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Raymundo S. De Leon Vs. Republic of the Philippines

RAYMUNDO S. DE LEON, Petitioner, versus BENITA T. ONG.[1], Respondent

G.R. No. 170405 | 2010-02-02

D E C I S I O N


CORONA, J.:

On March 10, 1993, petitioner Raymundo S. de Leon sold three parcels of land[2] with improvements situated in Antipolo, Rizal to respondent Benita T. Ong. As these properties were mortgaged to Real Savings and Loan Association, Incorporated (RSLAI), petitioner and respondent executed a notarized deed of absolute sale with assumption of mortgage[3] stating:

x x x x x x x x x

That for and in consideration of the sum of ONE MILLION ONE HUNDRED THOUSAND PESOS (P1.1 million), Philippine currency, the receipt whereof is hereby acknowledged from [RESPONDENT] to the entire satisfaction of [PETITIONER], said...