Republic of the Philippines
REGIONAL TRIAL COURT
FIRST JUDICIAL REGION
OFFICE OF THE CLERK OF COURT
La Trinidad, Benguet
RURAL BANK OF ITOGON (BENGUET), INC
Petitioner-Mortgagee,
-Versus-
RAMILO BALANBAN married to EVELYN B. BALANBAN,
Respondents-Mortgagors
Case No.
15-EXF-1811
For:
EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE UNDER ACT 3135, AS AMENDED
NOTICE OF SHERIFF’S PUBLIC AUCTION SALE
Upon extrajudicial petition for sale under Act No. 3135 Filed by Petitioner-Morgagee, RURAL BANK OF ITOGON (BENGUET), INC., duly organized and existing under and by virtue of the laws of the Republic of the Philippines, with principal place of business at 1993 Public Market Bldg., Km. 5 Pico, La Trinidad, Benguet, Philippines, against herein Respondents Mortgagors, RAMILO BALANBAN married to EVELYN B. BALANBAN, both of legal ages, Filipino Citizens and with residence and postal address at Bahong, La Trinidad, Benguet, Philippines, to satisfy the mortgage indebtedness which as of January 30, 2015, the mortgagors have an accumulated obligation to the mortgagee in the total amount of SIX HUNDRED SIXTY TWO THOUSAND ONE HUNDRED EIGHTY PESOS (662,180.00), Philippine currency, excluding interests and penalties, filing fees, publication, attorney’s fees and other expenses to be incurred relative to this foreclosure sale, the undersigned or his duly authorized deputy will sell at public auction on April 23, 2015 at 11:30 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:
TRANSFER CERTIFICATE OF TITLE NO.
016-2011002454
“A parcel of land (Lot 1-D-1), Psd-CAR-019236) being a portion of Lot 1-D, Psd- 1-05554; situated at rurban code 131110, Barangay of Bahong, Municipality of La Trinidad, Province of Benguet, Island of Luzon. Bounded on the NE., along lines 1-2-3 by lot 1-G, Psd-1-05554; along line 3-4 by lot 1-J, Psd-1-05554 along 4-5 by an existing road (10.00 m. wide) portion of Lot 1-J, Psd-1-05554; on the SE., along line 5-6 by road; on the SW., along line 6-7 by an existing road (10.00 m. wide) portion of lot 1-D-2 of the subd. plan; along line 7-8 & W., along line 8-9 & N., along line 9-1 by Lot 1-D-2 of the subd. plan. Beginning at point marked “1” on plan being N.07 Deg. 01 min E., 388.91 m. From BLBM# 2, Takian, La Trinidad, Benguet, to corner 1, thence, S. 03 Deg. 42 Min. W., 11.78 M to point 2; S.88 Deg., 55 min. E., 3.17 M. to point 3; S.13 deg., 22 min E., 10.75 m. to point 4; S. 13 Deg. 22 min E., 10.59 m. to point 5; S. 57 Deg. 33 M, W., 10.96 m. to point 6; N.17 Deg 46 min. W., 10.34 m. to point 7; N. 17 Deg. 46 Min. W., 18.03 m. point 8; N. 06 Deg.09 Min. E., 12.50 M. to point 9; S. 83 Deg. 53 Min. E., 9.28 m. to point of beginning, containing an area of FOUR HUNDRED (400) SQUARE METERS, more or less.”
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 property 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 May 26, 2015 at the same time and place without further notice.
Done this 24th day of March 2015, at La Trinidad, Benguet, Philippines.
FOR THE PROVINCIAL SHERIFF
EX-OFFICIO OF BENGUET
(SGD)
WHINSTON P. DULAWAN
Sheriff IV
Publication Dates: March 28, April 4, and 11, 2015
