DEED OF USUFRUCT

KNOW ALL MEN BY THESE PRESENTS:

This DEED is made and executed by and between:

Jose Zamora of legal age, single with residence at Sitio Balagabay in Barangay Can-ayan,
hereafter referred to as the OWNER
-AND-
The Department of Education Division of Malaybalay City duly organized and existing
under the laws of the Phils., represented herein by its School Division Superintendent Rudolph B.
Tortola, CESO V. who is duly authorized to act in this instance and for this purpose, hereinafter
referred to as the USUFRUCTUARY.
-WITNESSETH-
WHEREAS, the OWNER, by these presents offers for the use of the USUFRUCTUARY
a parcel of land containing an aggregate area of 2-hectare land within the site of Sitio Balagabay
in Barangay Can-ayan, situated at Malaybalay City, Bukidnon. Covered by TCT No. 98765 to be
used exclusively for educational purposes.
WHEREAS, the USUFRUCTUARY accepts the above-stated offer of the OWNER with
gratitude and deep appreciation.
WHEREAS, the 2-hectare land shall be used exclusively for educational purposes but only
through usufruct for a term of 15 years and not through donation.

NOW THEREFORE, for and in consideration of the foregoing premises and of the
mutual covenants hereinafter contained, the parties agree to the following terms and conditions:
1.RIGHT TO USE FOR FREE The OWNER hereby grants unto the USUFRUCTUARY
the perpetual right to use the aforesaid lot. This right to use includes the right to construct two
elementary school buildings for the pupils. The right to use is granted only to the legitimate officers
of the Department of Education Division of Malaybalay City
2.OWNERSHIP The ownership of the lot remains with and continues to be in the name
of the OWNER.
3.FACILITIES AND IMPROVEMENTS The USUFRUCTUARY shall be responsible
in providing for its facilities and improvements such as, water, communication, electricity that
shall make it sustainable and viable.
4.MAINTENANCE OF CLEANLINESS AND PEACE AND ORDER - The OWNER
shall maintain the cleanliness and peace and order in the common areas while the
USUFRUCTUARY shall maintain the cleanliness and peace and order in the area of USUFRUCT.
5.OTHER TERMS AND CONDITIONS The site shall be used exclusively by the
USUFRUCTUARY at the exclusion of other denomination, organization and affiliations. A breach
of this provision terminates this DEED OF USUFRUCT.

IN WITNESS WHEREOF, the parties have hereunto set their hands this 6th day of
November 2021.
Jose Zamora Rudolph B. Tortola, CESO V.
OWNER USUFRUCTUARY
Signed in the presence of:

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