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RE:
Cumberland Valley Cooperative Association
908 Mt. Rock Road
Shippensburg, PA 17257
Jeffrey G. and Michelle B. Reasner
7382 Sunset Road
Newburg, Pa. 17240
Demand Note in the amount of $9,989.51
Dated Nov~ 30, 2001
The Undersigned hereby certifies in connection with the loan above referred
to secured by a Demand Note coNovember 29, 2001ntaining a confession of judgement
authorizing any attorney or prothonotary of any court of'record in Pennsylvania
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 spouses executed the note) is Ten Thousand
($10,000) Dollars or more; 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 have the burden of proving default on Cumberland Valley
Cooperative Association~ the Creditor, and the right to avoid expenses attendant
upon opening or striking a confessed judgement and that the Undersigned
voluntarily executed the said Demand Note with a confession of judgment clause
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.
WITNESS:
~VAN IA:
COUNTY OF ~'~ :
SS
(SEAL)
( SEAL )
--t--r-,.~..%.~.¢~e~ ~". ~)&,S~ ck,~d ~/~e/e./~ ~9~gt.c~x~ being duly sworn according
to law, deposes and says that the facts set forth in the above
certification are true and correct.
Sworn to and subscribed before me,
this 30'fL day of,~, '7,oo )
I I10 HIlL SE~L ~. I
I MERt[I. HARNISH, IIOTARYI~_. i
Jeffrey G. and Michelle B. Reasner
7382 Sunset Road
Newburg, Pa. 17240
$9,989.51
Shippensbura, Pennsylvania
November 30,200~
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
$9.989.51 with interest on the unpaid principal at the rate of 1~%
percent per annum from date hereof until paid in full. Said
principal sum and interest shall be payable in equal successive
monthly installments of $500.00, each commencing on the 30t~ day of
Dec-mhor, 200~, and continuing until Octob~ 30, Z003, 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.
WITNESS:
In the Court of Common Pleas of
Cumberland County, Pennsylvania
No._ 03-/3/a
Civil. ~.2-~0 -~-
To
Prothonotary
19
for Plaintiff
No. Term, 19 ~
vs.
Filed
PRAECIPE
, Atty.