HomeMy WebLinkAbout95-00591
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RobeJ:"t E. smith
MaJ:"qaJ:"et M. smith
301 Ridqe Road
Shippensburq, PA 17257
.~Or05:L~4
Shippensburg, PennsYlvania
January 10, 192A
In installments as hereinatter stated, tOJ:" value l.'eceived,
I/we, promise to pay to Cumberland Valley cooperative Assooiation,
6 Wnst Orange street, shippensburg, Pennsylvania, the sum of
'10.051.34 with interest on the unpaid prinoipal at the rate ot
11 peroent per annum from date hereof until paid in full. Said
principal sum and interest shall be payable in equal suocessive
monthly installments of ,..,.4', eaoh oommenoing on the lQtb day of
'ebruary, 1995, and oontinuinq until January 10. uu, at whioh
time any unpaid balanoe of prinoipal hl.lJ:'8of and all interest
aoorued thereon shall be due and payable in full. All payments
shall tirst be applied to interest dUB, with the balanoe 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 billinq, his open aocount balanoe with
Cumberland Valley Cooperative Association, the whole of the
principal sum then J:"emaininq unpaid and all interest acorued
theJ:"eon, sh~ll, at the option of the holder hereOf, beoome
immediately due and payable, without demand notioe.
And further, I/We do hereby authoJ:"ize and empower any attoJ:"ney
of any court of recoJ:"d of Pennsylvania or elsewhere to appear for
and to enter judqement against us, in favor of any holder of the
Note for the above Bum with costs of suit, release of erJ:"ors,
without stay of execution, and with tifteen (15\) added as a
reasonable attorney's fee, and I/We do hereby waive and release all
benetit and reUef from any and all appraisement, stay or exemption
Laws of any state not in force or hereafter to be passed.
WITNESS I
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TOI Cum~e~land Valley coope~ative A8sooiation
6 We8t o~anq8 street
Shi~pen8~u~q, PA 17257
R~l Ro~e~t~. Smith
Marga~et M. smith
301 Ridge Haad
Bhippens~urq, PA 17257
Demand Note in the amount of "O.011.3~
Dated January 10. 1"'_
Th. und.r.ign.d h.r.by o.rt.l.ti.. in oonn.oHon with t.h. loan abov. r.f......d
t.o ..our.d by a D.mand Not.e oont.aining a oont...ion ot :judg.m.nt. aulhoriain9 any
at.t.orn.y or prot.honot.ary ot any oourt ot reoord in p.nn.ylvania or .l.ewh.r. to
oonf... judgm.nt a9ain.t. the und.r.ign.d, That the loan tor whioh .aid Not.. waa
'iliven l.e not a ooneum..r loen, t.hat. the inoom. ot t.h. Und.r8i9n.d (oon:jugal
inoom. if both epoueee .Keout..d t.h. hot.) i. T.n Thou.and ($10,000) Dolllrs or
mor., t.hat it wae orelly .Kplain.d and fully und.r.t.ood by the Und.t.ign.d thet.
the sK.out.ion of a Demand Not. oontaining a oont..eion of :judgsment olaus. wee
a waiv.r of the lo"i9ht to hev. a plo".judqm.nt. notio. and h.arin9, t.h. d'ilht. to have
,t.h. burd.n of proving d.fault on cumb.rland Vall.y coop.rat.ive Aeeooiat.ion, t.he
credit.olo", and the right. t.o avoid eKp.na.. at.t..ndant upon op.ning 010" .t.lo"ik1ng a
oonf....d :judgem.nt and that. the Underei9ned volunt.arily .K.out..d the .aid O.mand
Not.. wit.h a oonf...ion of judgme~t. olau.e knowing that. the afolo"e.aid Io"iqhtt have
b..n waiv.d and t.hat an eKeout.ion may be ieeued on a :judg.m.nt. .nt..Io".d on eald
oonfession aqainet th.ir property.
The und.reigned furth.r o.rtiti.e that. t.hey w.r. edvis.d and und.lo"etood
that. th.y oould have an attorn.y .Kamine t.h. Maid O.mand Not.. and any ot.her
dooum.nts in oonneot.ion with t.h. loan prior t.o .K.out.ion.
WITN~BSI
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COMMONWEALTH OF PENNSYLVANIA I
COUNTY OF Qu,HI1l"('I (J\('\
f{\16-l. t, ',,~\'\" '1" I )l<.\J(~\t"+ I)') ,')'t~ ','\ \ \ being duly 8wor.n aooordinq
to law, deposes and says that the facts lIet forth in the above
oertifioation are true and oorreot.
SS
Sworn to and subsoribed before me,
this ..l..C..l day of "'S"(\"'lld,L1 \qq'-5
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