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Home My WebLink About96-02091 'l' i ~ ~ I 1 J I I I I 1 , 1 .. ~~ ~'I~ "', " ," ~ d - . o 'l' I . ~o 0..' ~l \ " r Farmers and Merchants Trust Co. of Chambersburg vs Arthur E. Smith Jr. and Karen M. Smith In the Court of Common Pleas of Cumberland County, PennBylvania ')f..' .)1; 'lit. r, Jacob Baker, Deputy Sheriff, who being duly sworn according to law says on October 9, 1996 at 6.55 o'clock P.M., E.D.S,T., he posted the property of Arthur E. Smith and Karen M. Smith at 38 Koser Lane, Shippensburg, Cumberland County, Pennsylvania with a copy of Real Estate Writ, Notice, Poster and Description il<':cording to law. R. Thomas Kline, Sheriff, who being duly sworn according to law, says he made diligent search and inquiry for two of the within named defendants, to wit, Arthur E. Smith and Karen M. Smith but was unable to locate them in his bailiwi.ck. He therefl)l-e deputized the Sheriff of franklin County, Pennsylvania to serve the within Real Estate Writ Notice Poster and Description according to law. FRANKLIN COUNTY RETURN, Now, October 19, 1996 at 2,03 o'clock P.M. served the wtihin Writ of Execution upon Arthur E. Smith at 157 Lincoln Way East, Chambersburg, Pa. 17201 (Sheriff's Office) by handing to Arthur a true & attested copy of the original Writ of Execution & Sale Bill and made known to him the contents thereof. So answers Laurie A. Etter, Deputy of Franklin Co., Pennsylvania Now, October 10, 1996 at 2.03 o'c1.or.k P.M. served the within Writ of Execution upon Karen M. Smith at 157 Lincoln Way East, Chambersburg, Pa. 17201(Sheriff's Office) by handing to Karen copy of the original Writ of Execution & Sille bi lIs and ",,,de k"nwn to her t.hp contents thereof. So answers Laurie ^. Etter, Deputy Sheriff of rranklin County, PennsylvanIa. R. Thomas Kline, Sheriff, who being duly sworn according to law, says that he served Real Estate Writ, Notice Poster and Description in the following manner, The Sheriff mailed one of the within named defendants, to wit, Arthur E. Smith Jr. a notice of the pendency of tho action by certified mail marked DELIVERY ONLY TO ADDRESSEE, to his last known address at 411 Westover Road, Shippensburg, Pennsylvania 17257. This letter was mailed under the date of October 4, 1996 and was received on October 5, 1996 with return receipt card signed by Arthur E. Smith Jr. Return receipt card is hereto attached. R. Thomas Kline, Sheriff, who being duly sworn according to law, says that he served Real Estate Writ, Notice Poster and Description in the following manner, The Sheriff mailed one of the within named defendants, to wit, Karen M. Smith a notice of the pendency of the action by certified action by certified mail marked DELIVERY ONLY TO ADDRESSEE, to her last known address at 411 Westover road, Shippensburg, Pennsylvania 172~7. This letter was mailed under the date of October 4, 1996 and was received on October 5, 1996 with return receipt card signed by Karen M. Smith. Retur.n receipt card is hereto attached. R. Thomas Kline, Sher.iff. wtlO being duly sworn accordi'lg to law, says that he served Real Estate Writ, Notice Poster and Description in the following manner. The Sheriff mililed one of the within named defendants, to wit, Arthur E. Smith .Jr., a notice of the pendency of the action by regular mail to his last known address at 411 Westover Road, Shippensbur'l, Pennsylvania 171.'>7. This letter was mailed under the date of October 17. i996 and was never ['eturned to the Sherlff's Office. R. Thomas Kl.ine, Sheriff, who belnq duly sworn ar.r.ording to law, says that he served Real. Estate Writ Not ice Poster and description in the followin'l m<1THler, The Sheriff mili lpd one of the within named defendants, to wit, Karen M. Sminl a not. i"" of the pendency of the action by regular mail to her last known addn.!5s at 411 Westover 'in .Tn~.Court eT C~mmO~1 ?l,:::s ci C:J:'..:":.::"i::.,d C'::W~;':'II ?s.,r:sylv~r:i:: Farmers and Merehants Trust Co. of Chambersburg 'is. Arthur E. Smith Jr. :'10. 96.2091 Civil .'.--"'--.---" :?..__. :-<ow, O<::tober 2. 199b :9---. !. SEZ:?":::::-: O? C:..~t3z::'...!..A.'fD COr..;.{':'''f, ?o\.., co :=::ry c::::u= t!:..: S=.E oi Franklin C~u::ry :0 =."'::':Jt.: =.is ',Vri~ ~ 6.-pu::.:cu ::6t -"'.:.. It == ....~;.1= :::ci :-=...sk Qf :=e ?!~a. 1. SlIe..~ at C===er..u:ci CJWltT. ?:Ie Amdavit of Se:'"7i= ~ow, _ October 10 ~!? 96 . 2:03 o'.:Joe:.; 'p ~L !=-..~ :.:, wil"~;" Writ of Execution 'J;:oaD Arthur 'E, Smi tli .1 157 Lincoln Way East. Chambersburq, Pa,17201 ,(Sheriff's Office),__ ~:::U:~:.a Art hu r " True & Attested e:py oi == ,:-:;'~ IIrit of Execution & ~Ill ,- 1D.d _~rt. cOwtS :0 Him ~ , ' .::~t=:s :'~::::l. So =sw=. Oeputy Shc:'.:i.I Franklin Laurie A, Etter eo....,. h. =~:.:Lt Q~oi ,0 ..- cosn SZ-1.'" c:z :'oOl.!....CZ 3 3_r: me! r.lCsc-J:>ed bdClM .~'""7!DA "~TI. ---....---. s r_ 0-.. i I J Ii 13' I .I 'CGmpltt.ll;mt , ~Uf a 101' Ilddltlonal MM/;.I. 'CQmp!It.Utml 3, 4" and 4b. .Prlnt vOW' "em, Wld add".. on 11'1, rev.,.. 01 It'll, form 10 that WI cln f.lum IhI, wdlo you. .Anach 11'111 to"" 10 the front olllll mallpi~: Of on l~ b.cM Iltplce do.. nQt p.nTIII. "'-..1 .Wnlt 'Return R~lpI RlQu..,-<<Pn IIW iaaUpi.c, below Ill, arllcl, numb.r. IThe Aetum Aeclipt 'Mlllhow IrOdiom."" .I1lcl, w.. dellv,red and Ih. da'l dellVlred ~.;' I . ell Addrll.ed to: /',.....1 " Arthur E.<::.Jo'im~th ,Jr. 4 II Wes tQVe'r, ROnl! ShiPpen~u.t;1i, Pa, ^" " ~ /....~) t:J~ Q; ,;: .;:...... I al.o wllh to rac,'ve Ihe following .ervle.. (for an .ldIa'aa): i " 0 Add"....'. Add".., ' 2,10 Re.tnett(p.llvery ConlUIt poatme.w lor tee, }, : 48. ArUcle Number P43] 149 643 j,' 4b, Service Typ. o R.gl.tlred 13 Certlned , o exp".. Mall ' , , 0 Inau,ed I o Rerum RICI~I f~ !.It.d1.. 0 C~ ~ 7, Date 01 Oellv'\IY. ..' " r......) I,), '-, '1'(,.. i I, So (Only /I reque.ted I I ) ') 7 5, Rlc.'ved By, (P sme) .J e. Addre...,' ,. snd lee's paid): I "J c;.) ,. / .._~-- i I ,J Ii I . , a .e Ih 'ComplM'II~m. 1 and/or:Z lor additional ..Mr.... 11110 wiatt to ,ave . .Compl'l. it.m. 3, "I, and 4b. following Nrvletl (for an IPrint your nllTl, and Iddre.. on th. reverl, of Ihilform 10 thai w. can rllum IhI, extra fte): J card 10 you. Uttech Ihil lQnn 10 Ii'll front ollhtl mallpllee, or on IN blick if aplct 00.. not 1, 0 Addr.....'. Addr~ pom" " IWIiI. 'R.'um R<<:9ipr R.quQltdo on 1"1 maWp4ect btlow th. ,/tIel. numbtr, 2. ~ R.etrIct~!I'tfIY 'll'll ~.tum Rec:t1p1 WIll show 10 whom Ir.. Irt!c1' w.. d.livlfed I/'ld 11'1. d.l. ConIult poa-"-_L:.:, for, r,... } dell.....,ed, , -" ...... 3, Article Addressed to: 1", '.,~..... 4a. Article umber . , , P4J3 lH Hi J Kil ren M. ~;IT\o'~ tho >' 4b. INleI YPI (:_- 4 l i Wes t "'fer Reidel 0 Rogl.tlled /:" Jil Certlned Shi.ppenst,lurg,;!pu. II.':!; 0 eXP''''M'~~' , 0 Ineurad f (' J = r. , <: 0 R.rumR Ibr~"", coo , l:!: <) 7, Oala 01 liver(- . -I' ~i",.J' G:Y Ie> l</C, . ; By, (~t,~am.) 8, Add'.....'. ,- (0nIy1 - I: N ',' and Ie. I. paid) ~ ' 5, I . 3811, O.c.mblr 1994 ...."", .... , ,',.' , " ~ ' : , \ : /, , . ~ , , ~' 'l'\ f. 4, I' I t , " " , . ,)' , j: ,; i .. ,1 ( t , I " , " :f " ," lr. . !, J " I . . . . . . '. REAL [,; : I .';~ ,,' >,_'. [110, "\ \' '. ,'.. .' I,' I '. ,~ , , ,On 2f\.(i.~ ,J'I, /IN' lh~ S!1(;rirf Ivl/icel upon lhr~ t';' , Interest In the real properly sl!u;)ltlc! In ~1.lw.~_~!'q'-c... Cumberland County, Pn" 1~ll,' ';:'" '1':1,",1-"'1 ~(3: ,JI r!1't5J.b.~-t",~ ~ - ~ 'U . ~n( r'l', .~ . ': "',' ,: I. l~..[ dlJit "A" filJ<f >" l~ <.0 ,~,>. ~ r:':' ,,' ~ ;1: " ..... , ..... .' co .., e> ,,, -:r '.~ . ...., L.:~ .JIf "'c' 0 this writ and by lhi:i 1'\)1",:':'11',,', i:,;,':,:;;1/,:.l il';~l;ill. o.te: ?, ;N. ',I,. (''J:.QHl''fld.._~_,_()~~aJr'- :', R,.t, f",,;fi:.- JO'F'~r .. . :l: w 0.. Proof of Publication of Notle. In The Patriot and The Evening News and The Sunday Patriot-News V.d.. Ad 110. ..,. ,\pproucl ~I.J Ie. 1_, (',,11I III ()1Iwta It 11 o! Ptnn~1I1vnnja. } ('minty o! nallJlhin ,..: ..,..,..,..,........,........H~!;,h.Qs.,I"..r~\lX,1;,\!~..,..,....,..............,belnlf duly sworn according to law, deposes and says: AHHt. Controller That he Is the ....,..............,........of THF. PATRIOT. NEWS (:0,. a corporation orll'unlzed and exlstinlf under the laws of the Commonwealth of Pennsylvanill, with its Ilrincipal office and place of business at 812 to 818 Market Street. in the City of Harri,bllrlf. COllnty of DUllphin, State of Pennsylvania, owner and publleher of Tn.; PATRIOT and Tn.; En:NINIl NEWS and the SUNDAY PATRIOT. NEWS newspapers of Ifeneral circulation. printed allll published at 812 to 818 Market Street, in the City, Countf and State aforesaid: that Tin; PATlt10T and THE EVENING NEWS and the SUNDAY PATRIOT. NEWS were established March 4th. 1854, ane! February 15th, 1917 and September 18th, 1949 respectively, and all have been continuously published ever since; That the printed notice or publication which is securely attached hereto Is exactly as printed ane! MI)tro W'>Ht 22nd and 2~th days published in their rell'Ular/editione and Issues which appellred on the ........,......,....,....,..,.....................,....,.. (jf October and till! 5th day uf ~:C)v..mber 1~96. ................................................................................................................................................................................"....., That neither he nor said Company is Interested In the subject matter of said printed notice or adver- tislnlf, and that all of the allegations of this statement as to the lime, place and character of publication are true; and That he has personal knowledge of the facts aforesllid an~ duly authorized and empowered to verify this statement on behalf of Th,e Patriot-News Co, aforqR id by Vi, rtue and pursuant to a resolu- tion unanimously passed and adopted severally by the stOCklO dtrs and board of directors of the said Company and aubsequently duly r~orded in the otllce for the 0 dini ~ Deeds in and for said Count)' of Dauphin in MilM.'rll.nrou" Houk "M". \'ulunh'lt 1'1111.317. 1 ,Jr" t L.' I\;V ~'l(j,ll\ - ......n.~"'lu, ."on ,...."........,.."....".........., ......,......,............,,:..~,..:..............,....,....,........, " ' ChilT... , 'b d -, .., i5 th f ' '''-........''' Sworn to and su,,;,cr. e .,.ore me '" ............,..,....day 0 T....O"..O..\M...... N?,~,~~I:~,e.~ A, D, (""" I "I" "1'( I ... WI; 'c.>" )-!.1- ,f , .-..1,...Jr,...KelwtM.... ......,"""yt, ,",j"I~:, '!l,..... ,....,.. ..,........, , _:...~ ~1":r,'~'.'Q, u" h,n ounly Not 'iI Publie ~tMI(_......,~ ' ,.~ G~mr"lI~tIOr\ b~lrll:~ JIJnl16. 1'308 ..... --.. .. --' .... My commissi ' '- --= .............. ill n ,""yIV'J". I '" .:, Ie, _.~ Statement of Advertising Costs r . . , II....."'..._~.. , 101 ... II i I!l'.. LeI if:.. ~ III ':1: II iii'1 ~ It..""" Ill" .. fA ....... IIIlUII I ....~::-~~ .. tI ,11I,1..... .... .. ~ .~7 .....!"'i. """'"' S ALE #2 (.,l!~p,"',r,~,~,l!:~"'~~ ~!,~!,n.~.Y.", ~,h,~~,~FX:;;.,..~,f. ,~,~,~~'" CarliHle, PA. 17013 ...........,............"...................,...........,....................,... To THE PATRIOT-NEWS CO,. Dr. For publishing the n"tice or publication attached hereto on the 203.78 above stated dates. $............1":'()"O...... Probating same ...............,..,.......... Total .....,JV,~,~,?..~,...., Publisher's Receipt for Advertising Costs THE PATRIOT.NEWS CO,. \!lJbli.her of THE PATRIOT an,1 THE EVENING NEWS and the SUNDAY PATRIOT.NEWS, new,'puller. of gon.ral circulation, hel'eby acknowledge receipt of the aforeuld notice and publication costs and certitle. thut the same have been duly paid, TilE PATRIOT.N~:WS CO. fly .,... .., ........,."....,......".,,,,,.,,.......... ~ .# - .:I ro:,.: .. 81 M :~~~ :IC Q., ,.., " en '\' ut :rl~ Li' ... F"- g ,1 ~ 'J) 'j u' f.) ,- 'it " . , I. , I .,., l'. \i: "- r-' ,'- ~; ..:J , P: ~f -I..~ )':.: .~ )~~ ~~' C'- 11;,:j ,n ',.. 'j.') ~: i:": ~:~.1 ' .' Irq ~-: .... .\0.. ~ ,(.) ',J. en (,J ~... , . , - Notes. If real property, supply six copies of description including irrprovements and an origiMl and copy of affidavit of ownership (PaR.C.P. No. 3129). If lengthy personalty list, supply four copies of list. To index writ, file separate praecipe with writ. I ,', "I . , , .... ' All that certain lot 01 ground with Improvements erected thereon situated In Southampton Township, Cumberland County, Pennsylvania, bounded and described as follows: BEGINNING at a nail In the center line 01 Township Route 301 (Koser Lane) at corner of Lot 5-L; thence along Lot 5-L, South 590 31' 40" East 135.14 feet to an Iron pin on the western right-of-way line 01 Interstate Route 61; thence along the western right-of-way ollnterstare Route 61 by a curve to the lell having a radius 0111.369.19 feet and an arc length of 50,67 leet and a chord bearing South 410 03' 31' West 50,67 feet to an Iron pin on the western rlght.ol-way of Interstate Route 81, at Lot 5-N; thence along Lot 5-N North 59031' 40" West 125,80 feet to a nail In the center line of Township Route 301 (Koser Lane); thence along the center line Township Route 301 (Koser Lane), North 300 28' 20" East 50,00 leet to a noll, the place 01 BEGINNING. Being Lot 5-M on Pian of Shlppensburg Developers Builders, Inc" recorded In Plan Book 63, Page 47, Cumberland County records. BEING the same premises which Shlppensburg Developers Builders, Inc., a corporation of Pennsylvania, by deed dated 06/18/93. and recorded 06/18/93 In the Ofllce of the Recorder 01 Deeds In and for Cumberland County, Pennsylvania, In Record Book 36-1-879 granted and conveyed unto Arthur E, Smith. Jr. and Karen M. Smith. his wile. IXHII" ./4.. ,"-a .~... " I.fJ , U , " ,( , ' , 1I , , I , " , , ~ - ( " ,i. ,<, (('.i U, " L1.. , .' , , , " I '.~~', " . i " , '. . (... ." L. I.tr ,',~ , 1 I, ~'. , 1 , , ,",/ C'; " It., (' , .., 11 ,t;) " '':1. " . I l.~ w. I,J ~ - ..... 04 '- p ~, .. ).) ~n C'7 ) , (I :J~ (.J :::t: ~" lJ... ~ 'J (', , '- , '0 " ';:', " I ) '~ fI.:.1,! .. . -:.!J _. ;I'Q -.. " '"J~ i--'." "', '. I~, r" 'f) _'J (;) 0\ W r' "" '~ ~ \ ~ ~ ..j, j 1 \ ~ ,n ~ i ~' ~ - ~ ~...., I.)-..~ /'- '\J. \:::J ~ .. . " ,"- " " " , , , ! ii, ',I j. 1. ifll'j Robert f" Fink, 'SR. (i jf '" 'ii, I! '" !Ii! " 11',;1 I '.t II , ,;, ~' Ii! I' Ii , I, :'!il, ('i';\i " ':['j ,'IIi' ..' j! '.j t I'il I t,: \; i " ,"J' " ,'1i " " I"t' /'1, .1 j I' ! I;. t" i " " ); I , "..'.., ,+,' ~ ,._-' {' ,/ ..r.' , - ." . '.~. . , r- "-;":::.:.-"",.;':;.I'.l';"',..~'-",'. ~ /' ~ "7 - ' 1- I~ I ~ ' " :'! , , /" /::t ~ _f27:!JV 6tf1c<- c/"~' , ] .:I" ... ~ ~ c,(~ ~~u..a '~,~ i, . .' ADJUSTABLE RATE NOTE THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PA YMENT.IFMY INTEREST RATE INCRI<:ASI<:S, MY MONTHLY PA YMI<:NTS WILL BE IIIGHER.IF MY INTEREST RATE m:CREASES, MY MONTHLY PAYMI<:NTS WILL BE LOWER, "",..""",.June ,I~" ,19 93 Shipponsburj,l (Cily) ,', Pennsylv<lnia.. , (Stale) ).8 Koser Lane, ,Shippensl1u);"g, PennsY~\(l1ril1..J1~5L (Properly AddreHtI) 1. BORROWER'S PROMISE TO PA Y In return for a loan that I have received, I promise to pay U,S, $ 55,,9,20.00.., ........ (this amount is called "principal"), plus interest, to the order of the Lender, The Lender is FARMERS AND MERCHANTS TRUST COMPANY, I understand that the Lender may transfer this Note, The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the "Note Holder" , 2. INTEREST Interest will be charged on unpaid principal until the full amount of principal has been paid, I will pay interest ahyearly rate of ,6,.,250" '" %, The interest rate I will pay will change in accordance with Section 4 of this Note, The interest rate required by this Section 2 and Section 4 of this Note is the rate I will pay both before and after any default described in Section 7(8) of this Note, 3. PAYMENTS (A) Time and Place of Payments I will pay principal and interest by making payments every month, I will make my monthly paymenta on the first day of each month beginning on ..............,..........,.., Augus,t..,L ..""...." , 19 ,93,.., , I will make these payments every month until I have paid all of the principal and interest and any other charges described below that I may owe under this Note, My monthly payments will be applied tointerest before principal. If, on,.July"L.."..",..".." .., ,....2013........ . I still owe amounts under this Note, I will pay those amounts in full on thatdste. which is called the "maturity dste," I will make my monthly payments at 20South Main Street, Chambersburg,l'ennsylvania 17201 orat a different place if required by the Note Holeler, (8) Amount of My Initial Monthly Payments Each of my initial monthly payments will be in the amount of V,S, $, 4otl,.74..,...., This amount may change, (C) Monthly Payment Changes Changes in my monthly payment will reflect chanl(es in the interest rate that I must pay, The Note Holder will determine my new interest rate and the chanl(ed amount of my monthly payment in .H,l.-'onlanl'c with Sectionll,f thi;-, ='lotl'. 4, INTEREST RAn: AND MONTHLY PA YMENT CHANGES (A) Change Dates The interest rate I will pay muy chunl(e on the first day of July , 1 . 19,.9,4 . and on that day every 12 th month thereafter, Euch date on which my interest rate could chunge is called a "Chunl(e Dule," ' MULTISTATE ADJUSTABLE RATE NOTE - SIIl"hl F,IIl1i1y c C<lI.l\It"lhr ~1,IY ~l'''l<lh COmptll1" In.: 19H04 (1l)1'helndex Beginning wi.h the first Change Ilote, my intereHt rnte will be based on on Index, The "Index" i8the: fChtd O"~ box II) .,.du'olt Index.) Q' (i) Weekly overage yield on United StotesTreosury securities adjusted to a constant maturity of ........,............,0..0.. ...................................., .. yearH, us mode ovoiloble by the Federnl Heserve Bourd, O. (ii) "Contrnctlnterest Hate, Purchase of PreviouHly Occupied Homes, Notional Avernge for all Major Types of Lenders" publishoo by the Federal Home Loon Bank Board, O.(iii) , -If mo,. tlltm Ofl... bo... dttdtd q, II no bo.l. (h,d,d. on,f Lindt' Gnd #ff'''lJw" do nul orlll!rwiu al/ru In umtln,. "., /m' Indl'. "urn..,l jL"lI apply, The most recent Index figure available os of the date 45 days before each Change Dote is called the "Current Index," If the Index is no longer available, the Note Holder will choose a new index which is based upon comparable information, The Note Holder willlCive llIe notice of this choice, (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding ",..,3",00..........,...... ........, percentage points ( ",3,,00....,.. %) to the Current Index, (CMe. 0"4' 60% 10 tndicat~ whtthtr tht ",w in'trt., rate will or will not be round"J 10 Ihe ntort,' '-i of 1% (0.125%).J o (i) The sum, subject to the provisions set forth in section (C) (iil), (C) (iv), (C) (v), and (C) (vi) will be my new interest rate until the next change date, f] (ii) The Note Holder will then round the result of this addition to the nearest one,eighth of one percentage point (0,125%), This rounded amount, subjeclto the provisions set forth in section (C) (iii), (C) (iv), (C) (v), and (C) (vi) will be my new interest rate until the next change date, tCArelc appropriat' bon. 10 indicat, WMlh" th,,, or' an)' maximum limit. 01) chong,. in th, int"", rote on tach Chong, Dolfi if no bo.x " (A,clt,d th,,, will6e no maximum limit 0'& chanst.,) o (iii) There are no maximum limits on any changes in the interest rate at any Change Date, EJ (iv)The interest rate cannot be changed by more than "",2.0.... '....". percentage points at any Chanee Date, EJ(v)The interest rate cannot increase to more than ....12,.,25,0, ...., percentage points at any time during the loan term, EJ(vi)The interest rate cannot decrease to les8 than .."..0,,250 ..,..,........ percentage points at any time during the loan term, The Note holder will then determine the amount of the monthly payment that would be sufficient to repay the principal I am expected toowe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments, The result of this cakulation will be the new amount of my monthly payment. (D) EffectIve Date of Changes My new interest rate will become effective on each Change Date, I will pay the amount of my new monthly payment beginning on the firRt monthly payment date after the Change Date until the amount of my monthly payment changes again, (E) Notice of Changes The Note Holder wlll deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly payment before the effective dllte of any chllnge, The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I may have regarding the notice, ~. BORROWER'S RIGHT TO PR":!' A Y I have the right to make payments of principal atllny time hefore they ore due, A payment ofprincipal only is known as a "prepayment." When (mllke a prepaynll'nt, I will tell the Note Holder in writing that I am doing so, I may make a full prepayment or portilll prepayments without paying any prepayment charge, The Note Holder will use all of my prepayments to n'duce the amount of principal that I owe under this Note,liI make 0 partiol prepayment, there will h., no choBj{"" in th., du,' dntes of my monthly payments unless the Note Holder IIgrees in writing to thoHe ,'hllnK"N, My partilll prepayment will reduc.' the amount of my monthly payments after the first Chllnge Dllte followinK my partilll prepayment. !lowever, any reduction due to my p,utin! prt'pllyment may be offset hy IIn i nlt'rt'st rat., inCrPlIHe, . . . . 6. LOAN CHARGES If a law. which applies to this loan and which .ets maximum loan charges, is linally interpreted so that the interest or other loan charge" collected or to be collected in connection with this loan exceed the permitted limits, then: (i) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (ii) any sums already collected from me which exceeded permitted limits will be refunded to me, The Note Holder may choose to make this refund by reducing the principal I owe under this Note or by making a direct payment to me,lf a refund redu~es principal, the reduction will be treated as a partial prepayment, 7. BORROWER'S FAILUR[O~ TO PAY AS REQUIR[o;U (A) Late Charge for Overdue Payments If the Note Holder has not received the full amount of any monthly payment by the end of.. .. ..,.15.. calendar days after the date it is due,l will pay a late charge to the Note Holder, The amount of the charge will be, ..5".00", .. % of my overdue payment of principal und interest, I will pay this late charge promptly but only once on each late payment. (B) Default If I do not pay the full amount of each monthly payment on the date it is due, I will be in default. (C) Notice of Default If I am in default. the Note Holder may send me a written notice telling me that if I do not pay the overdue amount by a certain date, the Note Holder may require me to pay immediately the full amount of principal which has not been paid and all the interest that I owe on that amount. That date must be at least 30 days after the date on which the notice is delivered or mailed to me, (D) No Waiver by Note Holder Even if, st a t;me when I am in default, the Note Holderdoes not require me to pay immediately in full as described above, the Note Holder willatill have the right to do so if I am in default at 1\ later time, (E) Payment of Note Holder', Cost, and Expense, If the Note Holder hils required me to pay immediately in full as described above, the Note Holder will have the right to be paid back by me for all its costs and expenses to the extent not prohibited by applicable law, Those expenses include, for example, reasonable attorneys' fees, 8. GIVING OF NOTICES Unless applicable law requires a different method, any notice that must be given to me under this Note will begiven by delivering it or by mailing it by first class mail to me at the Property Address above or at a different address if I give the Note Holder a notice of my different address, Any notice that must be given to the Note Holder under this Note will be given by mailing it by first class mail to the Note Holder at. the address stated in Section 3(A) above or at a different address if I am given a notice of that different address, 9. OBLIGATIONS OF PERSONS UNDEH TillS NOTE Ifmorethan one person signs this Note, each person is fully and personally obligated to keep all oCthe promises made in this Note, including the promise to pay the full amount owed, Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things, Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser oCthis Note, is also obligated to keep all of the promise. made in this Note, The Note Holder may enforce its rights under this Note against each person individually or against all of us together, This means that anyone of us may be required to pay all of the amounts owed under this Note, IO.WAIVERS I und any other person who has ooligations under this Note waive the rights of presentment and notice of dishonor, "Presentment" means the right to require the Note Holder to demand payment of amounts due, "Notice of dishonor" means the right to require the Note Holder to give notice to other persons that amounts due have not heen paid, II. UNn'OHM SJo;CURI-;U NOn; This Note is n uniform instrument with limit",1 vuriations in some jurisdictions, In addition to the protections given to th.. Noll' Hold.'r under this Note, a Mortllag.., need of Trust or Sel'urity Deed (the "Sel'urity Instrument"), dated the same date as this Note, proll'l't. the Noh, fIolder from possible losses which might reHult if I do not k.,.,p thl' promises whil'h I mak.. in this Noh>, That S.'curity Instrument descrihes how und und... whllt ('onditions ( lOllY be "''1uired to make immediate payment in full of all umountl'4 I OWt' under thili Noll', SOIlW of thww conditions art' dt'~('ri.H'd HH follow.!ol: (' MORTGAGE ,,' THIS MORTGACt: ia m,)"~ 11m 18th d.\y l,f June! ,II' rn b,'w..n .,.. MUr14"o, I\rt.hur _E., smith, Jr. and Karen M. 311ith, his. wife "Ilom>wcr"., and 'h. Mon,.,.., PaI1TlE!l'S & Merdl<~nts Tnlflt COllp,'\ny, Ihl'r'll1 .. CorporaUQn or.,nllld Ind ulsllna undrr the lawI of I'ennsyl"."i~ wht)6il' addrru ~: 1'.0. Box "T", <:~rsb~!m~~ 17201 _ .. _________.~_.__._...___.__...__.lht'rin "Lend,,", WHER~ Bonowcr Is Indebted to lInder In the prlndpal sum of .. wh",\h Indcblrdnns l$ evidenced by HorroVl'fr's ni,)lc datrd . J~lnc m()nthly Instillments of principII Ind Interot. with Ihlt Pi fty-f iveTh2usCilld_Nin~_!!un5!~~ 'I.Werlty_j~~~, 920. OOIL., 16, .1993.. __n'____ ,_ _ ..__.... ,___ ther.ln "No""), p.",,,dm, f". bollancc of 'hr Indebh:dnes!rrr, if not &oaRtr paid. dUI Jnd pol)'.blr on July 1, 2013 ... . . ... ... _ ______,____ _,. ' TO SECURE-to ~nde' (~) th-;;~~~;~t ~(-th; I~d~btcd~~~ ~~id~nccd b~ th~ N~t;.-wilh int;~t'Ulltrto~:-th~-~ym.n~f all other suma. with interat thereon.adv;anc;ed I n accordanc. hrnwlth to protect the s.ecurlty of this MOftCaae, and the performance of the (ovenanLs and acrumenta of BofTOWIr heN In (l)nt.alntd.and Ib) 'hit rcp.a)'ment of any tutur, '.d.vane", with Int,rnt thel'ton. made tl) Bemowcr by Lender pursuant to ~1'iI1D"rh 21.h.... '.2 ((heRln "Future AdViRcu"), &fTO"",er don hmby mQf1.i. a'<<.lInnt and (on..-,y 10 I.. "'r!t~, ", ., ...k.'olrr. :'.'" I "",j il1'h""'>lllltvn( OJrnb0rl~d , .__. _.,St.ltc 01 Ptnnsyl...o1nla See attached Exhibit "A" . (.J:) c.J Co- = :z: ..... co -0 ::3 .... :...s: .... <> ,: ..... ~!:''1 (".J r.,,, .." (").. ;:'1 (,:) I ,_ ::0 ,. C. , 1~" JTi -, :,;-. :a .... r., . . ("'".Ie. r... Ctf .." i ~ c: co , , 2m, -trn~ -<'O:.;J , (/) "" J>o which hu lb. IcIdr... 0' 36 Koser lane (51mU Shippensburg (Clly) PA 17257 _'.__n _______ (henl. "Property Add,..... IS.... and Zip Cod.) TOGETHER with all the Improvl!mtnu now or hcrcafter erf:c:ted on the pn'ptrty. and all ta.\tmenu. rlQhl'\ ippurteninccs, r.nt~ royallies., mln.,al, oU and... rt.hLl an orofits. water, water ri.hb, and watcrstock.and all fixtures now or hereaftu lcuched to the property, all of which, Includln, replaccments and addilions th'NlO.lhall tit dumN t bf and remain I part of the property cov,ud by this MortildQ'; ilnd all oflhe fllr(!litninl1, tolltlherwHh ~id property (or Ih, h:aMhold estate ilthis Morti..'" on a lcuchotdl art heftl ref'lTed 10 I.! the "Property." Borrowcr covcnanl.5 thai &IITOWl!r I~ lawfully sClsed ot tht t!'ll4le huehy c1m\lt!Yl!d and h,u the riQhl to mortgJ'l!, .r1nt and convey the Ptopcrty, that the P'roprtl1y. I unencumbcrtd, i1nd that th, Borrower will warnn. and def,nd .,nually Iht tjtl~ 10 Ih, Proptrty 'lCainst 0111 clJims and demand.i, 5ubicctto any df(laraUo~ tuClftfnt,S C re.\triclionslisttd in a schlldule 01 exception! 10 covera",!! in any title in~uran,e policy insurinil undfr's inlul!!'ol in Ih, Property, or such uuplions u art U'lI'd In aachtdul provid,d by borrow,r's altom,y UNIFORM COVENANTS. Bnrmwu ~nd bnder CO\l'n.lnt .lnd a~uc iL' (oll()w~ 1. P.yment 01 Prln(lp~J and Inlff"1. Ronowl!r shall oromptly pay when due Ihr. pnncipill 01 and lRh!rl!~t un the ind,ht,dnu,\l!vidtnud by the NolA. prepayment and lal .;harjts a:\ pro\lidt.d 1ft the NI}Il~, and the pnnopal of and inll!rc!lt on any ~'uturl! AJ...dn(l!~ ~f'ured hy Ihi! Mortgdll1t! 3. Fundi lor Tun and InauUll"Kt . [KTowed al tcndu's Option. SuhJc~ttr, apollcahl, l.lw or 10 a written w.li"'er hy l.tnd,r, Borrow,r shill oay to lAnd., on the clay Month insullm.nU o(principal.1nd Interl!Sldrt p.lvahlt undc!l'lhl! NOh!, untlllhe N.llt! 1'1 ~dld in full, a ~um 'ht~in "Fund.'\") 1!4ud1 h)On..lweltthoflh. yurlywtS andautUmcnr.s....k molyallAin pril)rity oyn thi~ Mort,aallle. ~nd Ilround rtnl, on Ihe f'ropCI1~. If dlIY, plu'\ onc.lw,IlIh of )'tdrl~ prl!m IlJnl In'lldllmenl'l for haurd tRSul'<llnCf, plus on"tw,lfth 01 Y'_ prrmium installmtnls fur murtalJlI' in~urJn(t, il Any. ~II~, rf,)-",()n.lhly "lImall."llnltl;llly JI1J h-.lm lim, to lime by l.tnd,r on the ham of .....~cs~m'nts and bills and "&tOftlb ullmalcs 'hcR:of. Thf fund!'. sh.111 hr httd In.ln 1'l~llllJllon Ihe Jl!PO'lII'l or oI((f}unh lJf whlL'h Mt.' In~lm'J or IIU.H,llllet:d by a Fedual Of Stale alitt'n(~ lllldudlnll Lender it ltn,Jtl''' tu(h;. inslltullon). under ~hall.pply th, ~'UI1l.b I" O.~ said we,. ol~Sl!.'~m,nl\, IIUUr.lll(1! prli!mlU",~ and IlrtlunJ rli!nb Lrndn mdY 11')1 chal'll' fllr so huldlnll Ind IPpl)1n. tI'l. rune Inlly-ain. Slid olccounf, or ...,nfylnll ;and ~ompihnQ :\aid ~'\.\('s,menl, ilnd hili, unlc" l.tndt!r pay, AtlrT()w,r IOIt'r~~n the .'und~ and a.pphcabl~ law permits lAndt. tomuf su<t ;,.;;1111'\ PI" /01,:1 +.:h.uile 8orrowefol,kiltnJcrm.J)' .41ru in wrilin~olt lh~ III uc..:ulilln l'I Ihi:'! Mllrt"',I~C ttMIII1Ii:tC~tUtl Oil' FUIlJ.\ \11.1 ,1.1ll1 tf) 1l11llow.:r, .Jlld unlcM :\uch iltlrumcnt I:. m.ad"ur ilppUcolbl1l! law rtqulruluch inh:rr:\l to bt palLi.ltndcr :\tl.llllll)t ht f1?lJUlh.J II} p-!yllmwwllJ 411)' int""".,llIr c.unillll.'1 'In Ihl' FUml:.. I ~1I,j", ~II.III ~IWllla) lllawwrr, wilhl,t., (h.u~l', "'" ,JIIIlUilliI'(Ounlinll of lhl! F\Jnib :I!llJwlnll OI'Jlu .UlJ Jeb.t:\ lu the FUlhh .ll1d !till PUtPI)M! (ur w~H(h tol,h .lcbUlnth... "'lJIlJ!I w.n 01.1111.', Till' fo\mJ!\ ilH.' rlcd~l'd a5 .lidlJllllm,d !Il!(unty for Ih~ sums, Sorcurtd by 'hb Morl~;lill'. If lht amount ofthll "'wnJ.!! tl~'IJ hy unJrr, lu~cthl'r wilh Ill.. lutllle IIltllllhly 111:'lI.lIlIllClll.\ 01 Fumh Ihl)/ilhlc Illll)lllIllI~' UUl: J,II... '11 I.JU\ 4'1M!'1!1/IJ(nl" IIUurancr prellllUm!! ilnd Ilround I'tn~ shilll uc<<d lhr oImQunt n:qulrrl.! to poly wid t.u.n. il!M'56mrnls, In~uran(e premium! and lilnJund rcnlj il.\ they (.\11 dur, !uch rJlcrn shall br, allkmowcr's opthm, either ~omptly rtpo1ld 10 Ikln'IlWtf or cr~ittd It) Bllrrowltr on monthly InsLlllmrnu. of Fun..a. It the amount of the Fund:i hrILS by l&!ndrr !h.\lI not be 'ufficlrnt to pay Lun, .","mrnts- Insurlner premium! ind woundrtnts.u they r..1I duc, Ullmlwrr shall pay to I~ndrr any oImllur,t neceMary (0 molkt Ijp the dtticitncy within 30 d,YI from the date nollet- Is mol!led by Ltndrr to OolTowrr reQur!tinll: p.l~mrnt Ihel'\'of, Upon pi)'m.nt In full of illI,um! W!currdby this MtJrtgillll.', LAnder shalltwomptly refund 10 UOlTowcr any Fun~b held by bnd(T.1t lUltJrr I'l.lr<lwaph 18 hrrto(the Property ISliOld or th. Property Is otherwLsc acqulrrd by lend<<, und..:r shall apply, no later I~n Imll1edlatrly I,,;or to Ihe sale o( thr I~)perty Of Ilslcqulsltlon by l.tndrr, Iny Funds held Itth. lime of application as a crrdlt aiollnst Ihe !urns 5<<urrd by thl~ Mor1l1:age, 3. AppllClUon 01 Plymenb. Unluslpplicablr law provldc, otherwi~, all Pilymenu. received by Lender under the Note ilnd parallrapM I and 2 he~of shall ~ Iplled by Lender nnt In payment oIlmoun~ payable to I.ender b~ Borrower undtr parallraph 2 hertof, thtn to inl~re~t payable on the Note, then to Ihe prlnclp.\1 olthe Note,llld then to Intrreat.1l1d princlPilI on In)' Futun, AtJvancu. 4. Char.a; Lltn.. Borrower shall p.l)' cll uxu, .\~~mt!nls and other chulles, fines and Imposllionsattribul.1t)le to the Property wh!eh moly IItt..1ln a priority owr this Mortilaj(e, Ind luschold p,ayments Of Ilround renb, IIlny, in the molnn!!r provided undtT pa,rallrlph 2 hereof or, If not paid In such mlnntr, by BorroWitr maklnll pa)'ment" when due, dlrrcllyto the pilyee thereot. Brmower shall prompll)' (urn Ish to Lender all notkes of Imounts dut under thla p.u'il12raph,lnd In Ihe event Dorrower shall make PoJ,ymtnt dlrtctl)'. Borrower shall prompll)' furnish to LAndtrrt(elpu. cvldencln. luch p.lymenu, Uorrower :!hall prompU)' dik:hal1le any Iitn which h.u priority am this Mortl&ilile; provldtd, thai Dorrowtr shall not be rtquirtd todbchllll' In)' such lien 5() long as Borrower shall aat'ee In wrllln" to tt\.: payment of the obUQ,aUon ~cured by such lien In I milnner acceptable to Lendtr, or shill In llClOd fiJth conlcst such lien by, Of defend en(orcemtnt of such lien in, Irilill procetdlnes which openlt to prrvent the enforcement of the Illtn or forfeiture ot the Property or .n)' part lIImol 5. Huard huuflnce. &)lTowcr shall keep the improvement! now exlstln12 or hcrufter errctrd on the Property Insul'td 112aln$t 10M by fire, hazuds Included wlhln the lcnn "ulended covcrace", and such other hazards iU under may "'quire Ind In su,h amounls and (or such periods IS under may rtqulre; provided. thalltnder shIll not rtqulrt \hIt the Imount or luch covtnlle uceed that amount of cove rille fllquirrd to pay the sums s<<ul1!d by thl! MorlQalle. Thelnluranct emler provldinll the Insunnce s~1I be chosrn b)' Dorrowcr subject to approval by Lender; provlderl, thlt such approvlJ shall not be unrtasonabl)'wlthheld. All prtmlumson Insurance policies shall be paid In Ihr mannerprovidtd und-=rp.me'Jph 2 hereof or, If not p.lld in such manna', by Borrowtr makln.payment, when due, directly to the Insuranct urrier. All Insurance policies Ind renewals. therto( !hall be In fonn acceptable to lender Ind shall Include Isundard mortaaile clause In flvor of and in form kCcptibl. to Lender. Lender shin have the rl,ht to hold the pollclesand I1:nt'WIJs thereof, and Borrower shall promptly fuml!h to Ltnder III renewal notlcesM'l~ III receipts 01 paid pl'tmlums.In th. tva'lt or Iou. Borrower shalllllvc pr\lmpt notice to the Insumlct carrier and lender. under ml)' make proof ot 101S Ir not made promptly by Borrowtr. Unlaa Lender and Borrower othtrWlse aarrc In writlnl2. Insurance proceeds !hall be apl'-d to mtoraUon or repllr of the Property dam~~ provided luch mtoration or re~ II tconomica.lI)' leaslble Ind the '\tcurity 01 this MOItaAile is not thertby impairtd.lf such mtontlon or rtpair II not economil:a1ly feasible or if the ltCurlty of this MOf'tQaC. would be Impalrtd, the In..nnc. ",o<eed..",U be appll.d to th. .um. secured by 1II1! MortN', with th. "'....Ihny, paid to Borrowor,lrth. Property I! alI&ncloned by Borrower. or 1/ Ilom>wer Iall! to rapond to Lendorwllllln 30dayshom 1II.dat. nolic.l.moUod by Lender to Borroworlllatlll.ln.unnc.canieroffm III Mtll.aclalm lor Iouuranctbeneftto, Lender It aullloriJed 10 collect and apply 1II. In,u,""ee procud! at Lend.r'. upllon either 10 re.tonlion or repair 01 the Ptoperty 01' to the 'Ulll! MCurod by 1II1s Mortel... Unl... Lender and Borrower 01ll.....1.. ."..In wrilinlL any .uch application olproc_ to prlnclpal.haJl notnt.nd orpo.tpon. the due date 01 tho monlllly IlIItaIlm.ntJ relemd to In pa...,.phs I and 2 h.reol or c"'na.lII. amount ohuch In.lallments. II under........h 18 h....lth. Property lucqulred by Lendu, all ri"'~ lille and In_I 01 Ilom>wer In and to.ny In..ranc. oollcl.. .nd Inand to 1II. proc.ed! 1II.reol....IUn.lrom damlll< to the Property prl..'lolll. saI.or "'lulslllonahallpua to Lendu to lIIe ellanlol the sums secured by this MOrl&aQe Immfdllltly prior to such sale or acqulsltlon. 6, Pl'lMfYltion and M.ln....nu olPropaty; LcaICholch; Condomlnluau; Planned Unll Dowlopm.nts. Borr...."h.1I keep the Property In lloocIrepal"nd ahaU nol commll wutc or pamit impalnnent or dftcrior.lUon of the Property and shall comply with the proviSions of Iny JelSe II thls MorIClQe lion Ileaschold.lfthls MortC&Ct ls on.ll unit In I condominium or I planned unit dt\'elopmenl, 8olTOwtflh,1l perlonn III 01 Borrower's obUllations undn the declanUon orCO\IenilllS trnUnil or lJOVtminllth. condominium or pllnn.d unit developmen~ the by. taws and "'8ulalion! 01 the condominium or pllnned unit dtvelopmtnt, and constituent documtnts. Ir I condimlnlum Of planned unit dmlopment rider is executed by Borrowtr Ind recorded tOilether with this Morlllaile, the covenants ind agreements or such rider shill be Incorporated Into Ind Ihall ,,"end and supplement the covenants and olIlreelhenl' o( this Mortilallt iU If the rider wtrt II part herlrof. 7. ProttcUon 01 Lender'. Security. If Borrowrr falls 10 perlonn the c~enlRU and alll'umenls contained In thls MorlllilQe, or il any action Of proceed'n, is commenced which materially iff"t Lende"s inttorestln the P'ti>PCrtY. includln", but not IImiled to. eminent domain, in$Olvency, code enfurcement. Of amnilfmentsotprocetdlnas InvoMnlll bankrupt I ,,'dent. tf 'A!nderat r,,,' "pilon, lii' 11~" ~'I ll'lrrower, nl..lY make such appearances. disburse !ouch sums and take such ICtlon as I., necessarytoprotfct LAnda'" Interest. Including, but not limittd to, disbursement of reasonable attorney's r<<s not to exceed 15" of the totallndebttdnas. and entry upon the Property to make rtplln, If Lender rtquried mOrlia.e Insurance a! a condition ofmakinll the loan secured by this MOrl12aile, Borrower shall pay the premiums required 10 maintain such Insurance In dred until such Ume IS the rtatuiremenl for such Insurance terminates in accord.1nce with Borrower's ~nd Lender's 'tloriUen atnement or applicable I,W, Borrower shill Ply ltle amount 01.11 m0r111aile Insurance prtmiums In the manner provIded under paraaraph 2 htrtof. M)' amounts disbursed by Lendtr pursuanl to Ihis parailf'aph 1, with interest therton, shall brcomt atidltlonallndebltdnt.U of Borrower 5tcured b)' this MortcICe. Unltss Borrowrr Ind I..t:nder aarcr to other terms of payment, such amount:. shall be payable upon notice (rom ltndu to &rrowerl'fQuestlngpayment thtrtol, and shall bc.ar inttl'llt from tht date of disbursement i'.t the rale PJyable from lime to lime on ouutandina pr;nclp.ll under the Note unless payment ofinte~st It such rate would be contnry tOlppllubl. law,ln whch rv,nt such anlounts shall bt:.\t interest at lhr hillhl~st rate permis~ible undtr applicahle Jaw. NIHhinlil contained in thl! paragraph 7 shall require l.ender to Incur Iny cxpenHor take ilny action hereundt'r 8, Inspection. lender may make M au~ 10 bt made ru.'.l}n~blt entries upon the iMpedinn:>t of the Property, provided that Lender shillll'vrn Dorrower notb prior to In, such inspection specifying rt.uonahlt cau~ thmfor relall."d to Lendtr's InttrtSt in tht! Property 9. Condemnation, The p(o~t'l!d.. of any .lward or d.:llm for d4ma~i!s, dir~ct or COIl'l"llUenlidl, in connection with any CIlndtmna!ir)R or olher taklnQ of the Property, or part Ihtreof, or for conveyan(e in li~u 1)( cOlldl!mn,\lum, are nerehy a$.\iilntd and shall hI.' paId 10 Lt'nd...r In the event of J (otdllakinllof the l'ropt'rly, lh( procel'lh ~hall be oapplil'd tlllhllsum~ ~t!(cr...d hYlhi, Mort~.llilt.', wilh thl! eJlCl!~"', if Jny, p.lid tl) Burrower, In the rvelU 011 partliI laklnil of the Property, unlc,,!. Iillr/'jwer and l..tnder ulhcrwl!.e o.ll!:ree in wrUlnli!. there Sh,lll !ll' ,tplll'd !lllhl! ~ums ~CCUH'lI by Ihl... Mort~J# su(h pruportion o( the proceeds 15 Is eqUJJ to that proportion which ...uch 4mllunt oflhe ~um~ ~,ured hythi5 Murtll:,J~c immtdi,llel) prior I" lhc d,lle ofl.lkllllil he,lf!> 10 Ih~ fairmJrker value of the Property lmmtdiltclyprlotlo Ihe datt of taklnlL wilht the b,lldllCt of the prt)(eed~ paid hI Bllrmwer Httle Property Is ~bandoned by Borrower, or If, after nollCe by Lender to Borrowe,' th,llthe (orhlclIlllllr o((..,n 1<) m,lke all award Of sellll." a cl.lim (or dilmalltS, IkIlTOWff (Ills 10 iespond to l.tnder WIthin 30 do.lYS .lfler th... dJt... such n"II(!! IS m,llled, Lend.!r I! .lUlhllriZCJ 10 (olll!( t Jnd ,1Pply the prll'...cd_\ Jtl.l."ndt'r\ option, t'llher 10 rtslol'iJlion Of' repillr olth. Property or 10 the $um, '\t'cured ,,)' thl\ Mllrl~,l~e Unlt\...l..tnder and '''muw...r IllhcO-Wlse aa{r(f In Wrlllll~, MlY \u<:h appllcalllH11)f proi'l'clh 10 rrlll~lll.Il ...h.ll! n,>1 t.'lItl'ud or po'lflIlI1 e Iht! du( d.ilu o( the monthly In~tlllmfntl referred to in p.ua~rJph~ I ,lIld 2 hactlf or (h,lII~t Ihl.' ,lIn'lUllt of 'lJ,h lIl...t.lllll1cnt.\. 10. l:Jorrower I'h)t Relusec1 ~:'I"'llSllHl of lht l:nw (ot p,lym~nll)r mo..hli"'Jtl<lJll,f ,llllflfhl,IIHlll of Ihe S\lIl" SI'l'IHCd by Ihis Mllrt~,I"'C ",ro.lnh'll hy Lender 10 In)lsu('cfW)f' In intert!,t ofBlJrrnwcr :>th,IJI nlll OIlt'r,lllll.. rd~......, Ifl ,my mMrnl'f, Ih..ll.lhllll)/ fIt Iht!llrllllJl.l1 BUrTqwrr .ltld BilITOwl'r', "h"(I','''OI'''o In III I C'rr.i I l-<<oJ!!, ,~.11I not be ,equir,"- Incomm.nce pn)(ttdlnll:>t Jt(.lin!lt !IlJch ~lJ''''I'~l)f or rffuSl' I,) 1'.'tll,111 'r polytnl!nlm 01 ht'rwi..,r ITII)l.IIly .IIllorlI1.IIIlHlllf lhll Sl'nl1 "<I hy lhi, M'Jr11l'1l1t' hy ftJ"ln o( ;10)1 d,mtlnd mold. b)f th. orilfinal BllrrllWl!r and nurrnwt'r', '1If<"t.'...Mlr!l III mrtr~.....,I, . . .. .. ......,.. L. CoIn II/'In. I ,.1,"" l'An "" II. .'orb..,.nn b~ I.aondrr Nllti Willyrr An ,. '."h&' bv l.&'n.J1'r In utnhlnll .Ul~ rl6th! or .,mtd~ ht,. of or pr&'du.Je thcc'Ur<lu "f Inv .ut:h rllUll I)f rrmt"~ proulftmt"l.!)' In~uullu Ilf th.. p..~mtnll)' 1.ln or 01' rith' II) I"tlcrile thc m'luritv of th~ Indtblrdnt... .wlltd h~ Ihla MlIrtlloltt. 12. ktm~dl" Cumul.tlvr. All rltlll...dl"'\'IU~IJrJ tn lhl~ MlJtllil,I~&' ,lit JI,hnc:I..lllill.IlIl1IiI.IIIW Ill"!lVl/llIl'r rlli!.ht Of rllmt,jy IJIlJI'r thi!\ Mortllllltl)f Ifft}fd~d by I,)w urrqulty, ifld m.y tw urn.:lt!iIld (oll(unltlllly, lndl'llrndllllllv ur 5uHrul't'tlv, 11 Succ~..on Ind ~llIna "e)undi Julntlnd Sirycr.ll.I.billl)li C.pllol\ The wV~Il"llb ..nd .tJ,Irrrmcnh herrin C'JIlt.llnlll.l \ho1l1 hind, anJ the rillhts hertu nder shill be inure te), Ihe rc'pt(llvt lucceuo" .nJ wlllns o( Ltndrr .nJ Borrowrr, luhJIt(t Ii) the pro..I\lon 1)1 p.uoIwr..rh 17 hUIllf. AU (onn"nu .nJ tll&J'et'mcnu 01 Uonowlfr ahtlll be Joint ~nd u'wral. Thr upllQn, oUld huJIIlIl~ 01 tht p.lrallraph, of 11m MGrt\ll,lllll ,ur fur (IHl't'tllh!nl:r only ,,"d ilft' /lilt II) bt u~d to In11t'l'l'1t or dltnnt' Ihe provisions herrof. I". Solic~ t:l!.(rpl ft)f "ny nolj(11 reqlJirtd undrr apptl(ahlc I,JW II) ~ IlI..lIrl In ..nuth"r 1II001111\'r. \01) any nlltlcr to l\!>m)wer pflJvuJrd II)r in thIs M1>rttl0J4e .hlll be Iltvcn by miHIn tl ~uch nollu b~ certllird mtlillddru~d to Borrowu II tht PfIllWrly AJJrus Of "I ~ut;h othtr olJJrl1!ls.u Uonowtr m.ay dtsitl/1llt by nobce to Lendu a... provided henln, And lbl." y notice te) Lcndcr,hilll be Illven b)'urti(u!d miul,nlum rtctlpt ~qut,ttJ, 10 l.tndtr's addrrusWltJ hrrrln, Of to such olhtradJrru~\ l.lndtrmlvdrslanllt by ne)tlctto 8orrowtras provhlrd htl'tin. Any nollce pro..idtd for In this MurtJloltlt shall bt dtrmtd h) have hun Ili't'tll III fllllTower or Ltndtr whtn Illvrn In th. manner dClllln.atcd hef1ln. IS. IJnllorm Mortcilll~i Co..tmlnll Lilw; Sc\'Crihlllt)l ThIs Imm 01 nJortlt,16tt coml,inrs unilorm covtn"nu lot nilthmolluuilnd non ,uniform cownlnls with Umiltdvil1illlons by jurisdi~tlon 10 constitute I unifonn srcurity lIlstf\lmtnl coytrln.c rul pmprr1v. This Mor1alolil' sh,}11 bt .ovrmed by Iht law olth, jurisdiction In which the Property i.s Iouled.ln lhe twnt thilt Iny pro't'islon or c1lusr oflhis MQr1l1~lIe or Ihe Null' conOlcb WIth a.ppllcahl~ I,}w, su~h tnnOkl shall nQI allret olhu prmiisions alibis MortQ.,le or th. Noll which an be lilvtn ."ect without Ihe connlctinli prov1!IOn, and to thiS tnd thr pro..j\wn.s 01 thr Murl6t~t olnd lh. Noh! "r" dtd,lftJ to bt .sutnblr. 16. Borrower', Copy. Borrower .shall be (umi.5htd I con'ormrd copV 01 the NOlt tlnd o( this Mortll~e at th~ timr of IflCculion or IIltr fCcor~tlon heRo(. 17. Trun'" 01 th, Propnty; AuumpUol\ If all or .nv pilrt 01 the ProPfrty or In InltrUI thrrtin Is sold or Ir.tnslltrnd by 8orrower without lender', prtorwritlln con~nt. ucludln'l&) the crullon 01 ill.n or cncumbl1ncr subordinate tl) this MOr1i1,lllt, (b) the crullnn 01 I purchlU mOlley 5lcurlly Inltreal for hou5lhold applilnr.es, (c) I tnnsfcr by deviN, ckscenl or by opc..itlon of llw upon thr duth 01 ijointltnllll or(d) the iAnl 01 anylu5lhold Int.rtsl oflhRe )'If"" or leu notconl1lnln.lnoptlon 10 purchue. Lender may, It Lendtr', option, declare IlIth. suma Hcurlfd bv thi.s Mortllallr to be Immttllllely dut Ind PlYiblc.Ltndct sh.1I hl.\lcw.lvrd such option to iCClflerat. II. prior 10 the ult Oftrl.ns~r. Lend" and tht prnon to whom the Property isto bt ~Id or tnnslrrnd ruch ~tlmlfnt In wriUnllthtlt themdit 01 such penon 15 51tlsfo1octory lo under and \hll the Intcrat PlYlble on Ih, IUlnl MCut"td by thl. MO~lilt shall bit It such nle I.S l.rnder .hlll request II under hu wllwd the option 10 accelrrale prO\llded In this PlR&nph 17, and I( Borrower's \lJ((cuor Il'Ilnttrut h~ UfCUttd I wriUen Issumption olirttmlfnllccrpled in writlnll by under, lend.r shtlll rele~~ 8orTowlfr from.n obll&iUons under Ihl. Monc.a8t and tht Note. IiLtndrrucn::bts such option to Iccclenlt, Lender shill m.11 DorrOWlft nollce of accclentlon inaccordlnclf with paf'lllrilph 14 hlffl!()(. Such notice shill pl'Q\lidtl pcrtodolnot leu than 30 d.a.ys from the dtltc the notlct Is maUlfd within which Borrower m.~ Po'iy the surnl declared dut.1I Borrower (ails to PlY such sums prior to Iht t.plraUon of Such period, lAnder moly, withOUI furthn notlcc or demilnd on BorTower, Invoke Iny remedies pcnnlttld by POU'1IinPh 18 hereof. NON-UNIFORM COVENANTS. BofTOwtr lnd lender fur1her cO\len.anllnd IQl'te IS (ollows: It Acctlcntlon; R.med'" Upon BonOwtr's bruch 01 any covenant or acrecment ol80rrower In thll Mo"".t.lncludlnli the cownanta to pay when duc any IWDIIIQlttd by thll Mo,,-" Lender prlo, 10 "..leraUon .h.1I mall noli.. 10 Borro..., u p,oYided by appllWllc Iaw.pcdlylnll: (I) 110. b,udI; (21111.lCtIon required 10 cu"ouell bruch; (3) a oIatc. nol.... than 30 oIay.1ro1l L\.... th.IlOU" II ...lI.d 10 Borro_. by which ouch bruch lIu.1 be cured; and (41 lloal Iallure 10 "'" lUell breach on orboto"....... opedllrd In III. ...Ilcc ..a, ,_II In awlmtlon of th.lUm. M<U,d by thll Mortpc. 'o,.""u" by Judldal p'ocecdln. uld &all 01 the Pr....rty, 111. noli.. .baIllwtber In"" Borrowr 01 the "",110 relna"', after _lcratIon and Ill. rIilhllo _In Ill. fo,eelo.u.. proc_..III. ",""ala..n" ola de/aull 01 an, oilier de/.1IJt of BOIIOWer 10 -.ntloa MId -,~ Uth. broach II nol cured on 0' before ....lIa.. rpedJled In the notice, Lender al Len""'. opllon.., cIeda.. all 01.... ou.. recu..d by 11I11 MorlCalllo be ,.......'..,.... and ,.,.we w1thoullurth" 4.....4 and II., (Ollel... 11I11 Mo...... by Judldal pl'OCCCllln~ Lende, &IIa11 be mlltlcd '0 a>11ect In .uch proceedlnl all....... 01_.... 11Idudln& NI Dolllal..d to, .....nabl. attorn"', 'ea nollo .aceed 1511 0111I. loW 11IlI..1edna& and colli 01 documm..ry eWI.ncc, abtlradl and tld. --. It. -..... RlIhllo -.... Notwllh&t.lndlnl Lrnde~. ""Imllon 0111I. .ums secured by 11I10 mo....... Borrower shall hav.lII. rilllllo have an, _1Itli.,.....un b, Lrnclcr Io.nioru 11011 MOItIaItdJacontlnucdal.nyllm. prior 10 all",. on. hour prior 10 the commm"m.nl oIbicldlnlaluhtrifr. sal. or olher sale pu....nllo 11I11 1IortW. If. lal_pays Lender allIUm. which would be lII.n due under this Monwe. the No.. and nota securinl Future AdYlnca.I"n,. had no accel.ratlon occurred; lbI_ cum III brucha o( any otha cownants or littemcnts oI80rrower contllned In \hI. MortCICc; (c) Borrower Pi)'S III rc.uontlble upcnscs Incurrtd by Lcndtl' In enfardna the COVInants and ._mmts of_, contalnrd In thl. Mortlll' and In .nron:lnl Lrnclcr'. ..mcdlcsu "",vlded In paralraph 18 hmo' Includln.. bul not IImllrd to, .......bl. .ttorn.,.. r.s nollo nueol15l1 oIth.lI>taIlndtbledn... and (dl&orrow., taka .uch act!on u Lender m.y ........bly rcqulrelo usu.. thalth.lI.n 01 this MortIOIr. Lrnder'. Inllrl" In th. Property and Borrowo~. oblllaUon to pa, th. .um. secu,cd by 11I1. Morlloll< .hall conllnu. unlmpal'd. Upon such payment andcu.. by Ilorro_.IIII1I11Ort101. end the oblhptlol\S MCUM hereby shill remain in full (orce and effect IS II no Kerlcnllon hid oc:cumd. 20. Aulcnmenl o( Rattt.. Appointment 0( Rtc.lvtr; Lender In Pot.IoWlon. N addltlon.l HCUr.1y hereunder. Borrow'u htteby usillns to lender Ihe rents of th Property. provided that Borrow" ah.JI. prior 10 Iccelcnllon under par.Qr;)ph 18 hertOI or .bandonment 01 the Property, hlYlf the rillhl to collecl and reuin such ",nls IS they btcomc due and Plyabl.. Upon Acceleration undtr pan.,aph 18 heRot or tl~ndonmrnt o(thr Property, IAndtr,ln penon, byAQlI!nl or by judlcltllly Ippolntcd I'tcelvtt, slWl be cntll.d to tnltf upon, like poe.&a1lon of and man. the Propmy Ind to collrcl the fCnls 01 the Prnpcrty includln, those PIIt due, All rvnts colltclfd by lenda-or!.he rteelvtr I~II bcapplitd ant 10 Plymtnl of the costs o(mana..m.nloflht Property .nd collr.ction olrtnls, including. but nOt IImltcdto, ""Iver's feu. premiums on l"tCelvtr's bonch and rruon.ablllltomry', (.s, not to ncctd 15" of th. 10lallndtbtednras Ind Ihlfn to the sums securN by this M"rtaaae:.under and Ihe receiver shall be B.ble to lCcount only for IhoH rents actually rtCtlved. 21. futu" AdvlncC'L Upl./rl request o( &mu...~r, t...:IlJcr,.t Lender's option J:'lor to rcle.uc01 lhl.s Mort&iCC, milly makr futul't advances to Borrow", Such IiUtuft Advanct.\ With ine.rcsllhertOl\ .hlll be sa:ul'td by thi.s Morttllce when evidenced by proml.ssor)l notes suUnlllhl1 said notes 1ft secured hereby. At no time shlll the princiPlllmount o( th. indcbttdncu secuNd by th15 Monallle, not indudinllsums Idvlnced In Iccoroance herewith to prottct Ihe Sotcurlty of this Mor1lla.ie. tlIIcced the orilllnlllmount of Ih. Nott. 22. RelllN. Upon payment of III sums Kcurtd by Ihi.s Mortlilolillf, lAnd" shall dlschara;e this Mortllalilr, without Chiltllr to Borrower, Borrower 51\.111 PlY IU costJoIl'tCOf'dallon. i( .r I)r l}lhnw," ."'rdtd by apphubl. Ii., ,hili M'I be Iw..iwr tnal" ch.rllt'S b)ll.cndtf ahall no' be I. wllwr Q( lend"', any, 23, Pun:hut Mon.y Me)rtal'~ IIill or par10fthe 5um5 ueufl'd by this Mor1ltilll:r are lent II) Uorrowlfflo acquirt titlt 10 th~ Property, Ihi5 Mn~I"r is hcrebydtcw.d to be i purchUlf money mortlallt. IN WITNESS WHEREOF, &rroWtf ho'L\ ulfeultd Ihl:\ MlIrlwoillt, WitnuSts: (i#;6~c-(~I:df? ~f;.( "nllth, .TI'. ~ . 1t!!!-((lall,JndIL . Borrower . Borrower .".<. t "t .'oc, ...~t JndlY1Hlll '.lleI .l(l'O\l.,I, Ilf Yl'rlf'o'lIlll.md (ll"'plllnll....hl.L'<I"~mt'nh .1IIt! t>ilh. lilli,"" I :t'n:I,'~ l'~v~I\('n""",., IJl!..'~t~..ll Ihl' FIJIl'j, ,Ind .11l1,lh.,I~,lf I.IW I'I'fIllI" 1.("111" h) m,tk, ,".:h .. ADJuSTABLE RATE RIDER THIS ADJUST,\!lLE RATE RIDER II rnad.thll 18th dllyof Jun. ,10 9J , Bod i, incorporated into and ,hall be deemed to amend and aupplement thv MortK'llMt!, Deed Qt'1'ruMt or Stcurity Dud (the "Security In.trum.nt")o(th~ ..m, det.wiv." by the under.l.-oed (th. "Borrow.,r") to ..cur. Borrf)wer'lI Adju,tiJ.hle Rote Note (the "Noto") to r.rm,nand ,Mlrc:hantr- ,Tru.t. GQmp",ny , Ch..t.mbaubul:&, PA L1201, <th, "LAnderH) oC the urne doto ood coverlor the property d,.crlb.d in the S('curity In.trunl."t and located at: 38 Kallr Lan., Sh1ppIJlabura. Pinney lv.-niB 172~ 7 IProl,.rl.v Ad.!,,,.) THE NOTE CONTAINS PROVISIONS ALI-<JWING ~'()Il CIIANGES IN THE INTEREST RATE ANll TilE MONTfI1,Y "AYMENT, IF 'I'm: INTEREST RATE INCREASt:S, TilE BOIIROW~;R'S MONTIIL Y PA Y. MENTS WILL BE HIGlIER, ... TilE INTEREST RATE llECIU:ASES, TilE BORROWER'S MONTIILY PAYMENTS WII.L HE LOWt:Il, ADDITIONAL COVENANTS. In addition to the Covennntll and UlfI'ct'mentlJ mode in the Security Instrument, Borrower and Lender furth,r covenant ond RllrCtl ua (ollow,,; A. INTEREST RATE AND MONl'HL Y PA YMENT CHANGES The Note provides (or dn initial intereat rate of 6.2.5 %, The Not. provides for changes in the intt!rut rate and th& monthly pay menu, R. followa: 4, INTEREST RATE AND MONTHLY PA YMENT CHANGES IAI Chanae Oat.. The Intere,t rate I will pay may chnnlle on the linn day of July 1 .19 94 ,and 011 that day every 12 th month thereafter. Each dute on which my intercat rate could chantlc is called a "Change Dote. II IB) The Index Seainnin&, with the rant Chl1nllc Date, my interest rate will be b8ledon an Index, Th."lndex" i. the: IChrr"/J/l1' hut tUH,rI,rrlfr!lIdu) (l" (i) Weekly Ilveroee yield on United Slates Trel1l1ury .ecuritiell odju.ted to a conatunt maturity of Clne yeDrI, a. made ovailable by the Federal Ruerve Board. O. (ii) "Contract Interest Rate, Purchase of Previou.ly Occupied Home., NI1t1onol Averaee for all Major Types of Lender. "publi.hed by the Federal Hom. Loan Bonk Boord. O.(iiil '}f II.",,' ,1t~1t ",,,. t"'lll' (!t,'r.""""{'IU~. II !'1I,'rltrd. ~JIf' L,ml"f1l1fl 1I""'In','rdu ",,/ uti",,,...,, Ollrt, 1fI W,I/'";l, lilt!..., f"li"I.tr'III,'d UJlIf"Ppl)! The mOlt recent Index rieure available 81 o~ the date 46 day. before each Chnnle Date i. called the "Current Index." [( the [ndtx i. no lonier available, the Note Holder will choolle 0 new index which i. bosed upon comparable information. The Note Holder will give me notice of thi. choice. (C) Calculation of Chana.. Before each Chane. Date, the Note Holder wiIl calculate my new int.r'lt rate by adding. 3~OO , percentage poinu ( ,J~OO..."",. ',1(1) to the Current Index. The interest rote cannot increase to more than 12~ 2.50... percent I1t any time durin,l the loon term. IC~fClr 0". bo:r to indica', wlwlt., tit. n.w ,",.,..t rot# I~:il/ Qf WIll not b. roulldid to tll. ".orn' I,; 01 J'lf, (0. 12tH') .) o lilThe eurn, eubjeetto the provi.ion..et forth in eeetlon (C) (iii), (C)(iv), and (C) (v) will be my new interelt rate until the nlxt chanee date, Illl (Ii) Th. Not. Holder will then round the re.ult of thl. addition to the neareat one,e1ahth of one pereentlO,126'lb), Thi. rounded .mount, eubjeet to th. provl.ion. .eHorth in lIetion (C) (iii), (C) (iv), and (e) (v) will be my new interllt rate until the next change date, !C~fCIt app,op"(u. bo.r" IQ ,nd,ca" wh.th"th", ar. dn.)l ,"0.11"11"" Illnit. 0" cAaltM" in rA, int"." 'ot. 0" .och ChoflJl' Dlll~, .lfIO bQ:r r, c~ult,d th", will b, rtoMo.ril/lul7Il'l7Ii, 0/1 cllortllu,) o (Hi) There fjre no maximum limit. on any chanee.. in the interest rat. Ilt any Chanee Date. (JI (iv) The interelt fat. cannot b6 chanaed on any .in,lt'! Chona. Date by mort than.. 2.00 percentage point, from tht rllte of intervst I have been payln, for the precedin, 12 month.. ~(v)Th. intere.t rotecannotdecrolJaetolcu than O.,~.50. percentotany tim, durin, the loan term. Th. Notlf Hold.r will th.n determine the amount o(the monthly payment that would be sufficient to repay th.principal I am expected toowe atths Chan,. Dat.in Cull on the maturity date at my new internt rote in lubltantially .qual paym.nt.. Th. reault of thi. calculation will b. the new amount olmy monthly paym.nt. (D) Effective Oal. ofChanaea My new intereat rate will become effective on each Chan,. Date. [ wilJ pay the amount of my new monthly pl\yment be&'inninlon the fillt monthly paymantdat. after th.Chan&" Date until theamountof my monthly payment ch&n'el Brain, MULTISTATI ADJUITAILIl' AATIlItIOI,. _ Slngll '.mlly '1lIlble "'''M 'ro8'lm ICopytlgl1tA.yHoligl1CQlnp.ny.1nc liai iOiii 1113 PACE 881 Page 4 "Your mortgage is in serious default" because you have failed to pay promptly installments of principal and interest, as required, for a period of at least sixty (60) days. The interest per diem is $11.70, The total amount of the delinqency is $3,870.62. That sum includes the following: Principal Interest Late charges $1,166.05 $2,491.81 $ 212.76 $3,870.62 TOTAL If you have tried and are unable to resolve this problem at or after your face-to-face meeting, you have the right to apply for financial assistance from the Homeowners' Emergency Mortgage Assistance Fund. In order to do this, you must fill out, sign and file a completed Homeowners' Emergency Assistance Application with one of the designated consumer credit counseling agencies listed above, An application for assistance may only be obtained from a consumer credit counseling agency. The consumer credit counseling agency will assist you in filling out your application and will submit your completed application to the Pennsylvania Housing Financing Agency. Your application must be filed or postmarked within thirty (30) days of your face-to-face meeting. It is extremely important that you file your application promptly, If you do not do so, or if you do not follow the other time periods set forth in this letter, foreclosure may proceed against your home immediately, Available funds for emergency mortgage assistance are very limited, They will be disbursed by the Agency under the eligi- bility criteria established by the Act. It is extremely important that your application is accurate and complete in every respect. The Pennsylvania Housing Finance Agency has sixty (60) days to make a decision after it receives your application. During that additional time, no foreclosure proceedings will be pursued against you if you have met the time requirements set forth above, You will be notified directly by that Agency of its decision on your application, The Pennsylvania !lousing Finance Agency is located at 2101 North Front Street, 1',0. Box 8029, Han'isburg, PA 17105. Telephone No, (717) 780-3800 or 1-800-342-2397 (toll free num- bt';lr). Persons with impaired hearing can call 1-'800-342-2397. ACT 91 NOTICE IMPORTANT: NOTICE OF HOMEOWNERS' EMERGENCY MORTGAGE ASSISTANCE PROGRAM PLEASE READ THIS NOTICE YOU MAY BE ELIGIBLE FOR FINANCIAL ASSISTANCE WHICH CAN SAVE YOUR HOME FROM FORECLOSURE AND HELP YOU MAKE FUTURE MORTGAGE PAYMENTS RW TRUST RE: Account #24-11150 $55,920.00 Note dated June 18, 1993 TO: Karen M. Smith 38 Koser Lane Shippensburg, PA 17257 FROM: Farmers & Merchants Trust Company P,O, Box "T" 150 Lincoln Way East Chambersburg, PA 17201 December 15, 1995 DATE: You may be eligible for financial assistance that will prevent foreclosure on your mortgage if you comply with the provisions of the Homeowners' Emergency Mortgage Assistance Act of 1983 (the "Act"). You may be eligible for emergency temporary assistance if your default has been caused by circumstances beyond your control, you have a reasonable prospect of resuming your mortgage payments and if you meet the eligibility requirements of the Act as determined by the Pennsylvania Housing Finance Agency. "Please read all of this Notice, It contains an explanation of your rights". Under the Act, you are entitled to a temporary stay of foreclosure on your mortgage for thirty (30) days from the date of this Notice. During that time you must arrange and attend a "face-to-face" meeting with a representative of this lender, or with a designated consumer credit counseling agency, The purpose of this meeting is to attempt to work out a repayment plan, or to otherwise settle your delinquency, This meeting must occur in the next thirty (30) days. FARMERS & MERCHANTS TRUST COMPANY P,O, Box "1", CHAMBERSBURG. PA 17201-0819' FAX 717,264-3415 C1wfllbl'rsburg · 2M-iii /(i Mmiof/ . 375-2;!OO WUYf/l's/JOm . 762-2188 Page 4 "Your mortgage is in serious default" because you have failed to pay promptly installments of principal and interest, as required, for a period of at least sixty (60) days, The interest per diem is $11.70. The total amount of the delinqency is $3,870.62, That sum includes the following: Principal Interest Late charges $1,166.05 $2,491.81 $ 212.76 $3,870.62 TOTAL If you have tried and are unable to resolve this problem at or after your face-to-face meeting, you have the right to apply for financial assistance from the Homeowners' Emergency Mortgage Assistance Fund, In order to do this, you must fill out, sign and file a completed Homeowners' Emergency Assistance Application with one of the designated consumer credit counseling agencies listed above. An application for assistance may only be obtained from a consumer credit counseling agency. The consumer credit counseling agency will assi~t you in filling out your application and will submit your completed application to the Pennsylvania Housing Financing Agency. Your application must be filed or postmarked within thirty (30) days of your face-to-face meeting. It is extremely important that you file your application promptly, If you do not do so, or if you do not follow the other time periods set forth in this letter, foreclosure may proceed against your home immediately, Available funds for emergency mortgage assistance are very limited. They will be disbursed by the Agency under the eligi- bility criteria established by the Act. It is extremely important that your application is accurate and complete in every respect, The Pennsylvania Housing Finance Agency has sixty (60) days to make a decision after it receives your application, During that additional time, no foreclosure proceedings will be pursued against you if you. have met the time requirements set forth above, You will bf' notified directly by that Agency of its decision or. your application, The Pennsylvania Housing Finance Agency is located at 2101 North Front Street, P,O, Box 8029, Harrisburg, PA 17105. Telephone No, (717) 780-3800 or 1-800-342-2397 (toll free num- ber). Persons with impaired hearing can call 1-800-342-2397, ,., Ul i". I . } L/ . , I,'---"'-'~ 1__,__- . L I,."" ",IIi,'r,',',r!lj,",II'M.'~of" ',;eN] IL,) """""""'''''0'''''''' ..... , " ---~:\~ .....,j..J ~ '" , '" :N ..... ('j,olI ~;r " LJ:l., ,\, "f,.. '. " ,,;~ i.:, "! PSFO!-lM:'l'l;() RECEIPT FOR CERTIFIED MAIL ~ ,;,:: ",',';.", on; \1uI I al,o 'N,llh to r.c~~. Ihlr ==l~:' tlltolll~-..'IQ' fQllowlng"'t~lc..(roran'.,'.',,): ~c I'OlU' I\IIftfWlll"'_llIItht'_.. <III"'-Ior," "'IIaI... ~""'H..n .....~..~ ~ , 5AtAdtJ"...... Add,.., ::,~~":.~~~"L::~~,'': ~.:.:::,~,~=. '''''11I'''''' ;1. O"Rltllnct.tJ OttlYflry .. "''''''RK~'" ....p'_ ......II.. 1Ii"I1",. QlI""'IlitI..........lI<Jlg..~lhI C\lrlw.uIlIX).lmBII.r lor I.. 't~m"UIftjIO q, AI1It;;1lI NlJInbuf P 917 220 4.3 Arthur E. ~Ith. Jr. 30 I:ollr L... Shlppon'burg, PA 17ZS7 04b s.r"CII lYpe E CERTIFIED 8. Add,....,', AdUrlal (ONLY if f'eQlNsl,d IfI(J f.. pild.} .orI1l3811,OlIctrTlbtr t9g, DOMESTIC RETURN RECEIPT ,'~ m ~;,~ :;'C IT" ~.. ..... } .. ,\'~.l Hlt'JllI' ~~.~~1.r :'; ,'::'i:: ,tt"., "'~y ~ "".IW ,. hl<.l!lnl , L'.I~' 1''''''lnHI.nf''"",nll.IIf'' '>l'IV'Ch '"' '.;~''';I ""<l' fl., N 0 >W'_o .tt"~ttAfl .....~fI. "., ,.'..... :~.'r c. ..?: ""~ RECEIPT FOR CERTIFIED MAIL PS FORM !~('C Ilftl "....~.... 1 ""'Qll "" -.Nl~0\lI"IeI ....,... I allO wish to f"fcllivt the "WIIl'I!_ 3, ...,...1 ~ 'ollow~ "rylet. (lor an '"tra ,..): ~l toIt_trollfJll"'H 011 U"'_M go 1""luIm""IIaI"ellll'M'~"TtI......~ iQ Kh IhlIIontI I. ,''' 'ron! ~ Ill, tn.~, ()I 0II11'1t tltcM " _ 001. 'IQI DI'rTII\ 1, Addr.....'. Add".. I. A1111,""-c""'~t1t1l 00 11'It"'-'ipftC;tllllD>'l'1'ItIl'IeIt""",,* 2, a RllttrlcledOellvtry 'AI!U'"""=eoI,......ll'\IVdI ,w,I'ItIlQtlt!~.'1III'ItPl'_'*_tIlIO..ldl... Co " f IdIiI~ nou oatmultror'tll i41eAd&li.Hdlo q, Artl<.18Num~r --.. ""'"(."11 M. 5, 11 ~h JC ".o,er L...'1" 5hIPPl1f1".btu"'J. ~l;' !,'.'~;' ~~~ P 913 19a 733 4b, Str.rlCt Type ~ CERTIFIED 7Da!'~,I~;~ /::J' _ 6 ~tlll''''''~ Adu'tal IONt,y If flJQUfllJ/IIQ /fila '" pard,) ----- Itlatul, -Ih;jllotl j~m3811,0et:.mblJf 1991 - , DOMlSTjCAETUliifiiiCEiPT ~ !i ~! ~~ d I i- . U ~! ~~ d I Page 2 If full payment of the amount in default is not made within THIRTY (30) DAYS, then, subject to any additional rights you may have under the Homeowner's Emergency Mortgage Assistance Program, the Lender may also instruct its attornevs to start a lawsuit to ~close vour mortGaqed propertv. If the mortqaqe is fore-. closed. vour mortqaqed property will be sold bv the Sheriff to pay off the mortqaqe debt. You will have the right to assert in any foreclosure pro- ceeding the non-existence of a default or any other defense that you may have to acceleration or foreclosure. I f the Lelldel' refers your case to its attorneys, but you cure the default before they begin legal proceedings, you will still have to pay the reasonable attorney's fees, actually incurred, up to $50.00, in order to cure the default. However, if legal proceedings are started, in order to cure the default you will have to pay the reasonable attorney's fees, actually incurred, even if they are over $50.00, and you may also be required to pay the Lender's reasonable costs. If vou C\lre the defaul t within th&--tllirtv-dav period. you _will not be required to Dav attorney's fees. If you have not cured the default within the thirty-day period and foreclodure proceedings have begun, you still have the riqht to cure the default and prevent the sale at any time UP to one hour before the Sheriff's foreclosure sale. You may do so bv pavinq the total amount of overdue paYments plus anv late or other charaes then due. as well as the reasonable attorneys' fees and costs connected with the foreclosure sale. and performing any other requirements under the mortgage. It is estimated that the earliest date that such a Sheriff's sale could be held would be approximately February, 1996. A notice of the date of the Sheriff's sale will be sent to you before the sale. Of course, the amount needed to cure the default will increase the longer you wait. You may find out at any time exactly what the required payment will be by calling the Lender at the following number: (717) 261-3640. This payment must be in cash, cashier's check, certified check or money order and must be made payable to the Lender at the Lender's address stated above. You should realize that a Sheriff's sale will end your ownership of the mortgaged property and your right to remain in it. If you continue to live in the property after the Sheriff's sale, a lawsuit could be started to evict you. You have additional rlghts to help protect your interest in the property. YOU HAVE THE RIGHT TO SELL, THE PROPERTY TO OBTAIN MONEY TO PAY OFF THE MORTGAGE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY OFF THE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY OFF THIS DEBT. CONTACT THE LENDER TO DETERMINE WHETHER OR NOT A BUYER OR TRANS- F'EREE MAY BE ALLOWED TO MJSOME THE MORTGAGE DEBT. Page 3 YOU HAVE THE RIGHT TO HAVE THIS DEFAULT CURED BY ANY THIRD PARTY ACTING ON YOUR BEHALF. YOU MAY ALSO HAVE ADDITIONAL RIGHTS tJlllDER THE HOMEOWNERS' EMERGENCY MORTGAGE ASSISTANCE PROGRAM, IF A SEPARATE NOTICE ABOUT THAT PROGRAM IS ENCLOSED WITH THIS NOTICE. If Yo~cure the default. YOU will have the riqht to Dav off the loan in monthly installments as if no default had occurred. However, you are not entitled to this right to cure your default more than three times in any calendar year. Very truly yours, ilo.yt/ td~... Fay V. Watson Credit Officer FVW: kmb CERTIFIED MAIL RETURN RECEIPT REQUESTED P 917 220 463 AND FIRST CLASS MAIL, POSTAGE PREPAID " ' Page 2 If full payment of the amount in default is not made within THIRTY (30) DAYS, then, subject to any additional rights you may have under the Homeowner's Emergency Mortgage Assistance Program, the I,ender mav also instruct its attorneYll to start a lawsuit to foreclose your mortqaqed ~roDerty. If the mortqaqe is fore- closed. your mortqaqed proper.ty will be sold by the Sheriff to pav off the mortqaqe debt. You will have the right to assert in any foreclosure pro- ceeding the non-existence of a default or any other defense that you may have to acceleration or foreclosure. If the Lender refers your case to its attorneys, but you cure the default before they begin legal proceedings, you will still have to pay the reasonable attorney's fees, actually incurred, up to $50.00, in order to cure the default. However, if legal proceedings are started, in Ordel" to cure the default you will have to pay the reasonable attorney's fees, actually incurred, even if they are over $50.00, and you may also be required to pay the Lender's reasonable costs. ;f vou cure the default within the thirtv-day period. vou will not be required to pay attornev's fees. If you have not cured the default within the thirty-day period and foreclosure proceedings have begun, vou still have the riaht to cure the default and prevent the sale at anv time UD to one hour before the Sheriff's foreclosure sale. You may do so bv Davinq the total amount of overdue payments plus anY late or other charqes then due. as well as the reasonable attorneys' fees and costs connected with the foreclosure s~ and performing any other requirements under the mortgage. It is estimated that the earliest date that such a Sheriff's sale could be held would be approximately February, 1996. A notice of the datil of the Sheriff's sale will be sent to you before the sale. Of course, the amount needed to cure the default will increase the longer you wait. You may find out at any time exactly what the required payment will be by calling the Lender at the following number: (717) 261-3640. This payment must be in cash, cashier's check, certified check or money order and must be made payable to the Lender at the Lender's address stated above. You should realize that a Sheriff's sale will end your ownership of the mortgaged property and your right to remain in it. If you continue to live in the property after the Sheriff's sale, a lawsuit could be started to evict you. You have additional rights to help protect your interest in the property. YOU HAVE THE RIGHT TO SEIJL THE PROPERTY TO OBTAIN MONEY TO PAY OFF THE MORTGAGE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY OFF THE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY OFF THIS DEBT. CONTACT THE LENDER TO DETERMINE WHETHER OR NOT A BUYER OR TRANS- FEREE MAY BE ALLOWED TO ASSUME THE MORTGAGE DEBT. , t) ,0 1"J ".~ - Co) . .. ( I I'" (.~ '-:loC") . < I ~ I , ....:::r- '- r 1'- ~ '- " "1 P -S ~ ~ ":1 ~ l"- .. ""\ '.. ~ "b ~ ~', r;r-' . . - CJ -' ~ .