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Home My WebLink About96-00981 '. / r: '0)." c,:c~~ 4, -:t r . ~.- " 1 . .' , .. J I: ' S JUDGMENT NOTE $2,468.00 January 31, 1996 AND NOW, this 31st day ot January, 1996, FOR VALUE RECEIVED, this Judgment Note is made by and between the undersigned, JEANETTE M. EURICH, also known as JEANETTE M. BURDICK and MICHAEL A. BURDICK, (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 successors and assigns, and Obligors do hereby promise to pay to the order of Obligee, without defalcation, the principal sum of Two Thousand Four Hundred Sixty-eight and No/l00 ($2,468.00) Dollars, together with interest on the entire unpaid principal at the rate of five percentum (5') per annum, from January 1, 1996. Said payments shall be made in lawful money of the United states of America. The principal sum and interest shall be paid in thirty-six (36) monthly installments in the amounts and on the dates shown on the Amortization Schedule attached hereto marked "Exhibit A" and incorporated herein by reference thereto. This Judgment Note may be prepaid, in whole or in part, without penalty and without the accrual of additional interest on the prepaid principal after the date of prepayment, but all prepayments shall be applied to any installments then outstanding in the inverse order of their maturity. Protest and notice of dishonor are hereby waived. If at any time default shall occur in the payment of principal or interest, as set forth in this Judgment Note, for the space of fifteen (15) days after 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 of any court of record of Pennsylvania, or elsewhere, to appear for and to confess judgment against Obligors, and in favor 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 EXHIIlIT ,\ Pdgl' I Ilf !. l'ilgt'S 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 filed or interfere in any manner with the operation of such judgment or execution thereupon, hereby ratitying and confirming all that said attorney-at-law or prothonotary may do by virtue hereof, and waiving and releasing all rights and benefits of appraisement, and inquisition ot real estate, stays of execution and exemption laws ot any jurisdiction now in force or hereafter enacted. Obligors further authorize that any such judgment taken against them may be cross-filed as a municipal lien in the municipal lien docket of the county in which such judgment is entered. Obligors represent, certify and warrant that they have read and reviewed the contents of this Judgment Note, that they understand the provisions hereof, 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 of five percent (5t) per annum, charges, costs and attorney's fees ot five percent (5t), and that they have signed this Judgment 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 transfer of this Judgment Note shall be binding upon and inure to the benefit of the successors, assigns, transferees, personal representatives, executors, administrators and heirs of Obligors and Obligee, respectively. IN WITNESS WHEREOF, Obligors have signed and sealed this Judgment Note the day and year first written above. WITNESS: ~.;t/ /,d'H- _. ~~- /( A- - Cr-~ ./( ~{: , :?it? T/t(2V1 St.7///(i~~) ~/ Jeane te M. Eu ch V ,--7 " , t';d/a'L) Jeanette M. Burd ck tlM'~(';;~ e'SEALJ M ch el A.. rd ck , ......-..-., ...., -2- EXHIBIT A Pilgl' 2 II f t. Pagl~s ... EXHIBIT A AMORTIZATION SCHEDULE D.Ujj PAYMENT INTEREST PRINCIPAL BALANCE February 1, 1996 $ 75.00 $ 10.28 $ 64.12 $2,403.28 March 1, 1996 75.00 10.01 64.99 2,338.29 April 1, 1996 75.00 9.74 65.26 2,273.03 May 1, 1996 75.00 9.47 65.53 2,207.50 June 1, 1996 75.00 9.19 65.81 3,141.69 July 1, 1996 75.00 8.92 66.08 3,075.61 August 1, 1996 75.00 8.64 66.36 3,009.25 September 1, 1996 75.00 8.37 66.63 1,942.63 October 1, 1996 75.00 8.09 66.91 1,875.71 November 1, 1996 75.00 7.81 67.19 1,808.52 December 1, 1996 75.00 7.53 67.47 1,741.05 January 1, 1997 75.00 7.25 67.75 1,673.30 February 1, 1997 75.00 6.97 68.03 1,605.27 March 1, 1997 75.00 6.68 68.n 1,536.95 April 1, 1997 75.00 6.40 68.60 1,468.35 May 1, 1997 75.00 6.11 68.89 1,399.46 June 1, 1997 75.00 5.83 69.17 1,330.29 July 1, 1997 75.00 5.54 69.46 1,360.83 August 1, 1997 75.00 5.25 69.75 1,191.08 September 1, 1997 75.00 4.96 70.04 1,U1.04 October 1, 1997 75.00 4.67 70,33 1,Q50.71 November 1, 1997 75.00 4.37 70.63 980.08 December 1, 1997 75.00 4.08 70,92 909.16 January 1, 1998 75.00 3.78 71.22 837.94 February 1, 1998 75.00 3.49 71.51 766.43 March 1, 1998 75.00 3.19 71,81 694.62 April 1, 1998 75.00 2.89 72,11 622.51 May 1, 1998 75.00 2.59 72.41 550.10 June 1, 1998 75.00 2.29 72.71 477.39 July 1, 1998 75.00 1.98 73.02 404.37 August 1, 1998 75.00 1.68 73,32 331.05 September 1, 1998 75.00 1.37 73.63 257.42 October 1, 1998 75.00 1.07 73.93 183.49 November 1, 1998 75.00 .76 74.24 109.25 December 1, 1998 75.00 .45 74.55 34.70 January 1, 1999 34.84 .14 34.70 EXll111l1 .\ P;q~t' It j I r- '. i',l:'~l".; '1 ..:. ~ ~ -i! :) "... .'./ v (. , i " -C 'J r'- r-<: (.) ..' 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