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Valley of Lakes RICO Class Action against PNCBANK, et al.
ripped edge: exhibits

SPECTOR GADON & ROSEN
BY: Alan S. Fellheimer
Identification No.: 09842
BY: David F. Gould, III
Identification No.: 48046
1700 Market Street
29th Floor
Philadelphia, PA 19103
(215) 241-8888			Attorneys for Plaintiff


_______________________________________________________________
J.L. WOLGIN			:	COURT OF COMMON PLEAS
				:	OF LUZERNE COUNTY
				:
		Plaintiff,	:
				:
	V.			:		,1991
				:
C.B.G. LIMITED			:
		Defendant.	:	NO. 2326-L

		      AVERMENT OF DEFAULT

COMMONWEALTH OF PENNSYLVANIA 	:
				:	SS.
COUNTY OF PHILADELPHIA		:

I J.L. Wolgin being duly sworn according to law, depose 

and say that I am the plaintiff herein and that the defendant 

entered into a Promissory Note ("Note") dated June 28, 1991, in the 

principal sum of $2,000,000.00. True and correct copies of the 

Note and the Mortgage are attached hereto and marked as Exhibit A 

and Exhibit B, respectively.

	I further state that the Mortgage and Note are in 

default, and plaintiff has accelerated all sums due so that there

is now due and owing under the Mortgage and Note $1,335,333.33 

including interest and late fees as of August 1, 1991, plus 

attorneys' fees of 5 percent of principal amount due.


				/s/
				_____________________
				J.L. Wolgin

Sworn to and subscribed
before me this 8th day of
	     August, 1991

/s/
__________________
Notary Public

NOTARIAL SEAL
JUDITH P LAWRENCF Notary Public
City Of Philadelphia,  Phila. County
My Commission Expires Oct. 14,1991



Valley of Lakes RICO Class Action against PNCBANK, et al.

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