CONDITIONAL CONTRACT TO SELL
KNOW ALL MEN BY THESE PRESENTS:
This CONTRACT made and entered into in LEGZAPI CITY,
PHILIPPINES, THIS 4th day of March 2020 by and between:
LALAINE P. TORRE, of legal age, single/married to ROY
TORRE, Filipino, and with residence and postal address at 474 Rizal St.,
Brgy. 19, Cabangan, Legazpi City, Albay, hereinafter referred to as the
SELLER/VENDOR;
-AND-
ALFONSO L. JARANILLA, JR and CHRISTY A. JARANILLA,
Filipino and with residence and postal address at Purok 3, 309 Kawit East,
Brgy. 16, Washington Drive, Legazpi City, Albay, hereinafter referred to as
the BUYER/VENDEE.
WITNESSETH: THAT
WHEREAS, the SELLER/VENDOR is the owner of the a parcel of
land known as Lot 592-D-4-E-4 of the subdivision survey Psd-05-047163,
being a portion of Lot 592-D-4-E, Psd-05-022890, situated in Barangay of
Old Albay, City of Legazpi, Province of Albay, Island of Luzon. xxx
containing an area of TWO HUNDRED TWENTY TWO (222) square
meters. xxx.
The copy of the approved technical description of the subject lot is
hereto attached and marked as Annex-A.
WHEREAS, the SELLER/VENDOR is willing to sell and the
BUYER/VENDEE is willing to buy the said property through PAG-IBIG;
WHEREAS, the SELLER/VENDOR is willing to grant the
BUYER/VENDEE this request;
NOW THEREFORE, for and inconsideration of the foregoing premises,
the SELLER/VENDOR agrees to sell and the BUYER/VENDEE agrees to
buy the above described lot under the following terms and conditions:
1. The BUYER/VENDEE shall apply for a lot purchase loan with PAG-
IBIG in the amount of EIGHT HUNDRED EIGHTY EIGHT
THOUSAND PESOS (PHP888,000.00) to pay the
SELLER/VENDOR for the lot. The proceeds/check of the PAG-IBIG
loan shall be paid to and in the name of SELLER/VENDOR;
2. For purposes of the loan, the SELLER/VENDOR shall allow the
transfer of the title in the name of the BUYER/VENDEE; but only
after the issuance of a letter guarantee from PAG-IBIG;
3. The capital gains and notarial fees shall be to the account of the
SELLER/VENDOR, while the transfer tax and documentary stamp
tax shall be to the account of the BUYER/VENDEE.
4. After the payment of the whole consideration, the SELLER/VENDOR
shall execute a registrable deed of conveyance in favor of 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:
LALAINE P. TORRE ALFONSO L. JARANILLA, JR.
Seller/Vendor Buyer/Vendee
WITH MARITAL CONSENT:
ROY TORRE CHRISTY A. JARANILLA
Seller’s Spouse Buyer's Spouse
SIGNED IN THE PRESENCE OF:
_____________________________ ___________________________
Witness Witness
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
City of Legazpi ) S.S.
BEFORE ME, a Notary public for and in the City of Legazpi, this 4th
day of March, 2020 personally appeared:
BEFORE ME, a Notary Public for and in the City of Legazpi,
personally appeared:
Name ID Number Expiray Date
Lalaine P. Torre DL No. E02-97-035665 Nov. 11, 2022
Alfonso L. Jaranilla, Jr. DL No. E02-92-024516 Dec. 12, 2023
Known to me and to me known to be the same persons who executed the
foregoing instrument and acknowledged to me that the same are their free
act and voluntary deed.
This instrument, consisting of three (3) pages, including the page on
which this acknowledgment is written, has been signed on the left margin of
each and every page thereof by the concerned parties and their witnesses,
and sealed with my notarial seal.
WITNESS MY HAND AND SEAL on this 4th day of March 2020 at
Legazpi City, Albay, Philippines.
HANIL B. ALMOGUERA
Doc. No. ........;
Page No. .......;
Book No. .......;
Series of 2020.
