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IMPROVEMENT (ADRI)
HEIRRIDGE KEVIN N. DE LEON
-and-
WITNESSETH:
WHEREAS, the SECOND PARTY is the true, lawful, and absolute owner in
fee simple of the herein described improvements as evidenced by Tax Declaration
No. _______________, Affidavit of Ownership and Barangay Certification, photocopies
of which are hereto attached as Annexes “1”, “2” and “3”, respectively;
WHEREAS, the SECOND PARTY agrees that the basis for the determination
of just compensation for the crops acquired shall be governed by the provisions of
Republic Act 10752 and its implementing rules and regulations;
Whereas the First Party shall pay the replacement cost/current market
values of the above-listed improvements amounting to TWELVE THOUSAND, TWO
HUNDRED EIGHTY-FIVE PESOS AND FIFTY CENTAVOS (Php 12,285.50) to
the Second Party in accordance with the following schedule:
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NOW THEREFORE, for and in consideration of foregoing premises, the Parties
hereby agree on the following:
1. That the SECOND PARTY shall completely demolish and remove said
improvements listed above within _____ days from receipt of the first
payment mentioned above.
2. If the Second Party chooses to retain the salvaged materials of the
improvements, no salvage value shall be deducted from the final
payment.
3. Failure of the SECOND PARTY to demolish and removed the above-
mentioned improvements within fifteen (15) days from the date of Final
Demand to Demolish shall cause the FIRST PARTY to demolish and
remove the above-mentioned improvements at the expense of the
SECOND PARTY.
WITNESSES:
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REPUBLIC OF THE PHILIPPINES)
PROVINCE OF CAGAYAN )S.S.
CITY OF TUGUEGARAO )
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the Province of Cagayan, personally
appeared District Engineer DANILO U. TABILAS with PRC License No. 0025862 and
MARLON R. ROYO with Tax Identification No. 126-605-358-000 issued by the Bureau
of Internal Revenue, known to me and to me known to be the same persons who
executed the foregoing Agreement for Demolition and Removals of Improvement and
acknowledged to me that the same is their free and voluntary act and deed.
This Agreement consist of three (3) pages, including this page on which this
acknowledgement is written, duly signed by the FIRST PARTY duly authorized
representative and the SECOND PARTY and their witnesses on the spaces provided for
their signatures on each and every page thereof.
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