HomeMy WebLinkAbout95-01907
(,~1' - /flc1? ii,,,-/02<,.,
NOTE
I'ATRIU( I.. LEEDY andmACY E, LEEDY.
husband and wile. individuallv and
LEED), I1EAIHNG AID CENTERS. INt.
to
.,-
Daled: 6.n~;;I. 8'". I q 1!J
At: c.t1-M~ i-+;J..L, f~
BELL HEARING AID CENTERS. INe.
Amount: $125.000.00
FOR V ALtJE RECEIVED. without defalc<llion. the undersigned.
I'ATRICK I.. LEED), and TRACY E. LEEDY. husband IInd wile. lIIdividualh'. and
LEEDY HEARING AID CE:>n ERS. INC '. a Pennsylvania Corporulion. (hereinafter called
the "Maker"). whose address is 11 Wineberr)' Drive, Mechanicsburg. Pennsylvunia. does
hereby promise to pay 10 Ihe order 01 BELLHEAHING AID CENTERS, INC..
(hereinafter clllled Ihe "Holder"). whose address is 1501 ~"IJ'ket Street. Camp Ilill.
I'ennsylvania. at said .Illdress. or at such olher place as the said Holder hereolmay from
lime to time designate. in writing. Ihe sum 01 One lIundred Twenly-flve Thousand and
00/100 ($125.000.00) Dollars. lawful money ol the United Slales of America. and any
additionalmonevs loaned or advanced hereunder bv the Holder hereof. as hereinafler
provided. with iilterest on the unpaid balilllces of pl:incipal com pUled as set forth herein
unlil all sums due hereunder have been full)' paid. including afler entry of judgment hereon.
1. Inlerestl{ale. The Maker promises 10 IlilY interest on the outstanding balance 01
the principal sum at the rale of nine percenl (9%) per annum during Ihe term 01 Ihe
indebtedness evidence by this Note.
2. Payment 01 Principal and Interest. Principal and interest shall be payable. in
lawful money 01 the II nited Stales of America. at Ihe address of Holder set forth above. or
such other place as the Holder may designale in writing. Inleresl and principal shall be due
in successive monthly installments of One Thousand and 00/100 DOLLARS ($1.000.00)
enl'll. on Ihe 1 st day of each month commenl'ing on Aprill. 1995. which shall be applied
first to payment of interest. as accrued. and the balance to the paymenl of principal. In
addition. Mul-er shull pOly 10 Holder a sum ellWl1 to rive (5%) percent of monthly gross
sales. Said sum shall be paid on the I sl day of each month commencing on April 1 , 1995.
for Ihe preceding month. Said sum shall be upplied to principal. A final inslallmenl in the
lull amount of principal und inlerest then remaining due IInd unpaid. and uny other Slims
outstanding and due. shall be payable on March 1. 2000.
In Ihe event that ~hll-er shall disl'ontinue operalions before Ihe principal and interest
due hereunder are paid in lull. :\lilker agrees 10 pay Ihe sum 01 One Thousand Five
Ilundred and 001100 ($1.5011.nO) on the I st day of each monlh which shall be applied first
10 payment of inleresl as accrued. and the balance to the p.lyment 01 principal. A final
installment in the full amount ol principal and interest then remaining due and unpaid. and
any other Slims oUlstanding and due. shall be payable on ~Iilrch 1. :lOon.
.t Laic Chargc, Inlhc cvcnllhal an)' in\lallmcnl\ providcd hcrcin \hall bccomc
ovcnluc for a pcriod of in CXl'C\\ of Icn (Ill) day\.lhc ~Ial.cr agrec\ 10 pay a late charge of
tcn (10'7.,) perccnl of the amount \0 ovcrdue 10 cover Ihe addilional cxpcn\c incidcnllo
dclinqucncy. Thb \hallnot hc con\lrucd 10 obligatc thc Il'llder 10 acccpl an)' ovcrduc
in\IUlhncnlnor 10 limit the Iloldcr'\ righl\ and rcmcdics lor lhc 7\lal.er'\ dcl'aull as sct forlh
in this 1'OIC.
4. I'rcpa)'mcnt. Thc ~hll.er hcrwf \hall havc Ihc privilcgc of prcpaying Ihis
ohligalion in I'ull or in pari al an)' lime. willlllut pcnall)'.
5, Intercsl on Default. Said ~h,l.cr agrcc\ Ihal hOlh Ihe principal. or any balancc
thcrcof. and interc\lof Ihis :-':ole. \hall bcar intcrc\t al thc ralc hcrcinbcl'orc providcd, il' not
paid whcn duc.
6. Confcssion of Judgmcnl. The ~Ial..cr docs hcreby aUlhori/,c and cmpowcr Ihc
Prothonolarv. Clcrk or C ourl. or an\' atlornev or anv court of rccord inl'ennsvlvania. or
elscwhere. tll appear for and confess judgmenl agai'nst it and in hl\'or of said ilolder, its
successors and assigns. as of an)' tcrm past, prcsent or futurc, with or without declaration.
for the dcbt cvidcnccd h)' this Notc. with intcrcst thcrcon, togcthcr with costs of suit and
reasonahlc atlorncy's fecs for collcction. with relcasc of all error. iUld on which judgment
the lIoldcr nmy, issuc or causc to be issued an execution or exccutions, waiving inquisition
and condcmlliltion as 10 any properly levied upon by virtue of any such cxecution.
waiving all exemption from levy and sale of any propcrty which now is or hcreaftcr may
bc exempt under any Act of Assembly.
7. Accelcration, 11 is hereby expressly agrecd that if. at any time I dcfaull shall be
made in the paymcnt of the inslalhnenls of principal. or of Ihc interest as aforesaid, for Ihe
space of thirty (30) days aner any \uch payment thereof shall fall dUe. or dcfaull in any
othcr tcrm or condition sct forth in this Note. then the said principal. or balance of said
principal, evidcnced by Ihis :\ote, logcther with all arrearages of inlerestthercon. shall at
the oplion of Ihe said Iloldcr bccomc due IInd pllyablc illJmcdiately, anything hcreinhcfore
contained to Ihe conlrar)' in illlY manncr notwithstanding. IInd any eXeculionnlilY forthwith
issue for the collcction of thc same. together wilh all fces. l'llsls and expenses of collccting
Ihe samc, including reasonllhlc atlorncy's fec\ for collcction.
H, Waivcr. The ~Iakcr. guanllllors and endcavors hcrchy jointly and severally
waive presenlment for paymcnt. protesl and demand for notil'e llf prole st. demand for IInd
nolice of dishonor. and nolicc of nunpaYlIlcntof Ihi\ Note. and consent t1ulllhe Holder
hereof lIlay extcnd thc lime or paYlIlenl. or olherwise modify the tcrms of payment of any
part of the whole of thc dcbl c\'idcnl'cd hy lhis ~ote, althc rCll"c~t of any olher person
liahle hercin. and ~lIl'h 1'I111\Cnt ~hallllot aileI' or dimini-h the liability of any person
hcreunder.
'l, ~Iisl'. ALL rclerclKcs hClcinlolhc ~ingular a\ lolhc Ilolder and Maker shall
indude the phu'allhercof. II i~, ahoundcr~llllld Ihal "1Iolder" rcfcr\ tolhe Holder and its,
his. hcr or Ihcir cxel'uhll'\. adlllilli~lralor\. ,Ul'l'CS\Or\, illld a~\igns. a\ thc lIJaller lIlay be.
J..Uill.iMillH' NOTE
INSmnll~N'I COS'IAINISG CONFESSION 01: H'Dli~(E:\T AS REQI:IHED
BY OI'It\ION OF SUI'RF~1F l'OI'J~ r llJ: 'IIII'. I 'NI rFD SI A rFS
RF: NO'lF IN FAVOR OI,BFI.I, JIFARI:\G AID l'I'.NTI~RS, INC. A:>;D AliAINS'I
'IIII'. I'NDERSIGSED. (OSIAISISG ('OSH:SSIOS OF Jl'DG~IEST.
DATED: 1t.-""13 ~-i-L? r.j~
A~I()lIN I: $llS.Ollll.OO
I, 'Ihc undcr\igncd cerlil~' Ihilt thc inl'omc of Ihc undcr~igned, or conjugal
(husband/wife) incolllc wilh bolh SPOU~c\ cxccuting Ihc documcnt. is allca~1 $10.000.110
annually.
2. Thc undcrsigncd dearly and spcril'il'ally undcrsland Ihat hy ~igning thc notc
abovc rcfcrrcd to.l'lIntaining a Conrcssionof Judgmcnl ChIlJ~c:
(a) Wc <111l1 cach or us aUlhorizc BEI.1. HEARING AID CENTFHS, INC to cnlcr a
.Judgment against thc unucrsigncd. or eilher or us. at ils discrelion and in its favor wilhout
notice and without dclcaralion of dcfaull for non-paymcnt, which cnlry will givc thc holdcr
alicn a~ sccurity for paymcnl upon Ihc rcal propcrly (including Ihc home) owncd by thc
undcrsigned allhc limc of cntry. and a Iicnon pcrsonal propcrly owncd by undersigncd al
thc lime it is givcnto the Sheriff for exenuion.
(h) We and cach of us wai\'c all right 10 notil'e and 10 havc .11I opportunity to bc
heard prior lolhc enlry or lhe .Judgmenl onlhe Court records. undcrsland that lhc only
method to challenge Ihi\ Judgment would he hy proceeding~ in COUl'l 10 open or slrikc ii,
which proceeding would re~ull in \Uh\I.llllial allorne~"~ fec\ which lhe undersigncd would
have tll pay.
]. The undcr~igncd acknowledge rccciplor a copy or this Mfidavit and ccrtify that
ahcr rcading and fully underMalllling il. the undcrsigned havc signcd Ihis Mfida\'it
intcntionally. understanding and voluntarily waiving all the allO\'C rights. hcing willing 10
si' . 'h notc d ' '111 con~ellucJ1l'e\ sel r"nh abo\'e.
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(SEAL)
(SEAL)
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..0e\L\:\ell("~'- t\, -::>S~ 1\~~./,:t:I'.IL
- - ~ ~ - - " .
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In the Court of COllllllon l'leas of
CUl1lberland County, Pennsylvania
JUdglll,uI ill r,,,,,, "r I'I.illliH.", .__~./l!J.)..<j_[_.
.........._..__..___..._._..'._ (or $-.\?-'~T OOU
:;" ~5::.L'IOl ...~,~~:J_.. 1''''", ~..__
LIII1'1<"\ ----~,I".~I-q .:;;.....-..-..... tK.__..
\'S,
.. ~g.,.\,I":;_I.~ ._.L.".. ,~e..c:.~._-.
.., ..l, f'.Po l~.. _ J~,..... ~,e. ~A ~. . -.;. -.
o tJ "',.1'
. - -. - ~ . ~ -.. -. - . - . ~ - - -. . - - - . . . - - - ....".. ~ - -. . . - - - . . .
--.--.-------------.---.-----.---..------- ..-
.__.___0. .~. \~_ _, _J1~.~_ ~ ~t).. - -N .J::l,~!: J:\W~ -j -:!. ~s,...,. ......---.- _.u_______ 1'1,lntiH
in the abo\'~ JudSTnl'nt, do appl'ar and adl\o\\'h!dgt' that \}J ~ this day have had and rl'ceived and
1'011I -...r-c.\.-~ _ ';s".'t'> ___ ~_: _. _ ~.~_~~ _, .~, -- - T! ~...~ ,.Iii€" ..l.~ (:,~-.. .-- - - ---- - -...---
the d:::~ndant in thl' abo\..... JuJ:.;:wr:t, r\lllll;\~'IlI'lll and -,ai)fartil)!l llf 1~t' ~;1I;\(=. \dt!l illtn,,)t and l'O!U, and df'~irrd that
satilracuon therdore shall be entered upon the records ulcreoC.
And lurlher, vJ c.. do hereby audlOri,e and empoln'r ---..t..\.2.[.1;.~.----&-.,---J.,.-O...(\o,.---..--
___h______.._______ thePrOlhonolary of said Court, to appear __:~___fQ_(__.._V_S_n___u_____n___n
and in 0\.1 In3me and HCJd to l'nter Cull saluCJction upon ule record of said Judgment. o:U Cull)' and effectually. to all
intents ar.d purposes, a~ ~c... could were f>t"r pcnonallr present in person to do 50, And Cor 50 doing this shall be
)'our sufficient wnrant or authority.
In tcstimoD)' whereof, \).j e. h:1\C hereunto set our hands and scals this ~__~!:~______n__u____..n___n_____
dal' 01 ._..__..m___]?g,,~_._.______._______.____, A.D, .j.lJo.9l.~}
y- ..__.::.-,~_.~__D___n..'Y-.______.___ (Sea\)
" _ _ _ __" __ .__. .___.n._____ .___. _ _..____". __' (S,an
Stale 01 P,nn'yl>>nia }
Counl)' 01 Cumberland,
PCflonally appeared bclore m" the ,uo.crib!:r, ___JQbn_..~___B.~.1Ln______.__...____..._.u_.___
(Seal)
,-------------_..-------------------------------~._._--.-.-----..---.-----...---------.---..--..---.---------.--
-------------------------------------..--------.----------.-------------------.---..---...-----------------
___.._ n..__..._ _ _________.___.....___. _ __' __ _.._____ -.. _..u___.__.__ -___. .n._____. _ _. lhe PI.intill in lh,
above Judgment, and in due Conn of law acknowlt'dged the \\'jthin and Corcgoin!{ Power of Attorney to satisCy the Judg.
Jl1cnt See fonh. to be
nct and deed. ilnd dl:3ir.:d U1Jt th.:: S.l:.le shJII be riled of record in the oHice of the Prothon-
oUry of the Court of Common Picas or said County.
In testimony \\'her,ol, 1 h.ve hereunto set ",}' hand .nd .eal ~\i. ..-?.~______h_____.______..u__.__..___.
day 01 --.....---.~f.~..-.----NOTARiALSEAL." ~(>~JIj;u.~.1l I. /..~f'lk€f
ANITA l. lENKER, Notaly Publ . itA.______.___ ~------.------- (Seal\
lemO\'ll8 BOlO., Cumberland C r;uJ-h Co~ J..v &,r.r"(IA.
MyCol1ll]1lsslonExplres FCb,6,'2OOJ' ------ lL .___!_"______IJ.>.I_t VLJ..