DEED OF PARTITION

WITH WAIVER

KNOW ALL MEN BY THESE PRESENTS:

We, THE LIVING HEIRS OF BENJAMIN M. ARCANGEL, namely:

JULIETA J. ARCANGEL, of legal age, widow, Filipino, with address at No. 39 Brgy.
Harapin Ang Bukas, Mandaluyong City; GERARDO J. ARCANGEL, Filipino, of legal
age, married to Analyn O. Arcangel, Filipino, with same as above, BENJAMIN J.
ARCANGEL, Filipino, of legal age, married to Abigael R. Arcangel, with address same
as above, And BELINDA A. MAGNO, Filipino, of legal age, married to Jeffrey M.
Magno with address same as above.

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

WITNESSETH THAT:

WHEREAS, Bernardo M. Arcangel and Benjamin M. Arcangel were the registered

owners of a parcel of land located at Brgy. Harapin ang Bukas, Mandaluyong City with
Transfer Certificate of Title No. (161571) 22830, hereinafter referred to as the
“PROPERTY”;

WHEREAS, the HEIRS/ together with Luis I. Arcangel (forced heir of Bernardo M.
Arcangel), executed an Extra Judicial Settlement dated 26 June 2019, wherein they
allocated unto themselves one-half undivided portion of the PROPERTY;

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 “Subdivision 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

Lot ______ Gerardo J. Arcangel
Lot ______ Benjamin J. Arcangel
Lot ______ Belinda A. Magno

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 in
equal share;

4. The expenses for the demolition of the existing building shall be shared equally
by the HEIRS/CO-OWNERS;

Page 1 of 3
 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. JULIETA J. ARCANGEL hereby expressly, unconditionally, and voluntarily

WAIVES AND RENOUNCES her rights over the PROPERTY;

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.

JULIETA J. ARCANGEL Date signed: _____________________

BENJAMIN J. ARCANGEL, JR. Date signed: _____________________

GERARDO J. ARCANGEL Date signed: _____________________

BELINDA A. MAGNO Date signed: _____________________

SIGNED IN THE PRESENCE OF:

______________________________ ______________________________

Page 2 of 3
REPUBLIC OF THE PHILIPPINES)
_________________________) SS.

ACKNOWLEDGMENT

BEFORE ME, a Notary Public for and in the _________________, personally appeared

HEIRS/CO-OWNERS VALID ID
JULIETA J. ARCANGEL
BENJAMIN M. ARCANGEL, JR.
GERARDO M. ARCANGEL
BELINDA A. MAGNO

known to me to be the same persons who executed the foregoing instrument which they
acknowledged to me to be their free and voluntary act and deed, consisting of only
three (3) pages, including this page in which this Acknowledgement is written, duly
signed by them and their instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL this _____________ at _____________, Philippines.

NOTARY PUBLIC

Doc. No. ______;

Page No. ______;
Book No. ______;
Series of 2019;

Page 3 of 3