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HomeMy WebLinkAbout05-21-10David H. Stoma, Stone, LaFavor 6 414 Bridge Strae Nip Cumberland, 717-774-7435 wrrw. stonelavr. net N C '"7 Ci7 ;`) ~ ~ 7ta c, ! S ? ~- rn N r-, , .'°r ~ ,7:7 +'V 7 j tl'3~ {"m~%".7 C ') ~ -n ~ ~~ ;-~; .~ _y squire ~ co ~Shekletski 17070 THE 1~ATTER OF T i APPOINTMENT IN THE COURT OF C014~1ON PLEAS OF A GUARDIAN FO DAUPHIN COUNTY, PENNSYLVANIA SVEN O. JENSEN, ALLEGED ORPHANS COURT DIVISION INCAPACITATED I IVIDUAL NO. 21-09-0807 ~F!ETITION TO SELL 72fP.ST. ESTATE TO THE HONORABLEIJUDGE EBERT: ,sf- AND NOW, tY~is;~~ day of ~~ 2010, comes the Plenary Permanent Guardian of the Estate, Constance E. Stoneroad of Keystone Guardial~ship 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 O.I~'Jensen, to ensure liquidity of funds from which to pay his de~pts 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'I~I Court by Order dated September 29, 2009, (see Order attached ~s S.xhibit "1") . i 2. Sven CIO. Jensen is a resident at Arden Courts - Susquehanna of Harrisburg, located at 2625 Ailanthus Lane Harrisburg, Dau hin County, Pennsylvania since December 7, 2009. 3. An In entory of Assets for Sven 0. Jensen was filed by the Guardian on' December 22, 2009, (see Inventory attached as Exhibit "2") 4. Sven C~. Jensen is married to Barbara Fowler. Barbara Fowler is aresident at Green Ridge Village, Newville, Cumberland Count, Pennsylvania in a skilled nursing care unit. 5. Sven ~. Jensen has two adult children, Ann Kristine Evensen of 4870 Fevik, Norway and Thor Edward Jensen of Finnholt 2114 Disena, Norway. 6. Sven q. Jensen's wife, Barbara Fowler, has two adult children. 7. Barbar Fowler appointed her sister, Alexandra Young, of 69 Dennis Dr've, Amherst, Massachusetts 01002 as Agent under a Power of Atto~ney dated July 18, 2008, (see copy of Power of Attorney attached as Exhibit "3"). ~' -2- 8. Sven p. Jensen and his wife, Barbara Fowler, are joint owners of real estate known as 317 Carol Street, New Cumberland, Cumberland Coun~y, Pennsylvania (Parcel No. 26-23-0543-030) (see copy of Deed atttached as Exhibit "4") . 9. The Cumberland County Tax Assessment value of said real estate is~l, $159,870.00; Cumberland County Tax Assessment Common Level R~tio is 1.26 bringing the value to $201,436.20 (see copy of Assessment Summary attached As Exhibit "5ry). 10. The s~id property has been appraised at a value of One Hundred Seventyl~Five Thousand ($175,000.00) Dollars by P. Scott Archibald, 44541 Dunmore Drive, Harrisburg, Pennsylvania 17112 (see copy of Ap~raisal attached as Exhibit "6"). 11. The Guardian's first attempt to sell the property has been at a Public Sale held on Monday, April 19, 2010, "As Is" for no less tha~ $179,000.00 (see copy of the Order attached as Exhibit "7") ~~ 12. There ,were two active bidders when the real estate was brought to the suction block and the same two bidders remained through out then bidding. At ($105,000.00) Dollars one bidder stepped out; th$~e were no further bids offered. A break in the bidding took pla~Ce; upon return to the auction block no one -3- stepped in to resume bidding. The Guardian advised the auctioneer that the real estate did not attain the minimum bid as Ordered by tie Court and instructed the auctioneer to reject any and all b~ds and to withdraw the real estate from the auction block. 13. The Gluardian was made aware that Barbara Fowler's liquidity used jto pay for her care at Green Ridge Village has been exhausted~nd application was made to Department of Public Welfare. 14. The Guardian was required to submit Sven 0. Jensen's solely registered financial information to the Department of Public Welfare. II 15. The G~ardian and Alexandra Young, Agent for Barbara Fowler have been] working together to make a decision to sell the real estate. ~' 16. The G~ardian compiled an explanation of the real estate to be att~aiched to the application submitted to Department of Public Welfar~ (See explanation attached as Exhibit "8 n). 17. The Guardian made telephone calls and emails to several known real estate buyers and sellers and emailed and discussed the $ame with Alexandra Young, Agent for Barbara Fowler. -4- 18. The Auctioneer, Richard Murry, received an offer from Donald Failor o~ 429 Dark Hollow Road, Shermans Dale, Pa 17090 in the amount ~f One Hundred Twenty Six Thousand Five Hundred ($126,500.00) D~llars with a buyer's commission of one and one half percent (ll, 1/2~) to the Auctioneer with a stipulation to make settlement'~on or before June 10, 2010. 19. Afters,much discussion and consideration, the Guardian and Alexandra Yung, Agent for Barbara Fowler, agreed to present the signed Conditions of Sale and a check for five (5$) percent of the offer pr~~ice for Court approval of the sale of 312 Carol Street, New Cumberland, Cumberland County, PA "AS IS" to Donald Failor in the $mount of One Hundred Twenty Six Thousand Five Hundred ($126,50.00) Dollars (See copy of Conditions of Sale and copy of cheq'k attached as Exhibit "9"). 20. The G~ardian has obtained the Consent of Alexandra Young, Agent flor Barbara Fowler, to sell the real estate belonging to Sv~n 0. Jensen and Barbara Fowler to Donald Failor for One HundredTwenty Six Thousand Five Hundred ($126,500.00) Dollars (see copy of Consent attached as Exhibit "10"). -5- 21. The Guardian along with the Consent of Alexandra Young, Agent for Barbara Fowler is requesting permission to sell 317 Carol Street, New Cumberland, Cumberland County, Pennsylvania (Parcel No. 26-23-0543-030) "AS IS" for One Hundred Twenty Six Thousand Five Hundred ($126,500.00) Dollars WSEREFORE, the aforementioned Guardian respectfully requests this Honorable Judge Ebert, enter an Order authorizing 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 One Hundred Twenty Six Thousand Five Hundred ($126,500.00) Dollars to Donald Failor. Respec fully~ubm~tted Date• 5''d1-IL David u _~~or~~, Esquire Stone, LaFaver & Shekletski ID 39785 414 Bridge Street New Cumberland, PA 17070 717-774-7435 -6- THL FATTER OF THE APPOINTI~9:NT OF A GUARDIAN FOR SVEN O. JENSEN, AN ALLEGED INCAPACITATED INDIVIDUAL IN THE COURT OF CO1rIlKON PLEAS DAUPHIN COUNTY, PENNSYLVANIA ORPHANS COiJRT 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. KEYSTONE GUARDIANSHIP SERVICES Date: cz ~ 'U D ~~~~~~~~ Constance E. Stoneroad Keystone Guardianship Services P O Box 804 Elizabethville, PA 17023 o.: IN RE: IN THE COURT OF COMNION PLEAS OF ~, CUMBERLAND COUNTY, PENNSYL~IA~IA o __, _ ~, _ ~, _~ SVEN O. JENSEN, _ - AN ALLEGED INCAPACITATED : ~- _~ L - ; , PERSON NO. 21-09-0807 ORPHANS COURT -- - '; T _ _ -- , -.i ORDER OF COURT ~_~ ~ :- .~ r 0 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 0. 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 FURTHEpt ORDERED AND DIRECTED that Cumberland County Aging and Community Services and Keystone Guardianship Services are authorized to obtain payment for their servi'~es 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 br $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 ~~~ ,,~~ Guardians shall hereafter comply with the reporting requirements of 20 Pa.C.S. Section 5521(c), a copy of which is attached. By the Court, ~V\, "~ ~ ~. w-. ~ M. L Ebert, Jr., ~ ` J. Anthony L. DeLuca, E quire Attorney for Cumberla d Co. Aging and Community Services Mark Bayley, Esquire Court-Appointed for S~en O. Jensen Cumberland County A~ing and Community Services :': s H~JE COPY FROivi RECORD !n Testimony wherof, I hereunto 39t my hand and the seal of said Court atCC,~arlisle, PA Thi ~ _day of ~C..:~t 'ti L, Clerk of the O hang court Cumbe nd Cour-ty GUARDIAN'S INVENTORY COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION Estate of Sven O. Jensen Lan incapacitated Person No. 21-04-080'7 Y. Real Estate: (L nation, by whom occupied and rental Estimated Value: terms, applicable) I _ . I ~ I Sub-Total for Real Estate: $o.oo 2. Personal Pro II Estimated Value• Sovereign Sank #3 X060855 $1,864.00 Sovereign Bank #i 54075026 $158397.83 Cash found in hom $202.98 Jackson National ance -IRA #1005683323 $260,229.29 2002 Ford Wins $3,905.00 Sub-Total for Personal Property: $4zq.,5gq.lo 3. Jointly Held Pro (Set fourth real and persona other person(s). State wheth surviuorsh' exists.) rty: pMperty awned by thelncapacitated person JOl1VTLYwi[h any rlheld as tenants by [he entireties; if not, whether th¢ right of Estimated Value: 317 Carol Street, Ne Cumberland, Cumberland County, PA Parcel #26-23-0 -030 -Assessed value - $159,870 $79935.00 Held Joint Ten with Right of Survivorship with his wife, His wife, Barb Fowler :d 'J _ ', ,:~. __ :i ~_Jv -~- _ _ ,._~ ,.t ., 4~ :4:.~i: III '. l~'f. f`. Pa etof2 Estate of Sved~ O. Jensen an incapacitated Person 4. Anticipated Assets: Estimated Value: (Setfourth property ofar~y kirzd expected to be acquired hereafter, together with arzticipa[ed date of acqui}it{onJ Property Anticipated Date ofAcqursition Sub-Total for Personal Estate I $o.oo (Attach additions! sheets if ecessary) TOTAL OF ITEMS i i ~, 3~ and 4:.... .................................................................. ~~oa.s34.io I ~I 5. Monthly income ~~ Social Security i ffii,864.00 Total of monthly income $1,864.00 Commonwealth of Pen sylvania County of Dau hin ss. Ke one Guardianshi Services ,says that the foregoing is a full, (Guardian) True and complete Inve Cory of the Estate of Sven O. Jensen , Che aforesaid Incapacit ted Person or Nlinor; and that all of the information set forth herein is Crue and correct to the est of the Guardian's knowledge and belief. verify that the stateme is made in this ) nventory are true and c stand that false stateme Wade subject to the pen rrect. I under- ) is herein are ) ties of ) ~ -G~G'~ 8 Pa.C.S. § 4904 relatin 'alsification to authoriti to unsworn ) uardian s. ) i 1 Page 2 of 2 INITIAL OVERVIEW REPORT OF GUARDIAN OF THE ESTATE Estate of COURT OF COi~LVION PLEAS OF COUNTY, PE'VN"SYLVA:YIA ORPHAlYS' COURT DIVISION No. 21-09-0807 I. L'~iTRODUCTION an Incapacitated Person 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 Decemb~r 1, 2009 (the "Report Period"); or Il i g. This is the Final ~eport for the period from i to (the "Report Period"), and is filed for the followi g reason: 1. The dea~h of the Incapacitated Person. Date of death: Name o Personal Representative: 2. The Gu dianship was terminated by the Court by Decree of I~ J., dated Page 1 of 3 Estate of $ven O. Jensen an Incapacitated Person Q. P~ IFOR~'~IATION: A. Keystone Guardia' ship Services is the Court Appointed Guardian of the Estate of Sven O. Jensen who resided at M or Care in Carlisle, PA until December 7, 2009 at which time he was moved due to the request f Manor Care to Arden Court; -Susquehanna of Harrisburg, located at 2625 Ailanthus Lane H rrisburg, Dauphin County, Pennsylvania ;and, B. Barbara Fowler, w~fe of Sven O. Jensen, who is presently residing at Green Ridge Village, Newville, PA, ap inted her sister, Sandra Young of 69 Dennis Drive, Amherst, Massachusetts 0 (002, as her agen~ Agent under a Power of Attorney dated July 28, 2008; and, C. To the best of the uardian's knowledge Sven O. Jensen and Barbara Fowler held assets solely in their individual na~es with the only known exception being the real estate in which they resided; and, I, D. The real estate kno n as 317 Carol Street, New Cumberland, Cumberland County, Pennsylvania is deeded to Sven . Jensen's wife, Barbara Fowler, joint tenants with right of survivorship; and, E. The Guardian has d termined that Sven O. Jensen and his wife, Barbara Fowler, file their Federal and State Income T Returns jointly; and, F. The Guardian found the largest asset of Sven O. Jensen is an IRA with Jackson National Life ftxed annuity which Sovereign Bank offers through there investment services through a contractual agreeme t with LPL Financial Corporation ("LPL"), on which the named beneficiary is Barbara Fowler. G. The Guardian's atto~ey wrote a letter to Joseph Merrullo, Compliance Administrator , Investment Services t Sovereign Bank and received the attached reply. (Attachment "A"); and, The major features o~the annuity are: 1. First Year i terest 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% an be withdrawn annually without penalty this amount includes the required mi imum withdraw; and, 4. provides fo nursing home and terminal illness waivers for access of additional funds without oe ltv. H. The Guardian met wi h Jeff S. Howe on December 10, 2009, and discussed the Jackson National Insurance Annuity pu chased through Sovereign Bank in detail confirming and explaining the features of the annui ;and, I. Due to the facts and fi~dings relative to this Wazd, the Guardian~nds no need to meet and review the informatio found with a representative of the Elder Abuse Task Force. Page 2 of 3 Estate of ~ven O. Jensen an Incapacitated Person [ veri that the foregoing information is correct to the best of my knowledge, information and belief, an that this Verification is subject to the penalties of l8 Pa.C.S. § 4904 relative to unsworn falsifi ation to authorities. I' '~ ~I , ~~. ~~~~~~~ igrtature of Guardian of the Estate Constance E- Stonero Name of Guardian of the Estate (CVpe or print) PO Box 804 Address Elizabethville. Pa 17023 Ciry, State, Zip 717-265-4056 Telephone Notes: This report was F unusual situation and or situation with different pa The situations to be encoa and will take much time needed and required to ke pared and submitted to the Court for informational purposes due to the •cumstances of this Ward. The Guardian finds this to be an unusual le and or entities responsible for and accountable for their decisions. >red will be very different, and may be difficult and sensitive to handle ~ personal touch . Petitions and Annual Reports will be submitted as the Court informed. Page 3 of 3 LPL Financial November 18. 2009 Rebecca J. Margerum, 4054 Route 225 Elizabeth, PA 17023 Re: Dear Ms. Margerum: This letter is in concerning Mr. Jensen' Sovereign Bank offers i with LPL Financial Cot representative Jeffrey H this transaction. Accorc I have reviewed this ma transaction. Based on n Background Prior being intro at the West Shore Plaza'. investment services throe Over that period of time, options that he might cor bank certificates of depot attendant to the details o1 his balances so that he ce circumstances. In Noven spring or summer. She re Pennsylvania Bar Associ~ transferring to the Harrist West Short Plaza branch, Peter W. Gillies Vice President Associate Counsel One Beacon Street, 22nd Floor Boston, MA 02108-3106 peter.gilliesCa?Ipl.cam 617 897 4166 direci 800 775 4575 ext. 4165 617 426 8589 fax ~sponse to your letter dated November 10, 2009 to Joseph Merrullo purchase of a Jackson National Life fixed annuity in July 2009. vestment services at its branch locations through a contractual agreement oration ("LPL"), and Mr. Jensen dealt with LPL registered we and Sovereign Bank employee Holly Freundel in connection with tgly, Mr. Merrullo referred your letter to LPL for review and response. ~r with Mr. Howe and Ms. Freundel, and reviewed LPL's records of this review, the following appears to be an accurate chronology of events. ced to Mr. Howe, Mr. Jensen had previously dealt with Ms. Freundel mch for approximately five years (at that time, Sovereign offered ~ a contractual agreement with IFMG Securities, Inc. ("IFMG")). r. Jensen spoke frequently with Ms. Freundel about investment ier when he retired for his retirement assets. These typically included and fixed annuities. Ms. Freundel noted that Mr. Jensen was s finances over this period of time, and often requested printouts of ~ keep track of the rates he was earning and his overall financial ~r 2008, Mr. Jensen told her that he planned to retire the following ewed with him the process for rolling over his 401(k) with the in. In January 2009, she contacted him to let him know that she was g branch, and that he could continue to work with the personnel at the with her at her new location. In June 2009, Mr. Jensen and his retirement advisor from the Pennsylvania Bar Association came to see s, Freundel for assistance with his retirement. Along with reviewing the rollover process, they iscussed investment options, including IRA certificates of deposit, money market accounts, a d fixed annuities. Both Mr. Jensen and his advisor appeared to be in agreement that the fixed a nuity would be a suitable invesument, 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 ese options with his wife. Accordingly, a meeting was scheduled for July 10, 2009 at their hom ,which Ms. Freundel and Mr. Howe attended. Memher FINRA,%SIPC ATTACHMENT "A" LPL Financial At the July ] Q 2009 meeting, Mr. Howe and Ms. Freundel reviewed the investment options for the 401(k) rollover. They both recall 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 pehsion and social securiry. They discussed that, because it was an IR.4, he would be required to to a minimum distributions annually from [he contract, but Mr. Jensen stated that he did note pect that he would need those distributions to fund income needs. They again reviewed IRA ce ificates of deposit, money market accounts, and fixed annuities, including the Jackson ational product. They noted that this product offered a first year interest rate of 5.8%, and then uaranteed him a rate of no less than 3% for as long as he held the contract. They also not d that up to 10% could be withdrawn annually without penalty, and that the product provided fo nursing home and terminal illness waivers for access to additional funds without penalty. In con ection 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 meeti g, Ms. Freundel called Mr. Jensen and told him that they would contact him when the rollover c eck 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 Ju y 14, 2009, when Mr. Jensen came in to meet with Ms. Freundel and Mr. Howe. They again revi wed 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 nclosed paperwork. On August 4, 20 9, lair. Howe met with Mr. Jensen to deliver the contract, and again reviewed its terms. The urrent status of the contract is as follows: Total Deposits: $253,882.23 Contract Option alue: $263.092.09 Free Withdrawal Amount: $26,309.20 Cash Surrender alue: $230,781.39 Discussion Based on my rep the contract that Mr. Jen transaction was fully dis also do not recall observ experiencing. As noted , and did not perceive any meetings from what she moreover, by the represe Jensen to the initial meet July 10, 2009 meeting th there were any apparent i have been noted by one c :w of this matter, I have found no basis to accede to your request that ~n purchased be rescinded. As an initial matter, it appears that the ~ssed, documented; and authorized. Both Ms. Freundel and Mr. Howe g any apparent cognitive deficiencies that Mr. Jensen may have been rove, Ms. Freundel had known Mr. Jensen for approximately five years, hange in his behavior or apparent cognitive capacity in the 2009 ~d previously observed. That perception appears to have been shared, ative of the Pennsylvania Bar Association who accompanied Mr. g with Ms. Freundel at the bank, and by Nlrs. Jensen, who stated at the this was Mr. Jensen's decision to make. I intend no disrespect, but if capacities at the time of the 2009 meetings, it seems likely that would more of these persons at the time. I also do not agre 'with your assertion that the investment is not in Mr. Jensen's best interests. It provides for g aranteed rates of return on atax-deferred basis that were and are higher than other alternati es, and provides for 10% annual surrender-free withdrawals, as well as nursing home and termina illness waivers for access to additional funds in those eventualities. Memberi=lNFA!S!?C 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 Tour attention to this matter. If you have any questions, please feel free to contact me. . Very truly yours, ~; ~ _ ,., ~ ', ~1 ~ v .; Peter Vk~ Gi(lies ~ Enclosures ~Aember rINRA/SiPC COO P}7 DURABLE GENERAL POWER OAF ATTORNEY KNOW ALL MEN BYI THESE PRESENTS, that I, BARBARA A. FOWLER, of New Cumberland, Pennsyly ~nia 17070, do by these presents make, constitute and appoint ,~~ ALEXANDRIA YOUNG R~.,~-(hereinafter referred to as "my agent"), my true and lawful agent under a po er 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 f stock, bonds, car titles, releases of lien or satisfaction of bonds and mortgages, contracts, ~rders, 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 orl orders of any nature for the withdrawal of funds standing to my credit in any type of account i any bank, building and ican association or other financial institution, and also to deposit in a~y accounts in my name in any such institutions any money, funds, checks or drafts, payabl~ or belonging to me; to enter my safe deposit boxes in any and all banking institutions and t establish new safe deposit boxes and to add to and to remove any of the contents thereof; to orrow 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 ther action with respect to, any property, real or personal, now or hereafter owned by me, n such terms and conditions as my agent may consider appropriate, and in the event of sale o any of my real estate, to execute the sales agreement and the deed in my name and to make ettlement and receive the proceeds; and to prepare, execute and file any tax returns, governm mtal reports and other instruments of whatever kind, and likewise to execute any and all writin s, assurances, instruments or documents which may be requisite or proper to effectuate any atter or thing appertaining or belonging to me. I hereby authorize my went to contract with and arrange for my entrance to any hospital, nursing home, health cent r, convalescent home, residential care facility or similar institution, to authorize medical, therapeutic and surgical procedures for me and to pay alt bills in connection therewith. GI'viivG AtiD GrcANTING unto my agent full authority and power to do and perform any and ail other acts necessary or incident to the performance and execution of the powers herein expressly granted, with po er to do and perform all acts authorized hereby as fully to all intents and purposes and with th same validity as I might or could so if personally present, hereby ratifying and confirming w atsoever all that my agent shall lawfully do or cause to be done by virtue hereof. AND, I hereby declare th t any act or thing lawfully done hereunder by my agent shall be binding on myself and my airs, 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 item ~urported revocation of it or my death, until f`~ ~JI/ 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 despixe such incapacity, subject only to it becoming void and of no further effect only upon receip by such person or entity either of (1) written evidence of the appointment of a guardia (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 in~~pacity. This power of attorney s by me. IN WITNESS WHEREOF. L1r'iTNESSEL; BY: rescind and revoke any other powers of attorney previously made have hereunto set my hand and seal this 18`" day of July 2008. l-~-E/c- n (SEAL) BARBARA A. FOWLER ~ ~Qt` COMMONWEALTH OF P~f~NSYLVANIA :SS: COUNTY OF CU On this, the 18T" day of Jul~r 2008, before me, the undersigned officer, personally appeared BARBARA A. FOWLER, ho being-physically-unable to-sign-her-name; placed-her-Mark-here--- before two witnesses, and~~knowledged that she executed same for the purposes therein contained ~I I I!, Notary Public COMMONWEALTH OF P~:NN$YL"ANIA NOTARIAL SEAL Harold S. Irwin Iii.. Esq, Notary Public Carlisle, Cumberland County My commission ex iros February 06, 201 l c----:~ ACKNOWLEDGMENT BY AGENT I, ALEXANDRA YOUNG, have read the attached Power of Attorney executed by BARBARA A. FOWLER and am the person identified as the Agent for the PRINCIPAL. 1 hereby acknowledge that in the absence of ~ 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 pov~~rs for the benefit of the PRINCIPAL. i shall keep the assets ~f the PRINCIPAL separate from my assets. I shall exercise reason2~ble 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 ~' ~~f'i~<Z~x-~~~. ~ ' ALEXANDRA YOUNG / COMMONWEALTH rOUNTY OF taENNSYLVANIA :SS: On this, the ~~~day ~ f 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 withi {acknowledgment and acknowledged that she executed same for the purposes therein contai ed. WITNESS my hand and sieal the day and year Notary Public COMMON~p PENNSYLVANIA NOTA7i.l!_ >~~.f. Hazold S. Irwin !ii ::;, ~;,Cnry P,:b!i^ Carlisle, Clinlbei'In~iU .~Vunty MY commission ox iris Fabiua (Jti ?01 I ,~ rrs wars- ec~ta. d® nr nr,aa. o,. waae.~~ k 'i F~ I i~ 1 !~ ~i MADE the 12th day of November !~ I' ~ ~ Y~ hundred ~ eighty-four J •i I' BETWEEN MfCHAEL L. STBIGERWALT ~IIIIfff~ f Grantor, Party of tie First Part; !i~ i, a n d SVEN 0. EIiSEN and BARBARA A. FGWLER, joint tenants witty right oft ~~ '! + ~j II survivorship Grantees parties ,--- r6., „ -:, J.c . ~ 4 .-. ~ I~ ,~ ~ i~ ~is ~~ of the a ~, rhae ,.~ past ~ of the ant pae~ Eor and m ~aasae.gpa of eL. t ii ~ sum ~ Forty Seven Thousand and 90/100 Dollars' ;I D~a*r. 4wfol of the Udted Shto of Ammiaa, weB ind truly P~ ~' ~e ~ ~ iea of Ob !~ seooud paR'to the aafd paK y of the tbst part, at and before thq aealiag a~ deGvay of these I~ the reoei Whereof to ~ ~ ptamtr, hereby arloaowledged, Wanted. 6argatned, ,I rotd, slimed, eat ndeased, conveyed and confirmed, and by dlese preaeot~ does gear, bargdq re0. aBe4 mfeoH, ass, convey and confirm mro she mid pubes ~ ~ ~~ P& . their ~~ heirs and .a~s,r II I ~' THAT C B,TAIN lot or piece of ground actuate in the h F $orough of Ne Cumberland, County bf Cumberland and Commonwealth ~~ 6 I pf Pennaylvan a, afore particularly bounded and described pa l tollowa, to w t: BEGINNING at n, iron pin on the northern aide of Carol Street at ~I Lhe southern orner oP land nox or late oP Dr. Edwards and a ii distance o£ o ei hundred fifty-one end one-tenth (151.1) feet measured alon Carol Street Prom the northwest corner of Carol and Bridge St efts; thence along Carol Street South 60 degr•eea ~ West a d1'stan e'~of eighty-one and ten hundredths (81.10) feet 40 ~ an Iron pins ~.ot Ho. 34 on the hereinafter mentioned Plan of II Lots; thence long Lot No. 34 North 30 degrees West a distance of one hundre ninety-Pour and Plfty hundredths (194,50) feet to an iron pin; hbnce North 60 degrees East a distance of ' i thirty-five ( 5',) feet to an iron pin; thenoe by Land now or ).ate of Dr. Edward South 43 degrees 20 minutes 03 seconds East a ij distance o£ o e!hundred ninety-nine and elghty-nine hundredths f (199.89) Peet tp the place of BEGINNING. I ' I BEING Lot No. 33 on the Haldeman plot as recorded in Cumberland County Plan H olt 2, Page 48. HAVING THEREO r cted a 2-1 2 at x e e / ory d ailing house and frame garage and he g numt+ered 317 Carol Strest. it ~i ~ eaosZ30 Pact 334 -- I~ vnn nnnn A~A .~I7 DLA R1IMRCRI Al6'1fX11.1NTV IfISt.#198404803-PagetOf3 • li AS SUR Y~ED by D. P, Raffenaperger Aasociatea, Camp Hill, Pa., ' August 5',, 1980, in Drawing No. 1388-83. BdING t eleame premises which Rohert Horton, Executor of the Lnat WS 1' and Testament of Lawrence N. Horton. Sr„ decesaed, by Deed dated September 5. 1980, and recorded ih the Office oP ~ the Rea r~1er of Deeds in and Por Cumberland County, in Deed Book'- I~ C19. Pa 141, granted and conveyed unto NSahael L. Steigerwalt, i Grantor !rein. i III ~~ ~~ Comb. Ce., •Pa. ~w-1 ', JA !ul Esf.b Tnu6, As I'i Dd. Il ~.~~. yr =j ~..V O --..~ Cur•` r.R O:u. GI. AyC fig..--_ QORC (sHOfYE'NC~FiIneRW.Nu~ j,t.-c~~^t ~~ - jg ~~ Sc6oal Oi.-. Cu ImIb. Ca,~ P~. - I S M~1 Fsld~ treirln Tu 6 sEC~i Zrl~/Y~ 1S,S'v~ ~- .._...... _.. _..I ads Ad. ' C~ d., aAa CsL;.yt' ~~q, J i f :: , • °' CC)'.'.;-'Jt+'~R."d'H CF FENNSY;,V ;!Jit, ' i ' ~° IYLPNNIN.~Yi qF RF.VFFiUe e. \ a Fta:rr c ::a iP:.ti"+FW ~ ~ r ~ ,. -^ ~-7 C. . . eooxZ3O Ftict 335 i~anona a t t n PM ~ i ~` I CUMBERLAND COUNTY Inst.# 198404803 -Page 2 of 3 - II TOC;ETHERi', with ell and singular the tenement, heroditottrmt and appurteaaaow to the tame be• '1 II lopgtng, ak iv eny~svtse appertnlaing, and the revers[oa and reversloat, remsender and [emainden, teat, it trues and profit thereof; AND ALSO all the eshtq right. ttHq interest, property. claim atsd demand r I whstoevci, both Lr law cod equity, of the said pact Y of the first part, o$ L4 to or out of the-said pro- °; j atisrs, and every bntt end parcel thereof 1 .~ i1 TO EIAVE 'A TO HOLD the sold preatires, wiN all end singular the appurteaancea, Hato the sold part ies the second pare. their heirs and assigns, ro slut Eor the only proper are end g 6ehooE of said ies of the second pert, theiz belts and essignt forever. 1 ~i ) II I i AND the raid Party of the First Part, hie '~ ti ,I baits, executors, en ~dmlaCstrntots, do es 6y these present. covenpnt, gtmt and agras to and with i( l the seed past ies aE the second part, their hclrs and ssdgm, that the said F Party of th First Part, his II v heirs, all and sin the hereditamentt and premises herein above desalted and greeted, err meatloaed y and ta[endcd so to be, wlds the appartenancea Hato the said pert ies of theseomd port; their lIi heirs and assigns, ` the said party of the 6cst pod sad his heirs„ end agaiar4 sII sad fE every other perm (parsons, whomsoever, lawfully claiming or m claim tba same or say pad thereof, ~i a ~I ,7 ~ shell and will, by a presents, WARIL4VT AND FOlIEVES DEFEND. 1N VYITNESS EAF.OF, tho said party of the Brat port has 6ercuam set his bend end ~.. ,the day and yeor first wtlkca above. i arcs®, ease t+etsvruo ......._II~I I HOSENB OP .yo .............. ........................................... .... ..~1.. ~.......... .' ........................ ~luL) I Mie eel L. Steigerwa ~~) ~S ............:._ ........................................................_..... ..................................................................._...................... ..............................._.........._.._................................ ......._......................._........._......................_..._........;......... (aracj i~ i a, GERTiFICATB OF AEBIDENCB F I I, hereby egat the residence of the grank e s hardn t u foCowa j z I ~ f r~ ' toe Penvsnv~sra ~ II sst i ~ ~ Calmly of ....._~ ~~.ll..i:.?T.......___..... Y i ,; , On this, the ~,th day d November 18 84,br~tae ma, p Notar Public, g' j the uadetsigtted personally appeared MICHAEL L. STSIGERWALT ! i8 i I (mown to tae or i ~ Y Proven) to ba the person where rtams ~ mbsq[lred to the wltben lashtttneat. I aclmowkdged that he executed the reme fm fhe purpo;s thcelu wstlned. IN WITNESS L~'HEREOF, I have hereunto set my heod~. aot:arial ~ ~;~; ..: '''. .. _ ,. ........ .... .: ~ ej'e~"'~DtlR"r3 rACE 336 ---.........._NotarX,_.._,_.,_._sutoea eat atu:~ strs:.r:i rCc;' _. Z ~, xza~i'st:uxc:~[,rn~c'..CW~'s;i .. rrcoar ~attrticfs~o.,tr>s~t,t -ikmaeraaf~i;~.,~ ~ .t ..r. k!r. ~r4r ='"~ !~ .,^^,^^^^ , •, ,' ^"" rr ienaFar anrn crn wrv Inst_tt 198404803 - Paae 3 of 3 TaxDB Result Details Page 1 of 1 Detailed Results for Parcel 26-23-0543-030. in the 2004 Tax Assessment Database DistrictlYo 26 Parcel ID 26-23-0,43-030. MapSuffiz HouselYo 317 Direction Street CAROL STREET Ownerl DENSE , SVEN O C/O & BA ARA A FO WLER PropType R PropDesc LivArea 1730 CurLandVal 40000 CurImpVal 119870 CurTotVal 159870 CurPrefVal Acreage .28 ~ CIGrnStat TazEx 1 SaleAmt 47000 SaleMo 11 SaleDa 14 Sa IeCe 19 SaleYr 84 DeedBkPage 00302-00 34 YearBlt 1960 HF File Date 11/03/200 HF_Approval_Status A http: //taxdb. ccpa. net/details rf[~ll 1 12/21 /2009 Pa. Common Leval Ratios for Real Property Assessments HTML f~ersion Copyri;ht 2009 Daniei B. Evans. ALl rights reserved. Page 1 of 4 Common Lewel Ratios for Pennsylvania Realty Transfer Tai (Current through June 201 When preparing and filing a Pennsylvania realty transfer tax affidavit, it is necessary to report both the assessed value of the proper and the "common level ratio factor," which is based on the average ratio between the assessed value nd fair market value of real estate in that county. If the transfer is not exempt from tax, the tax is aced on the greater of (a) the actual consideration for the transfer and (b) the product of the assessed valu 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 ratio i&nd factors based on the common level ratios are published each year in the Pennsylvania Bulletin. ( he common level ratio factors are the mathematical reciprocals of the common level ratios.) The table below shows the f ctors which have been in effect for the last six years. The factor to apply to a particular transfer is based n 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 doc rnents.) When two factors are provided in the table for a range of dates, the second one is a revised facto reflecting a change in the assessment ratio or assessment base, and is effective from January 1 of e second year. 'Common Level Ratio Factors County 7/1/03 to 6/30/04 (33 Pa.B. 2560) 7/1/04 to 6/30/05 (34 Pa.B. 3074) 7/1/05 to 6/30/06 (35 Pa. B. 3365) 7/1/06 to 6/30/07 (36 Pa.B. 2875) 7/1/07 to 6/30/08 (37 Pa.B. 2778) 7/1/08 to 6/30/09 (38 Pa.B. 3337) 7/1/09 to 6/30/10 (39 Pa.6. 3245) Adams Allegheny Armstrong Beaver Bedford Berks Blair Bradford Bucks 2.65 1.03 2.36 2.87 4.48 1.11 11.91 2.20 28.57 2.89 3.28 1.07 1.10 2.52 2.56 3.11 3.23 5.13 5.00 1.16 1.25 12.66 11.91 2.31 2.43 32.26/8.07 8.93 3.98 1.10 2.70 3.31 5.47 1.33 12.20 2.63 10.10 4.53 4.55 1.15 1.16 2.79 2.87 3.41 3.43 5.81 6.45 1.47 1.52 12.20 12.05 2.68 2.79 10.99 10.64 4.51 1.14 2.76 3.36 5.59 1.48 12.66 2.77 10.31 ~ ~ ~ ~ ~ ~ f ~I 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[4;8.06 ~ II 6 2161 L~ 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.O1 Centre 2.53 ' 2.68 3.04 3.24 3.41 3.62 3.47 Chester 1.35 !, 1.47 1.65 1.82 1.93 1.93 1.89 Clarion 4.98 I ' x.26 x.10 ~ x.38 ~ ~ 6~ ~ 5.16/3.87 141 [ ] 3.70 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 4.5 [/, .00 1.00161 , Columbia 2.92 3.05 3.26 3.47 3.55 3.76 3.69 Crawford 2.83 2.95 2.87 3.02 3.04 2.98 2.85 Cumberland 1.05 1.11/1.00 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 1.38 L55 1.64 1.72 1.63 Elk 5.00 i I 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 4.37 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 7.30 7.69/4.35 4.35 6.17 5.95 5.99 Jefferson 5.08 15.32/1.74 1.74 1.85 1.87 2.05 1.97 Juniata 5.69 5.65 6.41 6.21 6.25 6.33 6.90 Lackawanna 4.70 i 5.21 5.38 5.95 7.09 6.67 6.17 Lancaster 1.16 '' 1.22/1.00 1.00 1.22 1.31 1.36 1.35 Lawrence 1.00 ~ 1.08 1.10 1.14 1.14 1.12 1.1911 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 15.39 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 ~J 1. ~ J a ~.~ J L~ 1' 1 1.00161 Lycoming 1.52 1.60/1.00 1.00 1.10 1.16 1.25 1.19 McKean 4.41 4.4411.06 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 1.30 1.46 1.66 1.87 1.97 1.97 1.85 IVlontour 10.31 11.36/8.82 8.82/1.00 1.00 1.14 1.18 1.37 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 1.36 1.49 1.49 Philadelphia 3.39 ' ' 3,66[1] 3.37 3.50 3.52 3.55 3.06 Pilce 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 2.32 2.42 2.48 2.62 2.68 2.51 Snyder 5.71 6.10 6.29 6.58 5,32[2] 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 1.40 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 1.34 Venango 1.06 1.09/1.00 1.00 1.05 1.13 1.06131 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 1.32 1.37 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 [lJ Revised based on State Ta~q Equalization Board appeal decision, 35 Pa.B. 1308. [2] Adjusted by the Department of Revenue to reflect assessment ratio change effective January 1, 2007. ~I http://evans-legal.com/danlcomlevel.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. 363 (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. [~] Adjustment made by the Department of Revenue to reflect an assessment base change or assessment ratio change, 39 Pa.B. L36~ k3!14/2009). [6] Adjusted by the Depart exit of Revenue to reflect an assessment base change or assessment ratio change effective 1/1/2009, 3 ',Pa.B. 3245 (6/27/2009). [7] Adjusted by the Depart ht of Revenue based on a Board's decision effective August 18, 2009, retroactive to July 1, 2009, 3 'Pa.B. 5373 (9/12/2009). Daniel B. Evans, Attorney at Law P.O. Box 27370 Philadelphia, PA 19118 Telephone: (215) 233-0988 Email: dan a evans-leEal.con~ I http://evans-le gal. com/dan/comleve 1. html 12/21 /2009 I SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No. JENSEN Uniform Residential Aagraisal Report Case No 317 CAROL The u se of Nis summa a sal 2 rt is to rowde Me !enderlclient with an accurate, and atl uatel su rted, o inion of Ne market value of the subect ro Pro a Address . 317 CAROL ST G NEW CUMBERLAND State PA. Li Code 17070 90ROwH JENSEN SVEN08FOW RBARAA. OwnerCfPUbIiCRBCdfd SAME Coun CUMBERLAND L al Descri bon AS FOUND IN RECORD BOOK 30Z, PAGE 334 Assessons Parcel x 26-23-543-30 7az rear 2009 R~. Tazes S 2 488.38 Nei hborheod Name BOROU M OF NEW CUMBERLAND Ma Reference 26-23-543-30 Census Tract 42-41-107 Occu ant X Owner Tarrant ''~. ^Jacant 5 cial Assessments S N/A PL'D ROA 3 N/A er ear er monN " Prb Ri hts A raised X Fee Si 'le Leaaehdltl Other rdescnbe • Ass omen[ T Purchase Trans tin Refinance Transaction X Other describe FOR VALUE LenderlClient KEYSTONE GUAR01 N RIP SERVICES Address P. O. BOX 804, ELIZABETHVILLE. PA. 17023 s Ne sub ect ro current) offered Re rtdata souroe s used, offenn s r ale or has ~t been offered `or sale m the twelve monNS 'or to the effective date of this a laisal? Yes X Nc e s ,and dates . THE SUBJECT PROPERTY HAS NOT BEEN OFFERED FOR SALE THROUGH THE SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No JENSEN Case No 317 CAROL Residential Appraisal Report I Here are 3 com arable roes currend offered for sale in Mte Sub ect ne hbomood ran in in rice from $ 150 000 to $ 220 000 There are 14 com arable sale In the s FEATURE SU J T ubect nei hborhood within the ast Twelve months ran in in sale rice from $ 150 000 to 5 220 000 COMPARABLE SALE # : COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 317 CAROLS _ NEW CUMBER N 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 Pike $ N A < $ 195 000 $ 190 000 $ 179, 900 Sale Pnce/Gross'Jv. Area Data Sources Verification Seuroe s VALUEADJUSTMENTS $ 0.00 DESCRI ff ` - TI N . $ 111.62 s . ft, - ' CENTRAL PENN MLS CUMBERLAND COUNTY DESCRIPTION +- $Adustmen $ 126.67 s ft CENTRAL PENN MLS CUMBERLAND COUNTY t OESCRIPT~ON I+-f$Ad'usfinen $ 110.23 s ft '-' "' CENTRAL PENN MLS CUMBERLAND COUNTY t DESCRIPTION - $Adustmen Sale or Financin - ~ CONVENTIONAL ~ FHA CONVENTIONAL Concessions NONE KNOWN CLOSING COSTS -11,40 NONE KNOWN Date df SalerTime - - f~ 10/2009-iSDOM 3!2009-3DOM 6/2009-65DOM Location SUBU N SUBURBAN SUBURBAN SUBURBAN Leasehold/Foe Sim le FEE SI LE FEE SIMPLE FEE SIMPLE FEE SIMPLE Site 0.28 A S 0.25 ACRES 0.11 ACRES +2,D0 0.15 ACRES +1 00 view RESIDE T IAL RESIDENTIAL RESIDENTIAL RESIDENTIAL Desi n rSt le 2 STO 2 STORY 2 STORY 2 STORY Ouali of Constmctidn AVG/F E AVGlFR/BRK -2,00 AVG/FR/BRK -2 00 AVG/FR/STN -2 00 ActualA a 49 YE R 59 YEARS 33 YEARS 49 YEARS Condihon GOO ! GOOD GOOD GOOD Above Grade Total Btlnns adis Total Bdrms Baths Total Bdrtns Baths Total IBdrms Baths Room Count 7 2/3 5 8 3 2.00 -1,00 5 3. 1.50 6 3 2.50 -2 00 Grosslrvin area 1799 s.ff 1,747 s.ft. +1,04 1,500 s.ff.l +5,98 1,632 ft. +334 Basement & Finished Rooms 9ebw Grade FULL B FAM RM D T N FULL BSMT FAM RM +1,00 FULL BSMT FAM RM +1,00 FULL BSMT FAM RM +1 00 Functional UUIi AVERA AVERAGE AVERAGE AVERAGE Neadn /Coolin HWBB/N E FWA/CA -3 00 FWA/CA -3 00 HW88/CA -3 00 Erie Efficient Items NON NONE NONE NONE Ga e/C ort ~ O OFF S R E 2 CAR DET -5 50 NONE 1 CAR DET -3 50 • Porch/PatiolCeck COV POR CK COV POR PAT COV POR PAT COV ENC POR -2,00 SHE 2 FIREPLACES -4 00 FIREPLACE -2 00 FIREPLACE -2 00 ' APPLIAN 5 APPLIANCES APPLIANCES APPLIANCES • Net Adustment Total X - $ -13 460 + X - $ -9 420 X - 8 -9 160 ' Atljuste0 Sale Pnce of Com arables I X Did did not research the sale ~ r ~:: Net Adj: -7% ' Net Adj: -5% ~ N Gross Ad' : 9% $ 181 540 Gross Ad": 14°h I$ 180 580 G Hafer histo of the sub ect ro and com arable sales. If not, ez lam et Adj: -5% ross Ad': 11 % ' $ 170 740 M research did X did not reveal nor sales or transfers of me sub ect ro ert !or Ne three ears nor [o the effective dale of this a Taal. Data sources COUNTY COURT research did X tlid not reveal n USE nor sales or transfers df dre com arable sales for the ar nor t0 the date of sale of me com rable sale. Deta sources COUNTY COURT Re rt the results of [he research and anal s' USE of the or sale or transfer h6td of die sub ect ro antl com arable sales re rt additional dbr sates on e 3 ITEM , SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Date of Prior Sate/Trensfer NE PAST 3 NONE PAST YEAR NONE PAST YEAR NONE PA5T YEAR Pnce of Prior Sale/frans(er YEARS DataSdurce s CUM E LAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY Effective Date df Data Souroe s N OV. 2009 NOV. 2009 NOV. 2009 NOV. 2009 Ana sis of nor sale or transfer htsto of t a ub ct ro and com reble sales NONE KNOWN Summary of Sales Comparison Approach PRICE OF THE SUBJECT PROPE I AVE CONSIDERED ALL OF THE COMPARABLES IN ESTIMATING THE MOST PROBABLE SALES T SEE NOTES ATTACHED. THIS APPRAISAL REPORT IS FOR THE INTENDED USER ONLY AND I NOT INTENDED FOR ANY OT E USERS. Indicated Value b Sales Com neon A In 'rated Value b :Salsa Com rison INSUFFICIENT RENTAL DATA $ 175 000 h 175 000 Cast A roach if develo S N/A Income A roach If devNO = N!A S AVAILABLE TO ACCURATELY DEVELOP THE INCOME APPROACH TO VALUE. ' • This appraisal is made X 'as is,' canpleted, Q subject !o the following reps followin re wired ins lion based on me a utfject ro compleson per plans and specificatlons on Me basis df a hypothetical mndidon that the improvements have been rs or alterations on the basis of a hypothetral conditdn that the repairs or alterations have been completed or Q sugect to die rdin assum don that die condition or def~cienc does not re wire alteration or re air NONE • Based on a complNa visual inspactlon of conditions, and appraisers eerti6eatian, S 175,000 as of OCT. imrxior end exterior areas pf the subject property, daRnad scope of work, statement of assumptions and limiting y (our) opiNon M the market value, as deflnrq, of ms real proprrrty that is the subject of this report is 2009 which is the data of ins 'on and Ne efictlw data of mis appreiW. reeare mac roan ru rearm nwd Fannie Mae Fonn 1004 March 2005 ClickFORMS Appraisal Software B00-622-8727 Page 2 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS Flle No, JENSEN Case No 317 CAROL Uniform Residential Appraisal Report SUMMARY APPRAISAL R PORT SALES COMPARISON ANA COMPARABLE SALES INFO MOST SIMILAR IN AGE S PSIS - IN SEARCHING FOR COMPARABLES. I HAVE UTILIZED THE CENTRAL-PENN MULTI LIST M' TION FOR THE PERIOD FROM ONE YEAR TO PRESENT. I HAVE LOCATED COMPARABLES OF THE YLE LOCATION AND CONDITION THAT WERE THE BEST AVAILABLE AT THIS TIME. ADJUSTMENTS -SITE ADJU SUBJECT PROPERTY. THES ESTATE TAXES. QUALI TMENTS WERE MADE TO COMPARABLES 2.3 AND 4 AS THEY HAD SMALLER SITES THAN DID THE A' JU5TMENTS WERE MINIMALAS LARGER SITES 4EQUIRE MORE MAINTENANCE AND HIGHER REAL F CONSTRUCTION ADJUSTMENTS WERE MADE TO ALL COMPARABLES AS THEY UTILIZED MASONRY WORK IN THEIR ADDITIONAL ADJUSTMENTS ERIOR FINISHES. ADJUSTMENTS WERE MADE FOR THE DIFFERENCES IN GROSS LIVING AREA, ERE MADE FOR THE DIFFERENCES IN THE NUMBER OF BATHROOMS. WHICH INCREASES THEIR UTILITY. ADJUSTMENTS WE MADE FOR THE SIZE AND AMOUNT OF FINISHED BELOW GRADE LNING AREA, THIS ADJUSTMENT WAS MINIMALAS BELOW GR E LIVING SPACE IS A MATTER OF PERSONAL PREFERENCE. ADJUSTMENTS WERE MADE FOR THE FACT THAT THE SUBJECT P PERTY DOES NOT HAVE OFF STREET PARKING. I BELIEVE THE BALANCE OF THE ADJUSTMENTS TO BE SELF-EXPLANATO Y' SPECIAL NOTES THIS APPRAISAL WAS PREP RED WITHOUT THE BENEFIT OF A LEGAL DESCRIPTION. THE SIZE HAS BEEN DETERMINED AS PER THE COUNTY TAX MAP. • w Provide ade uate iMOrmation Forme ten a iclien( to re licate cur wst fi ures and camuladons. Su rt for the o mion of site value su m' of com arable land sales or Omer methods for e5dmatin site value ESTIMATED REPRODUCTION 0 '. REPLACEMENT COST NEW OPINION OF SITE VALUE _$ • Source of cost data ' OvrtMGn 1 799 S . Ft. $ _$ Ou ~ rap tram cost service Eaecdw dare of cost dale . FL 3 =$ Comments on Cast A mach mss livi a cakuladons de iadon, etc. THE COST APPROACH OOE OT PROVIDE AN Ga e!C ort S . Ft. $ _$ ACCURATE VALUE OF THE EJECT. total Estimate of Cast-new =g ' Less Ph sical Functional Ertema De reciation =$ ~ ' De a[e0 Cost of Im rovements =$ "AS-is' Value of Site Im rovemenls =$ ~ Estimated Remainin Ecarromic Ufe HU Esdmaletl Monml Madcet Rent $ d VA on 45 Year Indicatetl Value B Cost A mach =$ N!A { - Y %Gmss Multi liar ~ N/A =$ N/A Indicated Value b Income A roach Summ of Income A mach iricludin u art formarket rent and GRM INSUFFICIENT RENTAL DATA WAS AVAILABLE TO ACCURATELY DEVELOP THE INCOME APP Is dk Oewb (builder in control of me H Provi~ me folloalirt infartnaficn for PUD ACH TO VALUE. ~- < . u m<; oars Association HOA ? Yes X No Unit s Detached X Attached 0 LY if the dewb /builtler is in COntml of the HOA and me suD act is an attached owellin umt. Name of Pm act ~ Tofal number of aces T number of units Total number of units sold Total number of uni6 rentetl T Was me t created me conversion Goes the ro t conttdn an mWtl-dwellin number of units for sale Data source s ofexistin huildin s trim a PUD? Yes Nv Ii Yes date of conwrsicn. u~ its? Yes No Data spume. Are me units, common Hements, and rec a n facilities com lete° Yes No If No, describe the status of cram tattoo. • Are me common elements leased !o orb Hameoamers Associaton? Yes No If Yes, describe dre rental terms and o dons. 08SCdbe common elements and n3creatic I facilites. Freddie Mac Form 70 March 2005 Fannie Mae Form 1004 Maroh 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 FEATURE SUBJ C~ COMPARABLE SALE # 4 COMPARABLE SALES 5 COMPARABLE SALE # 6 address 317 CAROLS NEW CUMBER 1714 BRIDGE ST. NEW CUMBERLAND l 1729 ANNA ST. NEW CUMBERLAND Proximi ;o Subect - I 0.10 MILES SOUTHEAST 0.20 MILES SOUTHEAST SalePxe Sale Price/Gross Uv. Area $ N $ 0.00 A '. s . h. $ 173,000 $ 114.42 s ft ~~ $ 164,500 $ 135.17 s . h. '$ $ s fl Data Sources `/enfication Sources - - C CENTRAL PENN MLS CUMBERLAND COUNTY CENTRAL PENN MLS CUMBERLAND COUNTY `JAL'JE ADJUSTMENTS DESCRI TI N DESCRIPTION - SAdustmen DESCRIPTION -;Adustmen t DESCRIPTION - 3Ad ustment Sale dr Financin Concessions ;- ~~ CASH NONE KNOWN CONVENTIONAL CLOSING COSTS -4 00 Date of Sale/Time 12/2006-36DOM ~ 612009-12 DOM !dcalion SUBUR N SUBURBAN SUBURBAN LeaseholtllFee Sim le FEE 51 LE FEE SIMPLE FEE SIMPLE Site 0.28 AC S 0.17 ACRES +1,00 0.20 ACRES view RESIDE IAL RESIDENTIAL RESIDENTIAL Oesi n ~S le 2 STO 2 STORY 2 STORY Ouali of Construction AVG/F E AVG/BRICK -4.00 AVG/FR/BRK -2 00 ActualA 49 Y R 74 YEARS 71 YEARS Contlitron GOO GOOD G000 Above Gratle Total Bdrms the Total Bdnns Baths Total Bdnns Baths Total 6dnns Baths Rdom Count 7 2/3 n .5 6 3 1.50 5 2 1.50 Gmsslavin Area 1799 .ft. 1,512 ft. +5.74 1,217 s.1. +11,64 s.ft. 9asement & Finished Rooms Below Grade FULL B FAM RM D T N FULL BSMT UNFINISHED +3 00 FULL BSMT UNFINISHED +3 00 Functional utili AVERA AVERAGE AVERAGE • Heatin /Coolin HWBB/N E HWBB/NONE HWBBlNONE - Ene EMkient Items NON NONE NONE Gar e/Ca ort O OFF S R OFF STREET -1,50 1 CAR ATT -3,50 PorohlPatio/fleck COV POR CK COV POR.PAT COV POR PAT i SHE '~ FIREPLACE -2,00 FIREPLACE -2,00 APPLIAN S APPLIANCES APPLIANCES NetAdustment Total X - $ 2.240 X - - $ 3,140 $ 0 Adjusted Sale Pdce of Cam arables l ' ~' ~ ~ Net Adj: 1 % i Gross Ad~ 10% N $ 175,240 G et Adj: 2% ! N ross Ad': 16% '$ 167 640 G et Adj: 0% ross Ad~: 0% ~ $ 0 Re rt the results of ,he researoh and an s of he nor sale or transfer histo of the sub'ect ro and cam arafNe sales ITEM ~ ~' SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Date of Prior Sale/Transfer NE PAST 3 NONE PAST YEAR NONE PAST YEAR Pace W Prior Sale/Transfer ~ YEARS DataSdumss CUM RLAND COUNTY CUMBERLAND COUNTY CUMBERLAND COUNTY Effective Date of Data Sdurce s OV. 2009 NOV. 2009 NOV. 2009 Anal sis of nar sale dr transfer histo of sub t ro antl com cable sales I Summa df Sales Com orison A roach ClickFORMS Appraisal Software 600-622-6727 Page 4 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No. JENSEN vntrvrm rtestvenuat 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 plannetl unit development (PUS) 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 subtect to the following scope of work. intended use, intended user, definition of market value, statement of assumptions and limting wnditions, and certifications Motlifieations, additions, or deletions to the intended use, intended user, defindion 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 gel~tions to the certfications are also not permitted. However, additional certifications that do not constitute material alterati~n5 to this appraisal report, such as those required by taw or those relatetl ro the appraiser's continuing education or memb~erghip in an appraisal organization. are permitted. SCOPE OF WORK: Tl{e (scope of work for this appraisal is defined by the complexity of this appraisal assignment and ^.he reporting requirements of this ~p~traisal report form, including the following definition of market value. statement of assumptions and limiting cond tidns, and certifications. The appraiser must, at a minimum: (t) perform a complete visual inspection of the interior and ekte'lInor areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at leas+ tqe street, (4) research, verify, and analyze data from reliable public and/or private sources. and (5) report his or her analy~isI opinions, and conclusions in this appreisal report. INTENDED USE: The in«erhded use of this appraisal report is for the lenderlclient to evaluate the property that ~s the subject of this appraisal for a rt~o~tgage finance transaction. INTENDED USER: The i~ttknded user of this appraisal report is the tender/client. DEFINITION OF MAR~~T VALUE: The most probable price which a property should bring in a competitive and open market under all conditions ray i~de to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by and a stimulus. Implicit in tMs definition is the consummation of a sale as Of a specified tlate and the passing of title from seller t quyer under conditions whereby' (t) buyer and seller era 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 $xl~osure in the open market, (4) payment is made in terms of cash in U. S. dollars or in terms of Financial arrangements comdarr4ble thereto; and (5) the price represents the normal consideration far the property sold unaffected by special or creativ¢ fjnancing or sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparebl~s must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs whccf) plre normally paitl by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the sal erliI pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to th~ comparable property by compadsons to financing terms offered by a third party institutional lender that is not already involy d'~,in the property or transaction. Any adjustment should not be calculated on a mechanical dollar far dollar cost of the finan~irjg or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or can e$sions based on the appraiser's judgment. STATEMENT OF ASSI~MPTIONS AND LIMITING CONDITIONS: The appraiser's certiecation in this report is subtect to the following assume ohs and limiting conditions: 1 The appraiser will not be resporsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that Ike!, or she became aware of during the research involved in performing this appraisal. The appraiser assumes that me title Is goad and marketable and will not render any opinions about the title. 2. The appraiser has provided a'slgetch in this appraisal report to show the approximate dimensions of the improvements. Tha sketch is included only ro a~sikt the reader in visualizing the property and understanding the appraisers determination of its s¢e. '. 3. The appraiser has examined b available flood maps that are provided by the Federal Emergency Management Agency (or other tlata sources) and has oked in this appraisal report whemar any portion of the subject site ~s located in an identified Special Flood Hazard r@a. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determin tit}n. 4. The appraiser will not give tes~rrjony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to a so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in mi ~ppreisal report any adverse conditions (such as needed repairs. tletenoretion, the presence of hazardous wastes, xlc substances, etc.) observed tluring the inspection of the subject property or that he or she became aware of during the re~earoh involved in pertortning this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no kn ledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited td,, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental condition , etc.) that would make Me property less valuable, and has assumed that there are no such wnditions and makes no guaren~e~s or warrenbes, express or implied. The appraiser wilt not be responsible for any such conditions mat do exist or for anN ejlgineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an ~xlpert in me field of environmental hazards, mis appraisal report must not be considered as an environmental assessment of Ithk property. 6. Tha appraiser has basetl his of hkr appraisal report and valuation conclusion for an appraisal that is subject ro satisfactory completion, repairs, or alteretion9 oh the assumption mat me completon, repairs, or alterations of me subject property will be performed in a professional m~nher. Freddie Mac Form 70 March 2005 Mae Forts t~04 Marsh 7(x15 ClickFORMS Appraisal Software 800-622.8727 Page 5 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No. JENSEN urnrorm rcestaenaat 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 requrements stated .n this appraisal report. 2. I performetl a complete visual inspection of the interior and eMerior areas of the sublect property 1 reported the condition of the improvements in factual; specific terms. I identified and reported the physical deficiencies that could affect the GvabiLty, soundness, or structural integrity of the property 3 I performed this appraisal inIaccordance with the requirements of the Uniform Standards of Professorial Appraisal Practice that were adopted anQl promulgated by the Appraisal Standards 9oard of The Appraisal Foundation and ".hat were in place a[ the time this appraisal report was prepared. d. i developed my opinion of th jnarket 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 tlata to develop a reliable sales comparison approach for this appraisal assignment. IlIfurther certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicatydlin this report. 5 . researohetl, verifietl, analy eQf, and reported on any current agreement for sale for the su6)ect property, any offering For sale of the sublect property in t q' twelve months prior to the effective date of this appraisal, and the prior sales of the subject property far a minimum of thre yiears prior to the effective date of this appraisal, unless otherwise indicated m this report. 6. I researched, verified, analy ed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of Me comp~r~ble sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the mast similar to the subject property 6. I have not used eom parable ales that were the result o/ combining a 'and sale with the contract purchase price of a home that has been built or will be built on tFle lantl. 9. I have reported adjustments property and the comparable s 10. I verdietl, from a dismteres the sale or financing of the suh 11. I have knowledge and expe 12. I am aware of, and have ac services, tax assessment reeor 13. I obtained the information, reliable sources that I believe G 14. I have taken into Considere' property, and the proximity of tt have noted in this appraisal rep presence of hazardous wastes, subject property or that I becart adverse conditions in my analy; marketability of the subject pro{ 15. I have not knowingly withh statements and information in 16. I stated m this appraisal ere subject only to the 855u comparable sales that reflect the market's reaction to the differences between the sublect source, all information in this report that was provided by parties who have a financial interest in ProPertY ice in appraising this type of property in this market area. s to, the necessary and appropriate public and private data sources, such as multiple listing public land records end other Such date sources for the area in which the property is located. Hates, and opinions furnished by other parties and expressed in this appraisal report from true and correct. the factors that have an impact on value with respect to the subject neighborhood, subject ubject property to adverse influences in the development of my opinion of market value. I any adverse conditions (such as, but not limited to, needed repairs, deterioration, the is substances, adverse environmental conditions, etc.) observed during the inspection of the ware of during the research involved in performing this appraisal. I have considered these tf the property value, and have reported on the effect of the conditions on the value and significant information from this appraisal report and, m the best of my knowledge, all raisal report are true and correct. ,y own personal, unbiased, and professional analysis, opinions, and conclusions, which and limiting conditions in this appraisal report. 17. I have no present or prospe vle interest m the property that is Me sublect of this report, and I have no present or prospective personal interest or ies with respect to the participants in the transaction. I did not base, either partially or completely, my analysis andlor pijnon of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, h, national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of a properties in the vicinity of the subject property or on any other basis prohihited by law. 18. My employment and/or eom rlsation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understand n ,written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimu v~lue, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or oxurtence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all Con lu~ions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraise assistance from any individual or individuals in the pertormance of this appraisal or the preparation of this appraisal rep rt,l, I have named such individual(s) and tlisdosed the specific tasks performed in this appraisal report. I Certify that any individual so na ejd is qualrfied to perform the tasks. I have not aumarized anyone to make a change to any item m this appraisal report; Merefore~ ahy change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in Vjis appraisal report who is the individual, organization, or agent for the organization Mat nwwe mau ruins ru inemn tUUO r8nnle Noe Form lUU9 Malch 2UUa ' ClickFORMS Appraisal Software 800-622.8727 Page 6 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS File Nc. JENSEN Case No. 317 CAROL Uf11TUfIT1 rteslaenual 2f. The lender/U lent may disclose or disMbute this appraisal report te: the borrower; another lender at the request of the borrower, the mortgagee or its successors antl assigns, mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality bf the.. United States: and any state, the District of Columbia, or other jurisdictions, wdhout 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 disknbuted to any other parry (including, but not limited to, the public through advertising, public relations, news, sales, or othef media) 22. I am aware that any disclo ufe or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further. ~ dm also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or di~`ltrdbution by me. 23 The borrower, another IengeQ at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsor~denterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance trans c~ion that involves any one or more of these parties. 24 If this appraisal report was Itr~nsmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal ar~d.~ar state laws (excuding audio and videe recpMings), or a facsimile transmission of this appraisal report containing a c~p~/ or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper versron of this ~pprersal report were delivered containing my original hand written signature. 25. Any intentional or negligen~`` rtjisrepresentation(s) contained in this appraisal report may result in Uvil liability andlor criminal penalties including, 6u~ rjot limited to, fine or imprisonment or bath under the provisions of Title 18, United States Code, Section 1001, et seq., o s{miler state laws. SUPERVISORY APPR,I4,SER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that 1. I directly supervised the app~ai$er 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~th~e contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and t e iappraiser's certification. 3, The appraiser identified in th~ 8pprcisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified top rf~rm this appraisal, and is acceptable to perform Nis appraisal under the applicable state law 4 This appraisal report complie (WIith the Uniform Standards of Professional Appraisal Practice that were adoptetl antl promulgated by the Appraisal S amdards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. i ', 5. If this appraisal report was tr n#mitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal an /c}r state laws (excluding audio and video recordings), or a facsimile transmission of this appreisal report containing a co y~~or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of thi a praisal report were delivered containing my original hand written signature. APPRAISER Signature Name Company Name_ Company Addross Telephone Number Email Address SG Date of Signature and Report Effective Date of Appraisal _ State Certification # or State License # or Other (describe) State Expiration Date of Certification ADDRESS OF PROPERTY State # 08/30/11 APPRAISED VALUE OF SUBJECT PROPERTY $ 175,000 LENDER/CLIENT '. Name Company Name KEYSTONE UARDIANSHIP SERVICES Company Address ~ P. O. BOX 804 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Name Company Name _ Company Address Telephone Number Email Addross _ Date of Signature State Cartifieatlon # or State License # Expiration Date of Certfication or License SUBJECT PROPERTY Did not inspect subject property Did inspect exterior of subject property from street Data 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 eMenor of comparable sales from street Date of Inspection rreeme mac rpnn rv man;n [uuo Fannie Mae Form 1004 March 2005 ClickFORMS Appraisal Software 800-822-8727 Page 7 of 77 SCOTT ARCHIBALD REAL ESTATE APPRAISALS File No. JENSEN Market Conditions Addendum to the Appraisal Report Case No 317 CAROI The purpose bf Itlis adtlentlum s t0 provide me lender/client with a Ck:ar and accurate understanding of the market trentls and conditlons prevalent in the suolect aei hbomOOd. this ~~s a re wired endum for all a praisal re arts with an etfectlve data on Or after A nl 1.2009. ?roe Address 317 CAROL ST. Ci NEW CUMBERLAND Slate PA. Z!P Cotle 17070 Borrower JENSEN SVENO 8 FOWLER BARBARA A. Instructions: The appraiser must ~jse Me ~,nfortna[ion required on Cris bnn as the bans `or hisrher conclusions and must provide support for chose conclusions, regaMing housing vends and Overall market cpnditions as reportetl in the Neignbomood section of the appraisal report form. The appraiser must fill ~~n all :he :nPormation ;o the extent d is available and reliable and must !provide analysis as indicated below. If any required 9ata 's unavailable Or ~s consitleretl unreliable, the appraiser must provide an e%danall0n. It'; reCOgmzed That riot all data 50urC8e will be able td provide data fat he shddetl areas below' if a's avatlable. hdweVer the appraiser must.nClude that data in'he analysis. If data sources provide. all the required Information as 3n average In;teatl of the metlian. the appraiser should report the available figure and identify a as an average. Sales and listings must oe'prOpertes !hat compete with re sublect property. detenninetl oy applying [he criteria !ha(•xould be used oy a prospective buyer of the ;ub t rt The a raiser mu a lam an anomalies'n ;he data such as seasonal markets, new construction, foreclosures. etc. M Prior 7-12 Months ?rior 4d Months Current - 3 Months Overa ll Tend Total # of Cam arable Sales Settl 12 9 13 Increasin X Stable Declinin Abso tion Rate Otal Sales/Month 2.0 3 0 a 3 Increasin X Stable Declinin Total #of Com arable Active Listin Months of Housin Su otal Gs ~n's/Ab. Rate 22 -"i1.00 13 4:33' `. 13 3A2 ~ i~ '`- ~ X $ioby Sfatib I ' I -- ~YdaSWls ilht ~.OOr' 1i Prior 7-12 Months Pror a-6 Months Cunent- 3 Months Overal l Trentl Median Com arable Sales Price 171 500 179.300 162 000 Increasin X Stable Declinin Median Com arable Sales D s On ~ a ket 68 6 14 Declinin X Stable !ncreasin ~~ Median Com arable List Price t7 400 :-189000.: 179.900 -.!! 1 X :SNWe~ ~" '~ Median Com arable Ustin D s on M ket 57 1~5. 71 ~ $tatils Median Sale Price as °A of List Price 94°k 95°h 97% Increasin X ' Stable Declinin ' Seller- deveb er. builder etc id n ncial assistance revalent7 Yes X ND Declinin X Stable Increasin Explain in detail ;alter concessions t condo fees o Cons. etc. ribs for the past 12 months (e.g. seller contnhutions mcroased from 3w° to 5°6. Increasing use of buytlowns, Closing Costs OMES THAT SOLD WITH S L ER CLOSING COSTS AND PERCENT OF CONCESSIONS =CURRENT- 3 MONTHS PAID 2.9°k 4 - 6 ONTHS PAID 1.9°i6 6 - 12 M LATHS 3.6% Are foreclosure sales REO sales a f r ~,n me market? Yes No It es ex lam includin the !rends !n listin 5 antl sales of foreclosed ro elves NFORAMTION IS NOT AVAIL LE IN THE NORMAL COURSE OF BUSINESS. Cite data sources for above informati rt' CENTRAL PENN MULTI LIST EARCH PARAMETERS =DETACHED SINGLE FAMILY HOMES IN THE BOROUGH OF NEW UMBERLAND, IN THE PRIC Summarize the above intpnnaii0n as an anal sis of endin sales, and/or a ANGE OF $150.000 - $220,000. udpod for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such as and vnthtl2wn listin s, b formulate Our Conclusions, roviCe oath an ex lunation and su art for ourconclusi0n5. HAVE CONSIDERED THE O ERALL MARKET CONDITIONS TO BE STABLE CONSIDERING SEASONABLE MARKET TIMES FOR HE PAST YEAR, If the suti t is a unit in a condominiu o coo redv e m' ct, cam late the Pollovnn : Pro act Name. Su °ro'ect Da Prior 7d 2 Months Prior 4-6 Months Current - 3 Months Overall Trend Total # of Com arable Sales Settletl ' I Increasin Stable Declinin Abso tion Rate otal SaleslMOnths Total # of Alive Com rabla Listin s _ _ .. Increasin Stable - .-Sl~hle„a t -' Declinin .... Monhs of Unit Su I Total Listin /A Are foreclosures sales (REO sales) a f o(ioreclosed ro ernes. . ate ~ ~'~ ~~'_~ • ~ ~ ' _. -?... ~• ~ ;, Idr!n Cie projecln ~ Ves No If yes, indicate me number of REO listings and explain the trends In listings and sales Summarize Cie above trentls and atltlre s Ithe .m ton thew t umt and ro act. Signature Signature A sec Name P. OTT ARCHIBALD 5u rvisor Name Com Name SCOTT ARCHI D REAL ESTATE APPRAISALS Com Name AdtlrecS 4454 DUNMO E''DR. HARRISBURG PA 17112 Cam Atltlress Slate License/Certification # R - 00080-L State PA. State Ucense/Certificalian # State Email Address sco r¢hibald varizon.net Email Address redbie Mac ronn n March mug '. ClickFORMS Appraisal Software 600-622-6727 Fannie Mae Farm 1p04MC Maroh 2009 Page 8 Of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS SKETCH ADDENDUM File No JENSEN Case No 317 CAROL Borrower JENSEN SVENO & FOWLER BARBARA A. Pmoerty Address 317 CAROL ST. i ~' it 24.5' I ~' I ~ i ~'~ BATH BEDROOM ~ i 26.5' 26.5' i I BEDROOM BEDROOM I (COMBINEDINi01 BEDROOM) I ~ ~ I 24.5' I I i '.~ 23.5' 6.5' I 6.5' I ' i1 KITCHEN 1.0' I I i/2 BATH DINING ROOM FAMILY ROOM I I 14.5' 26.5' i ~ 2a.0' ~ LIVING ROOM 11,0' I i I 24.5' I I ' SKE7CN CPLCUUUION$ A1N I I ' -'. i Al 23.5 z 6.5 = 752.8 i ~ I A2 24.5 x 1.0 = 24.5 ~ i ~ I A3 ~ d6.5 x 14.5 = 703.3 ~ ~ A4 . 24.5 z 71.0 _ 269.5 I j Fit9t Floor 1150.1 ~ i ~ A5 24.5 x 26.5 = 669.3 ~~ I i i i~ I 'i$ :Second Flaw i 649.3 I Tod Wing Ana 177!.4 ~ ' OIicKFORMS Appraisal Sattware 600-eZ2-BlZ7 Page 9 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS LOCATION MAP ADDENDUM File No. JENSEN Case No 317 CAROL 3orrower JENSEN, SVENO ~ FOWLER BARBARA A. Property address 317 CAROL ST. Ci NEW CUMBERLAND Coun CUMBERLAND State PA. Zi Code 17070 Lender!Client KEYSTONE. UARDIANSHIP SERVICES Address P. O BOX 804 ELIZABETHVILLE PA. 17023 i . ~:_:- i Y~l~~ ' ~[ t~ i Wor(nkeysburg ,•, g ~ Harrisburg ~~ ..1•.+~~ ~ t{= r.° F 't t 'P. .Lemoyne ~~` 23¢ ~!y ' ~`~ 42 ~ :. ...•= ~~Yg vim. I { ~_` - - . SE I,r~ ~•".r-y` ..f~ ark ~, i ~~ _ V d ~ •, I 581, ^~ s ~ 'r SALE ':. r4t.`~t~ St .S:~s~~ueAar.,na 6 i ~r .5 ~~ ~, ~~ ~ ~-~ 2 ~" ~~ ~~~ ~ p . ~, ti,~,~ a t, -_ ~~` •+'~. ' ~-- , '~ ~ ~~ tiyS'' Mew 4t t!~ . ~ ~ 4 ~ $1 t Cumberfattd '~ ~.~• ~~~ 5tmPSOa-Earru. ~ ~ .~iS`~ps ' .: _ u Dre><ei Hills ~~, .~ ~ ~ ' -~ _- ~' _ x _ gP9endale _, ~... .., .~ ~~ . '~~ Q _ _ i - ~ ~ ,yA' SALE t ;e~~ li _ ~}. a ' -.. - 'y ~ Ga ~cr$ '~- ' . •~ _ .~ ~l: coy -_ - - ~ __ i r~ekFfrrftu ~ ~ ~~Z __ - i 9~•'t ~ .a----" ~ = -' .r 1.. , " -398 _ ^« t~s~Nw .~MjarRle stlas,lnc. 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. FRONT OF SUBJECT PROPERTY 317 CAROL ST. NEW CUMBERLAND, PA. 17070 REAR OF SUBJECT PROPERTY STREET SCENE Page /1 of 17 GIICKh V KMJ APPfel581 SORWefe tl(]O-fiZZ-9 /Z / SCOTT ARCHIBALD REAL ESTATE APPRAISALS SUBJECT PHOTO ADDENDUM File Na. JENSEN Case No. 317 CAROL Borrower JENSEN SVENO 8 FOWLER BARBARA A. P~opertY Address 317 CAROL ST City NEW CUMBERLAND County CUMBERLAND Slate PA Zip Code 17070 Lander/Client KEYSTONE GUARDIANSHIP SERVICES Address P. O. BOX 804 ELIZABETHVILLE PA. 17023 DETACHED SHED ClickFORMS Appraisal Software 800-622-8727 Page 12 of 77 COMPARABLE SALE # 230 WOODLAND AVE. NEW CUMBERLAND COMPARABLE SALE # 427 16TH ST. NEW CUMBERLAND COMPARABLE SALE # 512 HARDING ST. NEW CUMBERLAND Paga 13 of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS COMPARABLES 1-2-3 File No. JENSEN Case No 317 CAROL ClickFORMS Appraisal Software 60022-8727 COMPARABLE SALE # a 1714 BRIDGE ST. NEW CUMBERLAND COMPARABLE SALE # 5 1729 ANNA ST. NEW CUMBERLAND COMPARABLE SALE # 6 Pgge 14 Of 17 SCOTT ARCHIBALD REAL ESTATE APPRAISALS COMPARABLES o-5-6 File No JENSEN Case No 317 CAROL CliekFORMS Appraisal Software 800-622-8727 SCOTT ARCHIBALD REAL ESTATE APPRAISALS USPAP COMPLIANCE ADDENDUM File No JENSEN APPRAISER'S CERTIFICATION: The following Certifcation statements are m addition ro and may supersede the signed Appraisers Certiticahon attached to this appraisal report. This Appraiser's Certification is cdmpliant with the current edition of the Uniform Standards of Professional Appraisal Practice I certify that, to the best of my kngwledge and oelieE The statements of fact contained in this report are true and correct. The reported analyses. opinionsl and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professio a analyses. opinions, and conclusions. I have no present or prospective i~terest in the property that is the subject of this report and no personal interest with respect to the parties involved. I have no bras with respect to the rbperty that is the subject of this report or to the parties meowed wmh this assignment. My engagement in this assignme t was not contingent upon developing or reporting predetermined results. ~~ My compensation for completing his assignement is not contingent upon the tlevelopment or reporting of a predetermined value or direction in value that favors the cause of the liant, the amount of the value opinion, the attainment of a stipwatetl result, or the occurrence of a subsequent event directly related to the intend d use of this appraisal. My analyses, opirnons. and con fusions 'were developed, and this report has been prepared. in conformity with the Uniform Standards of Professional Appraisal Practice. ' I ^have I^have not made a p~rSOnal inspection of the property that s the subject of this report. (If mare than one person signs this certification, Ne certification must clearly sped I yvhich 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 certificatton. (If there are exceptions, the name of each individual providing significant real) property appraisal assistance must be stated.) PURPOSE, INTENDED USE, AN INTENDED USER OF THE APPRAISAL: The purpose of the appraisal is to stimate the market value of the subject property, as tlefined in this report, as of the effective date of this report. The intended use of the appraisal i t0 assist the Gient and any other intended users in the underwriting, approval, and funding of the mortgage loan. The intended users of this report a e!the stated client and any other institutions involved in [he underwriting ,approval, and funding of the mortgage loan. No one else, including the pu cfjaser 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 infor ation gathered by the appraiser from public records, other itlent~ed sources, inspection of the subject property and neighborhood, and selection domparable sales, listings, andlor rentals within the subject market area The original source of the compare IE data described in the Data Source section of the market grid along with the source of confirmation provided, whet available, the original sourc ig presented first. The sources and data are considered reliable. When conflicting information was provided, the source deemed mast reliable ha been used. Data believed to be unreliable was not included in the report or used as a basis for the value conclusion. The eMent of the aria y9is 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 t isi. report, is not the same level of inspection that is required fora "Professional Home Inspection". The appraiser does not fully inspect the electrical yatem, plumbing systems, mechanical systems, foundafion system, floor structure, or suhfioor. The appraiser is not an expert in construction mater al$ and the purpose of the appraisal is to make an economic evaluation of the subject property. If the client needs a more detailed inspection the property, a home inspection, by a Professional Home Inspector, is suggested. DIGITAL SIGNATURES: ~~' The signature(s) affixed to this re ort. and certification, were applied by the original appraiser(s) or supervisory appraiser and represent their acknowledgements of the facts, op pions and conclusions found in the report. Each appraiser(s) applied his or her signature electronically using a password encrypted method. Henc these signatures have mare safeguards and carry the same validity as the individual's hand applied signature. If the report has ahand-applied sig inure, this comment does not apply. OPINION OF MARKET VALUE VS~ EISTIMATE OF MARKET VALUE: Tha current Uniform Standards of rofessional Appraisal Practice defines the market value conclusion as an opinion of market value and not an estimate of market value. THREE YEAR SALES HISTORY F ~ THE SUBJECT PROPERTY: The appraiser has complied with S rldartls Rule t-Sb and 2-2b (ix) requiring the appraiser to analyze and report all sales of the subject property that occurred within the three (3) ye r6 prior ro the effective tlate of the appraisal. If this information was available to the appraiser(s), it is reported in the subject column of Sales Co panson Analysis aectian of the appraisal report. i EXPOSURE PERIOD: ~. By studying the sales of similar co parable residential properties with value ranges as identified in the Neighborhood section of this report and discussions with individuals knowle geable of current neighborhood trends in the subject area, the appraiser feels that the exposure time for the subject property is equal to Ne indicated Marketing Tme identified in the Neighborhood section of this appraisal report. Ii Si nature Signature ^Did ^Did Not Name P. SCO ARCHIBALD Name Inspect Property Date Ra rt Si ned OV. 4 2009 Date Report Sicned State Certification q PAR - 00060-L State PA. Stets Certification M State GIICkFOtiMS Appraisal sornvare suo-fizz-erzr rage is or n I- I r ~. i _.... __ _.. .._ _. .. ~. I r4 J f it i .__ _. _... __ _.. f"A''IA!-a '$ ~ I ~.. ~.. it tf ~! I C~ammoncwcalth of f?cnnsz Ivaaia ~ ~ ~ :`' ~ , ~ ~'y :~ ~ ; ? ,a Uepw~tweut of Mate ~+ j '^ Bureau of ProFe~s[enal and @Scutµational Aftr;rr '~ }~' PO floc _'"619 flerrfshur, P t I?l9+_*t+39 I .y~, - C'ercificareT}p (erutir~m~rsfus s ~ a. Cartifiad Res?d~ntial Appraiser Active ~, y 1-' y, r ,. i Initial ('artificatian bete ~; i ~ ~ I i5V199i ;, U? ~ y. crtificaxc t PSCJTT ?RCRIBA~ ' ` i +t,.. JiSM1 OUlNNORE CRI E,. :NI117111er X ~ WlAR15BURG PA 1 ~ 12 r F RLOf}Of}60! ~ Lspiralion I)ra ' ~~ ~! a , ~ O613012D?? ' ~ 1 I _ '~ X7 ' I ' ~~ ~ (l ~' _. !v !" ~ f {~~~ ' ~ "tai [.r a•.~rlc r u JL'.ti.:l'4311rN]. l_. .]'. r~ . 1 ClickFORMS Aooreisal Software BQO-622-8727 Pa]e 16 of 17 P SCOTT ARCHIBALO APPRAISAL LICENSE Flle No JENSEN Case No. 317 CAROL ERRORS AND OMMISION INSURANCE File No. JENSEN Case No 317 CAROL Borrower JENSEN, SVENO & FOWLER BARBARA A. __ Property Address 317 CAROL ST. Cit NEW CUMBER ND Count CUMBERLAND State PA Zi Cade 17070 Lender/Client KEYSTONE UARDIANSHIP SERVICES Address P. O BOX 804, ELIZABETHVILLE, PA. 17023 i i_ __ Sate ey.r-H __ _~.... FaOih:Y .4u r'rCLr' ~'f `.l[.;:5 ~:~I I.:'. '1 .r!+".M" _ ..._ y I i '. iiii.i' L? '41-~ :1P~iE.>f L ~`+ ~_7i~i-'~'.'::li.i\.lj !..i.l 3i; I~~ t I _7 1 l r74 ..~. i nsure I : :rr, ~y • x ~~..::iati a t;: 1:. , ~ - ..:~~. ,ir i .. .. 1 -v, _t ~:?6:.:: . _~ tEe RE.iD .. Klrg'.x t. i i .'. -._ i II B ii d r~f.: _.. _. - _ _._- ~\..: ltt V/:L'. L>\UIRH RI r_i4~. C]t ..htrem .all i '=11.~ ~: ~,munu•~' .: 1 I !•<n L7ECl.aZ.lTiti~~ .. ? »!amcr ll~. r. i Vrnwd Ir»u,~ed l .-s .raro~;: i:T ~' ~ -'.... t---_ __ - ! - i'nhc+ Per ,~; ___. ' _ ri , '.4 •t~raJ:c.~ r i _~ ~.le~ ,du . •anGt: r. j ... .. rleJucG6let pljiltll, i?.r. n ;..o_.rx ~'~, i. .:.nits tll Lix~+i~ix.- --_ .-, _ _ :Sa ixm n. ul LiaL a !ur P,~eL ! 'ara cud ~:, l ..''.46.~u !'' h'i,-. ...nr rltt l°~=1:ale rc rErWied '.!} T)vnak(-. xnu }•n ,n. I Ls.: ;a_ "saint. r'cp:•n rec :l. JrAin Hl .n.xm i'•.qr: - ltuil .W Vuri~•y rn r~ of - t.iahiGrt' :nWU•nnr'tr arinnnia/riPlrx ' LuUr .~uprnpn zrn rr ', tinnro ISuritura- i'sl{rur'oia lilnP '. iAeii a4fM1n2~4: hate' '1{It5` +n3~1m5: r ~- Yumhrr tt 7 nl'u.er': ~ .. _ ' ~ !') r,t~nl{ Off irft R s1 iAtl! .-.. ' ,,:LUi ._- '- ~~ F .tiMll '• r t,ll'r1I'nr trill. ;fl 111 ..I.i i -\' i-:ilx'. r L,SlL?i m' U i i -ra ar '.. _.:. + I _..._ , ?•dic +q tTr. x~ttlltn el ..^-'~ it i .... .. ~ ''[a .._t~tir { .r . Irir- .: ir' ~.__ _ h11 .'. Sf~.b'M1C'~ TI(+CM. : m. ..,< ,W 'm •n~..~f.'; ._~_ -_~ ,~~e ,/~~t~'r~• ~I', e ,1 ~ ~ . t~ ClickFORMS Appreisal Software 800-622-8727 Page 77 of 17 FE8 25,1010 ~ ' ~' TAR MATTER OF TSfL' ABPOINTI~NT OH' 71 GUARDIAN a'O~t, EVEN O. JEN8EN, ALLEGED INCAPACITATED IN~~lVIDUAL IN T8E COURT OS CODAIDN HLEAS DAUPBIN COUNTY, PENNSYLVANIA ORPAAIQ$ COURT DIVISION NO. 21-09-0807 ORDER OF COURT .~ AND NOW, this ~! 3C ~ day of M 0.~L~ , 2018 , upon consideration oflthe attached Petition to Sell Real Estate it is hereby directed Itihat Keystone Guardianship Services, the Plenary Permanent Guardian of the Estate of Sven 0. Jensen, be allowed to sell 317 Ca~a~l Street, New Cumberland, Cumberland County, Pennsylvania (P~xjcel No. 26-23-0593-030) owned jointly by Sven 0. Jensen and hill' wife, Barbara Fowler, "As Is" for no less than One Hundred Se~~nty Nine Thousand (5179,000.00) Dollars to ensure liquidity' to pay for the continuing care of Sven O. Jensen and Barba~t~ 0. Fowler. Distribution: I Rebecca J. Margerukn~, Esquire 4054 Route 22S '' Elizabethville, PAj'17023 Keystone Guardians~~ip Services Constance E. Stone pad P O Box 809 Elizabethville, PAI',17023 BY THE COU`~RT, BY : ~ `v J. ~ . s ~o h ~`'~ . ~ ~ tv ~. -_ ~J C= J ~ 8 N $ , ~ ~s : . A TRUE COPY FROM RROOAO In 7setimony wM~ot, I he/M{p1~p set my hand And the aev of sakl(Court at Cadlsle, PA Th' r~ yct 'C1.. _... . Cwnb~C aq- - . ~~~ lil W a ~ . ORPHANS' COURT DIVISION COURT OF COMMON PLEAS OF In Re: SVEN O. JENSEN CUMBERLAND COUNTY PENNSYLVANIA .. i , ~I N0.21-09-0807 CERTIFICATE OF SERVICE OF ORDER ORDER DATE: 03/0_ 3/ID JUDGE'S INITIALS: MLE { TIME STAMP DATE: 03/03/T IN RE: ORI,~EId_~F COURT .........................................~,h....,..,.........,.....,,.,....,........,,....,....,..,.,.......,...,,,,.,..,.. SERVICE TO: REBECCA J IyIj~RGERUM ESO rri~venirc riTrTeunreircuro cl:uvrrFc METHOD OF MAILING: ~ ~, ENVELOPES PROVIDED BY: ®USPS I ®PETITIONER RRR ^ JUDGE g HAND DELIVERED ~I ', ^ CLERK OF ORPHANS COURT ~ ^ OTHER. I MAILED: O3 03-]0 SERVICE TO: r - METHOD OF MAILING: I ENVELOPES PROVIDED BY: ^ USPS III ^ PETITIONER ^ RRR ' ^ JUDGE ~ ^ HAN1~ DELIVERED i ' ^ CLERK OF ORPHANS COURT ^ OTHER ', i MAILER: ~, Deputy ', ', I Clerk of Orphans' Court MEMO TO: DPW FROM: Keyst~~e Guardianship Services Court ppointed Guardian of the Estate of Sven O. Jensen P O B 804 115 .Broad Street Eliza hville, PA 17023 Office hone 717-674-5757 RE: Bazba~aj Fowler's Medical Assistance Application Item # 9 A The Court Appointed) uazdian for Sven O. Jensen, Keystone Guardianship Services and the Power of Attorn~ for Bazbaza Fowler, Alexandra Young, listed the real estate to be sold at public auctio n April 19, 2010. The Guardian had C ~ Approval to sell the property for no less than $179,000.00 the highest bid was $10500.00. The Guardian rejected all bids and withdrew the real estate from the auction bloc After meeting with th~e'Ireal estate agent, the Guardian concluded the following: 1. Matters th~~bring the Real Estate down in value for size and location: a. No cent al air b. Nog 'ale or off street parking c. 2 bedr ~ms Cana ertise as a three bedroom home, listing the addition on the first floor a' ja master bedroom suite; however, this could be an issue with the apprai 1 for a lender d. water ' ,basement (minimal but obvious) 2. The real e~t to climate has changed drastically over the past six month due to govenune real estate stimulus incentive program a. it put ~ ny properties on the market driving down real estate values b. potent'a~ first time buyer market has been exhausted 3. In compaz~ g the Jensen real estate to other listed real estate in the community similar av i~able properties but better maintained are listing at $179,000.00. These typ~s of properties are smaller in size but might have central air; three bedrooms; ~azage; updated interiors. 4. To list the, property "AS IS" is a draw back because most buyers interested in this size real estate are first time buyers going through FHA. 5. Buyers lo~l~ing for this type real estate will also be looking for help with closing cOS~s up to $5,000.00 In conclusion to try t~ increase the value of the real estate the following should be considered: 1. Remove all r arcing unsold items out of the property 2. Reinstall the ors between the dining room and the addition. 3. Hire some on ~o "scrub clean" the property 4. Mulch the 1 ~caping; trim etc 5. If listed with $~eal estate agent one should be prepazed to help with closing and be aware oft ej commission of at least 5 '/~% - 6% plus the regular transfer costs. Until all is ac ¢mplished the costs not including the $5,000.00 buyer's credit could run app ~lximately 8% of the sale price. Presently, the Guardi and the Power of Attorney are entertaining offers prior to listing the real estate with a ~al estate agent. F:\~OCS\Eat\COS\dense~.5ven - Conditions of Sale.vpG YN THE MATTER OF THE PUBLIC SALE OF THE PROPERTY OF SVEN O. JENSEN I' BY KEYSTONE GUARDIANSHIP SERVICES i i CONDITIONS OF SALE 1. The rgal estate being offered for sale is 317 Carol Street, New Cumb ~tland as described in the attached exhibit and in Deed Book Z, vol~idne 30, page 334. 2. The property will be sold to the highest bidder as determined by th~'~ auctioneer. In the event of dispute as to the highest bidder, t1~e property may, at the option of the seller, be put up again at ',a former bid. The seller reserves the right to reject all bids lu!~til such right is waived, which waiver will be announced by the',a~uctioneer. 3. The pu$~haser will pay ten (10~s) percent of the purchase price bid at the~time the property is stricken down. The balance of the purchaserice shall be paid on or before forty-five (45) days after the d~$e of the auction, at which time the deed will be delivered. 4. Title ,will be good and marketable fee simple title, subject only to ~~isting easements and rights of way for highways and utilities, i zany, and any building and use restrictions in the chain of title affecting the premises which do not interfere with its use as a sinc~~e family dwelling. No warranty is made as to the zoning which may Ye in effect for the property. Possession will be given at settlem~#~t. 5. The pr~~erty is being sold on behalf of the owners, Sven 0. Jensen and hi~sl wife, Barbara Fowler, pursuant to Order of the Court of Common ',leas of Dauphin Count. Keystone Guardianship Services is the o~urt appointed guardian of Sven 0. Jensen and has been directed tol~ell the property on behalf of Sven 0. Jensen and Barbara Fowler. ',Therefore, if the highest and best bid does not reach the reserv~',approved by the Court, the bid will be held by the auctioneer am¢i the deposit will be paid and the agreement will be signed by tl~~ highest bidder. However, the bid will be presented to thel~ourt for consideration. The deposit monies paid will not be refur~c~able unless the bid is rejected by the Court. If the bid is accept~gd by the Court, the contract will be accepted and signed by Keystarie Guardianship Services and the Purchaser will have forty-five X45) days from the date of acceptance by the Court to settle on the property. -1- s 6. The pu,richaser expressly acknowledges and understands that the purchasb is buying the property in its present condition and that the self r makes no representation or warranty of any kind whatsoever with Iregard to the condition of the premises or any of the components t ereof, including, but not limited to, the roof, the electrical s~ tem, the plumbing system, the heating system, or any other parts ro the structure or any of the improvements on the land. The sellejr~ makes no representation or warranty with regard to insects or ink ct infestation or any damage resulting therefrom. The seller makes',~o representation or warranty with regard to radon or the levels t~~reof, or with respect to any type of insulation which may have b~~n used at any time in the property. The property is being sold "als,is" at the time of the auction, and at the time of settlement. 7. Seller',~as no knowledge of lead-based paint and/or lead-based paint hazards in the housing and has no reports or record pertainirn to lead-based paint and/or lead-based paint hazards in the ~ using. Purchaser waives any ten (10) day lead-based paint' ssessment period. 8. Taxes w~~l be prorated to the date of settlement, with the school tax being prorated on the fiscal year ending June 30th and the Borough and ~ unty taxes on the calendar year. 9. All real~y transfer taxes will be divided equally between the parties. ', 10. The ha~~ money deposited when the bid is accepted will be forfeited as liq~ dated damages in the event the purchaser fails to make settlement s'~ agreed. 11. The sa~~ includes no items of personal property. 12. The se~~er will continue to bear risk of loss from fire or other casualty'covered by insurance until settlement. In case of damage to thel,~premises by fire or other casualty prior to the settlement, purd aser shall have the option of rescinding this agreement and obi fining a refund of the hand money or of settling and obtaining f~~m the seller an assignment of the insurance proceeds. 13. Purchaser is responsible for obtaining financing, and this contract isjin no way contingent upon the availability of financing. The feller will not pay points, settlement cost, or -2- otherwise render financial assistance to the purchaser in this regard. 14. The P percent buyer p settlement. 1 S. % dJ£ ~YtC~ ^F S J/J `, t, ~ ~c~: ~~~,~~~ zG. CICS~. C ~ ,I ~ ~> >~ l ~, ~~~ hereb estat s 1~/ .hoG conditions of sa~L sale. WITNESS, myi,i 2010. ~ c: [ C {" , ~~ ~ ~ ~ that I/we have become purchaser of the real rove, sold at public sale at the price of id further agree to be bounded by the terms and as set forth above and publicly announced at the -i ~ it hands and seals this ~ day of !` ~L~~ , Iii !„--. i Buyer ,~- RECEIVED of~~l ~~~' ~, ~ ~~ j- ~ ~ ~ ~"~ Y the sum of $ ~ 3 ~ S .C~~, deposit referred to in the foregoing conditions of sa~~. i /~- i Constance E. Stoneroad, President -3- ~~chaser will be responsible for a three (30) mium to be paid to the auctioneer at the time of /. 1 ~- ~ c Y. ~ 4 r.. :~ ~i ~ 7 ~ G rt £ C J- L.i l (~ 4 .~ 4 -~ ~. ~~ C 'rC . j tt 4.. C~ i.C. C ! 4r~£.}. KEYSTONE GUARDIANSHIP SERVICES ~Itir v~ust _ By Ir"~'E~~~ NSTANCE E. STONEROAD, PRESIDENT, ~H-~i COURT APPOINTED GUARDIAN OF jj SVEN 0. JENSEN I/We, '~ ~:'~ y acknowle c e describe ~,' ,. ~ r_~ I "the ~! 3 a <a.....~.,..,o,_ M...~..,,..,..,., , ~~...., . ~w,:.,• ~xoiixn. 1038. ~HER1~fAIVS DALE, PA 17090 ~(~ eo-e~avxtis- 4xue ~ ro AA 9~cu.l~y s L' I aY. ~::. .u.. Federal Credit Union t/ P.O. Bm !lal, Cadisk. PA 17013 :23L387628~: uh~ 6P ~ 06223451 6tt Fl.AVIMNARLEg11N THE LrATTlR OF THH l~POINT1iHNT O1~ A ~3TJARD211N SOR II, Ili SV®i O. Jali3EN, AN QED INGPACITATED IND DOAL IN THE COtRt'T Off COINOZU PI,HA.S DAOpHIN COUNTY, PENNSYLVANIA ORPHANS CCrURT DIVISION NO. 21-09-•O B07 CONSENT As the Agents 1, for Barbara Fowler, ur.;d~ar her Pawer of Attorney Dated July 28, 2008, I consent to sell 317 Carol Street, New CumbeshJ}and, Cumberland County, Pennsylvania (Parcel No. 26-23-0543-03d)j owned jointly by Sven 0. Jensen and his wife, Barbara Fow]~~r, to Donald Failor "As I:s" for One Hundred Twenty Six Thousan~ Five Hundred (5126,SOO.UO) Dollars to ensure liquidityqy to pay #~r the continuing care of Sven 0. Jensen and Barbara ,d;. Fowler. wi Si Da Sign: Date ~ Z1~ ~=d1 ~ ~~