38 N.W.2d 897 | Mich. | 1949
In this foreclosure of a real estate mortgage the only issue presented is this: During what period of time should plaintiffs be allowed to recover interest on a sum of money found to be due on the mortgage loan? Plaintiffs, who are appellants, claim they are entitled to recover interest from May 18, 1942, but the trial court allowed interest at 5 per cent. per annum only from the date decree was entered herein, October 25, 1948. There is no controversy about the unpaid principal amount of the mortgage loan — $16,238.35. Much of the factual background of the instant case appears in our opinion in a former suit between these same parties. See Miskinis v. Bement,
In January, 1941, plaintiffs made a usurious mortgage loan to one or both of defendants, which plaintiffs are foreclosing in the instant case. Plaintiffs' right to recover interest prior to the entry of decree herein is barred by the statute (CL 1948, § 438.52 [Stat Ann § 19.12]) governing in that respect usurious loans, unless prior to decree herein something occurred between the parties in consequence of which the action was purged of usury.
It is plaintiffs' contention that by our decision in the former case the transaction between these parties was purged of usury. This contention is not maintainable. Courts speak through their judgments and decrees. Michigamme Oil Co. v. Huron ValleyBuilding *406 Savings Ass'n,
We find nothing in the record which would justify a holding that the transaction between these parties was purged of usury prior to the circuit court's decree in the instant case, which provided for interest at 5 per cent. per annum on the amount due after date of the decree. The decree as entered in the circuit court is affirmed, with costs to appellees. The case is remanded for any appropriate future proceedings therein.
SHARPE, C.J., and BUSHNELL, BOYLES, REID, DETHMERS, BUTZEL, and CARR, JJ., concurred. *407