G.R. No. 243296 - CEFERINO BAUTISTA (SUBSTITUTED BY HIS SON AND LEGAL REPRESENTATIVE, PHILIP DE VERA BAUTISTA), FELISA BAUTISTA, AND NEHEMIAS BAUTISTA, VS. SPOUSES FRANCIS AND MINDA BALOLONG, METROPOLITAN BANK AND TRUST COMPANY, AND THE REGISTER OF DEEDS, LINGAYEN, PANGASINAN.D E C I S I O N - Supre

Ruling

WHEREFORE, premises considered, judgment is hereby rendered: DISMISSING the case with respect to defendant Minda Balolong and defendant Metrobank[;] DECLARING the Real Estate Mortgage and TCT No. 262244 in the name of defendants spouses Francis and Minda Balolong that was used as collateral in the real estate mortgage to be valid[,] binding[,] and effective on the ground of the principle of innocent mortgagee or buyer in good faith applicable to the defendant bank[;] DECLARING TCT No. 262245 in the name of William Bautista as null and void; DECLARING TCT No. 262246 in the name of plaintiff Nehemias Bautista as null and void; ORDERING defendant Francis Balolong to pay the plaintiffs spouses Bautista an amount equivalent to the principal amount of the loan, which is Php1,500,000.00 as well as legal interest therein; ORDERING defendant Francis Balolong to pay the plaintiffs spouses Php50,000.00 as moral damages, Php50,000.00 as exemplary damages[,] and Php50,000.00 as attorney's fees. SO ORDERED.