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HomeMy WebLinkAbout02-20-07 --.J 15056041147 REV.1500 EX (06-05) PA Department of Revenue Bureau of Individual Taxes PO BOX.280601 Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death OFFICIAL USE ONLY .. County Code Year INHERITANCE TAX RETURN 2 1 RESIDENT DECEDENT 2 0 0 \J) File Number 0536 Date of Birth 165340250 05172006 06151941 Decedent's Last Name Suffix Decedent's First Name JOSEPH MI A BRITT (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW o 1. Original Return o 4. Limited Estate ',.1 6. Decedent Died Testate ~ (Attach Copy of Will) o 9. Litigation Proceeds Received 0 2. Supplemental Return 0 3. Remainder Return (date of death prior to 12-13-82) 0 4a. Future Interest Compromise 0 5. Federal Estate Tax Return Required (date of death after 12-12-82) 0 7. Decedent Maintained a Living Trust 1 8. Total Number of Safe Deposit Boxes (Attach Copy of Trust) 0 10 Spousal Poverty Credit (date of death 0 11. Election to tax under Sec. 9113(A) . between 12-31-91 and 1-1-95) (Attach Sch. 0) CORRESPONDENT. THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number RALPH H. WRIGHT 7177614540 Firm Name (If Applicable) JOHNSON, DUFFIE REGISTER OF WILLS USE ONLY First line of address ---..: 301 MARKET STREET ,~~0 Second line of address t',.) c;:,) City or Post Office LEMOYNE DA:r~FILED State PA ZIP Code 17043 .: ---i i'\) r,,::) C~) Correspondent's e-mail address: Under penalties of perjury, 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 URE OF PER N RESPONSIFE FOR IlING RE URN DATE I . C Mary Britt England 2 - , y. D {. 17110 ".. Ralph H. WRIGHT DATE ~ Ie .!. ~ 7 301 Market Street, Lemoyne, PA 17043 Side 1 L 15056041147 15056041147 --.J PA Inheritance Tax Return Signature of Additional Fiduciaries ESTATE OF FILE NUMBER BRITT, Joseph A 21-2006-0536 Under penalties of perjury, 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. Signature #2 Name Address1 Address2 City, State, Zip Date Signature #3 Name Address1 Address2 City, State, Zip Date k~~ ,Ij~~ Susan M Britt 1614 Fox Hollow Road Mechanicsburg, PA 17055 ~~~~ Joann Britt Decker 1053 Swarthmore Road New Cumberland, PA 17070 ~ 15056042148 REV-1500 EX Decedent's Name: JOSEPH A BRITT Decedent's Social Security Number 165340250 RECAPITULATION 1. Real Estate (Schedule A).......................................................................................... 1. 149,091.20 44,732.00 2. Stocks and Bonds (Schedule B)............................................................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3. 4. Mortgages & Notes Receivable (Schedule D).......................................................... 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)................ 5. 11,576.47 6. Jointly Owned Property (Schedule F) D Separate Billing Requested............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) D Separate Billing Requested............. 7. 8. Total Gross Assets (total Lines 1-7)....................................................................... 8. 10,820.94 216,220.61 21,770.37 9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10. 77,599.21 11. Total Deductions (total Lines 9 & 10)...................................................................... 11. 99,369.58 116,851.03 12. Net Value of Estate (Line 8 minus Line 11)............................................................. 12. 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J)................................................. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13)................................................. 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) X ~ 16. Amount of Line 14 taxable at lineal rate X .045 17. Amount of Line '14"taXable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 116,851.03 o . 0 0 15. 0.00 16. 5,258.30 17. 0.00 18. o . 0 0 19. 5,258.30 116,851.03 0.00 0.00 19. Tax Due............... .................... ....... .................. ..... ....................... .......... ................... 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. o Side 2 L 15056042148 15056042148 ~ REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-2006-0536 DECEDENT'S NAME Joseph A BRITT STREET ADDRESS 22 Wayne Avenue CITY I STATE !ZIP New Cumberland PA 17070 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1 ) 5,000.00 262.92 (2) Total Credits (A + B + C) 3. Interest/Penalty if applicable D. Interest E. Penalty TotallnterestlPenalty (D + E) 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 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. (3) (4) (5) (5A) (5B) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT 5,258.30 5,262.92 4.62 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?..................................................................................................................... [!] D IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;......................................................................... b. retain the right to designate who shall use the property transferred or its income;.................................... c. retain a reversionary interest; or.................................................................................................................. d. receive the promise for life of either payments, benefits or care?.............................................................. 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?............ ................... ...... .................... ................... ................. .......................... Yes D D D D D D No [!] [!] [!] [!] [!] [!] 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 three (3) percent [72 P .5. S9116 (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 zero (0) percent [72 P.S. S9116 (a) (1.1) (ii)]. 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 zero (0) percent [72 P.S. S9116 (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 four and one-half (4.5) percent, except as noted in 72 P.S. S9116 1.2)[72 P.S. S9116 (a) (1)). The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. S9116 (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-1{,02 EX+ (6-98) *' SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF All rea' property owned solely or as a tenant In common must be reported at lair 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 property which Is jolntly-owned with right 01 survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Residence -located at 22 Wayne Avenue, New Cumberland, Cumberland County. Recorded in Deed Book 266, Page 3323. Tax Parcel No. 25-25-0006-477. Property appraised by Karen Darney, RSR Realtors. A copy of the appraisal is attached to this Return VALUE AT DATE OF DEATH 92.000.00 2 Residence located at 1295 Letchworth Road, Camp Hill - Joint property owned as Tenants in Common with Decedent and ex-wife. Deed dated June 12th, 1968 in Deed Book 0 Volume 22, Page 841. Value of property based on 2006 Assessed Value of 100,160 x the Cumberland County Common Level ratio of 1.14 total value $114,182.40. A copy of the Deed, Divorce Settlemtn Agreement and Divorce Decree are enclosed as Exhibits 57.091.20 TOTAL (Also enter on Line 1, Recapitulation) 149.091.20 (II more space is needed, additional pages 01 the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 6-98) Rev.1603 EX+ (6.98) *' SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF All property Jolntly.owned with right of survivorship must be disclosed on Schedule F. ITEM CUSIP VALUE AT DATE NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH 1 459200101 516.414 shares of International Business Machines 81.616000 42.147.65 (IBM) - Common Stock 2 754603AB4 95.93 shares of Tyco Inti Ltd New - Common Stock 26.94 2.584.35 TOT AL (Also enter on Line 2, Recapitulation) 44.732.00 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-16'08 EX+ (6-98) *' SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT OECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF Include the proceeds of Irtigation and the date the proceeds were received by the estate. All property jolntly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 United States Treasury - Social Security Payment VALUE AT DATE OF DEATH 1.604.88 2 Americhoice -01 Senior Shares Account 1.300.00 3 Americhoice Suffix 13 - Share Draft Account 1.604.88 4 Americhoice Suffix -2 Sub Share Account 4.656.71 5 1984 Pontiac Fiero - Donated to The Kidney Foundation of Pennsylvania 500.00 6 1996 Ford Ranger Pick up Truck - Valued using Kelly Blue Book. 1.910.00 TOTAL (Also enter on Line 5, Recapitulation) 11.576.47 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) Rov.1;&10 EX+ (6-98) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF This schedule must be completed and filed ~ the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. 1 Americhoice Suffix 20 Account - IRA Shares 8.632.51 100.000 8.632.51 2 Americhoice Suffix 21 Account - Roth IRA Shares 2.188.43 100.000 2.188.43 TOTAL (Also enter on Line 7, Recapitulation) 10.820.94 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) REV-1161 EX+ (12-99) SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 14,610.68 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Social Security Number(s) I EIN Number of Personal Representative(s): Street Address " City State Zip - Year(s) Commission paid 2. Attorney's Fees Johnson, Duffie 5,600.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 295.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 150.00 7. Other Administrative Costs 1,114.69 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 21,770.37 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-U02 EX+ (6-98) *' SCHEDULE H-A FUNERAL EXPENSES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF ITEM NUMBER DESCRIPTION AMOUNT 1 Parthemore Funeral Home & Cremation Services, Inc. 13.683.04 2 Sausser Monument and Memorial Co. - Inscription 150.00 3 St. Theresa Catholic Church 25.00 4 The Mechanicsburg Club - Funeral Reception 752.64 Subtotal 14.610.68 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-A (Rev. 6-98) Rev-1ft02 EX+ (6-98) . SCHEDULE H-87 OTHER ADMINISTRATIVE COSTS continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF ITEM NUMBER DESCRIPTION AMOUNT 1 Cumberland County Register of Wills Office - Filing Fees for Inheritance Tax and Inventory 30.00 2 Cumberland County Register of Wills Office - Filing Fee for Petiton for Sale of 15.00 Property 3 Karen Darney, Certified Appraiser - RSR Realtors, Inc. 350.00 4 R.F. Fager Company - Expenses for repairs to kitchen sink in Residence 15.62 5 Reserves: Out of Pocket Costs 400.00 6 The Cumberland Law Journal - Notice of Estate Administration 75.00 7 The Patriot News - Notice of Estate Administration 181.77 8 The Patriot News Co. - Advertisement for Sale of Automobile 27.00 9 UPS Charges - 401 K Package Deliveries 20.30 Subtotal 1.114.69 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rey-lf,12 EX+ (6.98) . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF Include unrelmburnd medicI' expenses. ITEM NUMBER DESCRIPTION 1 ABN AMRO Mortgage Services - Mortgage on 22 Wayne Avenue, New Cumberland, PA. Loan No. 0647478759 VALUE AT DATE OF DEATH 68.442.81 2 Alex Resetar 100.00 3 Amanda Kissinger 50.00 4 American Express Credit Services 19.85 5 Americhoice Federal Credit Union Home Equity Loan 4.268.34 6 Americhoice Loan Payoff Fee 28.50 7 Anthony Britt 100.00 8 Bethesda Mission - Donation 15.00 9 Borough of New Cumberland - Sewer and Trash Invoice 64.88 10 Brennen Resetar 100.00 11 C.F. Acri & Sons, Inc. - Plumbing Services for Residence 58.00 12 Check Clearing after date of Death 64.80 13 Com cast 4.61 14 Evan Resetar 100.00 15 IBM Medical Benefits 98.00 Total of Continuation Schedule(s) See attached page TOTAL (Also enter on Line 10, Recapitulation) 77,599.21 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) Rev-1V12 EX+ (6-98) *' SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS continued COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT BRITT, Joseph A FILE NUMBER 21-2006-0536 ESTATE OF ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 16 Joann Decker - Reimbursement for debts paid prior to establishing estate checking account 766.43 17 L.B. Smith Ford - Maintenance to Automobile 257.98 18 L.B. Smith Ford - Truck Repair 785.06 19 Lowe's Home Improvement Store - Purchase of home improvement items for 642.98 Decedent's Residence 20 Mary England - Reimbursement for payment of Truck Registration 58.50 21 PA American Water - Account No. 24-1653939-9 88.15 22 PA American Water 20.43 23 Penn National Insurance 98.00 24 Pennsylvania Power and Light - - Account No. 91401-27018 173.00 25 Premier Eye Care - For Services Prior to Death 211.38 26 Robin Gasperetti - Tax Collector - 2006-2007 School Real Estate Taxes 841.70 27 UGI- Customer No. 213 144 3392 52 117 .95 28 Verizon - - Account No. 717 761 643271316 Y 22.86 TOTAL (Also enter on Line 10, Recapitulation) 77 .599.21 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) REV-~613 EX+ (9-00) . SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT NUMBER BRITT, Joseph A NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal aistributions, and transfers under Sec. 9116(a)(1.2)] RELATIONSHIP TO DECEDENT 00 Not List Trustoo(s) FILE NUMBER 21-2006-0536 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) ESTATE OF I. Susan M Britt 1614 Fox Hollow Road Mechanicsburg, PA 17055 Daughter 1/3rd of Intestate Estate Joann Britt Decker 1053 Swarthmore Road New Cumberland, PA 17070 Daughter 1/3rd of Intestate Estate Mary Britt England 2432 North 2nd Street Harrisburg, PA 17110 Daughter 1/3rd of Intestate Estate Total 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 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) ESTATE OF MARLIN L. HESS SCHEDULE OF EXHIBITS EXHIBIT A Appraisal by RSR Appraisers & Analysts performed by Karen Darney for 22 Wayne Avenue, New Cumberland, Cumberland County EXHIBIT B Deed for property at 1295 Letchworth Road, Camp Hill, Cumberland County EXHIBIT C Divorce Settlement Agreement and Divorce Decree showing property as Tenants in Common for Letchworth Drive property. EXHIBIT D Valuation of 1984 Pontiac Fiero EXHIBIT E Valuation of 1996 Ford Ranger :291991 EXHIBIT A ]I'll': 11]0 l'O~ 11':" ~""h' ")"''l!f''" ' '.., ""~_" APPRAISAL OF REAL PROPERTY LOCATED AT: 22 Wayne Avenue Borough of New Cumberland, Cumberland County New Cumberland, PA 17070 FOR: ESTATE OF JOSEPH A BRITT Johnson, Duffie, Stewart & Weidner, P,C, 301 Market Street, PO Box 109 Lemoyne, PA 17043-0109 AS OF: May 17, 2006'" BY: Karen Darney, PA State Certified General Real Estate Appraiser RSR Appraisers & Analysts 3 Lemoyne Drlve, Suite 100 Lemoyne, PA 17043 LG, Connor Real Estate Appraisers Form GA2 - "TOTAL tor Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE lille I\1U. UO- IJO I File No 06-136 July 17, 2006 Johnson, Duffie, Stewart 7 Weidner, P.C. A TIN: Dana Wieseman, Paralegal 301 Market Street, PO Box 109 Lemoyne, PA 17043-0109 RE: Estate of Joseph A. Britt 22 Wayne Avenue, New Cumberland, PA 17070 Dear Dana: Pursuant to your request, I have prepared a Complete Appraisal, Summary Report for the property captioned in the "Summary of Salient Features" which follows. The accompanying report is based on a site inspection of improvements, investigation of the subject neighborhood area of influence, and review of sales, cost and income data for similar properties. This appraisal has been made with particular attention paid to the applicable value influencing economic conditions and has been processed in accordance with nationally recognized appraisal guidelines. The value conclusions stated herein are as of the date as stated in the body of the appraisal and contingent upon the certifications and limiting conditions attached. Please do not hesitate to contact me if I can be of additional service to you. Respectfully, ~AJ DU~/ Karen Darney Pennsylvania State Certified General Re I Estate Appraiser Form OCVR - "TOTAL for Windows" appraisal software by a la mode, inc. - l-BOO-ALAMOOE ll.!l!:_I~ SUMMARY OF SALIENT FEATURES Subject Address 22 Wayne Avenue Legal Description Deed Book 266, Page 3323 City New Cumberland County Cumberland State PA Zip Code 17070 Census Tract 25420-0108.00 Map Reference ADC3119B5 Sale Price $ NA Date of Sale NA Borrower I Client NA Lender JOhnson,Duffie,Stewart&Weidner, P.C. Size (Square Feet) 672 Price per Square Foof $ Location Average Age 62 years Condition Average Total Rooms 4 Bedrooms 2 Baths 1 Appraiser Karen Damey, Certified General Real Estate Appraiser Date of Appraised Value May 17, 2006""" (Retrospectiive Market Value as of the Date of Death) Final Estimate of Value $ 92,000 Form SSD - "TOTAL for Windows" appraisal software by a ia mode, inc. -1-BOO-ALAMODE Pro !erN Dese i lion File No, 06-136 ProoerIY Address 22 Wayne Avenue City New cumbe!J~!1sL~_ ____ _ Stale PA lip Code 17070 Leoal Descriotion Deed Book 266 Pane 3323 __~___C_oynty Cumberland Assessor's Parcel No. 25-25-0006-477 Tax Vear 05-06 .Bil<l1<(!!;,.$l.~_~!U~--..fu!ecial Assessments ~____ Borrower NA Current Owner Josenh A. Bntt Estate Occuoantn Owner i- Tenant 1')< Vacant ProperlY riohts aooraised rx1 Fee Sim Ie rl Leasehold Pro'ect Tvne r -1 PUD I I Condominium IHUDNA onlv\ HOA ~ NA /Mo. Neiohborhood or Project Name Rosemont Addition 1/ New Cumberland Boro M~f!lr.mJRt\.QQ...31J!lJlJL____-------.l&n_sus 1):~~L25420-01~ Sale Price ~ NA Date 01 Sale NA Descrlntlon alJ!!jjlmou!JLQ!Jllan ch~Oll,!ss.!!JnsJokMiJilly_S!!JM~_~ ,- Lender/Client JOhnson,Duffie Stewart&Weldner P.C. Address 301 Market Street, PO Box ~~"!qYr1e, PA 17043-0109 Annralser Karen Darnev, Cert Gen'l R E Aooralser Address 3 Lemovne Drive Suite 100 Lemovne PA 17043 Location o Urban [g] Suburban o Rural Predominant _l!In~e family housing Present lend use % Land usa change Built up [g] Over 75% o 25-75% o Under 25% occupancy PRI AGE One family ~_ [g] Not likely n Likely $(000) (yrs) Growth rate o Rapid [g] Stable o Slow [g] Owner ~ Low _ New _ 2-4 family ~. o In process Property values [g] Increasing o Stable o Declining o Tenant 300+ Hloh 100+ Multi-family -L_ To: Demand/supply 0 Shortage [g] In balance 0 Over supply ~ Vacant (0-5%) ,..,',.IPredommant I Commercial 5 Marketinn time F1 Under 3 mos. /Xi 3-6 mos. n Over 6 mos. Fj Vac.laver5%1 120-130 60-7lL______. - --~---~"------- Note: Race and the facIal composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: The neighborhood boundaries are indicated on the e!1~(J~I~cl..neighborhood map In the addenda of this report. Immediate neiohborhood is residential in nature. Located In far southwestern corner9f the borouJltt. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): . Schools, Shopping, employment, recreation and houses of worship are all within walking or a 15-30 minute driving time of the sublect .. propertv. Averaae nronertv maintenance nronrams were observed. E~ment sta.~ood due to the State Capital in Harrisburg, the Army Supply Depot in New Cumberland and the Naval Suoolv Deoot in Mechanlcsburg and J!:t~~andlng west shore area. Steady price increases and MLS statistics show a oood demand for the area. The borough park is two blocks east of the su):l~ct. The Capital City Airport is within a mile. Industrial buildina is to the rear, which should not affect marketabilitL_____ Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property valuas, demand/suppiy, and marketing time -- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): County tax records and MLS statistics show nrices to be stable. The MLS shows that the ty~ mark!l!!!!9 time for the area Is 3-6 months. MortQage funds are readilv available with conventional loans belno 6.5% to 7.5% interest:,Jix.El.c1_:lQyear, 95% mortgage with up to three oolnts. Sellers are not required to offer sales or financing concessions, but seller assistance~_o~.llrrif1g. There Is a demand for properties in this Drice ranae. ..-- _._--~--_.._--- - Project Informallon for PUOs (If applicable) - - Is the developerlbuilder in control of fhe Home Owners' Association (HOA)? LJ Ves [] No Approximate total number 01 units in the subject project ~~-- Approximate total number of units for sale in the subject project Describe common elements and recreational lacilities: Dimensions 50' x 10B.2' _ T Op0918phy ~ht incline to rear Sile area 5,410 sf or 0.12 acre Comer Lot 0 Ves ~ No Size Averaae for area Specific zoning classification and description R-1 Residential ..~ Shape Rectanaular Zoning compliance ~ Legal 0 Legai nonconforming (Grandfathered use) lJ Illegal o No zoning [)lainage Appears Adeauate Hiohest & best use as im"roved: r/I Present use n Other use le""laint View Average Street Utilllle. Public other Off-sile Improvements Type Public Private Landscaping Average for area Electricity [g] Street Macadam I:'SJ 0 Driveway Surtace Concrete brick Gas [g] Curb/gutier Concrete __ ~ 0 Apparent easements Standard utllitv easements Water [g] Sidewalk Concrete [g) D FEMA Special Flood Hazard Area elVes ~ No Sanilal}' sewer ~ Street lights Adequate I2'J D FEMA Zone C Map Dale 2-16-77____ Storm sewer Ailev --L-L___LL -"- None Fi;MA~R No 4203660001 B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legai nonconlorming zoning use, etc,): Standard easements for electric teleohOne, etc. There were no known or apparent adverse easements, encroachments~~onditions that would neaatlvelv imoact on the value of the subiect orooertv. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No. 01 Units 1 Foundation Concrete Blo<<.~ Slab ~---- Area Sq. Ft. 672 Rool _D No. 01 Stories 1 Exterior Walls Aluminum Crawl Space ~______ % Finished .9__ Ceiling _ 0 Type (Det/Att.) Detached Roof Surtace Asoh.Shinale Basement ~__ ____ Ceiling Unfinished Wails --- [] Design (Style) Ranch Gutiers & Dwnspts. Alum/Alum Sump Pump None _._ Walls Unfinished Floor _0 Existing/Proposed Exislina Window Type WdDble~ Dampness None noted Floor Cemen\._ None _0 Age (Vrs.) 62 Storm/Screens PartlYes Settlement Due To Ag~____ Outside Entry Yes UnknawlL....... _ _ ~ Effective Aoe IVrs.) 45 Manufactured House No Infestallon None noted ROOMS Faver L1vinn Dlninn Kitchen Den Famil Rm. Rec. Rm. ~d~ _LIlilltIL J",~ Other Area Sn. Ft. : Basement -- 672 Level 1 1 1 ~-- ~..L._ ---- 672 Level 2 ---- --. ~~-~ --- "-.. -- Finished area above nrade contains: 2 Bedroomls\' 1 Bathls\: -- ----- . 4 Rooms' 672 S uare Feet 01 Gross Livlnn Area INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: - Floors Wood Ceramic/Avn Type FWA Refrigerator 0 None lJ Fireplace(s) # __ 0 None CS<I Walls Plaster/Avo Fuel Gas Range/Oven ~ Stairs [] Patio .B~ar__..~ ~ Garage # of cars Trim/Finish Wood/Painted/Avo Condition Averane Disposal [J Drop Stair [J Deck _~O Attached Bath Floor Vinyl/Ava COOLING None Dishwasher 0 Scuttle ~J Porch ____.._..___ 0 Detached -- Bath Wainscot Flberolass/Avo Central None Fan/Hood [><J Floor [J Fance ___._ 0 Built-In Doors Wood/Ava other None Microwave 0 Heated FI Pool_.._______ Fi Carport Condition NA Washer/Drver n Finished Shed 10x7.5 Drivew:w 2 car Additional features (special energy efficient items, etc.): Ceiling fan/light fixtures i!1 each bedroam:Jlg.b.'--e.d...QIl)~~~: ceramic tile floor and recessed Iiohtino in kitchen; Humidifier on furnace. -'----'._--_..__.._--~------ Condition of the Improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: The h_~ in average condition. There were no apparent functional inadequacies. The construction~ij!yi!..tYjlical for the area. The estimated effective aoe is below the actual aoe due to maintenance condition, and comoarison to comoetif19...!!.!lJghborhoods. Physical depreciation is attributed to aae and deferred maintenance. Unless otherwise stated, no Items were observe<!.1h,,!~uld re.<I;!ire (See Addendum) Adverse environmental conditions (such as, but not Iimiled to, hazardous wastes, toxic substances, etc.) present In the improvements, on the site, or In the Immediate vicinity of the subject property.: The property is of an age where iead based paint f!l.!!Y..~e.Rresent. The market does not penalize the property, but the client should be advised of its oosslble existence. It is assumed that it is not oresent. If the client has a (See Addendum) :reddie Mac Form 70 6/93 Ui. Gonnor Ileal tstate Appraisers It:1lliJi<L.l!~J.lIiJ Britt Estate UNIFORM RESIDENTIAL APPRAISAL REPORT PAGE 1 OF 2 Form UA2 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-^LAMODE Fannie Mae Form 1004 6/93 "'~_:-~~;'.'l.J Val ...ion SeeUon ile o. o - 36 ESTIMATED SITE VALUE = $---- Comments on Cost Approach (such as, source of cost esilmate. site value. ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS square foot calculation and lor HUD. VA and FmHA, the estimated remaining Dwelling_672Sq Ft @$ _'_ = $_____..__ economic 1I1e of the pmperty). The Cost Aooroach will oenerallv _~Sq.Ft.@$_.~__= -'-'--'.--- -"~ result in an excellent estimate of value if the building is new or -- = -~_._~ reasonablv new and the imorovements reflect the hiahest and Garage/Carport _ Sq. Ft. @$ __ __ = ~--_.~...~ best use of the land. However, when items of ohvsical Total Estimated Cost New = $-.--------- deoreciation must be estimated, an area of iudoement is _ Less Physical Functional Extemal involved which is subject to error. The Cost Approach V!.~ Depreciation I L____ =$ ---~ utilized due to the sublect's aae. Depreciated Value of Improvements =$ - "As-is" Value 01 Site Impmvements =$ INDICATED VALUE BY COST APPROACH =$' ITEM I SUBJECT .-.- COMPARABLE NO.1 COMPARABlE NO.2 COMPARABLE NO.3 22 Wayne Avenue B22 Rosemont Avenue 16 Wayne Avenue 212 10th street Address New Cumberland PA New.G.ll.mJ?erfa~,PA New Cumberland PA New Cumberland PA Proximitv to Subiect Across the street 4 doors 0.91 mile Sales Price $NA==_=-_ . ~. 86500 ,[,_1$ 96.300' ."., 1$ 99 900 PricelGmss Llvinn Area i______'IJ$._. 12872 [/JI"",: I~ 138.36 ebb'",.",.' ',.i. 151.36 ebl, '",X~' Data and/or Inspection MLS, Agent, Ext. Inspec\. and MLS, Agent, Ext. Inspect. and MLS, Agent, Ex!. Inspect. and Verification Source Execulrix <;:ourthouse Records Courthouse Records Courthouse Records VALUE AOJUSTMENTS nESCRlPTION DESCRIPTION +( -)$ Adjust DESCRIPTION ~ -)$ Adiust DESCRIPTION : + ( -1$ Adlust Sales or Financing ,,Ii , Conventional Conventional Conventional Concessions ,. "),jF'!, None None Costs -2,997 Date of SalefTime ,., 7-28-05 3 DOM__: 6-17-058 DOM : 5-19-06150 DO : Location Average J\-"'-~!lg~ Average : Average : Leaseho\dlFee Sim Ie Fee Simole Fee ~~~.i- Fee Slmole : Fee Simple : Site 0.12 acre 0.16 acre 0.11 acre : 0.09 acre : View Averaae Street Avg S\Le~. Ava. Street " Ava. Street : Desi n and Appeal Ranch ._ RancIL___.:.. Ranch : Ranch : Oualitv oj Construclion Average/"'~ Average/BricL...;.. Averaae/Brick : Averaae/Alum : Aoe 62 vears ~~f!~_.: 66 vears : ~ears : Condition _ Average A~.~a~_..~ Suoenor : -1000 Suoerior : -1000 Above Grade ~ill: Bdrm~~ T~Bdrn~ Baths: T otai : Bdfms : Baths " Total "Bdrms', Baths: Room Count 4 : 2 : 1 ~Li...1.J..:::=1 : 4 2 1 : '5 : 2 i 1.5 : -2,000 Gross Livinn Area 672 Sn. Ft. ~.Ft.: 0 696 Sn. Fl. : 0 660 Sn. Ft : 0 Full basement ---- --...., Full basement Full basement Basement & Finished Full basement Rooms Beiow Grade Unfinished Rec Roo.Ql__ -500 Unfinished Rec Room -500 Functional Utilltv Averaae .-- ~@g~_.- Averaae : Averaae : . Heatinn/Coolinn FWA I None F'f'JA I NQ~_ :_ FWA I Cent. Air : -3,000 FWA/None : Enemv Efficient items Average Average ---- : Averaae : Average : Garane/Camort Off Street Pk9m_ On SlreeL-__1__ On Streel Pkn : 0 On Street Pka : Porch, Patio, Deck, Porch, Palio Porch, Hot Tuh Porch Porch Fireolace's' etc. None ~one __ __: None None Fence Pool etc. Shed Fence Aooliances : Shed : .._--~- : .tMMU!Q@ll LLL-a:~l~ . 500 l+ rxl-s 4000 I 1 + rxl- :S 6,497 Adjusted Sales Price i'-.: , ; '.Net4,2~1~ Net. 0.6. % . "., Gross .,. 4.~.% of Comnarable Gross 0.6 % 86 000 92 300 ,FGfoss' \65'1%\ $ 93 403 Comments on Sales Comparison (including the subject property's cornpatihillty to the neighborhood, etc.): After a Ihorouoh search of all available data the comparables chosen were considered the best available. Adjustments were made to reflect substantial differences between the comoarable orooerties and the sublect. The adiustments that were made reflect the typical aclions of buvers and seUer in the marketplace. Condition adjustment made for subject's needed repairs. Sale #4 was completely redone havlnn newer roof nas furnace w/central air reolacement windows kitchen cabinets & aootiances, il-'!w carpet, viQYI. and paint throughout. All sales considered wilh mosl weight placed on Sale #2 which is located closesl to Ihe subiect. Least weight givento Sale #1 due 10 beina a foreclosure sale. This shows lowest end of value. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Dale, Price and Data NA $1.00 " $94,000 NA NA Source, lor prior sales NA 7-7-05 " 7-22-02 NA NA within vear at annralsal Crthse Records ~l!!!house Records Courthouse Records Courthouse Records Analysis of any current agreement of sale, option, or listing of subject property and analysis of any prior sales of subjecl and comparables wilhln one year of the date of appraisal: Prior sales of the comoarable .Q!'opertle~_ occurred more than one year ago except for #1 , which was a bank foreclosure. The subieclls not currentlv under conlract or listed in the o!l.~_!!1ark~~u.lill'E! has not transferred wilhin the past three years. INDICATED VALUE BY SALESCOMP.ARISON APPROACH $ 92,000 INDICATED VALUE 8Y INCOME APPROACH tit Applicable) Estimated Market Rent $ IMo. x Gross Rent Multiolier ~~ This appraisal is made ILl "as is" L1 subject to the repairs, alterations, inspections or conditions listed below o subject to completion per pians & specllications. Condaions of Appraisai: No warranty of this 3!I'flrals131 is given.Qr implied. No liability is assumed for the structural and/or mechanical elements of the subiect orooertv. (See Addendum and Statement of limiting Conditions) Final Reconciliation: Due to Ihe lack of quality and f:l!!13ntily of rental dala, the Income Approach was considered inappropriate and not utilized. Greatest weight is given to the Sales Comparison. ,<\pproach since it reflecls the typical actions of buyers and selters in the marketolace. ___...:**Retrospectlve market value as of the dale of death. The purpose of this appraisal Is to estimate the marklll value of the real property that is the subject of tilis report, based on the above conditions and the certification, contingent and limiting conditions, and market value dellnition that are stated in the attached Freddie Mac Form 439/FNMA form 1004B (Revised June 1993 ). I (WE) ESTIMATE THE ~:TVALUE' AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OFTHIS REPORT, AS OF May 17 2006'" (WHICH IS THE DATE OF I PECTlON AND THE EFFECTIVE DAlE OFTHfS REPORT)TO BE $ 92,000 """"" _j A rlxJ~ ~ ,~'"''''"' .."'''''"'~'''' ,,,","ro, o Did Sinnature - II ~/.t.A" 0 ), -'-.L - =-=--==----~ ~ature o Did Not Name KarenDamey, PA Slate Certified GefleraIB J!P-'-~ Name - Inspect Property Date Report Sioned July 17, 2006 ._._._____________ Date Report Sloned State CertificaUon # GA001260L ______.___ State ~ State Certification # ___~tate-_ Or State License # State Or State License # State UNifORM RESIDENTIAL APPRAISAL REPORT Britt Estate F N 61 Freddie Mac Form 70 6/93 PAGE 2 OF 2 Fonn UA2 - "TOTAL lor Windows" appraisal software by a la mode, inc. - 1.800-ALAMODE Fannie Mae Form 1004 6.93 ~ bs:1361 UNIFORM RESIDENTIAL APPRAISAL REPORT MARKET DATA ANALYSIS These recent sales of pro~erties are most siirs~1~FoXimate ~d~i~~~:and have been considered in lt1e market analysis. The description includes a dollar adjustment, reflecting market reaction to lt10se 1 ems of significant etween the and comparable properties. \I a significant item in the comp'arable roperty is supeliOl to, or more favorable lt1an, the subject property, a minus (.) lstment is ma e, reducing the indicated value of the sUb~ect If a significant Item in t~e comparable is infenor to or less favorable than, lt1e subject property, a plus (+) adjustment is made, Increasing the Indicated value of lt1e su ject ' ITfM I SUBJECT COMPARABLE NO. 4 . ~~_..~PAB~BLE NO. 5 COMPARABLE NO. 6 -- 22 Wayne Avenue 410 Hillside Rd. Address New Cumberland. PA New Cumberland, PA ~'--'-' Proximilv to Subiect ,; Sales Plice I ~ NA I~ 112600. _._.~__,J$. I~ Price/Gross Llvinn Area <pI $ 150.13<P I l1-.tJ.L- <pI ~----- - Data and/or Inspection MLS; Agent; Ex!. Inspection Verification Sources Executrix Courthouse Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTIO>> : +1-\$ Adlust DESCRlPTION___~.:t:Cl$ Must. DESCRIPTION : +(-)$ AdI~L Sales or Financing I.... "'}\'y Conventional Concessions 1(;' . .... None ------------- Date oj~me I'i.> . ...... 11-21-05 50DOM~. -~-~ _.--'-~-- ------- -"---- ~- --~----~--'~ Location Averaae Averaae --~..__..__...--,.-~ . Leaseholdfl'ee Si""'le Fee Simole Fee Simple " .. ---.-..--- .~~- ----- --. : Site 0.12 acre 0.14 acre ---,.----~~- --..---.--- -. .. : View Averaae Street Averaae Street . : Desion and Anneal Ranch Ranch : ,- -- " -~ Qualilv of Construction Averane/Brick __,__~___,,~___,_,_~ Averaae/Alum. : ~---_..._--_..~_., : Ane 62 years 56 years : ----...-..-; : Condition Averaae Suoerior : -10,000 : Above Grade Total :Bdrms: Baths Total: Bdrms: Balt1s : ~i~d~B.illb~ ~_drms:.JgttJL: Room Count 4 2 1 4 2 1 : ' . , 1---..:.....-.:....----: Gross Uvinn Area 672 So. Ft. 750 Sn. ft. : 0 ____fuUt : 0 So. ft. : 0 Basement & Rnished Full basement Full basement Rooms Below Grade Unfinished Unfinished -- ~._~ --'~ - -.---~ -- I---... Functional Utilitv Averaae Average : -------- . : Heatinn/Coolinn FWA I None FWA I Cent. Air : -3000 ---- --~._-~.~-- '-' Enernv Efficient items AveraQe Averane : ~~--- -----_._-~-~_...~ : Garane/Garnort Off Street Pka On Street Pka. : -----, -------_._--..,------------~- : Porch, Patio, Deck, Porch, Patio Porch fireolaeels' etc. None Gas FP xl .1500 .-_.._____----r--._.__ fence Pool etc. Shed Aooliances : : _..._---,._.~~.- Net Mi. Itotal' ".' ....i......... n + rx.1 - : $ 14,500 llt~[l='~ il + il -:$ Adjusted Sales Plice "'. .... Netj2,9~1 __Qr~iL_._~1._~..~ Net r~1 of Comoarable ...i : (Jrbs~ 129.% .$_98,100 ~..~~_. Date, Price and Data NA 7-1-04 Source for prior saies NA $95,900 within vear at annralsal Crthse Records Courthouse Records Comments: ------. -. ._---._----. '-' -- -------.--- ---~~-- ..- -~,----_... --~--,-- .-..---- ---,-----------_.-.,---- -~-_._---~-- .-.--------- -~.-_.._.._--_._--~-~- ~---------,-_._.__.- ---.-.------- -- -------------- ---_._.._...__.~--- -----~--------.-- --.-.,-- ---,.---- _.~~--- ..------'- -.-- -_._-~_..._._- ---,-_.._--_.~.,'----. ---_._-_..~--~- --------~---- -- _._--~--~--~~~- "---- --"-----~--.~---- ."'-~-~'---- ------~-- ------------_._--~-- ~ --~-----------------.---------- _._----_._--~--~----_... . ------------~----- ------. ---~ ~._-------~------- -----~. ---~---- ----------- -._- ---- _.~--_."~- ..- -"~---~-----..._-- -_.~--~_._--- larkef Data Analysis 6.93 Form UA2.(AC) - "TOTAL for Windows" appraisal software by a la mode, inc. -1.800.ALAMODE Borrower/Client NA ProDerlv Address 22 Wavne Avenue Citv New Cumberland Countv Cumberland State PA Zip Code 17070 Lender JOhnson,Duffie,Stewart&Weidner P.C. Supplemental Addendum IrH~ l'lU. VO-l JO I File No 06-136 . URAR: Condition of the Improvements Cont'd: immediate repair. Front porch concrete cracked/breaking up and in need of repair/replacement. All exterior wood trim and windows need scrapped and painted. Rear roof vent in process of repairing flashing. It is assumed for appraisal purposes that this is completed and that there are no roof leaking. Bathroom sink worn and needs replaced. Kitchen cabinet doors missing from base cabinet and need replaced. Executrix stated basement occassionally gets a little water seepage. Your appraiser is not an expert in this area. It is assumed for appraisal purposes that no adverse conditions exist in the basement. If you have a concern, I recommend you contact an appropriate professional. Limited closet space, which is typical of homes of this age and size. No functional or economic obsolescence was observed. . URAR: Adverse Environmental Conditions Cont'd: concern, then a qualified expert in this area should be contacted. There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the property. Definition of Market Value: The definition of Market Value is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7,1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27,1994. Scope of Work: Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the dwelling. Walk through observation did not include inspection of the attic or crawl space areas. These areas are assumed in good condition with no adverse conditions present. If you have a concern, contact an appropriate professional for an inspection. No mechanical systems were inspected and no appliances were tested. Review of the REDS courthouse data and Central Penn Multi-List, Inc. records. Reviewing the county tax map online information, county tax map, zoning, and FEMA flood maps. Verifying, if possible, the comparable sales with broker, agent, seller or buyer. Use of Marshall Valuation Service data for completion of the Cost Approach, if approach is warranted. Land sale search data obtained from REDS online data service and Central Penn Multi-List, Inc. Special Limitina Conditions: This appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the report. The borrower has the right to have the home inspected by a professional home inspector. When performing the inspection of this property, the appraiser visually observed areas that were readily accessible. The appraiser is not required to disturb or move anything that obstructs access or visibility. The inspection is not technically exhaustive. The inspection does not offer warranties or guarantees of any kind. The appraiser is not a home or an environmental inspector. The appraiser provides an opinion of value. The appraisal does not guarantee that the property is free of defects or environmental problems. The appraiser performs an inspection of visible and accessible areas only. Mold may be present in areas the appraiser cannot see. A profeSSional home inspection or environmental inspection is recommended. If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood infestation, water test(s), radon, building inspections, etc. . URAR: Supplemental Certifications I certify that, This COMPLETE APPRAISAL- SUMMARY APPRAISAL REPORT was prepared at the direction of Dana Wieseman, Estate Administration/Paralegal, Johnson, Duffie, Stewart & Weidner, P.C., (client). The Intended User of this appraisal report is the Client. the Intended Use is to evaluate the property that is the subject of this report for estate settlement purposes, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal form, and Definition of Market Value. Additional Intended Users are identified by the appraiser. Estimated market value is the most probable price in terms of cash or in terms of financial arrangements equivalent to cash. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are at the sole responsibility and at the sole risk of the third party. I accept no responsibility for damages suffered by any third party, as a result of reliance on or decisions made or actions taken based on this report. In my opinion, the reasonable exposure time linked to the value opinion is up to 180 days. I further certify that, to the best of my knowledge and belief: - The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting Form TAOO - "TOTAL for Windows" appraisal software by a la mode, inc - 1-800-ALAMOOE Borrower Client NA Prooertv Address 22 Wavne Avenue Ci1v New Cumberland Countv Cumberland State PA Zi Code 17070 Lender Johnson Duffie Stewart&Weidner P.C. Supplemental Addendum lDlfl'(QJ}Q:.1 jQJ File No 06-136 conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. - I have no present or prospective interest in the property that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standard of Professional Appraisal Practice. - I have made a personal inspection of the property that is the subject of this report on July 14, 2006. - No one provided significant professional assistance to the persons signing this report. - This appraisal has been prepared in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. - The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. Karen Darney, PA State Certified General Real Estate Appraiser I GA001260L Fonn TADD - "TOTAL for Windows" appraisal software by a la mode, inc. - 1.800.ALAMODE lEl!LNQc 06-1361 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assumilig the prtce Is not affected by undue stimulus. Implicit in this definition Is the consummation of a sale as of a specified date and the passing of titie from seller to buyer under conditions whereby: (1) buyer and seller are typically mo~vated; (2) both parties are well infonned or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in tenns of cash in U.S. dollars or In tenns of financial arrangements comparabie thereto; and (5) the prtce represents the nonnal consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale. . Adjustments to the comparables must be made for special or creative financing or saies concessions No adjustments are necessary for those costs Which are. normally paid by seliers as a result of tradition or law in a maJ1<et area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can he made to the comparable property by compartsons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanlcai dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement STATEMENT OF LIMITING CONDITIONS A,NO APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears In the appraisal report is subject to the following conditions: 1. The appraiser wiii not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that the title is good and marketable and,therefore, wiii not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site Is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this detennination. 4. The appraiser wiii not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The aPPraiser has estimated the value of the iand In the cost approach at its highest and best use and the improvements at their contributory value. These separate vaiuatibns at the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the Inspection ot the subject property or that he or she became aware of during the nonnal research involved in pertorming the appraisal. Unless otherwise stated in the appraisal report. the appraiser has no. knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (Including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmentai assessment of the property. 7. The appraiser obtained the infonnation, estimates, and opinions that were expressed in the ~ppraisal report from sources that he or she considers to be reliable and believes them to be true and correct The appraiser does not assume responsibility for the accuracy of such Items that were furnished by other parties. 8. The appraiser. will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisai that is subject to satisfactory compleflon, repairs, or aiterations on the assumption that completion of the improvements will be pertormed in a workmanlike manner. 10. The appraiser must provide his or her prtor written consent before the lender/client specified in the appraisal report can distribute the appraisal report (inciuding conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentaiity of the United States or any state or the District of Coiumbia; except that the lender/Client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior wrttten consent The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, saies, or other media Freddie Mac Fonn 439 6.93 Page 1 of 2 Fannie Mae Fonn 10048 6-93 LG. Connor Real Estate Appraisers Form ACR - "TOTAL for Windows" appraisal sottware by a la mode, inc. -1-800.ALAMOOE ~\":-'Jt1: Flood Map Borrowel1Client NA Pronertv Address 22 Wayne Avenue Citv New Cumberland Countv Cumberland State PA liD Code 17070 Lender JOhnson,Duffie,Stewart&Weidner, P.C. InterFlood A~~ .,,^"'.......=...~ Prepared for: dba Lester G. Connor, MAl www.inte,flood.coll1 . 1,800 252,6633 22 Wayne Avenue New Cumberland, PA17070 J~::__~,,~T~lr~L _ Co\ >'T["-r - 11-' -=--r dJe_,1 AVENUE! ~J;L;~; 'I - I'--~ /---;;1' r-'" II :to %1 !J.~-1'::= ; ~IL ~ '1 lOSE o,lO..w1"--TIi\,V" , 1.,.! ,I -. -. /1 -'. ...._,~c--:: 1,/7 '-I '., .' '. :'<:,._ _....JI WIJC'O"I\j.,.! tf--.:J ~Y.L -;' .:",.': -'~~;-rn_-----ll.l-I .., i -<;. '{ L i ~'<'<,/(-:\:'~'<':i'lL' ~li",~~l~<__ '" ii ""'.~ t ".__~-4<~._. - 1, S'riti<:: ,,\. II"'!!: II' l'~ "0 \~\ '.l -<:~,> ~.AO ':-::'c,>_ (\ ....,.:.. '9'''''~'<\,. ^'S ~'- "\->>'. / "':,. ~/~ 't "'\",- :~~\.. ''';:::'. ~r< /1. :, -;:s)., ~Jt~ I .' . r. ..-:p' .._~.~~-..:-. -. -,--:;.=-"- ('~'!l'1i I:I,;~" FlOOOSCAPE J 11 i Flood Hazards Map " Ii i Map 'lumber I; : 4203660001 B 1'1 ; j i Effective Date i February 16,1977 I I I F.:.r mo)r~ Inform3ti(lo ~bO)lJt fl.)(I.j zones and flo,:"j C' !'icn 1000 15CO' Icoe PC'l.ner".!~ b\( Flo(ld$OIJr'~e 87777.FLOOO W!.'J'l! .f1l)(JdS(.'lJfCi;: .>:"-')0) if'l!'Jral'\':;~. -:.>:>M15>:.1: G) 1999.2006 Sou~I,!Prose 3od/.,r FloodSo'Jr<:'''i! C.,rpof3tions. .t41 right::: re~er"1Jed. P3t:"!nt$ 6,631,126 and 6,67$,615. Other p3t~nt$ p-endiog. For 1010: info@floodsourcv;,,,m. Form MAP.FLOOD - "TOTAL for Windows" appraisal sQfiware by a la mode, inc. -1-800.ALAMODE i ! \ ! I I I . i II i~ 1 I .--- ------.;:. ,. _//~- " "~~ ( Tax Map location-! ) ) ...... 1!".1'a.rapfllel.I... ClCQP\'IlIOH't1lr, UI(Uti/~UUlj lO:4ij tAX JDS&Yi U{'i''i,3'''i e- Tax Map #25-25-0006-477 ([~i.s lheo-, ""d4/;. 9l:h day ~ Oecember. :2 004 llolmun JOAN!! BRITT "'ow known on JOAN!! DEC= and MA'l"l'lIliW J. DECKER, wife and husband 1\r.b JQSEi'H A. BRITT, ^single man h~rel1l dt.r~'1U1led a.t the Gr41tlorl.s), ~,m!'ill d~,ri8Il4f~J a.r 1M C7'tJRle~(&); Bitnu.,H~. TJiG. j" CflPlsidr:nuion of EIGHT EIGHT THOUSAND AND XX/IOO ---- ( $88,000.00 Dollars, in 'uI'Id paM Iht re~tl:1! whtrec.' (J ,~ut::by ackl1Owledgtd, f~! .'aM gronl!Jr(!) r1t;,(es) heretry Iran' and COfl'lq rc (h~ snid grQr:t~{sJ JI.ll TWIT CliiRTA1N lot or piece Of land . ituate in the Borough of New Cmooerland, Ccunty of CUmbe:rland and Commonwealth of pennsylvania, more pa:t't.1cularly bound~d and descncec1 as tollowB. 'to wits BEGI:h"NI~,.3 at a paint. on the west.ern side of Wayne _'venue at the di yiding line betwcen Lotl:J 2 and 3, Section "H" of the. hereinafter nentioned Plan of Lots; ,thence in a southerly direction along Wayne Aven\,;e, SO feet to a. poine at Lot:. NO.4; thence in a westerly direction a.long l.ot JIo. 4,108.2 feet, more or less. to a point; thence in a north'!:l!Cl9terly dir@('t.ion, SO feet to Lot No. :2: thence in an easterly direction along Lot No. ~, 108.2. feet. more or lese, to Wayne Avenue, the point and Place of BSGINN!NG. BEU1G--liot No.3; Section "H", Plan No.. 5, R03emont Addition. BEING THE SAME J?REM!SRS which Matthew Clark Hearn, single man, conveyed unto JQa~~ S~itt, ~in91e woman by deed dated November 26, 1997 ali.d recorded December 1, 1991 in the Recorder's OtEicl! in and fer CUl'l'.L:flH':land Cou.nty. Pa. in R~cord Book 168 I page 8:24. THIS 15 A CONVEYANCE: BE'rWEEN ~ARBlfl' AND CHILD AND TllERI!I"ORE RXEMPT ?ROM TR....\N.3FEE TAX. g) . ;, -- S i.,~~~ o -?:11-;-: ~ .-~- ~N :; "~~ CD ~DOI :::Gu ~At[33;;3 IiiJ002,OO; II I I, II II Ii ~No. 06.13liJ Building Sketch (Page - 1) Borrower/Client NA ProDertv Address 22 Wayne Avenue City New Cumberland Countv Cumberland lender Johnson,Duffie Stewart&Weidner P.C. NOTE: Interior Sketch Not To Scale. 17.00' o o <'i Patio -1 State PA liD Code 17070 28.00' 5 0==-,. Cj. ,L==. KIT ---I .I_n _ BR 8 ~ .t --.J ...J N BR o o .t N LR 28.00' !nn~orCh 8.00' o o oi Sl{l!!rnbyAPftXlVlV Comments: AREA CALCULATIONS SUMMARY Code Description Net Size Net Totals GLAl First Floor 672.00 672.00 pip Porch 24.00 Patio 204.00 228.00 Net LIVABLE Area ( Rounded) 672 LIVING AREA BREAKDOWN Breakdown Subtotals First Floor 2:4.00 x 28.00 672.00 1 Item ( Rounded) 672 Fonn SKT.BidSkl- "TOTAL for Windows" appraisal software by a la mode. inr. -j.800.AlAMODE IIW'I\10 tlb ::'1) I Subject Photo Page Borrower/Client NA Prooerlv Address 22 Wayne Avenue Gitv New Cumberland Gountv Cumbe~and State P A Zi Gode 17070 Lender JOhnson,Duffie,Stewart&Weidner, P.C. Subject Front 22 Wayne Avenue Sales Pnce NA Gross Living Area 672 T olal Rooms 4 Total Bedrooms 2 T atal Batl1rooms 1 Location Average View Average Street ~~ 0.12 acre Quality Average Age 62 ";11 '<;; '''\'';''~~,,,:.,,,~--~- Subject Rear Subject Street ;(',:t Form PICPiX.SR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE it-!!,: 1\~C\U:j- ljb ' SUbject Photo Page Borrower/Client NA Prooertv Address 22 Wayne Avenue Citv New Cumberland Counlv Cumberland State PA Zio Code 17070 Lender JOhnson,Duffie,Stewart&Weidner, P.C. --_.._.~.l Subject Porch 22 Wayne Avenue Sales Price NA Gross living Area 672 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 1 Location Average View Average Street s. ~12ac~ Quality Average Age 62 Kitchen view Bathroom view Form PIC3x5.SR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1.800.ALAMODE Subject Photo Page l.tJtz I'JO. Uo-135J Borrower/Client NA Pronertv Address 22 Wavne Avenue Citv New Cumberland Countv Cumbertand State PA Zi Code 17070 lender JOhnson,Duffie,Slewart&Weidner, P.C. Rear yard view 22 Wayne Avenue Sales Pnce NA Gross living Area 672 T alai Rooms 4 Total Bedrooms 2 Total Bathrooms 1 location Average View Average Slreet Site 0.12 acre Quality Average Age 62 Form PIC3x5.SR - "TOTAL for Windows" appraisal software by a la mode, inc. - l-BOO-ALAMOOE Comparable Photo Page IHle ilio. lIl: i3'j I Borrower/Client NA ProDertv Address 22 Wavne Avenue Citv New Cumberland Countv Cumberland State PA liD Code 17070 Lender Johnson,Duffie,Stewart&Weidner, P.C. Comparable 1 822 Rosemont Avenue Prox. to Subject Sale Price Gross Living Area T olal Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 86,500 672 4 2 1 Average Avg. Street 0.16 acre Average 61 years Comparable 2 16 Wayne Avenue Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 96,300 696 4 2 1 Average Avg. Street 0.11 acre Average 66 years Comparable 3 212 1 Oth Street Prox. to Subject Sale Price Gross Living Area Tolal Rooms Total Bedrooms T otai Bathrooms Location View Site Quality Age Form PICPIX.CR - "TOTAL for Windows" appraisal software by a la mode, inc. -j-800-ALAMOOE 99,900 660 5 2 1.5 Average A vg. Street 0.09 acre Average 56 years Comparable Photo Page 11 lie I'JO Vb-lob I Borrower/Client NA Prooertv Address 22 Wayne Avenue Citv New Cumberland Countv Cumberland State PA Zio Code 17070 Lender JOhnson,Duffie,Stewart&Weidner, P.C. . ... --.. -..... . Comparable 4 410 Hillside Rd. Prox. to Subject Sale Price Gross Living Area Total Rooms T olal Bedrooms Total Bathrooms Location View Site Quality Age Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Batl1rooms Location View Sile Quality Age ProX. to Subject Sale Price Gross Living Area T olal Rooms Total Bedrooms Total Batl1rooms Location View Site Quality Age Form PIC3x5.CR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800.ALAMOOE 112,600 750 4 2 1 Average Average Street 0.14 acre Average/Blick 56 years Comparable 5 Comparable 6 E)(111B1T B ~;1 (0 l" "r~1~.~ED"crFlCE 01 TilE Fr ::!'l=::n cr :rr.,~ 1',1 JlJ!i 17 4 ~~ PJ1 1958 ... r t NO. '12. CCfJ:r;;':'.\~I:l c:':lJr.n 'Er.:ISYL~At;lA FEE-SIMPLE DEED-T"pewri.... ID41.5 lhwrnturr, iblllr wl1r ani J.y of J\4^""G i. Ih. 7,0., ThoM"..J Niw. n...J,.J .wJ Sixty-Eight (1968) idWl'l'lt E. THOMAS PAPP and MARGARET M. PAPP, his wife, of the ';l'ownship of Lower Allen, County of Cumberland and State of Pennsylvania, Grantors apd Pa~ties of the First Part, - A N D JOSEPH A. BRITT and SYLVIA BRITT, his wife, of Mechanicsburg, County ot Cumberland and State of Pennsylvania, Grantees and Partie~ of Ih. ...owJ pori, lDitnCBBcU, Thol IIN..iJ porI ieaof Ih. [/rJ1 port, fnr owJ i. ....iJ.,.li,." of IIN .u. of SIXTEEN THOUSAND FIVE IWNDRED - - - - -($16,500.00) - - - - - - - _ _ Doll.", l,wlMI mo..y ollh, V.it,J 51.1" 01 Am.,ic., ....11 ..J ~"Jy poiJ by Ih. .oiJ P.r/ieSolllN ,reowi porI 10 tIN ,oiJ p_rl ieaof IIN fird p_rt, .1 .wi b'lorc IIN ...Iiwf ..,1 J,lill"y olllN..pmNJ/., IIN ...rip' wlNrcol ;, lNr.by ..It.owl.Jg.J, have . g".I,J, borgoi..J, soU, .Jjnl~J, "'lroff~J, Tn~.,~J, ~O"lIrytJ .nJ ~onfi,rm~tl .nJ by Iks~ /r~'~nll Jo 1"611/. b.rllli,rJ. ,JI, .Ii~n, ~"f~off, Tn~.u, ~onll~. .,,4 ~onfi"m 'lido the l.i4 p.,,1 ies of IIN luonJ p.rt their 00" ."J .ni,,,,. j\ll that certain lot of land .situate in Lower Allen Township, Cumberland County, Pennsylvania, bounded and described as follows, to wit: - - BEGINNING at a point on the Southerly line of ~tchworth Road, s~id point being the dividing line between Lots Nos. 15 and 16, Block "L" on the hereinafter mentioned Plan of Lots; thence in a Southeasterly direct~on along said dividing line one hundred twenty (120) feet to Lot No. 41, Block "L"; thence in a ~outhwest~rly direction along said Lot No. 41, Block "L", fifty-five (55) feet~o Lot No. 14, Block "L"; thence in a Northwesterly direction along said Lot No. 14, BlOck "t" one hundred twenty (120) feet to Letchworth Ro~d; thence in a Northeasterly direction. along Letchworth Road fifty-five (55) feet to the Place of BEG~ING. BEING Lot No. 15, Block "L", on the recised Plan of Highland Park as reco~ded in the Cumberland County Recorder's Office in PlaQ Book No.3, Page "95. HAVING thereon erected a two story brick and frame dwelling knowq and n~ered as 1295 Letchworth Road. "'.. BEING tqe same premises which Thomas Redclift 4nd Ruth M. Redclift, his wife, by their Deed dated February 3, 1965, and recorded in the Recorder'~ Office at Carlisle, Pennsylvania, in Deed Book ''M'' Vol.m.e 21, Page 356, glanted and conveyed unto E. Thomas Papp and Margaret M. Papp, his wife, Grantors her,in. This property is being sold subject to an existing mortgage as P4rtof the considera- tion to the Germantown Savings Bank, P. O. Box 8581, Philadelphia, PennSYlvania, in the origina.! amount of $ /5 rr-t1. ..... and recorded in the Recorder of Deeds Office in Mortgage Book <,t(,t, ,Page 1.3J . the balance of ,aid mortgage now being $ 10.1 ..:JRS, -+.5 ~OOK U 22rAGi 841 ---.-------...---.-------- _______.J ,'~_ ..' 'N. J"",' ~ _""""",i~"'r.>-'....... JlI~IW!E.I;."~~ll!i:l'U:Ii:l:l.':'l.;~'t.~,~..iP'':':'v.ft .:_.~'::a./~!;,-~ .~--. "'-...~~ Cumb. Co., P... ~ a..1 &t... lr...f.r T.. 0... ."'~D.~pe"""..~~ o.~\O,m ~ll~ C:-b. Co. D;,'. Col. "t'. I.f .,,'~,' Y'~:I'II' )i:"~;P'P'i;iT }'/' ~1~~t-~1'1 ? t~;!~ , ~;;-;~ '.'~~./'.i~,.''1}., ~~~\th{.R "\"'1\""""'" hd...\t,t:', .. . . '.' ;tr,j>~ ".1 F~ (;~;1;, t,:;fi I lr._l I J~t. I ~~~!ltl r;"'''''''i''( U:l:;0~'; i ,;' .1t . .~ ~ n.~t1f~~ ~!f.\\,l,:,.~ . ~~l~J~~Q m,;:;;;'~;:.j;;'~:~,; ;P',,' ".'..1. ....7 ......" ~.l'l. . ~.~ ~ ":T(' \' .~ ~t~~ l1'HI\'@ ,h\~ ll\~' School Dist. Cumbo Co., P.. ~ a..II:..... Tr....f." T.. D.~" ~~ b. '~;- Cumb. Co. Did. c.r. A,t. wogrt~rr .,jIb .II ".,J shttal....I/w Itnnltl1fl.. bnHi/_l, ".,J .~tar/l1f..tn 10 l/w - Mo.Pt or . i" ."ywiJl .ppn-I.;";,,,. .rul 1M rl1lnsio,,_ ."J rtllMions. r,.",lIi1IJn aJ rrnuinJen. rndl. ;IIWS. Mil ",.,fill Ihnrof;' Anil alsp .II l/w """, 'itbt. 1iI1.. inl.ml. po~ly. e1_ ".,J tI""".,J ",b.IIt''''". holh ;" "'" uJ .q.ily, of l/w ..iJ pnl ies of l/w firsl ~"', of. in, 10 or "., of l/w uitl p",.i,.., ".,J rwry pnl uti porrtl Ihn.of wn ilnur null tn ..nIll l/w ,.;4 pr""i"" ",ilh .II .... rilotal... l/w .".d""""" "'0 l/w uitI F" ies of 1<< "..... F'. the ir brir, ,ntl ""i&,". 10 "ntl for l/w o.Jy pop.. ... oJ /xhoof of 1<< ,,;,l ~I ies of 1<< It..... F', theil' hrin "nJ IItlpI f"'"'". !\ttb THE. SAID Parties of the First Part. for themselves, their brin. ,u~'on ..J "J",;,ulhlllon, Jo ", lINg pr~l",tl. roynu"l~ zr.,,' m .rrn 10 ."J witb ,,,, ,,;,l porI iea of IlW It..... F', their hrin oJ ""&'". 1b.1 they Ihr~ Parties of the First Part. for themselves.their . ,linn .n oJ rilopJ. Ib. hnNil_, oJ ~ hnriubovr J..CTibttI oJ V...,.tI or ....1i<nutI. oJ ;,,1.....tllO 10 /x, .,jlh .pP."I1f"ntn. ,,"/0 1<< slitl ~', ies of l/w s"emtl pnl. their hrin 'oJ lIJiru, .t,;",1 1<< s,;,l pnl ies of 1<< finl pnl.... the ir /win .nJ .&,;,,,, .II .... "'try o/hn pm... or ptrs"., ",ho""",,,". ""'fally e1_i,,& or 10 e11i.. 1<< ...... or ""y ~', Ihnrof. rb./I .... ",ill. by 1<<" pmnl', IV AlUlANT AND FOlU!VEll DEPEND ]U mitnrlul 1IIIqtrrnf Mrn",lo Id the ir h__Js b.s Signed. Sealed a~elivered ~~:_~~- ...n..._.........nn.n.............."...n.....hhh...h"...n."n_ (SE.AL) _...._.nn..n.n.............."...._.._.__..n.n........,,_ (SE.AL) .......~..................."......".."._._"".._...n____. (SEAL) ......................._n."._.._____n___ (SE.AL) _..............._....__...,."n.nn."__"_""".__ (SE.AL) fII- . (SI!AL) _....._.._._n...__.......__.__._ (SE.AL) (SE.AL) --___.__..___....__...:_ (SEAL) 800K U 22rACE 842 .~ '.... -j ,1 i COU::::~::~::;~l::.::~~~:~:-_.1 ss: On Ibis, Ib. __l_k.!!.:.:.... J,y 01 .._.._._.~J(J..dJ..f;;.=........._........_.._...___........_.., uft, btl... ",. ..._.._._......_..._.A_..../.)l."_ul1::-f..._.\2~!.12~..!.~...._............................._........................_. Ibt .,jnsilrml offim, p",onJ/y ,pp"",J .........~.,...T.~.~!._~~.P.p._.!!~CU~~~g.!!!.":~_!.!.,...~.'!:I'P..L.~~!!_.~j.!!:.!..___ ...___....__._..______...._..___.___.__.....:.____.__..____ ._.;...._...__.._.________O-...__________.l--___ f } f:~ ....,:......_~._.._._....._._----_.-.-_.--_....._...-.--_._-------_..._--._----_.....~_..-:-----_......._._------------.- ....< ).;..;~..4ftoJVn)4.."" (or '.';,j.dorily proven) to br the pnson .....1.___.....__ 'Whos~ ,u,me I____~.:r..~___.. l.bJi:ri!Ni to tIN '1\,....00 'O"I!" ..,.I~:~::...f;::o~IL.i~j;;J!.~...tJj;?r,.menl, .':fJ .C'k.noWlleJgeJ.'b,1I _......t. /NY-__n_ IxuuleJ tIN ,,,me Jor tIN p.rj>9n Ibnein cQn/6iMJ. ~... -4". Cj ..... .' . l~i ~,;' '" I 0 : tlv~WITNESS WHEREOF. 1 hn,.,t/o sri my bond ,nJ officjJ srJ I"~. - , ~ ..-:: m 71 ~ I \;,~"...Q.:,. .s- ;:~., _.L~.~.cM.i~.n_~....-:.......... n_n____ <: ....~.._:;~-:.~....~~ ......... My commissio" txPires: ..___._m!~..'l.~~r.,,".. ~ Jrev-O"~e~ '~'::::;-.. 1I:n~,../l hn.by '1U.'llbt Prtci" RrsiJ"'~J1!f. 0; ~~mUJ~!t.~.~.~_l.1..JJ6a_ '''''==~~~-~==~=== ~-~;;rney for Gr~tce. 'tl " m, i ..., .; ~; i 0- 001 ." i ... ill i ., m m, ... ... 0' 8: ... ~ m .:: ~ ..:: "" .s::! 81 ... >. ~ 01 cd: ~ i ~. '" ..., I ... ..., ...: .: ~ .. I .:g ~I ;Ct I 'tl 'l 0: .s::: t:: 0; l! I I 'tl " ;>: ..: m: 0: ... en.. " m .s::: f >: "': " !: ~o ~ m u: ...: " I ~ ;t ~ I .,- ... ., ~i- ..; ~l >; ~1 ~ I 0'" c. 0 ... .... "I .,: <I" I ,"6! ~ c. .... ... ... ... ~ d ,,: ~ . ,0 . 01 m ~ ... ;> ", ,- . '" "" ori ." ." ~ ! I !-! ~'f I .~ ~ '" ....; "'! ~ I it .; .. .. N: ...: .; Z a ... <.s:: 1 <\ .. . i I ,.. u .s:: ~ >; .~ . ! i 0 .s:: 01 ...: ...: I I i i .s:: ,;: c.... GJ: 91 'il 1 -! ~ ., ... ~ ;>: i c. .. ... I ] oSl 0: :2 1! .. J I '" roi m 0 ... ul a 0 .. '" .., "" :s " ,jl iii c'i ... d .:: 0 ci CO~A10NWEM.Z2:2H OF NNSY,LVANIA l fI . ss: ..(.~~ _..: . ........ COUNTY. it~orllrll, lt~ce for Recording of Duds, Mort"ges, de.. in and for the County of-~.u...d:..:....._...!..~ in Deed Book ......U........ Vol. .:2..:l....... fage .L(/L_. ll1itnrLiA'~ Hand and Seal of Olfic., this _...._......__....._......_....L.Z.~y of. -Z7'--~~---_._..- Anno Domini 19. 6Y , I Jr;C p.~ - L.,.;p~ m:: U 22rAll 843 II \ .........-.'-~ BX1l1B1't C . ~~.e( :::~~C~~:."::~::.::~;~ >:.:~.:: :::;::.::( >::.::~::: >::+;:: ):c~::: .:~.::C~::: >::C{ }::.::f:: >.:.::.::: :.::.:~;: ;~::.},:: :':~::C~:~: >::+::< >::~~)~ :::~::.::~:~: :::.~.:{~~:::~::4I<:~~::.~Z:~:'X:;~::.~~:~~~::.~~,~:~::.::<.)::.::~:::')~:~~~~_ i~ ".,: ~.( ".1) ) ~ ;'''~ ~ IN THE COURT OF COMMON PLEAS ~ ..,,~ ~ OF CUMBERLAND COUNTY ~ '.' ~) tOl( .~ ~ '.' i ~I ~.::..' ~ \..1 ~ ...1 ~~ I '-; I ~ ~,,~ ~- ~ STATE OF PENNA. SYLVIA BRITT " '1 . .......... --.. ...... '--".--. ..' ....--.. .--. ... .... I[ il Ii !I I II il I, I, Ii DIVORCE No. ,.~.!.~.~..g.lY~.~ 1.~.~.~......... 19 ~ ~.~ Versus ~ ~.~ JOSEPH A BRITT ~ '.' ~I ~.J '~~~ ( ~ ~,,~ And now ...f\'1A~qlj..1.,1.~.~.~.A!..3.:?6..f:>}v,!:..: The Court having heard this case and having fully considered and proceeded to determine the same as to law and justice appertain, do sen- tence and decree that __SYLVJABR1TT..____._ _ --.---..........------___.be divorced and separated from ~ ~.~ ~i ~ ~,,~ ~ ~.4 ~ ~.~ the nuptial ties and bonds of matrimony heretofore contracted between h..e.r........__............___..__. the said SYLV1A.BRJ.TT.__. .__.__....______..__.. plaintiff and the saidJOSEPH.ABBJII....___.__.__....__ dtefendant And that thereupon all and every the duties, rig hts and claims accruing to eithter of the said..__.. ~ ~.~ \,t ~ ~'."; ... SYLVlA.BRnT........... .. .or the said. ..JOSEPHA.8RJJ.I....__....__.__. ..........__... at any time heretofore in pursuance of said marriage, shall cease and determine, and the said ~ ~ ~ ~ ~.~ .SYlV!A..BRITT.. ......... ..__. _.__.__.........___.. .__h.__...... and JOSEPHA-BRITT. '__h'"" .---....... ..........----... ..____..... shall severally be at liberty to marry again in like manner as if they had never been married, and further the Court do award to the said.......SYI,.,VJA.S,R.!TT______.. ...__h..h..... a~llinst the said__.JQS.~P..H.A.SHJTT. ~ <,,~ ;."s ~ ~ Certified Copy Issued: ;.~ ~ 'to '/ 1, ........ h.eL__ ,:,' ~ "-.; costs in this behalf expended. ~ ~ .' ~i By The Court: ... ....__.~~~.rQ~.~:..~.O.~~~...... ... Attest: P.J. ~..~ ~ t.'~ ~ ,.,' ~ I I l.... ..,. Isl..ClUm- E.. --tbtff' 9/21/2006 Prothonotary -------------~~ ~: .:....:~;: ::_~,:. -':":~;,. >>>::.:: >::c~:: ::....( .::._< ""(.::?;:. >":~"': :':~::.:< >::.::?::.:,.::.:~;., :::.::.:.:: '.::.:< "-~::.:."_ _".::+:'\. ,:.:.:< >::.:<:: .:.:~' >::.:< )::.~< :::.::.:< _.,.:.:::~,' ,:{":<:, .::.;, ,,_.::.: ~ ~,,~ ~ '.' ~ '.' ~ l~ ~~ I~ , ~.~ {~ ( '.~ i~ )~ I: (~ i~ I ~.~ I~l ,"." \:..,: I~ I ~/ ~~ \ < ) !.' ?~ (: ~~ \. . ~~ (: \::~ ; ,," li~ ....., ~~ )~ (~ If :.~.-'. ~I I~ ( "~ )~ I: ,>~ ( ~.# I' )~ )''- )~ f:~ ) . ~ ~ ~ ~ ~ ~ ~ II II ~')f DIVORCE SETTLEMENT AGREEMENT THIS AGREEMENT, made this /;Z ~ day of M C1....A...C\.t...... , 1982, by and between SYLVIA BRITT, also known as Sylvia Mekosh, of Lower Allen Township, Cumberland County, Pennsylvania, hereinafter called "Wife" and JOSEPH A. BRITT, of Lower Allen Township, Cumberland County, Pennsylvania, hereinafter called "Husband". WIT N E SSE T H: WHEREAS, Husband and Wife were lawfully married on November 17, 1962, in Centralia, Pennsylvania; and WHEREAS, three children have been born of the marriage, Mary Britt, born May 20, 1963; Susan Britt, born May 11, 1964; and Joanne Britt, born October 8, 1968; and WHEREAS, Mary Britt, born May 20, 1963, is emancipated; and WHEREAS, the parties are each represented by counsel of their choice, to wit: Barbara J. Seras, Esquire, for Wife and Jerry R. Duffie, Esquire, for Husband; and WHEREAS, differences have arisen between Husband and Wife in consequence of which they intend to separate and intend to live separate and apart from each other; and I .1 il I II WHEREAS, Husband and Wife desire to confirm their separation and make arrangements for the settlement of their property rights and all other rights and obligations growing out of their marriage relationship; and WHEREAS, Wife has instituted a divorce against Husband entered to No. 3181 Civil 1981, Court of Common Pleas of Cumberland County, Pennsylvania; and WHEREAS, Husband and Wife desire to confirm their understanding in writing. NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows: 1. Separation. It shall be lawful for each party at all times hereafter to live separate and apart from the other at such place as he or she may from time to time choose or deem fit. The foregoing provision shall not be taken as admission on the part of either party of the lawfulness or unlawfulness of the causes leading to them living apart. 2. Interference. Each party shall be free from interference, authority and control by the other, as fully as if he or she were single and unmarried, except as may be necessary to carry out the provisions of this Agreement. Neither party shall molest or attempt -2- to endeavor to molest the other, nor compel the other to cohabitate with the other, or in any way harass or malign the other, nor in any other way interfere with the peaceful existence, separate and apart from the other. 3. Pending Divorce Proceedings. The parties hereto acknowledge that Wife has brought an action in divorce against Husband under Section 20l(c) of the Divorce Code, docketed to No. 3181 Civil 1981, Court of Common Pleas of Cumberland County, Pennsylvania. Husband and Wife agree to execute the necessary affidavits to complete said divorce proceedings. The parties specifically understand and agree that this entire agreement is predicated upon and conditioned upon the parties proceeding with obtaining a divorce pursuant to Section 20l(c) of the Divorce Code. 4. Agreement to be Incorporated into Divorce Decree. The parties agree that the terms of this Agreement may be incorporated into any Divorce Decree entered affecting them. In the event that either party elects to incorporate all or a portion of this Agreement into said Divorce Decree, the other specifically agrees to execute all documents necessary to permit the same to be incorporated therein. 5. Disclosure. Husband and Wife each represent and warrant to the other that he or she has made a full and complete disclosure to the other of all assets of any nature whatsoever in which such -3- party has an interest, of the source and amount of income of said party of every type whatsoever and all other facts relating to the subject matter of this Agreement. 6. Advice of Counsel. The provisions of this Agreement and their legal effect have been fully explained to the parties by their respective counsel, Barbara J. Seras, Esquire, for Wife, and Jerry R. Duffie, Esquire, for Husband. The parties acknowledge that they have received independent legal advice from counsel of their selection and that they fully understand the facts and have been fully informed as to their legal rights and obligations and they acknowledge and accept that this Agreement is, in the circumstances, fair and equitable and that it is being entered into freely and voluntarily, after having received such advice and with 9uch knowledge and that the execution of this Agreement is not the result of any duress or any undue influence and that it is not the result of collusion or improper, illegal agreements. 7. Mutual Releases. Husband and Wife each do hereby mutually remise, release, quit-claim and forever discharge the other and the estate of such other, for all such time to come, and for all purposes whatsoever, of and from any and all rights, title and interest, or claims in or against the property (including income and gain from property hereinafter accruing) of the other or against the estate of such other, of whatsoever nature and wheresoever situate, -4- which he or she now has or at any time hereafter may have against such other, the estate of such other or any other part thereof, whether arising out of any former acts, contracts, engagements or liabilities of such other or by way of dollars or courtesy, claims in the nature of dollar or courtesy, or widow or widower's rights, or under intestate laws, or the right ot take against the spouse's willi or the right to treat a lifetime conveyance by such other as testimentary, or all other rights of the surviving spouse to participate in deceased spouse's estate, whether arising under the laws of Pennsylvania or the laws of any other state, Commonwealth or territory of the united States or any other country or any rights which either they have or at any time hereafter have for past, present or future maintenance, alimony, alimony pendente lite, counsel fees, equitable distribution, ~~sts or expen~es, whether arising as a result of the marital relation or otherwise, except, and only except, all rights and agreements and obligations of whatsoever arising or which may arise under this Agreement or for the breach of any provision hereof. It is the intention of Husband and Wife to give to each other by the execution of this Agreement, a full, complete and general release with respect to any and all property of any kind or nature, real, personal or fixed, which the other now owns or may hereafter acquire, except and only except all rights and agreements and obligations of whatsoever nature arising or which -5- may arise under this Agreement or for the breach of any provision hereof. 8. Division of Personal Property. A. Personal Effects, Household Goods and Furnishings. The parties have divided between them to their mutual satisfaction, personal effects, household goods and furnishings and all other articles of personal property which have heretofore been used in common by them. All articles of personal property which have been distributed in accordance with this paragraph shall be the sole and separate property of each party, free of any claim of marital property. B. Automobiles. Husband is the owner of a Jeep automobile and a 1981 Ford Mustang automobile and Wife is the owner of a 1981 Monte Carlo automobile. Said 1981 Ford Mustang automobile and 1981 Monte Carlo automobile are under and subject to purchase money encum- brances. Said 1981 Monte Carlo automobile shall be and remain the sole and separate property of Wi~e upon the execution of this Agreement free of any claim of marital property by Husband. Wife hereby agrees to assume the purchase money encumbrance against said automobile and agrees to indemnify and hold Husband harmless on account of said obligation. Said Jeep automobile and said 1981 Ford Mustang automobile shall, upon the execution of this Agreement, be and remain -6- the sole and separate property of Husband free of any claim of marital property by Wife. Husband agrees to assume the purchase money encum- brance against the 1981 Ford Mustang automobile and agrees to indemnify and hold Wife harmless on account of said obligation. C. IBM Stock. Husband is the owner of 20 shares of IBM stock. Wife agrees, upon the execution of this Agreement, that said IBM stock shall be and remain the sole and separate property of Husband free of any claim of marital property by Wife. D. Checking and Savings Accounts. Husband is presently the owner of a share draft account with the IBM Credit Union with an approximate balance of $500.00, a savings account with the IBM Credit Union with an approximate balance of $800.00 and a Commonwealth National Bank checking account with a balance of approximately $300.00. Wife agrees that upon the execution of this Agreement, said share draft account, savings account and checking account shall be and remain the sole and separate property of Husband free of any claim of marital property by Wife. 9. Division of Real Property. A. Family Residence. Husband and Wife are the owners, as tenants by the entireties, of real estate located in Lower Allen Township, Cumberland County, Pennsylvania, municipally known and -7- numbered as 1295 Letchworth Road, Camp Hill, Pennsylvania. It is agreed by and between the parties hereto that said real estate shall be and remain in joint ownership during the period of separation and shall be jointly owned by the parties as tenants in common upon termination of the marriage by divorce. B. Right of Exclusive Possession. Upon the execution of this Agreement, Wife shall have the right of sole and exclusive possession of said real estate. Said right of sole and exclusive possession shall continue until the happening of one of the following events: (I) When the youngest child of the parties reaches the age of 18 or graduates from high school, whichever shall last occur. (2) Upon remarriage of Wife. (3) Wife elects to no longer maintain said residence as her principal residence. (4) Said residence shall become the permanent residence of any person of the opposite sex not a member of Husband's or Wife's immediate family. c. Maintenance of Residence. During the period of Wife's right of sole and exclusive possession, Wife shall be responsible -8- for routine and ordinary maintenance of said residence. Wife shall endeavor to maintain the property in its present condition, ordinary wear and tear excepted. In the event that major repairs or maintenance are required, including, but not limited to, exterior house painting, major furnace repairs, roof, major electrical repairs, and the like, each party shall contribute one-half of the cost of said repairs. Before any major repairs or maintenance are undertaken, Wife shall obtain the agreement of Husband that said repairs are necessary and shall obtain Husband's agreement as to the contractor to be utilized and the cost of the repairs. The foregoing shall not be applicable in emergency situations. In the event that Husband shall fail to pay one-half of the cost of said major repairs or maintenance, then one-half of the cost thereof shall be deducted from Husband's share of the net proceeds upon sale and liquidation of the residence as hereinafter provided. Wife shall be responsible to pay all utility charges and municipal charges incurred in connection with her occupancy of the residence. D. Mortgage Payments. Said real estate is under and subject to a purchase money mortgage in favor of Germantown Savings and Loan Association. Wife agrees that during her period of sole and exclusive possession of said real estate to pay each monthly installment due on account of said mortgage and agrees to indemnify and save harmless Husband on account of any claim asserted by said -9- mortgagee. Wife shall be entitled to take as a deduction for income tax purposes and all other deductible expenses incurred by Wife. E. Wife's Option to Purchase Real Estate. During the period of sole and exclusive possession as herein provided and for a period of thirty (30) days after the termination of such right of sole and exclusive possession, Wife is hereby granted an option to purchase Husband's interest in said real estate. If Wife elects to exercise said option, she shall notify Husband, in writing, of her intention to exercise said option and shall pay to Husband one- half of the net proceeds as hereinafter defined. Further, Wife shall have the right to deduct from Husband's share of said net proceeds, one-half of the costs of any major repair or maintenance not reimbursed by Husband in accordance with the terms of this Agree- ment. Settlement shall occur within sixty (60)- days after Wife gives Husband her notice of intention to exercise her option. F. Husband's Option. Upon the termination of Wife's right of sole and exclusive possession as herein provided and after the ex- piration of the option period granted to Wife, that is, thirty (30) days, if Wife does not exercise her option to purchase said real estate, Husband is hereby granted an option to purchase Wife's interest in said real estate for one-half of the net proceeds hereinafter provided. Husband shall notify Wife in writing within said thirty (30) day period -10- and settlement shall occur within sixty (60) days after Husband gives Wife his notice of intention to exercise his option. G. Husband's Occupancy of Residence. If Wife's right of sole and exclusive possession shall terminate as herein provided, Husband shall have the right to occupy said residence as his principal residence. If Husband shall elect to so occupy the residence, then Husband shall be obligated to pay the monthly mortgage payments on account of the purchase money mortgage, all utilities and ordinary and routine maintenance of said residence. Husband's right of possession of said real estate shall be limited by Wife's right to compel the liquidation of the real estate upon the termination of Wife's right of sole and exclusive possession. H. Vacancy of Residence. In the event that neither Husband nor Wife shall elect to occupy the jointly owned residence as herein provided, then, duriQg said period of vacancy, each party shall be responsible for one-half of the mortgage paYment, utilities, real estate taxes, insurance and all expenses incurred in the maintenance of the home until such time as the home is sold. I. Purchase Price Pursuant to Option. If either Husband or Wife shall elect to exercise the option herein granted to each party, the purchase price for said real estate shall be as mutually agreed by and between the parties hereto. If Husband and Wife cannot agree upon -11- the purchase price, then each party shall retain a qualified real estate appraiser to fix the fair market value of said real estate and the average of the two appraisals shall be deemed the fair market value. J. "Net Proceeds" Defined. "Net proceeds" shall be determined by subtracting from the fair market value, determined in accordance with the provisions of this Agreement, the then-current principal balance due on account of the purchase money mortgage, applicable real estate transfer taxes, costs of preparation of deed, real estate commission, if any, and any other costs customarily charged to the seller of real estate. In the event that either party shall permit an encumbrance to be placed against his or her share of the jointly owned property after the date of the divorce then said encumbrance shall be satisfied ou t o,f his or her share of the, net proceeds. Further, in the event that there are any costs for extraordinary maintenance or repair which have not been previously reimbursed by either party pursuant to the terms of this Agreement, then the other party shall be reimbursed one-half of the cost of said extraordinary maintenance or repair out of the share of the net proceeds of the other. In addition, adjustments for real estate taxes and sewer charges shall be the property of or the obligation of the party who has paid or is obligated to pay the real estate taxes and the sewer charge. K. Liquidation of Real Estate. In the event that Wife -12- does not elect to exercise her option either during her right of sole and exclusive possession or within thirty (30) days after the termination of said right, and if Husband does not elect to exercise his option to purchase said real estate, then it is agreed by and between the parties hereto that said real estate shall be listed with a mutually agreeable realtor or sold privately. Upon the sale and settlement of said property then each party shall be entitled to one-half of the net proceeds as herein defined subject to the right of either party for reimbursement for the cost of extraordinary repairs or maintenance and subject to the right of either party to adjustments for real estate taxes and sewer charges. L. Encumbrances. Each party hereby specifically agrees not to encumber his or her share of the jointly owned real estate and further agrees that in the event that his or her share is encumbered, that said encumbrance shall be discharged out of his or her share of the net proceeds as herein provided. M. Insurance and Real Estate Taxes. The party in possession of the jointly owned real estate shall be responsible for all real estate taxes assessed against the subject real estate during the period of said possession. Further, the party in possession shall be required to maintain general liability, fire and extended coverage insurance on the jointly owned residence which said policy of insurance shall be for the benefit of both parties, as tenants in common. -13- The party who is obligated to provide insurance shall provide proof of said insurance to the other party upon request. 10. Custody and Visitation. Wife shall have custody of the parties' two minor children, sUbject to Husband's reasonable right of visitation and Husband's reasonable right of limited custody. Said visitation and right of limited custody shall be as mutually agreed by and between the parties hereto, taking into consideration the desires of each of the minor children. 11. Child Support. Husband agrees to pay to Wife for the support of the two minor children the sum of Four Hundred ($400.00) Dollars per month. Unless otherwise agreed, Husband shall pay one-half thereof, Two Hundred ($200.00) Dollars on or before the fifth (5th) day of each month and the balance thereof, Two Hundred ($200.00) Dollars, on or before the twentieth (20th) day of each month. Said support obligation shall continue until such time as each minor child graduates from high school or become self-supporting, whichever shall first occur. Further, Husband agrees that if any of the children wish to continue their education beyond high school, Husband shall contribute for each child, two years tuition in an amount not to exceed Five Hundred ($500.00) Dollars per year per child. Wife agrees to pay all other expenses in connection with said education. 12. Spousal Support and Alimony. Husband agrees to pay to -14- Wife in the nature of spousal support until such time as the marriage is terminated by divorce and thereafter alimony in the amount of Two Hundred ($200.00) Dollars per month. Said spousal support or alimony, as applicable, shall be paid through and including the month of May, 1984. The spousal support or alimony as herein provided, shall cease, however, upon the remarriage of Wife, death of Wife or the Wife's cohabitation with a member of the opposite sex who is not a member of her immediate family. Husband shall pay one- half thereof, One Hundred ($100.00) Dollars, on or before the fifth (5th) day of each month and the balance thereof, One Hundred ($100.00) Dollars, on or before the twentieth (20th) day of each month. Husband shall pay said payment directly to Wife. Wife reserves the right to confirm the spousal support or alimony payment, as applicable, through a support proceeding and at Wife's option, said payment shall be made through a domestic relation office having jurisdiction. Said spousal support or alimony payment, as applicable, shall be deductible by Husband from his gross income and shall be deemed income to Wife. 13. Medical Insurance. Husband shall provide for the benefit of Wife until such time as the marriage is terminated Blue Cross and Blue Shield medical coverage or their equivalent. In addition, Husband shall provide Blue Cross and Blue Shield medical coverage or its equivalent for the children as long as Husband is obligated -15- to provide support for said children. Husband acknowledges that said support obligation may continue for a period of two (2) years after graduation from high school. 14. Federal Income Tax Exemptions. Commencing the calendar year 1982, or the first calendar year in which the parties are required to file separate federal income tax returns, each party shall take one of the dependent minor children as an exemption for federal income tax purposes. When there is only one dependent minor child eligible as an exemption for income tax purposes, the parties shall alternate said exemption on a year-to-year basis, with Wife taking the exemption during the first tax year. 15. Tax on Property Division. Husband hereby agrees to pay all income taxes assessed against him, if any, as a result of the division of the property of the parties hereunder. Wife hereby agrees to pay all income taxes assessed against her, if any, as a result of the division of the property of the parties hereunder. There are not joint debts or liabilities, except the purchase money mortgage and the purchase money encumbrances against the automobiles as herein described. Husband agrees to discharge all uti1itiy bills incurred in connection with the jointly owned residence up to and I including the date he vacates said residence. 16. Breach. If either party breaches any provision of this -16- II Agreement, the other party shall have the right, at his or her election, to sue for damages for such breach. The party breaching this contract shall be responsible for the payment of legal fees and costs incurred by the other in enforcing his or her rights under this Agreement, or seeking such other remedy or relief as may be available to him or her. 17. Additional Instruments. Each of the parties shall on demand execute and deliver to the other any deeds, bills of sale, assignments, consents to change of beneficiary on insurance policies, tax returns and other documents and do or cause to be done any other act or thing that may be necessary or desireable to effectuate the provisions and purposes of this Agreement. If either party fails on demand to comply with this provision, that party shall pay to the other all attorneys' fees, costs and other expenses reasonably incurred as a result of such failure. 18. Entire Agreement. This Agreement contains the entire under- standing of the parties and there are no representations, warranties, covenants or undertakings other than those expressly set forth herein. 19. Modification and Waiver. Modification or waiver of any provision of this Agreement shall be effective only if made in writing and executed with the same formality as this Agreement. The failure of either party to insist upon strict performance of any of the -17- provisions of this Agreement shall not be construed as a waiver of any subsequent default of the same or similar nature. 20. Descriptive Headings. The descriptive headings used herein are for convenience only. They shall have no effect whatsoever in determining the rights or obligations of the parties. 21. Governing Law. This Agreement ~ha11 be governed by and shall be construed in accordance with the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have hereunto set their hands and seals the date and year first-above written. ~8~~ ~~J~~f Britt (SEAL) (SEAL) -18- COMMONWEALTH OF PENNSYLVANIA ss: COUNTY OF On this, the / ~{L day of nl.().)....{}L , 1982, before me, a Notary Public, personally appeared SYLVIA BRITT, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. lLlfitJIA p lI1aJt~a. Notary Public MERLENE MARHEVKA, Notary Public Carlisle, Cumberland County, Pa. My Commission Expires "'/7 Ilk COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~,,~-~~ ss: On this, the \ j ~ day of 'V-v\ ~ , 1982, before me, a Notary Public, personally appeared JOSEPH A. BRITT, known to me (or satisfactorily proven) to be the person whose name is subscribed same for the purposes therein contained. to the within instrument, and acknowledged that he executed the IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~~ Notary Pu c ,;s- NOTARY PUBLlC . P n'yeC D"'c Zl.19S'Jl My C'omm13s10n ~X.i ..... '... --. . F~ '~umberlo.nd Coufi.W. 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This vehicle has never Register of Wills, Cumberland County, Pennsylvania INVENTORY , Deceased No. 21-06-0536 Date of Death 05/17/2006 Social Security No. 165-34-0250 Estate of Joseph A BRITT also known as Mary Britt England Susan M Britt Joann Britt Decker The Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following Inventory include all of the personal assets wherever situate and all of the real estate located in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that the Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this Inventory. I/We verify that the statements made in this Inventory are true and correct. I/We understand that false statements herein are made subject to the penalties of 18 Pa. C. S. Section 4904 relating to unsworn falsification to authorities. J.D. No.: Ralph H. WRIGHT 56113 Signature: ~C\ Attorney: Signature: Signature: Susan M Britt ~ ~ 1St::bt. Qk LA- J ann Britt Decker Firm: Johnson. Duffie 301 Market Street Address: P.O. Box Lemoyne, PA 17043 Telephone: 717 -761-4540 Address: 2432 North 2nd Street Harrisburg, PA 17110 Telephone: 717-979-9916 Dated: Personal Property Cash............................................................................................... Personal Propert,y......................................................................... Stocks/Listed............................... .................................................. Stocks/Closely Held.................... .................................................. Bonds............................................................................................. Partnerships and Sole Proprietorships ..................................... Mortgages and Notes Receivable................................... ............ All Other Property......................................................................... ...-. ~,166.47 .. " 2,4HJ.00 r'~1 44,732~00 C.l -r1 r') c::) c..) Total Personal Property......................................... Total Real Property................................................ 56,308.47 149,091. 20 205,339.6r Total Personal and Real Property......................... Total Out-of-State Real Property.......................... Register of Wills, Cumberland County, Pennsylvania INVENTORY Estate of Joseph A BRITT No. 21-2006-0536 also known as , Deceased Date of Death 05/17/2006 Social Security No. 165-34-0250 Cash Americhoice -01 Senior Shares Account 1.300.00 Americhoice Suffix 13 - Share Draft Account 1.604.88 Americhoice Suffix -2 Sub Share Account 4.656.71 United States Treasury - Social Security Payment 1.604.88 Total Cash 9.166.47 Personal Property 1984 Pontiac Fiero - Donated to The Kidney Foundation of Pennsylvania 500.00 1996 Ford Ranger Pick up Truck - Valued using Kelly Blue Book. 1.910.00 Total Personal Property 2.410.00 Stock I Listed 516.4140 shares International Business Machines (IBM) - Common Stock 42.147.65 95.9300 shares Tyco Inti Ltd New - Common Stock 2.584.35 Total Stock / Listed 44.732.00 Real Estate Residence - located at 22 Wayne Avenue, New Cumberland, Cumberland County. Recorded in Deed Book 266, Page 3323. Tax Parcel No. 25-25-0006-477. Property appraised by Karen Darney, RSR Realtors. A copy of the appraisal is attached to this Return 92.000.00 (Attach additional sheets if necessary) Total Personal Property and Real Estate 205.399.67 Register of Wills, Cumberland County, Pennsylvania INVENTORY Estate of Joseph A BRITT No. 21-2006-0536 05/17/2006 also known as Date of Death . Deceased Social Security No. 165-34-0250 Residence located at 1295 Letchworth Road, Camp Hill - Joint property owned 57.091.20 as Tenants in Common with Decedent and ex-wife. Deed dated June 12th, 1968 in Deed Book 0 Volume 22, Page 841. Value of property based on 2006 Assessed Value of 100,160 x the Cumberland County Common Level ratio of 1.14 total value $114,182.40. A copy of the Deed, Divorce Settlemtn Agreement and Divorce Decree are enclosed as Exhibits Total Real Estate 149.091.20 2 E. I): lill OF COUNSEL nil II lid; II SIT\' \f:i .i] \ C H( \\'Fii)\U:. [1\ EIJ\'l \1' (, \1\1.:;" I) Ii' II \)i.1.1 lor 1\ .\ "1\' :.If: 1\ II (j! i I ( I ~ jUTl,/''',(I\ ! ~'I!iVq\\ JOHNSON DUFFIE F>:T. t,o. 11 1 E'.l\l,-\'! i., d-!\v~!<id:~,\A~ ,conI I~.\I IILlli\i(;Jlijii. \1 \::1, ( Lh! III II)! 1\ 1\. \ 1\' hi\! \Iiill \1i.1 i,'\'Si!;! \I!.lh".\ PlYI (;!{"-1\"1 li(l!)j"I:'l \! \\" \1 !\!'[i 11.\111 Il \1 \ \11\ I~] 1/.\ IITl! l I) S\l :1\Ti\ February 16, 2007 1\1.11.\ I. HI)\\\\I) Register of Wills Office Cumberland County Courthouse One Courthouse Square Carlisle, PA 17013 RE: Estate of Joseph A. Britt Date of Death: May 17, 2006 Your File No.. 21-2006-0536 Our File No. 1891-2 ."j i-,,_., , " Dear Register: Enclosed for filing please find the following documents for the above referenced decedent: ""j 1. 2. 2 Original PA Inheritance Tax Returns showing a refund due in the amount of $4.62 2 copies of Pages 1 & 2 of the Pa Inheritance tax return, which we ask that you time-stamp and return to us in the enclosed envelope. Inventory Copy of Page 1 of the Inventory to be time-stamped and returned to us in the enclosed self addressed envelope. Check attached to this correspondence in the amount of $30.00 representing the $30.00 filing fee for the Inheritance Tax Return and Inventory. ~t;..-. 3, 4. 3. Should you have any questions, please do not hesitate to contact our office. Thank you for you assistance in this matter. Very truly yours, JOHNSON, DUFFIE, STEWART & WEIDNER Dana Wieseman Estate Administration Paralegal Ene. cc: Mary B. England, Co-Administratrix Susan Britt, Co-Administratrix Joann B. Decker, Co-Administratrix :291973 JIl! \]\EKFT STEITI FO Bu\ 1!lli U\IO';\! F!\\S\lll\l\ l;rq) l'lli" \\\nrIDS\\CO\1 7177111 riW F\\ 7177hl '501'5 \1:\II@II)"\\lt!\! JOHNSON, DUFFIE, STEWART & WEIDNER, P.C, o r- <:0 0'6'6 '^, AI01 r- 3 ,,- r- i ocr':? W !.':. -(p~ ~~-\l.1U ~'" ~.,. 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