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HomeMy WebLinkAbout10-2660f• . is -aW VATerm To: Cumberland Valley Cooperative FILE D-C - ; 908 Mt. Rock Road T'- PP ;.- :r. T? Shippensburg, Pa. 17257 2010 APR 21 Ph 3: U4 JUDGMENT NOTE y j'y From: George A. & Shirley M. Stambaugh PENNS rLVANIH $ 8,110.77 Shirley M. Stambaugh Date: January 20, 2008 3419 Ritner Highway Newville, Pa. 17241 Shippensburg, Franklin County, Pennsylvania FOR VALUE RECEIVED, the undersigned promise to pay to the order of CUMBERLAND VALLEY COOPERATIVE ASSOCIATION, at 908 Mount Rock Road, Shippensburg, Franklin County, Pennsylvania, or at any other place in the Commonwealth of Pennsylvania that any holder of this Note may designate in writing, the sum of $8,110.77, with interest at 18.0%, from the date written above until paid, subject to terms of an agreement of even date; provided, however, the maker or his successors shall not pay more than amounts actually advanced on account, with interest, by Cumberland Valley Cooperative Association. The Maker shall have the right to prepay the principal of this Note in whole or in part prior to its due date without premium or penalty. If this Note is placed in an Attorney's hands for collection, or collected by a suit or through a bankruptcy, probate or other Court proceeding, either before or after maturity, there shall be paid to the holder of this Note reasonable Attorney's fees of 15%, costs and other expenses incurred by the holder in enforcing the terms of this Note. The Makers, signers and endorsers of this Note severally waive, demand, presentment, notice of dishonor, diligence in collection and notice of protest and agree to all extensions and partial payments before or after maturity, without prejudice to the Holder. The undersigned certifies that they were advised and understood that they could have an attorney examine the said Demand Note and any other documents in connection with the loan prior to execution. The undersigned hereby certifies in connection with the loan above referred to secured by this Judgment Note containing a confession of judgment authorizing any attorney or prothonotary of any court of record in Pennsylvania or elsewhere to confess judgment against the undersigned: that the loan for which said Note was given is not a consumer loan; that the income of the undersigned (conjugal income if both spouses executed the Note) is $10,000.00 or more; that it was orally explained and fully understood by the undersigned that the execution of a demand Note containing a confession of judgment clause was a waiver of the right to have a prejudgment notice and hearing, the right to have the burden of proving default on Cumberland Valley Cooperative Association, the Creditor, and the right to avoid expenses attendant upon opening or striking a confessed judgment and that the undersigned voluntarily executed the said Demand Note with a confession of judgment clause knowing that the aforesaid rights have been waived and that an execution may be issued on a judgment entered on said confession against their property. Witness id/19Seal x Witness Seal SWORN TO AND SUBSCRIBED BEFORE ME THIS 1. DAY OF ONWEALTH OF PENNSYLVANIA 4a-i.5o'( Po PLFF L Notarial Seal-- i9 a7 Merle D. Hamish, Notary Public Southampton Twp., Franklin County a L109'e MY Commission Expires Jan. 19, 2012 Member, Pennsylvania Association of Notaries ?j/?e d ??? r??? ?/ 1 ! lip r"?c?v/ r George A. Stambaugh Shirley M. Stambaugh 3419 Ritner Highway Newville,Pa.17241 INSTALLMENT PAYMENT AGREEMENT $8,110.77 Shippensburg, Pennsylvania January 7, 2009 In installments as hereinafter stated, for value received, I/we, promise to pay to Cumberland Valley Cooperative Association, 908 Mt.. Rock Road, Shippensburg, Pennsylvania, the sum of $8,110.77 with interest on the unpaid principal at the rate of 10.0 percent per annum from date hereof until paid in full. Said principal sum and interest shall be payable in equal successive monthly installments of $1,000.00 each, commencing on the 25th day of January, 2009, and continuing until September 25,2009, at which time any unpaid balance of principal hereof and all interest accrued thereon shall be due and payable in full. All payments shall first be applied to interest due, with the balance to be applied to principal. Upon default in payment of any such installments or of interest when due, or upon failure of the makers to pay for each purchase on or before the date of their next purchase from Cumberland Valley Cooperative Association, the whole of the principal sum then remaining unpaid and all interest accrued thereon, shall, at, the option of the holder hereof, become immediately due and payable, without demand notice. And further, I/We do hereby authorize and empower any attorney of any court of record of Pennsylvania or elsewhere to appear for and to enter judgment against us, in favor of any holder of the Note for the above sum with costs of suit, release of errors, without stay of execution, and with fifteen (150) added as a reasonable attorney's fee, and I/We do hereby waive and release all benefit and relief from any and all appraisement, stay or exemption Laws of any state not in force or hereafter to be passed. WITNESS: (SEAL) AL ) Satisfy Judgement / A!1 6 F Ir ?Q ?l V Q f(2 } Ce?E'?ttT'i J oLj??i Oh } Plaintiff vs. I ;.j In the Court of Common Pleas of M? c- ??. r U) r-- ?,? Cumberland County, Pennsylvania N ? C" ?- J Judg entirn favor of Plaintiff on for /10,77 No. -.;$,6'() _ ci y i T Term J? / Defendant ,jj C 16 M r/Pf kn d VR 14)/ e (>%erq ?`i V ? 4SS®e l er Y 1 O1 Plaintiff in the above Judgment, do appear qnd acknowledge that this day have had and received and from V- the defendant in the above Judgment, full payment and satisfaction of the same, with interest and costs, and desired that satisfaction therefore shall be entered upon the records thereof. 1 And further, W e _ do hereby authorize and empower D6 V au e-] I the Prothonotary of said Court, to appear '!i C! Y- NS _ and in Q ?l r name and stead to enter full satisfaction upon the record of said Judgment, as fully and effectually, to all intents and purposes, as CVe- _ could were we personally present in person to do so. And for so doing this shall be your sufficient warrant of authority. In testimony whereof, We have hereunto set our hands and seals this 1216 day of 1A A.D.20 "C)z4nz? (Seal) (Seal) State of Pennsylvania } County of Cumberland,} Personallv aoneared before me. the subscriber. (Seal) the Plaintiff in the above Judgment, and in due form of law acknowledged the within and foregoing Power of Attorney to satisfy the Judgment set forth, to be act and deed, and desired that the same shall be filed of record in the office of the Prothonotary of the Court of Common Pleas of said County, -[& In testimony whereof, I have hereunto set my hand and seal this day of A.D.20 ? (Seal) (Seal) m ftak VA ?« ?? ? wee m? ? ? ? ?+?