CONDITIONAL CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT made and entered into in

____________, Philippines, this _____day of
______________, 2019 by and between:

_________________, married to _________________, of

legal age and with residence at _________________ herein
represented by her ATTORNEY-IN-FACT,1
_________________ hereinafter referred to as the
SELLER/VENDOR;

- AND -

Spouses _________________ and _________________,

both of legal age and with residence at _________________,
hereinafter referred to as the BUYERS/VENDEES;

WITNESSETH: THAT

WHEREAS, the seller is the registered owner of two (2)

parcels of land with improvements located at Camarin,
Caloocan City and covered by Transfer Certificates of Title Nos.
_________________ containing a total area of One Hundred
Twenty-Five (125) square meters, more or less, and more
particularly described as follows:

TRANSFER CERTIFICATE OF TITLE (TCT)

NO. _________________

"A parcel of land (Lot _________________,

Blk. _________________, of the cons. subdn.
plan, Pcs-00-007319, being a portion of Psd-
13-001296 (ALL Lots) L.R.C. Rec. No. __),
situated in the Barrio of Camarin, Municipality
of Caloocan, Prov. of Metro Manila. Bounded
on the NW., along line 1-2 by Lot
_________________, Blk.
1 Through a Special Power of Attorney dated June 14, 2019, notarized by Atty.
Yolanda O. Alfonso, a Notary Public in Quezon City on even date and entered
in the book of Notarial Registry with Doc. No. 288, Page No. 58, Series of
2019.
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_________________; on the NE., along line
2-3 by ALLEY _________________; on the
SE., along line 3-4 by ROAD LOT
_________________; on the SW., along line
4-1 by Lot _________________, Blk.
_________________ all of the cons. subd
plan. Beginning at a point marked “7” on plan
being N. 39 deg. 49’W., 1040.87 m. from
LM#8, Tala Estate; thence N. 61 deg. 42’E.,
12.50 m. to pt. 2; thence S. 28 deg. 18’E.,
6.00 m. to pt. 3; thence S. 61 deg. 42’W.,
12.50 m. pt. 41 thence N. 28 deg. 18’W., 6.00
m. to the point of beginning, containing an
area of SEVENTY FIVE (75) SQUARE
METERS, All points referred to are indicated
on the plan and are marked on the ground by
P.S. cyl. conc. mons. 15 x 60 cm., bearings
true; date of original survey Sept. 1907 –
March 1908 and that of the cons. subd.
Survey October 9-27, 1995 and was approved
on July 25, 1996.”

TRANSFER CERTIFICATE OF TITLE (TCT)

NO. _________________

"A parcel of land (Lot _________________,

Blk. _________________, of the cons. subdn.
plan, Pcs-00-007319, being a portion of Psd-
13-001296 (ALL LOTS) L.R.C. Rec. No. ),
situated in the Barrio of Camarin, Municipality
of Caloocan, Province of Metro Manila.
Bounded on the SW., along line 1-2 by Lot
_________________, Blk.
_________________; on the NW., along line
2-3 by Lot _________________. Blk.
_________________, on the NE., along line
3-4 by ALLEY 1; on the SE., along line 4-1 by
Lot _________________, Blk.
_________________ all of the cons. subdn.
plan. Beginning at a point marked “1” on plan,
being N. 39 deg. 49’W., 1040.87 m. from LM #
8, Tala Estate; thence N. 28 deg. 18’W., 4.00
m. to pt. 2; thence N. 61 deg. 42’E., 12.50 m.
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 to pt. 3; thence S. 28 deg. 18’E., 4.00 m. pt. 4;
thence S. 61 deg. 42’W., 12.50 m. to the point
of beginning, containing an area of FIFTY (50)
SQUARE METERS, All points referred to are
indicated on the plan and are marked on the
ground by P.S. cyl. Conc. Mons. 15 x 60 cms.,
Bearings true, date of original survey Sept.
1907 – March 1908 and that of the cons.
subdn. survey October 9-27, 1995 and was
approved on July 25, 1996.”

WHEREAS, the BUYER/VENDEE would like to avail the

said property through Bank Financing;

WHEREAS, the SELLER/VENDOR is willing to grant the

BUYERS/VENDEES this request;

NOW THEREFORE, for and in consideration of the

foregoing premises, the SELLER/VENDOR agrees to sell and
the BUYERS/VENDEES agree to buy the above described
properties under the following terms and conditions:

1. The BUYER/VENDEE shall apply for a house and lot

purchase loan with _________________ Bank in the
amount of ONE MILLION FIVE HUNDRED
THOUSAND (P1,500,000.00) to pay the
SELLER/VENDOR for the house and lot. The
proceeds/check of the bank loan shall be paid to and in
the name of SELLER/VENDOR;

2. The total consideration shall be payable through CASH

OR MANAGERS’ CHECK as follows:

a. The amount of the P200,000.00 representing

the earnest money deposit shall be payable
upon execution of this Contract to Sell and
shall be considered part of the total contract
price;

b. The remaining balance amounting to

P1,300,000.00 shall be payable within
_____________ (time frame) upon execution
of this Contract to Sell;

c. In case the BUYERS/VENDEES could not

fulfill any of their obligation stated in this
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 Contract to Sell, the earnest money shall be
forfeited in favor of the SELLER/VENDOR.

3. The parties hereby agree that the capital gains tax on

this transaction shall be paid by the
SELLER/VENDOR, while the documentary stamp tax,
transfer tax and all other expenses necessary to
transfer the title of the above-described property in the
name of the BUYERS/VENDEES shall be for the
account of the latter.

4. Possession to the subject property shall be delivered

by the SELLER to the BUYER upon full payment of the
total consideration;

5. Upon full payment of the total price, the

SELLER/VENDOR shall sign and execute a DEED OF
ABSOLUTE SALE in favor of the BUYERS/VENDEES.
The SELLER/VENDOR shall likewise execute and/or
deliver any and all documents, including but not limited
to the original copy of Transfer Certificate of Title, Tax
Declaration and all other documents necessary for the
transfer of ownership from SELLER/VENDOR to the
BUYER/VENDEE.

This Contract shall be binding upon the heirs,

successors, executors, administrators and assigns of the
respective parties hereto.

IN WITNESS WHEREOF, the parties have hereunto set

their hands at the place and date first above written:

SELLER/VENDOR BUYER/VENDEE

SIGNED IN THE PRESENCE OF:

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 _________________ ___________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

) S.S.

BEFORE ME, a Notary public for and in __________, this

_____ day of _______________, 20___ personally appeared:

Known to me and to me known to be the same persons

who executed the foregoing instrument and they acknowledge
to me that the same is their free and voluntary act and deed.

I HEREBY CERTIFY that this instrument which consists

of ____ pages, including this page whereon this
Acknowledgment is written, have been signed by the parties
and their instrumental witnesses on the appropriate spaces on
page _____ and on the left margin of the other pages.

WITNESS MY HAND AND SEAL on the date and at the

place first above-written.

NOTARY PUBLIC

Doc No. ;
Page No. ;
Book No. ;
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Series of 2019.