HomeMy WebLinkAbout14-3764 Amounts JEa ;j e^+ 2:rr �'
$28,500.00 '��E�i� March 2� , 2014
:,Ery�,4,ND COUNT"' Camp Hill, Pennsylvania
F"ENNS'�LVANIA
JUDGMENT NOTE
FOR VALUE RECEIVED, and intending to be legally bound, DABIS CAMERO
(hereinafter collectively"Maker"), of 511 Erford Road, Camp Hill, Cumberland County, Pennsylvania
17011, hereby promises to pay COLLEEN CAMERO, an adult individual, (hereinafter"Holder"), of
4085 Swatara Drive, Oberlin, Dauphin County, Pennsylvania 17113, the principal sum of TWENTY-
EIGHT THOUSAND FIVE HUNDRED AND 00/100 ($28,500.00) DOLLARS lawful money of the
United States of America. Maker shall transfer to Holder SEVEN THOUSAND SIX HUNDRED
AND 00/100 ($7,600.00) DOLLARS, which shall be transferred to Holder from .Maker's TIAA-CREF
account by way of a QDRO provided by Maker to Holder. Additionally, Maker shall remit to Holder
ONE HUNDRED FIFTY AND 00/100 ($150.00)DOLLARS per month, each month, for the next five
(5) years, with the first payment beginning May 1, 2013. Further, Maker shall provide to Holder no
later than thirty (30) days after actual receipt of the refund by Maker any federal tax refund Maker
receives beginning with tax year 2012 through 2016. Finally, commencing in 2017, Maker shall pay
any balance remaining by providing Holder Maker's federal tax return refund or ONE THOUSAND
SEVEN HUNDRED FIFTY AND 00/100 ($1,750.00) DOLLARS, whichever is greater, in each tax
year after 2017 until the balance is paid in full. Should Maker elect to pay any balances remaining by
providing Holder Maker's federal tax return refund, Maker shall provide Holder with the refund no
later than 30 days after actual receipt of the refund by Maker.
Maker shall be provided a grace period of no more than fifteen (l 5) days from the date that any
payment is due. Further, Maker shall be in default of the this Note should Maker make three (3)
consecutive payments that are more than fifteen (15) days from said payment's respective due date, or
six (6) payments that are more than fifteen (15) days from said payment's respective due date in any
rolling twelve (12) month period.
Maker does hereby empower the Prothonotary, clerk of court, or any attorney of any court of
record in the Commonwealth of Pennsylvania, at any time before or after maturity whether or not any
default has occurred, to appear for it and, with or without declaration filed, confess judgment against it
for the above sum with costs of suit, release of errors, and with out stay of execution, and with (5%)
percent added as part of the judgment for attorney's fees for collection. Maker fully understands and
agrees to the attached Explanation of Rights which is incorporated herein by reference.
THIS NOTE MAY BE RECORDED AS A JUDGMENT AGAINST THE MAKER
WITHOUT PREVIOUS NOTICE TO MAKER AND MAY HAVE AN IMPACT UPON THE
CREDIT HISTORY OF THE MAKER.
The failure of Holder to declare this Note due and payable on the Maturity Date shall not
constitute a waiver of any of Holder's remedies, and the same shall be available to Holder until such
time as this Note is satisfied.
The words "Holder" and "Maker"whenever occurring herein shall be deemed and construed to
include the respective heirs, successors and assigns of Holder and Maker, and the term "Maker" shall
be deemed and construed to include the singular, as well as the plural, and the masculine, feminine and
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neuter gender, or vice versa. This instrument shall be construed according to and governed by the
laws of the Commonwealth of Pennsylvania.
EXPLANATION OF RIGHTS
A. I clearly and specifically understand that by signing the foregoing Promissory Judgment
Note dated even date herewith in the principal amount of TWENTY-EIGHT THOUSAND
FIVE HUNDRED AND 00/100 ($28,500.00) DOLLARS (the "Note") payable to Colleen
Camero (hereinafter"Holder")which contains a confession of judgment clause:
1. I will authorize the Holder to enter a judgment against me in Holder's favor, which
will give the Holder a lien upon any real estate which I may own, including my
home.
2. I will give up the right to any notice or opportunity to be heard prior to the entry of
this judgment on the records of the court.
3. 1 will agree that the Holder can enter this judgment without any proof of
nonpayment or other default on my part.
4. I will subject all of my property, both personal property and real estate, to execution
(and sheriff sale) pursuant to this judgment prior to proof of nonpayment or other
default on my part.
5. 1 will be unable to challenge this judgment, should the Holder enter it, except by a
proceeding to open or strike the judgment; and such a proceeding will result in
attorney's fees and costs which I will have to pay.
6. I know and understand that it is the confession of judgment clause in the Note.
B. IF I DO NOT SIGN A NOTE WHICH CONTAINS A CONFESSION OF JUDGMENT
CLAUSE, I UNDERSTAND I WOULD HAVE THE FOLLOWING:
1. The right to have notice and an opportunity to be heard prior to judgment.
2. The right to have the burden of proving default rests upon the Holder before my
property can be exposed to execution.
3. The right to avoid the additional expense of attorneys' fees and costs incident to the
opening or striking off a confessed judgment.
C. I fully and completely understand these rights, which I have received prior to signing the
Note and am clearly aware that these rights will be given up, waived, relinquished and
abandoned if I sign the Note. Nevertheless, I freely and voluntarily choose to sign the
Note, my intention being to give up, waive, relinquish and abandon my known rights (as
described in Paragraph B above) and subject myself to the circumstances described
immediately above.
D. I hereby certify that I, a signatory to the Note, which has a confession of judgment clause,
have earnings of$10,000.00 or more per year.
THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK
(Signatures to follow)
I HAVE READ THIS ENTIRE FORM AND
FULLY UNDERSTAND ITS CONTENTS
tea:
Witness for Dabis Camero abis amero
Date: Taj/ Date: �� ��