Ryan v. Johnson

CERCONE, Judge:

This is an appeal from an Order of the Montgomery County Court of Common Pleas which denied appellant’s Petition to Strike/Open Judgment. Appellant and her husband signed an installment note on June 1, 1981 in the amount of $20,000. Upon appellants’ failure to tender their annual installment payment of $3,600 by July 30, 1983,1 appellee exercised his option under the contract to declare the entire balance of the note due. When the note remained in default, appellee filed a complaint seeking a confession of judgment pursuant to the following provision of the note:

On non-payment…