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Home My WebLink About07-29-10i• • • • • C 15056041158 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 21, 0 9 1, 0 4 8 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1,89-03-6424 1,0292009 06301,91,8 Decedent's Last Name Suffix Decedent's First Name M I JORDAN ~ RICHARD E (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name M I Spouse's Social Security Number FILL IN APPROPRIATE BOXES BELOW 1. Original Return ^ 4 t t i i d E . L m te s a e 6. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^ 2. Supplemental Return ^ 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) ^ 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) ^ 3. Remainder Return (date of death prior to 12-13-82) 5 t T R t R i l E t d F d . ax urn a e e equ re e era s ~ 8. Total Number of Safe Deposit Boxes ^ 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JOSEPH A MACRI, VICE PRESIDENT 71,7-255-21,74 ~~ Firm Name (If Applicable) ~1ANUFACTURERS & TRADERS TRUST COMPANY First line of address 21,3 MARKET STREET Second line of address City or Post Office HARRISBURG Correspondent's a-mail address: J I"I A C R I a~ M T B• C 01'1 "~ ~ `; ~. 3 (~~ _Y --;-1 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 o all information of which preparer has any Hnowledge. G RE OF PERSON P NSI E FO FILI RETURN PATE ,,,,,~ A D SS 213 MARKET STREET HAR ISBURG, PA 17101,-21~?7 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE THOMSON REUTERS (TAX & ACCOUNTING) S ,~ 7° ZG ~/ v ADDRESS 971,1, FARRAR COURT, SUITE 1,10 RICHf10ND, VA 23236 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041158 6M4647 3 000 State PA ZIP Code L- 1,71,01-2127 REGISTER OF~ti_~SE ONLY~~',-~ ~_ . 1 ~ C._. ~~ __ (~ _. _ f a f~,- :> ~' ~.."~ .~ ,4 ._~ _~ DATE'FTLED ~~ ~ =' 15056041158 Estate of RICHARD E. JORDAN Executors (Page 1) Name RICHARD E. JORDAN III Address 304 N 27TH ST. CAMP HILL, PA 17011- Tax ID - - Name Address Tax ID Name Address I '~ Tax ID ~~ ~r ~~ 1~ 1~ RICHARD E. JORDAN, II 4 FOXTAIL CT MECHANICSBURG, PA 17055- MANUFACTURERS AND TRADERS TRUST COMPANY ATTN: JOSEPH A. MAORI, VP 213 MARKET STREET HARRISBURG, PA 17101-2127 16-0538020 189-03-6424 ~~ i• li ~~ ~~ 1• li ~i ~i ~i J 15056042159 REV-1500 EX Decedent's Social Security Number 1,89-03-6424 Decedents rvame~J O R D A N RICHARD E RECAPITULATION 1. Real estate (Schedule A) ~~ 1 2 4 5 0 0 0• O O 2. Stocks and Bonds (Schedule B) . 2. 0 , 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) • 3. 0 • 0 0 4. Mortgages & Notes Receivable (Schedule D). 4. 0 • 0 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 16 0 7 8 4 9 - O O 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6. 0 , 0 0 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property S B' I I' R t d 7 (Schedule G) ~ eparate i mg eques a ],10 819 9 2 •0 D 8. Total Gross Assets (total Lines 1-7). 8. 12 9 3 4 8 4 ], • 0 0 9. Funeral Expenses & Administrative Costs (Schedule H) . 9. 3 5 2 3 7 0.0 0 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). 10. 4 5 2 9 0.0 0 11. Total Deductions (total Lines 9& 10) • 11. 3 9 7 6 6 0 0 0 12. Net Value of Estate (Line 8 minus Line 11) 12. 1, 2 5 3 7181 0 0 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13. 7 5 3 9 5 6.0 D 14. Net Value Subject to Tax (Line 12 minus Line 13) 14. 117 8 3 2 2 5.0 0 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~ Q. Q Q 15. 0. 0 0 16. Amount of Line 14 taxable at lineal ratex.o~5 1,1,783225.00 1s. 530245.00 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. Q. Q Q 18. Amount of Line 14 taxable at collateral rate X .15 Q. Q Q 18. 0. 0 0 19. TAX DUE 19. 530245.00 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 6M46482.000 15056042159 REV-1500 EX Page 3 IY.. ...J....~•.. ri.rn.~ln4n Arl~lrncc~ ~~ File Number ai. nq i.nuA .......-- - ---r- -- - - -- ---- DECEDENTS NAME JORDAN RICHARD E _ STREET ADDRESS CUMBERLAND COUNTY _ CITY STATE ZIP CAMP HILL Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 0 • 0 0 B. Prior Payments 4 8 7 0 0 0. 0 0 c. Discount 2 5 6 31.0 0 3. Interest/Penalty if applicable D. Interest 0 • 0 0 E. Penalty 0 • 0 0 ~~ ~~ (1) 530245.00 Total Credits (A + g + C) (2) 51, 2 6 3 ], • 0 0 Total Interest/Penalty (D + E) 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. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE A. Enter the interest on the tax due. (3> 0.00 (4) _ 0.00 (5) _ 1,761,4 •00 (5A) 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) _ 1, 7 614 • 0 0 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: 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? 0 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 security at his or her death? 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which ^ contains a beneficiary designation? IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS Pi>RT 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) per~~ent, 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 I • REV-1502 EX + (11-08) pennsylvania DEPARTMENTOF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER I~ RICHARD E JORDAN 21 09 1048 ~~ ~~ ~~ ~~ 1 1 1 1 ' • awas9s z.ooo If more space is needed, insert additional sheets of the same size. All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of th~~ relevant facts. Real property that is jointly-owned with right of survivorship must be disclosed on Schedule F. I REV-1503 EX + (s-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER ~~ RICHARD E JORDAN 21 09 1048 ~~ ~~ ~~ ~~ 1~ 1 1 ~~ ' + 3wasss i o00 (If more space is needed, insert additional sheets of the same size) All property jointly-owned with right of survivorship must be disclosed on Schedule F. I • REV-1507 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN _ RESIDENT DECEDENT SCHEDULE D MORTGAGES & NOTES RECEIVABLE ~~ ~~ '~ 1 1 1 1 1 ESTATE OF FILE NUMBER RICHARD E JORDAN 2109 1048 All property jointly-owned with right of survivorship must be disclosed on Schedule F. 3wa6AC i o00 (If more space is needed, insert additional sheets of same size) . REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ~~ ESTATE OF FILE NUMBER RICHARD E JORDAN 21 09 1048 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 VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 LOUISE K JORDAN C/T/W (QTIP) ~ ACCOUNT # 80027 THIS WAS QUALIFIED TERMINABLE INTEREST PROPERTY CREATED UNDER ITEM VII OF THE WILL OF LOUISE K JORDAN (DOD 5-3-2002). A MARITAL DEDUCTION WAS CLAIMED BY HER ESTATE UNDER IRC CODE SECTION 2056(B)(7). THEREFORE, THIS TRUST IS INCLUDIBLE IN THE DECEDENT'S ESTATE. SEE COPY OF ESTATE VALUATION STATEMENT AS OF DATE OF DEATH ATTACHED. (A COPY OF SPOUSE'S WILL IS ATTACHED) 2 WACHOVIA BANK, TRUSTEE RICHARD E & LOUISE K JORDAN CHARITABLE REMAINDER ANNUITY TR FINAL ANNUITY PAYOUT DUE TO THE ESTATE. 3 HOUSEHOLD FURNISHINGS AND PERSONAL EFFECTS VALUE USED IS APPRAISED VALUE (SEE COPY OF APPRAISAL ATTACHED) 4 1999 LINCOLN TOWN CAR EXECUTIVE 4D VALUE USED IS KELLY BLUE BOOK TRADE-IN VALUE (SEE COPY OF APPRAISAL ATTACHED) 5 MISCELLANEOUS COINS VALUE USED IS APPRAISED VALUE (SEE COPY OF APPRAISAL ATTACHED) 6 M&T BANK CHECKING ACCOUNT #49834908 ~ Interest accrued to 10/29/2009 7 TYCO ELECTRONICS - DIRECTOR'S FEES DUE TO DECEDENT FOR 4TH QUARTER 2009 8 PARTIOT NEWS REFUND DUE ON CANCELLATION OF ACCOUNT 9 ALLSTATE INSURANCE REFUND ON CANCELLATION OF HOMEOWNER POLICY 10 AT&T - REFUND ~~ ,~ ~vv4or+v I.VVV Total from continuation schedules . TOTAL (Also enter on line 5, Recapitulation (If more space is needed, insert additional sheets of the same size) 1,369,014 6,243 6,670 4,125 3,877 138,178 5 5,000 169 257 9 74,302 1,607,849 Estate of: RICHARD E JORDAN 21 09 1048 Schedule E (Page 2) ~ Item Value at Date No. Description of Death 11 COMCAST CABLE CO. - REFUND 39 i 12 CAPITAL BLUE CROSS - MEDICAL INSURANCE PREMIUM REFUND 311 13 BETHANY VILLAGE NURSING HOME - REFUND OF OVERPAYMENT ON ACCOUNT 797 14 MUTUAL OF OMHA INSURANCE CO. - REFUND OF UNEARNED PREMIUM 60 15 UNITED STATE TREASURY - 2009 FEDERAL INDIVIDUAL INCOME TAX REFUND 66,456 16 PENNSYLVANIA DEPT OF REVEUNE - 2009 INDIVIDUAL INCOME TAX REFUND 6,589 17 ALSTATE INSURANCE CO REFUND OF UNEARNED AUTO INSURANCE PREMIUM 50 ~ Total (Carry forward to main schedule) 74,302 REV-1509 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE F JOINTLY-OWNED PROPERTY RICHARD E JORDAN 21 09 1048 ff an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURV IV ING JOINT TENANT(S) NAME ~~ ~~ ~~ ~~ ~~ 1~ 1~ JOINTLY-0WNED PROPERTY: FILE NUMBER ~~ NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIM OINTDLY HELD REAL ESBAREATTACH DEED FOR DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTS INTEREST None TOTAL (Also enter on line 6 Recapitulation) $ 0 (If more space is needed, insert additional sheets of the same size) RELATIONSHIP TO DECEDENT 3W46AE 1.000 • REV-1510 EX + (6-98) ~~ ~~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER RICHARD E JORDAN 21 09 1048 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBS DESCRIPTION OF PROPERTY INCLUDE THE NOME OF TFE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACHACOPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE _ VALUE 1. TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. 193,000 100.0000 0 193,000 TOTAL TAXABLE CASH GIFTS MADE ON 1/2/2009 WERE $193,000( $226,000 LESS EXCLUSION OF $33, 000) . (SEE SCHEDULE LISTING GIFTS ATTACHED) 2 RICHARD E JORDAN, SR AND LOUISE K JORDAN CHARITABLE REMAINDER ANNUITY TRUST. THIS TRUST WAS CREATED ON 1/25/2001 WITH WACHOVIA BANK, N.A. AS TRUSTEE. UPON THE DEATH OF THE DECEDENT, THE TRUSTEE SHALL DISTRIBUTE ALL OF THE THEN PRINCIPAL AND INCOME TO THE RICHARD E. AND LOUISE K. JORDAN FOUNDATION. THE CRAT HAD A DATE OF DEATH VALUE OF $260,198.00 AND OF THIS TOTAL, $6,243.00 WAS THE FINAL PAYOUT DUE TO THE DECEDENT'S ESTATE. THE REMAINING BALANCE OF $253,956.00 QUALIFIES FOR THE CHARITABLE DEDUCTION. 253,956 100.0000 0 253,956 (SEE COPY OF TRUST DOCUMENT AND DOD VALUATION ATTACHED) Total from continuation sched les 10,635,036 ~~ ~r ~~ ~~ ~~ 1~ 1~ TOTAL (Also enter on line 7, Recapitulation) ~ $ 11,081,992 ' (If more space is needed, insert additional sheets of the same size) • 3W46AF 1.000 Estate of: RICHARD E JORDAN Item No. Description Schedule G (Page 2) DOD Value of Asset % Interest Exclusion 3 RICHARD E JORDAN SELECT PORTFOLIO ACCOUNT #4101540401 i THE DECEDENT CREATED THIS REVOCABLE TRUST ON JULY 8, 1996 WITH DAUPHIN DEPOSIT BANK & TRUST COMPANY(NOW MAN[JFACTURERS AND TRADERS TRUST CO.) AS TRUSTEE. THE DECEDENT RETAINED THE RIGHT TO REVOKE THIS TRUST AT ANY TIME BY AN INSTRUMENT IN WRITING DURING HIS LIFETIME. UPON THE DEATH OF THE DECEDENT, THE TRUST TERMINATES AND THE TRUSTEE SHALL PAY THE THEN-REMAINING PRINCIPAL AND INCOME TO THE EXECUTOR OF HIS ESTATE FOR DISPOSITION AS PART OF THE ESTATE. ON THE DATE OF THE DECEDENT'S DEATH, THE FOLLOWING ASSETS WERE HELD IN THE TRUST. A COPY OF THE TRUST DOCUMENT IS ATTACHED. (SEE CONTINUATION FOR SCHEDULE G) 0 100.0000 4 CASH & CASH EQUIVALENTS BALANCE AT DATE OF DEATH 7,606,333 100.0000 5 1,320 Shares PNC FINL SVCS GROUP INC COM NYSE CUSIP: 693475105 67,492 100.0000 6 100,000 Par PHILADELPHIA PA AUTH FOR INDL VAR RATE DTD:03/27/03 MAT: 03/01/2027 ~ CUSIP: 717818K31 100,000 100.0000 7 100,000 Par ALLENTOWN PA COML & INDL DEV A VAR REV B DTD: 12/16/1999 MAT: 12/1/2029 CUSIP: 018433AF9 100,000 100.0000 ' i Total (Carry forward to main schedule) 21 09 1048 Taxable Value 0 0 0 7,606,333 0 67,492 0 100,000 0 100,000 7,873,825 Estate of: RICHARD E JORDAN Schedule G (Page 3) Item DOD Value No Description of Asset ~ Interest Exclusion 8 100,000 Par CHESTER CNTY PA INDL DEV AUTH VAR REV B DTD: 7/3/01 MAT: 7/1/2031 CUSIP: 165588BT0 100,000 100.0000 9 800 Shares CARLISLE COS IN COM NYSE CUSIP: 142339100 25,432 100.0000 10 65,444 Shares HARSCO CORP COM NYSE CUSIP: 415864107 2,110,242 100.0000 Dividend accrued on 10/29/2009 13,089 100.0000 11 160 Shares HARTFORD FINL SVGS GROUP INC COM NYSE CUSIP: 416515104 4,002 100.0000 12 1,388 Shares INTERNATIONAL BUSINESS MACHS COM NYSE CUSIP: 459200101 169,773 100.0000 13 160 Shares ITT CORP NEW COM NYSE CUSIP: 450911102 8,636 100.0000 14 1,000 Shares JOHNSON & JOHNSON CUSIP: 478160104 59,765 100.0000 15 2,557 Shares LINCOLN NATL CORP IND COM NYSE CUSIP: 534187109 63,324 100.0000 Dividend accrued on 10/29/2009 26 100.0000 16 104 Shares TRAVELERS COMPANIES INC COM NYSE CUSIP: 89417E109 5,337 100.0000 21 09 1048 Taxable Value 0 100,000 0 25,432 0 2,110,242 13,089 0 4,002 0 169,773 0 8,636 0 59,765 0 63,324 26 0 5,337 ' ~ Total (Carry forward to main schedule) 2,559,626 Estate of: RICHARD E JORDAN Schedule G (Page 4) Item DOD Value No Description of Asset ~ Interest Exclusion 17 161 Shares TRONOX INC COM CL B OTHER OTC CUSIP: 897051207 18 2,054 Shares COVIDIEN PLC SHS NYSE CUSIP: G2554F105 Dividend accrued on 10/29/2009 19 2,054 Shares TYCO ELECTRONICS LTD SWITZERLD NYSE CUSIP: H8912P106 20 2,054 Shares TYCO INTERNATIONAL LTD NYSE CUSIP: H89128104 ~` ~~ ~r ~r 61 100.0000 86,674 100.0000 370 100.0000 44,829 100.0000 69,651 100.0000 21 09 1048 Taxable Value 0 61 0 86,674 370 0 44, 829 0 69, 651 ' ~ Total (Carry forward to main schedule) 201,585 REV-1511 EX+(10-06) SCHEDULE H ~ FUNERAL EXPENSES & COMMONWEALTH OF PENNSYLVANIA AI'1MINICTRATIVF [:C)STS ..., .~..,_..,,..- T.., ~~T, ,~.~ ESTATE OF FILE NUMBER RICHARD E JORDAN 21 09 1048 _ . Debts of decedent must be reported on Schedule 1. - ITEM NUMBER DESCRIPTION _ AMOUNT A. FUNERAL EXPENSES: ~ MYERS-HARNER FUNERAL HOME, INC 1903 MARKET STREET i CAMP HILL, PA 17011 4,246 ~~ ~~ B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) M & T BANK Street Address 213 MARKET STREET City HARRISBURG State PA Zip 17101-2127 Year(s) Commission Paid: 2 3 Attorney Fees Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant ~~ 4. 5. 6. 7. 1 ~~ ~~ Street Address City State Zip _ Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees LOGAN COURT C C/O PMI PO BOX 622 LEMOYNE, PA 17043-0622 QUARTERLY CONDO ASSESSMENTS Total from continuation schedules 224,500 112,000 3, 500 8,124 TOTAL (Also enter on line 9, Recapitulation) ~ $ 3 52 , 3 7 0 • 7W46AG ~ o00 (If more space is needed, insert additional sheets of the same size) Estate of: RICHARD E JORDAN 21 09 1048 Schedule H Part 7 (Page 2) 2 KERRY PAE AUCTIONEERS 2 CHICKADEE CIRCLE PALMYRA, PA 17078 APPRAISAL FEE FOR TANGIBLE PERSONAL PROPERTY 225 3 RSR APPRAISERS & ANALYSTS 3 LEMOYNE DRIVE SUITE 100 LEMOYNE, PA 17043 APPRAISAL FEE FOR 3620 LOGAN STREET 4-C 350 4 PPL ELECTRIC UTILITIES 2 NORTH 9TH STREET RPC-GENN1 ALLENTOWN, PA 18101-1175 PAYMENT FOR MONTHLY ULILITIES 792 5 SES INS BROKERAGE SERV. INC P O BOX 4028 TUSTIN, CA 92781 MASTER TRUST PREMIUM 59 6 ROBERT C. SHERWOOD 18 GUNPOWDER ROAD MECHANICSBURG, PA 17050 TAX PREPARATION FEE FOR 2009 FEDERAL & STATE INDIVIDUAL INCOME TAX RETURNS 650 7 RHOADS & SINON LLP ONE SOUTH MARKET SQUARE HARRISBURG, PA 17101 REIMBURSEMENT OF ADVERTISING EXPENSES PAID TO PARTIOT NEWS & CUMBERLAND LAW JOURNAL 316 8 L B SMITH REIMBURSEMENT FOR CAR TITLE 23 9 ALLSTATE INSURANCE COMPANY P. O. BOX 3576 AKRON, OH 44309-3576 INSURANCE PREMIUM EXPENSE FOR PERSONAL RESIDENCE 251 10 CUMBERLAND COUNTY REGISTER OF WILLS PROBATE FEES 5,458 ~ Total (Carry forward to main schedule) 8,124 • REV-1512 EX + (12-08) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS ESTATE OF '~ RICHARD E JORDAN FILE NUMBER 21 09 1048 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH ~~ INTERNAL REVENUE SERVICE • FEDERAL GIFT TAXES PAID AFTER DATE OF DEATH 39,656 2 MICHAEL LANGAN, TREAS 230 SOUTH SPORTING HILL ROAD MICHANICSBURG, PA REAL ESTATE TAXES 3 CONTINUING CARE RX PRESCRIPTON DRUG EXPENSE 4 PPL ELECTRIC UTILITIES 2 NORTH 9TH STREET RPC-GENN1 S ALLENTOWN, PA 18101-1175 PAYMENT FOR MONTHLY ULILITIES 5 MARK B COHEN, O.D. OPTOMETRY 3701 WALNUT STREET HARRISBURG, PA 17109-2562 MEDICAL PAYMENT 6 BETHANY VILLAGE NURSING HOME NURSING HOME EXPENSE 7 LOGAN COURT C • C/O PMI PO BOX 622 LEMOYNE, PA 17043-0622 QUARTERLY CONDO ASSESSMENT 8 INTERNAL REVENUE SERVICE INTEREST AND PENALTY PAID FOR LATE FILING OF 2008 GIFT i TAX RETURNS (FORM 7 0 9 ) ~~ ~~ 563 1,202 339 20 1, 043 1, 750 717 TOTAL (Also enter on Line 10, Recapitulation) ~ $ _ 4 5 , 2 9 0 • swasAH 2.00o If more space is needed, insert additional sheets of the same size. • REV-1513 EX+ (11-08) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF ~~ ~~ I` ~~ ~~ 1 1 1~ FILE NUMBER RICHARD E JORDAN 21 09 1048 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE ( TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).) 1. SHARON N. JORDAN 4 FOXTAIL COURT MECHANICSBURG, PA 17055 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 27,000 Daughter-in-law 27,000 2 RICHARD E. JORDAN, III 304 N 27TH ST. CAMP HILL, PA 17011 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 Grandson 9,000 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPF:IATE. ~~ NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC110N 2113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN 1 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1 See Attached 1 TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 7 5 3 , 9 5 6 ' If more space is needed, insert additional sheets of the same size. • 8W46A12.000 Estate of: RICHARD E JORDAN Schedule J Part 1 (Page 2) ~' ~ I t em No. Description 3 JAMI J. HUTTON 4 FOXTAIL COURT ~ MECHANICSBURG, PA 17055 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 4 RICHARD E JORDAN TUW FBO BARBARA J SCHENCK C/O M&T BANK 50~ of Residue to RICHARD E JORDAN TUW FBO BARBARA J SCHENCK • C/O M&T BANK: 4,103,272 5 CLARK B. SCHENCK 439 NORTH CAROLINA STREET LANCASTER, PA 17603 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 6 SCOTT SCHENCK TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 7 DAVID HUTTON TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 8 HILARY SCHENCK TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 9 LECIA JORDAN TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 Relation Granddaughter Daughter's Trust Grandson Grandson Grandson Granddaughter Granddaughter 21 09 1048 Amount 9,000 4,103,272 9,000 9,000 9,000 9,000 9,000 1~ is Estate of: RICHARD E JORDAN Schedule J Part 1 (Page 3) Item No. Description 10 PAM SCHENCK ~~ ~~ ~r ~~ ~~ ~~ ~r TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 9,000 11 RICHARD E JORDAN TUW GST FBO BARBARA J SCHENCK C/O M&T BANK General Bequests: 1,000,000 12 RICHARD E. JORDAN, II 4 FOXTAIL CT MECHANICSBURG, PA 17055 HOUSEHOLD FURNISHINGS AND PERSONAL EFFECTS Inventory Value: 3,335 MISCELLANEOUS COINS Inventory Value: 1,939 LOUISE R JORDAN C/T/W (QTIP) ACCOUNT # 80027 THIS WAS QUALIFIED TERMINABLE INTEREST PROPERTY CREATED UNDER ITEM VII OF THE WILL OF LOUISE K JORDAN (DOD 5-3-2002). A MARITAL DEDUCTION WAS CLAIMED BY HER ESTATE UNDER IRC CODE SECTION 2 0 5 6 (B) ( 7) THEREFORE , THIS TRUST IS INCLUDIBLE IN THE DECEDENT'S ESTATE. SEE COPY OF ESTATE VALUATION STATEMENT AS OF DATE OF DEATH ATTACHED. (A COPY OF SPOUSE'S WILL IS ATTACHED) Inventory Value: 1,319,318 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 47,000 50~ of Residue: 4,103,272 Relation Granddaughter Daughter's Trust Son 21 09 1048 Amount 9,000 1,000,000 5,474,864 ~~ i• Estate of: RICHARD E JORDAN Schedule J Part 1 (Page 4) Item No. Description ~~ ~~ ~r ~~ ~~ ~~ ~~ ~~ 13 RICHARD E JORDAN TUW GST FBO RICHARD E JORDAN II M & T BANK General Bequests: 1,000,000 14 LOUISE K JORDAN TUW FBO BARBARA J SCHENCK C/O M&T BANK LOUISE K JORDAN C/T/W (QTIP) ACCOUNT # 80027 THIS WAS QUALIFIED TERMINABLE INTEREST PROPERTY CREATED UNDER ITEM VII OF THE WILL OF LOUISE K JORDAN (DOD 5-3-2002). A MARITAL DEDUCTION WAS CLAIMED BY HER ESTATE UNDER IRC CODE SECTION 2056(B)(7) THEREFORE, THIS TRUST IS INCLUDIBLE IN THE DECEDENT'S ESTATE. SEE COPY OF ESTATE VALUATION STATEMENT AS OF DATE OF DEATH ATTACHED. (A COPY OF SPOUSE'S WILL IS ATTACHED) Inventory Value: 49,695 15 BARBARA J. SCHENCK 3610 LOGAN CT, #6B CAMP HILL, PA 17011 1999 LINCOLN TOWN CAR EXECUTIVE 4D Inventory Value: 4,125 HOUSEHOLD FURNISHINGS AND PERSONAL EFFECTS Inventory Value: 3,335 MISCELLANEOUS COINS Inventory Value: 1,939 TRANSFERS MADE WITHIN ONE (1) YEAR OF DECEDENT'S DEATH. Inventory Value: 47,000 Relation Son's Trust Daughter's Trust Daughter 21 09 1048 Amount 1,000,000 49,695 56,399 ~~ .r.~ Estate of: RICHARD E JORDAN Schedule J Part 2B (Page 1) Item No. Description 1 ~~ ~~ ~~ ~~ RICHARD E & LOUISE K JORDAN FOUNDATION C/O RICHARD E JORDAN II 4 FOXTAIL COURT MECHANICSBURG, PA 17015 General Bequests: 500,000 RICHARD E JORDAN, SR AND LOUISE K JORDAN CHARITABLE REMAINDER ANNiTITY TRUST. THIS TRUST WAS CREATED ON 1/25/2001 WITH WACHOVIA BANK, N.A. AS TRUSTEE. UPON THE DEATH OF THE DECEDENT, THE TRUSTEE SHALL DISTRIBUTE ALL OF THE THEN PRINCIPAL AND INCOME TO THE RICHARD E. AND LOUISE K. JORDAN FOUNDATION. THE CRAT HAD A DATE OF DEATH VALUE OF $260,198.00 AND OF THIS TOTAL, $6,243.00 WAS THE FINAL PAYOUT DUE TO THE DECEDENT'S ESTATE. THE REMAINING BALANCE OF $253,956.00 QUALIFIES FOR THE CHARITABLE DEDUCTION. Inventory Value: 253,956 21 09 1048 Amount 753,956 ~~ LAST WILL AND TESTAMENT OF • RICHARD E. JORDAN > tn- ~ _ tJ~ O;igir.ai paid by Rha~cis & Sion i_LP • ~ I, RICHARD E. JORDAN, of Hampden Township, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do make, publish anti declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me at any time • previously made. I am a widower and my children are R.IC~tARD E. JORDAN, II and L~cARBARA J. SCHENCK. As used herein the term "my children" shall refer to my aforelisted children. • ITEM I - TA.,XES: All inheritance, estate and similar taxes becoming due by reason of my death, except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the Internal Revenue Code of 1986, as amended ("Death Taxes"), • whether such Death Taxes shall be payable by my estate or by any recipient of any property, shall be paid by my Executor out of the property passing under ITEM VI of this Will as an expense and cost of administration of my estate; provided, however, that if any property held in any • testamentary or inter vivos Trust created by my late wife, LOLJISE K. JORDAN ("My Wife'"), is includable in my estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in my estate for the purposes of that Death Tax shall be paid out of • such property or by the recipients of such property; and, if such Death Taxes are nevertheless paid by my Executor, I direct my Executor to obtain reimbursement or contribution for any such taxes paid by my Executor. Except to the extent above provided, my Executor shall have no duty .. • 582314.2 . Page 1 of 13 pages • ,;. - try 4-'~+i .. ~.: ...-. ,':::~'„ or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insurance or other property not passing under this `'Vill. ITEM II -POWERS OF APPOINTMENT: I hereby exercise all powers of ~ appointment which I may have at the time of my death in favor of my Executor, and. all property subject to all such powers of appointment shall be included in my estate and be gov~:rned by the provisions of this Will; provided, however, that I specifically decline to exercise any power of ~ appointment given to me in any Will, Codicil, Agreement of Trust or other instrument executed by My Wife; and further provided that this exercise shall not be deemed a nomination under any agreements to which I am a party. S. ITEM III -TANGIBLE PERSONAL PROPERTY: I give and bequeath any automobiles which I own at my death to my daughter, BARBARA J. SCHENCK ("My I• ~- Daughter"), if she survives me. I give and bequeath all of my household furniture anal furnishings, books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel and all other like articles of household or personal use or adornment to my children living at my death in as nearly equal shares as they shall select under the supervision of my Executor; provided, however, that if any such articles cannot be fairly divided or distributed.in kind in the opinion of my Executor, such articles shall be sold and the proceeds of sale shall pass as a part of m~ residuary estate. ITEM IV - BECJUEST TO. FOUNDATION: I give and bequeath the sum of FIVE F[UNDRED THOUSAND DOLLARS I• {$500,000.00} to THE RICHARD E. AND LOUISE K. JORDAN FOUNDATION, a Pennsylvania non-profit corporation, for its general purposes. ~I'EM V -GENERATION SKIPPING TRUSTS: I give and bequeath a sum equal to my generation skipping transfer tax exemption [~ provided in Section 2631 of the Internal Revenue Code of 1986, as amended, reduced by the amount that has been allocated by me or my Executor to any other transfer of mine during my ~ Page 2 of 13 pages . ~ ~ _. lifetime, following my death or otherwise, to my Trustee hereinafter named, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with this ITEM for the benefit of my issue; provided, however, that in all .events, the bequest under this ITEM shall not exceed Two Million Dollars ($2,000,000.00). - (a) My Trustee shall divide the principal of such Trust into as many equal shares as there are (1) children of mine living at my death and (2) deceased children of mine who have issue living at my death. Each share created with respect to a living child ~ of mine shall constitute a separate trust estate to beheld, administered and disposed of for the benefit of such child in accordance with the following paragraph (b) (the "Child's Generation Skipping Trust"). Each share created with respect to issue of a deceased child of mine shall be distributed to the deceased child's issue living at my death, der stirpes; provided, however, that should any such issue not then have attained the age of thirty-five ~ (35) years, each such issue's share shall be retained by my Trustee as a separate trust estate to beheld, administered and disposed of for the benefit of each such issue in .accordance with the following paragraph (c) (the "Grandchild's Generation Skipping Trust"). (b) My Trustee shall have, hold, manage, invest and reinvest the assets of each ~ Child's Generation Skipping Trust, collect the income and (1) ~ Pay to the beneficiary of the Child's Generation Skipping Trust (the "Child") the net income derived from the Trust, in installments not less frequently than quarterly. In addition, my i Trustee shall pay to or for the benefit of the Child such amounts of the principal of such Child's Generation Skipping Trust as, in the sole discretion of my corporate Trustee; maybe necessary for the maintenance, support, and medical and nursing care of the Child, taking into consideration any other means readily available for such purposes. Principal of any Child's Generation Skipping Trust for the beriefit of My Daughter uri~ier this paragraph shall not be invaded for My Daughter until all principal in the BARBARA SCHENCK TRUST under ITEM VII hereof has been exhausted. ~ (2) Upon the death of the Child, the undistributed income and principal of the Child's Generation Skipping Trust shall be distributed to the Child's issue living.at the death of the Child, per stirpes; or, if the Child has no issue then living, to my issue living - at the death of the Child, per stirpes; provided, however, that - ~ should any such issue be a child of mine, such child's share shall be retained by my Trustee to be held, administered and disposed of for the benefit of such child in accordance with this ITEM V(b} (the r ~ ~ Page 3 of 13pages ¢>. • I• "Child's Generation Skipping Trust"}, or should any such issue be other than a child of mine and such issue have not then have attained the age of thirty-five years, each such issue's share shall be retained by my Trustee as a separate trust estate to be held, administered and disposed of for the benefit of such issue in accordance with the following paragraph (c). (c) My Trustee shall have, hold, manage, invest and reinvest the assets of each Trust for a Child's issue (the "Grandchild's Generation Skipping Trust"), collect the income and C~ Ir I~ I• I• 1• 1~ (1) Until the beneficiary of the Grandchild's Generation Skipping Trust (the "Beneficiary") shall have attained the age of twenty one years; my Trustee shall from time to time pay to or for the benefit of the Beneficiary such amounts of the net income and principal of the Trust as, in the sole discretion of my Trustee, may be necessary for the Benef ciary's maintenance, support, medical and nursing care and education, taking into consideration any other means readily available for such purposes. At the end of each year any unexpended income shall be added to the principal of the Trust. (2) After the Beneficiary shall have attained the age of twenty- one years, my Trustee shall thereafter pay to the Beneficiary the net income derived from the Grandchild's Generation Skipping Trust in installments not less frequently than quarterly and such amounts of the principal, as in the sole discretion of my Trustee, maybe necessary for the Beneficiary's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. (3) When the Beneficiary shall have attained the age of thirty years, my Trustee shall distribute one-half of the then principal of the Trust outright to the Beneficiary. After the Beneficiary shall have attained the-age of thirty-five years, my Trustee shall distribute the remaining principal and any undistributed income of the Trust outright to the Beneficiary. If a Beneficiary shall die before final distribution of the assets of the Grandchild's Trust is made, the then remaining principal and any undistributed income of the Grandchild's Trust shall be distributed to the Beneficiary's issue then living, per stirpes; or if the Beneficiary shall have no issue then living, to-the issue then living of the parent of the Beneficiary who was a child of mine, per stirpes, or, if such parent shall have no issue then living, to my issue then living, per stirpes; Page 4 of l ~ `p:age~ n U Ir provided, however, that if any distributee is then a beneficiary of a Grandchild's Generation Skipping Trust hereunder at the time of distribution for the benefit of a distributee under this ITEM V(c)(3), such distributee's share shall be added to the principal of his or her existing Grandchild's Generation Skipping Trust and be held, administered and disposed of as a part thereof. ITEM VI -RESIDUE: I direct that my Executor divide the rest, residue and I• I• I• I !~ I• remainder of my property, real, personal and mixed, not disposed of in the preceding; portions of this Will, into two equal shares, to be disposed of as follows: (a) One such equal share shall be paid outright to my son, RICH.A.RD E. JORDAN, II, if he is living at the time of my death. If RICHARD E. JORDAN, II, is not living at the time of my death, this share shall be paid to the issue of RICHARD E_ JORDAN, II living at my death, per stirpes; provided, however, if any such issue shall not then have attained the age of thirty-five (35) years, each such issue's share shall be distributed to my Trustee hereinafter named IN TRUST NEVERTHELESS as a separate trust estate to be held, administered and disposed of for the benefit of such issue in accordance with ITEM VIII (the "Grandchild's Trust"). If RICHARD E. JORDAN, II is not living at the time of my death and has no issue living at the time of my death, this share shall pass pursuant to ITEM VI(b) hereof. (b) The Qther such equal share shall be distributed to my Trustee hereafter named, IN TRUST NEVERTHELESS, to beheld, administered and disposed of for the benefit of My Daughter in accordance with the provisions of ITEM VII hereof (the "BARBARAA. J. SCHENCK TRUST"), if BARBARA J. SCHENCK is living at the time of my death. If BARBARA J. SCHENCK is not living at the time of my death, this share shall be paid to the issue of BARBARA J. SCHENCK living at my death, per stirpes; provided,- however, if any such issue shall not then have attained the age of thirty-five (35) years, each such issue's share shall be distributed to my Trustee as a separate trust estate to be held, administered and disposed of for the benefit of each such issue in accordance with ITEM VIII hereof (the "Grandchild's Trust"). If BARBARA. J. SCHENCK is not living at the time of my death and has no issue living at the time of my death, then this share shall pass pursuant ~to ITEM VI(a) hereof. ITEM VII -BARBARA J. SCHENCK TRUST: My Trustee shall have, hold, . I• Ir manage, invest and reinvest the assets of the BARBARA J. SCHENCK TRUST, collect the income and J'''age S of l3 ~:-ages .- ~ ~ . I! [, J I• (a) Pay to My daughter, BARBARA J. SCHENCK, for her lifetime,.the net income derived from the Trust, in installments not less frequently than quarterly. In addition, my Trustee shall pay to or for the-benefit of My Daughter such amounts of the principal of such Trust as, in the sole discretion df my Trustee, maybe necessary for the maintenance, support, and medical and nursing care of My Daughter, taking into consideration any other means readily available for such purposes. (b) My Daughter may by Will making specific reference to this power, appoint all or any portion of the assets of the BARBARA J. SCHENCK TRUST to or for the benefit of such person(s) or corporation(s) or other entity(ies), or My Daughter's estate, in such amounts or proportions, and in such lawful interests or estates, whether absolutely or in trust, as My Daughter may appoint by such Will. This general power of appointment shall be exercisable by My Daughter alone and in all events. (c) Upon the death of My Daughter, the undistributed income .and principal of the Trust, not appointed pursuant to the power given in paragraph (b) above, shall be distributed to My Daughter's issue living at the death of My Daughter, per stirpes; or, if My Daughter has no issue then living,. to my issue living at the death of My Daughter, per stirpes; provided, however, that should any such issue be other than a child of mine and such issue has not then have attained the age of thirty-five years, each such issue's share shall be retained by my Trustee as a separate trust estate to be held, administered and disposed of for the benefit of such issue in accordance with ITEM VIII (the "(Jandchild's Trust"). ITEM VIII - GR.ANDCHII,D'S TRUSTS: My Trustee shall have, hold, manage, I! I• I• I• li invest and reinvest the assets of each Grandchild's Trust, collect the income and (a) Until the beneficiary of the Grandchild's Trust (the "Grandchild") shall have attained the age of twenty-one years, my Trustee shall from time to time pay to or for the benefit of the Grandchild such amounts of the net income and principal of the Grandchild's Trust as, in the sole discretion of my Trustee, may be necessary for the Grandchild's maintenance, support, medical and nursing care and education, taking into consideration any other means readily available for such purposes. At the end. of each year any unexpended income shall be added to the principal of the Grandchild's Trust. (b) After the Grandchild shall have attained the age of twenty-one years, my Trustee shall thereafter pay to the Grandchild the net income derived from the Grandchild's Trust in installments not less frequently than quarterly and such ~unounts of the principal, as in the sole discretion of my Trustee, maybe necessary for the . Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. _, . Page ~~;of l ~~;pa~;es ~~ I• I• I• (c) When the Grandchild shall have attained the age of thirty years, my Trustee shall distribute one-half of the then principal~of the Grandchild's Trust outright to the Grandchild. After the Grandchild shall have attained the age of thirty-five years, my Trustee shall distribute the remaining principal and any undistributed income of the Grandchild's Trust outright to the Grandchild. If a Grandchild shall die before final distribution of the assets of the Grandchild's Trust is made, the remaining principal and any undistributed income not appointed under the following paragraph (d) of this ITEM VIII shall be distributed to the Grandchild's issue then living, per stirpes; or, if the Grandchild shall have no issue then living, to the issue then living of the parent of the Grandchild who was a child of mine,-per stirpes, or, if such parent shall have no issue then living, to my issue then living, per stirpes.~ Subject in all events to the restrictions of this ITEM VIII should any such beneficiary not then have attained the age of thirty-five years. (d) The.Grandchild may by Will making specific reference to this power, appoint all or any portion .of the assets of the Grandchild's Trust to or for the benefit of such person(s) or corporation(s) or other entity(ies), or the Grandchild's estate, in such amounts or proportions, and in such lawful interests or estates, whether absolutely or in trust, as the Grandchild may appoint. This general power of appointment shall be exercisable by the Grandchild alone and in all events. ITEM IX -LIMIT ON TERM OF TRUSTS: Nothing herein is intended to, nor I• I! shall it be construed to, postpone the vesting of any part of the assets of any separate trust estate hereunder for more than twenty-one years after the death of the survivor of me and my issue living at the time of my death. At the expiration of such period the assets of all the separate trust estates hereunder shall immediately vest in fee simple absolute in and be distributed outright to the person or persons then entitled to receive the income therefrom, whether in my Trustee's discretion or otherwise. ITEM X -SPENDTHRIFT PROVISIONS: No part of the income or principal of I• ~- It the property held under any Trust created hereunder shall be subject to attachment, le`y or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to the beneficiary's actual receipt thereof. My Trustee shall pay over the net income and the principal to the beneficiaries herein designated, as their interests may appear, without regard to any attempted anticipation (except as maybe specifically provided herein and except for any . ~~ J disclaimer), pledging or assignment by any beneficiary under any Trust created hereunder and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. ITEM XI -SURVIVAL PRESUMPTIONS: Any person who shall have died at the same time as I or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased me: Any person other than me who shall have died at the same time as any then beneficiary of income of my estate or a Trust created hereunder or under such circumstances that it is difficult or impossible to determine who shall died first, shall be deemed to have predeceased such beneficiary. ITEM XII -FIDUCIARY POWERS: In the settlement of my estate and during I• I• the continuance of any Trust created hereunder, my Executor and my Trustee shall possess, among others, the following powers, exercisable without prior court approval, but in all cases to be exercised for the best interests of the beneficiaries: (a) To retain any investments I may have at my death so long as my Executor or Trustee may. deem it advisable to my estate or Trust so to do, including securities owned, issued or underwritten by any corporate Executor or Trustee or any of their affiliates. (b) To vary investments, when deemed desirable by the Trustee, and to invest in every kind of property and type of investment, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates, or as to which such Trustee or its affiliate acts as investment advisor, as the Trustee shall deem wise. I• I• (c) In order to effect a division of the principal of my estate or Trust or for any other purpose, including any final distribution of my estate or Trust, my Executor or Trustee is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, my Executor or Trustee shall divide or distribute said assets in a manner which will fairly allocate any unrealized appreciation among the beneficiaries. r P~a~ ,cif 1-~ pa;-es ~ .. . _ ~.~~' } ,Y..~ - , i • I• I! (d} To sell either at public or private sale and upon such terms and conditions as my Executor or Trustee may deem advantageous to my estate or Trust, any or all real or personal estate or interest therein owned by my estate or Trust severally or in conjunction with other persons or acquired after my death by my Executor or Trustee; and to consummate said sale or sales by sufficient deeds or. other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which maybe necessary or desirable in carrying out any of the powers conferred upon my Executor or Trustee in this paragraph or elsewhere in this Will. (e} To mortgage real estate and to make leases of real estate for any term. ~• . I• I• I• (f) To borrow money from any party, including my Executor or 7.'rustee, to pay indebtedness of mine or of my estate or Trust, expenses of administration, Death Taxes or other taxes. (g) To pay all costs, expenses, legally enforceable debts, funeral a:xpenses and charges in connection with the administration, of my estate or Trust. (h) To vote any shares of stock which form a part of my estate or Trust and to otherwise exercise all the powers incident to the ownership of such stock and to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. (i) In the discretion of my Executor or Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of my estate or Trust. (j) To assign to and hold in my estate or Trust an undivided portion of any asset. (k) To hold investments in the name of a nominee. (1) To compromise controversies. I• 11 I• (m) To disclaim, in whole or in part, any and all interests in property owned by me at the time of my death, including those passing to me by Will, intestacy, contract, joint ownership, operation of law or otherwise. . (n) To divide any Trust hereunder into two or more separate, but identical, Trusts. To divide any Trust hereunder which would have a generation skipping transfer tax inclusion ratio other than one (1) or zero (0), into two (2) separate Trusts which are fractional shares, known as the "exempt Trust" and the "nonexempt Trust". The exempt •~x ,.x I• I• Trust is that fractional share of the total Trust fund that has a generation skipping transfer tax inclusion ratio of zero (0), and the nonexempt Trust is the remaining fractional share of the Trust, with a generation skipping transfer tax inclusion ratio of one (1). The terms and conditions of the nonexempt Trust and the exempt Trust will be identical. Any reference to a Trust created under this Will, without a further specification or limitation, shall be deemed to refer to both the exempt Trust and the nonexempt Trust, in proportionate amounts, where relevant. The assets of each separate exempt and nonexempt Trust shall be held, administered and invested as separate Trusts, and my Trustee shall maintain adequate accounting and records for both such Trusts. My Executor shall indicate on the federal estate tax return filed for my estate that separate Trusts will be created (or funded) and clearly set forth the manner in which the Trust is to be severed and the separate Trusts funded. (o) To designate one or more persons or a corporation to act as ancillary fiduciary in any jurisdiction in which ancillary administration maybe necessary, such ancillary fiduciary to serve without bond or security end to have all powers, authorities and discretions conferred hereunder. (p) To employ and compensate from income or principal, in the discretion of my Executor or Trustee, investment and legal counsel, accountants, brokers -and other specialists, and, whenever there shall be no corporate Executor or Trustee in office, a corporate custodian, and to delegate to investment counsel discretion with respect to the investment and reinvestment of any or all of the assets held hereunder. ITEM XIII -EXCULPATORY CLAUSES : In the settlement of my estate:. I• [~ I• 1• 1• (a) My Executor shall not be personally liable for loss to my estate or to my spouse's estate or to any beneficiary of either estate resulting from my Executor's decision made in good faith whether or to what extent to elect on the federal estate tax return prepared on behalf of my estate to have a portion or all of certain "qualified terminable interest property" treated as having passed to my spouse in order to qualify for the federal estate tax marital deduction. (b) My Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from an election made in good faith to claim a deduction as an income tax deduction or as an estate tax deduction; nor, as a result of such election, shall any compensating adjustments be made between income and principal or in the amount of any gift under this-Will to my spouse intended to qualify~for the marital .deduction for federal estate tax purposes. (c) In valuing property in my gross estate for the purposes of any death Tax, my Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from my Executor's decision made in good faith to use a particular valuation date; nor, as a result of such decision, shall any compensating adjustment be Page„1G of ? ~ .pages - - ~-_ - y..; ~ made in the amount of any gift under this Will to my spouse intended to qualify for the marital deduction for federal estate tax purposes. ITEM XTV -CUSTODIAN OF ESTATE OF MINORS: If at any time any minor • shall be entitled to receive any assets free of Trust by reason of my death, whether payable hereunder, by operation of law or otherwise, I appoint MANUFACTURERS AND TRADERS TRUST COMPANY, Harrisburg, Pennsylvania (or any person designated by it), as Custodian for ~ such individual under the Pennsylvania Uniform Transfer to Minors Act. ITEM XV -TRUST MERGERS AND TERMINATIONS: ~ (a) If there should be established by any other person, either by Last Will and Testament or by inter vivos Deed or Agreement, Trusts similar to the Trusts herein established for the benefit of my issue, my Trustee shall have the right and power to merge Trusts herein established with similar Trusts for the same beneficiaries established ~ by such other person and to operate each of the merged Trusts as a single Trust.. (b) If, in the opinion of my Trustee, at any time any Trust hereunder is or becomes too small to justify its maintenance as a separate Trust, my Trustee, in my Trustee's sole discretion and without the necessity of court approval, shall terminate such Trust by distributing all the income and principal of the Trust to the then income ~ beneficiary of said Trust. If any additions to any such Trust are received after its termination under this ITEM, such Trust shall be revived and this provision shall continue to apply to it. ~ ITEM XVI -EXECUTOR APPOINTMENT: I hereby appoint l~ZANUFACTURERS AND TRADERS TRUST COMPANY, Harrisburg, Pennsylvana, my son, RICHARD E. JORDAN, II, and my grandson, RICHARD E. JORDAN, III, to be my Co- ~ Executors. If for any reason any of them should fail or cease to act, the other(s) shall act or continue to act with all of the powers granted to the three of them. My individual, non-corporate Executors, by unanimous vote or my sole surviving individual non-corporate Executor. if only one is acting hereunder, shall be authorized, by written notice directed to the Executor, to remove any corporate Executor, for any reason, with or without cause and without court approval, and • P~~e 1 ~ o~: ~ j.3 pages ~~ . ~ may replace said corporate Executor with another corporate Executor or leave such office vacant, as such individual Executor(s) so determine. All references in this Will to my "Executor"-shall refer to~ my Co--Executors and my sole surviving Executor, as the case maybe. • ITEM XVII -TRUSTEE APPOINTMENT: I hereby appoint 1~ZANUFACTURERS AND TRADERS TRUST COMPANY, my son, RICHARD E. JORDAN, ~ II, and my grandson, RICHARD E. JORDAN, III, as Co-Trustees of any Trust createci hereunder. If for any reason either of my non-corporate Trustees should fail or cease to act, the other shall act or continue to act. So long as a Trustee is a beneficiary under any Trust hereunder such • Trustee shall not (i) participate in any discretionary determination of the Trustee to distribute principal or income of such Trust to or for the benefit of such beneficiary or to his or :her issue; or (ii) participate in any discretionary determination of the Trustee to terminate said Trust.under the • ITEM hereof entitled "TRUST MERGERS AND TERM]NATIONS". An individual Trustee shall be deemed to have failed to serve as Trustee hereunder if, among other reasons, the treating, physician of said individual Trustee shall certify in writing that such Trustee possesses • permanent mental or physical incapacities which preclude such Trustee from discharging his or her duties as Trustee hereunder. My individual, non-corporate Co-Trustees acting jointly or sole surviving individual Co-Trustee acting alone, shall be authorized, by written notice directed to • - - the Trustee, to remove any corporate Trustee, for any reason, without cause and without Court approval; provided, however, that said corporate Trustee must be replaced with another corporate Trustee having fiduciary powers, and they shall in the same way fill any vacancy in the office of • corporate trustee. Any Trustee serving hereunder shall have the right to resign from such office at any time, with or without cause and without Court approval. No successor Trustee shall be - liable for the actions of a resigning or removed Trustee occurring prior to such successor Trustee • taking office. All references in this Will to my "Trustee" shall refer to my originally named Co- Trustees or to my sole successor Trustee, as the case may be. - • .G , ITEM XVIII - FIDUCIARY COMPENSATION: Any Custodian, Executor or Trustee shall qualify and serve without the duty or obligation of filing any bond or other security. Any corporate fiduciary shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when the services are rendered. Coinpensation payable to my individual fiduciary shall be in addition to that payable to the corporate fiduciary. IN WITNESS WHEREOF, I have set my hand and seal to this, Tray Last Will and Testament, consisting of this and the preceding twelve (12) pages, this ~ -~ Tfi ! day of Q L (;t~r~~1 ~3C-/'` , 2005. Richard E. Jord We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above-named Testator as and for his Last Will and Testament, in the presence of us, who, at his request and in his presence and in the presence of each other; have hereunto set our hands and seals the day and year above written, and we certify that at the time of d Testator was of sound and disposing mind and memory. • • EAL) Residing at: 3 c ~ ~ 1 p. •-~ " EAL) Residing at: ~~ ~ `t ~~ ~~•z~-mil ~ " -lam . ~ ~~~^ZJ . Page 13 of 13 pages t ~ ,,.°~,_ _ _ _ .. _. COMMONWEALTH OF PENNSYLVA1vIA COUNTY OF DAUPHIN SS: We, RICHARD E. JORDAN," ~ _ and L . ECG ~:~~~c~l -', the Testator and the itnesses, respectively, whose names are signed the foregoing instrument, having been sworn, do hereby declare to the undersigned officer that the Testator, in the presence of the Witnesses, signed said instrument as his Last Will and Testament, that he signed voluntarily, that each of the witnesses, in the presence of the Testator and of each other, signed said Will as a witness and that to the best of the knowledge of each witness, the Testator was at the time of sound mind and under no constraint or undue influence. Subscribed and acknowledged before me by RICHARD E. JORDA:(~I, the Testator, -and subscribed and sworn to before me by ~'~z~ and L,~ ~ ~~~-zCo ,the witnesses, on this ~/ ~~ay of December, 2005. I i ~~ ~ N Public M Commission Expires: • (SEAL) COAIii~.4crys~il~4`Er;i.Ti-i aF f'E~vNSY~VANIA I• Notarial Seal Yvonne R. Durham, Notary Public City Of Harrisburg, Dauphin County MY Commission Expires Aug. 20, 2009 Member, Pannsyivania flssociatiaq of Rotaries ~~ ~~ L.G. Connor Real Estate Appraisers Jordan Estate Individual Condominium Unit A raisal Re ort File# 09-123 KD • • a The purpose of this summa tip raisal report is to provide the lender/client with an accurate, and adequate) supported, opinion of the market value of the subject property. Pro a Address 3620 Lo an Street Ext. Unit # 4-C Cit Cam Hill State PA r Code 17011 Borrower NA Owner of Public Record Estate of Richard E. Jordan Coun Cumberland Le al DeSCri lion Deed Book 31X Pa a 299 Assessor's Parcel # 10-21-0275-3630000400 Tax Year 2009 R.E. Taxes $ 2 599.33 Pro' t Name Lo an Lane Court "C" Phase # 1 Ma Reference ADC 3117 J2 Census Tract 25420-0113.04 Occu ant Owner Tenant Vacant Special Assessments $ None HOA $ 583.34 per ear r rtrorth Pro ert Ri hts raised Fee Sim le Leasehold Other describe Assi nment T pe Purchase Transaction Refinance Transaction Other describe Estimated value as of the date of death Lender/Client Ran Le CTFA M8T Investment G Address 3607 Der Street Harrisbur PA 17111 Is the sub"ect pro cun'en offered for sale or has it been offered for safe in the twelve months prior to the effective date of this appraisal? Yes No Re ort data sources used offerin rice s and dates . Central Penn Mufti-List tnc. and online tax data 1 ^ did ^ did not analyze the cortract for sale for the subject purchase transaction. Explain the resurts of the analysis of the contract for sale or why the analysis was not erformed. NA : Contract Price $ NA Date of Contract NA 1s the property seller the owner of public record? Yes No Data Sources Online Tax Record Is there any financial assistance (loan charges, sale concessions, gift or downpaymert assistance, etc.) to be paid by any party on behalf of the borrower? ^ YES ^ NO ff Yes, report the total dollar amount and describe the items to be aid. NA Note: Race and the racial com osition of the nel hborhood are not a raisal factors. Location Urban Sutwrban Rural Pro Vakres Increasin Stable DecGni PRICE AGE One-Unit 85 % Built-Up Over 75% 25-75% Under 25% Demand/S Shosta a In Balance Over Su $ 000 rs 2-4 Unit 3'% Growth R id Stable Slow Marketin Time Under 3 mths 3-6 mths Over 6 mths 175 law New Mini-Fami 2 % • Nei hborhood Boundaries Located 'ust west of the Cam Hill Sorou h line bein in the far southeast 300 Hi h 30 Commercial 10 % corner of Ham en Townshi and north of Carlisle Pike. Nei hborhood is See Addendum 235 Pred. 20 Other % Nei hborhood Descri lion Schools sho i em b ent recreation and houses of worshi are all within walkin or a short drivi time. Avery e ro ert maintenance observed. Em to ent stabili is ood due to the State Ca ital in Harrisbur ,the Arm Su De of in New Cumberland and the Naval Su De tin Mechanicsbur .Stead vices and MLS statistics show a stable demand for the area. Market Conditions inckrdin su rt for the above Conclusions Coun tax records and MLS statistics show vices to be stable. The MLS shows that the ical marketi time for the area is 89 da s.Mort a e funds are available with conventional loans bei 4.25% to 5.25°!0, with u to 3 oints. Sellers are not re wired to offer sales or financi concessions but seller assistance is occurri .The econom continues to See Addendum To rah Sli ht slo Size Avera a Densi Avera a View Avera a Street S ecific Zoni Classification R-S Zonin Descri lion Residential Suburban Zoni Compliance L al Le al Nanconformin - Do the zoni ulations permit rebuilding to current densi ? Yes No No Zonin II al describe Is the highest and best use of subject roe as improved or as roposed per laps and specifications the present use? Yes No if No, describe Utilities Public Other (describe) Publk Other (descn'be) Off-site Improvements - T pe Public Private Electric 1Nater Street Macadam . Gas Sanity Sewer A1ie FEMA S cial Flood Hazard Area Yes No FEMA Fbod Zone X FEMA Map # 42041 C0277E FEMA Map Date 3-16-09 Are the utilities and off-site im rovemerts ical for the market area? Yes No ff No, describe Are there an adverse site conditions or external factors easements, encroachments, environmental condftions, land uses, etc. ? Yes No tf Yes, describe Standard easements for utilities. There are no known or a arent adverse easements encroachments or conditions noted. Data sources for ro' ct irdormation Pro a Mana ement tnc., ins coon and son. Pro' Descri lion ^ Detached Q Row or Townhouse ^ Garden Mid-Rise ^ High-fuse Other describe # of Stories 3 Exterior Wans Brick # of Units 7 # of Phases 1 # of Planned Phases # of Elevators 1 Roof Surface Shi le # of Units Co )sled 7 # of Unfts 7 # of Planned Units fxistin Pro ed Total # Parkin 2 # of Units For Sale 1 # of Units for Sale 1 # of Units for Sale Under Construction Ratio s aceslunits 2/1 # of Units Sold 7 # of Units Sold ~ 7 # of Urals Sold Year Built 1986 T Ca rt # of Units Rented 1 # of Units Rented 1 # of Units Rented Effective A e 15 ears Guest Parki Yes # of Owner Occupied Units 6 # of Owner Occupied Units 6 # of Owner Occupied Units Pro' Prima Occu nc Princi le Residence Second Home or Recreational Tenant Is the dev er/bralder in control of the Homeowners' Association OA ? Yes No -Mana ement Grou - Homeowners' Association Deveb er Mana emert A ert -Provide name of myna ement co an . Pro a Mana ement Inc. PMI 717- 730-4141 Contact: Suzan Samuets Does an si le en ' the same individual investor row , co oration, etc. own more than 10% of the total units in the ro'ect? Yes No If Yes Describe .' Was the ro'ect created by the cornersion of existin buiklin s into a condominium? Yes No If Yes, describe the on foal use and date of conversion. Are the units, common elements, and recreation facilities com lets includin an )tinned rehabilitation for a condominium conversion ? Yes No ff No, describe Is there an commercial s ace in the ro ect? Yes No It Yes, describe and indicate the overall ercerta a of the commercial s ace. Freddie Mac Form 465 March 2005 Page 1 of 6 Fannie Mae Form 1073 March 2005 • ' ~ Form 1073 'Wi~rrOTN." appraisal sofhvare by a I~..mode, inc. -1 fl(10-ALAMODE ~ z.+ •. ~. .. . ~~ ~~ ~~ 1 1 1 ~~ i Individual Condominium Unit Qnnraisal Report Jordan Estate FiIn,Y n9_193 KCl Describe the condition of the ro'ect and ual' of construction. Avera a for area. There are three se crate mid-rise buildi in the "Lo an lane Court" condominium ro'ect. Accordi to PMI sub'ect's buildi has a se crate homeowners' association and is considered se crate from the other buildi s. Building has been welt maintained and is of good construction. . Describe the Common elements and recreational faciltes. Green areas surround all of the buildi s. Part of the HOA fees is desi Hated to lawn care, snow removal etc. of the entire ro'ect. There are common hallwa and basement area. Are an common elements leased to orb the Homeowners' Association? Yes No h Yes describe the rental terms and o lions. Is the project sub'ect to a round rent? Yes No If Yes, S per ear describe terms and conditions Are the Arkin facilities ad uate for the ro'ect size and ? Yes No h No describe and comment on the effect on value and marketabil' . There is on street visitor arki in front of the buildi and at the end of the street. ~I did did not analyze the condominium project budget for the currert year. Explain the results of the anaysis of the budget (adequacy of fees, reserves,. etc.), or why the ana sis was not erformed. Accordin to PMt the bud et is ode uate and no increases in fees is anfici ated. Are there any other fees other than r ular HOA cha es far the use of the pro ect facilities? Yes No ff Yes, report the char es and describe. Com ared to other com eiitive ro acts of similar uali and desi n, the sub'ect unit char e a ears ®Hi h Avera a Low ti Hi h or Low, describe There are . onl 7 units in this HOA. Fees are at the u er end for condo deveb menfs. Are there arty special or unusual characteristics of the project (based on the condominium documents, HOA meetings, or other information) known to the appraiser? Yes No If Yes, describe and explain the effect on value and marketability. Unit Cha e S 583.34 r mordh X 12 = S 7 000.08 ear Annual assessment char a rear s ware feet of ross fivin area = S 2.93 UGNties included in the unit month assessmem None Heat Air Conditionin Electric' Gas Water Sewer Cable Other describe Floor # 2 Floors Ca et & Vin A Fir laces # 1 Refri erator None # of Levels 3 WaNs D II/A WoodStove s # Ran e/Oven tiara a Covered Open Heati T e HP Fuel Elec TrinVFnish WoodlPainted/A Deck/Patio Dis Microwave # of Cars 2 Central AC Indrtridual AC Bath Wainscot Ceramic Tile/A PorcfVBalcony Dishwasher Assi ned Owned Other describe Doors Wood/A Other Washer! er Parkin S ace # 2lunit Fnished area above rode contains: 7 Rooms 2 Bedrooms 2.5 Baths 2,387 S acre Feet of Gross Livin Area Above Grade Are the heatin and cooGn for the individual units se ante metered? Yes Na If No, describe and comment on com atibil' to other ro'ects in the market area. • Additional features s ecial ever efficiert items, etc. Fire face with marble surround• chair rail in livi room and dini room' heated orch enclosed with • wet bar and under counter refri erator• kitchen with vin floor, trash com actor wall oven Corian counter to sand desk' See Addendum Describe the condition of the ro mcludin needed re airs deterioration renovations remodekn etc.. Ph sisal de reciation is due to a e and deferred _ maintenance. Unit has been well maintained. The ma'ori of the unit has colonial blue car etin which ma decrease market a eal. Na functional or economic obsolescence were observed. Are there a h sisal deficiencies or adverse conditions that affect the Nvabil' ,soundness, or structural int ri of the ro ? Yes No tt Yes, describe There were no a crept functional inade uacies. There are no known or a crept adverse environmental conditions that would ne alive! im act on the value of the ro art . Does the ro era! conform to the nei hborhood unctional alit' a condition, use, construction, etc. ? Yes No H No describe t did did not research the sale or transfer histo of the sub'ect roe and com arable sales. K not, lain M research did did not reveal an prior sales or transfers of the sub'ect pr a for the three ears prior to the effective date of this ap sisal. Data sources Online Tax Assessment Office data M research did did not reveal an prior sales or transfers of the co arable sales for the ear prior to the date of sale of the com arable sale. • Data source 5 Online Tax Assessment data and Central Penn Multi-List Inc. Report the results of the research and ana sis of the prior sale or transfer history of the sub'ect prope and comparable sales re ort additional rior sales on a e 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior SaleJTransfer NA NA NA NA Price of Prior SaleJTransfer NA NA NA NA Data Sources Courthouse Records Courthouse Records Courthouse Records Courthouse Records • Effective Date of Data Source s • Anal sis of prior sate or transfer hist of the sub'ect prope and comparable sales. Prior sales of the com arable ro ernes occurred more than one ear a o. The sub'ect is not current! under contract or fisted in the o en market. Freddie Mac Form 465 March 2005 ~~ ~x'T' x~t~ ~ ... Page 2 of 6 Fannie Mae Form 1073 March 2005 Form 1073 "Wi?iTt;TAL" appraisal software by.a la=mode, inc. -1-800-ALAMODF : ;: ~~ ~ _ ._ .. I~ Individual Condominium Unit Appraisal Report Jordan Estate c~ie~r na_~~~ Kn ~~ ~1 1 ~~ 1 1 1 ~~ There are 'k'k~4 com arable ro ernes current offered for sale in the subject nei hborhood ran in in ice from $ 234 900 to $ 299,900 There are 13 com arable sales in the subject nei hborhaod within the ast twelve mom hs ran in in sale 'ce from $ 235 00 0 to $ 295 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address and 3620 Logan Street Ext., # 4-C Unit # Cam Hill PA 17011 1210 Waterford Cam Hill PA 17011 39 Kensington Square Mechanicsbu PA 17050 128 Ashford Cam Hill, PA 17011 Project Name and Logan Lane Court "C" Phase 1 Waterford 1 Village of Westover 1 The Enclave 1 Proximi to Sub'ect 2.49 miles NE 2.54 m1es W 1.25 miles E Safe Price $ NA $ 295 000 $ 220 000 $ 252,900 Sale Price/Gross Liv. Area $ s . ft. $ 143.20 s . ft. $ 90.16 s . ft. $ 104.98 s . ft. Data Sources Verification Sources Central Penn MLS Inc. CourthouseRecords~Ext.lns ect. Central Penn MLS inc. CourthouseRecords• Ext. Ins ect Central Penn MLS Inc. CourthouseRecords•Ext.lns ect VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Adjustment DESCRIPTION + - $ Adjustment DESCRIPTION + - $ Adjustment Sales or financing Concess'bns Cash None Conventional None Conventional None Date of Same 9-9-09 83DOM 9-23-09 44D0 6-26-09 14DOM Location Avera a Avera a Avera a Avera e Leasehold/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le HOA Mo. Assessment 583.34 $361 $253 $190 Common Elements and Rec. Facilities Green areas Hallwa Equal E ual Equal None Equal None Fbor Location 2 2 1 1 vew Avera a Street Av ./River -5 000 Avera a Avera e - Desi n S le Mid-Rise H' h Rise 2St /End Attach 2 Sto Attach Ouali of Construction Avera a Su erior -20 000 Avera a Inferior +20 000 Actual A e 23 ears 18 ears 26 ears New -5 000 - Condition Avera a Su erior -10 000 Avera a Avera e ~ Above Grade Total Bdrms. Batlu Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths : Room Count 7 2 2.5 4 2 2.5 6 2 2.5 7 3 2.5 ' Gross Livin Area 2 387 s . ft. 2 060 s . ft. +14 700 2 440 s . ft. 0 2 409 . ff. 0 Basemem & finished Rooms Below Grade NA NA NA NA NA NA Futl Bsmt. Unfinished -10,000 Functional Ut~i Avera a Avera a Avera a Avera e Heatin Coo6n HP wJ Cent.Air HP w/ Cent.Air HP w/ Cent.Air FHA/Cent.Air Ener Efficient hems Avera a Avera a Avera a Avera e Gara e/Ca rt Car rt x2 tiara a x1 +5 000 tiara a x2 -1 000 Gara a x2 -1 000 Porch/Patio/Deck Bsmt. Stora a Balton -1 000 Patio Deck Fire lace etc. Fire lace x1 None +3 000 Fire lace x1 Fire ace x1 Whirl col tub Whirl col tub; Whirl col tub None +1,000 C-Vac Sec.S s -1 000 Net Ad' stment otal + - $ -14 300 + - $ -1,000 + - $ 5,000 Adjusted Sale Price of Com ambles Summa of Sales Co arison A roach Sales o Net Adj. 4.8 % Gross Ad'. 20.2 % f one sto units i $ 280,700 n multi-sto buitd Net Adj. 0.5 % Gross Adj. 0.5 % $ 219,000 i s were limited. After a thoro h Net Adj. 2.0 % Gross Adj. 14.6 % search of availab $ 257,900 le data the com ambles chosen were considered the b est available. Ad' ustments were m ade to reflect substantial difference s between the co m arable ro ernes and the sub'ect. The ad'ustments made refect the ical actions of bu ers and sepers in the market lace. Sale #1 is boated in a multi-sto buildi and on the same level. Unit was com letel renovation and was "stunni er the ent. Features included: new ourmet kitchen with ranite counters and breakfast bar sub-zero ref ' erator Vikin ra e & microwave custom li hti and mill work throw hout includi crown moldi and new interior doors ranite wet bar in dini room' bamboo floor' - tantation shutters' and 9-foot ceili s. Com arable would set the u er limit due to h' her wall of finish and bei ne renovated. Sale #2 is similar in size and s uare foots e. This is a two sto unit constructed to allow an elevator addition. A ent stated this end unit was in immaculate condition. Features include: 9-foot ceiti • ceramic the in kitchen and fo er• Rutt char kitchen' famil room with the built-in cabinets' rivate court rd' loft area and oversized ara e. Sale #3 is of similar s uare foots a and was used to show new construction com etition. Home features first level master suite vaulted ceilin in real room and full basement. Quali ad'ustment reflects sub'ect's su erior moldi s bar and built-ins. There were no recent sales See Addendum Indicated Value by Sales Comparison Approach $ 245,000 Estimated Monthl Market Rent $ NA X Gross Rem Mufti tier NA = $ Indicated Value b Income Approach • Summa of Income A -roach includin su ort for market rent and GRM Due to the lack of ualit and uantit of rental data the Income A roach was considered ins ro riate and not utilized. Greatest wei ht is iven to the Sales Com arison roach since it reflects the actions of bu ers and se8ers in the market ace. Indlcated Value by: Sales Comparison Approach $ 245 000 Income Approach (ff developed) $ The weakness of this re rt is the lack of similar a ed com ambles in similar buikfi s with similar association fees. Sub'ect's central location is a ealin .New construction will roduce stro com etition. AM sales considered with consideration iven to the wei hted avera e.:3ale #1 would set the u er limit due to recent com late renovation and hi her wall of finish. Sale #2 has the least ross ad'ustments and iven vvei ht. Sale #3 shows new construction com etition but lacks the amenities found in older construction. The avera a new construction sale rice for units of similar s uare foots a in this ro'ect is 267 000. The avera a sold rice of condominiums on the west shore is 255 500 rounded. Consideration iven to sub'ect's a e and fees when estimati the market value. No warrant of the a sisal is iven or im lied. No liabilit is assumed for the structural andlor mechanical elements of the sub'ect rn a .See Addendum and Statement of Limiti Conditions. This appraisal is made "as is", subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ^ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have Deen completed, or [] subject to the followin required ins lion based on the extraordina assumption that the condition or deficient does not require alteration or repair: "`Retros active Market Value as of the Date of Death Based on a complete visual insQection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of he real property that is the subject of this report is $ 245,000 as of 10-29-09"' which is the date of ins action and the effective date of this a sisal. Freddie Mac Form 465 March 2005 ~ .,. . _,: , s`,;•= _~ «.~s Page 3 of 6 Fannie Mae Form 1073 March 2005 Form 1073 -;''d;inTOiAL" appraisal software ky a is mode, inc. -1-800-ALAt,~00E . • s ~ „z; ~ i ~,,,,~~„ G~,~-e Individual Condominium Unit Appraisal Report • F;t~# os=;23 Ko r This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in ;i planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education yr membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject unit, (2) inspect and analyze the condominium project, (3) inspect the neighborhood, (4) inspect each of the comparable sales from at least the street, (5) research, verify, and analyze data from reliable public and/or private sources, and (6} report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. 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, know{edgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration far the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject 1:0 satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 465 March 2005 Page 4 of 6 Fannie Mae Form 10'73 March 2005 .Form 1073 - "W;nTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODF ,, w;a r s Individual Condominium Unit Appraisal Report Fde~ 09-123 i<D APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisa! in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. 1 identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months .prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are Iocationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. - 10. t verified, from a disinterested source, ail information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. 1 am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with. respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported vn the effect of the conditions on the value and marketability of the subject property. 15. 1 have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and 1 have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base; either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 465 March 2005. Page 5 of 6 Fannie Mae Form 1073 March 2005 Fbim T073 - `WinTOTAI" appraisal software by a la mode, inc. - f -800-ALAMODE i.,.r~~., ~~r~ro Individual Condominium Unit Appraisal Report File# 09-123 KD 21. The lender/client may disclose or distribute this appraisal report t0: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. 1 directly supervised the appraiser far this appraisal assignment, have read the appraisal report, and agree with the: appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. 1 accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. 1f this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisaF report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Signatur Name Karen arne PA Certified Ge ' ral Real Estate raiser Company Name RSR Appraisers 8 Analysts Company Address 3 Lemovne Drive. Suite 100 _Lemovne, PA 17043 Telephone Number 717-763-1212 Email Address karendarney(~yahoo.com Date of Signature and Report November 23.2009 Effective Date of Appraisal 10-29-09`** State Certification # GA001260L or State License # or Other State # State Pennsylvania Expiration Date of Certification or License June 30, 2011 ADDRESS OF PROPERTY APPRAISED 3620 Logan Street Ext.. # 4-C _Camp HiO. PA 17011 APPRAISED VALUE OF SUBJECT PROPERTY $ 245,000 LENDER/CLIENT Name Ryan M. Leppo, CTFA Company Name MST Investment Group Company Address 3607 Derry Street, Harrisburg, PA 17111 SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License _ SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection Email Address rleppoCa?mtb.com Freddie Mac Form 465 March 2005 Page 6 of 6 Fannie Mae Form 1.073 March 2005 Form. ti073 - "WinTOTA1" appraisal software by a la mode, inc. - ? -80Q-ALAMODt Supplemen#al Addendum Fle No. 09-123 KD ~~ ~~ ~~ ~~ ~~ Borrower/Ctent NA Prop Address 3620 Lo an Street Ext. City Cam Hilt Cou Cumberland State PA Zp Code 17011 Lender R n Le o CTFA, M&T Investment Gr Neighborhood Boundaries Cont'd: south of 181; north of Rt. 581; east of the Susquehanna River and west of Rt. 114. Neighborhood • Market Conditions Cont'd: be in a state of flux. The market has been stable with little to no appreciation. Homes are taking longer to sell. It is a buyer's market and buyers are looking for homes in excellent condition andJor asking for concessions. Lenders have stronger qualifying guidelines limiting qualified buyers. There are a several new condominium developments with in a five mile radius of the subject which will produce strong market competition. Buyers would prefer to buy new and customize to taste and these new condominium associations have smaller fees. Additiona{ Features Cont'd: Laundry room off kitchen with laundry tub and wall cabinets;Master bathroom with whirlpool tub with ceramic the surround, ceramic the shower stall, two bowl vanity with Corian counter top and carpet floor covering. Large walk-in closet in Master bedroom with built-in shelves; Hall bath with ceramic the shower stall and single bowl vanity; half bath off hallway; and office with built-in book cases with base cabinets and Goset. Basement has individual storage rooms. Basement utility room houses each unit's heat pump and electric hot water heater. NOTE: Unit was not measured due to location. Square footage based on tax assessment online sketch. Sales Comparison Approach Cont'd: of units in subject's immediate neighborhood- There is one unit currently on the market for $239,000. This listing is a walk-out basement unit and the only unit with a patio. Agent stated that the unit is in "beautiful" condition with many upgrades and newer carpet. Agent also stated that he had two full price offers and both buyer's walked away from the sale due to the excessive monthly homeowners' association fee. As stated earlier, there are several new condominium developments which will produce strong competition. Also, subject's Homeowners' Association fees are above average. The higher monthly fees will decrease market appeal. Estimated indicated value can also be determined by using the Gross Adjustment of sale price for each comparable (comp) as a measure of relative quality of the comp. A lower adjustment indicates a better comp, and vice versa. The ratio of gross dollar adjustment to sale price for each of the comps is used to calculate the weight each comp should have in a weighed calculation. This weighed calculations used to also indicated the estimated value of the subject. As with any method this technique is not perfect. However it does do a very good job of giving more weight to the most similar comps while at the same time minimizing values near the extremes of the indicated valuES range. The estimated weighted value is: $243,600, or say, $245,000 rounded, which supports the estimated value. The weakness of this report is the lack of comparable sales with similar higher homeowners' fees. It is my opinion that the potential sales price will be discounted due to these HOA fees, which are double the average similar comparable developments. Definition of Market Value: The definition of Market Value is from regulations published by federal regulatory agencies pursuant to Title Xi of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC •on June 7, 1994, and in the Interagency Appraisa! and Evaluation Guidelines, dated October 27, 1994. Scope of Work: Observation of the exterior and walk through observation of the interior of the property. Measuring the exterior of the dweNing was not done due to location. Square footage based on the online Cumberland County tax assessment record. Review of the REDS courthouse data and Central Penn Multi-List, Inc. records. Review the county tax: map online information, county tax map, zoning, and FEMA food maps. Verifying, if possible, the comparable sales with broker, agent, seller or buyer. Special Limiting Conditions: This appraisal is not a home inspection and the appraiser is not acting as a home inspector when preparing the report. The borrower has the right to have the home inspected by a professional home inspector. When performing the inspection of this property, the appraiser visually observed areas that were readily accessible. The appraiser is not required to disturb or move anything that obstructs access or visibility. Inspection of atticlcrawl space areas was not done. Appliances and mechanical systems were not turner on nor checked. The inspection is not technically exhaustive. The inspection does not offer warranties or guarantees of any kind. The appraiser is not a home or environmental inspector. The appraiser provides an opinion of value. The appraisal does not guarantee that the property is free of defects or environmental problems. The appraiser performs an inspection of visible and accessible areas only. Mold may be present in areas the appraiser cannot :see. A professional home inspection or environmental inspection is recommended. If the property is sold, this appraisal is subject to satisfactory inspection reports including, but not limited to: wood infestation, water test(s), radon, building inspections, etc. Supplemental Certifications: certify that, This COMPLETE APPRAISAL- SUMMARY APPRAISAL REPORT was prepared-for the exclusive use. of Farm TADD - "WinTOTAL" appraisal software by a la-mode, inc. -1-800-ALAMODE $Upp181ilUllta~ AddendUlm FIe No.09-123 KD ~~ ~~ ~~ ~~ ~- r~ L Borrower Client NA Property Address 3620 Lo an Street Ext. C~ Cam Hi8 Cou Cumberland State PA Zip Code 17011 Lender R n Le o, CTFA, M&T {nvestment Gr M&T Investment Group (client). The Intended User of this appraisal report is the Client. The Intended Use is to estimate the retrospective market value of the property for estate settlement purposes and no ather use is intended. Appraisal is subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. Estimated market value is the most probable price in terms of cash or in terms of financial arrangements equivalent to cash: The information and opinions contained in this appraisal set forth the appraiser's best judgment in tight of the information available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are at the sole responsibility and at the sole risk of the third party. I accept no responsibility for damages suffered by any third party, as a result of reliance on or decisions made or actions taken based on this report. In my opinion, the reasonable exposure time linked to the value opinion is up to 180 days. I further certify that, to the best of my knowledge and belief: -The statements of fact contained in this report are true and correct. -The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. - I have no present or prospective interest in the property, that is the subject of this report or to the parties involved with this assignment. - My engagement in this assignment was not contingent upon developing or reporting predetermined results. - My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standard of Professional Appraisal Practice. - I have made a personal inspection of the property that is the subject of this report on November 12, 2009. - No one provided significant professional assistance to the person signing this report. - This appraisal has been prepared in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute. - The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. Karen Darney, PA State Certified General Real Estate Appraiser GA001260L Forri TADD -'WinTOTAI' appraisal software by a la mode, inc. -1-80G-At::AM00E C®mmunitY Map I~ I I~ • Borrower/C6ent NA Prop Address 3620 l an Street Ext. C' Cam Hill Coun Cumberland State PA Zip Code 17011 Lender R n Le o, CTFA, M&T Investment Gr • l ° ~yi Gy ~~, ..~~• ~~: \ 1' i o ... . .. `~ w`. '~ _ ;:. .. ... ~t p ~ f 3p~ . ~ , ... .:::~ .. t3z2 ;;~ _....: ~, ' • er ~~ Ov view St W;` ~~ ~ ~ ~ r ~ , ~ ,fps, 'L , , , j . Rd. Summrr!<kltil~ 15 ~~ ...•- ~i ..~- ~ ~~63',.~,_~ ~~k^ ~ .. .... .. .- . _, ~ .^ h~ . 1 ~~~ ......---.. . ...... .. G ~ • ' "" C P -,:113 ~ 2 ~'i ~ ~ o, ~~~ ~ f~c# '~ ~ `~ ; '~ ~. >` rip a 41! 2'T~~ xa~j A~.y Ss~ ~ , , t .. `F ~T. s { ...,. ~ i _. . ~ ~ .., .• .• ,A~ '~ p ,~ 71 ~ _ ~ Q• , r_-.y _ X+. ` 11 u~ ~ ..~• 1 ~ ~n'Y ~ ~ ~t~ m~ ~ 6 '~i. 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'~' +~ ,. ~. . . ,~ c;~~,, ,, 3 .'o.Sh ~ r>~tbxen S~~ s~ ._ -_~qr~ (~j._, .. _ Q~?' psr jP' :. ~ ° .. a v , .~. .,~ ~. } ~• a .. ,~ ~ , t14; 1.tsb mi ...0 ~ .~....._..i,2......r i 8... ~ __ Sj /,. i'r! ~ "' , ~~ ~ ~"~•, ~~ TE[-'8Ce ' Nat1tIN~' .. .. ,~,~,.-••__.___.__ .-__ , ......~ O. :: ~ ~.. ~; C~~. ..... ,..., ,> "i~r~ ®2009 MicrosMC~ ~0200L NAY1EQ.aM ~rkle:Mat, Mo Form MAP.LOC - "WinTOTAL" appraisal software by a la mode, inc -1-800-~ALAMOUL i• ~it;~®d Map 8orrawerlClient NA Property Address 3620 Lo an Street Ext Cit Cam Hill County Cumberland State PA Zip Code 1 ~~011 Lender R an Leooo, CTFA, M8T Investment Gr ~~ Li 1• 1~ 1• 1~ I• I• • Form MAF FLODD - "W!nTOTAL" appraisal software by a !a mcde, i~c -- - ? -BGC-AL.4P,'CDE Building Sketch i Borrower/Client NA _ Property Address 3620 L an Street Ext. C' Cam Hill Coun Cumberland State PA Zip Code 17011 Lender Ran Le o, CTFA, M&T Investment Gr 1a.oo~ Heated o Enclosed o v v Porch LA LR DR KIT I I 0 0 O O pD aD Bath ~' Foyer = BR BR Den m ~ ~-, m 63.00' NOTE: Sketch based on Tax Card Sketch s~.w~ wro•" Nµ comments: -~ ~ L`~U~1TIC~5 yT' l yY `3 ~ ~,„ ~ 43.1 ~~ 74 p Y: ~~ ~l`1 ` Gi1-1 One level 2394.00 Heated Porch 196.00 2590.00 Net ENABLE Area (Rounded) 2590 { ~ ~ ~ a. <} f . ~ x _i ~~ ~ .Y ~ ~~+5 1 ~~ 1w '° One level 38.00 x 63.00 2394.00 Heated Porch 14.00 x 14.00 196.00 2 ftems (Rounded) 2590 Form SKT.BIdSkI - "WinTOTAL" appraisal software by a la mode, inc. -1-SDD-Ai_ANIODE ' Subject Photo Page Borrower/Client NA `_ Propert Address 3620 Lo an Street Ext. City Cam Hli County Cumberland State PA Zip Code 17011 Lender Ryan Leppo CTFA M8T Investment Grp I • ~~ ~~ 1 Ii 1~ 1 t~ ~~ Subjec# Front 3620 Logan Street Ext., # 4-C Sales Price NA Grass Living Area 2,357 Total Rooms 7 Total Bedrooms 2 Total Bathrooms 2.5 Location Average View Average Street Site Quality Average Age 23 years Subject Front Subject Street • Fo~rn PIC3xSR --'W~nTOTAI" appraisal software ty a la mode, in;,. -~ 1-BOQ-ALAMODE - Subject Photo Page BorrowerlCkent NA . Pr Address 3620 Lo an Street Ext. C' Cam HiN County Cumberland State PA Zp Code 17011 Lender R n Le o, CTF M&T Investment Gr Subject Garage 3620 Logan Street Ext., # 4-C Sales Price NA Gross Living Area 2,387 Total Rooms 7 Total Bedrooms 2 Total Bathrooms 2.5 Location Average dew Average Street Site Quality Average Age 23 years • - form PIC3x5.SR - "WinTOTAI" appraisal software by a fa mode,'inc:=1-80b-ALAMODE Comparable Pho$o Page Borrower/Client NA Propert Address 3620 Lo an Street Ext City Cam Hdl Coun?y Cumberland State PA Zip Code 17011 Lender Ran Le o, CTFA, MST Investment Grp Comparable i ~~ 1~ ~~ 1 1 ~~ ~~ ~~ 1210 Waterford Prox. to Subject 2.49 miles NE Sales Price 295,000 Gross Living Area 2,060 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 2.5 Location Average View Avg./River Site High Rise Quality Superior Age 18 years Comparable 2 39 Kensington Square Prox. to Subject 2.54 miles W Sales Price 220,000 Gross Living Area 2,440 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 2.5 Location Average View Average Site Quality Average Age 26 years Comparable ~ 128 AsMord Prox to Subject 1.25 miles E Sales Price 252,900 Gross Living Area 2,409 Total Rooms 7 Total Bedrooms 3 Totat Bathrooms 2.5 Location Average Vtew Average Site Quality Inferior Age New Form PIC3x5.CR - "WinTOTAL" appraisal snttware by a la mode, me - 1-800-ALAMODE Uy-71:i KU • RSR Appraisers & Analysts 3 Lemoyne Drive, Suite 100 Lemoyne, PA 17043 717/763-1212 FAX: 717/763-1656 Appraiser. Karen Darney karend arney@ ya hoo. com cell: 717-579-0903 FOR PROFESSIONAL APPRAISAL SERVICES RE MBsT Investment Group Attn: Ryan M. Leppo, CTFA 3607 Derry Street Harrisburg, PA 1? 111 Phone:717-565-2453 Fax: 71?-565-2377 Email: rleppo@mtb.com PPRAISAL of Property Located at: 620 Logan Street, Unit 4-C $ 350.00 ampden Township, Cumberland County, amp HiII, PA 17011 E: Estate of Richard E. Jordan include our file #09-123KD on remittance. `1~~;~Tr1~ x'021 FDA, 2'Ov2Z, BvSl9V~SS! 350.00 I ~~ ~~ ~~ ~~ SUBTOTAL RATE 2 % ADJUSTMENT SUBTOTAL RATE 2 % ADJUSTMENT SUBTOTAL TOTAL S 350.00 form DCUR - "WinTOTAL" appraisal soSlware by a 1a mode, inc. --1-800-ALAMQDE Q MarTSank 499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12 Phone (888) 502-4349 Fax (302)934-2955 December 4, 2009 M&T Investment Group PO Box 2961 Harrisburg, PA 17105 Re: Estate of: Richard E Jordan Social Security: 189-03-6424 Date of Death: October 29, 2009 Dear Sir or Madam: Per your inquiry, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type o f Account Checking Account Account Number 49834908 Ownerslip (Names o, fl Richard E Jordan Opening Date 08/28/64 Balance on Date of Death $ 138,178.04 Accrued Interest $ 4.60 Total $ 138,182.64 2. Type of Account Checking Account Account Number 950200874 Ownership (Names oj~ Richard E Jordan, Trustee Richard E Jordan III, Trustee Louise K Jordan, Trustee Richard E & Louise K Jordan FDTN Opening Date 12/07/99 Balcuice on Date of Death $ 181.24 Accrued Interest $ 0.00 Total $ 181.24 Please be advised, there was no safe deposit box found for the above decedent. * If upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or name of any possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., please contact our West Shore Plaza Branch, 1200 Market Street, L~er~yne, P~ 17043. ice # 717 ^31-1730. Sin e~, N rtssa Sears djustment Services Appraisal Report Estate of Ri chard Jordan 1 ~ 3620 Logan Court #4 Camp Hill, Pennsylvania 1 C, Prepared for: Joe Macri and Rick Jordan, Co-Executors M&T Bank 213 Market Street Harrisburg, Pennsylvania 17101 i, (717) 255-2070 1 1 ~ File #Jordan Prepared by: ~ Erica Wineske, Certified Appraiser & Auctioneer Kerry Pae Auctioneers 2 Chickadee Circle Palmyra, Pennsylvania 17078 (717) 587-8000 • Member: Certified Appraisers Guild of America 1• 1• Table of Contents I• 1! li Title Page Table of Contents Summary Analysis Conditions of Appraisal Certification Purpose of Report Method of Valuation Definition of Value Basis of Appraisal Description Appraiser Qualifications Value Listings 1 2 3 4 5 5 b 6 6 6 6 7 Appendix A ~~ ti 1• 1• • • Page: 2 of 13 u Summary i On November 12, 2009, at the request of Joe Macri and Rick Jordan, M&T Bank, I personally inspected the assets of the Estate of Richard Jordan, 3620 Logan Court, #4, Camp Hill, .Pennsylvania. Value Fair Market Value ~` The Fair Market Value for the roe in total is: p P rtY $6,670.00 ~ This is not the appraisal report. The appraisal report must be read in its entirety. • • Page: 3 of 13 • Analysis. Condition All items are assumed to be in very good condition, unless otherwise noted in Appendix A of this ~ report. • • e [~ I! It i Page: 4 of 13 • Conditions of Appraisal The value stated in this Appraisal Report is based on the best judgment of the appraiser given the facts and conditions available at the date of the valuation. The use of the report is limited to the purpose of determining the value of personal property for ~ Estate Tax purposes. Any additional research or testimony required by the client or the court will be billed at the current rates. ~ Disclosure of the contents of the report is governed by the Standards and Practices of the Certified Appraisers Guild of America. Certification of Report Neither Erica Wineske, Kerry Pae Auctioneers nor any of its employees have any present or future interest in the subject property. No prohibited fee was assessed for this report. Erica Wineske of Kerry Pae Auctioneers has successfully completed the personal property ~ appraiser certification program with the Certified Appraisers Guild of America and is a member in good standing. This report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice and with the Standards and Practices of the Certified Appraisers Guild of America which has review authority of this report. 1 ~ Erica Wineske has personally examined the subject property. The statements of fact contained in this report are true and correct to the best knowledge and belief of the appraiser. l i By: rica Wineske, C.A.G.A Kerry Pae Auctioneers • C~ Page: 5 of 13 • Purpose of the Report ~ The purpose of this report is to determine the value for Estate Tax purposes for M&T Bank, Harrisburg, Pennsylvania. Method of Valuation ~ The method of valuation used for this appraisal is the Fair Market Value. Definition of Value f Fair Market Value • Under the United States Treasury regulation 1.170-1 c Fair Market value is defined as: The price at which the property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or compulsion to sell and both having reasonable ~ knowledge. 1 Basis of Appraisal Valuation Date • The date of valuation for determining the value estimation is November 12, 2009. Date Appraisal Conducted ~ This appraisal was conducted on November 12, 2009. 1 1 ,imitations of Property ~ There were no limitations on use or disposition of this property. Description An itemized list with descriptions is in Appendix A. • • • Page: ~6 of 13 Erica Wineske, Certified Appraiser & Auctioneer Derry Pae Auctioneers 2 Chickadee Circle Palmyra, Pennsylvania 17078 (717) 587-8000 • Edu__ cation & Special Training Erica Taylor joined Classic Edge Auctions & Appraisal Services as a partner in July of 2003. Mrs. Taylor purchased her partner's share of the business and became a sole proprietor in March of 2005. Mrs. Taylor holds a Bachelor's degree in Arts Management from Lebanon Valley • College where she studied art history and business management. Mrs. Taylor has successfully completed the personal property certification program with the Certified Appraisers Guild of America (C.A.G.A.) and has taken classes in Appraisal Studies at New York University. Erica Taylor completed the Uniform Standards of Professional Appraisal • Practices (USPAP) course in conjunction with the Appraisers Association of America in November of 2002. 1 Erica. Taylor is a graduate of the Harrisburg Area Community College Auctioneer's Program and is a licensed Pennsylvania auctioneer and member of the Pennsylvania and National Auctioneer's ~ Associations. She has also been an active member of the American Business Women's Association and the Harrisburg Young Professionals. 1 Mrs. Taylor has worked as a tour guide and exhibit worker at the Suzanne H. Arnold Gallery at Lebanon Valley College. She also worked as a personal property appraiser for Cordier Antiques • & Fine Art of Camp Hill, Pennsylvania and has worked with various auction companies in central Pennsylvania. Mrs. Taylor placed in the top ten during the 2004 and 2006 Pennsylvania State Bid Calling Contests held at the State Farm Show. She is currently the Certified Appraiser working for the Pennsylvania State Treasury Bureau of Unclaimed Property. • C~ • Page: 7 of 13 • Appendix A Fair Market Value Living Room 1. $35.00 Side Chair ~ Mahogany frame with caned backrest and cream damask upholstery seat. Square tapered legs. Contemporary. 2. $170.00 Co#fee Table and Side Tables -Cherry coffee table ($45.00) ~ -Queen Anne side table with cabriole legs. Two drawers. Cherry. ($40.00) -Queen Anne side table with drop leaves and single drawer. cabriole legs. Cherry. ($40.00) -Pair of mahogany side tables with shaped surfaces. Squared, tapered • legs. ($45.00/pair) 3 . $185.00 Drop Leaf Tabl e Rests on turned gate legs. Cherry. c.Farly 20th century. • 4. $55.00 Pair of Side Chairs Mahogany frame with urn-shaped backsplat. Cream damask upholstery seats. 1 1 5. $45.00 Pair of Upholstered Swivel Chairs Cream upholstery with tufted backrest. Contemporary. • ~' 6. $85.00 Chest of Drawers Chippendale style chest. Maple. Contemporary. 7. $20.00 Chair ~ Light blue velvet with tufted backrest. 8. $45.00 Pair of Side Chairs French Provincial-style. Floral upholstery. Contemporary. ~ 9. $65.00 Sofa Upholstered in tailored cream damask upholstery. 10. $450.00 Scooter Golden Buzz Around Lite. 1 1• 11, $35.00 Watercolor "Vase of Flowers" by DeShon. Framed. Page: 8 of 13 • • 12. $275.00 Television Philips flat screen color television. • 13. $25.00 Brass Elgin Anniversary Clock 14. $3 5.00 "Royal Dux" Porcelain Elephant Figurine ~ 15. $15.00 Print in Gilt Frame, "Horseback Rider" 16. $85.00 Miscellaneous Contents of Living Roorn, Including: _ps -Silk flowers • -Pair of bisque porcelain courting figures -Brass fireplace screen 1 Hallway 17. $185.00 Gentleman's Chest Four drawers with serpentine front. Ornate brass drawer pulls. Leather inlaid top. Mahogany. 1 18. $25.00 Clock ~ Hamilton Clock in cherry cabinet. 19. $5.00 Lamp Brass candlestick lamp with seashell screen. • 20. $365.00 Painting, "Man with Hat and Orange Scarf' Oil painting onboard. Framed in ornate gilt frame. Illegible signature in upper right corner, possibly "Inge Wolfle". 1 ~ Dining Room 21. $145;00 Game Table Shaped tilt top. Rests on fluted, turned legs. Mahogany with flame veneer. c.1930's. • 22. $750.00 Dining Room Suite Includes Breakfront china cabinet, Duncan Phyfe extension table and (6) chairs with urn-shaped backsplat. Contemporary Chippendale-style. Mahogany. • 23. $65.00 Side Table Drawers with Chippendale brass pulls. Mahogany. Contemporary. I -Page: 9 of 13 • i i • • • • • 24. $35.00 -(2) Floor Lamps -(2) Table Lamps 25. $185.00 Waterford Crystal -Set (8) champagne glasses -Set (10) wine glasses 26. $125.04 Dinner Service Lenox "Mystery" service for (8). Contemporary. 27. $10.00 (2) Lenox Porcelain Serving Pieces 28. $25.00 Mirror Gilt frame. Contemporary. 29. $95.00 Plant Stand Ornate brass frame with marble insert. Victorian. 30. $85.00 Miscellaneous Contents of Dining Room, Including: -Crystal -Silver plate -Cloisonne ginger jar -Silver plated tea service Patio 31. $30.00 Assorted Barware 32. $175.00 Rattan Patio Set, Including: -Sofa - -(3) Chairs -Ottoman -Side table 33. $25,00 Miscellaneous Contents of Patio, Including: -Lamps -Silk flowers -Decorative ceramics Kitchen 34. $145.00 Dinner Service "Windsor Flowers" pattern by Johnson Bothers, England. Service for (12). Page: 10 of 13 • • • • • • ~• 35. $25.00 Dinner Service Mikasa pattern with gilt trim. 36. $110.00 Soup Tureen and Matching Salt & Pepper Shakers "Botanic Gardens" pattern. 37. $85.00 Miscellaneous Contents of Kitchen, Including: -Mugs -Glassware -Small Lenox pieces -Small kitchen appliances -Pots and pans -Roasters -Pewter -Silver plate 38. $110.00 Table and Chairs Round table with (4) Hitchcock chairs. 39. $75.00 Piano Stool Animal claw and glass ball feet. 40. $25.00 Pair of Weighted Sterling Silver Candlesticks Bedroom #1 41. $850.00 Highboy Handcrafted "Stickley" chest of drawers. Reproduction Chippendale-style. Cherry. Contemporary. 42. $25.00 Miscellaneous Contents of Bedroom #1, Including: -RCA cabinet television -Lamps -Phones -Stereo -Radios -Alarm clocks 43. $60.00 Two Maple Nightstands 44. $3 5.00 Coffee Table with Leather Inlay 45. $125.00 Maple Chest of Drawers and Wall Mirror 46. $20.00 Quilt Rack 47. $5.00 Swivel Rocker in Blue Velour Upholstery Page: 11 of 13 i • • i • r • ~~ 48. $95.00 Side Table Two-drawer table. Rests on turned legs. Soft wood. 49. $25.00 Bed Two single beds with upholstered headboard. Bedroom #2 Sp. $35.00 Love Seat Cream upholstery. Sleeper. Contemporary. 51. $65.00 Watercolor, "Chair with Flower Arrangement" Signed "Lynn Marsh". Framed. 52. $85.00 Recliner Brown overstuffed leather with brass tack accents. Contemporary. 53 . $120.00 Bed Contemporary wrought iron bed. Includes mattress and box spring. 54. $20.00 Side Table Leather inlaid surface. 55. $40.00 Side Table Three tier. Oak. 56. $10.00 Side Table Magazine rack. Maple. 57. $185.00 Television Large Sony flat screen color television. 10+ years old. Office 58. $85.00 Desk Wood desk with leather inlaid writing surface. 59. $10.00 Filing Cabinet Two-drawer lateral metal filing cabinet. 60. $10.00 Exercise Bike Model 82000 61. $85.00 Book Collection Page: 12 of 13 E 62. $3 5.00 Side Table Round, two tier table. Cherry. ~ 63. $65.00 Gettysburg College Chair I• I• 1• 1• 1! ~• ~~ ~• ~~ Storage Unit 64. $50.00. Contents of Storage Unit, Including: -Golf bags and golf clubs -Luggage -Filing cabinets -Holiday decorations -Books -Framed artwork ~6.6~0.00 Total Page: t ~ of 13 ,:_ j, y ~~ .~„ _ w. ,_ T~.~s~:~.r - ! uti~ 1;n v aiue, Dll~f' aoor~ ~~.-~.:3~~:. .~•L. :s:,y n~uc ~vL~l~ • :- • ~~e ~-~ ~~~I:I~~ ~l u~ ~ ~~~k ~, _. • ~~-..-~ THETRUSTEU RES~O~URCE • ~ kbb.co~ • ~CiVert15enleilt ,~ ~9i99 Lincoln Town Car Executive Sedan 4D Eli1E BIGOK ~ T~'~G~-I~~ 1'.~LL Condition Value ~ Good $4,125 (Selected) t •. _,~_,.,, - ~~ ~~: . 'K..,. .'y.'~~ . k:~. , .. .- v Vehicle Highlights Mileage: 36,000 Engine: V8 4.6 Liter - ~ •~ Transmission: Automatic Drivetrain: RWD ' Selected Equipment Standard .. Air Conditioning Cruise Control Traction Control ~, ~ .Power Steering ~ At~l/FM Stereo Leather ~~-dower Windows . ~ Cassette Dual Power Seats ~, : Power Door Locks Dual Front Air Bags Alloy Wheels .Tilt Wheel AB5 (4-Wheel) ;~ . -- - - - '`Blue Book Trade-In Value ' ~' ~~~=Kelley Blue Book Trade-In Value is the amount consumers can expect to receive from ~" a dealer for atrade-in vehicle, assuming an accurate appraisal of the vehicle's ' condition, mileage and features. This value will 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 €°Xtiei~Rt?t • 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. «~_, ~ ~~, L. .. Sr Close Window . , ~ ~~~ Li ~. ~~ L gar - 1 f ~~lu , ue l~oc~k~ ~ aAu'v ..L_~_.. v 931ue ~r~~~~k-. P ~ -off ~ . . ,~ - • r • Complete and verifiable service records. Less than S% of all used vehicles fall into this category. ~ Good (Selected) $4,125 • Free of any major defects. • Clean title history, the paints, body, and interior have only minor (if any) ~. blemishes, and there are no major mechanical probtems. • Little or no rust on this vehicle. . • Tires match and have substantial tread wear left. • A "good" vehicle will need some reconditioning to be sold at retail. Most consumer owned vehicles fall into this category. . ~ ~ ~ :" .~ _.. _ - • Some mechanical or cosmetic defects and needs servicing but is still in ;r'` ~ reasonable running condition. • Clean title history, the paint, body and/or interior need work performed by a professional. - ~ ~ •: -.~ • Tires may need to be replaced. - • There may be some repairable rust damage. P'v r3 Y .- ~ ~ ~ • Severe mechanical and/or cosmetic defects and is in poor running - condition. • May have problems that Cannot be readily fixed such as a damaged frame or crusted-through body. • Branded title (salvage, flood, etc.) or unsubstantiated mileage. Kelley Bfue Book does not attempt to report a value on a "poor" vehicle because the value of these vehicles varies greatly. A vehicle in poor condition may require an independent appraisal to determine its value. .* Pennsylvania 11!6/2009 i. ~~ i~ 1 L1-_ ~~_____--. 1_~_'I_ _ _ -_ lTT Y1T /TT li-v ~e~.. ••-~ ..v .. ~ _ ._ _ _ - _ -.~ _ __ _ _ _ _ _ _ ._ _ .. • • • , • , • w • ~• . ~. CIl~~ 224 FOURTH STREET NEW CUMBERLAND, PA. 17070 (717) 774-4182 Customer's ~ Order No. DATE ~' {=' t BOUGHT/SOLD TO cP ~:r~~'y~.~~. ~ ~f'~ ~ ~: ~ ~ ~.. f~/' ADDRESS PAYMENT METHOD -- CASH CHECK QUAN. DESCRIPTION PRICE AMOUNT 4 '~ I y, •`~~" ~ ~-' Jft ~j t ~~ ~ Fj j~fa:(~~~]i~ 1 ~'1" l ~ [ ' ~ ~ ~~ ,~ Jj` F ~M1. ~m~ . J~ .,... ....+e ~w..s~+w..+~ Em. ~~d ~,,,. ALL Claims a Returned Go ds MUST e accompanied By This bill fr-`ter SIGNATURE ~~ 's ,.. .r -' 1 1 1 1 1 1 1 1 F3state Valuation Date of Death: 10/29/2009 Valuation Date: 10/29/2009 Processing Date: 06/03/2010 Shares Security Estate of: JORDAN, LOUISE K ClT,/W (4TIP) Account: 80027 Report Type: Date of Death Number of Securities: 31 File ID: JORDAN, LOUISE Mean and/or Div and Int Security Adjustments Accruals Value l~ 11J4lU.4/ ~asn tcHax7 115,470.47 2) 586.92 Cash (CASH) 586.92 3) 50000 RIVERSIDE PA SCH DIST GO BDS (769250DV0) Financial Times Interactive Data DTA: 02/01/2004 Mat: 10/15/2010 2.55$ 10/29/2009 101.33800 Mkt 101.338000 50,669.00 Int: 10!15/2009 to 10/29/2009 49.58 4} 50000 DANIEL BOONS PA AREA SCH DIST GO NOTES (236222EA9) Financial Times Interactive Data DID: 08/15/2008 Mat: 08/15/2011 3$ 10/29/2009 102.62600 Mkt 102.626000 51,313.00 Int: 08/15/2009 to 10/29/2009 308.33 5) 50000 WEST CHESTER PA AREA SCH DIST GO BDS {952030B29) Financial Times Interactive Data DID: 04/15/2009 Mat: 09/15/2011 1.35$ 10/29/2009 100.77500 Mkt 100.775000 50,387.50 Int.: 09/15/2009 to 10/29/2009 82.50 6) 25000 CLARION PA AREA SCH DIST GO BDS (180585CV1) Financial Times Interactive Data DID; 10/15/2008 Mat: 05/15/2023 2.9$ 10/29!2009 103.74900 Mkt 103.749000 `1.5,937.25 Int: 05/15/2009 to 10/29/2009 330.28 7) 50000 MIDD-WEST 5CH DIST PA GO BDS (595659EZ3) Financial Times Interactive Data DID: 06/23/2009 Mat: 05/15/2013 2.1$' 10/29/2009 100.50900 Mkt 100.509000 50,254.50 Int; 06/23/2009 to 10/29/2009 367.50 8) 25000 OHARA TWP PA GO BDS (677075SH2) Financial Times Interactive Data DID: 02/20/2009 Mat: 11/01/2013 2.258 10/29/2009 101.16900 Mkt 101.169000 25,292.25 Int: 05/01/2009 to 10/29/2009 278.13 9) 50000 TRINITY AREA SCH DIST PA GO BDS (896417LT7) Financial Times Interactive Data DID: 09/15/2008 Mat: 11/01/2013 3.158 10/29/2009 105.49700 Mkt 105.497000 ~ 52,748.50 Int: 05!01/2009 to 10/29/2009 778.75 10) 25000 LOWER DAUPHIN PA SCH DIST GO BDS (54$108NRb} ' • Financial Times Interactive Data DID: 02/01/2006 Mat: 02/15/2014 3.75$ 10!29/2009 103.62600 Mkt 103.626000 25,906.50 Int: 08/15!2009 to 10/29/2009 192.71 11) 25000 COLUMBIA BORO PA SCH DIST GO BDS (197256JS0) Financial Times Interactive Data DID: 04/30/2009 Mat: 06/01/2014 2.6$ 10/29/2009 101.08300 Mkt 101.083000 25,270.75 Int: 06/01/2009 to 10/29/2009 267,22 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818} 313-6300 or www.evpsys.com. {Revision 7.1.1) 1 i~ Date of Death: 10!29!2009 Valuation Date: 10/29/2009 Processing Date: 06!03/2010 Estate of: JORDAN, LOUISE K C/T,~W {Q'pIP) Account: 80027 Report Type: Date of Death Number of Securities: 31 File ID: JORDAN, LOUIS6 Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 12) 25000 CENTRAL DAUPHIN PA SCH DIST GO BDS (153304RP5) Financial Times Interactive Data DTD: 03/01/2009 Mat :'07/15/2014 2.58 10/29/2009 101.11600 Mkt 101.116000 25,279.00 Int: 07!15/2009 to 10!29/2009 180.5b 13) 50000 READING PA SCH DIST GO BDS (755638RA3) Financial Times Interactive Data DTD: 07/01/2003 Mat: 01/15/2015 3.5$ 10/29/2009 100.41100 Mkt 100.411000 50,205.50 Int: 07/15/2009 to 10(29/2009 505.56 14) 25000 FERGUSON TWP PA GO BDS (31502LBU4} Financial Times Interactive Data DTD: 05/15/2009 Mat: 06/01/2015 2.75$ 10/29/2009 100.51700 Mkt 100.517000 25,129.25 Int: 05/15/2009 to 10/29/2009 313.19 15) 25000 DUNMORE PA SCH DIST GO BDS (265759A23) Financial Times Interactive Data DTD: 02!23/2009 Mat: 11/15/2015 2.4$ 10/29/2009 98.14100 Mkt 98.141000 24,535.25 Int: 05!15/2009 to 10/29/2009 273.33 16) 50000 NORTHERN YORK CNTY PA SCH DIST GO REFUND (666095tyID3) Financial Times Interactive Data DTD; 09!15!2008 Mat: 11/15/2015 3.25$ 10/29/2009 102.32800 Mkt 102.328000 51,164.00 Int: 05/15/2009 to 10/29/2009 740.28 17) 25000 CUMBERLAND CNTY PA GO BDS {230597PW4) Financial Times Interactive Data DTD: 03/15/2009 Mat: 05/01/2016 2.25$ 10/29/2009 96.74700 Mkt - 96.747000 24,186.75 Int: 05/01/2009 to 10/29/2009 278.13 1$} 600 BURLINGTON NORTfIN SAMTA.FE CP (12189T104) COM New York Stock Exchange 10/29/2009 76.95000 75.43000 H/L 76.190000 45,714.00 19) 237 CENTURYTEL INC {156700106) COM New York Stock Exchange 10/29/2009 33.43000 32.25000 H/L . 32.640000 7,735.68 20) 1532 CONOCOPHILLIPS (208250109) COM New York Stock Exchange 10/29/2009 51.55000 99.77000 H/L 50.b60000 Div; 0.500000 Ex: 10/28/2009 Rec: 10/30/2009 Pay: 12/01/2009 + 0.500000 51.160000 78,377.12 21) 1000 DOMINION RES INC VA NBW (257460109) COM New York Stock Exchange 10/29/2009 34.83000 34.35000 H/L 34.590000 34,590.00 22) 600 FPL GROUP INC (302571104) COM New York Stock Exchange • 10/29/2009 50.84000 49.87000 H/L 50.355000 30,213.00 Page 2 This report was produced with BstateVal, a product of Bstate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 ar www.evpsys.com. .(Revision 7.1.1) 1 Date of Death: 10/29/2009 Estate of: JORDAN, LOUISE K C/T/'W (¢TIPy Valua tion Hate: 10/29/2409 Account: 80027 Proce ssing Date: 06/03/2010 Report Type: Date of Death Number of Securities: 31 File ID: JORDAN, LOUISE Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 23) 2400 HARSCO CORP (415864107) COM -New York Stock Exchange 10/29!2049 33.14400 31.35000 H/L 32.245000 77,388.00 Div: 0.2 Ex; 14/09/2009 Rec: 10/14/2409 Pay: 11/13/2009 480.00 • 24} 400 INTERNATIONAL BUSINESS MACHS (459200101) COM New York Stock Exchange 10/29/2009 123.03000 121.b0000 H/L 122.315000 48,926.00 25) 1700 JOHNSON & JOHNSON (478160104) COM . New York Stock ~cchange 10/29/2009 60.02000 59.51000 H/L 59.7b5004 101,600.50 26) 3200 KELLOGG CO (487836108) , COM New York Stock Exchange 10/29/2009 51.48000 50.23000 H/L 50.855000 162,736.00. 27y 836 MARATHON OIL CORP (56584910b) COM New York Stock Exchange 10!29/2009 33.54500 32.78000 H/L 33.162500 27,723.85 28} 640 PROCTER & GAMBLE CO (742718149) COM New York Stock Bacchange 10/29/2009 59.98000 58.91000 H/L 59.445000 35,667.00 Div: 4.44 h7c: 10/21/2009 Rec: 10/23/2009 Pay: 11/lb/2009 264.00 29) 83 UNITED STATES STL CORP NEW (912909108) COM New York Stock Exchange 10/29/2009 38.25004 36.51000 H/L 37.380000 '.3,102.54 30) 352 WINDSTRBAM CORP {97381W109) COM - New York Stock Exchange 10/29/2009 9.84000 9.65004 H/L 9.745040 :3,430.24 31) 750 COVIAIEN PLC (G2554F105) ' SHS New Xork Stock Exchange 10/29/2009 42.37500 42,42400 H/L - 42.197544 31,648.13 Div: 4.18 Sx: 10/42/2049 Rec: 10/06/2009 Pay: 11/ 06/2009 135.00 Total Value: $1,363,188.45 Total Accrual: $5,825.05 Total: $1,3b9,O13.50 ~~ Page 3 This report was produced with fistateVal, a product of Estate Valuations & Pricing Systems, Inc. Tf you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) ~~ r r r • • • t OF LOVISE R. JORDAN I, LOUISE K. JORDAN, of Hampden Township, Cumberland County, Pennsylvania, being of sound and disposing. mind and memory, do make, publish and declare .this to be my Last will and Testament, hereby revoking all Wills and Codicils by me at any time previously made. ITEM I. TAXES: All inh estate and similar taxes becoming due by reason o ath, ept any taxes relating to generation skippin 9fers imposed under Chapter 13 of Subtitle B of the e - enue Code of 1986, as amended ("Death Taxes"), whethe such D :th Taxes shall be payable by my estate or by any i ie iy property, shall be paid by my Executor out of- a prop ty passing under ITEM VII of this Will and to the extent uch Death Taxes are in excess of the property passing under ITEM VII, out of the property passing under ITEM VIII of this Will, as an expense and cost of administration of my estate; provided, however, that if any property held in any testamentary or infer vivos trust created by my husband, RICHARD E. JORDAN ("My Husband"), is includable in my estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in my estate Page z' of 20 pages ~n .. ....~ .a..;., .. .. ,.~ ~~.... .. ,.~,.,.. .. ..~ti. . r, .5 ~k+..:r.> - :-kYn.: n. r.. ....:. ~..... ,. ..... ~, *r%r - .. ... . ,,. .w .fi ... ... gyn..,,,. ,.m...~. ..._ . _ .. .. .. ,..., ... ,. .., .. ... ,. ..~ ._~. .. ._.>. ~, ~tiX - ~r%b' ~' .~ r. I'.~~ ~_ r , l' LAST WILL AND TE3TA-ME„ ?~'r r • • t 1 • M- for the purposes of that Death Tax shall be paid out of such property or by the recipients of such property; and, if such Death Taxes are nevertheless paid by my Executor, I direct my Executor to obtain reimbursement or contribution for any such taxes paid by my Executor. Except to the extent above provx.ded,, my Executor shall have no duty or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insurance or other property not passing under this Will. ITEM_ II. PO PO I hereby exercise all powers of appointment which I ve at a time of my death ~.n favor of my Executor, and al rop ty subject to all such powers of appointment shall be my estate and be governed by the provisions of this ill; p i ed, however, that I specifically decl' o - rc' any power .of appointment given to me in any Wi Codi agreement of Trust or other instrument execut by Husband. ITEM II1. TANGIBLE PROPERTY: (a) I make the following bequests to the named individuals, if living at my death: (1) To Richard E. Jordan, II, my 14 karat yellow gold ladies engagement ring with 2.26 karats. (2 ) To Sharon N . Jordan my 14 karat yellow gold diamond earrings with 1.50 karats. (3) To Barbara J. Schenck my lady's 14 karat yellow gold Giarad Peregaux wristwatch Page 2 of 20 pages • set with 32 single cut diamonds and my 14 karat yellow gold oval cluster lady's cocktail ring with sapphire and diamonds. (4} To Thomas E. Bowman, III my lady's platinum ring, with er~er~~ ~' -t emerald with tapered baguet-~P ~ and my lady's 14 karat 3 set with 24 baguette ~~ lad ' s t5) ~ Y platinum c ~ 16 sapphires, tapered ba ~ center diamond. 1 `~ (6 } 2 .,~wman M er my lady' s platinum ri..y set with sapphir nd two diamonds. (7} To Victoria Brown my lady's diamond pendent with p m cha my . lady's platinum wedd' ri with 2 diamonds and my lady',s aquama e g 14 karat white gold. (8 ) To J i L . my 14 karat yellow gold ch el se la y's cocktail ring. (b) I g' - d all of my household furniture an urnishi automobiles, books, pictures, ch a, cry a1, appliances, silverware, wearing apps and welry, and all other like articles of h eho or personal use or adornment, not otherwise dispo by the foregoing provisions of this Will, to My Husband, if he survives me. If My Husband does not survive me, such articles shall be sold and the proceeds thereof shall pass as a part of my residuary estate. ITF~M IV. REAL ESTATE: I give and bequeath all of my right, title and interest in and to the real property with improvements thereon situate at 3610 Logan Street, Camp Hill, Pennsylvania, to my step-daughter, BARBARA J. SCHENCK ("My Step- Page 3 of 20 pages ~~ 1~ ~a ti ~~ 1~ li 1• IN daughter"}. If Barbara J. Schenck does not survive me, this devise shall lapse. ITEM V. EQUALIZING BEQUEST: If Barbara J. Schenck has received the property at 3610 Logan Street by gift from me or pursuant to ITEM IV hereof, I give and bequeath the sum of One Hundred Fifty Thousand Dollars {$150,000.00? to my step-son, RICHARD E. JORDAN, II, if he is living at my death, or if not, then to his then living issue, per stirpes; provided, however, that should any such issue not then hav attained the age of thirty-five years, each such issue' ha shall be paid to my Trustee hereinafter named, IN NEVER LESS, each to be held, administered and dispo - of a separate trust estate in accordance with ITEM VII enefit of each such issue. ITEM VI. UN IED CR T UST. I give, devise and bequeath to my T - ein er named, IN TRUST NEVERTHELESS, to be held, adm' 'stere nd disposed of in .accordance with this ITEM for the ben of Husband and his issue therein referred to as the "Unified Credit Trust") an amount equal to the sum of the balance of the dollar amount not taxed in my estate due to the application to my estate of ti) the unified credit against federal estate tax (the "Unified Credit"}, after deducting therefrom the value, for federal estate tax purposes, of {a) assets included in my federal gross estate which pass or have passed other than under the terms of this Will and which will utilize a portion of the Unified Credit, (b) any bequests under Page 4 of 20 pages .. , . • i t the preceding ITEMS of this Will whz.ch will utilize a portion of the Unified Credit and (c) adjusted taxable gifts not included in my federal gross estate but included in the computation of the tentative federal estate tax in my estate; and (ii) the state death tax credit allowed for federal estate tax purposes tbut only to the extent its use will not increase any Death Taxes owing by my estate). My Trustee shall have, hold, manage, invest and reinvest the assets of the Unified Credit Trust, collect the income. and (a) If My Husband survi m beginning at my death, my Trustee shall pay ov net income of the Unified Credit Trust to My and 'ng My Husband's lifetime, in installment of ss fr ently than quarterly. In addition y T stee shall pay to My Husband such amounts of incipal of such trust as, in the sole discret' Trustee, shall be necessary for the inte c support and medical and nursing care of M Husban t ing into consideration any other means r dily a ilable for such purposes. (b) and me , my any undist follows Hof the survivor of My Husband 1 distribute the grincigal and e of the [Tnif ied Credit Trust as (1) If My Step-daughter, is then living, the Trustee s-hall retain such assets IN FURTHER TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ITEM VII for the benefit of Barbara J. Schenck tthe "Barbara J. Schenck Trust^). • i I~ t2) If My Step-daughter is not then living, my Trustee shall distribute such assets to the then living issue of My Husband, per stirpes; provided, however, that if any such issue has not then attained the age of thirty-five years, each such issue's share shall be retained by my Trustee, IN TRUST NEVERTHELESS, each to be held, Page 5 of 20 pages 1 ~ administered and disposed of as a separate trust estate in accordance with ITEM IX for the benefit of each such issue. ITEM VII RESIDUE - QTIP TRUST: I glue, devise and ~ bequeath all of the rest, residue and remainder of my property, real, personal and mixed, not disposed of in the preceding. portions of this Will, to my Trustee hereinafter named, IN TRUST ~ ~ NEVERTHELESS, to be held, administered and disposed of in accordance with this ITEM VII for the b efit of My Husband and h.~s issue therein referred to as the "Q lified Terminable Interest Property Trust" or the "Q t"). My Executor shall have the right to elect th- federa estate tax return prepared on behalf of my estate ave a portion or all of the property passing under is treated as "qualified ~ terminable interest pr rty" i order to qualify such portion or all of the props or t ital deduction for fedexal estate tax purposes. I my Exe for elects to have a portion or all of ~ such assets so qua such elected assets shall be held and maintained by my Trustee as a separate trust estate and the balance, if any, of the assets which are governed by this ITEM • VII shall also be held and maintained as a separate trust estate. Each such trust estate {or if there is no such partial election to qualify, then the single trust) shall be held in trust for the following uses and purposes and subject to the provisions of the following subparagraphs ta} and {b}. My Trustee. shall have, Page ~ of 20 pages • 1 1 1 • • i f • • i hold, manage, invest and reinvest the assets governed by each such trust, collect the income and (a) Beginning at my death, my Trustee shall pay over the net income of each such trust to My Husband during his lifetime, in installments not less frequently-than quarterly. In addition, my Trustee shall pay such amount of the principal of each such trust as, in the sole discretion of my corporate Trustee, may be necessary for the maintenance, support and medical and nursing care of My Husband, taking into consideration any other means readily available for such purposes. Upon the death of My Husband, my Trustee shall distribute any accumulated income of each such trust to My Husband's estate. (b} Upon the death of the and me, my Trustee shall, afte~j Trustee of any Death Taxes paya~] by reason of My Husband's d remaining principal of su ru~ su vor of My Husband e yment by my of such trusts dirt ute the then s as lows: (1) I f My Step - ter, BARBARA 7 . SCHENCK, is liv death of the survivor of My sba a me, my Trustee shall distrib a from ch principal an amount equal t the as is in the Unified Credit T u IT VII remaining at the death o uc su tv my step-son, RICHARD JO II, if he is then living, or if h is not hen living, to his `issue then li p stirpes; provided, however,. that if issue has not then attained the age of thirty-five years, each such issue's share s-hall be retained by my Trustee, IN FURTHER TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ITEM IX for the benefit of such issue. (2) The balance of the principal of such trusts shall be divided into two equal shares and distributed as follows: ~A) One equal share to my step-son, RICHARD E. JORDAN, II, if he is living at the death of such survivor, or if the is not then Page 7 of 20 pages n U • living, to his issue then living, per stirpes; provided, however, that if any such issue has nat then attained the age of thirty-five years, each such issue's share shall be retained by my Trustee, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ITEM IX for the benefit of such issue. (8} Lf My Step-daughter, BARBARA J. SCHENCK, is living at the death of such survivor, the other equal share shall be retained by my Trustee, IN FURTHE TRUST NEVERTHELESS, to be held. administered and dispose of in accordance with ITE or the benefit of My Step-dau If Barbara J. Schen not 'ng at the death of s su ivor, hen such equal sh sh pass to the then living iss Barbara J. Schenck, provided, however, at a uch issue has not the attaine the age of thirty- a year each such is a 11 be retained by m rustee, THER TRUST RTHE S, each to be held, a iniste d and disposed of in ac da with ITEM IX for the bens f such issue. (C~ If none of the beneficiaries named under either subparagraph (2) (A} or (2) (B) of this paragraph (b){2) is living at the death of the survivor of My Husband and me, then the assets otherwise passing under that subparagraph shall be added to the assets passing under the other subparagraph. (D) In creating the two equal shares under this subparagraph {2), my Trustee may allocate all or any part of the assets of any separate trust containing assets to which an exemption from federal generation skipping tax has been applied, between such equal Page 8 of 20 pages .r ~f ~~ 1# !~ 1 ~- I~ I~ shares as the Trustee in its sole and absolute discretion determines to be appropriate; provided, however, that the two shares must in all events be equal in value and the assets which are exempt from federal generation skipping tax shall at all times be segregated from those assets which are not exempt from federal generation skipping taxation. ITEM VIII. BARBARA SCHENCK TRUST: My Trustee shall have, hold, manage, invest and reinvest the assets of the BARBARA SCHENCK TRUST, collect the income and 1 r (a) Pay to BARBARA J. derived from the trust, in frequently than quarterly. shall pay to or for the ber such amounts of the print' sole discretion of my Tr maintenance, support, aid My Step-daughter or issue, taking into nsid readily available r such SCHENCK he net income ins s not less a my Trustee of My ep-daughter 1 o such trust as, in .the e ay be necessary for the al and nursing care of o f My Step-daughter's ti any other means rvoses. (b) If a ntains separate trusts under this I as di d by ITEM XIII(p) so that one trust is ex t fro ederal generation skipping tax and the othe trust not exempt from federal generation sk in ax, My Step-daughter may by Will making specific. erence to this power, appoint all or any portion of the assets of such separate Trust which contains assets which are not exempt. from generation skipping tax, to or -far the benefit of such person (s ) or corporation(s) or other entity(ies), or My Step- daughter's estate, in such amounts or proportions, and in such lawful interests or estates, whether absolutely or in trust, as My Step-daughter may appoint. This power of appointment shall be exercisable by My Step- daughter alone-and in all events. (c) Upon the. death of My Step-daughter, the undistributed income and principal of the Trust, not appointed pursuant to the power given in subparagraph (b) above, shall be distributed to My Step-daughter's issue then living, per stirpes; or, if My Step-daughter Page 9 of 20 pages • • • has no issue then living, to my step-son, RICHARD E JORDAN II's then living issue, per stirpes; provided, however, that should any such issue not then have attained the age of thirty-five years, each such issue's share shall be retained by my Trustee as a. separate trust estate to be held, administered and disposed of for the benefit of such issue in accordance with ITEM IX (the "Retention Trust"). ITEM IX. RETENTION TRUSTS: My Trustee shall have, ~~ ~s ~s ~7 Ci li 1• hold, manage, invest and reinvest the assets of each Retention Trust, collect the income and (a) Until the beneficiary of he Retention Trust (the "Beneficiary") shall have att. ed the age of twenty-one years, my Trustee shall om time to time pay to or for the benefit of t Be - ficiary such amounts of the net income and 1 of the Retention Trust as, in the disc 'on of my Trustee, may be necessary r e Bene ciary's maintenance, support, me al d nursing care and education, taking into co ation any other means readily available fo oses. At the end of each year any une de c - shall be added to the principal of the R ention ru t. (b) Aft e - nef' ary shall have attained the age of twen one ye Trustee shall thereafter pay to the nefici the net income derived from the Retention T' t in stallments not less frequently than quarter and ch amounts of the principal, as in the sole disc of my Trustee, may be necessary for the Beneficiary's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. (c) When the Beneficiary shall have attained the age of thirty years, my Trustee shall distribute one- half of the then principal of the Retention Trust outright to the Beneficiary. After the Beneficiary shall have attained the age of thirty-five years, my -Trustee shall distribute the remaining principal and any undistributed income of the Retention Trust outright to the Beneficiary; or if the Beneficiary shall have died before attaining that age, my Trustee shall distribute the then remaining principal and any Page 10 of 2 0 pages 1 ~ • • undistributed income, not appointed under the following subparagraph (d) of this ITEM IX, to the Beneficiary's issue then living, per st~rpes; or, if the Beneficiary has no issue then living, to My Husband's issue then l~.ving, per stirpes . (d) The Benefic~.ary may by Will making specific reference to this power, appoint all or any portion of the assets of the Retention Trust to or for .the benefit of such person(s) or corporation(s) or other entity(ies), or the Beneficiary's estate, in such amounts or proportions, and in such lawful interests or estates, whether absolutely or in trust, as the ~ Beneficiary may appoint. This .power of appointment shall be exercisable by the Beneficiary alone and in all events. (e) Regardless of the foreg g provisions of this Will, if any trust under his TEM IX is in existence twenty years folio death of the ! survivor of the group cons' ~'ng o Husband, if he is living at my death, M usban issue living at my death, each such t sh terminate at the end of said 20th year followin eath of the said survivor, and all a~ the trust shall then be distributed to th nc b ficiary of said trust. ~ ITEM X. I ION UALIFY FOR MARITAL DEDUCTION. It is my intent' co o the provisions for the allowance of the marital ductio for federal estate tax purposes. I ~ therefore direct y provisions of this Will notwithstanding, the powers granted herein to my Executor and Trustee shall be construed in accordance with said intention and shall not be interpreted or exercised so as to disqualify, for • federal estate tax marital deduction purposes, any portion of the QTIP Trust created under ITEM VI elected to qualify for the federal estate tax marital deduction. Page -11 of 20 pages • L • 1• 1 ~! ~ ~ 1• ~~ ~~ ~ • ~~ 1• li ^ ITEM XI. SPENDTHRIFT PROVISIONS: No part of the income or principal of the property held under any trust created hereunder shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to the beneficiary's actual receipt thereof. My Trustee shall pay over the net income and the principal to the beneficiaries herein designated, as their interests may appear, without regard to any attempted anticipation (except as may be specifica y provided herein and except for any disclaimer), pledgin r signment by any beneficiary under any trust crew ereun and without regard to any claim thereto or ahem d 1 attachment, seizure ar other process against sai f ary. ITEM XII. AL PR UM ION Any person who shall have died at the s i - as I r under such circumstances that it is difficult impos 'ble to determine who shall have died first, shall be d ed t ave predeceased me. Any person other than me who shall have died at the same time as any then beneficiary of income of my estate or a trust created hereunder or under such circumstances that it is difficult or impossible to determine who shall died first, shall be deemed to-have predeceased such beneficiary. ITEM XI~I. FIDUCIARY POWERS: In the settlement of my estate. and during the continuance of any trust created hereunder, my Executor and my Trustee shall possess, among Page 12 of 20 pages 1 i i others, the following powers to be exercised for the best interests of the beneficiaries, subject, however, insofar as any portion of the QTIP Trust is concerned, to the restrictions set forth below: (a) To retain any investments I may have at my death so long as my Executor or Trustee may deem it advisable to my estate or trust so to do, including securities owned., issued or underwritten by any corporate Executor or Trustee or any of their affiliates . (b) To vary investments, when my Executor or Trustee, and to invel. stocks, notes, real estate mortgage securities or in such .other re or including securities owned, is any corporate Executor or T e o affiliates, as my Executo r st, without being restricted so ally investments". eemed desirable by in such bonds, or other ersonal property, underwritten by of their all deem wise, "legal (c) In order e t ivision of the i i l f t pr nc pa o my es o or s or for any other purpose, including ny fin distribution of my estate or trust, my t or stee is authorized to make said divisio o di ions of the personalty and realty part or wh ly i n kind. If such division or distributio 's mad in k ind, said assets shall be divided or d rib d at their respective values on the date or d thei r division or distribution. In making any division or distribution in kind, my Executor or Trustee shall divide or distribute said assets in a manner which will fairly allocate any unrealized appreciation among the beneficiaries. (d) To sell either at public or private sale and upon such terms and conditions as my Executor or Trustee may deem advantageous to my estate or trust, any or all real or personal estate or interest therein owned by my estate or trust severally or in conjunction .with other persons or acquired after my death by my Executor or Trustee, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or Page 13 of 20 pages 1 1 1~ ~~ 1~ 1• ~~ 1~ ~~ 1! liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon my Executor or Trustee in this paragraph or elsewhere in this Will. (e) To mortgage real estate; provided, however, that this provision shall not apply to real estate. which is an asset of any portion of the QTIP Trust qualified for the federal estate tax marital deduction, and to make leases of real estate for any term. (f) To borrow money from any Executor or Trustee, to pay indebte~ my estate or trust, expenses of adm: Taxes or other taxes; provided owe provision shall not authorize portion of the QTIP Trust ied estate tax marital deduct' (g) To pay enforceable debts administration of hereunder, and my last illness and that. no such connection w' be paid fro the Trust quali d f~ deduction. arty, including my ess of mine or of istration, Death er, that this g from any the federal ~t enses, legally g in connection with the ny trust created or ha pay the expenses of e eases; provided, however, n debts or charges in tration of my estate shall of any portion of the QTIP federal estate tax marital my (h) To vote any shares of stock which form a part of my estate or trust and to otherwise exercise all the powers incident to the ownership of such stock and to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated .business, with all the rights and powers of any owner thereof . (i) in the discretion of my Executor or Trus ee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of my estate or trust. Page 14 of 20 pages 1• • (j) To assign to and hold in my estate or trust an undivided portion of any asset. {k) To hold investments in the name of a nominee. (1) To compromise controversies. ~~ It 1~ ~t Is I! (m) Only property which is fully eligible for .the marital deduction for federal estate tax purposes shall be assigned to the portion of the QTIP Trust qualified for the federal estate tax marital deduction. Notwithstanding anything to the contrary contained in this W~11, my Trustee shall not retain beyond a reasonable time or invest in, as an asset of any portion of the QTIP Trust elected to qualify for the federal estate tax marital deductio any property which may at any time be or become unproductive. {n) To disclaim, in whol interests in property owned by death, including those pass' intestacy, contract, join or otherwise. .rt , any and time of my Will, aeration of all law {o) To elect S on 2652 {a) {3) of the Code to treat me as the n o f any qualified terminable interes prope w h respect to which my estate was allowed deduc on under Section 2056{b)(7) of the Code 3n o locate any of my exemption from. federal. gene n a transfer tax under Section 2631 of the ode to ny property as to which I am the deemed trap eror er Section 2652{a) of the Code, regardless o heth or not the property with respect to which such on or allocation is made is part of my probate estat Any such election or allocation shall be made in the sale discretion of my Executor and shall be binding upon all persons, including the then trustee of any inter vivos trust created by me, and such Executor shall not be personally liable for exercising any such discretion in good faith. (p3 To divide any trust hereunder which wauid have a generation skipping transfer tax inclusion ratio other than one or zero, into two separate trusts which .are~'fractional shares, known as the "exempt trust" and the "nonexempt trust". Such division may occur ab initio in connection with the initial funding of the trust. The exempt trust is that fractional share of the total trust fund that has a generation skipping Page 15 of 20 pages • f t transfer tax inclusion ratio of zero, and the nonexempt trust is the remaining factional share of the trust, with a generation skipping transfer tax inclusion ratio of one. The terms and conditions of the nonexempt trust and the exempt trust will be identical unless. otherwise expressly provided to the contrary. Any reference to a trust created under this Will, without a further specification or limitation, shall be deemed to refer to both the exempt trust and the nonexempt trust, in proportionate amounts, where relevant. The assets of each separate exempt and nonexempt trust shall be held, administered and invested as separate trusts, and my Trustee shall maintain adequate accounting and records for both such trusts. My Executor shall indicate on the federal estate tax. return filed for my estate that separate trusts will b created (or funded) and clearly set forth the manner i which the trust is to be severed or the separate~trus funded. (q) To designate corporation to act as a jurisdiction in which a necessary, such ancilla bond or security and to and discretions con (r) To principal, i investment a other speci corporate custodian, discretion reinvestment hereunder. ons or a ry in any tration may be serve without authorities mate from income or of my Executor or Trustee, accountants, brokers and ver there shall be no in office, a corporate o investment counsel e investment and the assets held ITEM XIV, FX~LPATORY CLAUSES: In the settlement of my estate: {a) My Executor shall not be personally liable for loss to my estate or to my spouse's estate or to any beneficiary of either estate resulting from my Executor's decision made in good faith whether or to what extent to elect an the federal estate tax return prepared on behalf of my estate to have a portion or all of certain "qualified terminable interest property" treated as having passed to my spouse in order to qualify for the federal estate tax marital deduction. Page 36 of 20 pages • ~ (b) My Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate resulting from an election made in goad faith to claim a deduction as an income tax deduction or as an estate tax deduction; nor, as a result of such election, shall any compensating adjustments be .made ~ between income and principal or in the amount of any gift under this Will to my spouse intended to qualify for the marital deduction for federal estate tax purposes. tc) In valuing property in my gross estate for the purpases of any Death Tax, my Executor shall not be ~ personally liable for any loss to my estate or to any benef iciai-y of my estate resulting from my Executor ~ s decision made in good faith to use particular valuation date; nor, as a result o uch decision, shall any compensating adjustment b made. in the amount of any gift under this Will. to s use intended to ' qualify for the marital deducts federal estate tax purposes. ITEM XV. CUSTODI E TE OF MINORS: If at any time any minor shall be e d receive any assets free of ~ trust by reason of my d th, wh he payable hereunder, by I~ If ~~ operation of law o e 'se, appoint DAUPHIN DEPOSIT BANK AND TRUST COMPANY, K risbur Pennsylvania, as Custodian of such assets authorized law ayable to such minor. The Custodian may receive, administer and shall have full authority to use such assets, both principal and income, in any manner the Custodian shall deem advisable for the best interests of the minor, including college, university, graduate or other education, without securing a court order. The Custodian shall have all the rights and privileges in its capacity as Custodian as are herein granted to my Executor and Trustee as to my estate and any trusts created hereunder. Page 17 of ZO pages ~. [~ I• ~~ ~~ I'~,EM XVI. TRUST MERGERS AND TERMINATIONS: (a) If there should be established by My Husband, either by Last Will and Testament or by inter vivos Deed or Agreement, trusts similar to the trusts herein established for the benefit of my issue, my Trustee shall have the right and power to merge trusts herein established with similar trusts for the same beneficiaries established by My Husband and to operate each of the merged trusts as a single trust. (b) If, in the opinion of my Trustee, at any time any trust hereunder is or becomes too small to justa.fy its maintenance as a separate trust, my Trustee, in my Trustee's sole discretion and without the necessity of court approval, shall terminate suc trust by distributing all the income .and pri ipal of the trust to the then income beneficiary of s d trust. If any additions to any such trust ar ce ed after its termination under this ITEM, su t shall be revived and this provision cont a to. apply to it. ITEM XVII. Husband, RICHARD E. COMPANY as Co-Executors Husband should fa RICHARD E. Bank and Trust I hereby appoint My N DEPOSIT BANK AND TRUST If for any reason My I appoint my step-son, as Co-Executor with Dauphin Deposit f my step-son, Richard E. Jordan, II, should fail or cease to act, Dauphin Deposit Bank and Trust Company shall act or continue to act with all of the powers granted to the Ca-Executors. All references in -this Will to my nExecutor" shall refer to my originally named Co-Executors, to my successor Co-Executors or to my sole successor Executor, as. the case may be. Page 18 of 20 pages la r ~ ,STEM XVIII. TRUS,~TEE: I hereby appoint My Husband, RICHARD E. JORDAN, and DAUPHIN DEPOSIT BANK AND TRUST COMPANY as Co-Trustees of any trust created hereunder. If for any reason My ~ ~ Husband should fail or cease to act, I appoint my step-son, I~ I~ I ~- I~ RICHARD E. SORDAN, II, to act as Co-Trustee with Dauphin Deposit Bank and Trust Company. If my step-son, Richard E_ Jordan, II, should fail or cease to act, Dauphin Deposit Bank and Trust Company shall act or continue to act with all of the powers granted to the Co-Trustees. So Long as beneficiary of a trust hereunder is Co-Trustee, he shall a icipate in any discretionary determination of ruste o distribute principal or income of such st or for the benefit of such beneficiary or to his or Richard E. J an, 1 sh 11 have the right to remove the corporate Co- t or t corporate Co-Trustee of any trust hereunder om ti - to time for any reason; provided, however, that he I1 ediately appoint a successor corporate Co-Trustee in the removed Trustee's stead. All references in this Will to my "Trustee" shall refer I• to my originally named Co-Trustees, to my successor Co-Trustees or to my sole successor Trustee, as the case may be. ITEM XIX~,. FIDUCIARY COMPENSATION: Any Custodian, ~r I• Executor or Trustee shall qualify and serve without the duty or obligation of filing any bond or other security. Any corporate fiduciary shall be entitled to compensation for services in Page 19 of 24 pages I~ ~~ ~~ 1• accordance with the standard schedule of fees in effect when the serv~.ces are rendered. Compensation payable to my individual fiduciary shall be in addition to that payable to the corporate fiduciary. ITEM XX, DEFINITION OF ISSUE: For purposes of It 17 this entire Will, the term "issue" shall not include Scott Schenck or his issue. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consi ing of this and the preceding nineteen (19) pages, thi day of ~_!, 1996 . i~ . J ~r 1• 1• ~, ~~ We, the unde Will was signed, seale named Testatrix a presence of us, o, at the presence of ch ot; the day and year ve of the execution re igned, rely certif~ that the foregoing ubli d and declared by the above- ast Will and Testament, in the he -quest and in his presence and in have hereunto set our hands and seals tten, and we certify that at the time the said Testatrix was of sound and disposing mi and . i tsEAL) ~ (SEAL ) ( SEAL ) Page 20 of 20 pages Residing at : ~')~ ~ ~ r. ~ ~~ ] t,~ Residing at : ~iY ~, Residing at : 1:~,7t3 ~ t~1. ~~ • • • • was admitted to probate as the last will WHEREAS, on the 15th ~ dated August 30th 1996 AN LO~I SE K late of HAMPDEN TOWNSHIP RLAND County, who died on the • 3rd day of May 2002 and, WHEREAS, a true copy of the wi asp bated is annexed hereto. ~- THEREFORE, I, MARY C IS Register of Wills in and for __ the County of CUMBERLAND in he Com nwealth of Pennsylvania, hereby certify that I have this day granted to TESTAMENTARY ~ to JORDAN RICHARD E and ALLFIRST BANK & TRUST CO OF PA who have duly qualified as Executor(rlx} `and have agreed to administer the estate according. to law, all of which fully ppears of record in my Office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYLVANIA. -,,~. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seaJ_ of my Office the 15th day of May _ 20~~ ~~ I! t ~~ . Register of Wills of CUMBERLAND County, Pennsylvania Certificate of Grant of Letters _ ~~- . _ No. 2002-00472 PA No 21-02-0472 ESTATE OF JORDAN LOUISE K Late of HAMPDEN TOWNSHIP , Deceased Social Security No. 1 -20-7446 day of Ma 2002 an Instrument **NOTE** AI,L NAMES ABOVE APPEAR (LAST, FIRST, MII}DI,E) ~~ Z :~ -~ 3 < iT ~, ~ .!s:Y. n:Y.as•, .~'Cair4+^:K ~! • rr.ke. .. .~. _ ... ~ F .. _. ... ., ..Yt .s° .. a~ .ys ~f`'F~E ,.t _. xr'•4R`•'~ c~c., .. t.,, 3,, r Cr ""J ..'v ]'"Fr ..'~' ' `... S ." _~A`a~ ...J.:: 1•i .:.. w . .,.r. ... ., .. ... .. •'.5 .! ' _ _ ' ~~ t~~c~ n. SELECT' PORTF~I.IU ACC4ITrIT AGRE~T r • • Dispositive 1. ['rovisions I~ wring My Lif e I, ~tcld/~rl Q~ ~~ c1v/~~/tN (Settlor) of C~,v~/~ l~l~~ C ~ /~ /`1 hereby transfer to Dauphin Deposit Bank and Trust Company {hereinafter called the Trustee}, a Pennsylvania bank And trust company, such pi•opez•ty as may be delivered conterxipol•aneously herewith, or at such time or times hereafter, to be held in Trust as follows: During my lifetime: A. All of the net income shall be aid to me at least quarterly yr shall be paid or accumulat an added to pi~ncipal, as I may direct in writing; _ B. A.s much of the pr' Ipa s I ma from time to time request in writing shall be pa• o m r as i iu.ay otherwise direct; C. If, in the to apply the l TI•ustee nlay and/or princi o 'on, I am at any time unable to act or t. in wn best interest and advantage, t:he Lire y r fny benepit as Iuuch of the Llxco~I:~e the 'rustee may, from time to time, deem ve •e, comfort, support or emergency needs, e intervention of a guardian, and xnay add of the incolue as tl~e Trustee deeoas adv~.sable. ap diY to • 1 D. Tru ~ keep true -and Cori ect boobs of account, which books of a Ilt shall at all reasonable times be o}~en to _ the inspection of Settlor or lus duly appuuted representative. Trustee shall also quarterly render Sett-lvr a detailed statement showing all receipts and disbursements on account of the tI•ust estate and the manner and forln In which the trust estate is invested at the time of the rendition of such statement. i . Dispositive 2. Upon my death t~%hi le file trust continues, the Trustee slia ll pay • Provisions the then-relnailung priucipai and income to my Executor or• Acllniuis- A,fter My Deatli ~ tratoz• for- disposition as p~irt of my Instate. Rigll.t to 3.• I reserve the riglxt to revoke oz• amend this trust, iiz whole oz• in ~ Revoke axid part, at any time and froln time to tiiae b~* an instrument •i1I. writing, Amend delivered to tlxe Trustee and intelicled to take ef~'ect during my lifetime; except that the duties. powers and liabilities of the 'T'rustee shall not be changed tivithout its wiitten consent. 7'lxe 'I'ru.stee reserves the right, at any tilne •upon. i:liil•ty (30) days advance wr.•itfeli notice to Inc, to resign the trust and deliver the trust estate to Inc, ~ after deducting therefrom its fees and any expenses t11.en due and payable. _ . Dauph;n Deposit Bank ~ and Tcttst ComparN BANK OF ~vsnv~w aiwsroN a wurHw ocros~r e~nK oa~oo-m ~~ 1• 11 It 1• ~~ 1• 1• ~~ a ,: ffi~c~. I~3aaun~~ . Additions to ~ 4. Subject to the approval of the Trustee, either I oz•. any other entity Trust may add property, ~•ea1 and personal, to the principal of this trust. . Trustee's 5. In addition to the powers granted by law, my Trustee shall have Powers ~ the following dis~reti~nary powers, applicable to piinci al and income, which. shall be exercisable without leave of court an~ shall continue until distribution is actually made; _ A. To accept and retain any or all property at' any time hereafter delivered or in any other manner hereafter acgaired, including stock or other securities of the Trustee, or of a holding company controlling the Trustee; B. To invest in all forms of pr ope (including, but not by way of limitation, .real estate, all types stocks, bonds, options, and participations in common tr f sand money market fundsj; without being confined to in prescribed by statute and without being required to sify; C. To buy investmen t D. To hold pro or discount; or in the name of a nominee; E. To give pr 'es, both istoiial and discretionary; F. To _ . G. To oin in y merger, .consolidation, reorganization, voting trust p , . or o er concerted action of security folders, and to delegate nary duties with respect thereto; H. To borrow from Dauphixi I?eposit Bank and Trust Company or from others, and to pledge real or personal property as security therefor; to loan cash or securities upon such terms an:dconditions as trustees deem appropriate. I. To sell at public or private sale for cash or credit or partly for each to exchange, to improve or to lease foi• any period of time, any real or personal property; and to give options for sales, exchanges, or leases. J. To allocate any property received or charge incurred to principal oi• income or paY•tly to each, without being obliged to aliply the usual rules of trust accounting; K. To distribute in cash or in kind or partly in each; ~• ~~ L. To retain any part or all of my business interests held in this Trust as long as the Trustee considers ~ it advisable to do so; and to conduct, alone ~ or with ot-hez•s, any such business ti which I am engaged, with all the powers of an owner or with respect thex•eto, Dauphin Deposit Bank and Trust Compor~y 6~ANK OF [~vNSnv~tA DNISWM O( OAU1'HIN D[POSIi MNII ~'f~'~ C~ 1• ~• Ii ~~ ~• ~~ ~` ^i • /~ ~ c.r _ ~. . . ~ffiII'II~~B'Il~ including the power to delegate discrei:ionaiy duties to others and to pay adequate compensation to any. such person; to invest other property in such-Uusin~ss,, auch~,to incorporate it or change its form. Compensation 6. The trustee .shall.bc,_coinpeiisated iu accordance with its standard schedulerof charges, in effect. from time to time during the period of its services .and this com ensation shall bo aid from rmci al or income ~~~~ . P P P P or partly from =each- in~s'.the~.aole discz•et2on of the Trustee. Settlor hereby acknowledges- receipLt ^of~;~'rustee's current fee schedule, which is subject to revision •fi~oni` tzriie totime. ~ ~•tl ~ 7; Stockbroker ~ 7. Employment-of"Hopper~SoldY@ay & Co. The Trustee shall hAVe the z•ight and power 'toy =eiiiploy; 'I3opper, Soliday & Co., a separate subsidiary of Dauphin -D'eposit' C~rporat•on, as designated stockbrohiez•, ` - to pezform all .normal ~•aiid''cu~stomary uties of that office_ Any fees, commissions ~ oz• 'chax ges macley by; Hop r, Soliday & Co. against this tzust shall be in Ea~ddition to•~all~= t . ' ee s as authorized in paragraph SIXTH of this agreement. . ~ _ _'' ~'..~.; ~-~ .-. Noii- 8. No part of the income rin pal oft e property held under this Assignment Trust shall be subject to ch nt, le~~y or seizure by any creditor, spouse, assignee or trustee ceiver in bankruptcy prior to actual • receipt thereof. The e 11 pay over the net income and the principal to the p ons i esignated, as theiz• interests may appear, without r and to ny attempted .anticipation (except as . specifically provide this Bement), pledging or assignment under '~ the Trust, a ho to any claim thereto or attempted levy, attachmen eizure o r process against me. Law Governing 9. This ti t is aced and accepted in the Commonwealth of Trus# Pennsylvania all in all respects be governed by its laws and shall have its sr at Cumberland County, Pennsylvania. Executed on ~ d , 19~y~ _. d2~ ~ 4 __ (~.~- Witness Owner Agreement Da e Executed on 1~L" 196 Dauph~in~Deposit Bank 1Qq-o~- b~t-~ Social Security Number 6 30 ~~ ~ Date o Berth Address Dauphin Deposit Bank and Trust Company (Title) BANK OF' ~v1vsY[.v~ntiA awswr+ a a+unur+ uros~T e~~ 00.100.222