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Florencio Gonzalez Diez Vs. Romarico Agcaoile 052 Phil 305

FLORENCIO GONZALEZ DIEZ, plaintiff-appellee, vs. ROMARICO AGCAOILE, ET AL., defendants. ANGEL A. ANSALDO, appellant.

G.R. No. 28609 | 1928-10-31

D E C I S I O N


ROMUALDEZ, J.:

To secure a loan of P16,000, Romarico Agcaoili executed a first and special mortgage in favor of the plaintiff on an urban property belonging to him, evidenced in a public instrument which was registered in the registry of deeds under the provisions of Act No. 496.
Said debtor having defaulted, paying on account only P500 on May 22, 1925, the plaintiff brought this action for the collection of the balance of the credit and the fulfillment of the other obligations stipulated, with due and unpaid interest at 12 per cent, plus the corresponding legal interest, and the sum of P1,600 as penalty.
Teodoro R....