CONTRACT TO SELL

CONTRACT TO SELL A PORTION OF REAL PROPERTY

KNOW ALL MEN BY THESE PRESENTS:

WE, the Spouses XXXXXXXXXXXXXXXXXXXX and XXXXXXXXXXXXXXXXXX, both of

legal age, Filipino, married to each other and 1010 Roxas Avenue Extension, Andagao,
Kalibo, Aklan, Philippines, herein called the SELLERS;

AND

XXXXXXXXXXXXXXXX, of legal age, Filipino Citizen, single and a resident of

Barangay Sugnod, Malinao, Aklan, Philippines, herein called the BUYER;

WITNESSETH;

WHEREAS, the SELLERS are the registered owners of a parcel of land specifically
described as follows:

Property Descriptions

Transfer Certificate of Title No. TCT No. T-11111

Location : Andagao, Kalibo, Aklan

Lot Area subject of Contract to Sell : FIFTY(50)square meters
Lot No. : Lot No. 3
Survey No. : Pcs-11111
Boundaries
North : NE-Lot 1111
East : SE-Lot 1111 & Exist. Road
West : NW-Lot 2
South : SW-Lot 1111 & 1111

WHEREAS, the BUYER has offered to buy and the SELLER has agreed to sell the above-
mentioned property, FIFTY (50) SQUARE METERS under the terms and conditions
herein below set forth;

NOW THEREFORE, for and in consideration of the sum of ONE HUNDRED SEVENTY FIVE
THOUSAND PESOS (175,000.00) Philippine Currency, and of the covenants herein
after set forth, the SELLER agrees to sell and the BUYER agrees to buy the aforesaid
property subject to the following terms and conditions:

1. The total consideration shall be ONE HUNDRED SEVENTY FIVE THOUSAND PESOS (
175,000.00) Philippine Currency, payable as follows:

a.) The amount of THIRTY THOUSAND PESOS( 30, 000.00), representing

advance payment shall be payable by the BUYER to the SELLER upon signing of
this Contract to Sell;

b.) The remaining balance in the amount of ONE HUNDRED FORTY FIVE
THOUSAND PESOS (145,000.00), shall be paid in cash, in the amount of
FIFTEEN THOUSAND PESOS (15,000.00) to be paid on a monthly basis, until
fully paid only within a period of ONE (1) year;
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c.) The mode of payment shall be on cash basis only.

 CONTRACT TO SELL

2. Upon full payment of the total price, the SELLER shall sign and execute a DEED OF
ABSOLUTE SALE in favor of the BUYER. The SELLER shall likewise execute and/or
deliver any and all documents and all other documents necessary for the transfer of
ownership from SELLER to the BUYER.

BINDING EFFECT
This Deed shall be binding upon the parties,and their respective heirs or successors-
in-interest and assigns.

Signed on the date in the place written above.

XXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX
Seller Seller
TIN 1111111111 TIN 1111111111

XXXXXXXXXXXXXXXXXXXXXX
Buyer
EB6568266

Signed in the presence of: 1. 2.

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

PROVINCE OF AKLAN )S.S
MUNICIPALITY OF KALIBO )
x-------------------------------------------------x

BEFORE ME, a Notary Public for and in Province of Aklan, Municipality of Kalibo,
Philippines, this _____________________, personally appeared
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX, all personally known to me and their
identity proved to me on the basis of competent evidence of identity to be the
same person who executed the foregoing instrument and acknowledged to me that
the same is their own free act and deed;

This instrument refers to Contract to Sell a Portion of Real Property, consisting

of TWO (2) pages, including this page on which this acknowledgement is written and
signed XXXXXXXXXXXXXXXXXXXXXXXXX and their instrumental witnesses.

WITNESS MY HAND AND SEAL on the date and at the place first above-written.
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