Republic of the Philippines

Municipality, Villaba

ACKNOWLEDGEMENT OF OWNERSHIP
KNOW ALL MEN BE THESE PRESENTS:
I,GERARDO P. JIMENEA, Filipino, of legal age, and a resident of Door
3, Espina Apartment, A. del Rosario St., Guizo, Mandaue City, Philippines,
after being sworn to in accordance with law, hereby depose and declare that:
1.
I am the registered owner of a parcel of land known as Lot
No. 2917, covered by Tax Declaration No. 43-0010-14301, located at
Damolog, Sogod, Cebu, (together with all appurtenant rights, interests, and
improvements thereon, the Property), and more particularly described as
follows:
Tax Declaration No. 43-0010-14301
Lot No. 2917 located at Damolog, Sogod, Cebu, with boundaries
as follows:
North :
Lot 1323
South:
Provincial Road
East :
Lot 1323
West :
Lot 1324-P
With an area of Nineteen Thousand Four Hundred Sixty (19,460)
square meters, more or less
2.
Notwithstanding such registration under my name, I hereby
declare and acknowledge that I am only holding the Property in trust for
SERGIO OSMENA JR. and LOURDES de la RAMA OSMENA, Filipino, of
legal age, and a resident of Mandaue City, Philippines.
3.
Accordingly, I unqualifiedly declare and acknowledge that
the true, absolute and beneficial ownership to the Property actually pertains
to SERGIO OSMENA JR. and LOURDES de la RAMA OSMENA, and not to
me.
4.
I hereby state that by virtue of this Acknowledgement of
Ownership, I represent, warrant, and covenant, by which such
representations, warranties and covenants shall survive the execution and
delivery of this Acknowledgement of Ownership, as follows:
4.1
I have no claim, right, or action of whatsoever nature, whether
past, present, or contingent against SERGIO OSMENA JR and
LOURDES de la RAMA OSMENA or any of his agents,
representatives, attorneys-in-fact, heirs, administrators, executors,
successors, and assigns.
4.2
I will not be a party to nor testify in any proceeding that may be
filed for and in my behalf by anyone against SERGIO OSMENA JR.
and LOURDES de la RAMA OSMENA or any of his agents,
representatives, attorneys-in-fact, heirs, administrators, executors,
successors, and assigns in relation to, arising from, or resulting from
any incidents or ownership over the Property.

4.3
I agree and undertake to sign any and all documents, clearances,
and certificates, necessary and/or required to be executed in the future
and for the registration and/or annotation of any document necessary
for the transfer, sale, lease, or any disposition of the Property to
SERGIO OSMENA JR. and LOURDES de la RAMA OSMENA.
4.4
I agree and undertake that should SERGIO OSMENA JR. and
LOURDES de la RAMA OSMENA dispossessed of peaceful possession
and/or title to the Property for any reason whatsoever, or if title thereto
shall be difficult to transfer, through no fault of the latter, I will be liable
to pay any and all costs and expenses, including attorneys fees, paid
or incurred by SERGIO OSMENA JR. and LOURDES de la RAMA
OSMENA in defending or protecting his rights to the Property.
5.
I further confirm that any and all acts entered and executed by
me alone involving the Property is actually subject to the trust and other
terms embodied by this Acknowledgement of Ownership.
6.
I am executing this Deed of Acknowledgment of Ownership to
attest to the truth of the foregoing and agree to the recording of all
necessary entry in the appropriate government agencies to reflect the true
ownership over the Property.
IN WITNESS WHEREOF, I have hereunto set my hand this 10 th day of
August in Villaba, Leyte, Philippines.
GERARDO P. JIMENEA
Passport No. XX4574919
BEFORE ME, a Notary Public for and in ___________________________ this
____ day of June 2016, personally appeared Affiant, whom I have identified
through her competent evidence of identity and who represented to me that
she voluntarily affixed her signature on the foregoing instrument for the
purposes stated therein and who declared that she has executed the foregoing
instrument as her free and voluntary act and deed.
Doc. No. ____;
Page No. ____;
Book No. ____;
Series of 2016.