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Conditional Donation

Aries G. Dimauna donated a 120 square meter parcel of land to Maria Mercedes with conditions. The conditions are: 1) Aries retains rights to the property and its products while alive; 2) If Aries gets sick, he can sell the property to pay medical costs and whatever is left goes to Maria; 3) If Aries dies unexpectedly, Maria must use the property to pay any debts of Aries and fund his funeral before receiving the property. Both parties signed the deed on January 7, 2020 in Silay City, Philippines.
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0% found this document useful (0 votes)
183 views3 pages

Conditional Donation

Aries G. Dimauna donated a 120 square meter parcel of land to Maria Mercedes with conditions. The conditions are: 1) Aries retains rights to the property and its products while alive; 2) If Aries gets sick, he can sell the property to pay medical costs and whatever is left goes to Maria; 3) If Aries dies unexpectedly, Maria must use the property to pay any debts of Aries and fund his funeral before receiving the property. Both parties signed the deed on January 7, 2020 in Silay City, Philippines.
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DEED OF CONDITIONAL DONATION

KNOW ALL MEN BY THESE PRESENTS:

That, I, Aries G. Dimauna, of legal age, widower and a resident of the


barrio of Rizal, Silay City, Negros Occidental, Philippines, for and in
consideration of my love and affection, and services rendered by Maria
Mercedes, of legal age, single and a resident of Silay City, Negros Occidental,
Philippines, with sound mind and without any influence, force, threat,
surprise or intimidation, hereby voluntarily convey, concede, give, donate
and transfer by way of conditional donation in favor of the said above-
mentioned donee the property described as follows:

“A parcel of land with TCT no. 91345 in the name of Aries G. Dimauna,
situated in Block 5 Lot 21 Phase 1 Charito Heights Bgy. Granada Bacolod City,
Negros Occidental, Philippines containing an area of ONE HUNDRED
TWENTY SQUARE METERS (120 sq.m.)”

That I am making this donation in favor of the herein stated donee


with the following conditions:

1. That meantime I am still living, this property donated is still at my


disposal as well as the products therein derived;

2. That in case of my illness, I have still the perfect right to dispose said
property if necessary to finance all the expenses to be incurred for my
sustenance and medical treatment, and whatever left, if any, of this property
will be the one to be received by the herein donee;

3. That in case of my unexpected death, the herein donee will execute


the disposal to pay all the debts incurred by me during my lifetime or illness,
if any, and to finance my funeral services or ceremonies in the Roman
Catholic Church decently, and property in my favor will be the ones to be
received by the herein done.

IN WITNESS WHEREOF, I hereunto set my hand this 7th day of January 2020,
in Silay City, Negros Occidental, Philippines.

Aries G. Dimauna
Donor

SIGNED IN THE PRESENCE OF:

LITO IBANEZ KAREN DIVA

ACCEPTANCE

That I, Maria Mercedes, do hereby do these presents accept the


donation with conditions given by the donor, and hereby further extend our
gratitude due to the generosity of the donor.

IN WITNESS WHEREOF, I hereto set my hand this 7th day of January, 2020, in
Silay City, Negros Occidental, Philippines.

Maria Mercedes
Donee

SIGNED IN THE PRESENCE OF:

JESSIE YULO JOY PATRIA


Republic of the Philippines )
City of Silay ) S.S.
x––––––––––––––x

ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in the City of Silay personally appeared the
following persons, with their respective Community Tax Certificates as follows:

Name C.T.C. No. Date / Place Issued

1. ARIES DIMAUNA 1234567 Jan. 4, 2020/ Silay


2. LITO IBANEZ 1235178 Jan. 3, 2020/ Silay
3. KAREN DIVA 1234568 Jan. 3, 2020/ Silay
4. MARIA MERCEDES 1234509 Jan. 3, 2020/ Silay
5. JESSIE YULO 1234569 Jan. 3, 2020/Silay
6. JOY PATRIA 1234458 Jan. 4, 2020/Silay

all known to me and to me known to be the same persons who executed the foregoing
DEED OF CONDITIONAL DONATION which they acknowledged to me to be their free and
voluntary act and deed, consisting of only Three (3) pages, including this page in which
this Acknowledgement is written, duly signed by the Donor, the Donee and their the
instrumental witnesses on each and every page hereof.

WITNESS MY HAND AND SEAL this 10th day of January 2020 at Silay City,
Philippines

ATTY. JOSE WARVEN ILALIM


Notary Public
Until December 31, 2020
Roll No. 94086
IBP No. 20192020- January 03, 2020
PTR No. 123456- January 07, 2020
City of Silay

Doc. No. 25;


Page No. 02;
Book No. 1;
Series of 2020

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