DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

ROMANITO R. PADILLA

This DEED OF ABSOLUTE SALE is made, executed and entered into by:

ROMANITO R. PADILLA, of legal age, Filipino, married to GAYLE F. PADILLA and

a resident of Upper Carmen, Cagayan de Oro City, hereinafter referred to as the VENDOR;

-AND-

MARIA TERESA A. BANAYNAL, of legal age, Filipino, and a resident of

________________________________, hereinafter referred to as the VENDEE;

WITNESSETH;

Whereas, the VENDOR is the absolute owner of a HOUSE AND LOT including all the
improvements existing thereon, situated in Barrio Carmen, Cagayan de Oro City more particularly
GAYLE F. PADILLA

described as, to wit:

1. Transfer Certificate of Title (TCT) No. T-166059 (Lot 27, Block 13, PSD-10-
042128, being a portion of Lot 5-D, Psd-10-0440610) situated in the Upper Carmen,
Cagayan de Oro City, Philippines, bounded on the NE., along line 4-1 by Lot 26, Block
13; on the SE., along line 1-2 by Lot 29, Block 13; on the SW., along line 2-3 by Road
Lot 13; on the NW., along line 3-4 by Lot 25, Block 13. Beginning from a point marked
“1” on plan being S. 29 deg. 36’ W. , 1138.43 m. from BLLM # 18, Cad-237, Cagayan
Cadastre, thence:

“1-2 S. 25 deg. 41’W., 15.00 m.

MARIA TERESA A. BANAYNAL

2-3 N. 64 deg. 19’W., 11.00 m.

3-4 N. 25 deg. 41’E., 15.00 m.
4-1 S. 64 deg. 19’E., 11.00 m. “

Containing an area of ONE HUNDRED SIXTY-FIVE (165) SQ.M MORE OR LESS.

All corners referred to are indicated on the plan and marked on the ground by PS cyl. conc. mons.
15 x 50 cm. Bearing true, date of Original Survey Nov. 1926- July 1932, and that of the subdivision
survey April 3-12, 2002, executed by Benjamin O. Mindajao, Geodetic Engineer and approved on
May 13, 2002;

2. Transfer Certificate of Title (TCT) No. T-166060 (Lot 27, Block 13, PSD-10-
042128, being a portion of Lot 5-D, Psd-10-0440610) situated in the Upper Carmen,
Cagayan de Oro City, Philippines, bounded on the NE., along line 1-2 by Lot 28, Block
13; on the SE., along line 2-3 by Lot 31, Block 13; on the SW., along line 3-4 by Road
Lot 13; on the NW., along line 4-1 by Lot 27, Block 13. Beginning from a point marked
FRANCIS M. BANAYNAL

“1” on plan being S. 29 deg. 36’ W. , 1138.43 m. from BLLM # 45, Cad-237, Cagayan
Cadastre, thence:

“1-2 S. 64 deg. 19’E., 11.00 m.

2-3 S. 25 deg. 41’W., 15.00 m.
3-4 N. 64 deg. 19’W., 11.00 m.
4-1 N. 25 deg. 41’E., 15.00 m. “

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 Containing an area of ONE HUNDRED SIXTY-FIVE (165) SQ.M MORE OR LESS.
All corners referred to are indicated on the plan and marked on the ground by PS cyl. conc. mons.
15 x 50 cm. Bearing true, date of Original Survey Nov. 1926- July 1932, and that of the subdivision
survey April 3-12, 2002, executed by Benjamin O. Mindajao, Geodetic Engineer and approved on
May 13, 2002;

Whereas, the VENDOR hereby further declares that the above-described house and lot is
FREE from LIENS and ENCUMBRANCES and shall defend its ownership from any and all
claims whosoever.

Whereas, the VENDOR shall be given reasonable time to transfer into a new residence
not exceeding 90 days from the perfection of the contract.

NOW, THEREFORE, for and in consideration of the sum of FOURTEEN MILLION

PESOS (Php 14,000,000) Philippine Currency the receipt whereof is hereby acknowledge from
the VENDEE to the entire satisfaction of the VENDOR, said VENDOR does these presents
hereby SELL, TRANSFER, and CONVEY, in a manner of absolute and irrevocable, unto said
VENDEE, her heirs, and assigns a HOUSE and LOTS, more particularly the above-mentioned
properties together with all the improvements found and existing thereon. The PARTIES have
agreed that All Taxes, such as but not limited to Capital Gains Tax, Documentary Tax, Transfer
Tax and the like, notarial fees and other fees and expenses etc., and penalties, if there are any,
related to the sale and transfer of All the above-mentioned properties shall be exclusively
shouldered by the VENDEE.

IN WITNESS WHEREOF, we have hereunto set our hand this______________ day of

__________________________, at Cagayan de Oro City;

ROMANITO R. PADILLA GAYLE F. PADILLA

Vendor Wife of the Vendor

MARIA TERESA A. BANAYNAL

Vendee

FRANCIS M. BANAYNAL

(Attorney-in-fact)

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 Signed in the presence of:
ROMANITO R. PADILLA

__________________________ ____________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES}

Cagayan de Oro City } SS.

BEFORE ME, a Notary Public for and in the City of Cagayan de Oro personally appeared:
GAYLE F. PADILLA

Name Valid Identification Number

Romanito R. Padilla : _________________________________________

Gayle F. Padilla : _________________________________________
Maria Teresa A. Banaynal : _________________________________________
Francis M. Banaynal : _________________________________________

Known to me and to me known to be the same persons who executed the foregoing instrument and
acknowledged to me that the same are their free act and voluntary deed.

This instrument, consisting of four (4) pages, including the page on which this acknowledgment
is written, refers to a Deed of Absolute Sale and 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.
MARIA TERESA A. BANAYNAL

WITNESS MY HAND AND SEAL on this ____ day of _________ 2019 at Cagayan de Oro
City.

Doc. No. .......;

Page No. .......;
Book No. ......;
Series of 2019.
FRANCIS M. BANAYNAL

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