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CANCELLATION AND DISCHARGE OF MORTGAGE

The Real Estate Mortgage by and between Robert Balinon and Heidi Monayao
over a residential house and lot covered and embraced by ARP No.94-01011-00526
located at Natuwolan, Cudog, Lagawe, Ifugao is hereby cancelled by virtue of the return
of the amount of FIFTY THOUSAND PESOS (P50,000.00) in cash paid by Robert
Balinon to Heidi Monayao.

This 16th day of July 2003 at Lagawe, Ifugao, Philippines.

HEIDI MONAYAO ROBERT BALINON


CTC NO. 06385690 CTC NO. 06377768
Issued on 01-06-03 Issued on 01-06-03
Issued at Lagawe, Ifugao Issued at Lagawe, Ifugao

SUBSCRIBED AND SWORN TO before me this 16th day of July 2003 at


Lagawe, Ifugao, Philippines.

MARIBAS L. HABAWEL
Notary Public
Until December 31, 2003
PTR NO. 2659055;01-09-03
Lagawe, Ifugao
Doc. No.302
Page No. 61
Book No. I
Series of 2003

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