Sale With Down Payment
Sale With Down Payment
Sale With Down Payment
This AGREEMENT, made and executed by and between _____________, of legal age,
single/married to ___________, Filipino, with residence and post office address at ______________________,
hereinafter known as the FIRST PARTY;
-and-
W I T N E S S E T H:
1. That FOR AND IN CONSIDERATION of the sum of FIVE HUNDRED EIGHTY THOUSAND
PESOS (P 580,000.00), Philippine Currency, to be paid as hereinafter provided, the FIRST
PARTY, hereby agrees to sell unto the SECOND PARTY, the following described parcel of
land:
DESCRIPTION
Portion of Lot 2450 with Tax Dec. No. 15-TY-004-00230 containing an area
of SEVENTY EIGHT (78) SQUARE METERS, more or less and in between
Cecilia Lopez Property and Tax Dec. No. TY-13-004-00231.
2. That said SECOND PARTY hereby agrees to purchase said premises at said consideration of
FIVE HUNDRED EIGHTY THOUSAND PESOS (Php 580,000.00), Philippine Currency, and to
pay the same as follows:
a. Upon execution of this Agreement, the sum of FIVE HUNDRED THOUSAND (Php
500,000.00), Philippine Currency.
b. Upon delivery of the instruments of sale, and the muniments of title, the amount of
EIGHTY THOUSAND PESOS (Php 80,000.00), Philippine Currency;
c. The last payment of Eighty Thousand Pesos (Php 80,000.00) will be released on
staggered as per needed payment for titling and others, miscellaneous expenses.
IN WITNESS WHEREOF, the said parties have hereunto set their hands this _____ day of
_______________, 20____ at ____________________________________.
_________________________________ _________________________________
ROMEO D. CRUZ
First Party Second Party
WITNESSES:
_________________________________ _________________________________
-2-
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the Province of Rizal, this ________ day of ______________
20___ personally came and appeared:
all known to me and to me known to be the same persons who executed the foregoing instrument
which they acknowledged before me as their free and voluntarily act and deed.
WITNESS MY HAND AND SEAL, this _________ day of __________________, 2016 at _________________.
NOTARY PUBLIC