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-and-
W I T N E S S E T H:
Bounded on the N., along line 1-2 by Road; on the E., along line 2-3
by Oval Gymnasium; on the S., along line 3-4 by Philippine National
Police – Police Station 1; and on the W., along line 4-1 by Road
(Pendatun Avenue) .
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Fire Protection situated at Brgy. Marikit, this city, together with all the
improvements found thereon.
2. OWNERSHIP – while the usufruct and/or the beneficial use of the SITE
is transferred to USUFRUCTUARY for a period of FIFTY years, the
ownership and title of the SITE remains with and continues to be in the
name of the OWNER.
5.3 The USUFRUCTUARY shall construct and maintain its building and/or
facilities, structures and improvements in the SITE in accordance with local
ordinance and/or national laws on environmental safety, maintenance and
preservation.
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5.4 The USUFRUCTUARY shall revert the subject property to the OWNER
should the same remains unused.
IN WITNESS WHEREOF, the herein parties have set their hands this
th
20 day of May 2018 at General Santos City, Philippines.
Represented by:
RONNEL C. RIVERA
City Mayor
Represented by:
PRETTY MAGANDA
Regional Director
__________________ ___________________
Witness Witness
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ACKNOWLEDGMENT
BEFORE ME, this 20th day of May 2018, at General Santos City,
Philippines, personally appeared the following persons, to wit:
known to me to be the same persons who executed the foregoing Deed and
who acknowledged to me that the same is their free and voluntary act and
deed of the entities that they represent in this instance.
This Deed, consisting of Four (4) pages, including the page on which
this Acknowledgement is written, signed by the Parties and their
instrumental witnesses, refers to a Deed of Usufruct of a parcel of land.
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