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Home My WebLink About01-7134PENNSYLVANIA STATE BANK Plaintiff WINSTON E. SPANGLER and KARLYN K. SPANGLER Defendants : In the Court of COMMON PLEAS of : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION - LAW PRAECIPE FOR ENTRY OF CONFESSED JUDGMENT ON GUARANTY TO THE PROTHONOTARY: Please enter Judgment in favor of Plaintiff, PENNSYLVANIA STATE BANK, and against Defendants, WINSTON E. SPANGLER and KARLYN K. SPANGLER, of 515 Poplar Avenue, New Cumberland, Cumberland County, Pennsylvania, in the amount of $101,768.77 in accordance with the Commercial Guaranty attached hereto· TO Cumberland County Prothonotary Dated: December 18. 2001 Robert D. Kodak Attorney I.D. No. 18041 Attorney for Plaintiff COMMERCIAL GUARANTY, References n the shaded aras are for Lender's use only,,a,n,,d do not limit the applice:.bil!ty .o.f this. d..oc.u.~n~ionnt to any particular loan or item. I Any item above containin~l has basn omitted due ~o mx~ ~er~ltn ,m~m. o s. Borrower: Leisure Living Stores of Harrisburg, Inc. (TIN: 23-1 ag~824) 43~ Market Street Lemoyne, PA 17O43 Guarantor: Winston E. Spangler (SSN: 210-26-7069) 515 Poplar Avenue New Cumberland, PA 17070 Lender: PENNSYLVANIA STATE BANK Camp Hill Flnanclef Center 214~ Market Street, P.O. Box 487 Camp Hill, PA 17001-04~7 AMOUNT OF GUARANTY. This Is a guaranty of payment of the Note, Including without limitation the prlnclpef Note amount of One Hundred One Thousand Seven Hundred Slxty.-efght & 77/100 Dollars ($101,768.77). GUARANTY. For good and valuable conalderstlon, Winston E. Spangler ("Guarantor") abeolulely and unconditionally guarantees and promtaee to pay to PENNSYLVANIA STATE BANK ("Lender") or Ilo order, in legal tender of the United States of America, the Indebtedness (as that term ta defined below) of Leisure Living Stores of I-tardsburg, Inc. ("Borrower") to Lender on the terms and conditions asr forlh in thio Guaranty. MAXIMUM LIABILITY. The maximum liability of Guarantor under this Guaranty shall not exceed at any one time the amount of the Indebtedness described herein, plus all costs and expenses of (A) enforcement of this Guaranty and (B) collection and sale of any collateral securing this Guaranty. The above limitation on liability is not a restriction on the amount of the Indebtedness of Borrower to Lender either in the aggregate or at any one time. If Lender presently holds one or more guaranties, or herasftor receives additional guaranties from Guarantor, Lender's rights under all guaranties shell 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 unterminatad guaranties. INDEBTEDNESS GUARANTEED. The Indebtedness guaranteed by this Guaranty includes the Note, including (a) all principal, (b) all interest, (c) all late charges, (d) all loan fees and loan charges, and (e) all collection costs and expenses relating to the Note or to any collateral for the Note. Collection costs and expenses include without limitation all of Lender's attorneys' fees. 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 Indebtedness shall have bash fully and finally paid and satisfied and all of Guarantor's other obligations under this Guaranty shall have been performed in full. 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. GUARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, without notice or demand and without lessening Guarantor's liability under thla Guaranty, from time to time: (A) to make one or more additional secured or unsecured leans to Borrower, to tease equipment or other goods to Borrower, or otherwise to extend additional credit to Borrower; (B) to aifer, 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 repasted and may be for longer than the original loan term; (C) to take and hold sacudty 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 padicipafions in all or any pad 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 any way the 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 Guerantor'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, end all future financial information which will be provided to Lender is and will be true and correct in all material raspests and fairly present Guarantor's financial condition as of the dates the financial information is provided; (G) no matedal 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; (I) 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 ftom 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 olher credit to Borrower; (B) to make any presentment, protest, 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 nonacfion 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; (D) to proceed directly against or exhaust any collateral held by Lender from Borrower, any other guarantor, or any other person; (E) to give notice of the terms, time, and place of any public or private sale of personal properly security held by Lender from Borrower or to comply with any other applicable provisions of the Uniform Commercial Code; (F) to pursue any other remedy within Lender's power; or (G) to commit any act or omission of any kind, or at any time, with respect to any matter whatsoever. In addition to the waivers set forth above, if now or hereafter Borrower is or shall become insolvent and the Indebtedness shall not at all times until paid be fully secured by coliataral pledged by Borrower, Guarantor hereby forever waives and gives up in favor of Lender and Borrower, and Lender's and Borrower's respective successors, any claim or right to payment Guarantor may now have or hereafter have or acquire against Borrower, by · ~lueJen~) s~q} Jepun peelueJen§.,~ eqs sJe~od LIONS Jo ~oJexe p~ejoJd eqi uodn ~U~leJ Ul pelmJo Jo ep~m sseupe~l u~q ~us pu~ ' ' ' . . ~qeq Jill uo ~ ol ~o~nd ~ ~Io~ ~ue~8 Jeq}o Jo '~e~u~m '~eu~ed '~oi~Jip '~o eql ~o ~ Jolu~J~n~ JO Je~8 jo ~e~od eql olu! eJlnbu! ol J~ue~ Joj ~d }ou s! l! 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Jo .uo!1oe euo. ~ue (V) jo uos~J ~q 5u!spe ~u~ep Jo ~4OP IlS pus ~ue ~!e~ OSle Jolumen~ · S~el ~oldnJ4ueq leJepe~ e41 jo uo!~oJd Joy.ns ~u~ Jo '(q)z~ uoR~s 'o's'n L t to 6u!u~m e41 u!41!~ Je~O~O8 jo ~oi!peJo. e emo~q JO eq JOlUeJen~ IleqS em!l ou le Is41 os '~!~eqlo JO uo~e~Jqns ~ e§ed (penu!luoo) A~NVEIVflO 'IVIO~I31NINO3 90-~0/.~00g :ON ueol Loan No: 5002704-06 COMMERCIAL GUARANTY (Continued) Page 3 Notices. Unless otherwise provided by applicable law, any notice required to be given under this Guaranty shall be given in writing, and shall be effective when actually delivered, when actually received by teletacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Guaranty. Any parly may change its address for notices under this Guaranty by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the pady's address. For notice purposes, Guarantor agrees to keep Lender informed at all times of Guarantor's current address. Unless otherwise provided by applicable law, if there is more than one Guarantor, any notice given by Lender to any Guarantor is deemed to be notice given to all Guarantors. No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Guaranty unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Guaranty shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision or any other provision of this Guaranty. No pdor waiver by Lender, nor any course of dealing between Lender and Guarantor, shall constitute a waiver of any of Lender's rights or of any of Guarantor's obligations as to any future transactions. Whenever the consent of Lender is required under this Guaranty, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sole discretion of Lender. Successors and Aeaign$. The terms of this Guaranty shall be binding upon Guarantor, and upon Guarantor's heirs, personal representatives, successors, and assigns, and shall be enforceable by Lender and its successors and assigns. 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 Leisure Living Stores of Harrisburg, Inc., and all other persons and entities signing the Note in whatever capacity. Guarantor. The word "Guarantor" means each and every person or entity signing this Guaranty, including without limitation Winston E. Spangler. Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of the Note. Indebtedneea. The word "indebtedness" means Borrower's indebtedness to Lender as more padiculariy described in this Guaranty. Lender. The word "Lender" means PENNSYLVANIA STATE BANK, its successors and assigns. Note. The word "Note" means the promissory note dated July 9, 2001, In the ortglnai prtnclpai amount of $101 ,'~.77 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the promissory note or agreement. , Related Documente. 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 A'ITORNEY OR THE PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME FOR GUARANTOR A~- H-R 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 A~ ~-NTION OR GUARANTOR HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL. GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL GUARANTY AND GUARANTOR AGREES TO ITS TERMS. THIS COMMERCIAL GUARANTY IS DATED JULY 9, 2001. THIS GUARANTY IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS GUARANTY IS AND SHN-L CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW. GUARANTOR: Spangler, Vd '/~4uno"j u!qdnoO :~qnd/"°t°N ~1~ '1' :aJ.¥N~I 'lYeS lVlliVlON · lrde II~lOUJO pu~ pu.q ,~m lee oluneJeq I 'JOeJeqM e~OUlIM Ul 1N:qlNDO:q'IMON)IDY qYROIAIONI I, abed (penu!luoD) AINVEIVnD 'IVIDU:qlNINOD gO-I, OZ~O0~ :ON ueo-1 DISCLO[ RE FOR CONFESSION OF ,....,DGMENT " References in the shaded area are for Lender's use on y and do not limit the applicability of this document to any particular loan or item. I An~, item above containin~ ..... has been omitted due to text length limitations. Borrower: Affiant: Leisure Living Stores of Harrisburg, Inc. (TIN: 23-189M24) 435 Mmket Street Lemoyna, PA 17043 Wlnaton E. Spangler (SSN: 210-2a-7069) 515 Poplar Avenue New Cumbedand, PA 17070 Lender: PENNSYLVANIA STATE BANK Camp Hill Financial Center 2148 Market Street, P.O. Box 487 Camp Hill, PA 17001-0487 DISCLOSURE FOR CONFESSION OF JUDGMENT (~ DAY OF :~"~ I"/ ,20 0 I, A GUARANTY OF A PROMISSORY NOTE FOR $101,768.77 I AM EXECUTING, THIS O~LIGATING ME TO REPAY THAT AMOUNT. ! 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, INTFI I IGENTLY, AND VOLUNTARILY WAIVING THESE RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND I EXPRES~I.Y AGREE AND CONSENT TO LENDER'S ENTERING~:~NT AGAINST ME BY CONFESSION AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION. INITIALS: B. I FURTHER UNDERSTAND 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, INT~ I IGENTLY 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 = t C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE APPLICABLE, AND BY PLACING MY INITIALS NEXT TO EACH STATEMENT WHICH APPLIES, I REPRESENT THAT: INITIALS 1. I 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. 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. AFFIANT: COMMERCIAL GUARANTY '" References n the shaded area are for Lender's use only and do not limit the applicability of th s document to any particular loan or item. I Any item above containing ..... has been omitted due to text length limitations. I Borrower: Leisure Living Stores of Harrisburg, Inc. (TIN: 23-1895824) 435 Market Street Lemoyne, PA 17043 Guarantor: Kartyn K. Spsugler (SSN: 183-42-0732) 81S Poplar Avenue New Cumberland, PA 17070 Lender: PENNSYLVANIA STATE BANK Camp Hill Flnsuclal Center 2148 Market Street, P.O. Box 487 Camp Hill, PA 17001-04a7 (717) 731-7272 AMOUNT OF GUARANTY. This taa guaranty of payment of the Note, Including without Ilmllatton the principal Note amount of One Hundred One Thousand Seven Hundred Sixty-eight & 771100 Dollars ($101,76~.77). GUARANTY. For good and valuable consideration, Karlyn K. Spanglar ("Guarantor") absolutely and unconditionally guarantees and promises to pay to PENNSYLVANIA STATE BANK ("Lender") or Its order, In legal tender of the United Statea of America, the Indabtedn_-_--'_ (an that term ts defined below) of Lalsure Living Stores of Harrisburg, Inc. ("Borrower") to Lender on the terms and conditions eat forth In this Guaranty. MAXIMUM LIABILITY. The maximum liability of Guarantor under this Guaranty shall not exceed at any one time the amount of the Indebtedness described herein, plus all costs and expenses of (A) enforcement of this Guaranty and (B) collection and sale of any collateral securing this Guaranty. The above limitation on liability is not a restriction on the amount of the Indebtedness of Borrower to Lender either in the aggregate or et any one time. 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 unterminafed guaranties. INDEBTEDNESS GUARANTEED. The Indebtedness guaranteed by this Guaranty includes the Note, including (a) all principal, (b) all interest, (c) all late charges, (d) all loan fees and loan charges, and (e) all collection costs and expenses relating to the Note or to any collateral for the Note. Collection costs and expenses include without limitation all of Lender's attorneys' fees. 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 Indebtedness shall have bean fully and finally paid and satisfied and all of Guarantor's other obligations under this Guaranty shall have bean performed in full. 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 effect the liability of any remaining Guarantors under this Guaranty. GUARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, without notice or demand and without leeeanlng Guarantor's liability under this Guaranty, from time to time: (A) 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; (B) 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 pad 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 odginal 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 dead of trust, es Lender in its discretion may determine; (G) to sell, transfer, assign or grant participations in all or any pad 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 bean made to Guarantor which would limit or qualify in any way the 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 bean, 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, invastigafion, administrative proceeding or similar action (including those for unpaid taxes) against Guarantor is pending or threatened; (I) 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, protest, 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; (D) to proceed directly against or exhaust any collateral held by Lender from Borrower, any other guarantor, or any other person; (E) to give notice of the terms, time, and place of any public or private sale of personal property security held by Lender from Borrower or to comply with any other applicable provisions of the Uniform Commercial Code; (F) to pursue any other remedy within Lender's power; or (G) to commit any act or omission of any kind, or at any time, with respect to any matter whatsoever. In addition to the waivers set forth above, if now or hereafter Borrower is or shall become insolvent and the indebtedness shall not at all times until paid be fully secured by collateral pledged by Borrower, Guarantor hereby forever waives and gives up in favor of Lender and Borrower, and Lender's and Borrower's respective successors, any claim or right to payment Guarantor may now have or hereafter have or acquire against Borrower, by subrogation or otherwise, so that at no time shall Guarantor be or become a "creditor" of Borrower within the meaning of 11 U.S.C. section 547(b), or eq ilsqs pus 'Su~p/~ u! ue^.§ eq IlSqs/qusJsn~} Jepun ue^!5 eq ol peJ!nbm eo!lou ~ue '~el elq~?~Xq pep~oJd ~!~eqio sselun 'eeOllON ' · ~u~J~n~ Slql ~pun P~lueJenl ~ ~qs ~e~od qons jo ~mo~exe p~joJd e41 uodn ~UelleJ u! 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Page 3 effective when actually delivered, when actually received by teletacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight couher, or, if mailed, when deposited in the United States mail, as first class, cedified or registered mail postage prepaid, directed to the addresses shown near the beginning of this Guaranty. Any party may change its address for notices under this Guaranty by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the party's address. For notice purposes, Guarantor agrees to keep Lender informed at all times of Guarantor's current address. Unless otherwise provided by applicable law, if there is more than one Guarantor, any notice given by Lender to any Guarantor is deemed to be notice given to all Guarantors. No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Guaranty unless such waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Guaranty shall not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision or any other provision of this Guaranty. No prior waiver by Lender, nor any course of dealing between Lender and Guarantor, shall constitute a waiver of any of Lender's dghts or of any of Guarantor's obligations as to any future transactions. Whenever the consent of Lender is required under this Guaranty, the granting of such consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and in ell cases such consent may be granted or withheld in the sole discretion of Lender. Succe__e.~_re end Assigns. The terms of this Guaranty shall be binding upon Guarantor, and upon Guarantor's heirs, personal representatives, successors, and assigns, and shall be enforceable by Lender and its successors and assigns. 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 Leisure Living Stores of Harrisburg, Inc., and all other persons and entities signing the Note in whatever capacity. Guarantor. The word "Guarantor" means each and every person or entity signing this Guaranty, including without limitation Karlyn K. Spangler. Guaranty. The word "Guaranb/' means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part of the Note. Indebtedness. The word "Indebtedness" means Borrower's indebtedness to Lender as more particularly described in this Guaranty. Lender. The word "Lender" means PENNSYLVANIA STATE BANK, its successors and assigns. Note. The word "Note" means the promissory note dated July 9, 2001, In the original prlnclpat amount of $101,7~8.77 from Borrower to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the promissory note or agreement. Related Documente. 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 A'I-FORNEY 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 A'I'I'ORNEY'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 A~ ~ ~-NTION OR GUARANTOR HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL. GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS COMMERCIAL GUARANTY AND GUARANTOR AGREES TO ITS TERMS. THIS COMMERCIAL GUARANTY IS DATED JULY 9, 2001. 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: · irds I~1o1~o puc pu~q J[w les oluneJeq I 'JOeJeqM SSiUilM Ul J.N3iNOQ3'IMON)IOY 'IVnQIAIQNI abed (penu!luoo) A.LNVEIVI'I~ 'IVlOI:F:IININOO 90-'vOA~O0~ :ON ueo~ DISCLO[ RE FOR CONFESSION OF ,. ,DGMENT ~::t:~.:~.~.,;,:.~:~:~:::::: :::::{:.;~.~.,~.'.~-~.~.×~:~'~*:~':::::'~:~'~'~"'~'?'~-"?'~'..." '"?':':':':~'? ............ '? ........................ ""'"'":' ............................................... References in the shaded area are for Lender's use only.,a,n,.d 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: Affiant: Leisure Living Storee of Harrisburg, Inc. (TIN: 23-1696824) 436 Market Street Lemoyne, PA 17043 Karlyn K. Spangler (SSN: 1~1-42-0732) 516 Poplar Avenue New Cunlberiand, PA 17070 Lender: PENNSYLVANIA STATE BANK Camp Hill Financial Center 2148 Market Street, P.O. Box 4~7 Camp Hill, PA 17001-0487 DISCLOSURE FOR CONFESSION OF JUDGMENT I AM EXECUTING, THIS ~ DAY OF ~Jl'"f ,20 O ( , A GUARANTY OF A PROMISSORY NOTE FOR $101,7~8.77 OBLIGATING ME TO REPAY THAT AMOUNT. 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 F~_s ' Y 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, INT~ ' IGENTLY, 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 ENTERING~NT AGAINST ME BY CONFESSION AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION. INITIALS: B. I FURTHER UNDERSTAND 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, AP ~ ~R 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 FLU. OR PARTIAL PAYMENT OF THE JUDGMENT. IN EXECUTING THE GUARANTY, BEING FUU.Y AWARE OF MY RIGHTS TO ADVANCE NOTICE AND A HEARING AFTER JUDGMENT IS ENTERED AND BEFORE EXECUTION ON THE JUDGMENT, I AM KNOWINGLY, INT~a ~ tGENTLY AND VOLUNTARILY WAIVING THESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATEI.Y EXECUTING ON THE JUDGMENT, IN ANY MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW, WITHOUT GIVING ME ANY ADVANCE NOTJCE. INITIALS: C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE APPLICABLE, AND BY PLACING MY INITIALS NEXT TO EACH STATEMENT WHICH APPLIES, I REPRESENT THAT: INITIALS 1. I 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. 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. AFFIANT: PENNSYLVANIA STATE BANK Plaintiff WINSTON E. SPANGLER and KARLYN K. SPANGLER, Each Individually : Defendants : : In the Court of COMMON PLEAS of : CUMBERLAND COUNTY, PENNSYLVANIA : CIVIL ACTION - LAW PLAINTIFF'S AFFIDAVIT/AVERMENT CONFESSION OF JUDGMENT FOR MONEY (X) Pursuant to Pa. R.C.P. No. 2951(1)(2)(ii), I certify that this judgment is not being entered by confession against a natural person in connection with a consumer credit transaction. (a) A consumer credit transaction means a credit transaction in which the party to whom credit is offered or extended is a natural person and the money, property or services which are the subject of the transaction are primarily for personal, family or household purposes. CONFESSION OF JUDGMENT FOR CONFESSION OF REAL PROPERTY () Pursuant to Pa. R.C.P. No. 2971(1)(1), I certify that this judgment is not being entered against a natural person in connection with a residential lease. The above certification is made subject to the pen ;to unsworn falsification to authorities. ~ Dated: December 18. 2001 Robert D. Kodak, Esquire Attorney for Plaintiff I.D. No. 18041 Address: Knupp, Kodak & Imblum, P.C. 407 North Front Street Post Office Box 11848 Harrisburg, PA 17108-1848 (717) 238-7151 Fax: (717) 238-7158 PENNSYLVANIA STATE BANK Plaintiff WINSTON E. SPANGLER and KARLYN K. SPANGLER Defendants : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA :NO. : CIVIL ACTION - LAW : CONFESSED JUDGMENT TO: WINSTON E. SPANGLER, Defendant You are hereby notified that on ..a~-~m~, 200_1_, Judgment by confession was entered against you in the sum of $101,768.77 in the above-captioned case. DATE: '~'O~_..f~-~ ~.(..~ ,200.~. Prothonotary 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. I hereby certify that the following is the address of the Defendant(s) stated in the Certificate of Residence: 515 POPLAR AVENUE, NEW CUM~~~~ Robert D. Kodak, Attorney for Plaintiff A WINSTON E. SPANGLER, Demandado(s) Por este medio sea avisado queen el dia $101,768.77 del case antes escrito. de 200 , un fallo por admision fue registrado contra usted por la cantidad de Fecha: el dia de de 200__ Protonotario LLEVE ESTA DEMANDA A UN ABODAGO IMMEDIATAMENTE. SI NO TIENE ABOGADO O SI NO TIENE EL DINERO SUFICIENTE DE PAGAR TAL SERVICIO, VAYA EN PERSONA O LLAME POR TELEFONO A LA OFICINA CUYA DIRECCION SE ENCUENTRA ESCRITA ABA JO PARA AVERIGUIR DONDE SE PUEDE CON~I~QUIR ASISTANCI~,.I~EGAL. Robert D. Kodak, Abogado(a) de Demandante(s) CUMBERLAND COUNTY BAR ASSOCIATION TWO LIBERTY AVENUE CARLISLE PA 17013 (717) 249-3166 PENNSYLVANIA STATE BANK Plaintiff WINSTON E. SPANGLER and KARLYN K. SPANGLER Defendants : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA :: NO. 0 t -- C (. : CIVIL ACTION - LAW : CONFESSED JUDGMENT TO: KARLYN E. SPANGLER, Defendant You are hereby notified that on ~rf~l~, 200 I, Judgment by confession was entered against you in the sum of $101,768.77 in the above-captioned case. Prothonotary ~ 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. I hereby certify that the following is the address of the Defendant(s) stated in the Certificate of Residence: 515 POPLAR AVENUE, NEW C~ R~ak, Attorney for Plaintiff~ A KARLYN K. SPANGLER, Demandado(s) Por este medio sea avisado queen el dia de 200__, un fallo por admision rue registrado contra usted por la cantidad de $101,768.77 del case antes eserito. Feeha: el alia de de :200 Protonotario LLEVE ESTA DEMANDA A UN ABODAGO IMMEDIATAMENTE. SI NO TIENE ABOGADO O SI NO TIENE EL DINERO SUFICIENTE DE PAGAR TAL SERVICIO, VAYA EN PERSONA O LLAME POR TELEFONO A LA OFICINA CUYA DIRECCION SE ENCUENTRA ESCRITA LEGAL. ABA JO PARA AVERIGUIR DONDEJ~~~~~a~S PU~~IRA~IA __ Robert D. Kodak, Abogado(a) de Demandante(s) CUMBERLAND COUNTY BAR ASSOCIATION TWO LIBERTY AVENUE CARLISLE PA 17013 (717) 249-3166 RELEASE OF JUDGMENT In the Court of Common Pleas of the County of cumberland Statement of 3udflment PENNSYLVANIA STATE BANK vergUs WINSTON E. SPANGLER and KARLYN IL sPANGLER Number Real Debt Interest from 12/20/01 Costs Entered and Filed Of 07134-2001 Civil $101,768. 77 l now All Men By These Presents, That pENNSYLVANIA STARE BANK, the Plaintiff named in the above entitled Judgment, for and in consideration of the sum of One Dollar ($1.00), lawful money of the United States, to it paid by the Defendants above named, the receipt whereof is hereby acknowledged, does hereby forever acquit, exonerate, discharge and release from the Lien of the above entitled Judgment the following described property, to wit: Property situate at and known as 435 Market Street, Borough of Lemoyne, County of Cumberland, Commonwealth of Pennsylvania, (Deed Book No: Record Book 101 at Page 1121). FURTHER AGREED, that the Plaintiff above named wdl not look to the said above mentioned and AND IT ISherea ter to become due, or in any way disturb, molest put to charge or damage, the present or any described premises, or any part thereof, for payment of any part of the principal and interest of said above entitled ·" ed '~d described premlses, or any part or portion Judgment, now or ~ ...... u,,iers of the above mentton ........ ~..o or to arise; provtded that future owner or owners, occupter.or, o,.~.~..,, ,,~a ~v matter, cause or ttttng tltence u~,#.,.t~ and thereof,for or by reason of the sara Juus,,,~o.., v- _ny legal validity, so far us respects all other lands nothing herein contained shall affect the said Judgment or its tenements of the said Defendants, situate in the County aforesaid, which are not herein expressly exonerated therefrom. IN WITNESS WHEREOF, the said Pennsylvania State Bank has caused this Release to be signed by its tc~ - President and its Corporate seal to be afftxed and all duly attested by its Secretary this_ / ! ._ day of October, A.D. 2002. ~ V t a · - President (Affix Corporate Seal) ~f ---------- F:\USEg.\BONNIEJO'~,ELEASES\WORK\01385psb'wpd: l 0Oct02 RELEASE FROM LIEN OF JUDGMENT PENNSYLVANIA STATE BANK versus Entered and Filed: W/NSTON E. SPANGLER and KARLYN K. SPANGLER Upon premises known as 435 Marl~et Street Borough of Lemoyne Cumberland County, P,4 SER\BONNIEJO\RELEASES\WORK\0 ! 385psb.wpd: I 0Oct02 PENNSYLVANIA STATE BANK : In the Court of COMMON PLEAS of Plaintiff : CUMBERLAND County, Pennsylvania WINSTON E. SPANGLER and KARLYN K. SPANGLER, Each Individually Defendants : NO. 01-7134 CIVIL TERM : CIVIL DIVISION -LAW PRAECIPE TO THE PROTHONOTARY: Please mark the above-captioned Judgment as settled and satisfied in full. TO Cumberland County Prothonotary Dated: March 2, 2004 Robert D. Kodak Attorney I.D. No. 18041 Attorney for Plaintiff