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Martha E. Von Rosenstiel, P.C.
Martha E. Von Rosenstiel
16 South Lansdowne Avenue
P.O. Box 457
Lansdowne, PA 19050
610 623-2660
Attorney I.D.# 52634
GMAC MORTGAGE CORPORATION
500 ENTERPRISE ROAD
HORSHAM, PA 19044
Attorney for Plaintiff
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY
NO.
ARCEE CLEMENS, Executrix of
the Estate of RUDOLPH S.
CLEMENS, JR., Deceased
754 MEADOW DRIVE
CAMP HILL, PA 17011
CIVIL ACTION - MORTGAGE FORECLOSURE
THIS IS AN ATTEMPT TO COLELCT A DEBT ANY INFORMATION OBTAINED
WILL BE USED FOR THAT PURPOSE
You have been sued in court. If you wish to defend against
the claims set forth in the following pages, you must take action
within twenty (20) days after this complaint and notice are
served, by entering a written appearance personally or by attorney
and filing in writing with the court your defenses or objections
to the claims set forth against you. You are warned that if you
fail to do so the case may proceed without you and a judgment may
be entered against you by the court without further notice for any
money claimed in the complaint or for any other claim or relief
requested by the plaintiff. You may lose money or property or
other rights important to you.
YOU SHOULD TARE 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.
CUMBERLAND COUNTY BAR ASSOCIATION
2 LIBERTY AVENUE
CARLISLE, PA 17013
717 249-3166 OR 800 990-9108
Martha E. Von Rosenstiel, P.C.
Martha E. Von Rosenstiel
16 South Lansdowne Avenue
P.O. Box 457
Lansdowne, PA 19050
610 623-2660
Attorney I.D.# 52634
GMAC MORTGAGE CORPORATION
500 ENTERPRISE ROAD
HORSHAM, PA 19044
V.
ARCEE CLEMENS, Executrix of
the Estate of RUDOLPH S.
CLEMENS, JR., Deceased
754 MEADOW DRIVE
CAMP HILL, PA 17011
Attorney for Plaintiff
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY
NO.
CIVIL ACTION - MORTGAGE
1. Plaintiff is GMAC Mortgage Corporation, formerly known as
GMAC Mortgage Corporation of PA., successor by merger with GMAC
Mortgage Corporation of Iowa, a corporation organized and existing
under the laws of the Commonwealth of Pennsylvania with corporate
offices at 500 Enterprise Road, Horsham, PA 19044.
2. Defendant, Arcee Clemens, Executrix of the Estate of
Rudolph S. Clemens, Jr, deceased, is the mortgagor and real owner
of premises 754 Meadow Drive, Camp Hill, PA 17011, hereinafter
described, whose last known address is the same as above.
3. Plaintiff brings this action in mortgage foreclosure
against defendant, mortgagor and real owner, to foreclose a
certain indenture of mortgage made, executed and delivered by
Rudolph S. Clemens, Jr. to GMAC Mortgage Corporation, on August
24, 1998 which mortgage is recorded in the office for the
Recording of Deeds of Cumberland County in Mortgage Book 1478 page
976, secured on premises 754 Meadow Drive, Camp Hill, PA 17011, a
true and correct description of which is attached hereto as
Exhibit I.
4. Plaintiff alleges each and every term, condition and
covenant in the aforesaid mortgage, and hereby incorporates them
herein by reference thereto.
5. On November 12, 1998 Rudolph S. Clemens, Jr. departed
this life testate. The Will did appoint and nominate Arcee Clemens
as Executrix of the Estate of Rudolph S. Clemens, Jr.
6. The aforesaid mortgage is in default in that the
defendant, mortgagor and real owner has failed to make payment of
the monthly installments of principal and interest in accordance
with the terms of the mortgage, for the month of March, 1999 and
each month thereafter, up to and including the present time.
7. Under the terms of the aforesaid mortgage, upon default
of payments set forth in the mortgage documents, the entire
principal balance and all interest due thereon are collectible
forthwith.
8. The following is an itemized statement of the amount due
plaintiff under the terms of the aforesaid mortgage:
Principal
Interest from 02/01/99
to 09/30/99 at $17.86 p/d
Accrued late charges from
08/24/98 to 09/15/99
Escrow balance (taxes
and insurance) from 03/01/99
to 09/01/99
Monthly Inspections from
03/01/99 to 09/01/99 at $15.00
per month
Reasonable Attorney's fee
Title information certificate
Photostats and postage
$ 93,120.08
$ 4,322.12
$ 238.49
$ (557.12)
$ 120.00
$ 4,600.00
$ 325.00
$ 35.00
f
G'
G'
Notarizations $ 10.00
Total $102,213.57
9. Plaintiff sent to defendant, mortgagor and real owner a
Notice and Warning of Intention to Foreclose and Notices of
Homeowners' Emergency Mortgage Assistance Act of 1983 advising her
of her rights under the statute (copies attached as Exhibit II).
To date defendant has neither made payment nor indicated that she
has taken any steps to avail himself of the financial assistance
made available through this legislation within the time
established by this statute.
10. Plaintiff releases Rudolph S. Clemens, Jr., deceased,
his heirs representatives and devisees from personal liability for
the debt secured by this mortgage.
11. Pursuant to the Fair Debt Collection Practices Act,
15 U.S.C. 1692 et seq. (1977), defendant may dispute the validity
of the debt or any portion thereof. If defendant does so in
writing within thirty (30) days of receipt of this pleading,
counsel for Plaintiff will obtain and provide defendant with
written verification thereof; otherwise, the debt will be assumed
to be valid. Likewise, if requested within thirty (30) days of
receipt of this pleading, counsel for Plaintiff will send
defendant the name and address of the original creditor if
different from above.
WHEREFORE, plaintiff demands judgment for $102,213.57, plus
per diem interest at $17.86 from 09/30/99 to the date of judgment
plus monthly late charges of $34.07 from 09/15/99 to the date of
judgment plus monthly inspections of $15.00 from 09/01/99 to the
date of judgment and escrow advances of $140.97 per month from
09/01/99 to the date of judgment, foreclosure and sale
mortgaged premises plus costs thereo
rtha E. Von Rosenstie
ttorney for Plaintiff'
the
VERIFICATION
I verify that the statements made in the foregoing Complaint
are true and correct.
o
I understand that false statements herein are made au t
penalties of IS Pa.C.S. Section 4904 relating to unsworn
falsification to authorities. A
Von Rosenst
DATED: October 4, 1999
ALL THOSE TWO (2) CERTAIN parcels of land and premises, situate, lying and being in the
Township of East Pennsboro in the County of CUMBERLAND and Commonwealth of
Pennsylvania, more partially described as follows:
PARCEL NO. 1: BEGINNING at a point on the south side of a fifty (50) foot road known as
Meadow Drive, said point being south 67 degrees 20 minutes west eight hundred forty-nine and six
one-hundredths (849.06) feet from the west side of a township road known as Erford Road, as
shown in the plan of lots known as West Creek Hills, recorded in the Recorder's Office in and for
Cumberland County in Plan Book 8, Page 4, said point also being south 67 degrees 20 minutes two
hundred ten (210) feet from the western line of Lot No. 6 as shown in said plan of lots; thence
along line of other land now or formerly of Clyde 0. Smyser and Esther Smyser, his wife, south 22
degrees 40 minutes east one hundred seventy (170) feet to an iron pin; thence south 67 degrees 20
minutes west eighty (80) feet to an iron pin; thence along other land now or formerly of Clyde 0
Smyser and Esther Smyser, his wife, north 22 degrees 40 minutes west one hundred seventy (170)
feet to an iron pin on the south side of Meadow Drive; thence along the south side of Meadow
Drive north 67 degrees 20 minutes east eighty (80) feet to a point, the place of BEGINNING.
BEING improved with a one-story dwelling house with attached carport known and numbered as
754 Meadow Drive.
PARCEL NO. 2: ALL that certain triangular piece of ground situate on the south side of Meadow
Drive in the Township of East Pennsboro, County of Cumberland and State of Pennsylvania,
bounded and described as follows, to wit:
BEGINNING at a point on the south side of Meadow Drive at the corner of other property now or
formerly of Harris J. Baysore and Ruth M. Basore, his wife (Parcel No. 1 above); thence along the
south 22 degrees 40 minutes east, one hundred seventy (170) feet to an iron pin; thence along the
line of other land now or formerly of Clyde 0. Smyser and Esther Smyser, his wife, north 19
degrees 18 minutes west, one hundred seventy and twenty-nine hundredths (170.29) feet to a point
on the south side of Middle Drive, the place of BEGINNING.
Tax Parcel d09-18-1304-082
tl?
EXHIBIT _.-i
NOTICE OF INTENTION TO FORECLOSE AND ACCELERATE LOAN BALANCE
DATE: May 24, 1999
CERTIFIED MAIL NO. Z 472887252
TO: RUDOLPH S CLEMENS J
754 MEADOW DRIVE
CAMP HILL PA 17011
RE: MORTGAGE LOAN NUMBER: 497415802
MORTGAGED PREMISES: 754 MEADOW DRIVE
CAMP HILL, PA 17011
This company is the holder of the FIRST MORTGAGE (AND NOTE) on the above
promises, or is the mortgage service agent for such holder. (Hereinafter
referred to as we, us or ours).
As of the date of this notice, THE MORTGAGE IS IN SERIOUS DEFAULT because
you have not made the March 1, 1999 and subsequent monthly payments as
listed, and/or for other reasons as indicated below:*
3 payments @ $992.91 $2,978.73
Accrued late charges ..............................$102.24
NSF Check Foos...... .. ........................$0.00
All other fees accrued to date ......................$0.00
* Less available suspense credits ....................$0.00
The total amount now required to cure this default, or in
other words, got caught up in your payments as of the date
of this letter is ....................................$3,080.97
You may cure this default within THIRTY (30) DAYS of the date of this
letter, by paying to us the above amount, plus any additional monthly
payments and late charges which may fall due during this period. Such
payment must be made either by cash, cashier's check, certified check or
money order, and made at, or sent to: 3451 Hammond Avenue, P.O. Box 780,
Waterloo, IA 50704-0780.
If you do not cure the default within THIRTY (30) DAYS, we intend to
exercise our right to accelerate the mortgage payments. This means that
whatever is owing on the original amount borrowed will be considered due
immediately and you may lose the chance to pay off the original mortgage
in monthly installments. If full payment of the amount of default is not
made within THIRTY (30) DAYS, we also intend to instruct our attorneys to
start a lawsuit to foreclose your mortgaged property. If the mortgage is
foreclosed your mortgaged property will be sold by the Sheriff to pay
EX N I r IT 2'. DMS5-BRCHPAC (Page 1 of 2)
May 24, 1999
Page 2
497415802
off the debt. If we refer your case to our attorneys, but you cure the
default before they begin legal proceedings against you, you will still
have to pay the reasonable attorney's fees, actually incurred, up to
$50.00.
However, if legal proceedings
pay the reasonable attorney s
attorney's fees will be added
include our reasonable costs.
day period, you will not be r
are started against you, you will have to
fees even if they are over $50.00. Any
to whatever you owe us, which may also
If you cure the default within the thirty
equired to pay attorney's fees.
Remember you are also responsible for keeping all real estate taxes
current.
We may also sue you personally for the unpaid balance and all other sums
due under the mortgage. If you have not cured the default within the
thirty day period and foreclosure proceedings have begun, you still have
the right to cure the default and prevent the sale at any time up to one
hour before the Sheriff's foreclosure sale. You may do so by paying the
total amount of the unpaid monthly payments plus any late or other
charges then due, as well as the reasonable attorney's fees and costs
connected with the foreclosure sale (and perform any other requirements
under the mortgage). It is estimated that the earliest date that such a
Sheriff's sale could be held would be approximately one-hundred and fifty
(150) days from the date of this letter. A notice of the date of the
Sheriff's sale will be sent to you before the sale. Of course, the
amount needed to cure the default will increase the longer you wait. You
may find out at any time exactly what the required payment will be by
calling us at the following number: 1-800-850-4622. The payment must be
in cash, cashier's check, certified check or money order and made payable
to us at the address previously stated.
You should realize that a Sheriff's sale will end your ownership of the
mortgaged property and your right to remain in it. If you continue to
live in the property after the Sheriff's sale, a lawsuit could be started
to evict you.
NOTICE - This is an attempt to collect a debt and any information
obtained will be used for that purpose.
You have additional rights to help protect your interest in the property.
YOU HAVE THE RIGHT TO SELL THE PROPERTY TO OBTAIN MONEY TO PAY OFF THE
MORTGAGE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY
OFF THIS DEBT. YOU MAY HAVE THE RIGHT TO SELL OR TRANSFER THE PROPERTY
SUBJECT TO THE MORTGAGE TO A BUYER OR TRANSFEREE WHO WILL ASSUME THE
MORTGAGE DEBT, PROVIDED THAT ALL OUTSTANDING PAYMENTS, CHARGES AND
ATTORNEY'S FEES AND COSTS ARE PAID PRIOR TO OR AT THE SALE, (AND THAT THE
OTHER REQUIREMENTS UNDER THE MORTGAGE ARE SATISFIED). CONTACT US TO
DETERMINE UNDER WHAT CIRCUMSTANCES THE RIGHT MAY EXIST. YOU HAVE THE
RIGHT TO HAVE THIS DEFAULT CURED BY ANY THIRD PARTY ACTING ON YOUR
BEHALF.
If you cure the default, the mortgage will be restored to the same
position as if no default had occurred. However, you are not entitled to
this right to cure your default more than three times in any calendar
year.
DMSS-BRCHPAC (Page 2 of 2)
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SHERIFF'S RETURN - NOT FOUND
CASE NO: 1999-06191 P
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CUMBERLAND
GMAC MORTGAGE CORPORATION
VS.
CLEMENS ARCEE ET AL
R. Thomas Kline , Sheriff, who being duly sworn according
to law, says, that he made a diligent search and inquiry for the within
named defendant, to wit: CLEMENS ACREE EXECUTRIX OF
THE ESTATE OF RUDOLPH CLEMES
but was unable to locate Her in his bailiwick. He therefore returns
the COMPLAINT - MORT FORE
NOTICE
NOT FOUND as to the within named defendant
CLEMENS ACREE EXECUTRIX OF THE ESTATE OF RUDOLPH CLEMES
DEFT. MOVED AND LEFT NO FORWARDING ADDRESS. HOUSE
IS VACANT.
Sheriff's Costs: So answers:
Docketing 18.00
Service 9.30
Not found return 5.00 .?"
Surcharge 8.00 R A K. Piama'H'Kl'ine, b
$?U 1A THA E. VON ROSENSTIEL
Sworn and subscribed to before /meff/
this j,,t day of
19? A.D.
- CL,
Martha E. Von Rosenstiel, P.C
Martha E. Von Rosenstiel
16 South Lansdowne Avenue
P.O. Box 457
Lansdowne, PA 19050
610 623-2660
Attorney I.D.# 52634
GMAC MORTGAGE CORPORATION
500 ENTERPRISE ROAD
HORSHAM, PA 19044
V.
ARCEE CLEMENS, Executrix of
the Estate of RUDOLPH S.
CLEMENS, JR., Deceased
754 MEADOW DRIVE
CAMP HILL, PA 17011
Attorney for Plaintiff
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY
NO. W`? I & ;LL
CIVIL ACTION - MORTGAGE FORECLOSURE
THIS IS AN ATTEMPT TO COLELCT A DEBT ANY INFORMATION OBTAINED
WILL BE USED FOR THAT PURPOSE
You have been sued in court. If you wish to defend against
the claims set forth in the following pages, you must take action
within twenty (20) days after this complaint and notice are
served, by entering a written appearance personally or by attorney
and filing in writing with the court your defenses or objections
to the claims set forth against you. You are warned that if you
fail to do so the case may proceed without you and a judgment may
be entered against you by the court without further notice for any
money claimed in the complaint or for any other claim or relief
requested by the plaintiff. You may lose money or property or
other rights important to you.
YOU SHOULD TARE 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.
CUMBERLAND COUNTY BAR ASSOCIATION
2 LIBERTY AVENUE
CARLISLE, PA 17013
717 249-3166 OR 800 990-9108
TRUE DOPY FROM RECORD
In Testtnrigwtwg0l, I Ime onto sA"MW
-Ind t 01 d at "dish, Pe.
I ? 9 C'?
Martha E. Von Rosenstiel, P.C.
Martha E. Von Rosenstiel
16 South Lansdowne Avenue
P.O. Box 457
Lansdowne, PA 19050
610 623-2660
Attorney I.D.# 52634
GMAC MORTGAGE CORPORATION
500 ENTERPRISE ROAD
HORSHAM, PA 19044
V.
ARCEE CLEMENS, Executrix of
the Estate of RUDOLPH S.
CLEMENS, JR., Deceased
754 MEADOW DRIVE
CAMP HILL, PA 17011
Attorney for Plaintiff
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY
NO.
CIVIL ACTION - MORTGAGE FORECLOSURE
1. Plaintiff is GMAC Mortgage Corporation, formerly known as
GMAC Mortgage Corporation of PA., successor by merger with GMAC
Mortgage Corporation of Iowa, a corporation organized and existing
under the laws of the Commonwealth of Pennsylvania with corporate
offices at 500 Enterprise Road, Horsham, PA 19044.
3. Defendant, Arcee Clemens, Executrix of the Estate of
Rudolph S. Clemens, Jr, deceased, is the mortgagor and real owner
of premises 754 Meadow Drive, Camp Hill, PA 17011, hereinafter
described, whose last known address is the same as above.
3. Plaintiff brings this action in mortgage foreclosure
against defendant, mortgagor and real owner, to foreclose a
certain indenture of mortgage made, executed and delivered by
Rudolph S. Clemens, Jr. to GMAC Mortgage Corporation, on August
24, 1998 which mortgage is recorded in the Office for the
Recording of Deeds of Cumberland County in Mortgage Book 1478 page
976, secured on premises 754 Meadow Drive, Camp Hill, PA 17011, a
true and correct description of which is attached hereto as
Exhibit I.
4. Plaintiff alleges each and every term, condition and
covenant in the aforesaid mortgage, and hereby incorporates them
herein by reference thereto.
5. on November 12, 1998 Rudolph S. Clemens, Jr. departed
this life testate. The will did appoint and nominate Arcee Clemens
as Executrix of the Estate of Rudolph S. Clemens, Jr.
6. The aforesaid mortgage is in default in that the
defendant, mortgagor and real owner has failed to make payment of
the monthly installments of principal and interest in accordance
with the terms of the mortgage, for the month of March, 1999 and
each month thereafter, up to and including the present time.
7. Under the terms of the aforesaid mortgage, upon default
of payments set forth in the mortgage documents, the entire
principal balance and all interest due thereon are collectible
forthwith.
8. The following is an itemized statement of the amount due
plaintiff under the terms of the aforesaid mortgage:
Principal
Interest from 02/01/99
to 09/30/99 at $17.86 p/d
Accrued late charges from
08/24/98 to 09/15/99
Escrow balance (taxes
and insurance) from 03/01/99
to 09/01/99
Monthly Inspections from
03/01/99 to 09/01/99 at $15.00
per month
Reasonable Attorney's fee
Title information certificate
Photostats and postage
$ 93,120.08
$ 4,322.12
$ 238.49
$ (557.12)
z-s
$ 120.00
$ 4,600.00
$ 325.00
$ 35.00
Notarizations
Total
$ 10.00
$102,213.57
9. Plaintiff sent to defendant, mortgagor and real owner a
Notice and Warning of Intention to Foreclose and Notices of
Homeowners' Emergency Mortgage Assistance Act of 1983 advising her
of her rights under the statute (copies attached as Exhibit II).
To date defendant has neither made payment nor indicated that she
has taken any steps to avail himself of the financial assistance
made available through this legislation within the time
established by this statute.
10. Plaintiff releases Rudolph S. Clemens, Jr., deceased,
his heirs representatives and devisees from personal liability for
the debt secured by this mortgage.
11. Pursuant to the Fair Debt Collection Practices Act,
15 U.S.C. 1692 et seq. (1977), defendant may dispute the validity
of the debt or any portion thereof. If defendant does so in
writing within thirty (30) days of receipt of this pleading,
counsel for Plaintiff will obtain and provide defendant with
written verification thereof; otherwise, the debt will be assumed
to be valid. Likewise, if requested within thirty (30) days of
receipt of this pleading, counsel for Plaintiff will send
defendant the name and address of the original creditor if
different from above.
WHEREFORE, plaintiff demands judgment for $102,213.57, plus
per diem interest at $17.86 from 09/30/99 to the date of judgment
plus monthly late charges of $34.07 from 09/15/99 to the date of
judgment plus monthly inspections of $15.00 from 09/01/99 to the
date of judgment and escrow advances of $140.97 per month from
09/01/99 to the date of judgment, foreclosure and sale o the
mortgaged premises plus costs there
VERIFICATION
I verify that the statements made in the foregoing Complaint
are true and correct.
I understand that false statements herein are made su ject to
penalties of 18 Pa.C.S. Section 4904 relating to unsworn
falsification to authorities.
Martha . Von Rosenstie , Esquire
DATED: October 4, 1999
t
DESCRIPTION
ALL THOSE TWO (2) CERTAIN parcels of land and premises, situate, lying and being in the
Township of East Pennsboro in the County of CUMBERLAND and Commonwealth of
Pennsylvania, more partially described as follows:
PARCEL NO. 1: BEGINNING at a point on the south side of a fifty (50) foot road known as
Meadow Drive, said point being south 67 degrees 20 minutes west eight hundred forty-nine and six
one-hundredths (849.06) feet from the west side of a township road known as Erford Road, as
shown in the plan of lots known as West Creek Hills, recorded in the Recorder's Office in and for
Cumberland County in Plan Book 8, Page 4, said point also being south 67 degrees 20 minutes two
hundred ten (210) feet from the western line of Lot No. 6 as shown in said plan of lots; thence
along line of other land now or formerly of Clyde 0. Smyser and Esther Smyser, his wife, south 22
degrees 40 minutes east one hundred seventy (170) feet to an iron pin; thence south 67 degrees 20
minutes west eighty (80) feet to an iron pin; thence along other land now or formerly of Clyde 0
Smyser and Esther Smyser, his wife, north 22 degrees 40 minutes west one hundred seventy (170)
feet to an iron pin on the south side of Meadow Drive; thence along the south side of Meadow
Drive north 67 degrees 20 minutes east eighty (80) feet to a point, the place of BEGINNING.
BEING improved with a one-story dwelling house with attached carport known and numbered as
754 Meadow Drive.
PARCEL NO. 2: ALL that certain triangular piece of ground situate on the south side of Meadow
Drive in the Township of East Pennsboro, County of Cumberland and State of Pennsylvania,
bounded and described as follows, to wit:
BEGINNING at a point on the south side of Meadow Drive at the corner of other property now or
formerly of Harris J. Baysore and Ruth M. Basore, his wife (Parcel No. 1 above); thence along the
south 22 degrees 40 minutes east, one hundred seventy (170) feet to an iron pin; thence along the
line of other land now or formerly of Clyde 0. Smyser and Esther Smyser, his wife, north 19
degrees 18 minutes west, one hundred seventy and twenty-nine hundredths (170.29) feet to a point
on the south side of Middle Drive, the place of BEGINNING.
Tax Parcel #09.18-1304-082
EXHIBIT
NOTICE OF INTENTION TO FORECLOSE AND ACCELERATE LOAN BALANCE
DATE: May 24, 1999
CERTIFIED MAIL NO. Z 472887252
TO: RUDOLPH S CLEMENS J
754 MEADOW DRIVE
CAMP HILL PA 17011
RE: MORTGAGE LOAN NUMBER: 497415802
MORTGAGED PREMISES: 754 MEADOW DRIVE
CAMP HILL, PA 17011
This company is the holder of the FIRST MORTGAGE (AND NOTE) on the above
promises, or is the mortgage service agent for such holder. (Hereinafter
referred to as we, us or ours).
As of the date of this notice, THE MORTGAGE IS IN SERIOUS DEFAULT because
you have not made the March 1, 1999 and subsequent monthly payments as
listed, and/or for other reasons as indicated below:*
3 payments @ $992.91 $2,978.73
Accrued late charges ..............................$102.24
NSF Check Fees ......................................$0.00
All other fees accrued to date ......................$0.00
* Less available suspense credits ....................$0.00
The total amount now required to cure this default, or in
other words, get caught up in your payments as of the date
of this letter is ....................................$3,080.97
You may cure this default within THIRTY (30) DAYS of the date of this
letter, by paying to us the above amount, plus any additional monthly
payments and late charges which may fall due during this period. Such
payment must be made either by cash, cashier's check, certified check or
money order, and made at, or sent to: 3451 Hammond Avenue, P.O. Box 780,
Waterloo, IA 50704-0780.
If you do not cure the default within THIRTY (30) DAYS, we intend to
exercise our right to accelerate the mortgage payments. This means that
whatever is owing on the original amount borrowed will be considered due
immediately and you may lose the chance to pay off the original mortgage
in monthly installments. If full payment of the amount of default is not
made within THIRTY (30) DAYS, we also intend to instruct our attorneys to
start a lawsuit to foreclose your mortgaged property. If the mortgage is
foreclosed your mortgaged property will be sold by the Sheriff to pay
EXHi"1T 1'V
DMSS-BRCHPAC (Page 1 of 2)
May 24, 1999
Page 2
497415802
off the debt. If we refer your case to our
default before they begin legal proceedings
have to pay the reasonable attorney's fees,
$50.00.
However, if legal proceedings
pay the reasonable attorney s
attorney's fees will be added
include our reasonable costs.
day period, you will not be r
attorneys, but you cure the
against you, you will still
actually incurred, up to
are started against you, you will have to
fees even if they are over $50.00. Any
to whatever you owe us, which may also
If you cure the default within the thirty
squired to pay attorney's fees.
Remember you are also responsible for keeping all real estate taxes
current.
We may also sue you personally for the unpaid balance and all other sums
due under the mortgage. If you have not cured the default within the
thirty day period and foreclosure proceedings have begun, you still have
the right to cure tha default and prevent the sale at any time up to one
hour before the Sheriff's foreclosure sale. You may do so by paying the
total amount of the unpaid monthly payments plus any late or other
charges then due, as well as the reasonable attorney's fees and costs
connected with the foreclosure sale (and perform any other requirements
under the mortgage). It is estimated that the earliest date that such a
Sheriff's sale could be held would be approximately one-hundred and fifty
(150) days from the date of this letter. A notice of the date of the
Sheriff's sale will be sent to you before the sale. Of course, the
amount needed to cure the default will increase the longer you wait. You
may find out at any time exactly what the required payment will be by
calling us at the following number: 1-800-850-4622. The payment must be
in cash, cashier's check, certified check or money order and made payable
to us at the address previously stated.
You should realize that a Sheriff's sale will end your ownership of the
mortgaged property and your right to remain in it. If you continue to
live in the property after the Sheriff's sale, a lawsuit could be started
to evict you.
NOTICE - This is an attempt to collect a debt and any information
obtained will be used for that purpose.
You have additional rights to help protect your interest in the property.
YOU HAVE THE RIGHT TO SELL THE PROPERTY TO OBTAIN MONEY TO PAY OFF THE
MORTGAGE DEBT, OR TO BORROW MONEY FROM ANOTHER LENDING INSTITUTION TO PAY
OFF THIS DEBT. YOU MAY HAVE THE RIGHT TO SELL OR TRANSFER THE PROPERTY
SUBJECT TO THE MORTGAGE TO A BUYER OR TRANSFEREE WHO WILL ASSUME THE
MORTGAGE DEBT, PROVIDED THAT ALL OUTSTANDING PAYMENTS, CHARGES AND
ATTORNEY'S FEES AND COSTS ARE PAID PRIOR TO OR AT THE SALE, (AND THAT THE
OTHER REQUIREMENTS UNDER THE MORTGAGE ARE SATISFIED). CONTACT US TO
DETERMINE UNDER WHAT CIRCUMSTANCES THE RIGHT MAY EXIST. YOU HAVE THE
RIGHT TO HAVE THIS DEFAULT CURED BY ANY THIRD PARTY ACTING ON YOUR
BEHALF.
If you cure the default, the mortgage will be restored to the same
position as if no default had occurred. However, you are not entitled to
this right to cure your default more than three times in any calendar
year.
DMS5-BRCHPAC (Page 2 of 2)
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