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HomeMy WebLinkAbout04-4492 o If- If-~-P1J ~ $51,000.00 August 3, 2004 JUDGMENT NOTE NORMAN ELAM AND BETTY J. ELAM, HIS WIFE AND MICHAEL R. STAUFFER AND PAULETTE J. CROOK STAUFFER, HIS WIFE, (Borrower) promise to pay to D & S CUSTOM HOMES, a Partnership, (Holder) of 19 McCoy Lane, Carlisle, P A 17013, the sum of Fifty One Thousand and no/IOO ($51,000.00) Dollars, without interest, on or before December 31, 2006 or upon the occurrence of final settlement of property to be built on Lot 103 Phase 2, Callapatscink, Dickinson Township, Cumberland County, Pennsylvania. Notice, demand, presentment, or protest is expressly waived by Borrower. Borrower shall have the right to repay all or part of the principal amount of this note at any time or from time to time without premium or penalty. In addition, in the event of the default in the payment due hereunder, Borrower does hereby authorize and empower the Prothonotary or any Attorney of any Court of Record of Pennsylvania or elsewhere to appear for and enter judgment against Borrower for the above sum, with or without declaration, with costs of suit, release of errors, without stay of execution and with fifteen percent (15%) added for collection fees; and Borrower hereby agrees not to make any motion or any application whatsoever to any Court for an inquisition on any real estate that may be levied upon to collect the aforesaid sum, and Borrower voluntary condemns same and authorizes the Prothonotary to enter said voluntary condemnation upon the Writ of Execution. Borrower further agrees that any property, real, personal or mixed may be sold through a Writ of Execution and further hereby waives and releases all relief from any and all appraisements, stay or exemption of any State now in force or which are passed hereafter. NO SINGLE EXERCISE OF THE FOREGOING POWER TO CONFESS JUDGMENT SHALL BE DEEMED TO EXHAUST THE POWER WHETHER OR NOT ANY SUCH EXERCISE SHALL BE HELD BY ANY COURT TO BE VALID, VOIDABLE. OR VOID, BUT THE POWER SHALL CONTINUE UNDIMINISHED AND IT MAYBE EXERCISED FROM TIME TO TIME A OFTEN AS THE HOLDER HEREOF SHALL ELECT, UNTIL SUCH TIME AS THE HOLDER HEREOF SHALL HAVE RECEIVED PAYMENT IN FULL OF ALL AMOUNTS OWING HEREUNDER, TOGETHER WITH COSTS. ~ WAIVER IN EXECUTING THIS NOTE, BORROWER UNDERSTANDS THE TRANSACTION, AND KNOWINGLY AND VOLUNTARILY WAIVES THE RIGHT TO CONTEST THE ENTRY OF THIS JUDGMENT AGAINST BORROWER IN COURT AND DOES HEREBY CONSENT TO THE ENTRY OF THE JUDGMENT BY CONFESSION. BORROWERs HEREBY CERTIFY THAT THEY HAVE EARNINGS OF $10,000.00 OR MORE PER YEAR. Witness my hand and seal the day and year first above written. Docs/Real Estate!J-Note-2,doc It--~. NORMANELAM (SEAL) B~ (SEAL) (SEAL) / ( c Norman and Betty Elam 19 M:::Coy I..ane, Carlisle, PA 17013 Michael and Paulette J crook Stauffer 237 Lincoln Way East, New Oxford, PA 17350-1200 Q ~ --.J ~ ~ f <-1'\ t D~ ~, """") <..J)' LN, ~ I -..j , 0- ~ :;J ~, e:r r-) ,,> (:,- ~ () .....;.;~ -'j c) ~\U)~ lI"' ' '"'" ~, , _1 ..;-,. c:::) -, j~'" :'0 O'i .....,. <0 ~, \ ~ ~ ,..-f\ ~ D&S CUSTOM HOMES, Plaintiff : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, P A v. : DOCKET NO. 04-4492 NORMAN ELAM AND BETTY ELAM., HIS WIFE, AND MICHAEL R. STAUFFER AND PAULETTE 1. CROOK STAUFFER: HIS WIFE, Defendants PRAECIPE TO THE PROTHONOTARY: Please mark the above-captioned matter paid in full and satisfied. RESPECTFULLY SUBMITTED, DATED: gf, )0\' , // / / ( Atto Y ID # i ! 26 est High Street lisle, PA 17013 717) 243-6222 Attorney for Plaintiff /' ,flII31' AI SfM.... ~- --~ .........'(8, "II ' ~,.,-~- 2" \'1-- <a~. ~.'- Z(, Z: ~~) "(,, 'Y<;"y 3. ~ Q. "'" z:;. ~:Q ~ ~'S eft ~~ no ~ :!jf' -P. ~ v:> . r;J:J