Conditional Deed of Sale

CONDITIONAL DEED OF SALE
KNOW ALL MEN BY THESE PRESENTS:

This conditional deed of sale entered into this ____ day of August 2016, in
Municipality of Naujan, Province of Oriental Mindoro, by and between:
FE G. MUJE, married to __________________, both of legal age, Filipino, and resident
of _____________________________, __________________, hereinafter referred to as
VENDOR.
LITA G. LANZANAS, married to __________________, both of legal age, Filipino, and
resident of _____________________________, __________________, hereinafter referred to
as VENDOR.
LETTY G. DELOS SANTOS, married to __________________, both of legal age,
Filipino, and resident of _____________________________, __________________, hereinafter
referred to as VENDOR.
_____________________________, married to ______________________, both of legal age,
Filipino, and resident of _____________________________, hereinafter referred to as
VENDEE.
WITNESSETH
That the above-named VENDORS are the only surviving and lawful heirs of
CAYETANO VERTUCIO, of Barangay San Agustin II, Naujan, Oriental Mindoro, who
died intestate on ___________;
That, the VENDORS do hereby sell, convey, and transfer in a manner absolute and
irrevocable unto said VENDEE, his heirs and assigns, for and in
consideration
of
______________________________________________ PESOS
(P______________.00) Philippine Currency, a portion with an area of TEN
THOUSAND (10,000) square meters, more or less land taken from the bigger
parcel of land which is described as follows:
TAX DECLARATION OF REAL PROPERTY
No. 2015-080048-00284
A portion of the above-described land, designated as Lot 2018-B
with an area of TWENTY THOUSAND ONE HUNDRED EIGHTY ONE
(20,181) square meters, more or less. Bounded on the North by
Lot 2018; on the South by Lot 2017 Provincial Road; on the East by
Road and on the West by Lot 1166, 2013; as per sketch plan
prepared by Geodetic Engr. __________________ which is made a part
hereof.
That
the
consideration
will
be
paid
in
the
following
manner;
____________________________ PESOS (P__________.00) will be paid on the ______ of
____________, 2016 and ________________________________PESOS (P_________.00) will be

paid on the _____
of ___________, representing one-fourth (1/4) of the purchase price.
_______________________________________ PESOS (P__________.00), will be paid on the
______ of ____________ 2016, representing another one-fourth (1/4) of the purchase
price.
The amount of _____________________________________PESOS (P_____________.00)
will be paid, representing the other half of the purchase price, in
installments according to the following schedule of payments;
That in case, the remaining balance of _______________ is not paid in full on or before
______________________, the VENDEE shall be given 90 days extension to pay the
price in full. Otherwise, the remaining balance shall be subjected to an interest rate
of 5% per annum, payable monthly from the date of expiration of such extension.
That, however, in the event the VENDOR fails to comply with his obligation, the
purchase price which has been paid shall likewise earn legal interest in favor of the
VENDEE.
That the VENDOR shall give the VENDEE absolute and complete control and
possession of the subject property and allow the introduction of
improvements thereon upon the receipt first payment.
Further, that in the event that the VENDOR should fail or deliberately refuse to
comply with his obligation, the VENDEE shall be reimbursed of the amount of the
purchase price paid, cost of improvements as well as beneficial interests and other
damages that the VENDEE may suffer.
And Finally, VENDEE shall pay unpaid real estate taxes for 2016, capital gains tax,
documentary stamp tax, cost registration.
IN WITNESS WHEREOF, I have hereunto set my hand this ____ day of _____2016, at
______________, _______________________, Philippines.
FE G. MUJE
VENDOR
CTC No. __________
Issued on__________
At________________
LITA G. LANZANAS
VENDOR
CTC No. __________
Issued on__________
At________________
LETTY G. DELOS SANTOS

VENDOR
CTC No. __________
Issued on__________
At________________
_________________________
VENDEE
CTC No. __________
Issued on__________
At________________
SIGNED IN THE PRESENCE OF:

__________________________
Witness
__________________________
Witness
ACKNOWLEDGMENT
Republic of the Philippines
Province of Oriental Mindoro
Calapan City
)
) S.S.
)
BEFORE ME, this ___ day of___ 2016 in the City of Calapan, personally appeared
name., and name, whose community tax certificates and TIN described below thier
names, respectively, known to me and to me known to be the same persons who
executed the foregoing Conditional Deed of Sale, and he acknowledge to me that
the same is his free act and deed.
This document consisting of three (3) pages, including the page on which this
acknowledgement is written, has been signed on the left margin of each and every
page thereof by the parties and their witnesses and sealed with my notaries seal.
IN WITNESS WHEREOF, I have hereunto set may hand the day, year and place
above written.
Doc. No. __________

Page No. __________
Book No. __________
NOTARY PUBLIC
Series of 2016

Conditional Deed of Sale

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CONDITIONAL DEED OF SALE

KNOW ALL MEN BY THESE PRESENTS:

, 2016 and ____________PESOS (P_.00) will be

LETTY G. DELOS SANTOS

SIGNED IN THE PRESENCE OF:

Doc. No. __________

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