HomeMy WebLinkAbout10-2091COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, DOCKET NO. o _ aoq C -tv t l Term
successor in interest to CommunityBanks,
Plaintiff
C
V. CONFESSION OF JUDGMENT
rT ri1
RODNEY J. COY M
Defendant PREVIOUSLY ASSIGNED TO:) _
0
if
CONFESSION OF JUDGMENT
Pursuant to the authority contained in the warrant of attorney, the original or a copy of
which is attached to the Complaint filed in this action, I appear for the Defendant and confess
judgment in favor of the Plaintiff and against the Defendant as follows:
a. Principal
b. Interest to March 9, 2010
C. Late Charges
d. Satisfaction Fees
e. Quote Fee
f. Attorneys' Fees
TOTAL:
Date: March 2010
LLC
r?Ge S. uff, Esquire
o urt ID #24848
Street, PO Box 1166
g, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
$ 017.50 Pb RT't'I
co 181o5gq
R# a34 448
$159,493.51
$ 21,001.83
$ 3,028.44
$ 85.00
$ 20.00
$ 18,049.53
$201,678.31, plus interest, other
expenses, fees and costs
Respectfully submitted,
McNees Wallace & N
By:
%AM k"01
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, DOCKET NO. hh
successor in interest to CommunityBanks, t U " C ' ° fug`
Plaintiff ;
V. CONFESSION OF JUDGMENT
RODNEY J. COY,
Defendant PREVIOUSLY ASSIGNED TO: N/A
COMPLAINT FOR CONFESSION OF JUDGMENT
UNDER RULE 2951
1. The Plaintiff, Susquehanna Bank, successor in interest to CommunityBanks, is a
Pennsylvania financial institution with an office located at 100 Sterling Parkway, Suite 100
Mechanicsburg, PA 17050 ("Plaintiff').
2. The Defendant, Rodney J. Coy, is an adult individual whose last known address is
1032 Chelmsford Drive, Mechanicsburg, PA 17050 ("Defendant").
3. The Defendant executed and delivered to the Plaintiff a Commercial Guaranty dated
April 23, 2007 ("Guaranty"), a true and correct photostatic reproduction of the original of which is
attached hereto as Exhibit "A" and made part hereof.
4. The Defendant executed and delivered to the Plaintiff a Disclosure for Confession
of Judgment, a true and correct photostatic reproduction of the original of which is attached hereto
as Exhibit "B" and made part hereof.
5. Under the Guaranty, the Defendant guaranteed to the Plaintiff the payment of all
amounts due to the Plaintiff by Hampton Construction Management, Limited ("Debtor") under the
Promissory Note dated April 23, 2007, in the original principal amount of Two Hundred Fifty
Thousand Dollars ($250,000) ("Note"), a true and correct photostatic reproduction of the original
of which is attached hereto as Exhibit "C" and made part hereof.
6. Judgment is not being entered by confession against a natural person in connection
with a consumer credit transaction.
7. There has not been any assignment of the Guaranty or the Note.
8. Judgment has not been entered on the Guaranty in any jurisdiction.
9. The Debtor is in default of the Debtor's obligations to make payment to the
Plaintiff as required in the Note. As a result of the Debtor's default, the outstanding amount of
the Debtor's obligations to the Plaintiff is due and payable in full. The Plaintiff has demanded
payment from the Defendant under the Guaranty. A copy of the Plaintiffs demand dated October
28, 2009, is attached hereto as Exhibit "D" and made a part hereof. However, the defendant has
not made payment to the Plaintiff as required under the Guaranty.
10. An itemized computation of the amount due to the Plaintiff from the Defendant
under the Guaranty as of March 9, 2010, is as follows:
a. Principal $159,493.51
b. Interest $ 21,001.83
C. Late Charges $ 3,028.44
d. Satisfaction Fees $ 85.00
e. Quote Fee $ 20.00
f. Attorneys' Fees $ 18,049.53
TOTAL: $201,678.31
11. Interest continues to accrue at the rate of $34.11 per day through the date of
payment, including on and after the date of entry of judgment on this Complaint.
WHEREFORE, Plaintiff, Susquehanna Bank, successor in interest to CommunityBanks,
demands judgment against the Defendant, Rodney J. Coy, in the amount of Two Hundred and One
Thousand Six Hundred Seventy-Eight and 31/100 Dollars ($201,678.31), plus interest at the rate of
$34.11 per day through the date of payment, including on and after the date of entry of judgment
on this Complaint, and for other expenses, fees and costs to which the Plaintiff may be entitled.
Respectfully submitted,
McNees Wallace & Nurick LLC
Date: Marche 2010 By:
F Shu , Esquire
Co#24848
Street, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK,
successor in interest to CommunityBanks,
Plaintiff
DOCKET NO.
V.
RODNEY J. COY,
Defendant
CONFESSION OF JUDGMENT
: PREVIOUSLY ASSIGNED TO: N/A
VERIFICATION
I, Robert Rahal, Senior Vice President for Susquehanna Bank, being authorized to do so on
behalf of Susquehanna Bank, hereby verify that the statements made in the foregoing Complaint are
true and correct to the best of my information, knowledge and belief. I understand that false
statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904, relating to unsworn
falsification to authorities.
SUSQUEHANNA BANK
Date: ?rt ?G? 2q OVBy:
Robert Rahal
Senior Vice President
Borrower:
Guarantor
Hampton Construction Management, Limited (TIN:
25-1800323)
3607 Hartzdale Drive
Camp Hill, PA 17011
Rodney J. Coy (SSN: 159-54-7230)
1032 Chelmsford Drive
Mechanicsburg, PA 17050
Lender: CommunityBanks
Camp Hill
201 St. Johns Church Road
Camp Hill, PA 17011
(717) 909-1590
CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. For good and valuable consideration, Guarantor absolutely and unconditionally
guarantees full and punctual payment and satisfaction of the Indebtedness of Borrower to Lender, and the performance and discharge of all
Borrower's obligations under the Note and the Related Documents. This is a guaranty of payment and performance and not of collection, so
Lender can enforce this Guaranty against Guarantor even when Lender has not exhausted Lender's remedies against anyone else obligated to
pay the Indebtedness or against any collateral securing the Indebtedness, this Guaranty or any other guaranty of the Indebtedness. Guarantor
will make any payments to Lender or its order, on demand, in legal tender of the United States of America, in same-day funds, without set-off or
deduction or counterclaim, and will otherwise perform Borrower's obligations under the Note and Related Documents. Under this Guaranty,
Guarantor's liability is unlimited and Guarantor's obligations are continuing.
INDEBTEDNESS. The word "Indebtedness" as used in this Guaranty means all of the principal amount outstanding from time to time and at any
one or more times, accrued unpaid interest thereon and all collection costs and legal expenses related thereto permitted by law, attorneys' fees,
arising from any and all debts, liabilities and obligations of every nature or form, now existing or hereafter arising or acquired, that Borrower
individually or collectively or interchangeably with others, owes or will owe Lender. "Indebtedness" includes, without limitation, loans, advances,
debts, overdraft indebtedness, credit card indebtedness, lease obligations, liabilities and obligations under any interest rate protection
agreements or foreign currency exchange agreements or commodity price protection iagreements, other obligations, and liabilities of Borrower,
and any present or future judgments against Borrower, future advances, loans or transactions that renew, extend, modify, refinance, consolidate
or substitute these debts, liabilities and obligations whether: voluntarily or involuntarily incurred; due or to become due by their terms or
acceleration; absolute or contingent; liquidated or unliquidated; determined or undetermined; direct or indirect; primary or secondary in nature or
arising from a guaranty or surety; secured or unsecured; joint or several or joint ajtd several; evidenced by a negotiable or non-negotiable
instrument or writing; originated by Lender or another or others; barred or unenforceable against Borrower for any reason whatsoever; for any
transactions that may be voidable for any reason (such as infancy, insanity, ulna vires or otherwise); and originated then reduced or
extinguished and then afterwards increased or reinstated.
If Lender presently holds one or more guaranties, or hereafter receives additional guaranties from Guarantor, Lender's rights under all guaranties
shall be cumulative. This Guaranty shall not (unless specifically provided below to the contrary) affect or invalidate any such other guaranties.
Guarantor's liability will be Guarantor's aggregate liability under the terms of this Guaranty and any such other unterminated guaranties.
CONTINUING GUARANTY. THIS IS A "CONTINUING GUARANTY" UNDER WHICH GUARANTOR AGREES TO GUARANTEE THE FULL AND
PUNCTUAL PAYMENT, PERFORMANCE AND SATISFACTION OF THE INDEBTEDNESS OF BORROWER TO LENDER, NOW EXISTING OR
HEREAFTER ARISING OR ACQUIRED, ON AN OPEN AND CONTINUING BASIS. ACCORDINGLY, ANY PAYMENTS MADE ON THE
INDEBTEDNESS WILL NOT DISCHARGE OR DIMINISH GUARANTOR'S OBLIGATIONS AND LIABILITY UNDER THIS GUARANTY FOR ANY
REMAINING AND SUCCEEDING INDEBTEDNESS EVEN WHEN ALL OR PART OF THE OUTSTANDING INDEBTEDNESS MAY BE A ZERO
BALANCE FROM TIME TO TIME.
DURATION OF GUARANTY. This Guaranty will take effect when received by Lender without the necessity of any acceptance by Lender, or any
notice to Guarantor or to Borrower, and will continue in full force until all the Indebtedness incurred or contracted before receipt by Lender of
any notice of revocation shall have been fully and finally paid and satisfied and all of Guarantor's other obligations under this Guaranty shall have
been performed in full. If Guarantor elects to revoke this Guaranty, Guarantor may only do so in writing. Guarantor's written notice of
revocation must be mailed to Lender, by certified mail, at Lender's address listed above or such other place as Lender may designate in writing.
Written revocation of this Guaranty will apply only to new Indebtedness created after actual receipt by Lender of Guarantor's written revocation.
For this purpose and without limitation, the term "new Indebtedness" does not include the Indebtedness which at the time of notice of
revocation is contingent, unliquidated, undetermined or not due and which later becomes absolute, liquidated, determined or due. For this
purpose and without limitation, "new Indebtedness" does not include all or part of the Indebtedness that is: incurred by Borrower prior to
revocation; incurred under a commitment that became binding before revocation; any renewals, extensions, substitutions, and modifications of
the Indebtedness. This Guaranty shall bind Guarantor's estate as to the Indebtedness created both before and after Guarantor's death or
incapacity, regardless of Lender's actual notice of Guarantor's death. Subject to the :foregoing, Guarantor's executor or administrator or other
legal representative may terminate this Guaranty in the same manner in which Guarantor might have terminated it and with the same effect.
Release of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect the liability of Guarantor under this
Guaranty. A revocation Lender receives from any one or more Guarantors shall not affect the liability of any remaining Guarantors under this
Guaranty. It is anticipated that fluctuations may occur in the aggregate amount of the Indebtedness covered by this Guaranty, and Guarantor
specifically acknowledges and agrees that reductions in the amount of the Indebtedness, even to zero dollars ($0.00), shall not constitute a
termination of this Guaranty. This Guaranty is binding upon Guarantor and Guarantor's heirs, successors and assigns so long as any of the
Indebtedness remains unpaid and even though the Indebtedness may from time to time be zero dollars ($0.00).
GUARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, eitherbefore or after any revocation hereof, without notice or
demand and without lessening Guarantor's liability under this Guaranty, from time to #.me: (A) prior to revocation as set forth above, to make
one or more additional secured or unsecured loans to Borrower, to lease equipment or other goods to Borrower, or otherwise to extend
additional credit to Borrower; (BI to alter, compromise, renew, extend, accelerate, or otherwise change one or more times the time for payment
or other terms of the Indebtedness or any part of the Indebtedness, including increases and decreases of the rate of interest on the
Indebtedness; extensions may be repeated and may be for longer than the original loan term; (C) to take and hold security for the payment of
this Guaranty or the Indebtedness, and exchange, enforce, waive, subordinate, fail or decide not to perfect, and release any such security, with
or without the substitution of new collateral; (D) to release, substitute, agree not to sue, or deal with any one or more of Borrower's sureties,
endorsers, or other guarantors on any terms or in any manner Lender may choose; (E) to determine how, when and what application of
payments and credits shall be made on the Indebtedness; (F) to apply such security and direct the order or manner of sale thereof, including
without limitation, any nonjudicial sale permitted by the terms of the controlling security agreement or deed of trust, as Lender in its discretion
may determine; (G) to sell, transfer, assign or grant participations in all or any part of the Indebtedness; and (H) to assign or transfer this
Guaranty in whole or in part.
GUARANTOR'S REPRESENTATIONS AND WARRANTIES. Guarantor represents and warrants to Lender that (A) no representations or
agreements of any kind have been made to Guarantor which would limit or qualify in dny waylthe terms of this Guaranty; (B) this Guaranty is
executed at Borrower's request and not at the request of Lender; (C) Guarantor has full power, right and authority to enter into this Guaranty;
(D) the provisions of this Guaranty do not conflict with or result in a default under any agreement or other instrument binding upon Guarantor
and do not result in a violation of any law, regulation, court decree or order applicable to Guarantor; (E) Guarantor has not and will not, without
the prior written consent of Lender, sell, lease, assign, encumber, hypothecate, transfer, or otherwise dispose of all or substantially all of
Guarantor's assets, or any interest therein; (F) upon Lender's request, Guarantor will provide to Lender financial and credit information in form
acceptable to Lender, and all such financial information which currently has been, and all future financial information which will be provided to
Lender is and will be true and correct in all material respects and fairly present Guarantor's financial condition as of the dates the financial
information is provided; (G) no material adverse change has occurred in Guarantor's financial condition since the date of the most recent
financial statements provided to Lender and no event has occurred which may materially adversely affect Guarantor's financial condition; (H)
no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Guarantor is pending or
threatened; (1) Lender has made no representation to Guarantor as to the creditworthiness of Borrower; and (J) Guarantor has established
adequate means of obtaining from Borrower on a continuing basis information regarding Borrower's financial condition. Guarantor agrees to
keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Guarantor's risks under this
Guaranty, and Guarantor further agrees that Lender shall have no obligation to disclose to Guarantor any information or documents acquired by
Lender in the course of its relationship with Borrower.
GUARANTOR'S WAIVERS. Except as prohibited by applicable law, Guarantor waives any right to require Lender (A) to continue lending
money or to extend other credit to Borrower; (B) to make any presentment, protes? demand, or notice of any kind, including notice of any
nonpayment of the Indebtedness or of any nonpayment related to any collateral, or notice of any action or nonaction on the part of Borrower,
Lender, any surety, endorser, or other guarantor in connection with the indebtedness or in connection with the creation of new or additional
loans or obligations; (C) to resort for payment or to proceed directly or at once against any person, including Borrower or any other guarantor;
;OMMERCIAL GUARANTY
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(penul;uoC)) - 099LLOL06 :ON ue®I
f AlNvwvnJ IVIOE13WUU03
COMMERCIAL GUARANTY
:dan No: 901017560 (Continued) Page 3
Waive Jury. Lender and Guarantor hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by either
Lender or Guarantor against the other.
DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Guaranty. Unless specifically
stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America. Words and terms
used in the singular shall include the plural, and the plural shall include the singular, as the context may require. Words and terms not otherwise
defined in this Guaranty shall have the meanings attributed to such terms in the Uniform Commercial Code:
Borrower. The word "Borrower" means Hampton Construction Management, Limited and includes all co-signers and co-makers signing the
Note and all their successors and assigns.
Guarantor. The word "Guarantor" means everyone signing this Guaranty, including without limitation Rodney J. Coy, and in each case, any
signer's successors and assigns.
Guaranty. The word "Guaranty" means this guaranty from Guarantor to Lender.
Indebtedness. The word "Indebtedness" means Borrower's indebtedness to Lender as more particularly described in this Guaranty.
Lender. The word "Lender" means CommunityBanks, its successors and assigns:
Note. The word "Note" means and includes without limitation all of Borrower's promissory notes and/or credit agreements evidencing
Borrower's loan obligations in favor of Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations
of and substitutions for promissory notes or credit agreements.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.
CONFESSION OF JUDGMENT. GUARANTOR HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR GUARANTOR AFTER THE AMOUNTS HEREUNDER BECOME DUE AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST GUARANTOR FOR THE ENTIRE PRINCIPAL BALANCE OF THIS GUARANTY AND ALL ACCRUED INTEREST, LATE
CHARGES AND ANY AND ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THE
INDEBTEDNESS, TOGETHER WITH COSTS OF SUIT, AND AN ATTORNEY'S COMMISSION OF TEN PERCENT (10%) OF THE UNPAID
PRINCIPAL BALANCE AND ACCRUED INTEREST FOR COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS ($500)
ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING, THIS GUARANTY OR
A COPY OF THIS GUARANTY VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS GUARANTY
TO CONFESS JUDGMENT AGAINST GUARANTOR SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY, BUT SHALL
CONTINUE FROM TIME TO TIME AND AT ALL TIMES UNTIL PAYMENT IN FULL OF ALL AMOUNTS DUE UNDER THIS GUARANTY.
GUARANTOR HEREBY WAIVES ANY RIGHT GUARANTOR MAY HAVE TO NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH
CONFESSION OF JUDGMENT AND STATES THAT EITHER A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THIS CONFESSION OF
JUDGMENT PROVISION TO GUARANTOR'S ATTENTION OR GUARANTOR HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
EACH UNDERSIGNED GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS GUARANTY AND AGREES TO ITS
TERMS. IN ADDITION, EACH GUARANTOR UNDERSTANDS THAT THIS GUARANTY IS EFFECTIVE UPON GUARANTOR'S EXECUTION AND
DELIVERY OF THIS GUARANTY TO LENDER AND THAT THE GUARANTY WILL CONTINUE UNTIL TERMINATED IN THE MANNER SET FORTH
IN THE SECTION TITLED "DURATION OF GUARANTY". NO FORMAL ACCEPTANCE BY LENDER IS NECESSARY TO MAKE THIS GUARANTY
EFFECTIVE. THIS GUARANTY IS DATED APRIL 23, 2007.
THIS GUARANTY IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS GUARANTY IS AND SHALL CONSTITUTE AND HAVE THE EFFECT
OF A SEALED INSTRUMENT ACCORDING TO LAW.
GUARANTOR:
X (Seal)
Roane, J. Coy
DISCLC- RE FOR CONFESSION OF J )GMENT--.---
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing " has been omitted due to text length limitations.
Borrower: Hampton Construction Management, Limited (TIN
25-1800323)
3607 Hartzdale Drive "
Camp Hill, PA 17011
Declarant: Rodney J. Coy (SSN: 159-54-7230)
1032 Chelmsford Drive
Mechanicsburg, PA 17050
Lender: CommunityBanks
Camp Hill
201 St. Johns Church Road
Camp Hill, PA 17011
(717) 909-1590
DISCLOSURE FOR CONFESSION OF JUDGMENT
I AM EXECUTING, THIS 7-,-S DAY OF 20 07, A GUARANTY OF A PROMISSORY NOTE FOR
$250,000.00 OBLIGATING ME TO REPAY THAT jAMUNT.
A. I UNDERSTAND THAT THE GUARANTY CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER
JUDGMENT AGAINST ME IN COURT, AFTER A DEFAULT ON THE GUARANTY, WITHOUT ADVANCE NOTICE TO ME AND WITHOUT
OFFERING ME AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE GUARANTY, BEING FULLY AWARE
OF MY RIGHTS TO ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS THAT
LENDER MAY ASSERT AGAINST ME UNDER THE GUARANTY, I AM KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE
RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND I EXPRESSLY AGREE AND CONSENT TO
LENDER'S ENT RING JUDGMENT AGAINST ME BY CONFESSION AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION.
INITIALS: :;:::> . " {>.
B. I FURTHER DERSTAND THAT IN ADDITION TO GIVING LENDER THE RIGHT TO ENTER JUDGMENT AGAINST ME WITHOUT ADVANCE
NOTICE OR A HEARING, THE CONFESSION OF JUDGMENT PROVISION IN THE GUARANTY ALSO CONTAINS LANGUAGE THAT WOULD
PERMIT LENDER, AFTER ENTRY OF JUDGMENT, AGAIN WITHOUT EITHER ADVANCE NOTICE OR A HEARING, TO EXECUTE ON THE
JUDGMENT BY FORECLOSING UPON, ATTACHING, LEVYING ON, TAKING POSSESSION OF OR OTHERWISE SEIZING MY PROPERTY, IN FULL
OR PARTIAL PAYMENT OF THE JUDGMENT. IN EXECUTING THE GUARANTY, BEING FULLY AWARE OF MY RIGHTS TO ADVANCE NOTICE
AND A HEARING AFTER JUDGMENT IS ENTERED AND BEFORE EXECUTION ON THE JUDGMENT, I AM KNOWINGLY, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATELY EXECUTING ON THE
JUDGMENT IN ANY MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW, WITHOUT GIVING ME ANY ADVANCE NOTICE.
INITIALS:
C. AFTER VING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE APPLICABLE, BY INITIALING EACH
STATEMENT THAT APPLIES, I REPRESENT THAT:
INITIALS
1. 1 WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL IN CONNECTION WITH THE GUARANTY.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT PROVISION IN THE GUARANTY
TO MY ATTENTION.
D. I CERTIFY THAT MY ANNUAL INCOME EXCEEDS $10,000; THAT THE BLANKS IN THIS DISCLOSURE WERE FILLED IN WHEN I INITIALED
AND SIGNED IT; AND THAT I RECEIVED A COPY AT THE TIME OF SIGNING.
-- - 1._ s __- ---_. ---- DISC---- URE FOR CONFESSION OF JU( !.ENT----
Loan • No: 901017560 (Continued) Page 2
THIS DISCLOSURE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DISCLOSURE IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
DECLARANT:
X. (Seal)
Rodney J. Coy
Signed, aonowledge and livered in th presence of:
X
W t ss r
wibTess
LASER PRO LNRdM9, V 5 .34.00 003 C .P'. H.1-d FM-'W SRI -'. MN. 1991, 1007. AN R.pAN ft-v . - PA P:INARLAN=FhLPL1020.PC TR-28811 PR-34
PROMISSORY NOTE
........... ......... r..:.::::
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "* * * " has been omitted due to text lenoth limitations
Borrower: Hampton Construction Management, Limited (TIN: Lender: CommunityBanks
25-1800323) Camp Hill
3607 Hartzdale Drive 201 St. Johns Church Road
Camp Hill, PA 17011 Camp Hill, PA 17011
(717) 909-1590
Principal Amount: $250,000.00 Interest Rate: 7.700%; Date of Note: April 23, 2007
PROMISE TO PAY. Hampton Construction Management, Limited ("Borrower") promi$es to pay to CommunityBanks ("Lender"), or order, in
lawful money of the United States of America, the principal amount of Two Hundred Fifty Thousand & 00/100 Dollars ($250,000.00), together
with interest at the rate of 7.700% per annum on the unpaid principal balance from April 23, 2007, until paid in full. The interest rate may
change under the terms and conditions of the "INTEREST AFTER DEFAULT" section.
PAYMENT. Borrower will pay this loan in 59 payments of $5,047.40 each payment and an irregular last payment estimated at $5,048.12.
Borrower's first payment is due May 23, 2007, and all subsequent payments are due on the same day of each month after that. Borrower's
final payment will be due on April 23, 2012, and will be for all principal and all accrued interest not yet paid. Payments include principal and
interest. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to principal;
then to any unpaid collection costs; and then to any late charges. The annual Interest rate for this Note is computed on a 365/360 basis; that
is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the
actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown above or at such other place as
Lender may designate in writing.
PREPAYMENT PENALTY. Upon prepayment of this Note, Lender is entitled to the following prepayment penalty: In planning for the advancing
of the proceeds of this loan and in planning its investment portfolio, the Lender is relying upon this Obligation and the interest to be derived
therefrom, and some assured period of interest accrual is a bargained-for-consideration In this transaction. Accordingly, during the term of the
loan, the Lender shall be required to accept no partial prepayments of principal, other than those resulting from regularly scheduled amortization
payments. In the event that Borrower prepays the principal of this Obligation prior to maturity, such payments shall be accompanied by a
Prepayment Penalty equal to two percent (2.00%1 of the prepaid amount. This Prepayment Penalty is a bargained-for consideration and not a
liquidated damages provision. This Prepayment Penalty shall only be applicable if the prepayment of principal is derived from the balance of this
Note being refinanced through another individual, agency, or other financial institution. The Lender reserves the sole right to determine H any
prepayment of principal is eligible for this prepayment exemption. This Prepayment Penalty provision shall not be applicable in the event that the
Lender's acceleration of the payment terms of this Obligation triggers the prepayment, unless the default resulting in such acceleration is
reasonably deemed by the Lender to be a purposeful default. No partial prepayment shall postpone or interrupt payments of future installments
of principal and interest, which shall continue to be due and payable at the time and In the amounts set forth above until payment in full. Except
for the foregoing, Borrower may pay all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by
Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early payments
will reduce the principal balance due and may result in Borrower's making fewer payments. Borrower agrees not to send Lender payments
marked "paid in full", "without recourse", or similar language. If Borrower sends such a payment, Lender may accept it without losing any of
Lender's rights under this Note, and Borrower will remain obligated to pay any further amount owed to Lender. All written communications
concerning disputed amounts, including any check or other payment instrument that indicates that the payment constitutes "payment in full" of
the amount owed or that is tendered with other conditions or limitations or as full satiAction of a disputed amount must be mailed or delivered
to: CommunityBanks, Camp Hill, 201 St. Johns Church Road, Camp Hill, PA 17011. ?i
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled
payment or $50.00, whichever is greater.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased by 2.000
percentage points. If judgment is entered in connection with this Note, interest will continue to accrue after the date of judgment at the rate in
effect at the time judgment is entered. However, in no event will the interest rate exceed the maximum interest rate limitations under applicable
law.
DEFAULT. Each of the following shall constitute an event of default ("Event of Default") under this Note:
Payment Default. Borrower fails to make any payment when due under this Note.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Note or in
any of the related documents or to comply with or to perform any term, obligation,' covenant or condition contained in any other agreement
between Lender and Borrower.
Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or
sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or
Borrower's ability to repay this Note or perform Borrower's obligations under this Note or any of the related documents.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Note or the related documents is false or misleading in any material respect, either, now or at the time made or furnished or becomes false
or misleading at any time thereafter.
Insolvency. The dissolution or termination of Borrower's existence as a going business, the insolvency of Borrower, the appointment of a
receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of creditor workout, or the
commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the loan.
This includes a garnishment of any of Borrower's accounts, including deposit accgpnts, with Lender. However, this Event of Default shall
not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or
forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or
a surety bond for the creditor or forfeiture proceeding, in an amount determined -by Lender, in its sole discretion, as being an adequate
reserve or bond for the dispute.
Events Affecting Guarantor. Any of the preceding events occurs with respect. to any Guarantor of any of the indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity or, or liability under, any guaranty of the indebtedness
evidenced by this Note.
Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of this Note is impaired.
Insecurity. Lender in good faith believes itself insecure.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance under this Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay
Lender that amount. This includes, subject to any limits under applicable law, Lender's,attorneys' fees and Lender's legal expenses, whether or
not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay
or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by
law.
JURY WAIVER. Lender and Borrower hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought by either Lender
or Borrower against the other.
GOVERNING LAW. This Note will be governed by federal law applicable to Lender and,: to the extent not preempted by federal law, the laws of
the Commonwealth of Pennsylvania without regard to its conflicts of law provisions. This Note has been accepted by Lender In the
Commonwealth of Pennsylvania.
CHOICE OF VENUE. If there is a lawsuit, Borrower agrees upon Lender's request tosubmit to the jurisdiction of the courts of Cumberland
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McNees
Wallace & Nurick LLC
attorneys at law
flLE COPY
GEOFFREY S. SNUFF
DIRECT DIAL: (717) 237-5439
DIRECT FAX! (717) 260-1743
E-MAIL ADDRESS: GSHUFFca MWN.COM
October 28, 2009
VIA CERTIFIED AND FIRST CLASS MAIL
Rodney J. Coy Harry I. Morris, Jr.
2032 Chelmsford Drive 590 Lucinda Lane
Mechanicsburg, PA 17050 Mechanicsburg, PA 17055
RE: $500,000 Revolving Line of Credit from CommunityBanks, now by merger
Susquehanna Bank
$250,000 Loan from CommunityBanks, now by merger Susquehanna Bank
NOTICE OF DEFAULT AND DEMAND FOR PAYMENT
Gentlemen:
:Please be advised that this firm represents the interests of Susquehanna Bank (the
"Bank") with respect to your obligations to the Bank.
As you know, you are obligated to the Bank for the referenced $500,000 Revolving Line
of Credit and the $250,000 Loan (together, the "Loans") pursuant to those certain Commercial
Guaranty agreements dated April 23, 2007, and executed and delivered by you to the Bank
(together, the "Guaranties"). As you also know, Hampton Construction Management, Limited
("Hampton") is in default of its obligations to the Bank for failure to make payments on the
Loans as and when due.
Pursuant to the Guaranties, you are jointly and severally liable to the Bank for the entire
outstanding amounts of the Loans. As of October 27, 2009, the amounts of the obligations to the
bank are as follows:
$500,000 Revolving Line of Credit
Principal $492,757.64
Interest through 10/27/09 $8,951.76
Late Charges $435.27
Attorneys' Fees $2,081.47
TOTAL $504,786.60
P.O. Box 1166.100 PINE STREET- HARRISBURG, PA 17108-1166 • TEL: 717.232.8000 • FAx: 717.237 53no . unnnm ....
t.;OLUMBUS, OH • STATE COLLEGE, PA • LANCASTER, PA • HAZLETON, PA • WASHINGTON, DC
C x
Rodney J. Coy
Harry I. Morris, Jr.
October 28, 2009
Page 2
Interest at the rate of $41.06 per day, attorneys' fees and costs and other amounts to
which the Bank is entitled continue to accrue until the date on which payment is received by the
Bank.
$250,000 Loan
Principal $159,493.51
Interest through [date] $7,464.69
Late Charges $1,766.59
Attorneys' Fees $2,081.46
Satisfaction Fee $85.00
TOTAL $170,891.25
Interest at the rate of $34.11 per day, attorneys' fees and costs and other amounts to
which the Bank is entitled continue to accrue until the date on which payment is received by the
Bank.
Payment of the full amount of your obligations to the Bank is hereby demanded. Please
contact Robert Rahal of the Bank within ten (10) business days to make arrangements for
payment of the entire amount of your obligations. Mr. Rahal may be contacted as follows:
Robert Rahal
Senior Vice President
Susquehanna Bank
100 Sterling Parkway, Suite 100
Mechanicsburg, PA 17050
717-766-6542
Neither this letter nor anything contained herein waives, limits or otherwise affects in any
way the Bank's right to exercise and enforce its rights and remedies under the agreements and
documents that evidence and/or secure the Loans, or at law or in equity, all of which are reserved
by the Bank and remain in full force and effect, enforceable by the Bank at any time on and after
the date of this letter.
Rodney J. Coy
Harry I. Morris, Jr.
October 28, 2009
Page 3
Thank you for your consideration in this matter.
Very truly yours,
McNEES WALLACE & NURICK LLC
off
GSS:ADC:slt
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, : DOCKET NO. 0 - apq ?lV t lTErrr1
successor in interest to CommunityBanks,
Plaintiff
V.
RODNEY J. COY,
Defendant
CONFESSION OF JUDGMENT
PREVIOUSLY ASSIGNED TO: N/A
PRAECIPE FOR ENTRY OF APPEARANCE 2
TO THE PROTHONOTARY: z
IMP
Please enter my appearance on behalf of Plaintiff, Susquehanna Bank.f?l
cn
'
D -0 X:T?:
Papers may be served at the address set forth below. e W
Geoffrey S. Shuff, Esquire
McNees Wallace & Nurick LLC
100 Pine Street, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Respectfully submitted,
Date: March 2010
McNees Wallace & Nurick LLC
By:
WG. Esquire
#24848
100 Pine Street, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, : DOCKET NO. lp - a dq C i V -k ( Term
successor in interest to CommunityBanks,
Plaintiff
V. CONFESSION OF JUDGMENT
RODNEY J. COY,
Defendant PREVIOUSLY ASSIGNED TO: a
AFFIDAVIT OF NON-MILITARY SERVICE'
99 r-.3
TO THE PROTHONOTARY:
I do certify, to the best of my knowledge, that the Defendant in the above- C lonZact
C)
il
c+
Rodney J. Coy, is not presently on active or nonactive military status.
Respectfully submitted,
McNees Wallace & Nurick LLC
Date: March 21, 2010 By:
Geo uff, Esquire
S reme C urt ID #24848
100 Pine treet, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK,
successor in interest to CommunityBanks,
Plaintiff
V.
RODNEY J. COY,
Defendant
CERTIFICATE OF ADDRESSES
na
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rv
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M.
I hereby certify that the precise address of the Plaintiff, Susquehanna Bank, is 100 Sterling
Parkway, Suite 100 Mechanicsburg, PA 17050; and that the last known address of the Defendant,
Rodney J. Coy, is 1032 Chelmsford Drive, Mechanicsburg, PA 17050.
Respectfully submitted,
DOCKET NO. 10 - aAQ I CivilTP,rm
C
:CONFESSION OF JUDGMENT?
McNees Wallace & Nurick LLC
Date: Mar4' 2010 By:
PREVIOUSLY ASSIGNED TO:
G y . Shuff, Esquire
pr Court ID #24848
100 Pine Street, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
-
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, : DOCKET NO. 10 d.Oq I C v;1 Terri
successor in interest to CommunityBanks,
Plaintiff
V.
RODNEY J. COY,
Defendant
CONFESSION OF JUDGMENT
c
PREVIOUSLY ASSIGNED TO• A
NOTICE UNDER RULE 2958.1 r
OF JUDGMENT AND EXECUTION THEREON w
NOTICE OF DEFENDANT'S RIGHTS ?
TO: Rodney J. Coy
A judgment in the amount of $201,678.31, plus interest, other expenses, fees and costs has been
entered against you and in favor of the plaintiff without any prior notice or hearing based on a
confession of judgment contained in a written agreement or other paper allegedly signed by you.
The sheriff may take your money or other property to pay the judgment at any time after thirty
(30) days after the date on which this notice is served on you.
You may have legal rights to defeat the judgment or to prevent your money or property from
being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM THE JUDGMENT
AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS AFTER THE DATE ON
WHICH THIS NOTICE IS SERVED ON YOU OR YOU MAY LOSE YOUR RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT
HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. THIS
OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER.
IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO
PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL
SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE.
Lawyer Referral Service
Cumberland County Bar Association
32 South Bedford Street
Carlisle, PA 17013
(717) 249-3166
Respectfully submitted,
McNees Wallace & Nurick LLC
Date: March2?2010 By:
SrShuff, Esquire
Court ID #24848
'100 Pine Street, PO Box 1166
Harrisburg, PA 17108-1166
(717) 237-5439
Attorneys for Plaintiff
C,
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION
SUSQUEHANNA BANK, : DOCKET NO. (p - a2o4? C1v, ITerr?
successor in interest to CommunityBanks,
Plaintiff :
V.
RODNEY J. COY,
Defendant
To: Rodney J. Coy, Defendant
: CONFESSION OF JUDGMENT
PREVIOUSLY ASSIGNED TO: N/A
You are hereby notified that on 1*4? _AS , 2010, judgment by confession was entered
against you in the sum of $201,678.31, in the above-captioned case.
DATE: _
ro onotary
YOU SHOULD TAKE 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.
Lawyer Referral Service
Cumberland County Bar Association
32 South Bedford Street
Carlisle, PA 17013
(717) 249-3166
I hereby certify that the following is the address of the Defendant stated in the certificate of
residence:
Rodney J. Coy
1032 Chelmsford Drive
Mechanicsburg, PA 17050
S. Shuff, Attorney for Plaintiff
? .r
A, Rodney J. Coy, Demandado:
Por este medio usted sea avisado que en el dia _ de de 2010, un juicio por
admision fue registrado contra usted por la cantidad de $201,678.31, referente al caso mencionado
arriba.
Fecha:
Protonotario
LLEVE ESTA DEMANDA A UN ABOGADO INMEDIATAMENTE. SI USTED NO
TIENE UN ABOGADO O SI NO TIENE EL DINERO PARA PAGAR TAL SERVICIO, VAYA
PERSONALMENTE O LLAME POR TELEFONO A LA OFICINA CUYO TELEFONO Y
DIRECCION SE ENCUENTRAN ESCRITOS ABAJO PARA AVERIGUAR DONDE USTED
PODRA CONSEGUIR ASISTENCIA LEGAL.
Lawyer Referral Service
Cumberland County Bar Association
32 South Bedford Street
Carlisle, PA 17013
(717) 249-3166
Por este medio certifico que la siguientes son las direcciones de los demandado, dicho en el
certificado de residencia:
Rodney J. Coy
1032 Chelmsford Drive
Mechanicsburg, PA 17050
bogado del Demandante