HomeMy WebLinkAbout03-1856 ~~'J~'~natd/~- McKeehan
219 Moofedate Road
· ~on_ 2 0~L~- Cattis~e,PaAT013
wa~'~a der o~ cu~BER~ND
-.. ~un~ pennS~ · to ~Y to t~ or ~.~-k~n ~ount~,
..... . F~ngttn ' .__~ nroml~ _ ~ Shtp~nsburg, r,,~ o~ th~s Note
ShiP~nsu"''' _-,.,ch the unde~;~nt R~R R~L,.nia t~at any h~?~'.~;;, a~ve
.... ~l~ REG~iv ~. ~t~N, at ~uu .-. __t~h of penn~,[-,~ ~m the ~ate
r~o~R~Tl~~ ~o~ .... in ~e GOn~,' ~ ~nt~t~ ~ h~ver, tuo '"~V ~_~ hu
~LLEI Gu~ ~' - any other PlU~,'~gn 000.~, ~u, ,,]_ a~e; Provl~L _'"~. t
-'- --.,..-diG, u, .... - ,~sum u~ ~--, __.~ ~ eve- - _ __.~ on
penns~X~, in ~ti~, u,~ _~ ~n agr~m~,'~._ ~uatlY a~Vu-~- ~ -~. ~ its
ma~ ~tg~m,~;~ to te~s u, ~ ~on a~o~nt~ '-' ...- =- ~nle or in pan p,~u. ....
"-~, ~td, ~o1~. _. ~eu ~ore u,-,: ........ , o~ this Note ~. ....
nal~ , ds ~or ~ll~ion- or ~tt~ by a suit or through a
ium or ~ · e s ha~ or ;~r matUfi~h~e ~ail ~ ~d m ~e
. ,,~ut pram -~ ~- an A~om ~ ..... ~fore . _.~ mcu~ by the holder
due ~a~'~N~e is ~'j.~ ~r~ing, ?~i[~'~ ~ and other
n u,,- . e~~r~uu~ e 'sf~°tl~r°' ' "-
holder o~ s of t~is '~-~r~rs of tn . __~ ~nree to a~
in enfOming t~ m~ ~tgners a~ ~.~ oti~ of p~oteSt a-~ --- _.hnt thev ~uld have an
The Maker , . ll~tiun and ~ e Hotder. de~' .... . .
. . dBigen~n ~J ~ ordiudt~ m t~.~ ~i~ and ~n .... niion ~th the I~n pnor to
of dtshon~ m~un~, ~th~:~Z. that may ~'T_,~r d~umentS ~. ~
~fore o~,,~'. ~tan~ ~m-=~ ~ and any
a~ey exami~ t.o ~
.... a~9ferr~ to ~ur~ by this
. . ~nn~ion ~}~]~ln~;~y atSY or prothonota~ of any
.......... ~,, ~ifi~ tn .... ~t authu,,~, = .... ,Jnde~gn~: that the I~n
ex~'~e unde~gn~ ~%~fe~ion of ~a~J~f~ iudg~ent ~=;~e undemign~ (~jugal
. ~e~[ Not~ ~~n~Or el~~'r'l~n; ~at th~ i~ orally explain~ and fully
Jud~ _, .~in pen .... _ .... n is not a ~. .~n ~ ~ or mom,~ .,4n~ining a ~nfe~ion of
~;~d Note ~~ ~e N~e)is.'J,~;~on ~f a ~man~ ~ h~fing, the Hght to have
to[ ~ ~th s~U~ ~2~ that t~ ex~_~ a ~re~udg~ent n~[~' the Creditor, and the right
i~:~ bY the un~e~;r of the fi~ht t~;; ~o~attv~ and that the ~ndemign~
Witn~~ Seal~
Witn~.
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~.,~ks~,~e~ , ~. ~. · ~ ~ S: __~oe~{~e ~- _.
a~ "-~~ ~;~e, o, S~ s~,,es''°''' -
_. 90~~-- ~_~ 6e~ ..~S~~ ~ ..
Plea~ _. noO& a~ ,,., ~oO~O' ~t~G~
-' ,, ,~e,"' S~~
PURCHA ~e s~ax~"-' ~
5 ~ee~ G°~u°~ ~
condition th,
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2. PURCHASER shall execute a Judgment Note in an agreed upon
amount with interest at 18% per annum payable on the /~' ~ day of
~)~m ~- , 200~ _, a copy of which is attached hereto as
Exhibit "A". From time to time, upon the purchase of additional agronomy needs by
PURCHASER from SELLER, PURCHASER will execute additional Judgment Notes
increasing the principal amount.
interest at
Notwithstanding the terms of the Judgment Note, SELLER will accept
~'/~' % per annum, hereinafter "discounted rate", on the unpaid
balance of PURCHASER's account with SELLER so long as the account is paid in
full, with accrued interest by the __~' ~ day of {~-'~0~,'~ , 200. ~ _.
4. In the event that PURCHASER does not make payment in full as
aforesaid, the interest on the account shall revert to 18% as of the date of this
Agreement, and SELLER may file the Judgment Note to which reference was made
in Paragraph I above, in the office of the Prothonotary for the Court of Common
Pleas of Cumberland County, Pennsylvania, or in any County in which PURCHASER
owns property. Notwithstanding the principal amount noted on the Judgment Note,
SELLER shall not collect amounts in excess of the actual credit extended to
PURCHASER with interest thereon.
5. The discounted rate is extended to PURCHASER on the express
condition that payment of the account in full be made by the .. ~/S"~-~1- day of
~)g. cevn[Oe,.- _, 200~.
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6. Commencing the date of this Agreement and continuing for one year
thereafter, PURCHASER will buy from SELLER such fertilizer, weed control or pest
control products which he shall require from SELLER.
7. In order to ensure payment of the obligations as set out herein,
PURCHASER shall obtain a crop insurance policy from an insurance company
acceptable to SELLER in an amount of at least $ ~'¢)/0~,0-0 and shall
name SELLER as an additional loss payee as its interest may appear and shall
provide to SELLER a copy of the declaration page and receipt for payment of the
premium within ten days of the date of this Agreement.
8. Beginning on the first of each month following the date of this
Agreement, and continuing on the first of each month thereafter until payment in full
pursuant to the terms of this Agreement, PURCHASER will pay to SELLER
installment payments of $ oq,,~0, (30 per month which shall be applied by SELLER
first to interest at the discounted rate and then to any principal due and owing on
PURCHASER's account with SELLER.
9. This Agreement is made at SELLER's principal place of business in
Franklin County, Pennsylvania.
10. This Agreement shall be for a term of one (1) year and shall not renew
absent a separate written Agreement of the parties.
11. PURCHASER shall not provide to any other person an interest in any
crop planted pdor to the payment date set out herein without the written consent of
SELLER. Further, SELLER shall offer PURCHASER the option of entering into a
forward contract, according to the terms of which he shall sell to SELLER at an
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IN WITNESS WHEREOF, the parties hereto have set their hands and seal the
day and date first above written.
Witness:
Attest:
Treasurer
PURCHASER
CUMBERLAND VALLEY
COOPERATIVE ASSOCIATION
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In the Court of Common Pleas of
Cmnberland County, Pennsylvania
To
Prothonotary
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for Plaintiff