six months after the registration of the mortgage contract.

Lastly, the Contract to Sell in favor of

Escalona was executed on 13 January 1983, or nearly two years after the registration of the
mortgage on 3 February 1981. Consequently, petitioners Cahayag, Rivera and Escalona, were
bound to the mortgage executed between mortgagor Dulos Realty and mortgagee CCC, by virtue
of its registration. Definitely, the buyers each had constructive knowledge of the existence of the
mortgage contract when they individually executed the Contracts to Sell.