LAND TRUST AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

This Land Trust Agreement made by and entered into among TRUSTOR/GRANTOR; HEIRS OF
EUSTAQUIO CABALES, Filipino, all of legal ages, and all residents of Barangay Pantad, Municipality of
Dumalinao, Zamboanga del Sur, Island of Mindanao, hereinafter referred to as

-and-

CELESTINA JAKOSALEM, Filipino, legal age, widow and a resident of Barangay Pantad,
Municipality of Dumalinao, Zamboanga del Sur. Island of Mindanao, hereinafter referred to as OWNER
TRUSTEE;

WITNESSETH:

WHEREAS, the Department of Agrarian Report implemented a program called “PROJECT SPLIT”
(Support for Parcelization of Landholding for Individual Titling);

WHEREAS, The OWNERS TRUSTEE are all heirs of Agrarian Reform Beneficiary, EUSTAQUIO
CABALES and co-owners of a parcel of land covered by TRANSFER CERTIFICATE OF TITLE NO. E-
21, 982, Collective Certificate of Land Ownership Award (CCLOA) No. 00356417, located at Barangay
Pantad, Municipality of Dumalinao, Province of Zamboanga del Sur, Island of Mindanao, containing a total
area of NINETY-FIVE THOUSAND, NINE HUNDRED EIGHTY-FOUR (95, 984) Square Meters, more
or less;

WHEREAS, the original owner EUSTAQUIO CABALES was already dead, the rights over the
aliquot portion of the undivided interests of the aforesaid land which consists a total area of TWELVE
THOUSAND, FOUR HUNDRED FIFTY-EIGHT (12, 458) Square Meters, more or less was passed on to his
heirs;

WHEREAS, the name of EUSTAQUIO CABALES name did not appear on the face of
TRANSFER CERTIFICATE OF TITLE NO. E-21, 982, CCLOA No. 00356417 however, the same
appeared on the CARPER SURVEY PROFILE (CSP) and was among those which were given a specific
parcel in the APPROVED SURVEY PLAN (ASP), as surveyed on April 1-2, 1998 by Engr. Marcelino N.
Soropia and was duly approved on January 21, 1999;

WHEREAS, in order to yield to Project SPLIT, which aims to parcelize the above-named landholding
for individual titling this agreement is designed, established and created for the sole purpose of accommodating
the requirements necessary to effectuate the same;

WHEREAS, OWNER TRUSTEE is willing to accept the TRUST as herein provided for the benefit of
TRUSTOR/GRANTOR;

NOW THEREFORE; in consideration of the mutual covenants, conditions, and agreements set forth in
this document, the parties agree as follows:

1. The TRUSTOR/GRANTOR hereby surrender and convey his/her undivided interest/share

containing an area of TWELVE THOUSAND, FOUR HUNDRED FIFTY-EIGHT (12,
458) square meters more or less, by way of trust in favor of the OWNER TRUSTEE;

2. The OWNER TRUSTEE accepts the undivided interest/share of the TRUSTOR/GRANTOR;

3. The OWNER TRUSTEE manifest that he holds the property conveyed by way of trust for the
benefit of the TRUSTOR/GRANTOR, his /her heirs, assigns and successors-in-interest;
 4. The absolute ownership of the property conveyed to the OWNER TRUSTEE by way of trust
remains with the TRUSTOR/GRANTOR, his/her heirs, assigns and successor-in-interest
and the former holds the property only by way of trust for the sole purpose of paving the
way of parcelization and not to transfer ownership over said parcel of land to CELESTINA
JAKOSALEM;

5. Notwithstanding the conveyance of undivided interest/share of the TRUSTOR/GRANTOR to

the OWNER TRUSTEE, the former shall remain in the possession at all times of the
property conveyed and shall be entitled to all rights as an absolute owner thereof, including
the fruits (Civil, Natural or Industrial) and other income as an attribute of ownership
pertaining to the undivided interest/share of the TRUSTOR/GRANTOR;

6. The obligations to shoulder the necessary and ordinary expenses and other obligation
owing to their respective undivided interest/shares shall remain the exclusive
liability/obligation of the TRUSTOR/GRANTOR and the OWNER TRUSTEE separately;

7. In the event that the TRANSFER CERTIFICATE OF TITLE NO. E-21, 982, CCLOA No.
00356417 will be parcelized and a new individual title is issued pursuant to DAR SPLIT
PROJECT, the OWNER TRUSTEE, his/her heirs, assigns and successor-trustee, without
further demand from TRUSTOR/GRANTOR, hereby UNDERTAKE, BIND AND
OBLIGATE herself to surrender and reconvey to the beneficiary TRUSTOR/GRANTOR,
his heirs, assigns and successor-in-interest, the undivided interest/share containing an
area of of TWELVE THOUSAND, FOUR HUNDRED FIFTY-EIGHT (12, 458) square
meters more or less;

8. This Land Trust Agreement is binding not only against the original OWNER TRUSTEE, but
also to his/her heirs, assigns and successor-trustee in the event of death, disqualification
and incompetency of the original OWNER TRUSTEE. In the same manner, this Land Trust
Agreement is likewise binding not only against the original beneficiary
TRUSTOR/GRANTOR, but also to his/her heirs, assigns and successor-in-interest;

9. After the TRANSFER CERTIFICATE OF TITLE NO. E-21, 982, CCLOA No. 00356417, be
parcelized and a new individual title is issued pursuant to DAR SPLIT PROJECT, this
Land Trust Agreement shall automatically terminate when the OWNER TRUSTEE,
his/her heirs, assigns and successor-trustee, transfer and reconvey the undivided
interest/share containing an area of TWELVE THOUSAND, FOUR HUNDRED
FIFTY-EIGHT (12,458) square meters, more or less, to the beneficiary
TRUSTOR/GRANTOR, heirs, assigns and successor-in-interest;

That both parties hereby agree and accept all the terms and conditions above-mentioned and they
executed the same freely and voluntarily.

IN WITNESS WHEREOF, We have hereunto affixed our signatures this _ th day of

___________ 2021, at Pagadian City, Zamboanga del Sur, Philippines.

HEIRS OF EUSTAQUIO CABALES

Represented By: FAJARDO CABALES CELESTINA JAKOSALEM

TRUSTOR/GRANTOR TRUSTEE

SIGNED IN THE PRESENCE OF:

HON. EFREN CAJOTE CHANDA BAGA

 BERNARDINO BUNGABONG RAINIER MONTEMAYOR

BEFORE ME, this ___th day of __________________ 2021, personally appeared the above-named persons, and
exhibited to me their respective Identification Cards known to me and to me known to be the same persons who executed
the foregoing instrument and acknowledged to me that the same is their free act and deed.

WITNESS MY HAND AND NOTARIAL SEAL

DOC. NO____

PAGE NO. _____

BOOK NO.____

SERIES OF 2021