G.R. No. 196323 - PNB-REPUBLIC BANK (MAYBANK PHILIPPINES, INCORPORATED), VS. REMEDIOS SIAN-LIMSIACO.DECISION - Supreme Court E-Library

Ruling

WHEREFORE, in view of the foregoing considerations, the petition is hereby GRANTED. The mortgage contracts hereinunder enumerated as annotated in the respective Certificates of Title of the properties mortgaged, are hereby declared unenforceable and of no force and effect due to prescription. x x x x The Register of Deeds of Bacolod City is hereby directed to cancel Entry Nos. 99726, 122381, 130934 as annotated at the back of TCT No. T-74488 covering Lot 8 and the same entries annotated at the back of T-55619 covering Lot 1, without need of presenting the original owner's duplicate title. Likewise, the Register of Deeds of the Province of Negro s Occidental, is also directed to cancel Entry No. 288015 annotated at the back of TCT No. T~ 121539 covering Lot 214; the same entry annotated at the back of TCT No. T- 121543 covering Lot 215; the same number of entry annotated at the back of TCT No. T-121541 covering Lot 213-B; and the same number of entry annotated at the back of TCT No. T-80515 covering Lot 96, all of Himamaylan Cadastre, without the need of presenting the original owner's duplicate copies of the respective titles. SO ORDERED.