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 TWO HUNDRED SIXTY FIVE THOUSAND TWO HUNDRED FORTY EIGHT AND 23/100 PESOS (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 situated at Block 2 Lot 35 & 36, Lot 719- E, Brgy. San Fernando, Talisay City, Negros

Occidental, particularly described and bounded as follows:

TRANSFER CERTIFICATE OF TITLE T-091-2019000812

WHEREAS, the VENDEE has agreed to purchase the above-described portion or parcels of land only.

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

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

manner set forth herein, the SELLER hereby SELLS, TRANSFERS and CONVEYS unto the BUYER, 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 VENDOR as purchase price in the amount of TWO HUNDRED SIXTY FIVE THOUSAND TWO HUNDRED FORTY

EIGHT AND 23/100 PESOS (P 265, 248.23), without interest to be paid in the following manner:

The down payment shall be paid by the BUYER to the SELLER in the amount of FIFTY THOUSAND PESOS ONLY (P 50,000.00) PESOS only.

The remaining balance of TWO HUNDRED FIFTEEN THOUSAND TWO HUNDRED FORTY EIGHT AND 23/100 PESOS ONLY (P 215, 248.23)

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

HUNDRED THIRTY SEVEN AND 35/100 (P 8, 968.67) PESOS starting on August 2023 and every month thereafter, without necessity of

demand or the sending of bills or statement of accounts.

That the developmental cost and whatever improvement thereon in the subject property shall be paid separately for a period of 2 year or 24

months computed equally.

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

consideration.

The SELLER warrants to defend and guarantee the right of the BUYER 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, local transfer taxes

and registration fees with the Register of Deeds shall be paid for by the BUYER.

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.

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