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1101- 7636 eN;11
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Date:-~ I, '2--(~;{') J
$60,000.00
JUDGMENT NOTE /\'i
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G. RONALD KRAJACK, D.M.D and CARETH E. KRAJACK, husband and wife, jointly and ~
individually known as "Obligor", promises to pay to STEPHEN G. KREBS, M.D. and JANE R.
KREBS; husband-and wife, as "Obligee", their heirs and/or assigns, SIXTY THOUSAND AND
00/100 Dollars ($60,000.00) with interest at 6.5% per annum, in SIXTY (60) equal montWy
payments in the aillount of FOUR ffiJNDRED FORTY-SEVEN AND 34/100 Dollars ($447.34)
due the first day of the month beginning ~den1bw- 21l1fand ending 1>Jc>~Mkr 2roi"
without defalcation value received. In the event that Obligors are more than fifteen (15) days late
on any montWy payment, then the entire balance of the principal of this Note and the accrued
interest thereon shall become immediately payable, without notice, demand, presentment, or
protest, all of which are expressly waived by Obligors. Obligors shall have the right to prepay all
or any part of the principal amount of this Note at any time or from time to time without premium
or penalty, provided that Obligors pay at the same time all interest accrued thereon to the date of
payment. In addition, Obligors do hereby authorize and empower the Prothonotary or any
Attorney of any Court of Record of pennsylvania or elsewhere to appear for and enter judgment
against them for the above sum, with or without declaration, with costs of suit, release of errors,
without stay of execution, and with 15 percent added for collection fees; and Obligors hereby
agree not to make any motion or any application whatsoever to any Court for an inquisition on
any real estate that may be levied upon to collect the aforesaid sum, and Obligors voluntarily
condenm same, and authorizes the Prothonotary to enter said voluntary condemnation upon the
Writ of Execution. Obligors further agree that any property, real personal or mixed may be sold
through a Writ of Execution and further hereby waives and releases all relief from any and all
appraisements, stay or exemption of any State now in force or which are passed hereafter. NO
SINGLE EXERCISE OF THE FOREGOING POWER TO CONFESS JUDGMENT SHALL BE
DEEMED TO EXHAUST THE POWER WHETHER OR NOT ANY SUCH EXERCISE
SHALL BE HELD BY ANY COURT TO BE VALID, VOIDABLE, OR VOID, BUT THE
POWER SHALL CONTINUE UNDIMINISHED AND IT MAY BE EXERCISED FROM
TIME TO TIME AS OFTEN AS THE HOLDER HEREOF SHALL ELECT, UNTIL SUCH
TIME AS THE HOLDER HEREOF SHALL HAVE RECEIVED PAYMENT IN FULL OF
ALL AMOUNTS OWING HEREUNDER, TOGETHER WITH COSTS.
WAIVER
IN EXECUTING THIS NOTE, WE UNDERSTAND THE TRANSACTION,
AND KNOWINGLY AND VOLUNTARILY WAIVE OUR RIGHT TO CONTEST THE
ENTRY OF THIS JUDGMENT AGAINST US IN COURT AND DO HEREBY CONSENT TO
THE ENTRY OF THE JUDGMENT BY CONFESSION. WE, HEREBY CERTIFY THAT WE
HAVE EARNINGS OF $10,000.00 OR MORE PER YEAR.
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Witness our hands and seals the day and year first above written.
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