EXTRAJUDICIAL

SETTLEMENT OF ESTATE
WITH SALE

KNOW ALL MEN BY THESE PRESENTS:

This Extrajudicial Declaration of Heirs, and Settlement of the Estate

with Sale is entered into by and among the following heirs of xxx, namely:

xxxxx, for herself and as attorney in fact of xxxxx (per SPA attached as
Annex “A”), of legal age, widow, Filipino and a resident of Itum, Duero,
Bohol; xxxxxx, for himself and as attorney in fact of xxxx (per SPA attached
as Annex “B”), of legal age, married and a resident of Maco, Compostela
Valley; and xxxx, for herself and as attorney in fact of xxxxx, of legal age,
Filipino, single, and a resident Zone 3, Brgy. Central Signal, Taguig, hereafter
collectively referred to as “Heirs”.

WITNESSETH that-

The Heirs are the only surviving heirs of xxxx who died intestate
leaving a certain parcel of land located at Alejawan, Duero, Bohol identified
as CAD Lot No. xxxx Survey No. xxxx, with an area of THREE THOUSAND
TWO HUNDRED TWENTY ONE (3,221) SQUARE METERS, more or
less, and covered by Tax Declaration No. xxxxxx; .

The Decedent died intestate, leaving no known debts that maybe

chargeable against her estate;

It is to the best interest of the Heirs to divide and adjudicate among

themselves the entire estate extra-judicially;

NOW THEREFORE, for and in consideration of the premises, and

invoking the provision of Rule 74, section 1, of the Rules of Court, the Heirs
do by these presents agree to divide and partition the entire estate above
described unto themselves;

WITNESSETH further that-

 FOR AND IN CONSIDERATION of the sum of TWO MILLION
FIVE HUNDRED PESOS (PHP2,500,000.00), Philippine currency,
received by xxxxx from xxxx (“Buyer”), of legal age, Filipino, married to
Roselyn Cape Sy and a resident of Pajo, Lapu-lapu City, Cebu, the Heirs
hereby SELL, CEDE, TRANSFER, and CONVEY the above-described
property to the Buyer, free from any lien or encumbrance.

IN WITNESS WHEREOF, the PARTIES have hereunto set their hands

and sign this ______ day of _____ at Lapu-Lapu City, Cebu Philippines.

xxxx xxxx
ID No. _________________ ID No. __________________
Expiring on ________________ Expiring on _________________

xxxx
ID No. __________________
Expiring on ________________

SIGNED IN THE PRESENCE OF:

1.______________________ 2._______________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

CITY OF LAPU-LAPU )

I certify that on this date before me, a notary public authorized in the
city name above to take acknowledgment, personally appeared the above-
named persons who were identified by me through competent evidence of
identity to be the same person described in the foregoing instrument, who
acknowledge before me that his signature on the instrument were voluntarily
affixed by them for the purpose stated therein, and who declared to me that he
has executed the instrument as their free and voluntary act and deed.
 This instrument refers to an Extrajudicial Settlement of Estate with Sale
consisting of three (3) pages, including this page, signed on the left margin by
the person executing this instrument and all pages sealed with my notarial
seal.

Witness my hand and seal this _____ day of__________, 2020 in the
City of Lapu-Lapu,Philippines.

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

ACKNOWLEDGMENT RECEIPT

This is to acknowledged receipt of the sum of TWO MILLION FIVE

HUNDRED PESOS (PHP2,500,000.00), Philippine currency from xxxx as
full payment for a parcel of land located at Alejawan, Duero, Bohol identified
as CAD Lot No. 3741 Survey No. 744-D, with an area of THREE
THOUSAND TWO HUNDRED TWENTY ONE (3,221) SQUARE
METERS, more or less, and covered by Tax Declaration No. 2016-21-0003-
00158.

xxxxxx