Delfin Lee of Globe Asiatique, donates 85 Million worth to the Local Church of Mabalacat

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DEED OF DONATIONKNOW ALL MEN BY THESE PRESENTS:This Deed of Donation made and executed by:THE GLOBE ASIATIQUE REALTY HOL...

  • Category: Land
  • Published: 13/06/2014
  • Current Rating: /5 0 Vote

    Description

    DEED OF DONATION


    KNOW ALL MEN BY THESE PRESENTS:


    This Deed of Donation made and executed by:


    THE GLOBE ASIATIQUE REALTY HOLDINGS CORPORATIONS, a corporation duly organized and existing under Philippine Law with business address at W-1408,14th floor, PSE Center West Tower, Exchange Road, Ortigas Center, Pasig City, duly represented by its President, MR, DELFIN LEE, hereinafter referred to as DONOR;


    and


    The ARCHDIOCESE OF SAN FERNANDO, PROVINCE OF PAMPANGA, herein represented by HIS EXCELLENCY MOST REV. PANCIANO B. ANIETO, D.D., hereinafter to as the DONEE;


    WITNESSETH


    That for and in consideration of a desire to contribute to the spiritual upliftment of the faithful of Mabalacat, Pampanga, the DONOR has freely and voluntarily given, transferred and conveyed by the way of donation to the DONEE, its successors and assigns free and clear of any and all liens and encumbrances whatsoever all its rights, interest and title on the SANCTUARIO DE SAN ANGELO, a fully furnished Church building, located in Barrio Tabun, Municipality of Mabalacat, Province of Pampanga situated on a parcel of land more particularly described as follows:


    Original Copies of the Transfer of Title and the Master Plan are attached hereto and hereby turned over to the DONEE, receipt of which is hereby acknowledge and duly accepted.


    All other personal properties as well as its technical descriptions are attached in Annex “A”, and forms part of this Deed of Donation.


    Terms and Condition of the Donation:



    1. The Church shall hereby be named as SANCTUARIO DE SAN ANGELO in honor of St. Angelo of the Carmelite Order.

    2. The place shall be dedicated for the propagation of the Catholic faith and shall not be used for any other purpose.

    3. The exterior architectural design shall not be altered, modified, defaced in any manner whatsoever, and any necessary repair due to ordinary wear and tear shall be made only to the purpose of restoring the structure to its original state, form and condition.

    4. The above subject parcel of land shall be used solely and exclusively for the construction of the Church building and no other structure may intend to construct shall be subject to the consent and approval of Globe Asiatique Property Management Corporation.

    5. The above subject parcel of land shall not be alienated, sold, mortgaged, or in any manner encumbered by the DONEE. Any encumbrance, whether voluntary or through any legal orders issued by any competent court, shall be treated as inferior to the intention of the DONOR for which this act has been made and duly declared and annotated in the Registry of Deeds for Angeles City, Province of Pampanga.

    6. Any act violative of the restrictions imposed, or the conditions stated in the paragraphs 1-5 shall give rise to the right of the DONOR to rescind at its option, this entire Deed of Donation and revert back the ownership of the above subject parcel of land together with all its improvement to the DONOR, or in any case the DONOR’s corporate existence is terminated, to Mr. Delfin S. Lee or in any event of his demise, this right is passed on to his compulsory heirs.

    7. All of the foregoing are perpetual limitations and conditions imposed hereto by the DONOR, and no other issues may be raised by any other party to question the act made by the DONOR, or may claim any exception to the restrictions and conditions imposed hereto.

    8. At the option of DONOR it has right to secure his donation by purchasing a property insurance over the subject improvement. As owner of the insurance policy, the DONOR has exclusive right to name its beneficiary. The right of the beneficiary however to immediately preceding paragraph.


    IN WITNESS WHEREOF, the DONOR has here to subscribe this 25th day of January 2009 while DONEE has duly acknowledge and accepted to this Deed of Donation on even date.


    GLOBE ASIATIQUE REALTY


    HOLDINGS CORPORATION


    Represented by:


    MR. DELFIN LEE


    DONOR


    ARCHDIOCESE OF SAN FERNANDO,


    PROVINCE OF PAMPANGA


    Represented by:


    HIS EXCELLENCY MOST REV.


    PANCIANO B. ANCIETO, D.D.


    DONEE


    KNOW THE TRUTH www.globeasiatique.ph  


    Phone Number : 5766618
    Website URL : http://globeasiatique.ph

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