Loading...
HomeMy WebLinkAbout08-4357~„ ., fig' ~~7 1.,1Vi i JUDGMENT NOTE March 2"1, 2008 1. BORROWERS PROMISE TO PAY For value received, I, Michael L. Underkoffler, of 680-7 Geneva Drive, Mechanicsburg, PA 17055, (hereinafter called "Borrower") promise to pay $2,170.00 (Two One Hundred Seventy & no/100 dollars) to Susan M. Grubb, of 160 Blacksmith Road, Camp Hill, Pennsylvania 17011 (hereinafter called "Lender"). I understand that the Lender may transfer this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is called the "Note Holder". 2. INTEREST Interest will be charged on the unpaid principal and accumulated interest until the full amount of principal has been paid. I will pay interest at a monthly rate of 1 1 /2%. The interest rate required by this Section 2 is the rate I will pay both before and after any default described in Section 6(A) of this Note. 3. PAYMENTS (A) Time and place of payments I will pay principal and interest by making the payment on March 27, 2008. If, on March 27, 2008, I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the "maturity date". I will make my payment at 3803 Gettysburg Road Camp Hill, Pennsylvania, 17011, or at a different place if required by the Note Holder. (B) Amount of payment My payment will be in the amount of U.S. $2,170.00. 4. BORROWER'S RIGHT TO PREPAY The Borrower has the right to make payments of principal at any time before they are due, without penalty. The Note Holder will use all of my prepayments to reduce the amount of the principal that I owe under this Note. If I make a partial payment, there will be no change in the due date or in the amount of my payment unless the Note Holder agrees in writing to those changes. 5. LOAN CHARGES If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected or to be collected in connection with this loan exceed the permitted limits, then (i) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (ii) any sums already collected from me which exceeded the permitted limits will be refunded to me. The Note Holder may choose to make this refund by reducing the principal I owe under this Note or by making a direct payment to me. If a refund reduces principal, the reduction will be treated as a partial payment. 6. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Default If I do not pay the full amount of the payment on the date it is due, I will be in default. (B) Notice of Default If the Borrower is in default, the Note Holder may send a written notice informing the Borrower that failure to pay the overdue amount by a certain date, that the entire remaining principal and interest is immediately due and payable. (C) No Waiver by Note Holder Even if, at the time of default, the Note Holder does not require the Borrower to pay immediately in full as described above, the Note Holder will still have the right to do so if Borrower is in default at a later time. (D) Payment of Note Holder's Costs and Expenses -~ The Borrower shall bear all costs and expenses in enforcing the default provisions of this Note to the extent not prohibited by applicable law, these expenses include reasonable attorneys' fee. 7. GIVING OF NOTICE Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will be given by first class mail to the Borrower at the property address above, or at a different address if provided to the Note Holder in writing. Any notice to the Note Holder under this Note will be given by first class mail to the Note Holder at the address stated in Section 3(A) above, or at a different address if provided to the Borrower in writing. 8. OBLIGATIONS OF PERSONS UNDER THIS NOTE If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person individually or against all persons together. This means that any one person obligated under this Note may be required to pay all of the amounts owed under this Note. 9. WAIVERS Borrower hereby waives the rights of presentment and notice of dishonor. 10. JUDGMENT NOTE I, do hereby authorize and empower any attorney of any Court of Record of Pennsylvania or elsewhere to appear for and to enter judgment against me in favor of any holder of this note for the above sum with costs of suit, release of errors, without stay of execution, and in addition fifteen percent (15 %) added as a reasonable attorney's fee, and I hereby waive and release all benefit and relief from any and all appraisment, stay or exemption laws of any state now in force or hereafter to be passed. Witness the Hand and Seal of the Undersigned. Wi es (Seal) ichael L. U~ c ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND On this, the ~~~day of , 2008, before me the undersigned officer appeared Michael L. Underkoffler, know to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and o i 1 se ~~AMONWEALTH OF pENNSYWANIA Notary Public NOTARIAL SEAL Public WILLIAM L. QRUC~b ~land~ County Lower Allen Twp., uea Aug. 13, 2009 My Commission Exp' Zg R +v ~ ~?Y ~, r ~ ~ -- m t -~°~~ C v ~ i - rv ~_JJJJ ~ ~ ~ T V