CONTRACT TO SELL

This contract to sell made and entered into at Quezon City Philippines this
____ day of November 2022 by and between;

SPOUSES MORENO L. DELA ROSA and ERNA P. DELA ROSA, both of

legal age, Filipino Citizens and with postal address at 76 Monaco St. Loyola Grand
Villas, Marikina City hereinafter referred to as the SELLERS/VENDORS.

And

VICTORIA TUPARAN CADUNGOG, of legal age, Filipino Citizen, with

postal address at 19 Mangyan St. La Vista, Quezon City, hereinafter referred to as
the BUYER(S)/VENDEE(S).

WITNESSETH

WHEREAS the SELLERS/VENDORS are the owners of a parcel of land,

covered by TCT No. 467637 issued by the Registry of Deeds of Marikina City
located at Marikina City more particularly described as follows:

TRANSFER CERTIFICATE OF TITLE NO. 467637

A parcel of land (Lot 2 of the cons. Subd. Plan, Pcs-13-001747,

being a portion of the cons. of Lots 6 & 7 (LRC) Psd-287295; LRC
Rec. No. 7672), situated in the Brgy. Concepcion I, Mun. of Marikina,
Metro Manila. Bounded on the SW., and SE., along lines 1 to 3 by Lot
5, (Right of Way) of the cons.-subd. Plan; on the NW., along line 3-4
by Road Lot 15 (12.00m wide) Psd-04-000511; on the NE., along line
4-5 by Lot 8 (LRC) Psd-287295; and on the SE., along line 5-1 by Lot
3, of the cons-subd. Plan. Beginning at a point marked “1” on plan,
being N. 4 deg. 59’W., 2369.46 m. from BLLM No. 2, Marikina,
Rizal; thence S. 44 deg. 03’W., 4.50 m. to point 2; thence N. 45 deg.
57’W., 17.00 m. to point 3; thence N. 44 deg. 03’W., 16.50 m. to
point 4; thence S. 45 deg. 57’W., 17.00 m. to point 5; thence S. 44
deg. 03’W., 12.00 m. to the point of beginning, containing an area of
TWO HUNDRED EIGHTY SQUARE METERS & FIFTY SQUARE
DECIMETERS, (280.50) xxx

WHEREAS the BUYER(S)/VENDEE(S) would like to purchase the said

property on installment basis.

WHEREAS the SELLERS/VENDORS are willing to grant the

BUYER(S)/VENDEE(S) the said request.

NOW THEREFORE, for consideration of the foregoing premises, the

SELLERS/VENDORS agreed to sell and the BUYER(S)/VENDEE(S) agreed to
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buy the above described property subject to the terms and conditions set forth
herein, to wit;
1.) Purchase Price – The purchase price for the sale of the said
property shall be twenty six million five hundred thousand pesos
(P26,500,000.00).

2.) Down payment – 50% down payment equivalent to thirteen

million two hundred fifty thousand pesos (P13,250,000.00) upon
signing of this Contract.

a) Initial down payment- Three million pesos (P3,000,000.00)

on October 25, 2022.
b) Full down payment- Ten million two hundred fifty thousand
pesos (P10,250,000.00) on November 8, 2022 or upon
signing of this Contract.

3.) The BUYER(S)/VENDEE(S) shall pay the balance of thirteen

million two hundred fifty thousand pesos (P13,250,000.00) on or
before January 31, 2023.

4.) Should the BUYER(S)/VENDEE(S) fails to pay on the schedule

date as provided in paragraph 3 hereof, this Contract to Sell shall
be terminated immediately and considered cancelled, and the
BUYER(S)/VENDEE(S) shall forfeit in favor of the
SELLERS/VENDORS the down payment made by the
BUYER(S)/VENDEE(S).

5.) The SELLERS/VENDORS will execute the Deed of Absolute Sale

upon full payment of the purchase price by the
BUYER(S)/VENDEE(S).

6.) The capital gains tax, registration of the sale, documentary stamp
tax and all fees and expenses in connection with the transfer of the
title of the said property in favor of the BUYER(S)/VENDEE(S)
shall be for the account of the BUYER(S)/VENDEE(S).
This contract is binding upon the heirs, executors and administrators of the
parties herein.

IN WITNESS WHEREOF, the parties herein have hereunto set their hands
this ___ day of November 2022 at Quezon City.

MORENO L. DELA ROSA _______________________

Vendor Vendee

ERNA P. DELA ROSA _________________

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 Vendor Vendee

WITNESSES

_______________________ ________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

QUEZON CITY ) SS.

BEFORE ME, a Notary Public, this _____day____________, personally

appeared the following:
NAME COMPETENT EVIDENCE OF
IDENTITY
MORENO L. DELA ROSA
ERNA P. DELA ROSA
VICTORIA TUPARAN CADUNGOG

This instrument, consisting of 3 page/s, 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. 

IN WITNESS WHEREOF, the parties have hereunto set their hands the day,
year and place above written. 

                           
Doc. No. ______;
Page No. ______; Notary Public
Book No. _____;
Series of 2022.