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Ernesto Salazar Vs. Flor De Lis Meneses, Et Al., 118 Phil. 512

ERNESTO SALAZAR and SOLEDAD G. DE SALAZAR, plaintiffs-appellants, vs. FLOR DE LIS MENESES, AVELINO SEBASTIAN, TERESA DE LOS REYES, ERNESTO DIZON, GONZALO DIZON, LEONARDO DIZON, and PHILIPPINE TRUST Co., defendants-appellees.

G.R. No. L-15378 | 1963-07-31

D E C I S I O N


DIZON, J.:

On May 29, 1950, Antonio Dizon, married to Teresa de los Reyes, and registered owner of a parcel of land and its improvements situated at M. Natividad St., Manila covered by Transfer Certificate of Title No. 76223 of the Registry of Deeds of said city, mortgaged the same in favor of Flor de Lis Meneses to secure the payment of a loan of P6,000.00. When this amount was increased to P7,000.00, he executed a supplementary mortgage on the same property on June 6, 1950. Both mortgages, duly registered on June 1 and June 9, 1950, respectively, contained an irrevocable special power of attorney authorizing the...