HomeMy WebLinkAbout95-03693
-f
~ 4 .__ _.._._.
.-,'"
~
II. 'j)'.
.. Co 'i 3 (;l(,J
-
1~4_
i"""'\
, -
GUAIAMTY
WIIIRUS I JAMES LIfT COHPANY I
bURin... vith and to obtain crttd1t
A Pennqylvanla torpor.1hm fhur.,tn.flttr called Porrow.f) doalreo to tnnQact
CrOll the PENNSYI.\'ANIA STATr: RANK Chef.tnafler call_d aankli and
{'.(' "-t" '6)
(;"" 111,/1 ,.'A 1"'L'I.t"/K?
_"tend or CO(IIIIIIlU' credit or ony reneval thereof to Burrower without thls
WHIREAS, Bank 18 unwilling to
Guaranty:
NOW. THERlrORI, in order to induce Bank to .xtund or continue credit to Borrower, and In connlderat1on of
th. pr..l.8s and the BUll of $1.00 and uf other lood and valuabl.. consideration, the und.railned, as Burety,
8ubJect to lh_ II.itatlon herelnaUer 881 furth In I.BURrIIl)1I I, hereby abuo.ut.IY and u"condit lanaI 1 y
IU8..ant..8 to Bank prOllpt paY..llt whun due and at 6111 U.uu tllt.uafter of anv and all exiatinl and future
indebtedness and liability of every kind. nature and character (.lncludinl all renewalB, extensions and
.odHicatlons thereot) frOll Borrower to Bank. huwHnever and wlums08ver creah.d or arisinl or evidenced or
acquired.
1. The alMJunt of lhe underuiljlldd's liability hvruunder shall bu SSO.OOO.OO plus accru.d
undersJgned .sr.es that the a.ount of Borrower'u li.bllitlus to Dank .ay fro. ti.. to II..
H.1t of the undersigned's HabUity he....under without III allY way aff"cUng the l1ablHty of
hereunder. .f no apeciflc au. 18 set forth heruof, thu olKlunt of the unduraianed's liahllity
b. unU.ited.
illtttresl. Tlu.
exc.ed tho Bald
the undersilned
hereunder aha II
2. Thl8 Guaranty Is aad. and ahall continue 89 to .ny and all such Ind.btedness and liability of Borrower
to Bank Incurred or ar18lng prior to receipt hy Bank of written notice of the t....ln.Uon hereof frOll the
undersigned, without res. I'd to coll.teral, or security. or lituaranUes, or other obllflorB. if any, 01' to the
validity or efrectiveneS8 of any and all Ihereof: and any and all Duch coll.teral and security .nd Auaranties
and other obUsors, if any ..y frotl ti.. to u.o without noUc. to, 01' conaent of the undersignttd, be Bold,
releosed, surrendered, ..chanRed. sottled, cu.prOllhl'd, waived. subordinated or .udUled. with 01' without
conslderatioll, or such ter.s or condition. as aay be acceptable to Bank. without In any .anner affecttnlit 01'
i.parln!l the lI.bllity oe the underBigned. It in agreed that Ih. t....inaUon oe this Cu.ranty. In the unn.r
aforesaid, ahall not reliev. the underslsned fro. liability upon any indebtednesB or liability covered thereby
then existing.
3. It 18 agreed that the undersigned'B liability hereunder i8 .everal and is Independent of any other
guaranties .t any ti.. In eefect with respect to .11 or any part of the Indebtedn.ss of Borrower to Bank, Bnd
that the undorsigned'B li.bllity hereunder ..y bo enforced rslitardless of the existence of any 8uch other
auarantles.
4. The und.rBI.ned hereby waiv.R all notices of 011)' character whatsoever with respect to this Guaranty
and Borrower's li.bllitles to Bank, including, but not II.ited to: notice of occeplance hereof: notice of
creat ion, exIRtence or acquhitlon of any lIahllity hereby luaranto"dj notice of advorse change in Borrower's
financial condition 01' of Rny other fact atfecUng undersisnud's risk h.rttunderj and notice or d.fault. The
undRrflilllned further waiveR prORent.,mt. deaand. .Jrotest, and not ico thereof 8S to any instru.ent repreRonting
IndebledneS8 covered by this GUilranty, as 'tDll as ItllY rlMhl to rpqulre Rank to sue or otherwise enforce pa)..ent
thproof. In addition, th. undersigned wahes the bonerit of all laws now or hereafter In .ffect in ony WRY
Jlllllin~ or rustrlcl1na tl1ft liability or tho Ulltlorslgned hereunder and walven all defenses whAtnoever to
und"rflllCl1~d'R liability hereunder othQr than paYJIent.
5. If any of Borrower'o obllRAtlons to Bank are not duly ptorro...edl lncludin~ the prOllpt pa)'llent "hen dul'
of any altOunl payable thereunder, all Borrower"n llahlllties to Dank oholl at Bank'o ol)tion be dOetll'd to be
forthwith dun and payable for the purposes of thh Guaranty and tho liability or the underui~n.d heroundpr.
6. In addition to all other liability nr the undoruiAlled herounclpr and notwilhntluldlnR thl' II. it , if an""
!"lftt forth In pora"raph I hureo', Ihu umhtrrtl"ntld ohm IIqre9R to pay tu 8ank on dl!und 011 coats anll eXpensoD
I Including r.asonablu ottornu)'u' r"AR Ancl 10'1.11 0""ens9s) '-'hkh IaaV INt tncurr..d In thH eUfOrl"ft.ent of the
Borrow..r'.. IlnbllitleR to ROllk or th. IIRbllil)' nf Ihp undorslMnpd h"rpunder.
1. The under.IMned h"rebv lluthnrll.n and "_I)&..W91'1I DIl\' Prothonutary, rl81k UI' "ttul'nuv of anv Court or
IIltcord to app.ar for and confe&u ,Judfj..nt a",aln8t the und"rH1Mned In f""'ot' IIf nallk, Itn nnce"uours 01' anflllln..,
for the 8Ul1 88t forth in parauaph I hereof, with ur withuut duclltraUun fil.,d, wllh Inter..t and cUHtn,
relealle of error, without IItllY or ex"cutlnn und with 25'\ ilchh,.1 ful' l'u'htl;ttun r.UtHj and th. utld.rulltlled furthel'
authorize. th_ I_vdiate iSBUlllM ff' an ilPI.ruprlaht wrtt of .uu,.:ut Inn upun ..hid, rHal 01' perRun..l prUI~rtY .MY
b. lIold without delay a. I_rovhh'd by law Itl' thu rul~s of dvl I procltduftt lIovernlme the .nforce.ent of
jutt...nt.i and the und.rslMnud aho "'DiveR the riRM uf InCIUiQit hill on amy r.al .utate that .ay be '.vled upon
to collect the aaount due undor a JudK.unt uhUlnud bv v I rtuB hereof, und unduralMnud due a hereby voluntarlly
cond..n th., 8a.8 and hereby \iahUB and r.lolluua all relief fru. uny anll 011 8.'I)raill.1I8nta. atay, exe.ption or
hOllestead 16&\is uf any stote, now in force, or heroAftol' paoKed, and any rl",ht to 8Jrl:Cept tu, strike oft I open or
appeal fro. the jud.aent 80 entered; and It a truft copy of thla InatrUllent uhall b. f'h.d In any such action,
it shall not b. neceRBary to fila the orlRinal .... a warnnt of attorney, any rule ut cuurt to the contrary
notwithatandinR. No alntlle lu,..'ch., of the toruMoluK wltrrant and l)Ower to con"". judg..tnt IIhall b. d.e.ed to
.xhaust the power, but It shall contlnuo undiMinished aud .IlV b. exercised froa U.. to U.e .. often aB Bank
oh.ll elect, until all Bums pA}'able b}' the undersigned have b."n pcald in Cull.
8. To secure all oblillations ot thu undersigned hereunder, Bank shall have a Uen upon and security
lnterest in fand a.v, without depnd or notlce of any kind, at any Ii.e and frea tI.e to U.e when any a.aunt
ahall b. due and payable by ouch underslllned hereunder, aPIlI'opl'late and aplIly towtlrd the pa)...nt of Buch
aaount, In such ord.r ot application aB Bank uy elect) any and all hahnceB, credits, deposits. accounts or
ItOneys of or In tho n..e of underfJiRned now or hereafte.' with Bank and any and ,,11 property of every kind or
description at or in the na.e of Buch underslM,ned now or hereattltr, for allY rlt.80n or purpose whatsoever, In
the possession or control of Bu.nk.
9. Tho liab~l1ty of the underahlned hereunder is absolute and unconditional and Ahell not b. .erected in
any way by rea Bon 01 fa) any fallure to retain or l)reserv8, or the lack of prior enrure...nt of, any rillhts
against any person ~r peraona Clncludhul Borro",er) or in any property, lb) the invalidity of any such rlllhts
which aay be aU_pted to b. obtained, (el any delay in enforcinR or failure to enforce any such rhlhta even It
such rights are thereby lost, or tdl any delay in IUking de.and on the underslRned lor p.rro....nc. or pav-ent
of the undersillned's obli.atlono hereunder.
10. If the-' undersigned eonsioto at _ore than one person, such persons ahall be jointly and severally
liable hereunder. This Cuaranty shall inure to the benefit of Bank, itB successors. assiRnD, endors.es and any
person or person.. inCluding any banking inatitutlon or Institutions, to ",ho. Bank aay IIrant any Interest in
Borrower's liabilities to Bank or any of thea, and shall I~ binding upon the underoiRned and the undersigned's
executors, adatnistrators, successors, 8s8111ns, and other 10llal representatives. The underailned intends this
to be a soaled instrUllent and to be leRally bound herebv. All issues arising h.reunder shall be Roverned by
the law of Pennsylvania.
_ ') ::l,~')
WITNESS the duo execution hereof thh. ...QIJ day
ork~f-
. 1991.
Sworn and subscribed to
'17"")
.eXhi8 C'f.J
~t.rlt'i,..~ ,1991.
.--- ') '---________c:::-:
~~?:~j\:-y;->~~-
NntRt'V Public
!SEALl
,.,....J
before
day of
r&.,t::It:~k;/.~_J_?JJ1:H J!'btLSEALl
!rnestin. S. Horrow
Mv ComaiBslon Expires:
~!?.!>~~;!,:,4!c.~_ ~
NOTARIAL SE~l
PEGGY J. ELDER. Nct~r} "J~C'!C
Lemo'/ne Bora. ClJl1\tJ':.~....--:: ,;~
M~' CommlSSI.jn E):Clr~:1.., ;: :l:~~"("~_
ADDRESS
._;5-~.t..:ke:~~~~{l..... r)" t',
,,-.
t.....~ t::
" .-
, ... ...
.. , -
" -
" "
~,l ..,' t
N -..J
" W f;"-
\) ." ...a
Lon ,,,
.' .Jln -0 .,.
..." = ,\
:~ - ~ \..;
~ ~ c-..;
~
~ l
~
~
~
~
~ ~
,
.., ..,
v !>; 0()
d " .
~ "
.~c
t<
~
l.
".
...
'-J
PA STATE BANK,
Plaintiff
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
vs.
: Judgment in favor of Plaintiff for $50,000.00
J. ROBERT MORROW and
ERNESTINE S. MORROW,
Defendants
: Entered to 1995.3693 Civil Term 1995
: Entered of record July 11, 1995
LEITER OF ATIORNEY TO SATISFY JUDGMENT
AND NOW, to wit, January fc" 2000, PA State Bank, Plaintiff in the above
jUdgment does appear and acknowledge that it this day has had and received of and from,
J. Robert Morrow and Ernestine S. Morrow, the Defendants in the above judgment, full
payment and satisfaction of the same, with interest and costs, and desires that satisfaction
therefor shall be entered upon the records thereof.
AND FURTHER, it does hereby authorize and empower the Prothonotary of said
Court to appear for and in its name and stead to enter full satisfaction upon the records of
said jUdgment, as fully and effectually, to all intents and purposes, as it could were it
personally present in person to do so. And for so doing this shall be your sufficient warrant
and authority.
IN TESTIMONY WHEREOF, it has hereunto set its hand and seal this
January, 2000.
day of
Attest:
PA STATE BANK
~~/-
. Secretary
By:
p(l~ /Iul<<..
v\~ ~.,.ltf'1
(Title)
COMMONWEALTH OF PENNSYLVANIA :
: ss.
COUNTY OF CUMBERLAND
On the ~ day of ,,\tflUl1l'i::ow,:10(J({ before me, the subscriber, a
~ in and for said ounty and State, personally appeared
. n 110 VI of the said P A State Bank, who being duly sworn
according to law, says the he/she was personally present at the execution of the within
Letter of Attorney to Satisfy Judgment, and saw the common or corporate seal of said
Corporation duly affixed thereto; that the seal so affixed thereto is the common or corporate
seal of the said corp~n, !hat,the Leller of Allorney to Satisfy Judgment was duly sealed
and delivered by , - y I {IO I:.ll(<' I G, as <)e.. elf e -/-cL/1, J of said
Corporation, and as and for the act and deed of the said Corporation, for the uses and
pu o.ses therein !Dentioned, and that ~ Inames _ of ( this. deponent as
Y -t and of U--YICICl r,u.SIC as
of the sai Corporation, subscribed to this Leller of Attorney to Satisfy Judgment in
attestation of its due execution and delivery are of their and each of their respective
handwritings.
If\tQ.Luit (lJ' RLO-~
Sworn and subscribed before me the day and year aforesaid.
WITNESS my hand and official seal.
My Commission Expires:
HOTAIIlAL SlA1
MELISSA C,
Camp Hin Ilon>. Cuml>t<lond Co.. PA
M, Commlulon Expi... o.c. 3. 2001
~ 0 ~ ~
<:)
~ ':J ~
,W, -''':''
=: 'F'::
~ - ",8
~ - 'e ,
.... ,
c, ~ 2~;;
~ , ,:T.l ~
~~ '-'.{")
N :'iirl1
.. :.-,
~ :.n ,.. &
to) ~
\