Cancellation and Discharge of Mortgage

KNOW ALL MEN BY THESE PRESENTS:

That the RURAL BANK OF PILAR (BATAAN), INC.  the mortgage named in that certain real estate/chattel mortgage executed in its favor by Sps Manuel and Rachelle Banzon on April 26, 2001 duly registered in the Office of the Register of Deeds of Bataan on ______ on Page No. 33 Entry No. 415310 Inscription No ____________ File No. 5914 Vol.No. _________ Doc. No. 159; under Act No. 3344, the Spanish Mortgage Law having received the full consideration named as the condition of said Mortgage does hereby release and discharge the same, and (And does hereby forever authorize the Register of Deeds of Bataan, to endorse this cancellation upon Transfer Certificate of Title No. T-148247 to this Office, upon corresponding record book).

Executed at Pilar, Bataan, Philippines, this 31th day of May 2005.

RURAL BANK OF PILAR (BATAAN (, INC.
BY: CYNTHIA P. RODRIGUEZ
VP/Manager

JOSEPH P. ESPIRITYU
Name and Signature of Witness

CHRISTINE J. LORENZO
Name and Signature of Witness

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)
PROVINCE OF BATAAN
MUNICIPALITY OF BALANGA

At the locality above-mentioned, this _____ day of ________, 2005 personally came and appeared before me CYNTHIA P. RODRIGUEZ, VP/MANAGER of RURAL BANK OF PILAR (BATAAN), INC., with Community Tax Certificate No. _____ 06918819 issued at Pilar, Bataan on 01-04-05 known to me and to me known to be the same person who executed the foregoing instrument and acknowledge to me that the same is free and voluntary act and deed of the bank represented by her.  This instrument refer to the cancellation of real/chattel mortgage of One (1) parcel/s of land and consists of one (1) page which has been signed by the Mortgage and its witnesses and sealed with my notarial seal.

NOTARY PUBLIC
Until December 31, 20 __
PTR No.

Doc. No. _____
Page No. _____
Book No. _____
Series of  _____