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HomeMy WebLinkAbout03-12-093odl<,yo~i sn~ oii ,', ch ~J ~_ ~ ~i O ~ Q1• c V __ ,~ lr) Ln `- LL I V v~ ~ _ ~~ Ul i ~.... i~ ~ '- o ~~ H3"B5t1F~ ~I '~ ;. .~ t•w ,v.r. .r ~-~~'{{~~,, ~ •.Rt~r ~ ~ v ~ ~ `= _ cf~ ~ ~f ___ -= i ~_ c c~_ ~ 'Q C~~.. 1 `~ U N ~ u/` 1 _ ~ - Q ~ CL L :a ~ i~. ~ ~ ~ U Ste-? z °=o a ~ ~ o 0 v ~~~ N~ ~ < ~: C4a ~ ° ~ a 'v~ ~ a~o~ ~ w ~ ~U 30 ~x ~~~ c cv)M Oa ~~ ~ ~~~o w ~ UU ~~ v~ A 0 v ~ Q ~ ~ ~ ra c a c a ~ ~ ` ` O ~ ~ U N _ _ c C ~ ~ C UUOU ~ ~~ LAW OFFICES JOHN E. SLIKE ROBERT C. SAIDIS JAMES D. FLOWER, JR CAROL J. LINDSAY JOHN B. LAMPI DANIEL L. SULLIVAN DEAN E. REYNOSA THOMAS E. FLOWER MARYLOU MATAS JASON E. KELSO SAIDIS, FLOWER & LINDSAY A PROFESSIONAL CORPORATION 2109 MARKET STREET CAMP HILL, PENNSYLVANIA 17011 TELEPHONE: (717) 737-3405 -FACSIMILE: (717) 737-3407 EMAIL: attorney®sfl-law.com www.sfl-law.com March 10, 2009 CARLISLE OFFICE: 26 WEST HIGH STREET CARLISLE, PA 17013 TELEPHONE: (717)243-6222 FACSIMILE: (717)243-6486 REPLY TO CAMP HILL n N ~~ ~~ ~ ~ 'r1C J s~ ~i7 Cumberland County Register of Wills - ~; Cumberland County Courthouse ' ~ r` : N _ One Courthouse Square ~,--, ~.~~-?`~ ~ ~ ~:.~=' ~ Carlisle, PA 17013 ~"' ~ ,. ' ~' ' ~ --- Re: The Estate of Harold J. James ° File No. 21-08-1007 Date of Death: August 13, 2008 Dear Ms. Strasbaugh: Enclosed are two original copies of the Pennsylvania Inheritance Tax Return and a copy of the Inventory for the Estate of Harold J. James to be filed in your office and at the Pennsylvania Department of Revenue. Also enclosed is a copy to be time stamped and returned to me in the self-addressed stamped envelope. A check in the amount of $30.00 is included to cover the filing fees. If you have any questions or comments, please call. Sincerely, AIDIS, FLOWER & LINDSAY ~- ~~~_ ~~ ~~ ~~~o Ann Seker Paralegal Enclosures js 1505607120 RSV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO 60X.280601 2 1 O 8 10 0 7 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 08 13 2008 08 24 1917 Decedent's Last Name Suffix Decedent's First Name MI JAMES HAROLD J (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW X^ 1. Original Return ^ ^ 4. Limited Estate ^ g Decedent Died Testate ^ (Attach Copy of Will) ^ 9. Litigation Proceeds Received ^ MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return ^ 3, Remainder Return (date of death prior to 12-13-82) 4a. Future Interest Compromise ^ 5. Federal Estate Tax Return Required (date of death after 12-12-62) ~ Decedent Maintained a Living Trust 0 8. Total Number of Safe De osit Boxes (Attach Copy of Trust) P 10. Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113 A between 12-31-91 and 1.1-95) ^ ( ) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JAMES D. FLOWER, JR. ESQ. 717 243 622~~ Firm Name (If Applicable) SAIDIS, FLOWER & LINDSAY First line of address 26 WEST HIGH STREET Second line of address City or Post Office CARLISLE Correspondent's a-mail address: State ZIP Code PA 17013 :~ REGISTER'ILLS U ONLY -; }~ ~ - r"r, --_ 4 - J\ ~ - - - ` -. r~ _- -, c_ -~- :-' ~ - _ -, D ._.. DATE FILED '-' under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information f which preparer has any knowledge. SIC~JATERSON RESPO LE FOR FIt~tNG RETURN _ DATE Virginia G. Hurley ~' 906 Alexander Spring Road, Carlisle, PA 1701 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE ~~`L'~~ A James D. Flower Jr. ~/ /,. /~oD (~ West High Street, Carlisle, PA 17013 Side 1 1505607120 1505607120 1505607220 REV-1500 EX Decedent's Social Security Number oeceaeM's Name: H a r o l d J. James - - -- _ _ - - RECAPITULATION 1. Real Estate (Schedule A) ...................................................................................... 1. 1 1 0, 0 0 0. 0 0 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. 9 4 , 4 1 1 . 7 9 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested ............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) n Separate Billing Requested ............. 7, 8. Total Gross Assets (total Lines 1-7) ............................._.................................. 8. 2 0 4 , 4 11.7 9 9. Funeral Expenses & Administrative Costs (Schedule H) ...................................... 9. 1 0 , 7 5 7 . 0 6 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ................................ 10. 1 2 , 1 0 2 . 8 1 11. Total Deductions (total Lines 9 & 10) ................................................................. 11 • 2 2 , 8 5 9 . 8 7 12. Net Value of Estate (Line 8 minus Line 11) ............................._.......................... 12. 1 8 1 , 5 51.9 2 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .............................................. 13, 14. Net Value Subject to Tax (Line 12 minus Line 13) .............................................. 14. 1 8 1 , 5 51.9 2 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .o0 0. 0 0 15• 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .045 0. 0 0 16• 0. 0 0 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17• 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 181 , 5 51.9 2 18. 2 7, 2 3 2. 7 9 19. Tax Due .................................................................. .........................• _ . ................. 19. 27, 232 .79 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 L, 1505607220 1505607220 REV-1500 EX Page 3 File Number 21-08-1007 Decedent's Complete Address: DECEDENT'S NAME Harold J. James -- -- - -- - STREETADDRESS -- -__ 43 Linn Drive CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 3. InteresUPenalty if applicable p. Interest E. Penalty _ ~s,ooo.oo 1,361.64 Total Credits (A + B + C) (1) 27,232.79 (2) 27,361.64 Total InteresUPenalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is theDVERPAYMENT. Check box on Page 2 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is theTAX DUE A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is theBALANCE DUE Make Check Payable to: REGISTER OF WILLS, AGENT (3) (4) 128.85 (5) (5A) (56) - 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 .............................._., x 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? ................................. [ ................................................................................ x 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?........... ~ ~ ................................................................................ . 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 statutedoes not exemota 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 decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1 )]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)J. 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. Rev-1502 EX+ (6.88) SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAx RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER James, Harold J. 21-08-1007 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 compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which Is Jofntlyowned with right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 43 Linn Drive, Carlisle, Pennsylvania -Parcel ID 04-23-0600-190 110,000.00 More particularly bounded and described on the Deed recorded in the Cumberland County Office of the Recorder of Deeds in Deed Book 14-F, Page 382. TOTAL (Also enter on Line 1, Recapitulation) I 110 000 00 (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 A (Rev. 6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY tSIATE OF James, Harold J. LE NUMBER 21-08-1007 InGude the proceeds of litigation and the date the proceeds were received by the estate. All property Jolntlywwned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Social Security Check for July 2 UBS Fiduciary Trust Company -Interest 3 Ewing Brothers Funeral Home, Inc. -Refund for overpayment of funeral costs 4 Highmark Direct Pay Central Regional -Premium Refund 5 Highmark-Prescription Drug Plan -Premium Refund 6 M & T Bank -Account No. 420077 7 Medco Refund 8 Orrstown Bank -Account No. 106003246 Checking Account Accrued interest on Item 8 through date of death 9 Susquehanna Bank -Account #122021286 10 Susquehanna Bank - CD 352172377 Accrued interest on Item 10 through date of death Accrued interest on Item 10 through date of death 11 RiverSource Life Insurance Company -Annuity Contract #9920-3863921 12 Sovereign Bank IRA -Account #1678179829 Stated beneficiaries are deceased--payable to the estate. TOTAL (Also enter on Line 5, Recapitulation) VALUE AT DATE OF DEATH 910.00 31.51 1,133.29 94.44 59.00 2,753.74 1.19 7,373.37 0.52 90.06 5,501.62 0.01 7.13 75,031.58 1,424.33 94,411.79 (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 E (Rev. 6-98) REV•1151 EX~ (12.99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER James, Harold J. 21-08-1007 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s): Street Address CIS' State Zip Year(s) Commission paid 2. Attorney's Fees Saidis, Flower & Lindsay 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 10,150.00 4. Probate Fees 310.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 297.06 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 10,757.06 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER James, Harold J. 21-08-1007 ITEM NUMBER DESCRIPTION AMOUNT Other Administrative Costs 1 Cumberland County Register of Wills -Record Deed 39.50 2 Cumberland County Reporter -Estate Notice Advertisement 75.00 3 The Sentinel -Estate Notice Advertisement 182.56 H-B7 Subtotal 297.06 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+ (8.98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER James, Harold J. 21-08-1007 Include unrelmbursed medical expenses. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 CCS Financial Systems -Account #817079 Transport from November 2007 63.42 2 Cumberland-Goodwill FireRescue -Patient Number 421 WCS 48.00 3 Embarq 30.17 4 Millennium Pharmacy Systems East -Account No. STMH1334 634.07 5 Sarah A. Todd Memorial Home 11,327.15 TOTAL (Also enter on Line 10, Recapitulation) I 12 102 81 (If more space Is needed, addltlonal pages of the same size) ' Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) REV-1513 EX+ (9.00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF James, Harold J. NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] 1 Virginia G. Hurley 906 Alexander Spring Road Carlisle, PA 17013 FILE NUMBER 21-08-1007 RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE DECEDENT (Words) ($$$) Do Not Llst T-usteefsl Niece One hundred 181,551.92 percent (100%) of the residue. Total 181,551.92 Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet III NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET 0 00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) LAST WILL AND TESTAMENT OF HAROLD J. JAMES I, HAROLD J. JAMES, a legal resident of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory, and understanding, do hereby make, publish, and declare this as and for my Last Will and Testament, hereby revoking all other wills and codicils heretofore made by me. FIRST: I direct that all my just debts and funeral expenses, including my grave_ , marker, shall be paid from the assets of my estate as soon as practicable after my decease. - _, , . SECOND: I direct that all taxes that may be assessed in consequence of my~ death, of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary'_e~state as-: a part of the expense of the administration of my estate. - THIRD: I give, devise and bequeath the residue of my estate, of every riattr~ and ~"~ wherever situate, to my wife, Mildred H. James, provided she shall survive me by thirt3~ (30) -~ days. Should she fail to survive me by thirty (30) days, I devise and bequeath the residue to ~, Virginia G. Hurley. Should Virginia G. Hurley fail to survive me, I devise the residue to her issue, per stirpes. FOURTH: If at any time any minor shall be entitled to receive any share of my estate, I appoint Edward L. Hurley guardian of such share to receive, administer and have full authority to use such share, both principal and income, in any manor the guardian shall deem advisable for the best interest of the minor. FIFTH: I nominate, constitute and appoint my wife, Mildred H. James, Executrix, of this, my Last Will and Testament. In the event of the renunciation, death, resignation, or inabilit}~ to act for any reason whatsoever of the said Mildred H. James, I nominate, constitute, and appoint Virginia G. Hurley, Executrix, of this, my Last Will and 1~estament. I hereby relieve my Executrix or her successor from the necessity of posting security in connection with their duties as such in any jurisdiction in which they may be called upon to act, insofar as I am able by law so to do. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, consisting of three typewritten pages, each of which bears my initials, this f day of _- ..l.~~r,~=~ ~-i.~~f? 1999. ~..~~~`~~ ~~~-vim'--~" (SEAL) Harold J. James, Testator Signed, sealed, published, and declared by the above-named Testator, Harold J. ,lames, as and for his Last Will and Testament, in the presence of us, who, at his request, in his sight and presence, and in the sight and presence of each other, have hereunto subscribed our names as witnesses. ~..M~ ct ~ .~ O ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ) I, Harold J. James, 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; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to and acknowledged before me by Harold J. James, the Testator, this ~. day of f)-~ .J,~,~, }., ~~, 1999. G Testator, Harold J. ames . ;~ _., , _ ' ~ Notary Public Pty .~_ .. y~_~ rr nn~~f~ i b~:G iJr M 0 :v ? I~~A.a:. is ~AFtL7 Lti ~;~.° ~_ ..... . _.., :v f,~t~ f:~.. Fb, AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ) We, Edward L. Schorpp and ~~~~ „~ c~iv ~eE.-,~ ,the witnesses whose names 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 sign and execute the instrument as his Last ~diii; that Harold J. James signed wiiiiiigly and that he executed ii as iiis free and voluntary act for the purpose 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 or more years of age, of sound mind, and under no constraint or undue influence. Sworn or affirmed and subscribed to before me by Edward L. Schorpp and %~~~ '~ ' '~~'~~~~~ ,witnesses, this ~ ~±, day of !`J--'„~~.~.~, ~..:u,., 1999. ~ ~ (SEAL) V~Jitness, Edward L. Schorpp Witness ~,` ~',<,,1., ~' r ~,~~.~-, (SEAL) Notary Public ~~ r;o,~s~rsu.s~a~,t. Y<"..dl'?~~;>"tS.::is~,U,%,i.ir.'cr°.LFdLIs,Sdr:'i r,'; t'F ~:.,r.,.,..::.:.1'; ~t._...._~-.....e~;~~*S ~: ~r9-i~a Jr.i:.Y 2., T~C'=^_ TaxDB Result Details Detailed Results for Parce104-23-0600-190. in the 2004 Tax Assessment Database DistrictNo 04 Parcel ID 04-23-0600-190. MapSuftix HouseNo 43 Direction Street LINK DRIVE Ownerl JAMES, HAROLD J & MILDRED C/O PropType R PropDesc & HOLLY PIKE LivArea 1388 CurLandVal 30450 CurImpVal 72180 CurTotVal 102630 CurPretVal Acreage .41 CIGrnStat TaxEx 1 SaleAmt SaleMo SaleDa SaleCe SaleYr DeedBlcPage 0014F-00382 YearBlt 1948 HF File Date 03/02/2005 HF Approval_Status A httn://taxdb.ccna.net/details.asp?id=04-23-0600-190.&dbselect= l Yage 1 of I 2/27/2009 APPRAISAL OF REAL PROPERTY LOCATED AT: 43 Linn Drive Deed Book 14F Page 382 Carlisle, PA 17013 FOR: Jessica Hurley 43 Linn Drive, Carlisle, PA 17013 AS OF: July 1, 2008 BY: Susan B. Burkholder, RL-000659-L State Certified Residential Appraiser This appraisal was completed to establish value. Summary Appraisal Format Form GAt - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Re ort ie pur ose of this summa raisal re art is to provide the lender/client wish an accurate, and ode uatel su ortpetl, o inion of theFl arket0 valub oHthe subject prc arty. 'roperty Address 43 Linn Drive City Carlisle Stale Pq Zip Code 17013 Borrower n.a. Owner of Public Record James, Harold County Cumberland egal Description Deed Book 14F Pa a 382 ,ssessor's Parcel # 04-23-0600-190 Tax Year 2008 leighborhood Name n.e. R.E. Taxes $ 1 885.83 Map Reference 23-600 Census Tract 0124.00 Iccupant ^ Owner ^] Tenant ^ Vacanl Special Assessments $ 0.00 yoperty Righls Appraised ©Fee Sim le ^ PUD HOA $ n.a. ^ per year ^ per month P ^ Leasehold (~ Other ldesrnhel ~~~~~~~~~~~~~~ .,essica nurse Address 43 Linn Drive Carlisle, PA 17013 the subject property cunenby offered for sale or has it been offered for sale in the twelve months pdor to the effective date of this appraisal? leporf data source(s) used offering price(s), and date(s). The subject is not listed in the Central Penn MLS ^ Yes ~ No ^ did ^ did not analyze the contract far sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not erformed. ontract Pdce $ Date of ConUact Is the pro arty seller the owner of ublic record? ; there any financial assistance (loan charges, sale concessions, gift or tlownpayment assistance, etc. to be aid b an -Yes ^ No Data Sources Yes, report the total dollar amount and describe the items to be paid. ~ P Y y Party on behalf of the borrower? ^ Yes ^ No Iota: Race and the racial composition of the neighborhood are not apnraisal facrnrn Neighborhood Characteristics One-Unit Housin 'Trends One-Unit Housin Present Land Use °k ocation ^ Urban ^ Suburban ^ Ru l P ra re a Values ^ Increasin ®Stable ^ Deciinin PRICE AGE One-Unit 65 % wilt-U Over 75% ^ 25-15% ^ Under 25% DemandlSu ly ^ Shorta a ®In Balance ^ Over Su I $ 000 rs 2-4 Unit % rowth ^ R id ^Stable ^ Slow Markebn Time ^ Under 3 mths ®3-6 mths ^ Over 6 mths 85 Low New Mulg-Fa il i m e % hborhood Boundaries The sub act nei hborhood is bordered b Holl Pike Marsh Drive Rockled a 300 Hi h 100 C ommercial 20 % )rive and Willow Street. 150 Pred. 30 Other 15 % ei hborhootl Descri lion Established residential nei hborhood with stable ownershi atterns within reasonable commutin distance to schools :hurches sh i , o n and trans ortation. The small amount of commercial use has no adverse im act u on marketabilit of the home. larket Conditions includin su ort for the above conclusions Market conditions are avers a with ro ernes sellin within six to twelve months. ;onventional and insured fina i i nc n s readil available at reasonable rates and terms to ualified bu ers. Dimensions 90' x 200' A rea .41 acre Sha a Irre ular Vew Avers e ecitic Zonin Classification R-1 Reside ti l n a Zonin Desed don Existin use is ermitted in this zone. onin Com liance ®Le al ^ Le al Nonconiormin Grantlfathered Use ^ No Zoning ^ Ille al describe the hi hest and best use of subject rope as im roved or as roposed er Ions and s ecifications ilia resent use? ~ Yes ^ No If No, descdbe idlittes Public Other (describe) Public Other describe lectrici © ^ ( ) Off-sitelmprovemenis-T pe Public Private .as Water ~ ^ Street Macadam ~ ^ n.a. Sanita Sewer ® ^ Alle None ^ ~ EMA S ecial Flood Hazard Area Yes ~ No FEMA Flood Zone C FEMA M # 425382 0004 B FEMA Ma Date 2-3-82 re the utilitles and off-site im rovements ical far the market area? ^ Yes ^ No Ii No descdbe , re there an adverse site conditions or external factors easements, encroachments, environmental conditions, land uses etc ? ^ Yes ~ N If Y d , . o es, escdbe General Descri don ' 'f d ti Inits ^] One ^ One with Accesso Unit oun a on ^ Concrete Slab ^ Crawl S EzteriorDrscii bon' ` 'materiais7condition F Interior ' materiels/condition e of Stodes 1 e ~ Det ^ A ace 0 Full Basement ^ partial Basement oundation Walls Conc block/Av Exterfor Walls Aluminum/Av Floors Car eUGood Walls D all/A . tt. ^ S-Def./End Unit Existin ^ Pro osed ^ Under Consy Basement Area 1 076 s .ft. Basement Finish Roof Surface Shin les/Av v TnMFinish Wood/Av Iasi n S le Ranch -0- % ^ Outside En /Exit ^ Sum Pum Gutters 8 Downs outs Aluminum/Av Window T Bath Floor Vin I/Av 'ear Built 1948 tfective A e rs 2 Evidence of ^ Infestation e Thermo one/Good Storm Sash/Insulated Insulated/Good Bath Wainscot D ail/Av Car Stora a None g 5 ears '~c _ None ^ Dampness ^ Settlement Heatin [~ FWA ^ HWBB R di Screens Screens/Good __ ^ Ddvewa # of Cars Dro Stair ©Stairs a ant ^ Other Fuel Oil Amenities ^ Woodstove s # ®Fire laces # 1 ^ Fe Ddvewa Surface Macadam Floor ^ Scuttle Finished ^ H t d Coolin ~ Central Air Conditionin nce ^ Pabo/Deck ®Parch Covered ®Gara e # of Cars 2 ^ C ort # of Cars ea e appliances ^v,1 Refdaeratnr t~ Ranna/n„o„ ^ Individual ^ Other n n,..~,..-.~_. n ~:_____, ~ .. ^ Pool ^ Other ,-,._ ^ Att. ^ Det. ^ Built-in __ . _.........,,.,..,, ~.,.,,, Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report Flleyl 0718tl8H here are 0 com arable ro erties currently otleretl for sale in the subject neighborhood ranging in price from $ 0 to $ 0 here are 4 comparable sales In the suhlarr namnnnrnnnd w,fm~ rr,o „~~~ 6.,n1„a m ........ ......:__ :_ __~_ ____ .__ .. _ FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 ddress 43 Linn Drive 150 C Street 461 D Street 123 Garland Ddve Carlisle PA 170 13 Carlisle Carlisle Carlisle roximi tc Sub ect 1.77 miles 1.91 miles 0 16 miles ale Pdce ale Price/Gross Liv. Area $ $ s h $ 126 900 $ 132 ft $ 130,000 . $ 125,000 ata Sources . . .19 s . . $ 133.74 s .h. - $ 119.05 s .h. erificatlon Source s Courthouse Courthouse Courthouse 4LUE ADJUSTMENTS DESCRIPTION MLS DESCRIPTION + - $ Adjustment MLS DESCRIPTION + - $ Adjustment MLS DESCRIPTION + - $ Adjustment ales or Financing Closing cost -3,OD0 Closing cost -3,9D0 None known oncessions Conventional Conventional Conventional ate of SaleRme 4-17-08 12-14-07 11-9-07 acation Avera a Su erior -6,300 Su erior -6,500 Su erior -6 300 easehold/Fee Sim le Fee Sim le Fee Sim le Fee Sim le , Fee Sim le ite e 41 acre 17 acre +2,400 .22 acre + 1 900 .29 acre -1 200 w Avera a Similar Similar , Similar esi n S le Ranch Ranch Ranch Ranch uali of Constmction dual A e Alum sidin Asbestos Brick/Alum -3 OOD Brick/Vin I -3 000 ondition 60 ears 78 ears 54 ears , 53 ears Avera a Similar Similar Similar bove Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths nom Count ross Livin Area 5 2 1 5 2 1 6 3 1 -2 000 6 3 1 -2,000 1,076 s .ft. 960 s .tt. +2 300 972 s .ft. +2 100 1 050 ft asement & Finished F ll b t , s . . u sm Full bsmt Full bsmt Full burst ooms Below Grade None None Famil room -3 000 None ~nctionallJtili Avera a Similar Similar Si il eatin Conlin Fh Oil m ar ner Efficient It a Hot wtr Gas Fha Gas, CA -3,000 Fha Oil, CA -3,000 ems None None None None ara e!C ort orch/Patio/Deck 2-car ara a 2-car ara a 1-car car ort +3,000 1-car att ara a +2,000 3 orches Porch, deck +1,000 Prch, atio, dck Porch olio +1 000 Fire lace None +1,000 Fire lace Fire lace , etAdLstrnent otal ^ + ®- $ 2,600 ^ + ®- $ 14,400 ^ + 0 - $ 12 500 d , justed Sale Pdce Net Adj. 2.D % Net Adj. 11.1 Yo Net Adj 0 % 10 . . f Com arables Gross Ad. 12.6 % $ 124 300 Gross Ad'. 21.8 % $ 115,600 Gross Ad'. 14.8 % $ 112 500 did , . did not research the sale or transfer histo of the subject roe and com arable sales. It not, ex lain 1 research ^ ditl ®did not reveal an rior sales or transfers of the subject roe for the three ears rior to the effective date of this a sisal . ata Sources Assessment records 1 research ^did ©did not reveal an rior sales or transfers of the com arable sales tar the ear rior to the date of sale of the comparable sale . rata Sources Assessment records .e art the results of the research and anal sis of the rior sale or transfer hi sta of the subject ro erly and com arable sales re od additional rior s al 3 ITEM late of Prior Sale/Transfer SUBJECT COMPARABLE SALE #1 p COMPARABLE SALE #2 es on pa e . COMPARABLE SALE #3 'rice of Prior Sale/Transfer 5-16-03 $15 300 8-3-90 7.31-92 4-15-88 rata Sources , Counhouse $D Courthouse $73 000 Courthouse $67,500 ttective Date of Data Sources 7_pg Courthouse ,oalvsis of nrinr Gala nr fo„~r>~ tile..,, , „~ ~~,,..,.~.:__. _-___~. __~ __ 7-08 .. 7-08 7-08 _ _.. _.._ __... W,.,,,., ~W,,,, ,~u amc nna iarten lace m the ast three ears for the subiect ro ert rr the comparables in the past year. gales number 3 was completely remodeled after the November 2007 sale and was resold on 6-19-08 for Stsn Fnn lumma of Sales Com orison A roach A $2,000 er room ad ustment was made for the total number of rooms, $2,000 er bath and $1 000 er half rath. the subiect fronts S. Hanover Street which is a very busy street All of the sales are located on less traveled street and are considered to be in a :Una I ~ - rva~ urven me mast consrgerauon since this home was not updated at the time of the sales and is the nearest to me sl Inia~r ndicated Value by Sales Comparison Approach $ 113 000 ndreated Value by Sales Comparison Approach S 1 t 3,000 Cost A proach (if develo j $ n.a. Income Ap roach (if developed $ n.a. most antl Sales Comparison approaches have been considered and analyzed with the Sales Comparison approach being considered the most accurate rn arrivrng at my final opinion of value The Income approach was not considered since this is an owner occupied single family dwelling due to the subiect s aae the Cost Approach is considered to be unreliable Ihis appraisal is made ~ as is , C subiect to completion per plans and spectlicahons on The basis of a hypothetical condition that the improvements have been :ompleted, ^ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subjecttothe ollowing required inspection based on the extraordinary assumption that the condition or deliciency does not require alteration or repair Appraised In current conddion 3ased on a complete visual Inspection of the interior and exterior areas of the subject property defined scope of work, statement of assumptions and limiting ;onditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is S 113,ODD as of July 1 2008 which is the date of inspection and the effective date of this appraisal :ddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - ~~TOTAL for Windows" appraisal software by a la mode, inc. - 1-80D-ALAMODE unirorm t~esidential Appraisal Report File/1 071808H ;ee addendum. COST APPROACH TOVALUE (not r wired b Fannie Mae) 'rovide ode uate information for the lender/client to re licate the below cost fi ures and calculations. .u art for the o inion of site value summ of com arable land sales or other methods for estimatin site value .Land value of $37,134 was obtained from rssessment records. The Costa roach was considered to be unreliable since this is not new construction and due to the lack of land sales. iSTIMATED REPRODUCTION OR ~ REPLACEMENT COST NEW iource of cast data luau ratio from cost service Effective date of cost data :omments on Cost A roach toss livin area calculations, depreciation, etc. OPINION OF SITE VALUE.... _ __....--- _._.__ _... DWELLING Sq.Ft. @ $ S .Ft. @ $ _ _ ._ _$ _$ =g _$ Gara a/Carport S .Ft. @ $ Total Estimate of Cost-New ... _$ =$ .......... Less Ph sical Functional External De reciation =$ De reciated Cast of im rovements ...___... _....._ .. _ . __ ... _ .._ _$ "As-is" Value of Site Im rovements __.________._ _$ :stimated Remainin Economic Lite HUD and VA only 35 Years INDICATED VALUE BY COSTAPPROACH g INWMh APPROACH TO VALUE stimated Monthly Market Rent $ X Gross Rent Multi tier iummary of Income Approach (including support for market rent and GRM) PROJECT INFORMATION F s the developerNuilder in contol of the Homeowners' Association (HOA)v ^ Yes Nr 'rovide the following informahon for PUDs ONLY if the developer/builder is in control of the HOl _egal Name of Project total number of phases Total number of units total number of units rented Total number of units for sale Vyas the project created by the conversion of existin building(s) into a PUDv ~] Yes Does th not required by Fannie Mae) _ $ Indicated Value by Income R PUDs (it applicable) Umttype(s) Detached ^ Attached end the subject property is an attached dwelling unit Total number of units sold Data source(s) No If Yes, date of conversion. _ e protect contain any mulh-dwelhnp units? n Yes n No Data Source Are the unds common elements, and recreauon faahhes complete? [~ Yes (~ No If No descnbe the status of completion Are the common elements leased to or by the Homeowners' Association? ^ Yes [~ No If Yes, describe the rental terms and options Describe common elements and recreational facilities eddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2D05 Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-DDD-ALAMODE Uniform Residential raisal Re ort __ P FileX 071808H -his report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; ncluding a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. -his appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended ase, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may :xpand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal issignrnent. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do sot constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's :ontinuing education or membership in an appraisal organization, are permitted. iCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the eporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual nspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the :omparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. NTENDED USE: The intended use of this appraisal report is for the lender client to evaluate the property that is the ;object of this appraisal for a mortgage finance transaction. NTENDED USER: The intended user of this appraisal report is the lender/client. )EFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sate, the buyer and seller, each acting prudently, knowledgeably and assuming he price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and he passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both sorties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a easonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms rf financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. `Adjustments to the comparables must 6e made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are eadily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing rdjustrnents can be made to the comparable properly by comparisons to financing terms offered by a third party institutional ender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical loflar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's eaction to the financing or concessions based on the appraiser's judgment. iTATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: I. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title o it, except for information that he or she became aware of during the research involved in performing this appraisal. The rppraiser assumes that the title is good and marketable and will not render any opinions about the title. ?. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. fhe sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an dentified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or mplied, regarding this determination. t. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, mless specific arrangements to do so have been made beforehand, or as otherwise required by law. i. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the aresence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal eport, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the properly (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such :onditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such :odditions that du exist or for any engineering or testing that might be required to discover whether such conditions exist. 3ecause the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as sn environmental assessment of the property. 3. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory ;ompletion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will ~e performed in a professional manner. :ddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 20D5 Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-B00-ALAMODE Uniform Residential raisal Report Filet! 071808H APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in :his appraisal report. ?. I pertormed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition ~f the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the ivability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal 'ractice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in dace at the time this appraisal report was prepared. 1. I developed my opinion of the market value of the real property that is the subject of this report based on the sales :omparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach or this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop hem, unless otherwise indicated in this report. i. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for ;ale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject xoperty for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. i. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior o the date of sale of the comparable sale, unless otherwise indicated in this report. ~. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 3. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that ias been built or will be built on the land. 3. I have reported adjustrnents to the comparable sales that reflect the market's reaction to the differences between the subject xoperty and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in he sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from eliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I gave noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these edverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which ere subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis andlor opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks pertormed in 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 this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. :tltlie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1 DO4 March 2005 Form 1004 - "TDTAL far Windows" appraisal soKware by a la mode, inc. -1-800-AIAMODE Uniform Residential sisal Report File!{ 071808H '1. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the rorrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, fgency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to rbtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal eport may be disclosed or distributed tc any other party (including, but not limited to, the public through advertising, public elations, news, sales, or other media). '2. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain aws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice hat pertain to disclosure or distribution by me. ?3. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage nsurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part ff any mortgage finance transaction that involves any one or more of these parties. '.4. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are lefined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this rppraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and slid as ii a paper version of this appraisal report were delivered containing my original hand written signature. '.5. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or :riminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States ;ode, Section 1001, et seq., or similar state laws. iUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's rnalysis, opinions, statements, conclusions, and the appraiser's certification. '. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the fppraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. t. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and rromulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal eport was prepared. i. tf this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are lefined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this fppraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and slid as if a paper version of this appraisal report were delivered containing my original hand written signature. PPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) gnature Q , ame Susan~B.Burkhol r ompany Name Diversified Appraisal Services ompany Address 35 E. Hiah Street Suife 101 Carlisle PA 7013 elephone Number 717-249-2758 rail Address sue.burkholderi~omail com ate of Signature and Report July 18 2008 ffective Date of Appraisal July 1 2008 fate Certification # RL-000659-L State License # Other (describe) State # Late PA xpiration Date of Certification or License June 30, 2009 DDRESS OF PROPERTY APPRAISED :arlisle, PA 17013 PPRAISED VALUE OF SUBJECT PROPERTY $ 113,000 ENDER/CLIENT ame ompany Name Jessica Hurlev ompany Address 43 Linn Drive, Carlisle PA 17013 mail Address Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection :odie Mac Form 70 March 2005 Page 6 of 6 Form 1004 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Fannie Mae Form 1004 March 2005 Uniform Residential Aparaisal Renort LiI..N l171 Ohou ttA f URE SUBJECT tldress 43 Linn Drive Carlisle, PA 17013 COMPARABLE SALE # 4 20 Valley Street Carlisle COMPARABLE SALE # 5 COMPARABLE SALE # 6 roximi to Subect 1.67 miles ale Price ale Price/Gross Liv. Area ata Sources $ $ s .tt $ 118,000 . $ 142.86 sq.tt. Courthouse $ $ s .ft $ $ s .tt. erification Sources MLS 4LUE ADJUSTMENTS ales or financing oncessions DESCRIPTION DESCRIPTION None known Conventional + - $ Adjustment DESCRIPTION + - $ Adjustment DESCRIPTION + - $ Adjustment ate of Sale/hme 11-30-07 ocalion Avera a Su erior -5 900 easehold/Fee Sim le iFee Sim le Fee Sim le ire '.41 acre 25 acre +1,600 ew Avera a Similar esi n S le Ranch Ranch uali of Construction Alum sidin Alum sidin ctual A e 60 ears 53 ears ontlition Avera a Similar bove Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms . Baths Total Bdrms. Baths oam Count 5 2 1 4 2 1 +2 000 ross Livin Area asement & Finished ooms Below Grade 1,076 s .tt. Full bsmt None 826 s .tt. Full bsmt None +5,000 s .tt. s .tt. unctional Utili Avera a Similar eatin Coolin Fha Oil Fha Oil, CA -3,000 ner Efficient Items None None ara e/C ort 2-car ara a 1-car ara a +2 ODO orch/Pato/Deck 3 orches Porch, atio +1,000 Fire lace None +1,000 etAdjustrnent oral ~ + ^ - $ 3,700 ^ + ^ - $ [~ + ~ _ $ djusled Sale Price Net 3.1 % Net % Net % 1Comparables Gross 18.2 % $ 121,70D Gross % $ Gross % $ .e ort the results of the research and anal sis of the rior sale or transfer histo of the subject ro erty and com arable sales report atltliticnal prior sales on pa e 3 . ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 late of Prior Sale/Transfer 5-16-03 Last transferred on rice of PriorSale/Transfer $15,300 DB 19B 554 rata Sources Courthouse Courthouse ffective Date of Data Sources .nalvsic nt ndnr c~io ,,, r.~~~r.,. ~.:..~,... 7-08 . ,.~ .~_ __~:_ _. _ _ _ _ 7_pg .. Form 1004.jAC) - "TOTAL for Windows" appraisal software by a la made, inc. - 1-800-ALAMODE -~~~~ ~.~o~ ~ ~~n~ ~~ rvimcn ~uuo Fannie Mae Form 1004 March 2005 _ _ auourr_rnr_m;~. u ............... _ - - - - nro nu. ui iovon Dorrower'Client n.a. __ _ ProoerlvArldress 43 Linn Drive __ -- Cifv Carlisle _ Counlv Cumberland State PA Zin Code 17013 Lender Jessica Hurle Additional Comments The subject is older than five years old. All mechanical systems including heating, electrical and plumbing systems appear to be in working order. No warranties are implied in this statement. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of values of properties in the area and superior quality of the subject property. This condition does not affect the market value of the subject or its future marketability. One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's area, none have sold recently, therefore, sales in excess of six months old have to be used. All three comparables used were the best available. Net adjustments exceed 15% for one or more of the comparable sales. Although there are other similar homes in the area, none have sold recently. The sales used are the best available. The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use and the consideration of all three approaches to value and the application of those relevant to the valuation of the subject property. This report has been electronically prepared and transmitted in compliance with USPAP guidelines which includes verification of the complete transfer and delivery, digitally protected signatures and adequate security measures in place to protect data transmitted by appraiser. Privacy Notice Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisal, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insure the security and integrity of your information. Form TADD - "TOTAL for Windows" appraisal software by a la mode, inc. -1-80D-ALAMODE Subject Photos BorrowerlClient n.a. Prc a Address 43 Linn Drive _ Ci Carlisle County Cumberland State PA Zip Code 17013 Lender Jessica Hurle ,l Subject Front 43 Linn Drive Subject Rear Subject Street farm PICPIX.TR - "TDTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page Borrower Client n.a. Pro a Address 43 Linn Drive Citv Carlisle Coun Cumberland State PA Zi Code 17013 Lender Jessica Hurle Comparable 150 C Street Comparable 2 461 D Street Comparable 3 123 Garland Drive Form PICPIX.BR - ^TOTAL far Windows' appraisal software by a la mode, inc. -1-800-ALAMODE Comparable Photo Page Borrower Client n.a. _ __ ProperNAddress 43 Linn Drive Ci Carlisle _ Coun Cumberland State PA Zi Cotle 17013 Lender Jessica Hurle Comparable 4 20 Valley Street Comparable 5 Comparable 6 Form PICPIX.BR - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map Bonower Client n.a. Pra a Address 43 Linn Drive _ Ci Carlisle Count Cumberland State PA Zi Code 17013 Lender Jessica Hurle '~~ 's; ~~! l; ego snaner ~J MapPolnY ^. h~ ~R _ ~- r I g~ _ - ' '. K yt I y 3r -' - Eby ~ '~ ~ ~, `t'om ~~a Fie ~,~`~ 0 I ~ SI ~_ '~o; li ~ 11 ~y - ~Q, I $nBBCX D5 I, I dp~ C ~' ~ c1, ~`w _ !Cy ~y-I ~l Y - L .. 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Form MAP.LOC - "TOTAL for Windows" appraisal software by a la mode, inc. - i-800-ALAMODE Building Sketch (Page - 1) BorrowerlClien( n.a, ProperNAddress 43 Linn Drive CiN Carlisle Coun Cumberland State PA Zi Code 17013 Lender Jessica Hurle 14.00' 10.00' 10.00' 22.00' gdrm Dining Kitchen I Bath Room 26.00' 26.00' Living Bdrm Room 36.00' Al SKETCH CALCULATIONS ~- A1:14.Ox 10.0= 140.0 A2 : 36.0 x 26.0 = 936.0 First Floor 1076.0 Total Living Area 1076.0 Form SKT.OIdSkI - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Location Map Borrower Client n.a, Pro a Address 43 Linn Drive City Carlisle County Cumberland State PA Zio Code 17013 Lender Jessica Hurle Form MAP.LOC - "TOTAL for Windows" appraisal software by a la mode, inc. - 7-800-ALAMODE uiveismeu r~ppraisai cervices 3:i E High Street, Suite 101 Carlisle, PA 17013 Phone: (717) 249-2758 Fax: (717) 258-4701 Tax ID Number 206-36-6731 INVOICE DATE REFERENCE 071808H July 18, 2008 T0: Jessica Hurley DESCRIPTION AMOUNT 43 Linn Drive Carlisle, PA 17013 $325 on 7-1-08 SUBTOTAL Rate % ADJUSTMENT SUBTOTAL Rate % ADJUSTMENT SUBTOTAL TOTAL $ Diuersitied Appraisal Services Form 02NIN - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Q n~81~' Bank ,~ r ~ ; ~ ~. 499 Mitchell IluaJ- Millsboru. DL' I99GG Mail Code Dli-MIS-12 I'hune (tIBK) 502113A9 Paz (302) J34-2955 Uclnbcr 16. 2008 Law Offices Saidis, Flower & Lindsay 2109 Market Street Camp Hill, Pennsylvania 17011 Ile: L'.rlcrle of: l~m•nld J James Social Secur•ily: 174-OJ-290 Dale o~~Decdh: Atr~usl ]3, 2008 Dear Sir or Madam: F er your inquiry dated October 14, 2005, pl ease be advised that a[ the time of death, the above-named decedent had on deposit with this bank the following: I . Tj/~e gJAccom7l Checking Account Accornv NwuGer 420077 Ouniership (Names o~ HuroldJJcunes* A4ildrec/ Heis/vnnn Janres* Opening Dare 9/1/67 Bcr/unce on Dcue ofDecrlh .~ 2,73-74 fl ccrrred bneresl S 0.00 Tatcrl S ?, 753.74 Please be advised, there was no safe deposit box found for the above decedent -f upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or name of ant' possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., please contact our High Street Carlisle Office# 717-240-4536. Sincerely, _/ l/~ Tracie Hare Kecords Management v ~ , . 1 E; 7r11s ORRSTOWN B~ A Tradition of Excellence October 14. 2008 To: Saidis, Plower and Lindsay 2109 Market Street Camp 1-Till Pa 17011 Prom: Traci Yobe Orrstown Bank Customer Service Center PO BOX 250 Shippensburg, Pa 17257 Re: I/state of Harold .T James Date of death August 13, 2008 IT LS HERERB3' CERTIFIED THAT THE ABOVE NAMED DEC'EDF_NT, Off' THE ABODE DATE, HAD THE FOLLOT~T~ING ACCOUNTS GI'ITH ORRSTOi~i'A~ BANK: CHECKING ACCOUNT Account # Title of Account 106003246 Harold J ,Tames SA VIA~GS ACCOUNT Account # Title of Account CERTIFICATE OF DEPOSIT Account # Title of Account Date opened Principal Accrued Interest 1/30/04 7,373.37 0.52 Date opened Principal Accrued Interest Date Opened Principal Accrued Interest P.O. Box 250 •Shippensburg, PA 17257 • 717.530.3530 • 717.532.4143 fax `~"'``' Susquehanna October 20, 2008 Karen Riccardo Saidis Flower & Lindsay 2109 Market ST Camp Hill, PA 17011 Susquehanna Bank 26 North Cedar Street P.O. Box 1000 Litilz, PA 17543-7000 Toll free 800.311.3182 ItiC: Harold J. James Jr. Estate SS#:: 174-OS-2905 DOD: August l3, 2008 To Whom It May Concern: In response to your letter of October 13, 2008, here is the of August 13, 2008. Account #1 • Account Title: Harold J James Jr • Account Type/# Ckg/122021286 • Date Opened /Maturity Date: 3/25/06 above customer account information as Account #2 Harold J James Jr CD/352172377 3/25/06 / 3/25/09 • Interest Rate: .10% 2.52% • Account Balance*: 90.06 5,501.62 • Accrued Interest: .O1 7.13 • YTD Interest: .12 117.91 *Account balance does not include accrued interest. Viriginia G. Hurley was added as POA to the above accounts on 3/27/06. There is no safe deposit box in the name of this decedent. If I can be of further assistance, please feel free to call. Sincerely, J et M. Peters Support Services Supervisor 1-717-625-6295 JMP/ljr RiverSource RiverSource Life Insurance Company 829 Arneriprisc Financial Center Minneapolis, MN 55474 Annuity Statement RiverSources" Preferred Annuity Ownership Information Contract/Certificate Information Harold J James Contract/Certificate Number: 9920-3863921 Mildred H James Total payments: $40,000.00 43 Linn Dr Issue date: 08/24/1994 Carlisle, PA 17013-4245 Annuitant: Harold J James Payment Type: Non-Qualified Statement Period 08/25/2007 to 08/24/2008 Summary of Activity Beginning Annuity Value 08/24/2007: $72,494.28 Plus additional payments: 0.00 Plus interest earned: 2,537.30 Minus withdrawals: 0.00 Ending Annuity Value 08/24/2008: $75,031.58 Current Withdrawal Value 08/24/2008: $75,031.58 Reflects annuity value Tess any withdrawal charges. Transactions During Statement Period Date Transaction Amount No transactions in this statement period. ~' ~ , I ! I '` lCi _ ]~ _ A i, ,. I'918NPOV.101 Nb! 9920-7863921 Sovereign Bank ESTATE OP' Harold .I James SOCIAL SECURITY #: 174-OS-2905 DATE OI' DEA'I'fl: August 13, 2008 Account #: 1078179829 Type: IRA Open date: 3/28/1988 In the name of: Harold J James Date o1' Death Balance: $1,405.] 6 Int.(YTD) from 7/l /2008 to 3/28/2008 $27.SS Accrued interest to date of death: $19. ] 7 Other Info: Beneficiary: Primary: C Mildred James (wife)Contigent: Glenn F Godlove(nepheu I~sl' ~ -- •- _. ~. Page 1 of 1