MEMORANDUM OF AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This MEMORANDUM OF AGREEMENT made and entered into

this_____________day of _______________ by and between:

LYDIA J. ADVINCULA, of legal age, married and with postal

1.)______________________

2.)______________________

address at 406 Tengco Street, Pasay City, Metro Manila,

hereinafter referred to as the “FIRST PARTY”;

-and –

FELICITAS N. MALUBAY, of legal age, married and with postal

WITNESSES:

address at 406 Tengco Street, Pasay City, Metro Manila, hereinafter

referred to as the “SECOND PARTY”

WITNESSETH;

WHEREAS, the FIRST PARTY is the actual occupant of a house erected in a portion of
FELICITAS N. MALUBAY

land of lot at 406 Tengco Street, Pasay City, Metro Manila;

Second Party

WHEREAS, the FIRST PARTY have been responsible in paying the real property tax for
the said house up to this date;

WHEREAS, the SECOND PARTY claiming rights over the aforementioned portion of lot
brought the issue to the Tengco Homeowners Association;

WHEREAS, during one of the meeting set before the Tengco Homeowners Association,
BOTH PARTIES have agreed to a settlement, as witnessed by then Homeowners
Association President, EDGARDO S. CADA,

WHEREAS, due to lack of documentation or records of the settlement made before the
Tengco Homeowners Association, BOTH PARTIES intend to formalize the agreement
LYDIA J. ADVINCULA

made by means of a Memorandum of Agreement,

First Party

NOW, THEREFORE, for and in consideration of the foregoing premises and subject to
the terms and conditions herein below specified, the parties have agreed and do
covenant with each other as follows:

1. The FIRST PARTY shall pay the SECOND PARTY the amount of TWENTY
THOUSAND PESOS (PhP20,000.00) Philippine Currency, representing payment
for the immediate relocation of the septic vault situated under the premises of
FIRST PARTY’s assigned parcel of land to the SECOND PARTY’s assigned parcel
of land.

2. Any excess in the cost of the relocation of aforementioned septic vault shall be
the obligation of the SECOND PARTY.

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 3. In the event that SECOND PARTY fails to cause the relocation of the septic vault
within thirty (30) days upon receipt of the full amount stated in the preceding
condition or opted not to relocate the said septic vault despite of payment made,
the FIRST PARTY reserves the right to prohibit SECOND PARTY from any future
request to relocate the septic vault or open the septic vault cover for purposes of
siphoning or dislodging in case of an overflow in the sewer system, except when
the FIRST PARTY expressly permits the SECOND PARTY by means of a written
consent.

4. That after paying the amount stated in the preceding condition, the SECOND
PARTY shall acknowledge FIRST PARTY’s conditional right over the parcel of land
wherein their house was erected and with postal address at 406 Tengco Street,
Pasay City,

This Agreement, including all terms and conditions hereof, is expressly and voluntarily
agreed upon by the parties.

IN WITNESS WHEREOF, the parties hereto have signed or caused this instrument to
be signed on ________________, 201__ at _______________________.

LYDIA J. ADVINCULA FELICITAS N. MALUBAY

First Party Second Party

SIGNED IN THE PRESENCE OF:

___________________________ _________________________

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 ACKNOWLEDGEMENT

REPEBLIC OF THE PHILIPPINES)

_____________________________ ) S.S

BEFORE ME, a Notary Public for and in Pasay City this____ day of
____________, 2019, personally appeared to me the following; known to me
and to me known to be the same is their free act ad deed.

NAME Legal I.D. I.D. No./Date of Issuance

LYDIA J. ADVINCULA

FELICITAS N. MALUBAY

Consisting of three (3) pages, including this page where acknowledgement is

written, duly signed by the parties and their instrument witness at the spaces
herein provided, and they acknowledgement to me that the same id their own
free and voluntary act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my

notarial seal on the date and place first written above.

NOTARY

Doc. No. __________

Page No. __________
Book No. _________
Series of 2018

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