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390
FIRST DIVISION.
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391
391
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No. P2554, it will be noted that Sections 121,122 and 124 of the
Public Land Act, refer to land already acquired under the Public
Land Act, or any improvement thereon and therefore have no
application to the assailed mortgage in the case at bar which was
executed before such eventuality. Likewise, Section 2 of Republic
Act No. 730, also a restriction
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392
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393
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394
394
SOUTH:
EAST;
WEST:
By Ardoin Street.'
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395
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Order dated January 10, 1979 (Ibid, p. 63), the Motion for
Reconsideration was denied for lack of merit. Hence, the
instant petition (Ibid., pp. 528).
The first Division of this Court, in a Resolution dated
March 9, 1979, resolved to require the respondents to
comment (Ibid, p. 65), which order was complied with the
Resolution dated May 18, 1979, (Ibid, p. 100), petitioner
filed its Reply on June 2, 1979 (Ibid., pp. 101112).
Thereafter, in the Resolution dated June 13, 1979, the
petition was given due course and the parties were
required to submit simultaneously their respective
memoranda. (Ibid, p. 114).
On July 18, 1979, petitioner filed its Memorandum (Ibid,
pp. 116144), while private respondents filed their
Memorandum on August 1, 1979 (Ibid, pp. 146155).
In a Resolution dated August 10, 1979, this case was
considered submitted for decision (Ibid, p. 158). In its
Memorandum, petitioner raised the following issues:
396
396
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397
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398
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399
SO ORDERED.
Teehankee (C.J.), Narvasa, Cruz and Gancayco, JJ.,
concur.
Decision modified.
Notes.As it is an essential requisite for the validity of
a mortgage that the mortgagor be the absolute owner of the
thing mortgaged, and it appearing that the mortgage was
constituted before the issuance of the patent to the
mortgagor, the mortgage in question is void and ineffective.
(Vda. de Bautista vs. Marcos, 3 SCRA 434.)
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