EXTRAJUDICIAL SETTLEMENT OF ESTATE

with ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

This EXTRAJUDICIAL SETTLEMENT OF ESTATE with ABSOLUTE SALE

made and executed by the HEIRS OF ___________, this day of _________________, in
_________________into by and among :
1.__________________, of legal age, Filipino, and a resident_________________
2.__________________, of legal age, Filipino, and a resident
__________________________represented by his Attorney-in-
fact________________;
3.________________________, of legal age, Filipino, and a resident
of_____________________, represented by his Attorney-in-
fact__________________;
Hereinafter referred as the HEIRS,
W I T N E S S E T H:
WHEREAS, the HEIRS are the only surviving legitimate successors / heirs of the
late___________________;
WHEREAS, ______________________died intestate at _____________without
knowing debts and obligations to third persons, leaving two (2) parcels of land, located
at___________________, _together with the improvements thereon particularly
described and bounded as follows, to wit:
PARCEL 1
“ A parcel of coco land containing an area of___________________, more
or less, bounded on the North by_____________, on the East
by_____________, on the South by _________________and on the West
by_______________, covered by Tax Declaration No.___________.”

WHEREAS, by reason of the death of the______________, the HEIRS became co-

owners of the above-described properties by intestate succession;
WHEREAS, the above-described properties are not registered under Act 496 now
P.D. 1529, nor under the Spanish Mortgage Law, the parties agreed to register this
foregoing instrument pursuant to Section 113, of P.D. 1529.
WITNESSETH F U R T H E R:
WHEREAS, the above-described properties constitute the paraphernal property
of the HEIRS;

WHEREAS, the VENDORS have offered to sell, and

_______________________has agreed to buy the above-described properties, and the

EJS with ABSOLURE SALE

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parties have agreed to enter into a Contract of Absolute Sale over the above-described
properties.
NOW THEREFORE, for and in consideration of the amount
______________________receipt of which in full is hereby acknowledged by the
VENDORS to their complete satisfaction, the VENDORS hereby SELL, CONVEY, and
TRANSFER by way of ABSOLUTE SALE to and in favor of
____________________represented by its President___________________, hereinafter
referred to as the VENDEE, its successors and assigns, the Subject Properties described
above including the improvements existing therein.
IN WITNESS WHEREOF, the parties have hereunto affixed their respective
signatures, this______ day of ___________________,in__________________________.

____________ _____________
VENDOR VENDOR
Valid ID No.: Valid ID No.:
Issued by: Issued by:
On/Until: On/Until:
represented by his Attorney-in-fact
_______________

_______________
VENDOR
Valid ID No.:
Issued by:
On/Until:
Attorney-in-fact
____________________

_______________________________________
By: __________________
VENDEE
Valid ID No.:
Issued by:
On/Until:

Signed in the Presence of

___________________________________ ________________________________
Printed Name and Signature Printed Name and Signature

ACKNOWLEDGMENT
EJS with ABSOLURE SALE
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REPUBLIC OF THE PHILIPPINES
________________________} S.S.

BEFORE ME, a Notary Public for and in ____________ this ________ day of
_______________, personally appeared the Parties presenting their competent
proof of identity as indicated below their respective names, pursuant to the 2004
Rules on Notarial Practice, who are known to me and to me known to be the same
persons who executed the foregoing Extrajudicial Settlement of Estate with Absolute
Sale and acknowledged to me that they executed the same with their own free and
voluntary act and deed.

This instrument consists of _____ pages including the page on which this
acknowledgment is written, signed by the parties and instrumental witnesses
hereof.
WITNESS MY HAND AND SEAL, on the date, year, and place first above-
written.

Doc. No. _____;

Page No. _____;
Book No. _____ ;
Series of 20____.

EJS with ABSOLURE SALE

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