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Home My WebLink About12-08-08 1505607120 REV-1500 EX (O6-OS) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Tazes coamy coca roar Pue Number Po Box zeosot INHERITANCE TAX RETURN 2 1 0 8 0 7 17 Harrisburg, PA 17128-0601 - RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 166 26 4818 06 17 2008 08 15 1916 Decedent's Last Name PICCOLO (IfApplicable) Enter Surviving Spouse's Information Below Spouse's Last Name Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW `X~ 1. Original Relum _~ n 4. Limited Estate u ~1 6 pacedent plea Testate I Li (AttacM1 Copy of WUp 1 9. Litigation Proceeds Received Suffix Decedent's First Name MI AUSTIN W Suffix Spouse's First Name MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return ~~ 3. Remainder Return (date or tleath prior to 12-13-62) qa Emare interest Compromise ~ - ~ 5. Federal Estate Tax Return Required (ante or dean after 12-12-e2) - ~ peceaent maintained a living rmst e. Total Number of Safe Deposit Boxes (Attach COPY of Trust) tD Spousal Poverty Credit (tlate of death I - 1t, Election to tax under Sec. 9113(4) between 12-31-91 antl 1-1-95) i _ (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED 70: Name Daytime Telephone Number MICHAEL L. BANGS 717 730 7310 Firm Name (If Applicable) First line of address 429 SOUTH 18TH STREET Second line of address City or Post Office CAMP HILL Correspondent's a-mail address: State ZIP Code PA 17011 N 0 REGISTERILLS US~fILY~:._: ~1 5~~.: !Tn ~, n z , t ~ ;: '.: v:r _~ ._, ~ ::-. x,r _,;J T) -~ D~TE FILED tV have examined this return, including acwmpanying schedules and statements, and to the best of my knowledge and belief, n of preparer other than the personal representative is based on all information of which preparer has any knowledge. Joanne Piccolo 1604 Wyndham Road, Camp Hill, PA 17011 SICYIJATURE OF PREPARER OTHEFyTt1AN REPRESENTATIVE UAl'E, Michael L. Bangs ~'d ADDRESS // 429 South 18th Street, Camp Hill, PA 17011 Side 1 L 1505607120 150560712D 1505607220 REV-1500 EX oeceaenrs mama. /~USt1D W. PICCOiO _._____ RECAPITULATION 1. Real Estate (Schedule A) .... ............ ....... _._... ................ _...... .. 1. 2. Stocks and Bonds (Schedule B) ............................................................................. .. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)........ .. 3. 4. Mortgages & Notes Receivable (Schedule D) ................._....................__............. .. 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)...._........ .. 5. 6. Jointly Owned Property (Schedule F) ~~I Separate Billing Requested ........... .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~~ Separate Billing Requested ........... .. 7. 8. Total Gross Assets (total Lines 1-7) ............................._...................................._ _ 8. 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)_.........._.___ .............................................. ... 11. 12. Net Value of Estate (Line 8 minus Line 11)............ ........ ..................................... . ... 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J)......_ .....................__.............. .. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) .. ......................................_. TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amounl of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 ~ ' ~ ~ 16. Amount of Line 14 taxable 2 6 4, 5 2 5. 5 7 at lineal rate X .045 77. Amount of Line 14 taxable 0 . O 0 at sibling rate X .12 18. Amounl of Line 14 taxable at collateral rate X 15 0 O 0 19. Tax Due......... ............ ... ........_ .............. .... ... _............................. Decedent's Social Security Number 168 26 4818 180x000.00 16,746.69 4,100.00 94,939.99 2,443.07 298,229.75 28,765.82 4,938.36 33,704.18 264,525.57 264,525.57 1a t5. 0.00 1s. 11,903.65 17 ~ 0 0 1g, 0.00 1g. 11,903.65 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 i ~ 1505607220 1505607220 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-08-0717 DECEDENT'S NAME Austin W. Piccolo --- STREETADDRESS 1604 Wyndham Road CITY Camp Hill ----- -- STATE ZIP ~ PA 17011 Tax Payments and Credits 1. Tax Due (Page 1 Line 19) (1) 11,903.65 2. CreditslPayments A. Spousal Poverty Credit B. Prior Payments 11,900.00 C. Discount 595.18 Total Credits (A+g+C) (2) 12,495.18 3. InteresUPenalty if applicable -------------------- p, Interest E. Penalty Total InteresUPenalty (D+E) (3) 4. If Line 2 is greater than Line i + Line 3, enter the difference. This is the OVERPAYMENT. (4) 591.53 Check box on Page 2 Line 20 to request a refund 5. If Line i + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A, Enter the interest on the taz due. (5A) B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :..........................................................._.. _..............._ ~ - b. retain the right to designate who shall use the property transferred or its income;.. ....................._ ~ c. retain a reversionary interest; or ................ . .__............. .......... ._.... .._. _.. 'L_I ,.__-i d. receive the promise for life of either payments, benefits or care? ........................................ _............. _..... I~ ~' I 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........................... _-'~ _-. 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?_. [. ~. 4. Did decedent own an Intlividual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?.......__.........._ .......................................................................__............_...... _.I IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-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 zero (0) percent [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the tlecedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2) (72 P.S. §9116 (a) (1)]. The lax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has a[ least one parent in common with the tlecetlent, whether by blood or adoption. Rev-1603 EXv t6-88) SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVPNIq INHEFITANCE Tq%ftETUFN PESIDENT DECEDENT ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 All real property ownetl solely or as a tenant in common must be reportetl at fair mallet value. Fair meiket value is tlelnetl as the pace at which property woultl be exchangeb between a willing buyer antl a willing seller, neither being wmpelletl to buy or sell, both having reasonable knowletlge of the relevant (acts. Real property which is jointly-ownetl wlih right o(survlvolshlp must be tlisclosetl on schetlule F. (It more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 6-98) Rev-0Spl EX* I6-gB) SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TA%RETURN PESIOENT OECEOENI' ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 All property jointly-ownetl with right of survivorship must be tllsclosetl on Schetlule F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 328.947 shares of PPBL Stock 50.91 16,746.69 TOTAL (Also enter on Line 2, Recapitulation) 16.746.69 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-1808 EX~ (6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY cONMONWEPLTH OF PENNSYLVPN W INHERITPNGE TA%ftETURN RESIpENT OECEOENT ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 Include Ole pmwetls of litigation antl the data the proceetls were received by the estate. All property )olntlyowned with the dghl of aurvlvorshlp must he tllsclosatl on scheAUle F. (If more space is needed, additional pages of fhe same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) SCHEDULE F conm'aoNweA~r„oEneNNSVEVANIA JOINTLY-OWNED PROPERTY INIIENITANCE TAX RETURN R051UENl nECEDENI ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 I/ an asset was made joint within one year of the tlecetlenes tlate o/death, it must De repodetl on schetlule G. SURVIVING JOINT TENANT(S) NAME I ADDRESS I RELATIONSHIP TO DECEDENT A. Joanne Piccolo 1604 Wyndham Road Camp Hill, PA 17011 Daughter B. C. JOINTLY OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NuMeER oR SIMILAR IoENnFnNC NuMeER. ATTACH DEED Forz JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH vnwE of DECEDENTS INTErzEST 1 A PA State Employees Credit Union - 4,337.52 50.000°/d 2,168.76 Savings Account 2 A PA State Employees Credit Union - 3,397.90 50.000°/d 1,698.95 Checking Account 3 A PA State Employees Credit Union - 154,841.08 50.000°/d 77,420.54 Money Market Account 4 A PA State Employees Credit Union - 6 27,303.47 50.000% 13.651.74 Month Certificate TOTAL (Also enter on Line 6, Recapitulation) I 94,939.99 (If more space is neetled, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule F (Rev. 6-98) Rev-1510 EXt ~6-98) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMON WEAL rN OF PENNSYLVANIA INNERITgNCE Tq%RETURN ftE51DENT DECEDENT ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 l nis scnedule must he completed and filed It Ine answer to any of questions 1 0mugh 4 on the rererse site of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY WCWDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT ANU THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET ~ of oecD~s INTEREST ExcwsloN (IF APPLICABLE) TAXABLE VALUE 1 PA State Employees Credit Union - 60 Month IRA 2,443.07 2,443.07 Certificate (beneficiary was Joanne Piccolo, the decedent's daughter) TOTAL (Also enter on Line 7, Recapitulation) ~ 2,443.07 (If more space is neetled, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) REV-1151 EX~ (13.99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TA%RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES 8~ ADMINISTRATIVE COSTS ESTATE OF I FILE NUMBER Piccolo, Austin W. 21-08-0717 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER q. FUNERAL EXPENSES: See continuation schedule(s) attached B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Joanne Piccolo Social Security Number(s) / EIN Number of Personal Representative(s): Street Address 1604 Wyndham Road City Camp Hill State PA Zip 17011 Year(s) Commission paid 2. Attorney's Fees Michael L. Bangs 9. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Joanne PICCOIO street Address 1604 Wyndham Road City Camp Hill State PA zip 17011 Relationship of Claimant to Decedent Daughter 4. I Probate Fees 5. I Accountant's Fees 6. Tax Return Preparer's Fees 1:3,508.12 5,000.00 5,000.00 3,500.00 456.00 750.00 7. Ofher Administrative Costs 551.70 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 2,8,765.82 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule 17 (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Blooms by Vickrey 371.00 2 Office of Catholic Cemeteries 850.00 3 Office of Catholic Cemeteries -Headstone 225.00 4 Parthemore Funeral Home 12,062.12 H-a Subtotal 13,508.12 Other Administrative Costs 5 Cumberland Law Journal -estate advertising 75.00 6 Pamela Reitenbach -real estate appraisal 350.00 7 The Sentinel -estate advertising 126.70 H-B7 Subtotal 551.70 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule ki (Rev. 6-98) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITHNCE TA% RETURN RESIDENT pECEpENT ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 Inclutle unreimEUrsetl metllcal expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Comcast Cable 118.53 2 Comcast Cable 118.53 3 Comcast Cable 118.53 4 Comcast Cable 118.32 5 Comcast Cable 118.07 6 Department of Veterans Affairs -Return of monthly benefit 117.00 7 F.M. Oppel -oil delivery 431.71 8 F.M. Oppel -furnace cleaning/service 112.00 9 Lower Allen Township - 2008 countyltownship real estate taxes 753.02 10 Lower Allen Township - 2008 personal tax notice 11.00 11 Lower Allen Township -sewer and refuse 87.50 12 Lower Allen Township -trash removal 87.50 13 Lower Allen Township - 2008 school real estate tax 1,608.71 14 PA American Water - 614/08 to 713108 59.16 15 PA American Water - 7/3/08 to 8/5/08 60.55 16 PA American Water - 8/5/08 to 9/4108 52.98 17 PA American Water - 915108 to 10/5108 48.61 Total of Continuation Schedule See attached page TOTAL (Also enter on Line 10, Recapitulation) 4,938.36 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Farm PA-1500 Schedule I (Rev. 6-98) Rev-1613 E%+ (6-96) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA continued INHERITANCE TPX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Piccolo, Austin W. 21-08-0717 ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 18 PA American Water - October to November 50.01 19 PP&L - 6/13108 to 7/16108 108.98 20 PP&L - 7116/08 to 8/13108 101.51 21 PP&L - 8113108 to 9115/08 92.92 22 PPBL - 9/16/08 to 10/16/08 66.13 23 PP&L - October to November 70.03 24 State Employees Retirement System -Return of monthly retirement benefit 348.73 25 Sweet Arrow Springs -water delivery 21.00 26 Urology of Central PA 57.33 TOTAL (Also enter on Line 10, Recapitulation) ~ 4,938.36 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) RFV.151t FYa 14A111 SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Piccolo, Austin W. ~ 21-08-0717 NAME AND ADDRESS OF RELATIONSHIP TO . SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT (Words) ($$$) Do NR[List Trustees ~. TAXABLE DISTRIBUTIONS [include outright s ousal dlstrlbutlons and Pransfers , under Sec. 9116(a)(1.2)] Brian Piccolo Son 220 South 4th Avenue I Reading, PA 19811 f Gregory A. Piccolo Son 7223 Bucknell Drive Fort Myers, FL 33908 Joanne Piccolo Daughter 1604 Wyndham Road ~ Camp Hill, PA 17011 I r ' Total Enter dollar amounts for distributions shown above on lines 1 5 through 18, as approp .ate, on Rev 1500 cove r sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF F.EV-1500 COVER SHEET ~ 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) IFlIe No. 0811 Uh01 PF Page d7 November 10, 2008 Mr. Michael Bangs, Esquire Bangs Law Office 429 South 18th Street Camp Hill, PA 17011 RE'. Estate of Austin W. Piccolo 1604 Wyndham Road, Lower Allen Township Cumberland County, Camp Hill, PA 17011 Dear Mr. Bangs Pursuant to your request, I have prepared a Summary Appraisal Report for 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 the applicable value influencing economic conditions and has been processed in accordance with nationally recognized appraisal guidelines. The retrospective market value conclusion stated herein is as of the date of death of Austin W. Piccolo, on July 8, 2008; as stated in the body of the appraisal and contingent upon the certifications and limiting conditions attached. The date of inspection was November 5, 2008. Please contact me, if I can be of additional service to you. Respectfully, Pamela M. Reitenbach PA Certified General Real Estate Appraiser Farm OCVR -'WInTOTRL" appraisal sotlware by a la mode, inc. - i-800-ALAMO~E !f-ilo Nc. 0R110b01 Pq Fage H31 SUMMARY OF SALIENT FEATURES Subject Adtlress 1604 Wyndham Road Legal Descripfion Book 22V Page 804 City Camp Hill County Cumberland Stag PA Zip Catle 77011-6024 Census Tract 25420-010900 Map Reference ADC 3118, F3 Sale Price $ N/A Date of Sale N/A Borrower NIA LentlerlClient Michael L. Bangs, Esquire Size (Square Feet) 1 739 Prlce per Square Foot $ Locafion suburban Age 61 Condition average Total Aooms 7 Betlmoms 3 Baths 2 Appraiser Pamela M. Reilenbach, PA Cetlifed General RE Appraiser Date of Appraised Value July B, 2008: Date of Death of Austin W. Piccolo Opinion of Value 5 180.000 Farm 5502 - "WInTOTAU' appraisal sotlware by a la made, inn. - 7-80[1-ALAMDDF Pamela Reitenhach uu~FnpM RESIOeNTIAL APPRAISAL REPORT 'Foe Na_ ae t tosot PHI Pang +r4~ 08-132 File Na. 081105f1 I PR 'r Ion _.__. ___ ______ tlp Cotle 17011-6024 Road _ ~QamgHlll Property Aggress 1604 VJyndha - P 9 - - CUmbe Cum Legal Oescgptlop Book 22V Pa e 804 ty and Assessor s Parcel No. 13-23-0547-127 - _-_ - _ -__ _ _ Tpx Vear 08 09 R.E. Taxes $ 2 157 $penal Assessments $ NIA Borrower N/A GurreM Owner Austin W. & Elizabeth M Piccolo Occu ant is Owner Tenant Vacant .. Pre ed n tits raked '~~ Fee Slm le ~ Leaseheld Pro'ectT a PUO ~ Candaminium HUONA aril HOA $ NA /Mo. Neighborhood or Project Name _ Lower Allen Township/Highland Park - _-Map Reference A_ DC 3118, F3 Census Tract 25420-0109 00 Sale Pdce $ NIA Date of Sale N/A _ _ Descnpdon antl~ amount m Iwn chageyconcesslons Ie be paid by settee NA Lender(Cllent _ Michael L Bangs, Esgmre _. __-_ Atltlress 429 South 18th Street, Camp Hill, PA_17011 , Harrisbur PA 17112 A raiser Pamela M. Reitenbach Address 5113 Circle Drive 9~ Pmeem land usa% Land use change Location Urhan :Suburban 'Rural Predominant PFIGEe family hoAGEg 1 ~ , -. Not llknly IJkely aoouperey $(000) (Yts) One family 80 BMtu Over 75% ~ 25 75% Under 25% p i Growth rate Rapid < Stable Slow ~ Owner 90 118 Law new 2-4 minty 5 I In process' Property values Increasing t Stable '. D¢elmmg ~ Tenant 750+ Hlgh 100+ Multi-tamely 3 To: DemanNsupply Shortage :~ In halance I Over supply ~ ~ Vacant Ig 5%) JPredommanf I _ _ Commercial 12 Marketing time Under.3 mos ~ 3 6 mos. Over fi mos LVa¢ lover 5%1 220 35 40 Other, Note: Naee and the reolal aompoaNlon of the nelNbborhood are not appralaal helwa. Neighbarhootl boundaries and characteristics'. See attached location map_ Lower Allen Township _ _ Factors that aflectthe marketablay of the Oroperties In the nelghborhooA (pmxlmlry to employment and amenltles, emplpymam staMliry. appeal 1e market, etc.(. The neighbomootl consists of a compatible mix of mos$ly 50 to 65 year old detached-homes of varying quality. All amenities and major traffic arteries are convenient to the subtect property. Average Economic social and physical area__Dlstance to amenities and necessities is good. The are no known detrimental. neighborhood influences that would affect}he sub~ec[s value or marketability, average mix and style of residential dwelbngslocated n an average sized suDUrban township... _-__ _ _ - - Market eontllllons m the suhJect nelghborhootl Qnelutling snppod far the above caneluslons related to the ttentl of property values Aomandlsupply. and marketing time --such as data on competitive propedies for sale in the neighborhood, desedpVon of the pmvalenre of sales and financing concessions, etcJ. Local market conditions are moderately stable with properties usually selling wdhin 120 days, if properly priced and marketed. Financing packages are varied with mostly conventional and VA/FHA.wilh few cash sales sellers are typically paying points in the 1-3 or mare range. Mortgage money is available to creidable buyers with rates ranging from 6 to 7 percent _ __ -_ Project Information for PUOs gf appllcableJ - ~ Is Ne developer/hullder In cprlhol of the Home Owners' Association (HOAj? Ves Ne Appmdmaterotal member el units in the subject project ApPmximak total number of units for soli in the subtect prne,cl Descrihe common elements and recreational facilities. Dimensions See Legal Description In the Deetl _ _ _._ - _ Topography level Stte area 14 acre. _ _ Corner Lat ' Ves ~:" No Size average Specilic zoning classdmation and description R 1 Sngle Family Established Residential _ I Shape mostly rectangular Zoning compliance ,Legal Legal nonconforming (Grandfalhered use) Illegal No inning ' Drainage appears atlegnate Hlghvat&tmst rise as lmprcvetl y,, Present Ilse Other rise (axplalnL _ wew residential UtIlHles Pnhhc Other i Oft-alte lmprovemeMS typo Puhllc Private Landscaping mature /average _ Electdciry _ _ Street paved _ _. _ / Driveway 5udace concrete Gas _ _ _.` CuNlguller co_nerete_ _ _ ,V Apparem easements standard utility Water > fSidewalk concrete ;>\ FEMA Special Flaed Hazard Area Yes ~, No $anhary sewer _ -_ Stteet lights yes __ -_ FEMA Zone C _ Map Oate 9/30/1977 ~ Alley none _ I _, (FEMA Map NO_ 4 21 01 60002 6 Storm sewer Comments (apparent adverse easements encroachments spemal assessments slide areas, Illegal or legal nonconforming zoning ase, etc) Standard easements for utilities are present which do not adverselyaffect the site. There are_no known or apparent adverse easements, encroachments or wndifions noted. GHJEPAL DESCRIPTION Ex1EBI0B DESOPIPTION FOUNDATION BASEMEM INSIII ATION .Foundation Concrete Blk .Slab none _Area Sq. Ft. 552 Woof No ul llnits 1 _ No. of Stoles 2 E%lemor Wells Brick Vinyl. ~DaWl Speae partial %Fnshad O:Galling WZlls Type (DeVAfl.j Detached Boot Sudace Comp Shingle jBasement partial Ceiling Unfinished ' ( l Walls Concrete Blk Floor Design (Style) Traditional _ Gutters & Ownspts Alum/Alum Sump Pump none Eelsllnq/Propased Existing Window Type Vinyl DH _ _I, Dampness none observed- (Floor concrete 'None Age (yrs j 61 Slorml5creens Tharma/Ves_ !SetllemeM Due to Age Outside Entry Yes IUnknowi EUacgve A e Yrs, 30 ,ManufacWred House no Intestagon none observed Den_- ROOMS Feyer living. I Dmmg_. Kitchen Family Bml Rac Rm B?drpoms #Baths Laundry ~- Other Arse Sq. Ft ~ Basement I _ _ - 557- 1 1 ~ 1 - l 1 1 -~ X 956 Leve l2 3 1 783 ~ . Pmshed are above atla contains'. 7 Rooms' 3 2 Bath s' 1,739 B care Feet el Gross Llvin Ama Bedroom s' INTLBIOA MatenalsrCandltlon (HEATING KITCHEN EQUIP. ATHC AMENHIES (CAB SIDFN I'. Floors cptntile vin I evg Type FHA&bb 'ReVlgemtor None ~Hreplace(s) # 1 i Nune Walls plaster /evg Fual oil8elect AangelOVen ~,~ Stairs Patio rear ~ Geroge p of cars TrIMHnish cr cm /evg iCdntliflop evg Disposal / ~ Drop Shu ~. Deck Ahachetl _. ~ SCUtlle ~ Porch _ Oalache~d Bath HOpr hie vinyl/avg. (COOLING Oishwashar ~'; ~ Bath Wainscot hie fg/avg. ICentml CAC _ FaNHosd i Floor Fence Buell-In 1 car k" Microwave ! Heated (Pool _ _ i Carport Doors Steel Insulated 8 OUrer _ Wood / av .Conditions av Washer/D er ~ I Finished Motorized Awin I Orivewa concrete Autlltienal features (special energy efllclent items. efc_I: The home. has newer vinyl clad thermopane windows. _ Gandhian of the Improvements. tlepreclalion (physical, tunctienel, and exlemalJ, repairs needed, quality of canshuc0on, remodeling/additions ¢tc._ Home is considered to be In average condition. No fund anal or economic obsolescence noted. Physical depreciation due to age and normal wear and tear. (See Atltlenda)_. _ __.. _.. _ Adverse emlronmental condltians (such as, but nut limited te, harartlous waste, mxic substanoas, etc.) presznt In the impmveme~nts'. on the site. or In the immediate vicinity of Ina subtect prapetly.: There are no known or apparent adverse environmental conditions that would negatively Impact on the a GAAnnAn1 Fradde Mac Form 70 6193 PAGE 1 OF 2 Fannic Mee Porm 7004 fi/90 Farm UA2-"WInTOTAL" aDPralsal seltware by a la mode, Inc - 7-500-ANMOOE ~ F'le NU 0R110S01 PR~Page#5~ UB-132 y non - -- _ $ Comments on Cast Approach (sucr~ ~~,. source of cost estimate .tie value, ESTIMATEO SITE VALUE ESTIMATED REPRODUCTION CO$HVEW-OF IMPROVEMENTS. _ _ _ square toot calculation and tar NUD, VA and FrtHA the. estimated remal¢In9 1,739 $q. FL @$ _ _. _ _ $ DWelllnq - _... _. BCOROmIc IIfO 01 th¢ prppeHyj'. The Gost Approach will generally _ _ 552 Gq. Fl. @$ _ _ _ result In a reliable estimate cf value It the building Is new or _ - - _ reasonably new, and the improvements reflect the highest and Garage/carport ?31 Sq. FL @$ _ best use of ihe_land However, when items of physiral Total EstlmaRtl Cosl New = $ _ deprecmbon must be estimated. an area of lutlgement is Less Physical Funcitonal External Involved wh ch is sub)ed to error The Cost Approach was not Depreciation ~I _ _ ~... _$__ uUltzed tlue to the age of thn sublect. Depreciated Value of improvements =$- ___._. -.-- - ---- "AS-is"Value of Site Improvements =$ -- - ---- -- - ITEM $UBAEGT COMPARABLE N01 COMPARABLE NU.7 COMPRRA011 N0.9 __ 1604 Wyndham Road 1503 Chatham Road 1507 Letchworth Road 1601 Kenl Road Vdtlress Camp Hill, PA 17011 Camp HUI, PA 17011 -Camp Mil, PA 17011 Cemp Hill, PA 17011 'ronmtry m Subject 0.19 miles E 0.16 miles SE 0 O6 miles NW - _ 200.000 $ _ _- Tales Pnce $ N/A , ~$ 181,000 - g~_ ublic records, agent 17000 §ICe/GrassLivingArea $ / $ 10308 IT- _$ 13175'/ $ 12382 Uata antl/pr tnspedion MLS 10149920 MLS 10153247 MLS 10154122 Venficafiop Source _ public recortls _ public records. agent __ public records a ant _ p _ VALUE AU,IIISTMENiS _ UESC_R_IPTION _ OESCRIPTIUN__ +( j$Atlusl_ _ OESCRIPTIUN_ +j-)$Adm9 DESCNIPTIDN +(-)E Rdnsl._ Sales or Financing Conv IDOM 6 CopV.IDGM 107 GooV./DGM 17 Concessions ,_ __ CIS.CosURepair _ _ 300 Cls CosURepair CIS.GOSURepatr Date of $aleRime 812812007 _ _ 1/31/2008 ___ _ 12/4/2007 Lacatlop _ suburban suburban suburban suburban -___ __- _ LeasehcldlFee Simple Fee Simple _ Fee Simple _ __ ___ Fee Simple _ _ Fee Simple Site 14 acre 13 acre _ 15 acre _ _ 14 acre _ Vj¢w resitlential Equal _. _,_ _ Equal _._ _ __ Equal Oestggantl APPeaI 2 Story. _ 2 Story _ __ _2_Story _ _ _ 2 Story gpality of Cpnshuction average average _ _-_ average. - _ average pq¢ _ 61 59. _ 58 _. _ 6~. Gpptlmpn _ average equal equal __ _ equal Ahpve Grade Total BOrms Baths Total ~. Bdrms_ Baths Total Btlrms Baths Total 8drms Baths 6 3 1 Hqpm COUnt 7 3 2 8 3~ 1 _, +4,000 7 3 2__ +2200 1.381 5 Ft. +3~OOo Gross Living Area 1,739 $q Fl 1 756 Sq Ft. '. _ _--_ 0 _ 1 518 $q. Ft. q + ,600 Basement 8 Finished Partial Bsmt full, unbmshed -2,000 full, part.finished -2 000 full, unfinished -2,000 Rooms Below Grade none none _ _ __ powtler _ __ -2 000 none Funcimnal ptiliry average _ average _. average average _ Heating/Cggling. FWA,oil, GAC FWA as none +3,000 FWA gas, GAC _ FWA,oil, CAC 9 __ __ Energy Egigieni Bems typical _ typical _ typical _ typical _ Garage/Carport. 1 par garage _ _ i gargarage _ _ .off street __ _ +~. 000 i car garage _ Porch, Patio, Deck, Patio wlawning Cov. Patio 2 Pattos,Sunroom -II) 000 Porch, Patio +1 Fiteplpge(sj, etc. Fireplace 2Fireplaces _ -1,500 none - - +t,U00 Shed. Fence 2,500 Fence, Peal, etc. Shed none _ +500_ H Tub Sec,R Fan ~ .500 _ - shpd -5 000 Nel Adl.. (total) _ -__--.._ - ~~-~~ r y. Nat 20 %$ _ 3700_~_Net 77%~ -1° 300 Net 2.7 %IV 4,600 AUlustetl Sales Pbce cl Cum arable Gross fi.2 % $ 184 700 Gross 14.4 % $ 184 700 Gross B.0 %S 175,600 Comments on Sales Comparison (indUding the stthject propeM1ys compaHblllty to the nelghborhgod etaj', All sales are located in the subject's neighborhood. The cigsetl sales displayed are considered to be the mast wmparable and the best indicators of value 4r the subject property. The _ comparables are given equal constderabon. All comparables are of similar desgn and utility to the subject property. These comparables set. me range of value far the sub/act property. .Gross living area lot s¢e, year bmlt were obtained imm G~~~nty tax assessment records and deemed as aaurale. In the even) tt is determined that any of the mforrn_ation from public recods is inarr.urate we reserve the nght to revrew and or revise this re on and conclusion of value staled within __. _.. _.. ITEM SUBJECT COMPARABLE ND 1 COMPARABLE NO 2 _ CDMPPRPIRC NU. Ii Oate Price and Data No Prior Sales No Pnor Sales No Prwr Sales I No Prior Sales Source for prior sales vi thin the last I within the last wtihtn the last within the last wdhm year of apDralsal 36 months 12 months V months ~^^<.months Analysis of any cun¢nt agreement of sale, option, or listing of suhject propeM antl analysts of ant poor sales m sublect and come-mbles within ¢ne year of the date of appraisal. Other prior sales of the comparable properties occurred more than one year ago, Ps. of the effective da1:e of Ihis report the subject is oat currently under contract or listed in the open market Subject has not transfertetl within the past three y~ ors. INOICATEO VALUE BY SALES COMPARISON APPROACH $ .180,000 INOICATEO VALUE BY INCOME APPflOACH ilA Ilcahle EstimaMd Mark¢I Rent $ __. N/A__ Mo. xGfoss Renl '1I'IPIe N/A _$ NIA _ This appraisal Is metle < "ss Is" subject to the repalm elteretlone mspectlone or eontliHona listed helpw st' eot le completion rter plans ¢ speciUCatlons'. Can4iquns al RpDmisrl No warranty of this appraisal is given or implied No Iiabiirty is assumed for the slru~.~.ural andlor mechantro elements of the property. Final Recanciliatlon Due to the lack of quality and quality of rental data, the Income Approachwas conside.=tl inappropriate and not utilized _ Greatest weight is given to the Sales Companson Approach since d reflects the typical actions of buyers and sellers in the marketplace. Cost Approach not utilized due to the age of the subled ^ Dale of Death Austin W F'tccolo _ _ _._ _ The purpose ul this apDralsal is to estimate the mallet value of the real property that Is the subject of thrs report, based on the abcve conditions and the certlfkahon. cnpUngent antl limiting conditions. and market value deflnitlen that are stated In the apached Retldla Mac Farm 439/FNMA lone 1004B (Revised 06/93 1. - IIWE)ESTIMATE THE MARKET VALUE, AS OEFlNEO, OF THE REAL PROPERTY THAT IS TXE SUBJECT OF THIS REPORT, AS OF _. July 8. 2008^ (WHICH ISTNEOATE OF INSPECTION ANOTHE EFFECTIVEOATE OF THIS REPORT)iO BE $_. ...180.000 • APPRAI '-~ SUPERVISORY APPRAISER (ONLY IF PEOUIREO): ~` ~) ~~ ' ~ Did Did NUI Signatutk~TC..~~-_ ~ S.-~ SignaNre _. _ ___ Name Pamela M- Reitenbach PA Cert. Gen RE Appraiser. Name _ _ Inspect Property Oate Repon Blgnetl November 10 2008 _ __ - __ Date Rvpon Slgnetl __ $[ffie Certllication # GA001604 -State PA _. State Certditation # _ _. __ 5/ate Or State License # State Or State License # Stale Freddl¢Mac Form 70 f/93 PAGE 20F2 Fanme Mxe porm 1004 G93 Form UA2 - "WinTOTAL" appraisal sollware by a la made, inc. -1-BOO~ALAMODE 'Iaa k~. oat ipsat Pii~ Papa ns~, Supplemental Addendum eiehpoenosolPR BonowerlClient NIA _ -_ _ _.. _... - _ -.-.._ ___- PropertyAddress 1604 Wyndham Road _ _. _ __ _ _ - --. filly _ Camp HIII _ _ County Cumberland _ _State PA Zip Gatle 17011-fill?4 Lendr M h I L B g Esg re _.._.- Improvements -Condition of Property. Cont'd: The subject property is improved with a detached, 2-story residential dwelling. The firs) floor of the home contains a kitchen having a ceramic file floor, wood cabinets with Formica counter tops, electric range, microwave, dishwasher and disposal, dining room with carpeting, builtin shelves, crown molding and chair rail, living roon with carpeting and fireplace; family room with carpeting, crown molding and lighted ceiling fan, and full bath with vinyl flooring, fiberglass shower, vanity, commode and laundry hook-ups. Second floor of the home contains three bedrooms antl a second full bath with tublshower unit, vanity, commode and ceramic file flooring. Full, unfinished basement. 1-car garage, rear patio with motorized awing and shed. The overall all condition of the home is considered as average/good. The estimated effective age is below the actual age due to maintenance, condition, and comparison to wmpefing neighborhoods. Physical depreciation is attributed to age and normal wear and tear. No functional or economic obsolescence was noted. Adverse Environmental Conditions. Cont'd There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the property. The appraiser has not been informed, nor has the appraiser any knowledge of the existence of any environmental or health impetliment. which if known, could have a negative impact on the market value of the subject property. The valuation contained herein is not valid if any hazardous items are found in the subject property and stated within the appraisal report, including but not limited to: Ureaformaldehyde foam insulation, Radon Gas, Asbestos Products, Lead or Lead Based Products, Toxic Contaminants. The subject is of an age where lead based paint may be present. The market does not penalize the property, however, the client should be advised of its possible existence. It is assumed that lead based paint is not present. If the client has a concern then a qualified expert in this field should be contacted to inspect the subject property. SCOPE OF WORK: Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the dwelling and detached garage. Review of the County Public Record data and Multi-List. Inc. records. Review the county tax map online information, county tax map, zoning, and FEMA Flood maps. Verifying, the comparable sales with broker, agent, seller or buyer. Note: Mark Baron was the assistant to the PA State Certified General Appraiser and assisted with this report arrd rendered significant assistance in all aspects of its preparation and inspection. DIGITAL SIGNATURES The digital signature used on this report is an exact replica of the appraiser's actual signature. The digital signature has not been altered and is downloaded from the program by the appraiser. The digital signature is password protected to avoid improper usage. The digital signature should be considered equal to an original signature of the appraiser. DEFINITION OF MARKET VALUE The definition of Market Value "is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24. 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. SPECIAL LIMITING CONDITIONS: This appraisal is not a home inspection and [he appraisers' are not acting as home inspector's when preparing [he report. The borrower has the right to have the home inspected by a professional home inspector. When pertorming the inspection of this property, the appraisers visually observed areas that were readily accessible. The appraisers are nol 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. The appraisers are not home or environmental inspector's. The appraisers provide an opinion of value. The appraisal does not guarantee that [he property is free of defects or environmental problems. The appraisers performs an inspection of visible and accessible areas only. If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood infestation, building inspections, etc. Supplemental Certifications: I certify that, This SUMMARY APPRAISAL REPORT was prepared by Pamela M. Reitenbach, assisted by Mark Baron, Assistant to the PA Certified General Real Estate Appraiser, For the exclusive use of Michael Bangs, Esquire (intended user/client). The intended use of this appraisal report is for estate settlement purposes. Estimated market value is Farm TAOb-"WinTOTAL^ appraisal software by a la made, inc. - 1-800-ALAM06C Fln Na. 0911(601 ff1 Pape a7i Supplemental Addendum Fuaruooa„osotrR Bartower/Client NIA ____. __ __._.. _ _.. Pmperry Address 1604 Wyndham RCatl _ -__ City Camp Hill __ _ County Cumberland_ State PA ZIp CoAe 1701 ~-6024 L 11 r M' h I L 8 gs Esg -_ the most probable price in terms of cash or in terms of financial arrangements equivalent to cash. The information and opinions contained in this appraisal set forth the appraiser's best judgment 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 at the sole responsibility and at the sole risk of the third party. I 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 repod. In my opinion, the reasonable exposure time linked to the value opinion is up to 180 days. I further certify that, to the best of my knowledge and belief-. - The statements of fact contained 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 my 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 or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation For completing this assignment is not wntingent 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 [o the Intended use of this appraisal. - My analyses, opinions, and conclusions were tleveloped, and this report has been prepared, in conformity with the Uniform Standard of Professional Appraisal Practice. - Pamela M. Reitenbach and Mark A. Baron have made a personal inspection of the property that is the subject of this report. Pamela M. Reitenbach PA State Certified General Real Estate Appraiser Farm TABO -'WinTOTAL" appraisal software by a la made, inc. -1 900-ALAMOOF Fie No. 0817050IPR Page #S DEFINITION Of MARKET VALUE: The most pmbahle price which a property shpold bring In a competklva and open market under all conditiers requisite to a fair sale, the buyer and caller, each acting prudently, knowledgeahly and assuming the price Is not adacmtl by undue stimulus. Implicit in the deflnAipn Is the consummation of a sale as of a specified date and the passing of fine from seller to buyer under cpndaipns wherehy'. (1j hnyer and seller sic typically motivated, (2) bath parties are wall Informed or well advised and each acting In what he considers tits awn bast interns[ (3) a reasonable tlme~ i, xlluwed for exposure In the open market, @) payment Is made In terms of cash In U.B. dollars or in terms of financial epangemen6 comparahle Iherem: and (5) the prim represents me normal constleahon tar the property sold nnadected 6y special or creative financing ar sales concessions' gaoled by anyone associated wi'h me sale. `Adjusimenls to the cpmparables must ba made for spedel pr creative financing er sales concass'ICns'. Nu adlustments are necessary for those costs which em normally pall by sellers as a result of tadlhon or law in a market area; mese costs are readily IdendflaMe~ since the seller pays these costs In virtually all sales hansacbons. Special ar creatve financing edustments can be made to the cpmpaable property by comparisons to ilnancing terms pflered by a third party Instlmhonal lender that Is net already involved In Ihn property or transaction. Any atlushnent should not he calculated on a meohanical dollar far dollar cast of the financing or concespipn but the dollar ampont of any adJustment should apProdmate the market's reaction to the Ilnandng or concessions based on the appraiser's lodgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's ceddlcaHon that appears In the appraisal report u snh~ea to the Iellowing condAions. 1. The appraiser wll oat 6e responsihle for metiers of a legal naNre that aflect edhar the property being appraised or the lido to IL The appaiser assumes mat the tlfle Is good and marketable anq therefore, will opt render any opinions shout the tme. The property is appraised on the balls of it Ueing antler responslble ownership. 2. The appraiser has previdetl a sketch in me appraisal repod tp show aOProxlmate dimensions of the Improvements and the sketch is Inchided only to assist the mailer of the sport In vlsualking the property and undarstanding the appraiser's deRnnlnadon of ds size. 3. The appraiser has examined Iha avallahle floeA maps that are Orovided by the Federal Emergency Management Agency (or umer data sourced and has noted In the appraisal repod whether the subject sAe Is located In an Iderdifletl Special Flood Hatard Area. Because the appraiser is oat a surveyor, he or she makes no guarantees, express' or Implied, regarding this determinatlon. 4. The appraiser will not glue testimeny or appear in toad hecause he pr she made an appraisal of the property In question, unless epadtlc artangements to rip so have keen made beforehand- 5. The appellee has estimated the value of the land In the cost appreach at Its highest and best ose and the Impmvements at their contributory value- those separate valuatlons pf the land and Impmvements must not 6e used In conjunctlon with any other appraisal and are Invalid if they are so used. 6. The aDDralser has noted in the aDPralsal report any adverse condMOns (such as, needed repairs, depreelatloa the presence of hazamous rmistes, tavic substances, e1eJ ebservetl during the Inspedlon pf the subject properly or mat ha or she became aware of during the normal raseamh Involved in pedotming the appraisal. Unless o0erwlse stated In the appraisal repo4 the appraiser has no knowledge of any hidden or unapParent conditions of the property or adverse environmental conddiens Qnclutling the presence of hazardous wastes, toxic substances, eta) mat would make the properly mare. ar lass valuable, and hxs assumed that there are no such conddlpns end makes no guarardees or wartanties, rxpass or Implied, regaining the condlgon of the ptopeM- The appaiser will opt be resDonslhle for any such contldions that rip exist or for anV engineering or testing that might be regulmd to discover whether such contlltlons exls't Because the appraiser is oat an expel In the geld of environmental hazards, the appaisal repod must not be considered as' an environmental assessment of the properly. 7. Tha appraiser obtained me iMmmallon- estimates, and opinions that were axOressad In me appraisal repod tram sanmes that he nr she. considers ro he reliable and believes them to be tree and carted. The appaiser does eel assume responslbllity for me accuracy of such 'tlems that warn hrtnLshe~d by other parties B. The appraiser will not disclose me contenm pl me appraisal repod except as Orovldetl for In me Uniform BtapdaNS of Protesslonal Appmrcul Practice. 9. Tha appraiser has based his pr her appraisal report and valuadpn conduslon for an appraisal mat Is subwt to satlsladpry completion. tepalis, or alterations on the assumption that completion of the ImProvemenls wlll6e Oetlermetl in a warkmankke manner. 10. The appraiser must provide tits or her prior written consent hetore the lenderldlent speeilled in me appraisal rrpurt can dlsMhute the apnmisal repmt (Inehrtling condusiem shout the property value, the appalser'e Identity and professional designetlpns, and relerencec to any professional apPmisal prganizatlons or the Ilan with which the appalser is associated) to anyone Omar man me borrower', me metlgagee or it snecessors and assigns. the modgage insurer'. consultants professional apPralsal organlratlons', any state or federally approved tinanclal instihtfion', or any tlepatlmenC agency, or inalnimentality of the United Stites er any slate pr the Dlshict of Columbia', except that me lender/client may dshbute the pmpeM descripbpn section of the repod only to data collection or reporting service(s) without having to obtain me appaiser's prior writmn consent The appraiser's written consent and approval must also 6e ohtained befom the apprelsal can he conveyed by anyone lp the puhllc through adverhsing, Vuhllc relations, news, sales. pr other media. Freddie Mac Form 489 ti-93 Page 1 m 2 Pannle Mee Pamela Reflenhach Form ACR - "WIn7UTAL^ appalsal sofhvare by a la made, Inc. -1-90D-ALAMODF, Fie No. afit IasnlPR Page tie. • ,~ APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees mat: L I have reseamhetl the sublect market ama and have selected a minimum of three mcent sales el propemes most similar and proximate to me suhjrot piope~ny far consitleratlon n me sales comparison analysts and have made a dollar atlustmenl when appropriate to reflect the market mactien Io those items of signlficanl variation. If a signl(cant Item In a comparable property Is superior to, or mare favomble than, me sublect property, I have made a negative adjustment to reduce the adjusted sales price of fhe comparable and A a slgnifleam Item In a comparable property is IrAetlor te, er less favorable than the sublect property. I hove mace a positive atllustment Ie increase the adJustetl sales pace of the eompamble. 2 I have taken into censltlerabon the lectors chat have an impact on vabre In my development of the estlmah of market valve in the appmis'al repod. I have nnf knowingly withheld any slgnlllcant Information from the appraisal repod and I believe, to the best of my knowledge. that all statements aM Intorrretinn in the. appraisal repod are foie and correct. 3. I stated In the appraisal report only my own personal, unbiased, and Ixalesslonal analysts, opiniens. and conclusions, which era sublect only to the contingent and limiting contlAians specilletl In this loan. 4. I have no present or prospectwe interest In the Property that Is the sublect ro this report, and I have no pmsent ar prospective personal interest or bias with respect to the padiclpants In the transacfion. I Altl not hose, either panlally or cpmplrtely, my awlysls andlor the estimate o1 market value in the appraisal repod on me race, color. religion, sex, handicap, familial staNS, or national origin of elmer the prospective owners or occupants of the sublect property ar of the present owners aroccupants of the pmpetlles In the vicinity of the suhlect pmpelry. h. I have tie present or conRmplated future Interest In the sublect propetry, and neither my current or hrWre employment nor my compensation for pednrming this appraisal is confingent on the appraised value of the property. 6. I was not required to repon a predetermined value or direction In value that lavers the cause of the client or any related pally, the amount of the vahiv. estlmele, the analnment of a spedfic result, or the occurrence of a subsequent event In oNer to receive my compensation anNor employment Por performing Ne appraLsal. I tlltl not hose the appraisal repon an a requested minimum valuatloq a speclgc valuation, ar the need to approve a specific modgage~ loan. 7. I Deriorme0 min appraisal In conformity with the Unhorm Standards of Protesslonal Appraisal Practice that were adoptA and promulgated by the Appraisal Standards Board of The Appraisal Pountlaflon and that were In place as oI the egective date of this appraisal, with fhe exception of the depadum provision of thane Standards, which does not aDpty- I acknowledge that an estimate of a reasonable time Ior exposure In the open market is a condition In tie dellnltion of market value and the estlmaR I developed Is consistent wIU the marketing time noted In the oeighborhoed xeefion of this report. unless I have otherwise stated in the reconcilialien section. B. I have personally inspected the Interior and a#enor areas of the subject properly and the ededor of all propedies IIsMtl a compambles In the appraisal repon_ I fudher cerihy that I have noted any apparent ar known adverse eondlgons in the sobject improvements, en the sublect site. or on any site wdhln the immediate vicinity el the sublect prapeny of which I am aware and have made adjusMents for these adverse contlitlons In my analysts of the pmpedy valve to the edenl that I had market evidence to support them. I have also commented about the afloat of the adverse contlbons an the marketlhlllry of the suhlect properly. 9. I personally prepared all conclusions and opinions about the real estate that were set Ienh In the appraisal repod. II I relied an sipnplcanl protesslonal assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal repoh, I have named such individual(s) and tlisdasetl the speclllc tasks performed by them in me reconclllatlon section of this appraisal repod. I certify that any intllvitlual so named is qualified to perform me tasks. I have not authorized anyone to make a change to any Item In the repod', therefore. If an unanthorizetl change Is made to the appraisal repon, I w{II lake no msponsiMrity for it. SUPERVISORY APPflA1SEfl'S CERTIFICATION: h a supervisory appraiser signed the appraisal repon, he or she certifies and agrees that. I tllrecdy supervise me appraiser who prepared me appmisal repod. have mviewetl the appraisal repod, agme with the statements and conclusiens M thn. appraiser. agme to he, hound by fhe appraiser s cedhicalions numbemtl 4 through 7 above, and am taking full responsihiliry for the appalsal and the appraisal report AOOflE$$ OF PROPERTY APPRAISEO: 1604 Wyndham Road, Camp Hill, PA 17011-6024 APPRAISER: ~_~ Signdlure;_~'~~ '~ Name: Pamela M. Reitenbach, PA Cedified General RE Appraiser _ Oa[e Signed November 10, 2008 _ - _. _ ___ State Cenlllcuien #'. GA001804 _ _. __._- Of SIaR LCensB .$. State: PA _ _ _ _ _ _ __. Expimtlon Date of Cedlficahan or IJcense 8/302009 SUPERVISORY APPRAISER (only if requiretll: _ Signatum:. _ _ _ _. _ Name: Oate Slgnetl. __ _ _ __ State Camllcatien #_ _ _. State: Ei@iraNon Oa[e of Cemflcaaon or Livense. Old Ultl Not Inspect Properly Freddie Mac Fonn 439 6-98 Page 2 0l 2 Fannie Mae Fann 10040 fi-93 Farm ACR - "WInTOTAL' appraisal software by a la nrotle, inc. - 7 ~BOO~ALAMOOE Shareowner Services PO Box 64874 St. Paul, Minnesota 55164-0874 www.wel Isfargo. com/sha reownerservices September 12, 2008 Request Number: 5181927 BANGS LAW OFFICE ID Number: HL35468 MICHAEL L BANGS WFType: CO 429 SOUTH 18TH STREET CAMP HILL PA 17011 Regarding: PPL Corporation for AUSTIN W PICCOLO & JOANNE PICCOLO JT TEN Dear Mr. Bangs, Account Number: 3097039096 Registration: AUSTIN W PICCOLO & JOANNE PICCOLO JT TEN Creation Date.- 0611 8/1 9 84 Issue Name of Stock: PPL CORP COMMON Total Share Balance on 06/17/2008: 328.947 Closing Price per Share on 06/17/2008: $ 50.91 High: $ 51.42 Low: & 50.91 Average: $ 51.165 Ticker Symbol for the Company is: PPL It is exchanged or traded on: NYSE If you have any questions, please call our Shareowner Relations Department at 1-866-280-0245. Sincerely, Shareholder Communications Enclosures: BILL OF SALE I, JOANNE PICCOLO, the Executrix of the Estate of Austin W. Piccolo, have sold the decedent's 1999 Buick LaSabre automobile, VIN #1Ci4HP52KXXH436002, to Donald Whipple for the sum of Four Thousand One Hundred ($4,100.00) Dollars. Date: ~' 1 `+ '~l ~ z-"ex` ~~L.C~s-~`~ J NNE PICCOLO PSE(~k July 25, 2008 Accowtt # 0168XXXXXX MICHAF_L L. BANGS 429 SO[JTH 18TH ST CAMP H1LL, PA 17011 Dear MR. BANGS The following is the status of AUSTIN W. PICCOLO'S account with PSECU as of the date of death. Joint Owner's Name JOANNE PICCOLO, ADDED 03.25.1987 AS JOINT TENANT WlROS Date of Death 06!.17.2008 Date ofBitYh 08.15.1916 Share llescription Open date S O1 Regular Shares 10.31.1983 S 04 Checking 05.06.1991 S 07 Money Market 08.23.2005 C51 60 Mouth [RA Certificate* 01.27.2004 C53 6 Month Certificate 08.23.2005 *Joawre Piccolo -designated IRA beneficiary Balance Accrued Dividend $ 4,337. 52 $ 236 3,397. 90 0.53 f 54, 841. 08 190.94 2,443. 07 3.54 27,303. 47 49.91 The dividend earned from January 1, 2008 through the date of death was $2,837.85. The decedent had uo loans with us. W e do not have safe deposit boxes for our members. If you have any questions, please call 234-8484 in Harrisburg or our toll-free number, (800) 237-7328. At the menu prompt, enter 6 and then extension 2227. Sincerely, '- /~ I ~ b Mea ieF ~t~tax Member ervice Representative Finance Support Unit Pennsylvania State Employees Credit Union Main Address_ 1 Credit Unio Place, Harrisburg, PA 171 10-7990 717234 8484 BOQ237.7328 Mailing Address' NO. box 67013, Harrisburg, PA 17106-7013 717.777.2100 iTDD) 800 17).1967 (TDD) II i~ oral I w ledeie II isored by the Nrtlionol Gedil Union Adminisimilon. Equal Opportunl~y Londer www.psetu.eom ~,,~„ .. . ~~ r,/G ~~zz~~-- ~~~ ~~/rr~t~~n, ~~~~~i~~-ail i- I, AUSTIN W. PICCOLO, of Lower Allen Townslrip, Cumberland County, Pennsylvania, declare this to be my last will and revoke any will prt viously made by me. ITEM I. i direct that all my just debts and funeral expenses, including my gravemarker ~(~` and all expenses of my last illness, and any and all taxes and assessments imposed by any governmental body as a result of my death, whether on property passing under this will or v ~,.. otherwise, shall be paid from my residuary estate as soon as practicable after my decease as a ~ part of the expense of the administration of my estate. ~. ITEM II. T give and bequeath my real estate located at 1604 Wyndham Road. Camp ~ ~} S Hilh together with all of my household goods, automobiles, jewelry, and all other articles of +-i household and personal use, equipment and ornament, together wif-i all insurance thereou and ~, relating thereto, to be divided evenly between my children, JOANNE PICCOLO and ti ~~ GREGORY A. PICCOLO, or to the survivor of them. ITEM Ill. I give, devise, and bequeath all the rest, residue, and remainder of my ~" possessions and estate of every nature and wherever situate to be divided as follows: A. Twenty-five (25%) Percent to my son, BRIAN 1 [CCOLO, provided he sru-vives my death by thirty (30) days. Should he predecease me or be deceased on the thirty-first day after my death, his share shall be divided evenly among my surviving children. ,~ B. Thirty-seven and one-half (37.5%) Percent to my daughter, JOANNI? PICCOLO, provided she survives my death by thirty (30) days. Should she predecease me or be deceased on the thirty-first day after my death, her share shall be divided evenly among my surviving children. C. Thirty-seven and one-half (37.5%) Percent to m}' son, GRF,GORY A. PICCOLO, provided he survives my death by thirty (30) dais. Should he predecease me or be deceased on the thirty-first day after m} death, his share shall be divided evenly among my surviving children. ~•-,. ITEM iV. All of the interests of the beneficiaries hereunde~ shall not be subject to ~ ~~ anticipation or to voluntary or involuntary alienation nor shall they i1e subject to a~iy execution or ~ ~~ attachment •, '~, C ITEM V. i appoint my daughter, JOANNE PICCOLO, exe ~utrix of this my last will ~ ~ 1 ,t ITEM VL In addition to the other powers and authorities g.anted to my personal ' t. representatives by Pennsylvania law and by the other terms and pro visions of this will, 1 hereby }, give to my personal representatives the following powers and authorities effective without court ~, 1 approval and until actual distribution of all property: to compromio- :any claim or conh~oversy; ~n ti to make distribution in cash or in kind, or partly in cash and partly i,r I:ind, and in such nwnner as ^~ my persona] representatives may determine and at valuations final)„~ to he fixed by them; to invest in all forms of property, including any stock or other securiti: s in auy corporate I fiduciary or its successor without restriction to investments authorized for Pennsylvania fiduciaries. as n~iv personal representatives deem proper, without regard to any princiLle of risk or diversil icition_ . ., . to retain any or all assets of my estate, real or personal, without regard to any principle of rill: or diversification; to sell at public or private sale, to exchange, or to lease for any period of time, any real or personal property and to give options for sales, exchanges, or leases, Ibr such prices and upon such terms or conditions as my personal representatives deem propel: and to allocate receipts and expenses to principal or income or partly to each as my personal representatives deem proper in their sole discretion. ITEM VII. I direct that my personal representatives and fiduciaries shall not be required to give bond for the faithfid performance of their duties in any juri :diction. iN WITNESS WHEREOF, I have hereunto set my hand this ~~~ ~` day of ~~-~,fy- _, 2002. / 1 ~ -- i AUSTIN W. PICCOLO , • / The preceding instniment, consisting of this and THREE other typewritten pages, each identified by the signature of the testator was on the date thereof signed, published. and declared by AUSTIN W. PICCOLO, the testator therein named, as and for his last will, in the presence of us, who at his request, in his presence, and in the presence of each oilier, have subscribed our names as witnesses hereto. 4 .~ :: . COMMONWEALTH OF PENNSYLVANIA ) (SS: COUNTY OF CUMBERLAND ) The undersigned, being the testator whose name is signed to the attached or foregoing inch ument, having been duly qualified according to law, does hereby acknowledge that l signed and c~eculed the foregoing instrument as my last will, that I signed it willingly;~and that I signed it as my free and voluntary act for the purposes therein expressed. / ' - - -- AUSTIN W. PICCOLO Sworn or affirmed to and acknowledged before me by tl e stator lamed above this k~~lav o1'~ ~~~ ,~ ~, ~~ , 2002. C ~ .. _. ~ ,,.1, r .. ~. Mt 6 C't9ivficrl6l'~f VV`E AT."T`I`i `OI* T"~IVT~IS~YLV AN I A ) ( SS: COUN`fY OF CUMBERLAND ~, ~ ) W g, ~ .~~a, l ~,. ~ ~ and I .'t.~,~~~~ t}~ ~` ~ t~ ~ i~ i I ,the witnesses whose names are signed to thehe attachoing instrument being duly qualified according Io law, do depose and say that we were present and saw the testator sign and execute the instrument as lus last will; that he signed it willingly and that he executed it 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 Ihal to the best of our knowledge, the testator was at that time 18 or more years of age, of s uid mind, and under no constraint or undue influence. J/A , ,~ ~ ,~ ~ ~~ Sworn or affirmed to and acknowled d~b~for me this ?~,davof I~!i!};I~~'1 .2002. Notary Publig' ~ 'lx~a ,. .. ~.'.aF"r;. m., ;