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HomeMy WebLinkAbout07-27-09_..I 15056041169 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO Box 280601 INHERITANCE TAX RETURN Harrisburg, PA 17128-0601 RESIDENT DECEDENT ~ ~ Qt, d1~~ ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 180-16-6795 06272008 12041923 Decedent's Last Name Suffix Decedent's First Name MI PAXTON DALLAS J (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL INAPPROPRIATE BOXES BELOW THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required death after 12-12-82) 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number ARLENE FRAKER 717-776-3396 Firm Name (If Applicable) First line of address 1861 WALNUT BOTTOM ROAD Second line of address City or Post Office State ZIP Code NEWVILLE PA 17241 REGISTER OF WILLS USE ONLY r-~ l,. ~ ...~:D ... ,r c_. - -:[7 ~..._ ; - r ,: ;-~ ~ r,~, =- ;, ~_ - - r-, ". ~ ~ ~. i `:-D FILED __ . ~-~ _ ---1 - - ,.rl _t .~ r Correspondent's a-mail address: Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, It is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNAT~ OFy9ERSON RESPOt~SiBLE FOR FILING RETURN DATE 7-2Q-09 ADDRESS -_ 1861 WALNUT BOTTOM ROAD NEWVILLE, PA 17241 SIGNATURE O,% PREPARER OTHER THAN REPRESENTATIVE ADDRES 81 ARCH STREET PALMYRA PA 17078 7-15-09 USE ORIGINAL FORM ONLY Side 1 1,5056041169 15056041169 ~~ 15056042160 REV-1500 EX Decedent's Social Security Number Decedent's Name: DALLAS J PAXTON 18 0 -16 - 6 7 9 5 RECAPITULATION 1. Real estate {Schedule A) ............................................. 1. 2. Stocks and Bonds (Schedule B) ........................................ 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 130,000.00 3,479.36 4. Mortgages & Notes Receivable (Schedule D) ......................... .... 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) .... ... , 5. 18 5 , 5 61.0 6 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested ... ... , 6. 51 , 0 8 5 . 0 0 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested ... .... 7. 4 6 , 7 21.0 0 8. Total Gross Assets (total Lines 1 - 7) ............................... .... 8. 416 , 8 4 6 . 4 2 9. Funeral Expenses & Administrative Costs (Schedule H) ................. .... 9. 12 , 17 9 . 0 0 10. Debts of pecedent, Mortgage Liabilities, & Liens (Schedule I) ............ ... 10. 1 , 7 2 6 . 8 4 11. Total Deductions (total Lines 9 & 10} ............................... ... 11. 13 , 9 0 5 . 8 4 12. Net Value of Estate (Line 8 minus Line 11) ........................... ... 12. 4 0 2 , 9 4 0 . 5 8 13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been made (Schedule J) ..................... ... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ..................... ... 14. 4 0 2 , 9 4 0 . 5 8 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 15. 16. Amount of Line 14 taxable at lineal rate x .04 5 4 0 2, 9 4 0. 5 8 1 g 18 , 13 2. 3 3 17. Amount of Line 14 taxable at sibling rate x .12 17, 18. Amount of Line 14 taxable at collateral rate x .15 1 g, 19. TAX DUE ........................................................ 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 18,132.33 Side 2 151J5604216^ 1505642160 REV-1500 EX Page 3 Decedent's Complete Address: File Number 2 0 0 8- 0 0 7 2 2 DECEDENT`S NAME DALLAS J PAXTON STREETADDRESS 8 KENWOOD AVENUE CITY CARLISLE STATE PA ZIP 17013 Tax Payments and Credits: 1, Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 18, 132.33 Total Credits (A + B + C) (2) 0.00 0.00 18,132.33 18,132.33 3. InterestfPenalty if applicable D. Interest E Penalty Total Inlerest/Penalty {D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. {4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. {5B) Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ........................................ .. ^ X^ b. retain the right to designate who shall use the property transferred or its income : ............. . .... .. ^ c. retain a reversionary interest; or ....................................................... .. ^ d. receive the promise for life of either payments, benefits or care? ......... . .................... .. ^ 2. If death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................. .. ^ 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ... .. ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................... . ....... . ........... .. ® ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116{a)(1.1.)(i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116(a)(1.1)(ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Arlene Fraker 1861 Walnut Bottom Road Newville, PA 17241 RE: Dallas J Paxton Estate Rev - 1500 Inheritance Tax Return To Whom It May Concern: I realize the Rev-1500 Inheritance Tax Return is being filed almost four months late. I am the executrix of my father`s estate and have been having medical issues. I am asking for forgiveness of any penalties or interest that may be charged for the inheritance tax return being filed late. Since my father has died I have been in the Penn State Hershey Medical Center for 2 weeks and in the Carlisle Hospital for 6 weeks. I am being treated for a bone infection and Diabetes. I have had to spend a lot of time getting treatments for my ailments, including hypobaric chamber treatments. I am also staying with my daughter while I finish my recovery, which has delayed me receiving some of my father's mail. Again, I know the Rev-1500 Inheritance Tax Return is being filed late and I am requesting forgiveness of any penalties or interest that may be charged. if any additional information is needed, please contact me. Sin erely, } Arlene Fraker REV-1502 EX+ (11-08) ~1 pennsylvania SCHEDULE A ~ DEPARTMENT OF REVENUE REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Dallas Paxton Estate 2008-00722 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. If more space is needed, insert additional sheets of the same size. REV-1503 EX+ (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Dallas Paxton Estate 2008-00722 All property jointly•owned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) REV-1508 EX+ (6-98j SCHEDULE E CASH, BANK DEPOSITS, & MISC. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Dallas Paxton Estate 2008-00722 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 PNC BANK - ACCOUNT # 50-0096-9885 8,530.95 PREMIUM PLAN ACCOUNT 2 MEMBERS FIRST FEDERAL CREDIT UNION 1,676.00 CHECKING ACCOUNT - # 12546-11 3 MEMBERS FIRST FEDERAL CREDIT UNION 82,494.70 MONEY MANAGEMENT ACCOUNT - # 12546-05 4 MEMBERS FIRST FEDERAL CREDIT UNION 2,199.52 SAVINGS ACCOUNT - # 12546-00 5 MEMBERS FIRST FEDERAL CREDIT UNION 4,000.00 LIFE SAVINGS ACCOUNT - ## 12546-04 6 ORRSTTOWN BANK - ACCOUNT # 146000955 82,262.61 CHECKING ACCOUNT 7 FORETHOUGHT - PREPAID FUNERAL 4,397.28 TOTAL {Also enter online 5, Recapitulation) $ 18 5 , 5 61.0 6 (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Dallas Paxton Estate FILE NUMBER 2008-00722 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINTTENANT(S) NAME ADDRESS RELATIONSHIPTO DECEDENT A. RICKY L PAXTON 401 HEISERS LANE SON CARLISLE, PA 17015 B C. JOINTLY-OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTiTUT10NAND BANKACCOUN7 NUMBER OR SIMILAR IDENTIFYING NUMBER.ATTACH DEED FOR JOINTLY-HELD REALESTATE. DATE OF DEATH VALUE OF ASSET %OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTEREST ~. A. 09/20/71 MEMBERS FIRST FEDERAL CREDIT UNIO 102,170 50 51,085.00 CERTIFICATE OF DEPOSIT # 12546-41 TOTAL (Also enter on line ti, Recapitulation) $ 51 , 0 8 5 . 0 0 (If more space is needed, insert additional sheets of the same size) REV-1510 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G ENTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF Dallas Paxton Estate FILE NUMBER 2008-00722 This schedule must be completed and filed lithe answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDEN7AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLfCABLE) TAXABLE VALUE ~. ALLSTATE LIFE INSURANCE COMPANY 42,234 100 4 ,234.00 PO BOX 94212 PALATINE, IL 60094-4212 ANNUITY - CONTRACT # GA276958 2 MEMBERS FIRST FEDERAL CREDIT UNION 4,487 100 ,487.00 INDIVIDUAL RETIREMENT ACCOUNT TOTAL (Also enter online 7, Recapitulation) $ 4 6 , 7 21.0 0 (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (10-D6) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Dallas Paxton Estate SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 2008-00722 Debts of decedent must 6e reported on Schedule f. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ EWING BROTHERS FUNERAL HOME - CARLISLE, PA 5,784.28 2 WESTMINSTER GARDENS, INC 4,345.00 3 MICHELE HEASTER - FUNERAL LUNCHEON 225.00 4 WAYNE NOSS FLOWERS - BOILING SPRINGS, PA 350.00 B. 1 2 3 4. 5. 6. ~. 8 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City Year(s) Commission Paid: Attorney Fees Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State ZIP Relationship of Claimant to Decedent Probate Fees 3 5 6. 0 0 Accountant's Fees 7 0 0. 0 0 lax Return Preparer's Fees THE SENTINEL - ADVERTISING - ESTATE 118.72 B-H AGENCY APPRAISAL SERVICES - HOUSE APPRAISAL 300.00 TOTAL (Also enler on line 9, Recapitulation) $ 12 , 17 9 . 0 0 State ZIP (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (12-OS) ~~r pennsylvania SCHEDULE I ~ DEPARTMENT ~F REVENUE DEBTS OF DECEDENT, INHERITANCE Tnx RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Dallas Paxton Estate 2008-00722 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (11-08) sl pennsylvania SCHEDULE J !.~ DEPARTMENT OF REVENUE INHERITANCETAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF Dallas Paxton Estate FILE NUMBER 2008-00722 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1,2).] 1. ARLENE FRAKER DAUGHTER 1/3 1861 WALNUT BOTTOM ROAD NEWVILLE, PA 17241 2 LINDA SHILDT DAUGHTER 1/3 2 EAST ORANGE STREET MT HOLLY SPRINGS, PA 17065 3 RICKY PAXTON SON 1/3 401 HEISERS LANE CARLISLE, PA 17015 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET, A S APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed, insert additional sheets of the same size. ~jl ~~tt~~~~ ~ I' t ~~~~ ~I k`~~ ~~Yti~ ` ~`; ~~. ~ ~ I, DALLAS J. PAX TON, of South Middleton Township, Cumberland County, I Pennsylvania, declare this to be my last will. I - i give, devise and bequeath my entire estate, real and personal, to my~! wife, Gladys A. Paxton, if she shall survive me. II - If my wife fails to survive me, I give and bequeath to my three children such articles from my home including furniture, furnishings and other i tangible personal property contained therein as they shall amicably agree among II i themselves, said distribution to be as nearly equal among them as possible, and any articles not so selected shall be sold and the proceeds thereof added to my residuary', estate . i III - If my wife fails to survive me, I give, devise and bequeath my entire residuary estate to my three children in equal shares, and if any child shall be deceased then to his or her surviving issue by representation. IU - Any share of my estate which shall become distributable to a beneficiary under the age of 18 years shall be held in a federally insured banking or' savings institution in a savings account, certificate of deposit or other similar j investment in the name of the minor and marked not to be withdrawn until the minor attains the age of 18 years or on order of a court of competent jurisdiction. V - I appoint my wife, Gladys A. Paxton, as Executrix of this will, and ifl for any reason she shall fail to qualify or cease to act as such during the j administration of my estate, I appoint as alternate Executrix my daughter, Arlene M. Fraker, and I direct that no bond shall be required of either of them for the i ,faithful performance of their duties. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ day of November, 1986. ~ i __. it ~ %ct~(i~.r-%~ ` / c~-yli~--r~-~- ( SEAL ) LJ / (Signed, sealed, published and declared ', by Dallas J. Paxton, testator above named, as sand for his last will and testament, ~I,written on one sheet of paper, in our ',presence, who in his presence, at his ,'request, and in the presence of each iother have hereunto subscribed our names as attesting witnesses: ,v i/\G ~~~~~~ a _ Address: 8 Kenwaod Avenue Unit No.: N!A City: Carlisle County: Cumberland State: Pa Zip Code: 17013 Legal Description: See Attached Deed Copy from DB H-32 PG 105 Borrower: N/A Lender/Client: Estate of Dallas ]. Paxton Address: S Kenwood Avenue Carlisle, Pa. 17013 Prepared By: G. Arthur Calaman, # RL-139418 _ Company' B+I Agency Appraisal Services Address: 163 N. Hanover5treet Carlisle, Pa. 17013 Phone: (717) 2?3-1000 ext. 216 F~ (717) 243-1718 Email: bhappraisal@camcast.net Prepared As Of: ]uly 30, 2008 Estimated Market Value: $ $130,000,06 Cover Page with Photo and Contents Cover Letter Uni(arm Residentsa{ Appraisal Report Certification and Limiting Conditions Text Addendum Subject Photos Building Sketch Comparable Photos Location Map DeedjLegal Description Intended Use of'fhis Report is to establ'u-h Market Value Only: Nat to be used for Mcrtgage Fnancing. E-'r. Aeencg Aooraisal Services File No. 0700308 6-H Agency Appraisal Services 163 N. Hanover Street Carlisle, Pa. 17013 (717) 243-1000 Ext. 216 Date ;August 7, 2008 Client :Estate of Dallas 1. Parton In accordance with your request, I have inspected, as per your instructions, and appraised the subject property located at 8 Kenwood Avenue, Carlisle, S. Middleton Twp, Cumberland County, Pa. 17013. As per instructions, the purpose of this appraisal was to determine "Market Value" in unencumbered fee simple title of ownership, and was done in compliance with and as defined by "USPAP" and the Appraisal Standards Board. This report in it's entirety is intended and valid only for the intended use of the Client named in this report, and is invalid if photocopied or electronically transmitted, whether in part or in whole by anyone other than the Client or the State Certified Real Estate Appraiser(s) named in this report. It is intended solely for the Client, and shall not be used by anyone other than the Client without the prior written consent of the Client, and the State Certified Real Estate Appraiser(s) conducting the appraisal process. Note :This is a Summary Appraisal Report, and contains 11 pages (plus attachments or addenda as necessary), and any single page is invalid if detached or used separately from the entire report as originally submitted. This report was conducted and prepared with the,utmost care and confidentiality, and was established with no pre-determined opinion of value on the part of the appraiser(s). Thank you for choosing B-H Agency Appraisal Services Art Calam~n °-;-, Acenct Apprzisal Sen~ices NG T TO BE L'SED FOR MORTLAGE FINANCING PURPCSc~ aiaaa,-s~~~ ~~c4f~o~~to;aTt.~7 .ls~m~463C.~# 4?~~49r3"e'~ .sr~~c~, 07003C8 rr::~czr. ~ss:n- -mv o --- - ---- - - -- - PlCperiN A.dtlress 8 ,:ensvecd Avenue Ci Carlisle State Pa Zip Code 17013 ! ecal Descri tion See Attached Ceed Cepy 5>;m CB H-32 PG 105 Coun Cumberland Assessors Parcel No. 40-22-0487-021 Tax Year 07/08 R.E. Taxes $ 1,317.00 (m/L) S octal Assessments $Nene Known Borrower NIA Cunent Owner Paxton, Dallas J. & Gladys A. (Ceceased) Occupant I '' Owner ; ~ Tenant '.XI Vacant - Pmpett/ rights appraised i~ Fee Simple ^ Leasehold Project Type ^ PUD ^ Condominium (HUDNA only) HOA $ N/A /Mo. ~. Ne!chborheed or Pro ect Name Carlisle Major Flan Bcek 3 Page 79 Ma Reference (40) 22-0487-021 Census Tract 0125 Sales Price $ N/A Date of Sale N/A Desaiotion and $ amount of loan char es/concessions to be aid by seller N/A Lender/Client Efate of Dallas J. P Vton Address 8 Kenwood Avenue, Carlisle, Pa. 17013 Appraiser G. Arthur Calaman, # RL-139418 Address B-H A en App2isal Services 163 N. Hanover St. Carlisle Pa'. 17013 Location ^ Urban ®Suburban ^ Rural sP~daemonant SpiR9teEE (amity ~oesing Arosent fond ase % I Laad a~ change Built up ^ Over 75°6 ~! 25-75% ^ Under25% ~ ~ $(006) (yrs) Oneiamily 85 ~ Notlikely ^ Likely Gm~Mh rate ^ Rapid ~' Stable n Slow ®Owner 72k Low 0 2-4 family ^ In process values ^ Increasing ©Stable ^ Declining en Pm ^ Tenant 575k Hi h 100+ Multi-family 1 , To: y p ®Shortage ^ In balance ^ Over supply l Demand/su ^ Vacant (a5%) Predominant Commercial 8 y pp Marketing time ®Under 3 mos. ^ 3-6 mos. ^ Over 6 mos. ^ Vacant (Over 5%) 150-180 40+ ( Other ) 2 Rote: 9iaee tied i6e racial campositiao of t(ie neighlatrboad are apt appraisal factors. _ Neighborhood houndaries and characteristics: Subject is situated 'ust outside the Carlisle Boro line in S. Middleton T . It is bounded to the noRh by S.R.641; to tare east by Carlton Ave; to the south by S.R.74•, to the west W Ctto Ave. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): • _ Subject property is in the greater Carlisle (Pa.) Market Area. Major roadways, employment, shappin ,schools l,boti'r public and private) are within reasonable driving disance. Utilities as welt as fire and lice protection are nt and adequate for the area. It is opinion that the subject grope is in average ccndiDCn and would have excellent marketing potential. Market conditions in the subject neighborhood (including support for the above conclusions related to thetrend of property values, demand/supply, and marketing time - such as data on competitive properties for sale in the neighborhood, description of the prevalence pf sales and financing concessions, etc.): Empl meet, mo aerates, and hcusin inventarfes have remained stable in the area, and althou h interzst rates are rain sli h ,the market is ve stable. Pro a predation has had I'rttie increase over the past ear tip roximate 2°lo as ublished CPML Data .Average marketin time for similar properties in this area would be up to 90 days, but could be upwards to 180 days. Seller concessions in the farm of closing cost assstance to the buyer are relat9vety common, but usually don't exceed $3000 to $5000. ~mfje~ Balbrmatloa for pUDs (It applicable) - - Is the develpper/builder in control of the Home Owners' Association (HOA)7 ^ Yes ^ No _ Approximate total number of units in the subject project NIA .Approximate total number of units for sale in the subject project NIA Describe common elements and recreational facilities: NJA Dimensions Trail #1 =Lot 8: SOk150' and Lot 9: 50'x150' Tian #2 =Lot 7: 50'x150' Topography Level Site area 22,500.00 Sq. Ft. (m/L); 3 lots as per Deed/ PB 3 PG 79 Block S Corner Lnt ^ Yes ®No Size 0.52 acres (m/L) Specific zoning classification and description Residential Shape Square Zoning compliance ®Legal ^ Legal nonconforming (Grandtathered use) ^ Illegal ^ No zoning Drainage Appears to be adequate Highest & best use as improved ®Preseni use ^ Other use (explain) View Residential itte~es Public Other I Oft-site Improvements Type Public Priva te Landscaping None Electricity ~ ~ Street Macadam © ^ Driveway Surface Macadam Gas ^ Propane possible Curb/Gutter None Observed ^ ^ Apparent Easements None Found or observed Water ® Sidewalk None Observed ^ ^ FEMA Special Flood Hazard Area ^ Yes ®No Sanitary Sewer ® Street Lights Yes ® ^ FEMA Zone C Map Date 11/04/1981 Storm Sewer Alle None Observed FEMA Ma No. 420371 0010 B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): None observed or found Burin the normal course of research of this ro GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDAl10N BASEMENT INSULATION No. of Units Single Foundation Block Slab N/A Area Sq. Ft. 1D40 m/L Roof ^ No. of Stories 1 i/2 Exterior Walls Brk/Alum Crawl Space N/A % Finished 0 Ceiling ^ Type (Dot/Aft) L'et. Ropf Surface Shingle Basement Full Ceiling Rafter Walls ^ Design (Style) 1 1/2 Sto Gutters & Dwnsp6. Aluminum Sump Pump No Walls Black Floor ^ Existing/Proposed Existing Window Type DbI.Hn Dampness Yes & some water Floor Concrete None ^ Age (Yrs.} 58 yrs (m/t) Storm/Screens E'd~n9 Settlement None Obsrvd Outside Entry Yes Unknown Effective Age (Yrs.) tp-as yrs. {m/L Manufactured House No Infestation Unlorown See Text Addendum Pg. ROOMS Fo er Livin Dinin Kitchen Den Famil Rm. Rec. Rm. Bedrooms # Baths Laund Dther Area 5 . Ft. Basement 1040 (m/L) Level 1 1 1 1 2 1.00 1044 - Level2 4 Ftaisied area above rode contains: 5 Rooms; 2 Bedroom s ; 1.00 Baths ; 1044 S uare Feet of Gross Livin Area ' INTERIDR Materials/Conditipn HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors Cpt~n/Wd: Fair Type HWBB Refrigerator None ^ Fireplace(s) # i ® None _ Walls PWster: Good Fuel Oil Range/Oven Stairs ® Patio None Obsrvd ^ Garage # of cars TrimlFinish Wood: Good ~ Condition Unknown Disposal Drop Stair ^ Deck None Obsrvd ^ Attached Bath Floor Ynyl: New COOLING Dishwasher Scuttle ^ Porch FrtJRear © Detached Bath Wainscot Ceramic: Good Central No Fan/Hood Floor ® fence None Obsrvd ^ Built-In Doors Wood: Averse Other Microwave Heated ^ Pool N/A [] Carport Condition Washer/Dryer Finished ^ Wood Stovelnsert ® Driveway 2 Addifionat features (special energy efficient items, etc.): Second floor has been studded and partitioned into 4 rooms: LivingJKtchen/Bedroom/Bath.......Proposed Bathrc-0m is rough plumtred. No insulation, drywall, etc. Ps in place. . Condition pi the improvements, depreciation (physical, functional, and external), repairs needed, qualify of construction, remodeling/atlditions, etc.: Home Ls in avers a condition with no physical, functional or external ebsole:.cence. Basement was very damp and there was standing water an inch or so deep in the se orate front secten. This mulct be a very bi issue that could affzct the sale of the property. Avers a cost to correct $2,000 to $5000. No needed repair was noted at the - ;3me of inspection.. no repairs were in progress. Quality of construction is average to the area and perfect. e Adverse environmental conditions (such as, but not limited to, hazardous vmstes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property: Nene observed...NOt qualified or certified to see or test..5e° Text Addendum Page. Services File IJo. 0700308 f[at'ittF Sectie[ {11[6;[~~ltfl E~ESCI~~CfFLt3L AE"t'E~A.E~ R.L K~C"tlE~ [ Flts ka. uiuu3~es rSTIMA I ED SfTE VALUE _ $ ~ F ESTIf14ATED REPRODUCTION COST-NEIh' OF IiJ~PROVE(ViENTS: Dvrelling Sq- ft ~ $ _ $ N/A Sq. Ft. rg $ Comments on Cosi Approach (such as, source of cost estimate, site value, square loot calculation and, for HUD, VA and FmHA, the estimated remaining economic life of the property): Due to the age of the subje~ improvements, the Cast App.~oadt to value was not used. The Cost Approach is only = a l f "N C tr ti " fi d id d f ll d Garage/Carport Sq. ft ~ $ = or n a xra ew ons uc on r cons ere ar we in s o ph 'cal a e of less than five ears. It is the o inion of this a raiser Total Estimated Cost-New .. Ph i l l f ti _ $ N/A rn t l E ~ ~ "~ APP~~" to value is inadequate and not appropriate in ~~ unc ona ys ca , x e a an analysis of a dwelling & improvemAnts of the axual physical age of Depreciation . $ this subje~, and would nai yield an accurate representation of Market Depreciated Value of Improvements _ $ Value. It was therefore not considered. "As-is" Value of Site Improvements _ $ ....... IIIDICkTEQ- YAWE BT COST APPRDGCH ................ ................ _ $ NIA ITEM SUB.IECT COMPARABLE kD.1 COMPARABLE HO.2 COMPARABLE IbO.3 8 Kenwaod Avenue Address Carlsle, Pa 17013 20 Valley Street Carlisle, Pa. 17013 310 Bayley Street Carlisle, Pa. 17013 41 S. Spring Garden Street Carlisle, Pa. 17013 Proximi to Sub ect j 0.3 MI ESE 0.2 MI SSE 0.6 MI VJ Sales Price $ N/A $ Si8,OD0 $144,500 $ 65,900 Price/Gross Liv. Area $ L1 $ 142.86 ,~f $ 117.29 $ 85.56 ~ Data and/or Verification Sources Int/Ext. Inspection CCCH CPML &CCCH Drive-by Ext. Inspection CPML &CCCH Drive-by ExG Inspection CPML &CCCH Drive-by Ext. inspection VAWE ADJUSTMENTS DESCRIPTION DESCRIPTION + - Ad'ustmeni DESCRIPTION + - Ad'ustment DESCRIPTION + - Ad'ustment Sales or Financing I Conventional Cash Conventional Than i9 Site 10.52 acre (m/L1 10.25 acre (m/L) I 540010.43 acre {m/L) j _ _ _ N/Aju.09 acre (m/y BBUUI Ouaii of Construction Average to Period Built verage to Period BuiR Average to Period BuiR Average to Period Buift A e 58 m/L 53 . m/L) 7 rs. m/L 58 . m/L ,Condition Average Averaae Average/6oad -5000 Fair to Average SODO Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Badrs Room Gaunt 5 2 1.0 4 2 1.0 5 3 1.0 6 2 1.0 Gross l'mn Area 1044 S . Fi. 826 S . Ft. 436D 1232 S . Fi. -3760 1004 S . Ft. N/A Basement 8 Finished Rooms Below Grade Full Concrete None Full Concrete None I:nown Full Concrete One -2500 Partial Dirt None Known 2500 Functional UHI' Avera a very verage Average Heafin /Coolin HWBB/No Cenltal Air FHq/C~rttral Air -2000 HWBB/Central Air -2800 H1N66/NO Genital Air Ener Efficient Items od Stove Insert Norte Known 500 None Known 500 None Known SOD Gars a/Car ort None 1 Car Aft -2500 1 Car Att -2500 None Poroh, Patio, Deck, ;Fire laces etc. Porch/Porch (1) Fireplace PorchJPatio None Known 2800 Slab PordrJSlab Porch None Known 1500 2800 Porch None Known 1500 2800 Fence, Pool, etc. None None Known None Known Fence N/A ;ExteriorRnish 8rick/Aluminum Aluminum i5D0Brick/Aluminum Aluminum 1500 Net. Ad'. total + - $ 11240 + - $ -10315 + - $ 34118 Adjusted Salos Price G: SZ15% G 15.78% G: 39.72% of Com arable N: 9.53% $ $129,240 : 7.14% $ $134,i85N: 39,72%$ $SZ0,018 Comments on Sales Comparison (including the subject property's compatibil'dy to the neighborhood, etc.): No comparable properties within the immediate subject area were sold fn recent months. wiser has checked both multi-list and rnurt house sale records. The mm table ro rties used in this anti psis therefore are ~, in opinion the best available, and havin been sold wrthin the mos± recent months. A11 are relative in proximi and v similar in nature, le, size and condition. Ad'ustments have been made fA compensate for differences in tire co arable roperties where necessa . A modest fi ure of $20 pJ .ft. was used to calalate above ground finished fiving area in excess of 100 sq.ft $20,000 p/aue or fraction thereof was used to plculate d'tffierences of the much smaller lots of #1 and #3. Condition of romps was verified by Realtor eommen5, No adjustment was used for room counts, overall sq. ft was considered. ITEM SUBJECT COMPARABLE Y0. 7 COMPARABLE BD.2 CDMPARAB^_E BO.8 Date, Price and Data 11/05/1986 Not Published thty assessment data Not Published thti assessment data 01/20/1989 ' Source for prior sales CCCH CCCH CCCH CCCH within year of appraisal $1,OD (Redeeded) $31,500.00 'Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: Sufoje~ is not, was not, has not been listed for sale within the ast 12 months, and has not be=..n transferred in ttte sY 3 years. Compatibles #1 and #2 did not have prior sale date listed through normal data, usually indicating same ownership for many years prior ra most recent sale. 1®fDICATED VALUE BY SALES COMPARISOE APPROGCH ...............................................................$ 130,000 IBtDICATED VALUE BT IIICOME APPROACH (If Applicable) Estimated Market Rent $ NIA /Mo. z Gross Reni Multiplier NIA . $ N/A The appraisal is made ~ "as is" ^ subject to the repairs, alterations, inspections, or conditions listed below ^ subject to completion per plans and specifications. Conditions o1 Appraisal: See Text Addendum page... final Reconciliation: See "Erna! Rewnaliation° on Text Addendum pa e... The purpose o1 this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and marketvalue definition that are stated in the attached Freddie Macform 439/Fannie Mae Form 1 D048 (Revised N/A ). I (WE) ESTIMATE THE IkARKET ifAC1IE, AS DEFIk1E6, OF THE REAL PROPERTY THAT IS THE 5116.IECT OF THIS REPORT, AS DE July 30, 2008 QVUHICR BS THE DtTE OF/Ik'S~PECT1O11 ktlD THE ~FFECLELrE DALE DF TIOCS REPDET) TtI' BE S $130,000.00 (, faPP'hS~15ER: / / ~ SUPERYISDPT APPRACSER (OINCT IF REQUIREOj: Sionature /L/(/~ Sionature ^ Did ^ Did Not Name G. Arthur Cafaman, # RL- ..918 Name Inspect Property State Certiliration # RL-139418 State Pa State Certification # _ State _ _ I [ Or State License ~ State Dr State License ~ Slate ~ tldie Mac Porto 70 6-93 Fonn renrotiuced by United Systems Software Company (800) 969-6721 wnm.unitedsystems.com -Page 2 Fannie Mae Farm 1004 6-33 ~EfVICES o~ca~oa ~;;131;71~J~3 Dr Ia9(r°T ~~,~.1ay: The ;Host probable price which a property should bring in a competitive and open market under al! conditions requisite to a fair sale, the buyer and Seiler, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. lmpiicit in this definition is the consummation of a sale as of a specified date and the passing of title from sel ler to buyer under conditions whereby: (t }buyer and seller are i'jpically motivated; (2} both parties are well infiormed or well advised, and each acting in'.~+hai he considers his own best interest; (3) a reasonable time is ailo~eed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms at financial arrangements comparable thereto; and (5} the price represents he normal consideration for the property sold unaffected by special or creative #inancing 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 Saw in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sates transacfions. 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 dotter 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 appraisers judgment. s~~T~a~~re~ o>t u~aea~H~ ca~s~~®~s ~e ~-~~~s-as~a~~s c~a~t~cA~a~a~ Cd~N7~NGENT ANN LBM~T9NC CCN®aTfiONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title #o it. The appraiser assumes that the title is good and madtetable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by fhe Federal Emergency Management Agency (or other data sources} and has noted in the appraisal report whether the subject site is located in an identified Special 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 rho property in question, unless specific arrangements to do so have been made beforehand. b. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has nosed in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observod during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no Knowledge of any hidden or unapparent conditions ofi the propert}r or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser wil I not be responsible for arty 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 Held of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for fhe accuracy of such items that were furnished by other parties. 13. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. tf). The appraiser must provide his or her priorwritten consent before the lender/cliont specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraisers identity and professional designations, and references to any professional appraisal organizations ar the firm with which the appraiser is associated) to anyone other than the borrower, the mortgagee or its successors and assigns; the mortgage insurer, consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of fhe United States or any state or fhe District of Columbia; except That the tender/client may distribute the property description section of the report only fn data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to fhe public through advertising, public re!afiors, news, sales, or other media. t of 2 Fannie Mae Form Aosncy Aporz~sal Services Fiie Ne. 070030e Elie ke. 07Qa308 A,tsPF~.ESER'S REE:TiFt~~,TC~Ic: The Appraiser cerfrfies and agrees that: i. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and havre made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. if a significant item in a comparable property is superior tq or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales pdce of the comparably and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors tfiat have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, [hat alt statements and information in the appraisal report are true and correct. 3. I stated, in the appraisal report, only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject of this report, and t have no present or prospective personal interest or bias with respect to the participants in the transaction. t did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or futon: employment nor my compensatian for performing this appraisal is contingent an the appraised value of the property. 8. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related parry, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. !did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Pro#essional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisa( Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. f acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the markeling time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties tilted as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. 1 personalty prepared a!1 conclusions and opinions about the real estate that were set forth in the appraisal report. tf 1 relied on significant professiona! assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, l have named such individuai(s} and disclosed the spedfic tasks performed by them in the reconciliation section of this appraisa! report. I certify that arry individual so named is qualified to perform the tasks. I (rave not authorized anyane to make a change to any item in the report; therefore, ifi an unauthorized change is made to the appraisal report, (will take no responsibility for it. SIBPERI"tSOR1' fuPPR6a! ;ER's CERTIFI~tuTi IOf6: tf a supervisory appraiser signed the appraisal report, he or she certifies acrd agrees that: f directly supervise the appraiser who prepared the appaisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking lull responsibility for the appaisal and the appraisal report. (u®®f~ES~ ®E PR®PERTC ft,PPFJ"uiSEfs': 8 Kerrvwad avenue, Carlisle, Pa voi3 ~PPfr~,ESER: j4 Signature: ,/f~..- ~ i Name: G. Arthur Calaman, ~ RL1139418 Date Signed: os/ozRoos L State Certifiafion #: rt!-z394is or State License #: State: ~ E~iration Dafe of Certification or License: o6/3oizoo9 S06PER~'BSORV A;PPP~CSEP jonfy if required}: Si,rature: Name: Date Signed: Slate Certification #: or State License #: State: Expiration Date of Certification or License: ^ Ditl ^ Did lJot Inspect Property Mac Form 439 (6193. 10/98) Fora reproduced by Untied Systems Softvrare Company (800) 965-8727 wwv;.unitedsystems.com -Page 2 of 2 B-H Agency.Apprai~l Services _ Flle No. 0700308 ~~~ r~~~~~~7.Y Barrewer/Client N/A __ _ Address $ Kenwccd Avenue Unit No. N(A _ City Carlisle County Cumberland State ~ Zip Code 17013 _ ' Lender/Gient Este of Dallas J. Paxton Di:fINITTONS AND DATA SOURCES: EXPOSURE TIME: For the appraised propert/, the exposure time, based on the experiences of other similar properties in the same or similar neighborhoods is estimated to be at three to six months. Exposure time is backward looking, where there is historical data available that provides a reasonable indication of the amount of time that would have been irrvolved to market the subject property being analyzed, and obtain a sale as of the effective date of the appraisal. This data has been considered and used in this estimate. MARKET TIME: Marketing time on the other hand is forward looking, and is expressed as an estimate (projection) of the time that would be required to market the subject property and obtain a sale. In this context, it should be noted that I have adhered to the definition of "Marketing Time" as put forth by the "Appraisal Standards Board" and included in this report. This definition advises that marketing time does not begin until two things take place: (1) an offering of the property at a price that marketing participants find acceptable, and (2) an effective marketing plan is implemented. SCOPE (EXTENT) OF APPRAISAL: In the preparation of this appraisal, I have made a physical inspection of the site and the improvements (if any). I have traveled the neighborhood and if necessary, made appropriate observations or notes. Data sources employed in addition were the zoning map or officer and ordinance for the municipality, the recorded deed or legal description, the tax assessment parcel records, local multi-list records, and the FEMA maps for the location, if required. Consideration has been given to the highest and best use of the property, and all three approaches to value, with application to those most relevant and applicable to the valuation of the subject. Data referring to Predominant Occupancy, Single Family Age and Prictng, Present Land Use and Changes are reflecting statistics for township/borough/general area, not for precise subject neighborhood. Other aspects of research and analyses relating to the Scope of Work performed as to the development of the assignment, and results and conclusions of this report, are found and disclosed in other sections throughout CCCN & CPML are acronyms for the Cumberland Caunty Court Hause and Central Penn Mu1tI-List respectively. These were the primary sources used to secure property data. In addition, already verified information and data from my own files was used if needed, and wtsere appropriate. All infonnaticn developed was independently verified where public sources did not provide needed verification. I may have contacted listing or sale agents or other parties to the transactions, if I felt it necessary to verify data listed in CPML, as well as any suspected unordinary seller concessions. In the valuation process, all appropriate value approaches, or their exclusions are mentioned in appropriate sections of the report. CANDIR30N5 OF APPRAISAL (DISCLOSURE): The appraiser(s) is unable to know or verify, and in most instances unqualified to determine or verify any insulation or "R" factor; also the presence of urea formaldehyde foam insulation (UFFI), any wood infestation or causes thereof, any lead based paint, any type of mold or mildew, any asbestos, the presence or amount of any radon, polydorinated biphenyls (PCB's), chlorofluorcarbons (Cf-C's), leaking storage tanks (above or below ground), and soil contaminates or any type of contamination. The quality of any drinking water cannot be tested or verified by the appraiser(s). The appraiser(s) has no expertise and is unqualifed to make any assumptions, statements, or warranties as to the condition of any on or off site septic/sewage system if present. The appraiser(s) is not qualified to test for any Contaminates in, on, or around the property, and can make no assumption as to whether or not they are present It is to be noted however, that if any of the afore mentioned items are present, the market value could be adversely affected or violated. The appraiser(s) has made every effort to look, notice and document if observed, any apparent or unusual appearing drcumstance in, on or around the property at the time of the inspection process. The appraiser(s) has only considered the dwelling and items permanently attached as realty. Personal or other items not permanently attached such as refrigerators, washers/dryers, window air conditioners, free standing stoves, portable dishwashers, etc. were not given value consideration in the appraisal process. Also NO VALUE is given as to storage sheds, pools (above or in-ground), swing sets, normal fencing, or other items or exterior structures of perceived value, unless spedfically noted in the report. Utilities were on @ time of inspection and all plumbing, heating, air conditioning (if present), mechanical and electrical systems are assumed to be functional to the best of the appraiser's knowledge, however no warranty or expertise is stated in this report. Line adjustments are not market extracted values due to lack and inconsistency of adequate market data, and therefore are subjective in nature, FINAL RECONCILIATION: This report is a Summary Appraisal Report. In the opinion of the appraiser(s), the "Sales Comparison Analysis" represents the best indication of market value for the subject, as defined in the "Statement of Limiting Conditions" contained in this report. This approach to value was given the strongest consideration in estimating the subject's market value as of the date of the appraisal. The "Incame Approach to Value" was not considered, as the area is predominately owner occupied, therefore limiting the amount of available rental data that would be necessary to accurately complete that approach to value. PRIVACY NOTICE: Pursuant to the Gramm-Leach-Bliley Act of 1999, effective July 1, 2001, appraisers aril all providers of personal financial services are now required by federal law to inform their clients of policies with regard to the privacy of client nonpublic personal information. In the course of research for this appraisal, we may collect what is known as "nonpublic personal information." This information is used to facilitate the service that we provide, arxi may include information provided to us by you, or indirectly provided to us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement to nonaffiliated third parties, except as necessary or as required by law. A necessary disclosure would be to an independent contractor, or in certain situations to third party corasuRants who would need to know certain information to assist us in providing these appraisal services to you. Should a disclosure of this nature to any person or firm assisting in the appraisal process be necessary, such persons shall be advised that all information is to be maintained in strict confidence within the firm. A disclosure required by law would be one that is ordered by a court of competent and legal jurisdiction, with regard to a legal action to which you are a party. We wilt retain records relating to the professional services that yre have provided for a reasonable time. In order to protect your nonpublic personal information from unauthorized access by others, we maintain physical, electronic and procedural safeguards that comply with our professional standards, to insure security and the integrity of your information. Services Fife No. 070C~C8 Corrower/Client Ala AddBSS 8 iCenvwcd Avenue Unif N0. NJA CiiJ CYrfiS-1e County Cumtrerland State Pa Zip Code 17013 Lander/Client Etas°- flf Gallas ). Paton Froot ~lmew Rear 9fiegr '~-~`~' :~~~ ~ . _ ~~ ~ ~^ I ,~ _ .. `r r r ~ ~' _ - s _` i - ~IIBBt 0(IBW Form produced dy United Systems Software Company (800) 969-8727 w~wr.unitedsystems.cam J'. Aaen~ ~ AFprai:al Seriicec r~~e ~~~. ~~~~~ ECrrotv2r/Client ^~/A .AddI2s5 $ x=mrrcd Avenue Ci*/ Carli~'e Lerder/Client ~~ of Callas J. Count`s CumL~erland Unit No. ~/A State Pa Zip Code i~ois Form pmduc=_d by United Systems Software Company (300) 969-8127 vnvw.unitedsystems.crom -- ?.4eec+! 7,perai~l Ser~ic~s i+1.07 u~uo Scn~c~,areriClient +~/A Andress 8 ~-'n~~d Avenue Unit No. ~+IA Ciy ~,ar'lsle County C~r~be*land State Pa Zip Code 17fl13 L nderJCiient Este cf Dallas J. Pa :ton 5a8as ~aa~paca3~,e 1 iF~grait ~e~r Address: 20 Valley Street Prox. to Subject: 0.3 MI ESE Sales Price: $ 118,000 Gross Living Area: 826 Total Rooms: 4 Total Bedrooms: 2 Total Bathrooms: 1.00 Location: Average Saps Ca~npaPa~~e 2 '~ F~n3 ~aast ~~ ~~ ~ - Address: 310 Bayley Street ~4'~-b~-y- Prox. to Subject: O.z i~I ssE ~~ Sales Price: $ 144,500 ~ ~~ ~ ~ _ Gross Living Area: 1232 G "°°g`= '""-' ' ~ Total Rooms: 5 ` _ _r Total Bedrooms: 3 ~_...:._ _. _, _ } _ .__. ,~ ~ _. Total Bathrooms: i.0o Location: Average - - _ - --t; ,~` ~ ~ - ~ ~ ~~ ~,--~N-, - .. ~ ~ s ~ °~ ~ ~ ~ ~.~ Saws G~~apasabte 3 Address: 41 S. Spring Garden Street Prox. to Subject: 0.6 Nti v~i Saies Price: $ 85,900 Gross Living Area: 1004 Se^ticss .~-` Form pmdur~d by United Systems SofM'are Company (860)964-6721 wwv+~~~tedsystems.com File unit No, M1A ~;vedClient u(A pa Zip Code 17013 State ess $ ;~;nwcrA Avenue _ County CumL^e>•land y Acenc;~ Apprzi;21 Sse~ices rue :vo. w uwuo •e ~. _il C 4-iG .~ ~ ~ ,,:.,. ~ F. ~~ ~r: ~s r _ ~ ., - :r. ,. ~ - ~ - - ~ a . ~ - tC m+ ~6 kOJ 5 l Ii Z l~ ;; 'i ~ - ~ - iSFALE~TFiB ~ ~ day of November in tde sxar df our. Lord crie ehonrand pfnc ;nandrtd eighty~siX { 19t~5) . - - .. S£TW,E."1 DALLAS S. PA:CTu.! znd ~LA~Y~ °A~T~:J, husband aad wife, oE~ Jd S t ~ ~ * i d ou }i hiiddle abr'^ian ar on Township; Cu Ccu ;ty, nsyivania, parties of the first part,. v '' - i( Grantors , 8 ~ _ . and ~ , ~ - DALLAS J, PA;(TOfe and GLAD°5 A:~~PA7.TOt: ~-]i0sband and ;rife o° South Dtiddleton A , , Toansnip, Cumberland County, Pernsyl~•rahia;~garties of th=_ second part, E Granter s ; _ - ti'171YF.SSETH, ,•hat in conseduarior. c 1 OtJ^ i$7.GO) - ~ '.~ Dalian, in hard pct d, t!tr rrnipt a~5erra(n fserrbr ac4nowleaged, the acid gran.cr s da ACrrD1' grant and conrry - m the eaid granter s• Lheir heirs and a signs;-: :RACY AJO- 1: Aii those two certair~los'cf ground situate ir. South Middleton. Tcwr_hip, Cumberland County, eennsylvania;' being Lots :ios, &aad 9 in Block "?" ! ir. *hat certain Plan of Lcts krowti':as Carlisle Manor, whic:s Plan is recorded in ~ . the Office of tne. Recorder ct D -eds iri,and for Cv~berland Cocnt_+ in Plan Book 3 _,PaB 7~;:having thereon a^ec ed a 1} story single br.;cl: dwelling F.cuse ;mown as ~o. o Rerwood Averue,Carlis~e, PA. t { T:`ACT N0. 2: A11 that certain lot cf grcurd situate in 8cuth Middlston Township, Cumtt:rland County, Ferrsylvatua, located ir. that certain Flan of Lcts imown as Carlisle Mar,or, which Pizn is recorded in the C'S'Sice of t.*:e Pecorder oS Deeds for Cumberland County in Pian °eok tJO. 3, ?age 79, and being Lot Ne. 7 ir.~ Black "6" in said Flan. UH~ER AhD SG3.;nCT to cer±air. tuiiding and other restrictions applicable tc the Plan of Lots of Carlisle Manor 2xcegt those relating tc race, color or creed i whicn i,. is expressly intended shall not be i~posed or reiirposed. ~ TRACT N0. 1 3SING the sane prenisss which Dallas J. ?Axton. et ux granted and conveyed to Dallas J. Paxten by dead dated Jaraary 9, '960, and recorded ir. Cumberland County Deed Bock 19 "P" 1,4, ant TR,iCT K0. c 6EI;iG the saraE premises wi~::ch E~rrisan G. Xeliyet ux granted and conveyed to Dallas J. Paxton, by deed i dated April 16, 19b0, and recorded in 19 "T" 35A. CDNRIBi]cD a $D:RN aA3~is ~ArE ~ttu~+ ~I i Form produced by UnBed Systems Software Company (800) 969-8727 vnm.unitedsysiems.com 3-;', .aaenc~ Acorisal Services ii77 V3Gi~ i ~ H Rsenc/ Appraisa( Services ,. Rr:hur Calaman, # RL-1's9418 153 ,1. Hanover Stree; Cartisfe, Pa. 17013 .c >~~ cf Dallas J. Pa,ct;.n 8 Kenwccd Avenue Carlisle, Fa. 17013 r irl' 7: o7oo3ca 08/07/2008 I Juty 30, 2008 f N/A + N/A I 232160026 I (717) 243-1000 ext 216 Purchaser/Borrower N/A l.- Properb/ Address 8 Kenvmod Avenue Unit No. N/A ' _ City Cadisle Subdivision Cariisfe Manor Ptart Book 3 Page 79 County cumt;ertand State ~ Zip Code 17013 Legal Description SE° Attached DeA:f Copy from DB H-32 PG 105 Appraisal Fee Amount .............................................................................. $ $3OO.OU(PAID} Mail or Handling Fee .......... - - - $ Additional Charge No. 1 .. _ ..... ... $ .-.$ B-I-~ AGENCY _ _~-=-_~ $ APPRAISAL SERVICES ° '~ -' - ~ m.1~ ..................... ..... ... ...... ............ .. ..$ t63 N. Hano eec ART CAI~111I~AIV ~Q0.OO ;arlisle, PA 17013 Tots! Amount of Invoice $ S~ ~1~ ,, ~. ?] 7) 343-1000 Est. 216 Pennsylvania Certified 500) szs-x215 Residential Appraiser >f Rick Paxtan.........Thartk Ycu. ~ ~} l j ~ ,~ ~ 1 'ax: (717) 243-1718 # RL 139418 ~~~ i T / 08/07/2008 ~ ]uty 30, 2008 ( N/A ~ N/A ~ 0700308 e. e i ate of Dallas J. Pax[on 8 Kenv+ocd Avenue l Carlisle, Pa. 17043 $ Paid m Ful! e "A e e 3-H Agency Appraisal Services G. Arthur Cataman, # RL-139428 lc3 Pt. Hanover Stre=t Carlisle, Pa. 17013 St~FnS - BaPaAC2 doe n~ aerxige6 of 3®eo€rx. ie9ease rei9ea 33is ~~®® ariCh y®oe ~aymeoQ. 73a®% 90®? Farm produced 6y Ureted Systems Sofrivare Company {800) 969-8727 www.unitedsystems.com MetLife Inc (MET) -Stock chart, Index chart -MSN Money Page 2 of 3 :. - FIRES 7R~- C-ES ,`, ...x~_:,~~`'~ ~r~:ax ...'~~ .. _ T~ .- Eti~TRHUESeCUCiti¢t LLC .-_` Add To Watchlist '~•;:' Add to MSN List Print report 27.35 +C}.45 +1.67a/a Open: 27.33 High: 27.74 Low: 27.16 Previous Close: 26.90 Volume: 1,549,100 Eastern Time MetLife Inc Date High Lt~~ Open 6/30/2008 53.8900 52.6100 53.5200 6/27/2008 55.1100 53.6200 54.8300 6/26/2008 56.7200 54.5800 55.8700 6/25/2008 57.4000 55.6100 55.6100 6/24/2008 56.3800 55.0100 55.7000 6/23/2008 57.4000 55.5500 57.0400 6/20/2008 58.5600 56.8100 57.9300 6/ 19/Z008 58.5700 55.8900 56.5900 6/ 18/2008 57.7500 56.3000 57.0000 6/ 17/2008 59.3800 57.3400 59.1300 6/16/2008 59.4119 58.0300 59.2800 6/13/2008 59.8900 57.9200 58.1900 6/ 12/2008 58.7600 56.7000 56.8900 6/ 11/2008 57.9800 56.0900 57.9300 6/ 10/2008 58.2400 56.7600 56.7600 6/9/200$ 57.8600 56.7500 57.5100 6/6/2008 59.3400 56.8300 59.3400 6/5/2008 59.8000 58.8600 59.1700 6/4/2008 60.0600 58.7500 59.3700 6/3/200$ 60.0600 59.0754 59.3700 6/2/2008 59.8700 58.5100 59.6800 Data providers Copyright ©2009 Thomson Reuters. C lick for Restrictions. Quotes supplied by Interactive Data. Stock price data provided by Nomura R esearch Institute, Ltd. Quotes delayed 20 minutes. Page generated 7/9/2009 11:19 AM Ea stern Time http://moneycentral.msn.com/investor/ charts/chartdl.aspx?PT=8&compsyms= &D4=1 &DD... 7/9/2009 Prenutu~i Plata Acco~u~t Statenze>i~t For 24•hour information, sign on to PNC bank Online Banking ~ -, on pnc.cont. Amount numher; af)d104)(i.412;85 .continued t or ra,. Perlod osio7~2oos eo o7ia8izoos C)ALLAS .1 PAXTON Primary account number: 50.0046-4885 Page 2 of 3 Activity Detail Deposits and Qther Additions Date Amount Description Oi 'Ol '',,.>u0,~)t 1)iteit 1)t'Ix~.it • Ci~'ll Sc`ty Cti l rr:tsutc ;t 1'~ :\ '!:;;~r_St l 0 l:i:\ 0i,'t)1 `?ti,(hi 1)hrct 1)rlx~sll • I'n 1'mt.%l:j l~rn:ut 1'cn,ic,n Yl )~)1'?:Z811;ti O8i8;t Oi:'t)~ 1.t11 Intrtca 1'a~tnrnt There wP1P 3 DPpacits anti Other Additions totaling $2,288.04. Checks and Substitute Checks Check Date ~etelenC@ ('.heck D.lt@ F:etefenCQ numtxrr Amount paid number numher Amount paiA number .j`i.l `~ali.;Z7 tNi;!lc) OutS~N)'•'.i:~ ;S'?.r ,ti l.00 t)li'1( (,,;rt,;l0i "Cap in check sequence ThPIP WPfP 2 ChPCkS IIS1Pd totaling $313.37. ~nfine and Electronic Banking Deductions There were 2 Online or f IPCtronic Banking Dat@ Amount DescripLon Deductions totaling $117.20. OG' l ~ `.0,80 1)irrrt 1':n•nu•nt • Tiler S~•r 1'pl C:u \\X\\XGUI)~\\'s Iki'''_(? cN;,~{O C)irect Yat•nx•nt - I'trtniunts \Icdirarr l'rctninm XX\XX51~1t~1)I 1'a~ Daily Balance Detail Dale 8atanc@ Dat@ Ra)anc@ Dat@ Balance Date Earance lhi'07 8,~)lil.:i~~ (Ni!I8 R,88;i.7:' Oli _>0 8,;+,t(1-uS Oi;08 10,8{8.4)ct Ihi,; 17 8 tt(Pt.."'i`~ Oli' IS) 8,ti'Li.;Z i Oi 0I 10,81 `I.4-."~ lour \lonc~•. l'cntr f3usinrss. 1•C1C'K l~l?•C1!Kl:. PNC Invect»rencc rn-r help}hn get n-vrc mi)MrL~e jronr 1~orrr financial relahnnship. N'c arc a t+aluablc partrtcr o-t your firra-rcia! jourrrcv. No matte r u•l-ctlrcr}-•orrr dc_rtination is cduc~nri~n or rrtrrrnrc-nt ttt: katr the prnductr acrd st rviear to help yorr map your xrry to a sccun- financial frrnrrr. F•or more inforntatiart stop by n PArC Brnnclt ar t•i.cit grit. mnr. ' \ot FDit' insured '~ ~la~• l~occ ~'alnc * \o Bank Gaaruutcc lutpot•lant la~'estor Ist,furu~ution: Srcuritics and htY~ket:-ec sct~'icxs atr pm~•idcd b~• I'\(' lm•cstmcnts I.LC, ntrmhcr l~l~lt:\ rind CII'C. :\nnuities and other insur:uu-e products am ollcmd b~' l'\C' Insut:tncti S~t~ ices, I.I.C' a lirrnsed insutan~`e azrnrr. Our 1=HA Home Loans Can Help You Achieve Your Goals Mare Easily 1\'1t~ thcr it's ~•otrr f first home or }'our {i~urih • ;u~ l~ 1 l:\ lo;ui ran place ~•our s;o~l ~t•ithin closer mach. •1'urchase a home ~~•ith little mone~• dt4~rn. •(?~•crron)c cmdit challenges, including a limited or Iess-than-pcrlcrt cmdit histot~•, lbrqualilied applicants. I~or mom intorniation on -notizagr ptrxlucts: Stop at Four local hank branch \isit us at pnrmottga~;c.rom Call our mortgage tr:un at 500-775-(,675 ;enci int7tme:,tr_,: 5t?00 Louise flrive ~, _ h Pt? Box 40 i~,.,_ ' ° F a~,'; ~llechanicsburg, PA 17855 www.membersi si.org ~`'~ MairtSwiichbosrd - ~Z Ca(I: ` 7DD: {7TIp, ~~'~~ TetaBranch: ~S FEI~~I2AL t~RF,l~t`T' t~.'VI{7R 1 ,v ...,_. -_ 1~~,111errl~~l,l~{..I„~llltl~~,l~l~~t~llsl~lrrl(rr~~~ll(~~l~l ~P_ . _ - ; ~. .=~.i~TRIX ~; ~,~~., :i~ ~ ~ ;. statement of Accounts Jut~t 25, 2008 thru JuI 24, 200)8 Account Number: 12546 Account Balances at a Glance: Gheck~r~g : 1, 676.7? savings : 6, 229.68 Certificates . 106, 709.12 ~~~ns : o , o0 Money Management : 82, 562.44 Page : 1 of 3 Do you want to receive your statement faster"? Sign up for FREE eStatements to taar~iter ~,aur acMa:xr:t each ~r-onth. Sec the cnclcrsed insert far r~torc ct~taiEs. ~~~{~~{~~~ A~C~UN~S ~ - et~~ctc~ra~ E~att; ~"r<v7;;arion. D ~.>~ rn t~~~n _ _ . -.___- --- -- . -----___ __.__.~._~--- -- Add~hcros Subtractions Ba;ance _ _ _ _-- _ - - ,? _ _~ ,ttrr ~ ~. ~ a; x c> F?,~,yar~ i 1 6 i c~ . 00 ~iur ;;~} C ~ r~^s~t ~ ~ntJ _.. ~ ~?.77 1.676.T7 -~.,~;~,~ Percentage r,t.:~d darned l1.27Uro'.from tk5`ttlt/.21X18 through L~if3t11217t18 6':~.;~~~~ an Ast~r~t7eG'.~~}' ~~,:~nce of 3,73~.'~ J~,°' <.'-t E~~d ng B 1'<~n%~r> 1, 676 , 77 s~v~~~s Accc~uNrs t~ _ E~EGULAR SAYING '_"`~ ."'' ,7:, ,~ r~~n Der r;piian __... _....._.. _.-_._~~,.-.__.....______ ~,. _ ~_Add;tions Subtracticsns ~ _ 8aiance _ _. :=::"717C/c?f sQb~l"~'~171`ir3C?P 7 ~c3!'l7r`t?' ~. ~' ~ ~ fj't Yll ~7,1~~~'~~d.~c~ tht'OU,C~t? l~f~`t?i ~~4.%i ~1~i1"i ~~ ~r};~>ti ~r-.a a ~.,,r ~;1`u~,.; ~ ~.~9 ~,~Qg.2t Jtt[ ~1~ C pc~;t r Crieck 26.46 2,229.68 ,tuf ~4 £n~tir;, ~ _ , ~~~<~ 2 , 229 :68 _ ,1 °ansact:im Uescnpti>>rt ~ LL_ _- _ _ ___ _ - . --, Date--- ~_._ _._Aciditic7ns _ Subtrac6pns _Balancs .~ "ante Forward ,lun~ 6 a ~ ` 4 ,0 0 4 .00 { }} +~}} ('~~ f MFtA r~ ..R.1 („/t"~J l~~-`==~ 1/Il; i_~1~ 1(1(~~«ir.~, p t~ 3.29 ~n + ~ ~ d,0(Ki.29 tinnu.~i Percenlag~~ ! ~t<y Earnad > 0?il'a fi~o,~~ ~k%'1~1-'2~L~8 through (Y~,~30i2Qt1~' Jean 3t~ l~Vith~r~.wa! Trar~~te+ Ta ~':har~~ r~.~~ 3.29- 4,000.00 ,;eoi ~4 Endi»q B~tarrc~ 4.000. ~ - - - Continued nn foilawing page - - - 50{0 LA~w-i ~ ~ €ve fi4ain $witcti~hrd: EZ Calt: ao Box as JIJrI 25, 2008 thru ,1ui 24, 2170$ 1'C7t} Pvt~ct,anlesE~c,rg, ~a ~ rocs ` _' ~ ~ ~ ~ Account NumSer _ 12546 www.memberstst.org ~eleBr~r~clr. -+~~ Page: 2 of 3 T~ ~a, ~. .:~<~~~ t,t:,rk ~;;~;t.on- Suk~tractions __ __ __~ (.>.. .~ r. ,...;~u ~ - -- ~( -,1 _ fered Rate o'.74 ~i:.~t '; : z ;r ~ ~ 7~:~ > , > ~' vned 1. STIt'~ frarn fX310111pL78 thraugh !~/3t1r'2t108 ?,,; - iFiA SAVINGS r;_~~,~nrr, 82,4-+.%U i32 , .7^'~ 7 , ,}~ 82,562.44 -'" - ~ ; ._ _-._ Trar7suct r, ~ Dr,scn~tiotl__a,__. ___---~ _____.. _ . -- - _-- AciditEons _ Subtractipns Balance -- _ ___ . ._'~ Ba,~~nce far v, ara` 0 . ~ ~~ ~; ~w Endinz„7 Batax~ce 0.00 ~RT~FICATE A~CC7UNTS ~~• ~ i r ~,:~,~ ! r ~ ~~: ~: ~~ r,t 'a ____ _._ ~ .. _ _...- .-- _ .. ... P.. ~ .___.__ A~i : t ~,n~r._ _ ,,,_, Subtractions _ mBaaance ...- r,:R _',a G ,'c3^. ,. ..,~ ~~'.-irv 4,488.26 ~` ~ C:,.:;;' , , , .... >.:,~ ;' : 14.39 4.502.57 1u~.'~ ~E'rCJ@?f7t+a C~z ~.i J ~~Y171F'i7 :3. ~"~(f'4~z franc ~G'?~('~i'_;: ~{~ ttTlC.~Ui717 ti',? ~~~~~e~'Y ~~~ .~, 'JV~thd~a ~',1; Payr~7ent r~.I.LAS J F'AiCTC~N P~::~~rna! [his 25.58- 4,476.99 ~~= =r=;I :'a:`~~hol>'tinn .5.12 ~~ep. ~,,- ~,~.~.,d ~ 9.99 4:486.98 ,'r'/ ..l,1J 1~., .~ _<,':3r0' wi. 'tit!, '~;-t31 11lr`Cl' . ~',~.`~ :hr'c.~ugh C' .:'1,'<Cz+° ~ +~, . „s-:<, . i r~r _ -r: ~~:,re 1c~ ?"r= f:-~ .:~ ~,i_ 1.480.70- 3,06.2$ .. t ,~; , r, =ar~rl~_' "~ ~h~re 98 ~r< _. <rrthn;i~ 1,480.70- 1,525.58 2'? Vl~tr ~ ~,_ ~ ~~~ _, ~'~ r To Share 17 ''-~ r ~ ~ .~ ~r ~ !~: 1,525.58- 0.00 ~J ,1'~~,'~'; :v f~T,~t 4 ~-r~ ; IFIC,4 rE G,~>~~~~i "'7''?> rs the f.,~~ s:<aterne~at pr:4~nt-„ :nr~rr~~~i~t?n an t1;s f,n'uct`" "` Pl~'r'~St? rata"r tl.'~~ f~n~~ Stdt~rt7t'rli fnf (~,t' rapaTf~ng purpasf>S "ws lf?S Wr'thtra;drng l'c=3r 'u Date 30.72 ~" - 60 M©NTH IRA GEt2T Maturity Date -Feb 2$, 2013 ~-~~ _ _~~an ~ar~t ~ ~ C~~scr' tom- _~__:__ _._.__- . _-._.._ . __---__ ._~ ~____ Add~taons_~.._ ._~~__ __ Subtractions __ _____8aiance ,,:, ;~ ~'.~taa,, ~~ ~arward ~ O.aO ~ .l ~' '~~,f~~": ~...1 ~~~..~~ ~~'"llL~~ i c ~:.~~ .n~`~rr Frc~i~t Share. 15 Transfer trim ,.~ttu #,.4330.70 1,480.70 „ . ~ ~''4 ~ r,; r~ E3<3i;~rtce 1,480.7(? 17 - 60 MONTH IRA CEFZT Maturity Date -Feb 2$,..2013 ~_~~~ i a ~sac;,°~~ ;'r=s .rp~t~n..___._ _-------- __._.-- __ _ ________._ladditions_ Subtractions ____- Bafan_c~ _._ E, Y~~,-r' ~ ru:v ~~' - 0.00 ,~~:nnt ~?~ ,. ~_ RICKY ~ f~AXTCJPd .? Geposii Tran:ier Frcm Share 15 Transfer frc~rti vdithi 1,525.58 1,525.58 ., .. Ending Balance 1, 525.58 1$ - 60 Mt?NTH IF2A CERT Maturity Date -Feb.. 28, 2013 "'~~~, .__Tral7sactian Desc~r;on ~ ~_ _ _ _ ___ - ~.._~ _~__ Add~tons___ _Subtractro~s____----- Balance ___ ~. 4':' ~r~~n~e~ c~•lvard - 0.00 ~~ r;= -,, ;~ ~Rt-Ll~~l~ ~RAEt~r`~. !:9 .. Ctepo-,=. Tr~r~:~tr>.r From Share 15 Transfer frc~+n +rlath~ ..1,480.70 1,480.70 ,i~,~ ~ , End~n~ iadiditc;~ 1,480.70 - -Continued on reverse side --- ~1..7~.~~~~. ~: 1 ~1 'i 9.5. f~ T~~€7t~,'itlrr ;`'~ d;~rcc~ll~ttce 1)~tE' Ei,~2:~j0~3 I:~cge ~rim~zy ~1cc~~znt i460G~t795~ Fz]r_1C)~t~~e>. ~i~~~i~t~~~l~i[~Er~~~~~~~~~~~~~ u~if~t~n ~ii~~~~~ a ~-t~~~r a ~~ Kz t)C2 ~~,~ 0.4f304 ~L' 0.324 TR.Cv'~J()~ I~al1~~~ ~3 P~~~c~n --~-~ C''~rli~J_G ;?~i 1 ;CItS-~2~~z3 . ~ . 1 ~' ~ i . ~ c~r~°~~1-. ~a.c.~~cr ~`H~'CK Z' N G A. CCQ ~".N~'S 5~a- .T~zta=.~'~~t' G'he~lt'ZI3g ~'h~=c1~ Sat~kc~~~_i..~ng °c;°, ~ ~ ~ 1450.. ~"' ~ _ .. , 5t~iternent ~a~~s ~~~ 1/G8 t.r~ru ~,/25 ,';~~ ,, ~° "-~ ~ ~ ~•::~ In '3'Y~s~ St:~~t°rn~:rTt. ~°~~rl~d ~~, . .. ~ w~, .. -e..,~._ 1~~dc~~x 2~E, 3'73 .49 ~ 1i2tE'3'~;~~ ~'G3zTZ~<.: ~s . fit} ~T1T.'l.1cl~_ ~?P_YCPI1T'' ~ `r' fril:3 c. r1T'71~'C~ Q ~~~~' .. 8<„ _ ' . 200£3 TtUPY~.~t. ,_ ?0 . ~)2 :-'~ E i~ <~:~ Z ~ S' c~.S2C:~ A.C~t~Z ~ 1 t~T2S l'<~ii,E.' ~%e'SC~"2~?~.2C722 fIOtIT2~ ~X 1 '2: t L pp ~ic~3:t .~ ~!" ~3c'3 .i e~22C'G .~II.~C~Z'XT1c~ ~ T. C3Z~ ~~~ .~aZance ~a~~ B~.~arzce Dade Ba~.an ce .. ~ /_ % ) (~ ~ ~ .^E. t L. ;~ ~ rl ,. ~~ r~. 2 , 1 > ~ ~ ~~. ~1 ' ._. ~", ~ 1 t J ~a 2 ra 1. ~~~~~~~~ ll. C~{.~ s'TC~~~ ~,1>~, U.~OJOC~Os ,zi(Hl ~.+>.nse G~:ae hRain Swit~hbonrd~ no aox t. ~z c~3i: "~` `-~ ~;' . ~ ~ %r' Jun 25, 200$ ihru Jul 24; 2008 "~ - ~ ,., nn~ ,~~~; ~:~,u~~~- ~~ ~~7t~ss T°o: ,; _ ~ ~. •, <.--.~.a.,~ Account h~umber: 12546 vrevva.members'tst.ort~ TeleBranch: a~ Page : 3 of 3 -i~ - ~5 MC7NTN CART Maturity Date -Apr 13, 2009 ~~' Tr ~~~~~~, ;,~.,n Oescnpt7on ___-- _ . _....__ _ _Add~tions___ Subtractions Balance i5 1 „~ ~ ~ .. ,,_:<~ ronv.3td 101 828.77 .~ RICf~Y t< PA~T~N t t. r,~ 4.7(~~?sa 393.37 102,222.14 ,~ ~ ~: , , _ :. ~ ~ } < ~ ~ f warn~c~ 4. `OC1',%o frarrr t~l€I f 3?l7t78 throcrgtl Db'i",~(?I2t11J8 ~rre~jn~ B~tanc~ 101, 222 ,14 l'~~ SUMMARIES 7C~7A1. DIVIC3EN1~ `~ FAIN Clt? RFs~tJL.AP :~:'~~1'~';ti: 13?.33 ' .-- ._ .~MEPdT ('rr i ~ , , ._ 15 ~ :7 Nib C~~l7f-~ IkA CP.RTlFICATE x.76 16 F=~~ °~''~N7H !RA C1=R7 O.Ofi ~17 ~,~ ' A.9f~N~TH [RA CER7 0, 0~ t3 ~ t.':>C~lTN IRA CERT fl, 41 "~ `~'~ ~N7ii CE"'T 2.222,14 Total Current Year If~,4 Car'~~.sut~~ons €t.0u "f"etal Current Year ir.F~ v r ~~s~.~i~ns O~C7O Total Curre~tt Year I'=- ~'~,~ ~~'.,wr,c.~ns Q.Ot} Total ~"urrent '~e~ar i r ;~on ;~~?~,-~ns t~.~ Total. Year To Gate ~.v;r1.,,,~,~ Pur.9 2,762.33 IVC;~7E: Tatai inc.u~~ ;t i :I~are> Total Year To Date Narta>~~> D,~v~~,:~n:is 98:76 Total Year 7o Date iRS `I~ t ~~;;iln~~ 3(1.72 ©an't forget about our new Member ~ayalty Rewards Pro ram: The more products you have with us, the more benefits yau'I~receive. Ask an associate fardetails or visit our website at wwvsr.members4st.org far details. C0I!MO!YJEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE I N F O R MAT I O N N O T I C E BUREAU OF INDIVIDUAL TAXES A N D DEPT. 280601 HARRISBURG, PA 17128-0601 TAXP AY E R R E S P O N S E REV-1543 E% AFP (09-00) FILE N0. 21 ACN 08132646 DATE 07-21-2008 EST. OF DALLAS PAXTON S.S. N0. 180-16-6795 DATE OF DEATH 06-27-2008 COUNTY CUMBERLAND TYPE OF ACCOUNT SAVINGS CHECKING TRUST X^ CERTIF. REMIT PAYMENT AND FORMS T0: RICKY PAXTON REGISTER OF WILLS 401 HEISERS LANE CUMBERLAND CO COURT HOUSE CARLISLE PA 17015 CARLISLE, PA 17013 MEMBERS 1ST FCU has provided the Department with the information listed below which has been used in calculating the potential tax due. Their records indicate that at the death of the above decedent, you were a ]oint owner/beneficiary of this account. If you feel this information is incorrect, please obtain written corr ection from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accord ance with the Inheritance Tax Laws of the Commonwealth of Pennsylvania. Questions may be answered by calling (717) 787-8327. COMPLETE PART 1 BELOW * * * SEE REVERSE SIDE FOR FI LING AND PAYMENT INSTRUCTIONS Account No. 12546-41 Date 09-20-1971 To insure proper credit to your account, two Established (2) copies of this notice must accompany your payment to the Register of Wills. Make check ACCOUnt Balance 102, 169.69 payable to: "Register of Wills, Agent". Percent Taxable X 50.000 NOTE: If tax payments are made within three AmOUnt Subject to TaX 51 , 084.85 (3) months of the decedent's date of death, Tax Rate X .045 you may deduct a 5% discount of the tax due. Any inheritance tax due will become delinquent Potential Tax Due 2, 298 • B2 nine (9) months after the date of death. PARr TAXPAYER RESPONSE . :;,~:; .: ::: ~~:_ € is ~ :.,° .: ;:~; ;::; :::::,<;~E;E~~l~~'~~;BAH:~::~l:E:F:I:O:IkL:fiAX:::AS:E.. ::E ::::::::SAS:E~~::#~~::~:'F;:~I:I:S:=:~: fi _ .; :;:;:;: A. ~ The above information and tax due is correct. 1. You may choose to remit payment to the Register of Wills with two copies of this notice to obtain a discount or avoid interest, or you may check b ox "A" and return this notice to the Register of CHECK Wills and an official assessment will be issued by the PA Department of Revenue. ONE C B L 0 C K B. The above asset has been or will be reported and tax paid with the Pennsylvania Inheritance Tax return 0 N L Y to be filed by the decedent's representative. C. ~ The above information is incorrect and/or debts and deductions were paid by you. You must complete PART ~ and/or PART ~ below. If you indicate a different tax rate, please state your PART ~~~ :S;:i ~~~~A~:::.:.?~~Y ~>~~!: ' decedent: relationshi to P 2 . TAX RETURN - COMPUTATION OF TAX ON JOINT/TRUST ACCOUNTS ~~''- ~----!~--~- ~ = ~= ~~~~~~ ~~-- - _:_ " hed 1 ate Establis L I N E 1 D ~~ iii ~`:~ `:€`~ ~ `:~ ~ `~'''~ ~`:[~ i~ ~ [i€~ i':i"':i':i ~z':['s[`[='~='': t glance 2 z. accoun B 3 X e t Taxable 3. Perc n =i;~`ss€~ ; ~; iE~ ~i€~i i ;~si~; ~a=~='sss~~~~~~€€ ~i s€€€ unt Sub"ect to Tax 4 4. Amo J 'i;i'is;iS"s;~€€;~;;~€;;ff=;~=€~~'€=s[~'l i!i°{sf`s~s;i':':':s~; ;~;s;;;s€€'€~s 5. Debts and Deductions 5 - ;::~::~::~::::~€::::.::.::.: ____<' .::.:.:.:.:.::.:.:.:.:.:.:.:::.:.::::<:::.:::.:,::-::-::,:-::::::::::::::::::::::::::::: xable 6 6. Amount Ta ~i€~i'ts~~~~~~~~~~~~~~ssi~~=?;zii~~€~€~_~~~s=sssss~~~~ssssssss 7 X 7 . T ax R a t e °si's~ ~`~ si=_ ~ _~~ ~~ €~ i ~ € s € €~ ~ ~ €_€€ €€ ss='€~€=€€€ ~~ `~~. 8 ue 8. Tax D ii ~~s~i s~ ' ~s~ 's ~s ~s ~'€ ~ ~~~_~~z~si=~s ~ ~€€~€€€~€ ~€€_€€_€_ ~__ ~~~ ~ ~~ ~~€~~=€~~, PART DEBTS AND DEDUCTIONS CLAIMED 3^ TOTAL CEnter on Line 5 of Tax Computation) S Under penalties of te d er' ry, I declare that the facts I have repo r above are true, c rrect a nd com to the best, t 7 S ~ m nowledge and belief. HOME C 6~ r o ) ~S~- ~~0~ ~ i ~ / - ~3'CJ~ !~ ~ WORK C ~~~ ) ~~~" IC~O~ r ~ l- ~3"CJ~ r nwv n c•rru ,o [r TCI CD4n AIC MIIM ACD IIATC DATE PAID PAYEE DESCRIPTION AMOUNT PAID Allstate Life Insurance Company P.O. Box 94212 Palatine, Q, 60094-4212 Telephone: (877) 499-6418 Facsimile: (866) 635-4523 July 31, 2008 Donna Pollock PNC 2 E. Main Street Mechanicsburg, PA 17055-3851 Re: Dallas J. Paxton Contract No: GA276958 Dear Ms. Pollock: Allstate:.:: You're in good hands. We have been requested to complete IRS Form 712 with regard to the above referenced contract. The purpose of Form 712 is to provide an estate or donor with the value of a life insurance contract or its proceeds as of a certain date (usually the owner's date of death or date of transfer of the contract). This contract is an annuity contract, which is not reportable on IlZS Form 712. The following information is provided for estate purposes only as of the date specified: Date of Death: June 27, 2008 Annuity Value* as of Date of Death: $ 42,233.91 Cost Basis: $ 30,000.00 Named Beneficiary: Arlene M. Fraker, Linda K. Shildt, & Ricky L. Paxton *The actual amount paid may differ due to Market Value Adjustments and/or any applicable Surrender Charges. If you have any questions, please contact me at 1-877-499-6418 Ext. 86203. Sincerely, Bobbi Jo Seveska Sr. Claim Examiner