Brady v. Park

Opinion

VOROS, Judge:

T 1 This is a dispute over a $675,000 promissory note. The note was amortized over thirty years, but a balloon payment was due in about ten years. Although Appellees (the Bradys) made every monthly payment for nearly ten years-albeit some late-Appellants (Park) won a judgment against them for more than $2.4 million.

T2 On appeal, both parties contest the trial court's reading of the note. For different reasons, both challenge the trial court's ruling with respect to compound interest. In addition, Park challenges the trial court's refusal to enforce the note's 10% late fee,…