Deed of Absolute Sale of Real Property

DEED OF ABSOLUTE SALE OF REAL PROPERTY KNOW ALL MEN BY THESE PRESENTS: This Deed of Absolute Sale made and executed by and between JESILO AGACITA, of legal age, married, Filipino and a resident of Guindawahan, Pio V. Corpus, Masbate, hereinafter referred to as the Vendor and SERGIO MAHINAY, married to ERLINDA CAADLAWON, resident of Guindawahan, Pio V. Corpus, Masbate hereinafter referred to as the VENDEE WITNESSETH: That for and in consideration of the sum of FIFTEEN THOUSAND PESOS (Php15,000.000) only, Philippine Currency, the receipt whereof is hereby acknowledge by the Vendor from the Vendee to the entire satisfaction of the Vendor, said Vendor does by these presents, SELL, TRANSFER and CONVEY in a manner absolute and irrevocable unto the Vendee, his heirs and assigns that parcel of land together with all the existing improvements thereon more particularly described and bounded as follows: “A portion of land situated at Guindawahan, Pio V. Corpus, Masbate containing an area of 400 sq. meter more or less bounded on the North by Celerina O. Maristela, South Rodgelyn M. Sardia, East Jesilo Agacita and West Brgy.Road, declared in the name of Jesilo Agacita under Tax Dec. No. 002958 with an assessed value of Php12,930.00 of 2009 revision for taxation purposes.” of which portion of land the VENDOR is the true and lawful owner of the land having acquired the same thru purchase and that it is free from liens and encumbrances of any kind or nature and for purposes of the present sale the provisions of Art. 1623 of the New Civil Code have been complied with and that said vendor herein testified that the above described property is presently not tenanted nor a subject of a lease contract whatsoever. The aforementioned real estate not having been registered under Act. 496 nor under the Spanish Mortgage Law; parties hereto agree to register this instrument under the provisions of Section 194 of the Revised Administrative Code as amended by Act No. 3344. IN WITNESS WHEREOF, the parties have hereunto set their signature this ____ th day of _______________, 2010 at _________________. Philippines. WITH MY MARITAL CONSENT JESILO AGACITA CARINA AMAROTO ERLINDA CAADLAWON Vendor Wife/Vendor Wife/Vendee

SERGIO MAHINAY Vendee

SIGNED IN THE PRESENCE OF: 1.______________________________________ 2._____________________________________ ACKNOWLEDGMENT Republic of the Philippines ) City of Masbate ) S.S. Municipality of _____________ ) BEFORE ME, this ____th day of _____________, 2010 at _________________Masbate, personally appeared Jesilo Agacita and Sergio Mahinay with Comm., Tax No.___________, ____________. Issued at Pio V. Corpus, Masbate. Issued on __________, ___________, known to me to be the same person who executed the foregoing instrument and acknowledge to me that the same are their free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Official Seal on the date and place first above written. __________________________ _____ Notary Public Doc. No._____; Page No. _______; Book No._____; Series of ________