CANCELLATION/RELEASE OF PACTO DE RETRO SALE

KNOW ALL MEN BY THESE PRESENTS:

I, JESUSA TESORO MADRIAGA, of legal age, Filipino, widow, and a resident of

Plaridel Street, Tayug, Pangasinan, Philippines do hereby depose and states:

WITNESSETH:

That Mrs. VICTORIANA BORJA is the registered owner of a parcel of land more
particularly described as follows:

TRANSFER CERTIFICATE OF TITLE (TCT.) NO. 37964

“a parcel of land (Lot A of the subdivision plan (LRC) sd-18231, being

a portion of the land described on plan Psu-15661, LRC (GLRO) Roc
No. 19111), situated in the Poblacion, municipality of Tayug,
Province of Pangasinan, Island of Luzon. Bounded on the NE., points
1 to 2 by property of Angel Magpali; on the SE., points 2 to 3 by Lot B;
on the SW., points 3 to 4 by Lot D (road); both of the subdivision plan;
and on the NW., points 4 to 1 by property of Benigno Espique… xxx
containing an area of ONE HUNDRED FORTY FIVE(145) square
meters, more or less...xxx”

That my mother, Mrs. Gloria T. Balingao , entered into a Deed of Absolute Sale
with Pacto de Retro Sale with Mrs. Borja, over her above described parcel of land duly
notarized before Notary Public Atty. Dalmacio S. Miranda Sr.,, duly registered in the
Notarial Register as Doc. No. 154; Page No. 32; Book No. XIII; Series of 1992, in the
amount of Ten Thousand (Php10,000.00) Pesos;

That said Deed of Absolute Sale with Pacto de Retro Sale was annotated in the
face of the Title of the said parcel of land. However, no petition for consolidation of
ownership of real property was filed before the regular court involving the said Deed;

That having this date received the full amount of THREE HUNDRED FIFTY
THOUSAND PESOS (Php350,000.00), Philippine Currency, from Mrs. DESIREE MARIE
ARELLANO VALDEZ, one of the compulsory and legal forced heirs of the deceased
owner, Mrs. Borja, which is in full and complete settlement of the obligation secured by
the said deed, I do hereby forever RELEASE, DISCHARGE, AND CANCEL the
aforementioned Deed of Absolute Sale with Pacto de Retro Sale thru this Deed of
Reconveyance covering the said parcel of land;

IN WITNESS WHEREOF, I have hereunto set my hand this

__________________________ in Agoo, La Union, Philippines.

JESUSA TESORO MADRIAGA DESIREE MARIE ARELLANO VALDEZ

HEIR OF MRS. GLORIA T. BALINGAO HEIR OF MRS. VICTORIANA BORJA
TRANSFEROR SSS ID NO. 01-1583213-4

SIGNED IN THE PRESENCE OF:

_________________________ __________________________________
 ACKNOWLEDGMENT
Republic of the Philippines )
Province of La Union ) S.S.
Municipality of Agoo )
x----------------------------------------------x

BEFORE ME, NOTARY PUBLIC for and in the Province of La Union, personally
appeared the following persons who have satisfactorily proven to me their respective
Identifications.

That they are the same persons who executed and voluntary signed the
foregoing deeds, which they acknowledged before me as their own free and voluntary
act and deed.

This instrument, consisting of two (2) pages, including the page on which this
acknowledgment is written, has been signed on the margin on each and every page
thereof by the parties and their instrumental witnesses, and sealed with my notarial seal.

WITNESS MY HAND AND OFFICIAL SEAL this _____ day of ________________, at

Agoo, La Union, Philippines.

ATTY. HAROLD PALATTAO ESTACIO

Notary Public until December 31, 2020
Aspiras Bldg., Consolacion, Agoo, La Union
Roll No. 72000; 06.13.18
IBP OR No. 097473; 12.13.19
PTR OR No. 7369484; 01.02.2020
IBP-La Union Chapter
TIN No. 217-113-135
MCLE Compliance No. VI-0028965; 10.07.19

Doc. No. _______

Page No. ______

Book No. _______

Series of 2020