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08-03-09 (2)
,~ ~• J 15as607120 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue county code veer Fib Number Bureau of Individual Taxes Po Box.zaosot INHERITANCE TAX RETURN Harrisburg, PA 17128-0801 RESIDENT DECEDENT 2 1 0 8 1 1 8 9 ENTER DECEDENT INFORMATION BELOW Social Securty Number Date of Death Date of Birth 201 16 2247 11 14 2008 09 16 1925 Decedent's Last Name Suffix Decedent's First Name MI ELLERMAN SR. DEAN y~ (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW X^ t. Original RMDm ^ 2. Supplemental Retum ^ 3. Remainder Retum (tlate of tleath prior to 12-13-92) ^ 4. Limitetl Estate ^ qa, Future Interest Compmmiae (date or deem ever 12-lzA2) ^ 5. Fetleral Estate Tax Return Requiretl a. Decedent Died Testate (Adam Copy of WII) ^ ~ Decedent Melntabxid a Livina Tiuet (Adach Copy of TmeQ 2 s. Total Number of Sate Deposit Boxes ^ 9. Litigation Proceeds Receivetl ^ t 0. Spousal poverty Cretld (date of tleam ~ t, Elecaon to tax untler Sec. 8113 A Eelween 1231- 1 and 4-95) ^ (Attach SCh. O) ( ) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAx INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JAMES D. HUGHES ESQ. 717 249 6333 Firm Name (M Applicable) SALZMANN HUGHES PC First line of address 359 ALEXANDER Second line of adtlress City or Post OfBCe CARLISLE SPRING ROAD Correspondent's e-mail address: ) h U g SUITE 1 State ZIP Code PA 17015 alzmannhughes.com REGISTER @[~LS USE~LY ~ r "'~n - x» ~~ ,~ c~ ' „ ~~ w {~ c70tn O ~- = D~E FILED •' ~~~~ Ot statements, and to the best of my kna Information of which preparer has any Dean W. Ellerman Jr. James D. Hughes Esq. 354 Suite 7, PA 17015 .\ ~ Side 7 1505607120 3 _~ C.i ~'~ 1505607120 J\~r~( -~_ rn 0 ~~~~~ \~\ ~~ ~~ { ti PA Inheritance Tax Return Signature of Additional Fiduciaries ESTATE OF 121-08 1184 ER Ellerman, Dean W. Sr. Under penalties of perjury, I declare that I have examined this return, inUuding accompanying schedules and statements, and to the best of my knowledge and belief, it is true, Correll and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. Signature #2 ~~ Name unda s. speaae Addressl 26 Donegal DHve Address2 City, State, Zlp Carlisle, PA 17073 Date ~ 3i Io Lsos6o722a REV-1500 EX oeceaem~s NSme: Dean W. Ellerman Sr.. RECAPITULATION 1. Real Estate (Schedule A) ......................................................................................... . 1. 2. Stocks and Bonds (Schedule B) ..............................:............:................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... . 3. 4. Mortgages 8 Notes Receivable (Schedule D) ......................................................... . 4. 5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) ................ 5. 8. Jointty Owned Property (Schedule F) ~ Separate Billing Requested ............. 6. 7. Inter-Vivos Transters 8 Miscellaneous Non-Probate Propedy (Schedule G) ~ ]Separate Billing Requested ............. 7. 8. Total Gross Assets (total Lines 1-7) ...................................................................... . 8. 9. Funeral Expenses 8 Administrative Costs (Schedule H) ........................................ . 9. 10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) ............................... . 10. 11. Total Deductions (total Lines 9 & t0) ..................................................................... . 11. 12. Net Value of Estate (Line 8 minus Line 11) ........................:................................... . 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ................................................ . 13. 14. Net Value Subjeet to Tax (Line 12 minus Line 13) .............:.....:............................ : 14. 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 .00 0 0 0 15. 16. Amount of Line 14 taxable at lineal rate X .045 9 7 0, 5 2 1 1 1 16. 17. Amount of Line 14 taxable at sibling rate X .12 0 0 0 17. 18. Amount of Line 14 taxable at collateral rate X .15 0 0 0 18. 19. Tax Due .................................................................................................................... . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 150s6U722U Side 2 Decedent's Social Security Number 201 16 2247 970,000.00 366,700.19 120,621.77 101,198.31 1,058.520.27 60,080.82 27,918.34 87,999.16 970,521.11 970,521.11 0. 00 93.673. 95 0. 00 0. 00 93.673. 45 0 1sOS607220 J REV-1500 EX Page 3 File Number 21-08-1184 Decedent's Complete Address: DECEDENT'S NAME Dean W. Ellerman Sr. STREETADDRESS 28 Donegal Drive CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. CreditslPayments A. Spousal Poverty Credit B. Prior Payments C. Discount 3. InteresVPenahy it applicable p. Interest E. Penalty 34,500.00 1,815.79 Total Credits (A + B + C) (1> 43,673.45 (2) 38,315.79 Total lnteresUPenalty (D+E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (q) Check box on Page 2 Llne 20 to request a refund -~_- ~ -- - ~ _--- - 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 7, 357.88 q. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 7, 3 57.66 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 :.................................... _ [ ] [x c. retain a reversionary interest; or .........................:........................................................................................ ~ i i x d. receive the promise for life of either payments„benefits or care? .............................................................. . - [ ] _ Lx~ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without . receiving adequate consideration? ....................................................................................................................... x ~_._~ ~ - I..__~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?.._..._ [_ ~ ~.x 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which cenlains a beneficiary designation? ...................................................................................................................... ~x~ ~.._ _~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS VES, 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 rata 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 taz 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 lwenry-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 tM1a 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 lax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. a Rav-1608 E7I+(6-ge) SCHEDULE A REAL ESTATE coNAanviEn~TN ar rENNSnvrwv. Im1ERRPNCE TA%RETURN RE8IDEM DECEDENT ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 All roel property ovma0 wlNy or u e routs In common must M npoMtl et hlr merkH velw. Feir me0cel value is tlellnetl ae 01e prke et vrFitll prapeny weak Da exchenpe0 beMaen a rifling buyer aM a wiring serer, uimer bMrp comperetl to buy or sell, Do01 hevirp nesonede knaMetlge of the relevul re W. Reel propsrry wTieh b (elnay.ownad wIM right oleurviwnhip must M dlwbestl on whadula F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Real Estate situate at 20 Meeting House Road - CaNisle, Cumberand County, PA - 200,000.00 see appraisal attached 2 Real Estate situate at Elk Hill Road - Newville, Cumberland County, PA -see I 100,000.00 appraisal attached Real Estate situate at Grahams Woods Road - Newville, Cumberland County, PA - 170,000.00 see appraisal attached TOTAL (Also enter on Line 1, Recapitulation) I 470.000.00 (I! more space is needed, atltlltlonal pages o! the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1 b00 Schedule A (Rev. 6-98) Rev-1601 E%~ (8-98) Ld.TAONN/E/LLTH OF PENNSTLVNNW INHERRRNCE TWI RETURN RESIDENT DECEDENT SCHEDULE B STOCKS 8e BONDS ESTATE OF (FILE NUMBER Ellerman, Dean W. Sr. 21A8-1184 All property tdMtyawnetl with right d eurvivonhlp moat M tlleelosetl on Schatlule F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH Edward Jones -Investment Account No. 377-07454-1-8 - Stock 1 881 shares of ACNB Corp -ACNB 12.75 8,427,75 2 25 shares of Breakwater Resource - BWLRF .OS 2.00 3 100 shares of ConocoPhillips -COP 47.39 4,739.00 4 208.8231 shares of D R Horton, Inc. - DHI 5.79 1,209.09 5 100 shares of Dow Chemical Co. -DOW 21.15 2,115.00 8 100 shares of Duke Energy Corp. - DUK 15.84 1,584.00 7 881.2199 shares of Duke Realty Corp. - DRE 9.71 8,814.85 8 223.073 shares of Emerson Electric Co. - EMR 33.40 7,450.84 9 1 share of Fairpoint Communications - FRP 2.88 2.66 10 3 shares of Five Star Quality Care - FVE 1.01 3.03 11 275 shares of Fulton Financial Corp. - FULT 10.39 2,857.25 12 2 shares of HKN Inc. -HKN 4.88 9.32 13 300 shares of HRPT Properties - TR-SB; HRP 2.88 804.00 14 671.6744 shares of KIMCO Realty Corp. -KIM 17.25 11,588.38 Total of Continuation Schedules See attached a es TOTAL (Also enter on Line 2, Recapitulation) 366,700.19 (If more space is neetled, additional pages or the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-160] EX~ (8-SB) SCHEDULE B STOCKS & BONDS continued CIX.NgNWEALTH OF PENN8YLVPNO INHERITRNCE TR%RETURN RESICENT CECEDEM ' ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 15 587.2794 shares of MDU Resources Group -MDU 18.87 11,081.98 18 83.7574 shares of Medtronic Inc. -MDT 37.45 2.387.71 17 700 shares of Oshkosh Corp. - OSK 5.77 577.00 18 245.1204 shares of Pfizer Inc. - PFE 18.28 3,990.58 19 100 shares of PPG Industries Inc. -PPG 45.38 4,538.00 20 100 shares of Rite Aid Corp. - RAD .35 35.00 21 21 shares of Ship Finance International - SFL 12.80 284.80 22 50 shares of Spectra Energy Corp. - SE 16.73 838.50 23 100 shares of Sunoco Inc. -SUN 37.97 3,797.00 24 100 shares of Verizon Communications - VZ 30 3,000.00 25 100 shares of Wachovia Corp. - WB 5.49 549.00 Edward Jones -Investment Account No. 377-07454-1-6 Bonds 26 71g222BO2 $10,000 PA State Turnpike Commission -Due 108.38 10,838.00 7/15/2041; rate 5% Accrued interest on Item 26 through date of death I 187.12 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) COMMONWEALTH OF pENNSYLVANW INHERITANCE TA%RETURN REBIOENT DECEDENT SCHEDULE B STOCKS & BONDS continued ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 27 $40,000 Pittsburgh & Allegheny -Due 2/112031; rate 99.47 39,788.00 5.25% Accrued interest on Item 27 through date of death 609.86 Edward Jones -Investment Account No. 377-07454-1-6 Corporate Bond 28 41,000 shares of GE Capital Corp. -Due 3/15/2032; rate 87.15 35,731.50 6.75% Accrued dividend on Item 28 through date of death 601.32 Edward Jones -Investment Account No. 377-07454-1-6 Federal Agency Bonds 29 9,000 shares of Federal HM Loan Mortgage -Due 100 9,000.00 4/15/2031; rate 6.375% Accrued dividend on Item 29 through date of death 47.16 30 $4,000 Western Mortgage Financial -due 8/26/2020; 99.91 3,996.40 rate 6.36% Accrued interest on Item 30 through date of death 13.24 Edward Jones -Investment Account No. 377-07454-1-6 -Mutual Funds 31 1,367.906 shares of Oppenheimer Global 17.84 24,403.44 Opportunities, CL A Copyright (c) 2002 form software only The Lackner Group, Inc. ~ Form PA-1500 Schedule B (Rev. 6-98) Rev-7803 EX~ (B-88) SCHEDULE B STOCKS 8r BONDS continued CONfAONWEALTM OF PENNSYLVANIA INHERITANCE TAX RETNRN RESIDENT OECEOENT ESTATE OF Ellerman, Dean W. Sr. FILE NUMBER 21-08-1184 ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 32 392.383 shares of Van Kampen Capital Growth Fund - 8.72 2,838.81 ACPAX 33 885.431 shares of Van Kampen Comstock - ACSTX 10.45 9,252.75 34 468.808.shares of Van Kampen Growth and Income 13.88 8,428.97 Fund - ACGIX Non Brokerage Account Securities 35 1,000 shares of Champions Biotechnology, Inc. - .425 425.00 formerly Champions Sports, Inc.; CSBR 38 341.5713 shares of Duke Energy- reinvestment 15.79 5,393.41 Account No. 420824; DUK 37 1,885 shares of M&T Bank - MTB 88.875 112,884.38 38 133 shares of Spectra Energy - SE 18.99 2,259.87 USAA -Brokerage Account No. 71831462 -Mutual Funds 39 300 shares of John Hancock Bank 8 Thrift Opp. Fund - .087 20.10 BTO 40 100 shares of Market Vectors, ETF Trust Coal - KOL 14.56 1,458.00 USAA -Brokerage Account No. 11631462 -Stocks Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Scheoule B (Rev. 6-96) SCHEDULE B STOCKS & BONDS continued COMNpNWEPLTH OF PENNSYLVANIA ' INHERITANCE TPX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 41 200 shares of Alcoa Inc. - AA 10.84 2,188.00 42 100 shares of Arlington Tankers LTD - ATB 9.77 977.00 43 100 shares of Carlisle COS Inc. - CSL 19.99 1,999.00 44 100 shares of Cemex S.A.B. DE C.V. - CX 5.14 514.00 45 100 shares of Companhia Vale Do Rio Doce -RIO 11.47 1,147.00 48 300 shares of Felcor Lodging Trust Inc. - FCH 1.53 459.00 47 100 shares of Frontier Oil Corp. - FTO 12.34 1,234.00 48 100 shares of Headwaters Inc. - HW 8.79 679.00 49 200 shares of Royal Caribbean Cruises LTD - RCL 10.42 2,084.00 50 4,100.4 shares of Sovereign Bancorp Inc. - SOV 2.39 9,799.98 51 50 shares of Suncor Inc. - SU 18.88 944.00 52 100 shares of Tyson Foods Inc. - TSN 4.9 I 490.00 53 200 shares of Verasun Energy Corp. - VSUNG .07 14.00 Copyright (c) 2002 form software only The Lackner Croup, Inc. Form PA-1500 Schedule B (Rev. 6-96) -~ Rw-i tiaa FXi(!-M) CONN.fONWEALTN OF PENNBYLVMIIR INHERR,WCE TNf RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, 8r MISC. PERSONAL PROPERTY Indutle the proceetla q IMigetbn entl tM tlele the proceetls were recelvetl Dy tha estele. All prolHrry pIMIY-owrtea wim the daM q euMVOMIp muq M tllwlarad on aehseule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 A.G.I.A. Inc. -check 8.25 2 Checking Account # 2891031393 -Sovereign Bank, Carlisle, PA 2,055.89 Accrued interest on Item 2 through date of death 0.15 3 Edward Jones, Money Market Account No. 377-07454-1-6 33,283.30 4 Money Market Account No. 2891023808 -Sovereign Bank, Carlisle, PA 9,828.87 Accrued interest on Item 4 through date of death 5.68 5 USAA Money Market Account No. 11631462 54,372.57 6 1991 Chrysler New Yorker Salon Sedan 750.00 7 2004 GMC Sierra Truck -VIN 2GTEK19T641271772 8,445.00 8 Coins and stamps - in safe deposit box at appraisal 4,901.60 9 Household Goods taken in kind -112 interest 5,655.00 10 Adams Electric Coop -refund 18.05 11 Capital Blue Cross -refund of unused premium 216.30 TOTAL (Also enter on Llne 5, Recapitulation) ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 (K more space is nestled, atltlitlonal pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Ins. Form PA-1500 Schedule E (Rev. 6-98) ~ Rw-1610 EXi (8•ae) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COM.gNV,EPLTH OF PENNBYLVANW INHERmgNCE TA%gETURN REBIDENr DECEDEM ESTATE OF (FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 This ache0ub mart De campleletl entl Oletl it the answer to arty M questbns 1 mraugh 4 on the revere sitle of the REV-1500 COVER SHEET ie yea. ITEM NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND 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 APPLICABLE) TAXABLE VALUE 1 Edward Jones IRA No. 377-91518-1~ - 78,888.84 100.000 78,888.84 Beneficiaries are Decedents children, Dean W. Ellerman, Jr. and Linda S. Spease 2 Sovereign Bank, IRA #1678229128 -Carlisle, PA, 5,727.21 100.000 5,727.21 the equal primary beneficiaries are Linda Spease, daughter, and Dean Ellerman, Jr., son 3 Sovereign Bank, IRA #1678229137 -Carlisle, PA, 1,082.26 100.000 1,082.26 the equal primary beneficiaries are Linda Spease, daughter, and Dean Ellerman, Jr., son 4 Joshua Muhr -cash gift 50.00 100.000 50.00 0.00 5 Mr. Spease -Cash gift 5,000.00 100.000 3,000.00 2,000.00 6 Mr. Spease -Cash gift 5,000.00 100.000 5,000.00 7 Mre. Dean W. Ellerman -Cash gift 6,500.00 100.000 3,000.00 3,500.00 8 Mre. Dean W. Ellerman -Cash gift 5,000.00 100.000 5,000.00 TOTAL (Also enter on Line 7, Recapitulation) I 101,188.31 (If more space is neetle4 atltlitional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) REV-7761 EX+112-se) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. ~ FUNERAL EXPENSES: See continuation schedule(s) attached B. ADMINISTRATIVE COSTS: t. Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission paid 2. Attorney's Fees SALZMANN HUGHES PC 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) claimant Linda S. Spease street Address 26 Donegal Drive city Carlisle state PA zip 17013 Relationship of Claimant to Decedent SPOUSe 4. I Probate Fees 18,283.39 34,511.00 3,500:00 748.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 3,058.43 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 60,080.82 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Angela E. Tennant -reimbursement for funeral expense 855.95 2 Dean W. Ellerman, Jr. -reimbursement for grave opening expense paid to 1,335.00 Westminster Cemetery LLC 3 Dean W. Ellerman, Jr. -reimbursement for funeral expense 1,419.75 4 Ewing Brothers Funeral Home, Inc. -funeral services 10,527.05 5 Julie Muhr -reimbursement for funeral expenses 152.10 6 Keith W. Ellerman -reimbursement for funeral expense 836.55 7 Linda S. Spease -reimbursement for funeral lurjcheon and flowers .. 650.01 _ 8 Linda S. Spease -reimbursement for funeral expense 2,316.98 9 Linda S. Spease -reimbursement for funeral expense paid to Westminster Cemetery 170.00 for installation of grave marker H-A subtotal 18,263.39 Other Administrative Costs 10 Commonwealth of Pennsylvania -registration 6.00 11 Cumberland Law Journal -Legal advertising 75.00 12 Dean W. Ellerman, Jr. -reimbursement for travel, lodging and meals paid in order to 1.467.95 adminster the estate Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND AbMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM NUMBER DESCRIPTION AMOUNT 13 EdwaM Jones -expense to sell GE Capital Notes Series A 4.85 14 Edward Jones -expense to sell Federal HM Loan Mortgage 4.95 15 Ibis Appraisal Services -appraisal of coins and stamps 300.00 16 Roy D. Gottshall -appraisal of personal property 100.00 17 S.W. Barrett Real Estate 8 Appraisal Services -appraisal of 20 Meeting House Road, 325.00 .Carlisle, PA 18 S.W. Barrett Real Estate & Appraisal Services -appraisal of Elk Hill Road, Newville, 325.00 . PA 19 S.W. Barrett Real Estate 8 Appraisal Services - appraisal of Grahams Woods Road, 275.00 - Newville, PA .. _ 20 The Sentinel-Legal -Legal advertising 174.58 H-B~ Subtotal 3,058.43 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) ~ Rw-1612 E%t to-N) COA4AONVIEALTH OF PENNariVANIR INNERR,VILE TNt RETURN RE810ENi OFCEOENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 Inelutlr umslmaunW mMletl azpnlur. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Adams Electric Coop -electric service 21.98 2 Comcast -cable service 61.43 3 Dixie Barcick -check written prior to death, clearing after death 618.00 4 Dixie Garrick -final payment for nursing care 250.00 5 Embarq -phone service 25.40 6 GM Bank Card -check written prior to death, clearing after death 413.72 7 HSBC Card Services -balance due on account 20.20 8 Joshua Muhr -birthday gift, check written prior to death, clearing after death 50.00 9 Klinnnr R aeenriafne D (: _ nronaral•inn of 911fIR innmm~ fsv re}rrrne 395.00 10 Kough's Oil Service -oil delivery 342.30 11 MCI-service 72.24 12 Mr. Spease -gift, check written prior to death, clearing after death 5,000.00 13 Mr. Spease -gift, check written prior to death, clearing after death 5,000.00 14 Mrs. Dean Ellerman -gift, check written prior to death, clearing after death 6,500.00 15 Mrs. Dean Ellerman -gift, check written prior to death, clearing after death 5,000.00 16 PA Department of Revenue - 2008, PA40 Income tax due 471.00 17 PPL Electric Utilities -electric service, written prior to death, clearing after death 78.34 Total of Continuation Schedule See attached page TOTAL (Also enter on Line 10, Recapitulation) 27,918.34 (If more space la neede4 additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) ~ Rw-0613 E%a IB-N) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS GOMrgNWEPLTH OF PENNBYLVPNW INHERRPNCE Tp%RETURN continued RESIDENT DECEDENT ESTATE OF FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 ITEM D TE VA NUMBER DESCRIPTION H OF DEA 18 PPL Electric Utilities -service at 20 Meeting House Road 109.50 19 Shirley J. Armold, Tax Collector -real estate tax 15.78 20 United States Treasury - 2008, 1040 income tax due 3,488.00 21 York Waste Disposal -refuse service at 20 Meeting House Road 45.45 TOTAL (Also enter on Llne 10, Recapitulation) ~ 27,918.34 Copyright (c) 2002 form software only The Laekner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) REV-0E1] E%+IB-001 SCHEDULE J COMMNHERITANCE TAX REN URIJANIA BENEFICIARIES RESIDENT DECEDENT ESTATE OF ~ FILE NUMBER Ellerman, Dean W. Sr. 21-08-1184 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S) RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Nd List Trustas s I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9115(a)(1.2)] See attached schedule Total 970,521.11 Enter dollar amounts for distributions shown~above on lines 1 5 through 18, as appropr late,on Rev 1500 cove r sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Fonn PA-1500 Schedule J (Rev. 6-98) SCHEDULE J The BENEFICIARIES (Part I, Taxable Distributions) ESTATE OF: Dean W. Ellerman Sr. 11/1412008 201-16-2247 Item Name and Address of Person(s) Share of Estate Amount of Estate Number Receiving Property Relationship (Words) ($$$) ~~a~o~~~~ apease son-m-yaw Schedule G Items 5 7,000.00 26 Donegal Drive 8, g Carlisle, PA 17013 2 Gail Ellerman paughter-in-Law Schedule G Items 7 & 8,500.00 7143 Blue Jack Drive g Navarre, FL 32566 3 Keith W Ellerman Grandson Bequest as per Item 10,000.00 3 Wiltshire Drive Four A. of the Will Avondale Estates, GA 30002 4 Julie M. Muhr Granddaughter Bequest as per Item 10,000.00 1166 Dawn Ave. Four A. of the Will Ephrata, PA 17522 5 Eric W. Spease Grandson Bequest as per Item 10,000.00 26 Donegal Drive Four A. of the Will Carlisle, PA 17013 6 Angela E. Tennant Granddaughter Bequest as per Item 10,000.00 1191 Westminster Way Four A. of the Will Madison, GA 30650 7 Dean W. Ellerman Jr. Son 1/2 Residue 457,510.56 7143 Blue Jack Drive Navarre, FL 32566-7311 8 Linda S. Spease Daughter 112 Residue 457,570.55 26 Donegal Drive Carlisle, PA 17013 Total 970.521.11 1 N ~~_ _ 9 1 l .-. '~ ' ,~.- l._1 [•.l G'1 LAST WILL AND TESTAMENT ~, _`~~ I, DEAN W. ELLERMAN SR. of North Middleton Township, Cumberland County, Pennsylvania, being of sound mind, disposing memory and full legal age, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils heretofore made by me. ONE. I direct my Executor or Executrix, as the case may be, to pay all of my debts, funeral and administrative expenses as soon as convenient after my decease. Furthermore, I direct that all state, inheritance, succession and other death taxes imposed or payable by reason of my death and interest and penalties thereon with respect to all property composing of my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid by the Executor or Executrix of my estate. TWO. My Executor or Executrix may, at his or her discretion, compromise claims, borrow money, retain property for such length of time as he or she may deem proper; lease and sell property for such prices, on such terms, at public or private sales, as he or she may deem proper; and invest estate property and income without restriction to legal investments unless otherwise provided hereunder. I authorize and empower my Executor or Executrix to sell any realty and,~or personalty owned by me at my death and not specifically devised or bequeathed herein, at public or private sale or sales and to give good and sufficient deeds and,'or bills of sale therefor, in fee simple, as I could do if living. My Executor or Executrix is authorized and empowered to engage in any business in which I may be engaged at my death, for such period of time after my death as seems expedient to said Executor or Executrix. THREE. I give, devise and bequeath all of my estate of whatever nature and wherever situate to my spouse, MILDRED E. ELLERMAN. ,~ ~? /f~- ~- ;~E Initial r!: ?(, FOUR. If my spouse, MILDRED E. ELLERMAN, does not survive me by a period of at least sixty (60) days, I then give, devise and bequeath all of my estate as follows: A. The sum of Ten Thousand and 00/100 Dollars ($10,000.00) to each of our grandchildren, per stirpes, which provides that the child or children of any deceased beneficiary shall take the share their parent would have taken if living; and B. All the rest, residue and remainder, in equal 'shares, to DEAN W. ELLERMAN JR. and LIIVDA S. SPEASE, per stirpes, which provides that the child or children of any deceased beneficiary shall take the shaze their parent would have taken if living. FIVE. I hereby nominate and appoint my spouse, MILDRED E. ELLERIvIAN, to be the Executrix of this my Last Will and Testament. In the event for whatever reason she is unable to serve as the Executrix of my estate, then in that event I hereby appoint DEAN W.. ELLERMAN JR. and LINDA S. SPEASE, to be the Substitute Co-Executors of this my Last Will and Testament, whereby the said substitute personal representatives shall have the same powers as are given to the original Executrix hereunder. SIX. No person(s) shall benefit hereunder unless such beneficiary shall survive me by sixty (60) days. SEVEN. No Executrix or Executor acting hereunder shall be required to post bond or enter security in this or any other jurisdiction. Initial ~ ~ ~. ~i~T{'r ~ ~ ~ ~~ 2 EIGHT. No beneficiary may assign, anticipate or pledge its interest in any income or principal held or distributable hereunder, and no beneficiary's creditors may levy, attach or otherwise reach any such interest. NINE. If any person or institution entitled to share in any distribution under the terms of this my Last Will and Testament becomes an adverse party in any proceeding to contest the probate of this Last Will and Testament, such person or institution shall forfeit his, her or its entire interest inherited hereunder and all provisions in favor of such person or institution shall be declared void and of no effect. The share of such person or institution so forfeited shall be distributed as part of the residue pursuant to Paragraph. Faur hereof except that if such person or institution is entitled to share in the said residue, that interest shall be distributed proportionately to the other residuary distributees. IN WITNESS WHEREOF, I have hereunto set my hand acid seal. this. :~. day of May, 2001. r ? DEAN W. ELLERMAN SR. Signed, sealed, published and declared by the above-named person as and for a Last Will and Testament, in our presence, who at said person's request, in said person's presence and in the presence of each other have hereunto set our names as subscribing witnesses. 3 ACKNOWLEDGMENT AND AFFIDAVIT WE, DEAN W. ELLERNIAN SR., SHARON L. SCHWALM and JAMES D. HUGHES, the testator and witnesses respectively, whose names aze signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his Last Will and that he had signed willingly, and that he executed it as his free and voluntary act for the purpose herein expressed, and that each of the witnesses, in the presence and hearing of the testator, signed the Will as a witness and that to the best of their knowledge the testator was, at that time, eighteen years of age or older, of sound mind and under no constraint or undue influence. COMMONWEALTH OF PENNSYLV COUNTY OF CUMBERLAND Subscribed, sworn to and acknowledged before me by DEAN W. ELLERMAN SR. the testator herein, and subscribed ands rti to before me by SHARON L. SCHWALM and JAMES D. HUGHES, witnesses, t day of May, 2001. No ary P lic, t~a;ar.~i Beat 9etzi A. FAOmson, Notary PubVic Carlisle l3oro, Cumberland CDUntY My roe-mission Expires Dec. 15, 204 ,yinl' ~.rz.,, .... r DEAN W. ELLERMAN SR. ~f~, ~.o_ ~""~l r, ,~ ;~- ~~ _ _ ~ ___ ~, ~~~. ___ __'_ ~~ _ _ __ x ---- J6~~ w~~r ~, _ -- D,., ~ n~1, ~~ _ ~ _ - p~~~,~=tee; ~'!}~~` _ __ ~Sa ~_ f _3v _--- _.. ~ -o ~ _ __ __ ___ _ _. ~ _~j ~ :~,~ p .. • a ? ~ y- ~ ~_ _ _._ ~..%`~D4~ ~G _ _ _ v2~ _ _ + , ~y~ , I~~ue -~" ors. °1 _ 1~. ,l~-J ~~/ ~ ~/ _._ ._.. ter- - - --- ~ . _ ___ r - __ __.._. _ _ ___,laL „~_-.r- . _ _ _ ______ , ` ~ :% ' _. ~ -v ,~ r~ i/ _ __ '. _._ __ __ g -678.00+ i_ __. _! ESTATE APPRAISAL REPORT OF PERSONAL PROPERTY OF Dean W. Ellerman, Sr., deceased Date of Death: November 14, 2008 for: James D. Hughes, Esq. Salzmann & Hughes 354 Alexander Spring Rd., Suite 1 Carlisle, PA 17015 AS OF: d.o.d. November 14, 2008 Reported on March 4, 2009 BY: ~I(~is Appraisal Services r¢S N. Hanover S~ P.O. Bo~x'2¢ Carlsle PA z7or3 (717) 243-3474 info~ibisappraisals.com wu-u :ibisappraisals. com TABLE OF CONTENTS Table of Contents Appraisal Certificate Appraisal Summary Photograph & CD-ROM Instructions Personal Property Listing Appraisal Summary (Copy). References Privacy Notice Statement of Qualifications Assumptions and Limiting Conditions 2 3 4 5 6 11 12 13 14 15 2 APPRAISAL CERTIFICATE I hereby certify that, upon the request for the estate appraisal of the personal property of Dean W. Ellerman, Sr., deceased, I have personally and physically inspected the listed personal property. The personal property was appraised to determine the FAIR MARKET VALUE, AS OF d.o.d. November 14, 2008 & reported on March 4, 2009. The date of inspection was February 24, 2009. The information and values contained in this report are based upon my experience as an appraiser and other reliable sources. The personal property was found to be in EXCELLENT condition, unless otherwise noted. Values are reported piece-by-piece, and/or as a whole. All values reported have been determined with consideration to the condition of the item, mazket conditions, and salability factors. Ibis A~praisa~ Aiv~sSa ~.rLon~v~, C.A. Director APPRAISAL SUMMARY It is in my opinion, that as of d.o.d November, 14, 2008, the Fair Market Value of the personal property of Dean W. Ellerman, Sr., deceased: (Four Thousand Nine Hundred One Dollars and Sixty Cents) ($4,901.60) Ibis Ap~raisa~ ~, Aw~ssa L. n ~ C.A. Director The report must be read in its entirety The Appraisal Summarv ONLY is not the appraisal report. Photograph and CD-ROM Instructions Ibis Appraisal Services has provided you with a CD-ROM that houses all of the digital photographs of all of the items appraised. The CD-ROM also contains a saved copy of the appraisal report. This CD-ROM may be kept with the paper copy of the appraisal report or kept off-site, such as a safety deposit box. The photographs are saved in the JPEG picture format, meaning that all of the file names end with a ".JPG". The file names con•espond to the written appraisal report's Corresponding Photograph File that is included at the end of each item appraised. Getting started with your CD-ROM 1. Insert the CD-ROM into your computer's CD-ROM Drive. If you do not have a computer or access to a CD-ROM Drive--a copy store, office supply store, or public librazy will be able to help you view and/or print your pictures. 2. Your computer may contain one or several different software programs that will allow you to view your pictures. Examples of these programs are Draw, Photo Editor, Pit;ture It! Express, Photo Suite, MyPhoto Center, Photo Studio Lite, Photo Shop Pro, Picture CD, or Photo Deluxe. The nroeram that is included with a digital camera is another waY to view vour pictures • Select the program for viewing photographs and open the program: 3. C1ickFILE, grid Click OPEN. 4. Use the Pull-Down, "Look in" Menu and select the D Drive (D:) or whichever drive is designated as your CD-ROM (sometimes this may be the E Drive (E:) on your computer). ~ NOTE • Your CD-ROM Drive is designated with a small CD-ROM graphic Icon or a cartoon representing the drive. • The drives of your computer can be found under My Computer section of the Pull- Down "Look in" Menu. Common Drives aze: A Drive (floppy disc drive), the C Drive (hard disc drive), the D Drive (CD-ROM Drive), and the E Drive (sometimes CD-ROM Drive; sometimes an external drive, like a CD-ROM Writer, Zip, or Jazz Drive). 5. Double-click on the photograph you wish to view. Personal Property Listing 1 Commemorative Proof. 1985 Ellis Island Commemorative: Liberty silver dollar and half dollar. $20.00 2 Coins. Two 1848 Ben Franklin half dollars. $8.00 3 Coin. One 1948d Ben Franklin half dollar. $4.00 4 Coins. Two 1948 Ben Franklin half dollars. $8.00 5 Coin. One 1949d Ben Franklin half dollar. $4.00 6 Coin. One 1949s Ben Franklin half dollaz. $4.00 7 Coins. Two 1950Ben Franklin half dollars.' $8.00 8 Coins. Two 1950d Ben Franklin half dollars. $8.00 9 Coins. Two 1951 Ben Franklin half dollars. $8.00 10 Coins. Two 1951d Ben Franklin half dollars. $g,Op 11 Coins. Two 1951 s Ben Franklin half dollars. $8.00 12 Coins. Two 1952 Ben Franklin half dollaz.. $8.00 13 Coins. Two 1952d Ben Franklin half dollazs. $8.00 14 Coins. Two 1952s Ben Franklin half dollazs. $8.00 15 Coins. Two 1953 Ben Franklin half dollars. $8.00 16 Coins. Two 1953d Ben Franklin half dollars. $8.00 17 Coins. Two 1953s Ben Franklin half dollars. $8.00 18 Coins. Two 1954 Ben Franklin half dollars. $8.00 19 Coins. Two 1954d Ben Franklin half dollars. $8.00 20 Coin. One 1954s Ben Franklin half dollaz. $4.00 21 Coin. One 1955 Ben Franklin half dollar. $10.00 22 Coins. Two 1956 Ben Franklin half dollars. $g.p0 23 Coins. Two 1957 Ben Franklin half dollars. $8.00 24 Coins. Two 1957d Ben Franklin half dollazs. $8.00 25 Coin. One 1958 Ben Franklin half dollazs $4.00 26 Coins. Two 1958d Ben Franklin half dollars. $8.00 27 Coins. Two 1959 Ben Franklin half dollars. $8.00 28 Coins. Two 1959d Ben Franklin half dollars. $8.00 29 Coins. Two 1960 Ben Franklin half dollars. $8.00 30 Coins. Two 1960d Ben Franklin half dollazs. $8.00 31 Coins. Two 1961 Ben Franklin half dollars. $8.00 32 Coins. Two 1961d Ben Franklin half dollars.. $8.00 33 Coins. Two 1962 Ben Franklin half dollars. $8.00 34 Coins. Two 1962d Ben Franklin half dollars. $8.00 35 Coins. Two 1963 Ben Franklin half dollars. $8.00 36 Coins. Two 1963d Ben Franklin half dollazs. $8.00 37 Coins. Two 1964 Keened half dollazs. $8.00 38 Coin. One 1965 Keened half dollar. $3.00 39 Coin. One 1966 Keened half dollar. $3.00 40 Coin. One 1967 Kennedy half dollar. $3.00 41 Coin. One 1968d Keened half dollar. $3.00 42 Coin. One 1969d Keened half dollar. $3.00 43 Coin. One 1971 Keened half dollar. $0.50 44 Coin. One 1971 d Kenned half dollar. $0.50 45 Coin. One 1972 Kenned half dollar. $0.50 46 Coin. One 1972d Kenned half dollar. $0.50 47 Coin. One 1973 Kenned half dollar. $0.50 48 Currenc .1928 $10 old certificate currenc Woods/Mellon. $15.00 49 Stam . 1 Graf Ze elfin .65¢ slam . $125.00 50 Stam . I GrafZe elfin $1.30 slam $225.00 51 Stam . 1 Graf Ze elfin $2.60 slam $450.00 52 Coin. 1981 Suid-Afrika, South Africa, Kru errand loz. ~ $950.00 53 Commemorative Set. San Francisco Closing set. 1955s cent, 1954s nickel, 1955s dime, 1954s uarter, 1954s half dollar. $8.00 54 Proof Set. 1958 coin roof set. $39.00 55 Proof Set. 1960 coin roof set. $15.00 56 Proof Set. 1961 coin roof set. $8.00 57 Proof Set. 1962 coin roof set. $9:00 58 Proof Set. 1963 coin roof set. $9.00 59 Proof Set. 1964 coin roof set. $9.00 60 Proof Set. 1965 coin roof set. $8,00 61 Proof Set. 1968s coin roof set. $5.00 62 Proof Set. 1969s coin roof set. $5.00 63 Proof Set. 1970s coin roof set. $10.00 64 Proof Set. 1972s coin roof set. $3.50 65 Proof Set. 1973s coin roof set. $7.00 66 Proof Set. 1974s coin roof set. $7.00 67 Proof Set. 1975s coin roof set. $10.00 68 Proof Set. 1976s coin roof set. $7.00 69 Proof Set. 1977s coin roof set. $6.00 70 Coins. Whitman blue book of Jefferson Nickels. 1938-1961. $35.00 71 Coins. Whitman blue book of Jefferson Nickels. 1938-1961. $35.00 72 Coin. One 1953d dime. $0.80 73 Coin. One 1955d dime. $0.80 74 Coins. Whitinan blue book of Washington Head Quarters. 1932- • 1945. $300.00 75 Coins. Whitman blue book of Washington Head Quarters. 1932- 1945. $300.00 76 Coins. Whitman blue book of Washington Head Quarters. -1932- 1945. $300.00 77 Coins. Whitman blue book of Washington Head Quarters. 1946- 1959. $204.00 78 Coins. Whitman blue book of Washington Head Quarters. 1946- 1959. $204.00 79 Coins. Whitman blue book of Washington Head Quarters. 1946- 1959. $204.00 80 Coins. Whitman blue book of Liberty Standing Half Dollars. 1937- 1947d. $240.00 81 Coins. Whitman blue book of Liberty Standing Half Dollars. 1937- 1947d. $240.00 82 Coins. Whitman blue book of Liberty Standing Half Dollars. 1937- 1947d. $240.00 83 Coins. Whitman blue book of Ben'amin Franklin Half Dollars. 1948- $120.00 1963. 84 Coins. Whitman blue book of Benjamin Franklin Half Dollars. 1948- 1963. $120.00 85 Coins. Whitman blue book of Benjamin Franklin Half Dollars. 1948- 1963. $120.00 Total $4,901.60 ~o APPRAISAL SUMMARY (COPY) It is in my opinion, that as of d.o.d November, 14, 2008, the Fair Market Value of the personal property of Dean W. Ellerman, Sr., deceased: (Four Thousand Nine Hundred One Dollars and Sixty Cents) ($4,901.60) I~iis Appraisal v { Al~ssr~ L. d.tbne~~ C.A. 1 Director The report must be read in its entirety. The Appraisal Summary ONLY is not the appraisal report. Appraisal References Alderfer's Auction. 501 Fairground Rd. Hatfield, PA 19440. 215-393-3003. http://www.alderferfinearts.corn/ Conestoea Auction Company 768 Graystone Rd. Manheim, PA 17545. 717-898- 7284. http://www.conestogaauction.com/auctions/ eBav. http://www.ebay.com Elmer Murrav Auctions. Richard P. Murray. 717-790-2240. http://www.richardmurryauctioneer. com/ Gottshall. Ji•., Roy Auctions. 113 Forge Rd. Boiling Springs, PA 17007. 717-258-6222. Hershey, Dan Auctioneering Service. 3 Brown Rd. Shippensburg, PA 17257. 717-532- 4647. Hess Auctions. John M. Hess Auction Service, Inc. 1667 Cider Press Road Manheim, PA 17545. 717-664-5238. http://www.hess-auction.com/ F. Loney, C.A.P.P., L.P.L 2007. Personal Communication Ocker. Carl E. Auction. 4401 Philadelphia Ave. Chambersburg, PA 17201. '~17-264- 6578. http://www.kennysauction.com/ Pook &Pook. 463 East Lancaster Ave. Downingtown, PA 19335.610-296-4040. http://www:pookandpook.com ~z PRIVACY NOTICE Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal infonmation obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know• that information to assist us in providing appraisal services to you. All of our independent contractors and any third party consultants we engage are informed-that any information they see as part of an appraisal assignment is to be maintained by strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are. a party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic, and procedural safeguards that comply with our professional standards to insure the security and integrity of your information. . ]3 Statement of Qualifications Alyssa L. Loney, C.A. Presently Director and Founder of Ibis Appraisal Services. Member of Institute of Appraisal of Personal Property, American Society of Appraisers, International Society of Appraisers, and Professional Coin Grading Service. Professional Designations and Certifications ISA Course Completions - Core Course in Appraisal Studies - Antiques & Residential Contents USPAP - Uniform Standards of Professional Appraisal Practice C.A. -Certified Aonraiser of Personal Property designation earned through course work and classes provided by the Institute of Appraisal of Personal Property. Archaeological Resources Protection Act Course -Archaeological Resources Protection Act of 1979, National Historic Preservation Act of 1966, the Native American Graves Protection and Repatriation Act and the American Antiquities Act of 1906. Professional Accomplishments +!F State Historical and Underwater Archaeologist for the State of Louisiana. ~ Attended the Conservation of Indian Artifacts Symposium sponsored by the Smithsonian Institution and the Tunica-Biloxi Indian Reservation, Marksville, Louisiana. ~ Director of the West Virginia University Historical Costume Museu'rti. ~ Research Archaeologist/ Artifact Instructor for CADW (Welsh Historic' Monuments)/ University of York, England. ~ Research and Preservation Specialist for the Maryland Historical Trust: ~ Presented and published works for national and international organizations including the Society for Historical Archaeology, Middle-Atlantic Archaeology Conference, Southeastern Archaeological Conference, Louisiana Archaeological Society, and the Maryland Historical Trust. Education B.Sc. Historical Textiles and Clothing, 1992, West Virginia University, Morgantown, West Virginia, United States. M.A. Medieval Archaeology, ] 995, University of York, York, England. C.A.P.P. Certified Appraiser of Personal Property, 2001, Institute of Appraisal of Personal Property, York, Pennsylvania, United States. A.R.P.A. Certified to conduct investigations and damage assessment that pertains to violations of the United States federal, state, and local laws pertaining to archaeological sites and cultural properties. S.B.D.C. First Step Entrepreneurial Series, 2001, Kutztown University of Pennsylvania, Small Business Development Center. Conducts extensive on-site appraisals, assessments, analyses, and authentication of personal and cultural property. Operates on local, national, and international levels. Conducts research on all objects considered personal and cultural property. 14 Assumptions and Limiting Conditions The term "Fair Mazket Value", as used in this report, is defined as follows: The highest price an item would bring if the sale occurred under normal market conditions providing 1. neither the buyer or seller is acting under duress, 2. the property has been exposed on the open mazket for a reasonable length of time, 3. both the buyer and the seller are aware of the potential assets and defects, 4. no unusual circumstances are present. This appraisal was based upon the following assumptions, limitations, and conditions: 1. The information contained in this report was gathered from sources considered reliable, personal examination, research of authenticity and comparable sales and/or auction prices. 2. No responsibility is assumed for matters that are legal in nature, including, but not limited to: the representation of others concerning the value, authenticity, condition, origin, or provenance of an item appraised. 3. The appraiser assumed that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures were to be utilized, unless these were specially requested and the expenditure of funds therefore authorised. 4. The appraiser's court attendance and expert testimony report, if required, are not included as part of this report. The appraiser does have the right to refuse testimony. THE UNDERSIGNED HEREBY CERTIFIES; . 1. That I have no interest now, nor have I had an interest in the past, nor shall I contemplate an interest in the future, in the property covered by this-appraisal. 2. .That to the best of my knowledge and belief, all statements and information included. in this appraisal are-true and based upon objective findings and that no pertinent information has been knowingly withheld or deleted Sn this report. 3. That neither the employment to make this appraisal or compensation for doing so is contingent upon the value of the property. It is the firm belief of the appraiser that the information furnished in this appraisal report and the conclusions drawn from this information are true and correct, but they are not guaranteed. Ibis A Alv~ssa L. 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Enpkre: V633 Lter ; mr~u~au~a ~.esa*~c.~:va~~*+.mr+:mai i Trarsmbskm: Automa[k $OX A USEO CAB ' Orhretraln: FwD on RNue BOOk Cbsaakds° ::ciza ns`^.w/ar+,y,wsa~ca».v~r+rv :xwwmnun=asauvxce. ~uwr:,sr.;a.armaa,v~s+ern~srts.remauwav,c;nv. powered sy ,iq~„ Selected E ui meat q P Change Equipment ~' Chrysler ..... ,Standard New Yorker Alr COntltbnkig Power Steemg AM/FM Stereo 25 MRes or less Dpttonal ZIP Code 17013 ' Power Windows Tit Wheel , '. Power Door LOCks CruBe Control TO Yates Ads, Click _._ _. _ _... _._. .. I of 4 2/10/2009 10:09 PM 2004 GMC Sierra 1500 Pickup -Private Party Pricing Report -Official Kelley Blue Book... Page 1 of 2 Kelley Blue Book ~ THE iRUNTFD REFOU9cE """-~~" DonRt Buy a Used Car carfea.com , Without CARFAX' __ ~_ Home New Cars Usae Can Research a Explore News A'a Reviews Ready To buy ela::laces Loans a Insurance NBa® Green Vsea Car paces I Searm Vsea 6r psOn95 I CMlaea pn-Owns: C part Ve1:INS pM%[ Cs Flnaer kpn 0.xHrNea VlMaes GgFa% VaIN[I! Nbrory Wllrpna aatl: 0.ecently Wewea You Mlgat N% lt4e Fret Dealar price Quok Tratle-In Value Rlva[e party Value Sv99estee Retail value phOtO Gallery Compare Vehicles ~D+ Blue Book Review Consumer Ratings Find Your Next Car Specifications a~ Skepplno Teob Free GRFa% gereN CTecM GN YDw CrWR Seer. NDw Compare lnsunn[e Rates Payment Cll<ulator ERenaea WanerHy Quott Print Fpr Sale spa BUPA VfEDGR an aloe Nek Cla W11NF" BLUE BOON' PRIVATE PARTY YAIUE ,~.«„.r.„,,. Condition rya,„,,,,,,-. Value Excellent ;9,560 Oootl ;9.060 Mew mD~ Fair ;8,460 NEXT STEP. SEARCH LGCAL LISTINGS - Y ...v. ; floe GRpax Rerora Glerx PowwaD ay ~' VIN:' ' ne vmp xD probkml :.crepe eomumer RaNnp OOl RaNewe) Reaa 0.evdews Powaree nY Aale]F - 1Sf?~?{y{° L6 out of a GMC w Review Mb vehmk sierra Gxssao ,Y. Simllar,New Vehicles .. DO9O JO Niles aim ` + l$ ~ MCSinn 26N MD ulb Gb 3DN hra F2604UHr DUW „ y p :Mohr Cea 21P CNe VOll Te Vllw Ma, Glck Phony ~ Revbw Ppgbs geykn %IgIOq pffikq LIST YOUR (AR FOR SALE ~ _ Mere Rewhe Saetltl PackeH Onerl __ 5CL0''cH rt.rn naewns of Vehltla MiaM1liDh4 ~ ~~ -~ wea car shepgn. hem marl view - Mllleaw 33,OOp .coal..: ve a.e Lrrt T.enamlm.n: wtomaup Drlvlneln: aWD RND THE R14N1 GR - - ~: ---- .-- umpire Uaa/ r. Mew fS,pOp eD F10.1100 :~~ SelaReO Equipment Cbnpe leulpment 44nNN artn xew ana uaee .- Ntkup N. conalwmno crulw Wnem Iwo rent u. aNa Power Stllnnq ref/M StwtD Nl$(t.WI,eNI Titt WlrlN Sbpb compact p% Te VMw UeR GIIY YIFW ANDTNER YENI(tf seen veu - Blue BOOk PNVate Pa ~ - ^ rtY Valw ` "^' ,p~l + ~c R. Pmrte pang vawek wnat. bww un e.Hn re wr uMn geylNauKa nr rrwn a prlvNe Hrty The plyrt p o , . ! aM Value niumm Ma vehkk la fw0 'b I!' ana ornea ne wlmnq IDlher Man Me lDmi l nu n9 F%tery w%ranty). T:e noel ule wIK may very Npmalrp en M! veM1kM1 aRUal ronaltlDn eM bGl marklt [MNtbnS. Tnk roue may eq be y!!a [D NrIK Falr MarkN Value wr Mwrance ana KNN :.nacho d y r~I, ~u~ p CnAnge~ly CII~Pry purppclD, •~ e~.~• , lv T ! A A O tr~...TJ_1n t /nn/nnnn . -~"~--- Sovereign Bank ESTATE OF Dean W. Ellerman, Sr. SOCIAL SECURITY #: 201-16-2247 DATE OF DEATH: November 14. 2008 Account#: 2891_ 0~36pq TyPe~ 2891023609 In the name of: Dean W Ellerman Sr Open date: 11/1/1995 -Date of Death Balance: $9,928.87 Int.(YTD) from 1/1/2008 to 10/24/2008 Accrued interest to date of death: $132.98 $5.69 Otherlnfo: Account closed on 11/26/08. Account#: 2891031393 Type: Checkin In the name of: Dea an Sr g Open date: 7/5/1989 Date of Death Balance: Int.(YTD) from 1/1/2008 to _ Accrued interest to date of death: _ Otherlnfo: Account closed on 12/12/08. 10/24/2008 $0.15 Account#: 1678229129 Type:. In the name of:' Dea 8n Sr IRA Open date: 11/17/2003 Date of Death Balance: $5,722.06 Int.(YTD) from 1/1/2008 to Accrued interest to date of death 10/31/2008 $149.26 : Other Info: Two Primary Beneficiaries: $5.15 Linda S ease -daughter Dean Ellerman Jr.-Son to share equally in the balan ce on IRA Account#: 1678229137 Type: In the name of: Dea an Sr . IRA Open date: 3/24/2003 Date of Death Balance: $1,080.77 Int.(YTD) from 1/1/2008 to 10/31/2008 $30 69 Accrued interest to date of death: . $1.49 Other Info: Two Primary Beneficiaries: Linda Spease -daughter Dean Ellerman Jr:-Son to share equally in the balance on IRA. Page 1 of 1 Historical Quotes: Charting Tools for Looking Up a Security's Exact Closing Price - BioC... Page 1 of 1 Tk0 Hbmrkal Cuomo Iwl albwa you lp bak up a aecurryl end doairN ptln. Shnply lyp in tke rymdpl and a Ilwpncd Gale to New a Duple and mni man Mr Mar security. ~.: _ -. ~,t1 Enter Symbol: CSBR Enter Date: '. 11/142008 Champions Biotechnology Inc Frbav. Hpvemder lN, zone cipso~g wmc Opan: Hqk Low: volume: 0.35 0.50 ~ '' 0.50 T 1 ~ ~_~-% •. 0.36 -' 1,880 W ~~- Go TD Chaning ~~~ 8ppnegred Lmks AARP Auto Inaunnce Sava $388 On AutG Insurance In Minutes d You're Over 50. Free Ouote! tlartfpN.cnm/aery $1,500 Loans Now Cash Now, Faat Approval. Bad Crede OK-Get $1.SK Today. - wwwtreagloencom _ _ 2009 GovarnmenCGrants Billbna W unLlaimetl government grants available. Claim Yours! govemmenlgranlsfo2ggg.orq loans is slow ' Higher approval rate on bans up to $1,500. Funds in 1 hour or less! www. t-noorcaan-aavancea.cpm~ . TraOe ryee lpr 3e day+et ID AMEFITkADI. . IWTI1ADaa _ Scpande: aT TreOaa. Gel igd Cpmmiuion- ]0-Day 6uaranlae. Feel E.securbns Fme Trades. Clkk Men. 1b~. 92JI! JuRgPP.gRanlllE Lpn~aC-llp I Feaagpyk t!!ly 4unae aM Imepnle news, asMm financbl lppb Mtl sale from gpy_I~naiQlle~llSP-AIIbpL. CnpYngpt O Xb9 MahdWOlCh, lnc. All rlptln nseNea. By ualn9lkb site. Ypa some loins TrtrtasliJae ens Par.cyPSlky (uglaletl U]M]I Ininaay tlma prpvNea 4y IplemPhlpilaR9eLTkpeaSfLY-ICpE a aMSbn OI Inlaredlve Oam Cory. aM 9uClad lp Ie11Ln_ety;e. HlMpaul ana purtem end.ptaay aeu pmvbm ey Mmlac4sd8WaPrJ1Mg in4 RehnawDm. Mom Informaipn on rM9DL~49atl34.+Yrta?D13 ana Melr wnenl gmnpl9l sNNS. Mllaaay Dab aaleyaa IS mNYlee fy Nssaae, BN Rg minulea brmllaravAlMaea. Oaw Jones Indeve:SN eom Dow Janes 6 Com{unY. Inc. SEHN Intraday ode is gpMea ey Cpmsbck ana le al leael a0-minums aebyatl. All tludes an M local aaNalge Ilme. Mon Enlef KeywOrd~a) i SEARCH No SPIib 3-Monts Deily Lepn of Champions 9lmechnobgy Inc ]0.Day Guarantee. Llkk Hem. - - ~..e-rnnnn fsiaMOs4llMwrdc /'v Bf~LAe°°r~ L..-s""a^ 1~ Meese' OIMw Neree aka1.MM. Manrab ~ NMrMeN wan araaeo.rre fMirlaMYMY rraesleeeYreaeen: EIistorical Quotes: Charting Tools for Looking Up a Security's Exact Closing Price - BigC... Page I of 1 More TI1if HisloflWl QYOIee 1001811ow9 you to b04 up a seCYmy~ BNaG clOHlq pEOB. Slmply type in Ills aymWl ane a n6tdcal Gale Ip view a puMe n0 mqi Glen brlnal security. ?•.; Enter Symbol: DUK Enter Date:.11/14/08 ' Duke Energy Corp New Fneay, NovemMr Iq'.rJCB Goemg once. 16.64 Open_ ~,s.-,y 15.79 wnn: 4Jw,, / 1629 /11629 wnm:e: 18,676,600 Go Tc Charting ~~~~+ Spanbored Lanka AARP Auto Insurence. Over 507 Save Up To 5388 On Auto Insurance WM AARP 8 The Nartford. aaa p. Tnxlgnlo.E.pnm Solar Stock Pick • EVSO Soler Power YOpf Ppmolio. Green Energy Stock Investment www Eww116n5a10r<om 2009 Government Grants Billions of unclaimed government grants available. Dlalm Yiiursl aovemmanq,anlsbrzppe ~rB loans Money Problems? Bad Cyadit OK. Borcovi Up To 615K. Fast Approval w«w creercLOa~.com Ln_our Fnspnnns¢gmloerq.~JlarlRaLnwaR 5wnroae: ST Trines. Ful Eaaubns 100:~as t ca mo ComlMSabro ]o-oar cp.rema. Fne hatles. Click Mese. Entor Keywprdfe) 'SEARCH w-p.r caram.. Clk4 Hero. Nome AbpN Job QppOrlcejlieF LpnM ).4F Feetlglph He[p Lirenee aM Inlepnle news, cY910m MencKl loph an0 OaM !mm [}Ow JOne8511en1$olWlOns,. GopyllpM0300B MCMalWeldl, Inc. All rgpb roservaO. ay using InR sale, you earoe b me Ter!.a_pl Ua and RrlyecY FOBBy (ulMleleO aAN]I. InOeESy tlalc pNyNeO py InlefgcQy [jqq RAFI T'me-$emf.Oi. Oiublon OI IOIenGiw 001c Cory. 01tl 9ubjeG to temp Ouse. MIHOeuI qlq olrtepl erIFOlEey EH0 ycMlU py InlaroGM. pgla PIKi11p.Yq ReMRnce Pale. Moro inbnnellan on N,ASPAA ea4eF symR015 aM Ipaif artenl flnancul slabs. InlnOay Eels Oelaye0 15 mbNeb for NesOgO. aM 0o minules bf oNer ebdlenoes. Oow Jones IMexa$M Irom pow Jana 8 LpmpanY. Inc. SEHq InlraOay OqM Is proWpeE pY CwnbbG BM i3 91 teal BO.minuleb tlebyetl. AN Ouolas ere In bcel excpanpe Ome. el .. .n F .. _.. _.__._.. _~ __~yl.:..a,~,.:..,.1 /A.,F „It myn9,7a,fsanf=l.C evmhnl= PT iK.2rlncr riat 2/9/2009 f rSYm4w"Xen wic: i8v,:ynmyl n f/ ' Kama. pMgrw PIaYU 'raWNKaa Markap ': Mu0rlol pagtea ataBaOeua ~JrMrmeNTgela Pnmlam ProMcb No Splits 2 MOnln gaily Chart OI Duha Enegy f.Oq New • ~Energy® Investor Relations Cepartment P,O. Box 1005 Account Statenteizt Charlotte, NC 28201-1005 For Overnight Delivery: (704) 382-3853 CI-IARLOTTE 526 5. Church St., EC01 W (800) 488-3853 TOLL FREE Charlotte, NC 28202 vvvrrv.duke-energy.coin/investors/ 00038181 UKF42A 09005-YYNNNN 1oz DEAN W ELLERMAN R MILDRED E ELLERMAN JT TEN 20 MEETING HOUSE SPRING RD CARLISLE PA 17013 ........................... CASH INVESTED ...,... ............................... PLAN OI IDEND - ' .......................................... PLAN DIVIDEND .......................................... CASH INVESTED PLAN DIVIDEND .......................................... CASH INVESTED .............................. PLAN DIVIDEND Street City Manage Your Account Online. Visit: www.duke-energy.com/investors/online/ See reverse side. for notes and to conduct a Plan transaction. Certificate Shares: 0 NYSE CIoSe Direct Registration Shares : p,oo00 Plan Shares : 346.8920 Market Value Total Shares: 346.6920 12/31/07 02/26/08 03/24/08 06/19/08 08/18/08 09/18/08 . 11/06/08 12/18/08 Record Date Dividend Rate !~ Firm Name Participant No. Account No. upnonai mvestmems W pufcnaee aapl[IOnal snares Is avdllanle to plan participants only. Shareholders may enroll in the Plan by obtaining a copy of the prospectus either in electronic form at vv~wv,duke-energy.comflnvestors/ or in paper /orm by calling us and then signing fhe reverse side of this statement. Optional Investment Make check payahle to: Duke Energy (minimum $50 per investment) r___________________i Amount Enclosed $ Account Number 420824 Address Change only (Otherwise leave blank) State Zip Code $15.0100 Statement Date: 12/31/2008 $5,208:85 Account Number: 420824 ~ . .. ....... ........ 300.00 -. ~ ................ . ...17.9764 .., .. . -.. ' ................ .... 16.6885 ... [tlJ.taJ42 ...... ........... 300.3227 62:40 ~.........., ...... . : 18.0449 ........... ...... .... ....... 3.4580 .... ... 303.7807 66.83 ................ 18.1043 ... ...... ... ...... .... 3.6914 . ................ 307.4721 250.00 ................. 17.5997 .............. ..... 14.2048 .. ............... 321.6769 70.72 ~~• .............. . 17.8762 .. ...... _.. ~ "" 3.9561 ... " 325.6330 250.00 ............... .. 15.6855 .. ...... .. ..... 15.9383 .. ............... 341.5713 76.56 14.7650 ............. ..... 5.3207 ............... 346.8920 t 1/14/08 Certificate Record Date Shares : p.0000 1+0 23000000 YTD Taxable Income DRS Record Date Shares : 0.0000 Paid $0.00 Plan Record Date Shares : 341.5713 Reinvested : $278,51 Broker /Dealer Information ©Earned Income : $1.Iq YTD Taz Withheld : 50,W ©Tax Certification Status: CERTIFIED ( Page I of 1 ) M&~ B~anl~ Cor~t~rati~~ One M&T Plaza, 13s' Floor, Buffalo, NY 14203-2399 (716) 842-5986 Fax: (716) 842-4306 e-mail: iahartman(c~mtb.com Jessica A. Hartman Shareholder Relations Administrator December 18, 2008 (Yia facsimile) Mr. James D. Hughes, Esq. Salzmann Hughes, P.C. 354 Alexander Spring Road, Suite 1 Carlisle, Pennsylvania 17015 RE: The Estate of Mr. Dean W. Ellennan Sr. Deaz Mr. Hughes: This letter is in response [o your request for information regarding the shazes of M&T Bank Corporation ("M&T") common stock held by Mr. Dean W. Ellerman Sr. (deceased). , Chu records indicate that Mr. Ellerman owned the following certificate of M&T common stock in his own name: Certificate Number Denomination Issue Date ..0020804 1,685.00 01/09/2004 According to our records, this is the total amount of registered holdings in M&T that Mr. Ellerman owned. Also please note that Mr. Ellerman did not participate in M&T's Dividend Reinvestment Plan for Stockholders as.you had previously stated in the letter we received. Please be aware that it is possible that Mr. Ellennan may beneficially hold additional shares of M&T through a broker. In this case you would have to contact the broker for more information. For your reference I have enclosed a screen print from htto://finance.vahoo.com that indicates the closing price for M&T stock on Friday, November 14, 2008 was $65.83. Enclosed, also find that I am returning the Short Certificate and the Authorization to Release Information document that you had included with your request. The information provided is accurate to the best of our knowledge and belief. Please note that I will be sending this letter via facsimile as requested. I will also send the infottnation that I am faxing to you via overnight mail along with my business cazd for your convenience. Should you have any questions, please feel free to call me at (716) 842-5986 or a-mail jahartmanna mtb.com. Very truly yours, g~~-o- ~~tJ,s>~mtiS3,m Jessica A. Hartman Enclosures Historical Quotes: Charting Tools for Looking Up a Security's Exact Closing Price - BigC... Page 1 of 1 More Enter !~yw9rtl(s) 66AftCH ! - Apy¢euily,lµ'l~kA F xTmSS.~+14rwmdc r'~. ~~ ,dater 5mmo:.tusu. >_) llaesa Oeetes aY1W YydllabMa MrYNS ~. MlatbdaN naasaa Ma6epxee lMuarM/taeM heuiwm BMauta Tkb Mlmorcal gugx fool albws you to bok up a aecmty'a xad doake puce. akmxy Nw al ma avmlml antl a nmom:cl tlme to ww a qugb antl mim rAan ror teal xpWay. J )'~ Enter Symbol: SE Enter Date: 17/14/2008 '® Spectra Energy Corp FWdy, Noremeer d, 2008 Closlnq W'ice. 7b• 7J apxr. 17.60 Hkm: ~ 17.83 ~nw, r (,7.9 16.75 vowme 7,833,200 Ga To Charting ~~ ~ d 6ponwreq Links Hot Stock Alert - GAEC Attematkre Grcen Energy Solutions. Ethanol, BioDiesel. Growth Stdek. www.Lpiwmm~aq.eEnemv.,wm 583/Hr Job -127 Openings Wbrk 3 - 4 HourslDay, Vour Schetlule, Make 55K/M, Easy Computer Work. MksnuieoaarNewacoMFmenwnuoer - CNBC Penny Stock Alerts Follow The Big Moneyl Massive Wlnnersl FREE MOn51a51nckAetls.cnm 579IHr Job -434 Openings Meka j79/hr Working From Homa. 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'o C ~ ` U r 'p ~ N C O ` C ~ 3 a W L ~C j ~ W G ~ ~ m ~ o ~ ;c, U e O c d » ° `° °' ~ c 9 O O 3 ~ C2 ~ E o t m c `. N N u :: m 0 ~ N N % V O C % W ~ CU 7 V 9 d l4 G 1 ~" .3o E W ~i my s~ ~a ~~ c°v a N ,N ~_ ~1S I W d t N Y L 0 i+ 3 R t V d 0 d 0 R V 'i O N .. y d w y W IO M N fD L ~ t 0 ~ ° `° a ... ~, ^o W C O 9 O N N r .D DO ~ C _ ~ LL. h EPr d3 fR fR ER EA H3 b4 fR fR fH d9 fR 69 fR 4A fA 64 W ~ N r W O ~ a0 M f0 N (O O m W O V ~ N ~ r V N fV W c0 ~ V F eis » » v3 e9 ~» fn v3 us ~ <n fn v3 E» fa F» vs ss » r W n ~ ~ H a E ae N r ~ o ri 3 M a W .~. ~ ~ > ~ vs cn Fn en v> Esr yr E» Fn us En Fn ss e» vs v~ va cs3 F m ~ J c a g . T m . a a p! x ~ x ~- x ~ o N ~ o U U C.1 ~ a a a a p 'uC O Q p ~ Y O Z d L p] Ur ~ ~, O C7 N d O G 9 W U Z U Z r 3 LL g W Q Z Y f c a Q ¢ > A O > > r c ~ ~ ~ M M e ~ ~ 3 a ~ rn m ~ O ~ M ~ Q K N M ~ ~ (D r W 01 O r (V fM C N (O n W ~ ~ ~ N C 3 m r 3 U f~6 7 U t9 N O a ~ic N .'p_' N tp U d ~U h 0 ~ a °. d ~i o .~ m a C O~ `° o ~ '~ o rn c °' • o y n IL- `o U y ~ ~. ~ m °' `o d `o '~O N a~ a °c "" ~~ m c `n C O ~ ami ~ c (tl i, `m o ~ a E o m c ._ ~ N y O C ~ m a y 3 ~ ~ O W U m P. g~ T C4 7 R ~a N ,fA O W d t N Y O C *+ 7 t ++ d 0 Q R 0 'C +O+ i N H LL! G fd 41 C N U~ N ~ Y ~ Q C ~ O O ~ j t~ '6 p d ~ ~ d d C_ ~ ~ ry C ~ a~ m c m my O mU 'O .~ ~ O m d C L O FC_ t N N N ~ -°'a a O p ~ O N N aNi :d o> o am N L d ... L N Y ~ O C 3 °' m~ 7 ..: .~ a 7 0 C U '~ c0 t-. C h O ~ ya a o ~ ~ U d a c ~ a~ C a O p) m ~ ~ N R C a ~= d t V :°. F Q 0 M N M M EAI N Y N d L C U ~ ~ cV rn rn rn d' N ~ t7 (`~ N f~ ~ V fAl fRl EA d 9 • _ ~ w ~ N to Q ~ C ~ •- U ~ c 0 ~ ~ ~ 3 C ? U O N _ Cn 0] ~ ~ F ('~ C tf1 [D ai ° o O. EH 64 Efl fR ti ~ 0 ~ r W ` y > ~ W ~ '~ ~ Cn d ~ ~ U ~ ~ d7 N C -~ ] c ~ ~ `2 m c O ~` N ~ ~ ~ _ 2~ o ~ CO Oi r F U n r N 7 C 7 V Q F~- O d m L Y O 3 W r O d R a 0 A y a f6 N R O N O m N L r a U 7 U R ..y. C 7 O ~ ~ ~ N a f0 U N ~V d~ ~ N o ~ °, a'> o ~N N ~ U N ~ C ~ F~ O t .y O ~ C N Q F- _O _U ~' m ~ ~ N O o ~ ~ ~ ~yXC O Y d C C ~ ~ E ` O ~~ N ~U N C C (6 p c U m ~ d C R5 O ~ C ~ d C ~_ d N d y "~~ ~ a ~ ;n W ~ mm S 'S N p~ >. ~ A m d 02-20-'09 07:35 FROM-USAA/ *210-456-9399 1'-415 YIObL/NY1L t-41L 9800 Fredericksburg Road San Anronio, Texas 782H8 USAA' February 20, 2009 Estate of Dean W. Ellerman C!O James D. Hughes, Esquire 354 Alexander Springs Road, Ste. 1 Carlisle, PA 17015 Dear Mr. Hughes: w is the account value informa l b d tion as of November 1 4, 2008 far LiSAA o e , As you requeste Brokerage Account number ending in 1462. Registration name: Dean VJ. Ellerman SR S m-~-- Shares 54 ~~S""10 Share Price --- s1,pD Dollar Valua -"_- S- 6a,37.zS C H 2O0.D00' S1D.84 52,188.00 00 999 51 ~ CSL 100,000" 000 10D 519.99 512.34 . , 51,234.00 FTO SOV . 4,100.400' 52.39 90' 14 59,799.96 5490.00 TSN 100.000- 000 ~ 300 . 51.53 5459.00 FCH . 000" 100 56.79 5679.00 HW VSUNQ . 200.000'. 50.07. 59.77 514.00 5977.00 ATB 100.000 - 000 100 . 55.14 5814,00 CX . 000 100 511.47 51,147.00 RIO . 000"- .200 510.42 52,084.00 RCL . 000 ' 50 518.88 5944.00 SU . ~ 1pp 000 - 514.56 51,456.00 ' KOL BTO . 300.000 50.07 520.10 578,362.35 TOTAL If you need further information, please contact a member service representative at 1-800-531-8! 81. Sincerely, ~~-" Meochia Chano~` Investor Account Services USM BmkYage SWICeY 14 8 d,V161011 Of USAA Fidendel Advlcmf, lu., a nQ10C2tl bilker dealSr, H .~ O ~~ W O 0 N N C l0 N iC O ro ~ CA Y ~" L tO c U Q t ++ d 0 d r ~Q 0 ~ ~ V ' C i c ~ n 0 ~"~ fI1 2 1 y d LC ~ ~ ~ ~ ~ to ~~ ~ ~ ~ j W V C C O U N v, _ ~ 71 ~ N M o Q a d N U U d d r c 01 L N C 7 7 C N C a N ad U 7 y p C W ~ ~ U O U w ~ ' ~ ~ 'a o ayi - d m c c d -O. C r m .. ~- ~ C. d ~ d ~ 3 c d i, m a v ~ o ~o ~ U z > -o [D Y C O N U N C y ~ CO ~ ~ tl) -o ~ a N N O O U r U ~ O OS Z Z m y N. 3 d o L ~ r m ay 'O y L_ O O d m O) N 'd V 'L d L ~ d H '6 y m.: L L B '= O 7 (C Y N m 0 N 'O V ^ ~ a> r ~ m O O U d d ~L.. ~ O O ¢ ~ ~ a r~ m ~ ~ o o ~ N fM0 N r tMD f7 Ono O S y v L U > ~ ~ d ~ 'D _ N _ Q o 7 ~ x o ~ U 'yO m° y C l1 7 ~ N ~7 d !~ 3 Sj ~ __ N ~ 01 O y `. r C ~ N c d 9 ~ h C d .O U Y in N d N C ~ U ~ m° N d O j ~ a C LL ~ ~ c O n W N ' O ~ d ~ 7 ~ c O a 16 ~ ~ N A F M ~ to cG (gyp F r W Oi ~ O F Q m U p a c m U R U NU C 7 O ~ N . 7 0) a N R U ~ ~U N d N o ~ ~. a) O N d 9 U N .~ C f6 O ~ O O_ O c o y ~n f- `o U ~ N R ~ ~tl cfl °i `o d o` `~ cE U xyx O Y Q C C ~ "00 E O U O ~ N R ~ c ~ ;~ U N ry ~ C c4 O ~ c~ d C N 4) d y ~ G m "O m 3 a W v ~o s~ N ~. T S '~ W ~a H .~ O W d d t N L 0 R t •+ R 0 R 0 fQ V .` O Ty i y ~ Y ~ U N _O LL7 y r M 0 C ~ M Y 7 C~ 'O r ~ - p O ~~ O 0 h fA EA fR fR fR fR (A b4 ff7 fA b9 H3 H3 fA K! EA fA fR OMf O M ~ O ~ ~ O O LOfJ O ~ ~ N ao n O) co a) n ~ v ui ai r o cc ~ cd ~ o M ai 01 ~ ~ ~f1 O t0 N ~ O O N to O !D jp N N N ~ (O fV O tC M tLj - M ~ r (O W H i9 fA HJ 64 fR fA ER fig 64 b9 fR EH fR f9 fA Y3 ffl fA fA N ~ ~ n W ~ O V O O M O cD W O O (O O M O O N O (O N N N N ai =' a d a Y ~ ~ $ y W e9 » fH . » fR fH fA fR fA QF} ff3 fA EA fH VJ f9 lf3 fA H W D c a a a d O ° O/ o O1 o .~ O o O ~ o. M o ~ o ~ $ y a n N a"o tD N N ~ r n n o ~ O/ n ~ e . V ~ O O r ~ ~ V aD ~ N ONE an0 O O r H f7 P') V ~ N p O ONl Of O O c p C ' ~ a U d o U o ~ ° d c C E U a ° ~ ~ " U c ° a ° U m d D ? C] ~ °~ W '= ~ c m ~ Z a7 O C -m °o ~ ~' V U r O c ~ IL c 2 o r~ m ~ c i f Q ~ O ~ N CO C ~ ~ > C d ~' Q y ` W d > _ ° u ~ ~ c y m ~ . .~ ~ M p S O V C T i+1 O O O O O O O Of N O O ~ N C iy ~ 0 o o m n v o o 0 0 0 0 0 0 o o m m o o M 0 Q O ^ M N 'OV ~ M O O M p CJ r O N d N N M X W N M C ~ O r N Oi O ~ r N ~J r ~ tfi r O n N V (C 7 U RS y •- C .o m N ."~" a N tq U N ~U Q) d fq O ~ D T N m O N O) ~ U N TO C ~ o ~ `° o o ~ o N O. f' O U ~' ~ ~ m~ m ~ ~. ro o `o ~' M n ~ .O d C C "00 E: O U N N A ~ ~ C N ~ O c U R d ~ C d ~ o ~ am E o N C N ._ ~ c y ~ d 'O p~ 3 ~ a W U ~a SF N n _TQ J ~ G ma .~i C O ~~ ~~I v W Y d N Y i O C O R e0 t •+ R d Q 0 d r R V ~L rr _N _ .c ~ C fA = ~ LL ++ t0 3 a c m U 7 U N Ul C j O a N _~ m !" a "~ (0 U d U ~ y O ~ ~ ~ N N O d N ,p U w .'gyp C ~ _O ~ ~ O_ O v~ C w 'y O L ~' I- p U ~' N ~ ~ R ~ d `o o` `~ ~ ~ a ~ o ~ a~ °c ~' a ~ U N ~ R R C N R O C V C ~ R d ~ C d~ O ~ a~ aEi c n d U w ~ C ~ m 7 d U a S 0 1 v ~~ s~ N ~ a ~ ~ N oa 's H a C ~' ui U ~ ui m Y ~ 1~ ~ C ISi ~ O O ~ W ~~ V p y - N ~p d N C_ Q N C ~ a °' c .~ .€ b ~ a m -o ~ o N U > .0 ~ N O m ~ C O_ C N .a a ++ O d v d W p t N N Y d .~. L O1 O O nd N L ~ d .-~ Y C _3 ~~ "O C .Z ~ L a~ ~ c ~ d Q ~c N w O •`- a ~ m m t0 0 ~ _~ ~ U ..L. ~ p~ "O V c m ~i a rt~+ ~ C N 'o O ry m L ~ ~ ~ y Qc y ..~_ q~+ N +~-~ W ~ ~ mm g$ N p~ >. ~ ~ ~ ~ro ~ a r i 8, .~ N s m ~ ~ r O N f0 p) pip ~ ~ M ' ~ a d r N Y ~ 9 ~ Q = g o y L d 7 V U ~ ~ l0 W H +- N H Q 61 d j d N N ~ C C U ~ c ~ LL U~ c O ~ ' U cn m ~ ~ co V u) cD 5i O ~ o d ~ ~ c a .' ~ a d "O ~ U O U [q N `1 m C W U ` ~ C 0] ~ c N O a 0 ~ ~ W = ~ ~ d N h ~ c ~ U N ~ "' ~ t~ ~ Oi O U U U fII .N.. O ~ ~. d d N ~ U d ~U d h o ~ a °. d d o m ~ 9 U N ~ C (II O ~ ~O G Vim. 'y O L ~" F- `p U ~' N t9 ~ ~~ m ~ N 'O c 7 V Q F O d z Y 0 m N a 0 N N y O m N m N O y x ~s f6 U N N "O O d C o d C p~ ~ U R ~ m U N c ~ ~ o =U m a~i ~ C o ~ a ~' N G h y vi w ~ m 'O N 3 a a ~ W U S. W. Barrett Real Estate 8r Appraisal Services APPRAISAL OF °"t R*unl .rim~.' • Ea -'m. ,:s,.~,.a ~s as. . ..r .a____. '~~. y g ~ p } ~~-9~t 3,4~,~i~1'~y~ N~~~ }[ry{~ t 1 ~ ~ . ~~ , ,.`- ~ l\ ~~ ~ ~ ~ 7~ r 1~ ~ ~i~ V N ~t 't ~ .w. 4y'°r ~ Y ~ - LOCATED AT: 20 Meeting House Road Carlisle, PA 17013-1728 FOR: Jim Hughes, Esquire 60 West Pomfret Street Carlisle, PA 17013 AS OF: November 14, 2006 BY: Stan A. Skowronek~ Certified Residential Appraiser S. W. Barrett Real Estate & Appraisal Services 02/16/2009 Jim Hughes, Esquire 60 West Pomfret Street Carlisle, PA 17013 file Number: 09-0039 In accordance with your request, I have appraised the real property at: 20 Meeting House Road Carlisle, PA 17013-1728 _ The purpose of this appraisal is to develop anopinion of the defned value o(the subject property, as improved, The property rights appraised are the fee simple interest In the site and improvements. In my opinion, the defined value of the property as of November 14, 2008 i s: 5200,000 Two Hundred Thousand Dollars The attached report contains the description, analysis and supportive data far the conclusions, final opinion of value, descriptive photographs, assignment conditions and appropriate certifications. Respectfully submitted, .;<<~, ~«~~tirk Stan A. Skowronek Certified Residential Appraiser ' SUMMARY APPRAISAL REPORT Residential Appraisal Report File NO 09-0039 "he purpose of Nis appraisal report isto provitle the rlienl wflhaaedible opinion o(the defined value of the subleCl properry,yiven lne lnlentled use of the appraisal. Client Namenmended User Jim Hughes Esquire E~ 'I NIA ' diem Address 60 West Pomfret SVee[ cN Carlisle slats PA zi 17013 Aadrtipnal orcentlea user(s) The lnlentled User of this a sisal re ort is [he Client. No additional intended Users are ermittetl without the permission of the appraiser(s). Imendea use The Intended Use is to evaluate the ro ert that is the sub-ect of this a sisal tp rovide [he Client with an accurate and ode uatel su ooed o inion of value. no x Aaarem 20 Meetin House Road ci Carlisle State PA Z 17013-1726 Owner of Public fterna Elierman,Dean coon Cumberland Le al Desm ton See legal description Assessors Parcel k 29-20-1791794-106 Tax year OB/09 RE. Taxes S 2 972.00 Nevi nborhood Name North Middl¢ton Townshi Ma Reference 20-1794 Cansus Tract 0119.01 Rp er Ri hlsA raised X Fee Sim le Leasenoltl Other desmbe' M research tlitl Xda not reveal~p I t f (th D 10<D Ntor th rh y pr In Hecrve tlate oRhisa sisal. prior 5aletTrancler'. Date 03124N 950 Price 1 Sour s Deed ' Analvsb cl aior saleatransfer nismry of the sublectpmperry(and comparable sales, if applicable) NO prior transfers Of the subject within the oat 36 months nor were there any pdor tra sfers of the comparables w'thin 12 months of their sale date. Oearinys.pptions and wntacts as of the efleUive date of the appraisal NIA INigbbwheetl Ohractarlelln Om-UnltRweirg Tnrda OM-0nlt HOUalrq RaamtLaM UUX Location lNban X Suburban Rural Ro a Values Inaeasin X Blable Oadinin ~ PRICE AGE One~Unil 92 X BuilnU X pa ]5% 15x5% Under ZS% Demantllau I shorts e X In Balance der Su 000 rs 1J Unit 0 % Gowth Ra id X Stable Slow Maketin Time Under? mtha X 18 mlhs Orer6mths 140. LOw N¢W Mulli~FamiP 0% NeiynUwhood Bountlaries The subject is bounded on the north by Interstate 76 on the east b .325 Hi~ n 60 commacal 8 X Siaady Ln, on the south by Walnut St and on the west by Meeting House Rd. 170 Aea. 45 olner 1s Neghhomo«t Desaiptlon The sJecl is located amongst homes of varying size age style and ualit with some commercial use within the neighborhood. It is within close roximi to ammenities such as schools sho in and em Ito men). Market Condltiom (indutling support br Inc abpve condusons) See AHached Addendum. Dimensiom 90 x 187 z 90 z 197 sea .39 Acre mli snaps Rectangular yew Residential s ecinc zoom cussifiwton R-1 zpnin Dmai ton Suburban Residential Zoning Cam lianre X Le aI L al Nomm~lprrnin Gandlalhered Use No 2oni Ille al describe ' Is Ne highest and best use oRhe subject gpperN as improved(br as proposetl per plans antl speufirationsl the pesent use? X Yes No IF NO, tlesaiba. t Xllltlea' Public Otner Ma[ribe Public Olber lMSOlba ~ On-vita lm a mb-i PUbllc Privara _ Electricity X Water X Slraet Macadam X Gas Sanilar Sewer X Alle None __ sne commenu There are lio apparent adverse easements encroachments or other adverse condition GENERAL DESCRIPTION Units _ X One Ona with Acceswr Unil k of Senes 1 FOUNDATION Concrete Slab X Crawl S ace FNI Basement X Partial Basement E%TERIDR DESCRIPTION - mateials Foundation Walls COnC BIk/AV Exterior Walb Brick/Av INTERIOR materials Floors HWIC tlVlAv `halls D alllAv YYpp T - 'X Det AR. _ 5-Det.lEnd UnA ,%E.ish~ Pruposetl Unda LOpSI. Basemen)~ea 1232s.n. Basement Finish 50% Roof SUnace CompoShgle/Av Gutt¢sBDOwns outs Aluminum/AV uimrFinisn Wood/Av p Bah Floor CVCeR/Av Design (Style) 1 Story Outsitle Enh iExit Sum Pum Window Typa DOUble HunglAV- bath Wainswt D all/Av 'tear Built 1950 Storm Sash/Insulated Thermal/Av Car 5tora a None E!kgive a Vrs 20-25 Screens YeslAv X Q-ivewa pot Cars 4 NM1C Pbne Heahn F'NA X HWBB Radiant Amenities WootlSlove(s)k Orivew Surtace M3Cadam Ii~Drop Btak _ Stairs GIM1er Fuel Oil X Fire lac s p 1 fence X Gara a pof Cars 2 Floor X Finisned n liances Rehi aalo Scuhle heated r X Ran ei0ven Conlin X Cenkal Air COntli:ionin Polio/Deck X Pprch Car art pot Cars Indwidual Other Pool OIM1er X AIL Oel. Built+n X ~Olshwasher X 01 psal Microwave 'NasherlGr er 00c desuine Finished area above arose contains. ?Rooms 3Betlropms 2Ba1N,5) 22475puare Feet of Gross Living Nea Above Gatle ' Mdmonal Faawres Front covered orch. Wood stoves in first floor famil room and finishetl area of the basement. comments on me Improvements Improvements are in average condition with no physical or functional inadequacies noted. ..__.._-. ~...... .~.,..n.rn...,,,sa. ,r, w..~~.v~~eomsm ._,.,._.-.-_.~o....._..._..,ip~~n.ni"'as ADDENDUM Borrower: Dean ELLERMAN, Estate File No.: 09-0039 Property Atld 20 M f g H R d ~ Case Na'. ~'~ Ca I'sl Slate' PA Zip. t70t3-1728 Lender. Jirn Hughes. Esquire Neighborhood Market Conditions Property values have continued to appreciate in 2008, although at a slower pace than in previous years. Local multi-list data Indicates an appreciation rate of 2% in the past calendar year in the subjects market area, with an average marketing time of 90-t SOdays. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however, there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developments, as well as ressales available in the neighborhood. SUMMARY APPRAISAL REPORT Residential Appraisal Report FaeNp. os-aB3s FEATURE __~_ SGBJECT ~ COMPARABLE SALE N0. 1 COMPARABLE SPL_E N0.2 COMPARABLE TALE N0. J 20 Meeting House Road Wdress Carlisle 17013 852 W. North Street Carlisle 17013 108 Willow View Drive C~3 911 W. South Street Carlisle 17013 Pooeimiry lp subject 0.29 MI ENE 3.1 MI ENE 0.51 MI ESE Sale Price E E 192 000 5 185 000 3 193 000' Sale Ai¢GOSS LN Mee S 0.00 R. S 102.02 sg. R.' 4_112.94 s R. 5 127.31 R. ''. oats soam s Ina action CPMLS 10162621 CPMLS 10154637 CPMLS 10155272 yamcaucn 4ourms Courthouse Courthouse Courthouse Courthouse VALUE AOJUSTMENT4 OESCRIPTICN DESCRIPTION N~ISaaunmxt DESCRIPTION N4su um DESCRIP710N ;SanPnm.m I sale a Finandng Concessiore None,COnv DOM 41 None,COnv DOM 101 None, Conv DOM i6 oate or Ealertime NIA 08/1212008 02/28/2008 12/17/2007 Locarm Subwban Suburban Suburban Suburban Le-asenolmF<e single Fee Sim le Fee Sim le Fee Sim fe Fee SIm le '~ Site FJiaw .39 AclAvb Residential .4fi Ac/Av Residential .39 Ac1Av Residential .50 Ac1Av Residential oesign~tyle~ 1 Sto i Story 1 S[o i Sto eeaury or consbuction Avera a Avera e - Avera a Avera e Actual a 59 Veers 45 Years 22 Veers 2,500 50 Veers Condition Avera a Av IGood -5 % -9 600 Av IGood -5 % -9 250 Av /Good -5 % -9 650 AbOVe (aratla inel a6me Bnne TtlM Bdma Balb TN.M Bbmn Bans 'ati 06mf. OaN, Room COUm 7 3 2 7 _ 3 2 7 3 1.5 2 000 6 3 7 4 000 Goss LMhx,LArea20.00 2 247 R _J882 rt. 7 300 1,638 rt. 12 180 1 516 tt. 14 620 I aasemem EFlmsnee Rooms Below Gaae Partial Bsmt Rec ROOm Full Bamt Unfinished -2,000 2000 Full Bsmt Unfinished -2,000 2000 Full Bamt Unfinished -2,000 2000 Functional uffi Average Avera a Avera a Avers a Nealin IGOOIin H WBB/CA FHAICA HPICA FHAICA Energy Elfidenl uems _ Typical T Teal T Teal Typcal Gars etc on 2 Car Gara e 1 Car Car art 7 500 2 Car Gara e 2 Car Gara e Porm/PatiolDea Porch Patios 2 500 PorehlDeck -2 500 Porch _ 1 Fire lace 2 Flre laces -3 000 -None 000 1 Fire lace __ Store a Shed None 2,500 None 2 500 None 2 500 Net adjustment Total_ X v S 16 800 X ~ S 10 430 X . 5 11 470 kljusted Sale Price o1 COm aahles Net Adj. 8.8% Gros rv'. 14.0% S 208800 Net Adj. 5.6% truss Atl'. 20.5°h 4 195430 Net Mj. 5.9°4 Goss oa'. 16.0% E 204470 summary or sales ron,parison Approach Opinion of value range. is $195 000 to $209 000. Condition adjustments reflect the comparables Navin been recent) renovated and/or remodeled. These are the best sales cum ambles known to be a4ailable. COST APPpOACR iO VAWE Site Value GOmmems A two veer review of land sales did not locate any sales within the sub~ects marke therefore the o inion of value for the site is based upon the 200d tax assessment /adjusted for time). 2004 tax assessment - $22.710 (rD 111 % _ $25, 208 oL1 105 % _ $28 469 (®' 102 % _ $ 26,998 -SAY - 27 000 ESTIMATED REPROWCTION UR REPLACEMENTCOST NEW OPINIONOFSITE VALUE._......__ .........................._$ 27000 Source of Wsl data Dwellin Sq. FL N 8 . _ $ 0 ~ Ouali rating Nom mst service Efledive tlale of cost data Ft. S =8 0 Comments an COS)Approach(gross living area mlculalans. eeprscialbn, etc. Cost Approach deemed a Poor indicator of value d_ue to age Gar e1Car ort Fe E .....,,. = 8 0 • o_f_the improvements. Estimated Remainin Economic Life- Total Esbmale or CoshNew _._.._...=8 0 35.40 years. Less Ph sirs/ Functbnal E»ernal _ Oe eciation = 8 0' _ Oe eciatetl Gosz of lm mvements _...._ _..__..... ...=S 0 "AS~iS"Value of Site m rpvementa ...... ............... _$ - INDICATED VALUE BVCOST APPROACH.... =4 N!A INCOME APPROACH iO VALUE Estimated Monthly Markel Rent S N/A X Goss Rem MOIA liar N/A =E N/A InAicataA Value b Income A roam • Summary of lnrgme ApprOd<n(indutling support for make/ rent antl GRMI N/A ' Ineleaeea vmueD sales eem a-ne A ns 200000 eoszA eh Bt a•.aevaefs NIA meem. AR ream xtlevete a s NIA L_p--P~__~--~~ the Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not tleemetl an appro riate indicator of value due to the age of the subject and therefore was not included herein. The Income Approach was also deemetl inappropriate for this analysis. Tnis appraisal is made X 'as is; subjed to mmplelipn per plans and specifiraNOns on Ina basis of a nypothelical mntlNien That the Imprevemenls have been completed. I~subjecl to the hlbwing repairs or altaalipns on lne basis ola hypolheliraltondilien thaltnerepairsIXdllaalipns have been templeled ^subj¢et t0 the bllowing' The Properts~has teen appraised in curront condition. This is for the clients use only. Basetl on the scope of work, assumptions, IimilinB conditions and appraiser's certification, my (ourj opinion of the tlefined value of the real property that Is the subject orihls report is E 200 000 as el 1111 412 0 0 8 which is the aeective date of this appraisal. ..ro,w.,m,xi.n,.,,. ros n. m-. ,.,..,..rom~, .,„rom:.,e.~eeiezws.z~.n°:u'i:ep i~r~,o..am.~nvei. a.,..a n .~. .rat ,zrzaos RIe NO. p9-0039 Scope of Work, Assumptions and Limiting Conditions Scope of work is delinatl in the Uniform Standartle of Professional Appraisal Practice as"the type and extant of research and analyses in an assignment." In short, acopa of work is simply what the appraiser ditl and did not do during the course pf the aaalgnmant. Il includes. but is not I Imitetl to: Ihs extant to which the property is Identified antl inspected, the type antl extent pl data reaearehetl, the type and extent of analyses applied to arrive al opinions or conclusions. The acopa of this appraisal and ensuing discussion in this report are specific to lha neetls of the client. other Identified intentletl users antl to the intendetl use of the report. This report was prepared for the epic and asclmive use of [he client antl other itlentifiatl intentlad ufan for the itlentlfietl intentlad use antl its use by any othx portico is prohibltatl. Tha appraiser is not rasponalble Iqr unauthorized uss of the report. The appraiser's certiflcallon appearing in this appraisal report is subject to the following contlitlons antl to such other specific conditions as are sal forth by the appraiser in the report. All eztraordinary assumptions antl hypolhetlcal conditions are stated in the capon and might have aMectaO the assignment resulb. t. The appraise assumes no responsibility for maben of a legal nature a%eding the aoparyappraissd cr title thereto, nor does the appraiser render any opinion as to the title, which is assumetl to be good and marketable. the prapa;Y is appraisetl as though untla responsible pwnarship. 2. My sketch in this report may show apPmximale dimensions and is Included only to assist the reader In visualising the popey. The appraiser has made no survey el the property. 3. The appraiser is nptrequirep to give testimony or appear in court because of having made [he appraisal with reference to the properly in question, unless arangemenb have been p(PVipa9y matl0 thaelp. a Neither all. nw any eat of the content of this report copy or other media thereof(Indutling conclusions as to the aopay value,!he ltlentiry of the appraises Orofessional designatipns, or the firm with which the appraiser is conne<tetl), snail be used br any purposes by anyone but the client and other Intended users as identified In !bs report nor shall it be conveyed by anypna 1p the public through atlvertising. pubtk relations, news, sales, a other media. without the written wnsent of Ne appraiser. 5. Tne appraiser will no! discbse the contents of this appraisal report unless requvetl by applicable law or as speciried iii the Uniform Standards pf Professional Appraisal Practice. 6. Information, estimates, antl opinions furnished to the appraiser, and conlainetl in the report, were oblainatl hem sources consideretl reliable and believed ;o be bue and settee. Hpwaver. no respensibiliry for acaracy of such items furnished to the appraiser is assumed by the appraise. 7. The apP'aisa assumes That Ihae are np hidden or unapparent wntlitipns of the popery, subsoil, or structures, which weultl render it more a less valuable. The appraiser assumes no responsibility for such conditions, w M engmeaing or testing, which mghl be requsetl to discover such factors. This appraisal is opt an environmental assessment of the properly and should no[ be mnsitleratl as such. B. The appraises specializes in the valuation of real property and is note home inspedpr builtling contractor 5tralural'enginea,wsimilar expert. unless otherwise noted The appraiser tlitl opt conduct the intensive type of fieM obaavahons of the kind'mtentled tq seek and tliswver poDerry dekns. The viewing of the prpperry and any imwpvements Is fpr purposes pf tlevelopiny an opinion of the tlefinetl value of the property, given the intended use pl this assignment. Slatemenfs regarding mnditwn are based on surface observations only. Tha appraiser claims no special expertise regadinp issues including. but not limited ter. foundation Selllement, basement moisture problems, waotl desboying (or oNeQ insects, pest infestation radon gas, lead based Paint, mold a environmental issues. Unless otherwise indicated, machaniWlsystems were npl attivaled a tested. This appraisal repel should nal ba used to tlisdose the condition of the pope[fy as ll relates to the pesencelabsenm of defects. The client is invited antl encouraged to employ quallfietl experts [o inspect antl address areas pl concern. If negative conditions ere discovered, the opinion of value may ba a%acted. Unless otherwise noted, the appraiser assumes the components that conatilute the subject property improvement(si are fundamentally sound and in working order. - Any viewing o(the property by the appraises was limited tp readily observable areas. Unless otherwise noted, attics and aawl space areas were not accessed. The apaaiser tlid oat move Nrnlture,door coverings or other items that may restrict the viewing of the property, 9. APPralsala Involving hypgUelical mndiliens relatetl to mmpletipn of new con5lrudioq repairs w altaratien aze based on the assumption that such completion, altaalisn w mpaks will be competently performed - ' 1U. UnlesS the intentletlvse of this appraisal spedfically indgdes issues ofproperty inswana coverage, this apaaisal shoultl not De used br suph purppaes. Reproduction or Replacement coat rgures used In the cost aDWOach are br valuation purposes any, given the~intentled use of the assignment TheUe(nilion at Value usetl In this assignment is unlikely , to be consislenl with Inc definition of Inswable Value for property insurance coveragaluse. ~ ~ - 11. The AOI General Purpose ApDralaal Report (GPAR*") la not intentletl for uza in lransactiona that rapuira a Fannie Mae lggd/Fretldia Mac ]g form, also known as the Uniform Rasidanllal Appraisal Report (URARt. - Atldilional Comments Related To Scope Of Work, Assumptions and Limiting Conditions None Ftle Np. as-go39 Appraiser's Certification The appraiavls) certilies that, to the beat a/the appraiser's knowledge antl belie/: t The statement of tact contained In th'o report xa true and mnect. 2. The repoded anatyses, opinions, and mndus'rons are limited only by the repdrtetl assumptions and limiting mndllions and are the personal, impartial, and unbiased professional analyses, opinicns, and conclusions. - ' 3. Unless pthMVise staled, the appraise has np pmsen[ or prospective inleesl in the properly that is the sublect pf Ihis report antl has no perwnel interest with respect Ip the parties Involved. d. The appraiser has no bias with respect tp Ike aopxty Thal Is the subject of Ihis report or to the pxlies involved vtilh Ihis assignment. 5. The apaaiser's engagemenfrn tfiis assgnmenl was not contingent upon devebping aieporting aetletamined results. 6. The apaaisers mmpensahon kr mmpleling(hrs assignment is not mnhngenl upon the development or reporting eta predeterminetl value or tlirecAOnin value that lavers (ha cause pf the Lllenl, the amount of the value opinion, the adainment of a stipulaletl result, or the occurrence of a subsequent even) directly related to the intentled use al Ihis appraisal. ~. T1a dpplai5a!'S andlyse%. apini0ns, dnd mllCllsiana Wale deVQOPed, and Ih15 rePIXf ha4 been plepaled, In confOrNlty Wllh Iha Unltolm $landa(d4 pl PrpI8551pna Apprdl5al plactiLe. 8. Unless pthxvnse notetl. the appraise Ilan made a pxsonal inspection of the Poperry that is Ne subject of this report. 9. UnleaenolM bebw..no one Povidetl sgni6wnt real property appraisal assistance to the appraiser signing this wrtrfiration. Significant real Poperry appraisal assistance provided by. Atltlilional Certiricatlons: None Oefinlllon of Vahie: ^X Markel Valua ^Othar Velue: Source of Definition USPAP The most probable price in terms of money which a property should bring in 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. ADORE$$ OF THE PROPERTY APPRAISED: 20 Moelinq_HOUSe Road Carlisle, PA t7013-1728 EFFECTIVE DATE OF THE APPRAISAL' 11!1412008 APPRAISED VPLUE OF TI1E SUOIECT PROPERTY $ 200.000 APPRAISER Name. Stan A. Skowronek~ Stale Certification p RL001672L or License e or ONer (desaibe)-. Elate k: State: PA Expiralbrt data of Cedifirali^n a t' anse: June JO 2009 Dale of $ynature and Rapat: 12H6/2009 Date of Rpverry viewing'. 01/3012009 Degree of Papery viewing: olntxia and Exterior ^Exleria Only ^ON not pesonally view SUPERVISORY APPRAISER _~~ C`. Signature: ~_.S'-~- , Name: Steven W Barrett. SRPA SRA ASA State CertificatbnM GA000296L pr Licensek RB-026921-A Slate: PA_ Eapvahon Data orCxtif¢alion or License: June JO 2009 Date cl $ignxura: ~ 02/16/2009 Date al Rppxry VieMng: 01130/2009 ~~D~~etgree of Poperry viewing: Inllnleia and Exleria ^Exleria Only ^Dltl not personally view FLOORPLAN Sketch by gpex IV Wineows'"' Cove AREA CALCULATIONS SUMMARY eeacription ' Size. Toble GLAl Firat 81ooe 33 C]. o0 221'1.00 ~P/P Caored Parch 23<. 00 Cevazad Stoop 31. 00 3<5.00 GM Tvo Cai Gara9a <BO . 00 <90.00 TOTAL LIVABLE (rounded) 2247 ' LIVING AREA BREAKDOWN ' Breaktlown 9ublo9ala Pirst Fleer 20.0 a LB.O 960.00 16.0 x 39.0 999.00 ].a ao.o ze o.oo ~. 13.o x U A 559.00 4 Areas Total (rounded) 2247 SUBJECT PROPERTY PHOTO ADDENDUM i _-- FRONT VIEW OF SUBJECT PROPERTY Appraised Date: November 14, 2008 Appraised Value: $ 200,000 REAR VIEW OF SUBJECT PROPERTY _,..,._. ,f, ~~v j) f 1 ~ •` COMPARABLE SALE#1 852 W. North Street t Carlisle 17013 I ~~ ~ Sale Date: 0 811 212 0 0 8 _ _ ~ Sale Price: $ 192,000 COMPARABLE SALE#2 108 Willow View Drive Carlisle 17013 Sale~Date: 0212812008 Sale Price: $ 185,000 rnMPdRARI F PROPERTY PHOTO ADDENDUM LOCATION MAP Sty ~-J ~~ aL~~,' e -l~ 1. ~:;c~r ~^ ~U' ~"~ 5r~1 ~ :,~'Pa q` I ., +. rv (~ S k' j.. 'nib'`.. a ,le ~~i 4 ~-- p.'~:~flaRh ~~ \ ~1~ SrYin<1 -5 ?;~ C m ~A YSn o `G, 5 1" ~ ,,,,n ~ °~»el„ u`r C. Middle ex Dr ~I ~1+ s ~~ ~i~ ~ ~~ ho,~,n'4Tr ~~ ]1'0!~ r`~ve ~t oM? `11j a < a G` vO ~~a 11L~ ~f1/~{l6 X \A n \rp rG O ~ ~ f- 1 ~ It15" ~ Ill `ip eL ,~Y~ fe Ca Pq Or / i 2 Pert' ~'~., a<~~S` S~0->.yr Cmr ~A//~/0 E1Ca~. 11 -i ~ x+ ~ LOIII let. u Gar/is/f~i 1~~~-' :ems ~ D ~.tiisl ~I~ 1~ c~ m cY.Ln .4sf .~ ~ ~'D~ a. i j r ~ ~ 1 ~,~ -U)09 j¢V~tA~aa Re Inc ~ on. 1~"`l'E" "„ Carlisle / ire ,.~~ E]FI!fleli5 -'~~ Gail ~elSC ~~5'~' <. ~-~--Cveystone Rd a ~~~'~~" I ~ ~ ~ „~ ~Sal`ue/s Dr ~~~ ~ 1ePp, T ,~ of eS5 ~•~ -' - w l M ~ ~ o '' = ~ VVV ,~ avaFe A1 f k 1 G ~~ al Lin ~vee U sn ~'' ~^ ~ ~~ ,~ Qa P., p;e ~.~ ~v: F --{ ' -'~~ ~l~ ~. Grab nvdch Or y l ~~, ~~ o "'f~'R,Ie I ~~ ~l or E e ` ~ i ~ ~~ is ,a ; ~ ~ ~ "' Lin;fsey R~I ~ ~___ j Prepared tty Steven W. Barrett R E Apor Svc. N i 2A39G:JO i I it I FbodMap Legend t:aoa mnez Ness •sngetrtl ey MPyeer nsatlrng Afes aUSbaprtke IOO. Mtl 5A0.yeu aood9laax Arses raSrMMetl by 100.yU1 nrodfng Aleps SMSdAIad Oy i0g.yfar 11c4dingvdlk wwcdy kaxdd ekee..ryeraea FkgdWN Alerf lWe vpoaay hasartl AraA! b pMeYrmlMtl bd pafiON N:pA haaertlf _, Asses n.l mAagad 4t myputnLMdfIRM - FI00t1 IIIlOFlllntlnll Cnmmun¢v: 420:ryP - nr~P,7H MIDDLETON, TOIILNSHIP Of Pmpxrty is nm in a F 6A4 special flood hasaM area. r.Cp lLmbcn 44e38) C010a bhp Oro: OMD I/Vla: .Panel: WIDE FIPS: 4:041 .one: c Neaher Transamerica Flond Havant Gnificatien RFH D) nor ACI maMe any repre SeMatons cr wanaMies [o any party ccncening tM cOmeM, aocuncy a COmpMeneiS Of [his n00d NDOrt. inCUlinO anV war2M'! 01 InemhNMa611'V a tdnass is a paticular purpose. IleaMr TFHC nor PL I nor the sa'ler o1 [Ais Hood repon shall have any lak.ilrtv M arv thid paay for any use m misase o' this floof repM. *******" QUALIFICATIONS *"***"' The following checketl items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the suhject property, the comparables sales, and their Oeighborhoods and locations. Unless otherwise noted, the contlitions that apply to the subject property or the comparable sales usetl DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. _1. The subject is located in a rural area and is less than 26 % built-up. ~~, _x_2. Commercialllndustrial uses are located within the subject's neighborhood. These uses are typical of similar ' neighborhoods. _3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for ' the area. x_4. The predominant value in the neighborhood is less than that of the market value of the subject property. This it is due to the very wide range of value of properties in the area and superior quality of [he subject property. _S. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and it suggested. i I _6. Dampness is notetl in the basement of the subject. Standing or running water was not present on basement floor. This cantlilion is considered typical in dwellings of this style. ' 7. The subject property is serviced by private well andlor septic systems which is common for the area. 1 _x 8. The suhject is older than five(6) years. All rdechanical systems including the heating, electrical and plumbing ' systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. I ' _9. Repair items were noted in the comments section of the report. These cdmments on repair items are for 'i descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. - '. _70. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. ~ ~ '; _ I I, _11. The subject property does contain functional obsolescence as noted~in the report. This condition is - - ' '~ considered typical and common for the area and this style dwelling. _12. The land value exceeds 30 % of total value due to the high demand for vacant land in this neighborhood: This '~i condition is considered common and typical (ar the neighborhood. _13. The land value ezceetls 30% of total value. This is due to the large size of the site. This condition is , ~ it considered to be typical and common. ~ " ed due to lack of more _14. Individual adjustments were required that exceed 16%. These adjustments were requu similar comparables on that individual rating. All comparables used are the hest available. _ ~, k of com arable sales that were more similar in the _15. Total adjustments exceed 26%. This is due to the lac p subject's market area. All comparables usetl are the best available. _x 16. One ar more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have soltl recently; therefore, sales in excess of six(6) months have to be used. All comparables used are the best available. _x_17. One or more comparables used were in excess of one (1) mile from the subject property. Although there are ~' comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All wmparables used are located in similar neighborhoods and within the same ~, marketing area. All comparables used are the best available. ' _78. The electrical system was not connected during inspection. 19. The water service was not connected during inspection. _20. The heating system was shut down during inspection. _21. Roofing_Plumbing_Electrical_Heating_certification(s) is/are suggested. _22. Inground swimming peol_~ out buildings are included_,not included according to lender's guidelines. _23. According to lender's guidelines a maximum of_acres were considered for this valuation. Remaining acreage was given no value. ---------------- "****"`**QUALIFICATIONS "`**"""* _24. The subject property is located on a private road. _25. Wood infestation inspection is suggested. x 26. Last recorded deed transfer: Date_0 312 411 9 5 0_, Consideration: S_1.00 _ _ _27. Proposed constructionlrenovation in accordance to plans and specifications to be completetl in a workman-like manner. _28. Seller is paying part or all of closing costs. _x_29. All comparable sales are verified closed sales. _x_30, There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. *"*""***" OUALIFIGATIONS "«*«"*"** Confidentiality and Security Policy We consider privacy [o be fundamental to our relationship with clients. We era committed to maintaining the confidentiality, integrity antl security of clients' personal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need to know this Information to comply with federal standards to protect your nonpublic personal information. We do not disclose this information about you or any former consumers or customers to anyone, except as permitted by law. The law permits us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When wa share nonpublic information referred to above, the information is made available for limitetl purposes antl under controlled circumstances. Ws require third parties to comply with our standards for security and confientiality. We tlo not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent, sell, trade ar otherwise release or disclose information to any other party. I Education I ~. As of the date of this report, land/or Steven W. Barrett, SRPA, SRA, ASA have completed the requirements under the continuing education program of the Appraisal Institute. S. W. Barrett Real Estate 8 Appraisal Services S. W. Barrett Real Estate 8 Appraisal Services 02/1612009 Jim Hughes, Esquire 60 West Pomfret Street Carlisle, PA 17013 File Number: 09-0040 In accordance with your request, I have appraised the real property at: Elk Hill Road Newville, PA 77241 The purpose ot~this appraisal is to develop an opinion of the defined value of the subject prpparty, asimproved.. _ , The property rights appraised are the leasehold interest in the site and improvements. In my opinion, the defined value of the properly as of November 14, 2009 is: 5100,000 One Hundred Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions,. final opinion of value, descriptive photographs, assignment conditions and appropriate certifications. Respectfully submitted ~~c~.~k Stan A. Skowronek Certified Residential Appraiser Summary Residential Appraisal Report File No o9-ooaa the purpose of this appaisal report is to apvide the client with a credible opinion of the definatl valve of the subject property, given the inlentlatl use of the appaisal. client NameAntendetl User Jim Hu has Es wire E-mail NIA client Addrasa 80 West Pomfret SVeet c Carlisle stale PA Zi 77013 /tldillonal Inlandetl U a The Intended User of this a raisal re ort is the Client. No edditlonal Intended Users are ermined without the rmisaion of the apprelser s . Imended use The Intended Usa is to evaluate the roe that is the sub'ect of this a raisal to rovide the Client with an accurate and ade natal au orled o anion of value. Roe Address Elk Hill Roatl ci Newville slate PA Zi 77241 Gwnm of Pomm Remre Ellerman Dean coon Cumberland L al Desai Lion See le al dasCrl lion " Assesea's Parcel # 15-03-0059-0440030060 Tas year 08/09 R.E. Taxes 8 863.00 Nei hborMOd Name Lower Mifflin TOwnahi Ma Rafaence 03-0059 Census Trac10130.00 Ro er R hls ailed Fee Si le X Leasehpl0 IXhar tlesaiba research did X did not reveal an br sales a eans}as of Iha aub'ecl o a far Me Three ears for to the aRadive tlate of this a easel. Rot SaleRransM: Data N/A Rica N/A Sourc a NIA Analyaia of prig sale «transM hiat«y of Me subject propey (and mmp«able sales, if applicable) No riot transfer! of the sub'ett within the aat 36 months. ORerings; opfions end mntracta as of Ma eRecfne date of the appraisal NIA NalgMahaodCMecl~larics Orw-Unit HPUalrq TreMS Orw~UnH Neueina RPNTR LeM UNX Location lhban Suburban X R«al Ro Values Inaeasin X Stable Oedinin PRICE AGE Ono-Unit 20 % Built-U Over 15% 25-75% X Untlar 25% OemaIMlSv I Shate e X In Balanm Ova Su I 000 s 2-4 Unil 0 % Gowtn Ra M X slabb Slow Makatin T'vne Unda 3 m(hs X b8 mlhs Over 6 mMa 70 Law 25 Mul&Fami 0 % - Neighborhood Boundaries North h Per Cl .line Oast b Rt. 74 south b Adams C .line 120 H h 75 Commercial 0 % west b U ar MiddRn Twp. 90 Rea. 50 Omar Vac BO % ~ Naghb«hootl Dasaiplbn The sub act is located in an area of State leased land com rased of a roximatel of ht cabins surrounded •• by fee simple ownershi of seasonal cabins ad !cent to the Colonial Dennin State Park. It is within reasonable drivin distance to ammenities such as schools oho in and em to ment. Market Conditions(inducting aupP«tb Me above mnGUaions) See Attached Addendum Blmensions N/A Mee N/A Sna a N/A Viaw WOOds adgc 2oain cwsifimtan CON zoom Deso' Lion Conservation Zonin Cam Hance X L al Le al Nomm~twmin Grandfalhered Use Na Zonin Ills aI tlesaiba ~ • Is Me highest and best use of Me subject property as improved (« as propasetl per plans mtl 5pecifimliens) the assent ase7 X Ves No If No, deeaiM. Cabin is located on leased land. Ullltba Public OfMr tlaaniM Pablic OIMr tlncrihe OH~aitel mares-T a Public Rivate Electrici X Water - X Well Street Gravel X Gas smua sew! X Holdin Tank . Mle None Site comments Private water and senate s tams are common to the area and have no adverse affect u on marketabili GENERAL DESCRIPTION FWNDATION'. FXTERbR DESCRIPTION matalals-- IMERIOR.- maleriab'-: Units XOne Ona wiM ACCeesor Unit X COnaele Slab Crawls am Foundation Walls COneSlablAv Flaws HrdwdlGood X of Stories 7 Full Basement Partial Basement Exterior Walls T-7771AV Walls DWIPdO01/Gd i e X Oet. An. SOebEnd Unit Basement Mea N/A .ft. Roof Sudam COm oSh Ie/AV Trimffinish Wood/Good X Existin Ro osed Untlx Canst. Basement Finish N/A% GuRasBDawns uIa AIUmInUm/AV Balh furor Vin I/Good omi n 5 le 1 Sto omsieeEn ~:d sum Pum wioeowr a Wood FremelAv BaMwamsmt PanellGood Year Built 7969 Stam Sashllnsulatetl Yes/Av Ca St«a a Nona ERactive a Yrs 20-25 Seems YeslAv X pivewa #of Cars 4 Attic X None Heatin FWA HWBB X Redlanl Mnenitles Woed5lo s # lhNew Surface Off Road po Stair Stairs Other Fuel EIeCt X F'na la s N 1 Fence Gar e # of C«s Flow Scuttle Conlin Central Ak Condilionin PatroNetk X Porch Car ort polCas Finishatl Heated Ind'nidual Other Pool Other Atl. Del. BuiR~in lianms X Re#i state X Ran elOVen Oishwasha Dis osal Microwave WashalOr er Other describe ~ Finished area above ade contains: 6 Rooms 4 Bedrooms 7 Belh s 966 5 nets Feel of Grass LNin Mea Above Greda Atltlilional Features Side screened in porch. comments on the Improvemems Im rovements are in avers el nod condition with no h sisal or functional inade uacies noted. 6"r{1ir1M'" o~wpe..~u .. ms n.-.....~ree~ .ev~.cmnMrPransxoaaci amm..neonm~rs«wri. aVwa....e veaeia} Icvnn^1 cen.I q.pom aw:M F.pon rl/.OOs ADDENDUM Borrower: Dean ELLERMAN Estate ~. File No' 09-0040 PropeRY Adtlress: Elk Hill Roatl Ca N City: Newville State' PA Z' ' 17241 Lender: Jim Hughes, Esquire Neighborhood Market Conditions Property values have continued to appreciate in 2008, although at a slower pace than in previous years. Local multi-Ilst tlata indicates an appreciation rate of 2 % in the past calendar year in the subjects market area, with an average marketing time of 90.180daye. Economic Vends and lending rates have remained favorable. Sales concessions are accuring more frequently; however, there Is no known prevalence of unusual seller financing concessions or buydowns. There are new homes under constructlr5n in surrounding developments, as well as ressales available in the neighborhootl. 1 Addendum Page 1 or t Summary Residential Appraisal Report File No. 09-0040 FEATURE SUBJECT COMPARABLE SALE N0,7 COMPARPbLE SALE N0.3 COMPPRPBLE SALE N0.3 Elk Hiil Road Aearess Newville 17241 526 Pine Grove Road Gardnere 17324 1080 Pine Grove Road Gardners 17324 622 Pine Grove Road Gardners 17324 Prpaimi tp Sub act 18.1 MI SE 17.8 MI SSE 18.0 MI SE Sale Prim 8 8 103 000 8 90 000 8 96 000 Sob IRicalGOSS LN. see S 0.00 h. 8 104.25 x. 8 144.46 s tt. 8 67.89 R Date scums Ins action CPML310180440 CPMLS 10154799 CPMLS 10148852 varinwaon soum s OwnerlCH Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION -SAeon.m DESCRIPTION .sea nani~ DESCRIPTION ..s vsemrl Sab «Finandnq Conceasiom None, Cash DOM 73 None, Conv DOM 117 None, Cash DOM 349' Dale of Salertime N/A 05/3012008 03/31/2008 07118/2009 Loalion Rural Rural Rural Rwal LeacehotllFae Sim le Leasehold Leasehold ~ Leasehold Leasehold Site NIA NIA NIA NIA view Woods Woods ~ Woods ~ Woods Oesi n s' le 1 Sto 1 Sto 1 Sto 1.5 Sto . ouai of COnstruabn Averse Avers e - Averse ~ Avers e ,' Mual a 40 Years 55 Years 89 Years 68 Years Cond'nion .. Av IGood Av /Good Av IGood ~ Averse 7500 Above Grade role Gems. ewa> ran eon,.. Bens Tae mms. earns raw Bam• e.nrv • Room DOant 6 4 1 d 2 1 4 2 1 5 3 1 C+us L ' sea 15.00 988 . n. 988 . R 0 623 a A. 5 475 1 414 . A. -6 390 ' eaumenta Fbiahed • Rooms Bebw Getle None None None None Funcfronal UMi Averse Shared Well .2000 Avara a Avers e Meati lin EBBINone FHAINone FHAINone Wood Stove 3 000 Ena Eadenl Hems T ieal T ical T ieal T ieal Gua elCaz «1 None None None None P«chNegorOeck SclnPorch 5clnPorch 5clnPoreh SclnPorch 1 Fire Idce 1 Fire lace ~1 Fire lace 1 Fire lace Nat AeLSlmenl role/ X. 1 2 000 X. 4 5 475 X. 8 4110 ~Atljusted Sale Rice or COm azables f Nat Ado 1.9% c3om Ad. 1.9% E 105000 Net Mj. 6.1% Gross /d'. 6.1% 8 95475 Net D4j. 4.3% Cosa ~' 17.6% $ 1 00110 summer of Sales tom uison oath O inion of value tan a is 595 000 to 105 000. Lack of sales tom ambles on leased lantl in the aub'ects immediate vicini re wired an ex nded search area• however the tom ambles usetl are in a similar wootled mounfatn location on leasetl land. These are the best sales. tom ambles known t pe available. COST APPROACH TO VALUE Site Veive Commenb N/A ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VPIVE ....................... Source ai mst data N/A Dweliin S . FI. $ .............. _.=f = 4 N/A 0 Ouaii ralin horn cost axvira Egetlhe dale al wst data S . FI. 8 ........... = E Commanle on Cost oath osa 1'rvin azea rslculebons, de auction, etc. Coat A roach deemed a oor indicator of value due to a e Gus elCU «t 0 Ft. $ ............ _ $ 0 • of the im rovements. Estimated Remainin Economic Life - total EStlmate of cost-New ~ \...,.,... = 8 0 35.40 are. Leas Ph sits/ Fundional Eganal 0 edation = E 0 De euated Cost at Im ovementa ... ........ ................. _ $ 0 "Aa-IS' Value of Sts Im ravemenh ... ........... ................. = E INDICATED VALUE BY COST APPROACH ........ .............. =8 N/A INCOYE gPPROACN TO VALUE Estimetetl MOnlhl Mallet RentE N/A %Gom Renl MUlli Ile N/A =$ N/A Intlicaled Valueb Income roach • Summary of Inome Approach (including support hx market rent and GRM) N/A Imlcr.av.m•e ~ sa..e I g hs 95000 goa hgt als N/A e,wm• each ue.vei a S N/A Market Anal is consistent/ su orts the estimated market value. GRM anal is add Cost A roach were found Ina ro riate for this anal is. Su ortin file Information substantiates this estimate. This apaaisal is mme X "as i;" subject to completion per plans adtl apaufiratbnson the bads of a hypolhetiral cantlilion that the improvements have been mmpletad, ^wbpd to Ma blowing repaim«altaaliona on the basis ate hypothetlgi condition that/ha repaksaallerations have been mmpleled ^subpd to the following: • A sisal is for client onl nontransferable. - Based on the scope o/work, asnumpUOns, limiting conditions antl appraiser's certitica[lon, my (our) opinion of the tletinad value of the rest property that la the aublset or this rspod is$100.000 as of ll/14/2008 ,which is the enactive date o/this appraisal. l °n.~r~•• •,a.••, "9 ~.~ vmid:`•w•, «.,r..w.on ,., a.cwr,vrenw.Mm cvaR+a~mu.rvs.w.i~.w ~. R..s~.e ( )CeMePVpNIAryJe/R•p11N1QR GPARIW OSdi)M]5 Fla No. 09-0040 Scope of Work, Assumptions and Limiting Conditions Scapa of work Ia defined in the Uniform Stantlartle of Prpreaaional Appralaal Practice se"thf typo ahtl exlMt of raaear<h and amlyaae in an aseignmenL" In short, acops of work is almply what Iha appraiser ttltl and did not do during the couna of ihs asaignmant. It includes, but is not limited lo: the extent to which the properly is itlantirlad antl InapectW, the type antl extent of data rssasrchetl, Iha typo antl extent of analyaea applied to arrive al opmiona or eonelufions. Ths acops of this appraisal antl ensuing tliscroslon In this report ors apacige to ihs nape o/the client, other Itlentiriatl intentlatl uses and Io the Intentladvae oRhe report. Thla report was prepared for the sole antl exclusive use o/the client and other ltlantiflatl intentlatl users for the itlanll/led Intendatl use antl ila ues by any othm parties la prohibited. The appraiser la not ranponsible for unauthorized use of the report. Tha appraiaer'e csrtiflcatlon appearing in this appraisal report is aubjact tc the following contlillona antl io such other specific contlitians as are set forth by the appraiser In the repon. All eztrsprdinary assumptions and hypothetical conditions era slated in the report and might have aeected the aasignmsnf results. l t. The apwaiser assumes np responsibility fa mailers of a legal naWre afbctin9lhe pppaty appraisetl a title Iherelo, nor tlpes the appraiser render any opinion as to the title, which Is assumed to be gpptl antl mske[able. The Droperly is appraisetl as (hough ands responsible ownership. 2. Any skekh in This repel may show appoximale dimenaicns and is included only ro assist the made in visualizing the papery. The appraiser has made no survey pt the property. d. the appaisa is not requhed Ip give testimony or appear In court because qi having made the appraisal wiN rafeence tp the property in question, unless arrangements have been pravbusly made Neero. d. Neither all, nor any part pi Iha content of This roper, copy a other media Nereol (inducting conGUSiom as to the property value, the identity of the appaisa, pobsaional designations, a the firm with whkh the appeiser is conneGed), shall be usetl b any purposes by anyone but the client antl other intended uses as idenfifietl in this repel, nw shell it be cpnveyetl by anyone lp the public Nrough advertising, public relations. news, sales, a other media, without Ne veiden coneenl of the appaiser. 5. The appaisar will not disclose Iha coolants of this appaisa) report unless r-yviretl by applicable law w sa specified in Ilse Uniform Standards of Rafessional Appraisal f§adice. 6. Insormation, estimates, and opinions furniahetl la Ma appraise, end wnteinel in the report, were obtained ham roams considered mliabla and believed to be hue and corral. However, no respomibility M acwraq of such items brniahetl ro the appeiser is assumed by the appraiser. ]. Tha appaisa assumes That Ihae ue no hidden a unapparenl condiADns of the proDaty. subsoil, w sbudums, which would rands it mss or less valuable. Tha appreisv assumes no responsibidN for such wnditbns. or for angineeing a testing, which mght ba required to diswver wch fadws. This appraisal is not an envROnmanlal esseasmenl of the properly antl should not ba considered ae such. 6. The appraise apecialixea In the valuation Of real poperN and is oat a home inapeGa, building contraGw, sduGUral engines, a simile expert. unless otherwise noletl. the appaisa tlk not contluG the Intensive type of fieb pbsmalions of the kiM intended to seek antl discover popaty tlaleGS. The viewing of the property and any Improvements is far purposes of developing an opinion of the defined value olihe poperty, given the intentlatl use of Ihia a5apnnwnL Steromenls regarding condition ve based on surface pbsevetions Doty. The appraiser claims no special expertise regaling ieauea including, but not limited ro. fpundatbn sadlemenp basement moisture poblems, woad destroying tar DNS) Imects, pest inhGafipn, radon gas, lead based paint, mold dr envuonmenfal issues. Unless olhawise irMipletl, mechanical systems were not adiveled a tested. This appraisal report should not ba used fp disclose roe condifbn of the poperty as it relates tp the pesepcelabsence of detects. The client is invited and encouraged ro employ qualified e%pel3lO InSpeG alld addrea9 8reds Of COIICOrn. / nOgatlVB COndl(IOnS a!0 dISWVaed, ills ODbI0110f VabO may b0 Bfiedetl. ' Unless otherwiaa noted, the appraiser assumaa the components that constitute the subJect property improvement(s) era fundamentally sound antl In working order. Any viewing pl the properly by the appraiser was limited fp readily observable seas. Unless otherwise noletl, aldu end pawl space areas wxe not amassed. The appraiser did no[ m5ve Nrniture. fioa coverings or piha items mat may restrip Me viewing of the popery, B. Appaisals involving hypolhetiwl conditions related b completon of new canatrudbn, repairs or allealion are based on the assumption that such completion, sllealipn or repairs Hill be competently pekrmetl. (U. lJnless the inlanded use al Mis apwaidal sped6mlly includes issues of property insurance wvxege this appaisa) should not be usetl la such Wrposes. Repratludion or _ fteDlacemenl cost figures used in the cost appoach ere fa valuation purposes only, given me inlanded use of the assignment The Definition a! Value usetl in This assignment is unlikely to be consistent with Ne tlefinitbn pi Insurable Value fdr poperty insurance covaageluse.~ - 11. Tha ACI Ganarsl Purpoea Appraisal Report (GPAR^') is not intentlatl for use In transactlona that require a Fannie Mae 104dliretldie Mac T01orm, also known as ihs Uniform Raaidentiai Appraisal Report (URARj. Additional Commenla Relalatl To Scope Of Werk Acaumptions and Limning Contlitionn None • File Np. 09-0040 Appraiser's Certification The appralser(e) cartiRas That, to the best of she appraiser's knowletlge and belle/: 1. The statements oHaU contained In Ihia report era bus and mrreU. ' 2. The reported analyses, opinions, and mnduekro are Ilmiletl only by Me repale0 assumptlons and limiting mndillpns aM are the personal, impartial, and unbiased pohssional analyses, opinions, ark mndusbns. 3. Unless otherwise slateQ the appraiser has no gesso! a pospediva intwesl in the poperly Ihat is the subjeU of This report and has no permnal interest with rasped to the parliea involvetl. A, the appraiser has no bias vnth rasped to the poperty Thal is the subeU of this report a to the parties involved with IRIS assignment. 5. The aDpraisw's angagenrenl in Ihia assgnmens was nal contingent upon developing or reporting petlelwminetl results. 6. the appraiser's compensalron br mmplesng tfiis assgnmem is not mnfingenl upon Ma davelopmenl a reporting of a patleferminetl value w dueaion in value that hvom Iha rouse of the Uienl, me amount o/tie value dpinpn, me adainment of a stipulatetl result a the occunence of a subsequent event d>edly relatetl to fhe intended use of This appraisal. ]. iha appaisw's analyses, opinions, and mnduspns were tlavabpetl, antl Ihia repot has bean pepazetli in mnMmity with Me Unikrm Ssandaztls o! Rohseional Appraisal Radim. 6. Unless otherwise noted, the appraiser has matle a personal Inspection al the propwty Uat is the subjeU of Mia report. 9. Unless noted below, no one povidM sgnificenl real poperry appaisal assistance to Ne appraiser signing Mia ceMficetion. Sgnifiwnt real poperty appraissl assstance pmvitletl by: Addklonal Certlficallone: None DeMillon o/Value: QX Maket Value Other Valua: Sowce of Oefinilian:.USPAP The most probable price in terms of money whlah a property should bring in comp4titive and open market under all ~' conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowletlgeably and assuming the price is not affected by undue stimulus. - 1 ADDRESS OF THE PROPERTY APPRAISED' Elk Hill Road Newville PA 17241 EFFECTIVE DATE OF THE APPRAISAL: 1 1 /1412 0 0 6 APPRAISED VALUE OF THE SUBJECT PROPERTY E 100,000 APPRAISER -~\ `~yL/ SUPERVISORY APPRAISER } } (7 SignaNre: "'^-~It~ 9 '~.i P1 'it ~_-__- "~-. ~ t-Z"I 1 /_._,'~`~' Eignalwe: / Name: Shn A. Skowronek Name: Steven W. Barrett, SRPA SRA, ASA Slate CerhAcatbnp RL001672L Stale Certifiwtbnp GA000298L a License p ' or License p R8026921A a Othw (tlesaibe): SIa1e N: Stale: PA' SIMe: PA ExpvaNon Date o/ Oaztlfiratian a Limnse: June 30. 2009 Expkation Date of Caliggtion a License: Juno 30. 2009 Dela of Signalae: 02/1612009 Oats of Sgnature antl Repot 0211612009 Dete or Roperry uewing: 01130/2009 Oete of ROperly Vewing~ 01/3012009 Degree of popery viewing: Oeprse of popwry viewing: QX lnlerior and Exlaioi ^Exlwia Only ^Dk not personally view Olnlamr ark Exlwia ~Exlerxx Only ^Ok not pwmnally view A, "`:^nl~r^~ wwee~..s+n.w....eoo.:v e,r,....w.w.~ ,w. am ~wr4.mosmosec am.~xiso n...e.m.,. is, A,wpni. v.,...e IG°xR^)fisietl PUiex ArgaW Pryv1 IL]Me VMIiN [f W i)NM FLOORPLAN I _. ~~ %<ir~ ~~i i;%V ~ -_ . ' ag~e~ep~Y. Bedroom Bedroom ~'/\~~~~~) '^' Bedroom Kit chen x >, x ~<~ Y ~ ~~ Bath ~ ., k ~u ~ ~ ~~ y ~ ~'j!~yh">'~Y>I Living x':. v ~~, v x j ~ ~{ Bedroom j ` ~ 1 . . ~ ;'~l > j ~~YC~~~V~af II l ~ Sketch Gy Apex IV Windows'" G i F~. 1 I III _ _ _ l __-_ COM AREA CALCULATIONS SUMMARY Onalptl9n 'SW Tofelc OW1 Piut Floor 919.00 988.00 P/P 9evmPd In Perch 318.00 Cavxzx6 Yerch fi0.00 3]3 00 TOTAL LIVABLE (rounded) 988 LIVING AREA BREAKDOWN Bre9ktlown Subtodb Piirt Pleaz 06.0 x 39.0 998 00 1 Area Total (rounded) 988 I SUBJECT PROPERTY PHOTO ADDENDUM FRONT VIEW OF SUBJECT PROPERTY Appraised Date: November 14, 2008 Appraised Value: $100,000 COMPARABLE PROPERTY PHOTO ADDENDUM ClientJim Hughes, Esquire File Np.: 09-0040 _ Property Address: Elk Hill Roatl ~ ~ Case No.: City: Nevnrille State: PA Zip: 17241 ~-- 5 ~-.~ ',~,.~"~ r ~~ , ~ a~ ~,~ - ~ rr r j~, i /j* ~ 1y~ `y ~ ~- It r ~?~ _" _ .,. 1 ~~ ~'~,~,~ Sly. w i4 7 f C i s ~. - w.. r ~, y w. r _.'t f'M '~.. ..1 ~ ~ ,~' M1wl ~ f ' ~ uqL,,, A y t ~ ; 4 ., r . ~ i 4 , ~ . A «~ n ~ \ 141 Y ~ y ~~ ~T.T + ' ~. c _ :~; ~S` ~ ` rrDD77 - ~ `( ' ,p _„ ~ i r i3~iC ,> u ., ~ t' r wa ~, ~ .+ +r ~, a. i a p ~- COMPARABLE SALE#t 526 Pine Grove Road Gardners 17324 Sale Date: 05130!2008 Sale Price: $ 103,000 COMPARABLE SALE#2 7080 Pine Grove Road Gardners 17324 Sale Date: 03/3712008 " Sale Price:$ 90,000 COMPARABLE SALE#3 622 Pine Grove Roatl Gardners 17324 Sale Date: 0 711 812 0 0 9 Sale Price: $ 96,000 r LOCATION MAP ad 9~~ ~~~~ r ~~~ ~~ 0, / ~te Pa9f / /~ ~ ~ sey.e ~ V i ta RJ i f ~ / E-.no ~ / ~ ( / ° I r'~ ' ~np/B Rd ~ a - ~O ~ ~ n Eno/an'o la pd '~ d4 Y4 ~ u Gp4590m - Laka~ Penn-Del .. 'i.. '1 o GoY' COUISP, Sang pa a f .rr ' ~ ` i 11 a ea r,q Ear/M db, 4 / ~sle'rt H' H 1t sr I { ~ /II OL ' aIT15 4 B //GgMIfLOu ~ swV/Oe Fd 40nrN a I ~ Cumbeila 0 ' GyHfiluO~/ ~ tt / ~ A8 Cf R'G3 _ v 1~ m t~ P' E da m 04 ~ t3 4 ,Y:e'B NS .e ~4 3. 46. ~ d ~ ~ ~ 17 I . 3.P'P rr . td 010 Yn ~ r~ 5~ E Main d9 e - p pad rW Moun ~'' ~s ~ y4~~y)ot eorcem ~ SPNn/s 1t n D i n ~ spd Andrf~n Kings Gap ${ate PErh. a i i 7 tNo~Om r 4 W s 0~ ® 1 `0`~ Cm~gE MOVE ..ace `~ p State Pad< '.-~ a l ~~~'~~ .. ad _ ~e a J \ ~ ••~ • 41ap 1G1394-200 Tele Atlae MA Inc ~ SCd{!: 24 ml I!5 i Prepared by Steven W. Barran R E. Appr. Svc. (717{243-6646 i *******«* QUALIFICATIONS "`**`*** The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the compaables sales, and their neighborhoods and locations. Unless otherwise notetl, the conditions that apply to the subject property or the comparable salsa used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. ' _x_7. The aubiect is located in a rural area and is less than 25% built-up. _2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neigjborhoods. _3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. _x_4. The predominanE value in the neighborhood is less than that of the market value of the aubiect property. This is due to the very wide range of value of properties in the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. _6. Dampness is noted in the basement of the subject: Scantling or running water was not present on basement Floor. This condition is considered typical in dwellings of this style. _x_7. The subject property is serviced by private well andlor sanitary systems which is common for the area. _x 8. The subject is older than RveIS) year:. Ail mechanical systems inclutling the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. _9. Repair items were noted in the comments section of the report. These comments on repair Items era for descriptive purposes only and are not required repairs. The Items Iistetl are cosmetic in nature. _10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. ~ - - _11. The subject property does contain functional obsolescence as noted in the report: This condition is considered typical and common for the area and this style dwelling. _72. The land value exceetla 30 % of total value due to the high demand for vacant land in this neighborhood. This contlition is considered common and typical for the neighborhood. _13. The lantl value exceeds 30 % of total value. This is due to the Large size of the site. This contlition is consitlered to be typical and common. 14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more similar comparables on that Individual rating. All comparahles used are the best available. _15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the hest available. _x 16. One or more comparable sales are older than sixj6) months. Although there are comparable properties in [he subject's area, none have sold recently; therefore, sales in excess of sixl6) months have to be used. All comparables used are the best available. '~ _x_17. One or more comparables used were In excess of one (i) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable '~~ sales outside of the immediate area. All comparahles used are located in similar neighborhoods antl within the same i marketing area. All comparebles used are the best available. _18. The electrical system was not connected during Inspection. '~, _19. The water service was not connected during inspection. ~i _20. The heating system was shut down during inspection. ' _21. Roofing_Plumbing_Electrical_Heating_certificationjs) is/are suggested. I. _22. Inground swimming pool-, out huiltlings_are includetlJnot inclutled_according to lender's ~~ guidelines. ~i, _23. According to lender's guidelines a maximum of_acras were considered for this valuation. Remaining ~ acreage was given no value. ' File Na, 09.0040 -_ ********* QUALIFICATIONS **«***«*« i I _24. The subject property is located on a private road - i _26. Wood infestation inspection is suggested i _26. Last recorded deed transfer: Date Consideration: S _T7, Proposed constructionlrenovation in accordance to plans and specifications to be completed in a workman-like manner. _26. Seiler is paying part or all of closing costs. - j _x_T9. All comparable sales are veriged closed sales. __ _x_30. There are no special conditions or other requirements that would affect market value or future marketability in i the Appraisal Report. i ill - I . . . i -_ i «««..«««„ QUALIFICATIONS *"«"'"' Confidentlalityend Security Policy We consider privacy to be fundamental to our relatlonship with clients. We are committed to maintaining the confidentiality, Integrity and security of clients' penonal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to pereonal information to authorized individuals who need to know this informatlon.to comply with federal standards to protect your nonpublic personal information. We do not tllsclose this Information about you or any former consumers or cuatomere to anyone, ezeept as permitted by law. The law permits ua to share this Information with our affiliates. The law also permits us to share this Information,with companies that perform marketing. When we share nonpublic information referred to above, the information Is made available far limited purposes and under controlled circumstances. We require third parties to comply with our standards for security antl conflentiality. We do not permit use of consumerlcustomerlnformation for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the data of this report, 1 antllor Steven W. Barrett, SRPA, SftA, ASA have completed the requirements under the continuing education program of the Appraisal Institute. S. W. Barrett Real Estate 8 Appraisal Services - File nb. 09.0041 -~ l APPRAISAL OF ~~ ~ t:!'~, K ~` k s~~ ~~ mi ~ :~ I ~ i i ' (U m , ; y; ri "~_,, y t... I ~ ~ 1 ~ ': ~ r 1»~AtS,ras '~"'Z#Itl'k^-t~^31N a'Y~`r.~~ 'QAw f „~,ryid`, N ~ ~ y~ 3 y S S'~ ~ r # ~ S, 'fir ~ d ~ ° ~ ~ 1 ~ "ui ~A;L.`R~ p~ ~,~ }1 %~ ;a ~ 5T`~5+5 ~ . Y a4 w Yn Ai ,1' ~i"J 4 ~~1~~~. I I I LOCATED AT: - Grahams Wootls Road • Newville, PA 17241-9760 FOR: Jim Hughes, Esquire - 60 Weat Pomfret Street Carlisle, PA 17013 BORROWER: Dean ELLERMAN AS OF: November 14, 2008 BY: Stan A. Skowronek CertiFled Resitlential Appraiser S. W. Barrett Real Estate 8 Appraisal Services 02H 612009 Jim Hughes, Esquire BO West Pomrret Street Carlisle, PA 17017 File Number: 09-0041 In accordance with your request, I have appraised the real property at: Grahame Woods Road Newville, PA 17241-9760 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as vacant. The property rights appraised-are the tee simple interest in the site. ~ - - - In my opinion, the market value of the property as of November 14, 2006 is: 5170,000 One Hundred Seventy Thousantl Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Respecttully submitted, Stan A. Skowronek Certified Residential Appraiser S. W. Barrett Real Estate S Appraisal Services KCYUKI LOCATION BUILT UP GROWTH RATE PROPERTY VALUI DEMAND/SUPPLY PRESENT LAND USE % Sngle Family ZJ Family MuItFFemily _ Commerdal _ IMUSirial Urban Suburban X Over7$% ZB-78% X Rapq X Stabb Increasing X Stable Shatega X In Balance Ulltl« 3 Mos. X 3-8 Mos. C LANG USE CHANGE PREDOMINANT 47Ci E Nol Likely X OCCUPANCY PRICE Lkey Owner S(000) In process Tenant ~ Tp: Vacant (05%) X 1: Vacant (ov«$%) ^ 013O.OU LENDER DISCRETIONARY USE [7241.9760 Sab Price $ Date ice 03-0067 Mortgage Anpunt $ ~ty Rights Appraised Mongaga Type Fae Simple Discount Points and Other Concessions Leashold Paid by Seller $ Condominium (HDDNA) PUD Source NEIGHBORHOOD ANALYSIS mm aw 28% Empbyment Stability X C Convenience to Employment X C ng Convenience to Stopping X upDly Convenience to SChods X Mos. Atlaquaq of Publk Transportatbn ) LVFIOI.aNG Reaealicn Faglities X AGE Adequacy a/Falilities X (yrs) Property COmpatibilily X w 30 Protection hom Detrimental Cond. X Ih 75 Police 8 Fire Protecion Q inors[ General Appearance olProp«tim m X^ Rural uneer Sbw Declini Over S Preda Note: Race w iha racial wmposilion of Iha neighborhood are not wnsidered reliable appraisal factors. COMMENTSThe 9Uhject i5 lopated on the North Site Arae 58,45 ACTes m/I C«ner LOt No Zoning Classification None known Zoning Compliance NlA HIGHESTBBEST U5E: Present Use Present .0th«Use N/A UTILITIES Publc ' Gh« SITE IMPROVEMENTS TyDa Public Elechiciry X Street Gravel Gag C«blGUtlar None water None SHewalk None Sanitary Sewx None Sheet l'gms None Storm Sewer Alle None Comments (Apparent adverse easements, enaoachmenis, special assessments; slide areas, ale.) Tapogaphy $IOpinp Size Typical for are[ Shape ~ IrreDUlar Drainage .Appears Adept View Woods Landscaping N/A Driveway NIA Apparent Easemenh Nona AODarant FEMA Flood Hars-d Ves' No me un asnip se nu rsnlae mree nun/ nlu cl prcpenin mom .imme. .na pmrlmal. to mbpa .ne nn mnsieersq Ineee in us mortal p I ine euniplion maua.e. emb, aalearmenl, Ilecl'rnp m[r4er re.cllon ra IM1Cee ileme or ne Yei[ le, or more Iavor.ble IM1en, IM1e aul e[1 pro >'gpilic[nr rerlelion bsrOaen IM1e [ubje[1 ana eemperaale properliee. II a elgnilic)nl /loco in Ibe comparable properly ie superior er /eve lerorsala IM1an, IM1. supjerl properly Oar plus m pre () eaiestmenr is color Iel :rsau[inq IM1e inaicetea rslue o1 supiscl: It v [igpineanl Ilem.ln IFe comparable Is inleripr le, fat .eieelm.,,l ie coos., moo ie a.e In. Inemnea rrw. os Ina eebi.[r. SS-03-0058-040 Rke/ Acre Date Source VAWEADJUSTMENiS • sales «Financing Concessions 3 0 Ins coon DESCRIPTION a auu uuu 4 2 1160 - - Courthouse DESCRIPTION rffina Unknown Unknown f 384 000 S 7 0500 Courthouse DESCRIPTION g 'elmw Unknown ~ Unknown $ 190 000 S 3 6650 Courthouse DESCRIPTION q.p I Unknown Data of Sale77ime . LpcaBon site/View N/A Rural/Mtna 56.45 AclAv 0811812007 Su rerior -10% -211 741.78 Ac1AV 0311212007 RurallMtns [25.9 AclAv 03107/2007 ' Su Brio -10% J66 57.87 AclAv ~ ~ Net Ad'. total Intlicated Value of Sub'ect Comment of Sales COmp rimn~ The emm~~ ~ X ~ ~ $ 211 Goss: 70.0 Nel: -10.0 8 1 905 mhsa. rrmewe...--r .:.n______ X . ' $ 0 Gass:: 0,0 Net: 0.0 S 3 050 ___... __..____. .. -.. X - ' S ~ 386 Gross: 70.0 Nef -10.0 $ 3 299 :. and Conditions of Appraisal'. Final Reconciliation: 1(WE)ESTIMATE THE MARKET VALUE, ASDEFINED, OF THE SU&IECTPROPFATY AS OF NOVember 74.2008 Wbaf 770.00[ . I (We) card/y: that to the beet of my (o«) knowledge and belief, the facts and date used herein are true and correct that I (we) personally inspected the subject property and inspected all comparable(s-ales d-te~dyin/t'his report; and that I (we) have no undlsUOSatl interest, pissent a'p~sjp/stlva therein. Appraiser(s) _ <~ 1$sa< 4~_~---t,{~1~ y~~ Revlew Appraiser/_,~/-L'L~f' `1 ]~ OON ^ DvJ Not Stan A. Skowronek (il applicable) Steven W. Barrett SRA SRPA Inspect Property .piw.v s.m ps,r, Iwna _ . S. W, Barrett Real Estate R Annraisal Services FRONT VIEW OF SUBJECT PROPERTY Appraised Date: November 14, 2008 Appraised Value: $170,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE • SI IR ICrr oonocnrv ..~ ~..~., . _ _ _.._.._ _ LOCATION MAP JA !~ e n,~ Onel ~ ~~gl f}`% to Pa~la~ /~ ~, r // Cm~g3 / ' E~ole Rd eao F.~ a ~1 ~4. Gop~sutn J 02 L"'V~{ .3v I ~ A e IGnps Gap. State Perk 1 arils/e ae >> s .ou e ~YO~% ~~i ..r. o.e.cn r.. Donau rc c. npPr. ~~ ~ ~ /1g56tig6 a, FlootlMap Legend Food Zones Mar RaaldY•d by 506yeer noetllnq Maf oMrga a IM ]B0. and 500.yex IboOplakR Ma MarnM•tl ey loo-yx neetllrp N•aStnuagM•9aY tOPY••r npetllnq rrnh wlaglyRlara - Flo•/xeyntlr _ FIwCR•y an••Mh wleWy h•TarO NI•I erln}II•rmMed MX pTiW neae haYartlS - N•N sal etywd On MypuS4Mtl FIRM Flood hdonml)ion Commonly: 921688 ~ UPPER iRANKFORO. TOWNSHIP OF PmpMy is na in a FFM4speaal flood hazard ana. Map Number: 4]158800058 Map Gate: 89,g5JIB88 PmN: 80058 iIP5: 42841 Zon•: % Nether Tnnsamedca hood HazsN C•dilioation t7iHCj mr ACI make my npnsanalons or walramiaz to my party conc•minq tha coa•n, aecuncy or completeness of this food sport, ilwWdirp my wanamy of merchamabilly or Iln•ss for a particular pugosa. Helh•r TFHC nor ACI nor [h• roller of this /bod report shall Aave any liabiay to any third party }or any use or mizose of this flood neon. •"**•**** QUALIFICATIONS **•*****` i The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the compareblea aalea, and their neighborhoods and locations. Unless otherwise notetl, the conditions that apply to the subject property or the comparable aalea used DO NOT AFF2C7 THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING.APPRAISED, This Is not a home ' Inapectlon service. This is an appraisal to estimate market value. ~ _z_t. The subject is located in a rural area and is leas than 25% bu(It-up. _Z. Commercialllnduatrial uses are located within the subject's neighborhood. These uses era typical of similar i nelghborhooda. _z_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for thearea. _4. The predominant vacua in the naighborhootl is leas than that of the market value of the subject property. This is due to the very wide range of value of properties In the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood Insurance coverage ie required and suggested. _8. Dampness is noted In the basement of the subject Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. _7. Tha subject property is serviced by private well andlor septic systems which Is common for the area. _8. The subject is older than Bve(SI yeah. Atl mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior Inspection to be in working order. No warranties are implied in this statement. _9. Repair Items were noted In the comments section ofthe report. These comments on repair items are for descriptive purpoaea only and are not required repaire. The Items listed are cosmetic In nature. _10. The basement Roor is a dirt floor. This condition is common and typical for the area. antl does not pose a health or safety hazard. _11. The sebjecCpropertytloes contain Turmtlonal obsolescence as noted in the report This conditon is considered typical and common for the area and this style dwelling. _72. The land value exceeds 30 % of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. _13. The land value exceeds 30% of total value. This is due to the Iarge.size of the site. This condition is considered to be typical andeommon. _i4. Individual adjustments were required [hat exceed 15%. Those adjustments were required due to lack of more similar comparables on that Individual rating. All comparables used are the best available. _15. Total adjustments ezcaed 25%. This Is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the best available. _z_16. One or more comparable sales are older than six(fi) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in axcesa of six(6) months have to be used. All eomparablea used are the beat available. _z_17. One or more comparables used were In excess of ono (1) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable salsa outsitle of the Immediate area. All comparables used are Iecated in simllar,neighborhootls and within the same marketing area. All comparables used are the best available. _18. The electrical system was not connected during inspection. _19. The water service was not connectetl during Inapectlon. _20. The heating system was shut down tluring Inspection. _21. RooFlng_Plumbing_Electrical_Heating_certification(s) is/are suggested. _22. Inground swimming pool-, out buildings_are ineluderl_,not included according to lender's guidelines. _23. According to lender's guidelines a maximum of_acrea were considered for thla valuation. Remaining acreage was given no value. ,____ _ File Na. 09-0041 - -- **"""*** QUALIFICATIONS **"***"* -- _24. The subject property is located on a private road. i _29. Wootl infestation inspection is suggested. _x_28. Last recorded tleed transfer. Date_01H411977J Conaideratlon: 5_1.00 _27. Proposed constructionlrenovation in accordance to plans and speclFlcations to be completed in a workman-like I manner. 29. Seller is a in a r p y g p rt o all of closing coats. _x_29. All comparable sales are verified closed sales. _x_30. Thera are no apeclal conditions or other requlraments that would affect market value or future marketability in tha Appralaal Report. I i I I I I •. I «««**«... QUALIFICATIONS ******`"* Confidentiality and Security Policy We conaitler privacy to be fundamental to our relationship with clients. We are committed to maintaining the confidentiality, Integrlry and security of clients' personal Infartnation. Internal policies have been developed to protect this contitlentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need toknow this information to comply with federal standards to protect your nonpublic personal information. Wa do no[ disolaae this information about you or any former consumers or customers to anyone, except as permitted by law. Tha law permit us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When we share nonpublic information referred to above, the information Ia made available for limited purposes and under controlled circumstances. We require third parties to comply with our standards for security and confiantialiry. Wa do not permit use of consumerlcustomerirsformation for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the date of this report, 1 and/or Steven W. 8arretR SRPA, 3RA, ASA have completetl the requirements antler the continuing education program of the Appraisal Institute. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a oompe ogive 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 specified date and the passing of title from seller to buyer under conditions whereby: (i) buyer and seller are typically motivated; (2) both parties are well informed or wall advised, and each acting in what he considers his own best interest; (S) 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 unaRected by special or creative financing ar sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparablas must be made for special or weativa financing or sales concessions. No adjustments are necessary far those costs which era normally paid by sellers as a result at 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 6e 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 6e calculated on a mechanical dollar far dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing w concessions based on the Appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the folbwing 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. The appraiser assumes that the title is good and marketable and, therefore, will not render sny'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 M its s¢e. 3. The appraiser has examined the available flood maps that are provided 6y theFederal 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 w she makes no guarantees, express w implied, regarding this determination. 4. The appraiser will not give testimony or appear in court hecause he ar she made an appraisal of the property in question, unless specific arrangements to do sa have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and hest 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 it they are soused. fi. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in pertorming the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) [hat 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 will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the 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 the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his 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 6e partormed in a workmanlike manner. ic. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage Insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the Uniled States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraises s prior written consent. The appraiser's written consent and approval must also 6e obtained before the appraisal can be conveyed by anyone to the public through advertising, puhlic relations, news, sales, or other media. Vacant Land Page 1 of 2 File No. 09.0041 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees thaC ' t. I have researched the subject market area and nave selected a minimum o(three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation If a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable 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 d the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any signl(icant information from the appraisal report and I believe, to the best of my knowledge, that all statements end information in the appraisal report are true and coned. 3, I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, antl conclusions, which are subject only to the contingent and Limiting Conditions specified in this farm. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, 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 future employment nor my compensaticn for perlcnming this appraisal is wntingenf on the appraisetl value of the property. 6. I was not required to report a predetermined value or direction in Value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or theoccurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not hose the appraisal reporton a requested minimum valuation, a spedfic valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that ware adopted and promulgated by the Appraisal Standards Beard of The Appraisal Foundation and that were in place as of the effective date o/this appraisal, with the exception of the departure provision of those Standards, Which does not apply. I acknowietlge that an estimate of a reasonable time for exposure in the open market is a condition in the definition o(market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. ' B. I have personally inspected the au bject property and the exterbr of all properties listed 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 cl 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 affect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relietl on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, it an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that. I directly supervise the appraiser who prepared the appraisal report,~have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to 6e bound by the appraiser's certifications numbered 4 through 7 above, and am taking Lull responsibility (or the appraisal and the appraisal repod. ADDRESS OF PROPERTY APPRAISED:' Grehams Woods Road. Newville PA 12241-9760 APPRAISER: Signature: _ `~~ (,~ rryry~_ Name: Stan A. Skowronek Data Signed: 02/i6/2009 State Certification p: RL007572L or State License p: State: PA Fxphation Date of Certification or License: June 30, 2009 Certified Residential Appraiser SUPERVISORY APPRAISER (only if required) Signature: ~-- c~ Name: Steven W. Barrett SR ~R~ Date Signed: 02/16/2009 State Certification#: GA000296L or State License#: R8026921A State: PA Expiration Date of Certification or License: June 30, 2009 XQ Did ^ Did Not Inspect %operty Certified General Appraiser Vacant Land Page 2 of 2