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Home My WebLink About96-01616 _.I>, No. q~ - III//P I Civil Term 8tni ~MA . J), aJ. '.. ! VS. \. ~..:...~ 'yI1. ~~., .d.,a/. , , -1\ Court of Common Pleas Cumbo Co. i\ . . . . d '.j, ~ ~ .. . '. of \., . M ~l . i. :t.._', . . .. - . .~ . "".."..' , ." 's .p. "'1-. :: , , '~'o -/ ~i . ~ '... I . " -. 1 .' Of 1." . ~,~ t t ~ "'. . . '. \: ... 'l~ " .-.. ',. l " '. ' " " ", :-- J~ L, IN THE UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF PENNSYLVANIA , '1, '1'1'_ iJi. r; ,')Ji;:.&.1f INRE TIMOTHY M, BLOSSER HELEN T. BLOSSER Debtor(s) TIMOTHY M. BLOSSER HELEN T. BLOSSER Movant(s) CASE NO. 1-96-03642 CHAPTER 13 v. DOCKET NO 96-1616 CUMBERLA UNTY FILED ra.:.~~~~.... EAST PARK INNS Respondent 1.18. ORDER _t11 0.... 01 ... ""''''llr.'I CoIl~ ... .. a.o"", CIo<tl AT Harrisburg, in said District, this.n..t.L day of * ... - _ ,2000; UPON consideration of the foregoing Motion for ErU/y of DefaUI~Udgment, and it appearing that no Motion or Answer was filed to the Motion by the time set forth in an Order, goad reason appearing therefor, no objections appearing thereto, it is hereby ORDERED AND DECREED that the relief prayed for in the Motion be, and hereby Is granted, to ,,, wit, the judgment of East Park Inns in the amount of $10,000.00 entered in Cumberland County In all real and personal property of the Debtor be and hereby is avoided. BY THE COURT: JJlJiobOlt l f/aodlld. THE HONORABLE ROBERT J. WOODSIDE Chief Bankruptcy Judge CERTIFIED FROM THE RECORD thiS~ day of ~X./lu<\.\'/ ,1-8:)c..)(") / Margaret". ~mjlh. Cia::;, OJ:1:;ru;)\cy Court / ' Pei ,ot'. "'-,-~.' 'II""'. ..,,,... . '-' D::,"ty Clr.rk 11 ~' ~. 1\1,-,. Cllt". )l\;llv l'...~_J} ~IISS0RY NOTE BORROWER: TIMOTHY M. BLOSSER HELEN T. BLOSSER 204 Nonh Fronl SlIeel Wormleysburg. PA 17043 LENDER: EAST PARK INNS. a Pennsylvania General Pannership, d/b/a Shermon Harrisburg Inn KOO East Park Drive Harrisburg. PA 17111 PRINCIPAL AMOUNT: $10,000 (proceeds of loan used for inventory of business) RATE: 9% DATE OF NOTE: fJI !r; ~ PROMISE TO PAY. TIMOl'HY M. BLOSSER and HELEN T. BLOSSER, his wife, ("Borrower"), promise to pay to EAST PARK INNS, a PenMylvania General Pannership, d/b/a Sheralon Har.isburg Inn ("Lender"), or order, in lawful money of the Uniled Stales of America, on demand. the principal amount of Ten Thousand Dollars ($10,000.00). together with intereslon the unpaid oUlstanding principal balance. PAYMENT. Borrower will pay this loan imrnedialely upon ll:nder's demand. In addition, Borrower will pay intereS! only of Seventy.five Dollars ($75.00) per month for six monlhs beginning April I. 1996; lbenatlar Borrower will pay regular monthly payments of all accrued unpaid interest due as of each paymenl dale, and such principal as Lender specifies, in monthly installments on Ihe first day or every month. Interesl on thiI Note is 9% per annum. Borrower will pay Lender at Lender's address shown above or at such othct plal:e II Lender may designate in writing. Unless o!herwise agreed or required by applicable law, paymenll will be applied first to accrued unpaid interest. then to principal, and any remaining amounlto any unpaid colloctloll COSIS and late charg... PREPAYMENT, Borrower may pay withoul penalty all or a ponion of the amount owed earlier than il II due. Early paymenls will nOlo unless agreed 10 by Lender in writing. relieve Borrower of Borrower's obU&Gn to continue to llIJIke payments of accrued unpaid inlereS!. Rather. !hey will reduce Ihe principal balance due. LATE CHARGE. If a payment is len (10) days or Rlore lale. BUlIlIwer will be charged 5.000% of !he RlI'Ilarly ..hedulN rayment lIr SIlH10. \\hkhcver is greater, _..:::. ..... ........',..- < ..'....,'~.... .,,~. ~ll<''''.\!o.' ..~.. """""'\ ... DU'AlILT. Borrower will be in default if any of Ihe follLwlltg happens: (al Borrower breaks any promise Borrower has made to Lender. or Borrower fails to comply wilh or 10 perform when due any olher lerm. obligalion. covellant. or condilion colllained in this Nole or any ag....menl related 10 Ihis NOle. or in any olher agreement or loan Borrower has with Lender, (c) Borrower defaults under any loan. extension of credit. security agreemelll. purchase or sales agreement. or any olher agreemelll. in favor of any olher creditor or person thaI may materially affect any of Borrower any of Borrower's propeny or Borrower's ability to repay this Note or perfonn Borrower's obligations under this NOle. (d) Any represenlallon or Slalemenl made or furnished to Lender by Borrower or on Borrower's behalf Is false or misteading In any malerlal respecl either now or at the lime made or furnished. (e) Borrower becollles insolvent. a receiver is appoinled for any part of Borrower's properlY, Borrower makes an assignmenl for Ihe beneOI of creditors. or any proceeding is commellced eilher by Borrower or againsl Borrower under any bankruplcy or insolvency laws. (0 Any creditor Irles to lake any of Borrower's properlY 011 or In which Lender has a lien or security IlIIerest. This Includes a gamishment oi any of Borrower', accOUIllS with Lender. Ig) Any of the even" described III Ihis default seclion occurs with respect 10 any guarantor of this NOle. (h) A malerlal adverse change occurs in Borrower's Onanclal condilion. or Lender believes Ihe prospect of paymenl or performance of the indebledness is impaired. (I) Lender in good faith deems itself insecure. If any default, other Ihan a default in payment is curable and if Borrower hIlS nOI been given a notice of a breach of Ihe same provision of Ihis Note wilhin Ihe preceding twelve (12) mOlllhs, it may be cured (and no event of default will have occurred) if Borrower. afler receiving wrinen notice from Lender demanding cure of such default: (a) cures Ihe default within sixty (60) days: or (b) if Ihe cure requires more than sixty (60) days, immedialely initiales Sleps which Lender deems in Lender's sole discretion to be suCOclelllto cure Ihe default and thereafter conlinues and compleles all reasonable and necessary steps sufOclenlto produce compliance as soon as reasonably practical. LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare Ihe entire unpaid principal balance on Ihis Note and all accrued unpaid intereSl immediately due, and then Borrower will pay that amOUIII. Lender may hire or pay someone else 10 help collect this Note If Borrower docs not pay. Borrower also will pay Lender that amount. This includes, subject 10 any limits under applicable law, Lender's anorneys' fccs and Lender's legal expenses whether or not there is a lawsuit, including anomeys' fees and legal expenses for bankruplcy proceedings (including effons to modify or vacate any automatic Slay or injunclion), appeals. and any anticipated post.judgment collection services. If not prohibited by applicable law, Borrower also will pay any coun costs. in addition to all olher suns provided by law. If judgment Is entered in conneclion with Ihis NOle, inlereSl will cOlllinue 10 acc:.~ on this Note after judgment at the Interest rate applicable to Ihis NOle althe lime judgmelll is elllered. DISHONORED ITEM FEE, Borrower will pay a fee to Lender of $25.00, if Borrower makes a payment on Borrower's loan and the check or prcauthorlzcd charge with which Borrower pays is later dishonored. GENERAL PROVISIONS. This NOle is payable on demand. The inclusion of speciOc default provisions or rights of Lender shall nOI preclude Lender's right to declare paymenl of this NOle on its demand. Lender may delay or forgo enforcing any of its rights or remedies under this NOle without losing them. Borrower and any other person lol.... n 19lIlC \lj,nl!1(t't "',ONPi,..WUU,lmunn KTI. I \ \ I I , " wbo .ign.. guarant..s or .ndor"" lbi. Nol., 10 lb. .'I.nt allow.d by law. waive pr.""nlm.nl. d.mand or paym.nt. prol..1 and nOli.. of dlSbonor, IJpon any cbang. ,n Ih. ,.rms of lhi. Nol.. and unl." olherwise: ..pre..ly Slat.d 10 wtlllng. no parlY who .ign.thlS No,.. wh.lh.r as mak.r. guaranlUr. accommodalion ,naIl.r or .ndo"",r. shall be r.I....,d from liabllilY All sucb parll.S agr.e Ihal Lender may renew or e".nd (repe.ledly and for any lenllth of lime) this loan. or rel.""e any pany or guarantor or collateral; or impair. fail 10 realile upon or perfect Lend.r's ",curllY in'ereSlllllhe collateral; and take any olher aclion deemed nec.ssary hy Lender withoulth. consent 01' or notice 10 anyone, All .uch pani.. also all.... lhat Lender may modify Ihis loan wilhoetlhe consent of or nOlice '0 anyone olher than Ihe pollY wilh whom Ihe modification i. made, If allY ponion of this Nole is for any rea:lon d.termined to he unenforc.ahle. it WIll nol affect the enforc.ability of any other provisions of this Note. BORllOWER HEREBY IRREVOCABLY AU'fHOIUZES AND EMpOWERS ANY ATl'ORNEY OR THE PROTHON<Y\'ARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA. OR ELSEWHERE. TO APPEAR A'f ANY 'nl\U: H)1l BORROWER AND WITH OR WITHOJJ1' COMPLAINT FlUD. AS OF ANY TERM. CONFESS OR ENTER JUDGMENT AGAINST BORllOWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREst. TOGETHER WITH COSTS OF SUIT. AND AN ATl'ORNEY'S COMMISSION OF TEN PER CENT (10"') OF THE UNPAID PRINCIPAL BALANCE AND ACCRUED INTEREsT FOR COLLECTION. BJJ1' IN ANY EVENT NOT LESS THAN FlVE HUNDRED DOLLARS ($500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECJJ1'IONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING. THIS NanCE OR A copy OF THIS NOTE VERlFlED BY AffiDAVIT SHALL BE suffiCIENT wARRANT. THE AJJ1'HORl'fY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINst BORllOWER SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THIS N<Y\'E. BORllOWER HEREBY WAIVES ANY RIGHT BORROWER MAY HAVE TO NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH CONFESSION OF JUDGMENT. AND sT A TES THAT BORROWER !tAll BEEN REPRESENTED BY LEGAL COUNSEL. INITIALS: ~ :ML CONFE!>SION OF JUllGMENT. PRIOR TO SIGNING THIS NOTE. BORllOWER READ AND UNDERstOOD ALL THE PROVISIONS OF THIS NOTE. INCLUDING THE VARIABLE INTEREst RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE N<Y\'E AND ACKNOWLEDGES RECEII"1' OF A COMPLETt:D COpy Of THE NOTE. ;/ (SEAL) (SEAL) v..,t:': ,..... "'"'Ul."rt;"'ll"'"tl."'l,~'~lI'''''IIWI'\l1 OIl. j a- - 3 Ii { 7<f { -V C; c1 1 71. '.. (1'\ '.. 11.. d c:: f._. C" >~ 0 0 .j <::. f._ , . .[) ...::1 [lJ LU'. q \f) 0/ c:'- ,:l.i) ":l- I[) (.: , , - . j ~ -::r 00 ~ .<J L.... ...0- L~ . ) , ...... ...... ...0 (, c,',_ .", 0 Li!" ":1) II! ">I 'll L' . <: ,'- .; <.L. i . cJ t',. ." C ,.. .. .. L".l , .. I c.: C~ . fj , I-I: , c.j~ ....- C' , n " , 1-:. , C u: ,. - J , ,- .' ., , f .