RELEASE OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

I, KARLO F. TANJILI, of legal age, Filipino, single, and a resident of

Block 2 Lot 6, Gulf View Subdivision Davao City, Philippines, after
being sworn to in accordance with law, hereby depose and state:

WITNESSETH:

That I am the Mortgagee in that Deed of Real Estate Mortgage executed

by ALFRED G. LACANDULA on November 23, 2019 and registered as
Doc. No. 30; Page No. 6; Book No. 1; Series of 2019, in the
Notarial Register of Notary Public ATTY. LEO G. ESCALANTE.

That having this date received the full amount of ONE MILLION PESOS
(P 1,000,000.00) in Philippine Currency, from the Mortgagor, which is in
full and complete settlement of the obligation secured by the
said mortgage, I do hereby forever RELEASE, DISCHARGE, AND
CANCEL the aforementioned Mortgage, covering the parcel of land
covered by Original/Transfer Certificate of Title No T-789421 of the
Registry of Deeds of Davao City, situated in the Km 7 McArthur Highway,
Davao City with an area of THREE HUNDRED FIFTY (350) square
meters, more or less.

IN WITNESS WHEREOF, I have hereunto set my hand, this January 17,

2020 at Davao City, Philippines.

KARLO F. TANJILI
Mortgagee

SIGNED IN THE PRESENCE OF:

_________________ _______________
REPUBLIC OF THE PHILIPPINES)
CITY OF DAVAO ) SS.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the City of Davao,

personally appeared KARLO F. TANJILI with Passport number 1645789
issued on July 20, 2018 at Davao City and Tax Identification Number
(TIN) 767619, known to me and to me known to be the same person who
executed the foregoing instrument which he acknowledged to me to be
his free and voluntary act and deed, consisting of two (2) pages, including
this page in which this Acknowledgement is written.

WITNESS MY HAND AND SEAL this 17th of January, 2020 at

Davao City, Philippines.

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of 2020;