This CONTRACT TO SELL made and executed into by and between;
JOHN EMER L. SANTOS of legal age, married to ANNALISA D. SANTOS, Filipino and residents of Plaza, Abucay, Bataan, hereinafter called the Vendor, and
DENNIS SANTIAGO TOLENTINO, of legal age, married to MERECEL L. TOLENTINO, Filipino, and residents of Del Rosario St. Pilar, Bataan, hereinafter called the Vendee.
DESCRIPTION OF PROPERTY
“A parcel of land (Lot No. 11, Blk. No. 2) of Cadastral Survey of Abucay, containing an area of One Hundred Fifty (150) square meters.”
WHEREAS, the Vendor has offered to sell the above described parcel of land to the Vendee for the total amount of Four Hundred Twenty Seven Thousand Five Hundred Pesos (Php427,500.00) Philippine Currency and Vendee have agreed to buy the same;
NOW, THEREFORE, for and in consideration in the premises the Vendor hereby SELLS, TRANSFERS and CONVEYS unto the Vendee the above described Lot#11, Block#2 under the following terms and condition:
A. Down payment of One Hundred Thousand Pesos (Php100,000.00) upon signing of these contract;
B. The balance of (Php327,500.00) is payable within the period of 2 (two) years from the date hereof;
C. That the Vendor hereby agrees that upon complete payment of the Vendee shall execute the final deed of sale in favor of the latter.
IN WITNESS WHEREOF, I have hereunto signed this August 09 day of 2010 at Abucay, Bataan.
Dennis S. Tolentino
Vendee
John Emer L. Santos
Vendor
Signed in the presence of:
________________ _____________________________
Republic of the Philippines
Province of Bataan ) s.s
City of Balanga )
Before me, a Notary Public for and in the city of Balanga came and appeared JOHN EMER L. SANTOS with here community tax certificate # 13334169 issued on January 04, 2010 at Abucay, Bataan who represented to me to be the same person who executed the foregoing instrument and acknowledgment to me that the same is her free act and deed/
WITNESS MY HAND AND SEAL on the date and place first written.
Doc. No. _________
Page No. _________
Book No. _________
Series of 2010.