REPUBLIC OF THE PHILIPPINES)

PROVINCE OF BENGUET)s.s.

CITY OF BAGUIO

DEED OF SALE WITH MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

This DEED, made and executed on January 30, 2017 in Baguio City,
Philippines, by and between:

VIRGINIA D. GONZALES, widow, of legal age, Filipino Citizen and

with residence and postal address at 194 J. Gonzales St., San
Vicente, Baguio City, hereinafter called the VENDOR.

- and -

CATHERYN UMAYAM, of legal age, single, Filipino Citizen, and with

residence and postal address at 18-B Lorenzana, Baguio City,
hereinafter called the VENDEE.

WITNESSETH

WHEREAS, the VENDOR is the owner of certain parcel of land with

all the improvements existing thereon, situated at Bakakeng Norte,
Baguio City, specifically described as follows:

TRANSFER CERTIFICATE OF TITLE NO. 14851

A parcel of land (Lot 1-B-6) of the subdivision plan
(LRA) PSD-371780, approved as a non-
subdivision project, being a portion of Lot 1-B,
(LRC) PSD-297695, LRC Rec. No. Free Patent,
situated in the Bakakeng Norte, Baguio City.
Bounded on the NW., and NE., points 3 to 5, by
property of Jose Banting; on the NE., points 5 to 6,
by property of Antonio Estrada; on the SE, points 6
to 1, by Lot 1-B-5; on the SW., points 1 to 2, by lot
1-B-9 (Alley); points 2 to 3, by lot 1-B-8; all of the
subdivision plan.
Beginning at point marked 1 on plan, being N. 37 deg.
26E., 1130.10 m. from BLIM No. 3, Mabini, Baguio City;
 Thence N. 32 deg. 40w., 6.00 m. to point 2;
Thence N. 32 deg. 39W., 59.38 m. to point 3;
Thence N.52 deg. 06E., 133.21 m. to point 4;
Thence S. 29 deg. 04E., 33.81 m. to point 5;
Thence S. 29 deg. 33E., 32.04 m. to point 6;
Thence S. 52 deg. 06W., 129.35 m to the point of
Beginning containing an area of EIGHT THOUSAND FIVE
HUNDRED FORTY TWO (8, 542) Square Meters, more or less
x x x.
WHEREAS, the above-described properties are presently mortgaged
to RCBC SAVINGS BANK to secure the payment of two loans: the
first with an original obligation in the principal sum of P725,000.00
and the second with an original obligation of P253,000.00 contracted
by the VENDOR from the aforenamed mortgagee under the terms
and conditions set forth in two instruments of mortgage, the first one
Loan No. 64854974 executed on July 30, 2015 and ratified before
Paulo Avelino, Notary Public in and for Baguio City, as per Doc. No.
13, Page No. 27, Book No. 2, Series of 2015 of his notarial register
and the second one Loan No. 6846894 executed on October 12,
2016 and ratified before Paulo Avelino, Notary Public in and for
Baguio City, as per Doc. No. 203, Page No. 321, Book No. 2, Series
of 2016.

WHEREAS, the VENDOR has offered to sell and the VENDEE has
agreed to buy the above-described parcel of land with all the
improvements thereon for the total price of P1,250,000.00 payable in
the manner and form set forth hereinbelow:

NOW, THEREFORE, for and in consideration of the sum of

P1,250,000.00, Philippine currency, the said VENDOR does hereby
sell, transfer and convey, in a manner absolute and irrevocable, unto
the VENDEE, her heirs and assigns the real property above
described together with all the improvements existing thereon, free
and clear of all liens and encumbrances excepting the mortgagee as
may be subsisting in favor of RCBC SAVINGS BANK; and

The VENDEE does hereby accept this sale and binds herself to
assume as she hereby assumes the payment of the unpaid balance
of the mortgage in indebtedness of the VENDOR amounting to
P335,336.26 for the first loan and P217,669.59 for the second loan as
of this date in favor of the aforenamed mortgagee and does hereby
further agree to be bound by the precise terms and conditions therein
contained.
The SELLER shall secure the approval of the Mortgagee to the
assumption by the BUYER of the mortgages over the subject parcels
of land.

IN WITNESS WHEREOF, we have hereunto set our hands this

January 30, 2017 at 304 Porta Vaga Bldg., Session Road, Baguio
City, Philippines.

VIRGINIA GONZALES CATHYREEN UMAYAM

Vendor Vendee

SIGNED IN THE PRESENCE OF:

WALLY BAYOLA JIMMY SANTOS

Witness1 Witness2

ACKNOWLEDGMENT

Republic of the Philippines)

Province of Benguet) S.S
City of Baguio

BEFORE ME, a Notary Public for and in the City of Baguio, this
January 30, 2017, personally came and appeared with their
respective Residence Certificates, to wit:

Name Competent Evidence Place Issued/ Validity

. of Identity Period
Virginia Gonzales A-7328125 Baguio City, January 7, 2017

Cathyreen Umayam A-33704324 Baguio City, January 6, 2017

known to me to be the same persons who executed the foregoing
Deed of Absolute Sale and they acknowledged to me that the same is
their free and voluntary act and deed.

This instrument consists of four (4) pages, including the page

whereon this acknowledgment is written, and has been signed by the
parties and their instrumental witnesses on each and every page
hereof.

WITNESS MY HAND AND SEAL THIS 30 TH OF JANUARY 2017 IN

BAGUIO CITY, PHILIPPINES.

Atty. Princess Karina M. Marquez, RMT

Notary Public
Commission Serial No. 123456789
Until December 31, 2017
PTR No. 3202017; January 8, 2017; Baguio City
Roll No. 55701
IBP Lifetime Roll No. 987654321; Baguio City
MCLE Compliance Cert. No. 654987321
304 Porta Vaga Bldg., Baguio City

Doc. No. 30;

Page No. 60;

Book No. 1;

Series of 2017

CONFORME:

RCBC SAVINGS BANK

Mortgagee

By: Rizalyn Gonao

General Manager