Deed of Absolute Sale

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DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Absolute Sale, made and entered into at Tacloban City,
Philippines, by and between:

TACLOBAN LUCKY HARDWARE REALTY CORPORATION, a


domestic corporation duly organized and existing under and by virtue of the
laws of the Republic of the Philippines, with principal office located at Rizal
Avenue, Tacloban City, Leyte, Philippines, herein represented by JOHNY CHU
GO, of legal age, Filipino, married and a resident of Tacloban City, on the
strength of a Board Resolution passed and approved by the Board of Directors of
the said corporation, hereinafter called the SELLER,

-a n d-

SAMUEL CHU NGO, of legal age, Filipino, married to MARY


CHRISTINE L. NGO, with address at P. Zamora St., Tacloban City, hereinafter
called the BUYER,

WITNESSETH: That---

WHEREAS, on 25 July 2005, the herein parties executed a Deed of Sale on


Installment Basis per Doc. No. 816, Page No. 83, Book No. XII, s. 2005 of the
Notarial Register of Notary Public Camilo A. Camenforte, of a certain real
property, together with a commercial building erected thereon, covered by
Transfer Certificate of Title No. T-34849 in the name of Seller, for the
consideration of TWENTY MILLION ONE HUNDRED EIGHTY FIVE
THOUSAND FIVE HUNDRED TWENTY PESOS (PhP20,185,520.00), payable
within a period of eight (8) years by instalment;

WHEREAS, the buyer has paid the total purchase price of, Philippine
Currency by instalment in the span of eight (8) years;

WHEREAS, the capital gains tax, documentary stamp tax have been paid
per Payment Forms 0605, deposit slips for tax payments and Revenue Official
Receipts, all in the amount of P_____________________ only and a
CAR____________ issued....

WHEREAS, the technical description of the above-mentioned real


property is, as follows:

TRANSFER CERTIFICATE OF TITLE NO. T-34849

A parcel of land (Lot No. 5 of the Cadastral Survey of Tacloban),


with the buildings of strong materials thereon, situated on the:
SW., line of Calle San Roque, Municipality of Tacloban.
Bounded on the
NE., by Calle San Roque; on the
SE., by properties of Jose Luciano, et al. (Lot No. 6) and Perpetua
Yerro, et al. (Lot No. 16); and on the
NW., by properties of Maria Bayona (Lot No. 3) and Marcela
Santos, et al. (Lot No. 4)
Beginning: at point marked “1” on plan, being N.61 deg.
34’W., 517.66 from B.L.L.M. No. 1, Tacloban
thence N.56 deg. 13’W., 32.52m. to point 2;
thence N.33 deg. 33’W., 27.19m. to point 3;
thence S.34 deg. 01’W., 24.68m. to point 4;
thence S.60 deg. 53’E., 15.64m. to point 5;
thence S.62 deg. 42’E., 13.71m. to point 6;
thence N.20 deg. 11’E., 18.17m. to point 7;
thence N.41 deg. 30’E., 41.94m. to point

of beginning; containing an area of ONE THOUSAND FIVE


HUNDRED (1,500) square meters, more or less, covered by Transfer
Certificate of Title No T-34849 in the name of Tacloban Lucky
Hardware Realty Corporation, issued by the Register of Deeds of the
City of Tacloban;

For and in consideration of the sum of TWENTY MILLION ONE


HUNDRED EIGHTY FIVE THOUSAND FIVE HUNDRED TWENTY PESOS
(PHP 20,185,520.00), Philippine Currency, of which total receipt is hereby
acknowledged and confessed by the SELLER, the SELLER hereby SELLS,
CEDES, TRANSFERS and CONVEYS, in an absolute and irrevocable manner, all
the rights, interests, and title over the above described parcel of land and the
building thereon as well as other improvements standing thereon, free from all
liens and encumbrances whatsoever;

The SELLER hereby warrants unto the BUYER valid title and peaceful
posession of the property, herein conveyed subject of this instrument and binds
itself to defend the rights over the property by the herein BUYER, his successors
and assigns against claims of all persons whomsoever and whatsoever.

IN WITNESS WHEREOF, the parties hereby affix their signatures this


____________________ at Tacloban City.

TACLOBAN LUCKY HARDWARE


REALTY CORPORATION SAMUEL CHU NGO
Seller Buyer
By:

JOHNY CHU GO

SIGNED IN THE PRESENCE OF:


_____________ ________________

REPUBLIC OF THE PHILIPPINES)


TACLOBAN CITY ) S.S.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public, this _________________ at Tacloban City,


personally appeared:
Competent Evidence of Identity

JOHNY CHU GO CTC 00240894; 2.12.13; Tacloban City


SAMUEL CHU NGO CTC 0212767; 1.14.13; Tacloban City

all known to me to be the same persons who executed the foregoing instrument,
and they acknowledged to me that the same is their own free act and deed.

This acknowledgement relates to a Deed of Absolute Sale of a certain real


property with a commercial building thereon, situated at P. Zamora St., Tacloban
City, consisting of three (3) pages, including the page on which this
acknowledgment is written.

WITNESS MY HAND AND SEAL on the date and place above written.

Doc. No. ___


Page No. ___
Book No. ___
SERIES OF 2013

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