WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

We, ELIZABETH D. FLORES, ARIEL D. FLORES, IRENE D.
FLORES, MARICEL D. FLORES, and MARVIN D. FLORES, all of
legal ages and presently residing at Brgy. San Roque, Cabiao, Nueva Ecija,

W I T N E S S E T H :
WHEREAS, we are the legitimate children and compulsory heirs of
SPS. EFREN FLORES and EDNA DE ROXAS-FLORES;

WHEREAS, Sps. Efren Flores and Edna De Roxas-Flores are the

registered owners in fee simple of a parcel of land containing an area of
TWO HUNDRED SEVENTY FIVE (275) SQ. MS. situated in Brgy. Sta.
Rita, Cabiao, Nueva Ecija, and covered by TCT No. NT-207823;

WHEREAS, the aforesaid parcel of land has been mortgaged by our

aforenamed parents with the Community Rural Bank of San Isidro;

WHEREAS, our mother-mortgagor Edna De Roxas-Flores died on

07 November 2006,

NOW, THEREFORE, for and in consideration of the foregoing

premises and in respect of the aforementioned mortgage, we hereby waive
any and all our claims, rights, and interests over the aforedescribed parcel of
land in favor of our father Efren Flores as we hereby ratify and confirm any
and all acts which our father may have performed and may hereafter perform
concerning the subject property and which acts shall have the same legal
force and effect as if personally done by us and in our presence as
compulsory heirs of our deceased mother Edna De Roxas-Flores.

IN WITNESS WHEREOF, we have set our hands this ___ day of

November, 2006 in ________________________.

ELIZABETH D. FLORES ARIEL D. FLORES

IRENE D. FLORES MARICEL D. FLORES

MARVIN D. FLORES

Signed in the presence of:

__________________________ _________________________
Page Two
WAIVER OF RIGHTS

Republic of the Philippines)

) s. s.

A C K N O W L E D G M E N T

BEFORE ME, a Notary Public, personally appeared ELIZABETH

D. FLORES, with Comm. Tax Cert. No. _____________ issued in
__________________ on __________________, ARIEL D. FLORES, with
Comm. Tax Cert. No. _____________ issued in __________________ on
__________________, IRENE D. FLORES, with Comm. Tax Cert. No.
_____________ issued in __________________ on __________________,
MARICEL D. FLORES, with Comm. Tax Cert. No. _____________ issued
in __________________ on __________________,and MARVIN D.
FLORES, with Comm. Tax Cert. No. _________________ issued in
_______________________ on ___________________, known to me to be
the same persons who executed the foregoing instrument and acknowledged
to me that the same is their free and voluntary act and deed.

WITNESS MY HAND AND SEAL on this ___ day of November,

2006, in Quezon City.

NOTARY PUBLIC

Doc. No. ___

Page No. ___
Book No. ___
Series of 2006