G.R. NO. 152483 - RURAL BANK OF SIATON, (NEGROS ORIENTAL), INC., VS. FELIX MACAJILOS AND QUIRICO MACAJILOS, JR..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, on the basis of the foregoing discussion, judgment is hereby rendered: 1. Declaring the foreclosure of the mortgaged property null and void ab initio; 2. Declaring [Macajilos] the rightful owners of the land subject matter of this case; 3. Ordering the Provincial Assessor's Office to cancel Tax Dec. No. 022478 in the name of Fidela Macalipay and issue another Tax Declaration in the name of Felix Macajilos and Quirico Macajilos covering the same property; 4. Ordering the Rural Bank of Siaton, Inc. to immediately release from mortgage the land covered by Tax Dec. 022478 in the name of Fidela Macalipay; and 5. Ordering the Rural Bank of Siaton, Inc. to pay [Macajilos] the following: a. P10,000.00 as moral damages; b. P10,000.00 as exemplary damages; c. P5,000.00 as attorney's fees; and d. costs of the suit. SO ORDERED.