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Anastacio G. Dungo vs. Adriano Lopena, Et Al. 116 Phil. 1305

ANASTACIO G. DUNGO, petitioner, vs. ADRIANO LOPENA, ROSA RAMOS and HON. ANDRES REYES, Judge of the Court of First Instance of Rizal, respondents.

G.R. No. L-18377 | 1962-12-29

D E C I S I O N 


REGALA, J.: 

On September 10, 1959, herein petitioner Anastacio G. Duñgo and one Rodrigo S. Gonzales purchased 3 parcels of land from the respondents Adriano Lopena and Rosa Ramos for the total price of P269,804.00. Of this amount, P28,000.00 was given as down payment with the agreement that the balance of P241,804.00 would be paid in 6 monthly installments. 

To secure the payment of the balance Anastacio G. Duñgo and Rodrigo S. Gonzales, the vendees, on September 11, 1958, executed over the same 3 parcels of land a Deed of Real Estate Mortgage in favor of the respondents Adriano Lopena and Rosa Ramos. This...