credit transactions 1
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1.SPOUSES FELIMON and MARIA BARRERA, petitioners, vs. SPOUSES EMILIANO and MARIA CONCEPCION LORENZO, respondents.On December 4, 1990, spouses Felimon and Maria Barrera, petitioners, borrowed P230,000.00 rom spouses Mi!uel and Mar" #a$aro. %&e loan was secured b" a real estate mort!a!e'1( o)er petitioners residential lot consistin! o 432 s*uaremeters located at Bunlo, Bocaue, Bulacan and re!istered in t&eir names under %ranser +erti,cate o %itle -%+%. %/42.303 -M.'2( o t&e 1e!istr" o Deeds o Bulacan.2 mont& and a &al later, t&e #a$aro spouses needed mone" and inormed petitioners t&at t&e"would transer t&e loan to spouses 3miliano and Maria +oncepcion #oren$o, respondents. +onse*uentl", on Ma" 14, 1991, petitioners e4ecuted anot&er real estate mort!a!e'3( o)er t&eir lot, t&is time in a)or o t&e respondents to secure t&e loan o P325,000.00, w&ic& t&e latter claimed as t&e amount t&e" paid spouses #a$aro. %&e mort!a!e contract pro)ides, amon! ot&ers, t&at t&e new loan s&all be pa"able wit&in t&ree -3. mont&s, or until 2u!ust 14, 19916 t&at it s&all earn interest at 57 per mont&6 and t&at s&ould petitioners ail to pa" t&eir loan wit&in t&e said period, t&e mort!a!e s&all be oreclosed.8&en petitioners ailed to pa" t&eir loan in ull on2u!ust 14, 1991, respondents allowed t&em to complete t&eir pa"ment until December 23, 1993. On t&is date, t&e" made a total pa"ment oP9:0,000.00.On ;anuar" 10, 1994, respondents wrote petitioners demandin! pa"ment o P325,000.00, plus interest, ot&erwise t&e" would oreclose t&e mort!a!e.'4( ce o t&e 34/O>cio ?&eri@, Malolos, Bulacan, docAeted t&ereinas 3;F 19/94.For t&eir part, petitioners ,led wit& t&e 1e!ional %rial +ourt -1%+., Branc& 10, Malolos, Bulacan, a complaint or t&e return o t&eir %+% Bo. %/42.303 -M., sum o mone" and dama!es, wit& applicationor a temporar" restrainin! order and preliminar" in=unction, docAeted as +i)il +ase Bo. 159/M/94.'0(rmed t&e 2u!ust 11, 2005 Decision3 o t&e 1e!ional %rial +ourt, Branc& 33, Manila +it".On Februar" 15, 2001, petitioners spouses Deo 2!ner and Maricon 2!ner e4ecuted a Promissor" Bote wit& +&attel Mort!a!e in a)or o +itimotors,