Notice of Extrajudicial Foreclosure

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October 12, 1998

NOTICE OF EXTRAJUDICIAL FORECLOSURE

Dear Sir/Maam,
You are hereby notified that the properties covered by TCT o. T-15000 and TCT o.. T-
15002 you are occupying is due for extrajudicial foreclosure.
Under the Loan Agreement between Callawa Organization for People with Difficult
Experiences Foundation (CODE) and Panacan Landless Association (PAN) covered by the
promissory note duly executed for the purpose, as a security, a Real Estate Mortgage was
executed covering the said lots.
In lieu of the default in payment of PAN, the following lots are hereby set for
extrajudicial foreclosure:

Technical Description

TCT o. T-15000

“Beginning at a point marked “1” on plan being N. 37deg.


09’W.,2085.81 m. from BLLM No. 03, Cad. 174 thence..........

S. 89 deg. 56’ W., 11.88 m. to pint 2


N. 00 deg. 04’ W., 18.93 m. to point 3
N. 00 deg. 03’ W., 18.96 m. to point 4
N. 89 deg. 59’ E., 11.88 m. to point 5
S. 00 deg. 04’ E., 37.88 m. to point of beginning.

Containing an area of THIRTY THOUSAND FOUR HUNDRED


SEVENTY-TWO (30,472) SQUARE METERS, more or less. All points
referred to are indicated on the plan and are marked on the ground as
follows: All points by P”.S” cyl. Conc. Mons. 15 x 50 cms. Bearings true...”
TCT o. T-15002

“Beginning at a point marked “1” on plan being N. 37deg.


09’W.,2085.81 m. from BLLM No. 03, Cad. 174 thence..........

S. 89 deg. 56’ W., 11.69 m. to pint 2


N. 00 deg. 04’ W., 18.01 m. to point 3
N. 00 deg. 03’ W., 18.01 m. to point 4
N. 89 deg. 59’ E., 11.88 m. to point 5
S. 00 deg. 04’ E., 37.88 m. to point of beginning.

Containing an area of THIRTY THOUSAND (30,000) SQUARE METERS,


more or less. All points referred to are indicated on the plan and are
marked on the ground as follows: All points by P”.S” cyl. Conc. Mons. 15 x
50 cms. Bearings true...”

You are hereby requested to file your answer or opposition regarding the matter.

Sincerely,

Michael C. Jaskier
Chairman
Callawa Organization for People with Difficult Experiences Foundation (CODE)

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