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JurisprudenceG.R. No. 168940 -

G.R. No. 168940 - SPS. ISAGANI CASTRO AND DIOSDADA CASTRO, VS. ANGELINA DE LEON TAN, SPS. CONCEPCION T. CLEMENTE AND ALEXANDER C. CLEMENTE, SPS. ELIZABETH T. CARPIO AND ALVIN CARPIO, SPS. MARIE ROSE T. SOLIMAN AND ARVIN SOLIMAN AND JULIUS AMIEL TAN.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 278,RA 383,
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TL;DR — Ruling

WHEREFORE, the appealed judgment is hereby AFFIRMED with the MODIFICATION that plaintiffs-appellees may redeem the mortgaged property by paying the defendants-appellants spouses Isagani and Diosdada Castro the amount of P30,000.00, with interest thereon at 12% per annum from February 17, 1994 until fully paid plus penalty charges at the same rate from February 17, 1994 to June 21, 2000. SO ORDERED.

Decision

Ruling

WHEREFORE, the appealed judgment is hereby AFFIRMED with the MODIFICATION that plaintiffs-appellees may redeem the mortgaged property by paying the defendants-appellants spouses Isagani and Diosdada Castro the amount of P30,000.00, with interest thereon at 12% per annum from February 17, 1994 until fully paid plus penalty charges at the same rate from February 17, 1994 to June 21, 2000. SO ORDERED.