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Home My WebLink About06-1070 KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG, PA 17108-1963 MANUFACTURERS AND TRADERS TRUST COMPANY IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff CIVIL ACTION - LAW NO. Dl.. - 10'16 (!1~I'CT&L""1 CONFESSION OF JUDGMENT v. SHAULL EQUIPMENT & SUPPLY COMPANY Defendant CONFESSION OF JUDGMENT By virtue of the authority conferred by the Note, a copy of which is attached to the Complaint filed in this action, I appear for the Defendant and confess judgment in favor of the Plaintiff and against the Defendant for the sum of $1 ,625,278.80, and costs of suit. ~J Eugene E. Pepinsky, Jr. Attorney for Defendant by virtue of the authorization contained in the Note KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG. PA 17108-1963 Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW NO. Of. -/07D C?;u;L I ~ CONFESSION OF JUDGMENT MANUFACTURERS AND TRADERS TRUST COMPANY v. SHAULL EQUIPMENT & SUPPLY COMPANY Defendant NOTICE OF DEFENDANTS' RIGHTS Ajudgment in the amount of $1,625,278,80 has been entered against you and in favor of the Plaintiff without any prior notice or hearing based on a confession of judgment contained in a written agreement or other paper allegedly signed by you. The sheriff may take your money or other property to pay the judgment at any time after thirty (30) days after the date on which this notice is served on you. You may have legal rights to defeat the judgment or to prevent your money or property from being taken. YOU MUST FILE A PETITION SEEKING RELIEF FROM THE JUDGMENT AND PRESENT IT TO A JUDGE WITHIN THIRTY (30) DAYS AFTER THE DATE ON WHICH THIS NOTICE IS SERVED ON YOU OR YOU MAY LOSE YOUR RIGHTS. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER AND CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP CUMBERLAND COUNTY BAR ASSOCIATION 32 SOUTH BEDFORD STREET Carlisle, PA 17013 Telephone: (800) 990-9108 KEEFER WOOD ALLEN & RAHAL, LLP By: ~_~d Eugene E. Pepinsky, Jr, Attorney I.D. #23702 210 Walnut Street P.O. Box 11963 Harrisburg, PA 17108-1963 (717) 255-8051 Attorneys for Manufacturers and Traders Trust Company KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG, PA 17108-1963 Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW NO. O~ -ID"fD CIU;t-r~ CONFESSION OF JUDGMENT MANUFACTURERS AND TRADERS TRUST COMPANY v. SHAULL EQUIPMENT & SUPPLY COMPANY Defendant COMPLAINT 1. Plaintiff Manufacturers and Traders Trust Company is a New York banking corporation, successor to Allfirst Bank, with an office at 213 Market Street, Harrisburg, Pennsylvania 17105. 2. Defendant Shaull Equipment & Supply Company is a corporation, whose last known address is 100 Market Street, Lemoyne, Pennsylvania 17043. 3. On or about May 16, 2002, Defendant, Shaull Equipment & Supply Company, for good and valuable consideration, executed and delivered a Demand Business Purpose Promissory Note (the "Note") to Plaintiff's predecessor. A true and correct copy of said Note is attached hereto, made a part hereof and marked Exhibit "A". 4. The Note referred to in Paragraph 3 above has not been assigned by Plaintiff to any person or organization. 5, Judgment has not been entered on the Note referred to in Paragraph 3 above in any jurisdiction. 6, The Note provides that Plaintiff may confess judgment against Defendant for the full principal balance and interest, together with court costs and with fifteen percent (15%) for attorneys' fees. KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG, PA 17108-1963 7. The amount due on the Note as of February 15, 2006, is $1,413,285.92, Fifteen percent (15%) of said sum is $211,992.88 8. This confession of judgment is not being filed against a natural person(s) in regards to a consumer credit transaction. WHEREFORE, Plaintiff demands judgment against Defendant in the sum of $1,625,278.80, together with interest as may hereafter accrue and costs of suit KEEFER WOOD ALLEN & RAHAL, LLP Date: February 17, 2006 By: ~~~~ Eugene E. Pepinsky, Jr. Attorney 1.0. #23702 210 Walnut Street P.O. Box 11963 Harrisburg, PA 17108-1963 (717) 255-8051 Attorneys for Plaintiff FE8-22-06WED 10': 59 AI1 I1T8 SPEC IAL ASSETS. FAX NO. 717 255 2370 P. 02 02-21-06 17:40 FROM-Kaala, Wood AII.n & Rahal 7172558050 T-055 p.aOt/Ol0 F-S5S KEEFEFl WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET Pl;I BOX 1 'ge~ HARRISBURtl, FA 1710e,'963 VERIFICATION The undereigned Kenneth L. Milliken. hlll1lby verifies and states that: 1. He is Vice President of Manufacturlilr9 lIlnd Traders Trust Company. Plaintiff herein; 2. He is authorized to mike this Verification on Its behalf; 3. The facts set forth In the foregoing Complaint are true lInd correct to the best gf his knowledge. information and belief; and 4, He is aware that false statements herillln are made subject to the peneltles of 18 Pa. C,S. ~ 4904, relating to unsworn falsification to authoritieS. ;l1; ,,/ Of~ ~pi., - .' ~ ..... 1<enneth L, Milliken Dated: February ~ 2006 . iEB-15c06 WED 01:55 PH iii allftrst NTH SPECIAL ASSETS FAX NO. 7}? 255 2370 p. 03 .,A. DEMAND BUSINESS PUllI'OSE l'ROMlSSQIW NOTE $ t ,500,000.00 t'Qr~'Pentlltl,.~nla ( .ly) (Slale) ffi~ \... ..,) , ZL:c.lc.. FOR Y ALUI! RECEIVED, the Ilndersfgnc4 (UBorTOWCf") ptomisCl to P'Y to lhc Older of Allnnl Bank, 1II Marylalld stlle-eharltrcd tomllluebl blllk ("U:lI\k"), ot Balik's o{flces at J U3 N. Gt'I>>'CrSJ,ul, York. Ptllnlyh'll\h, 17404 or at sllch olher plll~c u Blink may from lime. 10 lime designol', tho principal SUIIl of Dill' MlIllon Five lIumlnd ThoUland anll 00'100 Oollars($1,50Q,OOO.OO),or such other qmo\lnt as llUly be advanced {ram lime to lime 10 Borrower, logtlhcr whh inlerest lhereon ul the rule or rates herCIlll.cr specified and any and all other rums which may ko owJng lo Bank by Borrow~r pursuanl to this PromlssOlY Nole, The followinlllcllll. sll~!f apply lolhis PromissoryNOI/l, 1. INTEREST, From the dale hereof unl;laU sums due h~mlcr, Ill&luding plIDt!JpaJ, Inleresl, eharses, fees and exp~lscS arc paId In full, lho princill:ll llImllml outst4nding from litrnllo lIme purslIIIJJllCl this Promluory Nole Ihall bear inlerest II followlI; , Fluelllallng Rllt.AI a fluclUlltinj rate equal to 0 % per annum above the !lUlerof. (I) thai rille announcc<l from dmc*, time by [)IltIK,u il.i 'pi;mc ralc" or (ii) lhc average ralc, rounded 10 the ntarest IIIOth of W., for J.monlh maturllY dealer plllCeo commerclaJ paper ('CORlIl)cre\BI ~apcr Rate') ,for Ihe week,musl recelllly reported in (he fcderlll RtfCrlc SUltlslwal Release Nt;lR 15(519), eRtillca .Selecled lnle'e~t RIUes,' or BRY luececcJmg, publ!caUon; provLdcd lhnc 1IlC rntm'St ~Il lhls promluoJ)' Notc shall ncller be less than Ihe rale thai IS 1% per annum above lIle CommercIal Paper Rale. Bllnl.' at!l.J dlscrcllOn mJlY eh~r8C II ,lesser nI\C from lmle to lime. Inleresl on the principal amounl Olll.ilandin~ dtal! be Ildjuned dail)' wiih 1M rale for each day being the rille lR effi:el al UIC close of busmcss un Ih~l doy, lJ;lnk make~ loafl~ alllllereslllllcs at, above IInd below ns prime rale, 2. CALCULATION OF INTEREST, Interest &hall be calculllttd on the basis ofa three hundred sixty (160) dBYS per year fuetor Jlpfllied to lhe aClu~lllIlIllbcr of duys all which there exists an unpaid balancc hereunder, ' J, HEfA YMENT, Borrower shall make paymcnlJofprincJpaland Interest a.s follows: (a) rril1clptl: BOlTow,r shan make paymcms of prlne;~lln full on demlllld by Bank, which may be made at any time, withoul noUcc, and without rO/;o,'(/ (0 whelller a defaolt has occurTed, ' (b) JlIter st: Borrower .hIlll make moolhl)' paymC'ttls of all aCCruCd and onpaid intercston the _\",~.."t da)' of each soeeessl~e monUl, beginlling un . 20tJJ.. and ~Inuing unlil dill malllfily of this Prom;sSDl)' Note (whether upoL1 demaJ\d, sluled mllturity, LlcederuUol1 or ollerwlse at W Ie I me sllm'~undu. lncJU(jjfllprifleipal, Inte1Ctl, charges, fees and C'kpenstJ, shall be paid In filiI. AU amounts owed 10 D/lnk hcrtllrnkr sJWJ be pay.ble in imm<<lialcly available funds as billed 4. LATE PAYMENT CIIARGE,1ftny payment due hereunder (lllt'uding an)' payment in wltole or ill part ofprincip"l) Is nm received by Ille holder wilhin ri(\ccn (IS) elllcndal days aller ils due dale, Borrower Ihall pay a lale payment charge eqllllJ IQ live putMl (5%) of tile amount lhen due, s. CONPOOION OJI JUDGMENT. Borrower IrrtvouUy and unconcJitlonlllly lulhor\:i:u antJ empowers afly IIUornty admlf(cd fo flflellce berm.c HII)' WUrl orncord 'Rlhe Uniled Slales 10 appear on lx:balfofBorro\\'tr In .ny courlln one or Dlore proc<<dlngs, or bdm.c fill)' clerk lllHcllfllr III'o11l01l111;II'y or other cl)urt omelal, amI 10 appear for, tonrefl and tuler jOdgmeUI.glllmt Borrower lit all)' lime, whether belllrc or lifter tile oeCLItl"enre of Illly ddllull htreUlllltr, wJlll or willlOll1 averment orddlull, with or wilholl! cOlllplalnlllled, and without v.rlor nollee to or oppurlunlfy of norf'{Jltn f(Jr Ilflol" l!ctlrlll!(, III fllvur of Dank In th~ fullllnolml of lhe IndtbltdutU evidenced by illls Prom/nory Note (lllclllding prlnelpal, aeeruclllnlenst IIllcJ Ill)' hUtl nil Chlll'l~e.~, fen ,ulIl et(ICllg~l) pIUS ((Jurt eVlt" pJUJ .1J0rn~y,' feu equal to fifteen peretllt (150M oflhe ullpaltl balance ofpl'lndflol, JI\ICl'ut,chlll'gU, and olh~r illlll~' 111ft? U/' lYlIkh ma)' become tJue hcrcuncJer, willi releueofall erroruncJ wllhout rlglll ohflpeal, en lldUillou 10 Ill/QUltr (0111'11 JJl wblelJjlltlgllltILlllIay be COUfHltd 1111lLJI\.~t DOrrO\\Cf ullon this "roml5loryNolt, U!lrrawer Rgrcutll"1<tUllt J.JldJllrllllklloll shall be proper Inlhe couru of ally coun(y or tlty of lhe CU1Il11lUlllnlL1I11 uf J't'llUyh'llnfll or III the United SI'te! Dblrlcl Courl for the Ml(jdle Dlslrkt ofPennlyl~anll, Uorrowtr wlI'vcllIte llclIcCit 0/111)' 'Wl! tVtl')' ,'l!ililh', lln.lilullll'r, or rule ofeourt, whether now In force or hereinafter cnllefed, which m.y be IdWfully wllJvcd conferring. upon 1J0Jl'own Any right orJ1rl\'llrgc of nellllltlllll, 'wllleslclld rlf!;hl', IIpf/fIl/'Cmt,lf, Jf.y of neeullon or supplementllty proetedlngs, or other nlirf frolll the tnforceUltnt or hllll\'t iller ell{ulwU/CIII {If II jllligulent or rchlecJ llroctedlngs Olllt judgment. (ro Ihe extent prolllblled by allpfleable 'aw, auy judgmellt oblll;llcll by tOlJf~ullllllll~lIllot ttlll~titlll~ II "CIIOIl AllY real properly Joelled In fennl)'fvania whlcls ,. tIll': f"e.illcnee of afl)' Dorrowr.r.) The lIulhorlly lInd flower 10 alll'cllr fill' llllU cnler Julll:lllelll 1lI:lL1rl~t DorrOltrr SIll'" litH be tdl.lUSftd by one or mort tltrclscslbeteof. or b)' an)' hnptrfeel u.crcllt Ihertof,allU shall 1101 lie nilllgulslled by 1t1'1 JI/['I~mt'lIl t'ulrnd 11llrsuanllhCrtto; lueh authority fllId power may be tl.erelndon one or lnoreoeellriu/1C (rem time to llmt, III tl.ll'Ulllt or IllfrtrelLtJlIrlscJicl Oll~, :1., ol'lCIIII~ the lllhJrr Ih.ll tJttln n('enlary or .d..I,RWt, nORROWER IU:lumy ACKNOWU:.OGES TIU,l' TilE CONIIESSION OF JUOGMENr 1'ltOV'ttroNS IIltREIN CONTAINED wlllor AFFECT AND WAIVE CERTAIN LEGAL IlIGIITS Of DOIUWWEll HAYE mmN JWAD, IJNlJ~:mrroOI> ANI> VOl,UNTAIULY AGRIi:ED TO bV BORROWER, 6, AI'PUC\.f10N OF PAYMENTS, All pa)'menls mlldc pursuant 10 this promlssol)' Nole shall he appJiecJ first \0 accrued ami unpaid iU!erell, (heu!to unpai<.l C~liCIl>~'<; BlIlI charges poyablc hereumler, and then 10 prineipal,or in such 0 lfterorderorproportJonaslhcholcJcr,inlhl:holdCT's.\.olediscrelionlmay cicci flolll!ill1elu lilllll. 7, SECURIT\'. Sum! d\JC limier thi" Proml.s5Cry NOle ate seeured by, and Borrower pledg(', Illld grants to Bank ~ sc<:udly illtere~t tn, DIl cJeposil aCelllTllls .Ull! (k[lu~il.~ or properly of Borrower IIOW or at any hmc hereal\er In the possClsion of or on deposil with Bank whether as euslOdiM or depcsilory or III an)' olher elllHleily, Security Agrttnll~nt(.) 8. DEFAULT. Any of the rollowing win bG" defaull under (his Promissory NoIe: (lI) fllilU1e to PllY aR)' principal, expense, charge, fee or inle~esl wlletl due, or rllilllfctll perform llny cUJer ol:>lJg.:Ilil>>lJ hereunder; (b) . default by Ilny Borrower upon any of the exisllng or Mure obligation.\. of allY Borrower 10 Hunk; (c) II delimit by /IllY gUal'anlOr or otlter person that i, now or herefln.cr liable ullon or In eOllllection wUIt 'RY oflhe obU,Dllalll a( any BorrowCT to Balik or thlll hilS &rllnleu llllY llell or seeutlly lnltrest 10 or for lite bellefit of Bank 10 secure Illy orlm; oblii/ltionl of any Borrower to l3ank {"Ollter Oblfgor"), upon aRY oflhe e)(iSling or fulurl.l Ol1llt\lIll'\IIS o{llny Olltcr Obligor 10. Be,llk, (d) I default in any oUlCr agrecmeRl, iRslrument or doeumenl belween any Borrower or Olher Obligor and Dunk, or OilY torpoJ'Jllc nrhll>ltc of HUllk, mcluding, without IimllallOn, any security documen( referred to above, wllelher previol/$.\l' Mmultuneousl,y, or herenller enlercd inlo.l(e) II malcrluludverse Chilli!;'"' Inl\ic financial condition of Bn)' l3Duowet or Oilier Obligor (roll\ th81 ex.r.relsed In the fil'l&neia statement most recently ~ublllilted to BOll prior (0 (he dale of lItb'l'wmlssmy Nole, as dctermfnetl in good faith by Bank ifl its sole discretion; ~I) irlSlItutioll ofbllllkruptcy, insolvency, teargalli21l1ioll Of reeeJvership pfocecdln\:s by or ugllill~l any BOrrower or Olher Obli~or in any Slate or federal coon; (g) l!Je IIpptlJn1ment of a receIver, ossignee, cuslodilln, lruslce or similar official uncJcr Oily l'cdem[ or ,laIc insolvencr or credItors' t1gltl. law for any property of any Borrower or Other Obligor; (h) failure of any Borrower or Ocher Obligor ta (umlih Iv Dan);: ,lllJ~h elllllllcl:l! fir atldlliono collateral as Bunk may In good faith rcquest; (i) any Wlrtalllj' rC/lfcicnlalion, or sttJ!emenllo Bonk by Dr on behalf of OilY DOIrower OJ Other ObligM Ilwvlnl:\ 10 have becll incorrect in lIIlY mlllerJaJ respect when made or (urnlshed', OJ the oecllrrence of any event whieh is, or woulcJ be with the: pustage of (I mil or (he r,il'lllg or I]()lice or bOlh, a deralllt under any irtdebtcdllen of ony Borrower or Other bblijor to any persoR other i/tl1nllunt; {k) /Ill)' mlllcrwJ Joss, lhcf'l or sllh~I;\l\lit\1 cJallluge, '111\ flltly ln~ured for Ihe benefit o( Bank, to my or lhe ftlSelJ of any DOITowcr or Olher Obltg:or, or the sale,lransfer, lease or enelllllbrullce or other disposition uf IlII llr ~ny mnteriul pllrl of lhe asse15 of any Borrower or Otner Obligor olher than in the orcJlnary course of business of Borrower or G{her Obligor; (l) IlK.': cullY of 1I1lY film) jUl.lgtlle!lIIlMlllil~t \In}' Hor~ower or Olher Obligor for the laymen, oemoney in exceu of $5,000; {m) riw levy uptJn ()f JlllnchmenlM any assels of UllY 13onowcl' or Dlher Obligllr; (11) lhe recordatIOn of any federal, slate ar Joe.! lax .lIen against any Borrower or 01her Obligar; (0) a change of ownership or dissoluLioll, Inerger, consolidl.ltiml, !illuJl/rJli!lllllf reorganizBlion of any Borrower or Other Obligor which ;s a corporatioll, pal1nership or oUter legal enaw; (p) Ihe dCIIIII of imy IJwlowrr OJ Olher Oblie!); who is u nillurul person; (q) fuilulll of nny Borrower or otller Obli~or 10 furnish 10 Bank $oth fimmcl111 inrormalion asl3ank may require froillllmc 10 tilllei or (r) the JclermiIl0lIillIl1lll:110,J faMI by J3.allk, in ils sole discrelion, lhat the ability of uny BonowCl' or Othcr Ob1ieor to payor perform any oflhefr lc~pccli~e obiigallolls l.:r Harrk is JI/l/l,'IJrcd I'm M)' rellSon. 9. REMEDIES, UpOll B derllUI~ III addition 10 all oilier rights and remedies /l.vailablo 10 Dank under lIny olher document or allreemclll belwcen nllnow~I' Iln<.l {lunk (II' under applleable luw, the Blink, in Ihe Bank's sole dlscreLion and without notice or demalld, may ea) raise lhe rula of inlercsllleewing 011 lhc IJIlplJJcJ bal:Hlce !.I\'C llllJ~r Ibl~ Pwmissory Nole by two (2) percenlage poln!! lIbtl'l'~ HIll rale of inleTClf olhuwi$e lIpplicable, Independenl of whelher the !lal1k e1ecls 10 ~eeelemlc lhe Ulljlllid principlli balance as D rllslIll of such dcfault; and ~b) deeJale lhe enlire uRpaid princIpal balance plusacerued jRtere~t and 1111 olher ~OITtS due IlcrelltuIcr immcdillldy due /1m) pl>yubk Bot/ower agrees lhat a derault under thl! ~romlssory Nole fs a default by Borrower under-all ollt{!f !ialliWill) Dnd obJJguLlonl or (Jorrower tu Blink, and lIulllhc Bllilk sllllll ha~e (he rigM (0 d.xll1re ill\ln~iB:lcly due arW payable,&]1 of $-ueh olher liabilities an~ obBgaliom'. BOrrower walvcs any rlghl or c1uim \0 cause U ll1urshll!1illg Oflhc a~~ds of Borrower or allY Othcr Obligor, 10. INTEIlEST RATE: AFTER JUDGMENT. J{!'udgmenlll entered /IgsJnst Borrower on this Promissory Note, the amount of the JU"lllllent enlered (which lUll)' include principal, !nleres~ charges, feCi, lIncJ expenses shall bc~r Interest at the hi,her of the 800vt described derllo1\ illleresl rale liS ue(elllllned un (110 dUle MIlII; (:/lI,y of lhe jud~ment, or lhc legal rate oflnltrcst then applicable to judgmenls in thejurlsdll~lion in whichjivJ,jlllenl was enlereU, II, SET-On', Bank dl~1l hllVlllhc TJell! 10 set-off Imd appl)' ag.ainsl the obligations of Borrower to Blink evldeneeJ by Ihis Promissory Note olll ~\IIHS of (l(ll!uwer lI( ~ny lime on deposIl wilh Bank whether such deposils arc special, lime or demlllll$, pro~isionlll or I1nal, ~nd BorroWer ItCfcby plc-dees IIluJ gtlJ/l!slo J llllk 11 s,:clIrlly intercst III all such dcpo~lli, JJ. EXPENSES OJ.' COLLECTION. Borrower shalt pay 011 costa and expense. Incurred by Dank In colleclinllulIl! due under lhis ProlOi~sory Nole, illdlldiuc W)JJIOIII limilationlheeo&\sofanYJien,jucJgrnentorotherrecordsCllrthu,appra/sals,{raveltKpcnses/tndlhclikt.llladVrJoJl,Jfthis[lromissoryNoleisrcrCl'fcdlClnl1:llImllcyrl!t collectio~, whether or nol judgmem haJ bew oonft'$.5cd or suit h~s been filed, Borrower shall pay all of lile Bank's costs, fce$ (lIldudilll!, bul 1101 lillllled hI, (he Jl~tlk'~ allnrneys fte~, charges BOld e~penses) and pll olher eXpl:Rselresultlng (rom such tererra!. 13. NEGOTIAULE INSTRUMENf. Borrowtfallrecs lhaj Ihis PrOlll!nory Noll: shall bc cJeemed to be Q Jlcgotiable instrument, c~en Ihl.lllgh \IIIS rl'Ollll~SlllY Nole \lI11)' nOlquaJiryullderapplieablelllw,.bsenlthisparagraph,asanegotiablehl5trumenl. ' 14. W AlVEUS. Borrower, aRd al1lH1rtleslo Ihis Promil5ol}' Nole, whether mBker, endorser, or IlIl.9fl/nlor, wlllyc presentment, cJ'o\l1I11nd, nolice of cJishllllor Ilntl pll1\esl. I!$. EXTENSIONS OF MATvnnV. AlJpa.rUeJ 10 Ulis Promissory Nole, whether maker, endorser, or guarantor, agree thft! the molmily ufthls [ll<lm;sl;(lI'l Nok, or !Illy (llJyment due hereunder, may be tkleRded allny lime or from lJme 10 time wilholl! releasing, dischaql,ing. or ~rfcclittg Ihe liabiliJ)' of such pany_ 16, NOTICES, ,ARY ~?tiee or demand required or pcnniUed I>}' or in emmeetion Wilh thls Promissory Nole, wilhoutlmplylng Ihe ob\ig~liolllo (ll\JvicJc IIny 11\II!cc III demuRd, shall be 111 wnlmg III the address $el forth below or 10 such olher address as may be hcreaner speeil1ed by written nOllce to Clank by f)ofI't/WCr, Au)' ~(I~h Iwl!cl.' 0' del,:and shall be deemcd 10 be effective as of lite dale o(haRd delivery or rllc~imJle ltllnsm;sskm, one (J) cJay ancr l.hsj1ateh If sent hy tele!;rnm, llmlllbfnlll, o~crililblit delivery ~r ellpress mall, OT tJ:rre (3) .day, .f'ler mailing lfsent by lint claS! mail wUh poslage prepaid, 17, ASSIGNADlUT\', Thll Prom15.sory NoLc ~y be: lI5si81lCd by DIRk or any holder al any time. Dorrower Ih811 not h:.vc IJlr rJght 10 DSli/:n lis rights h~1 ellllcJct' 01' llll)' Interes\! herein Wilhou( the prior wrlllctr consent ofBanlc, 18. JOINT' AND SEVI!:RAL LlABILlTV, If more than one person or enUty is CJltcuiillg lhis Promissory Note a5 Bor,owcr IJllliabiJiIk>~' (Iull.:r Ihi.~ I'TvmissIJf)' Nol( shall bc:jolnt and soveral with rC$peel 10 eachofsuehpersonrorentitict. ' 19. DlNJ)JNG NATURE, This Promissory Notl) shall Jnure 10 the benefit o{ llRd be cRforccllb\e by (lank and BlIllk's SI.lCCIls.orlllml miglls llntllJlIY (11Irer pent/Ill< whom Dank may IlrllRt an inlecestln Borrower'! obllgations to Bllnk, and shaH be binding and enforceable 1IGIlillSl l}ormwcr /lnd \loHowcr's pcr~oll,ll rqlrcscllliltivc~ sueeessorsandatslgns. 20, INV Al.mny ,OF ANV PART, IfBny provision orf~rt of any provision orlhi, Promissory Noto sholl for any ,cason be hdd inVlllid, iIlc{lul or lJ/wnlilrcc;lltJe JIJ nil' respect, sueh m~ahdllY, Illegality or unen(orceabUity 5hal no( affect nnr olller prOViS/DII$ of lhis Prosllbsory Nol.\\ and lhis l'romissolY Not.: shill! be enll~lruc<.llls ir Sue rW-jO-UbWJ:l) U1:57 PM MTB SPECIAL ASSETS FAX NO, 71.7 255 2370 p, 04 invalid, illegal or unenforceable provision or part thereof had never been contained herein, but only to the extent of i13 invalidity, illegality or uncnfofccubililY. 21. MAXIMUM RATE OF INTEREST; COMMERCIAL LOAN. Nolwithst,nding any provl,ion of thi, Promissol)l Noto 10 tho conli1ll)l, Borrower ,hall nul be obligated to pay interest hereundl::r in excess of the maximum rate of interest permitted by the Illws or any slAte determined to govern this Promissory NOle. or lll..: laws of lhe United StaLeS a~plic.able to loans in such state. If !loy provision of Lbis Promissory Note shall ever be construed to require lhc payment of any amounl of illtcrcSlln excess of that pCrlmUcd by applicable law,then the inlerest to be paid hereunder shall be held subjccllo reduction {o \!Ic amount allowed under applicilbl~ law, llnd any iiums paid in ex.ccss of lhc inlerest rale allowed by law shall be applied in reducliol\ of the principal blllanc\; outstanding under lhis Promissory Note. Umrawer acknowledges that il has been contemplated at all limes by Borrower that lIle laws of1.he COIDmollwealtn oflJc.l1usytvlInia will govern lhe maximum rale of inlerest lhal il. is pcnnissible for Ihe Bank to charge Borrower under this Promissory Nole. Borrower warrants lhat this Promissory Nole evidcnces Q loan made so{cly 10 acquire or {o carl)' On a business or commercial enlerprise. 22. CHOICE OF LAWj CONSENT TO VENUE AND JURISD[CftON. This Promissory Note shall be govcm<:d, <:onslrucd and interpreted jll accord,lIlcc with lhe laws of lhe Commonwealth of Penns)llvania, even if the l'euns)'lvania rU\~ governing eonfHels of laws would otherwise require thillthe luws of t11\olllcr jurisLlklioll f::ovem this Promissory Note. Borrower cons~n1S 10 Ihejurisdiction and venue of lhe courts of any counly or ti1y in ,1\1: Commonwealth or P~IIIl,)'lvllllht, lllld lo the ~ucisdictlon and venue of the United Slales District Court ror lhl: Middle District of Pennsylvania in any action or judiciill procccllinG brought to Cllror~c, comlnlc or mtcrprclthis Promissory Note. lJ. UNCONDITIONAL OBLIGATIONS. Borrower's obligaliD/ls under this Promissory Nole shall be the absolute ~I\d uncondiliollill dulies Q,nd obligilliolls ot' Borrowtr and shall be independent or any rights of sct.off, recoupment or counterclaim which Borrower might otherwise have sg::linsllhlJ Dank, ilmI l3orrow~r shall pay absolutely lhe payments of principal, inlerest, fees, charges, and cxpens~ required hereunder, free of Bny deductions and without ubalement, diminulioll or sl.:l-off. 24. ACfIONS AGAINST DANK. Any action brought by 130rroweragainst Bank which is based, dirccl/y or indirecll)', 01 In whole or in pUll, upon Ihis PlomissOI'Y NOle or llny mallcr relo,ted lo !.his Promissory Note shall be brought only in the courts of the ComDaonwulth of Pennsylvania, J5. AMENDMEIVTS, NO WAIVER, ETC. Thi, Promissol)l Nole may be amended only by a wriling duly e,"cuted by Borrower ,nd Bnnk. No w.>ivcr by Ilank uf nny of the provisions of this Promisso.y Note or any of the ri&hts or remedies of Bank with respect hcrc~to shall be effeclive or enrorccabrc unless in writing. No IfldulqCII~C or delay on the part of Bank in exerCising any power, privifege or right hereunder or under any olher agrecn\l:nt execuled by Borrowcr to Dank in conneclion h\:rcwllh shall operale as a waiver thl:reof. No sinill; or par(ial eXercise of Bfl~ power, pril'ilegc or right snnU precJude other or fUMer exercise \hcrcol~ or lhc exercise of I1IlY olher powerl privilege or ri~ht. No conduct, cuslom or caUlse of dealing shall be effective to waive, amend, modify or release this Promissory Nole or I1ny of the terms ani! conditIOns huco!. ThiS Promissocy Note constitutes the complete and exclUSive expression of !.he tc:nns of lhe ngreemenl betwecn the parties wilh rcspccllo Ole $.\lbjcct maltcr set forth herein, and supersedes all prior or contemponmcous communications between the parties relating to the subject maUer of this Promissory Note, 26. OTHER W AIYERS, ETC. In the event B'nk has been granled alien or securilY interesl " cellateral for the amounts owed undor !hi, Promissory NOI. by . pnrly olher (han Borrower ("Other Collateral"), Borrowcracknowlcdgcs and agrees that the. docurnenLs evidencing iuch ticn or 5.l:curity interesl may modifr cxiSlill~ Iij,W nnd modify, wa.ive or explain the rights and duties of the parties thereto. To the exlcnt Borrower qualifies QS an 'obligor" wilhinthc mClIniull of the UI1In.mn COllllllcrclal Code..Securcd Transaclions, as amended eUCC'), or any similar law of any olher sli:llC or territory wilh respect to lhc Dlher Callaleral and, as a result thereof, the UCC or simihu law confers any righls on Borrower or imposc:s any duties on Bank with res~ct 10 Borrower, Borrower agrees lmu such righls. and uulies hi1vC bl:e.11 R\\lJincdl waived or explained to lhe same extent. and In thC same manncr, lhat the party prOViding lhc Other Collateral has agreed to modify, waive, or explain ilS eorn:spollding righLs and/or an)' corresponding duties owed to it by Bank, J7. WAIVER OF JURY TRIAL. Oorro,,"r (by ""utlon of this Promluory Nole) and Osnk (by aeeepta.ce of Ibis fronllssary Nole) .grec/hn/ .oly ,all, aeHon, or proc:ce~ng, whelher c:111m Dr eounterc:lalm, brought or instituted by Borrower or Blink 011 or with respec:t 10 this PromissQry Nute Ul' wlilc:h IIIIUI,V way rellln, directly Dr indirectly, Co Che obllgationr DC Borrower to D.IIDk ullder tbil Promissory Nott, or the dealings DC tbe JlarUes with rcsllecl therdu.shllll be tried only by a Judge IInd not by Jury. Borrower Ind Bank hereby eiprusty waive any right to a trial by Jury In any lueb luil, Rellol!, 01' IlrOCtrtUng. BorroMr ani! Dank aCknowledge and alrec tbat Ihis provision ls ..spc-cHic and materiallllpcct of lbe agreelllcltt between tbe parties IUI\I that D:lllk wDullJ not cnter In'o the tranlactloD with borrower If lbil proVlJiOD were not a part oftlleir agreement. IN WITNESS WHEREOF, and intending to be JegaJJy bound hereby~ lhc undersigned execule this Promissory Nole ul\dcr seal, as Uorrowcr,lU of Ihe dlllc lint wriltcl1 above. . WITNESS OR A 11'EST': 'NOIe: Atle'lalion of a corporSlC oflicc~s capacity 10 sign by another ~~'""~-=: (Slgnalure) . rJt~nc-.... _I "!l..- (PrlntNwne) 6- -__._ BORROWER: Shaull Eq 'pm.nt . '1--. .' S: (Authorize Signer) l ,:I~~ \....."1 t.-.u....'^- ~ ~: ~oC.-h (PrintNwne and Tille) :':.~ -".e (SEAL) Address: 100 Market Streel Lemoynt, Penn.sylvania 17043 Telephone NUIIlber: Federal T.. lD No: () . ~ \.> -- AJ 7'-B-.. ~ t \t- c> - - "i -J 0"i}.) r (f\ ~ f.f\ D ""\ \l -.{) +- '::5 -4. +- \U -----t..... - . ~ . ,--'l -V.~ C' ~ '. '.,. . . l..... '\ --- --' - KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG, PA 17108-1963 Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW , NO DL. -/676 C;uL'1'tJLhI.. MANUFACTURERS AND TRADERS TRUST COMPANY v. SHAULL EQUIPMENT & SUPPLY COMPANY CONFESSION OF JUDGMENT Defendant NOTICE To SHAULL EQUIPMENT & SUPPLY COMPANY, Defendant You are hereby notified that on February:J:1 , 2006, judgment by confession was entered against you in the sum of $1 ,625,278.80 in the above captioned case D'ted' F.bru,~~, 2006 is; {t, --/.;; ) J:2 '&- Prothonotary 4 YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. CUMBERLAND COUNTY BAR ASSOCIATION 32 SOUTH BEDFORD STREET Carlisle, PA 17013 Telephone: (800) 990-9108 I hereby certify that the following is the address of the defendant(s) stated in the certificate of residence. Shaull Equipment & Supply Company 100 Market Street Lemoyne, PA 17043 ~ ;;? v- Attorney for Plaintiff(s) KEEFER WOOD ALLEN & RAHAL, LLP 210 WALNUT STREET PO BOX 11963 HARRISBURG, PA 17108-1963 Plaintiff IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW MANUFACTURERS AND TRADERS TRUST COMPANY v. NO. SHAULL EQUIPMENT & SUPPLY COMPANY CONFESSION OF JUDGMENT Defendant NOTICE SHAULL EQUIPMENT & SUPPLY COMPANY, Defendido Usted esta siendo notificando que el_ de February del 2006, se anoto en contra suya un fallo por confesion en la suma de $1,625,278,80 en el caso men cion ado en el epigrafe. FECHA: February _, 2006 Prothonotary USTED DEBE LLEVAR IMMEDIATAMENTE ESTE DOCUMENTO A SU ABOGADO. SI USTED NO TIENE UN ABOGADO 0 NO PUEDE PAGARLE A UNO, LLAME 0 VAYA A LA SIGUIENTE OFICINA PARA AVERIGUAR DONDE PUEDE ENCONTRAR ASISTENCIA LEGAL CUMBERLAND COUNTY BAR ASSOCIATION 32 SOUTH BEDFORD STREET Carlisle, PA 17013 Telephone: (800) 990-9108 Certifico que la siguiente direccion es la del defendido/a segun indicada en el certificado de residencia: Shaull Equipment & Supply Company 100 Market Street Lemoyne, PA 17043 ~W7.,L Attorney for Plaintiff(s)