This document is a Deed of Exchange between Josias Padua and an unnamed second party. It details that Josias Padua owns a parcel of land covered by Title No. ____, and the second party owns a neighboring parcel covered by Title No. ____. The two parties have agreed to exchange portions of their land, with Josias Padua transferring 3.5 meters of his land to the second party, and the second party transferring 4 meters of their land to Josias Padua. Both parties enter into the exchange voluntarily and understand the legal consequences.
This document is a Deed of Exchange between Josias Padua and an unnamed second party. It details that Josias Padua owns a parcel of land covered by Title No. ____, and the second party owns a neighboring parcel covered by Title No. ____. The two parties have agreed to exchange portions of their land, with Josias Padua transferring 3.5 meters of his land to the second party, and the second party transferring 4 meters of their land to Josias Padua. Both parties enter into the exchange voluntarily and understand the legal consequences.
This document is a Deed of Exchange between Josias Padua and an unnamed second party. It details that Josias Padua owns a parcel of land covered by Title No. ____, and the second party owns a neighboring parcel covered by Title No. ____. The two parties have agreed to exchange portions of their land, with Josias Padua transferring 3.5 meters of his land to the second party, and the second party transferring 4 meters of their land to Josias Padua. Both parties enter into the exchange voluntarily and understand the legal consequences.
This Deed of Exchange, made and executed by and between:
JOSIAS PADUA, of legal age, Filipino, married, with residence
and postal address at Balugo, Dumaguete City, Negros Oriental, Philippines, hereinafter referred to as FIRST PARTY;
In favor of:
____________________, of legal age, Filipino, married, with
residence and postal address at Balugo, Dumaguete City, Negros Oriental, Philippines, hereinafter referred to as SECOND PARTY;
WITNESSETH:
WHEREAS, the FIRST PARTY is the registered owner of a parcel
of land Lot No. ______ covered by Transfer Certificate of Title No. ____ situated at Balugo, Dumaguete City, Negros Oriental, consisting of ____________ (___) SQUARE METERS, more or less, with all the improvements standing thereon;
WHEREAS, the SECOND PARTY is the registered owner of a
parcel of land Lot No. ______ covered by Transfer Certificate of Title No. ____ situated at Balugo, Dumaguete City, Negros Oriental, consisting of ____________ (___) SQUARE METERS, more or less, with all the improvements standing thereon;
WHEREAS, the FIRST PARTY and the SECOND PARTY, have
agreed to transfer and convey by way of exchange the above described properties in favor of each other;
NOW THEREFORE, for and in consideration of the foregoing
premises, the FIRST PARTY hereby CEDES, TRANSFERS, and CONVEYS BY WAY OF EXCHANGE, the portion of Lot No. ____ equivalent to THREE POINT FIVE (3.5) meters wide, more or less, with all the improvements existing thereon in favor of the SECOND PARTY and in the same manner, the SECOND PARTY, CEDES, TRANSFERS, and CONVEYS BY WAY OF EXCHANGE, the portion of Lot No. ___ equivalent to FOUR (4) meters wide, more or less, with all the improvements existing thereon in favor of the FIRST PARTY;
That the parties have entered this DEED OF EXCHANGE freely,
voluntarily and by their own free will and that they fully understand all the legal consequences of this particular deed and making all the previous and old documents null and void; That it is hereby agreed and declared that each party hereto has good right, full power, absolute authority and indefeasible title to give, grant, transfer and convey the property exchanged by this deed and that each party shall at all times hereafter peaceably and quietly hold, possess and enjoy the same without any claim, demand or interruption by the other.
IN WITNESS WHEREOF, the PARTIES hereunto affix their
signatures this ____________ at the City of Dumaguete, Negros Oriental, Philippines.
JOSIAS PADUA ____________________
First Party Second Party ID NO. __________________ ID NO. __________________
SIGNED IN THE PRESENCE OF:
_______________________ ______________________
ACKNOWLEDGMENT
Republic of the Philippines)
Province of Negros Oriental) S.S. City of Dumaguete ………..)
BEFORE ME, a Notary Public, at the City of Dumaguete,
Philippines, this ____________, personally appeared before me the PARTIES who has satisfactorily proven their identities to me through their respective identification cards, both known to me to be the same persons who executed the foregoing instrument of Deed of Exchange, consisting of two (2) pages including this page where the acknowledgement is written, signed by them and their instrumental witnesses at the top of the instrument of this page and on the left hand margin on page one (1), and they acknowledged to me that the same is their free act and voluntary deed.