HomeMy WebLinkAbout12-15-10
~~~~..~'" JrL~'~~"FICE OE
~~i~TCr (''' ' Q
r'n LJt ~'Y~, ~!J
Eric W. Johnson
2010 pEC 15 AM 10~ 59
THE PENNSLYVANIA DISTRICT COURT
CUMBERLAND COUNTY CLERK OF
ORPNWV'S COURT
CUMBERLAND CO., PA
Farmers State Bank, Claimant, Probate No. 2010-00844
VS.
Fiduciary of the Estate of
Charles M. Gehr
CLAIM IN PROBATE
(File in Duplicate)
STATE OF IOWA, COUNTY OF BLACK HAWK, ss.
(1) The Claimant with name and address as designated below hereby claims of the
fiduciary of the above named estate the sum of $ 20,694.07 for Loan Number 410605455 dated
July 23, 2008, maturity date of 7-23-2012, in the original principal amount of $68,27.00 as now
fully appears by the instrument or account hereto attached, marked Exhibit "A" and made a
part hereof.
(2) Security (if any); contingency (if any): Security was a 2004 Freightliner Coronado
which was sold and the remaining balance due is the deficiency.
(3) The undersigned, being duly sworn (or affirmed), states that they are the Lender; that
the said claim as herein stated, is justly due ;that no payments have been made thereon which
are not credited and that there are no offsets to the same to the knowledge of the affiant except as
herein stated.
WHEREFORE, Claimant asks the allowance of said claim.
Farmers State Bank, Claimant
1009 Peoples Square
/~ Waterloo, IA 50702
Eric W. Johnson
Attorney
Attorney(s): Eric W. Johnson
Attorney's Address: BEECHER, FIELD, WALKER,
MORRIS, HOFFMAN & JOHNSON, P.C.
620 Lafayette St., PO Box 178
Waterloo, IA 50704
(319)234-1766
~~
PROMI SORY NOTE .
only and do rtot Emit tM appleabiNry of tlds documaM to srry partfcuW ban or hem.
rw ' • • •' tees been omlttsd due do tent brrpth Iimltatbrn.
LrHtdar: Faemaro Stab Sank
watedw
1005 Peopba Sq
WstMw,IA 60702.6740
PflrtcWSf Amount: 188,278.00 ItnaYSSt Rna: 9.250% DStS Of fdot5: July 23, 2008
PROMISE TO PAY. CMrbe M Oehr I'Barotver'1 Weatbes b PaT b Farrrwro Stab Bark 1'Undar9, a wMr, tt testa! ntortsy of rtes Urdtsd
Saw of Amadea, dts prYteipsl aatotaK of Sbrty-aqM Thauaand Two Hum4W BawMy-afx 6 00!100 DWarx 688,275.001, toSatMr whh
frrbrest on She urpald prlnslpsl babnaa teem July 23, 2005, ealeWbd r daodMA to 1M "INTEREST CALCULATION METHOD" paragraph
usty an irrosreet tale of 5250% per rarrum, radE Wld ti hdl. TM krterest rata may aMrtge under the tamr and oortdhbm of tM 'INTEREST
AFTER DEFAULT' aeotbn.
PAYMBIT. Borrower wW pay tlds loan In ilrY IatRredbtNy tpon Lendsr'e dermind. H no demand b roads, Barpvrer wN Day tltb teen In 47
paytrrtda of •1,707.57 sash psyrrwrrt and an fnegrrbr Mt paynrrR aetYnatW K 11,707.79. Bortower's ftst payrMm b dw Atrprst 23,
2005. and d subsapwat paynrna an due on fM same day of esslt alaM attar tltet. - BttrrowerY /ttM Payment tvi M due on July 23, 2012.
and vrH ha Oar r prkrdpY end d eaerrrars frtbrut net yet psM. PayatMde inctrds pekrdpN and Imarest. Urdns olharwW greed er ngWrM
by aPP~~b bw, paymerto wB M sppNd /tat m srW aanwd unpaid (merest: titan b PeFw4Kr wd f1Nn b arty bta oharges. Borrower WM
pay Larder tl Lender's add'ess shown aWrw or K snob o5rr oboe es Lander may deslgnsM b wddng.
INTEREST CALCULATION METH. IMMeet On drla Nora b OpnpolW an a 356!855 slnrpla kttareat basin; that b, W applytq tM redo of dte
YrMeat tab over Ste rtumbar d days in ^-Year, muSbEad by drs orRSartdktg INktcrPM balsrroe. rratMplbd by tM aottrel raarrber of mya the
prkdpsl babnaa b ttutstardtp. AE imerest payabb order tftb Nrm b aomgAM esfrp thM metftod.
PR9AYRIENT. Borrower may pay wMtout. psrtNty NI or a pottiest of the amount owed ssrlbr then it ie due. Early peyrnema wN trot tm1eN
spread to by finder M wddng, nlbw Borrows of Bonowa's obagatbn b wndnw to mY:e paymsrda order SM psymem seMdub. Redter,
ssdy psymems wiK reduce the principal belartoe des and may resrdt in Borrower's making tower psYmsnts. Borrower epees not t sand Lender
paymartb marksd'pald in tu3', 'withdrrt rawuns', rX aknEer larquapa. If Borrower eenM sash a payment, Lender msy aeeept It without
IOSIrN any of Larder's right order Mb Note, and Borrower wB1 rameln obdpated b Pay any further amoum owed to Lender. All written
wmrrwnieatbM eoncxnktg tlbputad amount, ktokdlrrg any ohwk or otMr payment instrumam that Irdbstes that rtes payment constitutes
'psymant in full" of the amount owed or that b tendered wIM other wnr2tlons or Iknitdoru or es fuP satisfaedon of a dbputad amount mest ba
meibd or dsevsretl m: Fermsre Stets Bank, Watabo. 1008 Paopbs Sq, Wsterkto. IA 60702-5740.
LATE t7fAR0E. If a payment b 15 days or moro bte, Bortowu wW bs chrgsd 8.000% of tlro urrpsM portbn d Ste regularly sohadrdsd
payrwlt.
INTEREST AFTER DEFAULT. Upon defeat!, trtctdirtg falkxe to pay upon fatal msturhY. tM ktbrost rris on this Nota shah ba inaroaeed to
78.000% pM srasrrr. Howtwr, b no event wIE the Mtarsst rot exceed dta maximum Imeren ran Nmhatlona under applicabb Nw.
DEFAULT. Each mf tM following shall consthute an ewm of default ('Event of Defidt') rrtder thb Note:
Paymam Dafardt. Bortower fails to make arty paYmsm wMn due under thb Note.
OtMr Wfstdts. Borrower fogs to comply whh or to f„dorm arty other term, obligatbn, covenant or condition contsinsd In thb Nots or M
sny of the rolsbd documents or t comply whh or b perform arty term, ogEgatlon, covenant or conditon comained in sny other agreement
between Lerdm and Bortowar.
W/auk M Favor of ThW ParWs. Barewer or arty OrsMOr detstdts under sny ben, extnebn of tredlt escurhy agnemsm, purchase or
Nlee sgrsemNtt, or any odter agreerrrom, in favor of arty OttNr CfedRO! or parson that may mabrialty aflact erry of Borrower's property or
Bonower's ablliry to repay this Nob or perform BOmewsr'6 obligations under this Note or any of tM rNeted documents.
FaNe 8tatamems. Any wartanry, roprosrtmatlon or statement maM or fwMShad to Lender W Borrower or on Borrower's bates!! under this
Note or the related documanri b false or misleading in arty materiel respect ehhvr now or at rtes time mods or furnished M Oseomee fetes
or ndslaadttg at wry dma tMreahor.
Deatlr or Irtsefvarrsy. TM dsaM of Borrower or tM dissolution or terminatbn of Borrower's exbtenca as • going buelnsss, tM Insolvency
of Borrower, tM appdmment of s roceNar for any par[ of Borrower's property, am/ esalgnmem for the benalit of creditors, any type of
eroditor.wakout or tM wmmenamtlm of amt proeeedirq under any bankruptcy or inwwsncy laws by or against Borrower.
Gedksr a Fttrfilbrs PrtxsaErgs. Ctxnrtrancemam of foroeblurs a foASittm proeoedinga, wMtMr try JWiclel prooaading, sNt•Mlp,
raposeeesion ar srry orMr nrothod. W arty creditor of Borrower rx by arrv povarmterttal aganry agelmt arty waeterd secrairtp the ben.
This Incktda a gamblvnent of any of Borrower's ewowda, inclrrdktp Npwlt account, witlt Urrdsr. However, tMs Ewm of Defiuh shall
not agog If 5rsro b a good faith dlsplM by Borrower a to 1M vrtlidiry or reesonablerteee of LM ddm wMch b dta bash of rtes creditor or
forfilturo prooeadtq and if Borrower given Lender written rtotbs o} rtes cndltor or firfohure proceeding and deposit wiM Lander moots or
a surety bord for the credtor or forfsittrn proeesdbg, In tm amount dstsrmirtad by LartNr, in la solo dberotlon, M behq en adequate
rossrw or bond for tM dbputs.
Evems Affeatkp OutraRw. Arty of tits praosdirp event owwa with respect ro arry guarantor, endorser, surety, or aewmmodatbn party
of any of rile-Ntdsbtedrtese a srry guaramor, endorar, surety, or aorxmmtodadon party dW or becomes inconrgtrtm, a rowkas a
dbPrnaf dwvsWky of, or Ibbdlhy under, arty guaranty of Ute irdsbtsdrresa evldanead by thb Note.
Advaroa Chrge. A materiel adveros eharrgo odours h Borrower's 5naneisl opxNtbn, or Lader bNbwa the prespsct of payment or
paAOrmanoa of tHs Not Is tnpdrod.
Irweatrhy. Lander M good falih beliwes Itaalt kueoure.
L67DER'8 RNiffTB. Upon default Lender may deolara the smiro unpsld pdnolpd bslanp under tMS Note and ell seertred unpsid Imsrost
bvnediably des, and tMn 8onower veil pay tftet arflotrm.
ATT011NEY8' PlEir EXPHifEB. finder may hks a pay wnraorts aba to Mlp wiser thb NDt it Borrower does trot pay. Borrower veal pry
Larder that emorlm. Tftb ktdudas, sugect a argr Iknks uMar sppBcrrble law, Urder's attomaya' fees and Lender's Ispal ezpsrtaaa, whstfrw or
not 1Mre b a bwsuh, ktoludrtp whhoa Iknitatlon d ettomsye' fins and bgal expanses for bsnlwPtY proaNdinge Iinoluding Mort to modHy
or vast er+Y atrAOmsdc sty or WunotbN, and appals. H not prohibitW by appdcabb law. Borrovror ate wig psy enY wort coats, tt addition
[o d otter soma provided bylaw.
JURY WANER. Lander and Borrower It.r.by want Ure dint b syry JW trial N arty rrodort, proeseArq, or wrmterdalm 6ratpM by aldtar Larder
w Serrovrer agakat 1M WMr.
OOVHtN510 LAW. THe Not win M pvamad by fidenl law app8esbb b lender ord. b tM extant not preempted by fidsrd law, ar bws of
1M State d bwa wftlrwt regrad b ib oatRota of Isw provblorrs. TfW Not Ilat bean aaeeptad by Lander M tl» State of bwa.
CHOICE OP VENUE. If theta is a lawsuit, Borrower egress upon Lender's request to aubmk to the Jurfadicden of tM courts of Black Hawk
r:ounty. Sbb of levee.
dSHONOR® REaA PEE. Bvrroww veal pry a fee to Lordar of 116.00 N Borrower makes a peYmem on Borrower's loan end tM check ar
prarxrthorizad charge with wfddt eonower Pate b lair disftonorsd.
RIOFR OF SET/N'F. To tM extant psmthted by sppNeAbb law, Lender reserves s rlSm of estoR in ell Borrower's accoume with Lander (wMther
dwcking, ssw+gs, or wms otMr account!. Tide includes all acwunt Borrower holds Jointly with someone else and all eeeounte Borrower may
open In [M turves. Hvwavar, this does wt include any StA or Keogh eecoWb. Or am/ toter aecounte fw whkh estoH woWd W prohitdtad try
lave. ftOrtewef wVrorizes LHde/, b dte extern pHmltted by applkabb bw, to chsrgs or astott ss arena owing on tM irdebtednese sgeinst any
and ag swh aooatxtte, ant, et Lender's optbn, to adrMnlatrativNy Traese ae such account t0 elbw Lander to protest Lendar'a charge ant setoff
liters provided m tht Paragraph.
COLLATERAL. Borrower eckrtowledgss Ws Not la aserrrod by Purchase money tint security ktterost M 2004 FroiyrtErwr rAroMdO VIN Y
1NJCRCK74PM0921 S, 8ewdry AgresmsM dated 7/23!2008, UCC Fttancllrg St[emam decd 7123/2008.
[MIP08E OF LOAN. TM spsol5o purpose of thb ban is: Ptvcttsae 2004 Frophdkwr Coronado.
41NUAL BTATEMeEaITB. Borrower sprws to famish Lender wkh tM folbwirrg: M awn as svagabb, but in rro ewm later then rrirwry Igo)
PROMISSORY NOTE
Loam No: 410.806-466 {COntinuedl Palls 2
MYt atte tM eld of aaeA flsesl yse, Borrower's bNanu alwet end income eutement for tM year ended, prepared by GwrsnWr.
SiTB11M fTATF11lIVTi. Barowe sprees b hxn4h Larder wAh iM fdbwkq: As noon ae possible, Dut In rq avant Iner then ninety (9l)1 days
efbr the end of saah Bscal quete, BorrowaYS bslence afwet end profit and bu atebmam for the period, prepared by Borrower.
TAX RETURNS. Borrower aSraw to lumiah Lends with 1M following: Aa aeon as evetkble, but b no evem later than nitrry (BOF days after the
spplbabM Mrq dab fe tM bz repedrrp perbd ended, Federal and othe govsmmsmd tsx rotwns, properW by a ardfNd puDgo sccantant
1aWteotory to Lsmle. All fbrsrtcW roporb required b M prwkled urde Mh ProMSSOry Nob chap G pnparod M aecoMSncs veldt OAAP,
spplMd on s wnaNtent bas4, and aeNlMd by Borrower as bekq true and correct.
SUCCE880R S!TlIIESTS. Ths terms o} this Note sfMll be 6lydMg upon Borrower, end upon Borrower's Mira, personal reprownbtivea,
succaagrs and aasgra, and ahan htza to the berteflt of Under and Its successors and assigns.
tiENE1111L PROVISIDItS. Thk1 Note u psyahN on dernmd. Tha Nretusion of speeBie dabult proviabns or rights of Lender aMg not predurN
Lsrde's right b declare paymam of this Nuts on its demand. If srw pet of tNS Nob esnnot be sntorced, thb feet wlg not afNet the net of tM
Nob. lender may daisy w forgo anbreing arty of he riphb or remedhs.vder tHS Nop without bakrg them. Borrower srd arty otMr psnon
who signs, gwnntaaa or endorses Hds Note, b the extant aWwad by law, waM prewntment, demand for payment, and notice of dfaMrgr.
Vpon any eharrps b 1M terms of tide Note, and uNew otMrwW expressly shoed in wddng, no party wM egos dtb Note, wMther e, maker,
pwranta, e~annlodatbn maker M endonar, sMN Ds roleased from Itablary. All auoh psrtles apse tMt Lerrder may renew or extend
(repea[adty and For arty Isngtlr of tbwl tlr4 ban or reNesa erry party or gwremor or f:OSSbreI; Or Impair, fail to realize upon or perfect Carrier's
security Imerest in the cdlaurN; and take arty other action ONmed nseNaary by Isrrder without the consent of or notice to anyone. Ap such
parries also spree that Lander may modlly this ben wthout 1M consent of or rrotbs to enyorw other then the party with whom the modilication
la made. TM obllgatbns under IftN Nob are joke and esveral.
MIOR TD SIONWO THIS NOTE, BORROWER BEAD AND UNDERSTOOD ALL THE PROV1610N6 Oi TF(IB NOTE. BORI~WER AGREES TO THE
TEIpAS OF THE NOTE.
BORIIOWEIt ACKNOWLEDGES REC6PT OF A CONiKETN COPY OF THR PROM1680RY NOTE AND ALL OTMEfi DOCUMENTS RELATKVO TO
THIS D6BT.
x ~ 4..ao (~,(,, .~1
es ^ u
LENDER:
PAlIM616 STATE BANK
• •
DekSveYed via Fax:'N4
Cuezomsr Name': ChaYles M Glhr
:qan AaaaunE.NUmbeY: C1.-.41Q-60.5-A$5
Payott Agent Reverence ?lumber:
Payaf( ECfnCCive Date: 1. /OSI2010
Payoff Expiration Date: 111D9/2410
Pursuant to..yaur requrat~ the:.follawiiag payaff-.figwrnaarn in efftaz thru Chepayotf effective data referenced
abava. a1lria till eb;agnfisat ckase fiqurle before eatsding Your check.
~ Prirtaipsi ealbt+G# $~4,654:4'~
Del~errad Pr~,r~i~ai $4.44
~ xae~ie~i ~>'4~e'~+R~& Sa,Om
~~ 5004
} r ~ #a1 ~eYi~ S4 J4Q
+ Ii~l6tlr}.1hCR" 84".4G
' 7sisptXana! ~p?~»ce 54:44
LeC~'aY! B+elanCO 54:40
EBCxow Interesz 50. 00
S0
00
S$arOM Due .
. U~napPl fed Punde 'cad SQ-. 0`o
,..:. AI::Yarneka lnt. Sa„40
Ti3Cai Peyaff Apaounz:- Sao,bsa.4?
Per'Diem A~ssAb: 54;00
Thefiguzearefleatedifpove at! baled upon thscurrent loan Yeaordn as of Lhe dace ofthis quote. The balance
', may fill to X@llegt. {Yay~hnnbGi,ativanCeH rlvaebiln ar ptlfei' chargetl not yat brought to our aC CenCion.Ne. reaerwe
t}t:t.tight LA iE~48t Cheibik$nc! dua. ~aY Cit® YeaLafli.itit'Od ab01?er for 64 {iaye ifteY the Ctaeing OT the loan.
fiuah a~ piXi aan'Ci~xu as:~ 3Len~,iga4YU~t C1}a ptapertlp un~~l ;paid in f'u31.tf ycyu have any gnaecione with
ra,~atd~t ea C~ii'! idsU+i, ~2'er ~ae1 fY~ ttia- cronti'aat tee. ,
Si.ncarnYy;
~> ~r
Reich D &kbay ?
CXediL Analyee ~