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Equitable PCI Bank, Inc (now known as Banco De Oro-EPCI, Inc.) Vs. Heirs of Antonio C. Tiu, et al.

EQUITABLE PCI BANK, INC. (now known as BANCO DE ORO – EPCI, INC.) Petitioner, versus HEIRS OF ANTONIO C. TIU, namely: ARLENE T. FU, MICHAEL U. TIU, ANDREW U. TIU, EDGAR U. TIU and ERWIN U. TIU, Respondents.

G.R. No. 178529 | 2009-09-04

D E C I S I O N


CARPIO MORALES, J.:

To secure loans in the aggregate amount of P7 Million obtained by one Gabriel Ching from herein petitioner Equitable PCI Bank, Inc. (now known as Banco de Oro-EPCI, Inc.),[1] Antonio C. Tiu (Antonio), of which herein respondents allege to be heirs, executed on July 6, 1994 a Real Estate Mortgage (REM)[2] in favor of petitioner covering a lot located in Tacloban City. Before the words "With my Marital Consent" appearing in the REM is a signature attributed to Antonio's wife Matilde.

On October 5, 1998, Antonio executed an Amendment to the Real Esate Mortgage[3] (AREM) increasing the amount secured by...