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Lim, et al vs. Register of Deeds of Rizal

MANUEL LIM and EMILIA QUINTOS DE LIM, petitioners-appellants, vs. THE REGISTER OF DEEDS OF RIZAL, oppositor-appellee.

G.R. No. L-1739 | 1949-02-03

D E C I S I O N

FERIA, J p:

Manuel Lim and Emilia Quintos de Lim mortgaged on December 2, 1940, four parcels of land with its improvements thereon, described in the transfer certificate of title No. 21783 of the office of the Register of Deeds of Rizal, with the Agricultural and Industrial Bank for P10,500, payable by installments. The mortgagors had been making partial payments on account of the mortgage obligation. On June 5, 1944, the mortgagors paid in full the balance due to the mortgagee, and the latter executed a deed of cancellation of the mortgage. The deed of cancellation together with the mortgagors' duplicate of said transfer...