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HomeMy WebLinkAbout95-03151 ~ J -? ~ t ~ UJ , r ./ ~ / " ~ J I I I I - l{) - CV1 I ~ ) it 1I""''''''''"'''''''''~''''~'''";';''''''''~'''''\7.~:t;''''''~'~'~~'' ~ '.'!.. '\i7~fi'iw~!;~1*Y~i?~~1f~'\',' 22~J1if~~',., '0~ .... ,..,.. ".. .. ~_. ~"'.... _:;~~7,~~.,.1"-" ,.1~:;; ..~,_."..../,fIj_'a.. ,...t'.A_W. f.t!E .... '.. <C~ ~.. f.Wl~~'~; 'I.2'r. t,:;_~ . if . . tit Y"" ":l''"', ..r: _'Ii f" .):, '-'is. t _~ <It MARY KATHLEEN EMMET, a minor, by SUZANNE EMMET and MICHAEL P. EMMET, her parents and natural guardians, and SUZANNE EMMET and MICHAEL P. EMMET, in their own right, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ., J I "-/ NO. (,.5 - .) ;) C~IJ. 7~~ Plaintiffs v. ROBERT E. GEORGE and MILLICENT AMES-GEORGE, .;l f.4f /hL St Defendants t\<.6U- M /70:;' ~- I PRAECIPE FOR WRIT OF SUMMONS TO THE PROTHONOTARY: Issue Writ of Summons on Defendants, with service to be accepted as set forth in Waiver of Service and Praecipe for Appearance. Date, ~ q, /11:;- .d:trc< tmnud ;SUZA E EMMET @ JUH 13 8 111 ~II '95 .L wllltl or H'! . !"ON~IAI.. C\lHL! r Ltlil' r" '"II f'[Nh~fl ,I.~A fe#- 1fl1..f- i,-/tJ,sv f\('{!.)//' fn Iff ( )j~ S. CIO M tt~ II..,;.J t{ - ~cJ L( S , ir4l /1/. T(w 1 ~"".-t~ ,~ ~~ #l- ~ 1 s-, s- . lJIt-'5-r'- I }V ~~ I( ~ +- tJ.. ( tJ/tMJ; ) A{ ~ J- (., y g ,).. ..... .- . ....'...-.- ......" \ I .' . 1[';"',""" .iI/>"'; ;P^'~---'~ - " < .__.~.._ .~~;~',i ~ .,-,', -.~ . . No. _~li_:~1~,:L~_!Y!L!!l.El' 19___ -_._-.-----.-----~------------------ Nery Kathleen Emmet, a minor, by Suzanne Emmet and Micheel P. Emmet, her parents and natural guerdians, and Suzanne Emmet and Nicheel P. Emmet, in their own right .. Robert E. George and Millicent Ames-George ------------------------------------ 811mlllllllll In _.______.____CJlyJJL_110Jl__________ Bu.enne Emmet Pro 8e ...___..___.________t_______________ Attorney , 'J i , ".""")p;"'-'~'-"""!':''';',..",.,~~.y~,~,,wil";,., t ; ,. I, . ; i . \' ~ \ ' " " " ;..:! : ,;;.;ji;;'-,-'" - ',- c~. .c' .;\;;;~~:i,:i'" ,~~,c-,~7/~1:_~~i:i'j,'f!'i~_if,;''".;;,c'''"~.~:"'''~-,:~;-... "'- '-..I .......,.. '_i'_~~__""~'" t, -~"!'I'~~V".j-....~.~:J . ' '~,.- .~~: v;. "~'"'' ~~.'.~~'~~~1';-':~1 %"" -~:t~. 1 ';;\"''''~ --'~ -''i{''''~'''''''~'!ti\\~. ~.~~t~i~Wi~J}~;t~:~~~I~tlf~~z~~ } ;..;. ~"'~~.t:t~ .' '~~~?':.1"_. , ' '* ~." '""'. ~-.' ,. MARY KATHLEEN EMMET, a minor, by SUZANNE EMMET and MICHAEL P. EMMET, her parents and natural guardians, and SUZANNE EMMET and MICHAEL P. EMMET, in their own right, IN TilE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA NO. (15- - 315'{ C~.u1 T~ Plaintiffs v. ROBERT E. GEORGE and MILLICENT AMES-GEORGE, Defendants WAIVER OF SERVICE AND APPEARANCE I accept service of the Writ of Summons on behalf of Defendants, consenting to the jurisdiction of the court and waiving service of process. I also hereby appear on behalf of defendants. METZGER, WI & ERB By /R chard B. 0 I Attorney I. . P.O. BOl< 93 Harrisburg, PA 1710a-0093 (717) 238-0187 Datel I.).. , 1995 JUH 13 8 51 ~H '95 ;t;-l}tfICr ur rH, ,i':';HOH~lAhl CU"'bU'''.I'l1 rr'.'i Tl f'r~1I511'1~'1 ,. '_, J ~: . " " !I ',' . I.. ,. ,~ . ';4--:,' ..';....;,1J1',_':>*;-'-:'-.<,~,;,;;,T......'"".~....".',-,.",'.---.~.". \,,''>~.''''~'''-l''IH'''~ MARY KATHLEEN EMMET, a minor, by SUZANNE EMMET and MICHAEL P. EMMET, her parents and natural guardians, and SUZANNE EMMET and MICHAEL P. EMMET, in their own right, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA "- OIl'll It; "'"' n , NO. 9-r ,:1/.~ I Plaintiffs v. ROBERT E. GEORGE and MILLICENT AMES-GEORGE, Defendants AND NOW, thi. ~ day of 1995, upon Approval of Minor'S consideration of the Settlement, it is hereby ordered and decreed that: 1. Suzanne Emmet and Michael P. Emmet, parents of Mary Kathleen Emmet, a minor child, are authorized to accept the structured settlement in the total amount of Sixty-Three Thousand, Eight Hundred Twenty-five Dollars ($63,825) from defendants' insurance carrier in full and complete settlement of any and all claims that the minor child or her parents may have against defendant arising from the injuries received by Mary Kathleen Emmet on December 29, 1993, and are authorized to execute a general release of all claims arising from said accident. 2. Pursuant to the structured settlement agreement, the minor child is to receive a total of Forty Thousand Dollars ($40,000) paid in quarterly amounts of Twenty-five Hundred Dollars ($2,500) for four (4) years, certain and guaranteed, commencing September 30, 2010, and concluding June 30, 2014. 3. The minor child will also receive a guaranteed lump sum payment of Twenty-three Thousand, Eight Hundred Twenty-five Dollars ($23,825) to be paid on or about September 30, 2017. BY THE COURT: J. ,Iu; 9 :J j'. l U '95 oJU IHJ 'II " . "/, Q,1f a(I, (~1 f"HI' .:t.. !MiL r'f/ 't /~ tii6 jUltJ"',.,Jj. injured when Defendant Millicent Ames-George lost control of her vehicle on the ice and the vehicle crossed into the path of the Walker vehicle, striking the Walker vehicle, 5. Mary Kathleen Emmet suffered a fracture of her distal right tibia. She was treated by John S. Rychok, M.D., of the Harrisburg orthopedic Associates. currently, Mary Kathleen Emmet's fracture has totally remodeled, and she has made a full recovery. (~letter dated March 7, 1994, and of f ice notes dated October 31, 1994, of Dr. Rychak attached hereto as Exhibit "A".) 6. Petitioners have negotiated a structured settlement with defendants' insurance carrier ae fol1oWSl (a) Twenty-five Ilundred Dollars ($2,500) paid quarterly for four (4) years, certain and guaranteed, commencing upon the minor's 18th birthday, September 30, 2010, and concluding June 30, 2014; and, (b) Twenty-three Thousand, Eight Hundred Twenty-five Dollars guaranteed lump sum payment on September 30, 2017. (~ structured settlement agreement attached hereto as Exhibit "B". ) 7. The petitioners aver that the settlement is in the best interest of Mary Kathleen Emmet, and that the settlement represents a full and fair settlement of the case, equal to or greater than that which may be obtained should the matter be fully litigated, in this case, where defendants would contest -2- ,-., .-- . .. '.., . ".".; .:..' . '. .' ...,. i ,,1)' .i, ',':'_ i" ",- . ">( . .,,' ..' ':,':',.', .. "',' "'..." , :;;;.,:~r .. . ) ....:, ,'" <:.;:. '.: ;....; , ..~::C\::" " '.' ':.' ,,', ' , <...,' ;\.X'Y;.' >':\f;'" ":~),','.n >' ' ;,"" , ,,;..',. ;"i'.', ...... '. ,", '. ",.' ;:,;,'. ',:: , ',.',". ' . ;" iL.., ' , ;. .. .~':{/..; ,", -.',,'.',".'" , , ;", ',"'':." " '.. .',. ',.' '..,.',. ",' '". ,,'. ';' ." .. :" ',...", ," .', , .'" .,.,,)'.' ,'" ,., c,.. ...'. ':' " ..,.'; 2'.,"...,..,.'..- ; ,'<;. ";,".' ","...., ,. ',,) ': ," c,;', ':' ,,' ." ,.:" ,',',' ::,i;,,', .',';: .... ,,",,-' ,,:' .. " ,,!.' '.':T?:.'.''.' ,', ."'X '; .',' :~..:' . " .',.'.."." "-<;' ,< .. ..:~" ,H~t, "~: '.'," :.. ",.' ., ,', "" ", ".';',' ',' :',." ,."" ';. ',' . " ,:.;n.; ,if"'>'" . " ' , ., ,;. :>...' .".,:,." ',,', '. .,;. . . ", . ,,', ,'c"':'...':,"'. ,', ,,';; ,"" ". ';~,i..,. ,...' , ."."" . . ,'>.'-,..;:~; .;.,:..: ;",';' , " ",..'" ..,..,H, " " ".;~:?:" ' ":..(.'..:...'.~.,.... '. " ,': ,'" '.. ' ",.;. " '.'; .' " ,> "::...:",,:, .':.";;:,',;" '. ,.:' " ,,', .. '-,' ,,';,.' ,."..;'..,,', .."....;..'.~:,;..':>>' c ,,"', .,'" ,.:. ... ;' ,,;. '", ' ';< ,:", ;.' "..' ~::-:. '. ;'," ;,;,,", , :' " ,.:" '. ; ",.,',: .,; ," '. '. <', , ' ,e, '. , ; , ' " : :', ,.',' ",", ,-' " ", ',', ", ,,:,' .'n.'; ;:-",.;," )'.' · ,'c' , , . ',"',:',' '....:': ,', ;, <>;..' : ',;::0'. ",,'.' .'" , Exhibit B . . ~,!,RUCTIlRE!LA~:rTL~!'!!l.N,!,AQRm!ENT WIIEREFORE, TillS AGREE AS FOLLOWS: stJ.- CAY OF r , 1995, Tm; PART! ES IIERETO A. MARY K, EMMETt (hereinafter "Claimant") sholl receive periodic payments as set forth in the Addendum No. I of the Qualified ASSignment, Release and Pledge Agreement which is_.attached hereto, made 0 part hereof and marked Exhibit "A". B. Any periodic payments, designated as guaranteed in the Addendum No. 1 to be made after the death of Claiment pursuant to the terms of the Assignment shall be made to such person os sholl be designated in the Addendum No, 1. If no person is so deSignated, or if the person designated is not living at the time of Claimant's death, such periodic payments shall be made to the Estate of Claimant. C. The Parties hereto acknowledge and agree that MOUNTAIN LAUREL ASSURANCE COMPANY (hereinafter "Assignor") will make a "Qualified Assign- ment" (hereinafter "Assignment") within the meaning or Sections 106 (a)(2) and 130 (c) of the Internal Revenue Code or 19a6, as amended (hereinafter "the Code") to the STRUCTURED SETTLEMENT TRUST (hereinefter "Assignee") of its liability to make said periodic payments as damages on account of personal injury or sickness in a case involving physicel injury or physical sickness. Such Assignmer~ shall be accepted by Claimant without right of rejection and shall completely release and discharge As~ignor from such obligations hereunder as are assigned. Claimant recogni'zes that Assignee shall be the obligor with respect to the obligations assigned, and that all other releases with respect to the periodic payments obligation that per- tain tD the liability of Assignor shall thereupon become rinol, irrevocable and absolute, 04/95 (emmetlz) Pege 1 of 2 , . - \ D, Claimant sholl Ill' 0 "Secllrl'd Port y" of L1w Assignee os defined III the Qualified Asslunment, Helease and Pledge Allrl'ement execlltell between the Assignor and Assignee to effect the asslgllment. The qualified funding asset or assets purchased by the AssIgllee to rund the obligation essumed under the qualiried assignment shall serve as collaterol ror the promise or the Assignee to make such paymellts. Except ror the obligation to provide such collateral, the obligation 01' the Ass!~nee to make such payments shall bo no greater than the obligation of the Assignor to make such payments under this Structured Settlement Agreement, E, Claimant sholl be responsible ror maintaining the currency of her proper mai Ii ng address and mortali ty information to the Assignor or its Assignee, IN WITNESS WHEREOF. and intellding to be legally bound. the undersigned have executed this Structured Settlement Agreement the day and year afore- said, WITNESS: ,~ ary . Emmett. a minor. by her parent and natural guardian, ~UUlnn:f..J::O'\m.e.t IPlme print nr type name.) MOUNTAIN LAUREL ASSURANCE COMPANY BYI_~{J~ Titlel_JA...~~~ 04/95(emmettz) Page 2 of 2 . ' Qualified Assignment, Release and Pledge Agreement Names Trust File Numbers Hary K. Emmetl 98-830-465 "Clalmant.Secured Party or Parties": UAsslgnoru: Houatoin Laurel Assurance Company UAsslgnee-Oebtoru: Structured Settlement Trust "Effective Dateu: ThIs OIIallfled AIslgMIent. Release and Pledge Agreement (the 'Agreemenl") ts made and entel8d Into by and belwllen thGpartles hereto as 01 the Effectlw Date wlth relerenoe to the foUowlng faol8: A. The Assignor Is required to make certain Periodic PaymenlB to or lor the benellt 01 the Clalmant-8ecured Party as stated In Addendum No.1 (the 'Periodic Payments'), pureuanl to a: IJ settlement agreement or release dated IJ court order or Judgmenl dated .19_. _19_. SUch document IhaII be relened to herein as the 'Settlement AgreemenL' The Periodic Payments OllI1Illlute damages on aooount 01 pereonalll1lulY or BIcknea8 In a cue InvoMng physical InjUIY or phylllcallloknesl within the meaning 01 Sections 10.4(1)(2) and 130(0) 01 the Internal Revenue Code 011936. al amended (the 'Code'), B. The parties desire to effect e 'qualilled assignment' within the meaning and subjeotto the conditions 01 Section 130(c) 01 the Code. C. The Assignor desires to assign to the ABalgnes-Debtor the Asslgno~8 liability 10 make the Periodic Paymente and the Assignee-Debtor desires to aocept such assignment. D. The Assignee-Debtor desires to make the Clslmant.Secured Party a secured credllor with respect to the Asslgnee.Debto~s obllgeUon to make the Periodic Payments, QAR&PA-Page 1 712/93 NOW, TIlEREFORE, In considoration 01 tho f%going and othor good and voluoblo considoro\lon, tho pMios ogloo os lollows: I, Tho Assignor horeby osslgns ond Iho Asslgnoo-Debtor hereby ossumos 011 0' the ^ssigno~s liability to mako tho Poriodlc Payments. Tho Asslgnoo.Dobtor assumas no liability 10 mako any paymont not spoclfled In Addondum No.1, Tho Clalrnont.Becured Party horoby accepls Iho Asslgnoo-Dobto~s assumption ollho Assignor's liability to mako tho Poriodlc Paymonts and theroloro roloasos the Assignor '10m all such lIabllily. 2, The Asslgnoe.Deblo~s liability to mako tha Pariodlc Paymonts Is no grootor than thet 01 the Assignor Immedlotoly procodlng this Agreomont. Nono of Iho Poriodlc Payments may bo accalerated, deferred, Increased or decroased, nor may any of thom bo anticipated, sold, assigned or encumborod. . , 3, The obligation assumed by Assignee-Debtor wilh raspoct to any required Periodlo Payment shall be discharged upon the mailing, on o. before the due dato of such Periodio Payment, of 0 valid chock In the amount of such Periodlo Payment, to (a) the addross of the Clalmant.socurud Party os setlorth In Addendum No.1 of this Agreemenl or as designated from tlme to tlma by the Clalment-8eourud Party In a written notloe to the Assignee-Debtor. provlded, however, that II a Payee Is spec/fied on Addendum No, 1, such check shall be sent to the address of such Payee as set forth on Addendum No, 1 or as designated lrom time to time by such Payee 10 0 wrillen notice to the Asslgnee-Debtor, or (b) 10 any SUC08ssor, assign or substnute payee 88 may be designated by a court 01 competent jurisdiction, 4, Aller the death 01 Che Clalmonl-secunKl Party, any mmalnlng Periodic Paymenla shall be made as scheduled 10 the Beneficiary dallgl1lled In Addendum No, 1, or 88 later designated In wrttIng by Ihe Clalmant-8eoured Party. A change mOlt be aooeptable to Asalgnee-Oeblor, and Ia .ubject Co any paymenl made or action taken by Asslgnee.lJebtor prior to aooeptanoe. If Ihem Is no Beneflclary named or living, the mmalnlng Periodic Payments will be pald Co the Clalmant-8ecured Party'1 estate. 6. The Asslgnee.oebto~1 liability 10 make the Periodic Payments shall oontlnue without diminution mgardless of any bankruptcy or Insolvency 01 the Assignor_ 6. The Assignee-Debtor hereby pledgel and granla a oontlnulng and per1ected security Intemll In all 01 the Asslgnee-Oebto~1 I1ght, tltle and Interest In the property lilted In Addendum No.2, whether now owned or herealler eoqulnKl (such property, together with the prooeede thereof, axcept 88 otherwlse provtded In Section 6 hereof, hereinafter mletred to al the "Collate"'") to the Claimant. Seoumd Party In order to locum the obligation 01 the Assignee-Debtor to make the Parlodlc Payments; provided, however, the CIalment.Socumd Party'1 rights In the Collateml am lubject to the tenne 01 SectIon 1001 this Agreement. The Assignee-Debtor shell notify Harris Trull and Savings Bank, 111 W. Monroe, Chicago, IL 60690, the Asslgnee-oebto~s "flnanclal Intennedlary" (os that term Is dellned In the Unlfonn Commerolal Code as In elleol In Illinois) with respoct to the Collateral, ollhe socurity Interest granled to Clalmant.Securud Party hereunder. Should any suooossor "flnsoclallntermedlary" be named. the Assignee-Debtor shall be responsible for notifying the Claimant-Secured Party. The property IIstod on Addendum No, 2 may be aoqulred aher the Elfoctlve Date, 7, For purposes of thla Agroemont, 'Evenl 01 Defaull' moans tho failure to make any Periodlo Payment whon duo and the oontlnuence of such lallure lor 30 days oller wrillen notice via certllled msll 01 suoh lellure to the Asslgnoo,Dobto.lrom Ihe Clalmant.Booured Party, QAA&PA-Poge :1 712193 I., . , O. So long os no L:vont 01 Ooloull shell hove occurrod ond bo conlinuing, 011 rights 01 ownorshlp and control with rospoctto tho Coltotornl shall bo and romoln vostod Inlho Asslgnoo.Dobtor, who sholl rotoln tho right to o~orclso olt powers of ownorshlp portolnlng to tho Collotnrol for 011 purposes nol Inconslstont wllh Iho lonns of Ihls Agroemonl, end tho Asslgneo.Debtor sholl bo onlltiod 10 rocolvo and roteln 011 poymonls ond procoods with rospoctto tho Collalornl, 0, In Iho oventlhat on Event of Dofoull shall hove occurred and 00 conllnulng, tho Cloimont-Socured Party shall havo 011 of tho rights ond remodlos wllh rospectto the Collatorsl of a socursd poriy undor tho Unlfonn Commorclol Codo as In offoct In illinois (regardless 01 whother tho Unllonn Commorclal Code Is In elloct In the jurisdiction In which tho righls end remodlos are ossertod). 10, Tho Claimant-Secured Party acknowlodges: . (0) that Asslgnee.Debtor may have gmntod, and may In Ihe futuro grant, oddillonal socurity Interests In any of the Collatomlto persons other than Clalmant-Secumd Party pursuant to decuments substantially similar to this Agreoment, and (b) that, regardless of the time of etlachment or perfoc\ion of the security Interest in the Collateral gmnted hereundor end the time 01 allochment or perfection of any security Interest In any of the Collatoml granted to any other person, the socurity Intorest granted hereunder. (I) will hove no prfority over any othor security Interest gmnted or to be gmnted In any of the Collatoral, and (II) will rank equally wllh, and will be Darf oassu Wllh, 011 other security Interasla gmnted or to be gmnted In any 01 the Collateral, The Asslgnee-Debtor repmsenla and covenants that the tolol amount of the present value 01 the Collateral Is not and will not be at any time less thai the present value oflhe aggregate amount 01 the Asslgnee-Debto~8 lIabllllles that are secured by liens on the Collateral. 11, The AssignetH>eblor represenls that the Collateral consists of 'qualified funding 8S8els' In Ihe fonn of obIigatlons of the Unlled 61ste3, wtIhIn the meaning of 8ectIon 'SO(d) ollhe Code. ,2. The Asslgnee-Delllor may hove payments wlth respoc\ to the Collateral senl directly to Ihe Clalmant-secured Party or to any payee designated In aocordanoe wlth Seotion 4 hereof. Such direotlon 01 payments Ihall be IOlely for the Asslgnee.l)ebto~s convenlenoe and shall not provtde the Clalmant-secured Party or any peyee wlth any rights 01 ownership or oontrol over the Collateral In addlllon to those lOt forth herein, 13, The Asslgnee..oebtor makes no represenlolion8 with respect to the tax consequences of this Agreement. , 4. In Ihe event the Settlement Agreement Is declared terminated by e court of competent jurisdiction or In the event that Section 130(0) of the Code has not been satisfied, (a) the Asslgnee-Cebtor shall then pay to the Assignor the present valua (as reasonably detennlned by the Asslgnee-Cebto.) of the 'Periodic Payments' listed on Addendum No.2" (b) the Asslgnee-Debto~s liability for the Perfodlc Payments shalltennlnate, (0) the Claimant-Secured Party's security Interest In the quallflod funding assels shelltennlnate, and (d) this Agreement shalltennlnato, QAR&PA-Page 3 712/93 :::$ f. (,) .. ~~ ~w:J:"'! - lI!t;;l'" I.l.I r.' CO' i ~t"' ,," ~~ ~~~ 0) ._.ua: .. 'fJ ~_,.,()~l ~h.n ).. .._~_ ~, Iwt b: ~~ ;! -:1'" t1i ... Z " ~ ~ ......... "0 ~ , MARY KATHLEEN EMMET, a minor, by SUZANNE EMMET and MICHAEL P. EMMET, her parents and natural guardians, and SUZANNE EMMET and MICHAEL P. EMMET, in their own right, IN TilE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiffs NO. 95-3151 CIVIL TERM v. ROBERT E. GEORGE and MILLICENT AMES-GEORGE, Defendants PRAECIPE TO SETTLE. DISCONTINUB, AND END TO THE PROTHONOTARY: Kindly mark the above matter settled, discontinued, and ended. .Al/ti It /'-<' tnt-nut SUza e Emmet ) Date: &1.1td .~u , 1995 LAW OF'rlCEB METZGER. WICKERSHAM, KNAUSS & ERB MELLON BANK BUlLOING III MAR~[t StREU F\ O. Ball 93 HARRISBURG, PENNSYL.VANI.. 1710e'0093 SfP 12 3 12 PH '95 <lJ 111~ f '"" ,',' '( I "",,_1"11 I.,,, L'~: ,', t l \, '.! I' Ilj l'~ "~.,., :1'1:rrJUilll. ".f/ .:~,'t,A~....;a. ,'r . -,.' ..t '-1.. .... , ....~ " . . - ~ .~