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BASCIANO v. TOYET REALTY CORP.

167 A.D.2d 203 (1990)

Richard Basciano, Doing Business as 4 Keys Leasing and Maintenance Co., Appellant, v. Toyet Realty Corp. et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

November 13, 1990

Petitioner purchased real property from respondents on December 22, 1983 and executed a mortgage note (Note) and purchase-money mortgage (Mortgage) to respondents. The Note bore interest at 10% per annum and provided for monthly installments in the sum of $3,964.60. The Note further provided that the unpaid principal balance and any accrued interest would be due and payable on January 1, 1989 and that the parties expressly waived...

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