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EXTRA-JUDICIAL SETTLEMENT OF REAL ESTATE

WITH WAIVER AND RENUNCIATION OF RIGHTS


KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, CECILIA LAUREL-SALAZAR, died intestate at Brgy.
Poblacion 4, Talisay, Batangas on February 13, 2000 leaving no will nor
debts settled to date but leaving three (3) parcels of land situated at Brgy.
Miranda, Talisay, Batangas;
WHEREAS, at the time of her death, she left as forced heirs, the
following and to wit:
JUANITO L. SALAZAR, married, of legal age, Filipino citizen and a
resident of Brgy. Poblacion 4, Talisay, Batangas;

MILAGROS L. SALAZAR, single, of legal age, Filipino citizen and


a resident of Brgy. Poblacion 4, Talisay, Batangas;

HERMOGENES L. SALAZAR, married to Ma. Teresa Lacanlale, of


legal age, Filipino citizen and a resident of Brgy. Poblacion 4,
Talisay, Batangas;
WHEREAS, they are all her legal heirs by reason of the fact that they
are all her legitimate children and who are supposed to inherit by way of
intestate succession;
WHEREAS, at the time of her death, she left three (3) parcels of land
together with improvement thereon and more particularly described and
bounded as follows:
A parcel of residential land situated at Brgy. Miranda,
Talisay, Batangas containing an area of Four Hundred Twenty
Nine (429) Square Meters, more or less; bounded on the
North by Willie Revillame; on the East by Bo. Road; on the
South by Pedro Laurel; and on the West by Coco Martin;
covered by Tax Declaration No. 014-01724 of the Assessors
Office of Talisay, Batangas with an assessed value of
P18,020.00

A parcel of agricultural land situated at Brgy. Miranda,


Talisay, Batangas containing an area of Three Thousand Five
Hundred Seventy Two (3,572) Square Meters, more or less;

bounded on the North by Piolo Pascual; on the East by Sharon


Cuneta; on the South by Benigno Aquino; and on the West by
Charo Santos; covered by Tax Declaration No. 014-02417 of
the Assessors Office of Talisay, Batangas with an assessed
value of P16,780.00

A portion on a parcel of agricultural land situated at


Brgy. Miranda, Talisay, Batangas containing an area of One
Thousand Five Hundred (1,500) Square Meters, more or less;
bounded on the North by Mitche Mae Rojas; on the East by
Bo. Road; on the South by Camille Rojas; and on the West by
Bignay River; covered by Tax Declaration No. 013-02013 of
the Assessors Office of Talisay, Batangas with assessed value
of P7,050.00
WHEREAS, in view of the above facts and circumstances, we are
therefore co-owners and to terminate co-ownership over the same, we
hereby adjudicate over the same in pro-indiviso sharing pursuant to
Section 1, Rule 74 of the Rules of Court of the Philippines, subject to
the liabilities imposed by Section 4, of the same Rule;
WAIVER OF RIGHTS
WHEREAS, I, JUANITO L. SALAZAR (whose personal circumstances is
mentioned above) have agreed and covenanted to CEDE, TRANSFER and
CONVEY unto my co-heirs MILAGROS L. SALAZAR and HERMOGENES L.
SALAZAR (whose personal circumstances are mentioned above), their
heirs and assigns the full ownership and possession of the abovedescribed properties.
NOW, THEREFORE, for and in consideration of the foregoing premises, I
waived and renounced, as by these presents I hereby WAIVE and
RENOUNCE my share, right and participation over the above-described
properties.
That the above-described properties has not yet been registered under
Act 496 nor under the Spanish Mortgage Law and that the herein parties
do hereby agree to register this instrument under the provision of Act
3344, as amended.
IN WITNESS WHEREOF, we have hereunto set our hands, this____day of
___________, 2000 at City of Tanauan, Batangas, Philippines.

JUANITO L. SALAZAR

MILAGROS SALAZAR

SIGNED IN THE PRESENCE OF:

HERMOGENES SALAZAR

1. __________________________

2. ____________________________

REPUBLIC OF THE PHILIPPINES)


CITY OF TANAUAN
: S.S.
PROVINCE OF BATANGAS )
BEFORE ME, a Notary Public for and in the City above-stated, this
____day of __________, 2010 appeared the following persons with their
Community Tax Certificate Nos. and to wit:
Name
CTC No.
Date of Issue
Place of Issue
Juanito L. Salazar
15181724 January 25, 2000 Talisay, Batangas
Milagros L. Salazar
15181725 January 25, 2000 Talisay, Batangas
Hermogenes Salazar
15181726 January 25, 2000 Talisay, Batangas
and claim to me that they are the very same persons who executed the
foregoing instrument and acknowledge to before me that the same are
their free act and voluntary deed.
I HEREBY CERTIFY that this instrument which pertains to an ExtraJudicial Settlement of Real Estate with Waiver and Renunciation of Rights
consist of two (2) pages including this page have been signed by the
parties and their two (2) instrumental witnesses on the left hand margin of
each of the first and second page and on the top of their typewritten
names of each of the second page.
WITNESS MY HAND AND NOTARIAL SEAL on the date and place first
above-written.
Doc. No. _______
Page No. _______
Book No. _______
Series of 2000