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Home My WebLink About05-30-0815056051058 .~ REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue ~` County Code Year File Number Bureau of Individual Taxes ~ INHERITANCE TAX RETURN PO BOX 280601 21 07 0130 Harrisburg, PA 17128.0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 210-24-4498 01 /25/2007 11 /28/1932 Decedent's Last Name Suffix Decedent's First Name. MI Goldstrom Peter E (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST 8E FILED IN DUPLII~ATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ~ 1. Original Return 2. Supplemental Return 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate 4a. Future Interest Compromise (date of 5. Federal Estate Tax Return Required death after 12-12-82) 6. Decedent Died Testate 7. Decedent Maintained a Living Trust __ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received 10. Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INf~ORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number t,,,a Esq. William L. Grubb 717 ~ 763-558 w ( ) ` ~~ , ~. , , -~ Q - Firm Name (If Applicable) - (REGISTER OF W1kL~SE 06ti~ ^ . r C~ - . ' First line of address ' '' `_ _; ~ --~ "'1 3803 Gettysburg Road ~' ~' Second line of address t; r: --1 ~ , -_.i City or Post Office State ZIP Code DATE FILED Camp Hill PA 17011 Correspondent's a-mail address' Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGN E OF PERSON RE PONS( FOR FILING RETURN S QATE aooRESS ~~ °z~z~~"~U ~ ~. ~~~P~ ~ ~~~1.5 SIGMATl7FjE OF PREPARER~E T A EPRESENTATIVE ~/ DATE ~ RUUKtJ,1~ ~~ PLEASE USE ORIG~INL FORM ON Y Side 1 15056051058 1.5056051058 J J 15056052059 REV-1500 EX Decedent's Social Security Number Peter E Goidstrom ' ' 210-24-4498 Decedent s Name: .. _. RECAPITULATION 1. Real estate Schedule A . 1. 114,000.00 2 Stocks and Bonds (Schedule B) ..................................... .. 2. 3 Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ... .. 3. 4. Mortgages & Notes Receivable (Schedule D) ........................... .. 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ...... .. 5. 11 ,442.49 6. Jointly Owned Property (Schedule F) " ' Separate Billing Requested ..... .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) + Separate Billing Requested...... .. 7. 8 Total Gross Assets (total Lines 1-7) .................................. __ .. 8. 125,442.49 9. Funeral Expenses & Administrative Costs (Schedule H) ................... .. 9. ' 16,226.97 ', 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) .............. .. 10. 11. Total Deductions (total Lines 9 & 10) ................................. .. 11. 16,226.97 12. Net Value of Estate (Line 8 minus Line 11) ............................ .. 12. 109,215.52 ', 13 Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ...................... .. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ...................... .. 14. 109,215.52 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(L2) X O, 15. 16. Amount of Line 14 taxable at lineal rate X .0 45 109,215.52. 16. 4,914.70 17. Amount of Line 14 taxable at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 18. 19. TAX DUE ....................................................... ..19. 4,914.70 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ~; 15056052059 Side 2 li, 5056052059 REV•1500 EX Page 3 Flle Number rlnrnrlnnt'c Cmm~fete Address: 21 07 0130 DECEDENTS NAME DECEDENT'S SOCIAL SECURITY NUMBER Peter E Goldstrom 210-24-4498 STREET ADDRESS 2905 Glenwood Road CITY Camp Hill ~~ - STATE PA ZIP 17011 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2 C~edits!Payments A. Spousal Poverty Credit B. Prior Payments 5,100.00 C. Discount 3. InteresUPenalty if applicable D. Interest E. Penalty (1) Total Credits (A + B + C) (2) 4,914.70 5,100.00 Total Interest/Penalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. _ Fill in oval on Page 2, Line 20 to request a refund. (4) r ~j,,.~ 5. 11 Line 1 + Llne 3 Is greater than Llne 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE: APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.......................................................................................... ^ 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 occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. ^ 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a benefciary designation? ....................................................................................................................... ^ ^x IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the us,e of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statut~~ry 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 c'eath to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. ' RE'J-150~,EX+tB-98) Y, . SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Peter E. Goldstrom 21-07-0130 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is deefined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, bath having reasonable knowledge of the relevant facts. Real property which is iointlyowned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) REV-1508•EX+ (6-98) Y COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Peter E. Goldstrom 21-07-0130 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointlyowned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) J REV-1511 EX+ (12-99) ' SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Peter E. Goldstrom 21-07-0130 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT a. FUNERAL EXPENSES: t' Mussleman's Funeral Home 3,104.48 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s)IEIN Number of Personal Representative(s) _ Street Address City _ State Zip Year(s) Commission Paid; 2. Attorney Fees 3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation) Claimant Street Address City State .Zip Relationship of Claimant to Decedent 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Real property utilities and expenses s. Real property taxes 6,017.70 313.00 5,470.74 1,321.05 TOTAL (Also enter on line 9, ReGSpitulation) ~ $ 16,226.97 (Ii more space is needed, insert additional sheets of the same size) REV-1513 ~X+ (9-00) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Peter E. Goldstrom 21-07-0130 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trwstee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1 • Dale L. Ridinger, 3771 Colonial Rd., Dover, PA 17315 daughter 109215.52 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIPTE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) 2 Last Will and Testament Husband I ~~'~e 'Y• !~ ~ ~r9 / G~ S ~T~~ presently residing at do hereby make, publish and declare this to be my Last Will and Testament and. do hereby revoke any and al! other Wills and Codicils heretofore made by me. First. I am married to "r`'t'',E' ~v ~ d ~j~T°~ ~-- 5~~b~iia. Tord€r'~'~d drr~cti~t~E~t~i~.y~'~'t`t'~~tltset~•f~l?SeraMl~~penses, expont~~s for adtttin~istration,of my estate and any inheritance and succession taxes, state or federal, upon my estate shall be paid as soon after my death as may be practical. Third. I give all my estate to my wife. In the event that my said wife shall predecease me or fails to survive me for sixty (60) days, I give all my estate to my children, if any, who survive me in equal shares, per stirpes. If I am survived by neither my wife, nor children, then 1 give my estate to: ___.___- ~_ to be hisJhers/theirs in equal shares or their survivor. Fourth. I nominate and appoint my wife as-Executrix of this Will. In the event that my wife shall predecease me or fails to .survive me or fails to serve as such Executrix then in such event, 1 nominate and appoint a) e Cv 1 ~ s~~o-m (~la v ~ ~e-T-~ Executor/ Executrix of this my last Will and Testament. 1 further direct that no appointee hereunder shall be required to give any bond for the faithful performance of his/ her duties. Fifth. ~ 1 here~iXautl~ortze my ~~~ f'~x~cutr~x td exercise all thepowcrs, righis,.discrexions, duties and~'immuni'ties conferred upon Ci~tj~ar'~'~fd~th~e exter~it pei'Yriitted' b•~~'1aw with fu°}l ~~ower-t$ self, lease, mortgage, invest, reinvest, or otherwise dispose of the. assets of my estate. I subscribe my name to [his Will this 13~~' Day of '~'~ , I~~-- ... ~~_. _ _Qi~~ ~~~~i , ,_ -- (Sign here) :v.. ~,~' ~~~~. . ~~ 1983 by AFBP. All rights reserved. Signed; sealed, pta'tisl~ed and decla!~ed td be his Last W Jl and Testament by the w'ttktin.named Testator in the presence pf'us, mho in his presence and at his req,tYest, acid in tine presence of each ottrer,'have hereunto subscribed our-names as witnesses: >> (1) ~C~rlS~'' ~. ~A,e~, of LC/y7lJ~i1~~"'~ (City) ~ (State). (2) ~l (i ~~) S. Lt 1~SnA~ pf ~~u P Ntc.~ , ~~' (City) (State). (3) 'Z~- _. p ~, l i l 1: wt"~ ' of ~_.c'`1~.lsv~ \ ~~e. (City) (State) Af ftdavit State of p~ `tl (1'3c --)City or County of ~ 1~~ ~e~n C~ ' )Town ~.~.s1~'I`~~~~ 1 ~, j Qom, . 1`101 L Personally appeared (1) ~F-~-~~, ~ • --~~ ~~ ~~r-rY~ . (2) ..... and (3) . who being duly sworned, depose and say. thaf'fhey attested the skid: W ill and they subscribed the same at-the request and in the presence of the said Testator.:and in the presence of each other, and the aid Testator, signed --said Will=in~t~heir presence and acknowledged that he had signed said Will and declared the same to be kas~ast Will and Testament,;anddepanents further state that at the time of the,,execution o;fs,~aid Will thesaid ?~estator appeared to be of'lawful age and sound mind and memory and there W.as no evidence of undue influence. The deponents make this Affida~~it at the reyuesr of the Testator; -'s`' Subscribed grid sworn t4 before me this (Notary Seal) NotariaC~3eaj'~"` ~ f I~ViN,amsiJoti duo - ea' Saville Two ~~ ~Y ~.c,t my ••,,~ (:OflltrifSSiOrI Es~Jrrt:s t'1~ ~~ y~ Psnns ivarx'~ '~'" Y egnof Notaries f . -. File No. GLENWD2905 Pa a #2 SUMMARY OF SALIENT FEATURES Subject Address 2905 GLENWOOD RD Legal Description DEED BOOK 0022Y, PAGE 00036, LOT 3-B City CAMP HILL County CUMBERLAND State PA Zip Code 17011-7210 Census Tract 0110.00 Map Reference 25420 Sale Price $ N/A Date of Sale N/A Borrower/Client N!A Lender WILLIAM LEWIS GRUBB ATTORNEY AT LAW Size (Square Feet) 925 Price per Square Foot $ Location AVERAGE Age 48 Condition AVERAGE Total Rooms 5 Bedrooms 3 Baths 1 Appraiser JOHN S. BOSWELL Date of Appraised Value 01-23-2007 _ Final Estimate of Value $ 114,000 Form SSD - "WinTOTAL" appraisal software by a la mode, inc. -1-8D0-ALAMODE Central Penn Appraisals, Inc. (717) 737-4600 Uniform Residential Appraisal Report File No. GLENWD2905 P e #3 File# GLENWD2905 The ur ose of this summa a sisal re ort is to rovide the lender/client with an accurate, and ade uate su orted, o inion of the market value of the sub act roe Pro a Address 2905 GLENWOOD RD Ci CAMP HILL State PA Zi Cade 17011-7210 Borrower N/A Owner of Public Record ESTATE: PETER E. GOLDSTROM Coun CUMBERLAND Le al Descri lion DEED BOOK 0022Y PAGE 00036 LOT 3-B Assessor's Parcel # 13-23-0551-124 Tax Year 2006 / 2007 R.E. Taxes $ 1 284.23 Nei hborhood Name LINDEN GARDENS IN LOWER ALLRN TOWNSHIP Ma Reference 25420 Census Tract 0110.00 Occupant ^ Owner ^ Tenant ®Vacartt S ecial Assessmertls $ 0.00 ^ PUD HOA $ N/A ^ er year ^ er month •• Pro a Ri hts A raised ®Fee Sim le ^ Leasehold Other describe Assi nmertt T e ^ Purchase Transaction ^ Refinance Transaction ®Other describe OPINION OF MARKET VALUE ESTIMATED . Lender/Client WILLIAM LEWIS GRUBB ATTORNEYAI Address 3803 GETTYSBURG ROAD CAMP HILL f'A 17011 Is the subject roe current offered for sale or has ft been offered for sale in the twelve months rior to the effectNe date of this a sisal? ^Yes ®No Re ort data sources used, offerin rice s ,and dates . LOCAL MLS. I ^ did ®did not anaryze the contract for sale for the subject purchase transaction. Explain the resuAs of the anatysis of the contract for sale or why the anarysis was not erformed. N/A Contract Price $ N/A Date of Contract N/A Is the roe seller the owner of ublic record? ^Yes ^ No Data Sources N/A Is there arty financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? ^Yes ^ No If Yes, re ort the total dollar amount and describe the items to be aid. N!A Note: Race and the racial com sition of the nei hborhood are not a sisal factors. Ne fibofioodChataclerlsUcs One-UnltHousn Trends ___ One-UnitHousln~ ~PreserrtLandUse% Location ^ Urban ~ Suburban ^ Rural Pro a Values I~ Increasi ^ Stable Declinin Buirt-U ®Over 75°,6 ^ 25-75°,6 ^ Under 25°,6 Demand/Su ^ Shorts a ®In Balance ^ Over Su Growth ^ Ra id ®Stable ^ Slow Marketin Time Under 3 mths ^ 3-6 mths Over 6 mths Nei hborhood Boundaries THE TOWNSHIP LINE TO THE NORTH EAST SOUTH AND WEST. PRICE AGE $ 000 rs 55 Low NEW 280- Hi h 200+ One-Unft 80 °b 2-4 Unit 6 °b Multi-Fami 2 °~ Commercial 10 °.6 140 Pred. 45 Other 2 °.6 ~~ Nei hborhood Descri lion This suburban nei hborhood has most ublic utilities available relative{ eas access to em to ment and services and is com etitive with other nei hborhoods in the eneral area. Most have similar amenities. No unfavorable factors were observed which would adverse! effect marketabili Market activit indicates avers a or better acce lance in the market lace. Market Conditions includin su ort for the above conclusions See attached addenda. Dimensions SEE LEGAL DESCRIPTION Area 0.29 ACRE Sha e RECTANGULAR View GOOD/CREEK S ecific Zonin Classification R RESIDENTIAL Zonin Descri lion RESIDENTIAL ONE FAMILY Zonin Com Nance ®L al ^ Le ai Nonconformin Grandfathered Use ^ No Zanin ^ Ille al tlescrlbe Is the hi hest and best use of subject roe as im roved or as ro sad er tans and s ecifications the resent use? ®Yes ^ No If No, describe Utilities Public Other (describe) Public Other (describe) Off-ails Improvemerris - T Public Pr'aate Electricity ® ^ 100 AMP Water ® ^ Street ASPHALT ® ^ Gas ® ^ Sanita Sewer ® ^ Alle NONE ^ ^ FEMA S ecial Flood Hazard Area Yes ®No FEMA Fbod Zone C FEMA Ma # 42101600028 FEMA Map Date 9!30/1977 Are the utilities and off-site im rovements ical for the market area? ®Yes ^ No If No, describe Are there an adverse site conditions or external factors easements, encroachments, environmental conditions, land uses, etc. ? [] Yes ®No If Yes, describe There are no a anent adverse environmental conditions observed u on ins action of the im rovements the site or in the immediate vicini of the sub'ect roe .Site has avers a site im rovements avers a landsca in and ical maintenance. There ;are no a anent adverse easement encroachments or other adverse conditions on this site. GeneralDe>#cti flan Faundatlon I:xterlorDescrlpfion '' materla~/condition interior materials/conditiolt_ Units ^; One ^ One with Accesso Unit Concrete Slab ^ Crawl S ace Foundation Walls CON. BLOCK - A'VE. Fbors CPT/WD -AVE. # of Stories 1 Full Basement Partial Basement Exterior Walls ALUM. -AVE. Walls DW/PLA. -AVE. T e Det. AtL S-Del/End Unit Basement Area 925 s .ft. Roof Surface SHINGLE -AVE. TrinVFinish WOOD -AVE. Existin Pro osed Under Const. Basement Finish 0 °,6 Gutters & Downs outs ALUMINUM -AVE.. Bath Floor VINYL -AVE. Desi n S h RANCHER ®Outside Ent /Exit ^ Sum Pum Window T pe DBL. INSULAT. - AV Bath Wainscot FIBERGLASS - AV Year Built 1960 Evidence of Infestation Storm Sash/Insulated NO !YES -AVE. Car Stora a None Effective A e rs 20 ^ Dam ness Settlement Screens YES -AVERAGE ®Drivewa # of Cars 2 Attic None Heatin FWA HWBB Radiam Amenities Woodstove s # Drivewa Surface ASPHALT ® Dro Stair ^ Stairs ^ Other Fuel GAS ^ Fire laces # ^ Fence ^ Gara e # of Cars Floor Scuttle Coolin Cerdral Air Conditionin Patio/Deck DECK Porch Car art # of Cars 1 ^ Finished ^ Heated ^ Individual ^ Other ^ Pool ®Other DECK ®Att. ^ Det ^ Buift-in A fiances ^ Refri erator ®Ran elOven ^ Dishwasher ^ Dis osal ^ Microwave ^ Washer/D er ^ Other describe GAS WATER HEATER Finished area abwre rade contains: 5 Rooms 3 Bedrooms 1 Baths 925 S uare Feet of Gross Livin Area Above Grade . Additional features s ecial ener efficient Items, etc.. WASHER & DRYER HOOK-UP IN THE BASEMENT. • Describe the condition of the roe includin needed re airs, deterioration, renovations, remodelin ,etc.. These im rovements are of averse ualit frame/aluminum desi nand reflect avers a maintenance. Are there an sical deficiencies or adverse conditions that affect the livabil' ,soundness, or structural iota ri of the roe ? ^Yes ®No If Yes, describe No unusual functional obsolescence or external inade uacies were observed. Does the roe eneral conform to the nei hborhood unctions! alit' , s le, condition, use, construction, etc. ? ®Yes ^ No If No, describe Util' of floor Ian is ical for a house of this a e and st le and should receive avers a acce lance in the market lace. Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004- "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report File{ GLENWD2905 There are 5 com arable ro erties current offered for sale in the subject nei hborhood ran in in rice from $ 123 000 to $ 159 900 There are 3 com arable sales in the sub' ct nei hborhood within the ast twelve mont hs ran In in sale rice from $ 97 000 to $ 126 900 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 2905 GLENWOOD RD CAMP HILL PA 1 701 1-721 0 1387 LOWTHER ROAD CAMP HILL PA 17011 1164 KINGSLEY ROAD CAMP HILL PA 17011 1189 SHOREHAM ROAD CAMP HILL PA 17011 Pro>ami to Sub'ect 1.54 miles E 1.86 miles E 1.75 miles E Sale Price $ N/A _ $ 97,000 $ 126,900 $ 122,000 Sale Price/Gross LN. Area $ s .ft.' _ $ 91.77 s .ft. ' $ 122.85 s .ft. ' $ 110.91 s .ft. Data Sources ' ASMT RECORDS/MLS/AGENT ASMT RECORDSiMLS1AGENT ASMT RECORDS/MLS/AGENT Verification Sources . MLS #10133069 MLS #10127048 MLS #10121763 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ustment DESCRIPTION + - $ Ad'uslmeM DESCRIPTION + - $ Atl'ustment Sales or Financing CONY. Concessions NONE CONY. NONE CONY. SELLER HELP -2 000 Date of Sale/Time ~ D8-09-06 / 8 05-30-06140 01-31-06194 Location AVERAGE AVE.-BUSY RD. +2 500 AVERAGE AVERAGE Leasehold/Fee Sim le FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE Site 0.29 ACRE 0.15 ACRE +1,000 0.15 ACRE +1,Ci00 0.14 ACRE +1,000 View GOOD/CREEK AVERAGE +2 500 AVERAGE +2 500 AVERAGE +2 500 Desi n S le RANCHER RANCHER RANCHER RANCHER Oual' of Construction AVE. -ALUM. AVE. - BRK/AL -2 500 AVE. -ALUM. AVE. -ALUM. Actual A e 48 55 58 56 Condition AVERAGE AVERAGE GOOD -10 000 BETT ER/AVE. -5 000 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 5 3 1 6 3 1 6 3 1 5 3 1 Gross Livin Area 925 s .ft. 1 057 s .ft. -2 000 1 033 s .ft. -1 600 1 100 s .ft. -2 600 Basement & Finished Rooms Bebw Grade 925 Sq.Ft. UNFINISHED PART BASE. UNFINISHED FULL BASE. REC ROOM -3 500 FULL BASE. PART FINISHE -1 500 Functional Utili AVERAGE AVERAGE AVERAGE AVERAGE Heati /Coolin GFHA / CA GFHA / NO CA +2 500 GFHA / CA GFHA ! CA Ener Efficient ttems TYP FOR AREA TYP FOR AREA TYP FOR AREA TYP FOR AREA Gara e/Car ort 1 CARPORT 1 CARPORT 1 CARPORT 1 CARPORT - Porch/Patio/Deck 2 DECKS 1 FP/WD.STV. PORCH/STP. -1 5D0 NONE +2 500 • NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE NONE • Net Ad'ustmert otal + ^ - $ 4 000 ^ + ®- $ -13 100 ^ + ®- $ -5 100 Adjusted Sale Price Net Adj. 4.1 °b of Com ambles Gross Atl'. 13.4 °.6 $ 101 000 Net Adj. 10.3 °b Gross Ad . 15.8 °b $ 113 800 Net Adj. 4.2 °.6 Gross Ad'. 14.0 °~6 $ 116900 I did did not research the sale or transfer histo of the sub ect roe and com arable sales. If not, ex lain M research did ®did not reveal an rior sales or transfers of the sub ect roe far the three ears rior to the effective date of this a sisal. Data Sources LOCAL MLS & COUNTY ASSESSMENT RECORDS. M research did did not reveal a rior sales or transfers of the com arable sales for the ear rior to the date of sale of the com arable sale. Data Sources LOCAL MLS & COUNTY ASSESSMENT RECORDS. Re ort the results of the research and ana sis of the rior sale or transfer histo of the subject roe and com arable sales re ort additional r ior sales on a e 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transfer NO PRIOR SALE 11-16-2006 NONE KNOWN TO EXIST NONE KNOWN TO EXIST Price of Prior Sale/Transfer IN THE PAST 3 YEARS $142 500 OTHER THAN ABO\/E OTHER THAN ABOVE Data Sources COURTHOUSE RECORDS COURTHOUSE RECORDS COURTHOUSE RECORDS COURTHOUSE RECORDS EffectNe Date of Data Sources 05-28-2008 05-28-2008 05-28-2008 05-28-2008 Ana sis of rior sale or transfer histo of the subject roe and com arable sales NO UNUSUAL CHARACTERISTICS. IN SALES HISTORY OF SUBJECT OR COMPARABLES. ALL OF THE COMPARABLES WERE VERIFIED TO BE ARMS-LENGTH TRANSACTION AS PER LOCAL MI_S. Summa of Sales Com orison A roach All three sales are considered to be reliable indicators of value and are wei hted similar) in the final reconciliation. All three com arable sales are located in the same market area as the sub'ect roe and would be considered b the same ers ective urchaser if all were on the market at the same time as the sub'ect. THE SUBJECT AND ALL CCiMPS ARE LOCATED IN THE SAME TOWNSHIP & SCHOOL DISTRICT. It is noted that Com arable Sale No. 2 & 3 occurred over six months rior to the a sisal date. Com ambles that sold within six months of the date of the a sisal were si nificantl different in location size condition ecial conditions and/or le. In the a raiser's 'ud ment the com arable selected is a better indicator of value than more recent sales. Com ambles sales used are all closed sales. ro riate ad'ustments have been made for ail differences. I have selected the best com ambles available at this time. Indicated Value b Sales Com orison A roach $ 114 000 Indicated Value by: Sales Com orison Ap roach $ 114 000 Cost Ap roach (if develo d} $ N/A Income Approach (tt developed) $ N/A See attached addenda. • This appraisal is made ®"as is", ^ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ^ subject to the foflowing repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject tc the • foRowin re wired ins tion based on the extraordina assum tion that the condition or deficient does not re wire alteration or re air: THIS APPRAISAL IS A RETROSPECTIVE APPRAISAL FOR ESTATE PURPOSES. I INSPECTED THE PROPERTY 05-22-2008 11:30AM. Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is $ 114,000 as of 01-23-2007 which is the date of Ina ction and the effective date of this a rraisal. Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WinTOTAL" appraisal software by a la mode, Inc. -1-800-ALAMODE Uniform Residential Appraisal Report File f{ GLENWD2905 AMENDMENT TO SCOPE OF WORK: THE INTENDED USER OF THIS APPRAISAL REPORT IS THE LEt~DERlCLIENT ONLY. THE INTENDED USE IS TO EVALUATE THE PROPERTY THAT IS THE SUBJECT OF THIS APPRAISAL FOR FAN ESTATE TRANSACTION SUBJECT TO THE STATED SCOPE OF WORK PURPOSE OF THE APPRASIAL REPORTING REQUIREMENTS OF THIS APPRAISAL REPORT FORM AND THE DEFINITION OF MARKET VALUE AS DEFINED BY FRNNIE MAE AND OR FRI=DDIE MAC. THE REPLACEMENT COST IS USED FOR NEW CONSTRUCTION OR HOMES LESS THAN 5 YEARS IN AGE ONLY. THE INCOME APPROACH TO VALUE IS USED ONLY WHEN THE SUBJECT IS TO BE A SINGLE FAMILI'' RENTAL PROPERTY. APPRAISER ACKNOWLEDGEMENT^^APPRAISERS ACKNOWLEDGES AND AGREES IN CONNECTION WITH ELECTRONIC SUBMISSION OF APPRAISALS AS FOLLOWS:^^THE SOFTWARE UTILIZED BY THE APPRAISER TO GENERATE THE APPRAISAL PROTECTS SIGNATURE SECURITY BY MEANS OF A DIGITAL SIGNATURE SECURITY FEATURE WHICH LOCKS THE REPORT WITHIN OUR OFFICE AND CAN NOT BE ALTERED BY ANYONE OTHER THAN OUR OFFICE.^^^ ^APPRAISER CERTIFICATION^^APPRAISER STANDARDS^^I acknowled a and certi that I m a raisal of the above referenced ro rt ma be used in a federal) related financial transaction sub'ect to re uirements of Title XI of the Financial Institution Reform Recove and Enforcement Act of 1989 FIRREA' ; ii the a raisal must com I with FIRREA and the a licable re ulations im lementin Title IX of Firrea• and iii the a raisal was com leted in accordance with USPAP.^^APPRAISER COMPETENCY^^I certi that I am full ualified and com etent b • trainin knowled a and a erience to erform this a raisal.^^APPRAISER INDEPENDENCE^^I re reserrt and certi that I the a raisal assi nment was based not based on a re uested minimum valuation a s ecific valuation or the a royal of a loan ii m em to ment was not conditioned u on the a raisal roducin a s ecific value or value within a iven ran e• iii m future em to n•ient is not de endent u on an • a raisal roducin a s ec~c vafue• iv m em to ment com ensation and future em to ment are not based u on whether a loan a lication was a roved v neither me nor an erson with an ownershi interest in the com an em to in me is relatrrd to or has an ownershi or other financial interest in either the builder/develo er seller bu er mort a e broker or real estate broker/sales erson or an rson related to an of them involved in the transaction for which this a raisal was re uested or with the most recent sale or refinar~cin of an roe used as a com arable roe in this a raisal and vi I am not aware of an facts which would di uali me from beiri considered an inde endent a raiser.^^^APPRAISAL INSTITUTE CERTIFICATION^^I certi that to the best of m knowled a and belief, this re ort anal ses o inions and conclusions were develo ed and this re ort has been re ared in conformi with the re uirements of the Code of rofessionai Ethics and the Standards of Professional raisal Practice of the raisal Institute.^ ^I Certi that the use of this re ort is :sub'ect to the re uirements of the raisal Institute relatin to review b its dui authorized re resentatives.^ THIS IS A SUMMARY APPRAISAL REPORT. ' COSTAPPROAGHTO UALUE(not'r wired b Fanrxie Mee) ' Provide ade wale information for the lendericlierg to re licate the below cost fi ures and calculations. Su ort for the o inion of site value summa of com arable land sales or other methods for estimatin site vafue LOCAL MLS COUNTY RECORDS ONLINE AND APPRIASERS EXPERIENCE. ESTIMATED ^ REPRODUCTION OR ®REPLACEMENT COST NEW OPINION OF SITEVALUE___..____._ ..............___...._._..________._.____._...__.. _$ Source of cost data MARSHALL i3< SWIFT COST VAULATION SERVICE DWELLING 925 S .Ft @ $'~ _.__..__.... _$ OuaG ratio from cost service AVE. Effective date of cost data 03-2008 BASEMENT 925 S .Ft $, .......__.__ _$ - Comments on Cost A roach ross INin area calculations, de reciation, etc. ___......._ _$ The costa roach was considered but deemed ina ro riate because of Gara a/Car ort 210 S .Ft @ $ .._______._ _$ • the sub~ective ad'ustments warranted for h sisal de reciation due to the Total Estimate of Cost-New _.._._..__ _$ sub'ect's actual a e. No obsolescence was observed. Less P sisal Functional External De reciation =$ De reciated Cost of Im rovements ................_________.._....__________..__. _$ "As-is" Value of Site Im rovements ............._.__._....._.._.....__._...._._._...... _$ Estimated Remaining Economic Life (HUD and VA only) 40 Years INDICATED VALUE BY COSTAPPROACH _____________________________________________ _; [NCOMJEAPPROACH TO VALU _ E(nof required by Fann(e Mae)_ _ i _ Indicated Value b Income A roach Estimated Month Market Rent $ N/A X Gross Rent Mufti tier N/A = $ N/A Summa of Income A roach mcludin su rt for market rent and GRM N/A PROJECT INFORMATION FOR.PUps (it applfcabie)' _ __ _ Is the develo er/builder in control of the Homeowners' Association OA ? ^ Yes ^ No Unit e s ^ Detached Attached Provide the folbwin information for PUDs ONLY'rf the develo er/builder is In control of the HOA and the sub'ect roe is an attached dHrellin unit Le al Name of Pro ect Total number of hases Total number of units Total number of units sold • Total number of units rented Total number of units for sale Data source s - Was the ro'ect created b the corvrersion of existin buildin s into a PUD? ^ Yes ^ No If Yes, date of conversion. Does the ro'ect contain a mufti-dwellin units? ^ Yes ^ No Data Source Are the units, common elements, and recreation facilities com late? ^ Yes ^ No If No, describe the status of com letion. Are the common elements leased to orb the Homeowners' Association? ^ Yes ^ No If Yes, describe the rental terms and o lion;;. Describe common elements and recreational facilities. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004- "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Uf11TOfC1'1 K@SIQ@f1I181 Hppfdl5dl tiepUlrt File{ GLENWD2905 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, d~;finition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, oir deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complebty of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this ~ippraisal assignment and the reporting requirements of this appraisal report form, including the following definition of markett value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject properly, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lenderlclient to evaluate ttie property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of titre 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 considers 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. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special oir creative financing adjustments can be made to the comparable properly by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approxmate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding 1t~e appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, to~ac substances, etc.) observed during the inspection of the subject properly or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, to~ac substances, adverse environmental conditions, etc.) that would make the property less valuable, and has a~osumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whe+ther such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal repa~rt must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be pertormed in a professional manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannle Mae Form 1004 March 2005 Farm 1004 - "WinTOTAL° appraisal software by a la mode, inc. -1-800-ALAMODE Unitorm Residential Appraisal F{epoR File# GLENWD2905 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope oaf work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for ~a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the probmity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed rE:pairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to thc; best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I Ihave no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants o1P the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any otheir basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to pertorm the tasks. I have ncrt authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Farm 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WInTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE File No. GLENW02905 Pa a #8 Uniform Residential Appraisal Report Files GLENWD2905 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal ortlanizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other parry (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Prrofessional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another fender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. 1f this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand ~nrritten signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORYAPPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: i . I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, ~rnd agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice i:hat were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Signature Name JO S. BOSWELL Company Name CENTRAL PENN APPRAISALS, INC. Company Address 24 W. MAIN STREET SHIREMANSTOWN PA 17011 Telephone Number (717) 737-4600 Email Address johnCrDpaappraisers com Date of Signature and Report 05-2s-2008 Effective Date of Appraisal 01-23-2007 State Certification # PA CERT RL-001405-L -RESIDENTIAL or State License # or Other (describe) State # State PA Expiration Date of Certification or License 06-30-2009 ADDRESS OF PROPERTY APPRAISED 2905 GLENWOOD RD CAMP HILL, PA 1 701 1-721 0 APPRAISED VALUE OF SUBJECT PROPERTY $ 114,000 LENDER/CLIENT SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or license SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection Name Company Name WILLIAM LEWIS GRUBB ATTORNEY AT LAW Company Address 3803 GETTYSBURG ROAD, CAMP HILL, PA Email Address COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection Freddie Mac Farm 70 March 2005 Page 6 of 6 Fannie Mae Farm 1004 March 2005 Form 1004- "WinTOTAL" appraisal sofhNare by a la mode, Inc. -1-800-ALAMODE File No. GLENWD2905 Pa a #9 Sunniemental Addendum File No. GLENWD2905 BorrowedClient N/A Property Address 2905 GLENWOOD RD Ci CAMP HILL Coun CUMBERLAND State Pf~ Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBS ATTORNEY AT LAW • URAR : Neighborhood -Market Conditions There are no foreseeable economic trends which might significantly influence market conditions in this area. The current mortgage market offers a wide variety of conventional loans with competitive rates. As a result, the terms of financing have little, if any, impact on sales prices. If interest rates remain reasonable, property values and marketability should be good. Current supply and demand are in balance. Marketing time averages 0-90 days as per MLS ~,tatistics.lnterest rates are ranging from 5-7% with 0-3 points typically being paid for origination or discount. • URAR :Final Reconciliation This appraisal report has been prepared with the property in "as is" condition. No personal pn~perty has been included in this valuation. The fact that the seller is, or is not, paying any portion of the closing cost has no effect on the market value of the subject. Although the subject property was vacant at the time of inspection, all mechanical equipment appeared to be in working order. This appraisal assumes a reasonable marketing period for the subject property of three monthis. The Market Approach reflects recent activity in the market place. In view of the age of these improvements, the Cost Approach cannot be considered an accurate indicator of value. The Income Approach is inappropriate because fe+w single family houses are rented in this market. Given the high quality of the available sale data, the value indicated by the Market Approach is used as the final estimated value. THIS IS A SUMMARY APPRAISAL REPORT. Form TADD - "WinTOTAL" appraisal software by a la mode, Inc. -1-800-ALAMODE File No. GLENWD2905 Pa a #10 Subject Photo Page Borrower/Client N/A Properly Address 2905 GLENWOOD RD Ci CAMP HILL Cou CUMBERLAND State Ply Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBB ATTORNEY AT LAW Subject Front 2905 GLENINOOD RD Sales Price N/A Gross Living Area 925 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location AVERAGE View GOODJCREEK Site 0.29 AG R E Quality AVE. -ALUM. Age 48 Subject Rear Subject Street Form PICPD(.SR - "WinTOTAL" appraisal software by a la mode, Inc. -1-800-ALAMODE File No. GLENWD2905 Pa a #11 Photograph Addendum Borrower/Client N/A Pro a Address 2905 GLENWOOD RD Ci CAMP HILL Coun CUMBERLAND State P,q Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBB ATTORNEY AT LAW REAR VIEV1! AMENITY LEFT BLANK: LEFT BLANK Form GPICPD(- "WinTOTAI" appraisal software by a la mode, inc. -1-800-AIAMODE File No. GLENWD29~5 Pa a #12 Comparable Photo Page Borrower/Client N/A Pro a Address 2905 GLENWOOD RD Ci CAMP HILL Coun CUMBERLAND State PA, Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBB ATTORNEY AT LAW Comparable 7 1387 LOWTI-IER ROAD Prox to Subject 1.54 miles E Sale Price 97,000 Gross Living Area 1,057 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1 Location AVE.-BUSY RD. View AVERAGE Site 0.15 ACRE Quality AVE. - BRK/AL Age 55 Ci~mparable 2 1164 KINGSI_EY ROAD Prox to Subject 1.86 miles E Sale Price 126,900 Gross Lining Area 1,033 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1 Location AVERAGE View AVERAGE Site 0.15 AC R E Quality AVE. -ALUM. Age 58 Comparable 3 1189 SHOREHAM ROAD Prox. to Subject 1.75 miles E Sale Price 122,000 Grass Living Area 1,100 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location AVERAGE View AVERAGE Site 0.14 AC R E Quality AVE. -ALUM. Age 56 Form PICPDCCR - "WInTOTAL• appraisal software by a 1a mode, inc. -1-8Q0-ALAMODE File No. GLENWD2905 P e #13 Building Sketch Borrower/Client N/A Property Address 2905 GLENWOOD RD Ci CAMP HILL Coun CUMBERLAND State PA Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBB ATTORNEY AT LAW ~ z.o' Wood i b o I Deck I Bedroom Bath Dining ~ Kitchen Area One Car c~ b CarpoR N Bedroom Bedroom Living Room 37.0' I I 10.0' _ ~ Deck ~ ~ _ __ 7.0' Skdch xIV"' Corrxr~ents: Code AREA CALCULATIONS SUMMARY Description Size Net Totals GLAS First Floor 925.00 925.00 P/P Wood Deck 56.00 Wood Deck 120.00 176.00 GAR Carport 210.00 210.00 TOTAL LIVABLE (rounded) 925 LIVING 'AREA BREAKDOWN Breakdown Subtotals First Floor 25.0 x 3i'.0 925.00 1 Calculation Total (rot.inded) 925 Form SKT.BIdSkI - "WinTOTAL" appraisal software by a la mode, inc. - i-800-ALAMODE Location Map File No. GLENWD2905 Pa a #14 Borrower/Client NIA Property Address 2905 GLENWOOD RD Ci CAMP HILL Coun CUMBERLAND State PA Zi Code 17011-7210 Lender WILLIAM LEWIS GRUBB ATTORNEYAT LAW a la mode inc: ~`~.~ ~..~ ,~° ~ ~ ,~;~ ~ ~ ~ ~ ~? k ~ ` ~ ~~w ~ 4~ , ., ., Ieeter m rceF e¢aM lrrhrobOY ~. ~ _ ~ k rtw W lW' ~ ~' y !' ~ 1„~ ,~ , 5 0 P .e. tr~ , t Y ~ N'~ ~. ~ ~ AlOUH V{~w.,.. 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