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05-02-08 (2)
REY-1500 EX t (8.00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) H IZ Rife N. Hollis REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT 0 DATE OF DEATH (MM-DD-Year) DATE OF BIRTH (MM-DD-Year) V 08/02/2007 07/04!1947 0 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) ~ ®1.Original Retum ~ 2. Supplemental Retum ~ a ~ ~ 4. Limieed Estate ~ 4a. Future Interest Compromise (dace adeatn aPoer 12-1z-s21 ~ a m 0 6. Decedent Died Testate (Anacncopyolwllq ~ 7. Decedent Maintained a Living Trust (Attacncopyo(Trust) ~ ~ 9. Lfigation Proceeds Received ~ 10. SpoUSal POVerty Credit (date or death tieNreen 12-31-91 and 1.1-9~ z W O 0 a W 0 v Z O H a V BE NAME Joel R. Zullin~er FIRM NAME (If Applicable) Zullin9er Davis, P.C. TELEPHONE NUMBER !7171264-6029 OFFICIAL USE ONLY FILE NUMBER 2 1 -0 7 0 7 7 7 COUNTY CODE YEAR NUMBER SOCIAL SECURITY NUMBER 1 8 4- 3 6- 6 5 8 5 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 3. Remainder Retum (date ordealh priorto 12-13-82) 0 5. Federal Estate Tax Retum Required 4 8. Total Number of Safe Deposit Baxes 11. Election to tax under Sec. 9113(A) (Attacn Scn of CONFIdENTU1L TAX iNFi3RMATICIN SHOULD BE DfRECTI°_D TO: COMPLETE MAILING ADDRESS 14 North Main Street, Suite 200 Cham 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closery Held Corporation, Partnership orSole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) (Schedule E) 6. Jointry Owned Property (Schedule F) (6) Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) 1,133, 062.68 PA 17201 ICI SE ONLY .d ~„t~~~ ~~ •-t ~ ~ ~~€ ~.> !~'~ $. (Schedule G or L) 8. Total Gross Asset: (total Lines 1-7) (8) 11, 892, 507.11 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 306,856.75 10. Debts of Decedent, Nbrtgage Liabilities, 8~ Liens (Schedule I) (10) 158,196.03 11. Total Deductions (total Lines 9 8~ 10) (11) 465,052.78 12. Net Value of Estate (Line 8 minus Line 11) (1P) 11,427,454.33 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been (13) 10, 284, 391.66 made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 1,143, 062.67 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES Z 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 0.00 X (15) 0.00 ~ 16. Amount of Line 14 taxable at lineal rate 1,133, 062.68 X .045 (1 g) 50, 987.82 ~ 17. Amount of Line 14 taxable at sibling rate 0.00 X .12 (17) 0.00 V 18. Amount of Line 14 taxable at collateral rate 10, 000.00 X .15 (18) - 1, 500.00 19. Tax Due (19) _ 52,487.82 ~ 20. ~ - . ~ - . . - .. . • • ~ ~-'' BE SURE TO ANSWER ALL QUESYIONS ON REVERSE' SI13i` AND RECHECK MATH c c 800, 000.00 421, 827.49 1 )ecedent's Complete Address: STREET ADDRESS 549 Bridgeview Drive STATE PA ZIP 17050 cITY Lemoyne Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments 37.470.37 C. Discount 1.972.13 3. InterestlPenalty ffapplicable D. Interest E. Penalty Total Credits (A + B + C ) Total Interest/Penalty (D + E } 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 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. (1} 52,487.82 (2) 39,442.50 (3} 0.00 (4) 0.00 (5) 13, 045.32 (5A) Enter the interest on the tax due A . . B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56} 13, 045.32 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIAT E BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ........................................................................... ^ b. retain the right to designate who shall use the property transferred or its income : ........................................ ^ c. retain a reversionary interest; or ...................................................................................................... ^ d. receive the promise for life of either payments, benefits or care? ............................................................. ^ 2. If death occun~ed after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? ............................................................................................... ^ 0 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ................. ^ 0 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. Utxier penalties of perjury, I declare that I have examined this return, including accomp~ying schedules and statements, and to the best of my krwwledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all infom~aUon of whK:h preparer has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATA ADDRESS Richard D. Rife, 5225 Wilsbn Lane, Apt. 4117 ~ f Mechanicsburg PA 17055 _ SIGNATURE OF~ARER OTHER TI~4N R~tESEN~ATIV~ a DATA / J ADDRESS ,del R. Zullinger, orth Main Str ,Suite 200 ' ~ Chambersburg PA 17201 For dates of death on or after July 1, 1994 and before January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [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 0°k [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-0ne 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 0% [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 4.5°~, except as noted in 72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% 172 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-15x2 EX + (6-98) SCHEDULE A ' REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Rifp N Hnllic 21 07 0777 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 ro whlch is i -owned with ht of survhrorshi must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Condominium situate at 549 Bridgeview Drive, Lemoyne, 800,000.00 Cumberland County, PA, appraised by Wolfe & Shearer TOTAL (Also enter on line 1, Recapitulation) ~ S 800, 000.00 (If more space is needed, insert additional sheets of the same size) REV-1503 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER Rife N Hnllic 21 07 0777 All properht jointl~t-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Account #410 041965, Morgan Stanley, consisting 3,992,100.08 of investments as shown on attached valuation 2. Account #410 019079, Morgan Stanley, consisting 1,156,991.97 of investments as shown on attached valuation 3. Account #410 039282, Morgan Stanley, consisting 743,886.15 of investments as shown on attached valuation 4. Account #410 055135, Morgan Stanley, consisting 499,803.67 of investments as shown on attached valuation 5. Dreyfus Account #0039-0580052595, including 11,495.24 interest accrued to date of death (Note-this is an IRA Acct. w/ no named beneficiary and defaults to the estate),see attachment 6. Dreyfus Account #0039-0013268586, including 7,274.90 interest accrued to date of death, copy of valuation attached 7. Dreyfus Account#0123-1001708906, including 1,437,789.76 interest accrued to date of death, copy of valuation attached 8. Dreyfus Account #0762-0400290854, including 35,392.00 interest accrued to date of death, copy of valuation attached 9. Dreyfus Account#0947-0000050021, including 36,325.93 interest accrued to date of death, copy of valuation attached 10. Mutual Fund Account w/ John Hancock #320315900, 13,073.96 copy of valuation attached 11. T. Rowe Price, New Era Fund Account 200925270-5, 785,980.02 copy of valuation attached 12. Jennison Growth Fund,Class A, 606.788 shares 11,055.68 X18.22 13. 297 shares ACM Managed Dollar Income Fund, Inc. 2,150.28 X7.24 14. 1000 shares BRE Properties, Inc. @52.27 52,270.00 15. 16,611.252 shares Citizens Communications Co. @13.94 16. 1908 shares Holly Corporation c~63.79 231, 560.86 121,711.32 TOTAL (Also enter on line 2, Recapitulation) ~ $ 9, 421, 827.49 . (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent Ride, N. Hollis 21 07 0777 Decedent's Name Page 1 File Number Schedule B -Stocks Si Bonds ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 17. 800 shares International Business Machines 90,224.00 X112.78 18. 296 shares M&T Bank Corporation X105.92 31,352.32 19. 459 shares Nabors Industries @29.08 13,347.72 20. 203.748658 shares PNC Financial Services 13,777.49 Group, Inc. a~67.62 21. 1679 shares Puget Energy, Inc. @23.97 40,245.63 22. 78 shares Tyco Intl Ltd cLD47.95 3,740.10 23. 78 shares Covidien Ltd X40.98 3,196.44 24. 78 shares Tyco Electronics Ltd @34.80 2,714.40 25. 14 shares Verizon Communications X43.13 603.82 26. 2625 shares Vodafone Group cLD31.91 83,763.75 SUBTOTAL SCHEDULE B 282,965.67 GRAND TOTAL SCHEDULE B S 9,421,827.49 REV-1508 EX + (8-98) SCHEDULE E CASHr BANK DEPOSITS, & MISC. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Rife N Hollis 21 07 0777 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointhr•owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Checking Account #71907947, M&T Bank, 32,022.04 including interest accrued to date of death 2. Savings Account #15004214960393, M&T Bank, 61, 065.72 including interest accrued to date of death 3. Gross proceeds from sale of decedent's personal 20,349.00 property by Gateway Gallery Auction 4. Gross proceeds from sale of decedent's stamp 4,310.50 collection by Gateway Gallery Auction 5. Gross proceeds from sale of decedent's coin 79,817.50 collection by Gateway Gallery Auction 6. Refund, Financial Times 31.60 7. Refund, The Economist 30.75 8. Refund, Erie insurance 107.00 9. Remainder interest, per Stock Split Agreement, dated 12/12/86 (copy attached), in date of death value of 4,000 shares of IBM stock X112.78 or 451,120.00. See copy of calculation of remainder interest attached (Notation-the original agreement contained 1,000 shares of IBM stock on 12/12/86, but held 4,000 shares at date of death as the result of company stock splits) 339,882.83 TOTAL (Also enter on line 5, Recapitulation) ~ ~ 537.61 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (8-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS 8~ MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Rife N Hollis 21 07 _0777 This sr~edule must be completed and filed rf the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET °r6 OF DECD'S INTEREST EXCLUSION pFAPPLICl1BLE) TAXABLE VALUE 1, Prime Reserve Fund Traditional IRA Account#620005353-4 7,754.58 100. 7,754.58 T. Rowe Price, named beneficiary, Richard D. Rife, father of the decedent 2. Employee Progress Sharing Investment Plan with New York 860,558.10 100. 860,558.10 Life, named beneficiary, Richard D. Rife, father of the decedent 3. Executive Officers' Survivor Benefit Plan with New York Life, 264,750.00 100. 264,750.00 named beneficiary, Richard D. Rife, father of the decedent TOTAL (Also enter on line 7 Recapitulation) , $ 1,133, 062.68 (If more space is needed, insert addifional sheets of the same size) REV-1511 EX + (12-99) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Rife. N. Hollis 21 07 0777 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Myers-Harner Funeral Home, funeral services 7,733.00 2. Rolling Green Cemetery, interment and recording fees 1,195.00 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative (s) Richard D. Rife Soaal Security Number(suEIN Number of Personal Representative(s) 179-12-3423 Street Address 5225 Wilson Lane, Apt. 4117 crty Mechanicsburg state PA zip 17050 Year(s) Commission Paid: 2008 Attorney Fees Joel R. Zullinger Famiy Exemption: (If decedent's address is not the same as claimants, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Letters - 2,210.00, will 15.00, short certificates 116.00; certified will 5.00; JCP-10.00; automation 5.00; return 15.00; inventory 15.00; additional probate 3,200.00 Accountants Fees 130,000.00 2. 3. 4. 5. 6. Tax Return Preparers Fees 130, 000.00 0.00 5,591.00 7. T Mobile, telephone service 24.64 8. PPL Electric Utilities, utilities at residence 160.46 9. UGI Utilities, gas service at residence 56.67 10. Bridgeport Condo Association, monthly maintenance fee for residence 544.00 11. Cumberland Law Journal, advertise fetters 75.00 12. The Sentinel, advertise letters 228.65 13. Comcast, cable service 49.52 14. UGI Utilities, gas service to residence 29.59 15. PPL Electric Utilities, utilities at residence 116.41 16. Verizon, telephone service 17.91 17. T Mobile, telephone service 3.45 18. Brid eport Condo Association, month) maintenance fee for residence 544.00 TOTAL (Also enter on line 9, Recapitulation) i 306,856.75 (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent Rsfe, N. Hollis 21 07 0777 Decedent's Name Page 2 File Number Schedule H -Funeral Expenses & Administrative Costs - B7. ITEM NUMBER DESCRIPTION AMOUNT 19. S.W. Barrett Real Estate, appraisal of real estate 350.00 20. Comcast, cable service 49.52 21. Postmaster, insured mailing for stock liquidations 125.13 22. PPL Electric Utilities, utilities at residence 159.22 23. Pennsylvania American Water, water service at residence 1.89 24. Verizon, telephone service 21.35 25. Home Paramont, monthly treatment at residence 71.02 26. UGI Utilities, gas service at residence 201.72 27. Bridgeport Condo Association, monthly maintenance fee for residence 544.00 28. Zimmerman Plumbing, repair work at residence 376.00 29. Lemoyne Borough, utilities at residence 116.00 30. Comcast, cable service 52.94 31. Pennsylvania American Water, water service at residence 12.76 32. Wolfe 8~ Shearer, appraisal of real estate 350.00 33. Verizon, telephone service 21.00 34. Gateway Gallery, coin appraisal 1,153.75 35. Ludwig Jewelers, jewelry appraisal 200.00 36. Alarm Payment Processing, monthly security fee at residence 71.25 37. Postmaster, insured mailing for stock liquidations 12.76 38. DaFlure Heating and Air Conditioning, air conditioning repair 189.00 39. Pennsylvania American Water, water service at residence 12.68 40. Jeffrey Barnhart, expenses for transporting paintings for sale 500.81 41. Allen Electrical, repair work at residence 2,587.00 42. Home Paramont, monthly treatment at residence 71.02 43. Lemoyne Borough, utilities at residence 116.00 44. Alarm Payment Processing, monthly security fee at residence 77.25 45. Gateway Gallery Auction, commission and expenses sale of personal property 6,002.25 46. Gateway Gallery Auction, commission and expenses safe of stamp collection 1,077.63 47. Gateway Gallery Auction, commission and expenses sale of coin collection 15,963.50 SUBTOTAL SCHEDULE H-BT 30,487.45 REV-1512 EX + (8-98) SCHEDULE 1 COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, IN RESIIDENTEDECEDENT N MORTGAGE LIABILITIES & LIENS ESTATE OF FILE NUMBER Rife. N. Hollis 21 07 0777 Include unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Faith A. Nicofa, Tax Collector, 2006/07 school taxes due at 6,229.51 time of death 2. PPL, utilities due at death 160.08 3. T Mobile, telephone bill due at death 49.28 4. Bridgeport Condo Association, member fees due at 1,088.00 death 5. Home Paramont, pest treatment of decedent's residence 71.02 due at death 6. UGI, gas service due at death 72.73 7. Comcast, cable service due at death 49.53 8. Old Maids, cleaning service due at death 132.50 9. Lemoyne Borough, utilities due at death 116.00 10. Alarm Payment Processing, security fee due 71.25 at death 11. Women's Cancer Center, balance due for medical 1,255.26 services 12. Aetna Life Insurance, return of benefit payment deposited 3,161.87 to decedent's account after death 13. United States Treasury, 2007 federal income tax due 120,050.00 14. PA Department of Revenue, 2007 state income tax due 25,689.00 TOTAL (Also enter on line 10, Recapitulation) I ~ (If more space ~s needed, insert additional sheets of the same size) 158.1 REV-1513 EX + (A-M~ r SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include ou ~' ht sppoousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Richard D. Rife Lineal 1,133,062.68 5225 Wilson Lane, Apt. 4117 Items 1,2,3, Schedule G Mechanicsburg, PA 17050 2. N. Lee Stevens Collateral 10,000.00 1005 Executive House, 101 S. Second Street Harrisburg, PA 17101 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 1. 0.00 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. Humane Society of Harrisburg, Inc. 50,000.00 7790 Grayson Road Harrisburg, PA 17111 2. The Nature Conservancy 2,046,878.33 4245 North Fairtax Drive, Suite 100 Arlington, Va 22203-1606 20% of residue 3. The Wildlife Conservation Society 3,070,317.50 2300 Southern Boulevard Bronx, N.Y. 10460 30% of residue TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET S 10 284 391.66 ~Ir more space Is n2eQ2Q, Insert aaalnonal sneers or the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent Rife, N. Hollis - 21 07 0777 Decedent's Name Page 3 File Number Schedule J -Beneficiaries - 2B B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 4. The American Society for the Prevention of Cruelty to Animals 3,070,317.50 424 E. 92nd Street New York, N.Y. 10128 30% of residue 5. The Humane Society of the United States 2,046,878.33 2100 L Street, NW Washington, DC 20037 20% of residue SUBTOTAL SCHEDULE J-2B ~ 5,117,195.83 JRZ - 5.1 rife.2 March 2, 2006 s LAST WILL AND TESTAMENT I, N. Hollis Rife, of Lemoyne, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby declare this to be my will, hereby revoking any and all former wills and codicils thereto by me heretofore made . I. I direct that all my just debts and funeral expenses, including all expenses of my last illness, shall be paid from my estate as soon as practicable after my decease as a part of the ~~ expense of the administration of my estate. -~ II. ''~.: I ive and bequeath those items listed on a separate unsigned g men-orandum which refers to this my will by date to the individuals named therein. In the event that no such memorandum shall be found within thirty days following my death, this bequest shall lapse. III. I give the sum of Ten Thousand ("10,000.00) Dollars, cash, to that individual who indicates a willingness to care for any pet I may have at the time of my death. My executor shall have sole discretion to designate said individual after taking into account the individual's ability to care for any pet of mine for the lifetime of the pet . IV. I give the sum of Fifty Thousand ($50,000.00) Dollars, cash, to the Humane Society of Harrisburg, Inc., to be used for general purposes. V. I give, devise and bequeath the residue of my estate of every nature and wherever situate as follows: A. Twenty percent thereof to the Humane Society of the United States, Washington, D.C.; B. Thirty percent thereof to the American Society for the Prevention of Cruelty to Animals, New York, New York; C. Thirty percent thereof to the Wildlife Conservation Society, Bronx, New York; D. Twenty percent thereof to the Nature Conservancy, Arlington, Virginia, to be used for projects located in the United States. The bequest to all of the aforementioned charitable organizations Page 2 • shall become added to the general endowment funds of said organizations. VI. Any fiduciary under this will shall have the following powers in additio n to those vested in them by law and by other provisions of my will applicable to all property whether principal or income, including property held for minors, exercisable without Court approval, and effective until actual distribution of all property: A. To retain any and all of the assets of my estate, real or personal, without regard to any principle of diversification of risk . B. To invest in all forms of property including stock, common trust funds and mortgage investment funds without restriction to investments authorized for Pennsylvania h `.~ ~~~ f fiduciaries as they deem proper, without regard to any principle of diversification of risk. C. To sell at public or private sale, to exchange 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 they deem proper. D. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. E. To compromise any claim or controversy. Page 3 F. To distribute in cash or in kind or partly in each. G. To hold property in their names without designation of any fiduciary capacity or in the name of a nominee or unregistered. VII. I direct that all taxes that may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as a part of the expense of the administration of my estate. VIII. I appoint my father, Richard D. Rife, as executor of this my will. Should my father predecease me, fail to qualify or cease to act, I appoint the Orrstown Bank with principal offices in Shippensburg, Cumberland County, Pennsylvania, as executor of this my will. IX. No bond shall be required of any fiduciary hereunder in any jurisdiction. IN WITNESS WHEREOF, I hereunto set my hand and seal to this my Page 4 ., last will and testament, consisting of six typewritten pages, the first four of which bear my signature in the margin for the purpose t-P.- of identification this ~~- day of 2 QOM . ' (SEAL ) Signed, sealed, published and declared by the above-named testatrix as and for her last will and testament in our presence, who in her presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. ;y~ ' ~'~'~ i l'e~, ., ~ . arc ~ ~ . :~. ~ We, N. Hollis Rife, ~,~%~G '', ~~CC.~I/~'f~~~ and ._--~ /~"~/~ L, _ ~iLt j/ the testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last will and testament and that she executed it as her free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testatrix, signed the will as witnesses and to the best of their knowledge, said signer was at that time eighteen years of age Page 5 ~• • or older, of sound mind and under no constraint or undue influence . ~ ~. Testatrix fitness ~, (~~ ~~ Witness Subscribed, sworn to and acknowledged before me by the above-named signer and subscribed and sworn to before me by the a~ve-named witnesses this ~~ f`- day of .4../ hE.~.~ 2 ~i~~ ~-_~-- ~~ __. , .,~~~ 1~~~.~. No ry Pu 1 i c C4MMONWcALTH OF PENNSYLVANIA Notarial Seal Teresa 3. Burkholder, Notary Public Shipppensbur~ Sora, rumbertand County My Comnnission Expires Aug. 6, 2008 Member, Pennsylvania Association of Notaries Page 6 WOLFE ~ SHEARER APPRAISAL SERVICES 33 South Pitt Street, Carlisle, Pennsylvania 17013 RIFE Fie No. 07-095 APPRA{SAL OF j~prS ~• /i- ! , ' - _^~. ! i rk' ~'Y ~`., ~' ~ _ - "~ w - ~./~ T n _. { 1/ rt •4. ' jt_ SUMMARY APPRAISAL REPORT LOCATED AT: 549 Bridgeview Drive Lemoyne, PA 17043 FOR: Joel R. Zullinger, Esq., Client 14 North Main Street, Suite 200 Chambersburg, PA 17201 BORROWER: Na AS OF: August 2, 2007 BY: Larry W. Slusser, Certified Residential Appraiser Certified Residential Appraiser WOLFE & SHEARER APPRAISAL SERVICES 33 South Pitt Street, Carlisle, Pennsylvania 17013 • RIFE File December 17, 2007 Estate of N. Hollis Rife Joel R. Zullinger, Esq., Client 14 North Main Street, Suite 200 Chambersburg, PA 17201 File Number: 07-095 Dear Attorney Zullinger: In accordance with your request, I have appraised the real property at: 549 Bridgeview Drive Lemoyne, PA 17043 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of August 2, 2007 is: $806,000 Eight Hundred Six Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully, /~~~ Larry . Siusser, Certified Residential Appraiser Certified Residential Appraiser RL-000802-L PA Summary RIFE Individual Condominium Unit Appraisal Report FlIeNo. 07-095 The purpose of this appraisal report is to provide the diem with a credible opinion of the defined value of the subject properly, given the intended use of the appraisal. Cisnt Name Jt3el R. Zullin ~ Es .Client E-mail tAddreas 14 North Main Stree Suite 200 Ci Chambersbu State PA Zi 17201 Addieortsl Intended s Onl intended user is the Estate of N. Hollis Rife. Inierrded flee Estimate market value fora uideline in settle to hi hest bidder. Address 549 Brid eview Drive CI Lemo ne Stara PA 17043 owner of Pubic Record N. Hollis Rife Coon Cumberland L of lion Cumberland Coun Deed Book 148 Pa a 117 co attached to this re rt . "Assessor's Pacsl t 12-20-1858-010.-U26 Tax Year 2007-2008 RE. Taws S 9 118.63 ' hborltood Name Brid rt Reference ADC Ma 20: F-1 Census Tract 3240-0106.00 ' M X Fee Si Leasehold Other describe research did X did rat reveal sales a transfers of the sub for the three a for to the effedhre date of this sisal. Prior Saie/rransfer. Date October 29 1996 Dice 485 000 sour s Cumberland Coun Deed Book 148 Pa a 117. Analysis of prior sale a transfer hiehory of the subject property (end cortrparable sales, if applicable) The SUb'eCt roe was urchased new b the current owner on October 29 1996 for a consideration of $485 000. Offerings, options and conireds es of the affective date of the appraisal None fMiphborfrood Chrtnelarfsda Cwrdorninirrn Uri! Florniny Tends ,. Condominium Flaelrry ._ Praaant Larrd Up % Location lJrban X Suburban Rural Values X Inaeasin Stable Dedini PRICE AGE One-Unit 100 % Bait- X Over 75% 25-75% Under 25% Demand/Su Sh e X M Balance Over Su OOD 2.4 Unn 0 % Growth X Stable Sbvr Marketi Time X Under 3 mths 3.6 mths Over 8 mths 400 Low 4 Mufti-Famr 0 % Neighborhood Boundaries See Attached Addendum 1 200 H' h 15 Comm~dal 0 % 550+ Fred. 5-10 Other 0 % Neightwrtrood Description The sub' t is located in Lemo ne Borou h. Schools sho in em to meet reacreation and houses of worshi " are all within a short drivin time of the sub'ect ro .Good roe maintenance ro rams were observed. Em io ant stabil is ood due to the State Ca itol in Harrisbu the Arm Su I D of in New Cumberland and the Naval Su I D tin Mechanicsbu and sedan West Shore Area. Stead rice increases and MLS statistics show a ood demand for the area. market ca,aitiorta ('mdudktg suppartfor the above condusiona) Coun tax records and MLS statistics show races to be increasin .The MLS shows that the asst marketin time for the area is less than 90 da s. Mort a funds are reedit available with conventional loans bean 5.75% to 6.75% interest fixed 30 ear 95% mort a e with u to three cants. Sellers are not r uired to offer sales or financin concessions but some seller assistance is occurrin . T Hi hand roilin size Averse Densi Hi h Va3w Good Zon' Clasaificatron UR Zoe Des ' n Urban Residential Zonin ce X L al L el Nonconformi No Zonin In al describe k the highest end best use of the subject property as improved (or as proposed per plans and spedfications) the present use9 X Yes No ff No, describe. Uttltlias Public O!ltsr dsstxllos Public OlMr describe Off-aka Im ovemsnts-T Publle Privtrb . v X water X street Paved macadam X ' Gas X San' sewer X No alie site Comments The site sets hi hand overlooks the Su uehanna River and the ci of Harrisbu .There are no adverse conditions that would affect the current value or future value of the site. Data sour s for information Michael L. Martin Inc. 717 938-1864 and Kath n at Pro Mana ement inc. 717 730-4141. Pro 'lion Detadted X Row or Townhouse Garden Mid-flies H h-Rise 0th describe Gerrari Description General Descriptor .General Deaaiptlon. General Defafption " ~ - ; - Project Info ;_". • ff at Seoriee One F_Ifsctiva a 11 Years Exterior wens Brick Vin i Ratio acealunits 4 to 1 * of units 26 • ff of t7evalara One X Fxisti Fro Roof Surface Com .Shin le T Gars a 8, Drivewa tx of units tea 26 ~ Year Bust 1996 Under Construction Total f Parka 4 Guest Drivewa 2 * of Units Rented 0 Deacrr~e the oorrditiorl of the project arM quaily of consWdlon. The construction uali is ood and the home is in avers a condition. There were no a rent functional lead uacies. There are no h sisal deaficiencies or adverse conditions that effect the livabili soundness or structural ant ri of the roe .The roe enerall conforms to the nei hborhood functional trtili s Ie use construction etc. . • Describe the common elements and reaeatbnal fadlkies. The common elements are rase areas and arkin s aces. The common areas are well maintained. The sub'ect unit has a 4.5976% interest in the common elements. Gf]JERAI: DESCRIPTION INTERIOR fnatarialslcorldNioll ` : AMt7dITIES `' APPLWNCES t;JIR STORAIGE. Floor s Second floor Floors Ca et ceramicwood/A X F s ~ 1-GaS X R ' orator None f ~ Levels One Level wane Painted d all/Av woods s * None X Ran e~lOven X Gar a Covered n tieatl T FWA Fuel Gas TrimlFinish Wood/ intvamlSh DecwPatioNOne X DI X Microwave fxofCara2 X central AC Individual AC Bath wainscot Ceramic/AverB e X aorduBatca, 9' X 22' X Dicttwasner X owned OMs desanle n/a Doors 6 Panel HC/Averse X other 4' X 11' Porch wearer Par ' oe ~ 2 Finished area above a contains: 8 Rooms 3 Bedrooms 3.5 Ba a 3 928 ware Feet of Groan Livi Area Above Grade ' Coranenta on the kr>pravements•. The sub'ect is 11 ears old. it is in avers a condition. Theca et is in fair to avers a condition. The bathroom in headroom number 2 needs the cellar aired due to a leak that was aired and a hole was cut in the cellar .The hole area is o .The cellar in the kitchen also has dams a from a water leak. ~~TM noucso urgna mw~.aw.w..arzr .wM.o.so.wn ,.rf,vm..,y,q.vs,waw GPARw Geitar o...+.. •.-. .~..y... ~l~ Ppr.1 d2 ( ) ~P°'° ~~ on Osostt2rar Summary RIFE Individual Condominium Unit Appraisal Report File No. 07-095 FEATURE SUBJECT COMPARABLE SALE N0. 1 COMPARABLE SALE N0.2 COMPARABLE SALE N0.3 Address 549 Bridgeview Drive ~r,d Lemoyne UnR t~ 26 Projea Nerve and Bridgeport Condominiu Phase 1-Plan Book 71, Pa a 66 507 Bridgeview Drive Lemoyne, Pennsylvania Unit number 1 Bridgeport Condominiums Phase 1 PB 71 Pa a 66 555 Bridgeview Drive Lemoyne, Pennsylvania Unit number 27 Bridgeport Condominiums Phase 1 PB 71 Pa a 66 511 Bridgeview Drive Lemoyne, Pennsylvania Unit number 3 Bridgeport Condominiums Phase 1 PB 71 Pa a 66 Pro>ani to Su ' 20 units south of sub'ect 3 units north of sub'ect 18 units south of sub'ect Sob Price i n/a i 775 000 S 863 325 895 575 sale PrioalQoee Liv. Area S 0.00 . tt. S 201.46 . tt. S 222.22 . n S 232.80 . R. Data s Court House Rec. Exterior Ins tion and MLS Exterior Ins action Exterior Ins ion and verifcation s In ion Court House Records Owner & Court House Records Court House Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION - SAd' DESCRIPTION - s-e' DESCRIPTION ->s~° sale ar Finandng Concessions Na Na Unknown None Known Cash Sale No Concessions Unknown None Known Date of SelelTlme Na 8/27/2004 131 000 7/30/07 7/6/04 176 000 Loation Good-Subufian Good-Suburban Good-Suburban Good-Suburban LeesefbldlFee Fee Sim le Fee Sim le Fee Sim le Fee Sim le HOAMo.Aasessrtant $544 ermonth Similar Similar Similar Common Ebments artd Rec. Fedl'~ties Green Spaces 4.5976% interest Green Spaces 4.8651 % interest Green Spaces 4.7331 % interest Green Spaces 4.8761 % interest Floor Location Second floor First Floor First Floor First Floor Vlew Good Good Good Good ' n One Floor One Floor One Floor One Floor of Construction Good Good Good Good Actual 11+/_ Years 10 Years 11 Years 10 Years Condition Avers a Avers a Good -25 000 Good -25 000 • Atwve Grade TdN aabm Tatd ~ Beam Trial Bdrnm. Beam ToW BM1nm adh Room Count 8 3 3.5 8 3 3 2 000 8 3 4.5 -5 000 6 2 3.5 = doss ' ~ Area 3 928 . rt. 3847 . n 3 885 . rt. 3847 . rt m Basement 6 Finished Rooms Below Grade 50% Basement Unfinished 50% Basement Finished -25 000 50% Basement Finished -25 000 50% Basement Unfinished Fundiorlel Good Good Good Good FWAICent. Air FWAiCent. Air FWA/Cent.Air FWA/Cent.Air En Etfiaent kerre T ical T ical T ical T ical 2 Car Gara a 3-Car Gara a -5 000 2-Car Gara a 3-Car Gara a -5 000 PorcNPatiolDeck Porch Porch Patio -2 000 Porch Patio -2 000 Porch Patio Fi ace 1-Gas Fire lace 1-Gas Fire lace 1-Gas Fire lace 1-Gas Fire lace Other 4' X 11' Porch 4' X 11' Porch 4' X 11' Porch 4' X 11' Porch Exterior Brick Vin I Brick Vin I Brick Vin 1 Brick Vin I Net Ad' stment otal X * S 101 000 + X - S 57 000 X + $ 146 000 Adjusted Sale Price Net Adj. 13.0% Net Adj. -6.6% Net Adj. 16.3% of Co atrles CwssAd' 21.3% E 876 000 doss Ad' 6.6% i 806 325 GroBeAd' 23.0% S 1 041 575 Sumrrlery of sales comparison Approach After a thorou h search of all available data the com ambles chosen were considered the best available. The four 4 com arable sales used were the onl sales since Jul 6 2004 in Brid ort Condominiums. Ad'ustments were made to reflect substantial differences between the com arable ro erties and the sub act. These line ad'ustments are not market- extracted due to a lack of ad uate market data and are la el sub'ective in nature herein. The ad'ustments that were made reflect the ical actions of b ere and sellers in the market lace. Date of Sale/Time ad'ustment made based on A reciation rate for residential sales from Central Penn Multi-List statistics. reciation Rate for 2004 bein 9.5% for 2005 bein 8.8% and 2006 bein 5%. The most wei ht was laced on Com arable Sale Number 2 as it is the most recent of the four 4 com arable sales. The Sales after ad'ustments establish a ran a of value for the sub'ect. The ran a of value bein $806 000 to 1 100 000. indka>haa Value Salsa S 806 000 INCOME APPROACH 7o VALUE Esfnmted Market Rent S Na X Gross Rent Mu ' Ter Na = i Na hrdicated value b Income • Sumnlay ~ hlcortle Apptoach (aldudk-g support for market rent and GRM) Due to the sub act bein a sin le famil residence and the lack of rental data for Bri a ort Condominiums all units are owner occu led the Income A roach was considered Ina ro riate and not utilized. In~cabd Value Sales Ison oath f 806 X00 Income oaeh N drawl d f Ne The Sales Com rison roach to value enerall indicates the best value for the sub'ect roe .The Income roach was considered but is not a ro riate for this a sisal."The value shown is retros active market value as of the date of death. • This appraise{ is made X 'as is; subject to completion per plans and specficetkuis on the basis of a hypothetical wndition that the improvements have teen completed, subject to the fdknt'ing repairs ar albaretbns on the basis of a hypothetksl condtiion that the repairs or alteratkNra haw been completed ^ subject to the tolbwing; tisassd on the scope of work, assumptions, limiting conditions and appraiser's ceriiflcation, my (our) opinion of the defined value of the reel property that is the subject of this ~t is S 806,000 ass of August 2, 2007" ,which is the eRective date of this appraisal. iu .,Wry.... Paaa2d2 ..,.........~....,..,..~ ~~~,.~,..y.ny,.....,.~o,,, (GPAR'a)Ga+aalPu9~~PP~alRapat Ofi12008 ePfR107! 05°6112006 9~.,»~»~~~.o,.~-~,„.y~.»~.,~.... Wolfe & Shearer Realtors Summary RIFE Individual Condominium Unit Appraisal Report Fde No. 07-095 FEATURE SUBJECT COMPARABLE SALE N0.4 COMPARABLE SALE N0.5 COMPARABLE SALE N0.6 Address 549 Bridgeview Drive and Lemoyne untt* 26 553 Bridgeview Drive Lemoyne, Pennsylvania Unit number 28 Project Name end Bridgeport Ctxldominiu Phase 1-Plan Book 71 Pa a 66 Bridgeport Condominiums 1-Plan Book 71 Pa a 66 to sub 2 units north of sub eCt sale Price S Na S 1 200 000 S ~ S Sale FricelCtloas Liu. Area S 0.00 . ft S 273.66 . ft. i ft. S . ft. Data sar s Court House Rec. MLS Exterior lns action and verification sour s Ins edion Court House Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION K- t M DESCRIPTION - S DESCRIPTION - S Ad' Sate or Rnencing Concessions Na Na Conv. Financing No Concessions Date or Salafime Na 11/15/05 60 000 Lors~tial Good-Suburban Good-Suburban LeeseholdlFee Fee Sim le Fee Sim le HOAMo.Assesament 544 ermonth Similar Common Elements and Rea FadUdes Green Spaces 4.5976% interest Green Spaces 4.7041 % interest Floor Locatbn Second floor Second floor View Good Good Deal n le One Floor One Floor dual of Construction Good Good Actual a 11+/- Years 11 Years Condition Averse Ve Go od -100 000 AbOVe Grade Tall Bdnna BaC» ToW Batl• TaW BaBr T°ul BNhe Room Count 8 3 3.5 8 3 4.5 -5 000 ~u sae 3 928 . ft. 4 385 . ft. -36 560 . ft. . ft. Basement 8 Flnished Roans Belolw (recta 50% Basement Unfinished 50% Basement Finished -25 000 Functional Utlt Good Good I1eaU FWA/Cent. Air FWA/Cent.Air En Effident Items T ical T ICaI 2 Car Gar a 3-Car Gara a -5 000 Porch/Patio/Dedr Porch Porch Fire lace 1-Gas Fire lace 3 Fire laces -6 000 . Other 4' X 11' Porch 4' X 11' Porch Exterior Brick, Vin I Brick Vin I Net ad' t otal + X - S 117 560 + S + S • Adjusted Sale Rico of Co ambles Net Adj. -9.8% (toes Ad' 19.8% S 1 082 440 Net Adj. % (lass Ad' % S Nat Adj. % Close Ad' % S Summ of Sales Com arieon ch ~y r.ava~a~•n.nm..ewzr~enzi.....ar~.am im•rmccprq~•auo-aw~aunumwmocr~•°rNnt,~, iugyowrvaa /^`~i.~/~^~~• ~0°'l (~~') Gm.al Fapor ~~t~asr~ao~ae i~I ~i .t14.,:4fn~x nnln %IM1a~r(x1MY Borrower. n/a File No.: 07-095 Property Address• 549 Bridgeview Drive Case N_ o.: RIFE _ City: lemovne State: PA Zip: 17043 Lender. Joel R. Zuilinger, Esq., Client Neighbofiood Boundaries The subject neighborhood is bounded on the North and East by Wormleysburg Borough/lemoyne Borough boundary line, on the South by fndiana Avenue and Negley Park and on the West by Riverview Road. Addendun Page 1 of 1 RIFE Flie No. 07-095 Scope of Work, Assumptions and Limiting Conditions Stops of work is defined in the Uniform Standards of Professional Appraisal Practice as "the type and extend of research and analyses in an assignment." In short, scope of work is simply what the appraiser did and did not do during the course of the assignment. ff includes, but Is not limffed to: the extent to which the property is idsMiflsd and inspected, the type and extent of data researched, the type and extent of analyses applied to arrive at opinions or conclusions. Ths scope of this appraisal and ensuing discussion in this report are specific to the needs of the client, other ideMffled intended users and to the intended use of the report. This report was prepared for the sole and exclusive use of the client and other tdentifled intended assts for the identified intended use and its ass by any other parties is prohibited. The appraiser Is not responsible for unauthorized use of the report. Ths appraiser's certification appearing In this appraisal report is subject to the following conditions and to such other specific condffions as are set forth by the appraiser in the report. Ali extraordinary assumptions and hypothetical condffions are stated in the report and might have affected the assignment resuks. 1. The appraiser assumes mo resporrsibggy for matters of a legal naWre atfecGng the property appreised a figs thereto, nor does the appraiser render arty opinion as to the title, whidt is assumed to be good and marketable. The properly is appraised as though under responsible ownership. 2. Arty sketch in this report may show approximate dimensions and is inducted only to assist the reader in visualizing the properly. The appraiser has made no aravey of the properly. 3. The appraises Is not required to give testirnorry or appear in wort because of having made the appraisal with reference to the property in question, unless arrangements have been previously made thereto. 4. Neither all, nor arty part of the content of this report, espy ar other media thereof (inducting wndusions as iA the property value, the klenffiy of the appraiser, professional designations, a the frm with which the appraiser k connected), shall be used for any purposes by anyone but the diem and other intended users as identified in this report, nor shah it be conveyed by anyone to the Pubec through advertising, public relations, news, sales, a other media, without the written consent of the appreiser. 5. The appraiser wig not disokree the contents of this appraisal report unless regaled by applicable lair or as spedfied in the Uniform Standards of professional Appraisal Radice. 8. krformation, estknatea, and opinions fixrrished to the appraiser, amd contained in the report, were obtained tom sources wnsrdered reliable and believed to be true end cared. Fbwever, rro responaibiflly for acdracy of such items famished t4 the appraiser h assumed by the appraiser. 7. The appraiser asmrmes that (here are no hidden a unapparerrt wndlgons of the property, subsoil, or structures, which would render g more a less valuable. The appraiser assumes no responsibility for such conditbns, a for engineering or testing, which might be requ~ed to diswver such factors. This appreisal is not an envaonmental assessment of the property and shoukf not be wnsidered as such. 8. The appraiser specializes in the vakuation of real property and is not a home inspector, building wntrador, structural engineer, ar simgar expert, unless otherwise noted. The appraiser dk1 not wndud the intensive type of field observatlons of the kind Intended to seek and diacmer properly defects. The viewing of the property and any improvements is for purposes of developing an opinon of the defned value of the property, gNen ttxa intended use of this assignment. Statements regarding wndition are based on surface otrservations ony. The appraiser daims no special expertise regarding issues indud'mg, test not limited to: foundafbn settlement, basement moisture problems, wood destroying (or other) insects, pest infestation, radon gas, lead based paint, rtrold a envionniental issues. Unless otherwise indicated, mechanical systems were not activated or tested. This appraisal report should not be used to disclose the wndition of the properly as it relates to the presence/absence of defects. The diem is invited and encouraged to employ qualified experts to inspect end address areas of wncern. tl negative wnditions are dlswvwed, the opinon of value may be etfected. Unless otherwise noted, the appraiser assumes the components that constffrrie the subject property improvement(s) are: fundamentally sound and in working o-der. My viewing of the properly by the appraiser was limited to readily observable areas. Unless otherwise noted, attics and aawl space areas were not accessed. The appraiser did not move iumibxe, ikxx wverings a other Items that may restrict the viewing of the property. 9. Appraisals involving hypothetical wnditlons related to wmplation of new wnstrudlon, repairs a alteraton are based on the assumption that such wmpletion, alteration or repass wig be rxunpetently performed. 10. Unless the intended use of th)s appraisal specifically includes issues o} property insurance wverege, this appraisal should not be used far such purposes. Reproduc~on or Replacement wet figures used in the wet approach are for valuation purposes ony, given the intended use of the a~ignment The Detington of Value used in this assignment is unlikely to be wnsistent with the definition of Insurable Value far property insurance wveregeNse. 11. The ACI General Purpose Appraisal Report (GPARTMj is not intended for use in transactions that require a Fannie Mae 1004fFreddle Mac 70 form, also known as the Unfform Residential Appraisal Report (I1RAR). Additional Comments Related To Scope Of Work, Assumptions and Limiting Condfflons /~~~/~~~ RodioduMnaAp c~ra.8Wl~la'Zl wr.mweoom Trb ran COpy~IdMOaKed0a6AG dWrlondlSOCWsaMMots, Nn, Nrry~ik lYrv~d 1i~ ~/~ti~ -n IGP~°)~d~P~~PP~Ard.Ni 0601f)~7D08 ~~ye"M~ "xawn :reTirwa< RIFE File No. 07-095 Appraiser's Certification The appraiser(s) certHles that, to the best of the appraiser's knowledge and belief: 1. The staterrbnts of fad contained in this report are true and corned. 2. The reported analyses, opinions, end conduaions ero limited ony by the reported assumptions and iimitlng conditbns and are the personal, hnpartial, and unbiased professional analyses, opinions, and oondusione. 3. Unless otherwise stated, the appraiser has no present a prospective interest in the properly that Is the subject of this report and has no pereonat interest wdh rasped to the parties involved. 4. The appraiser has no bias with rasped to the properly that is the subject of this report or to the pandas Involved witty this assignment. 5. The appraraen's engagement b ihb assignment was not contingent upon developing ar reporting predetermined results. 8. The appraiser's oompanseflon for mmpletlng this assignment is not oontlngent upon the development or reporting of a predetermined value or direction in value that favors the cause of the dient, the enaunt of the value opinbn, the attatrunent of a stipulated reauk, a the occurrence of a subsequent event directly related m the intended use of this appraisal. 7, The appraiser's analyses, opinbns, and oondusbns were devebped, and this report has been prepared, in wniormNy with the Uniform Standards of Professional Appraisal Practice. 8. Unbss otherwise noted, the apptaLeer has made a personal inepecdon of the property that is the aubjed of this report. 9. Unless noted bebw, ra one provided significant real properly appraisal asatstance to the appraiser signting this certification. Significant real property apprefsal assistance provided by: Addkional Certifications: Definition of Valus: XQ Market Value ~ Other Value: Source of Definition: Fannie Mae Form 1004 March 2005 The most probable price which a property should bring in a competitive and open marilet 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 or she consideres his or her own best interest: (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and {5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. ADDRESS OF THE PROPERTY APPRAISED: 549 Bridgeview Drive Lemoyne, PA 17043 EFFECTNE DATE OF THE APPRAISAL: AUQUSt 2, 2007'"" APPRAISED VALUE OF THE SUB.IECT PROPERTY S 806,000 APPRAISER _ ,'/ Signature: ~~~'"~ '~' Name: Lane . Slusser, Certified Residential Appraiser SUPERVISORY APPRAISER Signaturo: Name: State Certlfication # RL-000802-L PA State Certlfication # or License # or License # ar Other (deeaibe); State #: State: state: Pennsylvania _ Expiration Date of Certlficetion ar License: _ E~ietion Date of Certillcatlon « Lioense:.lune 30, 2009 Date of Signature: Date of Signature and Repot: December 17, 2007 Date of Property Viewing: Data of Property Viewing: August 2, 2007" Degree of property viewing: Degree of property viewing: ^ Interia and Exterior ^ Exterior Ong XO Interior and Exterior Q Exterbr Only ^ Dkl not pereorraky view ~~ry P1ose~0 uip M.ltlw~, aOUT]I.erliww.arlrW.tan ThYrv„1Cq,~~0a1K.a lYd not personally view (GPAR'Y) Gewal Wolfe & Shearer Realtors Borrower: Na File No.: 07-095 Pro Address: 549 Btid eview Drive Case No.: RIFE City Lemoyne State' PA Zip:_17043 Lender: Joei R. Zullin er E Client .. .:: i.. ~Ji-~..~:, ~~COrFC:.R Oh OeFU~ ';::!~5r~i~l,'.'tG CDU1JiY-i'w ' 9ii OC'i ~y Rf7 10 22 7'.~I~>S' DEAD, rXy~. made ute ~ day ..r (.1 C ~ ~t~ (' , J99G, BETWEEN BRIDGEPORT ASSOCIATES, INC., a Pennsylvania corporation ("Declarant") and MICI-IAEL I,. MARTiN, INC., a Pennsylvania corporation ("Successor Declarant"), GRAN'T'ORS, AND N. hIOLLIS RIfG, single person, of Ncw York City, Ncw York, I'arly of the Second I'arl, hcrcinalicr dcsignalcd as the GRANTIZ[:. VVITNESSITH, that the Grantors for and in consideration of FOUR 4IUNDRED EIGHTY-FIVE THOUSAND AND 00/100 (5485,000.00) DOLLARS, lawful money ol'the United States of America, to the Gra,lWrs in hand well antl tNly paid by the Grantee, at or before the sealing and delivery of theme presents, the receipt whereof is hereby acknowledged and the Grantors being Therewith fully s<~tislicd, do by these prescnls grant, bargain, sell and convey unto the Grantee forever. ALL THAT CERTAIN condominium unit situate, lying and being in the Borough of Lcmoync, Cumberland County, Pennsylvania, which has been submitted to llte provisions of the Pennsylvania Unifomt Condominium Act by the recording of tltc Seventh Amendment to tltc Amended and R~Wted Dcelaratioaof Bridgeport Condominiums dated December 15, 1995, and recorded in the OOicc of the Recorder of llceds in and for Cumberland County in Misc. Book 510, Page 634 logcthcr wish the Plats mtd 1'Inns recorded therewith and in I'Ian Book 71, Pagc GG, lx;ing designated in such Declaration as Unit No. 26, Building 5, located on 'Tract IV-A of Bridgeport Condominiums, a flexible Condominium, logcthcr with a proportionate undivided interest in the Common Elements, to defined in the Ucclaralion ol'S.71%. BCING A PART OF lltc saute premises which 1•lasbrouck S. Wright, et al. by deed dated September 30, 1986, recorded May 21, 1987, in Cumberland County Recorder of Deeds Book R-32, !'age 261, granted and conveyed unto Michael Q. Davis, Trustee for the . incorporators of Bridgeport Associates, Inc., a Pennsylvanin corporation, to be incorporated. I ~ eooK ~qg r>tcf ii7 1 ANU BEING PART OC TIIE SAME premises which Michael Q, Davis, "frustcc I'or tltc incorporators of Bridgeport Associates, Inc., by deed dated March 9, ] 987, recorded May 21, 1987, in Cumberland County Dccd Dook 1~-32, Pagc 268, granted and conveyed unto 13ridgeporl Associates, inc., a Pennsylvania corporation, one of the Grantors herein. IIridgeport Associates, Inc, joins in this Deed only to confirm that it has transferred all of its interest, if any, in and to Unit No. 26, Building 5, located on Tract 1V-A in IIridgeport Condominiums, which has not beeat previously transferred to 5ucccssor Declarant. rURTHER BEING a unit subject to the Partial Assigmnent of Special Declarant Rights between Bridgeport Associates, Inc., and Michael L. Martin, Inc., dared June 8, 1995, and recorded in the Office of the Recortlar of Deeds in end for Cumberland County at Miscellaneous Book 497, Pnge 1073. UNDEfi AND SUBJECT to rcslriclions, rights-ol=way, easements and agreements nl' record. TOGETHER with all and singular the buildings, improvements, ways, woods, waters, watercourses, rights, liberties, privileges, hcreditamcnts and appurtenances to the same ttclottging or in anywise appertaining; and the reversion and reversions, rcntaindcr and ronminders, rents, issues and proCts thereof, and of every part and parcel thereof; ANU ALSO aU tlx: eslatc, right, title, interest, use, possession, property, claim and demand whatsoever of the Urantnrs both in law and in equity, ol; in and to the premises heroin dcscritx:d and every pan and p:u•cta thcrcol' with the appurtenwtces. TO hIAVE AND TO MOLD n11 and singular the premises herein described together with the heredilaments and appurtenances unto the Grantee and to the Grantee's proper use and benefit forever. AND cite Grantors covenant that, except as may be herein set forth, they do and will forever specially warrant and defend cite lands and premises, hereditaments and appurtenances hereby conveyed, against the Grantors and all other persons lawfully claiming the same or to claim the same or any part thereof, by, from or under i[, them or any of tltcm. In all references herein to any parties, persons, entities or corporations, the use of any particular gender or plural or singular number is intended to include the appropriate gender ur numhcr as the text of the within instrument may require. Wherever in this instrument any parry shall be designated or referred to by name ur genera! trl'crence, sttclr designation is intended to and shall have the snmc cllect as if the wc+rds "heirs, executors, administrators, personal or legal reprcscntativcs, successors and assigns" hatl been inserted after each mid every such designation. _ .,{ aoo>< 148 rice 118 i:<; FLOORPLAN City Lemoyne State PA Ip, 17043 DRAWING NOT TO SCALE ..... ......... - ... ..>.;. . ..?L~...._.~C....... _ • :f~ _... :X` :Z: ~• -~; _ ']•~: ~ ~: ;y: _ :-i::.' - .:.:. K :'}~:'" ;:kj: "i' ....,. _. . . ..1' . .., Q:` .. ... . , ... _... ..: .. . .- ~~ . ... _.... ..,.,., , ::~:.;.:~X.:. ;.:. ..7:9.:..:~.:.....2: :::~::::: ~ Yz .~. R .. ..,.,_,. ......... .5..}.i.;..;.{..x.1.;.. ...:.... ... ........ .1..;..}.1.x..1.{..;..~. :. .... •:• ~~-=- .. .;..}.j... ,1.. - .. _ ~:j. ::}:::~, :'.5.: ... : :.....;. I: ......... ....................... .................... 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'./.:; . ...~. .~. .j.: .F. .:..~.,,j :.~:} 1 ~.. 1• ..~'. . ~.... i. ~..i .:. ~.:.:.. . . . . . ..r......,. ~...... -... .z 1.; :~:T . q..j.j. {..j.j. {..j. j.. •i•i• . ~..;.. j.:..j.{..}.:. {.. .j. {..j. j. {..j.~..j.j. •1- __ . i....j., .j. i..j. ;. .j. {..j .j. ..j.j..}.j. ~. i.j..}.7. .-',. .:. ;. {.. j. i..i.i. {:.:. . .{..}.j. r..i. j. .. ... . . i. j. {..j. ;. :....:.. . {..}. ..; _ ..;. i.. .j.~..; .j.:..y.:..}.j. . : '.. .'. i. ~.. :_.j.i..j .i. i..j. .{.. j., Foan SKT.BIdSk- `TOTAi. for YINldows' apprafsW soRwae by a la mods, inc. -1-800-NAMOOE SUBJECT PROPERTY PH~TA ennFNni r~ Borrower: Na File No.' 07-095 Property Address: 549 Bridgeview Drive Case No ~ RIFE City: Lemoyne State' PA Zlp' 17043 Lender: Job R. Zullin er E .Client FRONT VIEW OF SUBJECT PROPERTY Appraised Date: August 2, 2007 Appraised Value: $ 806,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE .1 Ja'_... .. ... _ ~ocaT~o,, ~~ gti 1, +s'; ~ yRi ~ re„ Sf ~3'au^f ~~ wormtayt+~ _ s,~,~~ °-~ ,,„ 1~ '~ 4~ ~~'7! C~pmabie $81e2 3~> r.4„~ D{~ ~® jar ~B~ pp~17043.1 ~~ '~ ~ 4r. [4.03 miss eta Sab ~ Dirve "`~ pp 17043.1300 ,~ayDirva .. L4gepp 17643.1300 [0.03 mien ~ I ~~9aviaw pr ~. ~. fl• . 01 ,~" ~~,. ~. 1 I Cock{a~~~ Dime ~07~ p5 ~ ?p43-1300 i [015 miss L'r Lam Sale 3 ~ ~gy 4eric Cor~Q~ ' piMC 51~ n"d9 PA j7043-~~ ry 0.1 ~s SE} ~; ~: ,,, ~. '. = 1 ~, ~~. 1 '~, ,,~a' _ ~ - rr ' ~' ~~ 1 ~; ~~~ .~~ r : „~ COMPARABLE PROPERTY PHOTO ADDENDUM Borrower. Na File No.: 07-095 Property Address: 549 Bridgeview Drive Case No 'RIFE City: Lemoyne State' PA Zip• 17043 Lender: Joel R. Zullin er Es .Client COMPARABLE SALE #1 507 Bridgeview Drive, #Unit number 1 Lemoyne, Pennsylvania Sale Date: 8/27/2004 Sale Price: $ 775,000 COMPARABLE SALE #2 555 Bridgeview Drive, #Unit number 27 Lemoyne, Pennsylvania Sale Date: 7130/07 Sale Price: $ 863,325 COMPARABLE SALE #3 511 Bridgeview Drive, #Unit number 3 Lemoyne, Pennsylvania Sale Date: 7/6/04 Sale Price: $ 895,575 ` COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: n/a File No.: 07-095 Property Address:549 Bridgeview Drive Case No.: RIFE City: Lemoyne State: PA Zip: 17043 Lender: Joel R. Zullin er Es .Client COMPARABLE SALE #4 553 Bridgeview Drive, #Unit number 28 Lemoyne, Pennsylvania Sale Date: 11/15/05 Sale Price: $ 1,200,000 COMPARABLE SALE #5 Sale Date: Sale Price: $ COMPARABLE SALE #6 Sale Date: Sale Price: $ 41 0 041 965 $ 3,992,100.08 410 019079 $ 1,156,991.97 410 039282 $ 743, 886.15 410 055135 $ 499,803.67 Total $ 6,392,781.87 Page 1 of 1 Name of Security # of Shares Price Per Share Total Value ADVANCED MICRO DEVICES 959.00 $ 13.40 $ 12,850.60 AES CORP 440.00 $ 19.93 $ 8,769.20 ; ALCATEL-LUCENT ADS 390.00 $ 11.77 $ 4,590.30 ALLIED IRISH BK SPON ADR ORD 16,380.00 $ .. 54.20 $ 887,796.00 AMGEN INC soo.oo $ 51.44 $ 30,864.00 ` ANHEUSER BUSCH COS INC ~ 400.00 $ 49.70 $ 19,880.00 ARCH COAL INC 700.00 $ 28.87 $ 20,209.00 BANK OF AMERICA CORP 1,000.00 $ 47.78 $ 47,780.00 CASEYS GEN STRS 2,000.00 $ 25.77 $ 51,540.00 CISCO SYS INC 700.00 $ ~ 30.13 $ 21,091.00 ~CITIGROUP INC 800.00 $ 47.24 $ 37,792.00 ;CITIZENS COMMUNICATIONS CO ~ ;c~coLA CO 4,957.00 $ 500.00 $ ~., 13.98 ~ $~ 53.66 $ 69,298.86 26,830.00 COLGATE PALMOLIVE CO COMCAST CORP CL A SPECIAL NEW ~ ~ 200.001 $ 450.00 $ ~ _ ~ 67.25 ~ ~ 25.62 ` $ ~ 13 450.0 11,529.00 COMMUNITY BANKS INC ICONS EDISON INC (HLDG CO) ~_~~~. ~~~' ~ 1,232.00 $~ ~ 400.001 $ _.~ ~~ 26.34_ $ 45.46 '~$ ._ ~m~~~~ 32,450.88 18,184.00 ~µ~M £COVIDIEN LTD CVS CAREMARK CORP rn~ ~ 1 301.00! $ ~.~..~.~ 800.00 $ ~ 41.7 $ 36.79 1 $ 54,316.75 29,432.00 DEERE & co 2oo.ooi $ 120.18 $ 24 036.00 DEVON ENERGY CORP NEW DISCOVER FINCL SVGS ~~~ ~._. ~.. ~~ 400.00 $ .~...,~..,.-.-.~.~.~..~~.,..__...~_ ~. 150.00 $ 79.31 $ n... .,..~..-..,w... 23.37 ~ $ 31,724.00~~ 3,505.50 DISCOVERY HLDG CO CL A ~ 100.00 $ 23.77 ' $ ~ 2,377.00 I DONEGAL GROUP INC CL A 1,400.00' $ 15.32 = $ 21 448.00 `~PONT EI DE NEMOURS & CO ~~~ ~ i EMC CORP MASS €EXXON MOBIL CORP mm ~ ~~~ ~ 300.00; $~ 1,000.00$ 600.00 $ ~~~ 47.14 ~_$~ 19.15_1 $~ 85.18 ~ $ 14,142.00 19,150.00 51,108.00 ~FU~ LTON FiNL CORP PA ~~M 1,798~00~ ~ 13.44 $ 24,165.12 GENERAL ELECTRIC CO 700.001 $ 39.03 1 $ 27,321.00 GILEAD SCIENCE 800.00 $ 37.71 $ 30,168.00 HARSCO CORP 600.00 $ 55.68 $ 33,408.00 HOLLY CORP COM PAR $0.01 636.00 $ 63.92 $ 40,653.12 HOME DEPOT INC 400.001 $ 37.82 $ 15.128.00 ~ ~~~ INTEL CORP ~~~ ~ ~~ _ 800.00 $ 24.30 $ ~ 19,440.00 INTL BUSINESS MACHINES CORP 2,400.00` $ 113.23 , $ 271,752.00 JOHNSON & JOHNSON 392.00 $ ~ 61.03$ 23,923.76 JPMORGAN CHASE & CO 180.00 $ 44.59 $ 8,026.20 KINROSS GOLD CORD NEW 242.00 $ 12.60 $ 3,049.20 LIBERTY GBL INC SER C 46.00 $ 39.89 $ 1,834.94 LIBERTY GLOBAL INC CL A LIBERTY MEDIA HLDG CAP SERA 45.00$ 50.00 $ 42.11 $ 113.06 - $ 1,894.95 5,653.00 LIBERTY MEDIA HLDG SR A INTER ~ 250.00 $ 21.02 $ 5,255.00 LOW ES COMPANIES INC __ ~... ~ 400.00 $ ~ 28.47 $ 11,388.00 M&T BANK CORP 200.00 $ 105.37 $ 21,074.00 MERCK & CO MICROSOFT CORP 565.00 $ 400.00 $ 51.64 $_ 29.52 $ 29,176.60 11,808.00 MONSANTO CO/NEW 400.00 $ 64.98 $ 25,992.00 MORGAN STANLEY 300.00 $ 63.88 $ 19,164.00 . Page 1 of 8 'MUELLER WATER PRODUCT SER B NABORS INDUSTRIES LTD NEW NOVr"~RTIS AG ADR • ORACLE CORP,~,,~ ,M ....~.., ,~.., ..,.~~~~....~,a PROCTER & GAMBLE PRUDENTIAL FINANCIAL INC PUGET ENERGY INC(HLDG CO) RITE AID CORP SCHLUMBERGER LTD ~__ ~~ ST JUDE MEDICAL INC STARWOOD HTLS & RSTS WW INC 'SUNCOR ENERGY INC SUSGIUEHANNA BANCSHARES TARGET CORPORATION TRAVELERS COMPANIES INC COM TYCO ELECTRONICS LTD ;TYCO INTERNATIONAL LTD UNIFI INC ~~ ~~~~ WALTER IND INC ~~ £MS LIQUID ASSET FUND ~~ I MORGAN STANLEY BANK 826.00$ ~ ~~x~ 13.25 ' ~~$~ ~~ 10, 944.50 , ~. 459.oo $ ~ ~~- 28.88: $ 13,255.92 $ ~.M... 53.73 $ _ ~ 32,238.00 1,000.00 $ 20.09 $ ~~ 20,090.00 400.00 $ 63.30 = $ 25,320.00 300.00 $ 89.45 $ 26,835.00 sa3.oo $ ~ 24.13 $ 16,480.79 ` 2,100.00 $ 0 ~ 5.45 $ 11,445.00 $ ~~ 300.0 92.00 $ 27, 600.00 500.00 $ 45.35 $ ~ 22,675.00 , 400.00, $ 63.55 ~ $ 25,420.00 300.00 $ 91.50 $ 27,450.00 1,100.00 $ 17.47 $ ~ 19217.00 300.00£ $ 63.10 $ 18,930.00 ~ 1 s.oo; $ 51.70 $ 827.20 1 301.0~ 35.27 $ 886.27 45 ~ ~~ , ~ 1,301.00; $ 48.42 ~ $ 62,994.42 400.00 $~ ~ 2.13_ $~ ~ 852.00 500.00 $ 25.26 t $ 12,630.00 ~ 922,s36.so~ $~~ 1.00 $ ~ 922,636.60 F 451,953.40 $ 1.00 $ 451,953.40 t ~~ A NADARKO PETE 715.00 $ 51.67 $ 36,944.05 ~ ~~~~ ..~„_~,~ .AUTODESK lNC DELAWARE _~~ 350.00$ 41.70 ' $ 14,595.00 ~_ =BIOGEN IDEC INC ~ ~ ~ 495.00 $ 56.49 ~$ 27,962.55 BROADCOM CORP CL A 335.00 $ 33.51 ~ $ 11,225.85 COMCAST CORP CL A SPECIAL NEW 1,27500j $ 25.62 ~$ 32,665.50 ~ COVIDIEN LTD ~ ~ ~~~~~~ 272.00 $ ~~ ~ m 41.75 $ 11,356.00 F }F~ST LABORATORIES INC 535.00 $ ~ 41.13 ' $ 22,004.55 _~ GENZYME CORP ~. 370.00 $ 64.53 $ 23,876.10 ~ ;GRANT PRIDECO INC 225.001 $ ~~ 54.34 $ 12,226.50 L-3 COMMUNICATIONS HOLDING INC 225.00 $ 99.81 $ 22,457.25 LEHMAN BROS HOLDING INC DELA 415.00 $ 60.45 $ 25,086.75 LIBERTY GLOBAL INC CL A 165.00' $ 42.11 $ 6,948.15 LIBERTY MEDIA HLDG CAP SERA 95.00 $ ~ 113.06 $ . ..... 10,740.70 ~ LIBERTY MEDIA HLDG SR A INTER ~. 1,065.Ou $ 21.02 $ ~ 22,386.30 MICRON TECH INC 1,680.00 $ 11.82 ~ $ 19,857.60 MILLENNIUM PHARM INC ____.. 1,345.00 $ 10.32 $ 13,880.40 ; PALL CORPORATION 420.00; $ 39.90 $ 16,758.00 ' SANDISK CORP ~ 365.00` $ 52.77 $ 19,261.05 SEAGATE TECHNOLOGY HOLDINGS 750.00 $ 24.15 $ 18,112.50 TYCO ELECTRONICS LTD 407.00 $ 35.27 $ 14,354.89 TYCO INTERNATIONAL LTD 422.00 $ ~ 4~~~$ 20,433.24 UNITEDHEALTH GP INC _ 720.001 $ 48.36 ~ $ 34,819.20 ~ WEATHERFORD INTL INC BERMUDA 620.00 $ 54.17 $ 33,585.40 MS Active Assets Money Trust 28,262.$ 1.00 $ 28,262.43 CASH 3.71 $ 1.00 $ 3.71 Page 2 of 8 ABN AMRO HLDGS N V 400.00 $ 48.49 $ 19,396.00 ACOM CO LTD SPONS ADR 1,400.00 $ 9.16 $ 12,825.40 AEGON NV ADR 900.00 $ 18.08 ~ $ 16,272.00 AKZO NOBEL NV ADR 150.00 $ ~. ~ 82.46 $ 12,369.00 ALCATEL-LUCENT ADS 1,000.00 $ 11.77 $ 11,770.00 ASTRAZENECA PLC ADS ~ ~ _350.00 $ ~ ~ 51.78 $ 18,123.00 BRITISH SKY BRDCSTG GRP PLC 300.00 $ 54.21 ~$ 16,263.00 ~BT GP PLC SPON ADR 100.00 $ 64.94 $ 6,494.00 I CENTRAIS ELECTR{CAS CO ADR 900.00 $ 13.36 $ 12,019.50 CON T AX PA RTICIPACOES SA ADR 5.00 $ 1.40 $ 6.99 ~~ _ _ _ DAI NIPPON PRTG LTD JAPAN ADR 200.00 $ 29.05 ~ $ ` 5,809.20 ~ ;DEUTSCHE TELEKOM AG 1 ORD 1ADS _ 1,200.00 17.73 ~ $ 21,276.00 i ERICSSON LM TEL ADR CL B NEW ~ 400.00= $ 38.61 $ 15,444.00 ~~FRANCE TELECOM ~ ~~m 700.00= $ 28.20 $ 19,740.00 €FUJIFILM HLDGS CORP ADR 200.00 $ 43.58 $ 8,716.00 .~..~..~,....~..-.M.~..w.,.-..~ ~..~..,.~..~.. GLAXOSMITHKLINE P L A D S ~ C .a.,~ 450.003 $ 51.86 I $ 23,337.00 _ _ _ _ _ _ _ ~~H LUNDBECK AJS-UNSPONS ADR ~~ ~ _ ~ V~ ~~ ~~ _ ~~ ~~ 300.00= $ M~^ •~~v µ 26.00 $ ^~..~~..~ 7,799.40 IHITACHI 10 COM NEW ADR R 200.00 $ 71.3_ 7~"$ 14,274.00 HSBC HOLDINGS PLC SPON ADR NEW 150.00; $ 93.25 ~ $ 13,987.50 z INFINEON TECHNOLOGIES AG ~~ 600.00{ $ 16.32 ~ $ 9,792.00 INTESA SANPAOLO S.P.A. ADR JARDINE MATHESON HLDGS USD.25 ......_._......_._....._. _...~.... ~~~ ~.. 200.00` $ 305.00~~~~~V~ .~...~....~..~., M...._..m.. 45.33 ` $ 24.20 $ ~ ._ ..... .. _w.... ~ .~ .,.~ , 9,065.60 7,381.00 _s IKONINKLIJKE AHOLD NV A DS 1,400.00£ $ . . . . ,. ,. ,,.. 12.55 $ 17,570.00 _ _ jKOREA ELECTRIC POWER CORP ADS~ ~~~ __ 400.00° $ ~,~... 23.09 i $ 9,236.00 MKT CORP SPON ADR 250.00 $ 23.27 ~ 5,817.50 ____.._.~.._.,..,_,~..._.,....~.~.,....~,.....~.~.....,.._.,.,_._..... MAGNA INTL_A COM_ ~ ~,. .~w.,~...~....w... µµ 100.00; $ ..._,-.. ...,..-....._..w 85.89 ! $ .- 8,589.00 ~ KS & SPENCER GRP PLC ADR 200.OOr ~$ 77.51 $ 15,501.00 ~~~_ MILLEA HOLDINGS INC ADR ~ 250.00 $ 37.65 ~ $ 9,412.50 MITSUBISHI UFJ FINCL GRP ADS 2,000.00 $ ~ 10.03 ; $ 20,060.00 MITSUI MARINE&FIRE INS LTD ADR 150.00 $ 111.61 ~ $ 16,741.65 MIZUHO FNCL INC SPONS ADR 800.00• $ 12.29 $ 9,832.00 ~ NEC CORP ADR 2,600.00' $ 4.82 $ 12,532.00 NESTLE SPON ADR REP REG SHR ~ 200.00 $ 95.41 $ 19,082.40 NIPPON TELEGRAPH&TELEPHONE ADS 910.00 $ 21.62 $ 19,674.20 ~ NORTEL NETWORKS CORP NEW 600.00 $ 20.49 $ 12,294.00 PORTUGAL TELECOM SGPS SA ~ ~ _ 500.00 $ ~,~ 14.18 $ 7,090.00 ~ PROMISE CO ADR 1,200.00 $ 14.25 $ 17,094.00 SANOFI AVENTIS ADS 550.00 $ 41.34 $ 22,737.00 SEIKO EPSON CORP SUWA UNSP ADR 1,000.00 $ 13.24 $ 13,237.00 SK TELECOM CO LTD 700.00 $ 28.40 $ 19,880.00 SONY CORP ADR 1974 NEW 150.00 $ 51.36 $ 7,704.00 STMICROELECTRONICS NV 800.00 $ 17.31 $ 13,848.00 swlsscoM AG 500.00 $ 34.63 $ 17,315.00 TELE NORTE LESTE PART SA ADR 5.00 $ ~ 22.40 $ 112.00 TELECOM CP NZ LTD ADS 100.00 $ 27.75 ! $ 2,775.00 TELECOM ITALIA SPA ADS (NEW) 900.00 $ 27.00 i $ 24,300.00 TELEFONICA SA ADR 300.00 $ 72.49 $ 21,747.00 TELEFONOS DE MX SA DE CV ADR ~-. _ 384.00} $ 33.90 $ ~. 13,017.60 Page 3 of 8 Page 4 of 8 ~r~yfus Family of Funds P.O. Box 55263 Boston, MA 02205-8501 November 12, 2007 LAW OFFICES OF ZULLINGER DAM S ATTN JOEL R ZULLINGER 14 N MAIN ST STE 200 CHAMBERSBURG PA 17201-1814 REFERENCE: 03405967 - 20071107111524 VARIOUS FUNDS/VARIOUS ACCOUNTS N HOLLIS RIFE Dear Mr. Zullinger: Thank you for contacting the Dreyfus Family of Funds concerning the referenced decedent's Dreyfus accounts. We have received your request for financial information regarding the accounts. As of August 2, 2007, account number '`#~~~`~~~J~1~2~.~~ shad 11,492.290 shares with a net asset value of $1.00 per share. The total dollar balance on that date was '~,~.4~'~z9~.~ The account had accrued interest in the amount of ~~ ~~~5 As of August 2, 2007, account number 039--~0{~Y32685$+6'~~had 7,273.0.30 shares with a net asset value of $1.00 per share. The total dollar balance on that date was ~~~~'7t~~~3:~ The account had accrued interest in the amount of ~~ As of August 2 , 2 0 0 7 , account number ~~~ ~~~~~~~~dY had ~.~.. 1,437,404.09 shares with a net asset value of $1.00 per share. The total dollar balance on that date was ~, ~~- The account had accrued interest in the amount of ~ ~ ' ~` As of August 2, 2007, account number ~„~~3~,~..Q!~„~4~5, had 35,383.090 shares with a net asset value of $1.00 per share. The total dollar balance on that date was ~ 5'~}''~~~~::`~4~~~ The account had accrued interest in the amount ~ ~$`~~y~;l .~ ~fi .~ , As of August 2, 2007, account- number~~~7~°oc~~o0,5.~~~`ti:~ad ,~x..,. ~,N ~xr,.~ ~ . 2,763.968 shares with a net asset value of $13.14 per. share. The total dollar balance on .that date was ~L6"~~33~~,~~4~~ The account had accrued interest in the amountc~, .~` $7 . 19 .: `' _, ~ ~ The balances were calculated by multiplying the-total-number of shares by the price (net asset value) per share. In order to obtain the additional account information, please provide us with the following: • A letter of instruction referencing the fund and account number along with the intent. The Executor or Administrator of the Estate must sign the letter and the signature must be Signature Guaranteed *. You may wish to include in the letter a request for a change of address in order to ensure receipt of year-end statements and tax forms that may be generated for the account. • Certified Letters of .Appointment (raised seal or colored stamp) for the deceased registrant, issued by the court clerk and dated within six months of presentment. Please note that the submitted Short Certificate did not bear an original raised seal or colored stamp. ~~ 'n~t~'`~tha;t' adcount nurn~ers flfl33~=~?~t~3'~~~6,~~~~~~. . ~ _n~.~~ ,, , -~~Q'~1~~590~`r 4'~~2--O~D~29t~~,5~' ~~~.:~ ~94~`~'~~a.~~©~:~~1~:ar '~~. ~.u~dual -non-retirement accountsregistered in the name of the decedent. In order to redeem the individual non-retirement accounts, we require the following in addition to the letter of instruction and certified Letters of Appointment: • A notarized Affidavit of Domicile (enclosed) completed by the Executor/Administrator of the Estate. • A W-9 Form (enclosed) for the Estate of the decedent. In order to transfer the ownership of the accounts, we require the following in addition to the certified Letters of Appointment and Affidavit of Domicile ~ Change of Account Registration Form = the enclosed form must be completed in its entirety. Please note the following instructions: - Complete Sections 1 through 4 - Complete Section 5 with the signature(s) of all Executor (s) or Administrator (s) - Obtain a Signature Guarantee* in Section 6 - Select desired privileges in Sections 7, 8, 9 and 10 for the newly registered account; and - Complete Section 11 with the signature(s) of all Executor (s ) or Administrator (s) . - Complete Section 12 if transferring to a trust, corporation or other entity with a Signature Guarantee*. Our records indicate that there is `;~;~~e~i~i~.r~;' l.ist~d. on.a` ~~` ~c~a~z~~ number Ot~39 x'580052595 th~~e~'ore the account' s proceeds default to the Estate of the decedent. Listed below are the items required to distribute the assets: • A letter of instruction from the Executor of the Estate referencing the Fund name, plan number and the chosen distribution option. The Executor must sign the letter and his or her signature must be Signature Guaranteed*. Please note that Dreyfus Trust Company is required to withhold l00 of the distribution for Federal Income Tax purposes unless you elect otherwise. • Certified copy of Letters of Appointment (raised seal or colored stamp) issued by the court clerk and dated within six months of presentment. • A notarized Affidavit of Domicile (enclosed) completed by the executor(s) or administrator(s) of the Estate. • A W-9 Form (enclosed) for the Estate of the decedent. The following are the death benefit options for deaths occurring after 2002: • Five Year Rule - you may deplete the entire balance by December 31St of the 5th year anniversary of the decedents death. • Life Expectancy Payments - you may begin Single Life Expectancy Payments recalculated, to begin by the later of December 31st of the year following the year of the decedent`s death, or December 31st of the year the decedent would have reached age 70 ~. • Lump Sum Distribution - you may elect to receive a lump sum distribution. Note: Form 1099-R will be generated for the year in which the assets are distributed. Enclosed is a self-addressed envelope for your convenience. Upon receipt of the above in good order, we will promptly process your request. If you have any questions, please call a Dreyfus Service Representative toll-free at 1-800-645-6561, Monday through Friday, 8AM to 6PM, Eastern Time. * The Transfer Agent has adopted standards and procedures pursuant to which Signature Guarantees in proper form generally will be accepted from domestic banks, brokers, dealers, credit unions, national securities exchanges, registered securities associations, clearing agencies and savings associations, as well as from participants in the New York Stock Exchange Medallion Signature Program (MSP), the Securities Transfer Agents Medallion Program (STAMP) and the Stock Exchanges Medallion Program (SEMP). Notarization by a notary public is not an acceptable guarantee. Sincerely, Cherie Barros Investor Service Specialist Enclosure (s) Forms W-9 (2) Affidavits of Domicile (2) Self Addressed Envelope Change of Account Registration Form John Hancock Funds, LLC Mutual Fund Operations P.O. Box 9510 Portsmouth, NH 03802-9510 (800) 225-5291 www.jhancock.com/funds John Hancock Signature Services, Inc. November 19, 2007 Joel R Zullinger Esq 14 North Main St Ste 200 Chambersburg PA 17201 Reference: 0093 3112 Account Number: 1685991 Estate of N. Hollis Rife Dear Mr. Zullinger: the future is yours Thank you for doing business with John Hancock. As requested, we changed the ownership of the John Hancock mutual fund shares. To change the account registration to reflect the new ownership of the shares, it was necessary for us to establish the new account listed above prior to redeeming the shares. Confirmation and a check have been sent under separate cover. w _,i _,. ,~ ~ ~a. ~ a The net asset va ue per s are of the Technology Fund A was $3.73 and there were 3,505.084 shares in the account. Please remember that the share price fluctuates daily. If you have any questions, please call our customer service center at 1-800-225-5291 any business day between 8:00 a.m. and 7:00 p.m., Eastern time. For additional account and product information, please access our Web site at www jhfunds.com. Sincerely, • 3osette Johnson Correspondence Associate 1 C "07 John Hancock Funds, LLC, 601 Congress Street, Boston, MA 02210-2805, Member FINRA • Sovereign Asset Management, LLC r T. ROWE PRICE SERVICES, INC. wwW.TROWEPRICE.COM P.O. Box 17302 Baltimore, Maryland 21297-1302 4515 Painters Mill Road Owings Mills, Maryland 21117-4903 January 14, 2008 Joel R Zullinger Law Offices of Zullinger-Davis 14 N Main St Ste 200 Chambersburg PA 17201 Subject: Account Information New Era Fund Account 200925270-5 Prime Reserve Fund Traditional IRA 620005353-4 Dear Mr. Zullinger: Thank you for contacting T. Rowe Price about the fund accounts shown above. The accounts are registered to N. Hollis Rife. Below I have listed the account information as of August 2. 2007 _ Fund Name Number of Shares Price per Share Account Balance Accrued Dividends Prime Reserve 7,752.540 $ 1.00 $ 7,752.54 $2.04 New Era 14,108.419 $55.71 $785,980.02 N/A The cvidends are not included in the balance and were reinvested on August 31, 2007 . If you have any questions regarding this correspondence, please call a telephone services representative at 1-800-225-5132. Representatives are available Monday through Friday from 7 a.m. to 12 a.m. and Saturday and Sunday from 8:30 a.m. to 5 p.m. eastern tune. We appreciate the opportunity to help you with this matter. Sincerely, C2i1'E./ Susan Sexton Senior Account Services Representative Correspondence Number: 01289622 T.Row+ePlrice INVEST WITIi CONFIDENCE Jenru~~on Dryden®Mutual Funds Page 1 of 4 • from Prudential financial Your Representative FIRST CLEARING LLC GREGORY TOSKOS 00025235 ~~ ~~~ ~~ ~~~ Your SSN/Tin~: ON FILE N. HOLLIS RIFE 549 BRIDGEVEIW DR ~::Your;;Accaunt ~" `004757822 ~.~ Non-Retirement LEMOYNE PA 17043 _ ;,;;, ', _, _._. ,il~lut~~T ~~nc# ~taternent - .~~ly, y, 2007 o September 30,' 20p7 ~- r- Opening Balance Additions Subtractions investment Results Closing Balance 3rd Qtr Year-to-Date Ju101, 2007 to Sep 30, 2007 Jan Ot ,2007 to Sep 30, 2007 $10,430.69 $9,975.59 $0.00 $0.00 +$624.99 +$1,080.09 $11,055.68 $11,055.68 Dividends $0.00 $0.00 Capital Gains $0.00 $0.00 Personal Performance" +5.99 % +10.83 Investment Allocation .R Y, S. ( ~ f ; ~ ~ , ~ ~ . 100% * Cabulated using adollar-weighted rate of return method for the period(s) listed. Results are based on your specific activity and may not reflect overall fund performance. Standardized fund performance is available by speaking with your financial professional or by visiting www.prudential.com, fJote: There are other personal performance formulas that may yield drtferentfigures, and past performance is not indicative of future results. ^age 2 of 4 N. 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Features & Services: Representative: DIVIDENDS: REINVEST CAPITAL GAINS: REINVEST GREGORY TOSKOS TELEPHONE REDEMPTION TELEPHONE EXCHANGE Detailed Transaction Activity Sales Charges Transaction Datlar Shares This Share and/or Totai Shares Date Description Amount = Transaction X Price - Taxes W/H Owned .• •••.. •• •••.•••. •.••.•.• ..r.•. .; .. .. ._ .~: rr:: r:: • :::r:: ..rr: :,.r:r,. rrr:. 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Page 1 of 2 ~~ ~~~ ~~~> .. _ _ __. . r- Hems I Quotas 4 News ~ >industrias ; tl~arltets ~ ~ilstorlral Quotes Bi~R~parts ~ ®Ad~ineodTools ~ Pnerr~ium Prod~+~ `yea This Historical Quotes tool allows you to look up a security's exact closing price. ,~~ Simply type in the symbol and a historical date to view a quote and mini chart for that security. _, Enter Symbol: PSD Enter Date: 8/2/2007 Puget Energy Inc New Thursday, August 02, 2007 Closing Price: 24.13 open: 23.88 Fiign: 24.17 Low: 23.77 volume: 774,800 Go To Charting No Splits 2-Month Daily Chart of Puget Energy Inc New Chase Free Checking Get S75 when you open a checking account with direct deposit-apply now www.chase.com Hot Stock Picks Growth stocks, penny stocks, stock tips, investments, trades. www.gori llai nvestor. com Forex.com -Free Practice Account Try forex trading risk-free for 30 days. Real time charts, research. www.forex.com Practice Forex Trading Trade Forex directly online. Free practice account. 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Free practice account. Start Forex now! www.ac-markets.com Hot Stock Picks Gulf Ethanol (OTC:GFET). BioFuels, Green Energy. www.gulfethanolcorp com http://bigcharts.marketwatch.com/historicaUdefault.asp?detect=l &symbol=VOD&close d... 9/27/2007 New York Life Insurance Company 51 Madison Avenue, New York, NY 10010 Carl_E_Williams~a newyorklife.com 212 576-5318 Carl E. Williams Assistant Vice President September 17, 2007 Mr. Richard Rife 5225 Wilson Lane, Apt. 4117 Mechanicsbtu-g, PA 17055-6671 Dear n~Ir. Rife: We were saddened to learn of the death of your daughter, N. Hollis Rife and on behalf of the New Yolk Life Insurance Company, I wish to extend our sincerest sympathies to you and your- family. I am writing to advise you, as her named beneficiary, of the benefits that have become available to you at this time. Group Insurance Plan There is an Employee Life Insurance Benefit of $50,000, payable to you as your daughter's named beneficiary. There is an Executive Officers' Survivor Benefit Plan Benefit of $264,750, payable to you also as your daughter's named beneficiary. Employee Progress Sharing Investment Plan There is approximately $864,014 in your daughter's account. This amount would be payable to you as her named beneficiary. Your wife, Lois, was also named as a beneficiary for this benefit. It is any understanding that she is deceased as well. We will need a copy of her death certificate in order to process this payment. Please complete file enclosed claim t'orm anti returr; it to i~~e ill flit ;.ilclosed ;,nvelcpe, along vv itli your daughter's official death certificate and the death certificate for your wife. If you also complete and return the enclosed Charity Form, the Company will make a one hundred dollar donation to the named charity of your choice. If you have any questions, or if I can be of airy further help to you, please do not hesitate to call me. Since- , ~_ Human Resources Department Enclosures New York Life Insurance Company 51 Madison Avenue, New York, NY 10010 Carl_E_Wi I liams@newyorklife.com 212 576-5318 Carl E. Williams Assistant Vice President November 1, 2007 Joel R. Zullinger 14 North Main Street Suite 200 C;hambersburg, PA 1720 i Re: Estate of N. Hollis Rife Dear Mr. Zullinger: am writing in response to your recent letter regarding our former retiree, N. Hollis Rife in which you requested account information as of the date of her death. Employee Progress Sharing Investment Plan Her account balance on August 2, 2007 was $860,558.10. As of October 31, 2007, it was $907,551.43. The named beneficiaries were her parents, Richard and Lois Rife. In addition to this plan, she was also covered under our Executive Officers' Survivor Benefit Plan as mentioned in my letter to Mr. Rife. This is a death benefit that we offered around the late 1980s to our executives. It is not life insurance and is therefore taxable to the named beneficiary. If you have any additional questions, please let me know. Sincerely, ., ~~ ~-, ,~~ ~ ~ - r G'" f' -- r Human Resources Department 499 Mitchell Street, Millsboro, DE 19966 August 21, 2007 Law Offices Zullinger-Davis 14 North Main Street Suite 200 Chambersburg, PA 17201 RE: Estate of N. Ho]lis Rife Date of Death: August 2, 200? Social Security Number: 184-36-6585 Dear Mr. Zullinger: 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 ........................... Checking Account Account Number ....................... 71907947 Ownership (Names off ............... N. Hollis Rife Opening Date ........................... 08 / 2 8 / 64 Balance on Date of Death .........$32,021.43 Accrued Interest $ 0.61 Total ....................................... $32, 022.04 2. Account Type ........................... Savings Account Account Number ....................... 15004214960393 Ownership (Names off .............. N. Hollis Rife Opening Date ...........................02 / 16 / 07 Balance on Date of Death .........$60,995.51 Accrued Interest $ 70.21 Total .......................................$61,065.72 w • Page 2 August 21, 2007 The above named decedent had 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 West Shore Plaza branch at 1200 Market Street, Lemoyne, PA 17043, or # 717-255- 2271. Si*ZCerely, . ~,1~ ~~~~ ~~,~n.~1J~ Charlene Warrington, Records Management 1-888-502-4349 ' John F. Kohler, Jr. -Auctioneer Final Settlement Date ~ ~ ~= ~'" Owner _ L S~' '~ ~- ~ : ~~ ~'t-te~~ ~. ~~ ~~ ~ ~ b L ~~' ~ 1, y f~~~-- Address ~~~~C' ~~~ - ~ ~~ ~' ~~~~~G j ~~ ~..~ ~ ~ ~~ ~~ `~ ~ ~~..1'~- ~~~ ,~ i ~ C Date of Sale ~ ` ~1 '` ~- ~ Sale Location C%~-~'1 ~ ~" ~~~.~ ~--~-~. Auctioneer ~~-~ ~-~--~~-- Clerk Cashier Other - - PROCEEDS OF SALE : Cash ................... ~_~~~,~~ Checks ................ . Other .............................................. Miscellaneous (see attached list) ............... ~~ Total Proceeds of Sale ................................................. ~ ~ ~ ~ ~ ~` LESS SELLER'S SALE EXPENSE: ~ Auctioneer s Fee ..........~~ ..~ ............. ~ ~ ~=~ e Other Seller's expenses advanced by auctioneer: ~ ~ ~~ ~~ __ r.~ ~ Miscellaneous (see attached list) ............... Z~ Deduct Total Seller's Sale Expense .................................... ~ ~' ~ - , ,. Total Net Proceeds to Seller ...................... ~ ..................... I, (or we), the seller of goods, merchandise, and/or property sold at public auction on above date and location, acknowledge and accept this settlement of proceeds of sale. I (or we) agree to accept all responsibility for providing merchantable title to all goods, merchandise, and/or property sold, and for delivery of title to the purchaser. ~ ~ ~2 ~.~ ~ (Dat) , ~f uctioneer or Cashier's Signature ) (Seller's Signature ) (Seller's Signature) 0 John F. Kohler, Jr. --Auctioneer Final Settlement Date ~ ~ ~ ~- ~ ~ ~~ owner ~. ~ ~.~ d C.,~..tS ~l ~ -~ ~'~ i ~c~, ~ ~ ~. ~'~.t ~.. t~ ~ ~ ~ ~~ ~ Address ` ~~- G~ ~ 1 ~~. ~~ "~ '~. ~` ~ ~... ~G ~~1 ~ ~~..~ Date of Sale ~-" ~'`~ ~` Sale Location ~~~~~ ~~~~~ e, ~ ~ ~. Auctioneer ~CC.~~-h~~~- Clerk ~ Cashier Other PROCEEDS OF SALE : Cash ................... ; I~ Checks ................ . Other .............................................. Miscellaneous (see attached list) ............... .~ ~~ f Total Proceeds of Sale ...................................... ; F ... ....... LESS SELLER' S SALE EXPE SE ~ ~ ~ ~ 9--_. Auctioneer's Fee .......... ...................; 7 ~. Other Seller's expenses advanced by auctioneer: Miscellaneous (see attached Iist> ............... ~~ Deduct Totai Seller's Sale Expense ........ ......................... ; ... `~ ~2 Total Net Proceeds to Seller ........................................... ; °--~--. I. (or we), the seller of goods, merchandise, and/or property sold at public auction on above date and location, acknowledge and accept this settlement of proceeds of sale. I (or we) agree to accept all responsibility for providing merchantable title to all goods, merchandise, and/or property sold, and for delivery of title to the purchaser. (Da e) ctioneer or Cashier's Signat, e) (Seller's Signature) (Seller's Signature) ~~~~ L ~- John F. Kohler, Jr. -Auctioneer Final Settlement Date 1~'~~-f~ ~ l~ ~.~1 ~~ Owner ~= :~~< <~ ~ ~, • ~~ C~~-.~L ~ ~~ ~~ ~ ~ ~ "~ `~ t-. ~ ~ L ~. l f~(~~~ i/~!~' J t f 1 1 Address C~~~I C~~ `3 t U~ ~-' C~~ . ` i 4'~~ ~~ ~.~ ~ ~ ~ ~ti . °- (~ t(~'G . (~/~ r 1 7 ~ ~~ Date of Sale ~ - j ~. " ~~ Sale Location ~ ~-~~/~'i ~'~ ~, ~~~ ~ (~ (, ~', Auctioneer ~ `~ ~-1-~,~ Clerk `- Cashier Other PROCEEDS OF SALE : ~ Cash ................... ~ ~ ~S Checks ................ . Other .............................................. Miscellaneous (see attached list) ............... C "~ ~. Total Proceeds of Sale ................................................. ~ LESS SELLER'S SALE EXPENS ~~, Auctioneer's Fee ............ . , ~ Other Seller's expenses advanced by auctioneer: Miscellaneous (see attached list) .............. . Deduct Total Seller's Sale Expense .................................... ~ ~ :~ /~~ .~ . ~, Total Net Proceeds to Seller ......... .................................. ~ r I, (or we), the seller of goods, merchandise, and/or property sold at public auction on above date and location, acknowledge and accept this settlement of proceeds of sale. I f or we) agree to accept all responsibility for providing merchantable title to all goods, merchandise, and/or property sold, and for delivery of title to the purchaser. ,t1-~ 1 ( t, ~ t ( lioneer or Cashier's Signature ) (Seller's Signature) (Seller's Signature) Life Estate and Remainder Factors 4/29/2008 Transfer Date: 8/2007 §7520 Rate: 6.20% Calculation Type: One Life Principal: $451,120 Age: 88 Life Estate Remainder Factor: 0.24658 0.75342 Value: $111,237.17 $339,882.83 SPLIT PURCHASE AGREEI~sENT THIS AGREEMENT between Richard D. Rife, ~f 144 Old Ford Drive, Camp Hill, Pennsylvania 17011 (hereinafter referred to as "Life Tenant"~, and N. Hollis Rife, of 69 Fifth Avenue, Apt. 19-C, New York, New York 10003 (hereinafter referred to as "Remainder Owner") , WITNESSETH THA'I` WHEREAS, Life Tenant and Remainder Owner, for their mutual economic advantage, wish to acquire ownership of cne thousand (1,000) shares cf corc~non stock of International Business Machines Corporation (hereinafter called the "Property"), with Life Tenant purchasing the life interest and Remainder Owner purchasing the remainder interest; and WHEREAS, althcugh Life Tenant is the father of Remainder Owner, Life Tenant is providing his own funds, which were not gifted to hiIri by Remainder Owner, and Remainder Owner is pro- viding her own funds, which were not gifted to her by Life Tenant, NOW THEREFORE, intending to be legally bound, Life Tenant and Remainder Owner set forth, their agreements and understandings with respect to the ownership of the Property by~the execution of this Agreement. 1. The recitals set forth above are incorporated herein by reference. ~. ~'hr r=sties agree to contribute in proportion to their respective ;~;.t~:aria? ; nterests the amcu.nts ^ecessar~„ tc: acquire r the property. The parties will determirse their actuarial inter- ests according to United States Treasury Gift Tax Regulations. 3. Provided that settlement on purchase of the Property occurs before March 19, 1987, the date when Life Tenant becomes closer to his next birthda1~, their respective actuarial interests are: Life Tenant 65.098$ Remainder Ctwner 34.902 TOTAL 100.000$ 4. Ar~l~ settlement on the purchase of the PYeperty occur- ring or. or after March I9, 1987, shall be determined under said Gift Tax Regulations in effect and applicable witli respect tc the Life Tenant's age on such date. 5. The Property shall be bought ir_ the name of "Richard D, Rife, LT, and N. ~_ollis Rife, RO, under SPA dated December t2-, 1986," cr in such other form as may be agreed upon by the parties, provided that such form must reflect accurately the respective interests of the parties. 6. Life Tenant's rights are defined below: {a) The parties agree that Life Tenant shall be entitled to receive the full benefit of any income derived from the Property, from the date of its purchase until the day imm~ediatel_y preceding the date of his death. {b) Life Tenant agrees to bear ull expenses ;~_nd charges, if any, attributable to ?~:is interest it the Property. _~_ (c) Life Tenant will not have the right to pledge or otherwise encumber the Property, without Remainder Owner's advance written consent. (d) Life Tenant will not have the right to sell or otherwise transfer ownership of the Property without Remainder Owner's advance written consent. Any proceeds received from ar_y s•sch sale or transfer shall be divided between the parties according to their actuarial interests on the date of the trans- fer, determined according to the then applicable United States Treasury Gift Tax Regulations. (e) The rights, entitler~~ents, and obligations of the parties with respect to the Property shall be determined in accordance with the provisions of the Revised Uniform Principal and Income Act as promul- gated by the Commissioners on Uniform Laws, and 20 P.S g 8101, et sec. 7. On the date of Life Ter~ant's death, all of his right, title and interest in the Property shall cease and Remainder Owner shall thereupon be entitled to take absolute and complete title to the Property, without restriction or claim by Life Tenant's heirs, legatees, devisees, executors, personal represen- tatives, or other successors or assigns. 8. This Agreement and the rights and duties of the parties hereto will be determ~.ned in accordance witr. the laws of the Commonwealth of Pennsylvania. This 3~greement sets forth the -3-- entire understanding and agreement of the parties with respect to the Property, and no change or modification of this Agreement shall be valid unless in writing and signed by both parties. This Agreement shall inure to the benefit of, and shall be binding upon, the parties, their legal representatives, succes- sors and assigns. IN [n~ITNESS Y,'HEREGF, the parties hereto have set their hands and seals this ~:~ ~" day of DeceTMtber, 1986 . tn'ITIvESS -_. RICHARD D. RIFE "Life Terra^t" --~ ~ ~ , j i ~ IJj L • ,, . `. ~ j ~ i ~ 1`I ~,.., ~ '~; (SEAL) N. HOLLIS RIFE "Remainder Owner" -4- COMI~iON~~IEALTH OF PENNSYLVANIA SS. COUNTY OF DAUPHIN On this, the /nom day of,_U1~~~- , 1986, before me, the undersigned officer, personally appeared RICHARD D. RIFE, known to me {or satisfactorily proven} to be the person whose name is subscribed to the within instrument, and acknowledged that he e:~ecuted the same for the purposes theyeir contained. IN WITNESS 4v'hEREOF, I hereunto set my hand and official seal. /~ ~~ _ %~~ f ~r Notary Public My Commission Expi~^es; BERN~ttiiN~ Me 4q~f~€~~ ~~+~~~, tsy&t i~ Cur~bt~~~ I vr,~ ~~un#Y. ~A MY Corn~~(~st~~ Expires May 28,1990 r w STATE OF }~e~.,' ~G~ ~ . ~ ss. COUNT' OF ~;~:iv ~~' R On this, the ~ 1 `~ day of ~cc~~)c"~ 1986, before me, the undersigned officer, personally appeared N. HOL-LIS RIFE, known to me (or satisfactorily proven} to be the person whose name is subscribed to the within instrument, and acknowledged that she executed the sable for •`~he purposes therein centair.ed. IN WImNESS WHEREOF, I hereunto set my hand and official seal. JS/ ~~otarv Public My Commission Expires: X14 ~..~.~~ 3 v, r ~ ~ 7 N03ARY PJS~tC, S;a:e ci New Yorx Ivc. ~6~s.S5i Cuati~ied in Sui+ofk county Comrr~,siar~ Excises Ma-ch ?~, 14&?