HomeMy WebLinkAbout13-1212
To: Cumberland Valley Cooperative ~ ~ ~ ~ ~ j ~~
908 Mt. Rods Road ~S~ ~~~ '-_~~~~~~~~
Shippensburg, Pa. 17257 213 MAR _5 ~~ a; ~,
JU~~ENT MOTE ~ 1. G~l1NTY
~~LVaM1A
From: E. Rid~rd Beatty, Jr. $ 83.615.43
Mary M Beatty Date: August 28.2012
101 M~dows Road
Newville, Pa. 17241
Shippensburg, Franklin County, Pennsylvania
FOR VALUE RECEIVED, the undersigned promise to pay to the order of CUMBERLAND
VALLEY COOPERATIVE ASSOCIATION, at 908 Mount Rods Road, Shippenaburg, Franklin County,
Pennsylvania, or at any other place in the Commonwealth of Pennsylvania that any holder of this Note
may designate in writing, the sum of $83,615.43, with interest at 18.0%, from the date written above until
paid, subject to terms of an agn3ement of even date; provided, however, the madce+r or h~ successors
shall not pay more than amounts actualty advanced on account, with interest, by Cumberland Valley
Cooperative Association.
The Maker shall have the right to prepay the principal of this Note in whole or in part prior to its
due date without premium or penalty.
If this Note is placed in an Attorney's hands for collection, or collected by a suit or through a
bankruptcy, probate or other Court proceeding, either before or after maturity, there shall be paid to the
holder of this Noce reasonable Attorney's fees of 15°~, cots and other expenses incun~ed by the holder
in enforring the terms of this Note.
The Halters, signers and endorsers of this Note severally waive, demand, presentment, notice
of dishonor, diligence in collection arxt notice of protest and agree to all extensions and partial payments
before or after maturity, without prejudice to the Holder.
The undersigned certifies that they were advised and understood that they could .have an
attorney examine the said Demand Note and any other documents in oonneatian with the loan prior to
execution.
The undersigned hereby certifies in conned~on with the loan above referred to secured by this
Judgment Note containing a confession of judgmerrt authorizing any atthmey or prothonotary of any
court of record in Pennsylvania or elsewhere to confess judgment against the undersigned: that the loan
for which said Note was given is not a consumer loan; that the income of the undersigned (conjugal
income if both spouses executed the Note) is $10,000.00 or more; that it was orally explained and fully
understood by the undersigned that the execution of a demand Note coMainirlg a confession of
judgment Muse was a waiver of the right to have a prejudgment notice andhearing, the right to have
the burden of proving default on Cumberland VaNey Cooperative Association, the Cnecisor, and the right
to avoid expenses attendant upon opening or striking a txmfessed judgment and that the undersigned
voluntarily executed the said Demand Note with a confession of judgment clause knowing that the
aforesaid rights have been waived and that an execution may be issued on a judgment entered on said
confession against their property.
Seal ~ i~ i ~~ ~,.
Seali~„~ ~ ~,,~_~~~
SWORN TOf11VD SUBSCRI D BEFORE ME
THIS ~~ DAY OF , ~0/?i. ~ p,
~ ~~v i~~r
,8 3~. s ~ ~d ~~'~
c~ ~~~9 ~
~p~rzt At4~l[G(
r
1
E. Richard Beatty, Jr.
Mary M. Beatty
101 Meadows Road
Newville, Pa. 17241
INST]i1S.E~IQT PlIY~T AiGRE]~NT
$83,615.43
Shippensburg, Pennsylvania
August 29, 2012
In installments as hereinafter stated, for value received,
I/we, promise to pay to Cumberland Valley Cooperative
Association, 908 Mt. Rock Road, Shippensburg, Pennsylvania, the
sum of ($83,615.43) with interest on the unpaid principal at the
rate of 10.0 percent per annum-from date hereof until paid in
full. Said principal sum and interest shall be payable in equal
successive monthly installments of $1,200.00 each, commencing on
the 22nd day of September, 2012, and continuing until May 22,
2021, at which time any unpaid balance of principal hereof and
all interest accrued thereon shall be due and payable in full.
All payments shall first be applied to interest due, with the
balance to be applied to principal.
Upon default in payment of any such installments or of
interest when due, or upon failure of the makers to pay for each
purchase on or before the date of their next purchase from
Cumberland Valley Cooperative Association, the whole of the
principal sum then remaining unpaid and all interest accrued
thereon, shall, at the option of the holder hereof, become
immediately due and payable, without .demand notice.
And further, I/We do hereby authorize and empower any
attorney of any court of record of Pennsylvania or elsewhere to
appear for and to enter judgment against us, in favor of any
holder of the Note for the above sum with costs of suit, release
of errors, without stay of execution, and with fifteen (15~)
added as a reasonable attorney's fee, and I/We do hereby waive
and release all benefit and relief from any and all
appraisement, stay or exemption Laws of any state not in force
or hereafter to be passed.
~~i~ /~~ ~ ~ ( SEAL )
,...(~~ ~ . ~ o--~ ( SEAL )
WITNESS:
49e>01 -4111v
VS
e: R144.4 g
Mary ng Bevffy
PRAECIPE
In the Court of Common Pleas of
Cumberland County, Pennsylvania
No. 13-1 Z/ 7.- Civil Term
4-ettly 4./ :-tAtfrierkt
/6I-<kt1e.
David D. Buell, Prothonotary
20
Attorney Info: