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HomeMy WebLinkAbout09-03-08 (2)r_ ~ REV-1500 EX (06-05) 15056051047 OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN 2 1 0 8 0 2 5 8 PO Box 26oso1 RESIDENT DECEDENT Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 1 7 4 8 3 4 1 4 0 2 1 8 2 0 0 7 0 1 0 9 1 9 0 6 Decedents Last Name Suffix Decedent's First Name MI B O Y L E ~ L O U I S E (If Applicable) Enter Spouse's Information Below Spouses Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW _ 1. Original Retum ~ 2. Supplemental Return O 3. Remainder Retum (date of death prior to 12-13-82) O 4. Limited Estate ~ 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Retum Required death after 12-12-82) _ 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust 6. Total Number of SDB's (Attach Copy of Will) (Attach a Copy of Trust) O 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death O 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 ANC1 CONFIDENTIAL TAX INFORMATION SHALL BE DIRECTED TO Name Daytime Telephone Number R O N A L D E J O H N S O N 7 1 7 2 4 3 1 2 3 ~,, Finn Name (If Applicable) ;~L, ;-r ~ - . A N D R E W S & J O H N S O N r . , ~ ~'-j f 'Q ~ , ~ ~~ First line of address ~ '~ 1 ) r'.±7 3 1 T P O M F R ~~ ~ . 7 8 W E S E T S T R E E T .~~? d li f address S ~ + :. econ ne o ~ ~ ~~ ..~ ~. . D- ED " :'> ~ y city or Post office state ZI Code ;~ ,T C A R L I S L E P A 1 7 0 1 3 Correspondent's e-mail address: relOhnSOn (p7Da.net er pena ies o penury, ec are ave examine is re um, me u ing accompanying s e u es an s emen s, an o e es my now a ge an a ie , i is rue, come and complete. Declaration of preparer other than the personal representative is based on aIP the information of which the preparer has any knowledge. S~eP~jAT~JRE OF PE,F;2SON RESPONSIBLE FOR FILING RETURN DATE , Carlisle, Side 1 15056051047 15056051047 ,r FOR REV-1500 EX Decedent's Social 5ecurit Number Decedents Name: Louise M. Boyle 1 1 7. 4 6 3 4 1 4 RECAPITULATION 1. Real estate (Schedule A) 1. $0.00 2. Stocks and Bonds (Schedule B) 2. $1,317,448.93 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) 3. 4. Mortgages 8 Notes Receivable (Schedule D) 4. $0:00 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 5. $10,572.00 6. Jointly Owned Property (Schedule F) Q Separate Billing Requested 6. $129,336.34 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property 2 (Schedule G) Q Separate Billing Requested 7. $4,519. 8. Total Gross Assets (total Lines 1-7) 8. $1,461,676.56 9. Funeral Expenses & Administrative Costs (Schedule H) 9. $91,633.79 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 10. $2,526.82 11. Total Deductions (total Lines 9 810) 11. $94,160.61 12. Net Value of Estate (Line 8 minus Line 11) 12. $1,367,715.95 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) 13. $0.00 14. Net Value Subiect to Tax TAX COMPUTATION -SEE I 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 _ 16. Amount of Line 14 taxable at lineal rate x .045_ 17. Amount of Line 14 taxable at sibling rate x .12 18. Amount of Line 14 taxable at collateral rate x .15 19. TAX DUE 15056052048 1 715.95 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 15. $0.00 16. $61,547.22 17. $0.00 18. $0.00 19 $61,547.22 Side 2 15056052048 15056052048 ! ~ REV-1500 EX Page 3 File Number Decedent's Complete Address: Decedent's Name Louise M. Boyle STREET ADDRESS CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discounts 3. Interest/Penalty if applicable Total Crodits (A+B+C) (2) $0.00 D. Interest $3,285.14 E. Penalty Total InterestlPentalty (D+E) (3) 4• ff Line 2 is groater than Line 1 + Line 3, enter the difterenee. This is the OVERPAYMENT. (4) Fill in oval on Page 2, Line 20 to request a refund $3,285.14 5• If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) $64,832.36 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) $64,832.36 Make Check Payable to: REGISTER F WILLS, AGENT _ ~ ~ ~ ~ _ , PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING'AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: yeS n0 a. retain the use or income of the property transferred: b. retain the right to designate who shall use the property trenserred or its income: c. retain a reversionary interost: or ~ 0 d. retain the promise for Gfe of either payments or care? 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? 3. Did decedent own an "in trust fo/" 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 beneficiary disignafion? ,EDUCE G AND FILE IT AS PART OF THE RETURN. IF_THE ANSWER TO AN_Y OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLE SCH . - -~ --~- - T . ~ o ._ . For dates oT death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72P.S. Sec. 9116(a)(1.1)(I)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of th¢ surviving spouse is 0% [72 P.S. Sec. 9116(a)(1.1)(ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disGosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. Fw dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deseesed child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. Sec. 9116(a)(1.2)]. The tax rete imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, exce{~t as noted in 72 P.S. Sec. 9116(1.2) [72 P.S. Sec.9116(a)(1). The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. Sec.911 ~(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has et least one parent in common with the decedent, whether by blood or adoption. r • ~~c~k i~l CL1t~ C~TP~tCti~tPlt~ OF LOUISE BOYLE I, LOUISE BOYLE, widow, residing in the Village of Irvington, County of Westchester, Static of New York, being of sound and dispos- ing mind and memory, do hereby make, publish and declare the follow- ing to be as and for my Last Will and Testament, hereby revoking all wills and codicils heretofore at any time made by me. FIRST: I direct my executrix or executor, as the case may be, to pay all my just debts, funeral, administration expenses and esta taxes as an administration expense as soon after my death as may be practicable. SECOND: I give, bequeath and devise all the rest, residue and remainder of my estate of whatsoever kind and wheresoever situate, to my son ROBERT JAMES BOYLE, presently of Carlisle, Pa.., to be his absolutely and forever. THIRD: In the event that my son, ROBERT JAMES BOYLE has pre- deceased me then and in such event, I give, bequeath and devise all the rest, residue and remainder of my estate of whatsoever kind and wheresoever situate to my daughter-in-law, KATHRYN GOODKIND BOYLE, intrust nevertheless, to xeceive and collect the income therefrom and to apply the income to the maintenance, health, welfare and edu- cation of the children of my son, ROBERT JAMES BOYLE, until the youngest of said grandchildren has attained the age of eighteen (18) years and then to divide the principal then remaining into as many parts as there are grandchildren, and I give, bequeath and devise one of said parts to each.gf my said grandchildren. FOURTH: In the event that my son, ROBERT JAMES BOYLE is de- ceased, leaving no children, then and in such event I direct my ex- ecutrix to divide my estate into three (3) equal shares and I give, bequeath and devise one of said equal shares to my daughter-in-law, KATHRYN GOODKIND BOYLE, one of said equal shares to my sister-in-law, ELEANOR BRADLEY, presently of Collingdale, Pa. 19024, and the last L- Q. ,~ , of said equal shares to my sister, EGLANTIN TOK~AN, presently of Istanbul, Turkey. In the event that any of the above named have predeceased me, I direct that her share be divided equally among the survivors above mentioned. FIFTH: I give my execiutors and trustees all the powers set forth in Sec. 11-1.1 of the Estates Powers and Trusts Law of the State of New York, and I further give my trustee full power to in- vade the principal of the trust established in Paragraph "THIRD" above, for the purpose of providing for major medical expenses necessary for the health of any of my grandchildren or for the pay- ment of the expenses of their education. Such power shall be exer- cised by my trustee in her sole discretion and without requiring the approval of any Court or Judge. SIXTH: I hereby nominate, constitute and appoint my son, ROBERT JAMES BOYLE, to be the executor of this my Last Will and Tes- tament, and in the event he has predeceased me or is unable to serve for any reason, then and in such event, I nominate, constitute and lappoint my daughter-in-law, KATHRYN GOODKIND BOYLE, to be the exec- utrix of this my Last Will and Testament. I further direct that any executor, executrix, or trustee herein appointed by me shall not be required to furnish any bond or give any security for the faithful performance of his or her duties in this or any other jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 9 day of loo ve m b e r in the year of Our Lord, one thousand nine hundred and eighty-two. ~j Q~aCcl2G ~ ~ L . S Signed, sealed, published and declared by the said Testatrix as and for her Last Will and Testament in our presence and in the pres- ence of each of us, who in her presence and in the presence of each other at her request, have subscribed our names as witnesses thereof the day and,year last above mentioned. _~ ~~~ ,~~~ residing at~~/~~Y~i~_ °~Y1 t residing at ~/°}_~_(~ ~ o, t~M~„ ~°~"' ~' ~ residing at ~jliyu,~,... ~ . ~~ } SCHEDULE B STOCKS AND BONDS ESTATE OF FILE NUMBER Louise M Boyle 21-08-0258 All roperty jointly-owned with Right of Survivorship must be.disclosed on Schedule F ITEM DESCRIPTION VALUE AT DATE NUMBER _ OF DEATH 1 GE Mutual Funds - Elfun Trust Funds 10,322.859 shares @ $52.76 shaze I $544,634.04 (see letter attached) 2 GE Mutual Funds-S&S Program Mutual Funds $3,282.21 shares @ $47.54 share I $156,051.05 (see letter attached) 3 9,504 shazes common stock General Electric Corporation 2/16/07 mean = 35.98 2/20/07 mean = 35.94 Average price/shaze = 35.96 $341,763.84 4 34 shazes -Half Moon South Coop Apartments 368 South Buckout Street, Irvington, NY 10533 $275,000.00 (see appraisal attached) TOTAL (also on line 2, Recapitulation) ~ 1,j t i,44ts.y.s ~~J May 13, 2008 RONALD JOHNSON 135 W LOUTI~R ST CARLISLE PA 17013-2938 RE: GE Funds Reference Number: 6324570883/696034 Account: 0095/0097-XXX3~X7303 Registration: LOLTISE M BOYLE Deaz Mr. Johnson: This letter is in regard to your recent telephone call. As of the close of business on February 16, 2007, the Elfun Trusts Fund (095) in the above referenced account was valued at $544,634.04. This value is based on a balance of 10,322.859 shazes, at the Net Asset Value (NAV) price of $52.76 per shaze. As of the close of business on February 16, 2007, the S & S Program Mutual Fund (097) in the above referenced account was valued at $156,051.05. This value is based on a balance of 3,282.521 shares, at the Net Asset Value (NAV) price of $47.54 per share. As changing market conditions may cause the NAV price to fluctuate on a daily basis, the account value is subject to change. Please note that February 18, 2007, was not a valid business day!. As a result, we have provided the market value.for the lastbusiness .day prior to that date. If you have any further questions or require additional assistance, please contact one of our Investor Services Associates toll-free at (800) 242-0134. Our associates are available Monday through Friday from 8:30AM to 8:OOPM EST. Sincerely, Lisa Sidibe Investor Services Specialist Schnkta Appraisal Company Inc. Individual Cooperative Interest Appraisal Report Fie bb. sosoa3 The ur ose of this summer a reisd re at is to rovide the IenderlcBenl with an atcurale, and ode uarcl su clad. 'nion d the market value of the wb~ tt r en . Address 368 South Buckhout Street unit t 368 CR Irvin ton state NY Zi cone 10533 Bortower Estate of B le Cement Dinar Estate of Bo le Coum WestchestM Des ' ' N!A Name Hal( Moon South Coo is Ptrcse ~ NJA Reference Ha Me : 6/F20 Census Trea 113.00 Oavter Tenem a Rem Tenant Re tell Rent X Vecara Metraerlarce Fee S 1 032.10 r X r mdrdh R' raised X Co erative Ottbr E 'anon Date d W ietla Lmse No Lease d Assessmem s None noted. T Purdmse Trerlsettien Rdnance Trensattion X Other descr~e Estate Dat of Death 02-18-2007 terdenCliem Ro Mondello LaRtxca 6 Risotto Address 56 Main Street P.O. Box! 108 Irvin on New York 10533 b the sub taeran dfered to sek a has h been dfercd fe sale h the twehe months 'a rc dle eg date d Nis a rdsel7 Yes X No Report darn source(s) used, obeying IxiceW. and date(s). NIA I drd X did rot endyu the cemratt to sde to the subject purthese transactien. Esplain the resells d Ihe',analysis d the ceraracl to sak a why dye endyms was rot performed. wA Canna Prize S wA Date d Convect NIA Is the r seller the arrem n X Yes No Data Sources Mana ement t dlere any irtenaal assistance (loan dtarges, sale concessions, gh a downpeynent asdstance, etc) W be paid Oy arry party en behab d the harowef! Vas X No ( Yes, repotthe total dotler annut end desttihe the items m be pdd. S N/A N/A Mote: Rsee and {he ndel a Irian d the rrd aM ::::::::::::::;;::1ida(tErgfllOMC•:::•::•:;::.:::>:•: Loeetien Urban X Suhuben Rural od ere not a Is•1(actors. •::•::.>:.:.s:~:~:..:::•::•;:.+;~?yep!aUW!:1(euping7'{NIQa<.>:..>::<.>::::~::::;:<:.::::!.........:::?2::;#pr~i(ii:iiaiw!#Aia~S:;::: W rt Vdues klaeasi X stable Ded'mi PRICE AGE One•lJrlit 40 % Still- X Mar 75% 2573% UMer 25% Derrlerldl5u Sh e X h Bderree ' Over i 000 s 2.4 lhit 20 % Growdl Ra 'd X Stele Slow Tme Ueda 3 rtahs 3fi milts X Mar 6 rrths 100 Low 15 Mit~Femi 30 % Neighbomooe Boundaries North-Main Street. East-Route 9. South- ~Ila a of Dobbs Fe .West- the Hudson River. 400 70 275 Prod. 50 Commercial 10 % OUrer % Neighhahood DesafpUon The sub' d is located in Hak Moon South a arden Coo co lax located aloe the Hudson River in Irvin on NY. It is convenient to commuter hi ttwe s Metro NoRh Train service local sho ' in su oR faatkies em to merit centers and schools. There are no adverse tactors afftaclin the sub'ect nei hborhood. Market Conddats prttluding sttppatta the above condisiorts) Market condkions a r to be stn ilizin after several ears of real estate airs. Markd'tn times however are Ica 6-12 months. Loan discounts and seller txxhcessions era not t ical in this market area. N there a demonstrated market acteptence d the cooperative form d otwtership m dle subject ndghborhood7 Yes No tl No, Oesabe. T Gentl Ro1Gn size T ical Densl' Averse YewAvera e do Z CtassYcetion MF Zonin Des ' ' Muki Fami Resid a District Zori ante X Le L iNenconlarrti -Dodlezmn r aliens mitreblild'n to X Ves No No Zori N d eescdbe N the highest and best use d the subjett propMy as improved (a as proposed per plans and specbicedore) the present use? X Yes No If No, desaibe WIMS Puaie Darr dnerlEa Public Other b Olraite T Praiie Prints Ekeviek X water X Street Macadam X Gas X sanity Sewer X AM None FEMA sal Food Harard Area Yes X No fEMA good Zone C FEMA t 60914 00016 FEMA Dete 03-15-1979 Are the utiides end dl-ste' t 'cd for the market areal X Yrs No K No, desaibe Are there arty advuse ske condeiorts a external ratters (easemems, enaondrnwas, ernironmemd condaiors, land uses, etcJ7 Yes X No t Ves, desaibe There were fro external Taal unties noted. ........... •::.::::;;<;:•>:;• :.:>::. ~::::::: 6efMrd.nexrippan .::::::::::::•:: :•;::•::•:::~•::;:Gatrret. ::::.:::::::. :::.:: •:::::::..........on............... ~:::.~:::.~:::R :Dos :;;>it:;si:<~:s:~ .. .......................................... ................. >::::>;:;:i;:;::~:<;£iii~Store...::^>:>:~<s;;<::«::;;; ...............................84..........::..::... t d Urns 95 X Corldkim Go T d Parki Gara e: 57 Lot: 42 t d s 19 used Estella Wels B idt / Gd Guest Yes X No t d Stories 2 Under Clxmruttien Rod surtax: hak-Tar / Gd Total t Parka ces 99 t d Elevates None Year Belk 1954 VtliMow T D uble Hu / Gd Ratio ceshlyds 1.04 / 1 W ' Des ' Gm Ddadled Row a TowMOUSe X Garden Mid-Rhe Hi -Rise l~dla descrbe W ' Wkre X Win ' d Residence Secmd Home or ReadUonel Ternmt Coopeadve Project Menagement Sporlsar/Devebper Cooperelive Board X Management Agent- Wovide rlenle d management canpeny. Hudson North Mana ement Loretta McGrath 914-674-2100 6 the cooperadve prgett pan d a masse assoaadon9 Yes X No tl Yes, desabe Wes the project seated by the cerrversien d en existlng buadingls) Tito a cooperatrve9 Yes X No tl Yes, desxibe the agnal use and die dale d conversion. The Sub-ell • was buik in 1954 as a Coo Com lax. h there any mrttrrwrciel space in the prajett7 Yes No If Yes, desaibe and indicate die overall pateaage d the cortmerdal space. t>escroe the props arrrenkies (axduding searrkyteatures reaeational faaFdes, etc). There is a la round common rounds and a laund rooms. Are the writs end prgett amenities typi W entl complete9 Yes No r No, desxibe Desame the can6don or me project and quaRy d construttion The ro'ed a ears to be in avers a condkion and ad uatel maintained. Ma there fees, other than regda mentMy mdraertance tees a maaHy assessments, such as special assessments, dc. fa use d taafdes9 X Yes No If Yes, desaibe and conerlent en compadbifty to other projects in the market area. No addkional Tees ate noted. Dryr 7 N a aaa aS 06aN6 Schnitta Appraisal Company Inc. Individual Cooperative Interest Appraisal Report FikNo. 806043 b (here any infantdim krroakr to the appraiser ffiout the projea urd codd rtrda Rs marketffiIky di0erem utan outer prapenies in iu market area? Yes No r Yes, describe Goes the prrtjea generdy codam b the ndgtdsahood (style, cortdkion, quality d consuudion, rerrodekrg, apped to market etcJ? X Yes No 11 No, describe tATfties nduded in unit char a Nore X Hed Air Cond'aiai ~ettritil Gas X Water., X Sewer Cable ghar desrnbe k k to have these tkiilies irtdrrded i 5::;:~5:;::;:6ir!!rrFi~'il!dll~4h~::.;>:~:::;<• n the writ else fa r ' in the market area? X Yes ktrMtof:•:>:•;.<:•.~::.EtMtGtfMiJctlt+dl~iih~ ::::::::::::.:.1k!ti!MIIkF: No N ::i~?::>::::::;;• describe ?:~:::r,::;:.. inWt;:;2::<;:;; ;:;<;::R%.::<:>;r~.ar:..:. :'t:~:;i<:t~:::::: s Floor t 1 Boors Hdvud ! C 1 Av fir least X R to Nitre t d Levels 1 Wells Plaster / Av Woodstove s t X dOven Gar e el Cars Nadi T HW Fuel Oil TdneFzrish Wood / Av DeUrlPatk Di Microwave X en 1 t d Cers Cereal AC havidud AC Batlr Wdrecol Ceramic / Av PorchlBdcon Dishwashar X As ~ d Drwtetl - X ours desabe Window UnNs Doors Wood ! Av Other Washy e t s Unknown Rristred Brea above 2de r:bnlains: 6 Rooms 3 BedroaM ~ 1 Baths 1 020 S ere Feet d Gross Livi Area Above Grade Addiiond feaWres (spedal energy diriarttkems, etc). The a raiser was unable to observe ins lation• but due to fts ear round occu an it a rs to be ode eat insulated. pestrbe the condition d the property (ntlrdag rteedetl repdrs, tldedorauat rerrovdions, renztdekng, etc.). Th sub' d f0 rt was in every a marketable wnditan on date of ins ion. The sub' d kitchen and sub'ed bath are standard'in avers a overall condition. The sub'ect bath dro file ceilin was missin on the date of ins ion due to a rior water leak from thei unK above. Are share any physical deGcientdes a adverse ceraiiuorrs Mss dTrrtt the NvedNly, soundness, a sbutwrd inbgrity d the property! Yes No f Yes, desake raiser is not ual~ed as a structural en ineer. However a visual ins action of he house reveals a home in ood marketable condition. No h sisal functional or exlemal inad uacies noted at time of ins 'ion. The fol rA endive r ' idamation, indudi Nra and otor data,ts re ' eel to he tAaremwi ' 3D tla o1 t9k EOecNve Dated afsd aiaL The appraisals date souse(s) for the cooparalive projeariartedm n X Management Agent, Cooperative Board, SpmsaiDavebper, Other (describe) leariry ere dda source(s) by nerre, tkle, comlrany address, end telephone nuroar and repro the elfeetive date d data source(s). Hudson North Marta ement Loretta McGrath 9146742100 Ntatixr d shares issued and rnasrondn for the Co erosive C oration 2 826 Number shares MtdMrbbk to the ea sit 34 Plo rata share d the ro a danker (nand dttlbutebk ro the act unit N!A Pm rata re d each Nan amizeaek to the sub' a sit N/A Mdmarrance Fee a Modh Assessmem link Ch S 1 032.10 X 12 Mattlts • S 12 5 ar Amuel meintarerrce lee a assessnrem dtar divided the are feat d oss livi des to the wb' a uit ' f 12.14 B Me arsaloevd ar in Corttrd d the Co erosive C ordion7 Ves X No 6 the SpmsalDevdoper aReritg airy types d sdes a fnandrtg concessions (such as a meiraenance fee rebate onueait, etc l with the vendar d arks in Ute project? ^Yes ©No HYes, desalbe h the projea st6jea to a grouts rem? Yes X No C Yes, S per year (describe terms end corrdltims) Are airy d the projea br3Nes leased to a by the Cooperdive Corpaetiat7 Yes X No N Yes, desabewHdt bdities and nee airy lees la tltdr use. s the wbject property use retipiem d arty taz ffidemeds a uemptions? Yes X No C Yes, nee the ranavring term, providrns (or esrablion of red esble razes entl the dollar amount - Me arty d the nits in use project subject to a stock vxtsfer fee (wch ss wairar d opuors fees, NP rues, etc.)? X Yes No Y Yes, destxbe Accordin to myna ement there are financin restrictions untts cannot mort a e more then 213 of the urch 'se rice. _ How ma owners d units in the 'ea are two a mere montlts dd'n ark n the m d utdr Nrtarrcial s to the Co dive C aation7 0 Doe airy single erkity (use same ndvidual, investor roup, pertrrerslip, a corpadion, as well es the developer a lporrsor) own mere than 10'96 d the stock or shares in the Coaperotive Corpordion and the rdded ocwpartcy rights? ~ Yes XD No C Ves, desabe . I did X did rot andym the cooperative project htdgM to the urrentymr. Expldn the resuks d the analysis d the budgd (adequary d fees, reserves, etcJ, a why the andysB was ' notpedamed raiser was not rovided with bud et. Unless otherwise stated in th a reisal the a raiser knows of no information about the sub'ect ro'ed that would affect marketabilit . • ..................................................................................................... Etl'r:et/WK£f tJNr!-iKJNa;:~:'::Y:~:£::~':::':~:2:~?:::::::::::is: ~:::i::::i::: i::;<: is?:i::c~;:::::~; lien Priork First S and other lien T , tine of Gedit etc. No Mort a e N/A N!A Bdance S S S BakoonMort Yes No es No Yes No Remdri Term Mon Po S f S Merest Rate FxetlNariffik Rate Fxed Rde Vadade Rde Fixetl Rate ~ Variable Rde Fxed Rde Varbde Rate Lien hddar ~::~::::y . . ~:::..::; : .. ~I~7 ..... .pA' ~_.,~VUICt<:i%i:Yili ~i!xEii`iiiii' i2i?i:iii . ii'i::i:iii:~:i i%%`iciiii; iii>i?ii2`iiiiiii'ic:i~f Unk Ovarar all Oc an R Links % d the R 'ea Owner oc 'eel 95 100.00 a/Deveb r-vacem 0.00 a/Deveb r-Tenarrl Occ 'etl et Rent 0•~ a/Devd r-Tenam led Re bred Reel ~ 0.00 kwesta•vacark 0.00 Frvestor-Tenam Otxu ~ed rkd Berk 0.00 krvesta•Teram Occu 'eel Re elated Rent O.DO Total 95 10D.00 P:qe i Act 6 ••,•, _____...... . _..._ .~ . _._ _:wo~es iaiim ,~ •~ SchnRta Appraisal Company Inc. _ ~._: ~.._. i+_....,..~F:..n l.,rnront ~nnraisal Reeort FikNo. 806043 Ia1Y1Y/YMY• ....-r-•----- -----. 8 robk es amend dread for sale M the nd ahood ran ' in ice a S 277 000 to S 329 000 There sre Thee are 8 table sdes in the sub' tt rte' hbodrood wide"the twelve months ran 'n in sale ' a kom S 265 000 to S 332 500 The arable sales in Me sales c 'd blo w do rtd include the u share d the blan ket s on the red estate. 2 COMPARABLE SALE N0 COMPARABLE SALE N0.3 FEATURE SUBJECT COMPARABLE SALE N0.1 260 South Buckhout Street . South Buckhout Street 246 South Buckhout Street Address and 368 South Buckhotrt Street ~ ~ ~g Half Moo N n South Coo 260 Hatt Moon Co South Inc. 366 Hal(Moo Coo South Inc. Half Moon Coo North Inc. ame act >:» Sub tsct Com lax Sub'ed C m lax Com lax Next Door Proami ~ 5ub 265 000 0 <>;>`»>:<:»3:<::::::>:>» f 3 12500 ~~~s: S Sale Prig > ' '#! `:~•`•E':`<:::::<si` " ' ' >~i;E~:>::>:~>:»':::::::<:» ft 306 37 f Area Li 00 . ft. S 0 •?:z::i:::'i: 259.80 .ft.%:'i S • : S 303.9 .a. . . . ~ %> ' ~ ` W. yak RialGma . N1A 1.11 »:'»><.<:»:~>:>:`•E~E~~f:>:: S 736 s 8 611.11 ><`•>:'i:~>::;~~:::%?<:E:«;:~ E •>:%~E~;::i:: : i< >: S N/A :>: ~: price Shea S :>~~E ? MLS / Mena ement MLS I Ma a ement C ~ Mena emtant wn Souce s ~'` :%::: ::.~ ::.:::~ : Closed Closed thd6cedm Source VALUE ADJUSTMENTS DESCRIPTION••- DESCRIPTION •.SAtl ~" SCRI T10N "t /..w SCRIPTION •t ?~ None None None Sale a ltinaridrtg z~<~ '>`~?>'<~~<~#E`%i?~i<: Known Known Known Corressans ':`f~E`•>%~<`•?~:<::<:z:E 'ii1T 08-20-2007 08-27-2 7 04-10-2008 DaredSeleRme . Good Good Good Good loceion R Sixd i' units 95 Unlt s T ical / Av T ical ! v RNer Vi -5 000 T itcel I Av River Views -5 000 ~„ Good Good 2 -1 000 2 -1 000 2 -1 000 Flom Location MoriVa Meimenetce Fee 1 S 1 032.10 S 1 092.71 S 092.71 S 934.00 on Areas i a Common Areas Common Areas orY Areas es t projeaAnaa Laund Laund Laund mound c Fadaies, etc, Intercom Intercom Intercom' Intercom Rgeasearay Buser Buser Bt¢zer Buser Features Garden Garden Garden Garden ~ e Ou ofConswtxiat Averse Avere a Avere e' Avere e 1954 Acwel a 1954 1954 1954 Good -10 ODO Good -10 000 ~uon Avere a Avere a None Modem IKitchan -10,OD0 Modern Kitchen -1D,000 RantodeFn9 None None Modern ath -5 000 Modem Bath -5 000 dies Baths, etc. None aMk TaN Bak 7odl B Balk Tml Bemc B/tle Above trade Tawl B 1 6 3 1 6 3 1 Roan Coura 00 30 ' ' A 6 3 1 1 OZO . a. 6 3 1 020+- s . ft 0 1 0 0+- s . a. 0 1 020+- . a. 0 . ree tress N/A N/A N/A Basements Flashed 0 - Roortts ~01M tr°dB Avere a Avere e' Avere e w"del (t(it Avers a Cerdrel / No Cent CentreUNo CAC Central o CAC CenireUNo CAC . lie FJlaient ~ Standard Standard Stands Standard . ~ ~ Assi ned Assi ned -1 000 Assi n Deck -1 000 Assi ned Dedt -1 000 pachlPaVdDedc None Dedt N/A 36 36 Shares 34 X - S 2 000 + X - S 32 000 X - S 32 000 ~ ~. i?~< Net Adj. -0.8% Net Adj. -!10.3% Net Adj. -10.2% pie Adjusted Sale >' Gross Ad 0.8% S 263 000 truss Aa' 10.3% S 278 000 truss 10.2% S 280 500 d enables I X dd did rim reseetll~Me •sak.a Vanskr history d the subjen property and comparable sdes. x no4 etpldn research dtl X dd nor reveal a 'a Saks a VerBfers d the sub' d to the three ars dot to the eRetdive date d this rdsd. Data souce s MLS-Real List /Manor ement research dd X did nd reveal a 'a sales m Vam(era d the able sdes (or the e ' r t the date d sde of Me arable sale. Data sources MLS-Real List /Manor ement ~ Re the resuts or the reseerrh a nd and d the 'm sde a Vattsfe h isla dthe sub' U and c rode sales r at addtimal sd es on ettlendtm . ITEM SUBJECT COMPARABLE SALE N0. 1 COMPARABLE SALE N0.2 COMPARABLE SALE N0.3 pate d Pda SakRrens(e No Prior Sale No Prior Sale No Prior Sale No Prior Sele Pace dPda Sale/frenYe Within 3 Years Wdhin 1 Year Within 1 Year Within 1 Year MLS-Real List / Manor a MLS-Real List ! Manor a 'MLS-Real List / Manor a MLS-Real List !Manor e Data sour s Fdeckve Date of Data Sources Cun'ent Current Current Current ' ett has not sold in the Anaysis d prior sale or vansfe tustory d the suhjers properly and comparade sets To the best kn ed a of the a raiser the sub last three ears and the cum ambles have not sold in the ast ear exce t as of erv~ise noted above. of Saks Compadson Approach (and reconciiiabon i other approaches are developed) Prima i ht is iven to the Sales Com arison Ana sis. The Sixrma ry Cost roach is not a livable to this t e of roe .The Income A roach i iven least consideration as unNs do not iptl sell for their income otential. This appraisal is made X 'as is' subject ro completion per plans aM spettfitations on the bass of a I~ypodtelical c011dhian Vent the inproveriems have been completed, requred ea to ttre rolown ^ sub k d g j , a le subjeC to the fdbwing rapers a dteadans on the basis d a hypothetical condition that the repairs a aaerlGms have been wrtQ " " As Is . No irspedions basetl on Me emeordnary assumption Mat the condtion m defiderlry does nor requre immedkre akereUon a repdr. This a reisal i5 made re airs ors vial conditions are made a art of this a sisal. This a reisal is or mort a e u ores on . Bash on • complete viawl inspection o! the Interior and ettterla anas s! the stbJ~ct property, d~nmd scope of work, etatamem of aseteriptiors and limiting and appraiser's uNneation, my (earl oplNon of the market value, n tanned, of the ebopentive irdereat (the eooperatlw stores or other wlWnee o! eondidons , don and the aeeompanylnq meupanry rights) the{ is the subpar of this sport is S 275,DDD an owrrrahip Interest in the cooperative eorpora es el June 4 2008 which is the data of fns action and the elfeeti date of UHs ^ tarsal. .......-,~-..r /ae_a..am rvsawaw Fam\11w Fem a190 /elrn11105 Yi9C J e \ Schnitta Appraisal Co., Ina .• SchnNta Appraisal Company Inc. a:..:a..,t r.,.,t,nratiue interest Aooraisal Report FikNo. 806043 IaaY1Y...... .... ...... r.-•-----'----- The arotk sales in the sales risen 'd Odo w do na inolutle the o-rata share of the dm Ycet s on the real estate. COMPARABLE SALE N0.5 COMPARABLE SALE N0.6 FEATURE SUBJECT COMPARABLE SALE N0.1 Address and 368 Soulh Buckhout Street 177 South Buckhout Street um r 368 177 Name Haff Moon South Coo Half Moon Coo North Inc. : ' ~ >:>:<>~ ?«%;»:>:<'>;z<;»': Coen lax Next Door tc Sub A' N/A f 00 ><:>:<`>:<'>:>`::? f 310 :;:;:: s `•>:»t:> <>><><'<.. . ii f Sale FYiu Sek Hirrx'•ross Liu. Area f 0.00 . h. 303.92 .ft.%i»z<~s:>`;;:?;:i3>? f ................... . f .ft.::>~`•><:>«:»:;:» ' ` . Priee Share f N/A <`.` f N/A <:::<?::#'i;:1: i : • f s : " '" :t:E f MLS !Mana emeM Data Sources . ~ ' ~ Ved6ceuon Sara .: .;:; :~:. .. 'i' :'_:'; :: :• • :: N Closed ESCRIPTION ~s .w I. t DESCRIP ESCRIPTION ~ spa VALUE ApJLtSTMENTS DESCRIPTIO SaleaFinandng ?:f None Concession `~> ~ Known Date d Ssle/rme ? <`<:<: 3<J1A~'•>''%? OS-1 x2007 ~~ Good Good Pr Siul r units 95 Units T ical / Av y~ Good River~ews .5 000 Floor Location Mairdertance Fee 1 f 1 032.10 1 S 896.00 f f Projea Amenties Common Areas Common Areas c. Fadilies, ac. Laund Laund Project Seatrty Intercom Intercom Features Buuzer Buzzer De n 51 a Garden Garden puatt of Construchiort Avera a Avere e Aatal 1954 1954 Corbtim Avers a Good -10 000 Remoodttg None Modem Kitchen -10,000 gtdten. Baths, etc. None None TaW B Baea Tele1 B Bah Attove Grade Torl B e.M. Tml Bm.r Brta Room coup 00 e30 • ~ Ar 6 3 1 1 020 s .It. 6 3 1 1 020+- s . ft. 0 . ft, s . ft. . e Oros Basement 6 Fnished 0 NIA Rooms Bdor Grade • Furtctiorrol Utit Avers a Avers e Fkad ~~ Central / No Cent CentralMo CAC . Ene Elridem tams Standard Standard Gar ort Assi ned Assi ned - poduPeddDetlc None None . Shares 34 NIA - X- f 25 000 X. f 0 X. - S 0 Net 'usunent 0 096 Net Adj ~ :%~ . . ` Net Adj. -8.196 Net Adj. 0.076 P Adjusted Sale ~:': • • 0 :: cross 8.196 s 285 000 cross Ad'. 0.076 s 0 tross Ad 0.096 s of erodes • S IECT COMPARABLE SALE N0.1 COMPARABLE SALE N0.5 COMPARABLE SALE N0.6 UB RpA pate of Pda Sakrtronsro No Prior S . ale No Prior Sale Price a(Ptia Sak/Tronsrer Within 3 Years Wthin 1 Year pate Sotrce(s MLS-Real List / Mana a MLS-Real Lisl I Mana e E1Fecfive Date of Date Source s Current Current ent a ant Sales 1 & 2 were the most recent similar three bedroom sales Summery of Sales Corttparison Approach Accordin to the mane em The sales used are all located in th sub'ect's immediate market lace and are deemed to Com lax i . s within Half Moon South Coo Sales 3 3 4 are out de sales located at the Haff Moon North Coo is i on. have been the best sales available at the time of ins r ad'ustments were made as warranted. As ad'usted th r resent a reasonable value ran a for the estimate Mi no Coen lax next door. The sub' d and all sales util¢e the hi h r arded Irvin on Central S hoot District. We recondle towards the lower end of lue f . va o value due to the current avara a dated condftion of the sub act unit. o.....r~..e ~.eerr..ImnU7D w~xauwigmw FrmrMar vm 2aW~YYfN~MDS SchnittaAppraisal Company Inc. Individual Cooperative Interest Appraisal Report File No. 806043 This report form is designed to report an appraisal of the cooperative interest (the cooperative shares or other evidence of an ownership interest in the cooperative corporation and the accompanying occupancy rights) in a cooperative project or the cooperative interest in a planned unk development (PUD). This form is nct designed to report an appraisal of a manufactured home or a unk in a condominium project, This appraisal report is subject to the following scope of work, intended use, intended user, definkion of market value, statement of assumptions and limiting condkions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definkion of market value, or assumptions and limking condkions are not permitted. The appraiser may expand the scope of work to indude any addkional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not pernkted. However, addkional certifications that do not constitute material ateretions 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 complexly of this appraisal assignment and the reporting requirements of this appraisal report form, inducting the following definkion of market value, statement of assumptions and limking condkions, and cert~cations. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject unk, (2) inspect and analyze the condominium project, (3) inspect the neighborhood, (4) inspect each of the comparable sales from at least the street, (5) research, verify, and analyze data from reliable public and/or private sources, and (6) report his or her analysis, opinions, and condusions in this appaisal report. INTENDED USE: The intended use of this appraisal report is for the lenderldient to evaluate the 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. DEFlNITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all condkions requisite to a fak sale, the buyer and seller, each ailing prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implidt in this definkion is the consummation of a sale as of a specked date and the passing of tkle from seller to buyer under condtions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each ailing in what he or she cronsiders 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. dogars or in terms of finandal arrangements comparable thereto; and (5) the price represents the normal rronsideration for the property sold unaffected by special or creative financing or sales concessions` granted by anyone associated with the sale. `Adjustments to the comparebles must be made for spedal or creative finandng or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradkion or law in a market area; these costs are readily ident~able 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 finandng terns offered by a third party instkutional 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: Tha appraiser's certification in this report is subject to the following assumptions and limking condkions: 1. The appreiser will not be responsible for matters of a legal nature that affect ekher the property being appraised or the lkle to k, except for information that he or she became avian 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 appretsal report to show the approximate dimensions of the improvements. The sketch is inducted only to assist the reader in visualizing the property and understanding the appraiser's determination of ks size. 3. The appreis~ 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 project ske Is located in an identified Special Fbod 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 condkions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.j observed during the inspection of the subject property or that he or she became aware of during the research involved in pertorming this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical defidencies or adverse conditions of the property (such as, but net limked to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental condkions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible Tor any such condkions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered es an environmental assessment of the property, 6. The appraiser has based his or her appraisal report and valuation condusion 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 performed in a professional manner. SchnNta Appraisal Company Inc. ~ndtvidua~ cooperative interest Appraisal Keport F~ ~. aoso43 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in arx:ordance with the scope of work requirem~ts 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, spedfic terms. I identified and reported the physical deficiencies that could ailed 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 cooperative interest (the cocparetive shares or cther evidence of an ownership interest in the cooperative corporation and the accompanying occupancy rights) that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data (nduding physical and cooperative interest characteristics) 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 have no knowledge or reason to believe that any material changes have oxurred in the cooperative project information reported, includ'mg financing and oxupancy data, that would affect market value or marketabiliy of the subject property. 6. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any otfedng for sale of the subject property in the twelve months prior to the effective date of this appaisal, 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. 7. 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. 8. 1 selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 9. 1 have reported adjustments to the comparable sales that reflect the market's reaction to the differencx~s 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 finandal 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 sourrx3s for the area in which the property is located. 13. 1 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 cored. 14. I have taken into consideration the factors that have an impact on value with rasped to the subject neighborhood, subject property, and the proximity of the subject property to adverse infiuencx~s 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 repairs, 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 appreisal. 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 the 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 limning 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 have no present or prospective personal interest or bias with rasped to the participants in the irensadion. 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 of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any cther 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 occurence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the cooperative interest (the cooperative shares or other evidence of an ownership interest in the cooperative corporation and the axompanying occupancy rights) that were set forth in this appraisal report. If I relied on sign cant 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 spedfic tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have nd 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 n. 20. I identified the lendedclient in this appraisal report who is the individual, organzation, or agent for the organization that ordered and will receive this appraisal report. Schnitta Appraisal Company Inc. Individual Cooperative Interest Appraisal Report Fik No. 806043 21. The lenderfclient 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 collodion or reporting services; professional appraisal organ¢ations; any department, agency, or instrumentality of the lhrtted States; and any state, the Distrid of Columbia, or other jurisdidions; 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 party (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 lenderlclient may be subjed to certain laws and regulations. Further, I am also subjed to the provisions of the Uniform Standards of Professional Appraisal Predice that pertain to disclosure or distribution by me. 23. The borrower, another lender et the request otthe borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market particlpants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was trensmttted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal andlor 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 effediva, enforoeable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or nepiigent misrepresentation(s) contained in this appraisal report may result in civil liability andlor criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Tdle 18, Untted States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFlCATION: The Supervisory Appraiser certifies and agrees that: 1. I direclly supervised the appraiser for this appraisal assignment, have read the appraisal report, and 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 anaysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is etther asub-contractor or an employee of the supervisory appreiser (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 Prectice 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. 5. If this appraisal report was transmitted as an "electronic record" containing my "eleclronic signature," as those terms are defined in applicable federel andlor 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 es eftedive, enforceable and valid as if a paper version of this appraisal report ware delivered wntaining my original hand written signature. APPRAISER Signature ~r~ .11,//yf! f'~j' Name Tony Gioka7` Company Name Schnitta Appraisal Co. Inc. Company Address 188 E. Post Rd Suite 203 White Plains, N.Y. 10601 Telephone Number 914-682-9419 Email Address p.schnitta~verizon.net Date of Signature end Report 06/09/2008 Effective Date of Appraisal June 4. 20D8 State Certification # 48000036559 or state License # or Other (describe) Assistant State # 48000D36559 State NY Expiration Date of Certification or License 01-01-10 SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature ~~y) ~ '~ Name Pau S. S7 chnitts Company Name Schnttta Appraisal Co. Inc. Company Address 186 E. Post Rd Suite 203 White Plains. N.Y. 10601 Telephone Number 914682-9419 Email Address p.schndtal5Dverizon.net Date of Signature 06/09/2008 Slate Cert~cation # 450001)05599 or State License # State NY Expiretion Date of Certification or License 11-18-09 ADDRESS OF PROPERTY APPRAISED 36'8 South Budchout Street Unit # 368 Irvington, NY 10533 APPRAISED VALUE OF SUBJECT PROPERTY $ 275.000 LENDER/CLIENT Name Company Name Roy. MondeNo. LaRoxa b Risotto Company Address 56 Main Street, P.O. Boz 108 Irvington, New York 10533 Email Address SUBJECT PROPERTY BDid not inspect subject property Did inspect exlerior of subject property from street Date of inspection Q Did inspect interior and exterior of subject property Date of inspeclion COMPARABLE SALES BDid not inspect exterior of comparable sales from street Did inspect exterior of comparable sales from street Date of Inspection Schnitta Appraisal Co., Inc. SCHEDULE E CASH, BANK DEPOSITS AND MISCELLANIOUS PERSONAL PROPERTY r;~ 1 A 11/ ur FILE NUMBER Louise M. Boyle 21-08-0258 Include the proceeds of litigation and the date the proceeds were received by the estate i v i.~L iatso on une s, recapitulation) $10,572.00 SCHEDULE F JOINTLY-OWNED PROPERTY ES"i'ATE OF FILE NUMBER Louise M. Boyle 21-08-0258 if an asset was made joint within one year of the decedent's death, it must be reported on Schedule G Surviving Joint Tenant (s): NAME ADDRESS RELATIONSHIP TO DECEDENT A. Robert James Boyle 135 West Louther Street Carlisle PA 17013 B. Kathryn Boyle , , 135 West Louther Street, Carlisle, PA 17013 son daughter-in-law Jointl -owned ro e ITEM NUMBER ~~~ FOR DATE MADE JOIN T DESCRIPTION OF PROPERTY INCLUDE NAME OF TOTAL VALUE OF DECD'S % INT . DOLLAR VALUE OF DECEDEM'S JOINT 7ENANT INSTITUTION AND BANK ACCOUNT NUMBER OR ASSET BJTERES7 SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR)OINTLY-HELD REAL ESTATE 1 A 1969 & United States Series E before Savings Bonds (see attached) $37,187.67 50% $18,593.84 2 A 1973 654 shares common stock Exelon Corporation 2/16/07 mean = 62.75 2/20/07 mean = 63.59 average price/share = 63.17 $41,313.18 50% $20,656.59 3 A 2003 104 shares common stock Pepco Holdings, Inc. 2/16/07 mean = 2/20/07 mean = average price/share = 26.85 $2,792.40 50% $1,396.20 4 A 1973 121 shares common stock Public Service Enterprise Group 2/16/07 mean = 73.23 2/20/07 mean = 74.16 average price/share = 73.70 $8,917.70 50% $4,458.85 5 A 1974 29 shares common stock Entergy Corp 2/16/07 mean = 99.27 2/20/07 mean = 99.255 average price/share = 99.26 $2,878.54 50% $1,439.27 SUBTOTAL $46,544.75 .~ ,~ SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 The followin were held in a 'oint account o ened on Febru 4, 1976 and held in a Merrill L ch account. ITEM HUMBER LETTER FOR DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF TOTAL VALUE OF DECD'S % INT . DOLLAR VALUE OF DECEDENT'S JOINT TENANT INSTITUTION AND BANK ACCOUNT NUMBER OR ASSET INTEREST 6 A 1976 22 shazes common stock Alcatel -Lucent 2/16/07 mean = 13.105 2/20/07 mean = 13.055 average price/share = 13.08 $287.76 50% $143.88 7 A 1976 9 shares common stock Avaya Inc. 2/16/07 mean = 12.965 2/20/07 mean = 12.95 average price/share = 12.96 $116.64 50% $58.32 8 A 1976 533 shazes common stock AT&T, Inc. 2/16/07 mean = 37.18 2/20/07 mean = 3?.55 average price/share = 37.37 $19,918.21 50% $9,959.11 9 A 1976 81 shares common stock Comcast Corp 2/16/07 mean = 27.54 2/20/07 mean = 27.54 average price/share = 27.54 $2,230.74 50% $1,115.37 10 A 1976 24 shazes common stock Ideazc, Inc. 2/16/07 mean = 34.89 2/20/07 mean = 35.185 average price/share = 35.04 $840.96 50% $420.48 11 A 1976 80 shazes common stock IBM, Corp 2/16/07 mean = 98.94 2/20/07 mean = 99.005 average price/share = 98.97 $7,917.60 50% $3,958.80 SUBTOTAL $15,655.96 SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 The followin were held in a 'oint account o ened on Febru 4, 1976 and held in a Merrill L ch account. ITEM NUMBER LETTER FOR DATE MADE JOIN T DESCRIPTION OF PROPERTY INCLUDE NAME OF TOTAL VALUE OF DECD'S % INT . DOLLAR VALUE OF DECEDENTS JOINT TENANT INSTITUTION AND BANK ACCOUNT NUMBER OR ASSET INTEREST 12 A 1976 200 shares common stock Johnson & Johnson 2/16/07 mean = 65.49 2/20/07 mean = 65.545 average price/share = 65.52 $13,104.00 50% $6,532.00 13 A 1976 6 shares common stock LSI Corp 2/16/07 mean = 9.375 2/20/07 mean = 9.32 average price/share = 9.35 $56.10 50% $28.05 14 A 1976 10 shares common stock NCR Corp 2/16/07 mean = 22.39 2/20/07 mean = 22.545 average price/share = 22.47 $224.70 50% $112.35 15 A 1976 20 shares common stock Public Services Enterprise 2/16/07 mean = 73.23 2/20/07 mean = 74.16 average price/share = 73.70 $1,474.00 50% $737.00 16 A 1976 753 shares common stock Qwest Communication 2/16/07 mean = 8.395 2/20/07 mean = 8.385 average price/share = 8.39 $6,317.67 50% $3,158.84 17 A 1976 492 shares common stock Verizon Communications 2/16/07 mean = 38.19 2/20/07 mean = 38.145 average price/share = 38.17 $18,779.64 50% $9,389.82 SUBTOTAL $19,958.06 SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 The followin were held in a 'oint account o ened on Febru 4, 1976 and held in a Merrill L ch account. ITEM NUMBER LETTER FOR DATE MADE JOIN T DESCRIPTION OF PROPERTY INCLUDE NAME OF TOTAL VALUE OF DECD'S % INT . DOLLAR VALUE OF DECEDENTS JOINT TENANT INSTITUTION AND BANK ACCOUNT NUMBER OR ASSET INTEREST 18 A 1976 78 shares common stock Voadphone Group PLC 2/16/07 mean = 29.12 2/20/07 mean = 29.475 average price/share = 29.30 $2,285.40 50% $1,142.70 19 A 1976 376 shares common stock Wyeth Corp 2/16/07 mean = 50.535 2/20/07 mean = 50.62 average price/share = 50.58 $19,018.08 50% $9,509.04 20 A 1976 1288 shares common stock US Government Sec 2/16/07 mean = 6.42 2/20/07 mean = 6.43 average price/share = 6.43 $8,281.84 50% $4,140.92 21 A 1976 Merrill Lynch Cash Account balance $12,642.50 50% $6,321.25 22 A 23 B 15/27/1971 10/12/1993 I 24 ~ B ~ 10/12/1993 ~ Savings Account No. 11214- Sunnside Federal Savings & Loan Assoc. (see letter attached to Schedule G) Savings Account No. 135947-00 -Members 1st FCU ;see letter attached) ~hecking Account No (35947-1 Members 1st FCU ;see letter attached) $5,624.71 50% $1,031.74 50% $6,054.93 ~ 50% $2,812.36 $515.87 $3,027.47 25 B 8/24/2004 Money Management Account No. 13594-OS Members 1st FCU (see letter attached) $39,4.15.91 50% $19,707.96 SUBTOTAL $47,177.57 TOTAL (also on line 6, Recapitulation) $129,336.34 Calculated Value of Your Paper Savings Bond(s) Page 1 of 1 .~ ,- Calculated Value of Your Paper Savings Bond(s) Calculator Results for Redemption Date 02/2007 Total Price Totai Value Totai Interest YTD Interest $131.25 $1,160.88 $1,029 63 $0 00 Bonds: 1-7 of 7 Serial Issue Next Final # Series Denom Date Accrual Maturity Issue Price Interest Interest R Value Note ate NA ~ E ........ _ ~....... f _ $25 12/1956 f . _ _ _ } 12/1996 ~ __ $18 75 $180.81 ~ ~ 199.56: MA NA? E .............t....__._....r $25.02/1955„,__.,_ ~ 02/1995} ..__ .... _. ~~ $18 75 $158 78 G ~ $177.53, _ MA NA i E i _ .. ~25~11/1954r . _ ; 11/1994, __$18 75 .___ , , __ _„_ _. _. _„ ._ _ _, $158 42 ~ , X177 17~ ~ MA~~. NAi E ~ .............t_._.......~...r _ _ ~25_~06/1954~___ ___ ,^ y~06/1^994_~_ .~ .... . ,. __$18 75~ .. ~ __ ____ $154.37 $173 12 MA NA: E .............r.._..__.......?. 25w02/1954i ,w__ 102/1994r___~18.75~ ......_ ~.. _ _ . ..r .....,.......~.......L.. ..._~....._---.._~... _ _,_$_150.11 i _ . . /x.168.86: T _ MA NA : E $25 w07/1948 r, _ . _ ___w 07/1988 i . ,18.75.1 __ t. ._............_.... _ _.r.- , _ , _ 114.48 ~ .. .. 133.23 r MA~~ NA i E .,_ _ _. ~ ~~~ .. . . ..........~ ....~.. 25 04 / _.:. ~..~..~:. /1948_'..__.,. ~...~:.04.~1988r ~ 18 75_~ ~.._~., ___ $112 66 ~ -- r X131.41: _ _..._. MA Totals for 7 Bonds: $ 31 26' $1,029 63 `$ 1,160 88` Notes NI :Not issued ........................ NE :Not eligible.for payment _ ___ _ _ P5 ;Includes 3 month interest penalty „_,.._ ....----.~...~_.r..-----....~..~.~.__.~_...~~._.,.~__....._. ~__.... MA :Matured and not earnin interest http://www.treasurYdirect.govBC/SBCPrice 3/12/2008 Calculated Value of Your Paper Savings Bond(s) .~ Calculated Value of Your Paper Savings Bond(s) Calculator Results for Redemption Date ©2/2007 Page 1 of 1 Total Price Total Value Tot81 Interest YTD Interest $150.00 $1,366.95 $1,216 95 $0 00 Bonds: 1-8 of 8 Serial # S Issue eries Denom Date Next Final Accrual Maturity Issue Price Interest Interest Value R Note ,__ NA= . . E._ _ $25 .12/1947; - ;...12/1987.;.. . $18 75 $.112 66 ate $ 13 1.41; MA NAi .................. E .......... - $25~02/1948,~ .:.... - :02/1988,.- .~... -$18__75 , ...$112 66 _..... . . $131.41; . MA NAi .._-_.- ----_r ... E . ........ ~ $25 08/1954 .¢.... r08~1994_~, _ $18 75 $154 37 .._.v...._...._....-__... $173 12 -- -- MA --_...r......r ... .......... .¢..... $25~06/1955r -...... .....~.06/1995r. ...$18 75M $163 30 $182.05 . MA NA ..... ».....*... E ..........._ : ___ X25-X08/1955-: .r. ,.... ..t, . d ---_ - _. ! 081995-~ $18 75' -_-,-$163 30p ....... .....r.. _ ..._............._.A..... . . r.._....... _ ~ 182 05* MA NA i .__.........-_t.._. NA E °...._..-.- E ? $25 w_11%1955 ~ -.~..... ____.__ : i 1/1995 r ,.......... ~... _- $_18.75,__ - .$167.54 ~ -_ - __-_ ._ _ -- , _- X186.29 i - - __ _MA_ s ....,....,.._.. ~.... . _.. $25w02/1956 , t. . ..._. 02/1996_ - y.., r $18 75 _„$168.04 ~ ~ $186.79: MA NA s E _ _$25 05/1956 ;.05/1996; $18 75 $_175 08 .,. ,. ,.. .. -~..... $193 83 MA Totals for 8 Bonds 150.00 ; 1 216.95: _ 1 366.95 Notes NI ~ Not Issued NE rNot eligible,for payment __ P5 Includes,3_ month interest penalty MA 'Matured and not earnin interest http://www.treasurydirect.govBC/SBCPrice 3/12/2008 Calculated Value of Your Paper Savings Bond(s) .• Calculated Value of Your Paper Savings Bond(s) Calculator Results for Redemption Date 02/2007 I Total Price Total Value Tota! Interest YTD Interest $1,237.50 $11,219 66 $9,982 16 $0.00 Bonds: 1-33 of 33 Page 1 of 1 Serial Series Denom Issue Next Final # Issue Interest Interest Date Accrual Maturity Price Rate Value Not NA i E _...._ ........... 50 ;,07/1956 ..,.... $ ~ :07/1996. $37..50 $351 . 08 $388.58 MA -- NAi E s ~50.~06/1956 ; 06/1996r $37-50r , . $351--08 ~ .- 388.58 ....-.. ~ ... MA .............x..._-_.... 50 05 ___.;.--._. ..--------X1956;--..__.... _ -._..;..05/1996 ..__ - ~ -._. 37._50 . ~ .. . _ 350 161 $ .._-_- ............. ~387.66 t MA NA 1 E X50 05/1956x_--•_•., 5 --„--_~ 051996 r -X37.50 = ., ,_ _ r ________________ ~..__.__.- _ $350 16; . . . ............ .__ ...NA...... E _ a.... $5004/19 .. 6 ..-...._ - - :04/1996 _..._ .... ,, ....~37 50~.. -.__.~.350.16 ~387.66 : MA 9 NA 1 E .....................~~ NA: E ? _„~50w03f 1956 - -- 02/1 56 $50 ; 03/19961 _- 9 X37 50 _ 7 .... - $339.68x.,,.. ............... ......... _._.w.._ . $377.18 _.... ~ . MA ~~~~~ x -'-_.... ----------.-..~..w. , . 9 r . 96 ,..02/1 . . 3 50 ..-$ ...... - $336 08 $373 58 MA NA ~ E _...x. ... $50...01/1956' 01/1 996} ._ , .. ...$37.50; _ $336 08, .-_ .. $3 73 58 x........- MA NA 1 E _ ....... ......._.. ..,.........$50;,12/1955 .... 12/1995;. .. ,. . ... .......$37.50 . $336 08 . . $373 58 ,.. MA NA; E i $50 11/1955--------- --- -9.11/1995k- - __ .... ---$37.50 - ...._ y,_$335 08 . ;._ 9. 372 58 MA NA: E •------......r...._.._ NA i $50.,10/1955-------- 9 ------~-10/1995-_--- X37 50* - - _$335.08:_ _---- --_. ---- -y- , ti 572.68: MA E -•------..,....._...__.. __ _ $500 /1955 : - . , . .. ~ ........... ~ 09/1995.: ......;._... _ $37.50¢ .. ~ ._. $330 14 -------~~--------~ --- - - - - r _-_ ... ~367.64~ MA _ NA E $50 08/1955 ~ .-- _^-___ - -x,08/1995 37.50.; .- a ......_.._.._..._...._.._. „_ 326.60: ! 364.10 ; _- MA •---•--....,----• ...... ............ $50 ; 07/1955.;._...._..... ~ ...._ 07/1995 ...$37 5~.a... .__.~326 60 ~ ~364.1OT : MA NA: E ._._....-•---t._ ........ $50w06/1955:-- ...:.... ... 06%1995 ___ $~7-501 .._._ 326.60 . $ ...-----....__. ....._.v 364 lO ; .. _. MA NA 1 E ..~- -----t..------- --- N E $50.05/1955 ..~__.._ x .... ..._.fi.QS/1995 . - t __.. ~ ._ $37 _5~ x... r . r ....... _ ...._..._ _...$325.64 ; _ $363.14 < - _- ~~---- MA _ .. A 3 - __ _ $50.04/1955 04/19951 $37 50 $325 64 } _. >_..__.. $363.14 _ _ MA NA E .__.._.._ ~_-.._._.. $50h03/1955 f 6~~1955 ~ 03/1995 .. . .... 02199 r .37.50 . ~ $.. 7 50 .- _..$321.02 ~ ...... ............... ~._..,$358.52r - _ ....... .. .MA ____..~~,,..._.~_. .._....---....,,. ........... _.___ ~. r ___._._ 50: ..~_...---.~._.._.,10/1956 . 5.i__._... 0/1996 ~ 1 . i._ ....3 ~37 509 _...31756 359 46 $355.06~ ._. 39 .MA_ . NA 1 E .............r......_... ....,_-.. X50 12/1948x• - ,. ._... .. . ,.._.._. 12(1988-i _- -_ __. .. 37.50 $ . .. _.. 9,...--- 88r ...~235 6 96~ .. X -~~ "~' ~273.389 w --MA MA NA 1 E .............~......__... ~50_09/1956_TM -_- -_ - _r._....._ _09/1996 i _ _ „ - 37~50 ,- ~ ~ _. - ,- 354:88 ~ ..... .. ....__.. 392.381 w ~ MA ----..,NA......E_.-- NAB E __~_.......$50w08/1956 _..._. 50 ; 08/1956 i ~ 08/1996.9.-....-_ 08 1 96 .-$37._50...... 7 -~351.08r „_.,- _- --. ... _ ..r .-...-.. -. $388.58 MA_ _ •-_ -_ -,_.- - , .._. _- _ .. -- $50 12/1967 / 9 ; - ... . x ._... 12/19 3 ,501 -_$... ...-_x..._ 3 351.08- _._~.. _.... _-388 58. MA _.. ._._ ,. . .NA;.... E- y , ..... __ ; .. $50.11/1967 _ . 97E ;. 11/1997 $ 7..50.¢ ... $37 50 . $225.06, $ 221 90 __ __._ $262.569 MA _......... .__ .. NA;, E __ $50.09/1967 - -- t .._ , .......... 0.09/1997, _.. . .. ..... - $37 50 - . . , _ _._ $219 40 ....._ ;.... _ $259.40 s $256 90 MA ---- MA ------NAx ....E _ x._.._.$50. 08/1967 -_..-_._ ; 08/1997 .......... r . _ ... 37 50r $ - $219 40 ;. -- . f ~256.90 ~ w MA NA: E ........................... NA. .r._._._..$50`05/1967w .. 4 05/1997--_,- . .$37 50~ . , . ,. ..... ...$216,62 _ _ .... ..-.._.. 254 12 ~ f ' . _- MA E .........---r ............. X50:0 %1967: .. .r.__...._ .. ~,_..._........ 04/1997: ..._,......_.. $37.50x . ~......._.. ........ $214 22' ...........•,.--.. __ ._ 72. -- 251 ~ ~ '._...._ M A NA: E ------------r------------- -~._._.....~50_a03/1967s_.. - - - . ,. ._..._..... ° 03/1997;.. _... ._..;__..._ ~ ~ ~ - . .$37.509- . .. r...._._ $214.22; _ ...........:......... _.._.._..r._. _._.,._. $251.72 € _....... MA NA. E ..-.,. .._... $50:02/1967_ ._._. : 02/1997: ._ . , . . 3~ 50 --_ .~ . . _ ,..__... 214 22 $ .-._.._.._.,....__.._ - 251 72' ~ MA . NA E $50 01/1967 _ ._01/1997.; -- . r $37 50 ~ ... - ..$214 22 . .. _..__ ------------------. $251.72; _-.._... MA Totals for 33 Bonds = $1,237 50' $9,982 16 ~ $11,219.66: Notes NI Not Issued .... . . ............ ... NE ~ Not eligible- for pa-yment-, P5 ;Includes 3 month interest enalt _ MA :Matured and not earnin interest http://www.treasurydirect.gov/BC/SBCPrice 3/12/2008 Calculated Value of Your Paper Savings Bond(s) Page 1 of 2 ,, Calculated Value of Your Paper Savings Bond(s) Calculator Results for Redemption Date 02/2007 Total Price Total Value Total Interest YTD Interest 1 800.00 14 223.26 12 423.26 0.00 Bonds: 1-48 of 48 ser~ai issue Next Final # Series Denom Date Accrual Maturity Issue Price Interest Interest Rate Value Note NA< E ...... _ $50A04/1948,_ - :'04/1988 ,. $37 50 } ' $225..32 : $262.82 , MA NA ~ E ~ .............................:... .. $50}03/1954 ____ -~ _03/1994 ~ _, $37--50 . __. _ $303.52 .._.. $341 02 . MA NAi E ~ -------------r.._.-._.... _.~__. 50. 04/1954 . $ ~ 04/1994: ~ 37.50 ~ $...-..... ~ 307 $ .88,-~ ........_ $345 38 - --•-~ : MA - -NA' E $50~05/1954r-_--_- -.._. ~ ........... ....... •-Y---- 05/1994__ __ -----$37.50-„_--- . 88 ~ ...y_$307 .. _ .. $345.38 .- . - - ~ MA NAi E $50w06/1954~__ _ _____ ______06/1.994x-_-_-- - $37 50-r--- . -_ _ -___~308.74r--_ __ - _- ~ ~346.24 : MA NAi E -------------r-..---- $50r07/1954~, _-_-- i 07/1994: _ _ _ - 37.50 . $ --y.-- _ $308.74. - --y $346 24 --~~- ` MA ---_ NA --E - - - --_--$50;08/1954 .- *_08~1994g -_ , ___ r -.-$37 50 _ -- -._ ..-__.._._ _.__-_. $308,74 .._-. X346 24 _. .. MA NA. E ,..... _ $50 ~ 09/1954,....._... :09/1994 _. $37.50 ......... .~_,- ..... $312.12 ---... 349.62 $ __ _ MA NA E i _ .. $50:10/19,54 ~- ........ ;...10/1994 .... .... $37.50 ._._ ., ............__...;. .... $316.82 .......... ..... . . 354 32 $ .. .......... MA --__...N•4f . E ~___ $50 12/1954 ~ ..... ...... .. ....~ .12/1994 s..-- -. $ 37._50. ..___ .. . .........._.,.. __.. .56" _.._ _......-.-._ -f ....... . 355 06 ~ .............. MA _NA E $50411/1954_t _ 11/1994; $ 37.50; .. 316 .84 .._..- 354 34, _. .- MA NAi E ~ $50¢01/1955_--.._ ; 01/1995-¢..-._- -_.$37.50*.____ .-_..$317.56 ............... i X355.06' MA NA: E ' $5006/1948*_ -_ _-__ ~ 06/1988: _--_ -_ 37.50-:---__ -, .... w.--_..- -- 228.96-__- 266 46 ~ MA NA; E ~ $50,i 08/1948_ -__- ~ 08/1988:--_-_- _ 37.50: -_-_ _ - - -_-_ -- Z28.96µ_______ _ - 266.46 MA NA~ E -~ -_ -------------„.._--.. ,. _ $50-.:..12/1948_..-_ i 12/1988 ..- _ 37..50;..... ..$... _ _________ __ , . _. $235-,88 ~ ~273.38~ - _ --- MA NA E .............~.-.-.._- ..~-.._ ~ . $SQ 11/1956......_._ -11/1996x.------ --.$.37.50.x...._ - . - ..-_$359-.44.._._-........-__- ~ . 94 ~396 ....-.- -- MA NAi E ... , - $50...;..12%1956: A 12/1996 $37..50,_... . --- _...$361.62 . _... . $399 12; ... ... MA NA E $50*02/1971 ,-,-___- _ --y 02/2001 ~ - $37--50 Y - $215 70. _ $253.20 r MA NA i E $50 02/1954 r _--_--_ 02/1994 y , - $37--50 ~ - __ - $300 22 „__ _- , . _ 337 72'. -- MA NAi E $50~01/1954~___ -__ ~ 01/1994}--___- - - _,-a $37:50-~--___, $300.22M,__ ~ _--- 337 72~ _- MA NAi E __..-._...._-r......._.-.....r.... $50F11/1970 ............... -. ....11/2000~...._v. _.$37:50~,...... - ._.X241.88!--__....-_...--_.-. _ -_ ~279.38~ - - ....- MA -----.NA-_.-.E._...-~..__ .. $5Oµ09/1970 ............... ...~.09~2000r-_.-__. ._$37..SD.p.....- ..-- ..._241.88;....-_ ~ .. ...._ ~279.38~ -- MA NA. E -._.r .. + . $50~07~1970 --____ - :07(2000.; - .__. a $37.50.4.,,,- _$241 22~ .. $278 72~ .. MA -.NAr E ~ $50:06/1970 .:......... .. .. 06/2000x...--- ..$3..50' -- ._._,.._ ...._-...-, _._.$238 50 ; - 276 00~ MA NAi E _ - , - $50:05/1970. _ _ ._05/2000 __.... ...,$37.5.0,__.__ .M-.. -_..- ... .....$237.22 , .-. $274 72 ... MA ..NAi E -.. , ..... . $50:04/1970.; ............ . ~ ...,..04/20004 ........... ..$37..5.0 ....... _ __. .......$237.22 $274J2 _...._. MA NAi E i --------------t_....---........_..~ $50 ; 03/1970_-___.-_ ._ i 03/2000 ¢__-.___- r- -- _$37 50 ; ....... $237 22 E $274 72Y MA _-__-_NAr_ E i .............r---.. $50x02/1970}_---__- .- -_-_.--- ; 02/2000,_,_-,-_ --r------- -------- - ----r_.-- .. - .$37 50*_-.__--_,237.18 _ -_ 274 68 -- MA NA: E ~ $50µ12/1969~ .................:..12/1999-_-__-_- -$37.50 t.---__- - -._...-,---~-...- _,-$233 94~ --._. . 271 44:~ - MA .............r..--.-_.--_-..~..__-. ..$50 10 _1969.:......... .. :10/1999.x... $37.50r ... -_ $232.54 --- ~270 04~ MA NA ; E .............~-..-._.. ;.--_. --$50.09/1969....._..___... ..:. - ..;..09/1999..._._... -.$37.50.....-. .. .... __-$232.54;,._.. . . .. 270 04~ MA NA : E -_ _,-_-- k _ --- NA E , 50.08/1969 -_ 08/1999 - ri - 37 50 $ .. - .... _., .._ ..-... ,$232 52 __, ... - ... 270 02 .... ................_.-. ..-...... MA . - . $50:07/1969 _ ;.07/1999 r _. . $37 50 . $231 92 . 3 $269 42 .-..._. MA NA E -- -- , $50_..05/196.9.. _ _ _ ,,_05/1999 -.. . $37.,50 ..... .... ... .. .$239 .. 70 $277 20 MA .. ------.NA,.~..E. ..~.__..-- - .$50 04/1969 ........ -.w04/1999.i..._. ~ . ,.~ $37 50 ..,- .- . .... , . -.$237.04: _ . ~ ~274 54 _.. MA NA: E ~ $50 03/1969 _-.y_-_ . .~„03/1999_*...__~._. $5~._50~.._--. - .. _-. _.-._ ._ _..$237 04r ; . .-~ $274 54 .. MA NAi E .............,.-.__...-- r_....- 5002/1969; ~02/1999~ - .:~ r .._._...-......~-._.. $~7.50a __ _ $23704 ~_ ~ b - - _- - $274.54 . MA ._v...NA-.._-.E--....~...... ~$50;-12/1968.;.. ~,12/1998r.. $37.50.:....-... . ... . $237 06 _ : ... 274.56 MA ......N'.°` ..-.E.. ._... ..$50x_10/1968 ......,,~ - _.10/1998r ..-...... .$37..50 .......... . ............ ....... ..... ...$230 78 ........... ... 268..28;... -. MA.. http://www.treasurydirect.gov/BC/SBCPrice 3/12/2008 ,, Calculated Value of Your Paper Savings Bond(s) Page 2 of 2 NA......E. _.4. $50..1.09/1968 ........ 09/1998.,... - ..._... $37..50;. ..... .$230 78.. .. 268.28 $ ~ MA , . _. E $50:08/1968.4...._ 1..08/1998 $37._50 . ._ $23,0..78........ _........ _ . .. .-- - _.~. $268.28 . MA ._ .._._ r . _ _E ,._.~,.._~ $50 06/1968 ...._w.................. r ..._„ = 06/1998.1 __ ,~_....... . .. ,. __ _, 37.50 ~ ~... t . 230 82 _.. _. ~ .. : 268 32 ~ M...... q NA 1 E .. _.......„q .... _.,.. ....... $50 w05/1968 4 05/1998 4 ` $37.50,; .. . .. ,, $227 64: ................... X265.14 Y MA~~ NA; E ----.....r...... r --- ~50w03/1968r. __ ....... 03/1998_._ .~... _„37.50 ,_ __ ^ $225 06' __ . r 4 X262 56p ~..._..,... MA NA: E .........r_..............r.__. ' ~50~02/1968T. __ _,_ ... w02/1.998r_ _ $37.504.., ,,_ . X225 06p _ ,_„ _........ t .__._.. 262 5 _y ... ? 6 ~ ~ MA NA s E ..._...._.r_._.. $50 ~ 01/1948 ~ __„ _ __... ...._ :01/1988 4, _ .y„ _ , X37.50 r _$225 32_„ _ __ , 262 82 . _,_..... . ,.__~ MA Ai E ._.__. --.........r.._..._ 50w03/1948 . .............. ..03%1988.r_.. .._..~37.504._. 225.32;: ._..__ . ,. _ r $262.82: ; _. .. MA . NA1. E_ __:___ _ X50 12/1947.1. __., . , _ .. ~.12/1987i _ y. _.. ~37 50 __..__ ....... s. ... . __......._ $225 32w _ ... ,.. _. .. _....___..., ._._..... 262 82 ......._ .r _..... , M A Totals for 48 Bonds ~ $ 1,800 00 $ 12,423 26 ; $14,223.26 _ _ Notes NI :Not Issued NE ;Not eligible for payment PS :Includes 3 month interest penalty ............................................._...._........._..~__v _._.~......_ MA :Matured and not earnin interest http://www.treasurydirect. gov/B C/S B CPrice 3/12/2008 Calculated Value of Your Paper Savings Bond(s) Calculated Value of Your Paper Savings Bonds Calculator Results for Redemption Date 02/2007 Page 1 of 1 Total Price Total Value Total Interest YTD Interest 1 200.00 9 216.92 8 016.92 0.00 Bonds: 1-16 of 16 Serial Issue Next # Series Denom Final Issue Interest Interest Value Note Date Accrual Maturity Price Rate _NA+ .........E ... _.. $100...;..07/1949 ........ *...07/1989 . _...... $75..00.> $500.32 ~.. .... $575.32 ; ; MA NAi E i $100~05/1949Y_ ____ i 05/1989._ __-__ $75_00_ _ __,_ 477.08 ... _.. $552 08 ~ . MA NA ~ E ............-.... r ...............r... $100:_04/1949 r__....___ .. .... ~ 04/1989 ~_ ....i., _ $75.00 t. _ ..471.76 Y __ .: _ _-_ _$546.76: _ __ MA NA i E _ : _ .._..........r.....__.......r. _ _$100}02/1949 :-__-_____ ; 02/1989 _ . -. ........~........,. ___- _~75.00_~_„ _ _, $471:76_______ -_ ___ „ _ _^- ~546.7~6 ~ _ __ MA .._---NA..._.E......... ...~100w11/1949r........ . ...... _: 11~1989~.. . r.. ........X75,OO.r_. 92 ~580 .....X505.92 ...................~ . MA NA E ._............r.,...,.. _.. ~, X100 12/1949r ;_12/1989 __ X75 00 $513 24 ~ . ~ . ... X588 24~ .. MA ._,_.NAr E ~ . ~..~100 04/1950 _ ¢ 04/1990,.._ r __....$75..00; . _ ~ _ ...._$513 24 .._._ _ .: . $588 24 _ . _.. MA NA, E _:,,. _._$100x02/1950,,...,.,. 02/1990 _.$75,.00 ._ _ , $ 513 .242 i . $588 24 . . _.. . . MA __NA E ; _ $100.05/1950 05/1.990.¢ _ { $75.00 ,. ._ . . _ _$518.929 ~ . $593 92 ~ MA NA; E ~ ----- ._....r.v-------.._..t._ $100_07/1950_ ...__._._ . --- ~~. 07/1990 ~ _ $75_„00 ; ~'- .,__..__,_.. _ $527 12-, __- ~` ~ ~~~~ ~ -~ . _ $602 12 ~ .~ MA NA: E i -----.._....r._..__....__~.. $100x09/1950_:.___, _-_ ... . __.--- ? 09/1990 ..r.. .~. ...._. $75.00__ ._...$527.12.x ............. . X602 12 __ MA NA i E i $100 ;11/1950 .._, - .... ; 11/1990 ; ____ 75.00 . ,. ..... _ 532 96 ~ ~ r .. $607 96 MA NA; E X100 12/1950-~_ ___ __ ______ __,_12/1990,p_•_ ______~75.OOY__ ,__ _~542y04~_ __ _ _ - •_! ~ - _.. -. ~617 04r __ _ MA NA: E ~ $100 1171948...... . ..11/1988.r... ._.._.~75.~00.~.. .....$463 04 .:................:. ... _ . .....538 04 MA NA; E ~ .._..~_..._.r___ _________ _«. _ $100.,.09/1949¢..........._ .. ._,.09/1989;.._. ...._.$75.00 .,. _._.$500..32,._ .............._...;. .._ _ ..$575 32 . - MA ..,__ NA i ....- E.._...... _.~100 _06/1967 w ............... ..:..06%1997: . . t._. _ $75 00 : ..... ..... ,.. $438.84 ..~ .... .. .... .. 513.84; ~ .. MA Totals for 16 Bonds ~ $ 1,200 00 $ _ -__ ...t....... 8,016 92 ~ '_ _ _ __ _ _... $9,216.92 _ . Notes NI :Not Issued ................._. r..._ _......... _... _............__................. _........._ .........._....._......................................._................... _..... _NE rNot eligible for payment_ _ ____________,........_.......,. P5 Includes 3 month interest penalty MA ~ Matured and not earnin interest http://www.treasurydirect.gov/BC/SBCPrice 3/12/2008 St MEMBERS 1st FEDERAL CREDIT UNION REGULAR SAVINGS ACCOUNT: Account Number/ Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established CHECKING ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established MONEY MANAGEMENT ACCOUNT: Account Number Date Account Established Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established Estate of: LOUISE M. BOYLE Date of Death: February 18, 2007 Social Security Number: 117-48-3414 135947 -00 10/12/1993 $1,031.29 $.45 $1,031.74 Kathryn Boyle 10/12/1993 135947 -11 10/12/1'993 $6,054.93 $.41 $6, 054:84 Kathryn Boyle 10/12/1993 135947 -05 02/28/2004 $39,347.95 $67.96 $39,415.91 Kathryn Boyle 02/28/2004 M M ERS 1ST F//E,RAL CREDIT UNION ' ~G%~ Denise A. olfe Insurance Services upervisor April 30, 2008 5000 Louise Drive P.O. Box 40 Mechanicsburg, Pennsylvania 17055 (800) 283-2328 wwwmemberslst.org SCHEDULE G TRANSFERS ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 This schedule to be completed and filed if the answer of the question on the reverse of the cover is vec. ITEM NUMBER DESCRIPTION OF PROPERTY MCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. TOTAL' VALUE OF ASSET DECD.% INT EXCLUSION (if applicable) TAXABLE VALUE 1 Savings Account No. 11564 Sunnyside Federal Savings & Loan Assoc. (see letter attached) $4,519.29 $4,519.29 '1'U'1'AL (also on line 7, Recapitulation) $4,519.29 SUNNYSIDE FEDERAL April 18, 2008 Andrews & Johnson Ronald E. Johnson 78 West Pomfret St. Carlisle, PA 17013 RE; Estate of Louise Boyle Dear Mr. Johnson, "A COMMITMENT TO OUR COMMUNITY" SINCE 1930 In response to your letter of April 16, 2008 concerning. the Estate of Louise Boyle I am providing you with the following information. At the time of her death, there were two savings accounts in the name of Louise Boyle Savings account #11214 was joint with Robert James Boyle. This account was opened May 27, 1971. The date of death balance was $5624.7'1. Savings account # 11564 was Louise Boyle "in trust for" Robert James Boyle. This account was opened December 8, 1971. The date of death balance on this account was $4,519.29. Should you wish to close these account, we will need signed authorization from Robert Boyle and the passbooks for both accounts. If you have any questions, please feel free to contact me. Very Truly Yours, James Merce Treasurer SUNNYSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION OF IRVINGTON 56 MAIN STREET • P.O. BOX 108 • IRVINGTON, NEW YORK 10533 • TEL (914) 591-8000 • FAX (914) 591-5293 f SCHEDULE H A. B FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 Debts of decedent must be re orted on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER Funeral Ezpenses: 1 Hoffman-Roth Funeral Home-funeral $13,258.09 2 Sunnyside Restaurant-funeral reception $447.26 3 Market Cross Pub -dinner after viewing $76.37 Administrative Costs: 1 Personal Representive Commissions Name of Personal Representative(s) Social Security Number of Personal Representative: Street Address: City: State: Zip: Year(s) commissions paid: 2 Attorney fees to Andrews & Johnson $45,000.00 3 Family Exemption Claimant Robert J. Boyle Street: 135 West Louther Street City: Carlisle State & Zip PA 17013 $3,500.00 Relationship of Claimant to Decedent: son 4 Probate Fees to Register of Wills $620.00 5 Additional Probate fees $350.00 6 Accountant Fees to Patricia Rosendale, CPA $1,000.00 7 Schnitta Appraisal Co., Inc. -Coop appraisal $575.00 8 PA Department of Revenue - 2007 estimated tax payment $1,000.00 9 US Treasury - 2007 estimated tax payment $2,000.00 10 US Treasury - 2007 payment with. form 4868 $600.00 11 PA Department of Revenue - 2007 estimated tax payment $1,000.00 12 US Treasury - 2007 estimated tax payment $2,000.00 13 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $93 8.27 14 Cablevision $49.48 15 AT&T -long distance phone service $26.51 16 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $938.27 17 Verizon $24.50 18 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $3,043.72 SUBTOTAL (also on line 9, Recapitulation) $76,447.47 Continued SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 Debts of decedent must be reported on Sch dole I. ITEM DESCRIPTION AMOUNT NUMBER 19 Cablevision $49.49 20 Verizon $24.37 21 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $93 8.27 22 Cablevision $49.47 23 AT&T -long distance phone service $29.21 24 Verizon $27.59 25 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $93 8.27 26 Cablevision $49.47 27 Half Moon Coop Apts South -payment on taxes, insurance azad maintenance $93 8.27 28 Cablevision $49.47 29 Verizon $26.51 30 Half Moon Coop Apts South -payment on taxes, insurance atld $938.27 maintenance 31 Cablevision $49.47 32 Verizon $27.62 33 Cablevision $49.47 34 Half Moon Coop Apts South -payment on taxes, insurance and $938.27 35 Verizon $27.63 36 Cablevision $52.63 37 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $1,032.10 38 AT&T -long distance phone service $31.68 39 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $1,032.10 40 Cablevision $52.65 41 Verizon $27.51 42 Cablevision $52.65 43 Verizon $27.58 44 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $1,032.10 45 AT&T -long distance phone service $31.49 46 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $1,032.10 47 Verizon $27.58 48 Half Moon Coop Apts South -payment on taxes, insurance and maintenance $1,032.10 SUBTOTAL (also online 9, Recapitulation) $87,062.86 w Continued SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION NUMBER AMOUNT 49 Cablevision $105.30 50 Half Moon Coop Apts South -payment on mortgage, taxes, insurance and maintenance $1,032.10 51 Verizon $28.83 52 Half Moon Coop Apts South -payment on mortgage, taxes, insurance and maintenance $1,032.10 53 BNY Mellon Shareowner Services -surety bond for replacement of the share certficates for 7,204 shares of common stock - GE Corporation which were lost and cannot be found. $2,357.60 54 Re ister of Wills - PA Inheritance Tax Return - filin fee $15.00 TOTAL (also on line 9, Recapitulation) $91,633.79 SCHEDULEI DEBTS OF DECEDENT MORTGAGE LIABILITIES AND LIENS ESTATE OF FILE NUMBER Louise M. Boyle 21-08-0258 Report debts incurred by the decedent prior to death which remained unpaid es of the date of depth, including unrcimbursed medical expenses. ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH 1 Three Springs Family Practice -medical bill $63.81 2 Verizon -local phone service $24.26 3 Michele Landis -nurses aide/caregiver $920.00 4 Lancastr HMA Physician Management -medical bill $72.19 5 Carlisle NeuroCare -medical bill $69.15 6 Carlisle Regional Medical Center -medical bill $992.00 7 Family Home Medicine -medical bill $74.82 8 Kinetic Imaging, Inc. -medical bill $1.68 9 Three Springs Family Practice -medical bill $62.41 10 Lancaster HMA Physician Management -medical bill $16.52 11 West Shore EMS -medical expenses $75.36 12 Cumberland Goodwill Fire & Rescue -medical expense $80.91 13 Cablevision $49.48 14 Verizon -local phone service $24.23 TOTAL (also on line 10, Recapitulation) $2,526.82 ~~ SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Louise M. Bo le 21-08-0258 ITEM NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT OR SHARE NUMBER Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBl1TIONS [uxlude outright spousal distributions, end tramfers undo Sec. 9116(a)(1.2)] 1 Robert J. Boyle 135 West Louther Street son 100% Carlisle, PA 17013 II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE Charitable and Governmental Bequests: TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (also enter on line 13, Reacapitulation) $0