Back

Hijos De I. De La Rama Vs. Salvador Betia, Et Al. 054 Phil 991

HIJOS DE I. DE LA RAMA, plaintiff-appellant, vs. SALVADOR BETIA, ASTURIAS SUGAR CENTRAL, INC., and THE PHILIPPINE NATIONAL BANK, defendants-appellees.

G.R. No. 31155 | 1929-12-27

D E C I S I O N


AVANCEá'A, C.J.:

On July 13, 1920, Salvador Betia mortgaged to plaintiff Hijos de Isidro de la Rama several parcels of land described in the document drawn up for that purpose (Exhibit A), in order to secure the payment of a P30,000 loan. The conditions of the mortgage, among others, are that the money loaned shall be used exclusively for agricultural purposes; that Betia shall produce at least 3,000 piculs of sugar at each crop; that all of Betia's plantations and all the sugar which he might produce from 1921 to 1922 are likewise put under first mortgage to the plaintiff; that all the sugar that might be produced by...