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Home My WebLink About12-19-07 Future Interest Compromise (date of death after 12-12-82) Decedent Maintained a Living Trust D- 8. Total Number of Safe Deposit Boxes (Attach Copy of Trust) Spousal Poverty Credit (date of death 0 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number .-.J 15056041158 REV-1500 EX(06-05) PA Department of Revenue Bureau of Individual Taxes PO BOX 280601 Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death OFFICIAL USE ONLY County Code Year 21 07 File Number 1040 INHERITANCE TAX RETURN RESIDENT DECEDENT Date of Birth 165-26-5532 08222007 D1121934 Decedent's last Name Suffix Decedent's First Name CRUSEY DONALD (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW []] 1. Original Return D 4. Limited Estate D 6. Decedent Died Testate (Attach Copy of Will) D 9. litigation Proceeds Received D o D 2. 04a. D 7. 010. 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required Correspondent's e-mail address: Under penalties of perjury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PER N RES? NSI E OR FliNG RETURN DATE I~ /'1 Supplemental Return DAVID K. KRUFT, ESQUIRE 717-233-5731 Firm Name (If Applicable) RHOADS & SINON LLP REGISTER OF WILLS USE ONLY ,...,.) ~0-~~ -,..~ .:-.:-) 1'1 C) C) ::.J 1J .':~ C) First line of address p. O. BOX 1146 j -", I .>"~n :;:;~ './ (3 ~;~ DAti BLED Second line of address City or Post Office State ZIP Code HARRISBURG {2 PA 17108-1146 ADDRESS C/ORHOADS SINON LL , PO BOX 1146 HARRISBURG, PA ~AR~~EPRESENTATNE RHOADS & SINON LLP, PO BOX 1146 HARRISBURG, PA PLEASE USE ORIGINAL FORM ONLY Side 1 L 15056041158 6M4647 3.000 15056041158 MI E MI (J'J \.D .-:-r~J fir I C) C) .....C) i~;.~ C::J (-j -:.;::", ~ -i-'j '-. - c''') I . lTl u:: ~;;:;~ -0 -..:;;.... --:..i:l. .-.J ~'^ .-J 15056042159 REV-1500 EX Decedent's Name{ R USE Y RECAPITULATION 1. Real estate (Schedule A) . 2. Stocks and Bonds (Schedule B) . 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C). . . . . . 3. 4. Mortgages & Notes Receivable (Schedule D). . . . . . . . . . . . . . . . . . 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E). . . 5. 6. Jointly Owned Property (Schedule F) D Separate Billing Requested . 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) D Separate Billing Requested . 7. 8. Total Gross Assets (total Lines 1-7). . . . . . . . . . . 8. 9. Funeral Expenses & Administrative Costs (Schedule H). . 9. 10. Debts of Decedent. Mortgage Liabilities, & Liens (Schedule I). 10. 11. Total Deductions (total Lines 9& 10). .......... 11. 12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . 12. 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J). . . . . 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) .. . . 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 ta)(2ble at the spousal tax rate. or transfers u~er See. 9116 (a)(1.2) X .0_ 0.00 16. Amount of Line 14.1a)(2ble at lineal rate X .O~ 0 . 00 17. Amount of Line 14 ta)(2ble at sibling rate X .12 0 · DO 18. Amount of Line 14 ta)(2ble at collateral rate X .15 8 3 8 5 3 . 51 19. TAX DUE . . . . . . 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 15056042159 6M46462.000 Decedent's Social Seeurity Number 165-26-5532 DONALD E . . . . 1. 0.00 0.00 0.00 . . . . 2. 0.00 0.00 148392.73 0.00 148392.73 14129.03 50410.19 64539.22 83853.51 0.00 83853.51 15. 0.00 16. 0.00 17. 0.00 18. 12578.03 19. 12578.03 []J 15056042159 ---I REV-1500 EX Page 3 File Number 1040 Add Decedenfs Complete ress: DECEDENrS NAME CRUSEY DONALD E STREET ADDRESS 406 NORTH 21ST STREET CUMBERLAND CITY I STATE I. ZIP CAMP HILL PA 17011- Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 12578.03 0.00 11987.00 630.89 Total Credits (A + B + C) (2) 12617.89 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 0.00 39.86 TotallnterestJPenalty (0 + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill In box on Page 2, 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) 0.00 0.00 A. Enter the interest on the tax due. (SA) 0.00 B. Enter the total of line S + SA. This is the BALANCE DUE. (58) 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: a. retain the use or income of the property transferred; . . . . . . . . . . . . . . . b. retain the right to designate who shall use the property transferred or its income; c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . . d. receive the promise for life of either payments, benefits or care? ......... 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . 4. Did decedent own an Individual Retirement Account. annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes D D B D D D No 00 ~ 00 00 [Xl [Xl IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE rr 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. 99116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995. the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. 99116 (a) (1.1) (ii)). The statute does not exemot 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 use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. 99116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. 99116(1.2) [72 P.S. 99116(a)(1)). The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. 99116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 6M4671 1.000 REV-1509 EX+ (6-98) ~EAL TH OF PENNSYLVANIA N-ERITANCE TAX RETURN RESIJENT DECEDENT ESTATE OF SCHEDULE F JOINTL V-OWNED PROPERTY FILE NUMBER Donald B. Crusev 21 07 1040 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVNG JONT TENANT(S) NAfI.E ADDRESS RELATIONSHIP TO DECEDENT A Lippy, Jr., George A 406 North 21st Street, Camp Hill, PA 17011 Friend JOINTL y-oWNED PROPERTY: LETTER DATE DESCRJPOON OF flROR:RTY %OF DATE OF CEA TH ITEM FOR JOIN ~DE INCWOE NAME OF FINANCIAL INSTITUTION ANO"BANKACCOUNT DATE OF DEATH DECO'S VALUE OF NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR NUv'Bffi TENANT JONT JOINTLY-HELD REAL ESTATE. V ALUE OF ASSET INTffiEST DECEDENT'S ~T 1 A Various Household furniture and furnishings 8,023.00 50.0000 4,011.50 Valued per attached appraisal 2 A 3/10/2005 1994 Dodge Grand Caravan SB, 121,000 miles, used as work van Valued per Kelley Blue Book 585.00 50.0000 292.50 3 A 3/28/1982 M&T Bank Checking Acct. #55949665 59,259.11 50.0000 29,629.56 4 A 10/7/2007 Residence, 406 North 21st Street, Camp Hill, PA, cumberland County Deed Book 113, page 194, et seq. 179,000.00 50.0000 89,500.00 Valued per attached appraisal 5 A 3/28/2005 M&T Bank Certificate of Deposit #031003913327176 32,437.43 50.0000 16,218.72 6 A 8/21/1995 M&T Bank Certificate of Deposit #031003914503981 17,480.89 50.0000 8,740.45 TOT Al {AJ~n AntAr nn linA R - ~ 148,392.73 (If roore space is needed. insert additional sheets of the same size) 3W46AE 1.000 REV-1511 EX + (12-99) SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Donald E. Crusey ITEM NUMBER A. B. 3W46AG 1.000 Debts of decedent must be reported on Schedule I. DESCRIPTION 1. FUNERAL EXPENSES: St. John. s Cemetery Cost of cemetery lot and grave opening fee Total from continuation schedules . . . . . . . . . 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees Rho ad s & Sinon LLP 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 Pre parer's Fees 7. 1 Re/Max Realty Associates, Inc. Appraisal of real property Total from continuation schedules . . . . . . . . . FILE NUMBER 21 07 1040 TOTAL (Also enter on line 9. Recapitulation) $ (If more space is needed, insert additional sheets of the same size) AMOUNT 1,200.00 10,789.03 1,750.00 300.00 90.00 14,129.03 165-26-5532 Estate of: Donald E. Crusey Item No. 2 3 4 Schedule H Part 1 (Page 2) Description Amount Myers-Harner Funeral Home, Inc. Funeral and burial expenses 9,410.50 Blooms by Vickrey Funeral flowers 352.45 Premier Catering, Inc. Funeral luncheon 1,026.08 Total (Carry forward to main schedule) 10,789.03 Estate of: Donald E. Crusey 165-26-5532 Schedule H Part 7 (Page 2) 2 Register of Wills, cumberland County, filing fee, PA Inheritance Tax Return 15.00 3 Rhoads & Sinon LLP Reserve for out-of-pocket expenses 75.00 Total (Carry forward to main schedule) 90.00 REV-1512 EX + (12-03) COMMONWEALTH OF PENNSYLVANIA INHERrTANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Donald E. Crusey SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER 21 07 1040 Report debts Incurred by the decedent prior to death which remained unpaid as of the date of death, Including unrelmbursed medical expenses. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH Wells Fargo Home Mortgage Acct. #0672322500 One-half joint obligation on joint asset (total due at date of death $99,046.03) 49,523.02 2 West Shore EMS - ALS Emergency medical services 887.17 3W46AH 2.000 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 50,410.19 REV-1513 EX+ (9-00) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Donald E. Crusev 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)] George A. Lippy, Jr. 406 North 21st Street Camp Hill, PA 17011 Decedent's one-half interest in jointly held assets, less funeral and administration expenses, which were paid from joint assets because there were insufficient estate assets to pay said funeral and administration expenses. RELATIONSHIP TO DECEDENT Do Not List Trustee(s) FILE NUMBER 21 07 1040 AMOUNT OR SHARE OF ESTATE Friend 83,853.51 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" - 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 DONALD E. CRUSEY Date of Death: 08/22/2007 Social Security No: 165-26-5532 Pennsylvania Inheritance Tax Return Index to Exhibits 1. Appraisal, household and personal articles 2. Appraisal, real property, 406 North 21 st Street, Camp Hill, P A 673990.1 .OSE eARlE'S Antiques Specializing in ESTATE ITEMS JEWELRY, DIAMONDS & WATCHES 2136 MARKET STREET. CAMP HILL, PENNSYLVANIA 17011 . (717) 763-8998 October 20, 2007 Re: Estate of: Donald E. Crusey To Whom it may Concern: Pursuant to your request, on October 1, 2007, I inspected items in the Estate of Deceased, located at 406 N. 21st Street, Camp Hill, Pa 17011. Based on my experience as an antique dealer for over thirty-five years, it is my opinion that the value for estate evaluation purposes of the inspected items is as follows: Familv Room Sectional.. II.......... II...................... II II...... II... II... I..... 11.1........1.........1........... II.. II... ......... .500.00 (2) Chai rs................................................................................................... ."............. ..100.00 (3) Area Rugs............................................................................................................ 60.00 Coffee Table...... II........ II... 11.11........ II... II.................... II...... II II... ... I' II... II...... .~: II........ II' 30.00 (2) End Tables......................... II............... II II........... II.......................... II.................... 90.00 TV Ca bi net................................................................................................................. 20.00 Sofa Table......I.................... II....... 11., I '" ,..,....,................. ,............,......................... ~.... 75.00 Cu ri 0 Ca bi net...... I I................ I............... I. I.... I...... ". I................ ,.,.... ,., I '" ,.,.. I I......... I.... 50.00 Chest of Drawers....................................................................................................... 50.00 Pictu res. I.................. ". I.................. I.... I...... II.. I... ,...,. I.... I....... I............ I... I ,.....,... '" I I... .110.00 (2) Benches... I..... '" I.............. '" I...... I............. I................. ,.,... I... " I.... ....,.... ,.,..... I I I...... 25.00 (2) Side Tables............ ........................ ..... ................. ................ ...................... ........... 30.00 Plant Sta nd I.................... I I... I............ I I.......... ,.,1.... ,.,.,., ,.,.. I.. II. I........ II I...... I................ 5.00 Mirror..........,... " ... I...... ... .,. .... ...... ..... ... II' I.... .............. ....... ....... ... ..... ........ ..... ... ........... 30.00 (6) Pictures................................................................................................................ 90.00 Tea pot Collection.................................................. I......... I................. I................. I..... .168.00 Pia no Stool......... I........................................................................ I.......... I.......... '" I... " 10.00 Cord less Phone........................................................................................................... 5.00 Clock........................................................................................................................... 50.00 Decorative Plates...................................................................................................... .125 .00 (4 )Lamps...................... ............. ...... ......... .............. ........ ........ ....... .............................. 60.00 Son y 27" TV................................................................................................................ 25.00 Dinino Room: Di ning Room Suit......... II......... II........................ II..................... 11.11................. 11...........700.00 (2)Small Tables.. II... II............. II..... II.. II 11.11 I" II.... II II... II...... II ... II..... .............. II........... II II 30.00 Pictu res....................................................................................................................... 60.00 Tea pot Collection........................................................................................................ 230.00 Pitchers...................... II II......... II..... II........... I............ ........... II ... II.... II........ I....... II... II II... 90.00 Bowls................ II I............ 11.11.11.................. I I I I I II I I I I" I 1.1..1.. 1.1... 1.1.. I I.... I II I 1.1 I I I I II.. I... I I.... I I I 35.00 Decorative Plates......................................................................................................... 75.00 Chi na( 8placesettings).. 1.....1... I" I... 1.1... I" 1....1... I... 1.1.. I" I............ 1.1 1....1..1 I 1..1 I II... I.... 11.1. ...3 75.00 Stemware.................................................................................................................... .150.00 {6 )Crystal Bowls..................................................................................... ~..................... 60.00 (6 )Glass Decanters........ I.. I.... I... 1...........1.... I... I........ I I... 1.....1...... I I" I I... I 1.1.. I 1.1... I 11.1.1. ..... 60.00 Kitchen: Upper Cabinets Everyday Glasses and Plates.............. .............. ........... .......... .......... .................... 25.00 Bottom Cabinets Pots, Pans and Misc........I. 1.1.1 I I 1.1 1.1 I 1'1 I 1...1...... 1.1...1.. I" I... I........ II...... 1..........1. I.... I' 25.00 Counters Mr. Coffee and Electric Can opener.................................................................... 5.00 Decortative Plates.. I.... I.... I" I I" I.... I I 1'1 I I II I 1.1.1... I I" I 1.11 1.1.1..1 I I I I I............ I I I I........... I I I 1....1... I 20.00 Entrv Wav: Clothes Tree......... I....... I... I" 1..1 1...1.... I... I I" I I I.. I" 1.1 I II I........ 1.1.. I" I I... II.. II... 1...1. I 1.1.11 ......1.1 I' 20.00 Cha i r I I... I.... I I" I I" I I I I I I I 1'1 I..... I... I' I...... I.... I 1.1.. I.... I I... 1.1.. I..... 1.1.... I 1'1 1.1.. I...... I I.... I..... I" I I... 1.1. 10.00 Picture........................................................................................................................... 20.00 Umbrella Stand............. I" I. I 11.1 I.... 1.1.. I I 11.1..1... I... 1.1 I 1'1 I.... I... 1.1.1 I... I" I I II ...... I......... Ii. I I I I 1..1 I' 5.00 Livino Room: (3 )Area Rugs.. I I. I..... II.. 1......1.... I... I' I" I II....... I............ I I.. I" I.... I I" I 1.....1..... I' I... r...... ....1 II..... 90.00 Sofa.. 1.1........ II...... I.......... I I. I... I 1.1 1...1 I" I.... I...... I 1.1.. II 1.1 ...... I. I. 1.1.... I...... 1.1.......... .... 1...1..... I' 250.00 { 4 )Upholstered Chairs.................................................................................................. .120.00 Chest.............. I" I I" I... I I.......... I' I...... I.......... I... I 1.1....... I 1.1.... I 11.1... I" I. 1........1.1 I I I...... ... I I... I... 55.00 (2 )Tables", I....... I I I....... I........................ I........... I" II I I.... 1.11....... 1.1.11.11.1 I 1.11 1..............1..... I' 30.00 End Table...................................................................................................................... 25.00 Desk and Cha i r.... I" 1.1.. I.......... 1.1........... I... 1.1. I... I.... 1.1.... I..... I...... I......... I" I.... I.... I I" I I....... 75.00 Grandfather Clock.... I.... 1.1........ 1.1...... I... I... I" I..... 1.1.1.1... II I" I I" I" 1.1 II ... I" I I 1..1 I... I" II........ I' .150.00 Small Coffee Table........................................................................................................ 15.00 ( 4) Lamps....................................................................................................................... 40.00 (7) Pictures...... I..... I.... I. 1.1.11 I" I....... I.... I..... II... I" I....... I" I......... I... I' I 1..1... I' I I I... I' ............. II I .150.00 (20) Decorative Plates.................................................................................................... 200.00 {3} Mirrors....................................................................................................................... 45.00 Persona I Pi ctu res. I I.... I.... I.. I...... I... 1.1... I.... I...... I....... 1'1 I I I... I............................ I........... I.... 0.00 Bedroom 1: Bed.................................................................................................................................. 40.00 Dresser............................................................................................................................ 75.00 Armoi rei, 1.1....... I.............. I" I. I..... I...... I" I... I" I.... I.... I. 1.1..... I... I...... I...... I I I I" I" I.................. I" 80.00 (3) Cha i rs......................................................................................................................... 30.00 N ig htsta nd...................................................................................................................... 15.00 Area Rug...................................... I.................................................................................. Blanket Chest................................. .'............................................................................... (2) Pictures..........................I........................ ................................................................... 20.00 (2) Lamps......................................................................................................................... 10.00 15.00 25.00 Wash Basin and Bowl................. ............. ......... .... ............ ........ ........ ..... ........ ................. 50.00 35.00 0.00 0.00 (2)Crocks........................ I" I" 1.1 I I I I... I..... 1'1 I I.... I... I II I 11..1...1...... I" I' ..... .... I... ..... I....... 1........1 I Personal Clothes. 1.1........ I......... ......... I.... I....... 11....1.. 1.......1.1.... I... 1...1..... II.... 11.1 I II I. I.. 1...1... Personal Pictures........................................................................................................... Den: Computer Desk and Chair................ ........... ............... .............. ....... .............. ............ ..... 50.00 Emachine Destop Com puter.... I' I........ I.... I.... 1.1.1. I I I I. I I I...... I" I" I" I" I I' I I.... 1.11 I I" I... I......... I ..200.00 Washstand. I... I" II I' 1.1 I I" II... I...... I........ 1.11..1. I I" I 1.1.. I" I.... I' ... II 1.1.1 I I I" I I....... I' I I..... I I' II I I I I" 11..1. 20.00 60.00 30.00 30.00 50.00 30.00 7 5.00 25.00 New Duck Decoys.. I I.... I..... II.. I" I II I I.... II..... I... 1.11 I 1.1........... I... I... 1.1 II I 1.1...... I 11..1. II 1.1.1 11.1.... II 25.00 (12) Crocks....I. II I' ....1 I" I I.... I I... 1.1.1... I" I..... I" II I" ...... I.... I... I... I" I' I...... I............. I' I" 1...1 I' I " ... .120.00 (3) Pi ctu res. I . I . I' . . I . I . . . . . . . . . I I I . . .. I . I . . . . . . . . . . . . I . . I . . ~ I . . . . I . . I . . I I . . . . . I . . I' . I . . . . I . . I . . . I I . I . I . I . . . . . . . . . . . . I . I .. I .. .. I I Books.... I......... I.... ..... I................ I... I I' I.... I............ II... I.... I..... .... 1.1..... ........... 1.1...... 1.1 I I" I.... La mps. I I.... I I... 1.1 I... I........ I........ 1.1.. I..... I.............. I... I........ I......... I.... I I....... I... I" 1.1.. I... I... I.... (3 )Chai rs........................................................................................................................ Small Woo,d Chest. I"'" I' I..... I...... I" I I................... I II... I I.... I............... I" I' I" I.......... I...... I I" I I (2 )Hope Chests............................................................................................................... DVDS................. I" 1.1 1.1.... I.......... I I............... I............ I" I.............. I................. 1...1.1..... I....... Hallwav: Mirror..... I" I II I...... I 1.1.. I... 1.1.... ... I............. ... I" I' ....... I..... ... 11.1.. 1...1 1....1...... 1.1 I' 1.1 I I... I" I... I 11.11.. 25.00 Pictures............................................................................................................................ 20.00 (3) Decorative Plates........................................................................................................ 30.00 Hallwav Closet: Vacuu m. 1.1.1... 1.1.. I.... I... I" I" 1.1.. I.......... I........... I.............. I... 1.....1...... I...... .... ....... 11...1. ... I' 1..1.. 20.00 Miscellaneous Personal..... I" I" I..... II I........... I........... I" 1.....1... I...... ... I" I.... I" I.... .... I ....1 I 11..1 I" 0.00 Bathroom: Miscellaneous Personal and Towels. ............ ........... ... .... ... ....... ............. ..... ..... ......... ........ 10.00 Sun Porch: (2 )Wood Tables.. I..... 1....1......... 11.1.1...... I... 1........1....1... I....... I..... I..... 1., .... I........ ... I.... II........ II 75.00 (2 )Chai rs and Ottoman.................................................................................................... .150.00 ( 4 )Area Rugs.,. I... I............ I.... I.... I............ I I 1.1.1 I... I" 11.1..1 I........ I... I.. I........ 1....1.... I......... I I I.... I' 40.00 Desk.. 1.1..... I........... I..... I" I......... 1.1.................. I............... I" I..................... I.. I..... I.................. I 45.00 Storage Cupboard............................................................................................................... 15.00 Chest of Drawers. I..... I............ 1.,.......1............1... I............... 1.1.. I........... I I...... I.... ... I........ I" I" .35.00 (5)New Qu i Its......,... I II............. I....... I...... I 1.1..... I.............. I" I... I..... I.... II I" I........... 1..1 I... 1....1. II .60.00 La mp............... I....................... I.................. 1.1.............. ................................ I... I..... I I....... I..... .5.00 Assorted Fiesta Ware........................................................................................................ .450.00 Basement: One-Half Finished: Bed............................................................................................................................ . 50.00 (4 )Area Rugs.. .... .............. ......................... .............. ........... ..... .................. ....... .......... 80.00 LoveSeat and Chair II...... I" 1'1 I I.... ................................................ I................ I.............. 160.00 (2)Occasional Cjai rs................................................................................................... 60.00 Chest of Drawers.......... ..................... I.... II 1.1....... I.......... 1...1 ....1. II..... I.............. 1.1...... I' 50.00 (3 )Side Tables.... I...... I... I. -. 1..1..1..1.1.. I 1.1.1 I I I I" 1.1 I... 1.1.1 I I" 1'1 I I 1.1 II I.... I I" II I.... II... I.... I I I 1.1.. I" 60.00 ( 4) La mps.................................................................................................................... 20.00 (3 )Small Cha irs. I I" I I 1.....1 I.......... I...... I.... I 1.1.1 1..1..... .... 1.1.1.................... 1.1 I' 1.1 I" I......... .... 15.00 (10) Decorative Plates... I 1..1... I.... I I..... 1.1.... I' 1.1........................... I.. 1.1.11.1....... 1.1.. I 11.1 II I' .150.00 Santa Collection....................................................................................................... .100.00 Misc Christmas Decorations....................................................................................... 35.00 One-Half Unfinished: Miscellaneous Small Tools........................................................................................ 15.00 Power Tools.... I 1.1 I 1.1 I 1.1... 1.1... 1.1.. I...... I..... I" I I... I I... I... 1'1 I" 1.1 I I I....... I I I I...... I.... I" I...... I..... 60.00 Miscellaneous Household Items............................................................................... 10.00 Second Floor: Bedroom,Sitting Room and Bathroom(AII Vacant and Empty).......................................... 0.00 Outside: Shed: Mower........................................................................................................................ 25.00 Miscellaneous Tools. I I" I I..... I I...... I 1.1.1.1.1... I I" I.... II............. I........ 1.11. I.... I I" I 1.1.1 I" 1.1... I" 50.00 Snow Blowers... I...... I I I. I I" I..... 1'1 I I" I' I' I... 1.1.1.1..1. I....... 1.1 I I..... I..... 1.1.. I" I 11.1... I" II I 11.1..... I" 10.00 Patio Set. II I............. I I I' 1.1 II............................ 1.11.... 1.1. I ..1 1.1.... II.......... 1...1........... I" 1...1.... 35.00 TOTAL: $8,023.00 If you have any questions, please don't hesitate to call me. Thank you for allowing me to be of service in this matter. Sincerely, ~~~~ Rose Marie Salter Michael R En! (717) 730-3010 1FiieN0. 406170111 Pace #11 The purpose of this summary appraisal report is to provide !he lender/client with an accurate, and adequatBly supported, opinion of the market value 01 the subject property. PropertY Address 406 N. 21ST ST. City CAMP HILL State PA Zip Code 17011-2201 Borrower GEORGE LIPPY Owner of Public Record GEO. LIPPY & DONALD CRUSEY County CUMBERLAND Leaal Description DEED BOOK 113'194 Assessor's Parcel # 01-20-1854-074 Tax Year 2007 R.E. Taxes $ 2.561.00 Neiahborhood Name BOROUGH OF CAMP HILL MID Reference 01-20-1854-074 Census Tract 0104.00/3240 OccuDlflt ~ OWner [] Tenant r l Vacant Special Assessments $ 0 []PUD HOA$ [ per year [J per mon!h . ProP8l1Y Riohts Appraised 15<1 Fee Simple r 1 Leasehold r 1 Other (describe) Asslllnment Tvoe r 1 Purchase Transaction r l Refinance Transaction ~ Other (describe TO DETERMINE VALUE FOR DONALD CRUSEY ESTATE LenderlClient GEORGE LIPPY Address 406 N. 21ST ST. CAMP HILL PA 17011 Is the subiect prooertv currentlv offered for sale or has It been offered for sale in !he twelve months prior to the effective date of !his IDPraisal? r 1 Yes 1><1 No Reoort dllla source(s) used offerina Drice(s), and daters). CENTRAL PENN MLS. I 0 did 0 did not analyze the contract for sale for !he subject purchase transaction. Explain the results of the analysis of !he contract for sale or why the analysis was not performed. Contract Price $ Date of contract Is !he property seller the owner of public record? r 1 Yes r l No DIIIa Source(s) Is there any financial assistance Ooan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behaK of the borrower? Dyes DNo K Yes, report the total dollar amount and describe the Items to be paid. Note: Rice Ind the rlcill compoaltlon of the neighborhood are not Ippnallll fIctora. '" ''','' .-:~. '.", ',,'" ''J ',~~, ..~..' -'. . . ..' ;"'or' ',;. -~. ""-.-; I;t~..,:, :.,,~. , _..~~; - ,I" _ .0 - '. :>\ Location 0 Urban 15<1 Suburban r Rural I Property Values 5<] Increasina Stable Declining PRICE AGE One-Unit 65% Built-Up [J Over 75% 1><1 25-75% r Under 25% I Demand/SupDlv 1 ShortallB X In Balance OVer SuPPly $ (000) (vrs) 2-4 Untt 5% Growth [J Rapid ~ Stable r Slow I Marketlna Time 1 Under 3 mths X 3-6 m1hs Over 6 m1hs 100 Low 25 Multi-FamilY 10 % Nlliahborhood Boundaries CONODOGUINET CREEK TO THE NORTH, SUSQUEHANNA RIVER TO 350 Hioh 100 Commercial 20% THE EAST SIMPSON FERRY RD. TO THE SOUTH & ST. JOHNS CHURCH RD. TO THE WEST. 175 Prad. 40-80 Other % Neiahborhood Description SUBURBAN AREA WITH AVERAGE ACCESS TO SCHOOLS SHOPPING RECREATION AND EMPLOYMENT. SUBJECT NEIGHBORHOOD IS WITHIN 15 MINS. DRIVING TIME OF THE MAJOR JOB MARKET OF HARRISBURG THE STATE CAPITAL. Mar1cet Conditions (including support for 1IIe above conclusions I THE CENTRAL PENNSYLVANIA HOUSING MARKET CONDITIONS REMAIN GOOD DUE IN PART TO THE STATE CAPITAL COMPLEX AND SUPPORTING AGENCIES & BUSINESSES PROVIDING AMPLE EMPLOYMENT. VALUES ARE INCREASING. DEMAND & SUPPLY APPEAR TO BE IN BALANCE. AVERAGE MARKETING TIME CURRENTlY 60-120 DAYS. Dimensions 0.20 ACRE Area 0.20 ACRE Shaoe RECTANGLE MIL View AVERAGE Specific Zoning Classification R-1 Zonlna Descriotion RESIDENTIAL SINGLE FAMILY Zoning Compliance ~ Legal r l Leaal Nonconformina (Grandfathered Use) r 1 No Zonina r lIIeaal (describe) Is the highest and best use of subiect propertv as Improved (or as proposed per plans and specitlcationsl1lle present use? 15<1 Yes r 1 No tt No, describe UtIlities Public Other (describe) Public Other (deIcrIbe) 0ff-I1Ie Imlll'OV8lllllltl - Type Public PrIvate Electricttv 15<1 rl Water ~ [J Street MACADAM ~ [J Gas 15<1 rl Sanitary Sewer ~ [J Alley N/A [] [J FEMA Soecial Rood Hazard Area [ ] Yes ~ No FEMA Rood Zone C FEMA M8Il # 4203570001 B FEMA Map Date 12/11/1981 Are the utilities and off-site improvements typical for the market area? ~ Yes [ ] No K No, describe Are there any adverse site conditions or external factors (easements encroachments, environmental cond/lions, land uses, etc.)? [J Yes ~ No K Yes, describe NONE NOTED DURING INSPECTION. APPRAISER IS NOT EXPERT IN ENVIRONMENTAL MATTERS. i/ . .'-"':0' .' m.... dn l>>r':';",':':~r,.;~, .~;'.'" .. ;.,~~)~~ '~il"b;_i'lPuQri'Jir~4.tWI1~l1liIi ~~1~~'7'riIItfi1~~,i Units 15<1 One r lOne with Accessorv Untt 15<1 Concrete Slab r l Crawl Soace Foundation Walls BLOCK/AVERAGE Roors HW/CP/CTMN/AV # of Stories 1.5 ] Full Basement ~ Partial Basement Exterior Walls BRICK/ALUM/AVG Walls DRYWALUAVG Type 15<1 Det. r 1 Att. [J S-DetJEnd Unit Basement Area 1 120 sa.ft Roof Surface FIBER GL.SHIN/AVG Trim/Finish WD/PAINTED/AVG 1 ~ Existing [ J Proposed [ J Under Const. Basement finish 60 % Gutters & Downspouts ALUMINUMlAVG Bath Roor CARPETMNYLJAV Design (Style) CAPE COD ] Outside EntrY/EXIt [J Sump Pump Window Type WD/DBL.HG.lAVG Bath Wainscot CER.TILElAVG Year Built 1958 Evidence of [J Infestation Storm SasMnsulated ALUM.STORM/AVG Car Storaae I I None Effective Age (Yrs I 20 ] Dampness [J Settlement Screens YES tXI Drivewav # of Cars 2 Attic L J None Heating ~ FWA IL J HWBB Il I Radiant Amenities I I Woodstove(s) # Drivewav Surface ASPHALT J Drop Stair [J Stairs ] Other I Fuel GAS 115<1 Fireplace( s) # 1 [X] Fence RR. YARD l Garaae # of Cars 1 Roor [X] Scuttle Cooling 15<1 Central Air Condltionina 11><1 PatiD/Deck PATIO r l Porch 5<1 Camort # of Cars 1 J Finished o Heated o Individual Ir 1 Other o Pool ~ Other DECK ~Att. o Del o Built-In Appliances [ ] Refrigerator ~ Range/Oven ~ Dishwasher ~ Disposal ~ Microwave o WasherlDryer [J Other describe) Finished area above grade contains: 8 Rooms 4 Bedrooms 2 Bath(s) 2044 Sauare Feet of Gross Living Area Above Grade Additional features (special energy efficient items, etc.). STANDARD Describe 1IIe condition of 1IIe propertY (includina needed reoairs, deterioration, renovations, remodeling, etc.), PROPERTY CONDITION AND CONDITION OF IMPROVEMENTS ARE TYPICAL OF THE NEiGHBORHOOD PRICE RANGE AND AGE OF IMPROVEMENTS. PROPERTY WOULD BE READILY ACCEPTED IN THE MARKETPLACE. Are there any physical deficiencies or adverse conditions that affect the Iivabllltv. soundness, or structural integrity of the properly? [ ] Yes ~ No If Yes, descnbe Does the properly generally conform to the neighborhood (functional utility, sMe, condition, use construction, etc.l? 15<1 Yes 11 No K No, describe Uniform Residential Appraisal Report 40617011 RIe# 40617011 Freddie Mac Fonn 70 March 2005 Page 1 of 6 Fannie Mae Form 1 004 March 2005 Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE IFile No, 406170111 Paoe #21 Uniform Residential Appraisal Report 40617011 RIe'40617011 There are 3 cOlllParable omoerties currently offered for sale In the subject neighborhood ranaina In mice from $ 160 000 to $ 200 000 There are 9 comparable sales in the subiecl nelahbDrhood within the past twelve mDnths ranalna In sale price from $ 160,000 to $ 200.000 FEATURE SUBJECT COMPARABLE SALE 1 1 COMPARABLE SALE 1 2 COMPARABLE SALE 1 3 Address 406 N. 21ST ST. 2103 PARKSIDE RD. 2201 PARKSIDE RD. 415 APPLETREE RD. CAMP Hill PA 17011-2201 CAMP Hill PA 17011 CAMP Hill PA 17011 CAMP HILL PA 17011 Prmdmlty to Subject : ~i,... .:' ;;:i,..- 0.01 miles 0.04 miles 0.06 miles Sale Price $ , "J,. $ 184 000 Ilir' . .... $ 177 000 I~~~\~~!jjt.;i!~ $ . 172 500 ~~=~:SLN,Area .' ' ~. s .ft~LS;~O~~:'~;~~::~~~'~L5I~~~:'~CO~S. ~LS/~O~~ft~~~:~:_#(~' Verification Source(s) ': . LISTING OFFC. 10143570) LISTING OFFC.l1 0139790) LISTING OFFC. 10143596) VALUE ADJUSTMENTS . . DESCRIPTION DESCRIPTION +H $ Adjustment DESCRIPTION +H $ Adjustment DESCRIPTION +(-) S Adlustment Sales or Rnancing TOM: 3 DAYS TOM: 37 DAYS TOM: 25 DAYS Concessions CONV. -4 450 CONV. CONV. Oatil of SalWTlme ,t' "" 05-24-07 02-26-07 05-16-07 Location SUBURB/AVG SUBUR/EQUAL SUBUR/EQUAL SUBUR/EQUAL lBaseholdlFee Slmole FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE SItIl 0.20 ACRE 0.19 ACRE 0.19 ACRE 0.16 ACRE VIIW AVERAGE AVERAGE AVERAGE AVERAGE Design {Style) CAPE COD CAPE COD CAPE COD CAPE COD QU.uw of Cons1ruclion AVERAGE AVERAGE AVERAGE AVERAGE Actual Age 49(20) 52(20) 50(20) 52(20) Condition AVERAGE AVERAGE AVERAGE AVERAGE Above Grade ToIaIl Bdrms.1 BaIIIs ToIaIl Bdnns.l Balhs ToIaI I Bdrms.1 BaIIIs ToIaI Bdrms.1 BaIIIs Room Count 8 I 4 I 2 7 I 4 I 1.5 +750 7 I 4 I 1 +1.500 7 4 I 1 +1 500 Gruss Livina Area 2044 so.ft 1 640 so.ft +4,040 1.781 SQ.ft. +2.630 1 868 sQ.ft. +1760 Basement & Rnished 1,120 Sq.Ft. FUll FULL FULL Roams Below Grade FAM.RM. FRlDENlBATH -1 500 PARTLFINISH. PARTL.FINISH functional Utility TYPICAL MKT TYPICAL MKT TYPICAL MKT TYPICAL MKT Hea1inlllCooIlna GAS FA/CAC GAS FA/CAC OIL FA/CAC GAS FA/CAC ~ Energy Efficient IllIms STANDARD STANDARD STANDARD STANDARD : Garaall/C8I1lOrt 1C.CARPORT 2C.DET.GAR. -4500 NONE +1 000 NONE +1000 PorchlPatiolDeck DECK/PATIO PATIO +500 PATIO +500 PATIO +500 Net Adjustment /Total) r 1 + I:XI. $ 5 160 ~ + ] - S AdjustBd Sale Price Net Adj. 2.8 % Net Adj. 3.2 % of Comparables Gross Adi. 8.6 % $ 178 840 Gross Adj. 3.2 % $ I ~did LJ did nat research the sale or transfer history of the subiect property and comparable sales. n not exolaln 5630 ~+ [J. $ Net Adj. 2.81 182 630 Gross Adj. 2.8 % $ 4760 177,260 My research [J did ~ did nat reveal any prior sales or transfers of the subject property for the three years Drior to the llffeclive date of this appralsal. Data Saurce(s) CUMBERLAND COUNTY TAX RECORDS. My research [J did ~ did nat reveal anv prior sales or transfers of the comDarable sales for the vear prior to the datil of sale of the comparable sale. Data Source(s) CUMBERLAND COUNTY TAX RECORDS. Report the results of the research and analysis of the prior sale or transfer history of the subject properlY and comoarable sales /reoort additional priDr sales on page 3). ITEM SUBJECT COMPARABLE SALE 11 COMPARABLE SALE 12 COMPARABLE SALE 13 Date of Prior Sale/Transfer NONE WITHIN PREVIOUS NONE OTHER THAN NONE OTHER THAN NONE OTHER THAN Price of Prior Sale{Transfer THREE YEARS ABOVE ABOVE ABOVE Data Source(s) COURT HS. RECORDS COURT HS. RECORDS COURT HS. RECORDS COURT HS. RECORDS Effective Date of Data Source/s) 09-20-07 09-20-07 09-20-07 09-20-07 Analysis of prior sale or transfer historv of the subiect DrooerlY and comparable sales NO PRIOR TRANSFER OF SUBJECT WITHIN PAST 3 YEARS. Summary of Sales Comparison Approach AFTER A THOROUGH SEARCH OF THE SUBJECT MARKET AREA THE THREE SALES SELECTED ARE CONSIDERED TO BE THE BEST INDICATORS OF VALUE. THE COMPARABLE SALES AVAILABLE DID NOT ALLOW THE SUBJECT'S GLA TO BE BRACKETED. Indicated Value by Sales CDmparison ADDroach $ 179 000 Indicated Vllue by: SaIe8 Comparison Approach $ 179 000 Cost Appl'Olch (If developed) $ Income Appl'OIch (If developed) $ ADEQUATE MARKET DATA IS AVAILABLE WITH SEVERAL SALES IN THE SUBJECT'S PRICE RANGE AND MARKET AREA. THEREFORE . THE SALES COMPARISON APPROACH TO VALUE IS THE BEST METHOD FOR THIS APPRAISAL. This appralsal is made IZI "as is", 0 subject to completion per plans and specifications Dn the basis of a hypothetical condition that the improvements have been cDmpleted, 0 subject to the follOWing repairs or aItIlrations on the basis of a hypothetical condition that the repairs or alterations have been completed, or 0 subject to the fo/lowing reQuired insllllction based on the extraordlnarv assumption that the condition or deficiency does not J'BQulre altllrati.on or repair: Based on a complete vlaulllnspectlon of the Interior Ind exterior lreas of the subJect properly, defined scope of work, ltatement of Issumptlons Ind limiting condblons, Ind Ippraller'S certltlcetlon, my (our) opinion of the mlrket vllue, II defined, of tne real property that Is the subJect of thll report Is $ 179000 .IS of SEPTEMBER 17, 2007 which Is the date of Inspection Bnd the effective dlte of this BDDralsBI. Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Fonn 1004 - "fOTAL for Windows' appralsal software by a la mode, inc, -1-800-ALAMODE IRle No. 406170111 Paae #31 Uniform Residential Appraisal Report 40617011 Rle# 40617011 t' .'~'. """....,~~;""., '-. ,:',.':,:--.lUi:"., .~~uiiiIOHifirl....~~~~~~J.,::~~.:~.':,'; \\1 ProvIde adeauate Information for the lender/client to replicate the below cost fiaures and calculations. SuPPOrt for the opinion of site value (summarv of comoarable land sales or other methods for estimatlna site value) COST APPROACH IS LESS RELIABLE THAN THE SALES COMPARISON APPROACH FOR THE EVALUATION OF THIS SUBJECT PROPERlY AND THEREFORE NOT USED. ESTIMATED [J REPRODUCTION OR [J REPLACEMENT COST NEW ; Source'of cost data NlA . Oualllv rating from cost service Effective date of cost date . Commants on Cost Approach (aross livina area calculations, depreciation etc.l DUE TO THE AGE OF THE SUBJECrS IMPROVEMENTS THE COST APPROACH WAS NOT USED. OPINION OF SITE VALUE _ DWELLING SQ.Ft @ $ SQ.Ft @ $ .- -. =$ - =$ =$ - =$ -. =$ =$ Garage/Carport SQ.Ft @ $ Total Estimate of Cost-New Less Phvslcal I Functional I Extemal Depreciation I I Depreciated Cost of IlllDrovamants _ __ _____ "As-Is' Value of Site Improvaments ... _._.... =$( =$ --.- . =$ \ Estimated Remaining Economic Lne (HUD and VA only) Years INDICATED VALUE BY COST APPROACH _ .._ =$ ., db.'- "{ '.. ,;" .... ,,,m>,~~:lil~t""."d:c'~;i' , ' ~~t~"7' '.' ,_~~~~i . Estimated MonthlY Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Aoproach ~ Summary of Income Approach fincludina support for market rent and GRM) 1p~.~DI~-~~:":"'ni~;? rlY" []:- Un,,,,"::~L"~~: ....~ Provide the followino information for PUDs ONLY n the developer/bullder is in control of the HOA and the sub/Bet property Is an attached dwellina unit Leaal Name of Prolect . Total number of Dhases Total number of units Total number of units sold Total number of units rented Total number of units for sale Data souree(s) Was the oroiect created bv the conversion of existing bullding(s) Into a PUD7 [J Yes 1 No If Yes, date of conversion. ~ Does the proiect contain anv multi-llwellina units? r 1 Yes [] No Data Souree Are the units, common elements, and recreation facilities complete? r 1 Yes r 1 No If No, describe the status of completion. Are the common elements leased to or by the Homeowners' Association? r 1 Yes r 1 No If Yes, describe the rental terms and oDlions. Describe common elements and recreational facilities. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "TOTAL for Wmdows" appraisal software by a la mode, inc. -1-801l-ALAMODE IAle No. 406170111 Paae #41 Uniform Residential Appraisal Report 40617011 File' 40617011 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; Including a unit in a planned unit development (PUD). this report form Is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, Intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to Include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report. such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form. including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual Inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) Inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. . INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the SUbject of this appraisal for a mortgage finance transaction. INTENDED USER: The Intended user of this appraisal report is the lender/client. DEANmON 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 an~ seller are typically motivated; (2) both parties are well informed or well advised, and each acting In what he or she considers his or her 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 com parables 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 judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting 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, except for Information that he or she became aware of during the research involved In performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch In this appraisal report to show the approximate dimensiohs of the improvements. The sketch is included only to assist the reader 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 this appraisal report whether any portion of 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, or as otherwise required by law. 5. The appraiser has noted In this appraisal report any adverse conditions (such as needed repairs, deterioration, 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 research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to. needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or Implied. 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, this appraisal report must not be considered as an environmental assessment of the property. 6. . 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 the completion, repairs, or alterations of the subject property will be -performed in a professional manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1 004 March 2005 Form 1004 - "TOTAL for Windows. appraisal software by a la mode, inc. -1-800-ALAMODE 'FneNii. 406170111 Pace #51 Uniform Residential Appraisal Report 40617011 Aiel 40617011 APPRAISER'S CERllRCATlON: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal In accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the Improvements in factual, specific terms. I identffled and reported the physical deficiencies that could affect the livability. soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements 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 at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that Is the sUbject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified. analyzed, and reported on any current agreement for sale for the subject property. any offering for sale of the subject property In the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date' of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated In this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest In the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property In this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area In which the property is located. 13. I obtained the Information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct 14. I have taken Into consideration the factors that have an Impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences In the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the Inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knOWingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased. and professiooal analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions In this appraisal report. 17. 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 partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color. religion, sex. age, marital status, 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 or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value. a predetermined minimum value. a range or direction In value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that Vlere set forth in this appraisal report. If I relied on significant real property appraisal assistance from any Individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such indlvidual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any Individual so named is qualified to perform the tasks. I have not authorized anyo'ne to make a 'Change to any item in this appraisal report; therefore. any change made to this appraisal is unauthorized and I will take no responsIbility for it. 20. I identified the lender/client In this appraisal report who is the Individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1 004 March 2005 Form 1004 - "TOTAL for Windows. appraisal software by a la mode, inc. -1-800-ALAMOOE IRle No. 406170111 Paoe #61 21. The lender/client may disclose or distribute this appraisal report to: the borrower, another lender at the request of the borrower; the mortgagee or Its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other Jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves anyone or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined In applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as If a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any Intentional or negligent mlsrepresentatlon(s) contained in this appraisal report may result In civil liability and/or criminal penalties including, but not limited to, fine or Imprisonment or both under the provisions of Title 18. United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIRCATlON: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified In this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and Is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies 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 at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature. the appraisal report shall be as effective, enforceable and valid as If a paper version of this appraisal report were delivered containing my original hand written signature. ~PRIJSER JJI;C 1< c; SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Signature './, ;;e::- Name MIC E.. · Name Company Name RElMAX REAL TV ASSOCIATES. INC. Company Name Company Adpress 3425 MARKET ST. Company Address CAMP HILL PA 17011 Telephone Number (717) 730-3010 Telephone Number Emall Address MENT@CAPITALAREAHOMES.COM Emall Address Date of Signature and Report SEPTEMBER 20. 2007 Date of Signature Effective Oate of Appraisal SEPTEMBER 17. 2007 State Certification # State Certification # RL001676L or State License # or State License # State or Other (describe) State # Expiration Date of Certification or License State PA Expiration Date of Certification or License 6/3012009 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED o Did not Inspect SUbject property 406 N. 21ST ST. o Did Inspect exterior of subject property from street CAMP HILL PA 17011-2201 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY $ 179 000 o Did inspect interior and exterior of SUbject property LENDER/CLIENT Date of .Inspection Name GEORGE LIPPY COMPARABLE SALES Company Name N/A Company Address 406 N. 21ST ST. CAMP HILL PA 17011 o Did not inspect exterior of comparable sales from street Emall Address o Did inspect exterior of comparable sales from street N1A Date of Inspection Uniform Residential Appraisal Report 40617011 RIe... 40617011 Freddie Mac Form 70 March 2005 Page 6 of 6 Fannie Mae Form 1 004 March 2005 Form 1004 - "TOTAL for Windows" appraisalsoflware by a la mode. inc. -1.80D-ALAMODE Subject Photo Page IFIIe No. 406170111 Pane #71 BDlTDWer/CUent GEORGE LIPPY Proll8rtv Address 406 N. 21ST ST. CRY CAMP HIU County CUMBERLAND Stare PA Zin Code 17011-2201 Lender GEORGE LIPPY Subject ~ront 406 N. 21ST ST. Sales PrIce Gross Uving Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PIC3x5.SR - 'TOTAL for Windows. appraisal software by a la mode, inc. -1-800-ALAMODE 2,044 8 4 2 SUBURB/AVG AVERAGE 0.20 ACRE AVERAGE 49(20) Subject Rear Subject Street IAle No. 406170111 Paae #81 Comparable Photo Page BorrowerlClient GEORGE LIPPY Pronertv Address 406 N. 21ST ST. CItv CAMP HILL County CUMBERLAND S1atB PA lio Code 17011-2201 L8lIder GEORGE LIPPY Comparable 1 2103 PARKSIDE RD. Prox. to Subject 0.01 miles Sale Price 184,000 Gross Living Area 1,640 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 1.5 Location SUBURlEQUAL View AVERAGE Site 0.19 ACRE Quality AVERAGE Age 52(20) Comparable 2 2201 PARKS IDE RD. Prox. to Subject 0.04 miles Sale Price 1 n ,000 GlllSs~ngAI8i 1,781 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 1 Location SUBUR/EQUAL ~H AVERAGE Site 0.19 ACRE Quality AVERAGE Age 50(20) Comparable 3 415 APPLETREE RD. Prox. to Subject 0.06 miles Sale Price 172,500 Gross Uving Area 1,868 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 1 Location SUBURlEQUAL VlH AVERAGE Site 0.16 ACRE Quality AVERAGE Age 52(20) Form PICPIX.CR - 'TOTAL for Windows" apprelsal software by a la mode, inc. -1.BDO-AlAMODE 't-11e No. 4U61 lUll I I'aoe #!ll Borrower GEORGE LIPPY ProMrtv Address 406 N. 21ST ST. GIIv CAMP HILL Lander GEORGE LIPPY Rle No. 40617011 County CUMBERLAND State P A Zio Code 17011-2201 APPRAISAL AND REPORT IDENTIFICATION This appraisal conforms to ana of the following dllflnltlons: 181 Complete Appraisal (The act or process of estimating value, or an opinion of value, performed without Invoking the Departure Rule.) o Umlt8d Appraisal . (The act or process of estimating value, or an opinion of value, performed under and resulting from invoking the Dllparture Rule.) This report is ana of the following types: o Self Contained (A written report prepared under Standards Rule 2-2(a) of a Complete or Limited Appraisal performed under STANDARD 1.) 181 Summary (A written report prepared under Standards Rule 2-2(b) of a Complete or Limited Appraisal performed under STANDARD 1.) o Restricted (A written report prepared under Standards Rule 2-2(c) of a Complete or Umited Appraisal performed under STANDARD 1, restricted to the stated Intended use by the specified client or Intended user.) Comments on Standards Rule' 2-3 I certify that, to the best of my knowledge and belief: D The statements of fact contained in this report are true and COlT8ct. D 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. D I have no (or the specified) present or prospective interest In the property that is the subject of this report, and no (or the specified) personal interest with respect to the parties involved. D I have no bias with respect to the property that is the subject of this report or the parties Involved with this assignment D My engagement in this assignment was not contingent upon developing or reporting predetermined results. D 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 OCCUlT8nce of a subsequent event directly rela18d to the Intended use of this appraisal. D My analyses, opinions and conclusions were developed and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. D I have (or have nOt) made a personal inspection of the property that is the subject of this report D No one provided significant real property appraisal assistance to the person signing this certification. (If there are exceptions, the name of each IndMdual providing significant real property appraisal assistance must be stated.) . I Comments on Appraisal' and Report Identification Nate any departures from Standards Rules .1-3 and 1-4, plus any US PAP-related Issues mqulring disclosure: ::-: /JA!- t,L 12, &- Name: MICHAEL R.(~ ~ Date Signed: SEPTEMBER 20. 2007 State Certification #: RL001676L or State Ucense #: State: PA Expiration Date of Certification or Ucense: 613012009 SUPERVISORY APPRAISER (only II required): Signature: Name: Date Signed: State Certification #: or State Ucense #: State: Expiration Date of Certification or Ucense: o Old 0 Did Not Inspect Property Michael R Ent (71 n 73()..301 0 Form 105 - "TOTAL for Windows' appraisal software by a la mode, Inc. -1-000-ALAMODE IAle No. 406170111 Paoe #101 MULTI-PURPOSE SUPPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS Michael R Ent (717) 730-3010 Borrower/Client GEORGE LIPPY Property Addl8Ss 406 N. 21 ST ST. CIly CAMP HILL County CUMBERLAND State PA ZiD Code 17011-2201 Lender GEORGE LIPPY This Multi-Purpose Supplemental Addendum for FederaDy RelatBd Transactions was designed to provide the applilser with a convenient way to comply with the current appraisal standards and requirements of the Federal Depasn Insurance Corporation (FDIC), the Office of the Comptroller of Currency (OCC), The Office of Thrift Supervision (018), the Resolution Trust Corporation (RTC). and the Federal Reserve. This Mum-Purpose lupplemenbll Addendum Is for uu wltll Bny BpprBlal. Only thou BbltBmentB wIIlch h... been eIIeckltd by the BpprBlaer BPPIy to the property belna BpprBlud. ~ PURPOSE & FUNCTIOi OF APPRAISAL The purpose of the appraisal is to estimate the market value of the subject property as dBfined herein. The function of the appraisal is to assist the above-narned Lender in evaluating the subject property far lending purposes. This is a federally ralBted transaction. ~ EXTENT OF APPRAISAL PROCESS ~ The appraisal Is based on the information gath8llld by the appraiser from public records, ather Identified sources, Inspection of the subject property and nelghbamaod, and selectioo of comparable sales wnhln the subject market area. The original source of the comparablas Is shown In the Data Source section of the market grid along with the source of confirmation, n available. The ortglnal source Is presented first. The sources and data are considered reliable. When conflicting Information was provided, the source deemed mast reliable has been used. Data believed to be unreliable was not Included in the report nor used as a basis for the value conclusion. o The Reproduction Cast Is based on N/A supplemented by the appraiser's knowledge of the local market 0 Physical depreciation is based on the estimated effective age of the subject property. functional and/or exlBmaI depreciation, n present, is specifically addressed In the appraisal report or other addenda. In estimating the site value, the appraiser has raliad on personal knowledge of the iocal market This knowledge Is based on prior and/or current analysis of site sales and/or abstraction of site values from sales of improved properties. ~ The subject property Is located In an area of primarily owner-occupied single family residences and thelncame Approach Is not considered to be meaningful. For this reason, the Income Approach was not used. o 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 and/or current rental rate surveys of residential properties. The Gross Rent Multiplier is based on prior and/or current analysis of prices end market rates for residential properties. 0 For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to project future rents, vacancies and expenses. ~ SUBJECT .PROPERTY OFFERING INFORMATION According to CENTRAL PENN MULIT-L1ST the subject property: ~ has not been offered for sale In the past: o 30 days 0 1 year 181. 3 years. o is cllrrentlv offered for sale far $ o wn...aflmd for sale within the past. 0 30 days o 1 year 0 3 years for $ o Offering information was considered in the final reconciliation of value. o Offering information was not considered In the final reConciliation of value. o Offering information was not available. The reasons for unavallablll1y and the steps taken by the appraiser are explained later in this addendum. ~ SALES HISTORY OF SUBJECT PROPERTY According to CUMBERLAND COUNTY TAX RECORDS. the subject property: ~ Has not transferred o in the past twelve months. 0 in the past thirty-six months. ~ In the past 5 years. o Has transferred o in the past twelve months. 0 in the pest thirty-six mooths. o In the past 5 years. o All prior sales which have occurred In the past are listed below and reconciled to the appraised value, ellher in the body of the report or in the addenda. 1- SIll.. Price DDcumant II SII"ar Buyar 1 181 FEMA FLOOD HAZARD DATA ~ Subject property is mt located In a FEMA Special Rood Hazard Area. 0 Subject property JiJDcat8d in a FEMA Special Rood Hazard Area. I Zone FEMA .apJPanalll Map Date .ame .f CDmmunltr I Ic 4203570001 B 12/11/1981 CAMP HILL BOROUGH I o The communl1y does not participate in the National Rood Insurence Program. ~ The community does oarticioate In the National Rood Insurance Program. ~ n Is covered by a mgIlIar program. o ~ is covered by an .BlIlQBIlC)' program. Page 1 of 2 Form MPA3 - "TOTAL for Windows' appraisal software by a la mode, Inc. -1-BOO-ALAMODE IAle No. 406170'1' Pane #11' ~ CURRENT SALES CONTRACT ~ The subject property is currently nllt under contract. D The contract amI/or escrow instructions were not available for l'IIView. The unavailability of the contract is explained latIlr in the addenda section. D The contract and/or escrow Instructions were nlViBwed. The following summaJizlls the contract I Contnlct Dab Amendlllllnt Deto Contnlct Prlco Ioller I I I D The contract indicated that personal property ,."as nllt included in the sale. o The contract indicated that personal property wa&JocJwIBd. It consistBd of D Personal property was nllt included in the final value estimate. Estimated contributory value Is $ o Personal property was included In the final value estimate. o The contract Indicated no financino concessions or other Incentives. D The contract Indicated the followino concessions or Incentives: o W concessions or incentives exist the comparables were checked for similar concessions and appropriate adjustments were made, W appticable, so that the final value conclusion Is in compliance with the Market Value d8fined herein. ~ MARKET OVERVIEW Include 1ft uplanlllon of currMIlIIIrkIt condltlollllflCl trlnclL 4 months is considered a reasonable marketing period for the subject property based on CURRENT ACTIVE MARKET CONDITIONS AND COMPARABLE SALES. ~ ADDITIONAL CERTIFICATION The Appraiser certifies and agrees that (1) The analyses. opinions and conclusions were developed, and this report was prepared, In conformity with the UnWorm Standards of Professional Appraisal Practice ("USPAP"), lIXCept that the Departure Provision of the USPAP dOllS 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 estimatll, the attainment of a stipulated result, or the occurrence 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. ~ ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS The value estimated is based on the assumption that the property Is npt 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 theldentffication of hazardous substances or detrimental environmental conditions. The appraiser's' routine Inspection of and Inquiries about the subject property did nllt 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 environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would negatively affect Its value. D ADDITIONAL COMMENTS ~ APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION .1ItL.L f( ~ Datil Prepared SEPTEMBER 20. 2007 Appraiser's Signature IE. PTEMBER 17 2007 Appraiser's Name (print) MICHAEL R ENT Phone I (717) 730-3010 State PA D License ~ Certlfication I RLOO1676L Tax 10 # D CO-SIGNING APPRAISER'S CERTIFICATION o The co-signing appraiser has personallY insoected the subject property, both inside and out, and has made an exterior inspection of all comparable sales listed In the report The report wa~ prepared by the appraiser under direct supervision of the co-signing appralsar. The co-signlng appreiser accepts responsibility for the contents of the report Including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing appraiser. D The co-signing appraiser has nllt personallY Inspected the Interior of the subject property and: o has nllt inspectBd the exterior of the subject property and all comparable sales listed in the report o has InspectBd the exterior of the subject property and all comparable sales listed in the report o 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 that the certifications apply fullytD the co-slgnlng appraiser with the exception' of the certlfication regarding physical Inspections. The above describes the level of inspection performed by the co-signing appraiser. D 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. 0 CO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION Co-SIQning Effective Date Date Prepared ApPraiser's Signature Co-Signing Appraiser'S Name (print) Phone I State o License o Certification I Tax 10 # Page 2 of 2 Form MPA3 - "TOTAL for Windows. appralsa/soflware by a la mode, Inc. -1-800-ALAMOOE Inllll1V. "110 I IV I II raVll f/" ILl Building Sketch BOROwer/Client GEORGE LIPPY Prooertv Addl8SS 406 N. 21ST ST. CItv CAMP HILL Counlv CUMBERLAND State PA Zio Code 17011-2201 Lender GEORGE LIPPY 12.0' C BATH cri ROOM 14.0' 14.0' BED BED SECOND FLOOR c ~ ROOM ROOM 40.0' 24.0' FAMILY C ROOM ~ 16.0' 1 CAR DINING BATH FLORIDA C C KITCHEN BED ~ ~ ROOM ROOM CARPORT ROOM ROOM C FIRST FLOOR ~ LMNG BED 11.0' 11.0' ROOM ROOM 40.0' -.,-..... Comments: AREA CAlCULATIONS ,SUMMARY LiVING AREA SREAKDOWN' .. Code DMcrtptlon Net BID NetTotm. Bnil8kdown 8ubIot8Is QLA1 pir.t Ploor 1456.0 pir.t Floor SacODd. Floor 588.0 2044.0 2".0 :I: 012.0, 1008.0 PIP FlorirSa .oam 2012.0 2012.0 16.0 :I: 28.0 448.0 QAJl CARPORT -2012.0 -2012.0 Secon4 Floor 9.0 :I: 12.0 108.0 12.0 :I: "0.0 0180.0 Net LIVABLE Area (Rounded) 2044 4 Items (Rounded) 2044 " Form SKT.BldSkl- "TOTAL for Windows. appraisal software by a la mode, Inc, - , -800-ALAMOOE IRle No. 406170111 Paoe #131 Location Map Borrower/Client GEORGE LIPPY Pmnertv AddlllSs 406 N. 21ST ST. CItv 'CAMP HILL County CUMBERLAND state PA liD Code 17011-2201 Lender GEORGE LIPPY. .'.....\~:~~. ;".X ~.. <~... ,1\\ ...~\ ,'-.?~.:' '.\': : 4\,,\\] \\ ;-'~''i \toi. 'r:,~j ',.1\\" i;, j ri, -:c. .\~\ \\ .\ \::,'" ~." .g<~ --. ". ~. --=.tt i\ \'."::..':'.'::._.' "'," ,,' J ,""" jJ~ ',!...}l f"',:"":, .' ..'....:',.....'..',; ~,', r ?\. .. . 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RHOADS J'''''I''l & SINON LLP Yvonne R. Durham Phone (717) 231-6677 Fax (717) 232-1459 ydurham@rhoads-sinon.com FILE NO 10862/01 December 18,2007 Re: Estate of Donald E. Crusev Your File #21-07-1040 Ms. Glenda Famer-Strasbaugh Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, P A 17013 o S;o ~l~ . 5 ~1"iJ, :B ~ c=- c:::> ....... o fY1 ("") '-1 f1~1 ,-) b ::0 1----) ,~:'-f:l > ',:,,:1 ;:? -+, ("5 r \.-\ ~- >, (;~ Dear Ms. Famer-Strasbaugh: \.0 -0 :x ~ c..n Enclosed are the following for the Estate of Donald E. Crusey: (1) PA Inheritance Tax return, in duplicate. (2) Check in the sum of $15 in payment of your filing fees. (3) Copy of this letter with first page of the return attached. Please stamp this copy received and return it to us in the enclosed, self-addressed envelope. If you have questions about this filing, please contact the undersigned. Very truly yours, RHOADS & SINON LLP By: K~ v e R. Durham alegal Enclosures cc: Mr. George A. Lippy, Jr. w/enclosure 600534.1 Rhoads &: Sinon LLP · Attorneys at Law · Twelfth Floor · One South Market Square · P.O. Box 1146 Harrisburg, PA 17108-1146 · ph (717) 233-5731 · fx (717) 232-1459 · www.rhoads-sinon.com ,... ~ , 2..g ~ ~N"" ~ 00 ~ ~ .rouJ o ('1-- 0 lli 008 ',Ii tA-~ ~ fI~~~' ~ ~ ~ \~ 0 0 ~ <(~ ~ or- 0- ~&, ~ N <> :i 7~. - ".0 ~ . '-, (:.,_'J ' ";'_.) "'.' -- ...- ..;.... ',-...,..- ~Jl.'.1 ~~,i~~;. i-.. t .;. ~ - -(0 2 ~ as (3 1;) II- .- u.. 0: '-- <<. . C"\ ',~:0,"", ~c?}:: u-.-- c.., :-- 4...- ' , ) ~.~ '"::-* '-'- ~ it ,t; ~ ..0 ~ f..o~ III ~ _ :::l _ r- r::r _ _ ~ ~ ~ ~ IS1 ~ ~ . tIl ~ ~ :::l .D.-Q ,t; ._ ~ ~ 3. x Ql C o .~ . .~~l ,,\ .~~ ~~ ~ fJ'j 4.~\\ ~ i ~ r.J). "Z s OO} <7,c'! O~t- ~ r.J). E .~~~ ~ <l) ~ ~ ~o .~ ~ ~ 0 ~ U <l) ti ~~trl ~ ~ s.g ~~OrJ)-, a ~ U <l) ~~"d~~ ~ t+-lo E 9 .- "d -~<l) Q~~t'(jj <l)~,.p~~ G. .~ ~ 8 ~ ~~u-,u .. o t- "'IIIIIIt"