REPUBLIC OF THE PHILIPPINES
REGIONAL TRIAL COURT
FIRST JUDICIAL REGION
OFFICE OF THE EX-OFFICIO SHERIFF
SUMMIT BANK (RURAL BANK OF TUBLAY, (BENGUET), INC.)
CIVIL CASE NO. 5870-R
NOTICE OF SALE ON EXECUTION OF REAL PROPERTY
WHEREAS, on November 10, 2016, the Honorable Court, Regional Trial Court, Branch 60, Baguio City issued a Writ of Execution in the above-entitled case against defendant Theresa Figueras to pay plaintiff bank the amount of Php 32,236,009.90 plus basic interest of 22% and penalty rate of 12% and in case the defendant fails to pay the amount due, the mortgage property subject matter of the above-entitled case shall be foreclosed;
WHEREAS, the Writ of Execution was served to defendant Theresa Figueras with demand that she comply with the decision of the Honorable Court in the above-entitled case in favor of plaintiff bank, however, she failed, hence, on March 31, 2017, levy was made upon all rights interest, title and participation which defendant Theresa Figueras has or have over that real property subject matter of the above-entitled case which is also the subject of the Real Estate Mortgage dated April 10, 1999 in favor of plaintiff bank, the real property together with all existing improvements thereon is particularly described as follows:
KATIBAYAN NG ORIHINAL NA TITULO Blg. P-2204
Registry of Deeds, Baguio City
“A parcel of land (Tsi-131102-222). Beginning at a point marked “1” of Tsi-131102-222, Res. Sec “C”, South Drive, Baguio City, being S., 21-11 W., 36.56 m. from Triangulation Station “Noble” Baguio Townsite: x x x x x. Containing an area of FOUR HUNDRED SEVENTY SIX (476) SQUARE METERS. All points are marked on the ground by B.L. Cyl. Conc. Mons. 15x 40 cms.” (Complete technical description appears in the title)
NOW, THEREFORE, by virtue of the said Writ of Execution and in accordance with Section 3, Rule 68 and the provisions of Rule 39 of the 1997 Rules of Civil Procedure, as amended, the Ex-Officio Sheriff through the undersigned will SELL at public auction to the highest bidder for CASH and in PHILIPPINE CURRENCY on May 30, 2017 at 10:00 o’clock in the morning or soon thereafter at the lobby of the main entrance of the Hall of Justice Building, Baguio City the real property above-described in order to satisfy the said Writ of Execution together other legal fees and expenses incidental to the execution proceedings.
Prospective buyers/bidders are hereby enjoined to investigate for themselves the property and its encumbrances thereon, if there be any, for their protection and guidance.
Baguio City, Philippines, April 28, 2017.
FOR THE EX-OFFICIO SHERIFF:
By: (SGD) DELFINE E. ARIAGA
Publication Dates: May 6 and 13, 2017