HomeMy WebLinkAbout95-03479
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'['illS ./lIlHlMl':N'[' NO'n: IS IlJ':S'l'RICTED TO LOT NO. 83, BOWMANS HILL, PHASE II,
1Il'1'J':1l AI,I.J,:N 'I'OWNSII [I', ClIMlIEIl[,A!'lD .COUNTY, PENNSYLVAN~ __
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$17,IH2.00 DATE: June 28,1995
FOR V^LUE RECEIVED, we, the undersigned, promise to pay to the
order or BOWMAN I S IIILI, ASSOCIATES, A PENNSYLVANIA GENERAL
I'AH'['NlmSII I l'
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percent per annum, the sum of
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THIRTY-SEVEN THOUShND ONE HUNDRED
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with interest at the rate of
l-:ltHl'l'\'-'['WO und 00/100---------------.------------ ($ Jt, 182.00
OOLL!\RS, on or before .",-d( "1/,.\ g) N 1.x1,'S1I1~) C~. . If this
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placed in the hands of an Attorney for collections, we agree to pay
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Note is
as a reasonable Attorney's fee Ten (10\) percent of the amount due
end owing on this defaulted Note. To secure payment of this Note we
hereby authorize, irrevocably, the Prothonotary, Clerk of Court, or
any Attorney of any Court of Record to appear for us in such Court,
at any time before or after Maturity and confess a Judgment against
us in favor of any holder of this Note without the filing of an
^verment of Default, with release of errors, without stay of
execution, and tor such amount as may appear to be unpaid thereon,
togethor with charges, Attorney's fees, and costs as herein
provided, and we hereby waive and release any and all benefits and
relief from any and all appraisement, stay, or exemption laws of any
state, now in force or hereafter passed.
Witness:
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EXPLANATION OF RIGHTS IN CONNECTION WITH SIGNING or
INSTRUMENT CONTAINING CONFESSION OF JUDGMENT AS REQUIRED
BY OPINION O~)PREME COURT OF THE UNITED STATES
RE: NOTE IN FAVOR OF
GENERAL PARTNERSHIP
BOWMAN I S HILL ASSOCIATES, A PENNSYLVANIA
AND AGAINST THE UNDERSIGNED, CONTAINING A CONFESSION OF JUDGMENT.
DATED:
June 28, 1995
AMOUNT: $ 37 , 182.00
The undersigned certify that the income of the undersigned, or
conjugal ,.u.band-w'f.) 'ncom. wit. bot. .pou..~ t.a
dooument, is at least $10,000.00 ann ally. ~
Affirmed to and subscribed ~ ~~
~I)<lt'chison, Jr.
befor'3 me this
28th
day
~ dA./a 'J. fide.
Cyn hia G. lIutchison
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June , 1995.
t Zf- . (/..) ~L""""""""'-
NOTARY PUBLIC
My oommission expires:
of
The u~dersigned clearly and speoifically understand that by
Digning the note above referred to, containing a confession of
judgment clause:
1. We and each of us authorize BOWMAN I S HILL ASSOCIATES. A
PENNSYLVANIA GENERAL PARTNERSHIP
to enter a judgment against the undersigned, or either of us, at its
discretion and in its favor without notice and without declaration
of default for non-payment, which entry will give the holder a lien
as security for payment upon the real property (inoluding the home)
owned by the undersigned at the time of entry, and a lien on
personal property owned by the undersigned at the time it i. given
to the Sheriff for execution.
2. We and each of us waive all right to notice and to have an
opportunity to be heard prior to the entry of the judgment on the
Court records, understanding that the only method to challenq. this
jUdgment would be by proceedings in Court to open or strike it,
which proceedings would result in substantial attorneys fe.s whioh
the undersigned would have to pay. (Without such clause oontaininq
a Confession of Judgment the holder would have to file suit against
the undersigned which would give the undersigned an opportunity tor
a hearing which the undersigned does not have by reason of the
confession. )
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