CONTRACT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT is entered into by and between:

MA. LINDA ESPINA OROPESA, single, Filipino, of legal age, and a

resident of Brgy. Luciano Trece Martires City, Cavite, hereinafter referred to as
the FIRST PARTY;

AND

ZENETH RENGQUIJO MANINGO, single, Filipino, of legal age, and a

resident of La Roche, Sindangan, Zamboanga del Norte, hereinafter referred to
as the SECOND PARTY;

WITNESSETH

That the FIRST PARTY is the absolute owner and lawful possessor of a
parcel of land, containing an area of THREE HUNDRED THIRTY THREE (333)
square meters (Lot 7-A of the subdivision plan…), more or less, situated in
Poblacion, Municipality of Sindangan, Zamboanga del Norte. Her ownership is
by virtue of a Deed of Absolute Sale dated July 29, 2019 under Doc. No. 374,
Page No. 75, Book No. XXII, Series of 2019;

That the FIRST PARTY hereby agrees to sell to the SECOND PARTY a
portion of ONE HUNDRED SIXTY SIX (166) SQUARE METERS of the above
described property together with its improvements under the following terms
and conditions, to wit:

TERMS AND CONDITIONS

1. That the total selling price of the subject property shall be fixed at TWO
MILLION (P2,000,000.00) PESOS;

2. That upon execution of this contract the amount of ONE MILLION

FIVE HUNDRED THOUSAND PESOS (P1,500,000.00) shall be paid
by the SECOND PARTY to the FIRST PARTY as an earnest money;

3. That an amount of TWENTY THOUSAND PESOS (P20,000) shall be

handed over to Atty. Eulogio L. Lagudas, Jr. for processing of the
cancellation of the annotation of lis pendens;

4. That the balance in the amount of FOUR HUNDRED EIGHTY

THOUSAND PESOS (P480,000.00) shall be paid in full by the
SECOND PARTY unto the FIRST PARTY upon cancellation of the
annotation of lis pendens found at the back of the above-described title.
That the payment of the balance and the cancellation of the annotation shall
be made within a period of two (2) years or earlier as the case may be;

5. That the FIRST PARTY shall already enter possession of the said parcel
of land and made improvements therein including the survey of the
portion of the lot purchased, the frontage of which shall be at five (5)
meters. Furthermore, the amount of rentals for the existing lease
contracts shall be collected by the SECOND PARTY starting from the
month of February 2020 and thereafter;

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 6. That the Deed of Absolute Sale will be executed by the FIRST PARTY
after full payment of the price by the SECOND PARTY. However, the
owner’s duplicate copy of Transfer Certificate of Title No. T-35123 shall
be in the meantime, will be under the possession of Atty. Eulogio L.
Lagudas, Jr;

7. That the payments for Capital Gains Tax, Survey, and other expenses for
processing of title shall be at the expense of the SECOND PARTY;

8. That the parties herein shall faithfully comply and abide to the terms and
conditions set forth above.

IN WITNESS WHEREOF, we have hereunto set our hands this

________________, at Dipolog City, Philippines.

MA. LINDA ESPINA OROPESA ZENETH RENGQUIJO MANINGO

First Party/Vendor Second Party/Vendee
PRC ID No. 62923 TIN ID No. 286-817-622-000

SIGNED IN THE PRESENCE OF:

Merlita Agura and Grefeli Jumawan

ACKNOWLEDGMENT

Republic of the Philippines}

City of Dipolog . . . . . .}S.C.

BEFORE ME, on the date and at the place indicated above, personally appeared the
parties exhibiting their respective identification documents as shown above, known to me to be
the same persons who executed the foregoing instrument, and that they acknowledged that the
same is their free and voluntary act and deed, consisting of only two (2) pages, including this
page in which this Acknowledgement is written, duly signed by them and their instrumental
witnesses on each and every page hereof.

WITNESS MY HAND AND NOTARIAL SEAL.

ATTY. EULOGIO L. LAGUDAS, JR.

NOTARY PUBLIC
Until December 31, 2019
IBP NO. 070628 1-23-19
PTR NO. 5813708 12-4-18
ROLL OF ATTYS. NO. 56396
MCLE COMP. NO. V-0001798 4-14-19

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