HomeMy WebLinkAbout97-02044
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AVISO
USTED HA SIDO DEMANDADO/A EN CORTE. Si usted desea
defenderse de las demandas que se presentan mas adelante en las
siguientes paginas, debe tomar accion dentro de los proximos
veinte (20) dias depues de la notificacaion de esta Demanda y
Adviso radicando personalmente 0 por medio de un abogado una
comparecencia escrita y radicando en la Corte por escrito sus
defensas de, y objecciones a, las demandas presentadas aqui en
contra suya. Se le advierte de que si usted falla de tomar
accion como se describe anteriormente, el caso puede proceder sin
usted y un fallo por caulquier suma de dinero reclamada en la
demanda 0 cualquier otra reclamacion 0 remedio solicitado por el
demandante puede ser dictado en contra suya por la Corte sin mas
aviso adicional. Usted puede perder dinero 0 propiedad u otros
derechos importantes para usted.
USTED DE BE LLEVAR ESTE DOCUMENTO A SU ABOGADO
INMEDIATAMENTE. SI USTED NO TIENE UN ABOGADO 0 NO PUEDE PAGARLE
A UNO, LLAME 0 VAYA A LA SIGUIENTE OFICINA PARA AVERIGUAR DONDE
PUEDE ENCONTRAT ASISTENCIA LEGAL.
CENTRAL PENNSYLVANIA LEGAL SERVICES
213-A North Front Street
Harrisburg, PA 17101
(800) 932-0356
CUMBERLAND COUNTY LAWYER REFERRAL SERVICE
Court Administrator
4th Fl., Cumberland County Courthouse
Carlisle, PA 17013
(717) 240-6203-;7 ,/ t-I/
~~~~
Thomas M. Devlin, Esq.
Attorney for Plaintiff
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7. On or about July 30, 1993, Defendants Richard H. Black
and Janet E. Black signed a Promissory Note and Business Loan
Agreement in the principal amount of One hundred sixty thousand
dollars ($160,000.00) in favor of Pennsylvania state Bank. Said
Promissory Note is herein attached and marked as Exhibit "A", and
Business Loan Agreement Exhibit "B".
O. On or about July 30, 1993, Defendants Richard H. Black
and Janet E. Black entered into a Mortgage in favor of
Pennsylvania State Bank for security for said Promissory Note
delivering to Plaintiff a Mortgage in the original principal
amount of One hundred sixty thousand dollars ($160,OOO.00) on the
premises commonly known as 300 Mulberry Drive, Mechanicsburg
Borough, Cumberland County, PA 17055, hereinafter described,
said Mortgage being recorded in the Offices of the Recorder of
Deeds of Cumberland County in Book 1154, Page 193. A true and
correct copy of said Mortgage containing the description of the
premises subject to said Mortgage is marked as Exhibit "C",
attached hereto and made a part hereof.
9. Defendants Richard H. Black and Janet E. Black and also
Brinrac entered into commercial security agreements pledging all
their fixtures, machinery, furniture, furnishings and equipment,
as well as all proceeds and profits of those foregoing items (a
true and correct copy is attached and marked as Exhibit "D").
Further, Uniform Commercial financing statements were filed with
the Recorder of Deeds of Cumberland County and the Prothonotary
of Cumberland County, which financing statements are incorporated
by reference as if fully set forth herein at length.
10. Defendants Richard H. Black and Janet E. Black are the
record and real owners of the aforesaid mortgaged premises
including the real estate fixtures,
II. Defendants Richard H. Black and Janet E. Black are in
default under the terms of the aforesaid Promissory Note for,
among other reasons, failure to make payments when due.
12. Demand for payment was made on or about February 12,
1997, for the payment of full principal in the amount of One
hundred forty-two thousand one dollar and seventy-eight cents
($142,OOI.70) together with interest in the amount of One
thousand seventy-six dollars and thirty-eight cents ($I,076.38),
late charges in the amount of Eight hundred eleven dollars and
thirty cents ($811.30), and attorney's fees incurred in the
amount of Five hundred dollars ($500.00) due on or by February
28, 1997, together with accruing interest, costs and attorney's
fees and interest accruing at a daily rate of Thirty-three
dollars and twenty cents($33.20).
WHEREFORE, Plaintiff Bank demands jUdgment against Defendant
Blacks for foreclosure and sale of the mortgaged premises in the
damages under Count II of this Complaint.
COUNT II
DAMAGES IN MORTGAGE FORECLOSURE
13. Plaintiff Bank herein incorporates by reference its
allegations in paragraphs 1 through 12 inclusive as if fully set
forth herein at length.
14. The amount due and owing Plaintiff under Account No.
60001682 and by the Defendants individually is as follows:
a.
Account No. 60001682:
Principal balance
Interest to April 10, 1997
Late charges
Incurred attorney's fees
(Plus interest accruing daily
of $33.06)
Subtotal
145,276.84
142,OOI.78
1,884.99
890.07
500.00
b.
Reasonable attorney's fees
projected of
5,000.00
Total
$150,276.84
plus accruing interest and costs.
WHEREFORE, Plaintiff demands jUdgment in mortgage
foreclosure for the amount due of $150,276.84 with interest
thereon with the contractual default rate (33.06 per diem) from
April 10, 1997 to the date of Sheriff sale, plus costs and for
foreclosure and sale of the mortgaged premises.
D.t.d, 7//7'17
Respectfully
~
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'U~ltL
0.~-{'/u.....,
homas M. De in, Esquire
Attorney for Plaintiff
1.0. "34993
1802 Market Street
Camp Hill, PA 17011
(717) 730-9878
VERIFICATION
I, the undersigned officer of Pennsylvania state Bank,
depose and say subject to the penalties of IS Pa.C.S.A. ~4904
relating to unsworn falsifications to authorities that the facts
set forth in the foregoing Complaint are true and correct to my
information and belief.
ff~
Exhibit "A"
PROMISSORY NOTE
Borrowrr: IktUflHI.II.k liSU: 110-l0.10751
)MI.I E. lId, USN: 161.]2.410])
2 US Old Ihnn.y aoad
lJI,ab.thtOWTl,PA 11022
L.nd", r!NNIYLVANIA STAll lANK
2141 MAIKU STRur
r. a.BOX 111
CAHPllllL,PA 11001.0187
Prlnclp.1 Amount' SI60,000,00 o.t. or Note: July 30,1993
'AOMIS[ TO ,AY. akh.ard tl.llx".and Jlllft [.lld (-JOITOW".. promtJt to p~ 10 PENNSYLVANIA STATE. lANK l-L,ndtr-l. Of ordtr, '"
IIWM monr( of ch. Unll.d SUIU 0' Amtrica. tilt princlpJl ."ounl of On, Ilundr.d Sbry Thouund & 00/100 Poll., (1160,IXXU)()), IOI.thtf
_Ith Inlff.U on lb. unpaid prlnclpJl blbnc:. from July lO, 199], until p.ald In tult.
PAYHENT. Subl<<IIO any prym,nl (hl"'U r,lultlnl from (hmluln th.lndu,8onowtf ""Ill PlY thll kun In ICCOfdlnc. with th, fol!owln.
prrm,nl Kht6.l1t:
Th, prlnclpallum of On, hundr.d Illry thoulJlld doll., (S 160,0001 tolttk,' 'lWhh IM,ttU II htf,ln,ft,r prO\otdtd on lh.
prin(IpJl bJllnCt ouuunlln, ,II any lIml, cllwbltd on tht bull 01 a 365 dJy yt., Sh)lI bt pJyXlI. In con$taI11vI
montNv 11U1)/\m.ntJ, commrnclnl on AUIUII 10, 1993, Jnd contlnulnl on Ih. lOUt dly of .xh month thffufttr until Jut,
10, 2001, unlru th. lrndt, .Ircu at )nv tlm. )(tr, Jut, 30, 199110 citeb,. Ihl Ihtn ,.malnlnl prlnc\;:lal balnl )ttd
xcrurd Intt,tU u Immrdlllrt; dur and plyablt, u provldtd btlow. Commrndnl from the dal. htftol and contlnulnl
until Jul; 10, 1991, princIpal and Inttr.uln ~nn u the ut. 01 ,llhI )ttd on,.h.all Pfrunlll,50~1 ptl' annum on th,
ouuundlnl principal balw. shall be pJyablr In ,QUai montht, InnallmtntJ of SI,575,7' on Ih. 30lh dIy 01 .xh month,
tlch weh pJym.nllO b. appll.d Ilnllo th. paym'nt of Inltrftl on the outJlandlnl princIpal balanc., bu,d on an JVttd
nltr.n ,'aI' ametdudon, Thtruftr" unlru th, ltndtr hIS rlr<ltd 10 dtdx. th. Ihtn rrmaln[nl princIpal balanc. and
XCNtd Intmn as Immtdlattl; OJ, and plyablt, IS provldtd btlow, Ih. InttrrU nl. pJyabl. on th. princIpal amount of
th. Loan thrn ouuundlnllhall br , UtI III ol'ftr.d b; tht Lrndtr In lu solt IlJcrtUon, and th. amounl of th. montht)r
Inu)llmrnu of prtnclpal and Inttrftl shall bt such as hIV' bun alrud b.rwun tht Borrowrr and tht Lrndrr. II tht
l.ndrr choDstl nollO ontl' , nud ralt, Of th. Borrowrr OOttl'\Ot xUPllh. nlr, II an)' u ofTtrrd b; tht ltndtr, Iht Ult
of IIllfftl1 payabl. on th. loan 'et lilt rtmalndtr 0' tht loan Irrm ,hall b. ont and on..hal' ptrunl (1.50"') plus tht but
InltrtllUI. anl'lOUnc.d from tlmt to t1mtby p.nnsyfvanb SUtt lant, as lu -Ias. l.ndlnl btt., such Inttr.llra" undtr
this notr to b, a4unrd whtn and as laid bas. Inltrtlt utr chanlll. Prlnclpal)ttd Inlrnn. It (h. rat. abovl SUtret, shan
bt paid b; lorrowtr lO l.ndtr In CONt(UU'rt month/; lnIuflmrnu commtndnl on AUIUII 10, 1991, and contlnylnl on tht
10dl dIy 0' .xh month thrrU'tr' untD Jut, 10, 200', unlw th, l,ndrr hIS '[<<I,d 10 dtd.. (h. th.n ttmalnlnl principal
bal)n(, and xcru.d Int.r,st ~ mmrdlatttv OJ, and pJy.i!I., U pro\'ldtd b.low. Montht, pJym.ntJ or principal Jnd
Intff,n shall b. ulculmd Mtd adlulltd QU~rrtv IPfO'r'idrd th. ltndtr UJtNtllh. rllht lO chanlt mort fr'QlJ.n(tv Wn
QU~,rty II nK.IUIY 10 IVOId n'lulv, ~Oftlutlonl bu,d upon Ih. loIlmi.inl: (I) P.nlUYtvanla Stat. bnk's las.
l.n.tnl RJIt plu$ on. Mtd on,.half ptlC.nt 11,50%): 1211h. prlnclpal ttm)lnlnl unpaldj and (]) Ih, ttmalnlnl amortlutlon
ltrmo'tht!o;an.
BorrOWIIf wllI PlY L.ncSet IILlncllf" Iddl"I .hown Ibove or It .uch olhe' p(jc, ul.ndtl' m.y dnlgnal. 11'1 Wl'ltIng. U,"u ot~. 'O'Md or
"Q~td by IPplleablt Itw, plymlnlS ..II b. .pp..d "'sllo Iccruod unplld lnlllfnl, lhenlo p'lnclpll, Ind any r.mall\lng .mounllo Iny unp.1d
col<<UOI'I cosl'lnd Itl. chargn.
VAllABLE INTEREST RATE. The Inle'"' ,al. onlhis Notl I. lublecllo change from Ume 10 lImt bu.d on changes In In Ind.x which Is lhe
P.nns~nla Sill. Dink', B." L.nding Ral. (thl ,nd...,. The Index Is 001 nec:II..r....lhllowlll "II charged by Llndlll' on III loins and Is HI by
Linder In lis .011 C1ltcr.Uon. Illhe Ind.x bteolT'lll ul'IIVlllablt during lhe tllm of Ihls loan. llndllf may dnlgnall I 'Ublblutl Ind.. Inlf nobf't4ng
Borlow". Llndlf w111.1 Bonowlf the coo.nllndn "I. upon Dorrow.,', IIQUIS!. Dorrowlf underSllnds Ihllllnd<<' may m.h loaM ba..d on
olhlf rllts.. wtl. The Inlll'nl fI" Changl 'tlI'ilI nol OCCLW rmlfl onlnlhan IIch D.y, Tht Indrx C1lrrtn(tv Is 6,5~ prr annum, Th, Inllfftl nit
to bt jppllcd lo Ih, unpaid principal balanc, of thll NOI. win b. u a ral, of 1.500 ptl'CtnUI' poInu 0Vff th. Indrx, tuultlnlln a CUrttnl rU'
of I,~ PI' annum. NonCE: Under no <<c:umtlanc:ls w\lllhe Inlorlll rail on Ihls Nol. bl morllhan the maximum raIl IBowed by .pplcablt law,
Whlnavar Inct...., occur In lhe InlllflSl f.l.. Lender, .111, opUon, may do 01'1I or motl oIlhe loGowIng: II) lner."e Donowlf', pl'll'lInts 10 Inure
BorrOWI,'.loIn wiI plY 0" bV III orlg!nal IInll malurity dall, lb) lnerllu Borrower', plymenl,lo CO'N ICCl'u1ng Inleresl. (cllner.". lhe number of
Borrowlf', plymenls, and (dl conUnue Dorrower', plym.nls Illhe IIll'l1lmounllnd 1nc:I8.Sf Dorrowltl'" Inti plymen!.
PIIU'AYMENT PENALTY. Borrow.r agroe,lhat .1 loan IHS and other preplld 1I1'11nc. ehlrgll are ..med lully II ollhe dale of the loan II'ICl 'Nil nol
bt sub}ecllo IIfund upon larty plymtnl(Whelher volunlary or II Ir"ull 01 de/.ull). except.. olherwlSlllquVed by law, Upon pftpqmotn(ofthll
NOI., l.ndtr II .ntltl,d 10 the loIJow{nl pf,plym.nl penalry, twO ptretn( 12%) of amc.:.!nl Pftllald clIrlnl any IIl1d ntt Irrm, Exeepllor Iht
loregolng, BorrOWIf may PlY without pIl'lllty III or I porllon 011111 .mounl owld earller Ihln Ills due. Elrty plymenls wi! nol, unla\, tgtHd kl by
Lender In WTi~no. lerllV'l Borrower 01 Borrow,,', obllgltion 10 continue 10 maltt plymenl, undO( the p.,menllChedu'e. Rathtf, IMy w11llduee lhe
prlnclp,l bllanet due and may I"ullln Borrowlf', making tawlf plymenl1,
LATE CUAlGL III p.ymenll, IS dayt or mort lu., Dorrower will bl charg.d 5.000'" orth. unpaId portion of Iht uculart)' l(h.c.iJltd pl)'mtnL
DEFAULT. Borrower wiD b.ln dl'lulllltny of the loIIO'Nlng hlpp.n,: II} Borrow" laUs 10 maltt .ny plvmenl whan dUI. (b) Dorrowlf bruh Iny
promsa Borrower hi, madt lo Llndor, or Borrower laI, 10 perform prornptlIt Iht IItT11lnd llOctly In lhe manner prOYlded In thl, Not. or Iny
1000"ll'lInl rtllled 10 this Noll. or In any olhOr IgrHtTllnl or loan Bonowlf has wllh Linder. (c) Any rlPftHntallon or ,!.atament mad. or ItJ'tished lo
Lenclltf by Borrowlit' or on Borrower', blhallls lalse or mlsleldlng In Iny malerlal tlIlpeel. (d) Borrow.,. dta. or beeofrlu InloMnl, I rtetfvlt Is
Ippolnl.d lor Iny part 01 BorrOWIf', ploptrly, BorrOWIIf maklS In Inlgnll'llnllor the benefit 01 a.dllor1. or .ny prOCMdlng b comll'llnctd .It"., by
Borrower or 'Ollnsl Dorrower undef Iny b.nkruptcy or 'Motvency ltWl. II) Any at&lor Ir\tIlo lak. Iny of BorTOW"', propltly on or In which L.ndlf
hll' lI.n or *I.J'lty Inlef"!. This lncIud'I I glln'Shtl'llnt of Iny 01 Borrower',"xounlS wllh Lender, (I) Any of the ""I'll, dacrlbtd In this dlllun
Itc1ion 0CCt.Q wllh resped 10 Iny guarlnlor 01 this Noll. Ig) LInder In good I,ilh dttms lite/finite"'..
LENDEII'S IIGUTS. Upon dlrlull. LInd" may dtcIlrllhl Inlltl unplld pllnclpll bllanc:t on this Nol. .nd 111cr:tued unp.ld Inltrtsllmll'lldtllety
due. wllhoul noticl, Ind then BorrOWII wI PlY IhIt lmoun!. Linder may hlrt or PlY .0meOOl It sa 10 help cor<<llhls Nol. K BOHowtr dOlI nol p.y.
Borrow" aIstI Yt1I PlY L.ne*' lhallmoun!. TNs lncIodIs, lublKllo .ny Imll, undtf IPplclblt law, lAndIf" InOl'f'IIYI' IHI and lAndIr't lagal
IXpe",U wheU.. 01" nee lher. Is . lawsuil, Including .llorneys' INS Ind "Oal expenllS lor blnktuplcy procttdlnqt (Including Inort, 10 mocifV or
....eal. Iny lutomallc IllY 01" lnlunc:Uon). Ippeals. and any Inllclpllld posl-Judgmenl col\tCllon HfV\C1S. II nee prohlbltld by IPplcablt "w, BorrOWIf
Ilso wtI PIY'ny court COIl" In Iddi~on 10 .. olhlf .ums provided by ltw. II Judgmenlls Inlerld In cOl\f'\lClon with this NoIa,lnltrnl wi COf'llltluelo
lcerU' on IhI, Nol. III., Iltdgmenl lllhe 11'1111"1 raIl Ippliclblt 10 Ihls Not. It the IIIl'l1 JUdgmenl1s Inl...d. ThIs Notl haa bun dtllYtrtd 10
ltndtr and xUpl.ed byltndtr '" th. Commonwtahh 0' PtMl)'lvanl1. 11 thtf. k , lawIulr., DorTOWtr' IVtfl upon ltndtr'1 RQUtsllO submit
10 the Jurilcl<<lon 0' tht couru 01 Cumb.rUnd CountY, tht Commonwulth of P.Ml)'tvanl1. this Nex, shall b. ptmtd by and conlll'1,l,d In
xcorWI'lU with th, IJws of th. Commonwtalth of PtnlUYlvanl1.
CONfESSION Of JUDGHENT, Bonowlf httlby Irll\'OCtbly .uthOrtus Ind .mpow.... Iny anomey et Iht Prothonolaty Of Otr'rl. of Iny CM In lhe
CommonwNllh 01 Plnns)WlnII. or tlSlwhtt., 10 .pp..r .llny lime lor Borrow" IIIIf' a de'lull under INs Note,lnd wllh 01 wnhoul eompl&lnllltd, IS
of .nv "'m, conll" or .nler judgmentlQllnsl Bonowlf lor IhI Inllr. prlnclpll b.l&net of IhlS Note Ind d lCCl'u.CI Inlernt, logllhlf wllh cosl, of sull,
and.n IlIorney'. Commlsllon or t.n ,*c.nl (ItrJrl or 1h1 unpaid prltdclal b.lance Ind .ccrued ....\tr"t.Of coltcUon. but '" any avenl nee ....lhan
Flvt Hundlld Doll', ts!rOOl; .nd lor .0 dolng,lhls Noll or. copy ollhls Notl YIIllltd by Ilftdavtl.hal bi.utl'dlnl wlrr.nl. The luthority gtanted In
thil Not. 10 con'"1 Judgmenllgllnsl Borrow" INI flol bt 'lhaUSlld bV .ny 1."eIM 01 lhalluIhor1ty, bul,hal conllnutlrom lmelo IIl'lI.nd.t d
times un~ plymenlln lull of .llmounlS dUI undel' thl. Nol..
DISHONORED ITEM fEL Dorrow" will pi' I I" 10 Linder 01 120,00 II Borrower maket a p.ymenl on BorrOWIf" lOin Ind thl check or
Plllulhortzld chlrgl wllh which Borrow" plY' Is taler dllhonorld.
RIGttt Of SETOff, Borrower Ol.nts to LInd... . conltlclUl1 pOSlnlcry .teurlty Inlerlllln. Ind herlby 1..lgns, conveys. dtIYtt1, pladglS, Ind
lr&nsllt'l to LlndIf II Borrowlf" rlQhI. ttle Ind Inolllllln Ind 10. Borrow"" .ccount, wfth LlndIf (whllhIf checking, ..'Mg', or some ot_
Iccountl.lnctudlng wilhout ImilllJon II .ccountl hold IoInlfy wllh .Omlone ""Ind .llccounl1 Booll'Wlf fNIY open In the Ml.I'l. excluding t\owavef
II IRA. Keogh. Ind trusl .ccoun'.. Dorronr lulhorll.. Lend.... 10 the lilli'll plfmlllld by .pplclblt law, 10 charge or "lollal IUfTII owing on ltis
Nol. Igllntl Iny Ind ._ such Iccounl..
COlLATllAL. TN. Nol." lte""ld by ,Imong 0lhellhlng1. I Mortg.gt.nd S<<l.I'lty AgfHrTlInl from Bonower 10 llndlf of aven dll. herewith Ind
Inllndtd to bl lteordld forlhwtlh, .fCLWld upon prall'll," tlluall .t 300 1.4uft)lrry DIm, Dorough of Utekanbburo. Cumbtrland Counf)',
P.nnsy1....n1... dlscrlb.d In Slid MorlQlgl. I<J or It\t Ig'Hmenll. condition,. COVIn.lntl. ptoo.4s1on. Ind .\Ipul&llonl conlalned In tht UortglQl which
00.1' '....._IN,...M."......M .
Exhibit "B"
b...SINESS LOAN AGREEMENl
f\tl..,ncn IIlltll sPlldld Ir,. 1'1 101' linder" UI. onl and do nol .mllltlt . I"'_bllll ollhrs document 10 In .l1lCular lOin 01' 111m.
Borrowcr: Rkh.v~ I" lid lSSN: 17l).](H0151
JWIl.llxl (\IN, 161.]2-110ll
25n Old Iltnh'J Ro~J
1IlubtlhlOWn,PA 110U
lender: PENN5YlV^NI^ST^TEM~K
1148MAlKETlTkEET
P. O. IOK 487
CAMPllIll.PA 17001.()417
THIS JUSINESS lOAN AGlUHENT b,[Wun Rlen." II. Ilxk Ill" ).anlt E,llxk I-Sornnu,-'.andPENNSYLVANIA STATE BANK (-Lrnde,.)
Is mWt MId 'IKUtld on the foIlowtnl lemu Jnd conditions. 100000tr hob f,etN,d prior (ommm:l~ low from Ltndtf ot II'" 'PPUrd to
Ltndfr lor I convn,rdJl loan Of 10"'1 II'ld ethf( nn~1I1 KcommOlhllons, Includlnl lhoit IlltIkh ml'1 b. dtsatltd on Ill" uhlbll or
Kh.llllt MU(ktd 10 this Apum,nL AU weh low and ftn.wIM Kcommod.ulonJ, lDC.thrr vr1th III fuM. low and "nwl>>
xCOl1\lT\OlUtIoru from ltndtr to 100000,r, .. reftrrtd to In this ^crumrnl Indlvlliulty '" tht "Lo",- .and collKUvtly as lht "Low,"
Iotrowtt ",ndrnundl And '1f1U lh.u II) In 1P'''1I1nlo r,ntwlnL Of ultndnl any Lo.an. Lrndtr b rtlylnl upon Borrowtf', rrprntnutions,
...rand",.and ~CrrtmrnU." UI forth In thb Alrrtmrn~ Ibllht lI'.andnc, rrnfWlnl. or tJltndnl of any Lo", by lrndtf al all tlmrl ,hall
bt lubl<<1 to LrnW, lOIt Iudcmrnl and dlIartlonj.and lei a1lllXh Low ,hall bt .and ~hall rrmaln lublrcllO thr followinlltmll .and
eondlOonsoflhllAl"trmrnl.
TEaM. TriS AgrMlNnt sha' be eHecbVl as 01 Jut)' 10. 1993. end shan continUO tho'e,ne' unt~ .n Indebledness of BOflOw,' 10 lender ha, bNn
PtrtorlTlld In Iuland I". p.fbn llftl'llnalelhts Agreement In wribng.
DUINITIONS. The loUowIng WOfd' .han he.... tilt fOllowing meaning. when used In ttll, AgIHmanl. Ttlms nol 01htrwls.8 dellned In IriS -'grNmanl
.ha' hi.... lhe mea"ng' annbuled 10 such tlfm' In Int UrwlOl'm CommerCIII COOl. AlllflfenctS 10 dOllar amount. ,haS mean amount. In Lawful
mo",)' oll". Urwlfd States of Amallel.
ACfttmrnl. The word .AgrOtmenr maan, lhis llU$lnM' lOin -'gr"/l'IInt.as ItII, Buslneu lOl.n Ag'Hmenl may be amended Of modified from
~me to time,logtlher WIth II uhabits and s.chedulelaltlched 10 this BVIlness loan Agt..menl from IUT'le 10 lime.
Borrowfl', The "'ord 1Jorrowll'" mean. Richard H. Olatk a~ Janel E. Olack. The word '9orlow"-also Includes. II appbcable, a'.Llbsld&lOeS
alld alNial" of Borrowll' as p'ovlded below In the pallorlPh blled "Subsldilrie1and Affiliates..
CUCLA. Tha .Otd "CERcv.. InN", the Comtlllhtnu.... Environmental RtSPonse, COmplnUbOn, and liability Ad 011980, II lmendtd.
CoIIllrul, ThI word -cOlllllftr mean, end Includn wlthovt MfT\llabon al plOl)ltty and ....ts g,anlad II tolla*a1t<<urlty lOt . Loan, whethat
,11I or P8f1or.a1 plopertt, whtther glanled dlflClly Of Indll"telly, whllhet granled now Of In lhe lulure. and whtther granltd In 11\8 IOtm oIlt<<urtty
Intern!, mcttoa~, dMcl oIltusl, a"lgnmenl, pledge, chall" mortgage, than.. InlSl. facfer'1 lien. equlpmenlltusl. conditional "Ie, trusl .ecelpt,
IlIn, charol. Den Ot 1It1t IItantion tonltacl, IM.se Of eon$lgnmenllntlnded .. a aec::urlty dtv\cll, Ot any olher t<<urlty or lien Inl.,.nl whatsOlWl'.
whlthlt cr..1td by law, contract, 01' olherWise.
[liSA, ThI WOld "ERISA- me..ns the Employ" Rebrlmenl tncome Security Ae1 or 1974, IS amended,
[nnl of OtbulL The WOtdJ "Evenl 01 Oelautr mean Ind Include any ollhe E....nts 01 Delaun "I forth below In IhI sec:tion Iltled "'EVENTS OF
DEFA\.l.T:
Grant<<. The "'Old -o.anl~ mean. and Includes Nth and d oIlnt pet10M 01' Inblitn granllng a Secunty Internlln any CoaaterallOl' Iht
Indtbt'dness, including Wllhoul Ilmii.lllon an BorrOW.I g,anting ,uc:h a Setunly tnl8t1S1.
GUIuntot', The wOI'd "Guaranlor'" mean, Ind Includes Wllhout .fT'IIlation, each and au ollhe gUlranlors, lurebe" and acc:ommodabon partin In
COflNCtion Wlth Iny Indebtldness.
Indtbtrdnru. The WOtd 'no.blldness- melns and Includn without Mmllabon a_ Loan" 10011'* Wilh d olhef obliga!ionl, debts a~ l.abilllies
of BcrYowII' IDLtndtt, 01' any ()I'JI Of more 01 lham. II well.. al tIalm. by Lender aGllnttBorrowet. Of anyone Of mOI'l of Ihlm; whither now Of
hIIulltr exlsting, voluntary Of Involuntary, due Of nol due, absolute Ot tontngtnl. Mquldated 01' unliquldalad; whlthat Borrow. may be lab..
lndMduaty Of loinit)' WIth Olhers; whither BooowOt' may be obligllld II a gUlranlOl', surely, Ot olherWiW; whllher rlCOvety upon .uc:h
Indttlladneu tnl1 be or herun., may btc:ome barrld by allY ,lalIM of .tl'IIlabons; and whtlhef Iuc:h Indebltdneu may be or herNtW may
btcorne othVMH unenforclable.
Lrnd<<. Tht werd '\.andtr" mean' PENNSYlVANIA STATE BANK,IIS lucceslOl1and aUigns.
LOM. Tht wOl'd "OIn" or '\.otns. meanl and lrdud.. any a~ II coml'Tltltlllloans and financial acc:ommodahonslrom Lendtt 10 BooO'll*,
"'htlhtf now or hIIul\e( PIlling, and h,wfVtt' evtdenced, Including wllhout lIm1tallon IhOSlloans and lInaneLal aecommodallons dncrib8d
hII..n Of descnbld on any elf\lbll Of s.chtdule a!tlthld 10 IhIs Agreemenl from Ume 10 time.
Notr, ThI word "Note- malr\S BOI'fOWIt'. pfomlSSory note 01 nOI".llany. evidendng Borrow""1 Loan obligabons In laVOl' ol ui'\CW. II 11I'11 II
any ,ub!lIlult, rtplattmanl 01' taftfllnclng nole 01 noles lher,IOI.
bUIld Docvmtnu, The wOl'd. "'Rttaltd Oocuments- IT'lIan and Includl WIthout MfT'Illallon II promislOfy notes, O'tdll agtMmenll. loan
lorHlTllnll. Q1.IlI.ntilS, secunty agrMment', mOtlgagn, dNd, oltrusl. and al othat Instruments. agleements and documents, whllhlf now or
htrHlltt lllSbng,l1lCulad In connection with the Indebtednes,.
StC\II"1ry AvrrmlnL Tha WOtdS .5<<:urlly Agr..manr mun and lnc:Iudl WithOut Imllatlon Iny agr..menll. ptomlstl, covtnants. arrangements,
undlrllll'\dlng, 01' Olher agrHmanl.. whither crealed by law, contract, 01' olherwlM, rlldtndng. gQVlt'nlng, "prnanbog. Of crllbng I Security
Inllrnl
Sf<Ullry IntttrtL Tha word. "SKurlty tnletnr mean a~ Indude w1lhOullfT'lltallon Iny type 01 tcllateral seclWity, whllher In thIIlOfm of lien.
Charg., mortgage, dNd oltrust. a".gnmtnl. p'-dgt, chan. mortglge. chattel trusl. lactor's IItn, equlpmenltrusl, condillonal ...., lrost rl(lipl,
IlIn or lIIe ralan!lon eonlrJct. IN" Of tonslgnmtnllntlndtcS II a IICUI"lty device, Of Iny other IIClIIIIy Of IItn Inter..1 whalSOlYlt. whll,.
cr..ltdbyIaW,contI'lCI,orOII'lltwlll,
SAlA. 1ha word "SARA. munllhe Supttfund Ame~ments a~ Rnlllhortzltlon Act 01 19M.
lEPREStNTATIONS AND WARRANTIES. BOI'Iowtr IIplnants a~ warrants 10 I.Indtt II ollhe dill oIthls AQt..mtnland u of the dall 01 Nc:h
disbutUlTllnl01 LOInprQCHdl:
OrrvJutlon. Berrowll' Is a number 01 Individual. bOOOW1ng lOt commerciaJ purpose"
Authcrltadon. The llICubon. dllivtty, and perlOl'manct ollhis AgtMfMnland a_ Rttaltd Documents by BorrO'll*, 10 the axtenllo belXlCultd,
dtilvtr,d Of perlortl\ld by Donowll', NVI bNn duly authoriltd by II ntCflSlfy atUon by Borrower; do not leqult. the consent Of apprOYll of
a"Y othII' pnon, rtgulalory luthortty Of governmtntal body; and do nol conllcl WI1h, rnLit tn a >Aotallon 01. Of eonslllull a default ui'\CW lalany
provision oIa"YaO/Mmenl 01' other Inltrumenl bInding upon BOI1OWII Of Ib) any law. gOYernmlnla1 regulallOn. COI.r1 diet.., Of OI'dIt Itlplc:al)le
10 BooCWlt.
Jln.ancbllnfonnldort. Each If\lndal llallment 01 BOI'lowII' IUPPr.d ID under truly a~ compltltty CSisdoMd BOtTowtr'Ilnarw;:l&l COtICSlIon u
oIt". dala ollhe stallmen!. Ind INn ha' b"n no tnllertalad........ change In BOI'low....sllnaneLal tondillon ILlbItQUlnl10 the dill of thII mosl
IlCtnl ftN.ndaI slallmenl 'UPPIIed to Lendet. BonowII hal no msllrial contlngenl oblgaDons PClplll dlsdOMd In .uch InanelalllallmtntJ.
Ltll! [nrn. This AQrHtI\InI eonsblllln, Ind any Instrument Of agrHmanl rlq\,hd herlUnder 10 be glwn by BorrOWll' when ~ wi!
cOMbtul" Ieoll, valid and blnOong obligation, 01 BOIrow., enlOl'teable loalnll BOIrowtr In eccOl'darce wllh lheir respective terms.
ProprnId. Er.c:lptll conlOmptalld by IhI. ,t,gfHmenl 01' as p/rvtOus.ty dlsclosld In BOI'IOWtr'l lInaneLal statements Of In writing 10 undat and u
acttptld by Llna., Ind axeeptlOf' p,optrty Ia.1 IItn, 101 taxes no! p,nanlly due and pa.,..ble. Borrow. owns and has good lIlII to d of
Corrow'" propertlts Ifee and (11II 01 IA SecurIty InlOflSts, and hi' nol elKuled Iny soc:urtIy documants Of Ilnandl'lClltallmenta rllallng to IUCh
proparlltl. IJ 01 Berlowlf" propertIeS Ife titled In COI"ow.....lIQaI nalT\8.a~ BOIfOW'lf ha, not \Md. Of lied I anardng ,ta"menl under, any
oIh81namafOl'atlealllhllallll....(5)ytafl.
HUM"douI Submned. Tha Ittm, -r-.awdollS wasle,. ~dou. subslarce: -c:Jtspos.al." .........,. and ,1YN1ef'ltd .......... u uud In UU
AotHmenl, 'hal hi.... lhe ""... n'lNnlng. a. "I forth In the Comptlhenslvt EnwOM'lInlal ResponH. Comrenslllon. and lJabI:ty Act 01 UMla,
II amencs.d, 42 U.S.C. Slchon 960'. el Mq. ("CfRCtA1. the Supttful'ld Amendments a~ AIIulhorlzIlIon Ad 0I1;e&. P\b, L. No. o;...4eg
rSAAA1. thl HlwdoUl MltlfLaIs TllnspOttatlon Act, 49 U.S.C. 5<<:llon 1&01, II Mq.. lhe RKOtKte ConIervatlon and RtcoYIty Act. 49 U.s.c.
SlctJon 6901, II Stq., Of' olner apphtable slala or Ftdltal laws, nAn, 01' regulatior\S adopted pur1U1nllo any oItht Icngolng. Exc.pt u
dalClOl,d to and ICknowledged by Lendet In W11ling, BQffCl'Ntr ItP,...nlJ and warrants thai: la) Outing (he period 01 BcrTowtr's ~ 01
BerrOwIf\ Pfoptltlts, l!'\tIe has been no IJH, glnerlbon, manufacturl, ,lOI'aOl, "'almenl, drlpOlal, "...... or ItvNllned ,..se of any
hlUfdous wut, erlubll&nc:e by any ptflon on. undat, Ot Ibout any of the ptopertln. (bIBorrower has no know'otdoe 01, Of reuon 10 beIIw
07.10.1991
Lo,n No 6000 1682
BUSINESS LOAN AGREEMENT
(Contlnu.d)
P'i.2
I""ll~. till bHn (I) any us.. g.~.bon. INnu1atlurl, ,lorl~', 1l1.1menl, cl'SPOUI, 1,1d", 01' Itnl.llned "~I$' 01 any hll..IrdOUI wUl, or
substAnce by ,n... pnOt ow08ll 01' occupant, 01 any olIn. ploP'fll'I. or (~) any .elual or threll,ned ~llQlhon 01 elllms ol.ny lund by any perlon
'tllbng 10 such mill".. (el N.I1tlf( OOHOWI( nOl Iny tenanl, coni/actOI'. ag.nl Of olher .ulhorllltd U'" 01 any ollht pfC>ptclt'f1 shaU 1.1"1,
g.net',II. !nlnulach.ll'l, ,IOf', "'1.1, dllPOW 01, or f~~ In)' "UAldous wnl. Of substance on, und8/', Of .boutlny ollt\t plop~"'; and any
SUCh Ich1ty lhal bt conducl.d In comphane. wllh II IpphClb~ lld,f,l, ltal.. and locallaWl. r~uI.llon., Ind orcllf'lIf'Cn. Inc1udmg .....,thoul
~lT\Ilabon IhOl. !aWl, ItQul't10n, and OHllnlnc" dltW'lbld .bo..... OorIOW" luthOl'Il" llndM and III .!;l.nts 10 .nl" upon ItIt Plopett.., 10
make s:.ch Inlpecbonl and 111'1 .Il.nd., may dHm ,pplopllal. 10 d.lermln' compll'nc. ollhl properllfl With IhlS uc:llon ollhl'-g'Mmenl.
My Inspecllons 01 'hit mad. by L,nd... st\al b.,OI L,nd..', PUlPOlII only and lnall nol b. conllrued 10 tllIl. .ny "Iponllbillly 01 IlIblllly on
IhI part oll.ndlf 10 BOIrowltl' 01 10 .ny olhef PIIlon. TtlI IIp,,,,nlallonl .nd w.nlnll" conlalned heflln .r. b."d on OOI'lOW"'S diA
d~lQInc. In Invtsbg.tlng IhI plopltftlls '01 Nurdous wnll. BOIIOw" heflbV (.) fllea," Ind W.IV" .ny lulU'. cl'lms Igllnsl Lind... 101
Indlml\lty Of conlllbubon In lhe IVlnt DOIIOWIf bocomllllabll101 cle.nup Of olher costs undlf Iny ILlCh law,. Ind (b).greo' 10 Ind.mf\lty .nd
hold Nlfnltll l.n611 Igllnll ,ny .nd .1 claims. len..s. lI.b~lb... d.mag". p.nall~. .nd ..p.nHI whICh L.nd., may dllec:llV Of IndlfIC11y
luslam 01 luH... Ihulllng from. blHCh ollhls sactlon 01 IhI'-g,..menl Of as . con"qUlnc. 01 .ny use. g'~lbon. manutlcIUl'. sIOllg..
OSPOllI, ftIN.. 01 ItIlHI.ned 111M.. OCCUHlng pilOt 10 DOHOWII'S OW,*Shlp Of inl.,ltl In IhI Ploplf1llS. whllhef Of nol IhI Hme WIS Of
should hi.... b..n known 10 DOfrowl/". The prO'llllons ollhls $OCllon ollne '-g,eelT'llnl. Including lhe obbg.llon 10 Indlmf'llly, shal SLlNlvt IhI
p.ymenl Qllht Ind.bladne" and Ihllluninallon Of 'Iplflllon 01 Ih'S'-greemtnlInd Shal nol b. .Hoclld by Llndtr', 'cQul$lllon ollnv Inl.,I,1
In anv 0111'1I p,oplrttt'. whetne, by 100telosU'1 01 olhefwIsI.
lItllJ~lIon ~d CI~lml, NO .Itg.bon. claim, In...esIIQI\lon, ,dmlf\lstrlb...e procoedlng Of $irTUla, action (Including Ihow lor unpaId la.es) Ig,lnSI
Bouowl/" IS p.ndlng Of 11v..I.ned. Ind no olher .....nl hu occurred whICh may mallll'Uy 'd...er$81y IHocl DOIIOWIl"S Ilnancl.1 condlllon 01
P'op<<W1, otflet lhan kllglbon. cta.lms. 01 olhet .....nIS, II.ny.lhal ha.... been dl~lowd 10 .nd .cknowledgld by llndGlln wnbng
flltl, To IhI bill 01 BOIIOWlt'S knowledge, II tax IIlurn' Ind t,pOlIS 01 DOflower Ihal.1I 01 Wltl". 'eQul"d 10 b. M.d. hlvt bMn M.d, .nd ..
wes, ..",smenl, .nd olhet oo...emmanlll charges hi.... been P'ld In 'ull, ..cepl Ihose plesenU'f being Ot 10 b, conlested by OOtrower In good
filth In lhe OId.nary COUIll 01 bUSln... .nd IOf wtuch Id'QUlte l~rveS ha...e been pro...,ded.
Utn Prlotlcy. Unit.. othllVolH PII"'Ously osclosed 10 l.nd., In \ll'nllng. OO/"row" has nol .nlered mlo 01 gr.nt.d Iny SecUllfV "g'MfI'IInli, 01
p.tlTlln.d IhI Nlng 01 elllc;hmenl 01 eny StcurllV Inl.,nls on Of ellecllng Iny ot IhI COIlIler.1 dlrec:IIV 01 Indllec:t1y Sec:Ullng r'plyfl'llnl of
OOl'O*"'S lOin end Nol., lhal would be ptltw or lhal mev In Inv w'y b. SUp.,IOt to l.nd'''e Securlly Inler"ls .nd IlQhlsln .nd 10 Slith
CoIIal"el.
Blnd/nlJ WtCl. ThIS "g'eemenl, lhe Note end .1 Secunly "greemenls dltec;lly 01 Indlf8CUy secutlng rep.ymenl 01 DOtlOwtl"S lOin Ind Noll I"
binding upon DOI,ow.t IS w.lI.. upon DOI,owlr's llitC;OSSOfS. roprctHnllll...tlS .nd "SlQns, .nd .r.leglby .nIOlceabl. In .ccOldlnc;. wllh If\IIl
'"PKIl....III'ms.
Commtrd~ P\lflKlltl. DOIlOW8l' Intends 10 use lhe lOin proceeds solely 101" buSiness Of commerCial lei. led purposes.
(mplo.,.tt Stntnl Pbru. E.ch .mployee b.n.M plan II to whICh DOIIOwet mlV haVl .ny liability compblS In .u mellllall"ptelS W1lh .1
IPplablt rlQulf,ment, 01 law .nd tegulabons, and (I) nO RepOllable Ev.nl nor Prohibited Tr.nsacbon (IS dellned In ERISA) has occ:ufled With
,"pectlo .ny SUCh plan. (_) OOlrowll' haS nol W1lhdf.wn Irom Iny SUCh plan Of INlIal.d steps 10 do so. .nd (I~) no "ip' ha.... been IIk.n 10
I.flninal. .ny such plan.
LoClOOn 01 BOtTowtr's omus ~d Rt<Ofds, Th. chiel plac. 01 bUSiness 01 DOIrow" .nd lhe otflC. Of olflCes whtr" Dorro*tf k..ps lis
tecOld' COnclfl'llng the COIlal.,.1 Is localed.1 2$35 ()Cd Hetshtry Road, Ebub.lhtown, PA 17022.
In'Ol1'utlon. J.J Inltwmallon hef.loIOl. Of conl.mpOtlneolNY hltewllh lurnished by Dorlowtllo l.ndlf 100Ine purpOll$ 01 01 in connection wllh
Ihis AgrMmenl 01 .ny ts.nsaction conlemplaled hertlby IS, .nd .llnlOl'mallon heruner IUlnished by Of on behall of BOffowtltO l.ndtt will be.
lIu. Ind ICCIJI'.I.ln.VIfY malll'ill t"pecl on lhe dlt. II 01 which SLlCh inlormallon Is dlted 01 ceftJfled; .nd none 01 SUCh Inlormallon l' Of WIll be
Incomplel. by orTlllbng 10 stal. .ny matll'i11l.cl necessary 10 make sLlCh InlOlmabon nol rMltadlng.
SUNI...~ 01 RtpttltnUUon ~nd W.untlts. DOIlower undersland' Ind .gree, thlll.nder Ii telYlng upon IhI .bovt IIpl.,.nllbons .nd
wI"ln"s In making lhe .bo.... r.l.r.nc.d LOIn 10 BO/"towo'. DOIrow.t lurth.t Igroeslhlllhe loregOlng tepflsenllhons .nd w.".nlles ,haa b.
c;onbnulIlg In nalUf' Ind shaa r.main in lull 100c, .nd elleel unt.l SLlCh IlIne .. BOfIOW""S LOIn .nd Nol. shah b. p.id In lun. Of unl~ IhlS
AO'Hmlnllhall b.I"/flInal.d In IhI /!\Inne' prO'o'ldtd .bo..... whlehO......1S lhe lasllo occur.
AfFIRMATIVE COVENANTS. OOf'OW8l' co....nanls .nd .g'80S wllh L.ndet lhal, whil.lhlS Ag,..m.nlli In .Heel, BOfrow., will:
LllllJ~Uon. Promptly InfOI'm l.ndltl" In wllbng 01 I') II malollat .d'i8fS8 Chang", In Otwrowe"s hn.nclll c;ondlllon, and (b).U LIig.bon .nd C\jI/nS
.nd allfv8ltened ~Iig.bon .nd cJal/ni .Ilocbng BOfrow., Of .nv Guar.nlOf whICh could mal.nlUy Illtellhe hnanctal condillon 01 DOfrow" orlhe
f1nanctal condllion ollny Qu.r.nIOf.
FinlnCl~ Rtcordl. Mllnllln It I bookSlnd focOfdsln .ccordlnce With oene'IUy .ccoptod Iccounllng pnnc;lptes, .ppllld on I con'lslonl bUrs,
.nd p...moll.ndtt 10 'lIlTIltWt .nd .udll BOIro....9I"s books .nd IOCOlds .l.a rOalonable hmos.
Fln~n(laI SUltmtnu, FurlU'h L.nd... Wllh, Ii soon IS .....lIabl.. but in no .venl \jt" lhan ninety {gol days Inet If\I.nd 018lCh hs.caJ Y"',
Otwrowtt's bllanc. shHl .nd inco"" sllt.menllor IhI yUI end.d. complied by I cerMed publIC .ccounlanl ,,1is1.Clary 10 L.nd.... J.J f1n'f'lC1&1
"pOfls raqUlfld 10 b. pro...,dtd undtl' Ihls ""rlllmlnl shall b. pflplfld In .ccOld.nee Wllh gen.r.1Iy .ccepted .ccounbng pnnclplos. ,ppll.d on
I consiil.nl buis, Ind certified by DOIfowet IS boong Itue .nd COlrocl.
^d..1lIJon~ !nromutlon, FUlt'lflh such Iddlbonal inlOlm.hon .nd s\jl.ments, IlslS 01 .ssols .nd L.bll,lses, 'QlngS 01 lte"....bles .nd P'V'blts.
Invtnlorr ioChtdults. budg.ls. IOfICUls, tu: flturns, .nd clhot IIpOfls Wllh Illspecllo OOllOW"'S ftnanc;l&I condllion .nd buiiness opetlllons II
llnlW /!\IV l.qUIIllrom lImlto bma.
IruutlnCt. M'lnlaln fir. .nd olhef n,l! ItIsur.nc., pUbliC kablMV InSUllnc., .nd SLlCh olher insul.nce IS LendOl' mav r.qUlf' \ll'llh r"pectlo
Oor'OWClf'. proptt1Jes .nd op.rlllons. In IOfm, .mounts, cov....g" and wllh Insuflnc. complnllS reasonably .cceplable 10 lend.... BOfIOW8f,
upon tlqUl,1 oll.ndet, will d.~...... 10 L.nder trom lime 10 lImelhe pOllclt' Of cmlllal.s ollnSU'lncl In 101m sahst.clary 10 lendlf, Including
sllpulabons Ihll c;QVIt.gn WllI nol b. tlnc.ntd Of dl/T'llf\lshed WllhOul.1 1e"llen (10) daYS' pnOl wnn.n nollCe 10 llndClf. In connec1lon wllh .1
pOllCin COV1lllng """ In whICh Lind... hold' Of IS OHo'8d I I8CUn1y InlOl'lIllOI Ihlloans, DOIrowtt will ptOVld. L.ndtl' wIlh SUCh Ion plylblt
Of othef .ndOfsements IS lend... may fequlfe.
IlUur~t RtpotU, FUfNSh 10 L.ndlf, upon r'QUftI 0ll8ndll', "ports on "ch eIlSihng inlurlnel pohey .howlng sUCh InlOlmallon II L.ndOl'
may IlIsonably r.quesl, lneludlng WllhoullllTllllbon IhlloIIOWlng: {.)lhI name ollhe Inu...,; (b)lhI mJ..s In,ured; (C) IhI.mounl ollht poley;
(d)lh' ptoptrbU Insur.d; (.) the then curllnt property v.IUlS on lhe b.SiS 01 which InslJl"nc. has bMn oblalned, .nd IhI /!\Inntf 01
d.t.unif\lng IhOll v.tU"; Ind (111hI ..pit.bon dlle ollhe pohey. In .ddllion, upon reQuOlI 01 l.nd...(how.'w'8I' nol more ott.n Ihln Innu.Uy),
BorlOWIf WIll have .n Indep.ndent 'PPfllSOf utrsllclory 10 lendor d"ounine, II .pplable, lhe .clu.1 Clsh v.lu. Of replac.menl cosl 01 Inv
Co/IIltt.1.
Olhtt ^rrumtnu. Comply wllh .1 I.rm, .nd conditions 01 .n olhot .g,eemenls, whelhe, now at hlfun8l' .X/sllng. b.twetn DOfIOW.,. .nd .nv
Olhef plrty .nd nollly L.nd" ImfTlldllltlv In wrlllng 01 .ny default In connoc;bon wllh .nV olhtt sLlCh Igreemlnls.
lo.an Prtx:uds. Usa.1 lOin ptOC:Mdssoltly lOt Borlower's blJ$lne$S operlllom, unles' speot.ea~y consenled 10 IhI conlt.ry by L.n~ In
wnllng.
TlltS, ChM"lJtl JIld Utns. P.V .nd dlschargl ....hln due .~ ollIs Indlbledne" .nd obllg.hons, Including W1lhoul ~rTUlallon .q .ssessments,
lilts, go.....nfl'llnlal ChalglS, "VIn .nd Lens, 01 ....ery kind Ind natur.. Imposed upon BOIIOWII' Of ils p,opertles. Income. 01 proMs, pnOl 10 lhe
dll. on whch p.na1bes would .!tach. .nd IU Iawlul etllmslhal, II unp,ld, fnlQhl become. bin Of chlrQ' upon .nV 01 BOflowlf's proptrtlos.
Income, 01 pfohlS. Pro-.1ded hOw,'f1lt, OOllowlf will nol b. r'Qulted 10 P.V Ind dlSCharg. .nv SLlCh ,,"'smanl, tax, chaIQ', ""Y, bin 01 etllm so
lOng.. (I) thl Itgl~ty ollhl umt shan b' contestld In good flllh bV .pptoprial. proceedings, Ind (b) Dorlow.t shag I\Ivt eslabllshed on lIs
booill 'OIQutt. ,eiIfVIS W1lh l,sp.clIO SLlCh contesl.d lssos,menl, tax, charge, ""Y, ben, 01 dalm In .ctOld.nc. wilh O.ntf.1Iy .ccepl.d
.ccounbng PIICbelS. BOIfOW.t, lICon demand oll.ndor, WIlIlurnrsh 10 Lendlf .'r1dlnc. 01 plymenl ollhe ..s.essments,WII, charglS,lIvies.
bens .nd ctalms.nd wiD .ulhonlllhe 'PPlopl1lle gOVOfnm.nll.I olllCl.llo dellvollo lender .llnV bme I wnllen slllemenl 01 .ny .s""mlnts,
11I11. Cha'glS, lI.....s, ".ns .nd cl,lms.g.ln,1 Dorlow"', properIIClS.lncome. 01 prolit'.
PtrlQfTl1ln<t, PtrlOlm .nd comply W1th .. IClfms. c;ond.\lons, .nd P,O""Slons s.el 100th In IhI, '-greemenl .nd In .1 olhet If'l,lrumanIS .nd
.g'Mmenls b.twllf\ Btwrowlf .nd L.nd., In. brr.ely manner, .nd p,ompUy nollly L.ndlf II BOfIOWIf" IIlIns 011/'11 occurrencl ollny .venl whICh
consbluln In Evenl 01 O.f.ull undtl Ihls Ag,eemenl.
OptnUonI, SubsllnhaDy mllnllln lis plesenl .locUtl.... .nd manaOllmenl pilson",!; condLICllts blJ$ln81s .Hairs In I tNSONblt Ind p,ud.nl
manner Ind In comp..nce W1lh .. IPpllClblt l,dor.l. llale Ind munlClpll law!, twdlnances, luIos .nd IlQullbons Iltpec\lng itS proplrtln,
chart"s, bUSlnesHS .nd eptrallon,. Includ.ng COmplllncO Wllh In mll'llmum lundll"IQ sllndards .nd olhet requ1fements 01 ERISA .nd olhtt taws
.pplablt 10 8OfIOWII"'S .mplo'(Ol b.ntM otlnl.
Inipt:llon. P.rlT\l! .mployoes OIIQ.nl ..ndOI II .n.,. rOISOlUble "me to Inspecllny .nd ~ JIlaltl'IIIOI lhe Loan 0/" loans .nd BtwrOWIf'S
01,.,., propllII,es Ind 10 ell mine Of .u..... BorrOWl!f's boo!.s, .cc;ounls. .nd lecord' .nd 10 mak. c;opies .nd memOllnd. 01 BOfIOw....s books.
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117.JO.199J
La,n No 6000 1682
BUSINESS LOAN AGREEMENT
(Continued)
POie J
locounll, and record., II DOl'lowlf now or II .nv 111M her..n... 11\.11'111.1/'11 any ,ecOId, (lneludlng wllhoullitnllallon compul., ".net.I'd 'ICOId.
and compu.... IOltwlf, p'ogr,ml lot the ",ntI.uon of luch recordl)In In. pounllon of . third party, Borrow.. upon "QUMI of Llndtt, lhal
nobfy luch party 10 permit L,ndtt "N Ice... to luch rICOI'd' ,I I' ,...onable tlmn and 10 provldt tane... w1\h copln of Iny rICOI'd. limit
leq.....'. I' ,I Borrow..... axpenHl.
Compliance CenJllulf. Unlnl w.l.....d In wrlllng by linder, pro'f1dt llndtt ,I '-nl annuI.V and ,llhe lime 01 Nch dilbtnlmenl 01 lOin
prQCMd1 With' cer1lllellt 11ICUlGld by Borrow..... chltl Ilnanct&1 olt\(;.... or other olflcet or perlon Icclpll.bll 10 tindel, cerhPylno thai lhe
rlprewnlltlonl and w."anllel ..llor1h In thl, Ag''''''''/'II .r. tru. and cOffeel II olin. dill ollht ,.,tlllelta and lurtMr ClftJPylng lhal, .. or the
dala otlhe certlr.caa., no Event 01 o.!ault Illlt, undlf IhIt "Or..""n!.
AddltIon~ Auur~n, Mak., 'Iteul. and dtlt...., 10 llnd., .och prornlllory nol.., mOllg.g.., d..d. of tll",l. ~UflIV Igr..ment., ftnarong
.1I1.menll, InlltumentJ, documenl. and other .gr..mtnl. .. L.nd... Ot II. .nOlne.... mav IMlonably I.qUftI to h'lcMnc:l and 1eCUl'1 Ihlloan.
Ind 10 per1tel al Securlly Int.....I..
N[GATIVE COVENANTS. Dorlowtf cov.nanls Ind agrHt wllh l.nd" thai whll. Ihls Agrnmenlll In .Ntel, DorlOw" lhal nol, wllhoultht pilOt
wnn.n con..nl of l.nder:
Indtbltdnru ",d UrN. (I) Exc.pl lor Itld. debllnclNI.d In IhI naUTIli cour.. 01 buSlOMllnd Indlbl.dn.n 10 l.ndtf conlamplaltd bVIN,
AotMment.cr...., Incur Ot a..ume IndtbltdnnslOl' bOl'Iow.d money, Inctudlng eapllal .....1. (bisel, "Insltr, mortglg" a"ign, r>>edQI, ......
orlnl a ~ur1ty Inlernlln, Ot .ncumblr' any 01 Dorrower's ....I.. 01' (e) HI wllh flCOUfM Iny 01 Dorrower'1 aexounll. ,xc,pllo LInd",
Conllnulrt of Oprr~tIoN. (I) Englg. In InV buSIness acbvitill .ubllanttaUy dlfl....nllh.ln IhOll In which Borrow" II plI..nlly Inglgld. 01 (bl
~.. ~lbo"',lIquldal., mIlg..Ir.nlltf, acquit. Ot con.oIldatl wilh any olher .nllly, Changl owntflhip. dillot-.'e 01' "anlltf Ot sell CoIIII".1
oul of IhI ordlnart COUll' 01 bUllneu,
Low, ACQUbltloN ",d Gu.w-Jnllrs. (a) loan. InVlII In 01' .dvanc. money Of anals. (bl purcha.., cr.lt. Ot acquit' any Inlll'lllln .ny olhlf
.nletpn.. or .nbly, Of (c) Incur .ny obligallon II IUI'IIy 01 guttantor olhtt Il\In In IhI Otdlnary course 01 buSl,,"I,
CESSATION Of ADVANCES. Ill.nd... h.. madl an.,. commdm.nllo make Iny loan 10 Borlowlf whlthlf undlf thl, AgrMmenl Of undtf any olher
aorNmanl, l.ndtr .hal ha.... no obllgallon 10 mak,loan Ad....ncll Ot 10 dlwlJ(H loan plOCMdl II: (.) Borrower Ot any Gutr.ntOf" In del.uIt ur.dtr
IhlltIms ollhlt AgrHmenl or any ollhl AalIled Oocumanll or an~' olhtt .glHmenl thai BOfrow., or an.,. Gutllnl()l' hal Wllh Llnd8t; (b) BorlOw"
dllt. btcomn Incompellnl or Inlol.....nt, 1I11S a p.tltlon In b.nkruptc.,. Ot Slmllat plOCNdings, ()I' II adjudgld 1 bankrupl; (cllhll. occurs 1 malnl
ad",," Changl In BOflow1f'1 rlnanclll condition. In I~ llnanctal condlllon 01 any GutranlOl'. or In ItIeI ...a1u. 01 Iny CoIIal....1 ~unng .ny loan; (dl
Iny Gutl.nlOl' INk., Claims or olhtfwl.. alt.mpll to limit, modify or IIvt>k.. loch Guatlnlor'. guaranly oll~ Loan 01' an.,. othtr loan Wllh L.nd...; or
(.lllndtf In good Illlh dIIm.UMillnIlCUI......n lhough no E....nl 01 Olllutt lhal ha.... occurlld,
DEFAULT INTUUT RATE. In IhI .....nt ollHlllllII()l' which IhI Dink does nollce.al.lhl Loan. Including Ihll&ilur. 01 Borrow., to prOVIde lhaI
llnancl&lslllemtnls II requited htf.undtt Ot und" 1M loan Ao,..menl, the IPplicable Inl.,nl raIl on IhI Loan.l()( I period beOInnlng ttv.. (3) da.,..
aftct wrilttn notice of such d.l.utland .ndlng upon the curing olllld noliced d.lault. lhal h'lQ'.... one Quartll' of one pll'ctInl (.25'11.) 101' IhI IVsllhirty
1301 days at II&Id dlllull .nd II'ICI.... In additional one qUirt" (.25'11.) during ..ch Ihlrt( (30) da.,. period Ihttea"1f during which lhe nolle. dellUIl
conllnutS. SUCh delaUlt Inlll'"t r.ln .hall .pply to IhI outstanding principal ballnc. of ttlelloan. Upon IhI curing ollh. nollCtd dalIUII, the Inltf,,1
ral. on IhI lOln.haI r.vert 10 thl InllIdf .gtN~On Inl.....1 rala '''tetivl on IhI dal. on which IhI dellult Is cur.d.
R.lc;HT Of SETOff. Borrow" g,.nll to l.ndtr I conltlClual possessory IICUrlty Inl8l'eslln, and her.b.,. a..lgns. con.....,.., deli........ pltdgtl. and
Iransf.. 10 LInder .. Borrowtf'. righi, !lilt and InlM..1 In and 10. DOttower's .ceounts wilh L.ndtt (whether chtcklng, IIvlngl, ()I' 1011'1I oIher
Iccounl), Induding wllhOut MlT\IlItlon I. aecounts held Jolntly wilh IOmtone t1sa.nd III accounts BOtloWII' ma.,. open in lhe luIU1". .ICIudlng how.....,.
II IRA, Ktogh. Ind trusl accounts. Borlow" .uthOf1Zel l.nder, 10 11\1 Ixlent plrrT\lllld by applicable IIw. 10 chlrgl 01' ..Iort alsuml O'NIng on IhI
tndlbltdnn. agalnsl .ny .nd .. .uch accounll.
EVENTS Of DUAULT. Each ollhl follOWing lhag con$btul. an E....nl 01 Def.ull under Ihi$ Agreement:
DtfMJlt on Indcbltdnru. F.i1ur. 01 BOIrow'" 10 make anv plymant when due on thl loans.
Othrr Dffllllu. FalIur. 01 BOtrowtf Of any Grantor 10 comply Wllh or 10 pll'lorm when d~ Iny olher Ietm, obllglhon, cownanl or condlllon
conlalned In Itvs Agreamtnl or In an.,. 01 IhI ANI.d Documents, or lailUt. 01 Borrow., 10 comply with or 10 pll10fm In.,. other I...m, otIl1gallon.
CO\'lnant 01' condition conlalntd In Iny olher lorHmenl between l.nder and BOI'IOw"" II .ny 'alIurl, olher lhan . IIIUI" 10 pi.,. mont)'. r-
cINabla and II Borrowll' Cl( Grantor, Illhe ease m.y be, has nol been Olvtn. nollCe of. similar b,oach wilhjn Iht preceding lwtlvt (12) monlhS,lt
ma.,. bt cur.d (and no e....nl 01 O.lault wtU h..... occurred) II BOITOWII Cl( GtanlOl'. ,,1h1 ease may b.. an... leceivlng wrlltln nob Irom l.nder
demanding CUI' 01 such laMUI': (I) CUtIS IhI laUlI. within () days; or (bllllhl CUt. reqUlr" mora lhan () d.ys. Immedllltly I"'tlt'" ItepS
which lender deems In l.nder'. sole diICf.bon to b. suHldlnllo CUt. thl I.UUta and lher.."" conllnUl'S and complaIn II t..lonablt Ind
ntCfts.&ry sleps .utfdtnllo product complltnc. a. .oon as rusonably pracllcal.
DtfJUltln hvor or third PMtltS. Shoutd Borrowlf ()I' an.,. Granlor delaull undlf Inv k)an, extemlon 01 aldll. lICurily .grHment, pure"'.. or
Illes .gt..menl. or any nihil' Igreemtnl, In lavor 01 any olher er.dllor or plf$on lhal may maler1lUy a"tel Iny 01 BOITow..... ploperty or
Borrow....I or any Granlor's .bl~ty 10 reply lho loanl 01' perlOlm lheir r.$pecb.... obllgltions under thl$ Agreemenl or an.,. 01 the Relat.d
Documenll.
Falsr SUltmrnts. An.,. warrlnty,l8p,...nllllon, or .lIlImt1\1 made 01 lurnl$hld 10 l.nd" by or on blhall 01 BOITowor or In.,. GllnlOf und., IhiS
~IMmtnl Ot 11\1 A,lIlad Ooeumenls Is lal,. or mWuding In .ny malerlal respect, .Ihef now or .llhI lime madl 01' lurnllhld.
DtfKtlvt Colbttr~IIU1Jon. ThlI ~rMmenl or any 01 Ih. Aelalld Documenls ctIasn 10 b. In ful 10t'aII .nd I"eet (Includlng I.DUf' 01 any
Sleurlly Agr"l'I'IInllo crul. . ....Dd and peritel.d Security In18l'1I11.lany time and 101 Iny r8ll(ln.
INdvtncy, Tht death 01 Booowlf or lhe diuolullon or Iermlnallon 01 Borrow...'. aJistence as I golng bllllntS$, lr\1ol....ncy. .ppolnlmenl 01 a
reeeCvtr t()l' any plrt 01 Borrower'1 pt'operty. .ny as.slgnmenllor IhI b.nefit of cr.diIOl1. any type 01 cr.dilor wor1loul, or tht commancemtnl 01 any
prOCMdlng under any b.nkruptcy Ot lnl0/v9ncy laws b.,. Cl( Igalnsl Borrowtf.
Crtdltot' or Forftlwrr Procudlnp. Commencemenl 01 1000edOlur. or lorftilurl proewdlngs. wl'..(haf by Judlclll prOCHdlng, ""-help,
rtpossesslon or any other melhod. by any cr.dllor of Borrow". .ny cr.dltOt 01 any G'lnlor agalnsl.ny collalll'alseeur1ng IhllndtbltdntU, or by
any gOVllnmanlal agency. This Includel I garniShment. .ltachmanl. or "Vi on or of any 01 Borrower'. deposit accounll wilh lAndii'. How.......
IhI. evenl 01 eerarJt lhal nolapply II lher. " I good I.llh diSpu\a by Borrower or Gr.nl()l'. ..lhI ea..may be, 1110 IhI vtlk)ty Ot '''lOl1Ibltl'lt$S
ollhl claim wt\lch Is IhI b.s11 ollhl er.ddOf or lorf8iIUt. proctec:ling, and II Borrowll' or Gt.nIOl' gives LIndti' Writ\tn notice 01 thl crldilOl' or
forfellure proceeding and IUlnllhos 18$8MtS or I lurely bond lOt lhe cr.ditor 01' forfeilUtI procetding ..lisrae1ory 10 l.nder.
Evrnu ^rfrctlnl Gu.w-",lOt. Any 01 IhI preceding I'I'8nts occurs Wllh tnpecllo an.,. Guarlnt()l' 01 .ny of lhe Indebledness or luch Guarlnl()l'
dll' ()I' becomes Incomp.tent. L.ndtr..t lis opllon, may, bul.hall nol bt t.qulrctd 10. peltn1llh1 GUII'anlor'.lIta\a 10 luuma uncondltlonal.,.lhl
obllgatlonl lri$lng under IhI guaranly In I manner llti$laclory 10 l.nder, .nd, In dolng '0, cUl.lhI E....nl 01 0I11ut1.
Insteurlry. LInder, In good t.ilh, d&8m$ lIselllnr.oeur..
EfFECT OF AN EVENT Of DEfAULT, II anv E....nl 01 Oll.ult $haU occur, III comrTIIlmenll Ind obligaUon. oll.ndtr under this ~r..mtnl or thl
Atlaled Documents or al\)' olhtr .greamant Immedlllely WIlllermlnale Ind. It lender's op!lon, al loan.lmmtdla\tly wit btcOmt dutand payal)It. II
without nollet 01 Iny kind to Borrow", IXcepllhalln IhI ea... 01 an E....nl 01 Olllull ollht typl ~d In IhI 'nsotvency" .ubMCtlon &bow, luch
.exeltrallon.haI b. lutomabc .nd nol optional.
MISCELLANEOUS PROVISIONS. ThI loQow!ng miscellaneous pro'IWonl Itl a part ollhls Aortamanl:
Amrndmtnu. This Agreamenl, log.lher wllh .ny R.III.d Doeumenll, con$lilutn IhI Inlir. undll'lllndlng and agretmtnl oIlhe partin II 10 IhI
matters ..llorth In Ihll ,\grtamtnl. No .llMallon of or amendmenllo INs AgrMmenl lhal b. .fleeu.... units. glvln In writing Ind IIgntd by IhI
party or partitt loughllo b. Chargld or bound by lhe IUel.llon or .mtndmenl.
ApplkJblt Ln. this Acrrrmrnt has bun dcUvrrrd 10 Ltndtr ~nd xcrPltd by Ltndtr In thr Commonwnf\h of Prnnsylv~I~. If lhrrr Is
~ !Jwsull, Borrowtr ~urrs upon Ltndtr's reQUest to lubmllto thr jurisdiCtion of tht ccuns of CumberlJnd CountY, lhr Commonwtllth
or PtnruyIvJl\I~. This All'umtnt Ih~1 br IfWrmrd by ~nd cOfUU\led In xcocdmcr .tlh tht IIWS of tht Commonwt~th of
Prnnsylvanl~.
(JIltlon Hudlnp. C.pliOn f18ldings In Ihls Agletmenl ar. 101 con....nlenc. purposes only and II' nol to b. IJI.Id 10 IntllfPlII or dlllne thl
prOVlSlons ollhll Agt..menl.
Huhlplt hnlrs. AI oollO.llonl 01 Borlower under this Agreemenl shan b. Joinland ......,a1. .nd.D IIr"l"," 10 BOtlow<< shal mean Mch Ind
....-ry Borrow.... This means Ihal14Ch ollhe perlons lignlng below IS rllponllblt l()l' ~I obllglllonsln lhll AgrMmenl.
ConsrnllO Loan Plrtklpulon. BOITOWII agrH' and consenls 10 l.nder'1 wIG or It.nller, whlthlt now or \Iter. 01 one Of IT\Ol'I par1lC1pallon
Inl"..I.ln IhI loans 10 one or mort purcha,.." whllhlr IalIted or urvtlll.d 10 llnder. LInder may provlde. w1lhoulany Mmllatlon whabotvtr.
10 .ny Ont or mOt. purehaltrl, or pollnllal purchasers, In.,.lnlormation or ItnowledQIllndtf may have .bout BooOWlf Ot about.ny othtr mall"
r"all 10 IhI loan. .nd Dorrowll' htrlbY wa!,," .n.,. Ilghl. to prlvlCY II may ha.... wllh I..peel to luch matt... Borrowtr .ddltlonaJy wttvtlany
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07.30.1993
Lo,n No 60001682
BUSINESS LOAN AGREEMENT
(Conllnued)
P'ie 4
,nd .M no"''' o'''~ 0' ""~,,,lIon In'~"'" ., ..u .. " no'." o'.n, ,.,,<cII... 0,,,,,11 ,.."",.lIon In'....'.. Bo"'." "00 ",.., 'hi'
'hi ,...'hI.... ol .n, '...11 p,me'p,"n In'...." wO .. "nsld~.d .. 'hi ,bI",II ,."." 0' .",11 ,n'...." 'n ,... "". "d ." ..." " ,...
rig'" O',nlld ,n"" ,... p,""p.',n '0'..,....1 " 'o,.."",n'. o,,~mng'''' ..~ ,I ,,,,II p,me'p,',n In'....I.. B""." '''''.... .,,,.. "
",,1111 " 0111&' " c,"n,..,"'m 'ha' II """ ha" now " "'" ",'n.' Und.. " ",'n.' .n, p",'ha'" 0' ,...' . p,me'p,',on 'nil'''' "d
,neo""OhlOY "'"' 'ha' ..,.... L,n"" " ,..., p",'ha'" ma, .n'''CO """...', ob,~,h'n ,nd.. ,... LOIn. ""poolI" o"ha ",,,,. "
,,,,,,,,ney" .nl '"'''' ol '" 'n....."n 1110 LOIn,. ""'0."''''''''''''''''"'''''' p",'ha'" o"n, .",11 p.""p,II,n 'n'....'. ma, ",,,,, "
In'....IIIf.flPKtlVI of any p..,onal claims 01 de'en," thai 80llOw8I' may hive Igllnslltndtl.
CQlU JI1d weN<<. BarlOW" 19r..' 10 PlY upon demllnd ,II 01 Linder', oul.oH)oc~.1 upen.", Includll'lQ 1"01011" ,.... Il'lCurlld In
connoe,on .," 1110 p"P,.."on, ..oo,hen, ",,,,.....n' "d ,,,*,,,,n o"N, ......""'n' " m ,onnocllon ..," ,... LOI" made p",,,,,,,'o ,..
.....""'nl. un"" mey ,ey '0""'0" .... " help c"*',,... LOI" "d " ",''co 'N' ...,.."",n', "d """... d PlY 'hi' ,m",n' 'M
,,~""..., "'.1&" '0 '" .""" ",d" "p""." .., L"'"'' ""n,,,' ,... on' L"'"'' IIQ" ..p""" .110'.... " no' ,..... · · ..,...',
,ncl""ng ""..,,' ,.., ,,, .on",plcy p,oo",'ng' I,n,,,,,,,ng .,art. " mo"~ " VlCO" '" ",'om". .11, " Inlunellon), ,pp..', ,,' '"
InllClp.I.d pOIHudgmenl coUtClIon HfVlCft. BOIIOW'- also WI. PlY .ny cou.t costl. In addition 10 ,m olhef turns pro.,;dtd by law,
N,"'''' .. no"''' ......, '0 .. O,,,n "',.. 'Ns ...,.."",n' .ha' b. ,,," 'n .,,"ng ,,' 'ha' .. "00'" ....n IO'UI" ""''''.. " .IIOn
"poo'ed In '110 Urn'ed 511'" """ "". cll.., p..II0' P'IP"', ,,,....., " '110 p,," '0 .lIom ,". no'" . '0 b. ;,,,n .,.... ,dd"" .1Io.n
,b"". M' p,r1y ma, change I" ,",'" ,,, no_ un'" 'N' ...,.."",n' b, ;..ng'"ma' .,,"on no"" " '110 ".... p,...., ",oo,,,,ng'ha"'"
p",p"'" "'hlI no"''' '0 chang. '110 p,r1y" "d..... To '110 ."", "..",,,., by ,pp""b~ ',.." ,...... "",,'han one B"'ow". no""'o on,
B"'OW" d con"M. no'~"o " B"'o''''', F" no"" pUlP...., Bo"ow" ",... '0 '..p L'''''' m'"'''''' ".. ''''''' 0' B""."" '.....n'
addrtU("),
Slvtnblllcy. II. cour1 of comp.ltnljuflsdlCt!an finds any provillan ollhlS AgrtlmenllO b. Invabd Of ul"IInlorc.ablt IS 10 any plfson Of
"'cum,"ne., ,ucll 'nding ,haO not fin'" 'ha' p,,'''on ,,,,lid" u...n',""'" .. " on, ".... p..'o" ,,"'cum.~ne... ",....~, on, ,,,,II
"'....ng p,,,,,",on 'hal" ,..""" '0" ","",he' 10 b. .,INn 'hlI ''''''' ,'en''''''..'''' ,,",,~; 'ow."'." '''' "en"ng p"..on ",nool"
SO modified, It shal b. s"leUn and II olhef proVlSlcms ollhls "or..menl in all olher ,upeets shal llmain va~d and .nlorclablt.
Sublld1arics)nd AmUattl of lorTowtr, To lhe Ixtenllhe conle1l 01 any pfOVliionl ollhll "or..menl makesllapprop'lI'-.lncludu'lg W1lhout
~fnltalion any IIprlHnlahon, wlnlnty Of covenanl, lhe WOld "OOllOWIf'" IS vsed heretn shall Includ' all sublidlarles and IthIIIl.. 01 BOlfowlf.
Notwithstanding the 100IQolng now'V". und., no citcumslancn shalllNI Agf..m.nl b. conlltUld 10 IIqulll Landii' 10 malt. any LOIn 01 olhef
financial acc:ommoclalion 10 any lublldllry 01 a"lllIl. 01 Ballow".
SucttUOl1 and AuIIf\S, All covananls and agreements contalntd by Of on bel'll" 01 Dor'OWIf' Shall blOd ItS successors and "SIgns and ShaD
lnur. 10 lhe b.....fll oltendlf. ItllUCCflIOf1 and assigns. BOI'Ow" sha" nol, how.....r, hi.... lhe rlghllo assign lis oghlS und.. this "or..""nl 01
any Inl....llheleln, Wllhoul the priOf wnn.n conunl 01 L.nder,
SUMval. 1<J wlllanlilS. rap/nenlalianl, .nd covtnanll mada by BOffOW" In IhlS "o'Hmlnl Olin any certlllUI. 01 othlt inlllumenl dtll.....,.d tly
BonowlI' 10 tenOtt undll' this .Aor..menl shal tit consldal.d 10 havt b..n ,.lI.d upon by llnd... and wtIIlurvlvt IhI malting ollht Loan and
~ 10 L.ndlt ollhl Ralllld Documlnls, 'Iglrdlesl 01 any In.....tigltion midi by tendtf Of on l.nder'1 behalf.
T\mt Is of tht WtllCt. nmlls ollha .....neain the p....OImanc. 01 Ihis "o'Hmlnl.
Wlivtt. l.nder 11'1I1 not be dHmtd 10 havtl wtl....d any nohlS undltl' In.s AQreemenl unleSs sueh wa!"'- is given in wflling and l,iQntd by
l.ndtl'. No dilly 01 omIsslon on thl PI" 01 L.nder in ,lercl\lng any right shal DP"II. "I wl~ 01 luch righl 01 .ny olhtl' ogh!. A warN by
l.nder 01 I provislon of lhis AQ'Mmenl shall nol ptlludlCt 01 consbtull a wllv'If 01 L.nder's righl othtrWise to dtmand strict compklnce with lhal
p'.....on "'"' ".... p,"'~on ,"N. ...,.."",nl. No P"" .,...., Lon'''. n" '" co..... 01 ,...ng ..\w..n Len"" I'd B"'ow"."
batw..n L.~ and any GrlntCl. 1M.. consblule a WlfVII' ollny 01 L.nd"'s flghll 01 alany obllgatlonl 01 BOIfO""'8I' 01 01 any GrlnlClII to .ny
lulUl'e "ln$attiO"'. Whentvtllht conslnt 01 Lind" IS IIQull'ed und" IhIs Ag,..ment. Iht grlnllng 01 such con...nt by L.nd. In Iny inltance
lhaI nol consbtula conlinulng constnlln subs.equenllnSl&nces where SUCh con~nt lS IIquilld and In am ca.... luch con$8nl may b. oranl.d 01
wlthhald In the soli dlw.bon at Lender.
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EACH 10RIOWER ACKNOWLEDGES HAV'NG READ ALL TIlE PROV'I'ONI OF nUSIUI'NESI LOAN AGREEMENT. AND EACH 101l0WEI
AGREES TO ITI TERMI. nus AGIEEHENT II OATED AI OF JULY 30. '993,
101101'1"7 1 /' J
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RECORD.'TION REQUESTED BY,
PINNSYLVANIA STATE lANK
2141 MA1KET STIlET
P. 0, lOX 417
CAMP HILL, PA I700H1417
WHEN RECORDED MAil TO:
PENNSYLVANIA STATE lANK
2141 MA1KET STlEET
p, 0, lOX 417
CAMP HILL. PA I700Hl417
SEND 'fAX NOTICES TO:
lkud H. Ilxk and )lnl' E.11.rl
2SlS Old Hooh.., loJd
Ulub.thwwn, P... 17022
Exhibit "e"
RO ERT p, ZIEClER
RE ORDER or DEEDS
CUMD RlAHDCOUHTY.PA
'93 ~ ~ 30 Pl'I 1 ~5
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SPACE AIOVE TIUS UNE IS fOllEC010E1'S USE ONLY
MORTGAGE
THIS MORTGAGE IS DATED lUl Y 3D, 1993, betw.en R1ch"d H. Black .nd ).net E. Block, whole .ddrell II
2535 Old Henhey Ro.d, Ellubethtown, PA 17022 (referred 10 below os 'GronlO"); ond PENNSYLVANIA STATE
BANK, whole .ddrell 11214B MARKET STREET, P. 0, BOX 487, CAMP Hill, PA 17ooJ.(l4B7 (referr.d 10 below
.s 'lender').
GRANT OF MOR.TCACL Fot nkabl. (OIUldtr,lIon. Grantor II"lIllJ, bJl'lJlN, sells, COOVC')1, .wlrns. IIWrrn, nl,ud, connm\l and
mortItltI &0 Lt:ndtr II (It Granlor's righi, tllll, and Inlttnlln and to lhe loIIO'NIng dftcribtd rHl property, logllher wit" aI .mUng Of lubHQUlntly
.1CtId or alftxad bulldll'lQ1. Impl'Ovtll'llntl and ftxturn: II .trllls. linn, &IItyI, pasuges, and w')'Ii II "Mmenlt. rights of way. II kbto1In,
prtv;leg4l, IIl'11ments. hectdlllmenls. Ind IPp\M1l/'llnces IhIt.unlo belonging Of Inyw\sl made appur1lnanl ""'II"", and lhe revenlons and
rlll'lllndtrl wllh ruptCt therelo; II Wlter. Wlter rights, wllercOurHI and dltch rights (1l"dudlng .lock In ublitln with dileh Olln1Oltlon righb); Ind .-
othet rights. royaltlet. Ind prolll1 relating to lhe rul properfy.lndudlng wllhOutlml\ltion II mlnera". 01. 0". Oeothermal Ind almlllr malttB.loalea
In Cumberl.nd County, Commonw..lth of Penmylv.nl. (the "R..I Prop.ny'):
300 Mulberr( Drlve, Borouih of Mech.nlcsbura, Cumberl.nd County, P.nnsylv.nl. os further descrlbed
In Exhibit' A' .Iuch.d hereto .nd by thll reference m.de . p.rt hereor.
The Reol P,openy 0' lu .ddren II commonly known.s 300 Mulberry Drlv., Mech.nlcsbura, PA 17055.
Granlor prtlfnlly lWgt\$ to Llndtr II 0' Gtanlor'l t\ghl. btlt. and Inl..."lln Ind 10 aD INsn ollhe Property Ind I' RtnlS "om IhI Proptrty. In
addition, Granlor grlnll 10 L.nder a Uniform Commerclal Code HCUrlly Inllfulln lhe Plrlonal Ptoptrty and Atnll.
DEfiNITIONS. The followino words lhaI tllve the loIIowIng tflN;n1ngs when UHd In this MortgaO'. T.,ms nol olhWW\t.l dtllntd In this Mot1gaO'lhaI
have lhe maanlng, attribut~ 10 luch I.,ml In the Uniform Commercl&l Code. .... Itl.lnets 10 dollat amounl1 lhal mIIn lmounlS In "w1u1 montY of
lhe Unilld Stain 01 Ameriel.
Grll'ltot. The word -aranlat' means lkturd H. II"'" Io'ld Janlt E.llx.... The Granlor 11 lhe mMgagor under this MortgaO'.
Gu..antot. The word "'Guaraniat' mIInl and Includes wllhOulllmll&Uon. t&eh and I' ollhe gUlllnlOt1. ll.ntla1, and accommodation partin In
connection with Ihllndtbltdnnl.
Impl"OVl1T1tnu. ThI word 'mprovements- means and Includes WIthout 11m/II lion all exlsung and lutll' ImprOVlments. lWurlS. buMdlngt.
IlruelUtn. moblSt homes Itftud on lhe ANI Property,lacilitllS. addlllons Ind olher construcllon on the RNI Property.
. IndlbltOntu. The word 'ndtbl.dnns- mHnl II principal and InlM"1 payable under lhe Nol. and any amounts uplnded Of advlnced by
landet 10 dls.char;' obligations 01 Granlor or upenHS Incurr.d by L.nder 10 .nforc' obligations 01 Granlor under this Mo1OIoe, IOQII,* with
Inlet,,1 on tuch amounlS II provided In this Mortoagl. In addition 10 the Noll. lhe word 'ndtbledntU- Indudn II obligations, debl1 Ind
bbilltla1, pllJllnl"ullhltlon, 01 G.anlor 10 Linder. Of anyone or mort of Ihlm. II well as I_ dalma by LInder loalnst Gtanlor. Of Iny OM 01'
mort ollhem, whalher now txl!ting or ,..,..ner amlng, whethtt rlllaltd or urvtlalld 10 the purpOH or lhe Notl. whathlt voluntary or othttwlM.
whllher due Of not due, absolull or continganl. IIquldaled or unllquldlttd and whet'*' Granlor may be Rabie Individually 01' JoInlly wllh ot,*"
whtlhlt obigll.d II guarantor or olhatwiH. and whet'*' rlCOVItY upon .och IndebttdntsS may be or her..rttt may btcome barad by any
statute ollmilltions, and whllher loch Indebtedntss may b. or hIt.."ar may become olhttWtll untnlOtClable.
Llndtr. The word 'UlId"- muns PENNSYLVANIA STATE DANK, Its succcmOt1 Ind aulgns. Thllandar Is lhe mot1gaQM under Ihit
MO<1Q<go.
MortIlIt. The word "Mortoaoe" muM lhIt Mortgage batw"n Grantor and llnder. Ind Indudn without Imltation &I auJgnmtnl1 Ind s.tcur!ty
Inltt"1 provisions relating to IhI Ptnonal Proptrty and Ranb.
NOlf. The wOfd "Nolar muns thl p.omlssory noli or crldlt agreement dattd JIIY 30, um, In the or1i1rul pr1ndp11ln1ount' or
$160,000.00 from Granlor 10 Lander, 1000lhet with &I renewals 01, ax1analons 01. modiflcaUons of, reflnardng. 01. consoldallOI'll of. and
subslllutions for IhI promissory noli 01' agrDlmant. Tht malurity dale ollt'lls Mortoaoe Is Jury 30, 2008. NOTICE TO GkANTOIlt THE NOTE
CONTAINS A VA1IAILE INTElEST tATL
PlllOn~ Proptny. The words "Plflonal Propertf tTIOIn aD equlpmenl.IlxILKts. and olher II1lcIts 01 ptrIOnaJ proptrty now or httNIItt ownad
by Granlor. and now 01' her..".. attachld or alftxtd 10 lhe RMI Propttly; logether with II acceuIonI, parts, and additions 10, &I reptacemtnll of.
and &I aubslilutlonslOl'. ary 01 .och property; and logether with II proeMds (Including wllhout Imltallon aIlnsLKance prOOllds and refundl of
pramlums) from any IlIe or olhtt dispo&lUon ollha Property.
Proptny. The word"Propertf means collecllvely lha Roll Property and lhe PtrlOnaI Property.
leal Proptny. The words 11..1 Ptoperty" mun the property, Inl.,,,I. and t\ghts desctibtd above In IhI 'Otani or Mor1Qaga- seclIon.
Rdnld Documtnu. The word. 11,laled Documents. mean and Induc:Sl withOut Imltallon &I promluory nolet. ~I aor..mtnl1. loan
agr..mtnls, gUIFanUts. lICurily agr..menlS. mortQagn, dlads oltrusl. and" ot'* InstrumenlS, agtNments and documents. whtlhtt now 01'
hIt..rttt a.dItlng, IXlCulad In connection wllt1lhe Indeblld",".
ltnu. The word "Rants. me.ans II pr...nt and future renls, .......nun, Income. issUM. royaltIeS. prollts, and olhll' btl'llflls derIYtd from !hi
..,..".,.
THIS MOlTGAGL INCLUOING THE ASSIGNMENT OF tENTS AND THE SECU1ITY INTElEST IN THE lINTS AND PElSONAL P10PElTY, IS
GIVEN TO SECURE (I) PAYMINT OF THE INDEBTEDNESS ANO (2) PE1FOlHANCE Of AU OBLIGATIONS OF GlANTOl UNOEl THIS
MOlTGAGE ANO TIlE lELATED DOCUMINTS. THIS M01TGAGE IS GIVIN AND ACCEPTED ON THE fOLLOWING TElMS,
PAYMENT AND PERfORMANCE. Etctplll olhefwIH provided In IhIs Mortgage, Granlor Ihd pay 10 LInd. &lamounta MCl.nd by IhIs Uor1QtoI
u lhey become due, and shaB sltlclly pttform .. 01 Gtanlor'l obligatioi'll underlhll Mortgage.
POSSESSION AND MAINTENANCE Of THE PROPElTY. Granlor agrte. lhal Gtanlor'a pouesslon and UH oIlhe Proptrty IhaI be govwntd by tht
lollO'Nlng prOVIsion.:
Poumlon ~d USt. Unl~ In dellull. Gtanlor may "main In possenlon and conltol 01 and operl" and mat\IQIlhl Property and coIltd the
Rlnts from the Property.
Duty to HoJInuln. Grantor shan maintain Ihe Proporty In t,nantabl. condillon and promptly pttform al rtpm. rtplacemtnl1. and maintenance
nec,,"ry 10 prtS4IIW lIS varut.
Ha.urdouJ SubsunctS. The letm. ""l&rdou, wIIII.- ~doUl IUbstanct," "'dlspoaal.- "rMUI: Ind 'UvNllnad ,...... u WICIIn WI
Mort\)lgl. ,hd ha....lhI..ma munings II ..Ilorth In IhI Comprahenslvt EnvtroM"llnlal Response, Comptnp.IIon, and UlbIItY Act of '880, U
amlMed, 42 U.S.C. StctIon 9601. II Pq. rcERClA1. the Superfund Amendments and RNuthotl:a~ Ad of '*, P1b. L. No. ;9-4W
rSARA,.lhe HawdoUl Mat.rlall Tranlportlllcn Acl. 4~ U.S.C. Stcllon 1801, IIIIQ.. 1hI RelOlXCl ConHrvallotl and Rtcovtty kt. .; U.s.c.
Stellon e90l, alllq., 01' olhtt appliClbll .lall or Fedtrll taws. rules, or regulations adopt.d pUtllJlnt 10 any of tht fortOOIng. Tht \ennI
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07.30.1993
Loon No 60001682
MORTGAGE
(Conllnued)
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WflU.lldoUI wnl." and "hllA/dous subst.nc," stllll ,Iso lrICludo, w,thoul Ilmlt,hon, pel/oleum end pol/oleum by-products (ll' '"ylllellon Ihl'eol
and ubulal. OllnlO1 "pt."nl, InCl wlrllnl. 10 lend., Ihll (I) OUflflg lhe p81lod 01 Gr.ntor', own'flhlp 01 the PlOp"ly. Ih,r, hn bM" no
un. g.nerlt,on, manyl'Ch.llI, .1000'~'. trulmenl, d.spoul, ,.Ie.ne or lhf,.re"ed felen_ Ol,nr fl,u,relaus wul. Of IUbll.nce b, '"y pIIIon on,
undaf,OI abOullh' Propefly; (b) GrenlOl' hn no Io.no....llld\l8 01, Of renan 10 bell'.....lh.I thel' hu been, ,,,clpl as prl\/lOUily C1I$oClos.ed \0 .nd
1,lo.nOIll..dgld by linde' In ....nhng, I'I an, US,, genll'lhon, In.nul.cturll, ,IOflge, lflllment, d'SpOI.', ,.I'UfI, (ll lhr."II"ld "leuI 01 Iny
h'UldoUI \IIIul. Of substanc. b~ In~ pilOt ollm.,s Of occupants 01 lhe P'ope,l~ Of (~).ny .clu.1 01 Ih'Blllnedlollgalion 01 claims ol.ny ~Ind by
.ny pCllson 'Il.llng 10 such m..n.,s; end (cl Eaelpl" pllVlOU\ly dtlCl~ed 10 end ac~nowtedgod by lende' in wnllng, (II I\tl.I/le, G,.nIOl nOf .nf
I.n.tnl, conlraclOf, ellenl Of Olne, .ulhOfIZld ute, 01 the P,opolly sh.11 ute, gen8lale, manulaclule, slOl., l.e.1, d'spOU 01, Of '1IeUI any
h.urdOUI willI or subslance on, under, 01 eboullh. Ploperly and (~Iany such IC~Vlly IhaU be conducled In compllen" WIlh aU eppliClblt
led..at,llele, .nd IOCIII.""., regyllllons .nd ordln.nus, U'IctYdlng wllhoul ~mll.lIon Ihose laws, '8Oylallonl, .nd Ofd.nlncel dllCllbed eboVl
Gt.nIOl aulhollles lend., .nd III .g.nls to enl... upon lhe P,op...ly 10 INk. SUCh inspections end lash as lende, may dHm ,pplopfI.l. 10
d.lermf\e compt..nc. 011,.. Property Wllh tNS section ollhe I.4Oflg.g'. Any Inspecllons or lesls mad. by l.ndtt shan be lor l,nder's purpQSe\
only and Ih" nol b. consllu.d 10 tful. any f8$ponSlbllity Of b..blllly on Ihe p.,1 01 lendtt 10 Gllnlor Of 10 ,ny olner pe"on. The IIpresenlahons
and wa,"nhn contained h.'lIn lie b.sed on GflnlOf" du' d.hgenc. in in....st>g.hng I,.. Propltfty IOf hallldou, Will,. Gr.nler herlby (II
,eleases and WIIVI' .ny 'ylu'l clllm, .gllnsl L.nd., fer IndemM)' 01 conll1byllon In lhe .....nt Gflnlor beco/T'le$Ilablelor cleanup Of olt\tf CO\ls
un~ .n)' ,uch Iaw',.nd (bl.grNs 10 Indlmtlll'y .nd hold harml,ss L.nde' agllnsl..n)' and.a ClalmS,losse', IIIb.lllles, d.magll, penall..s, and
..p.n'.. whlth lenGer nlI.y dl'Klly Of tnd~lCll)' ,ysl,"n Of 'utl.r r.sylhng I.om . brBleh olltus secllon ollhe Moog.g. Of IS . conUQUlnc. 01
.ny UN, g.ner.bon, m.nulaclur., .100Ig., disposal, ,.leas. Of Ihre.lun.d 'elea.se OCCUlllng pllor 10 GrlnlOf'1 own.rshlP or 101,,"1 In lhe
P1op..ty, wl'4l,..., 01 nolltle Uma Wit DI sho\~d ha..... been ~nown 10 GllnlOf. The prOVISions 01 this seellon 01 the MOOgag., including lhe
otlllg.bon 10 Indemnol'y, Ihln '1,lIVI..., the p.ymenl ollhe IntJ.blldne~sand 11\8 ..llsllclion Ind ,econv.ylnce 01 lhe Len ollhls MOf1g'IIi1lnd shin
nol be .tleclld by llnd."s 'cqur~llon 01 Iny Inl".SI In Ihe Properly, woolhel b~ 100oclosUle Of clh.fWlse.
N~I1~",r, W,lur, GI.nlOf ,h,_ nol calts., condl.lCl 01 plrm,l Iny nutUnc. nOl commll, p.rmll, 01 sutl.r Iny IlflPPlfllJ 01 Of Will. on Of 10 IhI
P1op..1)' 01 .ny pOltlon ollha P,opert)'. WllhOyl !lfT\jhng the g.nerlbly 01 lhe loregOlng, GrlnlOl wig nol IImoV9, 01 grlnl 10 eny olher party lhe
rlQhllo ,.mov., Iny bmb", ""I\8I1IS (u'clu(f.ng 001 end gasl, 'od, gfavet Of ,ock p.oducts wllhoulthe pllor wllllen conunl olllnd".
RtmO\'~ of !mplovemrntJ, Gr.nlOl Ihll nol d.mollsh OII.mo.... ,ny Improv.m.nts horn lhe ROil Prop.rty Wllhoulltle ptlOl wrln,n conllnl 01
l,nd.., A'. condl~on 10 Ih. '.mo....l 01 .n)' Improv.menl', l.nde' may '.Qulfe GI.nIOf 10 make .rrlngemenls sallsllClory 10 lender 10 replac.
luch Imp,o...tunanls wllh Imp,ov.menls of II lenl.QuII v.lue.
ltndrf'1 Rllhl to [ntrr. lend.r Ind rt, .g.nIS and ,.pr85lnl..bves may enl., upon lhe Re.' Prop.rty .1 .1 'easonable bmes 10 .n.nd 10
l.nd..',lnllr"ls .nd 10 In,ptcl IhI P,op"ly 101 PUfPOSes 01 Gflnlor'l compbanc. wllh lhe lerms and condlllons 01 Ihl' Mortglg"
Ccmpllu\(f ..lIh GO\trnmrnul RrQUl'rmrnu, Gr.nlor,t\all promplly comply Wllh an law" OIdlnlnc~, Ind '80ulabons, now 01 her..".. m
.lIeel, 01 II go....'nmental .ulhonl>es .pphcable 10 lhe use 01 occupancy 01 lhe P,operl)'. Gr.nlOl may conlest In good 1IIIh Iny 'UCh 11'1'1'.
OIdlnance, Of '&Quillian Ind WIthhold compll'nc. dUflng .ny plC)c8Gdlng, including .~p,opnal. Ipp.all, so long" G'lnlOf has nobhed Undtl' In
wnbng p,IOI 10 dOing so Ind 10 10ntOl n, In linder', ,ole opinion, lende", InlOfests In lhe P,op.,ty .r. nol /80plldlled. l.nd.' may '.QVlle
GI,nlOl' 10 poslldeQu.ta ~l,II'lfy or a sur.l)' bond. r..sonabty IIllsl.clory 10 l.nder, 10 Pfolecll.nd.,',lnl.,.sl.
o...tY ll) P,OIr<L GI.nlOllgrNs OIllhlllo abandon nOlIe..ViI unallend.d Ih. Prop,rly. Grlnlor ,h.n do III olher acls, In .ddlllO'llo Ihose .els
"IIOllh above in IhIS leehon, whlCh from the chartel" and USO ollhe P,operty are r.asonably noceuary 10 prolecl.nd p'eS&fVt the P'oc.,fy.
DUE ON SALE, CONSENT BY UNDER, L.ndlll may, .1 liS opllon, dectlle Immedlllety due and pay.ble.n sums 58Cu,.d by ttus upon lhe salt Of
tr.nsl.., wdhoullhe l.nder', P(lOl wrITten consenl, 01 I~ 01 any p.,1 01 the neal P,opOlly, Of .ny Inler"l in the Rill P,op.rty, A .....1. 01 trlnsfer"
me.ns In. con....y.nc. of RI.I PIOP8lly Of any IIglll, Itn. Of lnl.,ISllhel8In; whelher legal 01 .QlSIlable; wtlOlher VOIunllry OIln...Olunllry; whelher by
Oylnghl "", d..d, mslllmenl SI" conlreel, lend conlllcl, conlr.cllOl deed, loasehOld InlOlnl wllh a 101m gr..I., lhan Ih," (3) y..rs, Ie.~bon
conltlcl, or by "1e,IISlQnmanl, or b.n,IO!" 01 any b.ne~illlnl.rlSlln 0110 any land 1tU\1 holding bIle 10 lhe R..I PrOPllly, Of by .ny olhll' melhod 01
con....y.ncl of Aul Property lnlll'SI. II Iny Gllnler II a COlpOl.lIon 01 plt1norshlp, h.ns'" 11'0 Includes .n)' cha.ng. In OWnelShlp 01 more Itlln
tw.nl'f-1rve p.'c.nI125''101 olllle "'Oll/'IQ Slock or pat1no1shlp ml",.SIS," the ClSO may be, 01 Gr.nIOl. How.....', IhIS opllon shat nol be IXfl'C1SOd by
l,ndlf If 'l.lCh .XO'CISe is prOhiblt'd by led..al IIw or by P.nnSy1v.OIIIaW.
TAXlS AND LIENS, ThllolIowlng P'OVlSlonS 'tilling 10 the WOI.nd ~ons on the PrOP8lly .r. e p.rt 01 ltus M0I1glge.
hymlnL GranlOl' st\aU ply ."hen duel.nd In ,II eVilnls pnOf 10 delinquency) II ta..s, p')'TOll I..es, ,peclllle..., assessmenls, wiler charges
.nd "'1'1''' lGtVlCe ChalllltS IeVllcl agllnsl or on lceoynl 01 the P.operty, .nd shill p'y when due IU cl,"ms 101 wOIk done on 01 IOf 'erVICes
'Indered 01 malo'ial'urnlShed 10 the P,operty. Gllnlor shall malnlaln IhO P,oporty llDe 01 .11 hens haVIng pliOl'lly o...er 01 OQuallo lhO intltfOlI 01
L.nd" undaf ltus I.lortg.ge, a.c~IIOl'lh. ~on oll..es Ind .ssessments nol due, .nd e.ceplas OlhafWl" prOVIded In lhe lOIlOWlng p.ragrlph.
Rllhl To Contrll, Grlnler may wllhhOld p.)'menl 01 any III, Issessmonl, Of cl'lm In connocbon wllh. good 1"1111 dlspule over the cObgabon 10
ply,lO long IS l.ndor's lnle'nlln lhl P'eporl)' IS nol f8oplrdl18d. II. lIOn arlS85 Of IS '"ied IS I ,esull 01 nonp.ymenl, Gllnlor sha.n Wllhln flnHn
(15) cll~ Iner lhe"n '"1e' OI",d a Lln" fll.d, Wllhln ~n..n (15) dlys .ner Gr.nlOf has notiCe 01 the hUng, secur.lhe dlscha./ge ollhe ben, 0111
"Quesled by l,ndlt, depOJll wlllIl,nd8l' cash OI"YlhCstnl CorPOfII.lur,ly bond 01 olher leCUllty UIl,I'Clory 10 llnder In In .mounl suMclenl
10 dl'..cha'lI. lhe Iltn pIllS an)' c01ls Ind .1I01/lGYS' 1001 01 01/'101 chalgos lhal could .ccrue.s . rltSyl! ola lOfOClosur. 01 salt under lhe ken. In
Iny conltsl, GllnlOl ,hal d,Iend IIsell .nd l.nder Ind Shall UIl'1y .ny .d....rso Judgmenl b.lor. ,nlOfcemenl.gllnslthe Proport)', G'lnlOf sha.a
"'mil l.nder IS anedd,llon.l obt.g.. undOl .rl~ IUI.ly bond lurrwshed in Ihe conle,1 proceedings.
hidtnce of Pl)'mrnt, GrenlO! ,hili ypon demand lur""h 10 lend.r "ll,fICIOl'Y eVldenc' 01 p.)'menl ollhe Iv.. Of lSs.tssmenls end IN_
,ylhon1e 11'\8 Ipplop,..I. gove,nmenl.., otllc...1 10 do~v8t 10 l,nd.r al .n)' 11I1\e . wlIll.n slllemenl ollhe tues .nd .,""menl, .gllnsl lhe
Property,
NoUe' of CoostNctlon, Gr.ntor ,hel nobly l,nd., llleaslllneen (15) dlYS b.!OI. Iny wOfk it commenc.d, .ny servIcflar, lurnished, 01 any
malerlalt Ir. supplltd 10 Iht P,operty, it IrlY mechaniC" b,n, malonalmen's ~.n, 01 olher lien could be> assertld on accounl ollhe won, seMCfl,
Of malerialS. GrantOf W1II upon "Quosl ollende' IU'Mh 10 lend.r adv.nce ISSUt.nut SllIsllClory 10 lender 1ha.1 Granlor can Ind W1lI ply lhe
casl ol,uch ImprOVflmanls.
PROPERTY DAMAGE INSURANCE. The IOlloolling prOVISions relallng 10 IOSurlng lhe P,operly ar.. p.rt 01 IhIS Mortglg.,
H~jnlrn.ance of IlUl.Iuncr, GranlOf shill procure .nd mainlaln polICIeS 01 '"re IOsur.nce Wllh standard ,xlend.d co.......g. .ndOl'l8menls on I
r.placemanl bUIs 101' the M lnsurab~ ....Iu. co...O/lng Illlmprovem.nls on lhe Rul Propttty In .n .mounl'ul!lCiGnl10 ....oId .ppbcahon 01 .ny
COlnsurlnce ctaUH, and Willie Sland,'d mOOg.goo clluse In 11"'01 oll.nder. PoliCleS shAl be wnllan by luch Insur.nce complnies and in 'UCh
lorm IS may b. r."sonably .cceptable 10 l.nde" G'lnlOl ,haa delrvet 10 lendef cerbflcetes 01 cover.ge from Nch insorer conlajnong I
'bP~lbon lhal C0V8l1g1 w-. nol be canc.nod 01' dlmtl"llshod Wllhoul I mil"llmum oll.n ltO) days,' pllOl wnll.n nollC. 10 l.nder Ind not containing
any dis.claimer olll\e insurll'sliabillly 'OII.I!lJIIlo give SUCh nobCO. Should the Real Property al In~ time become localld In In ar.. designa~
by lhe D~eeIOl ollhe Feder.1 Eme'II'ncy Mlnalllmenl Agoncy es . spocia.lllOOd hawd "1', GranlOl'lgrees 10 Obtain .nd maintain FedtI.1
Flood Insyr.nce, 10 lhe o.l,nl such inSurlnce is I.QIJII".d .nd IS or becomes 1...lllable, IOf lhe 111m ollne loan ,nd 100Ihe lull unpaid prinCip.1
belance ollhelOln, 01' lhe maximum .mll 01 coverage Il\al is 'Vlllable, whichever is Ies,.
Applbdon of Procr.dI. Gr.nlor shal p,omptly nohly l,nd.' olinI' loss 01 d.magtlo lhe Property. lend... mey make prool 01 loss il GllnlOf
1111,10 do so wilDn MHn liS) dl~ ollhe asually, Whether or noll.nder', S8Cunty IS lmp.lred,l.nder ma~, II its election, 'Pply lhe proc..ds
10 IhI rteluebon oIlhe Indfblodness, p.ymenl ol.ny Istn .Heeling lhe P,operty, OIlhe r85IOf.lion .nd ,.plil' of lhe Property, lIl.nd., elects 10
IPPIy lhe proceedS 10 'tslOllllon and ropalr, GrarlIOlshall8p'll" 01 r.plac. lhe damag.d or desltov-d Imp,ovements In a manner "\lJfaClory IQ
l.nd..,. londer ,hall, upon Sllrsl..clory prool 01 such expenditure, p,y Of reimburse GranlOl' !rom Ihe proceed"OIlhe r..sonable cosl 01 r.p,ir
01' ",Iorlbon d Grlnlorls nol in d.l.ull he'lynder, Any proceeds which have not boon dISbursed WIthin 1&0 0l'fS Ifter lheir recelpllnd which
lendi' his nol commn.d 10 Ihe ropll' Ct tlnlorlllon olltle P'OCerty 'han be used mllo ply Iny .mounl OWIng 10 l.nder under IhIs MOI1g.ge,
lhen 10 prepa)' .ccrued inlllesl, and lhe remainder, ilany, Shall be applied 10 lhe pnnclp.l bll.nce of the Indebtedness, Ill.ndet hOId,.ny
p'ocfl4td,aner paymonl in lull 01 the Indebledness, such p'oceeds shan b. p.id 10 GranlOl.
UnU;llttd Irullr.llrlCr ~l S.alr. Any un..p~.d InSUrlnc. shan inyre 10 lhe bone!ll 01, Ind pass 10, lhe ptJl'CN'''' ollhll P'opeIty covered by lhiS
Morloage elarly !rusl..'s Silo 01 olhar sale held ynd,r lhe p'OVl,ions 01 IhIS MOf1glg., Of eleny loreclmur.1I.1e ol,uch Property,
Gf,"tor'l arport on Inlur~nc., Upon rOQuesl oll,nder, hOw....o' 1'101 mOle Ihln once I year, GrlnlOf shalllurntSh 10 Lendlt" repor1 on 81ch
'.lJsllng pol'l:y ollnsu"nc. shOwing: (1Ilh. name 01 Iho In'Ufll; (b) lhe rIsks Insur.d; Ic) lhe .mounl ollha polICy. Idl the property In,ored, lhe
lhen correnl'optlc.m,nl ~'llue 01 such property, end lhe mann&l 01 d.lermlnlng lhal vllue; .nd (o)lhe Ixplr.bon dll. ollha pOlICy. Gt.nIOl
Shal, upon "QUell 01 Lender, ha.ve.n Indopendenllppfl1le' sabsllclory 10 l.ndflt delermine lhe cash value "placemenl cosl of !he Property.
T,A'( AND INSUUNCE JlESERVLS. Upon reQunl by l.nd., .ncIsyb;ecllo .ppllCl.ble law, O,.nIOf shal ply 10 l.nder 81ch monlh on lhe day
p.ymenlS .r, due under lhe Nolo unllllh. Nole IS p,"d In Iyll, a sum ("E~tOW Funds.) eQulllo one-lw,tnh 01 (1).1 Innual tun, sptcl&l Wn.
usenmar'S, .....11., Cha'ges .nd "Wet" SOr'o1C. Cha.rg.s leV\8d .galnsl 01 on Iccounl 0111'4 Property end (b) .nnual pr,mums lOt pOlideS of III.
InSl,ll'lnc' wllh e_ 'Ilks standard ...I,ndod eo- ,.ItQulrod undor IhtS Morlg,ge {"ElCIOW ".ms,. I Ger may "IImal.lhe lmounl of Eaerow Funds
on ..'Ie t)UIS 01 currenl dala and. re..sonll 111"",le of lulure EKrow lIems. All Escrow Fundt II b. held by l.ndlt' .nd IPpled 10 p.y !hi
ESClOw lI.m, ~hen due L.ndpf w~1 nol ct ~r\l.'Of holdll'lQ .nd IPPlytng lhe Escrow Funds, .nal)...'O lhe .ccounl, Of ver1f)ing lhe EICIOW lI.ms,
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Q7.;0'1993
Lo,n No 6000 1682
MORTGAGE
(Conllnu.d)
P'i.3
unlen Lind" paY' Grlntor Int,ru' on thl EKrow Funtll and applICable Ilw ptlmt, land" 10 mak, luch . charge. GrlnfOl' and Lind., may IgrM
In wflbng lhat Intl/,st,hln b. plld on the EKfOW Funds. Unit" In agrMmenl il midi 01 appll(ablt law '.qUIfI' In!lM"llo bt PliO, Lindti' IhlK nol
b. IIQUlItd 10 pay GflntOl Iny lnl'I'" or lAming. on lhe ElerOw fundi. The EloCfOW fundi '" PledQed Ii Iddibonal hel.ll'lty lor IN .mount.
'KuriO by IhI, Mortglgl. 1I1"" amount ollne Es.c;raw Fundi hold by Lind." log,I"" Wit" the lull.lll mOfllhly p.yment. of ElelOw Fundi pnor 10 Iht
oue dllQ of If\I ElCfow lI,m., thll txtHd IhI amounl IIQUartd 10 ply Iht EKlaw 111m. whln dUI. IhI 'Ke'" thll be, " at,nlo". opbon, ..,,...,
prompUyrepaid 10 Grantor or cr,dll,1f 10 Grlnlor In IoChtduled p.ymenl. 01 fs.elOw Fundi. Illtlt amounl 0111'1I EsctOw Fundi held by llnd" /, nol
'utt.cllnllo PlY IhI E$C'ow II.m, whln dUl. GrlntOl' shlin pay 10 l.ndlt I"y .mounl nGCnu,y 10 maltl up Ih. Olfcllney In onl Of mOIl Plym.nt. 11
r'QUlledby llndlt.
EXPENDITURES IV LENDER. II GrlnlOlla~s 10 compty Wllh any p'o"'~on or Ihls UOl'1glg.. Of If Iny Icbon 01 P'OCMl)lng tI com/Tllnc:ed 1t\l1 wO\~d
materialy affKll.ndIf's Inllfl1ls In IhI Pl'O(Ierty. L.nd" on GrantOl"S b.t\alf may. but ,hal nol ba flQui/ld 10. "'It I Iny lebon lhall.nt* IMtm'
approprlat.. Any lmounllhal Llndlt up'nd. In so doing Win bllr lnl.rlll IlltIt rail chalg.d undet 11'1I Noll from the dal. Incurrld Ol' p'id by
Llndtt 10 11'1I dall 01 "p,Y/Tllnl by GflnlOl'. AII'uch 'lp.nHS, .Illnd.,'s option. Win ('1 bl plyab'- on d,mand, (bl bl Idd.d 10 IhI b.l.nel ollhe
Note .nd bl IpportiOllld Imong Ind bl P'Ylblt Wllh Iny In.Ia'm,nl plyment. 10 bKome dlJl dlM'lng 111,* (illhll...m ollny IppllC1blt In'Ul'lncl
poley 01 Ill) lhe f'"lI.lfllng I...m or lhe Note. 01 Icl batrNt'd 11 I b'-oen paymenl WhICh will bl dUI Ind p.Ylblt lllhe Notl" matunty. T",s
Mor1glQlI1SO will HeUfI payl1llnl 01 IhnIImounls. The light. p,o.,.,dad 101 in ttv. paragrlph lhaq be In IOO/bon 10 Iny ol~ 'lQhl. Of Iny fI/Tlldll1
10 wf'll(h LInd... may bl Intrllld on accounl 01 ttlll dlflull. Any such aellon by llnder ,hI,D nol bl eonstruld IS curIng IhI dlllUII.o IS 10 b.' llndll
Irom .ny fI/TIIOy lhalll olhllWlHI would have had.
WARRANTY, DEfENSE OF TITLE. The 100IOWlng pfo.,.,~on. r,lllIng 10 OWrltr.htp ollhl P,oparty Irl I prrt ollhlS MOIlglgl.
TllIt. G'lntOl' wllflnls IN.I: (I) OllnlOl hold. gOOd Ind m&lhllblt bill 01 'ecOId 10 IhI P,operly In I.. "mplt. fr.. InO clM, 01 IINns Ind
'rcumbfll'lCl1 01,* lhan IheM ..IIOIlh In lhe Atll Pr,optrfy dtscllpbon 01 in In., bUll insurancl polICY. blll repOlI. or liNt tlnl opll1lon "'Uld 111
IIVOl' of.lnd I~plld by.l.nder In connecbon wllh Itvs Mor1g.gl. .nd (b) OllnlOf hI.lhI lulllghl. POWI'. .nd 'ulhOllty 10 Ileculll .nO O'~v.r
Ihls Mor1glg. 10 Lendtt.
DrrtNe 0' Tlue. SubttcllO IhI IxctpbOO In IhI p".gr.ph .bo..... Gr.nlor warllnls Ind WIIIOlIVIf (Mllno lhe IIllt;lo IhI Propll'1y 'Olll1sllhe
IawtlA dalm of .1 plf"sons. In !hi .....nl Iny .ellon Ol' PIOCMdlng IS commercld lhal Qunllons Gr.nIOl'" btll Of lhe Inttl"1 or Lendlf undlf IhIS
UOo1QIge, Gr.nIOl ,hal dll.nd It'll .C1lon .1 Gr.ntOl'" uptn~. Or.ntOl may be IhI no""nal parlr In such plocMdlng. tlu1 l.f\dIt shal bl
.nhllld 10 p.rtQpallln lhe prOCMdlng .nd 10 ba 'epr...nt.d Inlhe proceeOlng br counst( of l.nd"" own ehOieI. .nd GI.nIOl' will del.v", 01
ClllSllo be dellver.d. 10 l.ndlf such In.trumenl. as l.nder mlY IIQue~1 from bme 10 11111I10 p'lmll such p.rtlclp.tlon.
Com~I.ance With llw1. OtanlOl w,r,.n!s lhal lhe Prop.rty .nd OllnIOf'S U1I 01 lhe P,optrty compl," wllh .1 exlSllI1g .ppllClblt It......
etdlnaneet. .nd regullbons 01 go~nmenlal'ulhOl'1Il11.
CONDEMNATION. The lolIOWlng plovrslons leI.bng 10 condemnabon ollhl Property .rl I p.r1 01 this Morto.ge.
AppUmlon of Ntl Procuds. 11.0 or any p,11 of IhI Property is cond.mned by ,IT\jt\lnl domaIn plOCMdmgs Of br .ny proc..dlng 01 pUfchlll
In ktu 01 cond.mNbon. l.nd" mar .1 lis .!ocbon r'QUlfell'lll.1 Ol' .nr pOltlon ollhe nel plCCOlds 01 lhe aw.rd b. .pplotd 10 lhelndlbl.onn.
Of It'll tlp'lt Of 111100.bon ollhl P,operty. The nel P'OCMOS ollhl ,wlld .ha' maan lhe IWlrd III" p'rmenl ol.D Iclu.1 costs. l.p.ns.n, .nd
.nor,..,...'l", II1CUtT.d br l.ndlf In connecbon \lr1th lhe condemnahon.
Procttdlnp. II Iny p'OCMdH'lg In condemnabon IS IIlIO. GllnlOl' sl'lll pfompll., nollty l.nd" In Wflbog. .no G(lnlOl shal plomplly Iaka .uch
.Ieps IS mar ba necflSlry 10 del.nd IhI.cbon Ind oblaln lhe ,wlld. Grlnlor msr b.lhe nomll'\.1 party In 'uch proc..ding. bul Land... 'hi' b.
Inblled 10 p.rtielp.taln lhe prOCMdlng Ind to be flp,...nled In IhI prOCeeding by counHl Ollis own chOiCe. Ind GrantOl wlll delrv.r Of clltHlO
b. dllrvlfed 10 lindei' .uch InstrU/Tllnb as mar be flQunltd by II 110m bme 10 lime 10 per",.1 .uch pIlIICIP.1I0n.
IMPOSITION OF TAXES, fEES AND CHARGES IV GOVERNMENTAL AUTHORITIES. The loIIOWIng prOVlIlOnt rtlabng 10 go....,nmenlallun. I",
and Charges Irl I pll1 oIlhis Uor10.ge:
Currtnl T1J:ts. Ftts and Ch.ItJtl. Upon flQUlSI by Lender. GllntOl shal Ilecule such documents In IdOlbon 10 lhis Moog.g1 Ind Ialt.
whiteVII' ot"" IcbOflIS flQIJ81,I.d br land.rlo plffKI .nd conbnl.lllendtr's Nn on lhe Aell Property. Ollnlor shal 'IimbUfM l.nder 101' aI
WI1. II dKcnbId bIlow.logll"" Wllh.1 axp.nsn ll1Cl.Ifl.d In recOldlng. perlecbng 01' conbnulng IhiI Mortg.g.. incluOu'lg Wllhou1 .IT\ltallon II
wn. I.... documentary sl.1mps, .nd olhef ehllgn IOf 'KOfd1ng Of 'egiSlenng IhI. f.4or1g.gl.
Tutl. ThllOIIO'Nlng shill conSblul. lull 10 whICh Itvs secbonlpplltl': (I)e ,poclhC lax upon Ihls type 01 Mor1g.g. Of upon aD Of an., p.rt 01
Il'IIlnd.bl.dness heu,.d by IhlS MOIlg.ge; Ib). ,poclflc lax on Or.nlOl' which OllnlOl' Is ,uthOflled Of r'Qul/ed 10 d.duel from p..,.mtnIS on thl
IndMlt.dnns SlCUf.d by lhil type of MOItgagl; (C) I lax on I"" typ. 01 MOf1glge er-.a'geablt .g,lnsllhl l.nder Of the holder 0111'1I NOI.; .no
(d)' spt(lflc lax on II Ol' Iny portion ollhe Ind.cteOness or on plymenls 01 pnl'l(lp.l.nd Inl.rnl macll by O1.nIOl,
SubstQUtnt Turs. IIlny lax 10 whiCh lhis hebon .pplln Is lnaeted .ub"QlJtnllo lhe dal. ollhls Mor1glQl. lhis IV'lnl .hal havalhe same
.fflet IS .n EV'lnl 01 D.l.un (II d.llned belowl, and l.ndlt mar ,lercite .nr Ol'.n 01 ii, .v'lt.bl. ,.mlOIl1IOl' In Evenl 01 D.,.u1111 provldeO
btlow unltss Grlnlor .ther (.) payslhe Ill: belerl II becomn dtlll1QUlnl. 01 (b) conlMI. lhe lax IS plo.,.,O.d .bo.... Inlhl Tu" .nd Lltns
HClion Ind d.poslls Wllh l.nder ClSh or. sufficienl cOIpOl'.te SUllty bond Ol' other s.ocunty salftllelory 10 Lind.,.
SECUllTY AGlEEMENTj fiNANCING STATEMENTS. ThllolIowlng provillOns IIllIbng 10 IhIS UOItg.ge II I secUflty .grHmenl.re. p.rt olltvs
Mor1gag.,
Steurlrr Arrttmtnl. This Instrumenl shlD consbtul. I toCUlity .gr"l'I'IInIIO IhI IIllnl Inr ollhe Property consbluln fUlur.. 01' 01,* pll10nal
p,operty. Ind L.nder 'han have I' ollhl nohls 01. .ect....d pll1y und.. 11'1I Ul"IIlOIm CommetCllI Code c.s .mended from 11",. 10 Il/TII.
SK\lrlrr Inttftll. Upon flQuesl by L.nd.,. Gt.nlor shll 'lecul. financing stalemenls Ind Iakl whiteVII' tit"" .ction Is 'lQunted by Llndlf 10
parlect .nd conbnL>> l.nd...', .eeunty Inlll'"lln tl'll R.nls Ind r"IONI Property. In .do.bon 10 tec:OIdlng IhI, Mortglge In lhe 'NJ p,operty
'KOI'ds, L.nO" may. II .nr bl1ll Ind wlthoul Iurt~ luthooubon 110m OllnlOl, PIle e.ecul.d counterplrl1. copltt Of IIproducllcms ollNt
Mor1g.ge II I fiNnc!ng slal.l1IIn!. GllntOl shll ,ejmbu'.. l.nder lor .1 'Ipenses Incurt.d In perlectiog Of conllnulng Ihls MCurlty Inllll1l.
g' Upon O.I.ull. OllnlOl shaD ..semble IhI Personal P,opert')' In I manntl' .nd .11 pl.ct1 '",oNbly eon....nIanllO Gr.ntOl' .nd l.nder .nd make II
~: .vaAablt 10 lendlf """,thin ItvM(3) d&ys all.( tlCllpl 01 wllll.n O.marw:llrom lend....
,.... Ad.:huts. The tT'lllIlng IddrtlHti 01 Gr.ntOl' (dtbtOlI .nd Llndet (sec:Uf.d plrty). hom which inlOlmallon cornrnlng It'll seeunty 1n1...lIl
- gr.nted by lhi. Uortglge may b. oblalned (...eh II flQuirtd br IhI UNlorm CommtfCtlI Cod.). III IS stal.d on IhllIt1l p.ge ollhls Mortglge.
StJRTHEl ASSURANCES, ATTORNEY.IN.FACT. ThlloIIOWIng p'OVl~on, rel4ling 10 lurtno' assu'.nees .nd '"Olt'll)'-4~Ilctlre . p.rt ollhlS
:-,Mor1g.ge.
~ Funhtr A1Iurwes. AI Inr lime. Ind from 1Im110 1I/T11, upon 'eQUlSI of l.ndll. Gr.nlOl W1lI malt.. Illeull .nd dell....,. 01' W1I elUH 10 be
~" made. uKu1ad 01' o.uv.-ed. 10 l.nder 01' 10 linder's rSe,lgnot. .nd when IIQl,HtSltd br l.nder. ClUH 10 be Ned. ,KOIOed. liNed. Of
...... '''KOfded, IS lhe else may be. al .uch bmn Ind In such ol!l(;" .nd plleOl IS L.ndlt may d..m IpprO(lrial.. Iny and .I,uch mortgages,
c.: deed1 01 !ruII. Heurlty delO.. s.ec:unty agr..menl.. llnanclng .lalements. conbnullion slal.ments. Inslrurr.onts ollurt"" ISSUflnce. certlftcaln.
c.." .nO ol,*, documenls I' may. In lhe 'oil opinion oIL.nder. be ntCl1t1ry 01 dnlI.blt In 010" 10 .tlec:lu.II. comp"". perfecl. conDnue. or
p,....... la) lhe obllgallOns 01 G'lntor undet It'll Note. IhiS Uortg'g1. .nd lhe A....led Documents. Ind (b) lheNns and ueuntr 1n1lt111S
allied by IhIs Mortglge II IIrsland prior lit"' on IhI Property. wl'lll,* now owl'lld 01' hltOlIl" ICQulr'ed by Gr.nIOf. Ul'IIeIs P(Ohibited by law
or .grNO 10 the contr.ry by lindt' In WfltU'lO, GrlntOl .hal rtllnbLlfIl L.nd" IOf.' coslS Ind IIPln," lne....fld In conneetlon Wllh the rns.lterI
IIlerflO 10 In ItuI PII.grIPh.
AltCltl\t't.ln.hcl. II Orlnlet I.IIS 10 do Inr 01 tl'lllhlngs IIII"ed 10 In IhI plK.Oltlg p".grlph. Und.. may do .0 101 and In lhe name of
Gt.nIOl Ind.1 GrlntOl'" elptnse. For such pl,l'pos.n. GllnlOl' tIIt.br ItfOvtlC.bly .ppOlnls l.nd... IS GtlnIOl'" Inorl1l)'-4~11C1 IOf the purpCM
of making. ,Jeculing. delrr'lftng, Nlng. ,ecOldlng. Ind dOlng .! olhef Ihlngt IS rns.y b. necflllry Of deslt.blt. In Undet't .011 opinion. 10
IccomplfSh lhe manll1l1fllrlO 10 In IhI prec.dlng p.rlgraph.
FULL PERFORMANCE. 11 GI.ntet plys .llhe Indebl.dness wl'lln due. .nd olhel'wile POl'OIms .111'1I oblig.llons Imposed upon Gt.nlor uncSlf IhIs
Mor1g.g.. l.f\dIt .ha! 'lKule Ind d.UVlf 10 GtlntOl' slJllable ublllcllon ollhis l.4or1glge .nd 'uilable stal'mlnlS oll"minallOn ol.ny lnanclng
s"tlmenl on lilt evid.ncing L.nd..... NCUOty Inletlll in 11'1I Alnll .nd the Plllonal Property. Gr.ntOf wlll P'Y. II PIf""ned by Ipptlcablt Itw. .ny
'....oNb..I"fT'INbon '" II d.llfl1\lned b., Linder 110m lime to Il/TII.
DEFAULT. elch 0111'1I loIIo'Nlng. .llhI O(IlIon 01 Lender, shlD con511lute.n .....nl 01 d.f.Ul1 ("E....nl 01 OII.UIl, und., IhI. Mor1g.g.:
Dtf~lt on Indttlltdntu. F.~url 01 OllntOllo ma~. .ny p..,menl when dUI onlhe Indabtedl1l".
Dtr~lI on Other Plymtnu, F.JUf. of GI.nIOl' Wllhln IhI ~me r'Qu!rld by ltus ""0I1g.ge 10 make .nr plymenllOl' Iu.n 01' Ins.....ra. Of Inr
olr-.- plymenl tIIC....ry 10 pll....nl Ning ol Ol' 10 Inecl dlschlrg. ol.nr bin.
Complllnct Otf~h. F.duIIIO complr' .ny ottlellllm. obhg.bon, co....nanl 01' eondlllon co."lrltd in IhI, Mor1g.g..lhe Nol. Of In Iny ollhe
RII.I,d Documents. II .uch a 1'~LIf' ,flbl. .od t' Gr,"tOl' NS 1101 bHn glvtn a nolie. brllch ollt<.t ..me plOYl~on of IhIs Uor\oIge
WlI"'n the prlCldfng tw...... (12) month.,.1 mar b. cureO (.nd no E....nl 01 D,I.ull WIll hlV'I 01. ,'dlll Otlnlor. al\ll' Llnd"..nett wrtltIn noIlOI
01 such ItllJl": . cur.. tl\ll.Jur. wlINn !llIMn (n) dl)"l; Of (b)lllhe curlllQulr'n mOl'llhanlllN" (15) d..,...lmmtCltlWy
0/.JO.1993
Lv... Nv 6000 1662
MORTGAGE
(Colluflut:d)
POlito ~
"lll..~. .\tIV' ',1ffoe",u' 1\1 C.,... 11" 'all",. "l(l Ir""llHlh.. t,\ll1h'lJ!r\ .'" tu"''''''''' ,I 'N~O'...tl.. Ill:! IlIICeIW'} 'l~ ,;,1ft.::..,,' It p'o:t..ce
f.QIlopl.al~" .~.. l"Io\l,..U1, J.l'ack.al
6t",cha,. NIt ....".'11,. I.poWWl,.\t\.<.l<l V' IlI.*"*,ll In.tl~ ur '''IIO\I*" Ie L.IIOlr tll ur tI'1 t.ot.t\l.~ tI' u',nl:)' u..,.I~ M~~ I'" 1'.1:1"" ltlt
fW..l4Iod ()(.I(;"",,,'u. Ii, U' a! I'. Ln.lhl'Jlil ur 1,,0110...0 ....n, I',..... I'- II'" "\l.ltI'\I. I....~
11Iwl.clkl. "III IIlWl....1C1 u4 (,j,'I'rlur. 'W\.lIIIt.'..,,! rj. ."'....""" 1\)1 ally",.., ul G,,'l1f,"" ~~,_ I", I)Jo.tgfll'T..nllor Ii'll tIII'W'" 01 ;:l'aaftor1.,
IIl1t C;vrWl*fK.lll"~1I I.J II", 1.I'~("lI1 'oI~ ..., Lo.,,,,.,,,,I';, ur 1''''Oh'tlllC, II"'" tl, ur .~,~l c."'1\7. or ,,,. ch'p1..!bol'l CJI ....1T'IIF\lb:l" rJ
~,"\(jr. twt>'-'lCAI .. . VV""tI t.>.....'1WI4 I" (it.",(,jf " . b,n...ltt\o'J r ...~, Ie I'. U\elrrt ~tJfl(In.O b, ttro.,' ,,_ or ~"'fI5l""'f\o& I". '''' ONl'" r:J
(,aIarll", (II Gtanl(.ll' It .fllllOoi~\OIlI).~ .'~ (,\11110111""- an l...", ul Otrl..,r. u~ \'''' "'~.;.MI
f....u.kI6""', r....I'.W1I. Ill. W'II'-'l(An.'II!,J .v....:l'AoJ'. V' I~,JI. ~~'rYJ1' whtll'.. b, ,,,,00&' plotM~'ng, ...tl_,~. 'e;lD\loe'lw)" Qr
,n, UlI'" "*".w. tlf all, u~v rJ <.ir1"lt.J1 (II tlf "If ~~.Wfl"."la' '''''11;, '0l1'flI1,", 011" ~~, 1'10....., IhrI ,..It1WC"t)"l..,.... not &;/pI,
1111", ,..nl (J. 'J1N4 1,IIh Q4p1llf tI, (iI'l\lv .. lu 1'* .,10(1", or '''W'\I.b.'''$ 01 It II C\&It"'l wPl<I'I II t.... DUll ollht 1000tclOl"'" or for"'.....
JII~IlIJ. ~u"'Gtt<lI'lIl. ""'llV' 'J'_wto LII'IOW Wlll\4tn foQlaI ul ,,,;h CIa,m ,n':!'''''''''''''' ''''''''o1IJ C/I . ,.,IIl, br;md It)' It'll elllm Wbll&ctcr) 10
....-
In...n uf OUIt' ^&lnmtOl. N't t;\/N(n tit c;.,nlV' uno. the """" rJ ,n, ott. agr..~ Clefw.." Grlnlor If'lO lrlo. 11\11 " f'lQl "~
Wltl...,.. '", W'" petlO4 JIIoo'lQlld It....n, IrlCl~'~ ....11h(.rvt a.mllat.on In, '7""*"' t~f'IIng ,n, InOlO\edl'lftl Of OIrlef OOl9It.orl 01 (;Ilmor 10
LAne.t. ....,.,... .mwll,l IlCI" flllI\e1i'
h.nu Atft<iltI. (,l/.M1tu1'. NIl cJ I'.. pr~I'" ....,.1. tlt(:ur$ ..1\1'1 I~ 10 Int GIW.nlor din, d IhtlnoebMdneu Of $UCI'l Gu.arII'lIOl
o.n III ~I" WI(.Of1~" LAr4lll. al It. (,lJJt.0fl. mt/. bvt 'hll no! be ,~""'~ 10. pet'rM It'll Guarll'ltor', "ta.,o Inume u~" I""
l.IIJloy'~ ,,~I'" unOw Ih. g'.l&l.nll 111' m&",* ...hlactl'Jfl 10 l.nder. .nd.1n oomg~. cur.lhe E....m 01 Del.un.
'""u.m,. l"l~ IfI g("Q(j '.~n ()Mm, ,1"" IlIt.W;;UI'
~ICII'S ^Nl.I1tU111.l11S ON l.IU^ULf, U"on 1101 OCCu/I'IlC4I of Inl [v.m of O,I.u/1.nd ,I.", lime I,..,..ftet. L.OOIf. II dI oe>bOn. may .....0'$41
'", c"r. QI f11Uf1l of U..IQl101l'1,,,,, "'JIII$'M "ffiCfd.w\, In Iddillon 10 Int oltl(jlt' IIg"I.. Of ""*,,,,, plo'o'\de(l tly I&IIl'
^"ul.'..... InJriJlldncu ~lto,.....~11U .~~~.tolll ~.., 1.lilJIIf ""_ '''I' IhI light ., Its oe>"on wlll'lclul notc4Ilo <iI."la 10 r;MO&f' I". ent...
',IdIIlI'-dr... wllnllldll.bllt Ol.llf .nO ~".tllI
UCC It.m.li'l, Willi 1t,,~w..llo .1 Of .nt p.,1 of I,.. J'lIfwn.1 Pfoperly. L'nOlll Shill hi.... .11 lhe "ghit .nd "mea.. of. Neurad party utw:*'
1,* UIMIOIm Cc"rIUnIIlc...J Cl~
WI"I It.nu, lllnd., 'Nil till' U. ll[,jhl. ....'lhouI nobCe 10 Gr.ntor.lo ta~. ponn",on of lhe Property.nd cOleCt the Renit. tndur)t'IQ .mounll
pUI dUll .nd unp'ld.'nd Ipplt I,.. ...1 p,oc..d.. 0""" .nd Ibav. L.nd.', t01oIS, .gllntllhe InOlbIld""'. In 'Uf1htlt.nce or IhiS rlghl, L.nOIr
'rlat IlIqUII' .nl '-n.nl 01 01"'" l.I"" alII.. Plop...11 10 rnah p.y"",n's 01 'Inl 01 tIH 'Oft dllICtl110 linder, IIlhe Ranis." conected tly LendII.
lI..n GI.nl..... II'II,uubl, dlltlgl\lln lllllMl .. Ol.nlo", .norf"llt-lrt-fact 10 IndOl.. Instru""'"" IKei...-d In PlY""'"' thlleof In !he NIT'll of
Gi.nlOl .nd 10 negollalll,.. "1TII.nd c(.IlleCllh. p,OCMIJ" P.ymenls b1111\1nl, a oIhtlt vs.s 10 lendef' In InpOMllo lenWs dtmand lh&I
"1I,t, If\II olillg.llons 101 ....tll/;h !tll p'1'fIlInts '" made. wholtllf or not .ny plepel glounds'or lhe dlm.and tns'-d. L.ndll' ITlIY'q'C)M lIS
IIghl, UrnMf 1I1IS ,ubpll.gllph .ltlll In pel.on. tI, .g.nl, Of Ihrough' IKIlYlt.
^ppoInl hul_.r. Lllndtl Shll Nve Ihlllgtlllo tIIv.. IItIlVIf 'PPolfll.d 10 II.kl pou.uion 01 II Of .ny pitt or IhI Property, with Iht pOWlf 10
plotte! Ind plll..,....lIlha I'IOPeHlt. 10 opII.I.In. ,.,OP",'Y p'ec.du'\Q 100eclO1oUlI or "II. .nd 10 collect lhe Rants Itom lhe PrOC*fY Ind &Dpty the
pl'OUIftd', 0"''' .nd .tlOII' lha COli ollhl lec8MtI'tup. .g.tnSllhl Ind.btedncK$, The IlCer\lOl' may NIW withOut bond If permtted by law.
Lande/" IIgI'lI 10 II... appomt~1l1 01 . ,ac,IVIII ,hal '1"1 whllhlf 01' not Irwt applI.nl ....Il... ollhl Property PCMd11h1lndlbladMU by I
'utal.nll.l.mounl t:m~loymonl bV Land.. ,till nel dl'Qu,~~ I p."onllom Sel'Vlng'" IIC".......
luliKl~1 fOlrdotulI. Lllndlf' may 00111I1' ludiClII dec.II.'OIlCt01olflg OllnIOl', Inl.,e,lln I~ Of Iny pll1 ollhe Proplftf.
f'oUlulvn olth. rfllP.IIY. fOl ItiII pUlpOll 01 plOCU/lng pon"llon ollho Prop"t,. Gr.nIOl her"'y .uthOrtln Ind ImpOWlJl Irry .Uor....., 01
InV &;oU/1 01 UICO/U In I,.. CommonwhJlh oll'.nn.)'I....OI. OI-'HlIl'hara," InOlNty 101 LlndIr Ind AI persons c:Ialming under CW through UndIt.
10 "'an .n lu,..m.nIIO/ anl...ng In Iny comp""1l COUll In emlC.bl. acllon In IrJoclmanllOl pO$Sn$ion ollhl Property Ind 10 IPPMI' let and
con'lI$$ ludgmanl .g'ln,t Oi.nIOl. and .g'ln'l .n pINson, Ctal/Nng undlt 01 Itvoogh Gr'I1I01, 101 lha IICOVIl')' by lentSII' of p~ of ttw
PfOPe/t,. ""'llhoul .nv sl.y OI"Kullon. 101 which 1M MOllg.ga. 01' . copy ollhls MOIIO.gI VIflIled by IMdt'""!' shd be .IUrI'dInI warranI; &I'ld
11I....upon. ""'III el pon.ulon m.y baln\Wd 100thlflollh. ....ltl'loul."1 pflOl ....111 Of p,oc..ding whllSOl'Vtl'.
Ul>>ljudklll hi., II PlNlTIllI.d by .ppllc.bllll.w, LandO! may 'Oleelo,. O,.nIOl', Inl..."lln.U or In Iny p.rt ollhl P.-sonaI Pr~ cw 1M RIll
Plop...ly tly nonlulJiC..I....1I
D."'I.II()' )uJ,""nt. Lllnd., lTIIy obl.!n. ludgm.ml 101 .ny dllclancy 1I0'\I.11\Ing lfllhllnOlbl~nns dut 10 Lend<< &ftw fA)lcllon 01 d
.mounls IKIIII.d Itom the all"etill 011"8 lights plo'o1d.d In II'l!s socii on. ... ;;;~;. ".,'::::.-.\; t:
Tt".II\4Y "Sull....,."', II Gr.nIO/ I.lNlnt In ponlulon 01 In. PtC>p8lty III., IhI Property 11101d " ptOYoded above 01 L.encfIi=~'''_:; ,: ~~:(
t18C01l1tl' .nlllllld lopo""tjonOIIIlll Plup"'Y "'pon dol.ull 01 O,.ntOl. Gr.nIOl ,hal blc:Omt .I.NN II~ oIl..tndIrar..- '. . DI~<.~-\c" ,"
Ih. Ptop..,,)' .nd ,hI,l. It L.l1dlll', opl!on, 81"111 (.) P')' . 18"01llbll "nllIIOl IhllJSI o'lha Proe>erty, 01' (b) wcall the Prcptrtf.. .' . r~'I;.
upon ItIlI demand 01 Lend." :~;:~.
O\ntl R.m..tu, L.n~ 'tIIll hI.II ,I 01,..,... ."W"" .nd I.m.d.., p'o'o1lMd ullhrs a.lorlg.OI 01' lhe Nol. or lvalaJ)je II law 01'" .q,.,.>:;f.
hi. olin. l'.~tfl" 10 Ifw I..I.nl VlH'0I1hld tly .ppbc.bll "'W. OrlntOl hereby W.I...., ."y lnO III right to ha...lht PfCPtrtr
UIlfClllt'IQ III /Ig"l. and limed.... L.ndIN ,hI,l VI tiN 10 ...11 '11 01 .ny pill ollha Property l~thIt 01' a.eparaWy. In oneM (tI by
wills L,n~ ,hI,l be Il1l1ll1d tg bid .I.ny pubic ..II on al 01 .ny pOlbon 0111'18 Property.
N",Ik:. l.ll hI., L.nd4Jt 'hi' gl~ Gr.nIOlIN'Of\Abll nola of 11'1I lime .nd pl&ca ol.nt pubic salt 0111I..... PropedrarDfh lfM*v..
....hiCh .n)' pi,,""" ....11 01 OINt Inl,n~ d1'pOlJtlOn 0111\1 PII$ONI PrO()llty " 10 be maOl. UrMII ott!rMII ~ W.~IIIW.~
IN$Ol\Ibll1 ~ 'NI ma.&n noln Q'W" .I*tll." 1\0) (!Iys bI'OIllhi time ollflli II" or dlspOIIkln. ",::\W.y&~~.~.~}'i.~'~.~~::rJ1.1.;,'~r-
W.tI'l"1 [it(;tlonl.ll R.mtdCl, ........'"' D)' .n)' pa'ty ol.blNCI'l ol,p'O'ot$lQtlOflhrS McrlgIgeihdnotcordUt....;t
p.a.11''''', light, OIh11wlM 10 liamand ,h:1 complllroc.l Wllh lnal plO~ltIOn 01 In, 011\1I' pr~n. E*Ion bY LMW to PtiliWtl
""luW pU/ll..1l olin)' 011\1I' lelned,.'1'\/J all elecbortlO ""'~. ~ndIIUf" 011&.... Icbon 10 perlotm an obIgdon o(~ '
."-' "~IJI' Of OtlnlOllo ptI'OIm thll not .1t<<1 Lit"""', f1Q"IIO d.tCI4l" de'.un .nd ......ClW rt:s remodln under_ ,." :
^',WlI1l)" leu; Upcruu. IILlO\NIlflilll1,lIIl' 'Ily '1Il1 01 ~bonlO .n'Ot~ In)' 0111"08 IlIIms 01 1M a.lor1g.OI, lendetll'Wlbii..1.,
suct> .urn at I,.... COf.liI r1l,1y .i1Ju~ 1""uOl~bllt II .lIou",ys' Iw\. .1 trlAllrld on .n, apPNl. Whathlt Of not any cou1
'''''''>Nble lIl1PAn,., I/lC"",rtd b)' L.r,,* lhallll L.nWi', (lp+l\Ion '" ~W)' .1 an, lime IOf U'le protKtlOn oIblnllrll! or thI.
Ib r'-J"11o s""" ~om.. . ~II oIl~ IfldIKIlltJ'''"'' P.l)ltl~ Otl "-1TlI,f\d and ,,,,,:I t...., IrllJl111 f'tem!l'll da" d aptncltU'l untIl'IPIId,
rllll t..PlIlW' co\'....d tl, 1M P.AI'QI'"'' '1''1\;~, ....11/'Ioul .""tatten. 1'10......- Sl,;tlrecllo ..,y .I'T'IIS undlr ~ IIw.l.andIA
and LlWllJiII'" ~ ~n'"' ....1"l!1I"ooII 01 nol t"",,~ " . \it....'I,;;/I. Inc1udulQ ."Otf'oll'" rvn toI tl.f\lI.fl,;"tcy P'~ (lnctudng IIfOI1IIO
~IU_ .n)' .~h,llTll,bC swy Oi InjuncbOfl1, ",~l$ .no .n)' Inllt"tC4*' "010~luOgfT1lll(11 eOll<<IIc:n s.vces. lI'le c:c:a ClI ~~.
lllllll Illp\:lfG l.LIIf;lu....ng !Qlllo;l(,)$l,Iot '''POlbl. '"n.,Ot" lepollS..nd apPf'rUl ",,".,Il(! b~ 'nsU"'~, to lI'W..... pernIIIIdI Dr
GI"lIOf alIo....oII~, ,n, COI./ll C\,)ab. In .."d1IIl,'11 10 &I 011"o?II sums plO"'~ tl, ta...
NOTlCl\ TO GRANTOR. ^ND Oltl1k P^RTllS. L:lloll\S 01,..".....1$11 piQ\tOlN tl)' 1Cp.lCleil'.illll', .n, I'ICllCe \OI'ldIf tI'llS ..~....bIIk1i
~ bolIltItlIo:nll ....""" 6Ch...l) 1JttoI~"'N (;'I, It m.tW. ,1\ol.I b,I 0lN1TW .I'vclr... ..!'4n OCC$lIl+J.n tN L:r'\'*2 sra...... '
pl,)tta~ P'wp.AoiJ. lJu.,.;11t\J 10 Ir-. ."",.,Wto ,~"'l ,...., I,.." ~llroolllJ QlIM \lOl'g.lg.. M, 0"'" ....)' C/'ICflQI ..
lolOl\lo&llII b)' gow.g IoIm.1 ....1111.11 ''Vhl:v '0 I.,. of,..., P&lhd. ,,-,<<,"'u'Q ,,..1 I.,. pulPCU of ,.,. "one. II to c:/'ICflQI_
~OflQlac>os\,o'elfo+n I"" Il/,IfUllf ol'"t...n ..J'IoC" I'lolt pi""'!) 0...1"", l,l0l'Q'~'~ r::.1II"1 loLIfldIr'1 ~
01 1M \lOf~. FIJI nokv P..lPo)Wt. Gr.(\l!.... .1\11",",10 'He l.,~ ;1'tclrTW..' d!l""" Cl Grll1la', ;:y'.f'1 ~
r-"SCf.LL^NH,)U~ i'IKWI~K)N~. 1 !'lot 'COIlJ>Olr\l II...~""I.,,,,,,,,,,, ".",...1$<1,.'1'1 aJII' Pillt cl It'" ~CI'\j.~. il
NlIen,)lIlfIlU. '''''!Io MlJO\!lillV. IL\j1oll,..". ",II" .I", ~hllJ ;.~",,,,,,,,,,,"l~. :l:f,,~I\.In~"'" ..r'IIfV ;,;"~.,:aI'Lo"rg I.nll~'
1',,~U1!1o 'HII 'LIIln./I tn.!Io \l\)l'lJoI~. '0 ,&,I...~i.'Il .)f ~" ..,,,,""'1,,,,,11 i\.' ~,..S \l1.'1'\jal,f" tf',,1 e.. ..rfWCtl~. ..f"MIU i''-Irl 'tI'
VoIll).. \.I....-I"'~ '''wijlll tv IN Cnol".l"" <)I :,"'",,'" 0, i,..., .,IUl.hl.'" ~'1 '&''''''''':'''''4'1.
^~.. Ilc\.Ol.'fU. Illlllf "'~"V'Il'" I. ...W\J fUl \.IulL'IJ'WS <,1J/'Ioltl 'f'.." GI."101" ,nll.:.'....... (iI,"lCl' '1"&11 ,,-,ml' '0 L~. uoon'--". cidI.t
\latu.....,.11 vi llotl .....,....111'\1 I"';QlIlot 1.........~1f\J 'fum !N ~~....t) ;3"'1'1'\;1 Gi.nIOl' CI'-"CUS 'lscaI ,.., ,n ,lJCf'I !cfm &/'ld 0IItU II ~........
.~I ~..hl" ""IXllot" \t\oloI II"'-lll ..I C.u./"l .-.;..pl~ '10," I"" I1Jcptflty "s Iii !;Un 1t.lDotfI1,"lllor.. maiJ. n ~nnecllcn 'Mtft _ ___"..
""...,...,1),
~IL.aoiC L!... Tit" "'11)I',~e !lob been JclhCle'; II) LClloJcf .11,'; "'Lf'tJlr'; by Ltn.m 'n tile CJlT1mu"..uHtl "t PtnnOlllJlTi.a. ThG
"'\"'11''',. oIl.....1 I)c '\hCllleJtl, .III..J ~VIlIU\lt'; n ...~\,."tJ......1 ..It/'Ilf\C 'J'oII'J \11 t/'Ir CiJlnml,'fI..r",tn \11 Pt"",Y""MlI~.
0~'JO'199J
Lo.n No 60001682
MORTGAGE
(Continued)
P'ae 5
C~tlon Uudlnp. C.phon htldll'Ql In Itus MOf1glgt ar, lor con....nienc. purpenes onl~ Ind ,r, nollo b, uwd 10 InhlfplIl or define lhe
prOvillonsollhllMOl1glgl.
Hffltr. The/I,hal b. no ITIelg8t ollht Int"lsl (It ,,1'1. c,..I.d by thrs MOltg.g. with any oU,., inl.rlSl or "tale In the Ptop<<ty II .ny bffil
held by Of 101 Int blllfftl 01 Llnd.r in Iny capacIty, wllhoullhe .....ul1.n conHnl 01 landif'.
HuWplf P~fl. AI obligation, 01 Grlnlor under Ihls MOf1g.g. shan b. Joinl and several, and aM "!&llne" 10 Grlnlor st\aq meln .ach .nd
''o''IfY arlnlQt'. nUl IT\Nnslhal..ch oJ the p",on, slgl'\lng below is 'esponSlble lor ~1I obbOlbons In this Mortg.ge.
StnnblUry, II. cauri 01 compel,nl jUf1ldlCllon finds .ny proviSion 01 ltus Mor1glg1 10 b. Invalid or unenlorc..blt IS 10 any p"son Of
Cll'cumslanc., such ftndlng shaD nol rend" lhat plovlllon Invlbd Of unlnlOlC.lblt II to Iny ot~ pttsons Ot elrcumslancn. II ,..lib.. any Sl.JCh
olfandlng provision shal b. dHmed 10 b. modll'ltd 10 b. within IhI ~m1ts ol.n/OI'c..billfy 01' VI~d:Ty: how....." 11 IhI olf.ndlng P'Ovlllon eannol b.
so modllltd, IIShal bt slrlchn Ind .. othtt provisions ollhis MOIlglg. In .. ol~ rupeel1 shaD r.maln vaHd and 'nfOl~ablt.
SUCCWOl"l Ind AuIIN. SubJecllo It\I ~mllabons slat.d in this Mot1gag. on hns/" 01 Granlor', Inl"esl. this Mortglg. 'hal b. blndlng upon
.nd InUf, 10 the btntftl 01 lilt p.rlIIs. IhIlt helt1, p"sof\ll r.pr.Stnlabvn, SUCC,uOf1lnd IUlgns, II ownership ollhl Proptrty becomes .....I.d
In I plflon olhtf than (lIanIOl'. t.nd..., wlthoul noliC.lo GranlOt, may deal wllh GranlOl"1 IUCCtSSOI'I wllh rtl..nc. 10 this Mot1glg1 .nd IhI
Ind.btedness by way 01 'OIb..rlnc. or .xtenslon wllhOul rtleasing GranlOl' Irom lilt obbglbons 01 this Mot1glg. Of ta.billty under t/'lt
Indebl.dness.
Tlmt IJ 0' tht Ustnn. T1fN1 IS of IhlI$StI'lClIn thl perlOlmanc. olll1ls Mot1glg.,
W.ll~tn .and Conunu, Lind<< shin nol bl doemed 10 have waIved any rlghls undtf Ihls Mot1glgt (Of under the RNt.d Ooc:ufNInts, unltts
such wllwt is In wrlbng and signed by L.nder, No dell.y Of omission on tt'll plrt 01 Lind" In .....CI$lng .ny rlghl lhaD op.at. III WI/vet' 01
luch rlghl 01 Iny olhtt righl. A waIY" by Iny Patty 011 prOVIsion olthll Mot1glgl ShaD nol consblut. I WlllfG( 01 or prljudlCllhe patty's nghl
olhttwlSllo dlmand strlet compbanee Wllh lhat provision Of .ny ol~ provision, No pllOf wllvtr by L.nd." nor .ny COtKM 01 dllbl'lQ blfwHn
L.nCStr Ind G/lnIOt, 'haD conslltut. . w.J...... 01 Iny 01 Lind,,', rights 01 .ny 01 G/lnlo(s obllgabonl IS 10 any Iulur. transaeuonl. Whene....,
conHnl by land" IS reQIJif.d In Ihls Mortgage, the grlnbng 01 such consenl by L.ndtt In any Inslanc. lhal not consblule conllnuing consanllo
SUbHQu.nl instances where IUCh conHnllS required.
EACH GRANTOR ACkNOWLEDGES HAVING READ All THE PROVISIONS OF nlls HORTGAG~ ANO EACH GRANTOR AGREES TO ITS
TERHS,
~RANTOi''J {J iJ,~' O~?.t
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A,,~* ;' if.J,d.~1
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SIIntd,xknowltdud,nddtIlYfftdJnthrprmnctor:
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CERTIFICATE OF RESIDENCE
I htf.by ctrtIly, lhalthe preclSllddress of IIle mOl1gl0ee, PENNSYL V ^NlA ST ^ TE BANK. hen"n Is IS follows:
2111 HARKETSTREET. P. 0, BOX 117. CAHPHlll. PA 17001.()117 .i. __, /r~
-<-./.f ~ ::};:_., ",_
, "rj,a~i~ D' "glnl 'Dr Ir.Iorla-g..
INDIVIDUAL ACKNOWLEDGMENT
HATE Of ~n~'\\Jo...l"""I.~ ClL-
,
COUNTY OF
~r(\'o.o.r>1o.r.c!
1
III
1
On lhis day b"DlI mI, the VnclerSigned Notary PUbbc:, p.fSonaDy app..red RkhM'd H. BI.ack Jnd JJnrl L Bl~d:, to m. knawn 10 bt IhelndMduals
dncnbld In and who Ileeuted ItIe Mortgagt. and acknowledg.d thaI they signed the Mor1glgt " lheir Ir.. Ind voluntary Ict and dlld. 101' lilt uses
Ind purposn therein rnenboned,
~G~"uo""m'h"d"d'IlkI""""'h ,,~
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Noury PubJk In';;!;;:tht ~n~ \~ Mycommlulon uplrn
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Rnldin"t
NOTAnl'" i,)' L ,
ELDER Ucurl Pl.lb,'c
lIlmO'fne I}oro. iJ ,'- ''':0 19:13
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~ASf" Pl.\Q.At,,~....e,I.' P". au.. "",) tllel'.n en e~...". S",lel Group. IO'IC.
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ALL THOSE CERTAIN parcelS of ground situate in the BorouQh of
M&chaniceburg, County of Cumbgrland. Commonwgalth of pQnneylvania. ~oro
particularl~ bounded and described in accordance with a perimeter survey
of 'h' ,.nd' of G,ne PitniOk De,e,opm,nt Co.p.nY d.t,d June '5. '9". .end
roviood october 6, 1966, by Robort C. H3rtman, Jr~, RogictorOd survoyor,
as follows, to wit:
BEGINNING at IS ~oillt 011 tbe celltl/lrlino of Mulberry Drive, :said point be:l.ng
referenced and located ~~~.87 feet from the centerline intersection of
GroSS Drive and MulberryOrive: thence from said point of beginning along
the centerline o~ Mulberry Drive und LuL 33, plun Bouk 49, Pa98 123 und
Lot 12, plan Book 43, Page 40, North zero (00) degrees twenty-three (23)
minutes fifty (SO) seconds East a distance of 248.27 feet to a point:
thence continUing along said centerline and other landS noW or formerly at
Gene pitnick Development Company North zero (00) degrees five (OS) minutes
fifty (50) seconds West a distance of 139.74 feet to a point: thence along
aame Nortn zero lUUI degrees twenty I~U) minutes torty-rive (45) secondS
East a distance of 531.49 feet to a point; thence along land of Penn
Central Railroad South fifty-three (53) degrees forty-six (46) minutes
five 10S) seconds East a distance of 501.96 feet to a point: thence along
same south four (04) degrees twelve (121 minutes thirty-four (34) seconds
East a distance of 327,50 feet: thence North seventy (70) degrees
thirty-seven (37) minutes forty 14UI secondS East a distance ot 167.86
feet to a point: thence along land of Penn central Railroad by a curve
curving to the right hav~ng a radiuS of 410.00 feet an arc length of
254.63 f~et lhaving a chord bearing of south nineteen (19) degrees
thirty-eight (38) minutes forty-seven (47) seconds West and chord distance
of 250,56 feetl to a point; thence along same by a curve curving to the
left havin~ a radius of 400,00 feet an ar'c length of 47.25 feet (having a
choru bearing of South forty-four (44) degrees twenty-seven (27) minutes
fifty-one' (S1) seconds West and a chord distance of 47.22 feet) to a
poi.t, ,hence .'o.g ,.nd ,0" or 'or.,r'Y o' Jo"ph A. Qu.t,roeehi 'outh
eighty (80) degrees ten (10l minutes thirty-eight (38) seconds west a
distance of 474.03 feet to a found iron pin; thence along same Bouth
eighty (801 degrees ten (10) minutes thirty-eight (38) seconds West a
distance of 7.70 feet to a point, the point of BEGINNINq.
Tract 1
BEGINNING at a point on the southerlY right-of-way line of Cumberland
valley Railroad. whlch polnL l~ 32 [~~L ~d~L v[ T~d~t Nu. 1 a~6v~;
thence along lands of cumberland Valley Railroad. North 70 degrees 27
minutes East a distance of 100 feet to a point: thence South 53 degrees 43
mlnutes East a distanCe of 206 fest to a point at other landS now or late
o[ cumberland Vnl1ey Railroad: thence along Bame in an arc having a radius
of 573 feet in a westerlY direction to the left. a distance of 250 feet to
a point; thence in an arc having a radiUS or 410 teet in a northerlY.
direction to the left, a dislance of 105 feet (the chord of which is North
7' degrees 50 minutes 8 seconds West a distance of 104.72 feet) to the
place ot ~cG1NN!NG.
TrOlct 2
BEING THE SA~IE PREMISES which
1989 in the Recordo,r of Deeds
Deed Boo\( tV ,. 3 3;f/4 /~ 70 I'
Dlack and Jnnet E. B1ack, his
Eugene pitnick bY his Deed dated April 3,
OffiCQ 1n and tor cumberland county, ~A, in
granted and conveyed unto Richard H.
wife, ,... .'
bOOK 115,1 P^GE lUb
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Exhibit "D"
COM,'IERCIAL SECURITY AGREEt-._,-lT
ne p.a
$160 000.00
((ount
60001682
Rtl."nc:n In In. sPlldlld 1/.1 If' lOt' l.ndll"S U~ onl and do nolllmlllhe I he.blll ollhls documenllo In .rbc::ul.r loan Of 111m,
Borrower:
lender: PENNSYLVANIA STATE BANI(
2148 MARKET STREET
P.O.BOX181
CAMPHILL,PA 17001-0487
RkhMd H. IIKk tSSN: 170-JO-10151
J~nt( E. Bid (SSN: 161.]2.110]1
25l50ldlirnhty RCld
[UubtUltown, PA 17022
THIS COMMERCIAL SECURITY ^GRElMENT Is rnlrnd IntO btrwttn Rkh.ard H. Btxk Ind Janu E. BIKk (r,'mld to b,low IS -GrJnlot"1;
,nd PENNSYLVANIA STATE BANK If,'mld tob,low as "ltndtf"). For UluXllt coruldtntlon, GrJnlOf lfallU to L.nlkr, ltc\lr1ty Inltrtll
in thr CoU'ttr.al to IKur, the Indtbltdnw and IIfUI thU lrndtr Ih.all h,.,., Ih, rtlhts stll,d In thll AVfrmtnt ",lth rtlp<<1 to the
CoIlllml, In JddIuon to.all OUltr r1lhU which Llndtr ml)' hw, by bw,
OIflNITIONS. The loIIoWlng wOIdsst\a1 haVIIlhelOllowlng meanings when u$ld In lIus Agreement. Tlfms nol otherwIse defined in Itvs Ag'Hmanl
shal hlVIIlhI meanings atlrlbu'-d 10 luch lerms In Ihe UnllOlm Commefcial Code. All felefencH to dollar .mounts lhal me.n .mounl1 in IawluI
monev 01 thl Unlled Sttl.s 01 Amerie..
Acrumtnt. The WOld .AgfHmenr me.ns Ihls Commercial SecUflty Agreement, IS lhiS CommerCIal Secunty Agreemtnl mav be .mended 01
moclift.d 110m lime to 111M, toglllhet wllh .U ..hIMs .nd 5Chedules .nachtd 10 Ihls CommerclIl StcUflty AgrHmtnlllom lunt 10 tUnt.
ColI.lttr~. The WOld "COIIII.,a!" mellns tht follOWing dt$Cflbed PfOPllltV 01 a/.ntOl, whether now owned 01 he'ean. .cquittd, whtlhtf now
aXlsbng Of heI..n., Ifi"ng, and whtfeVOf lac.ttd:
I, All of Dtbler's nltureJ, machinery furnlwre, furnuhlnp ~d equlpn"nt of ~v n.lMt "'h.luot...tr, .lnd om" Ntlc:lu 0' unlible
ptnon,J! prwtrt)' purch.ved bV DtblOf' .lnd now or .It .lnV time herutt" INUlItd In, .uuched La 01 plxed Of llwued In Of upon
tht Impl'O'l'emtnts trKted on the rul elUfe ckKrlbtd In P.lnu~h 10.lfld u5ed OIlnttndtd to be wtd In the opeudon of ~V
bulld1np lnd Improvemtnts now 01 htrufltr tr<<ted thtrton, Inclulflnl rtplKtments .lnd lubuJwtJons thtrro', tottthu wllh all
bulldlnl m.ltttblJ ckll'Vtrtd on Ihe to the rul flute cbinlthe coune 0', or In connKUon with, COlUtn.lcUon or, or rtCONtnlroon
of, or ftmodtllnl of any Imj)rO\'tmtnu from tlmt to time. 2. All of Dtbtor'l rflhl, tltlt.lnd InltttU In,to)rld under AlTttmtnl(s) of
Lu:llt now or htrufl.er ubtlnl as rt:lptCu Iht rul flUlt dtscr1btd btlow at tht bulldlnp .Ind Impro\'tmtnu tfKltd thtrron,
Includlnllust, rtnul .Ind othu p.i)'mtnu dut or to breame dut thertun~, J. All (Jf Dtblor'l rflhl, thlt )rid Inttft:lt In, to ~d
unckr Jny and all COlUU\lCtlon C('fIU'XU btlWten Dtbtor(l), as Owntr, )t\d .II1V )rid ~l conU.IClOl'I, lubconuxton and/or
m.lltrblmtn, toltthtr wllh .Ill rflhu )rid privllett:l of .lnY n.llurt thertundtr .lCO\llnl to Dtbtor, ~d all plw, munklp.li
.Icrttmenu, tn.,nttrlnl IWdltJ, sewtr )rid .Ill othtr pl.lru, ptrmlu, IktrutS .Il'Id approv.llJ rtbtrd to tht prtmlst:l, and .lnV
.Icrttmtnl(l) for tht m.ln.lltmrnt or optf.ltlon of .111 or.ll1Y pMt of the prrmuu. 4. All procttch MId producu of tht fortlQlnl.
In .do.bon, lhe WOld -Collal.,.r Includes.U lhe lollowing, whelher now owned 01 herulter acqullld, whelher now exisllng 01 hell.ntr art~ng.
.nc1 wher.ver Ioeated:
(.) All .ttachments, .c,uSllons. accISlones, 1000s, parts, Suppllll, incfe",", and additions 10 and .11 f.placements ol.nd sllbslllllllonslor
any pfoperty dlSCflbed aboVII.
(b) All prOClucl1and pfoduce olanv cllhG pfoport}t descnbud In lhis CoIlalerll seclion.
(c) All .ccounts, contract fights, genellllnltng1b1es, Instruments, rents, mONeS, p'vments, and aU other righls, ansing oul 01 a ..It, lea",
Of ottw dlspOSlbon olanv oflhe P/oport}t descflbld In this COII.teral secbon.
ld) All prOCMds (Including Insuranct proclltds) 1T0m the ule, dntructlon, 100S, or other dlsp01ilion 01 anv 01 the property dtscnbtd In thiS
CoIIaleralstetion.
(el All records and d.ta relating 10 .nv (Jltl'll property described In IhiS COIIlteral Hellon, whethor In the 101m 01 a Willing, photograph,
mICrofilm, mlcforlche, Of electronic media, togelher with aD 01 Gr.ntor's righi, tiU., and Inl8/lIlln and 10 al compulet sonwar. ftqulred 10
ubllZ:l, crut., malnlaln, and plecesS anv such records 01 data on eleetfonic media.
S<lme 01 a. 01 the CoIlaleral mlV beloealtd on the 10010wlng d8SCflb<ld r8l1.,l<:
JOO MulberT)' Drfvt, Boroulh of Mrch.lftlobuft. Cumberbnd CountY. Ptnruyl....lnb.
btnt of Debult. The wOfds "'Evenl 01 Delaulr mean and Include anv or Ihe Evenls 01 Oelautl "I forth below In the secbon tilled "'EVllnts 01
Oalault..
Gr.lntor, The word 13l1nlor mo.ns RlChlfd H. BlaCk and Janel E. mack.
CUW'.Il'Itor. ThI WOld 13lJ1f.ntor moans and Includes wllhout Ilmltttion, each .nd a~ ollhe guaranlors, surelies, and .ecommodatlon partlM In
connection \NIth lhe Indebtedness.
Indtbttdnw. The WOld 'ndebttdneu. me.ns the Indebtedness evldenced by Ihe Nole, Including al principal .nd Internl, looelher wilh al
oltler Ind.bltdness .nd costs and txpInses lor which Gr.ntor Is responsible under Ihls Agreement or under anv 01 the Related Documents. In
addition, the WOld 'nd.bttdneu.lneludH an olher obligations, debts .nd atbMktS, plus Inlllesllhereon, 01 Gllnlor, Of anv one Of mora 01
them, 10 lender, " wtllll a_ CIIIm, by Lender .galnsl GranlOl, or .ny 001 Of mort or them, whethOf plsllng ncIW Of law; whtlher they aft
vtIIunltty or Involuntary, due or nol due, direcl or Indirect, absolute or contingent, Iquldtted or unUquldlled: whether G1anlOf mlV b. lltble
IndlvlduaUy or jolnUy With olhert; whtthot GrantOl may be obligated as ouar.ntOl, surety, .ecommodation party or otherw\s.e: whether recCMty
upon luch Indebltdness may bt or heretnor may become barred by any statute of Hmlll.llons; and whether such Indebtedness may b. or
her..n., fNlY become otherwise unenlorce.ble.
ltndtr. The WOld 'tend'" matns PENNSYlVANIA STATE DANK, lis ,uccessorsand .sslgns.
Nott. The word "NolO- means lhe nolo or credll.grofunent daled July 30, 1993, In the principal amount 01 1160.000.00 1T0m GlintOf' 10 lander,
logethtr wllh.n renewal' 01, extenslens 01, modlfict~ons or, reftnanclngs 01, consolidations of .nd ,ubSUlutlons lor lhe note Of crecSll.grtlmenl.
Rdmd O<xlJmtnu. The WOlds 'Related Documents. mt.n .nd Include withoul timilallon .11 promissory noles, credit aQftlments, lOIn
ag~8Iments, Quar,"Iles, secunty agreements, mortgages, deeds ollrust, and aU olher Instfuments, agreemenls .nd documents, whether now Of
htf..nll exlsllng, executed In connection WIth the Indebledness.
RIGHT OF SETOFF. Grentor htrebv glints leMor a contracllJll possessory S8CUflly inlorltSlln and her.bV assigns, con....vs. deliV'lf1, pledges. and
tf.nSI.... a' of Grlntor', righi, blla and Inl...nlln .nd 10 GrantOl" accounts with l.nder {whether checking, savings, Of lame olhet .ecounll,lnduding
aU accounts htld jolnUy WIth someone else and an .ccounls Gllnlor mev optn In Ihe future, axcludlng howaWl' II IRA., Ktogh, and trust accounts.
Grantor alJlhortzH L.nder,lo the exl.nl ptfmlll.d bV applicable Iaw,to (hargt or setotlallnd.bladnesslgalnsllnv ancl.lsuch .ecounts.
OBLlGA TIONS OF CRANYOR. Granlor wlrranls .nd covenants 10 Lender .,loIIows:
PtrfKtJon of Security InttrtSL GllnlOl agrees 10 Ixecule such fin.andng statements and to lake whal....... other aeIions .... requested by
Lender to perfecl .nd conbnue Lender'1 secUflty Inlereslln the ColIaleral. Upon requesl 01 lender, Granlor wiD deIivIr 10 Lender any and II of
tl'lt dacuments evtdenelng Of constllutlng lhe Collateral, and Gr.ntor wtII nol. Lender'slnt.,esl upon .nv .nd al Chl.lteI papel' II not ~ to
L.nder IOf pOSSMslon by llnder. Grantor hereby appoints LendM IS tI, IrrlM)Clble aIlOlne~rH.c1 lor !hi purpOSll of exeeuUng anv
documents necessary 10 porteel Of 10 continue Iht secunty Interest glinted In lhis Agreemenl. Lender maV al anv lime, and withClut further
au1hOrlZallon Ifom Gr.ntOl, ftle a tarbon, phOlog/lphlc or olher flproductlon of any ftnlnclng Itttamenl or of this Ao'tlmenl for use .. a
finlnclng ,lalemen!. GrantOf w~1 reimburse lende' lor aU expenses 10f' lhe perltellon .nd IhI continuation 01 the perfection oll.nder's &ecuri!y
inttreslln lhe COIIat.,at. Gllntor prompllv will nobly Lender 01 anv change In Gt.nlor's name Including .nv change to lhe assumed busintSs
nlrnes 01 Gr.nlor. This Is a contlnulnt StC\JritY Auumtnl ,"dwlll contlnut In ,rfKt n'tn IhouEh all 01 Jny part of the Indtbttdnw b
p.lld In full)rld tvtn thoulh fOl' a perlocl of tlmt Gr'"tOl' m.i)' not bt Indebttd to Ltnder,
No VIol.ltlon. The exlCutton and de~very ollhls Agr..menl wlll not vtolale .nv law Of agreemenl gowrnlng Grantor or 10 which Grantor Is .
party.
EnforcubllltY of CoII.1ttul. To lhe Ixllnllhe CoII.I....1 consisls olaccounls. contract rights, challel paper, 01 oenertllntanglblts.1he Collateral
IS .nforceablt In accordance wilh its Iotms. Is gtnulne, and compb" with apptiCable laws concerning 101m, conlenl and man,*, 01 p~allon
.nd u:eeullon, and ag persons app..nng 10 be obllgaled on lhe COlIaI"11 hlVII au1hority and CJlp.Clty to contrlct and Ita In rael oblgaled IS
lhey appe,ar 10 be on the CoIlaltl'al,
lOC.ltlon of thl CoUnml. Grlntor, upon IIqUtst 01 lender, wW delrver 10 ltnder In lorm ullsfaclory 10 ltndtl' .achedult of rNl proptrtln
and Canale/.,lac.llons fll.Ung 10 Gllnlor'l opelllions, Including wllhout ~fl'IIlation the loIIowlng: (al.' rtal p,operty owned or btIng purchlSld
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07.30.1993
Lo,n No 6000 1682
COMMERCIAL SECURITY AGREEMENT
(Continued)
P'iC 2
,,0..'1"; IbJ ,. ...1 prop.rt, b"", "nil' 0< ..... b, 0,,'100; lei.'''I...g.,,,,''I,,. 0'''''', "nl.., I...... 0< b"", "'.. b, a"nl..; on'
I'i .. 0''''' p,op..I'" .""" CoIIIII,,1 " .. m', O. ,oc.II' E,,,pl" 110. ..."", CO"" 01 ,II ""'".... a"nl.. .hI" nol "mo" I""
CoUIIIl'.llrom 1\' Illsllf'lQ tOCthO"' wltnoullhB PliO! Wflu"n consenl ollende'
.,mo'" 0' CoII"...I. a"nl" .hI" I..p th. CoIIII.", (.. '0'10. "IInl''''' C.III.,,' con..II 01 "I"""bll p,op"l, ",,10 os oemn", ''''
,"'.... co"'..,,'" I'" CoIIIII"II,1 a..nl..'. ".,." .how' .bO", .. .1 IUOh olio" ",:ollons os ". ,ce",IIb." ,on'." Som." ,. o' '''''
CoIl,I..,1 mo, b. loc.II' ., ''''' ..,, p",port, ..""b" ,bo". E,e.pl" the ..."", CO"" 01 ,I. bV."'''' Indv""" I"" .... 01 ""n'.."
a..nl" ,"'. nol ..mo" 110. CoIIII,," hom ," ,...1"", IOC"O", .,thovl I"" p"" w,,".n con..n' o' ,on"". To I"" ..II"'hll 110' coIIII.."
con..II o' """",, .. 01"'" ,IIa' p,,,,..~, 0..'1.. ,hi' nol "" .. p.''''' .n, ,,"on wh.h wo", ...".. ",pl~,I,on I.. co",,,,.II. 0' II'. I..
the ....hlClp oullld. the Commonwl.\lh 01 Plnn,""varul. wlllloullht pliO! Wrll1en COn""l olUnd.,.
T,,,,,,,II"'" ,,,,oI,ln, C.,".... Emp' I.. 'n"nlO<'/ ... .. "coUOll c.'ac'" ,n 110. o<"""y CO"" O' a..n',,', bV.""" a..nlOl ...."
no' ..', 0'" " "", .. 01"....,.. bin.'" .. ',.pOH 01'10. CoIIII.'\. WM. a,.n'" " no' 'n .,Iau" un'" "" "O,..monl, a"nl" m" ...
InyonlOl'(. bV' o~, In I"" ...,,,,ry CO".. 01 II. b"""''' .n' only 10 bV,... whO ."I,~'" bvY" In ''''' ...,,,,ry CO".. 01 ov.""... ...."
''''' ..",,,,ry co.... 0' a..n'"'' b""""" '00' no'I"'v" ,.on.'" In p,,'"1 .. 10111 ..''''''''on 01 . ..bl .. on, 0"' .... o.onl.. ,,,,, no'
p.dg', mortO'O', ."'vmO.... 0'_'" p..""lh' Coil.,..., '0 b,OVb",I'O ony I.n, "'''''' 101""', .",vmO"""," C...,g., 0'''''' I""n I""
...un~ In",..1 P'o~"" ,..In 'loll "O,..man', w,lho" the p"o< w"non eo"'''' 0' 'on'''. Th"I"''''''' ,,,,uo'y In'...." avo' "lvN" 'n ",10'
'0 I"" "'v,,~ Inl....I. g..nl.. un'" "" "O'Mmon\. Unll" w,,'" b, ,.n''','' p'oc.." loom .n, .,.pwl,on 0""" CoII.I",III.. w...II,"
.."",) .hI' b. hold 10 IIU.1 '0< ,on'" an' .10'" '01 O. com",,,,,II' w,,, on, o'ho' lundo; p'o.'" hOW'''', '''', ".."manl ,ho' nol
conl\l'vl. con..nl 0, ,on'" 10 on,..II .. olio" ,,,po.JOon. Upon ,ac.ipl, a"nlo< ,hi" 'mmo."IIly dol"" ony ,uch p'oc.... '0 ,on'''.
Till.. 0..".. ,..,...nll on' w,,,.nll 10 ,on'.' ''''' " ,01" '00' on' m,,""b'. 1,1lO 10 lho CoIII,,,,I, 10.. on' ".., 0' " "n. on'
.",vmb""''' ''''P'''' ''''' "., 0' 'hIS "O'Mman\. No ,,,,ne'.. .II11manl co"',"" on, 0' ''''' C.III"" " on "" In .n, pvb'< 0"'" 01"'"
I...n IhOU whoCh ..\\ee' ''''' ...,,'~ Inl...1 c..,I.. by 1M "O'Mm.,1 0< '0 wh<' Lon'" hiI. .p",,\Ie." con..'"'' 0..".. ."'. dO'.n'
lendtf'l nghlS In the Collaltralagainsllht claims and demands 011\1 olhtl' p8fSOns.
Coli"..' 5<h....I.. "d 'oc,,'on.. Insoll' ..'ho C.III...I cono"" 01,,,.'101'(, a..nl.. ...., ,,"""0 ,on'.', .. onoo .. 'on"" .ho'
,.,"'., such >sl.. ..""pbOno, on' ..",no",'" o,.UCh COIlO'." os ,.nda< mIl ..'W, 10 idonb~ lho ","., ..Ionl. an' loc'''on o' such
Co/IIl.,al, Such Inlormabon Ihln be lubmilled lOt GrantO' Ind etch 01111 lub!.idll'le1 Of ,,,.ted comparun,
H.I,,,n"'" "d ,,,,,,,11011 0' Coli"..'. 0..,1.. ."'. ma,,",n ,'I"'ll,b" ColIII",1 In goo' CO,,,,IIO' on' ..p,,I. a..nl.. wO nol com""
.. p,,"" .,mo,. 10 .. ...IoUCboo ollho CoIlal..., .. on, p,rt 0' lho Colli''''\. ,.nda< .n' ,ts ."",no',' ,""...nll"'" and 'O."ts .....
""YO ''''' ",10' ,I.. ....o"'b" '''''' 10 .u,,;"". Ins,ac', 10' "."Iho C"",I".I .,.".'" loc,II'. a..nl.. 'ho'lmma''''''y noh~ Lon'" 01
,'c.... In",M", I"" ..,,,n, "ltebOn, "poo...~on, 100' 0< domaO' 0' 0/ 10 .n, CoIIII".,; 0' .n'.......1 ... c",,1 .. ",uslmonl .. 01 on,
0''''' ,,,pvI. ""''''' w,lh ,..pacllo lho CoIII,,,,I; 10' 0''''''.''' 01 ." ""P'."" on' .",nll ,lIoc''''' I"" CoIIII"" .. lho "Iva ..I"" ,moV'1
ollheCollltell1.
T..... """,monu an' LI.m. a"nl"'" p" wh."ue ..I"... ...."mon" .n' I~n' v,OO lho CoIl,I"", III US. .. op.,,',on, vpon IN.
"0,..""'1. vpon IOY p,o",,,ory noli .. noll' ...."',"" I'" In..bl.'OO", .. vpo' on, 0' ''''' 0''''' R""" Docvmants. a"n'" mo,
",'hhold .ny SUCh ,,,mo" 0< may .'te' 10 conll.1 .n, tren " a..nl.. is " goon 1,,110 con'UCI'"" .n ,,,,,,,,,,. p,ocoe""" '0 coni.., I""
OOi"l"OO '0 p" on"o 10"" .. ,.n...'. In'....'" the ColIel"" II 0011.00""'" ,n ,.n'.'" ,01' ",I"on. Illho ColIel",I" "bjoel.. '0'
"n wh<h" nol """"'0" w,'NO on..n (151 ..", a..".. ,"" '''00'1,,110 'on'.' CISlo,' """.nl c..,..,I. .".~ boo'" 01"'" ..."'~
..,,"cIOl'( 10 '.n'" In .n ,movn' .."'"" 10 p'''''.''' lho .,,,har,. 01 lho tren pIUS any 10,.,..1. coo", ,,,..,,,,,,' ".. .. 01"" Cho'g" lhol
CO". ,ccva .. . ""II ol'..ocro...... ... 0' I"" C()I1a,...I. In on, co,I..1 Olin'" .holl ",'.n' .1..11 on' '.ndo' on' .holl ..,,~ on, ,,,,,
,.,,,.. Ivdgm.nl b,lo<' .n,..cemonl .g.nol I'" COIIII".\. 0..'1.. ,"'" ",ma 'on'OI IS on ...,110",1 ooi"l" vn'" ony so,..I, bO"
lu'"'S~ In the contnl proceed'llOS.
(om,II"'" W1,h G",.mm.n,,' bqul"moou. G"nlo< ."'" comply ,>om,lI, w,lh .11 "", ..."'."'.. on' ,egvllllo" 01 " go"",,monlll
,,110011"'" ,,,be'b" '0 I"" p,onvebon, ""01''''. .. use 0'110. ColIel"'\. a"nl.. m.y coni.., In ,ood ,,,'10 on, ,uch low, ...,no"'. ..
'egvII"on on' w,IIIhol' compl"ne. '"'''' ony "ocoed''''', I",IV"" .">op,,,II ."..", '0 10"" .. ,on'"'' 'n,,,..1 In 110. C""""", 'n
L,nd8f" opinjon, I' not )eopard1lod,
IIm"lov. 5v',""'''. a"nl.. ..p,..onll on' .,,,an" 1"'11"" CoIlal..,1 ""'" ho. b..n, and """"' w. b. '0 10"" .. 'h' "O,..man'
..m"no , '"n on III. Coil".''', us.. I.. 110. go""""on. monvllclv", ....".. ""p,,"bon, ".,lma,l, ,,'POlOI, ,"'... .. 'N..II"'" ,......
01 on, ""..,.ous wlS" .. "b.I.",., .. 11I0.. I.m. .. do'''''' '" lhe Comp..""n- En..onmonlll R..pon.., Comp.n..bon. on' 'iObO'y
aclo' ,goo, IS .mando', 42 US.C. See"on 960', .1....I"CEAc\J>'), the Svp",,,,. """n,mon" on' R"vlh"",,"on ac' 01'966, Pvt>. ,. No.
99-499 ("saM1, I"" ..,..,.ous ..,11,,1. T"ns,.."bO' ac'." U.S.C. Sodon 1801, " .." the R..o,," Con..",IIon on' RocOVOlY acl,"
U.SC. Socllon 600', .,..q.... 01"" ,p,I<.O" ."to.. F..."I..., ov.., .. ,egvII,on. """,. pVII",'IO ony 0"'" I..eg~"". T"" ,,,m.
"ha""0'" w..II' on' ."...""" OVb,I,,,,." .",. "SO lnelv". ",'IIOvl 'm,,,I,on, p."...vm .n' ,.1,00"m b'-!l,onucII .. ony .,,"on '''''''0'
on' ..,,,.IOS, ''''' .."...nllbon. on' .....,,'.. CO'"'''''' he,.n ." b'''' on a..nl..', .uo "i"l''''' ,n I"."~'b"" ''''' C()I1a,,,,1 ,..
hoW.OUS wosl.. on' "b.II"'''. a..nl.. ...'b' (.i '..0.... and WOl'" .n, 'vlv" cII,m. ."i",1 ,on'" I.. 'n'.mN~" con","vIIOn" '''''
.yonl 0""0/ b",om.. trebl.IOI c.IOVP 0< 01"" coo" vn'" an, .UCh IIw', on' Ib)'O"O' '0 In'om"~ on' '01' "'""",,. ,on'" """"
ony on... ",'m. 10' 100'" .."I""" loom. broach 0'''" ,'0""" 0' "" "O,..ma," T"" OOI~,"on 10 1,'.mN~ ,ho' .uM" I"" p"manl
01 IhtiIndeblednns Ind Ihe sabsllCliOR 01 thiS ~reemanl.
H.,,,n"'" 0' C"v.~ ,''',,'''',, a..nl.. ..... p'oc". on' ma,,"ln " .."'n..,,,nee, I"'vlll"" w,'hovl ,,,,",on "', '''''' on' "bi\l~
co""O' log.I"" ..,110 .ve" Olhe< lnov""'. .. ,on'" mo, ..,"'0 ",'10 ,..pac' 10 I"" C"",,,..I, In I..m, ,mounts, c_'O.. 10' b'...
,...onob~ ,ceo,IIblelO 'en'" 10' I>suo' b,. compony.. com'.... ,...on.bl, .ce"leb. 10 Londo', a'onl.., v,on ......., o'l.n'''.
w. ...", 10 Lo,." hom lima '0 'ma I"" pol." 0/ corti"''''' o"oov..",.ln '..m ..".,,,101'( 10 Lo'....lndvdi"" "P",,'ons 1""1 c_,""
wo. '0' b. "nce\Ie. .. dimi""""" ..Ihovl., ..,,, ,i' (10) "yo' ,ri" ",non no,<.lo Un"" 10' no.,ndv"'", .ny "",,'maI 011"" lno"""
"b"~ I.. ,,,,... 10 0'" .uch . no\le.. In co,neeb" ..,'10 ,II poleie. covorl"" ....ts In whlc' 'en"" "01" .. · 0'"'' , ...""~ Inl"..I,
0..'1.. wO p'o'" '10'" .,110 .UCh 10.. p,,'ble .. 01"" en._manl. .. U_ mo, ,,,,we. "G..nl"" .ny 'ma ,,is 10 oolaln ..
mainll'n 10' In"""" .. ...vue. vn'" Ihi. "",..mon', '100" mey (bV' ."'. 00' b. "",,,,.'ed '0) OOllln SUCh In"..nee as 'en'" elMms
apP,opfllle. includll-.g II it 10 chOOH1 -$Ingle interesl tnSU'IIlC'; which WlM COvel only Lendtf'S Inleunlln lhe CoIIIlllfal.
M,I."''''' ollmv"n" P..",do. a..nl.. ,...t ,,0m,lIy no'~ ",... 01 .n, los' .. ..moO' 10 I"" C.III"". ,on'" mo, mo" p,oo' 0'
los." 0..'1.. I,d. '0 '0.0 w,lh," ....' (15) "yo 01110. Clluel~. OIl ,'oc.... 01 IOY 100"''''' on I"" CoIlal".I, Indv""" ,ccued p,oc....
I".,.on, ."", b. hold by '10'01 .. p," 01''''' Co'"""\. ",.n'" con..nll 10 .."" .. ..pll"ma,1 01 I"" dOmo,.. .. ....eye. CoIlal"",
,.n'" ."", v,oo .."lacIOl'( p,ool 0' "p.n','''., ",.. ,..mb"'. a..n,..',om I"" p,ocee"'" I"" ,...onob" cool 01 ,op" .. "".."on.
Il ,.n'" '<>OS '01 con..nl 10 .."" 01 "p""monl 0' I"" CoIIII".I, ,.n'" ..... .."'n' "l\Iclonl ,mounl 011"" p'oc.... 10 p', " 0"""
In..blt''''''' 10' ."', p', the b,I.",. 10 allnlo<. any "ocoe" wloich ho"" nol b.., '"b"'" w,llin "'16) monl" "..I"'" ,actlpl and
wruc:h GranlOf has not committed \0 the IIpIII 01' Ut11Oflllon 01 the CoIlalftl'al ,hall be U$8d 10 p"PIY the Indtbl,dneu.
\,,,,,"co R"."". '10'01 moy ...".. a..n'" 10 main"'" .,110 Lln'" ........... ... p.,manl c"",..'",. p..,,;vms, whoCh ,oseoves ,.... be
c..,II' b, mon'hiy ",,,,,'1. I,om 0.."0< 01 . sum ..'mall' by '10'" 10 b. IVffeiOn'lo p,onuc" .1 ....1 "Mn (IS) do" be'''' I""
p"mlvm .ve dol., ,moun" .1 ,..., ..uollO lho '00"''''' p,,",vm. 10 b. ,.... II ,,,..n (151 .,,, b.IO/. p"menl " 'ue, I"" ,""'" 'vn"
,..In"....n', a..n'" ..... vpon ..mo,. '" .n, ..\Ie,,"'y 10 ,.ndo'. The .."",.lvn" .ho' be hold by '.n"" ... g.""" "'01" ,nd
,ho' coooblvl., no...nl_..I4>.."", ,ceouol wh.' ,.',.. mo, ..I.~ by p"ma" o'lhe lno"''''. p..,,;vm. ,,,,wed 10 b. p.,. by o.enlO/
OS '''''y bacoma 'ue. '10'01 '00' nol hold 'h. ....\VIIlun..ln ,,,,,I.. a..nl.., .n' '.nda< b noli"" '0101 01 a"nl.. ,.. p.,menl ol'''''
'"".."'. p",,;vm. ".v",. '0 be p,ld by a..nl.., Tho ,..pon.b'''~ '0' lhO p.,monl 01 p..,,;vm. .ho' "moln o..nl...'.... ,..ponoJb.~.
Imv"'" R.po<U. a..n'~, vP" "."".1 " '0"", ."', IUf.'" 10 ,.',.. ,oport. on OIeh ,.""" potrcy olln...'nee .howl"" sue"
IOI..m,\IOn .. ,.n'" ma, ,."'OIb" ""osl I""lv"'" lhe loIlo.,n, ,.) lhe ",ma 0'1"" 100"01' Ib)I"" n." In,"ed' (e)''''' .movnl 011""
p'<,; I'J I"" p,op.1ly ,nov..'; ('11"" 11010 """I ",,,,, on lhe b"" 01 wh~' In"..nee "". b..n 0011'''''' on' lho mo''''' of ..",,,,.,,,,
''''I "Iva; en' (1)lhe .,pir,I,O'''" 01'10' pol~'. In ,dO"'O', 0..,1.. .",. v,on ...ue'l by un'" IhOw,"" no' m... o..n I",n IOn"'v1
"'" on 'ndOplO'IO"P'"'''' ..b..,ct..y '0 ,.n'" ..I"m,"'." .,,'~'b", ''''' co.h "Ive.. ..,IIcomenl cool 0' ''''' coltsl..'\.
GRANTOR'S RlaHT TO pO\\lI\ION. U,,,, dollUll, a"ol.. m., "''''' ,os..."on o"ho II",,"" ",",onol p'",,,,, .nd b.""",,1 .... 01 ,II I""
C....I." 10' mo, us. 'I In 10' II.lvl m""'" nol ,,,,on,,."nl .,110 I"" "O,..mo,1 .. I"" Roll'" Docvman", "0"" I"" a..nl.... ""10110
pos....'on 10' b''''''''' .... .h.n '0' ,,,I, 10 IOY CoIl,I...1 wh'" poo....on 0'1"" C()I1a,,,,1 by ,.n'" " ,,,,wed b, IIw 10 port",1 '.n....'
"'''''' 101....1 '" .veh coIIII.'\. II 'on....1 10' bma hOS 'os....on 01 on, colIe""I. w,.lhe< b.,... .. ,n".n ,yonl 01 0.1,",. Lon'" ,.... b.
,..ma' 10 h'YO ".OC,... ....Onl'. c,,, 'n '''' ",Icdy 10' p,.."".bon 0""" C()I1a,,,,1 II U,... "'" .UCh .Cllon I.. ''''I ,,,pou .. 0""..
.ho' ".v..1 0< os un''', In 'en'.'"oIe ."c..llon. ...." ...m "p'OO,~I. ,,'01 lho c<cvm.llncOI, bvl ,,,,,. 10 hon.. IOY ,"'..... by 0<,""
."". no' 01 """ b. ...mo. 10 O. , ''''.''0 .,..".. ,..,,"'Oil e".. ,.nda< .",' nol b. ,,,,wed 10 "" en, ,\tP. """..ry '0 p'''''''' any
",10" In I"" Colli'"'' ",,,,.1,,,.. p.rt,"" no< 10 p,oltel, p'''''''''' m",I"n 10' ,te"l~ "",..I O'YOo 10 ...".,"" C""",,,.
EXPENDITURU BY LENDER. "nol o,,,ho,g.' 0< ,II' w,.n 'ue, '10'" m'y (bv' ."" nol be OO",.'ed '0) ",..har\lO .. p,y ony ,movn"
".",.. 10 b. .,,,...,,,. .. ,,,. b, G..'''' "0'" IN. "O,..monl, lnel,.,,,, wllhO" ,,,,II'on " ' " treOl, ...",,~ Inl,,"". .",vmO"""" ,nd
"he< cII,m".1 10' "ma Ie,," 0< ,IICO' 0' Coil".'\. '10'" ,1'0 moy (bvl ,.... nol b. 00"- 10) p" .. cooll ,.. Ins"""", molnle'~"" and
"........Nt I"" CoIlal"'\. '" .UCh "PI"'" .. ,ne"'" .. ,,,. b, '10'01 I.. sue' puopo... "" "on bOIl In"'''' ,'I"" ..II c....go. vndo< '''''
07.30.1993
Lo,n No 6000 1682
l MMERCIAL SECURITY AGREEM: T
(Contlnu.d)
Nol. trom In. d."ll'ICurr,d 01' paId by Lind., 10 the d,t, 01 "paymenl by O,.nIOl. AJlluch IIp.n... lha. become I par1 01 the Incltbl,dl"llu Ind,
., Lind.,', DPbon, will II) b. payable on dlmand, (b) b. add.d 10 Ihl b.llf'a allho Nol, Ind b, apportioned among Ind b. payable WIth any
lnlt&Umenl p'yments 10 blCome due elUtlng lithe( (tlthl t.,m 01 Iny applicable .naulane. pOllc:V 01' (1I)lhe Itma1nlng tltm 011"- Nol., Of (e) b.
IllIled II' b.'oon payment which wlU b, due Ind P'Ylblt lllhe Not"lmalurlly. ThiS AgrMmtnllllO will hCur, p.ymtnl allhlN amount.. Such
ughllha' bt In .dCllbon 10 ,. 01,* nohl.lnd limed.., 10 which Lind., may b. .nbllt" upon the OCCuH.ne. ol.n E....nl of DllaUlI.
EVENTS OF DEfAULT. E.ch 01 IhI10000wlng It\aU con.blul. an E....nl 01 O,l'ull undel' IhIt Ao,..m.nl:
OtflUtc on Indrbltdnw. FdLl" 01 Gr.nlOl' 10 mak, .ny payment whln dUf on Ihllndebltdnn..
Othtt DtflUlu. Fa~ur' 01 GranlOf 10 comply wIlh Of 10 perform any ot,* 111m, obbO.bon, coventnl Of condlbon contained In IhI. Agf..menl or
In .ny of I'" ANted Document. Of In ,ny olhel agf..menl balw..n Lander Ind ar.nIOf. II Iny IdUla, other Ihln a lalIur, 10 pay money. it
curablt Ind If CltlntOf hu nol b..n glvtn I prlOf nobet of I b'uch of thl"me plo'o'1llon oliN. Ag'''menl, II may be cured (.rId no Event 01
Dalaun WIll hi.... OCCUIT.d) If Gr.nIOf. an... L.nd... Hnd. wrl"an nollc. damandlng CUff 01 .uch lalur.. (a) cur" IhlllMura Wllhln U days; Of
(bl.11 the CUI" raqull" mor.lhln 0 daY'.lmmedltttly Ir'Illltl" .tlP, wt\leh l.n,*, d..m. In L.nd..... .011 dllCflllon 10 be .utf\cltnllo cur.lhI
lallur. and lher.."... conbnutl and compltl.. al "llonablt and OKUUfY II.p, .utlle..nl 10 pfOduc. COmplianc. .. loon .. ,.uonably
pr.cbcal.
hut SUltmtnu. Any waHlnly, "pr,..nlabon Of ltallment mad. Of lurnilhad 10 l.nder by or on b,hlll 01 Grantor undtr Ihll Ag'..menl it
'.111 or mlllNdlng In .ny matlllallllPecl, .Ilh... now or II the lima mid. or IU''''''hld.
Dtftctl)'t CoU~ltnllutlon. ThIS Agf..m.nl or Iny ollhe R.llt.d Document. e...., 10 b. In lur 10ft. Ind .Htel {Includlng IllIur. 01 .ny
c~IIIal documenl. 10 aNI. a vakd and ptrlecl.d hCU'lty Jnl.",1 or IItn).1 Iny bme .nd lOt .ny 11..on.
lruotvtncy. Tn. outh 01 Gt.nlor Of lhe dluolution 01' lIfmlnabon 01 GllnlOf'a .xl,I.1'ICI II . going bullnn" the in.oIvency 01 Grlnlor, lhe
aptloinlmenl of I rlCtl.......tor Iny Plrt of Gf.nlOf'I property, Iny u&lgnmenllOt the b.ntM 01 atdIIOf.. or lhe commenc.ment ollny P'OCMdIng
undtl' Iny bankruptcy Of In.oIvtncy laws by 01 Iglln,1 Gr.ntOt.
Cudlltlr 01' forltlwrt Pnxttdlnp. Commenetmenl of 100eclosUl. or 100'.tu" P'OC"ding.. whel"., by JUd~1 p'OC..dln;. MIl-heltl,
'tpon"slon or Iny other method, by any Ct.dltOf 01 Gflnlor or by Iny oo......nmenlal I"'ncy IOllnsllht Conal....1 or Iny olhtr collaltral
MCurlng lhe Indlbl.dness. This Includes, glllll'hmenl ollny 01 Gr.nlor', depOslIIC:counls WIth L.nd.... HOW.........lhI. Evenl 01 D.I,un I""
nOllpply If I".,..., I good II1Ih dllpult by Gf.nlor ..10 the va8dlty 01' rNlonabltnes. ollhe claim which 1.lhe b.'" ollhe crldilor or lorlllll.lf.
Pfoc.ading and II Granlor glvtllander wrIll.n notice ollhe a.dllor or 'orltj!ur. pfoceedlng Ind deposlll wllh Linder monln or I lurlty bond
lor the credltor or lorltjlur. proc..du'IQ.ln an amounl detlfmlntd by L.nder, In III lOll diSCf.bon, I' btlng .n ad.qua" I........ or bond lor the
dispul.,
bcnu A"tCllnl Ciu.arantor. Any ollhe preceding lvenl. occurs with r"pecllo any GUirantor of any Ollhe Indebtednns or such Guarantor
dlt1 or becomn Incompel.nl. lendef, allll opllon. may. bul ,"'. nol b. reqljll'ed 10, plffT'IIllht Guarantor's I$lall to assume uncondlbonaly
lhe otIliglllons .rlSlng undll' ItIt OUlflnly In. manner sallsflClary 10 llnder. .nd, In dOing SO, CUI' lilt Evenl 01 Dellull.
Insrcurtry, L.nder, In good lallh, deems its.Ulnsecuf8.
RIGHTS AND REMEDIES ON DUAUlT. II In Ev.nl 01 Dellutl OCCUlt under IhiS Agr..ment, Illny bma IhII.an..., L.nd... S"'. hive aMlhe nghts 01
· HCUftd party under lhe P.nnsylvlnia UNlorm Commerclal Cod.. In .ddltion .nd WIthout ~mllabon.L.nder may .x...else any Ont or more ollhe
loIIOwIng nghll.nd t"'''dia,:
Accrltralt InddHtdnw, L.nder may decta" IhI .nlir. Indtbtldt\flS. Including any pf'Plymenl plnalty which GtanlOf would b. r~ul/'l(Ilo
tllY,lmmedltttfy dua.nd P.}'lbla, wllhoul notiC..
Numblt CoItutrll. L.nder may r.qulrt Gflnlor 10 dtfiV81 10 Lend... a' or any portion ollhe Collateral and Iny .nd al c.rtlllca'" of hila Ind
ot".,. documents rtltting 10 the CoI1tttral. Lender may "quire Gflnlor 10 aSHmble the Conaterlllnd mak.1I aVlilable 10 l.nder al. plaCllo
b. dtslgnaltd by land.... L.ndtr IIso .haD hive lull pow., 10 .nltr upon the tlroplrty 01 Gflntor 10 taka posltlSlon ot and IImove lhe
Collaltrll. IllhI CoIIat....1 contain. othat goodl nol COVlf.d by Ihls Agr..menl lllhe time of ttpOlltlSlon. G'lnlOl' Igrlll l.nder may Iak.
luch olhtf "oods. p,ovld.d Ihlll.nd... mak" 'l4sonablll .fforts 10 r.IUln lhem 10 Ot.nIOf' .n... 'tposltlllon.
Stll the ColI.ltral. L.nder shaM hlv. fun POWII' 10 1111, INH, ltan,ler, or olherwlse d6a1 wllh lhe CoIlat....1 01' pfoceed,lherlolln lis own nafTIII
or Ihll of Ot.nlor. land" may 1&IIIhe CoIlatet'11 II public: lucllon or prlvat. lilt. UnIIu the COlIat....lltv..l.ns 10 dtc\lnt Stl..dlfy In VIIUf or
is of I typ. tuslomanly lold on I raeogniz.d marhl, L.nder WIll give Otantor reasonable nollet ollhe llme aner which any prtvalt 1111I 01' Iny
other Inl.nded dispOSition ollhe C~t8fal is to be mad.. The requir.menls 01 '81sonable nollCe shll b. mel II s'x:h notice II given II leaslIIn
(10) days belor. Ii'll lime 01 Ii'll sale 01' dlStlOSition, All l.rpensa tt!aUng 10 Ii'll dispOSillon 01 Ii'll COlIIllfal, Irdudlng WlthOul Mmllabon lhe
'IpInstl 01 fltaklng, holding. Insuring, prlp.r1ng lor sale and ..lUng lhe CoIlatllal. Ihll become a part or the Indtbledr'llJ' 18Cur.d by Ihls
Ag,..menllnd shll be paYlble on delT\lnd, wl!h Int8l81lallhe Not. rile from dlle 01 expendllur. unbl replld.
Appolnt RKthotr. To the .xtanl pllfmm.d by .ppllcablt law.l.nd... ,hal havelhe followtng righls Ind rerT\ldin regilding Ii'll .tltlainlfTlllnl 01
I ,1CtI.......: (I) L.ndtr may have , ractlver atlPolnltd II I ma"er 01 'Ighl, (bllhe recm, may b. an emplO)'ll oIL.nd... Ind may IIf'Vt
without bond, and IC) aU I... ollhe rtctlver Ind his or her a"ornty lhaD become part ollhe Ind.btednesl stCUf.d by IhI. Ag,..menl.nd shaD
be PlYlblt on damand, WIth Inler811 allht Nole rat. from dll. 01 extl.ndihJlI unl~ "plld.
Colltct Rtvtnun, Apply Accounu, l.ndlt. .IIher 11Itjl Of' Itvough I ,tcelver. may col18tllhe plymeniS, rtnll,lncOrTII, Ind '.....nOll from Iht
COIaterll. L.nd... may II Iny time In II. dlSCf.tion trlns'''' any Conat...lllnlo III own nama or Ihll ollis nomlntt 'nd ttcM the p.ymeniS.
IInll, IncOrN, Ind "....nues Ihtf.from Ind hold lhe lima IS MCunty lor Iht Indebtedne" or IPPIy 1110 ply",.nl ollhl Indtbl~nnsln luch
ord... of pt.,....net II l.nder may dlt.mHnt. In.ollr., lhe Conal...al consist. 01 accounll, ~l\If'lllntangibln.lmUl'lnc. policieS. Instruments,
chltlel paptr. choses In 'tllon, Of IImllat pfoperty. Lender may demand, collecl, 'eceipllor. sellle. comtl'omlH, IdJusl, SUI lor, IOftdOll, Of
,..Ilze on lhe CoIlat...a111 l.ndlf may del.mine. whethet or nollnd.bledness or CoIIat.,.1 Illhen dUf. For lhese pUl'pOlll, L.nder may, on
b.htll oland In lhe name 01 Gtlnlor, rICIN..... open Ind diSp~ 01 ma~ addressed 10 Gfantor: Ching. any addfnllo which md and Plymenll
If' 10 b. IInl; Ind .ndOf'lt not.., ChackS. drarts. money orders. documenll ollllle, Instruments Ind IIlml Ptr1alnlng 10 plyment, shlpmenl. 01'
ItOlI'" of any CoIIlltI'al. To I.Cllllat. collection, Lender may nobly .ceounl debtors and obligors on Iny CoIIatefll 10 "",k. tllymanl. diftetly 10
l.nder.
Obtlln Dclkltncy. IIl.nder choosnlo len Iny or .. ollhe CoIIalll.'. Lendet' may oblaln a Judgmenl 101lnsl G'.ntOl' IOf Iny dlf'lc:llncy
remaining on the In"-btednelS dUf 10 L.nder In... ItlPlication 01 aU amounlSleceived from IhI axlfcist ollhe rights pfOVlded In IhIt Agfeement.
Gr.ntor sl\ll b.llablt lor, dellc1lncy .ven Illhe transaction clelcnb.d In lhi..ublGCllon Is I ...Ie or .ccounls or chllltl plptr.
OUltf Rl,hu and Rtmtdltl. l.nder shlD hive an the nghls and remadles 01 I stCur.d crtddOf under Iht p,ovISlon. 01 lhe UtIIlOfm
Commtreill Code. II may b. .mend.d from lime 10 time. In addlUon, l.nd... shal hive Ind may eXlfti..lny 01' aD other nghl. Ind flmtdotS II
may hive IVIlIable II taw, in equity. Of olherwise.
CumubtM RtmtdltS. All oIL.nder's nghls and timed III, whtlher .vldlncad by IhI. AgfHmenl or the Rtlat.d Documents 01' by any other
'lVflting. shall be tumutabve Ind may b. exllclSfd singularly or concurrtnlly. EltcIion by Lander 10 PUfSUf Iny remadY shaD nol txeludt PUf1U1t
of any othtr rtmady, and In .lactlon 10 mak. ..lptndlturll or 10 taka Icllon 10 perform .n otIbOlbon 01 GllnlOf und... lhis AgfHmanl. Ifill
Granlor'slaMur.10 pertOtm. ,hal nollflteIL.nder's nghllo dedar. I de'lun and 10 I."cilt Us "macHI.
MISCELLAN[OUS PROVISIONS. ThlloIIowlng mi~lIaneous tlfovlsJons af, I tllrl of Ihls AgrHmanl:
Amtndmtnu. Thll Ag'Hmenl, loglther Wllh .nr Relal.d Documents, consbtu!esthe .nlll, underslandmg and ag,..l1'ltnl olll'lt pal1l11 IS 10
IhI malt.... IIllor1h In lhil Agr..mant. No .Il,flbon 01 or Im,ndmenllo Ihls Agfllmenll"''' b. eHaeM unit.. given In WflOng .nd Ilgntd by
IhI Plrty 01 PlrtltSIOughllo b. Char".d or bound by Ih. alltration Of amendment.
Awllc~lt hw. This Agr8lmenl has bean doltvered 10 lend8l' and Iccepled by lend" In IhI CommonwNnh 01 P.nnSylv'nlt. Illher. II I
lawsuit. Gllnlor .grtn upon l.nd.r's ttqlHrlllo lubmtllo IhI JurISdICtion ollha courts 01 Cumbtrland Counly. CommonWU!lh 01 P.nnsytvarua.
This Ag,..""nl.hal b. governed by and construed In aC:COfdlnt8 \lIlth the laws ollhe Commonwealth 01 P'nnSylvanla.
Artomt)'l' htSi bptnsn. Grlntor Ig'N.lo pay vtlon demand all oll.nde,'. cosl. Ind .xp.n....lncfuding .1l00ntY" '''' Ind l.ndlf',
Itgll ,xPln..., Incurred In eonnacllon wilh Ih. .nIOfc.manl olltus Ag'..menl. L.ndll mar PlY lomaone tlSf 10 help .nforc. IhII Agr..menl,
and Grlntor IhllI ply Ii'll cosls and .xtllnl8. ol,uch .nIOlc.menl. Cosl. and 'lpIn", Includ. l.nd"', allOfneys' 111$ Ind Itg., ,IPlnllS
whlt~ or notl~1 I. . IawsUlI, InclUding altorntyl' I.., and Itgal 'lp.n,1S lor blnkruptcy procltdmgl (Ind Including ,"or1slo medlly Of
Viti" any lulomale '''y or Injunction), Itlp...IS. Ind .ny InllCipll.d posl-Judgmanl cOlltction lIMe... Gllnlor .Iso ."'D ply I. coul1 COStl
and .uch Iddl~nal f", II may b. diltetod by lhe court.
C-'Pllon Hudlnll. CltltlOn holdIngs In thl' ~f"manl IfflOf conv.flI8nce purpows only and Iff not 10 b. ul8d 10 Interprll Of de~na lhe
tlrovlSlon, olthl. Agf..man!.
Mult1plt Panl". All obllgallon, 01 GflnlO( undGl thl' Agr..menl I~. b'laint Ind HVIIII, .nd all rel....nc.. 10 GrlntOl Ihl. main 'Ith .nd
.....ry GrlntOf. TNS mean, l/\al.ath ollhl person. .Igrung b.low I. "'ponllbla 101 all obllgltionsln thl. AgfHman!.
P'i' 3
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07.JO,199J
Lo.n No 60001682
COMMERCIAL SECURITY AGREEMENT
(Contlnu.d)
P'i.4
NOliefl. All nohc.. "qu".d 10 b, "I'tln under Ih.. AgrMlNlnl I"aK bl ,,'Vln In WIlling and In,U b, ,"<<bv. lIIh1n .cluIU)' delI~.d 01' when
C1.p~t.d In thl UrIIl,d SI,I" m.~, hilt elln. potl.lQI P"Plld, .ddr""d 10 the (1.'1.,.10 whom the nolle. 1110 b, "''0''1'1 Illhe addl," shown
.bo,,' An.,. P,fty mav Chang. tll Iddr,.. lOt notIC" UrnHf 1M Agr..menl by gl\/lng 100/TlloI ""flnan nollCllo IhI 01,.., PIIMI. 'Pecltylng thai the
PUl'POM olll'lt not':l II 10 cnangllhll pl/tl' ,dd'ns. To the ,Illnl plun.lt'd by appllClb,-law, Illhet' " mcnlhan one QllnlOl', nobello .ny
OtaniOf' wtI conltllul. notlC' 10 aK 0'11'11011. For nohee pUfpO\h. GllntOl' Ig'HI 10 k..p l.,ndet InlOfmed ,I ,1 llmet of Gt.nIOl'" CUff,nl
'ddf"l(nl.
POWtf 0' AllOt"')', GtanlOf MlM1.,. 'ppOlnt,llndet II III true and Iawfullttornet..tn-I.cl, lIf1voeabt.,.. WIlh Il,III pow., OllUbllllullon 10 do 1M
lollowlng: 11110 delNnd, cOlleCt, llellve, IIe..pl lot, ,ue Ind 'leov....N ,um, 01 money Ot olhet P'opeIty wf\lCh tnly now Of hII..1tII' b41Come
due, Cl'Mng 01 ply'bll hom lhe Cobl..'; (blIO 1.leute,lIgn Ind IndOtMlny .nd .1 C!llm., In.llumenl., IlCe'pl., chICh, CStI"' 01 wltllnl,
..,UId In plymenl101 IhI Collateral; Ie) 10 MItIe 01 COmpIO""" Iny Ind II e!llm, Illllng und... 1M CoIIal...al, Ind, In the place and ,Iud of
OllnlOl', 10 lIKuta and dellvel' tit ,,"...e .nd IIttlImenl lOt the (t&lm; .nd (djlo"" Iny t\IIm 01 cl<nl 0110 lIke InV Itllon Ot In,blull 0111..
part In Iny ploeMdlng" al\het In It, own nama 01 In the nama of Gr.nIOl, Of olhelwlM, which In lhe dlKIIUon 01 Llndlt mav HIm 10 be
ntCftwy Of IClvi"blt, ThtI pow..." gIven "l8eUl'lty rOllhe Ind.blldnn', Ind lhe .ulhor't)' hereby conl""ld" and 'hal be InfYOCl,bll and
,hal llmaln In IuI100ct .nd ,"1Ct unU flnounetd by L.ndIt.
S.wtl.tllll(y. II. court of competent J\JfltdlCbon flndt Iny ploVl$lon ollhit AgrMmanllo b. in\/I~d 01 unenlOlc..bla " 10 .nv p...ton 01
cvcumtlancl, IUCh f1ntS1ng lhal nol "nOlf' Ihll pro'Mlon invI~d 01 unanlOlcubll " 10 InV olher p...Ionl 01 ClIcumtllntfl. II IlIilbll, InV
IUCh O"lncng plO'Mlon lhal bl dMmed 10 be mo(Med 10 be Wlltwn lhe kiTIIl$ 01 enforcNblllty Ot Vlkdlty; how........, illhe o"enCllng pro'Mlon
"MOl be to modified, 'tltlll b. Itllc..n Ind IQ 01,* plo-";IIonl 01 thrl ,AglMmenlln I' olher I..peell .hlA llmaln v.kd and IntOlctlbll.
SlKUUQ( InltrtlU, The ",ml 01 lru. .Ag,..menl Itlad be binding upon (iI.nIOl, .nd upon GI.nlOl"1 helrl, p....onal '~",ntaltvn,
IUCC:"'OJI, and IIlIgnl, .nd thai be ,nlOlCllbll bV Under and 'I. luccellOfI Ind '''ignl.
W,al-Wtf, L.ndt;f thai not be deemed 10 ha.... watved InV tlghtl unOIf' lhil .Ag'Nmenl unlell luch waIVeI' " Q1v,n In wnbng .nd IIgntd bV
LlnOIt. No dill)' 01 Omllllon on lhe p.rl 01 Llndlt In '11fC~ng ,nv rlghllhall oper.11 II I w.'....... of .uch nghl 01 Iny 0''''' nghl. A ..arv..- b,
Linder of . PfOVlSlOR ollhll AgfNmlnl t"" not prejudICe 01 con.hluta . W&rve!' 01 L,ndll"" right olhatwlM 10 demand IItICI compkance Wllh
lhal prOVISion OI.ny 01,* prOVISion of lhl, Agt..menl. No pl\OJ w.,...., bV L,ntW, nOlanv COUlM of dH~ng bltw..n Llnd....nd OranlOl, .ha'
con.bluta I Wl/vef of .ny olllnder'l nghtJ Ot orin)' 01 Or.niDl"1 oOllgalions II 10 Iny luIurl".n"ctIOf\l. WhiRl.... IhI COnHnt or lIndIt tI
IIQUlltd undlt IhIS .Ag1..menl, the Qllnbng ot luch conunl by L.ndll' In Iny Instance .hal nol tOnltllul1 conUnulng conunllo lubsequent
In.tanen ..hell Iuc:h con..nl" IIQi.*".d Ind In I' tun luch ton..nl may be gflnt,d or Wilht*d Inlhll~ disCr,tion of lIndIt,
IACH GRANTOR ACKNOWLEOG!5 HAVING RIAD ALL THE PROVISION! OF THIS COMMERCIAL SECURITY AGREEMENT. AND IACH
GRANTOR AGRE!5 TO IT! TERMS. THIS AGREEMENT IS DATED JULY 3D, 1993.
GRANTOR,/l
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In The Court of Common Pleas of Cumberland County, Pennsylvania
Pennsylvania State Bank
VS.
Richard H. Black
No, 97-2044 Civil Term
19_
Now, Apr, 18
Dauphin
19.1l-o I SHERIFF OF CUMBERLAND COUNTY, PA do hereby deputize the SherlITof
COUDty to execute this Writ, tbls deputation being made allbe requesland risk of tbe PlalntllT,
,,' . f.'
-.rl""'U.... .v::'~
7 "'::'." ...,)..... .~,J ..... .~:. ~d
.. .......,..'.. ..-.......~,_&:'~-,,""'="
. I
SberiIT of Cumberland County, Po,
Affidavit of Service
Now,
wltbln
upon
at
by banding 10
altested copy of tbe original
the eonlenlS tbereof,
19
. at
o'clock
~I, sen'ed tbe
a true and
and made known to
So answers,
SheriIT of
County, Po,
COSTS
Sworn and suhserlbed before
me Ihis day of
19_
SERVICE
MILEAGE
AFFIDA VIT
s
s
In '1 he Court 01 Lommon Pleas 01 Cumberlanll Lounty, Pennsylv:mia
.
Pennsylvania State Bank
VS.
Richard H. Black
No. 97-2044 civil Term
19_
Now, Apr. 18,
Dauphin
19B I SHERIFF OF CUMBERLAND COUNTY, PA do berebydeputize tbe Sberlffof
County to execute tbls Writ, tbls deputotion being mode ot tbe requestond risk of tbe Plolntiff,
i
!
,
~
..,
.'
.
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,.:_ . ._.... ~../ .,It '..'
'.' . ...;.... """...... - -'. --- (::-
" .
Sberlff ofCumberlond County, Po,
Affidavit of Service
Now,
within
upon
ot
by hondlng to
ollested copy of the original
the contenls thereof.
19
,01
o'clock
M, ser\'Cd tbe
o true ond
ond mode known to
So 3nswers,
Sberiff of
County, Po.
COSTS
Sworn ond subscribed before
me Ibis day of
19_
SERVICE
MILEAGE
AFFIDA VIT
s
S
.'
,
Office of the Sheriff
Mary Jane Snyder
AooI EGtato Dopuly
Ralph G. McAllister
Chiof [J(]rJU'y
Michael W. Rinehart
A65islnnt Chiol Doputy
William T. Tully
Solicitor
Onuphm Counly
Hnrrl6buro.l'onnnyl\lnnio 17101
(717) 255.2660
J. R. Lotwlck
Sheriff
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF DAUPHIN
SHERIFF'S RETURN
No. 0761-T - - -97
OTHER COUNTY NO. 97-2044
AND NOW, May 8, 1997
at 6123PM served the within
COMPLAINT IN MORTG. FORECLOSURE & NOTICE upon
BLACK JANET E.
BLACK JANET E.
by personally handing to
1 true attested copy(ies) of
the original COMPLAINT IN MORTG, FORECLOSURE & NOTICE and making known to
him/her the contents thereof at 671 FRANCES DR.
HARRISBURG, PA 17109-0000
Sworn and subscribed to
before me this 9T~~ay ~f. MAY, 1997
C!-. l fh,?,;:,.'i!'.O.)
PR01'HONOTARY
Sheriff's COStSI
$36.50 PD 04/23/97
RCPT NO 093858
ET/GD
William T. Tully
50llcllor
Ralph G. McAllister
Chlof Doputy
,
l
Office of the Sheriff
Mary Jane Snyder
Aonl E61nlo Ooputy
Michael W. Rinehart
^GGl5tont Chlnl Do put V
,I
I
I
;/
tl
.
Dnuphln Counfy
HllrriGburo, PunnGylvonio 17101
(117) ?Gb.?GOO
J. R. Lotwick
Sheriff
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF DAUPHIN
SHERIFF'S RETURN
No. 0761-T - - -97
OTHER COUNTY NO, 97-2044
AND NOWI May 8, 1997
at 6123PM served the within
COMPLAINT IN MORTG. FORECLOSURE <<NOTICE upon
BLACK RICHARD H.
JANET BLACK - PERSON IN CHARGE
by personally handing to
I true attested copy(ies) of
the original COMPLAINT IN MORTG, FORECLOSURE << NOTICE and making known to
him/her the contents thereof at 671 FRANCES DR.
HARRISBURG, PA 17109-0000
Sworn and subscribed to
~ ~.TX;~ 199'
. PROTHONOTARY
Sheriff's COStSI
$36.50 PD 04/23/97
RCPT NO 093858
ET/GD