Dulay, Nicole Bernadette M.

REPUBLIC OF THE PHILIPPINES)

City of Taguig
) S.S.
x-----------------------x
DEED OF ABSOLUTE SALE OF CONDOMINIUM UNIT
KNOW ALL MEN BY THESE PRESENTS:
This DEED, made and executed this 23rd of February 2016 in Quezon City by:
MARIAN CRUZ and ROBERT CRUZ, Filipino, married, with
residence and postal address at 174 Maginhawa St., Teachers Village,
Diliman, Quezon City, hereinafter referred to as the SELLERS,
IN FAVOR OF:
GERTRUDE WEISS and LUDWIG WEISS, German, married, of legal
age, with residence and postal address at 23 Gilmore Street, New
Manila, Quezon City, hereinafter referred to as the BUYERS,
WITNESSETH:
WHEREAS, SELLERS are the legal and registered owner of Tuscan Tower
Condominium Unit located at Fourth Street, Bonifacio Global City, Taguig City,
Philippines, containing a floor area of THREE THOUSAND EIGHTY-ONE SQUARE METERS
(3,081 sq. m.), more or less, and one (1) assigned parking slot covered by
Condominium Certificate of Title No. 1881-P of the Registry of Deeds for Taguig City;
WHEREAS, BUYERS offered to buy and the SELLERS agreed to sell the said
condominium unit as well as any and all rights and interest appertaining thereto under
the Master Deed with Declaration of Restriction (the Master Deed), as amended, the
Articles of Incorporation and the By-Laws of the Condominium Corporation;
NOW, THEREFORE, for and in consideration of the foregoing premises and
subject to the terms and conditions herein set forth, the BUYERS buy and the
SELLERS sell, transfer and convey, by way of absolute sale, unto the BUYERS, their
successors and assigns, the said condominium unit as well as any all rights and
interest appertaining thereto under the Master Deed, as amended, the Articles of
Incorporation and By-Laws of the Condominium Corporation.
1.
The purchase price for the said condominium unit and assigned parking
slot shall be TWELVE MILLION PHILIPPINE PESOS (PHP 12,000,000.00) to be
paid through a Managers Check drawn against the deposit account of the SELLERS
with BDO Unibank, Inc. Julia Vargas Branch.
2.
SELLERS warrant that the title to the said condominium unit is free and
clear of any and all liens and encumbrances, except the restrictions contained in the
Master Deed, as amended, as annotated and inscribed at the back of Condominium
Certificate of Title No. 1881-P.
3.
BUYERS accept and bind themselves to all conditions and restrictions
embodied in the Mater Deed, as amended, the Articles of Incorporation and By-Laws
of the Condominium Corporation, and agrees to faithfully observe and comply with the
House Rules and Regulations of the Condominium Corporation and any amendment or
supplement thereto.
4.
The BUYERS hereby acknowledge that they have examined the said
condominium unit and accept the same.
5.
The SELLERS undertake that they, their heirs, successors and assigns
shall warrant and defend the title to the real property subject of this Deed against all

claims of all persons or entities. The SELLERS also guarantee the right of the
BUYERS to take possession of the property subject of this agreement upon the
signing and execution of this agreement and will defend the latter against all judicial
or administrative actions for eviction.
6.
In addition to the consideration above, the capital gains tax (6% of
selling price), documentary stamps tax, value-added tax (VAT), if any, brokers fee (5%
of selling price), registration fee, legal and notarial fee (1% of the selling price) and
other incidental expenses in the registration of the sale and title transfer shall be for
the account of the BUYERS.
7.
The association dues and utilities shall be for the sole account of the
SELLERS until the execution of this Deed of Absolute Sale.
8.
The Agreement shall be binding and valid upon the parties herein and
their heirs, agents, representatives, and assigns.

IN WITNESS WHEREOF, the parties hereto have hereunto fixed their signature
this 23rd of February 2016 in Quezon City, Philippines.

MARIAN CRUZ
CRUZ

ROBERT

Seller

Vendor

GERTRUDE WEISS
Buyer

LUDWIG WEISS
Buyer

Signed in the presence of :

LILIAN NONATO
NONATO
Broker

NICK
Broker

ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the above jurisdiction, this 23 February
2016, personally appeared the following:
Name
No.

Community Tax Certificate

Marian Cruz
2016/Quezon City

09685761/02-02-

Robert Cruz
2016/Quezon City

09654321/01-08-

Lilian Nonato
2016/Pasig City

01654311/01-08-

Nick Nonato
2016/Pasig City

01126252/01-21Passport No.

Gertrude Weiss

T22123456

Ludwig Weiss

T22123321

known to me and by me known to be the same persons who executed the foregoing
Loan Agreement with Security and they acknowledged to me that the same is their
free and voluntary act and deed.
WITNESS MY HAND AND NOTARIAL SEAL at San Juan City, Philippines this 23rd of
February 2016.

Doc. No. 15;

LORENZO
Page No. 12;
Book No. II;
Series of 2016.

/s/ROSSELLE T.
Notary Public