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HomeMy WebLinkAbout95-02081 lv' ~ ~ ~ i-r. i ~ , ~ 'it ,\ lUn> 1L ,q ~ CD"' - ~ (~ ::r- 0 0 ~ r<') """1" I) U' C'- lj .-., 1I1. oJ , .-.' ~ - 0,), C) In -j- It) (Y S' I"' \A o;r "fJ +\ <...... j rL .,. cJ ,.. """ .' McNr.ES, W^LL^Ct: II. NllllICI( lOll I'ltH" '\1n'" 1 " ,) 110. 'III" . It"nflhlIIJllt], 1'1\ IIIll'l . '- PNC BANK, N,A. Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. (I'i - ,')06 I (, "-- _u_I';' I,""\.J'\ v. DENNIS THEODORATOS AND ZOE THEODORATOS, Defendants 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 principal office at 4242 Carlisle pike, camp Hill, Pennsylvania. 2. Defendants, Dennis Theodoratos ("Dennis") and Zoe Theodoratos ("Zoe"), are adult individuals with a mailing address of 101 Rich Valley Road, Mechanicsburg, Pennsylvania 17055 J, On or about May 8, 1986, Dennis along with Demetrios Moutsatsos ("Moutsatsos") individually and trading as The Theodoratos/Moutsatsos Partnership (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 Dennis, Moutsatsos 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 extended to September 8, 1994 (the "Maturity Date"), 7, As of April 15, 1995, the total amount due the Bank by Dennis, Moutsatsos and the Partnership under the Note is $135,801.22, which consists of $1,070,295,54 in principal and $11,505,68 in accrued interest, plus interest from April 16, 1995, at the rate of $319.60 per day, 9, Dennis, Moutsatsos 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. On or about September 5, 1989, Dennis and Moutsatsos individually and trading and doing business as the partnership, jointly and severally, executed and delivered to the Bank a mortgage note (hereinafter the "$175,000.00 Note"), in the principal amount of One Hundred seventy-Five Thousand Dollars ($175,000.00), in consideration of a loan (the "LoanH) in that amount made by the Bank to the Dennis, Moutsatsos and the partnership, A true and correct copy of the Note is attached hereto, made a part hereof, and marked as Exhibit "C"o .~.._- - 11. 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 $175,000,00 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 "0". 12. The commitment letter (the "Commitment Letter"), dated August 9, 1989, for the Loan provided, inter alia, 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 Commitment Letter is attached hereto, madl';l a part hereof and marked as Exhibit "E". 13, Dennis, Moutsatsos 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 upon maturity, 14. As of April 15, 1995, the total amount due the Bank by the Dennis, Moutsatsos and the Partnership under the $175,000.00 Note is $139,107,35, which consists of $131,609,43 in principal and $1,487.92 in accrued interest, plus interest from April 16, 1995, at the rate of $40.21 per day. 15. On or about May 8, 1986, Zoe along with Dennis, Moutsatsos and Goldie Moutsatsos (hereinafter collectively referred to as the "Guarantors") executed and delivered a certain guaranty ("Guaranty") whereby the Guarantors guaranteed the payment of the Partnerships obligations up to and including One Million Two Hundred Thousand Dollars ($1,200,000,00), A true and correct copy of the Guaranty is attached hereto, made a part hereof, as Exhibit "F". 16. The Guaranty authorizes the Bank to confess judgment against the Guarantors "for the amount of for which the undersigned may be or become liable to Bank under this Guaranty,.., plus fifteen percent thereof, but not less $500,00, as an attorney's commission, with costs of suit..." 17. As of April 15, 1995, the total amount due the Bank by the Guarantors under the Guaranty is One Million Two Hundred Thousand Dollars ($1,200,000.00), plus reasonable attorney's fees, costs and expenses, 18, Zoe and Dennis are in default under the Guaranty for having failed to pay the obligations of the Partnership. 19, By correspondence dated March 10, 1995, Zoe and Dennis were notified of their default under the Guaranty and have failed and refused to pay the same. 20. The Note, the $175,000,00 Note and the Guaranty were executed and delivered to the Bank by the Guarantors and the Partnership in connection with a business or commercial transaction, not in regard to a consumer transaction. 21, Dennis and Zoe are not in the armed forces of the United states of America or its allies and are not subject to the protection of the Soldiers' civil Relief Act of 1940, as amended, 22. JUdgment has not been entered on the Guaranty against Dennis and Zoe in any jurisdiction. t)"ortgage NoD. USI 1.200.000,00 Mot ~ ,19.!L- fOil V ALUI! IU!CBIVED,IlIo IIIIdonlpod (henlAllltr called IlIo ..Bomnr....) _Iao.to p., CCNB B.... N,A._\~_.stlonaI bukIaa bUlIatu .....1..1oa created by aad '11Itlaa IIIIdor IIlo 11.. dlllo UolItd S..... b..lo. III ......1o?i pIKa d ...tlaou .1 m Bridao SIrM~ 1'1.. CUlIboi\ud, C....botlaad C...ty. ._,Ivaol.. (bonlaall. ...Iod IIlo "Bull') or to III _'. IIlo priaclp" '" ct ONI HILL ION T1IO HUllllUD THOUSAIfll AIfll NO/I00---------------------------tll,200,OOO.OO ) DOLLARS lOItlbo, .llb I...... "" IIlo uapaId priDclpal baI.... 0I1Ilo mil d 10 3 141 PO"'" por "'lIDI, lold prioo clpalllld lata.... to ba pold .. IIlo _ aad Ia IIlo m..... ... ronll u raUow.. 10 .Ie ..y.bl. flv. (,) y..r. fro. tho data har.of, t...eh.r with I.t.r..e o. eho ..pald bol..c. .e eho r.e. of 10 3/41 p.r...t, par ....., 1.ld prl.clp.l .nd I.t.r..e Co bo paid III aoaeh1y l..ealloo.e. of 11.... Tho....d .1.. Huadr.d 'orer-flv. and 20/100 ('11,'4'.20) Doll.r., .......1.. GO eho ~ d.y .f 'u ,oJ , 1116, ..d ...U..I.. eh....fur 011 tho flrlied.y .f ...h ...e" UDell tho prl.c1pal ODd III...... .r. fuU, paid, ' Ie I. und.r.e.od ..d IIr..d by tho plrel.. ehae pr..I.lolI for tho p.,...t of prloc1p'l .... lo..r..e .b.n 1I0e alur .r cba... tho ta.. and ..turle, of . Chi. obll..eloll. "181 LOAII IS PATAILI II PULL A't 1III11l1l O. nVl (') tWS. A't IIATUllTT tou HUn WA't 111 IITIII .IIIICIPAL IALAIICI O. 'lU LOAII AII1I UIll.llD IHtIUST Tm lIUI. 111 IAn II UllDII NO OILIGAtIOIl 1'0 II'IWCI till LOAIl III nur TIIII. tOU VILL, 'lUIUPOU, II UQUIUD 1'0 HAIl '.u!lIIIf OUT 0' atlIII ABSlTS t1IAT tou IIAt 011II <II. TOO WILL 114V1 1'0 I'lID A IDDII, WIleR IIAt II T1II IAn IOU HAYB TIllS LOAIl VITIl, IIILLIIlll 1'0 LIIlD TOU 111I 1IJIIIt. IP tOU UnllAllCl 1811 LOAII A't IlATUl.ITT, tou IlAt HAft 1'0 PAt SOIII 01 W. O' 1111 CLOSlIlll COSTS IIOlIllLLt ASSOCIA't1D VITa A .., LOAII _ II' tOU OITAlIl II'UAIICIIIO PlOII T1II IAIlI IAHK. Borrover. ell pa, coal ..e.e. t.... ..d pr.I.llt r'''I,e. Co book for vlrifle.tloG prlor to o.ce."r 1.t or each '&lr.- . IlIIlo oIIIooduld"'(.. ........piO!'I.......tocIla -.br IlIo bololorbenor) aad oIoaII tIoo, I'rom tim.to 11IIIo, IUIIiI Mid... lIII.....ba I'aIIj poIol, __lad.... all.., bypa""lIlo........, pnml....1Ild charp. on IUda policy or........ ct........ ajoIoIIoa -....- ...tIaasqI-...-. or.. oar lOll.. _lasvllM., wbIci IlII'BaaIr, Ira . .. .. ........ ..., ....... (or rwTboi -.rity at Mid... _lba buIldUsp ... 1.4.. -_..10..._... ",~IOIl.......IIlIa""'obIIallcII:orlD' .llIch m., bo ""'--=:illilpollcllicil-- ._.klaof...boillDolllodrill........IIaI.........or ......................~.. llIIIl"P\lll?"odUII ~_ ....Ib. .-.-cl...... aDKW.1IIIII~_ oroild=-:.lIlrUWIlIMid~~.....17)de~=tbO..plrIllOClor .old poIIciII; .. IlII _ d '- ........ ... pIIlOIIIIa d uId _ oIIaIl III pailIto ........., B... II 1IIIIIOrlIad"'.........W l-oudllliUwItIIOuIlIlo _oIIonvnr....ooUoci, 1'ICOi.. ........lptr""uc~ ~ 10 IIlo _ of _.......... _....................1 __ _III' cbldlla plrmat w. aoI, Sada"""" oIIaIl 1lI1l'P!11d...1Id .."bo'''OIIlI..d aII.- aad .1= d.... \tI coUoctIila lold pn>eeIdI. IIId ....111I IIlo pQIIIIM ill all ~::.:J. 8ooronr 10 .... ......, aad IOWII1IIIlo paJ1lll" or Ilw IndIbII<laau......... bIrobJ.. lIlY .bIdIer or 001 tbIII cIuI or pay...... or ."'"11a Ollllon. ma, IIlPr oaId__,....or lIlY JlII! """'lOlbi npalrornllooJldlaarlloldpioaollll. lalba .....d,... or,,,, pijoDl.. ..toNcloIoirt.llII.........dall ~ rlloRlIIlCtollall ~lOlba.....-.,Mid....lOIlllonow" hantly ........ ....111 .....,.....ract, Ia........... 0_ to oiaIlp aad trwr.. aU lucll polIdn to luch pun:1liIIi. TIM _oIIaIl....pay,_IlaIa..1lmo, WIIlllold......1Iid IaunIlbol\allrpald, aIlllln, ."".... ......- aad all"""" 11II claliDa.-.. _.. oar llIao, -' or M,,,, br oar l.wtId .UIbority upon IlIo 0II0IlUaId --.. whlcb br oar....... or l\IlUlIlaw or I... oIiaII..... priority Ia U. or _to IhI debl _iaoI br thlt oIIIlptloa, aad........ by 1Ii4~, ..... aad u tho 1101I ,ba1I-' dill aad p.,.bl.. lIIdoloall.....ahIb11lOuId.....I.. _ or uolollI. ....IJlll ror all w........ aad_"noll UN'"d upon ..chIrIo.....to IIlo 1DOIIpfId..-l1, lI....oIIlco oI"Mid..... or IIlucbotbor pItco...., bo dltlaallld b, lold B.....II wri_ .UblolWlIlty(20) de,...... oudllllllor.llIror.......... .....111I.... p.,oblt 01 r... .lthoul IlIo 1..p""~1oa ct '- or pouldlo, .. ..U II ....1ptI ror all oIIlor 11I11 or cIwp. or dllml d ...., kind ond ........hlcll br Ill' _or"""" law or la"lIIIJ bior......... \110 _1Ilo IIIllilautd _, prior In lI.n 10 laid Mortpp, or.hlcb ""blor_~..' ...... ~....Ia.or .....lIntcUoUiliulablt....IIiiwIbl.orp.'. .bla berori oIId cltbl, out of lba P!OCtodo ;;11I, 1aI.... ror coU_ ct IIId cltbc, or.. dlllribullblo or Illo...blt or ..,obit oul of IllI pnlCOICIo or Ill' otbor ..,.... .llhou.oar mud or ~turI...,. tbIII.... obllplJon to bo 'oid; 0lhawiII1O .......Ia Ml for<alad II bIIaa __ 1IIIl..... how..... \lII\uponlllo rlil... dllw 1Iom>..,. _"" boln or w..... 10 maIaIaIa.1liI ilIIw.... upon Ilia l>ulIdIq, or to payllw 11I11, ...11' aad .....l1n... or other......... c1..... or u... u .,....old, IIlo B....IIIIU........ or........ ..., Iaoww IIlo bulldlnu. or 1'., ,ucb lilli, .1lIr IlIIIl ''''' I11lIl or _ ch",",- clalma or 110... aad Ilw IlIDlIlO ......... br IIlo Beak, 1.. 'u........ aad u..... ohaUbI pI~.... Bono.... _"" bolnlad UII....tolllo Beak, 11I1............. ...1....llIIIllball bo id.iId lOW . partorlb. priaclp" d.bl bIRb, llcuml ucI ohaIl l>ou 1n,,_IIIoI1C'" IlIo ,". ..I rO<lb aIJove unlll ,lid. ~ """"'---. 10"" .....ottho laklqot 111 or ..y....... ot"" _II" dacribocllo tho ~ IICIUlaIthIa NolO 10 illY pn>eoodIapuadortho_ot...._domaJa, "" .ndrI.wonl.._IaIllCll~ IU1lbopoldlOBIllk. tobo ~_onI.._otlll_ond.._.otB""Ia........""wlIlI.lidjlrcloHdlnpond_onl poymontotllllDlCJl!llllpo,'" by _IOBw Undor"" _lICUriaallll. NolO _towonl"" po,...nl ot"" IadlbUcIIlIIIlIIrIIly IIaIrId. or.., portIaa thmof. wbotbor or IlllIlIloa.... or p.,........ Bw II III cIJtlon. ...,1fIply Aid IWIIII, or lIlY port Ihno( 10 "" """" or robulIdia& ot Aid........ cIiociIbod la uId ~ And 1111 IImby doclorod \bIl iii. obIIpIlan lI..lIDIIl-*l by Inclmlurl otlolortpp, ot ...n dolo bmwlth, mado botw.1lI JIonuwor oad aald Bank, _ upan..sf .1\41111D111Od III tho Tovn.blp 01 Lov.r AU.n, County of Cuaberllnd, and COImonv.alth of Penn.ylvlntl, .<>/ :~:.1:~':J.... ,.., . ".,',. . ',:.".;." III .Iid IndoaIurI ot loIortpp ..... partlcularly dllCrtbod, ond II ..~ 10 III tho Iolllllllld _dltlonI ot I&Id loIortpp. AND .ROVlDED ftlnbor IIllI b II bo"'" IIld """'" "_ly ..-..I \bIl1ll tho ..1lII ot uy ...Kb by _. ot.., __...woo or ~ otthla obIIptIoa. ..0111io1 101_. b IIlaII bo IIwl\1l ror lIMo B_IO ......_IIII1ld!ioPJortho -. bulldlnp oad......... anoIOd by.1id M.......IO _ thIa oblJp. tion,lDp\llor_tho..IJlI___ IIllI.KbllldoworyJlll\thoroor,IDdIOIU...._otlho ..... aiId ottbo IhTum, nl'......1IllI 0quIpm0at iliinln "-""*\ IIld 10 ...... boIcI, _. It.. 10 "" _....,...._or_ _1Ild_tho _10 1IICII_1a1lld........_lIllIr.....h porlodIottinll.. BuIi_.lltlioaolo_ dB.... _ _. tbo _.......\bIl JIonoworlllall IndWlU._-.lIbylllllllOlOdo,.........,orlDd__Bw..'_.....orlUbl._1lllI1O oolIoct oad .-lYe all.... .... aod Po/!!I d~ aald ~ pIllIOd 10 -... tblI obIIpIloa 1Ild..." pili Ihonof.rorwhlclltllla............. ....bo.IUlIIcInt.1IfIII\ .........IlO\..... ..............hu..... ..1aMd1O ~lllll&llM.1Ild1O IIIb - tinlllO_1II aIIondoao. -:u.::r.'" _ rrp'- ,.11I_ II all' NI1l1 N!ldOuIIO....._ oIlor...= _d..,.... IUCIl _1lloiIa, ropolnllld'"Jll.'-~II_ "_lIlCidIoito....... ,......Ioa dtbo IIid ~ ond tho ~IIldClllintblIhonof, IDilbopInetho_~ IonrIoI, ......,...rnlduId.................1IlI! plIlftlI.lfuy. uWnallofotalld, IOIho po,-dol_:=_.......... ..r.;;;-" .lIorond_-._.,y __IhII..., be ptlorla .........-10 Aid .. doIa lIld...........ror uld IaaurInco; wtIIIlDM_1llorocla, or 10 tho IaImai _............ .... ~..d IOCIirod by aald ~dlol...... wldt oD..... ond I\IDr- ..,.. I... ............prIor!ty. ....... Ib, .010 dIacnIloa d..... _.......,-, II.. _.. ...tolho!'llllll'UY_..... bo....cr...1y qrood, _1llIt Iholaklqd_ioI! by..... undor ..........Ioa, _1lllI..-...,iWIUltWlllch"'..l/............. by lIorrowor~or..._tho...rc..__ot.., ot...-." ~ obllIM-........ oyfaa W_ d AIIllrMY orduld plU!ioIId Ia.... d.ucll dorlllt:_Klallirllllr.~-.oOoIaiIoI~\bIltho.-bylllla UdW......",A-, IDlIIIid IIldoatun pmIdod b'tbo aA.......... arlllo po,_ otlllo priIIdpeI......-...I by IIioI Mortpp """"',wldt...........-. II .....~[.~ IIld ror lbo porfor1lllllCl dlbo __ 00lIdJtl0nj iiOI ....... "", -- Illlota..... ..Ill uld MortaqI..romolto,... ......111I.. 1lllI......1TIllI IIld ..., bo puIIUId ollltIy.. _m" or """"" II tbo.... dlacItiIoa otlho B_wlllI, bellll'ClIId.. ofte... _1oiI1hmfor1li11-... AND Ibrtho __ oIaac:urlna.1id _.Ion .,.lid IIlOItppcl pmniI" 10 BIDk, . IIlo mat or.oy .....h .. oIomald, Bomiwoidool....." .1IlhorIJ.ond _.r..y ll\OnlOy ",.., COUll orCOIIlIIIOlI PI,uln.., Cuunt, ottho C--....HlIIl dPtau"Ylnl, or ot..., othor _rt 1Ilo" or .1I0wh0r0... 1l\OnlI, Tor Bonowor.II..II.. Tor oIl_ dIiIIIlaa ......... by. or \htouJlI JIonowor, 10 .Ian.. __ ror onlltiq 10.., eompolllll_rt.. - -........ ror....*Iloadlho promi... _tod bj Aid MortPP, topIhorwllh"" blrtdlllDllnll IIld ~ .. Will II ill ftJ_, 1PPI'-1Dd equlpmonl dill' n..... ...._'"!, now or h...oII., Inoll\lodupanorln.IidDlClrtppd ..........t..hhoullll' '11' or".cullonor _.1) apInat IIIGlIonowor ond iii plrlOlll ........ uador. by .. """"'" 1Iom>." ond tholll. ...r... Judpnllll lor lho rocomy by IIlo B.... d "" _Ioaorlhi .1id~.........IOIt1b1rWlIb"" hltldit...lftta oad _lItn.....,.. ..11.. iii ft.,u,", .pp1i1ncoo ond equipment 01.., ..........lIoty.r. now or hc..oI\I, 101111I0<1 UpClll or In .Iid IDOllIQOd ...mI..., lor ) :.;'~::.',:;;t:/t~~~~-:" ;;';:J(;,;Sf,'" .. ..t ~; ,:~;,'r, '; '" t.",~,1 i,:, '_' " '.':~ ,~ . : \~, . ~.. .;- ,( ! 'I: " ; ; ~ ,....", "1.' :,,' (': ",.-.-.' ::) , ", .:1 -::...',', ,,'.. "';"":; ,'-'.'; .... ; ! :; .._.:t I...., . 1(..;'" r.' ',:.: .,:',j I",:: ,;'<1 I ' . ,.~"t,:'::':?;~l , I , },; ~. . "",~ e e ." .. " _:t.., >r;:',~} - " ;~J":~ ., ~: " , . , '.' .' , f .' . " " . ,'. . ~ '. i, , ~. ,', ..... ~ o I I Iii I: ~ U . 0 :l ~ Iii' ~ hr C,Q J cPr .. .,. 8 C,Q I: a 8 . ~ . I 2 . J i i i . tb~ 3JnbentUte .... lWt "3 t'" 000""'" oleo _ .I.hty-Ilx d.,.. lA, f (1185 I, IITWUH DENNIS THEOOORATOS .nd DtKlT.IOS G. HOUTSATSOS, co-p.rtn.r.. tl. THEOOORATOS .nd HOUTSATSOS. llo_caIIoI"'~,""'oI"'''''''''' 10..._.._........ AHD CCHI lA!<<, N.A... IllUono1 bWlnI"'ocl.~on ."".d by and "lIllnl undo. olI.law. D/lh. Unlltd Sltlll, h..101 lit potn.lpol PIaCl .r bual_ 10 11M .01..... Dr H.w C'IIm"',Iand. C..nll' Dr Cum"'rlllld IlId Comm,",w.~olI Dr .....'1'_111I..........-.... """""1,""" Dr....-'.... WH..RA............_,___.....Il_.N........pdoalpol...of ON! HILLION TWO HUKDIlD THOUSAND AND NO/IOo--------------------------- Ill,20D.OOO.QOOOLLA.., .... I..... II aM ,... HI ,.. 1I .... N'" fIl.... II ". d... ... II .. ..... NI hnII .. 1M ..w N.... ................._l..........oa- .........lowrlllaabJ .........IItnol)..... oIIo....~~__U'O ..""'lIII!1...........1oIOnoI.~,...,"..._,.-...._............,.. "lIn,_ ...................... ---.......,...11I........................... II......... "'~3 ......rn...IOu.......,.. w'" CollI.... ....T-t-,,-t f. b...r.nMr.., 01.. 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"ucdnI from 1M \011_ of UM land ro' tuaUoll'W1M*'o u, 1_ dIInoI. .. cu.... ill 1ft, .a, IbI 1.1.. __ la rora for _ t&1IUH or morlPltI or dlbt ~ lbIttlrJ, rot ",\II 01 localpvf1'Otll. 01' 1M .... of die coU.wo. of &It, Mill Lt.Ia, 10 . 10 lltel 'M lAteral O. 1M Mortal.... tlMlllIilI .lIoIe at uid ,"ad'" diM IIC"," '" &bit MOftpIlI, lotIItW wt~ t.bt Ill""" due ....fWJD, UaII II 11M opdoa of 1M ..CM1I.... bcmo, (III' """'lalli, McomI .. .. ..,aWe. ,... NortIaIor.....llc tv.r\W .....lbM W lA' IftItaIIMtIl oIlell"ll be DOI,.w..... .....uc~ lMtallatll ahalt b.., 1.,."11 IIl1il1nll.... ~I...... Dote ~aLIl""'lIItJM.,.... WI AD, p.~... pmol6ldfot Latbl Noll hcInlIlltnbJ Iball btcOlM 0"" due tor. period Ia IIWI ofn"- (1') "r.. Mort.... """'0 p.,. "I... dUll" ofl". CI1tIIIS.) for eadl dollar 10 0".'. (Of ~ pllIpDII of_".,.. ........ trw:... 10 klidlla. tIaa delialq\Mft1 ptrmaL Aid runNr. MOftpfOrllRa 10110 eoft", Of ~ tfUl;r" thil &0 lit aMIftpItd"..... C-'the, I.... or .._ltabM) .i~1 prior wrinn COUIIGI"'. Nonp... to lhI .ptClftc lnUr.,. A traulet to 1M 'In"or or dt,tHtt Of IMIn oIth1 NorlJllOf III Uw n... 01.. "oft&aICl'". daadl.balI not comt .~ lIle ~ of IliI COY"'" HOW nlIllND!NTUIl wm.'I!SSBTl\: ThaI'" ,old .._, u..q tor udlo...._.oIlIlI_... ond ......._......11Io,......01...._,10ol 101_.. _old........ ......._11I-.-." .......IId.... pi,. ..... of &U....._ oflAlur... tu....1&If ntlll ud...., ,...,,11I_"*........... dlItall. U al'omUd. ICCOfdUta to u. .- ".... _1lId 10 diIdlItJI_.. tor uoI 101...._ ol....1IuIIwt ''''' 01001111,001 DoII1t.... t.4c:I1war la hM4 .aD *ro;z' paid bJ 1M IUd MClf\pItI, . ud be6n tM uaI1rla IIld deU,.", oIlhI.. pmanu. IN ftCllpI ...riOt, la Mr'1b, ICUowIed Mort&lIOf HI puled. b.,plMd, toI411nd co.",td. ud bJlIM.. ""'011 dol'....... bupUt., Nil ud caI'" _lItO 1M NOft&&pt. III I.CCdIOll aod UllpI: . ALL THOS! CERTAIN two trlct. of land .ituat. in thl Town.hip of Lowlr Allen, County of Cumberland and Commonwealth of Plnn.ylvlnia, a. Dorl particularly duc:ribld in Exhibit ItA" attached hluto and udl I part hlreof by uferenee. iOci 1113 fl(c ~3.J -, 'IOVlOeD. HOWIVuA .. _ ., ..,1llII II .., ..... ill ..,_ A.. ..uolool _. ......0/ ill'.' .. . ...... . _ tf~_ . .,oar' ... _, .... ... ... ,:,;.6;' _""'J, ~ ... - ... - _...... ___,. ... _" _ 10' M" . _..... ~ "-.. oa, 0/'" _ ., 10 Art ......... tua " ... ... ... ...... .. .... << d... . .....w. .... ., ... idIdIII ,. .. - 1M 11I_ ... ....... .... __ _ ... ... ..,QII ... .. ..... of _ r...a-o ma, 100 - ..... ,...... _ &WI "-'11II ... ~ 10 ~ ,ncu_ .... .... t. ... -~ 01 1M .... ..... .,.......I'riIdooI...._. _ _...-..r.......... _ oillllll,...,....of'-'_....... WMtr ... ... .... ....... CIIIIlI........ of ..... ,.oa ~'.. .............. ....,.. .-.m.~ 01 ." .-: c..... 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"" ....... aloII....." TOGETHEa .n11 .1I.11t ...tIdi...IIICII..,...".IIIl1I1M.... and oddll_ Ind all"""'" ""..I., inclu... all alle11. '.1.....1'1, """,li"'""I, ,oj.iII... 10"..'........ and ~,""CC1 .h.I...'" "",,"'0 "'1on""1 .. ~..... TO HAVE AND TO HOLD ,lit "r...... ......1..U1Ied...........,ed..'ohlort...r, I. IIICI I.. ,... .1I1nd"'...,oIlo4......... illlllCcrs_ lid 1NipI. I....", '"II MOITOo\OE IS MIIDE l.toIce, 10 Ih. I.UO'O'"I c....lOO... ..unanll Ind o.U..lionl' I, All ,11n..." on 'hr NOl' will b. mid. wltrn dor".c1.d"l P.1....,1 d.. b~ Icerlerl".o.r "'"I."'}', and 111 .Ihe' ,ond'UClIII, connoan.."" 00101111.1\1 1I,,,,.lIed.' pro.ldcd h""', ,n \llC N..., or ,. ..~ .~hcr "bll,.".. ~I IoIonl"'.' 10 Mort"..., WIll bo prrfo,rr,.d, I.d ., Mona..ot co..nlll" II1d wllll"" till' hI"'IIIO' Iw I.. umpl. "ti. '0 lho P,,"'"1 ond Ih. nahllO IllOC\Illr tile PllmllU: Ind e, hi........ w,U ,., wlltn d.1 1111111I IIId ........1l\l.I1Ild ClIne' .O' ,mo.."I.1 ch..I'1' Incl.din. .1.CI,kll,. ..... .... IIwer nn" 1,'11d o. .NIICd aplullh. ,....lItl Of M1 ,an llIerrol. and.1II deh'" ....i'.. I.....ror I.lht MOf\II'" .poo nqulll. aod Ihlll '1' .iII. due all.....n.. _ur04 ., 111 pclar Ut. 00 .... ......il..: ud do Monallotwlll k..,,,,. ",...iI.. iOI.'" aaalnll O.........h ..her hIIl.daln ,.ch 11II"".' ......nll .. "'11'" requi,ed "'.... Mo"p," Ind 1M pollclIl IIld .....111 ..iclrncUllluch ;...,u.. Iball u.. Ilucb.d Iher". . 10.. ,IUbl. cll.Il"1 ill rOITll ....pubic 10 I" Monll''', """ .. Iol......... .iU IIi"'" ..II, aulp.. \till'" II' ot all or... P1..,i... or ..., i1llr..n lhcrd. no. c.lIlIOiI_aulr.. "1 .Ult. "",Ii"'''' 0' ...,Iw. ,... 01'" ....... ... wlllllllOlOia 1M _.....,s.... 1llllrepP'; 11III t b...... or.., c1rrlllll iI...1IIllII or.., ,.~I" ud ..,.... ........ NOlI.... in lilt hrplaa .... pm.......r or"1 or 1111 co.. _. __ .- ...1..._ COII\Il_d __.. ill'" N..., _ .-1 ""'r. obllpllOll ., Man..... I. 104......1, Mort'.... 1lQ. lIpOn liIIIlI, ....'" WcICTpeClIlr...lnd., 1lI.,1Il loNwilllllrio.........or-.... 1....1ow......- Of iMIi1.lr_forrc...... plOCIdtnP........1 .............IIIl',........ IGjIoI....1 and .UClI\iaI..n......... WlIlCr dII. Ol\ "" NOI...... -1 0IUf I.... Ibl IIII)' '" "", lhtn"""., '.cl~I"1 -1--11.'...,.... of.." 11III COlli .rllk 10 1M ..It.. ,I Ill', """idICI in "" N..., ....Ui' ..II' I.to ............ of "",,,,"I. .,llI.. ._11'111 ecIloa. 10...... _......<1 .U"'" lid "."......nl\oa _ all., clrdllCllAllII COlli or ooIItcIIOII ..... MotiIiIUIIlon ..,..... .,plJ IIla MI m.. ............. ,.,_0111II11.......... _.., 1IlIi.......IIICI"""'"Ii.. COllI (ilchldloa ...n..' rltl'" ~I' "..,.... _.1.1.... Nell, ia...."''' __ II W......... ...........1 aolr di__ ml,.Ita'" Nort.....lhall... UoIoII IG - Ol\/J lor rDII and prof. ill -.u, nctlH4 ., ...........' .. ~ .........., .11... .. IIItMft allonII/I'" nIId r.. U1 .... III ......-.. 11II) uoI n....... 11.1 - ill.... .. hrrtalltr ............. for......... or../iII oIIC....... orlillkllle........ dH '" 11111I.."....... ohlle - ICIlIIlIJ pail., IIlaIlflClllllT .h... r.. . -.... .......iau1 joIoIiciIl.. ~ r....... ..........cwll..,ria...........n .....1.......pITlfIft).NIIor""....IIl1.... 01... ..- 01.. .........., ..... 1'1....... .....,...... .... .11..1100. or .....WiI.... 10)' ""1 or o_lioD .. ... .....: lid .. I. "'1_ 01., MIh II .rom"'" Monppt.........'" ....1IoriI. ...s......." "111I-' 01.., ....n 01 -.. pic. 01., C""" ollila C_..alIIo 01'-11..... or or ..,...... """" 1M.... .......n. IS _1 lor .....,...... ...u II Ill,.,.... clallnlll"''', ~r .. ....... MOIT&If'I. \0 II" .. .__ lot ._10.., _,.ltOI ""'" 1ft ...InlIl. oedOl,ln IjIc_1 lor _1IiGa ...... ....... .......d lotr.. .....,willl ~II u4.".,,_ II ..U 1111I fill.nl, oppIIaaCII ....Ill......., 01 101 ...... .'*-"t., ... .. h.rulIcr iMIIIIICI.....' '" IIi4 _....."...,.nJ ........, ...'0(......,... """,,aI. .....11id Mon...... II weU II all pc.- cIIIlalI. .odt..lol' Of IIlIouP N""II'" 101I..... ....... jucIenotol foe "" n....ry '" lilt "on,I,,' 01 "" ,......100 .r IIoc laid -n....d ".1Ii... ,'''''''', .hlllh. 100"'_011 101I___..' II ...11,,11I fi...nl, oppIiInc.. arod .q.I,,,,.nl.1 an1 001." "hI',-"'" orll...aft" Iouolltd ""'" or I. I.,d ...,....s ,.....n1, I.. .1lIc.lIltllod....n IPlI '" 1..IT"""I.lITan~ and IW"I.,,.....II.o DlI)' be \s...d rorlh.'llI, whilo<ll 111 prioc WTi' 0' pro- cordlae "~IIS",..., M""..... ....., ..leu..,..d ..r""11O ",.... Ih. 101'11II11I lrom all.fto/l ..... del""......""" .. rnllriall.ch aCllon oadi.. jIodpctIl ud Cl....' 1..10 ,,"'.. wnlS \0 loa ,...1<1, WII/1J procr"',n,lht'COft" conCl",ioll~' ..... lid "'ub) lan..nINI DO WIll 0' rllo, ....<1.... ...U ... ..... or Will Ulu'IO, IUT ALWA YI nOvIDED. ........1.... W' ~llIlI M.n.... and liI. d.b.. h...b, ..cund .re pa,d i. ....11 In IIlc ",on..' "."dcd ,o.b. Nou, tIl.o lIlla ......... and ... ..... ....'" VlIlled oIoa1l cr... and dlll""'lI and bt<<lmc void, anJ'llin,llcnl. I. lilt ...,.., ....llIltllOclilll, nr..._ 101I ,oodill.. Ilon!. cOllliItd .....I.ind uoI 1M bc."r.1I Md Id..D....1 aIlIlll...'r 10 lht ..."CIi.. beln, "'<\110/1, tUl11l111l1l0l1, ._..... _ aulps or IIlI ,.ni.. ......0, w......., lIIId, 1M l..pllI .....btf Ihalllnclu4t 1Il1 ,1...1. lht pt.rel"" 1....1.. lid 1M \IIr of 1Il1,tDdcr IllIII Ilo ....11,.... .. III ....... h~1 or... MOftIIIIIs I.bjtd III IIlIte_ lid ~I or ,be 1'.1< rrr.md ,. .bo"'. IN WItMIS wHEaEOf lilt hlo....'.. ... _. 111 hln~ IllJ 1IIIIhc d., IIId )U' On! lbo" ..,1 ~,V'~~/k ~i)~ ;~d'2/ =0' \, - ';\6 1.,Denn "The dorato& - -" W_ __ MO"I'lo, ~D...u ~ ~': ~ Vi_ MO~ 9aO fAte ~~-- -4/r/""~ ~ioni.I~'Dellletr1.os c'. Mou sat&OS ' WicMu loion,.jOr MAR-e7-1~ 10'52 FRO':! '=CNB BfN(, N,A. r TO .,.,..JQc.~ r 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 witl TRACT 1. BEGINNING at a point on the North aide of United States Route 15, 1II0re cOlllllonly known as "Old Gettysburg Pike"1 thence along said Route 15, south 48 degrees 38 minutes West, two hundred thirtY-four and fifty-rive hundredthe (234.55) reet to a point on said Route 151 thence going North 17 degrees 50 minute. Weet, nineteen and eighty-two hundredths (19.82) teet to a pointl thence south 48 degree. 16 minutes West tifty-four and s.venty- four (54,74) feet to a pointl thence continuing South 47 degr.es 55 m1nutes West, one hundred fortY-five and twenty-six hundredths (145,26) feet to appoint on the corner at other land. of Morris Xranzell thence along the 11ne of lands of Baid Harris Kranzel, North 18 degrees 43 minutes West, one hundred fifty (150) teet to a point at a corner of said land of Horris Kranzel: thence along line of said lands, South 47 degrees 55 minutss West, one hundred thirty and fifty-three hundredths (130.53) teet, to a point at the corner of said land and other lands currently of Horri. xran.el, which it is contemplated will ba sold to John K. Sacco and Michelle L, Sacco I thence North 41 degree. 30 lIIinutes West ane hundred thirty-one and ninety-three hundredths (131.93) feet to a concrete 1II0nuaent on line of lands now or formerly of H. F, Rockey I thence alonq line of said lands of .aid H. r, Rockey, North 51 degrees 19 minute. East, three hundred eighty and eighty-three hundred':.h. (380,83) feet to an iron pinl thence lon; line or said lands of said M. F, Rockey and continuing along lands now or formerly of Spera Induetrial cOlllpany, North 16 degr.e. 28 minute. West three hundred ninety-siX and forty-two hundredths (396.42) feet to an iron pin at the corner of said lands of Spera Industrial Company and lands now or formerly or the pennsylvania Railroad company; thence along line of lands of said Pennsylvania Railroad company North 74 degree. 18 minute. East, one hundred thirty-three and twelve hundredths (133.12) feet to an iron pin at the corner of said lands at said Pennsylvania Railroad Company and lands now or formerly of E. L. Bucher I thence South 23 degrees 55 minutes East, three hundred seventy-three and eighty-three hundredths (373.83) feet to an iron pin at the corner of lands of E. L. Bucher and Harold ' Sheriffl thencs along line of said lands or said Harold Sherirf: South 30 degrees 31 minutes East, one hundred twenty-four and eighty hundredths (124.80) feet to a point on said linel thence contin~ing along said line South 21 degrees 22 minute. East, ninety-nine and nine~y-three hundredths (99,93) feet to a point on United states Route 15, aforesaid, the place of BEGINNING. Ths above described premises are subject to a right of ingress and egress to other lands of Korris Rranzel and Lillian Kranzel, his wife, which have been sold to John K, Sacco and MiChelle L. roo;, U50 rm &38 ~lJ7-1995 10'5:3 FRO'! CCNB 1lfN<, N.R, , r TO ':f~Jt:>.tbb:> ...... r Sacoo, such lands being located to the west of the real estate which is described in this D.ed. Th. right of ingr..s and .gr.s. shall be for the benefit of said other land. and shall .Ktend to the Buyer of said other land., his administrator., heir., successors, and assigns, l....es of the pre.is.. and other us.r. of the preais.., including Buyer of .aid oth.r land's invitees of ths premises, and shall include right. to use the present roadway. and driv.way. that provide ingress and egre.s to that area known as the Lower Allen Shopping Center for the purpose of ingress and egr... to said other lands, all of which shall be for the benefit of an appurtenant to such other lands and shall run with such other lands. This right of ingress and egress shall continue so long at it is a convenience to the customers and other proper users of the ~aid other lands. TRACT :I, BEGINNING at a point on the northwe.t.rly line of state Highway Legislativs Rout. 1:13 (Old Gettysburg Pike) wbich point i. two hundred eight and thirty-two hundredths (:108.32) feet East of the Northeasterly corner of Spera Drive and Old Getty.burg pike and at line other lands now or late of Spera Indu.trial Co., thence along .a.s North 18 d.grees 43 minutee West one hundred fifty (150) feet to an iron pin at line of land now or late of Morris Kranlel et UK; thence along .ame North .7 degrees 55 minutes East one Hundred fifty (150) fset to an iron pin at other lands now or lat. of Morris Kranzel et ux; thence alonq s..e south 18 d.grees 43 minute. Ea.t one hundred fifty (150) feet to a point on the northerly line of Gettysburg Pike afore.aid; thence along same South 47 degrees 55 minutes West one hundred fifty (15D) feet to a point, the place of BEGINNING. The above describ.d preaise. is subject to a right-of-way to Western Union company r~cord.d in Mlscellaneous Book 81, at page 595, TOGETHER with all and eingular ways, waters, water-courses, rights, libertiee, privileg.., hereditaments and appurtenances, whatsoever thereunto belonging, or in anywise appertaining, and the reversion., and remainders, rents, issue. and prOfits thereof I and all the e.tate, right, title, interest, property, claim and de..nd whatsoever, of parties of the first part, their successors and assigns in law, equity, or otherwise howsoever, of, in and to the same and every part thereof. BEING the same premis.. which Morris Kranz.l and Lillian Kranze1, his wife, by their Deed dated March 1, 1985, and recorded in the Recorder'S Office in and for Culllberland County in Deed Book "D", Volume 31, Page 216, granted and conveyed unto Mortgagors herein, iOii 950 fACE &00 .' . (: ~ GUARANTY 1. AI u..d her'1II tbe fo11ow1al term.' lhall have the "'a1nll 1ad1cltedl , , "Unden111l'c1" ..aDI tbe penoD, 1nc1ud1ll11llY fora of 1IIa1 .at1t~" or. 11 IGre than onal all o~ thl par.oaa by who, or OD wbo.. babalf, th11 Guaranty 11 . .1paed. "1IIIk" "11I1 CClII lAllI, I. A. ",. . 1 10 " _..:. Dannie Thlodontoa and DllUtr101 G.Mout.atlo" r..Dc..pa ~ver_ co-partner., t/a Theodorato. and Kout.atlol. . , "'Z:1IIcipal Jonovel" I IJ.ablllUal to luk" Milia aU u1lt1ll1 aU future UaUl1tia., wh.thll' UlOlutl 01' contalat. 01 tile 'lI'1IIClpal' Borrowar to the ' , Jaak of Illy DatUI" whac.owu 11I4I out of Whatn.r tl'lIIllCt10Da' ar1l1nl: . . , 2. The UaderlllDllI b'I'I"'. lIIIcoadltloDaUy IUAl'lIIte.. to tile lank tlra pedol'Ullc.;. 1Iac1uc11DI. but DOt be~ 11a1tei1'to, tba Pl'np't pa,..c vila clu. of the 'r:lJrc1pal ' " 101'l'OV1I''. Liabll1Ue. to 1uIc.' nil Gual'aty ia . CODt1DU1a1 011I aU .hall b. . . . . . eUecUv. 11I4I b1ad1ll1 oa tile Uadftllpd z:.aucll... 01 bow loal befon 01' after tile ut. hll'lOf lay of. tba rnaupaJ. lonowl" I IJ.abl11tl.. to lank wer. 01' ar. lIacurrlll. pr"UIlI. bovntr. tIrIc .y ODe 01 tu lJadu'llDlcI vila Jiv.e w1tta o '. . aot1ce to lank CO tIrIt .ffacc .ball, DOC b. llabla llel'.UDder fal' luch of tb. . 'r1llclpallorrllWll"l LtaltWt1u to IazI!l .. ar. lacunld aftu tb. l'eCl1pt by the lank af IUch w1tta DOtlul 11II11.. tb. I" ar. rlllavaJ... utllUllolll 01' _1- flcatloDI of l1ab111tl'l thlr.cofar. ezllt!nS 01' unl.11 tbe link 1. baund by l.rl"lDt enterlll'lIIto bafor. tha nCllpt of IUch DOUCI to perait the .... to ' " be lIIclll'l'lcl. 3, Thl .-aunt of the Und.r.lan.d'l Llabl11ty berlunclel' .ball b. limited to On. Killion ' , Tvo Hundred Thousand eft, 200, 000; OO)(1D'lI't "ua11a1tecl" or "11II1tlcl 'to .~ . ") " .1- ..-.' .' (; r: . , , ' If lIO lAllrt1o'~ hll bl. ucll ill tlla prlcldinl IplCII thl MOunC of chi ,Undlc- lipld'l U.lbUity hlrelllldlr 111I11 bl\llUlll;U4, If tlil _wt of thl U1uIlreilaad'. 11lbility berlUAdlc il hlrlill li~Cld, tbl Ua4~rliI"14 .,rlll that chi ..owt of tlll hlAdpa1 lonower'. LlIbUity to 1111I& ..y. frea tUl to tiM, Illclld .tnl . "" limt of tba Uadlreipa4'1 11IbUit, barlWldlr without 1IllllY ,VlY afflctlll, tba lilbUicy of thl UlId.rdped lIIrellllllarl u4 thl Jaak ..y Ippl,lIIY plyullt vitia " rll,.ct to ,rillllipl1 IIonlMlr'l Liabilitll. to Iaak to 01' OIl accoat of llIell of , ,rincipallonlMlr'. LlIlIUi.tia. to Jaak aM is IIICIa onar .. tbe lu1l,..y diet. 4. orbl UabiUty of tba Warliped bulUll4el' il UlOlIltl IIllI IIDcoaditiollal IIllI .hlll DOt lie afflCt" 1& .., _, b, r.... of (I) .., f.UuI to rltliD or pn..n., or tba lack of prior l"OI:C_e of. _, dlllt. apiale 11I7 ,.raoG 01' pareool (_lud1lll cba hiodpl1 IoftlMlr aU _, of tba UlIdarliped) 01' in III}' proplrty, (b) tile lIlYllUity ,of u, auc" riPt. vIIic" .., 111 .tu.ptlll to bl obtainld, (c) illY d.lI, III aford... or fdlul to lDlorlla IIIJ 1110" rlpca IVID if neh dlhCl an therl'" 101C, 01' (d) a, .111, iD .."4"1 .-.... era tb. Ullderail"" for plr- foruacI,or ,.,...t of tba VDdu.l....l. obUptlollbarlUllllar. . .0 . 5. TIll tluer.ll11" lien'" wi.,.. aU _ticl. of IIIJ cbulCtlr vhaclOnlr vith ; , r.lplct to clal. CIlaraty ... tbl 'rillllipal IOnowar'l LlIbl1lcil. to leak. iaclu.1RI I " bIlt ut 1IIilll Uait" tOI _tlcl. of thl acclptulCl barlOf IIllI raUlllce harlon. of , . ' tile prlll~t ailtlllCl or futun lllcunllll of'lII}' of thl 'rillllipl1 Ionowar'l LlIbl1icil. co IIDk. of tbl 'IIOIlllt. tical lAd cooditloo. th.rlOfl IIld of ,D, ..faulC1 ch__. Thl Ulldlraip" blc'~y coollnt. to Chi tiki... of. or flUure to tak8. froe U.. to ti'l, without lIOticl' cO tba UDdlraip". Ill}' Ic.Cloo of In, naturl , what.O"IC vlth cI.plce to tbl 'r111clpl1 Ionovlc'l Ll.b111t1a. to laok'lnd vich atWIANn - 2 - . ,,. t.,' c i..p.ec'to aD1 ~i.ht. ..a1n.t An1 p'~.on o~ p.~.oa. (1acludial, the '~1neipal Ioaovll' .DeI .a, of tha Uad.~dIDld) o~ In .a1 p~oput" inc1ud1ll1 but aot l.f.a1t.. to; 1n1 ~.alV~l'l ~iflc.tloa.. po.tpo~at.. co.p~oa1.a.. lDe1ul.aac... v.lv.r.. .ur~.ad.r.. axchaa... and ~.1...... aaj the Undar.lan.d vi11 ~...1a full)' 1iabl. hI~.OA aotvithetaadiq any of ch. for..olacl provid.d. boveval'l thlc tb. Il'aDUIII ' . 0' a r.l.... 0' tb. l11bil1C, bar.UDd.r of la.. thaD all of the UDd.r'11D1d .hal1 ba ,".ctiv. vith rllpaet to the l1abillt, _reuDel.1' of the on. u .r. vho .n .,.dUc.u)' .0 rl1..... but .ball ill DO _, Iff.ct tM 1iabl11cy barlllllder of In, . , lOt .. rel...... 'IhII ....tla u iulpaclt)' of ., of tb. UMerlt.... .hal1 111 ao v.)' . I".ct the l11bi11t)' bftlllllllar of _)' otber of tbe lIIIder.tp... TbII Ullderdan" . , . hlreb, vat".. tbe boIlit of all lad IIOV " tlerMftU' iD .ff.ct ia ., va, l.f.a1t- . 1111 or r..tl'iciUIII tbe l1abWCJ of tha'VllUr..l..... hereua4.r. iDc1udial without . . li8itatio. (a) .U def.... ..t....1I' to tbe Vllderlt...... Uabilit)' hlrellDdar ac.pc Che dd.... of pa,..t. .... OIl lCe_t of tbe triaclpal IOrt'Oftrl. I.i.billtl.. co laak ad tbe VUaI'.1petI'. 11ab1Ut)' IIHlllllder. ... (b) .11 ~i.ht to Itl' of IOCIIC1OII ... .....u.o. of, ,rop.rt, iD an, aoUna to ..'arc. Ch. U.bl11c)' of the Vader.l.... her......r. 6, In ,additioa Co .11 otbu ,UabWCJ of tbe ValIIrlt.... herlllllCler IIIlI DDCV1Ch- , , .tudiq the l181e. 11 ID)'. Ht f.tla ill ,ar'ar'pll 3 hanof. ebe 1Iaden11D1l1 al80 qre.. to pi)' to tIuI ... OIl ..... aU coati ... ..,_. (taeludiq ~"lOIIIb1l . . .ttoI'DI)'" f... .... 1Ipl ..,....) vhull .., '- 1IIctll'l'ICI In the .forc_at of thl 'r1llclpalloalllMr'. Liabll1ti.. to lank or the 111b111C)' of Cb. Uad'l'dan" IMr.tIlId.r. " , CVAIAIftT -3- . , . '~ c' . :7. It .ny 01 the Princip.l lorrover'. L1Ib1~1tie. to IIDk 11 not duly perlora". locludioa the ,roapt pl,alnt vheq due 01 laY .-aunt plyebll therlOn. III of the 'r1nc~pl1 lorrower'. Lilb11itiel to laok, lball. It the IIDk'.'optioo. b. d..... to b~ forthwith d~. Ill. pe,.lbl\l for thl purpal" of thi. CUlr_oty IIlIl tM . liability of tb. UDderl1ln" herlUA..c. . Ia the ev.ot tbat 10" ,rac'''1DI \IAll.r tb. ballkruptq or u, otbar lav. aov or blruft.r 10 effact for till r.lia! 'of ..bto~. ia IU.. by or ...iII.t tb. , , ' ,- . hlDcipa1lorroverl or for ID Ippo1Ac:.at of a r.cily.r for tM h1Adpal Iorraver or la' of it. prop.rt~ or if tile "~rOllIr .hal1 uu IA ..Ii~t for the bluUt of cr..itor. or .ball .1ICODtlaue 1IuI:lIIu. or bac.. 1DIal'll1lt. all .' . . . " .- Ulbi1iti.. of the hlllcl,al Iorr_ .haU. for tile pupa.. of thi. Guarlat,.. at tM lukl. I1Ictioa. 1111:_ s..4iaW, ~ .... ,.,allla. .. 'IbI UllUlli.... llere" In...J ClU, aut_1I..... I-r. lIlY .ttona,. of ID, court of rlCCi" to ..,eu for ... coat... jllll...t thereh _..wt tha Vad.t.i..... or u, of t..... for tile _t for wlW:h tha UadarlipM _" be or bac_ liabl. to IIDk .... th1a euarIDc, .. nUlIICIlI bJ .. .ffUnit .i.... b,lD officer of tha ... ..ttiq lorth the JtIC .ua. ,111I 151 thlrlOJI but 110 1... tbID "00. II .. .ttorMJ'. c:-t..ioal vith colt. of IUlt. rllu.. of .nore, IU vithout ript of 1,,1&1. If. CO" blreof. ..r1fW bJ ID affUavit. 111I11 ba.. b.. Ul.. la ,..i. prOc"'iql it .IIIU IIOt, be olca...r, to fill tha orilWl .. 'I vanut of IttOnla1. ft. Uu.re1p" v.i... the rilbt of Ill" Itl' of _utio. .... th. 1IIufit of 111 ....,tioll law'. nOlI or baruft.~ 10 efflCt, No liql. ...rd.. of the for'loilll v.rrlot .nIl paver'to conI... 'judl- "Dt .haU b. ...... to lIlb.ut tb. powr. vh.ther or DOt .n,. IUcb e..rei.. , . QUAIAN'l'Y - .. - " I I , I I , . . , ",-' ~, ',.:''; (. ~ball bl hlld b, an, courc 'to bl Laval1d, yo1dabll, O~ void, buc the pov'~ ....11 cOlltill~1 UIldWll1.ba4 IDlI .., ba ..Ird... f~.. t1M Co t1lll I' ofta al tbl lallk lhaU IlIct. UIItU all IUU pa,abl1 o~ that .., blc_ pay.bl1 b~ tbl UUUI1pa4 baVI baa ,aU ill fu11. t. 10 loa. .. tbl 'riodpallonCIVII'" IJ.ab111til. to IIDk baya IIOC blan 'lid io full. DO 'IJlllllt' by tba UIIII..1pa4'puuuaat co ~ba p~oY1I101ll benof .hall \ qUCll tbl Guard"',' b, IUbl'Opt1oll to CM rtabtl of till ..It t;lr otblrvtll. to IllY ,I,...t by CIlI h1llc1..1 Jonoval' 01' out It! CM ,raplrt, of CIII tr1lU:1,al '.. , . "~CIVI~ . lO~ A lubll4uat par-CJ bJ the 1JlIIIi~lipe4 01' a, otllll' IUIl'utor ~f till . hiac1,al "~OVII"I LilbWtiea to IaU .baU aIIt H ...... to H 10 1111I o,f , , O~ to I\IPlraldl 01' ten1uu tbta lUI~aCJ wt .ba11 be COIIIti'UM .. III IlIUUoul , ' 01' lupp1_tary .-raCy -'... OtbarvUI .,nuIJ pnyUld thal'ISIII aa4 10 .' . thl IY..t till Ua4udpad or UlJ' othl~ parutol' ~ Ii"- to ChI 1IIIk, I ,~IY1OUI aUl~antJ 01' aurui:i.., thi. lUI~utJ .baU be CftIeruad to be u lddiCioaal o~ .upp~tary 'parUC71 .... DOC to be 1a Ueu tbal'lOf 01' to tln1aatl lveb , , . , , p~_1oua .varuc, 01' par_tia walu. ~I'II.IJ 10 praridld bereta. . , U. Th. Iaak lba11 hlft I 1_ cna thl COIleilau1a. lIC1II'it, SIIelr..t 1a all tOUR- MOca, doc....ca. HCUI'it1u, cull, pllpII'tJ ... tba ,roc.. of 0' of till , ' fOrAlOill. .... ., the VIllard.... 01' ill Vbicb cba Ua4lraip" bu . 1nten.t. wbicb DOV or barufcar ara at la' CIM :1a polHllicna or cooC~ol of lallk o~ ill Cr..it by ..11 or c.. to or trOll IaU 01' 10 till poIH.I1011 of .IlY chird parcy . , . actSll.cna blball ,of, Chi Iaak. vitbaut nprtl to vbaCbal' Chi IIU' ~Icll,," thl UM ill ,lld,ll fol' ..,.llaapSll., al alllle for coU.cC1cna o~ t~au.1.lloll o~ . otbarvial or wh.tber Ink bad cOllllitioaaUy r.1..... Chi ._. all of vh1cb .hall Ie III ti... cOllltiCut. aUiC1oaa1 '1C~1ty for chi ob11"C1olll UDd.nakln by chi IIIldlra11111d IIIIdlr CNI Gvarlllcy. GUAIAHTY - , - .' I' , I , ,\ -. 1 , . , I '.., , , I , , '.. ;. . ~ "\f\ " ~ ) ! (,' . . lCopr PNC BANK, N ,A., Plaintiff IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW v. DENNIS THEODORATOS AND ZOE THEODORATOS Defendants / . c.o 01 ) ~":7"" ::. : I"~ I . . -: ~/,.. . RELEASE FROM LIEN OF JUDGMENT ~/~: ::: ;: .." ~ ;.~ '" :' GJ -I -" FOR VALUE RECEIVED, the hereinafter tract of land is h~ebr;.: .. o released, exonerated and discharged from the lien, operation an~ NO. 95-2081 (, 95-2080 effect of the aforesaid judgment: ALL THAT CERTAIN lot or piece of ground, lying and situate in the Township of Silver Spring, County of Cumberland, and Commonwealth of Pennsylvania, more particularly described in the Final Subdivision Plan of Rich Valley Manor prepared by Whittock-Hartman and recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in Plan Book 57, Page 109. BEGINNING at a point on the Southwestern right-of-way line of Rich Valley Road, said point being referenced and located the following four (4) courses and distances from the intersection of the Southwestern right-of-way line of Rich Valley Road and the Eastern right-of-way line of Northwatch Lane: 1) By a curve curving to the right, having a radius of 1,865.08 feet, an arc length of 359.92 feet to a point; thence 2) South 44 degrees 49 minutes 30 seconds East a distance of 269.88 feet to a point; thence 3) North 45 degrees 10 minutes 30 seconds East a distance of 15.00 feet to a point; thence 4) distance thence South 44 degrees 49 minutes 30 seconds East a of 225.00 feet to the point of beginning; from said point of beginning along the Southwestern right-of-way line of Rich Valley Road South 44 degrees 49 minutes 30 seconds East a distance of 601.28 feet to a point at the property line between Lots No. 22 and 23 of the "Final Subdivision Plan of 28 Lots - RICH VALLEY MANOR, Silver Spring Township, Cumberland County, Pennsylvania"; thence along said property line of Lots No. 22 and 23 South 69 degrees 37 minutes 08 seconds West a distance of 362.49 feet to a point at the ~ property line between Lots No. 22, 23, 24, and 25 of the aforementioned plan; thence along Lot No. 25 North 44 degrees 45 minutes 31 seconds West a distance of 428.91 feet to a point at the property line between Lots No. 21, 22, 25 and 26 of the aforementioned plan; thence along Lot No. 21 North 40 degrees 17 minutes 28 seconds East a distance of 330.26 feet to a point, the point of beginning. Said lot containing 169,870.93 square feet or 3.8997 acres. ALL of that land situate in Silver spring Township, containing 169,870.93 square feet or 3.8997 acres and being shown as Lot #22 on the Final Plan of Lots of Rich Valley Manor prepared by Whittock-Hartman Engineers on November 15, 1988, Drawing No. S-87-15 and being subject to a reserved area for the extension of Northwatch Lane to land now or late of Max C. Hempt, along the Southern property Line, should it ever be required. urmER AND SUBJECT to conditions and restrictions of record, BEING the same premises which Garland Homes, Inc., by deed dated August 18, 1992, and recorded August 19, 1992, in Deed Book Volume 35 V 510, in the Office of the Recorder of Deeds in and for Cumberland county, pennsylvania, granted and conveyed unto Dennis Theodoratos and Zoe D. Theodoratos. WITNESS our hand and seals this p..b day of August, 1996. ATTEST: r _,_C-~ f:L_ - Q A~.:Wecretary , PNC BAN~~A' ~~~e: ~~' ~ Title: VI '~5 - 2 - ("0 ,.., S VI n .,~ '" I t.. ~ . ) \TI .' :'." l:l9 '1 .' ..1 I '<) ) ~: J"J i :' ~ ,J ., J :u .JIll -- r" ~ 0> .J #- .~.~ ~~ ~~ -t )J '" ~ I.J -.(I ~ .::.:.;.. 7 ~~ ('7 \ v. IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA CIVIL ACTION - LAW PNC BANK, N.l\., plaintiff DENNIS THEODORATOS AND ZOE THEODORATOS Defendants / NO. 95-2061 /', 95-2080 RELEASE FROM LIEN OF JUDGMENT FOR VALUE RECEIVED, the hereinafter tract of land is hereby released, exonerated and discharged from the lien, operation and effect of the aforesaid jUdgment: ALL THAT CERTAIN lot or piece of ground, lying and situate in the Township of Silver Spring, County of Cumberland, and Commonwealth of Pennsylvania, more particularly described in the Final subdivision Plan of Rich Valley Manor prepared by Whittock-Hartman and recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in plan Book 57, Page 109. BEGINNING at a point on the Southwestern right-of-way line of Rich Valley Road, said point being referenced and located the following four (4) courses and distances from the intersection of the Southwestern right-of-way line of Rich Valley Road and the Eastern right-of-way line of Northwatch Lane: 1) By a curve curving to the right, having a radius of 1,665,06 feet, an arc length of 359.92 feet to a point; thence 2) South 44 degrees 49 minutes 30 seconds East a distance of 269.66 feet to a point; thence 3) North 45 degrees 10 minutes 30 seconds East a distance of 15,00 feet to a point; thence 4) distance thence south 44 degrees 49 minutes 30 seconds East a of 225.00 feet to the point of beginning; \ from said point of beginning along the Southwestern right-of-way line of Rich Valley Road South 44 degrees 49 minutes 30 seconds East a distance of 601.28 feet to a point at the property line between Lots No. 22 and 23 of the "Final Subdivision Plan of 28 Lots - RICH VALLEY MANOR, Silver Spring Township, Cumberland County, Pennsylvania"; thence along said property line of Lots No. 22 and 23 South 69 degrees 37 minutes 08 seconds West a distance of 362.49 feet to a point at the property line between Lots No. 22, 23, 24, and 25 of the aforementioned plan; thence along Lot No. 25 North 44 degrees 45 minutes 31 seconds West a distance of 428,91 feet to a point at the property line between Lots No. 21, 22, 25 and 26 of the aforementioned plan; thence along Lot No. 21 North 40 degrees 17 minutes 28 seconds East a distance of 330.26 feet to a point, the point of beginning. Said lot containing 169,870,93 square feet or 3.8997 acres. ALL of that land situate in Silver Spring Township, containing 169,870.93 square feet or 3,8997 acres and being shown as Lot #22 on the Final Plan of Lots of Rich Valley Manor prepared by Whittock-Hartman Engineers on November 15, 1988, Drawing No. S-87-15 and being subject to a reserved area for the extension of Northwatch Lane to land now or late of Max C. Hempt, along the Southern Property Line, should it ever be required, UNDER AND SUBJECT to conditions and restrictions of record. BEING the same premises which Garland Homes, Inc., by deed dated August 18, 1992, and recorded August 19, 1992, in Deed Book Volume 35 V 510, in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, granted and conveyed unto Dennis Theodoratos and Zoe D, Theodoratos, WITNESS our hand and seals this f)b day of August, 1996. ATTEST: D,,-S: l,) II ilj I ,j~,.;\ Secretary ~, ::~ BAN.~~N..l' ~~ Name: ,,~~ t~~,~,f Title: i1le~ 4"s - 2 - . (') .n ( u' n :' 0" -~ ' ,.... I~) t:-!. .',~ :~1~ .{;.l. 1'.) l.,' ~ ,-, " (".1 ,~~~ . )c ~.... I ~, , ,-Il , )- 't J.... ~ -of) ""il 'n ,.1 <.::t: t:" ,-I '. ,,.j ~J-l $ ..... \I- () 4: /ol ~ VI 1 vi 0 J --- ~_." ...~ ....,::' .,-