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HomeMy WebLinkAbout01-29-10~Dy, gia8: ~l (o DECEDENT'S ESTATE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA . ORPHANS' COURT DIVISION ESTATE OF MERLE E. P1PER No. 21-09-0108 C7_ r~ O ~ _? Z (7 _. ~.__ Lr> t~- DECEASED _.. = _ ~; _ i.~.,\ C- -~ i `t~ J~ . ` '~, PETITION FOR ADJUDICATION / STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 C.~ r~ lD cn 0 This form may be used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders may he attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: Charles E. Shields, III Supreme Court I.D. No.: ~ 8 a ~ 3 Name of Law Firm: Address: 6 Clouser Road, Mechanicsburg, PA 17055 Telephone: ~ 17-766-0209 Fax: Form OC-Ol rev. l0.13.0< Page 1 of 10 ----~ 1 Y J. ~ - ~ i r "'~ r` '~ a^~ ~ a 1 r-: , ~ i.-_7 ;.3 ..~ .:~ ~ ~, ~;. --, =r ~ ~ Estate of MERLE E. PIPER 1. Name(s) and address(es) of Petitioner(s): Name: Jane F. Burke, Vice President Address: One West High Street Carlisle, PA 17013 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: N/A Is this the first accounting by this fiduciary? ..................... ~ Yes ^ No If not, identify prior accountings, the accounting periods covered, and the date of adjudication of the prior accounting. 2 Decedent died on January 17, 2009 Letters Testamentary or /©Letters of Administration were granted to Petitioner(s) on February 3. 2009 Date of Will (if applicable): November 8. 2002 Date(s) of Codicil(s) (if applicable): N/A Deceased Date of probate (if differ-eflt fi~o~n date Letters granted): Was a bond required? ~I'es ~ No If yes, state amount: Are proofs of advertising of the grant of Letters attached? ......... ~ Yes ~ No Dates of advertising of the grant of Letters: The Sentinel March 3, 10 and 17, 2009; Cumberland Law Journal March 6, 13 and 20, 2009 Form oc-o~ rev. in. t3.oh Page 2 of 10 Estate of MERLE E. PIPER Deceased 3. Was decedent survived by a spouse? ............................. Yes ~ No If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ............. DYes ®No (See Section 2201 et sue. of the Probate, Estates a~zd Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if novae, so state): N/A 6. Did decedent marry after execution of Will or Codicil(s)? ........... ©Yes ®No Were any children born to decedent after execution of Will or Codicil(s)? ....:...................................... ~ Yes ~ No If yes, give names and dates of birth: Name: Date ofBirth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. § 1412, was a request for a statement of claim sent to the Department of Public Welfare? .............................. ®Yes ®No Foy-m oc-oa ,-e~~. gyn. ~ i.n~ Page 3 of 10 Estate of MERLE E. PIPER Deceased 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non-charitable) of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest(s): Fame and .lddress of !inch Parn~ in lnleresl ~ Relationship and Comments, if any ~ lnteres[ Galen E. Piper 967 Ridge Road Shippensburg, PA 17257 Gary E. Piper 1125 Lining Court Charleston, SC 29407-7754 1/3 Interest 1/3 Interest Fo,~m oc-o~ re,-. lo.l i nh Page 4 of 10 Estate of MERLE E. PIPER Deceased n'cwae and Ac~ciress of Each Prn~n fn lnterest I Relatiunshin crud Comments, if anv I Interest Gerald E. Piper Son 1/3 Interest 250 Big Spring Road Newville, PA 17241 B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each. N/A C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.1). D. If distribution is to he made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. Formoc-nr rev. Io.~3.nh Page 5 of 10 Estate of MERLE E. PIPER ,Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. ;~~ame and Address of Each Claimant ,9mount of Claim Clain: Will Claim Admitted? Be Paid /n Ful/? None Yes ~ Yes ONo ~ No ^Yes Q Yes ONo ~ No Yes ~ Yes ~No Q No ~ Yes ~ Yes ~ i 4 ~No ^ No If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. ~ 3392 and the proposed payments. 11. Was family exemption claimed`? ................................ Yes ~No Was family exemption allowed`? ................................ DYes ~No Family exemption claimant's name and n°lationship: Name: Farm oc-nl rev. in. i i. o~ Page 6 of 10 Estate of MERLE E. PIPER ,Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interest(s) upon which paid, are as follows: Date Pa ~ ~mer~ t htterest 3/31/09 10/9/09 30,000.00 .00 13,955.89 .00 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond o f a fiduciary? ................... ©Yes ~ No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions rewiring adjudication and state the position of the Petitioner(s) as to each question: Nonc B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? .................. DYes 0 No 15. If Petitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. For,n oc-oi ,~~,~. gyn. ~ i.nh Page 7 of 10 Estate of MERLE E. PIPER Deceased 16. Had the decedent been adjudicated an incapacitated person? .......... ~ Yes ~ No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. None B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ............. Yes ~ No 18. If a reserve is requested, state amount and purpose. ~ ~ ~ 58,918.32 ~'"'''°~s~`~~ Charles E. Shields, Ill Esquire, attorney fee 26,350.00 M&T Bank, Administrator CTA fee 3l ,068.32 Closing & Filing gees 1,500.00 If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ DYes ~ No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? .......................... Yes ®No As to real estate only`? ........................................ DYes ~No Fo,-m oc-n~ rP,:. gyn. ~3 n~~ Page 8 of 10 Estate of MERLE E. P1PER Deceased Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Dia~n~ibunel~~l Galen E. Piper Gary E. Piper Gerald E. Piper B. Principal: Proposed Dien~iburee/sJ Galen E. Piper Gary E. Piper Gerald E. Piper ~ mound Proportiar 1/3 of balance 1/3 of balance 1/3 of balance fl motutNProportiorr 1/3 of balance 1 /3 of balance U3 of balance Submitted By: (All petitioners must sign. Add additional lines if necessary): M&T Bank. Administrator CTA Nam of Petitioner: ,lane F. Burke, Vice President Name of Petitioner: >:o,~,n oc-n~ rec. in. i ~. or Page 9 of 10 Estate of MERLE E. P1PER ,Deceased Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that ne~se~~, she is rare Vice President of the above-named n~m~ n~cw~porarro,r M&T Bank and] that the facts set forth in the foregoing Petition for Adjudication /Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). * Corporate petitioners must complete hracketer! information. Sig ' ature of Petitioner Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/ Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court. and that no changes to the form have been made beyond the responses herein. G/,~ F~~l~.~ Signature of Counsel for Petitioner Forst OC-01 rev. 10.73.or~ Page 10 Of 10 ~IA2/19/2009/THU 0~ ; 38 Pik ~--:. ,/' PROOF OF PI1iBLICATION State of Pennsylvania, Cotty of Cumberland Erica Peterson Classified Manager, of The Sentinel, of the County anal State aforesaid, being duly sworn, deposes and says that T~ SENTINEL, a new spaper of general circulation in the Borough of Carlisle, Count and State aforesaid, was established December 13,1881, since which date THE SEN"I~IEL has been regularly issued in said County, and that the prixtted notice or publication attached hereto is exactl}~ the same as was printed az~,d published in the regular editions and issues of THE SENTINEL on the following day(s)= March 3 2009, March f,0, 2009 and March 17 2009 I COPY Off' NOTICE OF PUSLICATTON Exscuto~~s NQTICE 4' vr:, , -r, .. , , L~, ne~re Ta~tgr~i~rtary.Cntta,~'ESSY~a~~t MEP{E;E P~P.Efi;i~~~pt;W~et ta'"~~~~~ a 4n uevieu ~~ ba~~,ras~H~0 wn~ mgvcg payment ilrtmeoigs~iy J~n0 morte ~:fier~(j~cleltp~ wl~tpfge~tt~emlo[aenllerrLB~tto ~~a-.+, ~~ J K 8 RKEyiM&T9ANK EXEC~4uTlOR r~ tq,~ W ~~~ ~.c~ah~ ~ '4 8 Ci~a'u~6gAo~d~ ` ~ ~ ~ '~' y~ ~ Aw,N ,~~ Met;rS;s~ir~go~7rA~P@~syNanat70S5 ~>:.~~ ?i .~,: ` p•,~12 I i A.ffiant further deposes that he/she is not iilterest~d in the subjectmatter of the aforesaid notice or advertisement, and that ~~1 allegations in the foregoing statement ads to time, place and character of publication are true, Sworn to and subscribed before zxie this ~1~ d~0 I l1L ~ l~Totary Public I My commission expires: I .....wunf.lwf AL7H pF PEfdPISYL~, N-OTARIAL SEAL Public gAM81 ANN HECKI=NDORN, Notes Camp HIII Boro., Cumberland County My Comm~gs~n~~ Expires JanuaryD P. 003 ,,;, r d U 12:16 PROOF OF PUBLICATYON OF NOTICE IN CUMBERLA>~tD LAW JOYJRNAY, (Under Act No. 5 87, appxo.ved,May 16, 1929), P. L.1784 COMMONWEALTI3 OF PENNSYLVANIA COUNTY O>~' CUMBERLANA ss. P, 003 Lisa Marie Coyne, Esquire, Editor of the Cumberland I,aw Journal, of the County and .-State aforesaid, being.duly sworn, according_to law,:deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, vlz: March 6 lylarch 13 and March 20, ?009 Affiant further deposes that he is authorized to verify this statezxlelrt by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. is Marie oyne, i or SWORN AND SCJBSCRIBLD before me this 20 day of March, 2009 ~- Notary Piper, Merle E., decd. Late pf West Pennsboro Town- ship. Executor: MST Back, Attn.: Jane Burke c/o Cherlca E. 9hieifls, III, Esquire, 6 Clouser Rd., Ivicchar.- icaburg, PA 17055. Attorney: Cha:lea E. Shields, III, Esquire, 6 Clouacz Rd., Mccha.*~- icaburg, PA 17055. ~ Nr~TARIAI SEAL DEBORAH A COILINS Nofory Public GAALIStE 80R0, CUMBC•P.LAND COUNTY My Commt~slon Expires Apr 28, 2010 ~IAFi 19/2009/TuU 0? : ,~~ F~'1 __~--:, ,/, ~. ~, PROOF OF PUI~I~ICATION State of Pennsylvania, Cod ty of Cumberland Erica Peterson, Classified Nlana~er, of The Sentinel, of the County anal State aforesaid, being duly sworn, deposes and says that TI~, SENTINEL, a newspaper of general circulation in the Borough of Carlisle, Count and State aforesaid, eras established December 13'',1881, since which date THE SENTTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactlq the same as was printed ax~,d published in the regular editions and issues of THE SENTINEL on the following day(s): March 3 2009 lyiaxch l.0 2009 and March 17 2009 I COPY Off' NOTICE OF PUBLICATION --u~ sxccu:o~s~~ 4' ,c.pt{araTB~r&rpgntary`antt1,~' 4q~ie~~tME(i1-EE P4P.Eq I~~pr;w~et .~~~~. tPannab4 ~o Towne~h~lp Cu~r~i, 'leln County Pa~lnayWari ode eedee ~~. ~~~ Y jty9Ve,p~~"n'granCeq ralh~i~,;~,de(~gn~d; Ail par¢n~~kr~gwing,tncros~lyd~t~e. ' A ae indeble. o ea~d;F~sta(~ wdl'mg a payment ~mmed q}~lyT~`d thou •'' f`y,kerlp~~clelrp~ ~I~I ptgeagt-their tar e'anlerrt6~t to ~~~+, ~+t1; ~ ~, t'J~1 H B R_KE MB.T BANK EXECl~17~oq~!~I 'S~ th~4} i~'f? ~>•', .. c7S:.C~af1~',§ EcaSn~IdS;:lll E G~ij~e ma,~yy,,,, ,~ ~ ~ ; .~ y~' r A .r ^.', B;G;4u~d~RbSd~j' ~: ~'S ~ ~~ ~'( Me~nanlr,Ngo~7rg~ P~~sYNOnia 170$5 ;', ` ~~ i ~fiant further deposes that he/she is not interested in the subject matter of the a!~oresaid notice or advertisement, and that ~~1 allegations in the foregoing statement ass to time, place and character of publication are true. I Sworn to and subscribed before me this I~; l~ a,o _.. ~ I ~~ ~ Notarq Public y commission expires: ~~q-.IONWEAL7H OF PENpySYL~AtdIA NOTARIAL SEAL Public 8AM81 ANN HECKEND~RN. ~~ Camp HIII Boro.. Cumberland Goun~ My Commlgs~s+t~ Exp1t®S January ~ P. OG3 .,;~~ : d U 12:16 ~ ~~I PROOF OF PUBLXCATION OF NOTICE IN CUMBERLA.iND LAW .~OYJRNAL (Under Act No. 587, appxoved N1ay 16, 1929), P. L.1784 COIvII~10N'w'EALTII OF PENNSYLVANIA ss. CO[,T1TY OF CUMBERLANA P. 00~ Lisa 1vlarie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being.duly sworn, according_to law,: deposes and says that.the Cumberland Law Journal, a legal periodical published in the Borough of Cazlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since 7anuary 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Lava journal on the following dates, vlz March 6 lvlaxch 13 and March 20 2009 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are txue. yne, SWORN r~ AND S~TBSCRIBED before me this 20 day of March, 2009 ~~ Notary Piper, Merle E., decd. Late of West Pennsboro Town- ship. Executor: Ma;T Bank, Attn._ Ja.*ze Burke c/o Charles E. 9hicids, III, Esquire, 6 Clouser Rd., Ivlcchan- • icaburg, PA 17055. Attorney: Charles E. Shields, III, Esquire, 6 Clouser R.d., Mechan- icsburg, PA 17055. m,.~. N~~TARWI SEAL pE®ORAH A COILINS Notory Public GAR;ISIfi 80R0, CUMBEP,LAND GOUNIY My Gomrnlcslon Expires Apf 28, 20'10 3AW,gmB.y~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA. ORPHANS' COURT DIVISION FILE N0. 21-09-0108 ESTATE OF MERLE E. PIPER ~ ' ~ C] v ------------------------ - t-, ~ -r,.? ~~ ~ i Z ~~ ...s ~ ~_~ ') FIRST AND FINAL ACCOUNT OF r~ ~.~ Manufacturers and Traders Trust Company, Administrator, CT~i,"' ~ t~7 r~`,-1 ;, _, `. f _' --~ ' :: ~ Date of Death: January 17, 2009 .J--i ,. :_-°-~. f ~ • : t _ Date of Executor's Appointment: February 3, 2009 ~-~ ~~ Date of First Complete Advertisement: The Sentinel March 3, 10 and 17, 2009 Cumberland Law Journal March 6, 13 and 20, 2009 Accounting for the period: January 17, 2009 to January 27, 2010 ----------------------------------------------------------------- ----------------------------------------------------------------- Purpose of Account: The Adminstrator, CTA offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: Jane F. Burke, Vice President Manufacturers and Traders Trust Company One West High Street Carlisle, PA 17013 (717) 240-4504 Or Charles E. Shields, III, Esquire 6 Clouser Road Mechanicsburg, PA 17055 - 1 - °e SUMMARY OF ACCOUNT PRINCIPAL PAGES Receipts Net Gain on Sales or Disposition Less Disbursements: Funeral Expenses Debts of Decedent Federal State & Local Taxes Administration - Misc. Exp. Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: Changes in Holdings INCOME Receipts Less Disbursements Balance before Distributions Distributions to Beneficiaries Income Balance on Hand COMBINED BALANCE ON HAND Proposed Principal Distributions 27-29 Verification 30 3-5 $ 893,554.33 6-7 2,476.51 $ 896,030.84 8 $ 10,006.27 8-11 24,832.72 11 43,955.89 11-13 88,524.27 -167,319.15 $ 728,711.69 14 -68,459.78 15-16 $ 660,251.91 17-21 22-23 $ 8,937.62 24 -503.73 $ 8,433.89 25 -8,553.44 26 $ -119.55 - 2 - $ 660,132.36 PRINCIPAL RECEIPTS Assets Listed in Inventory (Valued as of Date of Death) Real Estate 401 Mt. Rock Road, Newville, PA 172141, Cumberland County Deed Book 18E Page 76 Partnership Interest 25~ Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345,000; Farm Equipment - $16,338.75; 1988 chewy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 25% Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - $31,875; 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking Account #225169 - $2,761.10 Common Stocks 8,981 Shs. ACNB Corporation 17.0306 Shs. Embarq Corporation 462.4107 Shs. M&T Bank Corporation 341.8602 Shs. Orrstown Financial Services Incorporated 312 Shs. Sprint Nextel Corporation Personal Effects Massey Harris 333 Tractor Massey Harris Pony Tractor FORWARD $ 184,000.00 373,661.61 82,261.10 101,709.83 599.30 18,178.52 9,232.58 691.09 3,500.00 4,000.00 $ 777,834.03 - 3 - PRINCIPAL RECEIPTS (cont'd) FORWARD Certificates of Deposit $10,000 Central PA Conference The United Methodist Church Certificate #29391 $25,000 Central PA Conference The United Methodist Church Certificate #19743 Cornerstone Federal Credit Union Account #5314 F&M Trust Checking Account #33-07387 Farmers National Bank/Adams County National Bank Checking Account #220914 Adams Electric Co-Op - Final Co-Op Payment AMA Insurance Agency - Premium Refund Cash CUNA Mutual Group - Premium Refund Erie Insurance Group - Premium Refund Mayo Foundation - Subscription Refund Popular Mechanics - Subscription Refund Proceeds from Sale of 1992 Dodge Pick-Up Truck Proceeds from Sale of 2005 Chevrolet Uplander Proceeds from Sale of 2007 Chevrolet Colorado FORWARD $ 777,834.03 10,000.00 25,000.00 $ 812,834.03 890.63 5,813.03 20,149.36 34.35 9.26 3.49 1.10 76.00 19.29 17.33 510.00 11,000.00 13,200.00 $ 864,557.87 - 4 - PRINCIPAL RECEIPTS (cont'd) FORWARD $ Proceeds from Sale of Personal Property Redemption - VISA Travelers Cheques The Arthritis Foundation - Subscription Refund The News-Chronicle Company - Subscription Refund Union Fidelity Life Insurance Company - Premium Refund F&M Trust Money Market Account #71-08788 SUBSEQUENT RECEIPTS. STOCKS: 05/01/09 747 Shs. ACNB Corporation - Received - Jointly owned with Galen E. Piper CASH: 12/29/09 Received from Michael K. Miller - Pro-Rata Share of County Taxes 12/28 - 12/31/09 $ 3.97 12/29/09 Received from Michael K. Miller - Pro-Rata Share of School Taxes 12/28/09 - 6/30/10 948.63 TOTAL PRINCIPAL RECEIPTS 864,557.87 17,141.50 210.00 4.99 19.26 7.63 2,200.70 884,141.95 8,459.78 952.60 $ 893,554.33 - 5 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS GAIN LOSS 03/11/09 0.4107 Shs. M&T Bank Corporation Net Proceeds 11.54 Acquisition Value 16.22 $ 4.68 03/20/09 $10,000 Central PA Conference The United Methodist Church Certificate #29391 Net Proceeds 10,000.00 Acquisition Value 10,000.00 03/20/09 $25,000 Central PA Conference The United Methodist Church Certificate #19743 Net Proceeds 25,000.00 Acquisition Value 25,000.00 04/08/09 0.8602 Shs. Orrstown Financial Services Incorporated Net Proceeds 20.64 Acquisition Value 23.23 05/22/09 0.306 Shs. Embarq Corporation - Distributed Fractional Shares Net Proceeds .00 Acquisition Value .00 07/17/09 0.29 Shs. Centurytel Incorporated Net Proceeds 8.46 Acquisition Value 7.46 $ 1.00 09/25/09 25$ Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345,000; Farm Equipment - $16,338.75; 1988 chewy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 Net Proceeds 12,072.86 Acquisition Value 12,072.86 2.59 FORWARD $ 1.00 $ 7.27 - 6 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) GAIN LOSS FORWARD $ 1.00 $ 7.27 09/25/09 25% Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345,000; Farm Equipment - $16,338.75; 1988 Chevy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 - Received from William L. Piper Net Proceeds 30,132.40 Acquisition Value 30,132.40 09/25/09 25~ Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345,000; Farm Equipment - $16,338.75; 1988 Chevy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 - Received from Joseph E. Piper Net Proceeds 30,132.40 Acquisition Value 30,132.40 09/25/09 25~ Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345,000; Farm Equipment - $16,338.75; 1988 Chevy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 - Received from Dorothy M. Finkenbinder Net Proceeds 30,132.40 Acquisition Value 30,132.40 10/27/09 23 Shs. Centurytel Incorporated Net Proceeds 774.62 Acquisition Value 591.84 182.78 12/29/09 401 Mt. Rock Road, Newville, PA 17241, Cumberland County Deed Book 18E Page 76 Net Proceeds 186,300.00 Acquisition Value 184,000.00 2,300.00 TOTALS $ 2,483.78 $ 7.27 NET GAIN TRANSFERRED TO SUMMARY $ 2,476.51 --------------- --------------- - 7 - DISBURSEMENTS OF PRINCIPAL FUNERAL EXPENSES Eaaer Funeral Home, Incorporated 02/11/09 Funeral Expense $ 10,006.27 $ 10,006.27 DEBTS OF DECEDENT Internal Revenue Service Federal Individual Income Tax 03/31/09 2008 Balance Due 1,508.00 Autospa 06/19/09 Full Detail on 2005 Chevy Uplander and 2007 Chevy Colorado 400.00 Carl E. Ocker, Auctioneer 07/01/09 Balance Due for Auctioneer Fee 3,404.00 Cornerstone Federal Credit Union 02/06/09 To Pay off Loan #5314-06 - 2005 Chevrolet Uplander 9,260.84 CTCB 03/31/09 2008 Local/City Income Tax 97.10 Deborah Piper 03/27/09 Real Estate Tax - 401 Mount Rock Road $ 355.07 07/13/09 School Real Estate Tax - 401 Mount Rock Road 1,834.20 2,189.27 Edmil Fuels Incorporated - Fuel Expense 02/10/09 15.79 Embara - 401 Mount Rock Road 03/12/09 Telephone Expense 30.50 FORWARD $ 16,905.50 $ 10,006.27 - 8 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ 16,905.50 $ DEBTS OF DECEDENT (cont'd1 Farmers National Bank/Adams County National Bank Checking Account #220914 02/06/09 Outstanding Check #3186 Paid to Zack Piper $ 300.00 02/06/09 Outstanding Check #3187 Paid to PPL 97.70 02/06/09 Outstanding Check #3189 Paid to Ed Fuels, Inc. 17.16 02/06/09 Outstanding Check #3190 Paid to GM Credit Card Payment 489.35 02/06/09 Outstanding Check #3188 Paid to Embarq 38.57 02/06/09 Outstanding Debit Paid to Continental General Insurance Premium 253.33 1,196.11 Galen E. Piper 07/29/09 Reimbursement for Batteries for Tractors 299.84 Gary J. Mullen 03/31/09 Water Softener Repairs - 401 Mount Rock Road $ 539.77 06/05/09 179.99 719.76 Hilton Lock Service 02/20/09 Re-keyed Lock at 401 Mt, Rock Road 380.80 Howard's Accounting 03/31/09 2008 Tax Preparation Fee 235.00 Jackson's Landscaping 07/29/09 Repair Lawn 280.00 Joseph E. Piper, Sr. 06/15/09 Reimbursement for Mowing and Tractor 500.00 Repairs FORWARD 10,006.27 $ 20,517.01 $ 10,006.27 - 9 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ 20,517.01 $ DEBTS OF DECEDENT (cont'd K. M. Dauaherty 07/28/09 General Housecleaning - 401 Mount Rock Road 480.00 Mohammad Ismail - Medical Expense 02/10/09 135.00 Newville Community Ambulance - Medical Expense 02/06/09 75.00 Pennsylvania Dept of Revenue State Individual Income Tax 03/31/09 2008 Balance Due 94.00 PPL Electric Utilities - Electricity Expense - 401 Mount Rock Road 03/12/09 $ 85.00 04/13/09 85.00 05/12/09 85.00 06/12/09 85.00 07/14/09 85.00 08/13/09 85.00 510.00 Ryan Leppo 07/07/09 Reimbursement for House for Sale Sign 58.02 SES Insurance Brokerage Service 03/27/09 Liability/Property Insurance Premium - 401 Mount Rock Road 1,175.00 Terry Lindsay - Trash Removal Expense 06/16/09 $ 205.00 07/14/09 695.00 900.00 FORWARD 10,006.27 $ 23,944.03 $ 10,006.27 - 10 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD DEBTS OF DECEDENT (cont'd) The News-Chronicle Company 02/10/09 03/10/09 08/11/09 House Sale Ads - Valley-Times-Star Tri-County Abstract Service 04/06/09 Waste Management of Central PA 07/23/09 Roll-Off Service - 401 Mount Rock Road FEDERAL STATE & LOCAL TAXES Cumberland County Register of Wills 03/31/09 Pennsylvania Inheritance Tax Payment 10/09/09 Pennsylvania Inheritance Tax - Balance Due ADMINISTRATION - MISC. EXPENSES All American Termite & Pest Contol 12/29/09 Termite Treatment on Sale of 401 Mount Rock Road Carol A. Hinman 12/29/09 Notary Fee on Sale of 401 Mount Rock Road Cumberland County Register of Wills 02/03/09 Letters Testamentary and Short Certificates 02/05/09 10 Short Certificates 05/04/09 Short Certificate 06/22/09 Short Certificates 10/09/09 Filing Fee - Inheritance Tax 11/19/09 Additional Probate Costs FORWARD $ 15.75 15.75 54.00 $ 30,000.00 $ 23,944.03 $ 85.50 175.00 628.19 13,955.89 43,955.89 $ 545.00 40.00 4.00 12.00 15.00 150.00 1,191.44 10.00 766.00 1,967.44 $ 10,006.27 24,832.72 43,955.89 78,794.88 - 11 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ 1,967.44 $ ADMINISTRATION MISC EXPENSES (cont'd) Charles E. Shields, III 03/20/09 Reimbursement for Cost of Advertising 134.44 and Proof of Publication Diversified Appraisal Services 05/14/09 Appraisal Fee - Mount Rock Road $ 1,525.00 Properties 325.00 1,850.00 08/13/09 Appraisal Fee - 401 Mount Rock Road Harold Walker 93.50 12/07/09 Traffic Control at Public Sale Mike Chestnut 93.50 12/07/09 Traffic Control at Public Sale Pecks Septic Service 12/29/09 Septic Inspection on Sale of 401 Mount 190.00 Rock Road PPL Electric Utilities - Electricit Ex ense - 401 Mount Rock Road $ 47,09 10/16/09 75.94 11/16/09 75.82 12/11/09 109.06 308.01 O1/11/10 Re/Max 1st Advantage 5,689.00 12/29/09 Commission on Sale of 401 Mount Rock Rd Re/Max Delta Group 5,489.00 12/29/09 Commission on Sale of 401 Mount Rock Rd $ 12/29/09 Transaction Fee on Sale of 401 Mount 165.00 5,654.00 Rock Road FORWARD $ 15,979.89 $ 78,794.88 78,794.88 - 12 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ ADMINISTRATION - MISC EXPENSES (cont'd) R_SR Appraisers & Analysts 04/21/09 Appraisal Fee - Piper Acres Farm Property and 3 Residential Properties R & W Equipment Company 04/21/09 Appraisal Fee - Farm Equipment 04/29/09 Appraisal Fee - Additional Items Sellers Assist 12/29/09 On Sale of 401 Mount Rock Road The Sentinel 07/06/09 Cost of Advertising and Proof of Publication State Tax/Stamps 12/29/09 On Sale of 401 Mount Rock Road RESERVES: Manufacturers and Traders Trust Company - Executor Fee Charles E. Shields, III, Esquire - Attorney Fee Cumberland County Register of Wills - Filing Fee TOTAL DISBURSEMENTS OF PRINCIPAL $ 203.52 37.50 15,979.89 S 5,000.00 241.02 6,300.00 222.04 1,863.00 $ 31,068.32 26,350.00 1,500.00 58.918.32 78,794.88 88,524.27 $ 167,319.15 - 13 - DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES Galen E. Piper 05/02/09 747 Shs. ACNB Corporation 10/22/09 Advance Distribution $ 8,459.78 20,000.00 $ 28,459.78 Gary E. Piper 10/22/09 Advance Distribution Gerald E. Piper 10/22/09 Advance Distribution TOTAL DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES 20,000.00 20,000.00 $ 68,459.78 - 14 - PRINCIPAL BALANCE ON HAND FIDUCIARY VALUE AT ACQUISITION 01/27/2010 VALUE Partnership Interest 25o Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - $31,875; 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking $ 261.10 $ 82 82,261.10 Account #225169 - $2,761.10 , Common Stocks 8,981 Shs. ACNB Corporation 111,364.40 101,709.83 462 Shs. M&T Bank Corporation 35,250.60 18,162.30 341 Shs. Orrstown Financial Services Incorporated 10,693.76 9,209.35 312 Shs. Sprint Nextel Corporation 1,088.88 691.09 Promissory Notes Dorothy M. Finkenbinder Promissory Note 0.838 due 9/24/12 90,037.18 90,397.18 Joseph E. Piper Promissory Note 0.83 due 9/24/12 90,397.18 90,397.18 William L. Piper Promissory Note 0.83°s 397.19 90 90,397.19 due 9/24/12 , Personal Effects Massey Harris 333 Tractor 3,500.00 3,500.00 Massey Harris Pony Tractor 4,000.00 4,000.00 $ 518,990.29 $ 490,725.22 FORWARD $ 518,990.29 $ 490,725.22 - 15 - PRINCIPAL, BALANCE ON HAND (cont'd) FORWARD CASH (AUTOMATICALLY INVESTED) $ 518,990.29 $ 490,725.22 169,526.69 169,526.69 TOTAL PRINCIPAL BALANCE ON HAND $ 688,516.98 $ 660,251.91 THE ABOVE CASH IS CURRENTLY INVESTED IN MTB Money Market-Inst I Fund #420 - 16 - CHANGES IN PRINCIPAL HOLDINGS ACCOUNT VALUE 09/25/09 09/25/09 09/25/09 09/25/09 09/26/09 25% Undivided Interest in Piper Acres - Consisting of 425 Mt. Rock Rd - $345 000; Farm Equipment - $16,338.75; 1988 chevy Silverado Pick Up - $250 and Adams County National Bank Checking Account #178047 - $12,072.86 0 Held as of Date of Death $ 373,661.61 Sold - Received from Dorothy M. Finkenbinder - 1/3 Initial Payment -30,132.40 0 $ 343,529.21 0 0 0 Sold - Received from Joseph E. Piper - 1/3 Initial Payment -30,132.40 $ 313,396.81 Sold - Received from William L. Piper - 1/3 Initial Payment Sold 0 Exchanged for Three $90,397.18 Promissory Notes in the Names of William L. Piper, Joseph E. Piper and Dorothy M. Finkenbinder 0 -30,132.40 $ 283,264.41 -12,072.86 $ 271,191.55 -271,191.55 $ 0.00 - 17 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Dorothy M Finkenbinder Promissorv Note 0.83% due 9/24/12 09/26/09 0 Received in exchange of Balance of 25% Undivided Share of Piper Acres $ 90,397.18 Joseph E Piper Promissorv Note 0.83% due 9/24/12 09/26/09 0 Received in exchange of Balance of 25% Undivided Share of Piper Acres $ 90,397.18 ------------------ ------------------ William L Piper Promissorv Note 0.83% due 9/24/12 09/26/09 0 Received in exchange of Balance of 25% Undivided Share of Piper Acres $ 90,397.19 25% Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - S31 875. 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking Account #225169 - $2,761.10 0 Held as of Date of Death $ 82,261.10 ------------------ ------------------ - 18 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE 401 Mt Rock Road Newville, PA 17241E Cumberland County Deed Book 18E Paae 76 0 Held as of Date of Death $ 184,000.00 12/29/09 Sold -184,000.00 0 $ 0.00 ------------------ ------------------ ACNB Corporation 8,981 Shs. Held as of Date of Death $ 101,709.83 ACNB Corporation 05/01/09 747 Shs. Received $ 8,459.78 05/02/09 747 Shs. Distributed in Kind -8,459.78 0 Shs. $ ----- ----- 0.00 ------------- ------------- Central PA Conference The United Methodist Church Certificate #29391 $10,000 Held as of Date of Death $ 10,000.00 03/20/09 $10,000 Sold -10,000.00 $0 $ 0.00 - 19 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Central PA Conference The United Methodist Church Certificate #19743 $25,000 Held as of Date of Death $ 25,000.00 00 ld S -25,000.00 03/20/09 $25,0 o $0 $ 0.00 Embara Corporation 17.0306 Shs. Held as of Date of Death $ 599.30 ted Fractional Shares ib t i 0.00 05/22/09 0.0306 Shs. u r D s $ 599.30 17 Shs. 07/01/09 17 Shs. Delivered in merger to Centurytel Incorporated -599.30 0 Shs. $ 0.00 Centurytel Incorporated 07/01/09 23.29 Shs. Received in merger from Embarq Corporation $ 599.30 ld S -7.46 07/17/09 0.29 Shs. o 23.00 Shs. $ 591.84 ld S -591.84 10/27/09 23.00 Shs. o 0.00 Shs. $ 0.00 - 20 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE M&T Bank Corporation 462.4107 Shs. Held as of Date of Death $ 18,178.52 03/11/09 0.4107 Shs. Sold -16.22 462 Shs. $ 18,162.30 --------------------- ------------------ --------------------- ------------------ Massey Harris 333 Tractor 0 Held as of Date of Death $ 3,500.00 ------------------ ------------------ Massey Harris Pony Tractor 0 Held as of Date of Death $ 4,000.00 ------------------ ------------------ Orrstown Financial Services Incorporated 341.8602 Shs. Held as of Date of Death $ 9,232.58 04/08/09 0.8602 Shs. Sold -23.23 341 Shs. $ 9,209.35 --------------------- ------------------ --------------------- ------------------ Sprint Nextel Corporation 312 Shs. Held as of Date of Death $ 691.09 - 21 - RECEIPTS OF INCOME ACNB Corporation 03/13/09 Dividend 8,981 Shs. 06/15/09 Dividend 8,981 Shs. 09/15/09 Dividend 8,981 Shs. 12/15/09 Dividend 8,981 Shs. Cash 05/04/09 Interest from Central PA Conference The United Methodist Church Certificates #29391 & #19743 Centurytel Incorporated 09/21/09 Dividend 23 Shs. Cornerstone Federal Credit Union Account #5314 02/17/09 Interest Embara Corporation 06/30/09 Dividend 17 Shs. F&M Trust Checking Account #33-07387 03/20/09 Interest Farmers National Bank/Adams County National Bank Checking Account #220914 02/06/09 Interest M&T Bank Corporation 03/31/09 Dividend 396 Shs. 04/09/09 Dividend 66.4107 Shs. 06/30/09 Dividend 462 Shs. 09/30/09 Dividend 462 Shs. 12/31/09 Dividend 462 Shs. MTB Money Market-Inst I Fund #420 03/02/09 Interest 04/01/09 Interest FORWARD $ 1,706.39 1,706.39 1,706.39 1,706.39 $ 6,825.56 537.20 16.10 3.65 11.69 37 .43 $ 277.20 46.49 323.40 323.40 323.40 $ 1.63 1.75 1,293.89 $ 3.38 $ 8,688.89 - 22 - RECEIPTS OF INCOME (cont'd) FORWARD $ 3.38, $ 8, 688.89 MTB Money Market-Inst I Fund #420 (cont'd) 05/01/09 Interest 0'78 06/01/09 Interest 0'27 07/01/09 Interest 0.11 08/03/09 Interest 3.56 09/01/09 Interest 2.34 10/01/09 Interest 3.66 11/02/09 Interest 4.92 12/01/09 Interest 2'28 01/04/10 Interest 2.37 23.67 Orrstown Financial Services Incorporated 05/27/09 Dividend 341 Shs. $ 75.02 08/26/09 Dividend 341 Shs. 75.02 11/25/09 Dividend 341 Shs. 75.02 225.06 TOTAL RECEIPTS OF INCOME $ 8,937.62 - 23 - DISBURSEMENTS OF INCOME Manufacturers and Traders Trust Company - Commission 03/16/09 04/15/09 05/15/09 06/15/09 07/15/09 08/17/09 09/15/09 10/15/09 11/16/09 12/15/09 01/15/10 TOTAL DISBURSEMENTS OF INCOME $ 102.48 19.52 0.04 4.52 122.49 0.21 4.64 122.97 0.30 4.64 121.92 $ 503.73 $ 503.73 - 24 - DISTRIBUTIONS OF INCOME TO BENEFICIARIES Galen E. Piper 06/30/09 Distribution 09/30/09 Distribution 12/31/09 Distribution $ 1,342.83 666.46 841.57 $ 2,850.86 Gary E. Piper 06/30/09 Distribution 09/30/09 Distribution 12/31/09 Distribution $ 1,342.83 666.46 841.57 2,850.86 Gerald E. Piper 06/30/09 Distribution $ 1,343.24 09/30/09 Distribution 666.66 12/31/09 Distribution 841.82 2,851.72 TOTAL DISTRIBUTIONS OF INCOME TO BENEFICIARIES $ 8,553.44 --------------- --------------- - 25 - INCOME BALANCE ON HAND FIDUCIARY VALUE AT ACQUISITION 01/27/2010 VALUE OVERDRAFT OF CASH $ -119.55 $ -119.55 TOTAL INCOME BALANCE ON HAND $ -119.55 $ -119.55 THE ABOVE CASH IS CURRENTLY INVESTED IN MTB Money Market-Inst I Fund #420 - 26 - PROPOSED PRINCIPAL DISTRIBUTION SCHEDULE Market Value Fiduciary as of Acquisition 01/27/2010 Value Galen E. Piper 2,993 Shs. ACNB Corporation $ 154 Shs. M&T Bank Corporation 114 Shs. Orrstown Financial Services Incorporated 104 Shs. Sprint Nextel Corporation Dorothy M. Finkenbinder Promissory Note 0.83% due 9/24/12 Joseph E. Piper Promissory Note 0.83% due 9/24/12 William L. Piper Promissory Note 0.83% due 9/24/12 Massey Harris Pony Tractor 25% Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - $31,875; 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking Account #225169 - $2,761.10 Principal Cash Gary E. Piper 2,994 Shs. ACNB Corporation 154 Shs. M&T Bank Corporation 113 Shs. Orrstown Financial Services Incorporated 104 Shs. Sprint Nextel Corporation FORWARD 37,113.20 $ 33,895.73 11,750.20 6,054.10 3,575.04 3,078.79 362.96 230.36 30,012.39 30,132.39 30,132.39 30,132.39 30,132.40 30,132.40 4,000.00 4,000.00 27,420.37 27,420.37 55,006.71 55,006.71 $ 229,505.66 $ 220,083.24 $ 37,125.60 $ 11,750.20 3,543.68 362.96 52,782.44 $ 33,907.05 6,054.10 3,051.78 230.36 43,243.29 - 27 - PROPOSED PRINCIPAL DISTRIBUTION SCHEDULE (cont'd) FORWARD $ 52,782.44 $ Dorothy M. Finkenbinder Promissory Note 0.83% due 9/24/12 Joseph E. Piper Promissory Note 0.83% due 9/24/12 William L. Piper Promissory Note 0.83% due 9/24/12 25% Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - $31,875; 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking Account #225169 - $2,761.10 Principal Cash Gerald E. Piper 2,994 Shs. ACNB Corporation 154 Shs. M&T Bank Corporation 114 Shs. Orrstown Financial Services Incorporated 104 Shs. Sprint Nextel Corporation Dorothy M. Finkenbinder Promissory Note 0.83% due 9/24/12 Joseph E. Piper Promissory Note 0.83% due 9/24/12 William L. Piper Promissory Note 0.83% due 9/24/12 Massey Harris 333 Tractor FORWARD 30,012.40 30,132.39 30,132.39 43,243.29 30,132.40 30,132.39 30,132.39 27,420.36 27,420.36 59,025.68 59,025.68 229,505.66 220,086.51 $ 37,125.60 $ 33,907.05 11,750.20 6,054.10 3,575.04 3,078.79 362.96 230.36 30,012.39 30,132.39 30,132.40 30,132.40 30,132.40 30,132.40 3,500.00 3,500.00 $ 146,590.99 $ 137,167.49 - 28 - PROPOSED PRINCIPAL DISTRIBUTION SCHEDULE (cont'd) FORWARD 25o Undivided Interest in Piper Rentals - Consisting of 431 Mt. Rock Rd - $31,875; 405 Mt. Rock Rd - $32,000; Three Square Hollow Rd - $15,625 and Adams County National Bank Checking Account #225169 - $2,761.10 Principal Cash $ 146,590.99 $ 137,167.49 27,420.37 27,420.37 55,494.30 55,494.30 $ 229,505.66 $ 220,082.16 TOTAL THE ABOVE CASH IS CURRENTLY INVESTED IN MTB Money Market-Inst I Fund #420 $ 688,516.98 $ 660,251.91 Manufacturers and Traders Trust Company B y ~ 'a~ L~1"t~ Jane F. Burke, Administrator, CTA of the ill of Merle E. Piper, Deceased - 29 - VERIFICATION MANUFACTURERS AND TRADERS TRUST COMPANY, Adminstrator, CTA of the Will of MERLE E. PIPER, Deceased, hereby declares under oath that it has fully and faithfully discharged the duties of its office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to its knowledge, there are no claims outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occured more than four months before the filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. c ~. ~.. MANU CTURERS AND TRADERS TRUST COMPANY ~~ ~''' i rr Dated: ~ lAN'l, . ~~ ~' - 30 -