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Tan De Jua vs. J. M. Po Paoco, et al. 054 Phil 354

TAN DE JUA, plaintiff-appellant, vs. J. M. PO PAOCO, ET AL., defendants-appellees.

G.R. No. 31588 | 1930-01-31

D E C I S I O N

STREET, J.: 

On September 20, 1922, the plaintiff Tan De Jua, resident of the municipality of Iloilo, lent the sum of P10,000 to J. G. Tan Jongco, of Sibalom de Iloilo, in the Province of Antique, and as security for this loan Tan De Jua took a mortgage, to mature a year later, on property belonging to Tan Jongco. In April, 1923, the plaintiff increased the loan by P5,000, thus making the mortgage debt of P15,000. Both these instruments were duly registered in the office of the register of deeds of the Province of Antique, where the mortgaged property was situated. 

Some time prior to the date when the mortgage, as...