HomeMy WebLinkAbout02-24-10
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Rebecca J. Margerum, Esquire
4054 Route 225
Elizabethville, PA 17023
717-649-6713
ID# 76307
THE MATTER OF THE APPOINTMENT
OF A GUARDIAN FOR
SVEN O. JENSEN, AN ALLEGED
INCAPACITATED INDIVIDUAL
IN THE COURT OF COI~lON PLEAS
DAUPHIN COUNTY, PENNSYLVANIA
ORPHANS COURT DIVISION
NO. 21-09-0807
PETITION TO SELL REAL ESTATE
TO THE HONORABLE JUDGE EBERT:
AND NOW, this 1 ! ~ day of/'~f~vary 2010, comes the Plenary
Permanent Guardian of the Estate, Constance E. Stoneroad of
Keystone Guardianship Services, of the above-captioned alleged
incapacitated individual, and respectfully requests that the
Honorable Judge Ebert grant a request to sell the real estate
owned by Sven 0. Jensen, to ensure liquidity of funds from which
to pay his debts and continuing daily living and medical
expenses. In support thereof, said guardian avers as follows:
-1-
1. Keystone Guardianship Services (hereinafter referenced
to as ~~Guardian") was appointed Guardian of the Estate of Sven
0. Jensen, an alleged incapacitated person by the Cumberland
County Orphans' Court by Order dated September 29, 2009, (see
Order attached as Exhibit "1") .
2. Sven 0. Jensen is a resident at Arden Courts -
Susquehanna of Harrisburg, located at 2625 Ailanthus Lane
Harrisburg, Dauphin County, Pennsylvania since December 7, 2009.
3. An Inventory of Assets for Sven 0. Jensen was filed by
the Guardian on December 22, 2009, (see Inventory attached as
Exhibit "2") .
4. Sven 0. Jensen is married to Barbara Fowler. Barbara
Fowler is a resident at Green Ridge Village, Newville,
Cumberland County, Pennsylvania in a skilled nursing care unit.
5. Sven 0. Jensen has two adult children, Ann Kristine
Evensen of 4870 Fevik, Norway and Thor Edward Jensen of Finnholt
2114 Disena, Norway.
6. Sven 0. Jensen's wife, Barbara Fowler, has two adult
children.
7. Barbara Fowler appointed her sister, Alexandra Young,
of 69 Dennis Drive, Amherst, Massachusetts 01002 as Agent under
a Power of Attorney dated July 18, 2008, (see copy of Power of
Attorney attached as Exhibit "3").
-2-
8. Sven 0. Jensen and his wife, Barbara Fowler, are joint
owners of real estate known as 317 Carol Street, New Cumberland,
Cumberland County, Pennsylvania (Parcel No. 26-23-0543-030) (see
copy of Deed a t Cached as Exhibi t "4") .
9. The Cumberland County Tax Assessment value of said
real estate is $159,870.00; Cumberland County Tax Assessment
Common Level Ratio is 1.26 bringing the value to $201,436.20
(see copy of Assessmen t Summary a t Cached As Exhibi t "5") .
10. The said property has been appraised at a value of One
Hundred Seventy Five Thousand ($175,000.00) Dollars by P. Scott
Archibald, 4454 Dunmore Drive, Harrisburg, Pennsylvania 17112
(see copy of Appraisal a t Cached as Exhibi t "6") .
11. Keystone Guardianship Services and Alexandra Young
agree that neither Sven 0. Jensen nor Barbara Fowler will be
returning to reside at 317 Carol Street, New Cumberland,
Cumberland County, Pennsylvania.
12. Keystone Guardianship Services, Court Appointed
Guardian for Sven O. Jensen and Alexandra Young, Agent under
Power of Attorney for Barbara Fowler will be in need of funds to
pay for continuing care of Sven O. Jensen at Arden Courts, and
Barbara Fowler at Green Ridge Village.
13. The Guardian has obtained the Consent of Alexandra
Young, Agent for Barbara Fowler, to sell the real estate
-3-
belonging to Sven 0. Jensen and Barbara Fowler at a public sale
for no less than One Hundred Seventy Nine Thousand ($179,000.00)
Dollars (the average of the Cumberland County Tax Assessment
value of $159,870, the Cumberland County Tax Assessment Common
Level Ratio value of $201,436.00 and the appraised value of
$175, 000.00) (see copy of Consent attached as Exhibit "7") .
14. The Guardian along with the Consent of Alexandra
Young, Agent for Barbara Fowler is requesting permission to sell
the real, at a public auction with Elmer Murry Auctions, 14
North Walnut Street, Mechanicsburg, PA 17055 sold "As Is" for
no less than One Hundred Seventy Nine Thousand ($179,000.00)
Dollars (see copy of contract attached as Exhibit "8").
WHEREFORE, the aforementioned Guardian respectfully
requests this Honorable Judge Ebert, enter an Order allowing the
sale 317 Carol Street, New Cumberland, Cumberland County,
Pennsylvania (Parcel No. 26-23-0543-030) owned jointly by Sven
0. Jensen and his wife, Barbara Fowler, "As Is" for no less than
One Hundred Seventy Nine Thousand ($179,000.00) Dollars.
Respectfully Submitted:
Date ~ " /'"1 '' ~Q/O
Rebecca J. Margerum, Esquire
4054 Route 225
Elizabethville, PA 17023
717-649-6713
ID# 76307
4-
THE MATTER OF THE APPOINTMENT
OF A GUARDIAN FOR
SVEN O. JENSEN, AN ALLEGED
INCAPACITATED INDIVIDUAL
IN THE COURT OF CO1~Il~ION PLEAS
DAUPHIN COUNTY, PENNSYLVANIA
ORPHANS COURT DIVISION
NO. 21-09-0807
VERIFICATION
I, Constance E. Stoneroad of Keystone Guardianship
Services, Plenary Permanent Guardian of the Estate of Sven 0.
Jensen, verify that the averments in this Petition to Sell Real
Estate are true and correct. I understand that false statements
herein are made subject to the penalties of 18 Pa. C.S. 4904,
relating to unsworn falsification to authorities.
Date : _`~ ~ `~. ~~~
KEYSTONE GUARDIANSHIP SERVICES
Constance E. Stoneroad
Keystone Guardianship Services
P 0 Box 804
Elizabethville, PA 17023
IN RE: IN THE COURT OF COMMON PLEAS OF ~,.,
CUMBERLAND COUNTY, PENNSYL~~IA ~ _~_
_,, ~ : -
SVEN O. JENSEN, _ -_ ~ ~~
AN ALLEGED INCAPACITATED --._~ u~ _- _ ,
PERSON NO. 21-09-0807 ORPHANS COURT == -- ~-- ~ _ ~ .--~
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=-~; - - - _
ORDER OF COURT - =~ ~~'• ~_:_
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AND NOW, this 29th day of September, 2009, this matter having been called for
a hearing, the Court finds, upon clear and convincing evidence, that Sven O. Jensen is
an incapacitated person in that he suffers from a mental impairment that prevents him
from receiving and evaluating information effectively and prevents him from formulating
and communicating decisions to such a significant extent that he is unable to manage
his financial affairs or meet essential requirements for his physical health and safety on
a daily basis.
The Court appoints the Cumberland County Office of Aging and Community
Services as Permanent Plenary Guardian of the Person of Sven O. Jensen. Keystone
Guardianship Services is appointed Permanent Plenary Guardian of the Estate of Sven
O. Jensen.
IT IS FURTHER ORDERED AND DIRECTED that Cumberland County Aging
and Community Services and Keystone Guardianship Services are authorized to obtain
payment for their services pursuant to their fee schedules; and Cumberland County
Aging and Community Services and Keystone Guardianship Services are authorized to
obtain payment of guardians fees subject to a maximum of 10% of Sven O. Jensen's
gross monthly income or $100 per month, whichever is less, at such time, that Sven O.
Jensen no longer has sufficient assets to pay for guardianship services and would
qualify for medical assistance. The posting of bond will be waived in this case. The
EXHIBIT "1 "
Guardians sha11 hereafter comply with the reporting requirements of 20 Pa.C.S. Section
5521(c), a copy of which is attached.
By the Court,
~~~,~ ~~ ,
~~
~ ~ ~,
M. L. Ebert, Jr., ~ J.
Anthony L. DeLuca, Esquire
Attorney for Cumberland Co. Aging and Community Services
Mark Bayley, Esquire
Court-Appointed for Sven O. Jensen
Cumberland County Aging and Community Services
:~'; ~~°i~~E C+JPY FROIN RECORD
!n Testimony wherofi, !hereunto
38-t my hand and the seal
of sayi-~d Courtat~CC~~arlisle. PA
Thi~~"! day ofi ~~ ~20~
,.~~
C~ ~ ~ '+ ~ z~ ~ r~~L~
Cierk of the O ans Court
Cumbe and County
GUA.RDIAN'S INVENTORY
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
Estate of Sven O. Jensen , an incapacitated Person
No. 21-og-080.7
i. Real Estate: (Location, by whom occupied and rental Estimated Value:
terms
Sub-Total for heal Estate: I $o.oo
2. Personal Pro a estimated Value:
Sovereign Bank #35io6o8S5 $1,864.00
Sovereign Bank #054075026 $158397.83
Cash found in home $202.98
Jackson National Insurance -IRA # 1oo56g3323 $260,229.29
2002 Ford Winstar $3,905.00
Sub-Total for Personal Property: I $424599.10
3. Jointly Held Property: Estimated Value:
(Set fourth real and personal property owned by the Incapacitated person JOIIVTLYwith any
other person(s). State whether held as tenants by the entireties; if not, whether the right of
ciiri~irinrshin ¢ristc 1
317 Carol Street, New Cumberland, Cumberland County, PA
Parcel #26-23-0543-030 -Assessed value - $159,870 $79935.00
Held Joint Tenants with Right of Survivorship with his wife,
His wife, Barbara Fowler
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Estate of Sven O. Jensen , an incapacitated Person
4. Anticipated Assets:
(Set fourth property of any kind expected to be acquired hereafter, together with
anticipated date of acquisition.)
Property
Anticipated Date
of Acquisition
Estimated Value:
Sub-Total for Personal Estate $o.oo
(Attach additional sheets if necessary)
TOTAL OF ITEMS 1~ 2, 3~ and 4: ...................................................................... $,~o4~S~4.io
5. Monthly income:
Social Security $1,864.00
Total of monthly income $1,864.00
Commonwealth of Pennsylvania
County of Dauphin
ss.
Keystone Guardianship Services ,says that the foregoing is a full,
(Guardian)
True and complete Inventory of the Estate of Sven O. Jensen ,
The aforesaid Incapacitated Person or Minor; and that all of the information set forth herein is
True and correct to the best of the Guardian's knowledge and belief.
I verify that the statements made in this )
Inventory are true and correct. I under- )
Stand that false statements herein are )
made subject to the penalties of )
i8 Pa.C.S. § 4904 relating to unsworn )
Falsification to authorities. )
Ar -
uardian
Page 2 of 2
INITIAL OVERVIEW REPORT OF
GUARDIAN OF THE ESTATE
COURT OF CO~VIMON PLEAS OF
CUMBERLAND COUNTY, PENiV"SYLVANIA ORPHANS' COURT DIVISION
Estate of Sven O. Jensen , an Incapacitated Person
No. 21-09-0807
I. INTRODUCTION
Keystone Guardianship Service ,was appointed
Plenary ~ Limited Guardian of the Estate by Decree of M. L. Ebert, Jr. , J.,
dated September 29, 2009.
'~ A. This is the Initial Report for the period from September 29, 2009
to December 1
2009 (the "Report Period"); or
B. This is the Final Report for the period from ,
to (the "Report Period"), and is filed
for the following reason:
1. The death of the Incapacitated Person. Date of death:
Name of Personal Representative:
2. The Guardianship was terminated by the Court by Decree of
J., dated
Page 1 of 3
Estate of Sven O. Jensen , an Incapacitated Person
II. INFORMATION:
A. Keystone Guardianship Services is the Court Appointed Guardian of the Estate of Sven O. Jensen
who resided at Manor Care in Carlisle, PA until December 7, 2009 at which time he was moved
due to the request of Manor Care to Arden Courts -Susquehanna of Harrisburg, located at 2625
Ailanthus Lane Harrisburg, Dauphin County, Pennsylvania ;and,
B. Barbara Fowler, wife of Sven O. Jensen, who is presently residing at Green Ridge Village,
Newville, PA, appointed her sister, Sandra Young of 69 Dennis Drive, Amherst, Massachusetts
01002, as her agent Agent under a Power of Attorney dated July 28, 2008; and,
C. To the best of the Guardian's knowledge Sven O. Jensen and Barbara Fowler held assets solely in
their individual names with the only known exception being the real estate in which they resided;
and,
D. The real estate known as 317 Carol Street, New Cumberland, Cumberland County, Pennsylvania
is deeded to Sven O. Jensen's wife, Barbara Fowler, joint tenants with right of survivorship; and,
E. The Guardian has determined that Sven O. Jensen and his wife, Barbara Fowler, file their Federal
and State Income Tax Returns jointly; and,
F. The Guardian found the largest asset of Sven O. Jensen is an IRA with Jackson National Life
fixed annuity which Sovereign Bank offers through there investment services through a
contractual agreement with LPL Financial Corporation ("LPL"), on which the named beneficiary
is Barbara Fowler.
G. The Guardian's attorney wrote a letter to Joseph Merrullo, Compliance Administrator ,
Investment Services at Sovereign Bank and received the attached reply. (Attachment "A"); and,
The major features of the annuity are:
1. First Year interest rate of 5.8%; and,
2. guaranteed rate of no less than 3% for as long as the contract is held; and,
3. up to 10% can be withdrawn annually without penalty this amount includes the
required minimum withdraw; and,
4. provides for nursing home and terminal illness waivers for access of additional funds
without penalty.
H. The Guardian met with Jeff S. Howe on December 10, 2009, and discussed the Jackson National
Insurance Annuity purchased through Sovereign Bank in detail confirming and explaining the
features of the annuity; and,
Due to the facts and f ndings relative to this Ward, the Guardian finds no need to meet and
review the information found with a representative of the Elder Abuse Task Force.
Page 2 of 3
Estate of Sven O. Jensen , an Incapacitated Person
I verify that the foregoing information is correct to the best of my knowledge,
information and belief, and that this Verification is subject to the penalties of 18 Pa.C.S. § 4904
relative to unsworn falsification to authorities.
D
Date
"~~ j ~
Signature of Guardian of the Estate
Constance E. Stoneroad
Name of Guardian of the Estate (type or print)
PO Box 804
Address
Elizabethville. Pa 17423
Ciry, State, Zip
717-265-406
Telephone
Notes: This report was prepared and submitted to the Court for informational purposes due to the
unusual situation and or circumstances of this Ward. The Guardian finds this to be an unusual
situation with different people and or entities responsible for and accountable for their decisions.
The situations to be encountered will be very different, and may be difficult and sensitive to handle
and will take much time and personal touch . Petitions and Annual Reports will be submitted as
needed and required to keep the Court informed.
Page 3 of 3
LPL Financial
November 18, 2009
Rebecca J. Margerum, Esq.
4054 Route 225
Elizabeth, PA 17023
Re: Sven Jensen
Dear Ms. Margerum:
Peter W. Gillies
Vice President
Associate Counsel
One Beacon Street, 22nd Floor
Boston, MA 02108-3106
peter.gillies@Ipl.com
617 897 4166 direct
800 775 4575 ext. 4166
617 426 8589 fax
This letter is in response to your letter dated November 10, 2009 to Joseph Merrullo
concerning Mr. Jensen's purchase of a Jackson National Life fixed annuity in July 2009.
Sovereign Bank offers investment services at its branch locations through a contractual agreement
with LPL Financial Corporation (``LPL"), and Mr. Jensen dealt with LPL registered
representative Jeffrey Howe and Sovereign Bank employee Holly Freundel in connection with
this transaction. Accordingly, Mr. Merrullo referred your letter to LPL for review and response.
I have reviewed this matter with Mr. Howe and Ms. Freundel, and reviewed LPL's records of this
transaction. Based on my review, the following appears to be an accurate chronology of events.
Background
Prior being introduced to Mr. Howe, Mr. Jensen had previously dealt with Ms. Freundel
at the West Shore Plaza branch for approximately five years (at that time, Sovereign offered
investment services through a contractual agreement with IFMG Securities, Inc. ("IFMG")).
Over that period of time, Mr. Jensen spoke frequently with Ms. Freundel about investment
options that he might consider when he retired for his retirement assets. These typically included
bank certificates of deposit and fixed annuities. Ms. Freundel noted that Mr. Jensen was
attendant to the details of his finances over this period of time, and often requested printouts of
his balances so that he could keep track of the rates he was earning and his overall financial
circumstances. In November 2008, Mr. Jensen told her that he planned to retire the following
spring or summer. She reviewed with him the process for rolling over his 401(k) with the
Pennsylvania Bar Association. In January 2009, she contacted him to let him know that she was
transferring to the Harrisburg branch, and that he could continue to work with the personnel at the
West Short Plaza branch, or with her at her new location.
In June 2009, Mr. Jensen and his retirement advisor from the Pennsylvania Bar
Association came to see Ms. Freundel for assistance with his retirement. Along with reviewing
the rollover process, they discussed investment options, including IRA certificates of deposit,
money market accounts, and fixed annuities. Both Mr. Jensen and his advisor appeared to be in
agreement that the fixed annuity would be a suitable investment, due to its contractual guarantees
and higher rates of interest than what was available from the other alternatives. Mr. Jensen stated
that he wanted to review these options with his wife. Accordingly, a meeting was scheduled for
July 10, 2009 at their home, which Ms. Freundel and Mr. Howe attended.
Member FINRA/SIPC ATTACHMENT "A"
LPL Financial
At the July 10, 2009 meeting, Mr. Howe and Ms. Freundel reviewed the investment
options for the 401(k) rollover. They both recal I that Mr. Jensen's principal investment objective
was safety of principal, and that he did not expect to require access to these funds for income.
They discussed that the Jensens had approximately $140,000 liquid in a money market account,
as well as a monthly pension and social security. They discussed that, because it was an IRA, he
would be required to take minimum distributions annually from the contract, but Mr. Jensen
stated that he did not expect that he would need those distributions to fund income needs. They
again reviewed IRA certificates of deposit, money market accounts, and fixed annuities,
including the Jackson National product. They noted that this product offered a first year interest
rate of 5.8%, and then guaranteed him a rate of no less than 3% for as long as he held the
contract. They also noted that up to 10% could be withdrawn annually without penalty, and that
the product provided for nursing home and terminal illness waivers for access to additional funds
without penalty. In connection with this discussion, they reviewed the enclosed Jackson National
informational brochure. Both Mr. and Mrs. Jensen appeared to be in agreement that this would
be a suitable investment, and Mrs. Jensen stated that it would be Mr. Jensen's decision to make.
After the meeting, Ms. Freundel called Mr. Jensen and told him that they would contact
him when the rollover check had been received by the bank, and that they would schedule another
meeting with Mr. Howe to review the product again. This follow-up meeting occurred at the
Harrisburg branch on July 14, 2009, when Mr. Jensen came in to meet with Ms. Freundel and Mr.
Howe. They again reviewed his and Mrs. Jensen's financial circumstances, and discussed his
investment options. Mr. Jensen agreed that he wished to purchase the Jackson National fixed
annuity, and signed the enclosed paperwork.
On August 4, 2009, Mr. Howe met with Mr. Jensen to deliver the contract, and again
reviewed its terms. The current status of the contract is as follows:
Total Deposits: $253,882.23
Contract Option Value: $263.092.09
Free Withdrawal Amount: $26,309.20
Cash Surrender Value: $230,781.39
Discussion
Based on my review of this matter, I have found no basis to accede to your request that
the contract that Mr. Jensen purchased be rescinded. As an initial matter, it appears that the
transaction was fully discussed, documented, and authorized. Both Ms. Freundel and Mr. Howe
also do not recall observing any apparent cognitive deficiencies that Mr. Jensen may have been
experiencing. As noted above, Ms. Freundel had known Mr. Jensen for approximately five years,
and did not perceive any change in his behavior or apparent cognitive capacity in the 2009
meetings from what she had previously observed. That perception appears to have been shared,
moreover, by the representative of the Pennsylvania Bar Association who accompanied Mr.
Jensen to the initial meeting with Ms. Freundel at the bank, and by Mrs. Jensen, who stated at the
July 10, 2009 meeting that this w•as Mr. Jensen's decision to make. I intend no disrespect, but if
there were any apparent incapacities at the time of the 2009 meetings, it seems likely that would
have been noted by one or more of these persons at the time.
I also do not agree with your assertion that the investment is not in Mr. Jensen's best
interests. It provides for guaranteed rates of return on atax-deferred basis that were and are
higher than other alternatives, and provides for 10% annual surrender-free withdrawals, as well as
nursing home and terminal illness waivers for access to additional funds in those eventualities.
Member ~INRA!SIPC
LPL Financial
Conclusion
For the above reasons, LPL and Sovereign Bank do not agree to your request that the
contract that Mr. Jensen purchased be rescinded.
Thank you for your attention to this matter. If you have any questions, please feel free to
contact me.
Very truly yours, ~,
?;~.
f
~ ~;
. ;.
t i 'i'~J
Pete` \ Gillies
Enclosures
Member FINRA/SiPC
C OO pal
DURABLE GENERAL
POWER OAF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that I, BARBARA A. FOWLER, of New
Cumberland, Pennsylvania 17070, do by these presents make, constitute and appoint
~'i' ALEXANDRIA YOUNG H-~~*-~^~(hereinafter referred to as "my agent"), my true and
C ~-~
lawful agent under a power of attorney, for me and in my name and on my behalf generally, to
~ do and perform all matters and things, including, without limiting the generality of the foregoing,
to transact all business, to make, execute, acknowledge, endorse and deliver all deeds of
conveyance, certificates of stock, bonds, car titles, releases of lien or satisfaction of bonds and
mortgages, contracts, orders, releases, checks, notes and endorsements, transfers and
assignments of any such contracts, specifically including but in no way limited to the execution
in my name of checks or orders of any nature for the withdrawal of funds standing to my credit
in any type of account in any bank, building and Ivan association or other financial institution,
and also to deposit in any accounts in my name in any such institutions any money, funds,
checks or drafts, payable or belonging to me; to enter my safe deposit boxes in any and all
banking institutions and to establish new safe deposit boxes and to add to and to remove any of
the contents thereof; to borrow money and to mortgage, pledge or hypothecate any property,
real or personal, now or hereafter owned by me as security therefore; to buy, sell possess,
insure, manage, maintain, improve, lease, mortgage, pledge, encumber, convey and otherwise
dispose of, or take any other action with respect to, any property, real or personal, now or
hereafter owned by me, on such terms and conditions as my agent may consider appropriate,
and in the event of sale of any of my real estate, to execute the sales agreement and the deed
in my name and to make settlement and receive the proceeds; and to prepare, execute and file
any tax returns, governmental reports and other instruments of whatever kind, and likewise to
execute any and all writings, assurances, instruments or documents which may be requisite or
proper to effectuate any matter or thing appertaining or belonging to me.
hereby authorize my agent to contract with and arrange for my entrance to any hospital,
nursing home, health center, convalescent home, residential care facility or similar institution, to
authorize medical, therapeutic and surgical procedures for me and to pay all bills in connection
therewith.
GiViivG AiVD vrc~i~TiiVv unto j~rty agent full authcrty and power to do and perform dny anti ail
other acts necessary or incident to the performance and execution of the powers herein
expressly granted, with power to do and perform all acts authorized hereby as fully to all intents
and purposes and with the same validity as I might or could so if personally present, hereby
ratifying and confirming whatsoever all that my agent shall lawfully do or cause to be done by
virtue hereof.
AND, I hereby declare that any act or thing lawfully done hereunder by my agent shall be
binding on myself and my heirs, legal and personal representatives and assigns.
AND, if incapacity proceedings for my estate or person are hereafter commenced. I hereby
nominate my agent to be appointed the guardian of my estate or person by any court having
jurisdiction in accordance with the provisions of Section 5604 (c) (2) of the Probate, Estates
and Fiduciaries Code.
This Power of Attorney shall continue in force and may be accepted and relied upon by anyone
or any entity to whom; it is presented des ite my urported revocation of it or my death, until
EX~ 1 B 1~' "3"
actual written notice of any such event is received by such person or entity. In the event of my
incapacity from whatever cause, this Power of Attorney shall not thereby be revoked but shall
thereupon become irrevocable and may be accepted and relied upon by anyone or any entity to
whom it is presented despite such incapacity, subject only to it becoming void and of no further
effect only upon receipt by such person or entity either of (1) written evidence of the
appointment of a guardian (or similar fiduciary) of my estate following adjudication of incapacity,
or (2) written notice of my death. This Power of Attorney shall not be affected by my
subsequent disability or incapacity.
This power of attorney shall rescind and revoke any other powers of attorney previously made
by me.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 18th day of July 2008.
~~,°I ~ ~ESS~D B~:
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
~-
s / `~
~/ \ (SEAL)
BARBARA A. FOWLER ~ ~R j~
:SS:
On this, the 18T" day of July 2008, before me, the undersigned officer, personally appeared
BARBARA A. FOWLER, who being-physicaiiy-unable-to-sign-her-names placed-fier-Mark-here- - --- -
before two witnesses, and acknowledged that she executed same for the purposes therein
contained
Notary Public
CUMIv1UNWEALTH OF PENN~YL1'ANIA
NOTARIAL SEAL
Harold S. Irwin Iii, Esq, Notary Public
Carlisle, Cumberland County
My commission ex ircs February 06, 2011
~~"~-•a
ACKNQWLEDt'~MENT Blr A~3ENT
I, ALEXANDRA YOUNG, have read the attached Power of Attorney executed by 6ARBARA A.
FOWLER and am the person identified as the Agent for the PRINCIPAL. 1 hereby acknowledge
that in the absence of a specific provision to the contrary in the Power of Attorney or in 20 PA.
C. S. when I act as Agent:
I shall exercise the powers for the benefit of the PRINCIPAL.
I shall keep the assets of the PRINCIPAL separate from my assets.
I shall exercise reasonable caution and prudence.
I shall keep a full and accurate record of all actions, receipts and disbursements on behalf of the
PRINCIPAL. %%'
i ~~~ ~ i
July ~' ~,, 2008 L~i~~~C~c~~-
ALEXANDRA YOUNG ~~~ ~ /
COMMONWEALTH OF PENNSYLVANIA
:SS:
f:OUNTY OF CUMBERLAND
On this, the ~,~~day of July 2008, before me, the undersigned officer, personally appeared
ALEXANDRA YOUNG, known to me or satisfactorily proven to be the person whose name is
subscribed to the within acknowledgment and acknowledged that she executed same for the
purposes therein contained.
WITNESS my hand and seal the day and year afor aid.
Notary Public
COMMONWEALTH OF PENNSYLVAN[A
H~rol~ S. Irwit~ I~1: ~.~;: <<~~rary 1'~.blic
Carlisle, C.lirilb~~i'Iai~l .~itnty
M~ commission nx fired F~t~i~ua - ~ 2p11
,~
~ anurs .- t~+n~ra. ~ a. ru.r.~. ca w h
ht~ ~n~~~t~~Q,
MADE tha 12th dey ~ November
in the year nineteen hundred cad eighty-four
BETWEEN MICHAEL L. STEIGERWALT
Grantor, Party of the First Part=
a n d
SVEN O. JENSEN and k3ARBARA A. FOWLER, joint tenants with right ~f` a
survivorship
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Grantees, Parties -- ~ „ •:~ ~ j
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of the reoond pert, That said poet ~' at rho first part, 6ez and to ogasion of tLe !i
sara ~ Forty Seven Thousand and 00/100 Dollars'. ~ ~~
Dollars, hwful money of the United States of America, well ivid tnily peed by ~ said >?°~ies ~ ~
second part to the said party aiz the first part; at and before thq ~ah'ag and delivery of these
presents, the receipt whereof is hereby aclonawledged, ~ gtented, bargained,
sold, aliened, eafeolfed, released, conveyed and confirmed. end by these r"~'T dQes grant, bargain,
seQ alien, eafeoff, rrlease, convey and confirm unto the said Pies of ~ saQond P~ their
heirs cad assigne. '
~'1' THAT CERTAIN lot or piece of ground situate in the
$orough of New Cumberland, County of Cumberland and.Comt¢onwealth
of Pennsylvania, more particularly ftiounded and described ~s
follows, to wit:
$E(IINNING at an iron pin on the northern side of Carol Street at
the southern corner of land now or late of Dr. Edwards and a
distance of one hundred fit'ty-one and Qne-tenth (151.1) feet
measured along Carol Street from the northwest corner at Carol
and Bridge Streets; thence along Carol Street South 60 degrees
West a distance of eightyy-one and ten hundredths (81.10) t'eet to
an iron pin at Lot No. 34 on the hereinafter mentioned Plan of
Lots; thence. along Lot No. 34 North 30 degrees West a distance
of one hundred ninety-four and fifty hundredths (194.50) feet to
an iron pin; thence North 50 degrees East a distance oP
thirty-five (35) Peet to an iron pin; thence tsy Iand now or .ate
of Dr. Edwards South ~3 degrees 20 minutes 03 seconds East a
distance of one hundred ninety-nine and eighty-pine hundredths
(199.89) Pelt to the place of BEGINNING.
BEING Lot No. 33 on the Haldeman glot as recorded in Cumberland
County Plan Book 2, Page 48. ..
HAVING THEREON erected a 2-1/2 story dwelling house and frame
garage and being numAered 317 Carol Street.
Bflp,~Z~Q PkGE 334
•
19/29/2009 4:11:17 PM CUMBERLAND COUNTY Inst.# 198404803 -Page 1 of 3
•
~i AS SURVEYED by D. P. Raffensperger Associates, Camp Hill, Pa.,
~' August 25, 1980, in Drawing No. 1388-83. ''
BEING the same premises which Robert Horton, Executor of the
Last Will and Testament of Lawrence M. Horton, Sr., deceased,
bg Deed dated September 5, 1980, and recorded ih the Office oY
~ the Recorder of Deeds in and for Cumberland County, in Deed Book ~-~
i C19, Page 41, granted and conveyed unto Michael L. Steigerwalt,
f~rantor herein.
~~ ~~ ~~~~
i i Cun-b. Co., Ps.
~.1~ Rul [st•b Traad•r T•s
- ~ ~~w-~-
I ---------- •~ C.^b. C.. w.~. coi. ~-qF.
'• REQiSTtcttr'D A• T++E
f30RCi1CkQFt~E'NC~~ ntk~~.~du~ I -.~
St:kool Oi~t Cu I b. Co.,• Pi. •
- ~ X Rql Est•h Ti•1rF•r Tu ~ ~I
cr,
~ SFG+2~ .rig ~ Doh ~i~.•~ ~~~ ~3~~
Ad.
--~..
., ..
t :s
•
"' CC?'.;••',J::'!~t!~:'FI CAF FE'vNSY;.V.;!~it. ='
t ' "O tilP.llh;TNzKT Qf Rf.VfIv;F~
'~ tit :t: FER c ' ~ ` 7 n ~ ~)
..~ :~\Y. LsVI~•~ u;t:a =~~ R l 1. ~•. E M_
-/
.7 f•e ~Il.i _~..._ ... ! ..
BooKZ30 FACC 335
9/29/2009 4:11:17 PM CUMBERLAND COUNTY
~; i
e
~~
~ I
Inst.# 198404803 -Page 2 of 3
I
•~~
G
:~
~s ~ TOC>;,TIiER with aD aaQ singular the tenements, heroditameats and appurtenanos bo the same be•
5 II longing. ol< tin anywise appertaining, and the reversion and reversions, remainder and remainders, teats,
x~ ~~ issues and~profits thereof; AND ALSO aII the estate, right, title, interest, Property. claim and demand
r {I whatsocveir, both is law and equity, of the said party of the first part, of, iq to or oat of the said pre•
~; I mises, and every part and parcel thereof.
a
TO HAVE AND TO HOLD the said premises, with alI and singuh~r the appurtenances, unto the said
part ies of the second part, their heirs and assigns, to and fair the only proper use snd
behoof of said part ies of the second part', their heirs and sssigns forever.
AND the said Party of the First Part, his
heirs, executors, and admtaistraton, do es by these present, covery~nt, great and agree to and with
the said part ies of the second part, their belts and assigns, that the said
Party of the First Part, his
heirs. all andsingular the hereditameats and premises herein above described and granted, or meatiaunod
and Intended so to be, with the appurtenances unto the said part ies a~f the seeoad part; their
heirs and assigns, against the said party of the first part and big hens, and againiE all and
every other person'or persons, whomsoever, lawfully claiming or to claim the wane or any part thereof,
shat! and will, by these presents, WARRANT AND FOREVER DEFEND.
1N tiVITNESS WHEREOF, tho said party of the first part has hereunto set hi$
hand and seal ,the day and year first writtar above.
sscxEO, sFarm arm aauvF.nEv
IIJ Tn8 YA~CE OF .. (~'~ .
........................................................................... 'Nlc deY...~. Steigerwa ....................... (arm)
CERTIFICATE OF RESIDENCE
I, hereby certify that the reclsa resideaoe of the grantc~c s herein t as foIIows {
r3~7 ~y~~~sf ~
/ 7 v y 0 •~r • as.. a~ c..w.
County of .......tea u ..~1 ~ .?~ ................ ~` it
On thts, the 12t~ da of !November 19 84. before me i
y ~ Notary PubZi~
the undersigned o~cer, personally appeared MICHAEL L. STEIGEE2WALT
Imowa to me (or satisfactorily proven) to be the person whose name is aubsctY~od to the
within +*++p*+t, and aclmowledged that he executed the same for the purpose therein
contained. ~
..., ~ .
no aribl `
IN WITNESS WHIaREOF, I have hereunto set my hand and ,, ~ - /?~~ x~al;':~ : ~ .
rACE 336 Notary s+tyoP.a tFe ~keta:~ ~cr~ur.a:i n
W c~ ~0 ................. ........ ....NXAtiSi;l;AC.ilI'~itiit;.t34li3~'
MT COili '1~q,'.'+Nif !HtE~' ~.~G.,i7: 19
-tlenber,ll~at:,;.~; ~°.a;:.~,;1rr.r.~
+.-%,~'
•
~9/~9/2009 411'17 PM CUMBERLAND COUNTY Inst.# 198404803 -Page 3 of 3
TaxDB Result Details
Detailed Results for Parcel 26-23-0543-030. in the 2004 Tax Assessment Database
DistrictNo 26
Parcel ID 26-23-0543-030.
MapSuffix
HouseNo 317
Direction
Street CAROL STREET
Ownerl JENSEN, SVEN O
C/O & BARBARA A FOWLER
PropType R
PropDesc
LivArea 1730
CurLandVal 40000
CurImpVal 119870
CurTotVal 159870
CurPrefVal
Acreage .28
CIGrnStat
TaxEx 1
SaleAmt 47000
SaleMo 11
SaleDa 14
SaleCe 19
SaleYr 84
DeedBkPage 00302-00334
YearBlt 1960
HF File Date 11/03/2004
HF_Approval_Status A
EXHIBIT "5"
Page 1 of 1
http://taxdb.ccpa.net/details.asp?id=26-23-0543-030.&dbselect=l 12/21/2009
Pa. Common Leval Ratios for Real Property Assessments
HTML Version Co~yright 2009 Daniel B. Evans. All rights reserved.
Page 1 of 4
Common Level Ratios for Pennsylvania Realty
Transfer Tax
(Current through June 2010)
When preparing and filing a Pennsylvania realty transfer tax affidavit, it is necessary to report both the
assessed value of the property and the "common level ratio factor," which is based on the average ratio
between the assessed value and fair market value of real estate in that county. If the transfer is not
exempt from tax, the tax is based on the greater of (a) the actual consideration for the transfer and (b) the
product of the assessed value and the common level ratio factor.
The common level ratios are calculated by the State Tax Equalization Board based on sales date, and
both the common level ratios and factors based on the common level ratios are published each year in
the Pennsylvania Bulletin. (The common level ratio factors are the mathematical reciprocals of the
common level ratios.l
The table below shows the factors which have been in effect for the last six years. The factor to apply to
a particular transfer is based on the date the document is "accepted," which is rebuttably presumed to be
the date specified in the body of the document as the date of the instrument. (See 61 Pa. Code § 91.102,
relating to acceptance of documents.) When two factors are provided in the table for a range of dates, the
second one is a revised factor reflecting a change in the assessment ratio or assessment base, and is
effective from January 1 of the second year.
Common Level Ratio Factors
7/1/03 7/1/04 7/1/05 7/1/06 7/1/07 7/1/08 7/1/09
to to to to to to to
County 6/30/04 6/30/05 6/30/06 6/30/07 6/30/08 6/30/09 6/30/10
(33 Pa.6. (34 Pa. B. (35 Pa.B. (36 Pa.B. (37 Pa.6. (38 Pa.6. (39 Pa.B.
2560) 3074) 3365) 2875) 2778) 3337) 3245)
Adams 2.65 2.89 3.28 3.98 4.53 4.55 4.51
Allegheny 1.03 1.07 1.10 1.10 I.15 1.16 1.14
Armstrong 236 2.52 2.56 2.70 2.79 2.87 2.76
Beaver 2.87 3.11 3.23 3.31 3.41 3.43 3.36
Bedford 4.48 5.13 5.00 5.47 5.81 6.45 5.59
Berks 1.11 1.16 1.25 1.33 1.47 1.52 1.48
Blair 11.91 12.66 11.91 12.20 12.20 12.05 12.66
Bradford
Bucks 2.20 2.31 2.43
28.57 32.26/8.07 8.93 2.63 2.68
10.10 10.99 2.79 2.77
10.64 10.31
~ ~ ~ ~ ~ ~ ~ ~
http://evans-legal.com/dan/comlevel.html 12/21 /2009
Pa. Common Leval Ratios for Real Property Assessments
Page 2 of 4
Butler 8.93 9.62 9.90 10.20 10.42 10.7[418.06 6 25~6~
Cambria 6.29 6.14/3.07 3.57 3.60 3.22 3.01 3.03
Cameron 2.83 2.68 2.81 3.08 2.96 2.85 2.99
Carbon 2.22 2.32 2.52 2.74 3.12 3.20 3.01
Centre 2.53 2.68 3.04 3.24 3.41 3.62 3.47
Chester 135 1.47 1.65 1.82 1.93
Clarion 4.98 5.26 5.10 5.38 5.65 1.93 1.89
5.164] .87 3 ~~~6~
Clearfield 4.88 5.24 5.13 5.47 5.75 5.68 4.74
Clinton 3.55 3.53 3.73 4.24 4.46 4S [4j .00 I.00~6]
Columbia 2.92 3.05 3.26 3.47 3.55 3J6 3.69
Crawford 2.83 2.95 2.87 3.02 3.04 2.98 2.85
Cumberland 1.05 1.1]/1.00 1.00 1.14 1.22 1.26 1.26
Dauphin 1.07 1.14 1.24 1.33 1.40 1.46 1.42
Delaware 1.15 1.26 138 1.55 1.64 1.72 1.63
Elk 5.00 5.05 5.26/2.18 2.18 2.65 2.49 2.61
Erie 1.00* 1.09 1.13 1.18 1.20 1.21 1.26
Fayette 1.00* 1.03 1.10 1.14 1.17 1.17 1.22
Forest 4.72 4.74 437 4.83 5.21 4.20 5.10
Franklin 6.45 6.90 7.69 9.35 10.20 9.62 8.62
Fulton 1.97 1.98 2.20 2.61 2.99 2.99 3.00
Greene 1.00* 1.13 1.21 1.21 1.16 1.24 1.40
Huntingdon 5.99 6.29 6.80 7.46 7.87 8.62 8.27
Indiana 7.09 730 7.69/435 435 6.17 5.95 5.99
Jefferson 5.08 5.32/1.74 1.74 1.85 1.87 2.05 1.97
Juniata 5.69 5.65 6.41 6.21 6.25 633 6.90
Lackawanna 4.70 5.21 538 5.95 7.09 6.67 6.17
Lancaster 1.16 1.22/1.00 1.00 1.22 131 1.36 135
Lawrence 1.00 1.08 1.10 1.14 1.14 1.12 1.19~~~
Lebanon 11.91 12.20/6.25 6.25 6.80 7.35 7.41 7.46
Lehigh 2.24 2.45 2.73 3.16 3.58 3.70 3.50
Luzerne 13.89 14.71 1539 17.24 20 20.83/1.00 ~1
http://evans-legal.com/dan/comlevel.html 12/21 /2009
Pa. Common Leval Ratios for Real Property Assessments
Page 3 of 4
L~IL~I~I~J~II~J ~5~ 1.00~6~
Lycoming 1.52 1.60/1.00 1.00 1.10 1.16 1.25 1.19
McKean 4.41 4.44/1.06 1.06 1.09 1.11 1.13 1.31
Mercer 3.64 3.50 3.56 3.68 3.66 3.52 3.26
Mifflin 1.96 2.03 2.09 2.18 2.20 2.29 2.15
Monroe 4.95 5.59 6.14 7.09 7.81 7.81 7.41
Montgomery 130 1.46 1.66 1.87 1.97 1.97 1.85
Montour 10.31 11.36/8.82 8.82/1.00 1.00 ].14 1.18 137
Northampton 2.35 2.55 2.75 3.18 3.44 3.61 3.37
Northumberland 7.19 7.46/4.07 4.07 3.64 4.53 4.61 4.43
Perry 1.07 1.10 1.16 1.33 136 1.49 1.49
Philadelphia 339 3.66~~~ 3.37 3.50 3.52 3.55 3.06
Pike 4.10 4.41 4.76 5.47 6.17 6.17 5.85
Potter 2.38 2.37 2.53 2.72 2.80 2.86 2.91
Schuylkill 2.22 232 2.42 2.48 2.62 2.68 2.51
Snyder 5.71 6.10 6.29 6.58 g,3z[21 5.05 5.68
Somerset 2.34 2.47 2.63 2.71 2.91 2.98 2.99
Sullivan 4.10/1.00 1.00 1.19 1.52 ].40 1.55 1.66
Susquehanna 2.21 2.42 2.56 2.84 2.96 2.97 3.06
Tioga 1.06 1.11 1.18 1.25 1.33 1.37 1.41
Union 6.17 6.17 6.85/1.00 1.00 1.13 1.16 134
Venango 1.06 1.09/1.00 I.00 1.05 1.13 1.06~3~ 1.10
Warren 2.70 2.72 2.81 2.93 2.93 2.96 2.89
Washington 6.17 6.49 6.94 7.30 7.52 7.58 7.25
Wayne 10.99 12.20/1.00 1.00 1.23 132 137 1.56
Westmoreland 4.51 4.74 4.88 5.10 5.05 4.90 4.57
Wyoming 3.97 4.22 4.39 4.59 4.95 5.03 4.76
York 1.17 1.24 1.33/1.00 1.00 1.31 1.32 1.27
[1] Revised based on State Tax Equalization Board appeal decision, 35 Pa.B. 1308.
[2] Adjusted by the Department of Revenue to reflect assessment ratio change effective January 1, 2007.
http://evans-legal.com/dan/comlevel.html 12/21 /2009
Pa. Common Leval Ratios for Real Property Assessments Page 4 of 4
[3] Revised by the State Tax Equalization Board, 38 Pa.B. 3563 (6/28/2008).
[4] Adjustments made by the Department of Revenue to reflect an assessment base change or
assessment ratio change, 38 Pa.B. 6667.
[5] Adjustment made by the Department of Revenue to reflect an assessment base change or assessment
ratio change, 39 Pa.B. 1365 (3/14/2009).
[6] Adjusted by the Department of Revenue to reflect an assessment base change or assessment ratio
change effective 1/1/2009, 39 Pa.B. 3245 (6/27/2009).
[7) Adjusted by the Department of Revenue based on a Board's decision effective August 18, 2009,
retroactive to July 1, 2009, 39 Pa.B. 5373 (9/12/2009).
The Pennsylvania Estate and Trust C~rary
Daniel B. Evans, Attorney at Law
P.O. Box 27370
Philadelphia, PA 19118
Telephone: (215) 233-0988
Email: dan~a,,evans-le al.com
http://evans-legal.com/dan/comlevel.html 12/21/2009
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
File No. JENSEN
Case No. 317 CAROL
Uniform Residential Annraisal Revert
The ur se of this summa a raisal re rt is to rovide the lender/client with an accurate, and ade uatel su rted, o inion of the market value of the sub ect roe
Pro a Address 317 CAROL ST. Ci NEW CUMBERLAND State PA. Zi Code 17070
80n'Ower JENSEN SVENO & FOWLER BARBARA A. Owner Of Public R@COrd SAME COUn CUMBERLAND
L al Descri lion AS FOUND IN RECORD BOOK 30Z PAGE 334
Assessor's Parcel # 26-23-543-30 Tax Year 2009 R.E. Taxes $ 2 488.38
Ne hbofiood Name BOROUGH OF NEW CUMBERLAND Ma Reference 26-23-543-30 Census Tract 42-41-107
Occu ant X Owner Tenant Vacant S ecial Assessments $ N/A PUO HOA $ N/A er ear er month
Pro Ri hts A raised X Fee Sim le Leasehold Other describe
Assi nment T Purchase Transaction Refinance Transaction X Other describe FOR VALUE
LenderlClient KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
Is the sub ect roe cunentl offered for sale or has it been offered for sale in the twelve months rior to the effective date of this a raisal? Yes X No
Re rt data sources used, offerin s rice s ,and dates . THE SUBJECT PROPERTY HAS NOT BEEN OFFERED FOR SALE THROUGH THE
CENTRAL PENN MULTI-LIST IN THE PAST YEAR.
I did did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not
rformed. N/A
Contract Price $ N/A Date of Contract N/A Is the ro rt seller the owner of ublic record? Yes No Data Sources N/A
Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? Yes No
If Yes, re rt the total dollar amount and describe the items to be aid. N/A
Note: Race and the racial com osition of the nei hborhood are not a raisal factors.
'.
Location Urban X ;::.
Suburban Rural -, ... T~IAdIt Oee•t!>a~l~rltnia~,::
Pro a Values Increasin X Stable Declinin PRICE AGE 1:~~K71:
One-Unit 65 °k
Built-U X Over 75~° 25.75% Under 25% Demand/Su I Shorta e X In Balance Over Su $ 000 rs 2-4 Unit 5 °'°
Growth Ra id X Stable Slow Marketin Time Under 3 mths X 3-6 mths over 5 mths 100 Low 10 Multi-Famil 5 ~o
Nei hborhood Boundaries I HAVE CONSIDERED THE NEIGHBORHOOD TO CONSIST OF A 4 BLOCK 300 Hi h 80+ Commercial 25 °k
RADIUS AROUND THE SUBJECT PROPERTY. 175 Pred. 50 Other VAC ~°
Nei hborhood Descri lion MOST AMENITIES ARE LOCATED WITHIN A REASONABLE COMMUTING DISTANCE TO THE NEIGHBORHOOD. THE
COMMERCIAL LAND U ES WITHIN THE NEIGHBORHOOD CONSIST OF OFFICES AND SMALL BUSINESSES. IN MY OPINION THESE
COMMERCIAL LAND USES DO NOT ADVERSELY AFFECT ITS PRESENT MARKET VALUE OR FUTURE MARKETABILITY.
Market Conditions includin su rt for the above conclusions THERE ARE NO FORESEEABLE ECONOMIC FACTORS THAT MAY ADVERSELY
AFFECT THE PRESENT MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY.
Dimensions 0.28 ACRES AS PER TAX MAP Area 0.28 ACRES Sha RECTANGULAR View RESIDENTIAL
S ecificZonin Classification R-1 Zonin Descri lion RESIDENTIAL
Zonin Com liance X Le al Le al Nonconfonnin Grandfathered Use No Zonin Ille al describe
Is the hi hest and best use of subect roe as im roved or as ro sed er lans and s ecifications the resent use? X Yes No If No, describe.
Utilities Public Other describe Public Other describe Off•site Im rovements••T a Public Private
Electricit X 200 AMP Water X Street ASPHALT X
• Gas X Sanita Sewer X Alle NONE
FEMA S ecial Flood Hazard Area Yes X No FEMA Flood Zone ZONE C FEMA Ma # 420366 FEMA Ma Date 2/16/77
Are the utilities and/or off-sike im rovements ical for the market area? X Yes No If No, describe.
Are there an adverse site conditions or external factors easements, encroachments, environmental conditions, land uses, etc. ? Yes X No If Yes, describe.
_,. ._...
,,.
,.,._
...
.. - ..
- .. ..,.
.. .... __
a,:~w
~:-. _ .,.
_ . .. ..
Units X One One with Accesso Unit Concrete Slab Crawl S ace Foundation Walls BLK/P CONC/AVG Floors HDWDNIN/GOOD
#of Stories 2 X Full Basement P~tial Basement Exterior Walls VINYUAVG Walls PLAS/DRY/GOOD
T X Det. Att. S-Del./End Unit BasementArea 1 150 . ft. Roof Surface COMP SHING/AVG Trim/Finish WOOD/GOOD
X Existin Pro osed Under Const. Basement Finish 60 % Gutters 8 Downs uts ALUM/AVG Bath Floor TILE/GOOD
Des' n S le 2 STORY X Outside Ent /Exit Sum Pum Window T e DBL HUNG/AVG Bath Wainscot TILE/GOOD
Year Built 1960 Evidence of Infestation Storm Sash/Insulated STORMS/AVG Car Sto e X None
Effective A e Yrs 10-15 Dam Hess Settlement Screens SCREENS/AVG Drivewa # of Cars
Att ic None HeaUn FWA X HWB Radiant Am enities Woodstove s # Drivew Surface
Dro Stair X Stairs Other Fuel GAS Fie laces # Fence Gara e # of Cars
X Floor Scuttle Coolin Central Air Conditionin X Pa6o/Dedc WD X Porch COVERED Ca ort # of Cars
Finished Heated Individual Other Pool Other Att. Det. Built-in
A liances Refri erator X Ran a/Oven X Dishwasher Dis sal X Microwave WasherlD er Other describe
Finished area above rade contains: 7 Rooms 2/3 Bedrooms 1.5 Baths 1 799 S uare Feet of Gross Livin Area Above Grade
~ Additlonal features s ecial env efficient items, etc. COVERED FRONT PORCH, REAR WOOD DECK, 12 X 16 SHED, FINISHED FAMILY ROOM
AND DEN IN BASEMENT.
Describe the condition of the ro includin needed re airs, deterioration, renovations, remodelin etc.. THE SUBJECT PROPERTY APPEARS TO BE
TYPICAL FOR THE NEIGHBORHOOD. THE SUBJECT PROPERTY HAS BEEN MAINTAINED IN GOOD CONDITION.
Are there an h sical deficiencies or adverse conditions that affect the Iivabili ,soundness, or structural int ri of the roe ? Yes X No If Yes, describe
Does the ro ert enerall conform to the nei hborhood functional utlli , s le, condition, use, construction, etc. ? X Yes No If No describe
eaaie nnac roan iu maron [uua
Fannie Mae Form 1004 March 2005
Page 1 of 17
ClickFORMS Appraisal Software B00-622-8727
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
File No. JENSEN
Case No. 317 CAROL
Uniform Residential Annraisal Reenrt
There are 3 com arable ro erties current) offered for sale in the sub act nei hborhood ran in in rice from $ 150 000 to $ 220 000
There are 14 com arable sales in the sub act nei hborhood within the ast twelve months ran in in sale rice from $ 150 000 to $ 220 000
FEATURE SUBJECT COMPARABLE SALE # t COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 317 CAROL ST.
NEW CUMBERLAND 230 WOODLAND AVE.
NEW CUMBERLAND 427 16TH ST.
NEW CUMBERLAND 512 HARDING ST.
NEW CUMBERLAND
Proximi to Subect 1.50 MILES SOUTHEAST 0.35 MILES SOUTHEAST 0.10 MILES SOUTH
Sale Price $ N/A ..° $ 195 000 $ 190 000 ~ - $ 179 900
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 111.62 s . ft. $ 126.67 s . ft. ~ $ 110.23 s . ft.
Data Sources CENTRAL PENN MLS CENTRAL PENN MLS CENTRAL PENN MLS
Verification Sources CUMBERLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +- $Ad'ustment DESCRIPTION +- $Ad'ustment DESCRIPTION - $Ad'ustmen
Sale or Financin CONVENTIONAL FHA CONVENTIONAL
Concessions NONE KNOWN CLOSING COSTS -11 40 NONE KNOWN
Date of Sale/Time 10/2009-15DOM 3/2009-3DOM 6/2009-65DOM
Location SUBURBAN SUBURBAN SUBURBAN SUBURBAN
Leasehold/Fee Sim le FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE
Site 0.28 ACRES 0.25 ACRES 0.11 ACRES +2 00 0.15 ACRES +1 00
View RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL
Desi n St le 2 STORY 2 STORY 2 STORY 2 STORY
Ouali of Construction AVG/FRAME AVG/FR/BRK -2,00 AVG/FR/BRK -2 00 AVG/FR/STN -2 00
Actual A e 49 YEARS 59 YEARS 33 YEARS 49 YEARS
Condition GOOD GOOD GOOD GOOD
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total 8drms Baths
Room Count 7 2/3 1.5 8 3 2.00 -1 00 5 3 1.50 6 3 2.50 -2 00
Gross Livin Area 1 799 s . ft. 1 747 s . ft. +1,04 1,500 s . ft. +5,98 1 632 s . ft. +3 34
Basement 8 Finished
Rooms Below Grade FULL BSMT
FAM RM DEN FULL BSMT
FAM RM
+1 00 FULL BSMT
FAM RM
+1 00 FULL BSMT
FAM RM
+1 00
Functional Utili AVERAGE AVERAGE AVERAGE AVERAGE
Heatin /Coolin HWBB/NONE FWA/CA -3 00 FWA/CA -3 00 HWBB/CA -3 00
Ene Efficient Items NONE NONE NONE NONE
Gara a/Ca ort O OFF STREE 2 CAR DET -5 50 NONE 1 CAR DET -3 50
~ Porch/Patio/Deck COV POR DECK COV POR PAT COV POR PAT COV ENC POR -2 00
SHED 2 FIREPLACES -4 00 FIREPLACE -2 00 FIREPLACE -2 00
APPLIANCES APPLIANCES APPLIANCES APPLIANCES
• NetAd'ustment Total X - $ -13 460 X - $ -9 420 X - $ -9 160
Adjusted Sale Price
of Com arables
` Net Adj: -7°~
Gross Ad' : 9°h
$ 181 540 Net Adj: -5% ~
Gross Ad': 14% $ 180 580 Net Adj: -5°~6
Gross Ad': 11 % ' $ 170 740
I X did did not research the sale or transf er histo of the sub act ro rt and com arable sales. If not, ex lain
M research did X did not reveal an rior sales or transfers of the sub act ro rt for the three ears rior to the effective date of this a raisal.
Data sources COUNTY COURTHOUSE
M researoh did X did not reveal an rior sales or transfers of the com arable sales for the ear rior to the date of sale of the com arable sale.
Data sources COUNTY COURTHOUSE
Re ort the results of the research and anal sis of the rior sale or Vansfer histo of the sub act ro e and com arable sales re ort additional rior sales on a e 3 .
ITEM SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Date of Prior Sale/Transfer NONE PAST 3 NONE PAST YEAR NONE PAST YEAR NONE PAST YEAR
Price of Prior Sale/Transfer YEARS
Data Sources CUMBERLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY
Effective Date of Data Sources NOV. 2009 NOV. 2009 NOV. 2009 NOV. 2009
Anal sis of nor sale or transfer histo of the sub act roe and com rable sales NONE KNOWN
Summary of Sales Comparison Approach I HAVE CONSIDERED ALL OF THE COMPARABLES IN ESTIMATING THE MOST PROBABLE SALES
PRICE OF THE SUBJECT PROPERTY. SEE NOTES ATTACHED. THIS APPRAISAL REPORT IS FOR THE INTENDED USER ONLY AND I
NOT INTENDED FOR ANY OTHER USERS.
Indicated Value b Sales Cam arison A roach $ 175 000
Indicated Value b :Sales Com arison roach S 175 000 Cost A roach if develo ed = N/A Income roach if develo i N/A
INSUFFICIENT RENTAL DATA WAS AVAILABLE TO ACCURATELY DEVELOP THE INCOME APPROACH TO VALUE.
~ This appraisal is made X "as is," subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been
completed, Q subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ~ subject to the
followin re wired ins lion based on the extraordina assum lion that the condition or deficienc does not re wire alteration or re air. NONE
Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting
conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is
f 175,000 as of OCT. 23 2009 which is the date of ins action and the effective date of this a raisal.
rreooie nnac corm iu nnaron ZUUb Fannie Mae Form 1004 Maroh 2005
ClickFORMS Appraisal Software 800-622-8727 Page 2 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
Fite No. JENSEN
Uniform Residential Annraisal Report Case No 317 CAROL
SUMMARY APPRAISAL REPORT
SALES COMPARISON ANALYSIS - IN SEARCHING FOR COMPARABLES, I HAVE UTILIZED THE CENTRAL-PENN MULTI LIST
COMPARABLE SALES INFORMATION FOR THE PERIOD FROM ONE YEAR TO PRESENT. I HAVE LOCATED COMPARABLES OF THE
MOST SIMILAR IN AGE STYLE LOCATION AND CONDITION THAT WERE THE BEST AVAILABLE AT THIS TIME.
ADJUSTMENTS -SITE ADJUSTMENTS WERE MADE TO COMPARABLES 2, 3 AND 4 AS THEY HAD SMALLER SITES THAN DID THE
SUBJECT PROPERTY. THESE ADJUSTMENTS WERE MINIMAL AS LARGER SITES REQUIRE MORE MAINTENANCE AND HIGHER REAL
ESTATE TAXES. QUALITY OF CONSTRUCTION ADJUSTMENTS WERE MADE TO ALL COMPARABLES AS THEY UTILIZED
MASONRY WORK IN THEIR EXTERIOR FINISHES. ADJUSTMENTS WERE MADE FOR THE DIFFERENCES IN GROSS LIVING AREA,
ADDITIONAL ADJUSTMENTS WERE MADE FOR THE DIFFERENCES IN THE NUMBER OF BATHROOMS, WHICH INCREASES THEIR
UTILITY. ADJUSTMENTS WERE MADE FOR THE SIZE AND AMOUNT OF FINISHED BELOW GRADE LIVING AREA, THIS ADJUSTMENT
WAS MINIMAL AS BELOW GRADE LIVING SPACE IS A MATTER OF PERSONAL PREFERENCE. ADJUSTMENTS WERE MADE FOR THE
FACT THAT THE SUBJECT PROPERTY DOES NOT HAVE OFF STREET PARKING. I BELIEVE THE BALANCE OF THE ADJUSTMENTS
TO BE SELF-EXPLANATORY.
SPECIAL NOTES
THIS APPRAISAL WAS PREPARED WITHOUT THE BENEFIT OF A LEGAL DESCRIPTION. THE SIZE HAS BEEN DETERMINED AS PER
THE COUNTY TAX MAP.
v
w
r
Provide ode uate information for the lenderlclient to re ticate our cost fi ures and calculations.
Su rt for the o inion of site value summa of com arable land sales or other methods for estimatin site value
ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE _$
~ Source of cost data Dwellin 1 799 S . Ft. $ _$
• Quali ratin from cost service Effective date of cost data S . Ft. $ _$
Comments on Cost A roach ross livin area calculations, de reciation, etc.
THE COST APPROACH DOES NOT PROVIDE AN Gara elCa ort S . Ft. $ _$
• ACCURATE VALUE OF THE SUBJECT. Total Estimate of Cost-new =$
Less Ph sical Functional External
De reciation =$
De reciated Cost of Im rovements =$
"As-is" Value of Site Im rovements =$
Estimated Remainin Economic Life (HUD and VA onl 45 Years
~ .w ..
... _ .. Indicated Value B Cost A roach =$ N/A
~.. _.,... .v
.. _ _ ...,
Estimated Monthl Market Rent $ N/A X Gross Multi tier N/A =$ N/A Indicated Value b Income A roach
Summa of Income A roach includin su ort for market rent and GRM INSUFFICIENT RENTAL DATA WAS AVAILABLE TO ACCURATELY
DEVELOP THE IN OME APPROACH TO VALUE.
t:.'
Is the develo eNbuilder in control of the Homeowner's Association HOA ? Yes X No Unit e s Detached X Attached
Provide the followin information for PUDs ONLY if the develo Nbuilder is in control of the HOA and the sub ect roe is an attached dwellin unit.
L al Name of Pro'ect
~ Total number of hoses Total number of units Total number of units sold
Total number of units rented Total number of units for sale Data source s
Was the ro ect created b the conversion of existin buildin s into a PUD? Yes No If Yes, date of conversion.
Does the ro ect contain an multi-dwellin units? Yes No Data source.
Are the units, common elements, and recreation facilities com lete? Yes No If No, describe the status of com letion.
• Are the common elements leased to orb the Homeowner's Association? Yes No If Yes, describe the rental terms and o lions.
Describe common elements and recreational facilities.
rreaaie Mac corm iu Moron zUUS Fannie Mae Form 1004 March 2005
ClickFORMS Appraisal Software 800-622-8727 Page 3 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
EXTRA COMPARABLES 4-5-6
File No. JENSEN
Case No. 317 CAROL
Borrower JENSE_ N, SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST
City NEW CUMBERLAND County CUMBERLAND State PA Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE, PA. 17023
FEATURE SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6
Address 317 CAROL ST.
NEW CUMBERLAND 1714 BRIDGE ST.
NEW CUMBERLAND 1729 ANNA ST.
NEW CUMBERLAND
Proximi to Subect 0.10 MILES SOUTHEAST 0.20 MILES SOUTHEAST
Sale Pnce $ N/A $ 173,000 $ 164,500 ~ $
Sale Price/Gross Liv. Area $ 0.00 s . ft. $ 114.42 s . ft. $ 135.17 s . ft. $ s . ft. ,
Data Sources CENTRAL PENN MLS CENTRAL PENN MLS
Verification Sources __ CUMBERLAND COUNTY CUMBERLAND COUNTY
VALUEADJUSTMENTS DESCRIPTION DESCRIPTION - $Ad'ustment DESCRIPTION +- $Ad'ustment DESCRIPTION +- $Ad'ustment
Sale or Financin CASH CONVENTIONAL
Concessions I - NONE KNOWN CLOSING COSTS -4 00
Date of Sale/Time 1212008-38DOM 8/2009-12 DOM
Location SUBURBAN SUBURBAN SUBURBAN
LeaseholdlFee Sim le FEE SIMPLE FEE SIMPLE FEE SIMPLE
Site 0.28 ACRES 0.17 ACRES +1 00 0.20 ACRES
View RESIDENTIAL RESIDENTIAL RESIDENT-AL
Desi n St le 2 STORY 2 STORY 2 STORY
Quasi of Construction AVG/FRAME AVG/BRICK -4 00 AVG/FR/BRK -2 00
Actual A e 49 YEARS 74 YEARS 71 YEARS
Condition GOOD GOOD GOOD
Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Room Count 7 2/3 1.5 6 3 1.50 5 2 1.50
Gross Livin Area 1 799 s . ft. 1 512 s . ft. +5,74 1 217 s . ft. +11 64 s . ft.
Basement ~ Finished
Rooms Below Grade FULL BSMT
FAM RM DEN FULL BSMT
UNFINISHED
+3 00 FULL BSMT
UNFINISHED
+3 00
Functional Utili AVERAGE AVERAGE AVERAGE
Heatin /Coolin HWBB/NONE HWBB/NONE HWBB/NONE
Erie Efficient Items NONE NONE NONE
Gara a/Ca ort O OFF STREE OFF STREET -1,50 1 CAR ATT -3 50
Porch/Patio/Deck COV POR DECK COV POR PAT COV POR PAT
SHED FIREPLACE -2 00 FIREPLACE -2,00
•
APPLIANCES APPLIANCES APPLIANCES
Net Ad'ustment Total X $ 2 240 X + - $ 3 140 - $ 0
Adjusted Sale Price
of Com ambles Net Adj: 1 °k
Gross Ad' : 10%
$ 175 240 Net Adj: 2°k
Gross Ad': 16% ! $ 167 640 Net Adj: 0%
Gross Ad': 0% ' $ 0
Re ort the results of the research and anal sis of the nor sale or transfer histo of the sub'ect ro and com arable sales
ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6
Date of Prior SalelTransfer NONE PAST 3 NONE PAST YEAR NONE PAST YEAR
Price of Prior Sale/Transfer YEARS
Data Sources CUMBERLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY
Effective Date of Data Sources NOV. 2009 NOV. 2009 NOV. 2009
Anal sis of nor sale or transfer histo of the sub ect roe and com arable sales
Summa of Sales Com arison A roach
ClickFORMS Appraisal Software 800-622-8727 Page 4 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
File No. JENSEN
Uniform Residential Appraisal Report Case No. 317 CAROL
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;
including a unit in a planned unit deve-opment (PUD). This report form is not designed to report an appraisal of a
manufactured home or a unit in a condominium or cooperative project.
This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value,
statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended
use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may
expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal
assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do
not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's
continuing education or membership in an appraisal organization, are permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition of market value, statement of
assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual
inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the
comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,
and (5) report his or her analysis, opinions, and conclusions in this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the
subject of this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open
market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming
the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and
the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both
parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a
reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms
of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold
unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale.
'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are
necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are
readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing
adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional
lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is
subject to the following assumptions and limiting conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title
to it, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.
The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination
of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency
(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an
identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or
she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such
conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.
Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as
an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will
be performed in a professional manner.
Freddie Mac Form 70 March 2005 Fannie Mae Form 1004 March 2005
ClickFORMS Appraisal Software 800-622-8727 Page 5 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No. JENSEN
Uniform Residential Appraisal Report Case No. 317 CAROL
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition
of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the
livability, soundness, or structural integrity of the property.
3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
place at the time this appraisal report was prepared.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales
comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach
for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop
them, unless otherwise indicated in this report.
5 I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject
property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6 I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that
has been built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11 I have knowledge and experience in appraising this type of property in this market area
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I
have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the
subject property or that I became aware of during the research involved in performing this appraisal. I have considered these
adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and
marketability of the subject property.
15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct.
16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which
are subject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or
prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or
completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital
status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the
present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned
on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific
value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a
specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application).
19 I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the
preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report.
I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item
in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that
ordered and will receive this a raisal re ort.
rreooie Mac corm iu Marcn ZUU5 Fannie Mae Form 1004 March 2005
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SCOTT ARCHIBALD REAL ESTATE APPRAISALS
Uniform Residential
isal Resort
File No. JENSEN
Case No. 317 CAROL
21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public
relations, news, sales, or other media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain
laws and regulations. Further. I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves any one or more of these parties.
24 If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The supervisory Appraiser certifies and agrees that:
1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions
statements, conclusions, and the appraiser's certification.
3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER
Signature
Name P. SCOTT ARCHIBALD
Company Name SCOTT ARCHIBALD REAL ESTATE APPRAISALS
Company Address 4454 DUNMORE DR.
HARRISBURG, PA 17112
Telephone Number 717-541-5005
Email Address scottarchibaldCa~verizon.net
Date of Signature and Report NOV. 4, 2009
Effective Date of Appraisal OCT. 23, 2009
State Certification # PARL-000060-L
or State License #
or Other (describe) State #
State PA.
Expiration Date of C ertification or License 06/30/11
ADDRESS OF PROPERTY APPRAISED
317 CAROL ST.
NEW CUMBERLAND. PA. 17070
APPRAISED VALUE OF SUBJECT PROPERTY $ 175,000
LENDER/CLIENT
Name
Company Name KEYSTONE GUARDIANSHIP SERVICES
Company Address P. O. BOX 804
ELIZABETHVILLE, PA. 17023
Email Address
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature
Name
Company Name _
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
Did not inspect subject property
Did inspect exterior of subject property from street
Date of Inspection
Did inspect interior and exterior of subject property
Date of Inspection
COMPARABLE SALES
Did not inspect exterior of comparable sales from street
Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 70 March 2005 Fannie Mae Form t004 March 2005
ClickFORMS Appraisal Software 800-622-8727 Page 7 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
Market Conditions Addendum to the Appraisal Report Case No. 31 ECAROI
The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject
nei hborhood. This is a re wired addendum for all a sisal re orts with an effective date on or after A ril 1 2009.
Pro a Address 317 CAROL ST. Ci NEW CUMBERLAND State PA. ZIP Code 17070
Borrower JENSEN SVENO & FOWLER BARBARA A.
Instructions: The appraiser must use the information required on this form as the basis for his/her conclusions and must provide support for those conclusions, regarding
housing Vends and overall market conditions as reported in the Neighborhood section of the appraisal report form, The appraiser must fill in all the information to the extent
it is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide an
explanation. It is recognized that not all data sources will be able to provide data for the shaded areas below; if it is available, however, the appraiser must include that data
in the analysis. If data sources provide all the required information as an average instead of the median, the appraiser should report the available figure and identify it as an
average. Sales and listings must be properties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of the
subject ro rt The a raiser must ex lain an anomalies in the data such as seasonal markets new construction, foreclosures etc.
AA Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overall Trend
Total # of Com arable Sales Settled 12 9 13 Increasin X Stable Declinin
Abso tion Rate Total SaleslMonths 2.0 3.0 4.3 Increasin X Stable Declinin
Total # of Com arable Active Listin s 2Z 'f3- 13 Dedf ' X Stable I
Months of Housin S 1 otal Listin slAb. Rate 11.f)GI : 4.33 3.02 Dadini -X " Staible ~_1 ;
'M~iltSrN$i 0011 SiN~.f~t!K Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overal l Trend
Median Com arable Sales Price 171 500 179 900 162,000 Increasin X Stable Declinin
Median Com arable Sales Da s on Market 68 8 14 Declinin X Stable Increasin
• • Median Com arable List Price t72 44U 1S9 O~Q : ' - 179, 900 { ~ Statife
Median Com arable Listin Da s on Market 57 15 71 t7ecNni X Stable
Median Sale Price as % of List Pnce 94% 95% 97% Increasin X Stable Declinin
Seller- develo er. builder etc aid financial assistance revalent? Yes X No Declinin X Stable Increasin
Explain in detail seller concessions trends for the past 12 months (e.g. seller contributions increased from 3% to 5°10, increasing use of buydowns, closing costs
- condo fees, o tions, etc.
• HOMES THAT SOLD WITH SELLER CLOSING COSTS AND PERCENT OF CONCESSIONS =CURRENT - 3 MONTHS PAID 2.9% 4 - 6
MONTHS PAID 1.9% 6 - 12 MONTHS 3.5%
Are foreclosure sales REO sales a factor in the market? Yes No If es ex lain includin the trends in listin sand sales of foreclosed ro erties .
INFORAMTION IS NOT AVAILABLE IN THE NORMAL COURSE OF BUSINESS.
Cite data sources for above information.
ENTRAL PENN MULTI LIST =SEARCH PARAMETERS =DETACHED SINGLE FAMILY HOMES IN THE BOROUGH OF NEW
UMBERLAND IN THE PRICE RANGE OF $150 000 - $220 000.
Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such as
an anal sis of endin sales, andlor ex fired and withdrawn listin s, to formulate our conclusions, rovide both an ex lanation and su ort for our conclusions.
I HAVE CONSIDERED THE OVERALL MARKET CONDITIONS TO BE STABLE CONSIDERING SEASONABLE MARKET TIMES FOR
HE PAST YEAR.
If the sub ect is a unit in a condominium or coo native ro ect com lete the followin : Pro ect Name:
Sub ect Pro'ect Data Prior 7-12 Months Prior 46 Months Current - 3 Months Overall Trend
Total # of Com arable Sales Settled Increasin Stable Declinin
Abso tion Rate otal Sales/Months Increasin Stable Declinin
Total # of Active Com arable Listin s ...: -
.,;~; •-
Months of Unit Su I otat Listin s/Ab. Rate ~ ~
Are foreclosures sales (REO sales) a factor in the project? Yes No If yes, indicate the numt~er of REO listings and explain the trends in listings and sales
of foreclosed ro erties.
Summahze the above trends and address the im act on the sub ect unit and ro'ect.
• Signature Signature
A raiser Name P. SCOTT ARCHIBALD Su ervisor Name
Com an Name SCOTT ARCHIBALD REAL ESTATE APPRAISALS Com an Name
• Com n Address 4454 DUNMORE DR. HARRISBURG PA 17112 Com an Address
State license/Certification # RL-000060-L State PA. State License/Certification # State
Email Address scottarchibald verizon.net Email Address
euuir maa roan i i marcn iuuy c;nCKrUKMS Appraisal Software 800-622-8727 Fannie Mae Form 1004MC March 2009
Page 8 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
SKETCH ADDENDUM File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
24.5'
BATH BEDROOM
~ 26.5' 26.5'
BEDROOM BEDROOM ~
(COMBINED INTO 1 BEDROOM)
24.5'
23.5'
i
6.5' 6.5'
0. 0
24.0'
KITCHEN 1 _p~
i
1/2 BATH DINING ROOM FAMILY ROOM 14.5'
26.5'
I
24.0'
LIVING ROOM ~~
11.0'
24.5' I
SKETCH CALCULATIONS Arse
I A,
_
A1:23.Sx6.5=
152.8
~ i
A3 A2 : 24.5 x 1.0 = 24.5
~ A3 : 48.5 x 14.5 =
I
703.3
I A4 : 24.5 x 11.0 = 269.5 I
i
A4
First Floor
1150.1 i
A5 : 24.5 x 26.5 = 649.3
I
I
~ AS I
I
I i ;Second Floor
649.3
~ ToW Living Mal 1799.4
ClickFORMS Appraisal Software 800-622-8727 Page 9 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
LOCATION MAP ADDENDUM File No. JENSEN
Case No 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST
City NEW CUMBERLAND County CUMBERLAND State PA Zip Code 17070
Lender!Client KEYSTONE GUARDIANSHIP SERVICES Address P. O BOX 804 ELIZABETHVILLE, PA. 17023
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ClickFORMS Appraisal Software 800-622-8727 Page 10 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
SUBJECT PHOTO ADDENDUM File No. JENSEN
Case No. 317 CAROL
Borrower _ __ _ JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
FRONT OF
SUBJECT PROPERTY
317 CAROL ST.
NEW CUMBERLAND, PA. 17070
REAR OF
SUBJECT PROPERTY
STREET SCENE
Page 11 of 17
ClickFORMS Appraisal Software 800-622-8727
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
SUBJECT PHOTO ADDENDUM File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
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Page 12 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
COMPARABLES 1-2-3 File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN, SVENO & FOWLER, BARBARA A.
Property Address 317 CAROL ST.
City NEW GUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
COMPARABLE SALE # 1
230 WOODLAND AVE.
NEW CUMBERLAND
COMPARABLE SALE # 2
427 16TH ST.
NEW CUMBERLAND
COMPARABLE SALE # 3
512 HARDING ST.
NEW CUMBERLAND
ClickFORMS Appraisal Software 800-622-8727 Page 13 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
COMPARABLES 4-5-6 File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE, PA. 17023
,~ , .
ClickFORMS Appraisal Software 800-622-872
COMPARABLE SALE # 4
1714 BRIDGE ST.
NEW CUMBERLAND
COMPARABLE SALE # 5
1729 ANNA ST.
NEW CUMBERLAND
COMPARABLE SALE # 6
Page 14 of 17
SCOTT ARCHIBALD REAL ESTATE APPRAISALS
USPAP COMPLIANCE ADDENDUM File No. JENSEN
APPRAISER'S CERTIFICATION:
The following Certification statements are in addition to and may supersede the signed Appraiser's Certification attached to this appraisal report.
This Appraiser's Certification is compliant with the current edition of the Uniform Standards of Professional Appraisal Practice.
I certify that, to the best of my knowledge and belief-
The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal,
impartial, and unbiased professional analyses, opinions, and conclusions.
I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved
I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
My engagement in this assignment was not contingent upon developing or reporting predetermined results.
My compensation for completing this assignement is not contingent upon the development or reporting of a predetermined value or direction in
value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent
event directly related to the intended use of this appraisal.
My analyses, opinions, and conclusions were developed, and this report has been prepared. in conformity with the Uniform Standards of
Professional Appraisal Practice.
I OX have have not made a personal inspection of the property that is the subject of this report. (If more than one person signs this certification,
the certification must clearly specify which individuals did and which individuals did not make a personal inspection of the appraised property.)
No one provided significant real property appraisal assistance to the person signing this certification. (If there are exceptions, the name of each
individual providing significant real property appraisal assistance must be stated.)
PURPOSE, INTENDED USE, AND INTENDED USER OF THE APPRAISAL:
The purpose of the appraisal is to estimate the market value of the subject property, as defined in this report, as of the effective date of this report.
The intended use of the appraisal is to assist the Gient and any other intended users in the underwriting, approval, and funding of the mortgage loan.
The intended users of this report are the stated client and any other institutions involved in the underwriting ,approval, and funding of the mortgage
loan. No one else, including the purchaser and seller, should rely on the estimate of value or any other conclusions contained in this appraisal report.
ANALYSIS AND REPORT FORM:
The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property
and neighborhood, and selection of comparable sales, listings, and/or rentals within the subject market area.
The original source of the comparable data described in the Data Source section of the market grid along with the source of confirmation provided,
where available, the original source is presented first. The sources and data are considered reliable. When conflicting information was provided, the
source deemed most reliable has been used. Data believed to be unreliable was not included in the report or used as a basis for the value
conclusion. The extent of the analysis to this assignment is stated in the Appraiser's Certification included above and attached to this report.
DEFINITION OF INSPECTION:
The term "Inspection", as used in this report, is not the same level of inspection that is required fora "Professional Home Inspection". The appraiser
does not fully inspect the electrical system, plumbing systems, mechanical systems, foundation system, floor structure, or subfloor. The appraiser is
not an expert in construction materials and the purpose of the appraisal is to make an economic evaluation of the subject property. If the client
needs a more detailed inspection of the property, a home inspection, by a Professional Home Inspector, is suggested.
DIGITAL SIGNATURES:
The signature(s) affixed to this report, and certification, were applied by the original appraiser(s) or supervisory appraiser and represent their
acknowledgements of the facts, opinions and conclusions found in the report. Each appraiser(s) applied his or her signature electronically using a
password encrypted method. Hence these signatures have more safeguards and carry the same validity as the individual's hand applied signature.
If the report has ahand-applied signature, this comment does not apply.
OPINION OF MARKET VALUE VS ESTIMATE OF MARKET VALUE:
The current Uniform Standards of Professional Appraisal Practice defines the market value conclusion as an opinion of market value and not an
estimate of market value.
THREE YEAR SALES HISTORY FOR THE SUBJECT PROPERTY:
The appraiser has complied with Standards Rule 1-Sb and 2-2b (ix) requiring the appraiser to analyze and report all sales of the subject property
that occurred within the three (3) years prior to the effective date of the appraisal. If this information was available to the appraiser(s), it is reported
in the subject column of Sales Comparison Analysis section of the appraisal report.
EXPOSURE PERIOD:
By studying the sales of similar comparable residential properties with value ranges as identified in the Neighborhood section of this report and
discussions with individuals knowledgeable of current neighborhood trends in the subject area, the appraiser feels that the exposure time for the
subject property is equal to the indicated Marketing Time identified in the Neighborhood section of this appraisal report.
Signature ~~ Si nature Did Did Not
g ^ ^
Name P. SCOTT ARCHIBALD Name Inspect Property
Date Report Signed NOV. 4, 2009 Date Report Signed
State Certification # PARL-000060-L State PA. State Certification # State
Or State License # State Or State License # State
GhcKFURMS Appraisal Software 800-622-8727 Page 15 of 17
P. SCOTT ARCHIBALD APPRAISAL LICENSE File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
Lender/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
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ClickFORMS Appraisal Software 800-622-8727 Page 16 of 17
ERRORS AND OMMISION INSURANCE File No. JENSEN
Case No. 317 CAROL
Borrower JENSEN SVENO & FOWLER BARBARA A.
Property Address 317 CAROL ST.
City NEW CUMBERLAND County CUMBERLAND State PA. Zip Code 17070
LenderlClient KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023
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ClickFORMS Appraisal Software 800-622-8727 Page 17 of 17
THE MATTER OF THE APPOINTMENT
OF A GUARDIAN FOR
SVEN O. JENSEN, AN ALLEGED
INCAPACITATED INDIVIDUAL
IN THE COURT OF CO1~Il~lON PLEAS
DAUPHIN COUNTY, PENNSYLVANIA
ORPHANS COURT DIVISION
NO. 21-09-0807
CONSENT
As the Agent for Barbara Fowler, under her Power of
Attorney Dated July 28, 2008, I consent to sell 317 Carol
Street, New Cumberland, Cumberland County, Pennsylvania (Parcel
No. 26-23-0543-030) owned jointly by Sven 0. Jensen and his
wife, Barbara Fowler, at a public auction with Elmer Murry
Auctions, 14 North Walnut Street, Mechanicsburg, PA 17055 "As
Is" for no less than One Hundred Seventy Nine Thousand
($179,000.00} Dollars to ensure liquidity to pay for the
continuing care of Sven O. Jensen and Barbara 0. Fowler.
Witness:
/'
. ~ ~~ ~ ~ ~
S i gn ~~'~ , ~ / i ~~~ Sign : r' ,/~-~-~ ~ ~l~l~ ~.~.. ~'.~~-~C ~~ ~-~ ...~-_..
Print Name Print Name
Date ~~,~. J ~ 2~ ( U Date /^ ~ ~G[rr ~ :~ Ci l L-'
Z
EXH 1 B IT "7"
02/12/2010 13:57 7177902240 RICHARD P MURRY AUCT PAGE 01/02
E~xner ~Vlurry Auctions, Inc. ~,~S,Q~.„,~
Elmer M. Mut~xy rl~re#i~ervee~r• P
~~ ~~~ ~ ~tlichard P.1V;[urry Auctioneer
Lititz, PA. Lititz, ~'~ 17543 C ~'~`'~'`
amticsburg, P,A.
.~, ~~~~ ~~~~ _ ~..__ ~, ~ ~.,., ~» REAT. ~S'~'ATE 717-790-2240 P Fax
~10N-ABSOLUTE - SUBTECT,A,pPRO`tAZ- (~'' ,~j,jJC'~'j~~ www.nc ul~xyauctioneex cozxl
.ABSOLL-TE - NO RESERVE [] C()?~l'TRACT email: nchmur/ry~@epix.~aet
:. I (we), the uttdessigned, heresio,^iter called Sailer, hereby represent that I ern, ;we are) the owner(s) is let of the premises situated az or knou~o as: 3 ~' 7 ~~ 4 ~-
~Z'- ~UflCU n( ~MO ~'~ ~fr•/~ f, ~uirr,~t ~a ~'jtc~ x~ £' i«.t.~ C E S
_~1~- ~bE~ (s. k
~F,SCRIPTION QF kJ(tOPERTY
~~~~ ~~~ ~- ~~ /~.. y/ t-1Ar~o I c aye R,a%yr~ ,
STYL.b (~ A]R COND. ZONWG w. St)FTtVF.R
CONSTRUCTION HLT tN, RANGE WATER GA5
LOT 57ZE DLSHWASHER ~ ASSESSMENT AttAPES
AGE & COND. DISPOSAL SPRING TAX BLINDS
ROOF T.V. ANT. SCHOOL TAX TYPt? W. }IEAhg
EASEMENT CABLE T.~ PUB. 5CIi00L PARO.SCll00L
STM. WIND. SHOWING I'~KMS: ~ ?-~M~+ ,~~r¢vCTturr C~
POSSESSION STM. DOORS
5Q, F7' ' DP.C>~
HEAT T~ PATIO ROOMS
HEAT COST PORCH
TRANS. TAX PUt3. SEWER
DEED REF. SbPTlC TANK
TAX'.tifAP q
DR
(N FLA
FIRE WS• ,
,
.
CESSPOOL
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2. Seller hereby employs ~r~~ ~-Qhereinall:er called Auctio~m~ompatory), to sell property at Public Auctioo
on the _~~ day of ~ at o'clock ~s~t'~Lh-jot to approval of Seller.
3. Seller egrets that in the event that the property is offetcd sub-divided into parcels Seller authorizcs Auction Company to obtain surveys for this purpose and charge the
cost thereof to Seller Jr-~~j 5 ~ ~ ~}
4. Seller agr+ct:s to pay Auction Comparry a commission of V % of the total sale price of the property or~perdes during the life of this agreement.
Such, coantnission shall be considered canoed when a property exectaoed agreement of sale has bern delivered. ^/o Buyer Premium. ~R~~/rliR
5. Seller authorizes Auction Com
patty to advertise the sale and agrees w pay up to $ ~ ~~ p,~,~6ldQL fo>At6e c~ost~a~ t'tise~~ inE. ~ ~ %~~
G. 3eAar agrees to pay ~aiil ~urrurraissivu W Auctiun Cuuapaay if there is al leant une firm bid in excess of $ notwithstanding an election by the seller not to
sell t)ae property.
~ Seller aprecs that itt the event o£ a no sale decisiots or if the property is withdrawn from sale Auction Company shall be paid S ,l~Rp °a1 T't'f ~
(plus the cost o£ advertising and any other expanses inctarred by Auction Company on Seller's behalf).
p ~esaa a c P~+P,~nj
8. Seller gees if Seller enters into an agrecrltept to sell ox sells said pxopeny or properties prior to the date lfixed fox sale, or within sixty days thereafter, Seller shall pay
Auction Company the commission specified in paragraph 4 above plus nay costs that may be due 5om items 3 arnUor 5 above, Less anything paid to Auction Company
as liquidated damsgos: said commission ~hall~b(e raid whether or not the sale is negotiated by Auction Compete.
9. Auction Company agrees to obtain a /~,,,, ;deposit at £he time of sate by cash, check or other good and stafficieat collateral, at the discretion of Auction
Company which shall beheld in esczowbehalf of all patties unril flnal settlement or temtiutatioa of this a~nsaaian.
10. 5ettletne»t shalt be tgade within ~.. ~ days o£ the sate.
11. Seller agrxs to provide good and marketable title, fine and clear of all liens and encumbrances (subject to al) building rrstrictions ordinances, easements, privileges or
rights of flat public service eomp^nies and agree~mcnts or like r<tattcts of record) and such es vhill be ins~ucd at rcgtil^r talcs by a tesponaiblc tide iAisutancc company.
iz. Auction Compatry agrees to use its best effort to secure a buyer of the property or properties and to eondnct the sale on Seller's behalf.
13. Seller warreuts the truth of all statements contained herein and that Seller has the right to convey title to said property. ltt connectiaaa with this wamnty and with the
sale in general, Seller agttses to indanmify and save harmless Auction Cornpany for aV expenses incurred (including reasonable attorney's fees) in defending any claim
yr litigation involving the real property described above and based upon any representation about the property ax description of the property supplied Auction Co~aapany
aY Sella:
14. This writrert agrtstalent cvastitutee the entire coaatact between the patties. There are ao repxesentatione or understandings other that the terms set forth ltetein.
The terms of this agreement tray not be atrlended except by writing signed by born parties.
15. This agreement shall be binding upon the patties hereto and theft respective heirs, executors, administsatots, successors and assigns.
wmvESS our hands and seals this ~ a,. ~1` day of t~))~~ )-uetil! r~+~1 ~ .
Martang(A`ddraas Nanas ~~--~-4 -~F 22a~ ~Y-~ ~ Seller
~LG L ` ~u ~G., f ~~ ~ Auc eer
Phone (Ares Code) Home ( ) LrA/7 / V ^ / 0
o~ce(~7 ) ~7~5~
02/12/2010 13:57 7177902240 RICHARD P MURRY AUCT PAGE 02102
Elmex ~Viurry Auctions, Inc.
Rich~alyd P. Murry ,auctioneer
Lititz, PA wwwrichardrnurryauctioneer.cozn
71'7-626-2636 eznaxl: richmurly@epix.net
Mechanicsburg, FA
7Z7-790-2240
Fax 717-790-2240
AUCTION AGItEEME~T~'
Owner J~ A,gent
Clicnt_~C~~/5 Td~l~ C3UA~q~ ~r z N iP .~fk-~S Date' ~ ~ .
Address _ bbd ~ ~^/ _
L ~~~ ~-- ~ ~ ~ ~ 3 Owner's Name ,~Y~1V .~ DNS ~ N
Phone ~' ~ Auction Location /
3 7 Gaea~ S r N~'w
c~~
1. Adve:t'txsiuag: Newspapers $ ~Px I,~p ~ . Flyers $ Othez $ ._~
~O R R E..4 L-f `(" ~ Q. P (ceiling amounts will be listed at clients request)
z• Appraisal Pr 3. Food Responsib~ity Auctioneer Client a
4. Guazanteed Checks ~ ~ ~_~ ~~~ 5. Runztezs $~_~1 er outer e~ich ~~W ~1 At?trT .1/f~F`/
6. Auction Pzeparation $ la•.ao ,per hour each perso><a 7. Toilet $ T~'~ 8. Tent $
9. ~•iall Rental $ ~~ ~' 10. Moving Goods $ ~ ~ 11. Signs $ ~l C
l2. Trashy Removal $ ~ -„ l3. Storage l4.Other $ ~a ~~
NOTE: >'Yhere a check mark is used rather than an amount, the client will rnimburse the auctioneer at the current rate.
Auction Date: ~ /~ L o~ 4 f ~ Auction Time: ~ Gd ~~
Fick Up Date: ly ~ 0 Absolute A,uctioz~ (~On Site Auction d Gcncignment Auction
l.lsr op 1K.~.roa zz>?~rs:
tr U P S •~ z~ ~2 vP~
I'be hereby deliver the i[eras(s) set forth in this Agreement to Elmer Murry Ant:iions, Ync. for the purpose of selling the said goods at public auction.
I undcratemd that until such time that thlc goods arc sold at public auction, I shall be the owner of the goods and shall bear the risk of loss. I understand that
the auccionccr has placed ao i[tswrauitce oa the goods and that I shall beax all of the rusks arising act of or r+elatiiag to the loss in value of the goods, whether by
theft, fire, other casualty or otherwise. I represent, coventant and warrant that I am the sole legal a< citable owner of the goods, free and clew of arty lien,
pledge, chsurg., sncumbrance or adverse claim of any nature. I fully und.ratand that the 'near does rwc nraiatea tl~e amount to b ived for the goods
sold, ocher than what has bee~a speclllcally set forth lrl this agreerraettt.
The rrtantaer rut which goods are sold shall be at the sole discretion of the auctioneer. 1
X ~. (Seal) sy (Seal)
C 1)/NT UCTIbNEEIt - A 649-C,
~O X~y~r ~retuium ~u t3uyer ~rrtiurm
X {Seat) 9o Com~Iinissiou .....................$
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