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HomeMy WebLinkAbout12-4002w IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW tz? rf ORRSTOWN BANK NO. 2 VS. SUSAN DeREMER SLAGLE ENTRY OF APPEARANCE CONFESSION ?C N ?1 OF JUDGMENT "< Pursuant to the authority contained in the Promissory Note dated May 25, 2001, a copy of which is attached to the Complaint in Confession of Judgment filed in this action, I appear for the Defendant and confess judgment in favor of Plaintiff, Orrstown Bank, and against Defendant, Defendant, Susan DeRemer Slagle. Principal: $691,708.50 Interest March 26, 2012: 2,166.12 Loan Admin Fee 200.00 LegalFees 3,000.00 Total $697,074.62 Dilworth Paxson LLP By: Jaw. Eli beth Goldstein, Esquire Attorney for Defendant 6S 4 -19 l ?` ?y?? 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNS CIVIL ACTION - LAW ORRSTOWN BANK NO. 12 . WOR vs. SUSAN DeREMER SLAGLE COMPLAINT IN CONFESSION OF JUDGMENT t a?; z+. ca Plaintiff files this Complaint pursuant to Pennsylvania Rule of Civil Procedure 2951(b) for judgment by confession and avers the following: C, rn ?' 1. Plaintiff is Orrstown Bank, a bank authorized to do business under the laws of the Commonwealth of Pennsylvania with an office at 77 East King, Shippensburg, Pennsylvania 17257. 2. Defendant is Susan DeRemer Slagle ("Slagle"), an adult individual last known to reside at 8 Foxfield Court, Mechanicsburg, Cumberland County, Pennsylvania. 3. Defendant, Slagle, for good and valuable consideration, made and executed in favor of Plaintiff, Orrstown Bank, a Promissory Note dated May 25, 2001 in the principal amount of $1,050,000. A true and correct copy of said Promissory Note is attached hereto as Exhibit "A" and made a part hereof. 4. The Promissory Note dated May 25, 2001 was subsequently amended on June 30, 2003 pursuant to a Mortgage Note Modification Agreement and on August 10, 2006 pursuant to an agreement entitled Change in Terms of Agreement (the note, as amended, is hereinafter referred to as the "Note"). A true and correct copy of said Mortgage Note Modification Agreement and First Amendment to Promissory Note are attached hereto as Exhibits "B" and Exhibit "C" respectively and made a part hereof. 93958092 5. Slagle, owes Plaintiff, Orrstown Bank, the following under the terms of said Promissory Note: Principal: $691,708.50 Interest as of March 26, 2012: 2,166.12 Loan Admin Fee 200.00 Legal Fees 3,000.00 Total $697,074.62 6. Said Promissory Note is in default for Defendant's failure to pay principal and interest when due and owing. In addition, by virtue of, among other things, the failure to satisfy a judgment against Defendant despite notice and an opportunity to cure, the Note is in default. To date, the judgment remains unpaid. 7. Judgment has not previously been entered on said Note in any jurisdiction. 8. There have been no assignments of said Promissory Note. 9. Judgment is not being entered by confession against a natural person in connection with a consumer credit transaction. WHEREFORE, Plaintiff, Orrstown Bank, demands judgment against Defendant, Susan DeRemer Slagle, in the amount of $697,074.62. Dilworth Paxson, LLP By: Za,?? Eli Beth Goldstein, Esquire Martin J. Weis, Esquire Dilworth Paxson LLP 112 Market St., Suite 800 Harrisburg, PA 17101 (717) 236-4812 93958092 Exhibit "A" PROMISSORY NOTE e Loan C Qoll A+ unt 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 aI56va.corWrlh '"" has been omitted due to text length limitations. BorroWer: SUSAN DEREMER SLAGLE 1261 CLAREMONT RD. CARLISLE, PA 17013 Lender ORRSTOWN BANK WLYER SPRING OFFICE 3 BADEN POWELL LANE STE1 MECHANICS! UR0,.'PA 17050 Principal Amount: $1,050,000.00 Date of Note May 9, 2001 Maturity Date: November 25, 2021 PROMISE TO PAY. BUSAN DER1 MER SLAGLE ("Borrower") promises to pay to ORRSTOWN BANK ("Lander"; or order, In lawful money of th united States of America, the principal amount of One Million Fifty Thousand & QM 00 Dorlera ($1.050,000AD)4 together with Interest on the unpaid principal balance from May 25, 2001, until paid In full PAYMENT. Subject to any payment changes resulting from changes in the Index, Swower *111 pay this loan on demand. Payment In full lit due Immediately upon Lender's demand. If no demand Is made, borrower will pay this loan In accordance with the following psymert schedule: 6 monthly consecutive interest payments, beginning June 25, 2001, with Interest calculated on the unpaid principal balances at an Interest rata of 8.000'!6 per annum; 48 monthly consecutive principal.and interest payments in the Initial amount of $8,78262 sae bodtli iog December 25, 2001, with Interest calculated on the unpaid:pdnc4* balances tt an Interest rata of &ODD% per annum; 191 monthly ooftMouOve Wincipal and interest payments In the Initial amwuM- of 08,386 Dt3 each, b rig Dooember 25, 2005, with interest catculetted on the unpaid principal balan4es at an interest rata based on the CL-WALL SIROM PRIW' (currently 7 MM), resulting In an Initial interest rate of 7,000%; and one principal and Interest payment of $8,33722 on November 25, 2021, with Interest ca lcutetod on the unpaid principal lances at aft Interest rate based on the CL-WALL STREET PRIME (cunerrHy 7.000%), resulting In an atkial Irrtptaet rate of 7,000%. This estimated fkW payment Is based on the assumption that all payments will be made exactly as adveduted and t,,a %a Index does not change; 0mactuat final payment wilt be for all principal and accrued Interest not yet paid, together with any other unpaid amounts under this Note. Unless otherwise agreed or required by applicable law, payments will be applied first to accrued u%mtd Interssd then to principal, artd any remaining amount to any unpaid collection, costs and Iota charges_ The annual lrrtergat rate= for this Kota is computed on a 30/210 !feats; that is, by eppIyktg?the ratio of the annual interest ralte ova' s ar of 360 days, multiplied by the ovtston+ding prhvcfpaf balance, multipl, ied by the actual numbbr of days the principal balance is outistwu g. Borrower will pay Lender at Lender's address shown above or at such other place as Lender may designate in w *Q. VARIABLE INTEREST RATE. The Interest rate on this Note is subject to change from ftme to time based on changes In an independent index which is the Wall Street Prime (ths "Index'). The Index is not necessarity the loweal. rate charged by Lender on tts 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 stay. Borrower understands that Lender may make loam based on other rates as well. The Index currently Is 1_000% per annum. The kitareat rate or rates to be applied to the unpaid principal ba -of thts Note wilt be the rate or rates set forth herein in the 'Payment, section. Notwithstanding any other provision of this Note, after the first payment stream. the Interest We for each subsequalt paymw4 stream will be effective as of 'the last payment date of the just dtog payment stream. NOTICE: Under no ckcumstances will the interest rate on this Note be more Breit the maximum rate allowed by applicable law. V Lever increases occur in the interest rata, Lender: at As option, may die one or more of the following: (A) incrame. Sorrower's payments, tD emure e wer's load will pay off by as original final maturity dste, (B) increase Borrowers payments to cover acoming interest, (C) increase the number of Borrower's payments, and (D) continue Borrower's payments atThe"same aMorxtt and Increase Borrower's 6nalpayment. PREPAYMENT PENALTY. Upon prepayment of this Note, Lender is entitled to the followringprepayrrierd penMtyz Should Borroww prepay 811 or any amount of principal during the next four (4) years the Borrower shall be assessed agdnst the amount prepaid, a four parceirit (4.W%) prepwriient partalty, The assessment percentage shall dser'emia one putt (M%) per annum to par. Lender acknowledges Oat oxc"ed tmn dft mieasst oil: will be principal payments that are generrAo *a,a resuit of opealiton of the buskwom fbr wtttrlt the loan was extwide& t3pertflra+ay root excepted will be any prapaymo nts ger?enited as a result of -a"ring at any other f#nancial InathuWn. Exospt for the fsiregottrg, $orronrar maY lay aft or a portion of the amount owed awltw then b due EarlYpaiyments wifi;nok unless agr"d to tit Lontiar In wrWjg, rgltive, Borrower or B+orroWer's obtiption to contiriue"to make pxymente, undw the payment adladuie. Rather, they will mdues the prinolipat balance due and may result In Borrower ma fewer payment*. . Except for the totego}ng, Sore m m+W pay off or 8.portian?ofO amount owed estdien then It is due, tarty payments I not, unto" agreed to Lender In wrOV, r6gave Burrower of Sorrowees obllgabPrt to continue to make payments under the payment schedule, bather, early poytnor is will. reduce the prBXW bataAw due and may result In Borrower's retaking fewer payments. Borrower agrees not to send Lender paymtts marked 'paid in tWP, *Yftout reeoitlee', or similar tariguage. If Sorrowr sands such a payment, Lender may accW it without loshig any of l enders rights wider this We, and Borrower will remain aMl9aW W pay any further amount owed to Lender. All written contmtxtications concern" disputed amounts. vrotuding any check or other payment instrument that it d mixes Umt the payment constitutes `payrnent In full" of the amount owed or that is tendered with Dater condi`t ne or limitations or as fbll safisfactkin of a disputed amount must be mailed or delivered to: ORRSTOWN BANK, P.O. BOX 250 SHIPPENSBURG, PA 17257. LATE CHARGE. It a payment is 16 days or more late, Borrower will be charged 5,000°/6 of the regularly scheduled payment or $60.00, whichever Is greater. iNi OWST AFTER DEFAULT. Upon defaut4 holudktg fallur+e to pay upon final rriatU.si'rty, ftte tDtal sum due eider this Note Will bar interest from the date.af a eration or maturity at the variable Interest rate on this Note. The interest rate will not exceed the maximum reite permttled by applicable law. IWAULT. Each of the following shall constitute an event of default (*E vent of Default') under this Note: Payrn"t woutt. Borrower falls to make, any payment when due"under this Note. Other Defaults. Borrower fails to comply with or ta. peftro any other, term obligation, cot*tant or condlSon conUWied in this Note or in any of the mlatad documents or to comply with or to perform any term, obf gation, covenant or condition contahed in any other agreement between Lender and Borrower. Faire $Werherda? Any warranty, reprasentdtIcp or statement trade or famished to L.enctor by Borrower or on 6brrower's bMwff under this <i or ties related documents is false or misleading tit any material raspeet, either now or at the time made or fumished or becomes false or misleading' at any time, thereafter. I7"#dh or Insolvency. The death of Borrower or the dissolution or termination of Borrowers existence as a gornp business. the Insolvency of Sorrotaser, the appointment of a receiver for any part of Borrower's property, any asaWnment for the benefit of creditors, any type of creditor workout, or the commencement of any proC@edpg under any bankruptcy or Insolvency laws by or against Borrower. PROMISSORY NOTE (Continued) Page 2 Creditor or Forfeiture Frooeedings, Commencement of foreclosure or 'forfeiture proceedings, whether by Iue#cial proceeding, self-help, repossession or any other methods by any creditor of Borrower or by any governmental agency against any oxiltateraf securing the loan. This Inckides a,gamishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event of Default shall, not apply If there, is a,gbodfailh dispute by Borrower as -to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and N Borrow gives (.ender written notice of the creditor or forfeiture proceeding and deposits with Lender monles or a surety bond for the creditor or *xfd1W(0 proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute- i rots Alf w ing Ou tour. Any of the preceding events occurs with respect to any Guarantor of any of the indebtedness or any Guarantor dies oebecoam ir%ogx tent, or revokes or disputes the validity of, or liability under, any guaranty of the kxlebtedness evidenced by this Note, In the every 4a death, Lender, at its option, may, butshall not be required to, permit'the Guarantor's estate to assume unconditionally the obligation& arising under the guaia* in a manner satisfactory to Lender, and, in doing so, otm any Event of Defautt, Adverse Chnige. A matwiai adverse orange occurs In Borrower's financial. condition, or Lender believes the prospect of payment or perlormanos of itrf Note Is iirr kl%i Insecurity. Lender In good faith believes itself insecure. Cure Prov ifs. If any defoutt, other than a datauft in payment is curableand If Borrower has not been given a notice of a breach of the same pr®Vfsltm of this Note within the ptecectiirtg twelve (12) months, it may be cured (and no event of dalautt will have occurred) if Borrower, after WelWg wrIW notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more Om fifteen (IS) Hays, immediately Initiates steps which Lender deems .in tender's sole discretion to be sufficient to cure the default and thereatter 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 taw, 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, LuKler may hire or pay someone else to help court this Note If florrower does not pay. Borrower Wilk pay Lender` that amount. This Incl des, xub(ect to any limits under applicable law, Lender's ,attorneyz; fees and Lender's legal expenses, whether or not there is a lawsuit, ft0ft stwosys' fees, etcp9nses for barumotcy proceedings (including efforts. to modify or vacate any automatic stay or inlur,ctlon), and appeals. if not pt N)W'by aappicable law, Borrower also will pay any court costs, in addition to all other sums provided by law. RfGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Bortower% arcounts with Lender (whether checking: savings, or-sorne oftw acc9unO. This ktaludes all accounts Borr0vftr holds )ohlty with someone else and allwoounts Borrower may open In the future. However, this,does not include any IRA or Keogh accounts, or any bust accounts for which setoff would be, prohibited by law, Borrower authorizes LerWa , to tfw extent permitted by applicable taw, to charge or setoff al sums owing on the kukbi e s sWWM any and all such accounts, and, at Lender's option, to administratively freeze all such accounts to allow Lender to protect Lender's charge and setoff rights provided in this paragraph. COLLATERAL. Borrower acknowledges this Note Is secured by a Mortgage stated May 25, 2001, to Lender on real properly described: as 'Real Property ktcated at IWI CLAREMONT RD., CARLISLE, PA 17013' and located In OUMBEALAND County,-Commortweatth of Pennsylvania, all the terms and conditions of wrttk h are hereby incorporated and made a part of this Note; an Assigniment of All R" to Lender on real property -described as 'Real Property located at 1261 CLAREMONT RD., CARLISLE, PA 17013' and boated in CLIMBER AND CoLv*, CAmmonweWth of Pennsylvania, all the terms and conditions of which are hereby Incorporated and made a part of this NoW a Mortgage dated May 25.2001, to Lender on real'propef y described as 'Reaf Property located at 37 HAMPTONS LANE THE PRESERVE, NORTH BETHANY BEACH, DE 19930" and located in SUSSEX County, State of Delaware, all the terms and conditions of which are hereby incorporated and made a part of tI is Note; a Mortgage dated May 25, 2001, to Lender on real property deserter! as 'Real Property located at 309 HOCK"SVILLE RD,. KOSHEY, PK &W located in DAUPHIN County, Commomveaflh of Powsyh!artta, all fits terms and conditions of which are twoby lrtcog0ated and made a part ofthls Nate; and an AssigtwvOt.of All Rents to Lerxler on neat property described as 'Real Property located at 309 HOCKF.RS'ViLLE RD., HERSHEY, PA" and located in DAUPHIN County, Commonwealth of Psnnsy1vw1a4 all the tears and conditions of which are thereby Incorporated and made a part of this Note. PROPERTY INSURANCE. Borrower understands #W Borrower Is requked to obtain insurance for the coMtterat securing this Notre f=urther information concernkig. this retlt**rterrt Is setfortit In the Mortgage and in the Agreement to Provide Insurance, ail the terms, and conditions of Which are hereby incorporated and made a part of this Note. FINANCIAL INFORMATION. The Borrower agrees to ,provide the Lender with Federal Tax Returns and/or CPA, prepared Financial Statements and any outer ftlnaneial WomwWoL required by the Lee's Original Commitment Letter to the Borrovrer, on an it uial basis. If the Lender does- not receive the mired financial kftTf*Wn within two hundred seventy (270) days of the Borrower's fiscal year and, the Lander,he& the e0t to increase the Interest rate charged on this Note by 0255x. The-Borrower shall receive written notification ten (10) dos prior to the Lender Increasing the Interest rate charged -- omits Note. SUCCESSOR INTERESTS. The terms of this Note shall be bincrM upon Borrower, arty! upon Borrower's helm, personal representatives, successors and assigns, and shall Inure to the benefit of tender and Its successors and assigns, NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please.nottiy us 4 we report " inaccurate Informotim about your accots*) to a cafnsumar reporting agency. Your wrtitm notice describing the sped i naccuiwAies) should be sent to us at the fotlowtng address: ORRSMWN BANK P.O. 13OX 250 SHiPPENSBURiC, PA 17257 GENERAL PROVISIONS, Thlsfbtels pay" on demand. The inclusion of specific default provisionsor rights of Lender shall not predude Leader's fight to declare pwyment of title Note on it's demand. Lender may delay or forgo enforcing any of its or rerrterzlles under this Note vrithout losing uteri Borrower artq arty other person who signs, guarantees or endorses this Note, to die extrlnt AlIgwed by 1my, warvs praseritment, demand for pent. and trop cd dishpnor. Upon any change in the terms of this Note, and unless otherwise.ekl f stated in writing, no party who signs this Note, wttww As trleker. VAwtor, aocommodathn maker or endorser, steak be released from 4" All such pitches agree that Lender may renew or exterxi (rapea" and for any length of tinw? this loan or release any patty or guarantor or cameral; or Impair, fat to reaNte upon or perfect Lender=s socu* Interest In the colater4 and take any other action deemed necessary by Lender withouttha con*wK of or notice to anyone. All such parties also agree that Lender may modify this ban wifhnut the consent of or notice to arryone other than the party with whom the modification is made. The obikja%m under fftts Note are joint and several. If any portion of this Note is for any reason determined to be unenforceable, it Wpl not affect the en0meabilky of any other provisions of this Note. CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND WPOW RS ANY ATTORNEY OR THE PROTHONOTAERY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA, OR ELseAw e. TO APPEAFI AT ANY TIME FOR BORROWER AFTER A DEFAULT UNDEA THIS NOTE AND WITH OR 'WITHOUT COMPLAINT FILED. CONFESS: OR ENTER JUDGMENT AGAINST BORROWER FOR THE ENTIRE PRiWAPAL BALANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LA'T'E. C 1HARC3ES;AND ANY AND ALL, AMOUNTS EXPENDED OR ADVANCED BY' LENOE.R RELATING TO -ANY COLLATERAL SECURING THIS NOTE, TOGETHER W", COSTS OF SUIT, AND AN ATTORNEYS OOMMISSIONI OF TEN PERCENT (10°x) OF THE UNPAID PRINCIPAL BALANCE AND ACt AUED INTEREST FOR COLLECTfON, BUT IN ANY EVENT NOT LESS THAN WE HUNDRED DOLLARS (5500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE PROMISSORY MOTE (Continued) Page 3 IMMEDIATELY; AND FOR $O DOING, THIS NOTE OR A COPY OF THIS NOTE VERIFIED BY AFFIDAVIT SHALT. $E SUFFICIENT WARRANT. THE AUTHORITY GRAKTI=D IN TMIS 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. BO RROWE13 HERMY WAIVES ANY RIGJiT BORROWER MAY HAVE TO NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH CONFESSION OF JUDGMENT AND 3TATE?S THAT EITHER A REPRESENTATIVE OF LENDER SPECC WALLY CALLI~A THIS CONFESSION OF JUDGMtE 4T PROVISION TO BORFIOWER'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENop-NT LEGAL COUNSEL PRIOR• TO SIGNING THIS NOT1E, BORROWER fMW AND UNDERSTOOD ALL THE PROVISIONS OF TMS NOT , INCLUDING THE VARIAELE INTEREST RATE PROVISIONS. 06111ROWM AGREEST'O THE TERMS OF THE NOTE, 130FIROWM ACKNOWL $ II 1GMPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE. TAUS NOTE IS GIVEN TIN UAL AND IT IS INTENDED THAT THIS NOTE IS AND SHALL. CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCdFONG TO LAW SIORROWER; x r Se81) A it+,#e!(l?ifuswM. ?tw:tu5rkiw+sAewcfli?ipra5let?v.7loor: - ?_ ?_,1i1'.. 'nf4??a Min Exhibit "B" ADAGE IN TERMS AGREEM[ 1 Principal Amount: $917,397.61'. Date of .Agreement: August 10, 2WO Maturity Data: November 25, 2021 DESCRIPTION OF `EXISTING INDEBTEDNESS. Promisorry Note dated May 25, 2001 In the;original amount of $1,050,000,00. DESCRIPTION OF COLLATERAL. Mortgage, recorded May 25, 2001 In Book 1714; Page 137 and a Mortgage recorded 5-25-01, in Book X8$0, Page 136. DESCRIPTION OF CHANGE. IN MM $. The original interest rate of 8.00% that was lbxed until November 25, 2005 as referenced in the original note dated May 25, 2001 aEnd:mmodifledon June 27, 2003 to a rate equal to the Well Street Journal Prime Rate Mus 0.60%. Effective August 25, 2006 the interest rate shag be, oiddifled,again to a fixed rate of 7.50% for the next 60 months; the monthly principal and interest payments will adjust to reflect the new rate. Beginning August 25, 2011, interest shall revert to a floating rate equal to the Wall Street Journal Prime mate plus 0.50%. Should Borrower prepay all or any amount of principal, during the next five (5) years, the Borrower shall be assessed against the amount prepaid, a five percent (5.00%) prepayment penalty. T'he assessment percentage shall decrease one percent 0.00%) per annum to par. Lender acknowledges that excepted from this assessment will be principal payments that are generated as a result of operstion of the business for which the loan was, extended, Specifically not excepted will be any prepayments generated as a result' of a refirlomtng at any other financial .institution. Except for the foregoing, Borrower may pay alt or a portion of the amount owed earlier than is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrrower' or $orrower"s obligation to continua to make payments under the payment schedule. Rather, they will reduce the principal balance due and may result in Borrower making fewer payments. . PAYMENT. Borrower will pay this loan In fur>Immedlately upon Lender's demand. If no demand Is made, subject to any payment chanig" resut*V from changes In the Index, Borrower will pay this loan in accordance with the following payment schedule., 60 monthly consacufte prklclpai and Interest paymnantta In the Inltiei amount of $8;513.06 each,. beginning September 26, 2006, with'Interast cx Wated on the unpaid principal balances at an k* W discounted interest rate of 7.'SW% per annum; and 123 monthly consecutive prNm*W aryl Interest payments 4n the initial amount of $9,004.68 each, beginning September 25, 2011. with thfe "t dated on the unpaldl prlt?pal bey w" at an interest rate based on the Wall Street Prima (aurreritly $,250%h plus a margin of 0,5". resulting in an initial lrvhw* .,`tats of 8,750%. Borrower's *W payment will be dare on November 26, 2021 and wig be for aA principal and accrued Irterest not yet paid, together wkh, any other urVeld amounts on this loan. Union otherwise agreed or requtrod'by applicable law, payments will be applied first to atrr aacrumld o npald Interest., than to principal; then to any unpaid collection costs., 00 than to any late charge;. Interest on tills loan is compaWO an a 3$01360 okvq le Interest basis; that is, by applyi4tg ttW ratio of the annual interest W* over a year of 360 days, multiplied by the outstanding principal balance, muftipfibd 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 deabgnate in writing. VARtA8LE WMEST RATE. For the first 60 payments, the interest rate on this loan will be 7.500%. Thereafter, the lntdrost tAte on this loan 10 subject to change from time to time based on changes in an Independent index which is the Wall Street Prime (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 substhute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower's request. The interest rate chhrigs will not occur more Often than each day. Borrower un $oratands that Lender may make loans based on other ractea as well. The index currar0* is 8.250% per annum. The interest rate or rates to be applied to the unpaid principal balance during this loan vOR be the rate or rates. set forth herein in the "Payment" section. Notwithstanding any other provision of this Agreement, after the first payment stream, the Interest rate for each subsequent payment stream will be effective as of the last payment date of the just-ending payment strearn. NOTIM, Under no circumstances will the interest rate on this loan be more than the maximum rate allowed by applicable taw. Mtherwavar Increases occur in the Interest rate, Lender, at Its option, may do one or more of the following; (A) Increase Borrower's payments to ensure Borrower's loan will pay off by its original final maturity date, (B) Increase Borrower's payments to cover ;accruing Interest, (C) increase the number of 'Borrower's payments, and (0) continue Borrower's payments at the same amount and Increase Borrower's final payment. PREPAYMENT PENALTY. Upon prepayment of this Agreement, bender is r+rltl4sd to the following prepaymon per*W ShWW Borrower peep ay of or any amount of princilpell durirnpl the next five {5) yom. the Sommer shall br assessed agalo tt tha amount pr?epafd a five percent (5,0096) prepayment patty. The assessmentparcantage shall decrease one percent (1.00%f per annum to per. Lender aolcnowlpdgea'that excepted from thk e#essment wig be primal peymorits that nee generated as a result of olwWon of the buskwm for wbkh the Joan wise etctrinded. Tpa y not excepted will he any prep*Wrwrtu generated as a result of is ra ring at any other fk*r*W lmnft4lon, F:xe" for the foregoing, Borrower may pity all or a portion of the amount owed earlier than is due. Early payments wN nom nn Bess ergread to by'Lender In • wrhirt9, relieve Borrower or Borrower's otiflgation to comirgme to make paynwvts aWor the payment schedule. Rattner, they will reduce the principal befam# due and nW rssoft In Borrower making fewer payments.. Except for the foregoing, Borrower may pay PA or n poroorr of the artrount owed obrAer than it is due. Early payments will not, unless agreed to by Lender in writing, relied Borrawrir of Borrower's obligation to continue to make payments under the payment schedule. Rather, early payments will reduce the principal balance due and may result in Borrower's making fewer payments. Borrower agrees not to send Lender payments marked "paid in full", 'without recourse', or aintller language. If Borrower sends such a payment, Lander may accept it without losing any of Lender's rights under thba Agreement, and Sonvwer will remain obligated td pay any further amount owed to lender. All written communications concerning disputed amounts, including any check or other payment instrument that indicates that that payment cornet Uaft "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, ORRSTOWN BANK, 77 EAST KING 3TREEf, P.O. BOX 250 SHIPPENSBURG, PA 17257. LATE CHARGE. if a payment Is 16 days or more lane,. Borrower will be charged 5.000% of the ragobtly scheduled payment or *5040, whichever is greater. INTEREST AFTER DEFAULT. Upon default, including failure to, pay upon final maturity, the interest rate on this loam shall be Increased by adding a 3,000 percentage point margin ('Default Rate Margin"). The.Defeult Rate Margin shall also apply to each succeeding. interest rate aharmge that would have applied had there been no default: After maturity, or after this loan would have matured had there been no default, the Default Rate Margin will continue to apply to the final interest rate descrlbred In, this Agreement. If judgment Is entered in connection with this Agreement, Borrower; Susan-6 Dererner-I lender: bRRSTOWN BANK 8 foxfbeld Court 77 EAST KING STREET Mechanicsburg, PA 17055 F O BOX 250 SHIPPENSBURG, PA 17257 MANGE IN. TERMS AGREEME v T. Loam No: 26375000001 (ContinUrE d) Page 2 ttttarestt will continue to accrue after the data of judgment at the rate in effect at the time udgnitent'Is, entered. Hayirever. to no event will the thterestrate exceed the maximum interest rate'nmitaticns under applicable taw. DEFAULT. Each of the following shall constitute an Event of Default under this Agreement: Payment Default. Borrower toile to make any payment when due under the Indebtedness. Oaten Detain. Borrower falls to corrcply with or to perform any other term, obligation, covenant of condition contained 4n this Agreement: or to any of the Related Documents or to comply with or to perform any `term,; obligation, t2li O or condition contained in any other agreement between Lender and Borrower. FQN State"lants. Any warranty, representation Qr staitoment made or furnished to Lender by Borrower or on Borrower's behalf under this Agree"*'M or the Relpted Documents is false or misleading In any material respect, either now or at the time made or furnished or become# false or misleading at any time thereafter. Death or Insolvency. The death of Borrower or the dissolution or termination of Borrower's existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower's property, any assigrtmertt for the banefit 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 govemmental agency against arty 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 ft then! Is a good <falth dispute by Borrower as to the validity or reasonableness of the, dotal which Is the basalt of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and'daposita with Lander 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. Even$* 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 Nate. in the event of a death, Lender, at its option; may, but alkali not be required to, permit the Guarantor's estate to assume uncondltiorrWthe obligations arising under the guaranty in a manner satisfactory to Lender, and, In doing so, cure any Event of Default. Adverse Change. A material adverse change occurs In Borrower's finaddial condition, or Lender believes the prosMa of peymgnt or, performance of the indebtedness is Impaired. Insecurity. 'Lender in good faith believes Itself insecure. Cure Provisions. It any default, other than a default In payment Is curable and If Sorrovwer has not been given a notice of a breach of -the, same provision of this Agreement within the preceding twelve 41 2) months, It itty be cured If Borrower, after receiving written notice from Lender demanding cure of such default. (1) cures the default within fifteen (16) days; or (21 if the cure requires mars than fifteen1161 days, irtnnled(ataly Initiates steps which Lender deems In Lender's sole discretion to be sufficient to curt} the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. t lei gnu & PJG TS. Upon default, Lender may, after giving such notices as required by applicable law, declare the entire unpaid principal balance Under this Agreement and all accrued unpaid Interest immediately due, and then Borrower will pay that mount, ATTORWYV FM; EXPENSES. Lender may hire or pay aomeone else to help collftt tlvs Agreement If Borrower does not pay. Borrower W14 pay Lender that mount. This includes, subject to arsy lim is under apptteab a law, Lerdor's attorneys' `fees and Lender's legal ulcpenees, whether or not there Is a lawsuit, Including attorneys' foes, expenses for bankruptcy proceedings kincluding ef(Grw to modify or vacate any autonu do stay or injunction), and appeals. If not prohibited by applicable law, Borrower also will pay any court coo", In addition to all other sums provided by law. ,JURY WAIVER. Lender and 06novesr hereby waive the tight to any jury trial in any action, p"x*edh g, or eowiker `brought by ei w L~ ,or Borrower amt the other. .iilQW OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of seWff in all Borrower's accowM with Lander (whether checking, savings, or some other account). This includes all accounts Borrower hakta jointly with someone else and oil accounts Borrower may opts in -the'future. However, this does not Include any IRAs or Keogh accounts, or any InAt accounts. for ~ setoff would be prohibited by law. Borrower authorizes Lender, to the extentpermltted by applicable law, to charge or setoff all sums owing call the indebtedness against any and all such accounts, and, at Lender's option, to administratively freeze all such accounts to #now Lender to ptutmiLendar's charge and setoff:, tights provided In this paragraph. COLLATERAL. Borrower acknowledges this Agreement is secured by the following collateral described in the secuthy Instrument listed hetains It Mortgage dated August 10, 2006, to Lender an real property located In County, Commonwealth of Pennsyhrania. PROPERTY INSURANCE. Borrower understands that Borrower is required to obtain Insurance for the collateral securing this Agreement. Further information concerning this requirement Is set forth In the Mortgage and in the Agreement to Provide Insurance; aH ft terms and conditions of which are hereby Incorporated and made a part of this Agreement. CONTITWI NG VALIDITY. Except as expressly changed by this Aareetnsnt. the terms of the originat obligation or obligations, including all' agreements evidenced or securing the obligation(s), retrain unchanged and In ftM force and effect, Consent by Lander to this Agreement does trot waive t gndar'a right to strlGt performance of the obiigattontsl as changed,. rior.o eta Lander to make any fuit?tre c#fArw In terms. Nothing. In this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lanier to retain as liable parties all makes and epdorsers of the original obligation+ts). Including accommodation patties, unless, a party,[* a aly`released by Lander in writing. Arty milker or endorser, Including acsommodatfon makers, will not be released by virtue of this AgrednTant. If any person who elgtrttd #* original obligation does not sign thin Agreement below. than all persons stgning below acknowledge that this Agreement is given cemdhWally, based on the. representation to Lender that the nort4Wning party consents to the chanagaa and provisions of this Agrearrtertt-or ottterwiso win not be relsa aad by ft. This waiver applies not only to any Initial extension, modification or-release, but also to all such subsequent actions. $_UCCESSOfi MITERESTS. The terms of this Agreement-shall be bk WkV upon Borrower, and upon Borrower's heirs, personal representath", successors, and assigns, and shall be enforceable by Lander and its successors and assigns. NOTIFY US OF INACCURATE INFORMATION WEAEPORT TO CONSUMER REPORTING ARENCIIES. Please potify us If we report any irraiocuram- Information about your accountlsl to a consumer reporting agency. Your written notice describing the specific hwocuracy(ies) should be sent to us-at the following address: ORRBTOWN BANK, 77 FAST KING STREET, P' Q BOX 260, SHIPPENS$URG, PA 17257. 1419MLANW11S, PROVISIONS. This. Agreement is payable on daaa`aand. The Inclusion of specific default provisions or fhts of Leader shall not U ANGE IN TERMS AGREEMEN Loan No: 26375009001 (Continued) Page 3 preclude tender's right tD declare payment of this Agreement on its demand, If any part of this Agreement cannot be enft>rced, this fact will not affect, the rest of the Agreement. Lender mey delay or forgo enforcing any of Its rights or remedies under this Agreement without losing therm. 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 or guarantor or collateral; or Impair, fai3 to realize upon or perfect Lender's security interest in the collateral; and take any other action deemed necessary by Lender without the cooeaatt of or notice to anyone. AN 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 modication 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 80RAOVVER AFTER A DEFAULT UNDER THIS AGREEMENT AND WITH OR WITHOUT COMPLAINT FILED, CONFESS OR ENTER JUDGMENT AGAINST BORRO FA FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT AND ALL ACCRUED INTEREST, LATE CHARD S .AND ANY AND ALI, AMOUNTS EXPENDED OR ADVANCED BY LENDER, RMATING TO ANY COLLATERAL SECURING THE INDES'tIQNIESS, TOGRT TER VVttH COSTS OF SUIT, AND AN ATTORNEY'S COMMISSION OF TEN PERCENT tla%) OF THE UNPAID PRINCIPAL BALANCE AND ACCRUED INTEREST FOR COLLECTION, BUT IN ANY EVENT NOT LM THAN FIVE HUMMED DOLLARS (0500) ON WHICH JUDGMENT OR .1UDOMENTS: ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIATELY; AND FOR SO' GOING THIS AGREEMENT OR A COPY OF THIS AGAREVOiP1 VERIFIED BY AFFIDAVIT SHALL BE SUFFtQEKT WARRANT. THE AUTHORITY GRANTED IN THIS AGREEMENT TO CONFESS JUDGMENT AGAINST BORROWER SHALL NOT BE EXHAOSTE0 OY ANY EXERCISE OF THAT AUTHORITY, BUT SHALL CONTINUE FROM TIME TO. TIME: AND AT ALL TIMES UNTIL PAYMENT IN FULL OF ALL AMOUNTS DUE LINM THIS AGREEMENT. BORROWER HEREBY WANM -ANY RIGHT BORROWER MAY HAVE TO NOTICE OR TO A HEARING IN COW46C 1QN WITH ANY SUCH GONF DN OF JUDG ANT AND STATES THAT EITHER A REPRESENTATIVE OF LENDER SPECIFICALLY CJ1U= THIS CONFESSION QF .IUDGOWT PROVISION TO 80RRdMR'S ATTENTION OR BORROWER HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL PRIOR TO SIGNNYG THIS AGREEMENT. BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT: INC4UpING THE° VARIABLE I.NMEST RATE PROV04OMNS.. ' BORROWER AGREES TO THE TERMS OF THE A0Rmmr;NT. Tf" AGREEMENT IS Efft UNDER SEAL AND IT IS INTENDED THAT TIMS AGREEMENT IS AND SHALL CONSTITUTE AND HAVE 7111E EFFECT OF A SEALS WOMUMEMT ACCORDING TO LAW. BORROWER: ?J. -; ' ? {Seal} .UAp?+wl9ii.?r?w w: s.u.m:LOg Ch+• Kr?r,+'tti+wrw s++iav, era »sr, ?px ?M?iw..orri. +x .a?wpgpe:rt ? ?vn m Exhibit "C" MORTGAGE NOTE MODIFICATION AGREEMENT Loan # 26375009001 MADE this 30'' day of June 2003, BETWEEN ORRSTOWN BANK, a Pennsylvania banking corporation, hereinafter referred to as "ORRSTOWN", AND Susan. Deremer Burgle, hereinafter referred to as "Borrower", Robert L Slagle and LightStyles LTD, hereinafter referred to as "Guarantor". WHEREAS, Orrstown is the present holder of a certain mortgage note between Orrstown, the Borrower and the Guarantors to secure the original sum of $1,050,000.00, dated May 25, 2001. WHEREAS, the Borrower and Guarantors have asked Orrstown to modify the terms of said mortgage note, and WHEREAS, Orrstown has consented to modify the terms of said mortgage note under the terms hereinafter set forth. NOW9 THEREFORE, WITNESSETH that the parties hereto, intending to be legally bound hereby, agree as follows: The parties hereby agree to modify the terms of the aforementioned mortgage note as set forth on Exhibit A attached hereto and made a part hereof. 2. All the terms, conditions, stipulations and prohibitions contained in the aforementioned mortgage note not consistent herewith are to remain in full foree and effect and are hereby ratified and affirmed. 3. This agreement shall extend to and be binding upon the respective heirs, executors, administrators, successors and assigned of the parties hereto. -1 a 147vvvvv A, VV.W VVJ IN WMNM WHERWF, the parties hereto hm lu tno-o t th* bands and sects the day, monih sud yaur aftaWd, AL elk. ORRMWN RANK 'lid Aeat. Vloa denWiba SORR AZI,ZA Emit A Tha CdObW rata of 9,00% fixed for the ft :4 matbo of Ow 40% awl modiw to 0 floxdq rata N* to the Wau Bt w;0un t Prime Rft + vj% unt the ma lty doft of the said rate refamod hachL The wwly r ape rata ehaU UWA on the dare of tbie Moftcadou taA and pgymwts al t to raflaat the vv 1w, No other tMu $ad conditions of tt motcoe note shalt bo aged. CORPORATE ACKNOWLEDGEMENT STATE OF PENNSYLVANIA : COUNTY OC44mj x SS On this the_& 77 "day of , 20al, before me, a notary public, personally appeared Jeffrey S. Gay who acknowledged himself to be the Vice President of Orrstown Bank, a corpo on, and that he as such Vice President, being authorized to do so, executed the foregoing inst unent for the purposed therein contained by signing the name of the corporation by himself as such Vice President. In Witness Whereof, I have TMIG) set my hand and official seal. __ N P c NOWNSW Par ?M 4 Kuwv* NoWyr ROO MYCMW**WE: Sept 18,20% MWbW. PW#W#S* A"O**n OF WoWM INDIVIDUAL ACKNOWLEDGEMENT STATE OF PENNSYLVANIA COUNTY OF Cumberland : SS On this the day of 12043, before me, a notary public, personally appeared Susan 7mer Slagle and Robert L. Slagle, known to me or satisfactorily proven to be the ns whose names are subscribed to the within instrument and acknowledge that they executed the same for the purposes therein contained. In Witness Whereof, I hereunt y hand and official seal. wr. Z2 Notary lie Ml? 20MY Menrbar eylvarie A"OcWm Of Noft&s A AN CORPORATE ACKNOWLEDGEMENT STATE OF PENNSYLVANIA COUNTY OF Cumberland SS On this the, ;k day of ??Og, before me, a notary public; personally appeared Robert L. Slag rh nowledg ed himself to be the President of LightStyles LTD, a corporation, an s such President, being authorized to do so, executed the foregoing instrument for the purposed therein contained by signing the name of the corporation by himself as such President. In Witness Whereof, I have NoWNS d PM*aJ. Kuen*, NoWy Peso S0A &%*$"MTwp., CtNt*W nd County w 0Mvr"M S8PL t8, 2t w Member, PennsyhBR-8AwosWOnofd he o set my hand and fficial seal. blic . MODIFICATION FEE A fee of Five Thousand One Hundred Dollars and 001100 Cents ($5,100.00) shall be paid to modify loan # 26375009001 t 0r COMMONWEALTH OF PENNSYLVANIA : SS COUNTY OF FRANKLIN Bradley Tanguay, being duly sworn according to law, deposes and says that he is Vice President of Orrstown Bank, Plaintiff named herein; that as such he is authorized to take this Affidavit on its behalf; that the facts set forth in the foregoing Complaint in Confession of Judgment are true and correct to the best of his knowledge, information and belief. Sworn to and Subscribed before me this day of ?-? -C , 2 12. Notary Public Bradley Tanguay Vice President COMMONWEALTH OF PENNSYLVANU? Notarial Seal Christiana R. Tlmmons, Notary Public Chambersburq Bono, Franklin County MY C=ffftsion BVM March 3, 2014 Member, PenwAvania Assoclation of Notaries IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. f N ?". VS. d% @ 4c SUSAN DeREMER SLAGLE ?r• ? ?tn NOTICE TO HOLDER OF DOCUMENT CONTAINING --4 PROVISION FOR JUDGMENT BY CONFESSION You are notified that the Prothonotary of Cumberland County is not permitted to enter judgment on a document containing provision for judgment by confession (other than bonds and warrants of attorney accompanying mortgages) unless the document is accompanied by an affidavit suggested form of which is as follows: PLAINTIFF'S AFFIDAVIT OF DEBTOR'S WAIVER OF RIGHTS COMMONWEALTH OF PENNSYLVANIA: SS COUNTY OF DAUPHIN Elizabeth J. Goldstein, being duly sworn/affirmed according to law, deposes and says that she is attorney for Plaintiff in the above captioned matter; that at the time of the signing of the document containing provision for judgment by confession in the said matter, the defendant (X) (1) Earned more than $10,000 annually, OR () (2) If annual earnings are less than $10,000, did intentionally, understandingly, and voluntarily waive: (a) the right to notice and hearing; (b) the right of defalcation, i.e. the right to reduce or set off a claim by deducting a counterclaim; (c) release of errors; (d) inquest (to ascertain whether rents and profits of defendant's real estate will be sufficient to satisfy the judgment within seven years); (e) stay of execution (if defendant owns real estate in fee simple within the county worth the amount to which the plaintiff is entitled, clear of encumbrances); (f) exemption laws now in force or hereafter to be passed; 93958091 (g) The facts showing such waiver are: Dilworth Paxson LLP By: Elizabeth J. Goldstein, Esquire Attorney for Plaintiff Sworn to and Subscribed before me la 0" day of 92012. N ary Public It OF PENNSYLVANIA COMMONWEAL Deborah L. JUhan,DaNotay ubhc ?'' ? 20COuntY .2014 Mernber? ation of Notaries 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. 10-2 - 1149 vs. REMER SLAGLE SUSAN D r- e a% AFFIDAVIT OF NON-MILITARY SERVICE vo g COMMONWEALTH OF PENNSYLVANIA: -fi -,c SS COUNTY OF DAUPHIN ELIZABETH J. GOLDSTEIN, ESQUIRE, being duly sworn according to law, deposes and says that she is attorney for Plaintiff named herein; that as such she is authorized to take this Affidavit on its behalf; that the facts set forth herein are true and correct to the best of her knowledge, information and belief; that the Defendant's last known address was 8 Foxfield Court, Mechanicsburg, Cumberland County, Pennsylvania; that Defendant's last known employment was as president of Marvin Window & Door Showplace, Inc..; that Defendant is over 18 years of age; and not in the Active Military or Naval Service of the United States or its Allies or otherwise within the provisions of the Soldiers' and Sailors' Civil Relief Act of Congress of 1940 and its amendments. Dilworth Paxson LLP By: ??? A,? Elizabeth J. Goldstein, Esquire Attorney for Plaintiff Sworn to and Subscribed before me 1,,21-- day of , 2012. N tart' Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Deborah L. Julian, Notary Public Susquehanna Twp., Dauphin County 6omm10e1on lytp W OCt. 20, 2014 MEfl1 r, WIVSn1b AUoaatlon of Notaries 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. l a - d fQ? VS. SUSAN DeREMER SLAGLE AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA: ' SS .c COUNTY OF DAUPHIN -< n> Elizabeth J. Goldstein, Esquire, attorney for Plaintiff, hereby certifies that the above- captioned matter is not an action by a seller, holder or assignee arising out of a retail installment sale, contract, or account. Dilworth Paxson LLP By: L lotta Elizabeth J. Goldstein Attorney for Plaintiff Sworn to and Subscribed before me this 'l`-day of , 2012. Notary/Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Deborah L. )ullan, Notary Public s m1uehanna Twp., Dauphin County My Commission bores Oct. 20, 2014 Member. knnovIvanla Assoclation of Notaries 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. vs. SUSAN DeREMER SLAGLE CERTIFICATION OF NON-CONSUMER CREDIT TRANSACTION I certify, pursuant to the penalties of 18 Pa.C.S. §4904 (pertaining to unsworn falsification to authorities), that this judgment is not being entered by confession against a natural person in connection with a "consumer credit transaction" as the same is defined in Pa.R.C.P. 2950. Dilworth Paxson LLP Sworn to and Subscribed before me la day of 2012. Notary blic COMMONWEALTH OF PENNSYLVANIA Na?aAal Ssal Deborah L 308n, Notary Public Qaophin County e,?yUehanna re5 Oct 20, 2014 cofrimut?on Mem n INA Aeon of Notaries By:,._ Elizabeth J. Goldstein, Esquire Attorney for Plaintiff n ? rn --4= ;:"n cl { N ..c 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. VS. SUSAN DeREMER SLAGLE AFFIDAVIT OF BUSINESS OR COMMERCIAL TRANSACTION COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF DAUPHIN Elizabeth J. Goldstein, Esquire, being duly sworn according to law, deposes and says that she is attorney for Plaintiff named herein; that as such she is authorized to take this Affidavit on its behalf; that the facts set forth herein are true and correct to the best of her knowledge, information and belief, and that the facts set forth in the foregoing matter involve a business transaction. Dilworth Paxson LLP By: Eliza eth J. Goldstein, Esquire Sworn to and Subscribed before me day of ? , 2012. J47 ,. D_ Not*y Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Deborah L. Julian, Notary public Susquehanna -rwp., Dauphin County Commlaslon res OC4 20, 2014 Marna, wwwriia Association of Notaries Attorney for Plaintiff fV Z 3 ? N -!rn 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. VS. SUSAN DeREMER SLAGLE ORDER FOR APPEARANCE Kindly enter my appearance for Plaintiff, Orrstown Bank, and enter judgment against Defendant Susan DeRemer Slagle. Dilworth Paxson LLP By: El abeth Goldstein, Esquire Attorney for Plaintiff vii 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. f VS. SUSAN DeREMER SLAGLE CERTIFICATION OF ADDRESSES I hereby certify that the present address of the within named Judgment Creditor is 77 East King Street, P.O. Box 250, Shippensburg, Franklin County, Pennsylvania 17257. I hereby certify that the last known address of the Judgment Debtor was 8 Foxfield Court, Mechanicsburg, Cumberland County, Pennsylvania. Dilworth Paxson LLP By: Eli beth J. Goldstein, Esquire Attorney for Plaintiff c_ --r 93958091 t w IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW D NO. l oZ ' ??02 L??`" ORRSTOWN BANK VS. SUSAN DeREMER SLAGLE ACT 105 OF 2000 NOTICE A JUDGMENT HAS BEEN ENTERED AGAINST YOU BY CONFESSION OF JUDGMENT PURSUANT TO 42 PA.C.S.A. §2737.1. IF YOU WERE INCORRECTLY IDENTIFIED AS A DEFENDANT IN THE COMPLAINT IN CONFESSION OF JUDGMENT, YOU MAY BE ENTITLED TO COSTS AND REASONABLE ATTORNEY'S FEES AS DETERMINED BY THE COURT. YOU MAY TAKE ACTION TO STRIKE THE JUDGMENT BY FOLLOWING THE PROCEDURE IN RULE 2959 WHICH IS AS FOLLOWS: Pennsylvania Rule of Civil Procedure 2959 - Striking Off Judgment. (a) (1) Relief from a judgment by confession shall be sought by Petition. Except as provided in Subparagraph (2), all grounds for relief whether to strike off the judgment or to open it must be asserted in a single Petition. The Petition may be filed in the county in which the judgment was originally entered, in any county to which the judgment has been transferred, or in any other county in which the Sheriff has received a Writ of Execution directed to the 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 stayed execution despite the timely filing of a Petition for relief from the judgment and the presentation of prima facie evidence of a defense; and (ii) as provided by Pennsylvania Rule of Civil Procedure 2958.3 or Rule 2973.3. (3) If written notice is served upon the Petitioner pursuant to Rule 2956.1(c)(2) or Rule 2973.1(c), the Petition shall be filed within thirty days after such service. Unless the Defendant can demonstrate that there were compelling reasons for the delay, a Petition not timely filed shall be denied. (b) If the Petition states prima facie grounds for relief, the Court shall issue a Rule to Show Cause and may grant a stay of proceedings. After being served with a copy of the petition the plaintiff shall file an answer on or 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. 93958091 (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 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 is 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) judgments entered prior to the effective date of subdivision (g) which have not been stricken or opened as of the effective date and (2) judgments entered on or after the effective date. DILWORTH PAXSON LLP rl-- z/I J,4,? BY: Eliza eth Goldstein, Esquire Attorney for Plaintiff 93958091 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW ORRSTOWN BANK NO. VS. SUSAN DeREMER SLAGLE PENNSYLVANIA RULE OF CIVIL PROCEDURE 236 NOTICE Notice is hereby given that a judgment in the above-captioned matter has been entered against you on 2012. By: If you have any questions concerning the above, please contact: Elizabeth Goldstein, Esquire Dilworth Paxson LLP 112 Market St., Suite 800 Harrisburg, PA 17101 (717) 236-4812 93958091 Ronny R Anderson Sheriff Jody S Smith Chief Deputy Richard W Stmart Solicitor OFFICE OF THE S14ERtrF F r?tE ? D-blrFICr JUL 24 AM 8, 28 COUNTY Orrstown Bank vs. ¢ase Numbs Susan Deremer Slagle 2012-4002 SHERIFF'S RETURN OF SERVICE 07/13/2012 09:10 PM - Ryan Burgett, Deputy Sheriff, who being duly sworn according to law, states hat on July 1 2012 at 2110 hours, he served a true copy of the within Comph* t in Confession of Judg nt and PA Rule of Civil Procedure 236 Notice, upon the within named defendant, to wit: Susan r Slagle, t making known unto Robert Slagle, Husband of Defendant at 8 Foxfield. Court, Mechanic urg, Cumberland County Pennsylvania 17050 its contents and at the same time handing to him personally said true and correct copy of the same. SHERIFF COST: $38.45 July 17, 2012 SHERIFF'S OFFICE OF CUMBERLAND COUNTY (c) CountySuite Shenff. Teleosoft Inc. SO ANSWERS, A (4 -&Z RON RANDS , Orrstown Bank : IN THE COURT OF COMMON PLEAS v. : CUMBERLAND COUNTY, PENNSYLVANIA Susan Deremer Slagle : NO. 2012-4002 PRAECIPE TO THE PROTHONOTARY: Please mark the above judgment as satisfied for the property known as 8 Foxfield Court as outlined in the attached Exhibit. Respectfully Submitted; //41/07( Martin J. Weis, Esquire $9 Bpd V/u'a1i ?Ski 0 01 C#•Zs'7/6 6 ,e#297(97 MARTIN J. WEIS, ESQUIRE ATTORNEY FOR PLAINTIFF IDENTIFICATION NO. 51379 DILWORTH PAXSON LLP 1500 MARKET STREET, SUITE 3500E PHILADELPHIA, PENNSYLVANIA 19102-2101 (215) 575-7000 ORRSTOWN BANK CUMBERLAND COUNTY COURT OF COMMON PLEAS vs. CIVIL DIVISION SUSAN DEREMER SLAGLE NO. 2012-4002 RELEASE OF LIEN OF JUDGMENT TO THE PROTHONOTARY: Plaintiff in the above-stated action, at the request of Defendant and for and in consideration of the sum of Ten Dollars ($10.00) to us in hand paid by Defendant at the time of execution hereof, the receipt of which is hereby acknowledged, do for ourselves, our successors and assigns, covenant, promise, and agree, to and with the Defendant, her heirs and assigns, by these presents, that we will not at any time hereafter sell or dispose of, attach or levy upon, or claim or demand the premises known as 8 Foxfield Court, Mechanicsburg, Cumberland County, Pennsylvania, more fully described in Exhibit "A" attached hereto, with the appurtenances or any part thereof by virtue of the said judgment, so that the said Defendant, her heirs and assigns, shall and may hold the same, free and clear of and from the lien of the said judgment; provided, 11292135_1 however, that nothing herein contained shall invalidate the lien, indebtedness or security of the said judgment upon any other estate of Defendant. Dilworth Paxson LLP Date: Septembers ■, 2013 By: _ V it---- Martin . Weis, squire Attorney for Plaintiff 2 11292135_1 LEGAL DESCRIPTION ALL THAT CERTAIN tract or parcel of land situate in Silver Spring Township,Cumberland County, Pennsylvania,more particularly bounded and described in accordance with the Major Final Subdivision Plan for The Peninsula(Phase 1),prepared by H.Edward Black&Associates,P.C.,more particularly bounded and described as follows,to wit BEGINNING at a concrete monument on the western right-of-way line of Foxfield.Court at the dividing line between Lot-110 and Lot-109 on the hereinabove mentioned subdivision plan;thence along said dividing line between Lot-I 10 and Lot-109,South 73 degrees 46 minutes 42 seconds West,a distance of 629.47 feet to an iron pin along the eastern right-of-way line of Conodoguinet Creek;thence along the eastern right-of- way line of Conodoguinet Creek North 10 degrees 50 minutes 57 seconds West,a distance of 511 feet to an iron pin along potherb lands now or formerly of Sample Bridge Associates;thence along the lands now or formerly of Sample Bridge Associates North 81 degrees 30 minutes 00 seconds East,a distance of 428.30 feet to an iron pin at the dividing line between Lot 108 and Lot 109;thence along said dividing line.between Lot-108 and Lot- 109 South 40 degrees 19 minutes 46 seconds Fact,a distance of 436.89 feet to a concrete monument along the western right-of-way line of Foxfield.Court;thence along the western right-of-way line of Foxf eld Court on a curve to the left having a radius of 50 feet an arc length of 65 feet to a concrete monument at the dividing line between Lot-109 and Lot-I10;the point and place of BEGINNING. CONTAINING 5.9597 acres more or less. BEING LOT-109 on the hereinabove mentioned Subdivision Plan for The Peninsula(Phase 1)as recorded in the Office of the Recorder of Deeds in and for Cumberland County in Plan Book 65 at'Page 28. BEING the same premises which Sample Bridge Associates by its deed dated January 13, 1994 and recorded on January 24, 1994,in Deed Book"T",Volume 36,Page 772,in the Office of the Recorder of Deeds in and for Cumberland County,Pennsylvania,granted and conveyed unto Robert L.Slagle and Susan D.Slagle, husband and wife,the Borrowers and Mortgagors herein. • • • •