Contract To Sell CABULLO
Contract To Sell CABULLO
Contract To Sell CABULLO
This instrument made and executed this 31st day of July 2018 by and between:
WITNESETH:
THAT the vendor is the absolute and registered owner of a parcel of land more
particularly described as follows, to wit:
THAT the vendor agreed to sell the afore-described property together with its
improvements to the vendee under a conditional sale and the vendee accepted the
conditions, to wit:
1. That the vendees hereby agree that the purchase price of the above-described real
property will be ONE MILLION FIVE HUNDRED THOUSAND PESOS
(P1,500,000.00);
2. That the vendees shall upon execution of this contract file their application of a
loan for lot purchase before the PAG-IBIG (HDMF) Tuguegarao City, Cagayan;
3. That the full payment for the above-described property shall be payable upon
release of the proceeds of the said loan;
4. That in the event that the proceeds of said loan will be less that the purchase price,
the vendee undertake to pay the remaining balance;
5. That the vendee agreed that the application of the loan for lot purchase with the
PAB-IBIG will be processed after due execution of this contract;
6. That upon payment of the total purchase price, the proper and sufficient deed or
sale and conveyance for the above-described property subject of this contract free
and clear from all liens and encumbrances except such as may be subsisting by
operation of law shall be executed;
NESTOR T. CABULLO
Vendor
With my marital consent:
EMEDINA E. CABULLO
Witnesses:
____________________ ______________________
Before me, a Notary Public for and in the Province of Cagayan, personally
appeared this 31st day of July 2018 the above-named persons and acknowledged the
foregoing instrument as their voluntary act and deed.
This document is consisting of two (2) pages including the page where this
acknowledgement is written.