CERTIFICATE OF REDEMPTION
KNOW ALL MEN BY THESE PRESENTS:
WHEREAS, on February 14, 2017, LIZA M. SANTO executed a real
estate mortgage in favor of RESTY L. CALAN to secure the payment of
One Hundred Thousand Pesos (P100, 000.00) with interest at 1% per month
payable within five (5) months from the date of execution of said mortgage;
WHEREAS, said real estate mortgage had been acknowledged before
Notary Public as per Notarial Register document no. 56, Page no. 3, Book
no. VI, Series of 2017, and duly registered in the Registry of Deeds of
Bangued, Abra;
WHEREAS, said mortgage contained in a clause granting the
mortgagee the special power to sell the mortgaged property without judicial
proceedings;
WHEREAS, pursuant to said authority, the mortgagee sold the
mortgaged property upon failure of the mortgagor to comply with the
conditions of the mortgagee, the purchaser being in good faith who paid the
sum of One Hundred Fifty Thousand Pesos (P150, 000.00) plus accrues the
interest thereon and to whom the certificate of sale had been given by the
persons conducting the auction sale;
WHEREAS, the mortgagor LIZA M. SANTO now offers to pay the
undersigned purchaser at public auction the sum of One Hundred Fifty
Thousand Pesos (P150, 000.00) in full satisfaction of the purchase price for
which the undersigned purchaser had purchased the mortgaged property at
public auction, together with accrued interests and taxes, if any, aid by the
undersigned purchaser;
WHEREAS, this offer to redeem on the part of the mortgagor is being
made within the period of one (1) year from the date of auction sale and is
therefore in compliance with the law;
WHEREAS, this offer to redeem the mortgaged property on the part
of the mortgagor is acceptable to the undersigned purchaser and agrees to
deliver the mortgaged property to the mortgagor;
WHEREFORE, in view of all the foregoing, the undersigned
purchaser hereby executes this CERTIFICATE OF REDEMPTION and
hereby restores the mortgagor to her full ownership of the above-mentioned
mortgaged property.
IN WITNESS WHEREOF, the undersigned purchaser has signed this
Certificate of Redemption this 14th day of February 2017 at the Municipality
of Abra, Philippines.
________________
JONA S. BENGGA
Purchaser
SIGNED IN THE PRESENCE OF:
____________________ ___________________
LANAH S. BELMON DYA V. BERMUDEZ
Witness Witness
AC K N OWLE D G M ENT
REPUBLIC OF THE PHILIPPINES )
Province of Abra ) S.S.
Municipality of Bangued )
BEFORE ME, a Notary Public in and for the Province of Abra,
Municipality of Bangued on this day personally came and appeared the
following persons with their respective competent valid documents:
Name Identification Card Date/Place issued
JONA S. BENGGA License issued by PRC 05/05/1999; Abra
All known to me to be the same person who executed the foregoing
instrument and hereby acknowledged to me that the same is their own free
and voluntary act and deed and that of the corporation they represent.
This instrument consisting of three (3) pages, including this page on
which this acknowledgment is written refers to CERTIFICATE OF
REDEMPTION and has been signed by the parties and their witnesses and
sealed with my notarial seal.
WITNESS MY HAND AND SEAL this 14th day of February 2017 at
the Municipality of Bangued, Abra.
ATTY. ..
Doc. No. 57 Commission Serial No. 87-11-25
Page No. 03 Notary Public: Bangued, Abra
Book. No. I Until December 31, 2017
nd
Series of 2017 Office: 2 floor, Rosario, Building, Bangued, Abra
Roll No. 83546
IBP Lifetime Roll No. 1324758; 01/08/09; Abra
PTR No. 1452234; 03/02/09; Abra
MCLE Compliance No. V- 0004578, 721- 19
