D EED OF G RANT OF U SUFRUCTUARY R IGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Grant of Usufructuary Rights entered into by and

between:

RYLAI CRESTFALL, of legal age, Filipino, single,

and a resident of Bacolod City, Philippines,
hereinafter referred to as the " GRANTOR";

- and -

KARDEL SHARPEYE, of legal age, Filipino,

married, and a resident of Bacolod City,
Philippines, (hereinafter referred to as the "
GRANTEE");

WITNESSETH that

WHEREAS, the GRANTOR is the true and registered owner of a

certain parcel of land situated at Barangay Villamonte, Bacolod City,
Philippines, more particularly described as follows:

Transfer Certificate of Title No. T-786563

A parcel of land (Lot 2442 of the Cadastral Survey of Bacolod), with

the improvements thereon, situated in the City of Bacolod. Bounded
on the N., and NE., by Lot No. 2441; on the SW., by Lot 2444; and on
the W., by Lot No. 2444; and on the W., by Lot 2443. xxx containing an
area of THREE THOUSAND FIVE HUNDRED AND EIGHTY-THREE
(3,583) Square Meters, more or less.

WHEREAS, the GRANTOR desires to give to the GRANTEE the

right of usufruct over the said real property with the latter having the
full right to the use and enjoyment of the fruits of the property in return
for his assuming the obligation to preserve the property during the
term of the usufruct.

NOW THEREFORE, for and in consideration of the mutual

agreements, covenants and stipulations hereinafter set forth, the
GRANTOR hereby transfers and conveys unto the GRANTEE by way
of USUFRUCT the aforedescribed parcel of land, subject to the
following terms and conditions:
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Deed of Grant of Usufructuary Rights
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1. This grant of Usufruct shall be valid and binding during the

lifetime of the GRANTEE and his descendants subject to the
condition that they shall actually be in possession and residing
in the premises covered by the grant;

2. The GRANTEE shall pay and be liable for all taxes, licenses,
permits, duties, levies and such other charges as the Government
or any of its instrumentalities and agencies may impose by
reason of and arising out of this agreement and its
implementation, including the real property taxes;

3. The GRANTEE may build and construct any building or

improvement on the property subject of this grant provided that
the GRANTEE hereby agrees and binds himself to insure at his
expense the building, furnishing and equipment built or placed
thereon against loss by fire, typhoon, flood or other similar
natural events. In no case shall the GRANTOR be liable for any
loss, damage or injury that may arise by reason of the use and
enjoyment of the fruits of said property by the GRANTEE;

4. The GRANTEE shall defray all expenses for building and

maintenance including cost of power, water, telephone and other
utilities attached, connected or related to the operation of the
improvement introduced on the property subject of this
agreement;

5. The GRANTEE shall, at his own expense, make all necessary

repairs to keep the premises and all its equipment and facilities
from deteriorating in value or condition during the term of the
grant;

6. The GRANTEE shall not lease any part or portion of the premises
or the whole thereof, without the express consent of the
GRANTOR;

7. The GRANTOR hereby covenants with the GRANTEE that the

latter shall peaceably hold and enjoy the full use and possession
of the premises during the period of the grant. The GRANTEE,
her representatives, agents and employees shall have complete
and unimpeded access to and from the premises at any time;
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Deed of Grant of Usufructuary Rights
x-------------------------x

8. The GRANTOR may immediately recover possession the

aforedescribed real property, including all permanent structures
and improvements introduced thereon, without obligation to
reimburse the herein GRANTEE, and terminate the usufruct
should the GRANTEE violate any of the provisions of this Deed
or fail to comply with its obligations as a usufructuary as
provided in the New Civil Code of the Philippines, the
applicable provisions of which are incorporated herein and
deemed part of the provisions of this Deed.

IN WITNESS WHEREOF, the parties have hereunto affixed their

signatures this ____________________ in Bacolod City, Philippines.

RYLAI CRESTFALL KARDEL SHARPEYE

Grantor Grantee

SIGNED IN THE PRESENCE OF:

____________________ ____________________
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Deed of Grant of Usufructuary Rights
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ACKNOWLEDGMENT

Republic of the Philippines )

City of Bacolod ) S.S.
x--------------------x

BEFORE ME, a Notary Public for and in the City of Bacolod,

personally appeared, RYLAI CRESTFALL with Community Tax
Certificate No. _______________ issued on _______________ at
_______________, and KARDEL SHARPEYE with Community Tax
Certificate No. _______________ issued on _______________at
_______________, both whom I have identified through competent
evidence of identity and who represented to me that their respective
signatures on the foregoing instrument were voluntarily affixed by them
for the purposes stated in the instrument and who declared that they
have executed the foregoing instrument as their free and voluntary act
and deed.

This Instrument consists of only four (4) pages, including this

page in which this acknowledgment is written, duly signed by the
parties and their instrumental witnesses on each and every page
hereof.

WITNESS MY HAND AND SEAL this ____________________

in Bacolod City, Philippines.

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of 2016.