HomeMy WebLinkAbout10-7740Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT : IN THE COURT OF COMMON PLEAS OF
iJNION, :CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v.
NO. 2010 - ~~G
CIVIL TERM
TRACY A. DeBLASIO and
PHII,IP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
NOTICE OF ENTRY OF JU MENT
PURSUANT TO PA. R.C.P. N0.236
TO: Tracy A. DeBlasio
99 Pine Creek Drive
Carlisle, PA 17013
You are. hereby notified that on 1 ~' ~6 "~~ ~ ,judgment by confession was
entered against you in the above-captioned case in favor of Cornerstone Federal Credit Union as
follows:
Balance $33,756.93
Interest (through 11/2/10) $914.03
Costs of Suit (estimated) $250.00
Attorney Fees $3,375.69
Total: $38,296.65*
*Plus interest per diem at $4.16, along with additional costs and fees incurred, until
paid in full.
Date: / 2.' ~t~ ~ ~~6 G~..~.~--
Proth o ary
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERS'T'ONE FEDERAL CREDIT : IN THE COURT OF COMMON PLEAS OF
UNION, :CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v.
TRACY A. DeBLASIO and
PHILIP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
NO. 2010 - °~ `) y ~ CIVIL TERM
NOTICE OF ENTRY 4F JUDGMENT
PURSUANT TO PA. R.C.P. N0.236
TO: Philip J. DeBlasio, Jr.
99 Pine Creek Drive
Carlisle, PA 17013
You are hereby notified that on ~ ~-' ~ G ~ l ~ ,judgment by confession was
entered against you in the above-captioned case in favor of Cornerstone Federal Credit Union as
follows:
Balance $33,756.93
Interest (through 11/2/10) $914.03
Costs of Suit (estimated) $250.00
Attorney Fees $3,375.69
Total: $38,296.65*
*Plus interest per diem at $4.16, along with additional costs and fees incurred, until
paid in full.
Date: / ~.-~- / G ~ ~--o/l~ ~~.~-
Prothonotary a„ ~ o f
Christopher E. Rice, Esquire
Attorney I.D. No. 90916 FLED-OFFICE
Seth T. Mosebey, Esquire 0~ THE PROTHONOTARY
Attorney I.D. No. 203046
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FA~~ ~ ~ ~~ 2~ 2 7
MARTSON LAW OFFICES
10 East High Street C L ~~ ~ ~ d L t '~ D C 0 ~~ Pd TY
Carlisle, PA 17013 ~ `'~~ `~ ~ ~ L`y'A'"A
(717)243-3341
Attorneys for Plaintiff
l;V1ttV~KS'1~UNE FEDERAL CREDIT
UNION,
Plaintiff
v.
TRACY A. DeBLASIO and
PHILIP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
NO. 2010 - "~ 7 ~~ CIVIL TERM
CONFESSION OF JUDGMENT
Pursuant to the authority contained in the Guaranty and Suretyship Agreements attached as
Exhibit "B," to the Complaint filed in the above-captioned case, we appeaz for Defendants, Tracy
A. DeBlasio and Philip J. DeBlasio, Jr., and confess judgment in favor of Cornerstone Federal Credit
Union against Defendants Tracy A. DeBlasio and Philip J. DeBlasio, Jr., as of November 2, 2010,
as follows:
Balance $33,756.93
Interest (through 11 /2/ 10) $914.03
Costs of Suit (estimated) $250.00
Attorney Fees $3,375.69
Total: $38,296.65*
*Plus interest per diem at $4.16, along with additional costs and fees incurred, until paid in
full.
~'~ 033 ~~
~~~# rasa ~3 u
Date: lZ~~ %~'`~V
Respectfully submitted:
MARTSON LAW OFFICES
By: ~~~ ~
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney LD. No. 203046
MARTSON DEARDORFF WII,LIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717)243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT : IN THE COURT OF COMMON PLEAS OF
UNION, :CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v. .
NO. 2010 - "'~~ u ~ CIVIL TERM
TRACY A. DeBLASIO and /
PHII,IP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
`; COMPLAINT FOR CONFESSION OF JUDGMENT
Cornerstone Federal Credit Union, by and through its undersigned counsel, hereby files this
Complaint for Confession of Judgment pursuant to Pa. R.C.P. Rule 2951 et seq. and in support
thereof, avers the following:
1. Plaintiff, Cornerstone Federal Credit Union, ("Plaintiff') is a federally chartered
credit union located at 5 East Gate Drive, Carlisle, Pennsylvania 17013.
2. Defendants, Tracy A. DeBlasio and Philip J. DeBlasio, Jr., are adult individuals
residing at 99 Pine Creek Drive, Carlisle, Cumberland County, Pennsylvania.
3. Defendants conduct business as Reliable Building Services.
4. On January 8, 2008, Defendants, doing business as Reliable Building Services,
entered into certain loan documents, including a Promissory Note ("Note"), with Plaintiff to borrow
$35,000.00, and agreed to, among other things, make monthly payments of $554.35. A true and
correct copy of the executed Note is attached hereto as Exhibit "A" and is incorporated herein by
reference.
5. On January 8, 2008, Defendants Tracy A. DeBlasio and Philip J. DeBlasio, Jr.,
executed Guaranty and Suretyship Agreements ("Guazanties") and agreed to, among other things,
guarantee full payment and satisfaction of all of Reliable Building Services' indebtedness to
Plaintiff. True and correct copies of the Guazanties aze attached hereto as Exhibits "B" and aze
incorporated herein by reference.
6. Defendants, doing business as Reliable Building Services, failed to make its payments
on the Note when due.
7. As of November 2, 2010, the unpaid principal balance on the Note was $33,756.93.
8. Defendants have defaulted under the Note and Guazanties by and including, but not
limited to, allowing a material adverse change in their financial condition, and failing to make
payments as required under the Note and Guaranties (collectively the "Events of Default").
9. The Note and Guaranties provide that Plaintiff, after the Events of Default have
occurred, may confess judgment against Defendants for all sums due and owing thereunder.
10. The total sum due and owing under the Note and Guaranties from Defendants as of
November 2, 2010, is itemized as follows:
Balance $33,756.93
Interest (through 11/2/10) $914.03
Costs of Suit (estimated) $250.00
Attorney Fees $3,375.69
Total: $38,Z96.65*
*Plus interest per diem at $4.16, along with additional costs and fees incurred, until
paid in full.
11. All conditions precedent have been satisfied to allow Plaintiffto confess judgment
against Defendants Tracy A. DeBlasio and Philip J. DeBlasio, Jr., under the Guaranties.
12. Judgment has not been confessed against Defendants in any other jurisdiction under
the Note and Guaranties.
13. Plaintiff is the holder of the Note and Guaranties.
14. The Note and Guaranties were executed and delivered in connection with a
commercial transaction, and judgment is not being entered by confession against a natural person
in connection with a consumer credit transaction.
15. The Note and Guazanties have not been assigned.
WHEREFORE, Plaintiff, Cornerstone Federal Credit Union, requests that this Court enter
judgment by confession against Defendants, Tracy A. DeBlasio and Philip J. DeBlasio, Jr., in the
amount of $38,296.65 plus interest at the rate of $4.16 per diem, and additional fees and costs as
prayed for in the Complaint.
Respectfully submitted,
MARTSON LAW OFFICES
By; ~~r~i ~ ~--'
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
10 East High Street
Cazlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
Date: ~2_ r 3~~0
EXHIBIT "A"
1'
BORROWER NAME AND ADDRESS LENDER NAME AND ADDRESS LOAN DESCRIPTION
Ral yahlo Buildir7g Savlaee arnasba'le Et3$31 Ct811t U'lirn pl!/„~ o
'Racy A. DAD P. O. Bcx 1181 Number tXl
131i.1ip J. I~lasio, Jr. 5 ix. Aroautts 35,mn m
P. O. 13cx 56 ('].isle, Pa 17013 Data 1 898
Erma, l8 17025
'fie attad~ed nai 1 im a3~e~ses
^ Refu m the attached Signawre Addendum. incorporated herein, fa addiUOnal Bo[rowera and their s(gnatures.
COMMERCIAL PROMISSORY NOTE
DATE. The date of this Promissory Note (Note) is _ T~aaanr Ra ~YIR
GOVERNING AGREEMENT. This Note is further governed by the Commercial Lunn Agreement between Lender and Bortower dated (~__
as modified, amended, or supplemental. All definitions of terms in the Commercial Loan Agreement apply to this Nnte as well. Upon exa:ut o thts olP~te, Borrower
represen[s tha[ Borrower has reviewed and is in compliance with all Loan Daurrtents and the Curnmereial Loan Agreement.
PROMISE TO PAY. For value received, Borrowu pramisa to pay Lender a Lendu•s order, u Lettder•a sddroa,~ S ~j ~a~ (Principaq.
^ S (Priceipaq ar the Borrowing Base, whkhwu b kn.
^ Single Advance. Borrowu will taxeive all of this Principal in orw advance. No additiaal advaoca sae rbrtletnplated under tlris Note.
MWtlola Adraaaa. Th n ' d amount ateted above is the maximum amount of Principal thu Borrowu may barrow under this Nae. Oo ~B
Bormwu will receive S and fltturo advances are a
~~_ cootanplated. The rnnditiaa for futuro advaaaa arc atemd in the Cammerciai Lan Agmarcm,
IPfPERFBT. Botrowu to iutueu a the outatandi Prim balance of thin Nate u the rate of t ear until
v.rLW. Rate. '11~Y~ ~ .0232876 Lhily Palpdie E*~e
7.258 lr>c~f 1~ 1.25614~gin a3i3d ~ lrl~t 8,56 AI1~AL 1~9[$ RsiLE
9Be Attactled I]lscloetue - V~iahle Rye
Pat Matarity/Detwh IMareal. Barrowu agreaa to pay inkrwt on the unpaid balance of thin Note owing aRer
PAYM>>T1T. Borrowu arras to oav Chia Nan
~Y I allt~tnt is $554.35
See Atrdd7BC11}iwlrmm~ _ p~g~
nu Q.ymmt. roan a tonne m umtea ~tata dollata. Baca ymatt Barowu makes a this Nee wB- be applied feat m nay cArYaa BgtosrQ own ahu thou Ptiocipat
end rntmal, the to intereu that is due, and ffrlly to Prlac~il that U da. U Lender and Borttrwar agree m a dilfaeat appBcatioa of paymatu, that appUcation wiU be
described a thin Nee. The actual emotmt o[ Borrowu'a fwl paymau wiU depwtd ups Borrowa'a p.ymwtt record.
USE OF PROCEEDS: I~I>~t~~t~t E113$IE~ I~1
WAIVERS AND CONSENT. Barrowu waives praeat, pmantrant fa payment, demand and notieea of acceltxetion, intent to atxxauata, and dtshomr (i[ allowed by law).
I~ ADDITIONAL TERMS. chi ~~~ ~ PL~-3t~c Iiffie
~ WARRANT OF AUTHORITY TO CONFFBS .IUDC.1146NT. Ups ddYWt, in addilloa q atl olha• ttrntedlee rated t1BIW tatr~6b b Lm~r. by
alt~t Wow Borrowa~ kro~oabiy ttol6orha toe pRelirt~. clack K ri41 to i~ ataF aamt dirraad htrit{ ~Igr~tlpe
over liia n~pu nail to ooto~s Jadisn~t ttFtlrp Dofrewe ~t ~ tlnM wMlM~t atq e[ iLelratt~wK wrlrar Mtlp, Ntnits o[
and prsas. Borrower yfeeg rand atida~ thW jndpeat ~ tbg eoalYaesd geMst Betn+ettrer hr ~q' araYed
and aea'ed titatBn dae a thin Note, phn allectlon eaeta d awwr6le ' lbee 4 M LS pwrMt a[ tilt ~1tis art+ebo a[ the
to adw Jndpat wW not ~ Wh warra.e.r.wodq b oioBiK~ ~ nttrl Ming eAno ~ I..dar ebaa. Boerora•
eriaebede that Borrower a propteetF mq ho trdaet t prclor to <w~f' tie igit awed. Bertfaner
ani wdw aq ud aN aaet~tlo~l riRhb Bonrooer hae to peadepairatbn nestles and htrarhq under lWertal aid irate
[Wry' nndtatytud the ooneegomeee a[ tlde wtdver.
By signing itatffidietely below, I agree to the terms of the CONFESSION OF JUDGMENT station.
Signalw~e Stgnature
SIGNATURES. By signing below, Borrower agrees to the terms contained in this Note. Borrower also acknowledges receipt of a copy of this Nee.
BOBAOWE&
Ace
Fruity N
`~0'~U
Signature q}~,Y D~
~'$'
Sigoattue J, , JY. Date
LENDER:
ozz88trne Ft~al ~ed1t Uflirn
EnWy Name
rsrwty name
Signature
Date
Stgnature Date
Sigsatue bate
Date
VUP'~eankara PR01118ryOtaY NOTE•PA COaa4alOlEiA ria/e007
wont. tcw.r euwo. o aoo[, sour - - ro usadr r~ t.aoo.aaa-ato tarrc vat txoa(PA~(eraeaoo
_ _ _ .--... --_.. _ _._ t
Disciosure Attachment -Loan Number 24117-99 Dated January 8 2008
Payment Diacioaure
You will be required to make monthly payments within 45 if making your initial loan
advance. Your paymart will be set to repay the balance based on the maxiumu allowable
advance, at the current annual percentage rate, within the payoff period listed below.
Your payment may also change if the annual pexcartage rate increases. A change in the
annual percentage rate can cause the balance to be repaid more quickly or more slowly.
We will check your plan every year to determine the effect of any annual percentage rate
increase has had on your payment. If the annual percentage rato has increased so much
that your payment is not sufficient to repay the balance within the pay offperiod, we will
adjust your paymart to repay the balance within the original payoff period. Each time the
annual percentage rate increases, we will check to see if the payment is sufficient to pay
the interest that is due. If not, wo will ineroeae your payment by the amount necessary to
repay the balance at the new annual percentage rate within the original payoff period.
Your payment will include any amounts past due and any amount by which you have
exceeded your credit limit and all other charges.
The payoff period is as follows:
Rage of Balance Payoff Period
$1.00 to $35,000.00 84 Monthly Paymarts
Variable Rate
Rate catx change on the l a day of each month. There is no limit on the amount by which
the :Annual Percentages Rate can change during any one year period. The monthly rate is
determined based on the Prime Rate as published in the Wail Street Journa110 days prior
to each month epd'(Index) p1us;I.25%. Where more than one rate is published, the
higher rata wi1l~~nstit}to the indelt rate. The rates are subjext to change on the first day
of each ~toitth"t~,r~hes~t an }neresae in the rate. The rate will never be greater thatn the
maximum intesrest raga ceiling~stablished. for federally chartered credit unions (currently
18%) with an interest rate.floor not lower than 7%.
Periodic tq a Det~rmin,,,~tion ; +~,
To determine the periodic rate that will~apply to your account, we: add a margin, as
disclosed above, to the value of the Index then we divide this sum by the number of days
in a year (365). To obtain the annual percartage rate, we will multiply the periodic rate
by the number of days in a year (365),. This result is the annual percentage rate.
EXHIBIT "B"
*See Attaci~c1 nailing xis
GUARANTY AND SURETYSHIP AGREEMENT
THIS GUARANTY AND SURETYSHIP AGREEMENT (this "Guaranty") is made
and entered into as of this 8th day of January, 2008, by Tracy A. Deblasio (the
"Guarantor"), with an address at P. O. Box 56 Enola, Pa 17025, in consideration of the
extension of credit by Cornerstone Federal Credit Union, (the "Credit Union"), with an
address at 5 Eastgate Drive, Carlisle, Pennsylvania, 17013, to Reliable Building Services
(the "Borrower"}, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged.
1. Guaranty of Obligations. The Guarantor hereby guarantees, and becomes
surety for, the prompt payment and performance of all loans, advances, debts, liabilities,
obligations, covenants and duties owing by the Borrower to the Credit Union or to any
other direct or indirect subsidiary of Cornerstone Federal Credit Union, of any kind or
nature, present or future (including any interest accruing thereon after maturity, or after
the filing of any petition in bankruptcy or the commencement of any insolvency,
reorganization or like proceeding relating to the Borrower whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding) whether or not
evidenced by any note, guaranty or other instrument, whether arising under any
agreement, instrument or document, whether or not for the payment of money, whether
arising by reason of an extension of credit, opening of a letter of credit, loan, equipment
lease or guarantee, under any interest or currency swap, future, option or other interest
rate protection or similar agreement, or in any other manner, whether arising out of
overdrafts on deposit or other accounts or electronic funds transfers (whether through
automated clearing houses or otherwise) or out of the Credit Union's non-receipt of or
inability to collect funds or otherwise not being made whole in connection with
depository transfer check or other similar arrangements, whether direct or indirect
{including those acquired by assignment or participation), absolute or contingent, joint or
several, due or to become due, now existing or hereafter arising, and any amendments,
extensions, renewals or increases and all costs and expenses of the Credit Union incurred
in the documentation, negotiation, modification, enforcement, collection or otherwise in
connection with any of the foregoing, including reasonable attorneys' fees and expenses
(hereinafter referred to collectively as the "Obligations"). If the Borrower defaults under
any such Obligations, the Guarantor will pay the amount due to the Credit Union.
2. Nature of Guaranty Waivers. This is a guaranty of payment and not
of collection and the Credit Union shall not be required, as a condition of the Guarantor's
liability, to make any demand upon or to pursue any of its rights against the Borrower, or
to pursue any rights which maybe available to it with respect to any other person who
maybe liable for the payment of the Obligations.
This is an absolute, unconditional, irrevocable and continuing guaranty and will remain in
full force and effect until all of the Obligations have been indefeasibly paid in full, and
the Credit Union has terminated this Guaranty. This Guaranty will remain in full force
and effect even if there is no principal balance outstanding under the Obligations at a
particular time or from time to time. This Guaranty will not be affected by any surrender,
exchange, acceptance, compromise or release by the Credit Union of any other party, or
any other guaranty or any security held by it for any of the Obligations, by any failure of
the Credit Union to take any steps to perfect or maintain its lien or security interest in or
to preserve its rights to any security or other collateral for any of the Obligations or any
guaranty, or by any irregularity , unenforceability or invalidity of any of the Obligations
or any part thereof or any security or other guaranty thereof. The Guarantor's obligations
hereunder shall not be affected, modified or impaired by any counterclaim, set-off,
deduction or defense based upon any claim the Guarantor may have against the Borrower
or the Credit Union, except payment or performance of the Obligations.
Notice of acceptance of this Guaranty, notice of extensions of credit to the Borrower
from time to time, notice of default, diligence, presentment, notice of dishonor, protest,
demand for payment, and any defense based upon the Bank's failure to comply with the
notice requirements of the applicable version of Uniform Commercial Code . § 9-504 are
hereby waived. The Guarantor waives all defenses based on suretyship or impairment of
collateral.
The Credit Union at any time and from time to time, without notice to or the consent of
the Guarantor, and without impairing or releasing, discharging or modifying the
Guarantor's liabilities hereunder, may (s) change the manner, place, time or terms of
payment or performance of or interest rates on, or other terms relating to, any of the
Obligations; (b) renew, substitute, modify, amend or alter, or grant consents or waivers
relating to any of the Obligations, any other guaranties, or any security for any
Obligations or guaranties; (c) apply any and all payments by whomever paid or however
realized including any proceeds of any collateral, to any Obligations of the Borrower in
such order, manner and amount s the Credit Union may determine in its sole discretion;
(d) settle, compromise or deal with any other person, including the Borrower or the
Guarantor, with respect to any Obligations in such manner as the Credit Union deems
appropriate in its sole discretion; (e) substitute, exchange or release any security or
guaranty; or (f) take such actions and exercise such remedies hereunder as provided
herein.
3. Renayments or Recovery from the Credit Union. If any demand is made at
any time upon the Credit Union for the repayment or recovery of any amount received by
it in payment or on account of any of the Obligations and if the Credit Union repays all or
any part of such amount by reason of any judgement, decree or order of any court or
administrative body or by reason of any settlement or compromise of any such demand,
the Guarantor will be and remain liable hereunder for the amount so repaid or recovered
to the same extent as if such amount had never been received originally by the Credit
Union. The provisions of this section will be and remain effective notwithstanding any
contrary action which may have been taken by the Guarantor in reliance upon such
payment, and any such contrary action so taken will be without prejudice to the Credit
Union's rights hereunder and will be deemed to have been conditioned upon such
payment having become final and irrevocable.
4. Financial Statements. Unless compliance is waived in writing by the Credit
Union until all of the Obligations have been paid in full, the Guarantor will promptly
submit to the Credit Union such information relating to the Guarantor's affairs (including
but not limited to annual financial statements and tax returns for the Guarantor) or any
security for the Guaranty as the Credit Union may reasonable request.
5. Enforceability of Obligations. No modification, limitation or discharge of
the Obligations arising out of or by virtue of any bankruptcy, reorganization or similar
proceeding for relief of debtors under federal or state law will affect, modify, limit or
discharge the Guarantor's liability in any manner whatsoever and this Guaranty will
remain and continue in full force and effect and will be enforceable against the Guarantor
to the same extent and with the same force and effect as if any such proceeding had not
been instituted. The Guarantor waives all rights and benefits which might accrue to it by
reason of any such proceeding and will be liable to the full extent hereunder, irrespective
of any modification, limitation or discharge of the liability of the Borrower that may
result from any such proceeding.
6. Events of Default. The occurrence of any of the following shall be an
"Event of Default". (i) any Event of Default (as defined in any of the Obligations); (ii)
any default under any of the Obligations that does not have a defined set of "Events of
Default" and the lapse of any notice or cure period provided in such Obligations with
respect to such default; (iii) demand by the Credit Union under any of the Obligations
that have a demand feature; (iv) the Guarantor's failure to perform any of its obligations
hereunder; (v) the falsity, inaccuracy or material breach by the Guarantor of any written
warranty, representation or statement made or furnished to the Credit Union by or on
behalf of the Guarantor; or (vi) the termination or attempted termination of this Guaranty
upon the occurrence of any Event of Default, (a) the Guarantor shall pay to the Credit
Union the amount of the Obligations; or (b) on demand of the Credit Union, the
Guarantor shall immediately deposit with the Credit Union, in U.S. dollars, all amounts
due or to become due under the Obligations and the Credit Union may at any time use
such funds to repay the Obligations; or (c) the Credit Union in its discretion may exercise
with respect to any collateral any one or more of the rights and remedies provided a
secured party under the applicable version of the Uniform Commercial Code; or (d) the
Credit Union in its discretion may exercise from time to time any other rights and
remedies available to it at law, in equity or otherwise.
7. Right of Setoff. In addition to all liens upon and rights of setoff against the
Guarantor's money, securities or other property given to the Credit Union by law, the
Credit Union shall have with respect tot the Guarantor's obligations to the Credit Union
under this Guaranty and to the extent permitted by law, a contractual possessory security
interest in and a contractual right of setoff against, and the Guarantor hereby assigns,
conveys, delivers, pledges and transfers to the Credit Union all of the Guarantor's right,
title and interest in and to, all of the Guarantor's deposits, moneys, securities and other
property now or hereafter in the possession of or on deposit with, or in transit to the
Credit Union or any other direct or indirect subsidiary of Cornerstone Federal Credit
Union, whether held in a general or special account or deposit, whether held jointly with
someone else, or whether held for safekeeping or otherwise, excluding, however, all IRA,
Keogh, and trust accounts. Every such security interest and right of setoff maybe
exercised without demand upon or notice to the Guarantor. Every such right of setoff
shall be deemed to have been exercised immediately upon the occurrence of an Event of
Default hereunder without any action of the Credit Union, although the Credit Union may
enter such setoff on its books and records at a later time.
8. Collateral. This Guaranty is secured by the property described in any
collateral security documents which the Guarantor executes and delivers to the Credit
Union and by such other collateral as previously may have been or may in the future be
granted to the Credit Union to secure any obligations of the Guarantor to the Bank.
9. Costs. To the extent that the Credit Union incurs any costs or expenses in
protecting or enforcing its rights under the Obligations or this Guaranty, including
reasonable attorneys; fees and the costs and expenses of litigation, such costs and
expenses will be due on demand, will be included in the Obligations and will bear interest
from the incurring or payment thereof at the Default Rate (as defined in any of the
Obligations).
10. Postponement of Subrosation. Until the Obligations are indefeasibly paid in
full, the Guarantor postpones and subordinates in favor of the Credit Union any and all
rights which the Guarantor may have to (a) assert any claim against the Borrower based
on subrogation rights with respect to payments made hereunder, and (b) any realization
on any property of the Borrower, including participation in any marshalling of the
Borrower's assets.
11. Power to Confess Juds~rtent
The Guarantor hereby empowers any attorney of any court of record,
after the occurrence of any Event of Default hereunder, to appear for the
Guarantor and, with or without complaint filed, confess judgment, or a series of
judgments, against the Guarantor in favor of the Credit Union for the amount of the
Obligations and an attorney's commission of the greater of 10% of such principal
and interest or $1,000 added as a reasonable attorney's fee, and far doing so this
Guaranty or a copy verified by affidavit shall be a sufficient warrant. The
Guarantor hereby forever waives and releases all errors in said proceedings and all
rights of appeal and all relief from any and all appraisement, stay or exemption laws
of any state now in force or hereafter enacted.
No single exercise of the foregoing power to confess judgment, or a series of
judgments, shall be deemed to exhaust the power, whether or not any such exercise
shall be held by any court to be invalid, voidable, or void, but the power shall
continue undiminished and it may be exercised from time to time as often as the
Credit Union shall elect until such time as the Credit Union shall have received
payment in full of the Obligations and costs. Notwithstanding the attorney's
commission provided for in the preceding paragraph (which is included in the
warrant for purposes of establishing a sum certain), the amount of attorney's fees
that the Credit Union may recover from the Guarantor shall not exceed the actual
attorney's fees incurred by the Credit Union.
12. Notices. All notices, demands, requests, consents, approvals and other
communications required or permitted hereunder must be in writing and will be effective
upon receipt. Such notices and other communications may behand-delivered, sent by
facsimile transmission with confirmation of delivery and a copy sent by first-class mail,
or sent by nationally recognized overnight courier service, to the addresses for the Credit
Union and the Guarantor set forth above or to such other address as one may give to the
other in writing for such purpose.
13. Preservation of Rights. No delay or omission on the Credit Union's part to
exercise any right or power arising hereunder will impair any such right or power to be
considered a waiver of any such right or power, nor will the Bank's action or inaction
impair any such right or power. The Credit Union's rights and remedies hereunder aze
cumulative and not exclusive of any other rights or remedies which the Credit Union may
have under other agreements, at law or in equity. The Credit Union may proceed in any
order against the Borrower, the Guarantor or any other obligor of, or collateral securing,
the Obligations.
14. Ille ali In case any one or more of the provisions contained in this
Guaranty should be invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of the remaining provisions contained herein shall not in any way be
affected or impaired thereby.
15. Changes in Writing. No modification, amendment or waiver of any
provision of this Guaaanty nor consent to any departure by the Guarantor therefrom will
be effective unless made in writing signed by the Credit Union, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on the Guazantor in any case will entitle the Guarantor to
any other or further notice or demand in the same, similaz or other circumstance.
16. Entire Agreement. This Guaranty (including the documents and
instruments referred to herein) constitutes the entire agreement and supersedes all other
prior agreements and understandings, both written and oral, between the Guazantor and
the Bank with respect to the subject matter hereof; provided, however, that this Guaranty
is in addition to and not in substitution for, any other guarantees from the Guarantor to
the Credit Union.
17. Successors and Assigns. This Guaranty will be binding upon and inure to
the benefit of the Guarantor and the Credit Union and their respective heirs, executors,
administrators, successors and assigns; provided, however, that the Guarantor may not
assign this Guaranty in whole or in part without the Credit Union's prior written consent
and the Credit Union at any time may assign this Guaranty in whole or in part.
18. Interuretation. In this Guaranty, unless the Credit Union and the Guarantor
otherwise agree in writing, the singular includes the plural and the plural the singular;
references to statutes are to be construed as including all statutory provisions
consolidating, amending or replacing the statute referred to; the word "or" shall be
deemed to include "and/or", the words "including" "includes" and "include" shall be
deemed to be followed by the words "without limitation"; and references to sections or
exhibits are to those of this Guaranty unless otherwise indicated Section headings in this
Guaranty are included for convenience of reference only and shall not constitute a part of
this Guaranty for any other purpose. If this Guaranty is executed by more than one party
as Guarantor, the Obligations of such persons or entities will be joint and several.
19. Indemnity. The Guarantor agrees to indemnify the Credit Union, its
directors, officers and employees and each legal entity, if any, who controls the Credit
Union (the "Indemnified Parties") and to hold each Indemnified party harmless from
and against any and all claims, damages, losses, liabilities and expenses (including all
fees and charges of internal or external counsel with whom any Indemnified Party may
consult and all expenses of litigation or preparation therefor) which any Indemnified
Farty may incur or which maybe asserted against any Indemnified Party as a result of the
execution of or performance under this Guaranty, provided, however, that the foregoing
indemnity agreement shall not apply to claims, damages, losses, liabilities and expenses
solely attributable to an Indemnified Party's gross negligence or willful misconduct. The
indemnity agreement contained in this Section shall survive the termination of this
Guaranty. The Guarantor may participate at its expense in the defense of any such claim.
20. Governing Law and Jurisdiction. This Guaranty has been delivered to and
accepted by the Credit Union and will be deemed to be made in the State where the
Credit Union's office indicated above is located. This Guaranty will be interpreted
and the rights and liabilities of the Credit Union and the Guarantor determined in
accordance with the Laws of the State where the Credit Union's office indicated
above is located, excluding its conflict of laws rules. The Guarantor hereby irrevocably
consents to the exclusive jurisdiction of any state or federal court in the county or judicial
district where the Credit Union's office indicated above is located; provided that nothing
contained in this Guaranty will prevent the Credit Union from bringing any action,
enforcing any award or judgment or exercising any rights against the Guarantor
individually, against any security or against any property of the Guarantor within any
other county, state or other foreign or domestic jurisdiction. The Guarantor
acknowledges and agrees that the venue provided above is the most convenient forum for
both the Credit Union and the Guarantor. The Guarantor waives any objection to venue
and any objection based on a more convenient forum in any action instituted under this
Guaranty.
21. Waiver of Jurv Trial. The Guarantor is not an "applicant for credit" under
Section 202.2 (e) of the Equal Credit Opportunity Act of 1974 ("ECOA"), the Guarantor
acknowledges that (I) this Guaranty has been executed to provide credit support for the
Obligations, and (ii) the Guarantor was not required to execute this Guaranty in violation
of Section 202.7(d) of the ECOA.
22. Waiver of Jury Trial. The Guarantor irrevocably waives any and all
right the Guarantor may have to a trial by jury in any action, proceeding or claim
of any nature relating to this Guaranty, any documents executed in connection with
this Guaranty or any transaction contemplated in any of such documents. The
Guarantor acknowledges that the foregoing waiver is knowing and voluntary.
The Guarantor acknowledges that it has read and understood all the provisions of this
Guaranty, including the confession of judgment and waiver of jury trial, and has been
advised by counsel as necessary or appropriate.
The undersigned hereby certified that it's annual income exceeds $10,000; that all
references to "the undersigned" above refer to all persons and entities signing below; and
that the undersigned received a copy hereof at the time of signing.
WITNESS the due execution hereof as a document under seal, as of the date first
written above, with the intent to be legally bound hereby.
WITNESS
Print Name
,. .,
Tracy A. D lasio
Print Name
Print Name
Account No..~ ~~ ~ ~ `- 7 1
Reli~le ~.rildir~g Servia~
~-Y A. ~hlasio
Philip J. L~alasio, Jr.
P. O. F.~x 56
F]xala, Pa 17025
'Tracy A. Ikblasio
1~lilip J. Dd~l~sio, Jr.
99 Piro Cct~c Dri~2
Carlisle, Fa 17013
- *~.yee Att:ad~d tai 1 im
GUARANTY AND SURETYSHIP AGREEMENT
THIS GUARANTY AND SURETYSHIP AGREEMENT (this "Guaranty") is made
and entered into as of this 8~h day of January, 2008, by Philip J. Deblasio, Jr. (the
"Guarantor"), with an address at P. O. Box 56 Enola, Pa 17025, in consideration of the
extension of credit by Cornerstone Federal Credit Union, (the "Credit Union"), with an
address at 5 Eastgate Drive, Carlisle, Pennsylvania, 17013, to Reliable Building Services
(the "Borrower"), and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged.
1. Guaranty of Oblisations. The Guarantor hereby guarantees, and becomes
surety for, the prompt payment and performance of all loans, advances, debts, liabilities,
obligations, covenants and duties owing by the Borrower to the Credit Union or to any
other direct or indirect subsidiary of Cornerstone Federal Credit Union, of any kind or
nature, present or future (including any interest accruing thereon after maturity, or after
the filing of any petition in bankruptcy or the commencement of any insolvency,
reorganization or like proceeding relating to the Borrower whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding) whether or not
evidenced by any note, guaranty or other instrument, whether arising under any
agreement,. instrument or document, whether or not for the payment of money, whether
arising by reason of an extension of credit, opening of a letter of credit, loan, equipment
lease or guarantee, under any interest or currency swap, future, option or other interest
rate protection or similar agreement, or in any other manner, whether arising out of
overdrafts on deposit or other accounts or electronic funds transfers (whether through
automated clearing houses or otherwise) or out of the Credit Union's non-receipt of or
inability to collect funds or otherwise not being made whole in connection with
depository transfer check or other similar arrangements, whether direct or indirect
(including those acquired by assignment or participation), absolute or contingent, joint or
several, due or to become due, now existing or hereafter arising, and any amendments,
extensions, renewals or increases and all costs and expenses of the Credit Union incurred
in the documentation, negotiation, modification, enforcement, collection or otherwise in
connection with any of the foregoing, including reasonable attorneys' fees and expenses
(hereinafter referred to collectively as the "Obligations"). If the Borrower defaults under
any such Obligations, the Guarantor will pay the amount due to the Credit Union.
2. Nature of Guaranty Waivers. This is a guaranty of payment and not
of collection and the Credit Union shall not be required, as a condition of the Guarantor's
liability, to make any demand upon or to pursue any of its rights against the Borrower, or
to pursue any rights which maybe available to it with respect to any other person who
maybe liable for the payment of the Obligations.
'This is an absolute, unconditional, irrevocable and continuing guaranty and will remain in
full force and effect until all of the Obligations have been indefeasibly paid in full, and
the Credit Union has terminated this Guaranty. This Guaranty will remain in full force
and effect even if there is no principal balance outstanding under the Obligations at a
particular time or from time to time. This Guaranty will not be affected by any surrender,
exchange, acceptance, compromise or release by the Credit Union of any other party, or
any other guazanty or any security held by it for any of the Obligations, by any failure of
the Credit Union to take any steps to perfect or maintain its lien or security interest in or
to preserve its rights to any security or other collateral for any of the Obligations or any
guaranty, or by any irregularity , unenforceability or invalidity of any of the Obligations
or any part thereof or any security or other guaranty thereof. The Guarantor's obligations
hereunder shall not be affected, modified or impaired by any counterclaim, set-off,
deduction or defense based upon any claim the Guarantor may have against the Borrower
or the Credit Union, except payment or performance of the Obligations.
Notice of acceptance of this Guaranty, notice of extensions of credit to the Borrower
from time to time, notice of default, diligence, presentment, notice of dishonor, protest,
demand for payment, and any defense based upon the Bank's failure to comply with the
notice requirements of the applicable version of Uniform Commercial Code .§ 9-504 are
hereby waived. The Guarantor waives all defenses based on suretyship or impairment of
collateral.
The Credit Union at any time and from time to time, without notice to or the consent of
the Guarantor, and without impairing or releasing, discharging or modifying the
Guarantor's liabilities hereunder, may (s) change the manner, place, time or terms of
payment or performance of or interest rates on, or other terms relating to, any of the
Obligations; (b) renew, substitute, modify, amend or alter, or grant consents or waivers
relating to any of the Obligations, any other guaranties, or any security for any
Obligations or guaranties; (c) apply any and alI payments by whomever paid or however
realized including any proceeds of any collateral, to any Obligations of the Borrower in
such order, manner and amount s the Credit Union may determine in its sole discretion;
(d) settle, compromise or deal with any other person, including the Borrower or the
Guarantor, with respect to any Obligations in such manner as the Credit Union deems
appropriate in its sole discretion; (e) substitute, exchange or release any security or
guaranty; or (f) take such actions and exercise such remedies hereunder as provided
herein.
3. Repayments or Recovery from the Credit Union. If any demand is made at
any time upon the Credit Union for the repayment or recovery of any amount received by
it in payment or on account of any of the Obligations and if the Credit Union repays all or
any part of such amount by reason of any judgement, decree or order of any court or
administrative body or by reason of any settlement or compromise of any such demand,
the Guarantor will be and remain liable hereunder for the amount so repaid or recovered
to the same extent as if such amount had never been received originally by the Credit
Union. The provisions of this section will be and remain effective notwithstanding any
contrary action which may have been taken by the Guarantor in reliance upon such
payment, and any such contrary action so taken will be without prejudice to the Credit
Union's rights hereunder and will be deemed to have been conditioned upon such
payment having become final and irrevocable.
4. Financial Statements. Unless compliance is waived in writing by the Credit
Union until all of the Obligations have been paid in full, the Guarantor will promptly
submit to the Credit Union such information relating to the Guarantor's affairs (including
but not limited to annual financial statements and tax returns for the Guarantor) or any
security for the Guaranty as the Credit Union may reasonable request.
5. Enforceability of Obligations. No modification, limitation or discharge of
the Obligations arising out of or by virtue of any bankruptcy, reorganization or similar
proceeding for relief of debtors under federal or state law will affect, modify, limit or
discharge the Guarantor's liability in any manner whatsoever and this Guaranty will
remain and continue in full force and effect and will be enforceable against the Guarantor
to the same extent and with the same force and effect as if any such proceeding had not
been instituted. The Guarantor waives all rights and benefits which might accrue to it by
reason of any such proceeding and will be liable to the full extent hereunder, irrespective
of any modification, limitation or discharge of the liability of the Borrower that may
result from any such proceeding.
6. Events of Default. The occurrence of any of the following shall be an
"Event of Default". (i) any Event of Default (as defined in any of the Obligations); (ii)
any default under any of the Obligations that does not have a defined set of "Events of
Default" and the lapse of any notice or cure period provided in such Obligations with
respect to such default; (iii) demand by the Credit Union under any of the Obligations
that have a demand feature; (iv) the Guarantor's failure to perform any of its obligations
hereunder; (v) the falsity, inaccuracy or material breach by the Guarantor of any written
warranty, representation or statement made or furnished to the Credit Union by or on
behalf of the Guarantor; or (vi) the termination or attempted termination of this Guaranty
upon the occurrence of any Event of Default, (a) the Guarantor shall pay to the Credit
Union the amount of the Obligations; or (b) on demand of the Credit Union, the
Guarantor shall immediately deposit with the Credit Union, in U.S. dollars, all amounts
due or to become due under the Obligations and the Credit Union may at any time use
such funds to repay the Obligations; or (c) the Credit Union in its discretion may exercise
with respect to any collateral any one or more of the rights and remedies provided a
secured party under the applicable version of the Uniform Commercial Code; or (d) the
Credit Union in its discretion may exercise from time to time any other rights and
remedies available to it at law, in equity or otherwise.
7. Risht of Setoff. In addition to all liens upon and rights of setoff against the
Guarantor's money, securities or other property given to the Credit Union by law, the
Credit Union shall have with respect tot the Guarantor's obligations to the Credit Union
under this Guaranty and to the extent permitted by law, a contractual possessory security
interest in and a contractual right of setoff against, and the Guarantor hereby assigns,
conveys, delivers, pledges and transfers to the Credit Union all of the Guarantor's right,
title and interest in and to, all of the Guarantor's deposits, moneys, securities and other
property now or hereafter in the possession of or on deposit with, or in transit to the
Credit Union or any other direct or indirect subsidiary of Cornerstone Federal Credit
Union, whether held in a general or special account or deposit, whether held jointly with
someone else, or whether held for safekeeping or otherwise, excluding, however, all IRA,
Keogh, and trust accounts. Every such security interest and right of setoff maybe
exercised without demand upon or notice to the Guarantor. Every such right of setoff
shall be deemed to have been exercised immediately upon the occurrence of an Event of
Default hereunder without any action of the Credit Union, although the Credit Union may
enter such setoff on its books and records at a later time.
8. Collateral. This Guaranty is secured by the property described in any
collateral security documents which the Guazantor executes and delivers to the Credit
Union and by such other collateral as previously may have been or may in the future be
granted to the Credit Union to secure any obligations of the Guarantor to the Bank.
9. Costs. To the extent that the Credit Union incurs any costs or expenses in
protecting or enforcing its rights under the Obligations or this Guaranty, including
reasonable attorneys; fees and the costs and expenses of litigation, such costs and
expenses will be due on demand, will be included in the Obligations and will bear interest
from the incurring or payment thereof at the Default Rate (as defined in any of the
Obligations).
10. Postaonement of Subrogation.. Until the Obligations are indefeasibly paid in
full, the Guarantor postpones and subordinates in favor of the Credit Union any and all
rights which the Guarantor may have to (a) assert any claim against the Borrower based
on subrogation rights with respect to payments made hereunder, and (b) any realization
on any property of the Borrower, including participation in any marshalling of the
Borrower's assets.
11. Power to Confess Judgment
The Guarantor hereby empowers any attorney of any court of record,
after the occurrence of any Event of Default hereunder, to appear for the
Guarantor and, with or without complaint filed, confess judgment, or a series of
judgments, against the Guarantor in favor of the Credit Union for the amount of the
Obligations and an attorney's commission of the greater of 10% of such principal
and interest or $1,000 added as a reasonable attorney's fee, and for doing so this
Guaranty or a copy verified by affidavit shall be a sufficient warrant. The
Guarantor hereby forever waives and releases all errors in said proceedings and all
rights of appeal and all relief from any and all appraisement, stay or exemption laws
of any state now in force or hereafter enacted.
No single exercise of the foregoing power to confess judgment, or a series of
judgments, shall be deemed to exhaust the power, whether or not any such exercise
shall be held by any court to be invalid, voidable, or void, but the power shall
continue undiminished and it may be exercised from time to time as often as the
Credit Union shall elect until such time as the Credit Union shall have received
payment in full of the Obligations and costs. Notwithstanding the attorney's
commission provided for in the preceding paragraph (which is included in the
warrant for purposes of establishing a sum certain), the amount of attorney's fees
that the Credit Union may recover from the Guarantor shall not exceed the actual
attorney's fees incurred by the Credit Union.
12. Notices. All notices, demands, requests, consents, approvals and other
communications required or permitted hereunder must be in writing and will be effective
upon receipt. Such notices and other communications may behand-delivered, sent by
facsimile transmission with confirmation of delivery and a copy sent by first-class snail,
or sent by nationally recognized overnight courier service, to the addresses for the Credit
Union and the Guarantor set forth above or to such other address as one may give to the
other in writing for such purpose.
13. Preservation of Rights. No delay or omission on the Credit Union's part to
exercise any right or power arising hereunder will impair any such right or power to be
considered a waiver of any such right or power, nor will the Bank's action or inaction
impair any such right or power. The Credit Union's rights and remedies hereunder are
cumulative and not exclusive of any other rights or remedies which the Credit Union may
have under other agreements, at law or in equity. The Credit Union may proceed in any
order against the Borrower, the Guarantor or any other obligor of, or collateral securing,
the Obligations.
14. Ille ali In case any one or more of the provisions contained in this
Guaranty should be invalid, illegal or unenforceable in any respect, the validity, legality
and enforceability of the remaining provisions contained herein shall not in any way be
affected or impaired thereby.
15. Changes in Writing. No modification, amendment or waiver of any
provision of this Guaranty nor consent to any departure by the Guarantor therefrom will
be effective unless made in writing signed by the Credit Union, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on the Guarantor in any case will entitle the Guarantor to
any other or further notice or demand in the same, similar or other circumstance.
16. Entire Agreement. This Guaranty (including the documents and
instruments referred to herein) constitutes the entire agreement and supersedes all other
prior agreements and understandings, both written and oral, between the Guarantor and
the Bank with respect to the subject matter hereof; provided, however, that this Guaranty
is in addition to and not in substitution for, any other guarantees from the Guarantor to
the Credit Union.
17. Successors and Assigns. This Guaranty will be binding upon and inure to
the benefit of the Guarantor and the Credit Union and their respective heirs, executors,
administrators, successors and assigns; provided, however, that the Guarantor may not
assign this Guaranty in whole or in part without the Credit Union's prior written consent
and the Credit Union at any time may assign this Guaranty in whole or in part.
18. Interpretation. In this Guaranty, unless the Credit Union and the Guarantor
otherwise agree in writing, the singular includes the plural and the plural the singular;
references to statutes are to be construed as including all statutory provisions
consolidating, amending or replacing the statute referred to; the word "or" shall be
deemed to include "and/or", the words "including" "includes" and "include" shall be
deemed to be followed by the words "without limitation"; and references to sections or
exhibits are to those of this Guaranty unless otherwise indicated Section headings in this
Guaranty are included for convenience of reference only and shall not constitute a part of
this Guaranty for any other purpose. If this Guaranty is executed by more than one parry
as Guarantor, the Obligations of such persons or entities will be joint and several.
19. Indemnity. The Guarantor agrees to indemnify the Credit Union, its
directors, officers and employees and each legal entity, if any, who controls the Credit
Union (the "Indemnified Parties") and to hold each Indemnified party harmless from
and against any and all claims, damages, losses, liabilities and expenses (including all
fees and charges of internal or external counsel with whom any Indemnified Party may
consult and all expenses of litigation or preparation therefor) which any Indemnified
Party may incur or which maybe asserted against any Indemnified Party as a result of the
execution of or performance under this Guaranty, provided, however, that the foregoing
indemnity agreement shall not apply to claims, damages, losses, liabilities and expenses
solely attributable to an Indemnified Party's gross negligence or willful misconduct. The
indemnity agreement contained in this Section shall survive the termination of this
Guaranty. The Guarantor may participate at its expense in the defense of any such claim.
20. Governing Law and Jurisdiction. This Guaranty has been delivered to and
accepted by the Credit Union and will be deemed to be made in the State where the
Credit Union's office indicated above is located. This Guaranty will be interpreted
and the rights and liabilities of the Credit Union and the Guarantor determined in
accordance with the Laws of the State where the Credit Union's office indicated
above is located, excluding its conflict of laws rules. The Guarantor hereby irrevocably
consents to the exclusive jurisdiction of any state or federal court in the county or judicial
district where the Credit Union's office indicated above is located; provided that nothing
contained in this Guaranty will prevent the Credit Union from bringing any action,
enforcing any award or judgment or exercising any rights against the Guarantor
individually, against any security or against any property of the Guarantor within any
other county, state or other foreign or domestic jurisdiction. The Guarantor
acknowledges and agrees that the venue provided above is the most convenient forum for
both the Credit Union and the Guarantor. The Guarantor waives any objection to venue
and any objection based on a more convenient forum in any action instituted under this
Guaranty.
21. Waiver of Jury Trial. The Guarantor is not an "applicant for credit" under
Section 202.2 (e) of the Equal Credit Opportunity Act of 1974 ("ECOA"), the Guarantor
acknowledges that (I) this Guaranty has been executed to provide credit support for the
Obligations, and (ii) the Guarantor was not required to execute this Guaranty in violation
of Section 202.7(d) of the ECOA.
22. Waiver of Jury Trial. The Guarantor irrevocably waives any and all
right the Guarantor may have to a trial by jury in any action, proceeding or claim
of any nature relating to this Guaranty, any documents executed in connection with
this Guaranty or any transaction contemplated in any of such documents. The
Guarantor acknowledges that the foregoing waiver is knowing and voluntary.
The Guarantor acknowledges that it has read and understood all the provisions of this
Guaranty, including the confession of judgment and waiver of jury trial, and has been
advised by counsel as necessary or appropriate.
The undersigned hereby certified that it's annual income exceeds $10,000; that all
references to "the undersigned" above refer to all persons and entities signing below; and
that the undersigned received a copy hereof at the tune of signing.
WITNESS the due execution hereof as a document under seal, as of the date first
written above, with the intent to be legally bound hereby.
WITNESS
~~~ ~. 7
~~ y ~ L7 Kli rr~/Z
Print Name
Print Name
Print Name
Account No. ~ `f~~7' `7~
tael.iable Building services
~acq A. Rio
F~i1i~ J. D~lasio, Jr.
P. O. Bic 56
F.2~ala, Pa 17025
Tracy A. D~alasi o
L~i].ip J. Ddalasio, Jr.
99 Pig C~~ Dive
Cdr] isle, Pa 17013
VERIFICATION
I, Roxane L. Kain, Director of Lending Services for Cornerstone Federal Credit Union,
acknowledge I have the authority to execute this Verification on behalf of Cornerstone Federal
Credit Union and certify that the foregoing Complaint for Confession of Judgment is based upon
information which has been gathered by my counsel in the preparation of the lawsuit. The
language of this document is that of counsel and not my own. I have read the document and to
the extent the Complaint for Confession of Judgment is based upon information which I have
given to my counsel, it is true and correct to the best of my knowledge, information and belief.
To the extent the content of the Complaint for Confession of Judgment is that of counsel, I have
relied upon counsel in making this Verification.
This statement and Verification are made subject to the penalties of 18 Pa. C.S. § 4904
relating to unsworn falsification to authorities, which provides that if I knowingly make false
averments, I may be subject to criminal penalties.
CORNERSTONE FEDERAL CREDIT UNION
By:
Roxane L. Kain, Director of Lending Services
,~
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT : IN THE COURT OF COMMON PLEAS OF
UNION, :CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v. .
NO. 2010 - ~ ~~p CIVIL TERM
TRACY A. DeBLASIO and
PHILIP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE .
BUILDING SERVICES,
Defendants .
NOTICES 1N CONNECTION WITH JUDGMENTS BY CONFESSION
REQUIRED BY 42 PA. C.S.A. §2737.1. (Act 105 of 2(100)
To: Defendants
PURSUANT TO 42 PA. C.S.A. SECTION 2737.1, IF YOU HAVE BEEN INCORRECTLY
IDENTIFIED AND HAD A CONFESSION OR JUDGMENT ENTERED AGAINST YOU,
YOU ARE ENTITLED TO COSTS AND REASONABLE ATTORNEY FEES AS
DETERMINED BY THE COURT.
INSTRUCTIONS REGARDING THE PROCEDURE TO STRIKE THE CONFESSED
JUDGMENT ARE SET FORTH BELOW:
Pennsylvania Rule of Civil Procedure 2959 -Striking Off Judgment
(a) (1) Relief from a judgment by confession shall be sought by petition. Except as provided in
subparagraph (2), all grounds for relief whether to strike off the judgment or to open it must be
asserted in a single petition. The petition may be filed in the county in which the judgment was
originally entered, in any county to which the judgment has been transferred or in any other county
in which the sheriff has received a writ of execution directed to the sheriffto enforce the judgment.
(2) The ground that the waiver of the due process rights of notice and hearing was not
voluntary, intelligent and knowing shall be raised only:
(i) in support of a further request for a stay of execution where the court has not
stayed execution despite the timely filing of a petition for relief from the judgment and the
presentation of prima facie evidence of a defense; and
(ii) as provided by Pennsylvania Rule of Civil Procedure 2958.3 or Rule 2973.3.
(3) If written notice is served upon the petitioner pursuant to Rule 2956.1(c}(2) or Rule
2973.1(c), the petition shall be filed within thirty days after such service. Unless the defendant can
demonstrate that there were compelling reasons for the delay, a petition not timely filed shall be
denied.
(b) If the petition states prima facie grounds for relief the court shall issue a rule to show cause and
may grant a stay of proceedings. After being served with a copy of the petition the plaintiffshall file
an answer on or before the return of the rule. The return day of the rule shall be fixed by the court
by local rule or special order.
(c) A party waives all defenses and objections which aze not included in the petition or answer.
(d) The petition and the rule to show cause and the answer shall be served as provided in Rule 440.
(e) The court shall dispose of the rule on petition and answer, and on any testimony, depositions,
admissions and other evidence. The court for cause shown may stay proceedings on the petition
insofar as it seeks to open the judgment pending disposition of the application to strike off the
judgment. If evidence is produced which in a jury trial would require the issues to be submitted to
the jury the court shall open the judgment.
(f) The lien of the judgment or of any levy or attachment shall be preserved while the proceedings
to strike off or open the judgment aze pending.
(g) (1) A judgment shall not be stricken or opened because of a creditor's failure to provide a
debtor with instructions imposed by an existing statute, if any, regazding procedures to follow to
strike a judgment or regarding any rights available to an incorrectly identified debtor.
1 1
(2) Subdivision (g)(1) shall apply to (1) judgments entered prior to the effective date of
subdivision (g) which have not been stricken or opened as of the effective date and (2) judgments
entered on or after the effective date.
You may have other rights available to you other than as set forth in this notice. 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.
Cumberland County Bar Association
32 South Bedford Street
Carlisle, PA 17013
(717) 249-3166
,`
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney LD. No, 203046
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Cazlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT : IN THE COURT OF COMMON PLEAS OF
UNION, :CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v. .
NO. 2010 - `~ ~ / ~ CTVII., TERM
TRACY A. DeBLASIO and :
PHILIl' J. DeBLASIO, Jr., individually :
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
CERTIFICATE OF RESIDENCE
We hereby certify that the last known addresses of the Defendants are:
Tracy A. DeBlasio
99 Pine Creek Drive
Carlisle, PA 17013
Philip J. DeBlasio, Jr.
99 Pine Creek Drive
Cazlisle, PA 17013
The address of Plaintiff is: 5 East Gate Drive, Cazlisle, PA 17013
MARTSON LAW OFFICES
Christopher E. Rice, Esquire
Date: ~ ~ _ r ~ l G Attorneys for Plaintiff
w
Christopher E. Rice, Esquire
Attorney I.D. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
MARTSON DEARDORFF WILLIAMS OTTO GII,ROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT
UNION,
Plaintiff
v.
TRACY A. DeBLASIO and
PHILIP J. DeBLASIO, Jr., individually
and collectively dlb/a RELIABLE
BUII,DING SERVICES,
Defendants
IN THE COURT OF COMMON PLEA5 OF
CUMBERLAND COUNTY, PENNSYLVANIA
:NO. 2010- `7~~f(~
CIVIL TERM
AFFIDAVIT
I, Christopher E. Rice, Esquire, attorney for Plaintiff, hereby certify, that to the best of my
knowledge, that the Confession of Judgment for Money attached is not being entered against a
natural person in connection with a consumer credit transaction.
~ ~ n
Christopher E. Rice, Esquire
Sworn to and subs bed
before me this 31~day of ~~~ , 2010.
r~
Notary ublic
~MpNWEALfiH OF PENNSYLVANIA
Notarial Seal
Mary M. Price. No~ry Pubic
~~ ~~ ~ 1~20y11
My GorrKrlission E> Aup. a
Member, Pennsylvania Association of Notaries
f
t
Christopher E. Rice, Esquire
Attorney LD. No. 90916
Seth T. Mosebey, Esquire
Attorney I.D. No. 203046
MARTSON DEARDORFF ~,LIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES
10 East High Street
Carlisle, PA 17013
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT
UNION, ~ IIV THE COURT OF COMMON PLEAS OF
:CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
v.
TRACY A. DeBLASIO and : NO. 2010 - `~ 7 ~ ~ CIVIL TERM
PHILIl' J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES, '
Defendants
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
:SS.
Christopher E. Rice, Esquire, being duly sworn according to law, deposes and sa
has authority to make this affidavit on behalf of his client, and to the best o ys that he
information and belief, the Defendants Tracy A. DeBlasio and Philip J. DeBlasio f his knowledge,
military service of the United States of America, that he has knowledge that Trac ~ Jr ~ are not in the
Philip J. DeBlasio, Jr., reside at 99 Pine Creek Drive, Carlisle, Pennsylvania. y A' DeBlasio and
C~o~ ~' ~2
Christopher E. Rice, Esquire
Sworn ,,toted subsc ' before me
this 1:~ day of 1
2010.
of lic
AFFIDAVIT AS TOM IT Y ERVICE
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Mary M. Pltce, Notary Public
Carlisle Bono, Cumtberland CourNy
My Commission Expires Aug. 18, 2011
Member, Pennsylvania Association of Notaries
SHERIFF'S OFFICE OF CUMBERLAND COUNTY
Ronny R Anderson
Sheriff
Jody S Smith
Chief Deputy
Richard W Stewart
Solicitor
rzr?.c _ '-5-???
FILED-OF IC:- r
PRQTi
7 f IE `i 3
cuMBERLAND
Cornerstone Federal Credit Union
vs.
Philip J. DeBlasio (et al.)
SHERIFF'S RETURN OF SERVICE
Case Number
2010-7740
12/21/2010 04:56 PM - Shawn Harrison, Deputy Sheriff, who being duly sworn according to law, states that on
December 21, 2010 at 1656 hours, he served a true copy of the within Complaint onfession of
Judgment, upon the within named defendant, to wit: Philip J. DeBlasio, by maki g k own unto himself
personally, at 99 Pine Creek Drive, Carlisle, Cumberland County, Penn Ivani 170 3 its contents and at
the same time handing to him personally the said true and correct copfie ame r
S
DEPUTY
12/21/2010 04:56 PM - Shawn Harrison, Deputy Sheriff, who being duly sworn according to law, states that on
December 21, 2010 at 1656 hours, he served a true copy of the within Complaint in Confession of
Judgment, upon the within named defendant, to wit: Tracy A. DeBlasio, by making wn unto Philip J.
DeBlasio, Husband of defendant at 99 Pine Creek Drive, Carlisle, Cumbe nd C n Pennsylvania
17013 its contents and at the same time handing to him personally the s i nd rrect copy of the
same.
S
SHERIFF COST: $49.84
December 22, 2010
N, DEPUTY
SO ANSWERS,
RON R ANDERSON, SHERIFF
q Co?.mfy5'.:i to, Sh(r.ff, T e!ecso I Wrc,
FAFILES\Clients\13915 Comerstone FCU\I3915.4 DeBalsio\13915.4.pra.writ.executionl.wpd/drg
Christopher E. Rice, Esquire
?
Attorney I.D. No. 90916
cx?
T7
?,
171 T^ tt
Seth T. Mosebey, Esquire -,V
Attorney I.D. No. 203046 r
MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER
MARTSON LAW OFFICES a
10 East High Street
Carlisle, PA 17013 '
(717) 243-3341
Attorneys for Plaintiff
CORNERSTONE FEDERAL CREDIT
UNION,
Plaintiff
V.
TRACY A. DeBLASIO and
PHILIP J. DeBLASIO, Jr., individually
and collectively d/b/a RELIABLE
BUILDING SERVICES,
Defendants
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
NO. 2010 - 7740
PRAECIPE FOR WRIT OF EXECUTION
TO THE PROTHONOTARY OF CUMBERLAND COUNTY:
Please issue a writ of execution in the above matter,
CIVIL TERM
G??a3yss
3 00
3; 7, SD (-osus !gF
S yy ?? i r ? . SD p ?- ?7
/03
(1) Directed to the Sheriff of Cumberland County, Pennsylvania; 9 'a'06 Ac
(2) Against Tracy A. DeBlasio and Philip J. DeBlasio, Jr., 99 Pine Creek Drive, Co
Carlisle, Cumberland County, Pennsylvania. 17013 r, b Pu C
ki-
(3) Index this writ against Tracy A. DeBlasio and Philip J. DeBlasio, Jr., individually
and collectively d/b/a Reliable Building Services, Defendants;
(4) Balance $33,756.93
Interest (through 11/2/10) $914.03
Interest from November 2, 2010, at
the rate of $4.16 per day $
Costs to be added $
Counsel Fees $3,375.69
Total $
Direct the Sheriff of Cumberland County to execute upon any and all personal property
held by the above Defendants.
* To be determined by the Sheriff of Cumberland County.
MARTSON LAW OFFICES
By: e'! - rz-- >
Christopher E. Rice, Esquire
I.D. No. 90916
Seth T. Mosebey, Esquire
I.D. No. 203046
Ten East High Street
Carlisle, PA 17013-3093
(717) 243-3341
Date: VIX111 Attorneys for Plaintiff
This is a debt collecting firm attempting to collect a debt for Cornerstone Federal Credit Union
and any information obtained will be used for that purpose.
CERTIFICATE OF SERVICE
I, Mary M. Price, an authorized agent of MARTSON DEARDORFF WILLIAMS OTTO
GILROY & FALLER, hereby certify that a copy of the foregoing Praecipe was served this date by
depositing same in the Post Office at Carlisle, PA, first class mail, postage prepaid, addressed as
follows:
Tracy A. DeBlasio
99 Pine Creek Drive
Carlisle, PA 17013
Philip J. DeBlasio, Jr.
99 Pine Creek Drive
Carlisle, PA 17013
MARTSON LAW OFFICES
By: p,
M". Price
Ten Last High Street
Carlisle, PA 17013
(717) 243-3341
Dated: / ?411
WRIT OF EXECUTION and/or ATTACHMENT
COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF CUMBERLAND)
NO 10-7740 Civil
CIVIL ACTION - LAW
TO THE SHERIFF OF CUMBERLAND COUNTY:
To satisfy the debt, interest and costs due CORNERSTONE FEDERAL CREDIT UNION
Plaintiff (s)
From TRACY A. DEBLASIO AND PHILIP J. DEBLASIO, JR., 99 PINE CREEK CRIVE,
CARLISLE, PA 17013
(1) You are directed to levy upon the property of the defendant (s)and to sell ANY AND ALL
PERSONAL PROPERTY HELD BY THE ABOVE DEFENDANTS.
(2) You are also directed to attach the property of the defendant(s) not levied upon in the possession
of
GARNISHEE(S) as follows:
and to notify the garnishee(s) that: (a) an attachment has been issued; (b) the garnishee(s) is enjoined from
paying any debt to or for the account of the defendant (s) and from delivering any property of the defendant
(s) or otherwise disposing thereof;
(3) If property of the defendant(s) not levied upon an subject to attachment is found in the possession
of anyone other than a named garnishee, you are directed to notify him/her that he/she has been added as a
garnishee and is enjoined as above stated.
Amount Due$33,756.93
L.L.$.50
Interest (THROUGH 11/2/10) - $914.03
Atty's Comm %
Atty Paid $103.84
Plaintiff Paid
Due Prothy $2.00
Other Costs: COUNSEL FEES - $3,375.69
Interest from November 2, 2010 at the rate of 4.16
per day - to be determined by Sheriff
Costs to be added - to be determined by Sheriff
Date: JAUNARY 14, 2011
(Seal)
4J! v
DO". Buell, Protho otary
By:
Deputy
REQUESTING PARTY:
Name Christopher E. Rice, Esq.
Address: Martson Law Offices, 10 East High Street, Carlisle, PA 17013
Attorney for: Plaintiff
Telephone: 717-243-3341
Supreme Court ID No. 90916
WRIT OF EXECUTION and/or ATTACHMENT
COMMONWEALTH OF PENNSYLVANIA)
COUNTY OF CUMBERLAND)
NO 09-7689 Civil
CIVIL ACTION - LAW
TO THE SHERIFF OF CUMBERLAND COUNTY:
To satisfy the debt, interest and costs due DEUTSCHE BANK NATIONAL TRUST COMPANY,
AS TRUSTEE IN TRUST FOR THE BENEFIT OF THE CERTIFICATEHOLDERS FOR
AMERIQUEST MORTGAGE SECURITIES TRUST 2005-R6, ASSET BACKED PASS-
THROUGH CERTIFICATES, SERIES 2005-R6 Plaintiff (s)
From CAROLE A. HEIKEL
JAMES E. HEIKEL, SR.
(1) You are directed to levy upon the property of the defendant (s)and to sell SEE LEGAL
DESCRIPTION.
(2) You are also directed to attach the property of the defendant(s) not levied upon in the possession
of
GARNISHEE(S) as follows:
and to notify the garnishee(s) that: (a) an attachment has been issued; (b) the garnishee(s) is enjoined from
paying any debt to or for the account of the defendant (s) and from delivering any property of the defendant
(s) or otherwise disposing thereof;
(3) If property of the defendant(s) not levied upon an subject to attachment is found in the possession
of anyone other than a named garnishee, you are directed to notify him/her that he/she has been added as a
garnishee and is enjoined as above stated.
Amount Due $116,630.29
L.L.
Interest FROM 12/30/2009 TO DATE OF SALE PER DIEM AT $22.40
Atty's Comm %
Atty Paid $1,012.88
Plaintiff Paid
Date: 01/20/2011
(Seal)
Due Prothy $2.00
Other Costs TO BE ADDED
REQUESTING PARTY:
Name: MICHAEL, MCKEEVER, ESQUIRE
Address: GOLDBECK, MCCAFFERTY & MCKEEVER
SUITE 5000- MELLON INDEPENDENCE CENTER
701 MARKET STREET
Deputy
PHILADELPHIA, PA 19106-1532
Attorney for: PLAINTIFF
- Telephone: 215-627-1322
Supreme Court ID No. 56129