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WITNESSETH that –
WHEREAS, the GRANTOR is the current, true and lawful owner of a certain
parcel of land with a House/Building situated at Brgy. San Agustin, Digos City,
Davao del Sur pursuant to a document known as “Waiver of Rights” executed
before the faith of Notary Public ATTY. CARLO MARTIN D. MARTEL and
denominated as Doc. No. 409; Page No. 82; Book No. 05; Series of 2017, more
particularly described as follows:
WHEREAS, the GRANTOR desires to give to the GRANTEES, her brother and
sister, 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.
This grant of Usufruct shall be valid and binding during the lifetime of
the GRANTOR and GRANTEES. However, the GRANTEES’ descendants may
continue the usufruct subject to the condition that they shall actually be in
possession and residing in the premises covered by the grant and upon
terms equally applicable to them as the surviving GRANTEES;
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2. The SITE shall be used exclusively for Residential purposes by the GRANTEES
and his/her immediate families, and when the necessity arises, the SITE
can be used for other purposes provided that the GRANTOR gives her
written consent for such use. The GRANTEES shall not use the premises for
any unlawful or illegal act;
3. The GRANTEES shall not build and construct any building or improvement
on the property subject of this grant. 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 GRANTEES;
4. The GRANTEES shall shoulder all expenses for the maintenance of the
building/house 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 in
accordance with local ordinance and/ or national laws on environmental
safety, maintenance and preservation;
5. The GRANTEES 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 GRANTEES shall not lease any part or portion of the premises or the
whole thereof, without the express consent of the GRANTOR;
10. The GRANTOR hereby covenants with the GRANTEES that the latter shall
peaceably hold and enjoy the full use and possession of the premises
during the period of the grant. The GRANTEES, her representatives, agents
and employees shall have complete and unimpeded access to and from
the premises at any time;
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applicable provisions of which are incorporated herein and deemed part
of the provisions of this Deed;
IMEE D. FLORES
Grantor
Proof of Identity: ________________
____________________ ____________________
ACKNOWLEDGEMENT
BEFORE ME, a Notary Public for and in the Province of Davao del Sur, this _____
day of December, 2017, personally appeared the above-named heirs, exhibiting their
respective Valid ID’s as competent proof of identify as indicated above, all known to
me and to me known to be the same persons who executed the foregoing instrument
of Deed of Grant of Usufructuary Rights which deed consisting of Three (3) page
including this and acknowledged to me that the same are their free acts and voluntary
deed.
Witness my hand and notarial seal on this ____th day of December 2017 in Digos
City, Davao del Sur, Philippines.
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