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Home My WebLink About96-00980 r: r[' ('~:-""-"'r: ,__ _, _-" C'"":.' r;\..,~ \.,' j . ;"~'" ~'( !~'j ~:,., _'"': r.t ,. I! -, "" I' ... JUDGMENT NOTE '''". --rJt:7.i.4lptiLi. I~ II 1'9<1-5 oc~ , 1995 ~ $2,~91.00 ~ ..-L ~t~. nt.. iJ.4 V AND NOW, this I day of "''''1:;&.4, 199~, FOR VALUE RECEIVED, this Judgment Note is made by and between the undersigned, MICHAEL R. WHITEHEAD and JEAN WHITEHEAD, (hereinafter referred to as "Obligors") and SILVER SPRING TOWNSHIP AUTHORITY, a municipal corporation (hereinafter referred to as "Obligee"). Obligors, and their executors, administrators, successors and assigns are held and firmly bound unto Obligee, and its .ucce..ors and assigns, and Obligors do hereby promise to pay to the order of Obligee, without defalcation, the principal sum ot Two Thousand Five Hundred Ninety-one and NO/100 ($2,~9l.00) Dollars, together with interest on the entire unpaid principal at the rate ot tive percentum (~') per annum, trom November 1, 199~. Said payments shall be made in laWful money ot the United States ot America. The principal sum and interest shall be paid in twenty-two (22) monthly installments in the amounts and on the date. shown on the Amortization Schedule attached hereto marked "Exhibit A" and incorporated herein by reterence thereto. This Judgment Note may be prepaid, in whole or in part, without penalty and without the accrual ot additional interest on the prepaid principal atter the date ot prepayment, but all prepayments shall be applied to any installments then outstanding in the inverse order ot their maturity. Protest and notice ot dishonor are hereby waived. It at any time default shall occur in the payment ot principal or interest, as set forth in this Judgment Note, for the space ot titteen (15) days atter payment thereof shall have been due, then the entire unpaid principal and accrued interest shall become due and payable immediately. with or without default hereunder, Obligors authorize and empower Obligee'S attorney-at-law or the prothonotary ot any court of record of Pennsylvania, or elsewhere, to appear f~r and to contess judgment against Obligors, and in tavor of Obligee, for the entire unpaid principal and accrued interest, together with all charges and costs thereof, and together with accrued interest after declaration filed, and together with attorney's fees of five percent (5%) of the entire unpaid principal, and enter judgment without process against Obligors, with or without declaration, and Obligors hereby release all errors in any such proceedings and waive all rights of objection, exception and 1,:XIlI BIT .\ i'lll'.','" 1 lIt '. P.I:";L'.,) ,. appeal, and pursuant to and upon such judgment, obligors hereby authorize and consent to immediate execution upon any property, real, personal or mixed, wheresoever situated, hereby voluntarily condemning the same, and no bill in equity, petition or other proceeding shall be tiled or intertere in any manner with the operation ot such judgment or execution thereupon, hereby ratitying and confirming all that said attorney-at-law or prothonotary may do by virtue hereot, and waiving and releasing all rights and benetits ot appraisement, and inquisition ot real estate, stays ot execution and exemption laws ot any juriSdiction now in torce or hereatter enacted. obligors turther authorize that any such judgment taken against them may be cross-tiled as a municipal lien in the municipal lien docket ot the county in which such judgment is entered. obligors represent, certity and warrant that they have read and reviewed the contents ot this Judgment Note, that they understand the provisions hereot, that they are aware and understand that the Judgment Note authorizes the contession and entry ot a judgment against them tor the entire unpaid principal, together with interest at the rate ot tive percent (5') per annum, charges, costs and attorney's tees ot tive percent (5t), and that they have signed this J~dgment Note voluntarily and with the intent to be bound legally hereby. This Judgment Note shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. The assignment or transter ot this Judgment Note shall be binding upon and inure to the benefit of the successors, assigns, transferees, personal representatives, executors, administrators and heirs ot obligors and Obligee, respectively. IN WITNESS WHEREOF, obligors have signed and sealed this Judgment Note the day and year first written above. WITNESS: ~.ik4 cJ~ A. /i " ~ ,.....~ 71 (SEAL) ~ (SEAL) -2- EXliliHT A (P,lgl' 2 llf ,+ Pa}',l's) . . , . 2XHIBI'1' A AMORTIZATION SCHEDULE WI PAYMENT INTEREST PRINCIPAL RALAlfCl! Noveaber 1, 1995 $125.00 - $125.00 $:1,446.00 Deceaber 1, 1995 125.00 10.19 114.81 2,331.19 January 1, 1996 125 . 00 9.71 115.29 2,21'.90 'ebruary 1, 1996 125.00 9.23 11'.77 2,100.13 March 1, 1996 125.00 8.75 116.25 1,983.89 April 1, 1996 125.00 8.26 116.74 1,867.14 May 1, 1996 125.00 7.77 117.23 1,749.91 June, 1, 1996 125.00 7.29 117.71 1,632.20 July 1, 1996 125.00 6.80 118.20 1,'14.00 Auguat 1., 1996 125.00 6.30 118.70 1,395.30 Septell1:ler 1, 1996 125.00 5.81 119.19 1,276.11 October 1, 1996 125.00 5.32 119.68 1,156.43 November 1, 1996 125.00 4.82 120.18 1,036.2' Deceaber 1, 1996 125.00 4.32 120.68 915.57 January 1, 1997 125.00 3.82 121.18 794.39 ,ebruary 1, 1997 12'.00 3.31 121.69 672.70 March 1, 1997 125.00 2.80 122.20 550.50 April 1, 1997 125.00 2.29 122.71 427,79 May 1, 1997 125.00 1.78 123.22 304.57 June 1, 1997 125.00 1.27 123.73 180.84 July 1, 1997 125.00 .75 124,25 56.59 Auguat 1, 1997 56.83 .24 56.59 - EX1![Ull ,\ (P.l:._~I' 't ,!! '. [1,1;.:<.';...) 1. . 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