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de la Riva vs. Reynoso

ANTONIO DE LA RIVA, plaintiff-appellee, vs. MARCELIANO REYNOSO, defendant-appellant. LA URBANA, MUTUAL BUILDING AND LOAN ASSOCIATION, defendant-appellee.

G.R. No. 41701 | 1935-08-09

D E C I S I O N


IMPERIAL, J:

The plaintiff brought an action against the defendant Marceliano Reynoso to foreclose the second real estate mortgage which the latter executed in his favor. In the complaint La Urbana was joined as defendant because it has a first mortgage on the same real property executed by the said Reynoso.

After trial, judgment was rendered ordering Reynoso to pay La Urbana the sum of P11,224.20 as principal, with interest thereon at nine per cent per annum from June 1, 1933, until fully paid, and to pay De la Riva the sum of P6,378 as principal, with interest thereon at eight per cent per annum from May 9, 1933,...