D E C I S I O N
Tinga, J.:
The instant petition for review assails the Decision of the Court of Appeals dated 13 November 2003 in CA G.R. CV No. 61151 captioned "Herminia Cando v. Spouses Aurora Olazo and Claudio Olazo."[1]
The facts of the case are not disputed.
On 27 April 1987, Aurora and Claudio Olazo (respondents) mortgaged to Herminia Cando (petitioner) a parcel of land with improvements thereon to secure the payment of their P240,000.00 loan. The real estate mortgage was embodied in a written instrument titled "Mortgage of Realty." In the said instrument, the parties agreed that should the mortgagors fail to...
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