The plaintiff mortgagee sought summary judgment to enforce a matured mortgage, demanding principal, interest, an additional three months' interest, administrative charges, and legal fees.
The defendant mortgagors conceded principal and interest but disputed the additional three months' interest, administrative fees, and legal fees, relying on s. 17 of the Mortgages Act and s. 8 of the Interest Act.
The court held that s. 17 of the Mortgages Act did not apply to resist the additional interest, but s. 8 of the Interest Act barred the three months' interest as it constituted a fine or penalty.
The administrative charges and legal fees associated with enforcement were deemed permissible as they were not fines or penalties under s. 8.
Summary judgment was granted for principal, interest, and enforcement-related fees, but not for the additional three months' interest.