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:

BENJAMIN LAPIRA, of legal age, Filipino, married to


Brenda S. Lapira, and a resident of Palasinan, Cabiao,
Nueva Ecija, hereinafter referred to as the “VENDOR”;

and –
SPS. JOHNIE RAY DIANA PANESA and MA.
LOURDES G. PANESA, both of legal age, Filipino, with
address at Cabiao, Nueva Ecija, hereinafter referred to as
the “VENDEE”;

WITNESSETH THAT:

WHEREAS, the VENDOR is the absolute and registered owner of a


parcel land with residential two (2) storey house including all improvements
erected thereon, located at Barrio Palasinan, Mun. of Cabiao, Province of Nueva
Ecija, Philippines, with an area of Three Hundred Thirty-Four (334) square
meters, covered by Transfer Certificate of Title No. 041-2019005967 of the
Registry of Deeds, for the Province of Nueva Ecija, hereinafter referred to as the
“SUBJECT PROPERTY”, which is more particularly described as follows:

TRANSFER CERTIFICATE OF TITLE No. 041-2019005967

“A PARCEL OF LAND (Lot No. 4-G-2-B, Plan No. PSD-03-044604 LOT


4 being a portion of Lot 4-G-2 (LRC) PSD- 317499, situated in the
Barangay Palasinan, Mun. of Cabiao, Province of Nueva Ecija, Island of
Luzon. Beginning at a point marked “1” on plan, being X X X
containing an area of Three Hundred Thirty-Four (334) Square Meters,
more or less.

With the following improvement erected on the real estate property:

“A two-storey building, concrete and galvanized iron sheet roofing,


with an estimated total area of 140 square meters.”

WHEREAS, the VENDOR desires to sell the said parcel of land with
house and other improvements erected thereon for ONE MILLION EIGHT
HUNDRED THOUSAND PESOS (PHP 1,800,000.00) 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


ONE MILLION EIGHT HUNDRED THOUSAND PESOS (PHP 1,800,000.00),
Philippine Currency, 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 VENDEE, by way of Deed of Absolute Sale,
their heirs, administrators and assigns, in a manner absolute and irrevocable, the
above-described parcel of land with house and other improvements thereon, free
from liens and encumbrances of whatever nature;
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 person;

Transfer Tax, Registration Fees, Notarial Fee, and other incidental


expenses related to the transfer of the title to the name of the VENDOR.

The VENDOR hereby warrants to deliver to the VENDEE the following


documents simultaneously with the execution of this contract, to wit:

1. Original Owner’s Copy of TRANSFER CERTIFICATE OF TITLE NO. NT-


216530, free from all liens and encumbrance, lis pendens, option, liabilities
and encumbrances;

2. And other documents and papers pertinent to the ownership of the


VENDEES over the subject parcel of land, house and all improvements.

The VENDOR warrants that the subject property is not tenanted and free from
all claims of third person/s or entities and that the provision of laws are satisfied to
effect a valid and enforceable transfer and conveyance on the said SUBJECT
PROPERTY.

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 this documents this


______ day of _____________________________in ______________________________.

BENJAMIN LAPIRA BRENDA S. LAPIRA


VENDOR VENDOR

JOHNIE RAY DIANA PANESA MA. LOURDES G. PANESA


VENDEE VENDEE
SIGNED IN THE PRESENCE OF:

___________________________ _____________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )


CABANATUAN CITY ) SS.
X-------------------------------X

BEFORE ME, this __________ day of ______________, 2019, personally


appeared:

NAME GOVT., ISSUED ID. ISSUED ON/AT


BENJAMIN LAPIRA ___________________ ________________
BRENDA S. LAPIRA ___________________ ________________
JOHNIE RAY DIANA PANESA_________________ _________________
MA. LOURDES G. PANESA____________________ _________________

All known to me and to me known to be the same persons who executed


this foregoing instrument and hereby acknowledged 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 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.

NOTARY PUBLIC

Doc. No.______;
Page No.______;
Book No._____;
Series of 2019

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