HomeMy WebLinkAbout97-01665
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CORESTATES BANK, N.A., Successor
by merger to MERIDIAN BANK,
Plaintiff
IN THE COURT OF COMMON PLEAS
OF CUMBERLAND COUNTY,
PENNSYLVANIA
CIVIL ACTION - LAW
.
.
.
.
vs.
.
.
.
.
KENNETH A. WALKER and
SHELLEY E. WALKER,
No. 97-1665/civil Term
.
.
Defendants
PRAECIPE FOR SATISFACTION OF JUDGMENT
AS TO DEFENDANT SHELLEY E. WALKER ONLY
TO THB PROTHONOTARY I
CORESTATES BANK, N.A., Successor by merger to Meridian Bank,
Plaintiff herein, by and through its attorneys, David M. McCanney,
Esq., and Stevens & Lee, hereby agrees that the judgment heretofore
entered in the Court of Common Pleas of Cumberland county,
Pennsylvania, against KENNETH A. WALKER and SHELLEY E. WALKER,
Defendants, on April 1, 1997, to No. 97-1665/civil Term, in the
original principal amount of $339,617.02, shall be satisfied,
discontinued and ended AS TO DEFENDANT SHELLEY E. WALKER ONLY, and
hereby requests that the judgment docket be so marked. Costs paid by
Plaintiff.
STEVENS & LEE
Dated: February 19, 1998
M. McCanney, sq.
Atty. I.D. #71965
111 North Sixth Street
P.O. Box 679
Reading, PA 19603
Attorneys for Plaintiff,
CORESTATES BANK, N.A.,
successor by merger to
Meridian Bank
CORESTATES BANK, N.A.,
successor by merger to Meridian
Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
Plaintiff
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KENNETH A. WALKER AND
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
COMPLAINT FOR CONFESSION OF JUDGMENT
Plaintiff CoreStates Bank, N.A., successor by merger to
Meridian Bank, confesses judgment against defendants Kenneth A.
Walker and Shelley E. Walker, jointly and severally, in the
amount of $339,617.02, plus accruing interest on the unpaid
principal balance, plus all costs and expenses incurred by
plaintiff in collecting such amount, and any other monies that
may become due and payable, as provided for in those certain
surety agreement, and alleges the following in support thereof:
1. Plaintiff Corestates Bank, N.A. ("CoreStates") is
a national banking association with offices located at 600 Penn
Street, Reading, Pennsylvania 19603.
2. Defendant Kenneth A. Walker ("Mr. Walker") is an
adult individual with a last known address of 27 Hickory town
Road, Carlisle, Pennsylvania 17013. Defendant Shelley E. Walker
("Ms. Walker") is an adult individual with a last known address
of 133 Stanford Court, Mechanicsburg, Pennsylvania. Mr. Walker
RDO!J""/012JO.658
1
and Ms. Walker shall be collectively referred to herein as the
"Defendants."
COUNT I
3. Paragraphs 1 and 2 above are incorporated herein
by reference.
4. On or about February 18, 1993 CoreStates made
available to K.A. Walker, Inc. (the "Company") a line of credit
in the maximum principal sum of Twenty-Five Thousand Dollars
($25,000) (as amended, the "First Loan"), The amount of the
First Loan was subsequently amended on June 23, 1994 to increase
the maximum principal amount to One Hundred Eighty- Five 'rhousand
Dollars ($185,000). The First Loan was further amended on
October 12, 1994 to increase the maximum principal amount to Two
Hundred Thirty-Five Thousand Dollars ($235,000),
5. To evidence its obligation to repay the First
Loan, the Company executed and delivered to CoreStates a
promissory note for the First Loan, wherein the Company promised
to pay CoreStates the principal amount of Twenty-Five Thousand
Dollars ($25,000.00) together with interest at the rate set forth
therein (as amended, the "First Note"). The First Note was
subsequently amended on June 23, 1994 to increase the maximum
principal amount to One Hundred Eighty-Five Thousand Dollars
($185,000). The First Note was further amended on October 12,
1994 to increase the maximum principal amount to Two Hundred
Thirty-Five Thousand Dollars ($235,000). A true and correct copy
RDO/39"'/012JO.658
2
of the First Note is attached hereto, marked Exhibit "A," and
incorporated herein by reference.
6. The First Note provides that interest will accrue
on the principal sums advanced at a floating per annum rate equal
to CoreStates' National Commercial Rate plus one and one-half
percent (1.5%).
7. As consideration and inducement for CoreStates to
make the First Loan available to the Company, the Defendants
executed and delivered to CoreStates their Surety Agreement dated
October 12, 1994 (the "First Surety Agreement") whereby the
Defendants unconditionally and irrevocably guaranteed to
CoreStates all amounts due to CoreStates from the Company to a
maximum of $235,000. A true and correct copy of the First Surety
Agreement is attached hereto, marked Exhibit "B" and incorporated
herein by reference.
8. An event of default has occurred under the First
Note and the First Surety Agreement due to nonpayment.
9. As of March 20, 1997, the outstanding principal
balance of the First Surety Agreement was $199,500.00, together
with accrued and unpaid interest in the amount of $2,269.31,
which totals $201,769.31, plus accruing interest at the floating
per annum rate equal to CoreStates National Commercial Rate plus
one and one-half percent (1.5%), plus all costs and expenses
incurred by CoreStates in collecting such amount and any other
RDajJ""/012JO.6sa
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monies that may become due and payable under the First Surety
Agreement (collectively, the "First Debt") .
10. The First Surety Agreement contains a warrant of
attorney that authorizes CoreStates to appear on behalf of the
Defendants at any time and to confess judgment against the
Defendants for the entire First Debt.
11. Pursuant to the terms of the First Surety
Agreement, the amount due CoreStates as of March 20, 1997 is
$201,769.31 itemized as follows:
Unpaid Principal
Accrued, Unpaid Interest
$199,500.00
$ 2,269.31
Total
$201.769.31
Plus accruing interest on the unpaid principal balance after
March 20, 1997, plus all costs and expenses incurred by
CoreStates in connection with collecting such amount, including,
but not limited to, reasonable attorneys' fees.
12. The First Surety Agreement has not been assigned
nor has judgment been entered upon the First Surety Agreement in
this or any other jurisdiction.
13. The judgment to be entered herein is not being
entered against natural persons in connection with a consumer
credit transaction.
WHEREFORE, plaintiff CoreStates Bank, N.A. prays this
Court to enter judgment against the defendants Kenneth A. Walker
and Shelley E. Walker the amount of $201,769.31 plus accruing
RDO/J"'7/01~]O.658
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interest after March 20, 1997 on the unpaid principal balance at
the per diem rate of $54.03 until judgment is entered and
thereafter at the statutory rate of six percent (6.0t) on the
entire judgment amount until full payment is made, plus all costs
and expenses incurred by CoreStates in collecting such amount,
including, but not limited to, reasonable attorneys' fees.
COUNT II
14. Paragraphs 3 through 13 are incorporated herein by
reference.
15. On or about July 13, 1995 CoreStates loaned to the
Company the principal sum of One Hundred Fifty Thousand Dollars
($150,000.00) (the "Second Loan").
16. To evidence its obligation to repay the Second
Loan, the Company executed and delivered to CoreStates a
promissory note for the Second Loan, wherein the Defendant
promised to pay CoreStates the principal amount of One Hundred
Fifty Thousand Dollars ($150,000.00) together with interest at
the rate set forth therein (the "Second Note"), A true and
correct copy of the Second Note is attached hereto, marked
Exhibit "C," and incorporated herein by reference.
17. The Second Note provides that interest will accrue
on the principal sums advanced, at a fixed per annum rate of nine
and one-half percent (9.50t).
18. As consideration and inducement for CoreStates to
make the Second Loan available to the Company, the Defendants
RDO/J"'7/012l0.6S1
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executed and delivered to CoreStates their surety Agreement dated
July 13, 1995 (the "Second Surety Agreement") whereby the
Defendants unconditionally and irrevocably guaranteed to
CoreStates all amounts due to CoreStates from the Company to a
maximum of $150,000. A true and correct copy of the Second
Surety Agreement is attached hereto, marked Exhibit "0," and
incorporated herein by reference.
19. An event of default has occurred under the Second
Note and the Second Surety Agreement due to nonpayment.
20. As of March 20, 1997, the outstanding principal
balance of the Second Surety Agreement was $135,242.19, together
with accrued and unpaid interest in the amount of $2,605.52,
which totals $137,847.71, plus accruing interest at the fixed per
annum rate of nine and one-half percent (9.50%), plus all costs
and expenses incurred by CoreStates in collecting such amount and
any other monies that may become due and payable under the Second
Surety Agreement (collectively, the "Second Debt").
21. The Second Surety Agreement contains a warrant of
attorney that authorizes CoreStates to appear on behalf of the
Defendants at any time and to confess judgment against the
Defendants for the entire Second Debt.
RDO/)9"7/01~JO.,S'
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VERIFICATION
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I, Douglas R. Good, verify that I am a Vice President
of plaintiff, CORESTATES BANK, N.A. and that I am authorized in
that capacity to take this Verification on its behalf. I verify
that I am familiar with the regularly kept business records of
plaintiff, that the facts set forth in the within Complaint are
true and correct to the best of my knowledge, information and
belief, although the language of the Complaint is that of counsel
and not of my own. To the extent that the contents of the
attached Complaint have been supplied by counsel, I rely upon
counsel in taking this Verification. I understand that the
statements herein are subject to the penalties of 18 Pa. C.S.A.
~4904 relating to unsworn falsification to authorities.
C
Vice
RDO/3""/012JO.'SI
CORESTATES BANK, N.A.,
successor by merger to Meridian
Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
plaintiff
vs.
KENNETH A. WALKER AND
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
ENTRY OF JUDGMENT
AND NOW, this ____ day of March, 1997, judgment is
hereby entered in favor of plaintiff, CoreStates Bank, N.A. and
against defendants Kenneth A. Walker and Shelley E. Walker,
jointly and severally in the amount of $339,617.02 as of
March 20, 1997, plus accruing interest on the unpaid principal
balance, plus all costs and expenses incurred by plaintiff in
connection with collecting such amount.
Prothonotary
ROO/]"'7/01~JO.65'
CORESTATES BANK, N.A.,
successor by merger to Meridian
Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION . LAW
Plaintiff
vs.
KENNETH A. WALKER AND
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
AFFIDAVIT OF LAST KNOWN ADDRESS
Douglas R. Good, being duly sworn according to law,
deposes and says that he is a Vice President of plaintiff,
CoreStates Bank, N.A. whose address is 600 Penn Street, Reading,
Pennsylvania 19603, states that the last known address of
defendants Kenneth A. Walker and Shelley E. Walker is:
Kenneth A. Walker
27 Hickory town Road
Carlisle, Pennsylvania
Shelly E. Walker
133 Stanford Court
anicsburg, Pennsylvania 17055
Sworn to and subscribed before me this ~ day of
March, 1997.
&liJtJ
Notary Public
My Commission expires:
Ur;ltuinl 50111 ,
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exhibit A
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. Su.lne..
Promissory Note
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February 18.
25.000.00
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FOR VALUE RECEIVED. Iha Undorsigned.lnlonding 10 baleg.lly bound, promi.o. 10 pay 10 tha ordar 01 Moridlan Bank.tha "Sank". al lis 35
NOr1h Sixth SI'IOI ollieoln Raodlng. Pannsylvania,lha pnncipa' sum 01 Twenty Five Thousand and 00/100-------------_
------------------------------------------------------------:1)ollars payabla as provided balow, wilh inlaraal
accruing allha rala 01 Meridian Bank's National COllllllercial Rate Dlus 1.50%
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pel annum until paid.
Inter.st may be computed on the basis of the aClual number 01 days In the calendar year divided by 360.
U the Interest ralo set fonh above Is referencltd to either the Bank's Nallonal Commercial Rale. Local Commercial Rale or AgriCtJltural Commercial
Aale, the Undersigned and each Obligor acknowledge and agree thai (i) such re'erenced rale is a f10aling annual rale 01 inleresllnal Is designated from
lime to time by the Bank IS the "National Commercial Ralll," "local Commercial Ralo" Dr "Agricultural Commercial All.... as tha cas. may be. and
la used by the Bank .s a relerance base wilh respect 10 dlHerenl Inlerest rates charged 10 bouowers: (ii) tha rale 01 Inleresl payable hereunder shall
change simultaneously and aulomatically upon tho Bank's designation of any change In such referenced rala; and (iiI) the Bank's determination and
designation from Ume to Ume 01 the referenced rale shall nOlln any way preclude the Bank from making loans to other borrowers at . rate which Is
higher or lower than or diNerenl from the re'erenced rale.
1. (Slngla Principal Paymanl Loan) Inla'esl on Iha unpaid prlnclpa: I. dua and payabla beglMlng
. 19 _, Tha lull sum ollhe unpaid principal and Inlerastl. due and p'h"b1a on
2, :l.Damand Loan 0' Credil AVaila3l1iiy) Inlara.1 on Iha unpaid principal Is due and payabla ment 1y
Apr 1 1, . 19 ~. Tha lull sum ollha unpaid principal and Inla'esllsdua and payabla ondamand.
3, (Inslallmanl Loan) Principal and Intoresl ara due and payablo In _ con.aculiva InslallmaniJ 01
aach, baginnlng , 19 _ Ona final paymanl 01 any remaining unpaid prlnc/poland
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4. (Principal Plus Inla'asl Loan) Inlo'051 on Ihe unpaid p,lncipalls dua and payabla
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01 S aach. baginnlng
together with any remaining principal and Interesl is due and payable on
beginning
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ThlI urocl.r\igMCI ttWI ow. . Iitllft. '-I. p.ymem dlarg. ~&llo ~ Q'uta' 01 S15 or 5". 01 ~ vnount du. on a"., d~ da'. (Of 1ud'lICUtf~. U .... p&t1'MlllN}' OCherMl. ...r"l. wh..,......' p,I'f'
1M" 011\41 entn MQ.W\I c)a on IUCtt dIJt d." it l'lOC ,~.cs toy.... B&I\lI on or baler. fl. 15" c.&Itrdu d.ly .11., Ils r.1ptCt/'t8 dut d.ltI.
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COLLATERAL AND LIABILITIES
^" Collal.raJ (u dtl:ned) Is security lor any and .1I Liabllilles (u defined) and Ihe Undersigned and each Obligor (as de~nedl grant a secunty Inl.restln all CoD'leraI to
U'll Bank. The term '"U.biklies"lncludes U'le liability ,vtdef\Ce-d by thiS Nofl(lncluding any pasl.presenl, or Mure advances Ot tudY'nees. subslrtvlJons. '.rtensionJ, rene..t..
Int.r.st, lall Chatges, penalllU and I.es 01 any Ind .11 typeS) and aU other liatnhlies Ot.IlstandlnQ 10 Ihe Bank from thl Und.rsigned or any ObhgOt (which term IhaII includ.
In. Undersign.d and all persons olhe,..",s. ~abl. lor tM plyment 01 thiS Nole, or Iny rentWaJs. OltenSlons or mo<:llllC.3bon. ttlereo!), wh.tJ'ler ptlm.ry. secondary, Cllect or
conlingenl, lOin!. leveral or Independent. now or helufler ulslmo;. due Ot to become due to. or held or 10 be held by. the Bank lor rts own lecount or as agent for InOlher
or oth,rs, whelher Cfllt.d dirlctly or acquired by .ssognmen' or OlneNflse. The surrend.r 01 thiS NOI. Sh.lI nolltleet the nOht ollho B.nk to r,llln the Coualet.1 tOt IUCh
other Uabililies. The lerm "Collateral" includu. WItheM limItation by reason 01 speclliClhon. aU tangible and antanglble property 01 every d'1Cn~tlC)n. (indudl/"lQ .11 additION.
substiluliQt\S and .11 proceedsl as setlonh on any se;:atalely e.ec\Jled document eVidencIng a Secllrlly or other inl,"st in lavor 01 ttle Blnk. or new or herufter In U'le POSHS'
Sion or cuslody 01 Ot In lrans.llo Ihe Bank 10' any purpose. inc!udlng sal.keepmg, collectIon. pledge. lor lceount ollhe Unders'Oned or IS to which .ny olltle Und.rslgne<l
may h.vl any nOtll or pow.r, and will .Iso includ. .ny ,roperty lien ICQuued .llny lIme by lhe enlry of any jUdgment her.under or tfle renewII cl $lid luac;menl. The b.lance
01 every ICCOunl 01 any UnderSIgned Wllh, .n.d each c!'lm ollny UndersIgned .galnSI. the B.nk e.ISling 10m lime 10 lime is slJbit.'Ct to I hen .nd secUtlly inlerest in lavor
olll'le Bank as secunty for any and an liabllllles and IS SUOlec11O sel oFf 'galnSI any Ind .Uli.bilitles. and the Bank m.'r' .1 any h.'T1e Of Itom lime to lIme. alllS OPlion .nd
. \ Wllhoul nota .ppropnal. and .pply loward the paymenl 01 any SuCh llabllltlftS lnsuch order as Ihe Bank ~elermlnes in lis dlSCtellon the balar.ce 01 uc~ SuCh .c.count Wlltl.
" and I1Ch c1llm .galt1sl. the Sank. Ttle Banll. is deemed 10 have e.erclsed such IIghl 01 sel otl and 10 have mlde I Chatge agalnst Iny SuCo" .ccount immedlalety upon the
occurrence 01 I delaull ev.n IhOugh such Charge IS ml~e 0' emereo on Ihe !:looks suO~uenlly by the Blnk. The S",nk has. bul is nol ~mlled 10. Iht nght II Iny lime and
from llI1'le 10 tIme WIthOut noloce to: ('1 pl~c;e. asslc;n or Iranslet thiS NOll" 0' Ihe Collale,al of any portIon thereol; (bll"nsl.t mlC ils own n.m. or Ih.1 ollis nomlt'\H all or
.ny pari ollhe Collaler.lJ: Ic) e.erClse voting nghlS cn .ny COUII.ral: (dl notify any Obllgo, on any Collal.ral to make plyment ditectly 10 the ean. ol.lny .Imounts due thereon:
and (.) lake conlrol 01 I"e p,oceedS ollny CoUal.,al
INCORPORATION OF SECURITY DOCUMENTS
This nole shan be subject 10 .1Ilerms and caneMlcns 01. .nd the hOlder hellOl sh",U tc enlllled fO all nghlS. temedles and benellts 01 any mortg..g. or other seevnty documenl
now or preVIOUSly Olecuted by any ollhe UndetSil1ned and delivered 10 Ihe Bank in t.OMeCllon 'l'llltll/'le c,eallon 01 .ny 01 the LJabthlllS Ind slIcn mortc;ac;e or Olne' secUtlty
documenllS InCOI'por.led by relerence In IhlS nole. S'ld mortgage 01 olher Secunly documenl shall secure payment 01 .lIlale Chatges aocl OIMer sums dUll uncer thiS nole.
in Iddlhon 10 ptlnClpal'nd InlereS!. To the e.lenl permitted by law. I/'IIS nole may nol be prepaid e.cepl as agreed 10 In wnllng by Itle Sank.
DEFAULT
Th. occurrence of anyone or mOle ollhe follOWing sMII conslllule .I Oeraull by the UndefS.gned: lal non.payment 01 .ny 01 the liaollillts Ot any portIOn Ihereol, when lno
In Iho manner due. wtlelher by accelerahon or OIF'lervwrse; lbllal!ute by the Un~crsu;ned or .:Iny oltlcr Obl.gor 10 obseNe or per10rm iIIny covenlnl. .gr"men!. conc:lbOn or lerm
01 Iny agteemenl. document. mOl1g.1ge or olher Sect,;flty ';locum,nl e.eculed by lflo Undc,sll;ned 0' any olher OOI.gOl' and delivered 10 Itle Blr:k .n COM,-chon ""Iln any 01 the
l.labllll1U; (c) brucn Oy any 01 tho Unc:lerSH1ntd or an., olner 00h90r 01 any obllgal1on or duty 10 II'Ie Bank: (dl any rep'esenfahon or warranty In an., flt1.1nelaJ or o:I"e' stal,menl.
schedule. ce,1l!Icall or Ol/'ler documenl 01 .ny UnderSIgned or any Olher ObhQOf' dekvered 10 Ihe Ba,nk by or on .bthlJf ollhe UndersIgned or Iny other Obl.gor S,ha!~ pl~ve
10 be false. mlsleadmg 0' Incomplele in any mllenal resPf'(t: (ell malenal adve'se chang" occurs In the flnancl.1 c.onc:hhon 01 the uncrfs.gntd 01 .ny Oltl"r Obligor wnlc"
is unaccepl.ble 10 Ihe Bank In lIS sole dlscreliOn Irc~ :T1e coMlIlon mcsl receolly disclosed 10 the Bank In any manner; (I) Ihe UndersIgned or an., Otrler OOhgor (lIes. diSSOlves.
bquldales. merges, rl'OrC;anlles or Celles 10 conduct operahons. ot prepares or attempls to do any 01 the lorC90tng; (gl a I",slee or rK'N.t IS .ppo.nled 10' Ihe Underslgnec
Of any olher Obhgor or lor an or a subSlanllal, pan olliS or their property In Iny involunllry proceeding. or any cout1 has laken IUfl$dlcoon of all or anx SUb11lnt111 part olltlt
property of Ihe UnderSlQne<l or olher Obl'90r an any .n"Olvnlary procet'<Mg, 0' t"e UnderSIQned 0' any oltler OOhgor files a pe!lllon or ans......r flol denyl/'\9 junS;:oC'::on in banI!'
ruplcy or under any Similar law. slale ot I~ftal. now or hereafter e.ISling, (If suth a pellllon is Illed agalnSlltlo Underslgi"le'd or any olher OOhQOr. or Ihe UnderS:~l"'td or oln.er
Obl'gor becomes insolvenl. hOwsoever evidenced. or makes an asslgnmenllor l1\e benlll or creeMots or admlls In wntln<j liS Olthelt InsotvenCf or ,".ablllty or Illlure t('l pay lis
or Ihelr debts generally as they become due. or I.,IS .....fltlln 60 dl.,s to pay Ot bond or otherwIse discharge any Judgment 0' an",rllnenl wt:.cn IS unst.yed on lope-al. 0' II ttl.
Unde,sic:;ned 0' any olher Obligor advertises a ~go'"" out 01 buslnes.s~ or bquidahon sale. 0' holds 0' permlls such it s.al.; (hllhe UnderslQ"ed or any other Obl'Oor exptesses
an Intent 10 lemMale or revoke responSIbility 10' .ny cllhe LI!Cthlles. or defaullS under any OIMr nole. agreemenl.leas.. indenlure. mortC;ac;e or obhc;alron inC~"ed pursuant
merolO. 0' a ludgmentls enlered agafnsll"e Ul'\(Je'S~ncd Of' any olr-.er ObhgOl' .vldenclng ellher Sll'1gly or In lhe aggr"9ale a malenal Qtll"ljahon!he etlect 01 wtuCfl accelerlles
or enll1les tho hOlder IhellOllO accele'~le an)' malunry I/'Iereol 0' tesults in !he forle.lure by the Unders,gned or any ctfler Obligor 01 Its nC;;nls under any Such note. lo,..m.nl.
feas., Irldenlure 01' mortgage; (i) .any property of tne UnderSlgne<l Ot any Olher ObllgOt becomes Ihe svblec1 01 an., a~chm'nl. gltr\lshmenl. levy or hen (vnless ..ptossly pe',
m."~ in 'Mtling Sloned by I/".e Bank:1 ~) any subslantlal pat1 of tfle property ollhe Undersigned or any olher Otll.gOt is lateen or condtmneo by If'Iy QO'o'emmenlAl authonty:
(k) me Unde,slCjlned or any olher Obligor assIgns or ctt'e""l$f' Irans!e", or anempts 10 nS'9n or !:;1nsler. Iny olliS noht. title .nd interes1 In at\y ollhe Collaler&! wrthoul me
poor Wflnen consenl 01,,,. Bank: (I) Ihe UnderslQI"'f'd 0' any olhef Obllgo, lalls 10 lurrnSh hnancl~1 or othet Inlorm.llon as ttIe Bank may rnsotlibly reQuest: (mllf there IS
any chango In the UndttStgnfXf1 or an., ol/'ler Obl.c;c(s otllc.ers. pnnc1pal ownels 01 p.tl1ners as 1M case may be w",,,, IS unacceptable 10 IN Dank In Its SO'e dlSCl.llon or
Inl the Bank. In the reasonable and 900d l~oItl e.erCI5e of ils SOle dlSCtellon d&ems itsell or Ihe ConJICr~llnst"Cu'e lor.ny ruson vrwtll'~ver.
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:~
~ ...
,.51
-. ;:
"
-
The Undlt'IiOned and.. ObligOrs Nt.by wIN, pt.HnttMnl'Of payment" f'C/tJCe 01 ct.mand. note. 01 t'IOI1Plym.nt Of dilhol"lOl. prole... nota rA prot.st. end..OChef n06cu
"comecbon WIth IN dew,ry. lce.plane.. d,fault Of .nlore.ment 01 payment 01 0\11 Noll, and her.by wIN, all nol.c, 01 nohl ol.pptO'tal of tJt'f ..1.n&O'\I, tlntWII.. moctIA.
caUOnl or lof.bt,tanc.. whiCh may be allowed. Upon th, occurrence 01 any Oaf.un. !he pnnoplJ 01 and lf1'It"1 'CCI\Itd on tNl NOlt and any and" 0U'\tr UabllllJlI ~Ihtf
""'" coil!. 01 COIIKtJon. inducting lnorMy,"M' 0115% 01 the unpl.id pnnopaJ. .t. ImtNd.llt'Y due and PI'{abI.. I' il eM 1&11'I' had In the 'nt inltance been payable II
IUd1 time 'fIfMout fiqUV\ng any recourn IgI..,.I any DCtltt ptrlQn Of property ..~ lot 01 wcunng the NOI. ot any ott.., lJ.blkLi-.., and the 8iM l'nay; (II '."OU III nohll
01 let off U ..I toM: (b) hQkj .1 MCutlly any CoI1altf&l in whIch the Bank hll any k'lla,..1 unt.tht Oink 'I pad In tuft: (Cllakl po.MIlIOn Or any COII.I.t" and HI all Of
any p&I1 upon ..~ or IIIIt'f publ~ 01 pnvllfl ul4t lithe ophon 01 the Bank II any bmI 01 bin" ~thout ~.tWnenC or demand upon 01 nobc. 10 1M Und.~ (jt
any ObUgot, al' 01 \lllNcn1l' httttly l.ptluJy .11V1d 'Jt.pI luch nolle. lilt requirtd by appIlUb'e .1.lull and Ut'\nOI be wINed. WIlt! IN noN on IN p.an 01 the Sank 01
... notNnH lei btcom6 the putd\a..r .1 any ..... (unl.u ptohlblltd by '1IIM'1 "'tltom any tqUlty' 01 led.mpbon and I,om .1 OCher d&il'T\l. ww:s 1"'1 deducbnO .IIIg&l and
othtr IIPfO'" tor malntall'wlIil Of HI.no the ColI.l.r.land a1larlomey,' I.... "'oaJ Of Oth,I 'lptt\Jf1 lor colll'Chon. Ul. an d,liv'ry. to IppIy the I"!du. OlIN procHdI
01 tM .... 011111110 paV (01 ~ U 11I1t1V, .gllnst) this Nol. Ind all olh., ll.ablllbll; (dlapply arty ruml IfCI.",td olhe, thin Waugh c3llpol,"on 01 COII.I".I under claUH
(c) heleo' 1n sUCh ordtf and amount. II IN Sanil It'IItS 101. c3lICrebon aha_ d'llm\ll'l'. 10 the paymlnt 01 the Ul'lp'l(! Pf'ln(lpal balanc. 01. IiIlCC1Utd tnt",,1 on. IncIlny
COlli incu'ntd in lht coItcton of Iny sum dUI und.r. tr'ul Nol.. including but not "mltd to Inom.y" III': and l'I,IIIt.1t any and III I.m..".. .I"uct\ Ih. BaM may thin
pout.. undet the \..INform Commtrall Coda Clany other .pplablllaw. legulallon Of c:onlroUmg legal aulhonty.
AI nghtJ 01 llmedill 01 the Bank JtIIQl1h or olh.rwiS' '11'lIng II' cumulllzv.. No delay Of "llur. by the Bank htfttn. In 'ItfOllng Iny 011" ophonl. PO"I, or nght.
01 . parual OIling!. 'IGf'tlH constllutes I wllver 01 tIl. IlQhllO 'l,rCI" thl um. Of Iny Olhlt nghlllll'lY OIMr bmt Of 110m 11tTI. 10 lime Ih.rllfl,I, Th. 8anll.s nol requvld
to r..ort lei any plltJC1..lll1 UCUtlry 01 ptlsonS 10 Inlorct paym.nt. and tht Bank La noIlubfecl to Iny mllshllhng rtqUlt'.lTItnll or equ'"t1 .mong Ih. UnderstgMd, If mot.
INn one. &net among it Ot lI\tm and any OOI.gorI.
CONFESSION OF JUOGMENT
'Mltlhtr or not . d",ul!: hIS ocam~ Of is COflhnuing. th. Und.r,igned .nd 11th ObligOr h.r.by .ulhotill .nd empow.r Wr....oc.abfy 1M PIOthOnOtary Of .ny 0.,... Any
Bank Omclf. tmP'oYH eM' agfnl or any .norn.)' ol.ny eoY" 01 rlCOfd 01 Parns,.,....",. 01 .IS......".,. 10 Ippell 'or Ind to conl.n judgrTllnl .g'lnst the Und.I''Ontd and any
OCIigot upon tflhtr 01 the foaowlng two bu.. (Iht dtoll()f'l .. 10 ....h<h formul, &hll be used tI aoItly Itlht ow.bon ollht Not. Hotdtf' 10 .,1: (.) 101 lht 'IC. &mounl
herlOl plullnlllll. .lttIe Illled r.',; (b) 10' an .mounts du.. Includll"lQ bul nolllm.ltd 10 1'1. ch.rglllt'lcllnt.rlll accrued Itlht "111d rail .nd any Ind .n OU\tr kab.II"..
U 0111'I'/ lime. pul, pr.1ent Of MUfI, And suCl'l conl'Ulon Ihllt be W1Lh or """thOul dedlt.llon. With co,11 01 luil. ,.I.u. of .rrorl. WlIhOYtstay of '''~hon. with the grlll.1
01 rlllHn ptlcenl 01 51.000.00 added IS IMOIney'l IH.1t'Id Ih. Und.f1lgntd and IIch ObIigot allO W....... Iht ftOht 01 inquislllon on any lIaltstllelhat!'NY be.....,~ upon
pursuanl to the pl'ovisionJ hellOl. and dO her.by YOIunwlly cond.tM IN dam. and .ulnotlzt th. PrOlhono1llry 10 '1'11" upon the Wnl of E.1lCUbon lh'lt voluntary cond.rMI-
lion. and thty furthtr agrH thai the I"'"llt. may be add on I Writ 01 EJ:cullOn. wrU'I . W'/VII and r.le.H 01 aU ItW.1 'rom .11 .ppr.istrnenl. 1111)' or ,ltmp:1On l,wl Of rult.
of court. now In fore. 01 htrtlfttt et\I;ctld ot adopted.
The Unc:ltrsIQntd, and .- 0b/I00rJ acknowledge thai by .g'HinO !hat tht Bank may conf... judg.ment htftund.r.lhey waiv. ChI righllo nollU in a ptlOf jI..Ocial proc.ld,ng
to d.l.rmlnt lhtit nghlJ and liabilitieS. Ind t/'I'Y funh., ICknowledg. thll the Banlc. .hether or not . Otl.ull hIS occurrtd. mly obta.n a judgmtnc .g'lf\&t the UndtrllQMd
and .1d1 obfigot without Ihtit prior knowttdg. or tonllnt 'l'Id Without the Und.rligntd Ot .ny ObtIOO"I oppotIunify to raise .ny d.l.nse. HI 0". counltfdllm Ot other Clh'n
Ihe UndeI1Jgned Of' any ObIigot may havI. And the Und.fsagned and any Obhgor 'Ipr".ty wawe such nghll al an mal.nal pan ollh. tonlld.flhon. No Sll~l. '1.,eiS. .01
the Iote>going wanant and powlt to conI." judgm.nl il dHmed 10 "Nu.ltl1t power, wh.th.r 01 nol any such .uraslll held by I/t't court 10 belnv&lld. \'OIdabl. 01 YOtd.
but Cht power lhall eontinue undiminished and mly be 'l,rClsed lrom lime to 11m. II ott.n II IN Bank MctI until I. LllbtliU,1 have bHn PA'd In lul. The Bank may. In
"'101. dlscrltion. '1ltCilllht aulhonry conllined her'ln Igl"'ll on. 01 mort Undt.ligned and'Ot OblIgors II ant and the sam"IfM 0111 dilflf.nI bmtl.
MISCELLANEOUS
. Arty petIOn Yrho 'Xeculll this NoI. as SUllty hereby uncondd.onally btcomts SUI.ty' 10 th. Blnk fOt tt1, lul and prompt p.tym.nt whln du.. wtl.th" by _(ClI.ration Of
Othltwtse. and II aft bme. lhtreatl:tt. 01 all ollh. UlbllllJts. Th. invalidlly ollny portIOn 01 thls NOI. dots nol '"1C11N ttmllt'Mng portIOns. 01 any porIlht,tol. .nd In Iht
CUI 01 any.UCh kw.lidiry. thll Note is CONWtd IS If luch po/lion hid nol been ins.rted. The Underlignf'lj, ".mor. U\an on.. II' jointty and Mv.ral.., liabl..nd th. term
.Undtrsingtd" whtMV'I used muns each of th. Und.lSl9nf'd. Allor th.t,lms Ind prOYiSionllnUfllo and '" bind.ng upon lht heirl. ...culorl. 'dmi~SI"lIor..IUCCIJ.IOtI.
teptINnlltlYe.. Itcetvlfl. ltuslees and auignl 01 the p.l'tlll.
tI any 01 th. Ulbilill" 01 any portion the'tol owing to Ihe B~nk is nol plld in lull wh.n du.. Ihe Blnk has the fight. II ils opllon Ind wilhOut nobe.. 10 withdfaw from I/t't
ac:counl 01 !he Undersigned with tn. Sink an lmovnl equll to such OVlrdu. amounllnd to apply such lmounllo!.he paymenl 01 ttle ovtldu. L.abdlbts.
AJt I.nns. obligllions ana provisions If I governed by Ind construed in Iccordance with lhe laws 01 !he Commonwlalth 01 PeMlytv.n.a.
IN WITNESS WHEREOF.lh. p.ttIJes. inlendlf'lg to be legalty bound hefeby. NV' 'IICuted thil Nolo th. dlY and yeal first abov. wnnen.
SURETY:
(1I_.Ilon)
BORROWER:
(II corpor.llon)
(Businus Nlm.)
K. A. Walker, Inc.
~ (Bus..... Nama)
By: .~~
/TIt.: enneth A. Walker, President
By:
Title:
By:
nu.:
By:
Titla:
ATTEST:
Tn..:
(II Individuals, partn."hlp. 81e)
L.S.
ATTEST:
LS.
TiUe:
(II individuals, partnetship. alC)
(Business Name. it any)
(BUSlnus Nam.. II any)
LS.
LS.
LS.
L.S.
LS.
LS.
LS.
LS.
LS.
LS.
. ..... .._... --... ........-..-
. .....
ll. CONFESSION OF JUDGMENT
MAKER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS BANK, SY ANY AUTHORIZED OFFICER, EMPLOYEE OR AGENT, OR
BY ITS ATTORNEY, OR BY THE PROTHONOTARY OR CLERK OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA
OR ELSEWHERE WHERE PERMITTED BY lAW, UPON THE OCCURRENCE OF A DEFAULT, TO APPEAR FOR AND CONFESS JUOGMENT
AOAlNST MAKER IN FAVOR OF BANK IN ANY JURISDICTION IN WHICH MAKER OR ANY OF ITS PROPERTY IS LOCATED FOR THE AMOUNT
OF ANY OR AU. OF THE UABIUTIES, TOGETHER WITH THE COSTS OF SUIT AND WITH ACTUAL COLLECTION COSTS, INCLUDING
REASONABLE ATTORNEYS' FEES, WITH OR WITHOUT DEClARATION, WITH RELEASE OF ALL ERRORS, WITHOUT STAY OF EXECUTiON
AND THE RIGHT TO ISSUE EXECUTION FORTHWITH, AND FOR DOING SO THIS r-;OTE OR A COpy VERlAED BY AFADAV/T SHALL BE A
SUFACIENT WARRANT, MAKER HEREBY WANES AND RELEASES ALL REUEF FROM ANY AND ALL APPfWSEMENT, STAY OR
EXEMPTION lAW OF ANY STATE NOW IN FORCE OR HEREINAFTER ENACTED,
MAKER ACKNowt.EOGES THAT BY AGREEING THAT BANK MAY CONFESS JUDGMENT HEREUNDER, IT WANES THE RIGHT TO
NOTICE IN A PRIOR JUDICIAL PROCEEDING TO DETERMINE ITS RIGHTS AND UABIUTIES, AND MAKER FURTHERACKNowt..EDGES THAT
BANK MAY OBTAIN A JUDGMENT AGAINST MAKER WlTHDUT MAKER'S PRIOR KNowt.EOGE OR CONSENT AND WITHOUT THE
OPPORTUNITY TO RAISE ANY DEFENSE, SET OFF, COUNTERClAIM OR OTHER ClAIM MAKER MAY HAVE, AND MAKER EXPRESSLY
WANES SUCH RIGHTS AS AN EXPUCIT AND MATERIAL PART OF THE CONSIDERATION, THE FOREGOING POWER TO CONFESS
JUDGMENT MAY SE EXERCISED AGAINST MAKER AT ONE TIME OR AT DIFFERENT TIMES AS BANK ELECTS UNTIL THE UABIUTIES ARE
FUllY DISCHARGED.
7. All "t.t.nc.. to th. NoI. In docum.nll d.llv.r.d to th. P.y.. In conn.ctJon with th. c..dil AccomodaUon. b.I.....n th. Male.r and th.
Plye.lhlll b. d..m.d ,.'."nce.lo th. NOle II .mended herein.
e. In III other ,..p.elI, th. Note I. hereby "tined and confitmed,
IN WITNESS WHEREOF, the partJII hereto hlv. cauled thl. Amendmenlto PromlllOry Nole 10 be duly ...cuted and d.livlted the d.yand
yell fim aboYe wrltt.n.
BotrCWtr (It Indlvldull., plllner.hlp., .tc.) Bottower Qt corpotlUon)
Bullne.. Nam., H any
K.A. Walk", Inc.
:rpo~~
nUe:I<eMllh A. Walk", Ptlalcflnt
By:
Till.:
Att..t:
Tille:
Qu. 0
\'Vitness:
Wltne..
MERIDIAN BANK
By: C;l,u-v-2
Tille: A. \'/1m "anOldln, SInking OffiCII
Au..t: Q
TItI.:
SURETIES:
"
.
Exhibit B
."\'.11',,,,,, .'.,,<,,', tl'" ",.,,"~, @
I.
I
I
"
Meridian Bank
Surety Agreement
(Business Purpose Loans Only)
In eonlid"ltlcn or atail h,lllaIQI. Of "t,,&tIII by M,ridlan eanll, . P'nnrytvania blnking eo/pOlalion rBank1 hiving &n oHic. I' ~ North SUllh 5"..t, Anding, P,nnryt'lanlllo
K.A. Walker,lne, rSollowlr1,
K.nnlll'l A. Walk., & Shell.v e. Walll" rund.raIgnta1
hl"DV IrllVocably and unconditionally gUlllnly and a.com. IUlIly 10 Bank 10' lh, dut and plompt paym.nt and plrio/manea 01 &II U,. L1atlllilin. Tnt I. 1m .Uablllti.." lnaudlllll
llabilitl.. of BOIfOWII 10 Bank, .h,lh" now Ixiaing or tit/Uhf' InClJII.d, matuled, 0' unmatu,.d, dir,a 0' conling.nl. joint 01 ......,aI, .h,lI'" alal,d dilled)' 0' acqult.d by
usignm.nl or olhlrwl..,lnduding all past and tulul. Idvlntll or ",dvant'n, and any Illtnlions, mgdificllionl 01 IIn.walllh".ol.nd aubllllutionllh,,,for; &II amount. advanced
by Bank on behalf 01 Borrower, aUlal. thllg.., penalties and othll such f... undll any .grumlnl 01 Borrower ...ilh Bank; alllllbiliUn pntlllding Ploln.ionll FI.. and COstl. II
hllllnaftlr definedllnculled by Bank arising 110m or fllatld 10 any hauldoul mal,rials or dang.roul .nv;,onmentli condillon,.1 any "Ii plopenv owned 0' occuplld by Bouowlr;
and 1'1 01 Bank" cost. and .Ip.n.... Incurfld In connection with Ihe Infoll:emlnl ..,d colllction 01 Ih, UabiliUn. ...helhlf 01 nol ,uill.lnl'lilutld, and wh.thll or nol bMlktuplcy 01
lnaolvency procttdlngs hav. bun Ins!iluled by or against BOIIOWII. Induding ...itnoulllmilalion, "alOnabl. I... and tOlIl of allolneva. 'pplaj..~ aC'COunlantl., conauh&fltl and
other prolusion,l, rPfolnsional Fe.. and COI'lI'. If any Uabilili"... nol plid or performed by 801l0w,r ...nln dU',l1lbjld 10 any applicabl. gllet pltlod, Undllsign.d thill, upon
Barlk" d.mand,lmmldlallly pay and plrform such U.biliti" or tIIu..lltt urnelo bl paid and perf Of mid,
Tnt amount 01 In. liability 01 Undlfsign.d n.rlunder shall nOI 'Ic..d S 23,5,000.00 ph. 'llmil Amounr].11 no In"lIion hu b..n made In Ih. prlcedlng aplC',
0' if tn. word .unllmited'I.lns.tll.d In,"in, Ih. amount ollnetiability 01 Underllgnld hlr.und.r 111&11 b. unllmiled,lf tne amounl 01 lh. UabUlIy of Undersigned hef.undll la IImitld,
UndlrsIgned IglII Inltlhe amount 01 BOllower'llIabilitin 10 Bank mlY !rom lime 10 lime elCled Ih.llmil 01 the liability 01 Undlrsign.d hll.unC:lr Vtilhoulln any WIY affectIng Ih.
Uability 01 Undaralgn.d hlllund", and Bank may apply any plym.nl with ,uped to BOlfOWII"Uabilillu10 Bank 10 or on aeeounl 01 BOlIow.r', UJbilililllO Blnk In wch ord" u
B&t\k may .lect. Whenl'V" Ihellabililles IICIlId tn. limit Amounl, unlea olh.twiu Igr..d In writing by Blnk,th.lilbility 01 Undllsigned &hall b. rlc:ueed by Ill~ Plyment. only 10
\tie '1lenl thai auth Plym.nl' "duclthe UabiliU" b.low the Umil AmounL NofWithllandlng Ihe Umit Amounl, Undlt1ignld 1I1all pay 10 Blnk, upon d.mand, all C:OIll and IIplnll'
!nalll.d In conn'C1lon with Ih. .nlofcem.nt and Coll.dion Ollne lIabililin. wh.th.r or nolaultI, Inllilulld, and Whllh" or nol bankruptcy 0' INIOlvency procllding, hi.... bun
Lnlliluted by 01 against Bartow" or Undersign.d, Including, 'lfithout IImitallon, Prolessional Feo. and COllI. Notwithstanding the limit mount, &II amounl' t'COVIllbl. undll Ihll
Sutlty ""r..ment which are nOI paid upon Bank" d.mand anall eu, Inllle. II an annual rile which thall be two pllc.nl I~) Ibo.... tne hiljr:nl rill applicabl. to any olth.
Uabilitl.L
The guaranty and Wllty contained hlllln II an ablOlut. and uncondition.I, primlry, dh.ct. c:anlinulng and Immedlat. guaranty 01 paym.ntand net of coll.ctlbility and 111111 b. valId
and binding upon Undllsrgned IIgatdlea of invalldily,ln.gullfity. def.d or un.nlolcllbilily of anyprevisfon ollnydocum.nl or Instrumenl..lcvtld in conn.ctlon with Ih. Uabilillel.,
01 any olner obllgallon 0' agrum.nt 01 Borrow.r or Und.lSigned. Undllsign.d hlleby conSlntlnd IglU thlt Blnk may II any time or Ifom time 10 tim.ln Bank', diSCIetlon and
'Mithout nOllce 0' lur1htl con..nt from Undtlsignld, who nttlby a."e 10 t. and IImain bound upon this SUllly. notwilhstandlng any auch adlon on Bank" part: (iI e.lend. flnlw,
modify, am.nd. IUppl.ment 0' walv. any plevisions 01 any docum.nls or instrum.nll...culed In connection with any U.biliti" 0' ching. the time 01 plymenl, and/o, the manntt.
pLace or tlfm. of payment or Ih. Uabiliti" 0' Iny renewals. '1IInsion. or modificalionslhtl.of; ~il lilli, or c:ampromilllhe Uabililin with BortoWl' Of any olhll pany; (Iiij apply any
IUm. by whomtv" paid or how.....r reallud to Iny Uabilities 01 Boltowtl to Bank regardlla of Inlllabililie. 01 BOllow,r flma1ning unpaid; rtvl uct\&ng., fllease. .It 0' compromlH
any cona'tlaI"cullng thellabiliUII; (vi ,.110.. or "train !rom 'IIrtising any righl.egalnll Borrow., 0' Oth.II, Including Und.rsIgn.d: (\'11 r.IIUI frem liability to Bank anygulI&nlor
0' olher obligor. Bank m.y In III dlaaeUon act on any 01 lne atcv. all In wch munner end upon auth lerm.1I B.nk mlY SII fiL
Und"sign.d heroby waive (iI plomplnns and dillgencl: Gij ncti~ ef thelncutttnce 01 any liabilities by Borrow.!; Giij nolie. 01 any actlon.laxln by Bank 0' SORowe, und" any
do<:umenl or Inslrument execul.d In connection with Ihe Uabilili" or any olner .glumlnl or Inllrumenl r.lating Ih.ttIO; rrv) nOlic. 01 leeeplana ef thl. SUfety and 01 any action by
Bank In IIl1anc'lh.reon; M pllllnlmenl. demand 01 p.ym.nl, nolice 01 dishonor or nonplymonl. protls! and notice 01 protist with re.pectlo the U~ilili... and all othlrlotmalili" 01
IVtry Idnd In connection with ,ne enlofcement 0' the Uabilitles or 01 tn. obllgation. 01 Underalgned h.reunder, 0' of any other gUllanlof 0' other ctago,. Ih. omission or or delay In
Yrttich. but lor Ihl. prevision might constitute grounds lor ,,[jIVing Und,rsigned 01 any obll;lllon. h.reund.t; ('tij any ltquittmenllhal Bank prelI'C, secure, perftc1 0' Insur. I/'Iy
IlCUrlfy In'"'st or lien or any plOplrty !Ubj.ct Iherelo or exhaust any righl or lake any IClion against Bouow", any 01 Und.t1igned, or any Oln., pll'lCn or any conaltl&!; lviij nolice of
any election by Bank to &Ill any oflh. prop.rty mOllglged, assigned or pledgld II ueurity 10' any 01 the Ulbililln at a publico, private sal..
SECURITY
UnderJign.d granllo Bank, 11 Slculily for th, full and plcmpl paym.nl and p.rformance 01 Undetsigned's Obligations hereundlr. a security Int,rn: in all moni.1., llCUriti.. at oln.r
plOplrty of Undllslgned and tn. ploclldllh.feol. now or herut::.r in Ih. possession or custody 01, or In ttansitlo. Bank lot any purpose Including saf.kllping, colltcllon, pl.dge or
OI/'l'IWISI, Including, without limitation. all d.posil. (wh.ther ;.nllal Of speciaQ and eredils now or h...after m.inlaln.d by Undlrslgned with Banie and In Inydaiml 01 Undlrsign.d
.ga1nst Bank. and Bank may. at ils option and without nOlice, SlI cH tcwl/d Ih. paymenl 01 any liabilities, in wch Older as Bank may d.lermina,lr.' b&lance of uch such aa;:ount
with, and each claim against Sank. Bank Is dllmed 10 ha"e e..rcised sccn tighl 01 s'l off and to ha.... mid. a tharge .gainst any sucn account immediat.ly upon tne occurllnc. 01 I
c:.llullln Ih. payment or p.rformance ollheliabililies ev.n thou;n suc:! cnarg. is subsequ.ntly made or Inlelld by Bank on i1. took,.
REINSTATEMENT
The ,HeClivenlSl of Ihis Sur.lY shall continue or b. r.inS1ated. as tl'\e case may be, in the evenl that any paym.nt flceiv.d at clldil ;:ven :y Sank 1.lIlutn.d, dlsgotged or
IIscind.d u an avoldlbl. pllllllnce,lmpllmj~ible "I olf,lta...c:ul.nl conveyance 0' ol/'l.rwise under any applicable lIale or lld.rallaw, inc!...:;r.lj Ian plnainir.; 10 banlUuplcy or
Insolvency. and this SUltly 1I11111htluher be Inlorcea!::11 asainsl Undlrsign.d II il such IIturned. disgor{lld Of rnond.d plym.nl or credit ha:! r.CI tlln r.Cliv.d Of givln by Bank.
and Whllhll or nolBank "lied upon such paym.nt or cree:, or chlns.d ils pesition as a consequence thereol.
WAIVER OF SUBROGATION
Undlltign.d waive any right 01 lublogallon 10 Ihe claims 01 81nk a;ainSl SOHowlt. or any Ilghl 01 Indlmniricallon or conlllbutlon .galnst any ctr.., person. II norwithllanding such
waivII 01 subrogation, any amount shall b. paid 10 UnClersignea cn &tccunl 01 such sublogatlon, Indemnilication or c:lntritution at any lime whln III ollne Uatilili"lIld &II olh"
'Ipln," guatantetd pUlsuanl h"llo shall nol /'I:lv' been paio in lull. suc/'l: amounl shall b. held in ttust lot Ih. bln.lit 01 Bank. 1I1aJI t. ugrlgaled from the olher lund. of
Undlrsigned and shalllotlhwilh bl paid ovlllO Bank to t. appllea In 'o'lncle or In pin by Bank Ig3ln$llho liabilitin, wh.thll malured or unmalulld.
TERMINATION
This wrety shall be continuing and Bank may continue 10 aelln relianCI h"eon untillhe IIceipt by Bank 01 pliof wrill,n nOlice 01 f....ocalion hem Und.rsigntd plovidld. hOW.....f.
l/'lal such nolico shall nol aHed Undersign.d's liabilities IS Surety cl any liabilities incurred or based on lat":llIising ptior 10 IIcelpl 01 such notice or Liabllilillwhicn W,fe allttd &he'
rec.ipl 01 such nolice pursuanlto any contract .nllted inlo ty Bank plior 10 Itceipt 01 such nOlice,
7
CONFESSION OF JUDGMENT
UNDERSIGNED HEREBY IRREVOCABLY AUTHORIZE AND EMPOWER BANK, BY ANY AUTHORIZED OFFICER, EMPLOYEE OR AGENT, OR BY ITS
mOANEY, OR BY THE PROTHONOTARY OR CLERK OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE WHERE
:PMITTED SY LAW, TO APPEAR FOR AND CONFESS JUDGMENT AGAINST UNDERSIGNED IN FAVOR OF BANK IN ANY JURISDICTION IN WHICH
','NDERSIGNED, OR ANY OF THEIR PROPERTY IS LOCATED FOR THE AMOUNT OF ANY OR ALL OF THE LIABILITIES, TOGETHER WITH THE COSTS OF SUIT
'.~D WITH ACTUAl COLLECTION COSTS, INCLUDING REASONABLE ATTORNEY'S FEES, WITH OR WITHOUT DECLARATION, WITH RELEASE OF AlL
,MORS, WITHOUT STAY OF EXECUTION AND THE RIGHT TO ISSUE EXECUTION FORTHWITH, AND FOR DOING SO THIS NOTE OR A COpy VERIFIED BY
AFFIDAVIT SHALL BE A SUFFICIENT WARflANT, UNDERSIGNED HEREBY WAIVE AND RELEASE AlL RELIEF FROM ANY AND AlL APPRAISEMENT, STAY OR
EXEMPTION LAW OF ANY STATE NOW IN FORCE OR HEREINAFTER ENACTED.
UNDERSIGNED ACKNOWLEDGE THAT BY AGREEING THAT BANK MAY CONFESS JUDGMENT HEREUNDER, THEY WMVE THE RIGHT TO NOTICE IN A
PRiOR JUDICIAL PROCEEDING TO DETERMINE THEIR RIGHTS AND LIABILITIES, AND THEY FURTHER ACKNOWLEDGE THAT BANK, MAY OBTAIN A
JUDGMENT AGAINST UNDERSIGNED WITHOUT THEIR PRIOR KNOWLEDGE OR CONSENT AND WITHOUT THE OPPORTUNITY TO RAISE ANY DEFENSE,
5ET OFF, COUNTERClAIM OR OTHER ClAIM UNDERSIGNED MAY HAVE, AND UNDERSIGNED EXPRESSLY WMVE SUCH RIGHTS AS AN EXPLICIT AND
'MTEAlA1. PART OF THE CONSIDERATION, THE FOREGOING PO....'ER TO CONFESS JUDGEMENT MAY BE EXERCISED AGAINST ONE OR MORE OF
~NDERSIGNED AT ONE TIME OR AT DIFFERENT TIMES AS BANK ELECTS UNTIL THE LIABILITIES ARE FULLY DISCHARGED,
MISCELLANEOUS
No fallur. at d.lay In ...relling any rlghl ot r,medy Igalnat Undersigned "'!lund., aha/I b, d.emld I waiv., Ih.rlol nor Pl.dud. lhe ,.IIau of any ath., tight or rem.dy
""lVnd,r. No waNt, of any b,..ch of any provision 01 this Sur.ty ahall b, eonllrued as I waiver 01 any subsequent bttleh of Ihat provision or of any olh., provision.
M :lg1111 and rlmld'n h,reund.r art cumulativ. and nol 1III,nlli..... and Bank may ptoeud In any ord,r .gllnll Borrow.r, Undersign.d, or any olh" guaranlor or olh" obligor or
;OIfQ'n,',Ind.bl.dnISS 10 Bank. Thi, SUltry Imbodiulht whal. .gr..m.nl and und.rttanding ollhl po1rties rel"liv. 10 Ih. subjed m"lIer het.ol. No modificalion or any pfovilion
..1'tIOf ahall b. .n'orc.-bl. unl.u In wrlling .nd .lIcul.d by Und.rsign.d and "pprovtd "nd acknowl.dged by B"nk. Th. Invalidity 01 any ponion cf Ihis Surety do.. nol aff.dlh.
.tf1\&Inlng ponion.. Of any pan Ihlt.ol, and In Ih. cue 01 anylUch Invalidity, thil SUlltylhall b. constru.d II il IUch ponion had nol blln Insened, Undlrsign.d, if motllhan on., aI.
zoinlly and ......rally lIabl. and Ih. Iltm "Undltllgnt<r whlnlVll used mllns Ihl plnl" ,uCU1ing Ihll Surety,
Undlralgnld Irrevocably WaN.th. tfghllO Inlerpose any d"ln" (olhlr lhan p'ymlnll,..t off or count.tellim ollny nalur. Of descriplion in any and all disputes b.tw..n any 01
4.m and Bank .,..".Ih.r und.r !hll SUtlry or undef any olh.r Igre.m.nt hlt.lofot. or hll..tlII ,xlculed.
Jnd.t1Igntd Irrt'YOCably .gr.. and con..nl 10 Ih. .xclu1lvt Jurisdiction ollh. Coutts or Common PI.D tor any counry In P.nnaytvanl. wh.r. Bank hu an office and/or the Unit.d
l~n CH.lld Coun rot th. Eut.m Otatrtc:t 01 P.nn~I.ln any and all dlsput... .ctlon. or proce.dlngl b.twe.n Bank and Iny oflh.m, wh.thtl arising n.r.undtl Of und.r any Othlf
,:"m.nl or undln.ldng and Irrevocably agr.. to ..MeII 01 proClI:l by c.nift.d mail, relum "eelpl "qu.st.d,lo Ih.m .llh. .ddt.u IIst.d In th. f.co,ds 01 Bank and Ihll ..Met
..pan any of Ih.m th.n conll~Ul. liMe. upon all of th.m, IIch, hlleby Ippointing Ih. OlhlllsJ Iheir attorney-in.llct lor Ih. pUlpO" 01 ..rvle.. H~f, Bank I. nol pr.c1uded Irom
:nnglng an .aion .galnst UndlrsIgned In any Jurisdiction 'n Ih. Unilld Slllu or IIs.whll.ln which Und.raignld 01 any of Ih.i, proplrty I, localld. Underslgn.d funh" .gr.. nollo
""\Ill. any obJKtlon In any IUCh action ot Ploe..dlng th&l....nu. ,.Improper or tn. forum Is'nconvenlent.
All lerms, obllgallona and provisions hlllol Ihall b. gov.rn.d by and conlllued In aceotdanct wilh Ih. Inlllnal laws 01 Ih. Commonw.alth of Plnnayfvania. withoul r.flr.nc. 10
ccnNd 0' I.WI prtnclpln.
, M nollces requ"ld under Ihle Surety ,'grllmlntlhall b.ln wrlting and shall b. given by lithll (i) hand d.livery, (lij fim d~ mail {po.ag. paidj, ~i~ f.Uabl. OVtItnlghl commlrcial
eounll (charg.. prepaldj, or rrv) Ilrecopy or olhll mlanl 01 ,l'clIonlc trlnsmission, if confirmed promplly by any or Iha methods specified 'n alusa [i), f1ij and (liij of mi. s.nlenc.
4\d shall b. sufflcllnl,ln Ih. CUI ot .ny 01 the Undersigned, II sent 10 the attlnlion or ils propri'lot, genllal patlnet Ot .ny ueculive officer .t Ihe .C:C:ress on Ih. rlcolds of Bank, and
in !hi cue 01 Bank, ., IInl 10 Ih. addtlQ and Illenlion of Ih.loln officer ..rvIc1ng BOrtOWII'"ccounl,
All 01 the lerme and provlsionl or 1hl. Sur.ty Inutl 10 and at. binding upon Ih. h.irs. .xeculors. adminisllalors, suetessots, repre"nlivn. reaivers. IruS1.1S and .ssignl of
Jnd.raignld, provld.d thai Und.rsigned Ihall not assign Ihis.grllm.nl or any rlghll or oblig'lions h.reunder withoullh. prior wlitten consenl of 9ank. AJllighl' hlltunder shall InuII
:0 Ille wccesso~ and assign. 01 Bank.
IN Y-IlTNESS WHEREOF, Undersigned hav.ex.tulld Ihi. SUltty on
10/12/94
!l..'RETY ~f Individuals. patlnefship. IIC.)
SURETY (11 corporalion)
l72i~d~
1<tnniffi.^:A.~y.'aJk ~/
~<,U:..:".J' ~
~.~oyE~r-
CorpOtlla Name
Oy:
Tille:
By:
Titl.:
AIlISI:
Tille:
Wln.sa: OL.."-'~
....'''".,1...... """!l\'~ Ill" ~1'''.lll @
Exhibit C
'00 V.uJE f\[ctrV[D. Und.....""', .._ 10 .. "lI"'Y ......., ......... 10
~ 1M oII\c. 1I:l5 North SlIth Stl..c. Audint. penntyfwanla. U'I. PMC;~ ....,. cl
Promissory Note (BusIness)
';).;/'1/3; '~J
,., .. "- ... etI U<<WlM ..,.. ~. . ,...~.. ...,. corpol'*'
onl hundlld filly thousand Ind 00/100 .
00i5Ms ~uw. .. ptOWldMl MbI'.'" ....... ~ II
,.Me~ldic;m Bank
S 150.000.00,
lheraz,cl
9.~O~ ttud
pet &MUm I,Ull~ p&ld.V1I.'I"dINll" COfI'IPlAtd on In. DUll 01"" KtloIIoI numCNf oIdl')'llflN ~r-alCJMCIecl by:J<<l.
.wn.Inl.,..... 1M.... forth abcwe II"'~ 10 efth..- BAnll'. ~ ~ FW"l.ou'ComIMfclt,l f\at.Of~l.If'IIICoINMtcl.Il AaI.,lJnd~Md I(~" Md ..,...1\1II1'1 &ICh
rtllfenced,.a. II. r.oa&Jng IMU&I ,aI. oIltll.rnt thalli dnlgl'\&Std IromUmt IG tImf Irf ~.. "'" "N~ ~ fW...'\Alc.af~ FW"OI.~tk\IllUl'''~AaI.........CUII
rtIII'/ N, and" uud by BAnk II .r.t...nct raI.""",'"PKttocl~tI'.nllnl,," "'n cNtatd 10 bomMrtrr," the t"t aflnl""'~MrI'lM"d,'1NII Chlt\g' tlIm.tll~"" ~l,IpClft
el'fchange InMoCh'tfmnced'lIr,and ~ IUCh r.#tf'l1'lAd '11' rn..,not be IN townI rail alwNch8&Mmaan Io&t\IlOoChefbomMetL
REPAYMENT TERMS
t. CSJnQ..PMdp.alPaymetlCLo."llnl.,....on1h.""P&ldpMctpaJltd~andp.tyablt
cllM ~ pMds*and """..a" M and p.y~on
I. p.c:cwnced T1rne Notel The 1\.11 1Um" due and p.ty~ In _ ,I..... on
:J. (Demand I.D&nJ IN...... on IN UI'Ip&ld pMclpal It dl,l' and p.yw.
pMd~ and.,......... M and peyabl. on d,mafld.
bo1llMing
.TheU-..n
boglMing
.lh.lUIU'ncltM~
c. p.dIM:I.bilfyJlnt.t....onlheUt\fl~pMcJpaJlI~ancf~ ~ .n.Ull.WnclLhe
~ pMdpal and In!,,", II eM and Pl)'a.bIe on . &tnk rnl'f m&.ILe &cMncn and II.aw.ncn 10 UndtftIgMd.. Und~ rM'J ~ in IC:CClfdAnce 'IIIIh.
II'ld subfKI to, 1M prowilion, 01 W. NOli and ~ eMI' a;'"rMf'ott. clOC\ltT'llMQ IlIlI'll1l\llMntl 1.1taAtd 1ft cOMKUon N'''''' II'ld teW.d lhWtio, and ant ,atlMlonl,. moc!'c::Itlona Ill""""
1Mt.ol and IU~ themOt', pr'O'II4dtd~, thai the CBdI 10 Irttf'dtod tNJ not 'IUtod 1M princIPAl sum "....d abaw and weh CQmtT'IIlIn.nt may l.rtI'IiNl. tlDanIl'. opOcn.
"1m''''''''
t 1.95262
Julv1 ~
L~ ....
t
bo1l""""ll
on
'-'l
Princlpal and lnclfnl It. cl". and
..th, b.-g1Mlng AuCJust 1 1 CC~
...,.... In 59 ............. monthlY _ ..
, 0nIl'lNJ ~nI of Inf ttm.tlning unpaid pcinc;I~ attd 5nl1f"l'd '- a.. and payabIt on
WIf'I'tI lotnJ PMclpal .. 4YI and ~a.b"
..ch, bt1Jlnnlng
. en. l\n&l pr,om.nI 011
"
............. -..
. &nt,lm on "'I I,InpaW pMdpal '- clUl and ~
togtltw ~ "'1 r.maInIng prindp&I end ICCNId irl.,... CWI and payUlle
Und~ntd 1lMorit" Benk to thtrg. Ita d.poU ICC'O\lrt , '01' U'l. parm.nI of prVodptlll'td/llllrtll", t..fWndlf'. Undmigntd thd OWl . :..al paymenI ctwvt
equal to the gftal., 015" of U'\tfoltlpald atI"lOI.IN 0I8nf Khtdultod porym.nt 0111"-00, "'"I""" paymtnl 01"'1 Intitt ~ dvt on ~ d&ll" not rK'~ bot BaN. on IUd\ dal..
UABILlTIES
Tht IIrm '\J&bIIaln. m.an. 1M pl'lnclpIJ and !ntlrom ...w.netod by tM Net. .."'rd all CUlIf U&biIIlln of Und.nigMd to B&rW. 'IIotItthIt' Mmmdlf or otNrJu, ~,..,. ..~ 01 httt&ll,tt
h:uned, JNJuttd Of unmaturtd, dlrK1 Of ~nllt1g.nt, loW Of ,~aJ. ...,.thK C"1I11'd clittc'>t 01' acqulted by u.tIgrvntnl Of CChetMIe,InckIdIng all puI and f\An &ef\o&r'lc'n Of :'I1CdnCn, WId Il'ft
.rttntlonJ. modit'.calloM or ""........tI !hI/IO' and subltltvt.c". th.ftl'Ot; tJ ~ .a.avarud by B&I\ll tI.f.und., on bth&Jf cllJN:ltniogntd; &111&1. chugn, pen&l\in..... uw: at<< Il.Kh IumI cl'UI
~ldlf lhia Not. 01 othI""".. aIlll.&billtltt Qncludlng P,ofH$ion&l ,....1I\d Cca. u tll,.,""'" d.r.ntd] Inc\Intd by Banll aMJng!rom Of ,.I&%ed 10 ~ hUlldOUl m<tl.aJlot~ .tMroNn.,.ql
cond;Clon. aI '"I rul PfCIPI"YOWMd Of O((\Ipftd by Und'l'I~n""; and all of !.arX, c:tr.1 &rid 'Ip.mn Inc"nedln cOMlClIon-..Mlh. .ntorum.nl and coI1tcUonoflhllorl1;oIn; ~1t1.........,.lhIfot
noIllA .. LmtJIlIltd. and wot'Itthtt Of not b,an)J\lplC'f Of In.OMI'ICY p'oulC""" tw-.. bnn inIVl~11d by O. .;aind Und.rd;ntd, ~.ng, ~ llmit.IJion. NIIOI\IbIt 'III Il"'4 ccIU 01 &ft0ll"lf'(l0
~..rt, _counlantl. C'Cn."IW1I. &t\d oth.. proll"lliONl. ('P.olnsOon&l FIt1 aN: CcI1". A.1 &tnO\Intt a.ct,.anctd ~ Banlltllfl\lndlfGn beh&lf01 UI'd.nl,ned and llloU'Mfl....ox::a, and ..ptntn
WufTld by 8NI1l &t\d Included In lhl UtbiWn than be du. &rod pay~' l.:;cn (f'l'T'l&l\d, ....Ih Inl.fl'd &l an annual ,.... whkh th&I be two ptf'C.nt ~ a.t:owt Itl. .at. of IrtIlTll aNrvol.. paya!:Jt
httIuncItt, '.om lIl. dill 01 p.lym.nl by 8NI1l unlil paid In tuG.
COLLATERAl.
All CoD.IJ.r&llu d.nn~ it 'I(unty tOllll. Ua.b,lilln. Th.I."" "Celll.:ttar <<IoC" &:11If'SI'bf' and lnlangibll pfOptf1y (II d...a1btd In Ir"f mortgag. 01 oUllf tIC\UIty dOC\lrNrt........uu.,., ..talttd bot
Und.rtlgned In connectIof'l With Ih. Ul.bililln In IrtO' 01 BIIII C'SKunry Coc-.~.r::t', &rid ~.1In ...nich Und'l'I'Slntd hu g.enttd. 'KUnty Inl.fm 10 tWIll p:\lf1Uam 10 this SC.... Cr.c:.nigMd g'lI\lI
Benll. uwrI!"f Intttnt in all monin. IIC"rili... II'd Ollllf prcOli1y of Un(.l'I~!"1C If'd th. ~roc.td. thtttol, now Of h".aIl:tt In the poalUion O. ClJltody of, or in trllllJllo.~.. =' ary ellt, atl'U'l&IM or
IU~ tot uf,u,p~, CQIllCtiOn., plld,. o. Ir"f CItIIf F!Jf'POI' inc!u(.r;, ",,".1'<101 Lm.wicn, all d.poti1. ~t\h" g.nlfaJ or 'FKl&l) and (tlda. no.. 01 hlf...ft..~ :y Cl'dlf'llgned 'IIlIth
Banll, OIl1"fclltl &tI'\li.atn Of .~b'Ii4i&MI. and in '"I clAim, oft.:ncl'f1~"14 I.;Lt'lC !!&rIll, or I/'I'f 01 ill a!l'I;.ln Of 'ubddiarlfl, and Bar.llmay, II itaopllon atldlloMolo1 nolin,... :fI~the paymlf'll
0I11'f U&bililll'l, In IUch erd., u Blnll may d.l.rrnin., ltl. b&:&rIc. eI..ch lOot.., a~unl ....th, and .I.cn cll.im .gainu 8&r111, Of 11'I'/ ell. anUl..." or 'ub,lcllt.Ms. SIIlIlIs d"mte:::"... I.IHclted tueh
.....". eI.1t oft and 10 tlaYt mad. . eNti. aglin" UfIJ .ucn ac!;Ounl invnlC.&:,")' ",:en tII. OCCUlllnc. oIa O,'aUlIlu ''I"lnaftlf d~ ....n lhough .uch cN.Ig.1s m&.'::' :JIlf"'tlftd on lhl booll:l
NbltqU'nUy by Bul.. BI.IlIl hu, bwt it nOllimdtd lo,~. ".".1 ... uP'f t:nl. I..-C ~C", Lrr., 10 WrI', ""lhCul no"u 10: W pftodlj" _gn or ltatlt11f Ih;1 Hot. or tII. Cona',," ClI..-, :<,t1ion thlfeol'; tb)
IrlMflflnco Itt owwnrwn.ortllal of ii, nomlfl" all 01 UlY patl eI''', CoJ&l.,aJ; ;tl ...'c;" wc""g~htlon arryCOIfI.I"al; (dj tua'conltol oIlh1 proclldl cI "",OoIW,,a1.
DEF...UL T
Th. OCCUllfICl 0' any onl el mCII or Itll 'ono....ong .nl.lf CC""1",1' . C.I~~ '::'f~' C"c."igrlld: (., "on.p.ym.nl 01 U'f'/ oflh. Uabilit!n. or UlY potllon Ihlftol, """,n &fId in :.he."'....",., d".. whtltltf
by' ICClilfahon Of eV'.,.......: (bl '..Iu" by Ufld.,,:gn.d 10 ot:nM or p.ttorm 1....., c='\t'f\.sI'I. ag'nm,n!. cond,11on OII.nn 0' UI'f 'g'""""', docum.nt or $tcur.ty Ooc1.Im''''IJIC.'K If'odd.lIwred by'
Und'l'I~n,d In connlC'hon WI'h ""i 01 thl LUbihlill: (cl bIll'" by UI"f of l:~~.rtd of 11'I'1 oblOgallon 0' duty 10 B&rIlC; (dj UI'f ftPIKtnlallonOlwatfU'ltflnanyl'.n&l'lCialoret/'Wfc.&l'tT'IInl.ldwdu1t.
Ctl1'<II. Of ofhlf doc"m.nl C'.liYIfed 10 B.nll by Of on blhl..'f 01 U"C'">Ii''''' &fILl r:lcYt 10 b. '1.1... ",;SI.adit\g or itlCOlTlpf.,. in '"I mal.rial r"ptCl; (., . maI.nll &dVIfW C.-~I OCCUl"l1n the
ftnanclll col'd:tion 01 Und.f1,g,.,.d \IIottich It ,,"I.CClpll.bl. 10 8.anllln ltt lei. (',",:'~cn ttc", U'I. ccnc1ltion mo,1 flClf\Ity dl,clolld to Bulllln any mann.r; II) Und.l'IlSlntd (itot., :laoHn, lq\.lIdal...
m"SI". tlO'\1lfliU.. chl.ngn"l n.",., ..nl ot 011'1.""",.. d;.pot:n oIl"l:t!.vtl.."J 1..1 cf ofl U1Il. or uu..lo cendue! o~rll~" Of ptlpltn or an.mpt'lG do UI'f c1the foA7c~: tg) .INII" 01
,..ulwr i. ~poinltd 'or U"d.tSignld 0' for I. .ub.IIIIIJ&l pao1 0' It, PI'Cp'~. :. 0..:,...:."...11..., comm.ncn UlY b&rlll.NP1C"J Of olNr lUTIilfI prxHding. und.. ~1n1Cl'-"ncy a-, s:a:. or ''''''Ial. 01.".,
..Kh proc.ld.ng It comm."cld 'Sial".. Und.rt>gntd 01 Und.,.lg:ntd bt<<fr.n IrlSOlWl'fIt, o. ll'f'lllal"J 1..1,10 P't or ..g.Mf..... UN.bft 10 p~ III d.btt" Of m&.WI an .................lot lht btnttc 01
tI.d~o/"l 01 adm,l, In wnIirog jl.IrI.~nC"J or UUbili!"f o. '..I~,.lo pay 1\'1 (.tts ;.".f1.1y u Ill')' blCome du., Of ''';1, withln:JO dayt 10 poI'J Clf bond or CUl.""",.. d:uhalll'lI?f juc:lj............Nth.. u."lSIaytd
ptndingl.PP'a1; \lll Und.tSig".d 'IP""" an ;"'1."110 l'f",,"I.I',I.-.<l". ot :.-.a.:.,.~. '":onl<bilily 101 arry UabOl,lin 0I1/'fY maf.nall."" 0I1r"f docu/'..nt UfCI.,td inco""K"..ctl ..I" U'l1 UabiWn 1I
found or clKlI.I.d 10 be ;".,a;id by' court 01 co"'p.l.nllun.c,~,on: t:) ury ;:rc~~ cll.:"c.tS>~"'d lIKom.. th..ubiect of arryanac/'U'n.nI, gamiUlm.nI.lI'W'(ortl.n (l,il\tl'U 'I~I ~"",,n~ Inlfllf'ltitlg
I>gntd by Ol.t'l~; (jJ UlY .",bl1anh&l pitt ollh. P'Op,rry oll..'f\('l'Illirl~' '.....":r :;"O:'-"M~)' &STY gO'o'.rnm.nl&l ~..lnOI'ty; M Und.~gntd u,igntClfoth.fYliullvlsl'.ft.:'t r..mpfllo udgn Of
If","'", &rIYof ,I. t\ghl,lrtl. &rI<I 1"I,rll1 in II'f'/ 0' Ih. Collal.,1.! ~l'Iolo1 th. ;"CI ....~.n C:...."r:1 ct O.&t1~ 19 Ur.d,n.;g,.,.d '..1, to tum,.h I'If1Mcial or oltl,.lnlomll.ticn u B.vlr. ff'I.'" ruscl'ttnPy ,tquf1l: '"'I
IIlh.,. is any cl'l&rlll' ,n U,.C!.n.,,.,,,<:fl orr'Uf1, ;:nncipaf CI'WO"'''' 0' ;:a11I1''''. It ~r. eu.. ...." tI. ...t..(h,' ",,&cc.pl&bl.lo BMIlIn II. .01. d"Clltion; {Ill B"".. in lhl"l.IOI\~lt L~C ;cod ralth ...rei..
01 ,Is '01. <I,'(1I110n. dnff'l.' u.ofln"Cuf' ror Il'fy .u.on ..".,al.O.....r; 01 iel .....e.'" ,,"'4 4.r....~. undll ""'/ Olhll I.g,nm.,,1 Clf irUlf\lm,"1 appl;c.atll.lo" f.",".nling I tT'I.Lll'l".... :c.i9&llCln III'\d Il.I(J\
dl'laull i,nolltm'<loId Wl1".n !tI'g'l.u p,riod p'O"o"d.d in 'ucn 'li,nm.n, or ,"~n.,...."t e, .......d.
REMEDIES
Upon Ihl occun."c. 011. C.'J"'~ tlJ O.anll ,hl.ll hh. 1'0 tunn.. ob1o,;af.0f\,'0 1.,,~,If'(' ....",,, 10 C"d."''J".d hll.",nd.r; (bl all Ul.b.Llin tl'IaIl. allh. optiOn of8.an"~' immlC.a:.ty~ arrd pay&Z)1r,
."d (cl8arl1l mlY I"'C'" ,II flliN ol.nolf u III 'ortn tllI.,n, arty I.Ild .11 "m14'" .....ll.bl.'o O..nlr. und., Ih.' Nol. and ItI. SKlJnty Oocum.nll, ~d..1I rilltlll &t\d '~"'I'd;" ...~I.lo I yndlf at'Pt
I.ppl,c.b:. I.",. InC1uC!i,,'1. ""lnoull,m,lal,on, '1'1' "11"1' 11"'\2 ,.m14'" 011. ..<../I'd ~ .."ell lh. Un,/olm Commllci&l CoJ,J,. Und'tS'll"1'd I'IIt.by fit........ nel.C' Olp''!'\lfllmenl ~f :,1ym.nI, d.mand,
no"p...".,.,,1 or d'stIOnOI, p,ol.". acc.lllal,o" U\d .IJ1 "'"".. 1\011(' 01 ury ~"<I ." co"niKl>O" ....In Ih. d.I;..,.,.. &CUpl"",., d.f.uf! o. .,.,IO'I:,m.nl ot lIli. Nol., &rid h.lley....,.... LI "OllCI 01 r'ght 01
'ppfO'o'al Qf """"'0"1, II"_a.:.. mod,nC"'o", or fO'b.at."C" "".C" ml.y b' ..~.
,
Upon f\t; occurtene. 01.", o.IaaA and !he ~ htMI, &nd upon priot 'fIII'lGtn notkt to UndmJogntd by &.n-.InlMot1 II\aI ~ till en &MU6I r.t 'IlIItIIctt..........,....,. ,",,'"
.. tIIlt aI ~ ~ p<<yablt httIound..., H '" OSItIon ala.".. ,",emt \fIIIf\Ch II not paid.NII 4~ Ih&I be add... to pMclpal.' tnt cl 1M U&fl,djtJn DlInt potUon....... ~.. a.n...;p
peJd In U wtIen ctu.. Bani may. III .. 0Jl00n and MU'lo.A notlCl, 'MIhdr... hm any account 01 UnderWgMd 'IIIIIh 8aN. an IInOunl ~ to IUd\ ow.rd", Il'r'OUnI and 10 IWt adI ."..!1. ...
_.............~
M "vl'ttl ot~ oIs.na...loMor~..II!lng.... ~.N.lth.f"",d.l.y 01' ,...". by ""lil,,1n 'IHdIlng "",of b~powe,.. OI~ "*'IlI\nor tnt parMf or ""'vie .i...
lIwIioflNlllOnlll..,..~ oIhrlghl to ",ICIN Itle UIN 01 any OUl""ghlll."., ot,*lIm. 01 ttol'II CIm<t kllIme I"-Iutl... BafI-. "n04l'1'qultwdlol'MCWtlOtIPf~MCUntyOfpenonelo
~~andlM*" noI a.bftdtoM1~ ~DltqlAMMlCNnfUndefslan.d. 'rnot'IINnOM.MdunongIOfIhem.
CCH'ISSION OPJUDaMINT
UNDERSIGNED HEREav IRREVOCAIlLV AlITliORJZES N<D EMPOYotRS BANK. OV 1m AlJTHORlZED OFFICER, EMPLOVEE OR AGENT, OR av ITS ATTC"~EV, OR BV!liE
, PRO!liONOTARV OR CIERI( OF NlV COURT OF RECORO IN !liE CO......ONWEALTH OF PENNSVlVAlNA OR ElSEWHERE \'MERE PERMITTEO av lJ,W, UPON !liE
OCCURRfNCE OF A OEFAUlT, TO N'PEAA FOR NlO CONFESS JUOO...ENT AGAINST UNDERSIGNEO IN FAVOR OF BANK IN NlV JURlSDICTlON IN \'MICH UNDERSIGNEO
OR 1m OF ITS PROPERTY IS IOCATEO FOR !liE AMOUNT OF 1m OR ALL OF !liE lIAllILmES. TOOETHER v,,!li !liE COSTS OF SUIT N<D Yo1TH ACTlJAL COLUCTlON
COSTS,INCLUOINQ RWONAllLE ATTORNEYS' FEES, v,,!li OR v,,!liOVT OEct.AAATION. v,,!li RELEASE OF ALL ERAORS, v"THOVT STAVOF El<(CVT1ONNlO!liE RlOHT
TO ISSUE Ela:CVT1ON FORTHWITH, NlD FOR oolNG SO !liIS NOTE OR A CC'PV VERlFlEO BV AFFIDAVIT SHALL BE A SUFFICIENT WAAAANT. UNDERS:GNED HEREav
WAIVES NlO REl.EASESALL REUEF FROM NlV NlD ALLN'PlVJSE"'ENT, STAV OR El<(...PTlON lJ,WOF NlV STATE NOW IN FORCE OR HEREINAFTER ENACTED.
UNDERSlGNEO ACl<NOIlUOOES THAT OV AGREEING THAT BN<K MAV CONFESS JUOOMENT HEREUNDER, IT WAIVES !liE RIGHT TO NonCE IN A FAlOR JUOICW.
PIlClCEEOING TO OETERMINE ITS RIGHTS N<O UABIUTIES, NlO UNDERSIGNEO FURTHER ACl<Nov.tEOOES THAT BANK MAV OaTAlN A JUOOMENT AGAINST
UNOERSIGNEO v,,!liOVT UNDERSIGNEO'S PRIOR KNOIVI.EOGE OR CONSENT NlO v"THOUT!liE OPPORTUNITY TO RAISE 1m DEFENSE, SET OFF, COUNTERCI.IJM OR
OIliER ClIJ... UNDERSIGNED MAV HAVE, NlD UNDEMIONED EXPRESSLV WAIVES SUCH RIGHTS AS,Nl EXPUCIT N<D MATERIAL PART OF !liE CONS:OERAnON, !liE
FOREGOING POYotR TO CONFESS JUOOMENT MAV OE EXERCISED AGAINST UNDERSIGNED AT ONE TIME OR AT OIFFERENT TIMES AS BANK El!CTS UNTIL !liE
UAllIUTIES NlE FUll V OISCHARQED,
MISCELlANEOUS
TN IrMIdIIy cl "'1 pot\lon oIlN1 Hat, INI not "'tel th, tlmaInlng ~ at any 1*1 U'ltttol, and In 1M C&H 01."., IUdllrw&lcIlIY, IhlI NoM &hd t. construtd ... a.d'I pcr'OIcn had naI been
n-ted. U.~..4,lmott""'" OM, Ift}o'n!f'f 1Ild.....,altj' 1I.bM, and the I<<m """ef'lign~~' UMd m."" .Idlof Ih. pMIn ..tC\Alng uv. Noel. AI of IN IItTM II'Id ~ oflNt
Not.1mn 10 and.... b&ndIng lIpon the hen, ..ewtOfl, IdmlNsUaJort, auce~ ttpreMn\alNll., 1IC'Jrwn. trvIl... 1M &aIg". of e.N. 1M UndIfSlgMd.
~19 -4 hwoc&bIy ~ the I1gnc 10 IntItpOM M'f def.".. loth.' IhUl ~,ht-otr 0' <<lUnl.rc.Ia.Im of IIf'J "&l1n or d"utptlon In M'f and &I cJlIpucn btl'Wntl Un:tn.igned and ""Il,
...............,.. Hole or under MfoChet agtHmer'IC ~ or hetNI\" ..eabd.
UndenIgNd ~ .... and CGnMntI to 1M ..dvsM ~ of the CcurtI of Common PIta lot M'f""""Y ~ PIN'II)'h'atQ "",",,, Banll hu an otI'Ice I/'td/ot!he \.hied SlaI.. ClIIIrlct
Cout tot lM&IIern 0IItricI cI '.j~-~ Sn M'f Itld all dilpu1:n,IdJCIM ot ptOC'IIdings be"""""n UncllrtJgNd and e..n., ~ WIng hem.Incl"or under M'f othe, 'Vreetnltt OIlntl1tUlng I/'Id
~ ~ to Ml'ke cI pttlC... by CIf1lftH maR, r.tvm teWpl r.qunt1d.1o Und'nlgned as the add,.. bted on th,1ICOt\h 01 &.II. and,. ~ INn OM Uncllf\lgn.d, 1Nf....loIpon tnt'"
hrn IN.I COl'IIUIA..... upon.. oIlh1m,.1dt, htttby appo/ndtlV!h1 ~ ...... ~Iact rot tht PYJIOII ofllf'kl. Hoowwt, Banll" r'IOI pt'Idud.d Il'om bM;1l"I;....1Idon av.u.1t'f cI
Undtn.l;l'IId In IIf'/ ~ In 1M UnII.d Stl.!n or IhWlttmlnVlNd\ Und~ or "'Y 01 hlr ~ II louted.. Und.l1logned I\sl'thlt 89'''' nee to""'" 81ft objecUon In anyll.lCh IldIon Of
~Nhfttallll~OItMlon.unll~
", I~ obIIglldonl and pI'MIoN hMOI.... gowetMd by and C'CltIItIWd In ~1IIliIh the Inl"",,, a... cI the CotnmonrM&Ilh of P"'~_Jf~ MIholA ttfll'llQ 10 corftcI ria.. ptlndpn.
", nocsc... COt'IMntI8nd other convnunk.dons r.qulttd by 01 v'wn Imd" IhII Nol.1hd be In wlIng and ahd be g~n by ,lIher m h.aI\d d.DIoety. " IInI daI mAl (poC.I;e~, PI ttlab6l
awmIg:tc~ co..rltf ldWgn ptlp&Id), or tot lllte.opy or ottl., tn'8M rI.lectonlctt&natnlulon, Ic.ord'ItmedpromPllybyMyc4tT\1t1Y,)dJlpKJftedlnd.8usn 1'1, ""1 and '" dlNltlnlenuand
IN4 be tufndent, In !he ca. of Und.rtlgnld, I ..nlla Iht .",,.lQn of III proprietor, gln.tal p<n" 01 My lIeculto. oIIICI' aI th.addlla on the lICon:ft oIBMIl, &nd.lnthlc.ue d BanIl,.MflIIoIhe
Iddm:I and IZlIr&n oIthI klvI cmelf"~ tM ICcounI oIUnd.rslgned.
.>.:
"~Wt1EJILarl Llnd.,.JgMd haI..eeut!td "'II Nol. the drf and yeat&lllbcw Mftltr'l.
IlCRACJY.UI "...........",_.""1
IlOAAOWER "......-"
K.A. Walker, Inc,
.,.."... N&tM,.any
:~'~''@~~
Tilt.: KennelhA Walker, President
By:
lltl.:
Annt:
Till.:
(Cotpot".SIIoI)
-no:
ow~
'. '",' .' '.
exhibit 0
,....
\.i.I'
'Meridian Bank
Surety Agreement
(Business Purpose Loans Only)
In conalder.lIon 01 a.dil h'(llofor. or h.,.atler by ",,,Idl," Bank, I P,nnaytvanla banking corper.llon rSank1 haYing an otflC'e II ~ Nonh Sixth Sit.." Rudin;, P,nntyfvanlllo
K.A. Walkll, Inc. rsOflOWt".
.c.nn'lh A. Walk" & snln.V E. Walk., rund.rsign.d"]
n".bY Itfevoeably and unconditionally guaranty and b'<<Imt IUllry 10 Bank 10' lh. due and prompt paym.nl and p.rformanc. of a1lth, U,biliU'L Tn. 111m "U&tililiu'lnclud.. all
Iil.tliliti.. 01 8onowtr 10 Sank, whllhe' now ..illing 0' h,'uh., Incur/ld, matured, or unmllulld, dillC'l or tontlng,nl, Joint or s....".I. wh,thll clul,d dil.e:ty or lcqullld by
usignm.nl or Dlh.rwl....lncluding ,II put and fulul. ,avantn 01 '..dvanc.., and any 'It.naion., modlricIUon. 0' IIn,wIJalh".o' and aubatilutlonlth,,,'otj all amounll.dvanced
tv Hanle on b.hall 01 Boftow.r; alllal. chlLl'g.., plnalli" and 011'111 wcn lu. undll any .g,um.nl 01 Borrowlr with Bank; allllabilitiu ~ndudjng P,orn:sional FII. and Coc.. u
r.t"lnaftt' dtllntd) lnculltd by Bank ariling 110m cr "I'l'd 10 .ny hUlldou. malllial, or dangllou.lnvl,onmtnlal condilionl at any IU! p'Optrty ownld or occ.Jpitd by Botrowlr:
and an 0' aank'. call. and txp.n...,lnculI.d In eann.ctlon wiln Int In'oleamlnt and colltctlon 01 the UabitiUu, .nlln" or nol luilI. Inllllulld, and Illnllh" Of nol bankruplcy O'
InlOtvlncy proeudlng. haYI bun Instilulld by 0' .;.inll Borrowl', Including wilnoU1 limitation, IIalOnabl. f... and c:olll ollno,ntyt., app,a1Mf1, acc:ountants. eonaullanll and
ctl'ltf ptoln.lanall rP,afu,ianal F.., and Cart I', II any L1abililiu al, nOI paid at pllfalmld by Bartow" .nln dU"lUbjlct 10 any apptic&bll graee plllad, Unclr&ign.d shall, upon
Bank', d.mand,lm~ldlal'lypIY and p.rform IUch Ulbililin at cau..lh. sam. 10 bl paid and p.rform.d,
Thl amounl or Ihlliability of Undlraign.d h.ltund" shall norucud S tro.lXXJ.OO ~hl -Umh Amounl',If no In..ltlon hll bit" mad. In 111. pr.c:tdlng spICe,
Ct if Ihl word .unllmil.do I, Inllrl.d Ihlltin, Ihl amounl of Ihl Ii.bllity 01 Und.~gn.d h,"und" shall bl unllmil.d.lf Ihl amounl of IhlUabiliry 0' Und.rsign.d hartund.t I.llmil.d,
Und.r&ign.d ag'"lhlllh' amounl of Bortawt"1llabilitill10 B.nk may 110m time 10 lim. ..eaed Ih.limit of Ih.llability of Undersign.d h.llund.t wilhout In any way &If'dlng Ih.
SabililY of UndltJlgned hll.under, and Bank may apply any paym.nl with rlSp,ct to BOf/ow"', UabilitilS 10 Bank to o. on ac:counl of BOIIOWII" Uabililin la E!v\k In wch o,dlllS
B&nk may .I.d. Wh.navlf Ihl Ulbillll.. .xr:l.d Ih. Umil Amount, unl.ss Olhlrwi.. agll.d In w,itlng by Bank,lh, liability of Undersign.d shall bl r.duc:td by sr.;c:h paymlnta only to
tn. axt.nllhalauch paymtnll IIdue.lh. Uabililln bllow lh. Umil Amount. Notwithstanding Ih. Umit Amount, Und.r&ign.d shall pay 10 Bank, upon d.mand, all ccst3 and .xp.n...
ineutltd In connection Wllh Ih. Infotc:tm.nl and coll.ction of U'I' Uabilili... wh.lh.. or nol tuit it Institut.d, and whlth.. o. nol banknrptcy or InIONlnc:y p'CClldingt have blln
Instilut.d by or against Borrow.. 0' U,ldorsign.d,lnc:ludlng, wilhout Iimitalion, Ptoflssional F.IS and Costs. Notwithltandlng th. Urnil Amount, all amoun~ rtcevtlabrl und.r Ihi.
!lJrtty p,g"em.nl which all nol paid upon Bank" demand shall bur Inlernt al an annual ,ai, which shall b. two Pltt.nt rA) Ibov. thl hlgh'st ral. apJ:iieacll 10 any 0' th,
UabiIIU...
.'
Thl gultlnty and aurlty c:ontaln.d htrein I, In absolut. and unconditional. prima,.,., dlllct, conllnulng and fnunldlal. guaranty 0' plymlnt and not 0' colltdil:iIity and sha!1 blvalld
and binding upon Undlrsign.d ttgaldreu ollnv.tidlty,ln.gula'I'Y, d.l.ct or unlnfo'c:tlbiliIY 0' any p,ovision of any doeumtnt 0' Instrumlnllx,eul.d In conntdcn with Ih. Uabilltl..,
CI any clh" obllgallon or .g,ument of Borrow.r or Undlrsign.d, Undlrsign.d h.r.by con"nl and agll' Ihal Bank may al any 11m. or from 11m. 10 tlma In ~k', dlaet.llon and
wrtnout noUce or funh.. eonunlllom UnderJlgn.d, who h.r.by IgIII 10 b, and Itmaln bound upon Ihl, SUltry, nOrw1lhslandlng any IUeh actIon on Bank" pllt: (i) .xt.nd, rlnaw,
modify, am.nd, suppllm.nt or walv. any prOYtaJonl 01 any docum.nl' or Instrumlnts .x.cut.d In connection with any Uabilltl.. or chang. th'lim. of p.ym.nl, INJ/o.th. manntr,
;:Iaee or term. Gl paym.nt 01 thl L1abillll.. or any ltnnal.. IlI.nJlonl or mOdificallon. thello~ Pij IInl. o. comptomlH th. L1&bllillnwllh BOrlower or anyothlt patty, (llij apply any
IUma by ",hom.....r paid or hcwlVII r..llzad 10 any Uabllillll 0' Borrowlllo Bank ,.gltd/.a of !h. Uabllltlll of Borrowlr IImainlng unpaid; (Jv)axcnang.,..ftut. ..II or eomptomiM
any eollal.ra! &leurlng the L1abilitltl; M ...rel.. or ..ftaln from lurtialng any righl..galna Souawer o. Olh'IS,lnc:ludlng Und.r&ign.dj (vIl "lu" 'rem nabilityto Bank any guaranlo,
Of olh., obligor. Bank may In 111 d1serlUon aet on any 0' th. abov.allln ~c:h manner and upon such I.rma u Bank may I" fiL
. UnCl.Blgn.d hl"by walv. (i) promplneu and dillg.nca: [iij noli" of th. ineurtenc. of any L1abililie, by Sorrowtr: [iiij nollet of any adionslakln by Bank or 8cnow.r under any
~QJmenl 0' InsHum.nt ...cuted In connlctlon wilh Ih, Uabiliti.. or any elher .grllm.nl or Instrumenl relating IhllelOj flY) nollce of acc:eplanc:e of Ihis Surtty and of 1111' Ictlon by
B.&nk In r.lianc:t Ihll.on: M pln.nlm.nl. demand of plym.nl, nollce of dishonor or nC'!"!)lyment, p,olest and nollce of prolnt with respect 10 Ihe Uabililie" and aJJ eth.r formalitl.s 01
.....ry kind In conntdion with Ih. enforeemenl of Ihe Uabilitln at of In. obligllionl 01 Underalgned hellund.r. or 01 any olher guarlnlo, 0' other obligor, Ih, emission of o. d.lay In
.nich, but for Ihls p,ovision might c;onS1ilul. grounds for rllieving Undl~5in.d of any obligations heltunderi (Yll any Itqulllm.nt Ihal Bank prol.ct, "OJII, ;:erfeet o. InwI. any
-.aJlity Inl.II'* 0' Ii.n or any p'op.rty lubjlct Iherllo or Ixhaus! any 'Ighl or talll any action agalnll Borro,,",er. any of Und.rslgned, 0' any olher p.rson 0' any c:lweral; (viij nollce or
any .Ildlon by Bank to..n any of Ih. prop.ny mortgaged, aalgn.d or pl.dged u lleu,itylo. any of Ih. L1.bilill..ala public or prival' sal..
Th. Und.rslgned will not Ixerei.. any rlghlt which it may acqui" t:y way of aubrogallon, Indlmnlficallon a, conllibU1lon, by rllsan 01 any paym.nt maCt ~ it hereunder Of
:th.rwi1l, unlil art It Ih. dale on whIch all 0' Ih, L1abUill.. analf havtl bun ulisfied In lull and unlil such time. any such ,Ighls agalnstlh. Bouow" anall bl tully su!:crdlnale In IIln and
:aym.nl to any claim which Ih. Bank now o. h"uh.t hu againtllh. Eerrcw". If any amounllhall b. paid to Ih. Unde~gned on .ceount 01 such sul:ro;aricn. indlmnlncallon 0'
:onl1ibulion al any lima when all ollh. Uabililiu and all eln" .xp.n..a ;uaranlud pursuant hl/eto shall nol haye been paid In full. such amounl snan b. h.ld In ttust tot th. b.nefil or
In. S.nk, ahall b. segregalld from Ih, olhll lunda olin. Uncersigned and Sh.lIlorthwilh b. paid ov,llo Ihe Bank 10 be appll.d In whole or In pin by thl Bani< a;ainS! Ih. UabiliUe..
.nlther maluf.d or unm.tut.d,lf Ih. UndlrsIgnld tnall mait. paym.nllO In. Ban~ 01 all a' any portion of th,liabililies and all of Ihe liabilities &hall bl paid in f\;JI, tn. Bank will, allhl
...M.n ..qut" of th. Und.tsign.d, ,x,cul' and dllivlllo Ih. Und.rsi;nld (wilhoulllcoum,..prlsenlation or wltflnty!lpptoprial. documenls necessaty 10 ,..,.ielnet Ih,ltansfll by
sr.;brogalion to iht Und.tsigned alan Inteltslln Ihe L1.t:llities tnulling frem such paymenl by Ih. Undersigned, such aubrogalion ta b. fully sut:ject and st:tcr:::r:a:.. howIVet,lO Ih,
gank'. rlghl to coUect any olhll amounls Which m.y b. du'lo Ih. Bank by Ins Eorrow.r.
SECURITY
Undarsignet* glanllO Bank, as llculity for Ihe lull and prOmpll'aymer.1 and p.rfolmanc. 01 Undllsigned's obligations hereunder, a securily Inlellstln &:1 mcr.;u. Slcu,ill.. at othll
~'op.ny 01 Undersigned and Ih. ploeeeds Ih'"0f, now 01 hellah.r in In. pcalSsion 0' C\lstody 01, or in transillo, Bank for any purpoltlnc:1uding safe~..;:ir.li, :::lllction. pltdg. Of
::lhllWise, 'ndudlng, wilhoutlimilalion, all depOSIta (whither general or SPltta!1 and aed!ts now a' herealter maintained by Undersigned with Bank and In any c::a;rr.s of Und.rsigntd
againa.t Bank, and Bank may, allls oplion and wilhoul nchte, set oH lo.uld U~e pl.ymenl of any Liabilities, in auch arder as Bank may determin., Ih. balance c! uch such ac:count
.-ith, and IIch claim against Bank. Bank Is deemed 10 ha.illllllcistd slOch 'i;hI er III oH and 10 have made a chalge against any such Ic:eounllmmedi.lery uccn ::'1. OlX\Jnenct 01 a
~Ifaullln Ih. paymenl or perfo,manc. of In. L1abililies,vln IhoUlin such cha,s.ls subsaquenlly made or .nllred by B.nk on its bOOks.
REINSTATEMENT
Th. .H.ctlY.nus ollhis SUIIIY shall conlinue or b. lIinstall:t, as In, ease may be, In Ih. .venl that ilny paymenlllc:eived or credit givln toy Bank it rlu.:rr.ed, disgorged o.
rescind.d II an avoidable pllfe"nce, Imperminibl, sel oH, Ilaudulenl c:onyeyanC1:l or olherwise under any applicable stale or fedelallaw,lnduding laws plna:r.ir.; 10 bankruplcy or
J\solv.nc:y, and Ihis SUlllY ahalllherultll be tnforetaCl1 against Ur.d.rsi!j;r.ld as if such lllU1ned. disgorged or IIsended paymenl or credit had net bun t.et....: or giv.n by Bank,
and whelhar or nol Ban~ relied upon such paymenl or e11C11 or changed ,IS pCSillon IS a ,:onsequenca thereof,
TERMINATION
Thilsullty Shall bt continuing and Sank may continu.:o aCtin IIl1anc. h.r.on unlillhe ItceipI by Bln~ of prior ""linen nOlice 01 revocation from UnC.rsiS'ntc :royided, hown'l,
::\11 such r,Olltl ,hall nolaHect Undersigned's liaclhtiu IS Surely of any LiaCllilitlmcurr.d or based on I.cts arising plior 10 receipt 01 sucn nOliee Of Llabililies .....r.,c:t #l'Ile crllled altar
llC.ipl 01 such nohc. pursuanllO any tonltact anllled '",0 by Barll( pilOt 10 reeelpl 01 sucn nOlice,
CONFESSION OF JUDGMENT
UNDERSIGNED HEREBY IAAEVOCAB~Y AUTHORIZE ANO EMPOWER BANK, BY ANY AUTHORIZED OFFICER, EMP~OYEE OR AOEm, OR BY ITS
~ nORNEY, OR BY THE PROTHONOTARY OR C~ERK OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSY~VANIA OR ELSE....HERE WHERE
'ERMITTED BY lAW, TO APPEAR FOR AND CONFESS JUDGMEm AGAINST UNDERSIGNED IN FAVOR OF BANK IN ANY JURISDICTION IN WHICH
~'~lDERSIGNED, OR ANY OF THEIR PROPERTY IS ~OCATED FOR THE AMOUm OF ANY OR AL~ OF THE LlABIUTIES, TOGETHER WITH THE COSTS OF SUIT
AIlD WITH ACTUAL CO~~ECTION COSTS, INC~UDING REASONABLE AnORNEY'S FEES, WITH OR WITHOUT DEClARATION, WITH RElEASE OF AL~
EAAORS, WITHOUT STAY OF EXECUTION AND THE RIGHT TO ISSUE EXEClJTlON FORTHWITH, AND FOR DOING SO THIS NOTE OR A COpy VERIFIED BY
.\FF1DAVlT SHALL BE A SUFACIEm WAMANT, UNDERSIGNED HEREBY WfWE AND RELEASE AL~ RElIEF FROM ANY AND AL~ APPRAlSE!~ENT, STAY OR
EXEMPTION lAW OF ANY STATE NOW IN FORCE OR HEREINAFTER ENACTED,
I UNDERSIGNED ACKNOWlEDGE THAT BY AGREEING THAT BANK MAY CONFESS JUDGMENT HEREUNDER, THEY WIWE THE RIGHT TO NOTICE IN A
; ?RlOR JUDICIAL PROCEEDING TO DETERMINE THEIR RIGHTS AND LIABIUTIES, AND THEY FURTHER ACKNOWlEDGE THAT BANK. MAY OBTAIN A
I JIJDGMEm AGAINST UNDERSIGNED WITHOUT THEIR PRIOR KNOWlEDGE OR CONSENT AND WITHOUT THE OPPORTUNITY TO RAISE ANY DEFENSE,
; SET OFF, COUmERCLAJM OR OTHER CLAJM UNDERSIGNED MAY HAVE, AND UNDERSIGNED EXPRESS~Y WIWE SUCH RIGHTS AS AN EXPUCIT AND
I MATERIAL PART OF THE CONSIDERATION, THE FOREGOING POWER TO CONFESS JUDGEMEm MAY BE EXERCISED AGAINST ONE OR MORE OF
, UNDERSIGNED AT ONE TIME ORAT DIFFEREm TIMES AS BANK ELECTS UNTI~ THE ~IABIUTIES ARE FU~~ Y DISCHARGED,
MISCELLANEOUS
'00 Iallure 01 d.I,y In ,nIdal"; any right 01 remedy against Und.raigntd tlII.under ahall bt d..mtd I W&Nt, Ih.llo' nor ~H.c1ud. nil IU'c:i.. o' any C"J':If right 0' t.mldy
. .'Iund". No Walvel of anybll.ch 01 any ptovlslon 0' Ihi, SUltry shall b, construed u. waivtl 01 &ny tub..qu.nl b...eh ollh.1 provision 01 01 any oln" provi.on.
All rightl and r.mldl.. h'"und" III cumulativt and nol allllnallv., and Sank may ptoc..d In any Old" against Bo"~'. Und.rllgn.d. or .nyeU'lI' gU&lanlcI cr olh" oblige' 0'
3cno......1nd.bttdn...10 Bank. Thl, SUllty Imbedl.. tn. \!Whol. .grum.nt and und.rJ:Ianding ollh. plrti.. r.lat;.... to the tubJ.et mln.r hll'of. No modifica::cn 0' any proviaion
,..oIlh&l1 b. .n'oralbl. unl.ss In writing and ...cul.d by Und.rslgn.d and .pprov.d and acknowl.dg.d by Bank. Th. Invllldity 01 any ponion 01 thl. SlJllty COIS nol aJf.ct the
rwnalnlng ponlon.. Of any plll th.r.or, and In th, C&SII of anyauch Invalldity,lhi. Sur.tylhlJl b, ccnl!ru.d II illUch panlon hid nOI blln Inun.d, Und.rligntd, d :TIctllhan on" 11.
:o;ntly and IIY'IIanylla.bl. and th.llfm "Und.Blgn.d'"whlnlVlr u..d m.ant Ih. partl..IX.OIl1ng lhl. Sur.ty,
Und.l'1olgn.d InlYOC&bly walv. Ih. right 10 Inllfpose any ~.f.n" (olhlllhan p.ym.nlJ, ..t off or ccunllfcl&im of any n.tIUll or dllalptlon In Illy and .U dil;1.1a t.twt.n any 01
tto..m and BlIllcwhtthlf under thl, SUllty or under any oth.r agr..m.nl h.r'lolor. or h.r.att.r '''CUlld,
Und.fI;!gned In..-oeably .gll' and con..nllo the ,.dum Jutlsdlction 01 the Count 01 Common PI.., '01 In)' county In P.nnlYfvln'a whlf' Bank h., an ortk:8 and/OIlh. Unit.d
'un Ofllrld Court tot the EUI.m Ollftld of P'Mtyfvanlaln any and &II dlapuc... .etlon. 01 plOCI.dlng. b.",".n BAnk and any elth.m, wh.th.r Ill.n; hll.uncllf Dt undll any elh..
t.m.nt 01 undll1aJdng and Inl"t'OClbly agr.. to ..MeII 01 proc:aa by ctnitl.d m~r, IIlurn 'tctipt ,.qu.st.d,IO th.m allh. add"..Uat.d In th. llICOrd, 01 Bank and thai MMe.
m any of th.m "'aft c:on.sl.huc. IIMeII upon all oIlh.m, ..ch, h.r.by .ppolnllng Ih. oth,,(~ Ih.tr anornty.Jn-I.d ror th. purpo.. OIMMCII, Howwtr, Bri ia not predud.d tram
nging an adlon .galn. Und.11Igned In any Jurisdiction In the Unil.d Statu Of .I....."h." In which Und.raIgned or any or lh.lr prop.rty lalocated, Und.raIgn~ !'ur.ner .gr.. nollo
'..~. anyobJtdlon In '"ytueh .dlon or proce.dlng that YC.lnut hi Imptop.r orth.forum I,lnconv.nl.nt.
An I.rm.. obllgailona and provla!ona htl.of Ihaft b. gCYtm.d by and conlUU.d In .ecotdance wilh Iha Inl.tnallh'a or !h. Commonw.a1lh 01 P.nnlYfvaNa. wMout "r.llnce 10
:;:nn.d or Ift'I prtndpl'L
NI notlcn requltld und.r thla SUllty Agr..m.nllh&ll b, In writing and &haft b, glvtn by .ilhtl (i) h.nd d.livery, ~~ nrsl dats mail (polt.g. paid), Oi~ IInatll. OYIrnight eamm.re:aI
:curl" (chllgn pr.pald). or M t.ltcOpy or other m.an. of .I.dlonlc ltanamiaion,lf confirm.d promplly by any olth. m.thod. sp.cdi.d In d.u," (I), ~~ and \iii) 01 Wa ..nl.ne.
,-.d "'all b, IUIIld.nl,ln lh. east or any or Ih. Und.ralgn.d. iI..nllo lh. ,n.nllon ollis propri.tor, g.nlt.1 p.rtner or any .nC1J1lv. omc" It Ih. addtns on II'::I rta:rda 01 B.nk, and
. tIl. cut 01 Bank. If ..nt to lh. addlt.. and ,".ntlon 01 Ih. loan otticlI "Mong Borrawlf'..ccounl,
NI oIlh, I.nn. and prcvlaion. or thl. Surtty Inuit to and II' binding upon Ih. h.irs. ...eutor.. adminil!II10tl, tuC'ClSSOtl, IIpr"eoINn.. 'l(.ivtl'1., We... IIld assign. of
l'Id""gntd, provldtd th'l Und.rsigned snail not assign Ihll.grllm.nl or any righl' or obligation, h.r.und.r wilhout the prio' wrln.n eon..nl 01 BIIlk. All rfliinrs /":."und.r lila/I lnur.
-= lh'IUcc:aDOfI and uslgn. 01 Bank. /
IN Y.1TNESS WHEREOF, Undorslgn.d h.'....cu'.d 'hi. SUlIlyon S' oJ h 13 I '1 ~ )
I I
~'';FlETY pr Indlvfdual2, plnnttlhlp, lIe.)
SURETY pf corpor'llonl
Till.:
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..1I-v~Walker
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Corporal. Nam.
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CORESTATES BANK, N.A.,
successor by merger to
Meridian Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
Plaintiff
vs.
No. 97-1665 civil Term
KENNETH A. WALKER and
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
NOTICE OF DEFENDANT'S RIGHTS
TO: SHELLEY E. WALKER
A judgment in the amount of $339,617.02 has been
entered against you and in favor of the plaintiff without any
prior notice or hearing based on a confession of judgment
contained in a written agreement or other paper allegedly signed
by you. The sheriff may take your money or other property to pay
the judgment at any time after thirty (30) days after the date on
which this notice is served on you.
You may have legal rights to defeat the judgment or to
prevent your money or property from being taken. YOU MUST FILE A
PETITION SEEKING RELIEF FROM THE JUDGMENT AND PRESENT IT TO A
JUDGE WITHIN THIRTY (30) DAYS AFTER THE DATE ON WHICH THIS NOTICE
IS SERVED ON YOU OR YOU MAY LOSE YOUR RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF
YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE
THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL
HELP:
Court Administrator
4th Floor
Cumberland County Courthouse
Carlisle, PA 17013
(717) 240-6200
Dated: April 3, 1997
By
David M. McCanney,
Attorney I.D. No. 7 65
111 North sixth Street
P.O. Box 679
Reading, PA 19603
Attorneys for Core States Bank, N.A.
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and Ms. Walker shall be collectively referred to herein as the
"Defendants."
COUNT I
3. Paragraphs 1 and 2 above are incorporated herein
by reference.
4. On or about FebrlJary 18, 1993 CoreStates made
available to K.A. Walker, Inc. (the "Company") a line of credit
in the maximum principal sum of Twenty-Five Thousand Dollars
($25,000) (as amended, the "First Loan"). The amount of the
First Loan was subsequently amended on June 23, 1994 to increase
the maximum principal amount to One Hundred Eighty-Five Thousand
Dollars ($185,000). The First Loan was further amended on
October 12, 1994 to increase the maximum principal amount to Two
Hundred Thirty-F~ve Thousand Dollars ($235,000).
5, To evidence its obligation to repay the First
Loan, the Company executed and delivered to CoreStates a
promissory note for the First Loan, wherein the Company promised
to pay CoreStates the principal amount of Twenty-Five Thousand
Dollars ($25,000,00) together with interest at the rate set forth
therein (as amended, the "First Note"). The First Note was
subsequently amended on June 23, 1994 to increase the maximum
principal amount to One Hundred Eighty-Five Thousand Dollars
($185,000), The First Note was further amended on October 12,
1994 to increase the maximum principal amount to Two Hundred
Thirty-Five Thousand Dollars ($235,000). A true and correct copy
RDO!l""/01210.6S1
2
of the First Note is attached hereto, marked Exhibit "A," and
incorporated herein by reference.
6. The First Note provides that interest will accrue
on the principal sums advanced at a floating per annum rate equal
to CoreStates' National Commercial Rate plus one and one-half
percent (1.5%).
7, As consideration and inducement for CoreStates to
make the First Loan available to the Company, the Defendants
executed and delivered to CoreStates their Surety Agreement dated
October 12, 1994 (the "First Surety Agreement") whereby the
Defendants unconditionally and irrevocably guaranteed to
CoreStates all amounts due to CoreStates from the Company to a
maximum of $235,000. A true and correct copy of the First Surety
Agreement is attached hereto, marked Exhibit "B" and incorporated
herein by reference,
8. An event of default has occurred under the First
Note and the First Surety Agreement due to nonpayment.
9. As of March 20, 1997, the outstanding principal
balance of the First Surety Agreement was $199,500.00, together
with accrued and unpaid interest in the amount of $2,269,31,
which totals $201,769.31, plus accruing interest at the floating
per annum rate equal to CoreStates National Commercial Rate plus
one and one-half percent (1.5t), plus all costs and expenses
incurred by CoreStates in collecting such amount and any other
ROO/3""/012JO.6sa
3
monies that may become due and payable under the First Surety
Agreement (collectively, the "First Debt") .
10. The First Surety Agreement contains a warrant of
attorney that authorizes CoreStates to appear on behalf of the
Defendants at any time and to confess judgment against the
Defendants for the entire First Debt.
11. Pursuant to the terms of the First Surety
Agreement, the amount due CoreStates as of March 20, 1997 is
$201,769.31 itemized as follows:
Unpaid Principal
Accrued, Unpaid Interest
$199,500,00
$ 2.269.31
$201.769.31
Total
Plus accruing interest on the unpaid principal balance after
March 20, 1997, plus all costs and expenses incurred by
CoreStates in connection with collecting such amount, including,
but not limited to, reasonable attorneys' fees.
12. The First Surety Agreement has not been assigned
nor has judgment been entered upon the First Surety Agreement in
this or any other jurisdiction.
13, The judgment to be entered herein is not being
entered against natural persons in connection with a consumer
credit transaction.
WHEREFORE, plaintiff CoreStates Bank, N.A. prays this
Court to enter judgment against the defendants Kenneth A. Walker
and Shelley E. Walker the amount of $201,769.31 plus accruing
RDO!]""/012JO.'SI
4
I.
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['
interest after March 20, 1997 on the unpaid principal balance at
the per diem rate of $54.03 until judgment is entered and
thereafter at the statutory rate of six percent (6.0%) on the
entire judgment amount until full payment is made, plus all costs
and expenses incurred by CoreStates in collecting such amount,
including, but not limited to, reasonable attorneys' fees.
COUNT II
14. Paragraphs 3 through 13 are incorporated herein by
reference.
15. On or about July 13, 1995 CoreStates loaned to the
Company the principal sum of One Hundred Fifty Thousand Dollars
($150,000.00) (the "Second Loan") .
16. To evidence its obligation to repay the Second
Loan, the Company executed and delivered to CoreStates a
promissory note for the Second Loan, wherein the Defendant
promised to pay CoreStates the principal amount of One Hundred
Fifty Thousand Dollars ($150,000.00) together with interest at
the rate set forth therein (the "Second Note"), A true and
correct copy of the Second Note is attached hereto, marked
Exhibit "C," and incorporated herein by reference.
17. The Second Note provides that interest will accrue
on the principal sums advanced, at a fixed per annum rate of nine
and one-half percent (9,50%).
18. As consideration and inducement for CoreStates to
make the Second Loan available to the Company, the Defendants
RDa!J"'7/012l0.6SI
5
executed and delivered to CoreStates their surety Agreement dated
July 13, 1995 (the "Second Surety Agreement") whereby the
Defendants unconditionally and irrevocably guaranteed to
CoreStates all amounts due to CoreStates from the Company to a
maximum of $150,000. A true and correct copy of the Second
Surety Agreement is attached hereto, marked Exhibit "0," and
incorporated herein by reference.
19. An event of default has occurred under the Second
Note and the Second Surety Agreement due to nonpayment.
20. As of March 20, 1997, the outstanding principal
balance of the Second Surety Agreement was $135,242.19, together
with accrued and unpaid interest in the amount of $2,605.52,
which totals $137,847.71, plus accruing interest at the fixed per
annum rate of nine and one-half percent (9.50%), plus all costs
and expenses incurred by CoreStates in collecting such amount and
any other monies that may become due and payable under the Second
Surety Agreement (collectively, the "Second Debt") ,
21. The Second Surety Agreement contains a warrant of
attorney that authorizes CoreStates to appear on behalf of the
Defendants at any time and to confess judgment against the
Defendants for the entire Second Debt.
RDO/J""lo12l0.658
6
22. Pursuant to the terms of the Second Surety
Agreement, the amount due CoreStates as of March 20, 1997 is
$137,847.71 itemized as follows:
Unpaid Principal
Accrued, Unpaid Interest
$135,242.19
$ 2.605,52
$137,847.71
Total
Plus accruing interest on the unpaid principal balance after
March 20, 1997, plus all costs and expenses incurred by
CoreStates in connection with collecting such amount, including,
but not limited to, reasonable attorneys' fees.
23. The Second Surety Agreement has not been assigned
nor has judgment been entered upon the Second Surety Agreement in
this or any other jurisdiction.
24. The judgment to be entered herein is not being
entered against natural persons in connection with a consumer
credit transaction.
WHEREFORE, plaintiff CoreStates Bank, N.A. prays this
Court to enter judgment against the defendants Kenneth A. Walker
and Shelley E. Walker in the amount of $137,847,71 plus accruing
interest after March 20, 1997 on the unpaid principal balance at
the per diem rate of $35.69 until judgment is entered and
thereafter at the statutory rate of six percent (6.0%) on the
RDO/l"'7/012JO.'SI
7
CORESTATES BANK, N.A.,
successor by merger to Meridian
Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
Plaintiff
vs.
KENNETH A. WALKER AND
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
ENTRY OF JUDGMENT
AND NOW, this day of March, 1997, judgment is
hereby entered in favor of plaintiff, CoreStates Bank, N.A. and
against defendants Kenneth A. Walker and Shelley E. Walker,
jointly and severally in the amount of $339,617.02 as of
March 20, 1997, plus accruing interest on the unpaid principal
balance, plus all costs and expenses incurred by plaintiff in
connection with collecting such amount.
Prothonotary
RDa/J,t"/012JO.'SI
CORESTATES BANK, N.A.,
successor by merger to Meridian
Bank,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
plaintiff
vs.
KENNETH A. WALKER AND
SHELLEY E. WALKER,
Defendants
CONFESSION OF JUDGMENT
AFFIDAVIT PURSUANT TO
PENNSYLVANIA RULE OF CIVIL PROCEDURE 2951
Douglas R. Good, being duly sworn according to law,
deposes and says that he is a Vice President of plaintiff,
CoreStates Bank, N.A., and that this confession of judgment is
not being entered against a natural person in connection with a
consumer credit transaction. Q v
~./~/L-/
as ~~ood .
Vice pI"j7Sident
Sworn to and subscribed before me this
,;15 day of
March, 1997.
;
rJ~:.l:ld! ;;;~.;J
Brune" J ~.:::::":":(I, nOl,:HY Pwb::c I'
Rt'ttlc:~G. ~.l~r~ :.1~:n:'I
My CC,1:'11'S~';:;!1 E (;:":':;'~ J~~e i 2. 20GI) I
Mt:ln~~'. p~r.,;"'~~,,j,I,j ";;:~t,;i.::,J' or I'Iljlarlt!s
RDO!3tt'7/012JO.'SI
il
I
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exhibit A
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Q) Meridian Bank
. Bu.Int..
Promissory Note
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February 18.
25.000.00
,19~
s
FOR VALUE RECEIVED, the UndllSigned, Inlending 10 beleg.lly botJnd, promises 10 pay to the order 01 M.ridlan B.nJ<. the "Bank", al its 35
North Sixlh S"eal oHIc.ln Rndlng, Penn.ylv.ni.. Ihe pnncipal sum 01 Twentv Five Thousand' and 00/100--------------
------------------------------------------------------------:1)olla" payable IS provided btlow, w~h Int",sl
accruing .llhe ralO 01 Meridian Bank I S National Commercial Rate olus 1.50%
per annum unld paid.
InI,I..t may be computed on the basis of (he actual number 01 days in the calendar year dMd.d by :160,
n the mleresl rale sel 'onh above Is re'erenctd to either lhe Bank's National Commercial Rale. Local Comm6rclal Rale or AgrlC\lltlJral Commercial
Rllo, the Undersign.d Ind each Obligor acknowledg. and agree thai (i) such rerelenced ralo is a t10aUng annual rat. of inlerest that Is deslQnaled Irom
lime to time by the Bank as the "Nallonal Commercial Aal.... "Local Commercial Ralo" or "Ag,lcultural Commercial Aat.... u thl cas. may be, and
II used by tho Bank IS a r.ference base WIth tupect to dlrteflnt Inlorlsl 'ales charged 10 bollow,rs: (ii) the tlte of Internt payable hereunde' shall
change sImultaneously Ind aulomallcally upon the Bank's designation of any change In such rer.renCed 'Ite; Ind ~iij the Barlk's determination Ind
designation from Ume to time or the referenced 'lie shall not In any way preclude tho Bank trom mlklng Io.nl to othe, borrowers It a rate which is
hlgh.r or lower than or dirtere"t from the relerenced 'at., .
1. (Single Principal paymenl Loan) Inle,esl on Ihe unpaid principal Is due end payable beginning
,19 _, The full sum of \Il. unpaid prlnclpel.nd Inl"est Is due and pah'blO on
2. (Demand Loan or Credit Availability) Inlerest on lhe unpaid principalls duo and payable mont iy
April I, , 19 ~. The lull sum of tho unpaid principal and Inlere" i. due and payabll on dlmand.
3, (Installmenl Loan) Principal and Inl...sl are duo end pay.ble In _ conseculive Installments 01
each, beginning . 19 _One finaJ payment 0' any rematnir.g unpald principaJ and
...
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b~lnning
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Inler..t I. due and payable on
4. (Principal Plus Inleresl Loan) Interest on 1"8 unpaid principal Is due and payable
. 19 _. t~elher With consecutive
01 S each, beglMlng
together wllh eny remaining principal and Inler.slls due and payabie on
beginning
principallnstanments
$I
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, 19 _. One nnal payment 01 S
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The ""'.~ IPWl (JoIoI a ~l.lal' plymtrol U\ar;1 tQ.I&l1O U'II ;tUII' cf SIS 015.. Cl CI\t I.I'I'O.I'\C clu. en a,..., dvt 411. tOllud'l 'CUIf d\IItil U h p&tDt1 "....,CG'ltf'Wt1. 19'"1, .....""'"'P-I.,.
mere of,....Nn an'lCU'll Ou. on lI.dlell. dll.1I r'lQC tlC_~ to.,,,. eVIA en c' btrOl, fl. 15" UlIt"du 41., 1.1'l1' ilJ"~ ell. Olltl.
COLLATERAL AND LIABILITIES
AI ColIlI,ral (n dtf:ntdllS StCUriry lor Iny Ind a~1 Ulel~lltJ (IS defin~) .nd thl Undersign'd Ind IIch Otlligor (as de~1 gtant I HC'.:t.ty Intff,lt n &I ColllenJ to
thl Bank. Th.l,rm -UaM\lu. inCludes U'I,liltlll.ry 'VldlnctO by U'IIS Nole(u'\clulMg .ny pasl. 'p,nenl, Of Mur. .avances or rtacrvancu, sueS::MlOn$. 'J'llnsionJ, r,new.II,
InI.r,sl. lall chlrgn. penllllu Ind Ius 01 any Ind III !'tpnl and .11 olhlr liabIlities oulSlandmo 10 Ihe Bank 110m th, Und.rSlljntd or Illy Otll"ior (....1\ICtI I.nn sl'I&JI include
thl UnderJic;ln~ Ind all persons OU'lIt'WlS' Ii.bl, lor :1':. p.yrr'r11 01 U'Ils NOll, or Iny r'r'\IW.ls, ..I,nSlOns or moc:lfallOnS Ullrtof). .....I':.~tr :,..mary, secondary. ditl(! or
contlng.nl, /OIn:. IIv,'11 Ot Independenl. now or her,,"er fllSllr.li. C'1.I1 or 10 bKom. due 10, Ot h'ld Ot 10 te ~eld by. Lh. B~NlIOlIU ctM'l1C::::::\lnl ellS .gem tor aneth"r
Of Oth.UI, ....n'ther crulld dittClIy 01 IC(ll.Ii,ed by an~nm,~t c' Clh,rwlse. Th. lun.ndtr ollhls HOI. VIall f\Olaf'ltct lhe "lfhl 01 tl",e aar.. to rl!llt"l Ul. C04lII.r.1 few S\le."
oth.r Ulbilillu, Th. term ~ColI.leral" ~ll.IdlS, .....,ll'C\lt :u':".lla~cn ~y ruson 01 specllIClhon. an "nglbl. and anlano'bl' property 01 ......ry C'ucr,llQn, (inCI.lCrf'19 IlIlCdlbOnl,
subslIll.llions Ind III prOClldllas selloM on l11y U;:.,al,ly "Kwltd C'OCl.lmenl hlC'enclng a Sf(l.Irtly Ot other ,"1.r,,1 in IlvOI oll11t B.r.k, cr new cr l'IeruPler an~, POssfS'
sion 0' CYIIOC:y 01 Of an ItlnSlllo th. Blnk 10f Iny t:l.It;1OSI, 1n(:uC'.no ul.kffOit\Q, cOllealOn. predg., fOllCcounl olin, UnC.,s..,ntoa or U :0 wl'\rCh any 01 t". Unc:.tSlgne<:l
m.y hlvl Iny ngnl or POW". and .....lIllso Includ. l"Iy :tePf~ h.n lCc;w.d al .ny l.m, by the Inlry 01 any Jl.ldlimenl hltll.lrn:lr or tr.. Itr''''11 cl u.c j\lc;m.nl. Th. :llIltlCl
01 Ivery 'CCtll.lnl 01 any Underslgn'd W1Ul, Ind uc~ c!a'r.\ ef .ny Ur.olrs.gned 10.1lnSI, th, B.nll 'IrSIIf'I9 Itom 11m, 10 tlln' IS S1.It::te 10 . ,1'1'1 lno Stc:.lMy lI'II'ul in flvor
01 Ul' B.nk IS seamry lor any and .lIll.eIM". .tIC: II sutrKt 10 III ortlgllnSI any Ind IU ll.b1Itl.eS, .nd !I'l' B.nk ,m.., al ..n., I,r,;, 01 !rem ::m. 10 11m" liltS OpllOn a/"ld
\ Wlln01.l1 nole. appropna" .nd apply loward the paym''':1 el a,.y S\lC~ ll~blbbn.n such o,der as Itle Bal'lll C'llermlnes 1M lIS C:ISCrtl.oe;n :.1'<. :.1llr" :1 .ac:"I s\len lec:lun1 .....,11'1.
, Ind uc!'1 ca,m a9alflSI, ~e B.nll. n. Bank tS C'ff~e<: :0 t':.Iv. ,.,IC,Sed luch "Otll 01 sel ort o1nd 10 h.av' ml(le a C""lie o1lial"'l .ny ",e." ac:.:vro.ll~me-alo1lery uoon Itll
ocC\J"ence 011 a,l'ull ev,,, IhOV9h SuCh cn.ar;e 'S 1'I"..e. cr ,,,,,'t<] on Ihe booU subStQu.nUy bV ItI. B.nk. Th. B.ank hU, :1.11 IS not ;r'!111<: :0. If'.. l'llinl al any 11m. InC
'rom IllTI, 10 I1ml W1lh01.I1 nOllce 10: ('I pltC;" US'lir. Ot :"I"S'II Ir.S NOI. 0' Ih, CoUa",,1 01 .ny por.lOll trot'eel: ltlllr,ns~et .rl:) rts c",n t"ar:-.:r trlll =, ltS nOlT.Il'\H all Ot
any plt1 011'" Coll.ler.l: (CI e.etClse voll1'9 "1it1IS on .ny C:,lalt,ll; (131 noMy .Iny Obhlior on anV Collalerl1 10 m.ke paymlnt C'lr~ry 10 :1:. f.r. clany .tr.ounts Cll.l' Ulereon;
II'Id (.)1111.. conltol olltl. p,oceeds ol.ny Celllleral
INCORPORATION OF SECURITY OOCUMENTS
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nus nol. Sh,lI Ia sl.IbJK1 10 11Ilerms.nd Con~lller.s :1, I".d Ire "cl<:e' "eleol VI~ll to e"Mled 10,11 tl(jnls. 'em I'd,,, Ind btne'l'lS ol.al"Y "'Cr:;'li' 0' ct1'1,t Sf'C'"Ir.1'y c:oc:um.nl
now or p'.VlOl.Isry .."ule<! b., .n., ollh, U(\C'''S'Ii(\~ .r.c et"vlr,d 10 the Banll in c;cnntCflon wrtr'l ''''' crUI10n 01 any 01 Ul. LJltdlllU 011'4 s..c~ "'.or:;a;I or Olt'l" SKl.I'lfy
documenllS inc.otpotaltd by rel"lnce In I"~S noli. SlId fT'er.'Wa;. or other seeunly documenl shl.rl secule p.lytTItnt 01 all III' c:-at;es &roC etr'ltr Illms cve UrIC" trus noli.
in aad,tlOn 10 ptlflClp.lllnd Inl'tlSl. To ItI. ..lll'lt ~trr:l::ea Oy Ia.w, In.s nele moly nol be pltpa'd 'lcePI U at;reN 10 IfI wnling by I~. Blnk,
DEFAULT
Th. occurr.nce ollny ani or mort 01 Ul, 101lowm<; sMIl CtlnSllll.lle a Oel.aull by the Undttsagntd: 1.1 non,plymlnt ollny 01 Ul, UaOoIl!tfS or o1f'fy port.oOn tI'Iertol, .....n.n 1t\C
In Ullf ma.nn., dl.ll. ......tI.ther by Icceltlalton Ot Olner...."; 1:111.11:"''' by lhe Ul'lde's~ned or .1r.y otfler Cel~Ot 10 oOserve or perform ,r.y COVtt':Ir.t, alifHmenl. eonCltlQn at Ilrm
01 any .I9tum,nl. dOCl.lm,nl, monoali' or oltler Stc~r:ry :c<~mtnl "'Cvled by tt1e Und'tSu~ned or .an., o\ner OOllgOt 1/"10 d,llv,'~ :0 tre e.r.1l1f1 Cont';KtlCn .....11" InV 01 the
LJlb,hllts; lei O'eacn Oy an., 01 ~o UnC'ers'f;t"t<! 0' all., etr" Ct1o<;or olany oOhgatJon Ot dl.lfy 10 lIle Ban.; (dl.lny lept.unl.allon Ot ",.rranty.n a.~ r""noal 0' Ol"'e' StoIl,m.nl.
sChldul., certl"calt or Olr-.If documenl el .n.,. UIICtrs,;~foQ Ct .ny 011"0" ObhQOf d.hve,edlo Ih. B.lnk Oy or On .t>th.all01 Ihf Unc.rs1c;r.tc cr .Illy eU'l.' ObhOOt sn.lll ~rov~
10 be raise. mISleading Ot Incompl'l~ .n aMy m.alen.! rfS~; ff" m.arenaJ 'dve'" cnan<J' OCCl.ltS In Ul. hn.lnclo1l condlllOn ollr. Ur.c'fS'lirte 01 any 0\"''' Cblo;or .....no<::'-
is unaccepllbl.IO lIl, Bank.n lis sole d'SC'II.on ~reM :.~~ o:;,..(::.e" rT'Osl 'KtI'Ilty cltSoelostO 10 Ih, D.n. IfI ar:y m.lMIf; V) Ule Ur.cllsl;nf'Cl Ot Iny eU'ltt Ctt.~or ':In, CISSCNU.
bQl.IldallS, merges, tf(ltO.lrltus 01 cealls 10 c.oflC'",C'! C~"IIC"S. or :lrtpa,.. OflnemplS 10 do any olltle 10tf'900r.g; (OlllruSle. or ttc'l'I,r IS 'COConlf'd !et Ihe UflC',rslgnec
or Iny Olh.r OClogor 01 for all or 1 Sl.ItlSI.anll.1 part 0115 Ot :1':.,r OtOOlrty lt1 any Involunlary ptocet(llng, Ot .any eoul'1 NS liken I\IrlSl:oon 01 a.l or any Sl.Ieslanllll ;:.a11 oll~.
ptoperty 01 Ule Unde'SlQnea 0' olher Cbl-..cr IfI .1r.y r:...eh.lfIlar( =rOCH(l:ng, Ot lI'1e Une"SiOned or .ny 01"" OOl'90t r~tS I petlllon or It'lS"I' rei ::e".,.,.olj ;l.Ins.:~:on In banll-
flJplcy or under Iny Slm~.t I.w. sial' 0' 't<:eral. no... et "erea:":e' '11Shr.Q, (If Sl.Ich.l p.ellllOn IS !tied a9.a'(\SI Ino Ur.jtfSlQntd or .ar.y e!t.ef' Cth9Cr. or:l':' Uroders:;~t<: or e''''er
Obl,~o' btcamu Insolvent hOwSOtlver .vld.nced, 0' m._1S In as.sl;nmenllor trot benlit 01 ere-<M,ts or lC'mllS In wnht'911S 01 :roea lfl$OI...,I'("( or .,....bdlry Ot lalll.lte 10 pay .Is
or II'l...rd'Ots lilner..~.,. IS ltl.y O<<:om, due, or 11,11 ""h,n f:"j ca.,s :0 pa., or bond Ot ol/'l.t'tYtSl dlschlt~e Iny 11.I~t;menl or .n.lct\menl ",root." IS 1.I1'\suyed on aODe.I. or 11th,
UndtfS1lined 0' InV Oltler OOhlior .d.."nlses . ~oe'roc; o\Jl 0' tUSln.s.s.' or bQuidallOf'l S.lle, 0' t\oldl 01 pem'hll such a SoIl.; (I'll I". Unc:'~lo\;"flJ Of arry OU'lfr Ot:Io~QI 'lplUIU
an Inlent 10 I'tmlfl"" or revoke tlloonSlbdlry 10' an., ell,... LJICdlllu. Ot del.aulls l.Inder .n.,. Olh,r nole.llir~'n'. lea",It\C,nf\lIl, mot1~a~. Ct ettMja::cn in(.~.:nf"j PutSl.I""
tnerelo, 0' 'ludgm,nllS enlered "gllnSllro UfId,'s~ntd or an., ot1\lr ObllQOf .vlden<:1'"'9 tllher Slnljil.,. or Inl1'1. .t;t;''9.I,a mat.na1 othljiahOn ~e lite<:: ol."tuc."I accele'aln
Of enlttlU \ho hOlder Iherf'OllO .IC1:ele'al, 'fly mllvmy me'eof or teslollls IfI U\t 'orl~luI' by Iho Ut\dlt"lintd or I1ny OU'ler 001'901 01 ItS fIl;,.IS l.Ir'oC:tl any SUCh noli. .I~'Hm.nl.
leUI, Ir"'emut. 01 mCH1g'Q'; II) any prooerty 01 tr.. uno.tSlOned 0111"I'1 olh" OlJ1olJOt beCOmes Ihe sublect 01 any IlUtcf'lmenl, glrl'\lSNT'lenl,/.vy 01 :Jen (unlus 'JP/',s.sty per.
tnlntd In "",ltflg Slgntcl by If'I. Banll;l ~) Iny SlJtlSI.I/':b~ pin olltl. ,,'OPfrty 011'" Undll'1u;ned or any ol"er OOl'9Of is Iu"n Of conderr.nfQ ::ry IItJ QOYtfM\ef\laJ 1U'N>ntf:
(k) trle UndllSlgnOd at any Oltl" OOhgOt as.sl;ns 0' o:'''etw.u Ir.nsh"" at JnemplllO US9" Ot It.1l'lsler, .ny 014S t\ghl. till. and InlettSl In .any ol:roe COlt.altr&l wrtl'lout the
poor 'fIfflnen eonsenl ollh. B.nk; (II In, Undtlsu;/"td or any oll'\er ObllgOf "lls 10 lumSh IIfIMIC,,,J 01 olher InlOnTI.hon U If\t B.nl( m~y tu.son.ably reQl.I,SI: (m) II tnlfl IS
Iny cha/'l9. In the UnaerSlonfod's el an., Olh" OelO<;Ct.J O~tS, p.nt'<lpll awners 01 tw1ne,s as Ul. c.n. moly be "'tI<h LS u~pla~'lo tt'oe all\ll. 1I'I1t.s SO'e CllSCt'llOn or
(nl the Bank. In lJ'I. Itu(I"abl. ana ~ 1.111tl,.erCIH 01 ils S(I/. dlSO,Don deems itself Of lhe CoII.1lcr.11 InSKUre Iaf.ny ruson Y'l'hll$Ocv,r,
The Undt~ and II ObIigotl her,by wINe J)t.Hf\ltNnIlot payment. nota 01 demand. nohC. at nonpayment 01 diShOnOr. prolfll. noc.c:tol ptOlut, and &I /"lChef ~
~ ~ WIth the dtWlt'(. ace.planet, dlllult 0/ ,"'orumm of p.I't'Mnt 01 tNs Notl.and he,eby W&lVI all nohel 01 not!! 01 approval of ~ 1'I1el'\IIOnI. ,.,...,.. modifl.
aOON OIlo1.btllanc.. Yftldl mlY be aJIo....td. Upon the oct'Ufreruol any o.r.un. the pnnopaJ of Ird int'tul'lXI\.led on tI'lil NOII.nd arrv It'ld &I 0U'4'f' l..IablaUtl toQetNt
WlU't calla 01 COI\ec;taOn,lndudlnQ anom,.,..' '"1 01 15"- 01 tM unp&ld prinop&l. ItllmtNdllt'ly due and payable. u if CM urn. hid In the rna I'\atanta been p'yitN II
IUCh lime ~ rtqUinng any rlCOUrM ag''''1 tf'f't OCher penon Of property hb't lot Of HCunng "', Nott 0/ any ocr.., U.bdlb,.. and IN 8&t\k i'l\ly: (.) I._au ItS nghtt
of HI off .. Nt toM: (bl hold II I<<:urt.y any ColI'tttaJ in whICh It'll Ow tlu any Int""1 until the eank I, p.ad II'l ~n: (e) take POlltssiot'l 01 arry CoII.t.ral and If' all 01
I/I'rf p&t1 upon l.tI\at'Igt 01 ,I art'! public: 01 pnvl" sale II tht optlOll of the Bank ".1J'rf CtnI Of 1m.. WIthout aawtf1lllnanl Ot dtmlt'ld upon 01 netIC, to lht Unc:Jll'I'9ned /JI
It'r'f Obligat. all 01 \IId'Iich"1 herlby '.pllnly wIlVed tI"Plluch note' IS Is requirtd by applICAble .'.tul. ard tIMOt be .11V1d. .ilh IN noN on !he PII'I 01 tN e."k 01
II nominH to become tI\I purchlHr .1 arry "~ (unI." plohIMtd by IUlut.) fr.. trom any eqUIty 01 'td.mpbOn and from.. oll'let daimI. t.nd atl.t dtductlnQ .8 ''9&1 and
oth.r llpenlulot mainllin.ng 01 "~ing the Collaltt,land &I11ttOfT'lol'y1' r,", le1;aJ or oth.r ..penses tor cOledJOn. SII. an d~iv.ry. 10 IWY the ,.~. elEN proc:Hds
of !he 11.I. or III., 10 Ply 101 hold as I r.SI/'V' Iglll'\SII thit: Nol. Ind &11 olh.r Uabtbllll: (d) 'ppIy.ny funds 'KI!'Ied other than ttvOUOh diSPOSlllOn 01 COlI'llr,1 under c1ault
Ie) ""rtOl, k'lsud\ ord.r and amounlS II the Bank It'IlIs SoOI. dtSCt1bOn Il\I.J dll.nnll"l', 10 the payment ollh. unpaid pnnopat bal,nc. 01. all la:t\ltd rlllrul on, Ind Iny
COlli k'lcuntd n the coltctlOn of Iny sum due Undlt. trus NOli, inclvdl119 but not Iimltd 10 anom.ys' I.IS; and (e) 'IIft1U any and III r.mKl," when Ih. BIN. m.y U'\In
poueu unde, IN Unilofm Comm.tCI.1 Cod. at .ny oth.t Ipphc..abl.law. regulalJon Of controllIng I~allulhonty,
AI righll Of Itmediu ollh. B.nll; sel fo"n or OlhltwtSl .Ilsllng lit cumulallve. No dillY OIlllluI' by Itt. B&nk Mr.",. In ""OSlng .ny 01 ItS (XIbons, POWIt'S Of' nohlS
011 partial 01 JIl'OI. ...ttiMl conslllules IWllver ot \tI.''Ohl10 'lefOS. the um. Ollny other nghlll.ny Olh.r bm.t orllom lim.la bIN Ih.rlll'ltr, Th. Bank IS nol requited
II) r.1Oft to any pl.l\lCUlllltCUnty 01 persons 10 enloret Plym.nt. and lhe Blnll; is t'IOl SUbiKl to .n)' mll\hlUII"9 rlqUll.menlS Of tq\lltlU .mong lht Und.r.ogned, If mort
Ihan one, aM among Ie 01 tntm and Iny Obhgols.
CONFESSION OF JUDGMENT
Whtlhtr Of not I d.l,u" has ~ned Of' is continuing, !h. Undttsignt<J Ind each Otligor htl.by lulhorill and ,mpow.r 1n.'tOClbly lht ProlhOnOlU)' 01 .ny C1.r'lt. an)'
Bank orfic:tt, .mpbyH Of .g.nl or Iny Inom.y 01 &fly court of tKord 01 P'l"nsytvll\ll Of elstwhere 10 appear for..nd 10 conI. sa ludgmenllg"tlSlltt. UnderslCfntd .nd An)'
ObIigot upon tilhtt ollht lodowlng two b.lIs (th. dl'Cision as 10 which lannul. wi be used lS sol.1y at tl'tt diwIlIOn 01 11\. Not. HoIdtfJ 10 ""I: (.) for ChI r~CI lmount
hereof plus inl.rut .1 U\t Slaled tal.; (b) fOllll .mounts du.. incrudll'lljJ bul nolIItnllKl10 1.1. choItges and inl,,,SI .ccrued II the silled "1. and Iny and III clh".lbtlllle,
U 01 I1t'f lime, past. PI.unt Of lulure. And such conleulan ShIll be W1trl ol.....lIhout dK/l.lallon, wllh COSlS 01 suil. releu. of 'ROf', 'Mlhoul Illy oJ ..,tubOn, with the grealer
of "fiN" peretnt 01 51,000.00 added IS anotn.y's IH, and Ih. Und~ned and uch Obli9Ot also waiv. It.. right 01 W'lquiSl~on on any Ital .stll. tNl INy be Ievltd upon
PO.ll1u&ntIO L.... ptovi.sions heleof, and do hlt.by 'tOIunllnty c:ondlmn the dam. and .uthonll ttLe Prothonollty to Int.t upon Itt. Wnt of E.,ualhOll trlell volunt.ry cond'mt1I.
lion, and tnty further .gtH tNtlt'll".1 ulal. may be sold on a Wtlt 01 EsC\ltion, with a w.rv.r and release 01 all re{i.1 tram ..appraisemenl, Illy Of 'Jemp:JOn loIw. or t\I~S
01 c:oul1. now In lore. or """11'Ier .nacted or adopled,
The Undettigned and ad Obt~lIleknowledgl 0111 by IQtHing lhIt the Bw may conleuludg.menl htleund".1tlty 'W.iot. the ri9hllo nobCt 1ft I pnot judici&I DlOC.edll"lO
II) d.t.nnint ll1.it righlS and Uablllhts. and they funhlt ICllnowlecg. lNlll1. Blnlc, whether or nol . Otl'utl his occ:urred. may obllln I i~ IgllI\St tnt UndttS.g1'lld
and .ach obligor 'WiUlOUllMir priot knowledge 01 tonStnllnd w,thOut the Undersigned Of Iny ObIiQot', oppotIuMy 10 lJise .ny d,'.n", hi ort. eounllftfllm or olhtr Clam
!he Undltligntd Of' It'l'f ObligOf moly have. and Ih. UnderSlQne-d 'nd ury oollgor .Ipressty wllve sueh ",hll as an Nltml PI" 011/'1. CCI\$IC.rabQn, No SI~lt 'lItose 01
",. toregoing warrant and power to conless judgm.nl is de-emrd to t.r/\lusl ttLepower, ""h.ttLel Of' nol any SUCh .nrOH is held by lIt)' court to be mud. vooaabl. 01 Y06d,
but the power lhan conIinu. undimini.shed and ml)' be enrosed lrom bm. 10 lime IS often IS the eank .Iects until II U.bdilllS have betn p.IJd It1 full. The 8ank m.y. ...
Is sol. diw.bon, 'ItrOI. theaulhonty eonla;nt'd hlte.n IglltlSI one or mot. U~.\i;1'Ied ancS.'or Obllgots II one and Iht pm. II.". Of II di1ltf'N fl1nts.
IIISCELLANEOUS
.. My person .mo '1ea.l11S this Noll IS Surety hereby uI'ICond1honalty bef omes SUlery 10 1/'1. Bar.1e 101 the ful and prompt paym.nlwh.n du.. whether by .ccel,I,tion Of
OCherwise. and It aU limes tnereafter, of aU 011l1. U.bllbes. The invalcly ,:)llny por1lOn 01 U1lI NOI. does not Irteel f\e remau"ling poruons, or 111)' pot1lhttfOl. Ind 111 Iht
use 01 any suchlnv.lidily, this NOle is conslNe<:! IS II suCh portIOn had r"')1 be-en inserted, Th' Undersigned. if mot. INn on" .rl foinUy Ifld s.evtt.lry ~bl. and Ih. I.rm
"Undllsingtd" whenev.r used means each 011111 Ulld'I~ntd, All olll'le 'ttms .nd plovislons inure 10 and lit bindll"l9 upon the heirs, 'leculOtl.ldl'TVllSl1II011. SUC.t:tSlOlS.
r.p-uenl&lNtS,IKeWett, trustees .nd Inlgns 01 U'I. plltles,
If any of Iho UabMibes OIlny portion 1l11teol awing 10 tile 81nk is not paid in 1\,,11 when du., ll1e Bank has ttL. righi, II its /XItion .nd Wltt'out nobc.. to WIthdraw trom any
account ot the Undersigned witn the Bank .n IlT1O\Jnl rqulllo suCf1 OVtfCu. .mount and 10 IPply such ImounllO!he p.aymenl oltl'll o'terdue lJabkles.
/IJJ tenns, obligations 1M provisions at. governed by and eonSllUed in aec.ordancl with lhe laws 01 Lh. Cotnn'IonwuMol PeMS~tv."..,
IN WITNESS WHEREOF,Il11 p.tIles, int.nding fa be legally bound heieby, ~ve .xecuted lhis Nale th. dlY If'Id year fitSI above wlin.n,
SURElY:
BORROWER:
VI alIpOrIllon)
(II corporallon)
(Business Nlm.)
K. A. Walker, Inc.
~ (Bu.inusNam.)
BY' ''d~
'Allie: enneth A. Walker, President
By:
Tille:
By:
Title:
By:
Tille:
ATTEST:
LS,
ATTEST:
LS,
Title:
(If lndivlduals, partnership. ele)
Tid.:
(II individuals. partnership, lie)
(Business Nlm.. If InYI
(Businus Name." an~)
L.S,
LS,
LS,
LS,
LS,
LS,
LS,
LS,
LS,
LS,
G. CONFESSION OF JUDGMENT
'.
MAKER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS DANK, BY NN AUTHORIZED OFFICER, EMPLOYEE OR AGENT, OR
BY ITS ATTORNEY, OR BY THE PROTHONOTARY OR CLERK OF NN COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA
OR ELSEWHERE WHERE PERMITTED BY lJ\W, UPON THE OCCURRENCE OF A DEFAULT, TO APPEAR FOR AND CONFESS JUOGMENT
AGAINST MAKER IN FAVOR OF DANK IN NN JURlSDICTlON IN WHICH MAKER OR NN oms PROPERTY IS LOCATED FOR THE AMOUNT
OF /NY OR ALl. OF THE LIABILITIES, TOGETHER WITH THE COSTS OF SUIT AND WITH ACTUAl. COLLECTlON COSTS, INCLUDING
REASONABLE ATTORNEYS' FEES, WITH OR WITHOUT DEClAAATION, WITH RELEASE OF ALl. ERRORS, WITHOUT STAY OF EXECUTION
AND THE RIGHT TO ISSUE EXECUTION FORTHWITH, AND FOR DOING SO THIS NOTE OR A COPY VERIFIED BY AFFlDAVlT SHALl. BE A
SUFFICIENT WN'iWff, MAKER HEREBY WPNES AND RELEASES ALl. REUEF FROM NN AND ALl. APPRAISEMENT, STAY OR
EXEMPTION lJ\W OF /NY STATE Ncm IN FORCE OR HEREINAFTER ENACTED.
MAKER ACKNOWLEDGES THAT BY AGREEING THAT DANK MAY CONFESS JUDGMENT HEREUNDER, IT wmes THE RIGHT TO
NOTICE IN A PRIOR JUDICIAL PROCEEDING TO DETERMINE ITS RIGHTS AND LIABILITIES, AND MAKER FURTHERACKNOWLEOGES THAT
DANK MAY OBTAIN A JUDGMENT AGAINST MAKER WITHOUT MAKER'S PRIOR KNClY<tEDGE OR CONSENT AND VYmiOUT THE
OPPORTUNITY TO RAISE Nf'( DEFENSE, SET OFF, COUNTERClAIM OR OTHER CLAIM MAKER MAY HAVE, AND MAKER EXPRESSLY
wmes SUCH RIGHTS N3 AN EXPUCIT AND MATERIAL PART DF THE CONSIDERATION. THE FOREGOING POWER TO CONFESS
JUDGMENT MAY BE EXERCISED AGAINST MAKER AT ONE TIME OR AT DIFFERENT TIMES AS DANK ELECTS UNTIL THE UABIUTlES ARE
FULLY DISCHARGED,
V/itneu
Anoll:
nuo:
7. All ,oferone.. to thl Nate In dcx:um.nts dellwrod to thl p.y..ln connocllon with the Q.dlt AccomodaUona bolwltn thl Maleo, ond thl
Paye.ihall be doemed roferences to tho Noll u amonded heroin.
e. In all other rospern, the Nalel. horoby rotHled and oonn,mod.
IN WITNESS WHEREOF, tho porU.. heroto hovl Clu...d thl. Amondmontto Proml&sory Nolo to bl duly o..cuted and dollvorod tho day and
yell nISI above wrltlen,
Bor/OWII (If Individual., partnershlpo, etc.) Borrower (If corporaUon)
Bullno.. Namo, H any
KA.Walkl',lnc.
Ccrporstm I'-'L-f/~
By: '/tYa ~
nUe:Koli'nllhA.~~don1 ~ /'
By: "'C~ .
nUe:
An.st:
nUe:
QvV~'
Yiltnes,,:
MERIDIAN BANK
By: Qu'A.... v--5L-
nUe: 4"'-"7 C"'''''v~
SURETIES:
K.nnttn A. Walk,r
sntlley E. Walk"
)0'
Meridian Bank
Amendment to PromIssory Note
THIS AMENDMENT TO
K.A. Walker. Inc.
corporation
PROMISSORY NOTE datld thl Jllh. dlY of o~ rob"..
. 19.2lL. by and belw..n
rMal<.t'). and MERlDWl BANK, I P.nnoytvanll banking oorporadon rPaYOI',
BACKGROUND
On Februarv 18. 199 J . Maker ...cut.d and dlllv"ld to PaY' I III proml..ory noli In thl original prlnclpal amount 01
twenty-five thousand and 00/10D***
Delli" (S 25.000.00
provldl lor changnln thl orlnclpalamount
) (thl 'NoII'), Maker and PIY'I dllltl to em.nd thl Noll to
01 tho Notl.
NaN. THEREFORE, thl partin h""o.lnllndlng to bllegally bound. hlrlby Igrll II follows:
\, Prlncioal, Thl Noto la hereby amend.d .0 thlt the principal amount shill bl two hundtld thlrty.nvl thousand
Ind 00/100'" Dellars (S 2 J 5 . 000. 00 ).
2. Int""t Ratl, From and 1ft"
p'Ylbll It
, Inl"lll on th. unpaid principal balance 01 tho Noll shall bl
3. RaDlvmlnt Tllms.
(a) (SIng II Principal Paymlnl) 1n1".1I on th. unpaid principal II d.lO and plyobll beginning
The full aum 01 the unpaid principal and Inl"eot II dUI and plyabll an
(b) (Oi.counled Time Nole) Th. fullaum Is due and payabloln_daY' on
(e) (Demond Note or Credit Availability) Interest on the unpaid principal Is due and p.yablo beginning
. Th. lull.um ollho unpaid principal and Inlerostls duo Ind payabl. on d.mand.
(d) (In.tallment Noto) Principal and Inlernt aro duo and payable In_ consecutive In.taIlm.nts 01
S each, te91nning . One final payment of any rlmaining unpaJd
principal and Interest is due and payacll on
(e) (Principal Plus Inlorest Loan) Internt en the unpaid principal Is due and payablo
t tc;elher with_Consecutive
$ Ul:h, teginning
S tt'S!ther with any remaining principal and Interest
blginnlng
principal In.taIlm.nt. of
One final payment of
Is due and payable on
4. P,eoavment.
(a) _ II the NOle Is prepaid ler ar.y reason, Ihe Makor .hall pay to the Payee a prepayment privilege fn equal 10
percenl ( %) 01 th. principal amount
prepaid.
(b) _ This Note may be prepaid,ltem ~:me to time, without premium or penalty.
(c) _ MY partial prepayment. cl pr;ncical.hall be in Inlegral mulllpln 01 Thousand 001111.
(! ). sl":all be applied against scheduled payments or principal In the Invelse Old., 01 maturity, and shall not
postpone or ,ed...ce any re;ularly s:heduled payment of principa.l or inlerest.
5. This instrument shall be deemed 10 be a part 01 the NOlI!.
S'a.
:1
r
exhIbit B
au"""""" .'.".' "', "., (~)
~ -. -. , ".- ,'~' ,,~ . . . . ~,
Surety Agreement
(Business Purpose Loans Only)
In conald"aUon 01 aldil h"l\olof' or n.".hll by Mllldlln Banll:, I P.nntyfvania blnking corporalion rSank1 "aving an cHic. II :1S NOf11'l Silth SUIII, ftl&CIing, f.nnaytvanli. 10
K.A. Walker, Inc. rSOllOW.".
K,nnelh A. Walk" & ShelllV E. Walk" rUndtraigntd1
"I'.by illl"t'Oclbly and unc:onaitionaUy gUl/lnry and t1tecmt SUIlt;' 10 Sank 101 Ih. dUI Ind prompt p.ym.nl and p.rlo/mancl 01 aU In, UaClliliu. Tn, '"m -UICllitiu'lnc:ludn all
Ua.bilill.. 0' Bellow" 10 Bank, ""helh., now ..illlng or h.,un" lnculf.d, matur,d, Of unmalU'ld, dillt1 or tcnlingtnl. Joint or ......,.1. "'h.U'l" aul.d c1i,ec:ty Of aequilld by
&.aignmtnt 01 Clh'Milt, Including all p'~ and fuMe advanclI 0' ,udvlnell, and any 111.nlion., mOdilie'lionl 01 ,lntwalaU,.lIof and aublhluliolUln".lor, aa amountlldvlnc,a
by Bank on b,half 01 Boltow'fj .lllal. chargn, p.nallin and 011'111 $Ud'l lit' und" any agr..m.nt 01 Borrow" ..ith Banll; anliablliliu pneluCing Prot.aianaJ F,u and Cosu. as
".r.ina"" d.fin.d) Incurttd by Bank arisina Irom 01 '1IIltd 10 .ny l'\:aurCous mal'lials or dang.roul .nvironm.nlal ~ndilicnl al any ,u' pro~.ny cwn.d 01 oecu~i.d by Ballcw"i
and all 01 Bank'l costs and uptnus, IncuII.d In conn.cticn will'\: In. tnfolCtm.nl and eoll.ction 0111'1. Uabil:lin, wntln" 01 not suill.lnstilultd. IIId ..""1'1,, 01 nel bankluplcy or
lnaoJv.nc:y plottldlngs hav. bltn Institut.d by 01 againl1 BOllow.r. induding wilhoullimilalion. reasonable f.n and costl 01 alloln.Y', applaiM~ ac=unlanls, consultanl. and
oUl.r prof.alonal. rPlo,..sionaJ F.u and COltl'. If any Uabilili.. art nol paid 01 ptrfolm.d by BOllowlI..ht" du.. aubitct 10 any applieabl. ;rlct p.ried, Undl1si;n.d shill. upon
Ban..... d.mand,lmm.dl"tly pay and ptrlolm luen Uabilitiual l:aultlh. urntlo bt paid and p.rfolmtd,
Th. amounl 01 th.Uabiliry 0' Undtralgn.d h"tundll SllaJl nal uee.d S 7.1.5.000.00 (11'1. "llmil Amounl1,II no InMnion hu bun ma~.ln UlI pree.dlng aple.,
01 illh. wOld "unllmiltd" i. Inuntd Ih.t.in, Iht amounl 01 In. ll.t:ility 01 Und.raign.d h".undtr .".11 b. unlimittd. U In. amounl 01 11'11 liability 01 Unctrsi;Md h,"undar I. limit.d,
Und.t1lgn.d agl" thai 11'1. amounl or Bortow,,'s Uabililin 10 Bank m.y from 11m. 10 tlm. Ixc..d th.limil ollh.II.biliry 0' Und"sign.d hlttunC.r withcl..1ln I/IY w.y affecting Ii'll
Il&biliry 0' Und.ralgntd htr.undtr. and Bank may apply any paymtnl wun IUPlc:tIO BOllOw,,',lIabilitln10 B~nk 10 01 on aeeounl or BOllOw"'Sl.!l::ilili.s10 Bank in such ord.r u
Bank may tllct. Whlntvtr Ih.lIlbilillu .xcud Ihllllmil Nnaunr. unl.ss olh.rwi... .grud In wliling by B.nk.lh.li~biljry 01 Undtrsign.d shall C.tt::uad ~ sue., p.ymlnl' only 10
the Ixllnl thai such p.ym.nl' Itdue.th. Uabililln b.low th. Limil AmounL Norwilhllandlng In, L1mil Amounl, Und.n.ign.d shall pay 10 Sank, upon C:tm.ana. all coa:s and l.p.nslS
InOJrltd In conn.dlon wilh 11'1. .nIOfl;.mtnl and eoUtc:tlon elii'll U.biliUu. wl'lllhl1 at nulauit I, In$1iIUlld, and Wh.lh" 01 nol banllruptcy or iNeN.nC'1 preatCing. have bun
Wuli1ul.d by or agalnll BOllow" or Undtrslgntd, Including. withoulllmil.lion, Plof.ssional F.n and COSSI. Narwilhs1.nding Ii'll Umil Ameunr. all .amounts ttcovtt.bl. und" lhis
Sur.ry Agr..mtnl 'Nhicn alt nol paid upon B.nk'l dtmancJ l11a.1 :'"lnl"'U al an annual ,al. wnic:n shill bt two p.tc.nl '~J .Dove tht hi;r:ul ,Il. a;~jjc::a.t:l. to any or tht
U.bilili...
Thl gUllanry Ind SUllry conlaintd h"tln II an absolull and unc:::ndition.'. primary. diltc:t. conlinulng Ind Immtdlat. gUllanry 0' paym.nt and nct c:f c:cl1ec:titility and Ihall b. yalid
and bInding upon Undllslgntd Itgllcrla of invalidily. iI/lgull1iry, C.ltd 0' untntolcubilily of any p,ovislon of any dOtum.nl 0' Ins:trumtnl .uClttd in ~ with Ihl UabiliUu.
01 any Dth.r obllgallon 01 aglum.nl 01 80llOw" 01 Undltsign.d, UnC.rsigntd htl.Dy constnl and .grll 11'1.1 S.n... may al any lim. 01 from lim. 10 time In Bank's dilCf.tion and
without notlc. or runh.r conllnl flom Und"ajgntd. who hlltty a.lu 10 C. and "main bound upon Ihis SUltry. nOlYrilhS!.nding any such aColon cn Banll" pan: (i) '.Itnd. /lntw,
modify. am.nd. suppltmtnt or waive any p,ovisions of Iny dCCUmtnlS or inssrumtnls .llttul.d In conntClion wilh any Uatilili" 01 enang. tnt lim. of paymant. and/et Ih. mlM".
plIC' or 111m. 0' paymtnl of Ih. Uabilili.. 01 Iny r,new.11, t.llnsions 01 mOdilicalionslh"lol; r-i) Ilul. 01 complomise Ih. Uabililin wilh SORa......' CI &flY C1htf pany. r-i~ apply any
~ml by whom...." paid 0' howevtr "Illnd 10 any Uabililin of Borrow.r to Bank Itglldl.ss 0' 11'1. Uab;litiu of eoltowtl r.maining unpaid; flYl tlc:t\l1tgl. laUSt...1I or complomi..
&/IY collal.ralllcuring "" UabiliUn: Ivl t.ltcill or Itflain Irom Ill.rcising arry righl..galnat BOllow., at 011'1.11, Including Und.rsigntd; (vIl Itl.... frem nab~to &nk; any gUllanlal
Of olher obllgo,. Bank may In III dlsa'llon act on Inyol Ul.at:ov. IIlln lUen mlMII and upon suen I,rmlll Bank may ...,il.
Und.tslgned h.r.by waivl (i) promptness and dill;lnCl: (i~ notice cl tht incurttno. of any Uabililles by BOIlOWlfj (iiQ nOlie. 01 any aC1iom lU.n by eank; 01 eO~cwt' undtr any
dOQJm.nl or Instrumtnt I..culed in conn'C1lon with tn. Uat:ililiu 0' any other Igtum.nl or InsUUmtnl "Ialing Ihelllo: rlY) noliel of act'pl4nC8 of thll SUltry and 01 any Icllo" by
8.an1( In ttUanctlherton: Iv) plll'nlm.nl. dtmand 01 paym.nl, notice 01 dishonor or nonpaymenl. prollst and notice el plaltst with IUptel to In. Ua=iliti.... and all oUlII fOlmali,i.. 01
nwty kind In conn'dlon with lht enforcemtnl ollh.lIabilitin Of of Ih, obligaliona 01 Und.tsign.d hettund", O( 01 any Olnll gUlIlJllor 01 othlr C:~'CI. tn. emission of or dtlay In
'tll'tllch. but 'or Ihls provision mlghl constilule grounds fOllllilVlng Uncersignld 01 any obligallons hll.under; I't~ any tequillm.nllhal S.nk prClK:. MC.lr.. ptrftd or Insutl any
ItaJdty Inl".1I or litn or any PIOP'rty .ubjeellhll.lO or 'Ihaus! any right or lak. any IClion against Sortow", anyol Und.rsigntd. or any olhtf ~.rs::n Ot any c:::llaJtral; (vIQ noliC'l 01
.any.I'dlon by Bank 10 ..II any ollh. plOP'ny mongagld, assigned or pl.dgld u ueurlly for any ollhe Uabilillnata public or prival. III.,
Und.rsign.ct glanllo 9anll. as seculity fot 11'1. full and plcm~1 ~aym.nl and p.rfolmance 01 Undersignld's obligalions nttlundet, a seculity in:tfn: in &:1 mer.i... ",curlli.. or olh"
;lrop.fTy 01 Undtrsign.d and thl plOCtldllhlr.ol, now or "",,!':tr in In. ;:ossusion or custody 01, 01 In l..nlillo, O.nlllor any purpou In~L::ifl. sattltu:in., cclrtC1lon, pltdgl or
oth'l'Nlu. Including, wilhoullimitlllon, all dlposilS {wh.lher .tnlral CI s;:lci.tJ and et.dits flOW or hlruher m.inl.in.d ty Undtlalgn.d wilh SII'Ii( ItId In any caims of Undllsigntd
againl1 Bank, and Bank m.y, al ils option and .....ithout r.ctice, sel c:f ~:',Vard lhe plymenl of any Liabilities, in such OICIt as Bank m.y dtlermin., to":. t:a!ar:~ ~, tach such ae:ounl
with. and tlch cfalm against B.nk. Sank Is dumtd 10 h.'" I..rr;;sed u;::'\ fi~"1 of stl olf and 10 havl madt a charg. a;&inEl any such ac:our:t imm.ci'I';y u::cn U..t oC'eUutnCl 0' I
CIIIUII in Ii'll paymenl or performanc. 011"1 Liacilities Iv.n IMCL:iM s:.:c:t tMal;' illucuqutnlly mad. or tnllr.d ty B~nll en ils t:ookl.
REINSTATEMENT
Th. .lfec:1iv.nl$s of this SUI.lY shall conllnul ot b. r.inS:.le::, as IMe case may be, In Ihe evenl Ihal :any p.ym.nl IIceiv.d or ettdil i~/'n :'1 5.r. ;, :1:L;tfl.d. disgorgtd ct
ttscind.d u an avoid.bJ. prt!".ne., Impermiuibl. SlI c:1, flaL;c..:.r.1 c::r.vlylflc:t at oln.twin under any applie03cl. Elalt or "derallaN, ine:..:.r.; 1....'1 :tr:&.n:r.; :0 blflluu~IC'1 Ct
insolvtncy. and Ihis Sur.ty sh.lllhlreatt,1 tt .nlorcucl. a;alnS1l..'nc.rsi;r..d .as if such Illurned, disgorg'd or llsenC'd p.ymtnt at CltCil r:~: :-::: ::un :tc.:v.d cl giv.n by aanll,
and v.h.lh" 01 nol B.nk IIU.d upon luch paym.nt Ot cred:t or e:-..r.;.:: ;IS ;:csiuon as a consequence thereol,
WAIVER OF SUBROGATION
Undlrslgn.d waive any right of subrogation 10 ItI. claims cf Sine a;ainSl Bouowtt, 01 any tight of indemnilicalion or conlr.bullon agains! ar.y c;:~,r ;:trs:n.lf nol'Vti..hl1anaing I\Jch
waiv" of subtogation, any .mounl shall bt paid 10 Unetlslgn.:: cn aC::::L:nt of luch sublogalion. InCemnitic~licn or c::nuil::uUon al any timt Vlrn,n all :1 :r.. Uatllltin and an othl!
..p.nl" guarantetd purluanl hllltO shall not havt :..n pa:: in IL;~I, Iycn amount Ih.all be held in Irust fOl Il'It Ctn.lil 01 S.nk, shall C. s.I.'.;ll.d Item Ih. olhtt lunCI cf
Und"signtd and shall f01'l1'l'/irilh b. paid ovtr 10 Bank 10 :. &:::1..: ,n ',~r.CI' or In part by B.nk againsllhe Liacilitiu, wh.,h.r malultd or unmallOl.e,
TERMINATION
This surtty shall b. cQnlinuing and Bank m.:l.y eonlmu. :~ a~ .n ttl;arc. 1'I,llon unlill". teceipl by Bank 01 pliof wrl11.n nOlie. of IIvacahcn f:::~ I..'nctlll;rta :revid.d. hOWIV.f.
Ih.. suen noliclllh.lI nol .H.c:1 Undersigned'S liaClhhu as SUlelY cf any LiaClliliu incurred 01 bued on la~s arising pllOl 10 IIcelpl 01 slOcn nOllet cr ~!at:lIItlts VlInle!\ """. allltd .In"
IIClipl of luch nOllC. pursuanllO any conltaC1lnltttd inTO ty Sanll ::lIcIIO IIc.,pl 01 such nolic.,
7
"
ONFESSION OF JUDGMENT
UNDERSIGNED HEREBY IRREVOCABLY AUTHORIZE AND EMPOWER BANK, BY ANY AUTHORIZEO OFFICER, EMPLOYEE OR AGENT, OR BY ITS
TTOANEY. OR BY THE PROTHONOTAAY OR CLERK OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE WHERE
EAMlTTEO BY LAW, TO APPEAR FOR AND CONFESS JUDGMENT AGAINST UNDERSIGNED IN FAVOR OF BANK IN 1.W JURlSCICTION IN WHICH
NDERSIGNED, OR ANY OF THEIR PROPERTY IS LOCATEO FOR THE AMOUNT OF ANY OR ALL OF THE LIABILITIES, TOGETHER WITH THE COSTS OF SUIT
..~D WITH ACTUAL COLLECTION COSTS. INCLUDING REASONABLE ATTORNEY'S FEES, WITH OR WITHOUT DECLARATION, WITH RELEASE OF ALL
MORS, WITHOUT STAY OF EXECUTION AND THE RIGHT TO ISSUE EXECUTION FORTHWITH, AND FOR DOING SO THIS NOTE OR A COPY VERIFIED BY
FFlDAVIT SHALL BE A SUFFICIENT WMFWlT. UNDERSIGNED HEAE9Y WANE AND RELEASE ALL RELIEF FROM ANY AND ALL APPRAISEMENT, STAY OR
:<EMPTION LAW OF ANY STATE NOW IN FORCE OR HEREiNAFTER ENACTED,
UNDERSIGNED ACKNOWLEDGE THAT BY AGREEING THAT BANK MAY CONFESS JUDGMENT HEREUNDER, THEY WANF. THE RIGHT TO NOTICE IN A
'A10R JUDICIAL PROCEEDING TO DETERMINE THEIR RIGHTS AND LIABILITiES, AND THEY FURTHER ACKNOWLEDGE THAT BANK, MAY OBTAIN A
UOGMENT AGAINST UNDERSIGNED WITHOUT THEIR PRiOR KNOWLEDGE OR CONSENT AND WITHOUT THE OPPORTUNITY TO RAISE ANY D~FENSE,
ET DFF, COUNTERCLAIM OR OTHER CLAIM UNDERSIGNED MAY HAVE, AND UNDERSIGNED EXPRESSLY WANF. SUCH RIGHTS AS AN EXPLICIT AND
TEAIAL PART OF THE CONSIDERATION. THE FOREGOING POWER TO CONFESS JUDGEMENT MAY BE EXERCISED AGAINST ONE OR MORE OF
'NDERSIGNED AT ONE TIME DR AT DIFFERENT TIMES AS BANK ELECTS UNTIL THE LIABILITIES ME FULLY DISCHARGED.
ISCELLANEOUS
No faftur. ot dlllV In ...,clling any tlghl or remedy IgII"11 Und.rsigned nll.undu shall b. dumed I waiver Ih.tlof nOI pr.elud. Ih. 11lI'c::.s. 0' any Oltltr righl or remedy
,,1Vftd.r. No waNer or any brueh 0' any provision oflni. SUllry ah,rt b. eofU1t\led as. waive' 01 any subsequent btuc:h 01 Ih.1 provision or of any 011':11 prOYitJen.
M righl' and ,.medl.. h.llunder ." cumulative and not all.tnaliv., and Sank mav ptocted In any ordel Iglintl BCIlOW't, Undersigned. or any C11Iar SUI1ar:tot ct olh.r obligor 01
emml',lnd.btedn..,lo Bank. Thi. Sur.ty embodies Ii'll whol, .glum.nl and und.tttanding 01 U,. parties IlI.atin 10 Ih. lubj'd maltl! n,"ol. No mocifiaticn or any provision
tf'tOf ,'uU bl .nfolceabl. unl.ss In writing .nd Iucul.d by Undlrsigned and approved .and aCknowledged by Sank. Tnl invalidity or any panicn cf this Su'r.y Con not ./'fed Ihl
l\g ponlon, 0' any pan Inlf.of. and In Ihl cue or any such Invalidity, this Surety sh.all b. conl!fu.d.. il such portion h.ad nol bun Insen.d. Und.rsi;nK, if morelhan onl,ar.
, ttv and ......,aJfy Uabl. and lhtlltm "Und.rsign.d.wh.nwtl used m.ans In. panil1lxlculing Ihls SUllry.
Und.J'Ilgn.d Ittaweably waive Ihl rig"t 10 Int.rpose any del.ns. 101h.f lhan paym.ntl, .el off Of countttcl.aim 01 any nalur. 0' descriplion In Irrf and all d1spuIts b.rwltln any of
'tm and Bankwhethtf under ll'lls Sur.tyo, und., .nyothtf .graamlnt h.lalololl Of haruhll n,culed.
lndttalgntd Inl"t"Oeably -51r.. and conunllo Ihe .xeuM furlsdidlon 0' the Courts 01 Common Pllu 10' any counry In P.nnsyfvanla 'lfh.1I Bank hu an cffice andlof Ih. UniI.d
"n OlsIrld Court ro, Ute EUllm District of P.nntyfvanl.ln any and &11 dlsputn. .dlonl 0' proCII.dingl blrwetn Bank and any of Ihlm, wh.mtt arising h.,tvndt,or undtf anyolhtf
,~"m.n' 0' under1U1ng and InrtOcably .gl" 10 serviet 01 proetss by "rtifitd mail, f.tum 1Ie.lpl ,.qulst.d, 10 Ih.m .llh. addr.a listtd In th. m:ordl oJ Sank and thai ..rvice
:>on any ollh.m ah&ll constitute "Met upon all ollh.m, nth, hellby .ppoinling Ih. otherls' Iheir .nomly-jn.lad for lh. purpose ollltvic.. HOftWr, Sana is net pr.dudld frcm
~.nglng an adlen agabut Undlrsign.d In any Juriadldlon In Ih. Unit.d Slain or llsewh". In .....hich Undersign.d or any ollheif property b 10Cl.ltd. Un~.rsi!i~td funh" agllt nolla
:.alii any objedJon In aJl'f ItJC.h Iclon or prcc..dlng Ihal ",nUt I. Improper or Ih.lorum b incolWflnlenl,
MI.nn.. obngallon. and pfovisionl hll.of shall b. gavern.d by and cons!rued In .ceordanc. wilh IhelnlllnallaW'S of Ih. Commonwealth 0' F,nnsytval\i&. -Mthout ref.l.netlo
01 law. p,lnclpln.
J,J notle.. fequ!ttd undll thIs SUttly Agttemlnl shall b.ln writing and sh.aJl b. given by lither (il hand delivery, (l~ first class mail (postag. paid), fiUl reliable overnighl commttcial
f (charg.s prtpaid), or flY) lel.copy Of olhtt mUns olelect,onic lIansmission, i' confi'med promplly by .ny ollhe melhods speot'ied In d.ause::s (il, (lij a::d (liij of !his sanl.nca
-,d sh&l1 b. autfici.nl,ln Ih, use 01 any 0' Ihe Undersign.d, il unllO Ihe anlnlion 01 lis p,oprielo" genllal pannll or any executivl ortcet .t ItI, al::erlSs en :.-:. re-::::rds 0' Bank, and
~ht cau 01 Bank. H ..nllo Ih. addt.ss and an.nllon of th.loln officer sarvicing 80llow.r'. accounl,
A.II of th. Ittml and provisions ot Ihls SUttty Inur. 10 and If' binding upon Ih. h.ir., .Jlculo,S" adminill,atOtS, suC':essots, leplIs.nlNIl, ltaiv.rs, :'''w'S:l1I and assigns 0'
"CItflign.d, p,ovid.d thai Und.rsigntd shall nol assign this aglum.nt or any riShlS or obligllions h"eundel wilhoul th. pIiOI wriUen consenl 013.1.1'Ik. AJI riS:'::I n"lunder shall [nutl
Ut. "'CCla:so~ and PSi;n. of Bank.
IN Yw1TNESS YMEAEOF, Und.rsignld hav. exlculed lhis SUlIly on
10/12/94
''':PETY ~llndividuals, p.nnership, 'lc,1
SURETY (II cotpo'alionl
"~'iIln~d~
.n~,~-P'~
h'~I)'E~r-
Corporale Name
By;
Tille:
By;
Title:
AlIeSl:
Tille;
W,ln...; O,,-\...'......-X----
"'L"UI'L1,..,~UI"'_U 10" "tr..Cl.11I @
exhibit C
. _. ~~_.. ~~ _. . _. '. ."..:" ~.... ,.1
. . . ,.
FOR VAUJE RECEIVED. UndetlJogned. h~1ng kI b4 "-'i<f boun:;t. ~ kI
heMg an oIftc... 35 NoI'lh $11th Slt..t. "'adlnt. P.nntytwMla. \h. pMcilW won 01
Promissory Note (BusIness)
:Tv)! 13/ I99J
P't to h ord_ GI ~ ...... ~. . '..w_l-o;". ~ catpenIdon
one hundred filly thousand Ind 00/100 .
CoUan ,.yabl. u pro.ood..:t bI>Of. ...,. I'Uft'Il KC:IlA"Ig II
~Me~ldir;m Bank
$ 150,000,00-
hta!.d
Y.~OXfllltd
P.f annum unbI pa.od.ltIl"nt INA M "",,,,,,,td on 1/'1' oaw olIN KUlal nurno.- 01 a~ In tM w.n4I.I )'''' CIM4t4 br *"
Ith. h"", fal. HtIoM ~"reI.,.."," 10 tlIhet Bv\l(. N&1ion&ol ~ AM., Loc.a.IConvnerd&l R.l'OfAgtkuft~Comm<<daI Ra.I" Und.~ned Kill If' 'J land ~1Nt 1lI-..ch
""..enc..:l nt... alloallng 1Mu-' ,al. oIlnl'fed \h.&I ~ dnigt\&led IY'om tItne \0 DIN by ~u the 'JW1oNJ Comm.fNlR&l.:'IJx.aI~ RtJ.'ot'.&ilI1c\AIoII" c:--c...I ""'.,.u"" cue
""1~. and"\IUd by 8aIU..I ,ef....nc. tal.""", 'npecl\ocltI.'.ntll1l...... tal... clWiedlo ~rr, p~ th.,... oIh.rnt ~ tlef...n:l"lhdcNns''''"~ II"IG ~vpcn
anrch&ng.lnllolChrellf'enCedfllr, atId ll'J IUl:h """"nndlaJ.trIr'/ nel b4 "'" ~ raI. al1IhicIl8Malmun 1o&n'lOod'Ief~
REPAYMENT TERMS
1. ~Je Ptlnclp&l Paymll"lllalllllnl.,,,,, on tn. unpaid pMcip&l iI c1w and ~~
olIN ~ princlfMIand 1rI..nI. ...Iand plfabl.on
...1nnlng
.TNtu....."
1. ptIcounttd Tlm. Not.) Thel'ul turn. due and,.y~ "" _ c-r- on
3. lOem&nd lNt\J ltW.rnI on IN lU'pald pl'\nclp&l b due &lid ~y@l.e
prindpal and h.,....1I dve and ,.yabl. on d.mand.
~......
.TheUlI.Il'nollMloI'lpa.\d
4. p.dl ,t.vaIIabilityJ lrtI.tnt on the ,,"paid principII it due af'od ~ ~Ifnng . ;'he tull WIn olIN
l.I'lPald prtncIpM lII"d lnI"m II due and p->,abHI on . Bank""'Y mua acMnc" and ,..cMIlcn 10 Ul"Idlf11gned &I UndlRigned If"'J noq..- in KCIClfd.ara-n.
and wbjKt SO. UW ptWiion. 01 tN. Ncl. &f\d Il'tf OCh.r &g'"mtntl. cfoa.;mer.u Of IfIll1\ltMntI .ucl.Md In col'll'leCllon helMh and r.t.&led Ihemo, an411f'1'dll"lDOfWo rnc:d'.cIUonI ot""""""
Ih....of and ~U\M'IfOl',~td no-w-. V\&llhe U~'IO .111'f'1d1<Cl 1I\&IN:lt ucl<<f1he princ.ip&l sum ".Ied above and.uct'C'OI'NTIitnl.mmrJl.",,;,...a'1I a.n"1 ~
LP'_ ,....
S
~innlng
on
k1I....... lDanI Prtnclp&l . dve &lid p.IyIbIe
..cn, beoglnnlng
.On.ftnal~ctS
..
conIecuOwe r.uJItneta cI
. Int.,n! on 1he ~"p&Id prindpal .. clio>> and ~
klgethiH trlI\h atPf nm.a1nIng pMdpr.aI atId KCI\oIe'4 n... _ eve and ~
II. pml:aInW1I Lolnl
S 195262
Julvl2000
PMclp&l and 1nl.,1'd .,. d\le &nr:I'
eau.. b~1nning Auou~ 1 1CCc
ply....
n 59 ~ monthtv i"IILIIlmenta 01
. One ftNJ ~nI 01 "'" N1NIning ~ princlpat &I'd n...... " CUe and payabN on
Undenlgned IUIhorizn BIIltIIo dwg. IU d.potl ~ , 101 \h. pr,omene cI pr\rldpaI and/~ hll'nt hettundet. UncI~ IhaJ ~ a :as. ~ charge
equal to!he gluttf ol5... 01 the u"paid amounC of any .chtduled p.ym.nt Of S :~O:. "'"'''_, payme"l cI the .ntlte atnOUnI due on In'/ ciale" nee !'IC.lo..d by BIIltIon sucn u.e..
UAlIILmES
The 111m ~&bilO\In' _Ill' the principal and !nI."", ~.t'lC'I'd 'oy U\it Net. L~4 &.1 olhet UabOIlU... cI UndlBigrwd 10 B&n.Il., ~f hemlnd" 01 otMtWIIt. ~,..,. n!Illt1g Of henaftM
~", tnaluted Of urvn&luftd. dhct Of tornlng'''t., Ieln! c, .w.f&!. M':.d'." C"Ia:t<J ditK'Jy Of acquired by aWgNTl..... Of ClChetMIII',Indud1ng &11 pad and MloIIW ~ CII' :'ec:'4nCn. and 11ft
ulentlonl.., mod;t\catIom Of ttn.walI1h"101 and II.lb.UhA.cnllhlltfcr; &J ~ lCVIJ'.cld by Bi.nk ".ttund" cn behd 01 Unclmiogned; &lI1&t. ctw;n. peNJlin., '"' uw: r;U'.et euch WIN due
und.f 1Nt No(. ~ cthe,.."...r, d 1Wl.w1et tlncJudlnv P,eftnioMt F~ aI\d c..'""C:S. as I':,~,'d.r"'e<l} InC\lntd by O&I\llIltltng!tom ~ 1.la1ed 10 atPfhazut:ous tNllfWtCll'~ .nWvIvnentM
cono.tlonl allSPfre&l PfCP'l"Yowned Of occupied by Und.~n.d; and L1 d ;.u~1 ca and "p,,,," Incuned In cOMKUon..cnIh. .nIofcem."11lld cclSectionollhll ~ ~M'l.""'ot
noc IUlt . lnIVtuttd. and M'I""et 01 net banwplcy 0' InlcMnC"1 p~..c""S' M~ b"n inst.11.l1ed by Cf againd Und'f'ligMd. incluoing. Mlhout lItniWion., fUlot\uw. """ M"'4 c:cs:s 01 &Ilonwys,
apptaIlln. IiCcol.l"latltI. C'CnlulW\11 aI\d oth" prcrenion&l. ('Plermanal F..... ar.: Ccr.I'. A.1 amcunll acfyl1\ctd t1y Bank h.flUncllf on bet'lalt C, Und.nJlil\l'd and'" Cl&/'Wf f....:oQ, and 'I~
Wuned b'f o...nl aI\d Inclucltd In lI'I. U&bOIi\In ..,,&l1 b. du. &f\d payCl. 1,.-:en Ct<':".&t\d. "'11'1 Inl".", al an antIual fal. tIlIt\Och 11'I&I be ft'OO pelum ~ &bc:Iw 1h. 1&:' d "'11"I'II ctI'I.t'IIrIi.. ~~
~". II"Ofn1h. dLl. cI PAym'''' by lJ.IIlllunlll raid In ""'it.
COLLATERAl.
All Coltal.nL1 (u d.n.n1'O) ial",unry ICI the U&%I.liti". Th.lIrm "Cc'la:,tal' rC1.crJ..:t t&tj,bl. IfId Itltlllgibl. p,cp.tTy (i) c1nc:1bed In IrflJ mC"lIlg. CI elhltf ncunty C:X'..r.~ .....AI'aI..., 'ItcVled by
tJnd.~ned In connecticn WIlI'\ tl'I. UUlil.ti" In favo' er eVil' rs.c~r.~1 :OC-_~rr::r.', Ifld (~1 in ..hic" Und.f1i;ned I\u gtatllt<J I srcunty irIlllnt 10 ~I :Uf'luatll. '.:t :.~... ScL ~t"C'~".-d ;,un
BatIk a 'K\Ulry ;mlln1 in..1 mclnte1.. 'lCurilin Ifld Ol".r PlCOIfrl ef U"C,"'S...c L.O:/l. ~~.rdl th"toI, now c, ".tul'let in u... poansicn 01 clon1oc:y el. el in ttaIIs.1 :0. u.C" :f' V"/ cI ill aIF'.r....n Of
aubIJdl&l1et, for' uI.u.ping, CClled.cn, pl.d;. Cf U'r'f atll., r:uf'?Ol' ;"C:l;cr.. fWC,.oCI,1 Lfro.tatiCn. &II c1'PClill (Ywtl'lh.r ll.nllaJ CI 1~l'Cil/l ~ Cl~i1. tlo.. 01 hll'L'\" m&r...,.,..; :y L:"dl~llned..m
Ban, Of any of ita &/folial" Of .uttlidlarin. 1IIc1 in any claim. eft.:nC:'f'Illi"'ec ....r;s:: h/l" cr Inf ef ill a!'Ilia'" otlutNclWi".."d B.allllmay. alibi oplion II'd wfIl'IcI.1t1c:;U. pt:!"!:.:wIld tn. paym'nl
0Il/'t'( Ljabd;l'". in I\,jcn CtC:., as But. m.., d.'.rmltl..I/'1. t.a.:l1\U 01 lie.., c.:.~ .e:Ul'.1.....I", &I'd IICI'I claim against BltI, Of arrycf III atI'i~.I" CflUblicli....K Bat-I" c:...-t'C = _.~ ...,ciud &udt
t\g.... 01... aft aI'Id 10 h... mac:. a crwg. againsl &IT)' IU(l'\ ":':Ul''' U'T'.mIC~''Y l.:-en tII. ocCutllnu cia e.fault (u htftln&fl.. a~ ....n thcU;I'I luen CJ'W";' 'S .":".&.:' , ....-:....-4 cn U'l1 bOCa
lubleql.l.nuy by ~-. B.tlk hu, b"t i1 tlcllim.'.d 10, It'tl I'lli~1 Lllr'f ~",. ':C ":'" :.no.. 10 t.m.. ...Ihcul tlCI;celc: (~ pled~.. _in CllIII'ltf.r ttIi. Not. CI U':. Cc~~"&I Cl L-, :cnicln 1htftCf; ~I
ulMf" IrIlo.1 ownnam. O1:11al cI illncmin.. all CI ary =,&11 c':r. Ce~a:"L: ,~l '1'''''' lI'lll.ng rig"lt on anyCoI1A,.ttJ: [clJ ""',cntrel oIt/'1. ,,'cu.dl oI11'1)'CcIlLlIfat.
OEFAULT
Th. occ,,""u cI &rIy etl. CI mel. el 11'1. 'Cl!c-ng Ind C:"''I'I.11.1'. :.IL: ~t :,... t.'~C:'f1~nld: (~ Nl".paym.nl oIl1'r'fcllh' UIbJOU.... CI any potticnthtttol, 'IIf\.n ar.:.I'I:..... ~......I\"du..Ml.ItI.,
by acut.Ubon Of 011'1."""..; (bl l&du" by Un(l'f'I.~n'd 10 e:UM C, ;I'I'lCrr.1 L-, ="."'UlI, ag'"m.nl, cOl\dltion 0' t.rm eliif)' IljIr..m'nl. doc~m.nt ,)tSKur:l')' Ooc-..m~ UK:..11<Cl &I\d d.'lw,ed by
Undlf1~nld In COMedlCn WIth any cf lh. UatlJ,tin; (cl btUClI t:y ar.v el t.:,..("""~:,,,1I"d ef lily obligllkm 0' duly to C&I1IC {dl Anfrtp,",ntaticn Ot wananf'J' in any ~~ Crt etrolf ~.m.nt. KhI'Gule.
certlfICat. Cf ethll c1ocum.nl d'M'.-d 10 B.nll by CI on t.~..1 cl L:nc:......!il"lC L".a.1 ~rC'rl to b,'lI... milllld""9 01 incompl.t. in IIPf mat.rlaI f"PK'l: (., a mII,nal ....- :'..ar~' OCCUB in IN
ftnanclat cOt\dition el Un<.t1'gn.d wtlich It unAcupl.bl. 10 Bank in '" .e. :~..~en Ftcm !h. condi1ion tr'ClII "unt/)' diWottcl to Bank In MY m&I'VI.r; ;'I Und.f1iit'\ed ::.n. ~ 1Iqu'd&let,
IM/gII. 'l<lt;lI'i,.l. chang" III nam., IIQI C, elh.~.. C::tpo'ln c4 I~~ar-.....'Y &:1 of Jt an.tl 01 ceal.ltO ccr\ducl OP'lfllOotlt, Of pt.".,... Of anlmplllo do IIPf aI "" ~c""li: tgJ altVll.. Of
ree'''''' ia "po"'lld fcr Und'f'I;gn~ Cf fOf al\/~Illtlltal p'" el U pr::-tr-/. :t ',;1".;tf\.!it'rc1 ccmm.,,'" any t)ItIWPlcy CI cIM' l.mitI.t ptOCI9'd~1 UNtil IrflJ inIc""'l"OC"/~. s:.a.:. :t Ird.,a1. Of"""
,"d' p'oc.rd~ II ccmm,l'Icrd agl/nsl Utlo.Rt~"'4 c, UI'l4'I'I.gntd CIC:I'r" ltIt.ClWlll. Of g.nllaUy II/Ilia PI)' CI II 1l'f'lefaUy \II\&ble 10 pay II. d.bt1., Of ma.lln an ................. tOf!he bentfll 01
ct.d,len 0' &dt""l in WlIt""9 :t.lnlolwncycI lnabiliry Ct 1..ll.orllo Ilay 1ft :,c~ i''''~'Y u:llry become du.. cr 1..1. ...Illln X1dayt 10 pkfOf bond c, cltl.tfoit. d;UNI...,..., ~'i~ 'lllf\ich I. u:mayed
pln(l.l'Ig ",,,.al; P"I Und'">li".d up'"ln ItI ;""nllo t'It'I",nat'.Ir.c... :' :'..,L:''';' ,.,:cn"boMy 'Cf.,..., UabiM,.. Of &IT)' mll.nalt.rm cI &If)' docl;,...nt ,ucI.1td", C:I'I'K".<I' ..tl"t Ill. Uab"wnit
""'nd Of dKta"CS to b. ;""'Lid by a cc'"'" cl Cc"'"".nll\/"te.~.cn: Cl ar.y :r:~r":/:1 :':N:lt1~n'd tleccm.. the t\/bjl'd cllrflJ IIUCPllTl.nt.llltTltlnm.nt.!HfClli.n (\oN"' 'I~l =""",,Iled introflting
lI!ined by (Unl,j; Q arry l~bt1lt\hal ,,'" ef 11'1' ptep.flY c' L:"(.",,nrcl a !.I.o." ;I ::~(:'-rt'd ~y IflY gO'f"nm.nl.aJ .1...lllc,.ry; N Ctld.ni.nt<l U'llgns 01 Clr.......... n""'J:~ =' s.-:..mptllo ~n 01
ttlllt/tt, lily cf.ls tlghl,lllI.and Inlll.11 In any cf I~. CCII.IIl&l.....,tle...1 :,... :~C' ~'n C:~lfr.1 cl DIIlIl.; \9 Ur.dln.ign.d '1/1110 fumrln ~ialOf clntt lnfomlalicn aI W.....I)' ~UCt'.&:I'Y ,equnl: ~J
_th." '11flY (hang. ,n Urc.tl;!f".d'l cHiu". :ntIC'Il" CWI""" 01 :at.....". u ~.. :.11" -'1 t.. wl'hch.1 unacullllbl.lo Bill" in III .cl. otICttlicn; Cnl BatI.. in U':' It.uc:r..c... L..c icocl fa4l'lll,'ciu
of ,It 101. d,U/.lton. dHm. 1111" InllCu.. Ic' Illy "..en """lIC_1'; 0' :el ~ .e'''ltrrcl <I'/'unl unt'II &flY Olh" 'ljjIHm.nl Of irtr.rum.nl ","lic.&tlI.IC" tte,,'unt~. 11I.ll...... :~a1lcn &lid 1"'Cl\
dtfaull ilncl """eC.e4 ....''''''1''. li',c'".noel prQ'fltl.d in lucn '9'",,"ltll or ~:"'~"'.nl CI......d.
REMEOIES
Upcn Ih. O(CI.I"I"" cf. C.'.Jult t.JJ 0",1. Ihllol "..... no funh" Cbl~'I'O"1 ~o .c."",. \iNti 10 Ctld'rt.:\Md h"I"nd.r; (bl all U.botiUn 1h&l1. aI tn. cotion of s...-...~. onImec.l:''Y CU. and P'YIblr,
and lei GIIlI. "'.Y ",'(1" .11 "Ii"'1 cf ',I-cl1 u ..I'CM h"..n......,....tI ..I ,.mrc_ I'I'l/Iact, 10 Oltll \/"tI., 1n.1 Ncl'ln(IlI'Ie SecUJlly Docum.nt.. &I'd" ~~hll ~ 'f-ec;" ~1'1o. Uf'ldIt'.",
."pl.Ubl. law. lnc1u<l,"g. ",tllolA li""I.hcn, t". ngntl ....0 "mt'C," ola IK.trc ;.M"'I wnC:lIlI'I. u"Jctm Ccmm"c~ l:.ld.. Unc:'"'9ned h.t.cy........... tl<liU ot ;t"~lm~ ":r :.Y""'n1. tI.rr'II.nd.
nenp.ym.nt Cf dill'lOnQ', plOI'd. acc.l"ahon &lid all ""M" tlChU 01 &IT)' end II'l ccnnKlicn ....Ih 11'1. d"~ry, &eUplane.. d,faun Of .ntClum.nl d t/'Iil NCl.. ~ n.ltey,...alW"l LI tlOtIC. OI,tghl 01
IflPI~"of ..1.n.lOn., ""....aI.. mocMul.o"1 OIfo/b.llanc" wflt(n",ay t. I/~.
,
~ 1M DC'C\I'TIf'lCI 01 M1 0II1iUI and 1M ~..... and upon priof ""*,,, I'ICICkA to Undmlgl'l" by a.na..,...,.....-.aI ~ II an ~,.,. "'*" INI...... perwnI '"' ~
I'M NIl.., k1t.I'nt ~ ,.yt.bl. Ntwnd",141hr1 option 01 ""'''~"" tIIIoc.h" noc paid llItt*' due 11\&I be added 10 ~. ""f oilhi' l.1.&bo&llIn Of ""'....... ~..-Ing" a.n... rwc
pUd ~ U 'IIIt\e" ctu., BMal rMy. III II opOon and ~ neue" ,,&\dIM tom ""f AUOUl'lt 01 UndifVgrwd..." B.wa an AIftOI..W'II ~ to ""''' ownI~ IINM"lII ."., -1Wf a.dI atftO'oI oj 10...
_o/"'_~
u rta- Of ~edI.t of Bani... fot\h or ovw..It. 'I~"'~, N.1Nf '"I ,..., Of I~. bot BaNI. ~ 1.lrdIInt 11ft 01 b ~ pow.rs 01 ~ '*w\, nof '"t,..".. or lingle Ii.,.
'*"'...........~ a-'wfolh~:'I& 10 ..,re'" u... Mtfte or ""'I othef~...... any Dthef DmtI 0I1tOI"l ~.. lItMlN'rt,^lf. &.t\ll. no4 ~w.d"""" "1IPf~ ~Of',....,...
.-..o.~w lMII.noell.ltlf.clla"""~~Of'~M'ICU'oglh:l~n.cl,lmcnIh&nOM.andlll'lOtll.Ofhm.
CQN'ISSION OPJUoa"'EHT
UNDERSIGNED HEREBV IRREVOCABLV Al1THORlZES AND EMPOWERS BANI(, BV ~ AlITHORlZED OFACER, EMPLOVEE OR AOENT, OR BV ITS ATTC"~EY. OR BV THE
. PROTHONOTARV OR CLERK OF ANV COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVAlNA OR ELSE'M1ERE WHERE PElWmED BV V.W, UPON THE
OCCURRENCE OF A DEFAAT, TO Al'PENl FOR ANO CONFESS JUOOMENT AOAlNST UNDERSIGNED IN FAVOR OF BANK IN ~ JURlSOlCTlON IN WHICH UNOERSIGNED
OR Nft OF ITS PROPERTY IS LOCATED FOR THE .......OUNT OF Nft OR ~L OF THE llAlllLlTlES, TOOETHER v.ml THE COSTS OF SUIT AND v.ml ACllJ~ COUECTlON
COSTS,INCI.UDING REASONABLE ATTORNEYS' FEES. \\lTH OR I'.1THOllT DEClARATION. \\lTH RELEASE OF AU. ERRORS, I'.1THOllT STAV OF EXEClITlCN AND THE RlOHT
TO ISSUE EXECUTlON FORTH'MTH, AND FOR OOING SO THIS NOTE OR A COPV VERIFIED BV AFADA'<1T SHAlL BE A SUFFICIENT WAAfW(!. UNCEPSoGNED HEREBV
WAIVES AND RElEASES AU RWEF FROM Nft AND AU.1J'PRAlSEMENT, STAV OR EXEMPTION V.W OF ANV STATE NOWIN FORCE OR HEREIN.AFTER ENACTED,
UNDEIISlGNED ACl<NOv.uOOES THAT BV AOREEING THAT BANK MAV CONFESS JUOOMENT HEREUNOER, IT WAIVES THE RIGHT TO NOncE IN A PPJCR JUOICW-
PROCEEDING TO DETERMINE ITS RIGHTS ANO UAllILlTlES, ANO UNOERSIGNED FURTHER ACI<NOWI.EOOES THAT BANK MAV OBTAlN A JUOOMENT AO"'NST
UNDERSIGNED I'.1THOllT UNOERSIGNEO'S PRIOR I<NO\\\.EOOE OR CONSENT AND I'.1THOllT THE OPPORllJNlTY TO RAISE Nft DEFENSE, SET OFP, COJNrc:RCI.AIM OR
OTHER ClAIM UNDERSIGNEO MAV HAVE, ANO UNDERSIGNEO EXPRESSL V WAIVES SUCH RIGHTS ~,}N EXPUCIT AND MATERIAl. PAA! OF THE CON..<;OEAAnON. THE
FOREGOING POWER TO CONFESS JUOOMENT MAV BE EXERClSEO AOAlNST UNDERSIGNED AT ONE TIME OR AT DiFFERENT TIMES ~ BANK El.!C'TS UNTIl THE
UABILITlES ARE FUll V DISCHARGED.
MISCElLANEOUS
1lM b.IdIy 01 ""f poIUon ol ChIiI Hclc, 11'I'" noI atl'ldlhe Nmalnlng potlJotw. 01 atPf palt VlerteI,lnd WI !he c.u. 01 &r"f IUCh ~~. thiI HeM, aMI bf conlll\Md as' IUCh ~ Nd net ~
~t>d. U.d..4Iw-4.1 men U'I&n OM.".}oWtf Md......., 1&bIe. &I'Id tM term '\Jnd',.;gn", 'IlIhmIwlUUO m'II'lII'kh ofth. p.lI\In ..KUl'"g WI Noe..>>. cIlhel.",. &rod ~ c11t'Y1
Hot,1nurt 10 and aN ~ upon th, heln. ,"KUIC1"" adtNniluauu'l. sut(rtlIOl'1.l'IP",,~ rec,Mn. tnmHt and aalo;l'II eI BMl and UndetUQned.
~ hwoc.&b~~!he ~hllo lnIerpow any def,,,.. (ot,," thAn pcymtmJ. IIt-otr III c.ounl,rdaim 01 any nllutl Of d"ulP'ion In In'f and aI Cllp..tn ~ Unc:~"" and aa"..
1IiI'II4hH.....,lNItfote.,...,.,II'fOCNf'afI~~Of,...,..aft.,..1OMd.
Undemgned ~'R'"'8 and COf'Uf"Ib Iv IN ,.d\.Is.W ~Jon c11he eo...u of Common "-II fot any county In"~ wh". aan. hu an oII'c.II artd/Ol 1M Lhhd SIC. Ckrkt
Cout b 1N-&IIl.", CItCtId 01 PeMl)'Mnla n IIf'/ and.. dbp..(n. aakll'll 01 ~ bttwt9n Und,ralgned and &nil.. whe'.hef atWng hem.nclM Of LInd... ury CIlhM.~ CI' Wld.rta>>rtg and
~ ~ to ~ 01 pronG bycefUl\ed mail. rwtutn ~ r-qunlM.1o Und.n.lgMdIl!he -.ddt9abttod onlt'lt N<.Onf1c1&n1l and,lmor.lhM DMtNettJ;Md.U'wII"'upctlMfcl
hmW\al COl'lIItI&A...Mea upo.,'" oIlh.rn,..tho h.rtby appolnl;lng lhe WIefW a-.H~I&d tOIthII pupoc, eI..Mce. ttor..nw, Banll. not preck.ldtd rrom bt'nging an lIC:ion.gaiftllll "'tel
lktdeNgntd harry ~., 1M Unltd Stat" Of ."noott....lnvotlich Und~ 0I1/T'f cI hW propeorI'fllloe.lstd. Undtnl;Md 1\u1tl... ag'Ht rtCIt>> mu.."., ~ n Inf such eaklnOl
~ 1t\III<<he...""" ~ OftMloNrn.lncotMNene,
U~ obIgCloN and ~heNOf IN gGWfnltd by and CON1tI.N>d 1n~"""lNncllnW"""'oIlN~aahclf'...._t''l'MIa.wCtloUI'''.....-a Ioc:ortldclr....pMdpIn.
I+J ~conMntI andoth,,~ rwqulrtd byOfglwn undlflhil Noltlhd be In ~ andahd be glwn bytM" ~ hMddto,."y,,~ IWtdalmll (poI1I;e;rt1MidJ, A rwl&b'l
~hI ~ ~ ldW5ln pttp&ld), Of M ttlec.opyOf oth,'mt.". d.koc::tonic ltat"miu;on..conftnnedpltlmpl'Vb)'uryclrnflhodllpe(ll'l.d1n """'" A, (101 and (Mit dtf\iluntlnce and
..,.,. be 1UtIkIe......, <<he UH 01 Und'l'Ilgn.d, ,..nlIClIhe &l'Itmion of 1lI~, gill,," p&l'lfl.rOf anyt.ecw... oIfIc,r II the IIddlttS on the rKOt'Cb of ~ &f'd.nlM UR dau... ''''''10''
tddrne and aneralon cllht Ioul omcM llIf'kJng lhe accounl of Und.nlgMd.
..:
w~YtttE:REar, tJndtnJgntd ha ...e<uttdthll Nottlhekf MdY'aI l'nI ~",,"fl'\,
~lI-""'_."'"
IlOAAOW[Il lIe_
~tuH&m'.'any
KA W.lker.lnc.
Corpolll.Ham, "7 /7/J
&r. @AJ~
Till.: Kenneth A Walker, President
By:
Till.;
oMm:
TiU.:
jCorpo/ll.SufJ
"...,,,'"
OUJ~
" ,""",- "
exhibit 0
(1)
i
I " .
I'Merldlan Bank
I
I
Surety Agreement
(Business Purpose Loans Only)
In eon!lid.,allon 01 aldlt htrtlOlcl. 01 h./talt.r bV '-'"leli.n Banll, I P.nntyivlJ'lla banking cotpelallon (SIIIk1 having an oHlce al 35 Nonn Sb1h SUu,. Ra.<<:ir.;, P,nntyfvanlalo
IU.. Wllh', Inc. ("Barlow'f).
.<.nn'lh A. Walker a. Shlll.vE. Walk" nJnd.rsign.d1
"'"by "revoc:ably .nd unC'OndilionaUy gUlllnty and b.t1:Im. SUltry 10 BlIlk 101 In, due and prompt paym.nt and p.l'tormanc. 01 all Ih. Uabilili'L Th. lerm 1.JUiliti,,-lnC:lud.. all
JICIljliu or BO"DWtI 10 B.nle, ",n"n., now ..i'1ln; or h,","" InC1J".d, mllUlld, 01 unmatured, dillc:t 01 cOnllng'"I, Joint or 11."".1, whIther alll,d dlltctly ell acqull.d by
I.aignmtnl or oln........lu, Including ,II p." and 'ulul. advlIlcn 0' fudvlJlcn. and IJ1V 1I1,"lian.. modification. Of IIntwlllln.t.o' .nd substitutions th.llfotj all amountlAdvanced
~ Bank on b.nar, or BOIIOW.': 111111. chltgn. p.nllhn Ind elnllslJcnlu, undlllnv .gtllm.nl 01 BOIIOW., Vtith Bank: a1lllabililin Oncluding Plefnsionll FHs and COdS, u
r..lllnatl., d.,ln.dllncuII.d tly Bank arising 110m Ollllll.d 10 any hUII<=ou, mallliaJs ot dang"oul .nvi/onm.nlll condillona II anv Itat prop.tTy own.d cr oc;-.:!:i.d by BOf,ow.r;
IIld all 0' Bank" COlt, and ..lp.n....lncu".d In conn.cHon .,ilh In. .n'ol~m.nland coll.ctlon 01 thl Uabilitin, ...h.th" or nol auill.ln"Uul.d, and ...hall,,, ct net bankruplcy or
irllONlncy Ploelldlng. h.v. tlun lnllilul.d by 0' .glinlS BOliO.,". inducing withoullimilalion, tllsonabr. fu. and coil. oJ InOlnl)". .pptaill.... aeccunlantJ, c:cnllJllanll and
C'th" pto,..a1onall rPlol..sional F..I Ind eo...,. U anv U.bililin &II nCI paid or p.rfolm.d bV BotloWII .,h.n du.,aubj.ct 10 anv .ppllcabl. S1"ct Plliod, Unc:.rai;n.d thall, upon
Wk', d.mand,lm'!'.dlll.ty pay and p.rfotm IUch L1abiJitill or causelh. urn. 10 b. paid and p.tform.d.
Th. amounl oll~.lIlbility 01 Und.rsiSln.d nlllund" shill nol '.lcud S 150.CXXlOO ~h. "Umh Amounl'. tf no lnllnlon hit bun m.c.ln In. ~r.ctdlng spact,
,," lhl word .unllmil.d' 1,lnlltt.d Ih".in. Ihl amounl olin. Ii.tllity cl Und.rsign.d hll.und.r sn.1I bl unlimil.d. tf Ih. amounl 01 lh.lI.b1lily of Unc.rsi;n.d h'"und,r I, IImilld,
Cnd.rilgn.d agrlllhlllh. .mounl 01 BOllowlI'a U.bilililllO Blnk mav from lim'lo IJml ,xcud thlUmit ollh.lIability af Unde~gn.d hit. under wilnol.l1ln anyv..-ay aII'dlng It,.
:lability of Undltlign.d hlt.und.r. and Banll may apply IllV paym.nt wiln "Sp.dlO BOUawll'. UabiJilies 10 B.nlllo or on lceaunt 01 Bartow,,', UatiJilil1lo ~k in wen ord., u
!Ink mlY II.ef. Wh.nevtr lh, U.biUU.. ,xcI.d Ih. Umil mounl, unlus elh.t'Niu agfted In writlng bV Bank.lh. IIlbilityol Und.rsign.d ahan b. ftducad ty IL;C'\ p.t~.nl' ontylo
ml ex1.nllhallUch p.ym.nll "duc. Ih. U.bilitl" b.low In. Umit Amounl. NotMlhstlnding Ih. Umi1 Amounl, Und.t1ign.d ah.11 pay 10 Bank, upon d.mand, III c:s:s and up.nu.
ir.c:un.d In connicllo" ~llh the .nlolc.m.nl and coll.c1ion olin. Uabililin.. wh.lh., 01 not suil is Instilul.d, and .,h.thtt or nol b.nluuplCY or insclvent"'l Plcct.cingl h.v. bun
Mitut.d by or .ga/nlt Borrow" 01 Unde~gn.d, Including. wilhoU1l1milllion, PloI.ssionat F.es and COliS. Nolwitnltllldlng Ih. Umil Amount, all amounts rtc::\'erabl. undtr lhi.
!UII'Y .Agrllmenl which ar. not paid upon Bank', d.mand shill but ml.rlSl al an annuaJ rail which shall b. two pllcenl (2%) abon th. hlghn! rill ap,;aca=I. ID any or thl
L!abilillu.
I Th. gU&lanty Ind sutety eanl.in.d hlllin Is an .bsolule and uncondilienal, primary, dlllct. cenlinulng .nd Imm.dral. guatantyo' paym.nt and net cf cclltditilhy and ahall b. ,,&IId
III\d binding upon Und.t1ign.d IIgl/dleu ollnvalidily, ill.;ullllly. d.f.ct ar un.nlorcubililyol anVptovision of .ny docum.nt Ot Insllum.nl....M.d in ccMec:lonwith thl U.bilill...
" arry olh., otlllgaUon or agtUm.nl or BOllow.r or Und.l1'ign.d. Undersign.d h.ftby conSlnt and agrll th.1 Bank mlY at any time or "0m lime 10 Um.ln 8anIl'. dllCl'llion and
-.nnout netice or funh.r consent ftom Undltalgned. who nil. by Igrll I~ bl and ttmain bound upon Inia SUltty, norwithstandlng .ny aueh action on Bank', ~an: Ii) .x1.nd, IInew,
modi,.,., &m.nd. IUppl.m.nl Ot waive .ny ptovislon~ of any docum.nts et Ins%tum.nlsll.eutld In coM'dlon wilh anv Uabililin or chang'lh.llm. of p')TT'.nl. at',Ij/or themann",
~llce Ot I"ma 01 p.ym.nt 01 th.1I.billlln 01 any r.newals, ,xl.nsion. or modificallonllh.tlof; ~ij unl. or complomlu the UablJillu wiln Borrowtr or any othu ~&tty: ~lij apply Ill'(
sum, by ...homtvtr pa/d or howwtr r"lIzed 10 any Ulbilillll of Borrowtr 10 Bank r.glldl.a of the Uabllitl" of Borrow., ..mainlng unpaid; (Iv) II~'. r.IUI.I. sail er comptoml..
artV collalllaJ atcuring the UabiliUu; M .xlfclat 0' "fraln Itom u.rt:iling any righls.ga/nct Borrower ot oth.~,lncludlng Und.l'Iignld; foil1 III.....lrom nabititylo eankanygullanlol
ct othet obllgo'. Bank may In fla dTsa.llon ad on any of tn. .bem allln such manntr and upon such Ilfml u Banll may u. rrt.
. UnalBlgnld hlt.by walv. ~J promptness and dillg.net; fiij nOllc. ell!ll Inc:unance of any Uabililln bV Borrow.r, ~iij noUc. 01 any actlona t.kln by Bu'\k cr Ecnowtt undll any
Cocumlnl 01 Instrum.nl Ill.eut.d In connet1lon wilh Ihe Uabllilin 01 ar.y Clner aglt'mlnl 0' Instrum,nl ftratlng lhllelo: rlV) nolice ef acclptance el this ~ur.ty and cl any Idlon by
E.an~ In rtlianc.lh"lon: M pr.unlm.nl, dim and of paym.nt, nOllce ef dishonor 0' nonp.ymenl, ptOI.ct and notlc. or ptel.= wilh resp.ct 10 th. Ua~Wtj... and aJJ cthll fotmalill.sel
rw.ry kind In conn.dion wilh Ihe .nfolcem.nl of In.lIabililin ot ef Ih. Cbll.a1iona er Und.rslgned heteundtt, at of any alher guaranlor et olh" obli~ot. ~e emissicn 01 or d.layln
.nich, bU1 'or Ihis ptovision might conSlilul1 gtoundslc, ItlilVing Unc.tIi.n.d of any obligation. heteundtt; (vl)IIlY IIqull.menllhat Bank P/Oltd. stCJII, ::.~Cl 01 InwII any
tKUlity Inllr.st or lien Ot .ny ptopen'} subjlct th".lo or .xhaust any ri.hl 0' lu. any .ctlon against Borrower, any of Und.rsigned. 01 any olhll p.t1On er any c::ILlmal: (viij nelke ar
1ftY.lldlon by Sank lo..n .nv er Ihl ptOp.rty mong.gtd,assign.d el pledg.d u security 101 any of the U.bilititllll public ot plival. sale.
Th. Undersign.d will nol .urcise any Ilghl' whrch il mlV acquire ey wav or subrogaUon. Ind.mnjficallon at eonltibU1ion, by Ilason 01 .ny plym.nt maC'. ~ it het.undll Ot
.:..,.rwIse. unlil.ra" Ih. dal. on which III of Ihellabilities shan hav. t:un u:istiea In full and unlilsuch lim.. .ny such lighlS agarnst Ihe Boltowtt lI'Lall t. fully :w:ereinale In li.n Ind
.J'1TlenIIO .nV c:Iaim which Ihl Bank now or hlllatltt has Iglinstlhe Eerrowtl,lf .nv amounl shalt b. p.id 10 the Undet1igned on aeeaunl clweh su:te;arlen. indemnificaUon 01
.:nllitlulion.1 anvtiml when all 01 Ih.lIabllities and all elMtt 1I;.nU1 ;~at&nl..d punuanl he"IO sh.lI nOI have been paid In tull, such amounl shaJl!::. h.rd In:n..'1: 10llh. benefit of
'r. B.nk, snail b, Itg"gallld 110m Ihe olher lunds of In. CnC:tlsisr:llc It.a s.r.aJllonhwilh b. paid over 10 Ih. Bank 10 t. appli.d in whole or in pin t:V:hl :Il'\ic lia:nslth. Uabilitl.s,
..nethet malulld or unmlluttd. Illh. Und.rligned snlll mi.. paym.r.l:e :r.e Sank 01 all 01 any ponion ollhlliabililiu .nd all ellhe Llabililin snlrl t. :aid in f\;il. :r.e B.nkwill, Illhe
.fln.n ttqu.st of Ih. Undlllign.d. lIecul. and d.liv" 10 :n. Undeni;r..:: {wlthoul r.t'Out1l, replnenlalion or wlltlntylapproptlal. docum.nts n.ctssary:o evi:.r.ca UlIltll'\sfll bV
Il.::llogllion 10 Ihl Und.rsigned of an Inlell$l in Ihe llacllitin tU~l::n; !::m s:l.'ch paymonl by Ihe Undelsign.d, such sub/egallon 10 be tullV sutj.e ..,d :':::/::::&:'. howevllr.lo lhe
:I/'Ik'. righllo collect any olher amounlswhich may be Cl.:.lo Inl eank :'Ilne ::IIOWtl.
Una.rligned gl:antlo Bank, II s.curily lot the full and ~r::m~:1 paym.~.: ar.c ;erfelmance of Undersigned's obligalions hereunder. . secutilY inl,rer. in aJ :T.cr:n. Slcurilin otetn"
:rop.rty 01 Underslgn.d and Ih. proceeds In.r.er. new Cf n"..~.r ln :~e ;:cssession 0' custody or. or in tlanlillo, Bank lot Iny purpose inclur:in. sa!....:ir.;. :-:.:.c::.ion, plld;e Ot
:!n.rwllt, Including, .,llhoul limilalion, all d'Posllslwn.t1':er s.nllal el s:.c:a.l and cr.dils now at herutl" maintained ty Undersigned wilh Sank ar.d in ar.y c:a;:rs 01 Und.l'li;n,lS
againSl Bank, and Blnk mly. .1 ils option and without netIC', sa! ::H lC.....ltO :r.e p.aymenl 01 any Liabilillu, in such order IS B.nk may d'IIImin., th. ellUlCO c! uen such account
.,In, and ..en ciaim asainn Bank. Bank is dltmed 10 ha',1 ...rcised I:,;C:l ti;r.1 cl SlI ef! and 10 nave made a cha/g. agaInst any such aC'Ctlunl imrr..eill.iy u::n :::. octtJlfence ol.a
:.laullln Ihl paymenl ot perlotmlnce ollhe Uatilitin ,v,n lhou;n sue:"! e:"l";' is subsequenUy made or enleted bV Bank on ils tlooks.
REINSTATEMENT
The .ff.ctiv.nus ollhis Suretv shall conlinue or t. 11'"11.11'0, IS 1M cue may b.. In Ihe evenl that any paym.nl IIceived Ot credit giv.n ty a..r.il is t.~:..::"..d. disgorged or
:esc:ina.d "In avoidabll pIII.llnce. imp.tmis~ibl. hi ::!1. fr"l.:c:,;i.rl c-::n__.yance Of Olhe,..,.,.ise under any applicabll flail Ot fedllallaw,lnc:fudin; '......., ;.r:a.:r.,r-; 10 banktupll:"1 cr
nsolv.ncy, and Ihis SUllty sh.1l1thllutter tI. enfotcuc~. lil:nst L:r::"i;red as II such r,lulned. disgorged or IIscinc.d paym.nl 01 elldil had net :11" r'r:t,.,e: :t given bV B:ank.
Itld whelher or nol Bank "lied upon such paymenl or clte.1 et c~ar;e:: .:s :elollcn IS a consequencllhereel,
TERMINATION
Thi. sur'ly Shill b. conlinUtng and Bank may conllnut :0 le'lln r':II/1C. r.ar.on Unllllnl "cliPI by Bank 01 prior ~Iln.n nolice olllvocalion Irom Ur:r:.rsl;r.c :Icvid.d, he......vlt.
~~llwch nOllce snail nOI aHed Undersigned's Iiaolhllll IS Surely el any LilClIIlIII InCUt/ed at Dued on 'ads arising ptlOl 10 IIceipl 01 JUCn nolic. el LilCllillU ....r.lc:'\ ....r. Cttll.d .ntl
~.c..pl of wcn nOlLc. pursulnllo any conllact .ntelld InlO tv Ban.. :1I0t 10 tlCel!:1 cl sucn nOlice.
ONFESSION OF JUDGMENT
".
UNDERSIGNED HEREBY IRREVOCABLY AUTHORIZE AND EMPOWER BANK, BY AN{ AUTHORIZED OFFICER. EMPLOYEE OR AGEIlT, OR BY rrs
orORNEY, OR BY THE PROTHONOTARY OR CLERK OF AN{ COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE WHERE
"RMmED BY LAW, TO APPEAR FOR ANO CONFESS JUOGMEIlT AGAINST UNDERSIGNED IN FAVOR OF BANK IN AN{ JURISDICTION IN WHICH
NDERSIGNED, OR AN{ OF THEIR PROPERTY IS LOCATED FOR THE AMOUIlT OF AN{ OR ALL OF THE LlABIUTIES, TOGETHER WITH THE COSTS OF SUIT
:,D WITH ACTUAL COLLECTION COSTS, INCLUDING REASONABLE AnORNEY'S FEES, WITH OR WITHOUT DECLARATION, WITH F.ELEASE OF ALL
?.RORS. WITHOUT STAY OF EXECUTION AND THE RIGHT TO ISSUE EXECUTION FORTHWITH, AND FOR DOING SO THIS NOTE OR A COpy VERIFIED BY
i'F1DAVlT SHALL BE A SUFFICIENT WI>J'JWfT, UNDERSIGNED HEREBY WNVE AND RELEASE ALL REUEF FROM AN{ AND ALL APPfWS~AENT, STAY OR
"<EMPTiON LAW OF AN{ STATE NOW IN FORCE OR HEREINAFTER ENACTED.
UNDERSIGNED ACKNOWLEDGE THAT BY AGREEING THAT BANK MAY CONFESS JUDGMENT HEREUNDER. THEY WNVE THE RIGHT TO NOTiCE IN A
R10R JUDICIAL PROCEEDING TO DETERMINE THEiR RIGHTS AND LIABILITIES, AND THEY FURTHER ACKNOWLEDGE THAT BANK. MAY OBTAIN A
:JCGMENT AGAINST UNDERSIGNED WITHOUT THEIR PRiOR KNOWLECGE OR CONSENT AND WITHOUT THE OPPORTUNITY TO fWSE AN{ DEFENSE.
;;r OFF, COUNTERCLAIM OR OTHER CLAIM UNDERSIGNED MAY HAVE, AND UNDERSIGNED EXPRESSLY WNVE SUCH RIGHTS AS AN EXPUCrr AND
'ATERIAL PART OF THE CONSIDERATION. THE FOREGOING POlVER TO CONFESS JUDGEMENT MAY BE EXERCISED AGAINST ONE OR MORE OF
NDERSIGNED AT ONE TIME ORAT DIFFERENT TIMES AS BANK ELECTS UNTIL THE LIABIUTIES ARE FULLY DISCHARGED.
'00 lalJulI or dillY In ,uldalng any right or IImldy I5IllnU Undtrslgn.d tlt,.und" shall b. dllm.d a waNt, 11'1'''01 nor pllcfud. Ul. tUIOM of IIry C".r.u right or IImldy
,'Iund". No waiver 0' any br.ach 01 any prcMalon of Inl, SUllry shall bl CQns!t\.Itd u a waiv., 01 any aubuqu.nt bI,ach 01 Ihat provision 0' 01 any oln" proviSIon.
M r1ghtJ and flm.dlu hf"und., a'. cumulativ, and nol &ll.r"III..... and Bank may proe..d In any o,der .gainst Bcttowtr. Undersign.d, or any 01111' guarJlltor CI cln.. obligor cl
OWI,',lnd.bladn...lo Bank. Thl, Surtry .mbed/..tn. whel. agrum.nl and und'f'lflndlng cltn. panl.. r.la1Ivt to tn. subJ.ct man., h.r.o', No moc:if.ca:cn e' any provilion
or Ih&U b. .n'orcubl. unl.a In writing and .u~l.d by Und.t1lgn.d and approv.d and .cknowl.dg.d by Bank. Th.lnvalldity 01 any ponicn cf this Slot.:y c:::u nol aff.d [h.
a1nlng portion.. Of any partlh.f.O', .nd In Ih. cas. 0' anyweh Invalidity, this SUllry shIll b. constru.d AS ilauch portion had nOI bun Ins.en.d, Und.~;ntd, 'j :r.ct.lhan on., It.
and ......,ally UabI. and In. term "Und.raIgn.d'" wh.n..,.t uSld m'lN the paniu .ucuting Ihi, SUI.ry,
Und'rWgn.d Inevoeably waive Iho frghllo Inltrpo.. any d.f.n.. (olh., lNn paym.nl),"1 off 01 count.td&im 01 any n.aIUf. Of dna/plion In illY IlId aU C~1a e'M.n any or
.m and Bante wh.ther und., \hI. Surtty or und., any olh.r .Qlum.nl herlloto" or h.rull., lutul.d.
!nd.ralgned Inl'YOelbly .gr.. and con..nl to \h. "dUM Jurildlcrlon of the Coutts 0' Common PI. as lor any counry In P.nnsytvanl. whit. Bank has an olfa 1/'IIJ/00lhl U"il.d
'1 Dilttld Court 10, \h. E...m Olarlct of P.nntylvanialn lIlY and &11 disputn. adonl at ploc..ding. b.twe.n BAnk and any of In.m, wh.th., &riling htltunCw Ct undll any D1h.r
'tlnant 01 und.rta)Jng and Irrevocably agll' 10 ..Mct 0' precIII' by caniftflS mail. ,.turn rIQlpl ,.quald, 10 th.m 11th. .ddr.a lIa.d [n the ,tCCtd. d Bank and thai "M~
n any of th.m ah&ll c:onslllut. ..rviet upon all 0' Ih.m, tach, h'"by .ppointlng the o1htrlallh.lr attorn.y-tn-lact lor the pUtpo.. of ..Mot, HOWt'tIr, 8&1'Jl; is net prtdud.d from
g!ng an aetlon .galrm Und.rslgn.d In any lurlldletlon In the Unil.d StaJn or .ISfth.t.1n which Und.raign.d Of any 01 Ih.ir ptOplrty 1.local.d. Und.f'Ii;n.e !\u"J\tt .9ru nOllo
"I arryobJtctlon In anylUd1actlon or ptoe..dlng thai \'tnu. is Improplltor the Iorum Is Inconv.ni.nt.
oM lenna, obligation. and providons h".o' shall b. gowm.d by and c:onsUu.d In accotdance wilh Ihalnl.rnallftw 0' tn. Commonw.alth of P.nntyfvanla...uncut t,'".nee 10
'rl1ict 01 lIwI: prlndpltl,
M notices reqult.d undtf lhla Surety Agrum.nt WlI b.1n writing and INn tI. gNln by lith" V) hand dllivt:ry, Oij ftrst dus mail (post..g. pald), Oiij rellaCI. CMmiQhl comm";:l!
.uritr (ctwgn prepaJd), or (Iv) 111.copy or other m.ans o'.I.d,onic transmission, If confirmed promptly by any oIlha m.thod. .p.afi.d In dausa N, (ii) and \ii) cf thi. sanl.nee
~ shalt b. auffld.nt,1n the ease 0' any 0' Ih. Underaipn.d, if senllo Ih. an. nile" 01 hs propri.tor, gln.tal pann" or any lueutN' offic.r at lha Iddln. en L~. rt':Cr.:. ot Sank,lInd
.. CUI 01 Bank, lI..nl 10 Ih. addlta and an.ntlon 01 thaloan officar s.tt'Vicng 80trOWII'. accounl.
.I of the t.rms and provision. 0' this Sur.ty Inur. to and at. bindir.; u~cn th. h.ir., .Xlculora. administlllors, auCCUSOtl, ltpr...nIN.s, 'tC.N.tI, :Ne.u and a.s:sign. cl
IBlgn.d, ptovld.d thai Und.rslgned shall nol assISln Ihls .grttm.nt or V\Y rQtl1S cr obllglllona heltund" Mlhoutlh. priot Wlln.n con..nl e' eank. All ri~nl'1 ::,flund.t 111111 inult
~'\. aucaaot1 and u:slgna of Bank. /
I/lWITNESSWHEREOF, Undll~gn.d hi" "'""l.d 'hi, Sure'Yon S" J I.., 13 r 1 'i )
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SURETY pI cOlporallcnl
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