HomeMy WebLinkAbout95-00849
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COMPANY
CUMBERLAND COUNTY,
PENNSYLVANIA
CIVIL ACTION
Plaintiff
v.
NO. 95-849 Civil Term
DANIEL E. SPEALMAN and
JOANN G. SPEALMAN
Defendants
PRAECIPE
TO THE PROTHONOTARY:
Please mark this Judgment "satisfied" by order of the Plaintiff.
KEEFER WOOD ALLEN & RAHAL, LLP
Date: May 26,1998
By:
Eugene E Pinsky, Jr.
Attorney . 23702
210 Walnut Street
P.O. Box 11963
Harrisburg, PA 17108-1963
(717) 255-8051
6. The commercial Loan Note provides that Plaintiff may confess
judgment against Defendants for the above sum [of Two Hundred Fifteen
Thousand Dollars ($215,000)] with costs of suit and with fifteen
percent (15%) added for collection fees.
7. The total liability of the Defendant on and under the
Commercial Loan Note is $203,304.62. Fifteen percent (15%) of said
principal sum is $30,495.69.
8. Plaintiff has been advised and, therefore, avers that
Defendants executed the Commercial Loan Note referred to in
Paragraph 4 above for business purposes.
9. Plaintiff has been advised and, therefore, avers that the
individual Defendants' income exceeds $10,000.
WHEREFORE, Plaintiff demands judgment against Defendants in the
sum of $233,800.31, together with interest as may hereafter accrue and
costs of suit.
KEEFER, WOOD, ALLEN & RAHAL
Date: February 14, 1995
By:
Eugen nsky, Jr.
Attorne I.D #23702
210 Walnut street
P.O. Box 11963
Harrisburg, PA 17108-1963
(717) 255-8051
Attorneys for Farmers Bank and
Trust Company
-2-
..o"",,:':L. E ;,:t~ ~A':~ cr:'1i;:....-.LMl'\,.,
Commercial Loan Not. . ....,..
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S 215,000.00 Date fil'~/' ",'4, /tp
The Undersigned, jointly and severally, promise to pay to the order ot Farmers Sank and Trust Company 01 Hanover (the
"Sank") or Its Assigns at any 01 Its bank olfices TWO HUNDRED FI FTEEN THOUSAND------------- Dollar.,
to be paid as follows:
· Principal payable
$1,962.82 per month
notice therefor.
including interest accrued to date of Bank's
With Interest
At a rate per annum equal to the FB&T Base Rate as in effect
from time to time plus 1.25\.
Inl.,... ahal bit caJc:ua.led on lhe bUll of lh. .ctum number 0' d.V- In th. 'hen current calendar ye., dtvklld by 3&0. Both principal and Int.,II' art plyafM in IIw1u1 money
of the United S"" of Amertca at any O"lce of Bank In Immedlltely Ivailabl. fund'.
SECURITY. ,.. NCUrtty tot Ih, Plym.nl of Ihlt noI. and tor U. paym,nt. performance and ellCh.rge 01 all oth.r pre..n. 01 tuture indebtldn.... obrJg.UCHW and undtrtaklnga
(lndMduaJ. tol".. leV"", dlrKt, continQlnt Of GtNfwiH) ot Ih, Borrow.' 10 Of lor Ifl' btMfIt ollh. Blnk wh.the, InllnQ diredly to the Bank under Ihl, not. or und.r any other
ag'Hm.nl. promlllOl'Y noli Of und.h.WtQ' now ,Il.ling or h.r.n.n" ,nl.red by Ih, Borrow., 10 Ih. 8.nk. The Bofro.II "er.by u.&'gnl and tran,'.r. 10 end plldge, wllh lh.
o.nk and gran18 1"- hnk a .ecurlty Inllrestln th. followinG property:
Collateral as set forth in a Mortgage from Daniel
Spealman to Farmers BanK and Trust Company, to be
E. Spealman and
granted on real
JoAnn G.
estate
loc~t~n ~t A71 B~ltimore Str~et. Hanover. Pennsylvania.
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, Name and TIIII
COL.LATEAAL Th. lerm "CoIlal.ral" u u,1d her.in m..n, all ollh. foreooing Pfoptrly, logeth.r with all property Int.r.." ollny nl1ur. whatlOeVet 01 'h. Undtr'iQned, Of
Iny 01 1hlm. now Of h.....n.1l1t in Ih. polHuion of Of anigned or hYPOlhecaled 10 IhI Bank lor Iny purpoll, including without lImitltkK\ any propeny 11,led abov. and any
baI.nce or ,hlf'. belonging 10 Ih. Underligned Of .ny 01 Ih.m, ot ,ny d'POIII. ag.ney or oth.r account' with the Bank Ind any other amounll wh~ may be O'Mng from lime to
1.m. by 'h. Sank 10 Ih. Uncllrli~ed or any 01 them. Th. Und.rSlgn.d .grN' 1,..1 Ih. Bank .hall have a li.n upon and IKUrlly lnt.rllt In the CotIateral, and all rights in con-
necllOn WIth th. Conat"al, to HCur. Ih. payml" 0' 'hi. not. and any rtn.wlil, ..I.nsion' and modilicaliOnl laeof and all other .liatlng lIabUlIin. whether abIolut. or ~
bnQIn\, of Ih. ~raigned. or any of th.m, to thI Bank. IIkt noli and any renewall, ...,n.lanI and modllicaUona thlirlOt and II1d other IlabIUtItI being htr.inlftlf ~i
rtl.rrtd to u thI "Uabilrliu", If any othtr UI~IU" at. In 'li.llnc. whln Util noli it paid, th.n, notwllhllanding the lurr.ndtf of \hll not" the Bank may retain IhI CoIlalerll
and &hall have ....th rNPlClthlreto all rlQhll and rlmedi.. .VlllabI. to II, 1nc:ludu"Q thaM h.r.inafter granled or ref.rred 10, Ind I true copy of \HI not. thall be .utfidtnl prool
01 the rights gritted her.in. Said Il.n and HCUrty Inl"III ahall blind.pendlnl of any righ' at .8I.oH which the Bank mav have, The Undtralgntd AltUmll lull ".pontibUlry a"
pr...rvation of 1M CoUal,,". including taking any Itepl nec....ry to preH,..,' any rtghts of the Under.igned. 0' any of Ihlm. or the Bank In It .nat prior PI"" "any prop-
erty Included In the COIlaleral 0' the valu. Ih.rlOl ,hall at anv lme beCOme unllh"lctcwy 10 Ih. Bank, Ihe Undersigned thall wlhin 24 houl'l a'" demand and II Ihe Bank may
direct. deliv'r. auign or hypOlheCll' to the Blnk II part of the CO<<llteral Iddltlon.1 prOptrty which il ..tilllctary to thl Bank,
RIGHTS OF BANt<. In addlnon to all other rigMI granted h.rein or othlrwlH pollftl8d by II, thl Bank ahall hive th. fotlowlng ''ohtl, ..ell 01 wh~ may be I'XlfC1Md II any
Ii"". withOut prior notlCllO or consenl of Inv of Ihl Und.r,ign.d: (I) to pltdQe or Irln.'., Ihi. notl and anv flnewall, .xt.nlionl and modificatlonl th.reof, assig-ung Ih.rewith
thl Bank'l rights In Iht eon.llral or any ponion Ih.rltOl, and any luch pledg" Of Iranlll'" .han have all the rights ollhl Bank hereunder wilh respect 10 th.1 nol. Ind any
renewall, 1.llnllionl and modilicalions Ih.reol arod any 01 Ih. Collaleral so ISSiW'td th,r'Wllh, and Ihe Sank Ihall be Ihlrlltt.r rwlttved from all liability with rllpe..:l to anv 01
(he Conallral 10 ."Ignld; (ii) 10 Iranlt., the wholl or InV pan 01 the Coallllrallnto Ih, n.ml 01111.11 or itl nomin..: (Iii) 10 volllh. CoIIII"al; (Iv) to notitv th. personl
Obllglled on any 01 the Collal"a1lo makl paymenllo the Oank 01 anV amounl' du. or to beCOlM due thereon; IV) 10 Ilk. control of Iny proCl.dI ollhe Collaleral. and (VI) to
releaH or Ixchange anv of th. Collaleral at anv time blfoll or aft,r malutlly heteof
PAYMENT OF COSTS. In additiOn to thl pflnclpal Ind intetest paym.nls lpec.hld aDOv'. the Undlr.igned Iha. paV 10 'h. Bank or any other hDkflf h.rlO', upon dlmand, all
COil' and "PI,..I (Indudlng reasonabll II10fneys' II" and 1101I1 .xp.n.... which m.y be '"CUffed bV Ih. Sank Of .uch holder In the CUltocty, Pf...rvalion, Ult, Op8rlllon,
preparllion for .'e Of NIl 01 the COllallral 0' the enlOtClmlnl upon dll.ull 011"'1 nolI Said COlts Ihalllnclude r,"onabl. ,nom.Y" IN' and COItl In bankruptcy prOo
ce.ding.. Also includl fe.. .ncurred lor Iny l.gal aCllon in ,elatt(ln to the loan tranllCllOn (1.1. betng jOlnld In 1"1 action blrw..n our borrower and , 3rd pany)
DEFAULTS. Th. Und.fligned shall ~ In defaull h.rlunder upon the occur"nOl of any ollh. 100lowing .....nl.: (al the nonpa)'mlnl wh.n due 01 any amount paylbl. on any 01
the Liabililill, Of the failure 01 any ObligOf 10 observe or perform Iny agrumlnl 01 any nalur. w"'l108Ver wilh the Sank (the I.rm "O~igor" al used h.r.in being mlantlO in-
cfud. lhe Undersigned and all plllOnl aecondari1v liable on Ihil notl or any "nMIII, l"ln.iona, or modilication th.reof, luch U Indorl.1'I or guarantors); (b) II any Obligor
beCOmes insotvenl Of mak.. an a"lgnm.nl lor th. bln.hI 01 cflcMor., or it anv petlllon II flied by or Igain'l any Obligor under any provi.lon 01 Iny law or ltatull alleging that
such Obhgor is In.olv.nt Of unabl. 10 pav d.btl IS Ihev mature; (C) the .nlry at any tudgm.nt agalnll any Obligot or Ihe ISluing of any anachmen' or garni.hmlnt Ig'ln'l any
propenyot ,ny Obligor or thl occurence 01 Iny Chlngl In the flnanCI,1 condlllon 01 any Obhgor wtuch in th. tole Judgmlnl 01 th, Bank il mat.rially adver..; (dl (hi dlllOlution.
me'ger, consolidation or rlOrganitllion of any Obligor which II a cOlpolabon 0' pertnl"tup; (I) It'll dlllh 01 any Obligor who I, a nalural Plrton: (I) any inlorm.hon hellto'OfI Of
hertlnall., futnlsllld to IhI Sank by any Obligor In conn.ction wrlh Ihe loan ,vldenced her.by 0' anv guaranty lhould be materially lalH: and (g) Iht failure of any ODhgot' 10 tur,
nlsh luch Imancial and olher Inlorm.lIon II Ihl Bank mav rlllOnlblv requelt
ACCELERATION AND ENFORCEMENT RIGHTS. Wh.never thl Under.igned Ihan be In dll.ull u a'oreu)d. I') un"" th. Bank .IKI' OIh.rwl., the Inli,. unpaid amounl of
luch of the Uabditill u Itl nol thin due Ind payable Ih,ll becoml .mm.CStlllly due and payab" wlthOul n01ic. to or d.mand on any Obltgor; end (2) th. Bank may II tta op.
hon ..ereIH trom tIme to lime any 0' all right. and rem.dlll ayallable 10 II und.r Ihe Plnn'ylYlnla Uniform CommlrClal COde or Oth.rwtH .....llabI. to II. Including th. nght to
dllpose 01 (he CoIl.I.,al II publIC or priVltI UIe(I) Of Olhtr proce.dlng1. .nd IhI UndetliOned egrll. 'halthe Bank or It. nomine. may becomlth. purch...r II any luch
sall(l). Thl Undetllgned waIVes all flgh' to Ilay 01 e.ecullOn and e.emplton 01 property In Iny achon to .nloree any ollt'le Liabilities,
APPLlCA nON OF COLLA TERAL Th. proceeds ot any Collallral recelvld by thl Sank It anV tlm. betOrt or aft., dlf.ull whllher from III. 01 CoUallra' Of othlrw,". may be
appllld to or on accounl of th. paymlnl at .uch of the Liabilitlll and In luch order II thl Oink mav .IICI. Each of Ihl Und.fllgned Ia the Ixttnllhat h. hIS Iny rIghi, tItSt or
int.r..t In anv of thl CoUlllral, w.lY.. and relllHI any ,lQhllO rlqultl the Bank 10 tolllet any olth. UabiliUl1 from any 01 Ih. Collaleral under any Iheory of matlhllllng of
Issell. or Othlrwilt, and lpeciftcally aulhorlzlllhe Sank to apply any 0111'1. CoIIIII"1 in which h. hu. righi, tlU. or Int".lt egainll any of the Llebllltl.. In any man"" thaI II
may dtlllm.n..
JUDGMENT. The Undersigned dOel hereby autho,IZI and empow.r anv Ino'",y 01 any Court of R.cord 01 Pennlylv.nla or .INWhll' to apPM-r 'or and Inl,r judgmtnt
againll Undetllpd fat thl abaY. .um~ WIth or wllhout declarahon. WIth costl 01 su.I, inCludIng realOn.bI. anorney's fH' and 1.1 In bankruplCY proceedings. it Iny, tellu. of
e,torl, wlthout_av 01 executiOn, and Wllh 'Ihltn (1SlMI) perc.nt. added 10f c~,.tllOn IHI; Ind the Undersign.d further Igr"l thai ,.a', Plrtonal or mixed property mar be laid
upon any wril of e..cutiOf1 II n~ or hlrllher provided by tew Of the Pennsylvan'l Ru'" of CIVIl Proc.dur. QOVIrning Ih. .nlottlm.nl of judgmenla; and Und.rslgned herlby
WIIV" and r,lease. .11 rlhlthorn any appraIsement. IIIV at ..emptlon I.ws 01 any Ilale now In lorce or hlleall.r enael.d. If I copy hlflOf, verifl.d by aHidavl1, .hall have
been r.led In IUch proell(hng, II Ihall not be necellary 10 tll. the ougln'l II a WI"ant Of ano,ney. Thl Undlrsign.d (and .tch oIlh.m, H mort than on..) hlrlbY walvel the
tlghllo any Itay ul .xecullOn and the benelll 01 all e.emptlon laws now 0' her..f'ler In IHtel. No Ilngll lxetC'" ollhll warrant and power 10 conl.u judgment !I1all bfI 6ttm.d
to e.haulllhl' power. wh.lher or not any luch exlrt.1I Ihall be held bV any court to be Inyalid. vlOlabll or void. butthil power Ihall continu. urdimlnilhed and may bfI 'IIre...
ed from 11m. 10 lim. u ohe" '!" R1'lk ..,,,tl ..Ien until III luml (tIJe hereundet Sh.1l h'~e be.n p.lld In Iw::.
MISCELLANEOUS Any '1IIurt 01 t.... San": 10 .xtrC~1( :IIIV r:~lI; I'. !"J..~t' .~, .. ..... to'Slr.~:i' - WIIYf" J t.... riOhl b cxert.'lJ(' the 1.lnJ L' .,., ..,. .. ,~ \J~."
11mt. II thl UnCMu.'OnltCl consilII of If'Ofl U.ln un" plllOtl, IUl;h pefM)n, Ihall U8 pnll. and llverally hable hereundlr. Th. UndelllGned tnllnd. 'hiA to be '" ..~JOd ,,.t.ffUtM..,
and 10 be t.galty bound h.reby. All illU" ar..ing hlrlunder Inall be govern.d by thl l.wI 01 Penn.ylvlnia.
WITNESS OR AnEST: BORROWER, DANIEL E. SPEALMAN and
JOANN G. SPEALMAN
(N'...' 0' "."n:ro:.'.;," O' P"'"."n,~./
_" ~~... J
N.....,'"ToII. Da,niel E S lman
~' c: ; "
_ ____~ c:. ~J
N."'t and ~Itl' JoAnn man-'
ISl.ALl
_(SEAl I
/
---~_._-_.~._- ..--...--....------...- .
Name and Tille
-If any payment of principal or interest
is not paid when due or wlthin 10 days
thereafter, a late charge of 5\ of the
amount pas due (but not,less than $10l
wlll be assessed 1n addltlon to any
interest due. Ikn 1 / .:
n."6 ^~(H ~ .~
RCH DES' JGS /':t
ISEALl
._CS:All
,.
_....!'IJ!~.t.f.Qr c1
City
MA
Stall
01886
Z'p
8m
FARMERS BANK AND TRUST COMPANY
plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
NO.
CONFESSION OF JUDGMENT
.
.
.
.
v.
DANIEL E, SPEALMAN and
JOANN G. SPEALMAN
Defendants
To: Daniel E. Spealman and JoAnn G. Spealman
You are hereby notified that on FebrUary~, 1995, judgment by
confession was entered against you in the sum of $233,800.31, in the
above-captioned case.
DATE: February I~ , 1995
rotho
(J
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT
HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE THE OFFICE SET
FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP.
CUMBERLAND COUNTY LAWYER REFERRAL SERVICE
COURT ADMINISTRATOR
4th Floor, Cumberland County Courthouse
CarliSle, PA 17013
(717) 240-6200
I hereby certify that the folowing is the address of the defen-
dant(s) stated in the certificate of residence.
Daniel E. Spealman
JoAnn G. Spealman
4 Evergreen Circle
Westford, MA 01886