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:
- 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 her legitimate children and are supposed to inherit by way of intestate succession;
WHEREAS, at the time of her death, she left three (3) parcels of land with improvements thereon, more particularly described as follows:
1. A parcel of residential land situated at Brgy. Miranda, Talisay, Batangas containing an area of Four Hundred Twenty-Nine (429) square meters, 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, assessed value of P18,020.00.
2. 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, 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, assessed value of P16,780.00.
3. A portion of agricultural land situated at Brgy. Miranda, Talisay, Batangas containing an area of One Thousand Five Hundred (1,500) square meters, 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, 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, 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, have agreed and covenanted to CEDE, TRANSFER, and CONVEY unto my co-heirs MILAGROS L. SALAZAR and HERMOGENES L. SALAZAR the full ownership and possession of the above-described properties.
NOW, THEREFORE, for and in consideration of the foregoing, I hereby WAIVE and RENOUNCE my share, right, and participation over the said properties.
That the above-described properties have not been registered under Act 496 nor under the Spanish Mortgage Law, and that the parties agree to register this instrument under the provisions of Act 3344, as amended.
IN WITNESS WHEREOF, we have hereunto set our hands this ____ day of ___________, 2025 at City of Tanauan, Batangas, Philippines.
JUANITO L. SALAZAR MILAGROS L. SALAZAR HERMOGENES L. SALAZAR
SIGNED IN THE PRESENCE OF:
1. __________________________ 2. __________________________
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES)
CITY OF TANAUAN : S.S.
PROVINCE OF BATANGAS)
BEFORE ME, a Notary Public for and in the city stated above, this ____ day of __________, 2025, appeared the following persons with their Community Tax Certificate numbers:
Name — CTC No. — Date of Issue — Place of Issue
Juanito L. Salazar — 15181724 — January 25, 2025 — Talisay, Batangas
Milagros L. Salazar — 15181725 — January 25, 2025 — Talisay, Batangas
Hermogenes L. Salazar — 15181726 — January 25, 2025 — Talisay, Batangas
They are personally known to me and acknowledged that the foregoing instrument is their free and voluntary act and deed.
I HEREBY CERTIFY that this instrument, consisting of two (2) pages, including this one, has been signed by the parties and their witnesses on the left margin of each page.
WITNESS MY HAND AND NOTARIAL SEAL on the date and place first above written.
Doc. No. _______
Page No. _______
Book No. _______
Series of 2025
Note: All names, addresses, and information used herein are fictitious and for example purposes only.