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HomeMy WebLinkAbout98-02179 \ \ ~\ 1\ ',"", , " " '" \ \ , , f ! , " . \ L."w 0''''101':9 SNE:LBAKER, BRENNEMAN & SPARE: 5. Judgm8nt entered hereby is not being entered by confession against a natural person in conneotion with a oonsumer oredit transaotion. 6. The attaohed Note has not been assigned. 7. Judgment has not been entered on the attaohed Note in any jurisdiotion. 8. JUdgment under the Note need not be entered only after a default or the occurrenoe of a condition precedent. 9. 'I'he amounts due by Defendant under the Note presently are itemized as follows: A. Principal Sum: $300,000.00 B. Unpaid Interest: 24,500.00 C. Collection Fees (15% of items A and B, above) : 48.675.00 Total: $373,175.00 WHEREFORE, Plaintiff demands judgment against Carlisle Sports Emporium, Inc. as authorized in the warrant in the attached Note in the principal sum of $300,000.00 together with interest in the amount of $24,500.00, costs of this action and colleotion fees as indicated above. Date: April 17, 1998 SNELBAKER, BRENNEMAN & SPARE, P. c. BY' ~ B~qUi.. 44 West Main street Mechanicsburq, PA 17055 (717) 697-8528 Attorneys for Plaintiff W. Wayde Kelly -2- PROMI~SORY JUDGMENT NOT~ $300,000.00 November 1D , 1997 On demand after date, CARLISLE SPORTS EMPORIUM, INC., the undersigned Maker, hereby promises to pay to W. WAYDE KELLY, or his assigns, the sum of Three Hundred Thousand and NO/lOO ($300,000.00) Dollars, without defalcation, value received, with interest at the rate of fourteen per centum (14%) per annum from the date hereof, said interest to be paid monthly on the 30th day of each calendar month, the first such payment to be due and payable on November 30, 1997. In addition to the foregoing, Maker promises and agrees to pay the sum of $300.00 as a late charge for each monthly installment of interest which remains unpaid more than five (5) calendar days after its due date aforesaid; said charge being as liquidated damages in lieu of actual damages and not as a penalty. And further, said Maker does hereby authorize and empower the Prothonotary or any attorney of any court of record of Pennsylvania or elsewhere at any time or times and without default to appear for and enter jUdgment against it for the above principal sum and interest, with costs of the action, with or without declaration or complaint, release of all errors, without stay of execution, and with fifteen per centum (15%) added for collection fees; and said Maker also waives the right of inquisition on any real estate which may be levied upon to collect the obligations evidenced by this Note and it voluntarily condemns the same and authorizes the EXHIBIT A , . , Prothonotary to enter said voluntary condemnation upon any Writ of Execution issued upon the jUdgment or jUdgments entered hereon; and said Maker further agrees that any property, real, personal or mixed, may be sold on, through and by any Writ of Execution issued upon the jUdgment or jUdgments entered hereon; and further waives and releases all relief from any and all appraisement, stay or exemption laws of any state now in force or hereafter enacted. WAIVER IN EXECUTING THIS PROMISSORY JUDGMENT NOTE, THE MAKER HEREBY DECLARES THAT IT UNDERSTANDS THE TRANSACTION, AND KNOWINGLY AND VOLUNTARILY WAIVES ITS RIGHTS TO CONTEST THE ENTRY OF JUDGMENT AGAINST IT ON AND UNDER SAID NOTE, AND DOES HEREBY CONSENT TO TilE ENTRY OF JUDGMENT BY CONFESSION WITHOUT DEFAULT AS ABOVE PROVIDED AND AUTHORIZED. IN WITNESS WHEREOF, the undersigned Maker has caused this Promissory Judgment Note to be executed by its President, attested by its Secretary and impressed hereon its corporate seal the day and year first written above intending to be legally bound hereby. AT~~ - ~_S_ Secretary CARLISLE SPORTS EMPORIUM, ~ . So...._"" By .. 0":- ,--=-- Pres dent INC. _(SEAL) (Co1:'pol:'ate Seal) -2- ~ ~ ~~ ~ S ~, .~ ~. e.." \), ~o-: ~ Ir\ ' . ... ~ ~ '~ ~ '. ti; , ~" 1I,(; ( 'j ~' t:f= ~i:,i ~i;: C\i' !I)" LL! i:, tL, CJ (n V' ("I .. !)! r:;) r'0 f"" t,: '.:.~ ',- -. i.r; In (;; '" V\ .. :~:j .:( ,/ ).. 111.;... ~~) :?: t", ~ I~: " ..:r " i)... ,.)::"j ,/ <: " :,,.lr. (, :,:(1) , , I ,i~9 ;Of: uHU ::::.'J ,1,)I'l. -, ;t}~' ' , '. @ <3 c I