HomeMy WebLinkAbout03-0311Register of Wills of Cumberland County, Pennsylvania
PETITION FOR GRANT OF LETTERS
Estate of
also known as
JOHN M. SPANGLER
, Deceased
Social Security No. 194-26-6491
Petitioner(s), who is/are 18 years of age or older, appJy(ies) for:
(COMPLETE "A" OR "B" BELOW:)
J~ A. Probate and Grant of Letters and aver that Petitioner is the executor named in the Last Will of the
Decedent, dated 3123101 and codicil(s) dated 8131101
Stale re~vant circumstances, e~g., renunciation, death of executor, etc.
Except as follows, Decedent did not marry, was not divorced, and did not have a child born or adopted after execution of the documents offered for
probate; was not the victim of a killing and was never adjudicated incompetent:
heirs:
B. Grant of Letters of Administration
(c.t.a., d.b,n.c.t.a.: pondente lite; durante absentia; durar~te min~dtete)
Petitioner after a proper search has ascertained that Decedent left no Will and was survived by the following spouse (if any) and
Name Relationship Residence
(COMPLETE IN ALL CASES:) Attach additional sheets if necessary.
Decedent was domiciled at death in Cumberland County, Pennsylvania, with his last family or principal residence
at 400 E. Chestnut Street, Shiremanstown Borough, Cumberland County, PA 17011
(list street, number and municipality)
Decedent, then 95 years of age, died March 26, 2003, at 400 E. Chestnut Street, Shiremanstownt Cumberland Cty, PA
(Location)
Decedent at death owned property with estimated values as follows:
(if domiciled in PA) All personal property ................................................ $ 600,000.00
(If not domiciled in PA) Personal property in Pennsylvania ............................. $
(If not domiciled in PA) Personal property in County .................................. $
Value of real estate in Pennsylvania ............................................................ $ 250,000.00
Total ............................................................................ $ 850,000.00
Real Estate situated as follows: 400 E. Chestnut Street, Shiremanstown, Cumberland County, PA O.r~d
Wherefore, Petitioners respectfully request the probate of the last Will and Codicil presented'with this PetitioTi and the grant of letters in the appropriate
form to the undersigned:
Signature
Typed or printed name and residence
Diane Freundel
29 Sussex Road, Camp Hill, PA 17011
James A. Ulsh
8 Dawn Drive, Millersburg, PA 17061
Oath of Personal Representative
Commonwealth of Pennsylvania
County of Cumberland
The Petitioners above-named swear and affirm that the statements in the foregoing Petition are true and correct to
the best of the knowled§e and belief of Petitioners and that, as personal representatives of the Decedent, Petitioners will
well and truly administer the estate according to law.
Sworn to and affirmed and subscribed
before me this
day of Diane Freund~
,2003.
James Ulsh
DECREE OF REGISTER
Estate of JOHN M. SPANGLER
Deceased ~'7~'-~..~ / /
also known as
Social Security No: 194-26-6491 Date of Death: March 26, 2003
AND NOW, /'~'~/~J / ~ ~-'~' ,2003, in consideration of the Petition on the reverse side
hereon, satisfactory proof having been presented before me,
IT IS DECREED that Letters · Testamentary [] of Administration
(c.t.a.; d.b.n.c.t.; pendente lite; durante absentia; durante minoritate)
are hereby granted to DIANE FREUNDEL AND JAMES A. ULSH
in the above estate and that the instrument(s), if any, dated 3/23/01 and 8131101
described in the Petition be admitted to probate and filed of record as the last Will of Decedent.
FEES
Letters ........................... $ '--,-/'~--.~d2, ~_; ~
Short Certificate(s) .......... $
Renunciation .................. $
Affidavit ( ) ................. $
Extra Pages ( ) ............ $ ~_-.-~.~
Codicil ..........................$.
JCP Fee ........................ $.
Inventory & Tax Forms... $.
Other ............................$
TOTAL ................
Attorney: James A. Ulsh
I.D. No: 10169
Address: 3401 North Front Street
Harrisburg, PA 17110-0950
Telephone: 717-232-5000
DATE FILED:
:322789 i
his is to certify that the information here given is correctly copied fi:om an original certificate of death duly riled with me as
Local Registrar. The original certificate will be forwarded to the State Vital Records Ofrice for permanent filing.
WARNING: It is illegal to duplicate this copy by photostat or photograph.
~ Local Registrar (./
P 9 0 9 4 0 2 7 ~-~
~~,-~'~'~ NAR 2 8 2003
No. ~ Date
COMMONWEALTH OF PENNSYLVANIA * DEPARTMENT OF HEALTH ,, VITAL RECORDS
CERTIFICATE OF DEATH
,. ~s ~"1 : I
m ~h~ ~ S~mto~ ,. 400 E. C~stnut St. ~'m~'" ~*e
S~mmto~, PA 17011
,,. ~rge ~is S~ngler ~,.s~.~,~,~.,~.,.~ ~te ~a~th ~rlac~r
~ Je~ ~del ~ 407 E. ~stnut St., S~nst~,PA 17011
~ ffi
,,~ 3-31-03 ~,,~ Rolling G~n M~rial ~,~ Hill, PA 17011
~,. 012755-L ~e~-H~er ~, 1903 M~ket St~t, ~,PA 17011
'MEOICAL EXAMINER/CORONER
IRleE HOW IHJURY OCCURREO.
CODICIL TO THE WILL
OF
JOHN M. SPANGLER
I, JOHN M. SPANGLER, of Shiremanstown, Cumberland County,
Pennsylvania, the within named Testator, do hereby make and publish this Codicil to
my Last Will and Testament dated March 23, 2001.
I hereby modify said Last Will and Testament as follows:
ITEM I:
Testament as follows:
I hereby amend ITEM X of my said Last Will and
"ITEM X: I hereby nominate, constitute and appoint my
granddaughter, DIANE FREUNDEL, and JAMES A. ULSH to be the
Executors. In the event of the death or inability or refusal to serve of
both of them, I nominate, constitute and appoint PNC BANK to be the
Executor. The Executor, Trustee and Guardian are specifically relieved
from the duty or obligation of filing any bond or other security."
In all other respects I confirm and ratify my aforesaid Last Will and
Testament dated March 23, 2001.
day of
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
JOHN M. SPANGLER
We, the undersigned, hereby certify that the foregoing Codicil was
signed, sealed, published and declared by the above-named Testator as and for a
Codicil to his Last Will and Testament, in the presence of each of us, who, at his
request and in his presence and in the presence of each other, have hereunto set our
hands and seals the day and year above written, and we certify that at the time of the
execution thereof, the said Testator was of sound and disposing mind and memory.
(SEAL)
(SEAL)
(SEAL) Residing at
:270794
AFFIDAVIT
COMMONWEALTH OF PENNSYLVANIA )
) SS:
COUNTY OF -..~ u~ ~> h i ~/ )
and
,, the Witnesses whose names are signed to t ttached
or foregoing instrument, being duly qualified according to law, do depose and say that
we were present and saw Testator, JOHN M. SPANGLER, sign and execute the
instrument as a Codicil to his Last Will and Testament; that Testator signed willingly
and that he executed said Codicil as his free and voluntary act for the purposes
therein expressed; that each of us in the hearing and sight of the Testator signed the
Codicil as Witnesses; and that to the best of our knowledge the Testator was at that
time eighteen (18) or more years of age, of sound mind and under no constraint or
undue influence.
Witness
Sworn to and subscribed
before me this 3/~,~ day
of/~ aS ~ ,2001.
~' Notary'Public
My Commission Expires:
(SEAL)
Notarial Seal
Margaret M. Kenworthy, Notary Public
Twp., Dauphin ~ounty
ol Notaries
:270794 1
ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA )
) SS:
COUN
I, JOHN M. SPANGLER, Testator, whose name is signed to the attached
or foregoing instrument, having been duly qualified according to law, do hereby
acknowledge that I signed and executed the instrument as a Codicil to my Last Will
and Testament; that I signed it willingly; and that I signed it as my free and
voluntary act for the purposes therein expressed.
J NORM. SPANGLER LA~
(SEAL)
Sworn to and subscribed before
me this 3]z ~' day of
/~ t~,~ a $ ff' ,2001.
~'Notary Publi~ ~
My Commission Expires:
(SEAL)
:270794 I
OF
JOHN M. SPANGLER
I, JOHN M. SPANGLER, of Shiremanstown, Cumberland County,
Pennsylvania, do make, publish and declare this to be my Last Will and Testament,
hereby revoking all Wills and Codicils by me at any time made.
ITEM I: I direct that all inheritance and estate taxes
becoming due by reason of my death, whether such taxes may be payable by my
estate or by any recipient of any property, shall be paid by the Executor out of the
property passing under ITEM V of this Will, as an expense and cost of
administration of my estate. The Executor shall have no duty or obligation to
obtain reimbursement for any such tax so paid, even though on proceeds of
insurance or other property not passing under this Will.
ITEM II: I give, devise and bequeath my residence
located at 400 East Chestnut Street, Shiremanstown, Pennsylvania, including all of
my household goods, furniture and furnishings, including books, pictures and
silverware and other articles of household use located therein, to my
great-grandson, MICHAEL FREUNDEL, and my granddaughter, SHERRY A.
FREUNDEL, as joint tenants with right of survivorship. If neither of them fails to
survive me, I direct my Executor to sell my said residence and personal property
Page
and add the net proceeds from the sale thereof to my residuary estate to be
distributed in accordance with ITEM V.
I give and bequeath the sum of Thirty-five Thousand ($35,000) Dollars
to PNC BANK, N.A. as Trustee (hereinafter referred to as "Trustee"), IN TRUST to
be administered and distributed as follows:
(a) Trustee shall pay all of the net income of this Trust and so much of
the principal of this Trust as may be necessary in the sole discretion of the Trustee
to pay for the real estate taxes and assessments, fire and casualty insurance
premiums, and maintenance and repairs to 400 East Chestnut Street,
Shiremanstown, Pennsylvania.
(b) Except as specifically provided in sub-paragraph (a) of this Item, my
said granddaughter and my said great-grandson shall pay all other expenses
incident to the ownership of my residence. Upon the expiration of fifteen (15) years
from the date of my death (provided that either my said granddaughter or my said
great-grandson continues to own said property) the Trustee shall distribute the
remaining assets of the Trust equally to my said great-grandson and my said
granddaughter whereupon this Trust shall terminate. If neither my said
granddaughter nor my said great-grandson is then living or upon sale of the
property at any time during the aforesaid fifteen (15) year period, the Trustee shall
distribute the remaining assets of the Trust to my then living children and issue of
deceased children per stirpes."
ITEM III: I give and bequeath my Nissan automobile to
my granddaughter, SHERRY A. FREUNDEL, if she survives me. I give and
bequeath all other automobiles which I own at the time of my death and all policies
of insurance thereon to my great-grandson, MICHAEL FREUNDEL, if he survives
me.
Page 2
ITEM IV: I may leave a written statement or list in with
this Will disposing of certain items of my tangible personal property not otherwise
specifically disposed of herein. Any such statement or list in existence at the time of
my death shall be determinative with respect to all items devised therein. If no
written statement or list is found with this Will or elsewhere and properly identified
by the Executor within thirty (30) days after the probate of my Will, it shall be
presumed that there is no such statement or list; any subsequently discovered
statement or list shall be ignored.
Any item of tangible personal property not
contained on any written statement, or if no written statement is found, I give and
bequeath absolutely and in fee simple all of my household furniture and furnishings,
books, pictures, jewelry, silverware, automobiles, wearing apparel, and all other
articles of household or personal use or adornment not otherwise so devised, and all
policies of insurance thereon, to my daughters, JEAN L. FREUNDEL and J.
MARJORIE BORELLI, to be divided between them as they shall agree. Should
there be no agreement, such property shall be divided between them by the
Executor in as nearly equal portions as is deemed practical in the sole discretion of
the Executor having due regard to the personal preferences of my said daughters. I
direct the Executor to sell all of my tangible personal property not otherwise chosen
by my daughters and add the net proceeds from the sale thereof to my residuary
estate to be distributed in accordance with ITEM V of this Will.
ITEM V: I give, devise and bequeath all of the rest,
residue and remainder of my estate not disposed of in the preceding portions of this
Will in equal shares to my daughters, JEAN L. FREUNDEL and J. MARJORIE
BORELLI. If either of my said daughters fails to survive me, the share of my said
deceased daughter shall be paid to the then living issue of my said deceased
daughter, per stirpes. If at the time of my death I own residential real estate situate
at 301 South Stoner Avenue, Shiremanstown, Lower Allen Township, Cumberland
County, such real estate shall be distributed in kind to my daughter, JEAN L.
FREUNDEL, as part of her share of my residuary estate.
ITEM VI: No interest of any beneficiary under this Will
or any Codicil hereto shall be subject to anticipation or voluntary or involuntary
alienation, and the personal receipt of such beneficiary shall be the sufficient and
only discharge of Executor unless otherwise provided herein.
ITEM VII: In the settlement of my estate, the Executor
shall possess, among others, the following powers:
(a) To retain any investments I may have at my death,
including specifically those consisting of stock of any bank even if I have
named such bank as the Executor herein, as long as the Executor may
deem it advisable to my estate so to do.
(b) To vary investments, when deemed desirable by the
Executor, and to invest in such bonds, stocks, notes, real estate
mortgages or other securities or in such other property, real or personal,
as the Executor shall deem wise, without being restricted to so-called
"legal investments", and without being limited by any statute or rule of
law regarding investments by fiduciaries.
(c) In order to effect a division of the principal of my estate or
for any other purpose, including any final distribution, the Executor is
authorized to make said divisions or distributions of the personalty and
realty partly or wholly in kind, and to allocate specific assets among
beneficiaries hereunder so long as the total market value of any share is
not affected by such division, distribution or allocation in kind. Should
it appear desirable to partition any real estate, the Executor is
authorized to make, join in and consummate partitions of lands,
voluntarily or involuntarily, including giving of mutual deeds,
recognizances or other obligations, with as wide powers as an individual
owner in fee simple.
Page 4
(d) To sell either at public or private sale and upon such terms
and conditions as the Executor may deem advantageous to the estate,
any or all real or personal estate or interest therein owned by the estate
severally or in conjunction with other persons or acquired after my
death by the Executor, and to consummate said sale or sales by
sufficient deeds or other instruments to the purchaser or purchasers,
conveying a fee simple title, free and clear of all trust and without
obligation or liability of the purchaser or purchasers to see to the
application of the purchase money or to make inquiry into the validity of
said sale or sales; also, to make, execute, acknowledge and deliver any
and all deeds, assignments, options or other writings which may be
necessary or desirable in carrying out any of the powers conferred upon
the Executor in this paragraph or elsewhere in my Will.
(e) To mortgage real estate, and to make leases of real estate.
(f) To borrow money from any party, including the Executor,
to pay indebtedness of mine or of my estate, expenses of administration
or inheritance, legacy, estate and other taxes, and to assign and pledge
assets of my estate therefor.
(g) To pay all costs, taxes, expenses and charges in connection
with the administration of my estate.
(h) To make distributions of income and of principal to the
proper beneficiaries thereof, during the administration of my estate,
with or without court order, in such manner and in such amounts as my
Executor deems prudent and appropriate.
(i) To vote any shares of stock which form a part of the estate,
and otherwise to exercise all the powers incident to the ownership of
such stock.
Page 5
(j) In the discretion of the Executor, to unite with other
owners of similar property in carrying out any plans for the
reorganization of any corporation or company whose securities form a
part of the estate.
(k) To disclaim any interest in property which would devolve
to me or my estate by whatever means, including but not limited to the
following means: as beneficiary under a will, as an appointee under the
exercise of a power of appointment, as a person entitled to take by
intestacy, as a donee of an inter vivos transfer, and as a donee under a
third-party beneficiary contract.
(1) To do all other acts in the Executor's judgment deemed
necessary or desirable for the proper and advantageous management,
investment and distribution of the estate.
ITEM VIII: Any person who shall have died at the same
time as I shall have, or in a common disaster with me, or under such circumstances
that the order of our deaths cannot be established by proof, or within thirty (30)
days of my death, shall be deemed to have predeceased me.
ITEM IX: If at any time any minor child shall be
entitled to receive any assets hereunder, PNC BANK, N.A. shall act as Guardian of
the assets payable to such child. Such Guardian may receive and administer all
assets authorized by law, and shall have full authority to use such funds in any
manner it shall deem advisable for the best interests of such child. Said Guardian
shall have all the rights and privileges as to the Guardianship(s) and its assets as are
herein granted to the Trustee and Executor as to the Trusts and my estate and the
assets therein. I also designate said Guardian as successor custodian of any
property for which I am custodian under any Uniform Gifts to Minors Act.
ITEM X: I hereby nominate, constitute and appoint my
granddaughter, DIANE FREUNDEL, to be the Executrix (referred to in this Will as
Page 6 ~
"Executor"). In the event of her death or her inability or refusal to serve, I
nominate, constitute and appoint PNC BANK, N.A. to be the Executor. The
Executor, Trustee and Guardian are specifically relieved from the duty or obligation
of filing any bond or other security.
IN WITNESS WHEREOF, I have set my hand and seal to this, my Last
Will and Testament, consisting of this and the preceding six (6) pages, at the end of
each page of which I have also set my initials for greater security and better
identification this ~day of D?P~c ct-- ,2001.
,JOHN M. SPANGLER
We, the undersigned, hereby certify that the foregoing Will was signed,
sealed, published and declared by the above-named Testator as and for his Last Will
and Testament, in the presence of us, who, at his request and in his presence and in
the presence of each other, have hereunto set our hands and seals the day and year
first above written, and we certify that at the time of the execution thereof, the said
Testator was of sound and disposing mind and memory.
(SEAL)
(SEAL)
(SEAL) Residing at
ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA )
COUNTY OF )
I, JOHN M. SPANGLER, Testator, whose name is signed to the
attached or foregoing instrument, having been duly qualified according to law, do
hereby acknowledge that I signed and executed the instrument as my Last Will and
Testament; that I signed it willingly; and that I signed it as my free and voluntary
act for the purposes therein expressed.
JOHN M. SPANGLER
(SEAL)
Sworn to and subscribed before
me this ~.~Lday of
~ ,2001.
My Commission Expires:
,~ O~,' ,
:251751 1
AFFIDAVIT
COMMONWEALTH OF PENNSYLVANIA
co o,
)
) SS:
)
/
~ /;f/~$z'~', the Witnesses whose n~mes are signed to the attached
or foregoing instrument, being duly qualified according to law, do depose and say
that we were present and saw Testator, JOHN M. SPANGLER, sign and execute
the instrument as his Last Will and Testament; that Testator signed willingly and
that he executed said Will as his free and voluntary act for the purposes therein
expressed; that each of us in the hearing and sight of the Testator signed the Will as
Witnesses; and that to the best of our knowledge the Testator was at that time
eighteen (18) or more years of age, of sound mind and under no constraint or undue
influence.
Witness
Sworn to and subscribed
before me this ~J~-day
of ~t'~ ,2001.
~' Notary
My Commission Expire~
(SEAL) ~~o~s
OF
JOHI~I 1~. SPAI~GLER
METTE, EVANS & WOODSIDE
Attorneys at LAW
HARRISBURG, PENNSYLVANIA 17110-0950
CERTIFICATION OF NOTICE UNDER RULE 5.6(a)
Name of Decedent:
Date of Death:
File No.
John M. Spangler
March 26, 2003
21-03-0311
To the Register:
I certify that notice of beneficial interest required by Rule 5.6(a) of the Orphans' Court
Rules was served on or mailed to the following beneficiaries of the above-captioned estate
by May 22, 2003:
Name Address
Jean Freundel
Michael Freundel
Sherry A. Freundel
J. Margorie Borelli
PNC Bank, Trustee
407 E. Chestnut Street, Shiremanstown, PA 17011
407 E. Chestnut Street, Shiremanstown, PA 17011
301 S. Stoner Avenue, Shiremanstown, PA 17011
465 S. Geyers Church Road, Middletown, PA 17057
4211 Union Deposit Road, Harrisburg, PA 17109
Notice has now been given to all persons entitled thereto under Rule 5.6(a).
Date: May 22, 2003
:326797
Capacity:
Signature
Vicky Ann Trimmer, Esquire
3401 North Front Street
Harrisburg, PA 17110
Address
(717) 232-5000
Telephone
__ Personal Representative
x Counsel for Personal Representative
METTE, EVANS & WOODSIDE
~- l~l~O~llOl~',~.
HOWELL C. METTE
ROBERT MOORE
CHARLES B. ZWALLY
PETER J. gESSLER
LLOYD g. PERSUN
CRMG A. STONE
JAMES A. ULSH
DANIEL L. SULLIVAN
STEVEN D. SNYDER
JEFFREY A. ERN1CO
KATHRYN L. SIMPSON
P. DANIEL ALTLAND
ANDREW H. DOWLING
MICHAEL D. gEED
PAULA J. LEICHT
GARY J. HElM
DAVID A. FITZSIMONS
GUY P. BENEVENTANO
THOMAS F. SMIDA
JOHN F. YANINEK*
3401 NORTH IFRONT STREET
P.O. BOX 5950
I~A~I~ISBITRG, PA 17~0-0950
~ N~
2~1985~5
~p://www. me~e.~m
VICKY ANN TRIMMER
TIMOTHY A. HOY
KATHLEEN DOYLE YANINEK
JAMES M. STRONG
JENNIFER A. YANKANICH
RANDALL G. HURST*
MARK D. HIPP
RONALD L. FINCK
SCOTT C. SEUFERT
OF COUNSEL
JAMES W. EVANS
*MARYLAND BA~
June 24,2003
VIA CERTIFIED MAIL
RETURN RECEIPT REQUESTED
Mary C. Lewis
Register of Wills Office
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
RE:
Estate of John M. Spangler
S.S.N. of Decedent: 194-26-6491
File No. 21-03-0311
Dear Ms. Lewis:
Enclosed is a check payable to "Register of Wills, Agent" in the amount of
$37,000.00, representing a prepayment of inheritance tax in the above-referenced
estate.
Plea~ senda_ .:,,..xeceipt for the inheritance tax payment to my attention in the
encto_sed enj~lopei!' ~hank you for your assistance.
Very t~ly yours,
~ ' :2 ~ Lisa J. ~de
Paraleg~ to Vicky ~n Trimmer
Enclosures
cc: Diane Freundel, Co-Administrator
James A. Ulsh, Co-Administrator
:329828 I
METTE, EVANS & WOODSIDE
A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW
340! NORTH FRONT STREET
P.O. BOX 5950
HARRISBURG, PA 17`1 '10-O950
III
7002
00[]6 7727 0005
Maw C. Lewis
ReCster of Wills Office
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
I 9~ Nn
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT, 280601
HARRISBURG, PA 17128-0601
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
NO.
REV-1162 EX(11-96)
CD 002741
TRIMMER VICKY ANN
3401 NORTH FRONT STREET
HARRISBURG, PA 17110-0950
........ fold
ESTATE INFORMATION: SSN: 194-26-6491
FILE NUMBER: 2103-031 1
DECEDENT NAME: SPANGLER JOHN M
DATE OF PAYMENT: 06/26/2003
POSTMARK DATE: 06/25/2003
COUNTY: CUMBERLAND
DATE OF DEATH: 03/26/2003
ACN
· ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 $37,000.00
TOTAL AMOUNT PAID:
$37,000.00
REMARKS: DIANE FREUNDEL&JAMESAULSH
C/O VICKY ANN TRIMMER, ESQ.
SEAL
CHECK# 116
INITIALS: JA
RECEIVED BY:
DONNA M. OTTO
DEPUTY REGISTER OF WILLS
REGISTER OF WILLS
REV-1 500 EX (6-00)
COMMONWEALTH OF
' ' PENNSYLVAN IA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFRClAL USE ONLY
FILE NUMBER
21 -- 200_~3 __0311
COUN'rY CODE YEAR NUMBER
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
Spangler, John M. 194-26-6491
DATE OF DEATH (MM-DD-YEAR) I DATE OF BIRTH (MM-OD-YEAR) TH~S RETURN MUST BE F~LED IN DUPLICATE W~'i~-I THE
03/26/2003 I 02/05/1908 REGISTER OFWILLS
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
~7~ I. Original Retum [~] 2. Supplemental Return [~ 3. Remainder Return (date of death prior to 12-13-82)
~ 4. Limited Estate ~ 4a. Future Interest Compromise (date of death after 12-12-82) ~ 5. Federal Estate Tax Return Required
r~ 6. Decedent Died Testate (Attach c~py of Will) [~] 7. Decedent Maintained a Living Trust (Attach copy of Trust) 6. Total Num bar of Safe Deposit Boxes
~1 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death between t2-31-91 an~ 1-1-~5) [--~ 1 1. Election to tax under Sec. 9113(A)(AttachS~hO)
:TH:is ~ECTJ0N ~US~ BE coMPLETEb. ~[. ~ORR~SPOND~hCE ~D CONFiBi=NYIAL TAX !NFORi~TiON SHOULD BE DIRECTED ;i~:.
NAME
Vicky Ann Trimmer, Esquire
FIRM NAME (If Applicable)
Mette, Evans & Woodside
TELEPHONE NUMBER
717-232-5000
COMPLETE MAILING ADDRESS
3401 N. Front Street
PO Box 5950
Harrisburg, PA 17110-0950
Z
Z
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4, Mortgages & Notes Receivable (Schedule D) (4)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E) (5)
6. J~ Owned Property (Schedule F) (6)
L__J Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9, Funeral Expenses & Administrative Costs (Schedule H) (9)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
245~000.00
509,651.11
0.00
0.00
150~339.14
0.00
0.00
OFFICIAL USE ONLY
(8)
904,990.25
70,621.82
13,293.30
(11)
83,915.12
821~075.13
0.00
821,075.13
(12)
(13)
(14)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable et the spousal tax 0.0 0
rate, or transfers under Sec. 9116 (a)(1.2) x .00 (15)
16. Amount of Line 14 taxable et lineal rate 821~075.13 x.045 (16)
17. Amount of Line 14 taxable at sibling rate 0.00 x.12 (17)
18. Amount of Line 14 taxable at collateral rate 0.00 x .15 (1 B)
19. Tax Due (19)
20.
0.00
36,948.38
0.00
0.00
36,948.38
> > BE SURE TO ~Ns~ER ALL QUESTiO~JS O~ REVERSE SiDE AND RECHECK
2W4645 1.000
Decedent's-Complete Address:
IlS3REETRDDRESS
00 E., Chestnut Street
hiremanstown
I STATE I ~P
PA 17011
'Fax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
Interest/Penalty if applicable D. Interest
E. Penalty
0.00
37f000.00
lf847.42
0.00
0.00
Total Credits (A + B + C) (2)
Total Interest/Penalty (D + E) (3)
(1) 36~948.38
38,847.42
0.00
If Line 2 is greater than Line I + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund
(4) 1,899.04
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
(5)
A. Enter the interest on the tax due.
(5A).
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B)
Make Check Pay. able to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; ....................... [-'-I ~
b. retain the right to designate who shall use the property transferred or its income; ......... r'~ ~
c. retain a reversionary interest; or ................ ~ ............... F--] ~
d. receive the promise for life of either payments, benefits or care? ................. [-~ [~]
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ............................ ['~ r'~
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? F'-] r~
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ................................ r~
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART
OF THE RETURN.
Under penalties of perjury, I declare that I have e~mined this return, incJuding accompenying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.
Daciaretioll,,ef-R[eparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNA~E OF~ERS~_ON RES~I81~L~ FOR FILING R~ D ~TE
29 Sussex Road. Camo .H/ll.._PA 17011
SIGNATURE OF PREPARER O'rHER THAN REPRESENTATIVE DATE
ADORESS3401 N. Front Street PO Box 5950
Harrisburg, PA 17110-0950
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S.§ 9916 (a) (1.1) (i)].
For dates of death on or after Jan uary 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. § 9116 (a) (1.1) (ii)]
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or stter July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. § 9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. § 9116(1.2) [72 P.S. § 9116(a)(1 )].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% (72 P.S. § 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
2W4646 1.000
,R EV-1502EY~ + (1-97)
(~OMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF FILE NUMBER
Spangler, John M. 21-2003-0311
All real property owned solely or as a tenant In common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged
between a willing buyer and a willing seller, neither being corn pelled to buy or sell, both having reasonable knowledge of the relevant facts. Real' property which ia jointly-owned with
Hght of survivorship must be disclosed on Schedule F.
ITEM DESCRIPTION VALUE AT DATE
NUMBER OF DEATH
1, 100,000.00
301 S. Stoner Avenue, Lower Allen Township, C~mherland County,
PA, tax parcel #13-23-0555-085, as per appraisal of L.G. Connor
Real Estate Appraisers, LTD
400 East Chestnut Street, Shiremanstown, Cumberland County, PA,
tax parcel #37-23-0555-346, per appraisal of L.G. Connor Real
Estate Appraisers, LTD
145,000.00
TOTAL (Also enter on line 1, Recapitulation) $ 245,000.00
2w4695 2.000 (If more space is needed, insert additional sheets of the same size)
RE[V-1503 EX+ (1-97)
~;OMMON~VEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
Spangler, John M. 21-2003-0311
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
$100,000 Federal Home Loan Mtg Corp
$12,000 Bank of America Corp.
$140,000 Ford Motor Credit Co 7.37%
$20,000 Ford Motor Credit Co.
$30,000 Sears Roebuck Accept. Corp.
$40,000 Household Finance Corp.
$40,000 Household Finance Corp Int
$50,000 General Motors Accept.
$80,000 Daimler-Chrysler NA
1000 shares of Alaska Oil & Mineral Co.,
value
Inc. - worthless - no
102 015.53
12824.37
134 413.13
18165.16
30803.72
40.814.99
40~332.00
48.823.98
81,458.23
0.00
TOTAL (Also enter on line 2, Recapitulation) $ 509,651.11
2w4696 3.000 (If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (1-97)
CO~MONWF_.ALTH OF PENNSYLVANIA
.INHERITANCE TAX RE'RJRN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS,& MISC.
PERSONALPROPERTY
ESTATEOF FILENUMBER
Spangler, John M. 21-2003-0311
Include the ~roceeds of litigation and the date the proceeds w~re received by the estate. All prope~e/jointly-owned with the right of suwivorehlp must be disclosed on Schedule F.
ITEM
NUMBER
2
3
4
DESCRIPTION
AG Edwards Money Market Account #684-029525-014
Cash in House
PNC Bank Checking Acct #5002092909
1980 Mercedes Station Wagon - vehicle is undriveable.
repairs is more than the value of the vehicle.
1998 Nissan Maxima Sedan
2002 Federal Income Tax Refund
Capital Blue Cross Refunds
Express Scripts - Refund
Household items & personal property
Cost of
VALUE AT DATE
OF DEATH
130,570.81
616.88
618.88
0.00
10,467.50
4,000.00
1,250.00
315.07
2,500.00
150,339.14
TOTAL (Also enter on line 5, Recapitulation) $
2W46AO 2.000 (If more space is needed, insert additional sheets of the same size)
EV-1511 EX+ (%97)
COMMONWEALTH OF PENNSYLVANIA
II'~'IERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
Spangler, John M. 21-2003-0311
Debts of decedent must be reported on Schedule Io
ITEM
NUMBER
5.
6.
7.
8
9
10
FUNEP, AL EXPENSES:
Myers-Hamer Funeral Home
DESCRIPTION
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s) Diane Freundel
Social Security Number(s) / EIN Number of Personal Representative(s) 173-38-6417
Street Address 29 Sussex Road
City Camp Hill State PA Zip 17011
Year(s) Commission Paid: 2003
Attorney Fees Name: Mette, Evans & Woodside
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
ClJ~imant
Street Address
City State Zip
RelationshipofClaimanttoDecedent
Probate Fees
Accountan~sFees
Tm R~urnPreparer'sFees
PP&L
Comcast
Verizon
PA American Water Co.
Jean Freundel
Roto Rooter
- reimbursement for expenses paid to
Total from continuation pages ....
TOTAL (Also enter on line 9, Recgpitulation) $
AMOUNT
104.00
35,000.00
30,000.00
0.00
557.50
0.00
0.00
303.48
57.53
153.22
72.05
412.18
3,961.86
70,621.82
2W46AG 2.000 (If more space is needed, insert additional sheets of same size)
~.'state' of: Spangler, John M.
Schedule H, Part B -- Administrative Costs
Item
No.
Description
12
13
14
15
16
17
18
Prudential - homeowners insurance
LG Connor Real Estate Appraisal - 2 appraisals
Bonnie K. Miller, Tax Collector
School Taxes for 301 S. Stoner Avenue, Shiremanstown
Judy C. Prowell,Tax Collector
School Taxes for 400 E. Chestnut Street,
Shiremanstown
Harrisburg Hauling ·
Lower Allen Township - sewer
AG Edwards - Account services fee
Page 2
21-2003-0311
Amount
69.00
600.00
1,265.66
1,887.55
31.65
48.00
60.00
TOTAL. (Carry forward to main schedule) ...... 3,961.86
REV-1512 EX+ (1-97)
COMMdNWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
$CHEDULEI
DEBTS OF DECEDENT,
MORTGAGELIABILITIES,& LIENS
ESTATEOF FILENUMBER
Spangler, John M. 21-2003-0311
Include unreimbumed medical expenses.
ITEM
NUMBER D~CRIP~ON
1, Checks written prior to death
American Lung Association - $5.00
L. Joy Scott - $3,002.13
Hively Farm & Nursery, Inc. - $385.00
Luella Shurman - $234.00
Griswold Special Care - $608.75
Harriet Conrad - $117.00
2 Verizon - telephone
3 Keystone Oil
4 PA American Water Co.
5 Comcast
6 Metre, Evans & Woodside - predeath legal fees
7 Lower Allen Township - sewer
8 Lower Allen Township - sewer
9 PP&L
10 Harrisburg Hauling
11 C,~mBerland Apothecary
TOTAL (Also enter on line 10, Recapitulation) $
AMOUNT
4,351.88
138.93
179.95
42.15
79.27
8,042.90
26.40
26.40
313.77
31.65
60.00
13,293.30
2W46AH 2.000 (If more space is needed, insert additional sheets of the same size)
REV-1513 EX+ (9-00)
' COMMOI'~VEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF
Spangler, John M.
NUMBER
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLEDISTRIBUTIONS[includeoutrights~usaldi~ributions, andtmns~m
underSec. 9116(a)(1.2)]
Freundel, Jean
407 E. Chestnut Street
Shiremanstown, PA 17011
Freundel, Michael
417 E. Chestnut Street
Shiremanstown, PA 17011
Freundel, Sherry A.
301 S. Stoner Avenue
Shiremanstown, PA 17011
Borelli, J. Marjorie
465 S. Geyers Church Road
Middletown, PA 17057
Real Estate Trust
c/o Diane Freundel
29 Sussex Road
Camp Hill, PA 17011
FILE NUMBER
21-2003-0311
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
Daughter
Grandson
Granddaughter
Daughter
Trust
AMOUNT OR SHARE
OF ESTATE
314,053.81
73,750.00
84,217.50
314,053.82
35,000.00
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II.
NON-TAXABLE DISTRIBUTIONS:
a. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 0.00
2W46A~ 4.000 (If more space is needed, insert additional sheets of the same size)
E~tate ~f: Spangler, John M.
Schedule J Part I -- Beneficiaries
Page 2
21-2003-0311
Item
No. Name and Address of Person(s) receiving property
Relationship
Amount or
Share of Estate
Tesfarnenf
JOHN M. SPANGLER
I, JOHN M. SPANGLER, of Shiremanstown, Cumberland County,
Pennsylvania, do make, Publish and declare this to be my Last Will and Testament,
hereby revoking all Wills and Codicils by me at any time made.
ITEM I: I direct that all inheritance and estate taxes
becomin~ due by reason of my death,, whether such taxes may be payable by my
estate or by any recipient of any property, shall be paid by the Executor out of the
property passing under ITEM ¥ of this Will, as an expense and cost of
administration of my estate. The Executor shall have no duty or.obligation to':
obtain reimbursement for any such tax so paid, even' though on proceeds of
insurance or other property not' passing under this Will.
ITEM II: I give, devise and bequeath my residence
located at400 East Chestnut Street, 'Shiremanstown, Pennsylvania, including all of
my household goods, furniture and furnishings, including books, piCtures and
silverware and other articles of household use located therein, to my
great'grandson, MICHAEL FREUNDEL, and my granddaughter, SHERRY A.
FREUNDEL, as joint tenants with right of survivorship. If neither of them fails to
survive me, I direct my Executor to sell my said residence and personal property
Page
and add the net proceeds from the sale thereof to my residuary estate to be
distributed in accordance with ITEM V.
I give and bequeath the sum of Thirty-five Thousand ($35,000) Dollars
to PNC BANK, N.A. as Trustee (hereinafter referred to as ';Trustee"), IN TRUST to
be administered and distributed as follows:
(a) Trustee sh~ll pay all of the net incOme of this Trust and sO much o~
the principal of this Trust as may be necessary in the sole discretion of the Trustee
to pay for the real estate taxes and assessments, fire and casualty insurance
premiums, and maintenance and repairs to 400 East Chestnut Street~
Shiremanstown, Pennsylvania.
(b) Except as specifically provided in sub-paragraph (a) of this Item, my
said granddaughter and my said great-grandson shall pay all other expenses:.
incident to the ownership of my residence. Upon the expiration of fifteen (15).years
from the date of my death (provided that either my said granddaughter or my said
great-grandson continues to own said property) the Trustee shall distribute the
remaining assets of the Trust equally to my said great-grandson and my said
granddaughter whereupon this Trust sba_II termiuate. If neither my said
granddaughter nor my said great-grandson is then living or upon sale of the
property at any time during the aforesaid fifteen (15) year period, the Trustee shall
distribute the remaining assets of the Trust to my then living children and issue of
deceased children per stirpes."
ITEM III: I give and bequeath my Nissan automobile to
· my granddaughter, SHERRY A. FREUNDEL, if she survives me. I give and
bequeath all other automobiles which I own at the time of my death and all policies
of insurance thereon to my great-grandson, MICHAEL FREUNDEL, if he survives
me.
Page 2
ITEM/V: - I may leave a written statement or list in with
this Will disposing of certain items of my tangible personal property not otherwise
specifically disposed of herein. Any such statement or list in existence at the time of
my death shall be determinstive with respect to all items devised therein, If no
written statement or list is found with this Will or elsewhere and properly identified
by the Executor within thirty (30) days al~er the probate of my Will, it shall be
presumed that there is no such statement or list; any subsequently discovered
statement or list shall be ignored.
Any item of tangible personal property not
contained on any written statement, or if no written statement is found, I give and
bequeath absolutely and in fee simple all of my household furniture and furnishings,
books, pictures,, jewelry, silverware, automobile~, wearing apparel, and all other
articles of household or personal use or adornment not otherwise so devised, and all
policies of insurance thereon, to my daughters, JEAN L. FREUNDEL and J.
MARJORIE BORELLI, to be divided between them as they shall agree. Should
there be no agreement, such property shall be divided between them by the ..
Executor in as nearly equal portions as is deemed practical in the sole discretion of
the Executor having due regard to the personal preferences of my said.daughters. I ·
direct the ExeCUtor to sell all of my tangible personal property not otherwise chosen
by my daughters and add the net proceeds from the sale thereof to my residuary
estate to be distributed in accordance with ITEM V of this Will.
_ITEM V: I give, devise and bequeath all of the rest,
residue and remainder of my estate not disposed of in the preceding portions of this
Will in equal sh~res to my daughters, JEAN L. FREUNDEL and J. MARJORI~
BORELLI. If either of my said daughters fails to survive me, the share Of my said
deceased daughter shall be paid to the then living issue of my said deceased
daughter, per stirpes. If at the time of my death I own residential real'estate situate
at 301 South Stoner Avenue, Shiremanstown, Lower Allen Township, Cumberland
County, such real estate shall be distributed in kind to my daughter, JEAN L.
FREUNDEL, as part of her share of my residuary estate.
Page 3 ~ _
ITEM VI: No interest of any beneficiary under this Will'
or any Codicil hereto shall be subject to anticipation or voluntary or involuntary
alienation, and the personal receipt of such beneficiary shall be the sufficient and
only discharge of Executor unless otherwise provided herein.
ITEM VII: In the settlement of my estate, the Executor
- s]~ll possess, 9mong others, the following powers:
(a) To retain any investments I may have at my death,
'including specifically those consisting of stock of any bank even if I have
named 'such bank as the Executor herein, as long as the Executor may
deem it advisable to my estate so to do.
(b) To.vary investments, when deemed desirable by the
Executor, and to invest in such bonds, stocks, notes, real estate
mortgages or other securities or in such other property, real or personal,
as the Executor shall deem wise, without being restricted to so-called
"legal investments", and without being limited by any statute or rule of
law regarding investments by fiduciaries.
(c) In order to effect a division of the principal of my estate or
for any other purpose, including any.final distribution, the Executor is
authorized to make said divisions or distributions of the personalty and
realty partly or wholly in kind, and to allocate specific assets among
beneficiaries hereunder so long as the total market value of any share is
not affected by such division, distribution or allocation in kind. ShoUld
it appear desirable to partition any real estate, the Executor is
authorized to make, join in and consummate partitions of lands,
voluntarily or involuntarily, including giving of mutual deeds,
recognizances or other obligations, with as wide powers as an individual
owner in fee simple.
Page
(d) To sell either at public or private sale and upon such terms
and conditions as the Executor may deem advantageous to the estate,
any or all real or personal estate or interest therein owned by the estate
severally or in conjunction with other persons or acquired after my
death by the Executor, and to con~_~_mmate said sale or sales by
sufficient deeds or other instr~ments to the purchaser or purchasers,
conveying a fee simple title, free and clear of all trust and without
obligation or liability of the purchaser or purchasers to see to the
application of the purchase money or to make inquiry into the validity of
said sale or sales; also, to make, eXecu/e, acknowledge and deliver any
and all deeds, assignments, options or other writings which may be
necessary or desirable in carrying out any of the powers conferred upon
the Executor in this paragraph or elsewhere in my Will.
(e)
To mortgage real estate, and to make leases of real estate.
(f) To borrow money from any party, including the Executor,
to pay indebtedness of mine or of my estate, expenses of administration
or inheritance, legacy, estate and' other taxes, and to assign and pledge
assets of my estate therefor.
(g) . To pay all costs, taxes, expenses and charges in connection
with the administration of my estate.
(h) To make distributions of income and of principal to the
proper beneficiaries thereof, during the administration of my estate,
with or without court order, in such manner and in such omounts as my
Executor deems prUdent and appropriate.
(i) To vote any shares of stock which form a p.art of the estate,
and otherwise to exercise all the powers incident to the ownership of
Page 5
such stock.
(j) In the discretion of the Executor, to unite with other
owners of similar property in carrying out any plans for the
reorganization of any corporation or company whose securities form a
part of the estate.
(k) To disclaim any interest in property which would devolve -
to me or my estate by whatever means, including but not limited to the
following means: as beneficiary under a will, as an appointee under the
exercise Of a power of appointment, as a person entitled to take by
intestacy, as a donee of an inter vivos transfer, and as a donee under a
third-party beneficiary contract.
(1) To do all other acts in the Executor's judgment deemed
necessary or desirable for the proper and advantageous management,
investment and distribution of the estate. '
ITEM VIII: Any person who sh_~ll have died at the same
time as I shall have, or in a common disaster with me, or under such circumstances
that the order of our deaths cannot be established by proof, or within thirty (30)
days of my death, shall be deemed to have predeceased me.
ITEM IX: If at any time any m~uor child shall be
entitled to receive any assets hereunder, PNC BANK, N_~. shall act as Guardian of
the assets payable to such child. Such Guardian may receive and administer all
assets authorized by law, and shall have full authority to use such funds in any
mormer it shall deem advisable for the best interests of such child. Said.Guardian
shall have all the rights and privileges as to the Guardianship(s) and its 'assets as are
herein granted to the Trustee and Executor as to the Trusts and my estate and the
assets therein. I also designate said Guardian as successor custodian of any
property for which I am custodian under any Uniform Gii~s to Minors Act.'
ITEM X: I hereby nominate, constitute and appoint my
granddaughter, DIANE FREUNDEL, to be the Executrix (referred to in this Will as
Page 6 . .~
'rExecutor"). In the event of her death or her inability or refusal to serve, I
nominate, constitute and appoint PNC BANI~ N.A. to be the Executor. The
Executor, Trustee and G~,_~rdian are specifically relieved from the duty or obligation
of filing any bond or other security.
IN WITNESS WHEREOF, I have set my hand and seal to this, my Last
Will and Testament, consisting of this and the preceding six (6) pages, at the end of
each page of which I have also set my initials for greater security and better
identification this ~.~4X-day of /T/ ~le. c/-. ,2001.
JOHN M. SPANGLER
We, the undersigned, hereby certify that the foregoing Will was signed,
sealed, published and declared by the above-named Testator as -nd for his Last Will
and Tes~ment, in the presence of us, who, at-his request and in his presence and in
the presence of each other, have hereunto set our hands and seals the day and year
first above written, and we certify that at the time of the execution thereof, the said
Testator was of sound and disposing mind and memory.
(SEAL)
AFFIDAVIT
COMMONWEALTH OF PENNSYLVANIA
)
) SS:
)
We, _ .~ ~ C~ [~' k_ ,-~J~--~g~. A~ v~ ~f~_ and
/V/~f/~/~/~.,'~'~-', the Witnesses whose n~es are signed to the attached
or foregoing instrument, being duly qu,lified according to law, do depose.and say
that we were present and saw Testator, JOHN M. SPANGLER, sign and execute
the inst~,ment as his Last Will and Tes~ment; that Testator signed willingly and
that he executed said Will as his free and voluntary act for the purposes therein
expressed; that each of us in the hearing and sight of the Testator signed the Will as
Witnesses;. and that to the best of our knowledge the Testator was at that time
eighteen (18) or more years of age, of sound mind and under no constraint or undue
influence. - ·
~(~--~tness/ Z~r-~Witne~-- ~ -
Witness
Sworn to and subscribed
before me this ~3~-day
of c~,~.~ ,2001.
~' Notary
My Commission
Expires:
(SEAL) .
ACKNOWLEDGMENT
COMMO~ALTH OF,PENNSYLVANIA ),
COUNTY OF /~~, ) )SS:
I, JOHN M. SPANGLER, Testator, whose name is signed to the
attached or foregoing instrument, having been duly qualified according to law, do
hereby acknowledge that I signed and executed the instrument as my Last Will and
Testament; that I signed it willingly; and that I signed it as my free and voluntary
act for the purposes therein expressed.
JOI-Rq M. SPANGLER
(sEXL)
Sworn to and subscribed before
me this ~-~e-day of
~ ,2001.
My Commission Expires:
:251751 _I
CODICIL TO THE WI~,T,
OF
JOHN M, SPANGLER
I, JOHN M. SPANG!.ER, of Shiremaustown, C~,mberland County,
Pennsylvania, the within named Testator, do hereby make and publish this Codicil to
my Last Will and Testsment dated March 23, 2001.
I hereby modify said Last Will and Testament as follows:
ITEM I:
Testament as follows:
I hereby amend ITEM X of my said Last Will and
"ITEM X: I hereby nominate, constitute and appoint my
granddaughter, DIANE FREUNDEL, and JAMES A. ULSH to be the
Executors. In the event of the death or inability or refusal to serve of
both of them, I nominate, constitute and appoint PNC BANK to be the
Executor. The Executor, Trustee and Guardian are specifically relieved
from the duty or obligation of fding any bond or other security."
In all other respects I con/rrm and ratify my aforesaid Last Will and
Testament dated March 23, 2001.
~[ dayof
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
We, the undersigned, hereby certify that the foregoing Codicil was
signed, sealed, published snd declared by the above-~ed Testator ss aud'for a
Codicil to his Last Will and Testsment, in the presence of each of us, who, at his
request snd in his presence and in the presence of each other, lmve hereunto set our
hands and seals the day snd year above written~ aud we certify that at the time of the
execution thereof, the ssid Testator wss of sound snd disposing mind and memory.
(SEAL) Residing
,(SEAL) Residing at
· ~-7079~ _1
AFFIDAVIT
COMMONWEALTH PENNSYLVANIA
)
· ) SS:
)
t the~attached
..., the Witnesses whose names are signed to
or foregoing instrument, being duly q~j_olified according to law, do depose and say that
we were present and saw Testator, JOHN M. SPANGLER, sign and execute the
instrument as a Codicil to his Last Will and Test~ment;'that Testator signed willingly
and that he executed said Codicil as'his free and voluntary act for the purposes
therein expressed; that each of us in the hearing and sight of the Testator signed the
Codicil as Witnesses; and that to the best of our knowledge the Testator was at that
time eighteen (18) or more years of'age, Of sound-mind and under no constro~t or
undue influence.
Witness
Sworn to and subscribed
before me this 3]~ day
of ~4 aS ~ ,2001.
My Commission Expires:
· Kenwo~thy, ~o~ao/pub!~ ~
aretM O~ hin'~U
Notades
:2707~94
AcKNOWLRDG1V[ENT
COMMONWEALTH OF PENNSYLVANIA )
) SS:
I, JOHN M. SPANGLER, Testator, whose name is signed ~o the attached
or foregoing instrument, having been duly qualified according to law, do hereby
acknowledge that I signed and executed the instrument as a Codicil to my Last Will
and Testament; that I signed it w/l]ing]y; and that I signed it as my free and
voluntary act for the purposes therein expressed.
J~ M.. SPANGLER
Sworn to and subscribed before
/~ethis 3/z 9 day of
l~y Commission Expires:
(SEAL)
(SEAL)
:270794_1
APPRAISAL OF REAL PROPERTY
LOCATED AT:
301 $. Stoner Avenue
Lower Allen Township, Cumberland County
Shiremanstown, PA 17011
FOR:
Tina Otto, Esquire
3401 N. Front Strat, Harrisburg, PA 17110
AS OF:
March 26, 2003; Date of Death of John Mi Spangler
BY:
Pamela M. Reitenbach
Pa State Certified General Real Estate Appraiser
and
Karen Damey
Pa State Certified General Real Estate Appraiser
L. G. Connor Real Estate Appraisers, LTD
Form GA1 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
File No. 03-528
July 15, 2003
L. G. Connor Real Estate Appraisers, LTD
2159 Market Street
Camp Hill, PA 17011
Mette, Evans & Woodside
ATTN: Tina Otto, Esquire
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
RE:
Estate of John M. Spangler
301 S. Stoner Avenue
Lower Allen Township, Cumberland coUnty
Shiremanstown, PA 17011
Dear Ms. Otto:
Pursuant to your request, we have prepared a COMPLETE APPRAISAL,
SUMMARY REPORT of the property captioned in the "Summary of Salient
Features" which follows.
The accompanying report is based on a site inspection of improvements,
investigation of the subject neighborhood area of influence, and review of
sales, cost, and income data for similar properties.
This appraisal has been made with particular attention paid to applicable
value influencing economic conditions and has been processed in
accordance with nationally recognized appraisal guidelines.
The opinion of retrospective value conclusion stated herein is of the date of
death of John M. Spangler on Mar~h 26, 2003; as stated in the body of the
appraisal, and contingent upon the certification and limiting conditions
attached. The purpose of this report is to determine an opinion of the
retrospective market value of the subject property for estate settlement
purposes. The date of inspection was on June 20, 2003.
Please do not hesitate to contact me or any of my staff if we can be of
additional service to you.
Respectfully,
~' ~!~a~c~i~Y~fi~e'~4~G~e~/a~l A p p r a i s.er
Form DCVR -- 'TOTAL for Windows" appraisal software by a la mode, [nc. -- 1-800-ALAMODE
SUMMARY OF SALIENT FEATURES
Subject Address
Legal Description
cr~
County
State
Zip Code
Census Tract
Map Reference
301 S. Stoner Avenue
Deed Book 210, Page 745
Shiremanstown
Cumberland
PA
17011
3240-0112.00
NA
Sale Price
Date of Sale
$ NA
NA
BmTower / Client
Lender
Tina Otto, Esquire
NA
Size (Square Feet)
Price per Square Foot
Loc~on
Age
Condition
Total Rooms
Bedrooms
Baths
1,188
Average
48 Years
Fair
5
3
1
Appraiser
Date of Appraised Value
Pamela M. Reitenbach, PA State Certified General Real Estate Appraiser
March 26, 2003; Date of Death of John M. Spangler
Final Estimate of Value $100,000
Form SSO -- "TOTAL for Windows" appraisal sof~vare by a la mode, inc. -- 1-800-ALAMODE
UNIFORM RESIDENTIAL APPRAISAL REPORT R. No. 03-528
301 S. Stoner Avenue City Shiremanstown State PA Tip Code 17011
Deed Book 210 - County Cumberland
13-23-0555-085 Tax Year 02-03 R,E. Taxes $1,758.08 Suecial Assessments $ 0.~0 --
Borrower NA Current Owner The Estate of John M. Spongier Occupant:. i Owner ~,~ Tenant Vacant
Leasehold Pmlect Type ~ PUD , Condom num (HUD/VA only) HOA $ NA ~Vto.
Lower Allen Township Map Re~erence NA Census Tact 3240-~_ !~1.2_.,.00 ....
NA Date of Sale NA Descri~on and S amo~_d loan charoes/concessions to be eaid by seller. ~ ...........
Tina Otto Address 3401 N. Front Stret, Harrisburg, PA_ _1~110
Pamela M. Reitenbach Cert Gen RE Address 2159 Market Street . PA 17011
Location Predominant Pr~ent land use % ' Land use change
Built up X Over 75% 25-75% i. Under 25% occupancy $(000) (yrs) One family 92 X Not likely Likely
Growth rate , Rapid X Stable : Slow X Owner 70 Low. 15 2-4 famify 2 : In process
Property values Increasing X Stable Oeclining Tenant __ Multi-famgy .... 1_....i To:
Demand/supply ' '. Shortage X In balance . Over supply X Vacant (0-5%) __ __ Commercial
Note: Race and the racIM compo~itJoe of tho neighborhood arm not appraisal f~ctorso
Neighborhood boundmtas and characteristics: ' The neighborhood boundaries are indicated on the enclosed neighborhood map in the addenda of this
Factors that affect the marketabli'~ of the proper'dos in the neighborhood (pro~dmlty to employment and amenities, employment stability, appeal to maker, otc,):
i Township, ~uet south ortho Borough of Shiremanstown. Schoola, shooPinq, employment, recreation and
houses of worship are all within a 10.-20 minute commute ortho subject properly. Average property maintenance programs were observed.
and the .Nava..._~l Supply De_..EO_t i_.~.n
Mechanicsburg, as well as the expanding west and east shore areas. Steady price increases and MLS statistics indicate a stable demand for
the area. Subject's appeal is it's convenient location centrally located between C__amp Hill and Mechanicsburg.
Market conditions in the subject neighborhood (including support for the above conclusions related to the b'end of property values, demand/supply, and marketing time
- such as data on competitive proposes for sale in the neighborhood, desc~pUon of the prevalence of sales and financing concessions, etc.):
The search of county tax records and the MLS service show prices stable. The MLS service indicates that the typical .property pe_~lls_.in_3-6
months. Mortgage funds are readily available from a variety of sources with conventional loans being 4:7_5°/_o.L_o 5_..1_2_5%,__95_% mortgage~ Up_.~o_3
Sellers are not required to offer sales or financing concessions, howev, e_r, seller assistance is occurring:
Project Intorm~on f~ PUDs (ff applicable) - - Is the developer/builder in cona~i of the Home Owners' Association (HOA)? Yes No IdA
Approximate total number of units in the subject project NA Approximate total number of units for sale in the subject project .... IdA .....
Descn"oe common elements and recreational facilities: NA
Dimensions See legal descriptions within addenda of report.
Site area 17,984 square feet or .41 acre; per legal description Comer Lot: Yes X No
Specific zoning classification and descripfloa R-l, Single Family Established Ftesidentiat
Zoning compliance ~X~ Legal ~ '~ Legal nonconforming (Grandfahered use) [~ ] Illegal i. No zoning
LItRitle~ Public
aec~c~y X
Gas
Water X __
San/toy sewerX
~rm sewer ~
Present uss
~"; Other use
Oti-ettslmprovements Type Public Pdvate
Sti'eet Macadam X
__ Curb/gutter None
Sidewalk None .
~'eet lights Adequate _ X
Nley None
__ Topography Generally_ I~e_ve_l ..............
Size Typical for area
Shape _Irregular ...................
Drainage Appea rs_ Adeg.~ u_a. te_ ...........
View Avera. gp_ ..................
Landscaping Avera.9~. ...................
Ddveway Surface Maca. da_.rn_ .............
Apparent easements Standard Utility/R.O_..W.
FEMA Special Rood Hazard Area Yes X
FEMA Zone __.._C__.. Map Date ?.3_0:_1.9..7.~t __
~_E_MA Map No. _4. 21~0!_6B ....................
Comments (apparent adverse easements, encmechments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): Standard
easements for electric, telephone, etc. There are no known or apparent advers_~.e_asements, encroachment or conditions no_[ed_.__A_c~_..rd, lng to
Diane Freundel the driveway ~ ~tedng the property and a small portion of the parkin~ area is located on the adioinin~ property. (See ~ddenda)
GENERAL DESCRIPlqON EXTERIOR DESCRIPTION FOUNDATION BASEMENT !INSULATION
No. of Units One Foundation Concrete/Block Slab NA ........ Area Sq. Ft. !.~188 i Roof
No. of Stodes One Exterior Walls Frame/Brick Crawl Space _N__A % Rnished 80 +_/- . ~ ICa/ling
Type (Det./Att.) Detached Roof Surface Shingle ........ S~sement Full ......... Ceiling S. Tile' Walls
Design (Style) Ranch Gutters & Dwnspts. Alum/Alum Sump Pump ~IA '* Walls -~"~in~' - IFIoor
Existing/Proposed Existing Window Type Wood Swing Dampness None Noted Rcor
Age (Yrs.) 48 __ Storm/Screens Yes/Yes Set'dement Due to Age Outside EnVy Yes . _.jUnlma~___ .....
Effective A~e (Yrs.) 25 +/- Manufactured House No Infestation None Noted
~lly Rm. I Rec. Rm. I Sedroo~_~. ~_~AL£__Laundr~_l. _~_e.L .L_ N~..So~,~ ,
a-~g.m;nt ] J____ ! ..... __x._ .£..
Rnished area above qrsde contains: 5 Rooms; 3 Bedroom(s}; 1 Bath{s); 1T188 Square Feet of Gross LMq Area
INTERIOR Materials/Condition HEAT1NG FJTCHEN EQUIP. I ATTlC I AMENITES ! CAR STORAGE:
Roors CrptJVVood/Vinyl/Fair Type H, Water Refrigerator ~.. None I FIreplace(s) # .~_n_e_ ~ , None
Walls Plaster/Paneling/Ayg Rial Oil Range/Oven ~x~ Stairs i Patio Garage # of cars
Trim/Finish Wood/Avg Condition Avg Disposal Drop Star [Deck -~;ide ........ ~ . Attached ...........
Bah Roor Vinyl/Fair COOUNG None Dishwasher I Scuttle ~ Porch Breezeway._ ~ ,. Detached
SahWalnscot Fiberq. lase~Av_-'v_-~------- Central Fan/Hood ~ Floor IFence Partial ~ Built-in .
Doors iNood/Average ---- Other Microwave Heated iPool '--- ~ .... Carport
~Conditton Washer~ryer Finished i Partial fenCi~9 ' ~X~ Driveway '1 Car
Additional features (special energy efficient items, otc,): The subje_ct property has_9oil, hot yV_a.t_e.E he_a_~. .
-Condition of the mprovements deprec ation ~Dhvsical funcbonal and exter~ reDa/rs need~-;~ o~ c~net~:~/i~d'~ii'~'~ed~s.'~:'. ........ ~ee-.~dd~d~-
Adhere envi=me.~ coed.ohs (s.ch as. bnt,ot ~,~lted ~. h~dous w~s, ~o~o subs~nce;i ~;~-~;.-2F..'th;~-,7;v~~i ;~;~n the '
immediate vicinity of the subject properly.: There are no known or apparent adverse environmental conditions that would negativei, y_ impact on the
value of the property. {See Addendum)
Freddie Mac Form 70 6/93
PAGE 1 OF 2
FOm~ UA2 ~ "TOTAL for Windows' appraisal software by a ia mode, inc. -- 1-800-ALAMODE
Fannie Mae Form 1004 6/93
vamatlo~ UNIFORM RESIDENTIAL APPRAISAL REPORT FlleNo. 03-528
ESTIMATED SITE VALUE
ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS:
Dwelling__ 1,188 Sq, R. @$ ~ = $
FL@$ __ =
= $ _ _3__0.0_0_~_0
Garage/Carport 266 Sq, FL @$ __ =
Total Estimated Cost New = $
Less PhysicaJ Functional Extemai
Depreciation I I =$
Depreciated Value of Improvements : . =$
"As-is" Value of Site Improvements =$
INnlCATED VALUE BY COST APPROACH ......... =$
ITEM J SUBJECT NO. 1
301 S. Stoner Avenue 13 Walnut Street
Address Shiremanstown PA Shiremanstown PA
0.36 miles
Data and/or
VALUE ADJUSTMENTS
Sales or Financing
Location
View
Inspection
H. Records
DESCRIPTION
79.83
MLS; Agent
Court House Records
DESCRIPTION +.(-)$ Adjust..
Other
None/8 DOM
12-30-2002
Comments on Cost Approach (such as, source of cost estimate, site value,
square foot calculation and for HUD, VA and FmHA, the estimated remaining
economic life of the property):
!n an excellent estimate to value if the building, is new or
_reasOnably new, a.nd t___he improvements reflect the
.b_est u____~_o_f the land. However, when items of physical
deterioration and obsolescence must be estimated_l_an__area of
'ud~t is involved which is subject to error. The Cost
Approach was not utilized due to the
and the amount of deferred mainte_na_n..ce_....
30,000
COMPARABLE NO. 2 COMPARABLE NO. 3
314 W. Green Street
~hiremanstown, pA ........
0.77 miles
202 S. Stoner Avenue
Shiremanstown, PA_
0.07 miles
81.17 / 109.71 /
MLS, Agent MLS, Agent
House Records_ .......... Court H_ouse Records
OESCRiPTION DESCRIPtiON
Conventional Conventional
None/I_4.DOM .......... None/17 DOM
4-09-~_00__~_2 ........... 5-31-20_0_2....
Acre .26 Acre
Ranch Ranch
~ of ConstrucUon Frame. Brick Cedar/Frame
48 Years 39 Years
Condition Fair -20
Above Grade Bdrms Baths
Room Count 5 3 I 6 3 1.5 -1,500
Basement & Rnished Full Bsmt. Full Bsmt.
Rooms Below Grade Rec/Bath/Wet Ba Unfinished
Hot Water - None FHA - None
xl
Pomh, Patio, Deck, BW/Deck Patio .~O0
None +1,5~Q
Partial fence
.21 Acre .31 Acre
Ranch Ranch
Bri .cldAlum .......... . .... Brick
38 yea_rs ........
Total' B_d_rcn_s__ Baths_ Total Bdrms. Baths
6 .... 3 .... 1_.5__. -1,500 6 .. 3.. 2._ -2,500
.?~.3g. S~..~ ....... 0 _ 1,226_ S~.Ft ......
Full Bsmt, Full Bsmt.
Unfinished ......... Fam/De.n ......
· Average ..............
H. Water - None . H. Water: CA~ ..... -._3.~00~0
Off Street_ ...................
' Encl. Porch/Patio Porch/Patio -
, Fireplace
RefN~_as_h_e_r/D rye -700 Shed/Microwave -100
Adjusted Sales Pdce
Comments on Sales Comparison (including the subject property's compaitbigty to the neighborhood, etc,): All sales selected ara located within the subject'~
immediate .neighborhood. Adjustments were made to reflect substantial differences between t_h~ _comparable proper .....
~stments that were made reflect the typical actions of buyers and sellers in the m~ __
were obtained from Cumberland County Tax Assessm.en.t__Rec. o_r.d_s= ._L~_ee.A~tc~pnda) .....................
IrE. SUBJECT COMPARABLE "0.1 ~-T :' -~6~PAR~'8"L~' ~O: 2:" '~' '":
Date, Price and Data 10-2g-1999 i~ne /N°ne / None
Soume, for prior sales $124,900 INA [NA
Cd Hse Records Court House Records ...... ]Court. Hous_~' Re_cords ...... ! (~,ourt Hous__e Rej~.__nds___
Analysis of any current agreement of sale, option, or listing of subject prope~ .and analysis of any prior sales of subject and comparables within one year of the date of appraisal:
_Qt_he_~- prior.s~les of the comparable properties occurred m.o_re_t_h.a__n_a..y~ar ago. The qu~j~p_r~perty is no/t_c_u ~q3~_ nUy cffe.?ed..fo~ sale nor under
The subject property has not changed hands within the_pa_st ~l:q'_ee_y~.a_.rs_._ _
INDICATED VALUE BY ~ALES COMPARISON APPROACH $. _..1. O0
INDICATED VALUE BY INCOME APPROACH Cf Applicable) Estimated Market Rent $ ......... /Mo. x Gross Rent MultiPlier_ _ = $ ........
This appraisal is made ~ "as is" ....' subject to the repairs, aiteratioos, inspections or conditions listed below subject to comple~on per plans & specifications.
Conditions of Appraisal: No warranty of the appraised is given or implied. No liability [s assumed for the structural or mechanical elements of the
roe ..........................................
Final Reconciliation' Due to the lack of quantity and quality of rental data, the Income Approach was considered ina ro riate and not utiii~
r ' - .............. PP * p ......... -' '---'
Greatest weight was given to the Sales Comparison Approach it reflects the typical actions of burr & sellers in the market place. Cost
e purpose of this appraisal is to esfim~ the market value of the real property that is the subject of this report, based on the above conditions and the cerlffic~on, contingent
and limi~ng conditions, and market value definition that are stated in the attached Freddie Mac Forrr{ 439/FNMA form 10040 (Revised June 1993 ).
I ~E) ESTIMATE THE MARKET VALUE, AS DERNED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT AS OF ........ ~ch 26~ 2003
(WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $/ 100~000 ...........
~S~, ,a'mre ~r', ~ __. ~ ..... T:'. ~ .... Si~atu~/_.~.~ ~__.~.~,//~.~.// X Did Did Not
Name Pa_mela M. _Reitenbac--'R~. ~ Gen. Real Ekta-a e A~raisej' Name 'K/are"'~a'r~ey, Cert. Gert RE Appraiser~ Inspect Property
Date ReportSiqned July 15, 2003 Date Report Signed July 15, 2003
State Cer'dtication # GA001804 .... St~t~.e. P~. . S_tq~e Cer~[ficatio.[~ #_. GA-00! 260-L ............. _S~at._~e _P_A
Or State License # State Or State License # State
Freddie Mac Form 70 6/93
PAGE 2 OF 2 Fannie Mae Form 1004 6-93
Form UA?. -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
UNIFORM RESIDENTIAL APPRAISAL REPORT
MARKET DATA ANALYSIS
market reaction t
inu.s
us ~+)
ITEM J SUBJECT
301S. StonerAvenue
Address PA
Sales Price
Data and/or Inspection
Soumes C~ H. Records
VALUE ADJUSTMENTS
Sales or Rnancing
Concessions
OESCRIPTION
ldii;at~d value of the-subject.
g the indicated value of the subject.
COMPARABLE NO. 4 COMPARARLE NO. 5 COMPARABLE NO. 6
201 E. Walnut Street
PA
0.33 miles
/ /
MLS; Agent
Court House Records
DESCRIPTION _ _DESCRIPTION ....... .+.{-)$.._Adju~:.. DESCRIPTION" ..... ~_(.?.~$'.A-d~t.. ~
Other
None/261 DOM
Location
1-25-2002
Site .41 Acre .18 Acre
View
+500
-500
Total Bdrms 'Ba~h-s
__ and Appeal Ranch Ranch
of Construction Frame. Brick Brick
48 Years
Condition Fair
Above Grade Bdrms Baths
Room Count 1
Basement & Finished Full Bsmt. Full BsrdL
Rooms Below Grade Rec/BatWWet Ba Unfinished
Hot Water - None ~ - CA
On Street
Porch, Patio, Deck, BW/Deck Patio
None
Pool, etc. __ Partial fence Ref/Microwave
Adjusted Sales Price
Date, Price and Data 10-29-1999
Source for prior sales $124,900
Crt Hse Records
Comments:
None
Court House Records
Market Data Analysis 6-93
Form UA2.(AC) -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
Supplemental Addendum R,e No. 03-528
IB~lTower/Client
PropkrLyAddress 301 $. Stoner Avenue .........
C~ Shiremanstown County Cumberland State PA --
Lender Tine Ottor Esquire
SITE, Cont'd:
Ms. Freundel indicated that a right-of-way (easement) agreement is entered into annually for use of this area; with
no fee being charged. Your appraisers were not supplied with a copy of the right-of-way agreement. It is not
assumed that the right-of-way will have an adverse effect on the subject. Should a fee be charged for use of this
area, or if there are any atypical terms associated v~ith this agreement we reserve the right to review and or revise
this report and conclusion of value stated within.
IMPROVEMENTS, Cont'd:
Following is a list of repairs which need to be done to the home: The home has a strong pet odor, which includes
the enclosed breezeway. There is a step leading from the living room to the breezeway which is very steep and
should be replaced for safety purposes. The entire interior needs repainted; all carpets are worn and need replaced.
Hardwood floors need sanded and refinished to move pet odor. All exterior wood trim needs scrapped and painted.
The kitchen and bath are dated, worn, and need updated. The entire interior and exterior of the home needs a
general cleaning. For appraisal purposes it is assumed that repainting the home; replacing all floor coverings;
sanding hard wood floors, and giving the home a general cleaning will remove the pet odor. In the event more
extensive repairs (replacing sub-flooring and/or plaster) is needed we reserve the right to review and/or revise this
report and conclusion of value stated within.
The home is in fair condition. Based on maintenance, condition and comparison neighborhoods, the estimated
effective age is below the actual age. Physical depreciation due to age and deferred maintenance. No economic
obsolescence noted. Curable functional obsolescence due to pet odor. noted.
ADVERSE ENVIRONMENTAL CONDITIONS. Cont'd:
The property is of an age where lead based paint may be present. The market does not penalize the property, but
the client should be advised of it's possible existence. It is assumed that it is not present. If the client has a concern
then a qualified expert in the area should be contacted.
SALES COMPARISON APPROACH, Cont'd
All sales were adjusted to reflect the subject's need for repairs as identified within the improvements section of this
report; with the exception of Sale #2. According to the listing agent Sale #2 was in fair condition at the time of sale.
Condition adjustment reflects the estimated extra costs associated with removing the pet odor from the subject
property. Sale #-4 adjusted for time to bring it up to current market conditions.
The weighted average was also considered to indicated the Value of the subject. Estimated indicated value is
determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of the relative
quality of the comp. A lower adjustment indicates a better comp, and visa versa. The ratio of gross dollar
adjustment to sale price for each of the comps is used to calculate the weight each comp should have in a weighted
average calculation. As with any method, this techhique is not perfect. However, it does a good job of giving more
weight to the most similar comps, while at the same time minimizing values near the extremes of the indicated value
range. The indicated weighted average is $99,800; which support the conclusion of value stated within. Some
adjustments exceeded recommended guidelines but were considered necessary to reflect an accurate value.
FINAL RECONCILIATION, Cont'd:
The retrospective market value opinion stated herein is as of the date of death of John M. Spangler on March 26,
2003; as stated within the body of the appraisal, and contingent upon the certification and limiting conditions
attached. The date of inspection was June 20, 2003.
The subject property is currently assessed at $127,870 for taxing purposes. Based on the subject's condition, and
the data developed within this appraisal report we recommend a tax appeal.
SPECIAL LIMITING CONDITIONS:
This appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the
report. When performing the inspection of this property, the appraiser visually observed areas that were readily
accessible. The appraiser is not required to disturb'or move anything that obstructs access or visibility. The
inspection is not technically exhaustive. The inspection does not offer warranties or guarantees of any kind.
If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood
infestation, water test(s), radon, building inspections, etc.
SUPPLEMENTAL CERTIFICATIONS:
Form TADD -- 'TOTAL for Windows' appraisal software by a la mode, inc. -- 1-800-ALAMODE
Supplemental Addendum F~le No. 03-528
tBorrower/Cllent NA
I~roperty Address 301 S. Stoner Avenue
C_~.__Shiremanstown County Cumberland
Lender Tina Otto~ Esquire
This appraisal was prepared by Pamela M. Reitenbach, and review by Karen Darney for the exclusive use of Tina
Otto, Esquire with the Law Firm of Mette, Evans and Woodside (client). The purpose of this appraisal report is for
estate settlement purposes. The information and opinions contained in this appraisal set forth the appraiser's best
judgement in light of the information available at the time of the preparation of this report. Any use of this appraisal
by any other person or entity, or any reliance or decisions based on this appraisal are the sole responsibility and at
the sole risk of the third party, Ms. Darney and Ms. Reitenbach accept no responsibility for damages suffered by
any third party, as a result of reliance on or decisions made or actions taken based on this report.
In our opinion the reasonable exposure time linked to the value opinion is 90 to 180 days.
We further certify that, to the'best of our knowledge and belief:
- This appraisal is a COMPLETE APPRAISAL-SUMMARy APPRAISAL REPORT.
- The statements of fact in this report ara true and correct.
- The reported analyses, opinions, and conclusions are limited only by the reported assumptions and
limiting conditions, and ara our personal, impartial, and unbiased professional analyses, opinions and conclusions.
- We have no present or prospective interest in the property that is the subject of this report, and no
personal interest with respect to the parties involved.
- We have no bias with respect to the property that is the subject of this report or to the parties involved with
this assignment.
- Our engagement in this assignment was not contingent upon developing or reporting predetermined
results.
- Our compensation for completing this assignment is not contingent upon the development or reporting of a
predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the
attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this
appraisal,
- Our analyses, opinions and conclusions were developed, and this report has been prepared in conformity
with the Uniform Standards of Professional Practice.
- No one provided significant professional assistance to the persons signing this report.
- This appraisal has been made in conformity with the requirements of the Code of Professional Ethics and
Standards of Professional Appraisal Practice of the Appraisal Institute.
- The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duty
authorized representatives.
- Karen Damey and Pamela M. Reitenbach personally inspected the interior and exterior of the subject
property. Pamela M. Reitenbach prepared this report. Karen Darney.reviewed the report and concurred with the
~i ~..~ons contained in this report.
Karen Damey ~ea
PA State Certified General I Estate Appraiser
~amela M. Reitenbach
PA State Certified General Real Estate Appraiser
Form TADD -- "TOTAL for Wlnd0ws" appraisal software by a la mode, inc. -- 1-800-ALAMODE
DEFINITION OF MARKET VALUE: The most probable price 'which a property should bdng al a competitive and open market under ail condiaons
requisite to a fair sale, the buyer and seller, each acing 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 He from sailer to buyer under conditions whereby: (1) buyer and seller ere
typically motivated; (2) poth parties are wall informed or well advised, and each ac6ng in what he considers his own best interest; (3) a reasonable time is allowed
for e~osure in the open market; (4) payment is made In terms of cash in U.S. dollars or in terms of financial ~nangemants comparable thereto: and (5) the price
represents the normal consideration for the property sold unaffected by special or cre~va financing or sales concessions' granted by anyone associated with
the sale.
*Adjuslments to the comparables must be made for special or creative financing or sales concessions. No adjustments ere necessary
for those costs which are normally paid by sellers as a result of b'adition or law in a market area; these costs ere readily identifiable
since the seller pays these costs in vidually all sales b'ansactions. Special or creative financing adjustments can be made to the
comparable properly by comparisons to financing terms offered by a third party institutional lender that is not already Invotved in the
property or transaction. /my adjustment should not be calculated on a mechanical doller for dollar cost of the financing or concession
but the doiler amount of any adjustment should approximate the market's reaction to the financing or concessions based on the
appraiser's judgement.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subiect to the following
condrdons:
1. The appraiser will not be responsible for matters of a legal nature that affect e~er the properly being appraised or the title to it. The appraiser assumes that
the Utie is good and mmketable and, therefore, will not render any opinions about the title. The properly is appraised on the basis of it being under responsible
ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist
the reader of the report in visualizing the propeAy and understanding the appraiser's determinaUon of its size.
3. The appraiser has examined the available flood maps that are provided b'y the Federal Emergency Management Agency (or other data sources) and has noted
in the appraisal report whether the subject site is located in an idenUfied Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes
no guarantees, express or implied, regarding this determination.
4. The appraiser will not give tesUmony 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 bdorehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and beat use and the improvements at their conthbutory value. These
separate valuations of the land and improvements must not be used in conjunction wi~ any other appraisal and are invalid it they are so use(I.
6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic
substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing
the appraisal. Unless otherwise stated In the appraisal report, the appraiser has no knowledge of any hidden or unapparent cond~ons of the prope~ or
adverse environmental conditions (Including the presence of hazerdous wastes, toxic substances, et=.) that would make the property more or less valuable, and
has assumed that there are no such cond~ons and makes r~ guarantees or warranties, express or implied, regarding the condition of the property. The
appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such
conditions exist, Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an
environmental assessment of the property.
7. The appraiser obtained the inform~on, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be
reliable and believes them to be ~e and correct. The appraiser does not assume responsibility for the accuracy of such items that were tomished by other
parUes.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice.
9. The appraiser has based his or her appraisal report and Valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or
alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified In the appraisal report can dis~bute the appraisal report
(including conclusions about the propeA7 value, the appraiser's identity and professional designabons, 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 moAgage
insurer, consultants; professional app~sai organizations; any state or federally approved financial institution; or any department, agency, or instrumentality
of the United States or any state or the Dish,ct of Columbia; except that the lender/client may distribute the property description section of the report only to data
collection or reporting service(s) without having to obtain the appraiser's prior wr'nten consent. The appraiser's written consent and approval must aisc
be obtained before the appraisal can be conveyed by anyone to the public through advertising, public raisons, news, sales, or other media.
Freddie Mac Form 439 6-93
Page 1 of 2
Pamela Reitenbach
Form ACR -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
Fannie Mae Form 1004S 6-93
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have researched the subject madmt area and have selected a minimum of three recent sales of properties most simitar and proximate to the subject properly
for consideration in the sales comparison analysis and have made a dollar edjust~'nent when appropriate to reflect the market reaction to those items of significant
variation, ff a significant item In a comparable prope~ is supedor to, or more favorable than, the subject property, I have made a negative adjustment to reduce
the adiusted sales pl~ce of the comparable and, ff a significant item In a comparable properly Is inferior to, or less favorable than the subject property, I have made.
a positive adjustment to increase the adjusted sales pdce of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not
knowingly withheld any significant information from the appraisal report 'and I believe, to the beat of my knowledge, that all statements and information in the
appraisal report are true and correct.
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent
and limiting conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospeefNe personal interest or bias with
respect to the participants in the lraneactton. 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, sM handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present
owners or occupants of the properties in the vicinity of the subject property'.
5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this
appraisal is contingent on the appraised value of the property.
6. I was not required to roped a predetermined value or direction in value that favors the cause of the ciiant 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 pertorming the appraisal.
did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan.
7. I performed this appraisal in cornformity with the Uniform Standards of Professional Appraisal Practice that were adopted and pmmulgsted by the Appraisal
Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision d those
Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of markst value
and the estimate I developed is consistent with the marketing time noted in the neighborhood se~on of this report, unless I have otherwise stated in the
reconciliation section.
8. I have personally inspected the interior and extedor areas of the subject property and the exterior of all properties' listed as comparables in the appraisal report.
I further cerlYry that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate
vicinity of the subject property of which I am aware and have made adJus~nents for these adverse conditions in my analysis of the property value to the extent that
I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report, ff I relied on significant professional
assistance from any individual or individuals in the pedormance of the appraisal or the prepar~,tion of the appraisal report, I have named such individual(s) and
disclosed the specific tasks pedormed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
the tasks. I have not authorized anyone to make a change to any item in the repoff; therefore, it an unauthorized change is made to the appraisal report, I w~ take
no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: it a supervisory appraiser signed the appraisal report, he or she certifies and agrees that:
I direcify supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conciosions of the appraiser,
agree to be bound by the appraiser's cenfficaEons numbered 4 through 7 above and em taking full respons b ity for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 301 S. Stoner Avenue, Shiremanstown, PA 1701_1 .......................
APPRAISER: SUPERVISORy APPRAISER (only if required):
Name: ~ame~a ~1. R-eit~nba~-state Cert. G'~neral Real Estate Appr Name: K 'aren ~arney, PA~tate Cert. Gen__e~l Real Estate?pp
Date Signed: July 15, 2003 Date Signed: July 15, 200~3 .........
/
State Certification #: GA001804 State Certification #: GA-OO1260-L
or State Ucense #: or State License #: .....................
State: PA .......... State: .~,
Expiration Date of CertfficaUan or License: Jun® 30, 2005 ................... Expiration Date of Certification or License: .J.u_n.p :~0~.2005 .....
Did Did Not Inspect Property
Freddie Mac Form 439 6-93
Page 2 of 2 Fannie Mae Form 1004B 6-93
Form ACR -- "TOTAL for Windows" appraisal software by a ia mode, inc. -- 1-800-ALAMODE
· Bonowef/Client NA
I~opefty Address 3Ol S, Stofle~' Aveflue
C~ Shiremanstown
Location Map
StYe PA
~p Code 17011
Form MAP.LOC -- 'TOTAL for Windows* appr~sal software by a la mode, k~c. -- 1-800-ALAMODE
Plat Map )
i '
II
Trix P~rcM/lo.:
~ T~ NOT~Cl~ T~
THIS DEED
210 ::.' 74,5
1 =~-t~, ~t t~e c.z,.-,vat addn=.* oft~ GranU~
Borrower/Client NA
Property/~dress 301 S. Stoner Avenue
C~y___Shi_[_remanst_own _
Lender Tina Otto~ Esquire
Building Sketch (Page - 1)
................. Zi_~ C0de.. 17011
Count,/ Cumberland
' S~e PA
27.0'
BP, BR
I
~ Bath
11 i0' Kitchen
12.7'~ BR
Garage ,meN ~ LR DA
m ~
27.0'
12.7' 1~t,0'
Comments:
AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN
Code Description Size Net Totals Breakdown Subtotals
~ Ga~&g~ 266.00 266. O0
I
TOTAL LIVABLE (rounded) 1188 1 Calculation Total (rounde, ) 1188
AREA CALCULATIONS SUMMARY
Code Description Size Net Totals
TOTAL LIVABLE (rounded) 1188
Form SKT.BIdSkl -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
IBorrower/C,~ ~
[Prope~ Address 301 S. Stoner Avenue
ICity Shiremanstown
/I.eflder Tina Otto~ Esquire
Subject Photo Paoe
County Cumberland
State P^
~pCode 17011
Sublect Front
301S. stonerAvenue
Sales Price IdA
Gross Living Ama t,188
Total Rooms 5
Total Bedrooms 3
Total Be~moms 1
Location Average
View Average
Site .41 Acre
O~ity Frame. Brick
Age 48 Years
Subject Rear
Subject Street
Form PIC3xS.SR -- 'TOTAL for Windows" apl:waJsal software by a la. mode, inc. -- 1-80O~ALAMODE
Comparable Photo Page
Bon~we/Clieet NA
~per~dress 3Ol $. Stone, Avenue
City St~reman~own
l.endel' 'nrta Otto~ ~:luim
Cour~y Cumbedand State PA ~T}Code 17o1'1
Comparable 1
13 Walnut Stree~
Pm~ to Subject 0.38 miles
SaJe ~/1Tce 119,900
TotaJ Rooms
Totat BKkooms 3
Total Bab~rooms
Age 30 Yea~s
Comparable 2
314 W. G~reen St~e~
Pt'ox. to Subject 0.77 miles
SaJe Price lOO,OOO
Gross ~ ~ 1,232
TotsJ Rooms 6
Total Bedrooms 3
Total Bahrooms 1.S
Loca~ofl Average
View Average
GuSty Bri~Num
Age 38 Years
Comparable 3
202 S. Stoner Avenue
Prox. to Subject 0.07 mik~
GIQS$ L.~ Area 1,226
Total Rooms 6
Tot~J Bedrooms 3
Total Bathrooms 2
~)ca~ Awe'ago
~v Average
S~e .3~ Ac~e
Form PIC3xS.CR -- "TOTAL for Windows" appraisaJ software by a la mode, inc. -- 1-800-ALAMODE
b~ler 'Fm~ O~to, ESClU re
Comparable Photo Page
17O11
Coulf(y Cumberland ~ PA
Comparable 4
201 F-.. Walnut Street
Prox. to Subject 0.33 ~
Sale Price 115,900
Gross Uving Area 1,120
Total Rooms e
Total Bedrooms 3
Total Bathrooms 1
Loca~on Average
View Average
Site .18Acm
3~ Year~
Comparable 5
Pro~ to Subject
Sae Price
Gross LMnO Ama
TotaJ Rooms
Total Bedrooms
Tot~ Bah'moms
Loca~n
View
~te
Comparable 6
Total Rooms
Tot~JI Bedrooms
TotaJ Bathrooms
Locate1
View
ouamy
Fo~ PlC3xS.CR --'TOTAL for W'mdows' al~ sol. are by a la mede, Inc, -- 1-800-ALAMODE
APPRAISAL OF REAL PROPERTY
LOCATED AT: ·
400 East Chestnut Street
Shiremanstown Borough, Cumberland County
Shimmanstown, PA 17011
FOR:
Tina Otto, Esquire
3401 N. Front Street, Harrisburg, PA 17110
AS OF:
Mamh 26, 2003; Date of Death of John M. Spangler
BY:
Pamela M. Reitenbach
Pa State Certified General Real Estate Appraiser
and
Karen Damey
Pa State Certified General Real Estate Appraiser
L. G. Connor Real Estate Appraisers, LTD
Form GA1 -- "TOTAL for Windows" appraisal software by a la model-inc. -- I~800-ALAMODE
File No. 03-530
July 15, 2003
L. G. Connor Real Estate Appraisers, LTD
2159 Market Street
Camp Hill, PA 17011
Mette, Evans & Woodside
ATTN: Tina Otto, Esquire
3401 North Front Street
P. O. Box 5950
Harrisburg, PA 17110-0950
RE:
Estate of John M. Spangler
400 E. Chestnut Street
Shiremanstown Borough, Cumberland County
Shiremanstown, PA 17011
Dear Ms. Otto:
Pursuant to your request, we have prepared a COMPLETE APPRAISAL,
SUMMARY REPORT of the property captioned in the "Summary of Salient
Features" which follows.
The accompanying report is based on a site inspection of improvements,
investigation of the subject neighborhood area of influence, and review of
sales, cost, and income data for similar properties.
This appraisal has been made with particular attention paid to applicable
value influencing economic conditions and has been processed in
accordance with nationally recognized appraisal guidelines.
The opinion of retrospective value conclusion stated herein is of the date of
death of John M. Spangler on March 26, 2003; as stated in the body of the
appraisal, and contingent upon the certification and limiting conditions
attached. The purpose of this report is to determine an opinion of the
retrospective market value of the subject property for estate settlement
purposes. The date of inspection was on June 20, 2003.
Please do not hesitate to contact me or any of my staff if we can be of
additional service to you.
Respectfully,
Kar~-~-Da~ney~ v - /
PA State Certified General Appraiser
Form DCVR -- ~I'0TAL for Windows" appraisal software by a la mode, inc. -- 1-8O0-ALAMODE
SUMMARY OF SALIENT FEATURES
Subject Address
Legal Description
c~y
County
State
Zip Code
Census Tract
Map Reference
400 East Chestnut Street
Deed Book E18, Page 491
Shiremanstown
Cumberland
PA
17011
3240-0112.00
Plan Book 6. Page. 44, Block B, Lots 5, 6, 7 and 8
SaJe Pdce
Date of Sale
SNA
NA
8or;owar / Client
Lender
'rina Otto, Esquire
NA
Size (Square Feet)
Pdce per Square Foot
Location
Age
Condi~on
Total Rooms
Sedrooms
Baths
Appraiser
Date of Appraised Value
1,668
$
Average
43 Years
Average
5
3
1
Pamela M. Reitenbach, PA State Certified General Real Estate Apprmser
March 26, 2003; Date of Death of John M· Spangler
Rna~ EsUmate of Value $145,000
Form SSD -- "TOTAL for Windows" appraisal software by a la mode, Inc. -- 1-800-ALAMODE -
UNIFORM RESIDENTIAL APPRAISAL REPORT
~ A[~,4~es~, 400 East Chestnut Street City Shiremanstown State PA 2¥ Code 17011
Deed Book E18, Page 491 -
County Cumberland_ ............
's Pamal No. 37-23-0555-346 Tax Year 02-0R R.E. Taxes $ 2,549.29 S~eclal Assessmems $ q.~00..__
Borrower NA CulTant Owner The Estate of?_~ohn M. Span~ler Occupant Owner Tenant ~X: Vacant
Leasehold Project Type ' : PUD Condominium (HUD/VA only) HOA $ NA /Mo.
Shiremanstown Borough Map Reference See Addenda Census Tract 3240-0112,00. .....
NA Oa~ of Sale NA Descrbtion and $ amount of loan chames/co~e_~i~S to be bald by sellw ~ .................
Tine Otto, Esquire Address 3401 N. Front Street, Hn~s_b.urg, PA 17110
Pamela M. Address 2159 Market Street Camp Hill PA 17011 .............
Looa~on Suburban i Rural Predominant Singletomllyhooelog Pmsenttanduse% ! Landusechanp
........ ~cu,,.n,',, I PRICE AGE- Onefarnfly ....9..2. .~ X Notlikely Ukely
Built up X Over 75% 25-75% Under 25% . r- -, I $(000) (yin)
Growth rate , Rapid X Stable ' ' Slow ~ Owner 70 Low.. 15 2-4 faro y 2.. ~I In process
Property values Increasing X Stable Declining Tenant __ Multi-totally ..... :1.. _ [ To: ............
Demand/supply Shortage X In balance Over supply X Vacant (0-5%) __ __ Commercial ..... 5.__i .......... :
3-6 mos. 90-110 40-60
NOte: Race ~d tho rochd composition of tho neighborhood ltl not appraisal factors.
Neighborhood boundaries and characteristics: The neighborhood boundaries are indicated on the enofosed neighborb_op_d_~a~o_in the addenda of this
Factors that affect the marketability of the pmpedies In the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.):' .........
Township, just south of the Borough of Shiremanatown. Schools, shopping, employmen&.rocreetion and
houses of worship are all within a 10-20 minute commute of the subject property. Average property maintenance progmm_s.were observed.
State Capitol in Harrisburg, the Army Supply Depot in New Cumberland, and the Naval .S. upply _De. pot~-n
Mechanicsburg, as well as the expanding west and east shore areas. Steady price increa_~e_~ and MLS statistics indicate a stable demand for
the area. Subject's appeal is it's convenient location centrally located betv/een Camp Hill and Mechanicsburg. .
Market conditions in ~e subject neighborhood (including suppod for the above conclusions related to the trend of property values, demand/supply, and n~k'~m~-- .....
- such as data on competitive properties for saJe in the nalghborhcod, description of the prevalence of sales and financing concessions, etc.):
The search of county tax records and the MLS service show prices stable. The MLS service indicates that the typ!ca!.DEO_L~e_d~ seil~..ir~ 3-6
months. Mortgage funds are readily available from a variety of sources with conventional Io_a_ns__bein~.__75_o/.o_ ~ _5.12.5%, 9?/0_ _mo_rt.g~e~ up to.3-
Sellers are not required to offer sales or financing concession_n_s.~s .h.o_..w_eve[, _se_l[e_r.a_s.~is~[pp~ce- ~.s._o_.cc~urdng. . ...........
Project Intorm~on for PUDe (ff applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? Yes No NA
Approximate total number of units in the subject project NA Approximate total number of units for sale in the subject proje~ ...... NA .....
elements and recreaUonal facilities: NA
Dimensions See legal descriptions within addenda of report.
Site area .99 Acre; per Cumberland County Tax Assessment Re Comer Lot . Yes ~ No
Specific zoning ctassiflc~on and description R-ST, Single Family Residential (Tow_q)
Zoning compliance X Legal i : Legal nonconforming (Grandfathared use) i~.i Illegal [ No zoning
_Hi~est&bestuseaslmm'gved: X Preseofuse , , Other use (explaln)
Utlllfle~ Public Other 0ff-~ltelmpmvemen~ Type Pubfic Private
Electricity ~ _ Sheet Macadam
Gu ' i Curb/gtmer ~ ~
Water X_ ~ Sidewalk None --
sani.~ sewer X / Street lights ~ ....... X'
| Nley None
Topography .G_e n~e_r a II_JLy_ _Lev e I .........
Size Typical for area
Shape I rreg u_la_r ...............
Drainage _Aj~_[:~_. a_ ~ .Adequate
View Average .................
Landscaping Average
Ddveway Surface Macadam
Apparent easements Standard Utility/Pdva~'~v~a'
FEMA Special Flood Hazard Area Yes ~ No
FEMA Zone C Map Date 1.-5_~197_7 .....
FEMA Man No. 420369A
Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): Stand~n:l ......
easements for e ectdc, telephone, etc. There are no known or apparent adverse easements, encroachment or conditions not'~c~i {S
GENERAL OESCRiPiioN EXTERIOR DESCRIPTION FOUNDATION
No. of Units ..O..ne . Foundation Concrete/Block Slab ..N_A_
No. of Stodes One Extedor Walls Brick ..... Crawl Space N.A
Type (DetJAtt.) Detached Roof Surface Shin.qle Basement .F_ul~
Design (Style) Ranch Gutters & ownspts. Alum/Alum Sump Pump F!_oo_r D__ra_[p
Existing/Proposed Window Type Dampness None No,ed
Age (Yrs.) 43 Storm/Screens Yes/Yes Settlement Due to Ag.e .
20 +1- Manufactured House No Infestation None Noted
INTERIOR Ma[m~/Condition
Floors ..CrptNin/VVcUCer/Ston
Walls Plaster/Avg __
Trim/Finish Wood/Av.q
Bath floor Ceramic/Avg
Ba~ Wainscot Ceramic Tile/Av.q __
Doors Wood/Average
5 Rooms; 3 Bedroom(s);
HEATING
Type FHA/Rad
Fuel Oil/Elect
Condition Av.q
COOLING
Central Yes
Other
I BASEMENT t INSULATION
Area Sq. R. 1 668 tR°of
"-!% Rnished 75 +/-" j Ceiling '
'iCal,ng ~:;~i~'~__'..._Iwal~s '---.'-
Pnt Con/BIk .l floor ........
Roor Aspht .Tile .... None
Dutside En~ No .... Unknown_ .... ~
KITCHEN EQUIP. ATrlC
Rofdgerator ' None
Range/Oven ~.~ Stairs
Disposal Drop Stair
Dishwasher Scuttle
Fan/Hood X !Roar
Microwave ~ ~ Heated
..... 1 ........ ' .....
.... , ....... ,_ ....... ...... ' VF.'-[. ".
1 Bath(s); 1~668 Square Feet of Gmes Livinq Area
[AMENITIES CAR STORAGE:
Fireplace(s) #___ None
!Patio ......... "~ i Garage # of cars
iDeck ............... = Attached 2 Car
2 !Porch .Frq_nt.
:.Fence _Chai_n_Lin~f.. ~ Built-in
; Pool ........ Carport
Condrdon Avg Wesher/D~,er ! Rnished !Shed ~ ! Odvewa¥ '6 C~r
Additional featores (special energy efficient items, etc.): .The subject haS forced hot air heet s_u. ppl_em_e_n_tsdbyrediantcailingh_eat_a_n!d_.csntralaj.r
Condition of the improvements, depreciation (physical, functional, and external), repairs need~d,'~l-~y of ~:'~n~c~-~n, r~l-eii~a~n~: ~ ........ ..~_d~-e-~'_d'~
Adverse envimnmeofal conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improve--~e~s~ on~'~ s:~:-o~'in'~e ...........
immediate vicinity of the subject property.: There are no known or apparent adverse environmental conditions that would .n.e. ga&iv_el..y.im~a~t~on, the_.
Freddie Mac Form 70 6/93
PAGE 1 OF 2
Form UA2 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
Fannie Mae Form 1004 6/93
UNIFORM RESIDENTIAL APPRAISAL REPORT FileNo. 03-530
ESTIMATED SITE VALUE
ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS:
Dwelling ____1,668 Sq. R. @$ __._ = $
__. 1,668 Sq. Ft. @$ _. =
Garage/Caport 576 Sq. R. @$ =
TotaI Estimated Cost New =
Less Physical Functional External
Depreciation
Depreciated Value of Improvements
"As-is" Value of Site improvements
INDICATED VALUE BY COST APPROACH
ITEM I SUBJECT
400 East Chestnut Street
Address Shiremanstown PA
Sales Pdce
Data and/or Inspection
VALUE ADJUSTMENTS DESCRIPTION
Concessions
Location
NA
VJew
, of Construction
Condition
=$
=$
=$
=S
45,000
Comments on Cost Approach (such as, source of cost estimate, site value,
square foot calculation and for HUD, VA and FmHA, the estimated remaining
economic life of the property): The
an excellent estimate to value if the building is new or
reflect the highest.and
best use of the land. However, when items of physical __
deterioration and obsolescence must be estimated an area of
involved which is subject to error. The Cost
not due to the
and the amount of deferred maintenance.
COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3
111 W. Green Street
Shiremanstown, PA
0.61 miles
107.71 '/:
MLS, Agent
Court House Records
DESCRIPTION
VA
Costs/17 DOM
12-23-2002
201 Somerset Drive
Shiremanstown, PA
.99 Acre/P. Road .19 Acre
Ranch Ranch
Brick Alum/StoneNinyl
0.67 miles
114.48 /
MLS, Agent
Court House Records
0ESCRIPTION
Conventional
None/3.9...D_O_M*
5-28-200._2_ .....
43 Yeam 39 Yeara
Above Grade
Room Count 5 3
Basement & Rnished Full Bsmt.
Below Grade
Total Bdrrns Baths
1 8 3 1
Full Bsmt.
Game/2 BPJ.5 Ba
FHAJRad ~ CA FHA - CA
.28 Acre
Ranch
Alum/Brick
30 Years
-15
Total Bdrms Baths
7 3 1
Full Bsmt.
Faro/.5 Bath
Radiant- CA
off street ..__+_3,oo0 Garage/x 1 ...... +.1~.0.0.9..
Porch /Deck +500 Porch
None .... -1,500_ 2 FP/Coal Stov.e..
Fence ,r/Mi
Shed None +100 None +100
Porch, Patio, Deck,
Adjusted Sales Pdce
Maple Avenue
Shiremanstown.,_ PA
0.82 miles
111.93 /
MLS; Agent
Co_u. rt__~ .o. u s._e_ ._R e_c_o, r_d_~ ......
DESCRIPTION
Dther
None/62 D. OM . .
11-04-2002
Acre
__ Avera_g.e. ................
Ranch
Bdck
.......... -2,00_0
Total Bdrms Baths
6 .3 .__!._
1,232 Sq. Ft ..... +6,500~_
~,;, Bsmt.' ....
Faro/Den/.5 Bath
H. water-_C_~'.~ ':i.: ......
Off Street .......... +3~ 0.0.0
.............. -~,50~.
_F..e. qce(D, ry r/Mic_ .... -200
Shed
Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): All sales selected are located within the
immediate neighborhood. Adjustments were made to reflect substantial differences be~een the comparable prope~ie~ ~O~{he~s'u__b. Le__ct._. _T_h_e.
:stments that were made reflect the typical actions of buyers and sellers i.~ the marketp~.a, ge.. _~pmparables grps~ .living ar..e.a
3btained from Cumberland County Tax Assessment Records.. [See?~,_cld. e~n_da_~)_ ...............
ITEM SUBJECT COMPARABLE NO, 1 ~--_ :.- :.. _CoM:~-_AR_~B~:~:I~:-2:"...' :. :_ '-~" ....... . CT(~PAR~BL~' NO. ~ '
Date, Pdce and Data None None /None ' INone
Source, for prior sales NA NA INA INA
__ Crt Hse Records Court House Records ....... JCourt House Records J Court House Records
Analysis of any current agreement ct sale, option, or listing of subject property and analysis of any prior sales of subject and comparables within one yea~'~[~'~'~a~'~-~o-~sM:'
e comparable properties occurred more than a year ago. The.s_~_bj.e~ct prop_e, fty.is_ n_.o_t .c_uEe. ntl_v offered for sale nor under
The subject property has not chan~:led hands_.wi~hin.th.e @.a_st:t. hree_~_e_a_rs .............
iNDICATED VALUE BY SALES COMPARISON APPROACH $
INDICATED VALUE 8Y INCOME APPROAC~H (if Applicable) Estimated Market Rent $ _/Mo. x Gross Rent Multiplier ..........
This appraisal is made ~ "as is' subject to 61e repairs alterations inspections or conditions listed below subject to completion per plans & specifications.
Conditions of Appraisal: No warranty of the appraised is given or ire'plied. No abil tX s assumed for the structural or mechanical elements of the
~_~.~, .. --_.~ ...............................
Final Reconciliation: Due to the~-a-a-~'of quan~-y a~q~~t=, the Income **A~o_p_~ach was considered in.L~.pprp~riate and not utilized.
Greatest weight was given to the Sales Comparison Approach it reflect,'.~ [h.e_-~c;l actio~ of b~ &-sellers in the market. Lq. lace. Cost
.~p_~o~a~'~as considered but not utilized due to the age of the subject a~-the ;~ou-~o~;'d;~e~r;d ~ -¥;-~:'t;'of ~e-ath
The purpose of this appraisal is to estimate the market value of the ;;al property thai is the subject ;~-~iS ~;P;d~s;~oon-~';e a-'~ov~-c~'~itions a;'~l~;'~c~r~--
and limiting conditions, and market value definition that are slated in the attached Freddie Mac Form 439/PNMA form 1004B (Revised June 1993 J,
I (WE) ESTIMATE THE MARKET VALUE, AS DERNED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT AS OF ........... ~rch 26, 2003 **
(WHICH tS THE DATE OF INSPECT10N AND THE EFFECTIVE DATE OF THIS REPORT) TO BE ~/ 145~00 ................
APPR. NSERT'-'~ ~ SUPERViSOJR,~L~pI~i~E~ (O-~iF~R'-~'BEDt:
N~enba~Gen. ~eal Estate Appraiser ._ Name..l~.a_re.n _D..ar_ne_y, .C~-d. G.e_n__R_E_.APPraise/ Inspect Property
.D. ate Report Signed July 15 2003 pate~i~o-rt_~i_i~d- .Ju y i5,~--_::.'': / ............. P',~'--'
State CertificalJon # GA001804 ' '-- ~i~-~ - ~tate ~;rtf cat on #._GA-0_0~1.26.6__0.-~. ......... State ...
~~ .... St-~e '*' ~-~t~ie I~i~;'n~-~- ' State .
Freddie Mac Form 70 6/93
PAGE 2 OF 2 Fannie Mae Form 1004 6-93
Form UA2 -- "TOTAL for Windows" appraisal software by a la mode. inc. -- 1-800-ALAMODE
UNIFORM RESIDENTIAL APPRAISAL REPORT
MARKET DATA ANALYSIS
market
he-subieof, ff a
the indicated value of the subject.
ITEM SUBJECT COMPARABLE NO, 4 COMPARABLE NO. 5
400 East Chestnut Street 112 W. Green Street
Address Shiremanstown PA Shiremanstown, PA
0.61 miles
Sales Pdce
Data and/or
VALUE ADJUSTMENTS
Sales or Rnancing
Concessions
Location
NA
107.87:1 / $ ............ /
MLS; Agent
Court House Records
DESCRIPTION DESCRIPTION
Other
None/22 DOM
Inspection
H.
DESCRIPTION
5-15-2002
Site
.99 Acre/P. Road .20 Acre
Ranch
View
Ranch
QUaI_~@_f_.C_ onstru ctJon Brick
Concr~ion
Bdck
43 Years Years
Above Grade Balhs Baths
Room Count 5 3 1 6 3 1.5 -1,50a
Basement & Finished Full Bsmt. Full Bsmt.
Rooms Below Grade Fam/Bath
~ Efficient items
Porch, Patio, Deck,
~- +(-)S Adju~._. DESCRIFR0_N .._
FHA/Red - CA FHA - CA
1
Porch Patio +500
None
+100
Fence None
Shed None
Adjusted Sales Price
Date, Pdce and Data None
Source for prior sales NA
Crt Hse Records
Comments:
None
NA
Court House Records
Market Data Analysis 6-93
Form UA2.(AC) -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
Supplemental Addendum R,e No. 03-53o
B~qwer/Cllent NA
l..p~oDerb/Address 400 East Chestnut Street
Cl~__Shiremansto~_
Lender Tina Otto~ Esquire
County Cumberland
State ~A- ................. ~PCode'"'~'O'i 1 ......
MAP REFERENCE, Cont'd:'
The subject site is recorded in Plan Book 6, Page 44, Block B, and is identified as Lots 5, 6, 7 and 8. Further, a
portion of the site (tract #2) is identified on the plan as the proposed Chestnut Street.
SITE, Cont'd:
Part of the subject site is known as East Chestnut Street. This private road/driveway provides access to the subject
and to an adjoining property owner. There is no known right-of-way agreement or maintenance agreement for use
of this road. It is not anticipated that the shared road/driveway will have an adverse effect on the subject. It is
recommended that a maintenance agreement be entered into with the adjoining property owner for maintenance of
the road, if possible.
IMPROVEMENTS, Cont'd:
The subject property is considered to be in average condition. The interior of the home needs repainted. All floor
coverings are worn and should be replaced. The full bath is dated which will decrease market appeal. Basement
(rec room) finish is minimal and will add little to no value to the subject. The commode located in the basement half
bath was turned off at the time of inspection. It is unknown if this commode is functional. For appraisal purposes we
are assuming that the commode is in good working order.
Based on maintenance, condition and comparison neighborhoods, the estimated effective age is below the actual
age. Physical deprecia_tion due to age and deferred maintenance. No economic obsolescence or functional
obsolescence noted.
ADVERSE ENVIRONMENTAL CONDITIONS. Cont'd:
The property is of an age where lead based paint may be present. The market does not penalize the property, but
the client should be advised of it's possible existence. It is assumed that it is not present. If the client has a concern
then a qualified expert in the area should be contacted.
SALES COMPARISON APPROACH, Cont'd
Sale #1 - According to the listing agent the home had been completely updated having new floor coverings, fresh
paint, updated kitchen and baths. Sale #2 - Had newer floor coverings and fresh paint. Sale #3 - Had new ceramic
tile in baths. Sale #4 - According to the listing agent the home had new floor coverings at the time of sale.
The weighted average was also considered to indicated the value of the subject. Estimated indicated value is
determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of the relative
quality of the comp. A lower adjustment indicates a better comp, and visa versa. The ratio of gross dollar
adjustment to sale price for each of the comps is used to calculate the weight each comp should have in a weighted
average calculation. As with any method, this technique is not perfect. However, it does a good job of giving more
weight to the most similar comps, while at the same time minimizing values near the extremes of the indicated value
range. The indicated weighted average is $144,400. Some adjustments exceeded recommended guidelines but
were considered necessary to reflect an accurate value.
FINAL RECONCILIATION, Cont'd:
The retrospective market value opinion stated herein is as of the date of death of John M. Spangler on March 26,
2003; as stated within the body of the appraisal, and contingent upon the certification and limiting conditions
attached. The date of inspection was June 20, 2003.
SPECIAL LIMITING CONDITIONS:
This appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the
report. When performing the inspection of this property, the appraiser visually observed areas that were readily
accessible. The appraiser is not required to disturb or move anything that obstructs access or visibility. The
inspection is not technically exhaustive. The inspection does not offer warranties or guarantees of any kind.
if the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood
infestation, water test(s), radon, building inspections, etc.
SUPPLEMENTAL CERTIFICATIONS:
This appraisal was prepared by Pamela M. Reitenbach, and review by Karen Darney for the exclusive use of Tina
O~'to, Esquire with the Law Firm of Mette, Evans and Woodside (client). The purpose of this appraisal report is for
Form TADD -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE
:iupplemenxal J~ooenBum
Borrower/Client NA
Property Address 400 East Chestnut Street
I_._C~_ Shiremanstown ...... - Coun~ Cumberland
Lender Tina Ottor Esquire
File No. 03-530
State PA
estate settlement purposes. The information and opinions contained in this appraisal set forth the appraiser°s best
judgement in light of the information available at the time of the preparation of this report. Any use of this appraisal
by any other person o[ entity, or any reliance or decisions based on this appraisal are the sole responsibility and at
the sole risk of the third party. Ms. Damey and Ms. Reitenbach accept no responsibility for damages suffered by
any third party, as a result of reliance on or decisions made or actions taken based on this report.
In our opinion the reasonable exposure time linked to the value opinion is 90 to 180 days.
We further certify that, to the best of our knowledge and belief:
- This appraisal is a COMPLETE APPRAISAL-SUMMARY APPRAISAL REPORT.
- The statements of fact in this report are true and correct,
- The reported analyses, opinions, and conclusions are limited only by the reported assumptions and
limiting conditions, and are our personal, impartial, and unbiased professional analyses, opinions and 'conclusions.
- We have no present or prospective interest in the property that is the subject of this report, and no
personal interest with respect to the parties involved.
- We have no bias with respect to the property that is the subject of this report or to the parties involved with
this assignment.
- Our engagement in this assignment was not contingent upon developing or reporting predetermined
results.
- Our compensation for completing this assignment is not contingent upon the development or reporting of a
predetermined value or' direction in value that favors the cause of the client, the amount of the value opinion, the
attainment of a stipulated result, or the occurrence of a subsequent event directly'related to the intended use of this
appraisal.
- Our analyses, opinions and conclusions were developed, and this report has been prepared in conformity
with the Uniform Standards of Professional Practice.
- No one provided significant professional assistance to the persons signing this report.
- This appraisal has been made in conformity with the requirements of the Code of Professional Ethics and
Standards of Professional Appraisal Practice of the Appraisal Institute.
- The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly
authorized representatives.
- Karen Darney and Pamela M. Reitenbach personally inspected the interior and exterior of the subject
property. Pamela M. Reitenbach prepared this report. Karen Damey reviewed the report and concurred with the
con, clTons contained in this report.
~aren- Dainty - _
PA State Certified General Rebl Estate Appraiser
Pamela M. Reitenbach
PA State Certified General Real Estate Appraiser
~orm TADD -- "TOTAL for Windows" appraisal software by a la made, inc. -- 1-800-ALAMOOE
DEFINITION OF MARKET VALUE: The most probable pdce which a property should bring in a compeUtive a~d open market under all con.ohS
requisite to a fair sale, the buyer and seller, each asUng prodantly, knowledgeably and assuming the price is not affected by undue stimulus, implicit in this
definHion is the consumma~on of a sale as of a specified date and the passing of ti'de from seller to buyer under conditions whereby: (1) buyer and seller are
~pically motivated; (2) both par~es are well intomled or wall advised, and each acUng in what he considers his own best interest; (3) a reasonable itme 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 coroparable thareto; and (5) the pdce
represents the normal conalderatJon for the property sold unaffected by special or creative financing or sales concessions' g~anted by anyone associated wi~
the sale.
*Adjustments to the comparablas must be made for'special or cre~dve financing or sales concessions. No adjustments are necessary
for those costs which are normally paid by sellers as a result of t]adiUon or isw in a market area; these costs are readily idenUfiable
since the seller pays these costs in vitally all sales b'~ansa~ons. Special or creative financing adjustments can be made to the
comparable property by comparisons to financing terms offered by a third party insl~tu~innal lender that is not already involved in the
property or tTansac0on. 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 reacUon to the financing or concessions based on the
appraiser's judgemen~
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 foflowing
conditions:
1. The app~ser will not be responsible for matters of a legal nature that affect either the prope~ balng appraised or the me to it. The appraiser assumes that
the me is good and marketable and, therefore, will not render any opinions about the Uite. The property is appraised on the basis of it being under responsible
ownerehip.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the Improvements and the sketch is included only to assist
the reader of the report in visualizJng the property and understanding the appraiser's determin~on of its size.
3. The aPpraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted
in the appraisal report whether the subject site is located in an identified Special Rood Hazard Area. Because the appraiser is not a surveyor, he or she makes
no guarantees, express or implied, regarding this determin~on.
4~ The appraiser will not give tssUmony or appear in court because he or she made an appraisal of the properly in ques~on, unless specific anangements th do
so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and bj~at use and the improvements at their contributory value. These
separate valuaUons of the land and improvements must not be used in conjuncUon wflh any other appraisal and are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse condiUons (such as, needed repairs, depreci~on, the presence of hazardous wastes, to~
substances, etc.) observed during the inspectJor} of the subject properly or that he or she became aware of during the normal reseamh invoNed in performing
the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent condigns of Ule property or
adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the prope~ more or less valuable, and
has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the pmpe~. The
appraiser will not be responsible for any such condigns that do exist or for any engineering or testing that might be required to discover whether such
condiUons exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an
environmental assessment of the property.
7. The appraiser obtained the intorm~on, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be
reliable and believes them to be tree and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other
parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice.'
9. The appraiser has based his ar her appraisal report and valuation conclusion for an appraisal that is subject to sal~efactory com~eUon, repairs, ar
alterations on the assump'don that completion of the improveroants will be pedormed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report
(including conclusions about the prope~ value, the appraiser's identity and professional designa~ons, and references to any professional appraisaJ
organizations or the firm wi~ which the appraiser is associated) to anyone other than the borrower;, the mortgagee or its successors and assigns; the mort. gage
insurer;, consultants; professional appraisal organizations; any state or federally approved financial institution; or any depar~nent, agency, or instmmantalify
of the United States or any state or the Dis~ict of Columbia; except that the lender/client may di~ibute the property descrip~on sec~on of the report only to data
collection or repo~ng service(s) without having to obtain the appraiser's pdor 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 adver~sing, public relations, news, sales, or other media.
Freddie Mac Form 439 6-93
Page1 of 2
Pamela Reitsnbach ·
Form ACR -- 'TOTAL for Windows" appralsai software by a la mode, inc. -- 1-800-ALAMODE
Fannie Mae Form 10048 6-93
~PPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:.
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property
for consideration in the sales comparison analysis and have made a dollar adjustment when appropdete to reflect the market reaction to those items of significant
variation, ff a significant item in a comparable properfy is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce
the adjusted sales price ct the comparable and, ff a signflicant item in a comparable property is infedor to, or less favorable than the subject property, 1 have made
a positive adjustment to increase the adjusted sales price of the comparable. '
2. i have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal raporL I have not
knowingly withhaid any significant information from the appraisal report and I believe, to the best of my knowledge, that ail statements and information in the
appraisal report are tree and correct. ~
3. I stated in the appraisal report only my own personal, unbiased, and professional analysis~ opinions, and conclusions, which are subject only to the contingent
and limiUng conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias w~
respect to the participants in the b'ansaction. I did not base, either pa~aily or completely, my analysis and/or the estimate of market value in the appraisal report
on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants ct the subject prope~ or of the present
owners or occupants of the pmpertias in the vicinity of the subject properP/.
5. I have no present or contemplated future interest in the subject proper'o/, and neither my current or future employment nor my compensation for Pertorming ~s
appraisal is contingent on the appraised value of the property.
6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate,
the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for pedorming the appraisal. I
did not base the appraisal report on a requested minimum valuation, a specifi(~ valuation, or the need to approve a specific mo~ege loan.
7. I performed this ~ppraisai in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
Standards Board of The Appraisal Foundation and that were in place as of the effe~ve date of this appraisal, with the exception of the departure provision of those
Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market Is a condition in the definition of mat, et value
and the e~mate I developed is consistent with the morkefing time noted in the neighborhood section of this report, unless I have otherwise stated in the
reconciliation section.
8. I have personally inspected the intedor and exterior areas of the subject property and the exterior ct all properties listed as comparables in the appraisal report.
I fu~her certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site witfiin the immediate
vicinity of the subiect property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that
I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property.
9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report, ff I relied on significant professinnai
assistance from any individual or individuals in the performance of the appraisal or the preparation ct the appraisal report, I have named such indiviituai(s) and
disclosed the specific tasks pedormed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
the tasks. I have not authorized anyone to make a change to any item in the report; therefore, ff an unauthorized change is made to the appraisal report, I will take
no responsibility for it
SUPERVISORY APPRAISER'S CERTIFICATION: ff a supervisory appraiser signed the appraisal report, he or she certifies and agrees Ihat:
I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions ct the appraiser,
agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: 400 East Chestnut Street, Shireman_.s.t.q_w_n, PA17011
APPRAISER: SUPERVISOR~Y APPRAISER (only if required):
Name: Pamela M. Reitenbach, PA State Cert. General Real Estate A_p_p_r Name Karen Damey~e C.e~L..G__.e[~era/~. ep.l_Estate
0ate Signed: ..July 15, 200_3 ......... Date Signed: July 15, 20__0.3_ .....................
State Certification #: GA001804 State Certification #:..G.A-_O..O.126.0-L
or State License #: ............. or State License #: .............................
State: PA · - ...................... ~- ......... State: PA
Expiration Date of CertificaUon or License: June 30, 2005 __ Expiration Date of Certification or License: ~n-~*30.~.~_~ .......
~X~ Old Did Not inspect Property
Freddie Mac Form 439 6-93
Page 2 of 2 Fannie Mae Form 10048 6-93
Form ACR -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1.800-ALAMODE
Location Map
Bormwe~/Client NA
Pmpaly Address 40o East-Chestnut
City Shiremanstoval ~
Lender Tina Otto, Esquire
CO~I~ Cumberland ~ PA
~p Code 17o~
Form MAP.LOC -- 'TOTAL for W'mdows' appraisal software by a la mode, inc. -- 1-800-AJ. AMODE
JUN-23-03 14~20 FRDM=METTE EVANS WODDSIDE ID=?1? 238 1018 PAGE
~l JOHN M. SPANGL~R. of the ~orou~'n of Ca~
Co~ty of C~erland and SLmte o~ Pe~sylv~la~
~.a ~/l~ - - - (~o.'~) ~..
situate in ~e Bo~u~ ~f Ship.nato. COunty of C~erland
~es~ut St~et at the corner of Lot No. 9, Blo~ "Bw, in the
of lots ~reinafter ~ntio~d; then~ north~rdly al~9 the line
or Lo%s No~. ~ ~nd 10. Block ~". In ~e said ~1~ of
h~dred fifty-eight and t~nty-two hundredths (l~,~a) feet to the
south side of a 20 foot ~lley; thence ~lon~ t~e ~Outh side of said
alley ~ hundred t~nty-ei9B~ and slxty-slx hundred~s
Fret to a ~lntl the~e $outhetst~ly SiOn{ ~e eastern li~
Lot No. ~. Bilk ~B~, in ~ h~relnaffter m~ntluned pl~ of lots
~estnvt Street aforesaid; thence ~s~rdly alon9 ~e nor~ side
of ~estnut 9trees ~ hundred ninety-four and thir.ty-two hundred~
(29~.3a} feet to a ~int, the place of BEGI~INO.
of Clir~ce O. Stoner~ dated Septe~er 8, 19~, and recorded In the
Page ~.
Tract No. 2: B~0I~INO at a s~ke on the eastern line of
Stoner Avenue at the southern line of Lot No. 9, Block wB"; ~ence s
,~ the southern Line of Lots Nos. 9, 8, 7, 6 and 5, Bilk wBw. north
~rees 10 minutes eam~ Four hundred furZy-three and five one-
~tnutes east twenty-se~n and sixty-four one-h~dredt~
to a stye; the~e south ~ degrees ~9 minutes west slxty-~ree arid
$~xty-four h~dredths (63-~) Feet to a ~e; thence ~outh
~ minutes ~st three h~ndred ninety-three and fifty-nine hunt,dibs
[39).5~) feet to a stake on the eamte~ 1~ of $toner Avenue, the~
by the eawte~ line uf 3t~ner A~ue north ~ deureem 15 minAtes ~st
forty-five and ~enty ~undre~s (~5.~0) feet to a stare, ~e place '
of B~Ol~ ind.
adminl~t~t~r of ~e estate o~ Arthur K. R~p, deceased, by him
deed ~ted J~ly 7, 19~, amd ~ecorded In t~-Re~order~l Office afore-
se{d In ~ed ~ook mba, VOl~ 1~ Page 102~ grated a~d c~v~d
~to Cla~nce O. Stoner tad ~l~nche V. Stoner~ his wife, the grantors
~.?ro.~r~.Address__4_OO__E. ast Chestnut Street
ILender Tiaa ~ffo, E~"~'
Building Sketch (Page - 1)'
County Cumbedahd
State PA
40.0'
Bedrm Bath Bedrm Dining Laundry
Area
~5 Garage
~ Kitchen Hall
Bedrm Living Room I ~': 24.0'
: 24.0'
40.0' . .
Comments:
AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN
Code Description Size Net Totals Breakdown Subtotala
TOTAL LIVABLE (rounded) 1668 2 Calculations Total (rounde( 1668
Form SKT.BIdSkl -- "TOTAL for Windows" appraisal software by a la mods, inc. -- 1-800-ALAMODE
IBorrowe~/Client NA
PropertyAddress 400 East Chestnut Street
City Shiremanstown
Lender Tina Otto, Esquire
Subject Photo Page
County Cumberland
State PA
Zip Code 17011
Subject Front
400 East Chestnut Street
Sales Pdce NA
Gross Living Area 1,668
Total Rooms 5
Tot~ Bedrooms 3
Total Bathrooms 1
LocaUon Average
View Average
Site .99 Acre/P. Road
Qual~ Brick
Age 43 Years
Subject Rear
Subject Street
Form PIC3xS.SR -- fl'0TAL for Windows" appraisal software by a ia mode, inc. -- 1-800-ALAMOOE
Comparable Photo Page
............................... - ..........................................
ILenri~r 'l'lna Otto, E~quim
Comparable 1
111 W. Green Street
ROY. to Subject 0.61 miles
Sale Price 164,900
Gross Living Area 1,531
TotaJ Rooms 8
Total Bedrooms 3
Tatol Ba~ooms 1
Location Average
View Average
Sit6 .19 Acre
Clua~ty Alum/Stone/Vinyl
Age 39 Years
Comparable 2
201 Somerset Dd~
RO~ to Subject 0.67 miles
SaJe Pfic9 143,900
6r0ss Uving Area 1,257
Total Rooms 7
TotaJ Bedrooms 3
Total B~hrooms
Localion Average
View Average
Quality NunVarick
Age 30 Years
Comparable 3
302 W. Maple A~nue
Pmx. to Subject 0.82 miles
Sale Price 137,900
~ross Living Area 1,232
Total Rooms 6
Total Bedrooms 3
Tota~ Batf~ooms ~
Location Average
View Average
Site . .21 Acre
Quality eric~
Age 39 Years
Form PIC3x5.CR -- dOTAL for VCrndows" appraisal software by a la mode, inc. -- 1 -SQO-ALAMODE
Comparable Photo Page
[C~ ~.hjremans~ _.(T~p_. .................... .C~. _nbj... _C. p ~_l~,t_a_n .d_ .............~_.PA._ .......................... ~g C0de..17,0~ ! ........
)Lender lina Otto, Esquire
Comparable 4
112 W. Green Stre~
Pmx. to Subject 0.61 m~es
Sate PUce 132,900
Gross Living Ama 1,232
Tota~ Rooms 6
Total Bedrooms 3
TolaI Bathrooms 1.5
Location Average
View Average
~ .20 Ac~e
Age 3~ Ye~s
Comparable 5
Pmx. to Subject
Sale PUce
Gross Living Area
Tota~ Rooms
Total Bedrooms
Total Bathrooms
Loca~on
A~e
Comparable 6
Pro~ to Subject
Sale Price
Gross Uving Ama
Total Roams
TotaJ Bedrooms
Total B~roams
Laca~on
Age
Form PIC3x5.CR -- 'TOTAL for Windows' appraisaJ software by s la mode, inc. ~ 1-800-ALAMODE
JOHN M SPANGLER
407 E. CHESTNUT STREET
SHIREMANSTOWN PA 17011-6713
l:.llll.lll:l::.ll.:llllll.ll.l.~ll.:ll~ll:llll.llll:~l
Account: 0684-029525
F~NAN CIAL~!~0
FC~I~ T-HE PERIOD: March 1, 2003- March 28, 2003 UltraAsset Account PAGE 1 OF 13
JOHN M SPANGLER
407 E. CHESTNUT STREET
SHIREMANSTOWN PA 17011-6713
While It's still early in the year, be sure to take advantage of higher
annual and catch-up IRA contributions. Instead of making a lump sum
$3,000 contribution (or $3,500 if you are aged 50 or older) at the end of
the year or byApri[ 15, consider making monthly systematic deposits.
You can start by dividing the $3,000 into smaller, monthly investments of
$250. For more information, talk with your financial consultant.
BIL4NCH ADDRESS:
4400 DEER PATH ROAD
SUITE 100
HARRISBURG PA 17110
PHONE:
(800) 503,5874 Toll Free
YOUR ~J. OCA'rlON ON
03/28/2003
TOTAL Accoum' VALUE
$630.578.31
· Cash & Money Fund
[] Taxable Bonds
Total Account Value
Value on 02/28/2003 % Value on 03/28/2003 % Net Change
127,826.79 19.63 130,570.81 20.71 2,744.02
523,297.45 80.37 500,007.50 79.29 -23,289.95
,~651,, 124.24 100.00°/o $630,578.31 100.00°/0 -$20, 545.93
FOR THE PERIOD: March {, 2003 - March 28, 2003 Primary Investment Objective - Taxable Income Conservative PAGE 2 OF 13
This Period Year to Date This Period · Year to Date
Beginning Balance $127,826.79
Net Purchases & Sales 15,092.50
I n co me 1,548.48 12,806.12
Deposits/Transfers In 780. O0 2,780.65
Withdrawals/Tra nsfers Out -40,000. O0
Checks Clea red -10,798.63 -35,463.79
Visa Charges -3,869.33 -8,269.37
Margin Interest -0.36
Principal Repayments 414.30
Other -9. O0 -23. O0
Ending Balance $130,670.81
Net Change $2,744.02
Opening
Price
I I ! k II ;/_.T-' ~.'I,1 =1 J ~e] :l II a[e] N [el -~ [,] q ,] I: [~*~
% of
Quantity Description / Symbol Account
Taxable
I nte rest 1,448.03 12,666.38
Money Fu nd 100.45 139.74
Total Income $1,548.48 $12,806.12
Opening Current Current Unrealized
Value P rice Value Gain/Loss
Estimated Annual
Income % Ymld Type
CASH & MONEY FUND
130,570.81
TAXABLE BONDS
20,000
100,000
20,000
20,000
.140,000
CENTENNIAL MONEY MKI' TR
TOTAL CASH & MONEY FUND
20.71
20.71
FORD MOTOR CREDIT CO 5.8%
1-12-2009 SENIOR NOTES
MOOD¥'S/S&P RATING: A3/BBB
07/20/01 345397SG9 2.81
FORD MOTOR CREDIT CO 7. 375%
10-28-2009 GLOBAL LANDMARK
SECURITIES GLOBLS
MOODY'S/S&P RATING: A3/BBB
09/11/02 345397SM6
lm/~5/o2
~2/16/o2
Asset Total 20.96
130,570.81 1 130,570.81
$130,570.81 $130,570.81
97 19,404.00 88.572 17,714,40 -1,689.60
99.25 99,254.00 94,406.00 -4,848.00
98.75 19,755.00 18,881.20 -873.80
98.75 19,755.00 18,881.20 -873.80
138,764.00 94.406 132,168.40 ~6,595.60
1,280 0.98
$1,280, 0.98
M
7,375 M
1,475 M
1,475 M
10,325
7.81
1,160 6.55 M
ACCOUNT ~tl
FINANCIAL~
FOR THE PERIOD: March 1, 2003- March 28, 2003
UltraAsset Account
PAGE 3 OF 13
· ' ' · O ' 0 O O ! ¢olttil~ued
% of
Quantity Description / Symbol Account
Opening Opening
Price Value
Current Current Unrealized Estimated Annual
Price Value Gain/Loss Income % Y'mld Type
TAXABLE BONDS
40,000
30,000
40,000
12,000
512,000
HOUSEHOLD RN CORP 6.2%
8-15-2011 INTERNOTES
BOOK ENTRY
MOODY'S/S&P RATING: A2/A-
08/27/01 44181ECP1 6.36
SEARS ROEBUCK ACCEP CORP 7.75%
3-15-2013 INTERN OTES
MOODY'S/S&P RATING: B.~I/BBB+
03/17/03 6124JFBT2 4.79
GMAC 6.75% 7-15-2016
MEDIUM TERM SMARTNOTE5
BOOK ENTRY
MOODY'S/S&P RATING: A2/BBB
07/26/01 37042GPR1 7.51
DAIMLERCHRYSLER NA HLDG CORP
7% 8-15-2018 INTERN OTES
MOODY*S/S&P RATING:. A3/BBB+
08/06/01 2338EBAY5 12.69
HOUSEHOLD RNANCE CORP 7.5%
5.15-2022 INTERNOTES
MOODY'S/S&P RATING: A2/A-
06/03/02 44181EJC3 6.46
FHLMC 6% 8-15.2022
NOTES
08/26/02 3133FOVA4 15.81
BANK OF AMERICA CORP 6.8%
5-15-2027 INTERNOTES
MOODY'S/S&P RATING: 'M3/A
05/20/02 06OSOX]qN8 1.90
TOTAL TAXABLE BONDS 79.29
100 40,000.00
* 100 50,000.00
100 80,000.00
100 40,000.00
100 100,000.00
100
12,000.00
5310,168.00
100.334 40,133.60 133.60 2,480 6.18 C
100.604 30,181.20 181.20 2,325 7.70 C
94.765 47,382.50 -2,617.50 3,375 7.12 C
100 80,000.00 0.00 5,600 7.00 C
101.866 40,746.40 746.40 3,000 7.36 C
99.681 .99,681.00 -319.00 6,000 6.02 M
100 12,000.00 0.00 816 6.80 C
5300,007.50 -$10,160.80 535,081 7.02
Accou N? #.;~;~:684,
FINANCIAl; CONSULT
FOR THE PERIOD.' March 1, 2003, March 28, 2003 UIt~AssetA~count PAGE 4 OF 13
· , ' "e · i e e ~ continued
% of O~nin~ O~nin~ Current Cu~ent Unre.lEed Esti~ted Annual
~uant~y De~ript~n / S~I ~count Prke Value Prke Value Gain/Loss Inco~ % ~mld T~e
TOTAL ACCOUNT VALUE ,~>40,738.81 ~630, 578.31 -$10,160.50
Total Accrued Interest ~,907.93
Bond prices are approximations and may differ from current market quotes. ,Computerized pricing services are often unable to supply us with up-to-the-rein'ute
information. These prices are provided only as a general guide to value your account. All rating information is obtained from external sources considered to be
reliable, but its accuracy is not guaranteed by A. G. Edwards & Sons Inc.
$36,361 5.77
Date Transaction Type Quantity Description Price Amount
02/28 UAA Check CHILDREN'S MISSION FUND -5.00
02/28 Redemption -5 CENTENNIAL MONEY MKT TR 1 5.00
03/03 Deposit ELECTRONIC FUNDS TRANSFER 780.00
US TREASURY 303 SOC SEC
03/03 UAA Check COMCAST CABLEVISION -36.93
03/04 Fee VISA ADVANCE FEE -1. O0
03/04 VISA THE HEALTHY GROCER -95.96
CAMP HILL PA
O3/O4 VISA GIANT FOOD STORES #110 -144.78
CAMP HILL PA
03/04 VISA GIANT FOOD STORES #056 -148.30
CUMBERLAND PA
03/04 Cash Advance ATMO006 GIANT FOOD STOR -361.00
CAMP HILL PA
03/04 UAA Check DISABLED AMERICAN VETERAN -10. O0
03/04 UAA Check GRISWOLD SPECIAL CARE -365.00
03/04 UAA Check L JOY SCOTt -936.00
03/04 UAA Check DAVIE DUKE -819.00
03/04 Investment 743.07 CENTENNIAL MONEY MKTTR 1 -743.07
03/04 Redemption -2,881.04 . CENTENNIAL MONEY MK-rTI{ I 2,881.04
03/06 UAACheck FAULKNER NISSAN, INC -50.77
03/06 Redemption -50.77 CENTENNIAL MONEY MKT TR' I 50.77
03/07 VISA GIANT FOOD STORES #110 -32.69
CAMP HILL PA
03/07 Redemption -32.69 CENTENNIAL MONEY MK-r TR 1 32.69
-O3/lO Fee VISA ADVANCE FEE -1.00
FOR THE )ERIOD: March 1, 2003- March 28, 2003 UltraAsset Account
PAGE 5 OF 13
Date Transaction Type Quantity Description Pr'ge
03/10 VISA · BJ WHOLESALE//0025 WOX
HARRISBURG PA
03/10 VISA PETSMART# 0583
MECHANICSBURG PA
03/10 VISA MYVITANET. COM
800-807-8080 OH
03/10 Cash Advance ATM4644 4242 CARLISLE P
CAMP HILL PA
03/10 Redemption :301.79 CENTENNIAL MONEY MKT TR 1
03/11 ViSA KARNS QUALI'[Y FOOD
LEMOYNE PA
03/11 UAA Check HAPRIET CONRAD
03/11 UAA Check L JOY SCO'IT
03/11 UAA Check DONIE JO DEALER
03/11 Redemption -2,021.62 CENTENNIAL MONEY MI(T TR 1
03/12 VISA PETSMART# 0583
MECHANICSBURG PA
03/12 UAA Check JOANN TAYLOR
03/12 UAA Check CAPITAL BLUE CROSS
03/12 UAA Check PPL ELECTRIC UTILLITIES
03/12 UAACheck BONNIE KMILLER, TREASURE
03/12 Redemption -1,293.91 CENTENNIAL MONEY MKI' TR 1
03/13 Fee VISA ADVANCE FEE
03/13 VISA WEIS MARKET#58
MECHANICSBURG PA
03/13 Cash Advance ATM4651 5288 SIMPSON FE
MECHANICSBUR PA
03/13 UAA Check COMCAST CABLE
03/13 UAA Check COMMONWEALTH OF PA
03/13 Investment CENTENNIAL MONEY MKTTR t
· 03/13 Investment 14o 020.11 CENTENNIAL MONEY MKT TR 1
03/13 Investment CENTENNIAL MONEY MKTTR 1
03/13 Redemption -429.80 CENTENNIAL MONEY MKT TR 1
03/13 Sold -5,000 HER'[Z CORP 6.625% 5-15-2008 91.25
SENIOR NOTE
YIELD TO MATURITY 8.76 %
INCLUDES ACCRUED INTEREST
OF $108.58
Amount
-42.35
-62.49
-75.95
301.79
-52.12
-234.00
-1,267.50
-468. O0
2,021.62
-22.22
-130.00
-567.42
-99.01
-475.26
1,293.91
-1.00
-114.87
-240. O0
-36.93
-37. O0
-9,354.03
-4,666.08
429.80
4,666.08
ACCOUNT!~;
FOR THE PERIOD: March 1, 2003- March 28, 2003 UltraAssetAccount PAGE 6 OF 13
~ continued
Date Transaction Type Quantity Description ' Price Amount
03/13 Sold -10,000 90.50 9,354.03
03/14 UAA Check
03/14 Redemption
03/17 Fee
03/17 VISA
03/17 Cash Advance
03/17 Cash Advance
03/17 UAACheck
03/17 UAACheck
03/17 UAACheck
03/17 Redemption
03/17 Interest On
03/17 Interest On
03/17 Interest On
03/18 VISA
03/18
03/18
03/18
03/18'
03/18
03/19
03/19
03/19
03/19
03/19
03/19
'UAACheck
UAACheck
UAACheck
UAACheck
Redemption
Fee
Cash Advance
-10 I
-363; 87 1
80,000
40,000
-2,562.52 I
Investment 1
Invest ment 19,706.25 1
Investment 1
Redemption -222 1
HER1-/CORP 6. 250/0 3-15-2009
NOTE-BOOK ENTRY
YIELD TO MATURITY 8.29 %
INCLUDES ACCRUED INTEREST
OF $309.03
THE SALVATION ARMY
CENTENNIAL MONEY MKT TR
VISA ADVANCE FEE
GNC #O5272
MECHANICSBURG PA
ATM4651 5288 SIMPSON FE
MECHANICSBUR PA
ATMB5 WEST SHORE PI.AZ
LEMOYNE PA
PRUDENTIAL
JUDY C PROWELL
JUDY C PROWELL
CENTENNIAL MONEY MKI' TR
DAIMLERCHRYSLER NA HLDG CORP
7o/0 8-15-2016 INTERNOTES
HOUSEHOLD FINANCE CORP 7.5°/°
5-15-2022 INTERNOTES
HOUSEHOLD FINANCE CORP 7.50/0
6-15-2022 INTERNOTES
GIANT FOOD STORES #110
CAMP HILL PA
GRISWOLD SPECIAL CARE
HARRIET CONRAD
L JOY SCOTf
DORIE DUBE
CENTENNIAL MONEY MKT TR
VISA ADVANCE FEE
ATMOOO6 GIANT FOOD STOR
CAMP HILL PA
CENTENNIAL MONEY MKT TR
CENTENNIAL MONEY MK1- TR
CENTENNIAL MONEY MKT TR
CENTENNIAL MONEY MKT TR
-10.00
10.00
-2.00-42.g7
-202.00
-228.00
-610.77
-9.80
363.87
466.67
75. O0
250.00
-124.52
-800. O0
-234. O0
-g36. O0
-468. O0
2,562.52
-1.00
-221. O0
-18,914.58
-791.67
222.00
~ ACCOUNT ~,
~ FINANCIALi~N
FOR THE PERIOD: March ?, 2003 - March 28, 2003
~ continued
Date Transaction Type Quantity
UltraAsset Account
Description Price Amount
03/19 Sold -20,000 GMAC 5.85% 1-14-2009 97.50 19,706.25
SENIOR NOTE-BOOK ENTRY
YIELD TO MATURITY 6.368 %
INCLUDES ACCRUED iNTEREST
OF $211.25
03/20 UAA Check THE SALVATION ARMY -10.00
03/20 Redemption CENTENNIAL MONEY MK'r TR I 11,055.42
03/20 Redemption CENTENNIAL MONEY MKI' TR I 18,944.58
03/20 Redemption -30,000 CENTENNIAL MONEY MKT TR 1
03/20 Bought 30,000 SEARS ROEBUCK ACCEP CORP 7.75% 100 -30,000.00
6.11
03/21 VISA
03/21 Capital Gain
03/21 Dividend ~.34
3-15-2013 INTERNOTES
Dm 03/20/03 1ST-INT 09/15/03
YIELB TO MATURITY 7.75 %
CAU.ABLE 03/15/04 @ 100.000
SEMI-ANNUAL THEREAFTER
GIANT FOOD STORES #110
CAMP HILL PA
CENTENNIAL MONEY Ml('r TR
LONG TERM CAP GAIN DIST
00.07% 28 DAY AVERAGE YIELD
FOR PERIOD ENDING 03/20/03
AUTOMATICALLY REINVESTED
CENTENNIAL MONEY MI(I' TR
00.99% 28 DAY AVERAGE YIELD
FOR PERIOD ENDING 03/20/03
AUTOMATICALLY REINVESTED
CENTENNIAL MONEY MKr TR
CENTENNIAL MONEY Mk"r TR
CENTENNIAL MONEY MKT TR
KEYSTONE OIL
PAWC
VERIZON
CENTENNIAL MONEY MKT TR
THE BLUE DOG PET SHOP
LEMOYNE PA
HARRIET CONRAD
L JOY SCOT[
DAVE DUKE
03/25 UAA Check -234..00
_03/25 UAA Check -936.00
03/25 UAA Check -234.00
PAGE 7 OF 13
03/21 Redemption -10 1
03/21 Redemption I 10.00
03/21 Redemption -24.02 I 24.02
03/24 UAA Check -181.02
03/24 UAA Check -39.47
03/24 UAA Check -95.75
03/24 Redemption -316.24 I 316.24
03/25 VISA -30.62
. i~'~, ...
FOR THE PERIOD: March 1, '2003- March 28, 2003 UltraAsset Account
~ continued
Date Transaction Type Quantity Description Price ' Amount
03/25 UAA Check -234. O0
03/25 Redemption '1,668.62
03/26 Fee -1.00
03/26 VISA -45.97
03/26 Cash Advance
03/26 Investment
03/26 Investment
03/26 Redemption
03/26 Sold
03/27 Cash Advance
03/27 Cash Advance
03/27 Redemption
03/28 Fee
DAVIE DUKE
-1 , 668.62 CENTENNIAL MONEY MKTTR 1
VISA ADVANCE FEE
GNC #O5272
MECHANICSBURG PA
ATM2582 798 SIMPSON FER
MECHANICSBUR PA
12,022.50' CENTENNIAL MONEY MKTTR 1
CENTENNIAL MONEY MKT TI{ 1
-448.47 CENTENNIAL MONEY MKT TR 1
-12,000 N OUS EHOLD FINANCE CORP 7.50/0 100
5-15-2022 INTERNOTES
YIELD TO MATURITY 7.50 %
INCLUDES ACCRUED INTEREST
OF $27.50
ATM6265 3431 SIMPSON 1
CAMP HILL PA
ATM6265 3431 SIMPSON 1
CAMP HILL PA
-1,206 CENTENNIAL MONEY MICr TR 1
VISA ADVANCE FEE
-12,022.50
448.47
12,022.50
-602. O0
-602. O0
1,206. O0
-2.00
PAGE 8 OF 13
Date Transaction Type
03/13 Accrlnt On
03/13 Accrlnt On
03/17 Interest On
Quantity Description Amount
5,000 HERTZ CORP 6.625% 5-15-2008 108.58
SENIOR NOTE
YIELD TO MATURITY 8.76 %
INCLUDES ACCRUED INTEREST
OF $108.58
HER1-/CORP 6.25% 3-15-2009
NOTE-BOOK ENTRY
YIELD TO MATURITY 8.29 %
INCI:UDES ACCRUED INTEREST
OF $309.03
DAIMLERCHRYSLER NA HLDG CORP
7% 8-15-2016 INTERNOTES
80,000
309.03
466.67
F NANc AL~!N ~
FOR THE PERIOD: March1, 2003- March 28, 2003 UltraAsset Account PAGE g OF 13
~ continued
Date Transaction Type Quantity Description Amount
03/17 Interest On 12,000 HOUSEHOLD FINANCE CORP 7. 5% 75.00
5-15-2022 INTERNOTES
03/17 Interest On 40,000 HOUSEHOLD FINANCE CORP 7.5% 250.00
6-15-2022 INTERNOTES
03/19 Accr Int On 20,000 GMAC 5.85% 1-14-2009 211.25
SENIOR NOTE-BOOK ENTRY
YIELD TO MATURITY 6.368 %
INCLUDES ACCRUED INTEREST
OF $211.25
CENTENNIAL MONEY MKT TR
LONG TERM CAP GAIN DIST
00.07% 28 DAY AVERAGE YIELD
FOR PERIOD ENDING 03/20/03
AUTOMATICALLY REINVESTED
03/21 Dividend CENTENNIAL MONEY MK'r TR 94.34
00.99°/0 28 DAY AVERAGE YIELD
FOR PERIOD ENDING 03/20/03
AUTOMATICALLY REINVESTED
03/26 Accr Int On 12,003 HOUSEHOLD FINANCE CORP 7.5% 27.50
5-15-2022 INTERNOTE5
YIELD TO MATURITY 7.50 %
INCLUDES ACCRUED INTEREST
OF $'27.50
03/21 Capital Gain 6.11
Total $1,548.48
Date Transaction Type Quantity Description Price
CASH
03/03 Deposit
ELECTRONIC FUNDS TRANSFER
US TREASURY 303 SOC SEC
Amount
780. O0
Total Deposits/Transfers In 5780. O0
ACCOUNT ~:
FINANCIA~
FOR THE PERIOD: March f, 2003 - March 28, 2003 UltraAssetAccount PAGE 10 OF 13
Check Check Cleared Expensa
No Date Date Code
Payee Amount
688 02/09
693 02/15
700 02/15
703 02/19
706 02123
709 02 ~23
710 02 ~28
711 03 ~02
712 03 ~04
713 03 ;06
714 03 ~07
715 03 ;08
716 03/08
717 03/08
718 03/08
719 03/08
720 o3/o8
721 03/08
722 03/08
723 03/08
725 03/08
726 03/09
727 03/13
728 03/14
729 03/16
730 03/19
731 03/19
732 03/19
733 03/20
734 03/21
735 03/23
736 03/22
02 '28
03 '14
03 '04
03 '12
03 '03
03 t04
03104
03t04
03 I06
O3/11
O3/11
03/12
03/13
03/20
03/12
03/17
03/17
03/17
03/12
03/13
03/18
03/11
03/18
03 f18
03 ~18
03 ~24
03 ~24
03 ~24
03 ~25
03 ~25
03 ~25
03 ~25
cHILDREN'S MISSION FUND 5. O0
THE SALVATION ARMY 10. O0
DISABLED AMERICAN VETERAN 10. O0
JOANN TAYLOR 130. O0
COMCAST CABLEVISION 36.93
GRISWOLD SPECIAL CARE 365. O0
L JOY SCOT[ 936. O0
DAVIE DUKE 819. O0
FAULKNER NISSAN, INC 50.77
. HAPRIET CONP, AD 234. O0
L JOY SCOT/ 1,267.50
CAPITAL BLUE CROSS 567.42
COMCAST CABLE 36.93
THE SALVATION ARMY 10. O0
PPL ELECTRIC UTILLITIE5 99.01
PRUDENTIAL 228. O0
JUDY C PROWELL 610.77
JUDY C PROWELL 9.80
BONNIE K MILLER, TREASURE 475.26
COMMONWEALTH OF PA 37. O0
GRISWOLD SPECIAL CARE 800. O0
DONIE JO DEALER 468. O0
HARRIET CONRAD 234. O0
L JOY SCOTr g36. O0
DORIE DUBE 468. O0
KEYSTONE OIL 181. O2
PAWC 39.47
VERIZON 95.75
HARRIET CONRAD 234. O0
L JOY 5COTr 936. O0
DAVIE DUKE 234. O0
DAVlE DUKE 234. O0
Total Checks Cleared 510,798.63
Inquiries on your checking activity? Call toll-free (800) 825-1822 8 AM to 8 PM Monday through Friday,
Saturday 8 AM to 5 PM, Sunday 1lAM to 5 PM.
ACCOUNT ~i:~ i ~
FINAN CIAL!~I~i
FOR THE PERIOD: March 1, 2003- March 28, 2003 UltraAsset Account PAGE 11 OF 13
Expense Code Description This Period Year to Date
Unspecified 10,798.63 35,463.79
Posting Date Transaction Type Transaction Date Vendor Amount
O3
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
03
O3
O3
f04 Purchase 03/01 THE HEALTHY GROCER CAMP HILL PA
'04 Purchase 03/01 GIANT FOOD STORES #110 CAMP HILL PA
'04 Cash Advance 03/01 ATMO006 GIANT FOOD STOR CAMP HILL PA
'04 Purchase 03/02 GIANT FOOD STORES ~)58 CUMBERLAND PA
'07 Purchase 03/05 GIANT FOOD STORES #110 CAMP HILL PA
/10 Purchase 03/06 BJ WHOLESALE #0025 WOX HARRISBURG PA
/10 Purchase 03/06 PETSMART # 0583 MECHANICSBURG PA
10 Cash Advance 03/06 ATM4644 4242 CARLISLE P CAMP HILL PA
/10 Purchase 03/07 MYVITANET. COM 800-807-8080 OH
/11 Purchase 03/09 KARNS QUALITY FOOD LEMOYNE PA
/12 Pu rcha se 03/09 PETSMART # 0583 MECHANICSBURG PA
/17 Purchase 03/10 GNC #05272 MECHANICSBURG PA
/13 Purchase 03/11 WEIS MARKET #58 MECHANICSBURG PA
/13 Cash Advance 03/11 ATM4651 5288 SIMPSON FE MECHANICSBUR PA
/17 Cash Advance 03/14 ATM4651 5288 SIMPSON FE MECHANICSBUR PA
I17 Cash Advance 03/14 ATMB5 WEST SHORE PLAZ LEMOYNE PA
f18 Purchase 03/15 GIANT FOOD STORES #110 CAMP HILL PA
119 Cash Advance .03/17 ATMO006 GIANT FOOD STOR CAMP HILL PA
I21 Purchase 03/19 GIANT FOOD STORES #110 CAMP HILL PA
t26 Purchase 03/21 GNC #05272 MECHANICSBURG PA
125 Purchase ~ 03/23 THE BLUE DOG PET SHOP LEMOYNE PA
f26 Cash Advance 03/24 ATM2582 798 SIMPSON FEE MECHANICSBUR PA
~ Cash Advance ~/2~/266~f~h ATM6265 3431 SIMPSON I CAMP HILL PA
f27 Cash Advance ATM6265 3431 SIMPSON I CAMP HILL PA
Total Visa Charges
Inquiries on your VISA card? Call toll-free (800) 825-1822 8 AM to 8 PM
tol(-free (800)556-5678 on our 24-hour hotline.
95.96
144.78
361.00
148.30
32.69
42.35
62.49
120.00
75.95
52.12
42.97
114.87
240.00
202.03
124.52
221.00
24.02
45.97
4Ol.5O
802. oo /
Monday through Fdday, Saturday 8 AM to 5 PM, Sunday 1lAM to 5 PM. Lost VISA card? Call
Fo~ THE PEI~IOO: March 1, 2003 - March 28, 2003 UltraAsset Account PAGE 12 OF 13
Quantity Description Purchase Date Sale Date Cost Proceeds Gain/Loss
SHORT TERM
12,000 BOEING CAPITAL CORP 6.7% 05/06/02 02/07/03 12,000. O0 11,99~. O0 -5. O0
35,000 FORD MOTOR CO 7.25% 10-1-2008 11/08/02 02/20/03 33,430.00 34,820.00 1,390.00
30,000 FORD MOTOR CO 6.625% 10-1-2028 05/28/02 02/13/03 27,379.00 22,757.50 -4,621.50
5,000 H ER1-Z CORP 6. 625% 5-15-2008 05/03/02 03/10/03 4,872.75 4,557.5O -315.25
10,000 HERTZ CORP 6.25% 3-15-2009 05/07/02 03/10/03 9,454.00 9,045.00 -409.00
12,000 HOUSEHOLD FINANCE CORP 7.5% 05/20/02 03/21/03 12,000. O0 11,995. O0 -5.00
5,000 LOEWS CORP 7% 10-15-23 05/03/02 02/07/03 4,922.75 4,895. O0 -27.75
Short Term Gain 1,390.00
Short Term Loss -5,383.50 '
Net Short Term Gain/Loss -$3,993.50
LONG TERM
50,000 DAIMLERCHRYSLER NA 7.75% 12/17/01 02/10/03 50,000.00 50,745. O0
25,O0O FNMA6% 8-1-08 P.T. 07/26/01 02/20/03 . 4,487.05 4,553.00
20,000 GMAC 5.85% 1-14-2009 07/23/01 03/14/03 19,654.00 19,495.00
Net Long Term Gain/Loss
Total Gain/Loss
Settlement Date Trade Date Transaction Type
Long Term Gain
Long Term Loss
Quantity Description Prke
745.00
65.95
-159.00
810.95
-159.00
.~651.95
-$3,341.55
Amount
03/31/03 03/26/03 Sold -12,000 100.75
03/31/03 03/26/03 Sold -80,000 100
BANK OF AMERICA CORP 6.8%
5-15-2027 INTERNOTES
YIELD TO MATURITY 6.74 %
INCLUDES ACCRUED INTEREST
OF $308.27
DAIMLERCHRYSLER NA HLDG CORP
7o/o 8-15-2016 INTERNOTE5
YIELD TO MATURITY 6.999 %
INCLUDES ACCRUED INTEREST
OF $248.89
12,393.27
80,243.89
ACCOUNT ~?
FINAN CIAL]i~
FOR THE PERIOD: March 1, 2003- M~rch 28, 2003 UIt~Asset Ac~ount PAGE 1~ OF 1~
: ,. I fl ~ '- ~i ~ I '- I I continued
Settlement Date Trade Date Transaction Type Quantity Description Price Amount
03/31/03 03/26/03 Sold -20,000 87.50 17,749.56
03/31/03 03/26/03 Sold
FORD MOTOR CREDIT CO 5.8o/0
1-12'2(X)9 SENIOR NOTES
YIEED TO MATURITY 8.54 %
INCLUDES ACCRUED INTEREST
OF $2.54.56
-140,000 FORD MOTOR CREDIT CO 7.375% 92.875 134,408.13'
03/31/03 03/26/03 Sold -50,000 94 47,707.50
03/31/03 03/26/03 S old -40,000 100.75 40,428.33
03/31/03 03/26/03 Sold -30,000 100 30,066. o4
10-28-200g GLOBAL LANDMARK
SECURITIES GLOBLS
YIELD TO MATURITY 8.83 %
INCLUDES ACCRUED INTEREST
OF $4,388.13
GMAC 6.75% 7'15'2016
MEDIUM TERM SMARTNOTES
BOOK ENTRY
YIELD TO MATURITY 7.468 %
CALLABLE 07/15/04 @ 100
INCLUDES ACCRUED INTEREST
OF $712.50
HOUSEHOLD FINANCE CORP 7.50/0
6-15-2022 INTERNOTES
YIELD TO MATURITY 7.43 %
YIELD TO CALL @ 100=7.29
CALLABLE 06/15/07 @ 100
INCLUDES ACCRUED INTEREST
OF $133.33
SEARS ROEBUCK ACCEP CORP 7.75%
3-15-2013 INTERNOTES
DTD 03/20/03 1ST-INT 09/15/03
YIELD TO MAI'URITY 7.75 %
CALLABLE 03/15/04 L~ 100
INCLUDES ACCRUED INTEREST
OF $71.04
END OF STATEMENT
A Guide to Your Statement
The following information Is provided to glve you a bet~r
understanding of your A. G. Edwards & Sons, Inc.
iA. G. Edwards) statement:
Cash Row Summary
The category 'Security Redemptions' includes all t~pes of
cash redemptions, except money funds.
PodfoUo Holdings
This section lists cash, money funds, and pricedand
unp riced securities by asset category as of the statement
period ending date. The foUowing a m expla nations for
the notes that may appear in this section:
At Fund- These mutual fund positions am provided to
you by A. G. Edwards as reported to us by the fund
custodians. These positions may not represent all your
mutual fund investmenta, and these positions are not
covered bythe Securities investor Protection
Corporation (SIPC). The safekeeping of these shares Is
the responsibility of the fund, which will send you
account statements for these investments. Share
amounts may differ because of varying accounting
periods.
Bearer- A non-registered bond held In your account.
In Your Name- Indicates secu rilles held for you,
registered in your name(s).
Restricted - Indicates restricted securities held for you,
registered in your name(s).
Short - Securities in your short account.
Written - Options sold and subject to assignment.
Secaritles You Owe Us- Sacurities sold and not
received byA. G. Edwards as of the statement period
ending date.
In the Ty~ column, please find the following letters that
reflect account type:
C Cash M Margin S Short
Expense Code ~mmr~
For UltraAsset Accounts, this section summarizes and
totals expenses by category for the cu trent period and
year-to-date.
Position Pddn8 Method
For listed stocks, bonds and over-thecounter stocks,
prices are as of the close of business on the period
ending date or ~ most representative price available on
that date. For over-the-counter bonds Inciudingcorporata
bonds, municipal bonds, and certificates of deposit, we
do not provide actual bids. Instead, we provide general
approximations based on a computerized pricing model
that may not reflect the actual market price. Contact your
financial consultant for an actual quote before making
investment decisions. No representation is made as to
the accuracy of prices or of the estimated annual Incomes
Indicated.
Estimted Annual Incorua
This income amount does not include capltal gain
payments made during the Current year or any anticipated
in future years.
Gain/Loss Summr~
The Gain/Loss Summary on your statement in no way
constitutes an olflcial accounting of gains and losses by
A. G. Edwards. Please consult your tax advisor to
determine the tax consequences of your securltlas
transactions. Your statement containing the Gain/Loss
Summary Is not a substitute for your own records and
1099 ~orms. A. G. Edwards does not report capital gains
or losses to the IRS. Unrealized ~alns/Iosses am
estimates based on our position pricing methods referred
to herein. Cost lot information and acquisition dates for
securities may have been manoaliy entered bore data you
provided to your Rnanclal Consultant. Please review this
information for accuracy.
Account Protection
All A. G. Edwerds securities accounts are protected by the
Securities Investor Protection Corporation (StPC) to a
maximum of $500,000 per eligible account, sub]eot to a
maximum limit of $100.000 on cash claims. We have
purchased additional protection up to the furl value of
your account (as determined by SIPC) through a
commercial Insurance company. This protection Includes
the full value ofyourcash balances. This account
protection packe~e does not cover losses resulting fi.om
declines In the market value of your Investments.
Positions with the note Account Protection are not
covered by SIPC. Ask your financial consultant for more
details on our account protection packaga.
Joint Accounts
The fotlowlngabbrevlatlons, when used in the account
registration on the face of this statement, shall be construed
as though they were written out in full according to applicable
laws or regulations:
TenCom- As tenantslncommon.
Ten Ent- As tenants by the e ntlretles.
J tTee - AS joint tenents with rights of survivorship and notas
tenante In common. Residents of community property states,
includlng Texas and Louisiana, may have stata statutes that
may praciude or limit this form of registration. Therefore,
assets held In accounts with this form of reglstratlon may not
become the sole property of the surviving joint tenant.
Residents of community property states should consult
counsel as to the manner and consequences of establishing
such an account. Additional abbreviations not In the
preceding list may also be used.
$ystematic Fund Redemptions
I~ mutual fund redemptions occur on a systematic or regular
basis in your account, individual transaction confirmations
are not sent. Your statement is provided in lieu of regular
transactionconflrmations. Nt information that would
otherwise have been contained In such confirmations is
available to you upon written request.
Mars, in Account
If this is a margin account and we maintain a special
memorandum account for you, this Is a combined statement
of both your general account and the special memorandum
account maintained for you under Section 220.6 of Regulation
T issued by the board of govarnors of the Federel Reserve
system. The permanent record of the special memorandum
account as required by Regulation T is available for y~ur
inspection at your request.
Ree Oedit Balance
Free credit balances and fully paid securities are
available to clients on request. Free credit balances
are not segregated and may be used by the firm but
only to the extent permitted by federal regulations
(Rule 15c3,3 customer protection).
Option Accounts
Further information with respect to commissions and
other charges related to the execution of [isled option
transactions has been Included in confirmations of
such transactions previously [urnlshed to you and
will be made available to you promptly upon request.
Please advise us promptly of any material change in
your investment objectives or financial situation.
'Total Account Value' (~ccount equity) is computed
by subtracting the total of short securities values
and any debit balance [rom the total of long
securities values and any credit b,fla nce. ~
financial Statement
A financial statement nfA. G. Edwards is available
for your personal inspection at its olflce, you may
request in writing that a copy be mailed to you.
Keep This Statement
This statement is an offlctai record of your account(s).
Statements sent to you writ be conciusiva if not
objected to byyou within 10 days after they are sent
to you. In addition, for most accounts, we will
provide a Form 1099 at year end, which will contain
tax-reportable items.
Use ofF-mil
NI e-mail sent to and from A. G. Ect~ards Is.subject to
monitoring, review by, or disclosure to someone other
than the recipient. Additionally, e-mall may be retained
by the A. B. Edwards' corporate e-mall system. The
confidentiality of Internet e-mall cannot be guaranteed.
Therefore, do not include your account numbers, credit
card numbers, passwords or other private information
In e-mail to us. A.G. Edwerds will not accept by e-mail
orders to purchase or sell, address changes, funds
transfer requests or any other instructions requiring
your signature.
Date of Death: 03/26/2003
Valuation Date: 03/26/2003
Processing Date: 06/05/2003
Estate Valuation
Shares Security
or Par Description
High/Ask
Low/Bid
1) 40000
2) 100000
HOUSEHOLD FIN CORP INT NT BE (44181ECP1)
OTC
DTD: 08/30/2001 Mat: 08/15/2011 6.2%
03/26/2003
Int: 02/15/2003 to 03/26/2003
FEDERAL HOME LN MTG CORP (3133FOVA4)
OTC
DTD: 08/29/2002 Mat: 08/15/2022 6%
03/26/2003
Int: 02/15/2003 to 03/26/2003
100.12390 Bid
101.33220 Bid
Estate of: Spangler, John
Account: 11776.1
Report Type: Date of Death
Number of Securities: 2
File ID: Spangler
Mean and/or Div and Int Security
Adjustments Accruals Value
100.123900 40,049.56
282.44
101.332200 101,332.20
683.33
Total Value:
Total Accrual:
Total: $142,347.53
$965.77
$141,381.76
Page 1
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc.
please contact EVP Systems at (818) 313-6300. (Revision 6.4.0)
If you have questions,
Dat~ of Death: 03/26/2003
Valuation Date: 03/26/2003
Processing Date: 07/22/2003
Shares Security
or Par Description
1) 12000
2) 80000
3) 20000
4)
5)
50000
6) 40000
7) 30000
High/Ask
Low/Bid
BANK AMER CORP SUB INTNTS BE (06050XFW8)
OTC
DTD: 05/23/2002 Mat: 05/15/2027 6.8%
03/26/2003
104.39530 Bid
Int: 11/15/2002 to 03/26/2003
DAIMLERCHRYSLER NA HLDG INT NT (2338ESAY5)
OTC
DTD: 08/09/2001 Mat: 08/15/2016 7%
03/26/2003
101.60890 Bid
Int: 03/15/2003 to 03/26/2003
FORD MOTOR CR CO (345397SG9)
OTC
DTD: 01/12/1999 Mat: 01/12/2009 5.8%
03/26/2003
89.63360 Bid
Int: 01/12/2003 to 03/26/2003
Unknown CUSIP (345397SM6)
GENERAL MTRS ACCEP CPSMARTNBE (37042GPR1)
OTC
DTD: 07/31/2001 Mat: 07/15/2016 6.75%
03/26/2003
96.31670 Bid
Int: 01/15/2003 to 03/26/2003
HOUSEHOLD FIN CORP INT NT BE (44181EJC3)
OTC
DTD: 06/06/2002 Mat: 06/15/2022 7.5%
03/26/2003
101.80830 Bid
Int: 03/15/2003 to 03/26/2003
SEARS ROEBUCK ACCEP CORP INTER (8124JFBT2)
OTC
DTD: 03/20/2003 Mat: 03/15/2013 7.75%
03/26/2003
102.54990 Bid
Int: 03/20/2003 to 03/26/2003
Estate of: John M. Spangler
Account: 11776.1
Report Type: Date of Death
Number of Securities: 7
File ID: spangler2
Mean and/or Div and Int Security
Adjustments Accruals Value
104.395300 12,527.44
296.93
101.608900 81,287.12
171.11
89.633600
238.44
17,926.72
0.00
96.316700 48,158.35
665.63
101.808300 40,723.32
91.67
102.549900 30,764.97
38.75
Total Value:
Total Accrual:
Total: $232,890.45
$1,502.53
$231,387.92
Page 1
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc.
please contact EVP Systems at (818) 313-6300. (Revision 6.4.0)
If you have questions,
PNCBANK
P.OlyO1
PNCBAhK
June 17, 2003
Matte, Evans & Woodside
Atto: Tina L Otto
3401 N Front St.
P O Box 5950
Harrisburg, PA 17110-0950
sop
Estatc of John M Spauglcr (D~ceaze, d)
SSN: 19~,-26-6491
DOD: 03-26-2003
Dear Mr. Spangl~r:.
In response to your request for Date of Death balances for the antomor not~
above, our records show the following:
Checking Account
Account'#5002092909 Establishtx103-07-2000
JOHN M SPANOL£R
DOD balance: $618.88 Non interest bearing account
The decedent did not maintain any safe deposit box or loans at PNC Bank.
Please note that this office only provides date of death balances for deposit
accounts (IRAs, CDs, Checking and Savings accounts). We do not process any
financial transactions or provide statements. If you need assistance with any of
these items, please call 1-888-PNC-BANK (1-888-762.2265) or stop by your local
PNC Bank branch office.
Siacerely,
Erlca L 8¢hlegol
PNC Decedent Reporting
Firstside Center
500 First Ave, ,~h~ F1 CIF
Pittsburgh PA I5219-3128
1-800-762-1775
Mombor FDIC
TOTAL P.01
* ,. 15-51 P 710 487 716
03 28 03 47 AUSTIN. TEXAS
32149938 I30 012022823SPAN PHILA
~to I,,,lll,,,lll,,,,,,ll,,,ll,ll,,I,,,I,,,ll,l,,lll,,,ll,,,,,I,II
theord~of JOHN M SPANGLER
400 E CHESTNUT ST
SHIREMANSTOWN PA 17011-6714
TAX
~k No.
2305 32149938
REFUND194-26-6491
12/02
38
$***4000*00
VOID AFTER ONE YEAR
· / ~?~n ~
,';~:tOS&,' i:OOOOOOSI, 8': :t;]i,t, qq:tP,?,, Ol~O:~O:~
Register of Wills of Cumberland County, Pennsylvania
INVENTORY
Estate of JOHN M. SPANGLER No. 21-03-031'1
also known as
Date of Death March 26,2003
, Deceased Social Security No. 194-26-6491
Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following inventory include all of
the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the
valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedenrs death, and that
Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the
end of this inventory. I/VVe verify that the statements made in this Inventory are true and correct. INVe understand that false
statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities.
Name of
Attorney:
I.D. No.:
Address
Telephone:
Vicky Ann Trimmer, Esquire
49679
3401 N. Front Street, Harrisburg, PA 17110-0950
(717) 232-5000
Personal Representative:
James A. Ulsh
D,~h~pe Freundel .~
Dated: / / (0 '¥/~)
DESCRIPTION
1. Residence at 400 E. Chestnut Street, Shiremanstown, Cumberland
County, PA, tax parcel #13-23-0555-085.
2. Real estate at 301 S. Stoner Avenue, Lower Allen Township,
Cumberland County, PA, tax parcel #37-23-0555-346.
3. A.G. Edwards Account #684-029525-014
4. Cash in House
5. PNC Bank Checking Account #5002092909
6. 1980 Mercedes Station Wagon - junk
7. 1998 Nissan Maxima Sedan
VALUE
$145,ooo.oo
$1oo,ooo.oo
$64o,221.92
$ 616.88
$ 618.88
$ o.oo
$ lO,467.5o
Register of Wills of Cumberland County,
INVENTORY
(PAGE 2)
Estate of JOHN M. SPANGLER
Pennsylvania
No. 21-03-0311
also known as
Date of Death March 26, 2003
, Deceased Social Security No. 194-26-6491
DESCRIPTION
8. 2002 Federal Income Tax Refund
9. Capital Blue Cross Refunds
10. Express Scripts Refunds
11. 1000 shares of Alaska Oil & Mineral Co., Inc. - worthless - no value
12. Household items and personal property
VALUE
$ 4,000.00
$ 1,250.00
$ 315.07
$ o.oo
$ 2,500.00
TOTAL:
382829vl
BUREAU OF INDIVIDUAL TAXES
INHERTTANCE TAX DIVTSTON
DEPT. Z80601
HARRTSBURG, PA 171Z8-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEHENT, ALLO#ANCE OR D/SALLOHANCE
OF DEDUCTIONS AND ASSESSHENT OF TAX
REV-1G~? EX &FP (01-05)
VICKY ANN TRIMMER ESQ
METTE ETAL
PO BOX 5950
HB$ PA 171'10
DATE 01-19-2004
ESTATE OF SPANSLER
DATE OF DEATH 05-26-2005
FILE NUMBER 21 05-0511
COUNTY CUMBERLAND
ACN 101
Amoun'l: Rem/'l:'l:ed
JOHN M
HAKE CHECK PAYABLE AND REHZT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 1701:5
CUT ALONG THIS LINE ~'~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV-1547 EX AFP (01-03) NOT/CE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF SPANGLER JOHN MFZLE NO. 21 03-0:511 ACN 101 DATE 01-19-Z00~
TAX RETURN NAS: (X) ACCEPTED AS FILED ( ) CHANGED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Es~e~e (Schedule A) (1)
2. S~ocks and Bonds (Schedule B) (2)
3. Closely Held S~ock/Par~nership In~eres~ (Schedule C) ($)
~. Hor~gages/No~es Receivable (Schedule D) (q)
$. Cash/Bank Deposi~s/Hisc. Personal Proper~y (Schedule E) (5)
6. Join*ly Owned Proper~y (Schedule F) (6)
7. Transfers (Schedule G) (7)
8. To,al Asse~s
APPROVED DEDUCTIONS AND EXEHPTZONS:
9. Funeral Expansas/Adm. Cos~s/Hisc. Expanses (Schedule H) (9)
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10)
11. To,al Deduc~/ons
12. Ne~ Value of Tax Re~urn
Z451000.00
509z651.11
.00
.0O
150/339.1~
.00
.0O
(8)
70,621.82
NOTE: To /nsure proper
cred/~ ~o your account,
subm/~ ~he upper portion
of ~h/s form w/~h your
~ax payment.
13.
1~.
NOTE:
904,990.Z5
1:5,29:5.:50
(11) 83.915.12
(12) 821,075.1:5
Char/~cable/governeen~:el Bequests; Non-elected 911:3 Trusts (Schedule J) (15)
Ne"l: Value of Es~a~e Subjec~ ~o Tax (lq)
Zf an assessment Nas issued previously, lines 14, 15 and/or 16, 17,
reflect figures that include the total of ALL returns assessed to date.
ASSESSHENT OF TAX:
15. Amoun~ of L/ne lq a~ Spouse1 ra~e
16. Amoun~ of L/ne lq ~axeble a~ Lineal/Class A re~e
17. Amoun~ of L/ne 1~ a~ S/bling ra~e
18. Amoun~ of L/ne lq ~axable a~ Collateral/Class B ra~e
19. Pr/nc/pal Tax Due
TAX CREDITS:
PAYH[NT RECEIP1 DISCOUNT
DATE NUHBER INTEREST/PEN PAID (-)
06-25-200:5 CDOOZ7~I 1,847.42
.00
821,075.1:5
IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADD/T/ONAL /NTEREST.
18 and 19 Nill
(25) .00 x O0 = .00
(16) 821,075.1:5 x 0~5= :56,9fi8.:58
(17) .00 x 12 = .00
(18) .00 x 15 = .00
(19)= $6,948.:58
AHOUNT PAID
:57,000.00
TOTAL TAX CREDIT :58,847.42
BALANCE OF TAX DUEJ 1,899.04CR
INTEREST AND PEN. .00
TOTAL DUE 1,899.04CR
( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT ZS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A 'CREDIT' (CR), YOU HAY BE DUE~
A REFUND. SEE REVERSE SIDE OF THIS FOR. FOR INSTRUCTIONS.)
RESERVATION:
Estates of decedents dying on or before December 1Z, 198Z -- if any future interest in the estate is transferred
in possession or enjoyment to Class B (collataral) beneficiaries of tho decedent after the expiration of any estate for
life or for years, the Commonaaalth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes
at the taaful Class B (collateral) rate on any such future interest.
PURPOSE OF
NOTICE:
PAYHENT:
REFUND (CR):
OBJECTIONS:
ADMIN-
ISTRATIVE
CORRECTIONS:
DISCOUNT:
PENALTY:
INTEREST:
To fulfill the requirements of Section ZlqO of the Inheritance and Estate Tax Act, Act Z$ of ZOO0. (7Z P.S.
Section 91~0).
Detach the tap portion of this Notice and submit aith your payment to the Register of Mills printed on the reverse side.
--Make check or money order payable to: REGISTER OF #XLLS, AGENT
A refund of a tax credit, ~hich ams not requested on the Tax Return, may bo requested by completing an "Application
for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1515). Applications ara available at the Office
of tho Register of Hills, any of the Z5 Revenue District Offices, or by calling the special Z~-heur
answering service for forms ordering: 1-800-36Z-ZO50; services for taxpayers aith special hearing and / or
speaking needs: l-BOO-q~7-50ZO (TT only).
Any party in interest not satisfied ~ith the appraisement, allowance, or disallomance of deductions, or assessment
of tax (including discount or interest) as sho~n on this Notice must object ~ithin sixty (60) days cf receipt of
this Notice by:
--mrittan protest to the PA Department of Revenue, Board of Appeals, Dept. ZBiOZ1, Harrisburg, PA 171ZS-IOZl, OR
--election to have tho matter determined at audit of the account of the personal representative, OR
--appeal to the Orphans' Court.
Factual errors discovered on this assessment should be addressed in ~riting to: PA Department of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessment RevieN Unit, Dept. Z80601, Harrisburg, PA 1712B-0601
Phone (717) 787-6S05. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident
Decedent" (REV-lSD1) for an explanation of administratively correctable errors.
If any tax due is paid Nithin three (5) calendar months after the dacadent's death, a five percent (5Z) discount of
the tax paid is a11oaed.
The 15Z tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not
paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation
penalty is appealable in the same manner and in the the same tiaa period as you Hould appeal the tax and interest
that has been assessed as indicated on this notice.
Interest is charged beginning mith first day of delinquency, or nine (9) months and one (1) day from the date of
death, to the date of payment. Taxes which became delinquent before January 1, 198Z bear interest at the rate of
six (6Z) percent per annum calculated at a daily rate of .00016~. All taxes mhich became delinquent on and after
January 1, 19aZ ail1 bear interest at a rate which ~il1 vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2005 are:
Interest Daily Interest Daily Interest Daily
Year Rate Factor Year Rate Factor Yea.~r Rate Factor
198Z ZOZ .0005~6 1987 9Z .O00Z~7 1999 7Z .O0019Z
1985 16Z .000~58 1988-1991 llZ .000501 ZOOO 8Z .O00Z19
198~ 11Z .000501 1992 9Z .OOOZ~7 2001 9Z .O00Zq?
1985 15Z .000356 1993-199~ 72 .O0019Z ZOOZ 6Z .00016~
1986 IOZ .O00Z7~ 1995-1998 9Z .O00Z~7 2005 5Z .000137
--Interest is calculated as follo~s:
INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DEL/NI~USNT X DAILY /NTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days
beyond the date of the assessment. If payment is made after the interest computation date sho~n on the
Notice, additional interest must be calculated.
BUREAU OF ZNDZVZDUAL TAXES
TNHERZTANCE TAX DTVTSTON
DEPT. 280601
HARRTSBURG., PA 171ZB-O60Z
COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
ZNHERTTANCE TAX
STATEHENT OF ACCOUNT
'0~
VICKY ANN TRIMMER ESQ
METTE ETAL
PO BOX 5950
HBG PA
--~ATE OZ-g$-ZOOq
~CESTATE OF SPANGLER
DATE OF DEATH 03-Z6-ZO05
FILE NUMBER 21 05-0511
P I:~e_~.JNTY CUMBERLAND
ACN 101
Amount Remi~:~ed
REV-1607 EX AFP C01-03)
JOHN
HAKE CHECK PAYABLE AND REHZT PAYHENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17015
NOTE: To insure proper credi~ to your account, subm/~ tho upper por~:ion of this form w/th your ~:ax payment:.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS
REV-1607 EX AFP (01-03) N~ ZNHERZTANCE TAX STATEHENT OF ACCOUNT
ESTATE OF SPANGLER JOHN M FILE NO. 21 03-0311 ACN 101 DATE Og-23-200q
THIS STATEMENT ZS PROVZDED TO ADVZSE OF THE CURRENT STATUS OF THE STATED ACN ZN THE NAMED ESTATE. SHO#N BELON
ZSA SUMMARY OF THE PRINCIPAL TAX DUE,, APPLZCATZON OF ALL PAYMENTS,, THE CURRENT BALANCE,, AND,, ZF APPLICABLE,,
A PROJECTED INTEREST FZGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 01-19-ZOOq
PRINCIPAL TAX DUE:
PAYMENTS (TAX CREDITS):
36,9q8.38
PAYMENT RECEIPT DISCOUNT (+)
DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID
1,8q7.q2
06-25-2005
OZ-O$-ZOOq
CDOOZ7ql
REFUND
.00
37,000.00
1,899.0q-
ZF PAID AFTER THZS DATE, SEE REVERSE
SIDE FOR CALCULATZON OF ADDZTZONAL INTEREST.
( ZF TOTAL DUE ZS LESS THAN $1,
NO PAYMENT ZS REQUIRED.
ZF TOTAL DUE ZS REFLECTED AS A "CREDIT"
TOTAL TAX CREDZT 36,9q8.$8
BALANCE OF TAX DUE .00
ZNTEREST AND PEN. .00
TOTAL DUE .00
YOU MAY BE DUE A REFUND. SEE REVERSE STDE OF THIS FORM FOR ZNSTRUCTZONS. )
PAYNENT:
Detach the top portion of this Notice and submit with your payment made payable to the name and address
printed on the reverse side.
-- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF trILLS, AGENT.
-- If NON-RES[DENT DECEDENT make check or money order payable to: COMHON#EALTH OF PENNSYLVANIA.
REFUND (CR): A refund of a tax credit, ahich was not requested on the Tax Return, may be requested by completing an
'Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications ara available at
the Office of the Register of Hills, any of the Z3 Revenue District Offices or from the Department's Iq-hour
answering service for forms ordering: 1-800-362-2050; services for taxpayers with special hearing and / or
speaking needs: 1-800-~7-30Z0 (TT only).
REPLY TO:
Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau
of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. Z80601, Harrisburg, PA 171Z8-0601, phone
C717) 787-6505.
DISCOUNT:
If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (SI) discount
of the tax paid is allowed.
PENALTY:
The 1SI tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not
paid before January 16, 1996, the first day after the end of the tax amnesty period.
INTEREST:
Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of
death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of
six (Gl} percent per annum calculated at a daily rate of .00016q. All taxes which became delinquent on and after
January l, 198Z will bear interest at a rate which will vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue.
Interest Daily
Year Rata Factor Year
The applicable interest rates for 19BI through 2003 ara:
Interest Daily Interest Daily
Rate Factor Year Rate Factor
19BI lOX .0005~8 1987 92 .O00Z~7 1999 72 .O0019Z
1983 162 .000~38 1988-1991 llZ .000301 2000 8Z .000219
X98~ 1II .O00~Ol 199Z 9Z .O00Zq7 ZOO1 9Z .O00Z~7
1985 13Z .000356 1993-199~ 7Z .O0019Z ZOOZ 62 .00016~
1986 XOZ .O00Z7q 1995-1998 92 .O00Zq7 2003 5Z .000137
--Interest is calculated as follows:
INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELIN~IUENT X DALLY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days
beyond the date of the assessment. If payment is made after the interest computation date shown on the
Notice, additional interest must be calculated.
II~j~~,O~URT OF COMMON PLEAS
OF I~8![[I~COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
NO. 311 OF 2003
FIRST AND FINAL ACCOUNT OF
JAMES A. ULSH & DIANE FREUNDEL, CO-EXECUTORS
FOR THE ESTATE OF JOHN M. SPANGLER
Date of Death:
Date of Appointment of Executors:
Accounting for the Period:
Date of Complete Advertisemem
in Cumberland Law dournal
Date of Complete Advertisement
in The Sentinel
March 26, 2003
April 9, 2003
March 26, 2003 - March 10, 2004
May 9, 2003
May 3, 2003
Purpose of Account: The Executors offer this account to acquaim interested parties with the
transactions that have occurred during their administration of the Estate
It is important that the account be carefully examined.
Requests for additional information or questions or objections can be discussed with:
Diane Freundel, Execmor
29 Sussex Road
Camp Hill, PA 17011
(717) 737-2609
James A. Ulsh, Executor
3401 N. From Street, PO Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
or
Vicky Ann Trimmer, Esquire
Mette, Evans & Woodside
3401 North Front Street
P.O. Box 5950
Harrisburg, PA 17110-0950
(717) 232-5000
392162vi
SUMMARY OF ACCOUNT
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Principal
Receipts
Net Gain (or Loss) on Sales or
Other Dispositions
Other Receipts
Page
1-3
4-5
Less Disbursements:
Other Liabilities
Administration Expenses (Prin)
Debts of Decedent
Fees and Commissions (Prin)
Funeral Expenses (Prin
Real Estate Taxes
6
6-8
8
8
9
9
$ 4,351 88
38,662 52
898 52
30,751 44
104 00
3,153 21
Balance before Distributions
Distributions to Beneficiaries
Principal Balance on Hand
For Information:
Changes in Investment Holdings
Income
Receipts
Less Disbursements:
Administration Expenses
Insurance
10-11
12
13-15
16-17
18
18
$ 50.61
1,592.00
Balance before Distributions
Distributions to Beneficiaries
Income Balance on Hand
Combined Balance on Hand
Fiduciary
Acquisition
Value
$904,372.37
-4,024.68
0.00
$900,347.69
77,921.57
$822,426.12
692,967.50
$129,458.62
$ 6,188.50
1,642.61
$ 4,545.89
0.00
$ 4,545.89
$134,004.51
RECEIPTS OF PRINCIPAL
Estate of John M. Spangler
As of 03/10/2004
Page 1
Assets Listed in Inventory
(Valued as of date of death)
Fiduciary
Acquisition
Value
Checking Accounts
PNC Bank Checking Acct %5002092909
Money Market Accounts
AG Edwards Money Market Account
Common Stocks
1000 shares Alaska Oil/Mineral
1,000 Units
Corporate Bonds
$100,000 Federal Home Loan Mtg Corp
1,000 Units $683.33 Accrued Interest
$12,000 Bank of America Corp.
12,000 Units $296.93 Accrued Interest
$140,000 Ford Motor Credit Co 7.37%
1,400 Units $4,388.13 Accrued Interest
$20 000 Ford Motor Credit Co.
200 Units $238.44 Accrued Interest
$30 000 Sears Roebuck Accept. Corp.
300 Units $38.75 Accrued Interest
$40,000 Household Finance Corp 7.5%
400 Units $91.67 Accrued Interest
$40 000 Household Finance Corp Int
400 Units $282.44 Accrued Interest
$50 000 General Motors Accept.
500 Units $665.63 Accrued Interest
$80 000 Daimler-Chrysler NA
800 Units $171.11 Accrued Interest
Other Real Property
301 S. Stoner Avenue
Residences
400 East Chestnut Street
Misc. Personal Property
1998 Nissan Sedan
Miscellaneous Property
Household items & personal property
$102 015.53
12 824.37
134 413.13
18 165.16
30 803.72
40 814.99
40 332.00
48,823.98
81,458.23
$ 618.88
130,570.81
0.00
509, 651.11
100,000.00
145,000.00
10,467.50
2,500.00
RECEIPTS OF PRINCIPAL
Estate of John M. Spangler
As of 03/10/2004
Page 2
Assets Listed in Inventory
(Valued as of date of death)
Fiduciary
Acquisition
Value
Refunds
2002 Federal Income Tax Refund
Capital Blue Cross Refunds
Express Scripts - Refund
$ 4,000.00
1,250.00
315.07
$ 5,565.07
TOTAL INVENTORY $904,373.37
RECEIPTS OF PRINCIPAL
Estate of John M. Spangler
As of 03/10/2004
Page 3
Adjustment to Carrying Values
12/01/2003 Worthless stock - written off
Adjusted Value
Value per Inventory
TOTAL ADJUSTMENTS TO CARRYING VALUES
$ 0.00
1.00
$ -1.00
$ -1.00
SUMMARY
Total Inventory
Total Adjustments To Carrying Values
$904,373.37
-1.00
TOTAL RECEIPTS OF PRINCIPAL $904,372.37
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
03/31/2003 Sale of $12,000 Bank of America 6.8%,
5/15/2027
12,000 Units
Net Proceeds
Fiduciary Acquisition Value
$ 12,085.00
12,527.44
Net Loss
03/31/2003 Sale of $80,000 Daimler-Chrysler NA
800 Units
Net Proceeds
Fiduciary Acquisition Value
$ 79,995.00
81,287.12
Net Loss
03/31/2003 Sale of $20,000 Ford Motor Credit Co. 5.8%
200 Units
Net Proceeds
Fiduciary Acquisition Value
$ 17,495.00
17,926.72
Net Loss
03/31/2003 Sale of $140,000 Ford Motor Credit Co. 7.37%
1,400 Units
Net Proceeds
Fiduciary Acquisition Value
$130,020.00
130,025.00
Net Loss
03/31/2003 Sale of $50,000 General Motors Accept. Corp.
500 Units
Net Proceeds
Fiduciary Acquisition Value
46, 995.00
48,158.35
Net Loss
03/31/2003 Sale of $40,000 Household Finance Corp.
400 Units
Gain
Page 4
Loss
442.44
1,292.12
431.72
5.00
1,163.35
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Net Proceeds $ 40,295.00
Fiduciary Acquisition Value 40,723.32
Net Loss
03/31/2003 Sale of $30,000 Sears Roebuck Accept. Corp.
300 Units
Net Proceeds $ 29,995.00
Fiduciary Acquisition Value 30,764.97
Net Loss
05/14/2003 Sale of $100,000 FHLMC 6%
1,000 Units
Net Proceeds $ 99,995.00
Fiduciary Acquisition Value 101,332.20
Net Loss
05/16/2003 Sale of $40,000 Household Finance Corp.
400 Units
Net Proceeds $ 41,895.00
Fiduciary Acquisition Value 40,049.56
Net Gain
Total Gains and Losses
Less Gain
Gain
1,845.44
$1,845.44
Net Loss
Page 5
Loss
$ 428.32
769.97
1,337.20
$5,870.12
1,845.44
$ 4,024.68
DISBURSEMENTS OF PRINCIPAL
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 6
Other Liabilities
Checks written prior to death
03/28/2003 American Lung Assoc. of PA
Check written prior to death but not cleared
until after death
03/28/2003 L. Joy Scott
Check written prior to death but not cleared
until after death
03/28/2003 L. Joy Scott
Check written prior to death but not cleared
until after death
03/31/2003 Hively Farm & Nursery, Inc.
Check written prior to death but not cleared
until after death
03/31/2003 Luella Shurman
Check written prior to death but not cleared
until after death
04/01/2003 Griswold Special Care
Check written prior to death but cleared
after death.
04/01/2003 Harriet Conrad
Check written prior to death but cleared
after death.
Administration Expenses (Prin)
05/06/2003 AG Edwards - Account Fee
05/20/2003 Misc. bank fee
06/13/2003 PP&L
06/28/2003 Comcast
06/28/2003 Verizon
06/30/2003 Register of Wills, Agent - prepayment of PA
inheritance taxes
$ 5 00
502 13
2,500 00
385 O0
234 00
608 75
117.00
$ 60.00
2.00
60.08
39.64
50.44
37,000.00
$ 4,351.88
DISBURSEMENTS OF PRINCIPAL
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 7
07/01/2003 PA American Water
07/01/2003 PA American Water Co.
07/03/2003 Jean Freundel - reimbursement for expenses
paid to Roto Rooter
07/29/2003 Comcast
07/29/2003 Prudential - homeowners insurance
07/29/2003 LG Connor Real Estate Appraisal - 2
appraisals
07/29/2003 PP&L - electric
07/29/2003 PA American Water
08/01/2003 Harrisburg Hauling
08/01/2003 Lower Allen Township
08/21/2003 PP&L - electric
09/11/2003 PP&L - electric
09/12/2003 Verizon - telephone
09/15/2003 PA American Water
09/24/2003 Verizon - telephone
09/26/2003 Refund from Comcast
10/16/2003 PP&L
10/17/2003 PA American Water Co.
10/27/2003 Harrisburg Hauling
11/07/2003 Reimbursement to Jean Freundel for tree
removal
12/02/2003 Cumberland County Recorder of Deeds -
recording fees for deeds
12/02/2003 Cumberland County Register of Wills - filing
fee for inventory
$ 17.67
19.71
412.18
79.28
69.00
600.00
70.96
17.60
31.65
48.00
86 19
86 25
51 43
17 07
51 35
-61 39
77 27
14 65
31.65
2,500.00
79.50
28.00
DISBURSEMENTS OF PRINCIPAL
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
01/21/2004 Refund of homeowner's insurance
01/21/2004 Refund of homeowner's insurance
03/10/2004 Refund of PA inheritance tax
03/10/2004 Refund from Verizon
Debts of Decedent
05/20/2003 Verizon - telephone
05/20/2003 PA American Water Co.
05/20/2003 Keystone Oil
05/20/2003 Comcast
05/21/2003 Lower Allen Township - sewer
05/21/2003 Lower Allen Township - sewer
05/22/2003 PP&L
05/27/2003 Harrisburg Hauling
05/29/2003 Cumberland Apothecary
Fees and Commissions (Prin)
05/20/2003 Metre, Evans & Woodside - predeath legal fees
06/13/2003 Mette, Evans & Woodside
08/25/2003 Metre, Evans & Woodside
09/11/2003 Mette, Evans & Woodside
10/15/2003 Mette, Evans & Woodside
11/04/2003 Mette, Evans & Woodside
11/05/2003 Partial Executor's Commission
01/23/2004 Metre, Evans & Woodside
-548.00
-411.00
-1,899.04
-19.62
$ 138.93
42.15
179.95
79.27
26.40
26.40
313.77
31.65
60.00
8,042.90
1,269.33
1,598.61
1,272.00
537.50
292.50
15,000.00
2,738.60
Page 8
$ 38,662.52
898.52
30,751.44
DISBURSEMENTS OF PRINCIPAL
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 9
Funeral Expenses (Prin
06/13/2003 Myers-Harner Funeral Home
Real Estate Taxes
07/30/2003 Bonnie K. Miller, Tax Collector
School Taxes for 301 S. Stoner Avenue,
Shiremanstown
07/31/2003 Judy C. Prowell,Tax Collector
School Taxes for 400 E. Chestnut Street,
Shiremanstown
1,265.66
1,887.55
$ 104.00
3,153.21
TOTAL DISBURSEMENTS OF PRINCIPAL $ 77,921.57
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 10
To: Jean Freundel
Advance Risk Distribution
09/15/2003 Cash
$150,000.00
To: Jean Freundel
Specific Bequest - As part of total residue
10/27/2003 301 S. Stoner Avenue
To: Jean Freundel
Specific Bequest
01/01/2004 Household items & personal property
100,000.00
1,250.00
Total for Jean Freundel
To: Michael Freundel
Specific Bequest
10/27/2003 400 East Chestnut Street
Balance before distribution
$145,000.00
$251,250.00
72,500.00
To: Sherry A. Freundel
Specific Bequest
10/27/2003 400 East Chestnut Street
10/27/2003 1998 Nissan Sedan
Total for Sherry A. Freundel
To: J. Marjorie Borelli
Advance Risk Distribution
09/12/2003 Cash
11/04/2003 AG Edwards Estate Money Market
Check number 150
72,500.00
10,467.50
150,000.00
100,000.00
82,967.50
To: J. Marjorie Borelli
Specific Bequest
01/01/2004 Household items & personal property
Balance before distribution
$2,500.00
1,250.00
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 11
Total for J. Marjorie Borelli
To: John M. Spangler Real Estate Trust
Specific Bequest
03/10/2004 Cash
$251,250.00
35,000.00
TOTAL DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES $692,967.50
PRINCIPAL BALANCE ON HAND
Estate of John M. Spangler
As of 03/10/2004
Page 12
Money Market Accounts
AG Edwards Estate Money Market
Common Stocks
1000 shares Alaska Oil/Mineral
1,000 Units
Less: Income balance on hand
PRINCIPAL BALANCE ON HAND
Current
Value
$134,005.51
-1.00
$134,004.51
4,545.89
$129, 458.62
Carrying
Value
$134,005.51
-1.00
$134,004.51
4,545.89
$129,458.62
INFORMATION SCHEDULES
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Changes in Investment Holdings
$100,000 Federal Home Loan Mtg Corp
05/14/2003 Interest
05/14/2003 Sale of $100,000 FHLMC 6%
1,000 Units
$102,015.53
-683.33
-101,332.20
$12,000 Bank of America Corp.
03/31/2003 Interest
03/31/2003 Sale of $12,000 Bank of America 6.8%,
5/15/2027
12,000 Units
12,824.37
-296.93
-12,527.44
$140,000 Ford Motor Credit Co 7.37%
03/31/2003 Interest
03/31/2003 Sale of $140,000 Ford Motor Credit Co. 7.37%
1,400 Units
$ 134,413.13
-4,388.13
-130,025.00
$20,000 Ford Motor Credit Co.
03/31/2003 Sale of $20,000 Ford Motor Credit Co. 5.8%
200 Units
03/31/2003 Interest
$ 18,165.16
-17,926.72
-238.44
$30,000 Sears Roebuck Accept. Corp.
03/31/2003 Interest
03/31/2003 Sale of $30,000 Sears Roebuck Accept. Corp.
300 Units
30,803.72
-38.75
-30,764.97
Page 13
$ 0.00
0.00
0.00
0.00
0.00
INFORMATION SCHEDULES
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 14
$40,000 Household Finance Corp 7.5%
03/31/2003 Interest
03/31/2003 Sale of $40,000 Household Finance Corp.
400 Units
$40,000 Household Finance Corp Int
05/16/2003 Interest
05/16/2003 Sale of $40,000 Household Finance Corp.
400 Units
$50,000 General Motors Accept.
03/31/2003 Interest
03/31/2003 Sale of $50,000 General Motors Accept. Corp.
500 Units
$80,000 Daimler-Chrysler NA
03/31/2003 Interest
03/31/2003 Sale of $80,000 Daimler-Chrysler NA
800 Units
2002 Federal Income Tax Refund
05/12/2003 Deposit 2002 IRS Income tax refund
Capital Blue Cross Refunds
07/07/2003 Refund from Capital Blue Cross
07/07/2003 Refund from Capital Blue Cross
$ 40,814.99
-91.67
-40,723.32
$ 40,332.00
-282.44
-40,049.56
$ 48,823.98
-665.63
-48,158.35
$ 81,458.23
-171.11
-81,287.12
$ 4,000.00
-4,000.00
$ 1,250.00
-8.41
-1,241.59
0.00
0.00
0.00
0.00
0.00
0.00
INFORMATION SCHEDULES
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 15
Express Scripts - Refund
07/30/2003 Deposit refund from Express Scripts
Checks written prior to death
03/28/2003 American Lung Assoc. of PA
Check written prior to death but not cleared
until after death
03/28/2003 L. Joy Scott
Check written prior to death but not cleared
until after death
03/28/2003 L. Joy Scott
Check written prmor to death but not cleared
until after death
03/31/2003 Hively Farm & Nursery, Inc.
Check written prior to death but not cleared
until after death
03/31/2003 Luella Shurman
Check written prior to death but not cleared
until after death
04/01/2003 Griswold Special Care
Check written prior to death but cleared
after death.
04/01/2003 Harriet Conrad
Check written prior to death but cleared
after death.
$ 315.07
-315.07
$ 4,351.88
-5.00
-502 13
-2,500 00
-385 00
-234 00
-608 75
-117 00
0.00
0.00
RECEIPTS OF INCOME
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Dividends
AG Edwards Estate Money Market
05/16/2003 Dividends
06/20/2003 Dividend
08/22/2003 Dividends
09/19/2003 Dividends
11/21/2003 Dividends
12/31/2003 Dividends
01/16/2004 Dividends
AG Edwards Money Market Account
04/17/2003 Dividends
02/20/2004 Dividends
Total Dividends
Interest
$100,000 Federal Home Loan Mtg Corp
05/14/2003 Interest
$12,000 Bank of America Corp.
03/31 2003 Interest
$20,000 Ford Motor Credit Co.
03/31 2003 Interest
$30,000 Sears Roebuck Accept. Corp.
03/31/2003 Interest
388 60
561 97
479 50
350 11
184 55
28 87
30 67
2,024.27
263.46
75.52
338.98
800.00
11.34
16.12
32.29
Page 16
$ 2,363.25
RECEIPTS OF INCOME
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
$40,000 Household Finance Corp 7.5%
03/31/2003 Interest
$40,000 Household Finance Corp Int
05/16/2003 Interest
$50,000 General Motors Accept.
03/31/2003 Interest
$80,000 Daimler-Chrysler NA
03/31/2003 Interest
AG Edwards Estate Money Market
07/18/2003 Interest
10/17/2003 Interest
12/19/2003 Interest
Total Interest
Rental Income
301 S. Stoner Avenue
05/22/2003 Rent
07/07/2003 Rent
09/10/2003 Rent
Total Rental Income
TOTAL RECEIPTS OF INCOME
41.66
344.45
46.87
77.78
407.55
182.68
64.51
654.74
600.00
600.00
600.00
1,800.00
Page 17
$ 2,025.25
1,800.00
$ 6,188.50
DISBURSEMENTS OF INCOME
Estate of John M. Spangler
For Period 03/26/2003 Through 03/10/2004
Page 18
Administration Expenses
07/29/2003 Verizon
Insurance
12/02/2003 Prudential - homeowners insurance
12/02/2003 Prudential - homeowners insurance
12/26/2003 Prudential - homeowners insurance
595.00
437.00
560.00
$ 50.61
1,592.00
TOTAL DISBURSEMENTS OF INCOME $ 1,642.61
COMMONWEALTH OF PENNSYLVANIA ·
· SS.
COUNTY OF DAUPHIN ·
I, DIANE FREUNDEL, Co-Executor of the Estate of John M. Spangler, being duly
sworn according to law, depose and say that the foregoing Account is just and true, both as to
items of charge and discharge, and that the grant of letters and the first complete advertisement
thereof occurred more than four months prior to the filing of the Account.
Diane Freundel, Co-Executor
Swom to and subscribed
before me this -~q/'l~day of
[ ,T)6~.~_, ,2004.
Notary Public
My Commission Expires:
COMMONWEALTH OF PENNSYLVANIA ·
'SS.
COUNTY OF DAUPHIN ·
I, JAMES A. ULSH, Co-Executor of the Estate of John M. Spangler, being duly sworn
according to law, depose and say that the foregoing Account is just and true, both as to items of
charge and discharge, and that the grant of letters and the first complete advertisement thereof
occurred more than four months prior to the filing of the Account.
Sworn to and subscribed
before me this d~;tS~ay of
_ [?:~'~5~_c ,2004.
sh, Co-Executor
Notary Public
My Commission Expires:
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
IN RE: ESTATE OF JOHN M.
SPANGLER, deceased
0311 of 2003
ATTORNEY'S CERTIFICATE
I, Vicky Ann Trimmer, do hereby certify that written notice of the filing of the
First and Final Account of James A. Ulsh and Diane Freundel, Co-Executors for the Estate
of John M. Spangler, deceased, and of the date, time and place when the same will be
presented to the Orphans' Court Division of the Court of Common Pleas of Cumberland
County for confirmation and of the last day to file written objections to said Account and
Proposed Statement of Distribution has been given to every unpaid claimant and to every
other person known to the accountant to have or claim an interest in the Estate as creditor,
beneficiary, heir or next of kin at least twenty (20) days prior to the date fixed therefor.
The requirements of Rule 6.3 of the Orphans' Court Rules of the Supreme
Court of Pennsylvania have been met.
Vicky//~nr~ ~rim~er, Esquire
DATE: . ~/~/L~ ~k
394389vl
IN THE COURT OF COMMON PLEAS
"CCcc,'~v'~md~larEhWt'l~ COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
IN RE: ESTATE OF JOHN M.
SPANGLER, deceased
311 of 2003
PROPOSED SCHEDULE OF DISTRIBUTION
Balance on Hand:
Less: Unpaid Expenses:
Executor's Fees
Mette, Evans & Woodside (balance)
Reserve for First & Final Accounting
Balance available for Distribution:
Proposed Distributions:
J. Marjorie Borelli
Jean Freundel
TOTAL DISTRIBUTIONS
$134,004.51
$ 20,000.00
$ 11,612.00
$137,392.51
$ 500.00
$ 50,946.26
$ 50,946.25
$101,892.51
$101~892.51
394440v I
BUREAU *OF /NDTVTDUAL TAXES
iNHERiTANCE TAX DXVTS/OH
DEPT. ?.8n601
HARRISBURG, PA 171Z8-0601
CONMON#EALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE · '
,0.CE 0F ,.,E.T CE TAX JAN 2 0 20 4
APPRA/SEHENT, ALLOgANCE OR DISALLO#ANCE
OF DEDUCTTONS AND ASSESSNEHT OF TAX
REV-I~7 EX RFP
VICKY ANN TRIMMER ESQ
METTE ETAL
PO BOX 5950
HBG PA 1711O
DATE
ESTATE OF
DATE OF DEATH
FILE NUH~ER
01-19-2004
SPANGLER JOHN
05-26-2003
21 05-0511
COUNTY CUMBERLAND
ACM 101
HAKE CHECK PAYABLE AND RENZT PAYHENT TO:
REGISTER OF HILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
M
CUT ALONG THIS LINE ~.~ RETAZN LO#ER PORTION FOR YOUR RECORDS ~
REV-1547 EX AFP (01-03) NOT/CE OF INHERITANCE TAX APPRAISEMENT, ALLO#ANCE OR DZSALLO#ANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF SPANGLER JOHN M FILE NO. 21 03-0311 ACN 101 DATE 01-19-2004
TAX RETURN NAS: ( X ) ACCEPTED AS FILED ( ) CHANGED
RESERVATION CONCERNING FUTURE ZN;=~EST - SEE REVERSE
APPRAISED VALUE OF RETURN DASED ON: ORTGINAL RETURN
1. Rem1 Es~ce~e (Schedule A) (1)
2. S~ocks ~nd Bonds (Schedule B) (2)
5. Closely Held S:tock/Pertnershtp zn~eres~ (Sc~dule C) (5)
~. Hor~geges~o~es Receiv~le (Sche~le D) (~)
5. Cesh/B~nk Deposi~s/H~sc. Pers~el Proper~y (Sc~le E) (5)
6. Jointly ~ned Property (Sc~dule F) (6)
7. Trensfers (Sc~le G) (7)
8. Total Asse~s
APPROVED DEDUCTZONS AND EXEHPTZONS:
9. F~eral Exp~ses/A~. Cos~s/Hisc. E~ses (Sc~le H) (9)
10. D~s/Hor~gage Li~ill~ies/Ll~s (S~le Z) (10)
11. To,al Deductions
12. Ne~ V~lue of T~x Re~urn
245~000.00
509~651.11
.00
.00
150~339.14
.00
.O0
(8)
NOTE: To insure proper
credi~ to your account,
submit ~he upper portion
of ~his form wi~h your
~ex peyeen~.
904,990.Z5
70,621 .SZ
(11) ~}~ .ql~. 12
(1~) 821,075.
15.
lq.
NOTE:
Cherl~ble/Oovmrnm~ntal B~ques~s; Non-elected 9113 T~s~s (S~edule J) (13)
Ne~ Val~ of Es~a~e ~ject ~o Tax (1~)
lines 14, 15 and/or 16, 17,
Zf an assessment was issued previously,
reflect figures that /nclude the total of ALL returns assessed to date.
ASSESSNENT OF TAX:
15. Amoun~ of Line 1~ e~ SpousmX rm'l:e
16. Amoun~ of Line 1~ ~ex~bXe
17. Am~t of LX~ X~ mt Stbltng rate
18. ~o~t of Ltne 1~ ~mx~le
19. Principal Tax Due
tax CREDITS:
DATE ~ER - I~EREST/PEN PAZD (-
06-25-200~ CD002741
.O0 x O0 =
821,075.13 x 045=
.00 x 12 =
.00 x 15 =
(19)=
AHOUNTPAZD
37,000.00
(15)
(16)
(17)
(18)
TOTAL TAX CREDIT
~ALANCE OF TAX DUE
~NTEREST AND PEN.
TOTAL DUE
.00
821,075.15
18 and 19 wtll
.00
36,948.38
.00
.00
36,948.38
38,847.42
1,899.04CR
.00
1,899.04CR
( XF TOTAL DUE XS LESS THAN $1, NO PAYHENT ZS REQUIRED.
ZF pA/D AFTER DATE /ND/CATED, SEE REVERSE
FOR CALCULAT/ON OF ADD/T/ONAL /NTEREST. /F TOTAL DUE /S REFLECTED AS A "CRED/T' (CR), YOU NAY BE DUE
A REFUND. SEE REVERSE S/DE OF TH/S FORM FOR ZNSTRUCT/ONS.)
PROOF OF PUBLICATION OF NOTICE
IN CUMBERLAND LAW JOURNAL
(Under Act No. 587, approved May 16, 1929), P. L.1784
STATE OF PENNSYLVANIA :
:
COUNTY OF CUMBERLAND :
SS.
Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and
State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law
Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid,
was established January 2, 1952, and designated by the local courts as the official legal
periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly
issued weekly in the said County, and that the primed, notice or publication attached hereto is
exactly the same as was printed in the regular editions and issues of the said Cumberland Law
Journal on the following dates,
viz:
APRIL 25, MAY 2, 9, 2003
Affiant further deposes that he is authorized to verify this statement by the Cumberland
Law Journal, a legal periodical of general circulation, and that he is not interested in the subject
matter of the aforesaid notice or advertisement, and that all allegations in the foregoing
statements as to time, place and character of publication are tree.
Spangler, John M., dec'd.
Late of Shiremanstown Borough.
Executors: Diane Freundel, 29
Sussex Road, Camp Hill, PA
17011 and James A. Ulsh, 8 Dawn
Drive, Mfllersburg, PA 17061.
Attorneys: Vicky Ann Trimmer,
Esquire, Mette, Evans & Wood-
side, 3401 North Front Street,
Harrisburg, PA 17110, (717)
232-5000.
SWORN TO AND SUBSCRIBED before me this
9 day of MAY, 2003
PROOF OF PUBLICATION
State of Pennsylvania,
County of Cumberland.
Lori Saylor, Classified Advertising Manager of THE SENTINEL,
of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of
general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13th,
1881, since which date THE SENTINEL has been regularly issued In said County, and that the printed notice
or publication attached hereto is exactly the same as was printed and published in the regular editions and
issues of THE SENTINEL on the following dates, viz
Copy of Notice of Publication
April 19, 26 & May 3, 2003
Affiant further deposes that he is not interested in
the ~ubject matter of the aforesaid notice or
advertisement, and that all allegations in the
foregoing statement as to time, place and character
of publication are true.
May 7, 2003
Sworn to and subscribed before me this 7th
day of May ,2003.
Notary Public
My commission expires:
HI .R. LE¥ O. DURNIN, NO Public
.... ALL-STAT~ LEGAL, A DMSION OF ALL-STA'~
~',ereby certify Nat w~n notice of the filing of ~ Of I~msed ~, amd of llle d
~n[s Account, and of ff~e date, time and piece
whe~ the same will be p~eented to the Court
for confirmation and o~ the leer day to fae written
every unpaid ~ and to eveq othe~ person
known to the accoun~a~ to t~ve or claim an
interest m the estate as creditor, ben~,
nek o~ next of kin.
I hereby certify that written notice of the filing of this Account, and of the
time and place when the same will be presented to the Court for confirmation a]
last day to file written objections to said Account, has been given to every u]
claimant and to every other person known to the accountant to have or claim an
interest in the estate as creditor, beneficiary, heir or next of kin.
PLEASE FILE THIS REPORT WITHIN TWO YEARS OF DATE OF DEATH REGARDLESS OF THE
STATUS OF THE ESTATE. IF THE ESTATE IS NOT COMPLETED, FILE A 6.12 FORM YEARLY
UNTIL COMPLETION.
STATUS REPORT UNDER RULE 6.12
Name of Decedent: John M. Spangler
Date of Death: March 26, 2003
Will No.
Admin. No. 21-03-0311
Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following
with respect to completion of the administration of the above-captioned estate.
State whether administration of the estate is complete:
Yes [~ No [-']
2. If the answer is No, state when the personal representative reasonably believes that
the administration will be complete: _.
3. If the answer to No. i is Yes, state the following:
a. Did the personal representative file a final account with the Court?
Yes [~ No [-]
b. The separate Orphans' Court No. (if any) for the personal representative's
account is:
c. Did the personal representative state an account informally to the parties in
interest? Yes [--] No [~
d. Copies of receipts, releases, joinders and approvals of formal or informal accounts
may be filed with the Clerk of the Orphans' Court and may be attached to this report.
Date: ~7//0 '~' ~~~
S~gnature
Vick¥ Ann Trimmer
Name (Please type or print)
3401 North Front Street, P.O. Box 5950
Address
Harrisburg, PA 17110-0950
(717) 232-5000
Telephone
[--] Personal Representative
[~ Counsel for Personal Representative
403692vl