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HomeMy WebLinkAbout95-03049 .f - 7'LJ q S- - 3 U '11 cWt( T.vv~ Mortgage Note June 5, 1994 Carlisle, PA ror Value Reaeiv.d, TIHA M. BToUrrIR, of B1B Greenspring Road, Newville, Cumberland county, Pennsylvania (hereinafter called "the Undersigned") promises to pay to the order of RAYMOND I. DIIHL and OIHIVIIVI A. DIIHL of 401 Myers Road, Boiling springs, Cumberland county, Pennsylvania 17007, their heirs or assigns, in lawful money of the United States of America, the sum of THIRTY-FOUR THOUSAND ($34,000.00) DOLLARS and any additional moneys loaned or advanced by any holder hereof as hereinafter provided, as follows: $34,000.00 Interest will be charged on any unpaid principal until the full amount of principal has been paid. I will pay interest at the rate of TWELVE AND ONE-HALF (12.5\) PERCENT simple interest per annum from date hereof. I will pay principal and interest by making payments every month. I will make my payment on the first day of each month beginning July 1, 1995. My monthly payments will be applied to interest before principal. If on June 1, 2000 I still owe amounts under this Note, I will pay those amounts in full on that date, which is called the maturity date. I will make my payments to RAYMOMD I. DIIHL and OI.IVIIVI A, DI'.L at 401 Myers Road, Boiling springs, Pennsylvania 17007 or at a different place if required by Note Holder. My monthly principal and interest payment will be FOUR HUNDRED NINETEEN AND 06/100 ($419.06) DOLLARS. I have the right to make payments of principal at anytime before they are due. A payment of principal only is known as a "prepayment". I may make a full prepayment or partial prepayment without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount of principal I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes. This Note shall evidence and be security for any future loans or advances that may be made to or on behalf of the Undersigned by any holder hereof at any time or times hereafter and intended by the Undersigned and the then holder to be so evidenced and secured, as well as any sums paid by any holder hereof pursuant to the terms of a Mortgage of even date herewith made by BRIAN W. BATCHELDER and CHRISTINE S. BATCHELDER, and any such loans, advances or payments shall be added to and shall bear interest at the same rate as the principal debt. I .w.IlUIAJIMI411"ll'1t"'I~'n If I do not pay the full amount of each monthly payment on the date it is due, I will be in default. In case default be made for the space of thirty (30) days in the payment of any installment of principal or interest, or in the performance by the Undersigned of any of the other obligations of this Note or said Mortgage, the entire unpaid balance of the principal debt, additional loans or advances and all other sums paid by any holder hereof to or on behalf of the undersigned pursuant to the terms of this Note or said Mortgage, together with unpaid interest thereon, shall at the option of the holder and without notice become immediately due and payable, and one or more executions may forthwith issue on any judgment or judgments obtained by virtue hereof; and no failure on the part of any holder hereof to exercise any of the rights hereunder shall be deemed a waiver of any such rights or of any default hereunder. The Undersigned hereby empowers any attorney, or any employee of any court of record within the United states of America to appear TODAY for and on behalf of the Undersigned and, with or without complaint filed, confess judgment. or a series of jUdgments, against the Undersigned in favor of any holder hereof, as of any term, for the unpaid balance of the principal debt, additional loans or advances and all other sums paid by the holder hereof to or on behalf of the Undersigned pursuant to the terms of this Note or said Mortgage, together with unpaid interest thereon, cost of suit and an attorney's commission for collection of ten per cent (10%) of the total indebtedness or Five Hundred ($500.00) Dollars, whichever is the larger amount, on which judgment or judgments one or more executions may issue forthwith upon failure to comply with any of the terms and conditions of this Note or said Mortgage. The Undersigned hereby forever waives and releases all errors in said proceedings, waives stay of execution, the right of inquisition and extension of time of payment, agrees to condemnation of any property levied upon by virtue of any such execution, and waivee all exemptions from levy and sale of any property that now is or hereafter may be exempted by law. This note is being given as security for a Mortgage signed by BRIAN W. BATCHELDER AND CHRISTINE S. BATCHELDER. This Note will only be executed upon if BRIAN W. BATCHELDER AND CHRISTINE S. BATCHELDER default on the mortgage referenced herein. This obligation shall bind the Undersigned and the Undersigned's heirs, executors, administrators and assigns, and the benefits hereof shall inure to the payee hereof and its successors and assigns. If this Note is executed by more.than one person, the undertakings and liability of each shall be joint and several. . MIII....U.'...11.....11 1lI1.,'.-n ~ ,. J . This nots is secured by a Mortgage of even date herewith upon real estate described therein. .itn... the due execution hereof the day and year first above written. ~ i fljI T na ,.UUIoUUttJ\ '.~J\"lllhl"lf :I . ~ f . ~ - ~ - ~,~ If) --t:. ~ ~ I . D . ~~ ~ CI\~ ~. ~ . ~ ~~~ ,- ~ ~~ , , t..Jl~ ~\S'. li'. t -;::. Cl"\~ ~ . ~ t~ ~-{ -. ~'1~ r ~ ~ '_.4","_."_" ~ Jio:. r. ~.\t':':- ;!;'t" . .....- . ~~~-