HomeMy WebLinkAbout95-00588
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No.
Civil 19
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Court of Common Pleas
Cumbo Co.
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Brownewell Dairy
c/o Robert A. Brownewell,
Deborah L. Brownewell,
Fred R. orris, and Mary K. Orris
259 Horseshoe Road
carlisle, PA 17013
$9.517.20
Shippensburg, Pennsylvania
December 27, 19~
In installmsnts as hereinafter stated, for value receivsd, I/we, promise
to pay to Cumberland Valley coopsrative Association, 6 West Orange street,
Shippensburg, Pennsylvania, the sum of $9.517.20 with interest on the unpaid
principal at the rate of 11 percent per annum from date hereof until paid in
full. Said principal sum and intsrest shall be payable in equal successive
monthly installments of $311.58, each commsncing on the A11h day of
January, 1995, and continuing until December 27. 1997, at which tims any unpaid
balance of principal hersof and all interest accrued thereon shall bs due and
payable in full. All payments shall first bs applied to intsrest due, with the
balance to be applied to principal.
Upon default in payment of any such installments or of interest when due,
or upon failure of the maker to pay, within thirty (30) days of billing, his open
account balance with Cumberland Valley cooperativs Association, the whole of the
principal sum then remaining unpaid and all interest accrued thereon, shall, at
the option of the holder hereof, become immediately due and payable, without
demand notice.
And further, I/We do hereby authorize and empower any attorney of any court
of record of Pennsylvania or elsewhere to appear for and to enter judgement
againet us, in favor of any holder of the Note for the above sum with costs of
suit, release of errors, without stay of execution, and wit~ fifteen (15\) added
as a reasonable attorney's fee, and I/We do hsreby waive and release all benefit
and relief Crom any and all appraisemont, "tay or exemption Laue of any ctate not
in force or hereafter to be passed.
Brow"eluell thi ry
WITNESr:
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TO: Cumberland Valley Cooperative Association
6 West orange street
Shippensburg, PA 17257
RE: Brownewell Dairy
c/o Robert A. Brownewell, Deborah L. Brownewell,
Fred R. Orris, and Mary K. orris
259 Horseshoe Road
Carlisle, PA 17013
Demand Note in the amount of $9.511.20
Dated December 27. 1994
The Undersigned hereby certifies in connection with the loan above referred
to secured by a Demand Note containing a confession of judgement authorizing any
attorney or prothonotary of any court of record in Pennsylvania or elsewhere to
confess judgment against the Undersigned I That the loan for which eaid Note wae
given ie not a coneumer loanl that the income of the Undereigned (conjugal
income if both spouees executed the note) is Ten Thoueand ($10,000) Dollars or
morel that it was orally explained and fully underetood by the Undersigned that
the execution of a Demand Note containing a confeeeion of judgement clauee wae
a waiver of the right to have a prejudgment notice and hearing, the right to have
the burden of proving default on Cumberland Valley cooperative Aesociation, the
Creditor, and the right to avoid expenses attendant upon opening or striking a
confessed judgement and that the Undersigned voluntarily executed the said Demand
Note with a confession of judgment clause knowing that the aforesaid rights have
been waived and that an execution may be iesued on a judgement entered on said
confession against their property.
The Undersigned further certifies that they were advised and underetood
that they could have an attorney examine the said Demand Note and any other
documents in connection with the loan prior to execution.
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF ('(> \../Y'.rv,\o..r-A.
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( SEAL)
P (SEAL)
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(SEAL)
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being duly sworn according to
law, deposes and says that the facts set forth in the above
certification are true and correct.
Sworn to and
his ro day
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UOTARIA!. SEAL
JENNIFER M, BRINTON, Nolaty Public
Call1sle, cumberland Counlv
My Commission Expl103 Nov, 23, 1998
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