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HomeMy WebLinkAbout05-28-09~~~~~, ~~ IN RE: THE ESTATE OF RALPH E. RENDE, Deceased IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA Estate No: 2008-00680 n G ~ ~ ` is PETITION TO ~ r~ ~ rv '_' `Y' PERMIT PURCHASE OF REAL ESTATE ,:TU}~ `'=" ~' ....j BY PERSONAL REPRESENTATIVE ~~~ ~~"> ~'~' ~-- o ~~ ~ , _. ~ , THE PETITION of Ralph A. Rende, Executor of the Estate of Ralph E _~, _ . Rende, seeknhg Court approval of a certain Agreement and Addendum to Purchase Real Estate, represents the following: 1. Petitioner is Ralph A. Rende, an adult individual residing at 2 York Road, New Cumberland, Pennsylvania, 17070. 2. On June 1, 2008, Ralph E. Rende, a resident of 2 Stephen Road, Camp HiA, Pennsylvania 17011, died testate. 3. A Last Will and Testament dated October 20, 2003 was admitted to probate as the Last Will of Ralph E. Rende (hereinafter referred to as "Decedent") of East Pennsboro Township, Cumberland County, Pennsylvania and Letters Testamentary were granted to Ralph A. Rende (hereinafter referred to as "Petitioner") who duly qualified as the Executor of his father's estate. 1 4. !n addition to the Petitioner, there are two (2) other heirs, Christina M. Fink, daughter of Decedent and Mark Rende, son of the Decedent. A copy of the Decedent's Last Will and Testament is attached hereto and made a part hereof as Exhibit 1. A copy of the Grant of Letters is attached hereto and made a part hereof as Exhibit 2 . 5. A significant portion of the assets of the Decedent includes his residential property located at 2 Stephen Road. Petitioner in the performance of his duties engaged the services of an appraiser to have the property appraised. A copy of the Appraisal for the property is attached hereto as Exhibit 3 showing a value, in the appraiser's opinion, of One Hundred Fifty-Eight Thousand Dollars ($158,000.00). A copy of the Deed dated March 31, 1983 from the Decedent and his wife to the Decedent alone (Deed Book C, page 736, is attached as Exhibit 4. 6. Petitioner proposed to buy the property for the appraised price and entered into an Agreement of Sale to do so. A copy of the Agreement of Sale is attached as Exhibit 5. 7. Petitioner, subsequent to the date of the Agreement of Sale, signed a Home Inspection Agreement to inspect the property. A copy of the Home Inspection Agreement is attached hereto and made a part hereof as Exhibit 6. 8. The Home Inspection result revealed that the roof over the house was near the end of its life span, showed weathering and aging, evidence of prior patching and repairs, and general deterioration including cracking. The exterior inspection showed that the walkway in 2 front of the house had buckled and raised and had deteriorated with cracks. Finally, the first floor showed that water had leaked around a toilet causing the floor to be soft and damaged, aging air-conditioner and furnace. Repairs were recommended. 9. Petitioner obtained verbal quotes regarding the cost to make the repairs which were in excess of Fifteen Thousand Dollars ($15,000.00). 10. Petitioner, therefore, proposed to reduce his offer by the sum of Thirteen Thousand Dollars ($13,000.00) and entered into an Addendum, a copy of which is attached hereto and made a part hereof as Exhibit 7. 11, Under the provisions of the Last Will and Testament of the Decedent, no specific bequest has been made of the real estate in question. 12. In light of the condition of a declining real estate market in general, the cost and delay in exposing the property for sale through a licensed realtor, and the on-going cost to the Estate of maintaining the property, it is believed and averred that the price, as amended, is full and reasonable. In re Frank's Estate, 62 D&C 2d 46 (Chester, 1973); In re Brodoski's Estate, 16 Fiduciary Reporter 506 (Montgomery, 1760). 13. As required by Rule 12.10 of the Orphan's Court Rules, affidavits of two (2) competent persons setting forth that they have inspected the real property to be sold, having familiarity with the value of real estate in the locality of the property, having no personal 3 interest in the property or sale of the property and expressing conclusion that the price offered is more than could be obtained at public sale after deduction of commission and expenses of said public sale after deduction of commissions and expenses of said public sale are attached hereto as Exhibit 8 and 9. 14. It is believed and averred thatthisCourt has jurisdiction overthis matter pursuant to the provisions of the Probate, Estate & Fiduciaries Code, 20 Pa.C.S.A. §3311, providing the that Orphan's Court Division has exclusive jurisdiction as to real property proposed for sale by a fiduciary. 15. Because of the heightened duty to provide notice involving a purchase of property by an executor and the consequences of failing to provide proper notice (Miller v. Hawkins, 205 A.2d 429 (Pa., 1964), Petitioner seeks Court approval to purchase the said property in the sum of One Hundred Forty-Five Thousand Dollars ($145,000.00) and is prepared to close upon property in accordance with the provisions of the attached Addendum, Exhibit 6 within thirty-five (35) days after a Final Decree of this Court is entered approving the sale and no appeal is taken. 4 WHEREFORE, Petitioner respectfully requeststhatthe Court issue its Decree, directed to the two (2) remaining heirs of the Estate to show cause, if any, why the property should not be sold to the Executor for the price indicated and establishing a date certain for a hearing in this matter. Respectfully submitted, KNUPP LAW OFFICES, LLC Robert L. Kn p PO Box 630 407 North Front Street Harrisburg, PA 17108 (717/238-7151); FAX (717)238-7910 robert. knupp~verizon. net Attorney for the Estate of Ralph E. Rende 5 VERIFICATION I, Ralph A. Rende, Executor to the Estate of Ralph E. Rende, verify and state that the facts set forth in the within document are true and correct to the best of my knowledge, information and belief. I submit this Verification pursuant to 18 Pa.C.S.A. §4904 dealing with false statements and relating to unsworn verification to authorities. ~jC C V~C~ ~' Ralph .Rende, Executor Estate of Ralph E. Rende DATE: ~ ?~'7 ~ ~ 6 LAST WILL AND TESTAMENT 4F RALPH E. RENDE I, RALPH E. RENDE, of Towaship of East Pennsboro, Cumberland County, Peiutsylvauia, being of sound and disposing mind, hereby make, publish and declare this my Last Will and Testament, hereby revoking and making void a!! prior Wills and other testamentary writings at any time heretofore made by me. I. I direct my Executrix or successor Executor, hereinafter named, to pay all of my just debts, funeral and testamentary expenses as soon as conveniently can be done after my demise. II. I give, devise and bequeath my entire estate of whatsoever kind and wheresoever situate, unto my dearly beloved children, RALPH A. RENDE, CHRISTINA M. FINK and MARK RENDE, share and share alike, per stirpes. III. Should there be any property of whatsoever kind and wheresoever situate of which I have the right to dispose at the time of my death, including but not limited to any special or general power of appointment or both, I hereby appoint the same to my legatees set forth in Paragraph II hereof. IV. I nominate, constitute and appoint RALPH A. RENDE as Executor of this, my Last Will and Testament and further direct that he shall serve without bond. 1 V. If the said RALPH A. RENDE is for any reason unable or unwilling to serve as Executor of this, my Last Will and Testament, then I nominate, constitute and appoint CHRISTINA M. FINK, as successor Executrix. She, too, shall serve without bond. VI. Said Executor or successor Executrix shall have the power to discharge all the debts, liens and encumbrances upon my estate, as well as any taxes thereon, to pay for the cost of the final disposition of my remains and final illness, if any, to receive any and all commissions and other compensation for services rendered by me during ray lifetime and to perform any and all fiduciary duties authorized by statute. Further, I direct my Executor or successor Executrix to preserve my estate and any instructions pertaining to the distribution of the same from any attachment or anticipation while in the hands of my said personal representative, it being my express intent that all legacies shall be free from any attachment or anticipation while in the hands of the accountant for my estate. IN WITNESS WHEREOF, I have to this, ray Last Will and Testament, typewritten on two -N- (2) pages of paper, set my hand and seal at the end thereof thisday of , 2003. (SEAL) RALPH . RENDS SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, as and for his Last Will and Testament in the presence of us who, at his request, in his presence and in the presence of each other, all being present at the a time, have hereunto set our hands as witnesses. (SEAL) L/ 1 ' (~]ILQ~ ~• ~c G~ ~---._-~ (SEAL) 2 COMMONWEALTH OF PENNSYLVANIA :SS: COUNTY OF *: ~j~. rn b -fr ~ (,,ir..d I, RALPH E. RENDE, Testator whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. PH . RENDE Sworn to and subscribed before me this _~ ~ day of V ~ b'Q'` , 2003. /'"' ~ ~~-~"`~ (SEAL) No Public My mmission Expires: Not:-~rial ~ ~N Olga H. Knaub, Notary Public ply CJ! Harrisburg, Cauphin Cc;unty My Commis.;ion Ex~;res Cit. 23, 2006 Iulornber, Pennsylvania association CA PkRai~ COMMONWEALTH OF PENNSYLVANIA C~ ~ h-u-l.~ :SS: COUNTY OF ~~ ~' ~ ~ ~ ~~ ~ ~- ~ a~fsl~~ t=- ~-tat. ~-e~.,rt 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 RALPH E. RENDE, Testator, sign and execute the instrument as his Last Will and Testament; that he signed 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 witness, and that to the best of our knowledge, the Testator was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. ~,~ T~ ~ Sworn~to` and subscribedJ'b~efore me this ~`,tfi day of y f--~ ~~ , 2003. `~'~- ~' ~ (SEAL) No Public Not2n'al Sri! My ommission Expires: ~ ~~ Knaub, Ncsary Pt,~ ply of Hartisburg, Daupl-;r; Carsy .L_ y~!on Ems G:L 23.2C'~ ~ vv~~~u~~~bMtVV VVVIV 1 i PENNSYLVANIA ~ ~^ \]i1M1V 1 VI' LC 1 1 GI1J U No . 2008- 00680 PA No . 21- 08- 0680 Estate Of : RALPH E RENDS !First, Middle, Lastl Late Of : EAST PENNSBORO TOWNSHIP CUMBERLAND COUNTY Deceased Social Security No: 179-30-3484 WHEREAS, on the 25th day of June 2008 an instrument dated October 20th 2003 was admitted to probate as the Last will of RALPH E RENDS (First, Middle, Lastl Late of EAST PENNSBORO TOWNSHIP, CUMBERLAND County, who died on the 1st day of June 2008 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, GLENDA EARNER STRASBAUGH Register of Wi11s in and for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to: RALPH A RENDS who has duly qualified as EXECUTOR(R/Xl and has agreed to administer the estate according to law, all of which fully appears of record in my office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYL VANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my office on the 25th day of June 2008. **NOTE** ALL NAMES ABOVE APPEAR (FIRST, MIDDLE, LAST) i5~,o~ ESTATE OF RALPH RENDE 217011 2 STEPHEN RD. CAMP HILL CUMBERLAND PA 17011-1155 ESTATE OF RALPH RENDE . ~ ::i.......................... .................................... ~ b~ect Photos .......................................................................................... Su ........................... ......................................................... .................................... 7 Additlonal Subject Photos .......................................................................... .................................................................................... .................................... 8 Comparable Photos 1-3 ............................................................................ .................................................................................... .................................... 9 USPAP kkHttlficaWn ................................................................................. ..........................................................:......................... .................................... 10 Murti-Pu~WseSuppkxnentaalAddendum ................................................... .................................................................................... .................................... it Building Sketch .......................................................................................... ..........................................................:......................... .................................... 13 Lacatlon Map ............................................................................................. .................................................................................... .................................... 14 Appraiser's Certificate ................................................................................ ..........................................................~......................... . .................................... 15 Invaice ...................................................................................................... :......................... .......................................................... .................................... 16 EXHIBIT famTOCP- F de, inc. -1-gw-ALAMODE Michael R Ent (717) 730-3010 217011 l Inifnrm Residential Aonraisal RBD01't Flrs 2,70„ The of this summa a to the lendalcherd with an accurate, and a ate su , o ' ion d tire marlc~ vaNat of the su ' Address 2 STEPHEN R C' CAMP HILL State PA Code 17011-1155 Bonower ESTATE OF RENDE Owner d Public Recall ESTATE OF RALPH. RENDE Cou CUMBERLAND L Descd ' DEED BOOK 30C' PAGE 736 Assessors Parcel # 09-17-1042-117 Tax Year 2008 RE. Taxes S 1 750.00 hbofiood Name RIDLEY PARK M Reference 09-17- ~ 042-117 Census Tract 0102.0213240 nt Owns Tenant Vacant S ial Assessmsds S 0 PUD HOA S r r madh R A ised fbe Sf a Leasehold Otha describe T Pachase Trensectlen Refinance Transaction Otlrer describe DETERMINE MARKET VALUE FOR THE ESTATE. Lerds/Ctient ESTATE OF RALPH RENDE Address 2 STEPHEN RD. CAMP HI ' PA 77011 h the su ' t curro offered fa sale a has ti been dfaed for sale in the twelve montirs ' r to the effective dab d this 'sal? Yes No R data sources used off sand dates . CENTRAL PENN MLS. I ^ till ^ till nd analyze the twntract fa sale fa the subject purchase transaction. Explain the rosutis d the analysis d the contract fa sob a why tlro anaysis was nd ormed. Caitract Price S Oats d Contract Is the seller the owner d tile: fecal? i Yes No Data Source s Is there airy fmanciai assistance (Ioar1 charges, sale concessions, giR a downpayment assistance, etc.) to be paid by arty IIartY on behaM d the borrows? ^ Yes ^ No ti Yes the total dollar amount and descrbe the Items to be d. Nob: Rea and the rardal of tla ere not hcEoa. Location lhban Suburban Rural Ventres Increa Stabb Dx~ PRICE AGE One-Unft 60 % Bunk- Ovs 75% 25.75% lkrrls 25% DsrranQlSu Sh N Balance OvsSu i 000 2-4 Ihtft 5 % Growlh R 'd Stable Slow Marketin Tkrre Under 3 mlhs 3.6 mths OverB mlhs ti0 Low 10 MuAi-tam 10 % N bahaM Boundaries ROUTE 944 TO THE NORTH THE SUSQUEHANNA RIVER TO THE T 350 100 Commercial 15 % ROUTE 581 TO THE SOUTH & W EST. Ne' bahood Desc ' ~ SUBURBAN AREA W ITFf AVERAGE ACCESS TO SCHOOLS SHOPP G RE SUBJECT NEIGHBORHOOD IS WITHIN 20 MINS. DRIVING TIME OF THE MAJOR JOB MARKET OF 175 Pred. 30-60 Otirer VC.10 % CREATION AND F~APLOYMENT. HARRISBURG THE STATE CAPITAL. Maket Conditions Inc su fa the above conclusions THE CENTRAL PENNSriVANIA HOUSt G MARKET CONDITIONS REMAIN G D DUE IN PART TO THE STATE CAPITAL COMPLEX AND SUPPORTING AGENCIES 8 BUSINESSES PROVIOIN PLE EMPLOYMENT. VALUES ARE INCREASING. AVERAGE MARKETING TIME CURRENTLY 60-120 DAYS. SEE DITIONAL COMMENTS PG. 3 Dimensions 0.17 ACRE Ama 0.17 ACRE Sha EdTANGLE MJL View AVERAGE S ific Zon' Classification R-1 Zadn Desc' RESIDENTIAL SINGLE AMILY Zan C ce L I L I Noncadamin Grandfathered Use No Zonin I describe N the ' and best use d su as a as sell r ns ands iticetlons tiro !use? Yes No ti No, describe IltlAtla Prrbae OMs deeer~s) Pubae Otirs(daeribe) - PuMb Prhete Ebchic Wets MACADAM Gas San Sews N/A FEMA ial flood Hazard Area Yes No FEA1A Flood Zone C fEMA d 42035900036 fEMA Ma Date 4!15/1977 Aro tiro utilities and oh-site i fa tlro market sea? Yes No ti No describe Aro thse a adverse site ca~tlons a external factors easanads, encroachments envlronmenW conditions land uses . ? Yes No ti Yes describe NONE NOTED DURING INSPECTION. APPRAISER IS NOT FJ(PERT IN ENVIRONMENTAL MA RS. Units One One wtih Access Unit Cancrote Slab Crawl S a Foundation Wags BLOGK/AVERAGE Fbars HW/CPTlC.T./AVG #E d Storms 1 FuN Basement Partial Basement Exterior Wags BRICK/ VINYUAVG Watts DRYWUPANUAVG T Det. Att. SAethnd Unit Basement Area 820 s .it Rod Surtace FIBEIR GL.SHIWAVG TrirrVFmish WD/PAINTED/AVG Existin sell Unrbr Conat Basemerd finish 0 % Gallas S Downs outs ALU INUMlAVG Bath floor C.T./CPT/AVG Des' a RANCH Outside /Exit Sum Window T VIN.OBL.HG./AVG Bath Wainscot FB.GLS/AVG Year Buih 1960 Evince d Intestation Sbrm SashAnsuleted DOU LE PANE Car Norm Eflective rs 20 Dam ass Settlemerd Scroens YES ~ Drlvew ~ d Cars 3 Attic Nate Heatln FWA HWBB Radiant Amenities Woods6mro s # Drlvew Surface ASPHALT Oro Stork Stairs Olhs Fuel GAS ce s 8 RR.YARD G # d Cars floe Scuttle Carlin Cancel Air Conditioni PatiaVDeck Porch ENCLOSD C #t of Cars Finished Heated Individual Otlrs Pod er Att. Del Buiti-in es R Ran Dishwashs Dis sal Microwave Washer s OMs describe FinisAM area above de contains: 8 Rooms Bedrooms 1.5 Baths 1 411 ware FeM d Gross Livi Area Above Grade Additionalfealures s vial el0aentitems etc.. VINYL REPLACEMENT WINDOWS. ascribe the condition d tiro includl needed irs deteraretion ronovatlons remodelki etc.. PR ERTY CONDITION AND C DITION OF IMPROVEMENTS ARE I OF THE EIGHBORH D PRICE RANGE AND AGE OF IMP OVEM NTS. PROPERTY WOULD BE RF~4DILY ACCEPTED IN THE MARKETPLACE. THE SUB! CT DWELLING CONTAINS TWO P IAL BASEMENT AREAS. ON IS SHOWN ON THE S ET H PROVIDED WITHIN THI REPORT AND THE OTHER IS LOCATED BFJJEA THE DEN & ADJACENT BEDROOM. THE BASEMENT AREAS TOTAL AN STIMATED 620 S .FT. Aro them an icai delfrJencbs a advsse conditions that anted tire tiva ' soundness a strucNrel ~ d the Yes No ti Yes descrbe Does the o e arere contain to the nei hborhood functional uti condition, use construction etc. ? Yes No ti No descr~e Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 I Form 1004 -'TOTAL la Windows appraisal sohwue by a la mode, inc. -1 ~B04•ALAMODE ,1 217011 Uniform Residenfial Aooraisai Resort late# 2,70„ )here are 3 c c offered for sale in the sub' bah There aro 8 c rebb sales in the su ' ' hbahaod witliin Me st twehe mord FEATURE SUBJECT COMPARABLE SALE # 1 a>d ra in in S 145 000 to S 165 000 hs ran m in sob iron S 145000 to S 165 000 COMPARAB SALE # 2 COMP SATE # 3 Address 2 STEPHEN RD. CAMP HILL PA 17011-1155 237 GLENN RD. CAMP HILL PA 17011 881 W. FOXCR DR. CAMP HILL PA 1/011 8 W. COUNTRY CLUB PLACE CAMP HILL PA 17011 Prapm to Sub' Sob Price S Sale Price/Gross Uv. Aroa $ .h. 0.23 miles S 181 500 S 131.09 s .ft 0.68 miles 157000 S 141.82 s .it 1.82 miles S 162 800 S 141.88 s .ft. Data Sources Veryication Source a MLS! CO.TAX RECORDS LISTING OFFC. 10154372 MLS/ CO.TAX RECORDS LISTING OFFC. 1 150178 MLS! CO. TAX RECORDS LISTING OFFC. 10153179 VALUE ADJUSTMENTS DESCRIPTION DESCRPTION + - S Ad DESCRIPTION + - S Ad stmerd DESCRIPTION + - S Ad' strnerrt Sales a Rnancing Concessions TOM: 51 DAYS CONV. TOM: 1 DAY CONV. ~ TOM:104 DAYS CONY. Date of Sab/fhrle 01-04.08 09.25-07 02 Locatlon AVQ UBURlEQUAL B SUBUR/E~UAL LeaaeholdlFa FEE IM E FEE SIMPLE FEE SIMPL FEE SIMPLE Sib 0.17 ACRE 0.28 ACRE 0.24 ACRE 0.31 ACRE View AVERAGE AVERAGE AVERAGE AVERAGE Oes~ S b RANCH RAN RANCH RANCH Ou or Constructlon AVERAGE RAGE AVERAGE AVERAGE Actual a 20EFFECT 41 20 20 52 20 Conditlon AVERAGE AVERAGE AVERAGE AVE GE Above Grade Total Bdmu. Batlrs ToW Bdrms. Batlrs Tehl Bdims. Batlrs Taal Bdrma Ba1ha Room Caurd 8 3 1.5 6 3 2 -750 8 3 1 ' +750 6 3 1 +750 Gross Uvin Area 1 411 .tt. 1 232 .tt. +1 790 1 107 s .tt. +3 040 1 148 s .ft +2 650 Basement 6 Rntshed PARTLBCRWL Hcoms Bebw Grade UNFINISHED FULL FAM.RMBATH -3,500 -2 500 FULL FAM.RM. -3.500 -1 500 FULL UNFINISHED -3,500 Functlond TYPICAL MKT I MKT TYPICAL MKT TYPICAL MKT GAS FA/CAC OIL FA/CAC OIL HW/NONE +1 500 OIL FAICAC E Cifiderdltems REPLCMT.WIN NONE NOTED +1 500 NONE NOTED +1 500 REPLCMT.WIN NONE 1 C.AIT.GAfZ -2 500 NONE N E PerchlPalb/Deck ENCLD.PORCH COVRD.PATIO +500 PATIO +1 000 PATIO +1 000 i Net Ad bnent ohl + - S 5480 + - S 2 790 + - S 900 Adjusted Sab Price of Com rebbs Net Adj. 3.4 % Gross Ad'. 8.1 % S 156 040 Net Adl. 1.8 % Gross A 8.1 % S ' 159 790 Net Adj. 0.6 % Gross A '. 4.9 % S 183 500 I dkl did not research the sob or transhr h' of the su and can bb sobs. B n n research did did not reveal sobs a irsnsiers of the sub fa the three ears tb the effecWe dab of this Data Sources CUMBERLAND COUNTY TAX RECORDS. resmrch did dkl rwt reveal sobs a transfers of the can bb sobs to the ear to the date sob of the can rebb sob. Doh Sources CUMBERLAND COUNTY TAX RECORDS. R Me resuhs of the research and an b d Me sob a transfer h' of Me s and arsde a sobs on 3 . ITEM SUBJECT COMPARABLE SALE #1 COM ARABLE SALE #2 COMPARABLE SALE #3 Gate of Prbr Sale/Transier NONE WITHIN PREVIOUS NONE OTHER THAN NONE OTHER THAN NONE OTHER THAN Price of Prior SalarTransfer Data Sources 3 YEARS COURT HS. RECORDS OVE COURT HS. RECORDS ABOVE CO RT HS. RECORDS ABOVE COURT HS. RECORDS Elfectlve Date of Data Sources 07-12-08 07-12-08 07-12-08 07-1 -08 M b d sob a transfer of the sub and com bb sobs NO PRIOR TRANSFER! OF SUBJECT W ITHIN PAST 3 YEARS. Summa of Sales Com ' on A roach AFTER A THOROUGH S RCH OF THE SU ECT MARK PLACE THE THR E SALES SELECT DARE CONSIDERED TO BE THE ST INDICATORS OF VALUE. LL SALES SELECTED VE UTIL SIMI R TO THE SUBJ CT. SEARCH PARAMETERS WERE EXPANDED TO INCLUDE THE PREVIOUS 10 MONTHS. SIMILAR MARK COND TIONS HAVE EXISTED DURING THIS PERIOD. AN APPROPRIATE ADJUSTMENT IN THIS AREA FOR A PARTIAL BAS MENT VS. A FULL BASEMENT IS 500. Indicated Value Sobs C ' on oath S 158 000 IIIdIaNd Value . Sees Com S 158 000 Cat A (If S 188 889 ~~ (N S DEQUATE ARKET DATA IS AVAILABLE W SEVERAL SALES IN THE SUBJECTS PRICE RANGE AND MARKET AREA. THEREFORE THE SALES COMPARISON APPROACH TO VALUE IS THE BEST METHOD FOR THIS APPRAI AL. This appraisal is made ®"as is", ^ subject to compleUOn per plans and speciFicatlons on the basis of a hypoNedcal condidon that the krryrovernerds have then aMnpbted, ^ subject to the foeowinp repairs a aBeretions on the basis of a hypolheecal arnd'ib'on that the repairs of aheraecns have been completed, a ^ subject to the faaow' iced ins based on the extraordin ass tlrat the conditlon a deficbnc does not uire altergeai a re r. !eo~ornplNe vHuda~,of the kdsrlor end eltterlor uaa of the aa~propsAV, dellrred scope of work, atNemeM of awmpffau and Ihrrltlnp my lour) of the mutt vahre, a of 8ie ml properly tlWt M the eultlact of lhk sport it S 158 000 a of JULY 10 2008 whkh It the deb of M end the slkotlve of this keddfe Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 form 1004 - TOTAL fa Windows' appraisal soRware by a la mode, inc. -1 ~0-ALAMODE 1 217011 Uniform Residential Appraisal Report RIe: z,7o„ --_ . FR PG. 1 MARKET CONDITIONS UPPLY & DEMAND APPEARS TO CURRENTLY BE EXPERIENCING A MINOR IMBALANCE IN FAVOR OF SUPPLY DUE IN PART TO A NATIONWIDE SLOW-DOWN IN HOUSING MARKETS. Provde a ate irrformation to me bnderlcNerd te bate tire below coat ros and cakubtlons. ' fa the nion d site value summa of bb land sobs a otlror methods fa esti site value SITE VALUE BASED ON SALES OF COMPARABLE BUILDING LOTS. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALIk .......'........_ ............._..........__.............._.._.... _$ 45 000 Source d cost data MARSHALL 8 SWAT COST SERV. 3 DCPERIENCE DWELLWG 1 X11 .R. S 108.82 ............. _$ 153 283 Dual' ratio from cost service AVG. Etlective date of cost data 07-12-08 BASEMENT .R. $ 36.31 ............. _$ 22 512 Caanente on Cast h Toss area rabulaticns tetlon etc. _.......... _$ THE COST APPROACH HAS ONLY BEEN DEVELOPED BY HIS Gars ' .R. $ .......... _$ APPRAISER AS AN ANALYSIS TO SUPPORT THE PINION OF Total Estknate of Cost-New ~ _$ 175 775 MARKET VALUE. USE OF THIS DATA FOR OTHER PURPOSES IS Less skal i Wnctlonai External NOT INTENDED BY THIS APPRAISER. UE TO INCREASED CONSTRUCTION C TS MARKETWIDE THE COST APPROACH VALUE MAY BE HIGHER THAN CUSTOMARY IN D iatbn 58 fated Cost of Im embrds .................................................... 'As•is' Value of Site kn rovemerds ......._ ..................................._...... =$ 58 586 _$ 117 188 _$ 4500 RELATI SHIP TO THE SALES COMPARISON APPROACH. Estimated Remainin Ecanank Life NUD and VA an 40 Years INtMCATED VAWE BY COST APPROACH ............................................. _$ 188 889 Estimated Market ReM $ X Gross ReM Multi = $ Indicated Value klcame Summa of Income A ch incWdin s fa market rent and GRM b the /builder b control of the Nanemnnas' Associatlan HOA ? Yes No l)nit s Detec Attached Provide the fallow irdOrtnatlon fa PUDs ONLY H the /builder is in control of the NOA and the sub is attached dwetiin unit L Name of Pro t Taw number of ses Totai number of unite Tote) number of units sold Total nurtdxlr of units rented Total number of units la sob Data source s Was the croated the cawwersbn of existin buildin s iMo a PUD? Yes No M Yes date of comers' Does the contein a mulb•dweNin unks? Yes ~ No Data Source Are the units conxnon demems, and recreation faciGtias c T Yes No ti No descdbe the slaws of Aro the common ebmerds leased to a the Homeowners' Assocbticn? Yes No M Yes describe the rerdal 'sand s. Describe common ebments and racrealbnal faciYties. ~ Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Fam 1004 -'TOTAL for Windows• appraisal sottwaro by a la rtrode, inc. -1-800~ALAMODE 7~7fl11 Uniform Residen~al Appraisal Report RNN 217011 This report form is designed to report an appraisal of a one-unit property or a one-unit properly with an accessory unit; including 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. This 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 use, intended user, defintion of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following defintion of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual Inspection of the interior and exterior areas of the subject property, (2) Inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verNy, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The Intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditlons requislte to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Impliclt in this definition is the consummation of a sale as of a specified date and the passing of title tram seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash In U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparebles must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the properly or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certlfication in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to lt, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the tine. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The 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 identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse condltions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research Involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (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 condltions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 farm 1004 -'TOTAL fa wmdows• appraisal sarlware try a N mode, inc. -1-B00-AUIMODE 917011 Uniform Residential Appraisal Report Filer i;io;; APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal In accordance wfth the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the Interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I Identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance wRh the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data t0 develop a reliable sales comparison approach for this appraisal assignment. I further certify that I conaldared the cost and income approaches to value but did not develop them, unless otherwise Indicated In this roport. 5. I researched, vertfled, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property In the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationalty, physically, and functionally the most similar to the subject property. 8. i have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been buiR or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data 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. 1 obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and 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 have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the Inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any signfficant 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 anaysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no presets 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 partialty or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the presets 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 resuR 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, 1 have named such individual(s) and disclosed the specific tasks performed 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. Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Forth 1004 -'TOTAL fm Windows' appraisal software by a la mode, inc. -1-B00-ALAMODE Rb No. 217011 Pane NB ~~~m~ Uniform Residential Appraisal Report FHaN 2,70„ 21. The lender/client may disclose or distribute this appraisal report to: the borrower, another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (ff applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain taws and regulations. further, I am also subject to the provisions of the Unfforrn Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, govemment sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. if this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as ff a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may resurt in civil liability and/or criminal penalties including, but not limited to, fine or Imprisonment or both under the provisions of Titre 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFlCATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's 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 appraisal firm), is qualified to pertorrn this appraisal, and is acceptable to pertorm this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as ff a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER JYCHAEL R.FNT Signature Name MICR ~ Company Name RFJMAX REALTY ASSOCIATES. INC. Company Address 3425 MARKET ST. CAMP HILL. PA 17011 Telephone Number (7171730.3010 Email Address MENT~CAPITALAREAHOMES.COM Date of Signature and Report JULY 12.2008 Effective Date of Appraisal JULY 10.2008 State Certification # RL001676L or State License # or Other (describe) State # State PA Expiration Date of Certification or License 6/30/2009 ADDRESS OF PROPERTY APPRAISED 2 STEPHEN RD. CAMP HILL. PA 17011-1155 APPRAISED VALUE OF SUBJECT PROPERTY $ 158.000 LENDER/CLIENT Name Company Name ESTATE OF RALPH RENDE COmpany Addres3 2 STEPHEN RD.. CAMP HILL. PA 17011 Email Address Freddie Mac Form 70 March 2005 SUPERVISORY APPRAISER (ONLY IF REQUIRED) 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 Page 6 of 6 form 1004 -'TOTAL for windows' appraisal software by a b mode, inc. -1-800-AIAMODE Fannie Mae Form 1004 March 2005 Sub)ect Photo Page ESTATE OF RALPH RENDE 2 STEPHEN RD. CAMP HILL n CUMBERLAND a PA 17011-1155 ESTATE OF RALPH RENDE Subject Fromm 2 STEPHEN RD. Sabs Price Oross Uvinp Aron 1,411 Total Rooms 6 Togl Bedrooms 3 TaW Balhroans 1.5 Locatbn SUBURB/AVG View AVERAGE SIU 0.17 ACRE Oualily AVERAGE Ape 48(20EFFECT) Subject Rear Subject Street Form PIC3x5.SR -'TOTAL fa Vfmdows' appraisal software try a la mode, inc. -1.800-ALAMODE Michael R EM (717) 730.3010 ~ F8e No. 217011T Paae Additional SubJect Photos ESTATE OF RALPH RENDE 2 STEPHEN RD. C' CAMP HILL C CUMBERLAND PA 17011-1155 ESTATE OF RALPH RENDE LIVING ROOM BEDROOM KITCHEN DEN Fam PICSIX -'TOTAL fa VYindows• apaaisal soMrare by a la mode, inc. -1-800-ALAMODE Comparable Photo Page ESTATE OF RALPH RENDE 2 STEPHEN RD. CAMP HILL CUMBERLAND PA 17011-1155 ESTATE OF RALPH RENDE Comparable 1 237 GLENN RD. Prox. to Subject 0.23 miles Sab Rice 181,500 Gross Living Area 1,232 Trial RaHtts 8 Totef Bedrooms 3 Total Batltttwms 2 Lacatlott SUBURIEOUAL Vbw AVERAGE Sib 0.28 ACRE Oualily AVERAGE Ape 41(20) Comparable 2 881 w. FoxcROFT oR. Prout. to Subject 0.68 miles Sab Price 157,000 Gross urine Ama 1.107 ToW Rooms 8 Total Bedrooms 3 Total Bathrooms 1 Lacatlon SUBURIEQUAL Vbw AVERAGE Stye 0.24 ACRE Ouapty AVERAGE Age 48(20) Comparable 3 8 W. COUNTRY CLUB PLACE Prox. to Subject 1.82 miles Sab Price 182,800 GrossUvinpAroa 1,148 Total Roans B Trial Bedroarts 3 Tabl Bathrsoms 1 Locatbn SUBUR/EQUAL Ytew AVERAGE Sib 0.31 ACRE Ouadly AVERAGE Age 52(20) frorm PICPDLCfl -'TOTAL hx W~IdOWe' appraisal SOflWafe by a b male, Inc. -1.8110-ALAMODE row ESTATE OF RALPH RENDE o. 217011 res 2 STEPHEN RD. C' CAMP HILL C un CUMBERLAND S PA C 17011-1155 L ESTATE OF RALPH RENDE APPRAISAL AND REPORT IDENTIFICATION This eppraleal conforms to OD!! of Ute following detMitlons: ® Complete Appraisal (The act a process of estimating value, or an opinon of value, pertomred without invoking the Departure Rule.) ^ Limfted Appreisat (The act or process of estimating value, or an opinion of value, perfanv3d under and resufiirtp from Invoking the Departure Rule.) rnle report is gpe of the following types: ^ Se8 Cordained (A written report prepared under Standards Ruie 2.2(a) of a Complete or tJmfted Appraisal performed under STANDARD 1.) Summary (A written report prepared under Standards Rule 2-2(b) of a Canplele or Limited Apprelsal performed under STANDARD 1.) ^ Restricted (A written report prepared under Standards Rule 2-2(c) of a Complete or Limited Appreisai perfomted under STANDARD 1, restricted to the stated intended use by the specified ctlent a Intended user.) Comments on Standards Rule 2-S I certity that to Vie beat of rrry knowledge and belief: !' The sthtements al fact contained In thiE roport aro true and cortect. The roporled analyses, opinions, and conclusons aro IlmVed Doty by the reported assurrydfons and dfnilMp eonditlons, and aro my personal, impartial, and unbiascd professional enatyses, ap(nicns acrd conclusions. r_ I have no (a the specified) proserd a prospective interest in the property That b the subbct of this ropart, and rro (a the specified) persat~ irderest wklh rasped to the parties imalved. i ; I have no bias with respect to the propaAy That is the aub)ect d this roport a the parties imoNed with this asagnmetd. MY enpapemerd'm this assignment was not cantlnpent upon developing a roporting predeteminad resuNs. r:f frly compensation for compleVnp this asagnment is not contingent upon the develapmerd a reportkp of a ~ vahre a diroctierr kr value Mat favors the cause of the clent the amount of the vakre opinion, the aVabmant d a stipulated rosutl, a the orxurronce ai a subsequerd event diredty related to the inbnded use d this appraisal. _~ My analyses, opinions and conclusions wero devebped and this report tees been prepared, in canfammityy with the UnVam Standards of Professional Appraisal Practice. [; I have (a have nd) made a personal krspeclbn of the property Mat is the subject of this report " No one provided sipnificaM real property appraLsal assistance to the person siprlkq this certlllcation. (V Mere are eurceptlons, th name of each ktdiridud providing significard real property appraisal assistance must be stetad.) Comments on Appraisal and Report Identification Note any departures from Standards Rules 1-3 and 1-4, plus arty USPAP-related issues requiring disclosure: APPRAISER: ,=/M~=~}yam / ~ BUPERV180Rr APPRAISER (Daly U rogrirod): Signature: • i/~y Signature: Name: MICHAEL R. E T Name: Date Signed: JULY 12. 2008 Date Signed: State Cmtlficatiar #r: RL001676L Sterile Certification 8: a State License ~: or State Lcense #~: State: PA State: Expkatian Date of Certificatiar or License: 6/30/2()09 Expiration Date of CerMicarion a license: ^ Did [] Did Not Inspect Property Michael R Erd (717) 730.3010 Form ID5 -'TOTAL fa Windows' appraisal software by a la mode, inc. -1-800-ALAMODE MULTI-PURPOSE SUPPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS Michael R Ets (7171730.3010 Oortower/Cfiets ESTATE OF RALPH RENDE Address 2 STEPHEN RD. C P HILL Coun CUMBERLAND State PA Code 17011-1155 ESTATE OF RALPH RENDE This Multi-Purpose Suppbmental Addendum fa Federaly Related Tronsactians was designed to provide the appraiser with a comenbts way to rxxnpy wllh the curtets appraisal siarrdards and roqukemeMs of the Federal Deposit Insurance Corporation (FDIC), the Olflce of the Canptrolbr of Currency (OCC), The Office of Thrttt Supervision (OTS), tlse Resokdiors Trost Corporates (RTC), and the Fedaal Resena. fhb Mnltl-Perposs iapplemsatal Addsadnm b for ea wkh any appraisal. Only those stsnnesats srMah haere been oMcked by the appraiser apply to the property bsiry appraised. ~ PURPOSE O FUNCTION OF APPRAISAL The purpose of the appraisal is to estimate the market value of the subject property as defned heroin. The functlon of the appraisal is to assist the strove-named lender in evagsating Ole subject properly fa bnding purposes. This is a federoly related transaction. ® EXTENT OF APPRAISAL PROCESS fie appraisal is based an the itsormaten gatiserod by iha appraiser tram publk records, other identified sources, inspection d the subject properly and neighborhood, and sebctias of comparable sales within the subject market area. The original source of the corr0arables is shown in tiN Data Source section of the market geld along with the sauce of confimudian, tt ava8abb. The original source is presetsed first. The sources and data are considered rofiabb. 1Nhen cotslicting infamatlon was provided, the source deemed most reliable has been used. Data lrofNVed to be unreliable was net incNMed b tlse report nor used as a basis fa the value conclusion. The Reproduction Cost is based on MARSHALL 8 SW IFT COST SERVICES suppbmented by tiro appraiser's knowledge of the kscal market. ® Physeal depreciation is based on the estimated effective age of the subject properly, Funetlonal and/a external depreciation, tt presets, b speeifieatiy addressed in the appraisal report a ot)rer addenda. M estimating the site value, the appraiser has rolled on personal knowedge of tlro local nNdcet. This knowbdpe is based on prig andla curtad analysis of site sales andla abstraclen of site vakNS horn sales of improved properlbs. ® The subject propeAy b klcated a an area of primadty owneraa:upied singb famly roeidaascee and tlN Income Approach b nts considered to be meanirplul. Fa this reason, the Income Approach was not used. ^ The Estimated Market Rets and Gross Red Muttiptier utilized in the Incase Approach ens based an the appraiser's knowedge o(the subject narkei area. The rental knowedge is based on prior andla curtest rerdal rate surveys of residential properties. The Gross Rets MuDpler is based on prbr and/a carted analysis of prices and market rates fa rosidentiai properties. ^ For incase producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to project luluro rents, vacances arts expenses. ® SUBJECT PROPERTY OFFERING INFORMATION According to CENTRAL PENN MULIT-LIST the subject property: ® has not been offered fa sob in the past: ^ 30 days ^ 1 year ®3 years. ^ is curtentiv eff~ fa sale fa S ^ wHSl:lflS9d fa sob wtthe the past: ^ 30 days ^ 1 year ^ 3 years fa S ^ Offednp itsomsation was considered in the final reconciliation of value. ^ Oflerksg k~tamation lIdaOaldtt[ad in the final reconciliation of value. ^ Offering itsamation Iy~ Ogt.>tyailihl4. The reasons fa unavailability and the sops taken by the appraiser are expbeed titer in this addendum. ® SALES HISTORY OF SUBJECT PROPERTY Accordng to CUMBERLAND COUNTY TAX RECORDS. the subject properly: ® ^ let the past twelve momhs. ^ in the past thirty-sa months. ®In tiro past 5 years. ^ E~5_treOMffi~ ^ e the past twelve months. ^ in the past ihhly-six months. ^ e the past 5 years. ^ Att pnor sobs which have occurred in the past are listed lrelow and reconcibd to the appraised value, dtiser a the lady of the report a e tiN addenda. Dab tlalas Prreo Doaemout M YoNar D r ® PEMA PL000 HAZARD DATA ® Subject property (S.Iltl11ltl~ in a FEMA Sp~id Rood Retard Area. ^ Subject property Is.klGal4d in a FEMA Special Rood Hazard Area. Zone yEMA Yap/Panoi ~M Nq Dab Nana of CemarraNy C 42035900038 4!15/1977 EAST PENNSBORO TOWNSHIP ^ The community doas~LpadiclRate a the National Flood Insurance Program. ® The community r~es..patbGjgata in the National Rood kssurance Program. tt is covered by a regulet program. ^ tt is covered by an emlggapCy program. Pape 1 of 2 Faro MPA3 -'TOTAL fa Windows' appraisal soHwaro by a la mode, inc. -1-800-ALAMODE Building Sketch ESTATE OF RALPH RENDE 2 STEPHEN RD. CAM HILL CUMBERLAND PA 17011-1155 ESTATE OF RALPH RENDE g.0' c DEN 26.0' of -- ---------- -----------•---•------------- --------------: ENCLOSED I ~~ . j O i ~ 3.0' 20.0' 6.0' j 112 BED BATH ROOM BATH KITCHEN c ~ ROOM ~ 0 a BED BED LIVING g 0~ ROOM ROOM ROOM ENTRY O G) 45.0' FIRST FLOOR rsnNMrN^ Comments: t:aaN AMtEA CALCULAt'IONS SUMMARY _ fief tiln T OLI11 lsrat floor 1411.0 1411.0 D6YT saaanent -108.0 -106.0 P/P Eacloeed Porch -334.0 -734.0 Net LIVABLE Area (Rounded) 1411 LIV~fNf3 A12EA BR4ICKl~O1NH snrbdeMfi' iirat Dloor 16.0 x 19.0 304.0 9.0 x 45.0 405.0 16.0 z 39.0 703.0 3ltems (Rounded) 1411 frorm SKT.BIdSkI -'TOTAL for Windows' appraisal soflwa~e by a la mode, inc. -1-800-ALAMODE Location Map ES ATE OF RALPH RENDE 2 STEPHEN RD. 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"3' ~F 2 ~er~to T~e< +,x~ ~ ~ RJ r~ ~ ~ d~ .. ~F t~ate I ` ~. a' ,»r^ . v, ,~,..c~ .. ~,~; ~ ,rva~ Hf ,w~ h~M98 _9^ ~. t11EF1AffL REED ENT Certificate X76 ~ A~ Number J~J~IIGt4 PA.17~'i5 . ,~ t ~~ ' ~ ,.~ ' ~ RLt1~J9'R~ ~ n , . ~ .. , is'~~`~ ~~ ~i.Y'' " Rw~ t Commiaioner of 1'rof~+sioml mJ Owuptiond AftYirs ~ ~ \\ i r" "~~ form SCA -'TOTAL iw Windows• appraisal software ny a la mode, inc. - i-800-ALAMODE MICAHEL R. ENT 3425 MARKET ST. CAMP HILL, PA 17011 PLEASE MAKE CHECK PAYABLE TO: REJMAX REALTY ASSOCS. INC. CIO MICHAEL ENT 3425 MARKET ST., CAMP HILL, PA 17011 FED. TAX ID. # 25.1651204 THANK VOU, MIKE ENT (717)730-3010 DATE REFERENCE JULY 12,2008 217011 217011 T0: ESTATE OF RALPH RENDE 2 STEPHEN RD. CAMP HILL, PA 17011 Michael R EM (717) 730.3010 Fam NN -'f07A1 fa VPaidows• appraisal saftwam by a is made, inc. -1.800•ALAMOOE NNf tna; tnebna, va ~~ji~ ~eeb, StADE THE j ~ ~ day of Marc h in ~ V~* of our Lord one thousand rdne hundred eighty -three (198 3 ) BETWEEN RALPH E. RENDS and CAROL A. RENDE, his wife, of East Pennsboro Township, Cumberland County, Pennsylvania, parties of the first part, and hereafter referred to as Grnwitor s a+tid the said RALPH E. RENDS of East Pennsboro Township, Cumberland County, Pennsylvania, party of the second part, and hereafter referred to as Grantee WITNESSETH, that in oonaideration of [he sun of ONE ($1.00) DOLLAR AND OTHER GOODS APvD VALUABLE COidSIDERATIONS------------------ Dollars, in hand paid, the receipt whereof is hereby acknowledged, the said grantor s do hereby Pratt and convey to the said prwntee h i s heirs and a s s i g n s, ALL THAT CERTAIN tract or parcel of land with a residential dwelling and improvements constructed thereon situate in East Pennsboro Town- ship,-Cumberland County, Pennsylvania, more particularly bounded and described as follows, to wit: BEGINNING at a point on the Southerly line of Stephen Road which point is 90 feet West of the Southwesterly corner of Stephen Road and Erford Road and at dividing line between Lots Nos. 1 and 2, Block "A", on the hereinafter mentioned Plan of Lots; THENCE along said dividing line South 12 degrees 53 minutes East 100 feet to a point at Northerly line of property now or late of Sundown Corp.; THENCE along same South 77 degrees 7 minutes West 75 feet to a point at dividing Iine between Lots Nos. 2 and 3, Block "A", on said Plan; THENCE along said dividing line North 12 degrees 53 minutes West 100 feet to a point on the Southerly line of Stephen Road aforesaid; THENCE along same North 77 degrees 7 minutes East 75 feet to a point, the place of BEGINNING. BEING premises known as 2 Stephen Road. AND BEING Lot No. Z, Block "A", in Plan No. 1 of Ridley Park, which Plan is recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Book 11, Page 26. BEING the same premises which Ralph E. Rende. by his deed dated June 29, 1977 and recorded in the Office of the Recorder of Deeds for Cumberland County, Pennsylvania, at Deed Book H, Volume 27, Page 273, granted and conveyed to Ralph E. Rende and Carol A. Rende, his wife, the Grantors herein. This is a conveyance between spouses. .., . :... ;:, EXHIBIT ~ ~~ And Ske said grantor s hereby covenant and agree that they will warrant generally the property hereby conveyed. IN WITNESS WHEREOF, said grantors hca a hereunto set their hands and seas; the day and year first above written. ifgneb, firat[tD attA ,~t[ibereD ._.......: ...?---•--------------_..... ss~r. al E. R n e ~^ in talents of ---4:.,.°~.~.~?:-------°----•---•-• assn Carol A. Rende State of Pennsylvania as. County of Cumberland On this, the 3) 5'f day of March , 19 8 3 ,before me, the undersigned o8icer, personally appeared Ralph E. Rende and Carol A. Rende, his wife, known to me (or satisfactorily proven) to be the persons whASe names are subscribed to the within instrument, and acknowledged that they executed same for the purpoaes~ the~:eyn contained. ; . `~ ~ ~ c.-. ?;~ ~ ~.~'~•,, IN WITNESS WHEREOF, 1 hereunto set my hen/d and o~Jte/iai ~ae~a~i. tY ~ \~n-~1. S~jr~ . C~ >: ._._._._......._. No t a~ Pub` .~ L r .. ~ ~r . ~o ; e " . ~~rr ;-; LYNN KI~IbEI~.P,u~ \1~~,~`` State Of ~~'-x.~-a-~""` "~~`_.~- Lemoyne, Cumkpr'lan Go.,~PrOu..•`~' . ~~. My Commission Ex s'~5s Aug ~ 984 ,(.,nLc~s.~~j4.,~. -.~_.. P:~:. ,aid. County of v `~`, ~ "• On this, the --3 ~ ~~ day of ~ rn-a: r ~ _! _. , Ig t':S ,* before me, the underaipned o,~eer, personally appeared C,~~-tip -e-- -~ ~ -~ ^~~ `~'' knoum to me (or aatiafaetorily proven) to be the person whose name .-4°' au~-e birl.to.th~~~c'••, within inatrvanent, std acknowkdQed that ,ti,~-- executed amore for tlieT" ~e'pd;f~eb' •` `"i ... x~ contained. + t,. i o *~ ~' '~' ~" ~: IN WITNESS WHEREOF, 1 hereunto set my hand and o8ieial seal. , ., -~ y' ~~ ~ t ,, , ~. ~c _, ~; ~,r Aty Comnsiart fxy~ires Autun f5, IooiTttk ~ ,+ ~I'' Harris4ur9, PA Dauphla Ca ,r do hereby certify the the precise residence and complete poet o,8ice address of the within maned peantee t8 ~ ~-~. ~ ~. ~ ~ ~-~ ~ , ~t_ ! 7G' ! 1 ~~~-t., ~~,19~i~ , ~. ~^ ,y / 4 I~ .. 11 ._ ;> .'Y~ ,,I .. ~ :.'J r i;4~[1dQN~l1AI1T'~ Q~ ~ NSYLVANIA .., , ~... ~ sa. e ~~, ia~ r o, ~~ , __.~ _~ day o>-7~.~~~~~~~ ~r. , ~` `~ .- RECO/R~DED on thia ..._•-•- .... -'_ ,~ 1 A,W A. D. 18~, in the Recorder's once of the said County, in Deed Book ~-~ ~ ~ Vod. _.... ~_. b ~w wz za d Q H w O ".a ~ w Q z a W x a a H z OG ~~ Given under my hand and the. seat of the said o~iee4 the date above written. AGREEMENT OF SALE FOR REAL ESTATE THIS AGREEMENT made and entered into this~`~ ~~lday of , 2008, between THE ESTATE OF RALPH E. RENDE, Deceased (hereinafter "Seller")and RALPH A. RENDE, (hereinafter "Purchaser"); WITNESSETH: WHEREAS, Seller agrees to sell to Purchaser and Purchaser agrees to purchase from Seller all that certain piece or parcel of land situate in East Pennsboro Township Described on Deed at Deed Book C, Volume 30, Page 736 in the Cumberland County Recorder of Deeds Office between Ralph E. Rende and Carol A. Rende to Ralph E. Rende. WHEREAS, Purchaser agrees to pay to Seller for the said property the sum of One Hundred Fifty-Eight Thousand Dollars ($158,000.00) with Thirty-Five Thousand Four Hundred Dollars ($35,400.00) upon signing of Agreement and One Hundred Twenty-Two Thousand Six Hundred Dollars ($122,600.00) at settlement. NOW THEREFORE, it is agreed that: 1. SETTLEMENT: Settlement will be held at Knupp Law Offices, LLC, 407 North Front Street, Harrisburg, Pennsylvania, on or before December 31, 2008. If Purchaser fails to settle on or before December 31, 2008, the deposit shall be returned and this Agreement shall be null and void. EXHIBIT a 2. POSSESSION: Possession to be delivered at settlement. 3. REALTY TRANSFER TAX/MUNICIPAL TAX: The Pennsylvania Realty Transfer Tax and any Municipality Transfer Tax shall be divided evenly between the Parties. 4. RISK OF LOSS: In the event of damage to the property by fire or other casualty, the Purchaser shall have the option of rescinding this Agreement and receiving back hand-money paid on account, or of accepting the property in its then condition with the proceeds of any insurance recovery obtainable by Seller to be paid over to Purchaser. 5. TITLE: Seller shall convey to the Purchaser by General Warranty Deed a good and marketable title such as can be certified by the Purchaser' Attorney subject to building restrictions and easements of record. 6. REJECTION OF TITLE: In case material defects are found in the title, and so reported, then if such defects are not cured by the Seller within sixty (60) days of the notice, the contract shall become null and void and monies paid by the Purchaser shall be returned, at the option of the Purchaser. Seller agrees to the application of so much of the purchase money as required to the payment of liens, encumbrances and/or mortgages at settlement. 7. REPRESENTATION: This Agreement, executed in duplicate, contains the final and entire Agreement between the Parties except as otherwise provided for herein. This property is being sold pending home inspection and any defects found have been properly corrected by Seller. This provision survives settlement and does not merge into the Deed. 2 IN WITNESS WHEREOF, on the date and year aforementioned, the said Parties have hereunto set their hands and seals, intending to bind themselves, their heirs, assigns, administrators and executors. All Parties hereto hereby acknowledge receipt of a fully- executed copy of this Agreement. SEALED AND DELIVERED in the presence of ~----- j, ~~ ~ !~ ~, (SEAL) RALPH A. RENDE, EXECUTOR ESTATE OF RALPH E. RENDE ~~' 'te'n Q~ ~ (SEAL RALPH A. RENDE, Puchaser COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN SS. On this the~~~ day of , 2008, before me, a Notary Public in and for said State and County, personally eared RALPH A. RENDE, known to me to be the person whose name is subscribed to the within instrument, and acknowledged that he executed same for the purpose therein contained. l G~ %~ COMMONWEALTH OF PENNSYLVANIA otary Public Notarial seal Patrida A. McBride, Notary Public ~ Of Harrlstxxg, Daupl~ County My Oommlsslor- E Dec. 6, 2011 Member, P~nnsylv~nta AssoclaUort of Nartaries 3 Home Spec Inspections ~~pM~ 1NSpg~,O~s ,~~~ 198 Rose Hilt Drive ~~ ~o ~: New Cumberland, PA 17070 zy ~~ ~:: W 717-761-7303 Fax 717-770-0226 a x HOME INSPECTION AGREEMEN ~,~~~ This HOME INSPECTION AGREEMENT ("Agreement") is made this day of `~~J IWA~2.008 between: "Inspection Company" ~~y ~e~~ "Client" Home Spec Inspections Fort a prope locate~d;a~t:~ (~ ~~.~y ~ ~l ~ ~ - C/~t'yY T1J-~-1.~ , PA ("The Property") 1. Inspection Services. The Inspection Company will perform or arrange for the following checked inspections and the client shall pay the Inspection Company the fees set forth in this Section. Home Inspection (provided) ..................................... $280.0 Bacteria Test (provided /arranged) ....................$-~6oA9- Pay at Settlement (provided /arranged) .................... Conventional (provided /arranged) ...................... $'['73:96 Wood Destroying Insect (provided /arranged) .......... FHA(provided/arranged) .............................79:96 Radon Test (provided /arranged) .............................. .$100.00 Total due for provided an arranged services .........................$ Z. Time of Payment; Release of Inspection Report. Client shall pay the Inspection Company the sum of $~ ("Inspection Fee") for the home inspection service. Additional services may be purchased through the Inspection Company and are to be considered separate from the home inspection. Other services may, as a courtesy, be arranged by the Inspection Company and are not subcontracts. By arranging for and providing ordering and billing for any such services, Inspection Company does not warrant or assume responsibility for the work of such provider(s) or for provider's contract with the customer, which shall remain strictly between Client and provider(s). Payment is due when Client signs and delivers this Agreement to the Inspection Company. The Client shall not be entitled to the Inspection Report unless Client has first paid in full all Inspection Fees and has signed and delivered this agreement to the Inspection Company. Nome Inspection Law. The Home Inspection and this Agreement comply and reflect the provisions of Act 1 14, Section 75, known as the Pennsylvania Home Inspection Law. The Client acknowledges and agrees that the purpose and scope of the Home Inspection of the Property by the Inspection Company is to discover readily visible, apparent or obvious Material Defects at the time of the inspection and assist the Client in evaluating the overall condition of the Property and provide an inspection report describing the Material Defects according to Standards of Practice and Code of Ethics of a Pennsylvania State compliant National Home Inspection Association. A Material Defect is defined as follows: "A problem with a residential .real property or any portion of it that would have a si¢nificant adverse impact on the value of the property or that involves an unreasonable risk to people on the property. The fact that a structural element, system or subsystem is near, at or beyond the end of its normal useful life is not, by itself, a Material Defect." 4. Not a Warranty. The Home Inspection and the Inspection Report do not constitute and shall not be considered to be a warranty, either express or implied, concerning the present or future condition of the Property, the presence or absence of latent or hidden defects that are not reasonably ascertainable in a competently performed home inspection, or the remaining useful life of any system or component of the property. 5. Further Evaluation. If the person conducting your home inspection is not a licensed structural engineer or other qualified specialist whose license authorizes the rendering of an opinion as to the structural integrity of a building or its other component parts, you may be advised to seek a professional opinion as to any defects or concerns found in this report. 6. Not an Appraisal. This home inspection is not to be construed as an appraisal and may not be used as such for any purpose. 7. Permission to Release Report. The Company will issue an inspection report to the Client only. This report becomes the confidential property of the client and may not be relied upon by any other person through unauthorized distribution of the inspection report. The Client may give the authority to the Inspection Company to re e a copy of this report for his or her named representative's sole use in this specific real estate transaction only by initialing: and providing the representative's name: -_ r- I have read and agree to the terms, conditions, limitations and exclusions found in both this document and the limitations and exclusions document that follows. 1 agree to the terms of limitation of liability and the provisions of the Pennsylvania Home Inspection Law. I ors t if 1 do not agree to the terms and conditions set forth that 1 have the right to cancel the inspection at this time and I have the ?tgh o hi another inspection company. Q ~ EXHIBIT _ __ ~(J 10-22308 w 1 ector's Signature Date NAHI Memb rshi Client /Named Representati~ a . ~~~ave ti~ ~ - 8. Liraitatiions & Exclusions The Client expressly acknowledges and agrees that the following matters are not included in the scope of the inspection and the inspection report and further acknowledges that the Inspection Company makes no representations or warrantee and offers no opinion as to: 1. The presence or absence of latent, concealed or hidden defects not discoverable by anon-intrusive, non-invasive, visual inspection. 2. An examination that is limited to inspect one or more of the following: wood destroying insects, underground tanks and wells, private sewage, swimming pools, hot tubs, spas or saunas, burglar, fire or other alarm systems, fire suppression systems, irrigation systems, air and water quality, mold, tennis courts, playground equipment or any other recreational or athletic equipment apparatus or facilities, pollutants, toxic chemicals or any environmental hazards. 3. The inspection of any system, component or part of the property that requires moving of personal property, dismantling, or other destructive measures to gain access to a system, component or part of the dwelling. 4. Property's compliance with municipal, county, state or federal statute codes, rules, ordinance rules, or regulations including without limitation building, zoning, or property maintenance codes. 5. The presence or absence of any hazardous condition or material which would constitute a Material Defect or would other pose a health or safety hazard to humans, including, without limitation, asbestos, radon, formaldehyde, lead or lead based paint, mold, water and air quality or electromagnetic radiation. Specialists may be arranged on your behalf for this type testing. 6. On site private water systems such as underground wells or springs, as well as the evaluation of private sewage and their respective components. 7. Whether visible or not, the following items are outside the scope of the inspection: adequacy or efficiency of an item, detached buildings, elevators, engineering analysis, freestanding appliances, geological stability, heating equipment heat exchangers, prediction of life expectancy of any item, radio controlled devices, solar heating systems, thermostatic or time controls, underground piping and water treatment systems. 8. Any item or component specifically excluded from the scope of the home inspection by or noted on the home inspection report. 9. Any item or component excluded from the scope of the home inspection by the Standards of Practice of a Pennsylvania State compliant Home Inspection Association. 9. Damas:es. If the Inspection Company or any of its employees, agents, providers, officers or shareholders are found to be liable by a court of competent jurisdiction for any claim or damage due to the alleged negligence or willful misconduct of the Inspection Company performing the home inspection or in reporting on the condition of the property in the inspection report, the maximum damage that the Client can recover from the Inspection Company shall not exceed three times the home inspection fee paid by the client. The Inspec' Company shall not be liable to the Client for any foss of use of the property, repair or replacement cost, consequential or punitive , damages or for attorneys fees or court costs. The Inspection Company shall not be liable to the Client for any claims, loss or damage if the Client alters, tampers with or repairs or replaces the condition which is the subject matter of the Client's claim before the Inspection Company has had an opportunity to inspect the alleged defective condition. 10. Notification. The Client must commence any action for damages arising out of or related to this Agreement or the Inspection Report according to the provisions set forth by Section 7512 of the Home Inspection Law (68 P.S. §§ 7501-7512) within one year of delivery of the Home Inspection Report to the client or the named representative. l 1. Arbitration. Any dispute, controversy, interpretation or claim including claims for, but not limited to, breach of contract, any form of negligence, fraud or misrepresentation arising out of, from or related to, this contract or arising out of, from or related to the inspection or Inspection Report shall be submitted to final and binding arbitration under the Rules and Procedures of the Expedited Arbitration of Home Inspection Disputes of Construction Arbitration Services, Inc. (214) 638-2700 ext. 509. The decision of the Arbitrator appointed there under shall be final and binding and judgment on the Award may be entered in any Court of Competent jurisdiction. At least one arbitrator must be familiar with the home inspection profession. 12. Severability. If a court of competent jurisdiction determines that any section, provision or part of this Agreement is void, voidable, unenforceable or contrary to the taws or the Constitution of the Commonwealth of Pennsylvania, the remaining provisions of this Agreement shall remain in full force and effect. This Agreement and the exhibits attached hereto contain all the terms and provisions between the Inspection Company and Client relating to the Home Inspection and Inspection Report. A term or provision not incorporated or stated in this Agreement shall be of no force and effect. The terms and provisions of this Agreement are binding upon and shall benefit the Client and the Inspection Company and their respective heirs, personal representatives, successors and assigns. I have rea ree to the terms, conditions, limitations and exclusions found in both pages of this document. I agree to the terms of limita ' n of li ility and the provisions of the Pennsylvania Home Inspection Law. 1 understand that if I do not agree to the terms and cond' ions fore have the rig)~t to cafcel the inspection at this time and [have the right to hire another inspection company. J ~v ~ 10-22308 s Signature Date NAHI Membership # Client /Named Representative Signature Date ADDENDUM TO AGREEMENT OF SALE FOR REAL ESTATE AND NOW, this 20th day of February, 2009, this Addendum is entered into between the ESTATE OF RALPH E. RENDE, Deceased (Seller) and RALPH A. RENDE, (Purchaser): WITNESSETH WHEREAS, an Agreement of Sale for Real Estate was executed by the parties on August 29, 2008; and WHEREAS, subsequent to the date of the Agreement a home inspection was performed by an independent inspector; and WHEREAS, the home inspection revealed defects involving the roof, rotted interior wood, and a sidewalk; and WHEREAS, the Purchaser is agreeable to making the repairs on his own account but desires to adjust his offer because of the cost of such repairs. NOW, THEREFORE, the parties agree as follows: 1. The Agreement for the Sale of Real Estate shall be amended to reflect that the agreed to price of One Hundred Forty-Five Thousand Dollars ($145,000.00). 1 ~ Exrn~si ~ ~ t 2. The time for settlement shall be adjusted so as to be held within thirty-five (35) days of the approval of the Purchaser's Agreement to Purchase the property by the Orphan's Court Division of Cumberland County, Pennsylvania. IN WITNESS WHEREOF, on the date and year aforementioned, the said Parties have hereunto set their hands and seals, intending to bind themselves, their heirs, assigns, administrators and executors. All Parties hereto hereby acknowledge receipt of a fully- executed copy of this Agreement. SEALED AND DELIVERED in the presence of (.~ ~ (SEAL) RAL H A. RENDE, EXECUTOR ESTATE OF RALPH E. RENDE COMMONWEALTH OF PENNSYLVANIA _ ~~~ ~ ~~ (SEAL RALPH .RENDE, Puchaser SS. COUNTY OF DAUPHIN ; On this the day , 2009, before me, a Notary Public in and for said State and County, perso ally appe red RALPH A. RENDE, known to me to be the person whose name is subscribed to the within instrument, and acknowledged that he executed same for the purpose therein contained. COMMQNWFAIT{-! C>F PENNSYLNgry-/~ - Patricaa r~ 5„~ srn~ aublic Otary PUbIIC City C7f i~~rnsi:;utr .<~`mf; c,tt;~ C~tan My Cornrru.~~~: ; =r~.~-~ [~. 6, 20~ Member, Pennsylvania Association of Notaries 2 AFFIDAVIT OF REALTOR AND NOW comes WILLIAM F. ROTHMAN , RSRRealtors, Lemoyne Pennsylvania, and states the following under oath: My name is William F. Rothman. I am a Professional Realtor and I have made an inspection of the. property known as 2 Sta~hen Road, East Pennsboro Township, Camp Nill, Cumberland County, Pennsylvania. t have had no personal interest in the property or the-sale of the property and, based upon my inspection and a full appraisal report which 1 have prepared and am ready to submit to the Court at an appropriate time, it is my professional opinion that the sum being offered far the property, $145,000.00, is a sum in excess of the property's current fair market value and is more than could be obtained a public sate a#ter the deduction of commission and expenses of such sale. COMMONWEALTH OF PENNSYLVAMA , SS COUNTY OF , I, WILLIAM F. ROTHMAN, the person whose Warne is hereinabvve mentioned, having been duly qualified according to law, do hereby acknowledge that the above statement is true and t:orrect fo the best of my knowledge and belief. r William F. thrnan Swom and subscribed to before me ro( thiso~ day of 1~~I~, 2009. COMMONWEALTH OE PENNSYLVAMA ` Notarial Seal Fternrnari McDarald, Notary Public p ry Pu IC Lemoyne Sons, Cumberland County My Comm~sion Expires Nov. 17, 2011 Member, Pennsylvania Assoclat+on of Notaries EXHIBIT Chem Knu Law Offices LLC FI . 09-002G Pro Address 2 Ste hen Rd C' Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC Form TOCP -'WinTOTAL' appraisal software by a b mode, inc. -1-800-ALAMODE TABLE OF CONTENTS RSR Appraisers & Analysts 3 Lemoyne Drive Suite 100 Lemoyne, PA 17043 Robert Knupp Knupp Law Offices, LLC P.O. Box 630 407 North Front Street Harrisburg, PA 17108 Pursuant to your request, 1 have prepared a Summary 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 appreisal 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 value condusions stated herein are as of the date of inspection as stated in the body of the appraisal and contingent upon the certifications and limiting conditions athached. We are acquainted wfth the value of real estate in the locality of such property, that we are not personally interested in the proposed sale, exchange or option, and that in our opinion the proposed consideration is more than can be obtained at public sale. Please contact me, if I can be of additional service to you. Respectfully, William F. Rothman PA Certifled General Real Estate Appraiser Certificate Number GA000303L Form DCVft -'WinTOiAI' appraisal software try a la mode, inc. -1.800-ALAMODE SUMMARY OF SALIENT FEATURES Subject Address 2 Stephen Rd Legal Description Deed Book 30C; Page 736 Cay Camp Hill Courtly Cumberland State PA Dp~odg 17011-1155 Census Tract 0102.02/3240 Map Reference 09-17-1042-117 Sale Pdce S Date of Sale Bortower LendedCGerrt Knupp Law Offices, LLC Size (Square feet) 1,411 Pdce per Square foot S Location Suburban pge 49 CondNon Average Total Rooms 6 Bedrooms 3 Batirs 1.5 Appraiser William F. Rothman Date of Appraised Value May 8, 2009 Opinion of Value S 136,000 Form SSD2 -'WinTOTAL' appraisal software by a la mode, Inc. -1-800-AIAMODE Subject Photo Page CNerd K Law Offices LLC Pro Address 2 Ste hen Rd Ci Cam Hill Cou Cumberland State PA Z Code 17011-1155 Lender Knu Law Offices LLC Subject Front 2 Stephen Rd Sales Price Gross LiWng Area 1,411 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban View Average Site 0.17 acres Quality Average Age 49 Subject Rear Subject Street Form PICPIX.SR -'N1nTOTAI' appraisal software by a la mode, Inc. -1-800•ALAMODE Real Estate Appraisals (717) 315.7032 - Uniform Residential Appraisal Report Fib# D9-OO2G The u e of this summ a sisal re ort is to rovide the lender/cNem wtth an accurate, and ad u su ortetl, a inion of me man<e< vane or me suoscr ro Address 2 Ste hen Rd C Cam Hill State PA Ti Code 17011-1155 Bortower Owner of Public Record Estate of Ral h Rende Cou Cumberland L Descd lion Deed Book 30C• Pa a 736 Assessa's Parcel # 09-17-1042-117 Tax Year 2009 R.E. Taxes E 1 822.00 hbortrood Name Ridle Park Ma Reference 09-17-1042-117 Census Tract 0102.02/3240 Occu Owner Tenant Yacard S ecial Assessmerds S 0 PUD HOA S rear momh pro fti hts raised Fee SI b Leasehold Otlcer describe Ass mend T Purchase Trensactkm Refinance Transaction Other describe S rti an offer to urchase Lender tlent Knu l.aw Offices LLC Address 2 Ste hen Road Cam Hill PA 17011 Is the sub' c offered for sale or has rt been offered for sale in ffie twelve rtardhs ria to the effective date of this a sisal? Yes No R rt data source s used otfedn rice s and dates . i ^ did ^ did not analyze the contract fa sale for ifce subject purchase transaction. Explain the resuNs of the anaysis of the contract for sale or why the anaysis was not omced. ~ Contract Price S Date of Comract Is lice a setler the owner of ubtlc recad7 Yes No Data Source s Is there am financial assistance (ban charges, sale concessions, gift or downpaymerd assistance, etc.) to be paid by any party on behati of the bortower? ^ Yes ^ No H Yes re rt the total dollar amourd and describe the ftems to be aid. Note: Race and the radal rront slBon of the net boyhood are not a sisal factors. ,. Ohe-OnltHotrsi Trends OAe-lJnttH ••- ._.: - lieaeMLudUtce% . Location Urban Suburban Rural Pro Values ~ baeasin Stable Declinin PRICE AGE One-tint 60 96 Buih-U Over 75% 25.75% Under 25% Demand/Su Shorts a In Balance Over Su I S 000 rs 2-4 Unit 5 % Growth d Stable Slow Marked Time Under 3 mths 3.6 mths Over 5 mths 82 Low 100 Mutii-Fami 10 % N ' hbodaod Boundaries Route 944 to the north' S uehanna River to the east• Route 581 to the south 192 Hf h 100 Cbmmercid 15 % a~ ~~. 131 Pred. 50 Other 10 % N ' hborhocd Descri lion The sub'ect is located in a suburban area with eas access to schools sho i and em b ant. Commercial deveb meM in the ne' hborhood includes Co orate Center. Market Conditions incbdin su d for the above conclusions The housi market in the re bn has not mirrored the national econom .Due to h' her su and slowi demand consumers are en'o ' a b is market. The resence of the State Ca Rol Dimensions 0.17 acres Area 0.17 acres Sha Recta ular dew Avers e ific Zuni Classtiication R-1 Zonin Descri lion Residential Si le Famil Zoni C rance L al L I Noncorrforrtri Grendfaticered Use No Zoni tl d describe Is the h hest and best use of sub' as im roved or as ro osed lens and s ec'rfications the resem use? Yes No ti No describe U16tlea PuWb Otlru descrbe Public OUrer describe Olf-aRelm vemerds-T Pudb PrNaM jg Water Strad Macadam Gan Sanity Sewer Alle N/A FEMA S ial flood Hazard Area Yes No FEMA Food Zone C FEMA Ma # 42041 C0118E FEMA Ma Date 3116/2009 Are the utilities and ofl-site im ovemeMs ical for tlce market areal Yes No M No, describe Are there an adverse site condkions a extaznal factors easemerds, encroachments, environmental conditions, hand uses, etc. 7 Yes No ti Yes, describe None noted at the time of ins n.. The a raiser is not an a art in ernironmental matters. ~y ;,,ti; Units One One with Accesso Und # of Stories 1 ~ Concrete Slab Crawl S ce Futl Basazrcent Partial Basement Erietlor Foundation Waps Bbck/Avera a Exterior Walls BrickNin Averse 4rNarbr Fbors HW/CPT/CT/AVG. WaNs D IVPaneVAVG. T DeL Att. S-DetJEnd Unft Existin Pro eel Under Const. Deli n S Ranch Year Buitt 1960 Basemerd Area 620 s .ft. Basement Knish 0 % Outside E /Exit Sum Pum Evidence of Infestation Roof Sudace Stu Ies/Poor Gutters & Downs outs Aluminum/Averse Window T e Vin Dbl. Hu /A Storm SasMnsuWted Double Pane TrimlRrrish W D/PaintedlAVG. Bath Fbor CT/AVG. Bath Wainscot FB.GLS/AVG. Car Story None Effective rs 20 Atib None Da ness Setilemerd tieati FWA HWBB Radiant Screens Yes Amenitles Woodstove s # Ddvewa # oT Cazs 3 Ddvewa Surface As hah Dro Stair Stairs Other Fud fl laces # Fence RR Yard Gare e # of Cars Roy Scuttle Caotln Cerdral Air Condftiodn PatiolDeck Porch Encbsed Ca ort # of Cars Rnished Heated Individual Oticer Pod Other Att. DeL Brih-in tlances Relri a Ra en Dishwasfcer Dis osal Microwave Washer er ^ Other describe Rnished arm above contains: 6 Roans 3 Bedrooms 1.5 Baths 1 411 S uare feet of Gross LNin Area Above Grade . Additional features s al en efficient items etc. . . Describe the condition of the ro includi needed r 'rs deterioration renovations remcdeun etc.. Pro a im rovements are ical of the ne hbortwod. A ro ins action rovided b Home S ec Ins lions in of 2008 revealed ma'or defects. The fbor around the master bathroom toilet is rotted the roof is in need of re it the AIC unit is at the end of its useful life ve oor condhion and the sidewalk is bu i Are there an sisal ddkiencies or adverse conditions that affect the Nvabi' ,soundness or structaal int d of the roe 7 Yes No ti Yes describe Does the ro e rreral conform to the nd hborhood urrctional alit' k condition use, construction, etc. 7 Yes No ti No, describe Freddie Mac Fonn 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 Forth 1004 -'WinTOTAL' appraisal software by a b mode, inc. -1-800-ALAMODE 1 Inifnrm Rc~ciriQntla~ Annraisal RA[IOI't cu.r rwsmr; There are 2 co ble o 'eS curt There are 12 com reble sales in the subject FEATURE SUBJECT offered fa sale in ale st~'ect ruff hbodlood re in in ace from S 142 900 b S 184 900 nei boyhood within the ast twelve rttordhs ran in in sale ice from S 127 500 b S 184 900 COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 2 Stephen Rd Cam Hill PA 17 Pro>brri b Sub ect 011-1155 9 Dulles Drive East 19 Dulles Drive West Cam Hill PA Cam Hill PA 0.26 miles NE 0.13 miles N 10 Dulles Drive East Cam Hill PA 0.26 miles NE Sale Pdce Sale Pric Gross Liv. Area Data Sorrce s Verthcation Source S VALUE ADJUSTMENTS S _ S s .tt. oESGRIPTION S 134 900 E 127 500 S 134 900 3 111.03 s .ft. 104.94 S .tt. S 111.03 s .tt. MLS/Courthouse Records MLS/Courthouse Records MLS/Courthouse Records ML MLS MLS DESCRIPTION + - S Ad'ustmerd DESCRIPTION + - S Ad'usimerd DESCRIPTION + - S Ad'uslmem Sales a financing COncessbrx Date of Sa ime Conventonal June 20 2007 Conventional Dec. 5 2008 Conventional Jan. 7 2009 LocaBan Suburban Suburban Suburban Suburban LeasehokllFee Sim k Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site 0.17 acres 0.19 acres 0.20 acres 0.32 acres View Aver Aver Aver a Avera e Desi n S le Ranch Ranch Ranch Ranch Oual' of ConshuCbon Avera a Avera a Avera a Avera Actual A e 49 40 49 49 CondiBon Avera Avera a -500 Avera a -500 Aver a -500 AbOVe Grade Toff Bdrms. Baths Total Bdrms. BaNs Total Bdrms. Batlu Toth Bdmrs. Baths Roam Coum 6 3 1.5 7 3 1 -500 6 3 1.5 5 3 1.5 +1 000 Gross LMn Area 1 411 s .h. 1 215 s .ft. +2 500 1 215 s .ft. +2 250 1 215 s .tt. +2 500 Basement d flrdshed Rooms Below Grade Partial Craw Unfinished Full Unfinished -3,750 None 0 +3,750 Partial Craw Unfinished Functlonal Uti . Heatl oolin T feel Market Gas F/CAC T ical Market Gas F/CAC T ical Market GaslWall Units +1 500 T ical Market Gas F/CAC • Ener EfBcieyd hems Re lac. Wind. None noted +1 250 None noted +1 250 None noted +1 250 ' Gana Ca rt ' Porch/PatloA)eck None Encbsed Porch 1 Car Ca rt None -1 500 +1 750 None None +1 750 2 Car Ca ort None -2 500 +1 750 • Net Ad'ustment otal + - S -750 + - S 10 000 + - S 3500 Adjusted Sale Pdce of C ambles ~ Net Adj. 0.6 % Gross Ad'. 8.7 % S 134 150 Nat Adj. 7.8 % Gross Ad'. 8.6 % S 137 500 Net Adj. 2.6 % Gross Ad'. 7.0 % S 138400 - I did did riot research ate sate or transfer h isto Of ttte sub' t r and co ara ble sales. If not, lain M research did did not reveal for sales a transfers of the subject ro for the three ears dor to the ehective date of this a reisal. Data Sources Cumberland Cou Tax Records M research did did not reveal a rte sales or transfers Of the c rable sales for the ear rior to the date of sale of the co able sale. Data Soace s Cumberland Coun Tax Records R rt the resuhs of the research atd an sis of the da sale or transfer histo of the sub' t ro e and com arable sales re on addi8onal ria sales on 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date Of Pdor Sale/Trensfer None wdhin revious 2006 None within revious None within revaus Pace of Prior SaleJfrensfer 3 re 1.00 3 ors 3 ears Data Sources Courthouse Records Courthouse Records Courthouse Records Courthouse Records Ettectlve Date of Data Sources 05-11-09 05-11-09 05-11-09 05-11-09 Arta sis of rior sale or transfer hilt of the sub ect and co arable sales Com areble sale one was a transfer of title. Summa Of Sales Co rison oath The three com rable sales are conside d most similar to the sub'ect roe .All sales have similar u81' as that of the sub ed. Ad ustments were made to each cam arable sale for condilbn due to the fact that the ro is in need of some re ir. The realest ad ustments were made to account for ca rts and finished vs. rtial basements. Indiceted Value b Sales Co adson A roach S 136 000 Indk:ated Value : Salea Com n roach S 136000 Coat ch (if develo ) S Income roach if deveb S N/A -This appraisal is made ®'as is', ^ subjed to comple8on per pNans and spedfica8ons on the basis of a hypothetical corrdidon that the improvemerds have been completed, ^ subject to the fobvring repairs a ahere8ons on the basis of a hypothebcal conditlon tltat the repairs or aherations have been corpleted, or ^ subject to the • folbvri aired ins 'an based On the extreordina assu tan that the condition or deficietc does not wire ahaadon or re air. Based on a complete viand Inaoection of the intmfor and exterior area of the subJeet property, defined scope of work, stateyneyrt of aswmptiona end Ilmiting cortdftlona, and apprekrer'a ce ticaUon, my (our) opinion of the market value, ea defined, of the reel property that la the subect of thin report la 136 000 es of Ma 8 2009 whbh is the date Ot in On and the effective date of thin eel. Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL• appraisal sohware by a le mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report FM8 os-002G THIS IS A SUMMARY APPRAISAL REPORT COMPLETED IN ACCORDANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL APPRASAL PFtACT1CE. ,_ , .,. :} Provide oats irdamatlon fa the IerxlerlcNerd to licate the Debw cost ri hies and calcuations. Su fa the o lobo of site vahre summa of co arable land salless a other methods for estlmatin site vabe ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW Source of cost data OPINION OF SRE VALUE .............................................................. DWELLING S .FL $ .... ........ _$ ........ _$ . Oua rati from cost service Ettectlve date of cost data S .Ft. $ .-... _$ Commerds on Cost A roach ross Irvin area calculations reciatbn, etc. The st roach will enerall resuk in a reliable estimate of value 'd the bulldi is new or reasonab new and the im rovements reflect the hi hest and best use of the land. However when items of h ical Gare e/Ca S .Ft. $ .... Total Estimate of Cost-New .... Less Ph sical Functional bdemal - -~ _$ ........ _$ ........ =S de reciation must be estimated an area of'ud ement is involved which De reciation =S is sub'ect to error. The Cost roach was not utilized due to the a e of D reciated Cost of Inv rovemems ........................................... ......... =S the sub act. 'As-is' Value of Site I rovemems ........................................... ......... _$ Estimated Remainb Economic L'rfe HUD and VA o Years INDICATED VALUE BY COST APPROACH ........................................ =s ,._. ~ :-. _~ Estlnlated Mordh Market Rent $ NIA X Gross Rent Mufti liar N/A = $ N!A Indicated Value b Income A roach Summa of Income ch inckrdin su rt for market nerd and GRM The sub act is located in a rimaril residential si le fami area with minimal rents available to the a raiser. This a roach is deemed an unreliable indicator of value for the sub'ect ro <.,< Is the deveb rlbuilder in control of the Homeowners' Association OA 7 Yes No Unit e s [btached Attached ProWde the folbwin information for PUDs ONLY tl the dove egbrdlder is in control of the HOA and the sub act ro is an attached dwelGn unD. L al Name of Pro act ~ Total number of ases Total number of units Total number of units sold Total number of uNls rented Total member of units for sale Data source s - Was the 'act created b the conversion of epsti buildin s into a PUD7 Yes No fl Yes date of conversion. Does the ect contain a mufti-dwelin untls7 Yes No Data Source Are the untls, comrrlal elements, and recreation facilhies com late? Yes No If No, describe the status of com letion. • Are the corrrran elemerds leased to orb the Homeowners' Association? Yes No tl Yes descdbe the rental terms and o ions. Describe common eiemems and reaeational faciaries. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Fonn 1004 -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE urntorm Hesiaent~ai This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including 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. This 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. Mod'rfications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Mod'rfications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable 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. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFlNRION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under aA conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a spec'rfied date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4j payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or taw in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing ar concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's cert'rfication in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the tide to it, except for information that he or she became aware of during the research involved in pertorming this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the tRle. 2. The appraiser has provided a sketch in this appraisal report to show the appro>mate dimensions of the improvements. The 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 identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination, 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unappareM physical deficiencies or adverse conditions of the property (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 conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal repoR and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be pertormed in a professional manner. rreaaie mac roan ru marcn zuo5 Page 4 of 6 Fannie Mae Forrn 1004 March 2005 Fonn 1004 -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report ~.r os-0o2c APPRAISER'S CERTIFICATION: The Appraiser cert'rfies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I pertonned a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I idenfrfied and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Un'rform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property far a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area 12. I am aware of, and have access to, the necessary and appropriate public and private data 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 reliable 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 have noted in this appraisal report any adverse conditions (such as, but not limtted 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 pertomting this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and 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 and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibtted by law. 18. My employment and/or compensation for pertorming this appraisal or any future or anticipated appraisals was not condttioned 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 specfic 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 pertomtance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to pertorm 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 idenfrfied 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. Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL' appraisal software by a la mode, inc. -1-800•ALAMODE Uniform Residential Appraisal rtepor[ FdeM 21. The lender/clierrt may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; govemmeM sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's ('rf applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. ff this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as 'rf a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's cert'rfication. 2. 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 ceR'Ification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to pertorm this appraisal, and is acceptable to pertonn this appraisal under the applicable state law. 4. This appraisal report complies with the Unfform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as 'd a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER ,, Signature) ', - Name Wnn m n_.-.- Compan a e RSR Aporsisers 8 AnaNsts Company Address 3 Lemoyne Drive. Lemoyne. PA 17043 Telephone Number 717-763-1212 Email Address rlrothmanQtrsrrealtors corn Date of Signature and Report May 16.20os Effective Date of Appraisal May 8 Zoos State Certification # GA000303L or State license # or Other (describe) State # State PA Expiration Date of Certification or License 06/30/2011 ADDRESS OF PROPERTY APPRAISED 2 Stephen Rd Camp Hill PA 17011-1155 APPRAISED VALUE OF SUBJECT PROPERTY $ 136.000 LENDER/CLIENT Name Company Name Knuoa Law Offices, LLC Company Address 2 Stephen Road. Como HIII, PA 17011 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) 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 Freddie Mac Form 70 March 2005 Page 6 of 6 Fannie Mae Fonn 1004 March 2005 Form 1004 -'WinTOTAL' appraisal software by a h mode, inc. -1-800•ALAMODE Comparable Photo Page CNerd Krru Law Offices LLC 2 Ste hen Rd Cam Hill Cou Cumberland State PA de 17011-1155 Lender Knu Law Offices LLC Comparable 1 9 Dulles Drive East Prox to Subject 0.26 miles NE Sales Price 134,900 Grass Living Area 1,215 Total Rooms 7 ToMul Bedrooms 3 Total Bathrooms 1 Location Suburban Yew Average Site 0.19 acres Quality Average Age 40 Comparable 2 19 Dulles Drive West Prox to Subject 0.13 miles N Sales Price 127,500 Gross Living Area 1,215 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban View Average Site 0.20 acres Duality Average Age 49 Comparable S 10 Dulles Drive East Prox to Subject 0.26 miles NE Sales Price 134,900 Gross Living Area 1,215 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban Yew Average Site 0.32 acres Duality Average Age 49 Form PICPOCCR -'WinTOTAL• appraisal software by a b mode, inc. - i-800-ALAMODE Cunnlo,mnntAl Addendum FaP Na m-nmr; CpeM Krw Law Offices LLC Pro Address 2 Ste hen Rd Ci Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC • URAR :Adverse Environmental Conditions There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the properly. The appraiser has not been informed, nor has the appraiser any knowledge of the existence of any environmental or health impediment, 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. • URAR :Sales Comparison Analysis - Summary of Sales Comparison Approach Gross living area and tax assessment information for cemparebles was obtained from County Tax Assessment Records. All sales are considered to be reliable indicators of value, and are weighted similarly in the final reconciliation. Appropriate adjustments have been made for all differences. Comparable sales are all cased sales. It is noted that the sales chosen are considered to be the best available. All comparable sales are bceted in the same market area as the subject property and would be considered by the same perspective purchaser. SCOPE OF WORK: Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the dwelling. 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: Jeremy Heintzelman was the assistant to the PA State Certified General Appraiser and assisted with this report and 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 Curtency (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. rendered significant assistance in all aspects of its preparation and inspection. SPECIAL LIMITING CONDITIONS: This appraisal is not a home inspection and the appraisers' are not acting as home Inspector's when preparing the report. The borrower has the right to have the home inspected by a professional home inspector. When performing the inspection of this property, the appraisers visually observed areas that were readily accessible. The appraisers are not required to disturb or move anything that obstructs access or visibility. The inspection is not technically exhaustive. The inspection does not offer wurantes 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 the property is free of defects or environmental problems. The appraisers pertortns an inspection of visible and accessible areas only. Mold may be present in areas the appraisers cannot see. A professional home inspection or environmental inspection is recommended should the Gient have a concern. If the property is sold, this appraisal is subject to satisfactory inspection reports incuding, but not limited to: wood Infestation, radon, building inspections, etc. Supplemental Certifications: 1 certify that, This SUMMARY APPRAISAL REPORT was prepared by William F. Rothman, assisted by Jeremy Hefntzelman, Assistant to the PA Certified General Real Estate Appraiser for the exclusive use of (intended userlclient). The intended use of this appraisal report is for financing purposes. Estimated market value is the most probable price In terms of cash or in terms of financial arangements 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 decisbns made or actions taken based on this report. 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. - I 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 contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinon, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were devebped, and this report has been prepared, in conformity with the Uniform Standard of Professional Appraisal Practice. - William F. Rothman and Jeremy Heintzelman have made a personal inspection of the property that is the subject of this report. William F. Rothman PA State Certified General Real Estate Appraiser Certificate Number GA000303L Form TADD - NilinTOTAL' appraisal software by a la mode, inc. -1-t10aALAMODE Photograph Addendum Gerd Krw Law Offices LLC Pro Address 2 Ste hen Rd C~ Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC Commerrts: Commerds: Air conditioning unit in very poor corxikion. Roof in need of repair. Commends: Comments: Bulging sidewalk. Form PICFOUR -'WinTOTAI' appraisal software by a la mode, inc. -1.800-AUIMODE Location Map CfieM Knu Law Offices LLC Pro Address 2 Ste n Rd Ci Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC s y ; ~. ~ ~ ^v ~" ~^f -rx+ d (A I71OdE ~flC• 6 ~~ i c i 2'~ ~ }~~~ L ~~`tF¢SS x~ e ,~" m € ~ 3 ~F ~ I to-t ta.wa.wnrwrewamwr ~ ~ ~ ~ ~ b ~~' l~ '; '~`_ ~NhstEndd ~ t X ~ r ''4 ~~ "~ ~ ~ `ts # ~r ~ z ., /;~ E/1Qti y ; I ' y ti; ~t7 .ydt ~~~t ~ ~ - ~~ iiii~ 1111} , ~ ~ w ~ kh `'a ° T V '~i r ~~ ~. ~. ~ ~' t ,,, ~ 9. ~.t 2a t *ycl '~ N,,t - ~ ~ ~ ~ 'g ,ly ~ ~ y 'F %, ~ r ,, ~ ~ •,: ,.~ i ,~ Adams Rltci ~ "~~ Waal Fiirvliw d " k 'S Con+.wr,tty Park 1'" t_ ~'. ~- K~ t~r~ _ E \' ~~ ., .: ... ~n.. , ~,~ t5~, A pfnnatwro Panrnfnoro ~ s; . ~.~ ¢yt T ~a~P 7dwnahlp ,.. ,, i t t ~ ~~ Suaject~ ~~ ~ ~ `~,: w y =,. 2 ~tepMen Rd ~ ¢ s ~ t ~~~ ~' >f~ u ~ ~iq +, ~+ ` a E~r°~ w~'as° `~ ~~' dp °'~vt may. t-: ... , '~4 <: ' ~ ~ '~ ~~ ~ ~a ~.t4 d ~ ~~ '~` ' ¢ ~ ~ Ndy Sp{M t~ r„~o+tal ,~ . ~,.. Mkro.o/t' .. ChrlaWnl <.. ~$ ~~ $~ Q9 Virtual Earth' Qe ~ sboa.c ~ W4rtmorrrr i ~~;4»?~r.»5.a~rx'w o:~r+ Form MAP.LOC -'WmTOTAL' appraisal software by a la mode, inc. -1-80o-ALAMODE Copy of the Deed -Page 1 ,~q• ~ r«m~-,eoe ua~-.orwa. saae ~~ji~ ~eeb, MAI3ffi THffi „~ ~ -a.~ day of March lx the year of o~ Lord one tkouamnd+sine hiadrrd eighty-three (1983) BffiTWffiffiN RALPH E. RENDE and CAROL A. RENDE, his wife, of East Pennsboro Township, Cumberland County, Pennsylvania, parties of the first. part, and hereafter referred to as (rrantors and the said RALPH E. AENDB of East Pennsboro Township, Cumberland County, Pennsylvania, party of the second part, and hereafter referred to as frantre WITNffiB~TH, that In oonri~drmtior- of the sum of ONE.. ($1.00) DOLLAR ' AND .QTH~R GOODS' AAi'D VALUABLE CONSIDERATIONS-------------.------Dotfara, fi- hoard f~, tAr reeeiyt tuhrrool it hsrrby ~'~, tks Bald granter s do hrreby prank and aonvay to the said granter his heirs and assigns, ALL THAT CERTAIN tract or parcel of land with a residential dwelling and improvements constructed thereon situate in East Pennsboro Town- ship, Cumberland County, Pennsylvania, more particularly bounded and described as follows, to wit: BEGINNING at a point on the Southerly line of Stephen Road which point is 90 feet West of the Southwesterly corner of Stephen Road and Erford Road and at dividing line between Lots Nos. 1 and 2, Block "A", on the hereinafter mentioned Plan of Lots; THENCB along said dividing line South 12 degrees 53 minutes East 100 feet to a point at Northerly line of property now or late of Sundown Corp.; THENCE along same South 77 degrees 7 minutes West 75 feet to a point at•dividing line between Lots Nos. 2 and 3, Block "A", on said Plan; THENCE along said dividing line North l2 degrees 53 minutes West 100 feet to a point on the Southerly line of Stephen Road aforesaid; THENCE along same North 77 degrees 7 minutes East 75 feet to a point, the place of BEGINNING. BEING premises known as 2 Stephen Road. AND BEING Lot No. 2, Block "A", in Plan No. 1 of Ridley Park, which Plan is recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Book 11, Page 26. BEING the same premises which Ralph E. Rende by his deed dated June 29, 1977 and recorded in the Office of the Recorder of Deeds £oz Cumberland County, Pennsylvania, at Deed Book H, Volume 27, Page 273, granted and conveyed to Ralph E. Rende and Carol A. Rende, his wife, the Grantors herein. This is a conveyance between spouses. ~fi.w i• ..7 nM~x BllU~4J ?~i,Sf' ~~f6 Form SCNLGL - NVinTOTAI• appraisal software by a W mode, inc. -1-800-ALAMOOE Copy of the Deed -Page 2 And the avid pr,antors herby oovenemt asd apse that they wttt wary+ant generally tke praparty hereby oosveyed. 1N WITNESS WHNREOF, aadd praetors have hereunto aet their hands and aeafi t/u day and year first above written. _ ~~~~ ~~ ~ ~~ al E. R nde -~ F eeskmt of .__.--._.__...._ - ~~'(` p ttn~tlr A Carol A~Rende _ _-....-__.__ 1~~~ C~+-'~i.~t w~K•. Stets of Pennsylvania County of Cumberland ~~ On this, the 3J day of March , 1883 , before me, the uxdsraipned o(Jtcer, psmoreally appeared Ralph E. Rende and Carol A. Rende, his wife, Tmovrn to me (or satiafaotorily pmvan) to ba tks persons whose namte s are aubacribsd to the urdthin instrument, arcd acknowladped that they execated same for the purpgsee•tlrargjn oontainsd. r~,,,a q.Zy ~Ko, IN iblTNES3 WHEREOF, I herounto sat nay hand and o,~oiat asal ,~ '; yp'1x g jf U "= .......rGa , y, ,..r~' Notate l• o ~" ~ '° State Of '~ 1•--~ Lmnoynrr. ~ GoN IAN ~/ as. Mr commtsaro6. County of ~ Opr this, tht ~' ~ ~~ ,~- • ;~;~;~«r' day of /rte-t..c_.~-- , 19 P'9 , beJors Ana; the underaipned o~taer, personally appaarad _ C~~- ..~ -- bnoum to me (or aatiefaotorily proves) to bs the psraou whose Wane ~° within insbruntsnt, and aobnowkdped that ,ct~ exsoutsd sane for ~ . eontaireed. IN A'ITNESS WIiEREOF, T hereunto set ny hand and o~laiai seat. ~~. ° ~ ~x -~^ !'r•~arr ~: ~r:c;s Pu'wt' t7, t^nYR'~„ ~ ~••. J., do Aeraby oef'ttfy t the ~~ ~ ~~ ~ ' :~~ preo~ae reaideftoa iarat co~fa?eta post opine address of the wither named grantee is g (~ `n` r /. ~~~•~~ •.. t LAY, ~--~~•- r-I~-4'; P«-, i~G ~~ ~tw, ~{~18~~ Attorney fo+' -~tcs~:~"S.h.k..~..._. ...__ ~~ 4 • ~;~ p '~ ~ yam. 7Q., , Form SCNLOL -'WinTOTAL' appraisal saitware by a 0 made, inc. -1-800-ALAMOOE AFFIDAVIT OF REALTOR AND NOW comes W. Greg Rothman, RSR Realtors, Lemoyne Pennsylvania, and states the following under oath: My name is W. Greg Rothman. I am a Professional Realtor and I have made an inspection of the property known as 2 Stephen Road, East Pennsboro Township, Camp Hill, Cumberland County, Pennsylvania. I have had no personal interest in the property or the sale of the property and, based upon my inspection and a full appraisal report which I have .prepared and am ready to submit to the Court at an appropriate time, it is my professional opinion that the sum being offered for the property, $145,000.00, is a sum in excess of the property's current fair market value and is mare than could be obtained a public sale after the deduction of commission and expenses of such sale. COMMONWEALTH OF PENNSYLVANIA Cc<.~~erl : ss COUNTY OF I, W. GREG ROTHMAN, the person whose name is hereinabove mentioned, having been duly qualified according to law, do hereby acknowledge that the above statement is true and correct to the best of my knowledge and belief. ~~ W. Greg Ro hm Swom and subscrnibged to before me this day of 1 ut~, 2009. ~,,~ NOtar~SALTH OF PENNSYLVANIA Notarial Seal Remmari h~CDonaki, Notary Pt,~Gc Lemoyne Boro, Ctmberlarxi Cotrray INy Comm~ion Expires Nov.17, 2011 tiAemtxer, Pennsylvania Assodation of Notaries EXhiBfT ~ v/ CIIeM Knu Law Offices LLC Fil N . 09-002G Pro Address 2 Ste hen Rd Ci Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC Cover LetOer ...................................................................................................................................................................................................................... Summary of Salient Features ............................................................................................................................................................................................. 2 Subject Photos ................................................................................................................................................................................................................... 3 URAR ................................................................................................................................................................................................................................ 4 Compardde Photos 1.3 ..................................................................................................................................................................................................... 10 Su~lemental Addendum .................................................................................................................................................................................................. 11 Photograph Addendum ..................................................................................................................................................................................................... 12 Location Map ..................................................................................................................................................................................................................... 13 Copy of the Deed -Page 1 ................................................................................................................................................................................................ 14 Copy of the Deed -Page 2 ................................................................................................................................................................................................ 15 Fonn TOCP -'WinTOTAI' appraisal software by a W mode, Inc. -1-800-ALAMODE TABLE OF CONTENTS RSR Appraisers & Analysts 3 Lemoyne Drive Suite 100 Lemoyne, PA 17043 Robert Knupp Knupp Law Offices, LLC P.O. Box 630 407 North Front Street Harrisburg, PA 17108 Pursuant to your request, I have prepared a Summary Report for the property captioned in the "Summary of Salient Features" wh~h follows. The accompanying report is based on a site inspedion 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 value condusions stated herein are as of the date of inspedion as stated in the body of the appraisal and contingent upon the certifications and limiting conditions attached. We are acquainted with the value of real estate in the locality of such property, that we are not personally interested in the proposed sale, exchange or option, and that in our opinion the proposed consideration is more than can be obtained at public sale. Please contact me, if I can tx: of additional service to you. Respedfully, W. Greg Rothman PA Certified General Real Estate Appraiser Certificate Number GA001455L Form DCVR -'WinTOTAL' appraisal software by a b mode, inc. -1-800-ALAMODE SUMMARY OF SALIENT FEATURES Subject Address 2 Stephen Rd Legal Descdptan Deed Book 30C; Page 736 City Camp Hill County Cumberland State PA Lp Code 17011-1155 Census Tract 0102.02!3240 Map Reference 09-17-1042-117 Sak Price S Date of Sale Bortawer Lender/C~m Knupp Law Offices, LLC Size (Square Feet) 1.411 Price per Square Foot S Location Suburban Age 49 Condi0on Average Total Rooms 6 Bedrooms 3 Baths 1.5 Appraises W. Greg Rothman Date Ot Appraised Value May 8, 2008 Opinion of Value S 136,000 Fonn SSD2 -'WinTOTAI' appraisal so(lware by a la mode, inc. -1-800-AtAMODE Subject Photo Pago Client Knu Law Offices LLC Pro Address 2 Ste hen Rd C' Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC Subject Front 2 Stephen Rd Sales Price Gross Living Area 1,411 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban View Average Site 0.17 acres Duality Average Age 49 Subject Bear Subject Street Form PICPUCSR -'WinTOTAL' appraisal software by a la mode, inc. -1-t~ALAMODE Real Estate Appraisals (717) 315-7032 Uniform Residential A~ofdisal Reaart Fk# 09-oo2G The of dris sum a sisal r ort is to rovide the lender/diets with an accurate, and ad ua su or0ed, o inbn of the market vaYre of the sub'ed ro Pro Address 2 Ste hen Rd CI Cam Hill State PA ~ Code 17011-1155 geRO~,rp~ Owner of Public Recad Estate of Ral h Ronde Cou Cumberland L I Descd bon Deed Book 30C• P e 736 Assessor's Parcel # 09-17-1042-117 Tax Year 2009 R.E. Taxes S 1 822.00 N ' hborhocd Name Ridle Park Ma Reference 09-17-1042-117 Census Tred 0102.02/3240 Occu are Owner Tenant Vacant S ial Assessmeres S 0 PUD HOA S rear moreh ' Pro f;i hts reined Fee Si Leasehold Otirer describe Ass' mere T Purohase Trensactbn Refinance Tansaction Other describe S rtin an offer to urchase Lender Gerd Knu Law Offices LLC Address 2 Ste hen Road Cam Hill PA 17011 Is the sub c offered for sale a has h been offered for sale in the twelve morehs rior to the effective date of this a reisal7 Yes No R rt data sources used offerin rice s and dates . I ^ did ^ did not anatyze the contract for sale for the subject pachase transaction. Explain the results of the anaysis of the coreract for sale or why the anaysis was not ormed. : Contract Price S Date of Contract Is tl~ roe seper the owner of ubic record? Yes No Data Source s Is there arty financial assistance (ban charges, sale concessions, gift a downpaymere assistance, etc.) to be paid by any party on behalf of the borrower? ^ Yes ^ No d Yes re ort the total dollar amoure and describe the items to be id. Note: Ratoe end the racial com on of the ne boy ;. Locaticn~ Urban Suburban Rural Built-U Over 75% 25-75% Under 25% Growth d Stable Slow hood are not a refeal factore. T Pro Values increasl Stable DBCYre DemandlSu Shorts a In BaWnce Over Su I Marketi Time Under 3 mths 3-6 mths Over 8 mths Ortd'lMR PRICE AGE S 000 rs 82 Low 100 One-Unit 60 % 2-4 Unft 5 % Mufti-Fami 10 % N hborhood Boundaries Route 944 to the north• S uehanna River to the east• Route 581 to the south 192 Hi h 100 Commercial 15 % and west. 131 Prod. 50 Othef 10 % N ' hbortrocd Descd tion The sub'ect is located in a suburban area with eas access to schools sho i and em to ant. Commercial deveb mots fn the r>a hbortaod includes Co orate Center. Madret Conditions includin su rt fa the above conclusions The housi market in the bn has not mirrored the national econom .Due to h' her s and sbwi demand consumers are en'o ' a b er's market. The resence of the State Ca itol Dimensions 0.17 acres Area 0.17 acres Sha Recta ular View Avers e S dic Zoni Classification R-1 Zonin Descri lion Residential Si le Fami Zodn Com lance L L al Noncoreomtin Grendfathered Use No Zoni II al describe Is the hi hest and best use of sub' t as im roved a as o osed r Wns and s eciiicatans the resere use? Yes No g No, describe Uditlee Public gher deecribe Publfe Other dearGte Off-sRel rovemerea-T Public PrivaU Electric Water Street Macadam Gas Sanity Sewer Alle N!A FEMA S cite Flood Harard Area Yes No FEMA Fbod Zone C FEMA Ma # 42041C0118E FEMA Ma Date 3/16/2009 Are the utilities and off-site im emeres ical for the market areal Yes No H No, describe Are there an adverse site conditions or external factors easements, encroachnreres, environmental conditions, land uses, etc.1 Yes No tt Yes, descdbe None noted at the Ume of ins ectbn.. The a raiser is not an a ort in environmental matters. .,~f, _~ Units One One with Accesso Urkt # of Stories 1 T Det Aft S•DetJEnd Unit Erdstin Pro sod Under Const. Desi N RarteFr Year Built 1960 ~; ' Concrete Slab Crawl S ace FuG Basemere Partial Basement Basement Area 620 s .tt. Basemerd Hrish 0 % Outside E (Exit Sum Pum Evidence of Ireestation EXtedOr ptt hrtefi0r ,; . Foundation Wats BbcklAvera a Fbors HW/CPT/CTIAVG. Extarior WaGs BrickNin Averse WaGs D IUPaneVAVG. Rooi Surface Shi les/Poor TrinVRnish W D/PaintedlAVG. Gutters 8 Downs outs Aluminum/Ave a Bath Fbor CT/AVG. Wirxfow T Vin Dbl. H A Bath Wainscot FB.GLSIAVG. Stonn SasMrtsulated Double Pane Car Story a None Effectlve A rs 20 A1Gc None Dro Stair Stairs Fbor Scuttle Da ness Settlemere Heati FWA HWBB Radiant Other Fuel Coogn Cererel Air Condilioni Screens Yes Drivew # of Cars 3 Amerdties Woodstove s # Drivewa Surface As haft R laces # Fence RR Yard Gars e # of Cars PatiolDeck Porch Encbsed Ca ort # of Cars Rreshed Heated Individual Omar Pod Other Att. Det. Bruk•in A lances Refd orator Ran e/Oven Dishwasher Dis osal Microwave WasharlD er OVrer describe Fnished area above redo coreains: 6 Rooms 3 Bedrooms 1.5 Baths 1 411 S uare Feet of Gross Livin Area Above Grade . Additional features s ial en efficiere items etc. . • Describe the condition of the ro irtcludin needed re airs deterioration renovations remodein etc.. Pro a im rovements are ical of the ne' hborhood. A ro ins action rovided b Home S ec Ins ions in of 2008 revealed ma'or defects. The fbor around the master bathroom toilet is rotted the roof is in need of re air the AJC unit is at the end of its useful life ve or condebn and the sidewalk is b i Are ffrere sical deficiencies or adverse conditions that affect tiro livabi ,soundness or strudaal Int of the ro 7 Yes No A Yes, describe Does the eneral cadorm to the nd hborhood unctional util' e, condtion, use, conswdion, etc. 7 Yes No g No, describe Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004-'WinTOTAI' appraisal software by a b made, inc. -1.800-ALAMODE Uniform Residential Aonraisal Reo~rt ~., ~~ ~„~,. There are 2 w cable ro es cu offered fa sale in the subject nei hborlaad ra t in rice from E 142 900 to E 184 900 Ttrere are 12 ble sales in the sub' nei wiOdn the ast twelve momhs rani in sale 'ce from E 127 500 to E 184 800 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 2 Stephen Rd Cam Hill PA 17011-1155 9 Dulles Drive East Cam Hill PA 19 Dulles Drive West Cam Hill PA 10 Dulles Drive East Cam Hill PA Prordm t0 Sub'ect 0.26 miles NE 0.13 miles N 0.26 miles NE Sale Price S >; 134 900 S 127.500 1 _--- S 134 900 Sale Price/Gross LN. Area Data Soace s E s .rt. S 111.03 s .h. MLS/Courthouse Records E 104.94 s .ft. MLS/Courthouse E 111.0 s .ft. Records MLS/Courttrouse Records Verifka8on Source 5 M S MLS MLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - S Ad'ustment DESCRIPTION + - E Ad'ustmerd DESCRIPTION + • S Ad"ustmeM Sales a Rrrancirrg Concessbrls Conventional Conventional Conventional Date of Sale/Time June 20 2007 Dec. 5 2008 Jan. 7 2009 LocaOon LtraseholdlFee Sim k Suburban Fee Sim I Suburban Fee im le Suburban Fee Sim le Suburban Fee Sim le Site 0.17 acres 0.19 acres 0.20 acres 0.32 acres View Averse Averse Averse Aver Desi n S H Ranch Ranch Ranch Ranch D ofConstrucOon Aver Ave Avers Avers e Aclual A Condition 49 Averse 40 Aver -500 49 Aver -500 49 Aver -,500 Above Grade Tohdl Bdrms. Baths Total Bdrms. Baths Trial Bdrms. Baths Tarsi Bdrms. Badrs Roan Courd 6 3 1.5 7 1 -500 6 3 1.5 5 3 1.5 +1 000 Gross Liv Area 1 411 s .ft. 1 215 S .ft. +2 500 1 215 .h. +2 250 1 215 s .ft. +2 500 Basement 8 Rnlshed Rooms Bebw Grade Partial Craw Untinished Full Unfinished -3,750 None 0 +3,750 Partial Crew Unfinished Porrctlonal UOF . Hats odi T ical Market Gas FlCAC T ical Market Gas FlCAC T iql Market GasNVall UnRs +1 500 T ical Market Gas FlCAC E EfflcieMltems ' Gard C rt - a lac. Wind. None None ed 1 Car Ca ort +1 250 -1 500 None noted None +1 250 None noted 2 Car Ca rt +1 50 -2 500 Porc eck Enclosed Porch None +1 750 None +1 750 None +1 7 • Net Ad'usimerrt otal + - E -750 + - E 10 000 + - E 3 500 Adjusted Sale Price Net Adj. 0.8 % Net Adj. 7.8 % Net Adj. 2.6 % of C scabies :Gross Ad'. 8.7 % E 134 150 Gross Ad'. 8.8 % E 137 500 Gross Ad'. 7.0 % E 138 400 - I did did not researoh the sale or transfer hist of the subject and com arable sales. H not, in research did did not revel a ria sales or transfers of the subject for the three ears rior to the eHecOve date of this sisal. Data Sources Cumberland Cotm Tax Records research did tlid not revel a rwr sales a transfers of the com arable sales for the ear rbr to the date of sale of the co cable sale. Data Soace s Cumberland Coun Tax Records Ore resells of the resarch and an sis of the 'or sale or transfer histo of Ore sub' roe and com able sales re ort additlonal da sales on 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/lYansfer N ne wafrin revious 2 None within revbus None wthin revious Price of Prior Saia/Transfer 3 acs 1.00 3 rs 3 re Data Sarc s Courthouse Records Courthouse Records Courthouse Records Courthouse Records Effective Date of Data Sources 05-11-09 OS-11-09 05-11-09 05-11-09 Amd sis of rior sale or transfer hilt of the subject ro and com arable sales C m arable sale one was a transfer of title. Surtma of Sales Com arison A roach The three com arable sales are considered most similar to the sub'ect roe .All sales have similar trtili as that of the sub'ect. Ad'ustments were made to each com arable sale for condltbn due to the fact that the roe is in need of some re air. The realest ad'ustments remade to account for ca orts and finished vs, artial basements. Indcated Value b Sales Co rison A roach E 136 000 bldlcabd Value .Sales Com roach; 136 000 Coat A roach H dveel ) E Income roach (H deveb E N/A - This appraisal is made ®'as is', ^ subject b completion per plans and specifications on Ore basis of a hypotheOcal condition that the improvements have been compbted, ^ subject to the fobwlnp repairs a alterations on the basis of a hypoOreOcel condition Owl the repairs or alteratons have been completed, or ^ subject to the • fob ' re Bred in on based on Ore extraordina assu tbn that the condition or delicienc does rrot airs alteration or re "r. Bred on a complete visual In~ion of the Interior and exterior areas of the subject prop~ty, defined scope of work, statement of asaumptkxla and limiting condltlona, and apprataer'a ce on, my (our) op&Ibn of Ole market value, as defkted, o} @te real property that is the subject of this report is S 136 000 as of Ma 8 2009 which is the date of In Ion and the effective date of this a isal. rreaare mac corm ru March zo05 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'Win70TAL' appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report f~~ os-oDZc THIS IS A SUMMARY APPRAISAL REPORT COMPLETED IN ACCORDANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE. • . , ; ,._, . , f~f3! TD YAtll~ rrot " il~fut~e Mee Provide a uate information fa the lender/cAent to licate the bebw cost fi ores and calci~atbns. Su fa the o anion of sde value surrxna of c rable land sales or other methods for estimatin she vabe ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPIMON OF SRE VALUE .............................................................. ........ =S . Source of cost data DWELLWG .R. S .... =S • Oua rata from cost service Effective date of cost data .Ft. S ....... =5 Comments on Cost A roach rocs Irvin area calculations d reciatbn etc. The Cost roach will enerall resuh in a reliable estlmate of vahie H the buikli is new or reasonab new and the im rovements reflect the hi hest and best use of the land. H ver when items of h ical -~-- Gare Ca .Ft. S -... Total Estimate Of Cost-New Less sical functional E>Qemal -----~~~ =S ........ =S _...-... =S de reciation must be estimated an area of ud ment is involved wNch reciation =S is sub act to error. The Cost roach was rat utilized due to the of reCiated Cost of I rovemerds ........................................... ......... =S the sub act. 'As-is' Value of Site 1 ravemems ........................................... ......... =S Estimated Remainin Economic L'rfe HUD and VA o I Years INDICATED VALUE BY CAST APPROACH ................................... .......... =f ~,' ,;' : TbVAId~ r1Dt Estimated Momh Madtet Rent 5 NIA X Gross Rerd Mufti liar N/A = S NIA Indicated Value b Income A roach Summa of Income roach includin su ort for market rent and GRM The sub'ect is located in a rimari residential si le fami area with minimal rents available to the a raiser. This a roach is deemed an unreliable indicator of value for the sub'ed ro Ff1R PIllk Is the devd r wilder in control of the Homeowners' Association HOA 7 Yes No Unti e s Detached Attached Provide the folbwin information fa PUDs ONLY ff the dev eUblilder is in control of the HOA and the sub act ro is an attached dwelfn unit. L I Name of Pro act ~ Total number of hoses Total number of udts Total number of units sold Total number of units rerded Total number of units for sale Data source s - Was the 'edt created b the conversion of epstin buibin s into a PUD7 Yes No H Yes date of conversion. Does tle ~ect contain a multi-dwel' units? Yes No Data Source Are the units Gorman elerrerds and recreation facNities com Ide7 Yes No ti No, descdbe the status of co letan. Are the common elentrxlts leased to a b the Homeowners' Association? Yes No fi Yes descdbe the rental terms and o 'ons. Desaibe comnan elements and recreatlonal fadtities. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL' appraisal software by a W mode, inc. -1-800•ALAMODE unirorm nesiaentiai This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit including a unft in a planned unft 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. This appraisal report is subject to the following scope of work, intended use, intended user, defintion of market value, statement of assumptions and limiting conditions, and cert'rficafions. Mod'rfications, additions, or deletions to the intended use, inrtended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modffications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting 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 inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable 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. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFlNRION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a spec'rfied date and the passing of title from seller to buyer under condkions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable fime is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated wfth the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily ident'rfiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or Vansaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based en the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's cert'rfication in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The 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 iderdified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in pertorming the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (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 conditions and makes na guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or ateretions on the assumption that the completion, repairs, or alterations of the subject property will be pertomted in a professional manner. rreaaie mac roan ru Marcn Zu05 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAI' appraisal software try a la mode, Inc. -1-800-ALAMODE Uniform Residential 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 this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, spec'dic terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Un'itorm Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are lacationally, physically, and functionally the most similar to the subject properly. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data 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 reliable 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 have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limning conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any 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 speciitic 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 pertormance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to pertorm 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. Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WInTOTAL' appraisal software by a la mode, Inc. -1-800-ALAMODE Uniform Residential 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or fts successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as 'rf a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's cert'rfication. 2. 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 cert'rfication. 3. The appraiser identdied in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Un'rform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal repoR containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as 'rf a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Signature Name w Greg an Company Name RSR Appraisers 8 Analysts Company Address 3 Lemoyne Drive. Lemovne. PA 17043 Telephone Number 717-763-1212 Email Address grothmanddlrsrrealtors.com Date of Signature and Report Mev 1s. 2009 Effective Date of Appraisal Mav 8.2009 State Certification # GA001455L or State License # or Other (describe) State # State PA Expiration Date of Certification or License 06!30/2011 ADDRESS OF PROPERTY APPRAISED 2 Stephen Rd Camp Hill. PA 17011-1155 APPRAISED VALUE OF SUBJECT PROPERTY$ 136.000 LENDER/CLIENT SUPERVISORY APPRAISER (ONLY IF REQUIRED) 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 Name COMPARABLE SALES Company Name Knupp Law Offices. LLC Company Address 2 Stephen Road. Camp Hill. PA 17011 ^ Did not inspect exterior Of comparable sales from street ^ Did inspect exterior of comparable sales from street Email Address Date of Inspection Freddie Mac Form 70 March 2005 Page 6 of 6 Fannie Mae Form 1004 March 2005 Farts 1004 -'WInTOTAL' appraisal software by a W mode, inc. -1-800•ALAMOOE Comparable Photo Page Gerd Knu Law Offices LLC 2 Ste hen Rd i Cam Hill Cou Cumberland State PA D C 17011-1155 Lender Knu Law Offices LLC Comparable 1 9 Dulles Drive East Prox to Subject 0.26 miles NE Sales Price 134,900 Gross Living Area 1,215 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 1 Location Suburban Yew Average She 0.19 acres Quality Average Age 40 Comparable 2 19 Dulles Drive West Prox to Subject 0.13 miles N Sales Price 127,500 Gross Living Area 1,215 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban Yew Average Site 0.20 acres Duality Average Age 49 Comparable S 1o Duues Drive East Prox to Subject 0.26 miles NE Sales Price 134,900 Gross Living Area 1,215 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban Yew Average Site 0.32 acres Dualtty Average Age 49 Fam PICPDLCR -'WinTOTAL' apprefsal software by a 9 mode, inc. -1-80fl-ALAMODE Sunolemental Addendum File No. ns.nmr Client Krw Law Offices LLC Pro Address 2 Ste hen Rd C Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC • URAR :Adverse Environmental Conditions 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 impediment, 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. • URAR :Sales Comparison Analysis - Summary of Sales Comparison Approach Gross living area and tax assessment information for comparebles was obtained from County Tax Assessment Rewrds. All sales are considered to be reliable indicators of value, and are weighted similarly in the final reconciliation. Appropriate adjustments have been made for ail differences. Comparable sales are all cased sales. It is noted that the sales chosen are conskfered to be the best available. All comparable sales are boated in the same market area as the subject property and would be considered by the same perspective purchaser. SCOPE OF WORK: Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the dwelling. Review of the County Public Record data and Multi-List, Inc. records. Review the county tax map online infortnatlon, county tax map, zoning, and FEMA flood maps. Verifying, the comparable sales with broker, agent, seller or buyer. Note: Jeremy Heintzelman was the assistant to the PA State Certified General Appraiser and assisted with this report and 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 definitbn is also referenced in regulations jointry published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. rendered signficant assistance in all aspects of Its preparation and inspection. SPECIAL LIMITING CONDITIONS: This appreisal is not a home inspection and the appraisers' are not acting as home inspectors when preparing the report. The borrower has the right to have the home inspected by a professional home inspector. When pertortning the inspection of this property, the appraisers visually observed areas that were readily accessible. The appraisers are not required to disturb or move anything that obstructs access or visibility. The inspection is not technically exhaustive. The inspection does not offer warranties or guarantees of any kind. The appraisers are not home or environmental inspector's. The appraisers provide an opinion of value. The appraisal does not guarentee that the property is free of defects or environmental problems. The appraisers performs an inspection of visible and accessible areas only. Mold may be present in areas the appraisers cannot see. A professional home inspection or environmental inspection is recommended should the client have a concern. If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood infestation, radon, building Inspections, etc. Supplemental Certifications: I certify that, This SUMMARY APPRAISAL REPORT was prepared by William F. Rothman, assisted by Jeremy Heintzelman, Assistant to the PA Certified General Real Estate Appraiser for the exclusive use of (intended userlclient). The intended use of this appraisal report is for financing purposes. Estimated market value is 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 appraisers best Judgment in light of the informaton 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 parry. 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 report. 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. - I 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 contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinon, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Unfform Standard of Professional Appraisal Practice. - William F. Rothman and Jeremy Heintzelman have made a personal inspection of the property that is the subject of this report. W. Greg Rothman PA State Certified General Real Estate Appraiser Form TADD -'WinTOTAL' appraisal software by a la mode, inc. -1.800-ALAMODE Photograph Addendum Clierd Knu Law Offices LLC Pro Address 2 Ste hen Rd Ci Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC CommeMS: Commerds: Air conditbning unit in very poor condition. Roof in need of repair. Commerds: Commems: Bulging sidewaYc. Form PICFOUR -'VYnTOTAL' appraisal software by a la mode, inc. -1-800-AI.AMODE Location Map Gerd Knu Law Offices LLC Pro Address 2 Ste hen Rd C' Cam Hill Cou Cumberland State PA L Code 17011-1155 Lender Knu Law Offices LLC r r 7„ewaurew utlll ka`nelopr ~ r ~ k " } ! r ~~ }.~ y ~W~atffngla .~44~ ~ t k 'Y pp ~ ~ ~ ° t kt ~ ~ ~' r.~; qr~„ c"vj~. ~{t ~ _. ~s.~~' 1 ;'F~: -~ Y1 ~IfOli ~ f ~ F ~ `k { ~ yrA:~ ~ 7tp i ~ ~ t { y. .HYw" ~~ i ~ ~ ~t- 3r y, K,.~.G ~A y 4 ~ Q ~1n ~~ i ~u~ y F~ ~~~~Gj f ~^ +y ~n ~~ 7 ' ~ .i i v`S'` 7 ~ Y. ~~~ ~ ~~ ~. ~ ~ j ~. ~ ~ 2 ~ : h ~Y 1 "y ~ 11"~ Ems. ~~ I S ` l {~ 1' ' ry t ~ ~~°.a a ~ 5 . •~} i4 ~ ~' Adaras Rita , 'n Y 15 `~ ~ Camw,unky Psrk - YIhN Falrvhvr ~ ~ t~~ wpa ~ 3 S7 ~ ~`'~3 ~ ~ 4 y r _. ~i ~ ~ .lr~. East Pannsboro East Penns boro ~. ~-.'-S ~ S Township Towmhip `- ' F .Park Park '-~. - . ~_h #F ~~ ~~ ~~. ~, ~, „~ ~Y Subject '' x 2 Stephen Rd a , ~ ~ 4 ~ ~„ ~ '~ ~~~'ti s ,~ ,, , ~~af,7~1 G ~ :}~i. ~ yy III 1s't \ \, i ~~ ~ Q .~` ~,,a E~z°°` ,° -~ o ~~, 74 Q ; ~E=~ ~sQ ,,.. ,,~ P QA ' ,R;ttL!• ~ '~ ,y, ;,y off'' ~ ~ s ~ ~ CJ~ Y 1jj Q _ _ ritspnak ~ ' chrlsUan ~ ~ ~ S00yds ~, , vm f~E~rtr,- - k+ gar ~: , s~~:~o.,~,-a~:.~. ~~:;r-:,~ r. Form MAP.LOC -'WinTOTAI' appraisal software by a la mode, inc. -1-800-ALAMODE Copy of the Deed -Page 1 ~~ ~ e~orl~-,tee ue.-.Data. awes ~fji~ 3~eeb, BADE q~gN ,3 I ~ dM1 of March +~ ~ ~' of oxr Lord ose f~iousa~d+tiisl-s h~snd*ed eighty-three (1983) BN'1'WNEN RALPH E. RENDE and CAROL A. RENDE, his wife, of East Pennsboro Township, Cumberland County, Pennsylvania, parties of the first part, and hereafter referred to as Q+ueto+'s , and the said RALPH E. RENDE of East Pennsboro Township, Cumberland County, Pennsylvania, party of the second part, and hereafter referred to as Creates WITN]sSSNTB, that in oonaideration of the sum of ONE. ($1.00) DOLLAR ' AND .QTR GOODS' Atvro VALUABLE CO>YSIDERATION5-------------------Doi(ara, i» head Pfd, tJte +'ecei9t mhsreol fa hereby aokiwwledped, the aaid proattor s do hereby prom aa-d oo~euey it- the said pf^~a his heirs and assigns, ALL THAT CBRTAIN tract or parcel of land with a residential dwelling and improvements constructed thereon situate in East Pennsboro Town- ship, Cumberland County, Pennsylvania, more particularly bounded and described as follows, to wit: BEGINNING at a point on the Southerly line of Stephen Road which point is 90 feet West of the Southwesterly corner of Stephen Road and Erford Road and at dividing line between Lots Nos. 1 and 2, Block "A", on the hereinafter mentioned Plan of Lots; THENCE along said dividing line South 1Z degrees 53 minutes East 100 feet to a point at Northerly line of property now ar late of Sundown Corp.; THENCE along same South 77 degrees 7 minutes West 75 feet to a. point at dividing line between Lots Nos. Z and 3, Block "A", on said Plan; THENCE along said dividing line North 12 degrees 53 minutes West 100 feet to a point on the Southerly line of Stephen Road aforesaid; THENCE along same North 77 degrees 7 minutes East 75 feet to a point, the place of BEGINNING. BEING premises known as 2 Stephen Road. AND BEING Lot No. 2, Block "A", in Plan No. 1 of Ridley Park, which Plan is recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Plan Book 11, Page 26. BEING the same premises which Ralph E. Rends by his deed dated June 29, 1977 and recorded in the Office of the Recorder of Deeds for Cumberland County, Pennsylvania, at Deed Book H, Volume 27, Page 273, granted and conveyed to Ralph E. Rends and .Carol A. Rends, his wife, the Grantors herein. This is a conveyance between spouses. ~:aUaneF ur u.t~F B~U~4J 7,{~C lt~l7 L i FOrttl SGNLtiL - "YYlfl lu IpL- a{t{nalsal aateaia uy a w u.wa. ~~~~. - •-...... ••~-....--- Copy of the Deed -Page 2 And the said moors hereby eoven~aat and¢prae that they .~ ~ generally the property hereby ooxveyed. IN WITIJESS WS~REOF, a9dd praetors have hereras0o ee! their hands and seek the day and yemr Herat above written. I d .- .__..._ D Po eoeui. _.~._.._._._. `° °' cct $igtttb, $taftb ana ~tf a1 E. R nde - ~ t egerrcc of _ _ ` / _r.. C ~l f ~/ ~ f~ . ~~~~ _ -:........__. ~''~~~~Carol A. Rend + ~~ Lt.ol -....._..._...._..r._.. _._...._.. _...__...._...... State of Pennsylvania ~u Coeenby of Cumberland On this, the 3) n'f' day o/ March , 1883 , before me, the underaipned o,~oer, peraoteally ag-peared Ralph E. Rende and Carol A. Rende, his wife, hnowa to me (or satisfaetortly proven) to bs the persons whose names are subscribed to the wit~hire i+trtrument, and aahawwltdped that they executed assns for the pwrpoaea IN S~ITA1~33 WSSREOF, i hsrsraeto eat mt+ hand and o${foial~e~}a_l.~ ~ ` ~~~1a g j~A`t ~ ., tnm - -~~~~`, may' State of ._e~.~~-`-.-..,..,.._: temom.,'t cow. ~~„•~. sa. My Canmiteibit: ~ tkia, the ~ r •~-' day of ~ yr~..e~-.. ~~.- , 19 ~3 ,~ »ie; the undsrs{pnad o~tcer, peraoreaitry appeared _~'~-",tom '~ r'.~..'.°`-". buown to me (or aateafaotorily proven) fo ba the parson whose name ~° , . 'Gykl. ..,. witRia ~eadrument, snot aebnowkdped that ,ct-~- exseuted awns for `~; ~ ~'. j COnta{lted. ,a~ ~ ~r G • i IN WITN sIt4S iP8Elill•OF, I hsreremto set my Aan~at w,-~uiJO~tsial aea~ ~!.i w~,° ~ y ~ ~ _ ,~~y _'~' • , K , n: _~ 4}.xsnia`.c u+tir~ei:Au?u# tK, 199 - iiax~.u,T. ~'~ Geus6h Cw ti ' do hereby certify t, the precise residence and compTsts post office address of tke witTttn na+>aed prafetse is z ~,'~Z t •' %' Attorney for ~~.:.~ t...~..._......_......_ aoa><L,...~U P„~~ '737 Form sCNL6t -'Wm Iu Int' aparaisai smiware oy a w mwa, nw. - ,-«~~~„•.~,,.. CERTIFICATE OF SERVICE I hereby certify that a true and correct copy of the within Petition to Permit Purchase of Real Estate by Personal Representative was served on the following persons on the ~~ day of , 2009. Mark A. Rende 64 Meadowbrook Ct. New Cumberland, PA 17070-2511 Christina M. Fink 1810 Poplar Ridge Ln. Dauphin, PA 17018 Edmund Berger, Esquire Berger Law Firm, P.C. 2104 Market Street Camp Hill, PA 17011 Ralph A. Rende 2 York Road New Cumberland, PA 17070 Robert L. Knupp PO Box 630 407 North Front Street Harrisburg, PA 17108 (717) 238-7151 /yl - r