G.R. No. 174096 - SPOUSES DIVINIA C. PUBLICO AND JOSE T. PUBLICO,*, VS. TERESA BAUTISTA.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, judgment is hereby rendered in favor of [respondent] and against [petitioners] as follows: [On] the first cause of action a) Ordering [petitioners] to pay [respondent] the principal sum of P200,000.00 plus interest at the rate of 6% per year and penalty at the rate of 6% per year both to commence on October 26, 1998. b) In default thereof, the mortgaged property under TCT No. T-244828 shall be ordered foreclosed by the Court. On the second cause of action a) Ordering [petitioners] to pay [respondent] the total amount of P697, [714.58] plus interest at the rate of 6% per year to commence on October 26, 1998. On the third cause of action a) Ordering [petitioners] to pay [respondent] the sum of P20,000.00 as and by way of attorney's fees. b) Ordering [petitioners] to pay costs of suit. [Respondent] is directed to return TCT Nos. T-265662(M) and T-265663 to [petitioners]-spouses. All other damages prayed for by the [respondent] and the counterclaim of [petitioners] are dismissed for lack of merit. SO ORDERED.