ALICIA U. TIBAY -v e r s u s- SPS. RICARDO & LINDA PALOME

Republic of the Philippines
REGIONAL TRIAL COURT
FIRST JUDICIAL REGION
OFFICE OF THE CLERK OF COURT
La Trinidad, Benguet

ALICIA U. TIBAY
Petitioner-Mortgagee,

-v e r s u s-

SPS. RICARDO & LINDA PALOME,
Respondents -Mortgagors,
x- – – – – – – – — – – – – – – – – – – – – – – – x

NOTICE OF SHERIFF’S PUBLIC AUCTION SALE

Upon extra-judicial petition for sale under Act No. 3135 filed by Petitioner-Mortgagee, ALICIA U. TIBAY, Filipino, of legal age, married, and a resident of Lower Fairview, Baguio City, against herein Respondents-Mortgagors, SPOUSES RICARDO and LINDA PALOME, both of legal age, Filipino Citizens, and residents of Ucab, Itogon, Benguet, Philippines, to satisfy the mortgage indebtedness which as of 22 July 2015, the date wherein petition was filed, the mortgagors has an accumulated obligation to the mortgagee in the total amount of TWO HUNDRED NINETY SEVEN THOUSAND SIX HUNDRED THOUSAND PESOS (Php 297, 600.00), Philippine currency, including 10 months interest, penalties, liquidated damages, past due interest, attorney’s fee representing 20% of the total obligation due, other charges and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 24 September 2015 AT 11:00 IN THE MORNING, at the main entrance of the BULWAGAN NG KATARUNGAN, Justice Hill, La Trinidad, Benguet to the highest bidder, for cash or manager’s check and in Philippine currency, the real property, together with all existing improvements, with the following description, to wit:

Location: Ucab, Itogon, Benguet

LAND
Classification Area Market Value Actual Use
Agr’l .4500 has. P48,530.00 Camotal (3)
Res’l 273 sq. m. Res. Lot (R-4)

BOUNDARIES
North: Silvino Palome South: Silvino Palome
East: Silvino Palome West: Silvino Palome

BUILDING
Classification Area Market Value Actual Use
Residential 30 sq. m. P162,300.00 Res. House

All sealed bids must be submitted to the undersigned on the above-stated time and date. Prospective buyers/bidders may investigate the above-described real properties regarding the encumbrances thereof, if any.

In the event the public auction should not take place on the said date, it shall be held on October 21, 2015 at the same time and place without further notice.

Done this 20th day of August 2015, at La Trinidad, Benguet, Philippines.

FOR THE PROVINCIAL SHERIFF
EX-OFFICIO OF BENGUET

(SGD) WHINSTON P. DULAWAN
Sheriff IV
Publication Dates: August 22, 29, and Sept. 5, 2015