REPUBLIC OF THE PHILIPPINES )

)s.s.

EXTRAJUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS

WITH WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This EXTRAJUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS

WITH WAIVER OF RIGHTS, is made and entered into by and among :

HEIRS OF THE LATE CORAZON LLAGAS TURIANO,

represented by SOFRONIO S. TURIANO, JASMIN TURIANO PERALTA
and JEAN TURIANO CASTILLO, all of legal age, Filipino and residents of
Barangay Sta. Elena, Iriga City;

HEIRS OF THE LATE AURORA LLAGAS BENJAMIN

represented by LORE A. BENJAMIN, of legal age, Filipino, widow, with
resident and postal address at Barangay San Francisco, Iriga City;

JAIME T. LLAGAS, of legal age, Filipino, married to Leni C.

Turiano, and a resident of and with postal address at Barangay Sta. Elena,
Iriga City;

WITNESSETH
That the above named parties , are the legitimate children and
heirs of the late CELEDONIO LLAGAS who died on June 12, 1997 at Sta.
Elena, Iriga City, without any Will or Testament;

That said deceased , at the time of his death left four (4) parcels
of real properties situated at Barangay Sta. Elena, Iriga City and more
particularly described as follows, to wit:

PARCEL I:

“A parcel of coconut land (semi-urban) designated as

Cadastral Lot No. 6361 with an approximate area of SIX
THOUSAND EIGHT HUNDRED (6,800) Square Meters, more or
less, bounded on the North by Lot 6362 in the name of Iraola; on
the East by Lot No. 6465- Pio Balang; on the South by Lot No.
6441 – Feliciano Llagas and on the West by Road, delimited all
around by visible boundary marks and declared for taxation
purposes in the name of Celedonio Llagas under Tax Declaration
No. 2006-031- 0226 and assessed at P49,980”;

PARCEL II:

“A parcel of coconut land designated as Cadastral Lot No.

6467 with an approximate area of FIFTEEN THOUSAND (15,000)
Square Meters, more or less, bounded on the North by Lot 6348 -
Maria Ibarreta; on the East by Lot No. 6464- Jacinto Orcine; on
1
 the South by Lot No. 6360 and on the West by Lot 10195-
Artemio Cortez, delimited all around by visible boundary marks
and declared for taxation purposes in the name of Celedonio
Llagas under Tax Declaration No. 2006-031-0271 and assessed at
P111,260.00”;

PARCEL III:

“A parcel of residential land designated as Cadastral Lot No.

6331 with an approximate area of THREE HUNDRED (300)
Square Meters with residential building erected thereon , bounded
on the North by Lot 6270 - Heirs of Celedonio Llagas; on the East
by Lot No. 6270- Heirs of Celedonio Llagas; on the South by
Provincial Road to Buhi and on the West by Barangay Road and
declared for taxation purposes in the name of Celedonio Llagas
under Tax Declaration No. 2006-031- 0397 (Lot) and Tax
Declaration 2006- 031-0396 (Building) and assessed at
P27,000.00 and P70,000.00, respectively ”;

PARCEL IV:

“A parcel of coconut land (semi-urban) designated as

Cadastral Lot No. 6436 with an approximate area of TWENTY
SEVEN THOUSAND (27,000) Square Meters, more or less,
bounded on the North by Lot 5437 – Pio Balang and Lot 6438 –
Jose Emila; on the East by Lot No. 8435- Exequiel Salcedo;
on the South by Lot No. 6440- Felipe Angeles; and on the West
by Lot 6441- Feliciano Llagas,, delimited
all around by visible boundary marks and declared for taxation
purposes in the name of Celedonio Llagas under Tax Declaration
No. 2006-031-0232 and assessed at P180,230.00”;

That no personal properties are involved in this Extrajudicial

Settlement of Estate with Waiver of Rights’

That to the best knowledge and information of the parties hereto,

the said deceased left no debts;

That the parties hereto, being all of legal age, with full capacity to
contract hereby by these presents agree to divide and adjudicate among
themselves, the above described real estate in equal share;

That FURTHER, WE, SOFRONIO S. TURIANO, HEIRS OF THE

LATE AURORA LLAGAS BENJAMIN represented by LORE A. BENJAMIN
and JAIME T. LLAGAS, do WAIVE, RENOUNCE, AND QUITCLAIM
forever, whatever SHARE, RIGHT, INTEREST, OWNERSHIP AND
PARTICIPATION we have in the above described real properties in
the manner following:

TO JASMIN TURIANO PERALTA :

PARCEL I - Lot 6361 -

6,800 square meters PARCEL II -
Lot 6467 -15,000 square meters
PARCEL III - Lot 6361 - 300
2
 square meters with Residential
Building

TO JEAN TURIANO CASTILLO :

PARCEL IV - Lot 6436-

27,000 square meters

That we have received our just share and have no claim against each
other.

IN WITNESS WHEREOF, we have hereunto affixed our

signatures this day of August, 2016 at Iriga City, Philippines.

SOFRONIO S. TURIANO HEIRS OF THE LATE AURORA

Heir/Waivor LLAGAS BENJAMIN

Represented By:

JAIME T. LLAGAS LORE A. BENJAMIN

Heir/Waivor Heir/Waivor

JEAN TURIANO CASTILLO JASMIN TURIANO PERALTA

Heir/Waivee Heir/Waivee

SIGNED IN THE PRESENCE OF :

AND

3
 ACKNOWLEDGMENT
Republic of the Philippines)
IRIGA CITY )S.S.

BEFORE ME, a Notary Public for and in the City of Iriga this
day of August, 2016 at Iriga City, Philippines, personally came and
appeared the parties with their valid proof of identification:

Sofronio . Turiano
Jasmin Turiano Peralta
Jean Turiano Castillo
Jaime T. Llagas
Lore A. Benjamin

Known to me, and to me known to be the same persons who executed

the foregoing Extrajudicial Settlement of Estate with Waiver of Rights
which they have acknowledge before me as their free and voluntary act
and deed.

This instrument consist of 3 pages duly signed by the parties and

their witnesses, including this page where the acknowledgment is written.

WITNESS MY HAND AND OFFICIAL SEAL at the place and

date above written

Doc No.
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Series of
2015