EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

We, _____________ and _____________, of legal ages, (single / married / widow), residents of _____________ and _____________, respectively, on our own volition, declare as follows:

1. That we are the legitimate children and sole heirs of the deceased _____________ who died on _____________ at _____________;

2. That said deceased died intestate, without any Last Will or Testament, and without any outstanding debts or accounts;

3. That the deceased left a certain parcel of land covered by Transfer Certificate of Title No. _____________ and more particularly described as follows:

(Technical Description of Property)

4. That the above-described parcel of land is not tenanted and does not come within the operation of the Comprehensive Agrarian Reform Program;

5. That pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, and both being with full capacity to contract, we do hereby adjudicate unto ourselves the land described above, in equal shares pro indiviso;

6. That FURTHER, and for and in consideration of the sum of _____________ (P_____________), Phil¬ippine Currency, receipt of which is herby acknowledged by us to our full and complete satisfac¬tion, we do hereby SELL, CONVEY, and TRANSFER by way of ABSOLUTE SALE unto _____________, (his/her) heirs, assigns and successors-in-interests, all our rights, interests and participation over the above-described parcel of land;

IN WITNESS WHEREOF, we have hereunto set our hands, this _____________ at _____________, Philippines.

HEIR/SELLER HEIR/SELLER

SIGNED IN THE PRESENCE OF:

__________________ __________________

(ACKNOWLEDGMENT)

Affidavit of Self Adjudication REPUBLIC OF THE PHILIPPINES)CITY OF CEBU...........................)S.S.

AFFIDAVIT OF SELF- ADJUDICATION

     I,         (name)             ,  Filipino, of legal age, (single/married), and a resident of               (address)           , Cebu City, Philippines after having been duly sworn to in accordance with law, do hereby depose and state, THAT:

          1. I am the sole heir of the late               (name of decedent)               being his/her only biological son/daughter;

         2. The late                     (name of decedent)               passed away on        (date of death)               and died without any last will and testament;

           3. At the time of death my father/mother had no debts, liabilities or obligations to any persons, agency or institution;

          4. The only property left by my late mother is (name and description of the property);

         5. As sole heir of the herein decedent, I hereby adjudicate the abovementioned property solely for and in my name as well as any and all liabilities arising from the said property;

       6. I hereby execute this affidavit for the purpose of processing the transfer of the said property in my name, the settlement of the estate of the late               (name of decedent)                   , as well as for the release of any other claim or benefit in relation to his/her death before any government/private office and banking institution and for any other legal purpose this may best serve.

         IN WITNESS WHEREOF, I hereby set my hands this           (date)               at Cebu City, Philippines.

    (name of affiant)     Affiant

            SUBSCRIBED AND SWORN to before me this               (date)               at Cebu City, Philippines. Affiant exhibited to me his                 (I.D. and I.D. No.)               issued on _________________ at ______________ as his competent evidence of identity.

Doc. No.______;Page No.______;                                                                     (NOTARY PUBLIC)Book No._____;Series of 20____.