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Rural Bank of Dasmarinas Vs. Nestor Jarin, Apolinar Obispo, and Vicente Garcia in his capacity as Register of Deeds of the Province of Cavite

RURAL BANK OF DASMARINAS, INC. Petitioner, versus NESTOR JARIN, APOLINAR OBISPO, and VICENTE GARCIA in his capacity as Register of Deeds of the Province of Cavite, Respondents

G.R. No. 180778 | 2009-10-16

D E C I S I O N


CARPIO MORALES, J.:

Respondents Nestor Jarin (Jarin) and Apolinar Obispo (Obispo) were awarded Certificates of Land Transfer (CLT) over portions of a parcel of land in Burol, Dasmariñas, Cavite which was covered by Transfer Certificate of Title (TCT) No. 2295.

Before respondents could be issued Emancipation Patents (EP), they obtained on December 21, 1988 a loan from petitioner, Rural Bank of Dasmariñas, Inc. (RBDI), in whose favor they executed a Real Estate Mortgage over the parcels of land covered by their CLT (hereafter farm lots). As the farm lots were still covered by TCT No. 2295, the owner thereof, Dr. Paulo Campos...