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Cancellation of Pacto de Retro Sale
Cancellation of Pacto de Retro Sale
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:
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 THOUSAND PESOS
(Php300,000.00), 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;
_________________________ __________________________________
ACKNOWLEDGMENT
Republic of the Philippines )
Province of La Union ) S.S.
Municipality of Agoo )
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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.
Series of 2020