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FORM 0034: CONVEYANCE IN TRUST

DEED OF TRUST

KNOW ALL MEN BY THESE PRESENTS:

This DEED, made and executed in _______________________,


Philippines, on this __________________, by and between
(Name of owner), single/widower/married to
_____________________________, of legal age, and resident of
____________________________, hereinafter called the PARTY
OF THE FIRST PART, and (Name of trustee),
single/widower/married to ___________________, of legal age,
____________ citizen, and with residence and postal address
at ______________________________________ hereinafter called
the PARTY OF THE SECOND PART.

WITNESSETH:

That the PARTY OF THE FIRST PART for and in


consideration of the agreement hereinbelow set forth,
does by these presents grant and convey unto the PARTY
OF THE SECOND PART in trust, the following described
real property, to wit:

(Describe the property)

of which the PARTY OF THE FIRST PART is the registered


owner in accordance with the provisions of the Land
Registration Act, as amended, his/her title thereto being
evidenced by Transfer/ Original Certificate of Title No.
__________________, issued by the Registrar of Deeds of
_________________;

That the PARTY OF THE SECOND PART shall have


and hold the said property IN TRUST and for the sole and
exclusive use, benefit, enjoyment, and in behalf of (Names
of beneficiaries), all minors, their heirs and assigns:
That the PARTY OF THE SECOND PART shall have
the power to lease, mortgage, or otherwise dispose of the
said property if and when in his/her judgment it will
redound to the best interests of the beneficiaries, and the
said PARTY OF THE SECOND PART shall have and hold all
rents and proceeds, in trust and for the sole use and
benefit of said beneficiaries, after deducting therefrom
incidental and lawful expenses.

That the trust herein created shall automatically be


terminated in _____________ ____________________, years from
and after the execution of this instrument (or when all the
beneficiaries shall have reached the age of majority), and
the title to the property subject of this trust shall
thereupon pass to and vest in the said beneficiaries,
subject to every previous or prior disposal made by the
PARTY OF THE SECOND PART as herein authorized; and

That the PARTY OF THE FIRST PART covenants to


warrant and defend the title to the property above-
described against all claims of third persons whoever, and
the PARTY OF THE SECOND PART covenants faithfully to
perform and fulfill the trust herein constituted according
to the terms thereof.

IN WITNESS WHEREOF, the parties hereto have


hereunto set their hands at the place and on the date first
above written.

____________________________________
______________________________
Party of the First Part Party of
the Second Part
TIN ________ TIN______

WITH MARITAL CONSENT:

_______________________________________
(Wife or Husband of Party of the First Part)
TIN_________

SIGNED IN THE PRESENCE OF:


__________________________________
______________________________
(Notarial Acknowledgment)

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