Nile Bank Limited v Tramsways Trading Co. Ltd (Civil Suit No. 1447 of 1999) (Civil Suit No. 1447 of 1999) [2000] UGHC 26 (12 July 2000)

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\fs24\lang2057\langfe2057\cgrid\langnp2057\langfenp2057 \sbasedon0 \snext16 \styrsid8787253 footer;}{\*\cs17 \additive \sbasedon10 \styrsid8787253 page number;}} {\*\latentstyles\lsdstimax156\lsdlockeddef0}{\*\pgptbl {\pgp\ipgp0\itap0\li0\ri0\sb0\sa0}}{\*\rsidtbl \rsid4391987\rsid8787253\rsid9856744\rsid11159336\rsid12978106\rsid13449477}{\*\generator Microsoft Word 11.0.5604;}{\info {\title THE REPUBLIC OF UGANDA }{\author Administrator}{\operator kgalenda}{\creatim\yr2009\mo6\dy5\hr11\min53}{\revtim\yr2009\mo6\dy5\hr12\min15}{\version4}{\edmins22}{\nofpages6}{\nofwords1092}{\nofchars6228}{\*\company JSI}{\nofcharsws7306} {\vern24689}}\paperw11906\paperh16838 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\formshade\horzdoc\dgmargin\dghspace180\dgvspace180\dghorigin1800\dgvorigin1440\dghshow1\dgvshow1 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)}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8 \pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \s15\qc \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1 \widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid12978106 \fs24\lang2057\langfe2057\cgrid\langnp2057\langfenp2057 {\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 THE }{ \b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 REPUBLIC}{\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 OF }{ \b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 UGANDA}{\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 IN THE HIGH COURT OF UGANDA AT }{ \b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 KAMPALA}{\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 CIVIL SUIT NO.14471999 }{ \b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line NILE }{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 BANK}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 }{ \b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 LIMITED }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 ::::::::::::::::::::}{\lang1033\langfe2057\langnp1033\insrsid12978106 ::::::::::::::::::}{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 :::::: }{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 PLAINTIFF/APPLICANT \line VERSUS \line TRANSWAYS}{\b\lang1033\langfe2057\langnp1033\insrsid12978106 }{ \b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 TRADING}{\b\lang1033\langfe2057\langnp1033\insrsid12978106 }{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 CO.}{\b\lang1033\langfe2057\langnp1033\insrsid12978106 LTD::::::::::::::::}{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 RESPONDENT/DEFENDANT \line BEFORE: }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 HON. }{ \b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 LADY}{\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 JUSTICE M. S ARACH-AMOKO \line JUDGMENT }{ \b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\b\lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 This suit was brought by an Originat}{ \lang1033\langfe2057\langnp1033\insrsid12978106 ing Summons under Section 7 of }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 8 of the Mortgage Decree, Order }{\lang1033\langfe2057\langnp1033\insrsid12978106 34 Rules 3A and 7 of the Civil }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Procedure Rules and Section 101 of t}{\lang1033\langfe2057\langnp1033\insrsid12978106 he Civil Procedure Act for the }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 determination of the following questions by this court: }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \fi-720\li1440\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 1}{ \lang1033\langfe2057\langnp1033\insrsid12978106 .}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 }{\lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 whether the Defendant/Respondent is in breach of the covenant to pay under the equitable mortgage \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 2. }{\lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 whether amount is due and owing to the mortgage under the above said equitable mortgage \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 3. }{\lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 whether the Plaintiff/Applicant is ent itled to release and enforce security under the mortgage by foreclosure and/or sale so as to recover the principal loan amount together with accumulated interest amounting to Shs .51,626,095. \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid8787253 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The facts upon which the relief sought is founded are set forth in the affidavit of Mr. Godfrey Ziwa, the Plaintiff\rquote s Legal Officer sworn on the 6}{\lang1033\langfe2057\super\langnp1033\insrsid4391987\charrsid12978106 th}{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 December 1999 in support of the Originating Summons. Briefly they are that:}{\lang1033\langfe2057\langnp1033\insrsid12978106 - \par }\pard \s15\ql \li720\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid12978106 Sometime }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 in 1988 the Plain}{\lang1033\langfe2057\langnp1033\insrsid12978106 tiff Applicant advanced to the }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Defendant/Respondent a short term fa}{\lang1033\langfe2057\langnp1033\insrsid12978106 cility by way of }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 overdraft upon the Defendant/Respondent presenting the Plaintiff/Applicant the properties }{\lang1033\langfe2057\langnp1033\insrsid12978106 comprised in Namirembe }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Block 8 Plot No.473 as security. \line }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 A certified copy of the Memorandum is attached. \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Respondent mortgaged property compri sed in Namirembe Block 8 Plot 473 registered in the names of Godfrey Jacob Kawere Nkago, the said registered proprietor having executed a Power of Attorney in favour of the Respondent and Michael Kawalya. A certified copy of the Power of Attorney is attac hed as }{\lang1033\langfe2057\langnp1033\insrsid12978106 \'93B}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid12978106 .}{\lang1033\langfe2057\langnp1033\insrsid12978106 \'94}{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\b\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The mortgage was registered on the 21.4.89 by way of lodging a caveat on the mortgaged property. A certified copy of the title Deed is annexed as }{ \lang1033\langfe2057\langnp1033\insrsid12978106\charrsid8787253 \lquote C\rquote . }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The amount owing and outstanding on t}{\lang1033\langfe2057\langnp1033\insrsid12978106 he Respondent \rquote s account is Shs.5}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 l,626,095. A bank statement of Loan Account No.00681531 operated by the Respondent and a copy of the status of the interest on the said accoun}{ \lang1033\langfe2057\langnp1033\insrsid12978106 t are attached as \lquote D\rquote and \lquote E\rquote . }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid8787253 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 That inspite of several reminders the Defendant/Respondent has failed, refused and/or neglected to settle the monies due and owing to the Plaintiff/Applicant in breach of the terms of the said facility. Copies of demand letters are attached as \lquote F \rquote \lquote G\rquote and \line \lquote H\rquote . \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Plaintiff/Applicant now prays court to grant the following orders: - \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \fi-720\li2160\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 1. }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Payment of all the principal loan plus accumulated interest amounting to Shs.51,626, 095. \line }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \li1440\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 2. }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 An order of foreclosure. \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \fi-720\li2160\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin2160\itap0\ipgp1\pararsid12978106 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 3. }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 An order that the mortgaged land be offered for sale by the mortgage consequent upon the order of foreclosure. \line }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 4. }{\lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Consequential and any further and other relief as the court may deem fit. \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 5. }{\lang1033\langfe2057\langnp1033\insrsid12978106 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Costs of the suit. \line }{ \lang1033\langfe2057\langnp1033\insrsid12978106 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid8787253 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Service of the originating summon on the Defendant was effected by substituted service in the New Vision Newspaper of Friday, 28}{\lang1033\langfe2057\super\langnp1033\insrsid4391987\charrsid12978106 th}{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 April, 2000 requiring the Defendant to appear personally or b}{\lang1033\langfe2057\langnp1033\insrsid12978106 y an }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 advocate on the 2}{\lang1033\langfe2057\super\langnp1033\insrsid4391987\charrsid12978106 nd}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 June 2000 at 9 o\rquote clock in the High Court in Kampala, if it desired to be heard upon the determination of the questions set out in the Originating Summons. \line }{\lang1033\langfe2057\langnp1033\insrsid12978106 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 On the 2}{\lang1033\langfe2057\super\langnp1033\insrsid4391987\charrsid12978106 nd}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 June 2000 when the matters was called for hearing, no one appeared for the Defendant/Respondent and the court proceeded to hear the Originating Summons ex parte under the provisions of Order 9 Rule 17(1) (a) of the Civil Procedure Rules. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Mr. David Mulira, learned counsel for the Plaintiff/Applicant presented the summons based on the affidavit of Ziwa and its annexture and prayed for the reliefs enumerated above. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 I have carefully perused the summons and its annextures, and I heard the submission by Mr. Mulira. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 In the absence of any evidence to the contrary, I make the following findings: \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \fi-720\li1440\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\ipgp1\pararsid9856744 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 1. }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 That the Defendant/Respo}{\lang1033\langfe2057\langnp1033\insrsid9856744 ndent operated Uganda shilling }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Account No.006815001 with t}{\lang1033\langfe2057\langnp1033\insrsid9856744 he Plaintiff/Applicant Bank at }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Plot 22 Jinja Road, Ka}{\lang1033\langfe2057\langnp1033\insrsid9856744 mpala. The debit balance as at }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 1.1.99 was shillings 37,630,600. \line (Annexture \lquote D\rquote }{ \lang1033\langfe2057\langnp1033\insrsid9856744\charrsid8787253 ). }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The accumulate}{\lang1033\langfe2057\langnp1033\insrsid9856744 d interest between 1.7.997 and }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 26.10.999 is Shs.13.995,95. This makes a total of Shs.51,626,095. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 2. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 That this amount remains outstanding despite demands. (Annexture \lquote F\rquote , \lquote G\rquote and \lquote H\rquote ). \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 3. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Defendant/Respondent secured the advances by deposi ting the Certificate of Title of Block 8 Plot 473, situated at Namirembe (Annexture \lquote C\rquote ). The registered proprietor of the said property one Godfrey Jacob Kawere Nkage granted a Power of Attorney to the Respondent dated 9/8/97 (Annexture \lquote B\rquote ) permitting the Respondent and one Michael Kawalya to inter alia, borrow upon the security of the said land. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 4. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Applicant lodged a caveat on the said property the vide Instrument No.1341509 on the 21.4.89. This created an equitable mortgage on the property. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid8787253 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 From t he above findings it can safely be concluded that the Respondent has defaulted in repayment of the loan and is therefore in breach of the contract to pay and the Applicant is thus entitled to the remedies sought. Under Section 1 of the Mortgage Decree, No .17 of 1974 in case of the failure of performance by a mortgager, the mortgagee is }{\lang1033\langfe2057\langnp1033\insrsid9856744\charrsid8787253 entitled}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 to sue the mortgagor or to realize his security in a manner provided in the Decree. Under Section 7 of the Decree, the mortgagee may apply to court to foreclose the r}{\lang1033\langfe2057\langnp1033\insrsid9856744 ight }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 of the mortgagor to redeem the mortgaged land any time after the breach of covenant to pay. The Court is thereupon obliged to determine the amount due, and may fix a date not exceeding six months from the date of failure to pay within which the mo rtgagor shall pay the amount due. If the mortgagor fails to pay on the date fixed by the court, then the court shall order that the mortgagor be foreclosed of his right to redeem the mortgaged land and subsequently sell the mortgaged property consequent u pon an order of foreclosure. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The right to sue can be exercised cumulatively with the right to sell. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 In conclusion therefore, having found as I have above, I an}{\lang1033\langfe2057\langnp1033\insrsid9856744 swer the questions as follows:-}{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \fi-720\li1440\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\ipgp1\pararsid9856744 {\lang1033\langfe2057\langnp1033\insrsid9856744 1.\tab }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Defendant/Respondent is in breach of the covenant to pay under an equitable mortgage. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 2. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The amount due and owing the mortgage is Shs .51,626,095. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 3. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Plaintiff/Applicant is entitled to realise and enforce the security under the mortgage by foreclosure and/or sale to recover the principal loan amount togethe}{\lang1033\langfe2057\langnp1033\insrsid9856744 r with accumulated interest }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 amounting to Shs.51,626,095. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid9856744 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 An}{ \lang1033\langfe2057\langnp1033\insrsid9856744 d I make the following order:-}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \fi-720\li1440\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\ipgp1\pararsid9856744 {\lang1033\langfe2057\langnp1033\insrsid9856744 1.\tab }{ \lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Defendant/Respondent shall pay all the principal loan plus interest amounting to Shs.51,626,095 within 30 days of this order but not later than 30 August 2000. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 2. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 If the Defendant/Re}{\lang1033\langfe2057\langnp1033\insrsid9856744 spondent fails to pay, then the }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Defendant/Respondent (mortgagor) shall be foreclosed of his right to redeem the }{\lang1033\langfe2057\langnp1033\insrsid9856744 mortgaged property composed in Nam}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 irembe Block 8 Plot 473 forthwith and the land shall be offered for sale consequen t upon the order of foreclosure in accordance with the Provisions of Section 8 of the Mortgage Decree of 1974. \line }{\lang1033\langfe2057\langnp1033\insrsid9856744 \par }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 3. }{\lang1033\langfe2057\langnp1033\insrsid9856744 \tab }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 The Respondent/Defendant shall pay the costs of this suit. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid9856744 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 M. S. }{ \b\lang1033\langfe2057\langnp1033\insrsid13449477 Arach-A}{\b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 moko, \line }{\b\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 JUDGE. }{ \b\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line 12.7.2000. \line }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \par }\pard \s15\ql \li0\ri0\sb100\sa240\sbauto1\sl360\slmult1\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\ipgp1\pararsid8787253 {\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Ruling delivered in Court. \line }{ \ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 Present: }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line Mr. Mulira for Applicant/Plaintiff. \line Mr. Okuni Charles - Court clerk. \line }{ \lang1033\langfe2057\langnp1033\insrsid9856744 \par M. S. Arach-Am}{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 oko \line }{\ul\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 JUDGE. }{\lang1033\langfe2057\langnp1033\insrsid4391987\charrsid8787253 \line 12.7.2000. \line

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