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Lopez vs. El Hogar Filipino

BUENAVENTURA LOPEZ and ROSARIO JAVELONA, plaintiffs-appellants, vs. EL HOGAR FILIPINO, Sociedad Mutua de Construccion y Prestamos, defendant-appellant; and REGISTRAR OF DEEDS OF OCCIDENTAL NEGROS, defendant-appellee.

G.R. No. L-22678 | 1925-01-12

EN BANC
DECISION

VILLAMOR, J.:

This litigation arose out a loan of P84,000 which the defendant El Hogar Filipino had made to the spouses Buenaventura Lopez and Rosario Javelona on March 17, 1920. Beginning May 31, 1921, the debtors failed to make the monthly payments stipulated in the contract; wherefore, the board of directors of El Hogar Filipino, at the expiration of the three months of delinquency provided for in clause 9 of the document, Exhibit 1, copied hereinafter declared the loan due and payable.

The mortgaged properties were sold publicly in an extrajudicial sale and were purchased by El Hogar Filipino. The debtors filed a...