http://www.canlii.org/en/on/onsc/doc/2012/2012onsc4032/2012onsc4032.html
Centurion Farms Ltd. v. Citifinancial Canada Inc., 2012 ONSC 4032 (CanLII)
CITATION: Centurion Farms Ltd. v. Citifinancial Canada Inc., 2012 ONSC 4032
COURT FILE NO.: 10-17191
DATE: 2012-07-06
ONTARIO
SUPERIOR COURT OF JUSTICE
| B E T W E E N: | ) | |
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| Centurion Farms Ltd. | )
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William P. Dermody and
Angela L. Papalia, for the Plaintiff |
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| Plaintiff | ) | |
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| - and - | ) | |
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| Citifinancial Canada Inc. | )
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Kevin D. Sherkin and
Carmine J. Scalzi, for the Defendant |
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| Defendant | )
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| )) | HEARD at Hamilton, Ontario:
June 15, 2012 |
The Honourable Justice C. A. Tucker
ENDORSEMENT
Background
[1] The plaintiff held a mortgage on property municipally described as 4198 Corrine Court, Burlington, Ontario. The principal amount of the mortgage was $35,000.00 when it was registered on April 30, 2003. By February 2009 the principal amount was increased to $91,673.42 as a result of additional advances to the mortgagor. The plaintiff postponed its mortgage twice; first to Effort Trust, and then to Citifinancial Canada Inc. (“Citifinancial”). The Effort Trust mortgage had….”