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Home My WebLink About04-25-08t y 1505604114.7 REV-1500 oc cos-o5~ oFF~cuu: usE O~,~Y PA Department of Reveriue ca.ry c«ie veer File Number Bureau of Individual-Taxes INHERITANCE TAX RETURN Po Box.28oso1 21 0 7 0 7 6 9 Harrisburg, PA, 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Securfty Number Date'of Death Date of Birth 2fl2 20 2721 07 25 :2007 03 1'2` 1929 Decedent's Last Name -SufPoc Decedents Frst Name Mi - GRAY. DONALD A (If Applicable) Errter Surviving Spouse's nforrnation' Below Spouse's Last Name Suffer Spouse's First Name MI Spouse's Soaal Security Number THIS. RETURN. MUST BE;FILED IN DUPLICATE WITH THE REGISTER OF WILLS FlLL IN APPROPRIATE OVALS BELOW 1. Original Retum ~ 2: Supplemental Retum. ~ 3, Remainder Retum (date of death prior to t2-13-82} 4. Limited Estate.. ~ 4a. F"a7B irpered< ~0O1aO1~ ~ 5. Federal L_state Tax Retum Required (date of death aRer 12-12ffi) e, Decederd Deed Testate ~ 7. t ~ a^~ ~^a T~ ~, 8. Tokat Number of Safe Deposit Boxes (Attach COPY d V1fitl) 9. Litigation Proceeds Received ~ 10• i2~1 Car~W t-1~~ death ~ 11.Election to tax under SeC. 9113(A) (AttactiY$Ch. 0) CORRESPONDENT- TH13 3ECTiON MU3TBE COA~LETED. ALL CORRESPONDENCE AND CONFIDENTUIL.TAX MFORMATiON SHOULD BE DNtECTED TO: Name.. Daytlrne Telsphatte:Number. ..JAMES D . BOGAR 717 73'~-~ 8761 Flrm.Name (If Applicable) ~-~- REGISTER OF NII~ISXISE O1itLY BOGAR & HIPP LAW OFFICES' ~~. ~. .. . Flrst lint3 of address ~~ ~r4 ONE WEST-::MAIN STREET ~`~ ;rte ~' ~~ ~.~ Second line of address . ~ --+ ~ ~} r, City or Post Offke DATE FlLED State ~1P Code SHIREMANSTOWN PA` 17011 Corr+espondent's a-malt address: ' Under penalties of perjury, I declare that i have examined this return, indudirlg aocompanytng si~edules and statements, and to the best of myknoNAedge and belief, : it is true, oprrect and complete. Declaration of preparer other than-the personal representative: rs-based on all: information of which preparer has any knowledge. TllRE OF PERSON RES SIBLE FtM FILING-RETURN DATE . r Terri Y Kaptain , formerly Terri Les ~ I~/O -Berke ADDRESS 122 Forest Hills Road, Red Lion, PA 17356 ` 81GNA PREP ER TWW REPRESENTATIVE pA7E James D. -Boger ~ Z (~~ ADORE One-West-Main ,:Shiremanstown, PA 17011 _ Side 1 15056041147 15056041147 J PA Iinheeitance Tax :Return Signature of Additional Fiduciaries ESTATE OF FILE NUMBER Gray, Donald A. Z1-07-769 UnderpenattieS of perjury, I deda~e that f haveexamined this return, including acxompanying schedules and staberr~ents, and to the best of my knowledge and belief, it is flue, coned and cwmplete. Declaration of prepares other than the personal; representative is based on all information of which prepanr-has any knowledge. Signature #Z ~ ~~ Name Steven D.-Gray Addretss1 6479 Nlhsatley Road AddressZ City, State, Zip Federalsburg..[t#D 21632. Date L~ 1 ~ ` d ~ r 15056042148 REV-1500 EX Decedent's Social Security Number Decedenrs Name: D o n a I d A. Gray 2 0 2 2 0 2 7 21 RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... ... 1. 1 4 6, 0 0 0 0 0 2. Stocks and Bonds (Schedule B) ............................................................................. .. 2. 3. Closely Heid Corporation, Partnership or Sole-Proprietorship (Schedule C)........ .. 3. 4. Mortgages & Notes Receivable (Schedule D) ........................................................ .. 4. 5• Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) .............. .. 5. 4 0 , 0 2 1 3 0 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested ........... .. 6. 1 , 4 91.3 0 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested ........... .. 7. 8. Total Gross Assets (total Lines 1-7) ..................................................................... .. 8. 1 8 7 , 512.6 0 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... .. 9. 1 8 , 4 2 0 . 4 5 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............................. .. 10. 7 , 8 0 3 8 0 11. Total Deductions (total Lines 9 & 10) .................................................................... .. 11. 2 6 , 2 2 4 . 2 5 12. Net Value of Estate (Line 8 minus Line 11) ........................................................... .. 12. 1 6 1 , 2 8 8 . 3 5 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ................................................ . 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ................................................ . 14. 1 6 1 , 2 8 8 3 5 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) x .o0 0. 0 0 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate x .045 161 , 2 8 8. 3 5 16. 7, 2 5 7. 9 8 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18 0. 0 0 19. Tax Due .................................................................................................................... . 19. 7, 2 5 7 9 8 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 15D56042148 15056D4214B s REV-1500 EX Page 3 rli.wsilnnf~c f_mm~lc+~ ~fIfI~P_CS' File Number 21-07-0769 DECEDENT'S NAME Donald A. Gray STREET ADDRESS 903 Allendale Road CITY .STATE 'ZIP Mechanicsburg PA I 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit g, Prior Payments C. Discount 3. Interest/Penalty if applicable p, Interest E. Penalty 6,583.50 346.50 Total Credits (A + B + C) (1) 7,257.98 (2) 6,930.00 Total InteresUPenalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 Line 20 to request a refund 5, If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A, Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT (3) (4) (5) 327.98 (5A) (5B> 327.98 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes iiN--o11 a. retain the use or income of the property transferred ::................................................................................. ^ U b. retain the right to designate who shat! use the property transferred or its income :.................................... ^ ,^x c. retain a reversionary interest; or .................................................................................................................. x d. receive the promise for life of either payments, benefits or care? .............................................................. ^ 0 2. If death occurred after December 1 Z, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................................................... ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... ^ x 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which ^ ^ contains a beneficiary designation? ...................................................................................................................... IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after Juty 1, 1994 ana before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (aj (1 )]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3}]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. x ' i 48500047,046 ~j REV-485 EX (05-04) SAFE DEPOSIT BOX INVENTORY PA Department of Revenue PLEkSE USE ORIGffYAL FORM Of3LY Social Security or Death Certificate Number Date of Death County Code Year File Number 2 0 2 2 0 2 7 2 1 0 7 2. 5 2 Q 0 7 ~. ~ ~£ ~~ "~' (~ Decedent's-Last Name Suffix First Name MI wuurct~s ur utctutN I s l tttt L' CITY: STATE: ZIP CODE: 903 Allendale Road Mechanicsburg PA 17055 NAME AND ADDRESS OF PERSON REQUESTING THE OPENING OF TH E SAFE DEPOSIT BOX NAME: STREET ADDRESS: CITY: STATE: ZIP CODE: NAME, ADDRESS AND RELATIONSHIP (IF ANY) TO DECEDENT, OF PERSON(S) PRESENT AT THE BOX OPENING a. NAME: RELATIONSHIP: James D Boe~ar Esauire None STREET ADDRESS: CITY: STATE: ZIP CODE: One West Main Street Shiremanstown PA ~ 1'7011 ' b. NAME: _ ° ° . ~ RELATI©t3:SHIP: ' Terri L. Kaptain Daughter ._ STREET ADDRESS: ~ CITY: ` ' STATE: ZIP CODE: 122 Forest Hills Road -. Red Lion PA 1735G c. NAME: RELATIONSHIP: Steven D. Grav Son STREET ADDRESS: ~ ~ CITY: STATE: ZIP CODE: I G479 Wheatle Road ' ~ Federalsbur MD 21G32 NAME AND ADDRESS OF FINANCIAL INSTITUTIOA! WHERE THE. SAFE DEPOSIT BOX.IS LOCATED " NAME: M & T Bank ~. STREET ADDRESS: CITY: STATE: ZIP CODE: 3805 Trindle Road Cam Hill PA 17011 e NAME OF PERSON MAKING LAST ENTRY DATE AND TIME OF LAST ENTP,Y i~. ~ ~ l Z,~ ~ A ~ (~.F~6 L~.(Tv DATE OF CONTRAC T TO R ENT BOX NUMBER O F B OX ! TI T LE UN D ER WHICH BOX IS REQUESTED ~~ ;aa ~~ gg 99 ,, p a' G~~'D tai gv-b ~ (( ~~ ~ ~~p &9 ~ecv~ ~ . ~~ ~. NAME AND ADDP.ESS OF PEPSON(S) HAVING ACCESS TO BOX a. NAME: ,,{{~~ /~ ~1. Ef~T r'~.~s( b. NAME: STREETADDRESl~S,: • ,~~ ~~~~ t~tJ~~.'~ ~ n~~ STREET ADDRESS: CITY: ~~~~. STATE: ZIP CODE: CITY: STATE: ZIP CODE: ' i t 2E~~~. NAME AND TITLE OF EMPLOYE TAKING THE INVENTORY WAS A WILL IN THE BOX? ^ YES ~ NO If yes, a. Date of will: b. Name and address of personal representative, if named in the will NAME: f ~~, Q:~~a ~ ' STREET ADDRESS: ~ CITY: STATE: LIP CODE: 1 C~ ~ ~~ ~ ~ ~ ~'~ r~a..~ ~.~, l ~ ~ t, Zr~s ~ 1 ~ c. Name and address of att~rn ~ if any NAME: ~ .'~ b'.~ 4. , ,~, ~' STREET ADDRESS: CITY: STATE: ZIP CODE: 48500041,046 48500041046 a~Ei.~~ ~~~~~~~ ~~~ ~~~~~~~ Page f of ~ REV-4155 EX INSTRUCTfQNS (1) Cash: Report total only. (2) Stocks: List in detail every common or preferred certificate, warrant or other rights found in box. Stocks are to be designated by name of company, certificate number, date of certificate, name in which stock is registered, and number of shares and class of stock. (3) Obligations of U.S. Government: Number of items, date of issue, face value, names in which registered and type of ownership, i.e., jointly held, payable on death, etc. (4) Bonds: Designate by name, amount, serial number, or other designation. (Bearer Bonds) (5) Bank and Savings and Loan Passbooks: State name of depositor, number of book, last date appearing in book, name of bank and branch, and balance. (6) Jewelry, Coins, Stamps, Manuscripts, etc: List and describe as fully as possible. (7) Deeds, Mortgages, Current Insurance Policies or other evidences of indebtedness: List and describe as fully as possible. (S) All other contents. (9) Return completed form to: DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT. 260601 HARRISBURG, PA 17128-0601 ITEM NO. ITEM DESCRIPTION ~' C"~l ~~.p'a DVS ~~~~~~~ . C dc.e lt'~'@~.~ C' ~ ~ ~'~ ~ .I%t~ t D '~ 7 f-~ 2 (~ ~ ~ ~~mZ'l 'Z gy ~_ nn ~n1~. ~n ~f.~s~.17" '~ S ~ ~.© I~ v3 ~~~ ~r~~ ~ ~, (~ ~ -~ ~~® ~0 3 E~ ~ .~ ~~ - .: ,, ~wk.. . .. !CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE RECORD IS CORRECT A ~ COMPLETE TO THE BEST OF MY KNOWLEDGE AND BELIEF. PERSON RECEIVING COPY OF SAFE DEPOSIT BOk INVENTORY: I SIGNATUR ~ (`/ ~/ S NATURE ~ .. PRINT NAIv1E ( + ~FF~' • ~~GdtY 401. ~. RINT NAME A/ND {C~/H ~CK//,A~PpP'ROPRIATE BOX BEL~O AWE: (1 ~'~,~' `~j iv. I~IL~fL~ C44.~' G ~ [l~dT~'../ • 'aC PRINT TITLE n ~ ~~~ ~~~ ~ ~~ ~ T ~ (.~ > ~ DATE ~( ~~ ~(., ~, L [~ r CHECK APPROPP.IATE 3 X: '~ ~ Executor(trix) ~ Administrator(trix) ~ Estate Representative ~ Joint owner of safe deposit box t~QTE: attach addt't'EORaI 8'/~' x 44" beet(s) if necessary or use duplicates of this page of form. The Depa~iment is authorized bylaw, 42 U.S.C. §405 (c)(2)(C)(i), to require disclosure of Social Security numbers in connection with administering state tax laws. The Department uses the Social Security number to identify the decedent and personal representatives of the estate. The Commonwealth may also use the inrormation in exchange or tax information agreements with Federal and local taring authorities. The state law prohibits the Commonwealth's personnel from disclosing confidential tax information except for official purposes. t Rev-1502 EX+ (5.98 SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERRANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gray, Donald A. 21-07-0769 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointlyowned with right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH Real Estate -All those two (2) certain pieces or parcels of land collectively known and numbered as 903 Allendale Road, Mechanicsburg, Pennsylvania 17055. The property was acquired by Donald A. Gray and Marguerite G. Gray, his wife, by deeds dated December 3, 1962 and July 24, 1971, and recorded in the Cumberland County Recorder of Deeds Office in Deed Book "S", Vol. 20, Page 528 and Deed Book "F", Vol. 24, Page 440 respectively. The said Marguerite G. Gray died November 7, 1998, whereupon full and complete title to the within described real property became vested solely in Donald A. Gray, the Decedent herein. The date of death value of said property has been determined pursuant to an Appraisal of Real Property performed by Dennis L. Shover, Certified Real Estate Appraiser. A copy of said Appraisal, containing copies of the above-referenced deeds, is attached hereto and incorporated herein. The value of said property is $146,000.00. 146,000.00 TOTAL (Also enter on Line 1, Recapitulation) ~ 146,000.00 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 6-98) Pa a #1 APPRAISAL ©F REAL PROPERTY LOCATED AT: 903 Allendale Rd 17055 Mechanicsburg, PA 17055-6645 FOR: James D. Bogar, Attorney at Law AS OF: 7-zs-o7 BY: Dennis L. Stover PA Certified Residential Real Estate Appraiser Certification Number RL 136906 Clauser Real Estate Appraisals PO Box 777 Camp Hill, PA 17001-0777 Form GA1 - "WinTOTAL" appraisal software 6y a la mode, inc. -1.800-ALAMODE Pa a #2 Re: Property: 903 Allendale Rd Mechanicsburg, PA 17055-6645 Borrower: The Estate of Donald A. Gray File No.: 7-1002 R-3 In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership. This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and limiting conditions attached. It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional service to you. Sincerely, Dennis L. Stover PA State Certified Residential Real Estate Appraiser Certification Number RL 138906 r t Borrower/Client The Estate of Donald A. Gra File No. 7-1002 R-3 Pro a Address 903 Allendale Rd City Mechanicsbur County Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attome at Law TABLE OF CONTENTS Cover Page ................................................ Letter of Transmittal ................................... Summary of Salient Features ...................... USPAP Identification .................................. General Purpose Residential ...................... Subject Photos ........................................... Subject Photos Interior ................................ Subject Photos Interior ................................ Subject Photos Interior ................................ Subject Photos Interior ................................ Subject Photos Interior ................................ Building Sketch (Page -1) .......................... Deed ........................................................... Deed ........................................................... Deed ........................................................... Comparable Photos 1.3 .............................. Location Map .............................................. Statement of Limiting Conditions ................ Appraisal Addendum -Special Conditions ... Electronic Signaturre Compliance ................ Certificate .................................................... ....................................... 1 .......................................... 2 ........................................... 3 .......................................... 4 ........................................... 5 ........................................... 8 ........................................... 9 ........................................... 1 D ........................................... 11 ........................................... 12 .......................................... 13 ........................................ 14 ......................................... 15 ......................................... 16 ........................................ 17 .......................................... 18 .......................................... 19 ......................................... 20 .......................................... 22 .......................................... 23 ........................................... 24 Form TOCNP - "WinTOTAI" appraisal software by a la mode, inc. - 1-800-ALAMODE Pa a #3 SUMMARY OF SALIENT FEATURES Subject Address 903 Allendale Rd Legal Description 17055 City Mechanicsburg County Cumberland State PA Zip Code 17055-6645 Census Tract 42041-0116.01-1 Map Reference 25420 Sale Price $ NA Date of Sale NA Borrower/Client The Estate of Donald A. Gray Lender James D. Bogor, Attorney at Law Size (Square Feet) 1,411 Price per Square Foot $ Location Suburban Age 50 Condition Avg Total Rooms 7 Bedrooms 3 Baths 1 Appraiser Dennis L. Stover Date of Appraised Value 10-6-07 Final Estimate of Value $ 146,000 Farm SSD - "WinTOTAL"appraisal software by a la mode, inc. -1-800-ALAMODE GEORGE CLAUSER Pa a #4 BorrowedClient The Estate of Donald A. Gra rue no. 7-1002 R-3 Pro a Address 903 Allendale Rd Gift' Mechanicsbur Coun Cumberland State Pq Zi Cade 17055-6645 Lender James D. Bo ar, Attome at Law PA This Appraisal Report is one of the following types: 1^ Self Contained (A written report prepared under Standards Rule ies D. Br, persuant to the Scope of Work, as disclosed elsewhere in this report.) ® Summary (A written report prepared under Standards Rule 2-2(b) , persuant to the Scope of Work, as disclosed elsewhere in this report.) ^ Restricted Use (A written report prepared under Standards Rule 2-2(c) , persuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) Borrower/Client I certify that, to the best of my knowledge and belief: • The statements of fact contained in this report are true and correct. • The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or the specified) personal interest with respect tc the parties involved. I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. • My compensation for completing this assignment is not contingent upon the development or reportng of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. • My analyses, opinions and conclusions were developed and this report has been prepared, in conformity wRh the Uniform Standards of Professional Appraisal Practice. I have made a personal inspection of the property that is the subject of this report. • No one provided significant real property appraisal assistance to the person signing this certification. (If there are exceptions, the name of each individual providing significant real properly appraisal assistance is stated elsewhere in this report.) Comments on Appraisal and Report Identification Note any USPAP related issues requiring disclosure and any State mandated requirements: SCOPE OF WORK The sco a of work for this a raisal is defined b the com !exit of this a sisal assi nment and the re ortin re uirements of this a sisal form includin the definition of market value a statement of assum lions and limitin conditions and certifications. The a raiser has at a minimum: 1 erformed a com lete visual ins ection of the interior and exterior areas of the sub'ect roe 2 ins ected the nei hborhood 3 ins ected each of the com arable sales from at (east the street, 4 researched, verified, and anal ed data from reliable ublic and/or rivate sources, and 5 has re orted his anal sis o inions, and conclusions in this a raisal re rt The a raisal is based on the information athered b the a raiser from ublic records other identified sources ins ection of the sub'ect roe and nei hborhood and selection of com arable sales within the sub'ect market area. The on final source of the com ambles is shown in the Data source section of the market rid alon with the source of confirmation if available. The on final source is resented first. The sources and data are considered reliable. When conflictin information was rovided, the source deemed most reliable has been used. Data believed to be unreliable was not included in the re ort, nor used as a basis for the valuation conclusion. APPRAISER: Signature: Name: Dennis L. Stover Date Signed: 10-10-07 State Certification #: RL 138906 or State License #: State: PA Expiration Date of Certification or License: 6/30!2009 Effective Date of Appraisal: S19PERVISORY APPRAISER (only if required): Signature Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: Supervisory Appraiser inspection of Subject Properly: ^ Did Not ^ Extedor-only from street ^ Interior and Exterior Form ID06 - °WinTOTAL" appraisal software by a la made, inc. -1-80D•ALAMODE GEORGE CLAUSER RFSInENTIAL APPRAISAL SUMMARY REPORT Summary Report File No.: 7-1002 R-3 Pa a #5 . Prc e. Address 903 Allendale Rd Ci : Mechanicsbur State: PA Zip Code: 17055-6645 F County: Cumberland Legal Description: 17055 U m Assessor's Parcel #: 42-24-0791-001 Tax Year: 07-08 R.E. Taxes: $ 1,551 S ecial Assessments: $ NA ~ Current Owner of Record: The Estate of Donald A. Gra Occupant: ®Owner Tenant Vacant Manufactured Housin H ProectType: PUD Condominium Cooperative Other tlescdbe HOA:$ NA er ear ermonth Market Area Name: U er Allen Townshi Map Reference: 25420 Census Tract: 42041-0116.01-1 The ur ose of this appraisal is tc develo an o inion of: Market Value as defined , or other a of value describe This report reflects the tollowin value ii not Current, see comments : Current the Inspection Date is the Effective Date ®RetrospectNe Prospective i Approaches developed for this appraisal: Sales Comparison Ap roach Cost Ap roach Income A roach See Reconciliation Comments and Sco a of Work ~ Pro a Ri hts A raised: Fee Sim le I Leasehold ^ Leased Fee Dther describe ~ w Intended Use: The intended use of this appraisal report is for the client to evaluate the property that is the subject of this appraisal to establish a fair market value. Q Intended Users by name or type : The intended user of this a raisal re ort is the client and no other users are intended. Client: James D. Bo ar Attorne at Law Address: 1 West Main St. Shiremanstown PA 17011 Appraiser: Dennis L. Stover Address: P. O. Box 777, Cam Hill, PA 17001-0777 Location: Urban ®Suburban Rural Built up: ^ Over 75% ®25-75% ^ Under 25% Predominant Occupancy One-Unit Housing PRICE AGE Present Land Use One-Unit 80 % Change in Land Use ^ Not Likely Z Growlh rate: ^ Rapid ®Stable ^ Slow ~ Owner $(000) (yrs) 2.4 Untt 5 % ^ Likely • ®In Process O Property values: ®Increasing ^Stable ^ Declining ^ Tenant 70 Law 0 Mutti-Unit 5 % * Tc: vacant land to a Demandlsupply: ®Shortage ^ In Balance ^ Dver Supply ®Vacant (0-5%) 850 High 150 Comm'I 5 % residential development Marketing time: ®Under 3 Mos. ^ 3-6 Mos. ^ Over 6 Mos. ^Vacant > 5% 145 Pretl 35 Vacant 5 % w o Market Area Boundaries, Description, and Market Conditions (including supportfor the above characteristics and trends): Market conditions in the subject neighborhood are considered moderately active with low mortgaqe interest rates being the primary catalyst. Sales in recent weeks have been w moderately active Approximately 5 houses of various styles are for sale within 5 miles and are in competition with the subject. Typical a financing for residential properties includes 80°/ to 90 % loan 1-3 points 5.5-6.5% mortgaqe interest rates for up to 30 years. Typical w Y marketing time is between 30 and 90 days. a Dimensions: See Attached Deeds Site Area: .43 Acres ^ Corner Lot Cul de Sac Zoning Classification: R-3 Description: High Density Residential Zonin Compliance: ~I Le al ^ Legal nonconforming grandfathered ~ Illegal ^ No zoning Topography Avg Size Av ~ ~ Utilities Puhlic Other Description Electricity ® ^ Public Gas ^ ^ NA Water ^ ® Well Sanitary Sewer ^ ~ Septic Storm Sewer ^ NA Off-site Improvements Type Puhlic Private Street Macadam ® ^ CurblGutter NA ^ ^ Sidewalk NA ^ ^ Street Lights NA ^ ^ Alle NA ^ ^ Shape Rectangular Drainage Av View qv Landscaping Av y FEMA Spec'I Flood Hatard Area ^ Yes ~ No FEMA Flood Zone C FEMA Map # 42037200050 FEMA Map Date 2/15/1980 c w N Highest & Best Use as improved: ®Present use, or ^ Other use (explain) Actual Use as of Effective Date: Residential Use as appraised in this report: Residential Summary of Highest & Best Use: The highest and best use of the subject is the present use. Site Comments: There are no apparent easements, encroachments special assessments, slide areas or illegal or legal nonconforming uses known. General Description # of Units One ^ Acc.Unit Exterior Description Foundation ConcrBlock Foundation Slab 0 Basement None Area Sq. Ft. 729 Heating Type FWA # of Stories One Exterior Walls Aluminum Crawl Space Crawl S ace % Fnished 0 Fuel Oil Type ®Det. ^ Att. ^ Roof Surface FGlShn I Basement Partial Ceiling O en Design (Style) Ranch ~ Existing ^ Proposed ^ Und.Cans. Actual Age (Yrs.) 50 Gutters & Dwnspts. Aluminum Window Type DblHun Storm/Screens Screens Sump Pump ^ Dampness i= i No Evidenc Settlement No Evidence Walls Block Floor Concrete Outside Entry NA Cooling Central CA Other NA H Effective Age fs. 30 Infestation No Evidence w w 0 Interior Description Floors C t/Vin/BlkTile Walls Plaster/Panel Appliances Refrigerator ^ Range/Oven ® Attic None ^ Stairs ^ Amenities Fireplace(s) # NA Woodstove(s) # Patic NA Car Storage ^ None Garage # of cars ( 8 Tot.) Attach. NA a TriMFinish Wood Disposal ^ Drop Stair ® Deck NA Detach. 4 ~ Bath Floor Vin I Dishwasher ^ Scuttle ^ Porch Front/Side Blt.-In NA = Bath Wainscot Fiber lass FanlHood ^ Floor ^ Fence NA Carport NA ~ Doors Wood Microwave ^ Heated ^ Pool NA Driveway 4 p Washer/Dryer ^ Finished ^ Surface Stone/Dirt 0 Finished area above grade contains: 7 Rooms 3 Bedrooms 1 Bath(s) 1,411 Square Feet of Gross Living Area Above Grade F= Additional features: Dwelling is in fair to average condition. Please see photos. n. z U y o Describe the condition of the property (including physical, functional and external ohsolescence): Subject is a ranch style dwelling. Physical: Depreciation due to age and condition Functional None External• No adverse locational features noted This report is NOT a home inspection and the appraiser only performed a visual inspection of accessible area and that the appraisal cannot be relied upon to disclose conditions and/or defects in the property. (~~~ ~~ ~ '4 ~p /n n ~°PY~9m~ mur oy a is mope, inc. i ms corm may oe repraaucea unmoamee wimout written permission. however, a la mode, inc. must he aclmowledged and credited. l~ 1 r u^'S',~~~ ~~~~?~ ~ uG=~i;~ Form GPRES - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE 1/2007 elceinGAlTiei eppR~ISAI SUMMARY REPORT Summary Report File Ne_: 7-1002 R-3 Pa a #6 ~ My research ^ did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data Sources : CCTAO O 1st Prior Subject Sale/Transfer Analysis of Sale/Transfer History : v~i Date: Not in the last = Price: three ears. w Sources : CCTAO z 2nd Prior Subject Sale/Transfer Date: ~ Price: Sources SALES COMPARISON APPROACH TO VALUE (if devela a (_i The Sales Comparison Approach was not developed for this appraisal. FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 903 Allendale Rd Mechanicsbur , PA 17055-6645 313 Mt. Allen Dr. Mechanicsbur 15 Kim Acres Dr. Mechanicsbur 729 Grantham Rd. Mechanicsbur Proximi to Subject 1.8 miles SE 2.11 miles SE 3.65 miles S Sale Price $ NA $ 163 000 $ 159,000 $ 147,000 Sale PricelGLA $ /sq.ft. $ 135.38 /sq.tt. $ 141.96 /sq.ft. $ 121.89/sq.ft Data Sources Ins ection CPML, Courthouse, Realtor CPML, Courthouse Realtor CPML Courthouse, Realtor Verification Sources NA Realtor Realtor Realtor VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. Sales or Financing Concessions NA NA Conventional None Known Conventional None Known Conventional None Known Rights Appraised Fee Sim le Fee Sim le ~ Fee Sim le Fee Sim le Date of Sale/Time NA 5/11/07 MT 5 ~ 10/31/06 MT 26 +2,500 10116/06 MT 1 +2 500 Location Suburban Suburban Suburban Suburban Site .43 Acres .29 Acres +2,500 .24 Acres +2 500 .28 Acres +2 500 View Av E ual E ual E ual Design S le Ranch Ranch ~ Ranch Ranch Quali of Construction Av Av Av Av Actual A e 50 47 I 45 57 Condition Av Su erior -15,000 Su erior -15,000 Su erior -10,000 Above Grade Total Bdnns. Baths Total ~ Bdrrns. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 7 3 1 5 3 1.5 -2,000 5 2 1 6 3 1 Gross Living Area 1,411 sq.ff. 1,204 sq.ft.i +3,105 1 120 sq.ft. +4 365 1 206 s .ft. +3 075 Basemem & Finished Rooms Below Grade Partial Unfinished Stora elMechanicals Full Unfinished Stora a/Mechanicalsi -4,000 Full Part Finished FR/Stora a -6 000 Full Part Finished RR/Bath/Stora a -7 000 Functional Util' Av Av Av Av Heating/Cooling OFWA/CA OFWAlCA OHW/CA OFWA/NoCA +3 000 = Energ Efficient Items Insulation Insulation Insulation Insulation Q Garage/Carport 4 Car Detached 1 Car Attached ! +3,000 1 Car Attached +3 000 1 Car Car rt +4,000 ~ n. Parch/PatielDeck FronUSide Porches Sunroom -1,000 Sunroom -1 000 NA +500 a Z O ~ i a I ~ NetAd'ustment otal ^ + ®- $ -13,395 ^ + ®- $ -9,635 ^ + !~ - $ -1 425 ~ m Adjusted Sale Price of Comparables $ 149,605 $ 149,365 $ 145,575 a ~ Summary of Sales Comparison Approach Sales used were all reasonably similar style dwellings in the same neighborhood and sublect to reasonably similar amenities. Adjustments were based on market extraction and/or judgment. The indicated value range on the above grid extends from $145 575 to $149 605. The indicated market value is estimated to be less than the upper end of the value range and at $146,000. Indicated Value b Sales Com orison A roach $ 1 a6,ooo ip ry~ wpynymv mur uy a is moue, inc. i ms imrn may ue IepNUUCeu unmuuuleo WnnVUI wnaen pefmisslon, noW¢Ver, a la RIOOe, IfIC. mu5[ 0¢ aLIQIOWI¢O9¢e a00 Cr¢OI[¢0. A ~ ~~ a~ ~ m'~~'? i;= ~ Farm GPRES - "WinTOTAL" appraisal software by a la mode, inc. -1.800-ALAMODE 1/2007 n~c~nCA1T1A1 ADDDAICAI CIIMMARY RFP[~RT Summary Report oue a., • za nn~ R_~ Pa e #7 COST APPROACH TO VALUE (if develo ed) The Cost Approach was not developed for this ap raisal. Provide adequate informaticn for replicaticn of the follawin cost fi ores and calculations. Supportfor the opinion of site value (summary of comparable land sales or other methods for estimating site value): NA ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE .-._._......__....__....-.._...._......._....._....... _$ = v Source of cost data: NA DWELLING Sq.Ft @ $ _$ p Oual" ratio from cost service: NA Effective date of cast data: NA S .Ft. @ $ -... _$ a Comments on Cost A roach rocs living area calculations, depreciation, etc.: S .Ft. @ $ _$ Q 'The re ort re nests the Re roduction Costa roach which re uires Sq.Ft. @ $ ..... _$ y the construction of an exact re lica includin the same materials S .Ft. @ $ _$ v methods and workmanshi and must include an existin functional °$ obsolescence. This would be misleadin and makes this method Garage/Ca ort S .Ft. @ $ -- . _$ misleadin .The Re lacement Costa roach mi ht be more Total Estimate of Cost•New _$ a ro riate but it re uires re lacement usin modem materials, methods Less Ph sicai functional External and workmanshi lus the elimination of an resent functional Depreciation =$ de reciation. This too would be misleadin and the Cost A roach is Depreciated Cost of Im rovements ......._....._ ............._.--_....__. _$ therefore misleadin ." "As-is" Value of Site Im rovements ..__......_ ..................__......... _$ _$ _$ Estimated Remaining Economic Life if required : Years INDICATED VALUE BY COST APPROACH -.---_-_ ..................___... _$ INCOME APPROACH TO VALUE (if develo ed) ®The Income Approach was not developed for this appraisal. U Estimated Month! Market Rent $ NA X Gross Rent Multi lien NA = $ fndleated Value by Income Approach Summary of Income Approach (including support for market rent and GRM): o . n. a w O U Z i , PROJECT INFORMATION FOR PUDs (if a licable) The Subject is part of a Planned Unii Development. Le al Name of Pre'ect: o Describe common elements and recreational facilities: o. Indicated Value by: Sales Comparison Approach $ 146,000 Cost Approach (it developed) $ Income Approach (it developed) $ Final Reconciliation Insufficient market data was available to process the Income Approach. The Sales Comparison Approach is deemed most reliable and given greatest weight O I~ This appraisal is made ®"as is", ^ subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been d completed, ^ subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, ^ subject to z the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: O U W C ^ This report is also subject to other Hypothetical Conditions and/or Extraordinary Assumptions as specified in the attached addenda. Based on the degree of inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions, and Appraiser's Certifications, my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject of this report is: $ 146,000 as oF: 7-25-07 ,which is the effective date of this appraisal. If indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in this report See attached addenda. F A true and complete copy of this report contains 24 pages, including exhihits which are considered an integral part of the report. This appraisal report may not be m properly understood without reference to the information contained in the complete report. ~ Attached Exhibits: x a ®Scope of Work ®Limiting Cond./Certifications ^ Hypothetical Conditions ^ Extraordinary Assumptions ^ Narrative Addendum a ® Sketch Addendum ~I Location Map(s) ^ Flood Addendum ^ Additional Sales ^ Cost Addendum ^ Manut. House Addendum ^ ^ ^ ^ Client Contact: Client Name: James D. Bogor, Attorney at Law E-Mail: mail bo arlaw.com Address: 1 West Main St., Shiremanstown, PA 17011 APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) y W ~ ~ °"-" C Appraiser Name: Dennis L. Stover Supervisory or Co-Appraiser Name: ~ Company: Clouser Real Estate Appraisals Company: vi Phone: (717) 737-7300 Fax: (717) 730-0922 Phone: _ ~ Fax: E-Mail: dstovermax(o~comcast.net E-Mail: Date of Report (Signature): 10-10-07 _ Date of Report (Signature): License or Certification #: RL 138906 State: PA License or Certification ;~: State: Expiration Date of License or Certification: 6!30/2009 Expiration Date of License or Certification: Inspection of Subject: ®Interior & Exterior ^ Exterior Only ^ None Inspection of Subject: ^ Interior & Exterior ^ Exterior Only ^ Nane Date of Inspection: 10-6-07 Date of Inspection: ~ ~~ kl i611 ~ ~~`~~ y ~~~ ~opyngn[~ zuw oy a is moae~ inc. i nis roan may oe reproaucea unmoameo wimouc wnnen permissioq nowever. a is meas. mc. must oe ac~mowieegea ana creanea. ~'~ Farm GPRES - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE 1/2007 Pa a #8. Subject Photo Page Borrower/Client The Estate of Donald A. Gra Property Address 903 Allendale Rd City Mechanicsbur Coon Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attorne at Law Subject Front 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rooms 7 Borrower/Client 3 Lentler 1 Location Suburban View Avg Site .43 Acres Quality Avg Age 50 Subject Rear Subject Street Form PICPIX.SR - "WinTOTAL" appraisal software by a la mode, inc. - 1-B00-ALAMODE Pa a #9 Subject Interior Photo Page Borrower/Client The Estate of Donald A. Gra Prope Address 903 Allendale Rd C' Mechanicsbur County Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attorne at Law Subject Interior 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rooms 7 Borrower/Client 3 Lender 1 Location Suburban View Avg Site .43 Acres Quality Avg Age 50 Subject Interior Subject Interior Form PICPIX.SI - "WinTOTAL" appraisal software by a la mode, inc. - 1.800-ALAMODE Pa a #10 Subject Interior Photo Page Borrower/Client The Estate of Donald A. Gra Property Address 903 Allendale Rd C' Mechanicsbur Coun Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attorne at Law Subject Interior 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rooms 7 Borrower/Client 3 Lender 1 Location Suburban Uiew Avg Site .43 Acres Quality Avg Age 50 Subject Interior Subject Interior Form PICPIX.SI - "WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMODE Pa a #11 Su6iect Interior Photo Page Borrower/Client The Estate of Donald A. Gra Prope Address 903 Allendale Rd Ci Mechanicsbur Coun Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attorne at Law ?~~, ~} ~ _ :~ ~' ~ , _ a ~ .~~,'" '" ; G, ~; _.r,. ,, ~~ ~ y .~~: t -;q. 0 Subject Interior 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rooms 7 Borrower/Client 3 Lender 1 Location Suburban View Avg Site 43 Acres Quality Avg Age 50 Subject Interior Subject Interior Form PICPIX.SI - "WinTOTAL" appraisal software by a la made, inc. -1.800•ALAMODE Pa a #12 Subject Interior Photo Page Borrower/Client The Estate of Donald A. Gra Prope Address 903 Allendale Rd City Mechanicsbur County Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attorne at Law Subject Interior 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rooms 7 BortowerlClient 3 Lender 1 Location Suburban View Avg Site 43 Acres Duality Avg Age 50 Subject Interior Subject Interior Farm PICPIX.SI - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Pa a #13 Subject Interior Photo Page Borrower/Client The Estate of Donald A. Gra Pro erty Address 903 Allendale Rd Ci Mechanicsbur County Cumberland State PA 2i Code 17055-6645 Lender James D. Bo ar, Attorne at Law Subject Detached Garage 903 Allendale Rd Sales Price NA Gross Living Area 1,411 Total Rcoms 7 Total Bedrooms 3 Total Bathrooms 1 Location Suburban View Avg Site .43 Acres (luality Avg Age 50 Subject Interior form PICPIX.SI - "WinTOTAL"appraisal software by a la mode, inc. - 1-800-ALAMODE Pa a #14 ' Building Sketch Bonower/Client The Estate of Donald A. Gra Properly Address 903 Allendale Rd C' Mechanicsbur County Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attorne at Law 903 ALLENDALE RD. FIRST FLOOR BASEMENT 12.0' 0 INING RO ~ 34.0' 30.0' ~ ~ BEDROONgEDROOM ~ KITCHEN m M ih STORAGE i+~ ~ N MECHANICALS N LIVING ROOM t,.j BEDROOM M FAMILY ROOM 30.0' ih 30.0' 16.0' NOT EXACT AND NOT TO SCALE SkesM1 by Ppo~ N^' Comments: AREA CALCULATIONS SUMMARY Code Description Net Slze Net Totals GLA1 First Floor 1910.6 1410.6 BSMT Haaement 729.0 729.0 Net LIVABLE Area (Rounded) 1411 LIVING AREA BREAKDOWN Breakdown SuMotals First Floor 16.0 x 33.6 537.6 24.3 x 30.0 729.0 12.0 x 12.0 144.0 3ltems (Rounded) 1411 Form SKT.BIdSkI - "WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMOOE Deed Pa a #15 Borrower/Client The Estate of Donald A. Gra Property Address 903 Allendale Rd City Mechanicsbur Coun Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attorne at Law t~ dead- for Pennrylvania 90B,Y~~() PACE J~$ THIS INDEIGTIIR$, 6Sada tke thSrcl day of Deveatber, 19bE , betareea T:TSi. J. IViftGI , at washingtoar D. C., as Fodor sl Housing Commisaiomr Grantor, and nDNAI17 A. tIItAS ACID iS9FDDFEIISF 0. EFtI?, NSa ~d1Le Gr antoo {s) WITYSBHSI'H, That the Grantor for cad in coaeidoratina ai thm 6vm o£ DNS DOr.t.ae ($1.G0} lawful mosey of the Unit©d 3t ates of America, unto him well and traly paid 1>y ttre Grantoe(s} at and belora the sealing and deliv- ery of theso presents, the reoeipt whereof is hereby anl[aowledged, hath granted, bargained, sold, aliened, ea£eotied, released sad ooatismed, and by these proaents Both grant, barAnia, sell, alien, eafeo£T, ralaeso and oen£irm unto the Grantee (a} ALL TSuT CRaTAI77 tract of lafxl a3«h the lmprovtmlente ttaraon erected, dtaata to Upper lllon Taunehip, elmberlaad L'ouaty, Prnasylvsaia, bounded and described as follwa:_. .. .._. -- 1t3CII•7U121SF at a point on tkle If¢rtherly 73ae a>Y Allemlala Road rdli.eh povrt is 300q,61 Peat Bast oE' tSta 77ort7leasterly corner of A7lendnle 3osd and 9lmpson Ferry L'oadp tbeaae Yorth 19 degrees 1t5 aimd:oe Neat 17b Sa._t to a po9.etti ttanaa 4larth 65 de7;raea 30 miautas Bast 111.3 Poet to o nointl tbance South 9 degrees 2g mimmtea Fast 2175 loot to a p¢irct on the 4lortherly line of RSlendale Road aforeaaidp thaneo aloa¢ same, South 8o degroea )1.sdn- Ate9 rest 80 loaf t¢ tho P1¢Ce oS SEQtllIlyG, BBIN~ improved with a daalling house lcnnvn as No. 1 7 Ailandale Road H ~ / w 6 ~dY; ~ x~ !r ~ d i! ~n,nm6acRaf. is rxR f 1 ~ _ ~. ',! @~¢annOLll u. uEEe3 _ ~:oppn ,~,,.~Q.f~.G':.4W qtt' •tYFIM ym cougr'~ Itui,~nlAae Schto tsl. E¢m6, Cs.~'la, 1SS Rul it tiEa Trnaler tar ~ 1r -/ m- .. oat', 3'" /'.~YAn t. /.7n. °?' ~ ' ~. i. ~. .., ~i SUBJECT to all aovenaats, restrictions, reaervatiaas, eaeemegts, aaadi- tdons and rights appearing of record; sad SUBJECT to any state of 3sats an nCCprate survey Wonld ahl,w. , TCG13TtiER with all and ningular the building®, improvements, streets, alloys, passages; ways, mater, rater-aouraea, nights, liberties, Privilegos, hereditamoats and appurtenances whatsoever thereunto balonging, or in any- wise sppertalnlna, and the reueraiana sad remaiadera, rents, issues sod profits thareo7t; and all the estate, right, title, interest, property, claim ana demand waatsoever, of him, the Gr rotor, in law, equity, or otherwise hnwsdaver, o£, in and to f:he same sad every part thereof. It lan-A F.a,. !/Y2 Ftlha,..,., P. C. Ptl• FORA N6 1611 • I AMV. !/!Z Farm MAP.PLAT- "WinTOTAL" appraisal software by a la motle, inc. -1.800-ALAMODE Deed Pa a #16 Borrower/Client The Estate of Donald A. Gra Property Address 903 Allendale Rd City Mechanicsbur Coun Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attome at Law i]eod~-Pennsylvania - a - TD HAVE AHD TO HOLD rho said lot or pieoe of ground above de ecribad, hereditamaat6 and premises hereby grantod or aunt toned and intended so to be, with the appusteasaaes unto the llrantee(e), to and foa• the only pxopor use and hehooS o1 the Gsnntee (a), forovor. Tffi total parehsae price o~ the proporty hereinabove described being $ 12, OOO,On. AND the Grantor does by these prosenta caveaant, grant and agree, to and with the Grantee(s), that ha, the Grantor, aha11 and will N3RRdP1' and forever DBFHHD, all and singular tho hereditameats and promises hereiaabova described and granted, or montloned and intended so to be, with the appur- tenaoces, uata the Grantee(s), against hlm the Grantor, and against all and every person or perpaas ,rhomaoaver law£ally claiming or to claim the same ar any Bart thereof, by, tram ar undor the Granter. The terra Grantor, as used is this Lodestars, abaft mean the Gr sorer and the succesaura and asaSiSns at said Grantor, and Grantee(s) mhn11 moan the Oraatee and the heirs and as- sigas aE the Oraatcc. . IN witness whereof the uadorsigned has net hfa hand and seal as Piold Dt31ac Direetor , FRA Field Offlce, Philadmlphia , Pennsgl- V8II1a, tar sad as behalf oS the said Federal Houafag Cammi6aioaor, under authority and by virtue of the Code o$ Federal ltegu]aticas, 24 CF$ 20D.96(w), 200.96; and uador authority e~P 12 D9C 171O(g}{6sid soctioa oR the statute being Y.aowa as 2OA (g) of the National Rouging Act, as amended). Bigaed, 6onled sad delivered f]c:sr. J. HARDY t, ` .(SEAL) is the presence a#:~ As Fldaral Housing Coamissloner ~'37J~r+f. / ~ I r- ° Hy~i~itca~S+J (.•[. f !_/[~ CSitAL (~""'~ ~ -William 4. 1W11ay fi~ra..,:..,,,~-,., / /'~iLty~^~r., Rieid otiice Dy~,yct~ L'HA Fiold 0#Yioe, ~y~elphia CammaSawealtdi of Pennsylvania OOHItO~1WSALTH OF PENNSYLVANIA ~ CODIt'1'Y OF nllTLelOELPRTI " Hcfore me, WL711am K. ¢iiy . 0. Stotarp Pub11c fa and far the said Qrnnmcamealth and Cauaty, ua thls day per8unally appeared William a. 6cilvy known to me to ba the dulg appoia~tod Fiold DStics Diroetor lOiA yield OER.iae, Philadelphia , Pennsylvania, and the person uho eaeauted the foregoing instruaeat, by virtue of the authority vested in him by the Code o2 Federal Hesulati.aas, 24 CPI! 20O.9S(w), 200.86; and uaddr authorlty n2 12 II6C 1710(g)(said suction of the statute befog kaawa as 2O4(g) of the National Haa6ing Act, as amended}, and aaknaaledged to ao that ha execatad tho samo tar the purpoaea and eonsidoratians tharoln expreesed, as Fiold Offices Dlrnekor , far and nn behal.i of HS,Si, J. AA;t77Y ae7 Federal Housing Coaaeiaaioaer. ,~,,aGdy',(~a; under my hsacl and seal of oi?fioe this third day of Deceaber, 1962 s!!? .~ D1 Y15 ~~i!/ q`',~»s ,:".~:~,. ztz ~ COm1~~.Da^..-'S'1R.~.1. o-.. b. '.R '~ 157 t...... ..., lu.. ~ .. ~. 1^,.;j IZ,''oti~12g4>;).(krwwa sad soarotimea xefsrrud to as Section 2O4(g) of the Na- tiod[n1 „ICedeiag Act, as amended) " .. The power to conveq and to eaocute in the a9ne.:L'f the Comniasionor deeds of coaveyanoe, ...awy be exercised by too Commiosionor or by any Asaietnnt Comm{iaeinaor appoiatod bg hie, without the a.•cnoution oY any express delegation of power dr power o3 attorhey: thnt nothing is this subsection shall be cunatxued to prevent the Coamia- aiaaer from delegatiog avoh powor by order... in hie dlacrOtion~ to any of- tiaer, agent, ox eaplolree he may appoint:..." ).b~R t~[ftlp That Iha Reeidenn sad Pn O e of wr ~ra4 ie )~°~~~-ft`~ Fa{ RaaM Ma. la,t•1 ~...,nll n5s-,-n n.,, ei5v /" >~~x. aG.~-.r n ~. 6DCYy ~O t',SGE .]~.9 --L~ ~~e~e' m ~AFt7, Farm MAP.PLAT - "WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMODE Pa a #17 , Borrower/Client The Estate of Donald A Gray - Property Address 903 Allendale Rd City Mechanicsburg County Cumberland State PA Zip Code 17055-6645 Lender James D Boger Attorney at Law Deed ]N~Cl ~,m A)!tt1'-a,mi I~,r,v-Att LOl~eXLts 61,d )],m, 1164 fve.. Snt]u,ti Pn r t ~. . dfdDF, TIfP 24th eta^~of .Tiny, in tke year of oar Lr]r!I oxs dhaacand xfse husdrerb seventy-one, 812TWPyPsN MARGt+RtST Z. SxRONG, ftidaw, of the Totmdhip of tipper Allan, county of Camberiand and State of Pennsylvania, - ... Grantor , awl DONALD A. GRAY and blARGQ$RI TH C. GHA%, hie wi Fa, of the Township oP Upper Allen, Connty of Cnmherlaad and State o£ Pnnneyl- vania, Grantees WITNL'8.4L 471, tAaE ds eonaideratios of Dno {S1. DD) tmllar and other good and valuable wnsidesationa, ~ f?J[~ ra kawi tcatid, fke raeaipd mkeraej is AereL~ acfam*nlydued, Eke safd ?rnllSar does Ttcrarry D+ernE aced aanuey h dka acid prmzDcea , ALL THAT C&ATAZN piece of ground situate in the Tawnehip of Vppor A11eR, County o£ Cumberland and State of Pennaylvnnla, bounded and doscribed as follows, to wits aHGII4NING: At an irca pin in the sight-of-way line o$ the ALlea- d81e Road at the rnrnar of grotmd nom abort to ba eoaveyed to Pat- siaia E, Pryt thence in said right»of-way lino end along land of t4illiam xnaut, aoeth 19 degrdes forty-five~t;5) minutes neat, twenty-tAroo sad Qtyrty-twp Atmdredtha (2.42) feet to as iron pfn; thanes along other land o£ Ronald A. Graq and Mergoorita C. Gray, his wife, north 80 degrees thirty-ope (31)' miantee east, eighty (8D) Seat to an Sran~pfns thenw along other land of Mar'gasat Z. Strong south 9 degroos twenty-nine (Z9} minutes east, tsraaty'+`;^. Ciiraet~(23) feet to an iron pia; thence along lead of Patsioia F". PYy, aforesaid, santb BO degreos thirty-one i31) minutes vest at:vonty-five and thlrtp-seven htmdrodtAa (75.37) feet to an iron pin in the right-of-may line ni the A13endale Road, the plane oP HHGINR72aG. HHIYG part of the same prnmises which William e. Stroaq, widower, by his send dated }tared 28, 7.928, and s"aoarded in tAe Re aarder'e Dffictf in and ISor Cna!6erlaad Coun bj, is Deed Hook "9", Voltmte 10, Page Z27, gra:lited and conveyed unto John I. strong and l4argaret x~. Rtrong, his wife. "The said Joha S. Strong died Fabruasy 22, 1943, mhereuoon sole tftle to said promises. mae vastad Ln NaY- garet 8. Htroaq, by virtae of the dootrine of sarvivorship indi- ~deat to tenanofes by the entireties. >~ ~~ ~~a r a':~o w ~r -a~ a ~~ -~~ eonK~2~r:~ $¢D Farm MAP,PLAT- "WinTOTAL" appraisal software by a la mode, inc. - t-B00•ALAMODE Pa a #18 Comparable Photo Page Borrower/Client The Estate of Donald A. Gra Pro a Address 903 Allendale Rd C' Mechanicsbur Coun Cumberland State PA Zi Cade 17055-6645 Lender James D. Bo ar, Attorne at Law :r- Comparable Sale 313 Mt. Allen Dr. Prox. to Subject 1.8 miles SE Sale Price 163,000 Borrower/Client 1,204 Lender 5 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban View Equal Site .29 Acres Quality Avg Age 47 Comparable 2 15 Kim Acres Dr. Prox. to Subject 2.11 miles SE Sale Price 159,000 Gross Living Area 1,120 Total Rooms 5 Total Bedrooms 2 Total Bathrooms 1 Location Suburban View Equal Site .24 Acres Quality Avg Age 45 Comparable 3 729 Grantham Rd. Prox. to Subject 3.65 miles S Sale Price 147,000 Gross Living Area 1,206 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1 Location Suburban View Equal Site .<<^8 Acres Quality Avg Age 57 Form PICPIX.CR - "WinTOTAL" appraisal software by a la made, inc. -1-800-ALAMODE Pa a #19 a ~ Location Map Borrower/Client The Estate of Donald A. Gra Property Address 903 Allendale Rd City Mechanicsbur County Cumberland State PA Zip Code 17055-6645 Lender James D. Bo ar, Attorne at Law 5c~_ __.._ r^ff~~ ~ ~ m : I ~I MaPPOint' ~' S ~ ~~ Inaf ~ ~~r ~~ g1!'1~p s - ~ nest Enm.,_s~ vs ~~I illln -, ~ ~ -- Wa¢+ ~ I ~ Eeaai I ~ i ~~. ~... - -. A I~1 ~ - II p III A 'WerhW9e qyp> ~ Ili ~ ~ ~s _ ~~' - e Q 1 { t6 Sunrt. Q ~!~ Rkp ~Inelle View ~_ yy _ ~~ ~ ~ aetn b ~ ~~ U8 R ~ '~ E - Falraiew! rrd w~~' sar ykr0.d !1' qy c°oa x°Pe ~ ~° ~ Ben woe°° ~,3i''C~` - e ~, C~, L+- m ~4GOU.w"C_ _ wsa.auer.n.. -"-- wr Im nw '4' FC ~ ~' ~`~ ~ aA. ' care a~n9. ~a~y. VT ~pVa ~ ~ ~S ~ ~ 5 ~~ or ~ ~, ~ Ged..0.6Z , 5 h q.~° - ~`S i$ ~~Qe Fes' g 4,. ' Q s 9 - 'B' 4 Sys V' ~ ,p 'b ~. ~ a e6 iwde ,~. ... ~ Re "4..,L 4 3i - 4 a ~ 9. v+ ~ - _. yAns s'^ - 5 - n WetnR 51 „ s ~1 0 owaknru 4'e-,in ,~f ~ 5 @ti\ ~p5 _-. wawa 1~krt s axe '~~ E 14, 1~,' Paort-In-.8`.,x14-- ,,C St ' n '7/e PK FMIn. o RO hvelf~IJq TaarnaruP Palo. ~`- <S~R .- CA~ p eEf~e Colbol '9k h 3?1 ya~~ i '~'~~ ~~y{'^_ W~ Patt 1M'tlW~ __.- 6. ,P 5H~`„511 SA 1'WYeM ` 4" ~ am oe d. ~ a~ v~ ~ ~ : s a aY ° rnt~" °~ , i ffi Re n `~_.~ ~y@~ 6 n eb y 2 ~ 1i~~ 5nrem.aasYmvn~ gWid' R . ~ A Q8'r" ` - YpM ~L_„ ~ a 3 ~, ~ ~- ~ '~xowell ~' 'P- l~ % Q 5 .... oasw<s,lln,mnn _ ~.:: a - ~~ ieai., m, a,wn• ~g ~~~ VpntlurPxk' ~ , " Vp ern n.nk.naaro M ,~ a° ~ ,;,. b ~ Rp. ga._ .TradO W~g-'A Ey ~~ t4 3U e '~-~"~°'m'°"n` ' sartap wN~ ~ Ea sx+e `~'_gs _c~~le f "~ I'r6a.,~R o - ri 4a yr ,aY~ ~ne4 ~ ~-Healy. ~ N~~ •S~s ° e ~~Y r ~~ [x 0.d ~ w ~ ~ s e'a - a eea dt8 aeesmeyne' ~.. °z N ~ 236 .'' ~ ~~ _ f ...... b EWtad'nexLL Rd" ~ °yMMng ~mi ~ Tb,panU $ .G~ µVAnj ~a 1114 ~ 3 p - --. Eb tr ~ ~A$ ..6 STak Dr. u~ R ~a 4 ® ea ~~ ,~ ~~~~ 4?' - v p f 39 _ X114. I!~ 1111en ~aC '~-L~g ~~. Rn y~~ .. ~ln ytien Prt ~9. ~qp -Shephertlslowna !//~/~ '- •~ aF e ~~~ _ .'b. .y ~ ~ g `~~ - -'qqe• bCS tr tR~% OrchrE Tene ~ n °+aflS . ~- O ~~ ~ « ~~NertlllY ~ Mvh Llebvn~ e el>saele _ a R ..... _- w us~n ad- unM G - _ ~ - --_.. - "ear, a_ Woman. ~am,m +" -_. ~, cwn.m td caerelem .... ~ ' m ' *> N.. ae gyFp~ 8 GTw ~ .~ -~_- o E~pd ~~~ F z z Q~~ .......,..._..~', ~ ~, ~ ~.. e i o- ~ ~ 'mnmswae :. - ~_ ~ ' pssey..°en ~ g anaasoNOwn b o - °'a„p g 'h0tynn.RO. Leek q° ~ Q W.4m"` ~ ___ ~4 -Nraev'~va KQ _, b w !L 1T91 ~ ~ 151 CartaR-p SQa~mY1 _ 0 PlawrR ~ ~S~$ SildaebrOP -'a. S 4b g ? ~ ~~S ~ - ---Savmdl~Rn g ~ ~ i ~~,y',,> Form MAP.LOC - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Pa a #20 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 pmdently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definhion 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) bath parties are well informed or well advised, and each acting in what he considers his awn 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 he made to the comparable property by comparisons to financing terms offered by a third party instittrtional lender that is not already involved in the property or transaction. Any adjustmerd 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 judgement. 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 de 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 g they are so used. 6. The appraiser has noted in the appraisal report any adverse conditiens (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 de 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 tme 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 far 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 conclusiens 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; professienal 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 lenderlclient 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 10048 6.93 GEORGE CLAUSER Form ACR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Pa e #21 s APPRAISER'S CERTIFICATION: The Appraiser certfies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or mare favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, ii a significant item in a comparahle property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an.impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions spec'rfied in this farm. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially ar completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order tc receive my compensation and/or employment far pertorming the appraisal. I did not base the appraisal report on a requested minimum valuaticn, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the extedor of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authodzed anyone to make a change to any hem 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 wflh the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am caking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 903 Allendale Rd Mechanicsburg, PA 17055-6645 APPRAISER: SUPERVISORY APPRAISER (only if required): Signature: I ~ ~~ Signature Name: Dennis L. Stover Name: Date Signed: 10-10-07 Date Signed: State Certification #: RL 138906 State Certification #: or State License #: or State License #: State: PA State: Expiration Date of Certification or License: 6!30/2009 Expiration Date of Certification or License: ^ Did ^ Did Not Inspect Property Freddie Mac Form 439 6.93 Page 2 of 2 Fannie Mae Form 10048 6-93 Form ACR - "WinTOTAL" appraisal software by a la made, inc. -1-BDO-ALAMODE Snar_ial Gnnditions Fila Nn 7-1nn~ R-3 Pa a #22 orrow r CI'e t The Estate of Donald A. Gra Pro a Address 903 Allendale Rd (;i Mechanicsbur Ccun Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attorne at Law SPECIAL CONDITIONS ADDENDUM The following checked items are specific special conditions that were identified by the appraiser during the inspection of the subject property, the incomparable sales, and their neighborhoods and locations. 1. The subject is located in a rural area and is less than 25% built-up. The condition is typical and common for the area and DOES NOT affect the market value. X 2. Commercial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods and DO NOT affect the market value. X 3. Industrial uses are located within the subject's neighborhood. The presence of industrial uses, is typical for the neighborhood and DOES NOT affect the market value. X 4. Vacant and underdeveloped land uses are located within the subject's neighborhood. These uses are typical for the area and DO NOT affect the market value. 5. The predominant value in the neighborhood is less than that of the market value of the subject property. This condition is due to the superior qualities of the subject property as described in this report. This condition DOES NOT affect the market value. _ 6. The subject property is located in a F. I. A. Identified Flood Zone. 7. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. _X_ 8. The subject is older than five(5) years old. All mechanical systems including the heating, electrical and plumbing system appears upon a visual exterior inspection to be in working order. No warranties are implied in this statement. 9. The electrical system was not connected during inspection. 10. The water service was not connected during inspection. 11. The heating system was shut down during inspection. X_ 12. Well and septic are common to the area. 13. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The repair items are cosmetic in nature and DO NOT affect the market value. 14. Subject is new construction and was 90% completed on date of inspection. Compliance and completion inspections suggested prior to settlement. _X_ 15. Should property be sold, well, septic, termite and radon certifications are suggested, with appraised value based on clear results. 16. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood and DOES NOT affect the market value. 17. The land value exceeds 30% of total value. This is due to the large size of the site. this condition is considered to be typical and common and DOES NOT affect there market value. 18. Individual adjustments were required that exceed 10%. These adjustments were required due to the lack of more similar comparables on that individual rating. All three comparables are the BEST AVAILABLE. 19. Total adjustments exceed 15%. This is due to the lack of comparables on that individual rating. All three comparables are the BEST AVAILABLE. _X_ 20. One or more comparable sales are older than six(6) months old. There were insufficient comparable properties in the subject area, that have sold recently, therefore, sales in excess of six (6) months old had to be used. _X_ 21. One or more of the comparables used were in excess of one(1) mile from the subject property. There were insufficient comparables in the immediate area, that have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same marketing area. All three comparables used were the BEST AVAILABLE. 22. Roofing certification is suggested. 23. Plumbing certification is suggested. 24. Electrical certification is suggested. 25. Heating certification is suggested. 26. Flood Hazard Insurance is suggested. 27. Seller is paying part or all of closing cost. This DOES NOT affect the market value. _X_ 28. All comparable sales are closed sales. _X_ 29. The subject property has not transferred in the past three years.. _X_ 30. This appraisal is a Summary Report with complete data retained in appraisal file. Form SUP - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Pa a #23 Signature Cmm~lianre orr r lient The Estate of Donald A. Gra Prc a Address 903 Allendale Rd C' Mechanicsbur Coun Cumberland State PA Zi Code 17055-6645 Lender James D. Bo ar, Attome at Law ELECTRONIC SIGNATURE COMPLIANCE Wintotal and Project 2000 are fully ASB (Appraisal Standards Board) compliant in their security. The signatures on this report have not been altered in any way and the digital signatures are to be considered as original. Form SUP - ^WinTOTAL" appraisal software by a la mode, inc. - t-800-ALAMODE Pa e #24 Certificate Borrower/Client The Estate of Donald A. Gra Pro Address 903 Allendale Rd Ci Mechanicsbur County Cumberland State pA Zip Code 17055-6645 Lender James D. Bo ar, Attorne at Law C®tntasonwealth of PeatatsyEvania ~ 7 4 7 6717 De~ariment of State $ttreaat of Professiottmf and Occupational Affairs F~ Sos 2G-09 Hxrrisbur#; PA 27105-2G49 CertiCcatc'l'y~pc Certlfirdte Status Certifed Residential Appraiser Active initial Gcrtification Date DENN15 L STOVER 625 ADELIA ST 6}iDDLETOWN PA 17051 ~• C'ommisauner 9 9125l20D3 Ccrtit'icate Nambcr RE_138905 expiration Datc 06!30!2003 Alfairs <--:. Sienanirc Farm MAP.PLAT- "WinTCTAL" appraisal software by a la mode, inc. -1-8o0-ALAMODE Rev-150 EX+ (6-98) i COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, ~ MISC. PERSONAL PROPERTY ESTATE OF (FILE NUMBER Gray, Donald A. 21-07-0769 Include the proceeds of litigation and the date the proceeds were received by the estate. All property joindyowned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Cash -Nine (9) Two ($2.00) bills found in safe deposit box 18.00 2 Comcast -Refund 20.64 3 M&T Bank Savings Account No. 25004920155957 -Date of death balance $900.72; 900.86 accrued interest $0.14 4 Mid Atlantic Insurance Group -Refund 294.00 5 Pennsylvania Employees Benefit Trust Fund -Pension Benefit 191.80 6 The Patriot News -Refund 126.00 7 1965 Corvette Stingray -VIN # 18752531515GR -Per appraisal 25,000.00 8 1972 Chevrolet Chevelle -VIN # 1D37H2B685671 -Per appraisal 7,500.00 9 1998 Oldsmobile 88 -VIN # 1G3HN52KXW4825593 -Per appraisal 4,725.00 10 Personal Property -Per appraisal 1,245.00 TOTAL (Also enter on Line 5, Recapitulation) 40,021.30 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) ©MBTBarik 499 Mitchell Street, Millsboro, DE 19966 August 30, 2007 James D. Bogar Attorney At Law One West Main Street Shiremanstown, PA 17011 RE: Estate of Donald Gray Date of 'heath: July 25, 2007 Social Security Number: 202-20-2721 Dear Mr. Bogar: In response to your request, please be advised that at the time of death, the above- named decedent had on deposit with this bank the following accounts. 1. Account Type ........................... Savings Account Account Number ....................... 25004920155957 Ownership (Names off .............. Donald Gray Opening Date ...........................12 / 21 / 98 (account closed 08 / 15 / 07) Balance on Date of Death ......... $900.72 Accrued Interest $ 0.14 Total ....................................... $900.86 2. Account Type ........................... Checking Account Account Number ....................... 902047 Ownershup (Names off .............. Donald Gray, Steven Gray Opening Date ...........................12101170 (account closed 08/ 15/07) Balance on Date of Death..........$443.11 Accrued Interest $ 0.00 Total ....................................... $443.11 ` • Page 2 August 30, 2007 The above named decedent did not have a safe deposit box. * If upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or the name of any possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, please contact our Carlisle Pike branch at 6560 Carlisle Pike Suite 500, Mechanicsburg, PA 17050, or # 717-795-1710. Sincerely, J ~ ~ (~l Charlene Warruzgton, Records anagement 1-888-502-4349 i ~ ~ LINDEN HALL ANTIQUES 211 OLD STONE HOUSE ROAD CARLISLE, PA 17015 ?17-249-1978 To: From: James D. Bogar, Attorney One West Main Street Shiremanstown, PA 17011 William G. Rowe, Appraiser 211 Old Stone House Rd. Carlisle, PA 17015 Re: Estate of Donald A. Gray 903 Allendale Road Mechanicsburg, PA 17050 Date of Death: July 25, 2007 Date: September 1, 2007 HOUSEHOLD ITEMS Sideboard $25.00 China cabinet $65.00 Bookcase $100.00 GUNS Black powder muule loader -reproduction $150.00 Black powder pistol -reproduction $75.00 Black powder pistol -reproduction $75.00 Double barrel shotgun 20 gauge cut down Barre{ $45.00 Sears 20 gauge bolt action $110.00 PJlilitary rifle - t1.S. issue - .30 caliber $165.00 Ranger .22 caliber bolt action $85.00 Rifle, .30 caliber bolt action $80.00 Remington 20 gauge pump - Wsngmaster $225.00 Steyr bolt action 20 gauge $45.00 AUTOMOBILES 1998 Oldsmobile 88 - 4 door - 70,000 mites -inspected $4,725.00 1972 Chevrolet Chevelle - 2 door - 350 motor, rebuilt engine not driven since 1993 -fair condition $7,500.00 1965 Corvette Stingray -some restoration not driven since 1999 -fair condition $25,000.00 TOTAL $35,470.00 J~; ___~____. William G. Rowe l~~ ~~ Gray Appraisal 1 09101/2007 Rev~509 EX+ (8-98) :~ SCHEDULE F COMMONVJEA,LTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gray, Donald A. 21-07-0769 Han asset was made joint within one year of the decedents date of death, it must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Steven D. Gray 6479 Wheatley Road Son Federalsburg, MD 21632 B. C JOINTLY OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH vALUE of DECEDENTS INTEREST 1 A 12/1/1970 M&T Bank Checking Account No. 902047 443.11 50.000°/a 221.56 - Date of death balance $443.11; accrued interest $0.00. 2 A 12/11/1998 Members 1st Savings Account No. 2,539.48 50.000°/a 1,269.74 160047-00 -Date of death balance $2,537.81; accrued interest $1.67 TOTAL (Also enter on Line 6, Recapitulation) I 1,491.30 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule F (Rev. 6-98) . y . SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established LOAN ACCOUNTS: Account Number/Suffix Date Loan Established Principal Balance at Date of Death Loan Type Interest Rate Collateral Held as Security Name of Co-Borrower Estate af: DONALD A. GRAY Date of Death: d7/25/2t307 Saeia! Security I;furr~t~er: 202-20-2721 160047-00 11 /15/1995 $2,537.81 $1.67 $2,539.48 Steven Gray 12/11/1998 160047-03 06/27/2006 $4,690.84 Used Vehicle 9.99% 1998 Oldsmobile Eighty-Eight Contractual Pledge of Shares None BERS 1ST FEDERAL CREDIT UNION ~~ - ~"~ Danielle A. Ki~ne Insurance Services Specialist August 28, 2007 5000 Louise Drive P.O. Box 40 • Mechanicsburg, Penns}~lvania 17055 • (717) 697-1161 ~~~wv,~memberslst.or~ REV~'1151 FJC+ (12-99) t COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES ~ ADMINISTRATIVE COSTS ESTATE OF (FILE NUMBER Gray, Donald A. 21-07-0769 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s): Street Address City State Zip Year(s) Commission paid 5,344.89 2. Attorney's Fees Bogar S~ Hipp Law Offices 8,200.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 314.00 5. Accountant's Fees 50.00 6. Tax Return Preparer's Fees 7. Other Administrative Costs ~ ~ 4,511.56 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 18,420.45 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Re~~50~ FJC+ (6-98) SCHEDULE H-A _~ FUNERAL EXPENSES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF (FILE NUMBER Gray, Donald A. 21-07-0769 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-A (Rev. 6-98) f Re 50~EX+~(6-96) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued ESTATE OF (FILE NUMBER Gray, Donald A. 21-07-0769 ITEM NUMBER DESCRIPTION AMOUNT 1 Canada Life -Return of overpayment of pension benefits 305.46 2 Clauser Real Estate Appraisers -Real Estate Appraisal 350.00 3 Linden Hall Antiques -Personal Property Appraisal 165.00 4 Marlin A. Yohn, Tax Collector - 2007/2008 School Taxes 1,187.34 5 PPL -Electric bill 175.28 6 PPL -Electric bill 27.85 7 PPL -Electric bill 37.50 8 PPL -Electric bill 29.58 9 PPL -Electric bill 31.58 10 PPL -Electric bill 20.91 11 PPL -Electric bill 21.12 12 PPL -Electric bill 21.44 13 Register of Wills - 2 Short Certificates 8.00 14 RESERVES: -Costs to conclude administration of Estate including filing of 2,000.00 Pennsylvania Inheritance Tax Return and Inventory, fiduciary income tax returns and miscellaneous expenses 15 York Waste Disposal -July 2007 to December 2007 (2 quarters) trash billing 87.00 16 York Waste Disposal -January 2008 to March 2008 quarterly trash billing 43.50 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-67 (Rev. 6-98) SCHEDULE I ~~ DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS C OMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gray, Donald A. 21-07-0769 Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 AT8~T -Phone bill 33.73 2 Bank of America -Payoff three (3) credit cards 542.61 3 Citgo -Payoff credit card 738.32 4 Citi Card -Payoff credit card 542.15 5 Cumberland County Office of Aging -Assistance to Decedent 48.00 6 Member's 1st Federal Credit Union -Payoff of Automobile Loan No. 160047-03 4,690.84 7 Phillips Lifeline -Medical Alert System 37.62 8 Susquehanna Oil 1,140.00 9 Verizon -Phone bill 30.53 TOTAL (Also enter on Line 10, Recapitulation) I 7,803.80 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) R~i5't~ E7c+ (8-0Oj SCHEDULE J COMMNHERTANCE~TAX RETURNANIA BENEFICIARIES RESIDENT DECEDENT FILE NUMBER ESTATE OF Gray, Donald A. 21-07-0769 RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NAME AND ADDRESS OF DECEDENT (Words) (~~~) NUMBER PERSON(S) RECEIVING PROPERTY Do NotlrstTrustee(s) I~ TAXABLE DISTRIBUTIONS di trib tionsrl antd iansfers under Sec. 9116(a)(1.2}) 1 Steven D. Gray Son One-half of 6479 Wheatley Road rest, residue Federalsburg, MD 21&32 and remainder 2 Terri L. Kaptain Daughter One-half of 122 Forest Hills Road rest, residue Red Lion, PA 17356 and remainder Total Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet II~ NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.0 Copyright (c} 2002 form software only The Lackner Group, inc. Form PA-1500 Schedule J (Rev. 6-! ~~~~ i11 ~.n~ ~P~x~zmPn~ DONALD A. GRAY I, DONALD A. GRAY, of 903 Allendale Road, Mechanicsburg, Oberland County, Pennsylvania, make, publish and declare this as and for my Last Wi11 and Testament, hereby rewking all other Wi11s and Codicils heretofore made by me. FIRST: I direct the payment of all my just debts and the expenses of my last illness and funeral from my estate, as soon after my death as conveniently may be done. SECOND: I devise and bequeath all the rest, residue and re*.nainder of my estate of wi~atever nature and wherever situate tmto my wife, MARGUERITE C. GRAY, provided she survives me by sixty (60) days. THIRD: Should my wife, Marguerite C. Gray, predecease me or die on or before the sixtieth (60th) day following my death, I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate unto my children, TERRI LEE B~u'~.Y a-~d ~°TEV.~T D. GRAY, in equal shares. FOURTH: My Executor and personal representative shall have the following powers in addition to those vested in them by law and by other provisions of this Will, applicable to all property, exercisable without court approval and effective until actual distribution of all property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for-such prices and upon such terms or conditions as are deemed proper. (B) To invest in all forms of property, including stocks, cota~z trust ftmds and mortgage investments fiords, without restriction to investments authorized for Pennsylvania fiduciaries, as they deem proper, without regard to any principle of diversification, risk or productivity. (C) To compromise any claim or controversy. (D) To exercise any option, right or privilege granted in insurance policies or in other investments. ~ ~ ~ _~ (E) To make distributions to my herein named beneficiaries in kind. F1FIlI: A11 taxes that may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed shall be considered a part of the expense of the administration of my estate, and my personal representative shall have the absolute power in his or her discretion to pay the same at once whether or not the law under which they are imposed permits the postponement of all or part of them to a later time. SA'Tfi: I nominate and appoint MP.RGUERTTE C. GRAY, Executrix of this, my Last Wi11 and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of the said Marguerite C. Gray, I nominate and appoint TERRI LEE BERKEY and STEV~7 D. GRAY, Co-Executors of this, my Last Will and Testament. I hereby relieve my Executrix from the necessity of posting security in connection with her duties as such in any jurisdiction in which she may be called upon to act insofar as I am able by law to do so. IN WITNESS khIEREOF, I have hereunto set my hand and seal to this, my Last Wi11 and Testament, this ~.~ day of ~v 1981. _~ ,, ~~. (sEAL> DONALD A. GRAY Signed, sealed, published and declared by the above named Testator as and for his Last Wi11 and Testament in our presence, who at his request, iri his presence and in the presence of each other, have heretmto subscribed our names as attesting witnesses. Address ~ i ;.~ Address ~ -2-