HomeMy WebLinkAbout95-04568
.
Of
.
I , :..<: I , I I~
I , "'- , ,
, -,,; I , .' ~ '" -
I "" :r.< , 1 ul I~ '"
",' , '" la
, , ;... "'\ I c' L~ ...
C> C> ..,~ :3
- - "'- Ill, ...' , ~
I ,
!f ! E:in e, ~ ~
8\ I l~
t2 7.~ Ill, .2 ....
'tll I III '" ~ ,\
2iil ijl 1 "" ~I to Qf
, Ill' ",tl- ert\~
, , ...1>< , ~ ,:l! I;
I I - ,>:' , OB~
I 8~ 1 .no "''''
I ~I , ~ e.: i~i ~
, , , 81 ~'-
I I , ~ ""0 ,<
, I Ill'
I ,. '" , ''', :s-
, "" 1 'tl, >......, C' ~
I I 00 .", ...' ... top.; ,,,I
...t.l III I I ,,,, a.' III III
, ,,' ~lld ~I 3: '
, , ~C 0, , IllI
, .,1 go: >1 . -
, :':;';.-: I "'~I'I! 00 r-"
I "" ell ijl "" ~- ... 0
on' 0:5 ~I iii I N 11o:l>:
1 ,.1 u ,~l ~ ~ p.; ?::
I ~ei ~ Qfl
d on, .dl 01 11 ..
"" e
z , j:~ gol VI
, 6'
- ~l 1
'C 0 z;J vi ""
;:: 7. I 1 1 ""
_u <:
'I~"'~
~
I>-
....
Vl
~e.
~""" ~ .
.,,( ~ ....::r- "'i
"'_I~_~;','l.' ~ ---.
UJ,r- .~
;;'0"";
'/~ :::(; :;"'
..-'.;2~ ~
. .,..~
,'~i~
,~,~.~ ~
r,.J.
~ e
I
~
....
g::
l'-
;3
('oJ
......
rn
r-(")
-~ '-..l
(:)...J
~
(J
~
~
~ .~ "-",
CJ~~J
'-
,V)
....."--"' '
plaintiff
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION - LAW
DAUPHIN DEPOSIT BANK AND TRUST
COMPANY
v.
NO.
COMPONENT BUILDING SYSTEMS,
INC.
CONFESSION OF JUDGMENT
Defendant
COMPLAINT
1. Plaintiff Dauphin Deposit Bank and Trust company is a
Pennsylvania banking corporation with its principal office at 213
Market street, Harrisburg, Pennsylvania 17105,
2, Defendant component Building Systems, Inc. is a corpo-
ration with its principal office at Rte, 641, P.O. Box 109,
Newville, Pennsylvania 17241,
3. On or about March 12, 1990, Defendant, for good and
valuable consideration, executed and delivered a Commercial
Promissory Note ("Notell) to Plaintiff in the amount of Three
Hundred Fifty Thousand Dollars ($350,000) plus interest thereon.
A true and correct copy of said Commercial Promissory Note is
attached hereto, made a part hereof and marked Exhibit "A".
4. The Commercial promissory Note referred to in Paragraph
3 above has not been assigned by Plaintiff to any person or
organization.
5. Judgment has not been entered on the Commercial promis-
sory Note referred to in Paragraph 3 above in any jurisdiction,
. ......."'....- .... "'\..,-,;' -1" ,.l......'.....!~... -~...-. ...~ .... ~ ...~ .;J"\rr~-..~-;~:-r' .....:':'"':"..'.,... ':....:~ '\~"':~":1.,'~"'''~:i1~: "':'\:1 "(".','l~ ~. -'1/'::--': ';: '~i""'1",':.~
. . ~.... . ,- ','. " '.. ~r \' .. 'to'. .II....'\,' '-.' ~ '0 ""',' ,.~ ... ... "..t' ..'
.,~.. .1 """,",,...~..~...-:'~~'It"~~" ~~~'it~''\'j,,:,;: .......u...:~ ";";;'~;iJ:":'~'j~;j;"':lJ::'v' r...,.';.'b}:~.:.V:1..... ~,il1- . "'~.0/1~~. t~_d"',':~::,~~':'';'~,' .~.:.];~.!~..~~.~~~.,
I. .'""~"""...'<: .'d:..., It,.;.'!"I~'" ."fl..~ ""~' '<l,~~(M?l:t"":,,!>;r.\-""!>,, 9"ff.~l I.:..:,~,i!(<\":;"'.:;:"!?:t.f,>r:;('~'<~ '
" "iIi . .,t , ......"."lJ .........., ..,Y.l. ....~..c:'r;,....,-J"......... .. {to' .. "", ....r ." .,.".......... .
'. r .1_.. ...,., .....n.. . . _ ~ ... _.... _
..
r!~Farmers
'~Bank. --".
MASTER PROMISSORY NOTE
$ 250,000.00 March 12 .19 90
FOR VALUERECElVED,and Intendin9 10 bo legally bound hereby. COMPONENT BUILDING SYSTEMS. INC. ,
jolnlly and severally If more than ona (hareinaher collectively relerred to as "Maker"). promises on demand 10 pay 10 the order 01 FARMERS
BANK AND TRUST COMPANY OF HANOVER. a Pennsylvania banking Inslilullon ("Bank"). or any subsequent holder hereof. Iho
principal amount 01 TWO HUNDRED FIFTY THOUSAND AND 00/100 ----------------------------------
-----------------------------------------------------------------------------------------
------------------ DOLLARS ($ 250 ,000..00 ), In lawful money of the United Slales.together wllh Inlerest at
the rala as herelnallsr provided and any additional charges or lunds advanced hereunder, allhe offices of the Bank or such other
address as Ihe Bank may design ala by wrlllen nollcs 10 Ihe Maker.
WTEREST. Th. unpaid princIpal b.lan~..$hlll belr inteflll .1 the following ral' per annum:
o Ttle lIolung Prim. Ratl plul I . , U peteenl.
U pelt.n!.
C OItl.r:
Inll,"l ,hall be calcul'led on, thl basil 01 . 36O-d1l)' ye.r and 3O-day month. Accured inl.rest Ihall b, payable monlhly 'lIthen billed by Bank. Accrued Interesllhlll also
be payable when Ih, ,nUtI pnnclpaJ balance 01 thiS nole becomes due and Ply.bfe (whether by demand or acceleralion) or, It either, when luch pntlC1PII ballncels
actUAlly Plid 10 Bank. The term "Prim. Aat," (which Is nol necessarilY Ihe lowest rat. 01 Inleresl charged by Blnk) il dellnld IS Ihlt rile of InllrelllO deSIgnated and
IItab!llhed IS the prime rat. by Citlbank, N.A. Changes In Ih. Pnm. Aale shall b. e<<.ctN' as 01 Ihe dlle Ih. Pnme Aile chang... Inl"ell shall accru. on each
dllburllm.nl hareunder from lhe GllelUCh dl&burllmentll made by Dank, Jlrovlded, however, thai to the e.lend thll Note r.preMnts a replacem.nt, subltlluUon,
rene"",,1 or refinancing 0' e.iSlIng Ind'bt.dnll', Int.,esllhallaccru. Irom t,he dal. hereol. Inleresl shill accrue on the unpaid balance hereol althe rile prOVid'd lor In
thi, Nole ~nlllth' enllte unpaid balance hll been paid In full, notWlthslandlng Ihe entry ot any Judgment aoam51 Maker,
ADVANCES - Th, Maker Ihall be liable 'or only 10 much ollh, abov, principal amount as shaU b. equal 10 Ih. total ot amounls actvlnced to Or tor the Maker by the
Bank tro", 'Ime 10 lime laSlal1 paymenls made by or for the Mlker and applied by lhe Dank 10 pnncipallnd tor Inter'!.1 on each such advance, a. ahOwn on lhe Dank's
boOka and recordl whiCh. Ihall conslllule pnma lacI' evidence ollha amount owed. Such books and records of Bank shall b. deemed corr.ct, except to lhe elltenl
shown by Maker 10 be maRllestly erroneous.
HOTE NOT A COMMITMENT TO LEND. Maker acknowledges and agrees Ihat 00 prOVision hereol, and no course 01 dealing by Dank In conntC!lOn herewith, shall be
dttmtd 10 creale or ,halllmplt Ii'll elllltenCI 01 any commrtm.nt ot ocligatlon on the pan 01 Dank 10 meke advances hereunder. Bank ,hall have no luch commrtment
or obligatlDn ,.ceplln accordanCI Wllh luch terml and condlhons as shatl hav, been uxpress!t agreed 10 by thl Bank by currently efleCllVe wrlUen agreemenl.
Olhel'W1IO, each advlnce hereunder shall be made IOlely althe Bank'l dlscration.
COLLATERAL. Aillcunly tor alllnd'bledneu 10 eank now or h.,eatler Incurred by Maker, unde,r thIS Nole or OlhetWlII, Maker granll Bank a liln upon and ltCunty
"'1""1 In any perlOnal property of Mak.r now or h,,"her in Bank', posllsaion and In any depollt bal,nces now or heflatl.r h,ld bt Bank for Maker', Iccounl, Such
lien' and Itcunry Interlllllhall be Ind.pendenl of Bank'l flghl Ollllolt, Addlllonally, to secure Ihe pettormlnce at 11'111 and .11 other obhglllon,lo Dank of Maker or
any olh.r panteslo 11'111 Not., Ythether now '.lllIng or h,reatter incurred, Maker grenllli 10 Bank a lecurlly Inleresl in the coll.l.ral deSCribed belOW, complet. wilh all
preslnl and IUlure anlehmantl, aeensor'" and replacemenll 01 all or any panslhareol and all additions th"elo or luostl1uUons Ihefttore, and in any In.urance
pollcl.. thereon, and diVIdendi, dlllrlbuhonl end olher rlghll on or \\I1lh respect la, and the proceeds Ihereo' (all ot which Is r.I'rred u "COII,teral", with IUlhoflty to
collect, 18U, Itanll,r Ind "hypolhecale. In CUI Ihe market v.lue ollhe CoUal"al or any pan thereo' 1h.1I'uller any decline A ~.k'r 10tHI upon de'1Jand 0' the Ban"
10 dellv.r to and pledge WIth Ihe Bank addltlonal collaleral as Ihe Oank anallln Us discretion require. OeacnpllOn 01 CoUlleral: 1 Dr lor DC r tee t e d
secured lnterest in all inventcrv. eQuipment and accounts receivable. now owned and here-
after acquired. Second mortRaRe on real estate situate on Rt. 641. Newville. Cumberland
County, PA 17241,
LATE CHARGE. II any paym.nl het,under II nOI paid 'ilIhen due, Ind conUnulI unpaid tor I penod 01 t.n (101 days th,"after, Maker IgretS to pay 10 B.lnk II liar.
chatg. an amount compYled al a fal' 01 live percent (5%) 01 luch past dye amounl. Th. lite charge Ihall be in addItIOn to any inlerlll du.. NOl'MlhslandlRQ IhI
roregoing, In no .v.nllhaJl Iny III' charge be ,." Ihan ten dolt.,. (510).
ACCELERATION WITHOUT DEMAND. AlIlnd,bltdneu lvidenced by this Nol. or accruing hereund.r shall becom. Immedlalely due .nd payable, wilhout demand or
nolle., II Mlk.r tailllo make any inler.1I plyment blUtd h,r.under, or upon the fllillQ 01 any pautlon by or .g.insl Maker or Iny endatllr, guaranlot or aurery ollhl.
NoI., und., Iny bankruptcy or Insolvency I.w, or it any "pr.llnlallo" or warranty by Maker or any luch 'ndorser, gult.ntor or lurety shaU be ratse or misleadIng In
Iny malenal rllptcl, or If any d'POSiI bal.nce or olhe, Imount whictt may be h,ld lor Ii'll account 01 or owed 10 Maker by Bank shall be leVied upon, glrnllhed,
,nIChed or become lubject to 'Imitllltg.1 proceu.
REPRESENTATIONS BY MAKER -II Mlker II I corporation or a general or limited partnership, Mlker represents thai II Is validly elilling and In good Ilanding In the
IunldlctiOn under ""nalllaWlIl was orgenlzld. If Mak., II a corpor'lion, Maker representl Ind w.tfenlslhlt Ihe e.eculion, d.liv.ry.nd performance Undor Itlll NOI.
Ir. Wlth.n Mllter'l corporal' pov.er" have be,n duly authorized by all naceuary action by Mak.r', Boltd or Dir.ctors, and are nolln contravention of the term, of
Malt"'s Imcl.. ollncorporlllOR, by.lawl, or any resolullon DIu. Board 01 Olreclot). If Maker Is a g.n,ral or l.mlt.d partner,hip, Mak.r tlpre"nll Ind w.rrantltNI the
....cution. delivery .nd pettOlmance under Ihll Nole have been duly aulhorlzed and ate nolln contliet WIth any prOVISIon 01 Maker', Pl11nerlhlp Igreement. All Makl"
wa"anl.nd represent thlllhil Nole hal been validly e.eculed and il,nlorceeble In acco,danc. WIth llllerml, thallhe '.'cullon, dellVlty and performancl by Maker
h.reund.r all nolln conUav.nllon at Ilw Ind do not conlhct WIth any Ind,nlure, agreemenl or UndertakIng 10 which Maker il . pany Of' I, olh......I.. bOund. and Ihll no
conllnt 0' approval 01 Iny governm.nlal authotlly 01 any Ihtrd party il fequlred In connection Wllh lhe e.ecutlon, d,lIvery and perlormance under thll Nole. It any
M.ker II I nil ural parlOn, and Illhil Noll II an amount equal to or leu than S:!5,OOO or il secured by an Inlernlln real property, Maker wlrranlslh.l no advance
hellund.r or ponlOn therltOflhall be uled other lhan lor bUSiness purposes. IIlhlS Nole II "cured by "margIn SlOCk" u delm.d In RegulaliOn U at Ih. Board ot
Governors of the F.deral Rest,.... Syst.m. Maker wlrranlllh.1 no advance or panlon thereof Ihall be used 10 purchase Dr carry margin atoclt, and th.1 each advance
her.und,r Ihall be used lor Ihe purpose or purpollllndlcated on the mOllleCtnt Form FA U.1 Ileculod by Mlklr In connection wrth each I4vlncl mad, by B.nk
hereunder.
REMEDIES. In Ihl IVlnllhat .ny paymlnl dUI hlr.undet il nOI made when duo, whelher by d.m.nd, .ccelet.llon 01 Olhltwllt, luch nonpayment Ihall be I dlllull
hereunder and Dank may, immedt.I,ly or any Ilmelherultet, e..,cI" any or all olliS IIghtl und.r .ny agreement at olh't'W'" under applicablt Ilw Igalnsl Maker,
10llnll Iny person Illole, ellh" Ibsolulely or conllnglnlly, 101 paymenl 01 any Indebledn," IVld'nced h'tlby, and In Iny COnllll.l W11~ul '~I'd 10 any mlrshllllng
requtr.m,nll, and luch 'IOhll mlY be .."Clled In Iny orUet Ind IhaU nol bt ptlJudlced by any del.y In Dank'l '1IlfClltlh,rlOl. Th. Oink may III 0<< Iglmlt.1I olher
obhOlhons 01 Makl! to Dank III mon.y (hOfed by Ihe Dank In any capaCity to M.lter, In 'ddlhon 10 the prloclpal.r\d Inl"..I and 01 he' IUml plyable h,'.under, M.ker
loreollo Ply a.nll on demand, all tOlll and o.oens.. ....h,cn al, Incurrod by Dank In the Coll.cllon of Ihtl Nailor Ihe .nlorcemenl 01 Oink's IIlJhls .nd remedies
he,eund.r, IOCludlRO .ltorneYI' re8, 01 liftun pelc.nt (15"1 0lth8 unpaid billlnco. M.ker .nd any ,ndotl.r hll'by authorlZ' and .mpower Ihe P'OlhonDlary at any
.norney 01 any coun of lecotd 01 Pennl~V'llnl' or WllhlM In8 United Slalu 10 apptlar 'or Ihl Dank And coni... IUdOmlnllOl,nJI luch MIl,," or .ndo,"r for ll.lCh
unplld calane., ana CO'". ....,Ih '1IeUft 01 all ''''0'' and wlthOul 11311' oltll~cu"on. and WOolldlll" Of ....nothel. demand or accelerallon hal tIft!'n mad'. All tIlJ"tl and