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HomeMy WebLinkAbout06-18-08THE MATTER OF JANETTE NEELY AN ADJUDICATED INCAPACITATED INDIVIDUAL IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS COURT DIVISION ~ ~ NO. 21-08-0032 ~=0 ~~ _- . _c, e. -,-~ - ~_ ~-~ ~' `-~ e :~ ~ ~ _. 'r• `~ PETITION TO SELL REAL ESTATE ~<_~ =r; ~ ~~ c~ .s l -~ ~J `~ -- TO THE HONORABLE JUDGES OF SAID COURT: -` AND NOW, this 17th day of June 2008 comes the guardian, Constance E. Stoneroad, of Keystone Guardianship Services, of the above-captioned incapacitated individual, petitions as follows: 1. Keystone Guardianship Services was appointed Guardian for Janette Neely, an alleged incapacitated person by the Cumberland Country Orphan's Court by order dated March Stn 2008(see copy of Order attached as Exhibit "A"). 2. Janette Neely is presently a resident of Arden Courts of Susquehanna, located at 2625 Ailanthus Lane, Harrisburg, Dauphin County Pennsylvania 17110. 3. Keystone Guardianship Services is in need of funds to pay for continuing care of Janette Neely at Arden Courts, medical expenses and expenses relative to her real estate such as taxes, utilities, insurance and upkeep. 4. Janette Neely is the sole owner of 59 North East Street, Borough of Carlisle, Cumberland County, Pennsylvania (Parcel No 02-0328-298). Page 1 of 3 Pages Estate Janette Neely An Incapacitated Person 5. Janette Neely resided at 59 North East Street, Carlisle, Cumberland County, Pennsylvania with her parents as a child and returned to live with them as an adult inheriting the property upon the death of her last surviving parent. 6. Said Real Estate was appraised by Diversified Appraisal Services, 35 East High Street, Suite 101, Carlisle, Pa 17013 for $173,000.00. (See copy of the appraisal attached as Exhibit "B"). 7. Said Real Estate is assessed at 165,950 X 1.22 bringing the assessed value of the real estate to $202,459.00. 8. Said property is in need of various repairs. 9. The house, porch, yard and out buildings are seriously cluttered with a variety of items such as clothing, trash, food and disregarded items in general. 10. The Guardian received estimates for the clean out of the property one from 1-800-GOT-JUNK, in the amount of $17,500.00 - $20,000.00 and one from Tuckey's Restorations in the amount of $17,503.30 (see copy of the estimates attached as Exhibit "C"). 11. A reverse mortgage was taken out on this property in the amount of $155,610.00, with a current balance of $154,458.32, with monthly charges quickly accumulating of approximately $593.43, per month. 12. Listing this real estate with an agent to sell will initiate a commission of approximately 60 or approximately $10,380.00. Page 2 of 3 Pages Estate Janette Neely An Incapacitated Person 13. Keystone Guardianship Services has received an offer from Humer & Daniels for Jerry and Betty Schlusser of 55 Campground Road, Carlisle, Pennsylvania in the amount of $172,500.00 "AS IS". (see copy of the offer attached as Exhibit .,D..) . 14. The comparison of values vs offer: A. Appraised value $173,000.00 est. expenses $30,000.00 143,000.00 Assessed value 202,400.00 est. expenses 30,000.00 172,400.00 Offer "AS IS" 172,500.00 WHEREFORE, the aforementioned guardian respectfully requests this Honorable Court enter an Order directing the sale of 59 North East Street, Borough of Carlisle, Cumberland County, Pennsylvania (Parcel No 02-0328-298) owned by Janette Neely to Jerry Schlusser and Betty Schlusser, his wife, in the amount of $172,500.00 "AS IS" Date : ~7 ~ T G6nstance E. Stoneroad KEYSTONE GUARDIANSHIP SERVICES 129 Market Street Suite "1" Millersburg, PA 17061 Office (717) 692-2345 Cell (717) 265-4056 Page 3 of 3 Pages Respectfully Submitted: THE MATTER OF JANETTE NEELY IN THE COURT OF COMMON PLEAS AN ADJUDICATED CUMBERLAND COUNTY, PENNSYLVANIA INCAPACITATED INDIVIDUAL ORPHANS COURT DIVISION NO. 21-OS-0032 VERIFICATION I verify that the averments in this Petition to Sell Real Estate and Corporate Assets are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. 4904, relating to unsworn falsification to authorities. Date : ~© ( ~~ Jeff KEYSTONE GUARDIANSHIP SERVICES Constance E. Stoneroad .......~ .... vv r...+.• •w v • v v v 1 /1V1~ CIL IN RE: JANETTE NEEi_Y fN THE COURT OF COMMON PLEAS OF • ~ :CUMBERLAND COUNTY, PENNSYLVANIA • : 2~-as-0032 ORPhIANS' couRT ~ ORDER OF COURT AND NOW, this __ ~'~ ay of 1Vlarch, 2008, this court having this data appointed Keysfone Guardianship Services NPC as plenary guardian of the person and plenary guardian of the estate of Janette Neely, the order entered on January 10, 20x8, appointed Cumberland County Aging and Community SeNices as emergency pienary guardian of the person and emergency pienary of the estate of•Janette Neely, IS VACATED AS OF ~'HtS DATE. By the Edgar B, Bayley, J. Anthony L. D~Luca, Esquire For the Area Agency on Aging ~, Roger Morgenthal, Esquire l=or Janett® Neely :sal . • A'FRUi=COPY FROM RECORD' • . •~•:•• . irs T~titrony vuherof, f hereunw•, •• •'•, ; set my hand and the,seai ' of saki Court at Carlisle, PA , Thisz.:.__day a~ • ~~ ~~ ci~ 2t-~ orrpphans coazc Cumbar~id Cdurity _ / ~j~~ 1 • /7 ~:~ G . i • ~ F Imo" 1 i' : ~ [ ` ~ .,• ~~ , .~ ~ t ' W ` - "' 3 ~ • r~..• ..r vrr r lvl a. .w vl . v V M ~ 1"1WV LJ IN RE: JANETTE NEELY ~, iN THE COURT OF COMMON P1,EAS OF CUMBERLAND COUNTY, PENNSYLVANIA . 21-48-4x32 ORPWANS' COURT • ORDER OF COURT AND NOW, this ~~ day of March, 2008, folio±nring a hearing, iT tS ORDERED: (1} Janette Neely is adjudicated an incapacitated person in need of a plenary • ~ guardian of Fier person and plenary guardian of her estate. (2) .Keystone Guardianship S®rvices NPC is appointed plenary guardian of the person of Janette Neely and plenary guardian of the estate of Janette Neely, (3) Keystone Guardianship Services NPC shalt be paid for i•ts services in accordance with its regular fee schedule. {4) As guardian of the estate of Janette Neely, (1) Keystone Guardianship Services NPC, may, without prior court approval, invade principal as necessary for payment of expenses and debts, and (2} is authorized to enter into listing contracts for the safe of real estate; however, court approval shah be required prior to signing of any contract of sale. ~ • . {5) No parry other than the guardian of the person shall have the right to remove the incapacitated person from her residence at Arden Court, Harrisburg, Pennsylvania, ~~ and no other party shall interfere with her care or otherwise disturb her ~e ands' • • ~~ ~~•.:: tranquility. To ensure the security and welt being of the incapacitated er'~ ' ` p .~~ . ~. <.~ •,%~ _ ~ ~~ T i'•~`t .~ ~:~ ~ ~ representatives of Arden Court Shall have the authority to use their disc~e~;.whiefi~ may•• •=~-; include restriction of visits or other contact~with the incapacitated personG "'' '~=' •- . ~ (6) Keystone Guardianship Services NPC sha(i comply with the reporting r®quirements.setforth In 20 Pa.C.S.A. Section 5521(c}, BY the ~~~~i~ ' Edgar B. Anthony 1... DeLuca, Esquire For the Area P.gency on Aging Roger Morgenthai, Esquire For Janefite Neely . :sal /~ ~~ J. ~ , A`CFi~IE COPY FROfrfJ REC4A1~ In Testimony whsrott i hereunto set my hand and the ssaf t of said Court at Carifsle, PA a4 20 . ~ ~ ~~ is ;~,t ' .~~' ~ ~ omna~ cap ~. ~. ,~ ~. ;,'ii , vrl. .u vV ry4.;1 hA Vl'1 .JY V 1 ML~L V J !N RE; JANETTE NEELY iN THE COURT OF GOMMON PLEAS OF . :CUMBERLAND COUNT'Y,.PENNSYLVANIA . : 21-08.-0032 ORPHANS' COURT IiV RE: PhTITIQN FOR ADJUDICA~'lON OF INCAPACITY AND APPbtNTIUIENT OF GUARDIAN OF THE PERSON AND GUARDIAN OF THE ESTATE OF JANETTE NEELY ~OI~ANDUM OP NION AND ORDER OE C01~RT Bayley, J. IVlarch 5, 28x8:-- Janette Neely, age 84, Is currently a resident at Arden Court,~Harrisburg, Pennsyfvan'ia, a facility specializing in the care of Alzheimer patients. We fend that due to her Alzheimer disease, her ability to r~ceiva and evaluate information effectively and communicate decision are Impaired to such a signifcant extent that she is unable to .manage her fnancial resources and unable to meet essential requirements for her physical heath and safety. Hcr prognosis is for further~mental~det4~rforafiaan. We fiind that she is an incapacitated person in need of a plenary guardian at her persari~ and .plenary guardian of her estate for an indefinite period. Neely, who is represented by private counsel, requests that Keystone Guardianship Services NPG be appointed pi®nary guardian of her p®rson and plenary guardian of her estate. Based on the above Endings, the following order is entered. ~ She suffers from hypertension, asthma and renal disease. ORDER OF COURT .~ AND NaW, this '~ ~'°~'~..~-- day of.March, 2008, fallowing a hearing, IT IS ORDERED: (1) Janette Neely is adJudicated an incapacitated person in need of a plenary guardian of her person and plenary guardian of her estate. (2) Keystone Guardianship Services NPC Is appointed plenary guardian of.the person of Janette Neely and plenary guardian of tl~e estate of Janette Neely. {3) Keystone Guardianship Services NPC shall be paid for its services in accordanc® with its regular fee schedule, {4) As,guardia~n of the es#ate of Janette Neely, {1) Keystone Guardianship .Services NPC, may, without prior court approval, invade principal as necessary for payment of expenses and debts, and (2) is authorized to enfe.r into fisting con#racts for the sale of real estate; however, cour# approval shall be required prior to signing of any contract bf sale. . (5) No party oti~er than the guardian of the person shall have the right to remove the incapacitat®d person from her residence at Arden Court, Harrisburg, Pennsylvania, end no other party shall intertete with her care or other3rvise disturb her peace and tranquility. To ens~~re~the security and well being of the incapacitated person, representatives of Arden Court sfiaii have the authority to use (heir discretion which may include. restriction of visits or other contact with the incapacitated person, . (6) Keyston® Guardianship Services NPC shall comply with th® reporting requirements set forth in 20 Pa.C.S.A. Section 5521(c). ~v• ....... r.......... . •r. •r.~. vvrav v\.nW Vv nMil\M VI'! .JVV 1 1^IbIL V f Anthony L. DeLuca, Esquire For the Area Agency bn Agirtg Roger Morgenthal, Esquire For Janette Neely sy the ,n p ~~,ur .Bayley, J. y :sal APPRAISAL OF REAL PROPERTY LOCATED AT: 59 N. East Street Deed Book 34T Page 228 Carlisle, PA 17013 FOR: Keystone Guardianship Services 129 Market Street, Ste A, Millersburg, PA 17061 AS OF: April 17, 2008 BY: Krista L. Garrick State Certified Residential Appraiser The intended user of the report is Keystone Guardianship Services The intended use is to be for valuation purposes only. Summary Appraisal Format Form GA1 -'TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE ~h~~:h~ ~ ~~~,, FannieMae Diversified Appraisal Services Desktop Underwriter Quantitative Analysis Appraisal Report Frla No. 052708N THIS SUMMARY APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT FOR A MORTGAGE FINANCE TRANSACTION ONLY. Pro a Address 59 N. East Street Cit Carlisle State PA L Code 17013 Le al Descri lion Deed Book 34T Pa e 228 Coun Cumberland Assessor's Parcel No. 02-21-0318-298 Tax Year 2008 R.E. Taxes 3 049.33 S ecial Assessments N!A .. Borrower NfA Current Owner Janette L. Neel Occu ant Owner Tenant Vacant Nei hborhood or Pro'ect Name Carlisle Borou h Pra'ect T e PUD Condominium HOA Mo. Sales Price $ N!A Oate of Sale N/A Descri lion amount of loan char es concessions to be aid b seller N/A Pro ert ri Ms a raised Fee Sim le Leasefrold Ma Reference 21-0318 Census Tract 0121.00 Not : R n th r i l m iti of th nei h h n r i I fa r. Location ^ Urban ®Suburban ^ Rural ` Buift up ^ Over 75% ®25.75% ^ Under 25% Growth rate Ra id Stable Slow Property values ®Increasing ^ Stable ^ Declining Demand(supply ^ Shortage ®In balance ^ Over supply Marketin time Under 3 mos. 3-6 mos. Over 6 mos. Singlefamltyhousing RICE AGE ~(ppg) (yrs) 40 Low New Condominium hashq PRICE (it applic.) AGE $(000) (yrs) Low Neighborhood boundaries The sub'ect ro ert is located in Carlisle Borou h. The sub'ect nei hborhood is 400 Hi h 225 Hi h bordered b PA Turn ike Rte 34 Interstate 81 and Rte 465. ~ Predominant Predominant 125 100 Dimensions Irregular Site area .36 acre Shape Irregular Specific zoning classification and description Residential Zoning compliance ®Legal ^ Legal nonconforming (Grandfathered use) ^ Illegal, attach descripton ^ No zoning Highest and best use of subject properly as improved (or as proposed per plans and specifications): ®present use ^ Other use, attach description. UtilNies Public Other Public Other Electricity ® Water ® Gas Sanita sewer Off-site Improvements Type Public Private Street Macadam ® ^ Alle None Are there an a arent adverse site conditions easements encroachments s ecial assessments slide areas etc. ? Yes No It Yes attach descri lion. Source(s) used for physical characteristics of property: Interior and exterior inspection Exterior inspection from street Previous appraisal files MLS Assessment and tax records Prior ins ection Pro ert owner Other Describe No. of Stories 2.5 T e Det. Atl. Dei Exterior Walls Stone Roof Surtace Metal Manufactured Housin Yes No Does the roe enerall conform to the net hborhood in terms of s le condition and construction materials? Yes No If No attach descri lion. Are there any apparent physical deficiencies or conditions that would affect the soundness or stmctural integrity of the improvements or tfre livability of the property? Yes No Ii Yes attach descri lion. Are there any apparent adverse environmental conditions (hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property? ^ Yes ®No If Yes, attach description. I researched the subject market area for comparable listings and sales that are the most similar and proximate to the subject property. My research revealed a total of 4 sales ranging in sales price from $ 140,000 to $ 240,000 My research revealed a total of 1 listings ranging in list price from $ 140 000 to $ 220,000 The anal sis of the comparable sales below reflects market reaction to si nificant variations between the sales and the subject pro erty. FEATURE SUBJECT SALE 1 SALE 2 SALE3 59 N. East Street Address Carlisle 155 W. Louther Street Carlisle 162 W. Louther Street Carlisle 14 S. East Street Carlisle Proximit to Sub ect 0.41 miles 0.42 miles 0.12 miles ales Price 185 000 179 900 140 000 Pric Gross Livin Area r'' 48.43 ~ 95.73 ~ 48.71 ~ Data iS Verificafion Sources Courthouse/MLS Courthouse/MLS Courthouse/MLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad usl. DESCRIPTION + - $ Ad'usL Sales or Financing Concessions Conventional None Known Conventional None Known Conventional ' None known Date of Sal ime 11!29106 812!06 12129106 Location Avera a Su erior -18 500 Su erior -18 000 Similar Site 36 acre 12 acre +9 600 .17 acre +7 600 .10 acre +10 400 View Avera a Avera a Avera a Avera e Desi n S le 2.5 sto /3 Unit 3 Sto !4 Unit 2.5 Sto /4 Unit 2 sto /3 Unit Actual A e rs. 140 ears 146 ears 96 ears 106 ears Condition StonelAvera a Brick/Similar Brick/Similar Alum VnVSimilar +10 000 _ Above Grade Total ~Bdrms~ Baths Total Bdrms~' Baths Total ~Bdrms~ Baths Total ~Bdrms~ Baths Room Count 15 ~ 5 3.5 16 ~ 8 ~ 4 -1,500 14 ~ 5 4 +500 13 ~ 7 ~ 3.5 ~ +2,000 Gross Livi Area 3 664 S . FL 3 820 S . Ft. -2 300 3 228 S . Ft. +6 500 2 874 S . Ft. +11 900 Basement & Finished Rooms Below Grade Full basement Unfnished Part basement Unfinished Full basement Unfinished Full basement , Unfinished Cara a Car ort None 1-car ara a -2 000 3-car ara a -6 000 None Porch/Patio/Bale Porch +2,000 2 PcheslBalcon Porch +2 000 1 Fire lace None +1 000 None +1 000 None +1 000 Net Ad'. total + - 11 700 + - 8 400 + - 37 300 ` Adjusted Sales Price of Comparables Net 6.3 % Gross 19.9 % 173 300 Net 4.7 % GrOSS 92.0 %' 171 500 Net 28.6 % GrOSS 26.6 % 177,300 Date of Prior ale 8!30!90 No riot sale listed 1110106 9/15!98 Price of Prior Sale 1 179,900 90 000 Analysis of any current agreement of sale, option, or listing of the subject property and analysis of the prior sales of subject and comparables:No sale has taken lace on the sub'ect ro ert wHhin the ast three ears. No sales have taken lace on the cem arables in the ast 12 months. Summary of sales comparison and value conclusion: The Sales Com orison a roach is the best a roach for this t e of ro ert .The Costa roach was not considered since this is not new construction. The income a roach is considered to be unreliable due to the fact that GRM does not take o eratin a ense variations into consideration. Usin a ca italization rate which is a lied to the net o eratin income would be more accurate. This appraisal is made ®"as-is', ^ subject to completion per plans and specifications an the basis of a hypothetical condition that the improvements have been completed, or ^ subject to the following repairs, alterations or conditions BASED ON AN ^ EXTERIOR INSPECTION FROM THE STREET OR AN ®INrERIOR AND EXTERIOR INSPECTION, I ESTIMATE THE MARKET VALUE, AS DEFlNED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT TO BE S 173, 000 , AS OF April 17, 2008 PAGE 1 OF 3 Fannie Mae Form'L055 9-96 form 205 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Desktop Underwriter Quantitative Analysis Appraisal Report F~ta Ne. nSa~naN Project Information for PUDs (Ii applicable) - • Is the developer/builder in control of the Home Owners' Association (HOA)? ^ Yes ^ No Provide the following information for PUDs only if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit: Total number of phases 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 project created by the conversion of existing buildings into a PUD? ^ Yes ^ No If yes, date of conversion: _ Does the project contain any multi-dwelling units? ^ Yes ^ No Data Source: Are the common elements completed? ^ Yes ^ No If No, descdbe status of completion: Are any common elements leased to or by the Home Owners' Association? ^ Yes ^ No If yes, attach addendum describing rental terms and options. Describe common elements and recreational facilities: Project Information for Condominiums (If applicable) - - Is the developerlbuilder in control of the Home Owners' Association (HOA)? ^ Yes ^ No Provide the folowing information for all Condominium Projects: Total number of phases Total number of units Total number ei units sold Total number of units rented Total number of units for sale Data Source(s) Was the project created by the conversion of existing buildings into a condominium? ^ Yes ^ No If yes, date of conversion: Project Type: ^ Primary Residence ^ Second Home or Recreational ^ Row or Townhouse ^ Garden ^ Midrise ^ Highrise ^ Condition of the project, quality of construction, unit mix, etc.: Are the common elements completed? ^ Yes ^ No If No, descdbe status of completion: Are any common elements leased to or by the Home Owners' Association? ^ Yes ^ No if yes, attach addendum describing rental terms and options. Describe common elements and recreational facilities: PURPOSE OF APPRAISAL: The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report based on a quantitative sales comparison analysis for use in a mortgage finance transaction. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided any required sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser 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. 4. The appraiser has noted in the appraisal report any adverse conditions (such as, but not limited to, needed repairs, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of dudng the normal research involved in pertorming the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, expressed or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or tar any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 5. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report tram sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 6. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 7. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federalty approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the report to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. 8. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion per plans and specifications on on the basis of a hypothetical condition that the improvements have been completed. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion, repairs, or alterations on the assumption that completion oT the improvements will be performed in a workmanlike manner. PAGE 2 OF 3 Fannie Mae form 2055 9.96 Form 205 - "TOTAL for Windows' appraisal software by a la mode, inc. -1-600•ALAMODE Desktop Underwriter !luant~tati~ve wnaiysis wppraisai Kepori File No. APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I performed this appraisal by (1) personally inspecting from the street the subject property and neighborhood and each of the comparable sales (unless I have otherwise indicated in this report that I also inspected the interior of the subject property); (2) collecting, confirming, and analyzing data from reliable public and/or private sources; and (3) reporting the results of my inspection and analysis in this summary appraisal report. I further certify that I have adequate information about the physical characteristics of the subject property and the comparable sales to develop this appraisal. 2. I have researched and analyzed the comparable sales and offerings/listings in the subject market area and have reported the comparable sales in this report that are the best available for the subject property. I further certify that adequate comparable market data exists in the general market area to develop a reliable sales comparison analysis for the subject property. 3. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware, have considered these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them, and have commented about the effect of the adverse conditions on the marketability of the subject property. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 4. I stated in the appraisal report only my awn personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 5. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to [he participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 6. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property, 7. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 8. I estimated the market value of the real property that is the subject of this report based on the sales comparison approach to value. I further certify that I considered the cost and income approaches to value, but, through mutual agreement with the client, did not develop them, unless I have noted otherwise in this report. 9. 1 performed this appraisal as a limited appraisal, subject to the Departure Provision of the Uniform Standards oT Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of the appraisal (unless I have otherwise indicated in this report that the appraisal is a complete appraisal, in which case, the Departure Provision does not apply). 10. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value. The exposure time associated with the estimate of market value for the subject property is consistent with the marketing time noted in the Neighborhood section of this report. The marketing period concluded for the subject property at the estimated market value is also consistent with the marketing time noted in the Neighborhood section. 11. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. I further certify that no one provided significant professional assistance to me in the development of this appraisal. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have examined the appraisal report for compliance with the Uniform Standards of Professional Appraisal Practice, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 5 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. APPRAISER: SUPERVISORY APPRAISER (ONLY IF REQUIRED): Signature: ~w,>la~ Signature: Name: Krista L. Garrick Name: Company Name: Diversified Appraisal Services Company Name: Company Address: 35 E. High Street Suite 101 Company Address: Carlisle PA 17013 Date of ReporVSignature: Mav 2e, 2008 Date of ReporUSignature: State Certification #: RL-003233-L State Certification #: or State License #: or State License #: State: PA State: Expiration Date of CeR'rfication or License: June 30. 2009 Expiration Date of Certification or License: ADDRESS OF PROPERTY APPRAISED: 59 N. East Street SUPERVISORY APPRAISER: Carlisle PA 17013 SUBJECT PROPERTY APPRAISED VALUE OF SUBJECT PROPERTY S 173 000 ^ Did not inspect subject property EFFECTIVE DATE OFAPPRAISAL/INSPECTION April 17 2008 ^ Did inspect exterior of subject property from street ^ Did inspect interior and exterior of subject property LENDER/CLIENT: Name: Company Name: Keystone Guardianship Services Company Address: 129 Market street, Ste A Millersburg, PA 17061 COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street PAGE 3 Gf 3 hannie Mae Yerm'LUbb 9-9ti Form 205 - "TOTAL far Windows' appraisal software by a la mode, inc. -1-800-ALAMGDE Desktop Underwriter OuantitativP dnatvci¢ Annr~:c~l tae.,...+ EEATURE SUBJECT 59 N. East Street Address Carlisle SALE 4 271 W. South Street Carlisle SALE 5 SALE 6 Proximi to Sub'ect 0.64 miles Sales Price 240.000 Pric GrossLivin Area ~ 67.40 ~ ~ Data 8 Verification Sources Courthouse/MLS VALUE ADJUSTMENTS Sales or Rnancing Concessions DESCRIPTION DESCRIPTION Conventional None known + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. DESCRIPTION + - $ Ad'ust. Date of Sal Ime 1130/07 Location Avera a Su erior -24 000 Site 36 acre 21 acre +6,000 View Avera a Avera e Desi n S le 2.5 sto f3 Unit 2.5 sto /3 Unit Actual A e rs. 140 ears 108 ears Condition Stone/Avera a Brick/Inferior -36 000 Above Grade Room Count Total Bdrms Baths 15 ~ 5 ~ 3.5 Total Bdrms~ Baths 12 5 ~ 3 +3,500 Total i6drmsi Baths Total ~Btlrmsi Baths Gross Livi Area Basement 8 finished Rooms Below Grade 3 664 S . Ft. Full basement Unfinished 3 561 S . FL Full basement Unfinished +1 500 S . Ft. S . Ft. Gara a Car art None 2-car ara a -4 000 PorchlPatiolBalc Porch/Balcon +1000 1 Fire lace None +1 000 Net Ad'. total + - 51 000 I-I + n - ; + f-I-; Adjusted Sales Price of Com arable Date of Prior Sale 8!30/90 Net 21.3 % Gross 32.1 % No rior sale listed 189 000 Net % Gross % Net % Gross % Price of Prior Sale $ 1 $ $ $ Comments: Com arable sale 4 was rovided for additional su ort within the sub'ect nei hborhood. Diversified Appraisal Services Fannie Mae Form 2055 9-96 Form 205.(AC) -'TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Supplemental Addendum ra°ni~ nF~~nuni Borrower Cliert N!A Pro a Address 59 N. East Street Ci Carlisle Coun Cumberland State PA Z Code 17013 Lender Ke stone Guardianshi Services Scope of the Appraisal: The appraiser inspected the interior and exterior of the subject property, This appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and neighborhood and selection of comparable sales within the subject market area. The assignment included an analysis of the subject's area, an estimation of the propertes highest and best use, the consideration of all three approaches to value and the application of those relevant to the valuation of the subject property. Intended User: The Intended User of this appraisal report is the LenderlClient. The Intended Use is to evaluate the property that is the subject of this appraisal for valuation purposes, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. Additional comments: The subject is older than five (5) years old. All mechanical systems including the heating, electrical and plumbing systems were on and in working order at the time of inspection. No warranties are implied in this statement. One or more comparable sales are older than six (6) months old. Although there are comparable properties in the subject's area, none have sold recently, therefore, sales in excess of six (6) months old have to be used. All four comparables used were the best available. A location adjustment was made for comparable number 1, 2 and 4. The subject is located in an area with slightly lower land prices. Individual line adjustments were required that exceed 10%. These adjustments were required due to lack of more similar comparables on that individual rating. All four comparables are the best available. Gross adjustments exceed 25 f and net adjustments exceed 15% for one or more of the comparable sales. Although there are other similar homes in the subject neighborhood, none have sold recently. The sales used are the best available. This report has been electronically prepared and transmitted in compliance with USPAP guidelines which include verification of the complete transfer and delivery, digitally protected signatures and adequate security measures in place to protect data transmitted by appraiser. Privacy Notice Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the clients nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to faalitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insuring the security and integrity of your information. Form TADD - "TOTAL for Windows' appraisal software by a la mode, inc. -1-8IXI-ALAMODE Location Man Borrower Client N/A Pro a Address 59 N. East Street Ci Carlisle Coun Cumberland State PA Zi Code 17013 Lender Ke stone Guardianshi Services M wawr~e~urm~, ~G,~t ~ appoint" -~-~ -~ w ~ _ ~ I O ' ~ ~ ~ ~ ~ I ~ ~ qq,,,,~~ E 3t o ~ ~ 9 ~ i~ ~~ ~~ fa Sr ~ z ! I 4~~ ,Pa . Ava ~~ ~. u ~ -~-. v ~ C i ~ lbw y Ocinbar~~. ~ ~ a(h Avel ~ ~ ~ u3 ~ ~5~ Aver ~ N4 ,-' . .ns 7q ~ dth q„Q ~ j i5us irro ~ exr+eks o~ F g~ '. : i ~ A 5' Jl7ar ~'S' p Yl I t,9 L'ullege Qo tai S!~ ~ i 13rd .4yg. ..C' f p` ~ v a ,a v~3 ~ r. ~"d ~ K ~ I~1 ~ ~ ~ ~~ ~~ `m ~, `~ N D ['~VJGOdrt 'di. ~rtf1 Si ~ +'erin St _... W pBdrr Sf ~ ~ S '' 4 ~ _ ~..,. ~~^t3' a a ._ .Y V .. r iu~- ' ... .. ~ppr ~ ~ w ~ Eim ;r ~ . ;~ K,m~>..z;;; f.3 ~. 0. I ~~ ~ ;. ~ _ 11 r inn Sr ~ v ~ i ~' I W Cy - ~ ~~4 SI _.: ~ rV ~ re ~ ~n7 ewNhc: Rtl z ... ~' .. t _ arras +' a Wcki ~ ., ~1S[• Avg y 5f 11~ 64t ~ CoN ~ 5 .~ :~~I'rrvr..._ ~. w - ~ z_ - "~ " ' ~ ~ ~ i ,- ~ AGc ~ ~ Ofokmsor i ~ar4isl2 _:: 641; M - ~' S6uiH ~ ~ £ ~ _. ~ oihi~u, SJ,pa . , I S LWesry qYe ~a._ -. _ ~ _a ~ ~ _ ~ ~~ Cpl i ,. N ~ ~i°s ~ ~ ~ ~VP O~Rr116(jl$f ~ I _ i 'I i -~ ~Sesfn ~ Ih ~ h ,vm:kgBtrcJ~ Ln Yom' Walr1W Sf v`S ~ ' ~` Lf Paok ~~~~~erabr-~ $ a .... $ v~ is ~~~~gs '~ ~ ~ ~ i r ~ ~ ,~N 4YOcuy S[ ~' i tit y~ ~ ~ ~ at 8 ,~ a r ~.~rfwN gr. - s m ° " 341_ ~' ~ ~ r~ 't'brrb Ave ~ ~ ~~~tl9a3r a , " < i ~ I' ~ ~ Thornwatd P n ;. ~ .: Q '- ~~ ~r U - ___ _ ~.- ~._ '.'"._.=.--,W-" .~ - _.. -~- ~....-...-_ -- - ~ Rotary j~ Gad~~ ~ or ~f.rrmar z „AWm Drl ~ •~ati.~ -_ ._ ~ t3 ., ~ li 1, i ~ hbufier• Ln S~o Biddle Dr, ~ !Qr Rotlin9oe;l, i 9o8f~ t71 c7! I ~~ ~ ~` li ~odtl qy d , uN ' ~ ~m i i ete Ave ,r cR :.tra~+~ @t~ ~ I BOnMbrook Rd .._. i ~Q GI'cYnf~ 'dt b' _ ~ ~omiy Brook r:i ~ C~~la ~`, ';'., I 0.1 C.t n. ®zaoa rnicrosorteop ®zomxavtEaana~orkieeeas uc Nhroh9t ~j Farm MAP.LOC - `TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Subject Photos Borrower CIieM N/A Pro ert Address 59 N. East Street Cit Carlisle Coun Cumberland State PA Zi Code 17013 Lender Ke stone Guardianshi Services Subject Front 59 N. East Street Subject Rear Subject Street Farm PICPIX.TR - "TOTAL for Windows' appraisal software by a la mode, inc. -1-600-ALAMODE Comparable Photo Page Borrower Client N/A Pro Address 59 N. East Street Cit Carlisle Coun Cumberland State PA Zi Code 17013 Lender Ke stone Guardianshi Services Comparable 155 W. Louther Street Prox. to Subject 0.41 miles Sale Price 185,000 Gross Living Area 3,820 Total Rooms 16 Total Bedrooms 8 Total Bathrooms 4 Location Superior dew Average Site 12 acre Quality Age 146 years Comparable 2 162 W. Louther Street Prox. to Subject 0.42 miles Sale Price 179,900 Gross Living Area 3,228 Total Rooms 14 Total Bedrooms 5 Total Bathrooms 4 Location Superior View Average Site 17 acre Quality Age 96 years Comparable 3 14 S. East Stre et Prox. to Subject 0.12 miles Sale Price 140,000 Gross Living Area 2,874 Total Rooms 13 Total6edrooms 7 Total Bathrooms 3.5 Locaton Similar View Average Site 10 acre Quality Age 106 years Form PICPU(.CR - "TOTAL for Windows• appraisal software by a la mode, inc. - 1.800-ALAMODE Comparable 271 W. South Street Prox. to Subject 0.64 miles Sale Price 240,000 Gross Living Area 3,561 Total Rooms 12 Total Bedrooms 5 Total Bathrooms 3 Location Superior View Average Site 21 acre Quality Age 108 years Comparable 5 Prox to Subject Sale Pdce Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Comparable 6 Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location dew Site Quality Age Form PICPIX.CR - "TOTAL for Windows' appraisal software by a la mode, inc. -1-800-ALAMODE Comparable Phetn Paea a~t.~d`'S+It~ie Bur'ea~ ~ P~~ ~~ fl~c~pitinfs~! x1~~rs C~rtifflc~r'Yr~e ' ~_ ,~ Ca~r~lyd R~el~fyttN l4rlnK ~ . , . ` i y~ r 'a'"' - . LriilEal i4'ic.ai~rs'p~~ iIC11tS~iYE.tl1~411lh1t~t ~er~ll+c~rrr i1E1f190~-1~7 f ift' fAtPilJd#'Elf t~l?#,MECH qC1 +~tl.~ti;~x rhea Mvr RLOd1~L ~+~ IWt UY1~33DJ~61pp # ,~ ~~~~ ~ Form SCA - ^TOTAL for Windows' appraisal softwan: by a la mode, inc. -1-800-ALAMODE FROM: Diversified Appraisal Service 35 E. High Street, Suite 101, Carlisle, PA 17013 INVOICE DATE REFERENCE Carlisle, PA 17013 052708N May 28, 2008 Phone: 717-249-2758 Fax: 717-258-4701 Tax ID #206-46-6731 T0: Keystone Guardianship Services 129 Market Street, Ste A, Millersburg, PA 17061 Diversified Appraisal Services Form D2NIN - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE -800-60i•JUNN~ ~pP ~~,~2 THE WORLD'S~,Q.~~GEST JUNK REMOVAL SERVICE _..~ --_ "-~ Capital City ~ ~ P.O.Box6440 ~ C..,:~`~ tv~,~c~ti; _ • _--_ - r <: f{>~Z~,,I __, T`-- ' ~.~ Moving:^ W omissin , PA 19610. Y 9 t E t .. ~ ~ ~; '•4-L~.r_ `1, ;' „~,~;-1~ ~ ~ i Phone : (8661397-1784 `~ •,.~ `_,-„ . ~e: S- ~' - ~~ ~~~. - _ ~~ Driver. ~~or~'~-- .- ..i t1 ~- ,~ ~. ~-~2 ° , I Cv~v~i c' Route: Name :................._~'......~:::.......:......................-~:..::,................---..............-----........... Company Name:.....~:~:..: ~.~. ~ ~~ 2.. ...-~.~:~u ~Ct:f.-~~.~a._~~~ ................ Start Time: Mailing Address:....:~..~ .............~~......... =~• ' ` ~ °~' End Time: .....~.~.....~~.:~:........:~-'....'...---.....---............ wxrtecorvc~c~ vtuowcorvcuerJr ...................................................~................................ City:.........t---~...~.,~.. 1~...~ _ ..................:..... ....................................................~.... Zi P State/Province:..U~~~..!............. p/ ostal:.~.e.'..~~... Home:... ~.'...~.~..` ^ .`~ ~.~ .............• Office:...........-lr.v~.~.~-.:::.....~.:~~..~~..............-.... ............................. ......... Fax :................................................................. Job ID :............f...~~:~.f<%...~~.`~...~ .................-............................... Pickup Address :......................................................................................... City: .....................-........................................... Load Size Description Price ~.~ - ~f ~ ~S3Q -°- ~ 1 ..~~ ~~' ~ ~ 1 J . y ~~ Discount HOW DID YOU LEARN AB©~ US? Subtotal .. ,'; Sales Tax Total ^ M/C ^ VISA ^ Cash ^ Check ^ Invoice ^Other .................................... Expiration Date :............................. - ............................. Security,~ode:...._......_..:.................---....._........._...... Name (if different~rom above): .._..,..._..~ ........................ ........ .... ................. !~ .._-- Signature !1 r`, r ,r--~~` ... r -~: ~. /.~..., ate• ...........~ . ............................................. ~ ~ s r ;' ~ ~:P ~ ~I ~/ ice. ~M / DD / YY ~, ~ TERMS: All acccuMS are due upon receipt unless c ed'R has been establis d, then accounts are due within 30 days. Overdue accounts ere subject to 2% interest per month 124% per annum). As owner, ageM,nrtenaM of the above location, I hereby authorize the above work and agree to make payment specified and acknowledge the work has been satisfactorily completed. If this account is assigned to an outside agency for collection, I/we agree tgpay all associated fees, which will be added to the outstanding balance of the account j- ~.~/"b~ ~~ C~~a~ ', RESTORATION, INC. 12 Stover Drive Car{isie, PA 17015 (717) 249-7052 Fax (717) 249-8370 May 1, 2008 Ms. Shelley Dreibelbis Keystone Guardianship Services 129 S. Market Street Millersburg, PA 17061 SUBJECT: Removal of Contents SITE: 59 N. East Street Carlisle, PA 17013 Dear Ms. Dreibelbis: We are pleased to offer this proposal to provide the move-mentioned project with the required labor and material as outlined below. The price structure and job. scope is as per our interpretation of the request of the owner as outlined verbally and in document form.- Nothing beyond what is specifically mentioned should be assumed inclusive in this bid. JOB SCOPE: 1. Provide labor to haul contents to on-site dumpsters. 2. Provide up to five (5) dumpsters for disposal of contents. 3. Reclaim of Freon from appliances. 4. Sweep rooms. Total Price $17,503.3Q The above price is valid for 30 days from proposal date. If asbestos, lead, or any environmentally hazardous material is found, the project will be stopped immediately until the material is tested and/or removed. Tuckey Restoration, Inc. assumes no responsibility, either physically or financially, for the testing or removal of any such hazardous material. In the event that said asbestos, lead, or other hazardous material is not removed within 30 days, Tuckey shalt have no further obligation to perform its duties set forth in the Agreement and the Customer shall pay Tuckey foc all services performed prior to such discovery. Please take note to the special terms and conditions on the reverse side. ACCEPTED BY: Customer's Name: Signature: Signature: Date: TUCKEYfRES~QRATION, tNC. By: ~],,t~, -- Don Stevens, Project Manager File: P08TR,KeystoneGuardianSvcs,Cleanup,0501.doc -Tuckey Restora'tio/n, lnlc, is an Eq/ua`l Opportunity Employer - I.AW ~Fl+'ICES .13UME13 8C DgNIELS 20b FABMEBS BUST BUILDIN(} oNE WEST HIGH STREET WILLIAM S. DANIELS CAaLISLE, PENNSYLVANIA 17013 c7AMES $, $UME$ (1988) (717) 2x13-3831 FAx (717) ~3-bais June 11, 2008 Keystone Guardianship Services As Guardian for Janette Neely 129 Market Street, Suite 1 Millersburg, PA 17061 Attention: Constance E. Stoneroad RE: Proposal to Buy Real Estate of Ward Dear Ms. Stoneroad: This letter is to confirm that I represent Jerry Schlusser and Betty Schlusser, husband and wife, of 55 Campground Road, Carlisle, Pennsylvania 17015. Mr. and Mrs. Schlusser are interested in purchasing the single family residential real property belonging to Janette Neely which is located at 59 North East Street in the Borough of Carlisle, Cumberland County, Pennsylvania 17013. More specifically, these premises are those described in Cumberland County Deed Book `~", Volume 34, Page 228, and Tax Parcel Number 02-21-0318-298. They hereby submit their offer to pay the sum of One Hundred Seventy-two Thousand five Hundred and No/100 ($172,500.00) Dollars cash for said real property "AS IS," including the contents of the home (all fixtures and furnishings/tangible personal property). In addition, they will not require that the premises be cleaned or that trash on site be hauled away before settlement. The conventional expenses of Buyer, i.e., one percent of contract sales price as realty transfer taxes, the proration of property taxes, and hazard insurance premium plus their cost for closing shall be borne by them, with no inspections or tests or appraisals being necessary. No financing of this transaction shall be required. Settlement may be scheduled without delay except for the completion of procedural details. This offer is conditioned upon the availability of a clear title, insurable at regular rates by a reputable local title insurance company to underlie a deed of special warranty. Ms. Stoneroad June 6, 2008 Page 2 Subject to an affirmative response to this overture, a Seller's Property Disclosure Statement is enclosed to facilitate the formal processing of a subsequent Agreement of Sale. Should there be any questions, please don't hesitate to call me. Thank you for your prompt attention and favorable consideration of this proposal on behalf of Jerry and Betty Schlusser. Sincerely, `~ William S. Daniels vhd encl cc: Mr. and Mrs. Schlusser