REPUBLIC OF THE PHILIPPINES
OFFICE OF THE CITY SHERIFF
REGIONAL TRIAL COURT
FIRST JUDICIAL REGION
BAGUIO CITY
BAGUIO MARKET VENDORS MULTI-PURPOSE COOPERATIVE (BAMARVEMPCO)
Mortgagee,
-versus-
LUIS V. OLAIS
Mortgagor.
FORE. CASE NO. 16-688-S
FOR: EXTRA-JUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE
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SHERIFF’S NOTICE OF AUCTION SALE
Upon petition for sale under Act 3135, as amended by Act. 4146 filed by BAGUIO MARKET VENDORS MULTI-PURPOSE COOPERATIVE (BAMARVEMPCO), hereinafter referred to as the MORTGAGEE, executed on October 2, 2012 by LUIS V. OLAIS of No. 40 New Lucban, Baguio City, hereinafter referred to as the MORTGAGOR, to secure his mortgage obligation which as of September 24, 2016, amounts to ONE MILLION ONE HUNDRED THIRTY THREE THOUSAND SEVEN HUNDRED THIRTY TWO AND 84/100 (1,133,732.84) PESOS, excluding expenses of foreclosure proceedings, the undersigned Sheriff, will well at public auction on January 26, 2017 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice Lobby, Baguio City, and all the improvements existing thereon and more particularly described as follows:
HOWEVER, if any reason/s the auction sale on January 26, 2017 will not push through, then notice is hereby given that the auction sale will proceed on February 9, 2017, also at 10:00 in the morning at the same place as indicated above without need of a separate notice.
TRANSFER CERTIFICATE OF TITLE NO. T-78705
“A parcel of land (Lot 2-D-2 of the subd. plan (LRC) Psd-327335, approved as a non-subdivision project, being a portion of Lot 2-D, (LRC) Psd-23192; L.R.C. Record No. F. Pat. No. 236), situated in the Barrio of Res. Sec. “J” (now), Baguio City, Island of Luzon. Bounded on the NE., points 2-3, by Boyok River; on the SE., points 3 to 4, by Lot 2-D-3, on the SW., points 4 to 1, by Lot 2-D-9 (Road); and on the NW., points 1 to 2, by Lot 2-D-1, all of the subd. plan. Beginning at a point marked x x x to point of beginning; containing an area of THREE HUNDRED (300) SQUARE METERS. More of less (complete technical description found in the title)
Prospective bidders may investigate the Title, rights and improvements of the property with regards to encumbrances, if any there be.
Baguio City, Philippines, this 12th day of December, 2016.
(SGD) ATTY. LINDA G. MONTES-LOLOY
Clerk of Court VI
& Ex-Officio City Sheriff
(SGD) BOBBY D. GALANO
Sheriff IV
WARNING: it is absolutely prohibited to remove, deface or destroy this Notice of Sale on or before the date of sale under the penalty of law.
Publication Dates: Dec. 17, 24 and 31, 2016
