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IN THE MATTER OF:
THE OSMUN FAMILY TRUST
UIA Dated January 30, 1997
: IN THE COURT OF COMMON PLEAS
: CUMBERLAND COUNTY, PENNSYLVANIA
: ORPHANS' COURT DIVISION
: No. 21-06-92
RECEIPT AND RELEASE AGREEMENT
WHEREAS, The Order of the Orphans' Court, dated November 28,2006, approved and
confirmed absolutely the First and Final Account of Community Trust Company, as
Trustee for the Osmun Family Trust, and ordered distribution to be made in accordance
with the Statement of Proposed Distribution;
WHEREAS, The aforesaid Statement of Proposed Distribution provides that Neil C.
Osmun shall receive sixty percent (60%) or the sum of $71,791.19 as a remainder
beneficiary of the Osmun Family Trust (hereinafter called the "Trust");
WHEREAS, The aforesaid Statement of Proposed Distribution provides that E. Richard
Osmun shall receive forty percent (40%) or the sum of $47,860.79 as a remainder
beneficiary of the Trust;
WHEREAS, The said Trustee, has incorporated into this Receipt and Release, a revised
Statement of Proposed Distribution that sets forth the income received and expenses paid
by the Trust, between October 15,2006 (the end date of the First and Final Account) and
December 14,2006.
NOW THEREFORE WITNESSETH, that, for and in consideration of his receipt of
$48,166.30, E. Richard Osmun (hereinafter called the Undersigned") hereby acknowledges
that he has reviewed the revised Statement of Proposed Distribution and that he is
satisfied that it is proper and correct and does hereby remise, release quitclaim, and
forever discharge Community Trust Company, Trustee as aforesaid, its successors and
assigns, of and from the duties of said Trust and of and from all actions, suits;-:payments~:
accounts, reckonings, claims and demands whatsoever, for or by reason then;6ff~ ;::_;
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STATEMENT OF PROPOSED DISTRIBUTION,
REVISED AS OF DECEMBER 14,2006,
FOR THE OSMUN F AMIL Y TRUST
UNDER AGREEMENT. DATED JANUARY 30. 1997
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Proposed Distribution on October 15.2006
To: Neil C. Osmun per the Statement of Proposed Distribution
To: E. Richard Osmun per the Statement of Proposed Distribution
$71,791.19
$47.860.79
October 15,2006 - Distributable Total in Cash
$119.651.98
Receipt and Release for The Osmun Family Trust
Page I
~
Income Received after October 15,2006
10/31/2006 Dividend Federated Government Obligations Fund #395 $
527.79
11/30/2006 Dividend Federated Government Obligations Fund #395
512.02
Expenses Paid after October 15,2006
12/07/2006 Trustee Fee for one month ending 11/30/2006
$ (137.85)
(138.19)
11/06/2006 Trustee Fee for one month ending 10/31/2006
Net Change to Distributable Cash $
736.75
Distributable Cash Baiance on December 14, 2006
October 15,2006 - Distributable Total in Cash
$119,651.98
Net Change to Distributable Total
$
736.75
December 14,2006 - Distributable Total in Cash
$120.415.73
Distributive Shares as of December 14. 2006
To: E. Richard Osmun
Sixty percent (60%) of$120,415.73
Forty percent (40%) of$120,415.73
$72,249.43
$48,166.30
To: Neil C. Osmun
Total of Distributive Shares $120.415.73
THE UNDERSIGNED, further agrees to indemnify and hold harmless Community
Trust Company, Trustee as aforesaid, it successors and assigns, from and against all
claims, loss, liability or damage which it may suffer or to which it may be subject by
reason of the distribution described above, and the undersigned agrees to pay the Trustee
any amount up to, but not to exceed, the value ofthe above described distribution that
may be necessary in the future to discharge any liabilities of the said Osmun Family
Trust.
WITNESSETH my hand and seal this .22.day of December 2006.
WITNESS:
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t:'~~Seal)
E. Richard Osmun
Receipt and Release for The Osmun Family Trust
Page 2
COMMONWEALTH OF PENNSYLVANIA )
fl ' - ) SS:
COUNTY OF l,i) ~ ~'f>.-rlCUt\d )
On this ~(lJ day of December 2006, before me a Notary Public, the undersigned
officer, personally appeared E. Richard Osmun known to me (or satisfactorily proven) to
be the person whose name is subscribed to the foregoing Receipt and Release, and
acknowledged that he executed the same for the purposes therein contained.
WITNESS my hand and Official Seal
c:K~enCV>t,
Notary Pubhc
My Commission Expires:
NotarIal Seal
Rebecca J. Clark, Notary Public
Hampden Twp., Cumberland County
My Commission Expires Dec. 17, 2010
Member, Pennsylvania AssociatIon of Notaries
Receipt and Release for The Osmun Family Trust
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