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HomeMy WebLinkAbout04-0314SANDRA MARSH, : IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff : NO. Oy - .91 y c o t, Erein V. CIVIL ACTION -LAW ROBERT MARSH, : IN DIVORCE Defendant NOTICE TO DEFEND AND CLAIM RIGHTS YOU HAVE BEEN SUED IN COURT. If you wish to defend against the claims set forth in the following pages, you must take prompt action. You are warned that if you fail to do so, the case may proceed without you and a decree of divorce or annulment may be entered against you by the Court. A judgment may also be entered against you for any other claim of relief requested in these papers by the Plaintiff You may lose money or property or other rights important to you, including custody or visitation of your children. When the ground for the divorce is indignities or irretrievable breakdown of the marriage, you may request marriage counseling. A fist of marriage counselors is available in the Office of the Prothonotary. IF YOU DO NOT FILE A CLAIM FOR ALIMONY, DIVISION OF PROPERTY, LAWYER'S FEES OR EXPENSES BEFORE A DIVORCE OR ANNULMENT IS GRANTED, YOU MAY LOSE THE RIGHT TO CLAIM ANY OF THEM. YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU DO NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE. CUMBERLAND COUNTY BAR ASSOCIATION 2 Liberty Avenue Carlisle, PA 17013 (800) 990-9108 SANDRA MARSH, : IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff NO. 315/ l? 1 v [ ?/Lril V. CIVIL ACTION -LAW ROBERT MARSH, : IN DIVORCE Defendant COMPLAINT DIVORCE UNDER SECTION 3301(c) and (d) OF THE DIVORCE CODE AND NOW COMES Plainta Sandra Marsh, by her attorney, Jay R. Braderman, Esquire, and respectfully represents as follows: 1. Plaintiff Sandra Marsh, is an adult individual residing at 2109 Cedar Run Drive, Apt. 107, Camp F0, Cumberland County, Pennsylvania, 17011. 2. Defendant, Robert Marsh, is an adult individual residing at 1420 Yocumtown Road, Etters, York County, Pennsylvania, 17319. 3. Both Plaintiff and Defendant have been bona6de residents in the Commonwealth for at least 6 months immediately previous to the filing of this Complaint. 4. Plaintiff and Defendant were married on January 22, 1972, in New Cumberland, Cumberland County, Pennsylvania. 5. There have been two children born of this marriage, now both adults. 6. Plaintiff has been advised of the availability of counseling and that the Plaintiff may have the right to request that the Court require the parties to participate in counseling. 7. The Defendant is not a member of the Armed Services of the United States or any of its Allies. 8. The causes of action and sections of the Divorce Code under which Plaintiff is proceeding are: A. Section 3301(c). The marriage of the parties is irretrievably broken. After ninety (90) days have elapsed from the date of filing this Complaint, Plaintiff intends to file an Affidavit consenting to a divorce. Plaintiff believes that Defendant may also file such an Affidavit. B. Section 3301 (d). The marriage of the parties is irretrievably broken. The date of separation was on or about November 2, 2003. 2 WHEREFORE, Plaintiff respectfully requests that this Honorable Court enter a Decree in Divorce from the bonds of matrimony. Submitted, squire *0.Box Date: i? et 9 Harrisburg, PA 17108 -1489 (717) 232-6600 Attorney For Plaintiff SANDRA MARSH : IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff : No. oy• 3& V. CIVIL ACTION - LAW ROBERT MARSH, : IN DIVORCE Defendant AFFIDAVIT SANDRA MARSH, being duly sworn according to law, deposes and says: 1. I have been advised of the availability of marriage counseling and understand that I may request that the Court require that my spouse and I participate in counseling. 2. I understand that the Court maintains a list of marriage counselors in the Prothonotary's Office, which list is available to me upon request. 3. Being so advised, I do not request that the Court require that my spouse and I participate in counseling prior to a Divorce Decree being handed down by the Court. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4909 relating to unsworn falsification to authorities. Q??2?i1f'L SANDRA MARSH VERIFICATION Upon my personal knowledge or information and belief, I hereby verify that the facts averred in the foregoing Complaint are true and correct to the best of my knowledge, information, and belief. I understand that false statements herein made are subject to the criminal penalties of 18 Pa.C. S. § 4904, relating to unswom falsification to authorities. Date: ??(o? y ?G2/ tit/( / / /???-?" SANDRA MARSH I verify that I have reviewed this form with my client and to the best of my knowledge the allegations herein are true and correct. Date: Esquire 12K,ocusf Street P. O. Box 11489 Harrisburg, PA 17108-1489 (717) 232-6600 Attorney For Plaintiff n ?. ? ??- ? a ? ? ? IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA SANDRA MARSH, Plaintiff VS. ROBERT MARSH, Defendant NO. 04-314 Civil Term Civil Action - Law Divorce PETITION FOR RELATED CLAIMS The Petition of Robert Marsh, by his attorney, Kenneth J. Sparler, Esquire, of the law firm of Anstine & Sparler, respectfully represents: 1. Petitioner is Robert Marsh, Defendant herein, who currently resides at 1420 Yocumtown Road, Etters, Pennsylvania 17319. 2. Respondent is Sandra Marsh, Plaintiff herein, who currently resides at 2109 Cedar Run Drive, Apt. 107, Camp Hill, Cumberland County, Pennsylvania 17011. 3. Petitioner and Respondent were married on January 22, 1972, and separated on December 1, 2003. 4. Respondent filed a Complaint in Divorce on January 23, 2004. COUNT I - EQUITABLE DISTRIBUTION 5. Paragraphs 1 through 4 are incorporated herein by reference as if set forth at length. 6. Petitioner and Respondent have legally and beneficially acquired property, both real and personal, during their marriage, all of which property is "marital property". 7. Petitioner and Respondent have been unable to agree as to an equitable division of Anstine & Sparler AOwmwSA' A' said property to the date of the filing of this complaint and substantial portions of said property are in the exclusive control of Petitioner. 8. Petitioner requests the court to equitably divide, distribute or assign the marital property between the parties and to enjoin it from being removed, disposed of, alienated, sold or otherwise encumbered pending final hearing and settlement of all claims. WHEREFORE, Petitioner prays for the entry of an Order distributing all of the marital property, real and personal, as the Court may deem equitable and just, plus costs. COUNT II - ALIMONY 9. Paragraphs 1 through 8 are incorporated herein by reference as if set forth at length. 10. Petitioner lacks sufficient property to provide for his reasonable needs and is unable to support himself through appropriate employment. 11. Petitioner requires reasonable support to adequately maintain himself in accordance with the standard of living established during the marriage. 12. Petitioner requests the Court to enter an award of reasonable temporary alimony until final hearing and permanently thereafter. WHEREFORE, Petitioner respectfully requests the court to enter an award of alimony in his favor. COUNT III - COUNSEL FEES COURT COSTS APPRAISAL FEES AND RELATED EXPENSES 12. Paragraphs 1 through 12 are incorporated herein by reference as if set forth at length. 13. Petitioner has employed Kenneth J. Sparler, Esquire, to represent him in this matrimonial cause. 14. Petitioner is unable to pay his counsel fees, court costs, appraisal fees and related expenses and Respondent is more than able to pay them. Anstine & Sparler Any .,mow 15. Reserving the right to apply to the Court for temporary counsel fees, costs and expenses prior to final hearing, Petitioner requests that after final hearings, the court order Respondent to pay Petitioner's reasonable counsel fees, court costs, appraisal fees and related expenses. WHEREFORE, Petitioner respectfully requests that the court enter an order directing Respondent to pay Petitioner's reasonable counsel fees, court costs, appraisal fees and related expenses. COUNT IV - ALIMONY PENDENTE LITE 16. Paragraphs 1 through 15 are incorporated herein by referenced as if set forth at length. 17. Petitioner is without sufficient funds to maintain himself adequately during the pendency of this action. 18. The Respondent herein is gainfully employed and is financially able to pay your Petitioner a reasonable amount of alimony pendente lite. WHEREFORE, Petitioner prays your Honorable Court to order Respondent to pay Petitioner alimony pending the prosecution of this suit. Respectfully submitted, ANSTINE & SPARLER Date: 117 East Marki York, PA 1740 (717) 846-8811 I.D. No. 07435 Ans tine & $parler Anon - n?L<v. CERTIFICATE OF SERVICE AND NOW, this /day of--,?,,?,-, 2004, I, KENNETH J. SPARLER, ESQUIRE, of the law firm of Anstine & Sparler, hereby certify that I have, this date, served a copy of the within Petition for Related Claims, via First Class, United States Mail, addressed to the party or attorney of record as follows: Jay R. Braderman, Esquire 126 Locust Street P.O. Box 11489 Harrisburg, Pennsylvania 17108-1489 ANSTINE & SPARLER 117 East Mar Street York, PA 17401 (717) 846-8811 Sup. Ct. I.D. #07435 4nstine & Sparler Ala AFbW VERIFICATION The undersigned verifies that the statements made in the foregoing Petition for Related Claims which are within the personal knowledge of the undersigned, are true and correct, and as to the facts based on the information of others, the undersigned, after diligent inquiry, believe them to be true. And further, this Verification is signed on the recommendation of my attorneys, who advise me that the allegations and language in this document are required legally to raise issues for resolution at trial, by the Court, or by continuing investigation and preparation for trial. I understood that some of these allegations may prove inappropriate after investigation and trial preparation are complete and I leave the determination of these matters to my attorneys on their advice. I understand that all statements herein are made subject to the penalties of 18 Pa.C.S.A. §4904 relating to unsworn falsifications to authorities. Robert Marsh Anstine & Sparler Arian n! Lav C SANDRA MARSH IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff V. NO. 04-314 CIVIL ACTION - LAW ROBERT MARSH, : IN DIVORCE Defendant ANSWER TO PETITION FOR RELATED CLAIMS AND NOW, comes the above-named Plaintiff, Sandra Marsh, by her attorney, Jay R. Braderman and answers Defendant's Petition for Related Claims as follows: L-2. Admitted. 3. Denied. Plaintiff and Defendant separated on or about November 2, 2003. 4. Admitted. COUNT I - EQUITABLE DISTRIBUTION 5. The answers to Paragraphs 1-4 are incorporated herein. 6. Admitted that the parties "acquired" property during the marriage. Denied that all of the property is "marital" property as such is a legal conclusion to which no response is required. Admitted in part and denied in part. Denied that substantial portions of marital property are in the exclusive control of the Plaintiff. To the contrary, Defendant Robert Marsh has exclusive control of substantial portions of marital property in that he remains in the marital home and remains in possession and control of accounts and of substantial personal property located in the marital home. 8. No answer required. COUNT II - ALIMONY 9. The answers to Paragraphs 1-8 are incorporated herein. 10. Denied. Defendant is able to support himself through appropriate employment. 11. Denied. Plaintiff is able to support himself so as to maintain the standard of living established during the marriage. 12. No answer required; nevertheless, Petitioner is not entitled to "reasonable" or any temporary alimony. COUNT M COUNSEL FEES, COURT COSTS, APPRAISAL FEES AND RELATED EXPENSES 13. The answers to Paragraphs 1-12 are incorporated herein. 14. No answer required. 15. Denied. After reasonable investigation, Plaintiff is without knowledge or information sufficient to form a belief as to Defendant's ability to pay. 16. Denied. Defendant is well able to pay his counsel fees, court costs, appraisal fees and related expenses. COUNT IV - ALIMONY PENDENTE LITE 17. The answers to Paragraphs 1-16 are incorporated herein. 18. Denied. After reasonable investigation, Plaintiff is without knowledge or information sufficient to form a belief as to what funds are available to Defendant. 19. Denied. Defendant maintains good health and prior work experience makes him a candidate for employment and if so employed, would be able to meet his expenses and would have no entitlement to alimony pendente lite. WHEREFORE, Plaintiff prays your Honorable Court to deny the payment of alimony pendente lite. Date: Harrisburg, PA 17108-1489 (717) 232-6600 Attorney For Plaintiff VERIFICATION Upon my personal knowledge or information and belief, I hereby verify that the facts averred in the foregoing Answer to Petition for Related Claims are true and correct to the best of my knowledge, information, and belief. I understand that false statements herein made are subject to the criminal penalties of 18 Pa. C. S. § 4904, relating to unworn falsification to authorities. Date: ANDRA MARSH CERTIFICATION OF SERVICE I hereby certify that I am this day serving a true and correct copy of the attached Answer to Petition for Related Claims by First Class U. S. Mail addressed as follows: Kenneth J. Sparler, Esquire Anstine & Sparler 117 East Market Street York, PA 17401 Esquire /26 Yocot Street P. O. Box 11489 Harrisburg, PA 17108-1489 (717) 232-6600 Attorney For Plaintiff C'7 N CJ r" ? n5 rl) cet IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA DIVORCE HEARING MASTERS SANDRA MARSH 429 Old York Road New Cumberland, PA 17070 Plaintiff V. ROBERT MARSH 1420 Yocumtown Road Etters, PA 17319 Defendant Kenneth J. Sparler Attorney for Defendant 117 East Market Street York, PA 17401 (717) 846-8811 NO. 04-314 CIVIL ACTION - LAW IN DIVORCE Jay R. Braderman Attorney for Plaintiff 126 Locust Street Harrisburg, PA 17108 (717) 232-6600 MOTION FOR APPOINTMENT OF MASTER (Pursuant to Pa.R.C.P. 1920.74) Defendant moves the Court to appoint a Master with respect to the following claims: X Divorce _ Annulment X Alimony X Alimony Pendente Lite X Distribution of Property X Counsel Fees X Costs and Expenses Support and in support of the motion states: (l) Discovery is complete as to the claim(s) for which the appointment of a Master is requested. (2) Defendant has appeared in this action by his attorney, Kenneth J. Sparler, Esquire. (3) The statutory ground(s) for divorce are irretrievable breakdown [pursuant to Anstine & Pa.C.S.A. § 3301(c) or (d)] . $p ? .- (4) The Complaint was served upon the Defendant on January 30, 2004. (5) The method of service of the Complaint was: Certified Mail (6) The following claims have been raised in the pleadings: CLAIM 3301(a) Divorce 3301(c) Divorce 3301(d) Divorce Alimony Pendente Lite Alimony Equitable Distribution Counsel Fees Costs and Expenses Interim Counsel Fees Modification of Alimony Pendente Lite Modification/Termination of Alimony DATE OF FILING 1/23/04 1/23/04 3/4/04 3/4/04 3/4/04 3/4/04 3/4/04 Respectfully submitted, Date: al _ Kenneth J. Spatter, squire Sup. CUD #074135 Anstine & Sparler 117 East Market Street York, PA 17401 (717)846-8811 Attorney for Defendant fl rSparl q..,,,..,.- La., IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA DIVORCE HEARING MASTERS SANDRA MARSH, NO. 04-134 Plaintiff V. CIVIL ACTION - LAW ROBERT MARSH, Defendant ACTION IN DIVORCE CERTIFICATE OF SERVICE AND NOW, this ,Z1- day of , 2006, the undersigned individual hereby certifies that a true and correct copy of the foregoing MOTION FOR APPOINTMENT OF MASTER was served on all parties of record by way of First Class United States Mail, postage prepaid, addressed as follows: Jay R. Braderman 126 Locust Street Harrisburg, PA 17108 it is G.Altland, Paralegal to Ke eth J. Sparler, Esquire Anstine & Sparler 117 East Market Street York, PA 17401 (717)846-8811 Arxstine & Sparler A.. LA, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA DIVORCE HEARING MASTERS SANDRA MARSH Plaintiff V. ROBERT MARSH Defendant MOVING PARTY. Defendant Kenneth J. Sparler Attorney for Defendant 117 East Market Street York, PA 17401 (717) 846-8811 ORDER APPOINTING MASTER AND NOW, this ? day of `7 (CciL.e? , 2006, ,Anstine & Sparler A i,.t.<..I- (?? ( ??' ?LQ.( Esquire, is appointed Master with respect to the claims raised in this case. (v? AND NOW, this s3 NO. 04-314 CIVIL ACTION - LAW IN DIVORCE NON-MOVING PARTY. Plaintiff Jay R. Braderman Attorney for Plaintiff 126 Locust Street Harrisburg, PA 17108 (717) 232-6600 day of lL GC-? 2006, this matter is referred to the Domestic Relations Office for further proceedings on the claim for Alimony Pendente Lite. ?o 0? 65 1) BY TH RT, 1 J. f.?J rt. C_. . Ti -i y, i{ - ??t7 `? .) f'.) fV a ?? ?: ? 1 f"' "? .._i IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA DIVORCE HEARING MASTERS SANDRA MARSH, Plaintiff, V. ROBERT F. MARSH, Defendant Kenneth J. Sparler Attorney for Defendant 117 East Market Street York, PA 17401 (717) 846-8811 DOM: 1/22/1972 DOS: 11/02/2003 NO. 04-314 Action in Divorce Jay R. Braderman Attorney for Plaintiff 126 Locust Street Harrisburg, PA 17108 (717) 232-6600 1920.33 STATEMENT OF DEFENDANT. ROBERT F. MARSH AND NOW, this day of _'t re, comes the Defendant, Robert F. Marsh, by and through his counsel, Kenneth J. Sparler, uire, and files this Pre-Trial Statement pursuant to Pa.R.Civ.P. 1920.33(b) to which the following paragraphs coincide with each subsection. Anstine & Sparler Anomv uLnw (1). Assets Anstine & Sparler Arzar nAr LAw Item No. Description of Property Names of All Owners Values 1 Real Property: $140,000.00 1420 Yocumtown Road i 11/2/03 Appraisal Etters, PA H&W $168,000.00 Steven E. Brown, Appraiser 12/31/05 Appraisal 1 Real Property: Yocumtown Road Etters, PA H & W (Note: This vacant lot is included in Deed of Marital Residence) 2a Motor Vehicles: 2001 Chevy Tahoe H $18,175.00 ADA value as of 11/2003 2b Motor Vehicles: Chevy Impala Capital Tool & Unknown Leased vehicle Manufacturing & W 3 Stocks, Bonds, Securities and Options: 4 Certificates of Deposit: 5 Checking Accounts, Cash: M&T Bank #18845 H & W $1,875.00 Account Closed 2/4/05 6 Savintis Accounts: 7 Contents of Safe Deposit Boxes: 8 Trusts: 9a Life Insurance Policies: Prudential Financial Life Policy #Rl 094 400 Husband $56,682.00 (1/5/04) Face Value $11,866.00 Cash Value Anstine & $parler AUOANE15'Ar LAw 9b Life Insurance Policies: Prudential Financial Life Husband Policy #25 124 692 Face Face Value alue (11/16/05) $11,652.00 Cash Value 9c Life Insurance Policies: Prudential Financial Life Husband $45,717.00 Policy #25 449 261 Face Value (11/16/05) $25,144.00 Cash Value 9d Life Insurance Policies: Prudential Financial Life Husband Term Life Policy #Z10 865 734 9e Life Insurance Policies: Prudential Financial Life Husband $12,385.00 Policy #D47 467 881 Face Value (11/16/05) $7,375.00 Cash Value 9f Life Insurance Policies: Prudential Financial Life Husband $21,260.00 Policy #D80 065 185 Face Value (11/16/05) $12,754.00 Cash Value 10 Annuities: 11 Gifts: 12 Inheritances: 13 Patents. Copyrights. Inventions Royalties: 14 Personal Property Outside the Home: Anstine & Sparler AIIOIMEV3 L- Businesses: 15a CAPITOL TOOL & MANUFACTURING CO., INC. Wife and Brother TBD Businesses: $470,000.00 15b SANJEF REALTY Appraisal dated 8/24/05 by 429-429A Old York Road Wife and Brother L.G. Connor New Cumberland, PA R.E. Appraiser Submitted on 9/23/05 Businesses: 15c 435 Old York Road Sanjef Realty TBD New Cumberland, PA 16 Employment termination benefits - severance nay, worker's compensation claim/award: 17 Profit Sharing Plan: The OutDoor Country Club Profit Share Plan was rolled over to #19, Oppenheimer Fund IRA in February 2004 - at time of separation, the vested balance was $2,029.26 18 Pension Plans: 19a Retirement Plans, Individual Retirement Accounts: Prudential Financial IRA Husband $45,030.00 #EO 141417 1/01/04 19b Retirement Plans, Individual Retirement Accounts: Principal Financial Group IRA $45000010548 Husband $5,675.00 1/01/04 19c Retirement Plans, Individual Retirement Accounts: Charles Schwab #5938-4300 Wife $25,722.00 7/31/04 Anstine & $parler AIIpM A,(AW Retirement Plans, Individual 19d Retirement Accounts: $1,805.00 Gartmore Worldwide Wife (Estimated value) Retirement Plans, Individual 19e Retirement Accounts: $ 775.00 T. Rowe Price Wife (Estimated value) Retirement Plans, Individual 19f Retirement Accounts: $12,960.00 Vanguard Healthcare FD Wife (Estimated value) Retirement Plans, Individual 19g Retirement Accounts: $4,508.00 Westport Select Cap FD Wife (Estimated value) Retirement Plans, Individual 19h Retirement Accounts: Tyco Retirement Savings & Investment Husband $2,145.00 #MG 90522A 9/30/05 Retirement Plans, Individual 19i Retirement Accounts: DuPont Company Husband $ 38.88 6/11/05 Retirement Plans, Individual 19k Retirement Accounts: Prudential Trust Husband $52,709.00 IRA #6376 9/30/05 20 Disability Payments: 21 Litigation Claims: 22 Military/V.A. Benefits: 23 Education Benefits: 24 Debts Due, Including Loans, Mortgages Held: 25 Household Furnishings and Personalty: 26 Other: (2) Expert Witnesses. Husband will call Steven E. Brown, Brown Appraisers, of York, PA, who will testify regarding the market value of the marital residence, Yocumtown Road, Etters, York County, Pennsylvania. Husband reserves the right to additional witnesses. (3) Lay Witnesses. Husband does not anticipate calling any witnesses other than the parties. Husband reserves the right to call additional witnesses for rebuttal purposes. These witnesses are not presently identified. (4) Exhibits. Husband will be introducing documentation in support of the figures set forth in the asset summary, which documentation has been attached hereto. Husband reserves the right to enter additional exhibits. (5) Income. See Husband's Income and Expense Statement, a copy of which is attached hereto. (6) Income and Expense Statement. See Husband's Income and Expense Statement, a copy of which is attached hereto. (7) Pension and Retirement Benefits. See asset summary above. (8) Counsel Fees. Husband requests counsel fees. (9) Personal Property. The parties have retained their respective personal property. Anstine & Sparler AItpM nAILAw (10) Marital Debts. Names of Names of Item No. Description All Creditors All Debtors Balances 10-1 Mortgage #9279860 M & T Bank H & W $0 1/2006 10-2 Home Equity Loan M & T Bank H & W $26,352.00 #1684-32980001 5/2006 (11) Proposed Distribution. Husband proposes the martial estate be split 60/40 in favor of Wife. Respectfully submitted, ANSTINE & SPARLER f By t ler, squire o ey for Plam 117 East Market Street York, PA 17401 (717) 846-8811 Sup. Ct. I.D. #07435 Anstine & Sparler AnomE KLAw CERTIFICATE OF SERVICE AND NOW, thisA?gday of 2006, I, KENNETH J. SPARLER, ESQUIRE, of the law firm of Anstine & S er, hereby certify that I have, this date, served a copy of the within Pre-Trial Statement via U.S. 1St Class Mail, postage prepaid, addressed to the party or attorney of record as follows: Jay R. Braderman 126 Locust Street P.O Box 11489 Harrisburg, PA 17108 ANSTINE & SPARLER By ? ?? '?_ ,. g?? Ke er, Esquire Attorney for P aintiff 117 East Market Street York, PA 17401 (717) 846-8811 Sup. Ct. I.D. #07435 Anstine & Sparler AuoRwysvL- INCOME AND EXPENSE STATEMENT OF ROBERT F. MARSH ADDRESS: 1420 Yocuintown Road PHONE: (717) 938-3218 Etters, PA 17319 ATTORNEY: Kenneth J. Sparler, Esquire SECTION I: INCOME AND INSURANCE INFORMATION INSTRUCTIONS: THIS SECTION MUST BE FULLY COMPLETED. IF YOU ARE NOT PRESENTLY EMPLOYED, THE EMPLOYER INFORMATION SHOULD REFLECT EARNINGS INFORMATION FROM YOUR LAST JOB. INCOME: CURRENT OR LAST EMPLOYER: Tyco Electronics Corp. PAYROLL ADDRESS: 1420 Yocumtown Road, Etters, PA 17319 POSITION HELD: Plastic Processing Associate RATE OF PAY/FREQUENCY: $17.74/hour HOW PAID: BIWEEKLY GROSS PAY PER PERIOD: $ 1,766.60 ITEMIZED PAYROLL DEDUCTIONS: $ 385.51 FEDERAL WITHHOLDING: $ 174.89 SOCIAL SECURITY (& MEDICARE): $ 131.39 LOCAL WAGE TAX: $ 26.50 STATE INCOME TAX: $ 52.73 MANDATORY RETIREMENT: $* HEALTH INSURANCE: $* 48.93 (Medical & Dental) OTHER (SPECIFY): 401(k) $* 53.00 Disability & SM Life Ins. $* 8.08 NET PAY PER PAY PERIOD $ 1,271.08 OTHER INCOME: WEEK MONTH YEAR PROPERTY OWNED: OWNERSHIP DESCRIPTION: VALUE H W J INTEREST CHECKING ACCTS $ - - - DIVIDENDS _15.00 SAVINGS ACCTS $ - - - PENSION CREDIT UNION $ - - - ANNUITY STOCK/BONDS $ SOCIAL SECURITY REAL ESTATE $ 168.000 X RENTS BUSINESS $ UNEMPLOYMENT COMP. $ WORKMENS COMP. $ - - - IRA TIP TOTAL $ ALIMONY (REC'D) 493.00 TOTAL 508.00 INSURANCE (COVERING DEPENDENTS IN THIS CASE): COVERAGE COMPAN Y AND CLAIMS ADDRESS GROUP # POLICY # H W C HOSPITAL BLUE CROSS OTHER MEDICAL BLUE SHIELD OTHER HEALTH/ACCIDENT DISABLITY DENTAL OTHER *H-HUSBAND, W-WIFE, J-JOINT, C-CHILD I VERIFY THAT THE STATEMENT MADE IN THIS INCOME AND EXPENSE STATEMENT ARE TRUE AND CORRECT, j UNDERSTAND ; F ALSE U NTS HEREIN ARE MADE SUBJECT TO PENALTIES OF 18 PA.C.S. SECTION 4904 L RELATING TO UNSVPO F SIFICAT A N TO AUTHORITIES. SIGNATURE DATE; ?f 27 'eO?p 91-1 f SECTION II: SUPPLEMENT INCOME STATEMENT INSTRUCTIONS: IF YOU ARE SELF-EMPLOYED OR IF YOU ARE SALARIED BY A BUSINESS OF WHICH YOU ARE OWNER IN WHOLE OR IN PART, YOU MUST ALSO FILL OUT THIS SECTION. 1. THIS FORM IS TO BE FILLED OUT BY A PERSON (CHECK ONE) (1) WHO OPERATES A BUSINESS OR PRACTICES A PROFESSION, OR (2) WHO IS A MEMBER OF A PARTNERSHIP OR JOINT VENTURE, OR (3) WHO IS A SHAREHOLDER IN AND IS SALARIED BY A CLOSED CORPORATION OR SIMILAR ENTITY 2. ATTACH TO THIS STATEMENT A COPY OF THE FOLLOWING DOCUMENTS RELATING TO THE PARTNERSHIP, JOINT VENTURE, BUSINESS, PROFESSION, CORPORATION OR SIMILAR ENTITY: A. THE MOST RECENT FEDERAL INCOME TAX RETURN AND B. THE MOST RECENT PROFIT AND LOSS STATEMENT. 3. NAME OF BUSINESS: _ ADDRESS: TELEPHONE NUMBER(S): 4. NATURE OF BUSINESS: (CHECK ONE) (1) PARTNERSHIP (2) JOINT VENTURE (3) PROFESSION (4) CLOSED CORPORATION (5) OTHER 5. NAME OF ACCOUNTANT, CONTROLLER OR OTHER PERSON IN CHARGE OF FINANCIAL RECORDS: 6. ANNUAL INCOME FROM BUSINESS: A. B. C. D. HOW OFTEN IS INCOME RECEIVED? GROSS INCOME PER PAY PERIOD: _ NET INCOME PER PERIOD: SPECIFIED DEDUCTIONS, IF ANY: _ INSTRUCTIONS: SECTION III: EXPENSES 1. ONLY SHOW EXTRAORDINARY EXPENSES IN THIS SECTION, UNLESS NO. 2. APPLIES TO YOU. 2. IF YOU ARE REQUESTING SPOUSAL SUPPORT/APL OR IF YOU ASSERT YOUR CASE CANNOT BE DETERMINED ACCORDING TO THE GUIDELINE GRIDS OR FORMULA, THIS SECTION MUST BE FULLY COMPLETED. NUMBER OF PERSONS IN HOUSEHOLD 1 AND AGES OF SAME: Self MONTHLY EXPENSES MONTHLY EXPENSES SELF CHILDREN SELF CHILDREN HOME EED JATION: MORTGAGE (home equity loan) 392.00 PRIVATE SCHOOL MAINTENANCE 25.00 COLLEGE TEXTBOOKS UTILITIES: COLLEGE TUITION ELECTRIC 114.00 RELIGIOUS COAL 90.00 P ERS NA L: WOOD PELLETS 125.00 ? _?? -CLING 25.00 TELEPHONE 64.00 FOOD X0 00 WATER 22.00 BARBER41AMEoRESSER . 12.00 SEWER 46.00 CREDIT PAYMENTS EMPLOYMENT CREDIT CARDS PUBLIC TRANSPORTATION CHARGE ACCOUNT LUNCH MEMBERSHIPS: TAXES LOANS: REAL ESTATES CREDIT UNION PERSONAL PROPERTY INCOME INSURANCE E H MESW NERS($492NII.) 41.00 MISCELLANEOUS: AUTOMOBILE 44.00 INTERNET 10 00 LIFE 151.00 CHILD CARE . ACCIDENT PAPERSBOOKS/MAGS HEALTH ENTERTAINMENT 1 .00 OTHER PAY TV 6 AUTOMOBILE VACATION . 40 PAYMENTS GIFTS . FUEL 240.00 LEGAL FEES REPAIRS/ MAINTENANCE 30.00 CHARITABLE CONTRIB. M?EDICCAA: OTHER CHILD SUPPORT DOCTOR(Co-Pay) 10.00 ALIMONY PAYMENTS DENTIST 20.00 R: OTHE ORTHODONTIST HOSPITAL MEDICINE -^f3 THERAPY SPECIAL NEEDS (GLASSES) 13.00 TOTAL MONTHLY EXPENSES '" 2431.00 (CONVERSION FACTOR WEEKLY TO MONTHLY IS 4.345) ROBERT F MARSH Tyco Elec 1420 YOCOMTOWN ROAD ETTERS PA 17319 I I Pay Period : 04/17/2006 - 04/30/2006 Pay Date: 05/05/2006 Cash Earn. Taxes Deda -r - Current Z?ru--_ 1,76 :6 T 1711703 ,35.51 ,110.01 1,27 ` - Cash Be nga Hours Current YTD Regular Pay NOn-Ex --CY.-05- 1, Straight Overtime 9.80 173.85 11914.07 Overtime 0.5x Prem 9.80 98.69 1,092.48 Holiday 559.76 Personal 8.00 141.92 283.84 Shift Premium (?) 15.00 199.04 1,980.12 Non-Cash Earn ags Current YTD 01 Company Match 88.33 55. 5 Federal 174.89 Social Sec 106.49 Medicare 24.90 Pennsylvania 52.73 DI/UC 1.59 Newberry 8.59 est Shore S D 1,751.19 1,033.95 241.81 511.98 15.41 83.37 16.32 158.43 r- --- - i i S11Z1002 - Emp oyes Number: 1483 ` Building: 422 Cost Center: 11779 Payroll Area: B3 Hourly Rate/Periodic Sal.: $ 17.74 401k Deductions: Pre-Tax 3 '$ '-Post-Tax 0 % Mar. Status Exemptions Additional Amt. Federal Married 00 State Married 00 City 00 School Dist. 00 -- - -- - ?,w? z,,., aaiance ca Pre-Tax es Dental Pre-Tax 7.89 71.01 401k Pre-Tax 53.00 3513.52 OPT/EMST 52.00 Long Term Disabili 2.27 20.31 Supp Life Employee 5.81 52.29 Taxable Earngs. Current YTD Current Net Pay D str ut on Fe era 1,6".67 1 ,1 3.14 ?M & T Ban 71OB Social Sac 1,717.67 16,676.66 . Medicare 1,717.67 16,676.66 Pennsylvania 1,717.67 16,676.66 Newberry 1,717.67 16,676.66 West Shore S D 1,717.67 16,676.66 Used Cur Ba Pr Bal VAC: 16.00 33.33 64.00 PER: 16.00 13.60 32.00 -- cti 1'1 _ f7't `7 Ca 0 0 I a SUMMARY REPORT MARSH Pmn.rW naec"A UNIFORM RESIDENTIAL APPAL REPORT Fa.m.._ _qn.r,19Ra 0 Yocumtown Road City Efterles' State PA ZipCocle 17319-9767 Least Destription 66Y-919 County York Parcel No. 39-000-08-0075-00-00000 Tax Year 2003 R.E. Taxes $ 1450 Est Assessm?ts S WA Borrower MARSH, Robert F & Sandra J Current Owner Same Occupant X Owner Tenant Vacant Property rights a ised X Fee Simple Leasehold Project Type Ll PUD Condominium HUDrvA only) HOAS N/A /Mo. •, Neighborhood or Project Name Valley Green West Ma Reference ADC-7131 Census Tract 0209.21 Sale Price $ WA Date of Sale WA Description and amount of loan ch oonoessbns to be paid by seller WA Lenderuient Anstine & S arler Address 117 East Market Street York PA 17401 Appraiser Steven E. Brown Address 118 East Kin Street York PA 17403 Location Urban X Suburban Rural Built up X Over 75% 25-75% Under 25% Growth rate X Rapid Stable Slow Predominant occupancy X Owner 99 Single family housing 1()E AGE 100 Low New Preserrt land use % family 88% 2.4 family Land use change X? Not likely ? Likely o In process Property values X Increasing Stable Declining Tenant 250 High 110 Mu rd-family To: Demand/supply X Shortage In balance Oves4* X Vacant(Ri%) Predominant ` Commercial 6% Marketi time X Under 3mos. 3.6 mos. Over seas. VeraM -6% 160 35 Vacant Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: See Attached Addendum. • Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): Typical suburban residential development located about 15 miles north of York City central business district in Newberry Township. Moderate) close to schools shopping, and major work centers. Northeastern school district. This appraisal is a summa report. The location is between York and Harrisburg, and conducive to both locations. Market conditions in the subject neighborhood (Including support for the above conclusions related to the trend of properly values, demand/supply, and marketing time - - such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Current market conditions remain good considering interest rates have fallen of the past several months. Interest rates range from 5% to 5.75% with 0 to 4 points. Project Information for PUDs (if applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)7 YES X NO _ Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project N/A Describe common elements and recreational facilities: N/A Dimensions 150 X 200 X 150 X 200 Topography Sloping Front Site area 0.34 Acres Corner Lot Yes X No Size Average Specific zoning classification and description Suburban Residential Shape Rectangular zoning compliance E] Legal Legal noncorrIcanng(Grandfathereduse) Illegal No zoning Drainage Assumed Adequate Highest & best use as improved: X Present use Other use (explain) View Average Utilities Public Other Off-site Improvements Type Public Private 1-mciscapini;i Average Electricity X Street Macadam X Driveway Surface Macadam Gas Curbigutter None Apparent easements None Water X Sidewalk None FEMA Special Flood Hazard Area Yes X No Sanitary sewer X Street lights None FEMA Zone C Map Date 07/0211980 Storm sewer X All None FEMA Ma No. 422226 00058 Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal no nconforming zoning, use, etc.): No apparent adverse easements or encroachments besides the typical utility easement. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No, of Units 1 Foundation Conc Block Slab 0% Area Sq.Ft. 1150 Roof Cncld No. of Stories 2Level 6cterarWalls Br/Alum/T111 Qa+dSpeceO% %Finished 75% Cei gq Cn licid Type (Det./Att.) Detached Roof Surface As h. Sh. Basement 100% Ceiling Dro &D Il walls Cncld Design (Style) Bi-Level Gutters &Dwrepts. Aluminum Sump Pump Yes Walls Panel Floor Cncid Existing/Proposed Existing Age (Yrs.) 29 ears Window Type D/H Thermo Stonn/Screens Screens Dampness None noted Settlement None noted Floor Carpet Outside Entry Yes None Uak- X Effective a Yrs. 11-14 Manufactured House No Infestation None noted ROOMS F over Living Dining Kitchen Den Family Rm. Rec. Rm. Bedrooms # Baths Laundry Other Area S .Ft. Basement 1 1 0.5 X 1,150 Leven 1 1 X 1 3 2.0 1,230 • Level2 • Finished area above grade contains: 5 Rooms; 3 Bedrooms ; 2 Bat s , 1 230 S u ara Feet of Gross Living Area Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors Carpet & Vinyl/Avg Type BB Refrigerator None Fireplace(s)#Plt&CI X None ? Drywall/Avg Fuel Elect Range/Oven X Stairs Patio Garage 1 & 2 # of cars r Wood/Av CondtionAvera a Disposal Drop Stair Dec k Side Attached Ca eVAV COOLING Dishwasher X Scuttle Porch Encl Side Detached 2 cot Fiber lass/Av Central Yes Fan/Hood X Floor Fence Built-in 1 Hollow CorelAva-d Other Microwave X Heated Pool Carport ConditionAvera a Washer er Finished Drivewa Mac Additional features (special energy efficient items, etc.): 200 Am circuit breaker electrical service. 50 gallon electric hot water heater. Condition of the Improvements, depreciation (physical, functional, and external), repairs needed, quality of construction remodeling/additions, etc.: See Attached Addendum. • Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property: The appraiser is not qualified to detect adverse environmental conditions and recommends an inspection b a certified professional. Should an of these conditions exist and new value conclusion will be formed. R.M. Mn Farr 70 693 PAGE 1 OF 2 Fends Mw Farm 1091 6.93 Prod..d u.N ACIam*-.. M.234.0727 -.W b.- SUMMARY REPORT MARSH ValruHnn S-HAS UNIFORM RESIDENTIAL APFAhSAL REPORT m - u- ..nC 4n&0 ESTIMATED S UE ........................... _ $ 40,000 ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: Dwelling Sq. Ft a $ _ $ Sq. Ft @ $ = C ents on Cost Approach (such as, source of cost estimate, site value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic life of the property): See below. Garage Carport Sq. Ft. @ $ _ Total Estimated Cost New,,,,,,,,,,,,,,,, =$ Less Physical Functional External Est. Remaining Econ. Life: 40 Depredation = $ Depredated Value of Improvements ......... . . . . . . . . . . = $ "As-is" Value of Site Improvements , , , , , , , , , , , , , , , , , , , = $ INDICATED VALUE BY COST APPROACH .. • . • • • • • • • _ ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 COMPARABLE NO.3 1420 Yocumtown Road Address Etters 20 Byron Nelson Circle Etters 5 Mulligan Drive Etters 345 Fairway Drive Etters ProAmIty to Subject 1.7 MI E 1.4 MI E 1.2 MI E Sales Price $ WA 129 000 $ 135 000 ERMFVW? << $ 136 900 Pnc&X3r ss Uv. Area $ 0.00 VJ $ 116.43 0 $ 116.38 $ 112.58 0 Data and/or Verification Sources Insp/Pub Rec/ MLS Insp/Pub Rec/MLS MLS-10086041 Insp/Pub Rec/MLS MLS-10091200 Insp/Pub Rec/MLS MLS-10089590 VALUEADQR/STM M DESCRIPTION DESCRIPTION . • sb DESCRIPTION . • see DESCRIPTION .l- spa Sales or Financing Concessions Conv-16 DOM Conv-46 DOM FHA-17 DOM Date of SaleRme 2/03 9/03 7/03 Location Newberry Tw /A Newberry Tw /G -5,000 Newberry Tw /G -5,000 Newberry Tw /G -5,000 LeasenddFee Srn* Fee Fee Fee Fee site 0.34 Ac/Av 0.50 Ac/AV 0.48 Ac/Av 0.34 Ac1AV View - Average Average Average Average Design and Appeal Bi-Level/Av Bi-Level/Av Bi-Level/Av Bi-Level/Av QuallyofConstruction Br/Alum/T111/Av Br & Vinyl/Avg Br & Alum/Av Br & Alum/Avg e 29 Years 27 ears 32 ears 27 ears Condition Average Average Average Average Above Grade Tow; adoaa ' aft T.W ' a&- ' eaMa Tar ' eema ' Bawa Tow ' Bdnna ' ern. Room Count 1 5; 3: 2.00 5 3 2.00' 5; 3 2.00; 5. 3. 2.00: Gross Living Area 1,230 S .Ft. 1 108 S .Ft. +1,800 1,160 S .Ft. +1,100 1,216 S .Ft. e Basement & Finished Rooms Below Grade 1150 RR FR .5B Lau 1032 RR BR .58 Lau +3,000 1118 RR Lau +5,000 1175 RR Lau +5,000 - Functional Utility Average Average Average Average Heating/Cooling EBB/Central EBB/None +2,000 EBB/None +2,000 OFWA/Central EneW Effidentltams Standard Standard Standard Standard Garage/Carport 2CDet & 1CB-1 1 Car B-I +6,000 1 Car B-1 +6,000 2 Car B-1 +4,500 Porch, Patio, Deck, Fires etc. Front Stoop & EnclRear&Deck Front Stoop & Rear Deck +1,500 Open Front & RearDeck&Patio +500 Front Stoop&Encl ; Rear&Deck&Pati -500 Fence Pooi etc. Pltsty&Coalstove 1 FP -1 000 1 FP -1,000 1 FP -1,000 Kitchen & Bath Mod K&B Mod K&B Mod K&B Mod K&B Net Ad'. total `+= '',: X + ; $ 8,30 0 X + $ 8,600 N J+ $ 3,000 Acjusted Sales Rice of Com arable %?/e 137 300 $ 143 600 II . '^hi6t 3:2/0 $ 139,900 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. ): See Attached Addendum ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 COMPARABLE NO.3 Date, Price and Data So"forprior a" witlyn d 8/73 $300 7/96 $106900 No transfer in the past 12 months unless otherwise noted. 10/00 0114900 Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and oomparables Wthin one year of the date of appraisal: The owner purchased the lot in 8/73 for 300 and then had the home built for them b Mike Martin. The subject property has not been listed "For Sale" or "Sold" in the past three ears unless otherwise noted. INDICATED VALUE BY SALES COMPARISON APPROACH ,,,,,,,,,,,,,,,,,,,,,,,,,,•,,,,. $ 140,000 INDICATED VALUE BY INCOME APPROACH K icable Estimated Market Rent / IMo. x Gross Rant M i ' N/A = $ N/A This appraisal is made 7 "as Is" subject to the repaks, alterations, hWe*m or =dfiDns Bsted below subject to oonpletion per plans and spedficetions. ConcitionsofAppaisal: See Attached Addendum Final Reconciliation: The market data approach to value was given the most weight. The costa roach was not processed due to the various subjective judgements required on the art of the appraiser in assigning depreciation. Relying on this approach could provide a misleading conclusion. The income approach was not processed due to the lack of single family rental type properties. The purpose of this appraisal is tD estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannis Mae Form 1004B (Revised ). I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF November 2 2003 (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $ 140,000 APPRAISER:SUPERVISORY APPRAISER (ONLY IF REQUIRED): Signature c/-? Signature DDid ?Did Not Name Steven E. Brown Name Inspect Property Date Report Signed December 31, 2005 Date Report Signed State Certification # RL-000809-L State PA State Certification # State Or State License # PA State Cert. Resid. R. E. Appraise State Or State License # State VAUL L Ur L Fannie Mae Farm 1000 6.90 a,aeaaa aena aci.anw.a, eoo.z>..arn a•,-«.,a.w.?,n Brown Appraisers ADDENDUAk Borrower. MAMR, Robert F & Sandra J Fib No.: s05.1263 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & Sparler Neighborhood Boundaries The subject property is located to the south of Yocumtown Road, the east of Interstate 83, the north of Pines Road, and the west of Red Mill Road, in the area known as Valley Green West, is located in Newberry Township. The immediate area is comprised of single family homes and vacant land with some new construction taking place in the surrounding areas. The small amount of Commercial land uses does not adversely affect its marketability. Condition of Improvements Typical in floor plan and design for the age home. The home is in overall average condition and repair. The owners purchased the lot in 8/73 for $300 and then had the home built for them by Mike Martin. The basement is finished as a recroom, familyroom, half bath and laundry. The recroom has paneled walls, drop tile ceiling and the flooring is carpet. This room was finished shortly after the home was finished and has a coal stove. The half bath and laundry is not finished (studded walls, concrete floor and exposed ceiling joist). The familyroom has recently been finished where there was once a garage. The room has a drywalled ceiling, paneled walls, and carpet on the floor and has a pellet stove for heat. The upper level is finished as an eat-in kitchen, livingroom, three bedrooms and two full baths. The kitchen has been remodeled, a sliding glass door has been added on the side of the home, which leads to a deck, there is a small enclosed rear porch, new kitchen cabinets and countertops, and new carpeting in livingroom and back the haliwall. The flooring in the three bedrooms and bathrooms are dated, and the closet door is missing in the front bedroom. The main bathroom has a new vanity and top, and the master bathroom has a new cabinet above the toilet. Otherwise, this area is original. The roof and windows have both been replaced. There is a two car detached garage which has been built within the past three to four years according to the owner. Also, the home is situated on a double lot, but cannot be subdivided per the owner. Should this found to be not true, all parties hereby agree to determine a new value conclusion. Summary of Market Data All sales are considered to be similar to the subject being appraised and resulted in a reliable indication of value after adjusting for the various differences. All of the sales have closed. The subject property is located along a road with a moderate amount of traffic, and slopes to the front. The three sales are all located along less traveled roads, and did require minor location adjustments. All of the sales were equally weighted, and no adjustments were required for the age differences due to similar effective ages. The three sales area all similar homes, located in the same school district. Note: This is a retroactive appraisal dated November 2, 2003. Comp photos from the MLS were used to portray their condition at the time they were listed "For Sale." Conditions of Appraisal The subject property is being appraised in "As is" condition. The appraiser's client is Anstine & Sparler. The intended user of this appraisal is Anstine & Sparler, and no other user is intended. The intended use of this appraisal is for estimation of market value for divorce proceedings. This appraisal is a retroactive appraisal to the date of separation (November 2, 2003). The appraiser viewed the property on December 19, 2005). According to Mr. Robert Marsh, the condition of the property at that time, is the same as the current date. Should any of these conditions fail to be true, a new value conclusion may be formed. Market Value: a type of value, stated as an opinion, the presumes the transfer of a property (i.e., a right of ownership, or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. USPAP 2005 Edition The Appraisal Foundation Addendum Page 1 of 1 • FLOORPLA. Borrower: MARSH, Robert F & Sandra J File No.: s05-1263 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA ZIP: 17319-9767 Lender: Anstine & S ader Encl Porch. Kitchen Bath ath Bedroom beck Dnngarea L- F 0 Bedroom Living Room e e Bedroom r Stoop 1st :Story 1420 Yocumtown Road PA Borrower: obert F & Sandra J File No.: s05-1263 Property Ad 20 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S ader A Eaf i k, sY, 77 ?,. SUUJtC 1 PHOPtRTY PHOTO ADDENDUM FRONT VIEW OF SUBJECT PROPERTY Appraised Date: November 2, 2003 Appraised Value: $ 140,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: M?M Robert F & Sandra J File No.: S05-1263 Property Add 420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler COMPARABLE SALE #1 20 Byron Nelson Circle Etters Sale Date: 2103 Sale Price: $ 129,000 COMPARABLE SALE #2 5 Mulligan Drive Etters Sale Date: 9/03 Sale Price: $ 135,000 COMPARABLE SALE #3 345 Fairway Drive Etters Sale Date: 7/03 Sale Price: $ 136,900 MARSH Fib No. s05-1263 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's 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 title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an Identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid If they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were 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 be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser Is associated ) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage Insurer; consultants; professional appraisal organizations; any state or federally approved financial Institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93 • MARSH File No. s05-1263 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that 1. 1 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. 1 have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. 1 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. 1 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. 1 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. 1 was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a speck valuation, or the need to approve a specific mortgage loan. 7. 1 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. 1 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 repot, unless I have otherwise stated in the reconciliation section. 8. 1 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. 1 personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. 'I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the 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: 1420 Yocumtown Road, Etters, PA 17319-9767 APPRAISER: SUPERVISORY APPRAISER (only if required) Signature: c/. Name: Steven E. Brown Date Signed: December 31. 2005 State Certification # RL-000809-L or State License #. PA State Cert. Resid. R.E. Appraise State: PA Signature: Name: Date Signed: _ State Certification #: or State License #: State: Expiration Date of Certification or License: 6/30/07 Expiration Date of Certification or License: ? Did ? Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 10(146 6-93 F-I • Borrower: MARSH Robert F & Sandra J File No.: s05-1263 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler ;"F2"110-1. 1 ir` F. 06 22 7 . ;0,00 I a.?.4.w?` 70: e t, l a , T. 1ALo- 0 ' ,w. sort xass access.-ax?«, 1 &.`ry?P Zip 16144 d.s, r? August.. m ts, „o of .. t;,.t 0., r+wrirrr alts t1.M?r ..1 e*VORty-fthree (1973) artm"" .. RzCWAV J. L#ill0WrT and I%TRZaiw 'M. UMC T,4'...his wife, and JACK L. SHORT and yc)113r 2. SWRl, his wife, and MARRY F. coptay, single men, all of mewbarry 1b??rel?lp: V")c Cwoaty. Pennsylvania, parties tat the first pact, a €t $ . +04917-r. 16AAL and,. WUL..AO-U& ate..... his WLZO. of j the sauna V144". paction i i i rr.,??LL +i tar .ww.J J.", ?r+! 7*. rir ,r1.,PrL4s w rir 0.0 flow. Rrr s.I n. r....r,....". of ;re? 46M Or seven The,**&" 'i i7, 000.,60)--------------.,..----_----_ I aaai . &-j.r ..,?...a aJ .4r t7 "M" srrsrl:y Ar.a+s 0.4 ..1 Or to Pay/ Apt tit as$ l+tfre-i Air want 1 p.1 N &&, art 1.r4 imisf Ii. '4.W )"t, }rfe.r-040 WU*g .wJ'dAI *P .1 16.an #W~. a1. ' to.a.ta. , rM...f s:jr.ry .rl.:.+rr.?fr1. have s 8 N #Aw all/: rpnlwfr ?sM1rd. rr4.a?. ,a?sgrl: wt? fM+?'x"a1 M1 iT lirN ?+pM.lr 1tr R?t, ?ia•... wM. stew. r«A art..w. e... n. a1 s!+f•a• . Nr tit -W po"a N ti, w*wW P.t, the i r ird, .wit +e.ff+.• TOAT c><R'mme truce or paseeeoi of land sitvatal in N4ttNeZzv? _TOre Mhip York dy4us:y. Pennsylvania, mgrir paxtiaul4Vjy bounds and tteaeribed eta follows: liEt3l NjgjN(, at a point in the southern 'tine o! Pennsylvania Lvgx.alativs uuuto aro. 66114 ('SO teat wide), W140% point is 128.97 toot roeaeoured ? w4stwagdly aloft, said line of said muto from the 4wstezn line of Conley i:ano anJ which point is on the line dividing X.ots tins. C_73 ffii end C-74 AS Cris some Age sown on the iMrro ia?w ktax .rrntioned plan of ? Loter. 'hence fkautb 16. 44' W Cast. 150 toot to a, point in the { northern line of t,oC tied. 0-394 therecs South 730 1$' 30" hest dlonq er.?n lAne o! Lot go. C-36 and the northern lilte of ioC So. char aor th w ? C-39, 7 coot to a paint in the line d9.victlnv. "s. *-32 and W aF TAnt In the C-75. on said Flant thjulge MOrtb 161 44'' "o WIWA southern line of Pennsylvania LR4istativs Road! No. 66114 Aforesaid* thanes North 7d- LS' 30" Sash. 200 feet. to -a point. thb p1aeo of bL'6INNl?G. } $92HO EAte Was. C-74` and C-75 00 a2*Wn on vl*n ]tnowa as. Nep of valley cit"A iftstl w'h'"b plan foe, ssroasde in %be clegum fox the Recording of amods in and for ftxk ov%mty, Pennsy3vaania, in Flan book "v", Page 264, k "Y WA • • Borrower: MARSH Robert F & Sandra J File No.: s05-1263 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler WA J2{i i? NL EIYG a Wirt of thu Sawa ptmmi"s slhich darnm3. S. Hylasr b Damd t dated tha lath day of iftip. 1940 aAd iaa*reIbd U `tbo Offioa A£ the Pbnoxdsr of 0aw4! In-And for York comoty. Pennsylvania, in Oo4d Amok 20-9. "%* 6417. gswnbad and aon"ysd unto Harry r: coniay, prraty of trg tixwt part horo-in. 17w aoiss promi om are avb#aat %A> ar, unraaor4ad aq",bmant between ter a:ftro*aJA nosry- F. Cooloy awd aria ot}»r narwd part.irs of 't%* fitrr6 pant %*x*in *oho JoLn in this oonv"mnop in otd*r tbat all riW? t, tit3na asW intomor in "an* io ow same i»: woftod in the partias of t*o aocood part ta.sein fsaprri. UWM* "D 34;9=CT to reatrirxions, rmosrvations. smsmments end Z:Lox,%-or-wy of racozd, aril so a 1100 fO9P,2C&ot-pjt *%T &A.OnS1 0,11 inteoriox linam as a raa%,wr line w*&*i ant.; i a 1 t +??+iAi+wa To* a*-w F`baldMawp LAVOW Flow zom t"Yfi? A.asia?I.ra?r6Nylwrrtleodln?j lxNr? wY4?aKiIn144A1D.?sttNa1Ep111is ftwommow"o-ow tgo?w?r a?uac MOO, W WO lm !bMlw*O1 FLOOD fuw moonnopm Y 422M - WAIERTt tIFOF Phoprty fw oot ? a F6Mti?olatlbadhazad as*r. Yip tis? 42zm Qiwm Who omet: dY.t wtw Aamt om FM: 421U zmwc IWOWTWO&VormFtWHamdAftifitmiwfTHC}nwACIr any 1 wl to aay ffartY 4 ft Ooplam woumoy or ooumbmmn Of O 900rf low iA? arw va"aw of WwAttarAmtky p ft um to a VNUD W puPCWe. NMtar TFFlC as ACI ow atu saner of the f wmprt"lb"oadyJAWtoawowd,pwtvfaF.aw or fr(mm of " fiord +s wm a LOCATION 1420 w, rt PAPW ? A' a ltt / err/ Pond IF FA ¢ •Gd4' p?rcpet a? ?? .xactd ,. C} M I r ;n , w SNOW 8 ti Rrf C,? J „ LP S? 17b1115 • C ' ?,` ?c?? -zoos ,•?. Arias rw inc Scale, 3.47 miles PtspwWby;tlr? Apptwsts717463-?W a 1420 TOCUMMM IND afA 0/# 3 3 2 1230 b.00 14 1 20 a== Sold" CAR 3103 120000 S 3 2_0 1106 1.7 N1 x 2 3 11UZUT6;w M 2103 136000 3 3 2.0 1160 1.4 MI S 3 345 WNW va 7103 136900 3 3 2.0 1916 1.2 MS 2 • I k • SUMMARY RE T MAR Preeerly oAnn UNIFORM RESIDENTIAL AIMAISAL REPORT s a, Property Address 1420 Yocumtown Road City Etters State PA Code 17319-9767 LOW Description 66Y-919 County York Axsessces Parcel No. 39-000-08-0075-00-00000 Tax Year 2005 R.E. Taxes $ 1,743.00 S al Assessments $ N/A Borrower MARSH Robert F & Sandra J Current Owner Same Occuperit: X Owner Tenant Vacant „ Pro rights appraised X Fee -, F-I Leasehold Project T PUD Condominium HUDNA on HOA$ N/A Mb. Neighborhood or Project Name Valle Green West Ma Reference ADC-7G1 Census Tract 0209.21 Sale Price $ N/A Date of Sale N/A Description and $ amount of loan ch esfooncessions to be paid seler N/A Lender/Client Anstine & S arler Address 117 East Market Street York PA 17401 Appraiser Steven E. Brown Address 118 East Kin Street York PA 17403 Location Urban X Suburban Rural Built up X Over 75% 25-75% Under 25% Growth rate X Rapid Stable Slow Predominant occupancy X Owner 99 Single family housing PRICE GE 10 Low New Present land use % One family 90% 2.4 family Land use change X Not likely ? Likely In process Property values X Increasing Stable Declining Tenant 25C High 110 Multl4amily To: Demand/supply X Shortage Inbelaae Oversupply X Vacstt(U5%) WJ_Pr minant Commercial 6% Markethol ' time X tinder 3 mos. 3.6 mos. Over 6 mos. vavtt -s% 160 35 Vacant 4% Note: Race and the racial composition of the neighborhood we not appraisal factors. Neighborhood boundaries and characteristics: See Attached Addendum. Factors that affect the marketability of the properties in the neighborhood (proximity to employme Typical suburban residential development located about 15 miles north of York It and amenities, employment stability, appeal to market, etc.): City central business district in Newberry Township. Moderate) dose to schools shopping, and major work centers. Northeastern s chool district. This appraisal is a summa repo . The location is between York and Harrisburg, and conducive to both locations. Market conditions in the subject neighborhood (including support for the above conclusions relate to the trend of property values, demandisupply, and marketing time - - such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Current market conditions remain good considering interest rates have fallen o the past several weeks. Interest rates range from 6% to 6.75% with 0 to 4 points. _ Project Information for PUDs (If applicable) - - Is the developertbuilder in control of the Horns Owners' Association (HOA)7 YES X NO Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project N/A Describe common elements and recreational facilities: N/A Dimensions 150 X 200 X 150 X 200 Topography Sloping Front site area 0.34 Acres Comer Lot Ye X No Size Average Specific zoning classification and description Suburban Residential Shape Rectangular Zoning compliance X? Legal Legal nonconforming (Grandfsthered use) illegal No z Hi hest & best use as improved: X Present use Other use (explain) oning Drainage Assumed Adequate View Average Utilities ' Public Other Off-site Improvements Type Public Private Electricity i Street Macadam Gas Curb/gutter None Water Sidewalk None Sanitary sewer Street lights None Storm sewer All None Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal n adverse easements or encroachments besides the typical utility easement. Landscaping Average Driveway Surface Macadam Apparent easements None FEMA Special Flood Hazard Area Yes X No FEMA Zone C Map Date 07/02/1980 FEMA Ma No. 422226 0005B onconforming zoning, use, etc.): No apparent GENERAL DESCRIPTION No. of Units 1 No. of States 2Level Type (DetJAtt.) Detached Design (Style) Bi-Level Exlstingpoposed EAstin Age (Yrs.) 31 ears Effective a is. 12-15 EXTERIOR DESCRIPTION Foundation Conc Block Extenor Walls Br/Alumlrl11 Roof Surface As h. Sh. Gutters & Dwnspts. Aluminum Window Type D/HThermo StomNScreens Screens Manufactured House No FOUNDATION Slab 0% OamSpace 0% Basement 100% Sump Pump Yes '' Dampness None noted Settlement None oted Infestation None noted BASEMENT Area Sq.Ft. 1150 %Fltushed 75% Ceiling Dr0 &D II Walls Panel Floor Carpet Outside Entry Yes INSULATION Roof Cneld Ceiling Cndd Walls Cndd Floor Cndd None un r- X ROOMS F aver Uvi Dlni Kitchen Dan Family Rm. Rec. Firm Bedrooms # Baths Laundrv Other Area S .Ft. Basement 1 1 0.5 X 1,150 Level1 1 1 X 1 3 2.0 1,230 • Level2 • Finished area above orade contains: 5 Rooms: 3 Bedrooms • 2 Bath(s): 1.230 S w are Feet of Gross U MN Area INTERIOR Materials/Condition Floors Carpet & Vinyl/Avg ` Walls Drywall/Avg TrimlFirdsh Wood/Avg HEATING Type BB Fuel Elect CaldbonAvera a KITCHEN EQUIP, Refrigerator RangelOven X Disposal ATTIC None Stairs Drop Stair X AMENITIES Fireplace(s)#Pit&CI X Patio Deck Side X CAR STORAGE: None ? Garage 1 & 2 # of cars Attached Bath Floor Carpet/Avg Bath Wainscot Fiberglass/Avg Doors Hollow Core/Av Additional features (special energy efficien COOLING Central Yes Other ConditlonAvera a t items, etc.): 200 A Dishwasher X Fan/Hood X Microwave X Washerer m circuit breake Scuttle Floor X Heated Finished r electrical servic . Porch Encl Side X Fence Pool 50 gallon electric hot w a Detached 2 Built-in 1 Carport Drivewa Mac ter heater. Condition of the Improvements, depreciation (physical, functional, and external), repairs needed, quality of construction remodelingladditions, etc.: See Attached Addendum. • Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property: The appraiser is not qualified to detect adverse environmental conditions and recommends an inspection b a certified professional. Should an of these conditions exist and new value conclusion will be formed. rtk= i ur z Fannie Mae Farm 10W 693 rwaww a.:w aci wow.., eee.234.5727 www.aawwb- SUMMARY REP RT MARSH UNIFORM RESIDENTIAL AI.SAI mrmno r ESTIMA EVALUE, , , , , , , , , , , , , , , , , , , , , , , , , , , = $ 45, ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: Dwelling Sq. Ft. Q E _ $ Sq. Ft. @ $ = _ __ _ _ __ r,- 1N. *UJ " 1 Comments on Coat Approach (such ea, source of cost estimate, site value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic life of the property): See below. Oaaga Calpat Sq. Ft. $ _ Total Estimated Cost New ....... ......... = $ Less Physical Functional External Est. Remaining Eoon. Life: 40 Depedatbn _ = $ Depredated Value of Improvements . . . . . . ...... . . . . . . . = $ "As-is" Value of Site Improvements , ,, , , , , , , , , , , ,, , , , , = $ INDICATED VALUE BY COST APPROACH ........... = ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 1420 Yocumtown Road Address Etters 1720 Valley Green Road Etters 15 Bobby Jones Drive Etters 140 Mulligan Drive Etters Pro>a ' to Subject 1.9 MI ESE 1.3 MI E 1.5 MI F Sales Price $ N/A $ 175 000 $ 169 900 ;'y, _ ' ; F $ 150,900 PdcWGM Uv. Area $ 0.00 $ 143.44 m $ 125.48 $ 127.23 Z Data and/or Verification Sources Insp/Pub Rec/ MLS Insp/Pub Rec/MLS MLS-10119373 Insp/Pub Rec/MLS MLS-10115121 Insp/Pub Rec/MLS MI-S-1 0119119 VALUEAD,ASTAENTS DESCRIPTION DESCRIPTION + - snd DESCRIPTION $ *-* DESCRIPTION . - s Sales or Financing Concessions Conv-11 DOM Conv-2 DOM FHA-7 DOM Date of Salefrime 10/05 - 6/05 9/05 Location Newber Tw /A Newber Tw /A -5 000 Newberry Tw /G -7,500 Newberry Tw /G -7,500 LemalnldFee Fee Fee Fee Fee site 0.34 AGAv 1.60 Ac/AV -5,000 0.51 Ac/AV 0.43 Ac/Avg view Averse Averse Averse Average Design and Appeal Bi-Level/Av Bi-Level/Av Bi-Level/Av Bi-Level/Av QuellityalConsinuction Br/Alum1T111/Av Br & Alum/Avg Br & Vinyl/Avg Br & Alum/Avg e 31 Years 29 ears 22 ears 19 ears Condition Averse Averse Averse Average Above Grade TeW ' B*ms ' ae9, T.W ' edrna, ' Bee, T.W ' a&- ' Sam T.W ' a*- ' Bowe Room Count 1 5: 3: 2.00 5: 3 1.50' +1,000 5; 3: 2.00' 5: 3? 1 00; +2 000 Gross Uvi Area 1,230 S .Ft. 1,220 S .Ft. 1,354 S .Ft. -1,900 , . 1,186 S .Ft. +700 Basement & Finished Rooms Below Grade 1150 RR FR .5B Lau 1144 RR B Lau +4,000 1166 RR Lau +6,000 1144 RR D B Lau +3.000 Functional Utility Averse Averse Averse Average Heatiooll EBB/Central EBB/None +2,000 EHP/Central PFWA/Central Energy Efficient hams Standard Standard Standard Standard GaragelCarport 2CDet & 1 CB-1 1 Car B-1 18,000 2 Car B-1 +5,000 1 Car B-1 +8,000 Parch, Patio, Deck, Fireplace(s), etc. Front Stoop & EndRear&Deck Open Front & Deck & Patio Front Stoop&Encl Rear & 2 Decks -500 Front Stoop & Covered Deck +1,000 Fence Pool etc. Pltsty&Coalstove 1 FP -1,000 1 FP -1,000 1 FP -1,000 Kitchen & Bath Mod K&B Mod K&B Mod K&B Mod K&B Net Ad'. total X + :$ 4.000 X + ;$ 100 X + I I- is 6 200 Adjusted Sales Price r n Kasai 33 ?,°?a Gross 15.4° , of Corn arable $ 179,000 dt ", O?T;°lo $ 170,0001:%t : s 4.1 % $ 157 100 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. All sales are considered to be similar to the subject being appraised and resulted in a reliable indication of value after adjusting for the various differences. All of the sales have closed. The subject property is located along a road with a moderate amount of traffic and slopes to the front. The three sales are all located along less traveled roads and did require minor location adjustments. All of the sales were equally weighted, and no adjustments were required for the age differences due to similar effective ages. The three sales area all similar homes located in the same school dist rict. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO.2 COMPARABLE NO.3 Date, Price and Data Source for pnkx sales withinyearofawasal 8173 $300 12100 1 8/98 $116000 10/00 1$114900 Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any pia sales of subject and oorrnperebles within one year of the date of appraisal: 'See Attached Addendum IATED VALUE BY SALES COMPARISON APPROACH , , , , , , , , , , . , . . . . . . . . . . . . . . . . . . . , , , , , , , , , , , , ,,,,,,, $ 168,000 ... INDICATED VALUE BY INCOME APPROACH Estimated Market Rent $ N/A alto. x Gross Rent Multiplier NtA - N/A This appraisal is made X "as Is" subject to the repairs, alterations, Inspections or conditions listed below C editions cfAppra'sal: See Attached Addendum to 00fr ti0n per plans and specifications. Final Reconciliation: The market data approach to value was given the most weight. The costa roach was not processed due to the various subjective 'ud ements required on the art of the appraiser in assi nin depreciation. Relying on this approach could provide a misleading conclusion. The income approach was not processed due to the lack of single family rental type properties. The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 4391Fannie Mae Form 1004B (Revised ). I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF December 19, 2005 (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $ 168,000 APPRAISER /J SUPERVISORY APPRAISER (ONLY IF REQUIRED): Signature c ` Signature ?Did ?Did Not Name Steven E. Brown Name Inspect Property Date Report Signed December 31, 2005 Date Report Signed State Certification # RL-000809-L State PA State Certification # State Or State License # PA State Cert. Resid. R.E. Appraiser State Or State License # State rA,= G u r z Fannie M. F- 1001 6.93 Produced U*VA w»,.. eodz+d.drn eww.-c b- Brown Appraisers Ah, BornYmOWSH, Robert F & Sandra J File No.: sO5-1241 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender. Anstine & Sparler Neighborhood Boundaries The subject property is located to the south of Yocumtown Road, the east of Interstate 83, the north of Pines Road, and the west of Red Mill Road, in the area known as Valley Green West, is located in Newberry Township. The immediate area is comprised of single family homes and vacant land with some new construction taking place in the surrounding areas. The small amount of Commercial land uses does not adversely affect its marketability. Condition of Improvements Typical in floor plan and design for the age home. The home is in overall average condition and repair. The owners purchased the lot in 8173 for $300 and then had the home built for them by Mike Martin. The basement is finished as a recroom, familyroom, half bath and laundry. The recroom has paneled walls, drop tile ceiling and the flooring is carpet. This room was finished shortly after the home was finished and has a coal stove. The half bath and laundry is not finished (studded walls, concrete floor and exposed ceiling joist). The familyroom has recently been finished where there was once a garage. The room has a drywalled ceiling, paneled walls, and carpet on the floor and has a pellet stove for heat. The upper level is finished as an eat-in kitchen, livingroom, three bedrooms and two full baths. The kitchen has been remodeled, a sliding glass door has been added on the side of the home, which leads to a deck, there is a small enclosed rear porch, new kitchen cabinets and countertops, and new carpeting in livingroom and back the hallwall. The flooring in the three bedrooms and bathrooms are dated, and the closet door is missing in the front bedroom. The main bathroom has a new vanity and top, and the master bathroom has a new cabinet above the toilet. Otherwise, this area is original. The roof and windows have both been replaced. There is a two car detached garage which has been built within the past three to four years according to the owner. Also, the home is situated on a double lot, but cannot be subdivided per the owner. Should this found to be not true, all parties hereby agree to determine a new value conclusion. Analysis of Current Agreements The owner purchased the lot in 8173 for $300 and then had the home built for them by Mike Martin. The subject property has not been listed "For Sale" or "Sold" in the past three years unless otherwise noted. Conditions of Appraisal The subject property is being appraised in "As Is" condition. The appraiser's client is Anstine & Sparser. The intended user of this appraisal is Anstine & Sparler, and no other user is intended. The intended use of this appraisal is for estimation of market value for divorce proceedings. Market Value: a type of value, stated as an opinion, the presumes the transfer of a property (i.e., a right of ownership, or a bundle of such rights), as of a certain date, under specific conditions set forth in the definition of the term identified by the appraiser as applicable in an appraisal. USPAP 2005 Edition The Appraisal Foundation m-Fluum rage r or l C?7 FLOOR Borrower: MARSH, Robert F & Sandra J File No.: s05-1241 Property Address: 1420 Yocumtown Road Case No: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler . _ ... .. •3R'r!? _ .-r^?.7.?«c?.,.e,?,.,,•en°'a9?+s t .,w.v, ,.-.-?v?•R?g?mgr?.?,, - -_„ .-, Encl' Porch. Kitchen Bath lath Bedroom Deck j Diningarea F 0 Living Room Y e Bedroom Bedroom r Stoop 1st Story PA r W?f ( c Borrower: H Robert F & Sandra J File No.: s05-1241 Property A Ws: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler SUBJECT PROPERTY PHOTO ADDENDUM FRONT VIEW OF SUBJECT PROPERTY Appraised Date: December 19, 2005 Appraised Value: $ 168,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE Borrower: Robert F & Sandra J File No.: s05-1241 Property Ad :1420 Yocumtown Road Case No.: MARSH CRY: Etters State: PA Zip: 17319-9767 Lender: Anstine & Sparler Master Bathroom Bedroom Bedroom Borrower: Robert F & Sandra J File No.: s05-1241 Property Ad .1420 Yocumtown Road low Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler Bedroom Hall Bathroom Livingroom Borrower Robert F & Sandra J File No.: s05-1241 Property Ad :1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & Sparler Kitchen 1/2 bath & laundry Recroom Familyroom 2 Car Garage COMPARABLE PROPERTY PHOTO ADDENDUM Borrower Robert F & Sandra J File No.: s05-1241 Property A :1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler COMPARABLE SALE #1 1720 Valley Green Road Etters Sale Date: 10/05 Sale Price: $ 175,000 COMPARABLE SALE #2 15 Bobby Jones Drive Etters Sale Date: 6/05 Sale Price: $ 169,900 COMPARABLE SALE #3 140 Mulligan Drive Etters Sale Date: 9/05 Sale Price: $ 150,900 0 0 MARSH File No. s05-1241 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best Interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or In terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the markets 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 title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapperent 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 be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated ) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage Insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93 • L_J MARSH Re No. S05-1241 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that 1. 1 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. 1 have taken Into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. 1 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. 1 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. 1 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. 1 was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. 1 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. 1 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. 1 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, Wan unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the 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: 1420 Yocumtown Road. Etters, PA 17319-9767 APPRAISER: SUPERVISORY APPRAISER (only if required) Signature: c Name: Steven E. Brown Date Signed: December.31, 2005 State Certification #. RL-000809-L or State License A PA State Cert. Resid. R. E. Appraiser State: PA Signature: Name: Date Signed: _ State Certification #: or State License M. State: Expiration Date of Certification or License: 6/30/07 Expiration Date of Certification or License: ? Did ? Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93 • a Borrower: MARSH Robert F & Sandra J File No.: s05.1241 Property Address: 1420 Yocumtown Road Case No.: MARSH City: Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler ew-.:""djt•!P,:. t,: .;y?, fx. 47FS_ is i x' 7 1 J ? F ?V.O V M ) y/? 1 } t{ y S L! G f i..{7 1?/ Y .+a. aa+i f6i+5(1MfGL Vst»-rrs?rs.. 1+5Lfl +ta1::rJ Al1QL[at. ..r M. f+ar s{ wrr LsN Cir t*..w-t sinr 04-w.w .."i a4v"ty-!th roo (1973) EiPlwW--@l1 s1CHARA J. I.azOGWT_ And PATR%C2w 'M. L9*43N T_bi* wife, and .IAcx L. SIa0AtT and joAm A. samm r. his wLf4e9e, and RwY P. 0cwtby. aingrle man, atl " mewboxxy 45osrtiOhip. Y"Ic Cotmty, pennsylv,%Aia. pattlaa of the t:Lrrt past. his -IC*. of Cho eaa» phase, pustlea } i ? r/ RM ..sr..i--:M•. TMt fir ,rt.:M7tes et ?M h+++ .Ma. Jor ..a " j F uis,szs f47.006,0G) '-s:•- -?----.._.-__.....,.-_"__----- .I N. #¦,. +0 pavan y u.aarh at,04 wwwes .4, MAr #ta+rN i!.9ny; 1r we& •"J #Wjr 04'r bx Nr awi )OriwAN urt -4 1 pwl N tit w:t 1+"r 3..ytlsl + ! /" 'r• r1 awf M rb rri "s ..*d .##40WW7 a/ 16tH prrvair, at -p -bwww M y l?r .fti h.Ve ;r, At. 6rryh.?.1. a4t.dmYrr?+4 ++IrN raw?+f.>+rl ++d #04-a «J 4 1A w #+r+rwh At ,A-r. F+ar.. -it 3 Ief'... r*frRtY. srtr..r, rw.n. bi? 444#wk wW t6w slit. Mdse K ti+ rruae.!t 1+++. their g A.*, -0 eeia 1 jot THAT cats kiff tract or Pascal of 1*04 Situate in Isq,?X prt!. b.4, VOX)c Caun :yr. Cwnnsyxvsnit motet paYtieeulara.y bounded Sid I 000cxibod 40 rollcwan t SEGISfOINti at a point ,in r-h* southern !in* of Pennsylvania Logialativo Raute ". 6611d (SO :wet wide), whteh point is 125.97 fast measured vwtwAtdly a.lotiq said line of said Route icon the %a4strsn litiw of conlcy Y.ana and which point is on the lino dividing Lots Nos. C_73 i r and C-74 as that awrns ass, shown on the Uereinaftas wentioned plan of Lotaz. thenvv S,auth 16' 44.' 10? "at. 150 test. to a,point in the t t noxthvnn lino of Lot go. C-Mt theaVe south 73?* 15' 30' Vftat along ; the north*zn line of Lot mo. c-316 and the nott'haara li,e+s or Lot Ne. -32 and C-19, i00 Stich to a paint in the IL" dividirag. Lqt #pw s?.?, C $ ?? C-7S on swirl Plant thentso <Aatth 16` 44.• JO° faeae/ ?7vi.r.C in the saueharn lime of lannaylvania "gislativo acute No. 66114 aloraaaidr thenew N4sth 73` 15, Si5" Bart, 200 feet to a point, the via" Of DBQSNNIkfKF. 862"0 Lets Has. C-74 "d C-75 as AbOWn an plan kaWdwn As. leap of valley i 69ae0 Mast. «hiab 0366p La sa0aZA" to tho oeftes tax the awaatding of Dowd* in and for Yoxlc 06owty. PennoyWauxia, in Plan boo34 "v, Gaga lea. 3 i areas Guy f 9 I• • Borrower: MARSH Robert F & Sandra J File No.: s05-1241 Property Address' 1420 Yocumtown Road Case No.: MARSH Cdy' Etters State: PA Zip: 17319-9767 Lender: Anstine & S arler mw 6" WA S ING a jras't of hair sow VXAWI:ses io&lceta Mammal S. Hypes b.Y 1Dlsd dat4d the 24th day of rlap.. -i"* and rooordad in ebb ottia* a£ tha: Amaottier pZ Doods inst. and for Wc'k obafnty, Pennsylvania. in DioaW *m* 28-2, rags 347. qsantad and conveyed unto iircry £. CI4pxayr Vt*,,y aIF t)%* fix*t past 15,0"44. The said proftLsaa a" -mimb)WOZ A4," unsosov"d a4weesant Astwenn .tDs atoroiiid mossy- 4 r. ayMI*y and kNO otbar 6SWAD4 V&C"Aa Of tha ktIVOt part 'lvarein :Anti joln in this *enw.yanv* in aavWr time all x*10%t, t3t2 and interawt in '&"a to S%4 a"" be vested in the sm ins at the sevood paaa f?sums in +?dtaaa-. 1Atl1 to AM. SURM :T to ""xA=ticma. reservatiaini. es"Mmants and rl.q*+td-*C-wsy Of IMCM40 AMA eta a ton t°a?r,??a!g^4??Y a314nq ail icntoriox lima as u. *a-r linos aaseatiant: . 'i • 4 i } I" UFApti?WMWM 1471 Iaawrtad'i1u +a . 4? 0 FLOOD ? aMaaMMdiytaayff+tr?leoflao ? awa.MaaM?wapri?ryarfdoadMlo?ala?+a?eayawwe ? RIMrIStaKMKwM+?bflbfpnwd ^*WMan1w III Aw MOdimm ::' JYRlaA iAft at?pid tlrr??IgiA FhihRf Twmmw mko FbW Ha d Cwtiftaba 9fHC) w AC! nW* any aapa foes a,wam m to AV jov aan ag ft oaar•t, aooartaoy a mw Hass of d1b hood mot. %Owing any wwraw of fey a fb w 10 a 1 1, 1lt pumm. t TPiC ro AC! 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' ? ?yLGG]]] S 19 'a °r88SS3333?? a$ 3333 '?° €?33 9 y 1MI, Jul 9* Jul 0; CID 9, -3 a- Hel INFIFE"Reas -Eggs S 'gill ill.1RUFF 16 =0 Ml • WWI i'$ ?''idf3 yy? :des € o SIX . °v ???8 3sfa?gi3g e milli] lolls itIAAIa is a ilia] alias E. ## .. #?? 111919,191PIRMW MIN 0p0p 88ryeen, Wes. A co 01 p?wA # rM r ?r r r ^ cE ^# -?? ? v 1,21511 ri ffl poll IIn 1 Frrb s - M; • UC.1U? pp O 60 a? Ar SAS On, L Is U1 L 79 # ## #######?#E## # : -v flug u #33 33# gill a 5 • M&T Bank ACCOUNT NO. ACCOUNT TYPE 15004206018845 M&T PERSONAL SAVINGS ROBERT F MARSH OR SANDRA J MARSH 1420 YOCUMTOWN RD ETTERS PA 17319 INTEREST EARNED FOR STATEMENT PERIOD INTEREST PAID YEAR TO DATE 0.47 00 0 06108M NM 017 5280 0.89 ArrmINT C"MMADV STATEMENT PERIOD PAGE NOV.2i'-FEB.28,2005 1 OF 1 FAIRVIEW BALANCE POS TS 8 OTHER ADDITIONS THQ WAL$: A HER SUBTRACTIONS CORRENT INTERESTPAID BALANCE N0. AMOUNT NO. AMOUNT 1,873.76 0 0.00 1 1,874764 0.88 0.00 ArrnilUT ArTTUTTV T TRANSACTION DESCRIPTION ITS, .. EREST & OTHER.Abb :IONS W/4 WALS A OTHER SUBTRACTION DAILY BALANCE 11-27-04 BEGINNING BALANCE $1,873.76 12-28-04 INTEREST PAYMENT 0.41 1,874.17 01-28-05 INTEREST PAYMENT 0.39 1,874.56 02-04-05 INTEREST PAYMENT 0.08 02-04-05 CLOSEOUT 1,874.64 0.00 ENDING BALANCE $0.00 ANNUAL PERCENTAGE YIELD EARNED = 0.25 DO YOUR TAXES ONLINE WITH TURBOTAX(R) FOR THE WEB(SM), SERVICE BROUGHT TO YOU BY NAT! IT'S EASY, THERE IS NO SOFTWARE TO DOWNLOAD OR INSTALL. FILE YOUR RETURN ELECTRONICALLY TO GET YOUR REFUND FASTER. THE EASYSTEP(R) INTERVIEW ASKS YOU SIMPLE QUESTIONS AND PLACES YOUR ANSWERS INTO IRS APPROVED FORMS. THERE IS NO RISK - TRY IT BEFORE YOU PAY! GET STARTED AT WWW.MANDTBANK.COM/TURBOTAXS! TURBOTAX AND EASYSTEP ARE REGISTERED TRADEMARKS AND TURBOTAX FOR THE WEB IS A SERVICE MARK OF INTUIT INC. ??,q ntpw?5 tj QS 9Q Prudential Financial ?t o-- Your Variable Appreciable Life Insurance Policy x< ANNUAL STATEMENT Statement Date ROBERT F MARSH W SH 503 0 January 6, 2004 1420 YOCUMTOWN RD Activity From E T T E R S PA 17319-9767 January 5, 2003, to January 5, 2004 Insured's Name We are pleased to provide you with this statement of your Pruco Life Variable ROBERT F MARSH Appreciable Life *insurance policy values and benefits. Your representative will be happy to provide you with a complete review of your insurance coverage, since your r needs may change over time. R 1094 400 To assist you in your review of this statement, a list of terms and definitions is provided Policy Date on the back of this page. The last page of this statement includes a summary of the January 5, 1987 past year's activity. Please retain this statement for future reference. Death Benefit Type Thank you for choosing us for your insurance and financial needs. Variable Your Life Insurance Coverage Profile Scheduled Monthly Premium As of Jan. 5, 2003 As of Jan. 5, 2004 as of Jan. 5, 2004 Policy Face Amount $ 50,000.00 $ 50,000.00 $ 50.50 Excess Death Benefit + 4,626.07 + 6,681.76 Death Benefit $ 54,626.07 $ 56,681.76 Supplementary Benefits + 6,00 Total Scheduled Monthly Premium $ 56.50 Your Policy Values As of Jan. 5, 2003 As of Jan 5 2004 Contract Fund $ 9,628.07 $ 11,865.76 Surrender Charge - 0.00 - 0.00 Cash Value $ 9,628.07 $ 11,865.76 Supplementary Benefits Living Needs Benefit Waiver of Premium Your Prudential representative/ Pruco Securities registered representative JERRY PLUMLEY, LUTCF (717) 975-8150 Your Customer Service Office (800) 778-2255 Address Prudential Customer Service Office PO Box 7390 Philadelphia, PA 19101-7390 Are you connected? Go to prudential.com and click on Account Access & Service 0 33501 OF W SH 503 Prudential V"- Financial Managing Your Policy Each month we review your Contract Fund and Premium Account. Provided that any outstanding Loan Amount does not exceed your policy Cash Value, your policy will remain in force as long as at least one of the following conditions is met: • Your Contract Fund exceeds a dollar figure that we refer to as the Tabular Contract Fund. • Your Premium Account Balance is positive. Your Contract Fund Review Your Contract Fund reflects premium payments, investment experience, charges, and withdrawals. The status of your Contract Fund as of January 5, 2004, is: Contract Fund $11,865.76 Tabular Contract Fun¢ 5,184.00 Contract Fund exceegTabular Contract Fund by $6,681.76 Your Premium Account Review As long as your Accumulated Net Premium Payments equal or exceed your Accumulated Premiums Due, your Death Benefit is guaranteed at $50,000.00, regardless of investment performance. The status of your Premium Account as of January 5, 2004, is: Accumulated Net Premium Payments** $16,471.93 Accumulated Premiums Due 16,414.30 Your Premium Account has a positive balance of $57.63 Please note that accumulated net premium payments are generally not equal to the investment in the policy, i.e. the cost basis, which is used in determining whether or not distributions from the policy are taxable. Your Investment Options Profile As of Contract As of Fund Premium Jan. 5, 2003 Jan. 5, 2004 Breakdown Allocation Flexible Managed $ 9,628.07 $ 11 8 55.76 100.00°/a 100% Total Contract Fund $ 9,628.07 $ 11,865.76 100% 100% In accordance with the investment experience of the options you selected, the Cash Value and Variable Death Benefit may increase or decrease. For information about the financial condition of the portfolios and the investments held in each, you can refer to your Semiannual or Annual Report. Your Contract Fund Net Investment Rate of Return Your estimated Contract Fund net investment rate of return for the past year was 19.70 percent. Your overall Contract Fund annual net investment rate of return since the date you originally purchased the policy was estimated to be 7.74 percent. This investment rate of return is calculated after investment management fees and expenses, and the mortality and expense risk charges are deducted. In addition to market fluctuations throughout the year, the timing and amount of your premium payments and the policy charges can affect your rate of return. PAGE 3 of 7 ROBERT F MARSH R 1094 400 You can transfer from the investment options listed in the Investment Options Profile. A total of four transfers can be made a year. Transfers from the Fixed-Rate Option and the Real Property Account are subject to additional restrictions that are described in your prospectus. To reallocate or transfer funds, call (800) 778-2255. You can change your future premium allocations at any time. Past performance is not indicative of future results. C? Projected Values The projected Contract Fund and Cash Value of your policy, as of January 5, 2005, are $11,826.38 and $11,826.38, respectively. These values were calculated based on the following assumptions: 1. You will pay premiums according to your current billing schedule. 2. The net investment return is equal to 0 percent. 3. The charges specified in the policy are assessed at the guaranteed maximum levels. 4. You do not take any more loans or withdrawals. This is a projection only and cannot be considered a guarantee. Tour aenenciary information Your primary beneficiary: Your secondary beneficiary: SANDRA J MARSH RALPH W MATHIAS PAGE 4 of 7 Please see your beneficiary designation form for details. * o S W W T !a W N ? C=l C=1 7 _ C) C ?.C C CL r-L CL CD d CD CD Cn O' Cn 0 CL CL O p y CDa ^. C) CL CL a CD C1 Cn 7 & ,-„ t!? C1 ? 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T CD X CD CD 55 a d ? d a CD 0 0 0 • O o M O A C7 O =3 N ?' CD ? y OI Oj C 1 -0 n CL [U N CD v s. 1 d N d w O 7 C A7 7 ^? w V N O O S O O 2c) A M O. a 0 0I V N? . O g o O r N= v tea N~ A CO O ? W O f.Tl O n N N 1 P? O oN ? e0 0 N ?i o° ad _ N O N N CD 0 ?S m ? N Q) ? Q? O m CD O O _ w3333 con H.Oi C7 cr, rn O OT Z 3.0 Cl) NM n e z 0 o C S oo pr od0 C ' m w N1 N O O S O 14 n . O O C O Ol d m 0 O. cc C- ID C m O ? C W T T a CO) x CID 0 • r mow w 121 A? l ? D L7 m 0 V Prudential * Financial Your Policy Values Quotation Date - November 16, 2005 W SH 844 F Policy Number ROBERT F MARSH 25 124 692 1420 YOCUMTOWN RD ETTERS PA 17319-9767 Policyowner'sName ROBERT F MARSH Thank you for your recent request for the values and benefits- of your Family policy. The calculation date of the values shown below was November 15, 2005. To assist you in your review of this quotation, a list of terms and definitions isprovided on the back of this page. Your Life Insurance Coverage Profile ?614V A rioui t $ 5,000,00 A4&tioual insurance + 11 864.70 Termination Dividend Total Death Benefit Policy Debt Net Death Benefit + 175.67 $ 17,040.37 0.00 $ 17,040.37 Yout f olicy Vaiu+es Casn?Value $ 3,551.00 Cash Value of Paid-up Additional Insurance and Excoss Paid-up Additional Insurance + 7,925.38 Ternnation Dividend + 175.67 ' OO&Cash Value $ 11, W. t? " oCS 0.00 )f- Insured's Name ROBERT F MARSH Policy Type Family Policy Date February 5, 1972 Other Benefits Gibraltar Accident Benefit Waiver of Premium Your Prudential Agent JERRY PLUMLEY, LUTCF (717) 975-8150 Your Customer Service Office (800) 778-2255 Address Customer Service Office PO Box 7390 Philadelphia, PA 19176 Visit Our Web Site - www.Prudential.com F 94801 GS25 W SH 844 STMT 01 Ed 7-97 • • PAGE 3 of 3 Prudential vW Financial ROBERT F MARSH 25124 692 Your Policy Loan Loan Value $ 10,978.31 Policy Debt - 0.00 Current Loan Value Available $ 10,978.31 Loan Amount $ 0.00 Accrued Interest + 0.00 Policy Debt $ 0.00 The variable loan interest rate charged is 6% until your next policy anniversary. Your Beneficiary Information Your primary beneficiaries: STEVEN R MARSH ALAN R MARSH Please see your beneficiary designation form for more details. Important Notice This is your reduced paid-up insurance amount: $17,174.00 This quotation provides a brief summary of your values and benefits, which your Prudential Agent would be happy to explain to you in more detail. If you do not have a Prudential Agent, a customer service representative can be reached at (800) 778-2255 Monday through Friday, from 8:00 a.m. to Midnight, Eastern Time and Saturday, 8:00 a.m. to 3:00 p.m., Eastern Time to answer questions. Prudential 4 Financial Your Policy Values W SH 844 F ROBERT F MARSH 1420 YOCUMTOWN RD ETTERS PA 17319-9767 Thank you for your recent request for the values and benefits of your Whole Life policy. The calculation date of the values shown below was November 15, 2005. To assist you in your review of this quotation, a list of terms and definitions is provided on the back of this page. Your Life Insurance Coverage Profile `VV" triount $ 20,000.00 AA A44itiotnal;Insurance 25 , .177.92 7 .? 51 k. J auotation Date Novem 16, 2005 Policy Number 25 449 261 Policyowner's Name ROBERT F MARSH Insured's Name ROBERT F MARSH Policy Type Whole Life Policy Date July 5, 1975 Other Benefits Accidental Death Benefit Waiver of Premium Termination Dividend + 540.00 Total Death Benefit $ 45,717.92 Policy Debt - 0.00 Net Death-Benefit $ 45,717.9 Ytwr 00icy Values Cash value $ 9,108.00 Cash Value of Paid-up Additional Insurance and Excess Paid-,up Additional Insurance + 15,496.25 Te inatiorx Dividend + 540.00 Tow ,cash Value $ ,144. - ?y Debt" _ 0.00 t Your Prudential Agent -,.,.r••... JERRY PLUMLEY, LUTCF T (717) 975-8150 Your Customer Service Office (800) 778-2255 Address Customer Service Office PO Box 7390 Philadelphia, PA 19176 Visit Our Web Site www.prudential.com F 94801 GS25 W SH 844 STMT 01 Ed 7-97 Prudential ? Financial Your Policy Loan Loan Value Policy Debt Current Loan Value Available $ 24,084.93 0.00 $ 24,084.93 Loan Amount $ 0.00 Accrued Interest + 0.00 Policy Debt $ 0 , 00 The variable loan interest rate charged is 6% until your next policy anniversary. Your Beneficiary Information Your primary beneficiaries: STEVEN R MARSH ALAN R MARSH Please see your beneficiary designation form for more details. Important Notice This is your reduced paid-up insurance amount: $39,953.00 This is your extended term insurance amount which expires November 14, 2027: $45,177.92 This quotation provides a brief summary of your values and benefits, which your Prudential Agent would be happy to explain to you in more detail. If you do not have a Prudential Agent, a customer service representative can be reached at (800) 778-2255 Monday through Friday, from 8:00 a.m. to Midnight, Eastern Time and Saturday, 8:00 a.m. to 3:00 p.m., Eastern Time to answer questions. PAGE 3 of 3 ROBERT F MARSH 25 449 261 I =21 rn. P.ud?q,? FAMILY ACCOUNT MONTHLY COUPON BOOK ,?,?.,,r company of Artlwicat , v I Accouw NUMBER Z10 865 734 mcouPons Thank you for insuring with Prudential. This book provides "W#11y that combine all the for the Policies in Yom Family Account into one convenient monthly premiums payment this book before using the new book, which we will send you before the start of thew next use period. every coupon in Please Call our Customer Service Office at (800) 778-2255, or our For assistance, agen% JERRY You may also visit us at www.prudential.com, or write us at the following address , LUTCF, at (717) V ROBERT F MARSH 1420 YOCUMTOWN RD ETTERS PA 17319 Customer Service Office PO Box 7390 Philadelphia, PA 19176 . 9 ,t FBO10YF 0111 W SH U 844 WrM an amount otha; than -, 0 I AL F'HtMIUM ?s Paid, Please indicate below which premiums are FOR - COMMENTS: being paid. COMPANY - FULICY NUM&ER PREMIUM AMOUNT PA D42 608 7 85 $14.20 , D47 467 881 $8.50 ' I D80 066 185 - - - - -$29.10 - - - -?- - I I ----------------- ' ---- I ------------------ I 'VIAL W AID _____ ' FOR COMPANY USE ONLY - - - - - - -'- - - - - - - - - - - - - - - - - - - - - I -j I , L --------------------------------- ------------ Prudential * Financial Your Poli Values W SH 844 F ROBERT F MARSH 1420 YOCUMTOWN RD ETTERS PA 17319-9767 Quotation Date November 16, 2005 Policy Number\ D47 467 881 Policyowner's Name ROBERT F MARSH Insured's Name ROBERT F MARSH Thank you for your recent request for the values and benefits of your. Whole Life Policy Type policy. The calculation date of the values shown below was November 15 2005 Whole Life , . To assist you in your review of this quotation, a list of terms and definitions is provided on the back of this page. Policy Date October 23, 1970 Your Life Insurance Coverage Profile _Policy Face Amount $ 5,000,00 Other Benefits Gibraltar Accident Benefit Paid-up Additional Insurance Termination Dividend + 7,249,96 Waiver of Premium Total Death Benefit + 135.40 $ -12-,3-95-.-36 Policy Debt - 0.00 Net Death Benefit $ 12, 85..36 Your Policy Values Cash Value Cash Value of Paid-up Additional Insurance and $ 2,456.65 Excess paid up Additional Insurance + 4 783 31 Ter.tion Dividend , . + 135 40 Totatt Ash Value _ . $ 7,- 55. 'Policy, Debt 0 00 Net (lash Value , S? 7731 .36 Your Prudential Agent JERRY PLUMLEY, LUTCF (717) 975-8150 Your Customer Service Office (800) 778-2255 Address Customer Service Office PO Box 7390 Philadelphia, PA 19176 Visit Our Web Site www.prudential.com F 94801 GS25 W SH 844 STMT 01 Ed 7-97 Prudential ? Financial Your Policy Loan Loan Value Policy Debt Current Loan Value Available Loan Amount Accrued Interest Policy Debt $ 7,061.80 0.00 $ 7,061.80 $ 0.00 + 0.00 $ 0.00 The fixed loan interest rate charged is 5%. Your Beneficiary Information Please see your beneficiary designation form for more details. Important Notice This is your reduced paid-up insurance amount: $10,969.00 This is your extended term insurance amount which expires February 24, 2029: $12,249.96 This quotation provides a brief summary of your values and benefits, which your Prudential Agent would be happy to explain to you in more detail. If you do not have a Prudential Agent, a customer service representative can be reached at (800) 778-2255 Monday through Friday, from 8:00 a.m. to Midnight, Eastern Time and Saturday, 8:00 a.m. to 3:00 p.m., Eastern Time to answer questions. PAGE 3 of 3 ROBERT F MARSH D47 467 881 Prudential * Financial Your Policy Values Quotation Date November 16, 2005 W SH $44 F Policy Number ROBERT F MARSH D80 065185 1420 YOCUMTOWN RD ETTERS PA 17319-9767 Policyowner'sName ROBERT F MARSH Insured's Name ROBERT F MARSH Thank you for your recent request for the values.and benefits of your Life Insurance Policy Type policy. The calculation date of the values shown below was November 15, 2005. Life Insurance To assist you in your review of this quotation, a list of terms and definitions is provided on the back of this page. Policy Date July 2, 1979 Your Lift Insurance Coverage Profile Policy Face Amount $ 15,000.00 Other Benefits Waiver of Premium Dividend Accumulations + 5,864.01 Termination Dividend + 396.30 Total Death Benefit $ 21, 260.31 Policy Debt - 0.00 Net Death Benefit Your Palicy Values Cph Wlue $ 6,493.95 + 5,864.01 + 396.30 12,754.26 0.00 Your Prudential Agent JERRY PLUMLEY, LUTCF (717) 975-8150 Your Customer Service Office (800) 778-2255 Address Customer Service Office PO Box 7390 Philadelphia, PA 19176 Visit Our Web Site www.prudential.com F 94801 GS25 W SH 844 STMT 01 Ed 7-97 PAGE 3 of 3 Prudential vW Financial ROBERT F MARSH D80 065 185 Your Policy Loan Loan Value $ 12,166.71 Policy Debt - 0.00 Current Loan Value Available $ 12,166.71 Loan Amount $ 0.00 Accrued Interest + 0.00 Policy Debt $ 0.00 The variable loan interest rate charged is 6% until your next policy anniversary. Your Beneficiary Information Your primary beneficiaries: STEVEN R MARSH ALAN R MARSH Please see your beneficiary designation form for more details. Important Notice We thought you might also like to know that the current interest rate on Dividend Accumulations is 3%. This is your reduced paid-up insurance amount: $20,060.00 This is your extended term insurance amount which expires November 29, 2030: $20,872.13 This quotation provides a brief summary of your values and benefits, which your Prudential Agent would be happy to explain to you in more detail. If you do not have a Prudential Agent, a customer service representative can be reached at (800) 778-2255 Monday through Friday, from 8:00 a.m. to Midnight, Eastern Time and Saturday, 8:00 a.m. to 3:00 p.m., Eastern Time to answer questions. • 15b • • Appraisal Wsport Tor C(D? Sanjef Realty c/o Jay Braderman, Esquire Property Situated 429 - 429A Old York Road, airview Township, York County v Cumberland, Pennsylvania 17070 L. G. CONNOR ¦ L. G. 2159 Market Street C O N N O R Camp Hill, PA 17011-4707 'F -AL ESTATE APPRAISERS. LTD. 717 737-0574 - FAX 737-3906 August 24, 2005 Jay Braderman, Esquire 126 Locust Street P.O. Box 11489 Harrisburg, PA 17108-1489 RE: 429 Old York Road New Cumberland, PA 17070 Dear Mr. Braderman: In accordance with your request, I have prepared a Complete Appraisal-Self Contained Appraisal Report of the above captioned property. This appraisal was made to estimate the retrospective market value of the Fee Simple Estate as of the date of separation. This appraisal report has been prepared in conformance with the Uniform Standards of Professional Appraisal Practice as published by the Appraisal Foundation. As a result of my analyses, I have formed an opinion that the retrospective market value as defined in the report, subject to the definitions, certifications, and limiting conditions set forth in the attached report, as of the date of separation on November 4, 2003, was: FOUR HUNDRED AND SEVENTY THOUSAND ($470,000) DOLLARS The value opinion reported is qualified by certain definitions, limiting conditions, and certifications which are set forth in this report. This letter must remain attached to the report in order for the value opinion set forth to be considered valid. This appraisal was prepared at the direction of Jay Braderman, Esquire, for use in divorce separation. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are the sole responsibility and at the sole risk of the third party. I accept no responsibility for damages suffered by any third party as a result of reliance on or decisions made or actions taken based on this report. Pennsylvania State Certified General Appraisers 1 L. G. ? 2159 Marker Street C O N N O R Camp Hill, PA 17011-4707 EAL FSTATF. APPRAISERS, LTD. 717 737-0574 • FAX 737-3906 'Employment in and compensation for making this appraisal are in no manner contingent upon the value reported. I certify that I have no financial interest in the property appraised, present or contemplated, and that the appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. Very tr ly yours, Karen Darney PA State Certified General Appraiser Certification Number GA-001260-L File No. 05-117 Pennsylvania State Certified General Appraisers • • TABLE OF CONTENTS Letter of Transmittal ............................................................ 1 Table of Contents ............................................................... 3 Location Map ...................................................................... 4 Summary of Salient Facts ................................................... 5 Subject Photographs .......................................................... 6 Narrative Section Location .............................................................................. 13 Date of Appraisal ................................................................ 13 Description of Appraisal Process ........................................ 13 Interest or Property Rights Valued ...................................... 13 Definition of Ownership ....................................................... 14 Purpose of the Appraisal .................................................... 14 Market Value Definition ....................................................... 14 Function of Appraisal .......................................................... 14 Non-Real Property .............................................................. 15 Hazardous Materials ........................................................... 15 Ownership .......................................................................... 16 Flood Data .......................................................................... 16 Maps ................................................................................... 16 Area Analysis ...................................................................... 17 Township Analysis .............................................................. 19 Neighborhood Analysis/Trends ........................................... 20 Legal Description ................................................................ 23 Site ..................................................................................... 23 Building(s) ........................................................................... 25 Leases ................................................................................ 28 Zoning ................................................................................ 29 Taxes & Assessments ........................................................ 29 Utilities ................................................................................ 30 Highest and Best Use ......................................................... 30 Valuation Process and Scope of Appraisal ......................... 33 Income Capitalization Approach ......................................... 35 Sales Comparison Approach-Improvement Valuation ...... 47 Reconciliation .......................... :.......................................... 57 Exposure Time Estimate ..................................................... 58 Appraiser's Certification ...................................................... 59 Unapparent Conditions ....................................................... 60 Assumptions and Limiting Conditions ................................. 61 Appraiser's Qualifications ................................................... 63 Addendum: Neighborhood Map Zoning Map Property Tax/Plat Map Zoning Ordinance Legal Description Location r4ap) • • SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS LOCATION: 429-429A Old York Road, Fairview Township, York County, New Cumberland, PA 17070 OWNERS OF RECORD: Sanjef Realty, a PA Limited Partnership TAX ID NUMBER: 27-000-RF-0008 LAND DATA: Size: 0.896 acre Shape: Irregular Zoning: R-R, Residential Rural (legal non- conforming use) IMPROVEMENTS: 1.5 story residential dwelling; 2 car garage; 2 light industrial buildings utilized as garage/shop/offices PERSONAL PROPERTY: None included in this report UTILITIES: Public sewer, private water, electric, telephone RIGHTS APPRAISED: Purpose: Market value for divorce settlement Interest: Unencumbered Fee Simple Estate HIGHEST AND BEST USE: As Vacant: Residential building lot As Improved: Industrial use with residential dwelling REASONABLE EXPOSURE TIME: 6 to 18 Months VALUE ESTIMATES: Cost Approach NA Income Approach $472,500 Sales/Market Approach $468,500 ESTIMATED MARKET VALUE: $470,000 DATE OF VALUATION: November 4, 2003 (date of separation) DATE OF INSPECTION: March 17, 2005; July 15, 2005; August 15,2005 DATE OF REPORT: August 24, 2005 5 • SUBJECT PHOTOGRAPHS SUBJECT PHOTOGRAPHS Front (south end) of light industrial building. Front and north side of light industrial building. • • SUBJECT PHOTOGR S SUBJECTE. 3 APHS Rear and south sides of light industrial building. Rear of north end of light industrial ouilding. • • SUBJEC'T' PHOTOGRAP14S SUBJ View of shop area. View of shop area (north end of building). SUBJEcrr PHOTOGRAPHS SUBJECT PHOTOGRAPHS Employees finch room in new addition. { { r Handicapped restroom in new addition. SUBJEc'r PHOTOGRAPHS SUBJEOCT PHOTOGRAPHS Front view of residential house. Rear of house plus: partial view of in-ground pool. • SUBJECT PHOTOGRAPHS SUBJECT SU BJ 1 f d? ?F t} 4 Ly ti L 4? ' ' 1 r ?.ta wir s e e+l h1.lCd?ai+?a?a, - Y ? vF d i SZ House roof with missing shingles/needs new roof. View of pool and light industrial building looking north. UKJI?:C; 1' PHOTOGRAPH Street view of Old York Road looking north. Street view of Old York Road looking south. • • APPRAISAL OF PROPERTY SITUATED 429 - 429A Old York Road, Fairview Township, York County, New Cumberland, PA 17070 LOCATION: The property being appraised is located on the west side of Old York Road, north of the State Route 262; south of New Cumberland Borough and 1-76, aka the Pennsylvania Turnpike; and east of 1-83. The property is known, numbered, and referenced as 429 - 429A Old York Road, New Cumberland, Pennsylvania 17070. It is also identified as York County Tax Map Parcel #27-000-RF-0008, a copy of which has been included in the addendum of this report identifying the perimeter boundaries of the subject property. DATE OF THE APPRAISAL: The effective date of the appraisal is November 4, 2003, which was the date of separation. DESCRIPTION OF THE APPRAISAL PROCESS: The appraisal process included an inspection of the subject property by Karen Darney on March 17, July 15, and August 15, 2005; research and collection of data on comparable land and building sales and on comparable leases; verification of al! information with buyers, sellers, brokers, public records, and/or with other knowledgeable sources; analysis of market conditions, locational factors, physical attributes and other pertinent factors; and development of the*Cost Approach, Sales Comparison Approach, and the Income Approach to value. INTEREST OR PROPERTY RIGHTS VALUED: This appraisal estimates the market value of the Fee Simple Interest ownership it the land and improvements, and other intangible rights in the real property at 429 - 429'=. Old York Road, New Cumberland, Pennsylvania. 0 • DEFINITION OF OWNERSHIP: Fee Simple ownership is defined as "absolute ownership, unencumbered by a ny other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat".1 PURPOSE OF THE APPRAISAL: The purpose of this appraisal is to estimate the retrospective market value, as defined in this report, of the subject property, in Fee Simple, as of the date of separation oil November 4, 2003. A Fee Simple Estate implies absolute ownership, unencumbered by any other interest or estate. The market value will represent the "as is" physwa. condition of the property. MARKET VALUE DEFINITION: Market Value is defined as "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 and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby- 1 . buyer and seller are typically motivated; 2. both parties are well informed or well advised, and acting in what they consider their own best interests; 3. a reasonable time is allowed for exposure in the open market; 4. payment is made in terms of cash in United States 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 salt."' FUNCTION OF APPRAISAL: This appraisal was prepared at the direction of Jay Braderman, Esquire, to be ttsed in divorce settlement. Attorney Jay Braderman is considered to be my client for this appraisal. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this I Tht Appraisal of Real Estate. 11"' Edition. (Chicago, 1996). The Appraisal Institute, p. 137-138. Umforn_i Standards of Professional Appraisal Pri ctice, 2003 Edition, Appraisal Standard Board of the Appraisal Foundation. p I4' 1 .; i • FUNCTION OF APPRAISAL Cont'd: report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are the sole responsibility and at the sole risk of t ht, third party. I accept no responsibility for damages suffered by any third party as a result of reliance on or decisions made :)r actions taken based on this report. This appraisal is in compliance with the Uniform Standards of Professional Appraisal Practices (USPAP), as adopted by the Appraisal Foundation. I consider myself to be an unbiased analyst. My feE! is not contingent upon my value conclusion. NON-REAL PROPERTY: The Federal Reserve Board requires the appraiser to identify and separately val ue any personal property, fixtures, or intangible items that are not real property but are included in the appraisal, and discuss the impact of their inclusion or exclusion on the estimate of market value. There is no non-real property included in the estimated market value of the subject. HAZARDOUS MATERIALS: In this appraisal assignment, the existence of potentially hazardous material used in construction or the maintenance of the building, molds, or the gases found in the environment (such as the presence of urea formaldehyde foam insulation, toxic waste, and/or radon gas) which may ar may not be presE:nt in the property, has not beer: considered. Your appraiser is not qualified to detect such substances. The client is urged to retain an expert regarding these matters if deemed appropriate. The existence of underground storage tanks and their contents, which may or may not be present on the property, have not been considered. Your appraiser is not qualified to detect such substances. An expert in this field should be retained by the property's owner if deemed appropriate. The buildings are of an age where lead based paint may be present. The market does not penalize the property, but the client should be advised of its possible existence. It is assumed that it is not present. If the client has a concern regarding this, then a qualified expert should be contacted. No environmental impact study has been ordered or made. The appraised property is assumed to be in corrrpliance with all applicable regulations unless otherwise noted in the report. The estimated value is based upon no environmental contamination being present. • OWNERSHIP: • The property was acquired by the current ownership of Sanjef Realty. Pennsylvania Limited Partnership, from Ralph W. Mathias and Freda F. Mathias (husband and wife) by virtue of a deed dated December 29, 1997, and recorded in the York County Recorder of Deeds Office in Deed Book 1310, Page 5545. The reported sale.price was $1.00. This is a transfer among family members for the formation of a partnership. Being the same premises conveyed to Ralph W. Mathias and Freda F. Mathias his wife, Grantors, by the following three Deeds: 1) from Elmer E. Beshore and Florence F. Beshore, his wife, by their Deed Dated August 30, 1949, recorded in Deed Book 34X Page 467; 2) from Florence F. Beshore, by Deed dated January 9, 1978, recorded if) Record Book 75N, Page 265; arid 3) from Florence F. Beshore, by Deed dated July 1983, recorded in Record Book 85Z, Page 417. No other transfer has occurred since the last transfer. To my knowledge, the property is not currently listed on the open market for sale or under contract for sale. FLOOD DATA: According to FEMA Community Flood Map #420923A H&I 04, dated February 15, 1978, the property is located in Zone C, which is an area outside the 500-year flood zone According to this flood map data, flood insurance would not be required. MAPS: A copy of the York County tax map has been included in the addendum for the purpose of identifying the perimeter boundaries of the subject property, its overall size and shape, and its relationship to the surrounding parcels in the neighborhood. A location map has also been included in the appraisal for the purpose of identifying the locational features of the subject property as it relates to the existing road system and proximity to amenities and support facilities. MARKETING PERIOD: While it is impossible to know exactly how long a marketing period might be, there are some indicators which help to understand the basic dynamics of any market in relation to equilibrium. These elements and their indicated direction (increasing, decreasing, or stable) are listed b--low: • • MARKETING PERIOD Cont'd.: Market Strength Indicator Decreasing Stable Increasing Volume of Sales X Sales Price X Inventory of Properties for Sale X Days on Market (Properties for Sale) X Volume of Leases (Transa--tions) X Rents X Inventory of Vacant Space X Days on Market (Leased Space) X Availability of Capital X Investment Yield Expectations X Generally, the support for these findings is based on evidence which ranges from conversations with local market participants to field research and analysis. Due to the scope of this appraisal assignment, only a general estimate of the date of equilibrium can be made, since all of the data soUrces are historically focused. In addition to th-- above i iformation regarding market activity, there are various judgments regarding property performance and investor expectations which are currently in use in the present market. In your appraiser's opinion, the estimate of value reflects current market and investment criteria. It is your appraiser's belief that no changes in the real estate or capital markets world be required for the estimate of value to be realized. "The reasonable marketing time is an opinion of the amount of time it might take tc sell a real or personal property interest at the concluded market value level during the period immediately after the effective date of an appraisal.3 Marking time differs from exposure time, which is always presumed to precede the effect date of an appraisal. AREA ANALYSIS: The subject property is located in Fairview Township, York County, which is part of the Harrisburg-Lebanon-Carlisle Metropolitan Statistical Area (MSA), which consists of Cumberland, Dauphin, ebanon and Perry counties. 'The hub of the area is Harrisburg. the area's largest city and the State Capital. The Harrisburg-Lebanon-Carlisle MSA is located in the South Central Pennsylvania region which consists of three MSA's: Harrisburg-Lebanon-Carlisle MSA. York MSA, and Lancaster MSA. This five county region is one of the most strategically located areas in the Eastern United States and the major center for food distribution in the Middle Atlantic market region which contains over 40 million people, 1/5 of the s Advisory Opinion 7_16Q7):_Markating Time Onirions, Uniform Standards of Professional Appraisal Practice. 2006 Edition Appra sa! Standards Board of the Appraisal Foundation, p. 1 39. AREA ANALYSIS Cont'd: national population. Baltimore and Philadelphia are close enough that their suburba; l populations are now impacting on southern York County and eastern Lancaster County. Four interstates and five major state routes run through Central Pennsylvania Convenience to major cities, ports and industrial centers is very good with highway distances as follows: Baltimore 85 miles, Philadelphia 103 miles, Washington 100 miles New York City 185 miles, Pittsburgh 200 miles, Gettysburg 35 miles, Allentown 81 miles and Lancaster 38 miles. Within a day's drive, over halt of the nation's population and 45%, of the nation's manufacturing income can be reached. Freight and rail services to the area are excellent. More than 38 trucking lines maintain terminals in Harrisburg, which is located at the hub of the East-West and North- South lines of the Conrail Railway, making the area ideally situated for storage in transit benefits. The Conrail Railway also operates a large freight classification yard in the area. -Fhe freight yard, which .:an process 4,000 freight cars a day, is connected to all majo( U.S. cities for one and two day deliveries. Eight major airlines provide regular nonstop service to New York, Philadelphia, Pittsburgh, Washington, Chicago, St. Louis, Atlanta, and Boston with connections to anywhere in the world. Every major air-package service is available through the ,Harrisburg International Airport. Employment opportUnitie:: in the area are good. The State of Pennsylvania employs 35,000 area workers, Harrisburg being the State Capital. The U.S. Governmen_ employs another 14,000+, most of which serve two large supply depots, the Army Supply Depot at New Cumberland and the Ship's Parts Control Depot in Mechanicsburg. According to information provided by the Central Penn Business Journal, some of the largest employers in the Harrisburg area include the Commonwealth of Pennsylvania: the U.S. Government, U.S. Postal Service; Hershey Foods Corporation; Naval Support Activity, Mechanicsburg, Pennsylvania Blue Shield, a Highmark Co.; Hershey Medical Center; Defense Distribution Center, New Cumberland; Pinnacle Health System- Electronic Data Systems; U.S. Army War College and Carlisle Barracks; Capital Blue Cross; and Fry Communications, Inc. The economic base of the area is diversified and extends from strong government. service related and transportation facilities, and commercial and industrial uses Unemployment rates art: consistently some of the lowest reported in the area. This is due for the most part to high State and Federal Government employment, as well as expanding private sector, uses of distribution and office facilities. In summary, the area's location with respect to the Eastern United States, the presence of convenient :iighway, air and rail transportation, and the presence of State AREA ANALYSIS Cont'd: and National employment opportinities have resulted in bright prospects for continues' growth in the Harrisburg-Lebanon-Carlisle Metropolitan Statistical Area. FAIRVIEW TOWNSHIP: Fairview Township is the northernmost municipality in York County. With a total land area of approximately 35.5 square miles, it is the fifth largest municipality in York County. Although situatad in York County, Fairview Township is more readily associates: with the Harrisburg marketing area than the York County marketing area. The distance from the northernmost point of Fairview Township to the City of Harrisburg is 3-4 miles. but it is approximately 18-20 miler from the southern border of Fairview Township to the City of York. Due to the closer proximity of Fairview Township to the City of Harrisburg marketing area, it is believed that property values and marketing characteristics would more likely reflect the values of adjoining Cumberland County than the central and southern York municipalities. Most employment is centralized in the Harrisburg area. According to the 2000 U.S. Census, Fairview Township has a population of 14,321 persons. This indicates a 6.961/o increase over the 1990 population, an increase of approximately 932 persons. While Fairview Township has shown growth over the last decade, the growth between 1980 and 1990 at 12% is substantially lower than the growth between 1970 and 1980 at 29°/). In 1960, the population of Fairview Township was approximately 6,530 persons, which had increased by 2,718 persons to 9,248 persons by 1970. This indicates a 41.6% increase in the population over that period of time. By 1980. the population of Fairview Township had increased to 11,941 persons, an overall increase of 2,693 persons or 29°/0. It is believed that this slowdown in growth in Fairview Township over this decade was primarily attributable to the lower desirability of the area for residential properties. It is also believed that the lower degree of availability of utilities within the township hinders residential growth within the area. However, recent growth patterns have shown a Fubstantial increase in development. Other townships with superior utility availability within a similar radius of the City of Harrisburg have shown substantially higher growth patterns over the past decade. Such townships as Hampden and Upper Allen in Cumberland County have each experienced Substantial growth over the past decade, with increases exceeding 2,600 persons each. Hampden Township realized ar.: increase over this period of time of approximately 14.96% or a total of 20,384 persons. Upper Allen Township increased its overall population by 26.7% to a total of 13,347 persons. Lower Paxton Township in Dauphin County showed some if the strangest growth over the past decade, increasing from 3,400 persons to approximately 39,000 persons in the township. According to the 2000 Census, the median family income in Fairview Township was $65,903; the median household income was $57,100; and the per capita income FAIRVIEW TOWNSHIP Cont'd.: was $26,343. These income levels are higher than the central tendency for the state as a whole and have increased to the upper half of the income levels for townships with close proximity to the City of Harrisburg. The following chart provides an indication of median. family, household, and per capita incomes for Fairview, Newberry, Monaghan Warrington, and Upper Allen Townships. MEDIAN TOWNSHIP FAMILY INCOME Fairview $65,:303 Newberry $51,"789 Monaghan $63,098 Warrington $51,941 Upper Allen $65,:349 MEDIAN HOUSEHOLD INCOME $57,100 $48,043 $57,440 $47,425 $54,706 PER CAPITA INCOME $26,343 $20,660 $25,317 $21,368 $24,127 While Fairview Township generally has higher median family, household and per capita incomes than the state as .3 whole, many of the competing townships surrounding the City of Harrisburg tend to express higher levels than those witnessed in Fairview _! ownship. 'This would generally tend to indicate a higher degree of affluence in the other competing townships, except Upper Allen Township to the north in Cumberland County Fairview Township is intersected by the Interstate Highway System. Interstate 83 intersects the township in a northwest to southeast direction. There are six access points to the Interstate Highway System within the township. Exits 15-18A provide access to the Interstate Highway System for businesses and residences within the township. Other roads that provide access to the -ownship include State Routes 114, 262, 382, and 177 These state routes, which are primarily 2-lane blacktop highways with unlimited access, act as the main collection corridors for the various township roads servicing the area. NEIGHBORHOOD ANALYSIS TRENDS: The subject improvements are located in the south-western suburbs of the Greater Harrisburg Area in Fairview Township, York County, Pennsylvania. Harrisburg, the State Capitol, is located approximately 5 miles north-east of the subject. The subject properties are also located in the r orth-eastern section of York County approximately 20 miles tram York, PA :'The Army Su,)ply Depot in New Cumberland is located north of the subject- Highway accessioility in and to the area is one of the neighborhoods greatest assets. Access and exit ramps of Interstate 83 are located '/z mile south of the subject. Interstate 83 is a major north-south traffic artery which provides convenient access to the surrounding Harrisburg areas; arid, also to York and points south including the City of Baltimore. Interstate 821 is a four lane limited access roadway with tow lanes in each direction and connects t ) Interstate 73, also known as the Pennsylvania Turnpike, Route • NEIGHBORHOOD ANALYSIS/ TRENDS Cont'd: degree of value of a property is governed by the balance or apportionment of the four factors in production, which ara labor, management, capital, and land or natural resources. The desirability of the location for the present use is determined by: 1. Proximity to amenities (shopping, churches, transportation, etc.) 2. The caliber of roads that serve the general and immediate area. 3. Police and fire protection. 4. Land use controls, zoning, and the general development trend. In analyzing the general area, consideration has been given to the following: Source of Employment: The general Harrisburg market area enjoys a diversified economic base with stable employment. 2. Population Trends: The positive population trends within the general Harrisburg area have been toward steady upward growth. These trends generally follow employment trends. 3. Trend of Disposable Income: As indicated by the demographics of the area, the disposable income has been increasing, a trend which is expected to continue. In analyzing the neighborhood for commercial use, the following rating analysis was considered: Road System: Accessibility: Site Identity: Neighborhood Trends: Proximity to Amenities & Support Facilities: Balanced Land Use Pattern: Growth Trend: In regard to the subject property itself: Conformity to Existing Land Pattern Architectural Styling & Exterior Finish Front, Side & Rear Yard Setback Land-to-Building Ratio Landscaping Parking Facilities Good Average Average Positive Average Average Positive Average Average Average 2.64:1 (all buildings) Average Average 22 0 • NEIGHBORHOOD AIIALYSIS/TRENDS Cont'd: In summation, it can be said that the neighborhood is homogeneous in composition as to the type cf uses. The road system adequately serves the neighborhood. Major employment centers are convenient. The overall proximity to amenities is a positive feature. The subject property conforms to the existing neighborhood. LEGAL DESCRIPTION: See enclosed legal description in Addendum. SITE: Per subdivision plan approved January 29, 1998, three prior deed descriptions for the property were combined and a new deed was written indicating one co joined property. The subject property is described as follows; Orientation: Internal lot location on the west side of Old York Road. Frontage: 304.81 feet Depth: 206.76' on the south side; 183.44' on the north side Lot Dimensions: 119' x 185.81' x 206.76' x 171.28' x 119' x 183.44' (see enclosed survey on the following page) Shape: Somewhat rectangular Area: 0.896 or 39,029.76+/- acre per tax office Terrain: Gentle incline from street grade and generally level to the rear Drainage: Appears adequate Access & Visibiliiy: Averacte visibility from Old York Road. Paved driveway provides access to both the industrial building and the residential dwelling, which is accessible to both north and south bound lanes of traffic. Old York Road is a two lane, two way, macadam north/south commuter roadway which serves primarily local commuter traffic and runs parallel to Interstate 83. There are no concrete sidewalks, no concrete curbs and no street lights. 23 I? U SITE Cont'd: Environmental Hazards: None known to exist Zonin : Property is zoned R-R, Residential Rural. A copy of the appropriate zoning ordinance outlining allowed uses is included in the Addendum of this report. Utilities: Private water; public sewer; electric and telephone. There are 2 private wells (see enclosed survey). One northwest of the house; one to front the southeast corner of the original office/shop. Easements: Easements on the property include typical utility easements for public sewer, electric, telephone, etc. None of the existing easements appear to have an adverse effect on the property. No other easements were observed during inspection or are known to exist. A title search has not been conducted and is considered to be beyond the scope of this appraisal. NOTE: The survey on the following page shows the office/shop/new addition and the pool shed are outside of the rear building setback. The original buildings were constructed prior to the current zoning. Flooding: According to FEMA Community Flood Map #420923A H&I 04, dated February 15, 1978, the property is located in Zone C, which is an area outside the 500-year flood zone. Functional Adequacy: Site has adequate road frontage and depth. Topography is fairly level. Average functional adequacy present. Site Improvements: Site is improved with a 1.5 story residential dwelling with basement; in-ground swimming pool; two one story concrete block: light industrial buildings attached by an enclosed walkway; and a 2 car attached garage. Parking & Drives: Paved parking for 16 cars, one of which is handicapped designated. Lighting: Adequate Landscaping: Area is primarily in grass. Minimal landscaping which is typical for the area. Outbuildings: Two frame storage sheds. 24 6 N 58;3900" E' 18J 44' 169.83' R°bO1' (fnd.J 10.0' 1j6 ' a w r +' o w 1'fEMV I1flb?`7'IQN I?? 8 ? ? `' o 4 O OfT/CC? aYj? - ° Z Dft ti 6 $ ---s' 12 0' I 680.32 681.32 v ! Oeed L hs L NEy 1? Rte' (Fi7dJ ` . ?• ' 400' t.: 8 wed L ho 67 II I o o F 680 rn i 582.17 NEW eb I J . i PAVIN 13 79. Sbgp !4 fw?ryr i + 12 11 10 9 8 X 7 7 i F•F, EZ. 53.t - ? I ? ? r .0't E "''9 f'o??i?g I ?? 5.6' N8 SPACES 0' = 72.0' 0' ? 5 SP CES.0 16 I 35.0' 15 1 2 3 4 5 6 ' ? I NEW CONCR is r *'EEL STOPS E I 3 av (TYP.) ^ 6? I ' : ? 1 Sfary F?ane I ? ? ? r I I'• Q } i I 30.0' b° BUDDING SE SACK o o ` I ? ? C 76 .?BZSI ?. ?" 1 ; r y. c . ? S 6p y4 45 W 6 b16 ? { ?, ?. 1 • BUILDINGIS): 11 The subject is improved with a 1.5 story brick, single family residential dwelling; a one story garage/shop/storage building; a 2 car attached garage; and a one story light industrial building. The two industrial buildings are connected by an enclosed walkway. Residential Dwelling: Known as 429A Old York Road. This is a 1.5 story brick and aluminum house erected in 1949 and having a total square footage of 1,784 with a partially finished, walkout basement containing 912+/- square feet. The dwelling was constructed over a full basement with concrete block foundation; concrete floor with floor drain and sump pump; and, outside rear entrance. The lower level is partially finished into a recreation room with split rock fireplace and stone hearth, panel and plaster walls, carpeted floors and some cabinets with small sink. The remainder of the basement is utility area with concrete floors, concrete block walls block shower stall, and clothes washer/dryer hook-ups. The first floor has an entry flanked with two coat closets; living room with non- functioning fireplace and access to side, heated enclosed porch, which is now utilized as a laundry room. This enclosed porch has electric baseboard heat, tile ceiling, and panel/brick walls. The dining room has a breakfast bar. The kitchen has an access to rear enclosed porch, carpet floor, wood cabinets, Formica counter tops, single stainless steel sink, built-in desk, pantry, free standing electric range and oven, dishwasher, and exhaust fan/hood; two bedrooms; and, a full bathroom. Bathroom has combination tub and shower, carpeted floor and ceramic tile wainscoting. Second level has two bedrooms with joint access closets; and, full bath. Bath has carpet floor covering, tub/shower with ceramic tile wainscoting, linen closet and built-in vanity. The home has an asphalt shingle roof; wood double hung windows with aluminum storm units and screens; aluminum downspouts; and, wood exterior doors. The roof shows wear and some shingles are missing (see subject photographs). Interior finish includes carpet and asphalt tile floors; plastered walls and ceilings; and painted wood trim. Heat is oil fired hot water baseboard.with individual window air conditioners, whole house ventilation fan and a 200 AMP electrical service. There is a heated 42' in-ground swimming pool with chain link fencing located to the rear of the dwelling with pool house/storage shed and concrete decking. The dwelling has been well maintained and is in average condition. Light Industrial Buildings: There are two concrete block industrial style buildings connected by a covered walkway. On the south side is a garage/shop/storage building; on the north side is a concrete block office/shop building. Each are described as follows: 25 • Building Sketch (Page - IS First Level 13.00' 4.00' KIT Second Level $ a 1 - . - -- - (A 19.00 g 14.00' o 8.00' 1 Bath DR f BR 9.00' 9.00' ?- _ f 0 m LLJ fl.] CO - BR III l m -_ BR J I $.OO LR BR z?,N form SKT.81dSld -"TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE 0 BUILDING(S) Cont'd: Garage/Shop/Storage Building: One story, vinyl sided garagetworkshop with walk-up floored attic. On the south end is a two car, 19' x 24' attached garage with electric door opener. The building was constructed in 1955 and has 2,850 square feet. The building has two large partitioned rooms. The smaller workshop has a front overhead door, parts storage area, and bathroom. Internal opening provides access to larger work room which has a partitioned front assembly room with panel walls. The bathroom has concrete floor, stall shower (not used), toilet, sink, concrete block and wood walls. The remainder of the building has concrete floor, drywall walls, 8-foot ceiling height and drywall ceiling. There is an internal walk-up staircase to the floored attic. This storage area has a rear external staircase providing access also. Workshop/garage is heated with oil forced hot air furnace and has central air conditioning. In 1998 a new handicapped, enclosed walkway was installed which connected the two industrial buildings. Also at this time, an addition was added to the north end of the north building. The enclosed walkway has exterior entries on the south side, the front, and the rear. A ramp extends to the rear of the building and circles back to the front for handicapped access. One can access. the north building from inside the enclosed walkway or from the front of the building. The building is in average condition. Light Industrial Building: One story, painted concrete block manufacturing facility erected in 1979 with 35'x 99'8" addition added onto the north side of the building in 1998. Building contains a total of 8,500 square feet. The building was constructed on concrete slab and has a flat rubber roof; galvanized and aluminum gutters and downspouts; fixed, thermopane windows; steel insulated exterior doors; sodium vapor exterior lighting; and ample electric service. There are five electric heat pumps per owner. The north light industrial building has a front air lock entry with interior door to main reception/office area. In front of this addition is a private office, which connects to the reception/office and an employees lunch room and storage closet. There is a small corridor in this new addition with a handicapped restroom with partitioned toilet, urinal, and sink. To the rear of the addition are two partitioned shop areas and rear access to rear yard area. To the rear in the original building is a large open manufacturing/shop area with partitioned room and double door access to rear yard area. Also to the front of the original building are two restrooms, an engineering room and office. Interior finish of the partitioned areas includes carpet floor coverings (with concrete floors in the workrooms); drop tile ceilings; vinyl cove moldings with stained wood trim; overhead fluorescent lighting; intercom system; wood, hollow core interior doors; and 26 0 Building Sketch (Page - 1) 1* 3ormwer/Clierd °rowty Address 429 Old York Road X New Cumberland County State PA Zoo Code 17070 P.nder NOTE: See enclosed floor plan 85.00' 57.00' Shop Q o 0 --- 19.00' o i $ rn fl- 0 LO o- - o 2 Car co E Garage N 19.00' Endosed Entry Sri 50.00' Office(s) area 85.00' !bl?11 by AM IV"' 0 %,ommenrs: AREA CALCULATIONS SUMMARY Code uesedoon hw sits GBA1 2 Car Garage 456 00 Garage/Shop . 2850.00 Shop/Offices P/P Convered Ent 8500.00 ry 735.95 Net BUILDING Area ( Rounded BUILDING AREA BREAKDOWN Net Totals Breakdown Subtotals 2 Car Garage 11806.00 19.00 x 24.00 456.00 735.95 Garage/Shop 50.00 x 57.00 2850.00 Shop/Offices 85.00 x 100.00 8500.00 11806 3 Items ( Rounded) I 11806 Form SKT.BldSId -TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE 0 a d' q ? a, i t 0 F ? d • d el i ? !1 I . o V. ? l? 0 0 BUILDING(S) Cont'd: panel walls. Restrooms have sirj ilar finish with plastic paneling, partitioned toilet, and asphalt tile floor covering. The men's restroom has an additional utility sink and urinal in the rear storage area. The balance of the building has concrete floor and drop tile ceiling. Ceiling height is 13-feet per the tax office. General Condition & Functional Utility: The buildings are in average condition. The functional utility is decreased duelo lower ceiling height and floor plan. Compatibility With Surrounding Properties: Compatibility means that a building is in harmony with its use or uses; and its environment. Harmony extends to form, style, materials, and scale. The subject; property is located in a neighborhood developed mostly with residential/agricultural uses.; It has been in this area for some time and with rural influences surrounding, it blends with the neighboring properties. Non-Real Property: None included in this report. Hazardous Materials: None was observed during inspection or known to exist. While a reasonable effort has bgen made by personal inspection and inquiry regarding the nature of current and previous occupancy, your appraiser is not professionally qualified to detect or verify thip existence of hazardous substances. The client is cautioned that subsequent verifipation of the existence of hazardous substances may have an effect on the value of ;the property as estimated in this report. If there is a concern, the client is urged to retain an expert in this field. deficiencies. New restroom, han adequate to accommodate the Disabilities Act became effecti ADA requirements and-has not the property to determine wl detailed requirements of the ) property, together with a detal reveal that the property is not of the Act. Any substantial cha to revise the value conclusion review and update this valu necessary. Since the apprais possible noncompliance with the property has not been con: :s Act (ADA): There do not appear to be any major iicapped ramp/access, door widths, etc, appear to be disabled. PLEASE NOTE: The Americans With re January 26, 1992. Your appraiser is not expert in made a specific compliance survey and analysis of ether or not it is in conformity with the various DA. It is possible that a compliance survey of the led analysis of the requirements of the ADA, could n compliance with one or more of the requirements riges which may be required, may make it necessary in this report. Your appraiser reserves the right to ation if any ADA upgrades to the property are :r has no direct evidence relating to this issue, he requirements of ADA in estimating the value of idered. Codes and Regulations: Your appraiser assumes that all aspects of site and building renovation/construction chid comply with all laws, ordinances or regulations of all authorities having jurisdiction, whether borough, county, state or public utility. 27 • • BUILDING(Si Cont'd: I also assume compliance; with all laws, ordinances, rules, codes and regulations, including those of the Department of Environmental Resources, Department of Public Welfare, Department of Labor and Industry, the National Fire Protection Association, ASME, OSHA, SMACNA, ASHRAE, NEC, BOCA, and all public bodies (federal, state or local). DEPRECIATION: Depreciation is loss in value due to any cause. It is the difference between the value of structural improvemenis or a piece of equipment and its reproduction or replacement cost as of the date of valuation. Depreciation is divided into three categories: Physical depreciation: This is loss in value due to physical deterioration, such as normal wear and fear on the structure and component parts over time, and deferred maintenance. Physical depreciation due to age and normal wear and tear. Functional Obsolescence: 'This is loss in value due to some flaw in the structure, material, or design that diminishes its function, utility, and value in relation to current standards. It may be either a deficiency or an over- improvement. Use of replacement cost would preclude the need to deduct for functional obsolescencg. Functional obsolescence due to lower ceiling heights and floor plan. The subject has an in-ground pool which is a superadequacy for this anpa. The full depreciated reproduction cost of this item cannot be recovered with resale. However, superadequacies do contribute some'value to property, so appropriate adjustments are made in the Sales Comparison Analysis. Economic Obsolescence: utility or salability due to are, by nature, incurable obsolescence. LEASE(S): This is loss in value due to an impairment of its negative influences outside the property. These an the part of the property owner. No economic The industrial buildings are. owner occupied. Capitol Tool & Mfg. Co. Inc. (Owners Jeffrey R. Mathias and Sandra J. March, also known as SANJEF) leases the property for $4,000.00 per month. There is no written lease. The residence is occupied by a family member. Rent is $250.00 per month. There is no written lease. SANJEF pays the taxes and insurance. The tenant pays the utilities. Due to the lack of leases, market rents will be utilized in the Income Approach. 28 E ZONING: E Property is zoned RR - Residential Rural. Subject is a legal non-conforming use predating the current zoning. The purpose of this district is to promote residential development which blends with rural activities, protect existing natural land features and is compatible with the general character of the area. Some of the permitted uses include: single family detached dwellings; ;crop/tree farming, pasturing, horticulture, greenhouses, hatcheries, and similar enterprises; storage, packing and marketing of fruits/vegetables; raising/keeping poultry, rabbits, goats, horses, cattle, hogs and similar animals; dairy farming; churches and schqols; non-intensive home occupations; non-profit parks/playgrounds; religious/educational, and/or social campus/retreat facility; and customary accessory uses/buildings incidental to any of the permitted uses. A copy of the appropriate zoning ordinance outlining allowed uses is included in the addendum of this report. TAXES & ASSESSMENTS: (Tax Map #27-000-RF-0008-00-00000) Assessment: Land $58,540 Improvements 400.240 TOTAL $458,780 Taxes: County $2,069.10 Municipal 549.62 School 5.1$4.21 CURRENT TOTAL REAL ESTATE TAXES $7,802.93 Common Level Ratio for York County: 100% Value Implied by Assessment: $458,780 The common level ratio is established by the State Tax Equalization Board each year and is used as a measure ?f the relationship between the assessment and market value. The market value implied by the assessment is derived by dividing the assessed value for the subject property by the current Common Level Ratio. If the implied market value is substantially (usually at least 15%) higher than the market value estimated in this report, prudent management would seek an adjustment in the assessment. If the implied market value is substantially loyver than the market value estimated in this report, a review should be made of any agditions and/or renovations which may have been made since the last assessment, which ;may prompt a reassessment if the property were sold. 29 • i TAXES & ASSESSMENTS CoAl Vd: A note should be made th the assessed value of the proper may not be reflective of the act period. Therefore, the indicated i Ratio to the assessed property confirmed or supported by your al UTILITIES: 0 while the application of the Common Level Ratio to creates a market value indication for tax purposes, it iI market conditions which exist at the current time ?rket value through application of the Common Level lue is provided as information only and is not one Public utilities available to Jhe subject are: HIGHEST AND BEST USE: The highest and best use of a* property is that use to which the land can be put which will create the greatest uti ity for the land, be it in profit or in amenities, and that which is permitted or would be permitted by the local municipal or township authorities, and that which would not be unpuly objectionable to the character of the surrounding property and keeping within the s pe of the general neighborhood development. Elements affecting value hich depend on events or a combination of occurrences which, while within the realm of possibility are not fairly shown to be reasonably probable, should be excluded from consideration. Also, if the intended use is dependent upon an uncertain act of another person, t e intention cannot be considered. Highest and best use is c onsidered as that use of the land which may reasonably be expected to produce the highest and best return to the land, over a given period of time. Highest and best use is t at legal use which will yield to the land the highest present value. It is sometimes refgrred to as "optimum use". In estimating highest and hest use, there are essentially three states of analysis: Sewer - M icipal Water - Pr i'ate Electric - Peinsylvania Power & Light Co. Telephone - Commonwealth Te lephone A. Possible Use: U es to which it is physically possible to put the site in questipn. 30 HIGHEST AND BEST USE Coiit'd: B. Permissible UsO: Legal uses permitted by zoning and deed restrictionsion the site in question. C. Feasible Use, ?'ossible and permissible uses that will produce the highest net return or highest present worth. The highest and best use O Of the land (site) if vacant and available for use may be different from the highest and b jst use of the improved property. This is normally true when the improvement is not an ?}ppropriate use and yet makes a contribution to the total property value in excess Df the value of the site. The following test must be ?assed in determining the highest and best use: A. The use must be legal. B. The use must be probable, not speculative. C. There. must be profitable demand for such use and it must return to the land the highest net return for the longest period oftime. HIGHEST AND BEST USE AS (VACANT: The highest and best use of land as though vacant assumes that the site is vacant or can be made vacant by demo ishing the existing improvements. The questions to be answered in this analysis are: If the land is, or were, vacant, what use should be made of it? What type of building or other iimprovement if any should be constructed on the land, and when? Legally Permissible: The si district is to promote residential existing natural land features any Some of the permitted uses inclu pasturing, horticulture, . greenhc packing and marketing of fruit horses, cattle, hogs and similar intensive home occupations; nor social campus/retreat facility; anc of the permitted uses. . is zoned RR - Residential Rural. The purpose of this evelopment which blends with rural activities, protect is compatible with the general character of the area. e: single family detached dwellings; crop/tree farming, ses, hatcheries, and similar enterprises; storage, /vegetables; raising/keeping poultry, rabbits, goats, animals; dairy farming; churches and schools; non- profit parks/playgrounds; religious/educational, and/or customary accessory uses/buildings incidental to any Regulations call for a Zimurn lot area which will accommodate setback, impervious coverage limits antreet parking requirements; 30% maximum building 31 0 • HIGHEST AND BEST USE ASVACANT Cont'd: coverage and a 35-foot height limitation, plus certain front, side and rear yards. A building used for allowed uses within the eight, density, and yard requirements would be legally permissible. there do not appear to be any deed restriction preventing any specific uses. . Physically Possible: The slJape, size, utility and terrain impose physical constraints on the types of possible uses. The subject lot is fairly level and contains 0.896 acre. The site is somewhat rectangular in shape, slightly inclines from grade and is generally level to the rear property line. While,- no soil or engineering tests were available, the surrounding improvements suggest that there are no physical constraints on development. According to zoning ordinsinces which govern the RR zone, each lot shall have front, side and rear yard setbacksof not less than the depth or width indicated below: Lot size - 30,000 square feet or 0.689 acre Lot width, - 100 foot minimum Lot coverage; - 30% Front yard - 40 feet Side yards - 20 feet 'Rear yard - 35 feet Financially Feasible: Uses that meet the above two criteria must also be capable of providing sufficient revenue to meet operation expenses, the required rate of return on investment, and the required rate of return on the site. There are no apparent im ediments to the development of the subject property that would cause excessive development costs. Overall, construction costs, sustainable rents, and occupancy levels for commercial uses in this area indicate that development could be expected to be financially feasible. The site size would restrict the number of uses. Churches, schools, parks, agricultural and livestock uses would require a larger tract of land, Of the allowed uses, residential appears to be the only 'feasible use. Maximally Productive: Of the above feasible uses, which is the most profitable and would represent the highest and best use for the site as vacant? The subject n?ighborhodjd is located just a short distance form the New Cumberland Army Depot and Interstate 83 which is a primary commuter corridor connecting the subject area to th4 Capitol Complex and Interstates 76 and 81. The area consists primarily of residential Ond agricultural uses. New construction is occurring in Fairview Township. The location, access, and size of the site are conducive to residential 32 • • HIGHEST AND BEST USE AS 'VACANT Cont'd: use. Therefore, is the site were Iscant and available for use today, the highest and best use for the subject site would be a residential lot. HIGHEST AND BEST USE AS IMPROVED: The highest and best use of the property as improved pertains to the use that should be made of an improved ;property in light of its improvements. It is the use that maximizes an investment property's value, consistent with the long-term rate of return and associated risk. The site is irr proved with a single family residential dwelling and two light industrial buildings connec?ted by an enclosed walkway. Improvements are in average condition. This is a legal non-conforming use. Based on the foregoing, therefore, it is my opinion that the highest acid best use of the subject property is as improved. i The scope of work is the work an appraiser performs to develop assignment results. It addresses both the degision to develop an approach and the determination of the appropriate technique and what constitutes appropriate and sufficient data and analyses to support the conclusioO. The appraisal report describes the appraisal process. To the extent that some data is not in the report, it is retained in the appraiser's files. The appraisal process included a walk-thru inspection of the subject property by Karen Darney; research and collection of data on comparable land and building sales and on comparable leases; verication of all information with buyers, sellers, brokers, public records, and/or with other knowledgeable sources; analysis of market conditions, locational factors, physical attributes and other pertinent factors; and development of the Sales Comparison Approach and ;the Income Approach to value. The purpose of this appraisal is to estimate the retrospective market value of the Fee Simple title to the subject property. In general, the appraisal proceeds from an analysis of the area, site, and improvements to the actual valuation. The basis for the valuation process is the highest and best use of the property, which may or may not coincide with the property as improved. The highest and best use represents the most profitable of the possible, permittTd and feasible uses. The goal of the valuation process is a well documented and suppo fted value conclusion that reflects the appraiser's study of all factors that influence the market value of the property being appraised. In order to do this, the appraiser usually studiies a property from three different view points which are typically known as the three approaches to value. They are as follows: 1. The Cost Approach whereby the current cost of reproducing or replacing the improvements, less the loss in value from depreciation 33 • MARKET RENT: To arrive at the rental income that this property would most probably command on the open market, a comparison is made of the most current rental rates being paid for comparable space. NOTE: Due to the confidential nature of commercial leases and at the request of commercial brokers and property managers in this area, your appraiser has not disclosed the details of those leases analyzed. The reason for this is that competitor leasing brokers have been using this information to take tenants from these properties and place them in their own listings. Information obtained and/or provided for this appraisal was permitted with confidential restrictions. Detailed information has been maintained in your appraiser's files. RENT ANALYSIS: A survey of the market was done for comparable light industrial space. From this survey comparable rentals have been selected for use in this analysis to help estimate the current rent potential for the subject's industrial type space. Following is a brief summary of the survey: . No: Location: Data Sire (et} $$$ I SF Annual Term Type lease 00x: 1 Upper Akn Twp Nov-01 200 35A3 $11,980 3 yr Net End urdt w/ drlvedn door,50W WIIca:3% aal:1 Syr renew op;pubtic rAllltles 2 New Curnbarww Feb-03 4741 $3.75 $17,779 5 yr Net Sm. Older wmp2'cetikp:1.43 ac: all public utiou";1-3yr opton to renew 3 Fakvim Twp 060-01 4800 $5.97 $28.858 3 yr Net 2 bay shop %Wgn heat:am.oMca,&0'ceikq public uuwm 13yr option 10 nswsw 4 Swetara Twp Feb-03 4800 $408 $19,488 3 yr Net N6wiy mw4aud; Woe kp;pray6lstorape2balhe offlawbk 1974, .2 roams 5 Swears Twp Oct-01 5000 $4.87 $24,350 2yr9mo Net Now Sr. 20'-=*411 pa:l3yr option to renew. 4% excalabons 9 Swats Twp Au2-03 5500 $4.87 $28.785 2 yr Net offkN0R13e:1dock door:l7 o6iNpe: 4.1 acrw,pubtio udwin: off Rt 322 7 Hampden Twp Dec-00 8500 $8.00 $39.000 3 yr Net FNxMAree:17 cWWW 1 acre: no escalations 8 Lmw Allen Twp Mar-02 7852 $3.88 $28,895 4 yr Net 2 dock door whoe w/ am office: 27 osiiirp:1.4 sere: public udWJW 3-5yr options 9 Fah4ew Twp Jul-01 8704 $7.83 $88.152 5 yr Net New flex bldp2400at offle fmd rata: 5-2yr options to renaw:0.8acpAft utilities 10 FairA w Twp Apr-03 10200 $4.75 $48,450 5 yr Net 23004 offk a bloek:t roelinpe0.92 ae: public Wkies2-3yr options Mean: $8.18 Median: $4.87 a The above ten net leases range in rent from $3.68 to $7.83 per square foot. The lower rents are for older space with lower ceiling heights. The highest rent is for new space with higher ceilings and superior location. Leases were limited for similar space is typically owner occupied. The average of all leases is $5.16 per square foot. 36 0 • RENT ANALYSIS Cont'd: Discussions with-commercill brokers and owners indicate that similar space would typically be owner occupied. Lenses for similar floor plan space of similar age/ceiling height were limited. Your appraiser estimated rents for each of the separate industrial spaces, which are attached only by the covered walkway. Each were designed for different uses. The above investigation revealed ten leases for this class of property considered sufficiently appropriate for comparison with four leases detailed for this analysis for the garage/shop and the office/shop Treas. The market indicates that similar space is leased on a net basis in which the tenant pays for all operating expenses. Each lease was analyzed with respect to the use, location, and quality/condition of space and is described as follows: November, 2001, for 2,000 squad Upper Allen Township.. Rent is escalations and one 3-year op?c Industrial Park just off 1-76, the P' office space, superior in age, natural gas. Adjustments made f equates to $5.25 per square foot. in February, 2003, for 4,741 squa Borough. Rent is fixed at $3.75 nine foot ceiling height; and is s flood plain location, inferior qual indicates that more is paid for si equates to $4.69 per square foot. February, 2002, for 4,800 squa Swatara Township. Rent is curl with recent interior and exterior 14-foot ceilings in storage/garaj and served by public utilities. height. Adjusted rent equates to rable #1: A three year net least was entered into in feet of industrial space located in Mechanicsburg, rrently at $5.83 per square foot. There is 3% annual in to renew. Space is located in the Rossmoyne insylvania Turnpike. It is an end unit with 500 sq.ft. of Fe-in door, and served with public utilities including r superior location and ceiling height. Adjusted rent able #2: A five three year net least was entered into feet of warehouse space located in New Cumberland :r square foot. Space is located in a flood plain; has Ted by public utilities. Adjustments made for inferior lacking air conditioning and larger size. The market Iler space due to economics of scale. Adjusted rent arable #3: A three year net least was entered into in feet of flex space located in on Chambers Hill Road, tly at $4.06 per square foot. This is good flex space novations. Building was constructed in 1974 and has office; two restrooms; two 49'x47' partitioned areas, justments made for larger size and superior ceiling .26 per square foot Garage/shop Rental Corn arable #4: A three year net least was entered into in December, 2001, for 4,800 squa a feet of shop space located in the Fairview Industrial Park. Rent is currently. at $5.97 { er square foot. There are 3% annual escalations and one 3-year option to renew. This; is a two bay shop with gas heat, small office, 18-foot ceiling height, and built in 1989. Site has 0.78 acre and is level. Adjustments made for 37 • i Garage/Shop Rental Grid - r J General - Location: UAVer Allen Twn New r,tmhnrte.,a c.._.__ - 1 w rwrvlew 1 Size- Square Foot : Rent Per Sq.Ft. 2000 $5.83 4741 $3.75 4800 $4.06 4800 $5.97 Date: (Year) T e Lease: i Current Net Current Net Current Net Current Net Tenant Expense Adjustment Rent Concessions: Free Rent, etc. Adjustment $$ Adjusted Price / Month : $0.00 Similar i $0.00 ; S5.83 $0.00 Similar $0.00 $3.75 $0.00 Similar $0.00 54.06 $0.00 Similar $0.00 5597 Location Adjustment ( %) ':Superior -5% Inferior 5/ Similar 0'/0 Similar 00/0 Quality/Condition Similar Inferior Similar Similar Adjustment % 00/0 100/0 -00/0 0'/0 Public Utilities Similar Similar Similar Similar AA.ustme? % 00/0 00/0 00/0 00/0 Size ( sq ft) 2,850 square feet Similar 2000 Larger 4741 Inferior 4800 Inferior 4800 Adjustment % 00/0 10'/0 100/0 100/0 Other: Ceiling Height, Parking, etc. Adjustment % Superior -5% Similar 00/0 Superior -5% Superior -100/0 Total Adjustments -100/0 25% 5% 0'/0 Adjusted Value Indication { $$$$$) j$5.25 $4.69 $4.26 55.97 Statistical Measures Range !$4.26 $5.97 Midpoint $5.12 Median: $4.97 Mean Average: $5.04 i Industrial/Office Space Rent Grid General - Location: Hampden Twp Hamoden Two Fairview Twn Fairview Twn Size- Square Foot : 6500 7852 8704 10200 Rent Per Sq.Ft. $6.00 $3.68 $7.83 $4.75 Date: (Year) Current Current Current Current T Lease: Net Net Net Net Tenant Expense Adjustment: $0.00 $0.00 $0.00 $0.00 Rent Concessions: Free Rent, etc. Similar Similar Similar Similar Adjustment $5 i $0.00 $0.00 $0.00 $0.00 Adjusted Price / Month $6.00 53.68 $7.83 $4.75 Location Similar Similar Superior Similar Adjustment (%) 00/0 00/0 -5% 00/0 Quality/Condition Inferior Inferior Superior Superior Adjustment % 5% 25% -15% 00/0 Public Utilities Similar Similar Similar Similar Adjustment % 0% 00/0 00/0 00/0 Size ( sq ft) Superior Similar Similar Inferior 8,500 6500 7852 8704 10200 Adjustment % -5% 00/0 00/0 5% Other. Ceiling height, parking, etc. Similar Similar Superior Similar Adjustment % 0/- -5% 00/0 Total Adjustments ( 00/0 20% -25% 5% Adjusted Value Indication ( $5555) 56.00 54.42 $5.87 $4.99 Statistical Measures Range ! $4.42 $6.00 Midpoint ! $5.21 Median: $5.43 Mean Average: $5.32 • Pd. Taxes: $ 7,803 Insurance: 1,867 (industri? I buildings) Insurance: 540 (residential) Sewer : 1,050 Trash: 541 Repairs: 11,673 Total Expenses $ 23,474 • Taxes are considered reasonable. Taxes were calculated based on mileage rate and assessed value. The insurance rate equates to $0.16 per square foot. The average, based on appraiser file data, ran es between $.014 to $0.24 per square foot. Subject's insurance cost falls within the *ange and is considered reasonable. The residential insurance cost is also reasonable; The sewer is a quarterly fled payment(s). The sewer is fixed at $131.25 for both the residential dwelling and the in, buildings. Trash would be contracted out by the tenants. The repairs/maintenance ncludes new doors, a new stove, a new hot water heater, and rewiring. These wou typically be included in the reserve for replacement allotment. The actual Mainten nce expense is $1,544.12, which includes plumbing repairs and furnace cleaning. Th maintenance costs are considered reasonable. Other expenses such as electric and heat are paid by the tenant which are typical tenant expenses in this market. COMMENTS ON EXPENSES: Your appraiser projected t' a typical or "stabilized" annual cash expenses forecast to be payable by the owner of he property. The operating expenses are the annual expenses or annual cash outflow; borne by the owner-investor of the income-producing property as the necessary cost f generating the gross income(s) it is forecast to be capable of producing. They rep esent what the owner of the type of property being appraised pays for according to custom, the lease or market standards. The industrial space woul q lease on a net basis with the tenant responsible for a prorated share of taxes, ihsuran?e, and operating expenses. The owner would pay for structural repairs. ically leased on a gross basis with the owner paying The residential dwelling is ?ypc for taxes, insurance, and mainte e. A ll other operating expenses including electric, telephone, heat, sewer, trash, lawn care and snow removal are typically the tenant's responsibility. 40 • • COMMENTS ON EXPENSES Qont'd: Insurance: The owner supplied the insurance cost(s) for the residential and industrial buildings. The residential insurance actual cost was included in the reconstructed expenses. The industrial tenant would lease on a net basis. Real Estate Taxes: They are the responsibility of owner for the two car garage and the residential improvements which include the dwelling, swimming pool and shed. Taxes for have been estimated by applying the current millage rate to these assessment components. The York County Tox Assessment Office supplied your appraiser with the assessed value of the house, garage, pool, etc. Based on the old deed and enclosed ts are situated on 0.447 acre. Estimated taxes for the survey, -the residential improvemeTl land were based this land size. e estimated tax obligation to the owner for the gross rents is $1,586.74; or say, $1,587; rounded. Utilities: The market indic#tes that the utilities would be borne by the tenants. Property is served by private on 4ite well water. Sewer is billed separately for the house and industrial buildings. Electric, telephone, heat and trash are paid for by the tenants. Lawn Care/Snow _Removal, Lawn care/snow removal would typically be borne by the tenants. Snow removal would; be paid by the owner due to the shared nature of the driveway and parking area. Cost would depend upon the amount of snow received. Estimated cost is $750 per year. Maintenance and Repair: T:,hese are the responsibility of the property owner for the residential uses only. The 2003 tdtal costs reported by the owner was $1,544, which was rounded down to $1,500. Management and LeasingTFees: For the purposes of this report, I am assuming prudent property management aid the use of a professional commercial real estate management firm. When addressing the investment value of the property by the Income Approach, owner occupancy is nbt typically considered. Typical leasing fees are 5% to 12% for new space, with management fees at 1%-2% of the lease amount if the agent is involved. Based upon 2 or 3 tenant nature of the building, a weighted rate of 7% of effective gross income was used. Reserve for Replacement Of Fixed Assets: It is the responsibility of the landlord to provide for the structural integri and major mechanical components of the property in order to ensure continued rental Hof the subject over time. Therefore, it is necessary to anticipate a long term maintenance reserve for the replacement of such items as the roof, parking lot, electrical systems, plumbing fixtures, and HVAC. These items have not been taken into account in the maintenance and repair category. To estimate the long term replacement preserve, replacement costs for each of 41 • • COMMENTS ON EXPENSES Cont'd: these items is anticipated by using the Marshall and Swift Cost Service for the subject. Each of the various item's estimated replacement costs was divided by its useful life. The sinking fund factor was applied to estimate replacement cost to anticipate an annual reserve amount necessary. When applying this sinking fund factor, it is anticipated that the annual reserve amounts will be placed into an interest-bearing account to provide the necessary funds for replacement of the items as required. Based on this analysis, an annual reserve amount of $3,662.56 is anticipated, which has been rounded to $3,700. The following chart provides the details of this analysis: Total Useful Sinking Annual Res: ITEM # Units $ / Units Cost Life ( Yrs) Fund Factor Amount Flooring 2200 $2.10 $4,620 7 0.12661 $584.94 Plumbing Fixtures 17 $75 $1,275 20 0.033582 $42.82 Roof Covering (Shingle) 4042 $2.40 $9,701 25 0.02401 $232.92 Roof Covering (Rubber) 8500 $1.55 $13,175 25 0.02401 $316.33 Hot Water Heater 2 $650 $1,300 11 0.074149 $96.39 Boiler (Hot Water Heat) 1 $2,000 $2,000 25 0.02401 $48.02 Heat Pumps 5 $3,000 $15,000 12 0.066552 $998.28 HVAC - 7.5 ton 1 $4,356 $4,356 12 0.066552 $289.90 Parking Lot 4620 $2.10 $9,702 8 0.10853 $1.052.96 " Heating based on 1/3rd of total replacement cost to reflect only mechanical components ** Sinking fund factor based on 4% annual rate $3.662.56 The residential dwelling is in need of roof replacement. A prudent buyer would deduct for the cost of installing a new roof. Estimated roof replacement is $4,000, which was deducted from the estimated value in the Income Approach to value. 42 • C STABILIZED 'OPERATING STATEMENT sn_Ft esic.. M ......... Office/industrial 8500 $5.50 $46,750 Garage/Shop 2850 $5.00 $14,250 Total $61,000 Residential Dwelling ($750/Mo) 1784 $9,000 2 Car Garage ($1001mo.) 456 $1,200 Total 13590 $10,200 Less Vacancy & Collection Loss Residenti t 4% $408 Less Vacancy & Collection Loss (Industrial) 15% $9,150 Industrial Effective Gross Income $51,850 Residential Effective Gross Income $9,792 Total Effective Gross In ome $61,642 Operating Expenses % of Effective $$ /sf Total Reserve For Replacement 6.00% $0.27 $3700 Real Estate Taxes (residential) 2.57% $0.12 $1587 Insurance (residential) 0,88gy $0.04 $540 Snow Removal 1.22% $0.06 $750 Maintenance i 2.43% $0.11 $1500 Management / Leasing Fees 7.00% $0.32 $4315 Total Expenses 20.10% $0.91 $12,392 Net Operating In ome 79.90% $49250 CAPITALIZATION Loan-To-Value Ratio 75% Market Interest Rate 6.5% Term ears 15 E u -To-Value Ratio 25% Equity Dividen Rate 10% Mortgage Cc? stantl 0.1045 BAND OF INVESTMENT Loan Ratio x Mortgage Co stant 0.078400 "Amounts are Rounded Automaticall Equity Ratio x Equity Dividend Rate 0.025000 y in this approach." Ca italization Rate 0.103400 Net Operating Income I Cap. Rate Value $49250 0.103400 = $476308 Less roof cost -4,000 Implied Mortgage Pri ciple $354231 Annual Debt S rvice $37029 Debt Coverage atio 1.330 Value Indication: 72308 Gross Income Mull iplier 46.30 Operating Expense Ratio 20.1% Value Per Sq. Ft. Re ble $34.75 Value Per . Ft. Gross Bldg $34.75 43 CAPITALIZATION RATE: The income capitalization < property is indicated by the net present worth of future benefits. earned income before debt se appraised by use of a mortgage purchase real estate with a relat larger amount of mortgage finan amount and terms of available me to attract sufficient equity capital. • oach is based on the principal that the value of a rn to the property, or what is also known as the future benefit of income-producing properties is and depreciation. Commercial properties are ity analysis, which reflects what investors typically small amount of equity cash (20%-30%) and a 1 (70%-80%). This technique gives weight to the age financing and what rates of return are required The overall capitalization rate is calculated by the band-of-investment method, which builds the rate based on r turns required by the various investor interests. The band-of-investment method weigh the required returns of the lender and equity investor based on the loan-to-value ratio. hen the mortgage constant and equity dividend rates are known, the overall capitalization rate can be calculated. The following is a summary of the band-of-investment formula: 1st MORTGAGE % of TOTAL I X MORTGAGE CONSTANT = WEIGHTED RATE EQUITY FUNDS % of TOTAL X EQUITY DIVIDEND = WEIGHTED RATE TOTAL 100% AND A survey of local lenders w the area. The fixed rate loans are over 15-20 years; have a 5 year 6.5% depending upon the strengt there is strong competition for loar 6.5% amortized over 15 years wa; mortgage constant for these termE The remaining capital requi the equity investor. The rate of re' equity dividend, or cash-on-cas associated with commercial real E rates for other forms of non-rea Appraisal Institute and the Fed investment average rates were as = OVERALL RATE is done to establish the commercial lending policies in being written at a 75% loan to value ratio: amortized balloon; and with interest rates ranging from 5.5% to of the borrower. According to mortgage loan officers, s and commercial loans are being negotiated. A rate of considered appropriate for subject's age and use. The is 0.1045. ,d for a commercial investment generally comes from rn that an equity investor expects based is known as return. Due to the increased perception of risk ,tate, equity dividend rates are presently higher than estate investments. Published money rates by the ,al Reserve Statistical Release, indicate that key 44 • • 6 Month Ti[easury Bills 0.99% 3 Month C rtificates of Deposit 1.10% Used Ho; Avg. 30 yr mtg rate 5.82% Treas. Bo d Market rate 30-year 5.15% Corporate JBonds - (Aaa) 5.62% `Corporate (Bonds - (Baa) 6.60% Prime Rate 4.00% Due to the tragic events w' ich occurred on September 1, 2001, and the resulting war, the risk is greater. Discussio s with local investors indicate that they expect a least a 10% equity rate. Based on the above range, and adjusting for the risk and liquidity involved in real estate, an equity ate of 10% was considered reasonable for investment for this subject property. CAPIT I ZT1 The capitalization rate is' computed as the weighted average of the returns required by the mortgage and ?quity funds. This capitalization is used for valuing stabilized net income. The overall papitalization rate is computed as follows: Portion Mortgage .75 X Equity .25 X Weighted Average 1.00 Rate Weighted Rate .104533 = .0784 .100000 .0250 .1034 The direct capitalization approach converts a single year's estimate of net operating income into value by th application of an overall capitalization rate. The overall capitalization rate allows for bott the return on and the return of capital. The subject estimated value is calculated as follows: STABILIZED NOT INCOME = $499250 ADJUSTED OVERALL CAP RATE _ .1034 = $476,308 Less Cost of House Roof = - 4.000 ESTIM TED VALUE (ROUNDED) = $4729308 Estimated Value = $472,500 45 • • The value indication, whenderived from the above assumptions, would require a Debt Covered Ratio (DCR) of 1.3. This DCR falls within the 1.2 to 1.3 range currently required by most lending institutions. This value indication appears reasonable. PLEASE NOTE: My b end of investment model reflects the actual lengthy series of decimals ;er component to derive the overall cap rate. The overall cap rate component shown above is rounded for illustration purposes. 46 The approach through which an appraiser derives a value indication comparing the property to be appraised to similar properties that have been sold recently, applying appropriate units of comparison pnd making adjustments, abased on the elements of comparison, to the sale price of comparable. In applying the Sales Comparison/Market Approach, an appraiser takes the following steps: 3. 4. 5. In 1. Researches the market Land selects the sales and/or listings of properties most comparable to the property being appraised. Generally, the most current and similar comparable sales prove to be the best indicators of the value of the subject. 2. Collects and verifies daa on each selected property's selling and listing prices, dates of sale, physical differences, locational characteristics and any special conditions. Analyzes and compares each property with the subject as to time of sale, location, physical characteristics, conditions of sale and other differences. Adjusts the sales or list' g price of each comparable for differences between it and the subject. Adjustments are based on market extractions and/or judgment. i Reconciles the adjusted prices of the comparable properties into an indication of value for the property; being appraised. an effort to arrive at value indications by the Sales Comparison/Market Approach, numerous sales or studied, as well as current comparable sales have been isonably similar properties in surrounding areas were ngs and properties under contract. Only the most acted for inclusion in this report. Verification of sales information with realtor, grantor, grantee and/or courthouse records was conducted where possible. Special attention was given to terms of sale and special conditions to determine that the transactions ware "arms length." Each comparable property were made for significant differe analysis of building sales, the pr adjusted price of each comparal then reconciled into a single value On the following pages is a brief market value by this approach. vas compared to the subject property, and adjustments ces in the sales that reflect market reaction. In this e per square foot of gross building area is used. The e indicated a value range for the subject, which was indication via the Sales Comparison/Market Approach. ascription of the market sales selected to help estimate 47 BUILDING SALE NO.: 1 GRANTOR: Hotaling, Leon M. & Donna M. i GRANTEE: IFC Pr6perties, LLC LOCATION: 679 Yorktown Road, Fairview Township, York County, Lewisberry, PA TAX MAP NUMBER: 67 27 '000 QG 0121A DATE OF SALE: August; 15, 2002 DEED BOO1VPAGE: 1512/6432 IMPROVEMENTS: Office/storage plus detached pole building i BUILDING SIZE: 8,029 square feet UTILITIES: Private; well and private septic LAND: 1.2491acres or 54,412 square feet ZONING: Commercial Highway CONSIDERATION: $340,000 UNIT PRICE: $42.35; per square foot VERIFICATION: Commercial Industrial Realty (CIR); and Courthouse Records COMMENTS: Located just off 1-83 ramp. Limited visibility from 1-83. Constr cted in 1961 as office, with attached 838 square foot machi ery/warehouse in rear. Detached 4,500 square foot metal pole building constructed afterward. Office is Class B constr ction and contains 1,722 square feet. Paved parking in front; f nced storage yard in rear. Main building is concrete block With brick elevation, and has three rear 8' x 8' doors. Main building is heated and has central air conditioning in office area. 48 0 • BUILDING SALE NO.: 2 GRANTOR: Smith, John H. & Faye Z. GRANTEE: Premigr Holdings, LLC LOCATION: 39 South York Road, Monaghan Township, York County, Dillsburg, PA TAX MAP NUMBER: 67 38 ! 000 PD 0101 BO DATE OF SALE: February 27, 2002 DEED BOOK/PAGE: 148118982 IMPROVEMENTS: One story office/warehouse BUILDING SIZE: 7,572 $quare feet UTILITIES: Private I well and private septic LAND: 2.193 acres or 95,527 square feet ZONING: Commbrcial/Industrial CONSIDERATION: $315,000 UNIT PRICE: $41.66, per square foot VERIFICATION: Commercial Industrial Realty (CIR); and Courthouse Records COMMENTS: Metal ice/warehouse building constructed in 1989. Building has stone front; asphalt shingle roof; insulation; one 8' x 10' overhead door; and lower ceiling height. Front office has 3,924 square feet. Rear unheated warehouse has 3,648 square feet. Per agent, building is in good condition. Paved parkin for 20+ cars. Lot is rectangular in shape and has 338.77; feet of road frontage. 49 • • BUILDING SALE NO.: 3 GRANTOR: Paxton Corporation Incorporated GRANTEE: 'Stoltzfus, Barbie M. LOCATION: 3850 Paxton Street, Swatara Township, Dauphin County, Harrisburg, PA TAX MAP NUMBER: 63-001-019 DATE OF SALE: DEED BOOK/PAGE: IMPROVEMENTS: BUILDING SIZE: UTILITIES: LAND: ZONING: CONSIDERATION: UNIT PRICE: VERIFICATION: February 9, 2000 3608/322 Office and warehouse/shop 9,896 square feet All public available 1.81 acres or 78,843.6 square feet M-L, Manufacturing District-Limited $375,000 $37.89 per square foot Courthouse Records COMMENTS: One story masonry and brick office and warehouse/shop. Highly visible from Interstate 322/422. This section of Paxton Street is one-way and, generally, access is circuitous. Large rectangular parcel fronting Paxton Street and Boyd Avenue. Built in two stages: constructed originally in 1950, and remodeled in 1968 including addition of a front office. Warehouse/shop accessible via three ground-level doors: one 10'x 10' overhead -door with access ramp; one tailgate door; and one 10'x 12' overhead manual door. Ceiling clearance is 10 feet. The land-to-building ratio is 7.97:1. 51 • BUILDING SALE NO.: 4 C? GRANTOR: Bell, Joseph J., Sr. and Jeanne S. GRANTEE: 'Wessels, William H. and Virginia M. LOCATION: 725 Route 15, Carroll Township, York County, Pennsylvania TAX MAP NUMBER: 20-000-OC-0130 and 0130A DATE OF SALE: DEED BOOK/PAGE: September 20, 2001 1456/5687 IMPROVEMENTS: 3 unit concrete block office/industrial building with exposed lower level; 2 detached industrial buildings; detached ranch house BUILDING SIZE: Ranch house = 1,500 sq.ft.; warehouse = 10,880 sq.ft.; warehouse = 4,000 sq.ft. UTILITIES: Private water and septic LAND: 1.37 acre or 59,677 square feet ZONING: C-H, Commercial Highway CONSIDERATION: $300,000 UNIT PRICE: $20.16 per square foot (commercial buildings only) $18.32 per square foot (commercial plus house) VERIFICATION: Grantee; and Courthouse Records COMMENTS: Detached concrete block warehouse and detached residential dwelling. Concrete block industrial building renovated after sale for 4-tenant use, with 3 offices on the main level and 1 tenant in the exposed basement. Building has 10,880 square feet and central air conditioning, and is served by private water and septic. Grantee stated that he remodeled building after sale, with estimated renovation costs of $50,000±. Detached brick 1952 ranch house has full basement, 1,500 square feet, hot water heat, central air conditioning, deck, porch, 6 rooms, 4 bedrooms, and 2 full bathrooms. To rear of house is a concrete block detached light warehouse. 52 • • BUILDING ALES ADJUSTMENT GRID 429 Old York Road Address: Municipality: Sale Price 6179 Yorktdwn Rd. Fairvi' TWp L berry $346 000 2 39 S York Rd. Monaghan Twp Dillsbu $315 000 3 3850 Paxton St. Swatawp. ?? 4 725 Rt. 15 Carroll Twp Dilisbu Buikiina Size (Sq. Ft , 8029 , 7572 $375,000 5300,000 Lot Size Ft 54412 95527 9896 14880 rice Per Sq. F t Bldg. $42.35 $41 80 78,844 $37 89 40075 i . . $20.16 Date of Sale Aug-02 Feb-02 Time uetment ?6 2% Feb-00 Sep-01 Time Ad lusted Value $43 19 $42 43 6% 4% Conditions of Sale . Cony Mtg . Conv Mt $40.17 $20.97 Financin Ad ustment . . 096 . g. 0% Conv. Mtg. Co Mtg. Adjusted Price / S q. Ft $4.19 $42 43 0% 0 099, i . $40.17 $20.97 Location Similar Inferi Ad ustment % 0% or 15% Similar Superior 0% ? Size Buiklin : S Ft Smaller S ll 11,806 8029 ma er 7572 Similar Larger Adjustment % -596 5% 9896 14880 - 0% 5% Functional Utility Similar Simil Adjustment (%) 0% ar 0% Similar Similar 0% 0% Poe & Qualti /Condrdon Simjilar I f i Adjustment % 0-6 n er or 5% Similar Inferior 0% 25% Land_ to-Bldg. Ratio nor sup-6 S i 2.64 1 6 76 uper or 12 62 Superior Similar Adjustment . -15% . 36% 7.97 2.69 - -21% 096 House, 2_ car aarg a ool etc. Interior I f i Adjustment % 18% n er or 19% Inferior Interior 16% 10% Total Ad ustments -2% -2% -5% 35% Value Indication $! $42.33 $41 56 . =38.18 $28.31 Value Indication 5 $499 743 $490 941 , , $450,509 $334,186 Sales We hti 1 1 3 4 I hied Average Value $473, 1 $40.18 Staflstical Measures Per Square Foot Range: Midpoint V i 28.1 542.33 $35.32 $334.186 $499,743 5416 964 ar ance: +/- M di , 19.85% 19.85% e an: Mean Average: $39.87 S37 SA $470,725 O..^ - 54 • • BUILDING COMPARABLE COiIIIMENTS: The weakness of this valuation technique is the lack of industrial sales with detached residential dwellings. Only one recent sale was found and was utilized in this approach. The sales selected were considered the best available. In general, an upward adjustment is made to the comparable if the comparable is inferior to the subject property for a. given element of comparison; and, a downward adjustment is made if the comparable is superior to the subject. For a given element of comparison. Key value elements that may require adjustments are time, conditions of sale, property rights, financing terms, location, and p ysical characteristics including building size, age & condition, building-to-value ratio, etc. A size adjustment was mode for smaller properties, if warranted. The market indicates that more is paid per square foot for smaller buildings due to economics of scale. An upward adjustment wa's made for the lack of a residential dwelling, two car garage, pool, etc. The estimated value of these improvements was based on the capitalization of the net potential income. Sale #1 was the purchase of office/shop/warehouse containing 8,029 square feet and located just off of the exit on 1-83 south. Purchased in August, 2002, for office/warehouse use, for a total consideration of $340,000 or $42.35 per square foot value. This sale was included in this survey to reflect similar industrial buildings in Fairview Township. An adjustment is warranted for date of sale, given today's superior market conditions. Adjustments re also warranted for smaller size, superior land-to- building ratio, and lack of residential dwelling, etc. Following adjustments, a value indication of $42.33 per square foot or $500,000 (rounded) is implied for the subject. Sale #2 was the purchaso of an office/warehouse containing 7,572 square feet and located in a rural area i? York County. Purchased in February, 2002, for office/storage use, for a total consideration of $315,000 or $41.60 per square foot value. This sale was included in this survey to reflect York County industrial values. An adjustment is warranted for date of sale, given today's superior market conditions. Adjustments are also warranted fpr inferior location, smaller size, inferior quality lacking central air conditioning, supe 'or land-to-building ratio, and lack of residential improvements. Following adjust ents, a value indication of $41.58 per square foot or $491,000 (rounded) is implied for . he subject. Sale #3 was the purchase of office/shop/warehouse containing 9,896 square feet and located in a similar area. Purchased in February, 2000, for light industrial use, for a total consideration of $375,000 or $37.89 per square foot value. This sale was included in this survey to reflect similar size building. An adjustment is warranted for date of sale, given today's superior market conditions. Adjustments are also warranted for superior land-to-building ratio and lack of residential improvements. Following adjustments, a value indication of $38.16 per Square foot or $451,000 (rounded) is implied for the subject. 55 BUILDING COMPARABLE COMMENTS Cont': Sale #4 was the purchas of an office/warehouse building(s) plus a ranch home located on Route 15 South. Pur?hased in September, 2001, as an investment property for a total consideration of $300,000 or $20.16 per square foot industrial building value. This sale was included in this s' rvey to reflect minimum base value. Property was in inferior condition. An adjustmen?is warranted for date of sale, given today's superior market conditions. Adjustments dare also warranted for superior location with higher visibility. Adjustment was tempered due to having limited ingress/egress due to one way road. Adjustment also made fhr inferior condition of all improvements. Following adjustments, a value indication of $28.31 per square foot or $334,000 (rounded) is implied for the subject. Following all adjustments, value range from $28.31 to $42.33 per square foot or from $334,000 to $500,00 is im lied. The survey Mean is $37.59 per square foot. In addition, each market sale was eighted according to its degree of comparability. From this analysis, a weighted average'value of $40.15 per square foot or $474,000 (rounded) is implied. As stated earlier the wea ness of this approach to value is the lack of similar sales. Although Sale #4 had si ilar uses, the improvements were in inferior condition. After taking all into consideration, jyour appraiser estimates the fee simple market value to be $40.00 per square foot or $1472,240 when applied to the subject building size of 11,806 square feet. This has been rounded to $472,000. $40.00/sgft. x 11,806 sq.ft. = $472,240 (ROUNDED) _ $472,500 Leas cost of new roof = - 4.000 Adjusted Estimated Value = $468,500 56 • • RECONCILIATION AND Q The indications of value as developed by the three approaches to value are as follows: Cost Approach: N/A Income Approach: $472,500 Sales/Market Approach: $468,500 The Cost Approach generally will result in an excellent estimate of value if the building is new or reasonably new,- and the improvements reflect the highest and best use of the land. However, when items of physical deterioration and obsolescence must be estimated, an area. of judgment is involved which is subject to error. Generally, purchasers of industrial properties are more concerned with the income the property will produce than with its reproduction cost. Most purchasers of properties similar to the subject take into consideration the ax advantage accorded owner occupied properties through depreciation, as well as seeking a I ng term investment or retirement fund. An investor may also anticipate a profit to be realized through appreciation at the conversion. By the Income Approach, c through the eyes of a typical invi reasonable indication of value from to provide a reasonable return and Market study indicates that purcha equity with an expectation of future value is $472,500. The Sales Comparison/Mar sellers in the market place. This comparables with residential dwellir A major segment of non-conforminc of property the Income Approach i, Approach or the Cost Approach bec to the lack of similar sales, both app r-occupancy is not considered. This approach is viewed .. There has been sufficient market data to provide a Income Approach. The ability of the property to continue competitive position of this investment were considered. of this type of property are expecting a 10% return of ket appreciation. The value indicated by this approach to et Approach reflects the reactions of typical buyers and approach was given limited weight due to the lack of is. Sales of four properties were documented and analyzed. use real estate of this type is owner-occupied. For this type usually less significant than the Sales Comparison/Market fuse owner-occupants are not interested in leasing. But, due )aches were considered. Taking all of the foregoing factors into consideration, and based on a reasonable marketing time as defined and contingent upon Assumptions and Limiting Conditions, it is my opinion that the property had a retrospective market value as of November 4, 2003, of: Employment in and compen`ation for making this appraisal are in no manner contingent upon the value reported. I certify hat I have no financial interest in the property appraised, present or contemplated, and that the appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. Your appraiser has personally inspected the property. 57 EXPOSURE TIME ESTIMATE The reasonable marketing time is an estimate of the amount of time it might take to sell a property interest in real estate at the estimated market value level during the period immediately after the effective date of an appraisal. Marketing time differs from exposure time, which is always p sumed to precede the effective date of an appraisal. Exposure time is different r various types of real estate and under various market conditions. It is noted that the overall concept of reasonable exposure encompasses not only adequate, sufficient and easonable time, but also adequate, sufficient and reasonable effort. This statement ; ocuses on the time component. Exposure time may be efined as follows: the estimated length of time the property interest being appraise would have been offered on the market prior to the hypothetical consummation of sale at market value on the effective date of the appraisal; a retrospective estima a based upon an analysis of past events assuming a competitive and open market. The fact that exposure tim is always presumed to occur prior to the effective date of appraisal is substantiated by related facts in the appraisal process: supply/demand conditions as of the effective date of the appraisal; the use of current cost information; the analysis of historical sales info ation (sold after exposure and after completion of negotiations between the seller a pd buyer); and the analysis of future income expectancy estimated from the effective date of the appraisal. Historically, commercial roperties are listed with brokers for periods ranging between 6 to 18 months, usual) depending upon the size and usage of the property. Based upon discussions with br 'kers and investors and on market data, I estimate that the exposure time for the subject property would range within the historic 6 to 18 months. 58 • r APPRAISER'S CERTIFICATION 1 certify that, to the best of my knowledge and belief: - The statements of fact . - The reported analyse; reported assumptions and limit unbiased professional analyses, ( - I have no present or p this report, and no personal intere - I have no bias with resl the parties involved with this assn - My engagement in thi reporting predetermined results. - My compensation for development or reporting of a pi cause of the client, the amount o or the occurrence of a subseqt ontained in this report are true and correct. , opinions, and conclusions are limited only by the ig conditions, and are my personal, impartial, and pinions, and conclusions. ospective interest in the property that is the subject of >t with respect to the parties involved. ect to the property that is the subject of this report or to nment. assignment was not contingent upon developing or )mpleting this assignment is not contingent upon the determined value or direction in value that favors the the value opinion, the attainment of a stipulated result, :nt 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 vulith the Uniform Standards of Professional Appraisal Practice. - No one provided significant professional assistance to the person signing this report, unless otherwise noted. - The use of this report i, subject to the requirements of the Appraisal Institute relating to review by its duly aut `orized representatives. I certify that, to the best of my knowledge and belief, the reported analyses, opinions and conclusions were developed and this report has been prepa d in conformity with the requirement of the Code of Professional Ethics and the Stan ards of Professional Appraisal Practice of the Appraisal I nstitute. I have made a personal inspection of the property that is the subject of this report. Karen (Darney PA Ce' ified General Appr ' er Certifi ation No.: GA-001260-L 59 • • UNAPkRENT CONDITIONS It is assumed there are no bidden or unapparent conditions of the property, subsoil or structures, including possible existence of dry rot, fungus, termites or other vermin, which might render it more or lesis valuable than an otherwise comparable property. No responsibility is assumed for such, conditions nor for any engineering required to discover such things. Additional inspection by a qualified professional is recommended. Physical items described ajre to be used as a general guide for property valuation and not as a complete and detailed physical report. Conditions behind walls, above ceilings, behind locked doors, or Onder the ground which are not exposed to casual view, were not inspected. No warranty is given or implied on structural or mechanical items of the property. I suggest that an expert be hired for a detailed investigation, if desired. A structural pest control report has not been obtained for this valuation. If such report would uncover necessary; corrective work, which is normally performed at the expense of the current owner, this cost would be deducted from the estimated value. Subsurface rights such as minerals, oil and gas deposits were not considered in this report. Your appraiser has not beon provided with a soil analysis offering evidence of the structural ability of the subsurface for support of improvements. Upon personal inspection, your appraiser did not notice physical indications that supporting strata would be unsuitable for improvements. it, While the land surface has been inspected, as far as possible, by observation, it was not possible to personally observe conditions beneath the soil. Therefore, no representatives are made as to these matters. The value estimate is subject to any soil conditions that would cause a loss in value. Your appraiser is not a bui?ding or environmental inspector. An appraiser provides an opinion of value. The appraisal does not guarantee that the property is free of defects or environmental problems. Your; appraisdr observed visible and accessible areas only. Mold may be present in areas other than the visible and accessible areas. A professional building inspector or environmental inspection is recommended. 60 ?SSUMPTI( I assume no responsibility for matters legal in character nor do I render any opinion as to the title, which is assumed to be good; existing liens and encumbrances have been disregarded; and the property is appraised as though free and clear under responsible ownership and compe nt management. I believe to be reliable the information identified in this report as being furnished to us by others, but I assurne no responsibility for its accuracy. I assume that the utilization of the land and improvements is within the boundaries of the property lines of the property described and that there is no encroachment or trespass unless noted within the eport. No survey of the property has been made by your appraiser and no responsibility is assumed in connection with such matters. Any maps, plats, or drawings reprodu d and included in this report are intended only for the purpose of showing spatial relatior>ships. Possession of this report, r a copy thereof, does not carry with it the right of publication, nor may it be used fr any purpose by any but the applicant and, in any event, only with proper qualifications. I have no present or contemplated interest in the property appraised. i The distribution of the kotal valuation of this report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other appraisal and are invalid if so used. I am not required to givel testimony or to appear in court by reasons of this appraisal, with reference to the property in question, unless arrangements have been made previously. Mathematical models are based on estimates and assumptions that are inherently subject to uncertainty and variation; I do not represent them as results that will actually be achieved. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the info mation available at the time of the preparation of this report. Any use of this appraise I by any other person or entity, or any reliance or decisions based on this appraisa are the sole responsibility and at the sole risk of the third party. I accept no responsibility for damages suffered by any third party as a result of reliance on or decisions made or actions taken based on this report. 61 r? LJ • This report has been m?de in conformity with the Uniform Standards of Professional Appraisal Practice and the Appraisal Institute. The Americans with Disabi Your appraiser has not made a sK to determine whether or not it is i the ADA. It is possible that a corn analysis. of the requirements of compliance with one or more of negative effect upon the value evidence relating to this issue, pc was not considered in estimating expert in this area and recommenc ities Act (ADA) became effective January 26, 1992. ecific compliance survey and analysis of this property i conformity with the various detailed requirements of >liance survey of the property together with a detailed the ADA could reveal that the property is not in equirements of the act. If so, this fact could have a f the property. Since your appraiser has no direct ,sible noncompliance with other requirements of ADA the value of the property. Your appraiser is not an s that you contact a professional. The value opinion and othe conclusions expressed in this report are subject to the extraordinary assumptions that th tragic events of September 11, 2001, have had no effect on the marketability or m rket value of the subject property. The client and intended users of this appraisal are cautioned that, if this extraordinary assumption is incorrect, the value opinion and bother conclusions expressed in this report could be significantly different. 62 L. G. 2159 Market Street C O N N O R Camp Hill, PA 17011-4707 AL ESTATE APPRAISERS, LTD. 717 737-0574 • FAX 737-3906 QUALIFICATIONS KAREN DARNEY PROFESSIONAL EXPERIENCE: August, 1994 to Present: L. G. Real state Appraisers, Ltd. Broker/Owner and fee appraiser of large and small commercial and indus rial properties, farms, condemnations, tax appeals, vacant ground, multi-family units and single family homes including new construction, condominiums and employer relocation. April, 1994 to August, 1994: Lester G. Connor, MAI. Fee appraiser - large and small commercial and industrial properties, farms, condemnations, tax appeals, multi-family and single family residential properties including new construction, condominiums and employer relocation. February, 1992 to April, 1994: K. JessO Reitenbach Associates, LTD. Fee appraiser - commercial and single family residential properties including new construction, condominiums and employer relocation. October, 1990 to January, 1992: Associate Broker doing residential sales for Jack Gaughen Realtor and Coldwell Banker MGM Realty, Inc. Managed and sold new construction in nine developments; and, sold resale properties. September, 1985 to September, 1990{ Associate Broker with Coldwell Banker MGM Realty, Inc., Office manager for offices located in Hershey and Middletown, PA. December, 1979 to August, 1985: Sales Associate for Owen-Gross, Inc., Partners. Real Estate Instructor for the Institute of Real Estate Studies teaching in Harrisburg and York. EDUCATION: 1969 West Virginia University Morgantown, West Virginia Bachelor of Science in Nursing Post Graduate Academic Education: 1974 University of North Carolina Chapel Hill, North Carolina 1972-73 Temple University Harrisburg, Pennsylvania Pennsvlvunia State Certified General Appraisers 63 L. G. 21 S9 Market Street C O N N O R Camp Hill, PA 17011-4707 :AL ESTATE APPRAISERS, LTD. 717 737-0574 - FAX 737-3906 EDUCATION Cont'd: APPRAISAL COURSES: Real Estate Analysis, RA2 Appraisal Standards and Ethics, RA5 Acceptable Residential and Commercial Appraisals Cost and Income Approaches, RA4 Appraisal Principals, 1110 Appraisal Procedures, 1120 Narrative Appraisal Report Residential Case Study, 1210 Appraisal Reporting of Complex Residential Properties - Appraisal Institute. Income Approach to Appraisal Basic Income Capitalization, 1310 Advanced Income Capitalization, 11510 Appraising for FHA Insured Loans Standards of Professional Practice, Part A -1410 Standards of Professional Practice, Part B -1420 Report Writing and Valuation Analysis, 11540 Fundamentals of Relocation Appraising - Appraisal Institute Marshall & Swift Commercial Cost Approach Highest and Best Use and Market Analysis, 11520 Easement Valuation - Appraisa) Institute The Appraiser's Legal Liabilities - Appraisal Institute Appraisal of Nursing Facilities ti Appraisal Institute Advanced Sales Comparison and Cost Approach, 11530 Valuation of Leased Fee Interests - Appraisal Institute Valuation of Leasehold Interests - Appraisal Institute Partial Interest Valuation - Divided - Appraisal Institute FHA Appraisal Inspection from;the Ground Up - Appraisal Institute REAL ESTATE COURSES: Real Estate Law Investment Fundamentals and Practice Fair Housing & Law PROFESSIONAL DESIGNATIONS AND LICENSES: 1994 Pennsylvania Broker License #,RB-044264-L 1994 Appraisal Institute Affiliate, Candidate for MAI, #M940777 1994 Pennsylvania State Certified General Appraiser, GA-001260-L 1992 Certified Commercial Real Estate Appraiser (CCRA), National Association of Real Estate Appraisers. #46120 Pennsylvania State Certified General Appraisers 64 L. G. iim? 21 S9 Market Street C O N N O R Camp Hill, PA 17011-4707 AL ESTATE APPRAISERS, LT[). 717 737-0574 - FAX 737-3906 PROFESSIONAL DESIGNATIONS AND LICENSES Cont'd: 1992 Certified Dispute Settler in Dispute Resolution System Mediation, National Academy of Conciliators. 1988 Certified Residential Specialist'(CRS), Residential Sales Council of the Realtors National Marketing Institute. #7636 1988 Certified Code of Ethics Instructor, Pennsylvania Association of Realtors. 1985 Pennsylvania Real Estate Instructor, License #RI-00648-A 1984 Pennsylvania Real Estate Assqciate Broker #AB-044264-A 1982 Graduate Pennsylvania Realtors Institute (GRI), a National Association of Realtors Designation. 1979 Pennsylvania Salesperson License #RS-122124-A PROFESSIONAL ORGANIZATIONS: Appraisal Institute, Affiliate Me'ber Central Pennsylvania Chapter, Appraisal Institute State Accredited Affiliate Reprejsentative, Board of Directors Pennsylvania Association of Realtors Board of Directors, 1996, Committee(s) Member Greater Harrisburg Association of Realtors; Past President - Board of Directors - 1987 to 1997; held all officer position various committees Foundation Board of Directors COURTS OF TESTIMONY - EXPERT WITNESS: Cumberland County Lebanon County Dauphin County Adams County FEE APPRAISER AND CONSULTANT TO: 1995,1994,1993,1992; 1996; President - 1995, instructor, chairman of Various banks, mortgage companies,- credit unions, employee relocation companies, broker trade programs. Approved appraiser for Pennsylvania Department of Transportation and as a HUD (FHA) appraiser. The majority of 'appraisals 4ompleted are in Cumberland, Dauphin, Perry, northern York, and Lebanon Counties. Pennsylvania State Certified General Appraisers 65 • • :? t?.IDGE S'FRfET 0 0 0 Location Map 0 BwmICIfent Ca kol Tool & Manufactudn Co. PmwW Address 429 Old York Road New Cumberland State PA Zip Code 17070 Lender Jay Braderman Esquire • TAX MAP 46 u. 42. :o log j \ 41 ?Irls• .. / 42A .? arr 43 aa< (+t) ?% _.._. _. \' 39A ?_ - 36 `77 a to K •? D•eq 32 14 • lr F r ?s sn? K 37 ?« \ ? ? la. re f A o'r 1 IC i e \ a alc ?„? ra narK 13 1 4a I `?/ 27 2A ?s . ,s 1. rc 27B nrK la.c, v w ?K pares ?«ss 2 ? ?? ,? os ' f 270gK - ?? 27A 121A .3 .0 22 ? ea. rc I-C t6F n6` ? ? ? Vra a ? 26 sr l/ to ?„sr c/ ?'i> + I 131 is ? I??26\ ?' 'i26MS ? 6 r ?? nd st 26 ` ? 7\ • `` ".?. ,.? •! K 'oy NI 611 A la 7A A 17 1411 VIU l.. H 1?9 or+r> raa•w ta. WMW Ia. w a. roeKM loo rla • a • lea 1 TAY ACRCfi4&AorNT uap ruener r•r LJ LJ _,/i, THIS DEED Made the day of ak-44JI, in the Seven(1997) year Nineteen Hundred and Ninety- , BETWEEN RALPH W. MATHIAS and FREDA F. MATHIAS, his wife, of Fairview Township, York County, Pennsylvania, GRANTORS and SANJEF REALTY, a Pennsylvania Limited Partnership, GRANTEE WITNESSETH, That in consideration of the sum of One ($1.00) Dollar, in hand paid, the receipt whereof is hereby acknowledged, the said Grantors do hereby grant and convey to the said Grantee, its successors, heirs and assigns, ALL THAT CERTAIN tract or lot of land situate in Fairview Township, York County, Pennsylvania, more particularly bounded and described as follows, to-wit: BEGINNING at a point in the legal right-of-way line of L.R. 66215, also known as Old York Road, and at the corner of other lands now or formerly of the Grantors herein, thence South sixty-two degrees fourteen minutes forty-five seconds West (S. 62° 14' 45" W.) a distance of two hundred six and seventy-six hundredths (206.76) feet to a point at the comer of lands now or formerly of William Harvey; thence along lands now or formerly of E. Wayne Beshore, North thirty-one degrees forty minutes thirty-four seconds West (N. 31 ° 40' 34" W.) a distance of one hundred seventy-one and twenty- eight hundredths (171.28') feet to a:point; thence along same North thirty-eight degrees forty-four minutes thirty-four seconds West (N. 38° 44' 34" W.) a distance of one hundred nineteen (119.00') feet to a point; thence along same North fifty-eight degrees thirty-nine minutes zero seconds East (58° 39'00" E.) a distance of one hundred eighty-three and forty-four hundredths (183.44') feet to a point in the legal right-of-way line of Old York Road; thence continuing in the legal right-of-way line of Old York Road, South thirty-eight degrees forty-five minutes fifty-four seconds East (S. 38° 45' 54" E.) a distance of one hundred nineteen (119.00') feet to a point; thence along same South thirty-eight degrees forty-three minutes twenty-six seconds East (S. 38° 43'26" E.) a distance of one hundred eighty-five and eighty-one hundredths (185.81') feet to a point, the place of BEGINNING. BEING the same premises described in a Land Development Plan prepared by AE Solutions, P.C. dated November 1997. • • BEING the same premises conveyed to Ralph W. Mathias and Freda F. Mathias, his wife, Grantors herein, by the following three Deeds: (1) from Elmer E. Beshore and Florence F. Beshore, his wife, by their Deed dated August 30, 1949, and recorded in the York County Recorder of Deeds Office in Deed Book 34X, Page 467; (2) from Florence F. Beshore, unremarried widow, by her Deed dated January 9, 1978, and recorded in the York County Recorder of Deeds Office in Record Book 75N, Page 265; and (3) from Florence F. Beshore, unremarried widow, by her Deed dated July 7, 1983, and recorded in the York County Recorder of Deeds Office in Record Book 85Z, Page 417. TOGETHER with all and singular the buildings, improvements, ways, woods, waters, watercourses, rights, liberties, privileges, hereditaments and appurtenances to the same belonging or in anywise appertaining; and the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and of every part and parcel thereof; And also of the estate, right, title, interest, use, possession, property, claim and demand whatsoever of the Grantors both in law and in equity, of, in and to the premises herein described and every part and parcel thereof with the appurtenances. To have and to hold all and singular the premises herein described together with the hereditaments and appurtenances unto the Grantees and to Grantees' proper use and benefit forever. And the Grantors covenant that, except as may be herein set forth, they do and will specially warrant and defend the lands and premises, hereditaments and appurtenances hereby conveyed, against the Grantors and all other persons lawfully claiming the same or to claim the same. IN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals the day and year first above written. Signed, Sealed and Delivered ,In?jthe Presenc"f RALP A W. MATH M FREDA F. MATHIAS -31/19/2005 ?_3:9.4 J MATTHEWS I NC 4 17177373906 .' F... _..NO. 220 007 .... _ «.... DuuK ,1310 5548 MKhq a (sul SHIP-r%MRA!" „!f Burr AAA OEM MMaNOWSM" ttr1111w10sk M 12,111 MIS, each such" ? VA is dWillw a rrlt! =P in. ar by , w o fw broad ant (1) fttttepy or ?, AMTY TRANSFER TAX fIAMMINT Of VAUX whet 1 }? tIN ?M aHMea b am Be 64 to N» daa, M wh" &a dead .d. A >if?Nraane st vole M ner IF 11111111 01 AN IS Wh* aaa?np Faro tGA Mara 40" Y 1waMd. aaadh.d?Melt, A". 2. Ch Ck Apprapriah Sou Slow far lRaa/Afraa Clei"d C WN r intestate sucwslen C Tranehr to iwdtltvW C*volvww Agwy. - Q Iran" to aoont ar ura+ pauly. (Attstrlh eapy of adaaey1wow parry agna ROW. d Transfr bot-wit" principal and agent. (Anacit copy of opncyhtrahr trust o9raeoent). Tom pad prior dad S Q Trartsfars to the 61nmoaweohh, *6 tJnked 5rator, and lsitron?entar,60 by IM, dedkatien, tondonhno?ioo W ;ft Aw of wndemetion. IAnach copy of ruokuian). O Tromibr from mar"or to a Wdor of a manSgpa Its dahwit. It"O" 11694 NW4W page Nyntwf 0 Cou&Mve dead (Attach ary of dw prior deed(. ? Ugh* WV Corperete Cttndelhdotien, merger or dirWoon. (""Ych cepy of offices). Ci Other 106m ozooin amentption claimed, if edher than listed crow.) ltdor *ewalll" of low,1 dock" OW 1 have exarw mwd StemnseM, inelwdbq eseeraparyws inkmetlee, and to dw bear of my U. -A dst. and belief, if h trwo, served Arwf eoatptalo. wew.e (SR! itlYlRli} Marvin 114whore, Erauire A- Cade ( 717 1 216-076L Zoning Map n U • PART 4 RURAL DISTRICT (RR) 1400. Pumose. The purpose of this district is to promote residential de rural activities, protects existing natural land features and is compatible with thwhich e general c with the area. g ctihara aracter of §401 . Perm 1. itted -Uses. Single family detached dwellings. 2. Crop and tree fanning, pasturing, truck gardening, horticulture aviaries, hatcheries, apiaries", raising of fruits and v e modes, te egetables and Similar nL rprises. 3. Storage, packing and marketing of fruits and vegetables produced on the premises. 4. Raising and keeping of poultry, rabbits, goats, horses, cattle, hogs and similar animals. 5. Dairy farming. 6. Churches and schools. l 7. Non-intensive home occupations. 8. Non-profit parks and playgrounds. 9. Corporate campus and retreat facility owned by and operated by an entity organized for religious, edui rational, an social purposes. 10. Customary accessory uses and buildings incidental to any of the permitted use 1402. Soeci s. a! xceo ono 1. Cemeteries. 2. Municipal or private water supply facilities, electric and gas supply facilities, including transmission lines. 3. Country club and golf courses. 4. Home occupations (intensive). 5. Retirement community. 6. Day care centers. 7. Social clubs, fraternal, social service, union and civic organizations. 4-1 0 r 8. Kennels. 9. Telecommunication; signal facilities. 10. Group day care home. 11. Bed and breakfast home. 1. Cluster development. 2. Surface mining. 1. Lot size. A. No public sower or public water. A minimum hundred si of forty three thousand five xty (43,560) square feet. B. Public sewer and public water. A minimum of twenty thousand (20,000) square feet.' C. Public Ovate but no public sewer. A minimum of thirty thousand (30,000) square feet.1 If site investigation for on-lot disposal of sewage results in the requirement of a pressure dosed absorption area; or physical characteristics limit absorption to the minimum area required by DEP regulations, then a minimum lot; size of forty three thousand five hundred sixty (43,560) square feet is required. 0. Public sewei but no public water. A minimum of thirty thousand (30,000) square feet. 2. Lot Width. A minimum of one hundred (100) feet except turnaround portion of cul-de-sacs shall be a minimum of f vehicular ?l (60) feet. 3. Lot Coverage. A mapdmum of thirty (30%) percent. 4. Front Yard. A minimum of forty (40') feet. 5. Side Yards. A minimum of twenty (201 feet. 6. Rear Yards. A minimum of thirty-five (35') feet. 7. Building Height. A maximum of thirty-five (35') feet except that said maximum may be increased by on# (1') foot for each one (11 foot increase in all minimum yard requirements. 4-2 I 1 • Keeping or raising of livestock , poultry and fowl on less than ten (10) acres shall be limited to the keeping and ra sing of two (2) head of livestock or one hundred (100) Poultry or fowl per eighty tho sand (80,000) square feet. No may be kept on parcels of la having less than eighty ?+?d 1804M) fowl or eetoc in area. square feet t 2. Farm buildings, other than d4ollings, shall not be constructed closer than ei h (85) feet to a front property ii a or closer than g tY flue 1 (50) foot to a side or rear property line, and no barn or manure storage shall be estab hed closer than one hundred feet to any property line. (100) 100) 3. Ail new construction, including structures for temporary storage of seeds, shall conform to yard requirements. 4. A livestock slaughterhouse or animal by-products business shall not be conducted in this district as a principal business. 5. The display and sale of farm p?oducts shall be permitted, provided that: A. At least fifty percent (60%) of such products shall have been produced on the property on which the are offered for sale. B. A minimum of three (3)I parking spaces shall be provided behind street right-of- way lines. I C. Sale of farm products all be conducted from a portable stand, dismounted at the end of the growing eason, or from a permanent building located according to the existing subdivis on regulations. 6. When raising or keeping hogs, re shall be no feeding of any market or house re other than that produced on premises. fuse 7. All livestock shall be restricted rom grazing or intruding on an adjoining Property any fences erected for the same shall be at least five (5) feet from the ro and public/private road. P per line or 1 • The use may include administral ve offices, training and educational facilities, meeting facilities, food preparation fa lilies, day care facilities, recreational facilities, and housing. All of the above uses all be limited to use by personnel on the premises or participants taking part in activ ties on the premises. The facilities may not be used independent of the overall usqaurant the premises, for example, the housing may not be commercially rented, nor is a serving the general public permitted as a part of this use. 14-3 n U r1 U TABLE 340 PERMITTED, SPECIAL EXCEPTION AND CONDITIONAL USES DISTRICT RR, " RESIDENTIAL RURAL Permitted Uses Single family detached Crop and tree farming Storage and packing Raising of livestock Dairy farming Churches and schools Parks and playgrounds Non-intensive home occupations Corporate campus Accessory uses Special Exception Uses Conditional Uses Cemeteries Utilities Golf course Intensive home occupations Day care centers Social clubs Kennels Telecommunication signal facilities Retirement community Group day care home Bed and breakfast home Cluster development Surface mining RESi0ENT1g1..':: , , .RESi lT1AL ' SINGLE p : ;'MULTIfANjLLY % Single family detached Single family d Churches and schools Single family eem Parks and playgrounds detached Non-intensive home Two f" duplex occupations Single family attached Accessory uses Zero lot Gne Multi-family Churches Public schools Non-intensive home occupations Parks and Playgrounds Accessory uses futilities ' Utilities intensive home Social clubs occupations Day care centers Telecommunication signal facilities Retirement community Group care facility development ' Mobile home parks RESIOEN71gL .: Single family detached Single family semi. detached Two family duplex Single familY attached Multi-family Churches Public schools Municipal recreation Non-intensive home occupations Accessory uses Utilities Social clubs Day care centers Telecommunication signal facilities N/A 3-2 • • 190 Prudential (b Mnancial Quarterly Statement Pnaw Life Intunnce Company. a prudential company Pndemial Annuity Service Center PO Box 7960 Philadelphia. PA 19101 Account Statement to March 31, 2004 ROBERT F. MARSH Owner: ROBERT F. MARSH 1420 YOCUMTOWN RD Annuitant: ROBERT F. MARSH ETTERS PA 17319 Contract Number: E0141417 Contract Date: 05/04/1999 Type of Contract: Discovery Select Market: IRA If you have any questions, please contact your Pruco Securities Corp.Representative, GERALD W. PLUMLEY at (717) 975-8150 or thePruderaW.AnnuUySerpke Center tollfree at (888) 778-2888. Pruco Securities Corp., a Prudential company, acted as agent in this transaction. Please retain this statement for your records. Although great care has been taken in preparing this statement, we reserve the right to amend the statement as needed. kccount Summary as of 03/31/2004 Investment Option(s) Prudential Jennison Portfolio Number of U111& Unit Value Contract Fund Value Prudential Small Capitalization Stock 8,997.06917 1.632010 7 747 72246 $ 14,683.31 Prudential Stock Index Portfolio , . 1.951610 9 560 71243 15,120.53 Total Contras Fund Value , . . 1,713110 16,378.55 $ 46,182.39 Contract Activity 01/01/2004 - 03/31/2004 _DW OU01/2004 3ption ? Tr i Begrnntng Balance ansact on on >, Total Purchase Payments 45,030.43 Premium Taxes 0.00 Total Withdrawals 0.00 Total Withdrawal Charges 0'? Contract Maintenance Charges 0 Investment Results 0'000 0 Interest Credited 1,151.96 03/31/2004 Ending Balance 0.00 Please refer to your contract or the annul ros ry P pectus for an explanation of the exact features and your annuity contra r t i i 46'182'39 c . p ov s ons available u nder W-1959, W SH Discovery Seim VatiaMe Annuity is issued b Page 1 Y Pnrco Life Insurance Company, (in New Yak, huco Life humanoe Manneu t Services U.C. a registered broker-dealer'. Unit vAlm of the variable investment COMPUY of New Jersey) and offered Wrorrgh PnadeMial Investment hodo," companies. Lnt'oa _O_ reams t,. ioae G emuaaattoo) b avaiabk upoe dtk. the end of the business day on the Made date of the transaction. AD are Prudential (6 Financial's 9 Quarterly Statement PI--life Insurance Company, a nudendal company Pntdendal Annuity Service Center Po Box 7960 Philadelphia. PA 19101 Account Statement to March 31, 2004 Contract Number: E0141417 Information as of 03/31/2004 ...?... awue = a ONIUZ.39, 711e cash value reflects the amount you would have received as of the date above if you had withdrawn your total contract fund. The cash value is equal to the value of the contract fund, plus or minus any applicable Market Value Adjustment of all amounts in MVA option interest cells and minus any applicable withdrawal charges. Death Benefit = $ 57,133.23 The death benefit is paid out upon the death of the sole or last surviving annuitant Please refer to your contract or the annuity prospectus for an explanation of the features and benefits available under your contract, VARIABLE INVESTMENT OPTION ACTIVITY DETAIL rradential Jennison Portfolio Tranuction Date W&T..dve Transaction paw option Transaction OW nit 01/111/2004 1/01/2004 Beginning Balance Amount , ilaits , Value Total end v 0313142004 03/31/2004 Ending Balance 8,997.06917 1.617230 $14,550.33 8,997.06917 1.632010 $14,68331 Prudential small Capitalization Stock o° Date - 'Fx '+ve , Traffiaction Dane Description ra ata1 nit . 01/111%21104 0"01/2004 Beginning Balance Amount Quits _ Va1m Tflta nd . 'Value 0351/2004 03/31/2004 Ending Balance 7,747.72246 1.846090 $14,302.99 7,747.72246 1.951610 $15,12053 Prudential Stock Indez Portfolio Thumacdon l5?'ec!€ve Tr Date ansaction Dite Description Ton Amount Total Unit TotalF?uud 01101/2004 01/01/2004 Beginning Balance Units Value Value 03/3112004 03/31/2004 Ending Balance 9,560.71243 1.692040 $16,177.11 9,560.71243 1.713110 $16,378.55 IIp1AppNpptllbalall Page 2 082339 *0401000823390io* 0 Prudential *Financial ? Quarterly Statement Prtco Life 111mrxnce Company, a Prudential company Prudential Annuity Service Center PO Box 7960 Madalplue PA 19.01 Account Statement to March 31, 2004 Contract Number: E0141417 Information Contract Fund Value Breakdown (%) by Investment Option as of 03131/2004 Prudential Jennison Portfolio 31.79 Prudential Small Capitalization Stock 32.74 Prudential Stock Index Portfolio 35.46 Total 100.00% Pnl Wft Jennison Page 3 Prudential (6 Financial r Quarterly Statement Pruco 1jte Inaurana Company, a Prudendd company Pntderaial Annuity Service Center PO Box 7960 Philadelphia. PA 19101 Account Statement to March 31, 2004 Contract Number: 130141417 Current Payment Allocations (%) Prudential Jennison Portfolio 40.00 Prudential Small Capitalization Stock 20.00 Prudential Stock index portfolio 40.00 Tote! 100.00% PruderdW Jemison Porfto Pmrdential Smap CaplWizaom Stock I??IAa1111pIpBIN?1 ge. 082339 *040200082339010* • ?b • . Mutual Funds Di d by • • Princor Financial 'as Corporation, Member SIPC, a member of the Principal Financial Groups f///A/IC%8/ P.O. Box 10423, Des Moines, Iowa 50306-0423 Group Client Contact Center: (800) 247-4123 www.principal.com/funds 000080 PRINCIPAL LIFE INSURANCE COMPANY CUST SIMPLE IRA OF ROBERT F MARSH 1420 YOCUMTOWN RD ETTERS, PA 17319-9767 ?Af7TrA¦ ¦w w S WLE IRA QUARTERLY CONS LIDATED STATEMENT January 1st, 2004 - March 31st, 2004 1 of 4 REPRESENTATIVE INFORMATION M. E. POWERS, LUTCF 006100040 1309 BRIDGE ST NEW CUMBERLND, PA 17070-1172 (717) 774-9587 .... 1 rvl-w OUMMAKY ROBERT F MARSH SIMPLE IRA ACCOUNT NUMBER 4500010548 TOTAL INVESTMENTS IODATED PQRTFOU10 ALI Beginning Value 1/1/2004 $5,675.47 $0.00 $5,675.47 $0.00 $0.00 $376.89 $6,052.36 $0.00 $376.89 $6,052.36 0 STABLE: MONEY MARKET/SHORT-TERM BOND: 0.0% CONSERVATIVE: HIGH/MEDIUM QUALITY BOND: 0.0% MODERATE: LARGE BLEND,VALUE/MID VALUE/BALANCED: 0.0% AGGRESSIVE: SECTORS/LARGE GROWTH/MID BLEND,GROWTH/SMALLCAPS: 43.4% DYNAMIC: INTERNATIONAL STOCK: 56.6% • ....a,ra ?r?r'w#flllli +11'IUN PrinCalle Around-the-clock fund and account Internet Customer Service your fingertips by account As a shareholder you can access mutual fund 1 247-4123 1-800-421-2298 calling information on the Internet by visiting the Principal -800- information e- Financial Group web site. You will need: Between the hours of 7:00 a.m. - 7:00 p.m. CT • Internet Access Monday - Friday • Our address-wwwprincipal.com/funds WNW • Your Social Security Number • Your Personal Identification Number (PIN) 00000000317112 ooooen SHO roe 4500010548` + Additions/ - Distributions/ + Change in = Market Value Exchanges In Exchanges Out Market Value as of 03131/2004 finencia/ Group YEAR-TO-DATE INCOME AND CAP GAIN SUMMARY Fund Name ROBERT F MARSH SIMPLE IRA INTL SMCAP PRTNR EQUITY GROWTH SMALLCAP Total YEAR-TO-DATE Account Number 4500010548 S LE IRA QUARTERLY COI LIDATED STATEMENT January 1st, 2004 - March 31st, 2004 2 of 4 Tax Ex Div empt + Diva and ST + Long Term Cap Gains Cap Gains p Total Distributions $0.00 $0.00 $0.00 $0 00 $0.00 $0.00 $0.00 . $0 00 $0.00 $0.00 $0 00 . $0.00 $0.00 . $0.00 $0.00 $0.00 UTION SUMMARY Employee $0 00 Employer RolloverlTransfer . $0.00 $0.00 Explanation of Terms Tease refer to the following definitions when reviewing your quarterly statement. final Investment -This amount includes the initial amount invested through anew purchase. For accounts established before 01/01/1996, the ma slue as of 01/01/1996 will be used as the initial investment. rivet dditions/Exchanges In - This amount includes subsequent purchases, shares exchanged from other accounts, a transfer from another account, and lass A shares which converted from Class B shares. This amount does not include reinvested dividends and capital gains distributions. Isfributions/Exchanges Out - This amount includes redemptions, dividends and capital gains paid in cash, exchanges or transfers to another count, Gass B shares which converted to Class A shares, and any' custodial fees or tax withholding deducted from your account. lanes you have paid. range in Market Value -This amount reflects appreciation or depreciation, plus dividends earned (whether reinvested or paid in cash) less an y sales V change in market value. wkst Value - This amount is the sum of the Initial Investment plus all Additions/Exchanges In, less any Distributions/Exchanges Out, plus or minus aMt ??, mutual Funds Dist ' d by Princor Financial, es Corporation, Member SIPC, a member of the rincipal Financial GroU f%/lAW%A/ P.O. Box 10423, Des Moines, Iowa 50306-0423 Group Client Contact Center: (800) 247-4123 www.principal.com/funds PRINCIPAL LIFE INSURANCE COMPANY CUST SIMPLE IRA OF ROBERT F MARSH PORTFOLIO HISTORY CURRENT FUND ALLOCATION Initial investment ROBERT F MARSH SIMPLE IRA INTL SMCAP $8.83 PRTNR EQUITY GROWTH $4.41 SMALLCAP $4.41 Total $17.65 FUND ACTIVITY S LE IRA QUARTERLY COI?LIDATED STATEMENT January 1st, 2004 - March 31st, 2004 3 of 4 + Additions/ - Distributions/ Exchanges In Exchanges Out $2,675.66 $1,338.23 $1,337.63 $5,351.52 ROBERT F MARSH SIMPLE IRA INTL SMCAP -144 4500010548 Date,. scri ion BEGINNING BALANCE NO ACCOUNT ACTIVITY FOR THIS PERIOD ENDING PRICE AND BALANCE Amount Price MARKET VALUE AS OF 3/31/2004 $14.22 $3,426.74 IRTNR EQUITY GROWTH -103 4500010548 Me Descriotion BEGINNING BALANCE Amount Price NO ACCOUNT ACTIVITY FOR THIS PERIOD ENDING PRICE AND BALANCE 1ARKET VALUE AS OF 3/31/2004 $7.30 $1,142.17 9.w•__ .. e.. "?"U4 IZJJ112003 03/31/2004 + Change in Market Value Market Value as of 3131/2004 $0.00 $60 00 $742.25 $3,426.74 . $0 00 -$140.47 $1,142.17 . $141.41 $1,483.45 $60.00 $743.19 $6,052.36 Shares Total Shares Owned 240.980 240.980 Shares Total Shares Owned 156.461 156.461 000000003171 TOTAL VALUE COMPARISON (AMOUNT IN $) financial Group PRINCIPAL LIFE INSURANCE COMPANY CUST SIMPLE IRA OF ROBERT F MARSH FUND ACTIVITY - CONTINUED SMALLCAP - 149 4500010548 Date Descilotion BEGINNING BALANCE Amount NO ACCOUNT ACTIVITY FOR THIS PERIOD ENDING PRICE AND BALANCE MARKET VALUE AS OF 3/31/2004 $1,483.45 S LE IRA QUARTERLY CONSOLIDATED STATEMENT January 1 st, 2004 - March 31 st, 2004 4 of 4 Price Shares Total Shares Owned 161.245 $9.20 161.245 You should contact us immediately regarding any errors or discrepancies on this statement confirming your transaction(s). This statement will be deemed correct if we do not hear from you within g0 days. IF YOU HAVEWT ALREADY, OPEN AN IRA BEFORE YOU FILE YOUR 2003 TAXES AND YOU MIGHT SAVE MONEY. A PRINCIPAL PATH IRA GIVES YOU THE POTENTIAL FOR TAX DEDUCTIONS LIKE OTHER IRA'S PLUS MUCH MORE. TO FIND OUT IF THIS IS THE SMARTEST IRA EVER DEVELOPED, VISIT WWW.PRINCIPAL.COM/PATHIRA. SECURITIES OFFERED THROUGH PRINCOR FINANCIAL SERVICES CORPORATION, 711 HIGH STREET, DES MOINES, IA 50392. 1-888-774-6267 (COMPLIANCE DEPARTMENT). PLEASE CONTACT PRINCOR DIRECTLY FOR ANY SECURITIES MATTER INCLUDING THE FILING OF A COMPLAINT. MM 1981 B-4 • • qc churlesscHnvns 1 INSTITUTIONAL Custodial and brokerage services provided by Charles Schwab & Co., Inc. Member SIPC/NYSE. Schwab One@ Account Account Number: 5938-4300 Account Of 30/07-BC7A1702-009317-SML-173199767000 106437 SANDRA J MARSH 1420 YOCOMTOWN RD to°o ETTERS PA 17319-9767 w V Account Value Summary -7 Starting Account Value $ 34,957.66 Cash, Money Market, and Deposit Accounts $ (2,343.25) Investments $ 28,065.73 Ending Account Value $ 25,722. Change in Value of Investments $ (1,163.21) Statement Period: July 1, 2004 to July 31, 2004 Page 1 of 3 Your Inde endent* Investment Advisor BGM FINANCIAL ASSOCIATES LTD FA MASTER ACCOUNT 3601 N FRONT STREET HARRISBURG PA 17110-0880 s (717)238-1921 i= Mar in Account Information Margin Account Equity $ 25,722.00 Funds Available Margin $ 15,024.00 Rate Summa --- Deposit Accounts: •?? Interest rate as of 07/30 (27 0.50% Margin Loan Rate 4.75% to 7.75% i Description Thic Parina Federally Taxable Year to Harp Money Funds Dividends $ 2.37 $ 33.94 Cash Dividends Total Capital Gains Total Income $ 2.37 Interest Paid on Margin Loan During Current Period2 Interest Paid on Margin Loan Year to Date2 ` Certain margin loan interest maybe deductible; consult your tax advisor 07114 through 0712x: $7.52 based on 7.750% margin interest rate charged on average daily balance of $(2,339.35). 28.53 58.14 $120. 61 $ (7.52) $ (7.52) Please see "Footnotes for Your Account" section for an explanation of the footnote codes and symbols on this statement. Schwab institutional is a division of Charles Schwab & Co. Inc., ("Schwab"), and rovides back office and other services to investment advisors and retirement plaadvison provrs iders. This statement is famished sole)y for your acx cunt atwab. 'Except as noted in this statement's Terms and Conditions investm ent or retirement plan providers whose names appear in this statement are not affiliated with Schwab. Please sse Terms and Condlbons. SC7A1702-009317 106437 02003 Charles Schwab & Co., Inc. All rights reserved. Member: SIPC/New York Stock Exchange. CRS 13571 (0603-0795) STP10496112-01 (06/03) Q* Printed on recycled paper. c c c c C c C N charlessmwA$ 0 0 INSTITUTIONAL Custodial and brokerage services provided by Charles Schwab & Co., Inc. Member SIPC/NYSE. Schwab One@ Account Statement Period: July 1, 2004 to July 31, 2004 Account Number: 5938-4300 Page 2 of 3 Description Symbol Quantity Price Market Value Investments GARTMORE WORLDWIDE (M) Q GLLAX L 244.8410 $ 6.9800 $ 1 708 99 LEADERS CL A , . SCHWAB 1000 FUND (M) Q T ROWE PRICE SCIENCE & (M) Q SNXFX PRSCX L L 258.5580 31.5100 8,147.16 TECHNOLOGY FUND 46.1170 16.9100 779.84 VANGUARD HEALTH CARE FD (M) Q VGHCX L 108.7790 120.6300 13 122 01 INVESTOR SHARES , . WESTPORT SELECT CAP FUND (M) Q WPSRX L 202.5260 21 2700 4 307 73 CLASS R . , . Less: Margin Loan Outstanding $ (2,343.25) Total Account Value $ 25,722.48 Settle Trade Date Date Transaction Descrivtio Quantity Pice Total Cash, Money Market, and Deposit Accounts Activity 07/07 07/07 Advisor Fee MGMTFEE TO ADVISOR $ (66.82) 07/14 07/14 Funds Paid SCHWAB ONE CHECK 0119 (8,000.00) 07/16 07/15 Cash Dividend SCHWAB MONEY MARKET FUND 2 .37 07/29 07/29 Margin Interest INTEREST 06/29THRU 07/28 (7.52) Funds Detail Settle Opening Shares of SCHWAB MONEY MARKET FUND 5,728.7200 07/08 Redeemed 66.8200 $ 1 07/15 Redeemed 5,661.9000 1 Closing Shares of SCHWAB MONEY MARKET FUND 0.0000 $ 66.82 5,661.90 Trans Date Transaction Des lion IAI De sit Opening Balance (X,Z) $ 0.00 Total Activity $ 0.00 $0.00 Ending Balance (x,Z) $ 0.00 Deposit Accounts: Interest rate as of 07130 was 0.50%. Your interest period was 06116104 - 07115104. Please see "Footnotes for Your Account" section for an explanation of the footnote codes and symbols on this statement. Schwab Institutional is a division of Charles Schwab & Co. Inc., ("Schwab"), andprovides back office and other services to investment advisors and retirement plan providers. This statement is furnished sole)y for your account at Schwab. *Except as noted in this statement's Terms and Conditions investment advisors or retirement plan providers whose names appear in this statement are not affiliated with Schwab. Please see Terms and Condifioh- BC7A1702-009317 106438 02003 Charles Schwab & Co., Inc. All rights reserved. Member: SIPC/New York Stock Exchange. CRS 13571 (0603-0795) STP10496R2-01 (06/03) 00 Printed on recycled paper. • q h • a vJte/ part of your world Tyco Retirement Savings and Investment Plan ROBERT MARSH 1420 YOCUMTOWN ROAD ETTERS, PA 17319 July 1, 2005 - September 30, 2005 SNP#MG004032 MG 90522 A T Tyco Benefits Center: 1-888-222-TYCO (8926) Representatives are available from 8:30amto 8:00pm EST any business dayy. Account information is also available 24 hours a day through the benefits line or www.401 k.com. I A Ossage From TYCO Important: Planning on making a change to the amount you are contributing to your RSIP for the remainder of the 2005 plan year? If you would We to change your deferral percentage rate for contributions made to the RSI P for the remainder of the 2005 plan so by December 8, 2005. Any changes made after that date will not take effect until the 2006 plan year. year, you must do To change your contribution rate online, log onto NetBenef its at www.401 k.com. Select 'Tyco 401(k) Plan', then click 'Pavrnll Deductions under'Act'. Your Account Summary Your Asset Allocation O"ktning Balance $1,221.57 Your Contributions 331.49 Tyco's contributions 552.46 Chaff in Account Value 39.30 91dI[no Balance $2,144.82 tttd otipn 000d Balance $2,144.82 Out 1 to of turn ltls:tatetitertt period 2 7% Yeslt to DAto 5.4% V lll**bxW Mate of Return is cakuiatwd with a Wns-w4ighted ?'UiNdefy u"d by financial anpdysts to cafo" Invesfhtent h rOft" tho rasuks of your Investnwnt svlgetkinit as as &1y"ty in the plan account(s) shown. Th" era other pe ed Mato 6( Rstum formulas used that may yield4fferent rgtultc: penes riber that past perforrf mce Is no guamtee of future rust,llta. Stocks 45% Bonds 45% Short-term 1o% Your invesim is a t;ti'td rs.atk)oated a the di layrtd?gas$01 saes as of the .of his' tiRerr CC.C.I s made aTtor the end of t* statet tt Ord I bie %f In your ne)l statement. Pe'resntages >Iittd toteb nay not be exact due to rounding. The A4000al 1`urld Information awtk>n fps the allocation of your bianded funds. Pk?ase road this ctatemsnt careful?y. Any am mast bo MP0rWd to qty W060"Wft 04th 80 days. 1 ? 0(21107 foyer Services Co rnpilttiy, P.O. Box 710003, Cihclnn#i, W 46277-0?85 RNe 1 off Tyco Retirement Savings and Investment Plan Statement Period: 07/01/2005 to 09/30/2005 Market Value of Your Account Displayed in this section is the value of your account for the statement period, in both shares and dollars. `ShareBlUnits Shares/Units Price on Price on Market Value =Marrkket vea nt o 061361 5 on 09 c 06/3 12005 0913012005 0 06/3 5 200 0 89.492 152.983 $13.65 $14.02 1,221.57 .. >3: -a21144 Remember that a dividend payment to fund shareholders reduces the share price of the fund, so a decrease in the share price for the statement Period does not necessarily reflect lower fund performance. `Some of your investments are classified as a Blended Fund Investment. Blended Investments may include a mixture of stocks, bonds and/or short-term assets. Please refer to the 'Additional Fund Information' section to determine the allocation of your blended investments' underlying assets. The asset breakdown of your portfolio is reflected in the pie chart In the "Asset Allocation" section. Your Account Activity Use this section as a summary of transactions that occurred In your a count during the statement period. Freedom 201 a t3ealnnina Balance e, A Your ContribUtlons ` ,331.49 Tyoa's Contributions 552.46- G ange in Account Value 39.30 Ending Balance $2,144.82 Dividends 6 Interest $0.00 Your After Tau Information 11/07/2005 This tarpon details your after tax cost basis. After tax cost basis Is the contribution amount that you have already paid taxes on. General lnfotmation modus: Active Division: Hire Daw: 04/05/2004 Vesting Date 1?` 04/05/2004 F envoi ftent' Fee Information >farll fin tmal! Sd Cap Growth A assesses a short-term trading fee of 2.00% for shares held less than 7 days. Tf* X?fstdn Foreign Furtd A will charge a 2% short-term redemption fee on shares sold within 7 days of their purchase. .1?iltts Wotiid5" assesses a short-tern, trading fee of 2.00O1. for shares held less than 90 days. F4 # Perform nce d? ?( nWostnnentperformance of aq funds available in the you tr1N'eW this tiPdete, please remember that plan. Funds you awn are marked with an asterisk. Performance data stated represents past performance which does not guarantee future results. lnvoi;V t Wurn and principal value of an investment will fluctuate; therefore, you may have again or loss when you sell your units. Current pretfotmarx* fnav be higher or lower than perlbrmance stated. To loam more or to obtain the most regent month-end performance information, oft fkM* using the information listed on the first page of this statement (your plan's toll free number and/or website). DOW in arty irtvestrrtl ni option, pteas+ carefully consider the investment Objectives, risks, cha s f+?1Nlr?o and ? or r?irt® Fkiely for a free mttiuaf fund or variable annuity prospectus ieXes. For 0* and other . (lead it oarefuNy before you invest. FWdWV*)yei Services Co ny, 0. Box 770003, Cincinnati, OH 45277-0065 Page 2 of 5 Tyco Retirement Savings and Investment Plan Fund Performance (continued) Statement Period: 07/01/2005 to 09/30/2005 Your holding period may differ from the time periods shown below: -Foreign investments, especially those In emerging markets, Involve greater risk and may offer greater potential returns than U.S. Investments. This risk Includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation. Lower-quality debt securities Involve greater risk of default or price changes due to potential changes in the credit qualityV the issuer. - Investments in mortgage securities are subject to prepayment risk, which can limit the potential for gain during a declining Interest rate environment and Increase the potential for loss in a rising interest rate environment Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors. Investments In smaller companies may Involve greater risks than those In larger, more well known companies. Cumulative % I Annual Total Return % I Average Annual Total Raturn % as of 0930/2005 tenth vrn 01%11 - w...... ..- ?(4 W?. Company Stock T yco Stock Fund (93074) -4.19 -21.05 35.02 55.08 -70.62 -7.81 26.01 -11.21 WA 5.13 07/02/1997 tsar • cap F; Growth Company {00025) 7 40 Fid US Eq Index Pool (00782) . 3 61 6.98 2 75 12.12 10 81 41.36 28 55 -33.45 21.47 23.76 -6.76 9.67 14.31 01/17/1983 NS Guardian Trust (99662) . 7.27 . 6.28 . 15.93 . 35 01 -22.16 -25 91 12.23 17 79 16.64 20 5 -1.52 9.47 10.29- 12/31/1991 AMnz CCM Cep Ap Adm (99843) Yang Windsor it Adm (22684) 5.84 7.21 12.30 . 26.71 . -23.25 . 19.56 .9 15.83 2.74 -1.72 6.09 N/A 8.20 10.37 08/03/1993 07/31/1996 Fid US Eq Indx Cl 2 (05024) 4.09 3 58 7.05 2 73 18.44 30.22 - -16.79 17.91 20.39 WA N/A 5:84 os/14/2wi . . 10.81 28.65 -22.16 12.20 16.63 -1.53 9.47 10.29 12/31/1991 Mid-Cap Fkin Sr MIdCap Grth A (93392) 7.04 7.20 13.04 37.68 -29.58 2122 22.32 -6 01 9 37 12 75 . . . 02/14/1992 kdorfladonaf Templeton Foreign A (99500) Janus Worldwide (99664) 9.43 536 8.54 18.14 30.51 -8,64 23.80 20.66 8.26 8.52 13 42 10/05/1982 2.10 5.54 24.23 •26.01 13.86 11.50 -8.03 7.70 . 10.83 05/15/1991 F Puritan (4) 260 = F Ad Freedom Income (00369) 1.15 245 2 42 9.28 3 89 22 20 7 33 -7 91 9.11 13.51 5.07 9.00 11.70 04/16/1947 Fid Freedom 2000 (00370) 1.23 . 2 50 . 4 52 . 9 21 -0.26 4.91 5.22 3.16 NIA 5.85 10/17/1996 Md Frekfom 2010 00371)• Rd Freed m 20 2.71 , 3.63 . 7.24 . 17.13 -1.83 -6.85 5.60 9.39 6.26 10 76 2.49 19 2 WA WA 6.92 10/17/1996 o 20 00372) Fid Freedom 2030 (00373) 424 5 06 4.59 5 9,55 24.90 -13.71 13.13 . 14.93 . 0.93 N/A 8.28 8 51 10/17/1046 10/17/1996 Rd Freedom 2040 (00718) . 5.35 .19 5.30 10.45 11 32 28.42 31 16 -17.31 -19 66 15.03 16 16.85 0.03 WA . 8.25 10/17/1996 . . . .12 18.28 -0.60 WA -1.19 09/06/2000 +51 `F i hJ,`T?r n Sttlbto Value Interest Income Fund (93306) 1.10 3.17 4.12 4.60 5 62 4 27 4 44 . , . 5.06 WA 5:56 06/30/1997 kmorne A $ond Fd Of Amer A (93238) 0 05 . 1;29 5.85 12.22 6.11 3.60 8.00 6 92 6 62 8 14 aoott? its 05/28/ 1974 ns OM historical and i "Id4 the #" In Owe value and retnypatrr"t of d8uiderMc and cay? [W? g al n ons, d an Cub f reported as of the periods shown: life of fund Nuter are from oornmau osmont date to shown. DU*the perigt! y reut tirwr ants la annual total returns art tad as of N toast fooent oafendar 4ari er for this, 'to uM do not Imdude:the effect of tit pads shaven abi do calamafz? standard ?t plan. if sates, ff any, tft?e o}tar?as ate >IV4Yvid for cattribrtgorn rre through your "an s iMfll s>+rrere b>clfiidpcfx"kOnt would hip" b4HMtower. ? futld's sh+varprice (except money market fundsj, Id, Vary, and you may h" a gain or loss when you soil your shares, For fundt no lodger olfrr d through your plan, short-term tredlng t0 your account, Mifld reimbu anon port was fprrr>+"yfcrlatkt? PIMCp Cis itai Ayprn,Fund, Pc oily roimburshg a portion of "Al Fnr dortt FtJods' axpert t. Ab"M such rein-ibursenunt, returns and yield would have been bili expense ratio would tare been hoer: mu4W class of sares funds "DOW InVgstrrtents We rnaragod by non-FWoky gn1u$. Please consult the prospectus for more Information. if may vary, Pfeate cons! your plan do,cumon4oDn for the specific c,"s of shares "" through your plan. 6 lntonrigtaon for non-Fk1ality muplW titncts and Other k7Vestttlattts eat providtd by a rid aotrtpfyteness cmnot bw guamntpod. d Pay ty Afthough data Is carstulty verified, rshnsnts lnstftutkxW Servlifes COMOWY, kic, 92Owionsfera&OW Boston; AAA 02108 Ftvio P.i , i s 77 , Clnol nst), OH 4"77-00" page 3of5 Tyco Retirement Savings Statement Period: 07/01/2005 to 09/30/2005 and Investment Plan Additional Fund Information Use this section to determine the asset allocation of your blended investments. Blended Investment Stocks Bonds Short term Fid Freedom 2010 45% 45% 100/6 - Blended Investments must invest In more than one asset class. The blended investment asset allocation above reflects the stated neutral mix or, if not available, the asset mix reported by Morningstar, Inc. for mutual funds or by investment managers for non-mutual funds. , P.O. Box 770003, Cincinnati, OH 45277-0065 ww?.r.wr .00 Page 4 +of 5 • iq1 • QU \'? For account infor4n contact ?I ECUISERVE TRUST COMPANY, N.A. E.I. du Pond de Nemours and Company c/o PO BOX I4VE TRUST COMPANY, N.A. By Internet: www.equiserve.com PROVIDENCE, Al 02940.3023 Your initial Internet password islllll? By Telephone: 888-983-8766 Your initial telephone password/PIN By Mail: E.I. du Pont de Nemours and Company PO BOX 43023 PROVIDENCE, RI 02940-3023 M006 IOM DMA-O.10Z.100.MS 16047 16047 1 1.......... MMUZNA30671.0001.17036 0710147017033M6 CWDIV XMIT 307 ROBERT F MARSH 1420 YOCUMTOWN ROAD ETTERS, PA 17319-9767 E.I. du Pont de Nemours and Company Account Number: 974s47s Issue Issue Record Payable Record Dividend Gross Tax Amount ID Date Date Date Shares Rate Amount Withheld Payable COMMON EDUCM 02 / 15 /2005 03 / 14 / 2005 54.0000 $0.35000 $18.90 $0.00 $18.90 COMMON EDUCM 05/13/2005 06/11/2005 54.0000 $0.37000 $19.98 $0.00 $19.98 :Vmnt Dividend Check Number: 279138 Year-To-Date Paid 1111111 $38.88 $0.00 $38.88 0 Iqk • 0 PRUDENTIAL TRUST COMPANY C(F THE IRA OF ROBERT F MARSH • Page 2 of 8 Retirement Account Summary for the Period July 1, 2005 to September 30, 2005 Equity JennisonDryden Mod Alloo CIB FD#1506/NASDA WA Aooount #1028084 g `. $50,101.81 $0.00 $0.00 4,656.302 $11.32 $52,709.34 +5.20% Total Equity : $50,101.81 $0.00 $0.00 $52,709.34 +5.20% r r`€ f. r"s # T 1": The primary beneficiary on all of your. accounts are: Steven R Marsh 100% For your probation and your privacy, we will no longer display the Scoial Security numbers andfor Tax Payer Identification numbers on this statement. W you need to update any of the beneficiary information, please writs to us at Prudential Mutual Fund Services LLC, P.O. Box 8159, Philadelphia, PA 19176. To help reduce the meling costs of your Mutual Funds, please contact us N any of the above addresses should be changed or deleted - Thank You. Please call us, toll-free, at 1-800.225-1852 Monday through Friday, between 8:00am-8:00pm eastern Ems. Mutual Funds from Prudential Acial Jennison Dry&rf ® STRATEGIC PARTNERS" waQi7t MAIL TO: PRUDENTIAL TRUST COMPANY C/F THE IRA OF ROBERT F MARSH 1420 YOCUMTOWN RD ETTERS PA 17319-9767 CJ Your Representatives WALTER 8 SHEETS LUTCF CMFC PRUCO SECURITIES LLC HARX (717)975.8150 GERALD W PLUMLEY LUTCF PRUCO SECURITIES LLC W SH (717)975-8150 Your SSNn t#: ON FILE Page 1 of a ¦ M M Mutual Fund Statement - July 1, 2005 to September 30, 2005 i? I• Investment Summary Openkp Balanoe on July 1 , 2005 Additions 8ubeaotions investment Results $50,101.81 0.00 0.00 +$2,607.53 Closing Salanoe on Seplember 30, 2005 Personal Performance * Dividends This Period +5.20% $0.00 Year To Date +5.53% $62.78 $52,709.34 Capital Gains too ?0 00 Investment Allocation tJdarbbd using a dolarw*WMW rab of Mum mauad for tM period(e) laI I Rawlb an brad an your tpaarb aA* and may rat Moat o m l fund peQonmwaa. Sbrrdwdud fund patio nwaa b avaNabb by apaddnp wM yourftnanoW profarasbnN or by visiting wwworudwdWAOm. Nob: Than am other parwnd pofOmNnas fomariaa that may *w c=wdlipww. and past parka- , M not kx1w n of fubrra Iriatdb. lii? • Mor'liol Debts 1b-A • par 1of4 ©MOBank P.O. BOX 62146 BALTIMORE MD 64-2146 ACCOUNT NUM8ER STATEMENT PERIOD 000168432980001 1 3/29/06 04/28/06 0 E /,? - Home F,Quity Line of Credit Account SUMM-M ? Date 04/28/06 Billi ng 05/23/06 t_ Current Due Date 31 r I?I G I P Days in Billing Period 590 Amount Billed This Statement $ 392.76 -'--' ROBERT F MARSH Over Credit Limit Amount $ 0.00 $ 0.00 SANDRA J MARSH YOCUMTOWN RD Past Due Amount ---------_, 'T=3r,' { 1420 ETTERS PA 17319 Credit Limit $ 85,000.00 Available Credit $ 58,647.74 . Finance Charge YTD $638.89 7.6437% ANNUAL PERCENTAGE RA'Z'E RATE1 TOTAL Previous Balance (03!28/06) $26,590.58 $ 26,580.58 00 $ 0 + Advances & Debits $ 0.00 $ 396.41 . $ 396.41 - Payments & Credits + FINANCE CHARGE $ 168.09 $ 168.09 00 $ 0 + Life Insurance Charge $ 0.00 $ 0.00 . $ 0.00 + Late Charges $ 000 $0.00- • other Charges $26,352.26 $26,352.26 New Balance Daily Periodic Rate CWVgw ding ANNUAL 0.0205479% 7.5000%(**) PERCENTAGE RATE 31 Days covered by this Rate 388.28 $ 26 Average Daily Balance =NAT-ICE CHARGE __ , $ 168.09 to o[ reneum ?..? 04/24 8 • t Primary Account Holder Name: Robert F Marsh Account Number: Statement Period: 04/28/06 000168432980001 03/29/06 LOC Payment $ 168.09 FINANCE CHARGE interest Assessed Due To Periodic Rate Sat Rmrse Side of Ptyt 1 for Explanation of Footnotes PA $ 396.41 Page 3 of 4 $ 26,184.17 $ 26,352.26 L12B '6'COl ai V ? `,3 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA DIVORCE HEARING MASTERS SANDRA MARSH, Plaintiff, V. ROBERT F. MARSH, Defendant Kenneth J. Sparler Attorney for Defendant 117 East Market Street York, PA 17401 (717) 846-8811 NO. 04-314 Action in Divorce Jay R. Braderman Attorney for Plaintiff 126 Locust Street Harrisburg, PA 17108 (717) 232-6600 DOM: 1/22/1972 DOS: 11/02/2003 AMENDED 1920.33 STATEMENT OF DEFENDANT, ROBERT F. MARSH AND NOW, this ,? day of ?, 2006, comes the Defendant, Robert F. Marsh, by and through his counsel, Kenneth J. Sparler, Esquire, and files this Amended Pre-Trial Statement pursuant to Pa.R.Civ.P. 1920.33(b) to which the following paragraphs coincide with each subsection. Anstine & Sparler Ames xb (1). Assets rtum No neaerintinn of Pronerty Names of All Owners Values 1 Real Property: 1420 Yocumtown Road $168,000.00 Etters, PA H & W 12/31/05 Appraisal Steven E. Brown, Appraiser Present value Stipulated Real Property: Yocumtown Road Esters, PA H & W (Note: This vacant lot is included in Deed of Marital Residence) 2a Motor Vehicles: H $18,175.00 2001 Chevy Tahoe ADA value as of 11/2003 2b Motor Vehicles: Capital Tool & UnImown Chevy Impala Manufacturing & W Leased vehicle 2c Motor Vehicles: H $8,000.00 Boat & Trailer Husband stipulate value. 3 Stocks, Bonds, Securities and Options: N/A $0 4 Certificates of Deposit: N/A $0 Checking Accounts, Cash: N/A $0 6 Savings Accounts: $13,000.00 (H) M&T Bank #18845 H & W Account Closed 2/4/05 $1,875.00 (W) Husband stipulates values. 7 Contents of Safe Deposit Boxes: N/A $0 9 Sparler Anstine 6r SParler Anax W, w 8 Trusts: N/A $0 9a Life Insurance Policies: Prudential Financial Life Policy #R1 094 400 Husband $11,866.00 (1/5/04) Cash Value 9b Life Insurance Policies: Prudential Financial Life Husband $3,551.00 Policy #25 124 692 Cash Value (11/16/05) 9c Life Insurance Policies: Prudential Financial Life Husband $9,108.00 Policy #25 449 261 Cash Value (11/16/05) 9d Life Insurance Policies: Prudential Financial Life Husband Term Life Policy #Z10 865 734 9e Life Insurance Policies: Prudential Financial Life Husband $2,457.00 Policy #D47 467 881 Cash Value (11/16/05) 9f Life Insurance Policies: Prudential Financial Life Husband $6,494.00 Policy #1380 065 185 Cash Value 11/16/05 10 Annuities: N/A $0 11 Gifts: N/A $0 12 Inheritances: N/A $0 A Sparler Anoaw.e 13 Patents. Copyriehts. Inventions Royalties: N/A $o Personal Property Outside the 14 Home: N/A $0 15a Businesses: CAPITOL TOOL & Wife and Brother TBD MANUFACTURING CO. INC. $470,000.00 15b Businesses: Appraisal dated 8/24/05 by SANJEF REALTY Wife and Brother L.G. Connor 429-429A Old York Road R.E. Appraiser New Cumberland, PA Submitted on 9/23/05 15c Businesses: Sanjef Realty TBD 435 Old York Road New Cumberland, PA Employment termination $0 16 benefits - severance pay, N/A worker's compensation claim/award- 17 Profit Sharine Plan: N/A $0 18 Pension Plans: N/A $0 19a Retirement Plans. Individual Husband $45,030.00 Retirement Accounts: Prudential Financial IRA #EO 141417 1/01/04 19b Retirement Plans. Individual Retirement Accounts: Principal Financial Group IRA Husband $5,675.00 #45000010548 1/01/04 Retirement Plans, Individual 19c Retirement Accounts: Charles Schwab Wife $34,958.00 #5938-4300 7/31/04 Retirement Plans, Individual 19d Retirement Accounts: Tyco Retirement Savings & Investment Husband $2,145.00 #MG 90522A 9/30/05 Retirement Plans, Individual 19e Retirement Accounts: Husband $ 38.88 DuPont Company 6/11/05 Retirement Plans, Individual 19f Retirement Accounts: Husband $52,709.00 Prudential Trust IRA #6376 9/30105 20 Disability Payments: N/A $o 21 Litigation Claims: N/A $0 22 MWtarv/V.A. Benefits: N/A $0 23 Education Benefits: N/A $o 24 Debts Due, Including Loans, N/A $0 Mort a es Held: 25 Household Furnishings and Husband & Wife TBD and divided between Personal the parties 26 Other: NIA $0 A Sparl gnaws (2) Expert Witnesses. Husband will call: Steven E. Brown, of Brown Appraisers, York, Pennsylvania, who will testify regarding the market value of the marital residence, Yocumtown Road, Etters, York County, Pennsylvania; and Leon Butler, Butler-Gingerich & Co., of York, Pennsylvania, will testify regarding business appraisals. Husband reserves the right to additional witnesses. (3) Lay Witnesses. Husband does not anticipate calling any witnesses other than the parties. Husband reserves the right to call additional witnesses for rebuttal purposes. These witnesses are not presently identified. (4) Exhibits. Husband will be introducing documentation in support of the figures set forth in the asset summary, which documentation has been attached hereto. Husband reserves the right to enter additional exhibits. (5) Income. See Husband's Income and Expense Statement, a copy of which is attached hereto. (6) Income and Expense Statement. See Husband's Income and Expense Statement, a copy of which is attached hereto. (7) Pension and Retirement Benefits. See asset summary above. (8) Counsel Fees. Husband requests counsel fees. (9) Personal Property. The parties have retained their respective personal property. 9 Sparle ` Ancwen.vUw (10) Marital Debts. Names of Names of Item No. Descrintion All Creditors All nahtnre RaIn"Pac 10-1 Mortgage #9279860 M & T Bank H & W $0 This mortgage was taken out for the parties' son, Allen, on property located at 13 Mall Road, York, PA. Son was making payments on this mortgage, and was paid in full in anuary 2006. 10-2 Home Equity Loan M & T Bank H & W $26,352.00 #1684-32980001 5/2006 (11) Proposed Distribution. Husband proposes a 60/40 split of marital estate, in favor of Husband. The parties maintain their respective retirement plans, life insurance, etc., and Husband to receive Alimony in the amount of $1,000.00, per month. Respectfully submitted, ANSTINE & SPARLER By `9 Sparler Avcm AIIAW ICennetl'i rS le Esquire Attorney for P ff 117 East Market Street York, PA 17401 (717) 846-8811 Sup. Ct. I.D. #07435 CERTIFICATE OF SERVICE AND NOW, this ,-ZLday of 2006, I, KENNETH J. SPARLER, ESQUIRE, of the law firm of Anstine & Sparler, hereby certify that I have, this date, served a copy of the within Amended Pre-Trial Statement via U. S. 1" Class Mail, postage prepaid, addressed to the party or attorney of record as follows: Jay R. Braderman 126 Locust Street P.O Box 11489 Harrisburg, PA 17108 ANSTINE & SPARLER By e J. ar r, Esquire Attorney for ntiff 117 East Market Street York, PA 17401 (717) 846-8811 Sup. Ct. I.D. #07435 I Anstine & Sparler Ancma.A'rl ,-, ? o ?? ?-" p " " _ _ G`) 1'1 -r, N ?i .7 ?. " ' ?' ?? - ) (T '? •%[; ? (.w 1 `73 3 ,,,,,. SANDRA MARSH, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff NO. 04-314 CIVIL TERM V. : CIVIL ACTION - LAW ROBERT MARSH, IN DIVORCE Defendant WAIVER OF NOTICE OF INTENTION TO REQUEST ENTRY OF A DIVORCE DECREE UNDER SECTION 3301(c) OF THE DIVORCE CODE 1. I consent to the entry of a final Decree of Divorce without notice. 2. 1 understand that I may lose rights concerning alimony, division of property, lawyer's fees or expenses if I do not claim them before a divorce is granted. 3. 1 understand that I will not be divorced until a divorce decree is entered by the Court and that a copy of the decree will be sent to me immediately after it is filed with the Prothonotary. I understand that the statements made in this affidavit are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C. S. §4904 relating to unsworn falsification to authorities. Date: SANDRA MARSH , -, ?-?., .: x r :W : .::?:.? -_ : ? i_y" ....`. '-'- ,, t,r ---i ,. i .S ?4, ...Y SANDRA MARSH, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff NO. 04-?14 CIVIL TERM V. CIVIL ACTION - LAW ROBERT MARSH, IN DIVORCE Defendant AFFIDAVIT OF CONSENT 1. A Complaint in Divorce under Section 3301(c) of the Divorce Code was filed on January 23,2004. 2. The marriage between Plaintiff and Defendant is irretrievably broken and ninety (90) days have elapsed from the date of filing and service of the Complaint. 3. 1 consent to the entry of a final decree in divorce after service of Notice of Intention to Request Entry of the Decree. 4. 1 understand that I may lose rights concerning alimony, division of property, lawyer's fees and expenses if I do not claim them before a divorce is granted. I verify that the statements made in this affidavit are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C. S. Section 4904, relating to unsworn falsification to authorities. Date:- ZJ /1 .5 D G SANDRA MARSH {"ti I^°.J ,nom L j ?? .?.. ?. ?. .- ? r? ` -- ->- ?? T?:1 r-..., ? __, ; r` , r?.z? -? SANDRA MARSH, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff NO. 04-314 CIVIL TERM V. CIVIL ACTION - LAW ROBERT MARSH, IN DIVORCE Defendant AFFIDAVIT OF CONSENT 1. A Complaint in Divorce under Section 3301(c) of the Divorce Code was filed on January 23,2004. 2. The marriage between Plaintiff and Defendant is irretrievably broken and ninety (90) days have elapsed from the date of filing and service of the Complaint. 3. 1 consent to the entry of a final decree in divorce after service of Notice of Intention to Request Entry of the Decree. 4. 1 understand that I may lose rights concerning alimony, division of property, lawyer's fees and expenses if I do not claim them before a divorce is granted. I verify that the statements made in this affidavit are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C. S. Section 4904, relating to unsworn falsification to authorities. Date: I z - y- 0 7 ROB RT H SSN: -Ws Y?7? SANDRA MARSH, IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Plaintiff NO. 04-314 CIVIL TERM V. CIVIL ACTION - LAW ROBERT MARSH, IN DIVORCE Defendant WAIVER OF NOTICE OF INTENTION TO REQUEST ENTRY OF A DIVORCE DECREE UNDER SECTION 3301(c) OF THE DIVORCE CODE 1. I consent to the entry of a final Decree of Divorce without notice. 2. 1 understand that I may lose rights concerning alimony, division of property, lawyer's fees or expenses if I do not claim them before a divorce is granted. 3. 1 understand that I will not be divorced until a divorce decree is entered by the Court and that a copy of the decree will be sent to me immediately after it is filed with the Prothonotary. I understand that the statements made in this affidavit are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C. S. §4904 relating to unsworn falsification to authorities. Date: t z - y- 0 7 2,/z",,,t, ROB RT M R H SSN: ? ?. .Y, :?._ ti.,..? ? _ ? •?- r ?3 rr ` { '?°-. f - ? .. _? '? ?... ` _.i .' _?? ,? ?? ?.? n SANDRA MARSH, Plaintiff VS. ROBERT MARSH, Defendant IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA NO. 04 - 314 CIVIL IN DIVORCE ORDER OF COURT AND NOW, this Lf14 day of 2007, the parties and counsel having entered into an agreement and stipulation resolving the economic issues on December 4, 2007, the date set for a Master's hearing, the agreement and stipulation having been transcribed, the appointment of the Master is vacated and counsel can conclude the proceedings by the filing of a praecipe to transmit the record with the affidavits of consent of the parties so that a final decree in divorce can be entered. BY THE COURT, Edgar B. Bayley, P.J. cc: Jay R. Braderman Attorney for Plaintiff Kenneth J. Sparler Attorney for Defendant 00-t-31 EIS /nit LL laIA/107 ?-- ,_... ?. L!_t :,_ _ C'?j -, :.? ? l * I ? ''. ? _ F?.+?.? 1 ?t t ?? _ c " ' j r-4 y . j SANDRA MARSH, IN THE COURT OF COMMON PLEAS OF Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA VS. NO. 04 - 314 CIVIL ROBERT MARSH, Defendant IN DIVORCE THE MASTER: Today is Tuesday, December 4, 2007. This is the date set for a hearing in the above-captioned divorce proceedings. Present in the hearing room are the Plaintiff, Sandra Marsh, and her counsel Jay R. Braderman, and the Defendant, Robert Marsh, and his counsel Kenneth J. Sparler. Also present is Mr. Sparler's paralegal Virginia Altland. This action was commenced by the filing of a complaint in divorce on January 23, 2004, raising grounds for divorce of irretrievable breakdown of the marriage. The complaint did not raise any economic claims. On March 4, 2004, claims were raised by petition for equitable distribution, alimony, alimony pendente lite, and counsel fees and expenses. The parties were married on January 22, 1972, and separated November 2, 2003. With respect to the grounds for divorce, the Master has been provided affidavits of consent and waivers of notice of intention to request entry of divorce decree dated today. The affidavits and waivers will be filed by 1 • the Master's office with the Prothonotary. The divorce can, therefore, conclude under Section 3301(c) of the Domestic Relations Code. After extensive negotiations, the Master has been advised that the parties have reached an agreement with respect to the outstanding economic claims. The agreement is going to be placed on the record in the presence of the parties. The agreement as placed on the record will be considered the substantive agreement of the parties, not subject to any changes or modifications except for correction of typographical errors. The agreement will be transcribed and the parties and counsel can make correction of typographical errors as required and then affix their signatures affirming the terms of settlement as stated in the agreement. However, it is specifically understood that when the parties leave the hearing room today, whether or not they sign the agreement affirming the terms of settlement, they are nevertheless bound by the settlement as the settlement has been stated on the record. After receipt by the Master of a completed agreement, the Master will prepare an order vacating his appointment and counsel can then file a praecipe transmitting the record to the Court requesting a final decree in divorce. Mr. Braderman. 2 a } MR. BRADERMAN: If the Master please. The parties are going to submit a joint exhibit with the distribution of assets and value of assets which they have agreed to, to resolve the equitable distribution claim. There will be no alimony paid from one party to the other and each party will pay their own counsel fees. The alimony pendente lite or spousal support order which is currently in effect, payable from Sandra Marsh to Robert Marsh, shall be terminated upon the entry of a divorce decree and the arrears, if any, due at that time, shall be paid in full. Except as herein otherwise provided, each party may dispose of his or her property in any way and each party hereby waives and relinquishes any and all rights he or she may now have or hereafter acquire under the present or future laws of any jurisdiction to share in the property or the estate of the other as a result of the marital relationship including without limitation, statutory allowance, widow's allowance, right of intestacy, right to take against the will of the other, and right to act as administrator or executor in the other's estate. Each will at the request of the other execute, acknowledge, and deliver any and all instruments which may be necessary or advisable to carry into effect this mutual waiver and relinquishment of all such interest, rights, and claims. 3 THE MASTER: Mrs. Marsh, you understand that we are going to attach to the agreement a joint exhibit which sets forth the assets, how they are being distributed and the value of those assets. You are going to be asked to initial the exhibit as an acknowledgment that you have looked at it and are in agreement with it. You understand that? MRS. MARSH: Yes. THE MASTER: Otherwise, you have heard Mr. Braderman state that all claims for counsel fees and costs and alimony are waived or withdrawn, do you agree with that? MRS. MARSH: Yes. THE MASTER: Do you agree with this settlement as set forth on the exhibit which is going to attached, which you have seen a copy of? MRS. MARSH: Yes. THE MASTER: Do you have any questions? MRS. MARSH: No. THE MASTER: And you are satisfied that the resolution of the issue of equitable distribution today will resolve all claims relating to the divorce case? MRS. MARSH: Yes. THE MASTER: Mr. Marsh, you have heard the questions that I have asked your wife? MR. MARSH: Yes, sir. 4 i THE MASTER: Do you understand the terms of the settlement and that we are going to have a joint exhibit attached which I am going to ask that you initial, that you have looked at, and read it? MR. MARSH: Yes, sir. THE MASTER: And you've seen and talked to your counsel about the content of the exhibit; are you satisfied that you understand it? MR. MARSH: Yes. THE MASTER: And you are willing to resolve all claims today by the entry of this agreement on the record? MR. MARSH: Yes. THE MASTER: Mrs. Marsh, do you understand also that any support action or alimony pendente lite action will be terminated upon the entry of a decree in divorce? MRS. MARSH: Yes_ THE MASTER: And, likewise, Mr. Marsh, do you understand that the support or alimony pendente lite action will be terminated and if there are any arrearages, they will be payable by wife? MR. MARSH: Yes. I acknowledge that I have read the above stipulation and agreement, that I understand the terms of 5 settlement as set forth herein, and that by signing below I ratify and affirm the agreement previously made and intend to bind myself to the settlement as a contract obligating myself to the terms of settlement and subjecting myself to the methods and procedures of enforcement which may be imposed by law and in particular Section 3105 of the Domestic Relations Code. WITNESS: J % Araderman ornex for-,Olaintiff Kenneth J Spa er Attorney or De endant DATE: /;x ?. andra Marsh bert Marsh 6 `DOM: 1/ 22/ 1972 DOS: 11/ 02/ 2003 SANDY J. MARSH V. ROBERT MARSH H's DOB: 11/6/1947 W's DOB: 1/30/1950 Most Current Ex .# ASSETS DOS Value Value Husband Wife REAL PROPERTY 1420 YOCUMTOWN ROAD, ETTERS, PA (DOS appraisal 11/2/03 and most current appraisal dated 1 12/31/05) 140,000 1689000 168,000 Home Equity Loan current balance as o 3/29/2006 (Husband makes payment o $392.76/month). "DOS Value" balance dated 8/27/05 -289358 -24,078 -241078 Vacant lot on Yocumtown Rd - included in Deed of Residence VEHICLES 2001 Chevy Tahoe - NADA value as of 11/2003 2a (H) 18,175 15,000 15,000 Chevy Impala - Leased Vehicle through Capital 2b Tool & Manufacturing & Wife Boat & Trailer - LISTED ON W'S PRE-TRIAL STATEMENT. 85000 85000 BANKACCOUNTS Savings - M&T BANK Acct #18845 (Jt) Wife 6 closed this account in 2005 14,870 13,000 1,870 5 Checking - Jt Wife claims Husband retained funds 200 2,000 INSURANCE PRUDENTIAL FINANCIAL LIFE # R1 094 400 9a (H) Cash Value 1/5/04 111866 135891 135891 PRUDENTIAL FINANCIAL LIFE # 2512 9b 4692 (H) Cash Value 11/16/05 35551 3,551 PRUDENTIAL FINANCIAL LIFE # 25 449 9C 1 261 (H) Cash Value 11/16/05 95108 95108 PRUDENTIAL FINANCIAL LIFE # Z10-865- 734 (H) Term Life policy (H believes this is a 9d policy for his sons, and is to provide information) PRUDENTIAL FINANCIAL LIFE # D47 467 9e 881 (H) Cash Value 11/16/05 23456 23456 PRUDENTIAL FINANCIAL LIFE # D80 065 9f 185 (H) Cash Value 11/16/05 61493 65493 BUSINESSES CAPITOL TOOL & MANUFACTURING CO., 15a INC (TBD) 429-429A Old York Rd, New Cumberland (W & Brother) Current appraisal dated 1012006 Increase in value .$255,000.00 at Wife's 50% 15b interest. 1275500 127,500 435 Old York Road, New Cumberland Brother) (TBD) W's Pre-Trial Statement indicates an appraisal date of 111412003. Current apraisal dated 1012006. Increase in value 15c $41,500.00 at Wife's 50% interest. 20,750 203,750 ?DOM: 1/22/1972 SANDY J. MARSH H's DOB: 11/6/1947 DOS: 11/ 02/ 2003 v W's DOB: 1/30/1950 ROBERT MARSH RETIREMENTI INVESTMENTS 19a PRUDENTIAL FINANCIAL IRA #EO 141417 (H) (1/01/04) 451,030 455030 45,030 9b PRINCIPLE FINANCIAL GROUP IR 0557 (W) Cashed in 2005 part of the funds were used for renovations of non-marital house (435 Old York Rd) and a portion of the funds used to purchase a vehicle. "Advance distribution" 6,788 65788 19c PRINCIPLE FINANCIAL GROUP IRA #4500010548 (H) (1/01/04), most current statement is dated 9/30/05 5,675 75853 7,853 9d CHARLES SCHWAB #5938 4300 (W) Charles Schwab, and shares of stock in Gartmore Worldwide, T Rowe Price Science, Vanguard Health Care FD, and Westport Select Cap FD all cashed-in and lent to Capital Tool. STIPULATED TO VALUE ALLOCATED TO WIFE 5,770 55770 GARTMORE WORLDWIDE 244.84 shares (sold 10/7/04) (W) T ROWE PRICE SCIENCE 46.11 shares (sold 10/7/04) (w) VANGUARD HEALTH CARE FD 108.77 shares (sold 10/7/04) (w) WESTPORT SELECT CAP FD 202.52 shares (sold 10/7/04) (w) 19e Tyco Retirement Savings & Investment #MG 90522A 9/30/05 (H) 2,145 2,145 19f DuPont Company 6/11/05 (H) Stock (54 shares) dividends 39 39 19 hd- Prudential Trust IRA #6376 9/30/05 (H) 521709 52,709 Tyco Stock - indicated on W's Pre-Trial Statement (H) (We have no information on this asset and client is to provide information) Wife's life insurance 35060 3,060 TOTAL 192,388 5409935 3259197 2159738 60/40 Distribution in favor of Husband 324,561 2165374 636 -636 Sandra Marsh CC Date / Robert Marsh Date /Z - - Jay R. Braderman, Esquire Attorney ID. No. 07047 126 Locust Street P. O. Box 11489 Harrisburg, PA 17108-1489 Tel: (717) 232-6600 Fax: (717) 238-3816 E-mail: jraderman@thewiselawyer.com Attorney for Plaintiff SANDRA MARSH, Plaintiff vs. IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA : NO. 04-314 CIVIL TERM ROBERT MARSH, Defendant CIVIL ACTION -LAW IN DIVORCE PROOF OF SERVICE OF COMPLAINT IN DIVORCE m CERTIFIED M AIL RE CEIPT t o ,,, (Domestic Only; Provided) ti For delivery information visit our website at www.usps.com r%_ ETTERS FA 17319 Postage $2 34 0115- M Certified Fee • p { ? p Return Reciept Fee (Endorsement Re uired) ?1 ? 7,rj ?stmark ee -Here q p Re tri t d D li F ?~ Ln s c e e very ee (Endorsement Required) # 3 5Q 0 rR M eo s? Ill p Sew To p ,?- r` -S`Yeef Apt No.; L? of PO Box No. 1 LYYT? C ? C_ -- ----- .--------- CJty, State, ZIP+4 ?--?- 3800, June 2002 a C # F r~ l rn ) C L ; a' rn % Jay R. Braderman, Esquire Attorney ID. No. 07047 126 Locust Street P. O. Box 11489 Harrisburg, PA 17108-1489 Tel: (717) 232-6600 Fax: (717) 238-3816 E-mail: jbraderman@thewiselawyer.com Attorney for Plaintiff SANDRA MARSH, IN THE COURT OF COMMON PLEAS Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA vs. NO. 04-314 CIVIL TERM ROBERT MARSH, CIVIL ACTION - LAW Defendant IN DIVORCE PRAECIPE TO TRANSMIT RECORD To the Prothonotary: Transmit the record, together with the following information, to the Court for entry of a Divorce Decree: 1. Ground for divorce: Irretrievable breakdown under Section 3301(c) of the Divorce Code. 2. Date and manner of service of the Complaint: January 30, 2004, via U.S. Mail, Certified, Return Receipt Requested, Restricted Delivery, #7002 3150 0000 6071 2853, original USPS Certified Mail Receipt and PS Form 3811, Domestic Return Receipt, attached hereto. 3. Date of execution of the Affidavit required by Section 3301(c) of the Divorce Code: December 4, 2007, by Plaintiff. By Defendant: December 4, 2007. Plaintiff's Affidavit was filed with the Prothonotary on December 4, 2007. Defendant's Affidavit was filed with the Prothonotary on December 4, 2007. 4. There are no related claims pending. On December 4, 2007, an agreement and a stipulation resolving all economic issues were entered into by the parties and transcribed by E. Robert Elicker, II, Divorce Master, and an Order was signed by Edgar B. Bayley, President Judge, vacating the appointment of the Master, true and correct copies of which are attached hereto. 5. Indicate date and manner of service of the Notice of Intention to File Praecipe to Transmit Record, and attach a copy of said Notice under Sections 3301(c) or 3301(d)(1)(i) of the Divorce Code: Plaintiffs Waiver was executed on December 4, 2007. Defendant's Waiver was executed on December 4, 2007. Plaintiffs Waiver was filed with the Prothonotary on December 4, 2007 Defendant's Waiver was filed with the Prothonotary on December 4, 2007. Respectfully submitted, Date: 1 J Berman, Esquire e*fi om D. No. 07047 0. box 11489 126 Locust Street Harrisburg, PA 17108-1489 Tel: (717) 232-6600 Fax: (717) 238-3816 E-mail: jbraderman@thewiselawyer.com Attorney for Plaintiff Jay R. Braderman, Esquire Attorney ID. No. 07047 126 Locust Street P. O. Box 11489 Harrisburg, PA 17108-1489 Tel: (717) 232-6600 Fax: (717) 238-3816 E-mail: jbraderman@thewiselawyer.com Attorney for Plaintiff SANDRA MARSH, IN THE COURT OF COMMON PLEAS Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA vs. NO. 04-314 CIVIL TERM ROBERT MARSH, CIVIL ACTION - LAW Defendant IN DIVORCE PROOF OF SERVICE OF COMPLAINT IN DIVORCE M Ln CERTIFIED rVIAIL RECEIPT (Domestic . .••. . ru F or delivery E S A FF3 ° .0 Pow $ ° Cerriiled Fee $2.30 0115 04 M Retumem RntRc?ueciapcired) Fee (Endorse $1.75 C3 Restricted Deliver Fee u7 y (Endorsement Required) $3.50 O ? ? ? ?? rr1 _. ?n ¦ c .,. ru ° t To C3 r S`freiet dpi ---------------------------------- Clty, State. ZfP+4 -----°- M Ln ro ru r` C3 -a 0 0 0 O O Lf) rR M ru ° O r%. T l - 7?O 21 M, M? v! C4 tl SANDRA MARSH, IN THE COURT OF COMMON PLEAS OF Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA vs. NO. 04 - 314 CIVIL ROBERT MARSH, Defendant IN DIVORCE ORDER OF COURT AND NOW, this day of 2007, the parties and counsel having entered into an agreement and stipulation resolving the economic issues on December 4, 2007, the date set for a Master's hearing, the agreement and stipulation having been transcribed, the appointment of the Master is vacated and counsel can conclude the proceedings by the filing of a praecipe to transmit the record with the affidavits of consent of the parties so that a final decree in divorce can be entered. BY THE COURT, Q1 Ckt ?' Edgar B. Bayley, P.J. cc: Jay R. Braderman Attorney for Plaintiff Kenneth J. Sparler Attorney for Defendant ci-CORU .?n Copy e-Ros A in Testimony vaterM, I hero tl?sO Set ray haiod M? 54 I of said at rRSM. P& 421!2,0? UP lift (- SANDRA MARSH, IN THE COURT OF COMMON PLEAS OF Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA VS. NO. 04 - 314 CIVIL ROBERT MARSH, Defendant IN DIVORCE THE MASTER: Today is Tuesday, December 4, 2007. This is the date set for a hearing in the above-captioned divorce proceedings. Present in the hearing room are the Plaintiff, Sandra Marsh, and her counsel Jay R. Braderman, and the Defendant, Robert Marsh, and his counsel Kenneth J. Sparler. Also present is Mr. Sparler's paralegal Virginia Altland. This action was commenced by the filing of a complaint in divorce on January 23, 2004, raising grounds for divorce of irretrievable breakdown of the marriage. The complaint did not raise any economic claims. On March 4, 2004, claims were raised by petition for equitable distribution, alimony, alimony pendente lite, and counsel fees and expenses. The parties were married on January 22, 1972, and separated November 2, 2003. With respect to the grounds for divorce, the Master has been provided affidavits of consent and waivers of notice of intention to request entry of divorce decree dated today. The affidavits and waivers will be filed by 1 the Master's office with the Prothonotary. The divorce can, therefore, conclude under Section 3301(c) of the Domestic Relations Code. After extensive negotiations, the Master has been advised that the parties have reached an agreement with respect to the outstanding economic claims. The agreement is going to be placed on the record in the presence of the parties. The agreement as placed on the record will be considered the substantive agreement of the parties, not subject to any changes or modifications except for correction of typographical errors. The agreement will be transcribed and the parties and counsel can make correction of typographical errors as required and then affix their signatures affirming the terms of settlement as stated in the agreement. However, it is specifically understood that when the parties leave the hearing room today, whether or not they sign the agreement affirming the terms of settlement, they are nevertheless bound by the settlement as the settlement has been stated on the record. After receipt by the Master of a completed agreement, the Master will prepare an order vacating his appointment and counsel can then file a praecipe transmitting the record to the Court requesting a final decree in divorce. Mr. Braderman. 2 MR. BRADERMAN: If the Master please. The parties are going to submit a joint exhibit with the distribution of assets and value of assets which they have agreed to, to resolve the equitable distribution claim. There will be no alimony paid from one party to the other and each party will pay their own counsel fees. The alimony pendente lite or spousal support order which is currently in effect, payable from Sandra Marsh to Robert Marsh, shall be terminated upon the entry of a divorce decree and the arrears, if any, due at that time, shall be paid in full. Except as herein otherwise provided, each party may dispose of his or her property in any way and each party hereby waives and relinquishes any and all rights he or she may now have or hereafter acquire under the present or future laws of any jurisdiction to share in the property or the estate of the other as a result of the marital relationship including without limitation, statutory allowance, widow's allowance, right of intestacy, right to take against the will of the other, and right to act as administrator or executor in the other's estate. Each will at the request of the other execute, acknowledge, and deliver any and all instruments which may be necessary or advisable to carry into effect this mutual waiver and relinquishment of all such interest, rights, and claims. 3 THE MASTER: Mrs. Marsh, you understand that we are going to attach to the agreement a joint exhibit which sets forth the assets, how they are being distributed and the value of those assets. You are going to be asked to initial the exhibit as an acknowledgment that you have looked at it and are in agreement with it. You understand that? MRS. MARSH: Yes. THE MASTER: Otherwise, you have heard Mr. Braderman state that all claims for counsel fees and costs and alimony are waived or withdrawn, do you agree with that? MRS. MARSH: Yes. THE MASTER: Do you agree with this settlement as set forth on the exhibit which is going to attached, which you have seen a copy of? MRS. MARSH: Yes. THE MASTER: Do you have any questions? MRS. MARSH: No. THE MASTER: And you are satisfied that the resolution of the issue of equitable distribution today will resolve all claims relating to the divorce case? MRS. MARSH: Yes. THE MASTER: Mr. Marsh, you have heard the questions that I have asked your wife? MR. MARSH: Yes, sir. 4 THE MASTER: Do you understand the terms of the settlement and that we are going to have a joint exhibit attached which I am going to ask that you initial, that you have looked at, and read it? MR. MARSH: Yes, sir. THE MASTER: And you've seen and talked to your counsel about the content of the exhibit; are you satisfied that you understand it? MR. MARSH: Yes. THE MASTER: And you are willing to resolve all claims today by the entry of this agreement on the record? MR. MARSH: Yes. THE MASTER: Mrs. Marsh, do you understand also that any support action or alimony pendente lite action will be terminated upon the entry of a decree in divorce? MRS. MARSH: Yes. THE MASTER: And, likewise, Mr. Marsh, do you understand that the support or alimony pendente lite action will be terminated and if there are any arrearages, they will be payable by wife? MR. MARSH: Yes. I acknowledge that I have read the above stipulation and agreement, that I understand the terms of 5 settlement as set forth herein, and that by signing below I ratify and affirm the agreement previously made and intend to bind myself to the settlement as a contract obligating myself to the terms of settlement and subjecting myself to the methods and procedures of enforcement which may be imposed by law and in particular Section 3105 of the Domestic Relations Code. WITNESS: Jay ./ B/rderman 4ktgfrney/for Plaintiff K&nnlor Spa(rler Atto ey Defendant DATE: l? andra Marsh bert rsh 6 DOM: 1/22/1972 DOS: 11/ 02/ 2003 SANDY J. MARSH V. ROBERT MARSH H's DOB: 11/6/1947 W's DOB: 1/30/1950 Most Current Ex.# ASSETS DOS Value Value Husband Wife RFft? . 1420 YOCUMTOWN ROAD, ETTE , PA (DO appraisal 11/2/03 and most current appraisal dated 1 12/31/05) 140,000 168,000 168,000 Home quay Loan current balance as o 3/29/2006 (Husband makes payment o $392.76/month). "DOS Value" balance date 8/27/05 -28,358 -24,078 -24,078 Vacant lot on Yocumtown Rd - included in Deed of Residence 2001 Chevy Tahoe - NADA value as o 11/2003 2a (If) 18,175 15,000 15,000 Chevy Impala - Leased Vehicle through Capital 2b Tool & Manufacturing & Wife Boat & Trailer - LISTED ON W'S PRE-TRIAL STATEMENT. 8,000 8,000 BKAC,Ca, ?' . Savings - M&T BANK Acct #18845 (Jt) Wife 6 closed this account in 2005 14,870 13,000 1,870 5 Checking - A Wife claims Husband retained funds 2,000 2,000 I WIVRA11 :: . PRUDENTIAL FINANCIAL LIFE # R1094 400 9a (II) Cash Value 1/5/04 11,866 13,891 13,891 PRUDENTIAL FINANCIAL LIFE # 2512 9b 4692 (H) Cash Value 11/16/05 3,551 3,551 PRUDENTIAL FINANCIAL LIFE # 25 449 9c 261 (H) Cash Value 11/16/05 9,108 9,108 PRUDENTIAL FINANCIAL LIFE # Z10-865- 734 (H) Term Life policy (H believes this is a 9d policy for his sons, and is to provide information) PRUDENTIAL FINANCIAL LIFE # D47 467 9e 881 (H) Cash Value 11/16105 2,456 2,456 PRUDENTIAL FINANCIAL LIFE # D80 065 9f 185 (H) Cash Value 11/16105 6,493 6,493 BI SPV S "S CAPITOL TOOL & MANUFACTURING CO., 15a INC (TBD) 429429A Old York Rd, New Cumberland (W & Brother) Current appraisal dated 1012006 Increase in value $255.000.00 at Wife's 50% 15b interest. 4 Old 127,500 127,500 35 York Road, New um er an Brother) (TBD) W's Pre-Trial Statement i ndicates an appraisal date of 111412003. Current apraisal dated 1012006. Increase in value 15c x'41,500.00 at Wife's 50% interest 20,750 20,750 DOM: 1/22/1972 DOS: 11/ 02/ 2003 SANDY J. MARSH V. ROBERT MARSH H's DOB: 11/6/1947 W's DOB: 1/30/1950 ?'?,R? ? `E11fT?S , PRUDENTIAL FINANCIAL IRA #EO 141417 19a (H) (1/01104) 45,030 45,030 45,030 PRINCIPLE FINANCIAL GROUP IRA #0557 (W) Cashed in 2005 part of the funds were used for renovations of non-marital house (435 Old York Rd) and a portion of the funds used to purchase a vehicle. 19b "Advance distribution" 16,788 16,788 PRINCIPLE FINANCIAL GROUP IRA #4500010548 (H) (1/01/04), most current statement 19c is dated 9/30/05 5,675 7,853 7,853 CHARLES SCHWAB #5938 4300 (W) Charles Schwab, and shares of stock in Gartmore Worldwide, T Rowe Price Science, Vanguard Health Care FD, and Westport Select Cap FD all cashed-in and lent to Capital Tool. STIPULATED TO 19d VAL UE ALL 0 CA TED TO WIFE 45,770 45,770 GARTMORE WORLDWIDE 244.84 shares (sold 10/7/04) (W) T ROWE PRICE SCIENCE 46.11 shares (sold 10/7/04) (w) VANGUARD HEALTH CARE FD 108.77 shares (sold 10/7/04) (w) WESTPORT SELECT CAP FD 202.52 shares (sold 1 10/7/04) (w) Tyco Retirement Savings & Investment #MG 19e 1 90522A 9/30/05 (I) 2,145 2,145 DuPont Company 6/11/05 (H) Stock (54 19f shares) dividends 39 39 19 Prudential Trust IRA #6376 9/30/05 (H) 52,709 52,709 Tyco Stock - indicated on s Pre-Trio Statement (H) (We have no information on this asset and client is to provide information) Wife's life insurance 3,060 3,060 TOTAL 192,388 540,935 3253,197 215,738 60/40 Distribution in favor of Husband 324,561 216,374 636 -636 Sandra Marsh ' .a . Date - ( T t Robert Marsh 6 /?,r? Date Z - 4- e Z C` ' ?D + IN THE COURT OF COMMON PLEAS + OF CUMBERLAND COUNTY + + STATE OF PENNA. + + + SANDRA MARSH =y' + 04-314 CIVIL TERM PLAINTIFF N 0 + + . + VERSUS + + ROBERT MARSH EEF'ENDANT + DECREE IN + + + + + DIVORCE + + + + ? - + + AND NOW, Tot Io V-- IT IS ORDERED AND + + SANDRA MARSH + + DECREED THAT PLAINTIFF, + ROBERT MARSH + AND DEFENDANT, + + ARE DIVORCED FROM THE BONDS OF MATRIMONY. THE COURT RETAINS JURISDICTION OF THE FOLLOWING CLAIMS WHICH HAVE + + BEEN RAISED OF RECORD IN THIS ACTION FOR WHICH A FINAL ORDER HAS NOT + + YET BEEN ENTERED; + NONE + + + + + BY T Co + + + + ATTEST: J. + + PROTHONOTARY ? ?? ?.?? ? rte'- ?l ,a?, .. Jay R. Braderman, Esquire Attorney lb. No. 07047 126 Locust Street P. O. Box 11489 Harrisburg, PA 17108-1489 Tel: (717) 232-6600 Fax: (717) 238-3816 E-mail: jbraderman@thewiselawyer.com Attorney for Plaintiff SANDRA MARSH, IN THE COURT OF COMMON PLEAS Plaintiff CUMBERLAND COUNTY, PENNSYLVANIA vs. : NO. 04-314 CIVIL TERM ROBERT MARSH, : CIVIL ACTION -LAW Defendant : IN DIVORCE NOTICE TO RESUME PRIOR SURNAME Notice is hereby given that the Plaintiff in the above matter hereby elects to resume the prior surname of SANDRA JANE MATHIAS, and gives this written notice avowing her intention pursuant to the provisions of 54 P.S. 704. Date: / /9Z /0.e_ G? B G?i2 i SANDRA MARSH ja?a- (?4? 7' &&G' L SANDRA NE MATHIAS COMMONWEALTH OF ENNSYLVANIA ) COUNTY OF 1 F i On the of04,61,101 , 2006 before me, the Prothonotary or the notary public, personally appeared the above affiant known to me to be the person whose name is subscribed to the within document and acknowledged that she executed the foregoing for the purpose therein contained. In Witness Whereof, I have hereunto set my hand and official seal. COMMONWEALTH OF PENNSYLVANIA Notarial Seal Glenda Jo Cheppo, Notary public Fairview Twp., York County r7- My commission Expires Oct. 20,2M a ublic Member, Pennsvlvanu, rAssociation of Notaries 17 rn LP