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Home My WebLink About06-4787 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. Ol- - "'I1?7 C'ulL'--r~ vs. J & J HAULING, INC. Defendant Confession of Judgment CONFESSION OF JUDGMENT Pursuant to the authority contained in the Warrant of Attorney, a copy of which is attached hereto, I appear for the above Defendant and confess judgment in favor of the Plaintiff, Sovereign Bank, and against the Defendant, in the amount of $65,319.02 plus per diem interest of $1 0.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) as follows plus costs of suit, itemized below: Un aid Princi al Amount Interest to Au ust 8, 2006 Late Fees Contractual Attorne Fees (10% TOTAL Per Diem Interest from August 9, 2006 until paid in full (including interest post 'ud ent er contract) Ius costs of suit. $ 52,977.38 $ 2,089.35 $ 4,745.62 $ 5,506.67 $ 65,319.02 $ 10.65434 Dated: August 10. 2006 By: ---- Judgment entered as above. oodman orney for Defendant 2 36-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 LD. No. 62689 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. Ol, - /f717 (l.~uL ~h1 vs. J & J HAULING, INC. Defendant Confession of Judl!llJ.ent COMPLAINT FOR CONFESSION OF JUDGMENT Plaintiff, Sovereign Bank, confesses judgment against Defendant J & J Hauling, Inc., a corporation, in the amount of $65,319.02, plus per diem interest of $10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) plus costs of suit as provided for in that certain Note, and in support thereof avers as follows: 1. The Plaintiff is Sovereign Bank, successor-in-interest to Waypoint Bank, a corporation organized and existing under the laws of the United States of America, and it is registered to do business in Pennsylvania, with offices for the purpose of doing business at Two Aldwyn Center, East Lancaster Avenue and Aldwyn Lane, Villanova PA 19085-1420. 2. The Defendant is J & J Hauling, Inc., a corporation whose principal address is 675 Williams Grove Road, Mechanicsburg P A 17055 (the "Defendant"). 3. On or about October 16, 2003 the Defendant executed and delivered to Waypoint Bank a Promissory Note in the principal amount of $210,000.00 and an accompanying Disclosure For Confession of Judgment (the "Note"). A true and correct of copy of the Note is attached hereto, incorporated herein and marked as Exhibit "A". 4. On or about December 3, 2004 the Defendant executed and delivered to Waypoint Bank a Change in Terms Agreement and an accompanying Disclosure For Confession of Judgment (the "Change in Terms Agreement"). A true and correct of copy of the Change in Terms Agreement is attached hereto, incorporated herein and marked as Exhibit "B". 5. Sovereign Bank, as successor in interest to Waypoint Bank is the holder of the Note and the Change in Terms Agreement (collectively, the "Instruments"). 6. The Instruments have not been assigned other than to Sovereign Bank as successor in interest to Waypoint Bank. 7. That the judgment to be entered does not involve a loan defined as a "consumer credit transaction" in accordance with Annex A. to Title 231, Chapter 2950, Rule 2951(a)(2). 8. That judgment has not been entered on the Instruments in any jurisdiction. 9. The Instruments are less than twenty years old and no application for a court order granting leave to enter judgment after notice is required. 10. The Instruments provide for confession of judgment against the Defendant after default under the Instruments. 11. Sovereign Bank has exercised its right to confess judgment pursuant to the terms of the Instruments for an amount which the Defendant may become liable. 12. Defendant is in default under the terms of the Note. 13. On or about September 27, 2005, Sovereign Bank sent written notice to the Defendant via overnight mail notifying it of the default. A true and correct of copy of the written notice is attached hereto, incorporated herein and marked as Exhibit "C". 14. As a consequence of the Defendant's failure to cure this default, the Defendant is liable to Sovereign Bank for $65,319.02, plus per diem interest of$10.65434 until paid in full (including interest post judgment per contract) as of August 9, 2006, plus costs of suit, itemized as follows: $ 52,977.38 $ 2,089.35 $ 4,745.62 $ 5,506.67 $ 65,319.02 $ 10.65434 WHEREFORE, Plaintiff, Sovereign Bank, demands judgment against the Defendant in the total sum of$65,319.02 plus per diem interest of$10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) as authorized by the Warrant appearing in the Instruments plus costs of suit. Dated: AUl!.Ust 10.2006 By: ~ oodman s omey for Plaintiff 2 536-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 J.D. No. 62689 vERlftcA'rtON I verify that the statements made in the foregoing Complaint are true and correct to the best of my knowledge, information, and belief. I further verify that I am a Vice President of SOVEREIGN BANK, and that as such, I am authorized to make this Verification on its behalf. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. ~ 4904 relating to unsworn falsification to authorities. DATED: <[{-or - <9 0? SOVEREIGN BANK ~~~ ~ Vice President -s~ EXHIBIT A PROMISSORY NOTE BOrrower: J" J HIlIInO.Inc. m WIllms GIoVe.Ro"CI MecllIrllc:IlMg PI. 1105S Lender: ===-6ftet PD._'711 ~PA 17105 PrIncipal Amount: $210.000.00. Date of Hole: October 16, 2003 HtOoIlISE TO PAY. J" J IIUIng, Inc. ("IIo..ow..'....,..1o PIlI' Io'WIlftlOlnl8lak ('\ender"), or order, ..1IlrIUI....., 0I1Ie1tll1ed ...... 01 ~ lie JIIIIdplIIIIllOUIIl or TWo HundAld Ten TllcluNnd .. oonoe DGlIn ($21O,llOO.IlO), loge\Iler wIlb InIerest II ... .... of ~ per - all llelllflllld pr1ncIplIIlIlIIance Iiam 0CI0lIer 1" 2003, LII1II pIIld IIi'" PAYIIENT. 110..0..... wIi ilIr .... loin .. :IS "1...1t or ..,uc.,. IIdl ...-_ .. IneIl*r 1IsI....-,I ": -1I.d II ....... .....--. .... PIfIIlIIll .. due NOH.IIII.. 1" 2003, IIlII .. ..II...'..... ......II.d1 .. dUiI all lie ......., ct NClIIIIOllIh ...... ..... Bo..__.......InII...........1Ie dlII all 0ct0bIr 1" -. _"lie for.. pInclpIII_ II __ .......-'Je! JlIId...... 1 1Il.1IlcIude pIln ..... 1IlII........ 1lnIIR.............. or ftIqakW by ", .e r~'" .... ...,.......1Ie IlIPIId ftI1Ilo.., --......... .... 10 polot elf II. .... !P.., linpIIId ulICIllJ\ CClIt'lIllll. .... 10 .., .... cIwgN. . 'Ihli IIIIIUII ....... .... for ....... II. r ~Jd all a .... __ .... Is,.,...... lie dIo or............. _.,.. or.. ",._. r t., lie ~ 11 .........lIIIInce, ~ ....,... aclalIlIIliaIler or lIIIP, IIle pr1ncIplIIlIIIaIJce.. ouIstMIlIo~ ...._.. .. PIlI Leader IIIAnd<<'1__ __ ...,. or II aucIt olIIer...... LeIldIt..., deIIllr*Iln w.a..g. .. ~A~ PElW.TY. Bqrrww IIQI8II$llIIIalloan" _ ~llpIld.......llhaIgos........-d UV.. of.. dolo of.. loin _ wi no! lie ~ IlII1l1uAd 1IpIIII"".paymenI (wheIw~or.. a . of.......".... 011...,. ~ bylaw. Upon.PI'..... .tollor_ 110II,.................10 ...1oIIoM~...IlfI'..........,. A PlIllIl..... JIIIIIIr" ... c:IiaIlI'd.... Mole.. ..........In wIIOIe or In....... dIllIIIII'" ........pIIi1cllf. Tbe..... lie erle '"'fd allWll.........lZ'l't.1Ie .........'-...t........... A........ J .... ..110I... cIlaIVId en .., ....... (Up 10 acnr. or lie odglMI jlIIllclplII ~ PNI*d .... .., loin- JMI' InloiI __ ........ IuadL TIle lenD .... ,..,. .. ...... ...., IIeiIod or _ ,... -.clI1lII oft ... ..... ..... or.., ~ .. IIlIreOL boepI for llelOlellOlnllr ............, PIlI" or a..-- or lie.... 0MIlI........ If Is..... ErdrP*YII.....liOt, uriIess ~ 10 b)'LeildIr kI WIIng.- llllo;~U; III 1lclI,--'lIIlIedoA 10 _10 __ ~ undorlle paymenI~ RaIIIIr."" 1i*Y-* WI rtduce.. ptncipII-- due _ mq....In 1I0.._..IlllIIdngIeWW~n...... _1IQI8II$ nallo ....Utldor~ -""d "pIId In..... -....____. or ........1IngUIgL .11 _._ such.. ~ IAncIer .may.1l!lCIfll1 wIhlld IoIIng .., of LIndII'a Ilgble under .....Holt, and _ wi ,.."... ~ 10 pay...,.................llWlld 10 LendIr. M....... ~ oo..c..."'1ll dIIpuled 1IIlIOIl!IIs.1nc*lcIng. AnI' ~ or - paymenl ......,. ..... ..... thallhe paymenI ClClldules "paJmenI In .... III .. ......... owocI 01 thallllIndIred ...._ .......... Of ..iIIdcnI <if as .. "'~Ion 01 . cIspuled ......... musI ... ..-lId OIlIaIvnd 10: WlIWlOInIlIaIlIt. 235 NoI1h Sacond Slr8Ilo p.o. 1lOl17l1. HlIrIIsbUlVo PA 11105. . LAlI!aIARGe. hpaymenlll15 clays or.......... 110"_ wlllechlrgocluaa"orlle......., .eh.~,.,..,.....or .'GJ1G, \/I............ grU<<. . ..__r AFlI!R IlEFAl.\.T. ~.....Inc*lcIng.....1o pay IIpIIIIhllllllUrly. LendIr. ails opIan, "'Y. I JlII'IIlIIIod uncior"'r" ,,,," law, ~ the............. an.... NoIIl2.llOO "'"*_ palnIs.. Tbe __.... wi no!-..ad llell1&lClmlln\.... ............ by 1Ill~ law. K JudgnIInlIl ........ In _leCIIoiI .... .... Holt, __ .... c:on1lro>> 10 _ an .... Nolt- JudgnIInl at.. oodsIng __ .... pOYldold for In. ..Nola. . DEFAtl.T. &011 of till foIowIng sI10I consIlulllan... Ill. claIa1lI ("EwnI 0I1l11au1l") unclar.1hIs NCIe: ........ DefauIL _Ids to.. oirr payment when duo unclar II1Is Nola. 0IIlIr D I ,.., _Ids to canw.... or to perform AnI' _1on1I, ollIIgdan, -.nanl 01 concIIan .........rln an Nola or In AnI' of the........ dllI:uml!nII or 10 eamply wfth 0110 patIanIl any Ion1I, obIgalIan, GO'IIII1&t1I 01 concIIan ........"'" In AnI'.___...l~. Lender _1Ionww. . DefaullIII F_ or _....... _ or any GranIor deIauIs unclar any loan, .....lSian of crecII. -'r lIll'......... ......... or - .._... or.., _ ........... In..... III any _ ........ or _1lIII mar maIorfaIIy .... any III 110"--' ptllIlOIty Of Bonowln ebIIy to "'P&Y IhIs "'!la or parform Ilclnww'a 1lblIgdoo.. unclar IhIs NoIIl or any of lheftlalocl documenIs. F_ SlII',~.::t-.nly, ................. OIRIomenl made or ~ 10 Lender by~ Of an Ilclnww'a behIII...... Nola or" ........ II.... or mIsIeadIno In.., .......... ,..,..., _ .- or.. ...... ...de 0I1ImsI1ed Of beCan* - Of mIsfoacIn; at AnI'.... .......... . k-.aoy. Tbe dIadllllon or ....."'...... ofllclnww'a ........... allQlnv buIInaos, Ihe -ICY III 1Jo,,_. the .................. 01. reCelwr for AnI' ~ III s....~ PIGl*IY. .., ..~ .1... for ... beneliI of ......... any type of ........ wukOlll, or lie com.........._. of ant p.ml unclarariy~or.lSOtn.oCll'.....byOlllg8lnstaon--. . . er..-w or FOIfeIIlri PnIcu....... c..m....._....~ III IInclooIn 01 _ lI<ocoacIIaQS. whI1lIlIlr by JucllclIII ~ selI-tlIIp, ""tllll1"...or any _1I1lIlI1ad, by any_ III IIan'OwIl or by AnI' aow<'.;lI.......IIOIf1CY.... anyOClilalllnll securtno...1oan. 1)1Is Inc:fw. . QIII1IshmenI III AnI' of Ilclnww'a __ IncIucIng doposlIlICCClUI1lll, wtIh Lender. .-. IhIs E...rlll 0eIaUI..... no! apply I .....11. goad .... cIopclIa by 1Ionww.1o.. VlIlIdIy.cr 1aSIlIlIlbIoo_ of... c:IaIm wI1Illh lithe basIS Ill.. aracIIlor 0I1orl8IIIn,.-adlng _ llIonww gIYIS Lender WltIIen noIce of.. aracIIlor or _ II<IlCMCIlIlll and depOIIs wtIh IAncIer II1Ol1IIls or alllllY bond for .. ........ 01_ II< ae. I Illig. In an amount dolo...""'" by Lender. In Is &ala dIscoIIon. ubalng an t.deClUaI8.-.. or bond lor... dIspuIe. E'ienIt AlreClAg Gua._. Any 01.. ~ --. _ wtlI1 respacI to.., Guarantor III any of.. .~ 01 anyGuotl/1lcr dIeS or beCan* hlO"'p....... or..vak8s or IIIspuleo lie vaIkIIy 01, or IiIbIIy under. any guonnly of lie ~~...._ ~ by.... Hola. In lIa Mnl III a ....... LendIr. at Is aptian, may, 1M sI10I noIl1e reqUred to, permit .. GunnIor's .... to assume ullCCllldllol1ll) .. obIgdons IItsIng unclar.. gUII'&I1ly In a __ eallsloclory 10 1.et1dor. and, In doInO 10..... any I!wlnl III eer.uL CbInga In 0wM0""", Any chaIIlII8 In 0WIIIIIl1Ip oflwlltlly-lMl p&ICIlnl (25%) or _ IlIIhe common lllac:k of_. . A4YfKM Chlnga. A IllaIerIII __ chaIIlII8 _ In ~ tInanolII =-, or ........ .,..... lha pIIlOllIlGl ol paymII1t or performa.... III an NoIIlIlImpaInId. . CIn Pro........... II any defaUI, ........... a _In payment 11_ and .110<..".... Ns not _ gI'IIIl..- of. Ill-. III lha..... p_ olan NoIIl ...... .. p.OC8IIlIg IWIlw (12) -. . ...y be CIIIed (_ no _ of -.. wII haw ClGCUII8CI) . Borruwllr. _ .1lCllI1IIf1g........ nob 110m L.endIt domandIng CUI9 of such doIauI: {t}--Gures-.. -........ _ (15) daye; or (2) ........ requIta ..". .... ....... (15) days, inmadIaIIly _ steps wI1Ich I.et1dor dooms In lender'a ..... ....,....,.. 10 be .- 10 .... .. -.. and IhenIallor _ and camplellls all1IlISClI1IbII and necessatY steps IUlllcIenlIo produce ~ as soon. mosonaIlIy pIIICIoaI. ., ; ,/ PROMISSORY NOTE (C9ntinued) " I Loan No: 8875005233 Page 2 . .' LENDEIlS.JlIGHl Upon deIaUl, Lander may.1IIor ~ such noIlces as ~ by ...,AItaI- "'w. doc:ln I"un'" unpoId pdncIpeI balance on \his Nelle and II accrued unpoId _lrnmo<Jatllly due, and then ~ wII pay thoIlIlIClIrt .. AlIORNEYS' FEES; EXPENSES. Lender may 1ft or pay _...... help caIoollNs Nolo. ~ _nol pay. __ wII pay I..8ncler ..1haI8IIlOUlL ThIs IncIuclos, ~ 10 any ImIls under ~pI(~ law. '--'s alIameys' lees and '--'s.... eopelIS8S, wI1eI1er or not '-Is . ..--. Inl*ldIng atIanlers' ..... 8lll*- for ~tcy ~1gO (IncIucIng __ .. mocIly or _ any IJllOlllIIo slay or 1n(II1cIonJ, and app4lls. N not "'~ by IIIlllbbIt law. ~ alsO wII pay any COl.ft CQSls, In adcIIon.. II olher.... prOvIiflId'by laW. . ../iJR'( wAIVER. t.eniIit _lion...", IIenlby' WIIYe the rlGlIl to any ...., lrlaI.lnany don, ..omiln" or _1leR'~ IlnllIGIIt br- UftCIeC or 1lOc_1IQlIlltl1tie oilier. .. . . GOVERIllNB LAW. ThIs 1IollI."'" DCM(IlW by. conslrued and ..........In .curdallCll_1edenll1aW 1lId....... o(...~ . of~ ThlsIlolll"lIeall"qledIlJLenclerlllhe~l~."".O(FeaI.."" , .. . CHoICE 0/1 Vl;NUI!.. . '- It alllwsWl, ~ lIgIMS 1lpOI\. LencIe(s ...... 10 submlllo .. JlIlscIcIoft 0( tIia __ 01 DallpNn Cl<lunIy. Con"'Q;..8IIbof.~.. . .. ..", . .' .RIGtIT OF ..1lF!'.. To" ilcIeQI PII'II1iIl9d by..ppIlcaIjIe 1iJW; Lllnder _.. dght 01....11I.. ,*_-..-es wIIIl.andIr ('tIheIIIIW chec:ldng.~ or some olher -.I). "INs InCludes ar aclcoIIi1Is BG;._ IloIdi jolnIywlll__....and II -n..~lnIYGjlen.1n . ..1uUe; tlciw8Yor.1Ns doilS notlrl:ludll any IRA or Keogh ICIXlIIIlIs, or any WstaccounlS lor lIhIch siIolf-*l.""p.~by"', /IOlI'OWllI' lIUCI1oflz8s LIndar. 10 lie eocIInI jIo...A4 by lIppIeabIo law. 10 charge or""aI sums owing on lie ~.cIebIo.dl""'" any IIId lllUCh acc:ounls. SEClIUTY..... 00IaI0nl (as'- daIned) Is --, lor INs Nolo and any...~ .... ,., ... and illl "":~~'flnQI,and Ila ~ perforrI1aI1ge and dIIchaIge 01 .. olher ~ or lUIIa:e .llldoobllldo..... IlIlIIIa1Iona and UIIdolIoIdnas ~ IndMIMI, joW, ..... 4r8Ql, 'co."lQllj~ or. ~) 01'" ~... or lor......... of1endiilr..wilIIhar Mllno ctncIy 10 1.alider......NoIt'", ~ IIfO/ olhat 1Qi-.l."'~'.l~' nota or~_8lIIsItv or -.lliI'entndlillobyhllol_IoIlaLlndar. Tht_~.. lncIUdoo II .18-.gIbIe IlIllllnlollQlllll> pilpedy(l) ~ In any ~ ....,~.... or olhat-'Y docUmanl..j>..odolt ~ In Iawr ~.and (I) In _.-'r__",_"""*,,IoI..anClotP\l'SUlinlIoIHoN0f8. : .,':.. __. . ..~$S' to" A~AI.1I.T. Tht Nolo wil .,. ..__ c .. ""'lId,~,......... II olhat...... tora __. or.any rJ .1IoI,ow....1IlaIod --'.10 WaypoInIBllI'l"; N"any", _In daIIUIunder IhIsNillt,........... ballOllSlclll86ln daIIUI and..oulslandIng III1IlUIIIs under........ wII ba"""""" clua and panbIe In M. A cleINIlII _toan shill consIIuIo. dIIId Ill.. olhlIlS. . : .DlSCLOSURE to IIOIlROWER fOR' ~ OFoUlGlIEIIT. An lIIlNbII,"""'DIscIooln lor Co. I. rD. 01 Judg......Is..... 10 INs . Nolo aticl by INs ,...~...Is made. pari ollNs Nolo Just-. at....ptO'iblonS, ietms lJdeoolClloM 0I...ElcI1IbItIlacl_llAtsel1Qtll{iIIlNs, Nola. , SlJCCESSQR ...........,...Tht...... 01 INs Nolo shall b, bIncI1!o IlpOI\ --'; and upon ~ I1aIrs, perscIliaI''P'--' s_ and assigns, and shaI,1ncIlt 10 lie benefI rJ l,ancler and iii k<"'" CIS andasslgns. .' .. . ClEIEIW. I'AOVISlONS. LIndar may delay. or . enIclrdnQ lIlY oils ~ or..- uncIor INs Nolo ......1aSiIICl1ham. Borroww IIIclIllY .j,; "other_ who 1Iri\lS. ~ or"')t.-.1Ns Nolo; 10 .. ........1lIr/W8cl~ Iiw. .... Pi_"".odill. clenMcllilrJllll'llllN,IIlcl.nqIIce- rJ clIIhonor. Upon lIlY cI1aI1Q8l1ll1e ....01._ Naie, aticl t**'ss.... 6.,.j6WI~ aIoIId In..... no party who. INs NoIo;....... ....~i . guaoarW. _idnocli!lOn ma1oeror IIIlCIDISIr; shill ba "'-dfom.labIly; illIUClt!*liSlQIW8b1 LIndar may_oredlncl (~and .rcr IIlYIangI/I oI_)'lt1Is loan or ..... .,;y flIi\Y or ll\III8I1lor or ooIaJeqJ; or ....... lallo ...... IlpOI\ or parfocIl.anclor's -'Y InlIItestIn lie _01; __lIlY olhat ..... cleamocl "'" III I 1 by.l.anclar wIIhoulllle i>onsinI ol or IlOlIc>> 10 IIJ1OlllI. ....1UCh...... _ _.Ihat I..anCIot may mocIlylNsloln ivIIl1ouI.. _ 01 or nob 10 If1\'OlllI other ltIan ":par\J WIIh _.. ~ .. "*'" Tht ~. uncIor this NoIo...)Dlnland __ Nanypollon 0I1hIs Nolo Is lor lIlY....... """".""'-d ro.,. UI_............ ....notllleel...~""'oeetlIIy III an; other pnlII\!lIonsollNs Nolo. . .. . co.... s...o.. OF JUIlOMEH'I'. ~ ~ ~y ~AII) EMPOwERs IHf A'\'T<lANEV ORlIE PROtllONGrNl't . . OR ~ OF IHf COURl' IN 1'IE COMIoIONWEALTH OF PEHNS'il.VANIA, OR ELSEWI ""IS. to APPENl AT AN\'l1IlE fOR'llClIflOWER N'lal A IlEfAU.T ~ THIS NOTE All) WITH OR wmtOUT COMI'I.AINT FLEP. CON'ESS OR ENTER JlJlGIENl' AGIilNSTIlORROWER FOR THE ~ PRlNCII'AL IlAWICE OF THIS NOTE All) loLL ACCf\l,leD.1NIERESl'. IAn: ~ NO AN\' All) ~ AMOtMrS EXFl;l<lOED OR KlVAHaiD BY LEMlER RElATNJ to NI'f ca.LAlBW. SEC:UVNG THIS NOTE. TOOETHER WITH COSl'lil OF SUIT. All) III AlTORNEY'S COMIISSlON OF ~PEACEHl' (1'"') OF 1'IE UNPAD PRIHClPAL I\Al.ANCE AN:l HX:l'IlED INtERESf FOR 0(1LECI'I0ll, BUT IIIHf EVENT NOT LESS THAN FM! HI.NlRED IlOUARS ~) ON WHICH JIJlGMefT OR.A.OGIotENTll ONE OR MORE ElCECUTlONS VAY ISSl.E 'IMMEDlATELY; All) FOR so DaNG, THIS NOTE OR ACOFY OFTHS NOi1: '._. EI) BY N'FIOAVIT SlW.\.IIE lUFICEH'l'WNIWIT, 1'IE I\UTHORITY GRANTED II THIS NOTE to 00tFESS JUllGIoIEN1' AGAINST BORROWER SIW.\. NOT BE ElCHAlJSTEI) BY NI'f.~ OF TH.\T I\UTHORITY. BUT StW.L <XlHI1NIJE FROM 11ME 10 lIME.AII) AT loLL TIMES UNrL PAYMENT IN FU.L OF IoLLIoMOUNTS DUE ~ THIS NOTE. IIOIWlOWBI ~ WAM:S AN\'. RIGHT IlClFlAOW$ MAY HA\lEto NOnCe 01\ 10 A HIiMIIlG II ootltlEenON WIlKAII'f'SIJCIl <Xl!FllSSlON OF J\,JDGMEtfl'AII) STA1l!S TH.\T EITHER A REPRESENTA'llVE OF LEMlER SPECIFICAI..lY (W.L&Il THIS CClN'ESSlON OF .JUlGMEN1' PRO\IlSlON to 1l0flRO'llER'S ATTENTION OR 1lOflRO.'IER HAS BEEN REPRESENlm BY INDEPENlENT LEGAL COlMEL. PllIOR TO SIOIllNG 'THS II(m!, lIORROWER READ AND llNDERSrooo.M.!. THE PIIOYISIONS OF THIS NOTE. lIORROWER AGREES to M! TERMS OF i1t! NOTE. . IlOllIIOWEII ACIOlOWLEDOEll RECEIPT OF Ii COMPI.E'fED COPY OF THIS PROMISSORY NOTE. THIS NOll! 18 GIVEN llNDER SEAL All) IT IS IIITENDEIl THAT THIS NOll! IS All) SlWL COllSlllVlE AIlD HAW lIE EfFECT OF Ii SEM.ED IllSnI\JMBIT ACCORDIltG to LAW. . 1lORROWER: " ( h.' PROMISSORY NOTE (Continued) ,. Loan No: 8876005233 Page 3 LENDER: :;:c~ ~ ..-...~.............. CIfr'.........................-.-. "'............ _M bCI'MII."'" ~...... it . , '.'- , :"Ii), .. PROMISSORY NOTE BOrrower: J. J l\IUIInC/. \no. I7S w..... -..Ro"Cl Mec:IIInICsburI PA 1'1055 Lender: WoypoInl_ 2:lS NarlIl-'" -.. 1l.O._ n1' ~PA 11105 PrIncipal Amount: $210,000.00 , Dale of Note: october 16. 2003 PAQIII$E TO PAY. J. J 1tIIIIng, IlIC. ("110..-1 prllIIlI_1O ...1O'WIJPQInlIll!nk ("LlllIder"), or order. ..1IIIfIUl:.::r "1Ie1Ned ...... 01 -a. lie prIncIpIII emounl 01 Two ttundr8d Ten ~ . GGtlOO DoIn (#10,ooo.llO), 1Ogel/Jer.... .. lie .... 01 &.24O'l' per _ 011'" unpIIId pm:IpII bIIaalCe ~ 0cI0ller ". -. un\I JlIId iii lUL . PAYIIli!NT. Bo..o/lftl( wIi . .. loin .. as ...,..... 01 ".', .... ..... jnd .. ......... IIIl ... lIt IlId.. $e,l2U1. _... 1lIst...,.... Is _llo'IeaIIltr 'I, -._ .. SIIIln::'d .......... .... 011'" ....., of NClI..... IIIler lhIL __...tInII........ d.. _ _ 0cl0Iler 11, -._ d.. .. prIncIpIII.......................,.. JlIId. ,..,mol.1IlCIude jlllIlcIIIII_ IntIreIL ...... olbenIIsa", orNqlllNcl'" "'p.c.~I._. ....... d .. __1lIst 10 "" -- UIIpIII adlns1; .... 10 .....cll.IIIl .... 10 "" iInpIId (Ill clll<. ...-; .... Ilon 10 "" IaIe clwlII'o ',......... 1illanIl....1or.."* II ~~<11Il1llild 011 · ... belli; .... ... .., ......,.... llelllllo 01... .......1nlnIf nde _ a:,... ,,_......1IIUIIpIIId .., lie "I 11 ~ pdIIcIpaIlrIIance, ~..;;. n.l.., 1M.......... 01 ~ 1Iia prIncIpIII__ Is Oulal."dl".. 110.,.11'..,., I.olIder IIl:edde1'o __ __ iboYe or.. IUdl aIIler ...... ul.ollder...,.......... WIllIng. ... . ~AYIle!IT PBW.TY. lk!nww1QlM$'" II leu lees Illld ~1flIld ....... cI8gea......,..s Uy as 01.. cIIlI "'''loin Illld wi nol lie UljoQIIo NIuA4 -' 1IIIy,__ (WheIhIr...,oru. . "'cIellUI).--.i!uolllill- ~ ..,1IIw. Upon.p...SJf\llOollol.... .... LInder Is .......10... ,*.-t... jll........ JItIIIIlr. A lIf1p 11__""" d .. eI\II1IIIIl... ~ Is pnIpIId,'ln.... Of 1ft pa1, cIUIlatI. IIaIlxlld _.......... 'I1Ie lee d.. nlllll.lrd ollwo.......lIlQ 0(.... prIncIpIII'iIIIOUnllllOllolcL A ........-. 'I'" dllOl... cIlIr1Ied 011 "" __ (Up 10 IK 0111I 0I1gInaI prIncIplIII ~ preJIIId ...... "" 1oaII.,... ... ......., 1 ~... 'I1Ie.... "liIan ,... Is dIIaeIIu "" I*lolI 01_"" u. nc'T<lIllri... '**"'.... or ""~,,,lIlOAlOf,. EaplIor lleloNgoll", ....._...,... or. porion oi lie................. _Ills _. EooIvpa)'mer1ls"'riOt,..- .1lI_1I0 Wl.ond8r In -.,,- 1ll-;.wW '" Bcnow~" ~t ~ -1ft to conInull to """"........ undorlle __1ICIIIcIW. RoIlW.1IIIy ~Il...... wi N<luoo'" pdnclpII- duelllld 111I)'......... ~ 1I1IIldng-1lIlI-.... .-.-_ nol to oend1.8ftdotflllYmOl* -""d "pIIId" U". "wtIIouI__. or sImIIIr IIInguIge. 1l1lonWW...... ouch. jlIl/1llIl1I; ..- moy -.plt wtIhouIlosIng.., of ~ IlgI1II under ""'.Nolo, .....1lanOwlIr wi ........ ~rlo<llo ...."'" furtlor IIll\llUIt ClWe6to Lender. 11......... CClII1I1lllI'II...ollll."'lll dIapUlId IIIIlOUfIls, 1ncIucIng.., CI1ec:k or_ pe,menI ~ ... Indlcalts IlIIIl tIMi __ 00I1IIluIeII "pa)'monI .. .... '" .. ...- ClWe6 or IlIIIlIa Iendonod _..olher 00....... or ImIlItIOnI cir III.. "'1'1I'~' "'. dspuIod...- """'be molIIId or deIWr8d 10: Wt.ypcL.IItl1k. 2:l5 Nadh Second SWot, p.o. Box 17". Honlsbwv. PA 17105. . !.ATE CtWIGI!. If. ~ Is 15 dII,. or _.....1lonWW wi" cIWgIId 5~ 0111I......, .td'1Ied...,...tor .,0JlO, .,cdcl..... III ......... . ~T AFTER DEFAI.!l-T. ~.....1ncIUdIrlII fIIunl to PllJ -' hi maluIly. LtndIr. at Ie opIon. may. . ...." m ~ under IPI>"<:"..... IIIw. __ .. ......... on "'" Nole 2.IlOO p.,,"'..... pclnls. . 'I1Ie _ .. wi not iIIIleIId lie mIIlIImUm .. pe.".IIl~ by ~1IIw. If jIldgmenl III IIIIIIlrod In CQI.lIlClbI_1lls Nolo, InIlnsl wi conInull to IICClU8 on Ills Nole allot JudIImIInI at tlMilllllslng _.... ptoWIed lor In. IHUlolII. . . DEFAll.T. I1IIch oI.tlMilolowlng""", oonsIIlulo......... 01 deIIIuI ("EwnI '" Delaull") 1lndot.1I1Is NciIII: ,..,.,... ~ _ foils 10 ....... My peymont when dlIe under I1Is Nal8. OIlIer.,... _ foils 10 COlI1lIr _ or 10 P8f!orm IIlrf olhIIr lamI, obIgIIIIon. -.t or ClOlICIIon COl.....lICI.1n "'" Nole Of In .., ClI tIMi l'IlIII8cI doCuIMnIs or to -'Y _ or to podonn.., lamI, cbIgaIon, _ or concIIon 00.""'" In ..,.olhIIr""'_....~, Lender....._. . DeIIIaIIn F_ 01 TlIIrcI ~ _ Of'" Cbrllor doIIIIllIs under 11ft loin, ell." 01 crecII, HCIIIy ""........ puod1uII or_ ~...,..'" or .., _ agnoe......1n IlMlt ",.ny olhor......,. or _ ... may lI1IIIorfIIIy IIIIIcIIIlrf '" 11oo....... ~ or ~ obIly 10 A1P<<Y IhIs llc!'a<< pedomIllcmI--.libIlQIIlh.o. uncIIt lhIs Nolo or.., "'tlMiAlotocl documenls. F_ 8111I....... ::t WIIIIMIy. Np._1laIon or.._ _ or Iwr1Ished to l.ond8r by _ or on Ikiwlow'" ....... underlhls Nolo <<"l'IlIII8cI <locum III lIIIse Of .11" acInG In IIlrf _ respecl.1lIhor now or III the .... ....dII<< IUmIIlwd or ,*",-lIIIse or ~ a111lrf........-. 1I\eoMlIW;y. 'llle......_or.............. 0180110".... y 11 ICO ...goIngballnlla, the-..cy 0111oo."..... the ...,.do.~.....oI.1llCeMor ~:::. 01 1Ioo'~.""IllOI*IY. .., "ofg ....A lor the ....... 01 ......... .ny tw>II 01 cnodIIor wakout. or .. _...a..~nl "'''' under.., brinIpIcy or IrsoMIncy IawI by or 1IgIInsl_. . . er.IIlor or F........ pramdlnp. c..m,...._. of __ or forIoIIur8 "'.........1llIo ........ by judIcIoI "'0<11_ oelI-I1e/p, 18fl'11 " n, or .., _ I11Ilhod. by .., ClIldIIllr '" _ << by IIlrf 1I0Illmin.,,1aI1Q111lCY 1QIIrisl..., oaIIIIIIAII..-.inQ h"""" 1JIIa IncIudIIs . ~ "'11ft oIllclo......... --.1nckIcInQ dIIposIlllllCClUl1lS, _..-. ~..... Ewnl.'" DeIadl..... nollpply' .....Is. good 1IIIt...... by Bcnow. U 10... Vllldlyor _lIIlloll8SS "'... dIIIIll wI1Ich Is'" buls 01... ndItor or forIoIIur8/loolC6lldl/lg II!1d . -lII'* Lender WIIIIft nolIee olh Cfdcr << forIoIIur8 ~1lI11!1d diposIs _ ..- __ or . IInIy bond lor the Cfdcr or IoIfoIlln ",o...ecIo"" In......- dIIIennInIId by l.ond8r,ln Ie. dscrelIcIr. ublllng enldllql'" ~ or bond lor.. dIspUte. EYenls AIfeclInII 0' ... Nr1 "'the ~ -.Is -.n wIlI1lespec1lO'" Gun/1IOr "'1Ilrf "'.. ..dolbIodo_ or.., GuatIInIor ells or '*"'- ._.......... 01_ or cIIptlloo ... YIIdIy of, or IollIIly .... .., ~ 01... .odob........ -..od by 1I1Is..... In'" ...... 01. ....... Lender. .. Ie oPIon, 1llIIy. bill oholI nolbe IIIqUQd .... .......... ~ ....'" __ 1Il,.o..lIIIo"lIII, h~ IIItaInQ under tIMi gunnly In . _1IIIIsIIoIory 10 lender. ...... In doing 10,....11I1)' EWInI '" DeIauIL CI1IInge In o.me.lIllp. Nr1 cl1II!1gIIln ClWI18fSI1lp 0I1wenly-lMl P<<CICIl (25%) Of _ "'... common tied< "'_. ,__ QIIInge. A _ IICIvolse chIIngo ...... .. IIomlwet'8 ....nclaI .o"dillo,. or Lender beIeY8s Ih8 prospecl '" pIIyment or petIormIInce 01 "'" Nolo Is ImpeInlcI. , CIA PrOVIsIOnS. II.., doI8Ut, _thin . deIIIulIln pIIymonIla ...- ..... . _ .... not -. QIYan . .- "'.lllMCI1 of tIMi ...... pRIlIlsIon 0I1I1Is Nolo _ .. ....c.dI.lg IwW.Io (12) -. . may be CUIed (and no I'I'IIll of delauIIwtI ..... ClCClUI'nICI) IIlanOwlIr, - ._1IIng _ nolIee ""'" ..- c1emondlng .... of -. _ 00--'" _ -.... _ (15) dIIys; or (2) ........ req'*'" __ IhIIn _ (15) .... ..........1tIIy ...... steps _ ..- deems In Lendet'a SGI8 ......... to be ..-11 '" .... ... deIIIulIlI!1d ___and -.,:\Illes II ....."'_ and net8SSItY 1lepS..-1IIo pnxIuce compIIInce 85 soon.. ......,1IbIy ptIICllcoI. ., ; --' PROMISSORY NOTE (Cpntinued) ....1 Loan No: 8~ Page 2 . I.ENllER'lUlIGl Upon deIIIIlII, Lender may."'" giving IUCh noIIcos.......- bf ",,.to o4.... IIw. docIInl thunhlqllld prlncIpol bIlIance 011 this NolllIlld..lIl:CRllld unpoId InIonlslIrM1ectalely d....1Ild \hen __ wlI pay Ihallollllllri.. ATTORNEYS' FEE$; EXPENSES. Lendotr _ th or pay __.....10 """ coIIocIlIis _IlJicnower _notPll'. __ wi! pay Lender lhaIlolllllIri. 'INs IncIucIes, IWtocIIo 11I)'.... ...... oppIco/M .....lendel's ~ feeS IIld "-*".I8QII......... wI1elher CIr not__1s a ---.1ncbIng atIonleys' ..... eocptII_1CIr ~ p.GCMdI/1gs (lnclUdIng lIIIcds 10 /lIOCIIy CIr WlCaIa 11ft ~ liar or ~). IIld appdaIs. "'01 proIilbllld by ~ law. __ also wi! pay any COllI CQSfs, In adcIIIon 10.. olh8r lIUins~by laW. . ,~WAIVER. "'lIIIIlioh~." henlby WIIYe lhe rIGht 10 1ft'! fUrY *In 1ft'! dOn, pramillng, Of ...GIlI.H',,", IIr'oUllhl byelther IAIlderOfBorlowollllOllnStllieolh.... .. . . GOVERNlHQLAW. ThltNoll." be IIOftl1IId bl', CCIllIlnIeCi IIld 81l1olced lIIai:con'aIlClwlhledenl"'lIld ......olN ~ . Of PeI...."'lIa. Thls NolI..been I,,~,led bl' I..encIer III ... Cominon........ol......_ .... CHoIc:I! Ql;. VEIU!o. .__ .. a IaWSuII, __ agnHlS ~ Lendo(s ~ .. ........ 10 Ihe ~ c/ .. __ 01 DauphIn Caunly. CoIII1~u~.A.llbofFII.~. . .' ..". '.' .RIGIf1' OF tl;RlFF.. To the... "....III~ byljl~liIW; lJltlder _.a dghl c/ salol'" .. 1160._....__ wtlh Lendotr {WheII1llr chacIdng, INrilIi. CO' _ oIhIi -.0. 'l'Ns Indudes ar aclllOUilIs 1b,.IIl. holch 10InIIYwIh __1Ild ..-....~M:: . Ihe IulUre; i'IiiwlMr.1hIs cIois not...:tuduny IlA or ~ icc:ounls, or IIfttrustllCCllUlllS lor which aiIoIf"",*,b8'floJn r.ltbVlaw. , . atlthortaS Lender." Ihe "'jlOf..oIllod by...,>&Jab18 laW. 10 dWve orsalol........ oMng 0II1he ~.dIlbW........ atIy and IIIl1Ch accounrs. ~. M oilIaIInI (os........ doIInad).1s oect.rtIy lor this _.ancI III)' ........IOll.nslonI and ir> - 4.- ~'tI1IlWQf,.1I1d lie ~ perIcnnInile IIld ~oJWVII c/ .. olh8r ...- or 1uIUI:8.1l1doblodo..... of1IgalIono IIld ........,._ (whohr. ~. jaW, --. 'chot. -COI..lQ8It Of. ~l c/ h Bo...A_ lo or lor Ihe benelII c/\.eI)llor.wlIi!hw aolIlng chdly to ~ under this..... ot ~ .." olh8r ._...... 1"0-> r . r "'*' or undoollllcllllllnwllldlltV or .........enIInd IiIIobV..a..,......Io.. Landar. lht_-C r. .. lndUdoa.. . fIIl1lIII* ancI ~ pnjpody Ol iINcIIJecIln lIft-liiIao6. oIwlilI-~ orol!W..,aycloclM8ll ~__In - of\AnI:IW.and 00'" WhIch asecu,ly InIInisIhIS bOIn granIed 10 LencIotpllllU8nllo this _. : . .:. .' : ..CACi.Ss.:-ca 1 ATERAI.IZl1ICROBAlLT. lht _ will be ..~.. , _............~ wilt .. Cllhor ..... - lI<iRW*. "'.11I)' c/ .1lOInIWW'a ralaI8d ......10 WQPCInllla'*- . at an;'" __Is.. dGlA under.... NOlo, ..loanIwlI be 4o/~lilltll6ln -,,1Ild at _ICIlID 8IIIlllM under Iho IoanIIiII be ....~ cIua and pa)'4II!Ie lnll& A deIaUIIln _loin..... conslIula. -.alii.. olhaIL ' ,Dl$Q.OSURl! TO ~ FQR ~OFJUIlGMENT. "" lIlChIJII,'laled 'IllIcIoaIn lor Ccl.lr. l').c/~.Is.~.to 1Iis.. . _ arid bV IIis ........als lMCIIIa part c/1Iis _jUSt_' ....~......... anclcoodloll. c/1Ie ElchIllI'IIId bOIn !Ults8l1Qi1lj:1rt....' .-. ' SlJCCESSOA ...-=411. lht...... "'Ills _ ahaI be blndII)g upon ~~ ancIupon ~....... pIISOIIiIl 'wP'-"dYes.Il_ and assIDns.lIld .....,_to.. __ of Landar and'" ~ IIldIlSStllllL .' . .llSERAL PllOYlSIONS. . Lender ..., delay. or II!rgo -.:Ing.1Ift c/ lis rIl/hlt or.,- ....... .... _......loSInO r-,. .~ II1d 11ft J.; .,Cllhor_ who 1I@s,___ 01 ~',thIs Nolll;.1o Ihe IIldeIt all/Wed-~ lOw, waMI flI_"'IWliI, .....llrpaJlllllll, and.~ '" dishonor. Upon 11ft ~ In" __c/,... Nolo, arid .... oa.......~.ssItslllld In ~ no l*IYwho..... Nolo, whelhar".-', . ~. _.holl1i."........or ancIorsir...... be 11leIIslldft<ri1alllly. 111 suCh ptJ1Iis au-1Ilat Landar ~ _ or...... "*1Idtt anil lor IIftIonglh "'....rllis loan or .....an; poity or ~ 01--"; or Impolr. lei to .- upoIl or petIeol ~ -'Y lnIllreItln ... .......... and _any oIhor...... deemed ,'8( , bVLerldtrwtlhoullhoOansinl c/ or 1IClIca1o....... MIlICh""" __.that Lender ..,. modIy this _ wtIhoullho COIII8III c/ 0l1lCllca to an'fDIIIl Cllhor ....1he:P8III' wtlh whOm.1he ............. Is"'" lht 'l'i .. .. under.... Nollt.. jolnlllld -... If any pcrion c/.... _Is lor any raison cloIolI,,4O,d fi> be U1_....CNb18. ft wI!.notlleCl'......ro. .. .flll an; oIhor pnMsIonI c/.... NoIe.. . . . C:OI_ '&SlOM OF J'JDGlIEIlT. BOIlfl()WE'R HEREBY IAREvocAeLY Al1IHORl2EsAN) EMP<iwBls N<< A'l'TalIe' OR nt! l'IIOtHONOrNll' . . OR CLERK ~ NN <;ot.m' 1Nnt! COMMQNWEALTH OF PENNSYLVANIA, OR ~ TO N'PEAR "TNNlIIoIE fOR &ClI'I1ONe!\ AFTER A DB'AU.T UN:lERTHlS NOTE Am WlTM OR WIlHOUTCOMPLAlNl' FUO. COtASSOREHTER.JlJlGMENl' ABIllNSTBORROWER FOR nt! EN'T!RE PAlNCIPAL lIAI.ANCE OF 1MS NOTE AN) ALl A(:CRUED.INISlEST. IAn: awtGES NO NN AN) ALL AMOUNTS ElCPI:ilIJfll OR NJVNCBJ BY WIlER REl.A11NG TO NN COUAlEfW. llECullNG THlS NOJE. TOOfffi ER WITH CXlSf8 ciF $UT, AN) AN ATTCAflEY'S COMMISSIOH OF 1E!I PERCEN1' (10'l'1 OF nt! UNPAIO PRINCIPAL lIAI.ANCE AN) NX:lJ,SJ INTEREST FOR cou.EC11ON, Bur 101 NN E'IEHl' NOT lSS 'l'HAN FM: HJlCR:D Da.l.ARS ($eGO) ON WHCH .JUOGMENT OR: olUllGMENrS 0l'E OR NORE ElII!CUl1OtIS 'lAY ISSI.e .IM_lELY; AND FOR SO DOING, 1MS NOTE OR A COf'Y ~'lHlS NOi"E \__ II:U BY AFFIDAVIT SI-WJ. BE st.fFICEN'r WARlANl'. nt! AUIHORIlY GRANTED IoI1MS NOTE TOCXIN'EBS.IUOGIEN1' AGAINST BORAOWER SIWl. NOT lIE EXHWSl'ED BY NN'EJI!':RCISe OF1H.f.T AUIHORIlY. Bur SIWl. CONl1NlE RlOM '\1IAE TO lIIoIE.AN) "T ALL 'I1MES IJNTL PAYMENT IN FU.L ~ ALl. AMOUNTS OUE UN:lER llIS NOTE. llORflO'NER I!EflEBY WAMS NN.RlGHT e.A1OW$MAV Hl>.VETO NOIlCE OR TO A tENlIllliIlN ~ WI1lfANY'SUCH COIRSSlOH ~ JUllGMEH1' AN) STA'lES 1H.f.T EITHER A REPRESENl'AlI'IE OF WIlER SI EOFlCNJ..V (:oIWiIl THlS COII'ESSlON ~ JlIlOIoENl' PROYISlONTO ..()nnOtIEf. SAT1ENTION OR lIOIIlOWi:R w.s BEEN REPRESENTEO BY INtlEI'ENlENTLEIW. CXlI.IolSEL PRIOR TO SIGNING TItS tIOTE, IIORROWER IlENJ ANO IlNIlERSToooALl nt! l'ROVISIONS OF THS NOTE. lIORROWl!R AGREES TO 'lie TERMS OF 'hE NOTE. . lIORIlOWER AClOIOWLEDClES....c.:.r I OF Ii COMPLETED COP\' OF TItS PROMISSORY NOTE. TItS NOTE IS GIVEN IlNDER IlEAL Am'1T IS INT1!NDED THAT TItS NOTE IS AND SHALl. COHmTVl"E AN) HAVE nt! EFFECT OF A SEALEO IIS1RUMENT ACCORDING TO LAW. lIORIlOWER: JI.J " , ,. ( -..-'" PROMISSORY NOTE (Continued) - Loan No: 887S00S233 Page 3 LENDER: ::;: C~ us....~.,............. c..r.......,......,...............__ ..........,.., -1'1\ bCfIIIUL............... .. ',.' .~ , :",;.;, DISCLO~" tRE FOR CONFESSION OF" JOGMENT ) , -' Borrower: J ".J HlIUIIno.Inc. 175 WlIIlims CJrove _ ~PA-HOS5-- Lender: WIIIJIOlnl_ 23S _llec:olIcI SIlftt P.o._1711 HInlsbUrD. PA 17105 TIlls DISClOSURE FOR CONfESSION OF JlIlGIIEN1' Is lIlIeched to.... by _ .....1Ce Islllllde _1*1 of... "'~ 11111.'.... UIed 0cl0INlr 1" -. .... -.ted In ~ _ _10M or obr lInMcIaI_aao... beIWeen WAYPOlNT BAlIK .... J "J HMIIno. Inc. ON THE DAle tEREOF,llORR<1M:R IS ElCECI1l1NG A PROMISSORY NOTE OIll.IGATlNG THE IlORAOWER TO REPAY THAT AMOUNl'. " A. 1 lINllERSTNID THAT THE NOTE COIITAIlS A co..r~....aH OF oMlQlEIIT PROVISlOII THAT WOULD ~ LBlDEJt TO ENTER JUDG.III!IJT AGAINST THE IIORAOWER IN COURT, AFTER A IlEFAI1.T ON TIt! IIOTE, WITHOUT NNNIICE IIOI'ICl! TO THE JIClRAOlliER MIl Wl11tOUT ...........u THE BORROWER AN 0PP0RTUIlITY TO DEfEND.AGAINST THE ENTRY OF JlIlGIEKI'. II EXECUl'IlG TIt! HCm!, IlI!IIIG FW.Y AW/IIE OF THE 1IORiIOWERS-RIGHllI TO NNANCIl-H011Cl! AND TO A HI!AIlIIICI TO co......, THE VMJlllT't OF AN'f oIIIlOIF'fT OR.OIlER Cl.AIIIS TllAT l.E!IlI!R IMY ASSI!R'I' AGAINST THE IIORIIOWI!IUJIIISI THE IIOTE, J, ON IIEIWI' OF THE 1lORAOWER, All ICIIOWlIIGLY, IIITB.LIGEN11.Y, AND Wl.UNTARIl.Y WAMNQ 11ESE IUGHrS, ll'CI'~ AN'f RIGHI' TO NNMCE IIOTICI! OF TIE ENTRY OF JlIlGMENT, AND 1 ElCrIll!llSLY AGREE AND toNsEIfr TO LI!NIlERS ...."""OJlllGIENT AGAINST TIE ~ ~.vcSs.ON AS l'ROYID!!D FOR II TIE COIlFES$ION OF ~ PROYII!!OH. II. I FURTIlER llNIlto.:tlNID THAT IN ADOITION TO OMMO LENDER THE IlIClIfT TO ENTER JUIlOIIEIlT AGAIIISTTIE IICRROWER wmtOU'r NNANf% IlO11CEOR A IEARlNO, lIE COIIFElISIOol OF.AIDOIII!NT PROVISlOIIII TIt! NOTE ALSCJCOffTAIIIS I.ANOUAllE THAT WOULD PERIm' LI!IIIlI!R, AFTER ElITRYilF."J"GIIENT, TO.ElCE!CtRE;ON, TIE J!IIlOMfJI1 BY flIIIIEa,OSINO lFON, ATT~NO, LEVYING ON,.TAIClNIl PO I nasION OF OR cmER WIll! S&lZINO TIt! IIGRlOWEIlIIftOI E1,.~, II FW. OR PARTW. PAYIENJ'.OF TIE .ulO1ENT. HOWEVER, LI!IlIIER MUST PROYIIll! IIOTICI! TO TIt! IlOMOWER UNIlER-""'I.ICAIlU! LAW II ElCECUI'lNO Iltr CiOoor" 5 . JUDGIENT. IN EXECUTING TIt! IIOTE;IIElNO FW.Y AW_OF,MY IIICIIfTS TO NNANCIlIlO11CE AND A lI!AIlINO AFTER JUIlOIIEIlT IS bu_..!L NlDIlEFORI!EXECUI'lON ON TIE ~'lIDGIEKI',1 All ~!rIljl8.1JGEJRLY AllDYOUINTARIl.Y WAMIlG'I1I!lIl!RIGHl'8, AND I EXPIESILY AClIEE AND ~ to I.EIIlEFlS EXECUIlfIO ON TJE ~,III AN'f __ ~,I' cu IIY APPI.lCMLE STAlE ANDFEIlERALLAW. 1NmALS'~;- . . .. C. AFTER HAYING ~ AND De1'ERMIIlED WHIat OF TIt! FOLI.OWIIlG STAlDElITS _ Ai'I'UCMt.E, AND BY PLA,llIeIO MY INITIAl.I NEXT TO EACH STATEIIENT WHlatAPPLIES, 1IlEII.I!'JEoolTTHAT, .. . INITIALS '. 1.1 WAS IlEl ~ EBB",:uIlY MY OWN __T LEGAL COUIISi:L II CONNECTIOll WITH TIE IlOfE. ~ A ~ATIYE OF LENDER IlPEClFICAU.Y CA4.ED. n.: CCll- .......OF.JlIlGMENT PROYIiIoN IN TIE NOTE TOllY , P. I CERTIFY THAT TIE BORROWa:\& ~ INCOME EXCEEPS '10,llOO.llO; THAT TIE IlLANKS II lHS D18a.0SURI! WERE FUED II WHEN IINITIN.EP ~ SIGNI!P IT; NID THAT IIlECI!IYED A CllPr AT TIE nliE elf SIGNING. lHB D1lla.OSUlE HASBEEN SIGNED AND SEALED BY TIE UIIPER$IGNED. . TIIS D1SCLOlKJlE FOR CONFESSION OF "..IlOMEIIT II! EXECl/TEDON oc;TOBER 11,2003. IlORIlOWER: WAYPOlNT BANK ~ (.~~ -:1... ~/GH6-'1-1-.. LAID......................... .................................... ............... ~M MCI'IlLPI.1IIU'C ~... EXHIBIT B I IANGEIN TERM$;1(GREEI\' ~T Borrower: J ... J ............. I7li w.... Gnwe Road ~PA 1711S5 Lender. W.,.,olnI a.d< 235 NqrtII_ SInel p.o._tnt ......... PA t1105 PrIncIpal Amount: $143,753.68. Date of Agreement: December 3, 2004 DESCRlPTIOlI OF EICISfIIlG ~18lIESS. On 0clII1W 16, 2llCXl1lcllroww ~ and cIoIwred to Lander II'rornIsscIY Nola In .. ortgInoI prlncIpIII amounl ol TWo Hunchd Ten n-nd DcIanl ($210,llOO.OO), wIIh 1 coownI ptIncIpel ba/anC8 ol One Hundred FOlly ThrMcfhousand Sewln lfIlndrecI fifty 'I'hree 1I1cl6811GO ($143,TS3.68~ DElICRIPTIOlI OF ClWIGE III TERMS. EIIocIII9.. dIIIo of.. AQI.......-. ~ and Lander lIQI8t 10. ..... nolIh InIIIrasI onI)' padod lor.. paymonla clue No...G~ 18, 2004. D.lc..ilbel 18, 2004 and .-..y \8, 2llO5. __ mortiJ payments ol $6,324.I9"wI_... Febtuary 1&. 2llO5. .... OM.... baIoon paJI118Ill dill 0cI0b0r 18, alO8. . PIlOMISE TO PAY. J'" J HUIng, IIIC. ("llol.<l>~"" prQ.I~". to.ll" to W.,,- a.d< ("\..eIIdeI") or....... III ~ ..., of"~ ..... Of AMIea, lie ~ ..... Of One I......~ FcIrIJ-IIInl8 ~ senn ItInChd ~.. WlOO DolIn ($ta,-~ "1It- WIllI InIereSI 0(_ .... of U4K ..... _ 011 ilia IlIIpIIId pcfoqIal...... _11"1 nIltr a, 2CI04, UIIlI paid In fUI. PAYIIEIIT. _.. par....~ In ~_ lie ....."'__ IcII.1IUIe< ........ onIJ 011 llellnpllcl prlnc:lpal1IIIInce" be _..............tor lIIa 1*1 ..III. _llCI...aIllf t6, _.O...lIIhl tl, _ inti ~ II, 2G05. Blall. FeIlnlary'1, 2005 _ COIIIIluIngOll ... _"., of _ __........... 801_..,.,.... ~ In lIlI ",,=* of SI,JU.II_ __ _ _.....1IIIIoOII ...,.... of II.. "1lI .....c..... and...... 011 ~,I, 2001. 110Io ,^1InIII___OlI~,.._..1Htforll PIfnCIpaI_ 118CCfUed1nlelell 110I'" paid. ~- ~ ..... In1efeSI, \JIlIeSS DIheo..1igIeed or nqolIrM _IAllk' ll. laW. ....-.. be applied -10 "" --' unpaid InIereSI; then 10 pr:ncli!fI; lhen 10 fll'tlllplld Olla"aon COllI; 1I1cl.... to fII't.... ___ ......... OIIlhb AgrIlIl.R11s CDmpI_ 0111 3I$/aIIO almpIe .......1IIlIIa; IIIelIl, .., .......... lie nIIo of lie .......1nIeIest .... _ I.pw Of .. dIYI. 11M.'..... by lie 0IIIa1IftdlnI pr\I T. " ---... n.,1Jd_1IIa acIUII_.of...,. llepdnClpal ~ Is oulIIilncIng. eo.._ ... par Lender 0(.................. ~ _ or.. - - pIKe IS........ .., ........In.......,. PlEPAYIIIEllT PENALTY. ~ aor-'" ..loon.... and ~ tnonc. chargoo.. NIned IuIy IS ol" dIIIo ol.. _and wi not belWjlclllo Nfund _...., llIY1l1lIrit ~ \I!IlUnIIly fit IS . of cIefaIM), IIIl:Ipt IS _ .AIa ...pred by laW. Upon pqploi...... 01.... NIl" .," I......... '*..... to iheloloWlllIIPl.f rlW*d penlLIIy: A ~........,.. ... __ IlIIa NoIIIIs..........1n 1IIlole or In pII1, __............ perIOd. TIll... lie r' J.~ ~ 0(11Io"'- C2") 01'" pcfoqIal_......... A po fJ IIJ ._Iree.. 110I be ~ 011 fII't...... (Ilp 10 2K of lie adgInaI...lCIpoI--'l pIelMlId _ "" IIlIlI Pw _lr.l"11111'/DellII1Ied..... TIII_ _ ..... .. _ IS.., period Of _ ,... C_ I JICInt 0lI lie cIasIiII/ ... fit "" ~'" ..... IheRIof. I!rceplIor "1ongo\I"" a....~;lll'...,. ,.,11 Of'. pcdIln or lie ___ CIIled .......... . Is due. EIIIy PIJR*1lI wi not, ......1LQIIed 10 by Lendar In wrIInQ,........ _ ol ~ .l"L ~ . '" conIMIe 10 .......1*1_* undjIt lie pi""'" sCIiIcIoa _.18ItY .......* wi..... lie pdrlCIpoI-..e dUe and IlIIY _In IlOlIw.'I JI1llIcIng 1oWIr~. _ aor- not 10 send Lander pIJIllIIlII nwl<8d "paid In Y'. ......... __. fit -1a/1OUIV8o I ~ LIlII1CII aIICh . plI'tIIIlri. Lander IlIIY tiCCIPIl wIhoulloolng 11ft. ct \.IndeI'$ dghII uncIIr tit ~.. and - wll8IIlIIn 0IlIQIIad 10 JNI1 11ft _ __ -.110 Lendar. No WIlIIIn COIIlIlU1IcaIon ....-..Ill clIspUIod amounlo.lnclodog "'" check fit olI1ir parmonIlnotumenIlhIIlndIcIIos'" lie pi""'" COllIIlo8 -..."nent In Y' '" III __ -.I fit ..,1S1Il1dered.... oa. candIoo.. fit ........... fit IS U ~ 1 ~101l ol. ~.__ must ... II1IIod at claIMnd 10: WIIJIlolnIBaftk. 235 NcxIh Second ShaI, P.O. IlCIIc 1111. tfInlsbIrV, PA 11105. . Uo1ECHARGE. ."..".-Is t5 daYS.cr /IlClf8'" _wi becllalged _ or... ~ RbecIuIed pI1IIIIllI or 1'0.110, ~erls .,-. . . III1'ERElIT AFtER DEFAlLT. Upon ~ including faIkn 10 JNI1 upon -1IlIlIrIY. Lander. at II apIIon.rnar. ............. undareppllcalllllaw. ~1lI""""".on""~"'. 2.000 pole"dl"" poIIlIs. TlMI..............wI not8lGCeed lie ....................oIlIo.d byapplcat.ltlaw. . )udgmenl1S enIat8d In .<lI.l8OIon _ "*~ ......... wi! ~ 10 ICCtIIio oft ...19..,.... _ jUcIgn!In\ at.. 8lCIsIng......... ..Ie pRMcIedTorIn....AgI_....... . . IlEFAU.T. &clt ol "'" 1cIcMtng.,.. conaIIuIo an EwlI1I ol DtIIauII under.... ~QOIlt ....,........Def8Ill\. ~1aIs1o_lIftpl,......_cIueunderlhel__ . . 0IMr _..., _1010 10 ~ wIh fit 10 """"'" 11ft _ \ami, obItlatko~ COWII1InI Of coc.dlllon coclllll-.lln IhIo ~ fit In 11ft of Ihe AeIaIId __ cr 10 ~ wIh cr 10 """"'" 11ft \ami, cbIIgdon, ......... fit COl.dlllon .........e<t In "'" oa. --" belWMn l.8ndIr and eo.,~lAI.. . ~ In F_ or T1lInt....... Ilcllroww _ uncIIr 11ft Ioen, __. ol............." ~.. '*"'- fit .....1QI8III1lOl'I, fit 11ft caw 1Cl'-1l, In laver of any _....... fit ....- tltaIrnar IIIIlolIaIy dIcIany of Boo."".... p<<>perty cr IlcllI'llwllO lIIlIty 10 petlcrm IlorYowllf'a cblIgellonl under IhIo ~ fit 11ft of Ihe RalIIId ~ F.... SI"l...P"" Artf wwranIY. IlIp/8S8lllIIIa or 01 "...... __ fit MnIshocIIo Lendar by _ cr on IlcllI'llwllO bllhaII uOdar .... Awl......... fit "'" RaIaIod __ ISIaIsll fit miSlMcInQ In 11ft........ """""'" _ _ fit at "'" Ime ....... fit MnIshocI fit becomes IaIIe fIt~atllftlme_. 1IWof>-lC1. TlMI dIISCIUIon or................ ol ~ J,ll ""'IS I gdng b......... III -.cy 01_." ~......... oll_ lor 11ft pM of ~ poaperty. 11ft ..........18111 lor .. bIneII ol credlln, 11ft type ol ........ walcouI.fIt "'" ........._11 ol 11ft . po ~ J ."11 under 11ft ~ Or ~oodvency _ by cr agalnslllcxrilwer. . CtecIIOr or FOrfeIhn PtDClldII.... ~1"'acem8lI" of torecIasIn or forfeIbn proCI.dIlnos. whettB' by jucIIcIII .,.C1=1I f''Q. .......... fill 1\, [,' "" Of 11ft _ tI1Ilhod, by 11ft ........ of Ilcllroww fit by 11ft lIQYIIMIII1Ial ~ age/nIl 11ft oalIaIoral iI8ClaInII .. h1deblldl-. 1l1lt IncIlldes a ~ ol any of ~ -..Is, IIlcIucIrog deposIl-. wIh Lendar. .-. IhI8 EvenI 01 DeIa'" ..... not apply'''''' Is I l/OOcllallh dIspuIo by _IS 10 "'" vaIdIy fit ceuonabIaol8SS 01 "'" ctaIno \lIhlcl1 Is .. basls ct "'" craclIlcr cr -- "'_'II and . Bcrroww gr,. Lender _ naIc:e of.. _ ... fatfollln '" ,c. t 111'11 and deposIlS wIh Lendar ......... ... I surely bond for'" _ fit _ "'''''''''''11. In In lmounl_..o/;.e<t by Lender. In Is SOle -. IS beInII an adequate ...... Of bond lor lie dlspUIe. _AIIecIlng o-tor. Arrt 0I1he PAlC8<lII'II_ llCCUl$ wfth respeclloany _ ctany 0I1he I,_IOSS Of "'" G............ dies ... becomes ~ or _eo cr dispules... vaIdiIy of. cr IabIlIly under. any GU8I8I1Iy 0I1he 1__ avlden!>ed by IhIo Nola. In Ihe Loan No: 887SOO5233 .~GE IN TERMS AGREEMB (Continued) Page 2 . -.I oIa death. Lander. at b opIQn, may. but thIll net be I8lIl*ed 10, penI1IIlh8 GuIIanIor's .... to.......... UI....'........, II1e abIgd... ariSIng underlh8 ~lna"..,.. ~to Lender. and, In dcIng~ CUI'8..,y EwnI 01 DelauI. . ClMlnIlllIn o.."",tliIp. My chango In ownership 01 \wenI)'-IYe perconI ~) or more of Ih8 _ stock of eorr-. ~ CIIInge. A....... acMnB change _ In ~ InancI8I con<IIon, or l.endOI: beIIB>M Ih8 pnlSpICl 01 ptI/I'IWlIi or petfonnonee oIlI1elndebledness Is 1mptI/red. CUre PnIVlIIoIIL ...,y dela1AI, Cllher than a cIeIauIln pa,ment Is ClAbI8 and . ~ bas net been ~ a neb oIa bftadI 0I1ht -- ",lMston oIlI1Is ""'_... """" Iht "'-..'" \lI!eM (12) mOnths. . may be Clnd . ~, after ~ wrIIIn noIca tam Landor _ICIng Clnolsuchdelld (1) CInS" cIeIauIwtillllMn (15) days; or (21 ...cure requIIes _lhan..... (IS) da)'l, ImraeCIaleIy ~ ... whlch lander deemS In Lander's sale dls<;IeIo<1 10 be IUllIdenlIO Cln Iht delalM and ........ ccnInues and compIeIes II reasonable and OIl( J II Y Ileps SUIIclsnIIo plOCIuCe coc ",lanee II soon II _1IbIy pnICIIcIl. LBalER'I RlOHl'I. \lpoI1 dela1AI, Lendar "l;, after gMng such naIcss asl8lll*ed by eppIcIbIo laW, cIeclsN Iht .... unpsId ~ ~ ~ .... .......... and 11-* &qlIld Inllnsl .necIalsIy due, and fhen ~ wi pay thII amounl. . . 1111 CIllIImI' FEES; I!Xi'ENSEll. Lander may """ II!' pay _....... f1eIp coIeCIlI1Is AgI_."".. . BQmllIW does net pay. Iloo~WI.pay Lender 111I......... 1Ns Includas, UjsClIo any ..... under appI;lIbIe law. LendaI'I ... lees and Lendal'l1eQsI tllP&ftSIS, ...-... or net ...... Is . ...... h:IIdng ~ ... """""_ lor banIInPcr .....-ct._ (lnduclIr'l/ sIklIls lD.1IlOCIIy or _ ..,y UcnIIc.stay or fIluncIOnJ. and IIlPIIIs. . net pldillllod by IpIl6:r~1e laW. ~ IIso wi pay..,yCOlll cosls, In adcIIIon 10 II olhw _PtMled by law. JlI'lV WAIVER. ~ and 1lo.,_.4" ....., ..... Ilellght lD onr jury lllII In onr ........ Pfllnl Ill.... or ..4Uiu4eotlllM --by - LenderOl........................_. . (JCM!RIIINGLAW. 'llUA"oIJ I ...... lIOIl........ by"""'" ..i-:1111 lD~and.tolhe-"1IOC prn..IJlIMbyledonl.....lhe 1liWS "'... Coot b~ I....... "'......,..,.... ""'*" ~to" CCIlItI*",...provlIlons. 'llU "".u'eRl.... _ .<<epled Ilrl.edderln ..~"'~ CHOICE OF YEIQ!. ir.... Is a ....... ~ _ upon Len.det'S J8ClUISlIO submlllo tile jUIlSdIcIIon 0I1h8 CIlIOis Of.~ CounlY. Commomtleatlh orPII.II)fvML. . ... . 'RIGHI' OF 1mOFF. To ...axlanlponnIIIlId by appf"......w. Lander _ a rfgI1l of IIIolIIn II &...4\...... ~ wtII1 Lander ~ chIcldng,..\IIngs, 01_ oII!er -.nl). 1Ns Includes 11-* ec..- hCIldsjolnlYwtII1_I6"" and II""""""," - may....., In ... ~ ~..... does not '"'*"'" any IRA orK8ogh occounIs, or any WII__lor wHclIsoIDI -*' be ",vlt""'" Ilr law. - .- Lender. 10 .. axIanI ponnIIIlId by ~ ~"Ie .....10 C!*lI8 or soIDI 11_ owlng on'" ~odoI."d ... ag8Insl..,y and lIsuch--. CCllITlIlUIHG VAUllITY. ElapIat _wi! Cl1Il'l/lId by lhII AQI'-" .. ... Of.... ClIlgIno/ ~.cr. ""'galall.. h:IIdng .. .......... MlellOIldcirsecull'l/" obIgeIao(o)......... ~ and In M_and.eIIod. ConNalby~Io...."",_lI does net....Lander's rfgI1lla *let 1*100_ Of 1h8. ~ ~ "0 (o).as eIlInged, _ ClbIgIIi Landor 10 ..... UW........ CIlInge In....... IlaI*'9 In tis AQIMo"",,, wi con.llul,. ./.JIlIlJIool Of.. n. - (oJ, Ills.......... Of L.Indar", _ as 1IsbIe...... 11_ and ......... of" ~ -tlLJ'~(.). IncWng _..ocIoIo......... ....... a pIIIy Is ....._ JWIeIsecIIlrL.lndar In WIlIng. My...... or endaISer.InCIUdInlI-.....o4ILo. ...... wi net be........ by"" of tis AQr....... . any J*'OII whO sIlIIl8cI".qr,w ~ III . does netllQn 1lIs/lfjl-'" baloW, fhen.. pIIIOIII s9*'lI baIoW _~ ....lI1IsA,;n .....11 Is ~ coc........,. baed on ............lD ~..... --....*'" pl/\)'cco-* 10 II1e chInges ani:lllf'Olllillal. of lI1Is AQIl..ol...1I at oIIleIwra. wi net be Itleased by L ThIs WIMIr sppIIeI net ~ 10 any IrilleI """"'*".. "It - .').. at ...... bIlIlIso 10 II suc:Illllb$equenI acIIanS. . .. ~ 10 ~ FOR CXlNFESSlOII OF J!.JJGMllKT. #II IIIlHbI, lied "llISCL0SUIE FOR CONFESSION ~ ,IUDGMENT."1s '. 10 lhII Aoo_'1111d by ....1'IIeo.rca Is made a poll Of.... AgI_16I1I juoIaslJ II'" po"""''' _ and w.... 0I1I1e ExI1IlI had _llAIy..._In....AgI_11. ~. ..,~Ill. TIlt Ienns of Ills AQree.....,1 shsI be binding upon ~. and upon ~ ....... pelIOI1Il ~ " " cn.1IId auIgns, and sI1II be..1.. ,lIlle by Lender and b a~ IIId ISSlgns. M1sCELLAflEIClOS PROYISIONS. Lander ~ dally or loIVO .1o...l"lI ",." Of b rfghIs 01 ,.,.1111 undot lhII Agr-.I wII10ul ~ ...... &..._1IId any oIhir....- whO IIgns, guIl'II"11 or~ lhII AlII-1I, 10 1I1e.rent atowecI by law....... p_"'l~'" domInd lor ~ and natIce ill dishonor. \lpoI1 MY llhallge In ... _ of Ills Agreed...... and __ 01........ ..".-<1) IIolod In WIlIng. 110 IlIflY whO signs this ....,......... ......... as tnIIcIr. guI/II1IOl'. _o/llOClalon ...... or~. sI1II be JWlelseclIIOIIIIIIbIIr. ,..such.......,....' L.Indar may..... or _ (-""'Y IIId lor any IongIIt 01....) tI1Is 101II at....... any pi/\)' or....... or ell' rU; or......, IIIIlD...... upon 0I1*leGl LancIor'a ....ar .......... In ... caIalelaI; ..... like any olhw acllon -..cl .-.y by Lendar wIIIoul... ~ Of 01 noIIce 10 ~ ,..1UCh....... _... Landor may mocIIy Ills 101II wIIIoul... ~ of or natIce 10 anrone cIIIIt _ .. pi/\)' wIh _ Ih8 .no," ,"".1&_ TIltdlladano undor INs AgIMo.... -)aInI and -.L 1I..,y pcrtlon "'.... ~1I1s lor..,y _ ........-110 be Ulo8lllao-.. wi netllloclh .1..0000000y Of anyolhw pnwIolons Of lI1Is 'Y"""'" COIlI'l!llSIClI OF oUlGMEIIT. IlORIIOIftiR tt:!lEBY lRRE\IOCAIl.Y A1JTHOAIZES IHJ EMPOWERS AI<< ATTORNEY ORnE PROTHONOTARY OR a..ERK Of' AI<< COtJIT IN THE COMMONWEALTH Of' PENNlM.VANA, OR asewH:AE, TO APPEAR AT AI<< TIME FOR IlOAROYIa! AFTER A DEFAULT Ua:R llIS AOREEMENl' IHJ WITH OR WI1llOIJf COMPIAIHl' FI.EIl. CONFESS OR ENTeR .JI.I)GI,lENr N3HHST IIOAAOWER FORnE EN'l1RE PRNCIPAL IIAI.ANCE Of' THIS AGREEMENT IHJ ALL ACQU:I) 1NlSlEST, LATI! CIWlGES IHJ AI<< IKJ ALL AMOUNrS EXPENDED OR NNAHCfiD ff'( LEN)ER RELATlHG TO AI<< COI.I.AllWL SECIRNG nE INllEB1EDNESS, TOGE11ER WITH COSTS Of' sur. Nt) AN AlmRNE'I'S COMMISSION Of' TI!N PERCeMr (1"') OF THE UNPAID FAlNCIPAL IlAI.AHCE IHJ ACCRUED IN1EREST FOR COLLI!cnoN. IIUl' IN AI<< EVEHt NOT LESS TtIAH FIVE I<<JII:RD DOll.AA8 ($500) ON WHICH .JlJDGMeNr OR JUC)GMENl1l ON! OR MCIFIE ElCECUl10NS MAY ISSl.E IMMEDlA1S.Y; IKJ FOR SO DClING, llIS ....fl::MEM' OR A CIJf"( ~ THIS AGREEMENT 'IEAIF1ED IJ'( Nft)AVff SHALL BE StI'FIClENT WAARANl'. THE Al1lHOAITY 0RANlED IN THIS AGREEMENr TO COfoFESS JUDGMENT AGAlHST BORROWER SHALL NOT BE EllHAUS'lED IJ'( N<< ElCERaSIl ~ THAT AlITHORITY. IIUl' SIfAU. CONTINUe FROM TIME TO TIME 1HJ AT ALL TIMES UNTI. PAYMENl' IN F\JU. ~ ALL N.tOUHTS DUE \JNIlER THIS NA .EE11EHT. IlOFlAC1t'IeR H:AEBY WNVES AI<< RIGHT IIORROWER MAY HAIlE TO NOl1CE OR TO A H:ARlNG IN CXlNIECnON WITH AI<< SUCH CONFESSION Of' JUDGMENl' AND STATI!S THAT EITHER A REPAESENl"ATlIIE Of' LEIIlER SPECFICALI.Y CALlSllllS CONFESSION OF JUDGMENl'PROYISlOH TO B<:lMOWER'S ATTENTION OR BOmOWER HAS BEEN REPRESENlED BY IN:lEPENlENT lEGAL COUNSEl. CONTlNUI!D ON NEXT PAGE Loan No: 887S005233 ~GE IN TERMS AGREEME I (Continued) Page 3 PRIOR TO SlGIIING TItS #.GI eEMEHt,1IORAOWER READ AND UNOERSTOOD AU. TIE PROVISIOIIS OF TItS AGI""""E"IT. IlORROWER AGREES TO TIE TERMS OF TIE AGllEEMENT. . TItS A'" IIIENT IS Q/VEII UI//lER SEAL AND IT IS INTENDED 11/AT TIllS AGREEIIEHT IS AND SHAll. COfISTlTlllE AND HAVE TIE EFFECT OF A IIEALED INSTRUMENT ACCORDING TO LAW. BORROWER: U!JlDER: I WAYPOIHT BANK ~. lL..~ . . . . . 1J X.;~ . """'..'-Alt..,............. ................................_...... M............ -M'*""""'UO............ ''':'- re .;. (';.' ," .:~ .: ~. ;,;;..Y;i .~.;.: ~:; ":'.'" ...:: . DISCLO~RE FOR CONFESSION OF .JDGMENT Borrower: J" J HauIlng, Inc. m WIIIas GloYe AoIllI MecllInIc8lHa1I PA 1'/055 Lender: WorJIClInIll8IlIc 23S Ilorlh s-.d Slnlel P.o._ 1711 HentsbUrg, PA 171M TIIIa Dl5a..OSlR! FOR co.a ESSlOtI 01' JUDGMEICT bllllached luncl by _,...101 b-......of IleCllanOlIn T...... AgIeelllnt. dalId Deel~ 1,2004, ancI-'H In _le_.....1oan 01'_.......... _,...._ns....... WAYPOINTIWlK 11III J"J HouIIng, Iftc. TIE UNDERSIGNED BORROWalIS ElCECUllNG A CHANGE IN TEAMS AGREEMEH1' (lbe.~ 08\..IGA'IIHG M IlORAClWER TO REPAVl1iAT AMOUNT. #.. llllDERSTAIlD THAT TIE IV 1EfIFIlT COMTAIlII A COIlFf:SSlON OF .RJDGIENT PROVISION THAT WOW) PERIIIT LENDER TO ENTER JlA:IGMEIIT AGAINST TIE 8OMOWER II COURT, AFlER A IlI!I'AlI.T 011 TIE IJ1A """"1', Wl11tOUI' IIlNMCll NOTICE TO TIE ..o....owER AlII) WlTHOUl' 110. ___J lIE IIOAROWER At! 0Pl'0RlUIIlTY TO IlEFEIlD AGAIIlST TIE ElI1RT OF oIlD---IT. 1M ~ lIE AG.IEU ENT. IIEINQ FW.Y AWAIE OF lIE r.oRROWERS IIIGIII'8 TO IIlNMCll NOT1CI! AlII) TO A tEARING TO CON..,... TIE VM.IDfTY OF Nl'I oUlGlElIT OR OTII!R a.AlMS THAT LENDER MAY ASSERT AGAINST TIE llClAROWEIIlIIDIiIl TIE AllN:l!J~IT. .. 011 \IBW.F OF TIE IlCAROWEIl, AM ICNOWINllLY, IN1B1JClEIITLY. AlII) VOWIITARlL Y WAIVING TIEIE RIGH1'S, INCI'''''"'CJ NfY NGHI' TO IIlNNlCe NOTICE 01' TIE ENTRY OF oUlG~1I!I1T, AIlD I ~Y /111I& NID COIllElfT TO LENDERS CIO'cnmO JlIlGMENT AGAItISTTlEIlORROWERBY Cl:l1_ D1M<Ml AS PRlMIlED FOR II TIE co.. JBI3 OF oUlGlElIT PACMSIOIl. B. I RlR1lER UllDER8lNID THAT It ADIJI110H TO GMNG LENDER TIE RIGHT TO ENTER .lUD\il1 I AGAINST lIE IlORROWER Wl11tOUI' NliIl4Cf!. HOTICE OR A HI!MINO, TIE COIL ~ION OF JUDO"" .PAOVISIOII It TIE AD"--"l1T M.SO COMTAIIS I.ANGWdlIl THAT WOULD PERMIT I.EIIIlER, AFTER ENTRY OF oPJDGIIENT. TO EXECUTE 011 TIE oUlOMENT BY I'OIlEa OSINO lI'ClN. ATTAaIfIG. LEVYIIKI OH, TAICIIIG POSSESSION OF OR cmlER WI$IlllelZlNG 1llI! ~ ....A IE>.,Y. It F\lI.I. OR PARTIAL PAYJENT OF TlEoUlGlIENT. ItOlIIIEWR, LENDER MUll' PROYIIlE H011CI! TO 1llI! IIOIlHOWEIl UIlDER AI'FLICNIJ! LAW lit ElIECUnIIG NfY COI__SBI JIIDGMBCT. lit ElCECUI1NG TIE MI 'TlfT.1lEIHCl IULY AWAlEOFIIY RIGIIfl'1I TO IIlNNfCE NOTICE NID A II!AIIIIlG H'TI!R .IllIGl,laCT IS b..~ NID IlEI'OflE ElCECUTIOIl ON TIE ..'IIlGIl""'IT. I.AM lCJlOWIHGI,y. INTB.I.IGEll11.Y NID VOWIITARlLY WAIVIIf~ TIESE RIGHTS,.NID I EXl'RESSLY AGREe: AND CONSeNT TO LEflDERS EXECUfIIIQ 011 TIE ~.IN NfY IWIHER PERMITTED BY API'IJCAIlU! STAll! NID FEIlERAL LAW. C. AFTER HAVIHO RE.AD NID ........wIIED WHICH OF TIE FOU.OWIIfG STATEIEIfTlI AlE AI'l'LICABLE, AND BY PLACIIlG MYlHITlALS IEltTTO EAOt STAlDAENT WIICH API'I.IES, I REPRESeNT THAT: . INITIAI.S 1. I WAS REPRESENTED BY MY OWN ~T LEGAL COUNSEl IN COI..eellON WI1llllE.AG. ..,...,.. 1'!.4)() 2. A AEPilESEHTATIYE OF LENDER ~Y ~ TIE COI_ ..s.<lII OF .RJDGMEIIT PROVISION IN lIE AGREElEHT TO MY ATTENTlOII. .. D. I CElli*' THAT TtE llClRIIOWElla AIlIlUAL IIlCOIII! l!lCteEDS 810.-.00; THAT TIE Bi..ANKs IN THIS Dlsa..osuE WERE FI.1ED IN WIElIIINITIAI.ED AND SIGfED IT; AND THAT I AECEIYED A COPY AT TtETlMEOF SlGNING. THIS DlSQ.OSURI! HAS BEEH SIGIlED AND SEM..ED BY TIE lIID6ISIGNI!D. . THIS DISa.OSUlE FOR CONFESSION OF JUDGMEICT IS EXECUTaI ON DEcEtMleR I, 2004. BORROWER: LENDER: WAYPOlNTBANK ~~ ~ ~ -' \MP1'IlO..................... c.,r..........................._....... ................ ..M taNI'L-.oN.............. .-- ----- --------------- . ------ --- E1OIlBI1'C . .!. , , , I ; Ji. I. ; i' f t f. .< ~. , , " 1 .,,:. september 27, 2005 VIA UPS OVERNIGHT DELIVERY J & J Hauling, Inc. .. Joseph R. French, President 675 Williams Grove Road Mechanicsburg, PA 17055 Re: Loan Arranaements Between SovereIGn Blink (the "Lender"'l and J & J Haulina.lnc. (the "Borrower"'l ' Dear Mr. French: Reference is made to that certain Promissory Notes In the original principal amount of $10,000.00, dated October 31, 2003 (the "Credit Note"). and a certain PromlssOl)' note In the original principal amount of $210,000.00 (the "Term Note"), dated October 16, 2003 executed and delivered to the lander by the Borrower. ThIs letter 'i constitUtes formal notice to the Borrower of the occurrence of several Events of Default . ,~ under the CredIt Note and Term Note Including, but not limited to: . .'" ,a.,. ../ 1. The borrower has failed to make all payments when due under the -;v indebtedness. .~. . , . ,,-, As a consequence of the occurrence of this Events of DeCault, the lender is imposing the default rate of Interest equal to an Increase of 2.00% on the Tenn Note and an increase of 3.00% on the CredIt Note. The lender reserves aU rights and remedies avallable to it under the Credit Note and the Term Note and under any and all other notes, instruments or agreements between the lender and the Borrower (the "Loan Documents"), or applicable law, all of which are expressly hereby reserved. No discussions between the lender and the Borrower conceming this notifICation, other loan reIatIonshlp$ between the lender and the Borrower, or any other matter shall Imply an agreement on the part of the lender to waive any of Its rights and remedies or to forbear from taking any action authorized by the loan Documents or applicable law, whether or not such d'lScussIons may be continuing. The acceptance of any partial payment of any of the obligations of the Borrower to the lender shall not be deemed a waiver or limitation of any of the Lender's rights reserved herein as to the full amount of any unpald balance. Any delay or forbearance by the lender in the enforcement or pursuit of any of Its rights and remedies under the Loan Documents or applicable law shall not constitute a waiver thereof. nor shall It be a bar to the exercise of the Lender's rights or remedies at a later date. Please do not hesitate to contect me should you have any questions or concems. . IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment Commonwealth of Pennsylvania County of Delaware AFFIDAVIT OF NON-MILITARY SERVICE Before me, a Notary Public for Delaware County, Pennsylvania, personally appeared Jeffrey 1. Goodman, Attorney for the Plaintiff in the above entitled case, who being du1y sworn or affirmed according to law deposes and says, that the Defendant above named is not in the military service of the United States of Aineric~that he has personal knowledge that the said Defendant's last-known address is675 Williarris Grove Road, Mechanicsburg PA 17055. Sworn and subscribed before me this ~ day of A vs ..,<,..r, 2006 ~hJ~Mt7o/' otary Public My Commission expires: 1b/o g an, tto y for Plaintiff 20~'5 -ARO 2 Aldwyn Lane Villanova P A 19085 J.D. No. 62689 COMMONWEALTH OF PENNSYLVANIA No1ariaI Seal Helen M. Malloy. NoIaJy Public Man:us Hook Bolo, ~ County My CommisSiOn ExpiAlsApr. 22, 2008 Member, Pennsylvania AssoclaUon Of Notaries ~ t1.\~ _ ~ C> ;~~~ ~ lJ) (JJ 1? ~ -t:: r-- n '% Q. ~.,.; ,:;;... -\ '. ~ ~?1 c:;""? -t.~ rD. _, -11<.,' 1':::;:" 1':."'<..':' ~~~,;J , ~. {;f{. ('-~ ::::: ~-~ ( .~ ." 2i5. ,.., '-'" ::<<. :.~ ~ e IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA vs. CIVIL ACTION No. ex- -JJ1P7 (!.(~l.tT&L.~ SOVEREIGN BANK Plaintiff J & J HAULING, INC. Defendant Confession of Judlm1ent OFFICE OF THE PROTHONOTARY OF CUMBERLAND COUNTY CERTIFICATE OF RESIDENCE PA. R.C.P. 236 I hereby certify that the precise mailing address of the Plaintiff is: Two Aldwyn Center East Lancaster Avenue and Aldwyn Lane Villanova P A 19085-1420 I hereby certify that the precise mailing address of the Defendant, J & J Hauling, Inc. is: 675 Williams Grove Road Mechanicsburg P A 17055 Dated: August 10. 2006 By: oodman s A mey for Plaintiff 2 36-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 I.D. No. 62689 a c -,r -- -CD) rn1Y Zc).) ~\~~' r:: l ~, 5~ ~~:: ~ .~ ~ = 0' ".. c:: "" N ~ ~ ~'~ 110 ~)b c.;.,; ."1: .....'\ ()= 2M o ."1 ~ po ::l!: c..:> ..... IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. Dt. -41P7 C;c.>~L ~~ vs. J & J HAULING, INC. Defendant Confession of Judl!:lllent Commonwealth of Pennsylvania CountyofNortharnpwn AFFIDAVIT OF DEFAULT AND BUSINESS TRANSACTION Bruce S. Spadaccia, being duly sworn according to law, deposes says he is Vice President for Sovereign Bank, Plaintiff, herein; that he is authorized to make this affidavit on plaintiff's behalf, that a true and correct copy of the Note containing the warrant of attorney upon which judgment is confessed is attached to the Complaint filed in this action as Exhibit "A" and "B"; that the Note constitutes a business transaction between plaintiff and defendant; that judgment is not being confessed against individual persons in connection with a consumer credit transaction; and that Defendant is in default under the Note for the reasons set forth in the Complaint. Sworn 8Jt~ SUbSCrib~~~~~ me this ~ay of , ~ l. ~ h..!li) OWy~ My Commission Expires COMMONWEAlTH OF PENN Nol8daI SMI Male A EcIcn81, NolIry PuIIIc CIly Of EastDn,l'bll8olojllM ~ My Commls8lon ~Jli; 8, 20llI Member. Pennaylv.nlll__ OfIlollMl :~~ . acc Vice President -,. ~ g S -00:' n1(l~ 2.:;1-"' Ztt., ~'~.i r;: t, ~'(~~) J;>C ~ ,..., = = C7' ".. ~ N ~ ~:D -olii e56 ::;:!-ri .L-n ~ '5Pn :::: "'-i ~ ~ :r:- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION (!'tc.>~ l <-r~~ No. ex, - Jfll'1 vs. J & J HAULING, INC. Defendant Confession of Judgment SECTION 2737.1 NOTICE Pursuant to 42 Pa. C.S. ~ 2737.1, attached hereto are written instructions regarding the procedure to follow to strike the confessed judgment entered against you. Please be further advised that if you have been incorrectly identified and had a confession of judgment entered against you, under 42 Pa. C.S. ~ 2737.1 you are entitled to costs and reasonable attorney's fees as determined by the Court. Dated: August 10.2006 By: odman s Att ey for Plaintiff 20- 6-ARO Aldwyn Lane Villanova PA 19085 Phone: 610-526-6313 J.D. No. 62689 e, ~" ~'O ;;:t', \"\11:'.' ~~'.' r;\. <- ~~I2: z ::2 ';;;i:. ~ ~ c;') N - ~ ~~ -ot!:! ~~, ~ ?~75 ..,.. Off' ::::: ~=-\ ~ ~ .!;:" \ Pa. R.C.P No. 2959 PURDON'S PENNSYLVANIA STATUTES AND CONSOLIDATED STATUTES ANNOTATED PURDON'S PENNSYLVANIA CONSOLIDATED STATUTES ANNOTATED PENNSYLVANIA RULES OF CIVIL PROCEDURE CONFESSION OF JUDGMENT FOR MONEY. Current with amendments received through December 1,2003. Rule 2959. Striking Off or Opening Judgment; Pleadings; Procedure (a) (1) Relief from a judgment by confession shall be sought by petition. Except as provided by subparagraph (2), all grounds for relief whether to strike off the judgment or to open it must be asserted in a single petition. The petition may be filed in the county in which the judgment was originally entered, in any county to which the judgment has been transferred or in any other county in which the sheriff has received a writ of execution directed to the sheriff to enforce the judgment. (2) The ground that the waiver of the due process rights of notice and hearing was not voluntary, intelligent and knowing shall be raised only (i) in support of a further request for a stay of execution where the court has not stayed execution despite the timely filing of a petition for relief from the judgment and the presentation of prima facie evidence of a defense; and (ii) as provided by Rule 2958.3 or Rule 2973.3. (3) If written notice is served upon the petitioner pursuant to Rule 2956.1 (c )(2) or Rule 2973.1(c), the petition shall be filed within thirty days after such service. Unless the defendant can demonstrate that there were compelling reasons for the delay, a petition not timely filed shall be denied. (b) If the petition states prima facie grounds for relief the court shall issue a rule to show cause and may grant a stay of proceedings. After being served with a copy of the petition the plaintiff shall file an answer on or before the return day of the rule. The return day of the rule shall be fixed by the court. by local rule or special order. (c) A party waives all defenses and objections which are not included in the petition or answer. (d) The petition and the rule to show cause and the answer shall be served as provided in Rule 440. (e) The court shall dispose of the rule on petition and answer, and on any testimony, depositions, admissions and all other evidence. The court for cause shown may stay proceedings on the petition insofar as it seeks to open the judgment pending disposition of the application to strike off the judgment. If evidence is produced which in a jury trial would require the issues to be submitted to the jury the court shall open the judgment. (f) The lien of the judgment or of any levy or attachment shall be preserved while the proceedings to strike off or open the judgment are pending. IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK CIVIL ACTION doL l0Wt Plaintiff No. C>l, - '11P1 vs. J & J HAULING, INC. Defendant Confession of Judl!ment NOTICE UNDER RULE 2958.1 OF JUDGMENT AND EXECUTION THEREON NOTICE OF DEFENDANT'S RIGHTS TO: J & J Hauling, Inc. 675 Williams Grove Road Mechanicsburg P A 17055 A judgment in the amount of $65,319.02 plus per diem interest ofSl0.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) plus costs of suit has been entered against you and in favor of the Plaintiff without any prior notice or bearing 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 TO STRIKE OR OPEN JUDGMENT THEREBY SEEKING RELIEF FROM THE JUDGMENT STATING ALL GROUNDS FOR RELIEF IN A SINGLE PETITION 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 TIDS 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. LAWYER REFERRAL SERVICE OF THE CUMBERLAND COUNTY BAR ASSOCIATION 32 South Bedford Street Carlisle, PA 17013 (717) 249-3166 or (800) 990-9108 (in P Dated: AUl!ust 10.2006 By: (') c s:: 'Urn rnr!: Z7- Zr 6'~1 :t~' -< ~.>-. !:<:C~ ?r'; ~~.? ?, =< ...., g "'" > c= G") N o " .~ n1~ =B9 ~~) :1:+1 > QB :x: L_ m - Q .. > W ~ s:- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION SOVEREIGN BANK Plaintiff vs. No. Dl.. -.J.f1l'7 J & J HAULING, INC. Defendant Confession of Judgment NOTICE OF FILING JUDGMENT e'-to ~ L J- ~ () Notice is hereby given that a judgment in the above-captioned matter has been entered against you in the amount of$65,319.02 plus per diem interest of $10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) plus costs of suit on the :;:},rhfay of lJu't ' 2006. () A copy of all documents filed with the Prothonotary in support of the within judgment is/are enclosed. Pro By: If you have any questions concerning the above case, please contact the following party: Jeffrey 1. Goodman As Attorney for Plaintiff 20-536-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 LD. No. 62689 (This Notice is given in accordance with Pa.R.C.P. 236.) Notice sent: J & J Hauling, Inc. 675 Williams Grove Road Mechanicsburg P A 17055 SHERIFF'S RETURN - NOT FOUND CASE NO: 2006-04787 P COMMONTWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SOVEREIGN BANK VS J & J HAULING INC R. Thomas Kline ,Sheriff or Deputy Sheriff, who being duly sworn according to law, says, that he made a diligent search and inquiry for the within named DEFENDANT but was J&J HAULING INC unable to locate Them in his bailiwick. He therefore returns the CONFESSION OF JUDGMENT , NOT FOUND , as to the within named DEFENDANT , J&J HAULING INC 675 WILLIAMS GROVE ROAD MECHANICSBURG, PA 17055 BUSINESS IS SUPPOSED TO BE LOCATED IN DILLSBURG - YORK COUNTY. Sheriff's Costs: Docketing Service Not Found Surcharge Postage 18.00 8.80 5.00 10.00 .39 42.19 / 1/;, Ie ~ tf-. Subscribed to before so_~ R. Thomas Kline Sheriff of Cumberland County SOVEREIGN BANK 08/28/2006 Sworn and me this day of A.D. IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION vs. No. o{. -4~f7 C!lcJ~tT~ J & J HAULING, INC. Defendant Confession of Judgment CONFESSION OF JUDGMENT Pursuant to the authority contained in the Warrant of Attorney, a copy of which is attached hereto, I appear for the above Defendant and confess judgment in favor of the Plaintiff, Sovereign Bank, and against the Defendant, in the amount of $65,319.02 plus per diem interest of $1 0.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) as follows plus costs of suit, itemized below: Un aid Principal Amount Interest to August 8, 2006 Late Fees Contractual Attorney Fees (10%) TOTAL Per Diem Interest from August 9, 2006 until paid in full (including interest post judgment er contract) plus costs of suit. $ 52,977.38 $ 2,089.35 $ 4,745.62 $ 5,506.67 $ 65,319.02 $ 10.65434 Dated: August 10. 2006 By: ~~ ~ -------. Judgment entered as above. oodman orney for Defendant 2 36-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 J.D. No. 62689 TRue COPY FROM RECORD III TIIIIL,,_., Whereof, I here unto lit lIlY flInG IIId -." ~ CaIIIlt. PIa. '-~~~O~. r'~~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment COMPLAINT FOR CONFESSION OF JUDGMENT Plaintiff, Sovereign Bank, confesses judgment against Defendant J & J Hauling, Inc., a corporation, in the amount of $65,319.02, plus per diem interest of $10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) plus costs of suit as provided for in that certain Note, and in support thereof avers as follows: 1. The Plaintiff is Sovereign Bank, successor-in-interest to Waypoint Bank, a corporation organized and existing under the laws of the United States of America, and it is registered to do business in Pennsylvania, with offices for the purpose of doing business at Two Aldwyn Center, East Lancaster Avenue and Aldwyn Lane, Villanova P A 19085-1420. 2. The Defendant is J & J Hauling, Inc., a corporation whose principal address is 675 Williams Grove Road, Mechanicsburg P A 17055 (the "Defendant"). 3. On or about October 16, 2003 the Defendant executed and delivered to Waypoint Bank a Promissory Note in the principal amount of $21 0,000.00 and an accompanying Disclosure For Confession of Judgment (the "Note"). A true and correct of copy of the Note is attached hereto, incorporated herein and marked as Exhibit "A". 4. On or about December 3, 2004 the Defendant executed and delivered to Waypoint Bank a Change in Terms Agreement and an accompanying Disclosure For Confession of Judgment (the "Change in Terms Agreement"). A true and correct of copy of the Change in Terms Agreement is attached hereto, incorporated herein and marked as Exhibit "B". 5. Sovereign Bank, as successor in interest to Waypoint Bank is the holder of the Note and the Change in Terms Agreement (collectively, the "Instruments"). 6. The Instruments have not been assigned other than to Sovereign Bank as successor in interest to Waypoint Bank. 7. That the judgment to be entered does not involve a loan defined as a "consumer credit transaction" in accordance with Annex A. to Title 231, Chapter 2950, Rule 2951(a)(2). 8. That judgment has not been entered on the Instruments in any jurisdiction. 9. The Instruments are less than twenty years old and no application for a court order granting leave to enter judgment after notice is required. 10. The Instruments provide for confession of judgment against the Defendant after default under the Instruments. 11. Sovereign Bank has exercised its right to confess judgment pursuant to the terms of the Instruments for an amount which the Defendant may become liable. 12. Defendant is in default under the terms of the Note. 13. On or about September 27,2005, Sovereign Bank sent written notice to the Defendant via overnight mail notifying it of the default. A true and correct of copy of the written notice is attached hereto, incorporated herein and marked as Exhibit "C". 14. As a consequence of the Defendant's failure to cure this default, the Defendant is liable to Sovereign Bank for $65,319.02, plus per diem interest of $1 0.65434 until paid in full (including interest post judgment per contract) as of August 9, 2006, plus costs of suit, itemized as follows: Unpaid Principal Amount Interest to August 8, 2006 Late Fees Contractual Attorney Fees (10%) TOTAL Per Diem Interest from August 9, 2006 until paid in full (including interest post judgment per contract) Ius costs of suit. $ 52,977.38 $ 2,089.35 $ 4,745.62 $ 5,506.67 $ 65,319.02 $ 10.65434 WHEREFORE, Plaintiff, Sovereign Bank, demands judgment against the Defendant in the total sum of $65,319.02 plus per diem interest of $10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) as authorized by the Warrant appearing in the Instruments plus costs of suit. Dated: August 10. 2006 By: oodman s orney for Plaintiff 2 -536-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 J.D. No. 62689 VERIFICATION I verify that the statements made in the foregoing Complaint are true and correct to the best of my knowledge, information, and belief. I further verify that I am a Vice President of SOVEREIGN BANK, and that as such, I am authorized to make this Verification on its behalf. I understand that false statements herein are made subject to the penalties of 18 Pa.C.S. 9 4904 relating to unsworn falsification to authorities. DATED: 1[4 - 0 (P SOVEREIGN BANK ~~~ >-- Vice President -- ------- -s0 ----- EXlllBl'T A -.------ ---- PROMISSORY NOTE Borrower: J &. J Hauling. Inc. 675 Willkms Grove Road-- MechanlCSbUrg, PA 17055 Lender: Waypofnt Bank 235 North Second'S1reet- P.o. Box 1711 ~rg, PA 17105 Principal Amount: $210,000.00 , Date of Note: October 16, 2003 PROMISE TO PAY. J &. J HaulIng, loe. ("Borrower") promises 10 pay. to 'Waypolnt ~ ("Lender1, or order, In laWfUl ~ 01 the United Stales of America, the principal amount of Two Hundred Ten Thousand &. 001100 OoI1ars ($210,000.00), together with Interest at the rate of 5.240'1. per annum on the unpeld principal balance fi'om october 16, 2003, 0011 paid In' full. pAYMENT. Borrower wIIi pay this loan In 35 payments 0' $8,324.19 each payment.incI aft Irregular last .~~ ~ed at $6,324.28. Borrower's ftrst payment 1$ dUe November 16, 2003, Ind ell SUbsequent parmen.ts ere due on the same day of each .lIQnth after N. Borrower'S. final payment WIll be due on October 16, 2006, end will be tor ... prlndpallIId all eccrued Interest notye' paid. Payments Include prfnelpal and Interest. Unless otherwise agreed or required by applicable law, payments .11 be 'PPIed ftrst to MY acetued Unpald Interest; then to principal; then ~ tIIf'/ UnpaId COllection costs; and then 10 III'IY late charge$. . The If1I1U8Ilnterest rate for this Note Is ~ed on a 36~ bds; 1hat Is, by applying the ratio 01 the arinuallnterest rate over .. y.- of 361 days,mulUplled by the outstancnng prInd~ balance, mulUpIIecI by thelCtualllUinber or da)'$, the ~ balance Is outstandJng. Bortower wID pay Lender atlef;Kter"s acJdre$S $hOWn above or at such other place Q Lendet may designate In WrItIng. ". . ~AYMe,a PENALTY. ~ower agrees that.. loan fees and other prepaid financ:echarges.lri earned fuRy as 01 the date 01 the loan and will not ~ subject to reIun4. upon eartypayment (whether vokJntary or as a rewt' of default). accePt as oU8wIse reqQfred by law. Upod.prepayment of thb Note, Lender Is enIOIed to the folloWIng prepayment penalty: A prepaynIePI penIIty wII be diarged 111M NOte Is prepald,'Jn whole or In p8rt, dUring the fixed dIe~. The fee WIll be eaIcuIated at two percent CZY-) or. the prIncIpaI'emount prepaid. A pr~ tee wII not be charged on MY ~ (up to 20" 0' the original principal amount) prepaid wAhln Ottf 10M ye<< from Inlerna)ty generoted funds. The tenn "IOdd yeer" Is. detlned u M'/ pei10d of one YUt commencing on the ~g date or any .....,.,~sary dale thereof. Except for the ~ BorrOW~r mar fNI1 .. or . porUon of the amount owed earlier than It Is due. Earty paYmenls WIll not, unless agreed to bY'Lender In wrfling.reliEMl B'orroWer of Borrower's obligation to continue to make payments under 1he payment schedule. Rattl<<. early payments wiI reduce Ita prlnclpaI balance due and may res"'" Borrower's maldngfewer payments. Borrower agrees not to serid.Lunder payments marked "paid In f\II". "without reootne-, Of similar language. If Borrower.sends such a payment; lender may accept It without losing any of Lender's rights under this.Nole, and Botrower wi remain obligated to pay.any further amount owed to Lender. AI wrfI1en communications concerning disputed amounts. klctU<lng &rrf c:heck or other paymenI ~ment Ih!lI /ndlCateS that the payment constilotes "payment In fur of the amount owed or that is tendered wiIh..oIher conditions or Imitations Or as Y satisfaction of a disputed amount must be mailed or deIvered to: Waypolnt Bank , 235 North Second ~ P.O. Box 1711. Harrlsburg. PA 17105. LATE CHARGE. If. payment is 15 days or more late. Borrower wlU be charged S~ or the regularty scheduled paymentor $10.00, .mtchever Is gr~e~ . ~T AFTER DEF~T. Upon def.alAf, Inc:Iudlng failtn to pay upon final maturity.l~, at lis OPtion. may, It permitted under appIcabIe law, IncreaSe the interest. rate on Ihis Note 2.000 percentage points. The interest rate wi not Bxceed the maxlmum rate permitted by appIcable law. If judgment Is entered In connecIion with this Note, InIerest wi continue to accrue on this Not$ after judgment at the existing interest rate provided for In . this Note. " DEFAU. T. Each of.lhe following shal constitute an event of. default ("Event of DefaUlr) underthls NOte: Payment Default. Borrower faIs to make My payment when due under this Note. Other Defaults. Borrower fails to comply with or to perlorm any other term. obligation, covenant or condition contained.in this Note or In any of the related documents or to ~mply with or to perform any term, obligation, CO"t'9nInt or condition contained in any. other. &gre9ment ~. Lender and Borrower. . Default In Favor of Third Parties. Borrower or any Grantor defaUlts under any loan, extension of c:redt. security agreement..ptI'Chase cr sales agreement, or any other agreeJTKri, In favor of any other creditor or person that may maIeriaIIy affect any of Borrower's properly or Borrower's ability to repay thI$ N~ or perform 80rr0we(s obligations under this Note or any of the.related documents. False Statements. Any warranty, iepresentalion or statement made or furnished to Lender by Borrower or on Borrowe(s behalf Under this Nole or the related documents Is false 0( misleading In any maIec1aI respect. either now or at the time made or tumshed or becomes false or misleading at any lime thereafter. InsolVency. The dissolution or lermInatIon of Borrower's existence as a going business. the Insolvency of Borrower. the appoIIlbneIlI of a receiver for any part of Bcxrower's- property, any assignment for the benefit of credtors, any type of creditor workout. or the commencement of any proceeding under any bankruptcy or insofvency laws by or aga1nst Bon'ower. . Creditor or Forfeiture Proceedings. Commencement of forecIOS\Q or forfeiture proceedings. whether by judicial proceeclng, self-help, repossession. or any other method, by any creditor of Borrower 0( by any gowminental agency agailist any collateral sectmg the loan. This indudes a garnishment of any of Borrower's accounts, Including deposit accounts, wiltt lender. However, this Event.of Default shaI not apply if there Is a good faith dispute by Borrower as to the validity 0( reasonableness of the cfairn which Is the basis of the creditor or forfeiture proceeding and If Borrower gives lender written notice of the creditor or forfeihn prooeedng and deposits with Lender monies or a "surety bond for the creditor 0( forfeiture 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 of the Indebtedness or any Guarantor dies or becomes Incompetent, Of revokes or disputes the vaUdity of, or Aablity under. any guaranty of the Indebtedness evldenced by this~. In the event of a death, lender. at Its option, may, but $haI not be required to, permit the Guaranfo(s estate to assume unconclltiondy the obligations arising under the guaranty in a manner satisfactory to Lender, and, In doing $O,.cure any Event of Default. Change In Ownership. Any change In ownership of twenty-five percent (25"') or more of the common stock of Borrower. . Adverse Change. A material adverse change occurs In Borrow<<'s financial conOdion, or Lender befiev9s the prospect of payment or performance of Ihis Note Is Impaired. . CUre Provisions. If any default. other than a default in payment Is ClA'abIe and " Bon'ower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, It may be cured (and no event of defauft wi. have occurred) if Borrower. after -receiving written notice from Lender demanding cure of such default ~es-Ihe default within fifteen (15) days: or (2) if 1he cure reqllires more 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 eI reasonable and necessary steps $Ufficlent to produce compliance as soon as reasonably practical. . " Loan No: 8875005233 PROMlSSORY NOTE (Continued) , " i Page 2 ' LENDER'S RIGHTS. Upon default, lender may, aner gMng such notices as required byapptic:abkrIaW, declare the.enlire unpaid priocIpal balance on this Note and aD accrued unpaid Interest immediately due, and then Borrower will pay thai amount. ' ATTORNEYS' FEESi EXPENSES. lende( may hire or pay someone else to help collect this Nole if Borrower does not pay. BorroWer wiI pay lender ',that amount. l11i$lncludes, subject to any limits under eppflC8b1o Iaw,lender'$ attorneys' fees and Lendel"s'legal expenseS, whether or not ther'e is a lawsuit. including attorneys' fees. expenses for bankruptcy proceedings (including elfCll1s to mocify or vacate any ~omatic stay or inJunction), and appeals. If not prohlb~ by appflC8ble law, Borrower also wiJI pay any court CQSIs, in addition to aa othec' sums prOVl&d'by law. . ,JOO"t wAIVER. lentSer and Borrower hereby waIVe the right to airf JWY trlaI'ln IlI'/ don. proceeding, or counterdal", broUght by' eIther L~er or Borrower agaIn$t !tie other. ,', . ' GOVERNING LAW. Thb Kot~. will be governed by, constru~ and enfOrced In .ccordance With federal taW and the laWS or th. Commonwealth , of pennsylVania. ThIs Hote lias been ~Pted by lender In the COminonwe8Ith'ot Pennsylvania. .". CHoICE Of; , veilJE., If !here is, a lawsuit. Bon'ower agrees upon: lender's ~ to slbmit to the juisdicliOR of th8cowts, of Dauphin County, Commonwealth of"~" . .. ,", . . . . RIGHT OF ~0Fr. . To the. exteQt permi~ by. appIicabfe 1irN~ ~ reserves'a right of setoff in aI Borrower's' ~ wiU1 Lender (Vi~ checldng. ~, or some other account). ThIs inCtudes If accounts Borrower holdS Jointly with someone else and II ~~ ,~may open,in . the future,; HOwever. this does not iricIude any IRA or Keogh accounts. or any trust aecount$ for which setotf would' b8 ,piof1ibite<t by law. ~ authorizeS Lender, to the extent permitted by appIcable law. to charge or setoff an sums owing on the indebtedneSS. aga1nst art[ and at sUCh a~nfs.. SE,CURI~. M cOllateral (as herein delned),ls security for this Note.."d any renewals, extensionS and i11OdIiCator!$'hlfeQf.~ the payment. pedorntQ0ge and discharge. d aI other pfeSeIlt or futul:e 'indebtedneSs, obligations and undertakings (whether InciVldUal, JQnf, seYer8J. :djreQt, -contingent or ~) of the Borrower to' or for the benefit oflencJer, whelher aris1ng dIreclIy to Lender'. under 1hJ$'N0i6- Of. under, *tIY other agreement. pfOmissCxy note or ~ ncNI exis6~ or hereinafter entEired li1to by the Borrower to the Lender. ThfJ term '''C*~ Inctudes aI . tangbIe and Jntang~ prOpedy (i) desetbed 1n any mortgage. assig'i'unOOt or other $eC\riy document separately executed In faVtt dL.ender..and (i) In ~asecurlyJntereSthasbeengrantedto.LendetPursuanttoU'llsNofe. ~ .: ..: ". ,". ..' '.~Q$$.COLLATERAUZE/CROSS-OAU.T. The Notewil be .c:ross-coIateralizedlcr~~ with aI other loanS "om B()[J()\WI'. Qi'arrf of ,BOrrower's related entiUes.to Waypdnt Bank.- If at any Ii~ there IS. a default under this NOte, II loanS w\I be consIderecUn defauft and at outstanding amounts under the loans wi! be immediately, due and pay. In fuI. A default in one loan shall constitute a defauft in II other$. . :. ,DISQ.OSURE TO BORROWER FOR COH~IOHOF'JUDGMENT. An exhibit,"~ -otscIostI'8 for ~ of Judg~.,is,~~to this.... . Note arid by this refen~lIce is made a part of this Note just-as If aI the 'provIsionS, terms and- conditions of the Exhibit I'fad been Uf seUQrtti,1n this ~ Note. ~SOR INTEfU$TS. The tenns of this Note shat ~ bln~ upon eon-ower~ and upon Bo.n'ower's heirS. ~ representatives. sUl;X:eSSOr$ aM assigns. and sh8I ,Inure to the benefit of l,ender and itS sUcces$ors and .assIgns. - , . GENERAL PROVlSIONS. . lender may delaY. or ~o enforcing any of Its rights or. remedieS under this Note withoUt 1ositlQ. them. .Bon'ower and any .J-.; "otherPefS()O who s1g~, guarantees or endorses':thls Note;. to the extent "qwe(r:~y I8w, ~ presentmec1l, ~ for.pafnlOOl. and,no,\ic:e of cfishonor. Upon any change If\ the terms d ~ Nolo. arid Unless ,0ther'Wis8 eXpi'es$Iy stated in writing, no party who sIg~ this Note, whether as. makeri . guarantor, accomtnOd~tion maker or endors8r, shall be released tOnrlabity~ }.J suCh parties agree that Lender may rent)W or extend (repeatedly and : for any length of time). this loan or release ariy par1y or guaranlor or collateral; or Impair, fait to rea&z8 upon or perfect Lendets securiIy interest'in the ,coIaterali and take any other action deemed necessary by Lender without the.consent of or notice to anyone. M such parties aIsoagree,that lender may modify this loan Without the consent of Qr notice to anyone othor than lh8:party with whom the modification Is ma~ The obIgations under this Note are joint and several If any portion of this Note is for any reason determl'Oed to be unenforceable. it wi. not alleeUheentorceability of any other provisions d this Note~ . ' :CONFESSION OF JUDGMENT. BORROWER HEREBY IRREvOCABlY A~S AND EMPOwERs /iH'f ArrORNE\' OR 11iE PROTHONOTARY . OR a.ERK OF Nf( ~ IN 1lE COMMONWEALnt OF PENNSYLVANIA, OR B.SEWHERE. TO APPEAR AT ANYTIME FOR BORROWER AFTER . A DEfAll.T UNDER THIS NOTE ANJ WITH OR WITHOUT COMPlAINT Fl.EO. CONFESS. OR ENTER JlJ>GMENT A<WNSTBORROWER FOR ll-IE EN'11RE PRlNCtPAL BALANCe OF THIS NOTE /4HJ ALL AccRl!ED, I~ST, LATE ~S ND Nf( I>W ~ AMOUNTS EXPaI:>ED OR N)VNaO BY LEN>ER RB.ATING TO Nf( COllATERAL SECURlNG THIS NOJE, TOGEJ'H:R WITH COSTS OF SUIT, ftN) ~ ATTORNEY'S COMMISSION OF TEf:'4 PERCENT (10%) OF 1lE UNPAID PRINCIPAL BALANCE N#J ACCRUED INTEREST FOR CCllECTlON, BUT iN Nt{ EVENT NOT LESS THAN AVE HUNDRED DOLLARS ($500) ON WHCH JlDGMarr OIl JUDGMENTS ONE OR MORE EXEClJDONS'MAY ISSUE 'IMMEDlA1B.Y; AND FOR SO DOING, THIS Non: OR A COPY OF'THlS NOTE VERlAEO BY AFFIDAVIT SHALL BE StffICIENfWARRANT. Ttt: AUTHORITY GRANTED IN THS NOTE TO CONFESS JUDGMENT AGAINST BORROWER SHAll NOT BE EXHAUS1EO BY ANY'EXERCISE OF THAT AUTHORITY, BUT SHALL CONTINUE FROM TIME TO TIME ,AN> AT ALL TIMES UNTI. PAYMENT IN FUlL Of ALL AMOUNTS DUE tHlER THIS NOTE. BORROWER ~ WJ.JVr:.S mf. RlGHr aCffl()W$ MAY HAVE: TO NOTICE OR TO A HEMING IN ~C11ON WITH..ANY.SUCH CQtEESSlON OF JUDGMENT In) STATES THAT EITHER A REPRESENTATl\IE OF LENDER SPECIFICALlY CAllED THIS CONFESSION OF JOOGMENT PROVISION TO B~WER'S ATTENTION OR BORRowER HAS BEEN REPRESENTED BY INOEPENJENT LEGAL COUNSEL PRIOR TO SIGHING ntlS NOn:, BORROWER READ AND UNDERSTOOD.AU. THE PROVISIONS OF nus NOTE. BORROWER AGREES TO tHE TERMS OF tHE NOTE. . BORROWER ACKNOWLEDGES RECEIPT OF A COMPlETED copy OF mls PROMISSORY NOTE. nus NOTE IS GIVEN l!NOER SEAL AND IT IS INTENDED THAT THIS NOTE IS AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW. BORROWER: .' i \ Loan No: 887$005233 ......' LENDER: WAYPOINT BANK x~c~ PROMISSORY NOTE (Continued) .... Page 3 lASElIPIlO~ '''.s.2Z.lIe._ c.,r,lIortIMfIIIIIodoI~..... _. -.. AlI......."'""'"- -1'0\ t\CFJII.ft.~llUC: TIl-4nt ... .~, ':"' ~::" - ------- .50 --------'- \ .. \ \ EXlllBlT ^ ,.----- ---.' PROMISSORY NOTE Borrower: J & J Hauling. loe. 675 Williams Grove.Road- MechanlcsbUrg, PA 17055 Lender: Waypotnt Bank 235 NorUI Second -Street-- p..o. BoX 1711 ~urg, PA 17105 Principal Amount: $210,000.00 , Date of Note: October 16. 2003 PROMISE TO PAY. J & J Hauling. Ine. ("Borrower, promises 10 pay toWaypolnt Bank ("'Lender"). or order, In IaWfUllIlOI1ey of Ute united Stales of America, the principal amount of Two Hundred Ten Thousand & 001100 DOn81's ($210.000.00), together with Interest at the rate of 5.240" per annum on the unpeld principal balance hom October 16. 2003, until paid In full. PAYMENT. Borrower wai pay this 10M In 3S payments of $6.324.1. each ~t.n .n Irregu"tast .pay~ esUmated at $6,324.28. Borrower's ftrst payment Is due November 16. 2003, end an subsequent payments are due 011 the same' clay or each. month lifter thai. eorrower's.ftnal payment WIll be due on October 16, 2OO6w and w* be for oil prtndpal end" accrued Interest not yet paid. Payments Include prInCipal end Interest. Unless otherWISe agreed or required by 'Pf)IIcabIe law, paymentswll be appDed lint to artt acctUtd unpald fnterest; then to principal; Uten ~o any UnpaId collection costs; end then to any late ch<<ges. The .....uallnteresl rate for this Not~ Is ~ed on a 36~ ba$lS; thalls, by eppIyIng Ibe ratio of the arinuallnterest rate over. ye<< of 360 days,mulUpIIed by tile outstanding prlnd~ balance, multIpHed by the actual Iluinber or d~ the ~ balance Is outstandJng. Borrower wDI pay Lender at l.eddefs address shown aboVe or at such other place 8$ Lendet may designate In writing. . - '. ~AYMEHT PENALTY. fk!rrower agrees lhat alloan fees and other prepaid finance charges are earned fuRy as cC the date cC the loan and wiI not bfJ subject to refund. upon eartypayment (whether voIuntaty 0( as a result' of default), excePt as otherwise required by law. Upon:prepaymenl of this Note, Lender Is enu.'Ued 10 the following prepayment penalty: A prepaymenl penalty WID be charged If 111' Note Is prepald,ln whole or In part, during the fixed .rite .~. T'he fee wII be calcuIoled at two percent (2~) of. the pmclpantlnount prepaid.. A pr~ent lee WII not be ctlarged on eny ~ (up 10 20" of the original principal amount) prepaid WIthin MY loan. yeor from Inlemady genemed funds. The term "loan year" Is dellned as MY pei1oc:t of one year commencing on the ~g date or any eMlversary date thereof. Except for the foregoing, BorroWer mey pay AI or a portion of the amount owed earlier than It Is due. t:arly pa)imenls WIU not. unless agreed to by. lender In writing, refl8'tl9 fJorroWer of B~s obligation to continue to make payments under the paymentsc:hedule. Rather, early J>ayments wit redUce the principal balance due and may result in Borrower"s makingfewer' payments. Borrower agrees not to sendL8t'lder payments marked "paid In fuII", '\YIthout recotne-, or similar language. If Borrower. sends such. a paymen1; lender may accept It wilhout losing arry of. LencJe(s rights under this. Note, and Botrower will remain obligated 10 pay.any further amount owed 10 Lender. M writlen communications conc:erOOg disputed arnounts,lncIucIng any check or other payment ~menI Ihflt Ind.cates that the payment constitutes "payment In fur' cC.the amount owed Of that is tendered with. other conditions or Imitations Or as fuI satlsfaclon of a clsputed amount must be mated or deIvered to: Waypofnt Bank . 23S North Second Streett P.O. Box 1711, Harrisburg, PA 17105. LATE CHARGE. If a payment Is lS days Of more late, Borrower will be charged 5.ooo~ of the regularly scheduled p8)'IIleI\tor $10.00, whichever Is greater. . ~ST AFTER DEF~T. Upon def.alM.lncludlng failure 10 pay upon final maturity. Lender, at its option, may, I permitted under eppicable law, Incr8aSe the interest rate on IhIs Note 2.000 percentage points. The Interest rate will not 8cceed the maximum rate permitted by applicable law. If judgment Is entered In connection wfth Ihis Note, Interest wi continue to accrue on this NotE, after judgment at the existing interest rate provided for In . this Note. DEFAULT. Each of. the following shal constitute an event of. default ("Event of Default") under.this NOte: payment Default. BOITOW<< fds to make ..;y payment whoo due under this Note. Other Defaults. Borrower fails to comply with or to perform any other term, oblgation. covenant Of condition containecfin IhIs Note Of In any of the related documents or to ~mply with or 10 perform any term, obligation, covenant or condition contained in any' other- agreement between, lender and Borrower. . Default In Favor of Third Parties. Borrower or any Grantor defaults under any loan. exteosion of credit. security agreement. plWChase or sales agreement, or any other agreement. In faYOf' of any other creditor or person that may materially affect any of Borrowe(s property or Borrower's ablIIty to repay this N~te or perform Borrowec's obligations under this Note or any of the 'related documents. False Statements. Ally warranty, reprasentation or statement made or furnished to Lender by Borrower or on Borrower's behalf under this Note or the related documents Is false or misleading In any malertal respect. either now Of at the fine made or fUrnIshed or becomeS false or mlsleadng at any lime thereafter. Insolvency. The dissolution Of termination of Botrower's existence as a going business. the In$OIvency of Borrower, the appointment of a reCeiver for any part of Borrower's- property, any assignment for the benefit of credtors. any type of creditor wOfi<out. Of the commencement of arr{ proceeding under any bankruptcy or insolvency laws by Of against Booower. . Creditor or Forfeiture Proceedings. Commencement of foreclosure or forleIture proceedings, whether by judicial proceeding, self-help, repossession. or any other method, by any creditor of Borrower or by any goveminental agency agaIrlst any coIateral securing the loan. l:hiS includes a garnishment of any of Borrower's accounts. induding deposit accounts, with lender. However. this Event of Default shaI not apply if there Is a good faith cispute by Borrower as to the valdityor reasonableness of the ctaim which is the basis of the creditor or forfeiture proceedng and If Borrower gives lender written notice of the creditor or forfeihn proceeding and deposits with Lender monies or a $lI'ely bond for the creditor or forfeitlX8 proceeding, In an amount determined by lender. in Its sole disc:rotion, as being an adequate reserve or bond for the dispute. Events Affecting Guoranlor. Ally of the preceding events occm with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or booornes Incornpetenl, or revokes Of disputes the vaUdity of, or IIablity under. any guaranty of the Indebtedness evidenced by this N~e. In the event of a death. lender, at Its option. may, but shal not be required to, permit the Guarantor's estate to assume unconditionally the obTlg8tions arising under the guaranty in a manner satisfactory 10 lender, and, In doing SO, cure any Event of Defaull Change In OWnership. Any change In ownership 01 twenly-five percent (25%) or more of the common stock of Borrower. _ Adverse Change. A material adverse change occurs In Borrower's financial concfdion, or lender beliews the prospect of payment or performance of this Noto Is Impaired. CUre ProYlslons. It any defallt, other than a default in payment Is cwable and It Borrower has not been given a notice of a breach ot the same provision of this Note within the preceding twelve (12) months. It may be cured (and no event of default wiD have occurred) if Borrower, after -receMng written notice tom lender demanding cure of such default: {1-)---cures-the default within fifteen (15) days; or (2) if the cure reqUires more than fifteen (15) days, Immedfately Initiates steps which lender deems In lend~s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient 10 produce comprl8l1CG as soon as reasonably practical. .,' Loan No: 8875005233 PROiVUSSORY NOTE (C9ntinued) I i Page 2 lENDER'S RIGHT$. Upon defaull.lender may, after giving such notices as required by-appficdUl'tllaw, declare the.entire unpaid principal balance on this Note and aD accrued unpaid Interest Imme<ftately due, and then Borrower will pay thai amount. ATTORNEYS' FEES; EXPENSES. le~ may hire or pay someone else to help collect Ihfs Note if Borrower does. not pay. Borrower wil pay lender that amount. ThIs Includes, subject to any imlls under apprlC8b1e law, Lender's attorneys' fees and Lender's.1egaI expenseS, whether er not there Is a lawsuit, Including attorneys' fees. expenses fer bankruptcy proceedings Qncluding &tf0l1s to mcxify or vacate any a4lomallc slay or injunction), and appeals. If not prohibited by applicable law, Borrower also Will pay any court costs, in addition to all other sums prtMCfettby Jaw. . ,.Mri WAI\'ER. Len~er and Borrower hereby watve the right to any Py trial,'" any acUOn, proceeding, or toUnterclal~ brought by'elther Lender or Borrower aoatnSl the other. " . . . , GOVERNlNG LAW. this Note, wiD be govemect by. construed and enforced In accordance with federal law IIkIlhe'laWs of th~ Commonwealth ' of PennsylVania. ThI$ Hote tIas:been ~pted by Lender In the Cominonweanh.Of Pennsylvania. .... CHoIce OJ; Vf;NUE.. If there IS. . lawsuit. Borrower agrees upon. Lender"s reque$t to submit to the jlMisdiclion of th8cour1s. of Dauptin County, CommonweaJtb of, P8OI1$):IVania.. . ' . RIGHT OF tEtOFF. . To the. extent permitttd by, appJicabfe 1iJtt~ L8nder reserves 'a right of setoff in at Borrower's' accounJs with lender (~hether checking. savfiigS. or some other account). this inCludes sf acX:oui1ls Bofrower holdS joInly with someone else and II accotm~,~ :may open,in . the future; HOwever, this does not Ir1cIude any IRA or Keogh accounts, or any trust accounts for which setoft'wou!d'b4j,prof1ibite(tbY laW. portowQr authorizes Lender, to the extenI permitted by applicable law, to charge or setoff an sums owing on the indebtedrieS$' against any and aI sUCh aec::ounfs. SECURITY. M cOllateral (as herein defined) Is security for this Note. and any renewals, extensions and i'nocifiei.~'th<<eQf.,-nd the pa~ peiformange and dIscharge.of d oIher preSent or futul:e'IndebfedneSs, ~ and undertakings (wheIher InclYldual. jolnf. severaI~ 'd!reot. contingent or. 9thetw1se) of the Borrower to. or tor the . benefit of-lender" whether arisfng dIreotIy to Lenddr under 1hb' ~~ Of. under, any other &gf'eeme\1t, prOmissOry note or u~ now ~ or hereinafter enlEnd ,"10 by the Borrower to the Lender. The term '''Collatetar' InctUdes d tangible and Intangible prOpedy (i) dGsctbed 1n arry mortgage. 8sSiQhtnenI or oilier sec:OOly document separately executed in favor 01 lender,' and (i) In 'whfcha~lntereSthasbeengranledtolendetpursuanttothlsNofe. : ,:' . ': ". ,'. :. '.CRO$$-coU..ATERAUZl:JCROSs-DEFALi.T. The Note wi' be (;rOSH:Olaterall2across-defalAted WIth an other loans from Bortow<<, ot.any of , BOrrowen relalecf entiUes. to Waypoinl Bank. If at W Ii~ there lS.a. default under this NOte. alloans wit be COnsldered'in default and at outstanding amounts under the loans wi be immediately due and pa~ In fuI. A defaun In one.foan shaI constitute a defaCl't III aI other$. . :, ,DISQ.OSURE TO BORRoWER FOR ~IOH OF. JUDGMENT. An exhIbIt.'~ "OlscIosure for ConfesSIon of judg~.,Is. a~.to thts- . .NoIe and by this reference is made a part of.thIs NoIejust'8$ if II the 'provisions, fenns and conditions of the Exhibittrad been fulljse&-fQrttfftl this:' Note. : ~SOR I~TS. . The terms of this Note shal ~ blndi~ upon Bofrower~ and upon B~rrower's heirs, persona. representatives, s~ors at'ld asslgns. and shaft ,Inure to the benefit of l,.ender and ItS sticces$ors and .assIgns. .' . . .},.; , GENERAL PROVISIONS. . Lender may delaY. or ~o enforcing any of its rigti(s or,remedies under this Note withoullosing. them. . Borrower and any :'oIherperson who sI9!\S, guarantees or en'dorses.;thfs Note;, to the extenI alqwecfpy Jaw, w~ preseotmeii. de~ fOr payment. and.nqtIce of cishonor. Upon any change II1Ihe lerms-of Jf.is NoIe, arid tInIess.otherWise,~ stated In writing, no party who sig~ this Note, whether as.inik~; . guarantor, accomtnOd~tion maker or endorser. shaI be reIeased"om 1ab5ty~ AI suCh parti8s agree that Lender may renew or extend (repealedy and : for arry length of 1ime)'1hJs loan or release ariy party or guarantor or coIaIeraI; or Impair, tal to realm upon or perfect Lendef's security Interestin Ihe ,coIaterali and take any other action deemed necessary byLendEw' without the.consent of or noIice. to. anyone. M such parties aIsoagree,that lender may modify this loan Without the consent of Qr noIlce to anyone other than lh8:party with whomlhe modification Is ma~. The obIgations under this Note 818 joint and several. If any pOftion of this Note Is for any reBson deternioed fo be unenforceable, it wi' not alfeet'the.enfon:eabilily of any other provisions of Ihls Note~ ' . 'CONFESSION OF JUDGMENT. BORROWER HEREBY JRREvOCABl Y AUTHORlzES AND EMPOWERs fiN'( AlTORNEY OR rue PROmoNOrARY . OR a.ERK OF AN{ GOlRT IN THE COMM9NWEALTH OF PENNSVLVANIA, OR asEWHERE, TO APPEAR AT'ANY TIME FORBOAROYIER AFTER A DEFALt.T UNDER THISNOTE 1NJ WJrn OR WITHOUT COMPLAINT FIl.EO, CONFESS. OR ENTER JU:>GMENT A<WNSTBORROWER FOR TI-lE EN'11RE PRlNCIP.ALBALANCE OF THIS NOTE NoD All Accm.!ED INTEREST, LATE ~s /tn) Nl'{ NV ~ AMOUNTS EXPEN.>ED OR /JDVANCEO BY LENDER RB.ATlNG TO Nl'{ COlLATERAL SECURING THIS NOlE, TOGeTH:R Wtni COSTS OF SUIT, 1K) AN AlTORNE'tS COMMISSION OF TEt4 PERCENT (10%) OF 1lE UNPAID PRINCIPAL BAlANCE AND ACCRUED INTEREST FOO COlLECOON, BUT IN AH{ EVENT NOT LESS THAN FIVE HtJNDRED DCUARS ($500) ON WHICH JU)GMefr OR' JUDGMENTS ONE OR MORE EXECl1T1ONS 'MAY ISSUE . 'IMMEDIATB.Yj AND FOR SO DOING, THIS NOTE OR A COPY OF.THlS NOTe VERIFIED BY AFFIDAVIT SIW.1. BE SU'=FICIEN'r WARRANT. 1lil: AUTHORlTY GRANTED IN THIS NOTE TO CONFESS JUDGMENT AGAINST BORROWER SIW.L NOT BE EXHAUSTED BY ANY'EXJ:RCISE OF lHAT AUTHORITY, BUT SHALL CONTINUE FROM TIME TO TIME AM> AT AU. TIMES UNTIl PAYMENT IN FU.L OF AI..1.. AMOUNTS DUE Ur<<>EA ms N01E. BOAROYIER I1Ef:EBY WA.M:S ANY.RIGHf BORROW$ MAY HAVE:TO NOTICE OR TO A HEMING IN ~cnON WITHANY.SUCH CON=ESSION OF JUDGMENT NKJ STAleS THAT EITHER A REPRESENTATIVE OF LENDER SPEClACALlY CAlLED THIS CONFESSION OF JUDGMENT movISIQN TO BORR~WER.S ATTENTION OR BClAR~ HAS BEEN REPRESENTED BY iNDEPENDENT LEGAl COUNSEL. PRIOR TO SIGNING THIS NOTE. BORROWER READ AND UNDERSTOOD.AU THE PROVISIONS OF TItS NOTE. BORROWER AGREES TO TfE TERMS OF tHe NOTE. ' BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF TlfIS PROMISSORY NOTE. THIS NOTE IS GIVEN UNDER SEAL AND IT IS INTENDED THAT THIS NOTE IS AND SHAlL CONSTITUTE AND HAVE TIE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW. BORROWER: - ",' Loan No: 8875005233 - \.ENDeR':. W "ypO\NT sANK x c (~/ PROM\SSOR'l NO"e. {continued) -------- ........-- _..,....... _..............--- ....- ..-....... ...........- ~ ..... er -----. page 3 ---------- .s.,;.. .~ ':'> ",'; ------- DISCLO~.~RE FOR CONFESSION OF .1' JDGMENT i ; / ~ Borrower: J & J Hauling, Inc. 675 WUliams Grove Road MechQnlcsburg, PA170SS- Lend~r: Waypolnt Bonk 235 North second Street p.o. Box 1711 ----- HarrIsbUrg, PA 11105 ThIs DISa.OSURE FOR CONfeSSION OF JUDGMENT Is attached to and by this reference b made a part of the Promissory Note, dated October 16, 2003, and executed In connection wfth a loan or other financial accommOdatIOns between WAYPOINT QANK and J & J Hauling, Inc. ON THE DATE HEREOF, BORROWER IS EXECUTING A PROMISSORY NOTE OBlIGATING THE BORROWER TO REPAY THAT AMOUNT. .. . . . A.. I UNDERSTAND THAT THE NOTE CONTAINS A CONFESSION OF JUDGMENT PROVISION THAT wou.o PERMIT LENDER TO ENTER JUDGMENT AGAINST THE BORROWER IN COURT f AFTER A OEFAlI. T ON THE NOTE,.WITHOUJ ADVNtCE NOTIce TO THE BORROWER AND WITHOUT OfFERING TlE BORROWER AN OPPORTUNITY TO DEFEND . AGAINST TtE ENTRY OF JUDGMENT. IN EXECUTING THE NOTE, BEING FlllY AWME OF THE BORROWERSRIGffTS TO ADVANCE .Nonce AND TO A HEARING TO CONTEST.mE VALIDITY OF AHY JUDGMENT OR.OTHER a.AlMS TtlAT LENDER MAY ASSERT AGAINST 1liE BORROWER.UNDER THE NOTEd. ON BEHALF OF TIE BORROWER, AM KNOWINGLY, INTB.UGENTLY, AND va.tJNTARLY WAIVING THESE RIGHTS, INa.lJ)ING ANY RIGHT TO ADVANCE NOTIce OF THE ENTRY OF JUDGMENT, AND I EXPREsSLY AGREE AND CoNSENT TO LENDERS ENTERING JUDGMENT AGAINST THE BORROWER BY CONFESSION AS PROVlDf;D FOO IN 1lE CONFESSION OF ~MI;NT PROVISION. INITIALS: ~ \\~ _ _ . B. I FURTHER UNDERSTAND THAT IN ADDITION TO GMNG LENDER THE RIGHT TO ENTER JUDGMENT AGAINST THE BORROWER WITHOUT NNANCE. NOnce OR A HEARING, TIE CONFESSION OF JUDGMENT PROVISION IN THE NOTE ALSO' CONTAINS LANGUAGE THAT WOlLD PERMIT LENDER, AFTER EHTAY.'OF.JUDGMENT, TO EXECUTE.~OH, nEJOOGMENJ' BY FORE~OSING UPON, ATTAatlNG, lEVYING ON, .TAKING POSSESSION OF OR OTHER WISE $E1ZING THE BORROWERS PROPERTY, IN FlLL OR PARTIAL PAYMENT.OF THE JUDGMENT. HOWEVER, LENDER MUST PROVIDE NOTICE TO THE BORROWER UNOER APPlICABlE LAW IN EXECUTING AHY CONfESSED JUDGMENT. IN EXECUTING 1:HE NOTE;BEtNG FtLLY AWARE. OF, MY RIGHTS TO ADVANCE NOTICE. AND A HEARING AFTER JUDGMENT IS ENTERED AMD BEFORE EXECUTION ON 11E JUDGMENT, I AM KNOWINGLY .1NTE1J,JGENlLY AND VOWNTARI..Y WAMNG TlESERIGHTS, AND I EXPRESSLY ACReE AND CONSENT TO LENDERs EXECUTING ON TiE ~.MW~ IN.Nff MANNER PERMITTED BY APPLICABLE STATE ANDFEDERALLAW. IN~TIALS:~ . .,' . C. AFTa4 HAVING READ AND DETERMINED WHICH OF THE FOLlOWING STATEMENTS ARE APPLICABlE, AND BY ~9JfiG MY INITIALS NEXT TO EACH STATEMENT WHICH APPLIES, I REPRESENT THAT: -'. INITIALS 1. I WAS REPRESENTED BY MY OWN INDEPENDENT LEGAL COUNsEL IN CONNECTION WITH THE NOTE. '"t"D6JlI2. A REPRESENTATIVE OF LENDER $reCIACALLY cAiieo me CONFESSION' OF .M>GMENT PROVISION IN THE NOTE TO.MY, ATTEHTION.' . ' .' ". : D. I CERnFY THAT TIE BORROWERS ANNUAL INCOME EXCEEDS $10,000.00; THAT THE BlAHKS IN THIS DISa.OSURE WERE FUED IN WHEN I INITIAlED ~ SIGNED IT; AND THAT I ~CEIVED A C(>py AT TIiE n~ Of SIGNING. THIS OIsa.OSURE HAS BEEN SIGNED AND SEALED BY THE UNDERSIGNED. . THIS D1Sa.OsmE FOR CONfeSSION OF JUDGMENT IS EXECUTED ON OCTOBER 16,2003. BORROWER: WAYPOINT BANK ~~ Authort Slg r . ~. U~t::.-- J.- 6GI/8-17-r- v.su PlIO u..... v.... U2.09_ c:.,r........., __ -...-.."'" _r, _ AI N9Mt IInwft4. _ M 1:\Q'l\lrl1020J'~ TI'o-12M ,11-. - .------ -------- -- ------ EXlllBlrt B .----- < IANGE 'IN TERM~o;AGREElr ~T Borrower: J & J Hauling, Inc. 675 WHllams Grove Road MechanlcsbUrg, PA 17055 lender: Waypolnt Bank 235 North Second Street p.o. BOx 1711 IWrisburg, PA 17105 Principal Amount: $143,753.68 Date of Agreement: December 3, 2004 DESCRIPTION OF EXISTING INO~TEDNESS. On October 16, 2003 Borrower executed and deRvered 10 Lender a Promissocyo NO~8 In the original pttncipal amount of Two Hundred Ten Thousand Dollars ($210,000.00), with a current principal balance of One Hundred Forty Three-:Thousand Seven Hundred RftyThree and 681100 {$143,753.68)... 0 DESCRI~IOH OF CHANGE IN TERMS. Effective the date of Ihls Agreement. Borrower and Lender a~ee 10 a three month lnterest only period for the payments due November 16,2004, December 16,2004 and January 16, 2005. Regular monthly payments of $6,324.19.wlD commence February 16, 2005, with one final bal100n payment due October 16, 2006. . PROMise TO PAY. J" J Haulng,lnc. ("Borrower") promises to pay to Waypolnt Bank ('1..endtr"), 01 order, In lawfUl money of lheUnIted States of AmerIca, the prfndpaI ernount of One Hundred Forty-three Thousand seven Hundred FUty-1hree & 681100 DoI1<<s ($143,753.68), iogether with Interest at u.e rate or 5.240% per annum on the unpaid prfnclpal balance from December ~ 2004, until paid In fu1I. PAYMENT. Borrower wid pay this loin In accordance With the fonowlng payment schedule: Interest only on the unpaid pmcIpaI balance wID be due and payable for the payments due November 16, 2004, December '6, 2004 8nd JanUNy 16, 2005. Beginning February ",2005 ....d conUnulng on the same dtJy of each month after that; Borrower wIII.pe1 thIS 10M In 20 peymenl$ of $6,324.19 each payment and one final balloon payment of III remaining prlncli* ~d Interest on Odober ", 200G. Borrower',lInaI payment due on October ", 200G WID be fOl III pdncfpol and all ecaUed Interest not yet paid. P.ayments Include pr1nclpal and Interest. lJnIeS$ olherwlse agreed or required by applicable law, payments WID be. applied fIrSt to any eecrued unpaid Interest; then to principal; then to any unpaid colleCtIon costs; end then to any late charges. Interest on this Agreement Is computed on a 365/360 simple Inlerest. ba:sb; that as. by applying the ratio or the. ennuaIlnterest rote over . year or aGO days, multlpled by the outstMd1ng principal balMCe, mumplied by the actual number. of.days the pI1nCfpal baIanee Is outstanding. Borrower WUI pay Lender at Lender's address shown above or at such ot1ler pl&ee as Lender D1Il'/ designate In writing. PREPAYMENT PENALTY. Borrower agrees that all loan fees and other prepaid &nance charges are earned fuRy as of the date of the loan-and Will not be subject to refund upon early payment (whether voluntary or as a result of default), except as oIhe1Wise required by law. Upon prepayment of this Agreement, Lender Is enWIed 10 the following prepayment penalty: A prepayment penalty WIt be charged If the Note Is prepaid, In whole or In part, dUrIng the ftXed rate period. The fee. will be calcUlated at two percent (2%) of the principal amount prepaid. A prepayment fee wit not be charged on ." amount (Up to 20% of the original pllnclpaI amount) prepaid wltt*l1If'{ loan ye<< from Intemany generated funds. The term "loan year" Is denned as any period of one year COCNnendngon the closing date or any anniversary date thereOf. Except lor the foregoing, BorroWer may PIi1 all 01 a porion of the amount owed earIer than It Is due. Earfy payments wiI not, unless agreed to by lender In writing, relieVe Borrower of Borrowefs obligation 10 continue to make payments under the payment schedule. Rather, early payments wi reduce the principal balance due and may resullln Borrowec's inaking fewer paymen1s. Borrower agrees not to send Lender payments marked "paid In full", "without recourse-, or similar Ia~ If Borrower sends such a payment. lender may accept . without losing 8lrf of Lender's rights under tm Agreement, and Borrower wi remain obIgated to pay any M1her amount owed to lender. M written communications conc:emIng cflSputed amounts, including any check or oth8r payment Instrument that Indicates Ilat Ihe payment constitutes "payment In full" of the amount owed Of that Is tendered with other conditions or imitations or as fuR salisfaction 01 a disputed-amount must be mailed or deIlvered to; Waypoint Bank r 235 North Second Street, P.O. Box 1711, HarrisbtKg. PA 17105. - LATE CHARGE. If a payment is 1S days,or more late, Borrower wiD be charged 5.00()'J, of the reguIar1y scheduted payment or $10~, whichever Is greater. INTEREST AFTER DEFAlJ..T. Upon default, Including failtn to pay upon final mahrfty, Lender. at its option, may, if permitted under applicable law, increase the Interest rate-on this Agreement 2.000 percentage points. The Interest rate wi n.ot exceed the maximum rate permitted by applicable law. " "judgment is entered in connection with ~Is Agreement. Interest wi conllnue to accrue on this Agreement alter judgment at the existing interest rate prOvIded Ofor in this Agreement. _ . DEFAll.T. Each of the folowlng shaI constitute an Event 01 Default under this Agreement: payment Deraun. Borrower faDs to make any payment when due under the Indebtedness. other Defaults. Borrower faIs to comply with or to perform any other term, obligation, covenant or condition contained In this Agreement or In any of the Related Documents or to comply with or to perform any term, obflgalion, covenant or condition conlalned In any other agreement between Lender and Borrower. - Default In FavOl of ThIrd PartIes. BClCTower defaulls under any Ioan,extenslon of credil,security agreement, purchase or sales agreement, or any other agreement. in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's ability to perform Borrower's obligations under Ihis Agreement or any of the Related DocUments. False Statements. Any warranIy, representation or statement made or furnished 10 Lender by Borrower or on Borrower's beha1f ur\der this Agreement or the Related Documents Is false or misleading In any material respect. either now or at the time made or furnished or becomes false or misleaclng at any time thereafter. InsolVency. The dissolution or.termlnation of Borrower's existence as a going buslness,lhe Insolvency of Borrower,lhe appointment of a receiver for any pall of Borrower's properly, any assignment for the benefit of creditors, any type of creditor wor1c.oul, or the commencement of any proceeding under any bankruptcy or Insolvency laws by or against BorrOwer. Creditor or Forfeiture Pr~lngs. ComMencement of forecIosll'8 or forfeiture proceedings, whether by judicial proceeding, self-help, , repossesslon or any other method, by any creditor of Borrower or by any governmental agency against any coIfateral securing !he Indebtedness. This lncfudes a garnishment of 8lf'/ of Borrower's accounts, Including deposit accounts. wfth Lender. However, this Event of Defaull shafI not apply if there Is a good faith dispute by BOfl'ower as to the vaJdlty or reasonableness 01 the claim which is the basis of the creditor or forteIture proceeding and If Borrower gives lender written nolice of the creditor or forfeiture proceeding and deposits with Lender monies or a surely bond for the creditor or forfeittxe 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 evenls occurs with respect to any Guarantor of any of the Indebtedness or 3rYf Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liabilily under, any Guaranty of the Indebtedness evidenced by this Note. In the Loan No: 8875005233 'tHANGE IN TERMS AGREEMEt. (Continued) Page 2 event of a death. Lender, at Its opllon, may, but shall not be required 10, permit the Guarantor's estate to assume unconditionally the obr.gations arising under the guaranty In a mllnner satisfactocy to Lender, and, In doIng.so, cure any Event of Default. Change In Ownership. Any change In ownership of twenty-five percent (25%) or more c:A tho common stock of Borrower. Adverse Change. A material adverse change OCCIM'S In Borrower"s financial condilion, or Lende!: believes tho prospect of payment or performance of the Indebtedness Is impaired. CUre Provisions. If any default, other than a default in payment Is curable and if Borrower has not been given a notice of a breach of the same provfsion of this Agreement within the preceding twetve (12) months, It may be cll'ed If Borrower, after JeCeivlng wriUen notice from Lender demanding cure of such default: (1) cures the defatAt WithIn fifteen (15) days; or (2) if tho cure requires more lhan fifteen (15) days, immediately Initiates steps which lender deems In Lender's sofe discretion 10 be suftlclent to cure tho default and Ihereafter continues and completes an reasonable and necessary steps sufficient to produce compfiance as soon as reasonably practical. LENDER'S RIGHTS. Upon defaUft.lender may, after giving such noUces as required byappflC8blo laW, declare the entire unpaid principal b~~ .90 this Agreement and aI accrued unpaid Interest Immediately due, and then Borrower wiI pay thai amount. .' .'. ATTORNEYS' FEES; EXPENSES. Lender may hire Of pay someone else Jo t1eIp coIecIlhIs Agreement If Borrower does not pay. Borrower Will ,pay lender that amount. This Includes, subjeCt to any Rmits under applicable Iaw,lendei"s attorneys' fees and Lender's ~ exponses. whether or not there Is a lawsuit. Incfuding attorneys' feeS, expenses for bankruptcy proceedings ~ncluding efforts to. modify or vacate any .automatic . stay or Injunction), and eppeaIs. If not ptohibited by applicable law, Borrower also wi pay any ~ costs, In addlllon to aI other sums provided by law. oUtY WAIVER. Lender Md Borrower hereby waive the right toM)' Jury trial In III'f action, pr~g. or ~terclalm broUght by either Lender or Borroweregalnsllhe olber. (WVERNING LAW. ThIs Agreement wlU ~ governed by federal law applicable 10 Lender and, to '"' extent not preempted by federal taw, the laws of lhe Commonwealth of PennsylvMla YIIIhoUt regard to fts connIcb of law provisions., this Agreement has been accepted by lender In the CommonwealUt of Pennsylvania. CHOICE OF VENUE. it there Is a lawsuit, Borrower agrees upon Len,der's request to submit to tho jurisdiction of the cowts of.~~~ County, Commonweafth of Penns)'fvanIa. ... T. . RIGHT OF SETOFF. To lheextent permltted by applicable law, Lender reserves a right of setoff in aI Botrower's accoun~ with Lender (whether cheeklng. savlngs, or some oIher account). This Includes aI accounts Bof'rower holds jolnlly with someone else and aD accounts Borrower may open In tf)e future. However, this does noIlncIude any.1RA or Keogh ac:counls. or any trust accounts for which setoft would be prohibited by ,law. Borrower authorizes lender, to tho extenI permitted by applcable law, 10 c~ or setoff aI sums owing on the indebtedness against any and ill such ac:counts.. COKTINUlHG VALIDITY. Except as expressJy Changed by this N;Jteement, Ihe terms of'the original ob.IigatiOn.or. obIgallons, lncIucing all agreements evidenced or securing the oblgation(s). remain unchanged and In fuI force and.effect. Consent by Lender Io.this Agreement does not wa!ve lender's right to strict performance of the obIgalion(s) as changed. nor obIgate lender to make any future change in terms. Nothing in lis ~nt wit consb1ute. a satisfactiof:l of the obIgaIion(s). It I$lhelntenUon of Lender to retain as IabIe parties aI makers and endOrsef'S of the original obIlgation(s), IncIudng ac:comrnodaIon parties. unless a party Is expteSSIy released by Lender In.writlng. Arrf maker or endorser, Including accommodation makers, wi! not be released by Wtue of this Agreement. If any person who signed lhe.orfgfnaJ obligation does not sign Ihls Agreement below, lhen at persons signing below acknowledge Ihat this Agreement is given c0nditi0naliy, based on Ihe representation to lender that Ihe norHIgnlng party consents to the changes aoo provisions of this Agreement or otherwise wi not be released by" ThIS waiver applies not only to any Initial extension, modification or release. but also to aI such subsequent actions. . " .D'~p..oSURE TO BORROWER FOR CONFESSJOH OF JUDGMENT. An exhibit, titled "DISClOSURE FOR CONFESSION OF Jl.()GMENT,-1s att8Checl to this Agreement and by this reference Is made a part of thfs Agreement just as if an the provisions, terms and conditiOns of Ihe Exhibit had been fully .set forth In IhIs Agreement. SUCCESSOR' INTERESTS. The terms of this Agreement shaI be bJncIng upon Borrower. and upon Borrower's helts, perSonal representatives, SlICCeSSOl'S, and assigns. and shaD be en'~ble by lender and its SllCCeSSors and assigns. MISCB.LANEOUS PROVISIONS. Lender may delay or forgo enforolng any of its rights or remedies under this Agreement wfthout losing them. Borrower and any ~ persOn who signs. guarantees or endorses this Agreement. to the extent allowed by law, waive presentment, demand for payment. and nolee of cishonor. Upon any change In the terms of Ills AQreement. and unless otherwise expressly stated In writing, no party who signs this Agreement. whether as maker, guarantor, accommodation maker or endorser, shaI be released from 1iablIity. ~ such parties agree that lender may renew or extend (repeatecly and for any length of line) thlslo8n or release any patty or guarantor or coIIaIeraI; or impair, fail 10.realze upon or perfect lender's security Interest In Ihe collateral; and take any other action deemed necessary by Lender without the consent of or notlce to anyone. M such paI1Ies also agree that lender may modify this loan without the consent of or notice to anyone other than the party with Whom the modification Is made. The obligations under this Agreement are joint and several It any portion of IhIs Agreement Is for any reason determined to be unenfolceable, It wi not affect Ihe enforceability of any other provisions of this Agreement. CONFESSION OF JUDGMENT. BORROWER HEREBY IRREVOCABlY AUTHORIZES AND EMPOWERS AN( ATIORNEY OR TIE PROTHONOTARY OR CLERK OF ANi COlRT IN 1lE COMMONWEALTH OF PENNSVlVANIA, OR ElSEWH:RE, TO APPEAR AT AN'{ TIME FOR BORROWER AFTER A DEFAUlT lJr<<>ER TItS AGREEMENT AN> wm-r OR WmtOUT COMPU\JNT FLED, CONFESS OR ENTER JlI>GMENT AGAINST BORROWER FOR THE ENTIRE PRINCIPAL BALANCE OF THIS AGREEMENT N<<J ALl ACCRUED INTEREST, l,ATE CtWlGES AND AN'( AND ALl AMOUNTS EXPENDED OR NJVNaO BY LENDER RElATlNG TO NN COlLAlERAL SE~NG THE INDEBTEDNESS, TOGETtER WITH COSTS OF SUIT, j.N) AN AT'TalNEY'S COMMISSION OF TEN PERCENT (10%) OF THE UNPAID PRINCIPAl. BALANCE AND ACCRUED INTEREST FOR COLLECTION, BUT IN AN'{ EVENt NOT LESS mAN' FIVE HlJNOREO DOllARS ($500) ON WHICH JUDGMENT OR JUDGMENTS ONE OR MORE EXECUTIONS MAY ISSUE IMMEDIA1E.Y; AN} FOR SO DOING, llflS AGREEMENT OR A COPY OF THIS AGREEMENT VERIAED BY AFFIDAVIT .SHALl BE SUFFICIENT WARRANT. llE Al1THOAJTY GRANTED IN THIS AGREEMENT TO CONFESS JOOGMENT AGAINST BORROWER SHAU. NOT BE EXHAUSTED BY NN EXERCISE a: mAT AUTHORITY, BUT SHALl CONTINUE FROM TlME TO TIME AM) AT AlL TIMES UNTIL PAYMENT IN FUlL OF AU. AMOUNTS DUE IN)ER ms AGREEMENT. BORROWER J-EREBY WANES /iN'{ RIGHT BORROWER MAY HAVE TO NOTIce OR TO A f-EARING IN CONNECTION WITH AN( SUCH CONFESSION OF JUDGMENT AND STATES Tt-tAT ErmER A REPRESENTATlVE OF LEM>ER SPEClACALlY CALLED llflS CONFESSION OF JUDGMENT PROVISION TO BORROWER'S ATTENTION OR BORROWER H.A.S BEEN REPRESENTED BY INDEPENDENT LEGAl COUNSEL CONTINUED ON NEXT PAGE Loan No: 8875005233 i 'CHANGE IN TERMS AGREEME (Continued) Page 3 PRIOR TO SIGNING THIS AGREEMENt. BORROWER READ AND UNDERSTOOD ALL. THE PROVISIONS OF nilS AGREEMENT. BORROWER AGREES TO mE TERMS OF THE AGREEMENT. ms AGREEMENT IS GIVEN UNDER SEAL AND IT IS INTENDED THAT TIfIS AGREEMENT IS AND SHALl CONSTITUTE AND HAVE THE EFFECT OF A SEALED INSTRUMENT ACCORDING TO LAW. BORROWER: LENDER: WAYPOfNT BANK .~ X.;.:~ Aut.... 0ftIc:er CL.~ &.Asu PlIO IAMIIot. v.r. uue._ c.,r.......... AIItIc1IoI................ _. _. III II...... "'~ . rA t\cmI.fi,t02OC.EC lll-U" __ '4~" ;-,~ :.::..~;t. ~~.~':.: .ir::' .: DISCLO~IRE FOR CONFESSION OF -\'OGMENT Borrower: J & J Hauling, Inc. 67S Williams Grove Road Med1anlcsburg, PA 17055 Lender: Waypolnt Ban1< 235 North Second Street p.o. BoX 1711 HarrIsburg, PA 17105 TbIs DISCLosmE FOR CONFESSION OF .u>GMEHT b attached to and by this reference 1$ made a part of the Change In Terms Agreement, dated December 3, 2004, end executed In connecUon wnh . loan or other financial accommodations between W A YPOINT BANK and J & J Hauling, Inc. nE UNDERSIGNED BORROWER IS EXEcunNG A CHANGE IN TERMS AGREEMENT (the -AGREEMENr) OBLIGATING THE BORROWER TO REPAYniAT AMOUNT. /\. I UNDERSTAND THAT THE AGREEMENT CONTAINS A CONfESSION OF JUDGMENT PROVISION THAT Wotl.D PERMIT lENDER TO ENTER JUDGMENT AGAINST THE BORROWER IN COURT. AFTER A DEFAlI.T ON TIE AGREEMENT. WITHOUT ADVANCE NOTICE TO THE .BORROWER AND wrrnour OFFERING Ttt: BORROWER AN OPPORTUNITY TO DEFEND AGAINST THE ENTRY OF .kJOGMENT. IN EXECt,mHG THE AGREEMENT, BEING FlUY AWARE. OF THE BORROWERS RIGHTS TO MJVMCE NOnCE AND TO A tEARING TO CONTEST TtE VALIDITY OF ANY JUDGMENT OR OnER a.AJMS THAT LENDER MAY ASSERT AGAINST THE BORROWER UNDER THE AGREEMENT, I, ON BBiALFOF THE BORROWER, AM KNOWINGlY. 1NTB.UGEN11.Y, AND VOLUNTARI..Y WAIVING nESE RIGHTS, 1Na..uDING AHYRIGHT TO ADVANCE NOtiCE OF TtE ENTRY OF JUDGMENT. AND I EXPRESSLY AGREE AND CONSENT TO LENDERS ENTERING JUDGMENT AGAINST TIE BORROWER BY CONFESSION AS PROVIDED FOR IN THE CONFESSION OF JUDGMENT PROVISION. B. I FURTHER UNDERSTAND THAT IN ADDITION TO GMNG lENDER 1lE RIGHT TO ENTER JUDGMENT AGAINST THE BORROWER WITHOUT ADVAHCE NOnCE. OR A tEARING, TIE CONFESSION OF JUOGMEHTPROVISION IN THE AGREEMENT ALSO CONTAINS LANGUAGE THAT WOlI.D PERMIT LENDER. AFTER ENTRY OF JUDGMENT. TO EXEctITE ON THE JUDGMENT BY FOREa.oslNG UPON, ATTACHING, LEVYING ON, TAKING POSSESSION OF OR OrneR WISE SEIZING nE BORROWERS PROPERTY, IN FlI..L OR PARTIAL PAYMENT OF TtEJUDGMENT. HOWEVER, LEHOEh MUST PROVIDE NOnCE to THE BORROWER UNDER APPLICABlE LAW IN EXECUTING ANY CONFESSED JUDGMENT. IN EXECUTING 1lE AGREEMENT, BEING FlUY AWARl:OF MY RIGHtS TO ADVANce NOTICE AND A HEARING AFTER JUDGMENT IS ENTERED AND BEFORE EXECUTION ON TIE JlOGMENT, "AM KNOWINGLY, INTB.UGENTLY AND va.UNTARJLY WAIVING 1lIESE RIGHTS, AND I EXPRESSLY AGREE AND CONSENT TO LENDERS EXECUTlHG ON THE JU>GMEHT.IN ANY MANNER PERMITTED BY APPLICABlE STATE AHD FEDERAL LAW. C. AFTER HAVING READ AND DETERMINED WHICH OF TIE rou..oWING STATEMENTS ARE APPLICABLE, AND BY PLACING MY lNmALS NEXT TO EAOf STAttMEHT WItCH APPlIES, I REPRESENT THAT: INITIAlS 1. I WAS REPRESENTED BY MY OWN INDEPENDENT LEGAl. COUNSEL IN CONNECTION WInt lliE. AGREEMENT. ~.t'jo. 2. A REPRESENTATIVE OF LENDER SPECIR~Y CALLED THE CONFESSION OF JUDGMENT PROVISION IN THE AGREEMENT TO MY ATTENTION. '. D. I CERTIFY THAT me BORROWERS ANNtJAL tHCOME EXCEEDS $10,000.00; THAT TIE BlANKS IN THIS DISClOSURE WERE FJll.ED IN WHEN I INITIALED AND SIGNED IT; AND THAT I RECEIVED A COPY AT THE TIME OF SIGNING. THIS Dlsa.osuRE HAS BEEN SIGHED AND SEALED BY THE UNDERSIGNED. . THIS DlSa.OSURE FOR CONFESSION OF JUDGMENT IS EXECUTED ON DEceMBER 3, 2004. BORROWER: LENOER: WAYPOINT BANK ~~~ ~ " LASUI'llO......... Yor. ~._ 0......11__ ~.... _7,1-' AlIIl1tloCr ".....,.., -". tlc:ttlLM.\029CIC lR-4_ ""-. EXHIBIT C .~. .~. , ~i .:-f ifJf ~~\ September 27, 2005 VIA UPS OVERNIGHT DELIVERY J & J Hauling, Inc. .. Joseph R. French, President 675 Williams Grove Road Mechanicsburg, PA 17055 Re: Loan ArranQements Between Sovereian Bank (the "Lender'') and J & J Haulino. Inc. (the "Borrower") - Dear Mr. French: - ;.ii. Reference is made to that certain Promissory Notes in the original principal amount of $10,000.00, dated October 31, 2003 (the "Credit Note"), and a certain Promissory note In the original principal amount of $210,000.00 (the "Term Note"), dated October 16, 2003 executed and delivered to the lender by the Borrower. This letter constitutes formal notice to the Borrower of the occurrence of several Events of Default under the Credit Note and Term Note including, but not limited to: 1. The borrower has failed to make aU payments when due under the indebtedness. As a consequence of the occurrence of this Events of Default, the lender is imposing the default rate of interest equal to an increase of 2.00% on the Term Note and an increase of 3.00% on the Credit Note. The lender reserves all rights and remedies available to it under the Credit Note and the Term Note and under any and all other notes, instruments or agreements between the lender and the Borrower (the "loan Documents"), or applicable law, all of which are expressly hereby reserved. No discussions between the lender and the Borrower concerning this notification, other loan relationships between the lender and the Borrower, or any other matter shall imply an agreement on the part of the lender to waive any of its rights and remedies or to forbear from taking any action authorized by the loan Documents or applicable law, whether or not such discussions may be continuing. The acceptance of any partial payment of any of the obligations of the Borrower to the lender shall not be deemed a waiver or limitation of any of the lender's rights reserved herein as to the full amount of any unpaid balance. Any delay or forbearance by the lender in the enforcement or pursuit of any of its rights and remedies under the loan Documents or applicable law shall not constitute a waiver thereof, nor shall it be a bar to the exercise of the lender's rights or remedies at a later date. Please do not hesitate to contact me should you have any questions or concerns. IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment Commonwealth of Pennsylvania County of Delaware AFFIDAVIT OF NON-MILITARY SERVICE Before me, a Notary Public for Delaware County, Pennsylvania, personally appeared Jeffrey L. Goodman, Attorney for the Plaintiff in the above entitled case, who being duly sworn or affirmed according to law deposes and says, that the Defendant above named is not in the military service of the United States of America, that he has personal knowledge that the said Defendant's last-known address is 675 Williams Grove Road, Mechanicsburg PA 17055. Sworn and subscribed before me this ~ day of A v5'..,,<,~, 2006 . dman, /- tto ey for Plaintiff 20-5 -ARO 2 Aldwyn Lane Villanova P A 19085 J.D. No. 62689 COMMONWEALTH OF PENNSYLVANIA Notarial Seal Helen M. Malloy, Notary Public Marcus Hook Boro, Delaware County My Commission Expires Apr. 22, 2008 Member, Per:nsvlvania AS5oc!aticn Of Notaries IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment OFFICE OF THE PROTHONOTARY OF CUMBERLAND COUNTY CERTIFICATE OF RESIDENCE PA. R.C.P. 236 I hereby certify that the precise mailing address of the Plaintiff is: Two Aldwyn Center East Lancaster A venue and Aldwyn Lane Villanova PA 19085-1420 I hereby certify that the precise mailing address of the Defendant, J & J Hauling, Inc. is: 675 Williams Grove Road Mechanicsburg P A 17055 Dated: August 10. 2006 By: ~ oodman s A mey for Plaintiff 2 36-ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 J.D. No. 62689 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment Commonwealth of Pennsylvania County of Northampton AFFIDAVIT OF DEFAULT AND BUSINESS TRANSACTION Bruce S. Spadaccia, being duly sworn according to law, deposes says he is Vice President for Sovereign Bank, Plaintiff, herein; that he is authorized to make this affidavit on plaintiffs behalf, that a true and correct copy of the Note containing the warrant of attorney upon which judgment is confessed is attached to the Complaint filed in this action as Exhibit "A" and "B"; that the Note constitutes a business transaction between plaintiff and defendant; that judgment is not being confessed against individual persons in connection with a consumer credit transaction; and that Defendant is in default under the Note for the reasons set forth in the Complaint. Sworn aNq subscribe before me this ~ay of :L , ~ L' ~ tnllJ) ot~~ My Commission Expires COMMONWEALTH OF PENNSYLVANIA Notarial Seal Marie A. Eckman, Notary Public City Of Easton. Northampton ~ My Commission Expires JUy 5, 2008 Member. Pennsylvania Association Of Notaries :~- . pa acc Vice President ~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK CIVIL ACTION Plaintiff No. vs. J & J HAULING, INC. Defendant Confession of Jud!!:ment NOTICE UNDER RULE 2958.1 OF JUDGMENT AND EXECUTION THEREON NOTICE OF DEFENDANT'S RIGHTS TO: J & J Hauling, Inc. 675 Williams Grove Road Mechanicsburg P A 17055 A judgment in the amount of $65,319.02 plus per diem interest of $10.65434 from August 9, 2006 until paid in full (including interest post judgment per contract) plus costs of suit 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 TO STRIKE OR OPEN JUDGMENT THEREBY SEEKING RELIEF FROM THE JUDGMENT STATING ALL GROUNDS FOR RELIEF IN A SINGLE PETITION 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 LA WYER AND CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP. LAWYER REFERRAL SERVICE OF THE CUMBERLAND COUNTY BAR ASSOCIATION 32 South Bedford Street Carlisle, P A 17013 (717) 249-3166 or (800) 990-9108 (in P Dated: Au!!:ust 10.2006 By: odman 1\tto ey for Plaintiff 20-5 ARO 2 Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 I.D. No. 62689 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYL VANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment NOTICE OF FILING JUDGMENT () Notice is hereby given that a judgment in the above-captioned matter has been entered against you in the amount of$65,319.02 plus per diem interest of$10.65434 from August 9, 2006 un~paid in full (including interest post judgment per contract) plus costs of suit on the ~ day of ~ ' 2006. () A copy of all documents filed with the Prothonotary in support of the within judgment is/are enclosed. By: If you have any questions concerning the above case, please contact the following party: Jeffrey L. Goodman As Attorney for Plaintiff 20-536-ARO 2 Aldwyn Lane Villanova PA 19085 Phone: 610-526-6313 I.D. No. 62689 (This Notice is given in accordance with Pa.R.C.P. 236.) Notice sent: J & J Hauling, Inc. 675 Williams Grove Road Mechanicsburg PA 17055 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYL VANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. vs. J & J HAULING, INC. Defendant Confession of Judgment SECTION 2737.1 NOTICE Pursuant to 42 Pa. C.S. S 2737.1, attached hereto are written instructions regarding the procedure to follow to strike the confessed judgment entered against you. Please be further advised that if you have been incorrectly identified and had a confession of judgment entered against you, under 42 Pa. C.S. S 2737.1 you are entitled to costs and reasonable attorney's fees as determined by the Court. Dated: August 10, 2006 By: // ,~ s Att ey for Plaintiff 20- 6-ARO 2.Aldwyn Lane Villanova P A 19085 Phone: 610-526-6313 J.D. No. 62689 ~,r'. . ~. '/ ~// "'- Pa. R.C.P No. 2959 PURDON'S PENNSYLVANIA STATUTES AND CONSOLIDATED STATUTES ANNOTATED PURDON'S PENNSYLVANIA CONSOLIDATED STATUTES ANNOTATED PENNSYLVANIA RULES OF CIVIL PROCEDURE CONFESSION OF JUDGMENT FOR MONEY. Current with amendments received through December 1, 2003. Rule 2959. Striking Off or Opening Judgment; Pleadings; Procedure (a) (1) Relief from a judgment by confession shall be sought by petition. Except as provided by subparagraph (2), all grounds for relief whether to strike off the judgment or to open it must be asserted in a single petition. The petition may be filed in the county in which the judgment was originally entered, in any county to which the judgment has been transferred or in any other county in which the sheriff has received a writ of execution directed to the sheriff to enforce the judgment. (2) The ground that the waiver of the due process rights of notice and hearing was not voluntary, intelligent and knowing shall be raised only (i) in support of a further request for a stay of execution where the court has not stayed execution despite the timely filing of a petition for relief from the judgment and the presentation of prima facie evidence of a defense; and (ii) as provided by Rule 2958.3 or Rule 2973.3. (3) If written notice is served upon the petitioner pursuant to Rule 2956.1 (c )(2) or Rule 2973.1 (c), the petition shall be filed within thirty days after such service. Unless the defendant can demonstrate that there were compelling reasons for the delay, a petition not timely filed shall be denied. .... (b) If the petition states prima facie grounds for relief the court shall issue a rule to show cause and may grant a stay of proceedings. After being served with a copy of the petition the plaintiff shall file an answer on or before the return day of the rule. The return day of the rule shall be fixed by the court by local rule or special order. (c) A party waives all defenses and objections which are not included in the petition or answer. (d) The petition and the rule to show cause and the answer shall be served as provided in Rule 440. (e) The court shall dispose of the rule on petition and answer, and on any testimony, depositions, admissions and all other evidence. The court for cause shown may stay proceedings on the petition insofar as it seeks to open the judgment pending disposition of the application to strike off the judgment. If evidence is produced which in a jury trial would require the issues to be submitted to the jury the court shall open the judgment. (f) The lien of the judgment or of any levy or attachment shall be preserved while the proceedings to strike off or open the judgment are pending. r? \ ~~-::: I I :[ Cj i G 0' i IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SOVEREIGN BANK Plaintiff CIVIL ACTION No. 06-4787 vs. J & J HAULING, INC. Defendant Confession of Judgment PRAECIPE TO REINSTATE COMPLAINT PROTHONOTARY: Kindly reinstate complaint in above matter. ~ rey L. Goodman Attorney for Plaintiff Dated: October 11, 2006 r".,) (~ C:::J C~:;"" o C~.) ~r:-" 8 SHERIFF'S RETURN - OUT OF COUNTY CASE NO: 2006-04787 P COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND . ." SOVEREIGN BANK VS J & J HAULING INC R. Thomas Kline , Sheriff or Deputy Sheriff who being duly sworn according to law, says, that he made a diligent search and and inquiry for the within named DEFENDANT , to wit: J&J HAULING INC but was unable to locate Them in his bailiwick. He therefore deputized the sheriff of YORK County, Pennsylvania, to serve the within CONFESSION OF JUDGMENT On October 27th , 2006 , this office was in receipt of the attached return from YORK Sheriff's Costs: Docketing Out of County Surcharge Dep York County Postage So 18.00 9.00 10.00 39.03 1. 35 77.387' rl. 10/27/2006 '-r SOVEREIGN BANK . Thomas Kline of Cumber jJjot,Jo(., Sworn and subscribe to before me this day of A.D. ~... Ip~ COUNTY OF 'YORK L{ OFFICE OF THE SHERIFF SERVICE CALL (717) 771-9601 45 N. GEORGE ST., YORK, PA 17401 SHERIFF SERVICE PROCESS RECEIPT and AFFIDAVIT OF RETURN 1 PLAINTIFF/51 2 COURT NUMBER Sovereign Bank 3. DEFENDANT/51 J&J Hauling Ine Confession of Judgment & Complain 5 NAME OF INDIVIDUAL, COMPANY. CORPORATION. ETC. TO SERVE OR DESCRIPTION OF PROPERTY TO BE LEVIED. ATTACHED. OR SOLO J&J Hauling Ine 6. ADDRESS (STREET OR RFO WITH BOX NUMBER. APT NO. CITY. BORO. 'TV-ft. STATE AND ZIP CODE) ]~n M~rtcl C~~l~ Dillsburg, PA 17019 tll 7. INDICATE SERVICE. a PERSONAL a PERSON IN CHARGE DEPUTIZE U CERT. MAIL a 1ST CLASS MAIL U POSTED U OTHER October 13 ,20 06 I, SHERIFF~OUNTY. PA, do hereby deputize the sheriff of YOrK COUNTY to execute this Writ return there rding to law. This deputization being made at the request and risk of the plaintiff, SERVE . AT { NOW 8. SPECIAL INSTRUCTIONS OR OTHER INFORMATION THAT IMLL ASSIST IN EXPEDITING SE'b"lff 0 F CO UN T Y ADVANCE FEE PAID BY PLTF. Please mail return of service to CUnberland County Sheriff. Thank you. NOTE: ONLY APPUCABLE ON WRIT OF EXECUTION: N.B. WAIVER OF WATCHMAN - Any deputy shenff levying upon or attaching any property under within wnl may leave same without a watchman. in custody of whomever is found in possession. after notifying person of levy or attachment. wrthoutliability on the part of such deputy or the sheriff to any plainttff herein for any lou. destrudion. or removal of any property before sheriff's sale thereof 9. TYPE NAME and ADDRESS of ATTORNEY / ORIGINATOR and SIGNATURE GOO D MAN, J E F F R E Y L., 2 ALDWYN LANi, VILLANOVA, PA 19085 12 SEND NOTICE OF SERVICE COpy TO NAME AND ADDRESS BELOW: (This area must be completed ~ notice IS to be mailed) 'QT!=LEPHONE NUMBER 10-526-6313 11 DATE FILED 10/13/2006 CUMBERLAND CO. SHERIFF 13. I acknowledge receipt of the writ or comp\aint as indicated above MJ MCGILL YCSO 16. 17. 18. PERSONAL ( RESIDENCE ( POSTED ( ) POE( SHERIFF'S OFFICE ( ) OTHER ( SEE REMARKS BELOW I hereby certify and return a NOT FOUND because I am unable to locate the individual. company. etc named above. (See remarks below.) E AND nTLE OF INDIVIDUAL SERVED / LIST ADDRESS HERE IF NOT SHOWN ABOVE (Relationship to Defendant) 19 Date of Service 20. Time of Service 23. Advance Costs ~dl~ 40. Costs Due or Refund RY 44. Signature of Dep. Sheriff 46. Signature of York County Sheri" 45. DATE 42 day of '10TARIAL SS'\L 'NMAN, ~,,-.'Tl\RY PUBLIC 'ORK, YORK COUNTY N EXPIRES AUe i? ..,r.~, 47. DATE _._-,~_._-,.-"--_.~.-.__._.--.~-----,.- .j.H .~' .u~? W..H' i ;:'l;" (1;' ''''71 F); '~-y' -.-4 (~f',,; ; ,;. 11"') '~U'f:~) C'T:'t'-~fri,.( "}.! ~~'i) r'';-l~):'~ ;1' ~. , j \ .'" -:}11ii-'