Island Life Ins. Co. Ltd v Huntley Manhertz & Yvonne Manhertz

IN THE SUPREME COURT OF JUDICATURE OF JAMAICA

CLAIM NO. C. L. 200011-072

BETWEEN ISLAND LIFE INS. CO. LTD. CLAIMANT

AND HUNTLEY MANHERTZ lSt DEFENDANT

AND YVONNE MANHERTZ 2ND DEFENDANT

CONSOLIDATED WITH

CLAIM NO. C. L. 20011 M-225

BETWEEN HUNTLEY MANHERTZ lST CLAIMANT

AND YVONNE MANHERTZ 2ND CLAIMANT

AND ISLAND LIFE INS. CO. LTD. DEFENDANT

Mr. Ransford Braham and Mrs. Susan Risden-Foster instructed by Livingston, Alexander

& Levy for Island Life Ins. Co. Ltd.

Mrs. Marvalyn Taylor-Wright and Mr. Winston Taylor instructed by Taylor-Wright &

Company for Mrs. Yvonne and Dr. Huntley Manhertz

Heard: September 19,20,21,22,23,26,27; December 12,13,14,15,16,20,2005

and March 17,2006

Sinclair-Haynes J (Ag.)

Dr. Huntley Manhertz and Mrs. Yvonne Manhertz (mortgagors) obtained a loan

of $4,500,000.00 from Island Life (mortgagees) in January 1995. The loan was secured

by property situated at 12 Gordon Town Road, Kingston 6 and was to be repaid in five

years by monthly installments of $168,447.86. Payments were to be made the first day of