cts_pagibig by xiuliliaofz


									                                      CONTRACT TO SELL
                                    (Pag-IBIG Fund Financing)


         This contract to sell, made and entered into this _______________________ at Calapan City, Or. Mindoro at
by and between:

                   NEO CALAPAN REALTY CORPORATION, a corporation duly organized and existing
         under and by virtue of the laws of the Republic of the Philippines, with office address at 3rd Floor,
         RGV Building II, Filipiniana Complex, Roxas Drive, Barangay Sto Niño, Calapan City, represented
         herein by _______________________________________________, hereinafter referred to as the

                                                       - and -

                   __________________________________________, of legal age, Filipino Citizens, and
         with residence and postal address at ______________________________________, represented
         through Special Power of Attorney by _____________________ with residence and postal
         address at Sto. Niño, Calapan City, Oriental Mindoro, hereinafter referred to as the BUYER.

                                                W I T N E S S E T H:

          WHEREAS, the SELLER is the registered owner in fee simple of a parcel of land situated at what is now
referred to as NEO- CALAPAN, located at Barangay Sto. Niño, Calapan City Oriental Mindoro, identified as Block
No. ___ Lot No ___ with an area of ___________ square meters, more or less, covered by TCT No. _________ of
the Registry of Deeds for the Province of Oriental Mindoro and more particularly described as follows, to wit:


         WHEREAS, the BUYER has offered to buy from the SELLER the above described parcel of land, including
whatever improvements that are existing thereon;

          NOW, THEREFORE, premises considered, for and in consideration of the sum
_____________________________________________________ (P____________) Philippine Currency, payable in
the manner hereinafter set forth, the SELLER hereby agrees to sell the parcel of land to the BUYER, and the latter
agrees to buy from the SELLER, under the following terms and conditions:

         1.        The BUYER shall pay to the SELLER at the office of NEO CALAPAN REALTY CORPORATION
                   in Sto. Niño, Calapan, Oriental Mindoro, without necessity of demand or notice or the services of a
                   collector, the agreed purchase price of the said parcel of land, as follows:

         1.1       EQUITY in the amount of __________________________________________________ PESOS
                   (P _______________) was paid by the BUYER to the SELLER;

         1.2       And the balance of ________________________________________PESOS (P ___________ )
                   shall be paid directly and in full to the SELLER when the Housing Loan with the HOME
                   DEVELOPMENT MUTUAL FUND, otherwise known as PAG-IBIG FUND have been approved and
                   Deed of Absolute Sale shall be executed thereafter.

         1.3       In the event that the Housing Loan granted is lower than the balance, the amount difference shall
                   be added as equity, paid by the BUYER to the SELLER. The SELLER shall determine the
                   payment terms with considerations on both parties.

         1.4       That the SELLER agree to transfer the Title in the name of the BUYER upon receipt of the Letter
                   of Guarantee/Notice of Approval from PAG-Ibig Fund.

         1.5       That the SELLER allow annotation of mortgage on the Title in favor of Home Development Mutual

           IN WITNESS WHEREOF, the SELLER and the BUYER have signed these presents on the date and at the
place first above written.

NEO CALAPAN REALTY CORPORATION                                                 _______________________________
          Seller                                                                          Buyer


                                       SIGNED IN THE PRESENCE OF:

         ____________________________________                  __________________________________


MUNICIPALITY OF _______________) S.S.

          BEFORE ME, a Notary Public for and in the above jurisdiction this ______ day of _____________________
personally appeared the following persons, with their residence certificates, to wit:

         NAME                               RES. CERT. NO.                       DATE/PLACE ISSUED

Neo Calapan Realty Corp.                      _____________                        _______________

Others                                        _____________                        _______________

known to me and to me known to be the same persons who executed the foregoing instrument and they acknowledged
to me that the same is their own free will and voluntary act and deed as well as that of the corporation herein

          This instrument consisting of Two (2) pages including this page whereon the acknowledgment clause is
written and signed by the parties and their instrumental witnesses on each and every page hereof, pertains to a
Contract To Sell of a parcel of land at Neo Calapan, Calapan City Oriental Mindoro.

          WITNESS MY HAND AND SEAL on the date, year and place first above-written.

                                                                        NOTARY PUBLIC
                                                                       Until Dec. 31, 20______
                                                                   P.T.R.No. __________________
                                                                   Issued on __________________
                                                                   Issued at ___________________

Doc. No. _____;
Page No. _____;
Book No.______;
Series of 20 ___.

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