HomeMy WebLinkAbout95-02619
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I am executing thin
Pro~iaaory Note for
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A, I UNDER5TAND TlMT THE NOTE CONTAINS A CONFl,BSION O~ JUUGMENT l'I10VIBION HiAT 'NOtA.U PW1MIT l/!NOER TO ~NTEI1
JUDGMENT AGAINST ME IN COURT, AFTER A DEfAtA.T ON Till, NOTE, WITIIOUT AIlVANCE NOTICE to ME AND wmiOUT O~~ERlNO
ME AN OPPOI1TUNITV TO DEFEND AGAINST T1t~_ EN1I1Y or JUIlGMENl ,N rXf.'ClJTING TIlE NOTE, UEINO ~UI.L v AWARE 01' MV
I1IGtiTB TO AUYANCE NOTICE ANU TO A IIEAHlNG TO CONTEST TIlE VA,IIJ1lY or ANY JUIlGMI,NT on 01lml1 a.AlMS TltAT LENIlEIl
MAY ASSEnT M.A.lNRT ME LJNOr:ll lHr N01!'", I AM KNOWjtHil Y, HIlIIII(il Hll v, MHl VOl WHMlIl Y W/l.IVING 1IlUiE I1IGIIlG.
INCLUDING ANY HIGHT ro ADYANCE NOTICE or 1111' rN1IlY or JUIHiMIt/l, ANIl I IXI'IU'SBLV AUIIIE ANIl CONSENT 10 LENIlW'S
I~TEI1ING JUIlGMENT AGMltST ME UV CONrESSION AS PlIlIVIIlHl IlIlllN IlII CONIISSION 01' JUUGMI'Nl l'1I0VISION, INITIALS.
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IJ, I I'UJIIIIEIl UNDEJ!STANIl THAT IN AIJUITION 10 GIY,NG IENIlIt. 1111 IIIG1n 10 IN1EIl JUllGMLNI AGAINST 1.01 WITlIOUl
ADVANCE NOT,CE OJ! A IIEAllING, lifE CONFESSION or "UllGMINI 1'1l0VIS,IJN IN 111/ NOll' AlSO CONTAINS LANGUAGI' 1IIAl
WOULD 1'1'11 1.0 IT IENlll'fl, Al'lI,11 ENlIlV 01' JUDGMENT, AGAIN WITHOUT ,,111/ II AIlVANCI NOllcr 011 A HEAllING, 10 DECUlT ON
TilE JUDGMENT IlV 1'0l1ECL051NG UPON, ~nACHING, lEVYING ON, I ^KINCi flOSSLS510N or 011 OTlll'IIWISE SElliNG MY
PI10PEI11Y, IN FULL OI1I'MHlAl PAVMENT O~ TIlE JUIlGMI:Nl IN UIl:'JIING 1111 NOlI', IIEING rUllV AWAIIE or MV IIIGIIT5 10
ADVANCE NOTICE AND A liEARlNG AnE~ JUDGMENT 15 EN11:I1I'il AN.! 11110111 I XI'ClIIION ON TilE JUDGMENT, I AM KNOWINGL V,
INTFl.L1GENTI, Y AND VOLUNT AHlL V WAIYING TIlESI' I1IGIITS, AND I I XI'/l1 ~;~;I Y Millll ANIl CONSENT 1'0 lENDr:n'S IMMEDIA IEL V
EJ<EClITING ON THE JUDGMEtH,IN ANV MANNEIIPEIlMlrTlllllY AfI!'IIOIHI 51 All' Mill ITllEIlAL LAW, WITtlOUT GIVING ME ANV
MIVANcr NO"CL 'NITlAl~'
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C A/'TEIl /I^YING III:AD AND DI:TEI1MINt:1l WIIICII or 'III 1'011 OWIN(i ~; T A IIMIN' 6 MIl' API'LICABLE, ANll UV PLACING MY
INITIALS NOllO EACIISTATt:MENT WIIICII APPLIES, I IIEI'II1:5ENT ll1A1
INITIAlS
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. I WAS I1El'l1ESENll'O BV MV OWN INOEPENDENIlHiAI COUNSFI IN CONNECTION WITlI Till' NOTE,
1 A I1EPlIlSENT MIVE OF LENDEn SPECI~ICAlL v CM 11111111 COtllTSSION or JUDGMENT pnOVISION IN nm NOTE TO
MY AIllNTlON
LJ I (1.11111 Y TlI^1 MV ^NNUAl. INCOME EXCEEllS $10,000, IIIAI 1111 III ^NKS IN III1~i D1SClO~lIIll WEill' FILLED IN WilEN I
INITIAl I'll ANIl SIGNILJ II, ^Nll TIIAIIIlI:CEIVI'Il A COPY AlII" 111.01 01 S/{iNINIi
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I 81n1!)(l9cut:in9 thia .12i\.dIlY of ~n1A',b:"_----_.'- _' 192.f.', a "1.
Promissory Notl! for '-:'~I..lh!..l-~Ud.. .;o,'~ /I('(I~ '11~.!:.:ff,' al,re, /1-c:::sL.,
_ __.l_u.._- obi t'llltln'1 1110 '0 r.epay l: lat: fJmOUnt:.
A, I UNDERSTAND fllAT TilE NOTE CONTAINS A CONFES510N OF JUDGMENT PROVISION TllAT WOlA.D PfllMIT LENDER TO l!NTI!Jl
JUDGMfNT MAIN5T ME IN COURT, AFTER A UEFAlA.T ON TIlE NOTE, WITIIOUT AIIV~NCE NOTICE !O ME fJ/D wmlour OFFERINO
M~ AN OPPORTUNITY TO DEFEND AOAIN5T litE ENTIlY 01' JUllGMENI IN I'~ECUTl/IG Tile NOTE, DEING FlAJ.Y AWARE OF MY
R!Oln5 10 ADV~Ncn NOTICE ~ND TO A liE.lIlING TO CONTEGr 1'1 IF VM IIl1l Y or ANY JUDGMENT 011 OTlIEIl CLAIMS TltAT LENDER
MAY ~5omT AGAIN5T ME UNDER Tile NOH:, I "M MIOWINGl.Y, INHlLlOI'NlI.Y, Mill VOLUNTM11LY W"IVINO lIIESE IlIGIIT5,
INeLUlllNG "NY IUGIIT TO ~DV^NCE NOTICE 01' TlU, "NIIlY or ,IIJITGMINI, "Nl) I I, )PIU'o5L Y AOITEE ~Nll CON5ENT TO LENDER'S
IWTI'RlNG ,)UDGM"Nr MiMNoT ME DY CONI'''551011 "5 PIIOVIlJUI Hlll'N IIU' COI/I,,"510N 01' JlIllGMFNT 1'1l0V1510N, INITlN-5:
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I), I fUIITIIEIlllWIER6T^NO Tlt"T IN MlIllTION TO OIVIII(i LENlJl'1l 1111 III(jln ll) rNII'Il JUIlGMENT "G"INST M" WITlIOUT
"OV^NCE NOTICE all " IIEM11110, TIfE CONfEU510N OF JUDOMENI l'II<1VISION III 1111 NOlE N.50 CONTAIN6 L"NGl)AGE TlMT
WOUUI PEIlMI1 LENDEIl, "fTEll ENTiW 01' JUIlGMENr, "GAIN WITIIOl/II'"I1,1l ADV"NCE 1I01lCE 011" IIEMUNG, TO EXECUTE ON
TilE JUDGMEIII DY fOllECL051NG UPON, ArT"CIIIN<I, I.EVYING ON, /AKINO 1'05S[5610N 01' 011 OTlIEIIWI5E SElliNG MY
1'110PERlY, IN FUlL 011I'AI111N-I'AYMENT Of lllE JUllGMI'IIl, III LXlCl'IIN(j 1111 NOI[, IIEING FUlLY AWAIlE OF MY I1IGlnS lO
"DV"NCE NOTICE ~ND A IIEAI1ING "FTEI1 JUDGMENT IS I'NII'IlEIJ "ND III I 0111' I )I'CIHlON ON THE JIJllGMENr, I "M KNOWINGI.Y,
INTEI.LIGEN'I. Y "liD VOLUNT,.,lIL Y WAIVING TIIESE 111 GillS, "Nll I IYI'III SSI Y AGIllI' ^Nll CONSENT TO LENDEI1'S IMMEDlATEL Y
OEC1I1IN<I ON 1111' JUDGME/II, IN ANY MANN Ell PEIlMITl EllIlY M'l'l '0'11' S I AII' "NI) ITllEllAL LAW, WITIIOUT GIVING ME "NY
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C. "FlEIl II"VING RI'''O ~ND DETERMINED WIIICII OF TIlE FOI.LOW'Nr. :i I A I LMrNI 5 M1E "1'1'L1CAllLE, AND DY PlACING MY
INIr/"L5 Nno TO E"CIl61"TEMENT WIUCIi AIII'lIE5, IIlEPI1ESENI 111M
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I I W"S I1EI'RE5ENTEO DY MY OWN INllEPENDENT LEG"L COIlNSI'I IN CONNECTION WITII TIlE NOTE.
l A IlfI'IlESENt"TlVE OF LENDEI1SPECIFICN-L Y CALII'll 1111 CllNl'rSSION or JUDGMENT PROVISION IN THE NOTE TO
MY"TTlNTION
Il I (WIllY 1111<1 MY ~NNUN. INCOME EXCEEDS 110,000, TII") 1111' III "NKS IN 11115 IJlSCl.USlII1E WERE fll,LED IN WHEN I
INITI"I H) "Nil S,<ONIIl", ~Nll III"T II1I'CEIVW A COl'Y 1<1 1IiI' TlMI 01 ';'@IN<>
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SUBORDINATION ~aRE~ME~T
KNOWN ALL MEN BY 'I'HEBE PRESENTS 'rHAT Riohard II, Swartz and
Mary L. swartz, on tho 12th day of May, 1995, for valuable
oonsidaration, the reoeipt wheruof is hereby acknowledged, have
oovenanted, promised and agreed, and do hereby covenant, promise
and agree for themselveo, their heirs and assign~ that the lien of
the jUdgment dated May 12, 1995, held by Richard H. Swartz ann Mary
L. Swartz in the amount of $25,000.00, entered dq'linst Fred E,
Jumper and Cheryl L. Jumper, in the court of Common Pleas,
Cumberland County, Pennsylvania to No.~, Civil 19~5, shall bo
postponed in favor of and made subsequent to a Mortgage dated
May 12, 1995, held by Meridian Bank in the amount of. One Hundred
Ninety-Two Thousand Dollars ($192,000.00) entered u'Jainst Fred E.
Jumper and Cheryl L. Jumper in the Off ieu of the R'!<:OI:der of Deeds,
in and for Cumberland county, pennsylvanill in Mortgd'Je Book _
, Page
It i9 further agreed that the said SUbordination of Lien by
Richard H. S'..artz and Mary L. Swartz alia 11 in a 11 respects be and
be deemed to be second in priority and subordinate to the Mortgage
held by Meridian Bank dated May 12, 1995.
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