HomeMy WebLinkAbout00-06237
-
i.'
"
'.._J'_.. _ __, '_~
'&- '-',
. '~"","
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DMSION: LAW
ALLFIRST BANK, f!kIa
DAUPHIN DErOSIT BANK AND
TRUST COMPANY,
C{)- IPd-37
~
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INl>USTRlAL, INC.
Defendant
NOTICE OF ENTRY OF JUDGMENT
TO: PHOENIX INDUSTRIAL, INe.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
You are hereby notified that on September 12, 2000, Judgment by
Confession w~s entered against you, the Defendant, PHOENIX INDUSTRIAL, INC.,
and in favor of the Plaintiff, ALLFIRST BANK, fIkIa DAUPHIN DEPOSIT BANK
AND TRUST COMPANY, for the following amounts pursuant to the warrants of
attorney contllmed in the "Commercial Loan Note" dated June 12, 1995 for
$250,000.00, attached as Exhibit "A" to the Complaint, and the "Commercial Loan
Note" dated ft.ugust 25, 1997, attached as Exhibit "B" of the Complaint that was filed in
the above captioned matter, for:
PRINCIPAL $ 367,198.17
INTER$ST TO SEPT. 12,2000 $ 13,673.73
LEGAL FEES (15%) $ 57,130.79
TOTAL $ 438,002.69
Dated: September 12, 2000
~De~
Kain, Brown & Roberts LLP
119 East Market Street
York,PA 17401
I.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for the Plaintiff
,.""'"
-
,
",'"
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYL VANIA
CIVIL DIVISION: LAW
ALLFIRST BANK, f/kJa
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
CONFESSION OF JUDGMENT
Pursuant to the warrants of attomey and the authority contained in the confession
of judgment clauses set forth in the "Commercial Loan Note" dated June 12, 1995 for
$250,000.00, attached as Exhibit "A" to the Complaint, and the "Commercial Loan
Note" dated August 25, 1997, attached as Exhibit "B" of the Complaint that was filed in
the above captioned matter, I, Jack F. Ream, Esquire, appear for Defendant, PHOENIX
INDUSTRlAIL, INC., and confess judgment in favor of the Plaintiff, ALLFIRST
BANK, f/k/a DAUPHIN DEPOSIT BANK AND TRUST COMPANY, and against,
Defendant, PHOENIX INDUSTRIAL, INC. , for the following amounts pursuant to the
warrants ofattomey contained in the "Commercial Loan Note" dated June 12, 1995 for
$250,000.00, attached as Exhibit "A" to the Complaint, and the "Commercial Loan
Note" dated August 25, 1997, attached as Exhibit "B" ofthe Complaint that was filed in
the above captioned matter, for:
PRlNCIP AL $ 367,198.17
INTEREST TO SEPT. 12,2000 $ 13,673.73
LEGAL FEES (15%) $ 57,130.79
TOTAL $ 438,002.69
Dated: September 12, 2000
Jack F. R , squire
Ill, Brown & Roberts LLP
119 East Market Street
York,PA 17401
I.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attomey for the Plaintiff
ALLFIRST BANK.
1
~. -
...............":.-
" ~ ,.
-
, .
.; ,"0
"""'- ~ '~""""-,,.
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DIVISION: LAW
ALLFlRST BANK, fJkIa
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, 1Ne.
Defendant
COMPLAINT
1. The PLAINTIFF is ALLFlRST BANK, a state banking institution
organized and existing under the laws ofthe State of Maryland, registered to do business
in the Commonwealth of Pennsylvania, formerly known as DAUPHIN DEPOSIT
BANK AND TRUST COMPANY, with one of its principal places of business at 3607
Derry Street, City of Harrisburg, Dauphin County, Commonwealth of Pennsylvania,
17111, and hereinafter sometimes referred to as "Plaintiff' andlor "Bank".
2. The DEFENDANT is PHOENIX INDUSTRIAL, INC., a corporation
organized and existing under the laws of the Commonwealth of Pennsylvania, with its
principal place of business at 950 Woodland Street, Suite B, Mechanicsburg, Cumberland
County, Commonwealth of Pennsylvania, 17055, and hereinafter sometimes referred to
as "Defendant".
3. On or about June 12,1995, Dauphin Deposit Bank and Trust Company,
predecessor to A11first Bank, extended to Defendant a credit facility in the form of a Line
of Credit for $250,000.00.
4. To evidence the borrowings on the Line of Credit for $250,000,00, on or
about June 12, 1995, Defendant, as Obligor, executed a "Commercial Loan Note" for
$250,000.00, in favor of Dauphin Deposit Bank and Trust Company, predecessor to
Allfirst Bank, as Obligee.
5. Attached hereto, marked Exhibit "A" and incorporated herein by reference
thereto, is a true and correct copy of the a '~Commercial Loan Note" for $250,000.00,
dated June 12, 1995, executed by Defendant, as Obligor, in favor of Dauphin Bank and
Trust Company, predecessor A1lfirst Bank, as Obligee.
6. On or about August 25,1997, in connection with the Line of Credit
Facility for $250,000.00, Dauphin Deposit Bank and Trust Company, predecessor to
~~
-~, ""10",,,",,
AIlfirst Bank, extended to Defendant an Over Line Facility of$100,000,OO on the
$250,000.00 Line of Credit.
7. To evidence the borrowings on the Over Line Facility of $100,000,00, on
or about August 25, 1997, Defendant, as Obligor, executed a "Co=ercial Loan Note"
for $100,000.00, in favor of Dauphin Deposit Bank and Trust Company, predecessor to
Allfirst Bank, as Obligee.
8 Attached hereto, marked Exhibit "B" and incorporated herein by reference
thereto, is a true and correct copy of the a "Co=ercial Loan Note" for $100,000.00,
dated August 25, 1997 executed by Defendant, as Obligor, in favor of Dauphin Bank and
Trust Company, predecessor Allfirst Bank, as Obligee.
9. The "Co=ercial Loan Note" (Exhibit "A") contains a confession of
judgment clause.
10. The "Co=ercial Loan Note" (Exhibit "B") contains a confession
judgment clause.
11. No judgment has been entered on the "Co=ercial Loan Note" (Exhibit
"A") in this or in any jurisdiction.
12. No judgment has been entered on the "Co=ercial Loan Note" (Exhibit
"B") in this or in any jurisdiction.
13, The "Co=ercial Loan Note" (Exhibit "A") and "Co=ercial Loan
Note" (Exhibit "B") have not been assigned by Plaintiff and Plaintiff is the holder of the
"Co=ercial Loan Note" (Exhibit "A") and "Co=ercial Loan Note" (Exhibit "B") and
is the real party in interest. Allfirst Bank purchased the assets of Dauphin Deposit Bank
and Trust Company, including the loans to the Defendant, the "Co=ercial Loan Note"
(Exhibit "A") and "Co=ercial Loan Note" (Exhibit ''B'').
14. Except for the transactions set forth in Averment 13 of this Complaint,
there has been no assignment, transfer, sale or negotiation of the "Co=ercial Loan
Note" (Exhibit "A") and "Co=ercial Loan Note" (Exhibit "B").
15. The Line of Credit ("Co=ercial Loan Note"-Exhibit "A") and Over Line
("Co=ercilll Loan Note" -Exhibit "B") constitute one credit facility for purposes of
Bank's internal Bank records, loan administration and for purposes of invoicing
Defendant for payments.
16. The combined obligation of Defendant to Bank, being the Line of Credit
and Over Line, evidenced by the "Co=ercial Loan Note" (Exhibit "A") and
"Co=ercial Loan Note" (Exhibit "B"), is a co=ercial business lending transaction
and is not a "consumer lending transaction" as that term is defined in Rule 2950 of
Pennsylvani~ Rules of Civil Procedure
2
17. The combined obligation, being the Line of Credit and Over Line,
evidenced by "Commercial Loan Note" (Exhibit "A") and "Commercial Loan Note"
(Exhibit "B"), expired on April 30, 2000, at which time all amounts due and owing by
Defendant to Bank on the combined obligation, being the Line of Credit and Over Line,
evidenced "Commercial Loan Note" (Exhibit "A") and "Commercial Loan Note",
became due and payable in full.
18. The "Commercial Loan Note" (Exhibit "A") and "Commercial Loan
Note" (Exhibit "B") provide that a default shall automatically occur upon "the
nonpayment when due of any amount payable".
19. The "Commercial Loan Note" (Exhibit "A") and "Commercial Loan
Note" (Exhibit "B") provide that upon a default the amounts due under the instruments
are immediately due and payable: "Whenever the Undersigned shall be in default as
aforesaid, (1) unless the Bank elects otherwise, the entire unpaid amount of such of the
Liabilities as are not then due and payable shall become immediately due and payable
without notice to or demand on any Obligor...."
20. Defendant has not made the following payments of interest on account of
the combined obligation, being the Line of Credit and Over Line, evidenced by the
"Commercial Loan Note" (Exhibit "A") and "Commercial Loan Note" (Exhibit "B") as
follows:
LOAN #
NOTE DATE
FACE AMOUNT OF LOAN
EXHIBIT
#0001
8/25/97 and 6/12/95
$250,000.00
$100,000.00
A and B
DUE DATE
AMOUNT
5/1 012000
6/1 0/2000
7/1 0/2000
8/10/2000
9/1 012000
$2,916.67
$3,130.55
$2,643.07
$2,411.67
$2.415.92
.,."""",.",,",,',',
.. ..... ..,
1.'''' .
$13,517.88
21. In addition to Averment 20 and in the alternative to Averment 20, prior to
the date oftrus Complaint, Bank informed Defendant in writing of the default and
demanded payment in full of the combined obligation, being the Line of Credit and Over
Line, evidenced by the "Commercial Loan Note" (Exhibit "A") and "Commercial Loan
Note" (Exhibit "B").
3
',.t',.;.,C,,";:_ 0_ _"-<,,.,! '".,-,;,
""""""-
22. As of September 12, 2000, the following sums are due and owing to
Plaintiff on account of the combined obligation. being the Line of Credit and Over Line,
evidenced by the "Commercial Loan Note" (Exhibit "A") and "Commercial Loan Note"
(Exhibit "B"):
LOAN #
EXHIBIT
#0001
8/25/97 and 6/12/95
$250,000.00
$100,000.00
A and B
NOTE DATE
FACE AMOUNT OF LOAN
PRINCIPAL
INTEREST
TOTAL
$367,198.17
$13.673.73
$380,871.90
23. The confession of judgment clauses contained in the "Commercial Loan
Note" (Exhibit "A") and "Commercial Loan Note" (Exhibit "B") authorize the entry of
judgment at any time after the occurrence of default.
24. In addition to the amounts set forth in Averment 22 of the Complaint, the
"Commercial Loan Note" (Exhibit "A") and "Commercial Loan Note" (Exhibit "B"):
authorize Bank to recover legal fees of 15% of the amount due and owing on the
combined obligation, being the Line of Credit and Over Line, evidenced by "Commercial
Loan Note" (Exhibit "A") and "Commercial Loan Note" (Exhibit "B''), with the
attorneys fees ,requested being $57,130.79.
WHEREFORE, the PLAINTIFF, ALLFIRST BANK, f/k/a DAUPHIN
DEPOSIT BANK AND TRUST COMPANY, prays Your Honorable Court for a
judgment by confession in favor of the PLAINTIFF, ALLFIRST BANK, f/k/a
DAUPHIN DEPOSIT BANK AND TRUST COMPANY, and against the
DEFENDANT, PHOENIX INDUSTRIAL, INC., pursuant to the warrants of attorney
contained in the "Commercial Loan Note" (Exhibit "A'') and "Commercial Loan Note"
(Exhibit "B''): for the following amounts along with costs of suit:
PRINCIPAL $ 367,198.17
INTEREST TO SEPT. 12, 2000 $ 13,673.73
LEGAL FEES (15%) $ 57,130.79
TOTAL $ 438,002.69
4
".~
Dated: September 12, 2000
5
J~
,
",.J "
""'"
,
J k F. Re y quire
in, wn & Roberts LLP
119 East Market Street
York,PA17401
J.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attomey for the Plaintiff
ALLFIRST BANK
;'~''-.;, --
,
l~""","
-
, '-, " ,->~
" --~
.,-'"" "'
'~M.'C
STATE OF pennsylva.nia
SS:
COUNTY OF York
Before me, a Notary Public, in and for the said County
and State, personally appeared
Kenneth T. Milliken
I who,
being duly sworn according to law, doth depose and say that he/she
is the Asst. Vice President
of ALLFIRST BANK, a banking
institution organized and existing under the laws of the United
States of America and doing business in the Commonwealth of
Pennsylvania, and that as such officer is authorized to make this
Affidavit on behalf of ALLFIRST BANK, and that the facts set forth
in the foregoing document are true and correct to the best of
his/her knowledge, information and belief.
7-6-C$~
Kenneth T. Milliken
Assi~tant Vice President
(SEAL)
Sworn and Subscribed to
before me this i~~ day
Of~~
, 2000.
~ ~v"v\) ~
Notary Public 0
NOTARIAL SEAL
Linda M. Wolf, Notary Public
York, York County PA
My Commlsalon expIres May 22, 2003
.
..:...."".
",," ~ ,. 1,,1 I ,
{.iUdpllil \ IX:pu,illku II-
uIllJ~u~IConilJUffl(
__ ~...,-..i_,"ii'll.
Dalo _--.il!:.!L_!~ /ff:?__
The LJru.l~l:iign13d, jtJilltly C111d severally, plomisa to pay 10 lhe older of Dauphin Deposit aank and Trust Company (the
"B"nk") 01 liS A~siYI\> at uny 01 ils bunk ol\ice.1\j~l~lnde~sLnftv thousand and 00/100-- Poll.rs,
to be paid as follows:
Principal payable
. ,
. ,
I
I
J, " 'I
li~
17944
C.3,1,
1.11. llll..Il:llIi
'.
,
"
2f)1 J ,Ill J(j ~ t J(!
_.~!, dema!ld.______~___._
With Inleresl
At a rate l~E!!!!L-,!glli!Lto tll~Dauphin Deoosit lliJ~e as in.,eCfec.t..
__leom tIme to time. l)lus 1%,
Illl"'U:;1 tilll"l be ealeutal...d on Iho toati!s ollh.'aclual number 01 dIIvs In Ihl> Ihf,l(l CLllIoml ealllOClar ylllU divldiNl by 360. Polh principal and inllrllsl atl payabl" in Jawful OlOIIOV
<,It the UrutGd SlalcS. 01 Amoliea III al\Y olfoCEl 01 Bq.nlIlo ImRlI.diallllv avalfabla Iunds.
l'nEPAYM"Nl. Thlli nOllllllo3Oy bll pu.paid In whotll Olin part alallY limo al Ihe .."lion ul Und'rslgll~d wilhoul plllllllllrn 0' penally. I:II(:h plllpllVmllnll1laQ till N'pIitld litt;llo Ill-
lur..;;l,llllny.lllllnoue anl! lhlllllo prIncipal.
SIAlt'AiENl OF ACCOUNT. Tha Bonk willlurnislllllll BOllo....<lr wilh a SllllllllltJnl 01 aCCD\JIlI on ~ pll,lodic basis. Each snd ,virV Sllllemenl ollCQlunl shan be linal. con(:lulilve
ami bit,dlng iJpolllha Undpfl.igllad in all r,spaCls as 10 IIle oul~laflding batanco 01 plinclpal and as 10 IIU loans, lellB. InlllreSl. eIIl1lUllS. paynlllllls, 'lIcelplll. bala/lCill. ana all
OnUir aUlU.rl. fellllcled Ihriteln unloss Ihll flat/ower. w/lhb1lan (10) days aIle, IhEl posllng Ih6reolln Iha Unitad SlIItes mall. IhaD gi>'Q oolico 10 the Bank In wlllrnlJ~ atIyobJec-
lions WhiCh Cho Unda/slgnild fIlay have 10 any.such sllllolnenl.olacCDunl; ond In such o",onl, only Ihoselloms ilKprllssly objoclod 10 in such w'/llIIn nollce shatl be collSW&,ed 10
ba d~....IO~ by tlw Undluslgllu(f Olnd all oilier llems shall be binding.
~J:4:UHlTV A$ tillcUlily IlIl 11111 ~yrnonlllllhilJ n011l afld IUllhll paymllrll. pllrlUlllllUlca an4lliloClulfga glall glhlll prallnl 01 luIU'1l11IIfElblodnetl, o!lllgatlo~ anci UMlIllaldnge
t".dlvi"ual. \<N,n. ~evurDI. Iliruct, COnllll!)\\rIl 01 I)\~ 01 tho bOWUI \0 01 101 1M b&neUt u1 t\la 61111k. whilltlaf ariihl9 ~1lY tt> \\lo eallk UIIdiIs \till nma Of UI\du any oI.twl
aglllumenl, promlssury notu 01 undell<lkings now ,8>1lslln{l a. IoCl/alRanOt enl<ttlld b)' Ihe SOIlOW" 10 Ihll BlItlk. The Undetlilgnlld hal.,by assigns IIl1d Ilalllilal$ Ia and pllldge. wJIh
tho BanI< and granlS Ill,) Ball)l d $",curlly inh>111st m the kdlowill\l p10p9r1y:
.!'os ;~~t f~rnl '!!1 %,.eplrit'2:. hgf~g.m~mt~_::.._Gen!~I~,l ,.9ruL!nY~nt~.lmQ~mts..Receblable__._.____
<!'H9<! ?;jlJ;.!Q;3.
COHAJERAL. TOll Mm "CtlIIIUtlrlll" us usal;( IItll8ln means all ollhlllorllQQing "rDperty, IOglllha' wllh atl p.opartv Into,'I" Dlany, nalu'e wnilIOO....f ollha UIIdlll.lgn,d, 01
IIIl\, ollholm, now 01 heruln:.lllil'r in Ihe possellion 01 Of tlIulgn.d o'"Vpolheesl$d 10 Ihe ,Sank lot lItly PUfpclH, including VfllhOul ~'l1lallon an)' PIDJMI'I, IlIled abcWa IIlIl .ny
blll"II:e Ot Ihata, blllon91ng 10 the Undtlfslgnod 01 any ollhem, of any dap()S11. ayaney or oliurr alXOunls wllh l(le Bank'ana any 011111 amolll!l8 ~hlch fnly bf owing 'rom time 10
lime by Iho 8an~ to the Un'dll.:>Ignllcl Ot any ollhem. Thl Undel81gn(;ld egrells Ihal lhe Ba,!k .hull huve'. IIIlIl upon and leCUlII, InlOlesl1n the ColtalerIJ.: and ~ (Ighll, In eon-
f111Ctlon wilh IhO CoIlalaral, to SOCU'lI Ilia pavmenl ollhls nOle and 1111)' renewals, 9~llInslonllmd 1II0dlllca~onlllha'all. and aU 01h8f txll~flD !iabUIlIeI. wJ!elh., aIlsllfull llr con,
lingolnl, llllho UIlderslgn8C1. Of Iny allhllfl'!, 10 the Bank, ,aid nolll end any UflIawals. e~lenslons and l'tIOd11 ,lIons'Uleroo, an~ laid gibe, 1IallIHllat baing Ilafelna~.. C111IIIl'IIYIly
tolllf(IIC1l0 IIIlha "Liabilities". "ally othet Llsbllllllllllll ~ ellMeneo whOn Ihlul1Dla II pal~, ehen, IlOlwlth,. ding tha Ill"ondetollhl. ,,,,It,lho8l1nk mlilY ,ell~,lh~ COllal&llrl
,lIld IIhlli havll w1111111spactIMIr.lo all ,Ighls and tomltdlel avallllblolo II, Including !hi:llll! h~reln gral1llld at' el.rlaClI~, Ind . lIu, cOfIy of Ihle flGl. ,hall b. ,uUICllfll prom 01
lllu ,IOhls gr.1f\led iMllln. Said lion and locurll, Inlo,osl ehall be lruJIIPttndllnl ollln~ ,illhl 01 $111'011 which lIla 8anJr mll~ ha...., The. !Jndllrslgn8llllRlumilS lulIIIlSjll)nslbmlV' lell
plll~a"'aIIQn ollhlJ ColI&lolal. including laking any slapa neclIssarv 10 ptelillf'l/. anv Ilyhls O,llha Undlll~igned, or anr oIlhem, O1thtf Banllln It egalnal p,lOf partlDl.II llny pto-
p~rly incllldlld In Ih' Collalellll DI Ihe valulI Iheleol .hall al anr lima bllcornll unsallslaCIOf)': 10 Ihe flink, the Unda,slgnlld shall wilh/f1 24 tIoura allel dll/Pand and as lIlil Bank
nil.)' ditect dllli\'ar, aSliign 0' 1ll'lJUlhecalllllllhll Bunk as part ollhe Collalaral addlljonal properly whi~h It lallllllCto'\' tD !ha 1111011
HIGIIlS OF 8.'.W< In 1I,IlJ.li""10 "II olhef IlgIIIII g,a/lled hElleln or Dlhe,wiliu pWillollosad by~, Ihe Sank &1\.Il1I have lh. 1011o'Nlng "Uhll, lIe" ot wIdell In.y bll e.lllcllOO III .nr
IIIno will;C1ul pli;.; f111llce III 0/ cOllsllnl 01 all~ .Ollllfl Ufldlltslgned: P) 10 pledge 0' Ilunsfer, I~I. nOlI unll anr 1&l\IIlYsla. '1IlaMlon$ und modifications It,ftlaGl, asSiQnI!IQ thB'&Wilh
IhOUI:"Ik's I.ghls ,n Ihll CoUalollalOl !lilY portion Iharllol. alld anVlilleh pledgelllltllanlilflle~shall hava all tl1a rlghll 01 lile 8arlkheteunda(wllh.osj.llCllolhlunolelll1dtny
/I!n,no/als, ".llln~'V1l11 and mool'lcallons Iherllol anClanv ollhe ColIstllral SO ",SSignlld Il1arawllh, and Iha 8<lnll &hall be lharoalter relll,vall ((Om aU IlabilllY with Itll{l,\:11O all\, 01
Ihll Coltal..':lIso a~signaCl; Iii) 10 h;\'.sfll'lhe whola o'lny part ollhe C!JlIalotalll\lo Ihe name of ilSatl or lis Ilomlnea; (01) 10 'IDle thll Collaj"sl: (ivlIO nollly Ihe pllISDna;
obli\l3led 1',1 any olllle Collolllllallo ma~1l paymllrlllo lhll Bank 01 any emoLJnls due'or 10 become dUll tharllOn; (VIla lake conlrol of anV pl'DCGlldS ollhe Collaltltal: and (vq 10
relosse Dr < Aehangll un~ 01 the Cotlml)ral ., any Ilmll be/ala or alh!r melu/ily halaol.
PA YAft^ j OF COSTS In au..hlion 10 ilIa prinCipal alld inllllesl paymllnls spllclf;ed ubova. Ihe Uoderslgolld IihaP par 10 Iha Bank 'or any olhll' naldll' -he,eol, upon d.;<lUand, III
,,,,sls and t ,plI.lSOS (Incl,I[\1I10 tllllSMaLlIe 03011011I8)1$' ISII$ Ind legatll.penses) which may-ba inculflld by Iha SaM or IIICfJ lloldl( In Ihe euslod)', plCi$DlYallO(t. "". gpo'allDn,
praparaliOll 101 Ii3lo 0' Sill" of !he Collahtrlil Of ilIa llnlorcornltlll upon dllaull 01 Ihis 1101e. SaId COSI$ shaJj inc:luda ,easonablD ellDlntl)'l' .IIIS alid cosls III banlltupl~ p,o.
Urfral(\ga, AlllO include l~os inclfIred '01 an)' t~o"laclion In lalllllon 10 lhll/oan llilllsactlon ILl. ~irlg joinad 111 'n~ ~ellon blltwaln our boflOWIf and 0 3,/J pally).
DE/AUt 1$. TIlIl t111"<lr5ion~11 ~hlJ,11 be in delauf! tUlfllun,/\}, upon Ihll CCCUfllln", 01 anV' olllllt lollowing eVlnltl: II) Ihe 1l00Ipal'I~I ft'lltn du, of any 1111I0"," payable on allf 01
\I\fI llr\tlllill\\ll. Ul Ihe lailllle (,llll\y ObllQm 10 obseN. 01 \.,.(lunlllI!\y \l9l.ailll\..o\ 131 1M\)' 1Iil.\II.I/l 'o'I11t>1&%\l011 with Ihl hnk (\he ~rn "~" '" \11.60, hfoIe\1\ bema meal'll \0 \ro.
CIU"1l Iho 1100.lIlr~j9n,'4, iI.lIll .111 ~1S:"rlS s"'colldarll~ Illlblll 011 Ihis ~ole 01 any I,' 'r.v.~ l.s, f11110flSIOIlS, 01 1I1Ddillr;1I110fllll1l1lOI, .ueh as Iln~I"(S OIl1ullr&ntolal; Ibllr .n~ ObU~'
b~j)ll.t' illtilWw.lII\ j}l l\lal.\lb Ill\ ll,SS\9"lUIlII\ IGl III. 1:1011'61\1 01 cUldiIQl" Of << '"'llWllllon 1& 111m by Q.f aualr.S\ afVt ObIiQ01lH\1Sel Illy pI~ at any ,...,. to! ""'\\AGo aho\r.~nhlll
slIch OLollgol Is in50lvIlflllll unillllo 10 Pill' debltl al IIllly 1n.1lu1lij Icllh/l /llllry ,II /ln~ jlldllmlllltllgaiflsl any 0Dl1g0l or Ihl Iseulng ollln)' alluclllntllll 01 g'lIIlllsl.m,nt ii~rn~ .r.r
J>IClplH\)'alanyObliQOl 01 \hG Ot'.c\lllune/l 01 a\\'tt.Il:l'lli)\I III "\1.1 IIMIIC\a1 conui\k>l\oI \'lI"1~wJ\iClI\f'I\h-lll'Ol/l~J\\ot\hO..I\Ir,\$I.'t'Il\1&1\1lIIV aWlol.~;tlS)'IItIS\~,
II\OIYOf, Cl,lIISotl,Mlh)fl or l<lolOi\nllilll.:ln 01 eny Oliliaol .....,llch 15 a corpl>>lIlion ur 1~'II"OIShlp; (e) Iha dllalh /.JIllnV Obligor who Is a naMal plllllOll: (lj any }nIOlllllllkm htl'lllolOlr ut
th'h-lnlll\lf 11l1lli$\l/lo 10 \tia Bbll~ by illlY ObI\Uill In CQIlfI,)tIlOI\ 'Mlh \he \olin il\l\llenC<td h&ff:by Of any gualbnly $hGuId be mall/ielly lill~e--, IIml (9) \he lallul8 01 any oonpt.l \l.J \ur.
1':~ll SI-Ich IluJnr.ial OIlld .)lhl>1 inloll.li>lIOn as Iho ailnk Illay le:l:>oll;.blr l~q'lli,,1
At,;<:fUllAlI,:W I'\NLl f.f,'j LlIj{;LAI~Nf IlIGIHS, WhO,Il!v.' Ihl! tJndUl~iYl1ud ~lkl1i bU In dlllaull as ulOIOllald, (I) unlilU Ihe 8ank elaell otf1erwillU, tile anllle Ilfll'llId af\lllUnl 01
l>u.:h of 1M L..lbltl.i':> ,'. 010: u.lllhon duo and ~l,lyolbICl shan b<lOOnlO lrnmodlllloly d<lClllnd pll~abfo wflh.lut nolieo 10 0' d>lmllnd on all)' OIlIlgDl: and (2llha Parlk InllV ..116 Dtl-
lion ...NeISo IIOlllllffiG to lirl](>. ,)"'y 01 1111 IIghl5 find IIIlnodie5 ,.vallllblll 10 II undar Ihll Panns\l~antlll lJlI;l>;.rm COf\'llno!clal CQlle Of olhefwlaO i1votliilllllO III InclultlnQ UI' f/QhllD
di~po,,<f ot Iha c.;.llal-aro3Ot lit Pl'l>li: 01 prlvl>la S.ll~'l or olhe. P",I;(t~dinQ$, alld Iho Uodolslunlld lIQ1Q8S thallhe ~ Of Us nominee maVlb8QOme tb.a ptlCc:Mue1 at. aIlr .uct\
salo(,). rho Un&uignod \\.livt'" ,IU ligllllo ~hl)' 01 e.oculioll una eMamplion ul plOpllltV In uny aCllun 10 llull/rce aIIf ~ the "'abiIlU...
API'j leA 'tv" Of CUI LA It'hAI. 11lu PlOc~""lIlll1lll1l Cll\l,lhllnllGeolvud b)' 11Iu D~nk III IInl' hllll' Lllllo'O or allUf dalaull whlllllllf 110m .ala at CoIlalulal Of ol!luM'lle. IlIAy b'
4IpJll,;,,j 10 III on ,Iccounl ollh" l"'ylIl(I/II Ollltlllll /.Jllht ltlbllllietl anclln suell ouilll as Iho 811nk 1I\.1~ .'ecol. Stich ollhe Ull~r.l"rllld 10 lhl! iI>lllItlllhal h. 11110 "Il~ lIyhl, 11110 or
lnlt:..slln My ollhll Collr.l<llill, Y.'.llv(lS ..lid 161i!aSlIS allr (1011110 Iflqllllll Ih~ Da(lk 10 Collacl aflV ulllle llllt.1ll11as Itom anv ollho Collalend under lIIlY Ihallry Ollllllf$hllllillQ ul
a~kls. .:I, olh.,n\lse. and ~p'-'cll,cJII;' l>"UUJli~cs Iho Bank 10 apply Ilny Dllhe CoIJaloral ~l willct'i hl: hi:> a tlUhl, lilIolI 0' Irllofe~1 a~ainl>1 all' ollha Uabillllas In any mlfflllfll IlIalll
mlli'ddllllplue
,luLl(il.l/ NI 11111 u".j,"",U""ol d..~,,: 1..."'1''1 ,1"UW""tl "n'-' ,,"l\lO....jU any all..~"..y >:It ;lny Cll"fl "I ll..c,w;lull'(/{1I1liylyam 01 elf,uwlw.lt W Ilppual tGl and "nlIil \ul1QI\W1N
"II..."~I Ih" IIl1d"'1oIv."..1 I," II'" 1.r.U,V IoIl'n W'lll '" wllh""t JIt'llIlalhm. wllh t:uUIl> 01 ~"il. InCludinu Icnllonublll lIu..'noy'li lees IInd 1110' In Llanklllpley PI(>tUodl.llllny, fI.IIII1.,
01 1I1I"rllo, wlllloul SllIl III "".('UIoOII. .,110.1 ... ,UI 1111<1..,,1 (15~"ll>lIwllnt. IIdd1l4 IQr l':ollllt:lil.n liJus: arid Ullde,slynod !ltllha. au,oQl Ihat h~al. pf:lsonat 01 "d"-ed PNp6lty ftl.Iy bit .old
111""1 .r'v w'll oj ,:t~/.'C.!II'Ul as 'It1\\' ~'I h'I~,nl>lIcr p"l,vidcd by law or Ihll PUllIls)"vanla AulDS ul Civil PIOlledll'o governlng Ihe allfOII:"IIII)/11 01 judgmanls: and Ihe Und$f51llflud
htll...by waiv~ls aud Ilj"';I~,.:> (\tllutl'" 'lUlU anV All(Illlt~OmOnl. 51Jy or o>lUlnpllUIl ~lWti tll illlY slllje now In Io,co 0I110r8al((;l( enlWllla. II . copy hlXlIOI, >/(f'iU...a by ellldllvlt, .11Od\
h.wl! tl,,])n Ilhhllr! slldll'"I"CI~~,/'UO. It shall !lU' be II(OCO~S.:trV I~ Iii.. Itl') "rluillRl /IU ,I Wllllll111 O. 111I/.JIIl\lly. Thl Und,"1gnlld lMnd olltll 01 Ulaln, "aIOto Ihan onS'.) halOby WOllvu
U'U "ullllo lIl1V ~I.'\, ", iI~..r!lI",(I a"d ll,~ b.lllOIII 01 nil O"<ln\(,I11ItlI:I\\'lJ 1m\\' III tlll'ulllllflClr In "'111('1 tin ~l"alo '_orel.. Clllh s W""1I1l11111d paW6110 """Iell. ludO'MIlI.II,lh t.ll
,1 . .....1 I,' ,'.l.:, ,'11:\, t.. .'., ,'.1.:: -. 1I,.t ""J !,ll.:ll'''' .,0; ~r':,1I I',' h.,I:ll)" ;,1,), (;O\l/llc, f\o:.; o:..':;I,d, ..i~M.bJo 01 v,;,;::I. b,,'I"', 1-'1:'",(1\/./111 cu,lmll" ur,dlfnjHi~~'''ClIlII~' ir,', r"
,.....1 : I, (",., ... .... e."" ~,I;,.l: 1'::,.1 ",,101 ~F f .-' :;,h I.", .,:\ h' d r,l, 11:,\... l..,,;.r, &><,;d In 1,.1
,'.' !"': ,II,', ,\. I;'", ..' I.., '~";"'" "'. 1.,11.: '"J,. '",,: .:...1 I.': I','., 'Iltr"r.:t I... /I ,'.Io'vr' !,lIlli" ',~IIII" ~'.'~',u Ir,,' Ull'.~ or ~"l l,lJlI~" ,,;,:,,1 1.1 ~:,) lllllEir
II I;,,: l" .:,'......:.:.:.,'.,. ," ",,'I~ \:,,," <:'~, l'''I~~'f\, h':!! ~,'~:. ~\;,,(I t,~ 1',.,,(11 ,,:'" ~~~Il\l\ll~ Ilt.lw t~''',1II(t;,\1 Tno lI1l;l,I'o''il1lfo;'\ ;ll\lilnQt ".,,~ \to bU a "'-"t.1...3 ",""i"rlli,;',\
....:, I" .';, ." ~') .\1: >lI~\ "r", ".1 t,,,relmd...1 ~II.,II o~ ~... ,'r..I'.' tl) 11,(; I~.\'~ ;;; PennsYlv""lb
..P'....:.., ',1:..:,: b0i-it,(,,';t:,:;,
'1,'
Ph;ll.:nix !m~l.l:>.i!"~.(:, !,.1!)C':
'''):~?~.~,:;:P11??~\ ;?<E?
ILirr,.. "",.'I'lt<, .
\Sl;AI)
\~.I ,'\ \
,.,,:
If,b.11
I,'IH "". I'll.'
[If/.if} In-iustrial ~liir~~, H~J~~~l~ p,O, ii:;x 'j56
A.dill"'.~
EXHIBI'f"'II~llIi 11.
1'0\ ) 7(U)
':;,:.
'1,,1,. 1.1'
-
"
";.
',-,
"
,
.-J,,.-.,
--,
t
17944
0.3,11.
COMMERCIAL LOAN NOTI'
LINE OF CREDIT
DAUPHIN DEPDSIT BANK AND TRUllT COMPANY
BANK OF PENNSYLVANIA . FARMERS BANK ,VAUEYBANI(
'<--.
"
(lIank of Psnnsvlvania. FarmBfs Bank and Vallsybank ~'B divisions of DlIuphin DBPQsir Blink and Trust Company)
$
Dal.Z/A5"! 9 'l
100.000.00
FOR VALUE RECEIVED. the undersigned. ....... Idutrlll II'. .
a Cco~PQration/par1nership/limited liability companyfjndividual) (the -Borrowe"). Join.1y .n" ..verollv (If more than on8).
promlS' 10 p.y to lb. ord.r of DAUPHIN DEPOSIT BANK AND TRUST COMPANY Ilb. 'B'nk'l 0, ;10 ...iQn.. lb. princip.1
amount of ONE HUNDRED THOUSAND" NO/tOO DOLLARS ., .
to be P4id as follows: .
Prlnclp'l II payable on d.man4-
Intoro,t I. p.yable monthlv. accrued to d.t. of Bank', noUn ttloreo', ~I", .u ~ocru,!d In4 "np.I" Int.,...
and un~ald tlllll and charges. duo with tho principal paymont.
Intor.st shall .CGrue at a rato por annum equal to tho Dauphin Doposit aank aa.. R,t. plu. 1.00000%
" In _Uoct 'rom tlmo to tlmo, Tho torm ''Dauphln Deposit 8ank Bas. Rlto."
whh~h I. not n.c....rily tho low.at ut. of Intor.1t chargod by tho aank, I, dotln." .. tho fIt. 0'
Int.r..t lor loans .stabllshod bV the aank 'rom tlmo to time .s Ita bas. ,.t., '
Int.rest shall be calculated on the bash. of the actual number of days elapsed and a year ot 380 day.. Bott- principal anct
interest ere payable in lawful money of the United States of America at on. LV office of elqk in immediately .....i1D~ft' lunds. If
any payment clue hereunder;1 received bV tlla Bank more than filleen (16) calendar day, .hsr it, due date. me fjorrower
shall pOly a late payment charge equal to five percent (6%) of the amount P1en dt.te or .10,00. whichever is grealer.
APPlICA TION OF PA YMENTS, All payments made hereunder shall be applied first to late payment charses or other
sums C)wed to the Bank. next to accrued interest. and then to principal. or ill such other order or proportion a$lh~ P~nk. in
ils sole and absolute discretion. may elect from time to lime.
SECURITY. The payment of this note and any renewals. extenlion. and modification, thereof. .nd the payment.
perlonnance and discharge of all other present or fUlure indebtedne,s. obligations and undenaking8 (individual. ioint.
IOveral. dirQlot. contlnoent. Of otholWi..) of th. Borro~.r to or lor the benefh of th4p aank, whether ,!rll.lng dlrtotJy to the
BAnk llOder this note or under any olher agreement. promls$ory note or unde"."I"OI novy 8.18tl,.9 or her.lnaf..r entered
by the Borrower to the Bank (collectivelv. lhe .Liabilities-) Ie secured by the property de;ecrlbeca in. and under .nd purevant
to tho terms and. condlll/)n. of that certain:
Coll.'enl .II &tit forth I" Seourlty. Agreelnent - Oen.,.1 dat.d 08/08/83,
ColI.hull II set forth In a Security Allr.ornont - Invontory and Accounta Rocelvl!lble dfl'od 08/06/8~
As additlol~al security for the Liabilities. Borrower granlS the Bank a Uen upon o~d Il .ecurity Inlere.t In any s.ourhlo..
h\,tnltnenta or olh.r personal property of SOHow.r now or hereafter In .Ban,," poa.olalon and In an. y dopoeit balanoe. nOW
or hereafler held by Bank for Borrower's account and in all proceed. of any such personal property or deposit billlancea.
Such liens and seculity interesls shall be independent of Bank's right 01 setoff.
S TA rE.MENT OF ACCOUNT. The Ban'" will furnish Ihe Borrower wilh a IIla'omen1 (.oj aceounl on a periodic bOliiu. Elich
and evefY stulomenl of account shall be 1lnal, conclusive and bindillS upon the Borrower in All UISp.C.' a. to Ihe
OIlISI,)ndino b.Jl~mc& 01 principal ..nd as to all loans. fees, inlerest, chArllefi. pllyments. receipts, balllnCElS, bnd all 91hElr
nl.:.lll.l'rS I efloclad Iherein unless the Borrower. vvithin ten (10) days oller the posting 1herDof in Ihe Unilu4 StalOti mail. GhAII
uive notico 10 the Balik in writing 01 any uLjeclioHfl which lhe Bonowef may havo 10 llnv such slUlt/lUullt OlllccClum: And
in sll<..:h ewnt. only Iho:;c ih:llns cKprc:;slv c,bjccl(ld to in such wriucn notice shall lJo considor(ld 10 he disputud lJy lh<t
llUlllJV.'OI .!l'U <.III olhel iUHllfi :;11<.111 be bllldul!J.
1't4rlHf.Nr OF COSTS, In ~dthl.t1H It> Ihot pllI,r..ip.11 illlJ Ull$flHit pllymonls IIpecihud illH..lVe, Ih", BI.oIfI.oWi#1 :.hwlllJav 10 II.",
Il~l\" M alW Othil1 hc.ldC'1 of Ihis 1\011.', IIP"lI d('llI.md. "II ,:o~t:; imll 1;')<pun:1(ls (Inc!uchnu llJiltiol\ablt': ..t1ulllOY'" 1.:Je,fs. Wlwllit.'1
III Ih'l hll'l.lhllll i:. ';Ollllllt'lIl.:i,d). will...." 1I1.1\' I... llWIHWd by Ill(' U"ll~. 01 t;lu:h hultJor"lII Iho c(lllt,dllin ('I .,n'oICIlU1onlolllw.
lIull' ~'.lIli {;u~;t:, :.h,11l1lldlh1~ 1~.I:'Vn,lbl" .1lI,mll'Y:;' IN,:> .lud (:1I~1:; III L.ulklUptcy plOcui:dillU:: illld .Illy CO:;I:: illld iI1l0llllrYIl'
ll'<l:' In,:llllcd j(.1 ,lilY .Icliull 01 plocmnhliH III WI.llLoll 10 Ih\! I,hlll llo.n:O,ICIIOIl, ll\cludlllO hut 1I0t 11I1I1\od to Ih€! joindur 01
B.lIIl, III illlY in.:li"lllwlV\.'cC!ll Ill,," BOIl~\'\''-'1 ,md il thud I'ally
EXHIBIT "B"
"~
....
~"-<,u
DEFAUL TS. the Borrower shall be in default hereunder upon the occurrence of lInv of th~ following eventa; (.~ thil
nonpayment w1en due of an. y amount payable on any of ahe lJabilities.. or the failu. ro. of _oy Obligor to obselVe. or p~rform.
any agr&eM&Il\ 01 any nature whatsoever wlth the Bonk (\he term .Cbligo,. ., use4 hefpin beina meant to 'nclu~. tho
Borrower and II persons liable on the notil or any renewals. extension.. or mo~ificaliofl ....er.of. such ., ,"do".rl.
sureties. or gua~antors); (b~ if any Obligor becomes insolvent or ma~es an I"ignmenl for Ih, benefil of oreditor.~ or if any
peudon is filed ~y or against any Obligor Under any provisions of any law or ~.lut. ,llelling thal$uctl Obligor I. inlolvttnl
or unable to pay debta as they mature; (c~ the entry of any ;udgment againlill q. ny Obligor .or she.. issuing 0' ~n.y IUlchm'.nl
Of ~arnish~entlaQaimit any.properly of any Obligol. or the ~ccurrenc. of ""V ctumge in ~, fi~ cor\dlUon ~ anv
Obligor which in the sole Judgment 0' the Bank IS mata..ally edverse; ~d) the dlsliloluUon, merger. cop.olid.Ilon or
reorganization f any Obligor. which is an entity such as a COIPorit.iOn.limited.pa. n... ne.rShi.p. p...~.."h.iP o.r.lim.'.'.IOd.liabiPlV
company; (o)lh doath of any Obligor who i. a nalural po"on; (I) any in'ormalion h.rolo'ore 01 h.r.inall.r !umi,h.d 10 "'0
Bank by any Ob igor in connection with the loan evidenced hereby or any suretyship or guaranw .hould be ma1eli.Uy ,.I&ej
and (g) tho fail re of any Obligor to furnish such 'inancial and other informalion.f the Bank {nay rea.onl:bfy ,.qu.... If
this Note is p yable on demand. Bank's right to demand payment hereof shall' not be re,trietad or impain~d by the
abse,:,ce of. nOf'\-occurrance 0' ,?r waiver of a default hereunder. and it is undel"$tood that Bank may demand p.ym~tnt at
any tlmB. '
ACCELERA~N AND ENFORCEMENT RIGHTS. Whenever the Borrower shall be in default as aforesaid. (1) unless the
Bank elects oth lWise. 'the entire unpaid amount 01 f;uch of 'he Uillbilitiea' al are not thet'! quO and payabt_ shah become
immediately du and payable without n. Otic.o. to or demand. on any ObliO. or.. o. nd. 121."'0. Bank rruav a~ hs option exereis, from
time 10 time a y or all righta and remedies available to it at law or in equity. The Borrower waiye" all rioht to staV of
execution or ga nishment and exemption of property in any ~ction to enforce anr of the f,.iabilitiel.
,
JUDGMENT.iThe Borrowef does hereby authorize and empower any attorney of .ny court 9f record of Pen!laylv1nh. or
elsewhere to ap~ear for and enter judgment againsl Borlower for tha above sum. wit~ or wi....out d.ol.ration. whh oost. of
suit. including ~sonable attorneys' fee8 and fees in bankruptcy proo..din~.. if .!lV. '..1.... 0' ,tfor,_ without t1a'( of
execution. and ith fifteen (169(1.) percent added for COllection. fees. Ilnd th'". Borrow. ." 'Urtl1e'f. '!lgr...,.. .lh. at ,,~I. p.. ....n..I...r
mixed property ay be sold or garni:;;hed upon any writ 0' execution or writ of garnls"'m.n, 01 !lOW or her..fter provided
bv law or the P nnsylvania Rules of Civil Procedure governing the enforeemon, of judgm.nt1i .n~ Borrower hereby w.ive.
and rele.:;;e:;; aU relial from any appraisemenl stay or exemption laws of any .t&t. now tf\ for~' or here"ftel enlle__cllf ~
copy hereof. v8~jfied by affidavit. shall have been filed in such proceeding. :it ah~dl not 1>. n~cessary to fil. the orlgima' al 4
warrant of altor~eY. The Borrower (and each of them. if more than one) htr.bv wajv., lh~ riGht to any liIt.y of .)(.cu1iofl
and the benefit of all exemption I~ws now or hereafter in effect. No single 'exerci.. of lflis warrant and power to oon'",
judgment shall . deemed 10 exhaust tl1is power. whether or not any luch '. ,x~rc. iae Qhall b, "elet by .ny c. ou,. t.o be jW'lvaljd.
voidable or void but this power shall continue undiminished and may be ex,rcised from time .0 tim'!' as ohen a. Book shall
elect until aU su! :;; due hereunder shall have been paid in M1.
WAIVERS. T~e Borrower hereby. waives presentment. notice of dishonor "nd proteat. rtle Borrower hereby waives anel
releases all err!,s. defects ~nd imperfec. uons of a procedur~1 nature in I. n. y. proG. "ediflg~. iOIl~t.. U.t'd by th, .B.ao" fler~unde. I.
IU well as all be efit that mlghl accrue to the Borrower by virtue of any pre.ent OJ f~tur. '''WI .x,mp,lng anv property. r,al
or personal. or nv part of the proceeds arising from any sale of such propef'v. fro", garnistunltnt. attachment. I.vy or .al,
under execulio~or providing fO. r any stay of execution. exemption from cMI ;pro. .ce... 0' extensio.." of time for p4)ym'. nl., Th.
Borrower aoree that any property. real or personal. thai may b. levied upon'pu,~u.n' to anv writ 0' exeeuiion or writ of
garni:;;hment iss ed on any judgment by virtue of this note, may be sold. in whole or in p~rt" in ~ny order 4,sjr~d by Ihe
Bank. I '
HOLDERS /.~DUE COURSE. Thi~ (lOle may be aseigned by the Ballk or &IW aubaequant "older of thif Qote ., anv Ii",. Or
froO\ time to Ii e. The Borrow.r hereby agreea Ihal no subsequent holder of this !lote to yvhom th, note waf trao.'errod
for value shall e subject to any claims or defenseo which th, Borrower m.v hav~ agalo'~ t prior holder. ~II of w"lch ar.
waived ao to IlU h subsequent hold.r. and that all such subsequent holda... shall have all of ttle rights of .. holder In c:4ue
course even tho gh tho subsequent holder may nol qualify. under applicabl(! law. ab:l!eql thi," paragraph. as a holder in due
course. I
MISCELLANEOUS. Any failure of the pank ~o exercise any right hereunder shfln "9t t:J. ~ofl''''Lled ~. .. waiv~r of tht!! ripht
to exercise the ~ame or any other right at any other time. If the Borrower co,.~i,*, of mon~ Ul4tn ~Otl' fer;;on. 'lt~h pe,.on.
shall be joinlly nd :severally Iiab.le hereonder. The Borrower inle. "dstllls to b'. ~. ~.ale.d. Ills1l"uOl'.nt .nC:t to. ~~...1'8.IIV.b9!Jnd
hereby, Tt'll. no 8 .hall inure to the benefit 0' Clnd be enforoeable by the B.,Il~ and It' ,uoo...or. anet a.tlgn. .ncl ~e
binding And en orceable ogaln.t the Borrower. II. legal reprelentotlv.s, IUCatlIlOr, afld peflTl1ttect asslgnt. AU il'fu"
arising hereund r shall be governed by the laws of Pennsvlvania without oiving effect to choice of law rulell.
Phoenlle 'pdllabl.1 Ino.
WITNESS OR AtrESr:
BORROWER:
z:i/-/ // ,t,: ~'
j"~ ~~~.__!.r' ~"'C -d~'-44"~-
1tn,e an~e-; ~
(5..1)
(5..11
Niime 'an,i'Thlo
,._._-'5Qal)
By:
-""t1i:iine'inifi'iUe----
(5..11
Nolille and Tille
jSeal)
By: ....~__.._.- ~_,___(So.l)
. N~lole-arnrtlile----"--
Nolme .:Ind lltle
_ (Seal)
BV' 'Niiri;a-ancrnlie---- ..___.__.____,____1S.al)
~~~Q !!J"~~~!!!~! ~~~~ !!~~!!,~~!~p.J:!!!L,"~~ ~?Q_1~___
Add/E:SS . ..
Cl1112
~1/~1 I,
,_l
"~
., ~.
,
"~ "__i
, - ~.
..""""";.,,.,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYL VANIA
CIVll.. DIVISION : LAW
ALLFIRST BANK, f/k1a
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
00 - l'R;l'37 D iJ j I
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
NOTICE OF ENTRY OF JUDGMENT
(X) NOTICE IS HEREBY GIVEN THAT A JUDGMENT IN THE ABOVE
CAPTIONED MATTER HAS BEEN ENTERED AGAINST YOU ON
SEPTEMBER 12, 2000 FOR $438,002.69.
Prothonotary of Cumberland County
Civil Division
By: IS! 6d' K. ~ /~L-
Uyou have any questions regarding this Notice, please contact the attorney for the
filing party being the Plaintiff, ALLFIRST BANK:
Jack F. Ream, Esquire
119 East Market Street
York, PA 17401
I.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for Plaintiff
Allfrrst Bank
(This Notice is given ill accordance with Pa. R.C.P. 236)
NOTICE SENT TO:
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
1
-
Niw'" ~ lliiJI;!B:'1
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DMSION: LAW
ALLFIRST BANK, flkJa
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
CJO '&;;37- CJ'o/lL.
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
CERTIFICATE OF SERVICE
NOTICE OF ENTRY OF JUDGMENT
I, Jack F. Ream, Esquire, attorney of record for the Plaintiff, ALLFIRST BANK,
f/k/a Dauphin Deposit Bank and Trnst Company, hereby certify that on the 12th day of
September, 2000, I caused a copy of the "Notice of Entry ofJudgment," which is attached
hereto, marked Exhibit "A" and incorporated herein by reference hereto, to be served
upon the following parties by United States Mail, regular mail and certified mail, return
receipt requested, postage prepaid by depositing the "Notice of Entry of Judgment" in the
United States Post Office in York, Pennsylvania addressed to the following party at the
following address:
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, PA 17055
Certified Mail #Z 427 268 670
DATED: Sept. 12, 2000
KAIN, BROWN & ROBERTS LLP
~ ~~.a
JaGk-F~SqUire
119 East Market Street
York, PA 17401
I.D.10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for Plaintiff
AIIfIrst Bank
~--
,
.,,~~J ;~ ,'J',':-~~-';" ',,,C',' - ,- .'"
. - '"'*,I~ - J
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DIVISION: LAW
ALLFlRST BANK, f/kJa
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
00 - (P;? -:51 c / V l-
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
NOTICE OF ENTRY OF JUDGMENT
(X) NOTICE IS HEREBY GIVEN THAT A JUDGMENT IN THE ABOVE
CAPTIONED MATTER HAS BEEN ENTERED AGAINST YOU ON
SEPTEMBER 12, 2000 FOR $438,002.69.
Prothonotary of Cnmberland County
Civil Division
By:
If you have any questions regarding this Notice, please contact the attorney for the
fIling party being the Plaintiff, ALLFIRST BANK:
Jack F. Ream, Esquire
119 East Market Street
York, PA 17401
I.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for Plaintiff
Allfirst Bank
(This Notice is given in accordance with Pa. R.C.P. 236)
NOTICE SENT TO:
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, PA 17055
EXHIBIT "A"
1
""
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYL VANIA
CIVll.. DIVISION: LAW
ALLFlRST BANK, flk/a
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
(j 0 ' u:/3 7
Clv,L
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
CERTIFICATE OF RESIDENCE
I, Jack F. Ream., Esquire, attorney of record for the Plaintiff, ALLFIRST BANK., in the above
captioned matter hereby certify the following:
1. Name and Address of Plaintiff .
ALLFIRST BANK.
3607 Derry Street,
Harrisburg, PA 17111
2. Name and Last Known Address of Defendant
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, PA 17055
DATED: September12,2000
KAIN, BROWN & ROBERTS LLP
~.~
119 East Market Street
York, PA 17401
I.D. 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for Plaintiff
Allfirst Bank
1
r,,"c. ,~,,-~' ,~
~"ill~tlJlll,.~"
1~",.' ~,~'
"""'''~IlIIUYl'''''-''''''''''lli'-\~l!i!lI!lii'i''......;,.~''';'
._" ~,,-,,,~,,,,.
PA." "..~..=,~,~"=e'"'' ~=."'_ O.~."._" ,.'.',- _~~: ",
.,.~- -"
""p,""" "," "',VC'",':,,-
",r. -,,~" .,. ~ MliIfII
-'-,"~
.<:",-",
--.
(')
!;::
L-:gl~:'
~e~
~;~~:'
15<'
~:2: c~:
~"_J
<;':
<>
-"i
--<
S::-I
'--.J
;:.")
::ri
.0
(-""";
:!:.'
\.)
()}
.::-:f
~,;;
',-'17,f' ';'0, <'"."r,..~ . ">',; J,,-~lJ,,',,_ _~_..-",_, ""<"~_" "y_
I
\
I
[I
Ii
Ii
[,
II
1'1
il
!
~' ,:::J[l)il--:~(,~r""
-ti!li~:tl".:'
.. ~ l'
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYL VANIA
CIVIL DIVISION: LAW
ALLFlRST BANK, Uk/a
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
06 - (O;;li37 CIVIL.
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
NOTICE OF JUDGMENT AND
EXECUTION REQUIRED
UNDER RULE 2958.1
TO: PHOENJIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
A Judgment in the amount of $438,002.69 has been entered against you as
Defendant on January 14, 2000, in favor ofthe Plaintiff, ALLFIRST BANK, fi'kla
DAUPHIN DEPOSIT BANK AND TRUST COMPANY, without any prior notice or
hearing based on a confession of judgment contained in a written agreements or other
papers allegedly signed by you. The Sheriff may take your money or other property to
pay the judgment at any time after thirty (30) days after the date on which this notice is
served upon you
You may have legal rights to defeat the judgment or to prevent your money or
property from being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM
THE JUDGMENT AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS
AFTER THE DATE ON WHICH THIS NOTICE IS SERVED ON YOU OR YOU
MAY LOSE YOUR RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF
YOU DO NOT HA VB A LAWYER OR CANNOT AFFORD ONE, GO TO OR
TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU
CAN GET LEGAL HELP.
LAWYER REFERRAL SERVICE
CUMBERLAND COUNTY BAR ASSOCIATION
2 LIBERTY AVENUE
CARLISLE, P A. 17013
PHONE 1-717-249-3166
1
" 1
~.
~ '_ .' ,_,_~,,'", ,'",,-, ""c,','
&.Li":'
JACKF. REAM, ESQUIRE
KAIN, BROWN & ROBERTS LLP
119 EAST MARKET STREET
YORK, PA 17401
I.D. #10241
PHONE 1-717-843-8968
FAX 1-717-856-6676
ATTORNEY FOR PLAINTIFF
ALLFIRST BANK, fi'k/a DAUPHIN
DEPOSIT BANK AND TRUST
COMPANY
2
J
-'.
._>.c,'
_-"'J~_' ~""~j~.ilJ~-.
. .
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CJVll, DMSION: LAW
ALLFIRST BANK, flkla
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
OO-{,;l 37 C JV J L
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
PETITION TO STRIKE JUDGMENT
REQUEST FOR PROMPT HEAmNG
I, hereby certify that I did not voluntarily, intelligently and knowingly give up my
right to notice and hearing prior to the entry of judgment. I petition the court to strike the
judgment on this ground and request a prompt hearing on this issue.
I verify that the statements made in this Request for a Hearing are true and
correct. I understand that false statements herein are made subject to the penalties of 18
Pa. C.S. 4904 relating to unsworn falsification to authorities.
Notice of the hearing should be given to me at:
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
,2000
PHOENIX INDUSTRIAL, INC.
Dated:
By:
3
,
,1 J -'~~I("'j,ljj_~IiiliIDlII~~~""'""
L,ec,
'" ~J '0,."
~ ~
~.- '=-<,""
.~ -~ -
. ~~
\:1
i
'I
.'1
I'
II
I'
II
I
!
. -
;;J C:')
C...:
fr: ",:'J ,!
'1 1
a ! ! I
" ,I
0:; , I'
--.:- r,..' ~::1 ~ .!
r~ C' , ,I
",-- C)
_S:- t') I'
~[~; -.,.. -;.t i-I
~_L. !
! ::-'5 i:
C C) '" Ii
2:
-< ''0 S;!
-< '--J ':.0
-<
. .~~. ....~
0<. ~ ",> ."__.
,,~~"-<-'"- ,<, p, - ~~'",,"-~~"
-
~-
-~ ~l"""',,~",,'
SHERIFF'S RETURN - REGULAR
CASE NO: 2000-06237 P
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CUMBERLAND
ALLFIRST BANK ET AL
VS
PHOENIX INDUSTRIAL INC
J. MICHAEL ICKES
, Sheriff or Deputy Sheriff of
Cumberland County,Pennsylvania, who being duly sworn according to law,
says, the within CONFESSION OF JUDGEMENT
was served upon
PHEONIX INDUSTRIAL INC
the
DEFENDANT
, at 0011:00 HOURS, on the 13th day of September, 2000
at ATTN: DANIEL BEIGH, III
950 WOODLAND ST STE B
MECHANICSBURG, PA 17055
by handing to
DANIEL BEIGH, III
a true and attested copy of CONFESSION OF JUDGEMENT
together with
COMPLAINT & NOTICE
and at the same time directing His attention to the contents thereof.
Sheriff's Costs:
Docketing
Service
Affidavit
Surcharge
18.00
8.68
.00
10.00
.00
36.68
S~~~~~~t
R. Thomas Kline
Sworn and Subscribed to before
09/14/2000
KAIN, BROWN & ROBERTS
By: 1 IJrd~/ JA
f/ Deputy Snerlff
me this ~/Af day of
~./ J,h7t7> A.D.
C)JML- 0 Judd,,, ~
'Prothonotary ,
~
, . ,,' 0"';_ . ,_"; "w ~_ "/_
'^ iJ
... .
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DIVISION: LAW
ALLFlRST BANK, f/kfa
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
No. 00-6237 Civil
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INe.
Defendant
REVISED
NOTICE OF JUDGMENT AND
EXECUTION REQUIRED
UNDER RULE 2958.1
TO: PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
A Judgment in the amount of$438,002.69 has been entered against you as
Defendant on September 12, 2000, in favor of the Plaintiff, ALLFIRST BANK, f/k/a
DAUPHIN DEPOSIT BANK AND TRUST COMPANY, without any prior notice or
hearing based on a confession of judgment contained in a written agreements or other
papers allegedly signed by you. The Sheriff may take your money or other property to
pay the judgment at any time after thirty (30) days after the date on which this notice is
served upon you.
You may have legal rights to defeat the judgment or to prevent your money or
property from being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM
THE JUDGMENT AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS
AFTER THE DATE ON WHICH THIS NOTICE IS SERVED ON YOU OR YOU
MAY LOSE YOUR RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF
YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR
TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU
CAN GET LEGAL HELP.
1
'0'
- ~ " ',. < '; .' k . -, _ ..
,,,-:
LAWYER REFERRAL SERVICE
CUMBERLAND COUNTY BAR ASSOCIATION
2 LIBERTY AVENUE
CARLISLE, P A. 17013
PHONE 1-717-249-3166
JACK F. REAM, ESQillRE
KAIN, BROWN & ROBERTS LLP
119 EAST MARKET STREET
YORK, PA 17401
I.D. #10241
PHONE 1-717-843.8968
FAX 1-717-856-6676
ATTORNEY FOR PLAINTIFF
ALLFIRST BANK, flkIa DAUPHIN
DEPOSIT BANK AND TRUST
COMPANY
2
,
;~,; " l, ,~,'., ';"""""'" _, '~., "n_' _c
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DIVISION: LAW
ALLFlRST BANK, flkla
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
No. 00-6237 Civil
Plaintiff
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, 1Ne.
Defeudant
PETITION TO STRIKE JUDGMENT
REQUEST FOR PROMPT HEARING
I, hereby certify that I did not voluntarily, intelligently and knowingly give up my
right to notice and hearing prior to the entry of judgment. I petition the court to strike the
judgment on this ground and request a prompt hearing on this issue.
I verify that the statements made in this Request for a Hearing are true and
correct. I understand that false statements herein are made subject to the penalties of 18
Pa. C.S. 4904 relating to unswom falsification to authorities.
Notice of the hearing should be given to me at:
PHOENIX INDUSTRIAL, INC.
950 Woodland Street - Suite B
Mechanicsburg, P A 17055
Dated:
,2000
PHOENIX INDUSTRIAL, 1Ne.
By:
3
~_.~'"'~ ""-it~il'iid~~'~'~~"
~'_.,~'" J:j
-
,~~ ~~ ,,~.- ~'"
~, ~. .- ,-. ".,." ~
,,,,.~. _.., ""_'.. "",-,< ,',,-C"""._ _,,' _'._'.'" ' ~ . - __,,"
Mil
~-
~,'",'" "'),, ^',,",',, , '
I
Ii
':1
II
II
Ii
il
Ii
'i
II
,
'I
,
1
I
I
I
I
I'
0 CO 1....1
C co .,
~ tn
'""Oct:) ('T1 -r.
rr1 rr'. --0 r
Z:'"'Q ,,1""'-1
N 'y
ZC;, ~"':~
03"7 ~t~
~a -p ~.~:n
Z'I :>:: ~o
:;;2 ca om
-'-l
Z ::::> J'"
:Q
~ J;:" '<
__"__"', ",~,' -"_~,:,, ,,~~ ~"<._ .,-~~ ' ,. ,.__~__,~, <<',~.-'f,f
- ~
- "~~ ~.~,~~
-".-
'-"~
~ .~~ ~~ _,~"~"...."!itl,,,,,,*'i
SHERIFF'S RETURN - REGULAR
CASE NO: 2000-06237 P
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CUMBERLAND
ALLFIRST BANK ET AL
VS
PHOENIX INDUSTRIAL INC
CPL. MICHAEL BARRICK
, Sheriff or Deputy Sheriff of
Cumberland County, Pennsylvania, who being duly sworn according to law,
says, the within REVISED NOTICE OF
was served upon
PHEONIX INDUSTRIAL INC
the
DEFENDANT
, at 0014:10 HOURS, on the 27th day of September, 2000
at
950 WOODLAND ST STE B
MECHANICSBURG, PA 17055
by handing to
AMY BARE (OFFICE MANAGER)
a true and attested copy of REVISED NOTICE OF
together with
JUDGEMENT & EXECUTION REQUIRED
and at the same time directing Her attention to the contents thereof.
Sheriff's Costs:
Docketing
Service
Affidavit
Surcharge
18.00
8.68
.00
10.00
.00
36.68
So ;;~~~
R. Thomas Kline
me this o~
day of
09/28/2000
KAIN, BROWN & ROBERTS ~
By: ~~ ()
1f1 Deputy ~t . f "'"
Sworn and Subscribed to before
(p~ eJ..mJ'O A.D.
~t2 ~,./
P othonotary
~ "_,U
"----~~
" '.'1'd
%86
9<'99 9178 <.t<.
~t:~t eee~-~e-1JO
..
llN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLV AN1A
CIVILDMSlON:LAW
ALLFIRST BANK, f1kIa
DAUPHIN DEPOSIT BANK AND NO 00-6237
TRUST COMPANY,
Plaintiff Entered: September 12, 2000
VS. CONFESSION OF JUDGMENf
FOR MONETARY AMOUNT
PHOENIX INIDUSTRIAL, INC. :
Defendant
ORDER OF COURT
AND, NOW, TO WIT, this ~-f~ clay ofOctober, 2000, IT IS HEREBY
ORDERED AND DECREED:
1. The SmULATION AMENDING JUDGMENT ENTERED
BY CONFESSXON ("Stipulation") is hereby approved and adopted as an Order of this Court as
if more fully and completely set forth in this Order.
2. The amo~t of the Judgment entered in the above captioned
matter on September 12, 2000 is hereby reduced effective as of September 12, 2000 to:
Principal
Interest to 9/12/2000
Legal Fees
Total
S 267,198.17
S 13,673.73
$ 42.130.78
S 323,002.68
3. The Prothonotary's Office of Cumberland Court is hereby
directed to mark the docket in the above captioned matter to reflect the new amount of
the judgment.
BY THE COURT J
~dlQ ~o4 .
ge/~0'd 9<'99 9178 ~t"
I
Sld3aOd ~ NMOda 'NI~x
<.~:~1 00e~-~0-1JO
r,
""~t.]" .~~~"
~, -~ "-
,
1 ',. .
-'"" ~-~= -~"",~-y.'~'.,-'"
~.". " ~'-~, - '.",.-, .- -~
F1LEf)-Ol=HCE
OF i\- :~-:' ,'. ~;lOl)\RY
~'1 01'- ,c
VU ....1-0
0;-'; 3: t 3
Cl.:1 ." " .v., ",.."1
l\lBt::.hij~.:\jL' LA....\JI"'1 i i
PENNSYL\i~\NtL\
- .<". <~. - , ~~ - -
- ~,<. - '~.'I-~'<- '."" ."
rWl....".,....,..~~<=Jl!II!En.~"'~~tl.~,~ _'i!!_~~M'\"i$I~;;OO>"~'~''''''~''!W-,\,~~~,JjljlP!!ii~-~~"~l!I!l~~, ~~" .'_' ,,_.,
~;"
.. 17~'d
%86
9,,99 9178 "."
17.:2. 000Z-20-1JO
c.. '" ~
1IN THE COuaT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL DMSION: LAW
ALLFIRST BANK, flkla
DAUPHIN DEPOSIT BANK AND
TRUST COMPANY,
No. 00-6237
PlalDtiff
Entered: September 12, 2000
Vs.
CONFESSION OF JUDGMENT
FOR MONETARY AMOUNT
PHOENIX INDUSTRIAL, INC.
Defendant
STIPULATION AMENDING
JUDGMENT ENTERED BY CONFESSION
This STIPULATION ~ING JUDGMENT ENTERED BY CONFESSION
("StIpulation") made this ~ day of October, 2000, by and between:
1.00 PARTmS
1.01 ALLFlRST BANK. a state banking institution organized and existing
under the laws of the State ofMlIIYland, registered to do business in the Commonwealth
of Pennsylvania, formerly known as DAUPHIN DEPOSIT BANK AND TRUST
COMPANY, with one of its principal places of business at 3607 Derry Street, City of
Harrisburg, Dauphin County, Commonwealth of Pennsylvania 17111, and hereinafter
sometimes referred to as "Plaintiff' and/or "Bank. This Stipulation is executed by the
attorney for Allfirst Bank, Jack F. Ream, Esquire, who represents to the Court and to the
other party to this Stipulation that:
1.01.1 He is the attorney of record for Bank;
1.01.2 He has the authority on behalf of Bank to enter into this Stipulation
and to bind Bank to this Stipulation; and
1.01.3 He has the authority onbeba1fofBank to cause a Court Order to
be entered, which will bind Bank.
1.02 PHOENIX INDUSTRIAL, INC., a corporatio/l organized and existing
under the laws of the Commonwealth ofPenn~ylvania, with its principal place of
business at 950 Woodland Street, Suite B, Mechanicsburg, ClUt1beriand County,
Commonwealtb of Pennsylvania 17055, and h~reinafter sometiri1es referred to as
"Defendant". 11his Stipulation is executed by t~e attorney forPb,oenix Industrial, Inc.,
Robert E. Cher:l1icoff, Esquire, who represents'to the Court and to the other party to this
Stipulation that:
90/v0'd 9,,99 9178 "."
Sl~380~ ~ NMO~8 'NJ~~
,,[:[~ 000c-[0-1JO
~ ~ -
-~
~ " ~ . ~ j>l.i:ilo,.~'
S0'd
%66
9<'99 9178 <.,<.
17,:~, 000c-~0-1JO
;:'... ,.
~ .
1.02.1 He is the attorney of record for Defendant;
1.02.2 He has the authority on behalf of Defendant to enter into this
Stipulation and to bind Bank to this Stipulation; and
1.02.3 He has the authority on behalf of Defendant to cause a Court Order
to be entered, which will bind Defendant.
2.00 BACKGROUND
On or about September 12, 2000, Bank confessed judgment to the above
captioned matter in favor of Bank, as Plaintiff, and against Phoenix, as Defendant, for
$428,002.69.
3.00 STIPULATION
3.01 Robert E. Chernicoff, Esquire, of the Law Finn of Cunningham &
Chemicoff, P.C., 2320 North Second Street, City of Harrisburg, Dauphin County,
Pennsylvania, hereby enters his appearance as the attorney of record for Defendant in the
above captioned matter.
3.02 The amount of the judgment entered on September 12, 2000 to the above
captioned number and tenn is hereby amended as follows:
3.02.1
3.02.2
3.02.3
3.02.4
Principal
Interest to 9/12/2000
Legal Fees
Total
$ 267,198.17
$ 13,673.73
$ 42.130.78
$ 323,002.68
3.03 Defendant waives any and all rights with regards to the entrance of the
Judgment on September 12, 2000 for the incorrect amount.
3.04 Notwithstanding Paragraph 3.03 hereof, and except as provided for in
Paragraph 3.03 hereof, Defendant does not waive any rights to file any Petition to Open
and/or Strike the Judgment for any reason.
3.05 Nothing herein constitutes any admission by Defendant that Defendant is
obligated for any of the line items set forth in Paragraph 3.02 hereof or for the total set
forth in Paragraph 3.02 hereof.
GF'~Sq~
Kain, Brown & RobertS LLP
119 East Marleet Street
Yotk,PA 17401
2
90/,,0'd
9<'99 9178 <.,<.
<
Sld3aOd 2 NMOda 'NI~~
8~:~1 000Z-~0-1JO
no ~.
.
1,- '"J ~
'"
~-,~:
.
< , . ~~'d
9,\3 . d ll:UOl
%86
9,,99 9v8 "'"
v,:~, 000c-~0-1JO
I.D. # 10241
Phone 1-717-843-8968
Fax 1-717-846-6676
Attorney for Plaintiff-AllfIrst Bank:
4
Robert E. Chemico
Cunningnam & C ernicoff,
2320 North Second Street
Harrisburg, P A 17110
Attorney for Defendant
Phoenix Industrial, Inc.
ID. # '2.:3 '3 ro
Phone 1-717-238-6570
Fax 1-717-238-4708
j
90/90'd 9,,99 9v8 "'"
,
Slcl3aOd ~ N~~da 'NI~~
8~:~, 000c-~0-1JO
~ ,,;,' (~
". " "
MJiJ!iIjii~Dli~tif;~"t,*~ -,'
g,-..ra<'-,~j,illuki<iiAA!!...'i~w~,{,~'Llli!: t' ~w,"~~ ,. .~ ~ J 1 >
"-~~-~-~,<~- ~, ~~-
,_., .'"" '~'" . ". "'''-,,'-,',''"'~,~ -- ,"-~.-,~~.""<'-"-'"".,,",~~-~,-,,,,
~ "
i&U
'[ :
It, '. -i
!
I!
I'
I'
I'
,
I!
i:
;i
\i
!'
I
I
I!
,
I'
.
-
"
!,
'I,
$9, ()O
pdb~ Ka.i~.c BrowJ
q RobeR ts eLf
C.h,f4; Lf/.;24
re.c. tF
'_'~"', ~""" c_".' .7, ." "" _ .~~"" '
,,>,_,_,~ -;,,_''''_-''''_'''-'~'''~ ,," ,~ ,~"_",,,JT,-"_:,.-,
__ ;,;N__" '-"ili!~^_""H_""<_._,,,_",
""'",--,,,",,, ",_~",'>-"'::i,-,jfV~""j'~;?~-f""h!'_"'__"'_'-",,,,,, _",'"... ,- ,-"',,'~' ,lL-M"_N;f",_~"'!5:1---'l('""-""",,~,,, ".'f _ .,.-H-; '~'_-'~,~"~"J"'-"'M,b-i""._,e,_,-<,,~,, '.',~'8r--" "_'" ->"",_I,~_",,, "",,
-.
RECEIPT FOR PAYMENT
-_.-----------------
-------------------
Cumberland COIJnty Prothonotary's Office
Carlisle, Pa 17013
Receipt Date 10/13/2000
Heceipt Time
Heceipt No"
1.3,1.5,4.1.
t023r:J8
ALl~IHST BANK ET AL IVSI PHOENIX INDUSTRIAL INC
Case Number 2000-06237
F~ec(.?:i. vf?d of
HKS PD BY KRIN BHOWN & ROBERTS
Total Ct1eck.". +
Tob,d Cash.."" +
Change. . " " . " ." --
Receipt totaL -'
9.0iZl
" 00
.._"._,._~_if1__...
9.1210
Check No"
t.j.6i.::~li'
Transaction D~~cription
Distribution Of Payment
Payment Rmount
,rom
9" lf11L!
CU,",BE!~U1ND CD GENERRL FUND
9E (~IZl
.
"0
, - ~~="
......~-, ~
~, ;,
SHERIFF'S RETURN - REGULAR
CASE NO: 2000-06237 P
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CUMBERLAND
ALLFIRST BANK ET AL
VS
PHOENIX INDUSTRIAL INC
RICHARD SMITH
, Sheriff or Deputy Sheriff of
Cumberland County,pennsylvania, who being duly sworn according to law,
says, the within SUBPOENA
was served upon
BEIGH H DANIEL III
the
DEFENDANT
, at 0015:08 HOURS, on the 31st day of October ,2000
at 950 WOODLAND ST
STE B
MECHANICSBURG, PA 17055
by handing to
H. DANIEL BEIGH, III, (PRES)
a true and attested copy of SUBPOENA
together with
and at the same time directing His attention to the contents thereof.
Sheriff's Costs:
Docketing
Service
Affidavit
Surcharge
18.00
8.68
.00
10.00
.00
36.68
S?~~,~~
R. Thomas Kline
11/01/2000
!CAIN, BROWN
, LLP
Sworn and Subscribed to before By:
me this ftt::"
day of
71.1'1."" IJ.." . .24Jv7J A. D .
9r'pr&ho~t~; r~