CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This Contract made and entered into this ____ day of ____________ at Bacolod City, Philippines, by and between:

EDUARDO V. LEDESMA, ANA MARINA V. LEDESMA, REGINA L. BAUTISTA, MARGARET MARY L. JALANDONI, ELIZABETH CHRISTINE L.

COSCOLLUELLA, JOSE V. LEDESMA IV, JORGE V. LEDESMA, and LOURDES FILOMENA L. TABORA, all Filipinos, of legal ages, and residents of

Bacolod City, Neg. Occ., Philippines, and duly represented in this instance by, SANTIAGO JAVIER T. LEDESMA, likewise of legal age,

Filipino, and a resident of Bacolod City, hereinafter collectively referred to as the “VENDORS”.

- and -

NIÑA FEREN A. AGUILAR, of legal age, Filipino, married and a resident of __________________________________________________________________, Negros

Occidental, Philippines hereinafter referred to as the “VENDEE”,

WITNESSETH:

That for and in consideration of the sum of PESOS: TWO HUNDRED SIXTY FIVE THOUSAND TWO HUNDRED FORTY EIGHT AND 23/100

ONLY (P 265, 248.23), Philippine Currency, which the buyer shall pay in the manner and form hereinafter specified and in further consideration

of the strict compliance by the latter of the terms, conditions, and restrictions hereinafter stated the SELLER has agreed and contracted to the

BUYER, and the latter agreed to buy a portion or parcels of land known as Block 2 Lot 35 & 36, (as shown in the Site Development Plan attached

as Annex “A” hereof) as portion of Lot 719- E, located at Barangay San Fernando, Talisay City, Negros Occidental, particularly described and

bounded as follows:

TRANSFER CERTIFICATE OF TITLE T-091-2019000812

(COPY)

WHEREAS, the “VENDEE” has agreed to purchase the above-described portion or parcels of land equivalent to 180 Square Meters known as Block

2, Lot 35 and 36 only and the “VENDORS” are willing to sell the same, subject to the following terms and conditions to wit;

NOW, THEREFORE, for and in consideration of the foregoing and the mutual covenants hereafter contained, and for and in consideration of the

sum of PESOS: TWO HUNDRED SIXTY FIVE THOUSAND TWO HUNDRED FORTY EIGHT AND 23/100 ONLY (P 265, 248.23), to be paid in the

manner set forth herein, the VENDORS hereby SELL, TRANSFER and CONVEY unto the VENDEE, the above-described portion or parcels of land

with an area of One Hundred Eighty (180) square meters, more or less subject to the following terms and conditions:

The VENDEE agrees to pay the VENDORS as purchase price in the amount of PESOS: TWO HUNDRED SIXTY FIVE THOUSAND TWO HUNDRED

FORTY EIGHT AND 23/100 ONLY (P265, 248.23), without interest to be paid in the following manner:

The down payment shall be paid by the VENDEE to the VENDORS in the amount of PESOS: FIFTY THOUSAND PESOS ONLY (P50,000.00) upon

execution of this contract;

The remaining balance of PESOS: TWO HUNDRED FIFTEEN THOUSAND TWO HUNDRED FORTY EIGHT AND 23/100 ONLY (P215, 248.23)

PESOS is payable over a period of Two (2) years or (24 months) in equal monthly installments in the amount of PESOS: EIGHT THOUSAND

NINE HUNDRED SIXTY EIGHT AND 67/100 ONLY (P 8, 968.67) starting on August, 2023 and every month thereafter, until full payment,

without necessity of demand or the sending of bills or statement of accounts.

That the subsequent developmental cost and whatever improvements that the VENDORS/DEVELOPERS may introduce thereon in the subject

property shall be paid separately by the VENDEE for a period of 2 years or 24 months computed equally monthly.

That the VENDOR/SELLER shall execute a Deed of portion sale in favor of the VENDEE/BUYER upon full payment of the abovementioned

consideration the titles of the land subject of this sale shall be delivered by the VENDOR to the VENDEE as soon as possible, free from liens and

encumbrances;

The VENDOR warrants to defend and guarantee the right of the VENDEE to take peaceful possession, enjoyment and occupation of the afore-

mentioned parcel of land and all its improvements from the time of the execution of this agreement.

The property taxes owing to the government until the signing of this agreement shall be for the account of the SELLER. Thereafter, the same then

be for the account of the BUYER.

Incidental Sale Expenses such as Capital Gains Tax, Documentary Stamps Tax, Broker’s Commission, Legal and Notarial Fees, except transfer taxes

and registration fees with the Register of Deeds shall be paid for the account of the VENDOR/SELLER.

The parties hereby agree that the terms and conditions of this contract shall be binding to all their respective heirs, assignees, transferees and

administrators.

IN WITNESS WHEREOF, the parties have hereunto set their hands on the date and at the place first above written.

SANTIAGO JAVIER T. LEDESMA NIÑA FEREN A. AGUILAR

As Attorney-in-Fact for the Heirs “BUYER”

of the late Eduardo L. Ledesma

SIGNED IN THE PRESENCE OF:

JERWIN N. MONTANO ________________________________

ACKNOWLEDGMENT

Republic of the Philippines)

City of Bacolod ) s.s.

x--------------------------------x
BEFORE ME, a Notary Public for and in the City of Bacolod City, this ________ day of _______________ personally appeared:

Name Government Issued ID Place/Date of Issue

SANTIAGO JAVIER T. LEDESMA ____________________________ _______________________

NIÑA FEREN A. AGUILAR ____________________________ _______________________

Who are personally known to me and are the same persons who executed the foregoing instrument and they acknowledged to me that the same is

of their voluntary free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the date and at the place first above written.

Doc. No. _____

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Book No. _____

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