HomeMy WebLinkAbout11-08-02 Amy J. Mendelsohn, Esquire
Attorney ID No. 81084
Rhoads & Sinon LIP
One South Market Square
P. O. Box 1146
Hanisburg~ PA 17108-1146
(717) 233-573 i
Attorneys for Petitioner
IN RE: ESTATE OF · IN THE COURT OF COMMON PLEAS
MILDRED J. GERBER, · CUMBERLAND COUNTY, PENNSYLVANIA
an Incapacitated Person · ORPHANS' COURT DIVISION
· No. 21-01-92
PETITION TO SELL REAL ESTATE AT PRIVATE SALE
PURSUANT TO 20 PA. C.S.A. §5521(b)
NOW COMES Petitioner, PNC Bank, N.A., Guardian of the Estate of Mildred J. Gerber,
an incapacitated person, by and through its attorneys, Rhoads & Sinon LLP, and files thc within
Petition to Sell Real Estate at Private Sale Pursuant to 20 Pa. C.S.A. §5521Co), as follows:
1. Petitioner, PNC Bank, N.A. is a national banking association with an office at
4242 Carlisle Pike, Camp Hill, Pennsylvania 17011.
2. On March 22, 2001, this Court adjudicated Mildred J. Gerber ("Mrs. Gerber") to
be an incapacitated person and appointed PNC Bank, N.A. as sole Guardian of her Estate.
3. On December 21, 2001~ this Court appointed Mrs. Gerbcr's son, Frederick E.
Gerber, II, as sole Guardian of Mrs. Gcrber's Person.
4. Mrs. Gerber, who was bom on November 9, 1914, is 87 years of age.
5. Mrs. Gerber has three children, Marilyn J. Gerber, Frederick E. Gerber, II and
Jane N. Heflin.
450398.1
6. Mrs. Gerber has the following grandchildren: Sascha A. Gerber, Mischa Gerber,
Amanda N. Heflin and Sean M. Heflin.
7. The Estate of Mrs. Gerber owns land with improvements situate in New
Cumberland Borough, Cumberland County, Pennsylvania, known and numbered as 623 Hilltop
Drive, New Cumberland Borough, Cumberland County, Pennsylvania (the "Real Estate").
8. Mrs. Gerber has not lived in the Real Estate since December, 2001.
9. The Real Estate is currently vacant.
10. Mrs. Gerber currently resides at Sunrise Assisted Living Center, 95 Carlton
Avenue, Glen Ellyn, Illinois.
11. The Petitioner has entered into an Agreement of Sale dated November 6, 2002, to
sell the Real Estate to Timothy C. Losh and Joy M. Losh, husband and wife (the "Buyers"). A
copy of the Agreement of Sale is attached hereto as Exhibit "A".
12. The Buyers are not related to Mrs. Gerber.
13. The Petitioner, as Guardian of the Estate of Mrs. Gerber, is represented by legal
counsel who has reviewed the Agreement of Sale. Counsel for Petitioner is Rhoads & Sinon,
LLP.
14. The purchase price for the Real Estate under the Agreement of Sale is
$175,000.00, of which $3,000 was paid at the time the Agreement of Sale was signed, and
$172,000.00 will be due at the time of settlement.
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15. In an appraisal dated October 12, 2002, by Mark W. Heckman, a Pennsylvania
State Certified General Real Estate Appraiser, the Real Estate was appraised at $175,000.00. A
copy of this appraisal is attached hereto as Exhibit "B".
16. The purchase price under the Agreement of Sale is equal to the current appraised
value of the Real Estate set forth in Mr. Heckman's appraisal.
17. Settlement under the Agreement of Sale is scheduled to be on or within forty-five
(45) days of this Court's approval of the Agreement of Sale.
18. The approximate gross market value of Mrs. Gerber's guardianship as of October
31, 2002, is $185,970.
19. The approximate gross market value of Mrs. Gerber's Revocable Trust, originally
dated December 19, 1997, is $185,684.
20. At the present time, the Real Estate does not produce income in the Estate of Mrs.
Gerber.
21. The costs of maintaining the Real Estate and Mrs. Gerber living therein are as
follows:
a. Electricity - $60/month, summer; $120/month, winter
b. Gas - $1 O/month, summer; $60/month, winter
c. Sewer and Trash - $67/three months
d. Water - $15/month
e. Property Maintenance - $300/month
f. Real Estate Taxes - $1,745.62/year
g. Insurance - $632/year
h. Medical Beeper - $27/month
i. Cable Television - $30/month
j. Newspaper - $28/month
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22. If the sale of the Real Estate is approved, Mrs. Gerber's non-income producing
interest in the Real Estate will be converted to income producing assets.
23. If the sale of the Real Estate is approved, Mrs. Gerber's Estate will be relieved of
the expenses of maintaining the vacant property.
24. Mrs. Gerber suffers from dementia that impairs her capacity to make and
communicate decisions.
25. At Sunrise Assisted Living Center, Mrs. Gerber's receives personal assistance
with bathing, dressing, personal hygiene, laundry and housekeeping. Mrs. Gerber's diet and
medications are monitored. Mrs. Gerber also has the opportunity to participate in on-site
recreational, educational, spiritual and social activities.
26. The Real Estate is a 2,014 square foot, 5 bedroom, 2.5 bathroom, single family
house. The bedrooms and baths are located on the second floor of the house. The laundry area
is located in the basement. A photograph of the house is attached hereto and incorporated herein
as Exhibit "C".
27. Frederick E. Gerber, II, the Guardian of the Person of Mrs. Gerber, has no plans
for her to return to live in the Real Estate.
28. If Mrs. Gerber were to return to Pennsylvania, the Real Estate would not be the
most suitable living arrangement for Mrs. Gerber's needs.
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29. It is in the best interest of Mrs. Gerber to sell the Real Estate.
WHEREFORE, Petitioner, PNC Bank, N.A. respectfully requests that this Court,
following notice as this Court may direct, issue an Order approving the sale of land with
improvements situate in New Cumberland Borough, Cumberland County, Pennsylvania, known
and numbered as 623 Hilltop Drive, New Cumberland, Cumberland County, Pennsylvania under
the terms of the Agreement of Sale dated November 6, 2002, by and between PNC Bank, N.A.,
as Guardian of the Estate of Mildred J. Gerber, an incapacitated person, and Timothy C. Losh
and Joy M. Losh, husband and wife.
Pd-IOADS & S1NON LLP
Date: Ill~ ]OZ By: ~
Am~'~.~endelsohn, Esquire
ID No. 81084
Rhoads & Sinon LLP
One South Market Square
P.O. Box 1146
Harrisburg, PA 17108-1146
Attorneys for Petitioner
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VERIFICATION
David A. Brown, the Vice President of PNC Bank, N.A., deposes and says, subject to the
penalties of 18 Pa. C.S. § 4904 relating to unswom falsification to authorities, that he is
authorized to make this vcrificafion on behalf of PNC Bank, N.A. and that the facts set forth in
the foregoing "Petition to Sell Real Estate at Private Sale Pursuant to 20 Pa. C.S.A. §5521(b)"
are true and con-oct to the best'of his knowledge, information and belief.
PNC BANK, N.A.
Date: "d/~., Z, .~,~z- ay: ~
David A. Brown
Vice President
~ STANDARD AGREEM~ FORTHE SALF. OF REAL ESTATE A/S-2K
·. Thia zoms recommended ami approved for, but not re~ricted to use by, the members of the Pe~aylvania A~ociation of REALTORS® (PAR). ~
' ' SELLER'S B~'~R~j',R_IiON$1~jiP .WI:J,H PA: LICENSED BROKEI~.
ADD~ / FAX
BROKER IS THE AGENT FOR SELLER. Designated Agent(s) for Seller, if appl!eable: OR
Broker is NOT the Agent for Seller and is a/an: [:[ AG]~I' FOR BUY]~'" [] TRANSACTION LICENSI~
BI~YEI~/'S BU.~.~S RELA,~.ONSHIPWITH PA LICENSED BROKER _ - ~., ~
~D~ F~
BRO~R ~ ~ AGE~ FOR B~ ~~.A~n~) for Buyer, ff appHoble:
OR
Broker ~ N~ ~e Agent for Buyer ~d ~ ~: ~ AG~ ~R SE~R '~ S~G~ FOR ~LI~U ~ ~SA~ON LIC~'
~en ~e ~ Bm~r ~ A~t for ~r ~ A~t for Buyer, Bm~r k a ~ A~ ~ ~Bmker's U~ ~ ~ ~ Agen~ ~
· e~ ~ ~ ~~ A~ f~ B~r ~ ~r. ~ ~ ~ L~ b ~ ~ ~ ~.B~, ~ Um~ ~ a ~ A~L
~ S~LER(S): ~
3
4
a B~R(S): , ~ '~erf' ~ 4
7 _, ~ '~yer~' 7
8 ~ PRO~ (1~) ~er ~ ~ ~ ~ ~ ~~, ~ ~ ~ ~ ~ 8
15 3.~(1~) ~ ~ '~ . ~ 15
~a w~ ~ ~ ~ ~ ~ b~ B~ ~ f~: ~
21 3. $ ~ ~ 21
22 4. C~cm~s. or~c~k~of~: $ fTC, O-~ O 22
24 ~) ~si~ p~d on ~0~ of ~ ~ ~.~ ~ld by B~ ~r SeH~, ~ ~ s~ ~: . 24
26 25
27 (D) Se~ement m ~ on / ~/~ ~ ~ , ~ ~fom ~ Buy~ ~d SeH~ a~. 27
2S ~) ~onwy~ ~ ~U~ ~ ~ by f~ ~plo ~ ~f ~ w~ ~ o~ s~ h~ 2S
29 29
30 ~ ~t of ~f~ ~ ~ ~ ~ ~ ~ Buy~ ~d ~.~ o~ s~ ~:. 30
31 31
32 (~) At ~ O~ ~ ~e fOUO~8 ~ ~ ~ ~ O~ a ~y b~a ~ B~y~.~d S~, ~b~8 ~ a~p~]~:'~es 32
34 ~y; wa~ ~ ~w~ f~ ~ ~y,:~8o~ wi~ ~y 0~ Ue~]~ m~p~ ~.'~e ~ ~ ~ ~ ~ fo~ ~c ~(s) ~
35 eov~: S~ ~ pay up ~ ~d ~]u~ ~o ~ o~ se~ ~uy~ ~ pay f~ ~ ~y~ fo~o~ ~m~n~ ~ o~ s~ 35
36 he~: 36
37 37
38 4. ~ & ~ONAL PROPE~ (1~) · 3a
~2 ~ ~t ~ ~ of ~=mont; w~ to w~ c~8; w~dow cov=~; ~w~ s~s ~d b~; b~lt-~ ~ con~don=~; built-in 42
45 (B) LEAS~ i~ (not own~ by S=U=r): 45
aa 6. MORTGAGE CON'TI~NCY (1-02)
91 ~] WAIVED. This sale is NOT contingent on mortgage financing. ,61
63 (A) This sale is contingent upon auyergb, ',uti!fin, ' g mortgage finan~ios as follow.s: d ~ ~.~ 63
64 1. Amountofmongageloan$ /qU~ ~00~/5'~ /"'[t4~ex, 4 ~ 00°~..~'~ '
66 2. Minimum Term ~ ,, y ,ea3's. ,.) '
66 3. ~ o~ mortsage 66
67 4. In.rest rat~ %; howeYer, ~tJyer ~ to ~ the interest r~te II~ O~l.7 b~ (:omm~ by the mort~ll~e legider~ oot to 67
69 5. Discount points, loan origination, loan placement and other fees cha~ed by the lender as a percentage of the mortgage loan (excluding 69
70 any mortgage insurance premiums or VA funding fee) not to exceed (') % (0% if not specified) of the mortgage loan. 70
71 The in,'rest rate and fees provisions required by Buyer are satisfied if a mort~age lender'makes available to Buyer the right to guarantee an 71
72 interest rate at or below the Maximum Interest Rate specified herein with the pe~entage fees at or below the amount specified herein. Buyer 72
73 gives Seller the right,.at Seller's sole option and as penm'tted by the mortga~ lender and applicable laws, to conuibute fi~ancially, without 73
74 promise of reimbursement, to the Buyer and/or the mo~age lender to ~ the above'i~m,~ available to Buyer. 74
75 (B) Within DAYS(~day~if.n~tspeci~ed)~ftheexecution~fthisAgreement~Buyerwi~makeac~mp~eted~ written moitgage application 75
76 for the mimga~ ~ms specified al~ove to a responsible mor~age iender. The Broi~ for ~ if 'any, otherwise the Broker for Seller, is 76
76 (C) 1. Mort~.~..~da~e · } ~. - [~ O~-.lfawrittoncommim~-ntisnotteceivedbySellerbytheabove~_te~Buyer 78
80 2. Upon r~ceipt of a mortgage commitment, Bayer wil]Iix~)ttq~tl~ deliver a cop~ of tl~ commlmleni to Seller. 80
81 3. Seller has the optioo to ~ this ~ h~ wlitlag, after die mortgage commitment ~_!~ if th~ mortgage commitment: 81
92 a. Is not valid until the ~ of settleolent, OR " 82
93 b. Is conditioned uPOn tile"sale and ~t of~ ~r ~"O1~:":~' ii,"
e4 c. Contains any othor condition not specified in thi~ ~~ii*~ s~ti~fied and/°r removed in' writing bY the m°rtgage lender s4
0~ within 7 DAYS after the mort~ commNlaant.~.la, lmrag~h.f (_C),(1). ,
a6 4. ff this Ag~ement is termins~l as specified in psra~ 6 (C) (1)'of~(3), or tl~ ~ I~an~is not olxained'for~se .ttlemen~ all deposit monies 86
87 pald~naccount~fpurchas~pricewillberetumedt~Buyer.Buyerwi~beresp~nsibb;for~premiumsformechanics`~ieninsuranceand/~r~. . 87
86 title search, or fee for cancellation of same, if any; AND/OR aay' ix=miums for~ ~,. miae subsidence iitsuranCe and/or fire, insur- 88
92 at Seller's expense. : .... '~:: '-~"'~' -: .... ; '~v un '-':'~n"' ' .... "?- .... '92
93 1. If Seller chooses to make the requil=d repairs, l~il~er ~iill~ ~~1~ 2~ of thisl 93
lOi E] APPLICABLE. Selier will ~ ...... ~ - --4 ..... ~ ''" " ' "'-- ~' ~,a ...... '~ '~ ' ' ;l
106 FHA/VA, !1~ APPLICABLR 105
107 Property described herein or to incur any pe~lty by fo~'~tufff~~~[~l~iM~"~:(Rh~}~l~"l~l~.. II~. lll~'b¢~l~i~R~ll, in actor- 107
108 dance with HUD/FHA or VA ~qui~ments, a' writtun statement by the F~ral Housi~ Commls.siol~, Vet~'ans AdminlslllltiOli, or a Dir~t 108
110 inserted is the sales price as stated in this Agreement). Buyer will have the privilege and option of proceeding with consummation of the con-
111 uact without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the 111
112 Department ¢Igltmssi~ a~l~ba~l~veh:i~li ' ' . tbs-l~b~~o~.~,~~ ~ ~12
113 satisfy himself/herseff that the price and condition of the Property are acceptable. 11~
~14 Warnin~sq Section 1010 of Title 18, U.S.C., Department of Housing and Utt~en Development and Federal Housing Adminisuation 114
1 ~ 5 Transactions, provides, "Whoever for the purpose of... influenciag in any way the action of such ~t, makes, passes, uRers or pub- 1~ 5
~6 lishes any statement, knowing the same to be false.., shall be fined under this title or inlprisonod not mot~ than two years, or both." 116
117 ((3) U~. l)ep~rtment Of llousin8 and Urb~m Development (HUD) NOTIC~ TO PURCHASF~S: Buyer's Acknowl~t 117
~10 ~ I-1 Buyer has received the HUD Notice "For Your Protection: Get a Home Inspection" (see Notices and Informadou on Paopert~ Condition
119 Inspections). Buyer understands the importance of getting an independellt home inspection and has thought about this befo~ signing this 119
126 Agreement. 120
121 Bllyer~s Initials DMe 121
122 (H) Certification We the undersigned~ Seller(s) and Buyer(s) pan~y to this transacti~n each certify that the terms ~f this c~ntract f~r purchase are 122
123 true to the best of our knowledge and belief, and that any other agreement entered into by any of these parties in connection with this transac- 123
124 tion is attached to this Agreement. 124
~25 ?. INSPECTIONS (1-02)
~ 26 (A) S~tler agrees to permit inspections by authorized appraisers, reputable ce~ifiers, insurer's relxnsentatives, surveyors, mq~ipal officials and/or 126
127 Buyer as may be required by the mortBage lender, if any, or insuring agencies. Seller further agrees to permit any other.~sctions r~luired by ~27
~28 or provided for in the terms of this A~reemenL Buyer has the right to attend sll insp~. 128
129 (B) Buyer reserves the right to make a pre-settlemeut walk-through inspection of the PropelTy. Buyer's right to make thi&.inspection is not waived 129
130
~47 (~=,C) ff Buyer is n~t ~ati~'fi~ with the condition of the Property as stated in any written r~port, Buyer will:
~11 ~ Option 1. Within the time given for completing impections:
14~.."' , I. A~`-epttheF~.t3;.withtheinf~tmatf~ns~d~nt~e~s)~and~greetotheR~.ASEsetforthinparagraph.25~fthi~A~OI~T~
~ 50 2.. Termina~ this Agreement in writing by notice to Seller, in which case altd~lx~t monies paid on account of purchase price willbe returned' '
151 .promptly to Buyer and this Agreemen! will'be VOID, OR
~sz 3. Enter into a mutually acceptable written agreement With Seller providing for any repai~ orimProvements to the Property and/or any credit
156 to Buyer at settlement, a~ may be acceptable to the. mortgal~e lender, if any.
154 Should efforts to reach a mutually acceptable ag~ent fail, BUyer must choose to accept the Property or terminate this Agreement within
155 ~ the time given for completing,inapeedo~and according to.the pmvisious in para~aph 8(C) (~on 1) 1 and.2.,
156 Option 2. Within the time given for completing inspections:
158 ~.t-,r-,.~_ a .me totm cost to correct me conmtions contstned in the t~ort(s)is more tlum $ /'(~O ..~...~-
159 2. ff me totat cost to correct the Conditio'~ COmained in the repo~.~7'EXC~.nS the amoun(sp~cified in paragraph 8(C) (OPtion ~ Ii
1~ Buyer wilt deliver the report(s) to Seller witltift tl~e time given for imPeetlom
161 a. SellerwiH, within 7 DAYSofrer. eiving the r~c~ort(s), inform Buyer in writing of SeHer,s choice to:
l r~, (1) Makc n~pahs bofore ae~tlem~ so that thg mamining coat re,relic eond!n_'_,~seontained ~ dm report(s) is less .thFn or equal.to
163 the amount specified in ~,. S (~..(Opl~'..2.)- t ..... . .. 193
164 (2) CreditBuyeratset~ementforthedi~e~ncebetweenthee~m~h'4~c~fr~mi~ngthe~m~n~the~s) 164
1~' (3) Not make repnin and no~ eredit~Bmyeriif~,~nt for my eostS:~o~tir~xlltlons contatn~ in the report(s).
167 b; '.If Seller~tom~ ~ or C'red~ Bl~lit'sC-ttlement a~'~ei~led:itt I~ $ (C)r.(O~2)27 Buy~rwillnccept the 1~7
l?S (1) Ac~ t~e ~ ~.,iJ~. ~.stn-~m the.rei~. ~._,and ~ .to thc I~P~SE set forth m panqp'aph 25 of this. 171
172
176 /~ [-1 _WAIVED. BuyerunderstandsthatBuyerha~J~`~pti~nt~tthat~im~z~pe~.tybeinspectedforw~dinfesta~nbyacerti~edPes~C~nt~ 17~
16a accessible areas of all structures on the ~ eXCel~ tbe fo~~~/? ~" ~(~/,,~',~?, ~;:S',
193 ~E) ~fSe~erch~sestof~L~urstmcnn~dan~ag~reveajedbytherep~rt,BuyeragreestoacceptthePr~pertyasrepairedandagrees~the~I.~ASE 193
~94 set forth in paraBn~h 25 of this Agreement.' ' .... 194
195 0=3 ~SeHerch~sesn~ttot~`pnirstn"`tum~damagereveajedbytherep~rt~rfaj~stores~x)ndw1t~dnthethnegiven~Buye~ within ~ DAYS, 195
~99 2. Make the repdrs before settlement, if ~ by me mortgage ienoer, u any, at Buyer s expense an~ wire ~euer s pL. rfi/ission, wl~cn will
202 A~ement in v~ttutg, m which momes [~td on ac(x)l.~t of po~chase prwe ~ be re~u'~ ~ompt]y to Buyer and this 202
203 A~r~ment wi]] be VOID, OR '~" .... 203
206 10. RESIDENTIALLEAD-BASF, DPAINTHAZARDREDUCTIONACrNOTiCEREQUIRKD~~ :,4,~ .:, :.. :~. _,
206 ~ APPLICABLE 2O9
210 (A) Selle~l'~pru~nts thnt-Seller'ha~ n0, knowledgg..txm~.nln~ ~~:o~ _lt~d,41ms~t..~ and/orlead-b ,as~il~int~haznnts i~ or about the ~10
211 Property, unless checked below. ·
sence of lead-based.paint an ............
e er nowl dse of the -bas d or about Vropeny. (Vrovid the' b i.,
213 determining that lend-based patnt and/or hazard~,cxist,.the loeafion(~), tlm~onditi.~j;o£ tl~-Iminted s~.and.oth~ availnhle inf. orma-. 213
~14 don concerning Seller's knowledge of the presence of lead-based ~ and/o~ le~i4~m~i.~~, -. ~.. 214
215 R ' ' ~' ' "' " ~ ' ' '~''' ' ' 215
217 Ull]ess checked below., ~ ' ' · ~ ,' ..... 217
z~ 2. Withim, tl~ #m~set forth above for obtddnl'~~,~~ of the Propert~ for ~-~ ~t
2~6 ~ I~d-b~ ~t ~*~ Bu~ my d~ ~ ~ a ~ ~st of ~ ~c ~ ~fi~ ~ in ~e
'
242 4. U~n ~i~g ~ ~fivc ~, Buy~, ~ ~ DAYS, ~:
243 a. A~e~ ~e ~ve ~ md ~e ~ ~ ~g, ~d ~ to ~ Rgl AASE ~ f~ ~ p~h ~ of
245 toBuy~d~sA~ent~VO~. ~"~, "': ~.' ~ ' :. , ";. '~ -.
246 5. S~d ~r f~ ~ ~b~t a ~n ~ p~ ~ ~ ~ ~ f~ ~ ~h 1~)3 of
250 m ] ~ ~ VO~.
256 ~ 1. ~U~ ~ e ~, by ~ ~ (e.8., c~ ~, ~p~ ~L e~.), ~d ~ 256
2~ ~ 2. ~U~ ~ ~w~ ~ ~ ~ ~t ~ t~_~w: 2~
2~ D~ ~N ~U~ON ~OD ~ 2~
2~ b. Sub~t a ~ ~ve ~ m ~H~. ~ ~ve ~ ~ ~1~, ~t ~ ~ ~ m, ~ ~ of ~e ~ ~fi- 2~
295 ga~on ~m~y; ~si~ f~ ~n~ ~l~g ~; ~ a ~j~ ~1~ ~ f~ ~ve w~. ~H~ ~ pay a m~- 295
l~ ~ of $ mw~ ~ ~ c~ of ~m~ ~ ~, wMch ~ ~ ~mple~ by ~ffie~nt 296
297 (1) ~~stof~~d~~DS~ts~~ ll~)(~on2)b, SeH~,~ 297
298 5 DAYS of ~i~ of ~ ~st of ~m~on, no~ Buy~ ~ ~g of Seller's choi~ ~: 298
299 (a) Pay for ~ m~ ~st of ~on ~d ~, ~ w~ch ~ Buy~ ~ ~e ~ ~d ~s m &e g~L~ASE ~t fo~
3o0 ~ ~h ~ of ~ A~men~ OR ~00
301 ~) CondOm ww~ ~ ~ ~t of ~on ~d ~s~ o~y ~ ~t s~ ~ ~h 11~) (~on 2) b. 301
302 (2) H SeH~ ch~ ~ m ~y f~ &e ~ cost of ~on ~d ~m, ~ · SeH~ f~ ~ ~ ~ ~ ~ ~e ~ 302
30~ ~ Buy~ ~ ~ ~ DAYS, no~ ~H~ ~ ~g of Buy~'s choi~ m: ~'." 303
304 (a) ~ ~e ~ ~ ~H~'s con~bu~on ~ ~m~ ~d~ ~d ~ ~ cost ~f,.~ w~h c~ 3~
3o5 Buyer ~ ~ ~ ~d a~s ~ ~ R~I.~ASE ~t f~ ~ ~h ~ of ~s A~n~ OR 3o5
223 2. Seller s~es ~4~cale and provide access to th~n-si~,ior md/vid,,.l~ wo,-- s ...............
~2~ insvcction cornnanv. SelI~ -~,,~ ...... ,~t.;:j,~ .~ ~ _ ~ -~. ~m. ~ app-cavie, a~ :~e~er's expense, if r~quimt.by thc a23
~ - } 3. -- --~--- - -- -~- ..... ~ ~= ~'r~peny, sr sen~'~ expense, prior to sememenc
326 ,sausvj me requn'ememg tot Cl~litv' and/Oran~a~ '~ ~ ,~'~.~J-.~ ..... ,.,zri_,...~_.-,~.uu aumomy an~or tans to 3~
-- ~-----; ~. ~ ....... ~a~ mnuer, ~ any, me~':~ellteWil~;. Within 7 DAYS of receipt of
' ' 32e
330 b. .,Not upg~ad~.~t~.wa~service,' :~ :-~ ~ 329
...... 330
332 ~ DAYS,
333 a. ' ' · ...... ~' · -'
335 Buyer'S ' ' ~~' ~': ~ '~~~fl~It~a~'tallck~ibanff~,and/ot an3t ~Vemlmlnt~autho~..'t~:-.~.!. '334
· . ..... .:,
340 tO Buyer ~ ~ ~"~etlt' ~~~ ~.,,,;WIU be ~ promptly
342 .; ~ ~.~~~.] .... . · ...... ~. ._' ':.. - ;..~ ..
343 ' - ~"-~ ........ ~~~T~):r~~:~ A~4 .S'~: ,~/ - } ..... 342
345 ~ .... - , )~t ~ ~ ,~r .- ....
3~ ~ ~. ' ' . . ~ - . A~JO~ [8 O~D~Z ~9~ATEIH ~H~ ,e-, . :~ ~7
350 ,..~ ~c' ~ ':...~ ~.~v~il~l~t IiM~H~ ~ff~ ' ~ )fl~ ~ ~llJ aoO~ m~ (I~U8 :~8~ IO /:'fciC,:
35~
35~ ~ ~ .]~ ~T' ~ ~ ~*~ ~ t.~ .............. ' 351
· =i'~`''~a ~'~~ " - :-' .... - ;- :- · ~~:~:~-~--~--=-~c.~ - ---~&
Buy~ ~ ~ ~ ~ DAYS (1S ~ ff ~ ~) of ~ ~ ~ ~ A~~~, m
J57 ~v~ ~ ~ a ~ ~ ~ by a ~.~-~ ~ ~ ~ ~ ~.~ ~ ~ sy~
~59 1~ ~w~e ~ sy~ ~ ~ ~ m ~ ~ ~, ~ ~U~'s ~ ~ ~ ~ 35e
~60 3. ff ~ ~ ~v~ ~ ~ ~ ~ ~ e~ ~ ~~t ~ e~g ~w~ ~ ~ ~ ~ ~
{61 7 DAYS ~ ~ ~ ~ ~ ~ B~ ~ ~ of ~'s c~ ~:
~62 ~ C~ ~ ~f~ ~f~ ~ ~g ~ ~ ~'s ~ ~ wN~ ~ B~ ~ ~ ~ ~ ~ m 362
~ b. N~~. 3~
67 ~f~ ~f~ ~t ~ ~ ~ ~ ~ ~ ~ ~e 1~, ~ ~y, ~ ~y gov~ ~, ~ Buy~'s 367
~9 ~h~of~A~~~B~~~~,Buy~my,~ $ DAYS of ~U~'s 369
70 ~ ~i=~ ~ A~ M ~, ~ ~ ~ ~ ~t ~ ~d ~ ~ ~ ~ ~ ~ ~ ~ 3~o
z~ ~y m B~ ~ ~ ~ ~ ~ VO~, OR
~7~
~2 b. T~~~M~M~~~t ~d~ ~tof~~ ~ ~~ a?z
~3 ~y m B~~~ ~ ~VO~.
7~ ~. ~e~~~m~~~~~~~~U~my,~~DAYS aTa
374
~s of ~i~ of ~ ~ s~ a ~ve ~ m B~. ~ ~ ~ ~ ml~ ~ ~ ~ li~ m, ~ ~ of ~
~7 $ DAYS °f ~ ~'s ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ Buy~ ~: 377
Z8 ~ A~ m ~ ~ ~ ~ ~ ~Y' ~ ~g' ~ ~ ~ B~~ ~ ~~ ~ m ~ R~I-~E 378
~9 ~t f~ ~ ~ ~ of ~ A~ OR
~0 b. A~ ~ ~ ~ ~ s~ ~ ~ ~ ~ ~ ~ 1~, ~ my, ~ ~ ~v~ ~, ~ ~
~1 &f~ ~ ~t ~ ~ ~ ~ ~ ~ ~ ~ ~, ~ my, ~ my ~ ~, m Buy~'s 381
~2 role ex~ ~ ~ ~H~'s ~~ w~ ~ ~ ~ ~ly ~ ~ ~ m ~ ~E ~ f~ ~ ~. 3u
~3 ~ ~ of ~s A~ ~ ~H~ ~ B~ ~ m ~ ~ ~, Buy~ ~y, ~ ~ DAYS of ~H~'s 3~
~5 ~y m Buy~ ~ ~ ~t ~ ~ ~O~, OR 385
s6 c. T~ ~ A~ ~ ~g, ~ w~ch ~ ~ ~it m~ p~d ~ ~t of ~ ~ ~ ~ ~ ~y 3~
~7 to Buy~ ~d ~s A~t ~ ~ VO~.
..s 14. N~, ~~ & ~cA~ oE ~~ (1~) .'. 3s7
;g (A) ~H~ ~, ~ of ~H~'s ex~fi~ of ~ A~ ~ no pubic ~ve~ ~o~nim ~ ~~ g~on 388
~smen~ 38~
~0 ~n~? ~n ~ ag~ ~e.~ ~h m~ ~ ~ ~ no n~ by =y gov~t ~ ~bUc au~ ~ ~ u~n 390
I ~uer ~ ~yone ~ 3eu~ s ~, ~lU~g no~ ~g ~ ~oldo~ of ~mg, h~g, b~g, ~e~ ~ ~ o~ w~ch ~ 391
2 ~CO~ ~d ~ S~ ~ows o~ ~ ~do~ ~t w~d co~s~ ~oa ~f ~Such ~ w~cb ~ '~~ ~ess 392
3 o~i~ s~ ~:
4
:11 (E) ff required lyy hlw,-wi~ 15 DAYS of the execution of this Agreement Seller will order for delivery to Buyer, on or ~efore settlement:
11Z ~ 1. A certification from the appropriate municipal department or deparunents disclosing notice of any uncorrected violations of zoning, hons- 41 z
4~. -' , ing,,building, safety or rue ordimmces, AND/OR ~ , ,
414 2. A certificate permitting occupancy of the Property. In the event repairsfunl~ovements are required for the issuance of the certificate, Seller 414
415 will, within ~ DAYS of Seller's'receipt of the requi~ments, notify Buyer of the requi~ments and whether Seller will make the
416 required repairs/improvements at Seller's expense. 416
417 ff Seller chooses to make the requix~l repairs/improvements, Buyer agrees to accept the Propetu/as repaired and agrees to the laI:.!.I~ASE set 417
41e fo~d~ in paragraph 25 of this Agreement. If Seller chooses not to make the required repairs/improvements, Buyer will, within 5 DAYS,
419 notify Seller in writing of Buyer's choice to terwlnate this Agreement OR make the repairs/improvements at Buyer's expense and with SeUer's 418
420 permission, which will not he unreasonably withheld, ff Seller denies Buyer permission to make the ~luired ~ or If Seller falls to respond 420
421 within the thee giwa, Buyer may, within. ~ DAYS, terminate this Agreement in writing, in which case all deposit monies paid on account 421
422 of purchase price will be returned promptly to Buyer and this Agreement will he VOID. 422
423 15. TITLE, SURVEYS & COSTS (1-0~) 423
424 (A) The Property is to be conveyed free and clear of all liens, encumbrances, and easements, EXCEPTING HOWEVER the following: existing 424
425 deed restrictions, historic preservation restrictions or ordinances, building restrictions, ordinances, easements of roads, easements visible upon 425
426 the ground, easements of record, privileges or fights of public service compmfies, if any; otherwise the title to the above described real estate 426
427 will he good and mm'ketable and such as will be in~ured by a reputable Title Insurance C~mpauy at the regular rates. 427
428 (B) Buyer will pay for the following: (1) Title search, title insurance and/or mechanics lien insurance, or fee for cancellation of same, if any; 426
42g (2) Flood insurance, fire insurance with extended coverage, mine subsidence insurance, or fee for cancellation of same, if any; (3) Appraisal
430 fees and charges paid in advance to mortgage lender, if any; (4) Buyer's customary settlement costs and accruals. 430
431 (C) Any survey or surveys which may he required by the Title Insurance Coml~my or the abstracting attorney for the preparation of an adequate 431
432 legal description of the Property (or the con~ction thereof) will be secured and paid for by Seller. Any survey or surveys desired by Buyer or 432
433 required by the mortgage lender will he secured and paid for by Buyer. 433
434 (D) In the event Seller is unable to give a good and marketable title and such as will he imured by a ~-putsble Title Company at the regular rates, as 434
436 specified in paragraph 15(A), Buyer will have the option of: (1) taking such title as Seller can give with no change to the purchase price; or (2) being 435
436 ~fid all monies paid by Buyer to Seller on account of purchase price and being reimbursed by Seller for any costs incurred by Buyer for any inspec- 436
437 fions or certifications obtained according to the terms of the Agreement, and for those items specified in paragraph 15(B) items (1), (2), (3) and in 43?
436 paragraph 15(C), in which cese there will be no further liability or obligadon on either of the paxlies hereto and this Agreement will become VOID. 436
438 16. ZONING CLASSWICATION (1-02) 438
4411 Failure of this Agreement to contain the zoning classificatiun (~xo~,pt i~ cases where the property {and each parcel thereof, if subdividable} is z~ned 4411
441 solely or lcmimarily to permit single4nmHy dwellinss) will raider this Agreement voidable at the option of the Buyer, and, if voided, any deposits 441
44Z tendered by the Buyer will be ,~amed m ~ Buyqr withqut any requirement for court action. 442
444 [] ~IJ~CTED. Within 15 DAYS of the execution of this Agttemen~ Buyer will verify that the existing use of the Property as 444
448 given ~or ve~kation, notify Seller in writing that th= existing use of the. _~ is not permitted and this Agreement will be VOID, in which 448
447 case all deposit monies paid on account of purchase price will be ~=ned promptly to Buyer. Buyer's fa41nre to respond wiihln the ~ 44?
448 17. ~_=OAL NOTIC~ 448
46o ~ NOT APPLICABLE 46o
451 [] APPLICABLE 451
452 ']~H].q DO~ MAY NOT .~'~ J ~ COI~, ~ IN~t~ OR INSURB TI~ 'fl~ 'fO TI~ COAL AND RIOHTS OF S~ ~~ ~ S~A~ ~ 452
454 IN THAT CoNNEL~ON, DAMAOE lVlAY RI~ TO Tl~ ~,J~A~ Oi~ 'i~ ~ AND ANY 14OU{E, mUl~ OR OTHER ~TRUCTURB ON OR IN SUCH LAND.'~f]1IS 454
455 notice is set forth in the manner provided in Section 1 of the Act of July 17, 1957, P.L !)84.) "Buyer acknowledges that he may not be obtsining the 455
456 l~ght of prot~-'~un again{t subsiderlC~ l'es{~tin~ f~ co~l minin{ o[}~lqltiol~, and tl~ tl~ [31q3{w~y d~'Tih~d ~ may be 1~ f~orn dan~e 456
457 due to mine subsideuce by a private coutract with the owue~ of the eco~ in~ in the coal. This acknowledgen~ent is made for the puq3cee 45-7
456 ~comp~yin~withthepr~visions~f$eetlon~4~fthoBitumin~usMineSubsidenceandtheLandC~nservationAct~fAp~27~966.~ Buyer agrees 458
458 to sign the deed from Seller which deed ~ coutaiu the aloud provision. 458
460 18. POSSESSION (1-02) 460
461 (A) Possession is to be delivered by deed, keys and: , 461
462 I. Physical possession to vacant Property firee of debris, with all sumlcttm~ broom<lean, at day and lime of settlement, AND/OR 462
463 2. Assignment of existins lease(s), together with any security deposits and interest, at time of settlement, if Property is leased at the 483
464 execution of this Asreeme~or unless otbemwise specified heron. Buyes will acknowledge existing lense(s) by ini,i,tiqg said lease(s) at 464
485 time of execution of this Asreemenc 465
466 (B) SeUer will not enter into any new leases, written extension of existing leases, if any, or additional leases for the Property without the written 466
467 consent of Buyer. 467
468 19. RBCORDING(3-8~) ThisAgreementwi~~n~tberec~rdedinthe~~cefortheRec~rdin~~fDeeds~rinany~tber~~ce~rp~ace~fpublicrec~rd 468
469 and if Buyer causes or permits Chis Agreement to be ~ Seller may elect to treat such act as a breach of this Agreement. 468
470 20. ASSIGNMENT (a-85) This Asreement will be bindin~ upon the parties, their ~:tive behs, personal ~.sentatives, guardians and successors, 470
471 and to the extent aasignable, on the assigns of the parties he, to, it being expressly undemood, however, that Buyer will not transfer or assign this 471
472 Agreement without the written consent of Seller. 472
476 21. DF, P(~ff & RECOVERY TLrNI) (1.41~) · 476
474 (A) Deposits paid by Buyer within 30 DAYS of settlement will be by cash, cashier's or certified chectr Deposits, regardless of the form of 474
475 payment and the person designated as payee, will he paid in U.S. Dollars to Broker or pmmy identified in paral~a~ 30{), who will retain them 475
476 in an escrow account until consummation or termination of this Agreement in conformity with all appUcable laws and regulations. Any uncashed 476
477 check tendered as deposit monies may be held pendin~ the acceptance of this offer. 477
478 (B) Upon termination of this Agreement, the Broker holdin$ the deposit monies will release the deposit monies in accordang{{[w~ the terms of a 478
479 fully executed written agreement between Buyer and Seller. . l:,, . V'~/. 479
480 (C) In the event of a mspute over entitlement to deposit monies, a broker hoidids the ~eposi? monks is required by the Rules- and~R~gulations of '480
461 the State Real Estate Commission (49 Pa. Code §35.32?) to retain the monies in escrow until the dispute is resolved. In the event of litigation 481
~ THE FOLLOV~G APiILIES TO PROPERTIES THAT ARE PART OF & CONDOMINIUM OR A PLANNED COMMUNITY.
500 4~J
~ (A) ~ n~15 .__D. At~YeS/fa~le~Cs~U~onof,~isA..,g~.,mc. nt, S_cllc~willsub.~mta. requ~sttothcassocu~onforaCcrtffi~,ofRc~e~e~, sOO
s0~ ~,~. comfy win) m~,o~t. 'r~a Act providesm~ t~ asso~im~m i, requi~l to provide these dec~m,.~s
~ 10 day~ of SelJ~er's ~equesc , ,
~0~ (B)., Seller will proml~y ~eUver to Buyer aU documents received fromtbe mmocialion.~U~ler t~ Act, Seller. ~s no~ U~le to Buyer for ~ failu~ or
~04 delay of tJ)e association to provide the Certificate i~ a timely msnuer~ n~, is Sel]~ liabla to Buy~ for a.y em3~eeu~inform~on provJ~e~Lb~,
~0~ ~e associazionand im:indad in ~e Certificam,.
505 (C) Buyer may declare this Agreement VOID at any lime before Buyer's receipt o~ tl~ association documents and fo~ 5 days thereafter. OR uatil
507 settlement, whichever occurs first. Buyer's notice declaring dais Agreement void must be in writing; thereafter all deposit monies will be 50?
508 returned to Buy~=; . . ~ ·
· ~ ..... . ? · * 508
509 (D) lntbeeventtheasao¢iafionhimtharigb!tobuythaProp;~t]/(righloffu.,~, refus~l),andti~a~ocialion.exercise~that.~igh~Sell~willrcimbur~e. 5~.
510 Buyerf~ra~~m~hies~aidbyBuyer~nacc~unt~fPurchase~ric~andf~ranycostsincm.redbyBuyerf~r: (1) Title search, liQeinsuranceand/of.
512 sidence insurance, or fee for cancellation of same, if any; (3) Appraisal fees and charges paid in advance to mortgage lea~ar, if a~t.: 512
513 ~ MAIN'I'ENANC~&RI~KOFLOS~(,I-0~).: : c ~ .,.,.,: ..... ~ '..i,~,r..' s ..... . .r. '.; .....
515 wear and tear ax4#~:)le~ ~':.'.~' :,' 'i ;o ...'!~;~.,'.u,m:~r.': ........ '-~! ', :::. oi '-~, .:.:: ......
516 (B) In the event nny sl~#mR,~ or appUnnce included in the sale of the property fnils and Seller does na~ ~ ~ ~ iteaN Sell= wil~ i~a~
si? notify Buyer in ~ e~ Seller's choice to: ..: -... , ~ .,.. .:~:~, -,
51~ 1. Rep~¢ or appliance befor~ settlen~a~,~ ~ ~ .u~s Rt .~tl~ the fair maske~ vak~ of the failed syn._
520 the p.N-'I.i;ASE set fo~in OR 520
-~ 2. ma. li~'Ruym!..~ ~biMnarket value of the iai]ed system or 52~
523- . ,
525..: .:. · ~ .,: .:li~-.., ~ -'
52~ '.':.r, ::: · ....,"]l!~r~ !m;.'.:~'z~, ~-~c~ :,~ :::. .....
527 and this Agreement will be r .i~ iar<~Li~. I~_ .tO BulCmlu-.
: JE .~.. Lc:., ..: 527
528 (C) Seller will bear risk of lo~s from fu~ or ( _ t of damag'e by fire or other c:asualties to any prop- 528
529 eny included in
Al~l~II~ent and 529
530 promptly receiving all monies paid on account of purchase its then condition together with the lxoceeds 530
534 If this Agreement is contingent on Buyer's fight to
536 REl'E4~Ese~f°rf~i~ lmra~al~ 2~°ftl~r~me~ .~b~.,-n ~ c~ ~vad'~m ,~b ,~:n,~,o ;:,~'..,~ ~..
53? ~. R~.LRiSE (1-0'2) ~o~o : 537
538 BUVeF ~ ~ ~ ~
';~ ~ "~'J ..................... 538
540 any and all dnin~ iosmm or demmtd~ ~ h I~ [hl~ tm, pe~ hlt~l~ 540
541 O~ ~ BO~ kBOl~ OF BOt., 541
542~.. :~ ~; _l#'~.,l[~[ll~im~..~il~jl~ 542
544 Buyer °fanY right t° pnrsme any re~ that may be av~ under hw or eqmity. Thb~~ ,o~,,'~.n'F ~ 544
545 26. REP~ATIONS ~ q~ .~it~o. sitmm~l .oau~ ~b~b ~ ',o doa~'"a, im,n~a ~c~ .~nr,~b .~-,_at:~6~ a/~ ~-~;~', ~' ,, 545
~46 (A) Buyer undemanda tbata~y ~ claims, adva~dsin& [nn~itml~ll~J~l~t,~l~i~n. '~~~l~ Brok~ 54~
547 their licensees, emplo~.office~, o1' plflaerB are . ' . ~ F~l#al~il~,4Jlg~'.&f~nL It is 547
549 ¢OVellants, l~-prese~talioos, s~ 0~' coodiliolls, oral og od:ierwise of ally kifld whatsoever conceroiag this/-.~s~~ot~, this 549
55~ (B) t~sunderstondth~.]hyer~ms~n~thePr~pertybef~resi8nin~t~dsA~manent(~ndudin~xturesandanypers~na~pr~pert7 551
5535~2 :~.~,.~.~ .,.,,, .smxllk~~s~jt~~,mld~ ~,~wl,.IJ!w~M~~~ki~~mtmj
555 romnentai conditionf, the peruittal uses, or ofcondlM Imlsl!l~locale where the Pmpert~ is situated; nor have they made a 555
556 mechanical Inspection of any of the systems contained therdn. 556
557 -; (C)mAi~Y~~J~ Ib'~~~i]~'~lqlki~l~.~J~llJJ~'IJ~4~l".b..~lsb ~->~.s :',oLsim~t 'xJ bluod~ la~m¥~',~tA ;::: .~;
558 (D) Br~ker(s)maype~rmservicest~assistunrepresentedpar~esinc~mp~yin~wi~h~he~erms~ft~sAgreeqq~it::~r~ ~,..a,'~ a/,,%,,
559 (E) The headings, cap~ons, and-line numbers in this Agreement are meant only to make it easier to fred the paragraphs. 559
5~0 27. DEFAULT (1-O2) . 56O
561 (A) Seller has the option of retainin~ all sums paid by Buycr, including the deposit monies, should Buyec 561
562 1. Fail to make any additional payments as specified in para, t-apb 3; OR 562
563 2. Furnish false or incomplete information to Seller, Broker(s), or the monsage lender, if any, concemin~ Bhy~r's legal or financial status, 563
564 or fail to cooperate in the lxocessi~ of the mortgage loan application, which acts would result in the failu~ to obtain the approval of a 564
565 . mortsage loan commitment; OR 565
566 3. 'violate or fail to fulfill and p~'form any other terms or conditions of this A~reement. ' ' 566
568 following manne~: '~ ' '
569 I. On account oi'purchase price; OR *' 568
569
570 2. As monies to be applied to Seller's ~. OR
~7 29. SPECIAL CLAi~S~S (14~2) 58?
~8e ~A) The followi~ are ~ of thia Agreemeat if checked:
588
589 ~,,
C~atingency Addendum (PAR Form SSP) [] T~naut.-Occupizd Properly A(~eudmu ~PAR F.o,~ TOP) 5g0
~ , ~ ..... 595
'599
600 600
601 '
6Q1
,03 Bu~.r and Sdler acknowle~e recdvln~ a cop~ e~ thb ,4p'eenmt m~ the ttme ordplh~
604 604
606 - -' 608
614 ~ alLkal wheal ~ Jb¥ ~ IIl:l~ (1~~ ~ a~ tMar 614
615
6!8 ' 618
626 626
627 YV]'I?M'~.~S - ~ 627
630 Seller ~ app~ves the above contragt this (dl~) ,~'~P~'~fI~ :1O~lifl~ ~ 630
631 631
632; ~32
633 633
634 " 634
661 651
652
8~5 ~ ' ~ l~ The Licem~ inw)lved in ~ tmnsaettOu have informed Sell~of~dkVs oblipti6m underThe ]~da] l,~Based 666
6.~R I . Pglnf 1-19?~rd Rednefion Ac-d~ ,4'~ TS.~.C~ ~l.l~'7(d~. and are: flw~ of their restx~nsibflit'v to ensttre c(~lJJmce. 656
ADDENDUM TO STANDARD AGREEMENT FOI~ THE SALE OF REAL ESTATE
The Seller is selling the Property in its represeautative capacity as Guardian of the Estate
of Mildred J. Gerber, an incapacitated person. The Seller is required pursuant to Section 5521
of the Probate, Estates and Fiduciaries Code to obtain court approval of the Orphans' Court prior
to the sale of the Property.
This Agreement of Sale and thc duties and obligations of the Buyer and Seller hereunder
are contingent upon Seller receiving the approval of the Orphan~' Court Division of the Court of
Common Pleas of Cumberland County (the "Orphans' Court") to sell the Property. Seller shall
have sixty (60) clays from the date of signing of this Agreement of Sale by Seller to obtain an
order of the Orphans' Court approving the sale of the Property. Should the Orphans' Court fail
to issue an order approving the sale of the Property within such sixty (60) day period, Seller or
Buyer may elect in writing to terminate this Agreement of Sale. If this Agreemen; of Sale is.
ternfinated, all deposit monies paid on account of the purchase price shall be returned promptly
to Buyer, this Agreement of Sale shall be mill and void, and neither party shall have any further
obligations hereunder.
If the Orphans' Court denies Seller's request for approval of the sale of the Property, this
Agreement of Sale shall terminate, and any deposit monies paid on account of the purchase price
shall be returned promptly to Buyer, this Agreement shall be null and void, and neither party
shall have any further obligations hereunder.
.~..~,Y~ Seller Initials ~
Buyer Initials D--'~'~D ,4. ~$~'
450~07,1
, , MARK HECKMAN RF_.AL ESTATE APPRAISERS ,
Fie No. 623hillt
APPRAISALOF
SINGLE FAMILY APPRAISAL
LOCATED AT:
623 Hilltop Drive
New Cumberland, PA 17070
FOR:
PNC Bank/Attn: David Brown
4242 Carlisle Pike
Camp Hill, PA 17011
BORROWER:
NA
AS OF:
October 12, 2002
BY:
Mark W. Heckman
Mark Heckman Real Estate Apprmsers
Property Description UNIFORM RESIDENTIAL APPRAISAL REPORT
Prop~ A~,re~i ~23 Hilltop Drive ' City I~ew Cumberland State PA 7_~ ¢<~__ 17~70
L~al~ptbn Deed Book 22W, Page 387 C~nty Cumberland
A~sa~a"~ Pa-~ No. SEE MAP REFERENCE NUMBER Tax Ye~ 0~03 R.E. Tax~ S 2,371.87 S~ Aa~ta S -0-
B~;~- NA ~nt ~ Gerber~ Fred/Mildred O~nt: ~ ~T~- ~ Tena~ ~ Vamr
P~y~htsap~ ~ F.S~e ~ Le~;ih~ I Pmj~my~ ~ PUD ~ ~:~m(HU~Ao~)
Ne~h~ ~ P~ N~ Drexel Hills Map Ref~nm 26-24-0809-395 ~n~s Tad 0107
S~e P~ $ NA ~le ~ S~ NA ~1~ end $ a~nt ~ I~n ~n~ni lo ~ ~ ~ ~- NA
L~Qb~ PNC BanWAffn: David Bro~ Ad~ 4242 Carlisle Pike~ Camp Hill~ PA 17011
~ Ap~ Mark W. H~kman Ad~ 1309 Brid~ · Street~ N~ Cumberland~ PA 17070
~ PRI~ AGE 9 ·
I~"uP ~ ~,75% 25-75% Und, 25% occupancy '(~60 (") IO"~Y 0%l ~ ~l*dy ~ LAdy
I ~Y va~, ~ I~ Sta~ ~bbg T~nt 250 H~h ~J ~,~ / To
I ~n~p~ ~ Sh~ ' b~ ~-~ V~) ~?~ P~o~n,~ ~?~l ~ 5%1
~M~at~ ~ ~3~ 3~. ~6~. v~(~s) 190 ] 40 [Vacant
Note: Race and ~e r~lal ~po~on of ~e nelgh~rhood ~e not ap~al~l
Neighborhood b~nda~t end cha~d~t~: The subj~ prope~ is located in the Borough of N~ Cumberland.
Factom that affed the ~rketabi~y of the ~opeH~ in the ne~hb~ (~oxi~y Io e~loy~nt and a~n~s, employ~nt stab~y, appeal lo ~rket, etc.):
This suburban neighborhood has most public utilities available, relatively easy access to employment and sewices, and is competitive
with other neighbo~oods in the general area. Most have similar amenities. Market a~ivity indicates avemQe or barfer acceptance in
the market place. No unfavorable fa~ors were obse~ed which would adversely effe~ marketability.
Market conditions in the subject neighborhood (including supporl for the above conclusions related to the trend of property values, demand/supply, and marketing tim~
- - such as data on competitive properties for sale in the neighborhood, description of Ihe prevalence of sales and financing concessions, etc.):
THIS IS A "COMPLETE APPRAISAL - SUMMARY REPORT'. There are no foreseeable economic trends which might significantly
influence market conditions in this area. The current mortgage market offers a wide variety of conventional loans with competitive
interest rates. As a result, the terms of financing have little, if any, impact on sale prices. If interest rates remain reasonable, property
values and marketability should be good.
t Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? U YES L.] NO
Appmximatetctal number of units in the subject project NA Approximate total nun'~e~ofunits for sale in the subject project
Describe common elements and recreational facilities:
See Legal Descriptiol~ I Topography Slight Slope
Silo area .28 Ac: ~ Comer Lot [] Yea [] NoI Size Typical for area
Specif',: zoning classilrmation and deacription R-1 Residence Shape Rectangular
Zoningcom~ienee [] Legal ~ Legal~(Orand~hemduse) []Illegal [] Nozoning I Drainage Appears adequate
& best use as improved: [] Present use [] Other use (exldain) 'I View Average
Utilities Public Other Off-site Improvements Type Public Privatel Landscaping Average
Oas Cu~gutter Concrete Appoint easements None Observed
Water [] Sidewalk Concrete FEMA Special Rood Hazard Area [] Yea [] No
Sanitary sewer [~ Streatlights Standard FEMAZone C Map Data 2/16/77
Slcrmsewer None Nle/ None FEMA Map No. 420366B/H&I-01
Commenls (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning, use. etc.): Site has average
)rovements landscaping, and typical maintenance. The site improvements and services to the site are adequate and
~arket. 3 adverse easements encroachments or other adverse conditions on this site.
GENI~RAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION
No. of Unils 1 Foundation Co Block Slab NO Area Sq. FI. 950 Roof []
No. of Stories 2 Exte~or Walls Brick/Vinyl Cr~Smm None % Finished 0 Ceiling -- []
Type (Det.lAtt.) Detached Roof Surface Shingle Basement Full Basement Ceiing Unfinished Wah ~ []
Design (Style) 2Sty+Bsmt Gutters & Dwnsl~a. Aluminum Sump Pump None Walls CB/Panel Roor ~ []
Existing/Proposed Existing W'mlow Type Double Insul Dampnm None noted Roor Concrete None ~ []
Age (Yrs.) 40 Stonw'Scree~ No/Yes Settlement None noted Outside Entry None ~ ~ []
Effedive Age (Yrs.) 20 Manufactured House NO Infestation None noted
ROOMS Foyer Living Dining Kitchen Den Farnly Rm Re¢. Rm Bedrooms # Baths Laundrj Other Area Sq. Ft.
8asum~ X 950
Level 1 X 1 1 1 I .5 950
Loyal 2 5 2 1,064
~]_. 0
Finished a'ea above grade contains: 9 Rooms; 5 Bedroom~s); 2.5 Bath(s); 2, 014 Square Feet of Gross Living Area
Fkxxs VinyllCpUHWd/A Type FA Reffigeralcr [~l None [] Fi'eplace(s)#1 None []
Walls Drywall/Average Fuel Gas Range/Oven IXI I Slam · [] Patio Rear Garage 2 # of cars
Trim/Finish Wood/Average CondilionAvg. , Disposal ~J Drop Stai' [~ Deck [] Attached 2
Mark Heckman Real Estate Appra,sers
Valuation Section UNIFORM RESIDENTIAL APPRAISAL REPORT F.o No. 623hillt
ESTIM^TEDS!TE VALUE ........................... = $ Commenls on Cost Approach (such as, source of cost eslimate,
ESTIMATED REPRODUCTION COST-NEWOF IMPROVEMENTS: site value, square fool calculation and for HUD, VA and FmHA, the
Dwelling Sq. Fl. Q $__ = $ estirnated remaining economic life of Ihe properly):
Sq. Ft. 4)$__ =
~ __Sq. Ft. QS =
Total Estimated Cost New = $
Less Physical I Functional I External Est. Remaining Econ. Li~e:
Depr. cialio. I I = $
DelX~:iated Value of Improvements ................... = $
'As-is' Value of Site Imw'ovemants ................... = $
INDICATED VALUE BY COST APPROACH ........... = $
ITEM I SUBJECT COMPARABLE NO. t COMPARABLE NO. 2 COMPARABLE NO. 3
S23 Hilltop Drive 105 Parkview Road 108 Valley View Road 702 Hilltop Drive
New Cumberland New Cumberland New Cumberland New Cumberland
2 Blocks 2 Blocks 1 Block
Sales Price NA $ 17~ S $
~~.NN 0.00 {Z) $ 78.81 ~ $ 87.79 ~ 74.53 ~
and/o~ Inspection Assessment Records & MLS Assessment Records & MLS Assessment Records & MLS
Sources
VN.tJE~ DESCRIPTION DESCRIPTION DESCRIPTION DESCRIPTION
Conventional : Conventional Conventional
None Known : None Known None Known
Date of Sale/T'rfle 12/28101 +5 8/16101 +9 1/15/02
Location Suburban/Good Suburban/Good ' Suburban/Good Suburban/Good
31e
Site .28 Ac .25 Ac °, .26 Ac ', .37 Ac
d~ Better Than Ave
401eft 20 32/eft 20 42/eft 20 yrs. ;
Better Than Ave Good : Good Better Than Ave
Above Grade
Room Count g: 5: 2.50 8: 4: 2.50 i +4,000 8: 4: 2.50 +4,000 8: 4: 2.50j +4,000
Basam~ & F.~ed Full Basement Full Basement : Full Basement Full Basement
Rooms BelowGrade Unfinished Rec Room/Bath Unfinished Rec Room
, ·
GFA/Central Air OFA/No Ct Air OHWlCentral Air: OHWlCentral Air
Efr~i~ Items for Area for Area ' ) for Area ' for Area
2 Car Gars 2 Car Gars e/Att: Car Garage/Att ! 2 Car Garage/Att ,
Porch, Patio, Deck, Porch & Patio Patio : -1,000 Porch & Patio : Screen Porch '
)lace ' )lace ' 31ace
None None : Screen Porch None
Good Kitchen Enclosed Porch : Excellent Kitchen : -4 e Kitchen +4
S 16 $
$ 176 $ 180 $ 168
Comments on Sales Comparison (including the subject properly'$ compatibility to the neighborhood, etc. ): See Attached Addendum.
ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
I No prior sale other No prior sale other No prior sale other
Sourcef~r pd~saleaDate' Price and Data None I than that listed above.
than that listed above, than that listed above.
1
Of any current agreement of sale, option, m' listing of the subject Ixopefty and analysis of any prier sales of subject and oomparables within o~e year of the date of apffalsal:
to information provided by the multi-list services in this region, the subject property has not been listed for sale within the
INDICATED VALUE BY SALES COMPARISON APPROACH ..................................................... $
'INOICATEDVALUEBYINCOMEAPPROACH(IfApplicable) EstimatedMarkstRent$ N/A Mo. xGroesRe.tMuaiplier N/A =$ NA
· CooditionsofAplnisal: This appraisal report has been prepared with the property in "as is' condition. No repairs are needed or required.
Accordin to records rovided b the county.assessment office the sub'ect ro ert has not transferred in the past year.
ADDENDUM
Borrower: MA File No.: 623hillt
~roperty Address: 623 Hilltop Drive Case No.:
City: New Cumberland State: PA Zip: 17070
Lender: PNC BanldAttn: David Brown
Comments on Sales Comparison
Days on market: Comparable No. 1:6 days; Comparable No. 2:6 days; Comparable No. 3:91 days. After a thorough
search of all available market data, the three sales used are considered to be the best indicators of value. In order to find
comparable sales it was necessary to use less recent sales. Time adjustments are baaed on appropriate research of the
market data in the market area. Appropriate adjustments have been made for all differences. All three sales are considered
to be reliable indicators of value, and are weighted similarly in the final reconciliation. Comparable sales used are all closed
sales. All three comparable sales are located in the same market area as the subject and would be considered by the same
prospective purchaser of all were on the market at the same time as the subject.
Final Reconciliation
This appraisal assumes a reasonable marketing period for the subject property of four months. The Sales Comparison
Analysis reflects recent activity in the market place and is given the most weight. The Income Approach is inappropriate
because few single family houses are rented in this market. In view of the age of these improvements, the Cost approach
cannot be considered an accurate indicator of value.
DIMENSION LIST ADDENDUM
J Borrower: NA° File No.: 623hillt '
Property Address: 623 Hilltop Drive Case No.:
City: New Cumberland State: PA Zip: 17070
GROSS BUILDING AREA (GBA) 2,964
GROSS LIVING AREA (GLA) 2,014
Ama(s) Area % of GBA
Li~ing 2,014 67.95
L~el '1 950 32.05
L~ 2 1 ~064 35.90
L~ 3
aaserr~t 950 32.05
Garage
~ea Measurements ~ea Type
Measure~nts FaVor Total Level1 Level2 Level3 ~her Bsa. Garage
28.00 x 38.00 x I = 1,064.00 ~ []
X X =
X X =
X X = []
x x = [] [] [] []
X -- X --
x__,__= [] [] [] [] [] []
File No. 623hillt
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 etimulue. Implicit in thie definition is the consummation of a sale as of a specified date and the passing of title from
seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised,
and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment
is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal
consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the
sale.
'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the
seller pays these costs in virtually all sales transactione. 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 LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the titleto it. The
appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
indudod only to assist the reader of the rel:xxt in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data
sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the
appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific
arrangements to do so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and
are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous
wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal
research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden
or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic
substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no
guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the
appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
items that were furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,
repairs, or alterations on the assumption that completion of the improvements will he performed in a w(xkmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the
annraieal rc, nnrt linrh,~linn r. nn~',h~inn~ ',hnllt thA nfnnArtv value, the aoofaiser's identity and orofessional desianations, and references to
, File No. 623h, illt
APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than,
the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a
comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted
sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the
appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my
knowledge, that all statements and information in the appraisal report are fl'us and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject
only to the contingent and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal
interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the
estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the
prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the
subject property.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my
compensation for performing this appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any rel;~ted party,
the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a
specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal,
with the exception'of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable
time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section.
8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the
subject site, or on any site within the immediate vicinity of the subject'property of which I am aware and have made adjustments for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented
about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal
report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in
the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it.
10. This appraisal is based on readily observable conditions and is not to be considered as a thorough home inspection to
analyze or warrant the subject property and/or its mechanical systems.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies
and agrees that: I directly supervise the appraiser who'prepared the appraisal report, have reviewed the appraisal report, agree with the
statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 623 Hilltop Drive, New Cumberland, PA 17070 ',
APPRAISER: SUPERVISORY APPRAISER (only if required)
Mark Heckman Real ~state Appraisers
USPAP COMPLIANCE ADDENDUM
~ ~ ~ , ~, File No. 623hillt
Borrow*r NA 'Ord,~ #
Prot~rty Adarm 62;~' Hilltop Drive
City New Cumberland county Cumberland state PA Zip Cod~ 17070
Lend~/Client PNC Bank/Attn: David Brown Client Ref~enc~ #
Only thote items checked[] below at~t~lv to this report.
[] The purpose of the appraisal is to provide an opinion of market value of the subject property aa defined in this report, on behalf of the appraisal
company facilitating the usignment for the referenced client aa the intended user of the report. The only function of the appraisal is to assist the
client mentioned in this report in evaluating the subject property for lending purposes. The use of this appraisal by anyone other than the stated
intended user, or for any other use than the stated intended use, is prohibited.
[] The purpose of the appraisal ia to provide an opinion of market value of the subject property, as defined in this report, on behalf of the appraisal
company facilitating the aseignment for the ref~enced client aa the intended user ofthis report. The only function of the appraisal is to assist the
client mentioned in this report in evaluating the subject property Real Estate Owned (REO) purposes. The use of this appraisal by anyone
other than the stated intended user, or for any other use than the stated intended use, is prohibited.
]The purpose of this appraisal is to , on behalf of the appraisal company facilitating the assignment for
the referenced client aa the intended user ofthis report. The only function ofthe appraisal is to assist the client mentioned in this report in
evaluating the subject property for . Thc use of this appraisal by anyone other than the stated intended
user, or for any other use than the stated intended use is prohibited.
[] This is a Complete Appraisal written in a Summary Report format and thc LISPAP Departure Rule has no.__.~t been invoked.
[] This is a Limited Appraisal written in a Report format and the USPAP Departure Rule has been invoked as disclosed in
the body or addenda ofthe report. The client has agreed that a Limited Appraisal is su~cient for its purposes.
] The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject
property and neighborhood, and selection of comparable sales, listings, and/or re. ntals within the subject market area. The original source of the
comparables is shown in the Data Source section ofthe market grid along with the source of confirmation, if available. The original source is
presented 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 extent o£nnalysis
applied to this assignment may be further imparted within the report, the Appraiser's Certification below and/or any other Statement of Limiting
Conditions and Appraiser's Certification such aa may be utilized within the Freddie Mac form 439 or Fnnnie Mae form 1004b (dated 6/93), when
applicable.
] A reasonable marketing time for the subject property is 120 day(s) utilizing market conditions pertinent to the appraisal assignment.
[] A reasonable exposure time for the subject property is day(si.
I certify that, to the best of my knowledge and belief:
The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclustions are limited only by the reported assumptions and limiting conditions, and are my personal,
impartial, and unbiased professional analyses, opinions, and conclusions.
[ have no present or prospective interest in the property that is the subject of this report, and no personal interest with respect to the parties
involved, unless otherwise stated within the report.
I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
My engagement in this assignment was not contingent upon developing or reporting predetermined results:
My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in
value that favors the cause of the client, the amount ofthe value opinion, the attainment ora stipulated result, or the occurrence ora subsequent
event directly related to the intended use of this appraisal.
My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of
Professional Appraisal Practice.
I have [] or have not [] made a personal inspection of the property that is the subject of this report. (if more than one person signs this report,
this certification must clearly specify which individuals did and which individuals did not make a personal inspection ofthe appraisal property.)
No one provided significant professional assistance to the person signing this report. (If there are exceptions, the name of each individual
providing significant professional assistance must be stated.)
NOTE: In the case of any conflict with a client provided certification fi.e.. Fannie Mae or Freddie blue), this revised certification shall take
precedence.
Supervisory Appraiser's Certification: if a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly
supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of
the appraiser, agree to be hound by the appraiser's certifications numbered 2-7 and 9 on the second page of Freddie Mac Form 439 6-93/Fannie
Mae Form 1004B 6-93, or the third page of Form 2055. and am taking full responsibility for the appraisal report.
SUBJECT PROPERTY PHOTO ADDENDUM
I9orr0wer: NA , File No.: 623hillt
Prope. ty Add~:ess: 623 Hilltop Drive ' Case No.:
City: New Cu~'~berlanc~ State: PA Zip: 17070
FRONT VIEW OF
-.-~ ~, -~_-.~'~ SUBJECT PROPERTY
~.,........~ t" ? ~ ~-, Appraised Date: 10/12/02
I"1 I;I Appraised Value: $175,000
REAR VIEW OF
SUBJECT PROPERTY
STREET
SCENE
SUBJECT PROPERTY PHOTO ADDENDUM
IBorrower: NA , File No.' 623hillt
Property Address: 623 Hilltop Drive Case No..
City: New Cumberland State: PA Zip: 17070
. . FRONT VIEW OF
:"~ ."" SUBJECT PROPERTY
~'"- . ..,...~:2~ /~ -~':' ......... Appraised Date: 10/12/02
I,1 Iii - Appraised Value: $175,000
REAR VIEW OF
SUBJECT PROPERTY
STREETSCENE
COMPARABLE PROPERTY PHOTO ADOENDUM
9orrower' =' iA , F~ie No 6231~dit
Prope~_~(_~ddres, s: 623 Hdltop Dr~ve ~ ' - Case No.: '
City: New Cumberland State: PA Zip: 17070
COMPARABLE SALE #1
.\
105 Parkwew Road
· -. tl ~;' New Cumberland
~..~N~. ~ :~,-.~~ Sale Date: 12/28/01
Sale Price: $178.500
COMPARABLE SALE #2
108 Valley View Road
Iti I11 New Cumberland
Sale Date: $/16/01
Sale Price: $197,000
i' 7,.~, .'., ;' ,, .:
~'.. ' ?. ;:- -.. ,,
,~,.. COMPARABLE SALE
~ .... '~: 702 Hilltop Drive
~¢-. . ....-
'.,~ ~;~:: New Cumberland
~., Sate Date: 1/15/02
....... .~ Sale Price: $ !65,000
SKETCH ADOENDUM
JJ ~) --\ J/
Hilltop
' 623
ALE1
Mag 16.00
Wed Oct 23 13:01 2002 [] E)dt
Scale 1:7,812 (at ce~t~) ~' Small Toum
CERTIFICATE OF SERVICE
I hereby certify that on the ~b, day of ~x~O'qecr~ ~IC('- , 2002, a tree and correct
copy of the "Petition to Sell Real Estate at Private Sale Pursuant to 20 Pa. C.S.A. §5521(b)" was
served by means of United States mall, certified, remm receipt requested, upon the following:
Richard C, Rupp, Esquire
Rupp and Meikle
Attorneys for Frederick E, Gerber, II, Guardian
of the Person of Mildred J. Gerber
355 North 21st Street, Suite 205
Camp Hill, PA 17011
Stanley J. A. Laskowski, Esquire
Caldwell & Keams
Attorney for Marilyn J. Gerber
3631 North Front Street
Harrisburg, PA 17110
Marilyn J. Gerber
42 Drexel Place
New Cumberland, PA 17070
Jane N. Heflin
270 N. Garfield Street
Lombard, IL 60148, PA 17033
Stepha~ie H. Peck