HomeMy WebLinkAbout12-4175INTEGRITY BANK,
Plaintiff
V.
SNYDER'S ROSE PROJECT, LP,
SNYDER'S HARDWARE, INC.,
RICHARD J. SNYDER, and
CAROLE B. SNYDER
Defendants
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSY
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CIVIL ACTION -LAW CONFESSION OF JUDGMENT
($310,000.00 Loan)
Pursuant to the authority contained in the Note attached as Exhibit A to the Complaint and
pursuant to the authority contained in the Guarantees attached as Exhibit B to the Complaint filed in th?
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above captioned case, we appear for Defendants Snyder Rose Project, LP, Snyder's Hardware, Inc.,
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Richard J. Snyder, and Carole B. Snyder jointly and severally, and confess judgment in favor of
Plaintiff Integrity Bank, and against Defendants, as follows:
Principal
Interest
$146,865.06
1,897.01
Late Fees 45.89
Satisfaction Fees 72.00
Attorney's Fees (10%) 14,876.21
Total: $163,756.17*
*along with interest accruing at the per diem rate of $15.30 from June 18,
2012, until paid in full, plus costs.
McNEES WALLACE & NURICK LLC
Date: July 3, 2012 By _
edric L. N
PA Attorney LD. No. 44233
McNees Wallace & Nurick LLC
100 Pine Street - P.O. Box 1166
Harrisburg, PA 17108-1166
(717) 260-173 1 (Direct Fax)
(717) 232-8000 (Phone)
nnissly@mwn.com
Attorneys for Plaintiff Integrity Bank
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Nedric L. Nissly
PA Attorney I.D. No. 44233
McNees Wallace & Nurick LLC
100 Pine Street - P.O. Box 1166
Harrisburg, PA 17108-1166
(717) 260-1731 (Direct Fax)
(717) 232-8000 (Phone)
nnissly(&tnwn.com
Attorneys for Plaintiff Integrity Bank
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2912 JUL -S PM 1: 42
CUMNgLAND COUNTY
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INTEGRITY BANK, IN THE COURT OF COMMON PLEAS
Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA
V. No.
SNYDER'S ROSE PROJECT, LP,
SNYDER'S HARDWARE, INC.,
RICHARD J. SNYDER, and
CAROLE B. SNYDER
Defendants CIVIL ACTION -LAW
COMPLAINT FOR CONFESSION OF JUDGMENT
($310,000.00 Loan)
Plaintiff Integrity Bank, by and through its undersigned counsel, hereby files this
for Confession of Judgment pursuant to Pa.R.C.P. No. 2951(b) and in support thereof avers the
following:
1. Plaintiff Integrity Bank (the "Bank") is a Pennsylvania banking institution
business at 3345 Market Street, Camp Hill, Pennsylvania 17011.
2. Defendant Snyder's Rose Project, LP, is a Pennsylvania limited partnership having
address at 119 West Lancaster Avenue, Shillington, Pennsylvania 19607.
3. Defendant Snyder's Hardware, Inc., is a Pennsylvania corporation having an
at 119 West Lancaster Avenue, Shillington, Pennsylvania 19607.
4. Defendants Richard J. Snyder and Carole B. Snyder are adult individuals who
at 100 Knipe Lane, Reading, Pennsylvania 19607-9440.
5. On March 18, 2008, Defendants Richard J. Snyder and Carole B. Snyder
"Borrowers") borrowed from the Bank the sum of $310,000.00 (the "Loan") for a business purpose
as evidenced by a Promissory Note (the "Note") dated even date with the Loan, executed a- id
delivered by Borrowers in favor of the Bank. Attached hereto as Exhibit A and incorporated herein
by reference is a true and correct copy of the Note.
6. The indebtedness evidenced by the Note is guaranteed by Defendant Snyder's
Hardware, Inc., and Snyder's Rose Project, LP pursuant to a Guaranty and Suretyship
(the "Guarantees") executed by Guarantors in favor of the Bank. Attached hereto as Exhibit B
incorporated herein by reference is a true and correct copy of the Guarantees.
7. Pursuant to certain Promissory Note Modification Agreements between the Bank
the Borrowers dated as of September 22, 2009, December 21, 2009, January 20, 2010, July 20, 2010,
August 30, 2010, December 21, 2010 and May 19, 2011 (the "Loan Modification Agreements"),
maturity date was extended. Attached hereto as Exhibit C and incorporated herein by reference i4 a
true and correct copy of the Loan Modification Agreements.
8. Borrowers have defaulted under the Note (as amended) by failing to make
when due thereunder for a period in excess of 95 days.
9. The Note provides that the Bank may confess judgment against the Borrowers aftet a
default thereunder for the entire principal balance due and owing under the Loan along with
interest, late fees, costs of suit and an attorney's commission of 10% of the unpaid principal
and accrued interest.
10. The each of the Guarantees provided that the Bank may confess judgment against
of the Guarantors, respectively, any time after the amounts thereunder become due for the
principal balance due and owing under the Loan along with accrued interest, late fees, costs of
and an attorney's commission of 10% of the unpaid principal balance and accrued interest.
11. The total amount due and owing under the Note and the Guarantees as of June 118,
2012, is itemized as follows:
Principal $146,865.06
Interest 1,897.01
Late Fees 45.89
Satisfaction Fees 72.00
Attorney's Fees (10%) 14,876.21
Total: $163,756.17*
*along with interest accruing at the per diem rate of $15.30 from June 18,
2012, until paid in full, plus costs.
12. All conditions precedent have been satisfied to allow the Bank to confess j
against the Borrower under the Note and against the Guarantors under the Guarantees.
13. The Bank is the holder of the Note and the Guarantees.
14. The Note and the Guarantees were executed and delivered in connection with a
business transaction and judgment is not being entered by confession against a natural person in
connection with a consumer credit transaction.
15. Judgment has not been confessed or entered under the Note or the Guarantees in
other jurisdiction.
16. The 10% attorney's fee commission included in the confessed judgment is
under the Note and the Guarantees is being used to calculate a sum certain for purposes of confessing
judgment; however, the Bank will only seek and recover its actual and reasonable attorney's fees
costs in this matter.
WHEREFORE, Plaintiff Integrity Bank hereby requests this Court to enter judgment by
confession against the Defendants, Snyder's Rose Project, LP, Snyder's Hardware, Inc., Richard J.
Snyder and Carole B. Snyder, jointly and severally, in the amount of $163,756.17 along with i
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from and following June 18, 2012 at the per diem rate of $15.30 until paid in full, plus costs.
McNEES WALLACE & NURICK LLC
Date: July 3, 2012 By
edric L. Nissly
PA Attorney I.D. No. 44233
McNees Wallace & Nurick LLC
100 Pine Street - P.O. Box 1166
Harrisburg, PA 17108-1166
(717) 260-173 1 (Direct Fax)
(717) 232-8000 (Phone)
nnissly@mwn.com
Attorneys for Plaintilntegrity Bank
'ely. .;ooU con iv
I, Gary G. Kuck, Vice President of Integrity Bank, verify that I am authorized to nabs this
verification on behalf of Integrity Bank, and that de facts gained in the foregoing Complaint for
Confession of Judgment arc true and correct to the but of my knowledge, information and belief and
that the same are made subject W the penalties of 18 Pa. C.S.A. ¢ 4904 relating to unworn
falsification to authorities.
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Gary G. Klick, Vice PmV*M
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PROMISSORY NOTE
$310,000 March 18,
FOR VALUE RECEIVED, RICHARD J. SNYDER and CAROLE B. SNYDER, husbe
and wife, adult individuals (collectively, "Borrower"), who reside at 100 Knipe Lane, Readh
PA 19607-9440, promise to pay to the order of INTEGRITY BANK, a Pennsylvania banki
institution, its successors and assigns (the "Bank"), in lawful money of the United States
America in immediately available funds at its offices located at 3345 Market Street, Camp F
Pennsylvania 17011, or at such other location as the holder of this Promissory Note (t
"Note") may designate from time to time, the principal sum of Three Hundred Ten Thouss
Dollars ($310,000), together with interest accruing on the outstanding principal balance from 1
date hereof, as provided below:
1. Rate of Interest.
a. Commencing on the date hereof and continuing for until the Maturity DF
(as defined herein), amounts outstanding under this Note will bear interest at a floating rate r
annum (the "Floating Rate"), which is at all times equal to one-half of one percentage po
(.50%) in excess of the Prime Rate (as defined herein).
b. Interest will be calculated on the basis of a year of 360 days for the acts
number of days in each interest period.
C. "Prime Rate" shall mean the rate published from time to time as t
"prime rate" in the Money Rates table of The Wall Street Journal. The Prime Rate does r
necessarily reflect the lowest rate of interest actually charged by the Bank to any particular cia
or category of customers. If and when the Prime Rate changes, the Floating Rate will chan
automatically without notice to the Borrower, effective on the date of any such change. In
event will the rate of interest hereunder exceed the maximum rate allowed by law.
2. Payment Terms.
a. Commencing on April 18, 2008 and continuing on the same day of ea
month thereafter, monthly payments of interest only shall be due and payable based on t
f=loating Rate.
b. Any unpaid principal together with interest due thereon if not sooner pa
shall be due and payable on September 18, 2009 (the "Maturity Date").
C. If any payment under this Note shall become due on a Saturday, Sund
or public holiday under the laws of the Commonwealth of Pennsylvania, such payment shall
made on the next succeeding business day and such extension of time shall be included
computing interest in connection with such payment. From and after the occurrence of an Eve
of Default (as hereinafter defined) the Borrower hereby authorizes the Bank to charge tl
Borrower's deposit account at the Bank for any payment when due. Payments received will
applied to charges, fees and expenses (including attomeys' fees), accrued interest and princir
in any order the Bank may choose, in its sole discretion.
{A1111898:1}
3. Late Payments: Default Rate. If the Borrower fails to make any payment of
principal, interest or other amount coming due pursuant to the provisions of this Note within t n
(10) calendar days of the date due and payable, the Borrower also shall pay to the Bank a le to
charge equal to five percent (5.00%) of the amount of such payment (the "Late Charge').
Such ten (10) day period shall not be construed in any way to extend the due date of any su h
payment. Upon maturity, whether by acceleration, demand or otherwise, and at the Bank's
option upon the occurrence of any Event of Default (as hereinafter defined) and during tie
continuance thereof, this Note shall bear interest at a rate per annum (based on a year of
360 days and actual days elapsed) which shall be three percentage points (3.00%) in excess of
the interest rate in effect from time to time under this Note but not more than the maximum rate
allowed by law (the "Default Rate"). The Default Rate shall continue to apply whether or t
judgment shall be entered on this Note. Both the Late Charge and the Default Rate are
imposed as liquidated damages for the purpose of defraying the Bank's expenses incident to
the handling of delinquent payments, but are in addition to, and not in lieu of, the Ban 's
exercise of any rights and remedies hereunder, under the other Loan Documents or and r
applicable law, and any fees and expenses of any agents or attorneys which the Bank may
employ. In addition, the Default Rate reflects the increased credit risk to the Bank of carrying a
loan that is in default. The Borrower agrees that the Late Charge and Default Rate a e
reasonable forecasts of just compensation for anticipated and actual harm incurred by the Bank,
and that the actual harm incurred by the Bank cannot be estimated with certainty and without
difficulty.
4. Non-Revolving Line of Credit. This Note evidences a straight non-revolving
line of credit. Once the total amount of principal has been advanced, Borrower is not entitled o
further advances on the Loan.
5. Prepayment. The Loan may be prepaid in whole or in part at any time witho it
any prepayment fee.
6. Other Loan Documents. This Note is guaranteed by a certain Guaranty a d
Suretyship Agreement of even date by Snyder's Rose Project, LP and is secured by t e
property described in a certain Open-End Mortgage of even date herewith by Snyder's Ro e
Project, LP, in favor of Bank, and by such other security as previously may have been or may n
the future be granted to the Bank to secure or assure payment of this Note.
7. Events of Default. The occurrence of any of the following events will It a
deemed to be an "Event of Default" under this Note: (i) the nonpayment of any princip I,
interest or other indebtedness under this Note for a period of ten (10) days following the date n
which such principal, interest or other payment was due; (ii) the occurrence of any event of
default or default and the lapse of any notice or cure period under any Loan Document or a y
other debt, liability or obligation of Borrower to the Bank, or of any Obligor in connection wi
Borrower's Obligations to the Bank; (Iii) the filing by or against any Obligor of any proceeding n
bankruptcy, receivership, Insolvency, reorganization, liquidation, conservatorship or similar
proceeding (and, in the case of any such proceeding Instituted against any Obligor, su h
proceeding is not dismissed or stayed within 60 days of the commencement thereof); (iv) a y
assignment by any Obligor for the benefit of creditors, or any levy, garnishment, attachment r
similar proceeding is instituted against any property of any Obligor held by or deposited with t
Banc; (v) a default with respect to any other indebtedness of any Obligor for borrowed money i
excess of $25,000, if the effect of such default is to cause or permit the acceleration of su
debt; (vi) the commencement of any foreclosure or forfeiture proceeding, execution r
attachment against any collateral securing the obligations of any Obligor to the Bank; (vii) th
(A1111888:1)
2
entry of a final judgment against any Obligor in excess of $25,000 and the failure of su h
Obligor to discharge the judgment or otherwise bond off any judgment lien resulting therefro
within thirty (30) days of the entry thereof; (viii) any material adverse change in any Obligo 's
business, assets, operations, financial condition or results of operations; (ix) any Obligor ceas s
doing business as a going concern; (x) the revocation or attempted revocation, in whole or n
part, of any guarantee by any Guarantor; (xi) the death or legal incompetency of any Individual
Obligor; (xii) any representation or warranty made by any Obligor to the Bank in any L n
Document, or any other documents now or in the future evidencing or securing the obiigatio is
of any Obligor to the Bank, proves to be false, erroneous or misleading in any material respe t
as of the date made; or (xiii) any Obligor's failure to observe or perform any covenant or other
agreement with the Bank contained in any Loan Document or any other documents now or in
the future evidencing or securing the obligations of any Obligor to the Bank. As used herein, t e
term "Obligor" means the Borrower and the Guarantor, and the term "Guarantor" means a y
guarantor of the Borrower's obligations to the Bank existing on the date of this Note or
thereafter.
Upon the occurrence of an Event of Default: (a) the Bank shall be under no furtl
obligation to make advances hereunder; (b) if an Event of Default specified in clause (iii) or (
above shall occur, the outstanding principal balance and accrued interest hereunder togett
with any additional amounts payable hereunder shall be immediately due and payable with(
demand or notice of any kind; (c) if any other Event of Default shall occur, the outstandi
principal balance and accrued interest hereunder together with any additional amounts payal
hereunder, at the Bank's option and without demand or notice of any kind, may be accelerat
and become immediately due and payable; (d) at the Bank's option, this Note will bear inten
at the Default Rate from the date of the occurrence of the Event of Default; and (e) the Ba
may exercise from time to time any of the rights and remedies available under the Lo
Documents or under applicable law.
ti. Power to Confess Judgment. The Borrower hereby empowers any attom,
of any court of record, after the occurrence of any Event of Default hereunder, to appe
for the Borrower and, with or without complaint filed, confess judgment, or a series
judgments, against the Borrower in favor of the Bank or any holder hereof for the anti
principal balance of this Note, all accrued Interest and all other amounts due hereund
or under any of the other Loan Documents, together with costs of suit and an attorney
commission of the greater of 5`/0 of such principal and interest or $5,000 added as
reasonable attorney's fee, and for doing so, this Note or a copy verified by affidavit shi
be a sufficient warrant. The Borrower hereby forever waives and releases all errors
said proceedings and all rights of appeal and all relief from any and all appraisemel
stay or exemption laws of any state now in force or hereafter enacted. Interest on ti
principal balance portion of the judgment shall accrue at the Default Rate.
No single exercise of the foregoing power to confess judgment, or a series
judgments, shall be deemed to exhaust the power, whether or not any such exercl
shall be held by any court to be Invalid, voidable, or void, but the power shall condr
undiminished and It may be exercised from time to time as often as the Bank shall 914
until such time as the Bank shall have received payment in full of the debt, interest a
costs. Notwithstanding the attomey's commission provided for in the precedi
paragraph (which is Included In the warrant for purposes of establishing a sum certai
the amount of attorneys' fees that the Bank may recover from the Borrower shall r
exceed the actual attorneys' fees incurred by the Bank.
(A1111898:1)
3
9. Right of Setoff. In addition to all liens upon and rights of setoff against he
Borrower's money, securities or other property given to the Bank by law, the Bank shall have,
with respect to the Borrower's obligations to the Bank under this Note and to the extent
permitted by law, a contractual possessory security Interest in and a contractual right of set ff
against, and the Borrower hereby assigns, conveys, delivers, pledges and transfers to the B k
all of the Borrower's right, title and interest in and to, all of the Borrower's deposits, mone ,
securities and other property now or hereafter in the possession of or on deposit with, or in
transit to, the Bank, whether held in a general or special account or deposit, whether held joi fly
with someone else, or whether held for safekeeping or otherwise, excluding, however, all IF ,
Keogh, and trust accounts. Every such security interest and right of setoff may be exercis d
without demand upon or notice to the Borrower following the occurrence of an Event of Defa It.
Every such right of setoff shall be deemed to have been exercised immediately upon t e
occurrence of an Event of Default hereunder without any action of the Bank, although the Ba k
may enter such setoff on its books and records at a later time.
10. Miscellaneous. All notices, demands, requests, consents, approvals and ott
communications required or permitted hereunder must be in writing (except as may be agre
otherwise above with respect to borrowing requests) and will be effective upon receipt. Su
notices and other communications may be hand-delivered, sent by facsimile transmission w
confirmation of delivery and a copy sent by first-class mail, or sent by nationally recogniz
overnight courier service, to the addresses for the Bank and the Borrower set forth above or
such other address as either may give to the other in writing for such purpose. No delay
omission on the Bank's part to exercise any right or power arising hereunder will impair a
such right or power or be considered a waiver of any such right or power, nor will the Banl
action or inaction impair any such right or power. No modification, amendment or waiver of a
provision of this Note nor consent to any departure by the Borrower therefrom will be effect!
unless made in a writing signed by the Bank. The Borrower agrees to pay on demand, to tl
extent permitted by law, all costs and expenses incurred by the Bank in the enforcement of
rights in this Note and in any security therefor, including without limitation reasonable fees al
expenses of the Bank's counsel. If any provision of this Note is found to be invalid by a cou
all the other provisions of this Note will remain In full force and effect. The Borrower and
other makers and indorsers of this Note hereby forever waive presentment, protest, notice
dishonor and notice of non-payment. This Note shall bind the Borrower and its successors al
assigns, and the benefits hereof shall inure to the benefit of the Bank and its successors al
assigns; provided, however, that the Borrower may not assign this Note in whole or in pi
without the Bank's written consent and the Bank at any time may assign this Note in whole or
part.
This Note has been delivered to and accepted by the Bank and will be deemed to
made in the Commonwealth of Pennsylvania.. THIS NOTE WILL BE INTERPRETED AND THE RIGF
AND LIABILITIES OF THE BANK AND THE BORROWER DETERMINED IN ACCORDANCE WITH THE LAWS
COMMONWEALTH OF PENNSYLVANIA, EXCLUDING ITS CONFLICT OF LAWS RULES. The Borrov
hereby irrevocably consents to the exclusive jurisdiction of the Court of Common Pleas
Cumberland County, Pennsylvania; provided that nothing contained in this Note will prevent 1
Bank from bringing any action, enforcing any award or judgment or exercising any rights agaii
the Borrower individually, against any security or against any property of the Borrower will
any other county, state or other foreign or domestic jurisdiction. The Borrower acknowiedg
and agrees that the venue provided above is the most convenient forum for both the Bank a
the Borrower. The Borrower waives any objection to venue and any objection based on a me
convenient forum in any action instituted under this Note.
(A1111898:1}
4
11. WAIVER OF JURY TRIAL. THE BORROWER IRREVOCABLY WAIVES ANY AND
RIGHTS THE BORROWER MAY NAVE TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR CLAIM
ANY NATURE RELATING TO THIS NOTE, ANY DOCUMENTS EXECUTED IN CONNECTION WITH THIS Nc
OR ANY TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS. THE BORROY
ACKNOWLEDGES THAT THE FOREGOING WAIVER IS KNOWING AND VOLUNTARY.
The Borrower acknowledges that they have read and understand all
provisions of this Note, Including the confession of judgment and waiver of jury trial,
have been advised by counsel as necessary or appropriate.
WITNESS the due execution of this Note as a document under seal, as of the date
written above, with the Intent to be legally bound hereby.
BORRO
RICHARD J. S
A- ee--- (SEAL)
AROLE B. SNY
(A1111898:1)
5
WITNESS:
DISCLOSURE FOR CONFESSION OF JUDGMENT
Undersigned: RICHARD J. SNYDER and CAROLE B. SNYDER
100 Knipe Lane
Reading, Pennsylvania 19607
Lender: INTEGRITY BANK
3345 Market Street
Camp Hill, Pennsylvania 17011
The undersigned have executed, and/or are executing, on or about the date hereof, the
documents under which the undersigned are obligated to repay monies to Lender:
Promissory Note - $310,000
A. THE UNDERSIGNED ACKNOWLEDGE AND AGREE THAT THE ABOVE DOCUMENT CONTAINS PROVISI NS
UNDER WHICH LENDER MAY ENTER JUDGMENT BY CONFE33ION AGAINST THE UNDERSIGNED. BEING Ft.,
AWARE OF THEIR RIGHTS TO PRIOR NOTICE AND A HEARING ON THE VALIDITY OF ANY JUDGMENT OR OTHER
CLAIMS THAT MAY BE ASSERTED AGAINST THEM BY LENDER THEREUNDER BEFORE JUDGMENT 13 ENTERED, E
UNDERSIGNED HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WANE THESE RIGHTS AND EXPRESSLY AG EE
AND CONSENT TO LENDER'S ENTERING JUDGMENT AGAINST THEM BY CONFESSION PURSUANT TO THE TE S
THEREOF.
B. THE UNDERSIGNED ALSO ACKNOWLEDGE AND AGREE THAT THE ABOVE DOCUMENT CONT S
PROVISIONS UNDER WHICH LENDER MAY, AFTER ENTRY OF JUDGMENT AND WITHOUT EITHER NOTICE IT A
HEARING, FORECLOSE UPON, ATTACH, LEVY, TAKE POSSESSION OF OR OTHERWISE SEIZE PROPERTY OF E
UNDERSIGNED IN FULL OR PARTIAL PAYMENT OF THE JUDGMENT. BEING FULLY AWARE OF THEIR RIGHTS ER
JUDGMENT IS ENTERED (INCLUDING THE RIGHT TO MOVE TO OPEN OR STRIKE THE JUDGMENT), THE UNDERSIG D
HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WANE THEIR RIGHTS TO NOTICE AND A HEARING D
EXPRESSLY AGREE AND CONSENT TO LENDER'S TAKING SUCH ACTIONS AS MAY BE PERMITTED UN ER
APPLICABLE STATE AND FEDERAL LAW WITHOUT PRIOR NOTICE TO THE UNDERSIGNED.
C. The undersigned certify that a representative of Lender specifically called the confession of
judgment provisions in the above document to the attention of the undersigned, and/or that he
undersigned were represented by legal counsel In connection with the above document.
D. The undersigned hereby certify that their annual income exceeds $10,000; that all references
to "the undersigned" above refer to each of the persons signing below; and that the undersigned recelv?ecl
a copy hereof at the time of signing.
Dated: March 18, 2008
Witness
J.
(SEAL)
AROLE B. SNY R
(A1111898;1)
6
??
GUARANTY AND SURETYSHIP AGREEMENT
THIS GUARANTY AND SURETYSHIP AGREEMENT (this "Guaranty") is entered ' to
as of March 18, 2008, by SNYDER'S HARDWARE, INC., a Pennsylvania corpora ion
("Guarantor'"), with an address at 119 West Lancaster Avenue, Shillington, Penns is
19607, in consideration of the extension of credit by INTEGRITY BANK, a Pennsyly is
banking institution, its successors and assigns ("Bank"), with an address at 3345 Ma et
Street, Camp Hill, Pennsylvania 17011 to RICHARD J. SNYDER and CAROLE B. SNYD R
("Borrower"), and other good and valuable consideration, the receipt and sufficiency of w ich
are hereby acknowledged.
1. Guaranty of Obligations. The Guarantor hereby guarantees, and beco es
surety for, the prompt payment and performance of. all loans, advances, debts, liabiliti s,
obligations, covenants and duties owing by the Borrower to the Bank, of any kind or nature,
present or future (including any interest accruing thereon after maturity, or after the filing of ny
petition in bankruptcy, or the commencement of any insolvency, reorganization or I ke
proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition Inter st
is allowed In such proceeding), whether or not evidenced by any note, guaranty or other
instrument, whether arising under any agreement, instrument or document, whether or not or
the payment of money, whether arising by reason of an extension of credit, opening of a lette of
credit, loan, equipment lease or guarantee, under any interest or currency swap, future, opt on
or other interest rate protection or similar agreement, or in any other manner, whether aris ng
out of overdrafts on deposit or other accounts or electronic funds transfers (whether throgh
automated clearing houses or otherwise) or out of the Bank's non-receipt of or inability to colt ct
funds or otherwise not being made whole in connection with depository transfer check or of er
similar arrangements, whether direct or indirect (including those acquired by assignment or
participation), absolute or contingent, joint or several, due or to become due, now existing or
hereafter arising, and any amendments, extensions, renewals or increases and all costs and
expenses of the Bank incurred in the documentation, negotiation, modification, enforcement,
collection or otherwise in connection with any of the foregoing, including reasonable attome s'
fees and expenses (collectively, the "Obligations").
If the Borrower defaults under any such Obligations, the Guarantor will pay the amount of he
Obligations to the Bank. Until the Obligations are indefeasibly paid in full, Guarantor's liabi ity
hereunder shall not be reduced in any manner whatsoever by any amounts which the Bank ay
realize before or after maturity of the Obligations, by acceleration or otherwise, as a result of
payments made by or on behalf of the Borrower or by or on behalf of any other person or an ity
other than the Guarantor primarily or secondarily liable for the Obligations or any part thereof, or
otherwise credited to the Borrower or such person or entity, or as a result of the exercise of e
Bank's rights with respect to any collateral for the Obligations or any part thereof.
2. Nature of Guaranty: Waivers. This is a guaranty of payment and not of
collection and the Bank shall not be required, as a condition of the Guarantor's liability, to make
any demand upon or to pursue any of its rights against the Borrower, or to pursue any rights
which may be available to It with respect to any other person who may be liable for the payment
of the Obligations.
This is an absolute, unconditional, irrevocable and continuing guaranty and will remain in
full force and effect until all of the Obligations have been indefeasibly paid in full, and the Be k
has terminated this Guaranty. This Guaranty will remain in full force and effect even if there is
(Al 111840:1)
no principal balance outstanding under the Obligations at a particular time or from time to ti e.
This Guaranty will not be affected by any surrender, exchange, acceptance, compromise or
release by the Bank of any other party, or any other guaranty or any security meld by it for an of
the Obligations, by any failure of the Bank to take any steps to perfect or maintain its lien or
security interest in or to preserve its rights to any security or other collateral for any of e
Obligations or any guaranty, or by any irregularity, unenforceability or invalidity of any oft e
Obligations or any part thereof or any security or other guaranty thereof. The Guarant s
obligations hereunder shall not be affected, modified or impaired by any counterclaim, set-off,
deduction or defense based upon any claim the Guarantor may have against the Borrower or
the Bank, except payment or performance of the Obligations.
Notice of acceptance of this Guaranty, notice of extensions of credit to the Borroer
from time to time, notice of default, diligence, presentment, notice of dishonor, protest, dema d
for payment, and any defense based upon the Bank's failure to comply with the notf
requirements of the applicable version of Uniform Commercial Code § 9-810 are hereby waived.
The Guarantor waives all defenses based on suretyship or impairment of collateral.
The Bank at any time and from time to time, without notice to or the consent oft e
Guarantor, and without impairing or releasing, discharging or modifying the Guaranto 's
liabilities hereunder, may (a) change the manner, place, time or terms of payment or
performance of or interest rates on, or other terms relating to, any of the Obligations; (b) rene ,
substitute, modify, amend or alter, or grant consents or waivers relating to any of e
Obligations, any other guaranties, or any security for any Obligations or guaranties; (c) ap ly
any and all payments by whomever paid or however realized including any proceeds of a y
collateral, to any Obligations of the Borrower in such order, manner and amount as the Balk
may determine in its sole discretion; (d) settle, compromise or deal with any other person,
including the Borrower or the Guarantor, with respect to any Obligations in such manner as the
Bank deems appropriate in its sole discretion; (e) substitute, exchange or release any secur ty
or guaranty; or (f) take such actions and exercise such remedies hereunder as provided herei .
3. Repayments or Recovery from the Bank. If any demand is made at any ti e
upon the Bank for the repayment or recovery of any amount received by it in payment or on
account of any of the Obligations and If the Bank repays all or any part of such amount y
reason of any judgment, decree or order of any court or administrative body or by reason of a y
settlement or compromise of any such demand, the Guarantor will be and remain lia Is
hereunder for-the amount so repaid or recovered to the same extent as if such amount h d
never been received originally by the Bank. The provisions of this section will be and rem 'n
effective notwithstanding any contrary action which may have been taken by the Guarantor 'n
reliance upon such payment, and any such contrary action so taken will be without prejudice o
the Bank's rights hereunder and will be deemed to have been conditioned upon such payme it
having become final and irrevocable.
4. Financial Statements. Unless compliance is waived in writing by the Bank or
until all of the Obligations have been paid in full, the Guarantor will promptly submit to the Batik
such information relating to the Guarantor's affairs (including but not limited to annual financial
statements and tax returns for the Guarantor).
5. Enforceabilitti of Qbii tions. No modification, limitation or discharge oft the
Obligations arising out of or by virtue of any bankruptcy, reorganization or similar proceeding for
relief of debtors under federal or state law will affect, modify, limit or discharge the Guarantor's
liability in any manner whatsoever and this Guaranty will remain and continue in full force a rd
(Al 111840:1)
2
effect and will be enforceable against the Guarantor to the same extent and with the same for
and effect as if any such proceeding had not been instituted. The Guarantor waives all rights
and benefits which might accrue to it by reason of any such proceeding' and will be liable tot the
full extent hereunder, irrespective of any modification, limitation or discharge of the liability oft the
Borrower that may result from any such proceeding.
8. Events of Default. The occurrence of any of the following shall be an "Event
Default": (1) any Event of Default (as defined in any of the Loan Documents); (ii) any defa
under any of the Loan Documents that does not have a defined set of "Events of Default" a
the lapse of any notice or cure period provided in such Obligations with respect to such defat
(ill) demand by the Bank under any of the instruments or agreements giving rise to any of t
Obligations that have a demand feature; (iv) the Guarantor's failure to perform any of
obligations hereunder; (v) the falsity, inaccuracy or material breach by the Guarantor of a
written warranty, representation or statement made or furnished to the Bank by or on behalf
the Guarantor; or (vi) the termination or attempted termination of this Guaranty. Upon tl
occurrence of any Event of Default, (a) the Guarantor shall pay to the Bank the outstandii
amount of the Obligations; or (b) on demand of the Bank, the Guarantor shall immediate
deposit with the Bank, in U.S. dollars, the outstanding amount of the Obligations, and the Bai
may at any time use such funds to repay the Obligations; or (c) the Bank in its discretion mo
exercise with respect to any collateral any one or more of the rights and remedies provided
secured party under the applicable version of the Uniform Commercial Code; or (d) the Bank
its discretion may exercise from time to time any other rights and remedies available to it at la,
in equity or otherwise.
7. Rioht of Setoff. In addition to all liens upon and rights of setoff against ti
Guarantor's money, securities or other property given to the Bank by law, the Bank shall hav
with respect to the Guarantor's obligations to the Bank under this Guaranty and to the exte
permitted by law, a contractual possessory security interest in and a contractual right of sett
against, and the Guarantor hereby assigns, conveys, delivers, pledges and transfers to tF
Bank all of the Guarantor's right, title and interest in and to, all of the Guarantor's deposit
moneys, securities and other property now or hereafter in the possession of or on deposit wit
or in transit to, the Bank, whether held in a general or special account or deposit, whether he
jointly with someone else, or whether held for safekeeping or otherwise, excluding, however, <
IRA, Keogh, and trust accounts. Every such security interest and right of setoff may 6
exercised without demand upon or notice to the Guarantor. Every such right of setoff shall t
deemed to have been exercised immediately upon the occurrence of an Event of DefaL
hereunder without any action of the Bank, although the Bank may enter such setoff on its book
and records at a later time.
8. Collateral This Guaranty Is secured by the property described in any collaten
security documents which the Guarantor executes and delivers to the Bank and by such othe
collateral as previously may have been or may in the future be granted to the Bank to secur
any obligations of the Guarantor to the Bank.
9. Costs. To the extent that the Bank incurs any costs or expenses in protecting c
enforcing its rights under the Obligations or this Guaranty, including reasonable attorneys' fee
and the costs and expenses of litigation, such costs and expenses will be due on demand, wi
be Included in the Obligations and will bear interest from the incurring or payment thereof at the
Default Rate (as defined in any of the Obligations).
(Al 111840:1)
3
10. Postponement of Subrogation. Until the Obligations are indefeasibly paid in
full, the Guarantor irrevocably postpones and subordinates in favor of the Bank any and all
rights which the Guarantor may have to (a) assert any claim against the Borrower based on
subrogation rights with respect to payments made hereunder, and (b) any realization on any
property of the Borrower, including participation in any marshalling of the Borrower's assets.
11. Power to Confess Jud meat. The Guarantor hereby empowers My
attorney of any court of record, after the occurrence of any Event of Default hereunder, to
appear for the Guarantor and, with or without complaint filed, confess judgment, o a
series of judgments, against the Guarantor in favor of the Bank for the amount oft e
Obligations, together with interest thereon at the Default Rate set forth in the Note, c is
of suit and an attorney's commission of the greater of 5% of such principal and Inter t
or $5,000 added as a reasonable attorney's fee, and for doing so, this Guaranty or a co y
verified by affidavit shall be a sufficient warrant. The Guarantor hereby forever waiv s
and releases all errors in said proceedings and all rights of appeal and all relief from a y
and all appraisement, stay or exemption laws of any state now in force or herea or
enacted.
No single exercise of the foregoing power to confess judgment, or a series of judgmen s,
shall be deemed to exhaust the power, whether or not any such exercise shall be held y
any court to be invalid, voidable, or void, but the power shall continue undiminished a d
It may be exercised from time to time as often as the Bank shall elect until such time is
the Bank shall have received payment In full of the outstanding balance due on t e
Obligations and costs. Notwithstanding the attorney's commission provided for In It
preceding paragraph (which is Included in the warrant for purposes of establishing a
sum certain), the amount of attorneys' fees that the Bank may recover from It e
Guarantor shall not exceed the actual attorneys' fees Incurred by the Bank.
12. Notices. All notices, demands, requests, consents, approvals and of
communications required or permitted hereunder must be in writing and will be effective u
receipt. Such notices and other communications may be hand-delivered, sent by facsii
transmission with confirmation of delivery and a copy sent by first-class mail, or sent
nationally recognized overnight courier service, to the addresses for the Bank and
Guarantor set forth above or to such other address as one may give to the other in writing
such purpose.
13. Preservation of Rights. No delay or omission on the Bank's part to exercl
any right or power arising hereunder will impair any such right or power or be considered
waiver of any such right or power, nor will the Bank's action or inaction impair any such right
power. The Bank's rights and remedies hereunder are cumulative and not exclusive of ai
other rights or remedies which the Bank may have under other agreements, at law or in equi
The Bank may proceed in any order against the Borrower, the Guarantor or any other obligor 1
or any collateral securing, the Obligations.
14. Ills ali . In case any one or more of the provisions contained In this Gua
should be invalid, illegal or unenforceable in any respect, the validity, legality and enforcei
of the remaining provisions contained herein shall not in any way be affected or Imp
thereby.
15. Changes in Writing. No modification, amendment or waiver of any provision
this Guaranty nor consent to any departure by the Guarantor therefrom, will be effective unle
(A1111840:1)
4
made In a writing signed by the Bank, and then such waiver -or consent shall be effective only in
the specific Instance and for the purpose for which given. No notice to or demand on t e
Guarantor in any case will entitle the Guarantor to any other or further notice or demand in t e
same, similar or other circumstance.
16. Entire Agreement. This Guaranty (including the documents and instruments
referred to herein) constitutes the entire agreement and supersedes all other prior agreements
and understandings, both written and oral, between the Guarantor and the Bank with respect to
the subject matter hereof; provided, however, that this Guaranty is In addition to, and not in
substitution for, any other guarantees from the Guarantor to the Bank.
17. Successors and Melons. This Guaranty will be binding upon and inure to t e
benefit of the Guarantor and the Bank and their respective successors and assigns; 1MAe ,
however, that the Guarantor may not assign this Guaranty in whole or In part without the Bank's
prior written consent and the Bank at any time may assign this Guaranty in whole or in part.
18. Interpretation. In this Guaranty, unless the Bank and the Guarantor otherwi e
agree in writing, the singular includes the plural and the plural the singular; references o
statutes are to be construed as including all statutory provisions consolidating, amending or
replacing the statute referred to; the word "or" shall be deemed to include "and/or", the won: s
"including", "includes" and "include" shall be deemed to be followed by the words "witho
limitation"; and references to sections or exhibits are to those of this Guaranty unless otherwi
indicated. Section headings in this Guaranty are included for convenience of reference only a
shall not constitute a part of this Guaranty for any other purpose. If this Guaranty is executed 1: y
more than one party as Guarantor, the obligations of such persons or entities will be joint an
several.
19. Indemnity. The Guarantor agrees to indemnify each of the Bank, its director
officers and employees and each legal entity, if any, who controls the Bank (the "indemniflE
Parties") and to hold each Indemnified Party harmless from and against any and all claim
damages, losses, liabilities and expenses (including all fees and changes of internal or extern
counsel with whom any Indemnified Party may consult and all expenses of litigation
preparation therefor) which any Indemnified Parry may incur or which may be asserted again
any Indemnified Party as a result of the execution of or performance under this Guarant
provided, however, that the foregoing indemnity agreement shall not apply to claims, damage
losses, liabilities and expenses solely attributable to an Indemnified Party's gross negligence
willful misconduct. The indemnity agreement contained in this Section shall survive *
termination of this Guaranty. The Guarantor may participate at its expense in the defense
any such claim.
20. Goveming Law and Jurisdictg. This Guaranty has been delivered to a
accepted by the Bank and will be deemed to be made in the Commonwealth of Pennsylvan
THIS GUARANTY WILL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE BANK AND T
GUARANTOR DETERMINED IN ACCORDANCE WITH THE LAWS OF COMMONWEALTH OF PENNSYLVAN
EXCLUDING ITS CONFLICT OF LAWS RULES. The Guarantor hereby irrevocably consents to t
exclusive jurisdiction of the Court of Common Pleas of Cumberland County, Pennsylvan
provided that nothing contained in this Guaranty will prevent the Bank from bringing any actic
enforcing any award or judgment or exercising any rights against the Guarantor individual
against any security or against any property of the Guarantor within any other county, state
other foreign or domestic jurisdiction. The Guarantor acknowledges and agrees that the ven+
provided above is the most convenient forum for both the Bank and the Guarantor. TI
01111840:1)
5
Guarantor waives any objection to venue and any objection based on a more convenient f
in any action instituted under this Guaranty.
21. WAIVER OF JURY TRIAL. THE GUARANTOR IRREVOCABLY WAIVES
AND ALL RIGHT THE GUARANTOR MAY HAVE TO A TRIAL BY JURY IN ANY ACT
PROCEEDING OR CLAIM OF ANY NATURE RELATING TO THIS GUARANTY,
DOCUMENTS EXECUTED IN CONNECTION WITH THIS GUARANTY OR
TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS. THE GUARAN
ACKNOWLEDGES THAT THE FOREGOING WAIVER IS KNOWING AND VOLUNTARY.
The Guarantor acknowledges that it has read and understands all the provis
of this Guaranty, Including the confession of judgment and waiver of jury trial, and
been advised by counsel as necessary or appropriate.
WITNESS the due execution hereof as a document under seal, as of the date
written above, with the intent to be legally bound hereby.
ATTESTIWITNESS: SNYDER'S HARDWARE, INC.,
a Pennsyl is ration
Ric and J. er, Presi+
{A1111840:1}
6
DISCLOSURE FOR CONFESSION OF JUDGMENT
Undersigned: SNYDER'S HARDWARE, INC.
119 West Lancaster Avenue
ShillingWn, Pennsylvania 19607
Lender: INTEGRITY BANK
3345 Market Street
Camp Hill, Pennsylvania 17011
The undersigned has executed, and/or Is executing, on or about the date hereof, a Guaranty
Suretyship Agreement, in respect of the obligations owed to Lender by, RICHARD J. SNYDER
CAROLE B. SNYDER, under which the undersigned is obligated to repay monies to Lender.
A. THE UNDERSIGNED ACKNOWLEDGES AND AGREES THAT THE ABOVE DOCUMENT CONTAI S
PROVISIONS UNDER WHICH LENDER MAY ENTER JUDGMENT BY CONFESSION AGAINST THE UNDERSIGNED. BEI G
FULLY AWARE OF ITS RIGHTS TO PRIOR NOTICE AND A HEARING ON THE VALIDITY OF ANY JUDGMENT OR OTH R
CLAIMS THAT MAY BE ASSERTED AGAINST IT BY LENDER THEREUNDER BEFORE JUDGMENT IS ENTERED, T E
UNDERSIGNED HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WAIVES THESE RIGHTS AND EXPRE Y
AGREES AND CONSENTS TO LENDER'S ENTERING JUDGMENT AGAINST IT BY CONFESSION PURSUANT TO E
TERMS THEREOF.
B. THE UNDERSIGNED ALSO ACKNOWLEDGES AND AGREES THAT THE ABOVE DOCUMENT CONTAI
PROVISIONS UNDER WHICH LENDER MAY, AFTER ENTRY OF JUDGMENT AND WITHOUT EITHER NOTICE OR A
HEARING, FORECLOSE UPON, ATTACH, LEVY, TAKE POSSESSION OF OR OTHERWISE SEIZE PROPERTY OF E
UNDERSIGNED IN FULL OR PARTIAL PAYMENT OF THE JUDGMENT. BEING FULLY AWARE OF ITS RIGHTS AFTE R
JUDGMENT IS ENTERED (INCLUDING THE RIGHT TO MOVE TO OPEN OR STRIKE THE JUDGMENT), THE UNDERSIGN D
HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WAIVES ITS RIGHTS TO NOTICE AND A HEARING D
EXPRESSLY AGREES AND CONSENTS TO LENDER'S TAKING SUCH ACTIONS AS MAY BE PERMITTED UND R
APPLICABLE STATE AND FEDERAL LAW WITHOUT PRIOR NOTICE TO THE UNDERSIGNED.
C. The undersigned certifies that a representative of Lender specifically called the confession
judgment provisions in the above document to the attention of the undersigned, and/or that t
undersigned was represented by legal counsel in connection with the above document.
D. The undersigned hereby certifies that its annual income exceeds $10,000; that all referenc
to "the undersigned" above refer to the entity below; and that the undersigned received a copy hereof
the time of signing.
Dated as of March 18, 2008.
ATTEST/WITNESS: SNYDER'S HARDWARE, INC.,
a Pennsvhrg da comoration
Richard J. 1186r. President
_ B411a V y
(Al111840;1)
7
GUARANTY AND SURETYSHIP AGREEMENT
THIS GUARANTY AND SURETYSHIP AGREEMENT (this "Guaranty") is entered i to
as of March 18, 2008, by SNYDER'S ROSE PROJECT, LP, a Pennsylvania limited partners ip
("Guarantor"), with an address at 119 West Lancaster Avenue, Shillington, Pennsyiva is
19607, in consideration, of the extension of credit by INTEGRITY BANK, a Pennsylva is
banking institution, its successors and assigns ("Bank"), with an address at 3345 Ma et
Street, Camp Hill, Pennsylvania 17011 to RICHARD J.'SNYDER and CAROLE B. SNYD R
("Borrower"), and other good and valuable consideration, the receipt and sufficiency of wh ch
are hereby acknowiedged.
1. Guaranty of Obligations. The Guarantor hereby guarantees, and beco as
surety for, the prompt payment and performance of: all loans, advances, debts, liabilities,
obligations, covenants and duties owing by the Borrower to the Bank, of any kind or nature,
present or future (including any interest accruing thereon after maturity, or after the filing of ny
petition in bankruptcy, or the commencement of any insolvency, reorganization or I ke
proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition inter st
is allowed in such proceeding), whether or not evidenced by any note, guaranty or of er
instrument, whether arising under any agreement, instrument or document, whether or not or
the payment of money, whether arising by reason of an extension of credit, opening of a lette of
credit, loan, equipment lease or guarantee, under any interest or currency swap, future, op n
or other Interest rate protection or similar agreement, or in any other manner, whether aris g
out of overdrafts on deposit or other accounts or electronic funds transfers (whether thro h
automated clearing houses or otherwise) or out of the Bank's non-receipt of or inability to 0011 at
funds or otherwise not being made whole in connection with depository transfer check or of er
similar arrangements, whether direct or indirect (including those acquired by assignment or
participation), absolute or contingent, joint or several, due or to become due, now existing or
hereafter arising, and any amendments, extensions, renewals or increases and all costs and
expenses of the Bank incurred in the documentation, negotiation, modification, enforcement,
collection or otherwise in connection with any of the foregoing, including reasonable attome '
fees and expenses (collectively, the "Obligations").
If the Borrower defaults under any such Obligations, the Guarantor will pay the amount of he
Obligations to the Bank. Until the Obligations are indefeasibly paid in full, Guarantor's liabi ity
hereunder shall not be reduced in any manner whatsoever by any amounts which the Bank rr y
realize before or after maturity of the Obligations, by acceleration or otherwise, as a result of
payments made by or on behalf of the Borrower or by or on behalf of any other person or an ity
other than the Guarantor primarily or secondarily liable for the Obligations or any part thereof, or
otherwise credited to the Borrower or such person or entity, or as a result of the exercise of t e
Bank's rights with respect to any collateral for the Obligations or any part thereof.
2. Nature of Guaranty: Waivers. This is a guaranty of payment and not of
collection and the Bank shall not be required, as a condition of the Guarantor's liability, to ma e
any demand upon or to pursue any of its rights against the Borrower, or to pursue any rig is
which may be available to it with respect to any other person who may be liable for the paym nt
of the Obligations.
This is an absolute, unconditional, irrevocable and continuing guaranty and will remain in
full force and effect until all of the Obligations have been indefeasibly paid in full, and the Ba k
has terminated this Guaranty. This Guaranty will remain in full force and effect even If there is
{A1111852:1}
no principal balance outstanding under the Obligations at a particular time or from time to ti e.
This Guaranty will not be affected by any surrender, exchange, acceptance, compromise or
release by the Bank of any other party, or any other guaranty or any security held by it for any of
the Obligations, by any failure of the Bank to take any steps to perfect or maintain its lien or
security interest in or to preserve its rights to any security or other collateral for any oft the
Obligations or any guaranty, or by any Irregularity, unenforceability or invalidity of any oft e
Obligations or any part thereof or any security or other guaranty thereof. The Guaranto 's
obligations hereunder shall not be affected, modified or impaired by any counterclaim, set-off,
deduction or defense based upon any claim the Guarantor may have against the Borrower or
the Bank, except payment or performance of the Obligations.
Notice of acceptance of this Guaranty, notice of extensions of credit to the Borrower
from time to time, notice of default, diligence, presentment, notice of dishonor, protest, dema d
for payment, and any defense based upon the Bank's failure to comply with the notice
requirements of the applicable version of Uniform Commercial Code § 9-610 are hereby waived.
The Guarantor waives all defenses based on suretyship or impairment of collateral.
The Bank at any time and from time to time, without notice to or the consent oft e
Guarantor, and without impairing or releasing, discharging or modifying the Guaranto 's
liabilities hereunder, may (a) change the manner, place, time or terms of payment r
performance of or interest rates on, or other terms relating to, any of the Obligations; (b) rene ,
substitute, modify, amend or alter, or grant consents or waivers relating to any oft the
Obligations, any other guaranties, or any security for any Obligations or guaranties; (c) apply
any and all payments by whomever paid or however realized including any proceeds of a y
collateral, to any Obligations of the Borrower in such order, manner and amount as the Ba k
may determine in its sole discretion; (d) settle, compromise or deal with any other perso ,
including the Borrower or the Guarantor, with respect to any Obligations in such manner as t e
Bank deems appropriate in its sole discretion; (e) substitute, exchange or release any securi
or guaranty; or (f) take such actions and exercise such remedies hereunder as provided herein.
3. Repayments or Recovery from the Bank. If any demand is made at any time
upon the Bank for the repayment or recovery of any amount received by it in payment or on
account of any of the Obligations and if the Bank repays all or any part of such amount by
reason of any judgment, decree or order of any court or administrative body or by reason of Orly
settlement or compromise of any such demand, the Guarantor will be and remain liab e
hereunder for the amount so repaid or recovered to the same extent as if such amount h d
never been received originally by the Bank. The provisions of this section will be and rema n
effective notwithstanding any contrary action which may have been taken by the Guarantor n
reliance upon such payment, and any such contrary action so taken will be without prejudice o
the Bank's rights hereunder and will be deemed to have been conditioned upon such payment
having become final and Irrevocable.
4. Financial Statements. Unless compliance is waived in writing by the Bank or
until all of the Obligations have been paid in full, the Guarantor will promptly submit to the Bark
such information relating to the Guarantor's affairs (including but not limited to annual financial
statements and tax returns for the Guarantor).
5. Enforceability of Oblr'nations. No modification, limitation or discharge of t
Obligations arising out of or by virtue of any bankruptcy, reorganization or similar proceeding f r
relief of debtors under federal or state law will affect, modify, limit or discharge the Guarantor
liability in any manner whatsoever and this Guaranty will remain and continue in full force an
(Al 111852:1)
2
effect and will be enforceable against the Guarantor to the same extent and with the same force
and effect as if any such proceeding had not been instituted. The Guarantor waives all rights
and benefits which might accrue to it by reason of any such proceeding and will be liable tot e
full extent hereunder, irrespective of any modification, limitation or discharge of the liability of the
Borrower that may result from any such proceeding.
6. Events of Default. The occurrence of any of the following shall be an "Event of
Default": (i) any Event of Default (as defined in any of the Loan Documents); (ii) any defa H
under any of the Loan Documents that does not have a defined set of "Events of Default' a d
the lapse of any notice or cure period provided in such Obligations with respect to such defa It;
(iii) demand by the Bank under any of the instruments or agreements giving rise to any oft e
Obligations that have a demand feature; (iv) the Guarantor's failure to perform any of is
obligations hereunder; (v) the falsity, inaccuracy or material breach by the Guarantor of a y
written warranty, representation or statement made or furnished to the Bank by or on behalf of
the Guarantor, or (vi) the termination or attempted termination of this Guaranty. Upon tie
occurrence of any Event of Default, (a) the Guarantor shall pay to the Bank the outstandl g
amount of the Obligations; or (b) on demand of the Bank, the Guarantor shall immediately
deposit with the Bank, in U.S. dollars, the outstanding amount of the Obligations, and the Ba k
may at any time use such funds to repay the Obligations; or (c) the Bank in its discretion may
exercise with respect to any collateral any one or more of the rights and remedies provide a
secured party under the applicable version of the Uniform Commercial Code; or (d) the Bank in
its discretion may exercise from time to time any other rights and remedies available to it at la ,
in equity or otherwise.
7. Riaht of Setoff. In addition to all liens upon and rights of setoff against t e
Guarantor's money, securities or other property given to the Bank by law, the Bank shall ha e,
with respect to the Guarantor's obligations to the Bank under this Guaranty. and to the ext nt
permitted by law, a contractual possessory security interest in and a contractual right of setoff
against, and the Guarantor hereby assigns, conveys, delivers, pledges and transfers tot e
Bank all of the Guarantor's right, title and interest in and to, all of the Guarantor's deposi s,
moneys, securities and other property now or hereafter in the possession of or on deposit wi h,
or in transit to, the Bank, whether held in a general or special account or deposit, whether h Id
jointly with someone else, or whether held for safekeeping or otherwise, excluding, however, all
IRA, Keogh, and trust accounts. Every such security interest and right of setoff may e
exercised without demand upon or notice to the Guarantor. Every such right of setoff shall e
deemed to have been exercised immediately upon the occurrence of an Event of Default
hereunder without any action of the Bank, although the Bank may enter such setoff on its boo s
and records at a later time.
6. Collateral. This Guaranty is secured by the property described in any collate I
security documents which the Guarantor executes and delivers to the Bank and by such other
collateral as previously may have been or may in the future be granted to the Bank to secure
any obligations of the Guarantor to the Bank.
9. Costs. To the extent that the Bank incurs any costs or expenses in protecting r
enforcing its rights under the Obligations or this Guaranty, including reasonable attorneys' f s
and the costs and expenses of litigation, such costs and expenses will be due on demand, will
be included in the Obligations and will bear interest from the incurring or payment thereof at the
Default Rate (as defined in any of the Obligations).
(A1111852:1)
3
10. Postaonement of Subrogation. Until the Obligations are indefeasibly paid in
full, the Guarantor irrevocably postpones and subordinates in favor of the Bank any and II
rights which the Guarantor may have to (a) assert any claim against the Borrower based on
subrogation rights with respect to payments made hereunder, and (b) any realization on any
property of the Borrower, including participation In any marshalling of the Borrower's assets.
11. Power to Confess Judgment. The Guarantor hereby empowers any
attorney of any court of record, after the occurrence of any Event of Default hereunder, to
appear for the Guarantor and, with or without complaint filed, confess judgment, or a
series of judgments, against the Guarantor in flavor of the Bank for the amount oft e
Obligations, together with interest thereon at the Default Rate set forth in the Note, cos
of suit and an attorney's commission of the greater of 5% of such principal and inter it
or $5,000 added as a reasonable attorney's fee, and for doing so, this Guaranty or a co y
verified by affidavit shall be a sufficient warrant. The Guarantor hereby forever waiv s
and releases all errors in said proceedings and all rights of appeal and all relief from a y
and all appraisement, stay or exemption laws of any state now in force or hereaft r
enacted.
No single exercise of the foregoing power to confess judgment, or a series of judgments,
shall be deemed to exhaust the power, whether or not any such exercise shall be held y
any court to be Invalid, voidable, or void, but the power shall continue undiminished a d
it may be exercised from time to time as often as the Bank shall elect until such time s
the Bank shall have received payment in full of the outstanding balance due on t e
Obligations and costs. Notwithstanding the attorney's commission provided for in t e
preceding paragraph (which is included in the warrant for purposes of establishing a
sum certain), the amount of attorneys' fees that the Bank may recover from t e
Guarantor shall not exceed the actual attorneys' fees incurred by the Bank.
12. Notices. All notices, demands, requests, consents, approvals and other
communications required or permitted hereunder must be in writing and will be effective u n
receipt. Such notices and other communications may be hand-delivered, sent by facsim e
transmission with confirmation of delivery and a copy sent by first-class mail, or sent y
nationally recognized overnight courier service, to the addresses for the Bank and e
Guarantor set forth above or to such other address as one may give to the other in writing f )r
such purpose.
13. Preservation of Rights. No delay or omission on the Bank's part to exercise
any right or power arising hereunder will impair any such right or power or be considered a
waiver of any such right or power, nor will the Bank's action or inaction impair any such right or
power. The Bank's rights and remedies hereunder are cumulative and not exclusive of any
other rights or remedies which the Bank may have under other agreements, at law or in equi .
The Bank may proceed in any order against the Borrower, the Guarantor or any other obligor f,
or any collateral securing, the Obligations.
14. Illegality. In case any one or more of the provisions contained in this Guaran
should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceabili
of the remaining provisions contained herein shall not in any way be affected or impaired
thereby.
15. Chanuea in Writing. No modification, amendment or waiver of any provision f
this Guaranty nor consent to any departure by the Guarantor therefrom, will be effective unle s
(A1111852:1)
4
made in a writing signed by the Bank, and then such waiver or consent shall be effective only
the specific instance and for the purpose for which given. No notice to or demand on t
Guarantor in any case will entitle the Guarantor to any other or further notice or demand in t
same, similar or other circumstance.
16. Entire Agreement. This Guaranty (including the documents and instrumer
referred to herein) constitutes the entire agreement and supersedes all other prior agreemer
and understandings, both written and oral, between the Guarantor and the Bank with respect
the subject matter hereof; provided, however, that this Guaranty is in addition to, and not
substitution for, any other guarantees from the Guarantor to the Bank.
17. Successors and Assigns. This Guaranty will be binding upon and inure to tl
benefit of the Guarantor and the Bank and their respective successors and assigns; Provide
however, that the Guarantor may not assign this Guaranty in whole or in part without the Banl
prior written consent and the Bank at any time may assign this Guaranty in whole or in part.
18. Interpretation. In this Guaranty, unless the Bank and the Guarantor otherwi
agree in writing, the singular includes the plural and the plural the singular; references
statutes are to be construed as including all statutory provisions consolidating, amending
replacing the statute referred to; the word "or" shall be deemed to include "and/or", the wor
"including", "includes" and "include" shall be deemed to be followed by the words "withc
limitation"; and references to sections or exhibits are to those of this Guaranty unless otherv
indicated. Section headings in this Guaranty are included for convenience of reference only ai
shall not constitute a part of this Guaranty for any other purpose. If this Guaranty is executed
more than one party as Guarantor, the obligations of such persons or entities will be joint ai
several.
19. Indemnity. The Guarantor agrees to indemnify each of the Bank, its directo
officers and employees and each legal entity, if any, who controls the Bank (the "Indemnifl
Parties") and to hold each Indemnified Party harmless from and against any and all clain
damages, losses, liabilities and expenses (including all fees and charges of internal or exten
counsel with whom any Indemnified Party may consult and all expenses of litigation
preparation therefor) which any Indemnified Party may incur or which may be asserted agait
any indemnified Party as a result of the execution of or performance under this Guarar
Provided, however, that the foregoing indemnity agreement shall not apply to claims, damage
losses, liabilities and expenses solely attributable to an Indemnified Party's gross negligence
willful misconduct. The indemnity agreement contained in this Section shall survive t
termination of this Guaranty. The Guarantor may participate at its expense in the defense
any such claim.
20. Governing Law and Jurisdiction. This Guaranty has been delivered to at
accepted by the Bank and will be deemed to be made in the Commonwealth of Pennsylvani
THIS GUARANTY WILL BE INTERPRE I D AND THE RIGHTS AND LIABILITIES OF THE BANK AND Ti
GUARANTOR DETERMINED IN ACCORDANCE WITH THE LAWS OF COMMONWEALTH OF PENNSYLVANI
EXCLUDING ITS CONFLICT OF LAWS RULES. The Guarantor hereby irrevocably consents to tl
exclusive jurisdiction of the Court of Common Pleas of Cumberland County, Pennsylvani
provided that nothing contained in this Guaranty will prevent the Bank from bringing any actic
enforcing any award or judgment or exercising any rights against the Guarantor individuall
against any security or against any property of the Guarantor within any other county, state
other foreign or domestic jurisdiction. The Guarantor acknowledges and agrees that the vent
provided above is the most convenient forum for both the Bank and the Guarantor. TI
{A1111852:1}
5
Guarantor waives any objection to venue and any objection based on a more convenient
in any action instituted under this Guaranty.
21. WAIVER OF JURY TRIAL. THE GUARANTOR IRREVOCABLY WAIVES
AND ALL RIGHT THE GUARANTOR MAY HAVE TO A TRIAL BY JURY IN ANY AC'i
PROCEEDING OR CLAIM OF ANY NATURE RELATING TO THIS GUARANTY,
DOCUMENTS EXECUTED IN CONNECTION WITH THIS GUARANTY OR
TRANSACTION CONTEMPLATED IN ANY OF SUCH DOCUMENTS. THE GUARAN
ACKNOWLEDGES THAT THE FOREGOING WAIVER IS KNOWING AND VOLUNTARY.
The Guarantor acknowledges that it has read and understands all the provis
of this Guaranty, Including the confession of judgment and waiver of jury trial, and
been advised by counsel as necessary or appropriate.
WITNESS the due execution hereof as a document under seal, as of the date fii
written above, with the intent to be legally bound hereby.
GUARANTOR:
Witness:
SNYDER'S ROSE PROJECT, LP,
a Pennsylvania limited partnership
By: Snyder's Rose Project, LLC,
a Pennsylvania limited liability company,
its sole aemral partner ,
By
Richard J. Pr der, Manager
{A1111852:1}
6
DISCLOSURE FOR CONFESSION OF JUDGMENT
Undersigned; SNYDER'S ROSE PROJECT, LP
118 West Lancaster Avenue
Shillington, Pennsylvania 19607
Lender: INTEGRITY BANK
3345 Market Street
Camp Hill, Pennsylvania 17011
The undersigned has executed, and/or is executing, on or about the date hereof, a Guaranty
Suretyship Agreement, in respect of the obligations owed to Lender by, RICHARD J. SNYDER
CAROLE B. SNYDER, under which the undersigned is obligated to repay monies to Lender.
A. THE UNDERSIGNED ACKNOWLEDGES AND AGREES THAT THE ABOVE DOCUMENT CON7
PROVISIONS UNDER WHICH LENDER MAY ENTER JUDGMENT BY CONFESSION AGAINST THE UNDERSIGNED. B
FULLY AWARE OF ITS RIGHTS TO PRIOR NOTICE AND A HEARING ON THE VALIDITY OF ANY JUDGMENT OR a
CLAIMS THAT MAY BE ASSERTED AGAINST IT BY LENDER THEREUNDER BEFORE JUDGMENT IS ENTERED,
UNDERSIGNED HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WAIVES THESE RIGHTS AND EXPRE
AGREES AND CONSENTS TO LENDER'S ENTERING JUDGMENT AGAINST IT BY CONFESSION PURSUANT TO
TERMS THEREOF.
B. THE UNDERSIGNED ALSO ACKNOWLEDGES AND AGREES THAT THE ABOVE DOCUMENT CONTAII
PROVISIONS UNDER WHICH LENDER MAY, AFTER ENTRY OF JUDGMENT AND WITHOUT EITHER NOTICE OR
HEARING, FORECLOSE UPON, ATTACH, LEVY, TAKE POSSESSION OF OR OTHERWISE SEIZE PROPERTY OF T
UNDERSIGNED IN FULL OR PARTIAL PAYMENT OF THE JUDGMENT. BEING FULLY AWARE OF ITS RIGHTS AFT
JUDGMENT IS ENTERED (INCLUDING THE RIGHT TO MOVE TO OPEN OR STRIKE THE JUDGMENT), THE UNDERSIGN
HEREBY FREELY, KNOWINGLY AND INTELLIGENTLY WAIVES ITS RIGHTS TO NOTICE AND A HEARING AI
EXPRESSLY AGREES AND CONSENTS TO LENDER'S TAKING SUCH ACTIONS AS MAY BE PERMITTED UNDI
APPLICABLE STATE AND FEDERAL LAW WITHOUT PRIOR NOTICE TO THE UNDERSIGNED.
C. The undersigned certifies that a representative of Lender specifically called the confession
judgment provisions in the above document to the attention of the undersigned, and/or that 1
undersigned was represented by legal counsel in connection with the above document.
D. The undersigned hereby certifies that its annual income exceeds $10,000; that all reference
to "the undersigned" above refer to the entity below; and that the undersigned received a copy hereof
the time of signing.
Dated as of March 18, 2008.
Witness:
SNYDER'S ROSE PROJECT, LP,
a Pennsylvania limited partnership
By: Snyder's Rose Project, LLC,
a Pennsylvania limited liability company,
its sole aeneFal Deftner A
By
Richard J. Wider, Manager
(Al 111852: 11
7
?j?
T?it1dCATl?x ea a1?ORE ? aed lend ieia aw o?i1r?'?4? of ? ?! ,?
Rok w dx l to et? Mk 40 ? endy*r, r a i t
BArB ?3oa+ow?er t?oseed aNolo t?id? dle &mk doled AtiKbb 18, ROCS, elde?i+o? ? 1o?1i 9d
plti+M+lQal, Rmoant dl?IOi000.g4 {fir tdi?tticd b a: "l?otd"k +eld
'13,1Mfee?ipeb? de?e M 6opomfae?0, X09 andi6e 8anro•+q? noq?ered aa?dt6u meelc hit'''
end b be >? ?dx Noble b eeaeni 1ba ?plapa?? diie•
iQC1W, , ?u'vrJus ?scdNd did 60 maul aonrglmd 1md + Leailei?lr aeiad,
aediapapaim? b 6C ?y brlafwi ? 1l?C imd ?fcweeR gq?•/pd a0[aee as ?8oa?i:
1. zlsem, ?d ioof 6iptlwbarsa r tb.a.dboldoedia ^ 2mg.
4 AD ow one* nR adedpv N*{ ccm%ftod in dw mbrwddNob wmp to for aabn
maw' I' aA nmdG k fA daaof aid beat
?. `?aero?rar &dT dwwp ma bd*wd¦ n is no&hm wbb *mums cfdblgm n b mb "04
A4 STnM h, em Hook lW by 3wi*Mlrl s ?rlMed We Eobr anty eal A
aflo d v and yoe ibart' ? ieRe?adils b iapllri?ivd ?oamet?m, tblir rawp?tln jMiti, ni
iaeaneora, and +wi?•
WdW
/any
7"(7
'I'bis MOI)MCAT'ION to a NOM made and entered into as of is day of 4"M4
2009 but e$botlve for all purimw as of .2009 by Ntwow lnteOT
Halt, (HEREINTAPM ralbu ed to as "Banlt) and Ricieed I Snyder and Carole B. Saydw.
WHMtEAS Borrower exaaated a Nola with the Bank dated Much 18, 2008, evideswing a toes in the
P tMMM of $310,000.00 (lxareb #ft mated to as "Note's; and
WMMEAS, the maturity date is September 20, 2009 nand the Boa Mer has requested and the Bank has
arced to modify the terms of the Nobs to extend the me"* date.
NOW, 7UMMRF,, for valm raadved and tia mutual covamnts and agreemcmts bmwofter oontalned,
and intatnding to be legally bourod hereby, Bank and Borrower covanent and agrees as follows:
1 _ Tho nmaturity data ofNovember 20, 2009 "be emu n" to ju ary 20, x010.
2. All otbar terms, oorrdidoas, and stipatations ooaWuod into of oresaid NoW except to tic extent
modified heroin sball remain in full fines end dhct.
3. Bon*vm dtall disc}mp @ra kdd*dmu in accordance with the terms of the Note as hor cin modifiv&
IN WIT MS WMREOF, the Bank and the Borrower have taraaed this Agreement to be duly exearttd as
of the day sand year fist written, intending to leg * bird thamselves„ their rive laces, repeasrnttttives,
successors, and assigns.
3 Wahy
Regional Vice Prievident
Bt: O
By:
s .___ ILit:herd J. 3nyda ?,cad i of a ?
BY:
CNOIC rlnesa ` ». SM der r
7bie110 boa)i=maltreedemmmakb word&-pp-dwd
2010bitOmm mftalpw,peeeama! ?M°•' Zg09b1?aedYr+alaemle?igr
1?Itel)c, ?,? b et ?mtt' IRNd?b? and 1'?reeU ?. Seq?das:
W1 Ai owr muorbd ti Nabs 1r1ds tie Swk dared )Aeeob 11.2Wk cvidoo ft a 1em in the
pebnoipeT It?Rlt at Q10,pOd00 met eeI V, b rr "lawl sad
?lYt?, rar mtm?r d+r. Y 11?+t ?? ? ad dsHaeeo?rac hea eogneated ¦?d dee Hm? laa
?? b modb?r Aie rem $tia b?ialo b ? ma md?ily deta
?M? . ?1? eaoaivd wd tlreeatiebwl ? and a?eem heroircAee e+ee?rtdead.
and bft tR b b ft t bmmd M by, &mlunid lnmma w4 mma nd oneer wing
l o! N srmeity rasa at34W 3% 2010 dmA be mbWd to )hab 20i 9010.
i AM a&w rermW,oedtde % Wd 0*dWO a WMftb d b Mm elJ OMM MIO tlMO" N NWWJAU
madm die, 1 44iaaeleiaiMu>b"MANSCt
a. >woaowe a? diet dm iode?bte8rele 34 ac0adceee ritlb dte teems of die 1'10m M >teedn wodiGed.
)xvnm= WZMM g, dew Sukmdtbio amornar boas umd &k Arwomnt b be dnlp r xnmd as
of lm &W rad tmm deetadMae. tomWbR to billy Mid Odra, dWrimpoWw Yobs, wpowatNik
wooorroce, asd eadpor•
SY:
J. Qayar
d aegriir
!t
Ilia MODIFICATION to a NOTE made and entered into as of ".oPV day of 2010 but
effective for all purposes as of . 2010 by and between Integrity Bank, AFTER
refuted to as 'BanY) and Richard J. Snyder and Carole B. Snyder.
WI'INESSEM:
WHEREAS Borrower ea rated a Note with the Bank dated March 18, 2008, evidencing a loan in the
principal amount of $310,585.88 (hereinafter referred to as "Note"); and
WHMMAS, the maturity date is September 20, 2009 and the Borhower has requested and the Bank has
agreed to modify do teams of the Note to extend the maturity date.
NOW, THERBFORE, for value received and the mntusl covenants and agreements hereinafter contained,
and intending to be legally bound hereby, Bank and Borrower covenant and agrees as follows:
I. The maturity date of March 20, 2010 "be attended to July 30, 2010.
2. All other terms, conditions, and stipuMow contained in the aforesaid Note except to the extent
modif ied heroin shall remain in full force and effect.
3. Borrower shall- discAne the indebwheas in accordance with the terms of the Note as heirein modified.
IN WITNESS WHEREOF, the Bank and the Borrower have caused this Agreement to be duty executed as
of the day and year fast written, intending to legally bind themselves, their respective heirs, representative,
successom, and assigns.
7Y.1
Welty
1 vice President
BORRO
BY:
Richard J. Snyder
By.
e? C 41c B. Snyder
ThUMODEFICAMCff4 ti olgOTE mode mdaomd bio as of&k2Lday of AW, 2020 btu
Wbetlve tar dl pwpmm a of '? t s } 2010 Try sndbawm I wl* $wk B8INAFM
mfermd to eauBmk") madRiabod 7 SAvdw and Carole 23. Snyder.
WITNESSM:
WIMMM Soreower aatmmd a Nom wadi die Bank doled Mar* 15,?A & avidmetag m loan in tba
prlsaipel waomnt of 5310,sSS.88 (baramef6or oef?t+ed to ss "Note'?; aid
WldHS1YA Om mumdW dais is Sapmiber 20,2W aid doe Ba n m has mpaakd mad the Hank has
agreed to mo ft the mama of d m Noce to wood dra mmirity dam.
NOW, 'I ttA I= value rm*nd and the mm W oevenaana and agaamRms4a borabmRer madmd,
aid b 0 to be ImpUy booed haft, Balk ad Rom ww egivamnt and egrets m Wom
1. The math dam of 3 0,2010 stall be eaeodod to Novembw 42010.
2. AN odic tmma, wndkium4 end adpuiodoaa ooaiafoed is the efteWdWota adept in the extant
modified hm:k,ball semaio is 5t115otm raid affiwL.
3. Boma m aba11 diwbtmp the iadebw& m! in aeowdaoee with rho tame of the Nate as herein madiEad.
IN WC? 4= WMMF. die Bak and die Boanwar have !!teed thin Aliq OM lC be dnly M=Pj rd ae
of ft dW amdrw fns wdttM Wmaft to kSvW bind mmuaetvmh d Wr ttmpeodvn bats, zed,
aeevaaaSel, mid eedem
S ekS?
Re Vlompraddoat
80
BY
1
900/2000 Sl13d01300-8JOANS Z988LLLOLD Xt13 Ot:t't OtOME
PROMISSORY NOTE MODIFICATION AGM
This MODIFICATION to a NO made entered into as of this,E/_day of e?cC •, 2010 but
effective for all purposes as of-ZZ t Pa 2010 by and between Integrity Bank, (HEREINAFTER
referred to as "Bank') and Richard J. Snyder and Carole B. Snyder.
WITNESSETH:
WHEREAS Borrower executed a Note with the Bank dated Mareb 18, 2008, evidencing a loan in the
principal amount of $310,585.88 (hereinafter referrod to as "NoWl; and
WHEREAS, the maturity date is November 15, 2010 and the Borrower has requested and the Bank has
agreed to modify the terms of the Nom
NOW, THEREFORE, for value received and the mutual covenants and agreements hereinafter contained,
and intending to be legally bound hereby, Bank and Borrower covenant and agrees as follows:
1. The maturity date of November 15, 2010 shall be extended to January 15, 2011.
2. All other terms, conditions, and stipulations contained in the aforesaid Note except to the extent
modified herein shall remain in M force and effect.
3. Borrower shall discharge the indebtedness in accordance with the terms of the Note as herein modified
IN WITNESS WHEREOF, the Bank and the Borrower have caused this Agreement to be duly executed as
of the day and year fast written, intending to legally bind themselves, their respective bows, representatives,
successors, and assigns,
BORR
BY
Richard J. Snyde
BY:
C le B. Snyder
kv
lnte '
c Welty
Regional Vice President
PROMISSORY NOTE MODIFICATION AGREEMENT
This MODIFICATION to a N and entered into as of this ltday of May, 2011 but
effective for all purposes as of 2011 by and between Integrity Bank, (HEREINAFTER
referred to as `Bank" and Richard J. Snyder and Carole B. Snyder.
WITNESSETH:
WHEREAS Borrower executed a Note with the Bank dated March 18, 2008, evidencing a loan in the
principal amount of $310,585.88 (hereinafter referred to as "Note'l; and
WHEREAS, the maturity date is August 1, 2011 and the Borrower has requested and the Bank has agreed
to modify the terms of the Note.
NOW, THEREFORE, for value received and the mutual covenants and agreements hereinafter contained,
and intending to be legally bound hereby, Bank and Borrower covenant and agrees as follows:
1. The maturity date of August 1, 2011 shallbe extended to April 30, 2012.
2. All other terms, conditions, and stipulations contained in the aforesaid Note except to the extent
modified herein shall remain in full force and effect.
3. Borrower shall discharge the indebtedness in accordance with the terms of the Note as herein modified.
IN WITNESS WHEREOF, the Bank and the Borrower have caused this Agreement to be duly executed as
of the day and year fast written, intending to legally bind themselves, their respective heirs, representatives,
successors, and assigns.
+?GL
SteVfi Welty
Regional Vice President
W ess
wi ess
BORROWER
BY: ~.
Richard J. Snyder
BY: 4'-
`r Carole B. Snyder
1
INTEGRITY BANK,
Plaintiff
V.
P ?
fde/?
,,,# ,?,'yt pK
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
No. ?
SNYDER' S ROSE PROJECT, LP,
SNYDER'S HARDWARE, INC.,
RICHARD J. SNYDER, and
CAROLE B. SNYDER
Defendants
: CIVIL ACTION -LAW
NOTICE UNDER PA.R.C.P. NO. 2958.1 OF JUDGMENT
AND EXECUTION THEREON
TO: Snyder's Hardware, Inc.,
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Snyder's Rose Project, LP
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Richard J. Snyder
100 Knipe Lane
Reading, PA 19607-9440
Carole B. Snyder
100 Knipe Lane
Reading, PA 19607-9440
A judgment in the amount of $163,756.17 along with interest from and following June 18,
2012 at the per diem rate of $15.30 until paid in full, plus costs, has been entered against you and i
favor of Integrity Bank, in the above captioned case without any prior notice or hearing based on a
confession of judgment contained in a written agreement or other paper allegedly signed by you. '
sheriff may take your money or other property to pay the judgment at any time after thirty (30) da}
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
being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM THE JUDGMENT
PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS AFTER THE DATE ON WHICH
Y4 t
NOTICE IS SERVED ON YOU OR YOU MAY LOSE YOUR RIGHTS.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO N
HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE
FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP.
CUMBERLAND COUNTY BAR ASSOCIATION
32 South Bedford Street
Carlisle, PA 17013
(717) 249-3166 or (800) 990-9108
McNEES WALLACE & NURICK LLC
Date: July 3, 2012 By -
Nedric L. Nissly, Esquire
Attorney I.D. No. 44233
nnissly@mwn.com
100 Pine Street
P. O. Box 1166
Harrisburg, PA 17108-1166
(717) 232-8000
Attorneys for Integrity Bank
INTEGRITY BANK, IN THE COURT OF COMMON PLEAS
Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA
V. No.
SNYDER' S ROSE PROJECT, LP, c
-
SNYDER'S HARDWARE, INC.,
F
RICHARD J. SNYDER, and
r
CAROLE B. SNYDER --<> urt
Defendants CIVIL ACTION -LAW r -0
3 ?c?, ar
z C-,
CERTIFICATION OF ADDRESSES as
I, Nedric L. Nissly, hereby certify the following addresses for the Defendants as follows:
Snyder's Hardware, Inc.,
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Richard J. Snyder
100 Knipe Lane
Reading, PA 19607-9440
Snyder's Rose Project, LP
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Carole B. Snyder
100 Knipe Lane
Reading, PA 19607-9440
The following address for the Plaintiff is as follows:
Integrity Bank
3314 Market Street, Suite 305
Camp Hill, PA 17011
Date: July 3, 2012
McNEES WALLACE & NURICK LLC
By
Nedric L.
PA Attorney I.D. No. 44233
McNees Wallace & Nurick LLC
100 Pine Street - P.O. Box 1166
Harrisburg, PA 17108-1166
(717) 260-173 1 (Direct Fax)
(717) 232-8000 (Phone)
nnissly@mwn.com
Attorneys for Plaintiff Integrity Bank
",
c?
INTEGRITY BANK, IN THE COURT OF COMMON PLEAS
Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA
SNYDER'S ROSE PROJECT, LP,
SNYDER'S HARDWARE, INC.,
RICHARD J. SNYDER, and
CAROLE B. SNYDER
Defendants
V.
CIVIL ACTION - LAW
AFFIDAVIT OF NON-MILITARY SERVICE
AND LAST-KNOWN ADDRESSES OF
RICHARD J. SNYDER AND CAROLE B. SNYDER
No. I , - N17?? v.
rr
c7 -r
=?
EE: 77 r
COMMONWEALTH OF PENNSYLVANIA :
SS.
DAUPHIN COUNTY
The undersigned, being duly sworn according to law, deposes and says that to the best of
information and belief, Defendants Richard J. Snyder and Carole B. Snyder is not in the Mili
Naval Service of the United States or its Allies, or otherwise within the provisions of the
or
Members Civil Relief Act, f/k/a the Soldier's and Sailor's Civil Relief Act of 1940, 50 U.S.C. Abp.
501, et seq. The Defendants are over eighteen (18) years of age and were last known residing at
Knipe Lane, Reading, PA 19607-9440.
Nedric . Nissly
SWORN and subscribed to before me this%b day
c J y, 2012.
CC 0j '1 i? 0
Notary Public'
My Commission Ex Tres
(SEAL)
INTEGRITY BANK, IN THE COURT OF COMMON PLEAS
Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA
V.
SNYDER'S ROSE PROJECT, LP,
SNYDER'S HARDWARE, INC.,
RICHARD J. SNYDER, and
CAROLE B. SNYDER
Defendants
No. a_g1),s
: CIVIL ACTION -LAW
NOTICE OF ENTRY OF JUDGMENT
($310,000 Loan)
TO: Snyder's Hardware, Inc.,
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Snyder's Rose Project, LP
119 West Lancaster Avenue
Shillington, Pennsylvania 19607
Richard J. Snyder
100 Knipe Lane
Reading, PA 19607-9440
Carole B. Snyder
100 Knipe Lane
Reading, PA 19607-9440
You are hereby notified that on July S, 2012 a judgment by confession was entered
each of you in the above-captioned case in favor of Integrity Bank as follows:
Principal $146,865.06
Interest 1,897.01
Late Fees 45.89
Satisfaction Fees 72.00
Attorney's Fees (10%) 14,876.21
Total: $163,756.17*
*along with interest accruing at the per diem rate of $15.30 from June 18,
2012, until paid in full, plus costs.
C7`
DATE: 72
w
PROTHONOTARY
INTEGRITY BANK, IN THE COURT OF COMMON PLEAS
Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA
V. No. 12-4175
SNYDER'S ROSE PROJECT, LP, :
SNYDER'S HARDWARE, INC., :
RICHARD J. SNYDER
and
,
CAROLE B. SNYDER rrnw C-
Defendants :CIVIL ACTION -LAW r
.)
c=)
,
RETURN OF SERVICE PURSUANT TO C7 -0
' ? t °r
+r `-
PA. R.C.P. No. 2958.1(c)
vim,. •• c-?
Plaintiff, Integrity Bank, hereby files this Return of Service and swears and affirms that her
persons listed below were served pursuant to Pa. R.C.P. No. 2958.1(b) with the Notice of Judgme nt
and Execution Required by Rule 2958.1 by certified mail, return receipt requested , as provided y
Pa. R.C.P. No. 403. A copy of each receipt for certified mail is attached hereto.
TO: Snyder's Hardware, Inc., Richard J. Snyder
119 West Lancaster Avenue 100 Looking Glass Lane
Shillington, Pennsylvania 19607 Reading, PA 19607-9203
Snyder's Rose Project, LP Carole B. Snyder
119 West Lancaster Avenue 100 Looking Glass Lane
Shillington, Pennsylvania 19607 Reading, PA 19607-9203
Respectfully submitted,
Date: July 17, 2012
McNEES WALLACE & NURICK LLC
Y--'?
edric . i , Esquire
Attorney I.D. No. 44233
nnissly@mwn.com
100 Pine Street
P. O. Box 1166
Harrisburg, PA 17108-1166
(717) 237-5357
Attorneys for Integrity Bank
? Agent
? Addressee
O No
-- --------------- ------ .----- 2. Article Number
E 7160 3901 98415 917L ft I
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4. Restricted Delivery? (Extra Fee) Dyes
Carole B. Snyder
100 Looking Glass Lane
3. SOMIN Type CERIFIED IM&M
4. Resided oerterlPr (Orbs Fee)
i 1. Article Addressed to.
Snyder's Hardware, Inc.
119 West Lancaster Avenue
Shillington, PA 19607
Reading, PA 19607-9203 21328-0124
3029
PS Form 3811, January 2005 bomestic Return Receipt 12-t?S
2. Article Number
ti lrteau Print a Daft 'a
o e C 7/1ZI
a
7196 9006 9111 4826 1 5 X? (?? . ?Agenn
p Addressee
Q I YEde address dnnM Imm ? t?
d*.wy address below: pn No
21328-0124
3029
Form 38°11,
Retum
2. Article Mmr?ier^°".'?
7196 9008 9111 4826 9962
3 Service lype CERIIFlED MALL*r
1. Artlde Addressed to:
Richard J. Snyder
100 Looking Glass Lane
Reading, PA 19607-9203
A. t by Meaes pft Cfeariy) S. no d
Addressee
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Eft Mt ?CJ y
21328-0124
3029
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