Amelia Cabrera Simbul v. Technology Resource Center (Formerly Technology

Summary

This case involves a real estate mortgage dispute where Amelia Cabrera Simbul served as accommodation mortgagor for Anastacio Tamayo Jr.'s P1,000,000 loan from Technology Resource Center, using her Pampanga property as collateral. When the loan was restructured and reached P2,329,248.27, petitioner sought to annul the mortgage, claiming her liability was extinguished due to restructuring without her consent. The RTC dismissed her complaint, finding the mortgage contract expressly provided for continuing liability despite loan modifications. The Supreme Court affirmed, ruling that petitioner violated the hierarchy of courts and that the mortgage agreement clearly stipulated the property would secure original and subsequent loans or restructuring without requiring new contracts. The Court emphasized that accommodation mortgagors need not be notified of restructuring unless contractually stipulated, and petitioner's earlier offer to redeem the property constituted acknowledgment of the mortgage's validity.