Opinion
No. 95-2681.
May 29, 1996. Rehearing Denied July 31, 1996.
An Appeal from the Circuit Court for Dade County; Ronald Friedman, Judge.
Charles M. Levy, Coral Gables, for appellants.
Jeffrey A. Jacobs, Coral Gables, for appellees.
Before JORGENSON, COPE and GERSTEN, JJ.
Affirmed. See Reilly v. Barrera, 620 So.2d 1116 (Fla. 5th DCA 1993); Breitbart v. Zaucha, 185 So.2d 496 (Fla. 3d DCA 1966) (penalty interest presumed to be limited to defaulted payments); cf. THFN Realty Co. v. Kirkman/Conroy Ltd., 546 So.2d 1158 (Fla. 5th DCA 1989) (where the language is clear and unambiguous, the mortgage provisions control the application of the default rate of interest).