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Home My WebLink About00-02129 . KEYSTONE FINANCIAL BANK N.A. Plaintiff IN THE COURT OF COMMON PLEAS COUNTY OF CUMBERLAND COMMONWEALTH OF PENNSYLVANIA VS. VELVET GARDENS, INC. Defendant CIVIL ACTION LAW CIVIL TERM 2000 . .:l1.2 '1 G;J I ~ CONFESSION OF JUDGMENT Pursuant to the Warrant of Attorney contained in the aforementioned Promissory Note, the original or copy of which is attached to the Complaint filed in this action, I appear for the Plaintiff and confess judgment in favor of Plaintiff and against the Defendant, Velvet Gardens, Inc., as follows: Principal Amount due to date: $14,226.23 Interest Accrued and unpaid through January 16,2000 $ 322.89 Late Charges $ 178.01 Attorney's Fee's Pursuant to the terms of the Note $ 1,472.71 TOTAL $ 16,199.84 with interest from April 6, 2000, on the outstanding balance of $16,199.84 at the rate of 10.00 % per annum. Respectfully submitted, Dated: 'f 7.--otJ Duncan & Hartman, P.C. By'~&7~ Wiltram 1\. uncan, Esquire PA ID # 22080 Attorney for Plaintiff " ".., '. 1'" . 1"7' Wl.1it~!%1l'Il"_"""",,_~~ ~ ~". ",. ~_ M.'~ _ < "' ~,_ ~"A l!!IfJlV't~~;!!"""~"_~_"..".".,,," ~ UIli!l!l'!'l!lIlftl'I'f!'I!Wl'~>:e~-;"'~'''''9;''''~'' ';~' Cl S -<' -cJ [.f:. mrT', ili~ -- ., ~E; ::!c";Cj 5~ :=:1 -< . r-) Z::~) 1:.1 ~'" ~"n ::u ~-,.." -':~I r:,;) :J1 ."" ";:'''O'''''='-'''''_~~~'''''''lj!-'2!1'"'iR;;;:,'T~:''''''"F'''l)1m;l~~RJ_j~~~'ll''': KEYSTONE FINANCIAL BANK N.A. Plaintiff IN THE COURT OF COMMON PLEAS COUNTY OF CUMBERLAND COMMONWEALTH OF PENNSYLVANIA VS. CIVll, ACTION LAW VELVET GARDENS, INC. Defendant fJ --, T~ CIVll, TERM 2000 -..2/,J-q LA.u<--C COMPLAINT FOR JUDGMENT BY CONFESSION PURSUANT TO PENNSYLVANIA RULES OF CIVIL PROCEDURE 2951, ET SEQ. Plaintiff, Keystone Financial Bank, N.A., by its attorney, William A. Duncan, files this Complaint in Confession of Judgment. 1. Plaintiff, Keystone Financial Bank, N.A., is a Pennsylvania banking Corporation existing under the laws ofthe Commonwealth of Pennsylvania, with its principal place of business located at 1415 Ritner Highway, Carlisle, Cumberland County, Pennsylvania. 2. Defendant is Velvet Gardens, Inc., with a last known address of 783 Longs Gap Road, Carlisle, Cumberland County, Pennsylvania 17013. 3. On or about September 16, 1998, Defendant Velvet Gardens, Inc., by its President, Joanna Brown, entered into a Promissory Note in favor of Plaintiff, Keystone Financial Bank, N.A., in the original principal amount of Twenty Thousand and 00/100 ($20,000.00) Dollars. A true and correct copy of the Note, which contains the Warrant of Attoruey upon which this judgment is confessed, is attached hereto as Exhibit "A" and is a part herrof. 4. Defendant Velvet Gardens, Inc., has defaulted in this obligation under the Note by failing to make its February 2000 and March 2000, payments of principal and interest due thereunder the terms of the said Note. 5. Pursuant to the Note, judgment may be entered against Defendant Velvet Gardens, Inc., for all monies due without notice or demand. 6. Pursuant to the Note, and by reason of Defendant Velvet Gardens, Inc., 's default, the following amounts are currently due and owing Plaintiff Keystone Financial Bank, N.A., by Velvet Gardens, Inc., Defendant. '~F""""'I~ r . H Principal Amount due to date: $14,226.23 Interest Accrued and unpaid through January 16, 2000 $ 322.89 Late Charges $ 178.01 Attorney's Fee's Pursuant to the terms of the Note $ 1,472.71 TOTAL $ 16,199.84 Interest accrues at a rate of $3.95 for each day after April 6, 2000 that this indebtedness remains unpaid. In an event of a petition to strike or open this judgment is fded. PlaintitTKeystone Financial Bank N.A., reserves the right to have interest and attorney's fees brought current. 7. There has been no assignment of the Note. 8. Judgment has not been entered on the Note in any other jurisdiction. 9. Pursuant to the Note, $ 16,199.84 is currently due and owing Plaintiff Keystone Financial Bank, N. A. from Defendant Velvet Gardens, Inc., and Defendant Velvet Gardens, Inc., has failed to pay the amount due. WHEREFORE, PlaintitT Keystone Financial Bank, N.A. request that judgment be entered in its favor and against Defendant Velvet Gardens, Inc., in the sum of $16,199.84 and all costs of suit. Duncan & Hartman, P.C. DATED: 4f r { r DO By: i A. Duncan, Esquire Attorney for PlaintitT !-.'i'l'l! ......, ~ ~" ,,", VERIFICATION I, Jack V. Hutchison, hereby verify that I am a Sr. Vice President of Keystone Financial Bank, NA, that I make this verification being authorized to do so, and the facts set forth in the foregoing Complaint are true and correct to the best of my knowledge. I understand that false statements herein are made subject to the penalties of 18 Pal C.S. Section 4904 relating to unsworn falsification to authorities. ck V. utchison Sr. Vice President Keystone Financial Bank, N.A. CERTIFICATION OF COMMERCIAL TRANSACTION I, Jack V. Hutchison, hereby verify that I am an Asst. Vice President of Financial Trust Company, and, as such, duly authorized representative of Financial Trust Corporation deposes and says subject to the penalties of 18 Pal C.S. Section 4904 relating to unsworn falsification to authorities that the underlying transaction relative to this Complaint in Confession of Judgment is a commercial transaction to the best of his knowledge, information and el' f "'-J.., i-I" 1-. - 241-0060 FINANCIAL TRUST 306 P02 APR 06 '00 12:41 PROMISSORY NOTE Borrower: VelVet G-.lnc. 783 Longs Gap RoacI c.l1eI... PA 1'J013 Lender: F1nancilII Tr1lSI Company NOItII MIdd_n omce 111&8 SprlnllRaad CarlIsle. PA 111113 Principal Amount: $20,000.00 Interest Rate: 10.000% Date of Note: September 16. 1998 PROMISE TO PAY. VelVeI GanlenlS, Inc:. f'llcnrIlWer") prom_to PIIY fa FillllllCl8l TI'UIII Company (......der" (W order. In Iawf\IIIlIQII8J of l/Ie Unil8d _ Of America. \he prll\dpalllllOl/llt Of TwenlY TIIOUIlIIId It GCII1aa 00__ ($:2O,oao.oo), lOQca.... wi\II i"",rest alllle l'aleoll0.ClOll'llo per annum on the unpaid prinGilJl'lllalonte _ SepleJnblr 16. 1!198, unnl pald In fUll. PAVl'ttENT. fIortowar wiD pav lllle loan in 47 pay_ of ....52 IlIII;b pIlYmeill and III .....18r _ payment asIiJnaIed at $508.71. llomlwer'" "I'sI llfIfIIIeIIt i5 d.... 0dillIer 16. 1.... and 8IIllUDS/ll1uenl plIYIlMlnls... dUlillln Ole same day 01_ rllClnlll aIIet mal. 8omlwer's lInIl JlIVlIIllI\t WIll lie due on September 16, 2002, /Ind WIll be lor all pddClpal andlll8l:Cnled _110I yel paid. PlIym_.;nclude prIlIdpaI andillleresl. TIle annual inten=;l rate for lhis Nota is oomputed on a 3661360 basis; jhal is, by applyil1G Iha ",tio of lhe annualinferelll ~.0II8t a year ot 360 de,., multiplied by the oUl51Bndlngprincipal bBlance. mullipfled by tha actual numbBr of dayS Ine principal baIan.C8 is ~utshlnding. Borrower will pay Lander .. L.ender'S addra$S shown abOVe or at suoll 0111. plal:e as LenOel trrily ~nala in Wliling. Unless otherwise agrsod or required by applicabJa IlIw, payments will be applied ftrslto aoorued unpaid i_.1I1Bn lD principal, and any "'maining amount 10 any unpaJd oollsclion costs ..d Iala CI1arlles. PRePAYMEtfT. BDIlllWar may pay wilhoUl plIMlty all or a por1lon of tne amount QW8lI eartillr lhan Ills due. Eady pa~ will nOI, unless agreed to by lendllr in wtIIIng. relilMl Borrower 01 Borrower's obligation 10 continue 10 _ payments under lhe payment schedule. Rathar. they Will reduce the principal balance due and /illY resu~ in Banower making f8war payments. LATE CHARGE. n a payment is 15 alY5 or more 1lIIe, Borrower Will be ollarged ~ Of 1Ile reguttrly scIt_ulod payment DEFAULT. lIarrowef will be in tlaIault K any 01 tile following happens: (al llotTa_ fails to make lIl1Y payment whan due. (bl BOIT""",r breal<S a~y promise BorrD1N8l' has ntade 10 Lander, or Borrower fails 10 oomply with or to perform when due any oII1er teton. obligation. covenant. or condition conlwnod In 1Ili$ Nola or any agtee!'/lG/lt relalad to Illis Note, Of In ..yother llgJ8fII1InI or roan BOt\'o_ lias wilh Lender. (0) Any representation or slalamenl mede 01 fumlsl1ed to lender by Botrower or on Borruwer's b.ehaII is.1a/$lI DI misll!odil19 In e~y material respect either now or at tne time made or fumisllad. (d) Borrower becomes insOI1IenL a recell!Br is appointed lor any ~art of BQmlWel's property. Botrower makes an asSignment/ot the benefil 01 aedilorS. or any proceeding is oommenoed either by Borrower Of ageJnsI.BonOW8r under lIl1Y bankruptcy or Insolvency laws. (e) Any c",crtor tries to take any of Borrower's propel1y on 01 in whi~ lender has a IiIlnor :securltyinllmlsl. This include$ a garnisnment of any ot BorrOWB~s accounts with ""niler. (I) Any guarantor cIies or errv 0/ tha.other events dasaJbed in thIS default sectiDn occurs wiln respect 10 a~y guarantor of tnis Note. (g) A material acMlfSe oItange oc:curs in Borrower's financi<ll condtion, or lender believes lhe prospect of payment or pe1Iormanoa of tha I~debtedness is impaired. (h) lenclar in good IaIIh deems itseIIlnsecUfB. LI:NIlEll'$ RIGHTS. Upon default. Lender may. "liar glvings""" nollces as requifQd by applicable law. declare the entire unpaid principal balanoe on this Nota and all accrued unpBid intarest immodlalaly llue. and then Borrower Will PWf thal.amounl lender may hire 01 pay $Omaqne else to help cDllect this Nola if BO<<OWar does not pay. BDn'O\IIIt also will pay lender lRel amount This includes. subjecllo any Umits undar applicable law, La~der" olIilrneys' lees and Landar's legal expenses ""'e1har or not there is a laWSuit. Including attomoys' !&as and legal exransas lor bankrupk:y proceedings (including _ to modify Dr vacate any automatic slay or injunctiDn). app_. ana any anticipalBd post-judgmen ooIlac1ion services. If not prohibited by applicable law. Borrower also wiD pay lIl1Y coun oosts, in addilicn to all olner sums prOllidsd by law. n judgmeRl Is entered in connllGliOn w~h this Nole. in1enl51 will continue 10 accrua on IRis Note after JUdgment at \IIe_ng Interest rata provided for in this Nota. Thls Mole hIlS been aeUVB" to lendel' ...a lIOCIOJIl8d by Lendel' In Ute ComIl\Oll1lHlBlIh Of Pen~lVanla. 1I1t1_ Is a lawsuit, Borrowet agrees upon lender.. reques1 to submit 10 me JUrlocIlction of Ibe CCll/rla 01 _ CounlY. lIIe cantmonweallll 01 PennsylvllllilL This Note Shall be goVerned llY and coRSlruea in BI:COlIlanc:e with tile laws of 1Ile Conunonwalllth of PennsylVlInIa. RIGHT OF SETOFF. Borrower grants to Lender a oonlradual SllCllIily inleteslln. and hilfllby assigns, COnlleyS, delivers. pledges, and bansfers to Len"'" all BorrowOJ's right. Bile and interest in anC! to. _... ''''''unts wilh ""ndel' (~hether _ng. ""'"f1!lS, or some olhar """"unt), including without limitation all llCCO.unls held joinUy with someone else. and all accounts Borrowar may open in lIie fulure. exclucling no_r all IRA and KBngh accounls. and alltru.! accounts for wI1ich the grant 01 . Soouttly Inlerest would baprohibited Ily law. Borrower aulh_ L.enller, 10 tile nnl permitted by applicallle law, to QI1l\rge or setoff all SUR1$ owing on this Note oQaInsl errv"d all SVr;h accounts. GENERAL PROVISIONS. lender may delay or forgo enlDldng any of ils rights or ramodies' under this Nola wilhoullosing them. Scrrower and a~y other Plll$Ol1 whl! signs, guaram- or end_this Nota. 10 the .....nl_ by law. waive pl'll'l8f1hrient. demand lor pay~on~ protest and notice of disnonor. Upon any change In IIle Iatms Df lhis Nota. and unleSS othlllWiSIJ "",,11ISSIy stated i~ writing, no party wIto signs thiS Note, wl1elhar as makar, guarantor, aooommodation maker Dr endorser, shall be reillllOlldlJOm llabillly. All suoll parties agree lnat Lender may renew or extend (1'eJlllltedlyand for any lenglh 01 tinte) this loan. or -lIl1Y party or guarantor or coIlBleral; or impa~. IaillD rearlZlO upon Or perfecl Lendar's security intemsl in ,ne collsleral; and take any olhet don daamod """""""'Y Ily Lender wilhout the consent 01 Of notice 10 anyone. All .ucn pantes alSO agree llIal Lend", may mDclify tills loan wiItIout 1I1B consent of or notice 10 _ olller than the pady with whDm the mOdifICation is madll. II any portion of Inis Note is lor any ",...an deIa1lnineclto be unenfORlellblo. ft will not alfecllhe anton:eeIlIIIty 01 any 0Iher provisiDlB of II1iS Nate. CONFEBSlDN OF JUPGMENT. BORROWER HERESY IRREVOCAIll Y AUTl-lORIZES AND EMFOWI!RS ANY ATTORNEY OR THE PROTJotONOTARY OR Cl.I!RK OF ANY COURT IN THE COMMONWEAlTH OF PENNS\'lVANIA, OR El.SEW~E. TO APPEAR AT ANi nME FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE. AND WITH OR wmlOUT COMI'lAINT FIlED, AS OF ANi TERM. CONFESS OR ENreR JUDGMENT I\GAINST BORROwER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE, AU. ACCRUED INTEREST, LATE CHARGES,AND ANY AND AU. AMOUNTS EOO'ENDED OR ADVANCED BY LENDER RELATING TO A1N COLLATERAl. SECURING. THIS Non; TOGmER WITH INTEREST ON SUCH AMOUNTS, TOGET11ER WITH COSTS OF SUrT, AIIID AN ATrORNEY'S COMMISSION OF TEN PERCENT (10'110) OF THE UNPAID PRINCIPAl. BAlANCE AND ACCRUED INTEREST FOR COUEcnON. BUT IN A1N EVENT NOT LESS THAN FIVE; HUNDRED DOLLARS (1150O) ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXEC1JnONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING. THIS NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHAlL BE SUFFICIENT WARRANT. THE AUTHORIlV .GRANTED IN THIS Non; TO CONFESS JUDGMENT AGAINST BORROWER SHALl NOT BE EXHAUSTED BY A1N EXERCISE OF THAT AUTHORIlV. BtJl' SHALL CONTINUI; FROM nME TO TIME AND AT AU. TIMES UNTIL PAYMENT IN FUll OF AU. AMOUNTS DUE UNDER THIS NOlE. BOR~WER HEREBY WAIVES Ar-rf RIGHT BORROWI;R MAY HAVE TO NOnCE OR TO A HEARING IN CONNEcnON WITH ANY SUCH CONFESSION OF JUDGMENT, exCEPT M'IV NOTICE AND/OR HEARING REQUIRED UNDER APPL.ICABLE LAW WITH ReSPEct TO exeCUTION OF THE JIJDGMENT, AND STAttS THAT EITHER A REPRESENTATIVE OF LENDER SPECIFiCAllY CAlleD THIS CONFESSION Or JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROweR HAS BEEN REPRESENTED BY INDEPENOENT leGAL COUNSEL. THE liEN ARISING FROM ANY JUDGMENT CONFESSED OR '.~'iI"fJ "''O!I:14~.., - -~~-- "''''- -, 'I_T " I\I!~~ 241-0060 FlNANCIRL TRUST 306 P03 RPR 06 '00 12:42 I 09-16-1998 PROMISSORY NOTE (Continued) ENreRED PURsUANT TO THE FOREGOING Al1THORnY SHAL~ NOT EXTEND TO AI>N OF BORROWER'S RESIDENTIAl. REAL PROPEmV AS THA.T ~ IS DEFlNED IN:mE PENNSYLVANIA.;.r;;r OF IN>IUMr( 30, 1974 (P.... LAWS 13. NO.8), REFERRED TO AS THE ~OAN INTEREST AND PROTECTION LAW,.AS IlMENDED, AND THE 1l000ER OF A.I>N JUDGUENT CONA:SSED OR ENTEREOPURSlJANT TO THE FORGOING AUTHOIVTY SHALl NOT. IN ENFOR<:EMENr OF IWY SUCH JUDGMENT, EXECUTE, lEVY OR OTHEFiWlse PROCEED AGAIN8r, ANV SUCH RESlDENTl,t,l. REAL PROPeRTV;PROVlDEO, HOWEVER. THAT THE LIEN OF SUCH JUDGMENT SHALl ElCTEND TO SUCH RESIDENTIAL RE,t,l. PROPEIllY AND THAT THE HOlQER THEREOF !iHALl BE PERMITTEO TO ElCEaITC, LE.VV OR PROCEED AGAINST' SUCH RESID~NTlAL REAL PROPEFlTY FROM AND AFTER THE ENTRV OF A JUDGMENT AS CONTEMPlATED BY SECTION 407 OF SUCH ~OAN INTEREST AND' PROlECrlON LAW AND RU~es 2981 TO 2988 OF,THE PENNSYLVANIA RlA.ES OF CIVIL PROCEPURE, OR SUcceSSOR OR SIMILAIl STATUl1:S AND RULES. NO LIMITATION OF LIEN OR AN'( l;>ISClJTION, l.E\IV OR OTHER ENFORCEMENT CONTAINED IN THE IMMEDIATE1.Y PRECEDING SENTENCE SHAL~ APf'l V WITH RESPECT TO ANY JUllGlIIENT OBTAINED OTHER THAN BY THE FOREGOING AUTHORITY TO CONFESS OR ENTER JUDGMENT. . PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE. IlORROWER AGReeS 1'0 THE TERMS OF TIE NOTE AND ACKNOWLeDGES RECEIPT OF A COMPl.E1'a) COI'Y OF THE NOTE. Page 2 THIS NOTE HAS Ill!l!N SIGNED AND SEALED BY THe UNOER5IGIIED. BORfl(lWS, Vel~~ii: By:~~,:;'W;;,;gi};;;';:::;'.1 LASeR PRO. Reg. U.S. Pal." T,M. 011., "41. U8(CJ 1_ t;F1 PraSar'V1CK, lnc. AU tiQI'UuaaarveCl.I"A-OaoO Ve~VET.LN G24.OVL) FiXed Ra18. Inltal,",el'lt. "'7"'~'~; " . :-1 () 31,S ;':r G-) ~/E:~:' 5€[3 7- $! ~'J .;;;- $';) ~_J ,~ -, -'-1 ,":'"1> "i) ~-'J ,--e:- -J --"-0' , " (:J I',J', ,sjql ~--f -"" :.1..) -" -" ':'-;; ",_IIlIl!ll~;I(ff~~!!_!!l~~~W'f:~'il':~I"1-'!W~l~;P;<F"""'i~:,rylffll''1,,,"~;111('i1Wllf':;:!i!F""",q'.P':-"'iH"''7il'''':i!'~~~S-?l"'!,!l(>o",,i'''''''''''~-''''':ji,,"""CF1r"%""',"-""'I:,,,,,%,;)!"-'ri";''''i'I,,_,PR''''''''If!''ff'''''''R!'1'f'':'lfFf'i'!!'~1l~' , ' . ~ KEYSTONE FINANCIAL BANK N.A. Plaintiff IN THE COURT OF COMMON PLEAS COUNTY OF CUMBERLAND COMMONWEALTH OF PENNSYLVANIA VS. CIVIL ACTION LAW VELVET GARDENS, INC. Defendant CIVIL TERM 2000 ENTRY OF APPEARANCE TO THE PROTHONOTARY: Please enter our appearance on behalf of Plaintiff, Keystone Financial Bank, N. A. and enter judgment for Plaintiff and against Defendant Velvet Gardens, Inc., for damages. Duncan & Hartman, P.C. DATED: LJ~1-Q) BY'/~ (/ iam A. Duncan, Esquire Attorney for Plaintiff ~!IIIlI'l'1 : ! " '1 '~=I"""'"'f" ~ . , II r~ I 'I 'I 'I [1 t / ~ ~ ~ " " '" D ';-'~~~l!'I~'l1'~r""!'t"'~.m~""~"""~"~~~:\)Ii'~it"f"'~~~jR1!!!fI!"l!l'Nm'f~~':i'i""""'='-"-'F"~' t t "'l;. \ -.,\ , Ci' c: (-, ~2 ~::i'_' rnr-,-: Z'~ /-. ~~~ >- ~C.i o. z>~ Pc:: ~ ~;":':" ~~'''; ::,;" -,(:} -::-C, ~<i~~ sj :0 ,-< ':n ...- ~ ~ j '- ~: .. V" ~\ ,.0 C' ~ C< a ~ r- '1'!IIi'",r~,~"-,,-,:,,,,-c"'- "~1'''',1,.,,,r;'''"'''''''iiTlF''''';1'''''1'''1'"' 'p'""~:" ~~';~1'IIfffi~,,~IJ!lNlli5fi'l!Rii KEYSTONE FINANCIAL BANK, N.A.- : IN THE COURT OF COMM:ON PLEAS OF PLAINTIFF : CUMBERLAND COUNTY, PENNSYL VANIA vs. : CIVIL NO. 2000-2129 VELVET GARDENS, INC. : CIVIL ACTION LAW ----------------------------------------------------- ------------------------------------------------------- PLEASE MARK THE ABOVE CAPTIONED ACTION SETTLED AND DISCONTINUED. To:--CURT LONG--Prothonotary MAY \'\ ,2000 Attorney for Plaintiff William A Duncan, Esquire '_I :: - I"-'-~.- .- il'"- o ,- }J~t l(jq~ If ~"" ."",:>(--... 'E (~j (--- .~ '-~ .-< C) C:o -:;.". "",,,, :c", ~c C) -r; -. QJ :.v C'i \''''''''''''''';'''''" ~ UlUr "' .,~~jlf'!\j~~~~1. "M'i~B5.~~~q..!Jlll~,~_~ ~JfiI,~_ .~'n~! III