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HomeMy WebLinkAbout03-2201JUDGMENT PROMISSORY NOTE $42,000.00 /1~,..~~~( ~-'~' ,1998 / On demand after date, but in accordance with the terms set forth herein, the ./ undersigned, Gregory N. Apgar and Lori Ann Apgar, his wife, of 717 Riverview Drive~ Etters, Penn~s~lvania, promise to pay to the order of.Donald Notts a,;cl Cato', ,M~i'~- of 1~ "5 Mountain I;~in Summerdale, Pennsylvania, the sum of FORTY TWO THOUSAND DOLLARS,. ($42,000.00), without offset, for value received, together with interest at ~,We~-~ rate of mght (8%) percent per annum. -rot~,~ The condition of this Note is that the undersigned shall make~p~aefft~his ' obligation, both principal and interest, in monthly installments~oPEl~GHT HUNDRED AND FIFTY ONE DOLLARS AND SIXTY ONE CENTS ($851~ commencin8 five months after the undersigned settle on the purchase of-Bocrr~'~Restaurant. If the sale transaction for that Restaurant is not concluded, the undersigned shall have no further obligation to make payment on this Note. All payments made shall be applied first to interest then due and any balance shall be applied to principal. AND FURTHER, the undersigned do hereby authorize and empower any attorney of any court of record of Pennsylvania or elsewhere to appear for the undersigned and to enter judgment against the undersigned in favor of any holder of this note for the above sum, together with interest then due, and together with costs of suit, release of errors, and together with an attorney's commission of five percent, and without stay of execution of any kind; and the undersigned hereby waives and releases any and all benefit and relief from any and all appraisement, stay or exemption laws of any state now in force or hereinafter to be passed. ADDRESS: 717 Riverview Drive Etters, Pennsylvania Greg~-ry N. Apgar ~ Lori Ann Apgar .. orn y ~m~ls~lon Expires July 28, 2~1 ~b~r,~ennsylvania Association of Notaries by