HomeMy WebLinkAbout08-23-07
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15056051058
REV-1500 EX (06-05)
PA Department of Revenue '*
Bureau of Individual Taxes
PO BOX 280601
Harrisburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
County Code Year
File Number
21 07
0196
Date of Birth
164-30-3135
02/19/2007
05/12/1911
Decedent's Last Name
Suffix
Decedent's First Name
MI
KAGARISE
LOIS
M
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
Spouse's First Name
MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WillS
FILL IN APPROPRIATE OVALS BELOW
<:e;) 1. Original Retum
c:::;:)
4. Limited Estate
c:::;:)
3. Remainder Retum (date of death
prior to 12-13-82)
5. Federal Estate Tax Retum Required
c::>
2. Supplemental Retum
c:::;:)
c:::;:)
c:::;:) 4a. Future Interest Compromise (date of
death after 12-12-82)
c:::;:) 7. Decedent Maintained a Living Trust
(Attach Copy of Trust)
C) 10. Spousal Poverty Credit (date of death c) 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. 0)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
6. Decedent Died Testate
(Attach Copy of Will)
9. Litigation Proceeds Received
8. Total Number of Safe Deposit Boxes
c:::;:)
JERRY A. PHILPOTT, ESQ.
(717) 834-3087
Firm Name (If Applicable)
227 N. HIGH STREET
REGISTER OF WILLS USE,.OjlLY
() ,,0'
C;8 ~=
C')
,,)
(,..)
First line of address
City or Post Office
State
ZIP Code
DATE;F,ILED . ..r.)
"---------~~---
):.> ~.-
W
Second line of address
P.O. BOX 116
DUNCAN NON
PA
17020
Correspondent's e-mail address:
Under penalties of perjury, I declare that I have e
n is true, correct and complete. Declaration of p
accompanying schedules and statements, and to the best of my knowledge and belief,
I representative is based on all information of which preparer has any knowledge.
DATE
?-~-
17020
PLEASE USE ORIGINAL FORM ONLY
Side 1
L
15056051058
15056051058
....J
J
-.J
15056052059
REV-1500 EX
Decedent's Name:
LOIS
M KAGARISE
"'~'-'----'--"-'-'~'-'-'--"-""""~._'-'~"-"~-'--,----~~,,"~-,,,-,",,_._~-~,,,,,,,,-_..__.,-,._...,,,,..~,"-,,~-,---~-_""__.__._._'_'____~..,_n.__..__,~.~_._.__....._....
RECAPITULATION
1. Real estate (Schedule A). ............... . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.
2. Stocks and Bonds (Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . . . .. 3.
4. Mortgages & Notes Receivable (Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . . . . . . .. 5.
6. Jointly Owned Property (Schedule F) c::J Separate Billing Requested . . . . . .. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) c::J Separate Billing Requested.. . . . . .. 7.
8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8.
9. Funeral Expenses & Administrative Costs (Schedule H). . . . . . . . . . . . . . . . . . . .. 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). . . . . . . . . . . . . . . . 10.
11. Total Deductions (total Lines 9 & 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . .. . .. . . . 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J) . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Net Value Subject to Tax (Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . . . . 14.
164-30-3135
Decedent's Social Security Number
187,000.00
151,694.43
338,694.43
8,800.65
27,516.31
36,316.96
302,377.47
---,-,----..-._-,..._~-"------".""~_._,--~.._.,....,"----,-"-""------,.",...-,.,..._-"._.,_.__."'--,~._~~~"-""""-
302,377.47
TAX COMPUTATION. SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X .0_
16. Amount of Line 14 taxable
at lineal rate X.O 45 302,377.47
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
18.
19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
~ ~1i)
~~ <J::.....c-&
g a $? i.,~5056052059
ro gOQ
Side 2
15.
16.
17.
13,606.99
13,606.99
.
15056052059
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REV-1500 EX Page 3
File Number
Decedent's Complete Address: " 21 I 07 i ,0196 j
DECEDENTS NAME DECEDENTS SOCIAL SECURITY NUMBER
LOIS M KAGARISE 164-30-3135
STREET ADDRESS
1426 BRADLEY DRIVE, 1114
CITY I STATE I ZIP
CARLISLE PA 17020
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1)
13,606.99
14,000.00
700.00
Total Credits (A + B + C ) (2)
14,700.00
3. InterestlPenalty if applicable
D. Interest
E. Penalty
TotallnterestlPenalty ( D + E ) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2, Line 20 to request a refund. (4)
1,093.01
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
B. Enter the total of Line 5 + SA. This is the BALANCE DUE.
(5)
(SA)
(5B)
A. Enter the interest on the tax due.
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;.......................................................................................... D ~
b. retain the right to designate who shall use the property transferred or its income; ............................................ D ~
c. retain a reversionary interest; or.......................................................................................................................... D iii
d. receive the promise for life of either payments, benefits or care? ...................................................................... D iii
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. D iii
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. D ~
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.
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. ~9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
[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.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. ~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 four and one-half (4.5) percent, 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 twelve (12) percent [72 P.S. ~9116(a)(1.3)]. A sibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1502 EX+ (6-9*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF
LOIS M. KAGARISE
FILE NUMBER
2107-0196
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, nenher being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which Is jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
Property situate at 1426 Bradley Drive, 1-114, Carlisle, North Middleton Township, Cumberland
VALUE AT DATE
OF DEATH
80,000.00
County, PA
2.
See Attached Appraisal
Property situate in Wheatfield Township, Perry County, PA
See Attached Appraisal
107,000.00
TOTAL (Also enter on line 1, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
187,000.00
APPRAISAL OF REAL PROPERTY
LOCATED AT:
1426 Bradley Drive 1-114
Deed Book 34N Page 209
Carlisle. PA 17013
FOR:
The Estate of Lois Kagarlse
AS OF:
February 19. 2007
BY:
Susan B. Burkholder
State Certified Residential Appraiser
The intended user of this reporl is the Estate of Lois Kagarlse
Summary Format
Form GAt - 'TOTAL for Windows' Waisal software by a la mode, inc, -1-800-ALAMOOE
frE }lannieMae
Desktop Underwriter Quantitative Analysis ADPraisal Report FUe Ie. Q40507K
nus SSMMABY APPRAISAL REPORT IS IIITlIDED FOR US! IY THE LEIDIElllcLlEfn' FOR A MORT8AGE fllANCE TRAlSACTION OILY.
ProNlrlvAddress 1426 Bracllev Drive 1-114 Gitv Carlisle State PA 71nCnde 17013
LM>lllAscrintinn Deed Book 34N Paae 209 C..urtv Cumberland
AS5essor'sParcelNo 29-17-1583-156U7114.1 TaxVeM2006-07 R.E. TaxesS 1 043.68
"""""'or n.a. Current Owner Kaaarise Estate Occunant i Owner
Neinhhnll1nnd or pmiAM Name Pheasant Run Prolect TVlIA r~l PUD rXJ Condominium
~es Pri^.A .~ n.a. Date of Sale n.a. n..crintion I t .....,nt of loan charnavconcesslons In be oaid bv seller
sed !Xl """SlmDle ' \ \...lUIhllirl I UllI\R.lll1ence 17-1583 Census Tract 0119.00
Olvers"ieollppraisal Services
n.a.
r 1 Tenant 1',("1 vocanl
HOAS 100',1.10.
lW.'
Localion [J UrtJan !:8) Suburban [] Rural Property values 0 Increasing L3J Stable [J Declining
Butit uv b OVtl 75% ~J 25~ 75% l ~ UINtl\ 25% ut\l\iSyJjWwlJ [~SlMtliU" k~ III bdiQil\;tJ 0 01~ ~
Growth ""e rl R:mid rYlStlIble r'lSJow Marketinnflmo 14 Under 3 mn.. IX' 3~6mos. n Over 6 mos.
Nelgl1bOlhood boundaries The sublect nelahborhood is bordered bv Lo""s Gan Road Cranes Gap Road and
Doualas Drive.
Otmensions n.a.
SpecifiC zoning classification and description Residential
loning compliance [2] legal CJ legal nonconforming (Grandfathered use) ~] Illegal, attach description [0] No zoning
Highest and best use 01 sUbject propeny as improved (or as proposed per plans and specitlcat1ons): f8J Present use i] DI/ler use, attach description.
Utiijue. Public Oiher Pubiic Orner lOii-siieimprovemenill iype Public Private
Elec1Jicity L':\ _ Water [;) Street Macadam 'Y'J L1
Gas 11 n.a. Sanitalv sewer [Xl I All"" None [c.i ('i,
Are ttw. onv llMarent ""verse 'sii; conditions {easements h s""'ial a..essments slide areas etc. \? r-l Ves '~'J No II Ves :dtocll oe~;..I~~on.
Solr.ce(sj used ~or phySical chaJacterlstics of propel1y: tSllnterlor and exterior Inspection QExteriOl inspection from street r] Previous appraisal files
. FC~I MLS 1:<' Assessment:ond tax records '(1 Prior in""ection . r'l Prnnerlv owner r ci Other I~"",,,,\:
N~. of St~e' 1 Tune In;UAtt \ AttcM Exterior Wa!!s C"ncret" Roof Sunace Rubber Man!JfaMd ~0lJ inn r1 Yes 1,'1 No
I cnnfnnn In the nol.hh",""^",, in tenns of <lvIA condition and eons ? [><J Ves I i No If No '.,ib"h des^.rinKnn.
Arelhere any iIP.~:rent phYsical deficiencies or conditions that would affect 1I1e soundness or strucllJaI integrity of the improvemen15 or the livability of 1I1e property?
i ',Yes IXINo IIYe' """"hdescriDlion.
Are there any apparent adverse environmental conditions (hazardous wastes, toxic substllnces, etc.) present in the improvements, on lhe site, or In the IlT\I1\6diare vicinily of
the subject property? [] Yes [Z] No If Ves, attach description.
I r_ched the subject market area for comparable listings and sales that are the most similar and proximate to lI1e subject property.
My research revealed a tCltal of ____l-_ sales ranging. In sales price from $ 79,900 to $ 81,900
My resean:h revealed a total of _L...._ listings ranging in list price from $ 75,000 to S 85.000
The lI1aIvsls ollhe comnarable sales below reflects mar1Iel reaction to sjmillcant variations between the sales and lhe subject prODertY.
FEAnJRE I SUBJECT SALE j SALE 2 SAlE 3
1426 Bradley Drive 1-114 1422 Bradley Drive C-213 1422 Bradley Drive C-114 1428 Bradley Drive J-112
Addr.ss Carlisle Carlisle Carlisle Carlisle
Pro~mltvtoSUbloct.;;i; i, 001 miles n01-;;'i1..~ ~.oo s
-~;s Price I.t n.a. 81 9OO;;;;if";'i""""iUd t 7
Prir.AIGros."vlnnAr.. It rt 86.76rt "'j, 87.23rt 87.34tP
ora & Verillc8llon Sources Courthouse/Files CaurthousaJExterlor insoectlen CourthouseJExlerlor insnaction
VALIJt ADJUSTMENTS _ DESCRIPTlON 1 +HSAdlust. DESCRIPTION I +(-)$ Adklst. DESCRIPTION I +1-ISA.t1I1<l.
Sales or Financing None known None known None known
Concessions Conventional Conventional Conventional
Date 01 Salemme 10-27-06: 11-28-06: 9-21-06
Lfll'JItlon Averaae. Similar Similar: Similar
SlIe n.a. Similar : Similar : Similar
View Averaae Similar : Similar : Similar
llo.<:ImIStule\ 1st tloor 2nd tloor : +2000 1st 1I00r : 1st tloor
Aclllal AM rofrs. \ 27 vears 26 vears 26 vears : 26 vears
Condition Averane Suoerior : -3 000 Similar : Similar :
Above Grade Total 'Bdrm.: Baths TCltaI : Bdrms: Baths 1..<.:' Total : Bdrms: Raths I';..':.i".,.")'~'.i...,)' Tnt" : Ritrms: Roth. I:U,I.";",."..
RoornCount ~~: 1.5 4: 2 2 4 ; 2 ; 2 : 4 : 2 2 :
Gross Uv1nnArea 944 Sa. Fl 944 So. Ft. : 916 Sn. Et. : 916 !\no R. :
Basement & Finished None None None None
I Rnnms Below Grade None None None None
Gar-1ComDrl None Similar : Similar : Similar
P..lio Patio Pallo ;::..Ho
"^'~" f' i ,11 ~1 ~ 1 OO~I ~iJ il~ -,
~~==:rlce 80900 79900 ~
DalenfPrlorSale 9-21-99 8-11-06 9-21-90 ~
PrIce at Prior ~ote I~ 54 900 I S 55 000 I ~ 42 900 1$ 72 500
Analysis 01 any ClIITent agreement of sale, option, or listing 01 the subjeel property and analysis of the prior sales of subject and comparables: The sublect nmoertv Is
currantl\l under contract.
StmnaJy of sales comparison and value conclusion: The Cost annroach was not considered since this Is not IlflW construction or the Income aooroach
~ till' fa<;! Iii;" i:s 1111 OWlltl. o<;<;upitlu :slllyitl fll,"ily UWtlliill!l. TIltl SlIitl,. CO/ll"..Ii:solllluu,oll<;h l:s tI,tl "".., lI"u,ollch roo lhi.. IvUti of U'UUtiltU.
I----~._.._..~~-~.. _._.~-
1------
-~.__...~- -.-
-..---.--------.
Site area n.a.
Single family hoUIIng
PRICE AGE
S(uuuJ (frs)
65 low 10
175 Hjnh 45
.(;~I Predoml-;;"'"
100 20 I 75
Shape n.a.
CondomlnklmhoUling
PRICE (if apple.) AGE
li(UUO) (frs)
60 Low ~
85 Hlnh 27
1G
26
80 000
--
80000
--
!!.~~ cappicl:;di i~ I-UcW~ !i;~ "d~~ib", :::~.J ~uujetL tv ~o'nviilUu.., pel pidli:i. dllU llij)U0iill,ialhJIRl un Ufti' Ldl)i:s or d hypUUitUlial cOflditiu.'1 thai ~.'t: iin~iuvl~fi"n:ni:) fidwti Utmll cumpli:tw, (JI
LJ subject to the following repairs. alteratiOllS Of condi1lons Appraised In current condition.
BASED ON AN [] fXWmR INSPECTION FROM "!liE STREET OR AN
PROPERlY THAT IS THe SUBJECTOFTlllS REPOATTOBU 60,000
VJ INTERIOR AHD EXiEllIOR INSPECTION ,I ESTlllATE THE IIARKETVALUE, AS DEFINED, OF THE REAL
,ASOF February 19,2007
PAGE10F3
FlII1I1ie Mae Form 2055 9-96
Form 205 ,- "TOTAL for Windows\) appraisal aoft'..'Ufa b', ilIa morl(j. inc. - 1~eoo-ALAMOOE
DesktOD Underwriter Quantitative Anal,sis ADPraisal ReDort File 10. 040507K
Project Infonnllion for PUDs (If applicable)- -Is Il1e developer/llOilder in control of Itle Home Owners' AssocialiOll (Ham DVes [JNo
Provide the following lnfoonalion for PUlls only il\lle developer/bllilOOr Is in cooIroI 01 \lie HOA and ll1e subject property Is an at\ached llweltiog unit:
Total runber of phases Tolal number of units Total number of units solll
Total number of units rented Total number of units for saie ___ Oata Source(s) ~-----,_.-.
Was Il1e project created by the conversiOll of existiog buildings Into a PUO? l..J Yes 1_INo U yes, date of conversion: __
Does Il1e project contain any multi-dwelling untts? ..]Ves No Data Source: --
Are the common elemenls complelell? f]Yes [i No If No, describe status of completion:
Are any common elements leased to or by the Home Owners' Association? liVes [.1 No If yes, attach addendum describlog rentai terms and optlons.
Describe common elements and recrealional fal:tiilillS:
Projecllnlormallonfor CondDmil1lums (Il applicable) . -Is ll1e developerlbuilder In control of the Home Owners' Associalion (HOA)? [J Ves [2J No
f'IOWle ll1e following lnformalion lor all Cornlominium Projects:
Total number of phases 3 Total number of units 144 Total number of units sold 144
--
Total number of units rentell ~ox 88 T otaJ number of unrts for sale .0 Data SOlJce(s) MLS
Was the project created by 1he conversion of existiog boiIdinOs into a condomilllum? [] Yes [;1 No If yes, date of oonvSlSlon:
Piojei;t Typt: [2 Prtmary R6sidertt;e t'] Secvisd Hume or Recreational [J Row or T(jWl'k~uiisa [] Garden [J Midlise ~ Higthiiil :,
~, --
COndllion ol \tie project qualily of construction, unit mix, etc.: AlIlmorovements aooear to be In averalle to aood condrtlon,
,.-- [2J Yes [i No If No, describe stltus ot completion:
Are the common elements completed?
Are any CommDl1 elements leased to or by the Home Owners' Association? [.] Ves [JNo it yes, attach addendum describing rental teons and options.
"",r.rIh. cnmmon ~11!ITl.n'" and ",or.atinnal tar.lliti.,. Lawns and sidewalks.
2
PURPOSE OF APPRAISAL: The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report based on a
quantitative sales comparison analysis for use in a mortgage finance transaction.
DEFINITION OF MARKET V AlOE: The masf probable price which a property should bring in a competitive and open market under all
conditions reqUisite to a fair sale, the buyer and saUer, each acting prudently, knowledgeably and assuming the price is not affected by undue
sfunubJii . ill'plioit i" llii. d..iinilioli h. the oonsumn,ation of a sal.. a. of a .pt;i;ifled date and ... ll."sillll of b... 1I0iil .llIMli to buy",
under condl\lOfls whereby: (1) buyel and seller ale typically motivated; (2) both parties are well infonmed or well advised, and each acting
in what he considers his own best Interest; (3) a reasonable lime is allowed for exposure in the open marf<et; (4) payment Is made
in terms of cash in U.S. dollars or In tenms of financial arrangements comparable thereto; and (5) the price replllsents the nonmal consideration
for the property sold unaffected by special or creative financing or sales concessions. granted by anyol16 associated with the sale.
. Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments alll necessary for those
costs which are nonmally oaid by sellers as a result of tradlllon or law in a market area: these costs are readDy identifiable since the
seHer pays these costs In virtually all sales transactions. Special or creative financing adjustments can be made to the comparable
property by comparisons to financing tenms offered by a third party instiMional lender that is not already involved In the property or
transaction. Alf'/ adjustment should not be calculated on a mechanical dollar lor dollar cost of the financing or concessioo but the dollar
amounl of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment.
STATEMENT OF UMITING CONDmoNS AND APPRAISER'S CERTIFICATION
CONTii-iGENT AND liMiTiNG CONDiTiONS: Tit. 81lIl,a;s.r's c.,iiiicaiiull litai aPIl.als ill lite awraisal ,.puri is subject tu iil. fuliuw;lI\! cUlltlliiu'ilI.
1. The appraiser will not be responsible for matters of a legal nature that affect etther the property being appraised or the We to tt. The appraiser assumes
that the \ltte is good and mart<etable and, therefore, wtil nol render alf'/ opinions about the We. The proparty is appraised on the
basis of tt being under responsible ownership.
2 The appraiser has provided any I1lquired sketch in the appraisal report to show approximate dimensions of the improvements and the sketch
is in~!uded only 10 assi~ tl1e reader IJ! !h!l report in vjsuaJlzif!~ !h!l property an!! understanding the appraiser's de!ermlnalloo IJ! fts size.
3. The appraiser wm 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.
4. The appraiser has noted In the appraisal report any adverse condnlons (such as, but not limited to, needed repairs, the presence of hazardous
wastes, toxic substances, etc.) observed during the inspectlon of the subject property or that he or she became aware of during
the nonnal research involved in perfonnlllg the appraisal. Unless othelWise slated in the appraisal report, the appraiser has no knowledge
of alf'/ hidden or unapparent conditions of the property or adverse environmental condlllons (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 condnions and
makes no guarantees or warranties, elqlCllssed or implied, regarding the condition of the property . The appraIser will not be
responsible for alf'/ such conditions that do exist or for any engineering or testing that might be required to discover whether such condlfions
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.
5. The appraiser obtained the infonnation, estimates, and opinions lt1at 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 responsib~ity for the accuracy of such nems that were furnished by
other parties.
6. The appraiser will not disclose the contents of the appraisal report except as provided for in the Unlfonm Stal1llards of Professional Appraisal Practice.
7. The appraiser musl provide his or her prior written consent bIllore the lender/client specUled In the appraisal report can dlstlibute 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 flnm wnh which the appraiser is associated) to alf'/one other than the borrower:
the mortgagee or its successors and assigns; the mortgage insurer: consultants; professional appraisal organizations; any stale or
federally approved financial institution: or alf'/ department, agency, or Insfrumentallty of lt1e United Slates or alf'/ state or the Dlstrtct of
Columbia: exce!ll that the lender/client may distribute the report 10 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 !he appraisal can be
conveyed by anyone io the public thruugh advertising, pUblic relations, news, sales, Uf uih6f metiia.
8. The appraiser has based his or her appraisal report and valuation conclusion 10r an appralsalthat is subject to completion per plans and specifications on
on the basis of a hypothetical condillon that the Improvements have been completed.
9. The appraiser has based his or her appraisal report and valuatlon conclusion for an appraisal that is subject to completion, repairs, or alterations on the
assumption that completion of the improvements will be perfonmed in a workmanlike manner.
PACE 2 or 2.
fai1nie Mac form 2055 9~9€
Form 205 - "TOTAL for Windows' appraisal software by a la mode, inc. - 1-800-ALAMODE
Deskto
File No. 0405071<
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that
1. performed this appraisal by (1) personally inspecting from the street the subject property and neighborhood and each of the
cOl11parallle sales (unless I have otheJWlse indicated in this report that I also Inspected the Interior 01 the subjeot proporty); (2) cO/leating, conl/mling,
and anaiyZing data from reiiabie pubiic ami/or privaie sources; and (3; reporting the resuits oi my inspection and analysis in this summary appraisal
report. I further certify that I have adequate Information about the physical characteristics of the subject property and the comparable sales to develop
this appraisal.
2. I have researched and analyzed the comparable sales and offeringS/listings in the sublect malket area and have reported the
cOl11parable sales in this report that are the best available for the subject property. I further certify that adequate
comparable maJket data exists in the general malket area to develop a reliable sales comparison analysis for \he subject property.
3. \ have tal<.en into consideration the factols that have an Impact on value in my development of the estimate of market value in
the appraisal report. I further certify \hat I have noted any apparent or known adverse conditions in the subject Improvements, on
\he SUbject site, or on any site within the immediate vicinity of the subject property of which I am aware, have considered these adverse
condillons in my analysis of the property value to the extent that I had marllet evidence \0 support \hem, and have commented about \he effect of
the adverse conditions on the marketability of the subject property. I have not knowingly withheld any significant Information from \he appraisal
report and I believe, to the best of my knowledge, that all slatements and information in the appraisal report are true and correct.
4. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
subject only to the contingent and limiting conditions specified In this form.
S. I have no present or prospective interest In the property that Is the subject of this report, and I have no present or prospective personal
interest or bias with respect to the participants In the transaction. I did not base, either partJatly or completely, my analysis andlor the
estimate of market value in \he appraisal report on \he race, color, religion, sex, age, marital status, handicap, famUlal status, or national
ongln or el!l1er the prospectIVe owners or occupants or tne SUbJllCl property or or tne present owners or occupants ot tne properties
in the vicinity of the subject property oron any other basis prohibited by law.
6. I have no present or contemplated future Interest In \he subject property, and nenher my current or future employment nor my
compensation for performing this appraisal Is contingent on the appraised value of the property.
7. 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
a.rno:.mt of the ...alu~ e~imate, the Jttainment of a ::;pecffic ro~utt. or the occurrence 01 a cub~equent event in Qrder to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation,
a specnic valuation, or the need to approve a specWic mortgage loan.
8. I estimated the market value of the real property that is the subject of tnis report based on the sales comparison approach to value. I
further certify that I considered the cost and income approaches to value, but, through mutual agreement with the client, did not develop them, unless
I have noted otherwise in this report.
9. i performed tNs appraisal as a limned appraisal, subject to the Departure Provision of 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 efliective date of the appraisal (unless I have otherwise lIIdicated In this report that the appraisal is a complete appraisal, in which
case, the Oeparture Provision does not apply).
10. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value.
Th~ ~'q)Qsur~ lim~ asso('ial~d with lh~ est!mate of mark~l v~Ju~ for lh~ ~Uhi'1ct prop~rty is ('onslsten! with the mar!lelinll lime nole(!
in the Neighborhood section of this report. The mal1<etlng period concluded for \he subject property at the estimated mall<et value is
also consistent with the marketing time noted In \he Neighborhood section.
11. I personally prepared all conclusions and opinions about the real estate that were set forth In Ihe appraisal report.
furtl\er certify that no one provided significant professional assistance 10 me in the development of \his appraisal.
SUPERVISORY APPRAISER'S CERTtFICA TION: If a supervlsOlY appraiser signed the appraisal report. he or she certifies and agrees that:
I directly supervise the appraiser who prepared the appraisal report, have examined the appraisal report for compliance with the Uniform Slandards
of Professional Appraisal Practice, agree with the slatements and conclusions of the appraiser, agree to be bound by the appraiser's
certifications numbered Slhrough 7 above, and am laking lull responsibllity for \he appraisal and the appraisal report.
APPRAISER:
Signature: .~,6.~
Name: . Susan a. Burkholder
Company Name: Diversified APpraisal Services
Company Address: 35 E. High Street, Suite 101
Carlisle, PA 17013
Date 01 Report/Signature: April 5, 2007
Slate Certification #: RL-000659-L
or Slate License #:
Slate: PA
Expiration Date of Certification or License: June 30, 2007
SUPERVISORY APPRAISER (ONLY IF REQUIRED):
SlgnlllllrA: AI'~-:;wtt;
Name: Lany E. ~
Company Name: Diversified Appraisal Services
Company Address: 35 E.. High street, Suite 101
Carlisle, PA 17013
Date of Report/Signature: April 5, 2007
Slate Certification #: GA-000014-L
or State License #:
Slate: PA
Expiration Date of Certification or License: June 30, 2007
ADDRESS OF PROPERTY APPRAISED:
APPRAISED VALUE OF SUBJECT PROPERTY $ 80,000
EFFECTIVE DATE OF APPRAlSAL/lNSPECTlON February 19, 2007
LENDER/CLIENT:
Name: Dorts Wagner
Company Name: WaShington Mutual Bank, FA
Company Address: P.O. BOlS 116
SUPERVISORY A?PRA!SER:
SUBJECT PROPERlY
Did not Inspect subject property
Did inspect exterior of subject property from street
Did inspect interior and exterior of subject property
j426 Brad!e'l Drive 1-114
Carlisle.>. PA 17013
COMPAnABLC SALCS
Old not inspect exterior of comparable sales from street
Old Inspect exterior of comparable sales from street
PAGE 3 OF 3
form 205 - "IOTAL lor WmdllWs. applillsal sot\wale by a la mode, Inc. - 1-800-I\l.AMODE
Fannie Mae Form 2055 9-96
Borrower/Client n.a.
prnnertVAddress 1426 Bradlev Olive 1-114 -
CiIv Carlisle County Cumberland, ----.-- --.-"...--.. State PI>. - 1illCnM 17013
Lender Washinaton Mutual Bank FA
Supplemental Addendum
File No 040507K
Additional Comments
The intended use of the appraisal is to report market value as of the date of death.
The subject is older than five years old. All mechanical systems including heating, electrical and plumbing systems appear to be
working adequately. No warranties are implied in this statement.
One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's
area, none have sold recently, therefore, sales in excess of six months old have to be used. All three comparables used were
the best available.
The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of
the property's highest and best use and the consideration of all three approaches to value and the application of those relevant to
the valuation of the subject property.
The Intended User of this appraisal report is the Lender/Client. The Intended Use is to evaluate the property that is the subject of
this appraisal for a mortgage finance transaction, subject to the stated Scope of Work, purpose of the appraisal. reporting
requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the
appraiser.
Privacy Notice
Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial
services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the client
nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to
provide you with this information.
In the course ot pertormlng appraisal, we may COllect What IS Known as "nonpublic personallntormatlon" abOut you. I hiS
information is used to facilitate the services that we provide to you and may include the information provided to us by you
directly or received by us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated
third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent
contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in
proViding appraisal services to you. Ail independent contractors and any third party consultants we engage are informea that any
information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law
would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are
party_
We Will retain records relating to professional services that we have provided to you for a reasonable time so that we are bailer
able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third
parties, we maintain physlcel, electronic and procedural saieguardS that comply with our proiessionai standards insure the
security and integrity of your information.
Signature .q/~~
Name Larry E. Foote
Date Signed April 5. 2007
State State Certification # GA-000014-L
State Or State license II
Diversified Applalsal SeMces
Form TADD2 - 'TOTAL tor Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE
Si{11llture aJ:. ~OA..Ii...fi
Name Susan B. rkholder ..
Date Signed April 5, 2007
Stale Certification # RL.OO0659-L
Or state license #
Stale
State
Building Sketch (Page - 1)
Stale PA
Zio Code 17013
~
Borrower/client n.a.
ProoertY Address 1428 Bradlev Drive 1-11.4
Cilv Carlisle County Cumberland
Lender Washin!llon Mutual Bank, FA
35.0'
Living Bdrm Bdrm
Room
26.0'
-4
Dining
Room
34.0'
SKETCH CALCULATIONS
I.
living Area
First Floor
/\~ 35,Dx2S.0-
g~O.Q
A2 5.0 x 5.0 =
A3 3.0x3.0=
25.0
9.0
944.0
Total Living Area
944.0
Form SKT.B1dSld - "TOTAL tOf Windows" appraisal software by e Ia mode, inc. - j.800.ALAMODE
location Map
r1lQ!IQWJlr/Clienl n~__ . ----- .
~rllOertvAddress 1426 Bradley Drive 1-114 ----...
CIIY Carlisle ___.. County Cumberland Slate PA ZieCode 17013
Lender Washinaton Mu1ual Ban~,FA
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~Qrrower/Client n.a.
Pl'ooerty Address 1426 Bradlev Drive 1-114 "-~- ._-----.~,-- -,
-..----..
City Carlisle Countv Cumberland Slate PA liD Code 17013
LendP.r Washinato';'Mutual BankFA -
Subject Photos
SubJect Front
1426 Bradley Drive 1'114
Subject Rear
SubJect Street
Form PICPIX. TR - "TOTAL for Windows" appraisal software by a la molle, Inc. - 1.800.ALAMODE
8orrow~r/Cli.nt n,a,
PrQl!!lf!y Address 1426 Bradley Drive 1-114 --
-
City Carlisle County Cumberland State PA liD Code 17013 --
Lender Washinaton Mutual Bank FA
Comparable Photo Page
Comparable 1
1422 Bradley Drive C213
Comparable 2
1422 Bradley Drive C-114
Comparable 3
1428 Bradley Drive J-112
Form PICPIX8R - "TOTAL far Windows' appraisal software by a la mode, Inc, - 1-800-ALAMODE
APPRAISAL REPORT
OF
GllIlZ ft)Ie Road
Duncannoo. PA
PREPARED FOR
ESla Ie of Lois M. Kagarise
c/o Jerry Philpott Esq.
POBo~ 116. Duncannon. PA 17020
AS OF
Fel:l 19. 2007
PREPARED BY
L. W. BROOISCH REAL ESTATE
10 Church Road
NewpoI1. PA 17074
L. W. BRODlSCH REAL ESTATE
SUBJECT PHOTO ADDENDUM
llorrower None
!1Qperty Address Glutz Hole Road
9!:i Dunc.annon County
Le/1defICllent Estate of Lois M. Kagarise
File No. Kagalise-L
Case No.
Perry State P A Zip Code
Address clo Jenv PhilpOtt. ESQ., P.OBox 116, Duncannon. PA 17Q20
FRONT OF
SUBJECT PROPERTY
Glutz. Hole Road
Duncannon. Wheatfield Twp.
REAR OF
SUBJECT PROPERTY
STREET SCENE
Page 2 of 8
L W. BRODISCH REAL ESTATE
SUBJECT PHOTO ADDENDUM
Borrower None
P!oPGl\'I Address Glutz Hole Road
City Concannon Coontv
LenderlCllem Estate of Lois M. Kagarise
File No. Kagarise-L
Case No.
Perry State PA Zip COOe
Address clo Jerry Philpott, ESQ.. P.O.Box 116. Duncannon, PA 17020
CliCl<FORMS Appraisal Software 800-622-8727
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tt.e ~1Io.1d g:ra.n't.ara do ht"b)t grant. lU'.d CQttV'f:l) $!tl,L and ~oo.t1r;os unto t.bO a.1o. grantee"
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P-.reh.. t.o po:S't .~ 'bA1\k ot Sh.~r:::!.".1Ut ::;1",,_1(; t.::..ne'tcfi; t\ia1d cnel; 158 F'er-~l1"'. t.a t.b3pl.ce
or C3e:g1nn1ng, eCft'l.l~:!.ns: 92 /..ere:r. co:-. 0:" less, &t:.C havlbg t::.~t'1eOl'l _nct-ad &. -:'-0 ..r,d on:-
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4:o..d ntoervug ~t'e:rG: t'aur (4) l.:-..;::t:i oJ" lA::~ all CX'i"iI!!'C Lo E&rYOi G. SW11~r, ~t.- ux,
b., doe" d.t'l!!::i .J-.n.. It.. 191\2.. ~:::o~:\-..<!rt l.."?~!:':-) C::r.ll"li." ~1~UC. =-c:)'k 13r1. 'Pagt:a $g.Q; 't;) S. V"
PERRY COUNTY
Ins!# 469063 - Page 1
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Title:
Scale: 1 inch = 800 feet
I Date: 03-19-2007
I File: KAGARISE.DES
Tract I: 100.180 Acres: 405415.1 Sq Meters: No significant closure error.: Perimeter = 10422 feet
001 =s58.45w 874.5 006=n34.30w 1435.5 011 =s 15e 500
002=n36.30w 1105.5 007=s80.3Oe 693 012=s35e 500
OOJ=s64w 363 008=s68.30e \683 0 I )=s39.241 Oe 436.2\
004=n34w 1419 009=s05e 500
005=n40e412.5 010=s10e500
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BETWEEN RUSSEL L. KAGARISE ad LOIS M. ltAGARISE. his wife, of Wbeatfie1d Townabip.
Perry CountY. Pennlly1va1Ua.
Grantol"8 .
and ELDREDGE R. LONG. JR. and JANE W. LONG, hia wife. of Carlisle. Cumberlalld
Couuty. Pennsylvania.
Grontce 8 <
WITNESSETH. that in /llmBUUNticn 01
FiftySeve:n Thousand and 00/100 ($57,000.00)
m hand paid. tM retftpt wbrlJOf i8 Mrebll achnowlcdged. tM s/lid grantOl's do
and M>>lfet/ to U<<l said (ff'Ilmee II' their heirs and assigns, S8 tenants by
Dollar"
herebv grant
the entireties,
ALL that: certaj,n piece or parcel of land s1t:tulte in Wbeatf1eld 101inship, Perry County,
PennsylVania, bounded and described in accordance \lith that certain survey of Earl
D. Palm and SoUR, daeed August 7, 1974. as follow, to "~it:
BEGINNIJ~ ae a point marked by a railroad spike on ehs northern edge of L.R. 50014,
&aid point being 201.48 feet west of a W. S. Bridge; tnence along the centerline
of T-464, north 29 degrees 52 miUUt8S west, 153.65 feat to a nail in the centerline
of said T-464: thence south. 77 degrees 18 minueea west, through a concrete post,
19.80 feat vese of 'I-464. a totel dist:ance of 199.67 feet to anlron pin; thence
north, 28 degreea 04 minutes west, 259.42 feet to an iron pin; thence north 69 degrees
04 m:inut.ea east through an iron pin, 28.38 feet west of the centerline of T-464,
a total distance of 203,66 feet to a nail in the centerline of 1-464: thence along
the centerline of said, T-464, DOrth 28 degrees 53 ainutes west. 331.76 feet to a
naU in the c:enterline of said, 't-464; thence noreh. 58 degrooa 45 minutes eaat.
through an iron pin. 9 feet east of the centerline of said, T-464, a totsl distance
of 315 fue to a point in the Sherma'l18 Creek; thence vitbin said Creek in a sou.th-
easterly direction 8 distanca of 825 feet, IllOre or less, to a point w:tthin said Creek
at loIhich point L,R. 50014 pasaes over said creek; thence uong the northerly lina of
L.ll.. 50014, BOuth 67 Degrees 01 minutes wese, 383.56 feee Co a railroad spike on the
northern edge of said L.R. 50014, the point or place of BEGINNING.
CONTAINING B acres. more or less, snd having thereon ereceed a tyo and one-half story,
stone dwelling house, two-car garage and swimming pool.
BEING part of the aame premises vtdch George Ii. Granan, et aI, by their deed dated
March 11, 1950 and recorded in the office of the Recodel' of Deed8 in and for Perry
County, Pennsylvania, inDeed Book 141, Page 268, granted and conveyed uneo RUBsel
L. Kagarise and Lois M. lCagariae, his w:1fe, grantors herein.
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Swt,or "iew1 - 03/19/2007 8-4756 AM
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PERRY COUNTY
Instlt 421466. Pa,:e 1
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1....... 1)'''''001 or
Hillll.)' A PfIlU'OlT
A,TJ("....h1NS Al' lAW
POlla,111i
D'UnUlWon.?.. 1702:0
krry A. /'hllp'u.l!<q.
)\.n;:IlB,"f\l~E.q..
(711) 1l<.:>OJ?
11ps ~!1
f'mr Covnb' - DI1':uu"~ Sto." I
D.~id I Haste. Re..llrder I
Dlte OI/Ia/1999 Tile 09:1~:OO 1 of p~
I/o: 1999-00011868 GEl( eook 1155 Pase 12
Madc the I~y of Janullry, in the yenr of O1.lr Lord onc thousand ninc hundred and
ninety-nine (1999).
BETWEEN JERRY A. PIm,POTT and SANDRA M. PHILPOTT, husband IUld wife,
of Wheal fi eld Township, Perry County, Pennsylvania, (hereinafter called the grantors) and JEnny
A. PHILPOTT and SANDRA M. PHILPOTT. husband and wife, of Wheatfield Township, Perry
County, Pennsylvania, as tenants by the entireties (hereinafter Cllllcd the grantees);
WITNESS Ii;TI I. That in consideration of One Dollar (SI.OO), in hnnd paid, the receipt
whereof is hereby ackno.....ledged. the said grantors do hereby gran! and convey 10 the said grantees,
TRACT I
ALL THAT CERTAIN piece or parcel of land situate in Wheatfield Township, Perry
County, Pennsylvania, designated as Lol2 in the Final Subdivision Plan for Russell [sic) Kagarise,
recorded on September 3, J980, a1 page 139 in Plan Book 17 for Perry County. Pennsylvania, to wit:
BEGINNING al a point marked by miren pin in a stream bed, said iron pin being north 77
degrees 10 minutes 46 seoonds west 298.61 feet from ft point in the centerline ofT -464, a distllnce
of 1504 feet north Orllle intersection ofLR50014 and T-464; lhence south 12 degrees 48 minutes
53 seconds west 16.~ feet to an iron pin; thence north 6\ degrees 32 minutes 48 seconds west
166.31 feel 10 an iron pin: thence north 37 degrees 7 minutes 43 seconds west 33.69 feet to an iron
pin; thence north IS degrees 22 minutes 39 seconds west 129.93 feet to an irol1 pin; thence north
31 degrees 43 minUles 57 seconds west \22.49 feet to an iron pin; thence north 49 degrees 12
minutes 44 seconds wcs1118.02 fcet 10 DIl iron pin; thence north 23 degrees 2 minutes 45 seconds
Clls1703.8 fcetlO an iron pin; thence north 80 degrees 30 minutes 52 seconds cast 67.]2 feet 10 a
pine tree; thence north S8 degrees S4 minutes 38 seconds ell3t 133.49 feet to an iron pin; Ihence
:.uuth 60 degrees 38 mlllllles 22 seconds east 95.32 (celIO an iron pin: thence soulh 24 degrees 31
minutes 53 seconds cast 64.61 fcello an iron pin; thence south 11 degrees 32 minules 35 seconds
west 646.87 feet to an iron pin; thence south 10 degrees 5 minutes 14 seconds west j 94.63 feet 10
,m iron pin; IlICllce SQUlh 12 degrees 48 minutes 53 seconds wesl198.45 feet to nn iron pin,lht: poinl
or place ofDEGlNN1NG.
CONTAINING 7.983 acres. moro or less.
BEING lite same premises that Russel L. Kagarise and Lois M. Kllgarise conveyed to Jerry
A. PhilpOlllllld Sandra M. Philpott by deed daled November 28. 1981 Bnd recorded in the office of
Ihe Recorder of~ed5 in and for Perry eoumy at Deed Book j I 5. pase 534.
Station. View3 . 0310812007 8:23:23 AM
PERRY COUNTY
'-.
"
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. ;, ''''"._~..,.......
lost# 199900368 . Page'
)tatier. Vie.,,3 - 03108/2007 823:23 AM
l..4wC:u.J.1C1OW
JI!RH Y A. ~HlLl'OTT
An'Oltt/.EYS AT LAW
P.O. II"" 116
thln(.lill'h~n. fa. 1701U
J."" ". f'hilpon, Ilsq
J<c....Jn U. Pso:sKr. EJ.q
(111) &14.30&1
Date OlllBIIW9 Tile 09:14:00 2 {)f 5 n!
110: 1999-00011868 (iN !look 1155 Pm 13
IIA VING THEREON ERECTED a three stol')' geodesic dome dwelling house knO\\ll and
numbered as 652 Glurz Hole Road, Duncannon, Pennsylvania.
ALSO TOGETHER WITH a 50 foot easement for use as a privllte right of way, such
easement encompassing an area beginning at the same iron pin used to mark the beginning or the
property described above, thence south 77 degrees 10 minutes <16 seconds ellSt 298.61 feet to II poinl
in the centerline ofT-464, thence north 7 degrees 55 minutes 46 seconds west 53A7 feetlllong said
center line. thence north 77 degrees 10 minutes 46 seconds west 279.67 feet, thence south 12 degrees
48 minutes 53 seconds west to the said place of beginning.
TRACT n
ALL THAT CERTAIN piece or parcel of land situate in Wheatfleld Township, pcrry
County. Pennsylvania, designated as Lot 2 in the "Preliminary-Final Subdivision Plan of a Lot
Addition in Whcotfield Township, Perry County, Pennsylvania, containing 5.06 acres" prepared
September 17, 19&4. for Russell [sicl Kagariseand recorded on November 21,1984, at page 29 in
Plan Book 24 for Perry County. Pennsylvania:
BEGINNING at a point in the centerline of T-464 approximatcly I SOO feel north of thc
intersection of LR5001 4 and T-464, said point in the centerline ofT.464 being marked by an iron
pin offset north 77 degrees 6 minutes 53 se<:onds west 25 feel from said centerline; Ihence south 7
degrees 6 minutes 53 .seconds west 2S feet from said centerline; thence south 7 degrees 30 minutes
9 seconds east along said centerline of T-464 II distance of 256.33 fcet to an iron pin in the
centerline; thence south 83 degrees 58 minutes 16 seconds wesl 604.41 feet 10 an iron pin; thence
north 6 degrees 47 minutes west 438.73 feet to an iron pin; thence north 76 degrees 47 minutes 26
seconds est 161.83 fea to an iron pin in II creek bed; thence by and adjoining the land previously
deeded to grantees herein by grantors herein by the deed recorded in PelT)' County Book 315 at page
534 in three courses generally along the creek bed, to wit (1) south 40 degrees 7 minules east 33 .31
feel 10 an iron pin, (2) south 6] degrees 26 minutes east 166.28 feet to an iron pin, IInd (3) north 11
degrees 12 minutes 23 seconds east 16.88 feet to an iron pin; thence south 77 degrees 6 minutes 53
seconds east 298.63 feet by IInd adjoining the privllte right of way previously deeded to grantees
herein by grantors herein by the deed recorded in Perry County Deed Book J 15 at page 534 through
the aforementioned iron pin offset 25 feet from the cenlerline of 1'-464 10 II point in the center! ine
ofT.464. the point or place of BEGINNfNG
CONTAINING 5.06 acres, more or less.
BEING the same premises that Russel L. Kogarise and Lois M. Kagmise conveyed to Jerry
A. Philpott and Sandra M. Philpott by deed dated December 5, 1984 and recorded in the office of
the Recorder of Deeds in and for Perry County at Deed Book 364, page 10.
HAVING THEREON ERECTED II horse barn.
PERRY COUNTY
tnst.# 199900368. Page <
L....... ~...l;(1I Qf
JERR\" PlIILl'OTI
"rTtJl Nf.'r' S A. LAW
P.O. n~. (II>
plJn(.Mlnllfl, P.. t 7CQ:O
JU'IY .... Pili/po<I. l!!<q.
1(,,,,.1l. ProSKI. E"'l
(711) l).4.)CS1
TRACt HI
D1tf WI8II'l99 Tillll ~9:14:00 3 01 5 s
fiQ: 19'19-OO01186B I'D Book 1155 Pa9l! 1\'
ALL THAT CERTAIN parcel of land shuate in Wheatficld Township, Perry County,
Pennsylvania. consisting generally of the cleared fields between the Deh'i\Ie Road (LR50014) and
the southern property line of the previously granted parcel designated as Lot 2ln the"Preliminary.
Final Subdivision Plan of a Lot Addition in Wheal field Township, Perry County, Pennsylvania
containing 5.06 acres" prepared September 17, 1984, for Russell [sic) Kagarise and ret:orded
November 21. 1984, III page 29 in Phm Book 24 for Perry County, Pennsyl vania to wit:
BEGINNING at a point in the centerline ofT-464 approximately 1214 feet north orlhe
inlersection of I.RSOOI4 and T-464, said point in the centerline ofT-454 being marked by an iron
pin; tbence south 28 degrees east along said centerline ofT-464, 439 feet; thence south 28 degrees
53 minutes east 331.76 feet along said centerline to a nail in the centerline ofT-454; thence south
69 degrees 4 minutes west through an Iron pin, 28,38 fCelt west oCtile centerline ofT-464, a totnl
distance of203.66 feet; thence south 28 degrees 4 minutes east 259.42 feel to an iron pin; thence
north 77 degrees IS minutes east 199.67 feet back to tbe centerline of T -464; thence south 29
decrees 52 minules east 153.69 feet along saId cel'llerline to a railroad spike in the north ~dge of
LR50014; tbenee south 67 degrees 1 minute w05t662 feet along the north edge ofLR500J4 to the
southwest comer anhe property owned by grantors herein; thence north 32 degrees I S minutes west
1105.5 fect to an iron pin; thence north 32 dCllIlleS 15 minutes west 360 feCI; thence north 84
degrees east 225 feet to the southellst corner of the aforementioned Lot 2 previously granted to
grantees by gmntoTa; thence north 83 degrees 58 minutes 16 seconds east 604.41 feet by and
adjoining the SOUl hem edge oflhe aforementioned Lot 2 to the iron pin in the centerline ofT-464,
the point or place of BEGIl'o'NING.
CONTAINING approximately 22 acres, more or less.
BRING the snme premises thaL RusselL. Kagarise and Lois M. Kagarise conveyed La Jerry
A. Philpott Dnd Sandra M. Philpott by deed dated December 19, 1986 and recorded in the office of
Ihe Recorder of Deeds in and for PCITY County al Deed Book 432, page 182.
IRACTIV
ALL THAT CERTAIN lot or piece of ground with the buildings and improvements thereon
eT~led. situate in Wheatfield Township, Perry County, Pennsylvania, known as 65 J Glutz Hole
Road, and bounde~1 and described as follows:
BEGINNING alASlake Iltlhe east side ohlle public road leading from Delville to Roseglen
al comerofland now or fonnedy of Irvin W. Daron end S. Alice DllI'on. his wife; thence along said
road, North 9 degrees West, 185.8 feCI, more or less, to a $takc at Ijne known as the David Reiler-
KiIkpatrlck line; thence along said line North 81 degrees West 66.3 feet, more or less, 10 Shennan's
Creek; tbence along said Sherman's Creek, South J 9 degrees 48 minutes Easl. 178.6 feet, more or
less, 10 Ii large tree nllhe Swiler-Daron line; thence along said line in a westerly direction, to the
"t:\tion ViAW3 - 0310812007 8:23:23 AM
PERRY COUNTY
'.....
"
-.
Ins\.# 199900368 - Page ~
~;lation V!ew3. 03'08/2007 8:2323 AM
t...w OIfrl. 01
JI'RRY II. PHlt.l'OTT
^rrok"'~YS ^T LAW
P.O. n", 116
LNn,ronflun. I'd, t 1020
I.try A, PMlpon.llIq.
Kevin f... JllOU.C/~ E~
(71'1) 8)4.3051
place of BEGINNING
nata C1I19J199'l Tille 09:J1fIOQ 4 of ;j .~;
I/o: 19'79-00011868 GEN PoOOk U55 Pm 15
CONTAINING .35 acres, more or less.
BEING lhesameparcel Earl F. Arnold conveyed to Jerry A. Philpott and Sandra M. Phllpotl,
husband and wife, by deed dared February 6, 1997 and recorded in the Oflice of the Recorder of
Deeds in and for Perry County at Deed 992, page 124.
TRACT V
ALL THAT CERTAIN piece or parcel of lWld situate in WhCIIlfield Township, Perry
County, Pennsylvania, bounded and described in aceordanccwith thaI certain survey orEael D. Palm
and Sons, dated August 7. 1974, as follows, to wit;
BEGINNING at a paint marked by a railroad spike on the northern edge ofL.R. 50014, said
point being 201.48 feet West of a W.S. Bridge; thence along the centerline of T-464, North 29
degrees 52 minutes West, 153.65 feet to II nail in the centerline of said T-464; thenee South 77
degrees 18 minutes West through a concrete post, 19.80 feet West of T.464, a total distance of
199.67 feet to an Iron pin; thence North 28 degrees 04 minutes West, 259.42 feet to an iron pin;
thence North 69 degrees 04 minutes Eastlhraugh an iron pin, 28.38 feet West of the centerline of
T-464, a total distance of203.66 feet to II nail in the centerline ofT-464; thence along the centerline
of said T -464. North 28 degrees 53 minutes West, 331.76 feet to a nail in the centerline of said T-
464; thence North 58 degrees 45 minutes East through an iron pin, <) feet East ofthe centerline of
said T.464. a totul distance of315 feet to a point in the Shermans Creek; thence within said creek
in a southeastcriy direction, a distance 0[825 feet, more or less, to II point within said creek at which
point L.R. 500 14 pllSscsoverthe creek; thence along the northerly lineofL.R.$0014 passesoversllid
creek; tbence along the northerly line ofL.R. 50024, Soulh 67 degrees 01 minute West, 383.56 feet
to n railroad spike on LlJe northern edge of said L.R. 40014, the point or place ofBEGlNNTNG.
CONTAINING 8 acres, more or less.
HA VING THEREON ERECTED a 2 V, Slory stone dwellii-.g house kno\'m and numbered
as 680 Glutz Hole Road, DUnClll1l10n, Pennsylvania.
BEING Ihe same parcel Anne T. Johnson conveyed to Jerry A. Philpoll and Sandra M.
Philpott, husband and wife., by deed dated October 14, 1998 and recorded in the Office of tht:
Recorder of Deeds in llnd for Perry County at Book 1134, page 112.
THESE eonveyanees.are a transfer from husband llnd wife 10 husband and wife for purposes
of consolidated all their properties onto one deed therefore exempt of real estate transfer tax.
TOGETHER with all and singular the buildings nnd improvements, ways, streets, alleys,
passages. walers, water-courses, rights, liberties, privileges, hereditaments and appunenances,
whatsoever unto the hereby granted premises belonging, or in any wise appertaining. and the
PERRY COUNTY
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l. W. BRODlSCH REAL ESTATE
LAND APPRAISAL REPORT
Census Tract 303,01
File No. Kagarise-l
Case No.
Map Reference 290,116.00-017.000
Perry
lions
N/A yrs.
State
PA
Zip Code
17020
De Minimis PUD
Duncannon. PA 17020
Employment Stability
Convenience to Employment
Convenience to Shopping
Convenience to Schools
Adequacy of Public Transportation
Recreational Facilities
Adequacy of Utilities
Property of Compatibility
Protection from Detrimental Conditions
Police and Fire Protection
General Appearance of Properties
Appeal 10 Market
Good Av
X
X
X
X
Location X Suburban Rural
Built Up X 25% to 75% Under 25%
Grcw\h Rate 0 Fully Dev. X Steady Slow
Property Values Stable Declining
Demand/Supply X tn Balance Oversupply
. Marketing Time X Under 3 Mas, 4-6 Mos. Over" Mos.
: Present land Use~%1 Famity --L %2-4 Family --L % Apts-L % COndo-L % Commercial
--1!L %Induslrial 40 % Vacant 21 % Agriculture
~ Change In Present Land Use DNot Ukely -ru Ukely(') 0 TaKing Place (')
(:lftom VacanVAg. To Homesites
Predominate Occupancy W Owner o Tenant ~ % Vacant
Single Family Price Range S 50,000 to S 400,000 Predominanl Value $ 125,000
Single Family Age ~ Yo5 to .....!.!!L yrs. Predominant Age 45 yrs
X
58 acres mlt Comer Lot
Present Improvements OdO Odo not conform to zoning regutations
Stee mountain land
Address
Ins ection Pub. Record
DESCRIPTION
2-19-07
Suburban
WoodlandlAv
58 acres m/I
Old shed- no value
None/None
Public/Poor
None
1--
c===
ses. It is too hill for an kind of develo men!. The
to build on does not command a hi h rice, The real
to be $
107000
Slate ---'=L
State
Stale
Slate
Page of 8
L. W. BRODISCH REAL ESTATE
MULTI PURPOSE SUPPLEMENTAL ADDENDUM
FOR FEDERALLY RELATED TRANSACTIONS
File No. Kagarise-L
Case No.
Borrower/Client None
Property Address Glutz Hole Road
City Duncannon County
Lender Cleint-Estate of Lois M. Kagarise
Perry State PA Zip Code
Address clo Jerry Philpott. Esq.. P.O.Box 116. Duncannon. PA 17020
This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a con-
venient way to comply with the current appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC).
the Office of the Controller of Currency (OCe). The Office of Thrift Supervision (OTS). the Resolution Toost Corporation (RTC)
and the Federal Reserve.
This Multl-Purpose Supplement Addendum is for use witb any appraisal. Only tbose
statements wbicb bave been cbecked b~' the appraiser apply to the property being appraised.
IEllpURPOSE & FUNCTION OF APPRAISAL
The purpose of the appraisal is to estimate the market value of the subject property as defined herein. The function of the appraisal is to
assist the above-named Lender in evaluating the SUbject property for lending purposes. This is a Federally related transaction.
IElIEXTENT OF APPRAISAL PROCESS
[I] The appraisal Is based on the information gathered by the appraiser from public records, other idenlified sources. inspection of the
subject property and neighborhood. and selection of comparable sales within the subject market area. The original source of the com-
parables is shown in the Data Source section of the market grid along with the source of confirmation, If available. The original source
is present first. The sources and data are considered reliable. When conflicting information was provided, the source deemed most
reliable has been used. Data believed to be unreliable was not included in the report nor used as a basis for the value conclusion.
[] The Reproduction Cost is based on
supplemented by the appraiser's knowledge of the local market.
D Physical depreciation is based on the estimated effective age of the subject property. Functional andlor external depreciation. if
present. is specifically addressed in the appraisal report or other addenda. In estimating the site value. the appraiser has relied on
personal knowledge of the local market. The knowledge Is based on priorfor current analysis of site sales and/or abstractions of site
values from sales of improved properties.
[R] The subject property is located in an area of primarily owner-occupied single family residences and the Income Approach is not consi-
dered to be meaningful. For this reason, the Income Approach was not used.
D The Estimated Market Rent and Gross Rent Multiplier utilized in the Income Approach are based on the appraiser's knowledge of the
subject market area. The rental knowledge is based on prior andlor current rate surveys of residential properties. The Gross Rent
Multiplier is based on prior and/or current analysis of prices and market rates for residential properties.
[] For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to pro-
ject future rents. vacancies and expenses.
IEllsUBJECT PROPERTY OFFERING INFORMATION
According to Attorney
~ has not been offered for sale in the past 30 days.
I is currently offered for sale for $
was offered for sale within the past 30 days for $
Offering Information was considered in the final reconciliation of value.
Offering information was not considered in the final reconciliation of value.
Offering information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later In
this addendum.
the subject property
IEllsALE HISTORY OF SUBJECT PROPERTY
According to Public Records the subject property:
8 has not transferred in the past twelve months. X has not transferred in the past 36 months.
has transferred in the past twelve months. has transferred In the past 36 months.
All prior sales which have occurred in the past months are listed below and reconciled to the appraised value. either in the body
of the report or in the addenda.
Date Sales Price Document # Seller Buver -I
i
-i
I
IElIFEMA FLOOD HAZARD DATA
Name of Communit
Wheatfield Townshi
lhe community does not participate in the National Flood Insurance Program.
The community does participate in the National Flood Insurance Program.
It is covered by a regular program.
It is covered b an emer enc ro ram.
I'W-70M November 1991 ClickFORMS Appraisal Software 800-622-8727
~ulri"PulOO:iC Suonle:menlal A.ddendmn Page 1 o( 2.
Page 4 of 8
L. W. BRODISCH REAL ESTATE
File No. Kagarise-L
Case No.
IEllcURRENT SALES CONTRACT
[R] The subject property Iscurrllntly not under contract.
o The contract and/or escrow Instructions were not available for review. The unavailability of the contract Is explained later in the
addenda section.
o The contract and/or escrow Instructions were reviewed. The following summarizes the contract:
Contract Date Amendment Date Contract Price
Seller
EJ The contract indicated that personal property was not Included in the sale.
J The contract Indicated that personal property was included. It consisted of
Estimated contributory value Is $
~ Personal property was not Included in the final value estimate.
Personal property was included in the final value estimate.
The contract indicated no finanCing concessions or other incentives.
The contract indicated the following concessions or incentives:
[] II concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made, if
applicable, so that the final value conclusion is in compliance with the Market Value defined herein.
IEIIMARKET OVERVIEW Include an explanation of current market conditions and trends
3-6 month(s) is considered a reasonable marketing period for the subject property based on type of real estate.
IElIAODiTIONAL CERTIFICATION
The Appraiser certifies and agrees that:
(1) Their analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of
Profressional Appraisal Practice rUSPAP"j. and in accordance with the regulations developed by the Lender's Federal Regulatory
Agency as required by FIRREA, except that the Department Provisions of the USPAP do not apply.
(2) Their compensation is not contingent upon the reporting of predetermined value or direction In value that favors the cause of the
client, the amount of the value estimate, the attainment of a stipulated result, or the occurence of a subsequent event.
(3) This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan.
IElIADDITIONAL (ENVIRONMENTAl) LIMITING CONDITIONS
The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or
detrimental environmental conditions unless otherwise stated In this report. The appraiser Is not an expert in the Identification of
hazardous substances or detrimental environmental conditions. The appraiser's routine inspection of and inquires about the subject
property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental
conditions which would affect the property negatively unless otherwise stated in this report. It Is possible that tests and Inspections made
by a qualified hazardous substance and envlommental expert would reveal the existence of hazardous substances or detrimental
environmental conditions on or around the property that would negatively affect its value.
IEIIADDITIONAL COMMENTS
No accurate leQal description.
x .....
.
Appraiser's Signature Effective Date
Appraiser's Name (p nt) Laurence W. Brodisch
State PA 0 License [KJ Certification # GA.000869.L
Feb. 19,2007 Date Prepared March 20. 2007
Phone # (-2JL ) 567-6905
Tax ID # 23-2227557
_'CO.SIGNING APPRAISER'S CERTIFICATION
o The co-signing appraiser has personally Inspected the subject property, both inside and out, and has made an exterior Inspection 01
all comparable sales listed In the report. The report was prepared by the appraiser under direct superviSion of the co-slgning appraiser.
The co-signing appraiser accepts responsibility for the contents of the report including the value conclusion and the limitin9 condi-
lions, and confirms that the certifications apply lully to the co-signing appraiser.
~ the co-signing appraiser has not personally Inspected the Interior 01 the subject property and:
has not Inspected the exterior of the subject property and all comparable sales listed in the report.
has Inspectedthe exterior of the subject property and all comparable sales listed in the report.
The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts
responsibility for the contents of the report. including the value conclusions and the limiting conditions, and confirms thai the
certifications apply lully to the co-signing appraiser with the exception of the certification regarding physical inspections. The above
describes the level of inspection performed by the co,sigining appraiser.
o The co-signing appraiser's level of inspection, involvement in the appraisal process and certification are covered elsewhere in the
addenda section of this appraisal.
I_leO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
Co-Signing
Appraiser's Signature
Co-Signing A praiser's Name (print)
State License Certification #
FW-i'OM November 1991
Multi.P1lzp<>se Supplemental Addendum Page 2 of 2
Effective Date Date Prepared
Phone#(_ )
Trainee Tax to #
CllckFORMS Appraisal Software 800-622-8727 Page
5
of
8
L. W. BRODISCH REAL ESTATE
File No. Kagarise-L
Case No.
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 litle from seller to buyer under conditions whereby: (1) buyer and seiter 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)lhe 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; 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
inslilutionallender 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 judgment.
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 tor matters of a legal nature that affect either the property being appraised or
the title to it. The appraiser assumes that the tille is good and marketable and, therefore, will nol 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 thai 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 hazard 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 saHsfactory
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 \n 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,
Qr instrumentality of the United States or any state or the District of Columbia; exceplthat 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 Fonn 439 (6-93)
ClickFORMS Appraisal Software 800-622-8727
Fannie l.Aae FolTT't 10048 (6~93)
PaQe 6 of 8
L. W. BRODISCH REAL ESTATE
File No. Kagarise-L
Case No.
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 \s 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 besl 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 contingenl 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 perfonmed 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.
J 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 \ had market evidence to support them. 1 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.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraiser 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:
PA State Certified General Real Estate Appraiser
Glutz Hole Road, Duncannon, PA
APPRAISER:
Signature: /(/~t; ./k./J2."A
Name: Laurence W. Brodisch
Dale Signed: March 20, 2007
State Certification #: GA-000869-L
or State License #:
State: PA
Expiration Date of Certification or License:
SUPERVISORY APPRAISER (only if required)
6-30-07
Signature:
Name:
Date Signed:
State Certification #:
or State License #:
State:
Expiration Date of Certification or License:
o Did 0 Did Not Inspect Property
Freddie Mac Form 439 6-93
ClickFORMS Appraisal Software 800-622-8727
Fannie Mae Form 10048 6-03
Page 7 of 8
HOD-1 (OMB . 2~02-0 6~) - -
u ... ImPAIl'ftllDft' ow ROUSDfQ AND ~ D~.....-r s.~ 8'%A'1'mabft'
~YPIi or LOAJl 1. [] FHA 2.{1 FmHA 16. File Number: 07-02-06 7. Loan Number
3. [] CONV. UNINS. 4. [J VA 8. Mortgage Insurance Case Number:
5. [J CONY. INS.
NOl'E' This form furnishes a statement of settlement costs. l\IroUnts paid to and by the settlenoent agent are sho<oin. Items marked .. lp.o.c.)"
~re p~id outside the closing; they are shown for informational purposes and are not included in the totals.
NOTE: TIN-Taxpayer '5 Identification Number.
O. NAME . ADDRESS OF BORROWER: E. NAME, ADDRESS . TIN OF SELLER: F. NAME AND ADDRESS OF LENDER:
Name: Zdenko Kezic Name: Estate of Lois M. Kagarise,
Sandra M. Philpott, Ado in.
Street: 25 S. Hanover Street, H Street: PO Box 116
ity: Carlisle City: Duncannon H. SETTLEMENT AGENT: NAME, ADO. &TI
Ist.Hip: PA 17013 St. . Zip: PA 17020 Jerry A. Philpott, 23-2466417
Transferor's Identification)E I N 227 No. High Street, POB 116
Number: 102-618306 Duncannon, PA, 17020
PROPERTY LOCATION: 1426 Bradley Drive, PLACE OF SETTLEMENT: 1. SETTLEMENT DATE:
-114, Carlisle, Cumberland County, PA
227 No. High st.. Cuncannon, PA July 5, 2007
~ or 1IOIl-.R' B 'ftUlNSACTIOIl It. SmeGRX or Bm.LU' S 'nWllSACTIOIl
00. GlIIOBB AMOUIlT DUJ: nu:I( 1IClRROWZR: 400. QROBB MIOUlI'r DUJ: TO Bm.LU:
01. Contract sales price $ 81,000.00 401. Contract sales price $ 81,000.00
02. Personal Property 402. Personal Property
03. Borrower's settlement charges (Ii e 928.50 403.
400)
104 404.
OS 405.
~djustments tor items paid by seller in advance Adjustments tor items paid by seller in advance
106. City/town taxes 406. City/town taxes 0.00
01. County/Twp. taxes 07-05-07 to 12/31/07 106.20 401. Count.y/'t'wp. taxes 07-05-07 to 12/31/07 106.20
08. Assessments to 0.00 408. Assessments to 0.00
109. 0.00 409. 0.00
110. 410.
11. 411.
112. 412.
13. 413.
20. GROSS AMOUNT DUE FROM BORROWER 82,034.70 420. GROSS AMOUNT DUE TO SELLER 81,106.20
2
-.d.m l. MPOftU ~ g'l'lmmlT
""\'
~OO. >>IOUIl'!B I'Am BY OR IN BIlIIALI' or lI01UlOlISl\: 500. UDUCTIONS IN AKlUNT DUJ: TO Bm.LU:
~Ol. Deposits or earnest money 1000.00 SOl. Exces s deposit (see instructions) 1000.00
02. Principal amount of new loan(s) 502. Settlement charges to seller tline 400) 1,072.13
03. Existing loan(s) taken subject to 503. Exis ting loan (s) taken subject to
04. 504. Payoff of first mortgage loan-Sove ign 25693.86
Bank- Acct. 10356120322
OS. 50S. Payoff ot second mortgage loan
06. 506.
07. 507.
08, 508.
09. 509.
~djustments for items unpaid by seller Adjustments for items unpaid by seller
10. City/town taxes to 0.00 510. City/town taxes to 0.00
11. County taxes to 0.00 511. County taxes to 0.00
12. Assessments to 0.00 512. Assessments to 0.00
13. 0.00 513. 0.00
14. HO Dues 7/1/07 to 7/4/07 10.32 514. HO Dues 7/1/07 to 7/4/07 10.32
IS. School taxes 7/1/07 to 7/4/07 8.82 ~15. School taxes 7/1/07 to 7/4/07 8.82
16. 516.
17. 517.
18. 518.
19. 519.
20. TOTAL PAm BY/raP. IIOU(lIml 1,019.14 520. ~ RllDUCTIOIl MIOUlI'r DUJ: nLLUl. 27,785.13
00. CABK AT B~ nai/TO IIOJUIOIIKIl. 600. CABK AT nT'rLDGll1'r TO/7na4 Bm.LU
01. Gross amount due from borrower (1 ne 82,034.70 601. Gross amount due to seller (line 42 ) 81,106.20
120)
302. Less amounts paid by/for borrower (line 1,019.14 602. Less reductions in amount due sell 27,785.13
20) (line 520)
303. CABK [X] 7na4 [] TO IlClIlROWD. 81,015.56 603. CABS [X] TO [] 7na4 nLLUl. 53,321.07
SUBBTITll'1'B I'OJlK 1099 SZLLZR STA~
The information in Blocks E, G, H, I . line 401 (or, if line 401 is asterisked, line 403 and 404) is ~rtant tax information and is being
furnished to the Internal Revenue Service. If you are required to file a return, a sanction will be ~sed on you if this item is required
to be reported and the IRS deteIlllines that it has not been reported. If this real estate is your principal residence, file Form 2119, sale
or Exchange of Principal Residence, for any qain, with your incane tax return; for other transactions, cmJllete the applicable parts ot Forni
4797, Form 6252 and/or Schedule 0 (FO"'" 1040) . You are required to provide the Settlement !\.gent (named above) with your correct taxpayer
identification l1Ullt)er. If you do not provide the Settlement Agent wit.h your taxpayer identification number, you may be subject to civil or
criminal penalties i.mpo aw Under penalties of pe1:jury, I certify that the n\1ltt)er shown on this statement is my correct taxpayeI
i ification n ere
(Seller)
L SIi'!'fLllMPl'r ClllUUaiS
.
00. Total Sal../Broker'. Co.-1..1on based on @ % PAID J'ROM 1lORlIOIIml' S PAID J'ROM SSLLIi 1lI
rice $ I'UIlDS AT RTTLDCDT I'UIlDS AT
ivision of Commission (line 700) as follows: SBTTLDIINT
01.$ to
02.$ to
03. commission paid at settlement 0.00
04.
800. X'fDIII l'~ Dr CQIOIJtCTXOK WJ:TB LONf
~Ol. Loan Origination Fee
02. Loan Discount
03. Appraisal fee
04. Credit Report
05. Lender's Inspection Fee
06. Mortgage Insurance Application Fee to
07. Assumption Fee
08.
09.
10.
11.
00. I_ ~RSIl BY r.mmn TO IlII PAm DI ~
Ol. Interest
902. Mortgage Insurance Premium
03. Hazard Insurance Premium
904.
000. _S DU'OSIDD WJ:TB r.mmn
DOL Hazard insurance months @ $ per month 0.00 111111111111
002. Mortgage insurance months @ $ per month 0.00 111111111111
1003. City property taxes months @ $ per month 0.00 111111111111
004. County property taxes months @ $ per month 0.00 111111111111
005. Annual assessments months @ $ per month 0.00 111111111111
006.
007.
008.
100. TI!1'LII CIIARQIS
101. Settlementlclosing fee to
102. Abstractltitle search to
1103. Title examination to
1104. Title insurance binder to
105. Document preparation to
106. Notary fees to
107. Attorney I s fees to
(includes above item numbers 11111111111111111111111111111111111
1108. Title insurance to
(incl udes above item numbers )
1109. Lender's coverage $
110. OWner's coverage $
111.
112.
113.
200. oovmuacaT UCOllDDrC; UIl TI\AIISlI'IIll. CIIIo.J\a&S
201. Recording fees: Deed $38.50 Mortgage $ Release $ 38.50
202. Citylcounty tax/stamps: Deed $ Mortgage $
203. State tax/stamps: Deed $ Mortgage $
204. 2% Realty Transfer Tax 810.00 810.00
1205.
300. AIlIlITXORAL SftTLDdIIT CIIIo.J\a&S
301. Sewer Due -April 15~ - July 4~ to North Middleton Authority 95.88
302. OVernight Fee to Postmaster-Payoff to Sovereign Bank 16.25
1303. Resale Certification to Pheasant Run Condo Assoc. 50.00
1304. Roof Repair Balance OWed to Pheasant Run Condo Assoc. 100.00
305. H.O. Dues for July to Pheasant Run Condo Assoc. 80.00
400. TOTAL SETTLEMENT CHARGES (this number transfers to lines 103 & 502 above) 928.50 1,072.13
CZlI.'rJ::rI~ION
HUD-l Settlement Statement and to the best of my knowledge and belief, it is a true and ace
made on my account or by me in this
Seller
tra~ I f7ther cWify,that I have received
e.~p.t:.9 /f -rjo1 C-- Borrower
Zdenko Kezic
Borrower
Seller
knowledge the HOD-l settlement Statement which I have prepared is true and accurate account of the fund
will be disbursed by the undersigned as part of the settlement of this transaction.
Settlement Agent 07-05-07 Settlement Date
knowingly make false statements to the United States on this or any other similar form. Penalti
fine and imprisonment. For detailS see: Title 18 U.S. Code Section 1001 and Section 1010.
--.
REV-1508 EX+ (6-98)
'*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
LOIS M. KAGARISE
FILE NUMBER
2107-0196
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
1 . Cash
225.00
2. M&T Bank-Checking Acct. #
3. Wachovia
24,628.38
126,177.85
557.00
4. 2006 Federal Tax Refund
5. Reimb. of 2007 County-Twp. Taxes
106.20
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed. insert additional sheets of the same size)
151,694.43
REV-1511 EX+ (12-99).
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
LOIS M. KAGARISE
FILE NUMBER
2107-0196
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
1.
FUNERAL EXPENSES:
Ronan Funeral Home
Ronan Funeral Home-Headstone Engraving
Martha's Place-Funeral Luncheon
Allegro Vineyards
George's Flowers
1,118.40
312.20
952.05
116.60
471.70
2.
3.
4.
5.
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City
State
Zip
Year(s) Commission Paid:
2. Attorney Fees
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
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Leslie Perry-cleaning of house in prep. of sale
8. Estate checks & deposit slips
9. Sandy Miller-packing boxes
10. 2007 CountylTwp. taxes-Perry County property
11. PP&L
See Attached Sheet
341.00
75.00
110.76
61.47
60.03
168.60
5,012.84
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
8,800.65
ESTATE OF LOIS M. KAGARISE
SCHEDULE H cont'd
);:ST AT);: #2107-0196
12. Larry Brodisch-Appraisal of Perry County property $300.00
13. The Sentinel-Estate Notice 151.55
14. Patriot News-Estate Notice 226.62
15. Diversified-Appraisal of Cumberland County property 250.00
16. Sovereign Bank-Mortgage payments-Mar-Apr. 2007 726.92
17. Pheasant Run-Condo Fees 200.00
18. North Middleton Authority-Water/Sewer 83.90
19. Carlisle Sentinel-advertising-sale of condo 124.32
20. Donegal Mutual-homeowners insurance 92.00
21. Sovereign Bank-May 2007 351.64
22. Addl Real Estate Taxes-2007 County/Twp. 52.34
23. Ronan Funeral Home-Additional Death Certificates 61.00
24. Pheasant Run-May Condo Fees 100.00
25. Harry Conrad-haul trash 50.00
26. North Middleton Authority-Water/Sewer 79.90
27. Leslie Perry-Final Cleaning of condo 130.00
28. Stanley Steemer-carpet cleaning 189.74
29. Pheasant Run-June Condo Fees 100.00
30. Sovereign Bank-June Mortgage 351. 64
31. Senad Camdzik-Finder's Fee-Sale of Condo 300.00
32. 1 % Realty Transfer Tax-Sale of Condo 810.00
ESTATE OF LOIS M. KAGARISE
ESTATE #2107-0196
33. North Middleton Authority 4/15-7/4 Sewer Service $95.88
34. Postmaster-Fee to overnight mortgage payoff 16.25
35. Pheasant Run Condo AssoC.-Resale Cert. 50.00
36. Pheasant Run Condo Assoc.-Roof repairs 100.00
37. Pheasant Run Condo AssoC.-Homeowner dues 7/1-7/4/07 10.32
38. School Taxes-7/1-7/4 8.82
REV-l512 EX+ (12-03) _
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF
LOIS M. KAGARISE
FILE NUMBER
2107-0196
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
BETRA IN-HOME care
3.
Embarq-Final Bill
1,728.13
25,693.86
94.32
2.
Sovereign Bank-Payoff of Mortgage-Condo
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
27,516.31
REV.1513 EX+ (9-00)
'*
SCHEDULE J
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
LOIS M. KAGARISE
FILE NUMBER
2107-0196
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1. Sandra M. Philpott, 652 Glutz Hole Road. Duncannon, PA 17020 Daughter 100% Residue
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
LAW OFFICE OF
JJ~~~W ~D ~~~[L~)(Q)UU
Jerry A. Philpott, Esquire
ATTORNEY-AT-LAW
227 No. High St., PO Box 116
Duncannon, PA 17020-0116
717 834-3087
FAX 834-5437
August 20, 2007
Register of Wills
Cumberland County Courthouse
One Courthouse Square
Carlisle, P A 17013
Re: Estate No. 2107-0196
Lois M. Kagarise
Dear Register:
Enclosed please find the Inheritance Tax Return for the above referenced estate. Please
return a date-stamped copy in the enclosed envelope.
Thank you.
Jerry A. Philpott
Ene!.: Inheritance Tax Return (3)
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