HomeMy WebLinkAbout08-09-13 (2) �� �
a- ,
� �:�� ��"J
�--..
Ronald L. Finck, Esquire � ° �� � °�'
�..� �:-� � �7
c� a �:- : e,:�
Sup. Ct. Id. No. 89985 �, ,� ,�...,, ��-, , � ��
Kevin J. Hayes, Esquire � �, f b;; � ;�
Sup. Ct. Id. No. 314338 :,� c�, �-�.-� - � °�:��
�wr..,,,, w ��^
METTE, EVANS & WOODSIDE °' �:.~ � -�� � ��'
� .' �1 4 R
�:"7 �` „_::� -t
3401 North Front Street ��.:� � w p � -
,
P.O. Box 5950 --�� ..-.� c...' _, y,d�
Harrisburg, PA 17110-0959 � ��� ����y �'��
c� °,
Phone: (717) 232-5000
Fax: (717) 236-1816
kjhayes@mette.com
IN RE: : IN THE COURT OF COMMON PLEAS OF
ESTATE OF VASILIKI MALLIOS, : CUMBERLAND COUNTY, PENNSYLVANIA
Deceased : ORPHANS' COURT DIVISION
METRO BANK, f/k/a COMMERCE :
BANK/HARRISBURG,N.A., : NO. 21-10-0790
Petitioner :
v. :
CONSTANTINOS J. MALLIOS and :
NICKOLAS J. MALLIOS, :
Respondents :
PETITION FOR ACCOUNTING
The Petitioner, Metro Bank, formerly known as Commerce Bank/Harrisburg,N.A.
("Metro"), by and through its attorneys, Mette, Evans & Woodside, petitions this Orphans' Court
to issue a Rule to Show Cause directed to Co-executors, Constantinos J. Mallios
("Constantinos") and Nickolas J. Mallios ("Nikolas") (Nickolas and Constantinos shall be
collectively referred to herein as the "Co-Executors"), to show cause why the Co-executors
should not be required to account for their fiduciary activities over the Estate of Vasiliki Mallios,
deceased ("Decedent"). In support of this Petition for Accounting, Metro avers as follows:
}
� j
I. INTRODUCTION
1. As set forth in detail below, Metro is a creditor of the Decedent's Estate.
2. Metro requests an accounting pursuant to 20 Pa. C.S. §3501.1 for actions taken by
the Co-executors with respect to the Decedent's Estate.
3. This Court has previously obtained jurisdiction over the Co-executors.
II. PARTIES
4. The Decedent died on July 27, 2010, a resident of Cumberland County,
Pennsylvania.
5. Metro is a Pennsylvania financial institution organized and existing under the
laws of the Commonwealth of Pennsylvania with a principal place of business at 3 801 Paxton
Street, Harrisburg, Pennsylvania 1711 l.
6. Constantinos is an adult individual residing at 715 Sandbank Road, Mt. Holly
Springs, PA 17065.
7. Nickolas is an adult individual residing at 431 Meeting House Road, Carlisle, PA
�7013.
8. The Co-executors are the natural sons of the Decedent and are the sole residuary
beneficiaries of the Decedent's Estate.
9. The Decedent's Will dated May 22, 2009 was admitted to Probate on August 4,
2010 (the "Will"), and letters testamentary were granted to the Co-executors. A true and correct
copy of the Will is attached hereto as Exhibit"A" and made a part hereof by reference.
2
1 !
III. BACKGROUND FACTS
a. Loan History and Default
10. During her lifetime, Decedent acquired real property located at 224 Heisers Lane,
Carlisle PA 17015 (the "Heisers Lane Property").
11. On September 17, 2002, Metro made a commercial loan to Constantinos, in the
principal amount of$400,000.00 (the "$400k Loan").
12. The $400k Loan is evidenced by a Promissory Note (the "$400k Note"). A true
and correct copy of the $400k Note is attached hereto as Exhibit"B" and made a part hereof by
reference.
13. The Decedent guaranteed Constantinos' $400k Loan pursuant to the terms of a
Commercial Guaranty dated September 17, 2002 (the "Decedent's $400k Guaranty"),
guaranteeing to Metro repayment of the $400k Loan, among other things. A true and correct
copy of the Decedent's $400k Guaranty is attached hereto as Exhibit"C" and made a part hereof
by reference.
14. On December 2, 2004, the Decedent, as mortgagor, executed a mortgage in favor
of Metro, as mortgagee, on the Heisers Lane Property.
15. The December 2, 2004 mortgage was given as additional collateral for the $400k
Loan and was recorded with the Cumberland County Recorder of Deeds on February 18, 2005 at
Book 1897 Page 3075 (the "Third Lien Mortgage"). A true and correct copy of the Third Lien
Mortgage is attached hereto as Exhibit"D" and made a part hereof by reference.
16. Until the events described herein,the Third Lien Mortgage was third in lien
priority to:
(1) a first lien mortgage granted by Decedent in favor of Nationstar Bank in the
original principal amount of$78,000.00, recorded with the Cumberland County
Recorder of Deeds on December 10, 2004 at Book 1890 Page 4548; and
3 �
� /
(2) a second lien mortgage granted by Decedent in favor of M&T Trust Company
in the original principal amount of$100,000.00, recorded with the Cumberland
County Recorder of Deeds on February 9, 2005 at Book 1896 Page 3489.
17. On July 10, 2003, Metro made a second commercial loan to Constantinos, in the
principal amount of$50,000.00 (the "$SOk Loan").
18. The $SOk Loan is evidenced by a Promissory Note (the "$SOk Note"). A true and
correct copy of the $SOk Note is attached hereto as Exhibit"E" and made a part hereof by
reference.
19. The Decedent also guaranteed Constantinos' $SOk Loan pursuant to the terms of a
Commercial Guaranty dated July 10, 2003 (the "Decedent's $SOk Guaranty"), guaranteeing to
Petitioner repayment of the $SOk Loan, among other things. A true and correct copy of the
Decedent's $SOk Guaranty is attached hereto as Exhibit"F" and made a part hereof by reference.
20. On December 2, 2004, the Decedent, as mortgagor, executed a second mortgage
in favor of Metro, as mortgagee, on the Heisers Lane Property.
21. The second December 2, 2004 mortgage was given as additional collateral for
Constantinos' $SOk Loan and constitutes a fourth lien mortgage on the Heisers Lane Property
(the "Fourth Lien Mortgage").
22. The Fourth Lien Mortgage was recorded with the Cumberland County Recorder
of Deeds on February 18, 2005 at Book 1897 Page 3085. A true and correct copy of the Fourth
Lien Mortgage is attached hereto as Exhibit"G" and made a part hereof by reference.
23. Among other things, each of the $400k Guaranty and $SOk Guaranty
(collectively, "Guarantees") contains the following provisions:
• "The indebtedness guaranteed by this Guaranty includes any and all of[Constantinos']
indebtedness to [Metro] and is used in the most comprehensive sense and means and
includes any and all of[Constantinos'] liabilities, obligations, and debts to [Metro], now
existing or hereinafter incurred or created..."
4
f 1
• "This Guaranty shall bind [Decedent'sJ estate as to Indebtedness created both before and
after [Decedent's] death or incapacity, regardless of[Metro's] actual notice of
[Decedent's] death."
• "This Guaranty is binding on [Decedent] and [Decedent's] heirs, successors, and
assigns so long as any of the guaranteed Indebtedness remains unpaid . . . ."
(emphasis in original)
• "(E) [Decedent] has not, and will not, without the prior written consent of[Metro], sell,
lease, assign, encumber, hypothecate, transfer, or otherwise dispose of all or substantially
all of[Decedent's] assets, or any interest therein."
24. The Decedent's death constitutes an"Event of Default," as defined in both the
$400k Note and the $SOk Note(collectively, "Notes"),See attached Exhibits "C" and"F,"p. 2.
25. As of August 8, 2013,the amount due on the $400k Loan is $243,965.76, which
includes a principal balance of$242,805.05, accrued interest in the amount of$625.59, and late
fees and other charges in the amount of$535.12. Additional interest, late fees, and attorneys'
fees continue to accrue.
26. As of August 8, 2013, the amount due on the $SOk Loan is $22,145.62, which
includes a principal balance of$21,920.55, accrued interest in the amount of$99.31, and late
fees and other charges in the amount of$125.76. Additional interest, late fees, and attorneys'
fees continue to accrue.
27. At all times relevant hereto, Co-executors had actual and/or constructive
knowledge of Decedent's status as a guarantor of the $400k Loan and the $SOk Loan, the
Decedent's Estate's continuing obligations under the Guarantees, and the existence of the Third
Lien Mortgage, and the existence of the Fourth Lien Mortgage on the Heisers Lane Property.
b. Administration of Estate—Potential Sale of the Heisers Lane Property
28. The Decedent died owning the Heisexs Lane Property.
29. It is believed and therefore averred that the Co-executors failed to file an
inventory of the Decedent's assets as required by 20 Pa. C.S. §3301(c). However, it is further
5
F 1
believed and therefore averred that the Heisers Lane Property was the only real estate owned by
the Decedent at the time of her death.
30. The Co-executors listed the estimated value of all real property owned by
Decedent at $350,000.00 on their Petition for Probate and Grant of Letters.
31. On November 6, 2011, Constantinos, in his capacity as Co-executor of the
Decedent's Estate, entered into an Agreement of Sale (the "Agreement of Sale") for the sale of
. the Heisers Lane Property to Devoe W. Green and Barbara L. Messner (collectively, "Buyers").
A true and correct copy of the Agreement of Sale is attached hereto as Exhibit"H" and made a
part hereof by reference.
32. The November 6, 2011 Agreement of Sale states that the Buyers would pay a
deposit of$25,000, would begin making lease payments on January 1, 2012, and that closing
would occur when the Buyers have sold their previous residence, but no later than December 31,
2012.
33. On November 14, 2011, Buyers made a$5,000.00 payment to the Estate, and on
December 14, 2011, Buyers made a$20,000.00 payment to the Estate as required by the
Agreement of Sale (collectively, the "25k Deposit").
34. It is believed and therefore averred that the $25k Deposit was used to make
improvements to the Heisers Lane Property.
35. On October 22, 2012, Buyers and Nickolas, in his capacity as a Co-executor of
the Decedent's Estate, entered into an Addendum to Agreement of Sale, making the sale of the
Heisers Lane Property contingent on the Buyers' sale of their previous residence on or before
December 22, 2013. A true and correct copy of the Addendum to the Agreement of Sale is
attached hereto as Exhibit "I" and made a part hereof by reference.
6
F 1
' 36. Despite having entered into the November 6, 2011 Agreement of Sale with the
Buyers, on January 25, 2013, the Co-executors deeded the Heisers Lane Property from the Estate
to themselves in their individual capacities by way of an Indenture, recorded with the
Cumberland County Recorder of Deeds on February 5, 2013 as Instrument Number 201304016
(the"Indenture"). A true and correct copy of the Indenture is attached hereto as Exhibit"J" and
made a part hereof by reference.
37. The recited consideration for the transfer of the Heisers Lane Property to the Co-
executors, in their individual capacities, was $1.00.
38. Section 3356 of the PEF Code provides: "The personal representative, in his
individual capacity, may bid for, purchase,take a mortgage on, lease, or take by exchange, real
or personal property belonging to the estate, subject, however, to the approval of the court . . . ."
20 Pa.C.S. § 3356 (emphasis added).
39. It is believed and therefore averred that the Co-executors failed to seek prior
judicial approval before deeding the Heisers Lane Property to themselves, in their individual
capacities.
40. Additionally, the Co-executors and Buyers entered into an Agreement of Sale
Release and Distribution of Deposit Money on April 30, 2013 and an Addendum to Agreement
of Sale and Agreement to Release Funds in May of 2013 (collectively referred to as the
"Distribution Agreements"). True and correct copies of the Distribution Agreements are
attached hereto as Exhibits "K" and"L"respectively and are made a part hereof by reference.
41. The Distribution Agreements provide for payment by Buyers of a non-refundable
deposit of$100,000.00 ("$l 00k Deposit" and,together with the $25k Deposit, the
"Downpayment")to the Decedent's Estate, and authorize the Co-executors' distribution of this
7
, �
Downpayment to creditors of the Estate as follows: Nationstar Bank, $43,672.00; Integrity Bank,
$27,500.00; and Susquehanna Bank $29,000.00.
42. The Co-executors signed the Distribution Agreements on behalf of the Estate,
even though they had previously deeded the Heisers Lane Property to themselves individually,
appaxently intending to use proceeds of the sale of the Heisers Lane Property to the Buyers to
satisfy the claims of certain creditors against the Estate, not including Metro.
43. It is believed and therefore averred that the Co-executors made the payments
contemplated by the Distribution Agreements to Nationstar, Integrity, and Susquehanna Banks.
44. At the time the above-referenced payments were made, Susquehanna Bank held a
fifth lien mortgage on the Heisers Lane Property, recorded with the Cumberland County
Recorder of Deeds on February 8, 2013 as Instrument No. 201304375, and Integrity Bank had no
: security interest in the Heisers Lane Property whatsoever.
45. Of the creditors who are believed to have received payments from the proceeds of
the Downpayment, only Nationstar Bank held a security interest in the Heisers Lane Property
that was senior in priority to Metro's Third Lien Mortgage and Fourth Lien Mortgage described
above.
46. As a result of using the entirety of the Dov�mpayment for improvements to the
Heisers Lane Property and for the payments contemplated by the Distribution Agreements, it is
believed and therefore averred that the Co-Executors are unable to deliver clear title for the
Heisers Lane Property to the Buyers.
47. It is believed and therefore averred that the Co-executors may have jeopardized
the Decedent's Estate's ability to satisfy Metro's claims against the Decedent's Estate.
8
r �
c. Administration of Estate—Issues with Inheritance Tax Return
48. Counsel for the Estate filed the Estate's Inheritance Tax Return on behalf of the
Co-executors on October 27, 2011. The Inheritance Tax Return has already been filed with the
Court and is made a part hereof by reference.
49. The Inheritance T�Return lists the net value of the Estate at$130,549.74, with a
corresponding tax of$5,874.74.
50. The Inheritance Tax Return lists the value of any real estate held by the Decedent
at her date of death as $0.00.
51. However, the Inheritance Tax Return also lists, in Schedule A,the Heisers Lane
Property, along with the notation: "Suspended pending sale of real estate."
52. The Inheritance Tax Return further lists in Schedule D: "Mortgage on 224 Heisers
Lane, suspended pending sale of real estate."
53. As noted above, the Co-executors had previously listed the estimated value of all
real property owned by Decedent at $350,000.00 in their Petition for Probate and Grant of
Letters, and had entered into the Agreement of Sale�with the Buyers for sale of the Heisers Lane
Property for the purchase price of$325,000.00.
54. On April 23, 2012, the Pennsylvania Department of Revenue (the "Department")
issued a Notice of Inheritance Tax, changing the value of the real estate on the Inheritance Tax
{
Return to $526,875.00. The Apri123, 2012 Notice of Inheritance Tax has already been filed with
this Court and is incorporated herein by reference.
55. It is believed that the Department's $526,875.00 valuation was based on
Cumberland County property tax assessment records.
56. The Department's April 23, 2012 Notice incorrectly lists the value of debts and
mortgages on the Heisers Lane Property as $459.00.
9
Y �
57. The Department's Apri123, 2012 Notice of Inheritance Tax imposed on the Estate
an inheritance tax in the amount of$29,584.11.
58. It is believed, and therefore averred, that Co-executors never challenged or
appealed the Department's Apri123, 2012 Notice of Inheritance Tax.
59. Co-executors knew or should have known that there were mortgages on the
Heisers Lane Property at the time of the Decedent's death that reduced the net value of the
Heisers Lane Property for inheritance tax purposes and that these mortgages were not listed in
the Department's April 23, 2012 Notice of Inheritance Tax or on the Co-executors' Inheritance
Tax Return. �
60. It is believed and therefore averred that the Co-executors' failure to file an
accurate and complete Inheritance Tax Return and failure to appeal the Department's Apri123,
2011 Notice of Inheritance Tax resulted in the unnecessary imposition of an additional
$24,440.99 in inheritance taxes due, plus continuing interest and penalties, to the detriment of the
Estate's creditors, including Metro.
61. It is further believed and therefore averred that the Co-executors have failed to
pay the inheritance taxes due, which have therefore subjected the Estate to additional interest and
penalties.
d. Administration of Estate—Unauthorized $Z0,000 payment
62. In addition to the foregoing, it is believed and therefore averred that the Co-
executors made a payment in the amount of$20,000.00 to the Decedent's granddaughter,
Vasiliki Mallios, as evidenced by a Release filed with this Court on October 16, 2012.
63. It is believed and therefore averred that the said $20,000.00 payment to Vasiliki
Mallios was made without prior Court approval and in violation of existing Pennsylvania law,
10
► �
which requires the payment of all creditors of a decedent's estate before distribution of estate
assets to beneficiaries.
IV. PRAYER FOR RELIEF
64. Metro has a claim against the Estate for all amounts due on the Loans under the
Notes and Guarantees.
65. It is believed and therefore averred that the Co-executors have breached their
duties as set forth in the PEF Code and have engaged in self-dealing, to the detriment of Metro.
66. The Co-executors have breached their fiduciary duties to faithfully and efficiently
administer Decedent's Estate.
67. It is believed and therefore averred that the actions taken by the Co-executors
described above have resulted in substantial loss to Decedent's Estate, which will likely have an
adverse impact on Metro's interests as a creditor of the Estate.
68. A formal accounting is necessary to enable Metro to verify the activities taken by
Co-executors since their appointment and to take necessary steps to protect their interests as a
creditor of the Decedent's Estate.
69. To the best of the Petitioner's knowledge, the Co-executors have not previously
filed a formal accounting of their fiduciary activities in this Estate.
WHEREFORE, Metro requests that this Honorable Court issue a Rule to Show Cause on
the Co-executors to show cause, if any they may have, why they should not be required to file a
complete and accurate accounting of their fiduciary activities with respect to the Decedent's
Estate and to thereafter issue Decree on the Co-executors, directing the Co-executors to file a
complete and accurate account of all actions taken by them in connection with their
administration of the Decedent's Estate from the date of their appointment on August 4, 2010
until present.
11
Respectfully submitted,
METTE, EVANS & WOODSIDE
B . -d -°�.,�
y
Ronald L. Finck, Esquire
Sup. Ct. I.D. No. PA 89985
Kevin J. Hayes, Esquire
Sup. Ct. Id. No. 314338
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
Attorneys for Petitioner,
Metro Bank,f/k/a Commerce Bank/Harrisburg N.A.
Date: August 9, 2013
�
;
;
12
t
� �
, , . -
LAST WILL AND TFSTAMENT
OF
VASILIHI MAGLIOS
I,VASILIKI MALLIOS,also known as VIKI MAI.,LIOS,widow,of South
Middleton Township(mailing address:224 Heisers Lane,Carlisle,PA 17015),
Cumber)and County,Pennsylvania,being of sound and disposing mind,memory and
understanding,do hereby make,publish and declare this as and for my Last Will and
Testament hereby revoking and making void any and all Wills by me at any time
heretofore made.
1. I direct my hereinafter-named Executors to pay all of my just debts and
funeral expenses as soon after my death as may be found convenient to do so.
2. I direct that all inheritance, transfer, successian, estate and death taxes,
including interest and penalties thereon, which may be payahle on account of my death
shall be payable from the residue of my estate regardless of whether the assets upon
which such taxes are based are included in my probate estate.
3. I give and beyueath the sum of $20,000.00 to each of my four
grandchildren who are MATHEW N. MALLIOS, son of Nicholas J. Mallios; SIA ;
MALLIOS and JOAIVNA MALLTOS who are the two daughters of my son,Constantinos
J Mallios; and VASILIKI MALLIOS who is the daughter of my son, DEMERTIOS I,
MALLIOS.
Should any of said grandchildren predecease me, I direct the share such
grandchild would havc received shall pass to such of his or her issue as shall survive me,
their heirs and assigns,per stirpes,and if there be no such issue,the same shalt(apse and
be added to the reside of my estate. '
�
4. 1 give and beyueath the sum of $5,000.00 to my great granddaughter �
SOPHIA NICOLE MALLIOS,who is the daughter of my grandson Mathew N.Mallios.
� Should she fail to survive me,I direct that the amount she would have received shall pass I
� to such of her issue as shall survive me,their heirs and assigns,per stirpes,and if there be
j no such issue,the same shall lapse and be added to the reside of my estate.
5. A11 of the rest, residue and remainder of my estate, real, personal and i
' mixed, and wheresoever the samc may be situate, 1 give, devise and bequeath in equal �
shares to my two sons, NICHOLAS J. MALLIOS and CONSTANTIN�S J. MALLIOS, I
their heirs and assigns, but should either of them fail to survive me, then 1 direct the '
� amount which each of them would have received shall pass to such of his issue as shall I
surv�ve me,the�r heirs and assigns,per stirpes,
�
i
6. I hereby nominate, constitute and appoint my son, MCHOLAS J.
MALLIOS and my son CONSTANTINOS J. MALLIOS, and the survivor of them, as !
Executors of this my Last Wilt and Testament,and I direct that neither of them shall be
� required to post any bond to secure the faithful performance•of his duties in the
Commonwealth of Pennsylvania or in any other jurisdiction.
7. Should any person less than 21 years of age be entitled to distribution from
my estate, I appoint the parents of such person as Guardians of the estate of such person
i and authorize such Guardians to receive and to invest the same, and to pay the income
i arising therefrom at least annually,together with so much of the principa! thereof as in
the opinion of the Guardians is necessary or desirable to be expended for the proper
�
maintenance,education and support of such person, and upon such person attaining 21
'; years of age to pay to him or her the then remaining principal together with any
undistributed ineome. Should any Guardian decline to serve or cease serving as such, I
then in that event I nominate, constitute and appoint my Executors or their sur�v�vors as �,
alternate or successor Guardians. �c� � �-
� , ,� ,�:;� � : •;
y� �� �!// ..� �'r (,I , "i:1
� /�„t ::�fil " )
� �/(��f ..•-(./)� 'r' �, .:..�
''�,7 Y? �" � -1
Page!of 3 ...,�:j �: . ;_,� �i
-��=-1 ;� .:.r'n �
!
' Cr� •''�'� ;
( �
�
i
f 1
'7, ln addition to the powers conferred by law, the above named Executors
and Guardians of the estate of any person less than 21 years of age entitled to
distribution,and their successors,are empawered:
a. To invest any part of the trust corpus in such securities,
investments, or other property as rnay be deemed advisable and proper, irrespective of
whether the same are authorized for the investment of trust funds under the laws of any
governing jurisdiction,
b. With respect to any corporarion, the stocks, bonds, or other
securities of which may be held,to vote in person or by proxy on any shares of stock;to
consent to the merger,consolidation or reorganization of such corporations;to consent to
the leasing, mortgaging or sale of the property of any such carporations; to make any
surrender, exchange or substitution of such stocks, b�nds or other securities as an
incident to the merger, consolidation or reorganization of such corporations; to pay all
assessments, subscriptions and other sums of money which may be deemed wise and
expedient for the protection and maintenance of the proportianate interest of the
investment in such corporations; to exercise any option or privilege which may be
conferred upon the holders of such stocks,bonds,or other securities of such corporations '
either for the conversion of the same into other securities or for the purchase of additiona!
securities, and to make any and all necessary payments which may be reyuired in
connection therewith;and generally to have and exercise as to al1 such stocks,bonds and
other securities,the powers of an individual owner who is not under trust obligation.
c. To hold the trust corpus in one or more consolidated funds in
which separate shares shall have undivided interests.
,
d. To sell at public or private sale for cash or upon credit, or partly
for cash and partly on credit, and upon such terms and conditions as shall be deemed
proper,any part or parts of the estate,and no purchaser at any such sale shall be bound to
inquire into the expediency or propriety of any such sale or to see to the application of the
purchase moneys arising therefrom.
e. To keep on hand and uninvested such money as may be deemed
proper and for such period as may be found expedient.
f, To compromise,settle or arbitrate any claim or demand in favor of
or against the trust estate.
g. And authorized in the discharge of �duciary duties, to employ
counsel and to determine and to pay such counsel reasonabie compensation which shall
be charged against the principal or income of the trust fund,and shalt further be entitled
to charge against the principal or income such other reasonable expenses and charges as
may be necessary and proper to incur for the proper discharge of�duciary duties and for
the proper management and administration of the trust estate.
h. [n making any division of property into shares for the purpose of
any distributi4n thereof directed by the provisions of the trust,to make such division or
distribution, either in cash or in kind, or partly in cash and partly in kind, as shall be
deemed most expedient,and in making any division or distribution in kind may allot any
specific security or property or any undivided interest therein to any one or more of such '
shares, and to that end msy appraise any or all of the property so to be allotted and the I
judgment as to the propriety of such aliotment and as to the relative value for purposes of !
distribution of the securities or property so allotted shall be final and conclusive upon all
persons interested in the trust or in the division or distribution thereof. '
i. And authorized to register any shares of stock or other assets of
any trust in their own names or in the name of a nominee.
j. To retain and invest in shares of stock of my Trustee. �
I
k. To retain any investments including mutual funds which [ may �
own at the time f my death and in ad iti,on to invest any part of the Trust corpus in such �
�� "'�f � Page 2 of 3
i
i
i
�
A 4 • �
mutuai fund or mutual funds as rnay be deemed advisable or proper, irrespective of
whether the same are authorized for the investment of trust funds under the laws of any
governing jurisdiction.
l. To determine from time to time whether all or some portion of
realized capital gains shall be treated as ordinary income for distribution to a beneficiary
or treated as principal to be retained as part of the corpus,and such designation need not
be consistent from one year to another.
IN WITNESS WHEREOF,I have hereunto set my hand and seal to this my Last
Will and Testament written on three(3)pages,this:z.�,•r�lay of May,2009.
1
' ` ` ` �
� r � � (SEAL)
VASILIKI LLIOS
� ,
c
� l/ (SEAL) �
Also known as VIKI MALLIOS
I
I
Signed, seafed, published, and declared by VASILIKI MALLIOS, also know as
VIK] MALLIOS,the Testatrix above named,as and for her Last Wi11 and Testament,in
our presence,who,in her presence,at her request,and in the presence of each other,have
hereunto subscribed our names as attesting witnesses.
: ,�- � I
���`'"` '�' i
i
� � �
�
�
,
�
�
�
�
i
�
�
i
�
I
�
►
i
�
,
Page 3 of 3 i
. j
i
T W
�'---��'�z.�-�- _—_
• �.
� +,� ^ �� � Pfi�OMiS�t3RY NaTE � � : .
�i :t:}:sr: . ::v.a}.•Fti:tqsr�:v«:•.••.•« ::i.}•r.etse,. • � .»_..
i••t'Y' .l. S'V{•Y.t«' ...L'{ � .A'ASY.LA�.51':•1Y\�tVr'n..i�ll .f..�. ..41ti••�\••,t�.l.lVy•(Y1..::.:�.:::�1•:G;s.�:�.•'y'.'�.SZ{li'!�'.ti� lSt..:.......:fi:ti..Ah•.:���Th Y' h}�A t S •S:A`
�S5'y.{�.E �y r.k�; 'ti�• �i.� 'i� �s } �—�} p...ti v ..l °{'..,: asfi..r t r � x�
� 1 Y 4 ny V':•.x.. "''�LtiCR t •:'SS:�tSlttL•c• ,�y �}.y�}h. •'St::(i �Y. ��.A.�......T.l...C�:� :.5...�.".R.' l.� ..W'�A
:}:��rk1 �l:�.��� ���4f}iMf.� ��?� i:^• � «:. »,�. •.�If'.�'��Z•1;r.t� ,y x [^tic..:::. �t:rs:a:::s. �:t�:a?i: .r.{..s
ti1 n vr t. s�. c k;�1: �r•L'{•�•:�n. •.ks.: .�3't�.s t::._r?:':. � fr�a as� ayxctiv :��n. �,' .�...... .� n. .s
' .. :... �A �'
, ' �.] $, .
•1."�'.�oh. +f:t}•r. t �{� +�! R
. _
1. Y7.. •:•b4t•is� hl:
� �� ..A:��C� .. �t. �::�1{�:��.�raS ���: �y.'M.��tt1't:Yk�f �:��{J:_"._.J....S.1•S•y��...XA.:S..�Tr..........:7•f�T LY�. _ ..1.'.�P...�E.l� .i ��. :Af :•L%
"N.^.C`••:YSS.. .� � 5_ � �� vx •,r ��{. ��tA: �.t�t
�a.::.t� #� �a� �,-}?�::� :g ,t,-,'»R?•• ti v, �3::�sr }�,�i� j s:a:a�:.s:}::x»}ri3�?'r'::a;?'+a'•:"•:.;'::'::ti.Ts�;Sif��' xti�rsri{�w'Lrx;zsr t{i�m.;s.,;}jnv,b }xus: .a:�.?. �:.
"; . ',i�. . .. . •
z' .-.x:• °t •,r..}� {t�;itr r:a�xa �},���q varl�xar.w. ...t cs%:s..L�....�;.�+,.r:�}'•{?R.s�,;�,a:�;..�rtrrtiv s+�+.�.�:���•�i°v�:s i' '}.{h::�
il�...�4.�i�„�? .:i!���.�.iE: 'ii:i{iv5x x. �{� '«�:� .t� :::$:^�:bs „'w..cc.cic.. - :ii:}Ti:;{r r'}n�•..7.�xx:: :.c:'1'=':-s�.r.. .a„;ti!:iia°^ra7»�?. .nr.�„r»
. ��� ..i .�-.���' .' • .::�... % . 3+�.. ::=''' .��i��`:Yi!+��' t. ..» s � �.s«....
. .«........
. . ........,. ...».. ..... ...r».;....R5. _ R��T.'.Y. � 'tl.M«SSS K.s'v:vrzr�icv.rnr.rass.tid a:r rr.v.zrns41r..it?ir.:.:n+xx:•ran w;5:--;:c:ri•:?uxte....t,`.�. i?Ta^?.v ti
References in#he shaded area are for Lender's use aniy and do not limit the applicabfiity of thfs document to any particular loan.or item, '''�� . '`��:'
Any item above ccmtaining"••*"has been omit#ed due ta te�ct length tlmitations. � - .
: Borrower: Constantinos J.Mallivs(SSN: �91-42-ssss) � Lender, COMMEACE BANK/HARRISBURG�l.A. .
715 Sandbank Road CaMMERCIAL MQRTGAGE QEPARTMENT
Mt,Holiy Springs,F'A i7D65 10A SENATE AVENUE: .
" • � CAtVfF HtLL,�A 17011
. . (7i 7j 97�a-5fi30
. Principal Amount: $400,000:00 � •� Date of Note: September 17, 2002
RRt}MtSE TO PAY. Canstan#Erias 3.Mattios("Barrower"}pram#ses to�pay to CC7MMERCE RANKMARRISBClRG N.A. ("�.ender"�, or�t�rder, tn
lawful money c�f the United'States of America,the principal amounk of Faur Ftundred Thousand•.&'00/100 Dollars($400,000.00),tagether witt�
Ent�rest on tfie unpald princlpal balance from September i7,2{}02,unfit paid�n fuit> �
PAYMEN7`. Subjec!to any payment ehanges resulting from changes in the Ind'ex,Borrower wilf pay this loan in accardance with the faUowing
paymen#schedule: '36�monthly aonsecuttve pt,�nclpat and lnteresi payments in the Initlal amc�unt of�3,242,84 eachy bByitlCtlll�OCtobBr 17�
2002,wlth intere's#caiculated on the unpald principal balances at an�interest rat�of 7.5q0%�per annum;2p3 monthly�conseautive principal and
lnteres#papments!n the 1nttEal arnount of$2,927.3G each,beginnir�g October 17,2Da5,wlth interes#calcutated an the unpa3d,prtttclpal balances
at art int�r�.st rate hased on the�Prime Rate as publEshed tn the Money Rat�Secflon ai the Watl 5treet Journai. If a range ci ra#es ts pubiished, '
the,highest will be.used...(currently 4.750%),plus a rr�argin of 1.000 peraentage potnts;�adjusted if nec�ssary for the minimurn and maucimum
rate'I��t3tativns for ttiis loan,resulting lrt an En1t�a!interes#ra#e of B.00Q°la;and ane principai and Interest payment�of$2,329.Q8 on�September
17,�2022,with interest calculated on the unpaid principal.balances at an interest rate based an the Prlme Rate as pubtished in the Money Rata
Sec#ion af the Wali Street Jaurnat. •Ef a range of rates !s publlshed,#he htghest wi!! t�e used..(cut�r�ntly 4.75Q%), plus a.margln of 1:000
, percentage pofnts;adjusted 1f`necessary far�#he min�mum and mautimum rate timt#atio»s far this laan, result3ng In an initlal interest r�te of
6.pQ09'a.This estlma#ed final payment is basc�ci on the assumptfan that•a!i p�yrnents wNl be made exactly as schedyled and that the lndex does
not�ctsangef.the actuat final payment�wtll ba for a!!pr�ncipat and accrued In#erest not yet paid,together wlih any�other unpald amounts.under
this Not�.•Unless othennrise'agr�ed or required by appticabfe Iaw;.payments will be applfed first to accrued unpaid Mteres#,ther�to prtncipal,
• and any rernaining amount to any unpald coJlectlon costs and laie charges. The annuat tnterest.rate#or tMs Na#e is computed�on a 365l360
` basis; that is, by. applyfn� the rafio of the annual tnterest rate over a year of 36� days, mutflptied by the outstanding princtpat batance,
mulfiipiled by the actuai.r�umber ot days the principai balanca Is outstanding. Borrawer wlll pay Lender at Lender's address shown above or at
such other plac�as�ender may designate 3n writing.
VARIABLE lNTEpEST RAT�.' 7he lnter.est rate an thfs Note Is subject to change from time to time based on changes�in an independent index whfch
is'the t�rime.Rate as�published In tf►e Money R�te Section of the 1Neii Street Jocrrnal. li a range of ratss is pu6f�stted,the highes#will be used.{#he
"lndex"). The Index,is,not necessarily,the lowest rate chargeci by Lender an its laans. If th�,Index becomes unavailable during the.term af this laan,
l.endar rriay designa#a`a substitute index after no#ice to Sorrower. Lender w�l ta#t Sorr4wer the current Index rate e�poi� Bor�ower's request� The
iriterest rate change wil!not oocur mare often than each day. Borrawer understands thet Lender may make loans based on other�ates�as well.. The -
lndex�currently fs 4,750"10 per annum. The lnterest rate ar rates.to be applfed to the unpaid princlpal balance�of thls Note wili be the rate or
rates�set fat-ttt'hereln in the"Paym�nt"secfian: Kotwtthst�ncfing any other prov3slon crf th�s Na#e,after the tirst payment stream,#he 3nte�est
• rate for each subsequ�nt.�payment stream wili be effective as nf the iast payment date at the just-ending payrnent stream, Notwlthstandfng
the foregoing,�tt�e:varlabl�Interest:rate �r rates provided for in thEs No#e wilt be sub�ect to the foitawing rninimum�and maxtmum•ra#es.�
NOTiCE: Under no olrcumstances wiit the interest rate an this Note be less than 6.0�0%per annum ar,mare than the m�ucimurn rate allowed by
appllcatiJe law.;Whenevsr�ina�eases.vccur!n the interest rate,.Lender,at its op�an,may.do one ar more of�the folfowing:�(A) increase Bonower's
payrn�its tia.ens�ire:Bartt�wer.'s,loan w111 pay a#�by Its origln�il€in�l rnaturity date, {B} lncrease.Barrower's.payments to cover accruing intecest,.(C}
Increas�the number.of�Borrower's payments,and'(D) Goniinue Borrawer's payme�nts at the same amount�nd inqrease Borrower's flnal payment: .
.��. . .. . . . . . . . ,
PREPAYM�NT PENAL7'1`.. Barrowar agrees tttat al!laan#ees and other.prepald tinance charges ara eamed fully as of�re date of�r�laan and w11E nat
�be subJ.�t ta refund upbn early payment(whether.voluntary or as a result of.d'efault),,except as otherwise required by law, Upan prepayment of this
Note,'`Le�der�s ent3tled tcs#he fo(lowing'�Tepayi»ent penaltyc Prepayment oi any amaunt ot the principal sum sha11 Da subJeci ta a penatty
charge af 3%durtng the fir�#year of amQrtiza#ion and de�lining f%per year there,�fter to par.. Except far the foregoing,•Bo�rower may pay ail
_ or a por•tian�cf.the.amount owed earlfer.than It Is�due. Early payrnents will nat,vnless agreed to by Lender ln w�i�ng,retieve Borrawer of Borrowers
obiigatior�ta c�n�nue to make pay+nents•�undert�.payment schedul�..Rathsr,early pa�rrten�s wilE reduce the principal balanca dua.and may result in (
Borrawer's making few�r"payrnents. �Borrawer a�rees nat to send.L'ender payments marked"paid•in fuil", "without recaurse",ar sirnllar language.,If �
B�rrawer sends such a payment,Lender may accept it without=losing any of Lender's ri�h#s under this Note,and Borrower wIl!rema�abiigeted to pay �
any furtFier amount owad to Lender. Ail wrltfen c.rammunicafions conceming dfsputed amounts, inctuciing any check or ather p�yinent instrument tfiat �
lndicates thet the paymeni constltutes"paymeRt!n full"afi the emount owed or tha#is tendered with ather cpndltians or timltatians or as full sallsfaation
of a disputed amount��tnusf 6e mal}ec# ar ciet}vered ta: COMMERCE BANKINARRISBURG N.A., GC}Iv1MERGIAL tv}aRTGAGE DEPARTMENT, f�
SENATE AVENU�;CAMP HILL,PA 17011. �
LATE CHARGE. If a payment is 15 days or more Iate,Botrower will be charged 5.000%af the regut�r}y scheduled payment.
lNTEfi�EST�AFfER�DEFAULT. Upan default,lncluding failure to pay upon fina!maturiry,the tata!sum due under this Note wil)bear lnterest from.the
date of accelerefian or maturity at the variable ir�terest rate on this Note. Tt�e lnterest rate wl(!not exceed the rrr�irnttrta rate perrnitted by appltoabie iaw.
bEFAU1.T. Each af the foilowin�shall constitute an event of default�"�vent of Default")under this Note: '
Paymen.t Default, 8orrower feils to make any payment when due undar thfs Note.
C�thet. t3e#autts. Borr�wer#alfs to comp}y with or#o perforrrt any other term,obflgaf�n,covenani or cc�rrdltir�n contained irt this Note or In any o� �
the related documants ar to comply wiifi or to perform any term, obligation, covenant or condition cpnta(ned in any other agreement beiween
t..ender and Sorrower. I
. ;
Clefauit in Favor af Third Parties. Barrower ar any Grantor detaults under any foan, extension of credit, securiiy agreemenf,purchase or sales
agreament,or any other agraement,'in(avor ot any other credltor or person#hat may materfally affect any of Bc�rrower's propsrty or-Rorr�wer's
abiDty to repay this Note or perf�rm Borrower's obligations under this Nate or a�y of fhe reiafed documents. ,
False S#atemen#s. Any wa�ranty,represertta#ioci or staterrtent macfe�r fumished io l.endet by Borrawer or on 8orrower`s behalf undef tFtEs Note
ar the related documents Is false or m(sieading in any materiaf respect,either nraw or at the time made or fumished�r becom�s false or mEsieading
at any time thereafter. � �
Death or insotvency. The death of Rarrower or the dissalution or termination af Barrower`s existence as a going business, the insolvency af �
� i
, ' f —
� � PROMISSORY NOTE
. (C�i��i�Ued� Page 2
Borrower, the appointment of a recefver for any part of Borrower's property, any assignment for the benefit of credito�s, any rype of creditor .
workout,or#he commencement of any proceeding under any bankruptcy or lnso)vency laws by or against Borrower. ,
Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture praceedings, whether by judicial proceeding, self-help,
repossession or any�other method, by any credfior of Borrower or by any governmental agency against any collateral securing the loan. This
includes a gamishment of any of Borrowers accounts,fncluding deposlt accounts,with Lender. However,this Event of Default shall not apply if
� utiere is s goad faith dispute by 8arrowar es ta the vaiidity ar reasonablenass af the claim which is the basis of the creditor or forfeiture proceetiing
and 'rf Barrower gives l.ender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for.the
creditor or forFeiture proceeding,in an amount determined by Lerider,in its sole'discretion,as being an adequate reserve or bond for the dlsputa.
Even�s Affecfing Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the indebfedness or any Guarantor dies
� or becomes incompetent,or revokes or disputes the validity of,or fiabifity under,any guaranty of the indebtedness evfdenced by this Note. in the
event of a death, Lender,at its opdon,may,but shall not be required ta,permft the Guarantor's estate to assume unconditionally the obfigations
iarising under the guaranty in a manner satisfactory to Lender,and,in doing so,cure any Event of Default
Adverse Change: A matertai advarse change occurs in Borrower's financial condition, ar Lender believes the prospect of payment or
; perforrrTance of this Note is impaired. ' .
insecurtty. Lender in good faith befieves itseif insecure.
; .
• Cure Provisfons. If any default,other than a default in payment fs curable and if Borrower has not bAen gfven a notice oF a breach of the same
; provision of this Note within'tha precedirig twelve (12) months, it may be curad (and no event of default wih have occurred) 'rf Banower, after
� receiving written notice.from L.ender demanding cure of such default (1) •cures the default within fifteen(15)days;or (2j lf the cure requfres
more than fifteen (15} days�immedfately lnitfates steps•whfch Lender deems in Lender's sole discretion to be•sufflclent to cure the default and
� tt�ereafter cont�ues and completes all reasonabie and necessary s#eps sufficient to produce�comp(iance es soon es reasonably practical.
' LENDER'S RIGHTS: Upan default,Lender may,after giving�such notices�as reqUlred.�by app(lcable law,deciare the entire unpaid princfpal balance on
� this Note and all accrued unpald interest imcnediately dtie;�and then,Borrower wili pay that amount. '
j ATTORNEYS'FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay. BoROwer w(II pay Lender
i thet amount. This inaludes,subject to any Ifmlts�under eppffoable�1aw,Lender's attomeys'fees,and Lendet's legal expenses,whether or not there is a
i lawsuit, including attorneys' fees, expenses for bankruptcy proceedings {in�lutling effoits�to inoiiify or vacate ariy automafic stay or injunction), and
appeals. If�not prohibited by appiicabfe law,Borrower also will pay any court costs,in additian to�ali other sums.provided by law.
GOVERI�!!NG LA1Al. Thfs Note will:be governed by,construed and enforced in accardance wlth federal law and the laws of the Commonwealth
of Pennsylvania.•This Note has been accepted•by Lender in the.Commonweaith of.�l�ennsyi.vania, .�• . . � ;
i , � . . : I
� RIGHT oF SETOFF. To the extent permitted by applicable�aw, Lender reserves a r�ght of setoff in all BoROwer's accounts with Lender(whether �
checking,savings,or some other�account). 7his includes all aacpunts Borrower hokis joinUy.with someone�else and all account�Barrower may.open tn
I the future. However,thls.does not fnciude any IRA or Keogh.accounts,or any.trust accounts for�which.setoff would be..prahibited by law. Borrower
I authorizes Lencier,to the extent permitted by applicable law,to charge or setoff all sums.t�wing on the indebtedness•against any and all such accounts.
� . ,.
� COLI..ATERAL. Borrower�acknowledges thfs•�Note is secured by a ist mortgage fien an 15 State Avenue, Gar(fsle, South Mfddleton Township,
Cumberland County, Pennsylvania and a 1st mortgage lien�on-224 Heiser.�. Lane;.•.Gadisle, South•�Middleton 7ownship, •Cumberiand County,.
� Pennsylvania. . �
dPTi6N TO 6ECL�4F�E LOAN DUE.�Although the repayment�of the foan evidenced;by•fhis-instrument has been designed es�if ft.were to extend fior the
� term established.in the'PaymenY'�section,hereinabove outlined�,.Bor.rower•understands that l:ender•�expre$sly.reserves the,right and optian,•-exercisable
� at its discretion,to cieclare the en�re unpafd principal balance tinder�this Promissory Note tagether with'all�iriterest which shall have accrued therean to
? be due•and payble on the fifth (5th) anniversary of the date,of this Promissory Note and on each succaeding Five(5)ysar anniversary of that date
j during�the.terrn hereof,hereinafter referred to as"Loan Call Date`. in the event that Lender desires to exercise its�apbon to declare the Loan dua, it
� shall deliver written notice thereof by regular first class mail.to Borrower's last known address 90 days prlor to the Loan Call Qate.. BoROwer shaq,within
; 90 days after the date af written notice by Lende�of its exercise of•the option, repay the entire principai balance due under the Promissory Note
i together with all unpaid fnterest which shall have accrued thereon as weli as any other sums which may then be due under this Promissory Note or any
, other document constituting a part of the within,loan transactlon.
�' ERROR&OMISSION AGREEMENT.The Undersigned Borrower(S)for and in consideration of the aboved teferenced loan agrees, is requested by
Bank ar Closing Agent for Bank;:to fully cooperate.and adjust for clerical errors, an any or all•loan closing documentation.if deemed necessary or
� desirable in the reasonable discretion of Bank or Closing Agent for Bank. The�Borrower(S) agree to prompNy execUte any corrected documents at
' • Bank Address. The Urx,iersigned Borrower(Sj.does hereby so agree and covenant in order to assure that the loan documentation executed this date
, wiil conform and be acceptable by Lender or its interest in and.to the loan documentation, The Undarsigned 8orrower(S)fatlure to comply with a .
i request urader ttiis Agreemant by Lender or Closing.Agent for Bank may,at the option of Bank,constitute a DEFAULT by BoROwer(S)under the loan
� documents enforceable against 8orrower(S}and which Js in addi�on to any other remedfes available at faw or in eqciity to Lender.
SUCCESSOR INTERESTS. The terms of this.Note shall be binding upon Borrower,and upon Borrower's heirs,personal representatives;successors
�and�assfgns,and shall inure to the beneflfof Lender and Its successars�arid assigns. �
NOTIFY US qF INACCURATE[NFORMATIDN WE REPORT TO CONSUMER REPURTtNG AGENGIES. Piease notlfy"i�s if we report any Inaccura.te
infarmation about your account(s)to a consumer�eporting agency. Your written notice describing the specific inaccuracy(ies}should be sent to us at
the foNowing address:COMMERCE BANKMARRISBURG N.A., COMMERCIAL MC3RTGAC3E DEPARTMENT, 100 SENATE AVENUE, CAMP HILL, PA
17011 �
. GENERA�PROVtSIONS. Lender may delay or forgo enforcing any of its rigtits or remedies under thls Note wlthout losing them. Borrower and any
other�erson who signs, guarant�es or endorses this Note, to the extent allowed by faw, walve presentment, demand for payment, and notice of
dishonar. Upon any change In the�terms of this�Note,and unlsss otherwise expressly stated in writing,no parry who signs this Note,whether as maker, �
guarantor,accommodatiQn maker or endorser,shall be released from Ifabtlfiy. All such parfies agree that Lender mey renew or extend(repeatedfy�nd
for eny length of time)this loan or release any paNy ar�guarantor or callateral;or impair, fail to reafize upon or perfect E.ender's sacurity interest in the I
collatecal;and take any other action deemad necessary by Lender withoui the consent of or notice to anyane. An such pa�Jes also agree that Lender
may modify this loan without the consent of or notice to anyone�other than the party wlth wham the modffication is made. The obllgations under thls , '
Note are.)oint and several. If�any portion of this Note ls for any reason determined to be unenforceable,it w(il not sifect the enforceability of any ather �, : `
provisions of this Note. � •��`'�`
CONFESSION OF JEJDGMENT. BORROWEp�IEREBY IRREVOCABLY AtJTHORIZES AND EMPO���ERS ANY ATTORNEY OR THE PRC?THONOTARY
OR CLERK OF ANY COUR7 IN THE COMM !EALTH OF PENNSYLVANIA,OR ELSEWHERE,'' �PE4R AT ANY TIME FOR BORROWER AFTER
, A DEFAULT UNDER THIS NOi'E AND WITf;, �,•vVfTHOUT COMPLAINT FILED,CONFESS OR E�__ri�JUDGMENT AGAINST SORROWER FOR THE �
., i
i
. ;
► .
�-_______
..--�-. .,.-�'--.
� f rt � FRC�M�SSORY �IOTE '� .
(Confiin ued) � Page � -
ENTlRE PRlNCIPAt, BALANGE t�F TMIS NQ7`E AND ALi.ACCRUED INTEREST, LAT�CHARGES AND ANY AN�ALL AMOUNTS DCPENDED OR
ADVANCEI7 BY LENDER REl.ATING TO ANY CQLLATERAL SECURING THtS NOTE, TOGETHER WiTFi COSTS t}F SUIT,AND AN ATTQRNEI"S
' CC7MMlSSION OF TEN PERCENT(10p/�}OF 1`HE UNPAID PRINCiPAL BALANCE AtJD ACCRUED INTERES7 FOR COLLECTION,BUT IN ANY E1/EHT
NC}T �SS TF{AN FEVE HUNDRED DC�LIARS ($500} {�N WEitCH ,fUDGMEN7 t�R JUDCMENTS ON� OR MC}RE EXEGl1TtC}NS MAY 3SSUE
tMMEDIATELY;AND FOR SO DOING,THIS NOTE DR A COPY OF THIS NOTE VERIFIED BY AFF1DAVt'I'SHALL BE SUFFIGIENT.WAFiRANT. THE ,
AUTNQFl1`iY GRANTED!N THIS NQTE T4 GC?NFESS:lUDGMENT AGAINST BORFiOWER SHAt1 NOT��EXHAUS7ED BY ANY E�CERCISE OF THAT •
AUTH�RtTY, BUT SHALL CONTlNUE�ROM TIME TO T#ME AND AT AL.L TIMES 1.1NTIL PAYMENT iN FUL.L O�Al.L A1vtOUN'tS DUE UNDEFi TFtES
NC►TE. BORRCIWEA HER�BY WAtVES ANY RIGHT BORAOWER MAY HAVE TO NOTICE OR TO A HEARINC3 1N CONNECTION WITN ANY SUCH
Ct)NF�SSlt}N C�F JUDGNtENT AND STATES THAT EITNER A REPRES�NTATlVE Q� LENDER SPECIFICA�LY CAt..I_Ed THiS CdNFESSI{)N OF
' JUDGMENT PROVISION TO BORROWER'S ATTENTION(aR BaRROWER HAS BEEN REPRES�NTEC7�Y WDEPENDENT L�GAL COUNSEL. �
PRIOR Tt3 SlGNi1VC TFi1S NOTE, B�RRQWER READ ANd UhJDERSTQOD ALL THF PR�VISIt}NS OF THIS NC1TE,1NGLUD#!�G THE VARtABLE
INTEREST RATE�PROVISIONS. BORROWER AGR�ES 70 THE TERMS O�'THE NOTE. �
Bt7RROWER ACKNCIWlEDGES REC�IPT OF A CpMP�.E'('ED COPY C}F THtS FRQMISSC}RY NOTE. � � �
THIS NOTE IS GlVEN UNDER SEAL AND IT !S INTENDED TMAT THlS NOTE IS ANC1 SHALL CONSTIT"UTE AND HAVE THE EFFEC7 OF A
SEA�ED tNSTRUMENT ACC{}RDtNC.,�TQ LAW.
Bt7RROWER: � �
+•;. •'�:r {�»�v{::+'i�Yi}{::. '+. :rti�:i:�}:,s;'s$;:}Y�`,;�i5'{,r ?'y'Y '?:s,'v.'•:;i::;;;rr's'�r,,,�{-:;
'{S,51v`•••�ti.`'�.`{, ;.,::;�-1;:•;..v ' i:ri;:�.�;•y;.+}'; •{: .:,•.,{t..;:�.
X ;.;:T., +. �::t�v'�i,r..; ;:..: ;% '�. �{i•°
:'r,:;., •�r� v?.;?:?r.. �.,r';}',::ti:•}�ti:�r'•�i:�'r$::y}+:•:•�SP.a',
ConstantEnos�J.Ma!lios,lndi duatty��
• � IASER PRO la�dny�VMt.c.IY.�W.o6 Cqx.N*AiM RnamJ�l Sdutlma,Mio.ffa7.20GQ. AM 1'�pIW ReswvW, -PA FRIWIIW'Pb14WAMCF11lPL1DIIlFC 1fF4K7 PR�11 �
• t�w=-• .
.:�• .
,.T..
:ii
�a:
v.
. (
�
. �
f
�
I
�
�
, , ,
-�
DISCLOS� �E FOR CUNFESSION OF u �GMENT
�. ......... .. .... ......... ............. ....».......«....... ................. ..._"....................... ....... •:X Jt.v.MN
.....A V A. ...�.....Y...tN. ..........Ynt.A..j.....«...d1...{[�....h.......�1�S ......1.. t....... 11.7.th.....::F•ttt\Y.tT•t.. .� . . .... � ..........�::::^1W::'�" .x t: L:Y'
. ... . +t . .v_........... ... . . ..5 ........... • , ti .s...k..?......... . . ... %'{3�r.:iti'r.iu\LS}:?^:i'kFr,.-.:}ir.n;t s:s.;y.;...:.:dr.•r•. .{r?..t.... � •ws••
.xw1tj.xn ......a...r..{ a� c.. .t �i f. ry ..........r.::a..•r.:r.:..:�...::.:
. ...... . . . ..S_•t:.t.............}::. ...(.'� . .......... .. . ..^:•«:.t F1..........1 ��(..� �.� .�..5•�t. .��L�.t�. �,:Lt1:A:Xt:xt.:4::.t::•!. L... :•:l':'::.'t':'
ASY�....Jttt .I... '.'t.t'.::'.':'.":" .Si .Y...•.'N.•..1...' �.Y� ,
.t..... ' :Ti...«+.�. ............. ........ '
. :�. :l . •.�...y{ �ii•�Y.W ....... . .• :..........1:.......h..\� ��'/}..: ::tJl,{y�.{t.... ..t......... j�{. .:#.•.':N ��'f:.1K1•jXl.'S•
::...� �r���� . . .. . :.�::--�--�. - � :�::. ::.:.__...,:.:... . ���.;� �:� ::.�r}.�����: .�:�:<::
....:_............. . .�.�_, .,._ ._. ...... :�.. . . ... . . ........ �.��.. ..����.� ..l� �_p_
...................A...�...............�lA....1.:1•t�.y�5....L.S��.... t1S.. h�.«.K.... ��41LY.t.t.tL....L..WJ�•J?t:S•J.:t.........Stt.�l•K:St•J.•:»TV.•.'.^..l.h...........KK..AL1•�LYtL:J1t.:l.:�Y.t.Y.S:..��1iS......A....��t:.\:tYA6•t N�5.A:1�L .... .A..
....................�fi:::::.�y ............t...............F... .. ...... . .. . ...y . . . .tnxr .t ....... . y� ,..ar.w::v»_ru�'.��.�.xx:��yt fi�!•�. Y55tiYt St�'tt':.^S:L'.
t:tV.�:'�,�•{�•L•}•• .. J.�. YA�.....,5�...�....�.�.�......Y1�..5t..Y5y4,.W..R..�JN�V,A�Vf.t�����V�+51•ANM1.:{`.yv,lMtVt. �•�•RYY.:AY•14\•IS\AC154V.fM;tX.pJ�Jj.1M1Vtt'.�{\{..{S�Y�VY.SK:Vt A�it1{•,V.:JAS}':.���ti::t:{:::.':.t..........5.5.... J'
A 1 y�515.•.^•.t.\ a{ :T � 1'XS•..4.1..Y..•..� y� ::T.ti:. 11'�.11.:1'......Ntr.l••{:.i•.5::.1: .t::t:..>..Y........ ..1....t�......... .AStiY.�H��•�RS'Mi4S•ST.Sy'.�'�i
:j;'••��:1''�: . .. .1....�...::.. ':.:.:'. . .•t.'.':.: . .:..... : .l...•'••;,tiA.t.�.... ..At... :t... .V.1.1....... ...T.:::�5'.t:'.3 ..t .Mtt.:..
.....t�,(�•t •�. .•.'.r........... . ....... ..... ..... ...
�.�.��..�..
t'} M:•::.:::::..•l. t�
1..... . .. .. �! , .. .... .�jF. "..t.:�.�' • �jr.�.•.:tniY1'tt...«::.t....t.....� ..............�••....�.`L:V.• .Y-.�.r..... ::11.'.VJJ.:^ ..h St..T
.r........ ... . ...rr . ....... If....a . ..:::r:......:..� .t. ..ts....a........�:.:::.v.:�::•.v:•::v.. xF.:i:ixa:sxx,u;;�:::��t „t;,{:Yk
.....v.,n . . . ........_a... '�}.�. ........� ..�..... ............. ..... t�. :•r.; � -
... ....... ...................... .5.... ....�.t.
...A.... .� ......u:::::c..................................:.........:..... ................t:...::••.:a.::•�..n..t.....:.:�'x�•:•..t....._L.}_t:::d;..}y:a:{c:rrYs�rn{r::a:y.i::•
.. Y.T.T. ���i!�il......._.....�t............l�i.�..�.�..........�t.......�..�!rt.�........ ..l�:!��K'Fl.... ...t.. .r.:.....a�..........t......x.....r..tt....... .t..
References in the shaded area are far Lenders use only and do not Hmit the applicability of this documenE t�any particular loan or item.
Any item above containing""`"has been omltted due to text length iimitations.
Affiant: Constantinos J.Mallfos(SSN: 191-42-8336) Lender: COMMERCE BANKMARRISBURG N.A.
� 715 Sandbank Road COMMERCIAL MORTGAGE DEPARTMENT
Mt.Nolly Springs,PA i7065 100 SENATE AVENUE
• CAMP HIE.L,PA 17011
(71�97b-5630
DISCLOSURE FOR CONFESSION OF JUDGMENT
.. . 77'�
I AM EXECUTING�THIS�DAY OF ������C ,2��A PROMtSSORY NOTE FOi�$40Q,000.00�OBLIGATING NiE
70 REPAY 7HAT AMOUNT.
A. I UNDERSTAND THAT THE NOTE CONTAINS A CONFESSION OF JUDGMEM' PROVISION THAT WOULp PERMIT LENDER TO ENTER
JUDGMENT ACAINS7 ME IN COURT,AFTER A DEFAULT ON THE NOTE,WITHOtJT ADVANCE NOTICE TO ME AND WITHOUT OFFERlNG ME
AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT:.IN EXECUT{NG THE NOTE,BEING FULLY AWARE OF MY RIGHTS TO
ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDfTI'�OF ANY JUDGMENT OR OTHER CLAIMS THAT LENDER MAY ASSERT
AGAINST ME UNDER THE NOTE,I AM KNOWINGL.Y,INTELUGENTLY,AND VOLUNTARtLY WAIVING THESE RIGHTS,INCLUDING ANY RIGHT
TO ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND ! EXPRESSLY ACREE AND CONSENT TO LENDER'S ENTERING JUDGMENT
AGAtNST ME BY CONFESSION AS PROVIDED FOR IN TNE CONFESSION OF JUDGMEN7 PROV1S10N. � �
A1� (iJ:��'it;�r�j".r.�i4;4«}»' .
IN�'I1L.�: {rt�+�:it:�.i��:��:iii� .
B. 1 FURTHER UNDERSTAND THAT EN ADDITION TO GIVING LENDER THE RIGHT TO ENTER JUDGMENT AGAINST ME WITHOUT ADVANCE "
NOTICE OR A HEARING,THE CONFESSION OF JUDGMENT PROVISION IN THE NOTE ALSO CONTAINS LANGUAGE THAT WOULp PERMIT
LENDER,AFTER ENTRY OF JiJDGMENT,AGAIN WI7NOUT EITHER ADVANCE NOTICE OR A HEARING,TO EXECUTE ON THE JUDGMENT BY '
FORECLOSING UPOt�,ATTACHING,LEVYINQ ON,7'AKINQ POSSESSItJN OF OR OTHERWtSE SEIZIN�MY PROPERTY,tN FULL OR PART[AL
PAYMENT OF THE JUDGMENT. IN FJCECUTING THE NOTE, BEING FULLY AWARE OF MY RIGHTS TO ADVANCE NOTICE AND A HEARlNG
AFTER JUDGMENT tS ENTERED AND BEFORE EXECUTIOtV ON THE JUDGMENT� t AM KNOWINGLY, INTELLIGENTLY AND VOLUNTARILY
WAIVING THESE RIGHTS,AND t EXPRESSLY AGREE AND CONSENT TO LENDER'S IMMEDIATELY EXECUTING ON THE JUDGMENT,tN ANY
MANNER PERMITTER BY APPLICABLE STATE AND FEDERAL LAW,WtTHOUT GiVING ME ANY ADVANCE NOTICE.
1::.'•• J.V•••� SYJSAV:t.Y
Lli�' t:.\l:•.11�
iNmA�s: ��..,:�.?�.,:::::..;.;,:::.;; �
;:.........,�,,,.,�,-..:•..
C. AFTER HAVING READ AND DET�RMINED WHICH OF THE FOLLOW{NG STATEMENTS ARE APPUCABLE,AND BY PLACiNG MY INlTIAI.S
NEXT TO EACH STATEMENT WHICH APPLIES,I REPRESENT THAT:
INITIALS
l. i WQS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL[N CONNECTlON WffH THE NdTE.
2. A REPRESENTATfVE OF LENDER SPECIFICALLY CALLED THE CONFESSION�F JUDGMENT PROVtSION IN THE NOTE TO MY
ATTENTION. � '
D. I CERTIFY THAT MY ANNUAL INCOME EXCEEDS$10,OOQ;THAT THE BLANKS IN THIS DtSCLQSURE WERE FILLED.IN WHEN f IN(71ALED
AND SlGNED tT;AND THAT I RECEIVED A COPY AT THE TIME OF SlGfdiNG.
.
I
i
�
THtS DlSCLOSURE IS CIVEN UNDER SEAL AND IT IS INTENDED THAT THIS DtSCLOSURE 1S AND SHALL CONSTTTUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDiNG TO LAW.
AFFIANT:
, `.'<i:'ti.:';>.:
`S
eal
.:;����:;;:ii;:;::;;';:;?{.:;:;::;>:;;:;:;:;:::•''::::::
.. .... ......,...
X�'� •� )
� ....:::::. .:::.,,...�:..::::..:...�:... ......•:...;..:.... . ....,... .... .............
Canstantinos J.Mallios, ndividually
�
U13ER PRO I�nfinp.Vr.b.10.10.06 Gop.Hu1�M Fliunc{sl SduYm�,4c 199T.�Oi. N RIpMs Rum�d •PA HIWINMPSLLPWIMCFTLPI.IQ]O.FL TR•{E67 PR•i! I
�
I
I
, i
, �
� �
' r
����,, • ,�•-•.•f�i✓i1i�A,i.��■iiJ��� ia�1"�i iJ""'Lf 7 #�f ... ,
,�; •r�•••••• •�:i�.•\' �i'.'!F'�:'i'...:::»:I«. •••••••••..�.L:••••. 'SLt:::M•: .M••• t.i•• •••t 4'f.:•�•••'.••• ••:S: .Yl:••:.'.Ri 4YL•:t:Y.Y'.•.t.Yf.Y••y`IVLr. VA:n:
.
.. �..•.�..
� 1VN.V••J:.�fr� Y ?»S{ ..:.::. •Ct::ti..'.'.N«:•:G:.: .':J•J^ �'iISY .L. '�Y�.i.:.^.{:4{:. h}.A�.. :t .t'{.' � yCh�'I
.. .
v.rz ] . ..Jey,......s:r:.... �:�'} ,p:•rx} w. . . �.? icv:d;}u"?:s•'..�;��. r...Y^ s Z :Y.•«�sxx.v. �}�y,�rc�e.:: 1�
��. :1l•ViCJ..� �.�}��y. . 'tv:'R���:w....�^. ..�... • �yq,� j� yy
::i.'t•.WAL 1'ij.j�j. . Y.l..A.S1Jh•j� �.•.:� � ti51� . ' : t ::..\YtS�::t.tu} �V'•��:�•5}:5:1 Jai'..:A; t {r._.t.t. .�tutl':ti:iSyA .�{lLVTfi•• SLtlY (,� S%rJa
��. ....1...... ... -. �. ....� .. . . .�T!� �ti+....f�'.':' . . .. ...:t.:a�f:.�x•. l.e�. _...c. �C" �' .:}:•..� Y!�.•.35:� ..rycs�� ..r''.•.�' �k*.M'�dti•� .�
.� _
n
C t�
........... ..5.^A.L.S��..�R.....t. . ��...� . . 1..�.'} . .L .... �...t... ...�� .....^ x .�.
� i���:!�..
. W.r� AtJA. ..Y..r.... . .t. ..tt...A•L .• t'Y .�.�..�...7........ �•i.....�.T.�.r�.�lS�...K 515J."VA:..............................'' .D.. •S 2,
...}«...:.....v......_........._....,{�.... ....::�`. .»x. �.a.t..... ........n......a...�.s{'t+vkr x.na.x.....ttst .�........n.x r.v. ..c...... .`..�4t�Y.^.... ..4tst?;....�.�=.:t�:�••rn�t "vcW�::{v^.°i
�.•..«.........»i.i t�.1tF.. ....�.� «..r��J........T.1�r!.....A1L».{.<....�....5...........�.d..5�.��'�-.�-.. .1......1.......Y S.1....'1.. .�.t.i v.s::::�vx.........nrt.t:::a..».t»......n:: �ri:n:ttxk.^..t1S.:❖�.^..:::1•.A.... . ..... .�\... �.
..st.ti............... ........s:.v....s3?.t......»......« .+� ....... ....... ..»....x..a......v:r.........s.'..sr.«a�rsu .si1....x.ws.:a....rh.._....?ss......�...._....."'.._..a.»...L_.. ........_.. ... ..L.....b�.�n�. .ux�.. u.-:.�tY. r r�1.�r '?s:r.w:
.�
v •
u
...s..»,. s�. ..5..... ut.aa•:r• .�
: ,. ..... ... ,.......«_..a.a........»»..«.,......?..:X:...r..xti.sau.......v.vr,.s.......�..........»........ »'""...,.,.. «. .. . ..... ...>..........«.«,«...„.A...r�....a..�t s . ..t.tx«......_ru... . ....a. : ... .......
�av.....................5.........rw.......«......... ...,.....c at».._.._._...»...........a.....»..z.,.»,»..............................»..�.v}x..srx�Jwu�.«s�nz+.xr.h s:�.us.»c:.,.......«a .....,,.........._.....»_.. .....«. ....... r. ... _. .�'jt�.. a. z.�ums..
»..,...»... ».....» xu.».«..«.,...«. ..»..t....a...is•x....r.x.t.attm:v,x:...r «,...»...b, ,..»,.. z..tT.....
....... � 4 }5.,�'..«. » ....SS.'.S.'.:SSs,::�.::_:�«.«.EC:.«�i•..•.t:EbFM1;tF L................. .:..:i...�:".S�Y.`l.F,:.'.:i:..""i1'Y+'T.t.».........57':�......tY... ::',:,.,... ,41
._l..i•�J.1'::_C�V hi::' ..A:^..::_:^.'.�. �'.'. 1....:! »i�. } �r{.
� t:�::..... ..». . .r.� � »"._..._:z•:... .:::..»,..w_._...r«...�.......:....:::.�:. ......». ..._..............:-..:.a..:............�_».az'G. ..�.s... — ..�:zxwr:,^»;:::•:•r»crz-v:.:r•:::xs' :&.e�r �ca�:rv?iv. xrr?€..?:s^:
. .�...;...in+ntw�.....}i 11h�i..xEv�tt..r,..........V.,...:C....,....»..........1..................._...:C'YS.'.::;..'.•.'......t....s:<•:�w....._..N�..«........'t,..St............::Y:.::�r.'.Y.S.-.......Y...FR:EA',•AC't:tt'.:x•.':»C:.^::it.z. ...lt....,-5..........t..."'. .'�L. G�+ .A ti :c.. ,
Reterences in the shaded area ate for Lender's use only and do not limit the appficab(liry of this document ta any pa�tfcular ioan or item.
Any iter�n above containing"••,'�Faas been csmitted due to te�ct length limltations.
Barrower.' Constantinos J,Malltos�SSN: 19i-42-ssss) � Lender; COMMERCE BANK/HARRISBURG N.A. �
715 Sarrdbank Raad COMMERCiAL MORT�AGE DEPARTMENT
Mt.Holly Springs,PA i70B5. 100 SENATE AVENUE
' � CAMl�HILt,,PA 17tI1 i
(71�975-5630 '
GU�t'�t�tOt'; Va`sl�tk�MatlPos{SSN: 161-32-5538) . .
- � � 224'Helsers Lane �
Carllsi�,PA 17013 �
ANIQUt�lTT=OF GCIARANTY. `1'he arnaunt of thls Guaranty1s Unitmtted. . � . • .
CC►NTlMIIlN(3 UNLfMiTED GUARANTY. For good end valuabl�consfderation,.Vasilikl Mallios'("Guarantor") �bsolute)y and unconditlanally
, guarant�es and pramises ta pay ta CC}MMERCE BAN}tMARRlSBURG N.A. {"Cender"} o� its orcfer, in legai ter�cfer af fhe Ur�lteci States a#
America,the Indebtedness(as that term is def{ned below)of Gonstantinos J.Matlios("�arrawer")#o Lender on the terms and candit(ans set
#orth 1n thls Guaranty. Unde.r this Guaranty,the liabillty c�f Guarac�tor}s untimt#ed and the oblf�ations.at fivarantor are contlnuing: �
INpEBTEDNE55'�GUARANTEED. The I'rrdebtedness guaranteed by this Guaranry includes eny and aA of 8orrawer's fidebtedness to L'ender and�is
used insthe�mosi camprehens}ve sense and mea�s and�ncludes any and ail o(�orrower's tiabttltles,obifgatir�ns and debts to Lender,now.ex�sting or
herainafiar incutred or created, including, wfthaut limitatian, all loans, advances, interest, cast�, debts, overdraft it�ciebtedness, credit card
indebtedness,lease ubligatlone,other obllgatfons,and liabiBtles of Borrower,or.any of them,and any.present�or future judgments against�arrower,or
any af.'tl�em; end wh�ther any such 1nd'ebtedness is voluntarily�or involuntariiy incurr�,i, due ar.not due, absolute or acmti�geri#, liqul�ated,or
unliquidated,determined 6r undetermined;whethar'Borrower rr�y.be,fiable individually or jointly with athers,or primarlly or secondarfly,or as'guarankor.
ot surety;whether'recovery on ttie lndebtednsss may,t�or may becorria baRSd or unenforceabie'agalnst Borrower#or any reason whatsoeve(;and
whether�the lndebtedness arises fram transac�ons which may b�vaidable on account af infancy,insaniry,ultra�ires,or atherwise. �
DURATIp1V OF GUARAM'Y. ThEs Guaranty wtll�take ef#ect whert receivad by t..ender withot�t the necessity of any acceptanca by I�ender,ar any notics
to Qua�antor or.•to:Borrowet, and�wili con�nue En futi farce until ali tndebtedness incurred ar cor�tracted before recelpt by l.ender of any natica of
revacatlon shall have been fully and.fi�ally patd and satlsfled and a!I af Guarantor's ather obligetfaris under this Guaranty shafl have been performed in
futl. .!f Quarantar elaats#a revoke t#�ts Guaranty, Guarar3tor�y aniy•do sa in writ�ng. Guarantar's wr{tten ryat}ce of revoca#on m�st be malted to
Lender,by certifled rnall,at Lender's address Ilstetl abave or�uoh ather,plsce as Lender may deslgnate{n writing. Writ#en ravacatipn of this Guaranty
wiii aPp1Y•or�ly to advances or•new lndep#edness created aft�r actual recetpt by Lertder af Guarantor's wr�tten revocation. �or i�is purposa.and w�thou#
Ifmltatlot►,•the.term "n�w indebtedness� does nat in�iude•tndabtedness which at the time of natice af revocatian is contingent,�unfiquidateci,�
undetem�Ened or,not dus and which latsr bec.omes absolute, Ik�uidated, determined or due. Th�S Guaranty wb! cantlnue ta bind Guarantor for ali �
. tndabtedness incu�red.bjr Barrawer ar committec�by. �.ei�dsr prPor to receipt of Guarantar's w�tten nottce of rev�atlon, irrctuding any e�er3s�ans,.
�enewals, substitutions ar modiflcations of the Indebtedness. All renewals, eXtensions, substitutfons,and modiflcations of the.fndebtedness granted
a#ter��Gusraiito�'s;r:�vcicatioit,'a're'conterripl'ated�,urtde"r ttiis�t�uaraii�ty ai�,specific�lly w31!r3ot be c�rside�ad to be new�irtdebtedness. 7h3s Duarr�nnty:
shall bind Guar�intors estate as,to indebtedness created both before arid efter Guarantor`s death or incapaaity,regardless of Lende�'s acfual nofice of
Gvarantar's death.��Sub�ect tq ths foregoing, Giiararita''s ex�cutor or adminfst�aior or ather lega!representabve may terminate this Guaranty in the
� sama rrianner in whiah Guarar�tar mig�►t have tetminated I#and wtth the sama ef#ect Release of any ot!'rer guarantor or tet�r�atkm of any other
guaranty•of the Indebtedness shall'not affect tha Iiability of Guarantor under�this Guaranty: A revocatian Lender receives from any one or more
�uarar�tors shall not affect the IfablJi�r of•any remalning�Guaran#ors under #his Guarenty. It ls anticipated that fluctuations may occur in the
_ aggregat� amaunt.of Indebtedness covered by thts Guaranty, and�Guarantor specificatly acknowiedges and agrees that reduetians in the
' amour�t of lndebtedness,even#o xero dollers{$Q.flQ),prlar to Guaranto�'s�rrltten r+�vocatlon Qf•this Guaranty shal!not aonstltute a termin�tfon
of�thEs.Guaran#y. .This Guara�nty is binding upan Guarantor and Guarantor's.heirs,successors and assigns so lang as arry o#the guaranteed
(ndabtedr�ess�emains�.unpaid,and even though the Ind'ebtedness guaranteed may from#itne to ttme be zero dollars($0,00): � �
GUARANTC}R'S AUTIiORtZAT10N TQ.�.ENDER. Guarantor autl�ar�zes �et�er, elther befare cu after any revaca�ion hareof, wlthout notice or
demand and without lessening�Guarantar's Efabiliry.under thls Guaranty,frdm time to time: (A) pnor to revocatipn as set fotth above,to make
one..or mare edd��ar�al secur�c,l.or,ucrsecuretl ba�s.#o�orrower, to'lease equipment vr other goods to Barrower,or otherwise#a e�cterxi�addJticxna! �
credit to Bo'rrower; (B) to aiter,compromise,renew,exkend,accelerate,o�otherw(se change ane or more times the tima ior payment ar other terms oF
th61tid8bt8dt3ess O�8tly p8tt Of the lJldebtedcJessr Including irrcreases and decreases.of the rate of Interest on the tndebtedness;extenslons may.be
repeated and may be for longer fhan the o�lgtnat laan term; (C} to take.and.twld securi#y for the payment o#ttris Guaranty or fhe lndebtedness,ar�d
exchange,enforae,walve,subordinate,fatl ar deeide not'tn perlect,and release any such securi#y,wi#h o�wtthout the substitutlan of new collateraf; (D)
#o re�ease,subs�tu#e,agree noi t�sue,or d�l wlt�any one or mt�re of 8orrower`s suretles, endorsers,or o#her guaranEors on any terms or in any
manner Lender may chaose; (E) ta determine how,when snd what application c�f payments and credits shaif be made on ths indeatedness (F) ta
appty�such securtty and direc#.the order, o.r manne�-of sale thereof, lncluding wlthout lim�tailon, any nonjudicla! sale permttted by the terms of.the� �
controtiing s;ecurtiy egreement ar deed oi tre�st,as Lendar in its ciiscretion may.cietermine, (G) to selt,tcansfer,assign ar gran#partiaipa�ons In al1 or
eny pa�t of the fndebtedness;and (H) to assign or transfer.thls Guaranty in whole or�iri part. .
GUARANTOR'S REPR�SENTATE�NS AND WARRANTIES. Guarantar represents and warcants to�ender fhat (A} no representaffons dr ag�eements
of any klnd have been made ta Guarentor which would fimit or qualiiy in any way the terms of this Guaranty; (B) this Guaraniy fs executed at
BQrrawer's request and.nof at the request of�.ender, {G) Guara�tor has fu�l p�wer,right and authari�r to enter into thFs Guerarrty; �aj #he prov�slans
of this Guaranty do not aonflict with ar result in a default under any agreement pr other instru�nent binding upon Guarantor and do not result in a
v�c�tafion of ar�y 3aw,reguEafion,court ciecree or order app!'sc�ble to�t�arantor, {E} GuarantQr has not and�f41 not,v��ithaut the prior written consen#af •
Lender,seH,iease,assign,�enaumbe�,hypofhecata,transfer,or atherwise dlspose of ai1 or substantialiy ai!of Guarantor's�ssets,ar any intere,sf therain;
{F) upon L,ender's request, Guarantor w!!I pr�vide to Ler►dsr financial and credit information in form acceptabSe ta Lender, and all such fjnancfa)
informa#ion wh3ch curren8y ha�been,and ail futura financ�al infarmafian whlch wilt be prav�ed to Lender ts and will be#rue and correct!n a�materiai
respacts and fairly present Guarantor's flnancfal condltian as at the dates the financial informatian is provided; (G) no material adverse chenge hes
occurred�Guarantor's financial c�di�on�lr�ce t�e da#e of the t�st recent f�nancial statements p�ovided#t�L.ender and no event has occurred whfah
may mate�ially adversely affect Guarantor's �nanciai ac�ndition; (Hj no Iitigatton, cfafm, investiga�on, administrativa proceeding ar similar ac�on �
(ir�luding those for unpsld#axesj against Guarentor Is pend�ng or threatened; {!j Lender has made no representatlon #o Guarantar as to the �
creditworthiness af BaROwer, and (J} Guarantor has established aiiequate means of abtaining fram Bonawer on e can#3rruing basis infcumaikm
regarding Borrower's financla!candiaon. Guarantar agrees to keep adequately,infarmed from such means of any facts,events,or circumstanaes whi�h j
might in ar�y way af�eet Guarant4r's t3sks under#hls Gu�tanty, ar�d Guarantor further agrees that l.erid�r shall have no obligatian to dEsclase to a
Guarantor any infarmatian or dacuments acquired by Lender in the caurse of Its relationshlp with Borrawer. �
�
� �
s
� COMMERCIAL GUARANTY
` �Gontinue�; Fage 2
' GUARANTOR'S WAIVERS. Except as prohiblted by applicable law,Guarantor walves any rlght to require Lender (A) to continue lending money or to .
; extend other credit to BoROwer; (B) to make any presentrnent, protest, demand, or notice of any kind, inciuding notice of any nonpayment-of the
Indebtedness or of any nonpayment related to any collateral,or nofice af any action or nonaction on the part of Borrower,Lender,any surety,endorser,
or other guarantor in connection with the Indebtedness or in connecUon with the creatlon of new or additlanal loans or obligations; (C) to resort for
payment or to proceed directly or at once against any person, fnciuding Borrower or any other guarantor, (D) to proceed directly agafnst or exhaust
I any coUateral held by Lender from Borrower,any ofher guarantor,or any other person; (E) to give notice of the terms,time,and place of any{�ublic or
� private sale of personal property security held by Lender from Bortower or to comply with any other applicable provisions of the Uniform Commercial
� Code; (F� to pursus any other remedy withln Lender's power;or (G) to cornmft any act or omission of any kind,or at any time,with respect to any
` o------- �natte�whatsaE ,
f Guarantor also waives any and ail rights or dafenses ansing by reason of (A) any"one action"or"anti-deficiency"law or any other law which may
� pravent Lender from bringing any action,including a claim for deficfency,against Guarantor,before or after Lenders commencernent or completian of
! any foreclosure action,either judicially or by.exercise of a power of sale; (B) any election of remedies by Lender which destroys or othervvise adversely
I affects Guarantor's subrogatbn rights�r Guarantor's rights to proceed against Borrower tar reimbursement, including wfthout limitatfon, any ioss of
rights Guarantor rnay suffer by reason.of any!aw Iimtting,qualifying,or dtscharging ihe Indebtedness; (C) any disabiUty or other defense of Borrower,
of any other guarantor,or�of any other Person,or by reason of the cessatton of Borrower's liability from any cause whatsoever,,other than payment in
full in legal tender,of the Indebtedness; (D) any:right to ciaim discharge of the Indebtedness on the basis of unjustified impairrnent of any collatera!for
the Indebtedness; (E) ,any siatute af limftaiions, if at any time any aatior� or suR brought by Lender against �uarantor (s commenced, there is
outstanding fndebtedness.of Borrower to Lender which ls not barred by any applicable statute of I(mitations;or (F� any defenses given to gua�antors
at law or in equity other than actual payment and Performance'of the Indebtedness. If payment is made by Borrower,whether voluntarily or othen+vise,
or by any third party.,on the indebtedness and thereafter Lender is forced to remit the amount of that paymant�to Borrower's trustee in bankiuptcy or to
any similar person under.any federai or state bankruptcy law or law for.the rellef of�debto�s, the Indebtedness shali be considered unpaid for the
purpase of the entorcement of thIs Guaraniy. • � ' ' � . , '
! Guarantor furthe�wafves,and agrees not to assert or clafm at any time any deductions to the amount guaranteed under this Guaranty for any claim of
� setoff, counterclafm, counter demand, recoupment or similar right, d►+hether such cla(m, demand or right may be asserted by fhe Borrower,:the
' Quarantor,or both. � ; �
� GUARANTOR'S UNDERSTANDlNG WITH RESPECT TO�WAIVERS. Guarantor warrants and agrees that each of the waivers set forth above is-made
' with Guarantor's full knowledge of�its slgnificance..and consequences and that,�under the circumstances,•the+q+aivers are reasonable a�d not contrary to
public policy or(aw. If any such waiver Is determined to be cantrary to any appiicable law or pubiic policy,�such wafver shall be effective only fo the
extent perm�ted by law or publlc poNcy...
� RIGH7 OF SETOFF. 7o ttie extent permitted by epplicabie law, Lender,reserves a`.right�of�setoff in.all.Guaranto�'s accounts wlth Lender(whether � . .
� checking,savings,or some other.accaunt). .Th(s(ncludes alf.accounts.Guarantor,holds jointly with�someane eise�and all,accounts Guarantor may,open �..
' 1�the future. .F{owever,thls does not include any,IRA or Keogh accounts,or any trust accounts for which setoff would be p�ohibited by law. Guarantor
, authorizes Lender,to the extent permitted by appllcatile law,to hold these.funds if there is a default,and Lender may apply the funds in these accounts
! to pay what Guarantor owes:under the terms of.this Guar.anty.•.. � � � ' '
; SUBoRD1NATION'•OF���BORROWER'S DEBTS•.TO GUARANTOR•.��•Quarantor agrees that•the..l�debtedness:•of�:Borrower°to•�Le�cler•, whether�naw
� existing•or hereafter:.created;::shalfr�be;:superlor�•to��any.claim that��Guarantor:maY•now��have:�or.�hereafter•��cqulr���agatnst.Borrower,�whether.:�or<-not ��
. Borrower becomes•insolvent�.•:�Guarantor��hereby=expressly#:subordinates=:anyr claim•Guaranto�may�.h��e�..•�against.�Bor�owe�;-:upon:any•��accaunt..
whatsoever,to any ciaim that Lender may now or�hereafter.have�•against Borrower.�.'In the event of=lnsolvency•and�consequent Ilquidation of the assets�
of Borrawer,through�bankruptcy;.by�an assignment.for the benefit:ofrcreditors;by.voluntary Iiquidatlon�.or.:ntherwise,•�the•assets�:of�Bar.rower•appiicable•:• .
to the payment af the�claims.of�both L�nder and Guarantorshatl:be}�ald to.Lender;and�shail�be firstapplied.by.:Lender:to:the�Indebtedness:of Borrowar�:� �
to�Lender.• Gu�rantor�does�•hereby_asstgn:to�Lender al)�alatmsr which•iY.may have��or.acqutre�aga(nst�8orrower.�or.against-any+assignee�:or tr.ustee�fn .
bankruptcy of Borrower;•provided however;that such assignment shall be effective�only for the purpose of assuring�to Lender�full•payment in legal
I tender of the Indebtedness. If Lender so requests,any notes or credit agreements now or hereafter evidencing any debis or�obligattons of.Borrower to
IGuarantor shall be rnarked with a legend that the same are subject to thts Guaranty and shall be delivered to Lender. Guarantor agrees,and Lender is
� hereby authorized, in the name of Guarantor,from tlme to time•to execute and file financing statements and.continuation statements and to execute
� such other documents and to take such other actions as Lender deems necessary or approp�iate to perfect,preserve and enforce Its'rights under.this
� Guaranty: . '
_ I MISCELLANEOUS PROVISIONS. 'The fallowing miscellaneous provisions are a part of this Guaranry: � � �
�
� Amendments. This Guaranty,together wiih eny Reiated Documents,constitutes the entire understanding and agreement of the pa�ties as to the
' � matters set:forth in tFiis Guaranty.�No atteration of or amendment ta this Guaranty shall be effective unless glven in•writing and slgned by the party
' ,' or parties sought to be charged or bound by the alterat(on or arner�dment. . � .
_ , . AtEorneys'Fees;.Expenses. Guarantor agrees to pay upon•�demand•all of Lender's costs and Bxpenses,Includfng;Lender's•attomeys'fees and.
Lender's legal expenses;incurred in connec�on with the enforcemerirof�this Guaranty:-tender.may hire or pay:someone eise�to�help enforce th(s
�° Guaranty,and.Guarantoc.shall-:pay.the casts•and expenses•of'such enforcemen��� Costs•and expenses•inciude L'anders�attomeys_:fees and legal•
�� expenses whether ar not the�e ls a lawsuit,incJuding attomeys'.fees�and legal�expenses�for bankruptcy proce�dings(including�efforts to modify or
' f vacate any sutomatic stay or injunctlon},..appeals,and.any�anfiaipated.post Judgment collection�servEces.��Guarantor.:also�:�kialhpay�alt•court costs.
! and such additional fees as may be directed by the court ,
�
; Caption Headings. Captfon headings in this Guaraniy are for.•convenience purposes only and are not�to be.used to�interpret or define�the •
: provisions of this•Guaranty. �
Governiny Law. This Guaranty wtll be governed by, construed and enforced in accordance with federal law and the laws of the
Commonwealth of Pennsylvania. Thts Guaranty has been accepted by Lender in the Commonwealth of Pennsyfvania.
' Integration. Guarantor further agrees that Guarantor has read and fu(ly understands the terms of th(s Guaranty; C3uarantor has had tlie �
. . opportunity to be advised by Quarantor's aitorney wftl� respect to this Guaranty; the Guaranry fully reflects Guarantor's intentions and parol
� evidence is not requi�ed to interpret the terms of thfs Guaranty. Guarantor hereby indemnlfles and holds Lender harmless from ail losses,clalms,
damages,and costs(inciuding Lender's attomeys'fees)suffered or incurred by Lender as a result of any breach by Guarantor of the warranfiss,
representations and agreements of this paragraph.
Interpretation. !n ap cases where there is more than one Borrower or Guarantor,then all words used in this Guaranty in the singular shall be �
deemed to have been used•fn the plural where the context and constnaction so require;and where there is more.than one 8arrower named In 4hf� I
Guaranty or when this Guaranty is executed by m�re than one Guarantor,the worcls"Borrower"and"Guarantor"respectively shall mean all end
any one or more of them. The words "r�iarantor," "Borrower,"and "Lender"fnoiude the heirs,.successors, asslgns,and trartsferees of each of� '
them. If a court finds that any provisior Jis Guaranty is not valid or shoufd not be enforced,� fact by itself wAI not mean that the rest of this i
' .Guaranty wi0 not be valid.or enforced. :... _3fore,_a court wfll_enforce the re�t.Qf th�p�pyi�na_� �_.�uaran.ty._av.eo.�_aprn�cisior�at.this..Oliacani}r... ..._ ;
� i
. � � I,
i r
�
� C�MlV�ERC��L �U.�RAt��"Y
4Contitiued� . Page 3
' �y be found to be invatki or unenforceable. if any one.cu mcsre o€ Bca�rower or Guatantor are cotpcarations, partnerships, limtted ifablttty
companies, ar similar en�iGes, it fs not necessary for Lender to inquire into the powers of Borrower or Guarantor pr af the officars,directors,
partners,managers,or other agen#s acting or purporting to act on#hafr behalf,and any Loan lndebtedness made or created in refiance upan the •
prt�fessed exerctse of such pawers shal!be guaranteed under this C�uaranty. . . .
Natices. Unless ottierwise provlded by applicable law,any notice tequired to be given under thls Guarar�ty shatl be given ln wrlting,and,except
for revocation natices by Guarantor,shall be effecfive when actually deiivered,when ac�ral#y�eceived by teiefacsimile(unless.ot�erwlse requir�i
by law), when deposited with a natidnalfy recognized avernight ca�urier; or, if mailed, when depnsiked in the United States mail,as flrst class,
cart3fied or reglstered rt�al�postage prepaid, cfiracted to the addresses sh�aw� n�ar fhe 6eginnir�g of#h}s C�uaran#y. Atl revc�afk� r�a�aes by
Guarantor stiail be in wrWng and shail be effective upon deiivery ta Lender as provkied(n the section of t�is Guaranty enbtled"DURATfiON OF
, GtlARANTY." Any party may change its eddress for natices unde�this Guaranty by giv}ng farrnal written natice to ttce ather parffes,.specify(hg that
' the purpose�of the�notice is te change the parfy's address. For notice purpQSes, Guarantor agrees ta keep•l�ncier.lnfarmed at ail fimes of
_ Guarantor's curreni address. Unless otherwise provided by appiicabie(aw,ff there�S more than one Cuarantor,any notice.ghran by�.ender to any
Guatar�#or is•cieemed ta,.be nc�t�Ce given t4 aIl Guarantors. , . , . .
�' No Waiver bjr Lender. Lender shail not be deemed to have waived any rights under this Guaranly unless su�h waivar�Is given in wrfting and
#' slgned by�.'snder. �o"delay c�om�ssPcsn ort the part of l..ender in exercisln�any tight shall opetete�s a walver t�f such right ot eny ot3te�rlght�.A
' � waiver by L.ender of a provfsian of this Guaranty shall not preJudfce or cons�tute a waiver of L.ender's right atherwise to demend strbt compliance '
wlth tha#prav�s�n oc any other pravislon�f this Guaranty. No prfor waiver by Lender,not any course of dea!!ng between�Lender•snd Guarantor,
shall cons�tute a waiver of any of�ender's rights ar of any.af Guerantor's obligatians as ta any fuhtre transact3ans. Whenever the conser�t af
Lender is required under this Guaranty, the granting af suah consent by Lendar in any instance shall not canstihxte continuing consent to
subsequent fnstances whare such consen#is required and In al}cases such consetrt may be granted or withheld In tt�e sole dtscre#ion af L.ender.
Sucaessors and Assi�ns. The tsrms ot this Guarenty shall be binding upon Guarantor,and upon Guarantor's helrs, persana(representatives, . j
successars,arui ass�grts,ar�d shatl kre enfarceable by�.ender and its successors end asslgns. . .. �
DEFINlTlONS. The fallowing capitafized words and terms shali have the f�llowfng meanings when used In this Guaranty. Unless specrfically stated to .
the contrary, all references ta dollar amounts shall mean amaunts in lawful tnoney csf the United Sta#es o#Amer�a: Wards ancf�terms used in.the
. sfngular,.shall inalude the plurai,and the plural shafi inalude khe singular,as the cantext may require. Wards and terms not atherwise defined In thts
Guarar��yshall have;the mear�3ngs attr�buted to such terms in the Uniform Comrnerclai Code; • • � - • � � _ �
•^•'�` Borrawer. The word"Barrower"means Canstantinos J.Mallios,and all other persans and enUtfes signing tha Note in whatever capaclty,
.��. �� .. . ,� .
• ..: �.�:. Guaranta�,YThe word"Guaranto�`means each and every perscm or entlty s�gning th�s Guaranty,lnclud'tng wifhout�ilmltattc�n Vas3Elkl Mall�s,
' ' �'' Guaranty.��Tfie word"Guaranty"means#he guar�nty fram Guarantor to Lender,including without Ifmitation a guaranty af all or part of Ute Note,
� ,: � ind�b#edness The word"indebtedness�means Borrower's indebtedness ta i.ender as mor�particular?y descrfbed in thls Guaranty. .-
- • �'�� Lender. T#�e�u+ord"Lende�"rnearrs CQMMERCE BANKIHARRISBURG N.A.,its successors and assigns. � .
t �k Note. The word"Note"means the promissory na#e dated September 17,2002,in#he originat principal amcrunt af S4QO�OD0.00 from Barrower fo
� . Lender,tage#tier wlth a(I renewais o#,s�ens3azs of,modificaiions a#,refinanaings aij consolldatf�ns�f,and substitu#3ons far the prarnissary nate ar .
agreement.,°�- . . • � �
� ReEated Docum�ts. 'The words "Retated Dacuments" rrr�ar� all gromissory nat�s, credtt egresmants, tc�an agraements,..envirorimental .
� agreements��guarantles, security agraements, martgages, cieeds af trus#, security deeds, colieterat mortgages, ancf ali.other ins#ruments,
. agreements and docurn�tts,whether raow or hereafter existing,executed in cannectlon wlth the Indebtedness: � ; ' . •
CONFES810N .CiF:.JUDGMENT, GUARANTOR��HEREBY IRREVC)CABLY AUTHORIZES .AND EMP.UWERS ANY ATTORNEY t7R THE
PRC7Tt-�ONOTARY�;�OR CLERK OF ANY COURT IN THE Cf�MMOt�WEALTH OF PENNSYLVANlA,OR EL.SEWHERE�TO APPEAR AT ANY.TIME�C7R �
{�tJARANTOR AhTER THE AMOUNTS HEREUNDER•BECflME DUE AND Wt'M OR tNtTH{)UT CL7MPI.AINT FII.�D;CC}NFESS t)R ElVTER JUC?GM�lV�'
� AGAINST GUARANTOR FOR THE ENTIRE PRINCIPAL BALANCE�F TNIS GUARANTY AND ALL ACCRUED INTEREST, LATE GHARGES AND ANY
AND ALL AMflUNTS EXPENDE� 4R AQVANGED BY �ENDER RELATING TO ANY CC}�LATERAL SECURING'THE iNDEBTEQN�SS, TC?GETHER
WiTH C05T$OF SUIT, ANI7 AN ATTORNEY'S COMMISSil3N OF TEN PERCEiJT�(109'p) t3F THE UNPAIC3..PRfNCIPAf.BALANCE,AND�1CCRU�O
. lNTEREST FOR COIlECTIfJN,.BU7 IN ANY�VEt�T NOT,L�SS.THAN FIVE'HUNDRED D(7LIAR5��($5D0}�ON'V1lHICH':1UpGM�NTO�t';IUDGMENTS�
ONE OR MORE DCECUTIONS MAY ISSUE tMMEDIATELY;AND FC}R SQ DCtENC,TNiS GUARANiY QR A Ct}PY C3F THtS Gl1ARAl�t1`1'•1��RE�1ED 8Y
AFFlDAVIT SHALL BE SUFFICIENT WAH,RANT. T'H�AUTMORfiY''GRANTED IN THIS GUARANTY TO CONFESS JUDGMENT AC�AINST:GUARANTC�R
S}-iALI.NC}T BE EXNAUSTED B3'ANl'E)CERCISE OF THAT,AUT�-IORtTY,SUT'SFiAl.L.CONTINUE FRt?M TiME 7Q TtME ANt��AT.�ALl:TIMES UMTI�
; PAYMENI'IN FULL OF�4LL AMOUPJTS�I�UE UNDER THtS QUARANTY. GUARANTC3R HEREBY WAIVES ANY�RIGNT QUA�iA'PiTOR NfAY'HAilE TC3
_ NOTtCE{�R TU A NEARING IN Cl�NNECTlON HU(TH ANY�UCH CONFESSION O�JUDGMEN'T AND,STATES THAT E(THER A�REPRESENTATIVE I
OF�.END�R SPECIFICA�LY G,4LLED THtS C�NFESSIC}N OF JllDGMENT PRUV1Sft7N TO GUARANT{3R'S�;ATfEM"1flN C?R-aGUARANTC}R HAS SEEN �
REPRESENTED BY IhlDEPENDENT LEGAL CdUNSEL. � �, . ��. �
EACH UNDERSIGNED GUARANTC?R ACKNC7WLEDGES HA1tING REAt3 AI.L TNE PROVtS1i�NS QF THlS Gt1ARANTY ¢Nb�GREES TO tTS
TERIyIS.. IN ADt�ITlQN, EAGH GUARANTOA UND�RSTANDS THAT THIS GUARANTY IS EFFECTIVE U;PON GUARANTOR'S�EX�CUT�ON ANp
DELtVERY..OF TH18 GI�ARANTY TCt l.ENDER AND THAT TNE GlIAE�ANTY WlLL CC1NTtNU�UNTi�.TERMtNATED 1N TH�MANNER.S�T'�FQFiTN i
� tN THE S�CTION TITLED"QURATION OF GUARANTY". NO FORMAL ACCEPTANGf BY LENCiER tS NECESSARY TGI,MAKE TMf$Gt#ARANi'Y
' E�FECTIVE. 3'HtS GUARAN7Y!S DATED SEA7EM8ER 17,2UO2. . � • � � ����
THlS GUARANTY IS GIVEN UNI3ER SEAL AND IT!S INTENDED THAT THIS GUARANTY tS ANt3 SHALL CC3NSTtTUTE AhlD HAVE THE EFFEGT
OF A SEALED INSTRt1MENT ACCaRDtNG TO l..AW. '
GUARANTpR:
_ � �
;}::• � :.r :{¢>•. ' :r:
.:i�.°
?�i
;:�s;;:i':ti:�:;$:'si;::?
•.j,:
t�r�; t
,t;:?��::.:?{.8:'::};:-:iv;: .
�:'•:;��� �`a8a)
:. :. • .;..
, . : .. .
, <• •:...:t;..
. .. ,.•... ±..:.. •:� :
; . :. :• � : . ; ::::;;•`-;:�,���� J 1
_ ; �.. .'��`'.;
,.,�...:.
�•�.,•:;.. .
:...,. �,
X�i.....t+••.t{t'.:•�.?....'.i:t.i:•:i•}::�'iXv:?5:-:;�: :��.4'rT:.y.�SS>:.�.i�,::�'.:��o v::.iv•:}.�w::��.` .
, .. . •: . .
�:; . .. ....�................... ..:�::.:.
Vasilik(Malllos,Individually '
i
. i
. • �
' �
i
�
. �
, � �
' � � ��iVl����(I�L �UA�/�NTY
� (Gontinued� P�g� 4
�
� .
� INDfVIDUAL ACKNOWLEDGMEI�T
COMMONWEALTH OF PENNSYLVANIA ) �
j' � }SS
y CoUNTY oF l t(�_(��(�Ir j�l�� �� ) .
. � C
On this,the � � day of �'- � 20�,before me
� the undersigned Nota Public,personally appeared Vas(Itki Malfias,known to me or satisfactorfhy proven)to
be the•person whose name is subscr(bed to the wifhin instrument, and acknowfedged that he or she executed the same for the purposes therein
contained. •
In witness whereof,I hereunto set my hand and offlcfal seal. �� ,
' • �•� I
� �N�TARIAL SEAL Notary Pubfic in and�for the State of
BAR6ARA E.STEEL,Notary Pubtic �
� �Carlfsle Boro.,Cumberland County . �' ,,
� My�Cortimission Expires Fab. 18,2006 . ' • .
� . � � � ,,.
• U1BER PAO la�+p.V�r.6.t�..IO.K Copr.Hulyd HrrKil idu�an�6n WQ7�LcCIL A1 Plyhls Rdwvd. •PA Fi1NANiPPSNJ'N7MCP11LPi1E2G.IC 7A•�ee/PR-lY '
. I
r�• � • ��.
`-.:
- iI
I
� I
I
I
i
� •
I
1
�
�
I
i
i
. ! i• i
{ i
� r` (
I
�
i
. �
DISCLC?`f �RE FOR CONFESSION aFi �.JDGMENT �
.......... ..... ._............................................_............... .................................. }
... ....... ................................................._......_.....................:..... :::::::::�::.�.............:�.::::......._........ ........:
..t....... ...�.........t...........1.............s..............�... ..............1...... «......... t........................................ ......:..z.....t.... .........t.....a..:^t:tr:l�iT ...... s:-.. 'v^ .ruv�
.....�t...�yl1 . . •tVlV.:N.L:4tKY•l.'J:Y! • :•. '.:!Y ttltt,.� . ...T .'„'f••AW SS::5... •5 •tt.•t.':VSJ::•5.51::•J�y. V.. »: •)' ::h d:A•:t.•.::.•..: �j�{�}�x :ttl.•.^• {�� ...L.j „;�1
........... �Y::SN...t...Y•O'• .:�{. . ..t� ... . � ��\.\�� ��. �� .� � �!�I) �ea�}�'1 t t SA } \S••••'••' ,�p�
..............:....: • • [......• ''`". .. ... ...r. • . : ...:.:. � / �Ik�r �XW�:i.0 i^aifC�. .���is
ii:vv ii'r.?:::n . ... .e. � ..:...�..:•: t �.,+}Y n^lj}��u �... . h$Lu,tc^n�yc k}a�.t'Y..MI�::'NflT.iGF::ibi�ki�.}n w{N�•:zciF{l'.+�:'7kFR•17!:1M +�cta�}'r s: r�
.. ,�:��. . .......................����..r.....:�.#�.z..,�.....��,r��. ...............-:�►:���� �..�a:�.. �....
..................�..�5....A::::t•:::J......................................... ....�..•............. .............1.......» ............. �5...�..5. ...�. .�.. tY:t 1•. RNl4.. 'AttY
.15..AJl..T..11..t. ... • • ....L. t... ...I..l...A..... ....5::•«::.'.•.t:Nd'AV.VIN.ISIWISA...lA...
�� .............. ..it'{Y.Y.:7:•S:X::.i:t .A..��t
.s ....�..............._...............................ta....t.a.ti..t.r.x.�........ ...» ........a.su.sr:::.........s_.a•:::r•._.........S.................... .3s tiA ...... .}a-c............_............ �Z.�.. :.?� 4\7�!.
................nvx.............�.a..........r......................................tt.....x.. .....n......�....................................ti....t....r....t........ .n.. ..ti.. ..t.. .ts..x........ :s .a. t.+m w.�:ivY�:xr
�'.:::.r}t.� . 1.. . . ..« ...... . ... .�./�.� ...1. . .yLA t. . . ..�......A......1 . l .{:........... 11::;A'..L...tt:.....»5•1J:A:t:�::i'.t..y ..SNl�S••X1:L't:•':'k::'i'.�:V.^.•:..'•.t: t..ttf.���M ....1.�'.....
'..1...«:J. . . .}� . L .t...J.Y....•..5 .� • �±1 .t.�..� .. � ..��j� ....'Y.:'�t:.•'N:�+(.�(.� ...•.�M1..T.�.'�l.•.\..�.t.:::Ti•.'I'." ..J.....«. i1:1!'�.� ..5... .:.1... S:Yttl•::•t.:Vl.•.::'..'.:l.t•::II'..'•�t..�'
............ .�..{•�(.�.xf.�(�xt vxR-�.x�• •.v.y�•�•� nv_x S.yy� :''�. . ..}}N+.r...a�x.:..s ',�,�}j�'�.:wr.t..14•r.ir.:i•r�xvu.r.k...t.r•a�x:......_r�•• n. 1 w��..\un::ay::o•r ..•..a�,�,�';
.W iF •r.•.iv•• •r.r.:-••r?�x•r v.•n}:•r�ur. xx�S!i":fni55:Si�.�"t{-zia!•:ukistiuvx•:l.uxt:?s���'iivxvt.ii�h�':::n-�•tars::•ry'�isv:a.:�^..r:.:r
::::v:::•.: ..�!iR�.lYF:�K�ff?:�•ii_:»a:.a:�!IE�:�..Y'V�li",�c;nm�i fi...ti/a:•!�,',rsv:�.�.+.�.���i:v�av,•,y?:ii:nw!f�{5l.i!!5!X{fC.�..« s^::; s. ..'�.+-
.....;;.,...... r!h... _ ................ ... . 1 .. . .. .........�:. ......, .. ...... .�a.^..h.. ...a�.� ..s.... is.. ....r..........._i._......_::. ..n..
References in the shaded area are for Lender's use onfy and'do not fimit the appIicability of this document to any particular loan or item.
Any item above containing""`"has been omitted due to text I'ength(imitations.
Borrower: Constantinos J.14�alffos(SSN: 181-42-8336) Lender: COMMERCE BANK/FIARRISBURG N.A.
715 Sandbank Road COMMERCIAL MORTGAGE DEPARTMENT
' Mt.Holly Sprtngs,PA 17065 100 SENATE AVENUE
CAMP HILL,PA t7011
- • (71�975-5630
Affiant: Vasiliki Mallios(SSN: 161-32-5536)
� ' 224 Heisers Lane
Carlisle,PA 17013 �
� DISCLOSURE FOR CONFESSION O� JUDGMENT �
t AM EXECUTING,THIS �?�� DAY OF ��1''�M�i�� ,2D��.,A GUARANTY FOR AN UNUMITED AMOUNT.
A. 1 UNDERS7AND THAT THE GUARANTY CONTApVS A CONF�SSION OF JUDGMENT PROVISION THAT WOULD PERMIT LENDER TO.ENTER
JUDGMENT AGAINST ME 1N COURT,AFTER A DEFAULT ON THE GUARAMY,WITHOUT ADVANCE NOTICE TO ME AND WITHOUT'OFFERING
ME AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT. IN EXECUTING THE GUARANTY, BEING FULLY AWARE.OF MY i
RIGHTS TO ADVANCE NOTICE AND TO A HEARING TO CONTEST THE VALIDITY OF ANY JUDGMENT OR OTHER CI.AIMS THA7 I.ENDER
MAY ASSERT AGAINST ME UNDER THE GUARANT'Y I AM KNOWINGLY, INTELLIGENTLY, ANO VOLUNTARILY WAIViNG THESE RIGHTS,
INCLUDING ANY RlGHT TD ADVANCE NOTICE OF THE ENTRY OF JUDGMENT, AND 1 EXPRESSLY AGREE AND CONSENT TO LENDER'S
ENTERING JU GMENT AGAINST ME BY CONFESSIC?N AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION. �
INITtALS: '°•'.,� ;ti�-�.;-,;::��:.:�::•
::::��:�::
� B. I FURTHER UNDERSTAND THAT IN ADDITiON TO GIVING LENDER THE RIGHT TO ENTER JUDGMENT AGAINST ME WITHOUT ADVANCE
NOTICE OR A HEARING, THE CONFESSION OF JUDGMENT PROVISION IN THE GUARANTY ALSO CONTAINS LANGUAGE THAT WOULD
PERMIT LENDER, AFTER ENTRY OF JUDCMENT, AGAIN WITHOUT EITHEFi ADVANCE NaTlCE OR A HEARING, TO EXECUTE ON THE
JUDGMENT BY FORECLOSING UPON, ATTACHING, LEVYING ON, TAKING POSSESSION OF OR OTHERWISE SEIZING MY PROPERTY, IN
FULL OR PARTIAL PAYMENT OF THE JUDGMENT. IN EXECUTtNG 7"HE GUARANTY, BEING FULLY AWARE OF MY RIGH'fS TO ADVANCE
NOTICE AND A HEARING AFTER JUDGMENT !S ENTERED AND BEFORE EXECUTION ON THE JUDGMENT, I AM KNOWINGLY,
INTELLIGENTLY AND VOLUNTARILY WAIVING THESE RlGHTS, AND I EXPRESSLY AGREE AND CONSENT YO LENDER'S IMMEptATELY �
EXECUTING ON THE JUDGMENT, IN ANY MANNER PERMITTED BY APPLICABLE STATE AND FEDERAL I.AW, WITHOUT GtVING ME ANY
ADVANCE NOTICE.
,............ s:::::::•
INITIALS; �''`"'"� �::•°'':•
titr f �...:;:r•::
�� , !
C, AFTER HAVING READ AND DETERMINED WHlCH OF THE FOLLOWING STATEMENTS ARE APPLICABLE,AND BY PLACING MY INIl'IALS !
NEXT TO EACH STATEMENT WHICH APPUES,I REPRESENT THAT: �
INITtALS
� 1. I WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNSEL IN CONNECTION WtTH THE GUARANTY.
J�•
2. A REPRESENTATIVE OF LENDER SPECIFICALLY CALLED THE CONFESSION OF JUDGMENT PROVtSION(N THE GUARANTY
TD MY ATTENTION.
p. I CERTIFY THAT MY ANNUAL INCOME EXCEEDS$10,000;THAT THE BLANKS IN THlS DtSCLOSURE WERE FlLLED IN WHEN I 1NITIALED
AND SIGNED IT;AND THAT I RECEIVED A COPY AT THE TIME OF SIGNfNG.
THIS DISCLOSUR� IS GIVEN UNDER SEAL AND IT IS INTENDED THAT TNtS DISCLOSURE !S AND SHALL CONS7ITUTE AND HAVE THE
EFFECT OF A SEALED INSTRUMENT ACCORDlNG TO LAW.
AFFIANT:
�
` �•:,:. :::.:::::<�>:;:::�::.�:•:�::::::
<:��'
X:::::.:•.. :'>• Seat
,; '':� )
..... . . . ......: .. ..:.: ..,.••:::�•....... •:... ..
Vasf(Iki Mallios,Individuaily
I
• ULSER PAO lsn6rg,V�r.G H.10.06 Lopr:Wrl�nd fMnetai 9s1u1brN.Me.1997.2u0t M R�p1iU R�a�n�G •PA ItiWiNAPPL\LPN7NVCFILLi'LSWO.FC TRJl67 PA•18 � I
. • i
�
i
� �
� '�..J��� . ' . � w _ � .
��: � .{�} �-.i-
���i:�+_�T �� �����..��
}�#�*.t 1✓�1 i J«~i 1 ^� '.J���il
r��. .������,�..f�r..;f, �:�. ��;.��: ���.� � .
REC�RDATIC3N
REQUESTED BY: �Qa� ��� �� flCi 11 l�
c�n�nnE�c�
BANKlHARRISBURG N.A.
C4MMERCIAL
MORTQAGE
DEPARTMENT � �
. 100 SENATE AVENUE
� CAMP HIt,L,PA 17011
i
. ,
' WHEN R�CORDED MAtL .
' TQ;
' - cannnnE�c��
� BANK/HARRISBURG N.A.
COMMERCIAL
MORTGAGE �
� DEPARTMENT �� �
'f Op SENA7'E AV�NUE "
CAMP HIL�.,PA 17011
, ' SEND TAX NOTIC�S TO: . ����.
. caM�n�RCE .
$ANK/HARRISBURG N.A.
• COMMERCIAL . '
� MORTGAGE �
' DEPA�t'fMENT �
; r � 300 SENATE AVENUE
; CAMP HIl»L,PA 17011 • FOR�tECC1RDER'S USE ONI.Y_
�
; MORTGA�E
' THIS NIC�RTGAGE dated ecember 02, 2444, made and executed between Vasilikl Malligs,
whose address is 224 He�s , �s e, � A 17013 ireferred ta below as "Grantor") and
; 'COMMERCE BANK1�ikRRI5BURG N,A., whose address is 10Q SENATE AVENUE, CAlVIP M1Lt.,
PA 17C111 (referred to belraw as "tender"). � ;
GRANT C►F MC}RT{iAGE. For ualaabte consideration, Grantcrr grants, bargains, sells, conveys, assigr�s, transfer�,
� releases, confirms and mortgages to Lender all of Grantar's right, title, and interest in and ta the foliowing d�scribed
real �raperty, together with a0 existing a� subsequently erected ar affixsd buildings, improvements and #i�ctures; a!I i
straets, ianes, �alieys, passages, and ways; alt easements, rights of way, a(i iiberties, privitsges, tenements, '
! hersditaments, and appurtanances the�eunto belonging o�anywise m�de appurtenant hereafter, and the reversians �nd
cemainders with respect there#o;all water, water rights, wateraourses and ditch righ#s{Enclud3ng stock in util'�ties with
� � ditch or irrigatfan rights); and all other rights, royalties, and profits relating�to the real property, including without
limitation all minerals, ail,gas,geothermat and similar matters, �th8 ��Re�) PropeYty"} located.in Cumberiand .
County, Commonwea�th af Pennsylvania:
See Exhibit "A'`, which is attached to this Mortgage and made a part of this Mortgage as if
fufly set forth herein.
The Real Praparty or its address is commoniy knawn �s 224 Heiser Lane, South Middleton
Township, Carlisie, PA 17CJ13.
Grantor presently assigns to�ender ail of Grantor's rlght,title,snd interest in and to at!present and future leases of the
Property and al{�Ren#s from the Property. In add'rtian, Grantor grants to Lender a Uniform Commerciai Code security
intarest in tha Personal Property and Rents.
THIS MORTGAGE, INCLUDING TNE ASStGNMENT OF RENTS A�lD THE SECURITY iNTER�ST IN TNE FiENTS AI�D
PERSONAL.PROPERTY,15 GlVEN 70 SECURE �A) pAYMENT OF THE INDEBTEdNESS AND (B► P�RFORMANCE 0�'
ANY AND ALL {}Bl.1GATlCtNS UNDER TH� NOTE IN THE ORiGINAt, PFtINCIPA�. AMtaUNT OF $400,00{}.00, THE
RELATED DOCUMENTS, AND THIS MORTGAGE. THIS M�RTGA(3E IS GIV�N AND ACCEPTED ON THE FOLLOWING
TERMS;
GRANTOR"S WAIVERS. Grentor waives all rights or detensgs arising by reason of any "one aation"ar"anti-defiaiency"
law, or any other law which may prevern �ender from bringing any action against Grantor, inoluding a ctaim for
deficiency to the extent Lender is otherwise entitled to a claim for deficiency, before or after Lendet's commencement r
�
. I
i
�
�
_
;
�
�
C3� � � �� �� � � � �
�
i
}
i
�
�
;
MORTGAGE
. (Continued) � Pa9e 2
or completion of any foreclosure ar,tion,either judicially o�by exercise of a pvwer of sale.
GRANTOR'S REPRESENTATIONS AND WARRANTIES. Grantor warrants that: (a) this Mortgage is executed at
Borrower's request and not at the request of Lender; (b) Grantor has the full power, right, and authority to enter into
this Mortgage and to hypothecate the Property; Ic) the provisions of this Mortgage do not conflict with, or result in a
default under any agreement or other instrument binding upon Grantor and do not result in a viotation of any law,
, regulation, court decree or order applicable to Grantor; (d) Grantor has established adequate means of obtaining fram
Borrower on a continuing basis informatian about Borrower's flnancial condition; and (e) Lender has made no
representation to Grantor about Borrowe�(including without limitation the creditworthiness of Borrower).
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Mortgage, Borrower shall pay to Lender all
� Indebtedtiess secured by this Morfgage as it bacomes due, and Borrower and Grantor shall strictly perform all
� Borrower's and Grantor's obligations under this Mortgage.
� POSSESSION AND MAINi"ENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower's and Grantor's
possession and use of the Property shall be governed by�the following provisions:
Possessian and Use. Untll the occurrence of an Event of Default, Grantor may il) remein in possession and
control of the Property; (2) use,operate or manage the Property;artd (3) collect the Rents from the Property.
Duty to Maintaln. Grantor shall maintain the Property in tenantable condition and promptly perform all repairs,
replacements, and maintenance necessary to prese�ve its value.
ComplEance_With Environmental Laws. Grantor represents and warrants to Lender that: (1) Du�ing the period of
Grantor's ownership of the_Proper�,,there ha�been..n4 t�,s�g�rter_ation,_manufaciu�e,..storage,.treatmer.�t,-disposaJ,- - --- �
� release or threatened release of any Hazardous Substance by any person on, under, about or fram the Property;
(2) Grantor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and '
acknowledged by Lender in writing, (a} any breach or violation �f any Environmental Laws, (b) any use,
� generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
on, under, about or from the Property by any prior owners or occupants of the Property, or {c) any actual or
� threatened litigatio� or claims of any kind by any person relating to such matters; and (3} Except as previousfy
disclosed to and acknowledged by Lender.in writing, (a) neither Grantor nor any tenant,contractar, agent ar other
authorized user of the Praperty shall use,generate, manufacture,store,treat,dispose of or release any Hazardous
Substance on, under,about or from the Property;and (b) any such activity shall be conducted in compliance with
a(I applicable federal, state, and local laws, regulations and ordinances, including without limitation all
Environmental Laws. Grantar authorizes Lender and its agents to enter upon the Property to make such
inspections and tests, at Grantor's expense, as Lender may deem appropriate ta determine compliance of the
� Property with this section of the Mortgage. Any inspections or tests made by Lender shal! be for Lender's
� purposes only and shall not be construed ta create any responsibility or liability on the part of Lender to Grantor or
� to any other person. 7'he representations and warranties contained herein are based on Grantor's due diligence in
i investigating the Property for Hazardous Substances. Grantor hereby (11 refeases and waives any future claims
� against Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under
� any such(aws;and (2► agrees to indemnify and hold harmless Lender against any and all claims, (osses, liabilities,
damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a bteach
of this section of the Mortgage or as a consequence of any use, generation, manufacture, storage, disposal,
release or threatened release occurring prior to Grantor's ownership or inte�est 1n the Property, wheth�r or not the
same was or should have been known to Grantor. The provisions of this section �f the Mortgage, including the
obligation to indemnify, shall survive the payment of the tndebtedness and the satisfaction and reconveyance of
_ the lien of this Mortgage and shall not be affected by Lender's acquisitlon of any interest in the Property, whether
by foreclosure or otherwise.
� Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any
stripping bf or waste an or to the Property or any portion of the Property. Without limiting the generality of the
- foregoing, Grantor will not remove, or grant to any other party the right to remove, a�y timber, minerals (including
_ � oil and gas},coal,clay,scoria,soil,gravel or rock products without Lender's prior written consent,
;
�
Removal of Improvements. Grantor shall not demolish�or remove any Improvements from the Real Property
� � without Lender's prior written consent. As a condition to the removal of any Improvements, lender may require ,
Grantor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least
equal value.
Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all
reasonable times to attend to Lender's interes�s and to inspect the Real Property for purposes of Grantor's
compliance with the terms and conditians of this Mortgage.
Campliance with Governmental Require►nents. Grantor shall promptly comply with aA laws, o�dinances, and
regulations, now or hereafter in effect, of all governmental authorities appOcabls to the use or occupancy of the
Property, including without limitation,the Americans With Disabilities Act. Grantor may contest in good faith any
�
i
�
� � . . � ����� � i
. � � � �
�
�
, �
, . , .t Y .
MORTGAGE
{Continued} � Pa�e s
such law, ordinance, ar regulation and withhald c�mpliance during any praceeding, including apprapriate appeals,
so lang as Gracttor has no#ified Lender in writing prior to doing so and so long as,in Lender's sole opinion,�ender's
- interests in the Proparty are not jeopardized. Lender may require Grantar to past adequate security or a surety
- 'bond,reasonably satisfactary to�Lende�,to pratect Lender's interest. •
Duty to Protect. Grantor agrees neithar to�abandon or leave unattendsd the Property. Grantor shaif da ail other
. acts,in addstion to thasa acts set forth above in this sectian,which fram the character and use of the Property are
reasonabty necessaryto p�otect and preserve the Property,
TAXES AND L!�lUS, The following p�ovisions retating to the taxes and liens on the Praperty are�art of this Mortgage:
Payment. Grantor shafl pay when due(and in alf events prior to detinquency)ail texes,payroil taxes,specisi taxes,
assessments,v+rater charges and sewer service charges levfed against or on account of the Praperty, and shal!pay
when due a{I elaims for work done on or for services rendered or material fe�rnished ta the Property. Grantor shalt
rnaintain the Praperty free of any liens having priority over or equal ta the interest of Lender under this Martgage,
except for those i�ens specificall.y.agreed to in writing by I.ender,and eXCept for tt�e lien of taxes and assessments
not due as further specified in the Right#o Cantest paragraph.
Rlg�t to Contest. Gran#at rnay withttold payment of eny tax,assessment,or claim in cannsction with a good faith
dispute over the obligation to pay,so long as Lender's interest in the Proper#y is not jeopardized. If a tisn arises or
' ls filed as a rssuit of nonpaymen#, Grantor shall wfthin fifteen (15) days after the lien arlses or, if a lien is filed,
�..: within fiftaen {15} days after Grantor,has natice of the filing, secure the discharge ot the (ien, or if raquested by
� Lender,,deposit with Lender aash ar a sufficient corparata surety bond ar other security s�tisfaatory to Lender in an
` amount's�ufficient to discharge the lien plus any costs and attorneys'fees,ar other charges that could acarue as a
_ i�;� result of a foreclasure or sale�under tha lien. In any cantest, Grantor shall defend itself and Lender and�shail
satisfy�any sdverse judgmen#before enforcemerit against the Property. Grantor sha!!name Lender as an additional
�i obligee under any surety bond turttished in the cantest proceedings.
- •� Evidence ot Payment, Grantar shat)upon.demand furnish to Lender sa#is#actory evidence of payment of the taxes .
� o►�assassments and shalt autharize the appropriate governmenta!official#o de(iver to Lender at any time a written
, statement of the taxes and assessments ageinst the Property.
! Notice.o,f„Constructian. Grantor shal(notify�ender at least�fteen{15} days before any wark is cammenced, any
� '� services are furnished, or any rnaterials are supplied to the Property, if any mechanic's lien, materialmen's lien, or '
( ,,; other lien could ba asserted an account of the wark, services, or materials. Grantor will upon request of Lender
� . furnish.,to,Lender advance assurances satisfactory to l.ender that Grentor can and will pay the cost pf such
� :: improvements, �.
i �� � PROPERTY DAMAG� INSURANCE. The following provisions relating ta insuring the. Property are a part of this
f Martgage:
_ � Maintenance of Insuranae. Grantar shall proaure and maintain policies of fire insurance with standard extended
" coverage endorsements on a �eptacemeM basis for the full insurable value cavering aEl Improvements Qn the fteal
; Proparty in an arnount sutfioient ta avoid appiicatian of any coinsurance clause, and with a standard mortgegee
� ; clause in favor af Lender. Grantor shall also procure and maintain comprehensive general liabifity insurance in such
� coverage amounts as Lar�der may request with l.ender belr�g named as ac3d�tianal insureds�n such Iiab3lity insurance
policies. Additic�nally, Grantar shall maintain such ather insurance, incfuding but not limited to haxard, business
ir�terresption and boiler insurance as Lender may require. Policies shall be written by such insurance campanies and
in such form as may be�raasanabiy accaptabte to Lender. Grantar shalf deliver to Lender certificates ot coverage
frQm esch ir�surer containing a stlpulatian that coverage.wfll not be cancelled or diminished without e minimum af
#en{10}days'prtt►r writtan rtotice to Lertder and not containing any disclaimer af the insurer's liability far#ailure to
give such notice. Each insurance policy alsa,shall include an endorsement providing that cnverage in favor of
l.ender wit!not be impaired in any way by any act,ornission or defautt of Grantor ar any othe�persan. Should the
' Real Property be iacated in an area designated by the Direatar of ths Federal Emergency Management Agency as a
� spealal flood hazard area, Grantor egrees to abtain and maintairr Federal Flaod Insuranae, if available, within 45
days after notiae is given by�ender tha#,the Ps'operty is located in a�special fload hazard area, for#he fuil unpaic!
principal balance af the loan and any prior liens on the property securing the loan, up to the maximum polfcy limits
� set under the Natignat F(ood lnsurance Program, or as aiherwise required by Lender, and to mafntain such
insurance for tha term of the taan. . !
? Applfcation of Proceeds. Grantor shaN pramptly no#ify Lender of any loss or damage to the Praperty. Lender may �
make proaf af toss it Grantor fails to da sa within fifteen (15} days af tha casualty. Whether or not Lender's
security is impaired, Lender may,at Lend�r's electlon, receive and retain the prooeeds oi any insurance and apply
the proceeds ta#he reduction of the Inc#ebtedness, payment of any iian affecting the Property, ar the restoration ;
and repair af the Proparty. If Lender elscts to apply the prooeeds to restoration and repair, Grantor shall rspair ar i
replace the damaged or destroyed impravements in a manner satisfactory ta Lender. l.ender shall, upvn I
satisfactory proaf of such expenditure, pay or reimburse Grantar fram the praceeds far the reasonable cost af '
�
�
�� � �
�� 1 �� � 1 1
�
�
� �
�/IORTGAGE
(Continued) Page 4
;
� repalr or restoration if GrAntor is not i�default under this Mortgage. Any proceeds which have not been disbursod
j within 180 days after their receipt and which Lender has not committed to the repair or restoration of the Property
shall be used first to pay any amount owing to Lender under this Mortgage, then to pay accrued interest, and the
' remainder, if any, shail be appiied to the principal balance of the Indebtedness. if Lender holds any proceeds after i
� payment in full of the Indebtedness,such proceeds shall be paid to Grantor as Grantor's interests may appea�.
�
{ LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in
? the Property ar if Grantor fails to comply with any provision of this Mortgage or any Related Documents, including but
not limited to Grantor's failure to discharge or pay when dus any arnounts Grantor is required to discha�ge or pay under
this Mortgage or any Related Oocuments,l.ender on Grantor's behalf may(but shall not be obligated to)take any action
that Lender deems appropriate, including but not (imited to discharging or paying all taxos, liens, security interests,
, encumbrances and other claims, at any time levied or placed on the Praperty and paying al) costs for lnsuring,
f maintaining and preserving the Property. Af(such expenditures incurred or paid by Lender for such purposes will then
i bear interest at the ra#e charged under the Note trom the date incurred or paid by Lender to the date of repayment by
� Grantor. All such expenses wiN become a part of the Indebtedness and, at Lender's option, will (A) be payable on
demand; (B) be added to the balance of the Note and be apportianed among and be payable with any installment
payments to become due during either (1) the term of any applicable insurance policy;or (2) the remaining term of
the Note;or (C) be treated as a balloon payment which will be due and payable at the Note's maturity. The Mortgage
also will secure payment of these amounts. Such right shall be in addition to a!I other rights and remedies to which
� Lender may be entitled upon Default. Grantor's obligation to Lender for all such expenses shall survive the entry of any
mortgage foreclosure judgment.
WARRANTY; DEF�NSE OF TITLE. The following provisians relating to ownership of the Property are a part of this �
Mortgage:
Title. Grantor warrants that: la) Grantor holds good and marketahle title of record to the Property in fee simple,
free and clear of all liens and encumbrances other than those set forth in the Real Property description or in any
title insurance policy, title report, or final title opinion issued in favor of, and accepted by, l.ender in connection
with this Mortgage, and (b)Grantor has the full right,pvwer,and authority to execute and deliver this Mortgage to
� Lender.
; Defense of Tftle. Subject to the exception in the paragraph above, Granto� warrants and will forever defend the
f title to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced
I that questions Grantor's title or the interest of Lender under this Mortgage, Grantor shall defend the action at
Grantor's expense. Grantor may be the nominal party in such proceeding, but Lender shall be entitled to
1� participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and
Grantar will deliver,or cause to be delivered,to Lender such instruments as Lender may request from time to time
I to permit such participation.
j Cornpliar+ce With Laws. Grantor warrants that the Property and Grantor's use of the Property complfes with a!1
iexisting applicable laws,ordinances, and regulations of governmental authorities.
1 Survival of Representations and Warranties. A{I representations, warranties, and agreements made by Grantor in
this Mortgage shall survive the execution and delivery of this Mortgage, shall be continuing in nature, and shafl
! remain in full force and effect until such time as Borrower's Indebtedness shall be pald in full.
I
CONDEMNATION. The following provisions relaiing to condemnation proceedings are a part of this Mortgage:
_ I Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and I
' Grantor shall promptly take such steps as may be necessary to defend the action and obtain the award. Grantor I
� may be the nominal party in such proceeding, but Lender shall be entitled to participate in the proceeding and to be
i represented in the proceeding by counsel of its own choice, and Grantor wil! deliver or cause to be delivared to �
� Lender such instruments and dacumentation as may be requested by Lender from time to time to permit such
� participation.
; Application of Net Proceeds. If aH or any part of the Property is condemned by eminent domain proceedings ot by
I any proceeding or purchase in lieu of condemnation, Lender may at its election requfre that all or any portion of the
: � net proceeds of the award be applied ta the Indebtedness or the repair or restaration of the Property. The net �
� - proceeds of the award shall mean the award after payment of all actual costs, expenses, and attorneys' fees
i incurred by Lender in connection with the condemnation.
IMPOSITiON OF TAXES, FEES AIVD CHARGES BY GOVERNMENTAL AUTHORITIES. The following provisions ralating
to governmental taxes,fees and charges are a part of this Mortgage:
f Current 7axes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to
this Mortgage and take whatever other action is requested by Lender to perfect and continue Lender's lien on the
Real Praperty. Grantor shall reimburse l�ender for all taxes, as described below, together with all expenses •
°� ineu�red in recording,'perfecting or continuing this Mortgage, including without limitation all taxes, fees,
i
i
' � � � �' � s-�� �� �
, �� I
, �
' ' �, ��=,. �
MORTGAGE
� � tCan#inued� Pa�e 5
documentary stamps,and other charges for recording or registering this Martgage,
Taxes. The fotlowing shal! constitute taxes to whjch #his section applies: �'t} a specific tax upon th�s type af
' Martgage or upc►n all or any part of the Indebtedness secured by this Mortgage; (2) a specific tax on Borrower
which Barrower is authorized or required to deduct #rom payrrtents an the lnd�btedness secured by this type of
Martgage; {3► a tax an this type of Mortgage chargeahle against tha Lender or the holdar of the Npte;and t4� a
spscific tax on al!or any partion of the lndebtedness or on payments of principal and inte�est made by Borrawer.
Subsequent Taxes. If any tax to which this sectian applies is enacted subsequent ta the date of this Martgage,
this event shall have the same effeci as an Event af Default, a�nd Lender may exercise any or ell nf�#s evaflable
remedies for an Event of Refaul# as provided belaw unless Grantar either {�) pays the tax before it becomes
delinquent, or (2) cantests ihe tax as provided above in the Taxes and �.iens saction and deposits with �ender
cash or a suffiaient corporate surety bond or ather aecurity satisfactory to�ender.
SECURITY AGREEMENT; FINANCING STATEMEN7'S. The following provisions relating to this Mortgage as a security
agreement are a psr#of th3s Mortgage; �
Seaurity Agreement. This instrument shall cnnstitute a Security Agreement to the extent any af the Property �
' canstitutes fi�ctures, and Lender shall hz�ve aEl of the r'�gh#s c�f a secured party under the Unifarm CommerciaE Code
as amended from time to time.
, Sacurity lnterest. Upon request by Lender, Grantor sha#I take whatever aation is requested by Lender ta perfect
� and continue Lender's security interest in the Rents and Personal Property. in addition to recarding this Mortgage
in the rea!proper#y records, Lender may, at any time and withaut further au#horfzation from Granto�,file executed �
�� caunterparts� capies ar reproductians af this Nfortgage as a financing sta#ement. Grantar sha11 reimbutse�ender
' for all expenses incurred in perfecting ar continuing this sscurity interest. Upon default, Grantor shall not remove,
sever or cieiach tha Personat Property fram the Propsrty. Upon default, Grantor shall assembie any Persona!
. Property not affixed to the Property in a manner and at a place reasonably conven'ient to Grantor and Lender and
make it available to Lender within three {3� days after receipt of writtsn demand from Le�der to the extent
perrnitted by applicable taw, ' .
Addresses. The malling addresses af Grantnr (debtor} and Lender (secured party) from whfch infarmatlon
caneerning ths security interest grantad by this Martgage may be ob#ained {�ach as required by tfi�e Unlform
• Commercial Code)are as st�ted an the first page of this Martgage,
FURTFIER ASSURANCES,ADDiT10l1tA�.AUTNORtxATCflNS. The fallowing provisions relating to further assurar►ces and
additional'�au"t'horizatinns are a part of this Mortgage: ,
Further,Assurances. A#any tirr►e, and€rom time to time, upon requsst of Ler►der,Grantor wi!! make,execute and i
_ deliver,�or will cause ta be made,executed or detivered,to Lender or ta Lenda�'s designee,and when requested by '
Zender, cause to be filed, recarded, re�lsd, or rerecorded, as the case may be, at such times and In such officas
� and places as Lender may deem appropriate, any and all such rnortgages, deeds af t�ust, security deeds,security
a reements, financin statements, continua#ian statemenis, instruments af further assurance, certificates, and �
9 9
other documents as rnay,in the sote opinion af Lender, be necessary or desirable in arder to ef#ectuate,campletej
perfect, cantinue, or preserve 11► Borrower's and Grantor's abligatians under the Note,this Mortgage, and the
Related Dacuments, and {�} the liens ar►d security interests crea#ed by this Mt�rtgsge as first and priar liens on
the Property, whether now awned ar hereafter acquired by Grantor. Unless prohibited by iaw or Lender agrees ta
the con#rary in wrtting, Grantor shall reimburse lender for aN casts and expenses incurred in cannection with the ,
' matters raferred to in this paragraph. �
�
Additlonal Authorizations. If Grantor fails to do any of the things referred to 'sn the preaeding paragraph, Lender
may da so for and in the r�ame o# Grantor and at G'ranta�'s expense. For such purposes, Grantor hereby
irrevocably authorizes l.ender to make, axecute,deliver,file,recard and do all other things as may be neeessary ar
desirable, in Lender's sole opinlor�, to accamp[ish the matters referred ta in the preceding paragraph. lt !s
'� ' undarstood that nothing set farth herein shalf require Lender to take any such actians.
FU�E. P�RFORMANCE. If Borrower pays a11 the Indebtecfness when due, and o#herwise parfarms all the obligatians
imposed upon Grantor under this Mortgage, Lender shali execute and deliver to Grantor a suitable satisfaction of thls
; Mattgage and suitable ststements of termination of any financing statement on file evidencing Lender's security i�terest
in�the Rents and the!'ersanat Proper#y. Grantor wi11 pay, if perrnitted by applicable law, any reasonable termination fee
' as determined by l.ender frc�m time to#ime.
� EVENTS C3F DEFAUl.7. Each of the fr�llawing, at �ender"s aption, shail canstitute an Event of Detault under this �
Mortgage:
Payment Defauit. Borrower fails to make any payment when dua undet the lndebtedness, �
Defau{t an Other Payments. Failure of Granior within the time required by this Martgage Co make any payment far
taxes ar insurance, or any other payment necessary to prevent filing of or to ef#ect cfischarga af any Cien.
� �
�
� � U � 1 ��� � � � ,
�� �
�
�
�� MORTGAGE
(Continued) Page'6
Other Defau{ts. Borrower or Grantor fails to comply with or to perform any other term, obligation, covenant or
condition contained in this Mortgage or in any of the Related Documents or to comply with or to perform any term,
, obligation,covenant or condition eontained in any other agreement between Lender and Borrower or Grantor,
Defauit in Favor of Third Parties, Should Borrower or any Grantor default under any loan, extension of credit,
i � security agreement, purchase or sales agreement,or any other agreement, in favor of any other creditor or person
; � that may materialiy affect any of Borrower's or any Grantor's property or Borrower's abifity to repay the
� Indebtedness or Borrower's or Grantor's ability to perfo�m their respective obligations under this Mortgage or any
related document.
Fa1se Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or Granto�
or on Borrower's or Grantor's behalf under this Mortgage or the Re(ated Documents is false or misleading in any
material respect, either now or at the time made or furnished or becomes false or misleading at any time
thereafter.
Defectiva Collaterapzation. This Mortgage or any of the Related Documents ceases to be in full force and effect
(including failure of any collateral document to create a valid and perfected security interest or lien)at any time and
for any reason.
IDeath or Insolvency. The death of Borrower or Grantor,the insolvency of Borrower or Grantor,the appointment of
1 a receiver for any part of Borrowar's or Grantor's property,any assignment for the benefit of creditors, any type of
� creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency taws by or against
Borrower or Grantor.
Creditor or Forfelture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
proceeding, self-help, repossesslon or any other methad, by any creditor of Borrower or Grantor or by any
': governmental agenc.y against any property securing the Indebtedness. This includes a garnishment of any of
' Borrower's or Grantor's accounts, including deposit accounts, with Lender. However, this Event of Default shall
! not apply If there is a good faith dispute by Borrower or Grantar as to the validity or reasonableness of the claim
which is the basis of the creditor or forfeiture proceeding and if Borrower or Grantor gives Lender written natice of
the creditor or forfeiture praceeding and deposits with lender monies or a surety bond for the creditor or forfeiture
� proceeding,in an amount determined by Lender, in its sole discretion,as being an adequate reserve or bond for the
dispute.
' Breach of Uther Agreement. Any breach by Borrower or Grantor under the terms of any other agreament between
Borrower or Grantor and Lender that is not remedisd within any grace period provided therein, including without
limitation any agreement concerning any indebtedness or other obligation of Borrower or Grantor to Lender,
; whether existing now or later.
Events Affacting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the
' Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability
under, any Guaranty of the Indebtedness. In�the event of a death, Lender, at its option, may, but shall not be
required to, permit the Guarantor's estate to assume unconditionally the obligations arising under the guaranty in a
� manner satisfactory to l.ender, and,in doing so,cure any Event of Default.
� Adverse Change. A material adverse change occurs in Grantar's financial condition, or Lender believes the I
prospect of payment or performance of the Indebtedness is impaired. ,
� � Ins@curity. Lender in good faith belfeves itsel#insecure. i
' � Right to Cure. If any default,other than a default in payment is curable and if Grantor has not been given a notice
of a breach of the same provision of this Mortgage within the preceding twelve (12} months, it may be cured if
� Grantor, after reeeiving written notice from Lender demanding cure of such default: (1) cures the default within
� fifteen (15)days;ar (2) if the cure requires more than fifteen t15)days, immediately initiates steps which Lender
jdeems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all
� reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
' � RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default and at any time thereafter,Lender,
at Lender's aption, may exercise any one ar more of the following rights and remediss, in addition to any other rights or
; remedies provided by law:
t � Accelerate Indebtedness. Lender shall have the right at its option, after giving such notices as required by
applicable law,to declare the entire Indebtedness immediately due and payable.
' UCC Remedies. With respect to afl or any part of the Personal Property, Lender shalf have all the rights and
� remedies of a secured party under the Uniform Commercial Code.
� Collect Rents. Lender shall have the right, without notice t� 8orrower or G�antor, to take possession of the
; Property and, with or without taking possession of the Property, to collect the Rents, including amounts past due
and unpaid, and apply the net proceeds, over and abave Lender's costs, against the Indebtedness, In furtherance
�
�
� � �I
. U� f� ������ '
. , �� � ',
, ___ _. _ . .
MORTGAGE
(Continued) Page 7
� of this right, Lender may require any tenant or other user ot the Property to make payments of rent or use fees
directly to Lender. If the Rents are collected by Lender, then Grantor irrevocably authorizes Lender to endorse
' instruments received in payment thereof in the name of Grantor and to negotiate the same and collect the
proceeds. Payments by tenants or other users to Lender in response to l.ender's demand shaU satisfy the
; obligations for which the payments are made, whether or not any proper grounds for the demand existed. Lender
Imay exercise its rights under this subparagraph either in person, by agent,or through a receiver.
' Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of ali or any part of
( the Property, with the power to protect and preserve the Property,to operate the Property preceding foreclosure or
sale, and to collect the Rents from the Property and apply the proceeds, over and above the cost of the �
receivership, against the Indebtedness. The receiver may serve without bond if permitted by law, Lender's right
to the appointment af a receiver shal) exist whether or not the apparent value of the Property exceeds the
Indebtedness by a substantial amaunt. Empioyment by Lender shall not disqualify a person from serving as a
receiver.
Judicial Foreclosure. Lender may obtain a judicial decree foreclosing Grantor's interest in a�l or any part of the
Property.
Possession of the Property. For the purpose of procuring possession of the Property, Grantor hereby authorizes
and empowers any attorney of any court of record in the Commonwealth of Pennsylvania or elsewhera,as attomey
for Lender and all persons claiming under or through Lender, to sign an agreement for entering in any competent
court an amicable action in ejectment for possession of the Property and to appear for and confess judgment
against Grantor, and against all persons claiming under or through Grantor, for the recovery by Lender of
possession of the Property, without any stay of execution, for which this Mortgage, or a copy of this Mortgage
verifisd by affidavit, shall be a sufficient warrant; and thereupon a writ of possession may be issued forthwith,
without any prior writ or proceeding whatsoever.
Nonjudicial Sale. If permitted by applicable law, Lender may foreclose Grantor's interest in all or in any part of the
Personal Property or the Real Property by nan-judicial sale.
Deficiency Judgment. Lender may obtain a judgment for any deficiency remaining in the Indebtedness due to
Lender after application of all amounts received from the exercise of the rights provided in this section.
Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property is sold as provided I
above or Lender otherwise becomes entitled to possessian of the Property upan default of Grantor, Grantor shall
become a tenant at sufferance of Lender or the purchaser of the Property and shatl, at Lender's opxion, either �1!
pay a reasonable rental for the use of the Property, or (2) vacate the Property immediately upon the demand of
Lander. �
Other Remedies. Lender shall have all other rights and remedies provided in this Mortgage or the Note or available
� at law or in equity. �
Sale of the Property. To the extent permitted by applicable taw, Borrower and Grantor hereby waives any and all
right to have the Property marshalled. In exercising its rights and remedies, Lender shall ba free to sell atl or any
part of the Property together or separately, in one sale or by separate sales. Lender shall be eniitled to bid et any
public sale on al)or any portion of the Property.
Notice of Sale. lender shall give Grantor reasonable notice of the time and place of any public sale af the Personal
Property or of the time after which any private sale or other intended disposition of the Personal Property is to be
made. Unless otherwise required by applicable law, reasonable notice shal! mean.notice given at least ten (10)
f days before the time of the sale or disposition. Any sale of the Personal Property may be made in conjunction with
�
� any sale of the Real Properiy. �
Electlon of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and
an election to make expenditures or to take action to perform an obligation of Grantor under this Mortgaga, efter
Grantor's failure to pertorm,shall not affect Lender's right to declare a default and exercise i�s remedies. Nothing
under this Mortgage or otherwise shall be construed so as to Ilmit ar restrict the rights and remedies available to
Lender following an Event of Default, or in any way to limit or restrict the rights and ability of Lender to proceed
? dlrecily against Granto�and/or Borrower and/or against any other co-maker,guarantor,surety or endorser and/or to
�
proceed against any other collateral directly or indirectly securing the Indebtedness.
' � . Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms af this Mortgage,
� � Lender shall be entitled to recover such sum as the court may.adjudge reasonable as attotneys' fees at trial and
� ; upon any appeal. Whether or not any court action is involved, and to the extent not prohibited by-law, all
reasonable expenses l.ender incurs that in Lender's opinion are necessary at any time for the protecti�n of its
' interest or the enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear �I
�i interest at the Note rate from the date of the expenditure untif repaid. Expenses covered by this paragraph include, ;
� � without limitation, however subject io any limits under applicable law, Lender's attorneys' fees and Lender's legal '
i .
�
�
�
� ��� . � �' �
�� � ��� � -- i
, ,
,
;
, .
, ,
,;_.
�
MORTGAGE
(Continued) pa9e 8
expenses, whether or not there is a lawsuit, i�cluding attorneys' fees and expenses for bankruptcy proceedings
f inciuding efforts to rnodify or vacate any automatic stay oJ injunctionl,appeals,and any anticipated post judgment
coliection services,the cost of searching records, obtaining title reports (including foreclosure reports), surveyors'
reports, end appraisal fess and title insurance,to the extent permitted by applicable law. Grantor also will pay any
� court costs,in addition to all othe�sums provided by law.
NOTICES. Unless otherwise provided by applicable law, any notice required to be given under this Mortgage shall be
given ln writing, and shall be effective when actually delivered, when actually received by teletacsimile {unless
otherwise required by law}, when deposited with a nationally recognized overnight courier,or,if mailed,when deposited
in the United States mail, as first class, certified or registered.mail postage prepaid, directed to the addresses shown
near tha beginning of this Mortgage. All copies of notices of foreclosure from the holder of any lien which has priority
over this Mortgage shall be sent to Lender's address, as shown near the beginning of this Mortgage. Any party may �
change its address for notices under this Mortgage by giving formal written notice to the othe�perties, specifying that
the purpose of the notice is to change the party's address. For notice purposes, Granto� agrees to keep Lender
informed at all times of Grantor's current address. Untess otherwise provided by applicable law, if there is more than
one Grantor, any�otice given by Lende�to any Grantor is deemed to�be notice given to all Grantors. .
MISCELLANEOUS PROVlSIOIVS. The following miscellaneous provisions are a part of this Mortgage:
Amendments. This Mortgage, together with any Related Documents, constitutes the entire undarstanding and
agreement of the parties as to the matters set forth in this Mortgage. No alteration of or amendment to this
. Mortgege:shall be effective unless given in writing and signed by the party or parties sought to be charged or
:, bound,by the alteratian or amendment.
Annual�•Reports. If the Property is used for purposes other than Grantor's residence, Grantor shall furnish to
Lender;��upon request, a certified statement of net operating income received fram the Property during Grantor's
'i previous fiscal year in such form and detail as Lender shall require. "Net operating Income" shall maan all cash
' recelpts frorn the Property less all cash expenditures made in connection with the operation of the Property,
Caption Headings. Caption headings in this Mortgage are for convenience purposes onfy and are not to be used to
interpret ar define the provisions of this Mortgage.
� Governing l.aw. This Mortgage will be governed by federa) (aw appficable to Lender and, to the extent not
� - preempted by federal law, the laws of the Commonwealth of Pennsylvania without regard to its conflicts of law
�`• provtsions. This Mortgage has been accepted by Lender in the Commonwealth of Pennsylvanfa.
„ Jolnt and�Several Liability, All obligations of Borrower and Grantor unde.�this Mortgage shall be joint and several,
' ,� and all references to Grantor shall mean sach and every G�antor, and all references ta Borrower shall mean each �
' �• and every Borrower. 7his means that each Borrower and Grantor signing below is responsible for all obligations in '
this Mortgage. �
� No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Mortgage u�less such
waiver is-given in writing and signed by Lender. No detay o�omission on the part of Lender in exercising any right
shall operate as a waiver of such right or any other right. A waiver by Lender of a provision of this Mortgage shal!
not prejudice or constitute a waiver of Lender's right otherwise to demand strict compliance with that provision o�
any other pravision of this Mortgage. No prior waiver by Lender, nor any course of dealing between Lendar and
_ � Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's obligations as to any future
transactions. Whenever the consent of Lender is required under this Mortgage, the granting of such consent by
- Lender ln.any instance shall not constitute continuing consant to subsequent instances where such consent is
required and in all cases such consent may be granted or withheld in the sole discretion of Lender,
Severability. If a court of competent jurisdiction finds any provision of this Mortgage to be illegal, invalid, or
unenforceable as to any circumstance, that finding shall not make the offending provisian illegat, invefid, or
unenforceable as to any other circumstance, If feasible, the offending provision shall be considered modified so
that it becomes legal, valid and enforaeable. If the offending provision cannot be so modified, it shaH be
conside�ed deleted from this Mortgage. Unless otherwise requlred by law,''the illegafity, lnvalidity, or
unenforceabllity of any prov+sion of this Mortgage shall not affect the legality,validity o�enforceability of any other
provision of this Mortgage.
Merger. There shall be no merger of the Interest or estate created by this Mortgage with any other interest or
estate in the Property ai any time held by or for the benefit of Lender in any capacity, without the written consent
- of Lender. i
Successor Interests. The terms of this Mortgage shall be binding upon Grantor, and upon Grantor's heirs, personal
representatives,successors,and assigns,and shall be enforceable by Lender and its successors and assigns.
Time is of the Esse�ce. Time is of the essence in the performance of this Mortgage.
DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this
. I
�
�
I
, � c7 ����d�� I
�� � � �� ;
i
� �
, �
'�
MORTGAGE
(Continued) Page 9
Mortgage. Unless specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful
money of the United States of America, Words and terms used in the singular shall include the plural, and the plural
shall include the singular, as the context may require. Words and terms not otherwise defined in this Mortgage shall
have the meanings attributed to such terms in the Uniform Commercial Code:
Borrower. The word "Borrower" means Constantinos J. Mallios and includes all co-signe�s and co-makers signing
the Note.
Defsult. The word"Default"means the Default set forth in this Mortgage in the section titled "Default".
Environmental Laws. The words "Environmental Laws" msan any and all state, federal and local statutes,
regulations and ordinances relating to the protection of human health or the environment, including without
limitation the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42
U.S.C. Section 9601, et seq. {"CERCLA"),tha Superfund Amendments and Reauthorization Act of 1986, Pub. L.
No, 99-499("SARA"),the Hazardous Materials Transportation Act,49 U.S.C.Section 1801,et seq.,the Resource
Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules,
or regulations adopted pursuant thereto,
Event of Default. The words "Event of Default" mean any of the events of default set torth in this Mortgage in the
events of default section of this Mortgage. �
Grantor. The word�"Grantor" means Vasiliki Mallios.' ' � ` � � .
. Guarantor. The word "Guarantor" means any guarantor, surety, or eccommodation party of any or all of the
` fndebteclne$s. , ,
Guaranty. The word "Guaranty" means the guaranty fram Guarantor to Lander, including wlthout limitation a
' guaranfy of all or part of the Note. .
Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity,
concentrati�n�or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard
to human health or the environment when improperly used,treated,stored,disposed of,generated, manufectured,
transported or otherwise handled. The.words "Ftazardous Substances" are used in their very broadest sense and
include without limitation any and all hazardous or toxic substances, materlals or waste as defined by or listed
under the Environmental Laws. The term "Hazardous Substances" also includes, without lirnitation, petroleurn and
:, petroleum by-products or any fraction thereof and asbestos.
, Improvements. The word "Improvements" means all existing and future improvements, buildirigs, structures,
, mobile hames affix�d on the Real Property, facilities, additions, replacements'and•other construction on the Real
Property. • �
Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
payable under the Note or Related Qocuments, together with all renewals of, exterisions of, modifications of,
. consofidations of and substitutions for.the Note or Related Documents and any amounts expended or advanced by
�ender to discharge Grantor's obtigations or expenses incur�eii by Lender to enforce Grantor's �bligations under
this Mortgage,together with interest on such amounts as provided in this Mortgage.
Lender. The w�rd"Lender"means COMMERCE BANK/WARRISBURG N.A., its successors and assigns.
Mortgage. The word"Mortgage"means this Mo�tgage between Grantor and Lender.
Note. The word "Note" means the promissory note dated September 17, 2002, II7 the original principal
amount of $400,0OO.OU from Borrower to Lender,together with all renewals of,extensions of, modifications
of,refinancings of,consolidations of,and substitutions for the promissory note or agreement, The maturity date of
the Note is None.NOTICE TO GRANTOR:THE NOTE CONTAINS A VARIABLE(N7EREST RATE,
Personal Prope�ty. The words "Personal Property" mean ali equipment, fixtures, and other articles of personal
property naw or hereafter owned by Grantor, and now or hereafter attached or affixed to the Real Praperty;
together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
properry; and together with all proceeds (including without limitatiori all insurance proceeds and refunds of
. premiums)from any sale or other disposition of the Property.
Property. The word "Property" means collectively the Real Property and the Personal Property. �
Real Property. The words"Rea!Property" mean the real propsrty, interests and rights, as further described in this j
Mortgage.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan .
agreements, environmen#al agreements, guarantfes, security agreements, mortgages, deeds of trust, security
deeds, collateral mortgages, and all other instrumsnts, agreements and documents, whether now or hereafter
existing, executed in connection with the Indebtedness. -
I
�
� � ��� ��G ���$� �
� �
,
�
i �
MORTGAGE
(Continued) Page 10
: Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and
, other benefits derived from the Property.
t ,
�
I GRANTOR ACKNOWLEDGES HAVING REAp ALL THE PROVISIdNS OF THIS MORTGAGE, AND GRANTOR AGREES
� TO ITS TERMS. �
THIS MORTGAGE IS GIVEN UNbER SEAL AND IT IS INTENDED THA7 THIS MOR7GAGE IS AND SHALL.CONSTITUTE
AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW.
� GRANTOR: r
r .:.�: �
X:>:;;:::
,�::�``::>::;:::;:<:;>:::<�::{:;:;;;:;::::;:::
�s er
e
:::( 1
. ... . .. -::::.�::.::::�:;::.::::::;::<•;:�•>:•
:. ,. . .::::::.�:::�•:•::�..:::. . ... .:.::::. . .............................:
asii� i Mal�os •
t
�
�
CERTIFICATE OF REStDENCE
� I hereby certify,that the precise address of the mortgagee, COMMERCE BANK/HARRtSBURG N. ,herein is as follows:
I COMMERCIAL MORTGAGE DEPARTMEN7, 100 SENATE AVENUE,CAMP HILL 701
!
A ey or Age t or Mortgagee
� INDIVIDUAL ACKN0INL DGMENT
� .
� COMMONWEA�7H OF PENNSYL.VANIA )
� / )SS
COUNTY OF � � k �� J
On this,the �,. day of �� �E� ,20��, before rne
, the undersigned Notary Public, personally appeared Vasiliki Mallios, known to
me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged
I that he or she executed the same for the purposes therein contained.
i
In witness whereof,I hereunto sat my hand and official sea
i
�
� �
I `�� i+c'w-��^! ":::�J Notary Pubiic i and far the Sta of
i "-^ i?. Shagin, I.}�r;tir�P;'�:�;c � � ertify �hzs
,=:r: 1• ,;:ircisburg, �ugi;i� r�,;:�„�y � to be record d
ExF�res r;.�.,� i::. _��t:., [� c)�h e
�!• �. ir�:.:it:iSt�tl 1.1111� 1
� � �� �:;1�IV d�tBASSflCfilf inn nf�+r.,.... -••d er al�d �o un�,pA
� � U E R P i p L �10,VM. . ,O0,005 COpI.HYIYIA FlIINCW SOIYlI011i,IpO.199],200{. N Hlphu Mwv�d. .PA H:1W�NAPpS�CDWIMC Tq-4�{7��^/PR•j/� .
. d, � �p•� `r � �i F''
♦ �
�`,�•�,
t r � �� .,,�
' v.
'�a � , i
�
�.ECpr�(eT' 0�,���ed
�
� � �
� � � ! f U��� � �.���aa1s� �er�ices �oan��.n� -
. �� � ^,�J NorlL Second SErset 8EL Floor H�rriebur� PA 17101
i
i
r �
/
. ' �`��MISSURY NC�TE � . =�
� l,M � ,•1
� l:M1.:.:.fiV •.v. .�Yd.y1:AbW t�. 1Y:nYL.htA..Y.:At t�� '�R:••u.VN„L�sYV:t•tY•.\ •Y1a....:•N�:��f.:f4V:h1•M 1iVNN}••Y NtMM1Y.5V1A1•.• 1.5Vt.•'},f::t:::A:.:..•l.•.J..1..� ':1't 1.:'R.:. t l y�
.:V �y} ' W.:7�:t't'J:::.:::• a� l. } • l.^..Y.X. ..h.AY:: 1.Y.5'.t4L •'.y� W .y� VVC".Yt::.�.LY:.•.'15•.ti/� } :::'Y::::t.{55::•.•�1:it.h J Y Ei'�. .�t 1 J '�;h�
: �.:-'y�. ., ... •�►a• -•••:kc::':•x.... .v.• '•:}a:_::nse .. • .•:":r.x:�h...\....u .s•}.{� }}r}•a!xv'v vv:f.•��a},•�'�{} ��(�{ .•k•r..:u::r::x.�a..:: 4. .t� J "J�n
' vr:•y ...��.t.l:i4:XiS .�::::.n�....r.:•�u �F7�r. ...T.�....- � . 5. {,�' s
............ ....... .«... .. 1't Y}:'h::.{'S.t; L7�•...l:T'�:t.::...y...T :tLS}.NS'Ai•.R.]iS�.T.�;:1[.�f. SYll.•.15 ] .lS. �•�SS A'.
...• 1........ ....�.....�. ..........::]..... .................... ����.. ..A....:.• .:C:.::.•.'J{...•t y 1.'� M� ':.i. !..
. •• � .
...x.. i.
....i_.d: ...... ......y .t:t••.•1..._ .........:.........._n tYk... L a ..:.....na.k:d�......x......................x.... :.{k tuw"sivr.�./.• r•. .�e�roa'..: xn .xv....
l ............................._. .... ...................... .........«.........._..........r.....r.....�....................� .....a............a.. .�x..�r..n
''. .}f.....��...v... >. 'fk'-' ..vs{.a......_........................?.a................ ....y..vd....x..�..........s...................{�......_c.f.... S 5 rx. 1:.r .•i'•4' } r•r.
{S..... JA. lµ ..J..... ... « . ... . ..... .. . . .............�.j�.jj� { y�.�.h...A......AY... .t...... ...S:I.VNJ.•IJ.•.f:l:••::F a�n:.. fs.•.x. .w'8w.�.r:tc.5t+m. •�a.r.-.afrx
; �s..a}z.:. . ... , �.y1�/�•r:.e.r._r... � � y1� y[�, �1{� . ma...a...r.r...r.y y d ..... • • •: .5�::s::.:n:; •:i{tt;,;wtt�:h.:::
i .�. } . ..r........... .. .j.... . . ::•?:� . •_..y .. ............. . � titi{'�::1:��.�.,r��F,.�.,�..�m:;.yxke�hrsxiti:xg:•�•r.:h•i�r.�t:�i.�ptrt;�h�:�.:yti�vr,.,{,�ry. rw::: ..t....s{......
rr.);5V. S. Y. fI.�Y:1�Jl.5 :IIF.. .J.tit. r�. �.. n)....t;x ..:..r1... .t�....it.t:..:.w:v::....rr.:.:::n:7 ::.r:.::c.::.:..r.......�. x:.. .:,i�.Y "st......
� 1r...x\t{J . . .. 1• ' r:vf.:h : :. ........v.'ta�:.s;.. � :x.;......rti,-..3....1..�.. ..n.,�. ...c....a1x.............: Yi{f�ik. �hk.....wxv�v.6i
(][} ��J(� !� �] y((} �{,`',�'y . j{ :»x
) �:S..
�..: ..F.: .�.1...�... f.{.
'. ........L..t.. .. ..�.•i. �}R1T .........��...� �:X: .� ..K.�'.� .. ' ' . :..�«.A..f:...5.............5.. .. "... ':}��':L':.t...t..:t..l. F..
, I . . ...1f.......... ............ t��lf.:...... .}.�TR.1R'��«5........t.......1f.T.7�'�R�Y................ ................�.t..A...���.•..::::::{^...............-i........t.:.lYl.::'1::::�::•t:.. .....:5.'..�.�.��.�:yAQR 11t... \A:RVIARY:•i:.V
� � References in the sheded area are for Lender's use only and do not limit„the apPlicability of this document to any particul�F loan or ftem. �
' Any item above contalning"'•'"has been omitted due to text length limitations. �
� Borrower: Constanttnos J.Mallios(SSN: 191-42-8336) Lender: COMMERCE BANK/HARRlSBURG N.A.
� 715 Sandbank Road 100 SENATE AVENUE
Mt.Holly Springs,PA 17065 P.O.BOX 8599
CAMP HILL,PA 17011
(717�975•5630
Principal Amount: $50,000.00 � Date of Note: Juty 'f 0, 2003
PROMISE TO PAY. Constantinos J. Maliios("Borrower") promises to pay to COMMERCE BANIVHARRtSBURG N.A.("Lender'), or order, in
lawfu)money of the United States of America,the principal amount of Fifty Thousand&00/100 Dollars($50,000.00),together with Interest on
the unpaid principal balance from July 10,20D3,until patd in fuil.
. PAYMENT. Subject to any payment changes resuiting from changes in the Index,Borrower wili pay thls loan in accordance with the following
payment schedule: 36 monthly cansecutive principal and interest`payments in the initial amaunt of�445.28 each,beginning August 10;2003,
with interest calculated on the unpaid principai balances at an interest rate of 6.750% per annum; 1a3 monthiy�consecutive principal and
interest payments in the tnitlal amount of$416.44 each,beginning August 10,2006,with interest calcufated on the unpaid princfpal balances at
an Interest rate based�n the Prime Rate as pubiished in the Money Rate Scctioh of the Wail Street Journal, if�a range of rates Is publlshed,
the highest wiil be used.(currently 4.000%).pius a margin of 1.250 percentage points,adJusted if necessary for the minimum and maximum
. rate Iimitations for this{oan,resuiting fn an initiai interest rate of 5.500%;and one principal and interest paymant of$415.87 on July 10,2018,
with interest caiculated on the unpatd principal balances at an interest rate based on the Arime Rate as published in the Money Rate Sectfon
: of the Wall Stree#Journal. If a range of rates is published,the highest will be used. (currently 4.000°�),plus a margin oi 1.250 percentage
points,'ad)usted if necessary tor the minimum and maxlmum rate Iimitatlons for this loan, resulting in an initial interest rate of 5.500%. This
� estimated finai payment is based on the assumption that all paym�nts�will he made exactly as scheduled and that the Index does not change;
� the actual final payment wfil be for a!t principal and acerued interest not yet paid,together with any other unpald amounts under this Note. �
Unless otherwise agreed or required by applicable law,payments wii)be applied first to any accrued unpa(d interest;then to p�incipal;then to �
any unpald collectfon costs;and then to any late charges. The annual interest rate for this Note is computed an a 365/360 basis;that is,by
appiying the ratto of the annuai interest rate over a year of 360 days,muitiplied by the outstanding principal balance,multiplfed by the actual
number of.days the princ(pal balance is outstanding. Borrower will pay Lender at Lender's address shown above or at such other place as
Lender may desfgnate in writing. �
VARIABLE.INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an independent index whtch
is the Prime Rate.as published in the Mor�ey Rate.Section ot the Wall Street Journal. If a range of rates is published,the highest will be used. (the
"Index"). The Index is not necessarily the lowest rate charged by Lender on its loans, If the Index becomes unavailable during the term af ihis loan,
Lender may designate a substitute index aiter notice to Borrower. Lander will tefl Borrower the current tndex rate u{�on Borrowers request. The �
interest rate change wiN not occur more often than each day. Borrower understands that Lender may make loans based on other rates as well. The '�
Index currently ts 4.000%per annum. The interest rate or rates to be applied to the unpaid prfncipal balance of thls Note will be the�ate or
rates sat forth herefn in the"Payment" secti�n. Notwlthstanding any other provision of this Note,after the ftrst payment stream,the interest
, rate for each subsequent payment stream wili be efifective as of the last payment date of the just-ending payment stream. Notwlthstanding
the foregoing, the variable Interest rate or rates provided for in this Note wtll be subJect to the following mtnimum and maximum rates. ;
NOTfCE: Under no circumstances wilf the interest rate on this Note be less than 5.500°k per annum or more than the maximum rate allowed by �
applicable law. Whenever inereases occur in the interest rate,Lender,at its option, may do one or more of the following: (A), increase Borrower's
. payments tfl ensure Borrowar's loan will pay off by its ariginal final maturity date, (B) increase Borrower's payments to cover accruing interest, (C) j
inerease the number of BoROwer's payments,and (D) continue Borrower's payments at the same amounl and increase Borrower's finai payment.'
PREPAYMEM'PENALTY. Borrower agrees ihat all loan fees�nd other prepaid finance charges are eamed fully as of the date of the loan and wili not
be subject to refund upon early payment(whether vofuntary or as a result of default),except as othervvise required by law. Upon prepayment of this i
Note, Lender is entitled to the following prepayment penalty: Prepayment of any amount of the principal sum shall be suhJect to a penalty
charge of 3%during the first year of amartization and deciining 1%per year thereafter to par. Except for the foregoing,8arrower may pay all
or a portfoh of the amount owed earlier than it is due. Early payments will not,unless agreed to by Lender in writing,relieve Borrower of Borrower's
obligatian to conUnue to make payments under the payment scheduie, Rather;ea�ly payments wiA reduce the princtpal balance due and may result in I
Borrowar's making fewer payments. Borrower agrees not to send Lender payments marked"paid in fuil", "without recourse"�or simllar language. If �
Borrower sends such a payment,Lender may accept it without losing any of Lender's rights under this Note,and Borrower wiil remain obligated to pay �
any further amount owed to Lender. All written communEcations conceming disputed amounts,including any check or other payment instrument that
indicates that the payment constitutes"payment in full"of the amount owed or that is tenderad with other conditfons or limitations or as full satisfaction
of a disputed amount must be mailed or delivered to: COMM�RCE BANK/HARR�SBURG N.A., 100 SENA'T'E AVENUE,P.O. BOX 8599,CAMP HILL, �
PA 17011. j
LATE CHARGE. If a payment is 15 days or more late,Borrower will be charged 5.000%of the regularly scheduled payment. i
INTEREST AFTER DEFAULT. Upon default,inc{uding failure t�pay upon final maturity,the total sum due under this Note wiil bear interest from the �
date of accelerafion or maturity at the variable interest rate on this Note. The interest rate wili noi exceed the maximum rate perm)tted by applicabie faw.
DEFAULT. Each of the follow(ng shall cons�tute an event af defeult("Event of Default")under this Note: ' ,
Payment Default. Borrowar fails to make any payment when due under this Note. �
�
Other Defaults. Borrower fails io comply with or to perform any other term,obiigation,covenant or candition contained in this No1e or in any of i
the retated doeuments or to comply with or to perform any term, obifgation, covenant or conditian contained in any other agreement between
Lender and Borrower. I
. ;
Default in Favor of Th(rd Parties. Borrower or any Grantor defaults under any loan,extension of credit,security agreement,purchase or sales
agreement,ar any other agreement, in favor of any other credftor or person that may materfally affect any af Borrower's property or Borrower's I
abiliry to repay this Note or perform Borrower s obligatfons under this Note or any of the related documents.
False Statements. Any warranry,representation or statement made or fumished to Lender by 8orrower or on Borrower's behalf under this Note '
or the related documents is false or misleading in any matarial respect,either now or at the time made or fumished or becomes false or misieading !
at any time thereaf�er.
Death or insolvency. The death of Borrower or the dissolution or termination of Borrower's existence as a going business, the insolvency of �
�
� - i
� .
PRt�MISSORY N4TE
� {Continued) Page 2
' Borrower, the appointment of a recefver for any part of Borrower's property, any assignment for the benefit of creditors, any rype of creditor
workout,or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Creditor or Forfeiture Proceedings. Commencement of foreclosure or f4rfefture proceedings, whether by judicial proceeding, self-help,
repossession or any other method, by any credita�of Borrower or by any govemmental agency against any collateral securing the loan. This
i includes a garnishment of any of Borrowers accounts,including deposit accounts,with Lender. However,this Event of Default shall not apply if
there is a good faith d(spute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceecling
^ _ _ and 'rf Barrower�Ives Lender written notice of the creditor or fo�feiture proceeding and_deposits with Lender mo�ies or a surety bond tor the__,_,_._._.._.
cre�tor or�or elture proceeding,in an amount determined by Lender,in its sole discretion,as being an adequate reserve or-bond for the dispute.
� Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any oi the indebtedness or any Guarantor dies
; or becomes incompetent,or revokes or disputes the validity of,or liability under,any guaranty of the indebtedness evidenced by this Note. In ti�e
� event of a death,lender,at its opt(on,may,but shall not be required to,permii the Guarantor's estate to assume unconditionally the obligations
� a�ising under the guaranty in a manner satisfactory to Lender,and,in doing so,cure any Event of Default.
Adverse Change. A material adverse change occurs in Borrawer's financial condition, or Lender belleves the prospect of payment or
performance of ihis Note is impaired. ' ,
Insecurity. Lender in good fafth believes itself insecure.
Cure Provisions. If any defauN,other than a default in payment is curable and if eorrower has not been given a notice of a breach of the same
provision of thls Note within the preceding iwelve (12) months, it may be cured(and no evenf of default will have occurred) if Borrowe�,after
reee(ving written notice from Lender demanding cure of such deiault: (1) cures the default within tifteen(15)days;or (2) if the cure requi�es
more than fiftesn(15)days,immediately initiates steps which Lender deems in l..ender's sole disc�etion to be sufficient to cure the default and
thereafter continues and completes ail reasonable and necessary steps sufficisnt to produce compiiance as soon as reasonably practical.
I.ENDER'S RIGHTS. Upon default,lender may,after giving such notices as required by appiicable law,deciare the entire unpa(d pri�(pai balance on I
this Note and all accrued unpaid interest immediately due,and then Bor�ower will pay that amou�t. �
ATTORNEYS'FEES;EXPENSES. Lander may hire or pay someone else to heip collect this Note'rf Borrower does not pay. Borrower will pay Lender
that amount. ThIs includes,su6Ject to any iimits under applicable law,Lender's attomeys'fees and Lender's legai expenses,whether or not there is a
lawsu(t, Including attomeys'fees, expenses tor bankruptcy proceedings (includi�g efforts to modify or vacate any automat�stay or inJuncfion), and
appeals. If not prohibited by appl(cable law,Borrower also will pay any court costs,in addition to all other sums provided by law.
GOVERNING LAW. 'this Note will be governed by,co�strued and enforced in accordance wtth federai law and the laws of the Commonwealth
of Pennsylvan(a. Thfs Nate has been accepted by Lender in the Commonwealth of Pe�nsylvania.
RIGHT OF SETOFF. To the extent permitted by applicable taw, Lender reserves a right of setoff in aA Borrower's accounts wfth Lender(whether
checicing,savings,or some other account). This inciudes all accounts Borrower holds jointiy with someone else and afl accounts Bvrrower may open in �
the future. However,ihis does not Inctude any IRA o�Keogh accounts,or any trust accounts for which�setoff would be prohibited by law. Borrower
authorizes Lender,to the extent permitted by appl'icable law,to charge or setoff ali surns owing on the indebtedness against any and a11 such accounts.
C�LWTERAI.. Borrower acknowledges this Note is secured by Second lien mortgage on 15 State Avenue,Ca�llsie,PA ANO Second lien mortgage on
224 Helsers Lane,Carifsle,FA.
POST CLOStNG COMPLIANCE.Borrower agrees to execute,re-execute,cause a Guarantor(s)or other third pariy(les)involved in the loan transactfon
to execute and/or re-execute and to detiver to Lender or Its legai counsel, as may be deemed appropriate,a�y document or instrument signed in
connecHon wlth the Loan which was incorrectly drafied and/or signed,as weil as any document or instrument which shoutd have been signed at or
prior to ihe closfng of the.Loan,but which was not so signed and delivered. Bo�rower agrees to compfy with any written request by Lender within ten
(10)days after recelpt by Borrower of such requesi. Failure to Bo�rower to so comply shall,at the option of Lender,upon notice to Borrower,constltute
an event of deiault under the Loan.
COMMITMENT LETTER C�MPLIANCE..This loan is contingent upon Borrower's compliance with all of the temns and conditlons in the commiiment �
letter issued by Lender to Borrower on or about June 30,2003. Upon breach of any term of condition therein Lende�shall have the�ight to declare this
loan in default and demand payment in fuil of the principal ba{ance remaining unpaid,together with all interest,which shall have accrued thereon. .
SUCCESSOR IN7ERESTS. The terms of this Note shall be binding upon Borrower,and upon Borrowers heirs,personal representat{ves,successors
and assigns,and shall Inure to the benefd of Lend�r and its successors and assigns.
NOTIFY US OF INACCURAT�IN�ORMATIOlV WE REPORT TO CONSUMER REPORTtNG AGENCIES. Please notify us if we report any inaccurate
information about your account(s)to a cor�sumer repori(ng agency. Your written no�ce describing the specific inaccuracy(ies)should be sent to us at
the foilowing address:COMMERCE BANKMARRISSURG N.A.,100 SENATE AVElVUE,P.O.BOX 8599,CAMP HiLL,PA 17011
GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights,or remedies under this Note without losing them. Bor�ower and any
other person who signs, guarantees or endorses this Note� to the extent aliowed by law, waive p�esentrnent, demand for payment, and not�e of
dishonor. Upo�any change in the temis of this Note,and unless othenivise expressly stated in writing,no party who signs this Note,whether as make�, I
guarantor,accommodaUan maker or endorser,shali be released from liability. Ali such parties agree that Lender may renew or extend(repeatedty and �,
for any length of time)this loan or release any party or guarantor or collateral;or impair,fail to realize upon�or perfect Lenders security interest in 4he i
collateral;and take any other action deemed necessary by Lender wiihout the consent of or notice to anyone. Aii such parties also agree that Lender
may modify this loan without the co�sent of ar notice to anyone other than the parky with whom the maiiftcativn is made. The obligations under this
Note a�e joint and several. if any partion of this Note is for any reason determined to be unenforceable,it wiil not affect the e�forceabNity of any other
provisions of this Note.
CON�ESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY A7TORNEY OR THE PRaTHONOTARY
QR CLERK OF ANY COURT IN THE COMMONWEAl.TH OF PENNSYLVANIA,OR ELSEWHERE,TO APPEAR AT ANY TIME F�R 80RROWER AFTER
A DEFAULT UNDEA THIS NOTE AND WITH OR WITH�UT COMPLAiNT FILED,CONFESS OR ENTER JUDGMENT AC�AINST BORR�WER FOR THE
ENTfRE PRINCIPAL BAIANCE OF THIS NOTE AND ALL ACCRUED INTEREST, LATE CHARGES AND ANY AND ALL AMOUNTS EXPENDED OR
ADVANCED BY LENDER REiATING TO ANY COLLATERAL SECURING THIS NOTE, TOGETHER WITH COSTS OF SUIT, AND AN ATTORNEY'S I
�� COMMISSION OF TEN PERCENT(10%)OF THE UNPAlD PRINCIPAL BALANCE AND ACCRUED INTEREST FOR COLLECTION,BUT IN ANY EVENT
NOT LESS THAN FIVE HUNDRED DOLIAR� ($500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE i
IIMMEDIATELY;AND FOR SO DOING,THIS NOTE OR A COPY OF 7HIS NOTE VERIFIED BY AFFIDAVIT SHALI BE SUFF)CJENT WARRANT. THE j
, AUTHC3RITY GRANTED(N TNIS NOTE T(�CONFESS,lUDGMENT AGAINST 80RROWER SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT �
AUTHOflITY,BUT SHALL CONTINUE FROM T{ME TO TIME AND AT Al1 T(MES UNTIL PAYMENT IN FULL OF ALI,AMOUNTS DUE UNDER THIS
� NOTE. BORROWER HEREBY WAIVES ANY RIGH7 BOFiROWER MAY HAVE TO NOTICE OR TO A HEARINg IN CONNECTIC?N WITH ANY SUCH i
� CONFESSION OF JUDGMENT AND STATES 4T EITHER A REPRESENTATiVE OF LENDEA �IFICALLY CAIL�D THIS CONFESSION �F i
; JUDGMENT PROVISION TO SORROWEFi'S A'; .�1710N OR wbRR4WER HAS BEEN REPRESEfV1. �Y lNDEPENDENT LEGAL COUNSEL, ,
� � ,
` . ' - i
. �
� P�OMlSSORY NOTE ~ �
(CO�itiiliSE�j ' Page 3
PRI�R TO SIGNlNG THIS NOTE, BORROWER READ AND UNDERS700D ALL THE PROVIStONS OF THiS fVOTE, INCIUDING THE VARIABLE ..
� INTER�S7 RATE PROVtSIONS. BORROWER AGREES TO THE TERMS OF THE NOTE.
BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMlSSORY NOTE.
: THlS NC?TE IS C1VEN UNDER SEAL AND IT IS fNTENDED THAT THlS NOTE IS AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A
SEALED INSTRUMENT ACCORDING TO LAW.
BORROWER:
' ;:�`
.�.' >:`;.:;_�;::>.:
X�•�.. �Seal
:����L�`.:
��:�''1 .��:���:�•�����....:��'�>�� ;•� )
� ...�:... _..•:.. ..:......::...:.
Constantinos J.Mallfos,Indiv ually
� LtiSEq PRO l.ndnp,Vsr,&t20D.000 Cap.H.AvW FlirnoW So4Alar.Ira.tYB7.2000. AN Wghu RnaHW. •PA!t\WINAPPbLLPWtMCFf�LPLWIQ.FO TA•o067%M11
i
1
�
I
�
.
i
;
,
i
� �
�
�
�
. � ,
�
�
;
� . COMMERCIAL GUARANTt►
............ :.......••. .::.:.j:•.^...........:...:................ .::.:••.t•..:�:.::::..:. ••.tv.:::� .:t•::........�... ::t.: .•r... r t• �p :s
:........ ................... ..........................t t...NfJNY.tiY..'ti�i�'t:t:V'ti�'�' �'tJJ'..::1t:YUJJI� y.AY..1L1M1 4.«^. �.:: N.W �W '�t 'NVtA
.... .1...�..�...._.. t:•H:.:':t:: J...�...�.'{.Y•Y.1VN..•.::\.NV1f.YJ}1Cd..y.......�V. �y y�
:'�'.'�{�.:.'��i':t�.� \��5:��:':':J 1!�' �: Y�''V'• } �'f 'l:l• lS:tl
.• • . y� j �( w ((��r /� y� y
�} t:l:.JS. \:SY:S:::tt:S:.riVYY.VI X{ M1riY. .1 f.•t.•I:l.:. \M1V.YA:•FN'.:5• •t
�i.l.:..•^.. ..t :..:r'.ti..... �:J:A. ...... a
�.. '.1.......5. �;?
.... t.'. . L..... . ::::V....... ( p
�F {�� ).�. /� ��{■ ...Y::•:i'.t........F. ..\. .{{{.�. ..\.......4. (�,�t{. ��r �{.
...f ..Y'.: ��4J.�• ..t: ..Y»�.(�j .L' .S}':t
5: :..1. • :..��,.:lf�A'.•::•Y.•.�• .A. ::::..�.T.T.:.•�R��:•.C,t.:..•l. �1[.�"... \::L•5::•:• ::tlfT.���..��:ti LtitT•.':•::•'lS.t�.. �..�:'.\1.�:::t:`ilt".�N::R.•.:•S:S.. ��ti'It4tT..•t:•� .�.1fTl. .T'_. ..RC.l.
.
Y 1V.. tL.h� TT t
:.......... 8 5� ♦�{
... . . . . '� . .... . .. ..t.•........J:�...... .....::::... .......................::.............t........:t'.t':t::.t..................Lt. ... l. :.'.��.Ji. t .wL. .t AS .h.. ..5....
...•:zr� ...;..t....::...;.s....;...;_............:...................:...,.......x.rxu........ ........�.:::x:....:::v:a:v........ ..tx.......r..f...x:�S:.t,�r��,�..... _ntu 5.�h:•....t^.:^..dit� �Y�
u ..�.vwt»�..r....s.t_....:... ......r.....rr...1....n.......... . s.. . •
. ...fil ..... ..xti.. .r..... ..... t......v . .ti..h.......�......».r.�........x.......................nx•:s�v:r�5::x•:,...::vs:rr.:�r.::�:c:i•n+::r»��:.r:........7.. s...i....tit2•. .}+n..:::••::::�::. ..k4.. .:}. :c7J
....;..,
u... u .. . t... .r . l� t •....•...... ...�.....1...+...r.xa.......x.._�........1{..a...v........ra..w........................................._a..x.�...........a.x\��zr......._...r....�::........s:-vr: . ....!,hra:x:. .aA�?{:�:::'v.l':ii{:tiai:i�
....a.�.v...;..r�m.....xv,.wxfi{{.xr....rreF.....tva.r..t�.nv.tr,.wa{�u�w.:�.a a;U f ...:..•:•.......:.......n....................x......:........ ...r. _:t........� t. r.
•••••••Y••••••1•••••••••••••••..tf..Y•5••••••••••••V•••�••••••••S'••t•1••••.'.••Yl.tt�Jl ..l'll.i'JA.h.Y• ....................I..t4............A........t.........Il.G�J11.V.❖l..•••••YS.•.SNJJ.tN.'.•.•F::StYNl.LVl�....dl^:.51VJ.•Slf�t•IhriVA•At..A...........SSLS:'J.:C»::Yl:•L4:N� .\WfJ M1S.:X.S^.V.SW•
..•...�.....�.�r�hY:V::"1.::�Ay�.'...:..«.::'.•J::S-C:t..::A:L'}.1•::�f:•.::::L::Vf \ .....1{l.... ...1. .�....
c.x•::::::::.�r::�..�......t...s........ .. .. ..:::.'SxntC.._t.....r.w....}:::::t:•:.�::.r.uv:::l:�.uv.:�n•.zt:r�::::::r.:r:xx:rr::nti� : xn ..,�,.., �t �,�t
..N'JRNVAtl••t.S ^N.i 914:Y/V.5•J.51•••!!F mv.: •� :f+: r .:�: iS'v::•
. .............�...x.r..�.}�.t...............x:•:•::,�x: .........:r.:r::::.::�::....3t........+....t'..............s............................................_.........................c..........!t+'ir��...Yi•\71N,u'•••}}�.. b.... . .�A•...f\..:ty:{....�Y:!:n'Ji. .iC'n. 'T� ..3v.
.........�...... ..................... �.....................
.0..�.....J:...............:::....n.._..•::::::::::x::::n:�:::...... ......'.t ............... ._. . �{ . ��:gx+tX �
................ .... ...............................;..;. ................................ .....r........5....x..a.......7..»......t.....5-..rass..e.a.......�.......r.........A�C� \... .. 1.ur.�.C�.�.�'.i:v:.x..
References in the shaded area are far Lender's use only and do not limit the applicability ot this document to any particular loan or item.
Any Item above containing"""'has been omitted due to text length limitations.
Borrower: Constantinvs J.Mallios(SSN: 191-42-ssss) Lender: COMMERCE BANK/HARRtSBURG N.A.
715 Sandbank Road 100 SENATE AVENUE
Mt.HoUy Springs,PA 17065 � P.O.BOX 8599
� . • CAMP HILL,PA 17011
(71�975-5630
Guarantor:• Vasilikf Ma1Nos(SSN: 161-32-5536)
224 Heisers Lane
Carlisle,PA 17013
AMOUNT OF GUARANTY. This Is a guaranty of payment of the Note,lnciuding without fimttatlon the principal Note amount of Fitty Thousand ,
&00/100 Dollars(a50,000.00).
CONTINUING GUARANTY. For good and valuable consideration,Vasiliki Maltios(°Guarantor")absolutely and uncondltionally guarantees and
promises to pay to COMMERCE BANKIHARRISBURG N.A. ("Lender") or its order, in legal tender of the United States of America, the
Indebtedness(as that term fs deflned below)of Constaniinos J.Matlios("Borrower")ta Lender on the terms and conditions set forth in this
Guaranty. The obligations of Guarantor under th(s Guaranty are continuing.
MAXIMUM LIABILITIf. The maximum tiabiiiry of Guarantor under this Guaranty shall not exceed at any ona time $50000.00, ptus a11 costs and
expenses af (Aj enforcement of this Guaranty and (B) collectian and sale of any coflateral secu�ing thfs Guaranty.
The above limitation on liability is not a restriction on the amount of the Indebtedness of Borrower to Lender eiiher in the aggregate or at any one time.
If lender presentiy holds one or more guaranties,or hereafter receives additionai guaranties from Guarantor,Lender's rlghts under all guaranties shail
be cumulative. Thts Guaranty shali not(unless specificaliy provided below to the contrary)affect or invalidate any such other�uaranties. Guarantor's
IfabllEty will be Guarantor's aggregate liability under the terms of this Guaranty and any such other unterminated guaranties.
INDEBTEDNESS GUARANTEED. The Indebtedness guaranieed by this Guaranty includes any and all of Borrower's indebtedness to Lender and is
used ln the most comprehensive sense and means and includes any and all oi Borrower's liabilitles,obligations and debts to Lender,now existing or
herai�after incurred or created, including, without limitation, all loans, advances, interest, costs, debts, overdraft frxiebtedness, credit carcf
indebtednass,lease obligations,other obiigations,and liabilfties of BoROwer,or any of them,and any present or future judgments against Borrower,or
any of them; anit whether any such Indebtedness is voluntarily or involuntarily incurred, due or not due, absvlute or contingent, lfquidated or
unliquidated,determined or undetermined;whether Borrower may be Ifab{e indiyidually or jointSy with others,or primarily or secondarily,or as guarantor
or surety;whether recovery on the Irxiebtedness may be or may become barred or unenforceable agafnst Borrowe�for any reason whatsoever;and
whether the Indebtedness a�ises from transactlons whtch may be voidable on account of infancy�insanity,ultra vires,or otherwise.
DURATION OF GUARAN7Y. This Guaranty will take effect when received by Lender without the necesslty of any acceptance by Lender,or any notice
to Guarantor or.to Borrower, and will continue in full force until all Indebtedness incurred or contracted before receipt by Lender of any notice of
revocation shali have been fully and finally paid and satisiied and all of Guarantar's other obligations under this Guaranty shall have been performed in
full. If Guarantor elects to revake this Guaranty, Guarantor may only do so in writing. Guarantor's written notice of revocadon must be mailed to �
Lerxier,by certified mafl,at Lender's address listed above or such other place as Lender may designate in writing. Written revocation of this Guaranty
will epply only to advances or new Indebtedness created after actual receipt by Lender of Guarantor's wrftten revocat(on. Fw this purpose and without
limitatbn, the term "new Indebtedness" does not include Indebledness which at ihe time of not(ce of revocation is contingent, unliquidated,
undetermined or not due and which later becomes absolute, fiqutdated, determined ar due. This Quaranty will continue to bind Guarantor for aU
Indebtedness incurred by Borr�wer or committed by Lender priar to receipt of Guarantor's wriiten notice af revocatfon, fncluding any extBnsfons,
renewals, substitutions or modifications of the Indebtedness. All renewals, extensions,substitu�ons,and madifications of the Indebiedness granted
after Guarantor's revocation, are contemplated under lhis Guaranty and, specifically will not be considered to be new Indebtedness. This Guaranty
shall bind Guarantor's estate as to Indebtedness created both before and afier Guarantor's death or incapacity,regardless of Lender's actual notice of
Guarantor's death. Subject to the foregaing, Guarantor's executor or administrator or other(egal representat(ve may terminate this Guaranty in the
same manner in whlch Guarantor might have terminated it and with the same effect. Release of any other guarantor or terrninatfon of any other
guaranry of the )ndebtedness shali not affect the liabllity of Guarantor under this Guaranty. A revacation Lender recetves from any one or more
Guarantors shall not affect the liabiliry of any �emaining Guarantors under this Guaranty. It is anticipated that ftuctuations may occur in the
aggregate amount of indebtedness covered by this Guaranty, and �uarantor specifically acknowledges and agrees that reductions in the
amount of Indebtedness,even to zero dollars($0.00)�prior to Guarantor's wrEtten revocatlon of thls Guaranty shall not constitute a termf�ation
of this Guaranty. This Guaranty is binding upon Guarantor and Guarantor's heirs,successors and assigns so long as any of the guaranteed
Indebtedness remains unpald and even though the Indebtedness guaranteed may from time to ttme be zero dollars($0.00).
�UARANTOR'S AUTHORIZATION TO LENDER. Guarantor authorizes Lender, either before or after any revocation hereof, without nottce or
demand and w{thout lessening Guarantor's liabiiity under this Guaranty,from time to time: (A) p�ior to revocatbn as set forth above,to make
one or more additional secured or unsecured loans to Borrower, to lease equipment or other goods to Borrower,or otherwlse to extend addltfonal i
credit to Sorrower; (B) to alter,compromise,renew,extend,accelerate,ar atherwlse change one or more times the time for payment or other terms of
the Indebtedness or any part of the Indebtedness,including increases and decreases of the rate of interest on ihe Indebtedness;extensions may be
repeated and may be for longer than the original loan term; (C) to take and hold securiry for the payment of this Guaranty or the Indebtedness,and
exchange,enforce,waive,subordinate,fafl or decide not to perfect,and release any such securlty,with or without the substitution of new callateral; (D)
to release, substitule, agree not to sue,or deal with any one or more of Borrower's sureties,endorsers,or other guarantors on any ierms or in any
manner Lender may choose; (E) to determine how,when and what application of payments and credits shali be made on the Indebtedness (F) to
apply such security and direct the order or manner of sale thereof, including wlthout limitation, any nonJudicfal saie permitted by the terms of the
controUing security agreement or deed of trust,as lender in Its discretion may determine; (G) to sell,transfer,assign or grant participatbns fn ail or any
part of the lndebtedness;and (H) to assign or transfer this Guaranty in whole or in part. �
GUARANTOR'S REPRESENTATIONS AND WARRANTIES. Guarantor represents and warrants to Lender that (A) no representatfons or agreements
of any kind have been made to Guarantor which wouid Iimit or quatify in any way the terms of this Guaranty; (B) this Guaranty is executed at
Borrower's request and�no1 at ihe request oi Lender; (C} Guarantor has fuil power,right and authority to enter into this Quaranty; (D) the provisions !
of thfs Guaranty do not conflict with or resuit in a default under any agreement or other fnstrument binding upon Guarantor and do hot result in a �
violation of any law,regulation,court decree or order applicable to Guarantor; (E) Guarantor has not and wiil not,without the prior written consent of j
Lender,sell,lease,assign,encumber,hypothecale,transfer,or vthervvise dispose of all or substantially aU of Guarantor's assets,or any interest therein; �
(F� upon Lender's request, Guarantor will provide to Lender financlal and credit information in form acceptabte to Lender, and ali such financial �
� Information which currently has been,and all future financiai information which will be provided to Lender is and wiil be true and correct in all materlal �
I
i
� �
GOMMERGiAL GUARANTY
{Continued) pa9e 2
! respects and fai�ly present Guarantor's tinancial condition as of the dates the financial information is provided; (Gj no materiai adverse change has
. occurred in Guarantor's flnancial condition since the date of the most recent financial statements provided ta Lender and no event has occurred which
may materiaNy adversely aifect Guarantor's financiai condition; (H) no litigation, claim, invest(gation, adrninistrative proceeding or simiiar action
(including those for unpaid taxes) agalnst Guarantor is pending or threatened; {t) Lendef has made no representation to Guarantor as to the
creditworthiness of Borrower; and (J) Guarantor has established adequate means of obtaining from Borrower on a continuing basis information
; regarding Borrower's financial condition. Guarantor agrees to keep adequately informed from such means of any facts,events,or circumstances which
i might (n any way affect Quarantor's risks under this Guaranty, and Guarantor further agrees that Lender shall have no obligation to disciose to
I•----.. .Guarantoc--any�Jraforcnatio�sKdocuKnents-acquired-by-l:eRdeF-in�t►e-EO�r�e-o�--i�s-rala�(oas�iip-with-BoFrt�wer:-----..---•-�----_.—-------•— - --
� GUARANTOR'S WAIVERS. Except as prohibited by applicable law,Guarantor waives any right to require Lender (A) to continue lending money or to
� extend oiFier credit to Borrower; {B) to make any presentment, protest,demand, or notice of any kind, including notice of any nonpayment of the
� Indebtedness or of any nonpayment related to any collateral,or notice of any action or nonaction on the part of Bor�ower,l.ender,any surety,endorser,
� or ottier guarantor in connection with the Indebtedness or in cannection with the creation of new or additional loans or ol�igatlons; {C) to resort for
payment or to proceed directly or at once against any person,including Borrower ar any othe�guarantor; (D) to proceed directly against or exhaust
any coUateral held by Lender from Borrower,any other guarantor,or arry other person; (E) to give notice of the terms,time,and place of any public or
private sale of personal property security held by Lender from Bor�ower or to comply w(th any ather appticable provisions of the Uniform Commerciai
Code; (� to pursue any other remedy within Lender's power;or (G) to commlt any act or omission of any kind,or at any tirne,with respect to any
matter whatsoever.
Guarantor also waives any and all�ights or defenses arising by reason of (A) any"one action°or"anti-deficiency"law or any other law which may
prevent Lender f�om bringing any action,including a clalm for deficiency,against Guararrtor,before or after Lender's commencement or completion of
any forectosure action,either judicially or by exercise of a power of sale; (Bj any election of remedies by Lender which destroys or othenivise adversely
affects Guarantor's subrogation rights or Guarent4r's rights to prviceed against Borrower for reimbursement, including without Ilmitation, any loss of
rights Guarantor may suffer by reason of any law limiting,quatifying,or discharging the Indebtedness; (C) any disabittiy or other defense of Borrower,
of any other guararrtor,or of any other person,or by reason of the cessation of Borrower's liability from any cause whatsoever,other than payment ln
full in legal tender,af the Indebtedness; (Dj any right to claim dlscharge of the Indebtedness on the basls of u�justffied impalrment of any collateral for
the Indebtedness; (E) any statute of Ifmitations, if at any time any action or suit b�ought by Lender against Guarantor is commenced, there is
outstanding Indebtedness of Borrower to Lender which is not barred by arry appllcable statute of I(mitations;or (� any defenses given to guarantors
at law or in equiry other than actual payment and performance of the lndebtedness. If payment is made by Borrower,whether valuntarily or otherwise,
or by any third party,on the Indebiedness and thereafter Lender is forced to remit the amount of that paymerrt to Borrower's trustee in bankruptcy or to
any similar person under any federal or state bankruptcy law or law for the relief oi debto�s, the Indebtedness shall be consldered unpaid for the
purpose of the enforcement of this Guaranty.
Guarantor further waives and agrees not to assert or claim at any time any deductions to the amount guaranteed under this Guaranty for any claim of
setoff, counterclaim, counter demand, recoupment or similar right, whether such clalm, demand or right may be asserted by the Borrowar, the
Guarar�tor,o�both.
GUARANTOR'S UNDERSTANDING WITH RESPECT TO WAIVERS. Gua�antor warrants and agrees that each of the waivers set forth above is made
with Guarantor's full knowledge of its significa�ce and consequences end that,under ihe c3rcumstances,the waivers are reasonable and not contrary to
public pollcy or law. if any such waiver is determined to be contrary to any applicabie law or public pollcy,such waiver shall be effective only to the
e�ent pennitted by law or public policy. �
RIGHT OF SETOFF. To the extent permitted by appiicable law, Lender�eserves a right of setoff in ail Guarar�tors accounts wlth Lender(whether
checking,savfngs,or some other account). Th(s incfudes aN accounts Guarantor holds jo(ntly with sameone else and all accounts Guaranto�may open
in ihe iuture. However,this does not include any fRA or Keogh accounts,or any trust accounts for which setoff would be prohlbfted by law. Guarantor
authorizes Lender,io the extent permitted by app8cable law,to hold these funds'rf there is a default,and Lender may apply the funds in these accounts
to pay what Gua�antor owes unrler the terms of thfs Guaranty. �
SUBOfiDINATION OF BORROWER'S DEBTS TO GUARANTOR. Guaranior agrees that the Indebtedness of Borrower to Lender, whether now
existing or heceafter created, shall be superior ta any claim that Guarantor may now have or he�eafter acqulre against Borrower, whether or not �
Borrower becomes insolvent. Guarantor he�eby expressly subordinates any claim Guaranto� may have against Borrower, upon any account
- whatsoever,to any claim that Lender may now or hereafter have against Borrower. In tFte eveni of lnsolvency and consequent Ilquidatfon of the assets
of Borrower,through bankruptcy,by an assignment for the banefit of c�editors,by valuntary 1(quidaiion,or otherwise,the assets of Borrower appHcable
to the payment of the claims of both Lendsr and Guarantor shall be paid to Lender and shaq be first appUed by Lender to the Indebtedness af Borrower
to Lender. Guarantor does hereby assign to Lender all claims which it may have or acqulre against Borrower or against any assignee or trustee in
bankruptcy of Borrower; provided however,that such assignment shall be effecUve only for the purpose of assuring to Lender full payment in legal
tender of the Indebtedness. If Lender so requests,any notes or credit agreemQnts now vr hereafter evidencing any debts or obligations of Borrower to
Guaranto�shall be marked with a legend that the same are subject to thls Guaranty and shall be delivered to Lender. Guarantor agrees,and Le�der is
hereby authorized, in the name of Guarantor, from time to time to execute and file financing statements and contlnuation statements and to execute
such other documents and to take such other actions as Lender deems necessary or appropriate to perfect,preserve and enforce its rights under this
Guaranty. '
MISCELLANEOUS PROVISIONS. The following misceflaneous provlslons are a part of thls Guaraniy:
Amendments. This Guaranty,together with any Related Documents,constitutes the entire understanding and agreement of the partfes as to the
matters set forth in this Guaranty. No alteration of or amendment to thls Guaranty shall be effective unless given in writing and signed by the party
� oc parties sought to be charged or bound by the alteration or amendment. �
Attomeys'1=ees; Expenses. Guarantor agrees to pay upon demand all of Lender's costs and expenses,inclt�ding Lender's attorneys'fees and
Lender's legal expenses,incurred in connectivn with the enforcement of ihis Guaranty. Lender may hire or pay someone else to help enfores ihis
GuaraMy,and Civarantor shall pay the costs and expenses of such enforcement. Costs and expenses include Lender's attomeys'fees and legaf
expenses whether or not there is a lawsuit,including attomeys'fees and legal expenses for bankruptcy proceedings((nciuding efforts to modffy or
vacate any automatic stay or injunction),appeals,and any anticipated post-Judgment collection services. Guarantor also shall pay all court costs
and such additiona!fees as may be directed by the cou�t.
Caption Headings. Caption headings in this Guaranty are(or convenience purposes only and are not to be used ta i�terpret or define the �
provislons of this Guaranty. i
Qoverning L.aw. Thls Guaranty wil! be governed by, construet! and eniorced in accordance with federal law and the laws af the i
Commonwealth oi Pennsylvanla. Thls Guaranty has been accepted by Lender tn the Commo�wealth of Pennsylvanta.
Integratlon, Guarantor fu�the� agrees that Guarantor has read and tully understands the terms af this Guaranty; Guaranior has had the
opportunity to be advised by Guarantor'c '�nmey with respect to thls Guaranty; the Guaranb��'��ly reflects Guarantor's inientions and paro( �
evidence is nof required to interpret the te ,of this Guaranty. Guarantor hereby lndemnifies ar. Ids Lender hartnless from all losses,clalms, �
• ,
I
I
, �
� � COfViMERC1AL GUARANTY
(�ontinued) Page 3
damages,and costs(including Lender's attomeys'fees)suffered or incurred by Lender as a result of any breach by Guarantor of the warrantfes,
representations and agreements of this paragraph.
Interpretatfon. In ail cases where there is more than one Borrower or Guarantor, then ail words used in this Guaranly in the singular shali be
. desmed to have been used in the plural where the context and construction so require;and where there is more than ane Borrower named in this
Guaraniy o�when this Guaranty is executed by more than one Guarantor,the words"Borrower"and"Guarantor"respectively shai)mean all and
any one or more of them. The words "Guarantor,""Borrower," and"Lender"include the heirs,succsssors,assigns,and transferees of each of
them. If a court finds that any provision of this Guaranty is not valid or should not be enforced,that fact by itself will not mean that tha rest of this
Guaranty will not be valid or enforced. Therefore,a court wlll enforce the rest of the provisions of this Guaranty even if a provision of this Guaranty
may be found to be invalid or unenforceable. If any one or more of Borrower or Guarantar are corporations, partnerships, limfted liability
companies, or similar entities, it is not necessary for Lender to inqu(re into the powers of Borrower or Guarantor or of the officers, directors,
partners,managers,or other agents acbng or purporting to act on their behalf,and any Loan indebtedness made or created in relfance upon the
professed exercise of such powers shall be guaranteed under this Guaranty.
Notices. Uniess otherwise provided by appUcable law,any notice required to be given under this Guaranty shall be given in writing,and,except
for revocation notices by Guarantor,shail be effective when actually delivered,when actually received by telefacsimlle(unless othervvise required
by law), when deposited with a nationally recognized ovemfght courfer, or, if mailed, when depos3ted in the United States mail, as first class,
certlfied or registered mail postage prepaid, directed to the addresses shown near the beginning of thfs Guaranty. All revocation notices by
Guarantor shall be in writing and shall be effective upon delivery to Lender as provided in the sect3an of this Guaranty entiUed"DURATION OF
GUARANTY." Any party may change its address for notices under this Guaranty by givfng formal written notice to the other parties,specifying that
the purpose of the notice is to change the party's address. For notice pu�poses, Guarantor ag�ees to keep Lender informed at all times of
Guaranto�'s current address. Unless otherwise provfded by applicable law,if there is more than ona Guarantvr,any notice given by Lender to any
Guarantor is deemed to be notice given to all Guarantors. •
No Waiver by Lender. Lender shall not be deemed to have waived any rights under thls Guaranty unless such wafver is given in writing and
slgned by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver oi such right or any other right. A
w�iver by Lender of a provision of this Guaranty shall not prejudice or consbtute a waivar of Lende�'s right otherwise to demand strict compiiance
with that provision or any other provision of this Guaraniy. No prior waivar by Lender,nor any course of deafing between Lender and Guarantor,
shall constitute a waiver�f any of Lender's rights or of any of Guarantor's obligations as to any future hansactions. Whenever the cxmsent of
Lender is required under this Guaranty, the granting of such consent by Lender in any instance shall not constitute continuing consent to
subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the sote discretion of Lender.
Successors and Assigns. The terms of thfs Guaranty shall be binding upon Guarantor,and upon Guaranto�'s heirs,personel representatives,
succes$ors�,aind assigns,and shail be anforceable by Lender and its successors and assigns.
DEFIIVITIaNS..�tie•fc�4lawing capitalized words and terms shall have the following meanings when used in this Guaranty. Unless specifically stated to
the contrary, all ref.erences to dollar amounts shail maan amounts in lawful money of the United States of America. Words and terms used in the
singulat shall inclu�'e the plural,and the piural shall incfude the singular,as the context may require. Words and terms not otherwise defined in this
C3uaraniy sh�ll have the meanings attributed to such terms in the Uniform Commercial Code:
• �orrower. Thg word."Borrower"means Constantinos J.Malfios and Includes al1 co-signers and co-makers signing the IVote.
Guarantor. �'he word"Guarant�r"means each and every person or entity signing this Guaranty,including without limitatfon Vasiliki Maliios.
Guaranty. The word"Guaranty"means the guaranry from Guarantor to Lender,including without limitation a guaranty of all or part of the Note.
Indebtedness. The word"Indebtedness"means Borrower's indebtedness to Lender as more particula►iy described in this Guaranty.
Lender. The word"Lender"means COMMERCE BANK/HARRISBURG N.A.,its successors and assigris.
Note. The word"Note"means the promissory note dated July 10,2003,in the ortginal principal amount af$50,000.00 fram Borrower to Lender,
together with atl renewals of, extensians of, modifications of, refinancings of, consolidatiQns of, and substitutions for the promissory note or
agreement.
Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreaments, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instn.iments,
agreements and documents,whether now or hereafter existing,executed in connection with the indebtedness.
CONFESSION OF JUDGIUIENT. GUARANTOR HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OR THE
P}�OTHONOTARY OR CLERK OF ANY COURT IN THE COMMONWEALTH OF PENNSYLVANIA,OR ELSEWHERE,TO APPEAR AT ANY TIME FOR
GUARANTOR AFTER THE AMOUNTS HEREUNDER BECOME DllE AND WITH OR WITHOUT COMPI.AIN7 FILED,CONFESS OR ENTER JUDGMENT
AGAINST GUARANTOR FOR THE ENTIRE PRINCIPAI.BALANCE OF THIS GUARANTY AND ALL ACCRUED INTEREST,tA7E CHARGES AND ANY i
AND ALL AMOUNTS EXPENDED OR AOVANCED BY LENDER RELATING TO ANY COLLATERAL SECURING TH� INDEBTEDNESS, TOGETHER �
WITH COSTS OF SUIT, AND AN ATTORNEY'S COMMISSION OF TEN PERCENT(10°k) OF THE UNPAID PRINCIPAL BALANGE AND.ACCRUED I
INTEREST FOR COLLECTION,BUT IN ANY EVENT NOT LESS THAN FIVE HUNDRED DOLLARS($500)ON WHICH JUDGMENT OR JUDGMENTS i
ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIATELY;AND FOR SO DOING,THIS GUARANTY OR A COPY OF THIS GUARANTY VERIFIED BY
AFF�DAVIT SHALL BE SUFFICI�N7 WARRANT. THE AUTHORITY GRANTED IN THIS GUARANTY TO CONFESS JUDGMENT AGAINST GUARANTOR
SHALL NOT BE EXHAUSTED BY ANY EXERCISE OF THAT AUTHORITY, BUT SHALL CONTINUE FROM TiME TO 71ME AND AT ALL TIMES UNTIL
PAYMENT IN FULL OF Al1 AMOUNTS DUE UNDER THIS GUARANTY. GUARANTOR HEREBY WAIVES ANY RIGHT GUARANTOR MAY HAVE TO ;
NOTICE OR TO A HEARING IN CONNECTION WITH ANY SUCH CONFESSION OF JUDGMENT AND STATES THAT E(THER A REPRESENTATIVE
OF LENDER SPECIFICALLY CALLED THlS CONFESSION OF JUDGMENT PROVISIUN TO GUARANTOR'S ATTENTION OR GUARANTOR HAS BEEN
REPRESENTED BYINDEPENDENTLEGALC�UNSEL.
�
,
I
i
;
i
I
i
�
, �
�OMMERCIAL GUARA�UTY
�Cc�n#i�t�ed} �►age �
EACH UNDEFtSlCNED GUARANTQR ACKNOWl.�DGES HAVING f�EAD ALL THE F'RUVtSItJNS OF 1'H!S CUARANTY AND A„t".,rREES 'TQ ITS
TERNIS. iN ADD1T1G1N, EACN�UARANTOR UNDERSTANDS TNAT THtS'GilAFiANTY iS EFFECT111E UPt)N GUARAN70R'S EXECiITtON AND
D�LIVERY OF THtS GUARANTY TO LENDER AND THAT THE GUARANTY WILL CONTINUE UNTIL TERMINA7�D IN T'HE MANNER SET FORTH
. IN 7FfE SECTtC�N TITl.E[?"�URAT'!C}N t�F G�JARANTY". Nt}FC}RMA�ACCEPFANGE BY LENDER IS N�CESSARY Td MAKE.THtS GllARANTY '
EF�ECTlVE. TMIS GUARANTY IS dATEa JUl.Y 10,2003.
TNIS GUtiR/�NTY!S G#V�N UNt}�R S�A�.AND IT 1�INT�NC}C�TNAT T�11a C�UARAltilTY 18 AND SHAl.�.CC}t�ST`tTU7�AN[?FiAV�THE�FFE�T
� OF A SEALED INSTRUMENT ACCORDtNG TO LAW.
GUARANTOR: �,
r ,
� ;�:��� * '
i
X��
:>�!::.•;;�~
eal
)
:<: :. .�..:. :....... :..:.:..., ::::.,.
.. .:,:.::�,:.. .:.,:.:.:::,........ :...,. :.:
:�.:::. .
.::::...:..:•. . ..:...:::..::.:.... .:::..:•:;.:::::•:.
� Vasltlki Malilas,tndivldt�ally .
; INDIVIDUAL ACKNC�WLEDGMENT �
;
- COMMONWEAL,TH 0�P�NNSYLVAN{A } ;
_ �
� )SS
' � GQUNTY OF �1,C�C�2t��..t c� )
On this,the t���� _ day of ^ ,20 �.3 ,before me J�r1 S�� �. ��
,the undersigned ota ublic,persanaily appeared VasiUki Malltos,known to me or satlsfactorfly proven to
be the persan whase nama is subscr�bed to the within Ir�strument, and acknowEedged ttrat he or she executed the same tor#he purposes theretn
contained.
In w(tness wh�eof,!hereun#o set my har►d anct otflc3al seat.
Noiarial ��r . �«'�"-"'
�a SeaJ
i . Krisii A Poe�Notary Pub�i+cc � ��
, , Hampde�►Twp.,Gumberland Courriy Nota Public in and for tMe State of
� � My cam�ss��,c�f�a�.�z,�oas
Member,Pennsylvania Assaciatlon C?C Notarles
�
u�t�t rro t,�arv,vu,6.n.ao.aw cow.wr�wi Fwn.+�sowuo�..i�o.�ssi.20M. AM Ryht�Ruorved. •GA IHWIN�PP8ILPWINICFTIP1.1E70.i0 TWIWl7 PiM It
�
4
!
_ �
�
i
!
, �
� •
�
�
. I
i
!
�
� • Y
, �
.°"_o �`�3� ;,.. _ � � ��.
-� ,
�;�;BERT P. �l�GLER
`. ..,�RDER �F ��Fn�
� ('' :1''1•t ' S: �
RECORDATION
REQUESTED BY: 2pOS FE8 �,8 fl!� 11 12
COMMERCE ,
BANK/HARRI�BURG N.A.
LOAN SERVICING
100 SENATE AVENUE �
P.O.BOX 8599
CAMP HILL,PA 17U11 ,
WHEN RECORDED MAIL �
: TO: � �
COMMERCE �
� BANK/HARRISBURG N.A.
LOAN SERVICING
100 SENATE AVENUE �
P.O.BOX 8599 ��
CAMP HILL,PA 17011
SEND TAX NOTICES�TO: I
COMMERCE I
BANK/HARRISBURG N.A. ;
' LOAN SERVICiNG
100 SENATE AVENUE
P.O.BOX 8599
CAMP HII.L,PA 17011 FOR RECORDER'S USE ONLY
MORTGAGE
THIS MORTGAGE dated ecember 02, 2004, made and executed between Vasiliki Mallios,
whose address is 715 Sa , . olly Springs, PA 170fi5 (referred to below as
"Grantor") and COMMERCE BANK/HARRISBURG N.A., whose address is 100 SENATE
AVENUE, P.O. BOX 8599, CAMP HILL, PA 17011 (referred to below as "Lender").
GRANT OF MORTGAGE. For valuable consideration, Grantor grants, bargains, sells, conveys, assigns, transfers,
releases, confirms and mortgages to Lender all of Grantor's right, title, and interest in and to the following described
real property, together with all existing or subsequentiy erected or affixed buildings, improvements and fixtures; all
streeis, lanes, alleys, passages, and ways; ali easements, rights of way, all liberties, privileges, tenements,
hereditaments, and appurtenances thereunto belonging or anywise made appurtenant hereafter, and the reversions and
remainders with respect thereto; all water, water �ights, watercourses and ditch rights (including stock in utilities with
ditch or irrigation rightsl; and alt other rights, royalties, and profits relating to the real property, including without
limitation all minerals, oil, gas, gaothermal and similar matters, (the "Rea) Property") focated in Cumbet'land
County, Commonwealth of Pennsylvania:
See Exhibit "A", which is attached to this Mortgage and made a part of this Mortgage as if
fully set forth herein.
The Real Property or its address is commonly known as 224 Heisers Lane, Carlisle, PA 17013.
Grantor presently assigns to Lender all of Grantor's right,title,and interest in and to all present and future leasas of the
Property and all Rents from the Property. In addition, Grantor grants to Lender a Uniform Commercial Code security
interest in the Personal Property and Rents.
THIS MORTGAGE, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND
PERSONAI. PROF'�R7Y, IS GIVEN TO SECURE {A) PERFORMANCE OF A GUARANTY FROM GRANTOR TO LENDER, '
AND DOES NOT DIRECTLY SECURE THE OBLiGATIONS DUE LENDER UNDER THE NOTE, (B) PAYMENT OF THE �
INDES7EDNESS AND (C� PERFORMANCE O� ANY AND ALL OBLIGATIONS UNDER THE NOTE IN THE ORI�INA!
PRINCIPAL AMOUNT OF �50,OOU.00, THE RELATED DOCIlMENTS, AND THIS MORTGAGE. THIS MORTGAGE IS
GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
GRANTOR'S WAIVERS. This Mortgage secures a guaranty and does not directly secure the Indebtedness due Lender
under the Note. Grantor waives any and all rights and defenses arising by reason of ia) any "one-action" or "
anti-deficiency" law, or any other law that may prevsnt Lender from bringing any action or claim for deficiency against
Borrower, (b> any election of remedies by Lender which may limit Grantor's rights to proceed against any party
indebted under the Note, or (c) any disability or defense of any party indebted under the Note, any other guarantor or
any other person by reason vf cessation of the Indebtedness due under the Note for any reason other than full payment !
i
�
�
�
�� 48 �� 7 ��� � fl85 . i
�
f
, .
MORTGACE
. (Continued) Page z
o�-tr,e cvot�: _. . .._ . _ _.__.. ._.._ ..__. .._..__
GRANTOR'S REPRESEN7ATIONS AND WARRANTIES. Grantor warrants that: (a) this Mortgage is executed at
Borrower's request and not at the requsst of Lender; {b) Grantor has the full power, right, and authority to enter into
this Mortgage and to hypothecate the Property; (c) the provisions of this Mortgage do not conflict with, or�esult in a
, default under any agreement or other instrument binding upon Grantor and do not result in a vi4lation of any law,
regulation, court decree or order applicable to Grantor; (d} Grantor has established adequate means of obtaining from
Borrower on a continuing basis information about Borrower's financial candition; and (e} Lender has made no
' representation to Grantor about Borrower(including without timitation the creditworthiness of Borrower).
� PAYMEN7 AND PERFORMANCE. Except as otherwise provided in this Mortgage, Grantor shall strictly perform all of
' Grantor's obligations under the Guaranty and under this Mortgage.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower's and Grantor's
possession and use of the Pcoperty shall be governed by the fotlowing provisions:
I Possession and Use. Until the occurrence of an Event of Default, Grantor may {1) remain in possession and
� control of the Property; (2) use,operate or rnanage the Property;and (3) collect the Rents from the Property.
I' Duty to Maintaln. Grantor shall maintain the Property in tenantable condition and promptly perform a(I repairs,
replacements, and maintenance necessary to preserve its value.
Compliance With Environmental Laws. G�antor represents and warrants to Lender thet: (1) During the period of
Grantor's ownership of the Property,there has been no use,generation,manufacture,storage,treatment,disposal,
relsase or threatened release of any Hazardous Substance by any person o�, u�der, about or from the Property;
12) Grantor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and
acknowledged by Lender in writing, fa} any breach or violation of any Environmental Laws, (b) any use,
generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance
on, under, abou# or from the Property by any prior owners or occupants of the Property, or {c). any actual or
threatened litigation or claims of any kind by any person relating to such matters; and 13) Except as previousty
disclosed to and acknowledged by Lender in writing, {a) neither Grantor nor a�y tenant,contractor, agent or other
authorized user of the Property shall use, generate, manufacture, store,treat, dispose of ar retease any Hazardous
Substance on, under,about or from the Property;and (b� any such activity shall be conducted in compliance with
alf applicable federal, staie, and (ocal laws, regulations and ordinances, including without limitation all
Environmental Laws. Grantor authorizes Lender and its agents to enter upon the Property to make such
inspectfons and tests, at Grantor's expense, as Lender may deem appropriate to date�mine compliance of the
Property with this section of the Mortgage. Any inspactions or tests made by Lender shall be for Lender's
purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Grantor or
to any oiher pe�son. The representations and warranties contained herein are based on Grantor's due diligence in
investigating the Property for Hazardous Substances. Grantor hereby (1) releases and waives any future claims
against lender for indemnity or cont�ibution in the event Grantor becomes liable for cleanup or other costs under
any such laws;and (2) agrees to indemnify and hold harmless Lender against any and aN claims,losses,liabilities,
damages, penalties,and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach
of this section of the Mortgage or as a consequence of any use, generation, manufacture, storage, disposal,
release or threatened release occurring prior to Grantor's ow�ership or interest in the Property, whether or not the
same was or should have been known to Grantor. The provisions ot this section of the Mortgage, including the
obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance of
the lien of this Mortgage and shall not be affected by Lender's acquisition of any interest in the Property, whether
by foreclosure or otherwise. �
Nuisance, Waste. Grantor shalf not cause, conduct or permit any nuisance nor commit, permit, or suffer any
stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the '
foregoing, Grantor will not remove,or grant to any other party the right to remove, any timber, minerals 4including
'oil and gas),coal,clay,scoria,soil,gravel or rock products without Lender's prior written consent.
Rernaval of Improvements. Grantor shall not demolish or remove any lmprovements from the Real Property
without Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require
Grantor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least
equal value.
iLender's Right to Enter, Lender and Lender's agents and representatives may enter upon the Real Property at all
� reasonable times to attend to Lender's interests and ta inspect the Reat Property for purposes of Grantor's
i compliance with the terms and conditlons of this Morfgage.
Compliance with Governmental Requirements. Grantor shal! promptly comply with all laws; ordinances, and
regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the '
Praperty, including without limitation, the Americans With Disabilities Act. Grantor may contest:in goorl faith any
such law, ordinance, or regulation and withholcl compliance during any proceeding, including appropriate appeals,
�
f .
i I
i
� . i�
.. I .. � j•^ ''i
� ,
g� 1 � f {�t� � 086 i
� . . . ;
�
�
, �
, . �._
, � ; .
MORTGAGE
(Con#inued) Page 3
so long as Grantor has notified Lender in writ(ng prior to doing sa and so long as,in Lender's sole opinion, Lender's
interests in the Property are not jeopardized. Lender may require Grantor to post adequate security or a surety
bond,reasonably satisfactory to Lender,to protect Lender's interest. •
Duty to Protect. Grantor agrees neither to abandon or leave unattended the Property. Grantor shall do all other
acts, in addition to those acts set forth above in this section,which from the character and use of the Property are
reasonably necessary to protect and preserve the Property.
TAXES AND LIENS. The follawing provisions relating to the taxes and liens on the Property are part of this Mortgage:
Payment. Grantor sha{I pay when due(and in all events prior to delinquency�afl taxas,payro(I taxes,special taxes,
' assessments,water chargas and sewer service charges levied against or on account of the Property, and shall pay
when due all claims for work done on or for services rendered or materlal furnished to the Property. Grantor shall
maintain the Property free of any liens having priority over or equal to the interest of Lender under this Mortgage,
except for those liens specifically agreed to in writing by Lender, and except for the lien of taxes and assessments
not due as further specified in the Right to Contest paragraph.
Right to Contest. Grantor may withhold payment of any tax, assessment,or claim in connection with a good faith
dispute over the obfigation to pay,so long as Lender's interest in the Property is not jeopardized. It a lien arises or
is filed as a result of nonpayment, Grantor shall within fitteen (15) days after the lien arises ar, if a Ifen is filed,
within fifteen (15) days aiter Grantor has notice of the filing, secure the discharge of the lien, or if requested by
Lender,deposit with Lender cash or a sufficient corporate surety bond or other security satisfactory to Lender in an
" amount sufficient to discharge the lien plus any costs and attorneys'fees, or other charges that could accrue as a
• result•���a'foreclosure �r sale under the lien. In any contest, Grantor shall defend itself and Lender end shall
-• satisfy any adverse judgment before enforcement against the Property. Grantor shal!name Lender as an additiona!
� abligee under any surety bond furnished in the contest proceedings,
�� Evidence of Payment. Grantor shall upon demand furnish to Lender satisfact�ry evidence of payment of the taxes
or assessments and shall authorize the appropriate governmental official to deliver to Lender at any time a written
statement of the taxes and assessments against the Property.
Notice of Cortstruction. Grantor shall notify Lender at least fifteen {15}days before any work is commenced, any
services•are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or
other lien•could be asserted on account of the work, services, or materials, Grantor will upon request of Lender .
� furnish to Lender advance assurances satisfactory to Lender that Grantor can and will pay the cost of such
�� improvements,
PROPERTY DAMAGE INSURANCE. The following provisions reiating to insuring the Property are a part of this
� � Mortgage:
Malntenance of Insurance. Grantor shall procure and maintain policies of fire insurance with standard extended
coverage endorsements on a replacement basis for the full insurable value covering all Improvements on the Real
Property in an amount sufficient to avoid application of any coinsurance clause, and with a standard mortgagee
clause in favor of Lender. Grantor shal)also procure and maintain comprehensive general liability insurance in such
coverage amounts as Lender may request with Lender being named as additional insureds in such iiability insurance
policies. Additionally, G�antor shall maintain such other insurance, including but not limited to hazard, business
interruption and boiler insuranee as Lender may require. Policies shall be written by such insurance companies and
in such form as may be reasonably acceptable to Lender. Grantor shall deliver to l.ender certificates of coverage �
from each insurer containing a stipulation that coverage wiA not be cancelled or diminished without a minimum of
ten(10) days'prior written notice to Lender and not containing any disclaimer of the insurer's liability for failure to
give such notice, Each insurance policy also shall include an endorsement providing that coverage in favor of
Lender wil)not be impaired in any way by any act,omission or default of Grantor or any other person. Should the
Real Property be located in an area designated by the Director of the Federal Emergency Management Agency as a
speciel flood hazard area, Grantor agrees to obtain and maintain Federal Flood Insurance, if available, within 45
iiays after notice is glven by Lender that the Property is located in a special flood hazard area, for the futl unpaid
principel balance af the loan and any prior liens on the property securing the loan, up to the maximum policy limits '
set under the National Flood Insurance Program, or as atherwise required by Lender, and to maintain such i
insurance for the term of the loan. i
Application of Proceeds. Grantor shall prompLly notify Lender of any loss or damage to the Praperty. Lende�may
make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty, Whether or not Lender's I
security is impaired, Lender may, at lender's election, receive and retain the proceeds of any insurance and apply
the proceeds to the reduction of the Indebtedness, payment of any lien affecting the Property, or the restoration
and repair of the P�aperty. lf Lender elects to apply the proceeds to restoration and repair, Grantor shall repair or
replace the damaged or destroyed Improvements in a manner satisfactory to Lender. Lender shall, upon
satisfactory proof of such expenditure, pay or reimburse Grantor from the proceeds for the reasonable cast of
repair or restoration if Grantor is not in default under this Mortgage. Any proceeds which have not been disbursed
f
I
I
i
I
I
�'� ! 8 � i ��G� � 87 �,
;
�
, .
MORTGAGE
(Continued) Page 4
within 180 days after thQir rocoipt and which Lvndor has not aommitted to the repsir or restoration of the Property
shall be used first to pay any amount owing to Lender under this Mortgage, then to pay accrued interest, and the
remainder, if any, shall be appiied to the principal balance of the Indebtedness. If Lender holds any proceeds ahe�
, payment in full of the Indebtedness,such proceeds shall be paid to Grantor as Grantor's interests may appear.
LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's inte�est in
i the Property or if Grantor fails to comply wiih any provision of this Mortgage or any Reiated Documents, including but
' not limited to Grantor's failure to discharge or pay when due any amounts Grantor is required to discharge or pay under
this Mortgage or any Related Documents,Lender on Grantor's behalf may(but shafl not be obligated to)�take any action
i that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests,
� encumbrances and other claims, at any time levied or placed on the Property anct paying all costs for insuring,
�
maintaining and preserving the Property. All such expenditu�es incurred or paid by Lender for such purposes will then
� bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by
�
Grantor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on
demand; (B) be added to the balance of the Note and be apportioned among and be payable with. any i�stallment
payments to become due during either {1) the term of any applicable insurance policy; or (2� the remaining term of
the Note;or (C) be treated as a balloon payment which witl be due and payable at the Note's maturity. The Mortgage
also wiil secure payment of these amounts. Such right shall be in addition to all other �ights and remedles to which
I Lendor may be entitlad upon Qefault. Grantor's obligation to Lender for all such expenses shall survive the entry of any
� mortgage foreclosure judgmant.
WARRANTY; DEFENSE OF TI7LE. 7he following provisions relating to ownership of the Property are a part of this
Mortgage:
Title. Grantor warrants that: Ia) Granior holds good and marketable title of record to the Property in fee simple,
free and clear of all liens and encumbrances other than those set forth in the Real Property description or in eny
title insurance policy, title report, or final thle opinion issued In favor of, and accepted by, l.ender in connection
' with this Mortgage, and (b}Grantor has the full right,power, and authority to execute and deliver this Mortgage to
Lender.
Defense of Title. Subject to the exception in the paragraph above, Grantor warrants and will lorever defend the
title to the Property against the lawful claims of all persons. In the event any action or proceeding is commenced
that questions Grantor's title or the interest of Lender under this Mortgage, Grantor shait defend the action at
Grantor's expense. Grantor may be the nominal party in such proceeding, but Lender shall be entitled to
participate in the proceeding and to be represented in the proceeding by counsel of Lender's own choice, and
Grantor will deliver,or cause to be defivered,to Lender such instruments as Lender may request i`rom time to time
to permit such participation.
Compliance With Laws. Grantor warrants that the Property and Grantor's use of the Properiy complies with all
existing applicable laws,ordinances,and regulations of governmental authorities.
Survival of Representatlons and Warranties. All representations, warranties, and agreements made by G�antor in
this Mortgage shall survive the execution and delivery of this Mortgage, shal! be continuing in nature, and shall
remain in full force and effect until such time as Borrower's Indebtedness shal!be paid in full,
CONDEMNATION. The foflowing provisions relating to condemnatian proceedings are a part of this Mortgage; ,
Proceedings. ff any proceeding in condemnation is filed, Grantor shall promptly notify Lender in writing, and
Grantor shalf promptly take such steps as may be necessary to defend the action and obtain the award. Grantor
� may be the nominal party in such proceeding,but Lender shalt be entitled to participate in the proceeding and to be
represented in the proceeding by counse) of its own choice, and Grantor will deliver or cause to be delivered to I
Lender such instruments and documentation as may be requested by Lender from time to tlme to permit such
participation. �
i
Application of Net Proceeds. If all o�any part of the Property Is condemned by eminent domain proceedings or by �
�
any proceeding or purchas�in lieu of condemnation, Lender may at its election require that all or any portion of the
net proceeds of the award be applied to the Indebtedness or the repair or restoration of the Property. The net
proceeds of the award shall mean the award efter payment of all actual costs, expenses, a�d attorneys' tees
incurred by Lender in connectton with the condemnation.
1MPOSCTION OF TAXES, FEES AND CHARGES SY GOV�RNMENTAL AUTHORITIES. The following provisions relating
to governrnental taxes,fees and charges are a part of this Mortgage:
� Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such documents in addition to
this Mortgage and take whatever other action is requested by Lender to perfect and cont'rnue Lac�der's lien on the I
IReal Property. Grantor shall reimburse Lender for all taxes, as described below, together with al! expenses ,
t incurred in recording, perfecting or cantinuing this Mortgage, including without limitation all taxes, fees, i
documentary stamps, and other charges for recording or registering this Mortgage. I
- I i
(
�
I I
' I
� � � � / i'uJU � 8 I
; , , .,�
; , ,
, .
� • ;
, �
. . r�. .
. , ,
MORTGAGE
(Continued) Page 5
Taxes. The following shall constitute taxes to which this section applies: (1) a specific tax upon this type of
Mortgage or upon all or any part of the Indebtedness secured by this Mortgage; (2) a specific tax on Borrower
which Borrower is authorized or required to deduct from payments on the Indebtedness secured by this type of
Mortgage; (3) a tax on this type of Mortgage chargeable against the Lender or the holder of the Note; and (4) a
specific tax on all or any portion of the indebtedness or on payments of principal and interest made by Borrower.
Subsequent Taxes. If any tax to which this section appliss is enacted subsequent to the date of this Mortgage, �
this event shall have the same effect as an Event of Default, and Lender may exercise any or a!I of its available
remedies for an Event of Default as provided below unless Grantor either (1? pays the tax before it becomes
delinquent, or (2) contests the tax as providec! abave in the Taxes and Llens section and daposits with Lender
cash or a sufficient corporate surety bond or other security satisfactory to Lender.
SECURITY AGREEMENT; FINANCING STATEMENTS. The following provisions relating to this Mortgage as a security
agreement are a part of this Mortgage:
Security Agreement. This instrument shall constitute a Security Agreement to the extent any of the Property
. c�nstitutes fixtures, and Lender shall have all of the rights of a secured party under the Uniform Commercial Code
as amended from time to time.
Security Interest. Upon request by Lender, Grantor shall take whatever action is requested by Lender to perfect
and continue Lender's security interest in the Rents and Personal Property. In addition to recording this Mortgage
in the real property records, Lender may, at any time and without further authorization from Grantar,file executed
' counterparts, copies or reproductions of this Mortgage as a financing statement. Grantor shall reimburse Lender
for all�expenses incurred in pertecting or continuing this security inte�est. Upon default, Grantor shall not remove,
sever or detach the Personal Property from the Property. Upon default, Grantor shall assemble any Personal
,�. Property,not affixed to the Property in a manner and at e place reasonably convenient to Grantor and Lender and
make it available to Lender within th�ee (3) days after receipt af written demand from Lender to the extent
permitted by applicable law.
Addresses. The mailing addresses of Grantor (debtor) and Lender (secured party) from which information
concerning the security interest granted by this Mortgage may be obtained {each as required by the Unitorm
Commercial Code} are as stated on the first page af this Mortgage.
� FURTHER ASSURAIVCES;ADDITIONAL AUTHORIZATIONS. The foUowing provisions relating to further assurances and
additional authorizations are a part of this Mortgage: j
Further Assurances. At any time, and from time to time, upon request of Lende�, Grentor will make,execute and
� deliver, or will cause to be made, executed or defivered,to Lender or to Lender's designee,and when requested by
Lender, cause to be filed, recorded, refiled, or rerecorded, as the case may be, at such times and in such oftices
and places as Lender may deem appropriate, any and all such mortgages, deeds of trust, security deeds, security
agreements, financing statements, continuation statements, instruments of further assurance, certificates, and
other documents as may, in the sole opinion of Lender, be necessary or desirabfe in order to effectuate, comp(ete,
perfect, continue, ar preserve (1) Borrower's and Grantor's obligations under the Note, this Mortgage, and the
Related Documents, and (2) the liens and security interests created by this Mortgage on the Property, whether �
now owned or hereafter acquired by Grantor. Unless prohibited by law or Lender agrees to the contrary in writing, �
Grantor shall reimburse Lender for all costs and expenses incurred in connection with the matters referred to in this
paragraph.
Additional Authorizations. If Grantor fails to do any of the things referred to in the preceding paragraph, Lender
may do so for and in the name of Grantor and at Grantar's expense. For such purposes, Grantor hereby �
irrevocably authorizes Lender to make,execute,deliver,file,�ecord and do all other things as may be necessary or i
desirable, in Lender's sole opinion, to accomplish the matters referred to in the preceding paragraph. It is
understood that nothing set forth herein shall require lender to take any such actians. • �
�
FULL PERFORIVIARfCE. If Grantor shall strictly perform all of G�antor's obligations under the Guaranty and otherwise i
performs all the obligations imposed upon Grantor under this Martgage, lender shall execute and deliver to Grantor a
suitable satisfaction of this Mortgage and suitable statements of termination of any financing statement on file !
evidencing Lender's security interest in the Rents and the Personal Property. Grantor will pay,if permitted by applicable '
law, any reasonabfe termination fee as determined by Lender from time to time. I
I
EVENTS OF DEFAULT. Each of the following, at Lender's optfon, shall constitute an Event of Default under ihis !
Mortgage: �
Payment Defauit. Borrower fails to make any payment when due under the fndebtedness. (
Default on Other Payments. Failure of Grantor within the time required by this Mortgage to make any payment for �
taxes or insurance,or any other payment necessary to prevent filing of or to effect discharge of any lien. �
Other Defaults. Borrower or Grantor fails to comply with or to pertorm any other term, obligation, covenant or �
i
. , i
. I
�
i
I
:
�
g�{ � BQ � i�G3t� 89 '
�
, �
MORTGAGE
(Continued) Page 6
condition contained in this Mortgage or in any o#the Related Documents or to comply with or to perform any term,
obligation,covenant or condition contained in any other agreement between Lender and Borrower or Grantor,
Default in Favor of Thlyd Parties. Should Borrower or any Grantor default under any loan, extension of credit,
security agreement, purchase or sales agreement,or any other agreement,in favor of any other creditor or person
ihat may materially atfect any of Borrower's or any Grantor's property or Borrower's ability to repay the
. Indebtedness or Borrower's or Grantor's abllity to perform their respective obllgations under this Mortgage or any
related document.
False Statements, Any warranty, �epresentation or statement made or furnished to Lender by Borrower or Grantor
j or on Borrower's or Grantor's behalf under this Mortgage or tha Related Documents Js false or misleading in any
; material respect, either now or at the time made or furnished or becomes false or misteading at any time
' thereafter.
Defective Collaterallzation. This Mortgage or any of the Related Documents ceases to be in full force and effect
(including failure of any collateral document to create a valid and perfected security interest or lien)at any time and
for any reason.
� Death or Insolvency. The death of Borrower or Grantor,the insolvency of Borrower o�Grantor,the appointment of
a receiver for any part of Borrower's or Grantor's property, any assignment for the benefit of creditors, any type of
creditor workout,or the commencement of any proceeding under any bankruptcy or insolvency laws by or against
Borrower or Grantor.
Creditor or Farteiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judiciat
proceeding, self-help, repossession or any other method, by any creditor of Borrower or Grantor or by any
governmental agency against any property securing the •Indebtedness, This includes a gernishment of any of
Borrower's or Grantor's accounts, including deposit accounts, wiih Lender. Flowever, this Event of Default shall
not apply if there is a good faith dispute by Borrower or Grantor as to the validity or reasonableness af the claim
which is the basis of the creditor or forfeiture proceading and if Borrower or Grantor gives Lender written notice of
the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture
proceeding,in an amount determined by Lender,in its sole discretion,as being an adequate reserve or bond for the
dispute.
Breach of Other Agreeme�t. Any breach by Borrower or Grantor under the terms of any other agreement between
Borrower or Grantor and Lender that is not remedied within any grace pariod provided therein, including without
limitation any agreement concerning any indebtedness or other obligation of Borrower or G�antor to Lender,
whether existing now or later.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the
Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liabilfty
under, any Guaranty of the lndebtedness. In the event of a death, Lender, at its option, may, but shall not be
required to, permit the Guarantor's estate to assume unconditionally the obligations arising under the guaranty in a
manner satistactory to Lender, and, in doing so,cure any Event of Default.
Adverse Change. A materia! adverse change occurs in Grantor's financial condition, or Lender believes the
prospect of payment or performance of the Indebtedness is impaired�
Insecurity. Lender in good faith believes itsali insecure.
Right to Cure. If any default,other than a default in payment is curable and if Grantor has not been given a notice
� of a breach of the same provision of this Mortgage within the preceding tyvelve (12) months, it may be cured if
� Grantor, atter receiving written notice fr�m Lender demanding cure of such default: (1} cures the default within
fifteen (15)days; or (2) if the cure requires mora than fifteen(15)days, immediately initiates steps which Lender
deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes afl
reasoneble and necessary steps sufficieni to produce eompliance as soon as reasonably practical.
RIGHTS AND REMEDIES ON DEFAULT. Upon ihe occurrence of an Event of Default and at any time thereafter,Lender,
at Lender's option,may exercise any one or more of the following rights and remedies,in addition to any other rights or
remed'+es provided by law: �
� Accelerate Indebtedness. Lender shall have the right at its aption, after giving such notices as required by
� applicable law,to declare the.entire Indebtedness immedtetely due and payable.
UCC Remedies. With respect to all or any part of the Personal Property, Lender shall have all the rights and
� remedies of a secured party under the Uniform Commercial�ode.
J Cotlect Rents. Lender shall have the right, without notice to Borrower or Grantor, to take possession of the ,
� Property and, with or without taking possession of the Property, to collect the Rents, including amounts pasi due
� and unpaid, and apply the net proceeds, over and above Lender's costs, against the Indebtedness. In furtherence
of this right, Lender may require any tenant or other user of the Property to make payments of rent or use fees i
; �
i
�
i
. � ' . ... r�.� (1 r'� I
� � Bj. .,� 9 / i-�� � i�g0 ;
. ; . �
i � ,� � ' �
I
. �
,.--. .
� MORTGAGE �
(Continued) Page 7
directly to Lender. If the Rents are collected by Lender, then Grantor irrevocabiy authorizes Lender to endorse
instruments received in payment thereof in the name of Grantor and to negotiate the same and collect the
proceeds. Payments by tenants or other users to Lende� in response to Lender's demand shall satisfy tha
obligations for which the payments are made, whether o�not any proper grounds for the demand existed. Lender
may exercise its rights under this subparagraph either in person,by agent,or through a receiver.
Appoint Receiver. Lender shall have the right to have a receiver appointed to take possession of all or any part of
the Property,with the power to protect and preserve the Property,to operate the Property preceding foreclosure or
sale, and to callect the Rents from the Property and apply the proceeds, over and above the cost of the .
receivershlp, against the Indebtedness, The receiver may serve without b�nd if permitted by law. Lender's right
to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the
Indebtedness by a substantial amount. Employment by l.ender shall not disquaiify a person from serving as a
receiver.
Judicial Foreclosure. Lender may obtain a judicial decree foreclosing Grantor's interest in all or any part of the
Property.
Possession of the Property. For the purpose of procuring possession of the Proparty, Grantor hereby authorizes
and empowers any attorney of any court of record in the Commonwealth of Pennsylvania or elsewhere,as attorney
for Lender and all persons claiming under or through Lender,to sign an agreement for entering in any competent
court an amicable action in ejectment for possession of ihe Property and to appear for and confess judgment ;
against Grantor, and against afl persons claiming under or through Grarttor, for the recovery by Lender of �
possession of the Property, without any stay of execution, for which this Mortgage, or a copy of this Mortgage
' verified�'by affidavit, shall be a sufficient warrent; and thereupon a writ of possession may be issued forthwith,
'�� without any prior writ or proceeding whatsoever.
- Nonjudicial Sale. If permitted by applicable law, Lender may foreclose Grantor's interost in a11 or in any part of the
Personal Property or the Real Property by non-judicial sale. i
Deflciency Judgment. Lender may obtain a judgment for any deficiency remaining in the Indebtednass due to
Lender after application of all amounts received from the exercise of the rights provided in this section.
Tenancy et Suiferance. If Grantor remains in possession of the Property aiter the Property is sold as provided
above ar Lender otherwise becomes entitled to possession of the Property upon dafault of Grantor, Grantor shall
become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender's option, either (1)
pay a;reasonable rental for the use of the Property, or (2) vacate the Property immediately upon the demand of
Lender.
' Other Remedies. Lendet shall have all other rights and remedies provided in this Mortgage or the Note or available
at law or in equity.
� Sale oi the Property. To the extent permitted by applicable law, Borrower and Grantor hereby waives any and all
right to have the Property marshalled. In exercising its rights and remedies, Lender shall be free to sel)all or any
part of the Property together or separately, in one sale or by separate sales. Lender shall be entitled to bid at any
public sale on all or any portion of the Property. •
Notice of Sale. Lender shall give Grantor reasonable notice of the time and place of any public sale of the Personal
Property or of the time after which any private sale or other intended disposition of the Personal Property is to be
made. Unless otherwise required by applicable law, reasonable notice shall mean notice given at least ten (10)
days before the time of the sale or disposition. Any sale of the Personal Property may be made in conjunction with
; any sale ot the Real Property.
Election of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy,and
an election to make expenditures or to take action to perform an obligation of Grantor under this Mortgage, after
Grantor's failure to perform,shall not affect Lender's right to declare a default and exercise its remedies, Nothing
under this Mortgage or otherwise shall be construsd so as to limit or restrict the rights and remedies available to I
Lender following an Event of Default, or in any way to limit or restrict the rights and ability of Lender to proceed
directly against Grantor and/or Borrower and/or against any other co-maker,guarantor, surety or endorser and/or to
proceed against any other collateral directly or indirectly securing the Indebtedness.
Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce any of the terms of this Mortgage, i
Lender shall be entitled to recover such sum as the court may adjudge reasonable as attomeys' fees at trial and ,
upon any appeaL Whether or not any court action is involved, and to the extent not prohibited by law, all ,
reasonable expenses Lender incurs that in Lender's opinion are necessary at any time for the protection of its �
interest or the enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear !
interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph include, �
without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal i
expenses, whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy prviceedings �
,
�i
I
�
i
!
�{ � �, � 7 �'� � 0 � f
B �
1 �
MORTGAGE
' (Continued} Page 8
� (includinfl 9ffarts to modify or vacate any automatic stby or injunction), appeais, and any anticipatod post•judgment
collection services,the cost of searching records, �btaining title reports (inciuding foreciosure reportsl, surveyors'
� reporis, and appraisal fees and titfe insurance, to the extent permitted by applicable law. Grantor also wili pay any
court costs, in addition to all other sums provided by law.
NOTICES. Unless otherwise provided by applicable law, any notice required to be given under this Mortgage shall be
given in writing, and shail be effective when actually delivered, when actuaily received by telefacsimile (unless
otherwise required by law►,when deposited with a nationally recognized overnight courier,or, if mailed,when deposited
in the United States mail, as first class, certified or registered mail postage prepaid, directed to the addresses shown
near the beginning of this Mortgage. AU copies of notices of forectosure from the holder of any lien which has priority
� over this Mortgage shall be sent to Lender's address, as shown near the beginning of this Mortgage. Any party may
' change its address for notices undet this Mortgage by giving formal wrltten notice to the other parties,specifying that
the purpose of the notice is to change the party's address.� For notice purposes, Grantor agrees to keep Lender
informed at all times of Grantor's cutrent address, Unless otherwise provided by applicable law, if there is more than '
one Grantor,any notice given by Lender to any Grantor is deemed to be notice given to all Grantors.
MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Mortgage:
I Amendments. This Mortgage, together with any Related Documents, constitutes the entire understanding and �
� agreement of the partles as to the matters set forth in this Mortgage. No alteration of or amendment to this
Mortgage shaN be effective unless given in writing and signed by the party or parties sought to be charged or
Ibound by the alteration or amendment.
An�ual Reports. If the Property is used for purposes other than Grantor's residence, Grantor shall furnish to
Lender, upon request, a certified statement of net operating income received from the Property during Grantor's
previous fiscal year in such form and detail as Lender shall require. "Net operating income" shai! mean all cash
receipts from the Property less all cash expenditures made in connection with the operation of the Property.
Caption Headings. Caption headings in this Mortgage are for convenience purposes only and are not to be used to
interpret or define the provisions of this Mortgage.
Governing Law. 7hls Mortgage wil) be gqverned by fede�al law applicable to Lender a�d, to the extent not
preempted by federal(aw, the laws of the Commonwealth of Pennsytvania without regard to its confllcts of law
provisions. Thts Mortgage has been accepted by Lender in the Commonwealth of Pennsytvania.
Joint and Several Llabiiity. AH obligations of Borrower and Grantor under this Mortgage shell be joint and several,
and all references to Grantor shall mean each and every Grantor, and all references to Borrawer shall mean each
and every Borrower. This means that each Borrower and Grantor signing below is responsible for all obligations in
this Mortgage.
No Waiver by Lender. Lender shal! not be deemed to have waived any rights under this Mortgage unless such
waiver is given in writing and signed by Lender. No delay or omission on the part of Lender in exercising any tight
shall operate as a walver of such right or any other right. A waiver by Lender of a provision of this Mortgage shall
not prejudice or constitute a waiver o1 Lender's right otherwise to demand strict compliance with that.provision ot
any other provisfon of this Mortgage. No prior waiver by Lender, nor any course ot dealing between Lender and
Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's obligations as to any future
transactions. Whenever the consent of Lende� is required under this Mortgage, the granting of such consent by
Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is
required and in all cases such consent may be granted o�wtthheld in the sole discretion of Lender.
Severabllity. If a court of competent jurisdiction finds any provision of this Mortgage to be illegal, invalid, or �
unenforceable as to any clrcumstance, that finding shall not make the offending provision illegal, invalid, or
unenforceable as to any other circumsiance. If feasible, the offending provisipn shall be considered modified so
that it becomes legal, valid and enforceable. If the offending provision cannot be so modified, it shall be
considered deleted from this Mortgege. Unless otherwise required by law, the illegality, invalidity, or i
unenfo�ceab(lity of any provision of this Mortgage shail not affect the legality,validity or enforceability of any other
provision of this Mortgage.
Merger. There shall be no merger oi the interest or estata created by this Mortgage with any other interest or
estate in the Property at any time held by or for the benefit of Lende�in any capacity,without the written consent
of Le�der.
Successor Interests. The terms of this Mortgage shail be binding upon Grantor,and upon Grant�r's heirs, persona! '
representatives,successors,and assigns, and shall be enforceable by Lender and its successors and assigns.
Tlme is of the Essence. Time is of the essence in the pertormance of this Mortgage. j
DEFINITIONS. The following capitalized wo�ds and terms shall haae the following meanings when used in this
� Mortgage. Unless specifically stated to the contrary, all references to dollar amounts shatl mean amounts in lawful
� f
. (
. �
Ir C� �,., r� !1 (,,'1 2 I
I � . � � ' � �`� � � � , � � `' u � '
�
� �
� � . �
.. _ �.
� ' (
MORTGAGE
(Continued) Page 9
money of the United States of America, Words and terms used in the singular shall include the piural, and the plural
shall include the singular, as the context may require. Words and terms not otherwise defined in this Mortgage shall
have the meanings attributed to such terms in the Uniform Commercial Code:
Borrower. The word "Borrower" means Constantinos J. Mallios and includes all co-signers and co-makers signing
the Note.
Default. The word "Default" means the Default set forth in this M�rtgage in the section titled"Default".
Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes,
regulations and ordinances relating to the protection of human health or the environment, including without
limitation the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amendad, 42
. U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund Amendments and Reautharization Act of 1986, Pub. L.
No. 99-499("SARA"),the Hazardous Materisls Transportation Act,49 U.S.C.Sectfon 1801,et seq.,the Resource
Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal laws, rules,
or regulations adopted pursuant thsreto. ' �
Event of Default. The words "Event of Default" mean any of the events of default set forth in this Mortgage in the
events of default section of this Mortgage.
Grantor. The word "Grantor" means Vasifiki Mallios. . .
Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the
Indebtedness.
. �
• Guaranty.� The vtiord "Guaranty" means the guaranty from Grantor to �ender, including without lirnitation a
guaranty df all or part of the Note.
Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity,
concentration or physical, chemical or infectious characteristics, may cause or pose a present or potential hazard
, to human health or the environment when improperly used,treated,stored, disposed of, generated, manufactured,
transported or otherwise handled. The words "Nazardous Substances" a�e used in their very broadest sense and
include without limitation any and all hazardous or toxic substances, materials or waste as defined by or listed
� under the Environmental Laws. Tha term "Hazardous Substances" also includes,without limitation, petroleum and
petroleum by-products or any fraction thereof and asbestos. ��
Impravements. The word "lmprovements" means all existing and ita-ture improvements, buildings, structures,
� mobile'homes affixad on the Real Property, facilities, additions, replacements end other construction on the Real
� Property. � ' � �
Indebtedness. The word "Indebtedness" means all obligatians of Grantor under the Guaranty, together with all
renewals of, extensions of, modifications of, consolidations of and substitutions for the obfigations under the
Guaranty and any amounts expended or advanced by Lender to discharge Grantor's obligaiions or expenses
incurred by Lender to enforce Grantor's obligations under this Mortgage,together with interest on such amounts as
provided in this Mortgage. The liens and security interests created pursuant to this Mortgage covering the
Indebtedness which may be created in the future shall relate back to the date of this Mortgage.
Lender. The word "Lender"means COMMERCE BANK/HARRISBURG N.A., its successors and assigns.
Mortgage. The word "Mortgage"means this Mortgage between Grantor and Lender.
Note. The�word "Note" means the promissory note dated July 10, 2003, in the original principal amount
of $50;000.00 from Borrower to Lender, together with all renewals of, extensions of, modifications of,
refinancings of, consolidations of, and substitutions for the promissory note or agreement. The maturity date of �
the Note is July 10,2018. NOTICE TO GRANTOR:THE NOTE CONTAINS A VARIABLE INTEREST RATE.
Personal Property. The words "Personal Property" mean aU equipment, fixtures, and other articles of personal I
property now or hereaiter owned by Grantor, and now or hereafter attached or affixed to the Real Property;
together with all accessians, parts, and additions to, all replacements of, and all substitutions for, any of such ;
property; and together with all proceeds (including without limitation all insurance proceeds and refunds af �
premiums)from any sale or other disposition of the Property. �
Property. The word "Property" means cotlectively the Real Property and the Personal Property.
Real Property. 7he words "Real Property" mean the real property, interests and rights, as further described in this
Mortgage.
Related Doauments. The words "Related Documents" mean all pr�missory notes, credit agreements, loan
agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
deeds, collaterai martgages, and af! other instruments, agreements and documents, whether now o� hereafter
exisiing,executed in connection with the Indebtedness.
i
I
i
i
I
�
� L� � �^ r� � I
g;{ � � , i �-� �� � � ;
�
;
;
MC)RTGAGE •
(Continued) Page 10
Rents. The word "RPnts" m��ns all present and future rents, revenues, income, issues, royaltic�, profits, and
other benefits derived from the.Property, �
' GRAN70R ACKNOWIEDGES HAVING READ ALL THE PR�VISIONS OF THIS MORTGAGE, ANb GRANTOR AGREES
• TO li'S TERMS.
' THIS MOR7GAGE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS MOR7GAGE IS AND SHALL CONSTlTUTE
AND HAVE THE EFFECT OF A SEALEp INSTRUMENT ACCORDING TQ LAW. �
GRANT�R:
. . ., .:.
, I .. � ; ... .:�.' :.::� ' �
� ... . .. .:�:; : .
X:.�.f�.•:: : ..:;.. . .. '_ ......:ISeall
.:.. :...... ...... . :... ... .......
Vasiliki Mallios
I
�
� .
�
�
CERTIFICATE OF RESIDENCE
�
I hereby certify,that the precise address of the mortgagee,COMMERC�BANlC/HARRISBUR N.A., herein is as follows:
LOAN SERVlClNG, 100 SENATE AVENUE,P.O. BOX 8599,CAMP HILi., PA 17011
I
�
.
�
ey or ent for Mortgagee
INDIVIDUAL ACKNOWLEDGMENT
COMMONWEAl.7H OF PENNSYLVANIA )
r �ss
COUNTY OF N )
r
On this,the �..., day of ��,�+V y, , 20��, before me�^
, the undersigned Notary Pubiic, personally appeared �/asiliki MalUos, known to�
me (or satisfactorily proven) to be the pe�son whose name is subscribed to the within instrument, and acknowledged
that he or she executed the same for the purposes therein contained.
� In.wltae8s whereof t here�nio set mv hand and offlciai seal :��
j �'+%'�.' ' ..
'�, ,
� !:. % SIS��in, NotNt�l Pt,t,tir
r����-��burg, Dauphin Cnur.ty
; •�• 1 l�-�r:�,� .F.xpires lu�ze 13, ?C;;� Notary Public in and for the State of �
- .. ....—�....._.... _.
.��.. �r. ,�:�^i.,�sociaGono;f,�....^::
�
, �
i USER PNO L�ndYp.Vk.6.45.00.006 Cepr.Marhnd FhaneW SolulbnK Mo.1l97.20D4. M Rlp�la Pawrwd. •YA M:IWINAYP51lPWIMCFlUPUCWD.FC TR.0067 Gq-1� . I
I
� I
� � '��-!i���v :li i5 t� be r�corded
� . I
' ��; r: ��.,�����rlar�� C;ounty P.� ,
� *, I
I .. . , ..',J �J r• � �`���
!��—+�'.' ..,,a,,�"'
1 ``` I
;. •,
`. ��
. � � ,'�,� ,' I
... •i i
' ..t��i�rt
. `��`;��:��� �7C ��d ���.��� �C����.�� I
~`����-�- Rec�rd.er of Deeds �
300 No�b Seoond Se�vat St6 Floo�H.rM.b�PA 17101 i
' I � � 7 �t� 3094 �
� , . � . . , , ;
1 �
U`���U STANDARD AG��MCNT FOR,THE SALE C1F REAL�STATE ASR
I,1�f lbis Fcx�n rccaauuendcd and n�ru�t fnr,lwt not rrsirictal to tuc by,ttio mnttibcro af tbc Pcansylranta Assc�cintioa afRL�AY,TOR3aD(PAR).
r��
PATtT�S
� .avoe W Green, Bazabara L Messner SE�,Y..k�K(S): Estate of Vasiliki Mallios ,
1��►��--
ntnt�;rt�s n�n.,rt�G�,nn�ss: SEGY.Eit'S M�LIIVG AI)nI2�SS: �'�
14 Waqoner Ur, 8hippensburc�, PA 17257
YR4PERTY
PROPI:Tt'I'Y ADDItCS5 224 Heisers Lane, CarZisle, PA �
ZII' 17413 ,
in thc mwticfipt�lity of South Middleton Township �County of Cumberland �
In thc 5cliaal Distrlct of Sauth Middleton ,in the Commanwcalth of Pcnnsylvunl�.
idcnti�catton(c.g.,Ts�c 1D#;I'arccl�;Lq�,I�IQCIC DCCd BOOIC,Pil$C,Rccarding Untc):
QUYER'S RELATYONSHIF WIT�PA LICEN5ED B�t�KCR
Q No Business Relallonst�i�(Yiiryer�S not represented[ry a broker)
I3rol:cr(Coinpany) Alpha 3tate Real�v Licensc:c(�){Ntttnc)Constantinos J Mallios a
- licensed Real estate actent
Comgnny Address ls state Ave.�susr.o ios� C87C11elCt� PA Dircct Phanc{s) (717)226-2127
1707.3 � � � Cell1'hanc(s) �
Company Phone �717_?2A3�-540Q �'�
; Comp�ny rsix 5717)243-5417 E[ttt�il a�taQalphastaterea7.ty,com
Brokcr is: Licenscc(s)is:
❑T�uyer Agent(�3rokcr rupresenls Baycr only) ❑T3uyer Ag��t with nesignntcd Agency
❑Dun{Agcnt(Sec Du�l ancVar Dcsignaicd Ag�nt box bclo�v) ❑Buycr Agcnt�rithout Dcsignatect A�cncy
� � ❑Du�l Agent(See Dual aacilor Designated A�cnt box belaw)
❑1'rnns�ctian Liccnscc(I3rokcr and Liccnscc(s}providc ccRl cstntc scrvices bttl do aot repmscnt Buycr)
' SELLrR'S R��ATIQNSHIP WI'I'H PA I.ICENS�D BROK�R
❑No Tiusiness ReIationship(Scllcr is Eiot represented I�y u brakcr)
Brokcr(Camptwy}A1pha S�a�e Real�v Liccnsce(s)(Namc}Sau►a
GornpnnyAddress iS 3ta� Av+a.Lbliito 103, CarliAlo, PA Directl't�anc(s)
17013 Ccll Phon�:(s)
Camnuny Phonc (7172Q35400 rttx
CampRny l�nx �717)243-5417 �mait '
13rokcr is; Liccnsec(s)is;
❑SeU�r Agent(Broker rcprescnts Scller only) [�Soller Ageat rvitU Designatecl Ageney �
❑nunl Agc�t(See Dual i�nd/or Desl�aled Ageat b�x bela�v) ❑Scl{cr Ag�nt without Desisnateci Agency I
❑Duttl A�ent(Sco Dunl aqdlor Dcsi�nttied A�;4nt box belo�v)
❑7'rtui�ecion Ltcec�yee(Rroker ttnd Liccnsee(s)�rovicie t�t:al t;stc►to services but da not represent Seiler)
DUAL AND/OR DESTGN'A'i'T+:D AGENCY
A 13raker is a nuul Agent wh�n a Broker rcpresenl.s botb Buycr und Seltcr in the stuiia trnns�ctian.A Liccnsee is a Dual Ag�nt when u Licanse�
rcprc..�et�ts Buyer And Sellcr in the same tr<�n�ctian.All ofBrnkor's licensces ura ulso Dcuil Agcnts iJNLI:SS thera ace sc;��ratc Aesi�nal�d Asents
for E3uycr and Se1lCr.If tha Stune I.icensc;e i�clesi�naied for Buye:r and Selicr,lI1C L.JCCiISCC 1S A D11�I AgCAt.
13y si�;nin�this Agrtement,Buyer aad Seller eacl�acknowted�o having been�rev[ously informcd af,and evnsented tc�,clual ageacy,if
n�plicnblc. '
lluyer Inflia • ASR Pa�c 1 nf t i Scllcr Initi�ls• I
� Itcvisccdl 7/11 CdPYitIC1iT rFMYSYLVANiA ASSOCIAT[ON 0[+ ,Al.�OR�2Q1I �
�/I Pennsylvania Associatian of REALTORS' ���o i
n��suee ieat�y�s s�n��s�o to�e.�iuk r��7ou � . . .� .� _, .. . ._._^�,_ .., ^pno�:(7i�2AS.saoo ,� ��x ��i�s•u-sa» peiscss L►no flub
' .
. � 1. By thls Agreement, dntcd Novembar 6, Zo�� ,
2 Seller hereby agrecs to sell nhd convey to�3uycr,�vha Agree.s to purchgse,the identified Property.
i' 3 Z. PURCFiASE PRYCE AND D.EFUSTTS(�-IO)
/ 4 (A) 1'u�chsisu F'rice S Three Huudrod Twenty Fxve Thousand and QOLI00 ($3251400.00�
. � � --
� U,S.Do urs),to p d by�iirycr rss fallows:
7 I. D�posit nt sibning ofihis A�rer.�senl: �
8 2. lleposit withln 2 duys af thc E�cecution ll�Uc ofdus A�rc�ment: � 25,Q00.00
� 3. �300,040 00 interest onlv�, $1250,00/mo.for 1„yr $ 300,Q00.80
10 �, RemaLting �al�nce w311 be paid rtt settlemeu�
11 {B) Atl iunds�pAid tty Bttyer,includin�dcposits, will b��uid by�hvtk, cashier's cluck ar wircd funds.All fands pald by�3uycr
1Z Within 30 DAYS o!setttcraen� inctading faads paid ut settlement, wilt bo by cu�h�er's ¢heck or wired fuads,but�ot by per-
13 sonal c�tcl�
1� (G� Ucposits, t�ttrdless of the form o!'prsyment and t��c persan desi�nuied �.s payee, w'tll be p�,id In U.S. Dotlnrs!o Arokcr for SciJer
t5 (u�less otherwisc st�tcd hcrc;De osit wa.11 be aid direatl to the seller �
16 ivha will rciain doposits tn an cscrow Accow�t in can�rmity w� i n Anp cAblc aws ��d �gu uti�n9 until consvnunaUon or tcr-
t7 min�tian of thls Agccmcnt, Only re�l cstate broke�s arc reyu.ireci to hold dcposits in accordance tvith tlic ruies aad regulniians of
t8 the Statc Renl Estate Commisston. Checks tcndered as deposit monics may ba t»id uncasbod pending t3u acccuNon of this
i9 A�mcat� �
20 3. SELt,C•RASSIST(�fApgilcabic)(l-1Q)
2l Seller will pay$ ar "/o of Purchasc C'ricc(0 tf not specificd)to��rd
� l�uyer's costs, as pcm�Jtted by the �►yartgnge lender, if nny. ScUcr is only obtig�ted to ��ry up to d�e amount or pc�ccata�c which is
� Appravc:d by mortg�go lcndcr.
Z4 4. SETTLEIKENT AND POSSFSSION(f�lU)
2S (11} S�t�cmcnt Datc is At recei t of the de osit ,ar bc:forc if�uyer�nd Scllcr a�.
26 {I3) Sttilernent wi!! occur ia thc county wbere c Pm�c�rty s loc�tcc nr fr� rinn r�dj�ccnt caunty, uring twrmaf bosiness baurs. ualcss
27 I3uycr And Selter r�grec othcrwise.
28 (C) At dmn af scttlGment, the following will be pro-rnieci on a daiiy bnsi� betwccn Ruyer und Selicr, teimbursing whcro apptia�blc:
29 cuacnt truces (sev Notieo Regardin� Renl EstAto 7'uxes); renfs; interest an mort��ga �ssumptions; condomiuiwn fees and hame-
30 ' owner assc�ciatian fees; �vater ttndlor sewcr fces, ta�ethc�r with uny othc� lienabtv mur�iei�nl sarvico fi:es. Ali chacges will be pra
31 ruted for the per�od(s)covered. Scilcr will puy ��� to nnd inctudEng chc ciatc af setticment tinnd Auyer��Il'pay for al! days foUow-
32 in�scttlemen�unlcss t�thcrwise stnted licre: �
33
3� (D) Canvcy�nce from Scller will bc by tce simplc decd�!'s�ccJal�varranty unlc:.4s othcnvis�stntui tiere;
35
3G (�} Puy,nent of trAnster taxes«rill bc dlvidcd c:c�ually betwccn Diryer and Sclier unless aU�crwise siated herc::8uyer will ay 2�
37
38 (F) Passession is to bc dclivered by decd,cxistin�kcys nnd physic�l �sse.ssian to �vncnnt P�nperty fcee of debris,�vith nll stxuctures
39 brodm-cic�, et day und time of scttlement, unlcss Seftcr, beforo sisnin�th3s Agi�ecment, has identificd in writing thut thc Aroperty
4a �S Stib�CCt t0 A ICASC.
41 (G) 1f 3cller hns identiiicd in writing tUAt the l'roperty is subJect to p lesur� posscssian is ta be delivcrcci by deecf, cxisting keys swd
42 ussi�nmcnt of exixtiag le�.ses fvr d�c�roperty,Wgeti�cr wit�sccurity cleposfts and intcx�e.st,if aay,et day and time of settJcmc��Sclle��
43 witl not entcr jnto Any new leases, nor exiend exiscing le,�ses, for tho Property without tbo written conscnt of Buyer. Duyer wili
4t �c{:�towlcdgc existin�lease(s}by initiulin�the lcns�(s)nt the executian of this Agre�mr�at, unitss other�visc stated in this Agrecmen�
45 ❑Tenant-4ceapicd Property Addandum(PAR Form TUP)is attnched.
a6 5, DATI�`SrI'DVlE l'S OF Tfi.�ESSG�NC�(i-10)
�7 (tt7 Written acccptnncc of all purtics�vill bcs an or bcfarc:;November 10� 2 Q 11.
4$ (B) 'I'he Sctticmcnt Dntc; and �ll othcr dtitcs �nd timcs idcniified tbr Uic �erformance c�f sir�y obligutiqns af this Agreement are of the
49 c;sscncc und arc binding.
SO (C) '1`1ic Fxccution D�ic;of this Agc.�e:ncuf is the date tvlticn Buyer nnd Scll�r hsve indic.�led full aceepitince of this A�+ccm�tst by sign-
S 1 ing und/or initialing it� For purposrs of thi� Agr�ment, tha aumbCr of days �vlll bo countcd from thc Execadan Dotc, �xcludfng
52 ihu dz�y ttus Agrcement was exceuted und including tbc Ius#day of the time periocl.All ct�anges to th�s A�rcoment should be fni-
53 tiuled und dafcd. �
S�s (D) 'f'he SeWement Duto is nat cxtc��dcd by nny othcr pravision of this A�'cernent and ius�y oniy be a�ctcndcc!by mutuul wrfttcn a�
55 ment oftha p�rtics.
SG (E) G'crtain t�� und time periods uro pr�-printed in this Agrccmcnt t�s a coavcnlcnce to thc Huyer attd Shcer. All prc�pciated t�rms
57 tutd tima periods nre negotisibte artd mny be chunged by sQ4king out the pr�-printCd tcat �nd i�tsertiag dlff'�re.ut jcrn�s ncceptable
SS t�nll ptutics. .
59 G. Z4NTNG(1�10) � ;
b0 l�ailurv Uf ihis Agcctnent to cantAin iltc ra��In� cinsyifuition {except i�� c�ucs whcre d1n properiy {and eueh pt►rccl tticr�;ol; if sabdI- �
6! vidnble} �S xone:d solaly or prim�urily ta permit slu�lc•Cnmity dwollings) tivill r��dcr this Agncement voId�ble at Buyer's option,and, iP �
62 voidcd,ru�y d�poslt�tencicrcc!by the Buycr will bc returncd to tbc Buycr�viU�out runy requirGm�:nt for court Actio�. �
b3 Zonin��IussitTcntian: r�si.denti.al
` I
6q [fuycr L�ilint�f:J / � "'�� A5Ft PAgc 2 nt l 1 Sct[cr In1ttRls: �
�
Rcviscd?/11 i
�
Produoed rvith zipF�xrrr�by zipl�opbc 18070 F�Iloet116lo Road,Frosc�,Fdichigan 48026 �a�x►r.���+Y«� H f scrs Lanc Barb i
i
� M
, 6S 7. F�'I'URF,S AND P�RSCINAI.PRt3PERTY{l�l{�)
d� (A) ]NCL'[JT)�D in this sale arc aU ex,isting items permtutentIy ittstallcd in the Property, &�ec o� liens, �uad athcr itcrus tnciuding
6? plambing heating; radtatar cnvers; tighttng f�.Y#ums (`u�cluding chaz►delicrs and ccitin�fsns}; poal und sp�.cquipment�includ�ng
b� covers and clenning cquipment�; clectric animal fenctn� sy:4t�ms (exeluding c�ltats), garage daar a�caers ttnd trnnsmittcrs; telc�
; G9 visian t�nte�nas, unpatted s��nc�i�ery, pJ�n#ings �nd trc�; a�y rcm�t��g hc�Ling �nnd cc�oking fiYC�s stored c�n thQ Pr�tgerty at #za
70 time of scttleaicnt; smo{►� dct�ctor� sncl catbon maaa�de detectors; svmp putnps; stora�c shcds; fencGS; uu�ilbaxcs; wnll to wall
7! c�rpeting; c�istiztg wintio�v scrc��s, storm wlt�do�vs �d screcntstorn� cioars; wirtdow ct�ver�sg hardwara, shadcs anci bliuds;
� awn�n�s, butlt-in nir conditioners;built:in appt�nnccs;the rtmgs/oven, unless othcrwisc stutcd; �nd, if owvned, waier trcattnent sys-
73 tem,g►PmgAne tanks,satcllrta dishcs ur�d secur3ty systcsns.A1sc�includr.d:A3 IS pnr �nul�i list #
7A '
75 (j3) �fo awin� �tems �u•cc nnt own y Se er. 'outact e pravi vcn or or morc n ormuuon (e.g., wgter trcittment
76 systems,propan�t�nks,ssttcll�ic cEisbes a�d security systcGCxs}:
77 (C} E�XCGUDEI7 fixtures And itccas:
7�3
79 8. MOR GA E C iTVG N'CY(1�X0)
�� � t�VAIVEll. This sale is I�T4T contingcut un mflrtg�c �uancin�, althau�h Buy�r may obt�in mortgag� financ�n� ancttor thc par-
8i tics may inclucic an appruisml contingcncy. ,
82 ❑ �I,ECT�I?.
83 (A) T�us ssile is conting�ent upan Iiuycr obt�Inin�mart�►g�financin,�t�ccording t�r fhe fal3owiri�t�.�mst
84 F[rst Mortga�e an tho Property Second Mortgagc on the Progerty
8S LoanAmount$3pQ�OQO.00 Lotinllmaunt$
�G Mirximvm Tcrrn y�rs MizYimum Tcrm ye�rs
�'7 Type of mart�zt�e In�eres� Only 'I�►pc ofmortg�gc
88 Lonu-To-V�luc(x.,TY)rnrio: Loan To-Vatua(LTN)ratia;
�� I�ar non-F�3ANA laens LTtT ratio nat fo excced 5.Ot}0 °!o For nan-F��.A/V'A Io�ns LTV rnt�o nat to ca�ce�d "!o �
9q Martguge I�ndec Saller �o� 1, yeax Mortgagc lendcr
�t
' 42 Interest rt�tc 5.o00 °o;howcver.Buyer agrees to aece�t tha Interest rute %;ho�c�vevcc,l3ayer�grees to aceept the
93 iutorest ca#a as uzay�e comtr�i##ed by tF�e n�ortgagcs tecctlar,nt�t intcrest r�ta As may ba couxutftted by thc martga�e I�nder,aflt tQ
94 excecd a m�ciniuni interesi•cat�of %. e�cced A maximrun�ntcrest r�te of %,
95 Discouut pttiats, losux ariginntias� aan p acement and other te�s �?iscount paints, loan originntion, oan placemeat und cat,�er #"�es
96 charg,cd by tho lcadar�s u percentage of thc n�ort�agc iaan(eaccluct- ch�c�l by tho tendcr ns a percent��a ai�thu mortgngo Ionu(cxclud-
9T ing unny r�nodgagc insurnnccs premiums or'VA ltcnding fec)nat ta ing uny mortgagc Iansurance�remiwns or VA fundiz��fee) nat to
98 caceced 9�0(U°/a if nat spec'�i`icd}�f ttte morfgag�larm. e�tc�ed °1a(fl°Ja iflt8t s,[�iBCd�Of1hG i214rtgitge lo�ri,
.�......_.
99 (B) Ttz�interest t�te(s) and fec�s) provisioi�s Ia�P�ragraph 8(A� tu'c satisficd if tha mor�t�ugc lcudcr(s) gives I3uycr th�rlght to guaz-
i o0 uutee thc icttcrest rntrxs) �uud fcc{s) ut or bclo�v tlio mit�cimum 1ev�ts statcd. if Icndcr{s��ives Buyct#h�s right to lock�n i6e tntcr-
!Ot cst�utc{s�,$1TyCi�'VtU(�0 Sq Al 1G� !5 days before Sccticmeni Date.�uyer gives SeUcr tho right,ut Sallcr's sofc apaon and
ttt2 ris pen�ni##ecl by lt�tv �nd the morig��,c lender(s}, to contribt�i� futunciA]Iy, withaot prainisc af rcim�ursemet�t, tv i�»Buyer andlor
t03 the martgagc Icnder(s)ta ma}:c 1hc abovc martgAgc term(s)uv�ilable to I3uycr,
I{k# (C} 'Within cittys{7 if not sp�ci�ecl}firom thc:�xcct�tic�n Dat�af#his Agrccmcn#, 33uycr witl make�cort�ptctcd,writt� mact�
1os �gc app[icatian (including ��.yincnt far t�nd orJcring of nppmis�l and crcdit reports withour dolay, ut the t�mc required by
20b leod�Ks}} far th� m�rt�c ierms und ca �t� mort�� tendcr(s} identz�cd iu Pnz�agr�ph $(A}, if smy, othcr��isc to a responsiblo
tq7 mortgt�ga IGndcr(s) of Buycr's chotca. B�okcr fi�r Buyer, If any, otherwfse Broker for Seller, i� uuthorized ta cammn�ica#c with
IQ� tl�c moriga�leader(s}to�ssist in thc mort�m�,c Ic�n presaess.
109 (�� .�uyer wlll be in d+¢f�ult o[ th#s Agreerrsent if Buycr furn#ahe� Fatso inform�tian #a aiayone canec�rntn� Bu�►�r's f�ngaclal
110 a:zdloc smproymcut status, fails to coopernt� In �and faitG witli pruceBStag fhe morigage loan �ppiic�tion (including del�uy
111 aC#he n��raisa[}� !'�lts ta iock in In#erest raf�{s}as s#x#gd in 1'art�gra�rh�(S�,or othet•wise cstusCS #h�l�ader tc�raject,r�fuse
1 f2 ta ap�rvvo ar issua u raortgaga Mvat�commit�nettt�
113 �} 1. Mor#g��o Commiht�eat I�ttfe: .Ugon rcr.�iving u mortgage cammitmc�t�I3uyet will i
114 promptly deliver a copy oft}yc:cammibnent to Selicr.
�iS 2. If��ller daes not reccive �copy of tbe mo.rt�apc cotnmianent{s} l�y il�o Martg�ngc Cvmmltm�ut Daie, S�lte�may tem�inuto �
I16 t�.is Agroement by writtc� natic�to Buycr, Scfter's right to f�rminate coniinu$s until Buycr delivcrs a�nortgsge eomEnitment
317 to SelIer.Unti!Selter te�minaies this Agceem�n#,Buyor is ob11�At�d to malcc�gocxl-litith ef�ort ta abta�n morl�ga finnncing.
t t8 3. Se11er mRy tercninatc tfus A�rccmcnt by writtc�noti�ec ta Bz�ycr afler tltc Mart�e Cvmmitmc�t Data if thc mort�e eommitrn�n�
t 19 tt. Dacs not satisfy thc tcmas of Parngruph$(A),O�2
!20 b. Cant�ins�ny co�diiian not;�pecifierl in t12is A�rcaxucut�g.g.s thc Bay�r must settic vn an�thcr property, tu��ppr�sal�rtast
121 bc rc�civcd by tho leadCr,ar the mortgnge commitrneni is not valid thmug,h tha ScttCament Data)thut is aot sakisf�ed and/or
122 removect 3n wt�tin�by thc moriga�e tcnc�cr(s}ws'tlii� 'T Dt1YS uftcr t2�a Zviortga��Gamcnitmer�t I�ate in I'uc�agrny�h
123 8(G)(1), or any cxt�nslan thcrCOf, other tfiur� ihose conditions th�t t�rc custom�rity sAtfst3cd ut or ncar setticmcnt (c.g.,�
124 c�6tuining iusurr�nncc,confirming cinployuzent}.
iZS q�. If�iis Agrecrncnt �s terminatcd pursuunt ta�'�rngrnpt�s 8(B)(2� or(3}, or t���mort�age loun{s) is not c�btaiiicd for settlemen#,
126 aU de�osit mor�ies will bo rctumai to Buycr mccord3ng ta th�ter�ns af P��gh 23 and this Ag�emcnt wiU be VO�ri,Buycr
t27 �vitl b� ncs�onseb(v �or s�y costs incwrcd by�uycr fc�r�ny inspcct�ot�s or certif�astions abtaincd ac�ordin� to t3sa tcrn�s af
12� ihis A�,r�cm�nt, and aay costs It�cum�d by Buycr far: (1)'I�tI�scarcb, titic insuranca�ndJor rncchanics' lien t�surancc, or mny
129 fea for ca�c$II�tlon; {2)F*�ood 3ns�rranc�, � insuran�c, h€�z'tl insur�ucc, mic�o snbsldcncc� insurancc� or any fee f c�mcel-
130 ti ; }Apprnisal fces and chargc:s na�d in ndvnnca to mort�aga tend�r(s). �
13I Baycr rnlf . 1�;�L,�� A�R Pagc 3 a!'11 Srltcr Initis st I
Revisr�d 7/I1
Pradubvd+�rtlh�pFacm�►by xip3.aqi�c 1NbT��Re�n htlta Rcad,Frasor,M'tChl9un+i802t3 Y�t��cs� i�z.c�tt '�-� cra±i r Rs�R Rntft �
i
i
i
, l32 (� If the wort�age lendcr(s)� or a property �tud cASUalty ins�ucc nrovicting insurnnc� ra�uiced by the morigu�c lcAdcr�s), rrqujres
133 EepuIrs to the Property,Buyer will,apon receiving the requiremcnts,delivcr n copy of thc�ru�utrcmena to Seller.Within S
13d UAYS of recciving the copy oF the requin.�ments, Setler will natify Duyc:r wl�ethcr S�ilec wlll maka thc requircd repairs at ScUec's
1�5 cxpcnsc.
13G 1. Lf Seltcc m�;cs thc requin•d regairs to thc satisfacrioa of tbe morl�age lenci�r ancVo� insucer� Buycr accapts tha Property And
��7 ugt�ces to thc RELEASY�ln Pu�graph 2S afthis Agc�.'cnen�
138 2. if S�11er�vill n�t mul:c tl�c n:quircd repairs,ar if Selter f$ils ta respoad within tho statQd time,Buyer will,wilttiin S
139 DAYS,notify Seller of t3uycr's choicc ta;
. ��� �. Make tf�e repAits/improve�ncnis at I�uyer's Qx�ensc, wiU� permission nnd acces� to the Pmperty �ivcn by Scller, which
141 wt1E not be unrcxssont�bly withhetd,01t
1 Az b. Tcnni�iabe this A�rcecu�nt by writteu nottce!o Seiler, wi[h�l! depasfit monie,s rctuated ta Buycr accorciing to tho temns af
143 Psuyt�raph 23 oftl�Is Agc�ee�men�
14� IJ Buyer fuE1s to respond wift�in tl�a t�m�stnted In Parngraph S(F1(Z}or fails to tcrmiaatv this A�reement by written noltcc
145 to Sa[ler within thAt ttn��,Buycr wiU uccagt tt�c Property und�grco to thc 1tELL�ASE ia Pura�aph 25 of ihis A�re�meat.
14G 1�I�A/VA,IN APPY.YCA�3Y,,�
147 (G) It is c�►pressly egreed thtit notwithstandin�cany otl�ec Provision�of this caatrnct,Buyer wilt aot be obltgatcd to complete thu pur-
ta8 chase af the Property dcscribed here(n or to incur any pcnatty by forfcltnrc of earncst money dcpo�its or oth�rwisc unlcss Buyer
149 hns bccn givcn, in accorci�ncc with HiTt)/CHA or VA r�quircmcnts, a wr3tten statcmcnt by thc Fcder�t Houstng Commissfoner,
15o Vctcrnns Administratioa, ar a Dircct Endorscmcnt Lcnder sctting forth thc a�pp�iscd vuiue of thc Proper�y of not less than
151 s {tho Purchuse I'rice as statexl in this Agrccment).IIq}rct will have tbo privile�v and option of
152 proccccl�ng with c�nsam�n�t{an of tha contract w;thout rcgard to iho t�moucrt of the ��Irn+iscci valuation.Tha nppralsed v�lustion
I53 is turivcd �1 to dctermlac Qic maximum mart�ugc Uie Departme:nt of I-�ousin�; and Urban Dcvelopmcnt wilt insure. H�tJD doc.s
ISd not wt+nurit tf�e value nor ttie concti6oa of ttie 1'roperty. Baycr shauld satisfy himsatf/hersclf ihat tha price und condition of the
I55 Prqperty nn;acccptubtc.
I Sl► Wurning: Sectioa 1010 af Til1G 18, U.S.C., DepriKment of Ftousin� and Urban Development and Federal klousin�
I57 Adm.inistru�on Transs�ctians, providcs, "Whoovc;r for the purposo of, . . inilucncing In t�ny wuy tha acKon �f such D�pnrimcnt,
t 58 m�kcs, �asses� utters or publi�hes c��y statemcnt, k�iawing thc s�ma to be f�lse shall bcs f�ne� ur�der this tit[e or impcIsoneci not
159 mor�tuan twa ye�us,or botfi,"
16Q (� U.S. Dopartment of �Tousing und Urban Davelopment {HUD) NOTIC`� TO P�tCHASERS: Buycr's Acknowfedgcmcnt
i�1 ❑ Buyer bas m,cc�vcd �c H[JD Nofice `Tor Yaur Pmtation: Get a Homa Iaspcct3on" Buycr undcrstuads•thc impartaace of
tb2 gctting au indcpcndciit homc inspection w�d }�ns thought utiout thls beforo signing ihis Agrectnen� $ttyer undcrstand� thnt
t b3 I�HA wiil not perform a homc inspcdian noc guanuitec thc price or cond�Non of the Property.
164 (n Certifia�tiva Wc the undcrsign�d, Selicr(s) aad RuyeKs) purty to tl�is transf+ctian cu�ly cc�rtify thai thc tcrn�s of tlus contrnct
165 for purcbusa�ro truo ta th� bcs�t of our knowlcci�,c gud bolic� and that nny oth+,�r agrceri�cnt cntercd inta by nny of thesa parHc.�s
166 tn cann�tioa witii i1�ls trat�a�ction is aiinch�f lo tliis Agrcement.
f67 9. CHANG�:TN 13LJYEYt'3 RINANCxA.L$TATUS(3-11)
168 Tn the c�crtt af a changa in 13uyer's fic�nci�l st�tus af�ect�n$ Buycr'� obilily to pttrchasc. I3uyer shall promptly noiiFy Sc1i�r and
169 lcndcr(s) ta wbom the Buyer suhmitted mort�agc �p�lics►tion, if ai�y, A chunge in fuzuneiul stntus includcs, but is not Iimlted to, ioss
170 or a chzu�go in �mpioymcnt; fnilurc ar loss af snlo of Buyer's hamc; IIuycr's having incurrcd a ncw financlai abtisation; entry of�
17t judgmcnt ts�ttinsi Huyc�. Buyer undcrstaacls thnt ap{ilying iar Ac�dbr incarriRg un additional tinAnclal O�I�af�Bp may al7cct
17z Buyer's ability to hurcbusc.
, 173 10.SELLER REPRFSENI'ATYONS(1-10)
174 (A) Radon'I'esting nttd Rcmediution (Sec Nottcc Itc�rding Rndon)
175 Selter has�o knowled�a ubout the prescncc:or s�bxcnvc af radon unlcss checked below:
i 76 ❑ 1. Seller has �owteclse that the I�roperty was tested on the dnias aad by the m�thods {a.�. ch�r�v�l c;�nisler� atph� trnck,
t77 ctc.�wtucb producca thc resulc�indicn�eci�c�o�v:
l78 Datc 'I�C of Tc.st Resuits(plcaCarIas/litcr ar ivorkin�levcls) Namo nf Tc�sting Service
t7h ,
��� I
18l ❑ 2. Seticr t�as}��n�vlcdse U�a�the Pmperty had radon removul systen�(s)installed as indlcuted bclow:
1 A2 Unic Tnstalled Typa of Systcm Pravidcr
�s3
rsa
1�9 Capies of piI avuilablo test rv�orfs wi11 bo dclfvered to Buye�witb this Agreemcnt. Sc11er does pnt wnrrnnt ibe t�ctb-
186 ods or tbe resulta of rndon tests.
i S7 (Z3) Status oF Wuter
1�8 Sollur reprascnis thAt tho Prop�rly is sc:rved by: �
1 K9 ❑ PuUlic Wutcr ❑ Camrnunity ti�J�ie� � On-sitc Water [] Nanc ❑
i�)0 (C) StutusafSower
1�i Scllcr r�presc.�nts thut thc Praperty is scrved by:
t9z (] Public Sewcr ❑ Communiiy Secv�g+:Dispos�l Systc;m [] Ten-Acrc:Permit Exemption(scc Sewt�ge Nodca 2)
1 y3 (� Inclividual On-lot Sewagc Disposal Systcm(scc Sewagc Noticc 1) •❑ Hofding 1'tun):(sce Sc�vagc Noticc:3) ;
194 ❑ lndividual On-lot Sewa�v D�s�os�l System in 1'mximity to�Yell(s�e ScwageNotice 1;sce Sew�alloticc�,if npplicable) '
l95 ❑ None(see S�wage Notie;a 1) ❑ Nana Avnilubic/f'crn�it l.imitnt{ans in rffect(see Sewu�;a Notice�
,
l9G ❑ i
1�7 IZuyer Init�a /� A57t i'a�c 4 af 11 ScUc�Ynitial : I
Revised 7/11 j
f�o�+�.�d w's�h zipFwrr+O bY�cifrl.ovtx 18070 FiReon Mr7a Raad.Frasw.MtchtQan�aazs �r.z+�2.� E�icisas Lauo BnrU �
v
I
(
�
� -
,i48 (D} �istaric Prrservatior�
199 Seller is�tot riwvara of t�i.storic pres�r�+uliap r�l�ridions regar�din�the Pmperty untcss athcnvise str�t�ed hcre;
20Q
2ot (L'} ❑ A�apctty`,ar a portiaa of f�, is prefcronliulfy t�ssscssui for ttuc purposcs undar tbe following Act{s)(scc Naticcs Rcg�rding Ltu�d
2�� Usc Rc�#.rictiat�s}:
2A3 [� rArmland�nd Forest I.,au�d Ass�ssincnt Act(Claw and Grccn�'rogrum;Act 319��197�;72 P.S.§5�90.1 ct sc�.)
2A�4 ❑ flp�n�p�c�o Act(Act�#2 0�`l�b7:32 P.S.§5{}01 ct seq.}
2qS (] A�ricultw�al.�Secctrity L�w(Act�3 aP 1981;3 p.S.§9Q t�t sec�.)
' 2t�6 ❑ O#hiK
207 (� Setier represents tUat, as of kt�e datc S�itcr s�gned tius Agec�ncnt; no �aubtic in�pcavement, condominium ar liamcowncr �socia-
20� tion �.escssmcnts have br.cn m�de �gnlnst tttc F'mperty wh�ch reu�ztia un�nicl, iwd t�hat na nat3ce by swy govcrnwcat ar public
��3 nrxt�sority hr�c bccn served upan Scllcr a� anyan� vn Sel�er's bchal� �nciucling notl+ccs rci�.ing to vIo}ations of zaning, housi��,
2l0 buiJdin�;, safcty or fsre ordinunccs th�t rcmaiu tmcorrc.�tcd, �nd th�t Sellc.►r knows af no condit�an Iltat wauld canxtituta a v3ola-
21 l tion of r�ny such ore3in�n�tb�t r�emaiu tr�correctcd,untcss othcnvise�pc�t�ccl ttc�:
2l2
22� (�) Sc1lt7 knUivs of na otlier potenti�l trot[cc.�{incl��ding viol�tians)�ndlor assc�smcnts c�cccpt�.s failo�vs:
x�a
�1S {II} Acc�ss to�pubtxc ro<�d mmy requirc�ssu�ricc+af� nv�y vccu�AUCy p�rniit frum thc:llep�hnent o 'Tz�ansportE►izoa.
2rG 11.WAT'VER OI+'CbNTI1�I�ENCIES(9-0S}
2t7 If th�s Agrccment Ls co�ti�gen# an Buycr's ri�ht to �nspcct auc!!or rcpair tbo Pru�arty, or to verifp insurnbtlity,enviranmenkal
2t� candt�ions, boundarl�s, cerfiticutians, �outn� classii"rc�tiva or us�, ar any other Infarmattan regard�n� fihc Propert�*, Buyer'a
3l9 failur�a to cxorcisc any of Buycr'g o��i�na wttt�in tho #imes set forth la this A�rccm�nt is a WAIY�It �f ti��t contin�cncy and
22� Br�yer acccpts th�Property anci�gr�fo ttio R��,�ASF bn P�rs�rnph•25 of t�t�A�recmenk
221 1�.X1VS�'�CI'iC1NS(1-10)(Scel�Tottces Reg�urd�nb T'roperly and Enviromncnt�al Tnspcctians)
222 (A� �tl�hfs an�!Responsil�il�tie.�
323 1. ScUcr will pnavido access t� insurcrs' r�resents�i.vcs anci,as rnay ba�u:t�+cd by this Ag�+ccmcnt ar by mact,�gc I�nder(s�, ta
224 survey�rs,mun�cipal oi�icials,�A�t�tis�ts sutd�z�s�r�t�rs,A.lI garti�s�nd thc�r s�cstaie lic.�nsc�e{s�may aitend�ny inspcctions.
22s 2 F3aycr tmiy makc a prc:-sctttaucnt wulk-thmugh iaspc.ct�ian oP tE�c Proper#y. IInycr's ri�t ta this inspcction is not waived by
226 nny oitzGr provtsic�n oPt�tls A�cmcn�.
22'� . �. Svllec wiii h�ve heafing and att ntilittc�(including t'uat(s)}an#'�r Atl inspcctionsla�SpraisaIs. - +
228 A. Afl Inspectars„inciuciia�h�,�ue ias�cxtors,u�autharized by Buytr to prav#cic�c�py afany inspc�ction R�cpart to Rmkec Pac Buy�r.
z29 S, Seilcr hr�fhe ri�l�t,upon rcc�ucst,C�rcceivc a i'r�copy afnny'tnspcc�an Rcp�rt from thc party for whom it was prcpAr�.
230 (B) L3uyar tivaivcs nr cle�cts pt Duycr's cxpcnsc to li�vc thc fallawing Yns�ectic,ns, certit3cations, �nnd investi�tions (rofe�med to as
23t "I�is��ciian*' or "Tnspceti�ns"} p�cforrt�cc� by praf�sslansil c.�ntractc�rs, hom� ins�act�rrs, �ugir�eers, ar�hitects �nd othcr proparty
232 licenscd or ot�ern�ise qualified profcssio�als, If the sarne in,spcctar is inspcetir�g more thatt aac syste*m, Wo iuspcctor must com-
233 pty wittt th�Hamc�I»spcc#ian I..��w,{Sec Nc�t�cc Ra��rding thc Hc�mc I�:�x:ctft�n Guw)
23�4 (C} rar clt.�tec!Ittspect3an(s�,Buyer�vitl, wlth{n the Contingcncy�'eriad{s}stutccl it�Parngraph 13(A)�comptate lnspe�3ons,o6taln aay
235 Inspcct�on I�.cgcuts t�r resatts tc+�f'ctrcd ta ns"Rcpart"or"�tcpcarts„},snti accc�t tlic Properiyi�el�tlti�talt:�11�s A�c.`iri�'Itj ol"subtxiii a
2"i6 Wriiten Co�vv Propqsnl(s)to SoAcr,nccor�ciing ta tlia tecros afParagrnph 13(i3).
237 1`i'omclPcoperty Iaspections aad Environmcntal�lazards(matd,ct�.�
238 �Icctect I3uycr may�rnduct ar�inspecttoa o�'tt�e£'ropsrty's struc,tt�c� compvact�ts; roa�; ext�rtor wlndows snd c7tterio�r
ct
239 /�c�oors;cxterior s�ding,Extcrior ictsulncion und Finish Systcu�f�scia,�uticrs and dawnspouts;swim�rting panls.i�ot /���
24� tubs unct spns;�pptiuncrs;clectrics�4ysfiems;ititr�iar�nd�or�1umb3n���ublie scwcr systc�;i�c�tln�and c.�o1� 'b�-
24l Ing sysiems; weter pcnctr�tion; elcctronwgnetic �elds; �vctiands and itooci plain dclinc�kIan; siructuro squurc
242 foota�c;mold�uud oth�r env�ronmcntu}tts�srds{$.g.,fungi,�ndovr air c�wt�ity,asbcstos,undetgrot�nd stc�rngc t�nk�
243 ete.);and tuty qther items Ruyct'moy scic,c�If 8uycr eteci�to lauva�hama Inspcction o�the Fraperty,as dei5ncci in
2M� tt►e I-�ocue�nspeci�on�.aw,thQ��nzn�fns�cction must bc�crf4rmecf by��tfk.l mem6er in goo�l standir�g of n n�tlgttiut
��s� hnmo tas�ection as.coclatiqn,or�perspn sttpc;rviscci by a ttiil mcmbcr af a txatt�nni tiom��ns�aection�ssociation,ia
2�6 nccc�rdancc w�th�hc cthic�!sinnc�r�rc�s and codo of aQaducE or practic:cs of tl�t association,or by a prop�rly llcec�sed
2�i7 u�rcgistcrcd cngInccr or qrcttitec't.{Sr.�t Noticccz Re�trdtng the�Tpm�Ir�s�sectian I.acv}
24R '�'Vood Iufestxttlpa
249 �tcctcti I3u3�e�mAy obtsin t�written"t�'n�d-F�cstroyi��Tns�ct Infes�tttian Ins��t€an Re�ort"fmm an inspcc#ar ceriiGcd�ns �ved
z54 / q woocl-dcstro�In�,�csts pr.stiefdc nppllcutor and w%Tl detiver iC tutd ttl.l suppartin�dacumtnts t+rid dt'�win�Provi J
�St cd t�y tbc iflspecxnr to Seller.�I'�2C RC�OTI�S#0�}C Tx3A{�C St21tS�AGftt7�+�O tftit�iT!COIIIp�IHnCB VYi1�1 8}�pIlC��C IitWB,�ioti- . ��jLf' ,
2S2 �a�c leudcr rpquim�tients,andlar F�cdcral Inswing and Civarnnt�cein�Agcncy rcquiremcnt�.T#�e Insptction is to ba d`
2S3 1�mi#cd#o�11�adily-visiblc�ncl ncce�ibie�tz+eas of�il structures on thc f'rc�gerty,�ccegt fcnc�s.1`F the Inspeciian
254 n;veals activc infesiatiou(s),Buycr,�t Buycr's L�xpens�n�$y abincn�Proposal fram a�vood-dcstroyin8 A+�g t�
25S ticidc uppticator to tre�t tt�e Prapc,�rty.If ttie'inspectfon rcvt;�ls d�ma�o froit�activc or prevfous iufcst�Gcu�(s),�3uy�r
25b may obtain a wrlttea Repart fron���rrafcssionnl cantructar�l�om�fnspc.�ctar vr stntci�englnccr thu#�s lfm�tcd to
257 structurnl damog,c to tlie Pr�a�etty ctiuscd by wood-cicstroyin�ocganism.g�nd a Pro�c�sal to repmir the 1'roperty.
2S� Wnter Servieo
zS9 �tectal 13uycr muy obtain art Tn.spection af tbc qunlity�nd qurintiry of tb�w�t�r systcm i�om�praperly ticcn,ficd or at�crwise `vcd
2G0 l qut�lified�vatcrlw�l�testing comps�cty.�#'und as rc�uircd by tl�c inspcctlo€�camp�ny,S�Ilcr,at Scllcr's cx�cns�,� !
26] 1oc.t�to anc�provid�aCccss to thn an•sita(or indiviciu�al)wt�ter syst�:m. Selter wil!rr;stora the P'ronerty to its provious� �j
2�2 candition,at Setler's r�ensc,prlt�r t�settlesuci�t ,/O[_
� i
i
� 263 I3uycr Iai G ' t,���=.� A.SR�agc 5 of 11 Sclter Tntti� s �
Re��tscd 7/I 1
Proc�uceci witt�z3pFarn�by xlplo0hc Y8�T0 i�tteon tXrlo Rc�d.�raser.tuliCtilqon dp026 ritf�lGZ[RLf�#� H �CCS I.aitC Hsr{� �
I
�
i
i
�
. r
2G4 Radon
' 265 Elcctctt Buycr mny abtuin � radau t�t uf th� Prpperty from � certificd ins�ectar. 'Ib�U.S. �nvironmerttat Prntecti�C����'�-uiv�
2GG ! Agency (EPA)t�dv9ses cotrectiva u�tion if tt�e�vera�c�nuuz�t cuposurc to t�ndon Is ec}us] to or�i�ticr ihan 0. / �
267 workin�Icvets or 4 picoC:uriesllitcr(4pCiJL).
�6g Utt-lot Sewag+e{If ApplirabEe)
26� E[ecf�d Buyer m�y obtuin a� Inspcctic�n af!ho indiv3duat an-lat sew�rgc�d�sposal system fram �qctat�i�ect,�mfe�sion �ive
e�
270 / itxspectar.Tf�nd as rcquired by!hc inspcctian campnny,Scller,nt Sclter's��tper�se„wili locsitc,providc�cccss ! C�
�71 and empty�ttc�icidivIdua.l on-lot scwa�c d�sposai system.SelEer will restvre tlxc Ptopecty to�ts prcvi�tts con�iition,
27� �#ScUcr's cxpcnse,prior ta sctticmcat. Scc pnrn�ph 1�(C)f�ar moro info�on re�suding th�Iudividual On-lat
Z73 S�wage Inspeciion Contingc�cy.
274 �'ropecty I�t�rance
275 Elcctcd I3r�yer rnay determi�ne ihe inst�s�billiy oPl�ie PmP�Y�Y�����P�t�t�n foX prc�p�riy txnd casuatty insura�ca f aiv
2"�G / the Property to tt resrionsfibia insurer.Brokcr for Huycr,if any,otbcnv�sc Brakcr for S�tier,may camnnunit�#c ' 1���
z77 thc insur�.*r to r�ssslst in tha insurnnc;o prt�cess.Tf tlio Fraperiy is locatacl in a fload plain,�3uycr may t�rcqczirod t
278 carry fload insw�ncc at Buycr's c�tpcns�,wbtch may nced to tsc ordercci i4 dr�ys or mora pr�or to Scttlt�n�t Dat�
27'9 I'roperty Bouadartcs
28t} Etecfed Ruycc may cng�the s�z�vlccs of a surveyar,titl�abscrnctur,+ar othcr qur�ificd professional fo ussess#lic lcgul v�s�3,
. 281 / dcscripcioa,ccrtaink�t►nd lacation af baundarics s�x�cUor qunntum of l�tnd.Nttist Salicrs h�v�n�t had thc Prorpert /(,;�.!�
2�x survc�ycd�s it�s nc�t a rc�ctinement ctf propctty tiansfer in Peunsytvaui�,t�uy f�nc�s,3��ge:�,wutls t�nd achcr na��u�al
' 283 or canst:ttctcd b�cricrs mt�y ar may nat represeict the true boundary lines of the Fmperty,Any numericat represcn�-
2s4 t�tions of sizc�of praperty sre approximatians anly arid m�y bc inaccur�ktc.
285 Deeds,Resh•ictians and Zoning
286 �lec#.�� 13uycc may investigt�tc c�semcnts,decd and use res�rictians(iaclpding any historlc�reservutio�r�estriatio�s ar ordl- iv ��
z�7 / ��nees�that apply to the Property and r�vicw toca]zonin�ord}rtnnax.T3uyar may verif�#��zi the present vsc af ihc !��?.�„�
288 Pragenly (suck� es In-law qa�rt�cs, aptutsn�nts, hamo af�ico, day car'c} is permitted und c��ay clect to w�lce th�
28� A�ement cantingcnt�tpo��su�ticigtttect us�.Present use:
29A Lcnd-�3�ased Paint Ht�xxurcis(For Pra�erties nriur to 1978 anty)
. �3t �loctcd i��fore Ruycr is at�2igatcd to purch�sc a resfciCntial chvell�ng bu€It prior to T9'J8,�t�ycr has thc�option to conduct a afvc �,
2�2 ! risk assessnt+c�►t AnrUar inspectlon of Ih�Pmperty far tho prescncc of lc�d-bas�ci paint wacUor lc�d-bascd p�int h /,�
2}3 �rds u�lcss Buyer wttiv�that r�gt��.It+�a�tltess af whetbcr thts Inspectfon #s el�+eted or walivQd,fihc�trsidcatial
,,,294 ,'�d-��sod �aint�rd Re�uction.Ac#requtres a Selter,of p�roperi� built pr3or to I97S to provide tho
x�5 _ Buyer w�th�n E�`A-approvecl la�zcl t�az�rds i�formattun p�tnnt�l�t tit��d krot�ect Yoar F�mily from Y�ead�n
29G Xaur 8arnr,alang witb�u ssgarat��`arm,�tfact�cct to#bis Agrecment,d�scta��ng Setter*s kno�vtedga of i�adM
29?' based pa#cet ha�ards and any lend-based pnint racardg regarding tb� Praperty. (Sea TVotic�r ltegarding
298 Rcsidontial L��-Bused Paint H�rd IZeduct�an Act)
293 C►thar . .
- 30� �I�cted �tv���
3p1 / �
' 302
303 Th�I��spcctions e ectc n ave o nat npp y to C fOI OW t]�,�XIS Cl�►COR 1it0AS tUl or items:
3{}4
3A5
306 �t . 1VS'EC'i'! N UIVT GEI�fCY(1-14)
3tt7 (1�} '1'frc:Cac►tfn�eney I'er�ad is days{�{}3f nat spcciiied)fmm the Excc�r�on Date�f this Agz�cmcnE�'or cach Ins�ectit�n elcct-
30A ed ia�'ntrnrngr��h 12(C),exccpt the fa[lo�ving:
; 3A9 Tnspeckion{s) Cont�irygency Pc��rlad
314 Propertv is sold AS IS ��'YS
31 l 8u��r has visited ths pro�srty„sevaral tiYaea de�ys
312 d�Y�
3 t3 d�►ys
31�3 ($} L�xce�t as statcd in Par�t�ph i3(C, cf thc result of any Inspee#lon eiccted in Ptu�,gra�h 12(C) is unsatisfactory to Buyar, Biryer
3�5 wii1,withlu the stsx#ecl Condagaucy Peri�d: i
31� 1. Aeeegt thC Pmperty with I:he informatian st�teci�n the Rcport(s}�n�agz�cs tct the R�LEAS�in P�rag�ph 25 t�f tlxis Agcecment,t3ft �
3l7 2. Termin�tc thts A�reement tsy writt�n noticc to Solter, �vith ull dcposit mon{c� reiurned to B�ycr accarding ta thes tcrms of
3l 8 Psuzigrttph 23 oFthis Agrecment,t3R
31�I 3. Present the Report��)ta Scllcr with a VNrttteu Correctivo prop�►sui("proposal")ltsiing enrrcctions and/or credits dcsircd by liayer.
320 Tf��Prc��osa!ms�y,but�S oot rcc�uixed to,icictud�thc�amc�s�of��rrc�perty lice�.sed c�r qualified profcssionsst(s}tt>perfotm thc car-
321 rectior�s rcquested ia thc Proposal,pr�avisions for payment, including retcst�s, and a pro,jeetcxi dnte for eamplatian a�We correc-
322 tinns.Buycr r�,rc�s tt�nt Scltcr wI[l not be txctd Ei�ble for cnrcect�ans thut cta aat camply with mori�g$ tendcr or gav�ernmentrel
323 ret�ulrements ifperfc�rrned�n tt workmtuelikc munuec�ccortling to tlzo terms ofBuyer's Proposa�.
32a a. iJo latcr tbun d�ys{S if not sp�cifiai}from th�end of kh�Cantingancy Pcriod(s�,5eti�r wlll infornn Buyer iu writ�
325 in,�tl��i ScUcr wilt:
326 (1} Satisfy�il the terms afBuyer's Prapasal(s),OR
327 {2j Nat sntisfy�#1 t��c�t�m�s gf Buyer's Praposs�il(s�,�R
328 b. If ScUcr �grc.c� to sadsfj+ the tcrms of Buyer's ProPos�l, Buycr accepts fhc Property �nd ��ncas to tbv 2t�G�AS� in
329 Parn�gh 25 of#�xis A�.reemcn� �
33Q Wilhin d�y�(2 if nat spc�tficd)of th�receipt oFwrittcn rzQti:�c�►tion that Se€1er«ill not s�ti�y uli t uper's
33� Bt�ycr Tnt#I • ��%�',�,,' ASR Pa�a 6 af 1� Se11er taiti : 1
Rcvistd 7/1]
P�aduoed u�tth a3�o�by 71pCopiz t�l7t}Ftitean MHa Ra�d,Ftas�t Nt�t+�}ert 48Q26 vrhnv.�lc�aatz eam lSCis I.ilttC$nt#I
I
l
i
;
�
�
. �
. , 332 Proposat, or th� tint� sEatctt in p�ra�p1� I�(HX3}��t) if Seticr fails tp cl�4�ssc citlier vpti4n in writin�, whichavcr accur�
333 first,Buycr tivili:
�3� (1� Accc�t the Prap�rty with tb� lnformatic�n stn�ted in the Re�art(s�tuid�,�r�to tho RELEASE in Pa�a�,ra.ph 25 of ihis
��� Ag�ecmcnt,OR
336 (2� Termi�t�tc this A�rc:et�c�ti by�vriticrt nuf3c�to Sellcr,wich ulI dcpnsii�noni�r�turnc�!to Bt�yer accc:rdin�ta thc t�rrctts
��7 of Parn�rnp�23 of ilifs Abmecmcnt,dR
338 {3} Enter inta a mutual[y acc��tablc writtcn agreement with Suller, gravitiltt� for any repttirs or imgmvemer�t� to t}�c
33s Property turcUar tuty cr�dit iQ Buy�r�t Settteme�t,as ucceptabl�t�thc n�qct�a�c lenderf IFa�ty.
��4 If Bnyer fmils to respouci �vithfn the timo stuted in P�ragrnph 13(!3}{3}(c) or talis t4 tCt'Il1�1lA�C �1�.1t A�,'C�Ctt1CRt �y
3�3t written not3c� ta Sciicr wittiin that tim�,13uyer wiil accept th�s Praperty and agrea to the RE�.EASE iu Par�graph
�a2 25 of this Agrecmon�
343 {C} �f�Report�ve€�1s thc ncc.�ti tc�ratpand ar rcpluco the exisE3�tg#ndivldua��u-tot scwt��c c�i.��s�l syster�,Scl3cr may,wittc�n
3�4 dxya(25 if not spec�fiui)of rccc;Fvin�tf1C RePorf,subx�tit a Propo:;al to�ttyer.'The T'mpasu)wiU Includ�,but not bo limited to,thc
345 namc of tti� compeny to �erForm the cx��ansian or rcp�acem�n�.pr�visions f�r p���►r�zcz�t, i�cluding retcsts; anc! a projaetc�i com-
3�i6 pledon datc for carrectivc meustarv�.'Witt�in ,��, DA'Y�of i�cetving Sellcr's i�ra�asal,or t#'no Pr�►posal ts pravided witbla the
347 stated timc,B�ryer will notil�►Setl�r,ln writtng of T�uyer's choice to:
3�8 1. A�ree trt�the tet�t�s ofthe Propasa�t,�cccpi ih�Property swd�ta ttea FtEI.�ASE 3n Perngraph ZS ofthEs A�reanenk 4R
349 2, T��t�this Ag�cn�cr�t by writtca riotice to Seller, with r�ll dc��asit rnonlcs r�lurncd to Buycr According to the tcrms af
35a Parag�ph 23 oftl�ls Agrccrnan�,OK '
3S1 3. Accept the Property and tbo existing system tuid agree ta the I�L�ASL� in Para�,►raph 23 of this Agexm�ant, Yf`rcquircd by any
352 mart�e lendcr undfar r�y�overnmc�tul uuthor�ty,Buycr will cc}rncct thc�dcfccts bcfore sett�cmcr�t ar wit�t�e tims rcq�xirecl
3S3 by tha mattguge Icader and/ar�;avcrnmcnis�i�utharity,at Buycr's sola expc�sc,witf��nisstqn and acccss tp thc Proptrty gtvcn
3S4 by Scllcr,wh��h m�y t�c�t bt�unr�ast�nably withhcld.If 9cl�cr dcnics Suyct permission an�il�r aa�ss#o cc�mct ti�a dcf�c�a,Buycr
355 rz�ay,�vithin 5 DAYS of SelCcc's deul�t,tem�Inatc ttYis Agn�emccit by written noticv tn Sctler,wiih ati dcposit monics catarned
356 to Iiuyer accar�g ic�tf��tcrms c�PP�',,ra�h�3 oft#�is Agrecuie�t,
3S? If Buyer falls to respond w�tt�in the timc s��ter3 jn Parmgruph 13(Cj or f�iis to tarminato tttis Agreement b�writ#en aotice
3S8 #o Selicr witfitn th�t timc,Buyo�wiC!a�cc�t#.bc�'ro�erty und agree to fho REL.EASE in r�ra�pb 2S of tlyis Agrccmcnk
3S9 1�l.NOTrCFS,ASSFSSl4iENTS AND tKi3t�tSCiPA�i,�QCTIREMENTS{I-l�}
360 (A) Tn th� cvcnt sny n�itc:es, Including violalians, uncUor r�cssmcnts arc rcccfvcd uft�r Setler hns slgn�d tUis A�re�n�cnt And bcfon:
3G1 s�tilement,Sellcr will�vitliin 5 I'3AYS of recctv�ng thc notices ancil�r ussess�;ents pravic�e�c�py ofthc�a#ccs andJor�sess-
�b2 mcnts to Huycr�►nd will nolify f3uycr in tivriling t��at Scilcr will: �
363 1. Fully comgiy witfa tE�� nntic�:s uncUor �essmants, At Selier's cac�cnsc, 6tz!'oro s�tttcmen�. IP Seli�r fully complics �vith iho
3tS� r�aHcxs �nd/or�tssessment,�, 13uycr ncr;�pts tha Prapecty and ttgrr�e4 to thc RnC.U�ASL fn Purn�rt►pti 25 af this A�recmenl, OR
3GS 2. Ia'ctt ct�mply with thts noliccs�ta�tor t�ssessments. Zf Scll�r�tto�scs nc�t to aamply witl� tho nattcss andCcrr a�c�nnt� or!'a�ias ;
��6 witl�in thc statcd time to nutify Ru�►er w6etl�er Seticr wili comply,?3uyer wiU n�atit'y Sr�llcr fn writ�ag wfthin 5 T�AYS
3G7 th�t Ba�cc will.
��8 �. Comply ��ilh tlxa natices zuictlor assc.�smcais at Csayec's cxP�r,sc, �xcc:ept ihe Prop�rty, s�nd �gn� to tfic REL,EAS� in
369 Pnrttgrnph 25 4tthis Agrcem�ut,OR
37� b. T�tmin�te#}i#s Agr�emcnt by cvriitcn naticn#o Se1ler,wit2��11 c�e�asit mr�n�c�returneci ta Suyer accordfi�t.g to ttac tern�s of
37'1 Par�rapl�23 of�his A�ment,
372 IfBayar fai�s to respond wit�i.�fhc t�m�sts�tcc�in Parn�rn�h I�#(A){2�or i�iis#o tcrrnine#o this Agreement by w�'t�te�aottca
373 to Scltcr wifh�t�that timaM I3uy�r will r�ccc�rt Ebo Property a�td asrca t�tlio REL�ISE in Par�grapb 2S of this Agreemea#.
37a {B} Ifrcquircd by 1aw�with�n 3{} I�AYS from tiie F,a�ccution I?atc af this A�rc�nc»t,bu!in��cst�c later tha» 15 DAYS pri�r
�75 to Sct�lement Date,ScUcr will ordtr nt Sclicc's cxpcc�.se A ccrtification from thc�ppropriritc municipat dcpartmcntjs)disctasin�no�icu
37G of�y uucorrecieti v�vtations of�onin�,tiousin�,bullding�safety or�rc orciinrz�cc$andls�r�ccr6ificate permitter�g occzspancy af thc
377 C�roperiy.if Buy�eir rr.ceivcs A nn�ice af ony rcquir�ed re��trs/impravcmcnis,Buycr�vill pr�amptly detivcr a eupy of the nodcc to S+ctla:
378 1. Within S DAYS ai'rcc�iving aoticc:frarn the munioip�liiy tt��t c�:pairsl'impmvcm�nts arc requirod, Scller wi11 delivcr n
373 capy of the notice lo ne�ycr z�nd r.�c�Ufy Auyer in�vriting tt�ttt Selt�r tviil.
3�o s�. Make lhc raqutrcci rcpai�mprovcmcnts to tlac satisfACdon of ilu: ntuulcip�lity. If Sellec nu�kes th+� t+�nircd
3�1 reps�irslimprovc�c�it��,Bt�ycr�ccc�rt�the Property and ngrecs to tb�FtF.L�S�tn Para�raph 24 aft�is Agn�ement,OR
3R2 b. I�tot muke thc rec�uiccd c�rqfrslim�rovcmcnts, Tf Scller ehooscs not ta muJcc the r�qutr�d rep�irs/improvements, I3uy�r will
3s3 notify Scll�r in wric�n��vitl�in 5 AAYS thnt I3ciycr wilt:
3g4 (!} Niaf;c tbc rcpuirr;�//improvemcuts at Buyer's cx�enso, witii p�rmts�ion unci ncc+�.ss to t�►a Propa-ty given by Scltcr,whici�
��s wt�t n4c�z v�rc�soa�ty witrrhe��,t?tt
38G (2) Tcrminate this A�rcBment by writtca no�dce ta�SotIer,wtth ait cicpas�t monies returncd ta Buyer accacding to tho tc�ms
387 t�f t'�p�nph 23 of thts Ag��rn�n�.
38� If Buy�r fails #o respond wttbtu tha timo s#�ted In �'urAgraph 14{�#}(�)(!�� ar fuits #� #crm�nsete this A�r�emcnt by i
389 tivrittan t�atic� io Scllcr wtthip th�tk timc, Buycr�t�vii!uacopt tho I'"roper#y und ngrce to khe ItE'�.EAS� tn 'PnragrHph
39U 2S of th� Agreemct�t, �n� �3Uycr �ccc�ts ##za �'espv�sibtilfy to �crfort� t�c re��irsltmproveQCOa� a�cordi�g #o ihc
391 terms otthe natice iirovidad by tho municlpatity.
3�x �. If �el2cr dcs�.ics Buycr �crmission to mukc the re�oircc! tcp�irslsam�rovc�n�nk.�, t�r does not prz�vlde Buycz ��t� b�f�rc
393 Sc:tt(c���ent patc to m�l:c t1�c rcquired repuirslimprovcmcats,T3uycr may,within 5 DAYS,tc�minate dus Agtecmant by �
3:�� �rittcn noticc to Sellcr,tivitlt all dcpc,sit cnonics rcturncd to Buy4��ccardin�to #i temis af PArngrnph 23 of tl�is A�rcc:mrnt,
39$ 3. If`repairs/inlpcovcmcats nrc rc:quirr.c3 uad Seifer faiis ta provide�capy of't��nati+cc ta 13uycr tcs requ{reci�n ttiis Fe.rag,raph,Scller i
39b �vil1 perfarin u!1 repairslintpr�tvements ns re�uircd by!!ic natjec ut SCllc:c's c'xpensc:.Paragruph 14(�1){3)wiIl snrvivo xottl ment.
�
3�7 i3aytr Iait'al� !�� ,�.5'Et Pugc?'o[1 I ' Seiler I�tltis]5;
Rcviscd 7'liX �
�
�
Ptcsdwcocf wi#i zlpForrr►ID t�y 71p4a4tic iDb70 FFi2ttc�er!#rCia Ft�cf.Frzss�t,i�flda3prs�A8t}2� 1'd80E�zipl.�t4tX.�t1y� ��C15Ct3 GutC F32Ci6
�
�
I
(
. w
: . 398 15.COND011�ItYFl�iktlPLAN'NEx}CO�YtMLT1�TfTY(IIOM,L4��11'�I'ER ASSQrC'�A'TIUN�j RES.r1LE NOT1Cp`,{1-10}
399 Prop�rty is N(?1'a�Condaminiwn or pr,rt ofA Placwcd Comm«niry unlcss cl�cckcd bclow.
dtM? ❑ CONIX}IvIINIt711�.The Property is a unit af u caadc�miniu�n that is primm�cci3y ruc�by a unit awnc�s" associatic�n,Sec�ton 3�07 of tSsc
401 Uni:for�u Condomi�ium Act of Pennsylvania {sc� NotiCC Rc�w�din�; Cond4mir►iuuns tind Plunnr�d Cammunities) rer��ires Seflcr to
402 �'t�rnis#�Buycr with a Ccrt£fic�tc of lt.cs�le aYtd co�ie.s of#h�candc�minium c�cctaratiot�{uthcr thar�pt�ts sn�i ptans},tt�c bylar�s tu�d
403 the rules and regul�tians of WB assoc9tU�on.
�4# ❑ PLANI+�D COI�rFIN�I;FNITY {HC}ME(}WN�?R A�S4CTAT4�N}, Th� Pra�erty is part of a� gla�wccl cou�mur�ty as defined by the
qQS Uniform Planned �amc�unity Act {sec Notica R�garding Condocniniums tutd Ptannt�d Conomunfi3C.$). Section S4p7'{a}�f the Act
406 rcquitics Sc11er t4 fan�ish Buycr witb a c�py af the Dcc}�rat�o� (aiber t�t�nn ptuts suxd ptans},the bylaws, thc r�l�s aud reg��i�tions
Ap7 af tf�e�rsssaci�tian,and a Certificate coni�infng the�rovisians sci forth in sr.cfiioa 5407{�}r►f t��tict
40� TH�TO�.�.OWING A�'PL�S TC1 Y'ROPI�kT'IE9 T�t►T ARE�'ATtT UF A CUI�UMIlY[U11rY UR A PLANNED COMMUI'ViTY.
�4Q9 (A} Within IS DAYS from the�xecc�tian LL�ato oft.bis Agreement,S�Ilcr,ut Set�ar*s e�et�sc,cviil request fmm ihc ass�ciat3an�
41d Cez#i�`icute of R,esu e �nd u��y ot.�cr docuuacats necess�ry ta en�bt� Scller to camply rvith tha rolevttnt Act. Thc Act pro'vidcs th�t
�1 i t t.�c ussact�tion ls required to provide t��esc�daeuments within 2{}days of 3cller's rcquest.
�1�z (D) Sc;Uer will prompUy deliver to Buycr uli docum�nts ncceivcd fram tha r�s�oc�ai�on. Undcr t2to A�t, Sclt,�r is not l��ble to Buyer for
�13 tha failur�af thcs�ss�ciutian io provid� i�c�Certifi�to iu a#�m�ly mauncr t�c fQr any incotrcct infortttatiot�provlde�3 by thc r�s.so-
�{IA ciritian in tbe CertiGcAte.
�3S �C) The Act provides th�t Bnyer nlay dcclare tli#s A�reemcnt V{�II3 at any timc before Ii�yer rcccivcs th�s�ssocisti4n documcnts and
�1� for 5 days �itec r�ceipt, OR until sctttcment, whichcvc� accurs �irst. �3ayer's noticc to Scl�cr must ba �� writing; upoa Bc�ycr
�1? dcclari.ng this Agz�ecmcnt va��d, a!t dcposit mcan9cs �vill bc rciurncd ta Buycr accc�nling to the terms of pnra�ra�h 23 of this
�1� Agrcxcuan�.
�►�9 (ll� Cf thc associal�on has t�i�right#o huy kho�roparty(right of�rst rr�ffus�l�, und thc�ssocia��an exercise�lhat�ight,Seticr will re�nn-
�� bvrse Buyer for any ca�fs incurr�cl by F�uyar far�ny ins�ectians or a:ttif�cat�o�ts abtatttai acec�rding to the tcrn�s t�f i�e Agrccmc�t,
��1 and aa�y costs incurrcd by Buycr for.{1)'1'itte searcb,titic fnsurwnr.�andlor mccha�nics' Iicn insuranee, or ar�y fco for cu�ncellation;
422 {2} Fta�d insur�ec. fir� It�sur�nc,�, �r�rd insur�ztncc, m�ne sv�sldencs ins�rnncc� or any fee far c:�cail�on, {3} Appa�tl fee�
d23 and charges paid in advance ta mart,�,t�e lender.
424 2�.fiITLES,SUit�"EYS A�Ct?S�'�{I-10�
A25 (!4) Thc Praperty wiil be convcyed wtch good and m�urkcmbla title ihttt is ir�su�btc by o�r�putablc t�tle insur�nce campany at t��e re�;_
�i26 u}ar rntcs, &�es and clear of ull lxcras, c�cumbrAncas, �nc! e�scm�nls,.oxcegting i�ow�ver the fali4wing: cxist3ng dccd ccstrict�ans;
427 ' historlo prc�crv�tion restrict�or�s or ordinances; buiid�n$ restrIet3'ans; ardinances; cascments af roads; easertrents vistblc upatt t#c
a28 groii�id;eas�neals of re.cord;and g�ivilcgcs or ri�;hts of public saivico�ompat�ics,�i"any.
�29 (B) 8`uycr�tv�il p�y far thc faltowln$: �I} '�tt1� sc�u'clt, title i�sur�€rc$ andlar rnc�hanics' �ien insuranc�, ar�y fec for t�ncollntion;
ti30 (2) Flnod 'w�surnnoe,'� insur�wee, ht�zzurd insurnncc, mincr substctebee insur�qc�, ar an� fco far c�ncetiation; (3) A��raisal i�ers
�431 and char�es jmid in advuncc to m�rtg�ge teuder,(�)Buyer�'s�usi�mary sett�em�nt cosEs and a�ccccu�tis.
432 (C) Any survcy ot surveys requ�red by tho t3llo Insuracace cam�any or lltc abstracting company for preparing au udcquain t�ga1
433 tfcscrip#�on af tha Prap�crty{ar ttte correctioa thereat}will b� obtt�ined a�d p�id fc�r by St�llcr. 1�ny survey or survcys desircd by
43� Suycr ar tcquir�d by Uie murtgn�c�Icndsr witi l�a abtnincd and�►�id!'nr by Btrycr.
�#35 �D� If Selter is unablo to giva goad and mtuket�blo tltle t�at i�insurable�y a ccpuiabte titic insurnnr.�carnpany�t tbc rcgular rates,as
4�6 spcxiai'cd in �'ara�h IG(A}, Buyer aouy ierminute this Ageccuent by writtctt notic�to Scltcr, witb alt dcp�sit monies returnec� ta
4�7 Buycr �ccardtng ta tho tcrms of P�tr€t�raph 23 of this A�'ccmer3k. Uppn terminution, Scller ivlli reImbursrs Buycr for uny casis
_ 43� inCUmcd by Buycr For sny ins�csciiar�s or catificntia�s obtained acccsrdin,�ta thc t�rws r�f this A.�yrcem�nt, �nd for#husc itcm�spcx-
: q�9 I�Cd in Parngz�ph 16(I3)items(Y):(2),(3)and in Parngruph 1G(C}.
M1� (�} Seller is no#�wt►re ofti�e swt�s ofoil,gas and minerul righis for Pmperty nnt�s ofihcnvisa siatccl t�claw:
Mi l �] Saller do�s not own all subsurfaca rl�ts to tho property.
��2 ❑ Q�1,Ga�s and M€n�rul R.�fiks Addcndurn{PAR Form Ot�M}�s affached.
a4� (F) CUA�,NO'T.YCE(Wftoro Applicubla)
44� 1't3IS I)tX:t7Mt•�+l'f MAY 2+tOT SLiZ.,C(3NVt3Y,T3tA2�iSFEti.INtZ.UDI3 OR INS'[1RI�Tlil3 TfTL�3 T4 THIi CQAt.AN17 ItIt�I31'S OT+SUPPQRfi UNDER3+�'7'Ei
44S 'TFiI's SURITAC[3 I.�IN[l DPSCttIDII?OR RT,iE�TsRRL�D TO tiIIREiN,ANb'1'EI8 t}VtNIiR OR C3WNBRS OF SU{�3 COAL MAY T�iV�'iNfi C4MPL13'C!3 L�GAi.
446 ttlf�HT�O�ivlQYB AI.L SUCH COAI.AND Il�i'T�iAT CONNLG"'l70N,UAMA4i3 MAX R�SULT Tt!TEiS SURFAGB 4F TH�LAM3 I�ND ANY FIaUSIi,
�47 I�Utw1NQ OR t�'THBR.sTRtl4ZVttB oN t�R 1N sUCFi I.�iNA. fi[h3s no#c8 �s sct t`arih in Ih� inanuec providcd in Sectiau I of tlio Act of
4qg ,Tuty 17, 19S"7,P.1.. 984.)"Buyer acknowted�es d�at hc mny nat'�p oE�tninin�thc rIght af protect�on ��ptnst svbsidcnc,c rosulking
449 from caa2 mining operations� and th�zt the pra��:rty dc,�scribed hercia m�y bc pratcctcd fram c3�mttgc du� to min�subs�denca by u
A5U privato contrnct wfth tb� awn�rs of th� cconamic �ntorasts in the co�l. Thfs �nclaior�vtedg�rnent is madc for tfio purposo af com-
�5 t ' p3yirig ��ith the pravlsions ttf Scc�3o� l� of tb�Bt�utrin�t�Miuc Subsidcncc ancl thc�,aaad Ccsnsesvatlt�n Aot af Agri!27, 196tS.,,
�S2 Buyer agnccs to sign the dccd from Sc[ler which clecd will c,ant�to thc;�.iforesuid pmvision. '
4S3 tG} Th�Property is nnt �"recreat�onr� azbin"ns d�{�ne�i in tt�e Penn�ytv�nia Ca�nstruction Codc Act un�ess atherwise stated hcrc{se� �
454 No t i c o R a g�r r din g R ecrc ati onal Cabins);
45s {��} Tltis prapenty is t�at sub,jcct ta a Privntc Truasfer ree Ubiigt�tiou uuless othenvise skatCd b�re�scc NoUcc Regardin��nvate Transf�r
aS6 �eesj;
- 4S7 Q privAte Tr�ns or cc A on um¢'t1,I2 �orn�PTk}is attnchecl.
4S8 17.MAiJ!iTENANCE AN.D��t'��`�.OSS�#-10)
�59 (A) Selier w�I! mAintain thrs Prop�rty, �rc�tynds� fixturres and personal property spec%fieally listed in this A�neetnent in its preseat cc�n-
�64 difivnM normaf W�ttr and tcar catcc��cd,
Abl (B) 7f any system or Applianc�inctaded un th�salc ofPropecty fails baforc;settlwnent,Saller tiv�Il:
�G2 l. Itcga�r or zcplacc tf�c failcd system ar�ppl�ancu bcfor�sctticm��t,4R
4&3 2. �'tovicle prompt writtcn notice to Buyet t�f�cll�r's deci�iqn io:
�d� �. Credic Buycr�t setticm�t for thc fnir rn�rket v�tac of thc f�leci s�ystem or�pplia»cp,as�cc�ptable ta thc mo o te�adcr, �
4�S ifarty, It �
4G6 Bnycr TnlH /���� A�SR i'ag�8 s�C l i ScUcr IniHa! . ! ,
Kcvisccl7/11 `
�
_ 1
�
I
i
� �
.4G7 b. Not repair or replucc thc fnilcd systcru ar aAplinncc, and not credit Buycr at settlameni for tt�c fair market value af the
d68 failctt sysicui or�pl3tuice.
4G9 3. t f Scqer docs not repair or rcptnce q�e fuiled system or appiianc�or n�e to crcdit Buycr for its Pair m�rkct v�Iuc,ar ft SeUer
470 fxtts to notif�Bayer o[Selier's ehoi¢c,IIuyer tvill notiPy SeUer in writin�within 5 DAYS or beforc Sc�tlameat Daco,
a71 whichevcr Is esutiar,that Buycr�vill:
472 s�. Acccpt tt�c Praperty�nd�grcc t�lhc ItEI.EASE in Paragrnph 2S�f thts Agrccm�nt,OR
�73 b, 'lcrminate ttus Agreement by writtea not�ce to Seller,�vith nll depnsit manics rcturneci ta Buyer accardin�to tl�o tercns af
47� Puragrapli 23 ofihis Agrc;cmcnt.
4�5 If Bnyor fatls to respond wlthia thv time stated !a Parag�ahh f7(B)�3) ar fails to tertninate this Agrecmcnt by written
47d notico to Selter w�thiu thaf tin�c, I3uyer wil! accapt the Proncrty nnd agrcc to th� RELF.ASF in purngraph 25 af this
��77 A�recmen�
478 (C) Scllcr b�rs thc risk of toss from firc ar ather c�suulties urttil seitlancn� U any property incladed in thls stilc is destrnyed and aot
�79 rcplaccc�prior to s�tttcmer�t,Buycr�vill:
480 1, Acccpt the Property in its t�en c��m:nt condition togcthcr witi�tha prac,eecls of riny insuraace�eovcry�btainubtc by Seller,OR
481 2. Ternunuie ihis Agreeinent by writtcn naticc: ta SaIlc�, ►vit1� nli dcposit rrionics rctumed to Buyer uccording to the terms of
4� Pnra�rapft 23 of this Agi�eemenG
483 18.HOM.�WATtTt�INTIES(1-10)
48�t At ar bcfutti settl�cnent,citi�cr party may pu�chusc x howc w�uranly for thc Pmperty Gom a lhird-pfuty vcndor. i3uycr�end Sc!!�c undcr-
48S stnnd ilt�t n hom� w�ngnty for the Property dacs nat alter any disclqsurn requirements of Scll�r� will nat cover or wam�nt any prc- �
486 existin� Jctects of tt�e Pcoperty,and �vill not alter, w�►ivo or cxtcntl nny hrovisinns nf this A�cat regnrdtng �n4{�cctions or ccrtiG-
487 cAtions thnt Buycr hus�locted or wt�vec! us puct of ihis Ag�eemen�. Buyer and Soticr undcrstund ttiot a brok�r wha rcxommcnds a homo
488 warranty mny h�ve a busin�s relationsl�ip tvith t}�c�hama w�nranty company thai provldrs a financial ben�f�t to tbc Uroker,
�189 19.R�CUTtAING(9-OS�
490 Thts A�reement will not be rccarded in Uie pQicc of the Rcearder af A�x:tfs or�n tury oihcr offiee ar place af puhlic c�ecord. If Buyer
491 causc�4r permits Uiis Agrcement to be tccordcd,Selier m�y olect to trr,�t suci�Act e�u dc�fnult ofth3s Agreemen�
- 49z Z0,ASSIGNM�:NT(1-1Q)
q93 This Agn�c.�mnct�t 1s biadsng upon thc pnrtl�s, tbein c�irs, personal represenititivcs, �,�us�rdinns and sucoessars, and ta Iho eactent pssig�tt-
49•t biq on th� ussigns of lhe parties hercto. 13uyer will noi ti�nsfer or assi�n ttus Agn�znent wiWout the wriltea consent of Scller unless
49S oihetwisc str�tr�d in this Agrccma��Assignm�nt af this A�ree�ncpt may result in ndciitianal tr�nsfcr taxes,
496 Z1.GOYERNtNG LAW,VENIIE AND PERSONAL JU�tYSDIGTit)N(9-dS) � �
497 (A) Thv validity nnd construcrian of thts A�recment, and the ri�itts ttnc! duti� of thc parttes, will be governed in uceordsincc wtth the
A98 Inws af the Commanwealth of Pcnnsyivi�ia ,
499 (B) Thc partics ngrcc that any dispute,co�trovccsy or ctaim urising undcr or in conncction with tlus Agz�cmcnt or its perfvrnmncx�by
500 eithcr �t�cty submittcd ta a court shnil 1w ftled exclusivcly by and �n tl�e siuto or fedcral courts sitttag ln lhv Commdnwealth of
501 Pcnt�vylvanln.
502 x2,RCPRESLNTATIONS(1-10)
503 (A.) All rcprescntations, claims, tulvertistn�;, �romatioaal activit�cs, brochurc� a� pinns of any kind mAdc by Scllcr, Brokers, thcir
SO4 ltcen�ec:s, cmployecs, aiT�cers or pttrtners aro not n pwt of thls A�meni u�Iess expressly incorporutccl a� stated in ihis
SOS A�n-�:racut. This Agrccmcnt cantsiins tha wLofc agrccmcni bet�vccn ScUcr �uid IIuycr� aud tberc urc no otl�ar tcrms, obligaHons,
506 COVCtlflril3, repr�sentniions, stateme»ts or conditians� aral or othenv�sr., of any kind wliAtsoever cancc.'rnin� lhis sala Zhis
S07 tlgrccmcnt wltl nol be altcred,nmt�ndcd,cbnngcd ar mottif�ed exccpt in wcirin�exccuteci by thQ parties.
548 {B) Uuics� othcnv�se state� �a this Agreement, �3nycr h�as Inspecfed ttte Pra�crty (inclndin� fIsturES aad any �ersanal prnp-
509 crty s�t�ciiir.�eliy Ilsted berein) bcfore siq���ng tbis A�reemeat or hns wnived tho rISbt to do sa, and n�rees to pun6ase t�c
S10 Pra�ecty IN iTS P�tFSENT CONDI'1"IQN� subjcct to inspeck�aa contta�encies clected tn tfiis Agrc�ment. Buyer aclrnowt-
St 1 edges ihut B�okers, their l�ccnsccs, cm�toyces, otficers or pArtnars huvo not mado en Endependent axaminatlan or detcr-
512 minat�an of thc structurul svandnesg nf tho Prop�rty, the a�e or conditioa di the components, anvir�nmenful C011l�1KOilS�
513 tho �ormittcd uscs, nor of conditian� czist[n� in tha tocAlo whcre the Pro�i�rty is sttuated; nor havo they madc A mechan•
51� iG�l ins�ccfion af any of tho sysfcros coatnincd thcrein.
51 s (C) Any n:puirs rcquired by tl�is A�rreement wiil be compictcci in a workmanlikc uianner.
516 (D) Bmker(s)havc provid�d ar may provlcle scrvie�to ussist unrerresented pncties in complysng�vith this Agrcemen�
317 23.DE�Ati.1LT,TERhfINATYON ANU ItETURN a�'DEPOSITS(1-10)
5�8 (A) Whero a�rycr taminates this A�rcc:mcnt pursunnt to any tigiit g�nlcd by this Agrce.mcnt, Buycr �i+iil bc cntiticd to a return af
519 aU de�os'rt marties paid an uccaunt of Purchs�,se Pricc pursuaat ta tha tem�s of P�raph 23(B}, and thi4 Agreemcat wil! be
520 VOID, TcrnunAtion of this 11��eemcnt mny occur for other rcasans �iving rise to claim.� by Buyc� �d/or Sellcr for tbc deposit
321 manics.
522 (8) Etc;�anlJcss of the appareni cnliilcmci�t to dcpasit moni�s, Pcnnsylvuniu lutiv doc� not allorv a Brol:cr halding dcposit monics to ;
523 dCtc�rnlq0 Wllo is cRtiticd to the dc�o9lt[110RicS�V11af1 SetUemCril d0es ilot OGCUt.IIrokcr c,�n only reieaso tho dcposlt manles; i
524 I. IP this Agreement is terctiinatcd prlor t� settlemeni und tberc is no dlsputa nvcr eateticment to thc dcpasit monics. A written
5�5 ngecment signed hy both�utics is�wldencv U��tt tl�ere is no dispuie regttnlin�dcposit ruoni�s.
526 2. Tf, uller 13rokcr hus recc:ived dcppstt monics, nrokcr rcccives a wr�tt�n a�rcemcnt that Is si�ned by Buyer and SeUer, direct-
327 ing�3raker how to distributc same or�11 of the ttepvsit raonics.
528 3. Avcording to tke tcm�s of A finiil�rdc;r o�court.
529 4. According ta thc tsrnts of a prIor�vrittcn u�cement bctween Buycr t�nd Sellcc that directs thc I3rokcr haw to distributc tho
S30 depasit monie,s i.f urere is a disruta bel�veen iha parcies thnt is not resolvccl,(Sca Pnrn�raph 23{C))
S31 Ruycr Yntiia l��� ASR Pa�;e�af lI Sdkr Y�dtixis: �
--.. Rcviscd 7�i1
Praluaod wilh z(pFormlry by tiplo��'uc 180T0 Fifleen hTiln Raod.Fm:.of�MIChKWn'4�� S[L80lLi�1.991X..R4SA ('�CLSG[5�IIC BBI�
i
� .
532 � (�) �3uyer ai�d SeUcr agcee daat if tliecc is a dis��ut�aver tl�e eniitlement to deposit maciics that is unresoi��rd 365 d�ys afler
, 533 the Setticmcnt Dnic statcd in I'ant�rnpb ��(A), or any�vritten ca-tensions tlicr�of, thc�ro�:er haidin�ttic deposit monics witi, �vith-
534 in 30 days af receipi of Buyer's written rc;qucst, distribute ihe deposit montes to Buyer unlesg the $mker is in rcceipt of vaifi-
535 nbl� written nolic8 lhat d�e dispute is thc subject of litigntion. IF Brokcr h�.g rcxcivcd verifiablo writtcn notia: of litigat3on prior
536 to the rcccipt of Buyer's r+equcst for distribultan,F3rokec�vil1 continue to hold thc deposit monies until receipt of a written distri-
537 bu�iai�ngtt;emcnt bct�vecn IIuyer and Scllcr ar u finnl court order. t3uyrx tutd Selter nre advised io initiuto littgution far any por-
S3x lton af tli�dc�osit mon��s priar ta rany distributiop made by Broker pur�u�nt to this pstragrt�ptt. Buyer and ScUer c�rcc t�yti the
S39 c�istribul;an of deposit manias based upon tl�c pussAg� of fiIme doc.g not le�nity datcrmine cntiiJemcnt to deposil manios, tmd th�t
$a� the panies maintain thcir legal rigi�is to�ursuo litig,utinn cven at�r a dislrit�ut{on is cnade.
S41 (D) IIuycr aad Saper ugraa thnt Broker who I�o1ds ar dis�ributes deposlt manlcs nursuaut to tho te�ms of P�g�pf�23 or Pennsylvnniu
542 i�t�v will nat bo liable. Buyer w�d Seltcr ngrcc that if any Brc�ker cu n1�`diutcd llccnsee is namcd in litjgutiop rcg�udtng dcposit
543 moni�,the aitomeys'fe�s su�d costs of U►c:Draket(s)and licensee(s)will be pt�id by thG gurty numiag them in lingr�tion.
S�q (E) SeUcr h�s tha op6an of rctalning all sw��pnid by Buycr,including iEie dcp�sit mani�,sl�ould Buyer.
545 1, rail to ma�:c any additionnl pAyments as s�cctf�aj In}'aragc�apb 2,UR
54b 2. ruruish ftilse or incomplet� inPo�tion io Scller, Srokc�s), or ru�y othcr party identified 'en tl2is A�nccwa�t coqccmin�
S�7 T3uycr's Icgal or f3nanci�i stutus,QR
548 3. Viol�to or fuil to tLlf�tl and perfprm�rty athcr terms vr conditians of thls Agreement.
549 (P') Untess atherwise checked ia Patr�grnph 23(G),Sciler mny cicct to retnln daosc surns pnld by E3uyer,includfn�dcriosit manics:
554 l. On uccaunt of purchasc�ricc,Ot�
S51 2. As monies to bC appliai#0 ScIlcr's cfamngvs,OR
552 3. As lic�uidnted damages for such defaulG
SS3 (G) (R� SFLLER]S�,YMITED TU RETAINMG SUMS PA1D BY�3YtY�It,INC�.UDING DErOSTt'MUNITS�A,S LIQUTDATED
SS4 UAMAGES.
S55 (H) 1P Sclicr rcWns all suc�s puid by �3uycr. includin� dc�asit monics, u.4 ltquiduted drunagcs pursuant to P�rngrnpb 23(J� ar (G),
556 Buycr und Scllcr ur�rc1�from furthcr Unbility or obllg�tian und thfs A&r�cmCnt Is VOID.
557 (n Brokcrs and liccnsecs arc not responsihln for ucipaid dcposits.
558 24.ri1EDIA1'1pN(1-10)
559 Buycr and Scller will submit aU disputes ar ett�Ims thut arisc Erom this A�recin�nt, including disputes and claims aYCr dcposit monies,
S64 to rnedi�t�nt�. Mediation u�ill be conductcci �n uccordrrocc with tha Rules and Frauxlures of tbe Homc Scllersll-Iocnc3 Buycrs Disputa
361 Rcsolud�n Systcm� ur�tcss it Is not available, in �vl�ich c�sa Buycr and Se11er will mccti�tc accardin�to the terms of th�medtotion sys•
562 fCT21 A��TCII O!' CDaOtSCd I�y SIC 101�l� ASSOCtAI{Qil OP REALTORS�. Mediution fccs, cantai�icd in thc mediator's fec sc6edule, �v�ll 6c
563 dlvidal cqually amaag the part�cs and wiU bc pald bcfoi'e the mcdiation ccirtfcr3nco. Thts mcdiatioa�proccs's must bo concludcd bcforc
Sb4 uny parly lo ilie dispute may initiute lcgal prc�c�edings in any courtroom, witl� tlte exccptiott af filing� sumn�ans if it is ne�sary to
565 stop nny stututa of limitulions from c�iring, Atiy a�mcnt reached through aictliation nnd signec[ by 1he purtios w�ii be bittding(sa:
S66 Nutic,�:Ro�ivdinb Mcdi�tipn),Any agrcement to mcdiate dlsputes or cluims arlsiag f'rom this Agrccmcnt wi11 survfvc setticunen�
567 2S.KELEASL�{9-05)
SG� �3uyer refeuses, quit clAims nnd farever discharges SELLE�E2, AY.L �3ROK�FtSt thoir LICENSEES, EMAY..OY�ES and aay
569 OFCIC�Ct or PAYtTNER af any ono of tl�en� and sny other P�1tSON, T�"fltM or CUitPO�A'TION wl�o may bo I�AE?r0 by or
570 fhroufih th�m, fram an�+ and Ap claims, lasses ur dcmands, tncludtn�, �ut nut limftcd to, personal iajury und propecty dam-
S71 aqa And nq af tba consequehces tbc�eaf, wtictlicr known dr not, wfzicb may arisn from ti�e prescncc of tarmitcx ar otbar wood-
572 boring insects, r�don, tr�d-base�cl paiat lti��accls, mald, fUll�� UI' �111I001" A�P ptlAllt�►� environmcnta! bwcards� aay d�feCls ia tbe
5�3 indlvldusl aa-Iat sowage dfspasAl system or dettcieacies En the on-site w�ter scrv(ce system, or �ay defects ar condittoas on tbe
574 Proparty. Shovld Saticr be fn dcfaalt undcr thc terms of this A�tecmeat or in vtolati4u of any Scilcr disclosuro taw ot regula-
57S tion, thia releasc docs uot daprtve Buyer ot any ri�ht to pursue aay rcmccli�.w thut may bo svailt�blo under iaw or cquity. This
57G rcicasa wili survive scttlemeuk
577 x6.REAI.ESTATER.�CpVERY F(JNU(9-05)
578 A Rcn! �.stale Itecovery rwd r.x.ists to reimGursa any persons �vl�o huvp nt�tulnc� a finctl etvil,�udgneat ag�inst t� Pennsylvanfa reu!
S79 est�tc tjcc;tts�o {or a licens�ec's a�il�ates) owir�� to Pmud, misre�t+�scptatian, ar deceit ia u c�eul cstato tr�ctlon uuci w�o huve b�cn
S84 t�nablo to eoltcet the judg�nent ailCr exht�us�tin� al) Icgril aad e�ultable rcnieclies. For con�pfetc detults about tha i'unci, ea11 (71'l�'183- '
S81 3658 or(8Q4)�22•2113(within Pennsylvivaia)und(71�78�-�854(outsidc Pcnn.sylvanta).
SR2 27,CQMMiINICA'1'IONS W1TH BUYER ANA/UR SEI.LL�R(1-1Q)
583 W1.�crcvcx this A�c�ement cont��ins � prnvision U�ot �quir�cs or allows cailununies�tion/delivery to a F3uycr, thai provlsion sh�lt be suiis-
584 �eci by communicatian/delivcry to the Rrolcer far I3uyer, U' nny, cxeept for documents requireci to Iw delivered pursuunt to
585 Para�raph 1S. tf there is no Brokcr for 13uycr, thosc pravisians muy ba s�lisfacci only by communlcation/dclivery bclag mnde dircct-
S86 ly to thc puycr, unless atbenvise agreec! to by the parties, Whcrever ihis A�rcxment c�antnins a prov�sion thnt m,c}uires ar alJows cQm-
587 muni�t�on/dclivery to � Scilcr, tl�at pravision shreil be satisfieci by wmmunicntianJdclivery to ttie IIroker for SeIICt� ff�ny. [f there is
588 no 13rokcr for Seitcr, tbosc provisians mt�y be satisficd oaly by conunuu'tcAtian/c�clivcry bving raadc di�ctly to thc:3cllcr, anless ot6cr-
589 wise a�-ccd ta by thc�aCiics.
s�o �s,sr�c�t.i,�t.�,us�s(�-�o�
591 (A) Tho fvllowiag aro�Art of tl�is A�Tecrnent If cf�ecketi:
592 Q S�Ie&Setticmeat of Other Property Contingency Add�ndum(PAR Form SSh)
593 Q Su1c&Scttlewcnt of 4tber Property Confingency with Riglit to Coattnuc Mntkct�ng Addendum(PAR rorm SSf'-CM)
594 O Sc,Kt[ement af Other Pro�re�rty Contingoncy Addcndum(PAR Form SOA)
S95 ❑ Sliort Sula Addendum to Agr�nent oPSale(PAR Fonn SHS}
596 ❑ AppraIsul Corrtin�ency Addendum(PAR rann AGA}
s� p �
s9s Q
s� p
600 Ruyer Tnitial : /�, ASR Pagc 10 of U Seller Inil:inls; i
Revised 7�11
�roaucv�i mv��ipFG(TttF�Gy ZJpI.OS�1X 180T0 Fifldt!(1 AiilO ROAd,Fraser,�.+;d��.�n aso2a �r.�l.stis.s�n ficisus I.�na F3arb
I
i
i
,
, �
GOj {Ii) Addiiional Tcrms:
602 1.. Ttsis pxope�ty is st�1.d 2�� �S.
�a� 2. '�he seller has �o knowl.edg�a o�' any c�efea�s.
�� 3. The sel�.er has z�.ever ].ivsd ir� �he pr�per�� al�hough �he property belongs to his
b05 doacar�sed mother.
GOG 4. Constantina� J. Mal�ia� is a lieertsed �eal estate agez�t and daes not �ep�ese�st
GO? th� buyer or the selic��.
��& 5. Buyer w�.11 pay off bala.nee at loa.n a� �hr� settleni�nt of 1A Wagner nr. wh+�n
�� sc�ld, No later tha� I2 f 3Z j2t�1� a� whi+ch �i,mo �he bugers wi1Z g�� a aanventiranal
61 q �ttor�gage.
6l i 6. Buye� �r�.l� pay $5,Ot}U,00 at the si.gn�.nc� a�' th3.s agreer�ent �or grepaid �a�ces and
��2 �.nsurance and i� nan—re£uncl�iblc� and appliab7,e at settlame:n�.
G13 ?. buy�r ws.11 p�y a le�sc� paynaent of $1,2SOt}.00/�0. starting Januar� 1, 2012.
6I4
61S
GIG .
617 .
t�t8 $uyer attd Seiter ttckno�vl+edgo r�cQi�#ofr�ca�y of tlits A�rcemenf stt tlr�tfmc n1`si�nin�.
dl9 T�is A�reet���nt may I�u erecat�c� in on� o�• m�r� ecrunterpurts, cAC� ��1YII�C�1 SIIA�I �IC i�CCik1Ctl �0 E3C �tl 02''t�,'�12AI ttnc� fvl�ict� coun-
G20 terpnrts Ia�cthcr sh�tMt constit.uta c�ne and tl�c sarnc A�rcuntcnt af fhc Pnrtics.
621 NC.�TiC� `I'U ['AItTIES: �i'ITCN SICNEI7, 'I'T�IS AC�R.E�VIEN'1' 1S A tiTNDINC CONTC2ACT'. �'artics to this tr�nsr�ctlon �trc
b22 :�dvisc�i�a caiist�lt a l'ennsyfvanfa rrnt ests�Ec attorncy beF�r�si�ning i[they cics€�-e leg�t;�dv�ce.
623 Reti�rn ot' llits A�r�ement, u��c� nny �cldend� nad ��»cadmonts, i►tcfacitti�; return by electrantc trttns�tt#ssxaa, bourfrt� fhe sC�nztta�es
G2� �AII�}kIt"��CSz CnT�S��ti1�C5 flCCC�ifRhCC�)y��18�l31'f�'�S.
� 1�, 13uycr t3�s recelv�cl iGo Consumer No#tco r�s zido�fed E�y t��o Str�tc Rcn!�stflr#c Commi�stnn at�t9�`u.Ct►cic
6� §3S.33G.
� r
' �„" T�uyer t��s r�ecetr�c�l�st,�rtement otl3uycr"s cstin�;ttcd�Jasin�casts bafor�c sig�rCM�g ihis Agreement� �
1�--� Buycr h�s re�d ancl undcrsfands the�notic�s nnd expittnaEory iaformntion tn�I�is A�,r�ecmea�
.��1� Buyer has Xe�civet! n Setter's Pr+n�orty Disrlosc�r� Staten�ent bcforo si�nin� fliix �.grcemant, i#' required by Ir�w
G (sen rnforrn�ttian Re��rdin�thc Rer►1�stuio Seticr Disclo�ut�o X.��v),
� � I3uyer has reccived iho Deposit Mortcy Notice (far caaperntive sales �vhcn tirokc� for Scllcr ia bolding depaxit
� n�oney}b�fore s�gni�t�t6is A�rec�ent.
G !� I3ayer li:�s receivod it�o Lcacl-13as�{l �'.�I�t Hucs�rtts �}�scti��ur�, �vhic[� is �tt��cl�cc� fio thls Agrceme��t af S�[ef a��d
r � t.t►c pnmpbtct Protaci Yaur�Famtly fram Y.,oa�d fn Yo«r�Io�t�a(for ps•operties built prior to 1978)
G35 BUY�12 �� '���� DATi� !! ^' �` � ��
D ac-� w een
��� �u���t �a�rr �- ..._
Har ara L Messnor
�
t
r,3'� IiUYER nATr �
G38 Settcr l�as recaived tbe Cvnsamer t"�Atice ses ada�ted by ti��Stafc Renl�stat�Commtssian at d9 Fn,Cade§35.336.
G39 Seller Ifas cGCa'rved u stuten�ent�f Sc[!er's estirn�ted�lostng cosls bet'are signCctg tl�is Agreemen�.
�� Seltcr hus rcat!z�nd understand tt ttat3ces aad cxptau�tory ini'ormatlan in tltis A�re�m�n�.
. (Nt� #LtI.JL'� i t f�� � � � , 1 ~i ���� r
�� t��,� � � ��.��.�.. ��� 11 � . 1
£�tai:o o� Vasi].�.ki Mzt].lios
G�12 S��T.ER DATC �
,
' G�13 SL�,�.I;Ct UATI�;
1
I
I
� AS�t I'��e 11 of#l �
Revised 7/11
Practucad wilh zlpFerm&f by xtp�.oitiz t Ht}l0�i;toeo t.t11e ftcsd,f�rttse,t�Slclak,�:+n+#842$ �y�C�ezlFl..4�� 1�e.tsets LaztG E3�ib
i
i
f
�
SALE&S�'I"I'I,ENI�NT 4F pTH�R PR()I'�RT'Y CONTIlV'G�NC"St SSP
ADDEtYDUA1'['O AGREEIlIENT QT�SAI,E
This fam rccommcndcd and approveYf for,bt�l nnt�xsbida�tn iva bp,lbc mcmlxxs of the Fecu�s��l�nni�Asx�ciatian of REALTORSCD(NAR).
1 P�t�PCRTY 224 Heisers Lane, Ca�lisle, pa i�oa.s
z SELLER �s�ate of Vasili.ka. Mallios ,
3 [3UYER Devoe W G�ceen, Barabara L Messner �
1 1. This Agrccm�nt of Satc Is contingent upon lhe s�ic nc�d settlemcnt of I3uyer's Property nt: 1� WaqneX Drive
S Shiupensburq pa. 17257
G ?. Nithin 1 da��s of Sctler's acceptancc:of lhis Asreernent of Sale, C3uycr will list Buycr's T'roperty for salc under an cxclusive right
7 to sell u�r�em�nt �vit�� a broker af Buycrs choosin��vha is a member of ti�e ii�ullipic listing service most dir�ctty serving the sueA in
x �vhich chc I3uycrs Property is Incnted. l�aycr w111 da �vhai is reasanubly ncccssary to scii s�d scttic Buycr's Properry, including, but
9 nut limited t��, nutliorizing brokcr to list [3uycr's Pro�erty �vith the multiple listin� scrvice, posting "for salc" si�ns, �ercnitting apca
�o housrs, muintt�inin� [3uycr's Property in nre:sen�ublc condition, and coohern�in� fiilfy �vilh broker nnd othe� lie�nsc:e.� showing or n�tu-
I t kcting T�uye�'s f'roperty to pros�cctivc buycrs.
12 3, L�uyer�vill list Eluycr's I'roperty ni or belo�v b 34 9,00 Q.00 �for 1 tcrm endin�,on c�r after 12/22/2013 .
13 41. If Buycr's Properiy is not undcr an Agrcx:rncnt c�f Snlc with tcm�s ucccptable t<>S�Ilcr,oti or b�fore 12/2212Q13 ,
Iq or if I3uycr'x Agrecmeat of S�Ic is terminalec}, Scller mny terminAte the Ag�e�me��t by �vriuen noiice to IIuye� �md alt dcposit monics
IS paid an ucc�unt af purchasc price will be returncd ta BuyC� according to thc tcrn�s af tl�is Agrcetnent of Sttle And Qiis Agreemcnt of
1G Sale »•ill bc V0117. Sel)cr's ri�ht to tc;rn�intitc continues until Buye�s Property is unJer un Agreement of Sale wiEh terms acceptablc
17 to Scllcr. . . � . , . . � � .. .
18 S. Ti�c tem�s of this Addendum ch�uige And pre:v;til aver tha provision of U�a Mangnge Canlingency Claus� which bi��es Seller We right
t9 ta tcrminatc tl�� Abreement of S�1c if the: Buycr's �i�ortgage conunilment is conditi�ncd upon the sule und scttlemutt af Buycr's
20 Property.
21 All othcr tcrrna�ttnd conditioas uf the Agreement eif St�la rcrtiain uncha��ed und Er�full force und effect.
22 �3UY�R Devoe W Green 1)A7'C 10/22/2012
� ��'���R Barabara L Messner DATE 10/22/2012
:q IIUYCR DA'1'C
2S SCi�LCR Estat� o� Vasilikx Mallios DATt�. 10/22/2012
2G SI:LLER ~ � I��T�
27 S�LLI:R UA'I'�
i
�
I
I
I
I
�� I Pennsylvania Association of REALTORS' ���r�'����'�'��'K�'LV�,�i,�ASSOC[ATION OF R&1LTORS'�2011 �
3/11 I
Alpha Statc Rcalty IS Stat�Avc,Stc 103�arlisle,P/l 17013
` Plione:(717)2��3-540U FAx: (717)2�33-Sal? Alph�Stntc Rcalty t�lciscrs Lanc B �
Ptoclucod with zirf�w�dA by zlp{.opix 180)0 FiHoon Milo Road,F�pser,MfdifQan d002U v,�y,�Zil�L4�J[if.fs�II I
i
�
I
i
i
I
, .
��� � .
�_-��.(.I
02VUQ
Parce! Nn.: 4A— 10�0634—0?8 A
THIS INDEIVTU'�tE
r�
rYIA�U�C I'HE �dc���of .f�nuary in the��ear uf otcr Lvrd tivu tJtoc�sand tliirteen
BETWE'�!V NICKOLAS J. MALLIOS �uid CONSTANTIN�S J. MALLrQS,Executors of the
Last Will and Test�ment of VASILIK� NIALLIOS,Deceased,Late of the Borough of Garlisle,
Cumberl�nd Caunty,Per�nsylvut�ia,herein�Fter referrecl to as the G►•antor,
AND NICKOLAS J. ivi�-�LI..IUS and CQNSTANTINOS J. Mf1LC.,lOS,oF
Cumberland Cotmty,Pennsylvania,hereinfifter referred to�s the Gru�ttees,
WHE�f�S,Vasiliki Ma!lios diEd on July 27,2010,seized in fee of the hereinafter
descriUed real estate;
WHER�AS,her Last Wil) find Testament clat�cf lV1ay 22,2n09,provided in part as
follo�vs;
S, All of the rest, residue and rem�inder oF my estate,real,personal and mixed,uttd whereaneve�the
same may be situ�te, I give, devise �rtd b�que��th in �qual sh��r�s to my hva sons, NICKO[.AS J, fv1ALLiOS and
CONSTnNT1N�S J, MAl.L10S, thcir l�ei�s and��ssigrts, but shauld either�t them fail to survive me, then I direct
thc:amuunt which each of ttiCfT1 WVU�(� IIAVC ft'Ct'.IVCfI SIIaI� ��1SS l0 SUC�I A�I11S ISSU�IIS 5IlAII 5UN1VC itl@, tltieir heirs
and assibns,pe�stirpe�s.
G. I herc:by naminnte, cunstihit� tind nppoint my son, N[CICOLAS J. M1A1.LI�S ur�d my san
CQNSTAN'I'I�IOS 1, 41ALL[OS, and the survivor of them,as �xecutars of t}iis my Last 1'Vi!!�nd Testument,nnd 1 �
direet thnt n�ither af tfTen� shr�l! be requirc;d to post any bonci to secure the fflithful pc:rformnnce of his duties in th�
Commomvealth of Penttisylvanifi or in��y alh�r jurisdiction. �
� tiVFIEI?EAS,, Lett�rs Testam�ntary in tlie Estate of vasiliki �Vf�llios,Deceased were �
issued by the Cumberland County Register of 1�Vills<�t E'ile I�Io.21-lQ-790 to Nickolas J. N1nllios
and Const�antinos J. 1�iallios un August 4,2010,rvichc��tt the rec�uirement tlilt any bond be posted
by it,tivhich Letters T�;stAmentf�ry rem�in in full force nnd effect;
�•�H1:R.E�1�S,Seccion 3351 of the Probate, Estt�tes and Fiduci��ries Code (20 Pa,C,S.A.
�335 I) gives a person�tl representative the po�ver to sell at public; or priv�te sale any real property
not speciFic�lly d�vised; aiid
4YHEREAS,th� hereir�c►fter d�scrib�d rea) pr��c�rty �vas not specific�ally devised,
NON� 7'��tIS IIVDENTURE WITN�SS�TH, t1�ut th��saict Grantor for arrd in
consic�eratioit of tlte�crm af �I.UO Ovllars lcrti+firl irior��y of tl7c� U��ited Stcrtes, to them i�t lzand
puid bti�tlic�said Grant�es ut a�id befnre thc,�sealirc,S►ui:d delivc�r lr�.�reof,Ilt�rc�c�eipr wf:c.�renf is
�
�
�i
i
�
/2er��b>>ac'I;rtOtib�ledged hr�s gr�uit�cl, bctrgui�ied,sold, nlieiterl,releasec!and eonfrrmect,uricl�y�
tiiese pr�sents,daes�ji•a�tt, bar�ui�t sell,crlic��2, relea.se ctrt�t corrfirnc tcntn the,said Grantees,
�iLL TH�7'CERItLIiV improved cract of land situ�te in Soutli Middleton To�vnship,
Cumbecland County,Pennsylvani�,mare particularly bounded and described necording to a
L.and Sut�division for John N.M�lfios d�ied July 20,2001,revised d�raugtl August 23,20D1,and
recorded in Cumberland C��inty Plttn Buok 85,P�►ge G,us foll�ws:
I3�GINNING �tt� m�gt�etic n�il in the right-o�-�v�y of�Ieisei•s Lane,Township Road T
—513,at carner of Lot No. 10 as shown on the above-d�scribed Subdivision Plan; thence within
the right-of-way of Heiscrs Lane and through an existing railroad spike,South f�5 degrees 15
minutes UO seconds W�st 5G6.97 feet to An existing railroad spike in the right-of-wrty o��-ieisers
Lane,�t corner of land now or formeriy oP David S, Mk�slnnd; thence by said land And through �n
existin� iron pin,North 12 clegrees 00 rninutes�0 seconds West 530.0�feet to an iron pin in line
of said IAnd of David S.M�sl�nd �t corner of Lot No. lU as shorvn on the nbove-described
subdivision plan; thence by Lot No, 1�, 1Vorth 65 degrees 1S minutes 00 seconds E�st 4S�.t?0
feec to an iron pin; thence continuing by Lot Na. 1Q,Soutli 24 degrees 4S minutes 00 seconds
Eflst S 1G,93 feet to a ma�;t�etic ntti( in thc rigl�t-of-way of t-leisers �.ane,the Foint�nd f'Ince of
BEC'TINNING,
The above-deseribed tr�ct of land contains 6.Q351� gross acres,more or less,t�nd is
designAted as L.ot 1 —B,Lot 1 —A and"l��nd rlow or fon��erly of John N. N1Allios,D.B.30—Y—
242,existin� Lot 1," all as shuwn on tlie s�bove-describecl subdivisioil pl�n.
I31;1'NG the s�me premises tivl�icft V�siliki Nl�llios,rvid��v,by deed dated A�ril 10,20�2
and recorded April !0,2002 in the Uffic� of the Recorder of Deeds in �nd for Cumberland
County in Deed 8uok 2S 1, P�a@��5,�ranted and conveyed to Vasiliki Ntallios
1'UG�THER tivith all�nd sirigulctr fYQ,YJ,���ater,s, �vater-�ot�rse.s, riglrts, liberties,
privileges,/tc�rectitairieizts cr�rr!appa�rte»c�iic�es��vlia�soevc,�r theretuito bc�11112�1i1g,Of'lli Rl1)����is�
appertai�irri�;,and the re>>c��•si��ns and re�rini�lders,r�nts, isstres and prvf ts t/xereof; �uul also all
tlic�estcttc,ri��l:t, trtle, intGr•est, c�se,trt.rst,propert��,po.sseSS10lJ, claim ctiid dema�zd�vliatsvever, l�a
law,�qciity pr otl2�rtivisc.�ho�vsoei�er, of, ��z>to vr oa�t of tlxe sa�tre:
TO f1AVE�iND�'0 HOLD,tf7e saict herec�ltu»�c�rtts and pr�»�rses�rerehy�rttntec!ct�zd
released, or rtte�ttioited cr�td inte►id�d sn t��be, ti�rith tltc�appin�terta�zces, etntv tlie saicl, Grantees
their he;rr .n»cl assr���.s,fnrever..
AND t/�e,said Grnncor does covc.�ricr�rt,proi��ise crrt�l agre�, t��a�tc! �vith tlte s�tid Gr�ntees
that Ihc�suii! Gra»tar htts rtot clviie,co��tntittc�d,or ktrurvirt,�ly or rt�i!ling�y.S•crffer�d to he d�»>e or
cornniiltc.�ci,crrrl�Clc'!,niatte�r�r tlii»� ►vfrals��e:���er►vlrerehy tlie pre�rrises lterehy grantecl, vr a�:��
pnrt therec�f, is,c�tre,sl�cill c�r mcey be ii»pc�ac�hed,c�J�argc'd or e�tctr»tberecl, in title,cliar��e, estate,
or ntlier}��ise 12orr��soc�ver.,
��V1'T'NESS tlte dtte e�.tec:trtinrt Iterenf tlie day,nwit�l7 u�td>>ettrfirst c�bove���ritten.
��VI'T�VF,SS: Estat� ofi Va ' ' ' N lios
_ By: � (SEAL)
NIC1� . � IQS, Ex�culor
��''7 --: -
� B • --- =,i.�:a t.)
y. �..y
CONSTANTINOS J. IvIALL.IOS,Executor
S�tlllL'O,� P�11/7SV11fQ1TlC!
}SS.
Gncr�7h� of Ccrntherla�rd
Q,i 11�rs,the �,�`�' drry c�f Jnitcran�, 2l)13, ��fOt'�1�1r.�, �11e� t►�td�rstg�ted o�cer,
persr»>ully ap�eared NICK�LAS J. MALLTOS
kn�►���t to nie (or sati.sfcrc•tori/��pru��c��t) tv lae tlie perso�r ti��huse itame sr�bscribed to tJte �vitiii�r
r�istr�rrnei►t, arzd �rckno►t�led�ec! tlu�t he e.rec:crted tJte sa»ie for the pc�rpvses therein
rv�ttaii��cl.
IN WITN�SS tiYH.�I�4T,1 Itc.�r�cr�itn set rrr��Jitt�i�l n�rc!offrcictl sc�ctl.
c�tit�+orrwEn�n�a��Hr�,gnvu,tU ,-
r+arnuw.�r�u. ��
�ot C�arf�sto aEr.Hoe�ry P�b�c ��. ..`/S�.a�)
t
�+►r cor►un+sa�a►ErpU�,1v+e��aa�� (
Stcrtc�vf Pc>>tjrs��lti�aifin
}ss.
Gncr,�n- vf'Cumbe�'lnjtr!
���
011 IITI S, the 'ZS cl�r��o�'.Inire�a�;y,2(�13, befvre r►�e, tlic cr��clGrsi��Jl�'(.�O�C4')•,
�e�•so��all��uppc�ared GONS"l'fINTNOS J. M�1.L,[OS
kitu�,��r tv n:e (ar satisf�tc�t���il��prvti�c�it) tn l�e tlte persv�i ►vhnscr rrnrr�e sarl�scrib�d to tl�e ►ti-ithi�r
inslrttnte�tt, a�rtt crck�to�<<�leclgc�c/ !lrnt l�e e.rect�ted tlrc� sa�t:c�for llre prrrposes tlrere�i�r
c�»ttni,►ecl.
IrV t�Y1T'�vF_SS tiv�Elu:o�, /Jterc.�lr�ttv s�l l)rV lia�rd artd offrcitrl sc�rrl.
r J F
.�j1
___ {SFAL�
C�MMQNWEIU.TN Qi'NFNNiiYRVANUI
IaOTARJN.ki�N.
ROI�6RT Q.F'RFY,MoGUy puWic
�orouqh ol CarAslo.CanboAand Cexe+dY i'A
My Cammcs+att Expfras,tunp/101�
� .
1 t�o 1Tereb�! c�ertrfi� tliat the pr�cise resrde��ce artd Gor�r�lete post o�ce trddre�ss vf tJtc�
tit�rtlti�t ita»�ed gra�:tee is �� � �'1/�w��i r• � l-�v.,�-��� �,�,,�j ��(�'s f� P!Q /7v�__3
^ � 1
,�c�v�`.��._r 2� , 2U1.3
� �
ti ,
Rabert G.1're�>>Esqirire
_.
�
�
. . _ .. . •,
_.. _
; _ . , ;�:, d
� . � . . _ ';
f
�
. .� �
;
i
;
� .
ROBERT P. 2IEGLER
R.�CORDER QF D��DS
CUMBERLAND COUNTI' ;
1 COURTHOUS� SQUARr �' "..;,...��
CA�tLISLE, I'A 17013 - ��`` � �
'`� �i. �� � ,. r
�Y7-Zao-63�0
E - �� �` � .�
_ .
---,-z-,,.���=,r. ,
Instrumeni Nun�ber-20X3U40X6
�terorded 4n 2/5/2013 At 2:47:OS PM *Tat�l Pages-G
*Instrument Type-DE�D
Invoice Numbc�•-128b1� User ID-ICW
*Grnntar-MAT�LIOS,'VASILIKI
*G�'Sit1fCC-MALLIOS,NICY{OLAS J
�Custonicr-�'RCY
*FEES
STATE WRTT TAX $0.50 Certyfic�tion Pagc
STATE JCS/ACCESS TO $23.50
JUSTICE DU NUT DETACI�
RECORDTNG �'EES — $12.50
RECORDER OF DEED3
PARCEL CERTIFICATION $lO.OQ This p�ge is nor�v part
FEES af fihis Iegal documet�t.
AFFORDABLE HOUSING $11.50
COUNTY ARCHIVES FEE $2,00
ROD ARCHIVE3 FEE $3.00
S4UTFi MIDDLETON SCHOOL $0.00
DY3TRICT
SOUTH MIDDLETON TOWNSHIP $0.00
TOTAL PAID $63.00 .
I Certify this to bc recorded �
in Cti�m�erlancl County PA
�,�ort au�ra� .
�_ � �
�� ° I2CCORDER O D EDS
*��o
k-informatlnn tlenoted by an usterislc mny ch�nge durin�
the verlfic�ttian E�rocess nnd ms�y not we rellected o�t this pstge,
002VUQ
� �
NI Il1111111111 Illll II I I I I
�
�
�
,
,
�
,
�
, +
;
AGRr CMEN'T"OF�AL�RELEAS�AIYD�1IST�AU"Y'IC�1N UF DEI'OS�"T'N�ONEY .12�L
Ti�is iorm r.t;urnm���d�c!;rnd�p�sraveti fur,but nc�!resinctcelln usc i�y.the ntcn�b�crs oPibc!'ennsytvania A.csocioliap o�RF.'Ai.1'ORSd�(PAR).
! PROPk:ltTY
2 SEL�i:tt r
3 �UYEYt
�€ DAT�Ot�AC�if�1�3EN"1' � - } ��I�+fr1 lr�, —
S DEAC1StT MON�Y HELA i3Y
G
� I. �3�ry�r a�d Scltrr etztcrctt ia�o t�t�Agrcarnant ot 5nle to purct��e!ho Prapsrty fdeat��rd tebove. t3uycr and Seller releasr,qult clatm
8 aud forever discharge �ACN OTHkR, AL.L BRUK�RS, thei� �CC�:iVSEFS, EMPGt?YEES �nd aay UF�'ICER or PARTN�R of
{) any c�ae of tt�eni and�ay ather P�ttSCiN,FiRM ar CUi�F4�tATlflN wt�o n�ay he tiabl�by or tl�rou�h thcm�fr�m�ny aad�11 ei�#ms,
I O tasses ar�icm�nds sef torth in tho Agreement oM"S��io as well us il�ose»risin�t'ram or reinttn� to the Agrecment of Snle,TI1C(�C()09I� �
�l It10AC��7A�i�Ot1 ACC0011�Ot�I3E(�tl�'C�S�SC�1!`�CC W�II�t{�IS�t'��fUfCt�8S SCt fOTt�i t3CJdFY, �
��
$ 13 2. I�EPQSIT MQNEY PAID ClN r�CC{}UNT t7F PtJRCHASE P'RIC��100,UOt3.�t�
14 DtSTRlBUTIUN O�D�:POSt?'A�tON�Y: TD S�LI.�It S 1.p0,QAO.Op�
1 S `�'fl BUYER S
1G
17 l3uycr��� t ntea o#�a tegslty a d.by#�#1s A�r�ement criSalc Retrasc and Dlstributlot�o�`Uepo�it ri3oney.
I� �
19 I3UYEEt .� � Barbara t��►ner pATt��.:� � �*� �
. '
?tl t�UYER fr�tr'.��'��-�...�---' gevoe Gree� DAT� �' {�"`r1..��
$ �� �
31 BUY�Tt DAT�
� �J
T,,� �,,, � t'� �,�'�J�--�i4 � � � /.�. VS.ki Mall�.+�� Eatate DATE �' " � � `� �
az ���, H
2� SELL�:R UAT�
?•� S�Ll���� DAT�
�
.�1� �'� � , ,
� l}!� ..t. l',��.s,,�Cy��1�" -�li �,,��!.l�('r' �, 1i {� �)F�� �trt�t%{� `-�`�} �j`�il'L ` ��
.�. �. �� ,�
� ,� . . I
� -� � �4 � �
r �
1 ����-~����4.`��. -�t� (�G•�"�c:)(���tL(` ' I
�` , "
�l !
� ��'Ck�� 't c.?��,�c��� �� �.`��,��� {�'.C��ti�tlt'1c'��...,
..1 � ��
�
I
i
��� F'ennsy{vani�Assotiaticrn af REACTpRS. {:Clr�tr�t;ti7'P��",�sYt.Fr.t3V1A,iS�t}CtA'!'tUN UF R�'.AGTC?FtS�2�N16
1CU06
n�(lI3A SIAfC RCh���I S SIAIC AYG,Ste!Q3 Crulls}c,PA t'7{�13
!'honc,(717)2�3•SAOQ !'�.r: (7t7)2d3•541� Cc�r�stcu�tinos Muttit�s Gracn t.c�.c� �
Pn�duaad w�kh�lpFarrrrt�by zlpl.o$Ix 1 ooTO�IRean Mi1e Rp�d,�reser,Michlgan 48026 �;M�,�?tq
�
i
i
, •
�nn�rin�n��i'O AGRCCA�iLNr or snc.c !
AND
ACRLL+'NiIsNT TU R1s1.L'ASI:FUNt)S IiELA TN IsSCROW
EVTI:RC1� INTO TLIiS day aF M�y, 2Q t 3, bctwzen NICKOLAS J. A'IALLIOS n�td
CONSTANTINOS,J,A�tAC.C.IOS,i��their individu;tl caplcities<<nd as cxecw�rs of the I.ast Will and T�stamcnt�f
VAS�LIICI A•IALLIOS, having a iliailing address c�f 1S Stsite Avcnue,Suite 1Q3,Carlisle,PA 17013,hereinlftcr
cs�licd Scli�r,
AYD DT:VOE V�'. GREEN and I3AIt13AItA L.A�lI+:SSNER, havin� �► muiling adclr�:ss af 22� 1•leisers
l.sine,L'r�rlisle,PA 17U 1S,hcrcinsifccr cailcd Purch�scr, ,
tii'HI:RrAS thc S�Iler anci Purchase�huvc prcviously cntered inl� an a�recm�nt of sale fnr the the mal
�
es;ite ha��ing�muilln�address ni'224 Heiscrs I.une,Carlisle,PA 17015,hcr�inc�fter refened to as thc Premises,
'4'1'H1�RLAS,said agreemcnt c�f saIe requircc{At lin�bUY th��t Purchascr c:c�mpl�te fina!setticnicnt nnd rn�ike
p�iymcnt in full nf thc purc:hasc pricc on on c�frfrc Decembcr 3l,2(112;
VVY=t�R�AS,Purchlser h;is not obt�iin�d�nnncing l�eomplete scttl�ment 1s of thc dutt of this AddenJum
,ind desires tJ�at�Ite date for fins►I settlemen�bc e�tended;and �
V�'HL'RI:AS the 5eUer ;ind Purchaser hav� re7ched n mutu�l zigreem�nt ta lmend the terms nf the
ll�rccment of Sulc.
1N CONSIDER�1'I'lON OF TItL �4UTUA1. r1GR�I�:ARI:N'!'S AS ST?T FOItTH E3�1,OW,SCLLER ANU
PC1RCfIr1SFR QU IIL}2CRY AC,ItEL AS EUI,L.U��'S:
I.Scllcr a�;r�es ro extend the d�►te for fin,�l settiement us tiet f���th in th�;igresment�f'tinlc lo Ju[y 31,2Q13
; ut�vhich tlme,Purctinser shf�U pay to Seller the t�alunce oweci a»tiie purchtisc priee pius ni�y lcr�sc isayments o�v�d
; as s�t f�rtli in th�u�r�eincz�t cif ss�l�.
2. Purchaser agrecs nnd autl�driics C'rey & Tiley to mukt thc followinb exn�nditures on bchalf of scllcr
f'rnm purchascr� Funds held in cscrow; 1. Nr�tiansiar, �43,f72.UU; 2, Intesrity 13ank $27,51?U,UU, Susguehnnna
l3;�nk $2y,0U0,0O
3. Purchaser understunds th�t tliese cxpenditures arc nonrefundAUle atul should settk�rnent fail to occur,
t'urchaccr ShaU n��t be cntitled tc�recei��e a refund of any af the:�mounts so expended.
IN �V1TNr.SS WI��T�;R!?Ot�', Ihc parties hcrcro set thcir hands und hsuls thc ciuy anci yet�r firsl nb�ve
�vritte►t.�
�
I.STA'I'E OF YASILIICI A•1ALLIOS �'
i
� �ex e����rar2-�
'�����`�--csr:A�,> �y: (SEAL)
: ). U� 1V.GRI:LN �,
�, ��'�
� ,.,_. ,;'
z � r '�',���AL) •----(S�AL)
' 3 R13A1tA I�.MIESSN It NICICOL . A..COS
�
+' -1��/Y�`"1`t�r` ��
C:ONS`I'ANTINOS,r.Ni T.IOS
. I
I
I
, ►
VERIFICATION
I, David M. Chajkowski, am a Vice-President of the Petitioner, Metro Bank and as such
am authorized to make this Verification. I have read the foregoing document and verify that the
facts set forth therein are true and correct to the best of my knowledge, information and belief.
To the extent that the foregoing document and/or its language is that of counsel, I have relied
upon counsel in making this Verification.
I understand that any false statements made herein are subject to the provisions of 18 Pa.
C.S.A. §4904 relating to unsworn falsification to authorities.
DATED: � � �3 G�
David M. Chajkowski
� . Vice President �
�
3
�
�
' + 1
i
;
;
CERTIFICATE OF SERVICE
I certify that I am this day serving a copy of the foregoing document upon the person(s)
and in the manner indicated below, which service satisfies the requirements of the Pennsylvania
; Rules of Civil Procedure, by depositing a copy of same in the United States Mail at Harrisburg,
Pennsylvania, with first-class postage, prepaid, as follows:
;
,
�
� Robert G. Frey
�
� FREY & TILEY
� 5 South Hanover Street
� Carlisle, PA 17013
� (Attorneys for Respondents)
�
;
a
�
�
�
METTE, EVANS & WOODSIDE
�
�
�
� � .
; BY� Iti'�-,�✓L
; Ronald L. Finck, Esquire
' Sup. Ct. I.D. No. PA 89985
�
Kevin J. Hayes, Esquire
Sup. Ct. Id. No. 314338
' 3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000 - Phone
Attorneys for Petitioner, Metro Bank f/k/a
Commerce Bank/Harrisburg, N.A.
Dated: August 9, 2013
662665v1