Extra Judicial Settlement
Extra Judicial Settlement
Extra Judicial Settlement
RELINQUISHMENT of RIGHTS
I. PERSONAL PROPERTY
Bank Statement and Bank Book under the name of the Decedent is
hereto attached and made integral parts hereof, respectively, as
Annexes “B” and “C”.
2. Motor Vehicle – Toyota Hilux Pick Up, said motor vehicle being
more particularly described as follows, to wit:
Make : Toyota Hilux
Type : Pick Up
Mode : 2021
Plate Number : 120129
Engine Number : J13S-FB12401
Chassis Number : PL1MJF-10303
Official Receipt, and Certificate of Registration of the motor vehicle in the
name of the Decedent are hereto attached and made integral parts hereof,
respectively, as Annexes “D” and “E”.
5. That the parties executed this Extrajudicial Settlement shall file in the
office of the Register of Deeds; a bond to be posted with the register
of deeds, in an amount equivalent to the value of the personal
property involved as certified to under oath by the parties concerned
and conditioned upon the payment of any just claim that may be
filed under section 4 of Rule 74 of the Rules of Court;
8. In the remote event that any other property of the decedent should
ever be found which is not included hereinabove, the HEIRS hereto
further agree as they do so agree to settle and distribute the same in
like manner and proportion as herein established and disposed.
9. That the HEIRS hereby covenant and further warrant that should
there be preterition or omission of one, some, or all the compulsory
heirs in the direct line, whether living or not at the time of the
execution of this Deed, will not invalidate/nullify the terms and
conditions of this Deed. Instead, the HEIRS shall proportionately
oblige themselves to pay to the omitted Heirs or the latter’s’ heir(s)
the share which belongs to him/them, in accordance with the rules of
succession under the Civil Code of the Philippines.
________________________ _______________________
MANUEL LAZARO LETICIA LAZARO- LEWIS
________________________ ________________________
JOSE GABRIEL LAZARO CARMEN LAZARO
ACCEPTED:
__________________________
CARIDAD LAZARO
__________________________ _________________________
ACKNOWLEDGEMENT