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01-29-08 (2)
w at 15056041169 REV-15 0 0 EX (06-05) OFFICU~L USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Numt~er PO Box 280601 INHERITANCE TAX RETURN 21-07-0465 Harrisburg,PA17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 184-12-335 04302007 04121922 Decedent's Last Name MILLER Suffix Decedent's First Name HERMAN ~If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MILLER REGINA Spouse's Social Security Number 202-20-7689 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS MI E MI K FILL INAPPROPRIATE BOXES BELOW ® 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required death after 12-12-82) 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 1 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty CredB (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -• THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number NANCY M. HUGHES, ESQUIRE 717-299-5201 -`, Firm Name (If Applicable) BARLEY SNYDER LLC First line of address 126 EAST KING STREET Second line of address City or Post Office LANCASTER Correspondent's a-mail address: State ZIP Code PA 17602 REGISTER OF WILLS l ®ONLY ' ' -- C~ " - -, _ -- `" ~ -; _~ . 'rn fU - -- ~ ~ - _.. ;---, - - ..~ _ . - _.- ~.FIAATE FILED --- Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is tme, correct a mplete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE PER ON RE ON -0R FILING RETURN DATE ~.. '' ~; ~~c ..T ~~ o r ~ z z /o S ~-c_ ADDRESS C/O BARLEY SNYDER LLC, 126 EAST KING STREET, LANCASTER, PA 17602 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE BARLEY SNYDER LLC By:~ .~_ (- (~ - U?r ADDRESS 126 EAST KING STREET, LANCASTER, PA 17602 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041169 15056041169 J ~~ i ~ 15056042160 REV-1°.i00 EX Decedent's Social Security Number Decedent's Name: HERMAN E MILLER 184-12-3356 RECAPITULATION 1. Real estate Schedule A 18 5, 0 0 0. 0 0 ( ) ............................................. 1. 2. Stocks and Bonds (Schedule B) .......... ....... 2. 15 , 3 9 9 . 4 7 ....................... 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. 2 3 , 3 7 5 . 6 0 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested ... .... 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested ... .... 7. 4 9 , 9 0 0 . 0 0 8. Total Gross Assets (total Lines 1 - 7) ............................... .... 8. 2 7 3 , 6 7 5 . 0 7 9. Funeral Ex nses & Administrative Costs Schedule H Pe ( ) ................. g. .... 2 2 , 111.7 8 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............ ... 10. 2 0 , 4 4 5 . 3 6 11. Total Deductions (total Lines 9 & 10) ............................... ... 11. 4 2 , 5 5 7.14 12. Net Value of Estate (Line 8 minus Line 11) ........................... ... 12. 2 31 , 117.9 3 13. Charitable and Governmental Bequests/Sec 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. .. 2 31 , 117.9 3 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .000 104, 109.47 15. 16. Amount of Line 14 taxable 12 7 , 0 0 8 . 4 6 at lineal rate x .04 5 1 g_ 17. Amount of Line 14 taxable at sibling rate x .12 17. 18. Amount of Line '14 taxable at collateral rate x .15 18. 19. TAX DUE ........................................................ 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 0.00 5,715.38 5,715.38 Side 2 15056042160 15056042160 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21- 0 7- 0 4 6 5 DECEDENTS NAME Herman E. Miller STREETADDRESS 506 Park Avenue CITY New Cumberland STATE PA ZIP 17070 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 5 , 715.3 8 2. CreditslPayments A Spousal Poverty Credit B. Prior Payments C. Discount Total Credits (A + B + C) (2) 0 . 0 0 3. Interest/Penalty ifapplicable D. Interest E. Penalty Total InteresUPenalty (D + E) {3) 0 . 0 0 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box an Page 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 5 , 715.3 8 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 5 , 715.3 8 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ........................................ .. ~ Q 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 ocx;urred after December 12,1982, did decedent transfer property within one year of death without rereiving adequate consideration? .................................................. .. 3. Did decedent own an "intrust for' or payable upon death bank account or security at his or her death? ... .. 4. Did decedent own an Individual RetirementAccount, annuity, or other non-probate properly which contains a benefiaary designation? ........................................................ .. IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value oftransfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116(a)(1.1.)(i)]. For dates of death on or after January 1,1995, the tax rate imposed on the net value oftransfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116(a)(1.1}(i)]. The statute does not exemat 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 Juty 1, 2000: The tax rate imposed on the net value oftransfers from a deceased childtwenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero {0) percent [72 P.S. §9116(a)(1.2)J. The tax rate imposed on the net value oftransfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. ~ ,. REV-1502 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 All real property owned solety or as a tenant in common must be reported at fair market value. Fair market value is defined as the price ai which property would be exchange between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge ofthe relevant facts. {If more space is needed, insert addftional sheets of the same s¢e) •~ , a REV-1503 EX+ (6-96) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS 8~ BONDS ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 All property jointly-owned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) .• ,s REV-1508 EX+ (6-98) SCHEDULE E + CASH, BANK DEPOSITS, & MISC. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 InGude the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-0wned wdh right of survivorship must be disclosed on Schedule F. ITEM VALUEAT DATE NUMBER DESCRIPTION OF DEATH 1. Homestead 32 Aqua Chalet Boat - value per sale price 6,841.54 2. Trailblazer vehicle - value per sale price 13,000.00 3. Assets of the Herm Miller Orchestra: 1992 Wells Cargo Trailer - value per sale price 500.00 M&T Bank - checking account 880.06 4. U.S.. Treasury - VA insurance return of premium 94.20 5. Verizon - medical reimbursement 59.80 6. Household furnishings and miscellaneous tangible personal property 2,000.00 TOTAL (Also enter on line 5, Recapitulation) I $ 2 3 , 3 7 5 . 6 0 (If more space is needed, insert additional sheets of the same size) ,~ ,, REV-1510 EX+(6-98) SCHEDULE G ^^ INTER-VIVOS TRANSFERS & COM NHER~ITANCETAXRETURNAN~ MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 This schedule must be completed and filed it the answer to any of questions 1 through 4 on the reverse side ofthe REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OFTHETRANSFEREE, THEIR RELATIONSHIPTO DECEDENT AND THE DATEOFTRANSFER.ATTACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUEOFASSET 96 OF DECD'S INTEREST EXCLUSION (IF APPLICABLE} TAXABLE VALUE ~. Verizon pension benefit - payable to spouse 49, 900.00 100 0 49, 900. o0 TOTAL (Also enter on line 7, Recapitulation) ~ S 4 9, 9 0 0. 0 0 (If more space is needed, insert additional sheets of the same size) ,. REV-1511 EX+ (10-06) COMMONWEALTH OF PE'.NNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 Debts of decedent must be reported on Schedule [. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: t~ Parthemore Funeral Home & Cremation Services, Inc. - funeral bill 8,795.01 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City _ Year(s) Commission Paid: State ZIP 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant 4. 5. 6. 7. Street Address City State Relationship of Claimant to Decedent Probale Fees Accountant's Fees Tax Return Preparer's Fees See attached ZIP TOTAL (Also enter on line 9, Recapitulation) I S (If more space is needed, insert additional sheets of the same size) 5,000.00 330.00 7,986.77 22,111.78 r ~ ~ Pennsylvania Inheritance Tax Return - No. 21-07-0465 Estate of Human E. Miller SSN: 184-1:?-3356 Schedule H -Item B.7 Sageworth Trust Company -administration fees $2,500.00 Register of Wills -short certificates 4.00 Patriot News -estate notice 146.70 Cumberland Law Journal -estate notice 75.00 Register of Wills -filing fee for Pennsylvania inheritance tax return 15.00 Susquehanna Marine Surveys -boat appraisal 250.00 Mark Heckman Real Estate Appraisers -appraisal fee 350.00 Allstate Insurance -boat insurance 170.00 Peerless Insurance Co. -trailer insurance 72.00 Big Bee Boats Ltd. -fee to transport boat to broker for sale 100.00 Costs to maintain real estate pending sale: Peerless Insurance Co. -homeowner's insurance $ 600.00 School tax 1,389.44 PPL -electric bills 1,366.96 Pa. American Water 107.87 Sewer/trash bill 64.80 Reserve 775.00 4,304.07 7 986.77 z 129s~z. i . .r REV-1512 EX+ (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, 8~ LIENS ESTATE OF Herman E. Miller FILE NUMBER 21-07-0465 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. (If more space is needed, insert additional sheets of the same size) j J REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Herman E. Miller 21-07-0465 RELATIONSHIPTODECEDENT AMOUNT OR SHARE NUMBER NAMEANDADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not list Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS Jinclude outright spousal distributions, and transfers under Sec. 9116(a)(1.2)J See attached ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWNABOVE ON LINES 15 THROUGH 1 8, AS APPROPRIATE, ON REV-1500 COVER SHEET [[ NON-TAXABLE DISTRfBUT10NS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICHAN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLEANDGOVERNMENTALDISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET S (If more space is needed, insert additional sheets of the same size) Pennsylvania Inheritance Tax Return - No. 21-07-0465 Estate of Herman E. Miller SSN: 184-12-3356 Schedule J I. Taxable Distributions: Number Name and Address 1. Regina Miller 506 Park Avenue New Cumberland, PA 17070 Relationship Amount or Share Spouse Vehicle, Verizon pension and 1/4 residue of estate 2. Timothy Miller 22321 Hart Street Canoga Park, CA 91303 3. Sharon P. McCullough P.O. Box 310 Cashtown, PA 17310 4. Karen L. Otto P.O. Box 601 Mount Gretna, PA 17064 Son Orchestra assets, tangible personal property* and 1/4 residue of estate Daughter Tangible personal property* and 1/4 residue of estate Daughter Tangible personal property* and 1/4 residue of estate * NOTE: Pl~rsuant to Section 3 of the will, decedent's tangible personal property (other than his vehicle and the trailer used in connection with the Orchestra) is distributable to his spouse and children to be: divided as they agree. All such property is being distributed among decedent's children. 2129586.1 Pennsylvania Inheritance Tax Return - No. 21-07-0465 Estate of Herman E. Miller SSN: 184-12-3356 Calculation of Taxable Shares: To Spouse Vehicle Verizon pension 1/4 residue To Timothy M. Miller: Orchestra assets 1 /3 tangible personal property 1/4 residue To Sharon McCullough: 1/3 tangible personal property 1 /4 residue To Karen Otto : 1 /3 tangible personal property 1 /4 residue $13,000.00 49,900.00 41,209.47 $104,109.47 1,380.06 666.67 41,209.47 666.67 41,209.46 666.66 41,209.47 $127,008.46 2160885.1 Will of Herman E. Miller I, Herman E. Miller, of Cumberland County, Pennsylvania, hereby revoke all prior wills and codicils and make, publish, and declare this instrument to be my last will. Section 1. References. (a) As used in this will, my children include Sharon McCullough, Karen Otto, and Timothy Miller (my "Children"), my stepchildren include Sara Anne Kaufman and Katherine Grimes (my "Stepchildren" or "Stepdaughters"), and my spouse is Regina Miller. (b) The word "fiduciary" in this will includes an executor, a trustee and a guardian; unless the sense is otherwise, each of these words includes its plural. A male form of pronoun includes the female. (c) Whenever any property passing under this will is directed to be distributed to or divided into shares in respect of the descendants who are then living, per stirpes, of an individual, the property shall first be divided into as many equal shares as there are children of the individual who are then living and deceased children of the individual with descendants who are then living. One equal share shall then be distributed to or set aside in respect of each child of the individual who is then living, and one equal share shall be divided into shares in respect of the descendants who are then living, per stirpes, of each such deceased child of the individual as provided herein, and such shares, shall then be distributed to or set aside in respect of each such descendant. Section 2. Fiduciaries. (a) Executors. I appoint my grandson Gene P. Otto N to serve as executor of this will. If he shall fail to qualify or cease to act as executor, I appoint my daughter Sharon McCullough as successor executor. (b) Trustees. I appoint my grandson Gene P. Otto N to serve as trustee of any trust created under this will. I;c) Guardians of Estate. I appoint my trustees to serve as guardians of the estate of any minor with respect to all property for which a guardian may be appointed by this will. The guardians shall not use any income or principal to satisfy an obligation of support or other legal obligation of any other person in respect of the minor. Section 3. Tangible Personal Property. I give any motor vehicles (excluding any boats or trailers) I own at the time of my death to my spouse. I give all my tangible personal property, not including any trailers, boats or property used in a trade or business, together with all my rights with respect to all insurance relating to this property, to my children and my spouse who survive me, to be divided among them as they may agree, or, if and to the extent they cannot agree, the property sh<rll be divided among them as my executor may in his sole discretion determine, provided that my executor may in his sole discretion sell any property over which there is a dispute or disagreement and dispose of the proceeds as part of my residuary estate. I suggest to my children and my spouse, but I do not direct, that they distribute a part of the property in accordance with any lists or labels I leave at the time of my death. All costs of insuring, packing, shipping, and delivering this property shall be paid by my executors as a general administration expense of my estate. (As of~ the date of this will, I do not own any tangible personal property located at 518 Park Avenue, New Cumberland, Pennsylvania.) Section 4. The Herm Miller Orchestra. I give all of my interest in my band, known as the Herm Miller Orchestra, including all of the property, assets and liabilities used in connection wiah or relating to the band, except any motor vehicles, to my son Timothy Miller. Property used in connection with or relating to the band includes, without limitation, receivables of the band, the band bank account, sheet music, music stands, trailers, business records and other documents relating to the band, and amplification and other sound equipment. Section 5. Residence. If I own the residence located at 506 Park Avenue, New Cumberland, Pennsylvania (the "Residence") at the time of my death, I give to my spouse, if she survives me, t11e right to use the Residence as a personal residence, together with the right to use in connection with the Residence any tangible personal property owned by me that is customarily used in connection with the Residence (such property and the Residence are referred to, together, as the "Property"), fc-r the life of my spouse or until such time as my spouse ceases for any reason to use the Residence as a personal residence. My spouse shall keep the Property in good condition and repair, shall pay all taxes in respect of the Property, and shall keep the Property insured against loss, theft, or damage at its fair market value, but shall not be required to give a bond or other security. Subject to the preceding sentence, all charges in respect of the Property shall be allocated between my spouse anti the remainder beneficiaries in the manner provided by law. However, my spouse shall advance t:he funds needed to pay any charges allocable to the remainder beneficiaries, and the remainder beneficiaries shall reimburse my spouse for the funds advanced by my spouse, without interest, when the Property passes to the remainder beneficiaries pursuant to the following sentence. Upon the death of my spouse, or at such time as my spouse ceases for any reason to use the Residence as a personal residence, the Residence shall be sold and the net proceeds shall be distributed under Section 6 of my will, and the tangible personal property shall be distributed pursuant to Section 3 of my will. Section 6. Residuary Estate. I direct that all the residue of my estate, of whatever nature and wherever located, shall be liquidated in a manner determined appropriate by my executor in his sole discretion and any proceeds remaining after the payment of my debts, expenses of administration, and other charges against my estate, including my funeral expenses and any death taxes; chargeable to my estate, shall be distributed, in equal parts, to my spouse, if she is then living, and my Children who survive me, per stirpes, such that each of the foregoing individuals shall receive aone-fourth share; provided, however, that if my spouse does not survive me or if she is not living at the time property is to be distributed pursuant to Section 5 above, my spouse's share shall be divided equally among my Children, per stirpes. Section 7. Younger Beneficiaries. Whenever any property, whether income or principal, shall otherwise be distributable pursuant to the provisions of this will to a beneficiary who 2 has not reached the age of 21 years (except as to a distribution of some or all of my tangible personal property), my trustees shall hold the property in a separate trust to be managed for the benefit of the beneficiary. Until the beneficiary reaches the age of 21 years, or until the prior death of the beneficiary, my trustees may in their sole discretion pay or apply the net income or principal of the trust to or for the benefit of the beneficiary. Any income that is not distributed shall be added to principal. When the beneficiary reaches the age of 21 years, or upon the prior death of the beneficiary, my trustees shall distribute all property then belonging to the income and principal of the trust to thE; beneficiary or the estate of the beneficiary. Section 8. Administrative Powers. I authorize my fiduciaries, with respect to all property held by them in any capacity under this will, to exercise in their sole discretion and without prior authority from any court, in addition to all powers conferred on them by law, the following powers: (a) Power to purchase or otherwise acquire and to retain any property, whether or not authorized for investments by law, and whether or not productive, without diversification as to kind or amount, provided that my spouse shall have the right to require my trustees to convert any property that :is unproductive into productive property with respect to any trust created under this will that may qualify for the marital deduction in determining the federal estate tax on my estate. (b) Power to transfer, sell, exchange, partition, lease, mortgage, pledge, give options upon, or otherwise dispose of any property, at public or private sale or otherwise, for cash or other consideration or on credit, and upon such terms and conditions, with or without security, and for such price as they may determine. (c) Power to hold cash uninvested in such amounts, at such times, and for such periods as they may determine. (d) Power to hold or register any securities or other property in the name of a nominee or in such form as to pass by delivery, with or without indicating their fiduciary character. (e) Power to vote any corporate stock in person, through designees, or by proxy, with or without power of substitution, and to execute authority or proxies to one or more designees or nominees. (f) Power to join in and to deposit securities under any plan of lease, mortgage, merger, consolidation, reorganization, foreclosure, or voting trust and generally to exercise all the rights and powers of a security holder of any corporation. (g) Power to borrow money and to pledge property to secure the borrowing without incurring personal liability. (h) Power to compromise or settle claims and other controversies on such terms as they shall determine. (i) Power to invest in the stock or other securities of any corporate fiduciary or the holding company of any corporate fiduciary or in any common trust fund maintained by any corporate fiduciary or any affiliate of a corporate fiduciary. (j) Power to continue or to permit the continuation of any business, whether incorporated or unincorporated, for such period, or to recapitalize or liquidate the business upon such terms, as, my fiduciaries shall determine, including power to invest additional sums in the business, power to make loans to the business and to guarantee and to pledge or mortgage property as security for loans made to the business by other lenders, power to act or select other persons to act and to receive or to authorize other persons to receive compensation for acting as directors, officers, or other employees of the business, without regard to whether they are fiduciaries or beneficiaries, ;and power to make such other arrangements in respect of the business as my fiduciaries ma}r determine. (k} Power to permit any person having an interest in the income of any trust created under this will to occupy any real property forming part of the trust upon such terms as my trustees shall deem proper, whether rent free or in consideration of the payment of taxes, insurance, maintenance, and ordinary repairs, or otherwise. (1) Power to allocate any property received or any charge incurred either to principal or income or partly to each without regard to any law defining principal and income, provided that this power shall not be exercised with respect to any trust held for the benefit of my spouse that qualifies or may be qualified for the marital deduction in determining the federal estate tax on my estate. (m) Power to exercise any tax elections provided by law without requiring adjustment beri~veen principal and income for any resulting effect on income or estate taxes. (n) Power in my executors to elect that all or any portion of a trust for the sole use of my spouse shall be subject to inheritance tax at my death rather than the death of my spouse. (o) Power to divide any trust created under this will into two or more separate trusts based on the fair market value of the trust assets at the time of the division. (p) Power to combine any trust created under this will with any other trust having substantially similar provisions, whether created under this will or created by me or another person under a different instrument. (q) Power to change the situs of any trust held under this will from the jurisdiction in which the trust is then being administered to a different jurisdiction by a signed instrument filed with the trust records. (r) Power to terminate any trust held under this will by distributing the principal of the trust to or among the beneficiary or beneficiaries then entitled or eligible to receive the income of the trust in such shares or proportions as my trustees shall determine. I;s) Power to make distributions in cash or in kind, or partly in each, or by way of undivided interests, without making pro rata distributions of specific assets, and without regard to 4 the income tax basis of specific assets allocated to any beneficiary. (t) Power to distribute any property that shall vest in or become distributable to (i) a beneficiary who is a minor or who is otherwise subject to a legal disability, by distributing the property to or for the benefit of the beneficiary directly, without the intervention of a guardian, or by distributing th.e property to a guardian of the estate of the beneficiary, or, in the case of a minor beneficiary, b~~ distributing the property to a parent or guardian of the person or other person having care and custody of the beneficiary, and (ii) a beneficiary who has not reached the age of 21 years, by distributing; the property to such person or financial institution, including any fiduciary, as my fiduciaries may designate as custodian for the beneficiary under a transfers to minors act. (u) Power in my executors to disclaim on my behalf any interest in property that would otherwise have passed to me by any means prior to my death. (v) Power to retain and to pay the fees and expenses of attorneys, accountants, custodians, investment counsel, and other agents and advisors, without reducing the compensation payable to my fiduciaries. Section. 9. Concerning Fiduciaries. (a) Each individual fiduciary shall have the power at any time to appoint an additional or successor individual and/or corporate fiduciary. (b) When there is an individual fiduciary, a corporate fiduciary may resign by giving notice cif its resignation to the individual fiduciary. Notice of resignation of the corporate fiduciary shall be in writing and set a reasonable effective date. When there is another fiduciary or a successor fiduciary, any individual fiduciary may resign at any time by giving reasonable notice in writing to the other then acting fiduciary or, if there is none, to the successor fiduciary. (c) Upon receipt of the notice of resignation of the corporate fiduciary, the individual fiduciaries shall appoint another financial institution with fiduciary powers to act as successor corporate fiduciary. Any appointment shall be accomplished by a signed instrument which shall contain an acknowledgment of the corporate fiduciary's willingness to act. (d) The individual fiduciaries shall have the power at any time to remove any financial instit~.~tion then acting as a corporate fiduciary. Any removal shall be accomplished by a signed instrurr,~ent which shall set a reasonable effective date for the removal and which shall contain an acknowledgment of the willingness to act as successor corporate fiduciary of a financial institution with, fiduciary powers who shall be appointed by the individual fiduciaries. (e) Any fiduciary may delegate any rights or powers to another fiduciary and shall have no further responsibility with respect to the exercise of the delegated rights or powers while the delegation remains in effect. A fiduciary who has delegated any rights or powers may revoke the delegation at any time. Any delegation or revocation of a delegation shall be accomplished by a signed instrument. (f) No individual fiduciary who may derive a benefit, either direct or indirect, from the exercise of any discretionary power, or from the failure to exercise any discretionary power, or from the manner in which any discretionary power is exercised, shall have authority to make or to participate in making any determination as to whether or how the power shall be exercised. (g) No individual fiduciary shall have authority to appoint or to participate in the appointment of any additional or successor fiduciary who could exercise or participate in exercising any discretionary power in a manner that could benefit the individual making the appointment, either directly or indirectly, unless the additional or successor fiduciary would not be treated as related or subordinate to the individual making the appointment for grantor trust income tax purposes. (h} Any corporate fiduciary shall be entitled to receive compensation for its services in any fiduciary capacity under this will in accordance with its published schedule of rates from time to tame in effect when the services are performed or at such lower rates or amounts as may be specified in a written fee agreement signed by the corporate fiduciary, but the corporate fiduciary shall not receive more than would be approved by a court of competent jurisdiction. (i) No fiduciary shall be required to give a bond or other security in any jurisdiction. (j) If the attending physician of a fiduciary certifies to the other then acting fiduciary or, if'none, to a successor fiduciary, that the physician's patient lacks sufficient capacity to make or comrriunicate responsible decisions, the patient shall cease to be a fiduciary. (k) A fiduciary may make court accountings, but the approval of an account by the interested lbeneficiary or beneficiaries, or in the case of a minor beneficiary by a parent of the minor, shall be; a full discharge of a fiduciary. When there is another fiduciary, no accounting shall be required of an individual fiduciary or his personal representative because of the fiduciary's death, incapacity, or resignation as a fiduciary. I have signed this instrument as my last will on this date: %~~u-~~ 1~, aov5- ~: Herman E. Miller 6 Signed, published, and declared by the above named testator as and for his last will, in the presence of us, who, at his request, in his presence, and in the presence of each other, have subscribed ow- names as witnesses. 7 Acknowledgment Commonwealth of Pennsylvania County of ~n~-~- I, the testator whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, hereby acknowledge that I signed and executed the instrument as my last will and that I signed it willingly and as my free and voluntary act for the purposes therein expressed. Q ~r l2 Herman E. Miller Sworn to or affirmed and acknowledged before me on this date: f~~ka, //, ~oS ~ z. ~~~ Notary Public Carc>? L. ,•,...,. ±~a!ary Public P~lanheim ?v:;~., Lar ysi2r County My Com;`:i~ ~.-;!o^ ..xpir9s i'.46; 1.2008 ^'.emeer, r'e - - - J~.r;aries g Affidavit Commonwealth of Pennsylvania County of ~+~Ctt$u~ We, the witnesses whose names are signed to the attached or foregoing instrument, having been duly qualified according to law, hereby depose and say that we were present and saw the testator sign and execute the instrument as his last will, that the testator signed willingly and executed it as his free and voluntary act for the purposes therein expressed, that each subscribing witness in the hearing and sight of the testator signed the will as witness, and that to the best of our knowledge the; testator was at that time 18 or more years of age, of sound mind, and under no constraint or undue influence. Witness Witness Witness Sworn to or affirmed and subscribed to before me on this date: ~~ ~. ~~ Notary Public -- ~ __-~. fit,. ..,_;~ ~, --_ Comdr.^^,~ ~_. ~ ~~-'~ ~lOtaN PUt)IiC h4anheim Tv~;., ; ~sncaster County My Cemmissio _~ ?.p;r-c altar. I. ;?(NJ8 9 Mark Heckman Real Estate Appraisers 139 Bride Sfreet, New CumberEand, PA 17~7p APPRAISAL OF Single 'r""amity Rasidentiai D~vc;4ling LOCATEf3 AT: 5Q6 Park Avenuo New Gumberfartd, ?A 17G7G FOR: Sharon McCu{(ough P.C3. Box 31Q Cashtown, PA t73t0 BORROWE=R: N!A AS OF: November t5. 2ii6' BY: ~~Aart; Irv. Hc.c krnan. C,eneraE Appraiser GApOfi566L -- _ ___ hone:7?'-774-i2Q2 Fax 757-?~i'.~-t73£33 EMAIL heckmana^praiserst~r;~omrrsf_=yet Mark Backman Real Estate Appraisers t°rnnartv flwsr.:•inr:nn UNIF(?RM RFS1f1FNTld1 APPf?dICAI C?CDt1c)r ?Fapetty_kidr ss. 506 Park Avenue _____ _ Cif New E:umbarland 2 r~ ' JCrTr __ S~2te PA ~ ____ _. _____ __ ,.e~al Desm~ cr €3ead Soak Volume 00141 _ Page: 009p1 _ ___._.......-_--.-- --.._Cou~ty Cumberland ` . Ass?ssar's Par eE tar;. 1.6-24-0$11-1$2 _._..._ _ _-___~~ _~ Tax Year 07/0$ k c ~axas S 2.122.OG3 Speaa~ kssaasmerE~ 5 `v,,>rte ~~ :, .-... - •_ _~._ ~ 9asower Ni Garret: uwnar Berman E & Mares K Miller _ U„rEepani: ' Esyner Ta a ; r , ` -- - ~ . ,f Pro f hSSa EaiSed ~X F'f, k'SE'il :B ~ `[(ta59!iRltl 6r^v}C > y~g ~ t~f.t), ~rOn't~Tlrl l:f'1 (t':.tt~fl+(F O!'r it',' 1~". 'j hegjtttrarhovd or Pre~ecf Nana New Cumberland Borou Er tap tirt~enx Soc Assessor's Parcel p ens~s . =ate G t (7t# -9 ! _._. ..........._ ______. ,Sake P ~.:e S N!A Oate of Saia NfA Cas,xpt~r ar ~ ameu~st ct Wan chardests»rlcessians to ba ~a~c tr se;€FS N,'A ---- ___-__ _ - -----....... ~r r ._._ . ~_ ~ t.andes'G4ent Shoran tt<EcCullough ___~__ _ gcdrass P a Box 310 Cashtowrt Gettysburg, RA 17310 E leer Mark W. Beckman General A raiser Address 1309 Brid a Street. Naw Cumberland PA 1.1070 . laratan j lktsan X. Butsizr ar fL= ra! Predominant ' Single family housing Preserd land use °l Lartd use cttan e g _... Bsitup X] Uve 755° ~ 1575E E Under2nk occupancy PRICE A€'sF, ° Oneiam,k $1!0 tcu: 3 X :Sot - ,_ . 1 Era} _.. x i r~ Grdxih rate ~ RaaJ X Stabe ,,_, S[dw X <z:mr~ 125 Lox 10 ~ <~4 tam<r- 2°l~ ~ ;n prcn,asa ' f #'roRs'ty yauJCS .X3 Iraeasi~tg ~,_ Stott<s { # La.t€~ti^y € xanani 300 H" h 100 E tv,rtA-tarrry ___2°r° , yn _ l _, OomarWfsuppiy ._~ Shtytcge X" htra;~~ ~~ets>.~oEr x +rarAr sb; f'redor'rarst ~ ComnterC±a€. 10°fo € ... ._.. .. -, . _ _ __ MarkeE .lime ikvJ~ 3 rtes. ~ X 3-& ex7s. ~ Over P ax :.., ,~ mess: .150 250 25 50 gVacant -, ~~5°fc r __.._F . ._._ _...__..__ ote: Race and the racial campoattion of the neighborhood arc not appraisal factors. and characsaristles: The suh;ert prapP,rty is located in fhe Near C:umt>erianct Borau< fi- 8nundarEes tnciuE ~ hte~>< Cumberland BorpUdh -... _.__ _..._.... ._._. __..._.__. Factors that a fact the marketat3'hty or the prcpa't.es in the neEg~trd-hacc (prax mdy to employment and emen?Fies, eF~playmsnt staCi€ty, aDRadi to rr:a. e..., s This suburban nei hbarhood has mastpubiic utilities available, retattvely easy aedess to em s, toym~nt and services anti is t,am ~utlt€v~ _..____~_. a 1 •' e __ .._.... wit No unfavarat?le €actors wa{e observed which sxoutd adv_ersel~ affect marketability h other net hfJOrhnods to the enerai arL-t, Pvta 9 l .. __ __._ .... have similar amenities Market acrttwty indicates aver~s_c}r_be ter acceptance in the market place. , ___ Ma keE Conditions 'n the suhje t naEghbarhtlod (~neEUdEng support tn• the atwve 0 .ctrsiors rniaESd :d that VWrxt Of t t proper y ve oes Jernandlsuprty an~7 r, w.'retk t~ hrnH su.h as data an CompeAlve p•apenre5 for safe to fhe naighh rhood, descnpf-dn o? the prevalence dt setae and Efnan~kttg crzncessla€ s Etc. i" .. . . See Aitarhed Addendum. . -_____.. .._. ...._ ___-__.... ...... _,_, E J project {nformation for PUDs (It app!icabie; - - Is the Gevelopcr;bWldar irr cA:ltrdl of the Hdma Uwnsrs AssaciaEion (FiUA}? YES Nu Approzrcnase total nurratuniis in the suoject project _ -____ ApprpzimaEe taEai number d1 units for sale in Ehs subjaCt praari. Describe Comm;sn elements and recreational'a4i(itses "°'' _ . ~-~ Tkrtterlsbns Ste Legal Desrriptian TRpograRhy Level .. E ~~_ _.._.. Site area .21 Acre _ .. _______ Gar=tx .et _ . as X N s Size T real tar tht~ '~ .. _ _ YP l Specific zon?ng clas~fiCation and dgSCrlrtECn R 1 Restdrntia ._ Shape Rectan ular .. .€ _ Zoning amptiattx ~ tega€ ' k.egaE na~rNa•rxttg {Grand ahead 4sci ;_; !sisgat ( r ;t zoning :Xa nee Appears Adequate est & bast use asoved X Pr U ' sdn~~e ~ Eher use lexpla r tfaw Av@iaLae Utllittos ?ubkc UthSF Off sitalmprovements i'ype P his: Pnvata€ Candsca,;r~ Ayerdr~t; ' ~ E'sCMciy X, 200 AMP ______~ Saeet Asphalt __. _ _ ~Xl CrivewaySurfac~ RSphalt -- -_ ~ _ r~ Gas _.__ ____ w Gurbfgunsr Concre'e Xi i, ,J ~ Apparenteasome s _Ty~Ztcal Utttity~EasFmm~rt F~aEar €X Sdawdik Concrete ~'. ~_,j ~ t-EMA SaCCiai F^tyctl ~a2ard Afe+ .~ Yr< X ~ ,.. ni S X ._ a tary sswrx , < Sitaat IkgMs Standard _.__._ X ~ ~ FEMA Zone C Map Cata 01r 16119? 7 _ _,..~ ______ °-_ _ _ ... Storm sewer (X `~'' _.T j A<iav _ _Nane ~....____ ~__-. ____.~_.__ f -..._.._... ( FEMA wt:sa No. 4203668 B&I_07 i _~-__ ._ Comments (apparent adverse sasemsnts enuaatihrrsnis, spec,al assessments slide a~eas illegal dr legal nonrantotming zdn r+g use, eE~ t Site has a~ ra0c ; l sde improvement&, averatle landscaping, and typical maintenance, The sEte imprnvements and services to the s to are adequate anrt ' acre table in this market. There are na a arent adverse easements encroachments ar other adverse conditions alt this sitr- GENEfiAt. CESCRIPTi;N EXTERIURzE$CREPTIGP E ! Ot NC,.'EON [ L~kS~MEtfT -'v5t,i'tk?t ;ti _"" _~ Nr., at Un1s 1 -cundation Canc. Slack, E Stab 15°l0 ~ Fvea Sq.F'. 1242 r'^^* __--- z tio pt SEOrtrrs 1 Exte~r riaEis Brick Craxt ` a~ N!A __.. ___.._ .__._ _.__ ~ °k Fn?shad 5Q°6 eh riy i I . Type (Cet:ktt } Qt3tac.hed l.str: S.eface Shi~le _ M Hase ant 85°io _.~t Ce€.irg t7rap;Unfin A+aEs -_ Oas~n{SCyle} Ranch ,users3Oxnsats Alum€num 5.:rr:~None _~. { yiafrs Panel, CPik r..ccs .. _ ~ ',. _ ._ ;=xistg,gr. ropdsed ~xisbng_~ rytrlda« Type Casement t;ampness None Noted r^rcx~r -Tale S,s=~e t Ags (Yrs.l 51_YearS i St^rhrSrsea:.r; "es!Yes __ SattE fianr None Noted ~~ Uu'~ds EnDy ?w A .. .... _-.:x.., __ _ - ~__._ Ettsctive a -Yrs. i3 Yews konu'aetured tia~sE Nv ;,,En ta,ior: Ndne NotQei .s ~ ~ R.;rUMS F¢~ uv~g f,3~irr Ki ,d.er= 1.}a^, Gamic Rm. ~ Rp. gym. m s... -,-- .-._ ! _.. ^ttt ~cat5 i # Baths j B Ldtrf-dry & A . , C35i? tkerY ~ f-~ i_ - 1 .. _._ .... .............._ r . __ ..A_ i Lev 1..._.._. 1 -~ 1 1 ~ _. ,_--'~ - ~ _. .i 1 - - t eY z 1 ; _ _. -"9 _. ._~.,_~.--,_ _~.-.t __. _ -~-- -_ _ t _ _ _ _ __.. ~.--t ... _ __._:. _.i fihlsfied a as above ie akns: 7 to.rr_5. ,i ,rjgr t~ts'. 1 Esathts 1 505 SR4zr j _ f IN ERlOi{ 'tiaana_s~.orxd,rx,~ rCsaRS3 rtT~ FV: l,1' ..r 4tlar"N ... _ ~ ~ ~ Roots 4Ftk bi BdwdfGd I~pe f3BBLN I~ak ix x XE ~ :a•r Firapta:n;s}` ~:`. -, v ,. ~ _ .. sYaics Paneil Pihster!~.v~_ _ os Elect is a ti, ~,:~ x SE;is ~' :=at,:, Y " E ,:' - : ~ irvnir'insh Wnod.•'Ae+Bt'agB .~t7ror.GQOd ~ ..r,;~asai k .s„k5'a:r ~ ~:eC~ e EJa woe Carpet'Gaad C~ .'G ~ :,, y, .~.n~ t „~ _ Ba_~ ttiakrFSxt Ceramic T ileEAvg .t t a' Yes ~r ; ,t, -~ CC~B BollawCarPx+AYf~ - _<B' ?Van(.' ._._.__ :~trt7:rwdvrs ~' ..fe'a[~T t , __ ..~ -_ .._.._... . ._._.: _ ~ ~~, 1., 1cr.;crtGoad t7a5'1H':~: ~u'r i rtEe;..:tl -.... - E=,~ .: o`r~-r ~ __.. _ ti,:dEtw a h ;ilrp { p?f:9i aRE'gY Q(s3Ek9 t -C. "b. EEL.). See Fittactted Addendum .; {;grill fln tl{ .ne t^prt ei'! fi$ Eta Id 4 ~ tpnlSiG ar EEtrd€ d t. X.U'filal kLL3 f. Etc' d 9. Clain Q or5,r:rL 'Y i r f„pqa f ry ad :f, `IJ i h imprtwements are o[ aierayc quaD~ back. cnnstrueEEon and ratir.c ..... good maintenance Pr Qr t ` ~ _ ~ ,~re~ ac s narm~~hrsi< < .. ___ and rte deficienc.res are Hated: Na unusual func(topa= atasolescence ar extertia; tnadeguacies wc-,re abserve:~. -- _ _,_ _ _ _ __ Ad 9 i. of t a L M QF ~"h J n UE rE e ,kEZd a ~ 'xaJte tl%.G ar,8:.5 e t a^ Ff ;^ ry _ €rpr= 7.d' J,GE € { t, :ao at C i.gyL' 'VU 9f;Y erSP P.n_VIr7i1'11P1 cal GanC duns Yeft_. ObRI''[V~d 1 the 3Pt~ a}•" ~ ~ ,: ? `- immediate rtcirut! of the subiect pwtse~rtr. Mark Heckman Real Estate Appraisers Yatuattnn secttan ut~trvrcm KCStUCN t tAL APPRA($AL REPQRT Fiie No. 506Park ' _ EST MATr~D SlT bAt,€;E .. _ $ Ccnttrfsnts do Cdst kppreacn (.,=,;,ie't aa. 54+tres ;:f „3sf et ; q ia~__., E° MJs EC 4E~RODJC' DNCD,ST-N W F IMF"RQ ~MfchTS ~ siEa .afae, sgUar¢ foAt ~atcWa ion aad foe NUp Ve and F - ct $ l7rretmg Sq `~ _ , ... - estimated remain ng scernomie t fa of t s tuope tt .._ a _____-- ----~ 5 `t ~ $ _ ._.__, - _~_ - _ ___-_._... -_~ In the view Df the age of then, tm ravetnPnt<, the t o € • P _ - __... -._ l - _. • . ~_ ~ Approach cannot ba tansidared an at orate trdttaiar ~t ' Ga~er Cara~t 0 .. t ~~ _.__.---- ~' 'value _ • TOta' ESiimated G4S Nex - ... __..,..,_.._..,.~ _.__. 0 = ~ ---- ~..... _._. _ ~._.~ - Pt'tslCat FtrAiEVGnar Ex,erna[ C52, f'{6'nakniR^ ECQ'1. ti`s. ~ _ ..._ .-~ • t _..... _ $ tt .._~_._...______,.__._._._ ...... _....._ ~ E}eprsaatk,n Deprecated Value of tmprvvan a~sts .. --- .... ... _. _ $ a' 'AS-is" Vales G' Site .mpreygtnants _ $ ~ _._.._ .... '} - ~ .-___., ____. .. ..__._._._._._.__.~.,_.,_.. INDICATED VALUE, 8Y CQST APPROACH . - . (TEM s SUt3'ECT SD6 Park Avenue - _ x___..___EQMPAR4t"s~_z.t.K).t tX`ih~ARABtErdC.2 - __ -- _... ~_.~_ ,517 Gear Avenue J 53 ~ •...-.~..____~_ i ~. Ct?htFA~2E,B E M _ ; _ _~ Address New Cumben~nd ....._~ . rzre%n` IU SJbj9 ~ y . 3 7th Street ~ Nfm~ Cum~ehand_,- New Cumberland .~ZG Mde ____ ___.,......_ 21 Mi{ 1047 SwaRhmarc R ,ad New CumbEr(~tn;,+ ~ ... ._.. _ ` Sales ace rS _, N,A E~td~C~:ss trr fuss S D aD `* e $ 1 E34 OOD _ $ 2D0 air 3 t 20 73 ~` S 123 76 ¢` - .43 Mrle _ __. ~ f91 5t,*~ __ - "_ $ 11 4 12 ( ~ Data andlsr ~ Enspettion vertr;at S E A ,....._ . _....._--- Assessment Records &MLS ; Assessment Retards &MLS _ . . --- Assassinent Retard.. ~ ~ylL;~__~ ar r,;,rcos ssesRrx: R MLS YALtrEFlztE,~ThtErtrS [ DESCRIPTitJN - Assessment Records &MLS 'Assessment Retards & Mt.S DE~RiPTi0rt ` ______. ._. ______ Assessment Re xrrd> S. ,"vtL~ _ _ --'---.-. ------ _. Sates or Ftharc(r. ! NlA g ._._ ---. _-,- i;s:t-w.^*Rn DESCRIPTION ;rsna ar.~E _. __._.___„__ Conventtanal Conventional DESt~RP QM ,~ s ~_ --- Cancassicns ---"-~ Date diSaiemme N(A _ toeatwn : SuburbaniGood aeS~ I Fee Simple-_--_ ~ ~ Nane Known Seller Asstst - -6 50a 5l18f200T ~~-~_-.- --- sf- D~ raoo_7 ~~ SuburbanlGoad __.. __._.._ 5uburbanlGaad - Fee Stmple ~ `Fee Sim le Canventtonat E Nana Known _., 6rz1i2aa7 SuburbartGaod ~ _ F S€te j ,~ t Acre ~ _ ~_,._._ 14 Acre .25 Aare _-M ~ ee Stm !© ..~__ .18 AereP ~~' - ~ ~ view AverageA ' Average Avers e~ ~ __ ~ Des . n and eaj _ RancNAver e _ _- -_~- RanthiRvPra e _ ~ ---._.___.. RanchfAyerage ~ " --°--- -- --- RanchfAverage ateassatxaul Average ______._ a 51 Y Averse Average ~ . ___ _._ . ~_______~___.... ....., ~. _~.~ ~`"" -' Auera ga ears Condi ia Gix d 43 Years 48 Years _ --_- 61 Years ~- l __._.-.. _,-- _-, - ---. AboVa Grads i xqg tSdtns~ aah5 G-°od Good r4 ~ ` ' ~,~ -_- ._~_ RoomLdunt 3x 7~ 3~ 1 00 _ 2~ axles blFb 7 3 2 OD~ -5A00 6 3 1 50' -2 5D0 MS aamr ttths 7 3 2 ~ Gross C vi ~,~rea ~ i 5D6 SgFt B f' , ~ _ 1 5„2;1 sg F__ ~ 0 . 1 616 Sa Et. -~ -3 9DD ~ "--~~~"` _.. QO -r DG~ 1 678 Sa Pi r aserrnrg& ;r+,sned ; FuEI E3asernent Futl Basement E r Fuli easement - _ __ _ _ FuN Ba t • Roans tietowGraas Ret Rm 5 eth - -f Fundroia Ub Avers e : • - Unfrnshed +10,000 Ret Rm, ,5 ettt _____...____~ _____ _.._ Average AveraW e ~_.. . q semen r Unfinished _____. ~ Average ' _ tbatm r rz F~ HWBB CAtr _ _ .,_, ___ _ Gil HWBC3, CAir -Gas HWB@ CAIr ; ~ : GaS FA CAir E Etfipprrt reerrs Typroai far Age , r--. , Typical for Age ~ 7 -' "' j _ r ypicat for Age ~ ! , . ---- -.- - .. _ .._... . _ Typical for Awe Car e~.,ar___t ~ None ` _ . _~ Nane 2 Car BEt-tn Gar -1a 000 € 1 Gar xtt Gar -a t)U i - ? c•cn Pa c: Gs.~ ~ 2 Enclosed Parch j Fre lacers) e•c ~ 1 Fr~Eace i _ Cw.d caw ~ ~ a: ~, a t2 Oa0' Covered Pasta +3,000 1 Fireplace 2 Fi . _.._ t~atia: Cov d Por +3 D~.j , Fence Pont etc !Nane I reotaces _. -_ -2 D00 Fence 1 000 S 1 Ftr~lacc . ~ _ -Other _~None. 'fdetA4. C92ai~_____- f , auna Nane -.__.. _ 'None - -1.d}(?€? ~X~-r i'~-- ` 6 000 , X, ~ 22 8( t $ Futce _ ~,,:'~ Nane Adjusted Sates F~ ' ~-~ , ~ H "~" _.. ° - .. ~ I X - : y a : ' ' l , Gross: 9.8 l :Gross .14.4°l0 ~ -._ . .....__._ ~ Gross 16 2 !o O 0 r~t _11.5Qra _ $ 177 1D0 ~.._ 0 , Nar -2 a~ S ammants on Sales Cumpd i (ineiudrng th data the Ehret. safes usrid are egnsid ~ e subject p np~-t't 5 „ontpdtibal f to the nargnborhood, at } After 8 the QU h ered to be the beef ndi t ' l _ SP,arth of aiE "allabte rya a E value. and are wetgttted sfmdari to th _. o i ca o r s ue. Afl three:alas are considere e ftnaE recontitiation. A ppropnate adtustments ha b d to be rebabit:_tnd(tatars G ~t Sales used are all clawed sales DaXs . gs een made far an market. Comparable Not 112 da s" C l 2 ail differenta Cum ara_bla ~ ,.. y omparab e No 2 4 _ _._._._ da ____- 5` Cam arablr Na ,~ 1 dz{~ r~.____p - - ___ ~ ~ -- ft M SU8JE4T r ___.,__ __ _ -- -- _ OMaARA9tE-Nv i _ C(?MtaAi~Lti,BLEtY(5. _ F - _-._COAr=ARABI Date. Ptics and Cats ~. Nane within the None within the prior year of ~ Nane within the prier ear of N i t } . ane wtt t n the €' ;, of Sarcatoraiorsays past 3 years. above sale date. above sale date. ~ about sate date: . s±(t;otdP}xaisa 4eunt-r Retards 'Count Records _.y- A ----- _ X `Count Records (Caun~ FZQrords Andf si t ` _ _ y a ant axrsnE agreement p sate. ean9n o €st ng or t subect era. e~t zrd analysis o a[ v p-pr „aye W yr;Cj;;c env aarr~~.aL~ wEtla~ ero e<d `sc'tnte ' Au,trdiny to the retards ravided a th } e CaunE~r ,assessment office, ttte subEett praparty HAS NU f transferred in the lea ~ c =- , - _ __- Atccrdin2 Ea E':e information in th ' e rer tong hALS the sub ett ro ert _has not_beert listed €or Sala Rt tttFi Bast thr ec~ a _ y ~~._„ INDICATED VALUE BY SALES COMPARISON APPROACH ~~~~~~ ~~-~~ _ -- INDICATED VALUE r3Y INCOME APPRQACH r!° ^ - bkr) Estir~,ad Marks: Reel $ + ~ a+ NIA F __ _ N,A rvR,.z~asrerE,tu#"~ : Tlrs dlipid-Sd :S'F~34Ie '~ °i$:5~ 5.')feG; i6'ill'rL'ria75'.a~+JatGIS.iFiSp,^.C~f.: rp'~MSQ.IKNS iL':03 bC"Y~N F ~ 31:'~F'9!Y •t~ •-~-,..._... .., Cara c ,s,,; a:~te<~: SeP Atfar;hed Addendum - _...... , nrelk.vu,.~~a , SteA4tatheCAddendum -......__..- ---. _... Tie Cl ~JSe D I a y a's'+. t r 5ti_'17£rin YStl'Y.3,k. Y (J f t .e r8 I prey, y ifs ~ r}d St;b}a ~ .t tt1iS ~sp(x2 oared ur RB atzQ E ,".~rii719r', an, it t ' .r are i:, „ g cdnd ~ ,.rs, an,7 ma ket cs~ro der ar: flat as _,w.ni ~ to a,;•,~sa .-r~.a h+ac 6am433~arn;A tom; Fpm tO4cf3 CRe'+~d _ I (YJE} ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT tS THE SUt3.IECT OF TkIS REF'C5ftT" AS qF ~~~ -Nab eiri~er ' ~ , - ___.___.... tWHECH IS THE DATE OF INSPECTtON AND THE EPFECTNE DATE Of 7H15 REPORT} TO BE $ 185 aO . D APPRAISER: ___.__._._...~ .~ SUPERYt$ 5 E - lF )- .. ~ S~n3tt e r> . - _.._ --- Sa,LWrL ~ r Name Raett r Souders Hsst to i;ertified A rater _ - ~k`* ._ -_.__ __ ._.PP _ _,___. tva_»a ht k VV. hieckman Uenergl A raiser ~- ,, Date Re ~e r ~ 71 tz3.'2U0T cr_.__ _ - _ Gate Re r e~ ed 12!U3t2a07 _._ _ t ae ~ ~ at_ PA Stole ~erikaricn # GAaDO66L ~- __ _ ___ _....,., .: v.a.c ~M,c ice e 1 '41art: }^i?tkrnan Re<41 Estate Appraisers .Borrower N1A _-- .,~________ .........._._._._.. .............-._....__.__ _.,._ ~~,__._....__...______...__.._..._......_. _._._ ._ _____ Fife Na.: 5`uoPark ?ropertv kddress:_506 Park Avenue Case No.: __tt~r _ w Gumberfand SGate f}A _.... _.._____ . _...__._ _ __._. ... _ ..._ _ __.~ _.. _.. La t r 07c~ ender. Sharen FhcCultowh --_ _ - - Neighborhood Market Conditions Market conditions in the subject's neighlwrhood has been favorable in recent years due- to consistenEly law mortgage +ntt;res' rates. Housing values have appreciated at a moderate rate as a result. The market appears m be stabilizing and while housing prices an a national basis are said to be declining, the Central FA market, in general, has not seen this type or depreciation. However, the market in this area has slowed and residential dwellings are being marketed for longer periods; typically 720 days or less. Appraisers have also encountered more setter concessipns?assistance than in recant years. #f interest rates stay at a moderate level and the local economy remains Ehe same, home prices should continue to rc;rnain staLlc. Addittonat Features Family room has new bertaer carpet; front and rear enclosed porches; whale house fan; new fumac;a in 2063/two-zone heating system: hardvrood floor €n dining and living rooms under carpet; hardwood Flpor in hall, and bedrooms. Conditions of Appraisal This appraisal report has been prepared with the property in "as is" condition. No personal property has been included in trris valuation. The appraiser considered only those items that were permanently attached to the property as realty. Any iterttg net so affixed, such as refrigerators, washers, dryers. above ground swimming pools, etc., Were nat. included in the estimate of the market value. Final Racanciliatan The Sales Comparison Analysis reflects recent activity in the market place and is given the mast weight, to the view of the age of these improvements, the Cost Approach cannel be considered an accurate indicator of value. The lncpme Approach is inappropriate because few single family houses are rented in this market, This appraisal is Lased an readily obserrrsble conditions and is not to be considered as a thorough home inspection to analyze or warrant Ute subject property andiar its mee:hanical systems. Refer to the attached Camritonwealih of Pennsylvahia State Board pf Certified Real Estate Appraisers "Approved Checklist For Assistants" for a detailed description of assistance provided to the state oerti(ed appraiser. This checklist is an integral part of this report, and its inclusion in this report is mandated Ly regulation of the State E3aard of Certified Real Estate Appraisers. Assistance as described on checklist was provided by Raetta Souders. ,......§?:~U,:n; pays ~ ;< 1 This Appraisal Report is one. of the following Types: Q Selt Cantafned {A writter; rapa-t prepared under &tandards Rule 2.2{a}, pursuant to the Scope o3 Wdis, as disclosed elsewhere in ihka repr~r#.; Summary (A written. report prepared under Standards Rula 2-2{b}; pursuant to the Scope a` Work, as disclosed elsewhere in tttis report,'; 1~ Restricted Use {A written report prepared ureter 5tanda ds Rule 2-2(c}, pursuant to the Scope of Mork, as disclosed e€sewt~ere try this ; epc+?. restricted to the stated intended use by the spedfied client ~ intended user,} Comments on Standards Rule 2-3 i certify fttat, to the best of n€y knowledge and belief • The statamenES of feat contained in this reprtti are 4 uB and cared. • The reported analyses. opinions, aad candusians are kmited only by the repatad assumptions and limiting condifians and are my persrrea -npari,iai, aril unbiased professional analyses, opinions and conclusions. • i have na for the specified} present or prospective interest sn the property that is the subject of this report, and na (or the spaci5ed} personal intenRSt ~ifit respect to khe parties invoNred. • t havo na bias with respect to the property (hat is the subject of this report ar the parties involved with this assignment. • My engagement in this assignment was naP contingent upon developing or repoting predetermined results. • My compensation tar c pmple5ng this assignment is not contingent upon the devebpment a reporting of a predetermined value. or direction sn value tt€ai favors the cause of tfie client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequen# evenk directly ea#ated to the intended use of tftis appralsal- • My analyses, opinons and conclusions were developed and this repot has been prepared, 4n contarrnity with the Uniform Sfandards pf Prafessianai Appraisal Practice. • I have {a have not} made a personal inspection of the properCr Shat is iho subject of this report, • No one provided sgnifcant raa,i property appraisal assistance Eo the person sigrnng this crztiF;cation. (It there are exceptions, the name of each ;rtdi'Jidua~ providing significant real property appr^aisat assistance is stated elsewhere in this report.} Comments an Appraisal and Report Identification Notre any USPAP related issues requiring disclosure and any State mandated requirements: for APPRAISER: S~g~+atcae , Hero Piet a Souders Asst tv Centfr~i Appraiser Gati S:gr BJ 17i43i2pQ7 _ . ____. tafF ver;nc;~t~n ~. ;;* S ry;r: t.=tense ~. State `.*cr'ato~ Date., ..er;i..,a:!:,r ;k t.:~rs%- ~" ,;ve.?ar~,~ a<sa NovemrJer 15. 2047 SUPERVISORY PPRAISER(anfy~,I~trequira Name: F4 . >;V Hec.kmpn, Gt~eral Apprasse veto 5+~ned. 12103?2007 "' __- -. T ...._... Shir r ertitiratiC~ 4 GA0446ot. ~ a• t ~ :.,ea:e n: aato Pennsylvania 4rpx ti rata, a! ~ er ovation ~r xr...: (`Rt3c}t2t30:; . _. ~upExv+57~y ~^cra 5> 3EIG11:A 3 =;;C'. T~ f,y-. .... Arritalsat~ aND REPORT IDENTIFICATION FLQQRRLQN E}IMENSION UST ADDENDUM GROSS BUif_DlNG AREA (GBA) _ t,5€}n ~ GROSS LfVtNG AREA (GL,A) t ,5oe :, tiea(s} lvea _..._-_____-i ~ ~ott,BA _ ___........_ tarn;; _.__.__.__.___1~;5D6 ___.._ ............... -.__.., taa~aa ~e:~E, _..._. t.sos tao.aa e,e, z ~ a o.oa e4ets a ........____....__..~ a.a0 E _ _....... ', Gthr € _..--- sot . I 23.7 __M.._{..__.._..__ _- ° ~ ._ 3.~ser+ert ( 0 _- ~_.. _-....~ a 9a rs a~ ~ ___.____ fl __. a 0!~ SUBJECT PROPERTY PHOTO AD13ENdUM FRONT VIEW OF SUBJECT PROPERTY Appraised date: Pinvrmhe:r 15.2DC7 Appraised Va(ue $ 185,Q(JC! REAR. view OF SUBJECT PROPERTY STREET SCENE __ ._. ,_ _ v.-~' .~ ... r,.. .._ ~J°~: Faariip~ Ft~arr, [~intnt~ Ream - - --.. ,..~ ~- ~~, "~~ _ ~ ~ Kitchen t ~ ~ ~' _ ~~ ~ F ~' i r ~ - , ~ -.Y.,.,.r;,..... ~. _ r ~ t ~. ,,, ,f:. ~' ~ --`' C ~, Livir,y iZnom s~t~~~, f3e~roo;-n ~, Borrower N;R -...~.. ~...~.~~ ______.._.__.~.______._.._.___~__~ FileNo~ SQ£xPark Rroperty Address: Safi F~ark Avenue Case tJa.; Cam. New CumtSersand State PA zQ. 17(}7CJ. Lenoer Sharon t~cCullou h _ ra ~'~"'~~ ~ fii:tt ,~ e I ~~ ~- r~~~x; b~+; r, ~=t ~ c ~.~~ ~ ~i n ~~- ~ r ~. ,~ ~~-~ ~ , ; ~'! ~, ~M yh ~ L Y 31 .li .~ L - 4..~1 Eedroom w COMPARABLE PRaPERTY PHaTa ADDENDUM COMPARABLE SfiLE #1 5i ~ Geary Avenue New Cumberland Safe Oate; 5l7Fi/2Qf~T Safe Price; S 164.6Qp COMPARABLE SALE #k2 533 7tts Street New Cumberlan gale Date: 9i05l2tId7 Saie Price: $ 2C}4,t~t?ti fit..- r L~~'~~ `.. ,.~ ~' ~. -> ~,f~, ,- ~ ;~~` - j COMPARABLE SALE ~3 1C~+Si" Swarthr.~rnre Rc~a{ Nevi Curr~kaerland Sale Date. fi,'21i2v~'7 Sale Price ~ 191.bt3il PLAT MAP ~~,. di' tE? ~7 ct 'CS O +r iv t !__ ~ '~ =` _ ~ ~ i' ~ ~ ry '~ ;a .. ;.-.~. 3 n '` 2 ~ ? _ v ~ ¢; c -,. ~ ~ c ~' ~ ~' z; rJ -"t,vtaes , . r-: r•;_r<i~1 Faz: '17.7?~.~333 ~h1.4i~ ~?ECknr'3! a~ E~rta" 1 LOCATIUN MAP ~~ reg ,~ s a ,. ~ ---~ -- - i 4 ~ f'~ ~ .,x ~ ~ .. ~ ~ si ~ -. ~ ' ~ ~ ~11~~ ~ ~ .. ..._ ~ ~ ~~ ^ -- ~ hr~, j y ~~ "~ ~ ._..L.Iffr CVS1M~1MW 's k I Gam " ~ 3: ~ ~~ ~ ~ ~- e ~ ,., . zf ` i b" r ~lOMft M{n t jY~ ~ /i ~' 1 ~~. c ~ ~n 2 ~ 3 ~. ~~A ~ _ L ,,~ ~~~.. ~ ., ~ , ~, i. ~ t . '.. .. . c. F A~Li ~ ,S' Comp ~33#~' ,~ ~~~ ~A ~K~ l y ~ E .~ ~- x, ~ ,pEO? ~ ,. _ ,e ~ .* u . i, t 3 ~ - .-.. ~~ ~~ • ~~( tee r,Z ~ C Rat ~Y3 > ' ,yrt eak '. ~ ~R ). , Yo'b' Kk R^-. f` "-'~ `' IIlWa qs +M4M Wnw. ldia Ji.uXV. ~wH Abet+4-A.K C„~ t ~ ~It - ~ ~_;. Yr thane 71'-774-,20~ max' 71?-77~-383 ~~tatAt~ hFCkrr~ana~~r~iserst,+7i,cem.as`..i~n+, . ~ ~ ~TT1=~ChtE;u;rr~YT 1 ~at°taiast A?;7TrG*YE(,t CH~CfSLtsT FQR rASS15TAtJFS F'ER ORt1ANCE OF APlsitkl3Ai3 FUR QUA' Y ttC; ~ ~ a ~£ST~OP1TY ~P ~~ C~~~~~~~5 TO L3E F ~>_UGEt1 n IN AU. aPPRaISA4.. REPU42T,. CL'ltst?I.ETy^,G '3Y ASSi3TAt1T3RRAINEES, YOUR WORK FILE f\Np It~ICP_UpELr YytTH TF~ ptali~ti3AL REPORT'S T'}fpTTHE CHECKLFST a^HOULp BE RETAIt~tEty itV 7I t R~v~a~ov,eT f.e TG B•= U~w tilrRDiY7'IOrV FU Tti!~ fl'~!?UtRC~AiEarrc nr.et ati£QJ[STEU pY T'HE 646'cR.(T GfiFICr:, SUBJECT PR(SPEFt~Y:.... ~J Cf` ~~Ul..f'L~ ~L .o ~~f ' ~~ "' '~' QATE 4F tN3PF:CrtrJpi: ___~';~;. The assistant fa Ul0 itfatra carGt'`utt rea! atsf~te apptaisar far+tltis report has ast;laFte~ in that fatlovalr~}t: Y Sat up tl~e file wt'h all i:r'Tt9r aer4e ~'+nteraE i-rtarmgtian tdr'ftis rnport. .~ Aeaiatad in 9atherln fy and entsr€rg dat8 as Pcr?tows' T:{x Etasesstgast Infat;natian surd Haag, t'is^..Q tiacarcf tnfOYFnatiaet a1tQ rtrap.2antrtg inlorott~ttan nn-; ma{s, lo.^~i94t map andlirrrltar inftrrmOtlOn. AacomPaniao aaU aaststa~f in ilia Ina-lras:ticn 3P iha subject Ixaperty. Y rlssistod to anaty2Pnq titre Highsrt 2utit ~s3i t"se of ttta ~utsjsct prtzperty. .Ya. Nsatstad in {{athHrtng lnfrratatiart far er~;rtparak!s land s~ras Bata, voriflee4 and anafyfi;ea the cm r,,.~rzr~ss la€aef sales d~ ta. H rlasisse~t in itaSrseYn{} 'ty(crmatlc,r;'ot tha Caat approach dat4„ and Alta€uxsd tha eaaL een~Lnar,. M 6tsaisto-dtneJatlt<>r7R{ginioxrtaeaic+rsfaxUeileamattgproz~chdata,andanatY~sd:hsrartLaictat3 ~, Assistad ist rJatir+r~#np ;-rfcrrnatiart ~u~' c+rmpara:;Es r.•,artee? safes :lets, yt,rfFtz<? anC =natyagt the cr~r*~naratea rr~~irhKt rarer d;?tt. .~. Assfstedin verifrirty date a? the Tex 6waausnan `. Qtfica, FiecOrdar et Uesds Utitea, Cawrtty S7Eg nk3rt'Y!;r rcrpart, CauritTrrittcroffctatr reni~:e ^nifEar local f~A_3 Sen[ce. .~. Assiat~d In the e:ats:iorict>~eck,'on 7g the aalz>:., rentals, aatd Cttter cam~.srblea. .zr. idssfstec In aketeh c'r~;r3r?t. _.,_ Assl52ed In gnteting eu4jac-', txn° ~cuitp~~n.-~[r des Gn the form an[! iha c(ar~ is ttra co:*retnrnf ar!,.x;;. si assist,:d to a finrt rcrortc±I:aGnn a»d fla a! catlntate of value cf tits suP,tject {?rttpgrty, btsssiat9c> in the finrnl rsviarr at thla ra~~rr°, .. )t ASaistecl ire perttl€r~ : i}3CHiM' ansi pe~k,~g•tit ttr~ ;'Ii`:3t reeve-r~L ~? SiGNATUR~ 4i- A33i3"FRtd7tf l~!{t` E: ~" r ~ r rT, -. _. _... -. Ttee attRervi3ing sr8 tt 4rtifiac r ,' esittt~ ~laS user clot rrttebv a'i v:vrk dorm Uu ;=.re d9gi8t3!i<1Y a sa ~ ,,~ is€*e3; ~ ,, _ as~sstantltralr,eea dart assiot arl n rttr iter€ra ehr~_;,,,€4 ~aee. SIG?JgTUtic OF 3UP~ <V 5:l~i( STrT;~K C`fa'3FiE~t ~Ff';, ~STdit~::~FFfv4tzr~f,: ,. r f ... _._ . .. v~ ex' r , -. 4-03t1?F..F,>1AIL tteckmanap,; rasers(~%c:m;;ast.n~t