DEED OF PARTITION

WITH WIAVER

KNOW ALL MEN BY THESE PRESENTS:

We, THE LIVING HEIRS OF _______________________________________________,

namely:

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
_____________________________

Hereinafter collectively referred to as “HEIRS/CO-OWNERS.”

WITNESSETH THAT:

WHEREAS, ____________________________________________, was the

registered owner of a parcel of land located at
___________________________________________________ with Transfer Certificate
of Title No. _______________________, hereinafter referred to as the
“PROPERTY”;

WHEREAS, _______________________________ passed away on

______________________________________ leaving behind the PROPERTY to the
above-mentioned HEIRS/CO-OWNERS;

WHEREAS, houses and structures already exist on the property and are
being used for residential purposes by the above-named HEIRS/CO-OWNERS;

WHEREAS, for the administration and better enjoyment of the PROPERTY,

the HEIRS/CO-OWNERS hereby agree to formalize its partition, use, and
maintenance through this DEED OF PARTITION WITH WAIVER;

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

HEIRS/ CO-OWNERS agree on the following:

1. The HEIRS/CO-OWNERS hereby adopt the partition of PROPERTY

indicated on the “Site Development Plan” a copy of which is herein
attached as ANNEX A;

2. The distribution of the lots indicated on the Site Development Plan

shall be as follows:

PORTION ALLOCATION HEIRS/CO-OWNERS

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 3. All taxes, and fees assessed on the PROPERTY by any national or local
government office, agency or entity shall be paid by the HEIRS/CO-
OWNERS as follows:

________________________________________________________________________
___________

4. The expenses for any improvement or repair on any of the houses on

the PROPERTY shall be shouldered by the HEIR/CO-OWNER upon which
such house is allocated to; Provided that, expenses on any
improvement or repair on the sorroundings, common or unmarked
areas shall be divided equally among the heirs;

5. Notwithstanding the partition or allocation of the PROPERTY as herein

provided, the HEIRS/CO-OWNERS agree NOT TO SELL, LEASE or
ENCUMBER the PROPERTY to any person who is not a party to this
agreement;

6. __________________________________________________ hereby expressly,

unconditionally, and voluntarily WAIVES AND RENOUNCES his rights
over the PROPERTY and RELEASES the other HEIRS/CO-OWNERS from
any liability or claim, his “Affidavit of Waiver of Rights of Inheritance” is
herein attached as ANNEX B;

7. The terms, conditions and undertakings in this deed or any

modifications, revisions or supplements thereof shall extend to and be
binding upon the successors and heirs of the parties as if they were in
every case named and expressed therein;

8. Any amendment or modification to this deed shall not be binding

unless expressly made in writing and signed by the parties hereto.

IN WITNESS WHEREOF, the parties hereunto set their hands in

______________________ Philippines.

__________________________________________________ Date signed:

_________________________

__________________________________________________ Date signed:

_________________________

__________________________________________________ Date signed:

_________________________

__________________________________________________ Date signed:

_________________________

__________________________________________________ Date signed:

_________________________

__________________________________________________ Date signed:

_________________________

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__________________________________________________ Date signed:
_________________________

SIGNED IN THE PRESENCE OF:

______________________________ _______________________________

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