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HomeMy WebLinkAbout01-5050 $4362.00 ~rch 28, 2000 iNSTALLMENT PROMISSORY NOTE · PA New Oxford PA Fred E Killinger, Jr. no N Eas% St. Carlls19oimly FOR VALUE RECEIVED, the Undersigned Mol[ssa W Ell linge:~ hereinafter referred to as "Sorrower", ofz'z' to as "Lender", a Pennsy{vania and sere ely prom se o p y to the erda o ADAMS UTILITY SERVICES COMPANY d/b/a AERO ENERGY hereinafter referred Doll rs without defalcation, corporation with offices at ~30 Lincoln Way Eas, New Oxfo d, Pennsy van a 17350 the sum of ~[4362. ~)0 pe~cu~lt ( ~ .%) per annum, sha l payable upon demand p oALded, lhgt~til such demand is made, said amount, together with interest thereon at the rate of ?~t installmen s as follows ].5th day of each_ ro. onth thereafter until said princi Sorrower empowers the prothonotary or any attorney of If any installment of this note is not paid at the time specified herein, the entire amount unpaid shall be due and payable at the election of the holder hereof~ and failure to exercise this option shall not constitute a waiver of the right to exercise the same at any other time. any court of record of Pennsylvania or elsewhere, to appear for borrower, or any of them, and to cot~fess iudgment against Sorrower, or any of them, for the above sum with or without declaration flied, together with costs of suit and release o1 all errors a~d without stay of execufion, and tn case of default, with attorney's fees of f'ftee~ (15%) per cent; and with respect to any judgment entered hereon, each of the Sorrower waives in regard to any real or personal property levied upon, any right of apprmsement exemption or stay of execution under any law now in force or hereafter enacted, the right of inqu[sition (and agrees that any real estate shall be voluntarily condemned and may be sold under a writ of execution or other w~it), the right of appeal, and does release ali errors Eacfl of the Borrower and all endorsers wawe protest of th~Sh~O~eo, rrower intentionally, understandingly and voluntarily waives the following rights~ The right 1o have prejudgment notice and hearing pdor to the entn/of judgment B The dght tohave the burden °f pr°°f °n the credit°r and t° have the credit°r pr°ye default bar°re executi°n up°n B°rr°Wer's pr°party A The right 1o avoid the expense, including additional costs and attorney's fees, incidental and attendant upon opening or stdking a confessed judgment It is hereby cC~rtified that ~he precise residence address of Adams Utility Services Company and the Sorrower Adams Utitity Services Company Borrower: 230 Lincoln Way East my/our hand(s) and S~T~ on the d~' ar~y.,~s~t above writ, New Oxford PA t7350 IN I NSSS REREOfi ,nte d globe le,al,y bound, l,wehavea "ed ' (SEAL) (SEAL)