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WITNESSETH:
That the parties herein are the registered co-owners of three (3) parcels of land
known as Lot Nos. 6511, Cad. 903-D, consisting of One Thousand One Hundred
Seventy One (1,171) square meters, more or less; Lot 6518, Cad. 903-D, consisting of
Two Thousand One Hundred Thirty Two (2,132) Square meters, more or less; and Lot
6507, Cad. 903-D, consisting of Two Thousand Nine Hundred Eighty Three (2,983)
square meters, more or less; all located in barangay Balili, Valencia, Negros Oriental
covered by only one Title, Original Certificate of Title No. 9708;
That the herein parties are first cousins and in reality the aforementioned three (3)
parcels of land should have been awarded to the GRANTEES only because the Grantors
had already shared the portion of land adjacent to Lot No. 6507 situated in Balili,
Sibulan, Negros Oriental, commensurate to the shares of the grantees;
That the parties herein had already made a verbal agreement regarding this parcels
of land awarding these three parcel of lands to the grantees, however for formality and
convenience and that for and in consideration of the sum of ONE HUNDRED PESOS
(Php100.00), Philippine Currency in hand paid by GRANTEES; and receipt in full is
hereby acknowledged by the grantors herein to their entire satisfactions and that by virtue
of this presents, the grantors, do hereby WAIVED all their rights, interests and QUIT all
their CLAIMS over the said three parcels of land and all of the improvements found
therein, in favor of Isidro Banquerigo and Eufronio Banquerigo, their heirs and assigns,
free from all liens and encumbrances
That parties herein declares that the aforementioned parcels of land are not
tenanted nor worked upon by an agricultural lessee for they are the ones in possession
and cultivating the said parcels of land;
1.________________________________ 2. ___________________________
- m o r e -
Deed of Quit Claim and Waiver of Rights over Lots Nos. 6511, 6518 & 6507, Page (2).
ACKNOWLEDGMENT
WITNESS MY HAND AND SEAL on the date, month, year and place first
above-written.