HomeMy WebLinkAbout11-5366OF THE PROTHO OTARY
2011 JUN 30 PM 2: 10
CUMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkellygmette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V. ,
DOCKET NO. ??o Cl V c
DUSAN BRATIC and KATHLEEN M.
BRATIC
Defendants
CONFESSION OF JUDGMENT
Pursuant to the authority contained in the Confession of Judgment clause in the Guaranty,
a copy of which is attached to the Complaint filed in this action, I appear for the Defendants and
confess judgment in favor of Plaintiff and against Defendants, jointly and severally, as fo ws:
s
§Va .-2T l?cL 1
IUc???-mac l?c?
Principal: $324,999.90
Interest through 6/22/2011 $3,532.12
Late Charges*: $65,688.32
Attorneys' Commission: $32,853.20
*Continues to accrue until paid.
TOTAL
$427,073.54
Interest at the per diem rate of $45.14, attorney fees and costs of this action continue to
accrue.
Respectfully submitted,
IOAA'&'? a e"Pw?'-
Bather Z. Kell, squire
I.D. No. 86291
Appearing herein for Defendants
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Date: June V), 2011
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkelly(a),mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
V.
DUSAN BRATIC and KATHLEEN M
BRATIC
Defendants
FILED-OFFICE
OF THE PROTHONOTARY
20?1 JUN 30 P11 2, 10
CUMBERLA-140 COU4TY
FENN!SY(VANIi.
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
DOCKET NO./ COMPLAINT IN CONFESSION OF JUDGMENT
AND NOW, thi92 `Jday of June, 2011, Plaintiff, Metro Bank, f/k/a Commerce
Bank/Harrisburg, N.A. ("Plaintiff'), by its attorneys files the following Complaint in Confession
of Judgment:
1. Plaintiff is a Pennsylvania banking institution with an address at 3801 Paxton
Street, Harrisburg, PA 17111.
2. Defendants are Dusan Bratic and Kathleen M. Bratic, husband and wife, adult
individuals with an address of 5609 Pinehurst Way, Mechanicsburg, PA 17050.
3. On July 16, 2004, Progress Avenue Limited Partnership executed a Promissory
Note in the principal amount of Three Hundred and Twenty Five Thousand Dollars
($325,000.00) in favor of Plaintiff, which was subsequently modified by thirty-six (36) separate
Promissory Note Modification Agreements or Change in Terms Agreements.' A true and correct
copy of the Promissory Note, Change in Terms Agreements, and Promissory Note Modification
Agreements is attached hereto as Exhibit "A" and referred to collectively as the "Note."
4. Pursuant to the terms of a Commercial Guaranty executed on July 20, 2004,
Defendants guaranteed Progress Avenue Limited Partnership's obligations under the Note. A
true and correct copy of the Commercial Guaranty is attached hereto as Exhibit "B" and referred
to collectively as the "Guaranty."
5. Progress Avenue Limited Partnership has defaulted under the Note by failing to
make payments when due.
6. By correspondence dated June 17, 2011, Plaintiff demanded payment in full from
Defendants. A true and correct copy of the June 17, 2011 correspondence is attached hereto as
Exhibit "C."
7. Defendants failed to repay the indebtedness in response to the June 17, 2011
demand.
The Note and Guaranty were executed in connection with a commercial
transaction.
9. Judgment is not being entered by confession against a natural person in
connection with a consumer credit transaction.
10. The Note and Guaranty have not been assigned.
11. Judgment has not been entered on the Guaranty in any jurisdiction.
' The modifications are dated, in reverse chronological order: April 13, 2011; March 15, 2011; February 8, 2011;
January 24, 2011; December 1, 2010; November 22, 2010; July 22, 2010; May 26, 2010; April 22, 2010; February
22, 2010; November 20, 2009; October 1, 2009; September 28, 2009; September 1, 2009; July 21, 2009; May 28,
2009; March 24, 2009; February 24, 2009; December 15, 2008; September 17, 2008; June 18, 2008; March 20,
2008; November 28, 2007; September 21, 2007; June 28, 2007; May 3, 2007; March 7, 2007; December 18, 2006;
November 30, 2006; October 4, 2006; January 27, 2006; December 1, 2005; October 28, 2005; August 30, 2005;
June 27, 2005, and July 20, 2004.
VERIFICATION
I, David M. Chajkowski, Asset Recovery Officer at Plaintiff Metro Bank fWa
Commerce Bat&Harrisburg, N.A., have read the foregoing Complaint in Confession of
Judgment and verify that the facts set forth therein are true and correct according to the best of
my knowledge, information and belief, and that as an Asset Recovery Officer I am authorized to
execute this Verification on behalf of the Plaintiff.
I understand that any false statement made herein is subject to the penalties of 18
Pa. C.S. §4904, relating to unworn falsification to authorities.
zzz?
David M. Chajkowski
Asset Recovery Officer
Dated: ?o??
0 / %am
PROMISSORY NOTE
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "`"* " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN:
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL , PA 17011
1717) 975-5630
Principal Amount; $325,000.00 Initial Rate: 4.750% Date of.Note: July 16, 2004
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal amount of Three Hundred Twenty-five Thousand & 001100 Dollars
($325,000.00), together with interest on the unpaid principal balance from July 16, 2004, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $325,000.00 plus interest on July 16, 2005. This payment due on July 16,
2005, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all accrued unpaid
interest due as of each payment date, beginning August 16, 2004, with all subsequent interest payments to be due on the same day of each
month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to
principal; then to any unpaid collection costs; and then to any late charges. The annual interest rate for this Note is computed on a 3651360
basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied
by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown above or at such other
place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an independent index
which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest will be
used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the
term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 4.250% per annum. The interest rate to be applied to the unpaid principal balance of this
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 4.750% per annum. NOTICE: Under no
circumstances will the interest rate on this Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Note, and Borrower
will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including any check
or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered with other
conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK/HARRISBURG N.A.,
LOAN SERVICING, 100 SENATE AVENUE CAMP HILL, PA 17011.
LATE CHARGE. If a payment is >6 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Note will bear interest from
the date of acceleration or maturity at the variable interest rate on this Note. The interest rate will not exceed the maximum rate permitted by
applicable law.
DEFAULT. Each of the following shall constitute an event of default ("Event of Default") under this Note:
Payment Default. Borrower fails to make any payment when due under this Note.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Note or in
any of the related documents or to comply with or to perform any term, obligation, covenant or condition contained in any other agreement
q between Lender and Borrower.
(;A a ad U
-'as .9mam-Z Qc any other 29MOMORZ I'M 1-1-9 Ot -Ry Q%hQ; G;Qdi%Q; QF PORGA 41U4 FABY FA2%QFiaI1V ?94QG4 nRy Of 8Q;FQWQ;'C PFQpQAy or
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any loan.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Note or the related documents is false or misleading in any material respect, either now or at the time made or furnished or becomes false
or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the loan.
This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event of Default shall
not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or
forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or
a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate
reserve or bond for the dispute.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness
PROMISSORY NOTE
Loan No: 3178888 (Continued) Page 2
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent (25%) or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of this Note is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the
same provision of this Note within the preceding twelve 0 2) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15)
days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. Borrower will pay
Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses, whether or
not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay
or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by
law.
GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws of the Commonwealth
of Pennsylvania. This Note has been accepted by Lender in the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Note is secured by Second mortgage behind a Commerce 1 st mortgage on the real estate located
at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
POST CLOSING COMPLIANCE. Borrower agrees to execute, re-execute, cause a Guarantor(s) or other third party(ies) involved in the loan
transaction to execute and/or re-execute and to deliver to Lender or its legal counsel, as may be deemed appropriate, any document or
instrument signed in connection with the Loan which was incorrectly drafted and/or signed, as well as any document or instrument which
should have been signed at or prior to the closing of the Loan, but which was not so signed and delivered. Borrower agrees to comply with any
written request by Lender within ten (10) days after receipt by Borrower of such request. Failure to Borrower to so comply shall, at the option
of Lender, upon notice to Borrower, constitute an event of default under the Loan.
COLLATERALIZED/CROSS DEFAULTED. This loan is Cross Collateralized/Cross Defaulted with other loans for Borrower.
COMMITMENT LETTER COMPLIANCE.. This loan is contingent upon Borrower's compliance with all of the terms and conditions in the
commitment letter issued by Lender to Borrower on or about July 7, 2004. Upon breach of any term of condition therein Lender shall have the
right to declare this loan in default and demand payment in full of the principal balance remaining unpaid, together with all interest, which shall
have accrued thereon. .
SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors and assigns, and shall inure to the benefit of Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate
information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING 100 SENATE AVENUE CAMP HILL, PA 17011
GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Note without losing them. Borrower and
any other person who signs, guarantees or endorses this Note, to the extent allowed by law, waive presentment, demand for payment, and
notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note,
whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew
or extend (repeatedly and for any length of time) this loan or release any party, partner, or guarantor or collateral; or impair, fail to realize upon
or perfect Lender's security interest in the collateral; and take any other action deemed necessary by Lender without the consent of or notice to
anyone. All such parties also agree that Lender may modify this loan without the consent of or notice to anyone other than the party with
whom the modification is made. The obligations under this Note are joint and several. If any portion of this Note is for any reason determined
to be unenforceable, it will not affect the enforceability of any other provisions of this Note.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER JUDGMENT
AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE CHARGES AND ANY AND
ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THIS NOTE, 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 NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALL
BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER 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 NOTE. BORROWER HEREBY WAIVES ANY RIGHT BORROWER MAY HAVE TO NOTICE OR TO A
HEARING IN CONNECTION WITH ANY SUrw- CONFESSION OF JUDGMENT AND STATES TH'T EITHER A REPRESENTATIVE OF LENDER
SPEC19CALLY CALLED THIS CONFESSI( OF JUDGMENT PROVISION TO BORROWER kTTENTION OR BORROWER HAS BEEN
' PROMISSORY NOTE
Loan No: 3178888 (Continued)
Page 3
PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE
INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE.
BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.
THIS NOTE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS NOTE IS AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A
SEALED INSTRUMENT ACCORDING TO LAW.
LASER PRO Lmdinp, Var. 3.21.10.002 Cop,. Hnlend A ...W SaWdon,, In,. 1997, 2001. NI Right Re,erved. - PA HAWIN"M%LPWIN\CFINM%020.Ft 1A-12291 PR-19
DISCLO. )RE FOR CONFESSION OF J% GMENT
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing " * * * " has been omitted due to text length limitations.
Affiant: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
DISCLOSURE FOR CONFESSION OF JUDGMENT
I AM EXECUTING, THIS A/ DAY OF YA PROMISSORY NOTE FOR $325,000.00
OBLIGATING ME TO REPAY THAT AMOUNT.
A. I UNDERSTAND THAT THE NOTE CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER
JUDGMENT AGAINST ME IN COURT, AFTER A DEFAULT ON THE NOTE, WITHOUT ADVANCE NOTICE TO ME AND WITHOUT OFFERING ME
AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE NOTE, 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 NOTE, I AM KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE RIGHTS, INCLUDING ANY RIGHT
TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S ENTERING JUDGMENT
AGAINST ME BY.CON AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION.
INITIALS: ::::>.:::::':5`"'?' _t:.".!:•;::
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 NOTE 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 NOTE, BEING FULLY AWARE OF MY RIGHTS TO ADVANCE NOTICE AND A HEARING
AFTER JUDGMENT IS ENTERED AND BEFORE EXECUTION ON THE JUDGMENT, I AM KNOWINGLY, INTELLIGENTLY AND VOLUNTARILY
WAIVING THESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATELY EXECUTING ON THE JUDGMENT, IN ANY
MANNER PERMPPLICABLE STATE AND FEDERAL LAW, WITHOUT GIVING ME ANY ADVANCE NOTICE.
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. 1 WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL IN CONNECTION WITH THE NOTE.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT PROVISION IN THE NOTE TO MY
ATTENTION.
D. I CERTIFY THAT MY ANNUAL INCOME EXCEEDS $10,000; THAT THE BLANKS IN THIS DISCLOSURE WERE FILLED IN WHEN 1 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.
AF
PR
By
LASER RIO Lording, Vr. 9.34.10.00Z Cop,. Nyland Fnm,W 9oNW- Ina. 1997, 3004. AS Rights R-d. - PA N:WRNAPP9\LPWINICR%LPL1030.FC M13291 P 19
Limited Partnership
PROMISSORY NOTE MODIFICATION AGREEMENT
THIS PROMISSORY NOTE MODIFICATION AGREEMENT, made.and entered into as of this 13°1 day of April, Z011, by and between
Metro Bank (hereinafter called "Lender"), having its principal place of business at 3801 Paxton Street, Harrisburg Pennsylvania 17111,
and Progress Avenue Limited Partnership (hereinafter called "Borrower").
WITNESSETH:
WHEREAS, Borrower executed and delivered to Lender.a Promissory None dated July 16, 2004, as amended (the "Note"), in the
original amounr of $325,000.00, which evidences a loan (N3178888) as amended, by the Lender to the Borrower; and
WHEREAS, the Lender and Borrower mutually agree to modify the terms of the Note to extend the maturity date, as
hereinafter provided.
NOW THEREFORE, for value received and in consideration of the mutual covenants and agreements hereinafter contained and
intending to be legally bound hereby, Lender and Borrower covenant and agree to amend and modify the Note heretofore described as
follows:
1. The maturity date for the above-referenced loan is hereby extended from April 1, 2011 to May 1, 2011. This Promissory
Note Modification Agreement is deemed to have been effective as of April 1, 2011.
Reference to Lender: This Promissory Note Modification Agreement is being made by Metro Bank formerly known as Commerce
Bank/Harrisburg, N.A.
Confession of Judgment: BORROWER AGREES THAT THE CONFESSION OF JUDGMENT CLAUSE CONTAINED IN THE NOTE DATED JULY
16, 2004, REMAINS IN FULL FORCE AND EFFECT AND LENDER'S RIGHTS THEREUNOER CONTINUE WITH THE SIGNING OF THIS
PROMISSORY NOTE MODIFICATION AGREEMENT. THE DISCLOSURE FOR CONFESSION OF JUDGMENT DATED JULY 16, 2004 REMAINS
IN FULL FORCE AND EFFECT AND B DEEMED TO BE REAFFIRMED IMITH THE SIGNING OF THIS PROMISSORY NOTE MODIFICATION
AGREEMENT. BOTH THE NOTE AND THE DISCLOSURE FOR CONFESSION OF JUDGMENT ARE ATTACHED HERETO AS EXHIOTTA.
Except to the extent specifically set forth herein, all of the terms, conditions, covenants and agreements contained in the Note shall
remain in full force and effect Borrower hereby ratifies and affirms each and every term and condition, obligation, and covenant of
Borrower under the Note in every respect and shall pay and discharge the indebtedness evidenced by the Note in accordance With its
terms as modified herein. This modification shall not altar, diminish, or otherwise affect the lien of the Promissory or the collateral
therein described.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.
ATTEST: Metro Bank
C B.
An rew D. J hnso
nior vice resident
Borrower: gressAvenue Limited Partnersh'
BY,
itness Dusan ratic, General Partne of Progress Avenue Limited Partnership
JUL-22-2010 16:20 COMMERCE DOCUMENTATION 717 909 0355 P.06
L#,aCLOSURE FOR CONfES510N OF JUDGMEh
THE UNDERSIGNED IS EXECUTING ON BEHALF OF DECLARANT, THIS 22"d DAY OF JULY, 2010, A CHANGE IN TERMS
AGREEMENT TO THE PROMISSORY NOTE FOR $324,999.90 (LOAN NUMBER 3178888) OBLIGATING DECLARANT TO
REPAY THAT AMOUNT.
A. THE UNDERSIGNED UNDERSTANDS THAT THE NOTE AND THE CHANGE IN TERMS AGREEMENT
CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER JUDGMENT
AGAINST DECLARANT IN COURT, AFTER A DEFAULT ON THE NOTE AS AMENDED, WITHOUT ADVANCE NOTICE TO
DECLARANT AND WITHOUT OFFERING DECLARANT AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF
JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT, BEING FULLY AWARE OF DECLARANT'S RIGHTS
TO ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS
THAT LENDER MAY ASSERT AGAINST DECLARANT UNDER THE NOTE AS AMENDED, THE UNDERSIGNED, ON
BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE RIGHTS,
INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND THE UNDERSIGNED EXPRESSLY
AGREES AND CONSENTS TO LENDER'S ENTERING JUDGMENT AGAINST DECLARANT BY CONFESSION AS
PROVIDED F N T CONFESSION OF JUDGMENT PROVISION.
INITIALS:
B. THE UNDERSIGNED FURTHER UNDERSTANDS THAT IN ADDITION TO GIVING LENDER THE RIGHT TO
ENTER JUDGMENT AGAINST DECLARANT WITHOUT ADVANCE NOTICE OR A HEARING, THE CONFESSION OF
JUDGMENT PROVISION IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT ALSO CONTAIN 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 DECLARANTS PROPERTY, IN FULL OR PARTIAL PAYMENT OF THE
JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT, BEING FULLY AWARE OF DECLARANT'S RIGHTS
TO ADVANCE NOTICE AND A HEARING AFTER JUDGMENT IS ENTERED AND BEFORE EXECUTION ON THE
JUDGMENT, THE UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND THE UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO
LENDER'S IMMEDIATELY EXECUTING ON THE JUDGMENT IN ANY MANNER PERMITTED BY APPLICABLE STATE
AND FEDERAL W, WITHOUT GIVING DECLARANT ANY ADVANCE NOTICE.
INITIALS:
C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE
APPLICABLE, BY INITIALING EACH STATEMENT THAT APPLIES, THE UNDERSIGNED REPRESENTS THAT:
INITIALS:
1. DECLARANT WAS REPRESENTED BY DECLARANT'S OWN INDEPENDENT LEGAL COUNSEL IN
CON 10 WITH THE NOTE AND THIS CHANGE IN TERMS AGREEMENT.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT
PROVISIOU IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT TO DECLARANTS ATTENTION.
THIS DISCLOS E IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DISCLOSURE IS AND SHALL CONSTITUTE AND
HAVE THE EF CT OF A SEALED INSTRUMENT ACCORDING TO LAW.
DECLARANTAPROGRESS AVENUE LIMITED PARTNERSHIP
BY: "-I' (SEAL)
( DUSAN BRATIC, GENERAL PARTNER OF PROGRESS AVENUE LIMITED PARTNERSHIP
CHANGE IN TERMS AGREEMENT
Principal Loan Date Maturity Loan No Call 1 Coll Account Officer Initials
$324.999.90 07-16-2004 01-01-2011 3178888 2204
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item,
Any Item above containing -- has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership Lender: METRO BANK
101 U. S. Route 15 South COMMERCIAL BUSINESS DEPARTMENT
Dlllsburg, PA 17019 3301 PAXTON STREET
HARRISBURG, PA 17111
(Nall) 937-0004
Principal Amount: $324,999.90 Date of Agreement: November 22, 2010
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the above-referenced loan Is hereby extended from December 1, 2010 to January
1, 2011.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, Including all
agreements evidenced or securing the obligation(s), remain unchanged and in hull force and effect. Consent by Lender to this Agreement does
not waive Lendors right to strict performance of the ebllgatlon(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s), It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser. Including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lander that the non-aigning party consents to the changes and provisions of this Agreement or otherwise will not be released
ey it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
REFERENCE TO LENDER. This Change in Terms Agreement is being made by Metro Bank formerly known as Commerce Bank / Harrisburg, N.A.
CONFESSION OF JUDGMENT, BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
1 PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE AND WITH OR WITHOUT COMPLAINT FILED. CONFESS OR ENTER JUDGMENT
AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE CHARGES AND ANY AND
ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THIS NOTE, 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 (5500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR
MORE EXECUTIONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING, THIS NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALL
BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER 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 NOTE. BORROWER HEREBY WAIVES ANY RIGHT BORROWER 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 BORROWER'S ATTENTION OR BORROWER HAS BEEN
REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS AVENUE LIMITED PARTNERSHIP
Partnership
Lw 000 L..* O, vim. t.O.'s-M Cq4 $.M. ,> M ,90r, am N M" A-- - 0A A'KTILLCN6iVC1C TGwOlM M-
DISCLOSURE FOR CONFESSION OF JUDGMENT
THE UNDERSIGNED 15 EXECUTING ON BEHALF OF DECLARANT, THIS 22°° DAY OF NOVEMBER, 2010, A CHANGE IN TERMS
AGREEMENT TO THE PROMISSORY NOTE FOR $324,999.90 (LOAN NUMBER 3178888) OBLIGATING DECLARANT TO REPAY THAT
AMOUNT.
A. THE UNDERSIGNED UNDERSTANDS THAT THE NOTE AND THE CHANGE IN TERMS AGREEMENT CONTAINS A
CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER JUDGMENT AGAINST DECLARANT IN
COURT, AFTER A DEFAULT ON THE NOTE AS AMENDED, WITHOUT ADVANCE NOTICE TO DECLARANT AND WITHOUT
OFFERING DECLARANT AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE CHANGE IN
TERMS AGREEMENT, BEING FULLY AWARE OF DECLARANT'S RIGHTS TO ADVANCE NOTICE AND TO A HEARING TO CONTEST
THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS THAT LENDER MAY ASSERT AGAINST DECLARANT UNDER THE NOTE
AS AMENDED, THE UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY
WAIVING THESE RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND THE
UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO LENDER'S ENTERING JUDGMENT AGAINST DECLARANT BY
CONFESSIO TIP VIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION.
INITIALS:
B. THE UNDERSIGNED FURTHER UNDERSTANDS THAT IN ADDITION TO GIVING LENDER THE RIGHT TO ENTER
JUDGMENTAGAINST DECLARANT WITHOUTADVANCE NOTICE OR A HEARING, THE CONFESSION OF JUDGMENT PROVISION
IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT ALSO CONTAIN 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 DECLARANT'S PROPERTY,
IN FULL OR PARTIAL PAYMENT OF THE JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT, BEING FULLY
AWARE OF DECLARANT'S RIGHTS TO ADVANCE NOTICE AND A HEARING AFTER JUDGMENT 15 ENTERED AND BEFORE
EXECUTION ON THE JUDGMENT, THE UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND THE UNDER5IGNED EXPRESSLY AGREES AND CONSENTS TO LENDER'S
IMMEDIATELY EXECUTING ON THE JUDGMENT IN ANY MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW,
WITHOUT GAING DECLARANT ANY ADVANCE NOTICE.
INITIALS: M'1
C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE APPLICABLE, BY
INITIALING EACH STATEMENT THAT APPLIES, THE UNDERSIGNED REPRESENTS THAT:
INITIALS:
1. DECLARANT WAS REPRESENTED BY DECLARANT'S OWN INDEPENDENT LEGAL COUNSEL IN
CONNE I N WITH THE NOTE AND THIS CHANGE IN TERMS AGREEMENT.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT PROVISION IN
THE NO AND THIS CHANGE IN TERMS AGREEMENTTO DECLARANT'S ATTENTION.
THIS DISCLOSURj1S GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DISCLOSURE IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEA O INSTRUMENT ACCORDING TO LAW.
DECLARANT: ESS AVENUE LIMITED PARTNERSHIP
BY:
DUSAN
(SEAL)
C, GENERAL PARTNER OF PROGRESS AVENUE LIMITED PARTNERSHIP
DISCLOSURE FOR CONFESSION OFJUDGMh-
THE UNDERSIGNED IS EXECUTING ON BEHALF OF THIS 17th DAY F
NUMBER 3078 88),OBLI6ATINGADENGE IN CLARANT rT0
AGREEMENT TO THE PROMISSORY NOTE FOR $324,999.90
REPAY THAT AMOUNT.
A. THE UNDERSIGNED UNDERSTANDS THAT THE NOTE AND THE CHANGE IN TERMS AGREEMENT
CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER JUDGMENT
AGAINST DECLARANT IN COURT, AFTER A DEFAULT ON THE NOTE AS AMENDED, WITHOUT ADVANCE NOTICE TO
DECLARANT AND WITHOUT OFFERING DECLARANT AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF
JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT, BEING FULLY AWARE OF DECLARANT'S RIGHTS
TO ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS
THAT LENDER MAY ASSERT AGAINST DECLARANT UNDER THE NOTE AS AMENDED, THE UNDERSIGNED, ON
BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE RIGHTS,
BY UNDERSIGNED
FESS ON EXPRESSLY
INCLUDING ANY RIGHT TO ADVANCE
AS
NDER'S NOTICE ENTERING JUDGMENT AND THE
AGREES AND CONSENTS TO
PROVIDED F IN THE NFESSION OF JUDGMENT PROVISION.
INITIALS:
B. THE UNDERSIGNED FURTHER UNDERSTANDSTHAT IN ADDITION TO GIVING LENDER THE RIGHT TO
THE CONFESSION OF
ENTER JUDGMENT AGAINST DECLARANT WITHOUT ADVANCE NOTICE OR A HEARING,
JUDGMENT PROVISION IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT ALSO CONTAIN LANGUAGE
THAT WOULD PERMIT LENDER, AFTER ENTRY OF JUDGMENT, AGAIN WITHOUT EITHER ADVANCE NOTICE OR A
LEVYING ON TAKING
HEARING, TO EXECUTE ON THE JUDGMENT BY FORECLOSING UPON, ATTACHING,
POSSESSION OF OR OTHERWISE SEIZING DECLARANT'S PROPERTY, IN FULL OR PARTIAL PAYMENT OF THE
JUDGMENT. IN EXECUTING THE CHANGE IN TERMS
AFTER UDGMENTES, EBEING NTERED AND BEFORE DEXECUT?ION,SON RIGHTS
THE
TO ADVANCE NOTICE AND A H
JUDGMENT, THE UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND THE UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO
LENDER'S IMMEDIATELY EXECUTING ON THE JUDGMENT IN ANY MANNER PERMITTED BY APPLICABLE STATE
AND FEDERAL LAW, WITHOUT GIVING DECLARANT ANY ADVANCE NOTICE.
INITIALS:
C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE
APPLICABLE, BY INITIALING EACH STATEMENT THATAPPLIES, THE UNDERSIGNED. REPRESENTSTHAT:
INITIAL ONE BELOW:
R1. DECLARANT WAS REPRESENTED BY DECLARANT'S OWN INDEPENDENT LEGAL COUNSEL IN
CONNECTI N WITH THE NOTE AND THIS CHANGE IN TERMS AGREEMENT.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT
PROVISION IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENTTO DECLARANTS ATTENTION.
THIS DISCL SURE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DISCLOSURE IS AND SHALL CONSTITUTE AND
HAVE THE IdFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
ROGRESS AVENUE LIMITED PARTNERSHIP
(SEAL)
BY:
DUS BRATtC, GENERAL PARTNER OF PROGRESS AVENUE LIMITED PARTNERSHIP
APR-27-2010 12:52 P•0'4 0
Hf" m-e-3-Gins 14- YJ7 IGRI.C JJUUUI'IGIV I1'I I lUly r i r
`G
CHANGE IN TERMS AREEMENT
Principal loan Date Maturity Loan No tau / Con Account Initials.
$324,989-90 07-16-2004 06.01-201D 3178888 ?24 t'_
Referenoes In Die boxes above its for Lender's use only and do not limit the applicability of this document to any particular klim- 1 itent.
Any item above containing ""'" has been omitted due to text IOn th limitations.
Borrower Progress Avenue Limited Partnership Lender: METRO BANK
101 V. a. Route 1'S South COMMERCIAL BUSINESS DEPARTMEN,*. r;.
Dlltsburq, FA 17019 3601 PAXTON STREET
HARRISBURG, PA 17111
(61A) 93T-0e04 ???,
Principal Amount: $324.999.90 Date of Agreement: Aprt 2010,
DESCRIPTION OF CHANGE IN TERMS. Tice maturity date for the above-refOrenced loan Is hereby extended from May 1, 2010 t4 A ?e 1.2010,
ll
d
d
i
g r,xcl
u
ing s
on or
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the or4nal obligat
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lander to this 4I$emettl dons
not waive Landar'a right tC strict peAOmlance of the obligaton(s) as chiny@d, nor obligate Lender to make any future Change to Nothing,
in this Agreement will constitute a ssti6fscti0n of the obligation(s), it Is th0 Intention of Lender to retain as liable partieAiaker9 end
endorsers of the original obligation(s), including accommodation parties, unless a party it expressly released by Lender in wrlUng ;-i, maker or
endorser, including accommodation makers, will not be released by virtua of this Agreement, If any person who signed the 6. obligation ;
does not sign this Afire rnant below, then all persons signing below acknowledge that this Agreement is given oondillcnalry,' ad On tale,:.: ,.;
representation to Lender that the non?igning party consents to the changes and provisions of this Agreement or Otherwise Nell m.4 -Ae relaaaad
by it. Tnis wsivor applies not only to any initial extenaian, Axwcallon or release, but also to all such subsequent actlons,
REFERENCE TO LENDER This Change in Terns Agreement is being made by Metro Bank formerly known as Commerce Bank / h?Lrg. NA. ±
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORJ?C-' OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR; AT=ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENl'W? .UUDGMENT :.
.
AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE CHARGES.;?ANY AVID
ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THIS NOTE, TOGETH 1±fH COS`t5
t
OF SUIT, AND AN ATTORNEY'S COMMISSION OF TEN PERCENT (10%) OF THE UNPAID PRINCIPAL BALANCE AND ACCRUED' M FOR
COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS ($500) ON WHICH JUDGMENT OR JUDGONE QR
MORE EXECUTIONS MAY ISSUE IMMEDIATELY: AND FOR $O DOING, THIS NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFfP&VIT SHALL
tilt SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER SHALL NOT BE
EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY, BUT SHALL CONTINUE FROM TIME TO TIME AND AT ALL TIMES UNTIL?MENTIN----
FULL OF ALL AMOUNTS DUE UNDER THIS NOTE BORROWER HEREBY WAIVES ANY RIGHT BORROWER MAY HAVE TO NgTICE OR TO A
HEARING IN CONNECTION WITH ANY SUCH CONFESSION OF JUDGMENT AND STATES THAT EITHER A REPRESENTATIVegF LENDER
-
AS BEEN
SPECIFICALLY CALMED THIS CONFESSION OF JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER;E
REPRESENTED BY INDEPENDENT LEGAL COUNSEL
Y
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AP(1;I. HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. *RROWER
AGREES TO THYTERMS OF THE AGREEMENT.
'BORROWER
PROGRESS MUE LIMITED PARTNEAUMP
By:
Pusan Waft, General Partner of Progress Avenue
Limile Partnership
-n sn.,u., aw cow c., .,, Mu+e. ?. Im. sta. mmm
N1?'d?k
FEB-25-2010 14:19 (1 r :Au o
r?.u.
r?n-cc- xulYJ 1J• J4 crr'-M 1Jut-ul•ILIV I n I IL7v
CHANGE IN Tf:RMS AGREEMENT
P. 05/05
r. ruti,o ru,)
Principal Loan Date Maturity Loan No Call / Coil Account Officer Initials
$324,999 90 07-16.2004 45-01-2010 31T$888 2204
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any Item above. gcntainIng -m nos been ornitted due to text length limitations.
Borrower: Progress Avenue Llmieed partnership
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender. METRO BANK
COMMERCIAL BUSINESS DEPARTMENT
3801PAXTON STREET
HARRISBURG, PA 17111
(899) 937-0004
Principal Amount: $324,999.90 Date of Agreement: February z2, 2010
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the above-referenced loan is hereby extended from March 1, 2010 to May 1.
2010.
CONTINUING VALIDITY. Except as expressly changed by Mls Agreement, the terms of the original obligation or obligations. including all
agreements evidenced or securing the obligation(s), rema?R Lrienanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terns. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the Intention of Lender to retain as liable psrtles all makers and
endorsers of the original obligation(s). including accommodation parties, unless a party is expressly released by Lender in writing, Any maker or
endorser, including sccommodation makers, will not be released by virtue of this Agreement. If any person wr+o signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based an tnr
representation to Lender that the non-signing party consents to the changes and, provisions of this Agreement or olhenviso will not be released
by it. This waiver applies not only to any initial extension. modipcetlon or release, but also to all such subsequent actions.
REFERENCE TO LENDER This Change in Terms Agreement is being made by Metro Bank formerly known as Commerce Bank I Harrc;burg, NA.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHCRI7-ES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE AND WITH OR WITHOUT COMPLAINT FILED. CONFESS OR ENTER JUDGMENT
AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE: CHARGES AND ANY AND
ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THIS NOTE, TOGETHER WITH COSTS
OF SUIT, AND AN ATTORNEY'S COMMISSION OF TEN PERCENT (10%) OF THE UNPAID PRINCIPAL BALANCE 4WD ACCRUED INTEREST FOR
COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS ($500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR
MORE UECLMONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING, THIS NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALL
BE SUFFICIENT WARRMT. THE AUTHORITY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER SMALL 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 NOTE. BORROWER HEREBY WAIVES ANY RIGHT BORROWER 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* BORROWER'S ATTENTION OR BORROWER HAS BEEN
REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER,
f
PROGRESS ENUE LIMITED PARTNERSHIP
By Seal)
Dusa rot e, General Partner o Progress Avenue
Llmlt Partnership
IAA"MGL-ft. W.. CO.%Co, CY' M70 Y%,Wa -" •.. %Vllr.Ip1R:IC TW-121" Full
TOTAL'P.05
CHANGE IN TERMS AGREEMENT
Principal Loan Date maltulity Loan No Call I Coll T Account Officer Initials
7- I 07-16-2004 03-01-2010 3178888 2204
$324,999.90
Rererenoes in the boxes above are rot Lender's use only and do not limit the applicability or this document to any particular loan or item.
Any item above containing has beers omht due to text length limitations.
Borrower: Progress Avenue Limited Partnembip Lender. METRO BANK
101 U. S. Route 1 S South COMMERCIAL BUSINESS DEPARTMENT
Dlllseurg, PA 17019 3801 PAXTON STREET'
HARRISBURG, PA 17111
(888) 937.0004
? r n rsi
Principal Amount: $32x999.90 Date of Agreement: November 20, 2009
DESCRIPTION OF CHANGE IN TERMS. The maturity Cate for the above-referenced loan is hereby Extended from December 1, 2009 to March
1, 2010,
CONTINUING VALIDITY. Except as expressly changed by this Agreement. Aria terms of the original obligation or obllgadons, Including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Content oy Lender to this Agreement does
not waive Lender's right to strict porformanee of the obligation(s) as changed, nor obligate Lender to make any future change In terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation Parties, unless a party is exprossly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by vine of this Agreement. If any person -tic signed the original obligation
does not sign this Agreement below. Then all persons signing below acknowledge that this Agreement is given condMonally, based on the
reprecent3tion to Lender gtet the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be releaseo
by it. This waiver applies not only to any Wliat extension, modification or release, but also to all such subsequent actions.
REFERENCE TO LENDER. This Change in Terms Agreement is being made by Metro Bank formerly known as Commerce Bank I Harrisburg, N,A,
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE. TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS NOTE AND WITH OR WITHOUT COMPLAINT FILED. CONFESS OR ENTER JUDGMENT
AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE CHARGES AND ANY AND
ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING THIS NOTE, 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 NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALL
BE SUFFICIENT WARRANT, THE AUTHORITY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER 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 NOTE. BORROWER HEREBY WANES ANY RIGHT BORROWER 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 BORROWER'S ATTENTION OR BORROWER HAS BEEN
REPRESENTED BY INDEPENDENT LEGAL COUNSEL
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT 13 INTENDED THAT THIS AGREEMENT 19 AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, BORROWER
AGREES TO THE 'FERNS OF THE AGREEMENT.
BORROWER,
PROGRESS
Parlnership
M1NC M11 NrM Yv W'*"I CW 'ter l+lrf?l }a,/?w, N{ 1,N IM rice, ??+.Y • ?? 1`C/ 4 O-t n 'b-,W ?4 ry
7T •7T ann7_b7_nnN
DIS-OSURE FOR CONFESSION OF JUT;` .AF-NT
THE UNDERSIGNED IS EXECUTING ON BEHALF OF DECLARANT. THIS 20" DAY OF NOVLMBER, 200Y. A CHANGE IN
TERMS AGREEMENT TO THE PROMISSORY NOTE FOR $324,999.90 (LOAN NUMBER 3178888) OBLIGATING
DECLARANT TO REPAY THAT AMOUNT.
A. THE UNDERSIGNED UNDERSTANDS THAT THE NOTE AND THE CHANGE IN TERMS
AGREEMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO
ENTER )UDGMFNT AGAINST DECLARANT IN COURT, AFTER A DEFAULT ON THE NOTE AS AMENDED,
WITHOUT ADVANCE NOTICE TO DECLARANT AND WITHOUT OFFERING DECLARANT AN OPPORTUNITY
TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT,
BEING FULLY AWARE OF DECLARANC'S RIGHTS TO ADVANCE NOTICE AND TO A HEARING TO CONTEST
THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS THAT LENDER MAY ASSERT AGAINST
DECLARANT UNDER THE NOTE AS AMENDED, THE UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS
KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE RIGHTS, INCLUDING ANY RIGHT To
ADVANCE- NOTICE OF THE ENTRY OF JUDGMENT, AND THE UNDERSIGNED EXPRESSLY AGREES AND
CONSENTS TO LENDER'S ENTERING JUDGMENT AGAINST DECLARANT BY CONFESSION AS PROVIDED
FOR IN THE CONrESSiO?GMENT PROVISION.
y INITIALS:
B. THE UNDERSIGNED FURTHER UNDERSTANDS THAT IN ADDITION TO GIVING LENDER THE
RIGHT TO EN'rER JUDGMENT AGAINST DECLARANT WITHOUT ADVANCE NOTICE OR A HEARING, THk
CONFESSION OF JUDGMENT PROVISION IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT ALSO
CONTAIN LANGUAGE THAT WOULD PERMIT LENDER, AFTER ENTRY OF JUDGMENT, AGAIN WiTI{OUT
EITHER ADVANCE NOTICE OR A HEARING, 1.0 EXECUTE ON THE JUDGMENT BY FORECLOSING UPON,
ATTACHING, LEVYING ON, TAKING POSSESSION OF OR OTHERWISE SEIZING DECLARANT'S PROPERTY, M
FULL OR PARTIAL PAYMENT OF THE JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT,
BEING FULLY AWARE OF DECLARANT'S RIGHTS TO ADVANCE NOTICE AND A HEARING AFTER
JUDGMENT IS ENTERED AND SEFORB EXECUTION ON THE JUDGMENT, THE UNDERSIGNED, ON BEHALF
OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY AND VOLUNTARILY WAIVING THESE RIGHTS,
AND THE UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO LENDER'S IMMEDIATELY EXECUTING
ON 114E JUDGMENT IN ANY M NNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW, WITHOUT
GIVING DECLARANT ANl ANCE NOTICE.
li INITIALS:
C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS ARE
APPLICABLE, BY INITIALING EACH STATEMENT THAT APPLIES, THE UNDERSIGNED REPRESENTS THAT:
q _.INITIALS:
1. DECLARANT WAS REPRESENTED BY DECLARANT'S OWN INDEPENDENT LEGAL
COUNSEL IN CONNECTION Winl THE NOTE AND THIS CHANGE IN TERMS AGREEMENT.
2. A REPRESENTATIVE. OF LENDER SPECIFICALLY CALLED THE CONFESSION OF
JUDGMENT PROVISION IN THE NOTF AND T141S CHANGE IN TERMS AGREEMENT TO DECLARANT'S
ATTENTION. _
1) ly
IBIS DiSCLOSU
IS GIVEN UNDER SEAL AND IT 1S INTENDED THAT THIS DISCLOSURE IS AND SHALL
CONSTITUTE AN HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
DECLARANT: PR •SS AVENUE LIMITED QaR-rNFRCkro
BY:
DUSAN B
(SEAL)
OF PROGR$SS AVENUE LIMITED PARTNERSHIP
TIC. GENERAL PAR
DISCLOSURE FOR CONFESSION OF JUDGMENT
THE UNDERSIGNED IS EXECUTING ON BEHALF OF DECLARANT, THIS _!-S-'- DAY OF 054" ? ,
20 , A CHANGE IN TERMS AGREEMENT TO THE PROMISSORY NOTE FOR $324.999.90 (Loan #3178888)
OBLIGATING DECLARANT TO REPAY THAT AMOUNT.
A. THE UNDERSIGNED UNDERSTANDS THAT THE NOTE AND THE CHANGE IN TERMS
AGREEMENT CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER
TO ENTER JUDGMENT AGAINST DECLARANT IN COURT, AFTER A DEFAULT ON THE NOTE AS
AMENDED, WITHOUT ADVANCE NOTICE TO DECLARANT AND WITHOUT OFFERING DECLARANT
AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE CHANGE
IN TERMS AGREEMENT, BEING FULLY AWARE OF DECLARANT'S RIGHTS TO ADVANCE NOTICE
AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS THAT
LENDER MAY ASSERT AGAINST DECLARANT UNDER THE NOTE AS AMENDED, THE
UNDERSIGNED, ON BEHALF OF THE DECLARANT, IS KNOWINGLY, INTELLIGENTLY, AND
VOLUNTARILY WAIVING THESE RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE
ENTRY OF JUDGMENT, AND THE UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO
LENDER'S ELATE NG JUDGMENT AGAINST DECLARANT BY CONFESSION AS PROVIDED FOR IN
THE CONFfr OF JUDGMENT PROVISION.
INITIALS.
B. THE UNDERSIGNED FURTHER UNDERSTANDS THAT IN ADDITION TO GIVING
LENDER THE RIGHT TO ENTER JUDGMENT AGAINST DECLARANT WITHOUT ADVANCE NOTICE OR
A HEARING, THE CONFESSION OF JUDGMENT PROVISION IN THE NOTE AND THIS CHANGE IN
TERMS AGREEMENT ALSO CONTAIN 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 DECLARANT'S PROPERTY, IN FULL OR PARTIAL PAYMENT OF THE
JUDGMENT. IN EXECUTING THE CHANGE IN TERMS AGREEMENT, BEING FULLY AWARE OF
DECLARANT'S RIGHTS TO ADVANCE NOTICE AND A HEARING AFTER JUDGMENT IS ENTERED
AND BEFORE EXECUTION ON THE JUDGMENT, THE UNDERSIGNED, ON BEHALF OF THE
DECLARANT, IS KNOWINGLY, INTELLIGENTLY AND VOLUNTARILY WAIVING THESE RIGHTS, AND
THE UNDERSIGNED EXPRESSLY AGREES AND CONSENTS TO LENDER'S IMMEDIATELY
EXECUTING ON E JUDGMENT IN ANY MANNER PERMITTED BY APPLICABLE STATE AND
FEDERA W THOUT GIVING DECLARANT ANY ADVANCE NOTICE.
INITIALS:
C. AFTER HAVING READ AND DETERMINED WHICH OF THE FOLLOWING STATEMENTS
ARE APPLICABLE, BY INITIALING EACH STATEMENT THAT APPLIES, THE UNDERSIGNED
REPRESENTS THAT:
INITIALS
-I. DECLARANT WAS REPRESENTED BY DECLARANT'S OWN INDEPENDENT LEGAL
CO I CONNECTION WITH THE NOTE AND THIS CHANGE IN TERMS AGREEMENT.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF
JUD NT PROVISION IN THE NOTE AND THIS CHANGE IN TERMS AGREEMENT TO DECLARANT'S
ATTENTION.
T0'd ?ti101
CHANGE IN TERMS AGREEMENT
Loan Date Maturity Loan No calliCou Account Officer inH
Principal 2204
24 999.90 07-16-2004 0930-2009 31788
nY particular loan or item.
been cm neapClue to?fit?ext Ien is do ?? ors e
Rdwancas in the oozes above
Anv item shove e'3 u ni^ my and do not
9orrower: 10 ?sSAv Route nu 1s t filled Partnership S*uth
Dllisbarg, PA 17019
Lender. METRO BANK
COMMEROIAL BUSINESS OEPARTINENT
3601 pAXTON STREET
HARRISBURG, PA 11111
(Sae)$37-0004
Principal Amount: $324,999.90 Date of Agreement: September 1, 2009
DE'ScRIPT10N OF CHANGE IN TERMS. The maturity dste for the above-referenced loan is hereby extended from August 31, 2009 to
September 30, 2009.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terns of the original obligation or obligations, including ell . Consent
Lender to
obllgate Lendertto make anyyfuture change nterms. eNothing
this agreements evidenced se teict f of the obligation(s) ration(s) at changed. nuor force
as liab
not waive Lendofs right t to awct performance t is the
retain
Lender to
ntention
maker or
and in this Agreement 'D 1atfilo m? satisfaction parties, lunless a pally is @%pros* released by Lendarrl n'wrIting oiAl makers
(s)' ?
endorsers of the original o
endorser. including s coommo dadon makers, Will not he released by vtrule of this Agrer:mcnt, If any poison who signed the origins obligation thi
based on the
does not sign this Agreement t below, than all perwiIi alto thelcchhanges ands prrovis ons of ihisrAgreemlentgoreotherwise win no ee released
Qy oy ij. Triia wen to Lender nder th thall t the non*igning paM
it. This waiver applies not only to any initial extension, modlficatian or release, but also to all such subsequent actions,
REFERENCE TO LENDER This Charge In Terms Agreement is being made by Metro Bank formerly known as Commerce Bank / Harrisburg. N.A.
THIS AGREEMENT IS. GIVEN UNDER SEAL AND IT 15 INTENDED THAT THIS AGPEEWENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING R S OF THE AGREEMENT. READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. 80RROWER
AGREES T E
BORROWER:
limited Partnorshlp
410a.wub.?.... f?taa?. ow?....r rr..w ?r,4d+n. API, ?+?a?a •p, :fcr,in?sft/e TV11Y• van
G
CHANGE IN TERMS AGREEMENT
Principal Loan Date Maturity Loan No Cali / Coll Account Officer Initials
$324,999.90 07-16-2004 08-31-2009 3178888 T 1 2204
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "I"" has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership Lender: COMMERCE BANK / HARRISBURG T/D/B/A METRO
101 U. S. Route 15 South BANK
Dillsburg, PA 17019 COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(888) 937-0004
Principal Amount: $324,999.90 Date of Agreement: July 21, 2009
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the above-referenced loan is hereby extended from July 31, 2009 to August 31,
2009.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
REFERENCE TO LENDER. This Change in Terms Agreement is being made by Commerce Bank / Harrisburg t/d/b/a Metro Bank formerly known
as Commerce Bank / Harrisburg, N.A.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS
By:U .
Dus Bratic, General Partner of Progress Avenue
Limited Partnership
LASER PRO Lw*VS VW. 5.15.00.001 Cop. 880800 F%.n Sd. l . Me 1997. 2008. N RI,M$ Rft v - PA SACFNPL1020C.FC 7R-12291 PR-1S
JUN-02-2009 16:16
P.33/24
CHANGE IN TERMS AGREEMEN,,('
Principal Loan Date Maturity Loan No Calt !Coll Account OfZOc4er Initials
5325,000.00 07-16-2004 07-31-2009 3178888
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANKMARRISBURG
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(888) 937-0004
Principal Amount: $325,000.00 Initial Rate: 3.750% Date of Agreement: May 28, 2009
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the above-referenced loan is hereby extended from May 31, 2009 to July 31,
2009.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the abligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, Including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS A / E LIMITED PARTNERSHIP
ey:.
Dusan/ erotic, General Partner of Progress Ave
Limited Partnership
W. WI$
--' U.0t11 MO I.,MM• v.,. ?AO.OO.etO NM. YN,N MYIeW 7,IetgM. I,e. 1n., men .n .•....•.-.o. - -.....-...L..-.....,. ...-.._.. . _-
Ck"\NGE IN'TERMS AGREEMENT
:` ccount officer Init
Loan No call !con 2204
principal Loan Date Maturity
5324.999.90 07-16-200A 05-31-2009 3178688 it the spplic articular loan or .tem.
abiltty of this document to any P
Refe r ences in the boxes about ender's use only and do not lim
Any arc item for L above containing - has been omitted due to text length limitationa-
G
10 1 U. progress Avenue a 75 Sot" h Partnership
Borrower:
Dillaburg, PA 17019
Lender: COMMERCE B, ANKJHAKRISBUR
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(8881337-0004.
Initial Rate: 3.750% Date of Agreement: March 24, LUUV
Principal Amount: $324,999.90
for the above•rekrencad town is hereby extended from March 31, 2009 to May .. .
maturity dace
DESCRIPTION OF CHANGE IN TERMS. The mat
or obligations, including et
2009.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obllpation
effe, onsent not waive evidenced securing peHo performance of(rhe ci g'ationts)as c angeo, nor obigatelendertTo make any future crhangel nAterms. Nothing
not waive lender's right t t It is the intention of Lender to retain as liable parties all m
in or Agreement wn constitute a satisfaction inof the lotion pa e(al•
endorser, i makers and
endorsers n the original rimod ioon akers, will not be released by virtue of this Agreement. 11 any person who signed the original obligation
an the
eiu accommoation makers.
releaseo
consents to the changes an provisions of h sr Agreement or otherwise willynotebed
does hat sign this his Agreement below, then all persons
exrenalon, modification or release, but also to all such subsequent actions.
representation
by it t Thhis waiis yuvtoer Lender applle9 that not the only T to o any initial any init party
THIS AGREEMENT IS GIVEN UNDER SEAL ANO IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PR10R TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE
BORROWER:
PROGRESS *I-NUE LIMITED
By-
_-, oa,r,.w nt Vroorass AV9nae
Limit d Partnership
w. CAI. aM •r M?•• •.r..a. . •• ? ryrv.h10.-eC.K ••,•fn, rw•.
?•rL4 ,e0 wpm.. V,,. wMM.? O?W hMw? / m? fsMm?
TOTAL P-03
20/20' d LV : OT 6002-t7Z-NI,VJ
S0 ' d -1H101
*?•-CHANGE IN TERMS AGREEN---JT
Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials
$325,000.00 07-16-2004 03-31-2009 3178888 2204
_
References in the Doses above are for Lender'; uea only and do not limit the applicabliity of ihi; document to any particular loan or item.
Any item above containing ""'° has been omitted due to text length limitarions.
Borrower: Programs Avenue Limited Partnership
101 U. S. Route 15 South
Dllsburg, PA 17913
Lender: COMMERCE BANK/HARRISBURG
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
1888) 937.0004
Principal Amount: 5325,000.00 Initial Rate: 3.750% Date of Agreement: February 24, 2009
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the abovo-rafereneed loan is hereby extended from January 31. 2009 to March
31, 2003. This Change in Terms Agrooment is decrned to have been effective as of January 31, 2009.
CONTINUING VALIDITY. Except as expressly changed by this Agreement the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full forco and effect. Consent by Lender to this Agreemert does
not waive Lender's right to strict performance of the obllgation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will.constitute a satisfaction of the obligation(s), it is the intention of Londer to retain as liable parties all makers and
endorsers of the original obligation(s), including aceommodadon parties, unless a party is expressly rclmavcd by Lender in writing. .any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any parson who signed the original obligation
does not sign this Agreement belo-, then all persons signing below acknowledge that this Agreement is given conditionally. based on the
representation to Lender Thai the non-signing party consents to the chan9ps and provisions of this Agreement or otherwise will not be released
by it. This waivrr applies not only to any Initlal extension, modification or releaso, out also to ell tiuch subvequent actions.
THIS AGREEMENT IS G)VEN,UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. 8ORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS AVEN E LIMITED PARTNERSHIP
BY (Seal)
Dusan Braric, Gctierat Partner of Progro" Avenue
Limited Partnership
La1tA Poo L"-4. W f 10 U%3 CO. 4mum rp ., ^.14WA i¢ If". xa. AI Pwm auw. N 7--.ALLh1wH[ FC wk, 2411 M'#
r•n .r•n • ,
C k_,-NGE IN TERMS AGREEMENT.,
i;000.00 07-16-2004 O1- -
ferences in the boxes above era for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing has been omitted due to text length lirnkat'ion5.
Loan Date Maturity Loan No Call i Coll Account Officer Initials
31 2009 3178888 2204
y. Lender: COMMERCE BANNIHARRtSBURG
Borrower: Progress Avenue Limited Partnership COMMERCIAL BUSINESS DEPARTMENT
101 U. S. Route 15 South 3801 PAXTON STREET
Dillsburg, PA 17019 HARRISBURG, PA 17111
(88B) 937-0004
Principal Amount: $325,000.00 Initial Rata: 4.500% Date of Agreement, December 15, 2008
DESCRIPTION OF CHANGE IN TERMS. The maturity date for the above-referenced loan is hereby extended from December 30. 2008 to
5 January 31, 2009.
"CONTINUING VALIDITY. Except as expressly changed by this Agreement. the terms of the original obligation or obligations, including all
. aareomerttc evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consont by Lender to this Agreement does
not, waive Lender's right to strict performance of the obligation(s) os changed, nor obllgate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makcn, and
endorsers of the Original obligation(s), including accommodation parties, unless a puny Is expressly released by Lender in writing. Any maker or
ondomer, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents. to the changes and provisions of this Agreement or otherwise will not be releasod
by it. This waiver applies not only io any initial extension, modification or release, but also to all such subsequent actions.
!s=yTHIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT dF A SEALED INSTRUMENT ACCORDING TO LAW.
? ?rR]OR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNOE;WOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
'AGREES TO THE TERMS OF THE AGREEMENT.
?BOMOWEPt:
•,f
?iu'PROGIiESS AV LII I D PART RSHIP
By:
do-
?sy, Dusan racic, General Partner of Progress Avenue
Lim.ted Partnership
yl ---
L+JIn •?O lw?era `M O.giNA07 Cm ".011 I..YKM S,Fns 4K. logo. 50?. •/ ¦/rr'?••••-?• • •? f:.C01009M IC 19-4301
i/
ii
:F
.4
° T.
.F
::i
?'0'd ?H101 :-vrIANGE IN TERMS AGREENIkF
Loam No Can 1 Coll Account Officer Initials
Principal Loan Date Maturity 2204
:;;325,000.00 07-16-2004 12-30-2008 3178898 articular loan or item.
Fe(erances I- the boxes above ere for Lender's use only and do not limit the applicability of finis document to any p
has been omitted due to text length limitations.
Any item above containing -
er: Progress Avenue Limited Partnership Lender: COMMERCE ?ANKIHARRISBURG N.A.
Arrow COMMERCIgL BUSINESS DEPARTMENT
15 10t u, S. Route South 3801 PAXTON STREET
DiOoburg, PA 17001 19 HARRISBURG. PA 17111
1888) 937-0004
Date of Agreement: September 17, 2008
. Principal Amount: $325,000.00 Initial Rate: 5.5009
~
is hereby
:`DESCRIPTION OF CHANGE IN TERMS. The maturity dote for the above-referenced loan oztended from September 30. 2006 to
December 30, 2008.
co NTINUING VALIDITY. Except es expressly changed by this agreement, the terms of the original obligation or obligations, including a it force
and effec agreements a er' e 9 rremain unchanged and in
as changed, nuor obligate Lendertto make any f ture crhangef inAterms. oNo hing
not waive Lender's right t to strict performance
` in eh,s Agreement will constitute a sedsfaction of the Obtigation(6). It is the intention of Lender to retain as liable parties all makers 0nd released
der ker or
by Le
will not be re sad by virtue unless a his Agreement Ifl any person whops gned the o6giriial obligation
endorsers the original accommodation makers, ;ricludimg accommodation
endorser, including
below, then all persons signing below SCknOwledgo that this Agreement is given conditionally, based on The
does not.zlgn this Agreement
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension. modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER CC RDIND IT LAW?DED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
ACCORDING
';'?•'EFFECT OF A SEALED INSTRUMENT
' PRIOR TO SIGNING IS AGREEMENT. BORROWER MAD AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES •7,0 THE T NIS OF THE AGREEMENT.
•BpRR01MEA
PROGRESS VE LIMITED PARTN HIP
By.. (Seal)
Dusan Bratic, General Partner at Progress Avenue
Limited Partnership
.;s
W., 1, MOM LaY• ?r?.1 ArRL 7w.1Ma 4R. Ip?. 7mL Y IIM M? • la ?dG1•NLIII/OO.iC TL I}71/ IL 11
VIM MO Ly.WV ?
r•
f `
?i
TT -CT GR. n7_477__=C.
JUN-19-2008 17:49
JUN-19-200e 10;eb
CHANGE IN TERMS AGREEM,,04T
P. 02/03
Principal Loan Date Maturity Loan NO Call I Coll Account
T officer Initials
$325,000.00 107-16-2004 09-30-2008 3178886 1 - - - 1 2204
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
An item above containing ""*' has been omitted due to text length limitations.
Borrower; Progress Avenue Limited Partnerehip
101 U. S. Routs 16 South
Dillsburg, PA 17019
Lender: COMMERCE BANIUHARRLSBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3601 PAXTON STREET
HARRISBURG, PA 17111
(7171975-5630
Principal Amount: $325,000.00 a Initial Rate: 5.500% Date of Agreement: June 18, 2008
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from June 30, 2008 to September 30, 2005.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lander to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsors of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreemant below, then all persona signing below acknowledge that this Agreement is given conditionally, based oil the
representation to Lender that the non-cloning party consents to the changes and provisions of this'AgrBement or otherwise will not be released
oy it. This walver applies not only to any initial extension, modification or release, but also to all such subsequent actions,
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT 13 INTENDED THAT THIS AGMMENT IS AND SHALL CONSTITVTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ-AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT. '
BORROWER:
PROGRE916 A UE LIMITED pAR1
ey:
Dusaar Bratic, General Partner
Limited Partnerch*lp
W N ..p 1."ewe w,,, ).eam,?p N? n.eeeq Cq„re„ rwrimq Ile: iNf, ?/, Y ?,? ?4.?. • K 4?CnIL1410%C.rt A•I/tH ML IO
CHANGE IN TERMS AGREEMEN
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "**" has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 5.750% Date of Agreement: March 20, 2008
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from March 31, 2008 to June 30, 2008.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS AVE LIMITED PARTNI
By:.
Dusan ratic, General Partner o
Limited Partnership
USER PRO Lmdln9. V.1. 9.39.00.009 C, W. MulPnd R-i4 3o 60n,, hn:. 1997. 3009. A9 Riehn A.-d. - PA SACRYLPL102OC.PC TA-12291 PR-18
'Zo ' d _IH1G1
CHANGE IN TERMS AGREEMENT
References in the boxex above) are for Lender's use only and do not I;m;t rho applicability of th;t, documenl to any particular loan or ire M.
Any item above containing "' •'" has been omitted due to'text length Ilm;rations.
Borrower: Progress Avenue Limited Partnership
101 U. S. Route 15 South
0;113burg, PA 17019
Lender: COMMERCE BANKIHARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801PAXTON STREET
HARRISBURG. PA 17111
1717) 975-5630
Principal Amount: 5325,000.00 Initial Rate: 8.000% Date of Agreement: November 28, 2007
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity data from December 31, 2007 to March 31, 2003.
CONTINUING VALIDITY. Except as expressly changed by this Agreoment the terms of the original obligation cr obligetlono, including ail
agrcamonts ev;donced or securing the obligation(s), remain unchanged and in full force and offoct, Consent by Lender to this Agreement dons
not waive Lender's right to strict performance or the obligarion(s) as changed, nor obligate. Lander to make any futuro cnande in terms. Nothing
in this Agroament will con9titute a satisfaction of the obl;gationlM. it is the intention of Lender to retain as Lable parries all makurs and
endorsers of the original obligation(s). Including accommodation parries, unless a party;; expressly released by Lender in writing, Any maker or
endorsor, including accommodation makers, will nor be relaared by virrwO of this Agreement. It ony person v,ho signed the original obligation
does npt sign this Agreement bolow, then all oersons a;gning bolow acknowledge that this Agr4oment is given condltional)y, based on the
representaticn to Lender chat the non signing party consenta to the' changes and provisions of th;s Agreement or tahorwiyn will not bo released
by it. Thin waiver applies not only to any Initial tiviension, modification or releaso, but also to all such cubsequrnt actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED (NSTRUMENT ACCORDING TO LAW,
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER;
PROGRESS V UE LIMITED PARTN
By:
Du an re) c, General Partner o
Limited Pwilnevrhip
?.:ca..o t....,v. v... ! o?wos hM1 .wf.1 M1wtul i,yln.. Int. 10'J1 T317 •YNYo 4?,wU . r. •..u..r.s• ,,,..tnu.ll>iaK 1P V)71 r..lY a'-??? ??
yt..
i
RECEIVED
NOV 2 g 2007
!1
i
TOTRL P.Oa
f 9ANGE IN TERMS AGREEMENT
References in the boxes above are for Lender's use only and do not limit the apolicability of this dccumen[ to any particular loan or item, I
Any stern above containing """- has been omitted due to text length fimitaTlons. J
Borrower: Progress Avenue Limited Partnership
101 U. S. Routia 15 South
Dillsburg. PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801PAXTON STREET
HARRISBURG, PA 17111
(7171975-5630
Principal Amount: 9325,000,00 Initial Rate: 8,250% pate of Agreement: September 21, 2007
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from September 30, 2007 to December 31. 2007.
CONTINUING VALIDITY. Except as exprervdy changed by thin. Agreement, Tho term; of the original obligation or obligations. including all
agroornents evidenced or securing the obligationls), remain unchanged and in full forco and effect. Consent by Lender to this Agreement does
not weive Lender's right to strict performance of the obligation(s) as changed. nor obligate Lender to make any futura change in Terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s). including accommodation parties, unless a party is expressly released by Lender in writing. Any makor or
endorser. including accommodation makers. will not be released by virtue of this Agreement. if any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver apolios not only to sny initial oxtonsion, modification or release. but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT. BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS AVE
By:
Dusan aFatfo, Get
Limited Partnership
Avenue
l/bM ..10 MnOr/ /.- A. OO.N. C/w. Mul„V M.Kid 3.1.6mw 1M. 40. Mop. M c,[..? . i. 2w.,In?,//7??P,iW,Crh??10lK.rC •9.1!!?. ??.,1 R
..__ .._?•
e OK,
EIV
qtr 2OU7
DECEIVED
2007
?-`HANGE IN TERMS AGREEW' ''T
?yx?.y...fy...?:y......
.. tt::'....wx ? ? qu_ry_ .w?._-G'•.:.. t.........? «. ...?... .?..::?rl':L i4!.:.•.:.l.j._. ... _v.?.?Y- .::1??;.... .. ?? ?,. _ .L
Feference5 in the shaded area are for Lender's use only and do not 0m,t the applicability of this document to any particular loan or izom
Any itern above containing " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANKIHARRISeURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG. PA 17111
17171 975-5630
Principal Amount: $325,000.00 Initial Rate: 8.750% Date of Agreement: June 28, 2007
DESCRIPTION OF CHANGE IN TERMS. e?c:cnd the maturity dare from July 31, 2007 to September 30, 2007.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original abligaiion or obligations, including all
agreements evidenced or securing the obligation(s). remain unchanged wo in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obllgation(sl as changed. nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as sable parvef all makers and
rtndorsers of the original obligation(s). including accommodation parties, unless a party is expressly releeeed by Lender in wrizing. Any maker or
endorser, including accommodation makers, will not bo released by virtue of this Agreement. If any person who signed The original obliyati"n
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
repremonto tion to Lender that the non signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by z. This waivor oppl es not only to any initial extension, modification or release. but also to all ouch subseavam actions
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TEAMS OF THE AGREEMENT.
BORROWER:
PROGRESS AvANUE LIMITED PARTNERSHIP
By:. - :.:,.....- . (Seal)
Dugs Brune, General Partner of Pragress Avenue
Limited Partnership
• L+Bn.M lim _ %,-. 7.7j.oaoc+ C., r,n.wo r.. A.1 iYUNDa 1- 17.11.:077 \i aV1W - - . Yw q.Wniw.rC'LINIMtit.?llRlt'ioc 4 1m.Itot .. 1n - - - -
)at
-0,H
' NGE IN. TERMS AGREEML,.T
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing " * * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 8.750% Date of Agreement: May 3, 2007
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from May 31, 2007 to July 31, 2007.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS ENUE LIMITED NERSHIP
By (Seal)
Dusafi Bratic, General Partner of Progress Avenue
Limited Partnership
LASER PR0 Lwdi.. V- 126.OD. Cop, HHA d F-W S,4 ip"A Inc. 1997. 2007. A9 Righ,, Rm -d PA HAWINAPP5%LPWINICFA0L%D20C.FC TR-12291 PR-19
NPR-OS-2007 15 : 12 P.32/C4
L. MANGE IN TERMS AGREEMEN _
laffi a ::, :; ?h .
.i
:.0 f
R
:'sIL ;a
d
s'!P
I' `-Is
I'
xa?'
I
`,Ili)
.:::;, ; .::: •?: .::::i:i:...: ....::::: ? .. x:..........1.:81 I
20. (7
References in The shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "I"" has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Milsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
(7171 975-5630
Y
Principal Amount: 5325,000.00 Initial Rate: 8.750% Date of Agreement: March 7, 2007
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from March` 31, 2007 to May 31, 2007.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the ariglnal obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
nor waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to mako any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is oxpressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge That this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also To all such subsequent actions,
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
ITED PARTNERSHIP
By
Dusan Bratic, General Partner of Progress
Limited Partnership
cstnYnna??rL ??
Wsen rye Ln"eMl, vnr. 1.31.40,W4 COP. •"r?.diiit.nwt/!1/I•,IbnY,IM. 1011. 7c11. M/bra n/YM1:a. •r0. n:.wrN,•PI`]1lx,ul???q, ?„D}0?.._ 70•I):OI M.ta
MAR0?2d01
4p51k?f ' '
X
1ANGE IN TERMS AGREEME T
t
.#fc$? f?tf?as
I References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containinq "•"" has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN: Lender: COMMERCE BANK/HARRISBURG N.A.
25-1780583) COMMERCIAL BUSINESS DEPARTMENT
101 U. S. Route 15 South 3801 PAXTON STREET
Dillsburg, PA 17019 HARRISBURG, PA 17111
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 8.750% Date of Agreeme t: December 18, 2006
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date from January 31, 2007 to March 31, 2007. 7
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
RRIOR.:TE} SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL- THEPROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER: -
PROGRESS VENUE LIMITED PARTNERSHIP
By: (Seal)
Du an Bratic, General Partner of Progress Avenue
Limited Partnership
LASER PRO Lm6rp, Vv. S 00.00.004 Cope H,,I,n6 FA,-W S,1.6 . In.. 1997. 2006. All A.9- R--d 2A N:IWINAPPSILPWWCFIILPLIOZOC.FC TN IZ291 PR 16
RECEIVED
DEC 2.s. 20
id(
?s'd. ?a
12 ?e
IJ
CHANGE IN TERMS AGREEMENT
I Referercas in the shadcd area arc lur Lender's use only and do not limit the applicability ul this document to any particular loan or item.
Any item above containing "• has been ornined due to text length limitations.
Borrower: Progress Avcnuc Limited Partnership (TIN:
25.1780583)
101 U. S. Route 16 South
Dlllsburg. PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
3801 PAXTON STREET
HARRISBURG, PA 17111
f717) 975-6630
Principal Amount: $309.875.49 initial Hate: 8.750% Date of Agreement: November 30, 2006
DESCRIPTION OF CHANGE IN TERMS. Extend the maturity date trom November 30, 2006 to January 31, 2007,
CONTINUING VALIDITY, Except a5 expressly changed by this Agrucmunt, the terms of the original obligation or obligations, including al)
ar)reeltients evidenced or securing The obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waiva Lender's right to strict performance Of The Obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this A(jreernent will constitute a satisfaction of the abligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this AgrUrnent below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender That The non-Signing party consents to the changes and provisions of this Agreamont or otherwise will not be released
Uy It. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT 15 INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER
AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER:
PROGRESS AV UE LIMITED PARTNER HJP,
Dusan f/Bratic, General Partner of Progress Aven
Limited Partnership
'~•_ "927p L?NAy. V..-1.77.00.70, Caw...IMO/-1. fo,h-y IVW7. IOCL Aa N, I.A? A CA AAWMArrFjfNWIG91tnA9J1=.CC 72.137!1 MIS _J?=
C ?NGE IN TERMS AGREEMEA
., _Y.l/:Skit.Y!41.:T•.?:t:.+:.i.:.T.-.-:.-::._ . ........................................_._ -
References in the shaded area are for Lender's use only and do not limit the applicability of this document to
Any item above containing " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
M.
Principal Amount: $310,857.00 Initial Rate: 8.250% Date of Agreement: April 25, 2006
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from May 30, 2006 July 31, 2006.
PAYMENT. Borrower will pay this loan in one principal payment of $310,857.00 plus interest on July 31, 2006. This payment due on July 31,
2006, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all accrued unpaid
interest due as of each payment date, beginning April 1, 2006, with all subsequent interest payments to be due on the same day of each month
after that.
VARIABLE INTEREST RATE. The interest rate on this loan is subject to change from time to time based on changes in an independent index
which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest will be
used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the
term of this loan, Lender may designate a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 7.750% per annum. The interest rate to be applied to the unpaid principal balance during-
this loan will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 8.250% per annum. NOTICE: Under no
circumstances will the interest rate on this loan be more than the maximum rate allowed by applicable law.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
BORR
PROGREWAVENUE LIMITED PARTNERSHIP
By: G I ?`" _ (Seal)
Limited Partnership
USER PIIO La dY q. Vs 9.31M OW Cop N,,1wd F .6W S1W6O11. Inc 1997. 2006 A, Righl, fle-W. PA N:IWINAPPS%LPWINICFIILPL1020C.FC TR-12291 PR IS
G AGE IN TERMS AGREEMER
PrinClp;1:
Lgan Date ....
M?Ittr(ty.:.
Loan No
Call (Boll :
ACCUnt
fl##ICer
liitials '
529fl 376;49 07-16-0474 0?a.3Q 2x06' 3178888 2204
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "* * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Principal Amount: $290,375.49 Initial Rate: 7.750% Date of Agreement: January 27, 2006
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from February 28, 2006 to May 30, 2006.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal amount of Two Hundred Ninety Thousand Three Hundred Seventy-five &
49/100 Dollars (5290,375.49), together with interest on the unpaid principal balance from December 1, 2005, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $290,375.49 plus interest on May 30, 2006. This payment due on May 30,
2006, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all accrued unpaid
interest due as of each payment date, beginning January 1, 2006, with all subsequent interest payments to be due on the same day of each
month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to
principal; then to any unpaid collection costs; and then to any late charges. Interest on this Agreement is computed on a 365/360 simple
interest basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance,
multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown above or at
such other place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest
will be used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 7.250% per annum. The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 7.750% per annum. NOTICE: Under no
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement, and
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK/HARRISBURG
N.A., LOAN SERVICING, PO BOX 1195 CAMP HILL, PA 17011-1195.
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is entered in connection with this Agreement, interest will continue to accrue on this Agreement after
judgment at the interest rate applicable to this Agreement at the time judgment is entered.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower.
Default in Favor of Third Parties. Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the
Indebtedness. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with
Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an adequate reserve or bond for the dispute.
FED-D1-?1705 _7 5? P. 0151-11216
Jh<`1-G r-Geen GG-bG l.Ul'U'IGR?-C Dr11`Ir?
Ch. AGE IN TERMS AGREEMENT
I. BEN
env part
References in the shaded ar
Anv ea are for item above Lender's a use only and" has not limit the ap dlue bi ty oflthis d I u tilons cular loch or item. been ornitted to Borrower: Progress Avenue Urnitad Partnership
[TIN:
25-17805831
101 U. s. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE I
COMMRCALL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL. PA 17011
1717) 975.5630
Principal Amount: $290,375.49 Initial Rate: 7.750% Date of Agreement: January 27, 2006
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from February 28, 2006 to May 30, 2006.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower-) promises to pay 10 COMMERCE BANK/HARRISBURG N.A. I-Lender"l, or
order, in lawful money of the United Sates of America. the principal amount of Two Hundred Ninety Thoussnd Three Hundred Seventy-five &
491100 Dollars (3290,375.491. together with interest on the unpaid principal balance from December 1, 2005, until paid in full.
PAYMENT. Borrower will pay this loan In one principal payment of 3290,375,49 plus interest on May 30, 2006. This payment duo on May 30,
2006, will be for all principal and ell acwued interest not yet paid. In addition, Borrower will pay regular monthly payments of all accrued unpaid
interest due as of each payment date, beginning January 1, 2006, with all subsequent interest payments to be due on the same day of each
month after that. Unless otherwise agreed or required by applicable law, payments will be appled fast to any accrued unpaid interest; then to
principal; then to any unpaid collection costs; and then to any late charges. interest on this Agreement is computed on a 3651360 simple
interest basis; that is, by applying the ratio of the annual inurost rate over a year of 360 days, multipliod by the outstanding principal balance.
multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown about or at
such other place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on charges in an Independent
index which is the Prime Rate as published In the Money Rate Section of the Wall Street Journal. It a range of rates is published. the highest
-will be used. (the 'Index"). The Index is not necessarily the lowest rate charged by Lender on Its loans. If the Index becomes unavalleble during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make [oars
based on other rates as well. The Index currently is 7.250% per annum. The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 7.750% per annum. NOTICE: Under nc
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not ee
=ubject w refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for tre
foregoing. Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unlots agreeC
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, oarly
payments will reduce the principal balance due. eorrower agrees not to send Lender payments marked -paid in full", 'without recourse". or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement. br.d
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that Indicates that the payment constitutes "payment in full' of the amount owed or that ;s tendsred
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANKIHARRISBURG
N.A.. LOAN SERVICING. PO BOX 1195 CAMP HILL, PA 17011-1195,
LATE CHARGE, It a payment Is 10 days or more late. Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT, Upon default, including failure to pay upon fins) maturity. the total sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is aniered In connection with this Agreement, interest will cominue to accrue an this Agreement after
judgment at the interest rate applicable to this Agreement at the time judgment Is enured.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Defsult. Borrower fails to make any payment when duo under the Indebtedness.
Other Defaults. Borrower feilt to comply with or to perform any other term, obligation, covenant or condition contained in This Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement betwtcn Lender and Borrower.
Default in Favor of Third Panies. Borrower defaults under any loan, extension of credit, security agreement purchase or sales agreement.
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Porrower's abilitv
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any pally, to comply with or perform when due any term. obligation, covenant or condition contained in
any environmental agreement executed In connection with env Indebtedness.
False Statements. Any worrsnty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditor. any type of
creditor workout, or the commencement of any proceeding undev any bankruptcy or insolvency laws by or against Borrower.
Creditor or Ror o'ture Proceedings. Commencement or foreclosure er forfeiture proceedings, whether by judicia! proceeding. selr'help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral secvr:n9 the
Indebtedness. This includes a garnishment of any of Borrower': accounts, including deposit acceun:s, with Lender. However, this Event
of Default shall not apply if there Is a good faith dispute by Borrower as to the validity or reasonableness of the Claim -Mich it the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits -hh
Lander monies or a surety bond for the creditor or forfeiture proceeding. in an amount determined by Lender. ;n its sole discretior., as born;
an adequate reserve or bond for the dispute.
TOTAL P- E5
FED>-01-200G 17:54 P.02- QG
JH(''-C?-?bbC LG?YJ? UUI'll'It'KI.C OMYI?
CnANGE IN TERMS AGREEMENT Page 2
(Continued)
Loan No: 3178888
with respect to any Guarantor of any of the Indebtedness or any tantV
Event, Affecting Guarantor. Any t the preceding events occur6
but she l nlotbbe required C Ypermit the Guarantor. -estate to
ledneS Guarantor dies or this Note. Insthecevent tof a, death•Lender, at1its uoption. veliaitv of. or
assccd by in loin so, cure any event of
assumume unconditionally the obligations arming under the guaranty in a manner satisfactory to lender, and, fl
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or an•I
general partner dies or becomes incompetent,
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent 125'4( or more
in Borrower.
Aoverae Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure. a notice of a breach of the
Cure Provisions. II any default, other than a default in payment is curable and if Borrower has not been given
same provision of LNs Agreement within the preceding twelve (12) months, it may be cured it Borrower, after receiving wntten nonce frdrr,
Lender demanding cure of such default: 11) cures the default within fifteen (15) days: or (21 if the care reoures more than fifteen il5;
oon ysoecurc I ly clef ll jland thereafter
days. immediately initiates stapa which Lender deems in Lander's tole discretion sufficient
continues and completes all reasonable and necessary steps sufficient to produce compliance
LENDER'S RIGHTS. Upon default, Lender may. after giving such notices as required by applicable law. declare the entire unpaid pnncrp-
balance on this Agreement and all accrued unpaid interest immediately due. and then Borrower will pay that amount.
ATTORNEYS' FEES: EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pav. Borrower will
pay Lender that amount. This includes, subject w any limits under applioable law, Lender's attorneys' lees and Lender's legel expenses,
whether or not there is a lawsuit, including attorneys' lees, expenses for bankruptcy proceedings )including efforts to modify c: vacate any
automatic stay or injunction), and appeals If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all ocher
sums provided by law.
GOVERNING LAW. This Agreement will be governed by federal law applicable to Lender and. to the extent not preempted by federal law, the
laver, of the Commonwealth of Pennsylvania without regard to its conflicts of law provisions. This Agreement has been accepted by Lender in
the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by appllcablo law, Lender reserves a right of setoff In all Borrower's accounts with Lender (whether
checking, savings. or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which Setoff would be prohibited by
la,,. Borrower euihori:es Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such account!.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1st mortgage on the real estate
located at the intersection at Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg. Dauphin County, PA.
CONTINUING VALIDITY. Except as expraccly changed by this Agreement, the terms of the original obligation or ooligations. includlig ail
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Con!em by Lender to This Agreement does
not waive Lender's right to strict performance of the obtigatlonfsl as changed, nor obligate Lender to make env future change in terms. Nctn;ng
in tnis Agreement will rori tltute a satlsfaetion of the obllgatlon(s). It is the intention of Lender to ratan asi liable parties all naireri and
endorsers of the original obligation(s), including accommodation parties. unless a party is expressly released by Lender in writing: Any maker or
endorser, including accommodation makers. will not be released by virtue of Thlr Agreement. if any person who signed t,< or:g nal obligation
does not sign this Agreemerr below, then all persona signing below acknowledge that this Agreement is given ronclitionall•r based on the
representation to Lender that the non signing party contents to the changes and provisions of this Agreement or otherwise will not Ce released
by it. This waiver applies not only to any Initial extension. modification or release. but alto tc all such subsequent actions.
SUCCESSOR INTERESTS. The terms of this Agreement shall be binding upon Borrower, and upon Borrower's heirs personal representatives,
succossors. and assigns, and shall be enforceable by Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify u.s if we report any inaccurate
information about your accountls) to a consumer reporting agency. Your written notice describing the specific naccuracv(;e.st chauld be sans to
us at the following address: COMMERCE BANKIHARRISBVRG N.A. LOAN SERVICING PO BOX 1195 CAMP HILL. PA 17011.1-1-95.
MISCELLANEOUS PROVISIONS. IF any part of this Agreement cannot be enforced, this fact will not affect the rest of the Agreement. Lender
may delay or forgo enforcing any of its rlght3 or remedies under this Agreement without losing them. Borrower and any other person wnc
signs, guarantees or endorses this Agreement, to the extent allowed by law, waive presentment, demand for payment, and notice of dishonor.
Ucon any change in the terms of This Agreement, and unless otherwito expressly stated In writing, no party who signs This Agreement. whether
as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew o: extend
[repeatedly and for any Itngth of timel this loan or release any party, partner. or guarantor or collateral: or impair, `all tc rsaliic upon or periert
Lender's security interest in the collateral,, and take any other action deemed necessary by Lendar without the consent of of notice to anyone.
All such parties alma agree that Lender may modify this Ican without the consent of or notice To anyone other than Tho o3r'.y t•, tr whOrr. The
modification is made. The obligations under this Agreement are joint and several it any portion of this Agreement is for zny reason determines
to be unenforceable, it will not affect the enforceability of any other provisions of This Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE. TC APPEAR A- ANN TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED. CONFESS OF ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT AND ALL ACCRUED INTEREST, LATE
CHARGES AND ANY AND ALL AMOUNTS EXPENDED OR ADVANCED BY LENDER RELATING TO ANY COLLATERAL SECUAiNG THE
(NDEVEONESS. TOGETHER WITH COSTS OF SUIT, AND AN ATTORNEY'S COMMISSION Of TEN PERCENT tt0°.e1 OF The UNPAID
PRINCIPAL BALANCE AND ACCRUED INTEREST FOR COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS (5500)
ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING. THIS AGREEMENIT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIOAV17 SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY SLIT
SHALL CONTINUE FROM TIME TO TIME AND AT ALL TIMES UNTIL PAYMENT IN FULL OF ALL AMOUNTS DUE UNDER THIS AGFEEMENT.
;ORROWER HEREBY WAIVES ANY RIGHT BORROWER MAY HAVE TO NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH
gyn. ter a n.r nc n meueuT AArn CTATCG TUAT nrueo a pCORCCCNTCTIVF n. I ENDER SPECIFICALLY CALLED THIS CONFESSION OF
FE9-01-2006 17:55 P. 0,7/ 015
jC??.J-z7-2@26 ?1= d..i C.1JMI''?tl'tLt tIHNK r . r?•+i r?o
ANGE IN TERMS AGREEMENT Page 3
Loan No: 3178888 (Continued)
JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
PRIOR TO SIGNING THIS AGREEMENT. BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER: /
PROGRES VENUE LIMITED RTNEASHIP
D._ an Bratic. General Partner arf Progress Avenue
Limlted Partnership
w, 7.30.dit . co.-4r -??w w. ?N1 ]ma ri.M? Wn+1 •M +WIIY?iV?1?NRUfaG.iC • 021 •d ?.
uca ro L..r..
DEC-?T-2 k70.5 14: 05 ?c,,?jt?13F
EN CIO uw
E,..ANGE IN TERMS AGREEM
i? cwt
m.:.....rc ... ....::...................
........... ........ ..__ <;.-::•:?a t:f':fill;::':::,.:;.::;:::
s c ....... .......... t ..........
:z5:0o?i: µ ::?T;:1;20': fl2•$=2'us'.:..:-;;3
ay
em above containing only and has not been lim m tted dlua to'textflenigth I m ietton?. n particular oan or item.
References in the shaded are
Anv a are
Lender: COMMERCE BANK/HARRISBURG N.A.
Borrower: Progress Avenue Limited Partnership (TIN: COMMERCIAL BUSINESS DEPARTMENT
101 U. S05831 100 SENATE AVENUE
101 U. S. Route 15 South CAMP HILL. PA 17011
Dillaburg, PA 17001 19 1717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 7.500% Date of Agreement: December 1, 2005
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from November 30. 2005 to February 26, 2006.
PROMISE TO PAY. Progress Avenue Limited Partnership I"Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"). or
order. In lawful money of the United States. of_-America.._I)!.a,_-p.rlncipal amount of Three Hundred Twenty-five Thousand & 001100 Dollars
15325,000.001, together with interest on the unpaid principal balance from October 1, 2005, until Dald in full'.
PAYMENT. Borrower will pay this loan in one principal payment of 9325,000.00 plus interest on February 28, 2006. This payment due on
February 28, 2006, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all
accrued unpaid Interest due at of each payment date, beginning November 1, 2006, with all subsequent Interest payments to be due on the
same day of each month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid
interest: then to prlncipel: &en lb any unpaid collictlon costs; and then to any late charges. Interest on thls Agreement Is computed on a
3651360 simple interest basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding
prlneipal balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address
shown above or at such other place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement Is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates its published, rho highest
will be used. (the 'Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon
8orro%ver's request. The interest rate change will not occur more often then each day. Borrower understands that Lender may make loans
based on other rates as welt. The Index currently Is 7.000% per annum. The Interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.600 percentage points over the Index, resulting In an initial rats of 7.500% per annum. NOTICE: Under no
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment {whether voluntary or as a result of defaults. except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing. relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments markod "paid in full", "without recourso", or
similar language. It Borrower sends such a payment, Lender may accept it without losing any of Lenders rights under this Agreament, and
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment Instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK!HARRISBURG
N.A., LOAN SERVICING, PO BOX 1195 CAMP HILL, PA 17011-1195.
LA CHARGE. 11 a payment is 1?daQy?sZo`r more late, Borrower will be charged 5.000% of the regularly scheduled payment-
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Agreement will bear Interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is entered In connection with this Agreement, interest will continue to accrue on this Agreement after
judgment at tho interest rate applicable to this Agreement at the time judgment is entered.
DEFAULT. Each of the.1ollowin8-ghall cons2ltute @n. Event of-Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower.
Default in Favor of Third Parties. Borrower defaults under any loan. extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect. either now or at the time made or furnished or bocomes
false or misleading at any time thereafter. insolvency Death or Insolvency. The dissolution or termination of Borrower's existence as a going i n ss or the death of my par tner. the
any type of of ors.
of Borrower, the appointment of a receiver for any pert of Borrower's property,
creditor workout, or the corr.mencement of any proceeding under any bankruptcy or Insolvency lawh by of against Borrower.
or forfeiture oroceedings• ding, self-help,
of enY age.r-n eat een.mror ..C.11" the
t)y any C[iiditov Of 90frowsr or by any govet"mental agency
Creditor Ot FOtfeitUra PfOCe C mentement o1 fateclosure ?+h'c'-•'= ?^e'j°='° o•
d@p041t yCCO Ines,
rapO55eS51pn w'.Lh Ln"d°r. ?Vu+icv.r. rt+? 11
anu deooslL=
tithe[ method, of 8ortOwer's ower as to accounts, the validity or forfeiture Droceedinp
Indebtedness- This includes e garnishment of tali any dity or redsonablenes ti te clam
th dispute ryes by BorrLender wntten notice of the creditor
It there is a g i itS sole discretion, as
of Default shag not apply and if Brrower g proceeding, in an amount determined by Lender, n
the creditor Or forfeiture pro for nd far The ceeding a
Lender monies orsurety d for the dispute.
or forfeiture an adequate reserve r_nf 1 1914
DEil-27-200-1 14:06 P. 0113-
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued) Page 2
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender. and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent (259/f,1 or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender bolievess the prospect of payment or
performance of the indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other 1hrin .4 rlefaqjt.ip. POYMen; is CUFSbIS aAd if. aerrone; has not been given T-nutwe of a c1re8cn Of the
------ - - - ------
same Provision of this Agreement within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: 11) cures the default within fifteen 1151 days; or (2) if the cure requires more than fifteen (151
days. immadiately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest Immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES: EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will
pay Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expanses,
whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any
automatic stay or injunction), and appeals. If not prohibited by applicable low. Borrower also will pay any court costs. In addition to all other
sums provided by law.
GOVERNING LAW. This Agreement will be governed by federal law applicable to Lender and, to the extent not preempted by federal law, the
laws of the Commonwealth of Pennsylvania without regard to its conflicts of law provisions. Thin Agreement has been accepted by Lender in
the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1st mortgage on the real estate
located at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligationls) as changed. nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lander to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party Is expressly released by Lender in writing. Any maker or
endorser. Including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement Is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
SUCCESSOR INTERESTS. The terms of this Agreement shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors, and assigns, and shall be enforceable by Lander and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate
Information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracybes) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING PO BOX 1 195 CAMP HILL. PA 17011-1195.
MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Agreement without losing them.
Borrower and any other person who signs, guarantees or endorses this Agreement, to the extent allowed by law, waive presentment, demand
for payment, and notice of dishonor. Upon any change in the terms of this Agreement, and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such
parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any parry, partner, or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security interest in the collateral; and take any other action doomed necessary by
Lender without the consent of or notice to anyone. All such parties also agree that Lander may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The obligations under this Agreement are joint and several. If any
portion of this Agreement is for any reason determined to be unenforceable, it wiif not affect the enforceability of any other provision, of this
Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE. TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT 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 110%) OF THE UNPAID
PRINCIPAL BALANCE AND ACCRUED INTEREST FOR COLLECTION, BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS 15500)
ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIATELY; AND FOR SO DOING, THIS AGREEMETIT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER 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 AGREEMENT.
BORROWER HEREBY WAIVES ANY RIGHT BORROWER 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
DEC-2^-2005 14:05 P.02 ?OG
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued) Page 3
JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER:
PROGRESS ENUE LIMITED PARTNERSHIP
? ..'Seal)
By,.
__.---..__-Dv6 4k,.- ai_Pr?gteszAvenue
- - -- Limited.. Partnership -- - - - -- - -- -- - ---- ---- - --
OC.?CaV?y?1.n1 t4.w•M 4b1-+?.. Ana. 1)Ol. :+'a au M:?e ?w++wJ c?'•:tWiM?TiG^V.'iMCl1?L.l?J1?2.:i ?.?t?i -
l6[--C1?G?10. Vw Lm
C ' 4NGE IN TERMS AGREEME' -
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "` • * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 7.250% Date of Agreement: October 28, 2005
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from October 31, 2005 to December 31, 2005.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal amount of Three Hundred Twenty-five Thousand & 00/100 Dollars
($325,000.00), together with interest on the unpaid principal balance from September 1, 2005, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $325,000.00 plus interest on December 31, 2005. This payment due on
December 31, 2005, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all
accrued unpaid interest due as of each payment date, beginning October 1, 2005, with all subsequent interest payments to be due on the same
day of each month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid
interest; then to principal; then to any unpaid collection costs; and then to any late charges. Interest on this Agreement is computed on a
3651360 simple interest basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding
principal balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address
shown above or at such other place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest
will be used. Ithe "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 6.750% per annum. The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 7.250% per annum. NOTICE: Under no
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement, and
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK/HARRISBURG
N.A., LOAN SERVICING, PO BOX 1195 CAMP HILL, PA 17011-1195.
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is entered in connection with this Agreement, interest will continue to accrue on this Agreement after
judgment at the interest rate applicable to this Agreement at the time judgment is entered.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower.
Default in Favor of Third Parties. Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the
Indebtedness. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with
Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an adequate reserve or bond for the dispute.
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued)
Page 2
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent (25%) or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the
same provision of this Agreement within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15)
days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will
pay Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any
automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other
sums provided by law.
GOVERNING LAW. This Agreement will be governed by, construed and enforced in accordance with federal law and the laws of the
Commonwealth of Pennsylvania. This Agreement has been accepted by Lender in the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1st mortgage on the real estate
located at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
SUCCESSOR INTERESTS. The terms of this Agreement shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors, and assigns, and shall be enforceable by Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate
information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING 100 SENATE AVENUE CAMP HILL, PA 17011
MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Agreement without losing them.
Borrower and any other person who signs, guarantees or endorses this Agreement, to the extent allowed by law, waive presentment, demand
for payment, and notice of dishonor. Upon any change in the terms of this Agreement, and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such
parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any party, partner, or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security interest in the collateral; and take any other action deemed necessary by
Lender without the consent of or notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The obligations under this Agreement are joint and several. If any
portion of this Agreement is for any reason determined to be unenforceable, it will not affect the enforceability of any other provisions of this
Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT 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 AGREEMENT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY, BUT
SHALL CONTINUE FROM TIME TO TIME SAND AT ALL TIMES UNTIL PAYMENT IN FULL OF AI' -AMOUNTS DUE UNDER THIS AGREEMENT.
BORROWER HEREBY WAIVES ANY RIGi -:RROWER MAY HAVE TO NOTICE OR TO A RING IN CONNECTION WITH ANY SUCH
CONFESSION OF JUDGMENT AND STAI iAT EITHER A REPRESENTATIVE OF LENDER, -IFICALLY CALLED THIS CONFESSION OF
JUDCMENT PROVISION TO BORROWER'S i ENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
I 'RANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued)
Page 3
JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER:
Seal)
LASER PRO Lodi g. V- 5.2S. W. W9 C,p,. H,l-d Fb MIW S11.6 na. Inc. 1997. 2009. All RiOHU R,-W. - PA H:MNAPPS MlrACFllLPL1D20C.FC TR-12291 PR-19
Limited Partnership
CHANGE IN TERMS AGREEMENT
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing " * * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 7.000% Date of Agreement: August 30, 2005
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from August 31, 2005 to October 31, 2005.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal amount of Three Hundred Twenty-five Thousand & 001100 Dollars
($325,000.00), together with interest on the unpaid principal balance from July 1, 2005, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $325,000.00 plus interest on October 31, 2005. This payment due on
October 31, 2005, will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all
accrued unpaid interest due as of each payment date, beginning August 1, 2005, with all subsequent interest payments to be due on the same
day of each month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid
interest; then to principal; then to any unpaid collection costs; and then to any late charges. Interest on this Agreement is computed on a
3651360 simple interest basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding
principal balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address
shown above or at such other place as Lender may designate In writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest
will be used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 6.500% per annum. The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 7.000% per annum. NOTICE: Under no
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement, and
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK/HARRISBURG
N.A., LOAN SERVICING, PO BOX 1195 CAMP HILL, PA 17011-1195.
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is entered in connection with this Agreement, interest will continue to accrue on this Agreement after
judgment at the interest rate applicable to this Agreement at the time judgment is entered.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower.
Default in Favor of Third Parties. Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the
Indebtedness. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with
Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an adequate reserve or bond for the dispute.
CHANGE IN TERMS AGREEMENT
,Loan No: 3178888 (Continued)
Page 2
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent (25%) or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the
same provision of this Agreement within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15)
days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will
pay Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any
automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other
sums provided by law.
GOVERNING LAW. This Agreement will be governed by, construed and enforced in accordance with federal law and the laws of the
Commonwealth of Pennsylvania. This Agreement has been accepted by Lender in the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1st mortgage on the real estate
located at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
SUCCESSOR INTERESTS. The terms of this Agreement shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors, and assigns, and shall be enforceable by Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate
information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING 100 SENATE AVENUE CAMP HILL, PA 17011
MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Agreement without losing them.
Borrower and any other person who signs, guarantees or endorses this Agreement, to the extent allowed by law, waive presentment, demand
for payment, and notice of dishonor. Upon any change in the terms of this Agreement, and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such
parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any party, partner, or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security interest in the collateral; and take any other action deemed necessary by
Lender without the consent of or notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The obligations under this Agreement are joint and several. If any
portion of this Agreement is for any reason determined to be unenforceable, it will not affect the enforceability of any other provisions of this
Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT 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 AGREEMENT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER 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 A!' AMOUNTS DUE UNDER THIS AGREEMENT.
BORROWER HEREBY WAIVES ANY RIG[ --RROWER MAY HAVE TO NOTICE OR TO A RING IN CONNECTION WITH ANY SUCH
CONFESSION OF JUDGMENT AND STA1 iAT EITHER A REPRESENTATIVE OF LENDER. .IFICALLY CALLED THIS CONFESSION OF
JUDCMENT PROVISION TO BORROWER'S : , , ENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continuer) Page 3
JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER:
PROGRESS ENUE LIMITS PARTNERSHIP
o.... ... ..' .. ........:(Seal)
Partnership
LASER PRO LmdNg, Va. 8.28.00.004 Cgpr. Hximd Fmalt SolNign,, Inc. 1997, 2008. MI Rights R--d. - PA N:{WINAPPS%LPWIN%CFI%LPL\D20C.FC. TA-12291 PR-18
IANGE IN TERMS AGREEMI r
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
l Any item above containing has been bmitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN: !Lender: COMMERCE BANK/HARRISBURG N.A.
25-1780583) COMMERCIAL BUSINESS DEPARTMENT
101 U. S. Route 15 South 100 SENATE AVENUE
Dillsburg, PA 17019 i CAMP HILL, PA 17011
(717) 975-5630
I
Principal Amount: $325,000.00 Initial Rath: 6.500% Date of Agreement: June 27, 2005
DESCRIPTION OF CHANGE IN TERMS. To extend the maturity date from July 1, 2005 to August 31, 2005.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal !amount of Three Hundred Twenty-five Thousand & 00/100 Dollars
($325,000.00), together with interest on the unpaid principal balance front June 1, 2005, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $325,000.00 plus interest on August 31, 2005. This payment due on
August 31, 2005, will be for all principal and all accrued interest not yep paid. In addition, Borrower will pay regular monthly payments of all
accrued unpaid interest due as of each payment date, beginning July 1, 2005, with all subsequent interest payments to be due on the same day
of each month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid intorost;
then to principal; then to any unpaid collection costs; and then to any Ike charges. Interest on this Agreement is computed on a 365/360
simple interest basis; that is, by applying the ratio of the annual interestirate over a year of 360 days, multiplied by the outstanding principal
balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown
above or at such other place as Lender may designate in writing. i
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section off the Wall Street Journal. If a range of rates is published, the highest
will be used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after noti,4e to Borrower. Lender will tell Borrower the current Index rate upon
Borrower's request. The interest rate change will not occur more often; than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 6.00076 per annum.) The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resenting In an Initial rate of 6.500% per annum. NOTICE: Under no
circumstances 'will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to: send Lender payments marked "paid in full", "without recourse", or
similar language. It Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement, and
Borrower will remain obligated to pay any further amount owed to Lenders. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed arn0unt must be mailed or delivered to: COMMERCE BANK/HARRISBURG
N.A., LOAN SERVICING, PO BOX 1195 CAMP HILL, PA 17011-1195.
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT, Upon default, including failure To pay upon final maturity, the Loral sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on !this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law. If judgment is entered in connection with this Agreement, interest will continue to accrue on this Agreement after
judgment at the interest rate applicable to this Agreement at the time judgment is entered.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform, any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower,
Default in Favor of Third Parties. Borrower defaults under any loan, ;extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that;may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of thei Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made pr furnished to Lander by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any m?terial respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under anyf bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure) or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower br by any governmental agency against any collateral securing the
Indebtedness. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower; as to the validity or reasonableness of the claim which is the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with
Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an Adeatiare reserve or bond for the dispute.
'HANGE IN TERMS AGREEMENT
Loan No: 3178888 (Contintied) Page 2
Events Affecting Guarantor. Any of the preceding events occurs with respcct to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or dispvics the validity of, or liability under, any Guaranty of the Indebtedness
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent 125%) or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's' financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the
some provision of this Agreement within the preceding twelve 112) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: (1) cures the default withini fifteen (15) days; or (2) if the cure requires more than fifteen 115)
days, immediately initiates steps which Lender deems in Lender's 'sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient,to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS, Upon default, Lender may after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest immediately due,. and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will
.pay Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any
automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition To all other
sums provided by law.
GOVERNING LAW. This Agreement will be governed by federal law applicable to Lender and, To the extent not preempted by federal law, the
'laws of the Commonwealth of Pennsylvania without regard to its conflicts of law provisions. This Agreement has been accepted by Lender in
the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
.law. Borrower authorizes Lender, To the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1st mortgage on the real estate
located at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
CONTINUING VALIDITY. Except as expressly changed by this Agreement the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligationls), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligat(onls). It Is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement, If any parson who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that The non-signing party consents To the changes and provisions of This Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions
SUCCESSOR INTERESTS. The terms of This Agreement shall be binding upon Borrower, and upon Borrower's heirs. personal representatives,
successors, and assigns, and shell be enforceable by Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER' REPORTING AGENCIES, Please notity us if we report any inaccurate
information about your accounT(s) to a consumer reporting agency. Your written notice describing the specific inaccuracybes) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING PO BOY, 1195 CAMP HILL. PA 1707 1-1195.
MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Agreement without losing Them.
Borrower and any other person who signs, guarantees or endorses this Agreement, to the extenT allowed 'by law, waive presentment. demand
for payment, and notice of dishonor. Upon any change in the terms of this Agreement. and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability, All such
parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any party, partner, or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security interest in the collateral; and take any other action deerned necessary by
Lender without the consent of or notice To anyone. All such parties also agree that Lander may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The obligations under this Agreement are joint and several, If any
portion of this Agreemem is for any reason determined to be unenforceable, it will not affect the enforceability of any other provisions of this
Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT 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%j 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 AGREEMENT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY, BUT
SHAL.. CONTINUE FROM TIME TO TIME AND AT ALL TIMES UNTIL PAYMENT IN FULL OF ALL AMOUNTS DUE UNDER THIS AGREEM=NT.
AnRRnwcR HERESY WAIVES ANY RIGHT BORROWER MAY HAVE TO NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH
90'd 71di0i
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued) Page 3
?armr
JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROW:
PROGRES ENUE LIMITED P NERSHIP
By-,
(Seat)
usa Bratic, General Partner of Progress Avenue
Llml d Partnership
y,:Ea Vop ?„p,nv. o..:.n.aa WI ?aq. nNOna In.Kgl 7awt.nF Mc. 1M, M4 ?M Aqm. v..rvr?. . an n:?W?NKO6wr'WIwhCFl\MC02:t.rC TX-?Z:1? -14
CIM . J
t
RANGE IN TERMS AGREEML "
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Any item above containing "* * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN:
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Principal Amount: $325,000.00 Initial Rate: 4.750% Date of Agreement: July 20, 2004
DESCRIPTION OF CHANGE IN TERMS. Change payment due date day from the 16th day of each month to the 1st day of each month, with
payments as detailed below.
PROMISE TO PAY. Progress Avenue Limited Partnership ("Borrower") promises to pay to COMMERCE BANK/HARRISBURG N.A. ("Lender"), or
order, in lawful money of the United States of America, the principal amount of Three Hundred Twenty-five Thousand & 00/100 Dollars
($325,000.00), together with interest on the unpaid principal balance from July 16, 2004, until paid in full.
PAYMENT. Borrower will pay this loan in one principal payment of $325,000.00 plus interest on July 1, 2005. This payment due on July 1,
2005; will be for all principal and all accrued interest not yet paid. In addition, Borrower will pay regular monthly payments of all accrued unpaid
interest due as of each payment date, beginning September 1, 2004, with all subsequent interest payments to be due on the same day of each
month after that. Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to
principal; then to any unpaid collection costs; and then to any late charges. Interest on this Agreement is computed on a 365/360 simple
interest basis; that is, by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance,
multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender's address shown above or at
such other place as Lender may designate in writing.
VARIABLE INTEREST RATE. The interest rate on this Agreement is subject to change from time to time based on changes in an independent
index which is the Prime Rate as published in the Money Rate Section of the Wall Street Journal. If a range of rates is published, the highest
will be used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during
the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current•lndex rate upon
Borrower's request. The interest rate change will not occur more often than each day. Borrower understands that Lender may make loans
based on other rates as well. The Index currently is 4.250% per annum. The interest rate to be applied to the unpaid principal balance of the
Note will be at a rate of 0.500 percentage points over the Index, resulting in an initial rate of 4.750% per annum. NOTICE: Under no
circumstances will the interest rate on the Note be more than the maximum rate allowed by applicable law.
PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be
subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. Except for the
foregoing, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments under the payment schedule. Rather, early
payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement, and
Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including
any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: COMMERCE BANK/HARRISBURG
N.A., LOAN SERVICING, 100 SENATE AVENUE CAMP HILL, PA 17011.
LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment.
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the total sum due under this Agreement will bear interest
from the date of acceleration or maturity at the variable interest rate on this Agreement. The interest rate will not exceed the maximum rate
permitted by applicable law.
DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:
Payment Default. Borrower fails to make any payment when due under the Indebtedness.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this Agreement
or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained in any other
agreement between Lender and Borrower.
Default in Favor of Third Parties. Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement,
or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability
to perform Borrower's obligations under this Agreement or any of the Related Documents.
Environmental Default. Failure of any party to comply with or perform when due any term, obligation, covenant or condition contained in
any environmental agreement executed in connection with any Indebtedness.
False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or becomes
false or misleading at any time thereafter.
Death or Insolvency. The dissolution or termination of Borrower's existence as a going business or the death of any partner, the insolvency
of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of
creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the
Indebtedness. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of
the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with
Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being
an adequate reserve or bond for the dispute.
CHANGE IN TERMS AGREEMENT
Loan No: 3178888 (Continued)
Page 2
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness
evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor's estate to
assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of
Default.
Events Affecting General Partner of Borrower. Any of the preceding events occurs with respect to any general partner of Borrower or any
general partner dies or becomes incompetent.
Change In Ownership. The resignation or expulsion of any general partner with an ownership interest of twenty-five percent (25%) or more
in Borrower.
Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the
same provision of this Agreement within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from
Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15)
days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter
continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
LENDER'S RIGHTS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal
balance on this Agreement and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Agreement if Borrower does not pay. Borrower will
pay Lender that amount. This includes, subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal expenses,
whether or not there is a lawsuit, including attorneys' fees, expenses for bankruptcy proceedings (including efforts to modify or vacate any
automatic stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court costs, in addition to all other
sums provided by law.
GOVERNING LAW. This Agreement will be governed by, construed and enforced in accordance with federal law and the laws of the
Commonwealth of Pennsylvania. This Agreement has been accepted by Lender in the Commonwealth of Pennsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with Lender (whether
checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all accounts Borrower may
open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any
and all such accounts.
COLLATERAL. Borrower acknowledges this Agreement is secured by Second mortgage behind a Commerce 1 st mortgage on the real estate
located at the intersection of Progress Avenue & Kohn Road, Susquehanna Township, Harrisburg, Dauphin County, PA.
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all
agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does
not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing
in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and
endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or
endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation
does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the
representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released
by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.
SUCCESSOR INTERESTS. The terms of this Agreement shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors, and assigns, and shall be enforceable by Lender and its successors and assigns.
NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we report any inaccurate
information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to
us at the following address: COMMERCE BANK/HARRISBURG N.A. LOAN SERVICING 100 SENATE AVENUE CAMP HILL, PA 17011
MISCELLANEOUS PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Agreement without losing them.
Borrower and any other person who signs, guarantees or endorses this Agreement, to the extent allowed by law, waive presentment, demand
for payment, and notice of dishonor. Upon any change in the terms of this Agreement, and unless otherwise expressly stated in writing, no
party who signs this Agreement, whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such
parties agree that Lender may renew or extend (repeatedly and for any length of time) this loan or release any party, partner, or guarantor or
collateral; or impair, fail to realize upon or perfect Lender's security interest in the collateral; and take any other action deemed necessary by
Lender without the consent of or notice to anyone. All such parties also agree that Lender may modify this loan without the consent of or
notice to anyone other than the party with whom the modification is made. The obligations under this Agreement are joint and several. If any
portion of this Agreement is for any reason determined to be unenforceable, it will not affect the enforceability of any other provisions of this
Agreement.
CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
PROTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELSEWHERE, TO APPEAR AT ANY TIME
FOR BORROWER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER
JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT 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 AGREEMENT
OR A COPY OF THIS AGREEMENT VERIFIED BY AFFIDAVIT SHALL BE SUFFICIENT WARRANT. THE AUTHORITY GRANTED IN THIS
AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER 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 At I AMOUNTS DUE UNDER THIS AGREEMENT.
BORROWER HEREBY WAIVES ANY RIGI -"RROWER MAY HAVE TO NOTICE OR TO A RING IN CONNECTION WITH ANY SUCH
CONFESSION OF JUDGMENT AND STAT iAT EITHER A REPRESENTATIVE OF LENDER, :IFICALLY CALLED THIS CONFESSION OF
JUDGMENT PROVISION TO BORROWER'S f ENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL.
CHANGE IN TERMS AGREEMEV
Loan No: 3178888 (Continued) Page 3
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, INCLUDING THE
VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
THIS AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER:
PROGRE VENUE LIMIT D AR ERSHIP
Limited Partnership
Avenue
LASER PRO Lmdinp. Va. 9.24.10.02 Cap, HM-d Fl-i l S.Wfio- Ina. 1997. 2004. AS Rlph. Ras M. - PA HAWINAPP%LPWIMCFl%LPL%D20C.FC TR-12291 PR-19
COMMERCIAL GUARANT`Q
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing "'""" has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Guarantor: Dusan Bratic (SSN:
Kathleen M. Bratic (S N:
1521 High Meadow Lane
Mechanicsburg, PA 17055
AMOUNT OF GUARANTY. The amount of this Guaranty is Unlimited.
CONTINUING UNLIMITED GUARANTY. For good and valuable consideration, Dusan Bratic and Kathleen M. Bratic ("Guarantor") absolutely and
unconditionally guarantees and promises to pay, jointly and severally, to COMMERCE BANK/HARRISBURG N.A. ("Lender") or its order, in legal
tender of the United States of America, the Indebtedness (as that term is defined below) of Progress Avenue Limited Partnership ("Borrower") to
Lender on the terms and conditions set forth in this Guaranty. Under this Guaranty, the liability of Guarantor is unlimited and the obligations of
Guarantor are continuing.
INDEBTEDNESS GUARANTEED. The Indebtedness guaranteed by this Guaranty includes any and all of Borrower's indebtedness to Lender and
is used in the most comprehensive sense and means and includes any and all of Borrower's liabilities, obligations and debts to Lender, now
existing or hereinafter incurred or created, including, without limitation, all loans, advances, interest, costs, debts, overdraft indebtedness, credit
card indebtedness, lease obligations, other obligations, and liabilities of Borrower, or any of them, and any present or future judgments against
Borrower, or any of them; and whether any such Indebtedness is voluntarily or involuntarily incurred, due or not due, absolute or contingent,
liquidated or unliquidated, determined or undetermined; whether Borrower may be liable individually or jointly with others, or primarily or
secondarily, or as guarantor or surety; whether recovery on the Indebtedness may be or may become barred or unenforceable against Borrower
for any reason whatsoever; and whether the Indebtedness arises from transactions which may be voidable on account of infancy, insanity, ultra
vires, or otherwise.
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 incurred or contracted before receipt by Lender of any
notice of revocation shall have been fully and finally paid and satisfied and all of Guarantor's other obligations under this Guaranty shall have
been performed in full. If Guarantor elects to revoke this Guaranty, Guarantor may only do so in writing. Guarantor's written notice of
revocation must be mailed to Lender, by certified mail, at Lender's address listed above or such other place as Lender may designate in writing.
Written revocation of this Guaranty will apply only to advances or new Indebtedness created after actual receipt by Lender of Guarantor's
written revocation. For this purpose and without limitation, the term "new Indebtedness" does not include Indebtedness which at the time of
notice of revocation is contingent, unliquidated, undetermined or not due and which later becomes absolute, liquidated, determined or due. This
Guaranty will continue to bind Guarantor for all Indebtedness incurred by Borrower or committed by Lender prior to receipt of Guarantor's
written notice of revocation, including any extensions, renewals, substitutions or modifications of the Indebtedness. All renewals, extensions,
substitutions, and modifications of the Indebtedness granted after Guarantor's revocation, are contemplated under this Guaranty and,
specifically will not be considered to be new Indebtedness. This Guaranty shall bind Guarantor's estate as to Indebtedness created both before
and after Guarantor's death or incapacity, regardless of Lender's actual notice of Guarantor's death. Subject to the foregoing, Guarantor's
executor or administrator or other legal representative may terminate this Guaranty in the same manner in which Guarantor might have
terminated it and with the same effect. Release of any other guarantor or termination of any other guaranty of the Indebtedness shall not affect
the liability of Guarantor under this Guaranty. A revocation Lender receives from any one or more Guarantors shall not affect the liability of any
remaining Guarantors under this Guaranty. It is anticipated that fluctuations may occur in the aggregate amount of Indebtedness covered by this
Guaranty, and Guarantor specifically acknowledges and agrees that reductions in the amount of Indebtedness, even to zero dollars ($0.00)• prior
to Guarantor's written revocation of this Guaranty shall not constitute a termination of this Guaranty. This Guaranty is binding upon Guarantor
and Guarantor's heirs, successors and assigns so long as any of the guaranteed Indebtedness remains unpaid and even though the Indebtedness
guaranteed may from time to time be zero dollars ($0.00).
GUARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, either before or after any revocation hereof, without notice or
demand and without lessening Guarantor's liability under this Guaranty, from time to time: (A) prior to revocation as set forth above, to make
one or more additional secured or unsecured loans to Borrower, to lease equipment or other goods to Borrower, or otherwise to extend
additional credit to Borrower; (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 part of the Indebtedness, including increases and decreases of the rate of interest on the
Indebtedness; extensions may be repeated and may be for longer than the original loan term; (C) to take and hold security for the payment of
this Guaranty or the Indebtedness, and exchange, enforce, waive, subordinate, fail or decide not to perfect, and release any such security, with
or without the substitution of new collateral; (D) to release, substitute, agree not to sue, or deal with any one or more of Borrower's sureties,
endorsers, or other guarantors on any terms or in any manner Lender may choose; (E) to determine how, when and what application of
payments and credits shall be made on the Indebtedness (F) to apply such security and direct the order or manner of sale thereof, including
without limitation, any nonjudicial sale permitted by the terms of the controlling security agreement or deed of trust, as Lender in its discretion
may determine; (G) to sell, transfer, assign or grant participations in all or any part of the Indebtedness; and (H) to assign or transfer this
Guaranty in whole or in part.
GUARANTOR'S REPRESENTATIONS AND WARRANTIES. Guarantor represents and warrants to Lender that (A) no representations or
agreements of any kind have been made to Guarantor which would limit or qualify in 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 been, and all future financial information which will be provided to
Lender is and will be true and correct in all material respects and fairly present Guarantor's financial condition as of the dates the financial
information is provided; (G) no material adverse change has occurred in Guarantor's financial condition since the date of the most recent
financial Statampnts nrnvifipd to I Pnrlar and nn avant h- nrr„rr-1 which mn%, mntari?lly ?vurcnl.• efie t r ..?.? s f :........:... ....-A-:- ,u,
COMMERCIAL GUARANTY
Loan No: 3178888 (Continued)
Page 2
no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Guarantor is pending or
threatened; (1) Lender has made no representation to Guarantor as to the creditworthiness of Borrower; and (J) Guarantor has established
adequate means of obtaining from Borrower on a continuing basis information regarding Borrower's financial condition. Guarantor agrees to
keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Guarantor's risks under this
Guaranty, and Guarantor further agrees that Lender shall have no obligation to disclose to Guarantor any information or documents acquired by
Lender in the course of its relationship with Borrower.
GUARANTOR'S FINANCIAL STATEMENTS. Guarantor agrees to furnish Lender with the following:
Annual Statements. As soon as available, but in no event later than one-hundred-twenty (120) days after the end of each fiscal year,.
Guarantor's balance sheet and income statement for the year ended, prepared by Guarantor.
Tax Returns. As soon as available, but in no eve t later than one-hundred-twenty (120) days after the applicable filing date for the tax
reporting period ended, Federal and other governmental tax returns, prepared by Guarantor.
All financial reports required to be provided under this Guaranty shall be prepared in accordance with GAAP, applied on a consistent basis, and
certified by Guarantor as being true and correct.
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.
Guarantor also waives any and all rights or defenses arising by reason of (A) any "one action" or "anti-deficiency" law or any other law which
may prevent Lender from bringing any action, including a claim for deficiency, against Guarantor, before or after Lender's commencement or
completion of any foreclosure action, either judicially or by exercise of a power of sale; (B) any election of remedies by Lender which destroys
or otherwise adversely affects Guarantor's subrogation rights or Guarantor's rights to proceed against Borrower for reimbursement, including
without limitation, any loss of rights Guarantor may suffer by reason of any law limiting, qualifying, or discharging the Indebtedness; (C) any
disability or other defense of Borrower, of any other guarantor, or of any other person, or by reason of the cessation of Borrower's liability from
any cause whatsoever, other than payment in full in legal tender, of the Indebtedness; (D) any right to claim discharge of the Indebtedness on
the basis of unjustified impairment of any collateral for the Indebtedness; (E) any statute of limitations, if at any time any action or suit brought
by Lender against Guarantor is commenced, there is outstanding Indebtedness of Borrower to Lender which is not barred by any applicable
statute of limitations; or (F) any defenses given to guarantors at law or in equity other than actual payment and performance of the
Indebtedness. If payment is made by Borrower, whether voluntarily or otherwise, or by any third party, on the Indebtedness and thereafter
Lender is forced to remit the amount of that payment to Borrower's trustee in bankruptcy or to any similar person under any federal or state
bankruptcy law or law for the relief of debtors, the Indebtedness shall be considered unpaid for the purpose of the enforcement of this Guaranty.
Guarantor further waives and agrees not to assert or claim at any time any deductions to the amount guaranteed under this Guaranty for any
claim of setoff, counterclaim, counter demand, recoupment or similar right, whether such claim, demand or right may be asserted by the
Borrower, the Guarantor, or both.
GUARANTOR'S UNDERSTANDING WITH RESPECT TO WAIVERS. Guarantor warrants and agrees that each of the waivers set forth above is
made with Guarantor's full knowledge of its significance and consequences and that, under the circumstances, the waivers are reasonable and
not contrary to public policy or law. If any such waiver is determined to be contrary to any applicable law or public policy, such.waiver shall be
effective only to the extent permitted by law or public policy.
RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Guarantor's accounts with Lender
(whether checking, savings, or some other account). This includes all accounts Guarantor holds jointly with someone else and all accounts
Guarantor may open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be
prohibited by law. Guarantor authorizes Lender, to the extent permitted by applicable law, to hold these funds if there is a default, and Lender
may apply the funds in these accounts to pay what Guarantor owes under the terms of this Guaranty.
SUBORDINATION OF BORROWER'S DEBTS TO GUARANTOR. Guarantor agrees that the Indebtedness of Borrower to Lender, whether now
existing or hereafter created, shall be superior to any claim that Guarantor may now have or hereafter acquire against Borrower, whether or not
Borrower becomes insolvent. Guarantor hereby expressly subordinates any claim Guarantor may have against Borrower, upon any account
whatsoever, to any claim that Lender may now or hereafter have against Borrower. In the event of insolvency and consequent liquidation of the
assets of Borrower, through bankruptcy, by an assignment for the benefit of creditors, by voluntary liquidation, or otherwise, the assets of
Borrower applicable to the payment of the claims of both Lender and Guarantor shall be paid to Lender and shall be first applied by Lender to the
Indebtedness of Borrower to Lender. Guarantor does hereby assign to Lender all claims which it may have or acquire against Borrower or
against any assignee or trustee in bankruptcy of Borrower; provided however, that such assignment shall be effective only for the purpose of
assuring to Lender full payment in legal tender of the Indebtedness. If Lender so requests, any notes or credit agreements now or hereafter
evidencing any debts or obligations of Borrower to Guarantor shall be marked with a legend that the same are subject to this Guaranty and shall
be delivered to Lender. Guarantor agrees, and Lender is hereby authorized, in the name of Guarantor, from time to time to file financing
statements and continuation statements and to execute documents and to take such other actions as Lender deems necessary or appropriate to
perfect, preserve and enforce its rights under this Guaranty.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Guaranty:
Amendments. This Guaranty, together with any Related Documents, constitutes the entire understanding and agreement of the parties as
to the matters set forth in this Guaranty. No alteration of or amendment to this Guaranty shall be effective unless given in writing and
signed by the party or parties sought to be charged or bound by the alteration or amendment.
Attorneys' Fees; Expenses. Guarantor agrees to pay upon demand all of Lender's costs and expenses, including Lender's attorneys' fees
and Lender's legal expenses, incurred in connection with the enforcement of this Guaranty. Lender may hire or pay someone else to help
enforce this Guaranty, and Guarantor shall pay the costs and expenses of such enforcement. Costs and expenses include Lender's
attorneys' fees and legal expenses whether or not there is a lawsuit, including attorneys' fees and legal expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post-judgment collection
services. Guarantor also shall pay all cc '`.costs and such additional fees as may be direbte i the court.
Caption Headings. Caption headings it. s Guaranty are for convenience purposes only a. are not to be used to interpret or define the
DISCLO, AE FOR CONFESSION OF J, . )GMENT
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing " * * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Affiant: Dusan Bratic (SSN:
1521 High Meadow Lane
Mechanicsburg, PA 17055
DISCLOSURE FOR CONFESSION OF JUDGMENT
U /, A GUARANTY FOR AN UNLIMITED AMOUNT.
1 AM EXECUTING, THIS DAY OF L4 '20
A. I UNDERSTAND THAT THE GUARANTY CON INS A (ONFESSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO ENTER
JUDGMENT AGAINST ME IN COURT, AFTER A DEFAULT ON THE GUARANTY, WITHOUT ADVANCE NOTICE TO ME AND WITHOUT
OFFERING ME AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE GUARANTY, BEING FULLY AWARE
OF MY RIGHTS TO ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CLAIMS THAT
LENDER MAY ASSERT AGAINST ME UNDER THE GUARANTY I AM KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE
RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND I EXPRESSLY AGREE AND CONSENT TO
LENDER'S ENTER'N JUDGMENT 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, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATELY EXECUTING ON THE
JUDGMENT,. IN AN;( MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW, WITHOUT GIVING ME ANY ADVANCE NOTICE.
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. 1 WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL IN CONNECTION WITH THE GUARANTY.
-/92 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 DISCLOS E IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DISCLOSURE IS AND SHALL CONSTITUTE AND HAVE THE
EFFECT OF A fltALED INSTRUMENT ACCORDING TO LAW.
AFFIANT:
LASER PRO Landing, VW. 9.21.10.002 Cop, M,Imd Fi-W SoluNOnA Ina. 199], 2001. AS RighW Raaannd. - PA M:IWINAPPML11WIMCRILPL%000.FC TR-12291 PHAS
DISCLO, .-kRE FOR CONFESSION OF Jl....)GMENT
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
Anv item above containing " * * * " has been omitted due to text length limitations.
Borrower: Progress Avenue Limited Partnership (TIN
25-1780583)
101 U. S. Route 15 South
Dillsburg, PA 17019
Lender: COMMERCE BANK/HARRISBURG N.A.
COMMERCIAL BUSINESS DEPARTMENT
100 SENATE AVENUE
CAMP HILL, PA 17011
(717) 975-5630
Affiant: Kathleen M. Bratic (SSN:
1521 High Meadow Lane
Mechanicsburg, PA 17055
DISCLOSURE FOR CONFESSION OF JUDGMENT
I AM EXECUTING, THIS leo?` DAY OF 20o 1, A GUARANTY FOR AN UNLIMITED 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 1 AM KNOWINGLY, INTELLIGENTLY, AND VOLUNTARILY WAIVING THESE
RIGHTS, INCLUDING ANY RIGHT TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND I EXPRESSLY AGREE AND CONSENT TO
LENDER'S ENTERING JUDGMENT AGAINST ME BY CONFESSION AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION.
...................................
INITIALS: NNUM
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, 1 AM KNOWINGLY, INTELLIGENTLY AND
VOLUNTARILY WAIVING THESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATELY EXECUTING ON THE
JUDGMENT, IN ANY MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL LAW, WITHOUT GIVING ME ANY ADVANCE NOTICE.
INITIALS: McCaw
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. 1 WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL IN CONNECTION WITH THE GUARANTY.
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT PROVISION IN THE GUARANTY
TO MY ATTENTION.
D. I CERTIFY THAT MY ANNUAL INCOME EXCEEDS $10,000; THAT THE BLANKS IN THIS DISCLOSURE WERE FILLED IN WHEN I INITIALED
AND SIGNED IT; AND THAT I RECEIVED A COPY AT THE TIME OF SIGNING.
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:
X:».:aN Seal
`:
( )
athleen M. Bratic
LASER PRO Landing, V.. 3.24.10.002 CW1. Nvbnd Fhan W SM,dona, Inc. 1997, 2004. AN Ri9hb Rwmvad. - PA N:%WINAPPSILPWIN%CFRLPL7030.FC TR-12291 PR-18
%L
C,
METTEO EVANS & WOODSIDE
A PROFESSIONAL CORPORATION
ATTORNEYS AT I.AW
3401 NORTH FRONT STREET
HOWELL C. METTE MARY ALICE BUSBY P.O. BOX 3930 MARK D. HI PP
ROBERT MOORE KATHRYN L SIMPSON HARRISBURG, PA 17110-0950 RONALD L FINCK
CHARLES B. ZWALLY THOMAS F. SMIDA RANDALL G. HURST*
PETER J. RESSLER PAULA J. LEICHT IRS NO. MELISSA L VAN ECK
JAMES A. ULSH TIMOTHY A. HOY 23-1985005 HEATHER Z. KELLY
JEFFREY A. ERNICO HENRY W. VAN ECK AARON T. DOMOTO
TELEPHONE FACSIMILE
(717) 232-3000 (717) 236-1916
TOLL PH=: 1-800-962-5097
HTTP;//WW W.METTE. COM
'June 17, 2011
Kathleen M Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
JAMES W. EVANS
1926-2008
• MARYLAND BAR
VIA REGULAR AND CERTIFIED MAIL,
RETURN RECEIPT REQUESTED
Matter 00633-1416
Re: Loan No. 3178888 made by Metro Bank f/k/a Commerce Bank,
Harrisburg/N.A. ("Bank") to Progress Avenue Limited Partnership
("Borrower") and guarantied by Dusan Bratic and Kathleen M. Bratic.
("Guarantor").
Dear Guarantor,
Reference is made to Borrower's Promissory Note dated July 16, 2004 in the original principal
amount of $325,000.00 ("Note"). The Note is in default for, among other things, failing to make
payments when due. ("Note Default"). This letter constitutes formal notice to Guarantor of the
occurrence of the Note Default.
As a result of the Note Default, Bank has elected to exercise its option to declare the entire unpaid
principal balance of the Note and all accrued and unpaid interest to be due and payable. As of June 10,
2011, there is unpaid, due and owing to the Bank under the Note, the aggregate amount of $377,223.30
("Balance Due"), itemized as follows:
Principal: $324,999.90
Accrued Interest through 6/10/2011: $2,855.04
Late Charges through 6/10/2011: $49,368.36
Other Fees/Charges
TOTAL $377,223.30
Demand is hereby made for payment in full within ten (10) days of the date of this
correspondence of the Balance Due, plus interest which accrues and fees and costs which Bank incurs
after June 10, 2011, together with any and all other amounts which may become due under the Note. The
Balance Due may increase or decrease as a result of the receipt of payments and the proceeds of collateral
securing the Note and the accrual of interest, late charges, costs of collection and other fees, costs and
expenses. Therefore, immediately prior to remitting payment, please contact the undersigned at (717)
232-5000 to obtain final payoff amounts and remittance instructions. You are also notified that as a result
of the Note Default, the Bank has elected to have the Note accrue interest at the Default Rate (as defined
in the Note) as of June 10, 2011.
Nothing contained in this letter constitutes a waiver or release of any of the terms or provisions of
the Note, or of any and all other instruments or agreements between or among Bank, Borrower and/or
Guarantor ("Loan Documents"). Bank reserves all rights and remedies available to it under the Loan
Documents and applicable law, all of which are expressly hereby reserved.
No discussions between or among Bank, Borrower, and/or Guarantor concerning this notification,
other loan relationships between or among Bank, Borrower, and/or Guarantor any other matter shall
imply an agreement on the part of the Bank to waive any of its rights and remedies or to forbear from
taking any action authorized by the Loan Documents or applicable law, whether or not such discussions
may be continuing.
Any communications with any representative of Bank, whether oral or written, will be mere
discussions only and will not in any way commit or be binding upon Bank unless reduced to a writing
signed by an authorized officer of Bank. Such communications will not represent any course of dealing,
and in no manner shall you be entitled to rely in any way on any such discussions unless such
communications are reduced to a writing signed by an authorized officer of Bank.
The acceptance of any partial payment of any of the obligations of Borrower or Guarantor to
Bank shall not be deemed a waiver or limitation of any of the Bank's rights reserved herein as to the full
amount of any unpaid balance. Any delay or forbearance by Bank in the enforcement or pursuit of any of
its rights and remedies under the Loan Documents or applicable law shall not constitute a waiver thereof,
nor shall it be a bar to the exercise of Bank's rights or remedies at a later date.
Should you have any questions, please do not hesitate to contact me.
Sincerely,
Heather kel1
Y
539717v1
METTE? EVANS & WOODSIDE
A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW
3401 NORTH FRONT STREET
HOWELL C. METTE MARY ALICE BUSBY P.O. BOX 5950 MARK D. HIPP
ROBERT MOORE KATHRYN L. SIMPSON HARRISBURG, PA 17110-0950 RONALD L. FINCK
CHARLES B. ZWALLY THOMAS F. SMIDA RANDALL G. HURST*
PETER J. RESSLER PAULA J. LEICHT IRS NO. MELISSA L. VAN ECK
JAMES A. ULSH TIMOTHY A. HOY 23-1985005 HEATHER Z. KELLY
JEFFREY A. ERNICO HENRY W. VAN ECK AARON T. DOMOTO
TELEPHONE FACSIMILE
(717) 232.5000 (717) 238-1818
TOLL FREE: 1.800-982-5097
HTTP://W WW.METTE.COM
June 17, 2011
JAMES W. EVANS
1926-2008
* MARYLAND BAR
Dusan Bratic VIA REGULAR AND CERTIFIED MAIL,
5609 Pinehurst Way RETURN RECEIPT REQUESTED
Mechanicsburg, PA 17050 Matter 00633-1416
Re: Loan No. 3178888 made by Metro Bank f/k/a Commerce Bank,
Harrisburg/N.A. ("Bank") to Progress Avenue Limited Partnership
("Borrower") and guarantied by Dusan Bratic and Kathleen M. Bratic.
("Guarantor").
Dear Guarantor,
Reference is made to Borrower's Promissory Note dated July 16, 2004 in the original principal
amount of $325,000.00 ("Note"). The Note is in default for, among other things, failing to make
payments when due. ("Note Default"). This letter constitutes formal notice to Guarantor of the
occurrence of the Note Default.
As a result of the Note Default, Bank has elected to exercise its option to declare the entire unpaid
principal balance of the Note and all accrued and unpaid interest to be due and payable. As of June 10,
2011, there is unpaid, due and owing to the Bank under the Note, the aggregate amount of $377,223.30
("Balance Due"), itemized as follows:
Principal: $324,999.90
Accrued Interest through 6/10/2011: $2,855.04
Late Charges through 6/10/2011: $49,368.36
Other Fees/Char es
TOTAL $377,223.30
Demand is hereby made for payment in full within ten (10) days of the date of this
correspondence of the Balance Due, plus interest which accrues and fees and costs which Bank incurs
after June 10, 2011, together with any and all other amounts which may become due under the Note. The
Balance Due may increase or decrease as a result of the receipt of payments and the proceeds of collateral
f}
securing the Note and the accrual of interest, late charges, costs of collection and other fees, costs and
expenses. Therefore, immediately prior to remitting payment, please contact the undersigned at (717)
232-5000 to obtain final payoff amounts and remittance instructions. You are also notified that as a result
of the Note Default, the Bank has elected to have the Note accrue interest at the Default Rate (as defined
in the Note) as of June 10, 2011.
Nothing contained in this letter constitutes a waiver or release of any of the terms or provisions of
the Note, or of any and all other instruments or agreements between or among Bank, Borrower and/or
Guarantor ("Loan Documents"). Bank reserves all rights and remedies available to it under the Loan
Documents and applicable law, all of which are expressly hereby reserved.
No discussions between or among Bank, Borrower, and/or Guarantor concerning this notification,
other loan relationships between or among Bank, Borrower, and/or Guarantor any other matter shall
imply an agreement on the part of the Bank to waive any of its rights and remedies or to forbear from
taking any action authorized by the Loan Documents or applicable law, whether or not such discussions
may be continuing.
Any communications with any representative of Bank, whether oral or written, will be mere
discussions only and will not in any way commit or be binding upon Bank unless reduced to a writing
signed by an authorized officer of Bank. Such communications will not represent any course of dealing,
and in no manner shall you be entitled to rely in any way on any such discussions unless such
communications are reduced to a writing signed by an authorized officer of Bank.
The acceptance of any partial payment of any of the obligations of Borrower or Guarantor to
Bank shall not be deemed a waiver or limitation of any of the Bank's rights reserved herein as to the full
amount of any unpaid balance. Any delay or forbearance by Bank in the enforcement or pursuit of any of
its rights and remedies under the Loan Documents or applicable law shall not constitute a waiver thereof,
nor shall it be a bar to the exercise of Bank's rights or remedies at a later date.
Should you have any questions, please do not hesitate to contact me.
Sincerely,
- "I 4?v
Heather Z. Kelly
534717v1
OF THE PROTHONoTA
RY
2011 JUN 30 PM 2: ? o
Ct1PENNSYLVAN COUNTY
1A
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkelly&mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
V.
DUSAN BRATIC and KATHLEEN M.
BRATIC
Defendants
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
DOCKET NO. ) -, S3 (? Cs ?<<M'
Certificate of Address
I hereby certify that the Defendants maintain residential addresses at:
Dusan Bratic Kathleen M. Bratic
5609 Pinehurst Way 5609 Pinehurst Way
Mechanicsburg, PA 17050 Mechanicsburg, PA 17050
Respectfully submitted,
Heather Z. Kell H 'squire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Date: June Z, 2011 Attorneys for Plaintiff
FILED-OFFICE
OF THE% PROTHONOTARY
2011 JUN 30 PM 2: 10
CUMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkellygmette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V.
DUSAN BRATIC and KATHLEEN M
BRATIC
Defendants
DOCKET NO.
AFFIDAVIT OF NON-MILITARY SERVICE
I am the attorney for Metro Bank, f/k/a Commerce Bank/Harrisburg, N.A., and according
to the best of my information and belief, the Defendants are adult individuals and are not in the
United States Military Service.
Dusan Bratic Kathleen M. Bratic
5609 Pinehurst Way 5609 Pinehurst Way
Mechanicsburg, PA 17050 Mechanicsburg, PA 17050
Respectfully submitted,
Q? AA4?! /? ;!?Z?
Heather Z. Kelly, squire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Attorneys for Plaintiff
Date: June ;7,1 , 2011
a
FILED-OFFICE
OF THE PROTHONOTARY
2011 JUN 30 PM 2: 10
UU PENNSYLVANIA TY
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkelly@mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce IN THE COURT OF COMMON PLEAS OF
Bank/Harrisburg, N.A. CUMBERLAND COUNTY, PENNSYLVANIA
Plaintiff
V.
DOCKET NO. 1 S 3 (o ?v e•
DUSAN BRATIC and KATHLEEN M.
BRATIC
Defendants
Notice Under Pa R.C.P. 2958.1 Of
Judgment And Execution Thereon
Notice of Defendant's Rights
TO: Dusan Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
A judgment in the amount of $427,073.54 has been entered against you in favor of the
plaintiff without any prior notice or hearing, based on a confession of judgment contained in a
written agreement or other paper allegedly signed by you. The sheriff may take your money or
other property to pay the judgment at any time after thirty (30) days after the date on which this
notice is served on you.
.-
You may have legal rights to defeat the judgment or to prevent your money or property
from being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM THE
JUDGMENT AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS AFTER THE
DATE ON WHICH THIS NOTICE IS SERVED ON YOU OR YOU MAY LOSE YOUR
RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO
NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW.
THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER.
IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE
TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER
LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE.
Cumberland County Lawyer Referral Service
Cumberland County Bar Association
32 S. Bedford Street
Carlisle, PA 17013
(717) 249-3166
1-800-990-9108
Respectfully submitted,
0 ? a? --? / ??" /" ?/'
Heather Z. Kelly, squire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Attorneys for Plaintiff
Date: JuneN2011
OF TE PROTHONOTARY
2011 JUN 30 PM 2: 10
CUMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkelly(&mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V.
: DOCKET NO. { 5' 3 6
DUSAN BRATIC and KATHLEEN M.
BRATIC :
Defendants
Notice Under Pa R.C.P. 2958.1 Of
Judgment And Execution Thereon
Notice of Defendant's Rights
TO: Kathleen M. Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
A judgment in the amount of $427,073.54 has been entered against you in favor of the
plaintiff without any prior notice or hearing, based on a confession of judgment contained in a
written agreement or other paper allegedly signed by you. The sheriff may take your money or
other property to pay the judgment at any time after thirty (30) days after the date on which this
notice is served on you.
You may have legal rights to defeat the judgment or to prevent your money or property
from being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM THE
JUDGMENT AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS AFTER THE
DATE ON WHICH THIS NOTICE IS SERVED ON YOU OR YOU MAY LOSE YOUR
RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO
NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW.
THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER.
IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE
TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER
LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE.
Cumberland County Lawyer Referral Service
Cumberland County Bar Association
32 S. Bedford Street
Carlisle, PA 17013
(717) 249-3166
1-800-990-9108
Respectfully submitted,
(2 ? A, Ay, -? 1) t -, v-/- L) ?
Heather Z. Kell , Esquire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Attorneys for Plaintiff
Date: June 79, 2011
FILED-OFFICE
OF THE PROTHONOTARY
2011 JUN 30 PM 2: 10
CUMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkellygmette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V.
DUSAN BRATIC and KATHLEEN M
BRATIC
Defendants
DOCKET NO. l - S3 ?o c?/`,I
NOTICE UNDER 42 Pa. C.S.A. 2737.1 OF RIGHT TO RECOVER ATTORNEY FEES
AND COSTS AND PROCEDURE TO FOLLOW TO STRIKE OFF OR OPEN A
CONFESSED JUDGMENT
TO: Dusan Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
Pursuant to 42 Pa.C.S.A. 273 you are hereby notified that a debtor who has been incorrectly
identified and had a confession of judgment entered against him shall be entitled to costs and
reasonable attorney fees as determined by the court.
Pursuant to 42 Pa.C.S.A. § 273 you are hereby notified of the instructions regarding the
procedure to follow to strike off or open a confessed judgment under Pennsylvania Rule of Civil
Procedure 2959, which is reproduced in full, on the following page.
Respectfully submitted,
QV4
Heather Z. Kelly, Esquire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Attorneys for Plaintiff
Date: June2? , 2011
PENNSYLVANIA RULE OF CIVIL PROCEDURE 2959
STRIKING OFF OR OPENING JUDGMENT; PLEADINGS AND PROCEDURE
(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 sheriff to
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 Rule 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 plaintiff shall file an answer on before the return day 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 are 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 are 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, regarding procedures
to follow to strike a judgment or regarding any rights available to an incorrectly identified
debtor.
(2) Subdivision (g)(1) shall apply to (1) judgment entered prior to the effective date
of a subdivision (g) which have not been stricken or opened as of the effective date and (2)
judgment entered on or after the effective date.
FILED-OFFICE
OF THE PROTHONOTARY
1011 JUN 30 PM 2: 10
CUMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkellygmette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V.
DUSAN BRATIC and KATHLEEN M
BRATIC
Defendants
DOCKET NO. 1 /, S 3? c--\4 I ?C`A'
NOTICE UNDER 42 Pa. C.S.A. 2737.1 OF RIGHT TO RECOVER ATTORNEY FEES
AND COSTS AND PROCEDURE TO FOLLOW TO STRIKE OFF OR OPEN A
CONFESSED JUDGMENT
TO: Kathleen M. Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
Pursuant to 42 Pa.C.S.A. 2737. 1, you are hereby notified that a debtor who has been incorrectly
identified and had a confession of judgment entered against him shall be entitled to costs and
reasonable attorney fees as determined by the court.
Pursuant to 42 Pa.C.S.A. § 273 you are hereby notified of the instructions regarding the
procedure to follow to strike off or open a confessed judgment under Pennsylvania Rule of Civil
Procedure 2959, which is reproduced in full, on the following page.
Respectfully submitted,
Heather Z. Kelly, I&-quire
I.D. No. 86291
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
Telephone: (717) 232-5000
Attorneys for Plaintiff
Date: June ??? 2011
PENNSYLVANIA RULE OF CIVIL PROCEDURE 2959
STRIKING OFF OR OPENING JUDGMENT; PLEADINGS AND PROCEDURE
(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 sheriff to
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 Rule 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 plaintiff shall file an answer on before the return day 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 are 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 are 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, regarding procedures
to follow to strike a judgment or regarding any rights available to an incorrectly identified
debtor.
(2) Subdivision (g)(1) shall apply to (1) judgment entered prior to the effective date
of a subdivision (g) which have not been stricken or opened as of the effective date and (2)
judgment entered on or after the effective date.
539728v1
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkelly@mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V. :
: DOCKET NO. r S3 v .
DUSAN BRATIC and KATHLEEN M. /
BRATIC
Defendants
NOTICE OF ENTRY OF JUDGMENT
TO: Kathleen M. Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
You are hereby notified pursuant to Rule 236 of the Pennsylvania Rules of Civil
Procedure that Judgment has been entered against you in the amount of $427,073.54 as provided
in the Note and Guaranty referenced in the Complaint plus all interest after the entry of such
judgment at the rate permitted by law.
Protho of Cumberland Count
SEAL
Dat By:
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Attorney I.D. No. 86291
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
(717) 236-1816 (fax)
hzkellygmette.com
Attorneys far Plaintiff
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
V. ,I
: DOCKET NO. ?? - S3G ??'
DUSAN BRATIC and KATHLEEN M.
BRATIC :
Defendants
NOTICE OF ENTRY OF JUDGMENT
TO: Dusan Bratic
5609 Pinehurst Way
Mechanicsburg, PA 17050
You are hereby notified pursuant to Rule 236 of the Pennsylvania Rules of Civil
Procedure that Judgment has been entered against you in the amount of $427,073.54 as provided
in the Note and Guaranty referenced in the Complaint plus all interest after the entry of such
judgment at the rate permitted by law.
Protho u mberland County
SEAL
Date B
SHERIFF'S OFFICE OF CUMBERLAND COUNTY
Ronny R Anderson c-s ? ?y
Sheriff
f t = . i
Jody S Smith yti1r o
airttb a???i rm
?
a L rn-
Chief Deputy ?
X
- r-'
Richard W Stewart r
Solicitor
C-
g
CD _1
) s
C-5 C-31
r1ri
3-
Metro Bank
vs.
Dusan Bratic (et al.)
Case Number
2011-5366
SHERIFF'S RETURN OF SERVICE
07/05/2011 08:15 PM - Amanda Cobaugh, Deputy Sheriff, who being duly sworn according to law, states that on July
5, 2011 at 2015 hours, she served a true copy of the within Complaint in Confession of Judgment and
Notice, upon the within named defendant, to wit: Dusan Bratic, by making known unto Kathleen Bratic,
Wife of Defendant at 5609 Pinehurst Way, Mechanicsburg, Cumberland County, Pennsylvania 17050 its
contents and at the same time handing to her personally the said true and correct copy of the same.
my-4 d ck(l , I k
A COBAUGH, DEPU
07/05/2011 08:15 PM - Amanda Cobaugh, Deputy Sheriff, who being duly sworn according to law, states that on July
5, 2011 at 2015 hours, she served a true copy of the within Complaint in Confession of Judgment and
Notice, upon the within named defendant, to wit: Kathleen M. Bratic, by making known unto herself
personally, at 5609 Pinehurst Way, Mechanicsburg, Cumberland County, Pennsylvania 17050 its contents
and at the same time handing to her personally the said true and correct copy of the same.
1
Id I Y'Ll
ARM COBAUGH, DEP
SHERIFF COST: $54.44
July 06, 2011
SO ANSWERS,
RON R ANDERSON, SHERIFF
C! Coup?"'Suite She"f ie; eos tt. Inc,
?i
V
METRO BANK, f/k/a Commerce
Bank/Harrisburg, N.A.
Plaintiff
V.
DUSAN BRATIC and
KATHLEEN M. BRATIC
Defendants
COURT OF COMMON
: IN THE
PE N PENNSYLVANI
CUMBERLAND COUNTY, A
-_D
DOCKET NO. 11-5366 CIVIL
_
-' :_
C,
_
RULE TO SHOW CAUSE
. ,-Z da of , 2011, it is hereby ORDERED that:
AND NOW, this Y
1. A Rule is issued upon Respondent to show cause, if any ithas, wh
th
Judgment entered in the above-captioned matter should not opened and the
defenses of the Petitioner be permitted;
2. The Respondent shall file an Answer to the Petition to Open Judgment within
oj- days from the days of service upon the Respondent;
3. The Petition shall be decided under Pa.R.C.P. 206.7;
4. Depositions shall be completed within 66 days of this date No.
5. Argument shall be held on ? ? eA d 1 20J/ --- in Courtroom
of the our?ty Courthouse; G-,& 02 ` 0 /4?9417
6. Notice of the entry of this Order shall be provided to all parties by the Petitioner;
and
7. All proceedings, including all executions on the judgment docketed hereto are
stayed pending this Court's review and determination of the Petition to Open
Judgment and rulings thereon and the entry of an Order dissolving such Stay.
Distribution List:
Prothonotary
Dusan Bratic, Esq. 101 South US Route 15, Dillsburg, PA 17019
Heather Kelly, Esq. Mette, Evans & Woodside, 3401 N. Front St., PO Box 5950,
Harrisburg, PA 17110-0950 F
1es
POP
h
_'RO H0N0TAP'.
2[111 AUG 29 h 10: 50
`'UMBERLAND COUNTY
PENNSYLVANIA
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Sup. Ct. ID No. 86291
3401 N. Front Street
P.O. BOX 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Facsimile
hzkellygmette.com
Attorneys for Plaint[
METRO BANK, f/k/a COMMERCE
BANK/HARRISBURG, N.A.,
Plaintiff,
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
DOCKET NOS. 11-5366-CIVIL
V.
DUSAN BRATIC and KATHLEEN
BRATIC,
Defendants
MOTION FOR EXTENSION OF TIME
Plaintiff, Metro Bank f/k/a Commerce Bank/Harrisburg, N.A., by their counsel, Mette,
Evans & Woodside, files the following Motion for Extension of Time of the August 16, 2011
Rules to Show Cause and aver in support:
1. On August 16, 2011, the Honorable Court issued identical Rules to Show Cause
with regard to all of the above-referenced matters.
2. Counsel for the parties are actively engaged in negotiations in an attempt to settle
all of the above-referenced actions.
542276v1
3. In an effort to contain costs of litigation, counsel for the parties jointly request an
extension of time of the deadlines contained in the August 16, 2011 Rules to Show Cause as
follows:
a. The deadline for Plaintiff to file Answers to the Petitions to Open Judgment is
extended to September 30, 2011
b. The deadline for taking depositions, if sought, is October 16, 2011
As previously scheduled, argument shall be held on October 21, 2011, in
Courtroom No. 4 of the Cumberland County Courthouse at 2:00 p.m.
4. Counsel for the Defendants, Dusan Bratic and Kathleen Bratic, do not oppose this
Motion.
WHEREFORE, Plaintiff, Metro Bank, f/k/a Commerce Bank/Harrisburg, N.A.
respectfully requests this Honorable Court enter an Order extending the deadlines of the August
16, 2011 Rules to Show Cause.
Respectfully submitted,
METTE, EVANS & WOODSIDE
By: we-qA004, -R
HEATHER Z. K LY, E UIRE
Sup. Ct. I.D. No. 86291
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Fax
Attorneys Plaintiff, Metro Bank
f/k/a Commerce Bank/Harrisburg, N.A.
Date: August 26, 2011
2
CERTIFICATE OF SERVICE
I certify that I am this day serving a copy of the foregoing document upon the person(s)
and in the manner indicated below, which service satisfies the requirements of the Pennsylvania
Rules of Civil Procedure, by depositing a copy of same in the United States Mail at Harrisburg,
Pennsylvania, with first-class postage, prepaid, as follows:
Dusan Bratic, Esquire
BRATIC and PORTKO
101 South Office Center, Suite A
101 South U.S. Route 15
Dillsburg, PA 17019
Respectfully submitted,
METTE, EVANS & WOODSIDE
By: /?k' A /A ,. z &??
HEATHER Z. LLY, QUIRE
Sup. Ct. I.D. No. 86291
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Fax
Attorneys Plaintiff, Metro Bank
f/k/a Commerce Bank/Harrisburg, N.A.
Date: August 26, 2011
METRO BANK, f/k/a COMMERCE
BANK/HARRISBURG, N.A.,
Plaintiff,
V.
DUSAN BRATIC and KATHLEEN
BRATIC,
Defendants
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLV ANIA
c c
DOCKET NOS
l l- 366 - CIVIL
.
ca
zm
c
r
-<> w nc'
X
°C CD
-r
ORDER - CO
AND NOW, this day of August, 2011, upon Plaintiff's, Metro Bank, f/k/a
Commerce Bank/Harrisburg, N.A. Motion for Extension of Time, IT IS HEREBY ORDERED
that the following dates of the August 16, 2011 Rules to Show Cause filed in the above-
referenced matters are extended as follows:
The deadline for Plaintiff to file Answers to the Petitions to Open Judgment is
extended to September 30, 2011
2. The deadline for taking depositions, if sought, is October 16, 2011.
As previously scheduled, argument shall be held on October 21, 2011, in
Courtroom No. 4 of the Cumberland County Courthou at 2:00 p.m.
The rable Kevin A. Hess
Distribution List:
Prothonotary
?Heather Z. Kelly, Esquire, Mette, Evans & Woodside, 3401 N. Front Street, P.O. Box 5950,
Harrisburg, PA 17110-0950; hzkellygmette.com; phone number (717) 232-5000
v/Dusan Bratic, Esquire, Bratic and Portko, 101 Office Center, Suite A, 101 South U.S. Route 15,
Dillsburg, PA 17019; phone number (717) 432-9706
4
Yta F4? y v Y 1 Fi t. I E r?
t
METTE, EVANS & WOODSIDE
Heather Z. Kelly, Esquire
Sup. Ct. ID No. 86291
3401 N. Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Facsimile
hzkelly c,,mette.com
Attorneys for Plaintiff
METRO BANK, f/k/a COMMERCE
BANK/HARRISBURG, N.A.,
Plaintiff,
V.
DUSAN BRATIC and KATHLEEN
BRATIC,
Defendants
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
NO. I1-5366 CIVIL
JOINT MOTION TO STAY
PENDING CHAPTER 11 BANKRUPTCY
NOW COME, Plaintiff and Defendants (the "Parties") and file the within Joint Motion to
Stay Pending Chapter 11 Bankruptcy, in support whereof, the Parties aver as follows:
1. On or about June 30, 2011 Plaintiff entered judgment by confession against
Defendants.
2. On or about August 4, 2011, Defendants filed a Petition to Open or Strike.
3. On or about August 16, 2011, this Honorable Court issued a Rule to Show Cause,
and scheduled a hearing for 2:00 p.m. on Friday, October 21, 2011.
4. On September 19, 2011, Defendant Dusan Bratic filed a Chapter 11 bankruptcy
petition, which bankruptcy is currently pending in the United States Bankruptcy Court for the
Middle District of Pennsylvania and is docketed at 1:11-bk-06413-RNO ("Bankruptcy").
5. Although Defendant Kathleen Bratic is not a named Debtor in the Bankruptcy, the
obligations of Kathleen Bratic at issue in this matter will be addressed through the Bankruptcy.
6. The Parties are working cooperatively in through the Bankruptcy to resolve all
outstanding obligations among the Parties.
7. A successful Chapter 11 Plan of reorganization through the Bankruptcy would
resolve all of the issues raised in the Petitions to Open or Strike.
8. The Parties have jointly agreed to request a stay of these proceedings pending the
conclusion of the Bankruptcy.
WHEREFORE, the Parties jointly request that this Honorable Court stay these
proceedings for the duration of Bankruptcy No. 1:11-bk-06413-RNO.
Respectfully submitted,
METTE, EVANS & WOODSIDE
By: AA? f, z?A?
HEATHER Z. Y, ESQ RE
Sup. Ct. I.D. No. 86291
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Fax
Attorneys Plaintiff, Metro Bank
f/k/a Commerce Bank/Harrisburg, N.A.
CERTIFICATE OF SERVICE
I certify that I am this day serving a copy of the foregoing document upon the person(s)
and in the manner indicated below, which service satisfies the requirements of the Pennsylvania
Rules of Civil Procedure, by depositing a copy of same in the United States Mail at Harrisburg,
Pennsylvania, with first-class postage, prepaid, as follows:
Dusan Bratic, Esquire
BRATIC and PORTKO
101 South Office Center, Suite A
101 South U.S. Route 15
Dillsburg, PA 17019
Respectfully submitted,
METTE, EVANS & WOODSIDE
By:
EATHER Z. K'fLLY, QUIRE
Sup. Ct. I.D. No. 86291
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
(717) 236-1816 - Fax
Attorneys Plaintiff, Metro Bank
f/k/a Commerce Bank/Harrisburg, N.A.
Date: October 21, 2011