HomeMy WebLinkAbout96-04747
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WIlERI!:M, JIERBF.Rl' C. ~, lUawm W. l<<lOOE ftIlJ MIalAEL J, CIRI!:I!m:, 'riA
mmB'iXNANIA l'mPmI'Hll MI\NJIll~J"lml' o:JolPl\NY, n partnership (l18niMtl:A9r called
"IloJ:'rC1;/lllr") dosi~ to tral1llBct l:JJeiness Witll am to oot:ain credit: tran the
l'nlNB'iLVANIA BTA'l'E IWlK (heruiMI'b:lI: called "Bank") I IIn:I
WHEJU,71S, 13ank is UI1Willirq to uxt,erd 0... oontinus or-odit 0... IIi1Y renewal
thereot to Ilor-ru..oor wi thoot tllis Gullranty I
NCM, 'llImE1'1JHE, in o~uor to in.luco Bllnk t:r.> cxteM 0'" oonHnue oraHt to
BoJ:'rC1;/lllr, nl~ in CXJllIIldcmtlon of the p...cmifles am the sum of $1,00 am of
othe... good nm vallJJ1blo ool1Bldemtlon, tho ul'dereiqned, all lIurety, subjr,lCt:
only to the lIml.t1ltion hcminllft.or not faIth l.n pIIrngrap, 1, hereby LllJeolutely
nn1 unool'ditlonally gl1l\r[l/ltl~s to lJiInJ< P~ulflt p6YJOOnt 1<r110l1 due and at all
times thaL'ollfter. of /lny nrd 1111 cxlstJ.m 11m flltuL'O J.nicbtedneaa am liability
of. avery k11~, nntlJrl3 Ani charActo... (incllrllrq 011 renewals, extel1Bions am
llPd1ficatiol1B theroof) flUll I3orJ:U.oler to l3IInk, ha.nooover nr'd I<.hcmaoaver created
or arising 0... Ii!videnood or IIcxjUiro.:l.
1. 'Ihe BJ1PJnt at the ul~ersignod '13 liability hoJ:"(!Ul):ie... Bhnll be Four
HuIldred Fifty 'lhOOBllrP Dollnl", ($450,000) plus ao:::l:Uoo Int.eroot. 'J.he
urw:ieraigned agrees thot the amount of l3o~r' B 1 iabill tJ.es to l3IInk IMY fran
time to tiJoo exc::eOO the Mid limit of the urPel-algned' 13 liability hereuJ)1er
withoot in any way nff.octim tho liability of tho umorsl,gned her.eunie....
2. 'Ihis GlIl1ranty J.B Illodo I\l~ shall oontinue os to nny om all Buch
il'debtedneaa Ol-n linbJ.1ity of I3orrcM<<3r to Bank, without rogatU to collateral,
or security, or guaranties, or other dJligorB, if any, or to the validity or
effectiveness of /lny om 1\11 tllcroof r am IIny nl~ all Budl CXlllateral nni
security al~ gun...antios Am other obligors, J.f nny may frcJn tilOO to tIJoo
without notice to, or. =nncnt of the ul):!ersigned, be oold, rolc>.ascd,
surremerOO, exchnn.]c<1, oottloo, call1raniso:l, waived, Blll1on:linated or
pitied, with or without consideratIon, on such tenm or =mltl.ollB as may be
aooeptahle to Dank, without In I\IlY 1101nne... affecting or in{ll\idng the liability
of the umersigne:l.
3. It is agrooci thllt tllO urdersigne:l's linbility hereun:ler is several
ard is imepeojent of any othor C)\Iaranties at any tiloo in effect with respect
to all or any part 01' the imobtOOneBS of I3orro..'Cr to l3IInk, am that the
umersigne:l's liability heroume... MY be enforoOO rogatUl<!BB of the exlst.eooe
of any such othe... guaranties.
4. TIle un:lernigned hereby waives all notlcx>.s of any dlnracter
whatsoeve... with respect to this GUaranty ani BoJ:1:'O;.'Qrts linbilities to Bank,
J.ncllJdirq, oot not limited to: notice of acx:eptanoe hereoft notice of
creation, existence or aCXjUisition of any liability hereby guarantee::lr notice
of adverse chan:je In f!orra,.,tor' B financial =ndition or of any othe... fact
.....
atteating uroel:19iqnoo's risk he~-ellmert am /lOtiUl of dofault. 'Itls
un:lerl91gnod further waives the benofit of 1111 laWll now or ho/:ll.1ftsr in sr.t'oot
in any Wily lllUititYJ or rnstr1(ltiIYJ tJ10 1111l:lility of tJ10 uJ~ol:llignod hereun:irJr
am waives all dfilfonaes wt1/'Jtooever to uMoL1lIgnal's l1nbil1ty hllt'eUl):!or otllOr.
than P/lYl11I1nt.
5. If llny of llonUvleI:'t1 obl1\Jlltlorw to llill1l{ Ill'll 110t duly perfOll1W,
Il10luding tho pralllt payment wt1<Jn duc of nny 1Il11011nt pllYllblo tJ10l:llU1~0I:, 1111
Borro;lOr's linbIl1tiea t.o IlI\nl{ shllll lit 1~1I11{'a optl.on bo deemed to be
forthwith duo IU):! pnYllble for tho rJ,l\:p:ltIOll of this GlUlrlll1ty al~ tJ10 linbl.l ity
of tho un.ioraignoo herellt'dol:,
6, In ndditlon to 1111 otJlOr llnbl.1H:y of tho lll).!ol:13ign().! horeulrlar 11M
notwitJ1Bt:nl~ir),J tilO l1mi.t oot f()J:1:h j n IJl\mgJ:i\r~l 1. hOL'l~f, tho UI~OI:aignod
also IIg~-ee13 to pay to flank on d('JllllI):l 1111 o:J6ta l])).i expon&ls (Includill;J
ral\BOl1llble att.tJrneys' 1'0013 III),! 10:/111 oxpcn~s) wtlid1 IlVIY be itPll:red in tJ10
onforceJnent of tho lJorrcMor'l'l J.jllbili.tlell to llank 0.... til13 lIability of tho
uncloraignoo he~'lJUI),iI!l:.
'I. 'lho uMorai.gnod hel-r>JJY 1I11tho....l7.ou 111-.1 l!JIlfX1>'I<Jra any Prothonotary,
Clerl{ or. IItton1OY of any (',ollrt of Il.ocon! to app:mr 1'01: /It'd cxll1f(Jf.ls j~nt
ag1\il1l3t tho uJ):ieraiqnod in fllvor of l1ank, its SUOC(J8som or assIgns, at any
time, for tho swn sot forth in p.lrngmph J horeof, witJl Interest, oosta 13M
~'lJI\BOnnblQ fees of COl1l1OO1, wIth rolrulse of crror, 13M WitJ10llt stay of oxccu-
tionl OM tJ10 ul):ioraigned furthor [1utJlot:!zeR tJl0 h111nllnto issuill;J of 1111
appropt:!ate writ of Ol(ocution upon which rulll or pOl:'6011I\1 pl:'Oporty l11l\Y be sold
withoot delay as provldoo by ll1W at' tJ10 \:\lles of civil procedure governing the
enforceJnent af j~tel 11m tJl0 ul):icraigna:l alao waives the right of
inquisition on any real esl:llte tJ111t IlVIY l:xJ lClV ied upon tr.l collect tJl0 IIJOOllJ1t
due umer R judgmont obtaino1 by virtuo hereof, 11m umersigno1 does hel'liliy
volllnl:llrl.ly coo:iOllUl the SlIme ,1M hOl-eby waivQ8 llOO t'OlellOOB all rolief fmn
any [1m all appraisement, stay or l1allestolld laws of any state, lION .in fOtoo,
or horeafter paBsOO, 1\I):! any right to except to, strllw off, open or aweal
from the judgment RO pntnn-rlr 1\11<1 If l\ tnlo copy of thil'l instrlll1'l3l1t shall be
filed in al1Y such lIction, it shn]J not l:xJ 11<!<X!8811t)l to file tho original as a
warrant of attorney, any rule of court to the contrary IlOtwitJ1BtaMil'Y;J, No
singlo exercisa of tho fOl:n:)oing warrant ard p<:1.>'Or to cxmfess -judgment shall
be deemed to lOOlaUBt tJle p.:PWer, Put it slmll oontinuo umim.l.nished ani may be
exercised tran tiJOO to tillX! [IS often as Bank shall I;1lect, until [Ill S\D1\S
payable by the urdom.ignod have been paid in full.
IJ, To securu ail ooligations of tho uooorslgl1oo hereurdor, Bank shall
have [I lien upon 1300 security interest in (aM may, without demnM or ootice
of any kiM, at any tinX! aM froll tinX! to ti.Jne when any ll/OOU/1t shall be due
and P/lyable by such uMera ignod hereuMer, appropriate aM apply t..awanl the
payment of sUe'll IIl1PJI1t, in sllch @ier of application as Bank may elect) any
and all balances, credits, deposits, aCXXllJnts or moneys of or in the I'oIIlOO of
such un:Ieraignod I1CM or herollfter, for any reason or p.lI:poae whfitsoevor, in
the possession or cxmtrol of Bank.
9. 'rho liability of the umorsigned horeuooor i6 absolute aM
uncomitionnl am Bhnll not be affected in IIny way by reason of (n) lIny
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t4Hure to retain or preserve, or the lack ot prior entoroemanl: ot, any rights
Il'iJIlinal: any ptIl:l'1011 or persona (inoludio;, /kll.TC1;/llr) or in any Prq:JeJ:l:Y, (b) \:he
inva11dity ot MY I!IUdl rights lIt11ch IMY be al:l:erptm to l:lo OOl:aihed, (0) any
delay in IIIltoroing or tailUl'll to ontoroe any sudl rights even it lIudl ri9l1t:a
ant thereby lOllI:, or (0) any delay in enfor.ci/'):j or fanure to enforce any IlUdl
righl:a WIIIl if such righta lira thereby lost, or (d) any delay in maJu~ cIIJman;t
on the uMereigne:l for parf01:11VUlC(/ or payment of the ull1ereigned's OO11g81:1011s
hel:'GllMer.
10. It tho lJn:lesignOO consists of mora than OIlO poruoll, BllCh pareons
shall be 10intly am BQvornlly Hllbio hor.t?lInler. '1I1is Gllarnnty slvlll inure to
\:he benef I: of l3ank, its SUlJC(!fiOOI:1l, fi8Si~ltlB, G/).iol:1lOl!a am OilY parson 01.'
parsons, incllldil1\J any bBllkll~ inutltutlon Ol~ institutions, to v.han l3Ilnk may
Il/:'ant any il1tareat in llorrawor'u lIBbllitieo to J3.m]t Qt. LIllY of them, 11m shall
l:lo /:liming upon tho wldemlgnoo Ol):! tho lllldo113igncxl'u eXOL....ltom,
administrntol:1l, SuaJeBSOm, assigns, L1rld other h~ll\l ropraBel1tativCfl, 'Ihe
Ulldol:1ligned intsllda this to bo n OOIlcxl irwtrun)')nt am to be l.egally l:JooM
hereby. All issues arising hlll:l:lUI):!lll: uhall bo govomOO by tho law of
Pennsylvania.
11. 1he Ulldol:1ligned o.:JVenants alld agrees to prov ide ClIttel1I: tinarnial
atr.l other lJ1fol:1Tllltion oonoeming tho ulldemigned'f3 _ta, oordition IIll1
affaim fran time to time as l3Ilnk IMY J:'eqUeBt. 'Ihe failure of tho Wl1ersigned
to provide timely BUdl info/:11Vltion will constitute a default he/:'8llllder,
WI'llmlS the clue execul:ion hereof this ~ day of [)oce,Ler, 1991.
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Rlcliarci W. ltxlre
(SEAL)
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Bonnie L. ltxlre
SWOrn ant subscribed to
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My Camlission Expires I
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lI'iYYiYI~~m/lhl"h'l J'l. IYVMIIIII/IIl/IKII\J
v,
IN THI COIJAT 01' COMMON PLIIAS
01' OUMBERLAND OOUNTY, PENNSYLVANIA
OIVIL ACTION - LAW
BII-04141- OIVIL TlfRM
PENNSYLVANIA S'Y'ATH BANK,
PlplnU"
RICHARD W, MOOAlIlfnd
BONNIE L, MOOAE,
Dellndont'
PARtiAL RELEASE OF JUDGMENT
WHEREAS, on August 26, 1996, lurJllmonl woe onterod In Iho amount or Four Hundred Fifty
Thousond ($450,000,001 Dollors In lovor 01 tho PENNSYLVANIA 6TATE BANK IQlllnsl RICHARD W,
MOORE ond BONNIE L, MOORE, In tho Court of Common Ploos 01 Cumberland County, Dookot No, 1996-
04747, pursuont 10 0 cortaln Guaranty, dotod Cor-ombor 20, 1991: ond
WHEREAS, Richard W, Moora Is 0 portnor 01 Ponnsylvenlo Proportlos, 0 Ponnsylvonlo genorol
pOrlnorshlp, which sold portnorehlp woe (ho ownor, et tho tlmo 01 entry 01 seld ludgmont, of two (2)
Improved tracts of rool eslote sltuoto in Hompdon Township, CumborlonrJ County, Pennsylvonlu, being
munlclpolly known ond numborod os 4806,4807 Trlndlo Rood, MochonlcsburQ (Hompdon Township).
Cumbarlond County, Pennsylvonlo, bolng moro pertlculorly boundod ond doocrlbod on Exhibit "A",
ullBched horoto end mode 0 port horllo': Bnd
WHEREAS, Rlchord W, Mooro ond 80nnlo L, Mooro hovo roqueslod, snd PonnsylvBnlo Stoto Bonk
hos agreed to releoso sold judgment ogolnol tho obove,doscrlbod property.
NOW. THEREFORe. Btlho Instonco ond roquoet 0' tho said Richerd W, Mooro ond Bonnie L, Mooro
Ilnd Pennsylvonio Properties, ond In oonsldorntlon 0' tho sum 01 Ono ($1,00) Dollor, tho rocolpt 01 which
Is horoby Bcknowledged, and Intondlng to bo logelly bound. Pennsylvonle State Bonk daBS lor IIBOII, Its
successore ond oulgno, COVBnant. promiso, ond ogroo with tho sold Rlchord W, Mooro and Bonnlo L,
Moore and Pennsylvonla Proportlos, tholr hoirs, successors and assigns, that II ond to tho extent thet sold
judgmenlls 0 lien against tho rool ostoto doscrlbod In Exhibit" A," that Ponnsylvanle Stoto Benk will nOI
... iWIJYYIJ,~)l)l)J~llhllhrlllh., 1111 1~~nl~lfWIII^)t/~l'tMO'
y,
IN THII OOURT OF OOMMON PLEAS
01' OUMDIIRLAND OOUNTY
OIVIL AOTlON . LAW
86.04747. OIVIL TEAM
Pl::NNSYLVANIA STATIl BANK,
PI,lntl"
RICHARD W, MOORIl,nd
DONNIE L, MOORII,
Ollend,nll
PARTIAL RELEASE OF JUDGMENT LIEN
WHERIIAS, on August 26, 1996, judglllant wos entarod In tha amount 01 Four Hundred Fllty
Thousond (0460,000,001 Dollars Inlavor 01 tho PENNSYLVANIA STAT!! BANK snd egalnsl RICHARD W,
MOORE and BONNIE L, MOORE, In Iho Court 01 Commo!) Pious of Cumborland County. Donkot No. 1996.
04747. pursuont to a cmtaln Guaranty, datad Dacambor 20,1991: and
WHEREAS, Rlohard W, Moore was a partnar 01 Pannaylvanla Proportloe, 0 Ponnsylvanlo gonorol
fjortnarshlp, which Bald partnership was ownor. ottila tlrna of ontry 01 sold judgrnont, of on Improvlld crOCI
01 rosl aststo sltualsln Hampden Township, Cumberlend County, Pennsylvanle, bolng municipally known
end numbared as 4076 Markot Streot, Camp Hili (Hampdon TowlIshlp). Cumberland Counly, Pennsylvanls,
being more portlculerly descrlbad on E~hlblt "A", attached heroto and mode a pert heroof: end
WHEREAS, sbova-dascrlbad judgmont presently operates ss alien on the obove-descrlbad property
01 Ponnsylvsnla Proportles; snd
NOW, THEREFORE, sttha Inetonca end roquast of the said Richard W, Moore and Bonnla L, Moore
end Pennsylvenle Propertloe. and In oonoldarellon of tho sum of Ona Pollar ($1.001, rocolpt of which Ie
heroby acknowledged. and Intending to be logally bound, Pennsylvania Stoto Bsnk doos for Itsoll, Its
successors and eulgns, covonetll, promise, and egreo with tho seld Richerd W, Mooro end Bonnlo L,
Mooro and Ponnsylvanla Properties, tholr holro, succouors and assigns, that Ponnsylvllnls Stota Bonk will
nOI attach or levy upon, soli or dlsposo 01, claim or demand tho sbovo.doscrlbod property, In or os 0 rosult
of the alJovo,dascrlbod judgmont, or assort or clolm IIny ostolo Ihoroln; and furthor roloBsoS tho lIan of SOld
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