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HomeMy WebLinkAbout06-4732 .. , ('J6. Olb- 471> ~ C1;. , +<.""'" JUDGMENT NOTE $70,000,00 August 11, 2006 FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of Donald E, Garber, the sum of Seventy Thousand Dollars ($70,000,00), together with interest at the rate of 7% per annum, The undersigned shall pay the sum of $465,71 on the eleventh day of September, 2006 and on the eleventh day of each month thereafter, until August 11, 2011, on which date the principal balance and all accrued interest, shall be paid in full, The undersigned shall have the right to make payments on account of principal with no prepayment penalty, Upon failure to make any monthly payment when due, the principal balance together with any accrued interest shall at the option of the holder and without notice become immediately due and payable, To secure payment of this Note, we hereby authorize and empower any Prothonotary or Clerk or any attorney of any Court of record to appear for us in such Court, at any time, before or after maturity, and confess judgment against us in favor of any holder of this Notice, without the filing of an averment of default, with release of errors, without stay of execution, and for such amount as may appear to be unpaid thereon, together with costs, and in the event of default, attorney fees in the amount of five percent (5%) of the unpaid balance, and we hereby waive and release all benefit and relief from any and all appraisement, stay or exemption laws of any state, now in force or hereafter to be passed, By the acceptance of this Judgment Note, Donald E. Garber agrees that this Judgment Note shall not be deemed or construed to be a purchase money mortgage and that it shall be inferior in both lien and payment to a certain Mortgage and Note of even date herewith given by Lee R, Seitz and Judith A, Seitz, his wife, to Americhoice Federal Credit Union to secure the principal sum of $312,000,00 as therein recited, and . . that any judicial sale had by proceedings on this Judgment Note shall not in any way affect the said Mortgage and Note given to Americhoice Federal Credit Union, ~~ LEE R, SEITZ , - Mr. IJa1ald E. Garber 3716 Hunting Ridge !ll:<rl windlester, VA 22603 Mr, and Mrs. Lee R. Seitz 9 sooth Washingtoo street ~csbJrg, PA 17055 - l' . . DISCLOSURE FOR CONFESSION OF JUDGMENT WE ARE EXECUTING, THIS nTH DAY OF AUGUST, 2006, A JUDGMENT NOTE FOR $70,000,00 OBLIGATING US TO REPAY THAT AMOUNT, INITIALS: ~ ~ A REPRESENTATIVE OF DONALD E, GARBER HAS EXPLAINED TO US THAT THE NOTE CONTAINS WORDING THAT WOULD PERMIT DONALD E, GARBER TO ENTER JUDGMENT AGAINST US AT THE COURTHOUSE, WHETHER OR NOT SAID NOTE IS IN DEFAULT, WITHOUT NOTICE TO US AND WITHOUT OFFERING US AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF JUDGMENT, AND THAT THE JUDGMENT MAY BE COLLECTED BY ANY LEGAL MEANS, INITIALS: & ~ IN EXECUTING THE NOTE, WE ARE KNOWINGLY, UNDERSTANDINGLY, AND VOLUNTARILY WAIVING OUR RIGHTS TO RESIST THE ENTRY OF JUDGMENT AGAINST US AT THE COURTHOUSE, AND ARE CONSENTING TO THE CONFESSION OF JUDGMENT, INITIALS: L~ ~' WE CERTIFY THAT OUR ANNUAL INCOME EXCEEDS $10,000,00, THAT THE BLANKS IN THIS DISCLOSURE WERE FILLED IN WHEN WE INITIALED AND SIGNED IT, AND THAT WE RECEIVED A COpy AT THE TIME OF SIGNING, l ~ ~ ~ "'Q - ...l ':l - , 2 ~ Q, ~ g; ...:;,,, ~"fi '; -c,-~r ~ - ',~\..'( c,,-, ~\11 .....s:-, "'~.~ .,' 7";- :,,~ "'.n.~ ....J S:?\ ' ~ V\, ~.'-,. ",.: \2C' .'-c.""< ~ ;,:0 <:::> C> <;];,~:. 20 ~ ::> t;{" ).. - PC: - "'I ~ -;Z, .' ~ -." - -< f'oJ .~ l + ~ ~ r.... <" ~~ ~ - ~ DONALD E. GARBER, Plaintiff VS., - LEE R. SEITZ and JUDITH A. SEITZ, Defendants IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. 06-4732 CIVIL TERM C""J r PRAECIPE TO MARK JUDGMENT NOTE SATISFIED c T x -- G TO THE PROTHONOTARY: Please mark the Judgment Note between the above parties, dated August 11, 2006, in the principal amount of $70,000.00, and recorded at the above-referenced term and number, as SATISFIED IN FULL. DATED: C;-:51 Nola, a.., CLECKNER AND FEAREN i By 1 Ann E. Rhoads, Esquire PA Attorney Id. #49631 119 Locust Street P. 0. Box 11847 Harrisburg, PA 17108-1847 Tele: (717) 238-1731 Attorneys for Plaintiff, Donald E. Garber DONALD E. GARBER, Plaintiff Vs. LEE R. SEITZ and JUDITH A. SEITZ, Defendants IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO.: 06-4732 CIVIL TERM tz? PRAECIPE FOR ENTRY OF APPEARANCE Z'n = To the Prothonotary: r f Kindly enter my appearance for Plaintiff, Donald E. Garber. CLECKNER AND FEAREN Dated: IQ, By _ 2 . Ann E. Rhoads, Esquire I.D. No. 49631 1.19 Locust Street P. O. Box 11847 Harrisburg, PA 17108-1847 Tel: 717-238-1731 Fax: 717-238-8481 Attorney for Plaintiff