Marave - Deed of Absolute Sale PDF

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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 executed by and between: Y, of legal age, Filipino, single and a resident of Mandaue City, Cebu, Philippines referred to as the “VENDOR”; and X, of legal age, Filipino, a resident of Mandaue City, Cebu, Philippines referred to as the “VENDEE”. WITNESSETH THAT: WHEREAS, the vendor is the absolute and registered owner of a house and lot located at Barangay 123, Mandaue City, Cebu with an area of five hundred (500) square meters and covered by Transfer Certificate of Title No. 12345 of the Registry of Deeds, for the City of Mandaue, hereinafter referred to as the “SUBJECT PROPERTY”, which is more particularly described as follows: Transfer Certificate of Title No. “A PARCEL OF LAND (Lot 2345 situated in the border of Barangay 123, Mandaue City. Bounded on NE by Road Lot 21; on the SW by Road Lot 31; along line 5-1 by Lot 69 of the subdivision Plan, on… to the point of beginning; containing an area of (500) square meters more or less. WHEREAS, the VENDOR desires to sell the said parcel of land with house and other improvements thereon for FIVE MILLION PESOS (PHP 5,000,000.00) and the VENDEE is able, willing and ready to purchase the same under the terms and conditions hereinafter set forth; NOW, THEREFORE, for and in consideration of the sum total amount of FIVE MILLION PESOS (PHP 5,000,000.00), Philippine Currency, VAT Inclusive, in hand received by the VENDOR from the VENDEE to the former’s full satisfaction and benefit and receipt hereof is hereby acknowledged by the VENDOR, the VENDOR by these presents hereby SELLS, CEDES, TRANSFERS, AND CONVEYS to the assigns, in a manner absolute and irrevocable, the abovedescribed parcel of land with house and other improvements thereon, free from liens and encumbrances of whatever nature and on an “AS IS WHERE IS BASIS”; The VENDOR warrants that the aforesaid land is free from any liens and encumbrances and that said VENDOR would defend the title and rights of the BUYER from any claims of whatever kind or nature from third persons.

The VENDOR warrants that the subject property would be free from any occupant/s within thirty (30) days. The VENDOR shall be liable for the payment of the Capitals Gains Tax, Documentary Stamp Tax and Real Estate Tax related to the transfer of the title to the name of the VENDEE. The VENDEE shall be liable for the payment of Registration Fees, Notarial Fee and other incidental expenses related to the transfer of the title. The VENDOR further undertakes and obligates to execute any and all documents, instruments and deeds necessary, appropriate or required to effectuate this Deed and the provisions herein contained and to transfer the title to the name of the VENDEE. IN WITNESS WHEREOF, the parties hereunto signed these documents this 13th day of April, 2021, in the City of Mandaue, Philippines.

Y (VENDOR) LTO No.: L01-032-1098

X (VENDEE) LTO No. G03-209-6431

SIGNED IN THE PRESENCE OF:

TONY STARK

STEVE ROGERS

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES) CITY OF MANDAUE ) S.S BEFORE ME, this 13th day of April, 2021, personally appeared: NAME Y X

LTO DRIVER’S LICENSE NO. L01-032-1098 G03-209-6431

ISSUED ON/AT May 1, 2020 at Cebu City March 9, 2019 at Mandaue City

All known to me and to me known to be the same persons who executed this foregoing instrument and hereby acknowledge to me that the same is their free and voluntary act and deed. This instrument consisting of three (3) pages, including this page on which this acknowledgment is written refers to a DEED OF ABSOLUTE SALE of a parcel of land with house and its improvements thereof and has been signed by the parties and their witnesses and sealed with my notarial seal. IN WITNESS WHEREOF, I have hereunto set my hand on the date and place first above written.

_________________ Atty. Cheska Christiana Saguin Notary Public for Mandaue City Commission Serial No. 123456 Until December 31, 2022 Office: AZ Building, Mandaue City Roll No.: 067760 PTR. No.: 1239/Issued at Cebu 1/1 IBP Number: 109823 Document No.: 11 Page No.: 3 Book No.: 5 Series of 2021...