Extra-Jucial Settlement With Absolute Deed of Sale

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The document details an extra-judicial settlement of an estate involving the sale of a parcel of land from heirs to buyers.

The document is about an extra-judicial settlement of the estate of Marte N. Castillo and the sale of a parcel of land located in Northfields Subdivision, Longos, Malolos City covered by Transfer Certificate of Title No. 64810 to buyers Francis Noel R. Capili and Jennifer C. Capili.

The property being sold is a parcel of land located in Northfields Subdivision, Longos, Malolos City covered by Transfer Certificate of Title No. 64810 containing an area of TWO HUNDRED FIVE (205) SQUARE METERS.

EXTRA-JUDICIAL SETTLEMENT OF ESTATE

WITH ABSOLUTE DEED OF SALE

KNOW ALL MEN BY THESE PRESENTS:

This Extra-Judicial Settlement of Estate with Absolute Deed of Sale made and entered into
this ____ day of ______________ 2020, in ___________________, Philippines, by and between:

ARSENIA CRUZ-CASTILLO, widow of Marte N. Castillo, of legal age, Filipino, and a


resident of Taal, Pulilan, Bulacan;

MA. MARCI CASTILLO-CRUZ, married to Enrique B. Cruz, of legal age, Filipino, and
a resident of 913 Old Cagayan Valley Road, Longos, Pulilan, Bulacan;

SANTIAGO C. CASTILLO, married to Maria Teresa SJ. Castillo, and a resident of 11


Francisco St., Taal, Bocaue, Bulacan;

Collectively referred to as the "HEIRS"

- and –

Spouses FRANCIS NOEL R. CAPILI and JENNIFER C. CAPILI, both Filipino and of legal
age, with residence address at 11 Ligaya St., Serrano Subd., Valenzuela City.

Hereinafter referred to as the "BUYER".

WITNESSETH: THAT

WHEREAS, the HEIRS are the and legitimate children and compulsory heirs of the
deceased, MARTE N. CASTILLO, who died on the 22nd day of August 2011 at the Philippine Heart
Center in East Avenue, Quezon City;

WHEREAS, said deceased died intestate, without will or testament and without any
outstanding debts in favor of any person or entity;

WHEREAS, the HEIRS executed the Deed of Extra-Judicial Settlement of Estate dated 06
June 2012 at Quezon City, notarized before Notary Public Jasmin R. Fiel, per Doc No. 54; page No.
1; Book No. 1; Series of 2012, a copy of which is hereto attached;

WHEREAS, one of the properties is a parcel of land located at Northfields Subdivision,


Longos, Malolos City, covered by Transfer Certificate of Title No. 64810, of the Registry of Deeds
of Guiguinto, Bulacan and more particularly described as follows, to wit:

TCT No. 64810

“A parcel of land (Lot 24, Blk. 1of the cons. subd. plan, Pcs-031410-005320, being
a portion of the cons. of Lot 3128, 3132, 3137, 3141, 3144, Malolos Cad. Lot3146-
A of Longos, Mun. of Malolos, Prov. of Bulacan. Bounded on the SW. along line 1-
2 by Road Lot 1-B; on the NW. along 2-3 by Lot 23, Blk. 1, both of the cons. subd.
plan; on the NE. along line 3-4 by Lot 3088, Malolos Cad. And on the SE. along line
4-1 by Lot 25, Blk. 1 of the cons. subd. plan. Beginning at a point marked “1” on
plan, being S. 34 deg. 09’W/. 796.74 m. from MBM 4, Malolos Cad. S. 34 deg. 31’N
11.51 m. to pt. 2; N. 61 deg. 5’W., 19.75 m. to pt. 3; N. 48 deg. 4’E., 11.52 m. to pt.
4; S. 62 deg. 59’E ., 17.11 m. to the point of beginning; containing an area of TWO
HUNDRED FIVE (205) SQUARE METERS, more or less….”

WHEREAS, pursuant to Sec. 1 Rule 74 of the Revised Rules of Court of the Philippines, and
the parties herein being all of age, and with full capacity to contract, we do hereby adjudicate
unto ourselves the parcel of land described above, pursuant to the terms agreed upon in the
Deed of Extra-Judicial Settlement of Estate dated 06 June 2012;

FURTHER, for and in consideration of the amount of THREE HUNDRED SEVEN THOUSAND
FIVE HUNDRED (Php307,500.00), the receipt hereof is hereby acknowledge in full from the
BUYER, we do hereby SELL, TRANSFER, CONVEY AND DELIVER, by way of ABSOLUTE SALE, unto
the BUYER, his heirs, assigns, executors, and administrators and successors-in-interest, the above
described parcel of land free from any lien and encumbrance whatsoever except the Deed of
Restrictions imposed thereon as provided herein:

That the other terms and conditions of this Deed of Absolute Sale are as follows:

1. RESTRICTIONS: - That the lot covered by this Deed shall be subject to the restrictions
provided in "Annex A" hereof, a copy of which restriction is attached hereto and made an integral
part hereof. and shall be annotated on the Transfer Certificate of Title of the above property.

2. TAXES AND ASSESSMENT: - Real Estate taxes and other government assessments due
on the property subsequent to the full payment of the purchase price shall be paid by the BUYER.

3. INVESTIGATION OF THE PREMISES: - That the BUYER hereby makes manifest and
represents that he has investigated the premises, subject matter of this contract and that he has
found the same to be satisfactory and further that he has found no squatter whatsoever therein.

4. DOCUMENTATION AND REGISTRATION EXPENSES: - Documentary stamps tax,


withholding tax, value-added tax, transfer tax and other related taxes and expenses due and
payable including the capital gains tax in connection the transfer of the title of the property
herein sold, shall be for exclusive account of the BUYER.

We hereby affirm that we have executed the foregoing instruments out of our own
voluntary free will, without any force, intimidation or violence made upon our person;
IN WITNESS WHEREOF, we have hereunto affixed our signature at the place and on the
date first above-written.
THE HEIRS OF MARTE N. CASTILLO:

ARSENIA CRUZ-CASTILLO
TIN: 206-564-452

MA. MARCI CASTILLO-CRUZ SANTIAGO CRUZ-CASTILLO


TIN: 111-151-207 TIN: 147-644-755
BUYER:

FRANCIS NOEL R. CAPILI JENNIFER C. CAPILI


TIN: 300-332-868 TIN: 915-120-006

Signed in the presence of:

JIAN CARLO S.J. CASTILLO JINKY GUBALLA

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES )


CITY OF ) SS.

SUBSCRIBED AND SWORN to before me, a Notary Public for and in the City of
___________________, this ______ day of ____________, by the above-named persons who
exhibited to me the following competent evidence of identification, as follows:

Name Competence Evidence of Identity


Arsenia Cruz-Castillo Driver's License No. C08-65-003448 issued March 7, 2018
Ma. Marci Castillo-Cruz Driver's License No. C08-83-019780 issued ____________
Santiago Cruz-Castillo Driver's License No. C08-79-001147 issued ____________
Francis Noel R. Capili Driver's License No. C0-2-95-045523 issued Dec. 16, 2018
Jennifer C. Capili Driver's License No. ____________ issued ___________

Known to me to be the same persons who executed the foregoing instrument entitled
EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE, and they have acknowledged
to me that the same is their free and voluntary act and deed.

The foregoing instrument which relates to the Extra-Judicial Settlement of Estate with
Absolute Sale consisting of three (3) pages including this page on which this acknowledgement is
written, has been signed on the left margin of each and every page by the parties and the
witnesses.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal on the
date and at the place first-above written.

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of 2020.

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