The plaintiff mortgagee brought a summary judgment motion to enforce mortgage debts and seek possession of a commercial property after the defendants defaulted.
The defendants argued the motion should be dismissed because the plaintiff failed to initially adduce the standard charge terms, engaged in negotiations that invalidated the Notice of Sale, and included amounts in the Notice of Sale that violated the Interest Act.
The court rejected these arguments, finding the standard charge terms were known to the parties, the negotiations did not constitute enforcement steps, and while the Notice of Sale contained accounting errors (including an improper 24% holdover interest rate), these defects did not invalidate the notice or preclude summary judgment.
The court granted summary judgment for the principal amounts, adjusted interest rates, and allowable fees, and issued an order for possession.