DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE

WITH WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Extrajudicial Settlement of Estate with Waiver of Rights

(“Deed”), made and entered into by and between:

SESINANDITO VELEŇA, single/married to_______, EMELITA

VELEŇA PARCERO single/married to_________; VIRGILIO IBARROLA
VELEŇA; MARIA ZOLETA ALCANTARA RASAY, married to Norberto
Calatrava Rasay, all of legal ages, Filipino citizens and residents of Brgy. Pili,
Sariaya, Quezon, herein referred to as the HEIRS;

WITNESSETH :

WHEREAS, the above-named HEIRS are the only surviving and lawful
heirs of SANTIAGO VELEŇA who died on October 22, 1979 in Brgy. Pili
Sariaya, Quezon, AGAPITO VELEŇA who died on March 5, 1988 in Brgy. Pili,
Sariaya, Quezon; URBANO VELEŇA who died on April 4, 1973 in Brgy.
Tumbaga, Sariaya, Quezon; PILAR VELEŇA ALCANTARA who died on
November 1, 1952 in Brgy. Pili, Sariaya, Quezon, and VIRGINIA SALUBAYBA
ALCANTARA who died on_________ in____________, hereto attached the
copy of their death certificates as Annexes A-E;

WHEREAS, the said deceased, at the time of their death, left certain
parcels of land situated in the Municipality of Sariaya, Province of Quezon,
hereto attached as Annex “F” and more particularly described as follows, to
wit:
TRANSFER CERTIFICATE OF TITLE NO. T-220293
Lot 4839-CAD-117
A parcel of Land (Lot No. 4839 of the Cadastral Survey of Sariaya), situated
in the Municipality of Sariaya. Bounded on the NW., by the _____ Creek; on the S.
by Lot No. 4838; on the W., by a road; and on the NW., by Lot No. 4840. N.
containing at a point marked “1” on plan, being B-64 deg.14’E., 357.64 m. from n.
L.B.M. 130. 23; thence N. 60 deg. 25’ W., 9.20 m. to point “2”; thence N. 48 deg.
58’W., 36.96 m. to point “3”; thence N. 63 deg. 11’W., 60.73 m. to point “4”; thence
N. 63 deg. 11’W., 55. 36 m. to point “5”; thence N. 48 deg. 38’E., 7.04 m. to point
“6”, thence N. 25 deg. 44’E., 34.17 m. to point “7”; thence S. 47 deg. 18’E., 21.10
m. to point “8”; thence 6.28 deg. 10’E., 19.58 m. to point “9”; to the point of
beginning containing an area of 3,038 SQUARE METERS, more or less.

WHEREAS, there are no known debts or obligations due against the

estate of the said decedents;

WHEREAS, pursuant to Section 1 Rule of 74 of the Revised Rules of

Court of the Philippines, and the heirs being all of age and with full capacity
to contract, we do hereby adjudicate unto themselves the above- described
lands, in equal shares;

WHEREAS, the above named heirs, for and in consideration of love

and concern for LILIA RASAY PALOMADO, of legal age, widow, Filipino
citizen and a resident of Sariaya, Quezon, her heirs and assigns, and
recognize her as the absolute owner thereof;

WHEREAS, the above-described property is not tenanted by any

agricultural lessee hence not subject to pre-emption under Sections 11 and
12 of R.A. 3844, otherwise known as the Land Reform Code of the
Philippines, nevertheless to Article 1623 of the Civil Code of the Philippines.
 WHEREAS, this instrument may be registered in the Office of the
Registry of Deeds of Quezon in accordance with the Land Registration Law.

IN WITNESS WHEREOF, we have hereunto affix my signature this ____

day of _____, at Lucena City, Quezon, Philippines.

SESINANDITO VELEŇA EMELITA VELENA PARCERO

Heir/Waivant Heir/ Waivant
PCN: 6293-2743-8259-4970 OSCA: 97526

VIRGILIO IBARROLA VELEŇA VIRGINIA SALUBAYBA

ALCANTARA
Heir/ Waivant Heir/Waivant
OSCA: 73076 OSCA: 89416

LILIA RASAY PALOMADO

Claimant
ID No.__________________

SIGNED IN THE PRESENCE OF:

_______________________ and ___________________________

ACKNOWLEDGEMENT
Republic of the Philippines}
City of Lucena }

BEFORE ME this __________ day of ______ at _____________,

Philippines, personally appeared LILIA RASAY PALOMADO, SESINANDITO
VELEŇA, EMELITA VELENA PARCERO, VIRGILIO IBARROLA VELEŇA and
VIRGINIA SALUBAYBA ALCANTARA with their Competent Evidence of Identity
appearing below their names, who represented to me to be the same persons
who executed the foregoing instrument and they acknowledged to me that the
same is their own free and voluntary act and deed.
This instrument consists of two (2) pages, including this page where the
acknowledgement is written, signed by the Heirs and their instrumental witnesses
on each and every page thereof refers to as Extra Judicial Settlement of Estate.
WITNESS MY HAND AND NOTARIAL SEAL on the date and place first
above written.

DOC NO. _____;

PAGE NO. _____;
BOOK NO. _____;
SERIES of _____.