HomeMy WebLinkAbout95-04785
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In Ihe Court or Common Pleas or
Comberlnnd County, Pennsylvania
95'- ?l7tf'b'
Civil. 19
No.
To
ProlhollolUry
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FILEl)-{)rllCE
OF THf. F-p.:;n !ONOT/I!1f
No.
Tcrm, 19 _
00 HAR I 5 AM II: ~ 6
CUMaERlJ~'lD COUNlY
PENNSYLVANIA
VS.
PRAECIPE
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US 522,607.00 Enola, Pennsylvania
August 31. 1995
FOR VALUE RECEIVED, the undersigned ("Borrowers") promise to pay to the
order ofWlNlFRED M. KING ("Note Holder"), her heirs and assigns, the principal sum of
Twenty-two Thousand Six Hundred Seven and nollOO (522,607.00) Dollars with interest on the
unpaid principal balance frDm the date of this Note, until paid, at the rate of Nine and nollOO
(9.0%) percent per annum. Principal and interest shall be payable at P,O. Box 395, Summerdale,
Cumberland County, Pennsylvania 17093, or such other place as the Note hDlder tp,ay designate in
consecutive monthly installments of like amount and duration as is provided in that 'certain note
previously signed by the Borrowers and cosigned by the Note hDlder and given to the P.S.E.C.U.
Such installments shall continue until the entire indebtedness evidenced by this Note is fully paid,
except that any remaining indebtedness, if not sooner paid, shall be due and payable no later than
. July 7, 2000.
If any installment under this Note is not paid when due and remains unpaid after a date
specified by a nDtice to Borrower, the entire principal amount outstanding and accrued interest
thereon shall at once become due and payable at the option of the Note holder. The date
specified shall not be less than thirty (30) days from the date such notice is mailed. The Note
hDlder may exercise this option to accelerate during any default by Borrower regardless of any
prior forbearance. If suit is brought to collect this Note, the NDte hDlder shall be entitled to
collect all reasonable costs and expenses of suit, including, but not limited to, reasonable
attorney's fees of not less than 15% ofthe principal sum due.
Borrower shall pay to the Note holder a late charge offive percent (5%) of any
installment not received by the Note hDlder within ten (10) days after the installment is due.
Borrower may prepay the principal amount outstanding in whole or in part without
penalty. The Note holder may require that any partial prepayments (i) be made on the date
installments are due and (ii) be in the amount of that part of one or more installments which would
be applicable to principal. Any partial prepayment shall be applied against the principal amount
outstanding and shall not postpone the due date of any subsequent installments or change the
amount of such installments, unless the Note holder shall otherwise agree in writing.
Presentment, notice of dishDnor, and protest are hereby waived by all makers, sureties,
guarantors and endorsers, hereDf, This Note shall be the joint and several obligation of all
makers, sureties, guarantors and endorsers, and shall be binding upDn them and their successors
and assigns.
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