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HomeMy WebLinkAbout03-5262O&P PARTNERSHIP DAVID J. RAUDABAUGH and JOYCE A. RAUDABAUGH, husband and wife IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NO. 03 -.~2/.,),~C1VIL TERM JUDGMENT NOTE $22,500.00 Date: October 3, 2003 For value received, We, David J. Raudabaugh and Joyce A. Raudabaugh, husband and wife, promise to pay to the order of O&P Partnership, the sum of $22,500.00, without offset, as follows: no interest for the first six (6) months from the date hereof or until the first half of the duplex is sold, whichever shall occur first: after six (6) months from the date hereof or upon settlement of the first half of the duplex, whichever shall occur first, interest shall begin at seven (7%) percent per annum per month: should the first half of the duplex sell within the first six (6) months $11,250.00 shall be due at the time of settlement: within one (1) year from the date hereof or upon settlement of the second half of the duplex, whichever shall occur first, the remainin~ principal balance shall be due and owing. THIS NOTE IS LIMITED TO THIS PURCHASE OF LOT 23 AND LOT 24, LARCH DRIVE ONLY. And further, We, David J, Raudabaugh and Joyce A. Raudabaugh, husband and wife, do hereby waive and dispense with the benefit of any law of the State of Pennsylvania exempting any real or personal property from levy and sale on execution. And further do empower the Prothonotary or any Attorney of any Court of Record of Pennsylvania to appear for them and confess judgment against me (us) in favor of O&P Partnership for the above sum, with costs of suit and release of all errors and without stay of execution. And further, We, David J. Raudabaugh and Joyce A. Raudabaugh, husband and wife, do agree that should a writ of execution be issued on a judgment entered on this note, that all its real estate may be sold on the same without inquisition and condemnation being held or any other writ from court for that purpose; and We, David J, Raudabaugh and Joyce A. Raudabaugh, husband and wife, do agree in case of default of payment at maturity to pay an additional fifteen percent (15%) for attorney fees in the collection of this note. (SE d ) ~avid J. ~aa~da~augh A. Raudabangh ~/ O&P PARTNERSHIP V. DAVID J. RAUDABAUGH and JOYCE A. RAUDABAUGH IN THE COURT OF COMMON PLEAS OF CUMBERLANT) COUNTY, PENNSYLVANIA No. 03-5262 CD/IL JUDGMENT NOTE PRAECIPE FOR ENTRY OF SATISFACTION TO THE PROTHONOTARY OF CUMBERLAND COUNTY: Pursuant to the attached Satisfaction Piece, please mark the judgment in the above captioned case satisfied and issue a certificate reflecting the same. MARTSON DEAI~DORFF WILLIAMS & OTTO By ~!-C~ Carl C. Risch, ]Esquire I.D. Number 7:;901 Ten East High Street Carlisle, PA 17013-3093 (717) 243-3341. Attomeysfor Debtors Date: May-LQ , 2004