HomeMy WebLinkAbout06-29-07
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15051:.01111117
REV.1 BOO 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
RESIDENT DECEDENT 2 1 0 7
File Number
0506
Date of Birth
196403376
05312004
06081948
Decedent's Last Name
Suffix
Decedent's First Name
SHANK
PATRICIA
MI
L
(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
[!] 1. Original Return
4. Limited Estate
o
O 4a. Future Interest Compromise
(date of death after 12-12-82)
o
o
7 Decedent Maintained a Uving Trust
. (Attach Copy of Trust)
8. Total Number of Safe Deposit Boxes
2. Supplemental Return
o
o
3. Remainder Return (date of death
prior to 12"13-82)
5. Federal Estate Tax Return Required
o
00
o
6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
10 $pausal Povertv Credit (date of death
. biltween 12-31-111 and 1-1-95)
o
11.Election to tax under Sec. 9113(A)
(Attach Sch. 0)
~ORRESPONDENT - THIS SECnON MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
ame . . Daytime Telephone Number
E. RALPH GODFREY, ESQ.
City or Post Office
CARLISLE
State
PA
7172496333 ~ .
(') 5 -li,:t
REGISTE~ILLS U~NL .~~: ~~
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DATE FILED
Firm Name (If Applicable)
SALZMANN HUGHES PC
First line of address
354 ALEXANDER SPRING ROAD,
Second line of address
ZIP Code
17015
Correspondenfs e-mail address:
Matthew M. Shank
E. Ralph Godfrey, Esq.
DATE
L
Side 1
15051:.01111117
15051:.01111117
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.....J
:J.SDSbDlf2:J.lf6
REV-1500 EX
Decedent'sHame: Patricia L. Shank
RECAPITULATION
1. Real Estate (Schedule A)..,....................................................................................... 1.
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.
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.
9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10.
11. Total Deductions (total Lines 9 & 10)...................................................................... 11.
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 14iaX8ble
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
0.00
15.
4 0 ,. 3 9 7 . 0 0
16.
0.00
17.
0.00
18.
19. Tax Due................ ..... ........................ .... .................................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
L
:J.SDSbDlf2:J.lf6
Decedent's Social Security Number
196403376
52,500.00
52,500.00
12,103.00
12,103.00
40,397.00
40,397.00
0.00
1,817.87
0.00
0.00
1,817.87
D
:J.SDSbDlf2:J.lf6
.....J
ESTATE OF
Shank, Patricia L.
PA Inheritance Tax Return
Signature of Additional Fiduciaries
FILE NUMBER
21-07-0506
Under penalties of pe~ury, I declare that I have examined this return, including accompanying schedules and statements. and to the best of my
knowledge and belief, it is true. correct and complete. Declaration of preparer other than the personal representative is based on all information
of which preparer has any knowledge.
Signature #2
Name
Address 1
Address2
City, State, Zip
Date
~73"
REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-07-0506
DECEDENrs NAME
Patricia L. Shank
STREET ADDRESS
4339 Carlisle Road
CITY I STATE I ZIP
Gardners PA 17324
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. CreditslPayments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1)
1,817.87
0.00
3. InterestlPenalty if applicable
D. Interest
E. Penalty
Total Credits (A + 8 + C)
(2)
0.00
278.05
TotallnterestlPenalty (0 + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 2 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.
8. Enter the. total of Line 5 + 5A. This is the BALANCE DUE.
(3) 278.05
(4)
(5) 2,095.92
(5A)
(58) 2,095.92
.Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER-THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
D [!]
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........ D 0
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
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.S. 99116 (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. 99116 (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. 99116 (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. 99116 1.2) [72 P.S. 99116 (a) (1)].
The tax rate imposed on the net value of transfers to or for the use of the decedenfs siblings is twelve (12) percent [72 P.S. 99116 (a) (1.3)]. A
sibling is defined under Section 9102, as an Individual who has at least one parent In common with the decedent, whether by blood or adoption.
Rev.1502 EX+ (6-98)
.
SCHEDULE A
REAL ESTATE
COMM~ TH OF PENNSYLVANIA
INHERrrANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Shank, Patricia L.
FILE NUMBER
21-07-0506
All real property owned solely or as a tenant In common must lie reported at fair mar1tet value. Fair mlllket value is defined as the price at which property would be
exchanged between a willing buyer and a wilrmg seller, neither being compelled to buy 01' sell, both having reasonable kllOlMedge of the relevant facts.
Real property which Is JoIntIy-owned with right of survlvorslllp must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 135 Park Street, Bendersville Borough, Adams County, Pennsylvania - owning 1/2
interest as tenant in common; appraisal attached for $105,000.00
VALUE AT DATE
OF DEATH
52,500.00
TOTAL (Also enter on Une 1, Recapitulation)
52,500.00
(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 A (Rev. 6-98)
REV-1151 EX+ (12-99)
.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Shank, Patricia L.
Debts of decedent must be reported on Schedule I.
FILE NUMBER
21-07-0506
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
AMOUNT
See continuation schedule(s} attached
7,509.00
B.
1.
ADMINISTRATIVE COST~:
Personal Representative's Commissions
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
City
Year(s) Commil;lsion paid
State Zip
.2.
Attorney's Fees
SALZMANN HUGHES PC
1,000.00
3.
Family Exemption: (If decedenfs address is not the same as claimant's, attach explanation)
Claimant George H. Shank
Street Address 4339 Carlisle Road
City Garclners
Relationship of Claimant to Decedent
3,500.00
State
Spouse
PA
Zip
17324
4.
Probate Fees
59.00
5. Accountant's Fees
6. Tax Retum Preparer's Fees
7.
Other Administrative COsts
See continuation schedule(s} attached
35.00
TOTAL (Also enter on line 9, Recapitulation)
12,103.00
COpyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule H (Rev. 6-98)
Rev-1502 EX+ (6-98)
.
8CHIDULE H-A
FUNERAL EXPENSES
continued
COMMONWEAI.'lH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Shank, Patricia L.
FILE NUMBER
21-07-0506
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Ben Myers - grave opening -
450.00
2
Dugan Funeral Home Inc.
7.059.00
Subtotal
7.509.00
Copyright (cl 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
Rev-1502 EX+ (6-98)
.
SCHEDULE H.87
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEAl Tli OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Shank, Patricia L.
FILE NUMBER
21-07-0506
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Register of Wills - filing fee
35.00
Subtotal
35.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
REV-1513EX+(~)
*'
SCHEDULE J
BENEFICIARIES
COMMONWEAlTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
NUMBER
Shank, Patricia L.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS pnclude oubight spousal
Clisbibutions and transfers
under Sec. 9116(aX1.2)]
RELATIONSHIP TO
DECEDENT
Do Not Ust Trustee/a'
FILE NUMBER
21-07-0506
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
I.
1
Matthew M. Shank
P.O. Box 346
Bendersville, PA 17306
Son
2
Michael J. Shank
P.O. Box 201
Bendersville, PA 17306
Son
Total
Enter dollar amounts for disbibutions shown above on lines 5 through 18. as appropnate. on Rev 1500 cover sheet
ll. NON-TAXABLE DISTRIBUTIONS: .
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 ScheduleJ (Rev. 6-98)
REV.1513 EX+ (~)
.
SCHEDULE ..
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIOENT. OECEOENT
ESTATE OF
NUMBER
Shank, Patricia L.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS pndude outright spousal
C1lstributions and transfers
under Sec. 9116(a)(1.2)]
RELATIONSHIP TO
DECE~ENT . .
Do Not LIlIt T...-.,
FILE NUMBER
21-07-0506
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
I.
1
Matthew M. Shank
P.O. Box 346
Bendersville, PA 17306
Son
2
Michael J. Shank
P.O. Box 201
Bendersville, PA 17306
Son
Total
Enter dollar amounts for distributions shown above on lines 5 through 18, as appropnate. on Rev 1500 cover sheet.
ll. 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)
LAST WILL AND TESTAMENT
OF
PATRICIA L. SHANK
I, PATRICIA L. SHANK, of 4339 Carlisle Road, Gardners,
Cumberland County, Pennsylvania, being of sound and disposing
mind, memory and understanding, do hereby make, publish and
declare this as and for my Last Will and Testament, hereby
revoking all other wills and codicils heretofore made by me.
FIRST
I direct the payment of my debts and the expenses of my
last illness and funeral from my estate as'soon after my death as
conveniently may be done.
Further, in this connection, I authorize my personal
representative to expend funds from my estate, in such amount as
my personal representative s~all consider necessary and desirable
for the purchase, erection and inscription of a suitable marker
for my grave.
SECOND
I direct that my Executor shall pay all taxes that are
incurred by reason of my death, including both federal and state,
from the remainder of my Estate.
rl~
THIRD
I give, devise and bequeath all property of whatever
nature and wherever situate not owned in joint names with my
husband, GEORGE H. SHANK, to my sons, MATTHEW M. SHANK and
MICHAEL J. SHANK, in equal shares. In the event I am not
survived by either of my sons, I give his share to my surviving
son.
FOURTH
I nominate, constitute and appoint my husband, GEORGE
H. SHANK, and my sons, MATTHEW M. SHANK and MICHAEL J. SHANK, as
Joint Executors of this my Last Will and Testament. I relieve my
personal representa ti ves from the nece'ssi ty of posting security
in connection with their duties as such in any jurisdiction in .
which they may be called upon to act insofar as I am able by law
to do so.
IN WITNESS WHEREOF, I have hereunto set my hand and
seal to this, my Last Will and Testament, on this the ~~~ day
of ~, 2004.
-M~,(C;~ f JJ.~
PATRICIA L. SHANK
(SEAL)
2
4tl
Signed, sealed, published and declared by the above
named testatrix PATRICIA L. SHANK, as and for her Last Will and
Testament, in the presence of us, who, at her request, in her
sight and presence, and in the sight and presence of each other,
have hereunto subscribed our names as witnesses.
, 95 Alexander S
Rd, # 3, Carlisle, PA
, 95 Alexander S
Carlisle, PA
3
oj)
COMMONWEALTH OF PENNSYLVANIA:
ss
COUNTY OF CUMBERLAND
We, PATRICIA L. SHANK, ~1J~(S(lJtJA IJ. VOS.,
S1iF-V&NJ. YtSHmff~,Esq. , the Testatrix and the witnesses,
respectively, whose names are signed to the attached or foregoing
and
instrument, being first duly sworn, do hereby declare to the
undersigned authority that the Testatrix signed and executed the
instrument of her Last Will, and that she signed willingly and
that she executed as her free and voluntary act for the purposes
therein express~d, arid that each of the witnesses, in the
presence and hearing of the Testatrix, signed the Will as
witnesses, and that to the best of their knowledge, the Testatrix
was at the time eighteen (18) years of age or older, of sound
mind and under no constraint or undue influence.
Sworn to and subscribed before me
this Jf7'day of Moy
2004.
Jit>>~~~~
Notarial Seal
Tricla L. Bailey. Notary Pllblic
South Middleton Twp., Cumberland County
My Commission Expires Sept. 24, 2006
4
pl~
~bi~ meeb
cP./09r
THIS DEED made this 21st day of November, 2000,
BETWEEN GLENN E. TAYLOR and RUTH E. TAYLOR, husband and wife, of
Adams County, Pennsylvania, hereinafter called
"GRANTORS" ,
AND DIANE K. KUHN and ,P ^ )'RICIA L. SHANK, married woman, of
Cumberland County, Pennsylvania, as tenants in common, hereinafter
called
"GRANTEES":
WITNESSETH:
That in consideration of ONE AND 00/100 ($1.00) Dollar, in hand paid, the receipt
whereof is hereby acknowledged, the Grantors do hereby grant and convey to the said
Grantees, as tenants in common, their heirs and assigns;
ALL that certain tract of land situate in the Borough of Bendersville, Adams County,
Pennsylvania, bounded and described as follows, to wit:
BEGINNING at a point in the middle of an 11 Joot alley; thence along Railroad Street
South 65 degrees East, 113 feet to a lot now or formerly of Florence Michener; thence
along said lot South 19~ degrees West, 186~ feet to a post; thence by same North 64
degrees West, 113 feet to the center of said private alley; thence by said alley North 20~
degrees East, 186~ feet to the point in said alley near Railroad Street, the place of
BEGINNING.
BEING the same premises which J. Edward Taylor, by his Deed dated October 31, 1955
and recorded November 3, 1955 in the Office of the Recorder of Deeds in and for Adams
County in Deed Book 212, Page 105, granted and conveyed unto Glenn E. Taylor and
Ruth E. Taylor, husband and wife, Grantors herein.
RESERVING however unto the said Grantors the right to use and occupy said premises
for the term of their natural lives, without liability for waste, as a life estate therein. Said
Grantors as Life Tenants shall pay the costs of maintenance and upkeep, including taxes
and insurance, and all other expenses of said premises during their tenancy therein. Upon
the death of the second of said Grantors, said premises shall be vested fully in the
Grantees their heirs and assigns.
This is a conveyance from parents to children and is therefore exempt from Realty
Transfer Tax.
.113 "PtUl2 I"
I do hereby certify that the precise residence and complete post office
address of the within named Grantees is: f, b, f3 (J y JL { (?;e 11. J.. e r S /J i I J< r p;1 I 7 3> 06
Date:
I, ( 1.-1 / D 0
~ YJ4~
Atto ey for Grantees ( Ill.,. S)
COM:MONWEAL TH OF PENNSYLVANIA
COUNTY OF C~IDDRLMm ~~
)
:ss.
)
. ~ J ~
RECORDED on this Ja. day of a.n
the Recorder's Office of the said County, i~Bo k :t.3q
~ord.
:J.ro I ~in
, ,
,Page J{D .
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03-26-01 12:419RENDA
FEES
AFFORO tIJUS
"MIT TAX
RECORDS HOT.
ST
CHI(
CO
21098
01203452
$.13.00
"11.50
to. '50
"2.00
$27.00
$27.00
to. 00
RECORDER tF DEEDS
AOAI'tS CO 1t1
OETTYSBURth PA 17325
PATSY S. OOCHENAUER
CHI( $27.00
03-26-01 12:419RENDA 01203452
"123 9N'.8 ..1..
(
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BELL REAL E TATE, INC
8 . Ca,rlille Pike
York Sprinls, PA 17372
A. .p,'p' ,'RA' :"'..,'"
.........- ',; ;". <' -'- "-:"'..'.-
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RE", '. 'P'O' 'R'c' "T:
"," ~,:.', " ,," .' "', '
.' " ",', ,,' "", " , ... "
Property Located at:
135 Park Street
Bendersville, P A 17306
';,,7:
Prepared for:
Dilall'e K. Kuhn
Prep.
W'" :"'p"O:6B>'; "
, ".. ';/'.~,'. .
""'Y' .
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",ller
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June 8 2007'
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IrllG "U. I LI I rdUG'It II
Over 6 mos.
~<-~ ==:C~E
$(OO1ij (yrs) $(lllllIl (yrs)
58 low NEW NlA Low NlA
359 200 NlA NlA
~I~~; ,;".1 ,~it'
NlA
149 40 NlA
Shape RECTANGUlAR
No
SALE 3
27 SOUTH HIGH STREET
ARENTZVILLE PA
4 MILES
120 000 , 115000
89.81 r/J
RAYAC MLS
DESCRlPTlON
f.~m' ~.- ji'-"!" '. . iFf 73.34 rp :;!
RAYAC MLS
OESCRPrlON
-4457 YES -3000
02-27-2004
SUBURBAN
0.23 ACRES
HOUSES
2 STORY
54 YRS.
+5 000 VERY GOOD
T : BBths
+750 5 : 3 2
-2100 1719 .R.
FULl
UNFINISHED
1..cAR GARAGE
-3000
-6000
+750
+2 500
4750
t10250
and sales were In balance. Interest retas at that time were at 5.75 % fixed for 30
rabies available for this
nts. These
llis W- Is made ~ 'U-Is", 0 subject" ~ per pin. and speclIIcaIloos on ihe basis ~ a hypoIhetIcaI CQI1dIlon lhal1h81mprovl1menls hlVll been compIllIBd, or
o ..." lh81011oY.tlg 1IpIO, aIIIlIIlIons or cmIIIIons
IIA8ED ON AN 0 EX'I!MlIlIN8l'EC1llN FIIOIIlHESI1IEET OR AN
PllllPBI1Y lHAT.lItE IUB.IECT OF 1118 llEPOIIT~i;::.
~ INTEllIllR ANIl EXTERIOR 1N8l'EC1IIN, I ESlIIAlllltE IIARKETYALUE,AS IIEfIlEll, llFTIII REAL
:.~~'
PAGE 1 OF3
Form 205 - 'TOTAL lor WIndows'lIflPI'IlsaI soI\war8 by ala mode, Inc. -1-800-ALAMODE
FlmIe Mae Form 2055 9-96
H UlJ "U. UhJI . auu "'I
/
Deskta Underwrner Quantitative Anal Is A ralsal Re rt ,.Ie .0.
ProjIallRlonlllllanfal'PUDa (I"')"1s the dMloper/bUlderln conlroICtlll Home Owne/&' AuocIation (IIOA)? 0 Yes 0 No
PmvIdB InIonnaIlon flr P\Ills only I the dBvBtopBrJ1JuIIls In ClIIlIroI 01 the HOA IIld the IlJbjBcI pnJpBIIy Is an atIachIId dwBIIng unII:
TIIIaI oomllBr B TIIIaI number of units TolaIlIIlIIIbBr of uQts Qj
TIIIaI oombBr of unls ToIsIlII/1IIJBr of unItJ lor uIe DaIa Source(s)
Wu lhB projBcl CIlIBIBd by lhB of 0Iallng buIIdInga Into e POO? 0 Yel 0 No If yes, dale of conversion:
Does .. profect conIIIn MY ? 0 YBI 0 No DaIa Source:
MlhB COIlIIlOIl elements ~? No If No, dBScdbe _I 01 compIeIIon:
MIllY convnon IIBIIlBID leased m or by" HOIIlII OwneII'
IleacllIIe common eIem8nla IIld 1tCIlIIIlonaI11ICIIIBS:
m descrfbilg I1l1llIIIBrms and options.
PnljIIt InIamIIIIan far ~ (l1ppIIcsble) . .Is lhB deVlloplrftJullde In 0 Yel 0 No
PmvIdB the IoIIowIng WonnaIIon lor ai: ConcIonWIIum PnljecIs:
TallIIlIJI11ber of phasea Total oomber of ToIlII rumer of units sold
TallII rumer ofll1lllllllllld ToIsI Ids lor sale Soun:e(l)
Wu lhB profect CIHIBd by the COllVIIIIlII of BlIIslIng alllllldon*1il11? 0 YBI 0 No I , of COIIV8I'11on:
flIDIIcI Type: 0 Pmwy ResIdInce 0 or RaCIlIaIlooaI 0 Row or Towmouse 0 Gilden e 0 HIghrIse 0
CondIIfon oIlhB projIlcl, quality 01 mix. ell:.:
o Yee 0 No If No, desCrIbe staIus 01 ~:
MIllY
leased m or by Ihe Home Owners' Assocl8IIon? ;
BIIlmenIs and 1ICIlIIIIonII1acIIIIes: '
(
PURP08E Of APPRAISAL: The purpoIB of this lIppIBI8IIls to estmate the III8Ik8l vlllue 01 the IlI8I property that II the subject 01 this report b88ed on e
qllll1lllatlve sllles comp8IIson anIIIysls for UIBIn a JnCIItIIlIge ftnInce tnIIlIactton.
DEFNI10N Of MARKET VALUE: The most probable plleewl1lch a property IhouId bring In a compelllve IJllI open III8Ik8l under 811
condIIIons requlslle to a fair 88Ie, the buyer and seller, each aetIng prudenIIy, knowI8dgeabIy and 88sum1ng the pllee Is not lIfIected by undue
stimulus. 1mplk:1I In this deIInIlon Is the cOll8UltllTlllll 01 a ... 88 of a specIIIed dale lIIId the passing of tIIIe from aeIIer to buyer
under conditions whereby: (1) buyer and seller are typically molIv8t8d; (2) both partlea are well Infonnld or well 1dvI8ed, and 88Ch acting
In what he consld8nl his own best InteresI; (3) a reasonable tme Is allowed for exposure In the open II18IkeI; (4) payment Is made
In terms 01 cash In U.S. dollars or In terms 01 financial lIITIl1Il8fII8I comparable lhlnto; and (5) the price I1prIMIlIa the nOl11llll cons/denlllon
for the property add unaffected by special or creaIIV8 financing or IiIes COIIC8eIIonI* grIIIled by anyone associated with the SIle.
* Ac4U8Im8nts to the ~ must be made for special or Cf88IIve fInanCIng or IIIIee conC888lons. No ~ are IIlIC8888Iy for thOI8
cOlts wI1Ich are nonnaIIy paid by I8lIars 88 a. result of tnIdItIon or law In a I1llI/IlIIl area; thase costs 818 I8IdIy IdentIlIabIe since the
seller paye these COlts In vIrtUally all IIIIee transacllonl. Spec/aI or cl8lllv8 financing adJu8lm8nts can be made to the c~
property by comparllons to lInancIng tenns offered by a third party Inlllllullonal lender that Is not IIready Involved In the property or
transactlon. Ally adjulllment IhoukI not be calcuIlIhId on a. mechllllcal dOllar for doIar COlt of the financing or concll88lon but the dollar
amount of any adjuIIment should appt'lIldmate the rnalUt's, reaclIon to the financing or COIlC88a1onl based on the appraI8er'l judgment
STATEIIENT OF UMmNG CONDITIONS AND APPAAJSER'S CEATlFlCAnON
CONTINGENT AND I.IITING CONIIITION8: The appraI.....s C8ItIIIcIIIon that appears In the apprIlslll report Is subJect to the following condlllons:
1. The appral.... wi not be ruponslble for matters of a legal mdlJl'll that lIlfect either the property being appraised or the tllIe to It. The appnIIser ...umee
that the tile II good and markIItabIe and, therelors, wll not render any opInIone eboul ths title. .. The property Is appreII8d on the
baSIs 01 It being under responsible ownel1lhlp.
2. The appraJaer has provided any required sk8tch In the appraI8aI report to show approximate dinenIlons 01 the In1provements and the sketch
Is Included lII1ly to 88a1at the I98lIar of the report.1n vI8u*Ing the property Md und8I8IandIng the appralsar'1 d8lennInaIIon 01 Is size.
3. The sppraIeer \VII not give tasImony or appear In court becauu he or she made 811 appralsaI of the proparty In qu88IIon, IIIlIeas apecIlIc
lIITIIIII8/llents to do 80 have been made belorehand.
4. The appreIaer has noted In the IppIII8lIlI8pOlt lilY adverIe condIIonI (euch 88, but not IImbd to, I188dedreplllre, the pI'8II8I1ClI of hezardouI
W881ee, tOJdc IUballnco, eIc.) obselYed during the inspection of the subfect property or thai he or she becivne aware of dut1ng
the normal ressarch Involved In perlcmnlng the appreIseI. Unl... othe!wII8 ataIed In the appraisal rapcrt, the appraiser has no knowledge
of any hldden or IIIl8pplIIIIIt condlIIona 01 the property or adv.... envlronmantsl condllona (IncIucIng the presence 01 hazanloua
wastas, toldc 8UbelIncee, lite.) that WlIlIId make the property more or leu vlIuabIe, end has II8UITl8d thai thire are no euch condllone II1d
mak88 no gu...... or warranties, 8llpI88S8d or implied, regarding the condIIon of the property. The appreIaer wi not be
reaponaIIJIe for any IlICh condIIIonl that do exist or for any engIneeIlng or testing that might be requQd to discover whether such conditions
IIldst. BecauIB the appt'II8er Is not an . expert In the ftekI of environmental hazaIdI, the appraisal report must not be con8klBred
88 III 8IlVIr0lllll8lllal _osment of the propecty.
5. The appraiser oblInd the 1nformeIIon, 8IlinaleI, end opinions that ware expreued In the apprIIIeI report from SOUfcee that he or she cons1d818 to be
rIIIIbIe and bellevee them to be true and COITlICt. The appraiser does not 88lIUI1llI rllllpOll8lblllt for the accuracy of euch lema thai wers furnished by
other partles.
6. The appraiser wi not dI8cIo88 the contanll of the appraleal report IIlllllIPl 88 provided for In the Unllonn Slandarde of Pnlf88llonll ApfIfaIaaI PnIclIce.
7. The appreIaer RJlst provlde his or her prior wrlIlen cCllll8llt before the Iender/cIIent specified In the 8pp11/18l report can d181r1bute the appreleel
report (including concluaIona lIbout the .property vIIIue, the appnIeer'e IdenIIIy end prol88IIonII deeIgnatIonl, end llIferencee
to lilY prol888lonal appraisal organlzallone or the flnn with which the appraiser Ie .8I8OCIIIId) to anyone other than the borrower;
the mortgegee or b IUCC8880ll IIIlI aulgns; the mortgege Ineurer; coneuttanll; prof8l8lonll appnIIeI/ organizations; any ataI8 or
fedellly approved financial Inlllullon; or any depaI1ment, agency, or Instnmentallly of the Unbd SIaIea or any state or the DlstrIcl of
Columbia; 8IICIJIt that the Iend.-tcllenl may cI8trIbute the report to daIB collection or IlIPOItInlI I8Mc8(s) wIhout having to obtain the
IIpfIIlIIser'I prior 'WIIII8n conll8lll The appraIaer's WIItIII1 COII88IlI and approval RJllIt also be obtained belon the appreI8aI can be
conveyed by anyone to the public through adv8rtI8lng, public relations, 118W8, AIel, or other media.
8. The appraiser has based his or her appraisal report and vaIIIIIIon conclusion for an appreIsIII that IIIlIbJect to compl8llon per plana and apeclllcallona on
on th. basis 01 a hypothetk:aI condIIIon that the Improyementl have been compI8Ied.
9. The apprIII_ has based hII or her appraisal report and vW8ln conctUilIOn for 811 apprallllll that Is IllbJect to complllJon, repaII'8, or 8IIerIIIon8 on the
aaeum n thai compIIIlon of the ImpnmmentI wi be performed In a WlIIflrnIIlIIe manner.
PAGE 2 Of 3 FInnIt MIl Form 2lI55 NIl
Form 205 - "TOTAL lor WIndowI" apprlllssllOl\wa by ala mode, Inc. -1-<<JO.ALAMOOE
~lIall Rt:~Int:IITlal III~RUt: DRRDt:RTY ADDRAI~AI Rt:DRRT
___ NaY ....~I
Dsskto
File .0. 727
APPRAISER'S CERTFICATION: The Appraiser certifies and agrees that:
1. I performed this appraisal by (1) personaUy Inspecting from the street the subject property and neighborhood and each of the
clllTlplllllble sales (unless I have otherwtse Inclcaled In this report that I also Inspected the Interior of the subject property); (2) collecting, confirming,
and analyzlng data from reliable public and/or prtvate sources; and (3) reporting the results of my Inspection and analysis In this summary appraisal
report. I further certify that I have adequate Information about the physical charactelistlcs of the subJect property and the comparable sales to develop
this appraisal.
2. I have researcIIed and analyzed the cQlllJl8l'8ble sales and ofleringBJllstlngs In the subject market area and have reporl8d the
comparable sales In this report that are the best avaHable for the subject property. I further certify that adequate
comparable market data exists In the general market area to develop a reliable sales comparison analysis for the subject property.
3. I have taken Into consideration the factors that have an inpact on value In my development of the estimate of market value In
the appraisal report. I. fUlther C8rtIly that I have noted any apparent or known adverse condlllons In the subject inprovements, on
the subject sIle, or on any sle wtthln the immediate Wclnlty of the subject property of Which I am aware, have consldered these adverse
condIIIons In my analysts of the property value to the IIIllent that I had market evidence to support them, and have commented about the effect of
the adverse condllons on the marIcBIabIIlty of the subject property. I have not knowingly withheld any slgnlllcant Information from the appraisal
report and I believe, to the best of my knowledge, that all statemente and Information In the appraisal report are true and correct.
4. I stated In the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
subject only to the contingent and Iinitlng condlllons specified In this form.
5. I have no present or prospective Interest In the property that Is the subject of this report, and I have no present or prospective personal
Interest or bias wIlh respect to the partk:Ipants In the transaction. I did not base, elther partially or complelBly, my analysis and/or the
estimate of market value In the appraisal report on the rece, color, religion, 'sex, age, marital status, handicap, tamllal status, or national
origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties
In the vicinity of the subject property or on any other basis prohibited by law.
6. I have no present or contemplated future Interest In the subject property, and neither my current or future ~ nor my
compensation for performing this appraisal Is contingent on the appraised value of the property.
7. I was not required to report a precIUrmIned value or direction In value that favors the cause of the client or any related party, the
amount of the value estimate, the attainment of a speclOc result, or the occurrence of a subsequent event In order to recelve. my
cllll\flllllSall and/or employment for perfonni1g the appraisal. I did not base the appraisal report on a requested minimum Yaluatton,
a specific valuation, or the need to approve a specific mortgage loan.
8. I estmaled the market value of the real property that Is the subject of this report based on the sales comparison appIllllCh to value. I
further certify that I considered the cost and InCOll18 approaches to value, but, through mutual agreement with the client, did not devlllop them, unless
I have noted olh8lWlsa In this report.
9. I performed this appraisal as a limited appraisal, subject to the DBparlure Provision of the Uniform Standards of Professional AppraIsal
PraclIce that ware adopted and promulgated by the AppraIsal Standards Board of The AppraIsal FoundatIon and that ware In place as of
the effecUve dati of the applllisal (unless I have otherwise indicated In this report that the appraisal Is a complala appraisal, In which
case, the Departure Provision does not apply).
10. I acknowledge that an aetlmate of a reasonable tine for axposure In the open market Is a condIIIon In the definition of maIkat value.
The lIllpOSUI8 tine assoclated wRh the astinate of mlllket value for the subject property Is conslstant wllh the rnaJkalIng time noted
In the NalghboltJood . section of this report. The rnaJkalIng pal10d concluded for the subject property at the estimated market value Is
also consistent wIlh the markaIlng tina noted In the Nalghbofflood sacllon.
11. I personally prepared all conclusions and opinions about the real estate that ware set forth In the appraisal report.
further certify that no ona provided significant professional assistance to me In the development of this appraisal.
SUPERVISORY APPRAISER'S CERTRA1IIN: If a supelYisory appra/slIr signed the appraisal report, he or she certIfIas and agrees that:
I dlreclIy suparVIsa the appraiser Who prepared the appraisal report, have examined the appraisal report for compliance with the Uniform Slandanls
of Professional AppraIsal PraclIce, agree wtth the statamants and conclusions of the appraiser, agree to be bound by the appraIsar's
cartlllcallons numbered 5 through 7 above, and am taldng full responslbHIty for the appraisal and the apprelsal report
Signalure:
Name: WAYNE B.
Company Name: BELJ: ESTA INC
. Company Address: 8438 CARUSLE PIKE
YORK SPRINGS. PA 17372
Date of RaporWlgnature: 0lJ.06.2007
State CartIflcation #:
or State Ucense #: BMlO401o-L
State: PEHNSYl. VANIA
Explra1lon Date of CertIfIcaIlon or license: 08-3lHI7
SUPERVISORY APPRAISER (ON\. Y F REQUIIED):
Signature:
Name:
Company Name:
Company Address:
Date of ReporVSlgnature:
S1ate CflftiIIcation #:
or State License #:
State:
Explrallon Data of Certification or license:
ADDRESS OF PROPERTY APPRAISED:
135 PARK STREET
BENDERSVlu.E. PA 17308
APPRAISED VALlE OF SUBJECT PROPERTY $ 105.000
EFFECTIVE DATE OF APPRAJSALJINSPECTlON 05-30-2Q04
LENDERJCLENT: DIANE K. KUHN
Name:
Company Name:
Company Address:
SUPERVISORY APPRAISER:
SUB.,IECT PROPERlY
o Old not Inspect subject property
o Old inspect lIldIIrlor of subject property from street
o Old inspect interior and lIllbIrIor of subJect property
COMPARABLE SALES
o Did not inspect exterior of comparable sales from stroot
o Old Inspect exterior of comparable sales from street
PAGE 3 OF3
Form 205 - 'TOTAl for Wi1lIows" appraisal soIIwar8 by a Ia mode, Inc. -l-800-AlAMOOE
FII1lia Mae Form 2055 9-96
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Front View
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f
t
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Rear View .
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Garage
Street Scene
Park Street