The Trustees of Hospital Mortgage Group v. Compania Aseguradora Interamericana S. A. Panama v. Parque Industrial Rio Canas, Inc., Third-Party

The plaintiff-appellee (Trustees) brought this action to foreclose on a mortgage on certain plots of land in the Rio Cana Industrial Park, south of San Juan. On May 28, 1981, the district court issued an order requiring the defendant-appellant (Compañía) either (1) to post a bond of $67,167.09 with the court, securing its mortgage liability, or (2) to satisfy its property tax liability on the mortgaged realty and repay the plaintiff for taxes advanced on the defendant’s behalf. The defendant contends that this order constituted an abuse of the trial court’s discretion. We do not reach that…