REPUBLIC OF THE PHILIPPINES)

PROVINCE OF OCCIDENTAL MINDORO) S.S

MUNICIPALITY OF SABLAYAN)

DEED OF GRANT OF USUFRUCTUARY RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Grant of Usufructuary Rights entered into

by and between:

SARAH GRANADO DE SAGUN, Filipino, of legal age,

married and a resident of 116 San Augustine, Trece Martires City,
Cavite Region 4 (hereinafter referred to as the GRANTOR);

----------and--------

The Local Government Unit of Sablayan, a Municipal

Government Unit existing under the Philippine Laws as represented
by its Municipal Mayor, EDUARDO B. GADIANO, Filipino, of legal
age, married and a resident of Barangay Buenavista, Sablayan,
Province of Occidental Mindoro (hereinafter referred to as
GRANTEE)

WHEREAS, the GRANTOR is the true and registered

owner of a certain motor vehicle, more particularly described as
follows:

Make : KIA Motor No. : D6AB2065484____

Series : KIA 928 Chassis No. KAI2GAX9P12K201044
Type of Body: BUS Plate No. : PYO872___________
CR No. :189629134 MVRR No. : 1304-00000267321__

WHEREAS, the GRANTOR desires to give the GRANTEE

the right of USUFRUCT over the afore described motor vehicle with
the latter having the full right to the possession, use and enjoyment
of the said motor vehicle in return for it assuming the obligation to
shoulder the yearly registration fee, insurance and other charges
over the said motor vehicle, as well as the necessary maintenance
and repairs to preserve the vehicle during the lifetime of the
usufruct.

NOW THEREFORE, for and in consideration of the

mutual agreements, covenants and stipulations hereinafter set
forth, the GRANTOR hereby transfers and conveys unto the
GRANTEE by way of USUFRUCT the afore described motor vehicle,
subject to the following terms and conditions:

1. This grant of Usufruct shall be valid and binding from

___________________ to _________________, 201____, subject to the
condition that the GRANTEE shall actually retain possession and
control of the motor vehicle covered by the grant;

2. The GRANTEE shall pay and be liable for all the

registration fees, insurance, taxes, licenses, duties, levies and such
other charges as the Government or any of its instrumentalities and
agencies may impose by reason of the use and operation of motor
vehicle and/or or arising out of this agreement and its
implementation;

3. The GRANTEE may make improvements on the motor

vehicle subject to this grant and may make any addition, alteration
or improvements on the vehicle without the prior approval of the
GRANTOR provided such additions, alteration or improvements is
necessary in the safe and proper operation of the vehicle or is
desirable in order to maximize the use for which it was intended;

4. The GRANTEE, shall at his own expense, make all

necessary maintenance and repairs to keep the motor vehicle in
good running condition and to prevent it and all its accessories
from deteriorating in value or condition during the term of the
grant, ordinary wear and tear excluded;

5. Only the GRANTEE or his duly authorized agents or

employees may operate the motor vehicle and they shall have
completed and unimpeded possession and use of the aforesaid
vehicle during the lifetime of this grant;

6. The GRANTEE shall not lease the motor vehicle

without the express consent of the GRANTOR;

7. The GRANTOR hereby covenants with the GRANTEE

that the latter shall peaceably hold and enjoy the full use and
possession of the motor vehicle afore-described during the period of
the grant;

8. During the effectivity of this USUFRUCT or during the

entire time that the GRANTEE has material possession and/or
control of the vehicle, the GRANTEE shall assume any and all
claims or liabilities in connection with any injury or wrongful death
inflicted on any person or for any damage to property caused by or
arising out of the operation or use of the motor vehicle, holding the
GRANTOR free and harmless from any liability thereby. Should a
claim be filed against the GRANTOR, the GRANTEE undertakes that
he shall immediately intervene and assume all liabilities or claims
in behalf of the GRANTOR in the event that the claimant is justly
entitled to his claim;

9. The GRANTOR may immediately recover possession of

the above mentioned motor vehicle and terminate the USUFRUCT
should the GRANTEE violate any provisions of the GRANT or fail to
comply with its obligations as a USUFRUCTUARY as provided
under the New Civil Code of the Philippines, the applicable
provisions of which are incorporated herein and deemed part of the
provisions of the Deed;

10. Both parties acknowledge that this agreement is

entered into in good faith and shall require the faithful compliance
of the respective obligations of the parties concerned and respect of
each other’s rights as contained in this Deed. Any party who shall,
by its action or omission, directly or indirectly be responsible for the
non-implementation of any provision of this agreement shall be
liable for actual, moral and exemplary damages.

IN WITNESS WHEREOF, we hereunto affix our signature this

___ of __________ 2018 in the Municipality of Sablayan, Occ.
Mindoro, Philippines.

SARAH GRANADO DE SAGUN HON. EDUARDO B. GADIANO

GRANTOR GRANTEE

Signed in the presence of:

__________________________ _________________________
 ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

PROVINCE OF OCCIDENTAL MINDORO)S.S
MUNICIPALITY OF SABLAYAN)

BEFORE ME, this ____ day of ______________, 2018 in the

Municipality of Sablayan, personally appeared SARAH GRANADO
DE SAGUN, exhibiting her CTC/I.D No. ______________ issued in
__________________________________, on _______________, and HON.
EDUARDO B. GADIANO exhibiting his CTC/I.D. No. _______ issued
in ___________________________, Occ. Mindoro on
________________________, known to me to be the same persons who
executed the foregoing Deed of Usufruct and they acknowledged
that the same are their free and voluntary act and deed.

This document consists of four (4) pages including the page on

which this acknowledgment is written, all signed by the parties on
every page and also signed by their witnesses.

WITNESS MY HAND AND NOTARIAL SEAL.

Doc. No. ____

Page No. ____
Book No. ____
Series of 2018