HomeMy WebLinkAbout00-01995
$3,500.00
,/
March ~. 2000
PROMISSORY NOTE tLe>. (f7) _ ) 99 S' Cu;J I,V->-
FOR VALUE RECEIVED and intending to be legally bound, GARY L. STITZEL,
of 325 South Baltimore Avenue, Mt. Holly Springs, Cumberland County, Pennsylvania
17065, for himself, his heirs and assigns, (hereinafter "Obligor"), promise to pay to LISA
M. SHANNON, of Carlisle, Cumberland County, Pennsylvania, her heirs and assigns
(hereinafter "Obligee"), the sum of Thirty-five Hundred and no/100 ($3,500.00) Dollars,
lawful money of the United States of America, the same to be payable in monthly
installments of $58.33 on the.25- day of each month, beginning on April ~, 2000
and continuing on the .i12- day of each month thereafter, payments being applied all to
principal, until March Ji2..., 2005, at which time the remaining principal balance. The
Obligor may prepay in whole or in part any portion of the principal without penalty at any
time.
If the Obligor defaults in the payment of said monthly payments and fails to cure
such default after thirty days written notice to him, or if final payment is not made on or
before March 22, 2005, thereafter interest shall accrue at the rate of 8.00% per annum.
The Obligor further does hereby authorize and empower any attorney of any
court of record of Pennsylvania or elsewhere to appear for it and to enter judgment
against it for the then outstanding balance of this Note, with or without declaration,
together with costs of suit and reasonable attorney's fees, and with full release of errors.
Judgment hereunder may be confessed on executed or photostatic copies of this Note
as many times and in as many jurisdictions as is necessary to secure satisfaction of any
unpaid balance or balances, and the judgment or judgments confessed shall be without
stay of execution. Obligor specifically waives and releases any and all relief from any
and all appraisement, stay or exemption laws of any state whether currently in force or
hereinafter to be passed.
.,--
WITNESS the due execution hereof this J::.L. day of March, 2000.
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GARY . STITZEL
"Obligor"
325 South Baltimore Avenue
Mt. Holly Springs, PA 17065
(SEAL)
SWORN TO AND SUI}SCRIBED
FORE ME THIS IS
OF MARCH, 2000.
Notary Public
NOTARIAL SEAL
DAWN M. SHUGHART, Notary Public
Carlisle, Cumberland County
My Commission Expires Nov, 28, 2002
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DISCLOSURE STATEMENT
The undersigned, GARY L. STITZEL, having read this document in its entirety,
and fully understanding it, hereby states, admits, acknowledges and certifies the
following:
1. He has, this day, signed a Judgment Promissory Note in which it promises
to pay to LISA M. SHANNON, the sum of Thirty-five Hundred and no/100 ($3,500.00)
Dollars.
2. Said judgment note gives the entity who holds or owns the note the right
to file and enter judgment against me without any prior notice to me and without any
right of formal pleading, notice, or hearing before the entry of said judgment.
3. Such a judgment entered against me will automatically create a lien on all
real estate owned by me at that time, whether I own it now or acquire it later.
4. Such a judgment entered against me will entitle the entity who owns or
holds such a judgment to issue execution against my property which can result in the
Sheriff physically attaching or taking possession of said property and selling it at a
Sheriff's Sale.
5. That I will be compelled and required to hire an attorney to file formal
documents to open or strike such a judgment if I have a valid defense to the action
taken against me, and without those documents being filed, I will not have a right to a
hearing or trial on such judgment matter.
6. That I have an income, either myself or together with any other persons
who signed the note with me or guaranteed the same, which is at least $10,000.00 per
year.
~~
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GARY t. STITZ
(SEAL)
.---
March -1:;L, 2000
SWORN TO AND SUB~RIBED
I EFORE ME THIS /~
o Y OF MARCH, 200
,
NOTARIAL SEAL
DAWN M. SHUGHART, Notary Public
. Carlisle, Cumberland County
My Commission Expires ~9v. 28, 2002
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In the Court of Common Pleas of
Cumberland County, Pennsylvania
No.
t\ 6- \~G, S
Civil. 19
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