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Aurora Gonzales Vda. De Zaballero Vs. Court Of Appeals, Et Al.

AURORA GONZALES VDA. DE ZABALLERO and the heirs of PATERNO ZABALLERO, petitioners, vs. HON. COURT OF APPEALS, FOURTEENTH DIVISION, HON. ELISA R. ISRAEL, Presiding Judge, RTC of Manila, Branch 4, THE SHERIFF OF MANILA AND MONTE DE PIEDAD & SAVINGS BANK, respondents.

G.R. No. 106958 | 1994-02-09

D E C I S I O N


PUNO, J.:

The facts, as narrated in the Decision 1 of the Court of Appeals, dated April 27, 1992, are undisputed:

"On July 5, 1978, spouses Paterno Zaballero, Sr. and Aurora Gonzales obtained a loan in the sum of Four Hundred Twenty Thousand (P420,000.00) Pesos from respondent Monte de Piedad Savings Bank, as a security for payment of which they executed a real estate mortgage over their residential lot located in Sampaloc, Manila and Covered by Transfer Certificate of Title No. 130117 of the Registry of Deeds of Manila.

"By September 30, 1992, the obligation of the mortgagors increased to Five Hundred Thousand Three...