Fuster Fuster v. Registrar of Property of Guayama

88 P.R. 460
CourtSupreme Court of Puerto Rico
DecidedMay 31, 1963
DocketNo. 1397
StatusPublished

This text of 88 P.R. 460 (Fuster Fuster v. Registrar of Property of Guayama) is published on Counsel Stack Legal Research, covering Supreme Court of Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fuster Fuster v. Registrar of Property of Guayama, 88 P.R. 460 (prsupreme 1963).

Opinion

Mr. Justice Pérez Pimentel

delivered the opinion of the Court.

The corporation Mueblerías Fuster, Inc., subscribed a promissory note in favor of Enrique Calimano McCormick, or to his order, for the sum of $50,000, setting forth that this obligation would be secured by mortgage on two urban properties.

On August 22, 1961 the spouses Rafael Fuster and Lupercia González and Mueblerías Fuster, Inc., executed deed No. 19 before Notary Santiago C. Soler Favale, whereby they constituted unilaterally a mortgage on two urban properties owned by the spouses Fuster-González in order to secure the aforementioned negotiable note.

The deed having been presented in the Registry of Property of Guayama, the Registrar recorded the same but setting forth a curable defect and denying registration as to a certain mortgage clause by means of the following decision:

“The preceding document is recorded, after examining another complementary document, at folios 207 reverse and 151 reverse of Volumes 104 and 109 of Guayama, properties Nos. 2894 and 15602, 17th and 14th inscriptions, respectively, with the curable defect that the deed sought to be recorded for the purpose of the distribution of the mortgage liability between the properties encumbered by the mortgagee, Enrique R. Cali-mano McCormick, is not legally accepted. Registration or recital of the Second Mortgage Clause is denied on the ground that it extends the mortgage lien to the lands which are added by [462]*462consolidation to those mortgaged, in violation of the provisions of articles 110 and 111 of the existing Mortgage Law, entering instead a cautionary notice for the legal period of 120 days in favor of the mortgagee. In addition to .the mortgage héreby constituted, property letter A is subject to, etc.”

It is a well-known principle in mortgage law that voluntary mortgages may be validly constituted not only by agreement of the parties, but also by the exclusive act of the owner of the properties on which they are constituted, and no showing is required of the acceptance by the person in whose favor the lien is directly or indirectly created. Santiago v. Registrar of Guayama, 25 P.R.R. 797 (1917); Pérez Blanco v. Registrar of Guayama, 37 P.R.R. 589 (1928). According to art. 119 of the Mortgage Law (30 L.P.R.A. § 215), when a number of estates are mortgaged at the same time for a single credit, the amount or part of the lien to be borne by each shall be determined. Article 164 of the Mortgage Law Regulations (30 L.P.R.A. § 1085) provides in turn that registrars shall not record any mortgage on different property subject to the same obligation, unless by agreement between the parties or by a judicial order in a proper case the amount which each estate is to secure shall be determined. Where no distribution of liability among the several properties mortgaged to answer for one single obligation is made in a mortgage deed, such deed is not recordable in the Registry of Property, J. M. Portela & Co. v. Registrar, 41 P.R.R. 281 (1930); however, when the liability is distributed by the mortgagors alone, the only persons appearing as parties in the mortgage deed, the omission of a formal acceptance of the mortgage by the mortgagee constitutes a curable defect in the title. Morales v. Registrar, 37 P.R.R. 799 (1928); Sanabria v. Registrar, 37 P.R.R. 810 (1928). This liability distribution requirement, established for the benefit of the mortgagor, cannot be waived, Galiñanes Hnos., Inc. v. Registrar, 65 P.R.R. 541 (1946); Crédito y Ahorro Ponceño [463]*463v. Registrar of San Juan, 30 P.R.R. 131 (1922). The principle of liability distribution is equally applicable to mortgages constituted to secure negotiable notes or notes to bearer. Gómez v. Registrar of Mayagüez, 35 P.R.R. 56 (1926). In the latter class of voluntary mortgages, does the Act require the mortgagees to accept the distribution of the liability of the properties mortgaged?

The name of the mortgagee cannot be specified in mortgages to secure titles to bearer, and in the registration it is set forth that the mortgage is constituted in favor of the holders of the obligations mentioned in the deed. Article 153 of the Mortgage Law (30 L.P.R.A. § 266) and art. 184 of the Regulations (30 L.P.R.A. § 1118). The impossibility that the mortgagee in these cases may accept the distribution is evident since the mortgagees are unnamed and unknown persons. This is an exception to art. 164 of the Regulations, since the distribution is made unilaterally by the mortgagor without there being any agreement between the parties nor a judicial order. Aside from that, the circulation of the obligations entails the express acceptance of the mortgage. Alfonso de Cossio y Corral, Lecciones de Derecho Hipotecario 217.

We believe that the mortgages to secure notes to order are comprised within the same exception. Although the in-determination of the owner in these mortgages is relative because the name of the senior mortgagee appears at least in the obligation, the assignment of the title is made by means of a simple endorsement without the need of notifying the mortgagor or of setting forth the assignment in the Registry. The mortgage right is deemed to be transferred together with the obligation or with the deed. Article 153 of the Law (30 L.P.R.A. § 266); Colberg v. Banco Territorial y Agrícola, 12 P.R.R. 307 (1907). In many instances it may appear that on the date of presentation in the Registry of the mortgage securing a negotiable obligation, the latter may [464]*464have been assigned, by endorsement, to a junior creditor unknown to the Registry and even to the mortgagor. In such case, how could there be an agreement between the parties to determine beforehand the amount which each piece of property is to secure, as required by art. 164 of the Mortgage Law Regulations?

On the other hand, art. 164 of the Regulations is not applicable, in our opinion, to the present case, since here the loan contract was executed between a corporation and Mr. Calimano, while the mortgage securing the obligation executed by the debtor corporation was constituted unilaterally by third persons, the latter being the only party in the constitution of the lien which the commentators label “security mortgage.” There are not, therefore, parties which may agree on the distribution of liability. The Law does not even require that this voluntary mortgage be ratified by the mortgagee. Article 141 of the Law. Indeed, as Roca Sastre asserts,1 “the indetermination of the person of the owner in this class of deeds, coupled with the incorporation of the obligation secured by the deed, renders impossible the normal application of the common rules bearing on the constitution and system of the mortgages.”

Lastly, we agree with said commentator that the distribution proceedings, the conventional as well as the judicial, are applicable only in normal situations and that, by exception, the distribution is made unilaterally, namely, by the mortgagor alone, in the mortgages constituted in order to secure notes to bearer and also those executed by the sole disposition of the owner.

For the reasons stated, the mortgage deed should have been recorded without the curable defect noted by the Registrar.

[465]

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