DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This DEED OF ABSOLUTE SALE is made and executed by and between:

_______________, Filipino, of legal age, single/married to ____________________,

residing at __________________, hereinafter referred to as the VENDOR;

AND

____________________________, a duly registered corporation organized and existing under

the laws of the Philippines with office address at 3rd Floor VV Soliven Bldg.1, EDSA, San Juan
City, represented in this act by PURITA R. SOLIVEN, hereinafter referred to as the VENDEE.

WITNESSETH:

WHEREAS, the VENDEE is the registered owner of a parcel of land and covered by
Transfer Certificate of Title No. ____ more specially described as follows:
 WHEREAS, the title on the above-property has been transferred and registered in the
VENDEE name by virtue of the fact that the VENDOR applied for a house and lot package
under the housing loan program whereby even if the vendor has not yet fully paid the total
contract price of the house and lot, the title of the lot was already transferred to the name of the
VENDOR for the purpose of the mortgaging the same as collateral to the originating bank
name:_______________________________ as obtaining under and as per requirement of the
housing loan program.

WHEREAS, as agreed upon by the parties in the Deed of Undertaking executed on

____________ and entered in the Notarial Register of Atty.______________________ a Notary
Public for _____________________and entered as Doc. No. _______ Book No. ________, Page
No._____, Series of ________, the VENDOR has agreed to execute and sign a Deed of Absolute
Sale to recovery and sell back the afore-described realty together with any and all improvements
standing thereon unto and in favor of the VENDEE ( ); in any event that
take-outs from the National Home Mortgage Financing Corporation are stopped, delayed or
hampered due to forea-majure arising from economic, political upheavals or other causes beyond
control;

WHEREAS considering that the eventualities mentioned under the Deed of Undertaking
aforementioned and happened. The VENDOR is therefore under obligation to reconvey the
subject realty and the improvements thereon unto and in favor of _______________________,
hence, this Deed of Absolute Sale.

ACCORDINGLY, for and inconsideration of the foregoing premises and the covenants
hereinafter setforth the portion have agreed as follows:

1. For in consideration of the sum of ______________________________( )

Philippine Currency receipt whereof is hereby acknowledged by the VENDOR from the
VENDEE, the VENDOR hereby sells, cedes, transfers and assignee, absolutely and
irrevocably the above-described parcel of land including the improvements thereon unto
and in favor of the VENDEE, it heirs, assigns and successors-in-interest;
2. The VENDOR warrants that the above-described realty in free from liens or
encumbrances.

IN WITNESS WHEREOF, the parties have signed this instrument, freely and
voluntarily this _____ day of ________________ at ___________________________.

_______________ ____________________
Vendor Vendee

With my marital consent: By:

__________________ _________________
 SIGNED IN THE PRESENCE OF:

________________________ _____________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )

) S.S.
x___________________________________x

BEFORE ME, a Notary Public for and in ___________________ personally appeared:

Name ID No. Place/Date Issued

Known to me and to me known to be the same person who executed the foregoing instrument
and they acknowledged to me that the same is their true voluntary act and deed.

This instrument refers to Deed of Recission is consist of three (3) pages including the
Acknowledgment page and has been signed by the parties and their instrumental witnesses.

WITNESS MY HAND AND NOTARIAL SEAL on this_____day of ________at

_____________.

Doc. No. : _____________________ NOTARY PUBLIC

Page No.: _____________________
Book No.: _____________________
Series of 2019