G.R. No. 142403 - ALEJANDRO GABRIEL AND ALFREDO GABRIEL, VS. SPOUSES PABLO MABANTA AND ESCOLASTICA COLOBONG, DEVELOPMENT BANK OF THE PHILIPPINES (ISABELA BRANCH) AND ZENAIDA TAN-REYES.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, in the light of the foregoing considerations judgment is hereby rendered: DECLARING Exhibit A, the deed of sale with assumption of mortgage executed by the spouses Pablo Mabanta and Escolastica Colobong (in favor of Alejandro and Alfredo Gabriel) valid and subsisting. ORDERING the plaintiff Alejandro Gabriel to pay to the spouses Pablo Mabanta and Escolastica Colobong the sums of P 5,000.00 plus P 34,426.05 (representing the loan with the DBP which plaintiff assumed) within 30 days from receipt hereof. DECLARING the deed of sale executed by the spouses Pablo Mabanta and Escolastica Colobong in favor of Zenaida Tan Reyes as null and void. ORDERING the intervenor Zenaida Tan-Reyes to reconvey the land covered by T.C.T. No. T-160391 in favor of Alejandro Gabriel. SO ORDERED.