HomeMy WebLinkAbout95-04756
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, No. Civil Term
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Court of Common Pleas
Cumbo Co.
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EXPLANATION OF RIGlITS
CONFESSION OF JUDGMENt'
A. Eddie G. Chamberlin and Robert L. Chamberlin of
311 Skyport Road, Mechanicsburq, PA
clenrly and specificnlly ullllcrstnnds thnt by signing II Note dnted
March ,--.!&.. 199L, in the nllluunt uf $ 10,750.00 pnynble to
R " R Plaster and Drywall Co., Inc. ,which con loins n Confession
of Judgment clnusc:
1. We will authorize R " R Plaster and Drywall Co., Inc.
, Plninllff (Credilor) to enter n judgment ngninst us
in its favor which will give the Plninllff n lien upon nny renl estnte which
we IIIny own,
2. We will give up Ihe right to nny notice or opportunity to be henrd
prior to the entry of Ihis judgment on the records of the courl;
3. We will agree thnt R [, R Plaster and Drywall Co., Inc.
, Plninllff (Creditor) con enter this judgment
without any proof of non-pnYlllent or olher defnult on its pnrl;
4. We will subject nil of our property, both personnl propcrty and
renl cstote, to execution (nnd Shcriff); pursunnt to this jndgment, prior to
prouf of nun-pnyment or uther defuuit on .its purt;
5. We will be unnble to chnllenge this judgmcnt, should the Plaintiff
en leI' it, except by u prucccding tu upcn ur slrike the judgment; und such 0
pl'Uceeding will result in Allomey's fccs IInd costs which we will hnve tu
puy.
n. We know nnd understnnd Ihnt ii' is the Confession of Judgment
clouse nnd the nbove.t1escribed Note which gives Pluinllff the rights
enulllerated in Sub-pnrngrnph I through 5 uf I'nrngl'llph A nbove.
IF WE DO NOT SIGN A NOTE WI IICII CONTAINS A CONFESSION OF
JUDGMENT CLAUSE, WE UNDERSTAND 'J'IIA'J' WE WOULD IIA VE Tim
F9LLOWING: