Page 499 - Important Provisions of The New Civil Code

Article 2125. In addition to the requisites stated

in Article 2085, it is indispensable, in order that

a mortgage may be validly constituted, that the

document in which it appears be recorded in

the Registry of Property. If the instrument is not

recorded, the mortgage is nevertheless binding

between the parties.

The persons in whose favor the law establishes

a mortgage have no other right than to demand

the execution and the recording of the

document in which the mortgage is formalized.

Article 2131. The form, extent and

consequences of a mortgage, both as to its

constitution, modification and extinguishment,

and as to other matters not included in this

Chapter, shall be governed by the provisions of

the Mortgage Law and of the Land Registration

Law. (1880a)