HomeMy WebLinkAbout98-02043
PENNSYLV1,NlA STATE: BANI<,
PlaJ,nl: j[ [
v,
IN TI.!f!: COURT Of" COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLNANIA
JEFFREY 11:, FAHS, individually
and dba JEFI" FAHS El.I1:CTRICAL
CON'rRACTING and MAINTENANCE;
HESS BROTHERS PLUMBING and
HEATING; and CALVIN PAFr
ELECTRICAL,
Defendant
NO, q~ - ;J(F1S
C4-;} Wt-,.,
CIVIL ACTION ,LAW
IN CONFESSION OF' JUDGMENT
FOR MONETARY DAMAGES AND FOR
POSSESSION OF REAL 8STATE
Pursuant to the Authority contained in the Warrant of
Attorney, a copy of which is attached to the Complaint filed J,n this
action, 1 appear for the Defendant and confess jUdgment in favor of
the Plaintiffs and against Defendant, as follows:
Principal
$ 126,024,06
Fees
$ 12,602.41
Total
$ 138,626.47
---".
fendant
I)ENNSYL VANIA STATE BANK,
Plulnliff
v,
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYL VANIA
JEFFREY E, FAilS, lndlviduully und
dbu JEFF FAilS ELECTRICAL
CONTRACTING und MAINTENANCE;
HESS BROTHERS PLUMBING und
HEAT/NG; und CALVIN PAFF
ELECTRICAL,
Defendunt
NO,
CIVIL ACTION.LAW
COMPLAINT IN CONFI~SSION OF ,J(mGMI<;NT
AND NOW COMES the Plnintiff, Pennsylvania State Ilank, by Its attorneys, Niehollls &
Foreman. and l1les this Complaint in Conlcssion of Judgment and, in supp0l1 thereof, uvers as
tollows:
I, Plaintifl~ Pennsylvaniu State Ilank, is a corporation organized under the Inws of
the Commonwealth of Pennsylvania with principal ofl1ces located at 2148 Markel Stl'eet, Camp
Hill, Cumberland County, Pennsylvania,
2, Defendant, Jeffrey E, Fahs, individually und trading and doing business as Jeff
Fahs Electrical Contracting and Maintenance; I-less Brothers Plumbing and Heating; Calvin Paff
Electrical, is an adult individual whose uddress is 1',0, Box 2524, York, Pennsylvaniu 17405,
3. On or about July 28, 1995, at Defendant's specific request. Plaintiff entered into a
loan agreement with Defendant whereby Plaintiff agreed to lend up to Two Hundred Fifty
Thousand and 00/100 ($250,000,00) to Detendant under the terms of II Promissory Note, a true
and correct copy of which is attached hereto, labeled Exhibit "A" and made a part bereof,
4, On or about November 26, 1997, Plaintiff, at the specific request of the
Defendant, agreed to lend up to Ninety-six thousand Seven Hundred and 00/100
Dollars($96.700,00) to Defendant under a Promissory Note, a true and correct copy of which is
attached hereto, labeled Exhibit "B" and made hereof.
5, The utoresuid notes huve not been reJemled. trunsferred or ussigned,
6, Judgment hus not heen previously been entered lIguinstthc Detcndunt on either of
the aforesaid notes in any jurisdiction,
7, Each of the suid notes eontllins u eont(,ssion of judgment wherehy Borrower
irrevoellhly authorizes uny uttorney to enter an appclIranee on his hehulf and eonfessionjudgment
in the Court of COlllmon Pleas of CUlllocrland County, I()r thc cntirc principul unlOunt of the
note, all ueerued interest. costs of suit und lIttorncy's comlllission ofTen Percent (10 %),
8, Each of the stlid notes is in delindt, payments required thereof huving not been
paid and, despite repeated demands, Delendant refuses and continues to relilse to make the
payments thereon,
9, On the debt evidenced by the Promissory Note attached hereto as Exhibit "A", us
of April 8, 1998, defendant owed a payoff balance of Twenty-seven Thousand Three Hundred
Fifty-one and 78/100 Dollars ($27,351.78),
10, On the debt evidenced by the Promissory Note attached hereto as Exhibit "B", as
of April 8, 1998. defendant owed a puyotT balance of Ninety-eight Thousand Six Hundred
Seventy-two and 21/ I 00 Dollars ($98,672.21),
II. The total principal balance owed on the two I\lans as of April 8, 1998, is in the
amount of One Hundred Twenty,six Thousand Twenty-foul' and 06/100 ($126,024,06),
12, According to the terms of the confession of judgment of the two said notes,
Plaintiff claims attorney's eomlllissionofTen Percent (10%) of the unpaid balance in the amount
Twelve Thousand Six Hundred Two and 41/100 ($12.602,41),
13. According to the tel'fllS of the note, Pluintiff elulllls continuing interest from April
8, 1998. together with costs of suit.
WHEREFORE I'Juintin: us uuthorized by the wurl'Unt of un uttol'l1ey eonluined in the
uforcsald notes, delllunds judgment uguinst the Defcndunt in the totul SUIll of One Hundred
Thirty-eight Thousand Six Ilundred Twenty-six and 47/100 Dollnrs ($138,626,47) together with
interest us set f(lrth in the notes fi'om April 8, 1998, until puid In fullund cost of suit and brings
this instrument to court to recover the said SUIll,
Respectfully submitted,
NICHOLAS & rOREMAN
By: ~Vbr:
Bruce D, Foreman, EsqUIre
Attorney ID 1121193
3207 North Front Street
Harrisburg, P A 17110,1311
(717) 236-9391
Attorneys for Plaintiff
PROMISSORY NOTE
!':=~~;1~~~],it~.~~~1t[~~I~I."Y .... 16~~~_o6~[C~'iIco'iil"'ir.-'~:Q;~r'r6~~;i' \ i'illiiiu-J
___.!!.!IOllncOlln Iho ,haded Ilia. If I IOf lUl1dof'Lu~o..!!!i!tld do mlllil1\illhQ aPlII1Cahl~~<!~!l!J2..~.f!.I\.!.~I!~I_U1llon'.._.~-
110rfowur: JtllrlV E, FI'" (SSNl 204--34-1''') lender: ..eNN8'1lIJANI1. ST ATfl DANK
db.: Jell Flhl tUtellloel Conl"clln~, tit" aU.Mllkeltil,..l
Ulolhtl' Plumbing, Cllvln P,ll EltcUle ITtH: I P,O. DOll 41'
P.O, 8011 an. Cdmp HUI, PA. 11001-0417
YOlk,I'A 17401
,-,,,,,,,-,=.,_,,,,_n.__'_'=":"="'"~'=""~'c:.'..>,;.;O.:"Ol""
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rill1olpol Amount: $260,000,00 11110r.o\ Rota: 0.000% Dol. .t Nato: .Iuly 28, 1995
pnOMISE TO PA.~. JIlIlIY 1:. F.hll"8oltOWIf") ploml'u 10 PlY 10 Pl\NNSVlVANIA STATE DANK p.lIlltlllr"), o. olde'llo l,wlullT\oney 011111
UnU,d 811tu of Amtllcl, 011 denumd, lhe p,huilpal ,mounl 01 Two Uundrld FUly TlloulNlnd .. 001100 OoUln tUtO,OOO.OOI 0' 1&0 muCll '" mllV
be oullllllndlllg, 'oQttt1~t wllh Inll".1 II 'hI "II 01 0.000% pll .nnUI1\ on lh' unp.ld oul.landlng prlnclp.1 b.I.IIU 01 Itch Idv.nce. Inlllesl
thaU bl calcUllllld Ifom Ihl dl'l oltlch adv.nce unlll"pIvmenl ollleh M!Vlnc;e,
p.VMe~H. DOh'OW., will pav Ihl,loln Imm.dl.I.IV upon LInd"" dlm.nd, Inloro_\I on "1I~ Nola IS compulod on. 3n51:1O~) Simple lIil,,1I111 h;ISI~
III'll it, h~ Ippl'f~ng Iht r.Ho ollht annualllllore.1 rale ovor 1M I1Umbllr 01 dllY~ Ill" yoar, rnull1pllotl by ttl0 oul'llo1lHlino pllnclf)l11 Ollo1nr:o, rlOull'pllod ()'I
IhU I&I1IUlll nUlllOJOr 01 dllyl tho p.lllcipBl bllanco Is oulslandlng. UorfoYjbr will pay Londo/ lit LOllllllf, llMIOS~ shown llhovo OJr ,II suot, OlhUl placu 11'\
Lender 11l11~ dOllQnllo In wII\IIlQ, \lnlQU otherwise ell/lod or feQUllod by IPplicoulo law, paymonts wllllHl applied Ii/st 10 accruod urlfhlrd 1111.lt011. U,un
k> p.ll'lClplll, llnd In~ renlalnlng Imount to .ny unpaid collecllon cosls Ind 11119 rh4rglls
DEFAUlT, UOlfOW9/ Will b8 In delaull U IIW 01 Iho lollowillg happons: (a) OOHowo/lalls 10 mako ally pll~rnonl whon IhlO \ulllorrower blOll~5 llny
proml'l111offOwor has made 10 Lender, or 1l01lOWlll lalls 10 comply w!th 01 to perla/Ill whon dill) any olhor lorm, obllgalion, COvQI1l\nl. UI conthllon
oonlllinod In Ihl5 NotQ 01 MY llultell1onlltlalod 10 Ihis Nolo, or In an~ olher ag!eomonl or loan Oorro'NQI has wllh Lendur, (olllar/owef dQfduns UIl(hl,
any loan, ...Ionslon 01 credll, securlly IUfllerllfH1t, pUlohoso or '1110" agreament, 01 all~ olhot agreemonl, In !lwol 01 any olhor credlllH or purson 1I\,tl
may malorlally aUecllll\Y 01 UOlloWilr's Illoporly O( UO"OWIII'S ltblhl~ 10 repllY IhlS Nule or perlorm narrower's obll\lllliUll'lll(I(JOf Itll'l Nolo (JI ,11\-( 01 11\0
Holalo<lIlU<l1l111onl$, (d) Ally ruplosolllllhon 01 s\,\toll,ool olivlo or hlfrll'll\f!d 10 LOIH!lH hy (lorrower at on IloIIONItI'S hQt,lIlt 1'\ lill'l\l at In''lIIl.Hllng 1111111'/
IMlotlal rospocl ollhot 110W or Hllho limo mado or hlllll'lhml {lIllIOllOWor rlLll'> 01 bocomll~ il\~ol~onl. Q tOCOI~llt I'> IIppolnlnd lor uny Pilll oi 1I0lto"'IJr'~
PfOPOtll, BOHOW(ll maklls all llUlijt\ll,onllor lhn bonollt 01 <;rodllols, or allY i)(OClltldulg I., lJOlnlllollcod ollhot h)' (Iotrowut or l\\lalu~I BUHO'lillt uudot
any bQl\kfUlIIGY or Inso!yoncy IdWS. (t) Anl clodltOl Irlos 10 IlIkO all'l oIIlIHlOWIU'S propod,' Oil or III Wtll(,h Londol tla~ II lion or Socunly InlUlUst Tnls
mcludolll garl1l~hmonl ot any o! lIo"uWllr's UCCOl/n!s wllh l.ondo/. (01 Any 01 lho m'onlS (loSC/lbod IIIIILI'\ dolllull s01:\lon OCCIIIS wllh rOSl1or.t 10 any
ijua/anlOI ollhis Nolo, (II) A rnalorllll lIdVII/SO ol1an~o occurs !n !lOIfOWIII'~ l,nanClal oondltlon, or Londor bllllovos tho Ilrospocl at paymenl or
podOfmance 01 lho lndoblodnllss Is Implllrod. (I) Landor III oood hillll dooms IIsollmsooUtIl
IIl1rly doralin, olhol Ihan II dolilUllln paymonl, I! ClHabtu and If {lollOwer has 1101 bllun y,~un II notleo of II hrOllcll 01 It,o Sl\mo prO~I~lon 01 Ihi" Nato
wltr\ln Ihe proclldlng IwOlvQ (\2) monlhS, II may UO clJtod (and no o~on\ 01 dllfaull Will IllwO ocoUHod)II l\O!rOWOI, altor 10cel~l1\g wultOI\ rroll.iO trorn
Lllndel domalldmg curo 01 such dolaul1: (al curo~ ltlO dolaull withl!l hl\oOHl (15) days; 0/ {hl II lho r.um rOQul/QS moro ltllln !r!luon (151 dil'/~.
hnmodlaloly il1lhlllo:l slops WhiCh Londol doom$ln Londor's solQ (liscrl1tlo,l 10 bo sulllclonllo cwo 1110 dohHl1I and lhuroaHor conhl\U115 anLl cr.lInploluS all
'oa~ollablo Ind nnCllssary IIof)$ $ulllclel1t 10 produco compllanco os !oon liS /Ol.lsorHlbly pracllcal
LENUER'S RIGHTS, Upon d()!llult, Lemlor may, &11111 ijhlny such nollcos as /oqUlrtHI by lIPpllcablo law, dOi;lalo 1110 onllro unpaid pnnclpal halanco all
Ihls Nolll Ind III accrued unpaid (nlo.osl (mrflNhaloly dllO, and lhon !lolrower WII! pay thai amounl. Londor n1ay hiro or pay S0l11001l0 ol<;u to holp
cullacl IhiS Nola II UO/fOWOI does nol pay. Burrow(If also 1'1111 pay Londor lhal amounl. ThiS includos, subloot 10 Iny limils um!tlI apphcablo law
Londer', allcrnoy,' roos !lnd Londor', legal o~pensos wholhol or nolltllllO !sa lawsull, Ir1CllIdlnij aUorno/s' loos and looal npell~IIS tOI tJanktlJptc~
plOcoedlnijS {lllcludlnueHorls to mocllly 0/ vllcalo any automallc slay or InIUnclion}. appoals, and I\ny anhcrpalod posHudgmenl collochon SOIV'CU'l U
nol pfohlblletl by IPpl\crhlo 1,,1'1, Borrower also will pay al1Y COUll costs, In addlhon 10 all olhOt sums provldod by 111'1_ If ludglooi1lls ontOlQ'11l\
conneclion wllh Ihls Nole, InlO/osl will ounhnuo 10 Il:ctue on lhls Nola altAr ludgrnont al Ihe O~I:lllrl'illnlelO~1 rlllO provldod lOf In Ihls Nolo, This Nole
h.. been d.IlVlled 10 l.ender Ind .CC.pllld by Lendt! llllhl Comn\OIlWlllllh 01 P.nn.yl.....nl.. IItho.1t II "tawlull, aOf/ower Ig..es upon
Llnder'a "qunllo luhml\ 10 lhe lurltdlllUon 01 the COU.lll 01 CURltlllanU Counly, Ihe Commonwealth 01 Pllon.ylvlnln ThIs Nole shall bl
go....ernld by and con.lIued III .ccordance wlUllhe law' 01 Ihe Conllllonweallh 01 penn.yl....nl..
IlISHONOREU ITEM FEE, UO/lowel will pal' aloe 10 Landor 01 '2(1,00 II OorroWllr makes II paynlonl on Barrowor's 10,ln 811(1 H,o ChoCk or
pre8ulho1lnd oharge Wllh which Bonowor payS IS IlIle/ dl'lhonllro'j.
RIGHT OF SETOFF, DC/Hower grents 10 Lendor II conlrllCluQI possoswry soounl~ Inlerll~lln, and heroby a',sil,jnfl, convuys dohvors, plodgos. antI
han$lolS 10 Lendor all BOHowa:', righi, IWe and Inluro~1 In and 10, Elol/ower's accounls wilh Londor lwholher r.hockII1IJ. sa~lngs, or some olhOt
IIccounl), includlnU wllhoullullllalion all Qecounl~ hold jointly wllh somoono olso and ail ;\ccounl~ BOllo....or may opon in Iha Illluro, oxcludlllll howovor
.IIIA", Koogn. and husl accountS. Borrowo/ aulhorlzes Londol, 10 Iho 0',1.10111 po/mlllod tn applicablo law, 10 charQo or 501011 all sums O'NlI\g on Ihl..
Nota agalnsllny llnd ailtUCh Iccounl!.
CO\.LATERAl, This Nole Iii soou.-od by, In addillon 10 ally olhor cOllaloral, a Morloago dolod July 26, IfI':J5, to Lendor 0" Will propotly tocalod In York
Coullly, CommonwoaUh ot flol1ns~lvanla, 011 thl.' Ill/illS and condlhons 01 which aro horoby Inco/polllled IInd matlo a pari 01 Um. Nolo
LINE OF CREDIT, ThiS Nolo evtdencos II revolving Hna of ClIH\I\. AdvllO(:OS undor thiS Nolll mllV l.Jo requosled only HI wriMg by Bonow!)r 0/ as
plo~lrt9d In Ihls paragraph. All communlcallonS, IIIStrucIIOI\S, or dirocllons u~ IlIlopl1ol1O or oll1otWISe 10 Lendof aro 10 lln tlilllolotl 10 LOt1(IOt's olhco
shown above. Tho lollowlng party or parMs all) aulhol\zod a~ providod If1 Ihl$ pala\Jraph 10 roquosl lId~ancos undor Iho lino 01 crodll 011111 LOlldo!
roCOlVOs hom Bonowe/al Londor'lo addlon Sl10WIl abo~O wnl10n notico (II rovocallon 01 IhOlr ault101l1~. JIllfllY E. rills. .dv.nCII on the LIne will
bl bued on 100% ollnvt/tcll. Plocted' ol'\loh .dvanceI, Inl Ihe IIIrvlcl cha'''' Ind fue,~e I\mo\lnll, wIt! be f111P(lslllld Inlo tl chlcklng
accounl ot pennlvlvlnla Stale Dank, narrower a\JrollS t() hi) \latllo lor all ~Ul1\$ orlMr: (il) advallCol.l in ilcco((l,ll"~O Wlltl Iho In11!u<lh()"~ or <1"
'U\hC'fizod person Dr Ib) credilod 10 any 01 UarIO'Hlll" accounl~ wilh \.ondor. 1110 unpQl1.l punClpal halanr.o OWlt1\1 "n It".. NOlI} al any hmo fl1a~ 00
ovidoneed by Indorsomont~ on thiS Nolo or by Lllnd"I'S inlolllal rocordlo, Inclutllnll dally compulor pnnH,uIS. l.ondor will havo no Obll\J&!lOn 10
Idvllnce lunda undol IhiS Nolo U: 'I) OQIIOWlII 01 ally Quaranlol 1'1 In delaul1 undor Iho 10WlS o! lhi$ Nf.lIQ or llny agtllomenl lMI Borrower Ot an'/
gllat~nlOl ha. wllh Lendor, Including .n'f Ig.80fl1enl lnado In cOOlleolion wilh lho slgl\l(lg ollhiS Nolo; (b) Be-lfo....er or any QuallnlO! coa~os dam\;!
bllsl~'" Of It insoNllnl; (e) any guarllnlo, Sloks, clolm$ 0' athelwisO lI110mplS 10 Ilmll, modlty or fe...oko such guall,llof'S gus/anlllll ot lhl\ Note QI an'/
otllet loan with Lendllf; (d) BUtfOWef tin applied lunds provided pUIsuanllo 1t11S Nole lor pUfnO~O$ olller Ihan lllose oulholizotl by Londor; or (Ill
lentler In good 1IIIh deem. iltetllnsltCufI unde/llll, Nole 0/ any othel aglllemenl belween Lendsr and OorrClwuc.
ANNUAL REVIEW, The LOin ::ommllmenlwlll a.plre ono yoar Irollllhe dala Itlll ~ole and UUSlnof.S Maflllger MnrllhAnt "'\Itoamonl alo exoClltnrJ Tho
Oank wllluwlew IlIt Loan annu~lly lor fenawII" and ..Ion:llons; suoh .onewal. llnd oxlllnsla!lS \0 be ijfllnlilCI plodlcoled Oil tho POltOffl'll!Ir.O 01 tho
complny and gUllanlOl. ,"d adholenco 10 \118 BuslnoU Manage/ Merchant AlI109munl.
RESSRVE ACCOUNT. The Bank wlII retain a 1011 pUlcent (10.00"4) lo~orvo 01 Iho laco smounl 01 00011 rocOIvatrlo pUlctlo~nd Thn folI\INI';IO BmOUfll
w~1 bl dlpotilld Into Money Markol AcoounII02Q...Olro-.S II flenn!l~lvdnia Slalo Bank. E.con 10Ial!1a\,jo \hallulI dlstJUrsud on tho Ifllh amI 1M lar,l
day 01 lach monlh.
D.t.NKING RELATIONSHIP, 'VOII shall "\I;lnlll" yoUl prlm'ry tlepos!l acoounllelallorlShlp ""llh l'onr1sylv<<IlIA S1alnllank
GUARANTOP'S FINANCIAL STATEMENTS, 'Vou mUll provide Ilptlalod hl1~nclal iulOlmalion annually a'lllJqullBd U'f 1M lIallk. Irr(,l.lllrnll bill flol
~rnllttll" liglllO C~ 01 pt'110NlI !lnanelal 1lllomenlt.nd lalC folums 011110 IlUBlaI1I01S,
WVANCES, AtI.....nces on the Urll1 will be baud on 100% ollnvolco, Pux:ool.ls 01 such advanCQ5, lo!>s 1M dl\counl iUld /O',lll'HI arTIml'11'l, '(1\11 DO
CltPo.(~d 10\0 chtcklrlQ .ccounlll5\H)599--<4 al p,nnlylvlnla Stale Olllk.
~""ICE CHARGE. The Mf'IICa ch.lrQt on the Une will be Ihree and one-halt pllclInI13.50'll.) ollho laco amounl 01 oacil fecervao1o p\lfcha..e(\
GENERAl. PROVI~IONS. 1 hiS Nol." paVable on dertlllld, The Inclusion ot SPQCillo dolaulI provls(onS Of righl! 01 Londor shan nol pfoclude lender's
11.,111 t:;. QltCIaII p,tymenl 01 thr~ Nol. on ils demand, Lender may delay Or lorgo ertolcinQ eny 01 lis /Ight~ or lomerlles undo/lhls Noln wllhoulloslOij
I',,", BtI'row" .r~o all, olntf pe/wn '10'110 ligns, guarlnlens Or elldorsos Inls NOltl, 10 the e.tenlllUowed by ,-w, Wlllve pr&senll'll\lnl, domand lor
J,lilfnItl1l1, ~,tl\ll~1 ,./IClf'(jliC41 ~l dlsnonol. Upon ln~ chang6 In Iho lerms ollhi' Nol9, end unless olnONo'ls. e\pI"Sly shlled In wrihno, no parly \l/ho
...."""_1111' ....l...., wl",I"..'" mil.er, IIUlllnlor, l(-commOtlalion Il1Il~er or ondoa'lr, shallllo lolened Irorn hall,Il~- All SUCll plIr11es IQrfltl lhUI Londel
"""1 '''''''~ (If tJ.(lfiIIrl';l 't.........l6ltj1y Ind 1(Ii an'( klf"~lh 01 limo} Ihls loan, 01 rolone any plrt'l 01 flU'IIl"lOi ct cJII.teral. Of impair, 11\11 10 teBhzo upon 0/
IN'kIo<;' l."""*' I. w~u'1111,\"",,~,t I', "141 o:;(.;Illt,lll; 'fld ilkll.n~ olhol Ql,lion dOOffi(llll1ocQssafy by lomtor wllhoullhD COIl~llrlt 01 O! IloheD to anyone
.oJ t.\f'.ll 1'.'1Mt, "~\lIIi'll'''''I'~( llll"'w' U-11 rWlt"', !tilllr).\n wllhuut Ihll cunlolll III or ntllocll tll anyllllO Olrltl lhan Ihl parl'f wllh wllQm \110 l1h}{hllcahQc,
.~ "llItoll I' ."1 VJlll'I" ,,.0( tI"t,. li'llll It. \1.;1 In, flllWII l!u\urrrllrlluI1u 110 IHllIfllu/C:Ullllhl, II will 1\01 auoct It'" UlltOlCIl..bll:ly 01 __11Y O\lllll ptOV15lf)1I5 QllIlI'[o
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'.II" " .1'''' 'ft 111' ", J"r ](, ','I "il/l1.' ,1/111 lilt! !,II'III)/I;II IIMIII\ (11111 'II Will HI Ii I ,V'I" ,\11 ,\1 .\N, IIMI 'r '1I!1I 'Il!h ','jL'II'V '\ q
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~t1noll..1 Atn"unt: 198,1011,110 11.1. "' NIII., NII~.tnh.r ~O, 19Ut
IllWMI\\" lO I'AV, .lttllfV IF, ,.", ("nn""wlt"l 11111111'''' 10 IIIV lill'I1HH"YI VANIA M1Alf' ""HI( ("I"idlf"l, u, mil." IlllllWM "'fln.v ullll.
U"U.ct I'll.. Df ""'''1111I, lh. IIII!II1III.I.mIllUlI 01 Nln.')' NI, 'heIIIMIUI'ttll.1\ !llIlIltl'lI" OOJIlIIIIlIll!'HI UUlI,fIlII.lHlt, tnUC'lh., wille '"I"'IIIIIf!
lh. un".ld II,ln<<:IIIlllh.I'l1e. limn NOIl.mll" 1', '''', until p.hll" lull.
IIAYMrHf, aUbl_clln.IIY l\avnllnlc:h.l1i1*' "lUlling 'fnm Clh,"~..11\ Ih. In".., lIu'jllwttr will ,"If IIlI,'u.n IfI'OIiIlHI.IlclI willi 1111 fUIIO'Nlnll
'1A'/n'llfll~".dull:
· 1l0I1NIIHlllv. nlOl1lhlr 1111""1 J!.ynllnl',llIghllllng UII1.mll" 30, "", WIIIIIIlIIl..lllIlflUl.I*d "" It.. IIIlIJ.hlllllllllll'"
lI'hUII111 .~ ... Inl,," "I. of I.OlIO ptIClIII'II' 11111111' tlV" Ih. IIld.. d"C1lh.d h.llIWI 'ml 4. 1l01l1MClUIlY. ,"lInlllV
1"lnUIIIII 111111 1111""1 l"yltltnl.111 III' hUU.l.hIIlUlI 01",4'41,U 'l41h, h'uhll\hlU ,111111.10/'''', 'llIUh IIlI",..lllllltlUl.I'd 1)1'1
h. IlIlllflld 1IfIIlIJIjllllll.lflllcn.1 '11 hll.II.I III. ull.OOO Jllln.tUIU<'! pelltll. 1111" lh. hit II d.ItCl"bld 1I,law. ftClIIOWlf"
Ihl.1 II'YIlIIIII ell :1,4'11,'3 will h. elll, 011 M.y :an, 2001. fhl, IIlhnal... '111.1 fllynu.rtllll hu.1l Uti 1/,. l..umpl/(IIl Ihlt .U
1111'11111I11111 will II.. 11I11/11 .~'oIlV tI, l4~t\lclullll "111 lh'l Ih. loll.. dOl. Ill1ll1tl"'u-t1 U.. 11111111 flllllll'"vnlllnt will II. IIlI flU
IlIhlul,'lIllIrllllll:uwlI'IrIII'f"'" Ilnl V.lllllhl, InUlllh., with Iny nlher W'llIlll Imount. IIrlll'f Ihl, Hul"
Inhtil"il fill !l11'i N,;tlll', ':I1l11p"lnl/ On II :Ui''/:.IW, f<llIlfI'IIIIIIIIIU~! 11''''1, 111,,1 h, hy IIPpIYI!lVlhl! IlItlO nf UlIIlllIlIl,,'III1!UIII"llthIIIVU! IIhllllllllhnl 01 oily, 11\
It YU,II, 1l1lJlhpll.ld tlY Uw (1llhliHldlllU pllllr:ICIlIIIIiII/llleu. nlllllijl1liJd by llil; Iwhu"lIllrflbUI of dlIY_ 1110 pllllClplllHlllIlICD 1$ OUlslllneli"U. 1I0!fflWO/ .....ilt IH1Y
LOIlc/ur III LOII(jOl'~ Il(lcfro~~ 5i10WIl llhovo (Jf III suah UlllOf 1111100 U Londor /1111'1 1/011"1\1110 In wll!lrig, U,\llIU othOIW!!lO Ilgrllo'ld 01 roqulrll(1 by
IppllClltJlo Iltw, PllYflllll\ls will 110 appllocJ lusl 10 1lr,l;Iuod unpllId InlOlost, H,on 10 principal, 1I11d "ny lenllllnhlg .mounl to ally unpaid collOcllon oo,!s
and lalo chaIUo~,
VARIABLE IHTErlEST RAn:. Tho Inloresl r.hl on Ihis Nolo Is sublllollo cl1ltng(l 110m lime 10 11m. based on changes In an Inde~ whIch i, Iha
flpntl~yl.....nla Stolo flank's !luo Lending Rilla (tile 'Ind,,_"), The IndO( 15 not nlloeulHlly Iho 10......sl fale chRlgect by Llnd.r on Its lOins and Is lei by
Landor In Its SOlO (Iisorllllon. II Iho Illd91l bocomtls unavaltable during Ihe hlrm 01 this lOin, Lender mllV dllllgllste , .ubslllul. Indell liter nOli~ng
BOllowor. Lender will tell OOffo.....ef lho CurrOllllndoll flto upon B('rr"woI'. IIquesl. BOf/ower unde,.h'nds Ihltt lindo, may make lotns based on
olhor 1.les IS welt. Tho Inll/rosl (alo lihlnge will nol oceUf mall otton Ihan o.ch DIY. TIl. Indu tUn.nllV II 1'00" Plr '"num. Yh. Inl.re.1 "II
or III.. 10 be appU.d 10 lh. unp.ld pllnclp.. blll.nc. of lhl. Nol. will b. Ih, "Ie or rll.. HI toUh .boy. In Ih. "P.vment" Mellon. NOTICE'
Undol no clrcumslancos will Iho Intmo"II!e Ofl Ihls Note bo mOf' than Ih, malllmum 1110 .lIowed by .ppllc.blo law. NolwilhsllndloUlhe .hove
plovl~lons, Ihe malJmurn IncrQa.,o or dOli/lase In Ihl Intorosl r.h:1 .1 anyone Ume on Ihls loall will not Illceed 2,000 percenl.ge polnls. Whenover
Il10roa$os C)C(jur In Iho Inl810s1 r.to, lelldlJf, .1 lis optl(J(l, may do ooe or morCl ollh. lollowlng: (.) Increase BOIIOWOI', pllymenlt 10 ensuro Borrower's
IOill1 Will pay oil bV It, ollglnal IlIlal malUII!V dille, (bl Incroall Bef/owor's pllymon!.\ 10 COlJOlllccfulnglnlel8M, (C) Incf8t1Se 1"0 numbo, 01 80(/owoI'S
pil~monl!., and (d) conlmuo OOllowor's pavmenls at 1M limo amount Ind Incroaso Bo/(owo/'. final paymont.
PREPAYMENT'. norrowor may pay wllhoul ponalty all or . po/lion of Iho amounl owed oalllor than It Is due. EllrlV plymOllls wilt nOl, unlou 'gleod to
by lendol in Willing, roliovo OOfr{,wer of Uorrowor's obligallon 10 conllnue 10 make paymenls under tho fleymenl sohedule, f1ather, Ihey will rOdlJcfllho
Pllnclpal balll/l(,e due and may rusuft III BOIIOWQ( mlklno lowor pllymonts,
LAYE CHARGE, II a paymen' I.. 15 day. or marl 1.1., Borrowo/ will be ohlfged 10.000% 0' Ihe regul"ly sqh.duled plym.nl or 150,00,
WhiCh"..." II O,..ler.
OEFALl. T, 801l0wor will bo In dofaulIl' Iny 01 Iho 'ollowlng h.3PPlns: (a) Dwowor lalls to make Iny paymenl when due. (b) BOllowlt breaks any
pfomJ!o Bouowe, hall marlo 10 londflf, 01 BOHallo'er 'ails 10 compty with 0' 10 perlorm whon due anv olhef I.rm, obllgallon, Coven. nt, or Condition
I;on!ainod in Ihls Nole or any agrDemenl (elalod 10 Ihis Note, 01 In .ny olho( Igrtemonl or loan OonoWfll has wllh lend,r. (0) Bo',owllr de'aull, under
.lilY loan, ellenslon 01 credit, sacurny 'gloomel'll, purchase (j( Soles agreem.nl, or Iny ulhor Ig,eamonl, In f'lJoI 01 Iny other credUO/' or person Ihat
Inay maleri.ll1y ,flecl any 01 BOffOWOI', prop"IV or (JOfro",",,', 'bllily 10 ropay this Nolo 0' per/orm (Iorrower', obllgallons under Ihl:l Nole Clllny ollho
:lalatod Dooumonts. (d) An,! ,tlplosonlatlonm slelomonl mQdo 0/ lu,nlshod 10 londor bV DO/fowor Of on fJO(fOW,r'1 bohlllls lalso Of misleading In any
matllrlal f8Spect BIIMf now or allhn time mado 01 lurnlshoct. 1ft) Borrowllr dies Of bocomos Insolvenl, a receiver Is aPPolnled 'or any P.,t 0' (\orrowftr's
fllopefly, BOllower makos an assignment for Iho bonolll 01 elodlloll, or Iny proceeding Is commonced OUhet bV ftotfowor or agllnst BOIIOwer uncler
!lny baflkfuplcy or Insolvonr,y laws. III Any clodilor hlos 10 lako any 01 HorlOwsr's properly 0/1 or In whloh londor has I lien Of secUffly Inlot8sl. This
11101u<lo$ a ga,"ishmonl 01 any 01 UOflowor', accounts wllh londor. (Q) Any ollho ovon!s doscrlbed In Ihls def.ull seellon occurs with rospocllo any
ouaranlOf 01 Ihls N,,'o. (h) A II1ltollal od.orso change OCclIrs In OOffowor's financial oondlll.:ln, or Londal bolle'llls lho P/ospool of payment or
porlorml)f\Co of lho IndotJlednoss Is hnpalrod. (I) londer In good 'aUh deoms Use" Insoetlra.
II any dolaull, olhor Ih.]n a (Joll1llllln paymenl, Is ourable IInd It OO/rowor has nol boan Illvon a nollco or II breach 01 Iho s"mo p/Ovl~ion 01 Ihis Nolo
wl!hin Ihe p,acodlll" twelvo (121IhonlhS, II may bo cUlecl (al1d no ovonl 01 dofault will havo OCCUHod) II florrower, allol roool....lng wrlllen notice Irom
1.lIndot dematldmij CUIO 0' suoh dolaull; (Ill aures tho dofaull wlUlln IIUoon (15) dil'(ll; 0/ (b) II Iho oura roqulro5 maIo Ihan IllIoon (151 days.
Immojlalely Inllilllo'lo Slups which Lendor dooms In londo,'s soil) dlsC/olion 10 ba ~ulllclonl to curo Iho dolauUlnd IhorOllltll' r.onllnu8s Ind comptol05 all
rOllSonabl1l .nd nooessalY Slops 511111clonllo produco compllanco liS Soon as IIQ~Onably plactlcat,
U!HDfR'S RIOHTS, Upon (la/lUll, Lendor may, alto/ gl....lng such nolloes lIS tequlrecl by applicabte IllW, dllClarelhfl ontlre Unpaid prlnOlpl1 balance on
Ihis NOle Il1d ,11 accruod unpaid Inlofesl imm.dlalely due, 'nd Iher. Oorrow" ~...1I1 PlaY thaI amount. lende! may hI,. of pay tomoone aise 10 help
coll80llhis Nor. It Do((owo,' does nol pay, Borrower Ilso wHl p.y lende, Ihal amount. ThIs InCludes, SUbjtello 'n~' limits undo, 'PplJr,.blo law,
Lend.,'. IllornlVs' t..s Ino lender'. legal elCp.nssl wtfalher or nol ih8l0 /, I lawsHII, lr.cludlng 11Iotnuys' INS .nd leg.' OlCpensfS lor b.nkfuplcy
ploceeding. /Includlng IIIorl' 10 modlly or Vlolle any .ulomalic sll\Y Of InjunC1!on), apP'als, .nd .ny Inllclplt.d posf...judgmenl Ooll8OIIon le,VIcn II
nol prohibll,d by Ipplicable IIW, Bottower Ilso will p'y any Oour! cosls, In Ilddllton 10 .It olher sums provided by l.aw. II jUdQrTllJntl' Inl.red In
conneclicm wIlh Ihit Nole, Inbrost will oonllnu. 10 .cc:rue on this Nolo .ltor JUdgmenl allhe Inl"..1 tll(I ..ppliclblll 10 Ihls Note altho tlm. jUdgmenl1'\
llnt..-fd, Thlt Nol. hit bltn d'"Ylrld 10 L.nd" Ind ICC,pl.d b~ l'nde, In Ih. CommonwlIllh of Ptnnlvlv.nl.. If Ih.It II I INtuit,
Bo".,., .gr", IJpon Llnd.r'l fOqUOIt 10 lubmlllo ItI.jurl,cUclIon of Ih, courl. of Cumbtrllnd County. th, ColhmonWlIlth of """aVlv,nlt,
Thl, Not. ""'" be goY.mld by .nd Con.llu.d In ICtord'nc. wllh Ih.,ew, 0' Ih, CommnnwlIUh ot P.nnaVIII.nl.,
DISHONOHifD ITEM FEE, nOH!'W&/' will Ply. leo 10 lGrldm 01 $20,00 II hOllowor makes" p.ymanl on hOl'fOWIl", 1000rt Ind lhfl r.~~l< rif
WflaUlhOt\le'o ehafOO Wlltl \Io'hiCh Borlow.r pl)'ll!l lllel dlshonOfe(l.
FUGtrr OF SEToroF. Borrower grants 10 Llndt/. conlllclu.1 possoumy SflCl/rUy Inlo,ell hI, '(ld hl"eby ...slgns, I)on\la~, defNIIS, Pl6c~. ''-''l(J
1'&rI~lfir, tll lllM(I' III B(I:row.,'~ righi, "lie .M Inlorlst In .nd 10, (Jolfower's Icoounl!! wllh l.nde, (Whelhe, checlllrlQ. s."';"9\, or wme 0I''<tf
lI(:vllunlj, Includl~ will1(Jull,mltatiOtlIM ICCOl/nls held joJnHy .....nh somoono also and all ICC10unls Dorrower mav CJpan In lhe IU!ll(e, .:lcruCir.g hO'I.,o&,.r
al: 1'11. an:; KClOgt'IlCCO,L'ts. .nd all trusllccounto;, 101 whk;h Ih9 grlnl 0' a secUllly Inter"l would be prohlblt.d bV law. Rcuo",*, 'utl'lOfim loStldet', !Q
hI(! Clllonl ,...'ml1ltld tJy 1.,pht41ble I.aw, to ChAlge 0/ Sololt III sums owIng on Ihls Nolo agalnsl.ny .nd all such 'CCClUIlt!l.
COLLeTBAAL, Tl1!~ Noll' 1'. Lfl~U'.d by,:n addition 10 .ny other collllolll, I Morlgage dOlled Novomb., 26, 1997,10 lender on te.al tlroC"~/ io:::o:aht.:: 'I"
'loll {;uunly, ClmllTlbr'lWDlCt!f' (If f'IHl"'~ylV'l1il, all tho le'lns and condlUons 0' which "ro he,eby IncolPcratod and madl I PI.r1 ot r""$ NQ~,
Ul!FAU',-'- IHTmU:lil ~"TL 11' lIlt> tt..tHl! c,! dfll.vlf lor WhiCh the LlIndaf does not IC~(Jlerllo '''eI.OIn, Including It" '.,hue;jl e,W;:W'f ~ ~rC"lIJ. It-It
blI;UI{;Id' ~lditHlltlni:, t1~ 111(IUllllr;J '*'l.Iu":jU, t>r 'Jr'~f Ihtt 1.0111 -'tlt.ornenl,lno Ipplio3tJ!e Inleroslllt. on Ihe L04In. ft)r I p<<'.xl t>'f'l,j:ifl"/'V ~f";J' ;j...v~
nUll' .'0'1,11"1' 11t;lI"A' Of ~LJ[;r; tlOllllJl~ iI',.;' 1t11(.)II,. V~"fl I~,. tUflflf,J'" ,air) noliClft! Ita/lull, Ilhllllnor.Bllll or,o I'lulfitll' 01 N'" \,,-.(\....,11 \ J~'i.\ ft.'f [/'lit ~,'jl a'ul,!
~'\'J.; ti<lf" (.I' :><i;(i ,WI/lut ..11(1 ",,;tUtI:''' Ii"~ 61'jolh'J'iI!i /,'" qr)IIII" lit rlllft llllll:ftnl C;lfi'lC.) clWll1U l/loh 111111\' PI.)\ (1f~. I~il..'t 1".....1tvr Jl,'llllj,j ..mu;iliho,
I.'l/I>'.;.,:, (Jt!(OlUii \.Y""l'"",: :..",,;1, .....I..LJIt ItI(tJ'''It1 r,l, "f6l11. ililill !II Ililt .llIlf'hlllllll'i1'tlll1l:ljllli hlll"tWIt III lt~ 'Nil llt.'~'11 ~f'!., '.'V"I'I,j ~" 1""'h1l1<.",...
w"I,,,, II.... !"I",I./; '4.1., 'Ji II"., .tni" ',I'tll, Iu/ud l'i I".. ""Ii..I" "Vlllll'l Ifflfllllllill'h~1 ,..111 """,'llv.. 111\111" II~!" 11'1 1\1'..'/1 II.... ,;.tIU.\'I' '''''I.,'''IV.
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