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Jurat - P300 Acknowledgement - P500
Jurat - P300 Acknowledgement - P500
3. The LAW FIRM shall make itself available for ready consultation by the
CLIENT or its duly authorized officers in all matters or business requiring
legal advice and opinion affecting the said corporation in general. Written
opinions rendered by the LAW FIRM on matters affecting
the business and operations of the corporation shall be subject to
confirmations;
Jurat – P300
Acknowledgement – P500
1.
5. The parties agreed that after the release of title covering the
subject parcel of land, the necessary deed of absolute sale in favor of the
plaintiff shall be executed and the transfer shall be effected immediately so
that the latter can apply for a loan from any lending institution using the
corresponding certificate as collateral, and the proceeds of said loan,
whatever be the amount, be given to the defendant.
6. The parties also agreed that whatever balance left from the
agreed purchase price, after deducting the proceeds of the loan and PhP
1,600,000.00 already received by defendant, shall be paid by the plaintiff not
later than July 12, 2017.
10. Despite plaintiff’s repeated oral and written demands for the
delivery of the title, the defendant failed to deliver the title to the plaintiff. A
copy of the demand letter dated December 12, 2016 which was received by
the defendant on the same day is here attached as Annex “D”.
11. To add insult to injury, plaintiff has not and could not
physically, actually, and materially possess and cultivate the subject
property because the area is not yet fully cleared from incumbrances and the
private mortgage and/or present possessor refuse to vacate the same.
13. Plaintiff also suffered moral damages for the serious anxiety,
mental anguish and sleepless night at having parted with his hard-earned
money for a promise that remains unfulfilled up to the present.
14. Moreover, defendant’s indifference to plaintiff’s demands
pursuant to the provisions of the contract evidenced his bad faith. He acted
in a wanton, fraudulent, reckless, oppressive and malevolent manner
justifying the award of exemplary damages.
Prayer
BEFORE ME, a Notary Public for and in Makati City this 29th June 2020
personally appeared the following persons whose identities I have
confirmed through competent evidence of identity bearing their pictures and
signatures as described below:
.
WITHNESS MY HAND AND SEAL at the place and on the date first-
above written.
Doc. No. 22;
Page No.5
Book No. 4;
Series of 2020.
The VENDEE does hereby accept this sale and binds herself to assume as
she hereby assumes the payment of the unpaid balance of the mortgage in
indebtedness of the VENDOR amounting to P335,336.26 of the loan as of
this date in favor of the aforenamed mortgagee and does hereby further
agree to be bound by the precise terms and conditions therein contained.
The SELLER shall secure the approval of the Mortgagee to the assumption
by the BUYER of the mortgages over the subject parcels of land.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands
at the place first above written, on this 29th of July 2019 at Bacoor, Cavite.
Mimi Yuh Bretman Bato
TIN:5433658 TIN: 8995678
Vendor Vendee