HomeMy WebLinkAbout97-04946
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TO:
Cumberland Valley Cooperative
908 Mt. Rock Road
Shippensburg, PA 17257
Robert A. Brownewell
Deborah L. Brownewell
Fred R. Orris
Mary K. orris
259 Horseshoe Road
Carlisle, Pa. 17013
Association
RE:
At
97A91&
Demand Note in the amount of $5.000.00
Dated Auquat 27. 1997
The Undereigned hereby certifiee in connection with the loan above referred
to secured by a Demand Note containing a confession of judgement authorizing any
attorney or prothonotary of any court of re~ord in Pennsyivania or elsewhere to
confess judgment against the Undersigned: That the loan for which said Note was
given is not a consumer loan; that the income of the Undersigned (conjugal
income if both spouse. executed the note) is Ten Thousand ($10,000) Dollars or
morel that it was orally explained and fully understood by the Undersigned that
the execution of a Demand Note containing a confession of judgement clause was
a waiver of the right to have a prejudgment notice and hearing, the right to hav,
the burden of proving default on Cumberland Valley Cooperative Association, the
Creditor, and the right to avoid expensee attendant upon opening or. striking a
confessed judgement and that the Undersigned voluntarily executed the said Demand
Note with a confession of judgment clau~e knowing that the aforesaid rights have
been waived and that an execution may be issued on a judgement entered on said
confession against their property.
The Undersigned further certifies that they were advised and understood
that they could have an attorney examine the said Demand Note and any other
documents in connection with the loan prior to execution.
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(SEAL)
(SEAL)
(SEAL)
_(SEAL)
COMMONWEALTH OF PENNSYLVANIA:
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being duly sworn accorclif!ll ,'il..,.I'"
facts set forth 1n the -bOWl ::',;;;~i!
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to law, deposes and says that the
certification are true and correct.
SW~i n..l a~d S~b~C abrt before m~ttq I
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NOTARIAl'iEAL
W,NOY M BU~KHOlDtMt)"'" Mk
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M'I Comm"l~i~n (,'P';!'l June 7 1.
Robert A. Brownewell
Deborah L, Brownewell
Fred R. orris
Mary K. orris
259 Horseshoe Road
Carlisle, Pa. 17013
$!5.000.00
Shippensburg, Pennsylvania
August 27, 192.1.
In installments as hereinafter stated, for value received,
I/we, promise to pay to Cumberland Valley cooperative Association,
908 Mt. ROCK Road, Shippensburg, Pennsylvania, the sum of
$5.000.00 with interest on the unpaid principal at the rate of 11
percent per annum from date hereof until paid in full. Said
prin=ipal sum and interest shail be payable in equal successive
monthly installments of $651.06, each commencing on the ~ day of
september, 1997/ and continuing until J\pril 28. 199i, at which time
any unpaid balance of principal hereof and all interest accrued
thereon shall be due and payable in full. All payments shall first
be applied to interest due, with the balance to be applied to
principal.
Upon default in payment of any such installments or of
interest when due, or upon failure of thE makers to pay for each
purchase on or before the date of their next purchase from
Cumberland Valley Cooperative Association, the whole of the
principal sum then remaining unpaid and all interest accrued
thereon, shall, at the option of the holder hereof, become
immediately due and payable, without demand notice.
And further, I/We do hereby authorize and empower any attorney
of any court of record of Pennsylvania or elsewhere to appear for
and to enter judgement against us, in favor of any holder of the
Note for the above sum with costs of suit, release of errors,
without stay of execution, and with fifteen (15') added as a
reasonable attorney's fee, and I/We do hereby waive and release all
benefit and relief from any and all appraisement, stay or exemption
Laws of any state not in force or hereafter to be passed.
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