HomeMy WebLinkAbout08-4347~ c },rr ~ 7' ~r•K.
X12,000.00 ~ , 2008
PROMISSORY NOTE
FOR VALUE RECEIVED and intending to be legally bound, SCOTT A. HOLTRY and
KADIE HOLTRY, his wife, their heirs and assigns, (hereinafter "Obligor"), promise to
pay to C S SYSTEMS, INC., its successors and assigns (hereinafter "Obligee"), the
sum of Twelve Thousand and no/100 Dollars ($12,000.00), lawful money of the United
States of America, payable upon the sale of the premises located at 858 West Louther
Street, Carlisle, PA 17013, with no interest.
Obligor may prepay in whole or in part any portion of the principal or interest due
hereunder without penalty at any time.
All payments to be made hereunder will be made to C S Systems, Inc., P. O. Box 1067.
Carlisle, PA 17013.
Obligor further does hereby authorize and empower any attorney of any court of record
of Pennsylvania or elsewhere to appear for it and to enter judgment against it for the
then outstanding balance of this Note, with or without declaration. Upon default in the
payment of this note upon the sale of the aforesaid premises, the Obligee shall be
entitled to add to the principal balance hereof interest at the rate of 7% per annum from
the date of this note until the date of payment, together with costs of suit and attorney's
fees of at least 10% of the principal balance due, and with full release of errors.
Judgment hereunder may be confessed on executed or photostatic copies of this Note
as many times and in as many jurisdictions as is necessary to secure satisfaction of any
unpaid balance or balances, and the judgment or judgments confessed shalt be without
stay of execution. Obligor specifically waives and releases any and all relief from any
and all appraisement, stay or exemption laws of any state whether currently in force or
hereinafter to be passed.
WITNESS the due execution hereof this ~~`day of u , 2008.
.~~~
(SEAL)
SCOTT A. HOLTRY "Obligor"
~!~~ (SEAL)
DIE HOLTR
Address: 858 West Louther Street
Carlisle, PA 17013
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DISCLOSURE STATEMENT
The undersigned, SCOTT A. HOLTRY and KADIE HOLTRY, his wife, having read this
document in its entirety, and fully understanding it, hereby state, admit, acknowledge,
and certify the following:
1. They have, this day, signed a Judgment Promissory Note in which they promise
to pay to C S SYSTEMS, INC. the sum of $12,000.00.
2. The said judgment note gives the entity who holds or owns the note the right to
file and enter judgment against us without any prior notice and without any right of
formal pleading, notice, or hearing before the entry of said judgment.
3. Such a judgment entered against us will automatically create a lien on all real
estate owned by us, or either of us, whether now owned or acquired later.
4. Such a judgment entered against us will entitle the entity who owns or holds
such a judgment to issue execution against our property which can result in the Sheriff
physically attaching or taking possession of said property and selling it at a Sheriffs
Sale.
5. That we will be compelled and required to hire an attorney to file formal
documents to open or strike such a judgment if it has a valid defense to the action
taken against us, and without those documents being filed, we will not have a right to a
hearing or trial on such judgment matter.
6. That we have an income, either individually or together, which is at least
$10,000.00 per year.
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SC TT A. HOLT -r~ -~'
(SEAL)
DIE HOLTR
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