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HomeMy WebLinkAbout05-06-10J REV-1500 EX (06-05) 150560411,58 PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 21 0 9 0 7 9 0 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1,95-32-4695 08092009 02241,937 Decedent's Last Name STONE Suffix Decedent's First Name CHESTER (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS MI MI FILL IN APPROPRIATE BOXES BELOW ^X 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death ^ 4. Limited Estate ^ 4a. Future Interest Compromise (date of prior to 12-13-82) ^ 5. Federal Estate Tax Return Required ^X 6. Decedent Died Testate (Attach Copy of Will) death after 12-12-82) ^ 7. Decedent Maintained a Living Trust (Attach Copy of Trust) ~ 8. Total Number of ~~afe Deposit Boxe s ^ 9. Litigation Proceeds Received ^ 10. Spousal Poverty Credit (date of death b ^ 11. Election to tax under Sec. 9113 A ( ) etween 12-31-91 and 1-1-95 (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED Name T O: Daytime Telephone Number RICHARD C • SNELBAKER, ESQUIRE w 71,7_697_ ° ^-~~' Firm Name (If Applicable) 3 ~ . r ~': ? ~ SNELBAKER & BRENNEMAN , P • C • REGISTE USE9lA-Y . ~ ~, . . .~ First line of address t r-:~ 44 WEST MAIN STREET ~~~ ~°'' ~ ^.. ~ , '~' ~~ K Second line of address ~ --! ~~ ~_ P•0• BOX 31,8 Cr, a ~. City or Post Office State ZIP Code DATE FILED ~1ECHANICSBURG ' PA 1,7055 .Correspondent's a-mail address: Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. Sl,,~f~~>_ ///J' PERSON®,phSiBLE FOR FILING RETURN DATE ~ ~ MIL ED L• STONE, EXECUTRIX P•0• BOX 640, SIGMA R F THER THAN REPRESENTATIVE ADDR S RICHARD C• SNELBAKER, ESQUIRE 44 W• MAIN S1 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041158 6M4647 3.000 - ~ ~~~~ y RLISLE, PA 1,701,3 DAT S~y~j c~ T, MECHANICSBURG 15056041158 J 15056042159 REV 1500 EX Decedent's Social Security Number 4ecedenYs-yame:STONE 195-32-4695 CHECTFR RECAPITULATION 1. Real estate (Schedule A) 1. 0.00 2. Stocks and Bonds (Schedule 6) . 2. 0 • 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . g, 0 • 0 0 4. Mortgages 8 Notes Receivable (Schedule D). 4. 0 • O 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 27380.00 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6. 2 4 7 0 5 2 • 3 8 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 0.00 8. Total Gross Assets (total Lines 1-7). 8. 2 7 4 4 3 2.3 8 9. Funeral Expenses & Administrative Costs (Schedule H) . g. 1216 2 • 10 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) . 10. 10 6 8 2.0 0 11. Total Deductions (total Lines 9 8 10) . 11. 2 2 8 4 4 •10 12. Net Value of Estate (Line 8 minus Line 11) 12. 2 515 8 8 • 2 8 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13. 0 • 0 0 14. Net Value Subject to Tax (Line 12 minus Line 13) 14 . 2 515 8 8.2 8 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0~ ~• ~ ~ 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .0~ 0. 0 0 16. 17. Amount of Line 14 taxable 0. 0 0 at sibling rateX .12 251588.28 17. 301,90.59 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18. 0. 0 0 19. TAX DUE 19. 30190.59 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 15056042159 6M4648 2.000 REV-1500 EX Page 3 Decedent's Complete Address: DECEDENTS NAME STONE STREET ADDRESS x,44 WILDWOOD LANE, P • 0 CUMBERLAND COUNTY, NORT CITY File Number 21 09 0790 NEWTON TOWNSHIP STATE ~ ZIP Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 3 019 O.5 9 2. Credits/Payments A. Spousal Poverty Credit 0 . 0 0 B. Prior Payments _ 2 0 0 0 0.0 0 C. Discount 10 0 0 • 0 O Total Credits (A + g + C) (2) 210 0 0.0 0 3. Interest/Penalty if applicable D. Interest 0 • 0 0 E. Penalty 0 • 0 0 Total Interest/Penalty (D + E) (3) 0 • O 0 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. (4) 0 • 0 0 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAx DUE. (5) 919 0 5 9 A. Enter the interest on the tax due. (5A) 0 • 0 0 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 9190 • 59 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ^ b. retain the right to designate who shall use the property transferred or its income; ^ c. retain a reversionary interest; or . ^ d. receive the promise for life of either payments, benefits or care? ^ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . ^ C~ 3. Did decedent own an "in trust for" or payable upon death bank account or securit at hi h d h? ^ L ^ y s or er eat 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which _ _J contains a beneficiary designation? ^ ~~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. 9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. ~9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. ~9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. ~9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 6M4671 1.000 REV-1508 EX+ (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH BANK DEPOSITS & M~S i INHERITANCE TAX RETURN , , ~ . RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF Chester Stone FILE NUMBER 21 09 0790 Include the proceeds of litigation and the date the proceeds were received by the estate . All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER VALUE AT DATE DESCRIPTION OF DEATH 1 Commonwealth of Pennsylvania refund due the decedent on 2009 Final Individual Income 330.00 Tax Return 2 1980 Ford Truck appraised value (see attached appraisal) 1,200.00 3 1986 GMC Truck 1,000.00 appraised value (see attached appraisal) 4 1990 Mack Truck 8,500.00 appraised value (see attached appraisal) 5 2006 Chevrolet Silverado 2500 Pickup, Kelly Blue Book value (see attached 16,150.00 appraisal) 6 Trailers 1991 trailer and a special construction trailer 200.00 (homemade) TOTAL (Also enter on line 5, Recapitulation) $ ~ 27 , 380.00 3W46AD 1.000 (If more space is needed, insert additional sheets of the same size) (~~--~--~ r~ ~ ~ ~) a ~-Y~ HEI~V'jl DU~'Y TRUCK CONDITION & APPRAISAL REPORT tHIS REPORY IS TO bE COMPLETED PRIOR TO ADVANCING FUNDS BRANCH /~~-~t~ ~!~'~' DEALER ~ ~ ~~ ~ ~ld~ ~-~ ~/ C.~~, . ^ TRADE IN ^ PURCHASED YEAR MAKE MODEL BODY 9 ~ F ~~ ~ iQ ~~~ COMPUTE ALL OPTIONS AT RETAIL vALUE SHOWN IN BLUE BOOK Engine ~'~S $ ~ Transmission ~ r $ Front Axle ~~ U~~~ `~•. $ Rear Axle I ~l ~ "~ $ Sleeper $ Air Conditioner no g Disc. Wheels ~ g New Tyres * $ Owner-operator package $ New Paint Fuel Tanks Sy'~•~-~- ~ $ Radto : Type $ Fifth Wheel: Type $ Jacobs Brake ~ ~ .: $ Brakesaver ~ Temp, Fan $ Radiator Shutters ~ Power Steering $ Air Rlde Suspensions ~ Other ~ l- '~'°~ Other g $ ~ Other $ __ Total Retail of Options $ X 15 °!o AFV ALL OPTIONS $ ENGINE ^ REPO TRANS ~ ~ 1~EAR AXLE MISC. CONDITION Good Fair Poor Body Engine Transmission Tires Paint Wheels Right Fender Left Fender ~' Mileage ~'~"`~ ~ , Color ~~ ` Explain any damage AFV BASE TRUCK AFV ALL OPTIONS TOTAL AFV ADVANCE PERCENTAGE OF AFV $, ~ ~ ~~~ DIVISIONAL APPROVAL, REQUIRED IF ADVANCE IN EXCESS OF APPROVED PROGRAM FOR DEALER. Overall Condition : ^ Excellent ^ Good ^ Fair ^ Poor ^ Salvage Appraisers estimate of current WHOLESALE value, based on overall condition, AFv value, current market conditions ~ If reconditioning required, daio to be complete • .~ Physically checked and appra(sed by : f ~~ Reviewed and approved by : Branch Manager NOTE: ATTACH UNE~NCtJMBEREb CERT{FIC~ITE OF ITl_l: IN DEAL•ER'S NAME pR PROPERLY ASSIGNED OVER BY PREVIOUS OWNER. IF DEALER {S APPROVED TO HOLD TITLES, ATTACH COPY FRONT AND BACK. D/~TE .~ ~ 3 C ~ ~ SERIAL # 60~27.G ~iov. 283 ~'~'' NEA1J'~ DUTY TRUCK CONDITION & APPRAISAL REPORT tH15 REpt7R7 IS TO bE COMPLETED PRIOR TO ADVAOVCING FUN®S BRANCH= ~-~rS b ~~ ~ DEALER ~` ~~ ~~ ~ ~ ~ ~ ~v ~~/~., . ^ TRADE IN ^ PURCHASED YEAR MAKE MQDEL BODY COMPUTE Al,l. OPTIONS AT RETAIL VALU SHOWN IN B LUE BOOK ~ ltS : Engine S Transmission S Front Axle `~~- ~ Rear Axle $ Steeper $ Air Conditioner $ D1sc. Wheels ~ ,._ _.$ __ New Tyres ~ $ Owner-operator package S New Paint $ Fuel Tanks $ Radio : Type $ Fifth Wheel: Type ~ Jacobs Brake $ Brakesaver ~ Temp. Fan $ Radiato- Shutters ~ Power Steering $ Air Rlde Suspension S Other ~ . ~ ~ive~L ~~~ $ Ocher $ Oti~er ~ ~ Total Retail of Options ~ x 15 °!o AFV ALL OPTIONS ~ DATE SERIAL # ^ REPO ENGINE TRANS ~ ~ REAR AXLE MISC. ~,~u ,5/~ ~ ~' CONDITION Good Fair Poor Body ~ Engine Transmission Tires Patnt __ _...___ _ _ _ Wheels Right Fender x, Lett Fender ~,/~ Mileage j ~~'Z L~. ~. Color Explain any damage AFV BASE TRUCK $ AFV qLL OPTIONS -----'~-~~'''~_ TOTAL AFV ~ ~~``~ ADVANCE ~ PERCENTAGE OF AFV D1VISlONAL APPROVAL, REQUIRED iF ADVANCE IN EXCESS OF APPROVED PROGRAM FOR DEALER. Overall Condliion : ^ Excellent ^ Good ^ Fair ^ Poor ^ Salvage Appraisers estimate of current WHOLESALE value, based on overall condition, AFV value, current market conditions S It reconditioning required, dato to be complel .~_„_~ Physically checked and appraised by : ~ ~ ' ti..--~ Reviewed and approved by: Branch Manager NOTE: ATTACH UNE~NCtJMBERED CERTIFICATE OF TITLE IN DEAL•ER'S NAME OR PROPERLY ASSIGNED OVER 8Y PREVIOUS OWNER. IF DEALER IS APPROVED TO HOLD T1T~ES, ATTACH COPY FRONT AND BACK. 60~27.G ri9v, 283 ~"--°--~ HEAV'~ DUTY TRUCK CONDITION & ApPRA1SAL REPORT THIS REpORY IS TO 13E COMPLETEd PRIOR TO ADVANCING FUNDS BRANCH ~~~"~'+~'~~ ~ ~ ~~ J (` DEALER r " ~ ~ •, 1~~~j1 ~L ~ ~ J ~ ~ ~~~-, . [~ TRADE IN ^ PURCHASED D/~TE ~-~.~-09 SERIAL N ~~A ~ ~ 8 C Xe Cf6~/~2 ~ [j REPO YEAR MAKE MODEL 80DY ENGINE TRANS ~ ~ REAR AXLE MISC. ~ ~ ~~ ~~~ya~' ,~ ~ s~ , ~a~ ~~ ~~ s~s gyp -~ ~s~~-~. c$~ COMPUTE ALL OPTIONS AT RETAIL VALUE SHOWN IN BLUE BOOK ~ 1'19 ~ ` ~ ~ ~ ~ Engine ~ S Transmisslo T~ r~~ ~J ~,,,~~ S `~ Front Axle ~~ ~ ' M •. ~ ' Rea r Axle 5S Yy © ~K $ Sleeper Air Conditioner ~~S $ $ Disc. Wheels ~ _._.$ _. _ New Tires * $ Owner-operator package S New Paint Fuel Tanks ~~~ S r~•-- ~~5~~~ $ Radio : Type ~i~ S Fifth Wheel! : Type S Jacobs Brake fly~~~ $ Brakesaver ~ Temp. Fan $ Radiator Shutters $ , Power Steering ~ ~S ° $ Air Rlde Suspension $ Other $ Other ~' S "~"t~~~C ~ Other ~ $ Total Retail of Options S x 75 °!° AFV ALL OPTIONS ~ CONDITION Good Fair Poor Body X Engine Transm'sslon ~ Tires ~~ ,~ 2.Z- ~ X Paint .._ __ _~~ ~~ ~ ~ _ __ ~. Wheels S~~ ~, F Right Fender '~, Lett Fender ~~. Mileage ~~ ~ ~} t~ ~~ Color ~~~ ~ J~ /~ Explain any damage ~~ AFV BASE TRUCK $ AFV ALL OPTIONS _$~ ~ ~~---- TOTAL AFV /~ r ~ , ~ i~ Z"~ ~'* t`-~"t I.~,: ADVANCE ~ PERCENTAGE OF AFV ~ °!o DIVISIONAL APPROVAL, REQUIRED IF ADVANCE IN EXCESS OF APPROVED PROGRAM FOR DEALER. Overall Condition : ^ Excellent ^ Good Fair ^ Poor ^ Salvage Appraisers estimate of current WHOLESA E value, based on overall condition, AFV value, current market conditions ~ _~_~ ~ ~ It reconditioning required, dato to be completed Physically checked and appraised by: ~~ f' ° ~~ ~ ~`r~~~ Reviewed and approved by: .ALL '~~ Branch Manager NOTE; ATTACH UNENCUMBERED CERTIFICATE ~ ITLE tN DEAL•ER'S NAME OR PROPERLY ASSIGNED OVER 8Y PREVIOUS OWNER, tF DEALER IS APPROVED TO HOLD TITLES. ATTACH COPY FRONT AND BACK. 60AZ7.G riav, 2.83 2 06 Chevrolet Silverado 2500 Pickup -Trade In Value, blue book value -Kelley Blue Book Page 1 of 2 w ,,,~, . Send to Printer ~w ~ -_ ,-~,,.~a ~~ _ ~ - - ,., ~ ~ ,4 ~.. Condition ~xcelte~t '' GOOd (Selected) ~" Value $1 ~,'~ 50 $16,150 $~~,~~ :Vehicle Highlights ';Mileage: 40,000 ';Engine: V8 6.0 Liter Transmission: Automatic Drivetrain: 4WD !selected Equipment '..Standard LS Tilt b~Jheel Single Compact Disc Air Conditioning Cruise Control Dual Front Air Baas Paver Steering AM/FM Stereo ABS (4-Wheel) _. Blue Book Trade-In Value Trade-in Value is what consumers can expect to receive from a dealer for atrade-in vehicle assuming an accurate appraisal of condition. This value wilt likely be less than the Private Party Value because the reselling dealer incurs the cost of safety inspections, reconditioning and other costs of doing business. Vehicle Condition Ratings ~~~elfent 4.. $~.~r~5{~ • Looks new, is in excellent mechanical condition and needs no reconditioning. • Never had any paint or body work and is free of rust. • Clean title history and will pass a smog and safety inspection. • Engine compartment is clean, with no fluid leaks and is free of any wear or visible defects. • Complete and verifiable service records. Less than 5% of all used vehicles fall into this category. y ,'• ,. ~~~~ r e Close Window ~ Good (Selected) $16,150 • Free of any major defects. http://www.kbb.com/KBB/LJsedCars/PricingReport.aspx?Yearld=2006&Mileage=40000&VehicleClass=... 8/21 /2009 REV-1509 EX+ (6-gg~ SCHEDULE F C,oMMONWEALTH OF PENNSYLVANIA JOINTLY OWNED PROPERTY INHERf'fA NCE TAX RERJRN RESIDENT DECEDENT ESTATE OF FILE NUMBER Chester Stone 21090790 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURV N ING JOINT TENANT(S) NAME A Stone, Mildred L ADDRESS RELATIONSHIP TO DECEDENT P.O. Box 640, Carlisle, PA 17013 Sister JOINTLY-0WNED PROPERTY: ~~ LETTER DATE DESCRIPTION OF PROPERTY NUMBER FOR JOIN TENANT MgDE JOINT INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. 1 A 10/8/2003 American Funds investment account #6933-2125-04/06/11 2 A Inception Farm Equipment appraised value (see attached list) 3 A Inception Household goods and 20 beef heifers appraised value (see attached list) 4 A 1/4/1983 Lot #106 and #107 located in Borough of Landisburg, Perry County, PA, appraised value (see attached appraisal) Total from continuation schedules . 3W46AE 1.000 OF DATE OF DEATH p~p~S VALUE OF ASSET INTB~EST 114,340.03 50.0000 48,500.00 X50.0000 7,354.00 150.0000 28,000.00 X50.0000 DATE OF DEATH VALUE OF DECEDENTS INTEREST 57,170.02 24,250.00 3,677.00 14,000.00 147,955.36 247,052.38 (Ir more space is needed, insert additional sheets of the same size) Estate of: Chester Stone 21 09 0790 Schedule F Part 2 (Page 2) Item Joint DOD Value of Perc DOD Value of No. Cot. Date Description Asset Int„ Interest 5 A 11/5/1969 Property 250,600.00 50.0000 125,300.00 known and numbered as 144 Wildwood Lane, North Newton Township, Cumberland County, PA. Property is classified as farm land and value was determined using the Clean & Green assessment posted on the Cumberland County Tax Assessment Database. For informational purposes the fair market value is calculated as follows: $456,370.00 (assessed value) X 1.26 (common level ratio) $575,026.20 (fair market value) 6 A 2/24/2004 Tha Bank of Landisburg 20,010.00 50.0000 10,005.00 certificate of deposit #700021399 7 A 3/7/2004 Tha Bank of Landisburg 2,970.73 50.0000 1,485.36 money market accout #0652520 8 A 11/25/2005 Tha Bank of Landisburg 24.95 49.9800 12.47 checking account #0614998 9 A 7/11/2005 Tha Bank of Landisburg 201.13 50.0000 100.56 savings account #061499820 10 A 6/19/2009 Wachovia Bank, N.A. 19,834.30 50.0000 9,917.15 checking account #1010233358916 (opend jointly at inception 6/19/2009) 11 A 6/19/2009 Wachovia Bank, N.A. 201.86 50.0000 100.93 savings account #3000146074492 (opened jointly at inception 6/19/09) 12 A 8/6/1990 Wachovia Bank, N.A. 2,067.77 50.0000 1,033.89 checking account #1000193349376 Total (Carry forward to main schedule) 147,955.36 LOST CREEK IMPLEMENT, INC. Rt. 35 P.O. Box 123 Oakland Mills, PA 17076 717-463-2161 1-800-241-2161 www.lostcreekimp.com 1VIILDRED STONE I'C~ BOX f40 CARLISLE PA 17013 FARM EQUIPMENT APPRAISAL--9/1/2009 FARMALL SUPER H TRACTOR $ 800.00 FARMALL M 'T'RACTOR 700.00 NH LS 5 ~ SKID LOADER 2, 000.00 IH 1150 GRINDER A/IIXER 500.00 JD 64 HAY RAKE 2, 000.00 WALSH 300 GAL SPRAYER 200.00 NEW IDEA. FLTGHT ELEVATOR 300.00 (2} OLD HA_Y WAGONS (a~$600.00 EA, 1,200.00 (2 } Oi,D IL~'.?!'I BI~V ~~;'AGO?~TS ~ $? 50.00 E A. 5 t~0.00 JD 327 SQUARE BALER 2;000.00 NEW IDEA. MANU]~E SPREADER 300.00 NEW IDEA 323 1-ROW CORN PICKER 500.00 (2} OLD IH FORAGE BOXES x$500.00 EA. 1,000.00 IH 720 FORAGE HARVESTER 500.00 KOMATSU C53S CRAWLERILOADER 6,500.00 .10HN ®EERE LOST CREEK IMPLEMENT, INC. Rt. 35 P.O. Box 123 Oakland Mills, PA 17076 717-463-2161 1-800-241-2161 www.lostcreekimp.com CLASS ROtTND BALER 2,000.00 IH 56 4-ROW CORN PLANTER 300.00 JD 1250 5-BOTTOM MOUNTED PLOW 400.00 IH 4-BOTTOM MOUNTED PLOW 300.00 TH S-13C)TT'C~M MO~C_INTF.T3 PI,()'UV 300.0 12' CL~'LTIlti~ULCHER 400.00 MILLER 12' DISC 400:(~~ JD 12' DISC 1,500.00 ALLIS CHALMERS 8030 TRACTOR 10,000.00 JD 4240 TRACTOR 12, 500.00 JD 52:50 5' DRILL. 500.00 FARMALL CUB WiMOWER 900.00 TOTAL X48,500.00 TIMOTHY K. MOSEBEY PRESIDENT JOHN DEERE Rick Foreman Auctioneer Au1163L 386 Springfield Rd. Shippensburg Pa 17257 (71'776-4602 .A~~-rais,al for ~ropert~ of Chester Stone Old breakfast set and chairs $50.00 Old sofa's $10.00 Record player $5.00 Coffee and end tables $10.00 Reclining chair $5.00 Three lamps $5,00 Four iron beds $10.00 Four dressers $50.00 Four night stands $10.00 Touch light $2.00 Deep freezer $20.00 Washer and dryer $20.00 Sewing machine $10.00 Television $10.00 Stove $25.40 Refrigerator $25.00 TOTAL APPRA~S~D 'VAL~F $354.00 Shop items Grinder $5.00 Drill $5.00 Saw $2.00 SOCket Set $10.00 Air wrench $1Q,40 20 ton jack $10.00 Air compressor $10.00 1~Iandy man jack $15.00 Grease gun $5.00 Pry bar $5.00 Forks and shovels $10.00 Twenty beef type heifers $350.OQ each $7,000.00 S. W. Barrett Real Estate & Appraisal Services C'iln Aln AA A7AA 11/19/2009 Snelbaker 8< Brenneman, P.C. 44 West Main Street Mechanicsburg, PA 17055 File Number: 09-0391 In accordance with your request, I have appraised the real property at: Main 8< Venus Streets Landisburg, PA 17040-9404 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as vacant. The property rights appraised are the fee simple interest in the site. In my opinion, the market value of the property as of August 9, 2009 is: $28,000 Twenty-Eight Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, ... .: ,yz Y. _ ~ ~.~ ~ .._ ~ s ~ ~ Stan A. Skowronek PA Certified Residential Real Estate Appraiser S. W. Barrett Real Estate & Appraisal Services Sao ni.. ne n~n~ APPRAISAL OF LOCATED AT: Main ~ Venus Streets Landisburg, PA 17040-9404 FOR: Snelbaker & Brenneman, P.C. 44 West Main Street Mechanicsburg, PA 17055 BORROWER: Chester STONE (Estate) AS OF: August 9, 2009 BY: Stan A. Skowronek PA Certified Residential Real Estate Appraiser S. W. Barrett Real Estate & Appraisal Services LAND APPRAISAL REPORT ~:r~ .,_ „~ ,,.,~~ Pro a Address Main 8c Venus Streets Census Tract 0306.01 LENDER DISCRETIONARY USE Cit Landisbur Coun Per State PA Zi Code 17040-9404 Sale Price $ Le al Descri tion Deed Book 328, a e 420, Tax ID #11014302036000 -Date Owner/Occu ant Stone, Chester Sz Mildred Ma Reference 14302036 Mortgage Amaunt $ ,. Sale Price $ N/A Date of Sale N/A Property Rights Appraised Mortgage Type Loan char es/concessions to be aid b seller $ N/A X^ Fee Simple Discount Points and Other Concessions R.E. Taxes $ 250.00 Tax Year 09110 HOA $/Mo. N/A ^ Leashold Paid by Seller $ LenderlClient Snelbaker & Brenneman, P.C. Condominium (HUDNA) 44 West Main Street Mechanicsbur PA 17055 PUD Source LOCATION Urban X Suburban Rural BUILT UP X^ Over 75% ^ 25-75% ^ Under 25% GROWTH RATE ^ Rapid 0 Stable ^ Slow PROPERTY VALUES ^ Increasing X^ Stable ^ Declining DEMAND/SUPPLY ^ Shortage X^ In Balance ^ Over Supply . MARKETING TIME Under 3 Mos. X 3-6 Mos. Over 6 Mos. NEIGHBORHOOD ANALYSIS rood Avg. Fair Poor Employment Stability ^ o ^ ^ Convenience to Employment ^ X^ ^ ^ Convenience to Shopping o 0 0 ^ Convenience to Schools o a ^ ^ Adequacy of Public Transportation ^ X^ ^ ^ PRESENT LAND USE % • Single Family 80% ~ 2-4 Family 5% "Multi-Family 2% LAND USE CHANGE Not Likely ^ Likely ^ In process ^X PREDOMINANT OCCUPANCY Owner ^X Tenant ^ SIVGLEFAMLYHOUSING PRICE AGE $(000) (yrs) 75 Low 25 Recreation Facilities ^ X^ ^ ^ Adequacy of Facilities ^ 0 ^ ^ Property Compatibility ^ 0 ^ ^ Protection from Detrimental Cond. ^ X^ ^ ^ Commercial 3% To: Residential Vacant (0-5%) X^ 175 High 100 Police & Fire Protection ^ Q ^ ^ Industrial 0% Vacant (over 5%) ^ Predominant General Appearance of Properties ^ ~ ^ ^ Vacant 10% 125 - 75 A eal to Market X Note: Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS~The sub~ect is located at the corner of Main Street and Venus Street in the Borou h of Landisbur It is surrounded b detached semi-detached and attached housin with some commercial use within its direct nei hborhood. Dimensions 145.5x140x135x122.75 Topography Basically Level Site Area .41 Acre m/l Corner Lot Yes Zoning Classification No Zoning Zoning Compliance N/A HIGHEST & BEST USE: Present Use No Other Use Residential Size larger than normal Shape Irre ular Drainage A ears Ade uate UTILITIES Public Other Electricity X^ 100 amp Gas ^ Water ^ Well Sanitary Sewer 0 Storm Sewer SITE IMPROVEMENTS Type Public Private Street Macadam X^ ^ Curb/Gutter None ^ ^ Sidewalk None ^ ^ Street Lights Adequate X^ ^ Alle None View Residential Landscaping NIA Driveway NlA Apparent Easements None A arent FEMA Flood Hazard Yes* No X FEMA* Ma /Zone 422722 0360D/Zone X Comments (Apparent adverse easements, encroachments, special assessments, slide areas, etc.): Private water systems are common to the area and have no adverse affect u on marketabili .There are no a arent adverse easements, encroachments or other adverse conditions. The undersigned has recited three recent sales of properties most similiar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject. ITEM SUBJECT COMPARABLE N0.1 COMPARABLE N0. 2 COMPARABLE N0.3 Address Main & Venus Landisbur 110-143.02-043.000 Landisbur 17040 190-046.02-024.000 New ort 17074 210-118.04-122.000 Duncannon 17020 Proximit to Sub"ect 0.13 miles WSW 13.13 miles NE 14.45 miles ENE Sales Price $ N/A $ 20 000 . $ 40 000 . $ 35 000 Price/ S uare Foot $ ~ $ 1.48 ~ $ 1.61 ~ $ 1.91 ~ Data Source Ins ection/CHR Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-)$Adjustmern DESCRIPTION +-~gAdjustmern DESCRIPTION +(-)$Adjustmern • Sales or Financing Concessions Unknown Unknown ~ Unknown Unknown ~ Unknown Unknown Date of Sale/Time N/A 02/29/2008 ~ 04/23/2008 ~ 05/13/2009 . Location Suburban Suburban Suburban Su erior -10% -0.20 SiteNiew 17,860 SF/Av 13 504 SF/Av ~ 24,829 SF/Av ~ 18 295 SF/Av Water Well Well Public -5% ~ -0.08 Well Sewer Public Public Public Public Net Ad'. total X + - ; $ 0 + X - ; $ 0 + X - ; $ 0 Indicated Value of Sub'ect Gross: OA Net: OA $ 1.48 Gross: 5A' Net: -5.0 $ 1.53 Gross: 10.5 Net: -10.5 $ 1.71 Comments of sales Comparison: The comparables used are of similar geography and terrain to that of the subject. Lack of sales within the sub'ect's immediate market re uired an ex anded search area. The vacant land sales rovided are considered to be the best sales available. Comments and Conditions of Appraisal: Property has been appraised in "as is" condition. No improvements were considered in the value re orted. A raiser assumes all necessa ermits for future buildin on site are available. Final Reconciliation: See Attached Addendum. I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF AUg uSt 9, 2009 to be $ 28 000 I (We) certify: that to the best of my (our) knowledge and belief, the facts and data used herein are true and correct; that I (we) personally inspected the subject property and inspected all comparable sales cited in this report; and that I (we) have no undisclosed interest resent o therein. ~~, ~ ~ .----- Appraiser(s) ~. ,~~. Review Appraiser "-~-- ~ ~ _ XO Did ^ Did Not Stan A. Skowronek (if applicable) Steven W. Barrett SRA SRPA Inspect Property Hropnetary~artdFOrmo4lt38~q Gertltled ReSldentlal Real Produced usingAClsoftware,8°0.234.8727www.aciweb.com Estate Appraiser PA Certified General Real Estate Appraiser S.W. Barrett Real Estate 8~ Appraisal Services ADDENDl1M Borrower: Chester STONE (Estate) File No ~ 09-0391 Property Address: Main & Venus Streets Case No City: Landisburg State PA Zip: 17040-9404 Lender: Snelbaker & Brenneman, P.C. Final Reconciliation The location adjustment for comparable #3 reflects it being in an expanding residential subdivision. The adjusted price per square foot is $1.48 to $1.71 -SAY - $1.55. Subject square feet (43,560 sgft per acre x .41 acre = 17,860 sgft @ $1.55/sgft = $27,683. The Opinion of value for the subect is $28,000. Comparable #1 was the only suitable vacant land sale in the Borough of Landisburg although older than twelve months it is included as support of the opinion of value as the market has shown little to no appreciable increase in value. ~..,-~~. Addendum Page 1 of 1 SUBJECT PROPERTY PHOTO ADDENDUM Borrower: Chester STONE (Estate File No.: 09-0391 Property Address: Main 8~ Venus Streets Case No.: City: Landisburg State' PA Zip: 17040-9404 Lender. Snelbaker ~ Brenneman, P.C. FRONT VIEW OF SUBJECT PROPERTY Appraised Date: August 8, 2009 Appraised Value: $ 28,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE Borrower: Chester STONE (Estate) Property Address: Main & Venus Streets File No.: 09-0391 Case No ' City: Landisburg State' PA Zip: 17040-9404 Lender. Snelbaker 8~ Brenneman. P.C. Borrower: Chester STONE (Estate) Property Address: Main & Venus Streets File No.: 09-0391 Case No City: Landisburg State' PA Zip: 17040-9404 Lender. Snelbaker 8~ Brenneman, P.C. ., ~I ,I ~ ' -,,' _.. i \ , , ~ P ~` Pp e ~ _' 111 oa l'__~ ~ ~~ , ~ ~ c ` --` ,.,. /~ ~o xE ~= R i ~ ~~ ~~~ s~ ~ ~g ~~~~ ay ~~~~~ ~ ! ~~ a~y~ ~~$~ ,, ----- ~ ~ , n 0 c i D _ _ ~~ °® S ~ _~ o ~. ,/ p~/ ~. ~ 1i ~~ ~ ~ \ ~~ t s g~. ~ G;~ ~Y • p 2~ 1 ' ~ ~Y P g :g- a a a :, a 1~ ~ ~ ~ N,y P~ ~g ~` f y' gd ~ gNc ` ~~''~ ~ s a~ ' ~ y~ E~ ~ ggn',~' b~ =" ti, ~ y, Y Pr , !j' I ~. SPY S x° \\ ~ ~. `Y ~' ~- F ~• gN ~r LOCATION MAP Borrower: Chester STONE (Estate) File No ' 09-0391 Property Address: Main & Venus Streets Case No ' City: Landisburg State: PA Zip: 17040-9404 Lender: Snelbaker & Brenneman., P.C. .J l~ t~l I ~ T A • • • • . • • ~~~~.". •~.~- _ _ ~, ,~r~~ .. _:_- ~_. ~- - e. ~« r i . - !7 ... - ' ~~ _ Thompsontown•- • ~ ti - 3.33 - Station _ _ '~ :- ~- '1+~ _. .- .- ,.., ..,.. . • 1..- .. ~- - ..~-- r, _ ~. ,I',. .• .. ,. ~: ~! Comparable Sale 2 a~ ` 190-046.02-024.000 _..r-''~ Plewpart 17074 _~_,_ '. _ (13.13 miles hJE) ;tiY ~5 134'F .~-- _.-~.. ,~ r__' ~t ..: ~ `,~k Newport a - I ~~ ~~I,k ~---~' ~~~°,_ i -- _ t. _ ~~ _ ~ , i ,_ a I .IUn18ta FUR18C@ 1 P E P. R i~>` P E N hl~~'~ S ~' L V A N 1~ .-~'" -= - i'~Nl~mfield :274 "~ - ,~ i~.: ~,~ • ~.. , Subject - ,'' Main & Venus Streets ~ ~~ ;.- Landisburg 17040 _._ _, ,._. ~_ _~- ~. ~fv _- 850 ~ - ...._ . Comparable Sale 1 110-143.02-043.000 Landisburg 17040 (0.13 miles ~'S~) Borrower: Chester STONE (Estate) File No ' 09 0391 Property Address. Main 8~ Venus Street Case No ' City: Landisburg State' PA Zip: 17040-9404 Lender. Snelbaker ~ Brenneman P.C. FI+~dM~~ L~~~it~d Fksr~d ~c~rtes ~~ irrurrrl~led S-yrsar tl~odin~ Ar~ss atlside cri'tt~ 1~0- ared 301.3r~.-$r ~+~d ~+~~*ar noQdtrS~ _ ttas ~;#ad ~y t~.~~ar aaadi~i~ with ~i~F by araar~ F~}r ar~aa~ rah ~t+loc ha~r~ ~~~ osr 1~f~n1n~~ if++i~ ~ h1tQ# A,e~~x ofl ' prl~aSh~Q fi~If~lUI i~l4~,d In~ormatlor~ C+~wnrr>aur~iiy f~urtibefr. 42272 Pr~arty i~ r+oi in a FEMA speelaf >7Qad hazard area_ ilvlep Nurtyb+ar; 422722 ~J30ot~ M axe, 2oQ~0~10 ~'anel: C~30G~fa ~#~'S 42099 2ar~e~ X [riailhr-r ~'rar-_~„3m~rl~;z f~Irxad tt~~~r~i C~-~fifi~r~nn ~'I"~MG) ry~r A:~I r~~3k~ ~ri~r rypr+a~nEatlona ar vu~rrsnt~s t~ arrp psrty aernMg the ~on~ant, eecurarcy ar ca~rnpieteness ref=this fried repc}rt, indir~ any ~werranty ~f mar~aniaE~ility ar tliry~~~c ter a prrrlirx~:far purprae_ t~aifl!t~ir ~`~ M~ nrrgr f~~t rrer i ~pis~r eat f;hi~ tic~ud rapari ~hafi h$vg anp flal~IHty in aay ihir~d part}r for anp use or misusa of Phis fls~d rza~r~ri_ File No. U8-U39'I ''r******** QUALIFICATIONS ********* The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the comparables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. 1. The subject is located in a rural area and is less than 25% built-up. _x_2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. _x 3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. 4. The predominant value in the neighborhood is less than that of the market value of the subject properly. This is due to the very wide range of value of properties in the area and superior quality of the subject property. 5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. 6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. _x_7. The subject property is serviced by private well and/or septic systems which is common for the area. 8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. 9. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. 10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. 11. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. 12. The land value exceeds 30% of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. 13. The land value exceeds 30% of total value. This is due to the large size of the site. This condition is considered to be typical and common. 14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more similar comparables on that individual rating. All comparables used are the best available. 15. Total adjustments exceed 25%. This is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All comparables used are the best available. _x_17. One or more comparables used were in excess of one (1) mile from the subject properly. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same marketing area. All comparables used are the best available. 18. The electrical system was not connected during inspection. 19. The water service was not connected during inspection. 20. The heating system was shut down during inspection. 21. Roofing Plumbing Electrical Heating certification(s) is/are suggested. 22. Inground swimming pool ,out buildings are included ,not included according to lender's guidelines. 23. According to lender's guidelines a maximum of acres were considered for this valuation. Remaining acreage was given no value. '""k'k'"`***** QUALIFICATIONS ********* 24. The subject property is located on a private road. 25. Wood infestation inspection is suggested. _x 26. Last recorded deed transfer: Date_01/05/1983 ,Consideration: $_4,630 27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. 28. Seller is paying part or all of closing costs. _x 29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. G~io ni., no_n~o~ ********* QUALIFICATIONS ********* Confidentiality and Security Policy We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the confidentiality, integrity and security of clients' personal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need to know this information to comply with federal standards to protect your nonpublic personal information. We do not disclose this information about you or any former consumers or customers to anyone, except as permitted by law. The law permits us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When we share nonpublic information referred to above, the information is made available for limited purposes and under controlled circumstances. We require third parties to comply with our standards for security and confientiality. We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the date of this report, land/or Steven W. Barrett, SRPA, SRA, ASA have completed the requirements under the continuing education program of the Appraisal Institute. File No. 09-0391 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions.. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Vacant Land Page 1 of 2 File No. 09-0391 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and Limiting Conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate t developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: Main ~ Venus Streets, Landisburg, PA, 17040-9404 APPRAISER: SUPERVISORY APPRAISER (only if required) ~_-~ ~ Signature: ~ . ~ ~~ Signature f~ ~~ Name: Stan A. Skowronek Date Signed: 11119!2009 State Certification #: RL001572L or State License #: State: PA Expiration Date of Certification or License: June 30, 2011 Name: Steven W. Barrett, SRA, SRPA Date Signed: 11/19/2009 State Certification #: GA000298L or State License #: RB026921A State: PA Expiration Date of Certification or License: June 30, 2011 Certified Residential Appraiser X^ Did ^ Did Not Inspect Property Vacant Land Page 2 of 2 REV-1511 EX + (10-06) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Chester Stone 21090790 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ , Ronan Ftianeral Home funeral services 7,791.19 B. 1 Total from continuation schedules 344.51 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address 2 3 City State Zip Year(s) Commission Paid: Attorney Fees Snelbaker & Brenneman , P . C . Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 4. 5. 6. 7. 1 7W46AG 1.000 City State Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees Cumberland Law Journal advertising Executrix Notice Total from continuation schedules . TOTAL (Also enter on line 9 Recapitulation) I $ (If more space is needed, insert additional sheets of the same size) 2,000.00 118.00 325.00 75.00 1,508.40 12,162.10 Estate of: Chester Stone Schedule H Part 1 (Page 2) Item No. Description 2 Funeral Luncheon 21 09 0790 Amount 344.51 Total (Carry forward to main schedule) 344.51 Estate of: Chester Stone 21 09 0790 Schedule H Part 7 (Page 2) 2 Register of Wills filing fee for Inheritance Tax Return 15.00 3 Register of Wills short certificates 24.00 4 Steven Barrett appraisal fee for lots in Landisburg, Perry County 250.00 5 The Sentinel advertising Executrix Notice 219.40 6 Reserve for filing fees, accountant fees and other costs associated with the administration of the decedent's estate 1,000.00 Total (Carry forward to main schedule) 1,508.40 REV-1512 EX + (12-OS) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Chester Stone SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS FILE NUMBER 21 09 0790 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. awasAH 2.000 If more space is needed, insert additional sheets of the same size. REV-1513 EX+(11-08) SCHEDULE J pennsylvania DEPARTMEIJTOF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER Chester Stone .,, ,, ,. ,,.,,,,. - cl v y v i 7V RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).] 1. Mildred L. Stone P.O. Box 640 Carlisle, PA 17013 All of Residue: 251,588.28 Sister 251,588.28 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 2113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0.00 8W46AI 2.000 ~~ nivie aNacC is neeaea, insert aaoiuonai sneers of the same size. LAST WILL AND TESTAMENT`S I, CHESTER STONE, of the Township of North Newton, County of Cumberland, and Commonwealth of Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void alI former wills and codicils by me at anytime heretofore made. FIRST. I order and direct that all my just debts and funeral expenses be paid by my Executrix or Executor, as the case may be, hereinafter named, as soon as conveniently may be done after any decease. SECOND. I give, devise and bequeath all the rest, residue and remainder of my Estate, real, personal and mixed, tivhatsoever and wheresoever situated, unto my sister, namely, MILDRED L. STONE, absolutely and in fee simple, if she survives me. THIRD. If my sister, MILDRED L. STONE, does not survive me, then and in that event, I give, devise and bequeath all the rest, residue and remainder of my Estate, real, personal and mixed, whatsoever and whersoever situated unto TROY LEE STINE, absolutely and in fee pimple. LASTLY. I nominate, constitute and appoint my sister, namely, MILDRED L. STONE, o be the Executrix of this, my Last Will and Testament, but if for any reason she should fail to lualify as such Executrix or cease so to serve, then and in that event, I nominate, constitute and ippoint TROY LEE STINE, to be the Executor hereof, each and both to serve without bond or -ther security as a condition of qualification hereunder. IN WITNESS WHEREOF, I, CHESTER STONE, have hereunto set my hand and seal to his my Last Will and Testament, which consists of two (2) typewritten pages to each of which I ave affixed my signature this 21St day of March, A.D. T~To Thousand Six (ZUOb). LAW OFFICES SNELBAKER & BRENNEMAN, P.c. (SEAL) CHESTER STONE The preceding instrument, consisting of this and two (2) other typewritten pages, each identified by the signature of the Testator, was on the date thereof signed, sealed, published and declared by CI-TESTER STONE, the Testator therein named, as and for his Fast Will and Testament, in the presence of us, who, at his request, in his presence and in the presence of each other, have subscribed our names as witnesses hereto. j,;T COMMONWEALTH OF PENNSYLVANIA) COUNTY OF CUMBERLAND SS. We, CHESTER STONE, RICHARD C. SNELBAKER and JANE J. GOONEY, the Testator and the witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will and Testament and that he had signed willingly, and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the best of his or her knowledge, the Testator was at that time eighteen. years of age or older, of sound mind and under no constraint or undue influence. Testator Z+v- itness ~, ess Subscribed, sworn to and acknowledged before me by CHESTER STONE,~the Testator, and subscribed and sworn to before me by RICHARD C. SNELBAKER and JANE J. GOONEY, the witnesses, this 21St day of March, 2006. r'' .. 6 Notary Pu lic COMMONWEALTH OF PENNBYLVANIn Notarial Seal Susan L Matra, Notary Public Mechanicsburg Born, Cumberland County LAW OFFICES M~/ ~ ftlr6Si0n Expires NOV. 24, 2007 SNELBAKER & '2- Membef. Pennsylvania Assoc(ation Of Notaries BRENNEMAN, P.C.