G.R. No. 196118 - LEONARDO C. CASTILLO, REPRESENTED BY LENNARD V. CASTILLO, VS. SECURITY BANK CORPORATION, JRC POULTRY FARMS OR SPOUSES LEON C. CASTILLO, JR., AND TERESITA FLORES-CASTILLO.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered in favor of the plaintiff Leonardo C. Castillo and against the defendants SECURITY BANK CORPORATION, and JRC POULTRY FARMS or SPS. LEON C. CASTILLO, JR. and TERESITA FLORES-CASTILLO declaring as null and void the Real Estate Mortgage dated August 5, 1994, the Memorandum of Agreement dated October 28, 1997 and the Certificate of Sale dated August 27, 1999 insofar as plaintiffs property with Transfer Certificate of Title No. T-28297 is concerned. The Security Bank Corporation is likewise ordered to return the ownership of the Transfer Certificate of Title No. T-28297 to plaintiff Leonardo Castillo. Likewise, defendants spouses Leon C. Castillo, Jr. and Teresita Flores-Castillo are hereby ordered to pay plaintiff moral damages in the total amount of P500,000.00 and exemplary damages of P20,000.00. All other claims for damages and attorneys fees are DENIED for insufficiency of evidence. SO ORDERED.