HomeMy WebLinkAbout00-02763
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19'19
JUIX;MEt1I' NOI'E
FOR VAllJE RECEIVED, arrl i.nt:errlirq to be legally boorxi, ENO'> f bsther]rubake....
the ''Maker'') pranises to pay to HOKE MIUS, INC. (the "Dealer"), or order at
its offices in AIi:JottstCM1, Pennsylvania, the SUIII of $ ~'if30. 5d-.. ,
together with interest thereon at the rate of ei!lht:sn percent {l&%)' per annum
fran the date hereof. pHeeo'\ IS-Qle)
Int:.erel;t shall be computed on the basis of a 360 day year and charged for
actual days elapsed. Any principal not paid when due (whether as originally
scheduled, by aoce1eration, Dy demard or otheJ:Wise), shall bear interest at
the rate pruvided above until paid. Interest shall not be charqa:l in excess
of that permitted by state or federal law.
Maker promises to pay the principal arrl interest CMning urxier this Note
as follows:
. [ ] In :i;H cx>nsecutive [~] Monthly [ ] Quarterly principal
installments of $ each, plus a final principal installment of
$ , commencing on , 19 arrl thereafter on the
like day of each , together with interest on the W'lpaid
principal balance at the annual rate irrlicated above, payable with each
installment of principal.
[')0 In :2 1. consecutive t><I Monthly [ j QJarterly installments of
principal and interest of $~ each, plus a final installment of
principal and interest of $ , CCI)UIlElIlCing on () d; ~ a ,
195jj.. arrl thereafter on the like day of each ~:t h .
Appropriate adjusbnent for payments received on days other than the days on
which the payments are scheduled will be made in the final installment.
[ ] Principal arrl interest payable on demarrl, with interest also payable
if no demarrl for payment is made.
[ ] In one principal payment due
interest payable at maturity arrl
maturity.
, 19_, with
prior to
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[ ] In aexxmlance with the following schedule
If the principal of this Note is payable in installments arrl any payment
of principal arrljor interest is not paid within 10 days after the date on
which such payment is due, Maker shall pay to the Dealer a late charge equal
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to the greater of $10.00 or 5\ <of the ancunt'of such late payment. If the
principal of this Note is not payable in installments arxi any payment of
. principal arrl/or interest is not paid within 10 days after the date on which
such pa~ is due, Maker shall pa}' to the Dealer a late charge ClOllpUted as
follows: . (1) if the original principal balance of this Note is $25,000.00 or.
less, the lLate ~will be $15.00; (2) if the original principal balance 0f
this Note is greater than $25,000.00 am equal to or less than $50,000.00, the
late charge Will be $25.00; am (3) if the original principal balance of this
Note exceeds $50,000.00, the late charge will be $50.00. A late charge in the
same aIOCJUJ1t shall be :irrp:>sed at the conclusion of each successive 30-day
period dur:in;J which any payment remains delinquent.
'lhe Maker shall have the right to prepay without penalty at any time any
principcU payment, including the entire principal balance remaining, plus
interest due thereon, provided, however, that prepayment of principal shall be
awlied against the JroSt remote installment of principal then due under the
t:enns of this Judgment Note.
When a default occurs, the bealer, at its option, may declare the entire
balance of principal arxi interest of this note :immediately due and payable
without notice to or demand on any of the urrl,ep;igned.
'lhe undersigned hereby waives presenbnent for payment, demand, notice of
nonpayment, notice of protest arxi protest of this note, arxi all other notices
in connection with the delivery, acx::eptance, perfonnance, default or
enforcenwant of the payment of this note, 'lbe failure by the Dealer to
exercise any right or remedy shall not be taken to waive the exercise of the
same thereafter for the same or any subsequent default. All notices to any of
the parties shall be adequately given if mailed postage prepaid to the
addresses awear:in;J in the Dealer's records. 'lhe undersigned intends this
note to be a sealed instnnnent. arrl to be 1agall Y bourxl hereby. All issues
aris:in;J hereunder shall be governed by the laws of Pennsylvania.
If the undersigned are l1'Ore than one party, they shall be liable
hereunder Jointly and severally: and all remedies may be exercised against
. thent jointly, as to all or any of them, or severally, 'lbe undersigned shall
pay to the Bank upon demand all costs arrl expenses, inc1ud:in;J I5\o! any and
all aIOCJUnts unpaid on this note as attorney's fees, which may be ircurred by
the Bank in the enforcement upon default of this note.
'lhe undersigned (and each of them, if IOOre than one), hereby irrevocably
authorizes the Prothonotary or any attorney of any court of record in
Pennsylvania or elsewhere to appear for arrl confess judgment against the
undersigned (and each of them, jointly and severally, if l1'Ore than one) for
any arrl all amounts unpaid on this note, including interest thereon to date of
payment, together with fees of counsel in the amount of fifteen percent (15%)
of the foregoing arrl costs of suit, releasing all errors and waiving all
rights of appeal. If a copy of this note, verified by affidavit, shall have
been filed in such proceeding, it shall not be necessary to file the original
as a warrnnt of attorney. 'lbe undersigned (arrl each of them, if more than
one) hereby waive the right to any stay of execution arrl the benefit of all
exenqJtion laws now or here.after in effect. No single exercise of this warrnnt
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an:l power to confess judgment shall be deenMilcl to exhaust this power whether or
not any SU<:h exercise shall be held by any oourt to be invalid, voidable or
'VOid, bIt this power shall continue un:liminished am may be exercised from
time ,to t~ as often.as the Dealer shall elect,.until all sums due bID3Under
. , shall have. been Paid 1n full.
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