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    Deed of Mutual Grant of Perpetual Right of Way V1.0

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    Permits & Licensing

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    Deed of Mutual Grant of Perpetual Right of Way V1.0

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    Permits & Licensing
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    Original Title

    DEED OF MUTUAL GRANT OF PERPETUAL RIGHT OF WAY V1.0

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    Deed of Mutual Grant of Perpetual Right of Way V1.0

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    Permits & Licensing

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    © All Rights Reserved
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    of 2

    DEED OF MUTUAL GRANT OF PERPETUAL RIGHT OF WAY

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Mutual Grant of Perpetual Right of Way is made and entered into by and
    between:

    CORPORATION, a corporation duly organized and existing in accordance with


    laws of the Republic of the Philippines, with business and office address at
    Bacolod City, Negros Occidental and herein represented by RAYMUNDO G,
    Corporate Secretary and hereinafter referred to as the “First Party”;

    and

    CORPORATION, a corporation organized and existing under and by virtue of


    the Laws of the Republic of the Philippines, with business address at Salcedo
    Village, Makati City and branch office address at Rizal Street, Barangay V, Silay
    City, Negros Occidental., represented by its President, ENRIQUE hereinafter
    referred to as the “Second Party”.

    WITNESSETH:

    WHEREAS, the FIRST PARTY is registered owner of certain parcel of land with an area
    of TWO THOUSAND SIX HUNDRED FIVE SQUARE METERS (2,605 sqm) more or
    less, situated at Barangay Rizal, Silay City covered by TCT No. T-407, that intends to
    donate as a right of way and a certain portion Lot 314-A-1-C-9-A-9-B-1-B covered by
    TCT No. T-42 to be used as drainage right of way in consideration for an ongoing
    subdivision development on the adjacent property.

    WHEREAS, the SECOND PARTY is owner and developer of Subdivision situated at


    Barangay Rizal covered by TCT No. T-37 adjacent to the subject property.

    WHEREAS, it is mutually beneficial for both parties that a perpetual right of way be
    established over a portion of each other's property for access and egress purposes;

    NOW THEREFORE, in consideration of the property development being done by the


    SECOND PARTY and to widen the available space for ingress and egress to and from
    the properties being develop as subdivisions, FIRST PARTY hereby binds himself and
    agrees to allow CSA RESOURCES CORPORATION to use and develop that portion of
    the property belonging to the FIRST PARTY alongside TCT No. 37855 with a width of
    10 meters as the right of way for ingress and egress and for the construction of
    drainage systems along that path and with a length commencing from main road up to
    the outfall on portion of Lot 314-A-1-C-9-A- covered by TCT No. T-44

    For clarity, a sketch on the plan showing the extent of the drainage right-of-way on the
    respective road lots is attached as Annex “A” and forms an integral part of this
    Agreement

    This DEED shall immediately take effect upon date of signing hereof. Each of the
    parties shall have the right and the other hereby authorize to annotate this agreement
    on the respective titles.

    IN WITNESS WHEREOF, both the FIRST PARTY & SECOND PARTY have there under
    subscribed their names this _____ day of________ 2024 at _____________ Philippines.
    CORPORATION.
    CORP.
    By: By:

    Enrique Eduardo
    President President

    Conforme:

    Mr. Raymundo
    Corporate Secretary

    SIGNED IN THE PRESENCE OF:

    _____________________ _______________________

    ACKNOWLEDGMENT

    Republic of the Philippines)


    _____________________) S.S

    BEFORE ME, a notary for and in the _______________________, personally appeared:

    Name Type of ID/No. Expiry Date:

    Known to me and to me known to be the same persons who executed the foregoing
    Agreement and acknowledged to me that the same is their free and voluntary act and
    deed.

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

    Notary Public

    Doc. No. _______;


    Page No. _______;
    Book No. ________:
    Series of 20_______.

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