WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This Waiver of Rights made and executed in ___________, Philippines, by and between:

_________________________________, of legal age/s, single/married/widower,

Filipino and with residence and postal address at
_____________________________________________, known hereinafter as the FIRST
PARTY;

- IN FAVOR OF -

_________________________________, of legal age/s, single/married/widower,

Filipino and with residence and postal address at
_____________________________________________, known hereinafter as the SECOND
PARTY;

WITNESSETH: THAT-

WHEREAS, the FIRST PARTY is the absolute and registered owner of a certain parcel
of land situated in the _________________________________, containing an area of
_________________________________ (_________________________________) Sq. Meters
and covered by Transfer Certificate of Title No. _________________________________ and
more particularly described as follows:

TRANSFER CERTIFICATE OF TITLE NO. _____________________

WHEREAS, the FIRST PARTY do by these presents RENOUNCE AND WAIVE

his/her rights and interest on the above-described property in favor of the SECOND PARTY.

NOW WHEREFORE, as a consequence of this waiver, the SECOND PARTY

becomes henceforth the owner of the subject property without any further reservation in favor of
the FIRST PARTY.

IN WITNESS HEREOF, the parties have caused these presents to be signed at the place
above written this _________________ at ____________.

_______________________ _______________________
FIRST PARTY SECOND PARTY
_________ ID No. __________ _________ ID No. __________

SIGNED IN THE PRESENCE OF:

____________________ _____________________

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 ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

____________________ ) S. S.

BEFORE ME this ______________ in __________, personally appeared the parties

with their respective Proofs of Identity, known to me and to be the same person who executed
the foregoing instrument and acknowledged to me that the same is their free act and deed.

This instrument consists of two (2) pages including this page whereon the
acknowledgment is written signed by the parties and their instrumental witness on each and
every page hereof.

WITNESS MY HAND AND SEAL at the place on the date first above written.

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