G.R. No. 195889 - PHILIPPINE NATIONAL BANK, VS. SPOUSES EDUARDO AND MA. ROSARIO TAJONERA AND EDUAROSA REALTY DEVELOPMENT, INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered in favor of plaintiffs and against the defendant: 1. NULLIFYING and CANCELLING the Supplement to Real Estate Mortgage dated January 28, 1992 and the Certificate of Sale dated October 9, 1997. 2. NULLIFYING and CANCELLING the Transfer Certificate of Title No. 9424-R, Registry of Deeds for San Juan, Metro Manila, and REINSTATING Transfer Certificate of Title No. 29733, Registry of Deeds for San Juan, Metro Manila. 3. ORDERING the defendant to pay the plaintiffs the amount of P500,000.00 as moral damages. 4. ORDERING the defendant to pay the plaintiffs the amount of P200,000.00 as exemplary damages. 5. ORDERING the defendant to pay the plaintiffs the amount of P100,000.00 as and by way of attorneys fees. 6. Costs of suit. Counterclaims are hereby DISMISSED for lack of merit. SO ORDERED.