HomeMy WebLinkAbout96-02225
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Jay S. & Virginia G. Hoover
223 Enola Road
Newburg, Pa. 17240
$12.015.88
Shippensburo, Pennsylv~nia
Aoril .2..4.........1996
In installments as hereinafter stated, for value received,
I/we, promise to pay to Cumberland Valley Coope~ative Association,
6 West Orange Street, Shippensburg, Pennsylvania, the sum of
$12.015.88 with interest on the unpaid principal at the rate of 11
percent per annum from date hereof until paid in full. Said
principal sum and interest shall be payable in equal sllccessive
monthl.y installments of $459.94 each, commencing on the 2.U.b day of
May, 1996, and continuing until October 24. 1998, at which time any
unpaid balance of principal hereof and all interest accrued thereon
shall be due and payable in full. All payments shall first be
applied to interest due, 'J/ith the balance to be applied to
principal.
Upon default in payment of any such installments or of
interest when due, or upon failure of the maker to pay, within
thirty (30) days of billing, his open account balance with
Cumberland Valley Cooperative Association, the whole of the
principal sum then remaining unpaid and all interest accrued
thereon, shall, at the option of the holder hereof, become
immediately due and payable, without demand notice.
And further, I/We do hereby authorize and empower any attorney
of any court of record of Pennsylvania or elsewhere to appear for
and to enter jUdgement against us, in favor of any holder of the
Note for the above sum with costs of suit, release of errors,
without stay of execution, and w!.th fifteen (15%) added as a
reasonable attorney's fee, and I/We do hereby waive and release all
benefit and relief from any and all appraisement, stay or exemption
Laws of any state not in force or hereafter to be passed.
WITNESS:
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