Loading...
HomeMy WebLinkAbout07-26-07 (2) DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) ~ Shoemaker, III John ~ DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) ~ 6/1/2006 3/2/1931 W (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) C REV.1500 EX (6-00) w .... lll:~CI) oO::lll: wD.O ::c~ o D.lD D. ~ OFFICIAL USE ONLY COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT ~1_ COUNTY CODE ~L 0474 ___ YEAR NUMBER [X] 1. Original Retum D 4. Lim~ed Estate [X] 6. Decedent Died Testate (Attach copy of Will) D 9. Litigation Proceeds Received D 2. supplemental Retum D 3. Remainder Retum (date of death prior to 12-13-82) D 4a. Future Interest Compromise (date of death after 12-12-82) D 5. Federal Estate Tax Retum Required D 7. Decedent Maintained a Living Trust (Attach copy of Trust) L 8. Total Number of Safe Depos~ Boxes D 10. Spousal Poverty Cred~ (date of death between 12-31-91 and 1-1-95) D 11. Election to tax under Sec. 9113(A) (Attach Sch 0) 3W4645 1,000 ---_.~ " i I: j , ::n- ::I.: Cf! .&'" \D FILE NUMBER v SOCIAL SECURITY NUMBER 162-22-2824 1lI1SRElURN MUST BE FILED IN DUPLICATE WITH THE z o i= :5 :J l- ii: <C o W D:: 6. Jointly O\Nl1ed Property (Schedule F) (6) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 5.15 488,759.49 11. Total Deductions (total Lines 9 & 10) 263,959.14 224,800.35 0.00 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES (14) 224,800.35 c~ '0/ REGISTER OF WILLS SOCIAL SECURITY NUMBER ..... z w o z o Q. Ul ~ II: o o THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: NAME COMPLETE MAILING ADDRESS 44 West Main Street Richard C. Snelbaker FIRM NAME (If Applicable) Snelbaker & Brenneman,P.C. TELEPHONE NUMBER 717-697-8528 Mechanicsburg,PA 17055 (j 6 c:; ~ICIAL USE QNI;lI <. ::0 C__ -") c: '---f-O I ~~: F,~ N _"~)~~ en 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) j " "0 -) 0 "11 -~)~ --o~ );-, 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Depos~s & Miscellaneous Personal Property (Schedule E) (5) 8. Total Gross Assets (total Lines 1-7) (8) 72,448.34 191,510.80 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabil~ies, & Liens (Schedule I) (10) (11) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) (12) (13) 15. Amount of Line 14 taxable at the spousaltax z rate, or transfers under Sec. 9116 (a)(1.2) o ~ 16. Amount of Line 14 taxable at lineal rate .... ::> D. 17. Amount of Line 14 taxable at sibling rate ::E o o 18. Amount of Line 14 taxable at collateral rate )( ~ 19. Tax Due x .0 L.,(15) X.O 45 (16) x.12 (17) x.15 (18) (19) 0.00 8,766.02 0.00 4,500.00 13,266.02 fXl 20 ~ > > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < < Decedent's Complete Address: S1REET ADDRESS 1 Shoemaker Lane Silver S rin Cumberland Count CITY Mechanicsbur STATE PA ZIP 17050- Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) 13,266.02 0.00 9,000.00 450.00 Total Credits (A + 8 + C) (2) 9,450.00 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 0.00 Total Interest/Penalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 3,816.02 A. Enter the interest on the tax due. (5A) 0.00 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGIS7ER OF WILLS, AGENT (58) 3,816.02 PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;. . . . . . . . . . . . . . . D b. retain the right to designate who shall use the property transferred or its income; . D c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . . D d. receive the promise for life of either payments, benefits or care? . . . . . . . . . D 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? [K] 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. 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. ~E FPERSON~ONSI"RFI~N _ '4l71~..-:-/ . F.--.":e(IJJ10 SS Rob S1G Yes No og og ug ug og D t 1Zr;-/o7 6 Johns Drive, Mechanicsburg,PA 17050 DA s(01 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. ~ 9916 (a) (1.1) (i)). For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. ~ 9116 (a) (1.1) (Ii)] 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. PA 17055 For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. ~ 9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. ~ 9116(1.2) [72 P.S. ~9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% (72 P.S. ~ 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common wilh the decedent, whether by blood or adoption. 3W4646 1.000 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE REV-1502 EX + (6-98) ESTATE OF FILE NUMBER John V. Shoemaker. III 21 06 0474 All real property owned solely or as a tenant In common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both hailing reasonable knov.1edge of the relevant facts. Real property which is joinUy-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH Lot #3 containing 18.36 acres, Fry town Road, Upper Frankford Township, Cumberland County, Carlisle, PA 17017 appraised value (copy of appraisal attached) 100,900.00 2 8.06 acres of land located on Old York Road, Fairview Township, York County, New Cumberland, PA 17070 appraised value (copy of appraisal attached) 14,000.00 3 Property known and numbered as 170 East Penn Street, Borough of Carlisle, Cumberland County, Carlisle, PA 17013 appraised value (copy of appraisal attached) 49,500.00 4 Property known and numbered as 1 Shoemaker Lane, Silver Spring Township, Cumberland County, Mechanicsburg,PA 17050 (sale value - see attached settlement sheet) 224,900.00 3W4695 1.000 TOTAL (Also enter on line 1, Recapitulation) (If more space is needed. insert additional sheets of the same size) $ 389,300.00 I 4ND APPRAISAL REPORT IFile No. 06-150 KD I Shoemaker Est File No. 06-150 KD Census Tract ** Map Reference ADC 3112 Census Tract #25420-130.00 State PA Zip Code. 17017 Borrower NA Property Address Lot #3 F own Road City Carlisle County Cumberland Legal Description Deed Book J31, Pa e 807 Tax 10 # 43-05-0419-01:1 Sale Price $ Date of Sale NA Loan Term NA yrs. Property Rights Appraised ~ Fee 0 Leasehold 0 De Minimis PUD Actual Real Estate Taxes $ 875.05 (yr) Loan charges to be paid by seller $ NA Other sales concessions Lender/Client Richard C. Snelbaker, Esquire Address 44 West Main Street Mechanicsbu PA17055 Occupant NA Appraiser Karen Damey Instructions to Appraiser A raise as of date of death Location Built Up Growth Rate Property Values Demand/Supply Marketing lime Present Land Use DUrban 0 Suburban ~ Rural DOver 75% ~ 25% to 75% 0 Under 25% o Fully Dev. 0 Rapid ~ Steady 0 Slow o Increasing ~ Stable 0 Declining o Shortage ~ In Balance 0 Oversupply o Under 3 Mos. ~ 4-6 Mos. 0 Over 6 Mos. 90% 1 Family _% 2-4 Family _% Apts. _% Condo --.l% Commercial % Industrial 8% Vacant % Change in Present Land Use ~ Not Ukely -0 Ukely (*) (*) From To ~ Owner 0 Tenant ~% Vacant $ 75 to $ 350+ Predominant Value $ 125 New yrs. to 100+ yrs. Predominant Age 50 yrs. o Taking Place (*) Employment Stability Convenience to Employment Convenience to Shopping Convenience to Schools Adequacy of Public Transportation Recreational Facilities Adequacy of Utilities Property Compatibility Protection from Detrimental Conditions Police and Rre Protection General Appearance of Properties Appeal to Market Good Avg. Fair Poor O~OD O~DO O~OO O~DD O~DO D~OD D~OD D~DO O~OO O~DO D~OD O~OD Predominant Occupancy Single Family Price Range Single Family Age -1 400 1,265 5516 o Did 0 Did Not Physically Inspect Property L.G. Connor Real Estate Appraisers Form LND - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Borrower/Client NA ProDertv Address Lot #3 Frvtown Road Census Tract #25420-130.00 Citv Carlisle Countv Cumberland State PA ZinCode 17017 Lender Richard C. Snelbaker Esauire Supplemental Addendum IFile No. 06-150 KD I File No 06-150 KD · Land : Neiahborhood Market Factors Steady price increases and MLS statistics demonstrate a stable demand for this area. Average property maintenance programs observed. Employment is within ~ 15-30 minute driving time. The area is rural/agricultural in nature. · URAR: Site Comments Cont'd: decreased due to amount flood area. The eastern section and along the creed frontage has dense volunteer growth and is wooded. There does not appear to be any significant timber value present. According to FEMA Flood Map Number 4215900005A, March 4, 1988, the majority of the subject is located in Flood Zone AE. The non-flood area is located in Zone X. Site borders the creekalont the southern boundary line. · URAR: Sales Comparison Approach Cont'd: as a future residential site. Most weight placed on Sales #1 and #3 which are located closest to the subject and most similar in size. Estimated indicated value can also be determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of relative quality of the compo A lower adjustment indicates a better comp, and vice versa. The ratio of gross dollar adjustment to sale price for each of the comps is used to calculate the weight each comp should have is a weighted calculation. This weighted calculation is used to also indicate the estimated value of the subject. As with any method this technique is not perfect. However it does do a very good job of giving more weight to the most similar comps while at the same time minimizing values near the extremes of the indicated value range. The indicated weighted average is $5,600, which supports the estimated value. · Land : Final Reconciliation no hidden or unapparent conditions of the property that might impact upon buildability. The appraiser recommends due diligence be conducted through the local building department or municipality to investigate buildability and whether the property is suitable for intended use. The appraiser makes no representations, guarantees or warranties. 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 land without walking the entire perimeter. Review of the REDS courthouse data and Central Penn Multi-List, Inc. records. Review 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. NOTE: Appraiser cannot guarantee that property is free of encroachments or easements, and recommends further investigation and survey. · URAR: Supplemental Certifications I certify that, This SUMMARY APPRAISAL REPORT was prepared at the direction of Richard C. Snelbaker, Esquire, (client) for use in estate settlement. 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 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 September 22, 2006. Form TADD - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE SupplemenlalAddendum ir-ile l~iJ, uo- IOU I\U I Rle No. 06-150 KD Cumberland State PA Census Tract #25420-130.00 Zi Code 17017 own Road _ No one provided significant professional assistance to the person 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 1f Fonn TADD - ''TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE ,..~ . IFile No. 06-150 KO I 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 assuming the price 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 title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed 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 terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal 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 sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons 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 mechanical 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 AND 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 will 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, will 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 determination. 4. The appraiser will 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 land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of 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 of the subject property or that he or she became aware of during the normal research involved in performing 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 environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal 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 fumished 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 appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including 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 instrumentality of the United States or any state or the District of Columbia; 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 written 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, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93 L.G. Connor Real Estate Appraisers Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE !rile I~U. uo- IOU l\U I APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison. analysis and have made a dollar adjusbnent when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjusbnent to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjusbnent to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant infonnation from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct 3. 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 limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the SUbject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial 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. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined 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 specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in confonnity with the Unlfonn Standards of Professional Appraisal Practice that were adopted and promUlgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not app\y. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as. comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the SUbject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks perfonned by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. 10. See additional Appraiser Certifications and Limiting Conditions found in the addendum of this report. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERn APPRAISED: Lot #3, Frytown Road, Carlisle, PA 17017 APPRAISE~~ J . -.. ..~l (>>.~ Name: Karen Damey, State Certified General R . Appraiser Date Signed: Octotober 7,2006 State Certification #: GA001260L or State Ucense #: State: Pennsylvania Expiration Date of Certification or License: June 30, 2007 SUPERVISORY APPRAISER (only if required): Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: o Did o Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE ( Location Map) "IiI;:ltl"~_ ~~ ~~ '! - l.-:I oq- '''l'1"W t it '\. } ~ ) ~~ vk ~,,~..... /'A'I;V.e~~.v '#J'''' : ..., "..~ ' ., -" ... #7/' .I/. . .S'" 4J 1"" NO ..,.. ) n1\ 9 '41 ,'d ~ 1 " Ii ~I t . IV -Iii? - ~ ~~ ilJO ~ ~ .) ~ ~ t ..J.,~ ~ ^' ~~ ~ ~ t ~ , \ \ \ \ \ \ ,. I I ... f11 ~ I , . I .. I , , .. I .4?,,/!'C> , \ rJJ RJW - ~'1 6/'P 'D.f<? t7 . JI. If~~' _' '1./---- z.? ,Z 0. .. ... ~ - -- .. Of ...;) '''l ~ ~ \ '\ ~ " '" '. \ I ~" ~J - :a~ ~ \ ~ ':I.t ~ ~ "l ~ ~ ~ 977 ,;(9 r ""r- .. \, ~f r' j' .\ ,- ^"'- ~ ~ 'I i ,I /"~"".-vr/ORp \ ~. L I :.-- ,,~ ~ ' - . ~ ~:.' ! .... :::. ~. ~~ ~. ~ .' - . C' ,: :~ .. . ' ...." . . I! It 1111 ! tIll f! . I I I . . . i j ~ <( , 0 I - I . Z i C ! -< i ; ~ I d ( i~ L ~ J Q..-, ~,... u..zr~"~ O>U.!,~' '~4i":l) i= ~.... ,. "r LlJ .. ~ ~o:: ~u. I It) ~o I ~ >z ~ ..t:...,u :; O::?:; ~ ~t::: w -~ :::~- <:~ - offi <<:x U 0 1i:'l!:f L Z g' S 0 r....! ~', ('...J - ~"'-- Ln ""'" -...> 1_'"> D::; THIS DEED P nD V MADE the /0 4 day ~/~ tn the year o~u !.d ~ne thousand nine hundred eighty-five (l98~ BETWEEN DAVID E.'ROGERS and LORNA W. ROGERS, his wife, of the Borough of Carlisle, Cumberland County, Pennsylvania, hereinafter referred to as Grantors, AND JOHN V. SHOEMAKER ill of One Shoemaker Lane~ Mechanicsburg, Cumberland County, Pennsylvania, hereinafter referred to as Grantee: WITNESSETH, that in consideration of the sum of EIGHTEEN THOUSAND ($18;000.00) Dollars, in hand paid, the receipt whereof is hereby acknowledged, the said Grantors do hereby grant and convey to the said Grantee, his heirs and assigns: ALL that certain tract of land situate in Upper Frankford Township, Cumberland County, Pennsylvania, bounded and described according to a property survey for David E. and Lorna W. Rogers, as prepared by Wilbur H. Clifton, R.S., dated September 4, 1984, and recorded in the office of the Recorder of Deeds in and for Cumberland County in Plan Book 46, Page 125, as follows, to wit: BEGINNING at a point on the existing right-of-way line of T-441, and a p.k. nail in T-448; thence along T-448 the following cOUrses and distances: SO,uth 31 degrees 51 minutes 30 seconds East 57 feet to a p.k. nail; South 60 degrees 30 minutes 40 seconds East 44.45 feet to a p.k. nail; South 83 degrees 35 minutes 06 seconds East 47.35 feet to a p.k. nail; North 80 degrees 14 minutes 10 seconds East 120.77 feet to a p.k. nail; North 84 degrees 12 minutes 20 seconds East 62.90 feet to a p.k. nail; South 85 degrees 30 minutes 10 seconds East 55.60 feet to a p.k. nail; South 82 degrees 47 minutes 00 seconds East 229.90 feet to a p.k. nail; South 77 degrees 16 minutes 50 seconds East 88.34 feet to a p.k. nail; South 59 degrees 00 minutes 44 seconds East 70.23 feet to a p.k. nail; South 36 degrees 18 minutes 15 seconds East 208.93 feet to a p.k. nail; thence along and through the Conodoguinet Creek the following courses and distances: South 82 degrees 50 minutes 15 seconds West 239.25 feet to a point; South 68 degrees 50 minutes 15 seconds West 363 feet to a point; South 37 degrees 50 minutes 15 seconds West 468.60 feet to a point; South ]4 degrees 11 minutes 50 seconds West 295.15 feet to a point; thence by land now or formerly of Frederick M. Kappel and crossing over T-44l, North 39 degrees 45 minutes 10 seconds West 1204.50 feet to a point; thence alo'ng land now or formerly of Evelyn C. Hemphill, crossing through and over T- 441, the following courses and distances: North 67 degrees 44 minutes 40 seconds East 481.80 feet to a point; South 31 degrees 15 minutes 20 seconds East 47.85 feet to a point; North 81 degrees 44 minutes 40 seconds East 371.60 feet to a point, the point and place of BEGINNING. BEING Lot No. 3 of the above-referred-to Plan and containing 19.171 acres. ,', br~:t?-~ N,r;r. 807 ',,)\,.1, ...... f,,_l. LAW OFFICE MARTS ON. DEARDORFF. WILLIAMS & OTTO BEING part of the premises Ja~es F. Gilmer and CIaraC. (LPeYhis wIfe, by deed dated June 2, 1975 and recorded in the office of the Recorder of Deeds in and for Cumberland County in Deed Book "B", Volume 26, Page 954, granted and conveyed unto David E. Rogers and Lorna W. Rogers, his wife, Grantors herein. SUBJECT, however, to the following restrictions: 1. No unlicensed or inoperable vehicles shall be permitted on the premises herein conveyed. 2. No junkyard shall be established or permitted on the premises conveyed herein. AND the said Grantors hereby covenant and agree that they will warrant generally the property hereby conveyed. IN WITNESS WHEREOF, said Grantors have hereunto set their hands and seals the day and year first above written. Signed, Sealed and Delivered . ~ IndP~reof :l dA 4 I /JJl LlJdJ-. (SEAL) (SEAL) COMMONWEALTH OF PENNSYLVANIA ) : SS. COUNTY OF CUMBERLAND ) On this, the /0 I/j day of July, 1985, before me, the undersigned officer, personally appeared David E. Rogers and Lorna W. Rogers, known to me (or satisfactorily proven) to be the persons whose names are subscribed Jo.'t!i~':Yii'thi.~ instrument, and acknowledged that they executed the same for the p.u've~1es '{nef~Jri t. d .' . .' d ^ 1.{ .;:. J.- con ame . ;' 41~!'~.J..\." ..." ,..1....\"" { .::J ;~~:~..~~~~: I ~": C} In witness whereof, I hereunto set my ha : 0 : _.', . ',', 0 Co.:. SANORA S. ECKENRODE :....:2;.. ?.:.' ....J ..: ,';J NOTARY PUBUC . ,~/ . ';) ..u CARUSLE CUMBERLAND CO PA. .J.., ':\ ,"...::- ~. ,.. ... . ( ... MY COMMISSION EXP. OCT. 26, 1986 (~!". ,):;' ~;..,":; ,) ',....'.., .', ~ ", oW....". I do hereby certify that the precise residence and complete post:6ffi~e'~9,~f~~' of the within named Grantee is One Shoemaker Lane, Mechanicsburg, P A, 17055.":~'~.r:~7' ~ J. 7.,,'" , 198~ !12!~~ i-Io VI for Grantee I ,.,-,~'11 ~~!,r;':' 80S to... ~ ~_' ,,~~ " LAW OFFICE'S - MARTSON. DEARDORFF. WILLIAMS & OTTO COMMONWEALTH OF PENNSYLVANIA) : SSe ) RECORDED on this 4YM day of A.D. 19 IS"', in the Recorder's office of the said Co Volume JI , Page ~. ' ,,~,'~ ~ '\~' '.;' 'T~ ~ ~ ~'~;i' ~, "" ~ " ~i:;. st.): .~ [. COUNTY OF CUMBERLAND Deed Book t' Given under my hand and the seal of the said office, the date above written. ..~::.w..:"'i~~~:~h~'~i..~ .:~Y~;~._.' . . ~'ll:"\J & ",'~., , '~~~;~~:~::'~~'~:~:~~~i~j~~:: . ',r,' ,r 'f:~"""'" . . ,~f{.;: f' :'.,..A:'f"Ji1!:.-: ~'. '~:!'\ '=' ': ~\""".f".'F:'~!(',:l<f1/1f \\".1 Ii':"; , '~:'~~>~:./:i/:.:' ,,~'."'~ll,:.__ :.; !rl<"- · '..' ~,At- .. \'i.if' 'i;t; ~ \. '- : :1t' ,Jt,.-;.,/';;,,,.:t..J: 'if'~,.:.,:.,. ; , di. ;;':J:.ij.~~"'::::.~ti.l.:-~.> ;H~' ,'0 "'T~~"'i"'" -, " ....;,;, -- -'~%""""". ,''- "t.' Xi<:;+" ",' ..;..... ~~_.-,.......Jt\.'.. .," , " i;...~,i l~~~:''':;''';'"" -""'~- .~ '.....104. 'J.:.,v' .t1.. "----...- . .~L~ .,' '~~. ~, n U ., 1\ ~~f...~ .,' ',. ~{t~ '-' ",~,~~" - "-: '3.i-.r-:''!'~Jo,>.;-" _1(;lijjJi. . ",'-\ti~r~~-:r~~ . fownr.hlp ot ~~'t~-d Cumb. Co., Pa. .J.'Xo Real Est.te Transf.r T_ .,... l-;lS _jT;j.- QV1 t'--co Da~......... Amt. L.~....... .~,U~ Cumbo Co. Dirt. Col. Aat. &,,~ ScOotI Diat. C4lmb. Co..Pa. I Yo Re.l E.tllt. Tr....fer Tax --;:::- ~ oa+e 7.~~:.l ~ A.t. . Y.L!... P~~;J2/~ r:umb. Co. Dl1t. Col. Aat. .-, ~-4 .,~,,~ 809 e~:.\ U v~ 1"::::- LAW OFFICES - MARTS ON. DEARDORFF. WXLLIAMS &, OTTO . ~" \ i I ! 1-'~ .... .~ ~ 'It (I) 10935 I>c (2.) \2. 002. '" 7 7 293 .e. 42Ae 1049 4 ., \2) "34 \6. ~ () 2G\11lc. .,. SEl PHOTO ~ 't' .!. G 29 I f If ~ .~ GNPNa. '"' 0C0f"YIUQHT1tM ( Tax Map Location] For more informiltiOh abo..rt flood zoMS an<.l flood , lnstJranoe. 001\t30t: ! ZONE X -ZO N E A ................_ OCOP'YNOHT ,'" c-' FLOOD PRONE STRE NOTE TO USEF This index provides a list of all streets Insurance Rate Map (FIRM) that are part Special Flood Hazard Areas (SFHAs).This used as an authoritative source for d specific streets. properties. or buildings This index is intended to be used only as a the relative location of the street in questi KEY BAKER STREET .............. ,/ iltreet name ..................... NAMED STREEl ,,'A-5749. .,. ............ ....... ... ....... .~BLOSSERV1LLEROAD ................ GRAHAMS WOOD ROAD... .......... INTERSTATE ROUTE 76............... L.R.-21036.......................... . L.R.-21 001 ........................... L.R.-21059.......................... . T-405. .... .... ....... ....... ...... ... T -409. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T-421............................... . T-429............................... . T-439............................... . T-441 .. ..... .. .. ..... .. ., ..... ..... .. T -449. . . . . . . . . .. . . . . . . . . .-. . .'. . . . . . . .... T-451............................... . T-944............................... . ....t fFlood Plain Map 1 II-lie NO. Ub- 1 i:lU K.U I Subject Photo Page Borrower/Client NA ProDertv Address Lot #3, Frvtown Road City Carlisle CDuntv Cumberland State PA liD Code 17017 Lender Richard C. Snelbaker, ESQuire Lot view looking southeast Lot #3, Frytown Road Sales Price NA Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Average Average/Rural St. Street view looking west Subject land on the left of this photograph. Street view looking east. Subject land on right of this photograph. Form PICPIX.SR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE . 'ND APPRAISAL REPORT Census Tract ** Shoemaker File No. 06-155KD Map Reference ADC 3119 E9 **49620-0202.20 Zip Code 17070 Borrower Estate of John V. Shoemaker, III Property Address 8.06 acres Old York Road City New Cumberland :County Yor~ State PA Legal Description Deed Book 0977, Pa e 0820 Tax ID #27-000-RG-0028-AO-00000 Sale Price $ per acre Date of Sale NA Loan Term NA yrs. Property Rights Appraised IZI Fee D Leasehold D De Minimis PUD Actual Real Estate Taxes $ 255.49 (yr) Loan charges to be paid by seller $ NA Other sales concessiuns NA Lender/Client Richard C. 5nelbaker, Esquire Address 44 W. Main 51. PO Box 318 Mechanicsbur PA 17055 Occupant Vacant land Appraiser Karen Damey,CertGenR.E. I- Instructions to Appraiser ****Provide retros ective market value as of the DUrban IZI Suburban D Rural DOver 75% IZI 25% to 75% D Under 25% D Fully Dev. D Rapid IZI Steady D Slow IZIlncreasing D Stable D Declining D Shortage IZIln Balance D Oversupply D Under 3 Mos. IZI 4-6 Mos. DOver 6 Mos. 85% 1 Family ---2.% 2-4 Family _% Apts. _% Condo -----1% COljlmercial % Industrial 10% Vacant _% ,~ Change in Present Land Use IZI Not Likely D Likely (*) D Taking Place (*) (*) From To IZI Owner D Tenant --1-% Vacant $ 90 to $ 350+ Predominant Value $ 125-135 New yrs. to 100+ yrs. Predominant Age 35-45 yrs. Location Built Up Growth Rate Property Values Demand/Supply Marketing Time Present Land Use Predominant Occupancy Single Family Price Range Single Family Age Employment Stability Convenience to Employment Convenience to Shopping Convenience to Schools Adequacy of Public Transportation Recreational Facilities Adequacy of Utilities Property Compatibility Protection from Detrimental Conditions Police and Fire Protection General Appearance of Properties Appeal to Market Good Avg. Fair Poor DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DIZIDD DDDIZI COMPARABLE NO.3 Sandy Lane Monroe Townshi 13 +/- miles 1,500 15000 1500 June 1, 2006 **** _ tobe$ 14000 D Did D Did Not Physically Inspect Property L.G. Connor Real Estate Appraisers Form LND - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE 0> .... ~~ 'C 0.05 a. "",,<DL.OOO::>O!'-O-.;:t-.;:tex) o ..- ,-, It;) 0) 0 0 -.;:t ex) 0 t- 0 0 g r:: ~ ('1)_ 0)_ L.O_ C">_ ...-_ N_ 0_ ...-_ -.;:t_ t- fFtfFtfFt..-...-...-NC">N...-C">...-..... fFtfFtf:FtfFtfFtfFtfFtfFtfFtfFt 0>0> ...-.....00 0C"> OL.O-.;:t N""<DC">NOOOL.OOO)OC">C"> Cf)"- (.) ex) ...- ...- ..... 0 <D ..... 0 Lri CO L.O <( "'...- "'...- OOOOOOOCOOOOO O>OOOOOOOL.OOOOO (.) CO -.;:t CO 0_0 O_O_L.O_O_O L.O_L.O 'C - - - -.;:t - L.O L.O N L.O - <D - o.-.;:t<DCO...-CO...-...-...-NL.ONt- f:Ftf:Ftf:Ftf:Ftf:Ftf:FtfFtfFtfFtf:Ftf:l7fFt en UJ ...J <( en UJ ~ - en ~ () o ...J o Z <( ...J u.. o >- UJ ~ :J en <D <D <D <D <D <D.L.O L.O L.O L.O -.;:t -.;:t '* ~~~~~~~~~~~9 ~ o ro ro ro ro 0.0> 0> o.o.~ 0> ro ~ ~~~~<(u..u..<(<(<(Cl20> ~ 9'~ 00000 ':>,.C':>,. 0) 0) 0) 0) 0) 0> ~ L.: 0 ~. ~ c ..c. ro ro ro ro ro 0 0> ~ 0> .... (\) := (/) ~ ~ ~ ~ ~ .... .- (\) C 0> .- .:::t:. C 0> Q) 0> (\) 0> 5 .f; ~ 'E ~ .~ ~ ~ 555 5 521fZO>~Z(\)~U:: 1-00000 > . ......,. ". ,~,,".".,....,.....';'. .~; ;;' "0 "0 ro "O"Oroo rorooo::: "0 000:::.... ro O:::O:::....(\) "0"00 "0 C:' C:':m 1ij ~ "0 -g ~ ro 0::: ro........ro..c.rorooo:::"Ooc coo> 0> ..c. c ...J 0 0::: ~ 0::: . ro o 0::: .0 .0 C (\) >- 0::: :::: >- +-' +=- .:::t:. .!!l .!!l 0> 0."0 .... 0> 0::: (\) c ~ (.) ~ ~ 0.0 C 0.0> t:-- ~ SciS~.588~~~~~~~ 00000 00000 00000 0000.0 00000 ~ ' I 1 , I 000000 u..ooow I . I I I o>O)...-C">O)co !->...-NN<D<D -~~~~~ ro99999 0.(9(9(9(9(9 ~222ZZ 1-00000 00000 00000 I I , I I C">C">C">C">C"> NNNNN 000000 000000 000000 0000 '0 000000 ex) I I , I 0 I cooooo '0 o.......owooo I j- I I I 0 C">-.;:t"-O)!'-OL.O -.;:t...-"'-N...-C"><D 0...-"'-0000 000,0000 1 I I I I I ~u..:cou..:cco Nqq~qO~ NOOOOOo 000000 999909 "'-- ~ ~ ~ ' ...... N~~~~N Borrower/Client Estate of John V. Shoemak\ Prooertv Address 8.06 acres, Old York Road **49620-0202.20 City New Cumberland County York State PA liD Code 17070 lender Richard C. Snelbaker, ESQuire Supplemental Addendum File No 06-155KD · Land : Neiahborhood Market Factors maintenance programs observed. Employment is within a 15-30 minute driving time. · URAR: Site Comments Cont'd: parcel. Market appeal would be restricted primarily to an adjoining property owner. Your appraiser did not walk the land due to inability to locate it. Appraisal based on tax map with topography overlay provided by the York County Planning Commission. The Fairview Township zoning officer stated development would be restricted due to slope restrictions. Based on ariel view the parcel is wooded. It is unknown if any timber value is present. It is assumed that no timber value exists for this appraisal. Recommend a timber evaluator be contacted, if you have a concern. Mr. Chuck Britton, owner of the mobil home park to the west, states he has no knowledge of an easement to the subject tract. To his knowledge the subject tract is sloping with a steep decline to the creek located on the south side and is wooded. Your appraiser cannot guarantee the property is free of encroachments or easements,and recommends further investigation and survey. · URAR: Sales ComDarison ADDroach Cont'd: granddaugther from an estate settlement and additional purchase of 4 acres purchased in 2004. Sales #2 and #3 were single lot purchases by an adjoining property owner. No adjustment was made for time because the market survey indicates no appreciation. All sales considered equally. Estimated indicated value can also be determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of relative quality of the compo A lower adjustment indicates a better comp, and vice versa. The ratio of gross dollar adjustment to sale price for each of the comps is used to calculate the weight each comp should have is a weighted calculation. This weighted calculation is used to also indicate the estimated value of the subject. As with any method this technique is not perfect. However it does do a very good job of giving more weight to the most similar comps while at the same time minimizing values near the extremes of the indicated value range. The indicated weighted average is $1, 700 (rounded). The enclosed survey of land locked sales have an average unadjusted unit price of $1,708; or say, $1,700 (rounded) per acre. Based on the weighted average and taking into consideration the unadjusted survey average, a blended weight of $1,700 per acre was considered appropriate. · Land : Final Reconciliation The appraiser's conclusion of value is based upon the assumption that there are no hidden or unapparent conditions of the property that might impact upon buildability. The appraiser recommends due diligence be conducted through the local building department or municipality to investigate buildability and whether the property is suitable for intended use. The appraiser makes no representations, guarantees or warranties. 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. ScoDe of Work: Appraiser did not walk land. Attempt was made to view land; but, location could not be determined. Size/shape was determined based on tax map, ariel view, and discussions with two surrounding parcel owners and zoning officer of Fairview Township. Topographical overlay provided by the York County Planning Commission. Review of the REDS courthouse d~ta and Central Penn Multi-List, Inc. records. Review 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. 5Decial Limitina Conditions: If the property is sold, this appraisal is subject to survey and investigation if a right-of-way exists. · URAR: SUDDlemental Certifications I certify that, This ~UMMARY APPRAISAL REPORT was prepared by Karen Darney at the direction of Richard C. Snelbaker, EsqUire, Snelbaker Brenneman, P.C. (client) for use in estate settlement. 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 ~ir:ne of the prepar~tion of t~is report. Any use of this appraisal by any other person or entity, or any reliance or declslon.s .~ased 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. Form TADD - "TOTAL for Windows" appraisal software by a la mode, inc. -1 "800-ALAMODE fI Supplemental Addend'Um ' BOlTowe[' Iient Estate of John V. Shoemaker III Pro e Address 8.06 acres Old York Road C' New Cumberland Cou York State PA Lender Richard C. Snelbaker, Es uire File ~. 06-155KD . 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 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. - No one provided significant professional assistance to the person 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. - Ttle use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly ~utho . ed representatives. . 2l q, j IlL? Ce-.- . ren &~iJata c~'7'naral Real Estate Appraiserl/GAO01260l . l Form TADD - "TOTAL for Windows" appraiSal software by a la mode, inc. - 1-800-ALAMODE 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 assuming the price 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 title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2). both parties are well informed or well advised, and each acting in what he considers his own best interes~ (3) a reasonable time is allowed for exposure in the open market (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal 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 sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons 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 mechanical 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 AND 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 will 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, will 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 Rood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will 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 land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of 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 of the subject property or that he or she became aware of during the normal research involved in performing 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 environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal 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 fumished 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 appraisal that is subject to satiSfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including 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 instrumentality of the United States or any state or the District of Columbia; 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 written 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, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93 L.G. Connor Real Estate Appraisers Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the SUbject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a Significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knOWingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. 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 limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the SUbject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial 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. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined 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 specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in cOnformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the SUbject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. 10. See additional Appraiser Certifications and Limiting Conditions found in the addendum of this report. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 8.06 acres, Old York Road, New Cumberland, PA 17070 APPRAISER: SUPERVISORY APPRAISER (only if reqUired): Signature: ' II; Name: Karen Dame State Certified General R. Date Signed: October 24, 2006 State Certification #: GA001260L or State Ucense #: State: Pennsylvania Expiration Date of Certification or Ucense: June 30, 2007 raiser Signature: Name: Date Signed: State Certification #: or State Ucense #: State: Expiration Date of Certification or Ucense: o Did o Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR - "TOTAL for Windows" appraiSal software by a la mode, inc. -1-800-ALAMODE ---------....- ------- Tax t..,ap: Shoemaker '.'... ;.-' ...,~...., .........-:..~:"'.... '~<'''' lI130AO---;' "" . . 000000 '-'~---------- <.;: , -------------,- ._-----,---. '-'---, ."'-- '---,- ", .,"......,. .........-----~ 1..,....."'-... ,............~ ----I... ",,_ ~~ - I ..... .......... . '-, ,,_ ~-'__::--.." '.~ . I ", ',,___ ',______ '''-t:t " ,---1 . '_',__" ~'___" .,~.. -- "" '----------. ,~ ,-------, "0900"J """'_ ' , ------- . .", ", ,--'~.. "... ~..:,~.',,~'=:.~-=:::.::::-~ -- ~~:::---------... --- -~ ,-'---- , ---.~.- '-'- OV2",O -,--- ~ " '--- .~' -- ..'____.u._.', "-- ", ~~"'-- _,,,, _ I 00.98;[""----- ,>' - .::-'~ ~, '., " '... ,! I ," ,....... -. <~"'" < " ~" " . -- ,",- - -- -~" ,---- '- I ---, I I -==--~ 1IIIIo...::'~ __~ ~_____ " .. ",-. -, - < -I.".. '~!-......._ -:-' i-I. ...1 ,...._-... ".. .""'-. "~'" · ~ -'..., " -- '. "'., "', , ....H."-CC:::--..e r--,." ,,_, ~.. ~----------~~ '- ':.~, :,~',- "<::=---------- --- -----:=:-,s--!-g-~iLJL!,,02""~J,,':'::~~~1:::J----:...:..~,'~~~==-~-::.::=~ -... .... ..... "", " ... " "'-~, 'I - e ~ ,,' /........... :::-- ~, ' -'''T ------------ -- ". "",--- --, '", :'--::::------~ - "--~-:-'-L : ~"""-'--c.~ i ~------- g-/'-f--- ____ _____(_ ", "" '-, ---, '" '---- --~f ..', 'I, '_~' ____1.""."'. ~ __ ___ , -- '----.:::. "'" ,~---- -----,-- ------ ,.~ -'" '" _,J ____, / -------,,""- '",--- "'", "',-- '-----.::','" --------------- ~~-----~~ ,~---- I " "--. --'..:::----~ . ",~ .' / ~, '- --- '--, ''',,-- ~--------------- $o~ i" ___. _________ ,/_ '~ '----~~~~, - I -- ....... ---- ~"~::::.~,,/ ~ ~ / ~.'=::-~_L "'. -=-~>.....~l~,/--".. -----. ----~.:::~ " .. .' .' 002800 - --------~..." ~~.... .. / /; ~ / j /------- ,"." ~ --.::_--".,:...,. ~//~./~/ ,-;/,",/",: /' / " ,,---- --~ // /'/'./ ,', , . ' I 002700 ' . '",', ", -------- ~-:::./~/<< f)1f;:/':./ ~_ I' '------:'--------------- ~ ------------ ~ /-::: / , / /'~-----::/'" / ~ /' -/" -- /: - /. . '- -' // //,/.-./ - // /' >...-" /...._" '-'-- / . ~ ,/.,/ /' -" ,,'.- "'.... .-/.//~- // .: ',-- 00201\0 "/"><<'>~/,/",'-,: ",-- /::--', - " ----- / J ",,-- -------------- '~' --'.---'j '--::-"::7 ',,/-' . "', / -==:~- .!'~( ~-~._- '.,~~,.//~. '-''''ii '--------- ~ ~ ~,~-------------- ....'--' ------- . ------- ~ =:::.r/------------"~--, ------- ~ / -:::------ i:--:::------- ''-"" ___...______/ / '----- <::---- i.---~ "':.,. ____.- //' ,<- ----!---------- -- -~ ----, /--------- //--I-<--;~_~' . '<:., oo==---, '--..., '" {--// ~ - .....-------.....--.. ...----~ /" ------ '----. ',,-, '1./----./------------ '''<I>, /'>(' --------" l/'----------~,_ I , L-----_____________ ,\ ......--'-/ l_____________~___ //~ \=-:----------" ,," --_/~ ~,._-=--==-_._-_., - .-- i i "'-' - ----- \ I '--------, r'" -_ 0057<:0 '-~---'-I" -, . ~----- --., "r..-", '-- ~~:-=~~~~~i_\,'~- -----.,-,-,---,. -- \" '-, \ -', \ N ""--~\ A t---_ ' '~-. \ 005380 -'----._--- \---., 100 \ 2~;' 300 400, SOIl -- , I-. Feet -'----"" " '" " ------ ----- ,--- ./ ---' --- " '~ "" "--- --..-.......... ----. '~., ------....... ------- ----- ------. -----------., ---. ---------<'- , /----.-. .~ "--- -......._- ----- '" '" '" ------, ---------- i~ ----- ; /-/ ---I -' . ~ r-- '____' / ./~i~--,__________-' , -~~I---_~ ". L___________, ------------.---_______________ i ___ , i _____ ---- j/ ------- i ,/ ! ~--- ------- ;-~-" "ilt, ------., ! .--------'" '--- " -'''-.. ~ , ---~---- --- .---_/ i -,<< '----- ------- -",'-'lb, .....---...... -- ..---. /' ../ ~- .-------------- -- ~----------- ~~. --- )\, " :'- ' ~/.'''' "",,'. '-'---'--'~.--..,--"--, ------------- ~- ,;.. '" ". '.'<-.. /~ .....j.. ~~ - '\'5 \\ --.,----~ " \\ ------- --- ----- &9!ml :? Parcel Contour /" \- /'-~~'"~ \, />\\. \, \ .- ,.-.'-\----.::-., \ \~---- '---------------",- .---'~~~--- ....,~o::__-___.__________" ',,_ ---------- - ----.. ---;'~-~ " \", ~',-- /"</rj!).1F,')-' (l " Custom Report Full Report ParcellD er Name ot Dwelling/Rent SqFt drooms Baths Half Recent Sale Price oOwner rop Class ax District chool District rop City ax Map ax Suffix otal GLA SF ASSESSMENTS Assessment Year Land Value mprv Value !rota I Value PROPERTY AND OWNER INFORMATION mage R RESIDENTIAL 27 FAIRVIEW TOWNSHIP 16 WEST SHORE PA RG AO 2006 $14,510.00 $0.00 $14,510.00 Tax District Clean and Green Indicator Farm Land Value Market Land Value Page 1 of2 Other Imagtts Prop Addr Land Use Acres Baths Full Num Parcels Recent Sale Date Owner Addr Owner Addr2 Owner City Prop Street Num Tax Block Tax Parcel Tax Leasehold Owner Dis Ia OLD YORK RD 100 RESIDENTIAL VACANT LAND 8.06 o 1 9/2211994 1 SHOEMAKER LANE MECHANICSBURG PA 17055 OLD YORK 000 0028 00000 JOHN V SHOEMAKER III FAIRVIEW TOWNSHIP NO $0.00 $14,510.00 RANSFERS Sale Date 9/22/1994 Book 0977 Grantor SHOEMAKER RUTH A Sale Type LAND & BUILDINGS Sale ValiditY RELATIONSHIP OF PART SITE CHARACTERISTICS Utilities NONE Topograph Traffic LIGHT Road Fronting NONE Location Acres 8.06 Neighborhood -and TVDe Land Size RESIDUAL 8.06 DWELLING CHARACTERISTICS ICard Number mprovement Style Dwelling SqFt Unfinished Living Area Rec Room Area Finished Basement Area Total Rooms Bedrooms I=amily Rooms ~ths Full Baths Half Plumbing Fixtures Living Units ~ondo Tvpe laTHER BLDG AND YARD IMPROVEMENTS !cOMMERCIAL CHARACTERISTICS JsKETCH Sale Price Page Grantee Num Parcels $1.00 0820 SHOEMAKER JOHN V III 1 LEVEL NEIGHBORHOOD OR SPOT 02701000 GENERAL NBHD (FAIRVIEW) Land Measurement ACRES 1 VACANT o o o o o o o o o o o Total Cards Year Built Year Remodelled New Construction Exterior Wall Num Stories Basement Type Bsmt Garage Cap Attic Heating AC Heat Fuel Heat System Fireplaces Condo Level 1 o o o o o o t. AUG-31-200S 09: 116 Fr'om: BROI-N APPRAISERS 717+845+5840 To: 717 737 3906 ....P~Il.~, .f. ,.....; ..' t. .. '. . .-,,' ....~..--...-.:-:=1 ...."'...,,'-~'I!....."-'...,,..'_............,.'~IIl._..,......, . ..... PAGE " ." '.....; 0820 :'. i,::', .: "l',a. . .' 4, fO"",, ~ wAIUL\N'tY DUD 0510.!. .;1 .II 1 J i1t . "';M.~""'~~_"'''''.'. _J_oI'.....:."p, 4"'" ," . ,- '.. /:tf- Pf,' i~ !:;':~, ~;;'r(r'~ 'i...If.",!,!.~. ~,.:"-~'~ ,..~Ui ~,',"""oN\r~ "' i.... .' "..~'.' '. . < ..' . " .J':". 000" . ~ "~r.}.!" ", :t~.!~., 0;" 1. I" I, 't~ f\ \~~ "'C--I'J1.~""',~:~~-~""","~~.~.~-, ~t \"~"'H.I" . .-091,' t:. I .M, '''-~'i~~.,'~. :; , l,.. ~t .~ ,. ,. 'i,,_ .~ ~.{...\, '^ -, ' (' 'I r;1 :~ ' \. _' \'",r . ,i. '~'~Dn'U'" WADITBIJti iLt1"'~""'''' fI...... Olin_ad NIu tIddnd N"i""FJ(!lIN) . t ',. t , D1'WIINI LV' AVltJIL L IItOPf.urn "''''DNa. ~trII PI. ~ .. WlU .Dd T........ af avnt It. .IIOIMAII.....". eI DlUI,,1a CaIaaIy. ,.Il.... ud AV$UL L .KOaw.-lCER SAMDN!!S, 'ili,hI WOIIIIa. Ia~t .. JOHN v. SHO~R, W,'WM.to lqllJ, lrldIYl'ualJ, pan,. or tbt ant part. ...lutIer caUecl1b. Or.... AIll__ ',.(',. . . , :,~, -. ..... JOliN V. 'HOIM.UWI, 111. I ....te 811" of y_~; JflDuyl~_ tan, c1tdla-.4 pan. ......,.., oau.s tile 0....... I 11 I I i I I I I , I \mIitw, .. _IiIRllt' A. SiaDIlbr becaM Sa... ~ . ..... Ill.. _ or gd. . I canala 1M at pleoo of patladt top" ... W bu~ ... Iatpl'O\'tlllJa. ...~ ....4,..... .. "-. 1'onIhtP III ,.lnWw. Y.:d ec.1l1f. Pnuylvuu., aatllDCIIIi prioulalty ~is IatIWIatn.r.. III. bel'; ~ ..,.., ..!Mdt ..,.rwll dIIIlltl OIl MIIII' 16, I"'. ~. Qn& .. It......., WIll.... 1'IaIImt.. .. ~ dated J..., ~ 1893, c1.lr .."'''4 aDd realltff" Irl IH 0f1iaII of \H Rqlattr qt _ ., l)allplllG COlliI)' ClJI Au,a" 2.\ 'IIU i. Will Boot Nil, 1IIS,1993, wbu.la... ._11)'. ater .U.,lIIo ordc...d lid dlr.wd III.. lb. ... ci.1I raI ....ID b1 ~ br ~... ..c.lIl..ll'I ot'Nllclluld WiD .. IpSIOI.awt u. .-vll'll 1)1 uId. A~I L Sk..lllbr SlDd_to wtlCICQ ....'~!S TeaIlalIDIII" .... "'11 _Id lIJ aid RI,.IOr ., ww. - A....d U. 1!19!. .. III aDd ~..'" WlU IIld the rIIlGllII f1l aaJcI Jl,cpw .. 01 WIll.. r-.u- m_alel 1!IiiI, bad,Ill,.JI: "-' -It:;.. '. ., ~ ., ,..- ... ) 4_____ ..,....._.,---,.. .........'-N...... ......:....'... '..j......" oil-..'....... ~"'!1of...........~....... ""'if ~ '... P.1"-6 ,~ ~ '1''1 .~ \ ,~ ~.i I 4i; ~. ..;: t1 '! i J 1 , I I i i i ..1 ("'l AUG-31-200S 0S:1e From:BRCWN ~PPR~rSERS 717+845+5840 To: 717 737 3906 ..,"'tJ1>"'l'1o>~'" .~..~ ,.. . r....Gt. ~~ oS1 \ NOW TIlISlltOENTUU wmtD*tIf. tbI& lk laid QlIDlOl', lar aDd" ccaldlraU. of 1M ..Ill or ON! II4S ..DO ($1.00) ~lIr lawtai ..., III thI Ualted 8... bl uad paIdII)' tit. .... ora..... .t aad boera.. .............. .1Mr lfulGl. dlI1'llllllp'''1I1IOI .. ..", actaowle4tecl .,....... batpl.." lOW, allal.d, III1eued ... _fitIKl" lad IIr ..... =11, ~ plat; -ralll, ... ._ ........d oaIIna ... II- ..I' 1111 .In ... ... - ALL TIUT Cr.aTAIN lot 0' '*' or IMId tl~tI .. 1b.1~hlp rrf 'airv!~CaI.ty at YGI'k.nd CoIlm.CIIIWOIldl eI !ena.,sVaiii; ..on pi'iiliilat, bOll" .ad .-",.0 .. folklM, to ."st TRAC:I' IdjolDlna Iaad. DIIW or Ionnor\r 01 Dt. o.or._ HlrtmaA, DOW or rom.,., at Elmer BaIJon. tOW at ...-11 01 BU Mk:II lad otllt,. eo.....II..l&b' .... 1II01't or 1- UlNa tha ... pNllliIIl wlllell Jllba t. Sblad.t pd Sail' R. &blndll. Jalt wlf.. It) Doeed dated M.y 21. 11'" Ill. ftfOI'lIld JlIllC tl, '0'" II tlae om.. eC die Recorder at DnIl,I"lnd lor York CQl.lnt)' II Rc;ar. book 4IoC, '.' S05, .,aD". 'Dd cDfMYCli 11110 RUlh A. ShClllllllur, widow. n. ..lei Rulli A. Sllt.m.ur died OIl M&u.t 115. 199) llorobJ 'WI,tln, thle 10 her dlll&lll&r Averil t. SlIocntlkerSamt... eil bet _. John Y. SlIacm.hr, m, ,enooced 1111 "aM ta Idmlalihr tilt ellate Ind mpcctI'lIUY fill...... 111., ua. at Tttlamelllll')' be ItllI" 10 A"rill. SbOClllllbr $alldA... Ldcn TOIIUnCD&ll)' were ,.I.led to A".rll J. SMemlur SanclllU by ,II. Re....... of Willa Oil A",ulI 24. 10D!. Se, dlllplllll COllllly StUll filii No. 185-1993. AWlnl L SIuxrnaur SlIdlCSlllld John V. lIlhoelftlrc.r, 1Ut ,Ita jojD tD 11I1. tolM)'lnee I,.dMdllllly to utlDluisb lUIJ III' an ..hi, ml, ult .......i....' .., haft la "'Ill "eperty. 11118 IS A TltAJ'l/5I'1Ell mOM me esrATB Of M011lBR. OAUOllTBR. INDIVIDUALi. Y"''''IO SON,INDIV10UMJ. Y 10 SON. I~DIVIJ)IUALL Y AND IS nlBUFOR EXEMPT fltOM Au.. fA RSALTYTRAN!FEJl TAX. TOOE'tIIER wll' III ,ad 11_luJa,,,,,.. 'MIlIl'I, WIIA"COIIIII, rip... Ubenlea. prMk:.e.. IItlRdllllllln" MId IppunlUIICIt wballlWtCr iMnlUIW ~atq. or tA ..,.-.".nalalna. and 1he nwnloA ,lid raeflIduI, ..._ ....... pra&'- tlat...af, ...... .U me utIlt.. rfalat, _ ......... ....ft.,...... ~ eIaIIII ad duIud .allOM" ... III. ......"'. II 8)' ... ..,.,..,.... IlIIl d>> NftI1iallI..lII ...... ........ .. praftli ~ ... III 1M ...... dP.. ~ ~ t 1 I 01 ! n "! t t I i j """.~"".I'{__"-A...l-1!'''','..",'' ......" .'1IL"i *t'.' I'....tw.'. '-'H"........'t'ft.. .,-; P.2/5 .. A!J!;-:31-2~05 09: 11 Fr om: 8;(OW'~ HPPRRISERS 717+845+5840 To: 717 7:'\7 3906 P.3'6 . ..'~ti"'1;fl".., . I' '~1'Y"';r:~ ;, .~T~')V~"I7=',~,~'7'::"~-'~- t- , ! 'I:" ..; ... ..' ~''''~'~'''''''''--'''''''~","'o:''''~r--.''1r.:'.,,,,, rfi: ."P: ,I' . . "~I' ~..' , 11........ ~..... -.u *..at.....iIlaadl ',' A. ~...... ........, .... ... dII. C'li" ..... .. .. equllr .lIIlIawfII.......A lot w .. 01 11M INIIt: i . TO ft.t.W AND, 1'0 IIOUJ. IU _Ill loa or pi.. ",...... ... ~4 tna .. IlaU4btp _ _....-..... tMIOlt....... '~tI ... pr__ .. &tatdId aa4 ..It...... or ._domed ,ad IDlllUhid 10 10 1MI. Mill dI. apputMIlCeIo 11&10 Ib, ..... 0,.,11I" lJ. IItbll!lCl -,u, 10 aid for Ill- 0II1y pnpti _ .lI4lMb. of Ill,' .Id Gtu.. ,. _pi, formr. Aad &bc IIkI Oral1Gr. fotlbeINihU ..ctlb.11 ~ lit.... a:._~ Il1d lilmfllllllTltan. doca.....o, Illd JOI joiDlJy DClr.' 0111 for lit. odlor 1Cll' for till IGt or died of UIa CI1bIll' IN I 1Mb for $lit CIWIl ..cu 0111. lIGIIIa.al. prlllllllund ....... .utlt 'Mllll_ld OIlIU" ad ....'" ~,tIt_ ,...1&, Ibt. !.beJ lIMllIJd GtI..- !leva aIR ~ ....Jaed. Of kDclwfI,lJ ar wlIllaJlt..rt.,.s to H WI 01 -=llt&d, u~ IC\, DlWlf or IhIq_ll&tIOeQI wJlalUy dt. prtm.t \,rcby ....,,11. ar '"" flIIt tJaaraot, k ... ahall or IIIJ bo fmpeacbtd, Wr&e4 or IIlIINIIINricL III W.,llhll"" CIt&Ic, lIJ' oUKl""" ~, . WlTNIIlI ......._ -.of .... dIJ, 1IICla~ aad ~ fine abM ...... AVERn. I. IHOIMAUR 14N0llm4 Elclcutlfa ., IM~" of RUTH It. ..,OBMAKBR . j, I &.wu' o. ,fJJ.id:JJ #.I "" j~. . iZ441!~J.J,..; AVfl11L J, SHOSMAKlI S4NJ)N1!S 0.; 4. I ""~Y~~ ,..-- . I ~: .\ . _:;; r. I I I I I I , . '.r:"....r .. ",''J! ~ ~ '. ;r ~..t;., .;. __.......~'-:-'f'.--Iio...................~" ~ .......'-.. ....~_.... ....}." .~'. ~....... lI,U \ I', ,~ I 'j f') J ".. ~ ~ .~ f ~i '~ ~ ~~ 1,' ;..' }. (1 ..{: . ., 0 ~~ ~ to ... 0 j c;. , .... ;lII .t .4 " I 4:1 . ,~- CD ;e ~ N " ''1 ", ~ 'I , I ........ ~)~ .~ ( 'i ;) , ',:; t , \ ) " :j I) .\ ,I I _....._.J AUG-31-2006 09:11 FrDm:BROwt~ APPRAISERS 717+845+584121 To: 717 737 3906 P.4"6 ~'-~-'- ~..' uU:I~ PAGE 0911 0823 , 0, COMMOH'WIALftl or PENNTIA ')'" COUJon'Y O,e...........J.a.d&- · } O. 11I11I... tAI8 day or~ 1994, ...,. .... Uti ....aae4 af.fIMr,lIII'IOCIdY 'fIIM~ A_ i. ......,....... who lICUaWIedpd .....1. 110 III -... tilIC1IuU fl dul &taM 01 .. A. Roella", lid dIa.1III .. ..811 ..ttII. belllllll"..... 10. lOt ...tIII ~ fan'" laabull" f<< tM purpcllCl de_ caatIaIaM '" ...... 1M ..... of ".. e.... ., a.tl It. SboamiUr br ..... · ",-bi1.' .Io__t-~-:"~ NatIIJ Pub.. ' r 1'tJ~ .. ..'. ~ ,.~;'", f(: \.'11I IW ... ~"~.I:~ f ,,~ ~:.: J'r' I .. ~ 1-., ..~"'lf'., ~ . ~ .. ... <III' J"i\'" .' ',~ i ~ '\... . ,.~ . .I,. "'''"fI,t.f ., ,. ,< '. . I, ,.. o' J.'. - . " ...l " I i I ! I I 1 0\ I i I I I ~~'il CDMMONWIM4'H~PlNN :VAJillA) , ,... mUNTYO" ) OJ Oil, lbu2t ~ day O~~ 1M, befurl lie. tII. udml&lIld otrJalr, PCJlDUUJ IppGU'lid A'IIrilI. SI!oelftltu SalltlAtI ..d Jolaa V. SbCI8IMur. ilL UIIWII to 11III (or ~ pl'CMe) to bI tII. pI_ wboM Ulla Ire IIIb1l:rlbcd . th wltbla loanllllDl 1114 """"JId tW tIIq GllQICClf tile ..... for lla,.rpclIII ............... .. wI.........-.or. I .....IIID IlPIlIf' ~ u~.-;J" _ ,Y.:., e ' 0 1- ",fiYrI, LlJ ~. U .,'~' ','. , bf t,~ ",~ f~;';"~ "_ou .....__ .~ ~"I ..,~~." 1.\.~,. a-.--.- ~ ~ ... .,~\! . I,,. .. /: .it .... . .,.. ",},.,~ ~~ 'trll;'.. '......' ,. I~" '. ...\.I/~. ~.~, '" ; ~,~,. ,',~~r' " . ~~";l ':~., J -f,ff..: } It '." ,.' "/ j. l' f\ . I " ~"~-;J ., ,-..... .l:~"~"", '';l ..' ".,.,'1 f:lU.~.-31-2~6 0'3: 12 Ft'om: BROl>-N APPRAISERS "l.~";~' ;. GCl ~. It.. Ii Q \ I i I .., i .... ;:';I-'.;~,":i' ~ 'i lot) ~ 717+845+5840 To: 717 737 3906 P.S"'6 ("J\1i~1/llI.. I "".,,.1 '. >~:>'f'. . ~ 'i:~r 60;11{ PAGE 0911,' 082.. ',',. .- , .' " canJIClAftO, _tD~ ..... . ~'. ".. . ~~ 7 . .,: ......, IP'Ill1daa"""" Rttid_at6aOralln,.. ....DNd,1I · . J': 'u V.~;ar.. (/ ~ ;M..,.,L.j6"oJ ~ ~~'I.c:PAI. COMIIOJIIWML'DI or JII,IOOMNANIA ) ) III A&taftIrban.tU COUJI'TY till YOU: ) UCOIDID. la lIuI QIftaI for eM tt.cMdlIlt ot~ Mattp..,..... fa ...d for 11- eau'1 alY"'Ia~DocIk ' Vd.. .' ~ ,... --' . Wl'I'ttIU Nt HAND, AMD SIAL Of OJrlCI. .... 4., " ~ Moo QoIaIIIltN. ' ~~ 1c.ti11ft1a~1b" ....4Ja,.,.,~'. ,- =- ., E " ." - j-t ~;. r: ~ r :: I; ...., . N ~~ I. ..... ~ .~ II ,.." ~. ~ u ~, ~. .. " ,..ti...., I~""''',,J''';' ............. .' I I' '""-",,,,--"'-"" ... ..........r..f ...... "... ~ .......".... ...........,.. '''',. ..,:...~.. - ".~. ,~. ..J\ '.-; 't, .. .~, . ''I'''~ :lI, ~ 1: .i " 0' , .t.} 1 .~ ~' ~ .'\ f' 1 .~ ,. , , , :i ". . , j 1 'J ~ t t, '! f 'I ~ . > : ~ .J ~ '1 , .4 " I " ." .. , .:~~ ') I ... _......._....-_...l AuG-31-2006 09:12 Fram:8ROWN APPRAISERS ,..., ,......, . i lr I I I ! 717+845+5840 To: 717 737 3906 .1 p~;...I't.,t""'''''' .r' i q11. ~ w...n1~~2,("1. 9"" 5 Sf.Ii.DIY O. YAWl fIIClC*If" IU DM" --- *' .. ~......................cw.d liY-.............. A. ..L. n J!.rr;;1//Jf1 ~ ' U,t;.!,.'" ., o T............... ~ ,....,. c ,........ _. ...... ....... ." III - ....... ..................... C r........................ ~ -...... ........-,...,.........., o ,..........."- ..~... ~ _ ..........,........,.,...... It' "if.. ..... -<lJ-. , .-.-... ....... ~ _:bon Itld,... _ '" .....-.1 C ~... -... It ..... .. · ............. ............. ........ . .. ..... - . o ~....-,...... """ ............. ...... ..-.... .... lit .......... o .....,...... . ,. '..., ..... ......1MIIIIo ... ........ o .... .-...... ....... ...... ...... ....... --.J ~....,....,.~-..-_. ~ ,~_...........~ r- .~_ ....; ;: = - L~. -I ....-------...<,-...-........- . .... ' . ",~_'''''''1- "'..tt,."r .t.. ~-.... - f ... I.... I.. a.1I 'Ii"',.." "...., r_ . Jl" "--.. P.6t'6 ~ ( Zoning Map) .ownship . --' 0_" 'I I I I I I I I I I I I I I , PART 4 RESIDENTIAL RURAL DISTRICT (RR) ~400. Pumose. The purpose of this district is to promote residential development which blends with rural activities, protects existing natural land features and is compatible with the general character of the area. ~401. Permitted Uses. 1. Single family detached dwellings. 2. Crop and tree farming, pasturing, truck gardening, horticulture, greenhouses, nurseries, aviaries, hatcheries, apiaries, raising of fruits and vegetables and similar enterprises. 3. Storage, packing and marketing of fruits and vegetables produced on the premises. 4. Raising and keeping of poultry, rabbits, goats, horses, cattle, hogs and similar animals. 5. Dairy farming. 6. Churches and schools. 7. Non-intensive home occupations. 8. Non-profit parks and playgrounds. 9. Corporate campus and retreat facility owned by and operated by an entity organized for religious, educational, and/or social purposes. 10. 'Customary accessory uses and buildi~gs incidental to any of the permitted uses. ~402. SDecial ExceDtions. 1 . Cemeteries. 2. Municipal or private water supply facilities, electric and gas supply facilities, including transmission lines. 3. Country club and golf courses. 4. Home occupations (intensive). 5. Retirement community. 6. Day care centers. 7. Social clubs, fraternal, social service, union and civic organizations. 4-1 8. Kennels. 9. Telecommunication signal facilities. 10. Group day care home. 11 . Bed and breakfast home. ~403. Conditional Uses. 1 . Cluster development. 2. Surface mining. ~404. Area Reaulations. 1. Lot size. A. No public sewer or public water. A minimum of forty three thousand five hundred sixty (43,560) square feet. 8. Public sewer and public water. A minimum of twenty thousand (20,000) square feet. C. Public water but no public sewer. A minimum of thirty thousand (30,000) square feet. If site investigation for on-lot disposal of sewage results in the requirement of a pressure dosed absorption area; or physical characteristics limit absorption to the minimum area required by DEP regulations, then a minimum lot size of forty three thousand five hundred sixty (43,560) square feet is required. ~ D. Public sewer but no public water. A minimum of thirty thousand (30,000) square feet. 2. Lot Width. A minimum of one hundred (100) feet except the lot width on the vehicular turnaround portion of cul-de-sacs shall be a minimum of fifty (50) feet. 3. Lot Coverage. A maximum of thirty (30%) percent. 4. Front Yard. A minimum of forty (40') feet. 5. Side Yards. A minimum of twenty (20') feet. 6. Rear Yards. A minimum of thirty-five (35') feet. 7. Building Height. A maximum of thirty-five (35') feet except that said maximum may be increased by one (1') foot for each one (1') foot increase in all minimum yard requirements. 4-2 '11 I I I I I I ,I I I I I I I I I I I I I I I ~405. Aaricultural Restrictions. I I I I I I. I, I I I I I I I I 1 . Keeping or raising of livestock, poultry and fowl on less than ten (10) acres shall be limited to the keeping and raising of two (2) head of livestock or one hundred (100) poultry or fowl per eighty thousand (80,000) square feet. No poultry, fowl or livestock may be kept on parcels of land having less than eighty thousand (80,DOD).square feet in area. 2. Farm buildings, other than dwellings, shall not be constructed closer than eighty-five (85) feet to a front property line or closer than fifty (50) feet to a side or rear property line, and no barn or manure storage shall be established closer than one hundred (100) feet to any property line. 3. All new construction, including structures for temporary storage of seeds, shall conform to yard requirements. 4. A livestock slaughterhouse or animal by-products business shall not be conducted in this district as a principal business. 5. The display and sale of farm products shall be permitted, provided that: A. At least fifty percent (50%) of such products shall have been produced on the property on which they are offered for sale. . B. A minimum of three (3) parking spaces shall be provided behind street right-of- way lines. C. Sale of farm products shall be conducted from a portable stand, dismounted at the end of the growing season, or from a permanent building located according to the existing subdivision regulations. 6. When raising or keeping hogs, there shall be no feeding of any market or house refuse other than that produced on the premises. 7. All livestock shall be restricted from grazing or intruding on an adjoining property and any fences erected for the same shall be at least five (5) feet from the property line or public/private road. !i406. Requlations for Comorate CamDus and Retreat Facilitv. 1 . The use may include administrative offices, training and educational facilities, meeting facilities, food preparation facilities, day care facilities, recreational facilities, and housing. All of the above uses shall be limited to use by personnel on the premises or participants taking part in activities on the premises. The facilities may not be used independent of the overall use of the premises, for example, the housing may not be commercially rented, nor is a restaurant serving the general public permitted as a part of this use. I 4-3 ~ ~ 2. The primary access to the property shall be located on a collector or arterial street and be within eight thousand (8,000') feet of the center of an interchange of Interstate 83. -- 3. The minimum lot size shall be fifty (50) contiguous acres. .. 4. The minimum lot width shall be one hundred (100') feet. -- 5. The maximum lot coverage shall be forty (40) percent. 6. All buildings or structures, off-street parking lots and loading acres shall be set back at least fifty (50') feet from all lot line of the property. !!: - 7. The maximum permitted overall density is one dwelling unit per acre. Any bedrooms as a part of common living areas, which are not a separate dwelling unit, shall be considered as .5 dwelling units per bedroom. -~ - - !!!!!!!! 8. The building height shall be a maximum of thirty-five (35') feet, except that said maximum may be increased by one (1') foot for each one (1') foot increase in all minimum yard requirements. I II I II I I I I I ,I .. I!!!! I 4-4 I DISTRICT Permitted Uses Special Exception Uses Conditional Uses TABLE 300 PERMITIED. SPECIAL EXCEPTION AND CONDmONAL USES . .::...RR,(> RESIDENTIAL RURAL Single family detached Crop and tree farming Storage and packing Raising of livestock Dairy farming - Churches and schools Parks and playgrounds Non-intensive home occupations Corporate campus Accessory uses Cemeteries Utilities Golf course Intensive home occupations Day care centers Social clubs Kennels Telecommunication signal facilities Retirement community Group day care home Bed and breakfast home Cluster development Surface mining : .' ..;....;..-:..;-:.:....'... ,-. .. . ..;RS::)(,y;/.. . . .. . .. . . . . .. RESIOENTI~.t........ ,: . . SINGLE::>:: : Single family detached Churches and schools Parks and playgrounds Non-intensive home occupations Accessory uses Utilities Intensive home occupations Cluster development 3-2 ....... .... ....::.;:(i/: :.. ::;:;:?i(::',:.)t:iM: :..:. . , ,. . .. - . .R~~IOE~TI~L. .... .. .:MUL n~FAMILY Single family detached Single family semi- detached Two family duplex Single family attached Zero lot line Multi-family Churches Public schools Non-intensive home occupations Parks and playgrounds Accessory uses Utilities Social clubs Day care centers Telecommunication signal facilities Retirement community Group care facility Mobile home parks I .:... :: W;::>:::::':.:'>..:'::<:'.:\ ..RESIDEN:n,AL. .:' .' :A=:'VU.LAGE;:(:: Single family detached Single family semi- detached Two family duplex Single family attached Multi-family Churches Public schools Municipal recreation Non-intensive home occupations Accessory uses J J ] :J Utilities Social clubs Day care centers Telecommunication signal facilities J N/A -- - - .- - - DISTRICT . ... RR Single family detached No PS/W PS&PW Either/or RS Single family detached NoPS/w PS&PW Water only Sewer only RM Single family detached No PS/W PS & PW Water only Sewer only Single family semi-detached Two family duplex Zero lot line Single family attached Multi-family RV Single family detached Single family semi Single family duplex Single family attached Multi-family CN CH u T ABLE 302 AREA, LOT, BULK AND YARD REQUIREMENTS MIN.-LOT . AREA' . :,:;:::0.. .".. 43,S60 sf 20,000 sf 30,000 sf 20,000 sf 12,000 sf 16,000 sf 13,000 sf 20,000 sf 9,000 sf 16,000 sf 13,000 sf 4,SOO sf 4,500 sf 4,500 sf S du/ac 1 2 du/ac 7,SOO sf 2,000 sf 2,000 sf 2,000 sf 2,000 sf 20,000 sf 20,000 sf 20,000 sf' '~ 3S' 3S' 3S' . . ....,.,.,..,..' .-,. . .. M..I.N.:'.LO....T........:.... .:.':'.M.'...'....A.:......X... ~'.:'.L....OT.. .:FRONT .:. .:;:.:.::.:....'.8......IOE.:.,;..:.. :WIDTH:::'. ;'AVERAGE . '::VARD ....'\YARn :::: . .' :t~..~!.:i:.:!I.:.:::,.;r~~~~':::; 100' 100' 100' 100' 60' 70' 60' 100' 60' 70' 60' 40' 40' 40' 22' SO' 49.S' 24.7S' 24.7S' 1S' 49.S' 7S' 100' lS0' 30% 30% 30% 40% 40% 40% 40% 50% SO% SO% SO% 6S% 6S% 6S% 6S% 6S% 7S% 75% 7S% 7S% 75% 75% 75% 60% 3-4 40' 40' 40' 40' 40' 40' _ 40' 40' 40' 40' 40' 20' 20' 20' 20' 20' lS' lS' 15' lS' lS' 30' 30' 50' 20' 20' 20' 10' 10' 1 C)" 10' 10' 10' 10' 10' S' S' S' S' S' 6' 6' 6' 6' 6' 10' 10' 2S' 35' 3S' 35' 35' 35' 35' 35' 35' 3S' 35' 35' 30' 30' 30' 30' 30' 15' 15' 15' 15' 15' 20' 20' 30' 35' 3S' 35' 35' ] ] J J ] ] I J 'J J J 3S' 3S' 3S' 3S' 40' 40' 40' 40' 40' 4S' 4S' 4S' 45' 45' 35' 35' 35' I J J -~I 171 - .. \,\ \\ \'" '...... " .."'.... " ""\ ... - "" .. ///'" ,///,' 22 ... " .. ...., ) . [F~06-132l L.G. Connor Real Estate Appraisers Form GA2 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE IRi6No:oo:T321 File No. 06-132 June 29, 2006 Snelbaker & Brenneman, P.C. Attn: Richard C. Snelbaker, Esquire 44 West Main Street Mechanicsburg, PA 17055 RE: 170 E. Penn Street, Carlisle, PA 17013 Dear Dick: 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, --dft) VdhJo/- Karen Darney Pennsylvania State Certified General Real Estate Appraiser Form DeVR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE IFile No. 06-1321 SUMMARY OF SALIENT EEATURES ~. Subject Address 170 E. Penn Street Legal Description Deed Book 00253, Page 02048 City Carlisle County Cumberland State PA Zip Code 17013 Census Tract 25420-0121.00 Map Reference ADC 3114 . A8 Sale Price $ NA Date of Sale NA Borrower / Client NA Lender Richard C. Snelbaker, Esquire Size (Square Feet) 876 Price per Square Foot $ Location Average Age 136 years Condition Fair to Avg. Total Rooms 5 Bedrooms 2 Baths Appraiser Karen Damey, Certified General Real Estate Appraiser Date of Appraised Value June 1, 2006 ***Retrospective as of the date of death Final Estimate of Value $ 49,500 Form SSD - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE L. G. Connor Real Estate Appraisers IFile No. 06-1321 Shoemaker Estate p rlu na...rinlion UNIFORa-.- RESIDENTIAL APPRAISAL REPO...-i FileNo. 06-132 Pronertv Address 170 E. Penn Street Citv Carlisle StatePA Zin Code 17013 Leoal Descriotion Deed Book 00253 Pace 02048 County Cumberland Assessor's Parcel No. 02-21-03818-038 , Tax Year 05-06 R.E. Taxes 9; 812.09 SDecial Assessments! None Borrower NA Current Owner Shoemaker John V. Estate Occunant r l Owner I'XI Tenant r l Vacant pronertV riohts anoraised IXI Fee Simole I I Leasehold ProiectTyoe r l PUD r l Condominium IHUDNA onlYl HOA'f IMo. Neiohborhood or Proiect Name Borouah of Carlisle Man Reference ADC 3114 - A8 Census Tract 25420-0121.00 Sale Price 9; NA Date of Sale NA nescrintlon ann !t amount of loan chilrnl~/concesslons to be Dald bv seller NA Lender/Client Richard C. Snelbaker ESQuire Address 44 W. Main Street, P.O. Box 318. Mechanicsbura. PA 17055 Annraiser Karen Damev. Cert Gen'l REAppraiser Address 3 Lemovne Drive Suite 100 Lemovne PA 17043 Location DUrban L8J Suburban o Rural Predominant Slme family hOUSi~ Present land use % Land use change Built up L8J Over 75% o 25-75% o Under 25% occupancy PRI AG One family 80 L8J Not likely o Ukely $(000) (yrs) Growth rate o Rapid L8J Stable o Slow L8J Owner 40 Low 25 2-4 family 7 o In process Property values 0 Increasing L8J Stable o Declining o Tenant 175+ Hioh 136+ Multi-family 3 To: Demand/supply 0 Shortage L8J In balance 0 Over supply L8J Vacant (0-5%) /1 Predominant f2;Wic~c;; Commercial 10 Marketino time Fi Under 3 mos. [Xi 3-6 mos. Fi Over 6 mos. Fi Vac/over 5%\ 65-75 75-85 lIote: Race and the racial composition ot the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: Subiect is located in the the east auadrant of the Borouah of Carlisle. the countv seat. The immediate neiahborhOOd is Drimarilv residential in nature with a mix of sinale familv and multi-familv homes. Just west are Rts. 11/34 (See Addendum) Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): Schools shoDDina, emolovment recreation and houses ofworshio are all within walkinQ to a 15-30 minute drivinQ time of the subiect orooertv. Averaae orooertv maintenance oroarams were observed. Emplovment stability is aood due to the State Capital in Harrisbura, the Naval Suoolv Deoot in Mechanicsbura, county offices Dickinson Colleae, and the Armv War Collece. Steady price increases and MLS statistics show a aood demand for the area. The subiect is located on a one wav street with unmetered on street parkina. Parkina is limited which mav decrease market appeal. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, 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 prices to be stable. The MLS shows that the tvoical marketina time for the area is 3-6 months. Mortaaae funds are readilv available with conventional loans beina 6.5% to 7.5% interest, fixed 30 vear 95% mortaaae with UD to three ooints. Sellers are not reauired to offer sales or financina concessions. but seller assistance is occurrina. Project Information lor PUDs (If applicable) - -Is the developerlbuilder in control of the Home Owners' Association (HOA)? DYes ONo Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Describe common elements and recreational facilities: Dimensions 15.5' x 90' , oer enclosed deed . Topography Level at street arade Site area 1,395 sf or 0.03 acre Comer Lot 0 Yes L8J No Size Averaae for area Specific zoning classification and description R-4 Towne Center Residential District Shape Rectanaular Zoning compliance 0 Legal L8J Legalnonconfonning (Grandlathered use) 0 Illegal o No zoning Drainage Appears Adeauate Hinhest & best use as imnroved: rXf Present use n Other use lexnlain\ View Averaae Street Utilities Public Other Off-site Improvements Type Public Private Landscaping Averaae for area Electricity L8J Street Macadam ~ 0 Driveway Surface NA Gas L8J Curb/gutter Concrete L8J 0 Apparent easements Standard utllitv: see comments Water L8J Sidewalk Concrete L2J 0 FEMA Special Rood Hazard Area DYes L8J No Sanitary sewer ~ Street lights AdeQuate ~ R FEMA Zone C Map Date 2-3-82 Stonn sewer Alley None FEMA Man No. 425380004B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconfonning zoning use, etc.): Standard easements for electric. teleohone etc. There were no known or aooarent adverse easements, encroachments or conditions that would neaativelv imDact on the value of the subiect propertv. Per deed there is a 2'8" x28'3" walkwav easement runnina adiacent (See Addendum) GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No. of Units 1 Foundation Stone/Block Slab NA Area Sq. Ft. 336 Roof 0 No. of Stories 2 Exterior Walls Asb.Shinale/Alu Crawl Space Rear % Finished 0 Ceiling 0 Type (Det./Att) Attached Roof Surface Metal/Rolled? Basement 2 stv section Ceiling Unfinished Walls 0 Design (Style) 2 Storv Gutters & Dwnspts. Gal.Steel/Alum Sump Pump No Walls Unfinished Roor 0 Existing/Proposed Existina Window Type Wd Dble Huna Dampness None noted Roor Cement None 0 Age (Yrs.) 136 Stonn/Screens Partial SetUement Due To Aae Outside Entry None Unknown L8J Effective Ane Nrs.\ 65 - 70 Manufactured House No Infestation None noted ROOMS Fover Uvinn Dinino Kitchen Den Familv Rm. Rec. Rm. Bedrooms # Baths Laundrv Other Area So. Ft. Basement 336 Level 1 1 1 1 456 Level 2 2 1 420 Rnished area above nrade contains: 5 Rooms' 2 Bedroomlsl' 1 Bath sl: 876 SlIuare Feet of Gross Uvino Area INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors Wd,Vinvl/Ava Type FWA Refrigerator 0 None 0 Rreplace(s} # 0 None L8J Walls Panel/Plaster/Ava Fuel Gas Range/Oven L8J Stairs L8J Patio 0 Garage # of cars TrimJRnish Wood/Painted/Ava Condition Average Disposal 0 Drop Stair 0 Deck 0 Attached Bath Floor Vinvl/Fair COOUNG None Dishwasher 0 Scuttle 0 Porch Rear L8J Detached Bath Wainscot Fiberalass/Ava Central None Fan/Hood L8J Floor L8J Fence Rear L8J Built-In Doors Wood/Ava Other None Microwave 0 Heated R Pool R Carport Condition NA Washer/DrYer n Rnished Drivew;w Additional features (special energy efficient items, etc.): Closet added to front bedroom' rear wrao Dorch. Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: The home is in averaae condition. The construction Qualitv is tvoical for homes of this aae. The estimated effective aae is below the actual aae due to maintenance. condition and comparison to competina neiahborhoods. Phvsical depreCiation is attribut$d to aae and deferred maintenance. Unless otherwise stated, no items were observed that would reauire immediate repair. The followinQ needs repaired: (See Addendum) Adverse environmental conditions (such as, but not limited 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 aae where lead based oaint mav be oresent. The market does not oenalize the orooertv. but the client should be advised of its possible existence. It is assumed that it is not oresent. If the client has a (see Addendum) Freddie Mac Fonn 70 6193 PAGE 1 OF 2 Fonn UA2 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Fannie Mae Fonn 1004 6193 iflit: i~U. vu- I J"- I .........--.--- ---...--..= $ Functional Extemal . Shoemaker Estate UNIFORM RESIDENTIAL APPRAISAL 'R~ORT FileNo. 06-132 Comments on Cost Approach (such as, source of cost estimate, site value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic lite of the property): The Cost A roach will enerall result in an excellent estimate of value if the buildin is new or reasonabl new and the im rovements reflect the hi hest and best use of the land. However when items of h sical de reciation must be estimated, an area of 'ud ement is involved which is sub'ect to error. The Cost A roach was not utilized due to the sub'ect's a e. ...--= $ Valuation Section ESTIMATEDSITEVALUE __ ..----....--- -----...,..--...----.. ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: Dwelling 876 Sq. Ft @$ = $ 336 Sq. Ft @$ = = =$ --..- =$ See enclosed buildin COMPARABLE NO.2 453 N Pitt Street Carlisle PA 4-5 blocks , , -3,000 Baths : o 49 500 D Did D Did Not Inspect Property state State Fannie Mae Form 1004 6-93 Borrower/Client NA Prooertv Address 170 E. Penn Street I Gitv Carlisle Gountv Cumberland State P A : ZiD Code 17013 I Lender Richard C. Snelbaker, ESQuire Supplemental Addendum IFile No. 06-1321 File No 06-132 · URAR: Neiahborhood Comments Cont'd: aka Hanover Street, which is a major north-south roadway lined with commercial/residential uses. Immediate neighborhood is typical of older established neighborhoods. · URAR: Site Comments Cont'd: l . to the eastern property line. There is also an easement of the existing sewer line from the subject through the adjoining premises at 168 E. Penn Street to the public sewer line located in East Penn St. These easements should not affect marketability. Limited on street parking and one way street will decrease market appeal. · URAR: Condition of the Improvements Cont'd: Front storm door needs replaced. Pet odor evident. Wood floors need c1eanedlrefinished. Rooms have panel walls and older style tile ceilings. Older kitchen cabinets in need of paint. Kitchen ceiling damaged (see photograph) and hole in vinyl floor. Tenant stated second level tub leaked. Bathroom ceiling has evidence of water damage. (See photograph). Tenant stated roof leaked. It is unknown if roof leaking still occurs. NOTE: the rear flat roof could not be seen from the street. Tenant did not know the type of roof cover present. Your appraiser is not an expert in this area. Recommend a roof inspection be done by an appropriate professional. Vinyl floors in kitchen and bathrooms need replaced. Central room utilized as a bedroom but there is no closet. Must walk through the center room to access the bathroom. Door to walk-up attic is off hinges and needs replaced/repaired. Dining room ceiling light fixture needs installed; or, hanging electrical wires need covered. All exterior wood needs scrapped and painted. Recommend hand rail be installed along stairwells for safety purposes. One front window does not have a storm unit. Rotten wood noted in corners of soffits and needs repaired. Galvanized steel gutters/downspouts rusted and need painted and/or replaced as needed. Basement has pet odor evident. Some of the stone in foundation needs repointed. Crawl space with dirt floor (per tenant) could not be inspected due to personal belongings stored in area. Attic observation limited to amount of personal belongings stored. It is assumed for appraisal purposes that the crawl space and attic areas do not contain any adverse conditions. Functional obsolescence due to lack of closet space, floor plan, and pet odor. Rear yard needs debris removed and re-seeded. No 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. · URAR: Sales Comparison Approach Cont'd: level just off the kitchen. Floor plan considered comparable to subject. Home had "lots of new windows" but an inferior 60 amp electrical service. Condition adjustment reflects pet odor and needed repairs. All sales considered equally. Some adjustments exceeded the recommended guidelines but were considered necessary to reflect an accurate value. It is my opinion that the home would sell towards the lower range of value due to amount of deferred maintenance. Most weight placed on Sale #2 which is most similar in floor plan and size. Estimated indicated value can also be determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of relative quality of the compo A lower adjustment indicates a better comp, and vice versa. The ratio of gross dollar adjustment to sale price for each of the comps is used to calculate the weight each comp should have in a weighted calculation. This weighted calculation is used to also indicate the estimated value of the subject. As with any method this technique is not perfect. However it does do a very good job of giving more weight to the most similar comps while at the same time minimizing values near the extremes of the indicated value range. The estimated weighted value is: $49,400; or say, $49,500, which supports the estimated value. 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: Form TADD - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Borrower/Client NA Prooertv Address 170 E. Penn Street Citv Carlisle Countv Cumberland State P A Zin Code 17013 Lender Richard C. Snelbaker, ESQuire Supplemental Addendum IFile No. 06" 1 ~21 File No 06-132 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), septic inspection, radon, building inspections, etc. . URAR: Supplemental Certifications I certify that, This COMPLETE APPRAISAL- SUMMARY APPRAISAL REPORT was prepared at the direction of Richard C. Snelbaker, Esquire, (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 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. - 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 au~~ed representatives. --11;.tl!!;;fJlli1fU/frtified General Real Estate Appraiser I GAOO1260L ~ t. Form TADD - "TOTAL for Windows" appraisal software by a la mbde, inc. -1-800-ALAMODE Wile No. 06-1321 DEFINITION OF MARKET VALUE: The most probable price which a property sholdld bring in a compelmve and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming'- the price 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 title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed 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 terms of cash in U.S. dollars or in terms of financial. arrangements comparable thereto; and (5) the price represents the normal 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 sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons 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 mechanical 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 AND 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 will 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, will 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 determination. 4. The appraiser will 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 land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of 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 of the subject property or that he or she became aware of during the normal research involved in performing 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 environmenlaf assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal 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 fumished 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 appraisal that is SUbject to satiSfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including 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 instrumentality of the United States or any state or the District of Columbia; 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 written 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, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93 L.G. Connor Real Estate Appraisers Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE IFile No. 06-132 I APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjusbnent when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjusbnent to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjusbnent to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct 3. 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 limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial 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. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined 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 specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the SUbject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjusbnents for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specifiC tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. 10. See additional Appraiser Certifications and Limiting Conditions found in the addendum of this report. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 170 E. Penn Street, Carlisle, PA 17013 SUPERVISORY APPRAISER (only if required): raiser Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: Signature: Name: Karen Dame ,PA Certified General Real Est Date Signed: June 30 2006 State Certification #: GAOO 1260L or State License #: State: PA Expiration Date of Certification or License: June 30, 2007 o Dicit o Did Not Inspect Property ~ Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Location Map IFile No. 06-1321 Borrower/Client NA ProDertv Address 170 E, Penn Street City Carlisle County Cumberland State PA liD Code 17013 Lender Richard C. Snelbaker, ESQuire , ',l.;otJ9~ Ga .b 1'Q' ;..~~_~_.""l ....~?;;.. 'if&'C;; Shaff-::r Park i<;; '.c.;"-::~C-'--~- _,.<,.d:5~~~' " /-~~~. ~~~::~~,ii :Y'" (j) if;' .+;:;.~;>"s:~<;.d- ,c.<''!'''' 6c"~"'";''' B ; M:lrlfjl'fe~ ::u ("t. 1l <> <> !>- 'il o Sf 9 $f rlI 1:> t:i. (;} ~ -841 '11. ~ ~ .~ .. ~ & e hI .~ -:. <( n Walnu!St j 2 o ~ o III :1} I "Of ." n;' U1....~ ~ 4?! IC 01 ....r ~ .E: ~.' ~ a ~ ):,0/ '!i~"" S ~ .... .91:.f <y :;u 8" ...... e- . ~. " ;. iF.'.li (150. .y. -t, .~i \>..l>2""'< 1:l"='"U,.",,""'~~~"''''''p., ' ........tff' G'ibIler "%- o~~ .<,.i"% \:'; rC"/" ~,irJ ,:J.4;;t.t;;.~"~..::t~-;;.r9~.::tt"1:'t.':' ~ ..... ,', JA~ .;t~';~.{';C.~. '..""m St.: . . """""'H"''''-'''",,*,*~, ,i>'- . ..""",,.,,,,.. ~ ...." .. .:<:: S ~""'",."..~"",,,,,,,,, 0- .... '''''''''''Nl",..~. =~, __ Golf C<>urse ~ __ }rQ)lJ/f1er '$/,,' ':, . G - " fi: . " - ; .--__ ; MuJbelfy ., ,. . E.lOlJlberSf . -', --.W>;" '__"" .. . '= J - I . . ,Greys(OOQ 0... ,., .. d/;l~ AYe, : =.-- "u I I ,e~9.b$1 . '.{41;. ..~ fi'6mfrel$1 . '! ~Chaper J!.ve' . I ' , I ~"" ~u ... ~~ I1ttrDr ASt $fhAIIQ · C'SI , 4IbA"" ~.sl. . 3rrJ Ave ' qj ~ tI <II u,' , i i i -; !!:74 , <II ~ Ii ~ ..~ ,ii ~ <ll ~ Ii .tI c ~ Comparable trl 45311 Pin Sheet (0.31 miles) ..; 'n .8 ...~ 'C i! l.I. .~ " ~, :.c:, c;;t,;<::;.l ~,j.,;^,L..:,;'" " mmb $/ i! trlOCtls/ A~e . j:: Wl.QIJ/ber SI ~ i {5 1;;;:.,..-.,- Comparable #1 16;1 r . Penn Street (0.01 miles) Dickinson College : WCfn/r-<- . . Oicl<inson. ....''',ve School :w of law.'.. Pornftet St ,WCbQPelAve U 'WSootnSt GtatJam · o . . StChes/l"lIJ/A\ra ,J $) e (3 /:t'" (/) '(1) ~ ~ Soulb Sf -<( f m e <ll <.> qj '0 2i ~ al ~~ ,. -\.~.:} .' ~'d" . r:iJ -<( ~1f~<<owSt g fi) .c ""., 0'" . .(/) ... ..g;. , ,0 . /"'t1b1e'SfvtJ Thortl\'l"itl d Park i$ ~ J.1 D::' ~ ~'Jo\' Dr ... :t" @2006 MiclOsolt Corp @:roOS NAV1l:Q. ahdforGDT .Int: ~_~.~;;;i~;:.=tii;;'~~~~ : __--..;~~~MapPolnt _--;;-;;jf...gg.-?:e3:"/" ..,...---- ~ ~ 1J. .~ '\ ~ \ ~s'\; vP .~. ,..~ '0 .,~ 1. Or G~~ ~~. *a\~~ . " "(#,- . ''i)'\Jo.~US 1'fTn~( W3t CllD-Carlisle O"",,cks #'9 ..~. " . , , . ,,~t~\\~"tJs Pmly War College -~~ . '/>-"B. .~0' ~~: "', ~'\>~ ....~ '<Q: . ~ . t. <:L~' .', w.;" cl~ ",' . ~v , ~ *~ ~Or (;Ii! . S\ ..' .'. ~~ #" <?' &-~. \\.$' .~. t!t- ~"',$-hL". \.0~ . .V....., l'I4o ~, 'r" I <( .'.W h q;.~ .~ .;.~ " . '.74} . Carlisle Plaza Mall TrftJ1311ii RQ - '" '41 Q} sOrcon Ave J;, .-.) ... .J;, ~ (!) <ll ;,.. -<( C Q 'i '.0. Letort P.,rk Sarntlel~br t;; '- J!l 1:; rlI ~ .,:: . .II) ''J! d' t t!f 91 ~ . &c~ 0$" '~f 0.1 02 0.3 Form MAP.LGC - ';TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMGDE fFUeNo.06=132l Flood Map Borrower/Client NA Pronertv Address 170 E. Penn Street Cilv Carlisle Countv Cumberland State PA Zip Code 17013 Lender Richard C. Snelbaker, ESQuire <1;;.'.) Prepared for: dba Lester G. Connor, MAl bya~~ www-interflood.com . 1~800-2S2~6633 170 E. Penn Street Carlisle, PA 17013 /~/ \'1 // I / /" I' 1./ I ONE( ( I AS \~ ' \.~,I.- I T 4: "'!:'f ! SPRING ~. >~ I .....~,..--#lJN ~..<., I M 2 -.'."....... '_.,". .-1 -" '-.-...~ ~. '1 '---~..~ I ZONE C --I /,-~~ "'y/._.~.j V'/ / I V/ / i // I //' I o~?1 I (/:oJ/II 0'// Fi0 ODS CAP E) For more information about flood zones and flood insurance. contact: , Powered by Flood Source 877]7HOOO , Ulww.floodsource.com ...... "0 @ 1999.2006 Source Prcse andlor Flood Source Corporations. .ill! rights reserved. Patents 6.631.326 and 6.678.615. Other patents pending. For Info: info@floodsource.com. Form MAP-FLOOD -"TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE CCQII'YNGHT I'" R..~.... QNpfIIa. ~ ~_...._--=- -....-,~..-.~.._.~- ~--''f 1 ::";n;:,r:,'-r D ZIEGLER ". '-' I,...J 0;.... r. P fEGORDER OF DEEDS HBERlAND COUNTY-f"I\ , 02 SEP 3 Arl 93~ Parcel No. m:bis11Beeb THIS DEED made this 30 day of August, 2002, BETWEEN ELWOOD B. SHUGHART and JOYCE R. SHUGHART, husband and wife, of Cumberland County, Pennsylvania, hereinafter called "GRANTORS", AND JOHN V. SHOEMAKER, III, single man, of Cumberland County, Pennsylvania, hereinafter called "GRANTEE": WITNESSETH: That in consideration of FORTY -FIVE THOUSAND NINE HUNDRED AND 00/100 ($45,900.00) Dollars, in hand paid, the receipt whereof is hereby acknowledged, the Grantors do hereby grant and convey to the said Grantee, his heirs and assigns; ALL that certain tract of land situate in the First Ward of the Borough of Carlisle, Cumberland County, Pennsylvania, bounded and described as follows: BEGINNING at a point on the southern side of East Penn Street, thence in a southerly direction 90 feet, more or less, to a point; thence in a westerly direction 15 1;2 feet, more or less, to the line of property now or formerly of Donald E. and Catherine R. Calaman; thence in a northerly direction and through the wall separating the property herein described and No. 168 East Penn Streetto the West thereof, 90 feet, more or less, to East Penn Street; thence in an easterly direction by East Penn Street, 15 1;2 feet, more or less to the place of BEGINNING. BEING improved with the eastern half of a double frame dwelling house and being known as No. 170 East Penn Street. TOGETHER with all the Grantors right, title and interest in a walkway easement, 2 feet 8 inches wide, more or less, in width and extending 28 feet 3' inches, more or less, in depth and lying immediately adjacent to the eastern line hereof, and TOGETHER with an easement of user of the existing sewer line from said dwelling house through the premises at No. 168 East Penn Street to the public sewer line in East Penn Street. ~~J - ~VB BEING the same premises which Carl t. Erdman and Nancy Lou Er4rnan, husband and wife, by their Deed dated August 7, 1984 and recorded August 7, 1 ~84 in the Office of the Recorder of Deeds of Cumberland County in Deed Book "V", Volume 30, Page 449, granted and conveyed unto Elwood B. Shughart and Joyce R. Shughart, Grantors herein. AND the Grantors hereby covenant and agree that they will warrant specially the property hereby conveyed. IN WITNESS WHEREOF, said Grantors, have hereunto set their hands and seals the day and year first 'above written. ' . Signed, Sealed and Delivered In the Presence of ~h ELWOOD B. SffiJGL~ ~t1ua. ~~~ J I .. C R. SHUGHART ~~~ ~~. COMMONWEALTH OF PENNSYLVANIA ) :ss. COUNTY OF CUMBERLAND ) On this, the 3D 1 aay of August, 2002, before me, the undersigned officer, personally appeared ELWOOD B. SHUGHART and JOYCE R. SHUGHART, known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within instrument, and ackriowledged that they executed same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. _L ~y Notary Public Notarial Seal . Machan~~~ Zy.ch, Notary PUblic MyCom~o~~SUmbertand COUnty ~ P". --...1l'9S Noll. 24, 200'J . ~ A<:socimltm ct NofBr.Jml NotarfaI Sasf Susan L :gch. Notary Pt.ItlIIo ~ 8oro, Cumberlend Courty MfOommlsaion &pires Nov.24. 2003 ~ "--v----; ~ I\baIIlJs i1ding Sketch (Page - 1) [FITeNo~=1321 Borrower/Client NA pronertv Address 170 E. Penn street Cilv Carlisle County Cumberland State PA liD Code 17013 Lender Richard C. Snelbaker, ESQuire NOTE: Interior Sketch Not To Scale. 7.00' o o N -or- 7.00' au +" o o <.0 M BR o o ...q- N BR 14.00' Sketch by Apex IVTII f---P~~~h----f6-.-6cV-----l i ~ ---r- Q) o (tJ 0- (f) :: ~ () I I o o N :-or- , , 4.90' KIT DR o o <.0 M / - c Q) E en (tJ lD o o ...q- N :J LL LR ~ 14.00' Comments: AREA CALCULATIONS SUMMARY Code Description Net Size Net Totals GLAl Fi.rst F100r 456.00 456.00 GLA2 Second F100r 420.00 420.00 pip Porch 90.00 90.00 Net LIVABLE Area ( Rounded) 876 LIVING AREA BREAKDOWN Breakdown Subtotals Fi.rst F100r J.O.OO x 36.00 360.00 4.00 x 24.00 96.00 Second Fl.oor 7.00 x 36.00 252.00 7.00 x 24.00 168.00 4 Items ( Rounded) 876 Form SKT.BldSkl- "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE IFile No. 06-1321 Borrower/Client NA . I Pronertv Address 170 E. Penn Street , Cilv Carlisle Countv Cumberland State PA liD Code 17013 Lender Richard C. Snelbaker, ESQuire Subject Photo Page I . " , Subject Front 170 E. Penn Street Sales Price NA Gross Living Area 876 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Average View Average Street Site 0.03 acre Quality Average Age 136 years Subject Rear Subject Street Form PICPIX.SR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page IFile No. 06-1321 Borrower/Client NA , , Prooertv Address 170 E. Penn Street City Carlisle . Countv Cumberland State P A liD Code 17013 Lender Richard C. Snelbaker ESQuire r . Kitchen (hole in ceiling) 170 E. Penn Street Sales Price NA Gross Living Area 876 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Average View Average Street Site 0.03 acre Quality Average Age 136 years Bathroom ceiling damage View of rear yard Form PIC3x5.SR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Gomparable Photo Page Cumberland State PA U1IeNo.06-132l Zi Code 17013 Comparable 1 162 E. Penn Street Prox. to Subject Same block Sale Price 69,900 Gross Living Area 996 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Average View Avg. Street Site 0.05 acre Quality Average Age 136 years Comparable 2 453 N Pitt Street Prox. to Subject 4-5 blocks Sale Price 59,900 Gross Living Area 828 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Average View Avg. Street Site 0.10 acre Quality Average Age 106 years Comparable 3 123 E. Louther Street Prox. to Subject 3 Blocks Sale Price 47,500 Gross Living Area 788 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Average View Avg. Street Site 0.05 acre Quality Average Age 136 years Form PICPIX.CR - "TOTAL for Windows" appraisal software by a la mode, ~c. -1-800-ALAMODE .. t-'reVtous eoltlons are OOSOlete Torm HUU-l \;j/tSti) reT HanODOok 4;;sUb,:':: A. Settlement Statement B. Type of Loan U.S. Departme,. .f Housing and Urban Development OMB Approval No. 2502-0265 (expires 11/30/2009) 1. OFHA 2. OFmHA 3. OConv. Unins. ..~ 6. File Number I 7. Loan Number 18. Mortgage Insurance Case Number 4. ~VA 5. OConv. Ins. 2007080AB 0005560679 C. Note: Items marked "(p.o.c.)" ;.;:;;; J~id ~utside the closing; they are shown h~r':;~i~f~ation purposes and are not rn~~'d:di;th:;';tals. I TitleExpress Settlement System WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can include a fine and imprisonment. For details see: Title 18 U. S. Code Section 1001 and Section 1010. Printed 0611512007 at 14:40 CTD D. NAME OF BORROWER: Roland D. Stafford and Karen A. stafford ADDRESS: 208 Hillcrest Drive New Cumberland. PA 17070 E. NAME OF SELLER: Robert Fisher, Executor of The Estate of John V. Shoemaker, III ADDRESS: F. NAME OF LENDER: National City Mortgage, a Division of National City Bank of Indiana . ADDRESS: 3232 Newmark Drive. Miamisbura. OH 45342 G. PROPERTY ADDRESS: 1 Shoemaker Lane, Mechanicsburg, PA 17050 Silver SDrina TownshiD H. SETTLEMENT AGENT: Absolute Abstract, LLC, Telephone: 717-432.7102 Fax: 717-432.1535 PLACE OF SETTLEMENT: 125 West Harrisbura street. DiIIsbura. PA 17019 I. SETTLEMENT DATE: 06/15/2007 J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales orice 224.900.00 401. Contract sales price 224.900.00 102. Pe~onalProoertv 402. Personal Pronertv 103. Settlement charaes to borrower (line 1400\ 12.931.10 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. City/town taxes 406. Citvltown taxes 107. County taxes 06115/07 to 12/31/07 340.99 407. County taxes 06/15/07 to 12/31/07 340.99 108. School taxes 06/15/07 to 06/30107 87.22 408. School taxes 06/15/07 to 06/30/CJ7 87.22 109. 409. 110. 410. 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 238.259.31 420. GROSS AMOUNT DUE TO SELLER~ 225.328.21 200. AMOUNTS PAID BY OR ON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TfJ SELLER 201. Deoosit or earnest money 2.000.00 501. Excess Denosit Isee instructions) 202. Princioal amount of new loans 229.735.00 502. Settlement charaes to seller (line 140(0) 14.135.50 203. Existino loanls) taken subiect to 503. Existino loanls) taken subiect to 204. 504. Payoff of First Mortaaae Loan 95 062.90 M&T Bank 205. 505. Payoff of Second Mortoaae Loan 7.585.76 M&T Bank 206. Seller Assistance 5.000.00 506. Seller Assistance " 5.000.00 207. 507. 208. 508. 209. 509. Adiustments for items unDaid bv seller Adiustments 1 ior items unDaid bv seller 210. Citvltown taxes 510. Citvltown taxes 211. County taxes 511. County taxes 212. School taxes 512. School taxes 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BYIFOR BORROWER 236.735.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 121.784.16 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMJ 2NT TO OR FROM SELLER 301. Gross amount due from borrower IIine 120\ 238.259.31 601. Gross amount due to ~ ;eller lline 420\ 225.328.21 302. Less amounts oaid bvlfor borrower IIine 220\ 236.735.00 602. Less reduction amoun t due seller lIine 520\ 121.784.16 303. CASH FROM BORROWER 1.524.31 603. CASH TO SELLER 103.544.05 SUBSTITUTE FORM 1099 SELLER STATEMENT: The information contained herein is important tax information and is being fumished to thE , Intemal Revenue Service. If you are required to file a return, a negligence penalty or other sanction will be imposed on you if this item is required to be reported and the IRS determines that it has not bee. 1 reported. The Contract Sales Price described on line 401 above constitutes the Gross Proceeds of this transaction. You are required by law to provide the settlement agent (Fed. Tax 10 No: 71-0911067) with your correct taxpayer identification number. If .you :Jo not provide your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law. Under penalties of perjury. I certify that the number shown on thiS st atement is my correct taxpayer identification number. T1N:_ _ SELLER(S) NEW MAILING ADDRESS: SELLER(S) PHONE NUMBERS: SELLER(S) SIGNATURE(S): (H) (W) l-'feVlous ealtlons are oosolete Tonn HUU-' (;j/~b) reT HanaOOOk 4;jU:;'.L U.S. DEPARTMENT OF HOUSING AND URBAN r-"f:LOPMENT SETTLEMENT 5T A TEMENT File Number: 20070P - - 13 T'tl E S ttl 't p' d 06/15/200 1440 PAGE 2 I e xoress e emel" ;:iVS em nnte 7 at CTD L. SETTLEMENT CHARGES PAID FROM PAID FROM 700. TOTAL SALESIBROKER'S COMMISSION based on price $224.900.00 @ 5.000 = 11.245.00 BORROWER'S SELLER'S Division of commission (Jine 700\ as follows: FUNDS AT FUNDS AT 701. $ 5.597.50 to RElMAX A-1 RealtY. Inc. e SETTLEMENT SETTLEMENT 702. $ 5647.50 to. Lawvers RealtY. LLC 703. Commission oaid at Settlement 11 245.00 704. Transaction Fee to RElMAXA-1 RealtY. Inc. 195.00 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Oriaination Fee 1.000 % National City Mortaaae LR 2.297.35 802. Loan Discount 1.000 % National City Mortgage LR -2.297.35 803. Aooraisal Fee to Mark Hilbert LR 300.00 804. Credit Reaort to CBC Innovis LR 17.96 805. VA Fundino Fee to National City Mortgage LR 4 835.35 806. Flood Certification Fee to FIS Flood Services LR 5.00 807. Document Review Fee to National CitV-Mortaaae LR 350.00 808. 809. 810. 811. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest From 06/1512007 to 07/01/2007 @$ 40.1200 Idav 16 Davs LR 641.92 902. Mortaaae Insurance Premium for to 903. Hazard Insurance Premium for 1 Year to Advanced Insurance (P.O.C.) 315.00 Buver 904. 905. 1000. RESERVES DEPOSITED WITH LENDER FOR 1001. Hazard Insurance 2 mo. I1il $ 26.25 Imo LR 52.50 1002. Mortaaae Insurance mo.l1il$ Imo 1003. City Pronertv Tax mO.@$ Imo 1004. CountvProoertvTax 4 mo. I1il $ 51.86/mo LR 207.44 1005. School taxes 12 mo.11il $ 165.82 Imo LR 1.989.84 1009. Aaareaate Analvsis Adiustment to National City Mortgaae LR -16.04 0.00 1100. TITLE CHARGES 1101. Settlement or c10sina fee 11 02. Abstract or title search 1103. Title examination 1104. Title insurance binder 1105. Document Preaaration 1106. Notarv Fees to Chris Damron 25.00 1107. Altomev's fees (includes above items No: ) 1108. Title Insurance to Absolute Abstract. LLC 1.654.13 (includes above items No: ) 1109. Lender's Policv 229.735.00 - 1.654.13 1110. Owne~s Policv 224.900.00 - 1111. End 100 End 300 Exoand COY Ro Absolute Abstract. LLC 200.00 1112. Wire Fee to Absolute Abstract. LLC 25.00 1113. ClosinaSvcLlr to Absolute Abstract. LLC 35.00 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordina Fees Deed $ 38.50 . Mortaaae $ 70.50 . Release $ 109.00 1202. Citv/Countv tax/stamos Deed $2.249.00 . Mortaaae $ 2249.00 1203. State Tax/stamas Deed $2 249.00 : Mortoaoe $ 2.249.00 1204. 1205. 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Overniaht Fee to Absolute Abstract. LLC 20.00 20.00 1302. E-Docs Fee to Absolute Abstract. LLC 35.00 1303. Pest Service to Sudden Death Termite & Pest Control 291.50 1304. Seatic Service to Brooke Rhodes 330.00 1400. TOTAL SETTLEMENT CHARGES (enter on lines 103 Section J and 502. Section K) 12.931.10 14.135.50 HUD CERTIFICATION OF BUYER AND SELLER I have carefully revi 1 Selllement Statement and to the best of my knowledge and belief, it is a true and accu . . nsaction. I further tha...t.1 have received a copy of t~Weme.. nt Statement. . . ~"- """" my~=t ~~I'r- WARNING: IT IS A CRIME TO KNOWINGLY MAKE FALSE STATEMENTS TO THE UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON CONVICTION CAN INCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEE TITLE 18: U.S. CODE SECTION 1001 AND SECTION 1010. i true and accurate a=unt of this Isbursed in a=rdance with this sta~e~,~ DATE: ~'~ REV-1503 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE 8 STOCKS & BONDS FILE NUMBER John V. Shoemaker, III 21 06 0474 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 31,913.18 1. A. G. Edwards Investment account #5760-6521. Gross value of $44,107.83 less margin loan of $12,194.65 for a net value of $31,913.18 3W4696 1.000 TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 31,913.18 REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF John V. Shoemaker, III Include the proceeds of litigation and the date the proceeds were recei\led by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. FILE NUMBER 21 06 0474 ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 8,175.00 1999 Dodge Grand Caravan Kelly Blue Book value of van plus an additional $4,000.00 for disability equipment based on equipment life span of 10 years (see attached Kelly Blue Book valuation) 2 Cash found in residence (common coins) 82.89 3 Household items retained by family (see attached appraisal) 2,065.00 4 John V. Shoemaker,V restitution due Decedent from criminal case filed 11/21/2002 750.00 5 M&T Bank credit given for items purchased from a merchant and then returned. 109.89 6 M&T Bank checking account #1903500 5,794.16 7 Mountainview Thoroughbred Racing Association closing balance on race track wager account 85.63 8 Proceeds from sale of card table, wine rack, freezer and floor safe 120.00 9 Proceeds from sale of two silver bars (1 - 1,000 oz and 1- 100 oz) 17,110.52 10 Proceeds from sale of various collector coins 32,814.65 11 SEC Specialist Settlement Fund settlement from litigation lawsuit 168.20 3W46AD 1.000 TOTAL (Also enter on line 5, Recaoitulation) $ (If more space is needed, insert additional sheets of the same size) 67,275.94 Kelley Blue Book - Trade-In Pricing Report - Dodge, Grand Caravan Kelley lue 800k THE TlumD H$OUlCE. -~ HOME NEW ~ARS Page 1 of3 advertisement QuiCk Dealer Price Quote Search Used Car Listings List Your Car for Sale ( USED CARS ') ~ > Used Cars> 19.22 > ~ > Grand Caravan> SE Minivan 4D > Equipment Print This Page COMPARE CARS REVIEWS & RATINGS CLASStFtEDS FI~JANCING & INSURANCE 1999 Dodge Grand Caravan SE Minivan 4D Trade-In Value Private Party Value Suggested Retail Value Photo Gallery Compare Vehicles NEW! Review Specifications ~ Shopping Tools Free CARFAX Record Check Auto Loan from 6.19% APR Compare Insurance Rates Pay~nt Calculator " SElL YOUR USE!) CAR on Blue Book Classifieds'" Reach millions of shoppers on kbb.com, Cars.com, and other popular sites. Find out more, Click Bur A USED CU on Blue Book ClassifiedsYM Dodge Grand Caravan 30 Miles Or less ZIP Code fi7Oms5 To View Ads, Click FINO THE RIGHT CAR Compare Used vs. New Under $5,000 Both New and Used Van/Minivan To View List, Click BLUE 8001<:* TRADE~IN VALUE; Condition" Value Excellent Good Fair $4,575 $4,175 $3,495 More Photos NEXT STEPS: Get Pricing on New Vehicles Sell Your Van/Minivan Average Consumer Rating (4 Reviews) Read Reviews 4.5 out of 5 Review This Vehicle Check Out Our 10 Most Researched Van/Minivans 2007 Honda Odyssey 2008 Chrysler Town & Country 2008 Dodge Caravan Grand 2007 Hyundai Entourage 2007 Chevrolet Uplander 2007 Toyota Sienna 2007 Kia Sedona 2007 Nissan Quest 2007 Mazda MAZDA5 2007 Dodge Caravan Vehicle Highlights Mileage: 63,000 $4 , 175 . 00 $4,000.00 $8,175.00 - Blue Book value of van value of disability equipment - TOTAL VALUE OF VAN http://www.kbb.comIKBB/U sedCarslPricingReport.aspx?ManufacturerId= 13& Yearld= 1999& V ehicleCla... 7/1 0/2007 I SHOE /-1/fJLC-/2 LIJ# l'1~cJ(B!) f.4, Date 1/ - 7 -() (i;; ITEM I-ts - APPRAISAL . . r'ersonal Property of J7J/f j/ S htJc- fflKel<.. Appraised by Chuck E. Bricker AU094-L ITEM C EsOl%- "- -------............----. '~ LE VALUE 2-D tJ 4- o. (j() 2O,w 5;uj) 66 () /0, 60 , .60 10,0 ) 6tJ,o REV-1509 EX + (6-98) COMMOMVEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John V. Shoemaker. III SCHEDULE F JOINTL y-oWNED PROPERTY FILE NUMBER 21060474 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINTTENANT(S) NAME A. Liberator, Dianne ADDRESS RELATIONSHIP TO DECEDENT 170 East Penn Street, Carlisle, PA 17013 Daughter B. c. JOINTLY-OWNED PROPERTY: LEIlER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE W,ME OF FINANCIAL INSTITUTION AND BAN< ACCOUNT DATE OF DEATH DECDS VALUE OF NUMBER OR SIMILAR IDENTIFYING t.UMBER ATTACH DEED FOR NUMBER TEw.NT JOINT JOIt/TLY-I-ELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1. A. 1 A 12/19/2002 Amerchoice Federal Credit Union 453.96 50.0000 226.98 2 A 12/19/2002 Americhoice Federal Credit Union 76.47 50.0100 38.24 TOTAL tAlso enter on line 6, RecaDitulationl $ 265.22 (If more space is needed, insert additional sheets of the same size) 3W46AE 1.000 REV-1510 EX. (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John V. Shoemaker, III SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. FILE NUMBER 21 060474 DESCRIPTION OF PROPERlY ITEM 1t>.CLUETf€J>W.4EOFTf€TRANSFEREE, Tl-EIR RELATlONSHP TO DECEDENT 10KJ DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE NUMBER Tf€DATEOFTRANlFER ATTI'CHAODPY OF TfE DEED FOR REAL ESTATE VALUE OF ASSET INTEREST (IF APPLICABLE' VALUE 1. Pentagon Federal Credit Union 5.15 100.0000 0.00 5.15 savings aooount #2521508-01-6 (payable on death to Dianne K. Liberator) TOTAL (Also enter on line 7, Recapitulation) $ 5.15 3W46AF 1.000 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (12-99) COMMONWEALTH OF PENNSYLVANIA INI-ERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John V. Shoemaker. III SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21 060474 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. 1. FUNERAL EXPENSES: Myers Funeral Home, Inc. funeral services 8,084.00 Total from continuation schedules 1,195.00 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions 17,654.67 Name of Personal Representative(s) Robert Fisher Social Security Number(s) I EIN Number of Personal Representative(s) Street Address 6 Johns Drive City Mechanicsburg State PA Zip 17050 Year(s) Commission Paid: 2. Attorney Fees 16,462.23 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 20.00 5. Accountant's Fees 970.00 6. Tax Return Preparer's Fees 7. 1 Black's Detachable Truck Syst. dumpster delivery and disposal fee 567.42 2 Borough of Carlisle Tax Account real estate taxes on Penn Street 594.41 Total from continuation schedules 26,900.61 3W46AG 1.000 TOTAL (Also enter on line 9, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 72.448.34 Estate of: John V. Shoemaker, III 162-22-2824 Schedule H Part 1 (Page 2) Item No. Description Amount 2 Rolling Green Cemetery grave opening 1,195.00 Total (Carry forward to main schedule) 1,195.00 Estate of: John V. Shoemaker, III 162-22-2824 Schedule H Part 7 (Page 2) 3 Cumberland Law Journal advertising Executor's Notice 75.00 4 Debra Basehore Wiest, Tax Collector real estate taxes Shoemaker Lane 1,989.81 5 Howard Locke lawn mowing services 185.00 6 Jim Lenigs Jewelry & Coins coin appraisal 845.00 7 M&T Bank safe deposit box rent 110.00 8 Patricia A. Gordon, Tax Collector real estate taxes on Fariview Township property 146.55 9 Patriot News advertising Executor's Notice 129.69 10 PP&L electric service 316.87 11 Register ox Wills short certificates 40.00 12 Register of Wills filing fee for Inheritance Tax return 15.00 13 Rick Warner close pool for season 100.00 14 Robert Fisher reimburse for items needed to close pool for season and mowing 130.60 15 RSR Appraisers & Analysts appraial fees (all properties) 1,400.00 16 Settlement charges associated with the sale of 1 Shoemaker Lane a. Lawyers Realty Co., commission $11,245.00 b. Transfer tax $2,249.00 c. Absolute Abstract, overnight fee d. Sudden Death Termite & Pest Control e. Dillsburg Excavating & Septic, septic services $330.00 f. Seller Assistance 19,135.50 $20.00 $291. 50 $5,000.00 Total (Carry forward to main schedule) 24,619.02 Estate of: John V. Shoemaker, III 162-22-2824 Schedule H Part 7 (Page 3) 17 Sheri J. Armold, Tax Collector real estate taxes Upper Frankford Township 781.59 18 Reserve for filing fees, accounting fees and additional costs associated with the administration of the Decedent's estate 1,500.00 Total (Carry forward to main schedule) 2,281.59 REV-1512 EX + (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John V. Shoemaker. III SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER 21 06 0474 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH CitiFinancial Mortgage Company, Inc. mortgage loan #50000524180 on 170 East Penn Street, Carlisle 34,215.26 2 CoVista Inc. phone service 67.91 3 Crystal Pools service call made on May 30, 2006 112.80 4 DirectTV, cable TV service cable TV service 27.78 5 GMAC Installment loan #020-9082-39037 29,875.43 6 M&T Bank Revolving Line of Credit account #1414769, dated March 22, 2004 on 1 Shoemaker Lane 11,890.61 7 M&T Bank Installment loan #10000192917410001 dated 11/14/2002 on 1 Shoemaker Lane 102,391. 28 8 Penn Waste, Inc. curbside trash & recycling services 39.18 9 PP&L electric service 146.38 10 Sheri Wolfe yard maintenace services 232.00 11 Sovereign Bank claim for unpaid Installment loan dated 10/5/2005 12,512.17 3W46AH 2.000 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 191,510.80 REV-1513 EX+ (9-00) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF John V Shoemaker III NUMBER I 1 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] Dianne Liberator 170 East Penn Street Carlisle, PA 17013 All of Residue: 175,625.35 2 Donna Hoffman 138-A Cumberland Street Duncannon, PA 17020 General Bequests: 10,000.00 3 John V. Shoemaker, IV 138-A Cumberland Street Duncannon, PA 17020 General Bequests: 1,000.00 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) FILE NUMBER 21060474 AMOUNT OR SHARE OF ESTATE Daughter None Son 175,625.35 10,000.00 1,000.00 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 3W46AI 1.000 TOTAL OF PART II- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET (If more space IS needed, Insert additional sheets of the same size) $ 0.00 Estate of: John V. Shoemaker, III 162-22-2824 Schedule J Part 1 (Page 2) Item No. Description Relation Amount 4 John V. Shoemaker, V 164 1/2 West High Street Elizabethtown, PA 17022 Bequest as per Item Sixth of Will 10,000.00 1999 Dodge Van as per Item Sixth of Will 8,175.00 Grandson 18,175.00 5 Onetha Owens 1431 Berryhill Street Harrisburg, PA 17104 General Bequests: 20,000.00 None 20,000.00 LAST WILL AND TESTAMENT OF JOHN V. SHOEMAKER. III I, JOHN V. SHOEMAKER, III, of the Township of Silver ~, Spring, 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 and making void any and all wills and codicils ~C~-=\l .'" , ":',- ;. -,,-~:. I LAW OFFICES SNELBAKER. BRENNEMAN Be SPARE by me at any time heretofore made. FIRST. I order and direct that all my just debts and funeral expenses be paid by my Executor or Executrix, as the case may be, hereinafter named, as soon as conveniently may be done after my decease. SECOND. I give and bequeath twenty-five thousand dollars ($25,000.00) to my son, BRYAN SHOEMAKER, absolutely. /THIRD. I give and bequeath one thousand dollars ($1,000.00) to my son, JOHN V. SHOEMAKER, IV, absolutely. 1/ FOURTH. I give and bequeath twenty thousand dollars ($20,000.00) to ONETHA OWENS, also known as "PAT" OWENS, absolutely. FIFTH. I give and bequeath ten thousand dollars ($10,000.00) to DONNA HOFFMAN, the mother of my grandson, JOHN V. SHOEMAKER, V, absolutely. SIXTH. I give and bequeath ten thousand dollars ($10,000.00) and the motor vehicle owned by me at the time of my death to my grandson, JOHN V. SHOEMAKER, V, absolutely. SEVENTH. I give and bequeath twenty thousand dollars ($20,OOO.OO) to my sister AVERIL SANDNES, absolutely. ~\ ~'''. ~' <:'~ , , '\.-~ '\ L-':><l' \ EIGHTH. Should any of the persons named hereinabove as legatees and devisees in paragraphs SECOND through SEVENTH, inclusive, predecease me, I direct that his or her share of my estate be added to and distributed as part of the residue of my estate. -s' ~~ '''-'' -';,. 7 ~and and NINTH. I give, devise and bequeath all the rest, residue remainder of my estate, real, personal and mixed, whatsoever wheresoever situated unto my daughter, DIANNE LIBERATOR. If my daughter, DIANNE LIBERATOR, should predecease me and leave issue to survive me, I order and direct that my \ ''\ " __residuary estate shall be distributed unto her issue per stirpes, but subject to the protective trust provisions in Item TENTH below with respect to any beneficiary who has not attained the age of twenty-three (23) years at the time for distribution of such benefits. TENTH. I order and direct that the distributive share of each beneficiary under the age of twenty-three (23) years at the time of distribution shall be delivered unto ROBERT FISHER as trustee, to be held in trust and distributed only upon the beneficiary's attainment of age twenty-three (23) years, at which latter time the trust shall be terminated and the balance thereof delivered to the beneficiary absolutely. During the existence of said trust, the assets shall be invested in good and secure investments, all income shall be accumulated and reinvested, and the beneficiary shall have no right to anticipate, pledge, assign, receive or otherwise have LAW OFFICES SNELBAKER. BRENNEMAN & SPARE any right to use the assets of the trust prior to final distribution, it being my intention to have said trust be interpreted and administered as a spendthrift trust. If the trustee as aforesaid should fail to qualify or -2- ~ . . cease, so to serve, then and in such event, I order and direct that the surviving parent of each beneficiary shall serve as such trustee. LASTLY. I nominate, constitute and appoint my friend, namely, ROBERT FISHER, to be the Executor of this, my Last Will and Testament, but if for any reason he should fail to qualify as such Executor or cease so to serve, then in that event, I nominate, constitute and appoint my daughter, namely, DIANNE LIBERATOR, to be the Executrix hereof, each and both to serve without bond or other security as a condition of qualification hereunder. I fully intend that my Executor or Executrix be reasonably compensated for his or her efforts. IN WITNESS WHEREOF, I, JOHN V. SHOEMAKER, III, have hereunto set mr hand and seal to this my Last Will and Testament written on Three (3) pages this ~~ The preceding instrument, consisting of Three (3) day of June, 1998. /} 1/ 4EAL) r' -> c typewritten pages, identified by the signature of the Testator, was on the date thereof signed, sealed, published and declared by JOHN V. SHOEMAKER, III, the Testator therein named, as and for his Last Will and Testament, in the presence of us, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. LAW OFFICES SNELBAKER, BRENNEMAN Be SPARE ( SEAL) (SEAL) -3- LAW OFFICES SNELBAKER. BRENNEMAN Be SPARE COMMONWEALTH OF PENNSYLVANIA) SS. COUNTY OF CUMBERLAND) We, JOHN V. SHOEMAKER, III, RICHARD C. SNELBAKER, ESQUIRE and PHILIP H. SPARE, ESQUIRE, the Testator and the witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last will and Testament and that he had signed willingly, and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the will as witness and that to the best of his or her knowledge the Testator was at that time eighteen years of age or older, of sound mind and under no ~. .-'0 Subscribed, sworn to and acknowledged before me by JOHN V. SHOEMAKER, III, Testator, and subscribed and sworn to before me by RICHARD C. SNELBAKER, ESQUIRE and PHILIP H. SPARE, ESQUIRE, ~ witnesses, this day of June, 1998. ~.~ C Nofar~bliC - Notarial Seal Christine M White, Notary Public Mec;hanicsburg Bora. Cumberland COUD~ My Commission Expires Sept. 17 2001 Member. Pennsylvania Association of Notaries