CANCELLATION OF MORTGAGE

KNOW ALL MEN BY THESE PRESENTS:

WHEREAS, by a certain instrument in writing, made and executed at

Zamboanga City, Philippines, on May 12, 2005 by KUMALA AMIL MENDOZA
(mortgagor), mortgaged to MAJO CHORDS LENDING IVESTOR INC., a corporation
duly organized and existing in accordance with the laws of the
Philippines, with principal office at 2nd Floor, Park Pavillon Building
La Purisima Street, Zamboanga City, Philippines, herein represented by
______________________, (mortgagee), of legal age, Filipino,
single/married, and a resident of ______________, Zamboanga City, the
real property covered by TCT-173,518 for the sum of forty Eight Thousand
(P48, 000.00) Pesos;

WHEREAS, the mortgagor certify that the above mortgage and the
debt secured by such mortgage are fully paid, and that the mortgage is
fully and forever released from the property described therein;

WHEREAS, the mortgagor release to the person or persons legally

entitled thereto all right, title and interest that the undersigned may
have acquired in and to the property by reason of such mortgage;

NOW THEREFORE, for and in consideration of the above premises, the

mortgagee herein fully and forever release and cancel the said mortgage
and authorize or direct the office of the Register of Deeds for Zamboanga
City to discharge and cancel the mortgage of record.

IN WITNESS THEREOF, the party hereto set his hand this ___________
day of ________________, at Zamboanga City, Philippines.

______________________
Mortgagee

SIGNED IN THE PRESENCE OF:

____________________ ____________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF ZAMBOANGA )s.s.
x- - - -- - - - - - - - - - - - - - - - - - - - - - -x

BEFORE ME, in the City of Zamboanga, Philippines, this _________

day of _________________, personally appeared;

Name: Com. Tax Cert. No./ Valid ID Issued on/Issued at

1.

known to me and to me known to be the persons who executed the foregoing

instrument and acknowledge to me that the same is his voluntary act and
deed.

The forgoing instrument, consisting of this page, this

acknowledgment is written refers to CANCELLATION OF MORTGAGE signed by
the party and his instrumental witnesses on this page hereof.

WITNESS MY HAND AND SEAL.