HomeMy WebLinkAbout01-25-07 (2)
REV,1500 EX + (6-00)
.' ,COMMONWEALTHOF
" ' . PENNSYLVANIA
, DEPARTMENT OF REVENUE
DEPT, 280601
HARRISBURG, PA 17128-0601
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DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
MORROW JOYCE A.
DATE OF DEATH (MM-DD-Year)
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
FILE NUMBER
2 1 -0 6 0 7 0 9
""COuNTv"COOE ---vEAR- - - NuMBER- -
SOCIAL SECURITY NUMBER
DATE OF BIRTH (MM-DD-Year)
1 7 4 - 2 0 - 3 3 8 8
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
07/24/2006 10/28/1928
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
00 1. Original Retum
o 4. Limited Estate
00 6, Decedent Died Testate (Attach copy 01 Will)
o 9. Litigation Proceeds Received
SOCIAL SECURITY NUMBER
o 2, Supplemental Retum
o 4a. Future Interest Compromise (date of death afler 12.12-B2)
o 7. Decedent Maintained a Living Trust (Attach copy ofTrusl)
o 10. Spousal Poverty Credit (date 01 death between 12-31-91 and 1-1-95)
o 3, Remainder Retum (date of death prior to 12-13-82)
o 5, Federal Estate Tax Retum Required
_ 8. Total Number of Safe Deposn Boxes
o 11. Election to tax under Sec. 9113(A) (Attach Sch 0)
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THIS .SECTIONMlIST .aECoMPLe']':eO..>>iLJ...CORRe$PONPEN~EA.NPQONF.jDENJ'IA.L,],:B..jNf'ORM>>iTIONSHOUL..O.SEOIRECTEO TO:
NAME COMPLETE MAILING ADDRESS
SUSAN H. CONFAIR 2331 MARKET STREET
FIRM NAME (II Applicable)
REAGER & ADLER P.C.
TELEPHONE NUMBER
717-763-1383 CAMP HILL PA 17011
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1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
(1)
(2)
(3)
(4)
(5)
257,000.00
138,984.42
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5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6, Jointly Owned Property (Schedule F)
o Separate Billing Requested
7, Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9, Funeral Expenses & Administrative Costs (Schedule H)
10, Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
11 , Total Deductions (total Lines 9 & 10)
12, Net Value of Estate (Line 8 minus Line 11)
13, Charitable and Govemmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
OFFICIAL U~,E ONLY
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16,277.26
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(6)
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883.43
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(7)
90,403.01
(8)
503,548.12
(9)
(10)
38,779.90
15,916.87
(11)
(12)
(13)
54,696.77
448,851.35
14, Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
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15, Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18, Amount of Line 14 taxable at collateral rate
19, Tax Due
(14)
448,851.35
0.00 X _(15) 0.00
448,851.33 X .045 (16) 20,198.31
0.00 X ,12 (17) 0.00
0.00 X ,15 (18) 0.00
(19) 20,198.31
20. 0
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
> > BE SURE TO ANSW'i:RALL QUESTIONS ON REVt:'RS.E SIDE AND RECHECK MATH < <
Decedent's Complete Address:
STREET ADDRESS
, 31'8 Indian Creek Drive
CITY I STATE r ZIP
Mechanicsburg PA 17050
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1)
20,198.31
18.500.00
973.66
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Credits (A + B + C)
(2)
19,473.66
Total Interest/Penalty ( D + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5)
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58)
Make Check Payable to: REGISTER OF WILLS, AGENT
0.00
0.00
724.65
724.65
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; ........................................................................... 0 IZJ
b. retain the right to designate who shall use the property transferred or its income; ........................................ 0 IZJ
c. retain a reversionary interest; or ...................................................................................................... 0 IZJ
d. receive the promise for life of either payments, benefits or care? ............................................................. 0 IZJ
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration?.............................................................................................. 0 IZJ
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ................. 0 IZJ
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ....................................................................................................... IZJ 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Under penalties of pe~ury. I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.
Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGN TURE OF PERSON RESPONSIB,ldi. FOR FILING RETURN I DATE
~) ., I 1'1 ( 17
2331 Mar t Street
Camp Hill, PA 17011
DATE
f 11 or
ADDRESS
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. ~9116 (a) (1.1) (i)).
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. ~9116 (a) (1.1) (ii)l.
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. ~9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. ~9116(1.2) [72 P.S. ~9116(a)(1)).
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a)(1.3)], A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1502 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
MORROW JOYCE A. 21 06 0709
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be
exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real Dropertv which is iointlv-owned with riaht of survivorshiD must be disclosed on Schedule F.
SCHEDULE A
REAL ESTATE
ITEM
NUMBER
1.
DESCRIPTION
316 Indian Creek Drive, Mechanicsburg, PA
Contract sales price - $257,000
VALUE AT DATE
OF DEATH
257,000.00
TOTAL (Also enter on line 1, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
257.000.00
REV-1503 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
MORROW. JOYCE A.
FILE NUMBER
21 06
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
0709
ITEM
NUMBER
1.
VALUE AT DATE
OF DEATH
97,489.65
2.
AIM Investments - mutual fund
14,104.99
3.
Janus Fund - mutual fund
15,343.55
4.
DWS Scudder - mutual fund
3,822.65
5.
T. Rowe Price - mutual fund
8,223.58
TOTAL (Also enter on line 2, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
138,984.42
REV-1508 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
MORROW. JOYCE A.
ITEM
NUMBER
1.
FILE NUMBER
21 06
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
0709
DESCRIPTION
VALUE AT DATE
OF DEATH
7,600.00
Taurus Sedan - 2001
2.
Net Proceeds from Estate Auction - Cordier Antiques, Auctioneer
4,693.07
3.
Taurus Wagon - 1994
1,100.00
4.
Patriot News refund
111.00
5.
Refund of 2006 county/township and 2006-07 school taxes & sewer overpayment
1,385.40
6.
Refund on car insurance from The Hartford
65.00
7.
Shipley Oil refund
272.00
8.
PNC Bank - money market account
1,050.79
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
16277.26
REV-1509 EX + (6-98)
.
SCHEDULE F
JOINTLY-OWNED PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MORROW JOYCE A.
FILE NUMBER
21
06
0709
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A. Normetta Rudy
113 Old State Road, P.O. Box 29
Shermansdale, PA 17090
daughter
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JOINTLY-OWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECO'S VALUE OF
NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1. A. 2001 PNC Checking Account 1,766.85 50. 883.43
I
TOTAL (Also enter on line 6, Recapitulation) $ 883.43
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF
MORROW. JOYCE A.
FILE NUMBER
21 06
0709
DESCRIPTION OF PROPERTY
ITEM INCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE
NUMBER THE DATE OF TRANSFER. ATTACH A COPY OFTHE DEED FOR REAl ESTATE VALUE OF ASSET INTEREST VALUE
(IF APPliCABLE)
1. IRA - DWS Scudder 45,187.84 100. 45,187.84
2. The Best of America - Annuity 45,215.17 100. 45,215.17
TOTAL (Also enter on line 7 Recapitulation) $ 90403.01
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (12-99)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
MORROW JOYCE A.
ITEM
NUMBER
A.
1.
2.
B.
1.
2.
3.
4.
5.
6.
7.
8.
9
10.
11.
12.
13.
14.
15.
16.
17.
18.
FilE NUMBER
21
06
0709
Debts of decedent must be reported on Schedule I.
DESCRIPTION
AMOUNT
FUNERAL EXPENSES:
Auer Memorial Home - Cremation
Memorial following ceremony
1,320.00
170.71
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s) Normetta Rudy
Social Security Number(s)/EIN Number of Personal Representative(s) 175405749
Street Address P.O. Box 29
City Shermansdale State PA Zip 17090
Year(s) Commission Paid: 2006
15,141.06
AttomeyFees Reager & Adler, P.C. (see attached)
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
700.00
Street Address
City
Relationship of Claimant to Decedent
State
Zip
Probate Fees Cumberland County Register of Wills
450.00
Accountant's Fees
Tax Return Prepare~s Fees
Breakfasts, Lunches & Dinners for work crews during home clean out
Air conditioning repair - Justin Tiener
LB Smith Ford - Ford Taurus state inspection
Ken Smith Lawn Care
Office Max - packing tape and labels for boxes
CCS Management - storage deposit
Kern & Company - final tax returns
Triangle Car Wash - detail sedan for open house
Trash bags for house cleaning
Marshall Appliance - repair clothes dryer
Lowe's - parts to repair laundry spigots
Cumberland Law Journal - Advertising
304.58
2,300.00
379.74
560.00
17.99
25.00
350.00
109.95
34.93
60.42
3.77
75.00
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
38.779.90
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
MORROW, JOYCE A.
Decedent's Name
Page 2
21 06 0709
File Number
Schedule H - Funeral Expenses & Administrative Costs _ 87.
ITEM
NUMBER
DESCRIPTION
AMOUNT
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
Register of Wills - Additional Short Certificate
Gas for running errands in connection with cleaning out house
Transfer tax - Sale of real estate
Notary fees, Deed preparation and tax certification - sale of real estate
Check charge for estate checking account
Marie Huber, tax collector - 2006-07 school taxes
Cordier Antiques - Sales commission on home
Mailing charges
Payment for cleaning out house - 142 man hours x 10
The Sentinel - Legal Advertising
4.00
141.66
2,570.00
135.00
12.65
1,874.24
7,710.00
14.20
1,420.00
95.00
SUBTOTAL SCHEDULE H-B7
13,976.75
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
MORROW, JOYCE A.
Decedent's Name
Page 1
21 06 0709
File Number
Schedule H - Funeral Expenses & Administrative Costs - B2. Attorney Fees
ITEM
NUMBER
DESCRIPTION
AMOUNT
Reager & Adler, P.C.
2,800.00
SUBTOTAL SCHEDULE H-B2
2,800.00
REV-1512 EX + (6-9?)
.
SCHEDULE.
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
MORROW. JOYCE A.
FILE NUMBER
21
06
0709
Include unreimbursed medical expenses.
ITEM
NUMBER DESCRIPTION
1. T-Mobile - final bills
VALUE AT DATE
OF DEATH
31.42
2. Comcast Cable - final bills
69.40
3. AT&T - final bill
99.22
4. Pennsylvania American Water Co. - final bills
92.05
5. PP&L final bills
365.53
6. Verizon - final bill
64.78
7. Quantum Imaging & Therapeutic
11.51
8. Marie Huber, Tax Collector - personal taxes
10.00
9. Hampden Township - Trash & Sewer
136.40
10. Member's First FCU - Visa account payoff
13,693.91
11. AT&T Universal Card - credit card
390.65
12. Holy Spirit Hospital
952.00
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
15916.87
'~"n~.(*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF
FILE NUMBER
MORROW JOYCE A. 21 On 070~
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (al (1.2)]
1. Harriet Sue Barbaresi Lineal 149,617.11
3414 Avenida Madera
Bradenton, FL 34210
2. Norman G. Morrow, Jr. Lineal 149,617.11
9144 Willow Brook Drive
Sarasota, FL 34238
3. Normetta G. Rudy Lineal 149,617.11
113 Old State Road
Shermansdale, PA 17090
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
REV-1500 Discount, Interest and Penalty Worksheet
Discount Calculation
Total Amount Paid within three calendar months of the decedent's date of death:
18.500.00
Discount:
973.66
Interest Table
-.--.----
i Days Delinquent Balance Due Interest
I Year
I this time period this year this period
Before 1981
L 1982
~
1984
~985 i -t
1986
11987 1-
1988 through 1991
1992
~1993 through 1994
~ 1995 through 1998
1999
f2000 =-~ .
~ 2001
2002
1 2003 -1
~OQ~________+
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L TOTALS
Penalty Calculation
If the decedent's date of death was on or before March 31. 1993, insert the applicable amount:
Total Balance Due on January 17,1996:
Penalty: _________~
"
11Ia!lt Jlill atW QIt!ltanwnt
OF
JOYCE A. MORROW
I, JOYCE A. MORROW, of the Borough of Mechanicsburg, Cumberland
County, Pennsylvania, make, publish and declare this to be my Last Will
and Testament, hereby revoking any and all former wills by me at any time
heretofore made.
ITEM I:
I direct the payment of my just debts and funeral expenses
as soon after my death as will be convenient to my Executor hereinafter
named.
ITEM II:
I give, devise and bequeath all of my estate, whether
real, personal or mixed, and wheresoever situate at the time of my death
to my husband, Norman G. Morrow.
ITEM III:
Should my husband, Norman G. Morrow, fail to survive me,
and my daughter, Harriet Sue Morrow, be still pursuing her education and
not have completed her four year college education, then I give, devise
and bequeath all of my estate, whether real, personal or mixed, and
wheresoever situate to Cumberland County National Bank and Trust Company,
IN TRUST, NEVERTHELESS, to provide for Harriet's care and support and all
of the expenses of such education, including tuition, books, fees, room
and board, either by payment directly to the beneficiary or to the school
on her behalf, using income and any part or all of the principal in order
to accomplish the purpose of the Trust. The Trust shall terminate upon
Harriet's graduation from college or any other termination of her four
year college education. Upon termination any income or principal remain-
ing in the Trust shall be distributed in the same manner as set forth in
Item IV of this Will.
The right of any beneficiary or remainderman to any proceeds of the
Trust shall not be subject or liable in any manner to or for any anti-
~
ITEM IV: Should my husband, Norman G. Morrow, fail to survive me
and my daughter, Harriet Sue Morrow, have completed her college education,
as set forth in Item III of this Will, then I give all the rest, residue
and remainder of my estate in equal shares to my children, Normetta Gail
R~dy, Norman G. Morrow, Jr., and Harriet Sue Morrow, absolutely.
ITEM V: Should any guardian be necessary for my daughter, Harriet
Sue Morrow, I appoint Cumberland County National Bank and Trust Company
to act as guardian of the estate of such child and my daughter, Normetta
Gail Rudy to be the guardian of the person.
ITEM VI: I nominate, constitute and appoint my husband, Norman G.
Morrow, to be the Executor of this, my Last Will and Testament, and should
he be unable or unwilling to act for any reason, I appoint my daughter,
Normetta G. Rudy, to act as Executrix and, should she be unable or
unwilling to so act I appoint Cumberland County National Bank and Trust
Company to be said Executor. No Executor or guardian shall be required
to give any bond or other security for the faithful performance of their
duties.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 27th
day of March
, A.D. 1973.
//1 '
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(SEAL)
Signed, sealed, published and declared by JOYCE A. MORROW, the above
named Testatrix, as and for her Last Will and Testament, in the presence
of us, who, in her presence, at her request and in the presence of each
other have hereunto subscribed our names as witnesses.
//l
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A. ~.~ ~"',~' '- B. TYPE OF LOAN:
u.s. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT 1.DFHA 2.0FmHA 3. ~CONV. UN/NS. 4.0VA 5.0CONV. INS.
6. FILE NUMBER: /7. LOAN NUMBER:
SETTLEMENT STATEMENT 06-673 9064301648
8. MORTGAGE INS CASE NUMBER: OLD MORTGAGE INS CASE NUMBER:
1368/F/7.50 SKS
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked 'TPOC)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
1.0 3/98 (BABNER.CA THERINE.PFDI06-673/1 0)
D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER:
Catherine J. Babner Estate of Joyce A. Morrow First Magnus Financial Corp.
316 Indian Creek Drive 603 N. Wilmot
Mechanicsburg, PA 17050 Tucson, AZ 85711
G. PROPERTY LOCATION: H. SETTLEMENT AGENT: 25-1857112 l. SETTLEMENT DATE:
316 Indian Creek Drive Midstate Abstract Company
Mechanicsburg, PA 17050 November 8, 2006
Cumberland County, Pennsylvania PLACE OF SETTLEMENT
2331 Market Street
Camp Hill, PA 17011
J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
101. Contract Sales Price 257,000.00 401. Contract Sales Price 257,000.00
102. Personal Property 402. Personal Property
103. Settlement Charges to Borrower (Line 1400) 88,555.32 403.
104. 404.
105. 405.
Adjustments For Items Paid By Seller in advance Adjustments For Items Paid By Seller in advance
106. CitylTown Taxes to 406. CitylTown Taxes to
107. Cou nty Taxes 11/08/06 to 01/01/07 75.33 407. County Taxes 11/08/06 to 01/01/07 75.33
108. School Taxes 11/08/06 to 07/01/07 1,224.89 408. School Taxes 11/08/06 to 07/01/07 1 224.89
109. Sewer/Refuse 11/08/06 to 01/01/07 72.78 409. Sewer/Refuse 11/08/06 to 01/01/07 72.78
110. Credit for Sewer Overpayment 12.40 410. Credit for Sewer Overpayment 12.40
111. 411.
112. 412.
120. GROSS AMOUNT DUE FROM BORROWER 346,940.72 420. GROSS AMOUNT DUE TO SELLER 258,385.40
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201. Deposit or earnest money 20,000.00 501. Excess Deposit (See Instructions)
202. Principal Amount of New Loan(s) 205,600.00 502. Settlement Charges to Seller (Line 1400) 2,705.00
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
204. 504. Payoff of first Mortgage
205. 505. Payoff of second Mortaaae
206. 506. Deposit retained by seller 20,000.00
207. 507.
208. 508.
209. 509.
Adjustments For Items Unpaid By Seller Adjustments For Items Unpaid By Seller
210. CitylTown Taxes to 510. CitylTown Taxes to
211. County Taxes to 511. County Taxes to
212. School Taxes to 512. School Taxes to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
218. 518.
219. 519.
220. TOTAL PAID BY/FOR BORROWER 225,600.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 22,705.00
300. CASH AT SETTLEMENT FROMITO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER:
301. Gross Amount Due From Borrower (Line 120) 346940.72 601. Gross Amount Due To Seller (Line 420) 258,385.4
302. Less Amount Paid By/For Borrower (Line 220) ( 225,600.00) 602. Less Reductions Due Seller (Line 520) ( 22,705.0
303. CASH ( X FROM) ( TO) BORROWER 121,340.72 603. CASH ( X TO) ( FROM) SELLER 235,680.4
UMB NO 2502 0265 --
o
o
o
The undersigned hereby acknowledge receipt of a completed copy of pages 1 &2 of this statement & any attachments referred to herein.
Borrower "fi- ~ c~~~
Catti rine J. Babner
Seller ~ g.
Estate of Joyce A. Morrow
~
-. . . SETTLEMENT CHARGES
~ 700. tOtAL COMMISSION Based on Price $ @ % PAID FROM PAID FROM
Division of Commission (line 700) as Follows: BORROWER'S SELLER'S
701.$ to FUNDS AT FUNDS AT
702. $ to SETILEMENT SETILEMENT
703. Commission Paid at Settlement
704. to
BOO. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Origination Fee 2.0000 % to Freedom Home Mortgage 4,112.00
802. Loan Discount % to
803. Appraisal Fee to First Magnus Financial Corp. POC:B300.00
804. Credit Report to
805. Lender's Inspection Fee to
806. Tax Service Fee to First Ma~mus Financial Corp. 80.00
807. Processing Fee to Freedom Home Mortgage 495.00
808. Flood Certification Fee to First Magnus Financial Corp. 15.00
809. Commitment Fee to First Magnus Financial Corp. 550.00
810. Yield Spread Premium to Freedom Home Mortgage POC: Lender $514.00
811.
gOO. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest From 11/08/06 to 12/01/06 @ $ 39.978000/day ( 23 days %) 919.49 i
902. Mortqaqe Insurance Premium for months to I
903. Hazard Insurance Premium for 1.0 years to
904.
905.
1000. RESERVES DEPOSITED WITH LENDER
1001. Hazard Insurance months ~ $ per month
1002. Mortqaqe Insurance months ~ $ per month
1003. CitylTown Taxes months ~ $ per month
1004. County Taxes months ~ $ per month
1005. School Taxes months @ $ per month
1006. months . @ $ per month
1007. months @ $ per month
1008. months @ $ per month
1100. TITLE CHARGES
1101. Settlement or Closinq Fee to
1102. Abstract or Title Search to
1103. Title Examination to
1104. Title Insurance Binder to
1105. Electronic Document Prep. to Midstate Abstract Company 50.00
1106. Closinq Service Letter to Midstate Abstract Company 35.00
1107. Attorney's Fees to Reager & Adler, P.C. Deed Preparation 125.00
(inclUdes above item numbers: )
1108. Title Insurance to MIDSTATE ABSTRACT 1 643.75
(inc/udes above item numbers.11 02, 1103 & 1104 )
1109. Lender's Coverage $ 205,600.00
1110. Owner's Coverage $ 257,000.00 1,643.75
1111. Endorsements 100, 300, 8.1,820 to Midstate Abstract Company 200.00
1112. Notary Fee to Midstate Abstract Company. 10.00
1113. Notary Fee to Midstate Abstract Company 5.00
1114. Overnight Fees & Handling to Midstate Abstract Company 30.00
1115. Wire Transfer Fee to Midstate Abstract Company 10.00
1116. Payoff Mortgage 159 N. Locust to Bank of America 0063814650 77,574.08
1117.
1118.
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording Fees: Deed $ 40.50; Mortgage $ 72.50; Releases $ 113.00
1202. City/Counlv TaxlStamps: Deed 2,570.00' Mortqaqe 2,570.00
1203. State TaxlStamps: Deed 2 570.00; MortqaCle 2570.00
1204.
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to
1302. Pest Inspection to
1303. Tax Certification to Marie Huber, Treasurer 10-19-1600-160 5.00
1304. Sears/CBSD to Sears/CBSD 504994014550 148.00
1305. /7
1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K // ..e;;:;- 88,555.32 2,705.00
"..""~~'"~ ~._, 'oo___~....... -"""_.'-'"~~-'A ~ ~
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Mic(sfate Abstract ;tOiiipany ,
L
Certified to be a true copy.
Settlement Agent