Supreme Court of Puerto Rico January 29, 1963, No. 1389 (Caribe Nitrogen Corp. v. Registrar of Property of San Germán)

Mr. Justice Dávila

delivered the opinion of the Court.

Caribe Nitrogen Corporation, formerly González Chemical Industries, Inc., executed a first mortgage on August 1, 1955 *160on two immovables located in the municipality of Guánica. This mortgage was recorded in the Registry of Property of San Germán on November 9,1955.