HomeMy WebLinkAbout95-02080
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P. l,J, DOX 11011
HA.RRISBURG, rA 171QO
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PNC Bank, N,A.
Plaintiff
IN TilE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
v,
NO. ( j , - ), n '
',).. (UI)U
(, : ",.\'
DENNIS THEODORATOS AND
DEMETRIOUS MOUTSATSOS t/a
THEODORATOS/MOUTSATSOS
PARTNERSHIP,
Defendant
IN CONFESSION OF JUDGMENT
COMPLAINT
1. plaintiff is PNC, Bank, N.A. successor by merger with
CCNB Bank, N.A. (the "Bank"), a pennsylvania banking corporation
with its principle office at 4242 Carlisle Pike, camp Hill,
pennsylvania.
2. Defendant, Dennis Theodoratos and Demetrious Moutsatsos
(the IIpartners") t/a Theodoratos/Moutsatsos Partnership (the
"Partnership") is a Pennsylvania partnership with an address of
2210 Gettysburg Road, Camp Hill, Pennsylvania 17011.
COUNT I
3, On or about May 8, 1986, the partners, individually and
trading as the Partnership, jointly and severally, executed and
delivered to the Bank a mortgage note (hereinafter the "Note"),
in the principal amount of One Million Two Hundred Thousand
Dollars ($1,200,000,00), in consideration of a loan in that
amount made by the Bank to the Partners and the Partnership, A
true and correct copy of the Note is attached hereto, made a part
hereof, and marked as Exhibit "A".
4. The Note is secured by a mortgage dated May 8, 1986
(the "Mortgage"), encumbering certain real property located in
the Township of Lower Allen, Cumberland County, Pennsylvania,
more particularly described in the Mortgage, which Mortgage was
.
duly filed in the Office of the Recorder of Deeds for Cumberland
county in Book 813, Page 234 on May 9, 1986. A true and correct
copy of the Mortgage is attached hereto, made a part hereof, and
marked as Exhibit "B".
5. The Note provides: "The Loan is payable in full at the
end of five (5) years, At maturity you must repay the entire
principal balance of the loan and unpaid interest then due."
6, Pursuant to certain extension agreements
("Agreements"), the term of the Note was was extended to
september 8, 1994 (the "Maturity Date").
7. The Note authorizes the Bank to confess judgment
against the Partners and the Partnership "for the above principal
sum, together with costs of suit and attorney's commission of
five percent for collection of the Note.,,"
8, The total amount due the Bank by the Partners and the
Partnership under the Note as of April 15, 1995, is computed as
follows:
Principal
Interest
Attorney's Fees
$1,070,295.54
11,505.68
(5%) 54.090.00
TOTAL
$1,081,855.31
Plus interest from April 16, 1995, at the rate of
$319.60 per day,
9. Partners and the partnership have caused an event of
default to occur under the Note by failing to satisfy the Note as
of the Maturity Date.
10, The Note was executed and delivered to the Bank by the
Partners and the partnership in connection with a commercial
transaction and not in regard to 11 consumer transaction.
11, No judgment has been entered under the Note in any
jurisdiction by the Bank,
12. The Bank has demanded payment of the sums due under the
Note but the Partners and the partnership have failed and refused
to pay the same,
WHEREFORE, the Bank demands judgment against Dennis
Theodoratos and Demetrious Moutsatsos t/a Theodoratos/Moutsatsos
Partnership, in the sum of One Million Eighty-one Thousand Eight
Hundred Fifty Five Dollars and 31/100 ($1,081,855.31) plus
interest, from April 16, 1995, at a rate of $319,60 per day,
together with all costs and expenses as permitted by law.
COUNT II
13. Paragraphs 1 through 2 above are incorporated herein,
and by reference made part hereof,
14. On or about September 5, 1989, the Partners,
individually, and trading and doing business as the Partnership,
jointly and severally, executed and delivered to the Bank a
mortgage note (hereinafter the "$175,00,00 NoteH), in the
principal amount of One Hundred and Seventy-Five Thousand Dollars
($175,000.00) consideration of a loan (the "Loan") in that amount
made by the Bank to the Partners and the Partnership. A true and
correct copy of the Note is attached hereto, made a part hereof,
and marked as Exhibit He".
15. The $175,000.00 Note is secured by a mortgage dated
December 7, 1987 (the "$175,000.00 Mortgage") encumbering certain
real property located in Lower Allen Township, cumberland County,
pennsylvania, more particularly described in the $175,000,00
Mortgage, which the $175,ODO,OO Mortgage was duly filed in the
Office of the Recorder of Deeds for York County in Book 950, Page
839 on December 18, 1987. A true and correct copy of the
$175,000,00 Mortgage is attached hereto, made a part hereof, and
marked as Exhibit HD",
16. The committment letter (the "Committment Letter"),
dated August 9, 1989, for the Loan provided, inter alia, in part
that the Note was due and payable in five (5) years from the date
of the execution of the $175,000.00 Note, or September 5, 1989.
A true and correct copy of the Committment Letter is attached
hereto and marked as Exhibit "E".
17. The $175,000,00 Note matured on september 5, 1994.
18. The Partners and the Partnership have caused an event
of default to occur under the $175,000.00 Note by failing to make
payment under the $175,000,00 Note on the maturity of the
$175,000.00 Note.
19, The $175,000,00 Note authorizes the Bank to confess
judgment against the Partners and the partnership "for the above
principal sum, together with costs of suit and attorney's
commission of five percent for collection of the Note,.,"
20. The total amount due the Bank by the Partners and the
Partnership under the $175,000.00 Note is computed as follows:
Principal
Interest
Attorney's
$131,609,43
1,487,92
Fees (5%) 6.655.00
TOTAL
$139,752.35
Plus interest from April 6, 1995, at the rate of $40.21
per day.
t).,ortgage NoD.
US 1..L200.000.oo
M01
"
,19 M..._
fOR VALUE IUlCEIVl!D,llll\loclonlped(h...lnallercallod tlIo"Bonow...') pnll1Ibeolo P'Y CCNU....
N.~~u.llonal bIIlllq b..lIlI.. UIOCI.lloa cn.led by ud UIIlItJ~~:t' tlIo I... allbo Unlled SIIIIt bavln.
It. _IPAI pa- 01 biI.l.... .1 331 IrIdp SIm~ N.. ClIllIbo C"'borlud C_ty, '.MI,IYlIII..
(bonlalll.. callod 1M "I....") or 10 III orIII,. .... priaclp" .... 01 ONI KILLION TWO HUlIOUlJ THOUSAIlD
AND NO/I00--------------------------------------------(II,200,OOO.OO ) tH)~RS
........, .JIll laltmlOO .... IIIII'Iid prlaclp" b...... II .... .... 01 10 3/41 PORt" Po' 1M.... .Iid priao
clPal ud IaunlllO be plid .1 .... _ ud Ia .... ....... HI rortla U rollovi.. to .Ie
Papabla II'. (5) p.... '.11. tha data ha.aol, t...th.. vllh IlIt....t 011 tha
ullpald balaoe. .t tho ..t. 01 10 3/41 p..c.nt, plr IIIIIU., 1.ld prlnclp.l .nd
Int....t to ba paid III aonthlp In.t.ll..nt. 01 11.'.D Thouaand rl,. Huodr.d
rOrtp-fly. IIId 20/100 ("1,545,20) Doll.... eO_Dcl., lID tho -lll::.. d.p 01
".111 . 1916, lAd cOlltlDuln. th....ft.r 011 th. Ilrit Clip 01 a.ch
anlltn UDtll thl priDclpal IIld IlIt....t .ra lullp paid. '
It I. und...tood IIId al...d hp tho p..tta. thot pro,I.loo lor tho p.paont
01 prtDclpal ...s IlIt....t .holl Dot alt.. or chi.,. thl un ODd ..turltp 01 .
thl. obltl.tlllll.
'TIII WAIl IS P.l.tAILI IN PULL Iil till DID or PlVI (5) IWI. Iil KAYUllTY
IOU KIln U1'.I.t 1111 IIITIU PUIICIPAL IALANCI or till WAIl AIlD UllPAlII IIIYIIIBI
IIIIlI DIll. 1111 IAIIl 111 UNIlU 110 OIL1CIilION TO UPlIWICI till WAIl Iil t1IA'1 TUII,
IOU VILL, 11IIU7OU, U UQVIUD TO ItAII PAYIlIIIY OUI 0. ll11IU AlII1YS THAT YOU
IIAI 0lI1l c-. YOU WILL BAYi TO .1lID A LIIIOII, IIBICH ""I U till IAn YW BAV! 1111S
LOAH WITH, IIILLIIlC TO LIllO IOU till 1IIllIY, IP YOU UnlAIICl 11118 WAll Iil
IIAnruTY, YOU KAY BAVI TO PAY 8011I oa ALL or 1111 CL08I1IlI COSTI IIlIllALLI
AlISOCIArm VITI A ImI WAIl IVIIl U YOU OITAI. UnlAIICl1IC PlOIl till IWII 1A/lK.
lor~OWIr. to pe, rill ..Clt. t.... aad pr...nt rlc.iptl to bank for
v.rlfle.cloD prior to Dec..blr l.t of each y..r,-
II.... olIIcoollllol....(or................ .dalpalod Ia -.br.... haklor borooI) ud 1bIll.....,.... dIM to
tllIII, IIDliJlIIoIcIIlIl.sillonltbaftdIJ PAIoI.ItMW Oad Ucp a1Ivo. lip po,....... .....1Ip promlUlDlIlld eh..... on
_ DOIiCY or patidoa "'In,....... oiPbloa ~ W.,daiaiai --. or... Ill' IDlI all....., inlUIlllC',
wIIIdi tllt'lIaaI<, lie _ at ..-- OIl' ....... ror ftInbII' -np 0111IoI dabi __ .... buUdlop ....
......._ -....s Ia... ~ _....y\aa IDlIIOCIIdaa tWo __ obIIpIloo, or ~ wbloh m., be
--.-..s5alol poIIclticil'.........oI.u.-'.kialftobo~1od wllbllllllaal, III'uc""", or
uaJaaI, ud IIIMItrnd ......., n ud _Ill UII wiIIl__lloI........ el.....
IlIodIod, _11I7 _ 0I11id== I\lrDlillod to 1IIoIr'..t:' 1out_l7lda,.::!.:: tllt u,.,.don or
.Iid polkitI; ID .... ...11I 01_ ......... lito prllClIIlIa 0I111d _ IboII ... poid to Boat aIoai, Bank II
1IIlIIDrtz1ll..,""""IIld-"'_...wiIIlilul....__~..Io........_lv.ud....Ip\r",.uch
__III lito __ oIluik IDlI ~.1IIlI1D _1IonawII'. _ _ IIlp cbIct III poymnl tllt,oor,
SIIc:II prootoda IboII bo flIIllW .....ardl'l~oIa11 cotll anll.._ "'Ioat lao:oUocdila.lidpn>cltcll,
ud _lI'Illlto POJ1!llIll '" aU...... ""'.e..'1.Ilonvwo' 10 B.... bo""'.... ud toward.... pl)'Jlltn. or tho
IocIoblldatu ......" bon~ or 11I7 pcrUoD ._ Of 1lOl..... duo or po,abII, or BIIIk II lit option. m.y
II'PIP aIid Iaaur.- II or 11I7 JlII! _10 lbI npalrOfnbulldlaaol.Iid,...Jan.1a lito ..... oI,al. ollh.
prIDll..... r"'.......~__~aIIp>1jc1.. allDi1lroacl.ha1I.....1O tllt ~"1IIoI1Ilt IllCl Bonow..
IltI'Ibp ~ I.... IIIOnlIJ'li>r.... III _.f. 1111III 10 wi,. ud lnDtI.. aU .ucII poUel.. to lueh
..........', 11lo ~1hoII1Ioo pl,.lI'omllmo IIIWno, unW ..lddobtalill....... bol\lUy pIid, alltu.., ..ttrlllCl
......rtIIIt IDlI aU dwllllIIlIc........-.._lIl117tlmo, _I Of IIIll111, br up l.wiIlI.ulbority upon
tllt IIlIlIIIIIId prtmlIa; .hlcII br lOp"'" or Iuluto.... or ,.....haII hi.. priority 10 U.. or pa_to lho dlbt
_"iadbr thll oblJplloa, IDlIIICIlrocI br tal<I Mcttp...bon ud 81 tllt .1IlII.ball_. duo and p.,.bl.,
udlboll tlIoublbllto iIld B....III.UCCOIIOrt or u.I........lpta roraU...... w....IlId...... ...1I....II.d upon
ordwptblo 10 tllt ~ _,lIlIII oIIka alllld Buk, or IIlucbolhot place u..., bo cIalplltd by ..Id
B....III wri..... wlthla .....ty(ZOrdlyi aftar _...n or.IlI,orllWlrrlDll h."lut_p.,ablo II rICO wlthOU'
.... \mpoIitloli 0I1altm1 or ptnaltitl, II w.U II ....1pIa ror aU 0....' 'UII or eharp. or dWila '" ....y klnd ..d
nnlUl'I.hlcII br uy pntllllorluturo Ia. orla......, be or bocomo. u.a.poa....1IlIlIIIIIId _ny, priOr In IIln to
,alol Me>npp, ...hlcII...,be or _ ~1IIl' _Of lII\1ItIla... I.... t\nlcllliii6ullblo.. aUowlbl. or p.y.
.bIo bel'ori IIld dobt, OU\ altllt proc_;;; III' 1aI.... rortolloclloo"'tal<I dobl, orlOdlllribullbl. or a1io".blo
..pa,.bl..... oItllt..- "'..,....., al.aII, .1"""1'" rnu.s or Mill. dola,.lbr.llJlla obIlptlon tobo
YOid; othawloo to .......10 Ml ro... ud' ,II be... uadm_ ud.1I'Iod. ........,lbIl upoa tllt railun "'....
80""..., _.... bolll or ........lD maInlaIa .aIollalur.... Upoll lIio bulIdlaa. or to pa, .hI ...... ""er lad
.....nn... orotborcharp',cia!mjor U... U atort.alol,.... Buk, 1..11IC....... or ........IIlI, I..un tllt bulIdIoP.
.. poy .uch ....., ..tar 11IO ..... ""II or olbor chllJft. elllml or 11tna,1Dd.... .uma 10 ocly...1d by tlIo B....III
.uee...... IllCl u.I....1hall bo ,.= Ibo Bonowi'. _.... 1It1.. and UII....to tllt 8....III.uccc..... and
wllDl,lJld ,haJJ hi oddod to and . pan allb. priaclpol debt h...b, Hcurod lllCl,haII but 101..... tbtnen.t
.... r.1I11l ronh .ha.. until p.1d.
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DEHMIS TH~ODOaATOS .n4 DtHETRIOS G. KOUTSATSOS, co-p.rtn.r., t/. THEODOaATOS In4
KOUTSATSOS.
(M_".- 1M _, pon,.1 11M 1InI.....
AND
CCNIIAIlX. HA,,' noUonll bWln, _IIUon ,.....d by II1d uloUna unclt.lhllaw. 0/ th. UnllId Slit... h"lna
lu prln'lpli pll... or ....._ lnlhl 8.'ouP .r H.. CUmbtrlond, C...nry .r Cumbtrlll1d II1d Common..llm .r
P'MlJlnat..tbmluAlf caUtd thI Mortppt,. pIftJ Qf lbt ,ecood put.
WKI.."......... .._, u_'" __ II 1M .._. Hall" 1M............ '" aNI HILL ION
rwo HUNDRED THOUSAh~ AND NO/IOo--------------------------- (1I,200.000.QODOLLAla.
_Ill I...,... .. ... ,... ... ~ II NW N... ,.,NII II iii. d... ... Ie .. ...... HI ,.. .. lite .... N....
II ...oIIlcool......_(..__ .....udttipllldIlWTtllqbr..._1ltrto/), udolto"" .....,---
..__.aW _... _.. r.u,...... 01... _ory ___lid............. policy.. pollciII 0111Io, .....
'I~ ~ ............-...~.., 1M aU cOIr ...\ltUCII................ kI..... ......~
....... rr. .-.11I_......,... Nan. CMUItIIIud .....' r-rr...... r.&nMr MCWitJ 01.........,
_.....-.IId~..'__.._.........Ia,....,.WdI_....-.. -............-_
pollciIIoI__oI.-klol....-.._..._IIo_......IldIr-br-,
It.................. --'1 ~I wI.........torJ..,..... clUaH-.............,...... ofdll...Io...,.,.....
10,.. == II .......,..(l).,......... 'lpQdoII rllilt.....l8... .......01........... UN .....01......
_.... ......""-__10_.._.. ....d ......_..._".--,......
... _..... _ "" _"-'110 1M _ ~....._.udlo_ _~-
_....-11.._-, _..-_.. _lid _. of 011_'" _ of
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__I .. .... dill ,"'-. _:; I..W"'"" .....- ..... llII' .., pardDli lMNoI. n.w ir .. .. ... or ,.,.
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II 1loa._"....."'1loa ....-..,__..._~. "oII~o/ _IMI/'_Io
... __ .. .... .... ud Ilooqaeat ....., _ IIatte.- III ~.... II ..___ _ .. ......
... _ 1M _ ......._....-, .u. _ I.. ...'.._ 1_ IIM"_ _laW.............
.. lull, ~ '" 1M ... .... ud __ ... ... .. _ .""'" lid ..- - .. ...... It II' .... ..-
..,......., "' 11_ _. _ ... ..-. Mnbr............... taW _._ by Ia,,,-,, ""
1...1I................"tori" 110 Ilto.. .._.. iIlidtll'-r . "....~..._by....lI....
..... _.. ... .. ... .. .... ..... .... ... ..,..... .. ... 101' 1M ....Wd. III .. MonIIIIIe. ISI ...... 01
_ 01....,.. "" II... _... __ _ _ _..-..wo..... - _, It tOo__
01 ioW /olatlNIt... .. _ _ _ u .., .. ~ by 1M _ II __ _ _~IO) do"
"'" .... &laM .. .... .. _ __ ..... .. ..,.... II ,." ..... 1M ....... 01 .... or . ....
u ~ for'" adlIr 1&1II Of ...... . cWalI 01 ..., UId or .... "*' ., .., ...... OI"" . Of laWl ..,
.... _.Uto _... _ -. """ 10 I" to taW -..-..,.... -1.~'-'-
.. ... tuI:un .... or ..... ... ~ . .uowIIIII or ..,aw. ...,.. ... ..... eM 01 1M ....... 01 .., ....
,.._"'...._...__..01_...._... 01'" _0/ la' _ _lilt,...
II _ 01 ...... 01 .._ . _ .... ,.. 1M .._ 01 011 ClIlIl,lt!!. ... ._ '" coI\OCdII,... -,
...... .. anome,.. ,. of.......... u.) and ~ ,..- lMI ... taU.. oIiM .......,
Mot\aIrIDr'...... Of __......................... till........ ex to.., 1M lUll. ._ MIl......" rIIII or otW
~ ............ _ obi _....110_................. IMIoolIoIIaao. ....'_lU..._
_...__..__,....._.......-.........,....._110_............
.. ..,_~ 1M __, ...........1otIn ............... """'-1Io_1Id................ _"lid
_..... 01...................... Mnbr'" _ bllt __..... 'Ill ..._11.... _ _,lid.
no ~_ud_1TltI.........'_oIpriocIpolud_...III..'Io....._........
ponIaI oIdlt w.. U1 ..........."..... M".--'''' u..tiauI.M "r'" WClC\&IIII. to Wi. u.. NOItIIIM
.w ....._ _.. _10'" WI~ ..---, ud -.-........ """(101 ola,. __....... dIlIlht_
Aor _11IIII-...., ........_ by N_, .._".. ...._... ...._.............1.............
by I..,.... __ ..,.......br 11""-.._01'" _ledt_ "_"11M m....IWU"oIlht
WortalP' to ........ WortpfM .UII WII ia nJIldnt u. to pi, lUll btfoft UNI peuItJ MlICIlII.
1'bI MOf1&tP ... 11'"I u.aa la UN mil' of lhI ,...... Ifalr U. date 01 "" Morta:. olllli' I.. of UM Com.
..,OI.....tIl oI-....,.'ul.. iINudiaI from lhI \-alue of Utt land ror tal... plUlOIIIo u, b.. ...... or fbaQ.. ..
1M, W., lM laws DO. Ie forcll for .... t.u.aUoe of mortp'fI 0' dIM IIQII'Id tbmlrJ. for alall or local JIa~ Of lbt
m...- 01111I coUKdoI of 1M' wc.. ~ 10 . 10 "tel ,be inm... of lbI Nortp... '* .. .... 01 Mid priaciMl
deW lICurtd bo, ~, Mort.... ... wtdl lbIlIl&lral duI u..rtOD, t.bU al IbI ofdOl 01 aM Mottpfte 1M,.. flft<
mtIl!lI&II, tmaInt dill u4 ..,...
tilt WortaaIcw......,.,.,..... tbI& U' 10' W1a1bncat oIlnt.,." bt lOt paW......... '\K"l8IIallIMM ,baU NIlIIItmI
II LM ntt '" (OM Ie laW oou uUl paW; '-Ibt ..... ~ lID' p.,meDl PfOVIdN rotla U. Noq ,KVtd tatnbr atulI becocat 0""
N for. pIriod i8 llceII oInn.. (U) da,t, MoftptOf"",'lop,,'''llltdlll'll"oIlI"cnuU')buc''doUutoonrdu..
(or 1h.1NfPDII ol.ft'.)iAI........lM....10 ls_dUq 1M dtlloquaClt pa)'lDlI" AecI f\udMi'. MMpIOr."... 001 to COllI'I, Of
...,.... trMI(., lilM io 11M mortppd pmnlM. (t.tthtr 1.aa1 01 equitable) .tlhout prior.rtu.n COIlHId br the Monpp.10 lbt
'ptClIk tnMf'er. A trlAlftr to lbt ,,"Inlf' or dt,lten or btln oflht Mortpp il 1M ...... of.. WonallO"l dtati.UU IKllI CWM
._... pnlblbllioa cfllrll_
NOWnullllD~I(lUU WlTNl!SSEnt Tbtltbt.aId tol_, u..D """'10 ...._01... _aid doll....
lbrtht benIr ItCWiDI &III plJ1DIIlI oflbt ,............ II afOIUaId IUUO tilt aUt Mort..... Ita NCCIIIOrI or _leu.. lM PI'.
.... d aU p,.h_ diuutucll. tu... w....rtll&l and....1t ftIlU, mllllkipll.......... Of ch&rJ... IlIIoraUd. ~ to Ibt
caMiIdoM ~ uicl ~ ud In ditchqI....... u" aacI.. COI.IIdtraUoa 0I1bt I\ulhIr lUll 01 0.. (11.00) Dol'" ualO
Mort&tIor it Ilud ..n ud~ I paid by _ ,aid MClI'IIIII' .. MIS btfort 1M lta110l .. dlU,If)' fA thI.. pmt..... Iht tIC.l"
...,.t.lI.....b' ICUowled Mortaqot tw IfIALIdo baraa\tltd.lOldand COIIYI,1d. Iod bJ IhI.. p,."OIl dott...." bIll&in.
Mil ud ~..., unto .. , Monppe, III ,uccnNlf1 aacf ..'Ipit: .
ALL THOSE CERTAIN two tractl of llnd 11tuate ln the Tovnlhlp of Lower Allen,
County of Cumberland .nd Commonw.alth of Pennsylvanla, al mora particularly
ducribed in Exhibit "A" aU ached hereto and mad, a part henof by rehnnn.
iOi !l13 Ile, ~,:n
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,aovllllD. HowavuA 10 - 01 doIllIlI II oar 11IoI, 10.._ JI'III.. ,~r.:""" _.. 01.....
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IN lal_.... ....... .... __ _ ..... ... .."lit .... .. _ 01 _ r..-.o ..., .. _
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0I........~ -oM/.._ __............. _...... _....01'-_ .......
WI&Ir'" _,.......... COllI........... of.Ia,..o.... ".. ....... ...........,......' -'u 01 "" ~
c.... (J.). AU......... ..~.. IolK!wr willi IUI, 01. IN' ..... ,.... euc\ltJall. Of .......... 01 u.. of
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On, Hundred and Seventy Five Thousand and no/l00 ($175,000.00/ Dollars.
S 1 75 000. 00 CIIldI.. 107 .....,_,"r--. or .111I..... .....allIld lilY -, - or'" ...._....IIic....., ho
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lis rc:h 1 .1~8S ,""'7.......lIn1llo 011'.. ror1llo ~.a100tds inIlidC_,y in Dtad.... No, D- 31 ..... 216
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TO HAVI ANotO HOLD tI.. '........Ilenby .....od "",,,,,,,.,ocI \IIl1. MOIl"""10 .... fOf 'h. ull.......iloaI of MOIl"'''. iu....ca..... lAd
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I. All p.,menu on 'he Not. win b. m,d. when dUI. Inclulilnl p'~"'tnll due b, &euler'Hun (I( rnlnUlI)', an4 ,II other conchtlo,u. CQIt"tftlnu and
obhaldons II ,"wlfrd or provided hlr'ln. In IN Not... 0' In 'n~ ,,,h., ubli,IUUI\ -.)t' Monll,\)r 10 MC"r\&lfI" Will be perfMrt:fd. lad
b, 101......01 CO"o"u ..d WIIT,OII lbll "'OIl"'" tw I.. "m~l. 11,1. 10 lhe Pr.."''' and the nllll'. IIIOII&I'C tile Prrmlk.; .nd
c. Non..... Will PlY _hen dill all taus a.nd UHnmtnU and other lO'tlrNl'lCnlll chlran. '",hadl"' "tCUK"'. .",t and U_Cf nnll '....Ied or
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acclnd ~y u7 p'1or U.n 011 till Pre..illl: ....
d. "''''''1''' will kn, th. p....istl.n..red aplolI O....d....h Ol~er II...,dlln Iuch UIIOll.I.' amDunll1l ",17 btrcquirod by 11II"""II,".nd
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F~CNB BIN< , N.R, TO
, DESCAlmON Of PREMr-ES
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ALL THAT CIITAIN
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l'I<R-07-1~ 10152 FRlJ"~CNIl 1lAH<, N.A,
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ALL THAT FOLLOWING two (2) tracts of land situate in the Township
of Lower Allen, County of Cumberland, and state of Pennsylvania,
bounded and described as follows, to wit:
TRACT 1. BEGINNING at a point on the North side of united states
Route 15, more cOlllllonly known as "Old Gettysburg Pilee"; thence
along said Route 15, South 48 degrees 38 minutes West, two
hundred thirty-tour and fiftY-five hundredths (234.55) feet to a
point on sa1d Route 15; thence going North 17 degrees 50 minutes
west, nineteen and eighty-two hundredths (19.82) feet to a point;
thence south 48 degrees 16 minutes West tifty-four and seventy-
tour (54,74) feet to a point; thence continuing south 47 degrees
55 minutes West, one hundred fortY-five and twenty-six hundredths
(145,26) feet to appoint on the corner of other lands of Morris
Xranzel; thence along the line of lands of said Horris Kranzel,
North 18 degrees 43 minutes West, one hundred fifty (150) feet to
a point at a corner of said land of Horris Kranzel: thence along
line of said lands, South 47 degrees 55 minutes west, one hundred
thirty and fifty-three hundredths (130,53) feet, to a point at
the corner of said land and other lands currently of Morris
Xran..l, which it is contemplated will be sold to John M. Sacco
and Michell. L, Sacco; thence North 41 degrees 3D minutes West
one hundred thirty-one and ninety-three hundredths (131.93) feet
to a concrete aonuaent on line of lands now or formerly of H. F,
Rockey I thence along line of said lands of .aid H. F, Rock.y,
North 51 degree. 19 ainute. East, three hundred eighty and
eighty-three hundred~hs (380,83) feet to an iron pinl thence
long line of .aid lands of said M. F, Rockey and continuing
along lands now or formerly of Spera Industrial Company, North 16
degr.e. 28 minute. West three hundred ninety-six and forey-two
hundredths (396.42) feet to an iron pin at the corner of said
land. of Spera Industrial Company and lands now or formerly of
the Pennsylvania Railroad Company: thence along line of lands ot
said Pennsylvania Railroad company North 74 degrees 18 minutes
East, one hundred thirty-three and twelve hundredths (133,12)
feet to an iron pin at the corner of said lands of said
penn.Ylvania Railroad Company and lands now or formerly of E. L.
Bucher; thence South 23 degrees 55 minutes East, thr.e hundred
seventy-three and eighty-three hundredths (373.83) teet to an
iron pin at the corner of lands of E. L. Bucher and Harold '
Sheriff I thence along line of said lands ot said Harold Sheriff:
South 30 degrees 31 minutes East, one hundred twenty-four and
eighty hundredths (124.00) feet to a point on said lin.; thence
continuing along said line south 21 degrees 2~ minute. East,
ninety-nine and nine~y-three hundredths (99,93) feet to a point
on United States Route 15, aforesaid, the place of BEG~NNING.
The above described premises are subject to a right of ingr...
and egress to other lands of Horris ~ranzel and Lillian Kranzel,
his wite, which have been sold to John M, Sacco and Michelle L,
roo;, :150 rm ~38
1'flR-07-1~ 10::>J FrCNB 1lfN(, N.A.
TO
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Sacoo, such lands being located to the west of the real estate
which is de.cribed in this Deed. The right of ingress and egre.s
shall be for the benetit of said other land. and shall extend to
the Buyer of said other land., his administrators, heirs,
.ucce..ors, and assign., lessees ot the pre.ise. and other u.ers
of the preaise., including Buyer of said other land's invitees of
the premises, and shall include rights to u.. the pr.sent
roadways and driveways that provide ingre.s and egres. to that
area known as the Lower Allen Shopping Center for the purpose of
ingre.. and egress to .aid other land., all of which shall be for
the benefit of an appurtenant to such other Jands and shall run
with .uch other lands, This right of ingress and egre.s shall
continue so long at it is a convenience to the customers and
other proper users of the said other landa.
TRACT 2. BEGINNING at a point on the northwe.terly line of State
Highway Legislative Route 123 (Old Gettysburg pike) which point
is two hundred eight and thirty-two hundredth. (208.32) teet East
of the Northea.terly corner of Spera Drive and Old Gettysburg
Pike and at 11ne other lands now or lat. of Spera Industrial Co.,
th.nce along sa.e North 18 deyree. 43 minutes West on. hundred
fifty (150) te.t to an iron p n at line of land now or late of
Korris Rranael et ux; thene. along same North 47 degrees 55
minute. Eaat one Hundred fifty (150) feet to an iron pin at other
land. now or late of Horria Hranzel et ux; thence along aa..
South 18 degree. 43 minute. EaGt one hundred fifty (150) teet to
a point on the northerly line ot Gettysburg Pike atoresaid:
thenCe along aame South 47 degrees 55 minutea West one hundred
fifty (150) teet to a point, the place of BEGINNING.
The above described preaise. is subject to a right-of-way to
W.atern Union Company recorded in HIscellaneoua Book 61, at Page
595.
TOGETHER with all and sinqular ways, waters, water-courses,
right., libertiee, privilege., hereditamenta and appurtenance.,
whatsoever thereunto belonging, Dr in anywise appertaining, and
the reversion., and remainder., rents, issues and protits
thereof; and all the estate, right, title, interest, property,
claim and de..nd whatsoever, of parties of the first part, their
successors and as.igns in law, equity, or otherwise howsoever,
ot, in and to the sa.e and every part thereot,
BEING the same premises which Korris Kranzel and Li1li",n ltranzel,
his Wife, by their Deed dated March 1, 1985, and recorded in the
Recorder's otfice in and for Cumberland County in Deed Book "0",
Volume 31, Page 216, granted and conveyed unto Kortgagors herein.
iiiii 950 PAG[ &38