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Esteban M. Sadang, Et Al. vs. Government Service Insurance System

ESTEBAN M. SADANG and MARIA LACHICA, plaintiffs-appellants, vs. GOVERNMENT SERVICE INSURANCE SYSTEM, defendant-appellee.

G.R. No. L-23448 | 1966-10-28

D E C I S I O N 


CONCEPCION, C.J.: 

Appeal taken by plaintiffs Esteban M. Sadang and his wife Maria Lachica, from a decision of the Court of First Instance of Manila dismissing their complaint, with costs against them. 

Plaintiffs obtained from the Government Service Insurance System a loan of P144,000.00, on September 13, 1957, and an additional loan of P29,000.00, on August 11, 1958, payable, with interest, on installments. To guarantee the payment thereof, plaintiffs constituted a real estate mortgage on a parcel of land, belonging to them, situated in Manila and more particularly described in Transfer Certificate of Title...