HomeMy WebLinkAbout07-28-101505610101
REV-1500 °`~°'-'°' ~
OFFICIAL USE ONLY
PA Department of Revenue Pennsylvania County Code Year File Number
Bureau of Individual Taxes 'E`"""'~°`"`~"~`
PO BOx28o6os INHERITANCE TAX RETURN
Harrisburg. PA s~i28-o6oi RESIDENT DECEDENT ~ ~ d ~ ~ Z
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
l 0 1 l~ 3 1 L o ca 9 a 8° i~15~~
Deosdertt's Last Name Suffix Decedent's First Name MI
(If AppNcabls) Enter Surviving Spouse's Information Below
Spouse's Last Naffte Suffix Spouse's First Name MI
~mrr _
e
~~~~~~
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APIaRtDPR1A~ OVALS BELOW
1. Original Retum O 2. Supplemental Retum O 3. Remainder Retum (date of death
prior to 12-13-02)
O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Retum Required
-. death after 12-12-82)
j
~
O 6. Decedent Died Testate 7. Decedent Maintained a Living Trust
8. Total Number of Safe Deposit Boxes
O
(Attach copy of Will) (Attach Copy of Trust)
O 9. Litigation Prooaeds Received O 10. Spousal Poverty Credit (date of death O 11. Election to tax under Sec. 9113(A)
~ between 12-31-91 and 1-1-95) (Attach Sch. O)
CORESPONDENT- TN6S SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTUIL TAX INFORMATION SHOULD BE DIRECTED T0:
Name Daytime Telephone Number
C R ~ O to L8'4
REGI F WILLStISE ON~ ''-
~7 CXJ f .L`~ ~ .
First line of address 4i ~~a ~ ~ •~.. ,
;~ ~ C7 ._
Second line of address ~~ ~ r * "" ~ -
~! N ~~~
City or Post Office State ZIP Code DATE FILED
Correspondent's a-mail addn3ss:
Under penalties of perjury, I dedare that I have examined this return, induding accompanying schedules and statements, and to the best of my knowledge and belief,
k is true, correct and complete. Dedaretion of preparer other than the personal representative is based on all information of which preparer has any knowledge.
ADDRESS
SIGNATURE OF PREPARER OTHER THAN
?/ LB 1 L~~
Z~O~
DATE
ADDRESS
PLEA8E U8E ORIt31NAL FORM ONLY
Side 1
L 1505610101 1505610101
1505610105
REV 1500 EX Decedent's Social Security Number
' ( f~ mw
DecedaM's Nana: Jo hfN `-' 7 ••e~Sl~, r r ~ (cs C~ ~
RECAPITULATION
1. Real Estate (Schedule A) ............................................. 1. Z 6 b G a
.......................... 2.
2. Stocks and Bonds (Schedule B) .............
~D ~
3. Closely Hek! Corporation, Partnership or Sole-Proprietorship {Schedule C) ..... 3.
4. Mortgages and Notes Reoeivat~le {Schedule D) ........................... 4.
5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. 3 $
6. Jointly Owned Property (Sd~edule F) O Separate BilNng Requested ....... &.
7. Inter-Vn-os Transfers & Misoellaneous Non-Probate Property
(Schedule G) O Separate BNling Requested........ 7.
~
~
7
8. Total Gross Assets (total Lines 1 through 7) ............................. 8. ~, ~ S (~ O
9. Funeral Expenses and Administrative Cots (Schedule H) ................... 9. (i 9 +-{ O a
10. Debts of Decedent, Mortgage Liat~ilities, and Liens (Schedule I) .............. 10.
11. Total Deducdona (total Lines 9 and 10) ...........................:..... 11. (p 0 ~
12. Nst Valve of Estate (Line 8 minus Line 11) .............................. 12. C/
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has riot been made (Schedule J) ...............:........ 13.
~
14. Net Vatw Subject to Tax (Line 12 minus Line 13) ........................ 14. 3
TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(ax1.2) X .0_
16. Amount of Line 14 taxable
at lineal rate X .0 ~ S 9
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
15.
16.
17.
18.
19. TAX DUE ......................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O
Side 2
1505610105 15056b0105 J
REV-1500 EX Page 3
Decedents Complete Address:
Flle Number Z~ ~ Cf ~ ~ ~ 2 V
DECEDENrs NAME
~a f{~.J f P~2CAs~ci
STREET ADDRESS
Scco w Cu ANA ~
CITY ~t~-bL+A STAT~~ ZIP ~O Z'S~
Tax Payments and Credits:
1. Tax Oue (Page 2, Line 19)
2. CreditslPayrrlents
A. PriorPayments
B. Disco~rt
Total Credits { A + B) {2)
3. Interest
(3)
4. ff Line 2 is greater than Line 1 + Line 3, enterthe dfiererlce. This Ls the OVERPAYMENT.
FiN in oval on Page 2, Lirw 26 Eo ngrwst a refund. (4)
(1) ~G,~~~.fo7
d
O
5. N Line 1 + Line 3 is grea~r than Line 2, enter the difference. This is the TAX DUE. (5) ~ 4, ~ g ~ . V 7
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 transtEx and: Yes tVo
a. retain the use or income ~ the propertytransferred; .......................................................................................... ^
b. retain the right to desgnate who shag use the property transferred or its insane : ............................................ ^
c. retain a reversionary interest; or .......................................................................................................................... ^
d. receive the promise for life of either payments, benefits or care? .................................................................... ^
2. If death oaurted after Dec. 12, 1982, did decedent transfer property within one year of death
without receiving adequate oonsideration? .............................................................................................................. ^
3. Did decedent own an 'in bust for" or payable-upon~eaih bank account or security at his or her death? .............. ^
4. Did decedent own an individual refiranent 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 R AS PART OF THE RETURN.
Fa dates of death on or after July 1,1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is
3 percent ]72 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 requin~ments for disclosure of assets and
fdirtg a tax return are still applicable even if the surviving spouse is the only beneficlary.
For dates of death on or after Juty 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an
adoptive parent or a stepparent of the child is 0 percent 172 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 4.5 percent, except as noted in
72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the~decedent's siblings is 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.
REV-1500 EX Page 3
Deaedenff~s Comulete Address:
File Number 2~ ~ Cj ~( t Z
~cE~Nrs r~
~Toft~ S ~~2c~osry
sTRt_Er AooRESs
S cco w Cu ~ NA t~
CITY ~t~-bLM STA~~ ZI ~ ~Gl Z.'~
Tax Paymr>~nts and Credits:
1. Tax Due (Page 2, L'me 19)
2. Credits/Paynrents
A. Prior Payments -
B. Discount
3. Interest
4. ff Line 2 is greah3r than Line 1 + Line 3, enter the dilfererxx;. This is the OVEi~AYMEt4'T.
Fffl in oral on Page 2, tJna Z6 to rogwst a refund.
Total Credits (A + B) (2)
(3)
(4)
(1) J (.~.~ ~~,l07
6
O
O
5. ff Line 1 + Lkre 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 14, ~ g ~ • V 7
Make check payable to: REGISTER OF WELLS, AGENT.
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did deoederrt make a bansfer and: Yes No
a. rehain the use or irxorne ~ the property transferred :.......................................................................................... ^
b. retain the right m desgnate who shah use the property transierted or its income : ............................................ ^
c. retain a reversionary interest; or ..........................................................................................................................
d. receive the promise for life of either payments, benefits or care? .................................................................... ^
2. If death occurred after Dec. 12,1982, did decedent transfer property witl~in one year of death
without receiving adequate consideration? .............................................................................................................. ^
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 ANSYYER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE iT AS PART OF THE RETURN.
Fa dates of death on w after July 1,1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is
3 percent 172 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer th a surviving spouse from tax, and the statutory requirements for disdceure of asset and
iding a tax return are stfil applicable even 'rf the surviving spouse is the only benefiaary.
For dates of death on or after July 1, 2000:
• The tax rate imposed on the net value of transfers fr~n a deceased child 21 years of age or yaanger at death to or for the use of a natural parent, an
adoptive parent or a stepparent of the child is 0 percent (72 P.S. §9116(a)(1.2)].
• The tax rate imposed on the net value of transfiers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in
72 P.S. §9116(1.2) [72 P.S. §9116(a)(111.
• The tax rate imposed on the net value of transfers to or for the use of the' decedents siblings is 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1502 EX+ (6-98)
scN~ou« A
COMMONWEALTH OF PENNSYLVANIA REAL ESTATE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
rat nu~nrrstH
oHN T PLZc.vsK, Zif 'a~ o~iz8
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 df the relevant facts.
Real property which Is jointly-owned with right of aurvlvorship must be disclosed on Schedule F.
ITEM
NUMBER VALUE AT DATE
DESCRIPTION I OF DEATH
1.
hoMlE LoC/~Tr~ ~T
Stb W Cu n~C3Et2c~i~ /Zu~1-D ~-ckA- ~°A t7o ~ ~~{ 2 Sz)a
TOTAL (Also enter on line 1, Recapitulation) I S /'~2 ~ Sao
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
scN^®u« s
STOCKS & BONDS
ESTATE OF r---- FILE NUMBER
.J o y ,.~ ~ P~ Rio Sly Z I b y O I
Ail propertg bintly-owned with right of survivorship must be dlsdosed on Schedule F.
ITEM
NUMBER VALUE AT DATE
DESCRIPTION OF DEATH
1.
g3 c(S Sr?V~NC9S $ oN~.S
~°, Zceco. 2$
TOTAL (Also enter on line 2, Recapitulation) I S ' ~ D ~ Z ~ (s Z6
(ti more apeoe is needed, rreert additional sheets of the same size)
REV-1508IX+11.97)
SCHEDULE E ~+/-
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, ~ MISC.
INH~E sioE~oECEDENT~ PERSONAL PROPERTY
ESTATE OF ~- FILE NUMBER
~J o »N S f~~ 2.c,~s ~ 2 ~ 0 9 a i i Z b~
Indude the proceeds of litigation and the date the proceeds were n~oeived by the estate. All property jolydly.owned rrltlr the right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
pC-~2soN~ P2~'c~rt'fY s0(.n ~- ~~2D s~oG-~"
~1~A.oo n~ SCT Z 3 ° o a
/~7j kcn ~ S~ ''7 S o a
M BSc. Hovs~}iot-s t7c'r-~S (y 7 (o . NS (7 3) y 5-
3 I S,~F~Y ~ G~s'l7 t~k ~1 C7~- ~L,ey
~~ 953 3 9
9 !0?0.00
TOTAL (Also enter on line 5, Recapitulation) I S vt' `~' 3 ~ `~~ 8 y
(If more space Is needed, Insert additional sheets of the same size) ~
REV-1510 EX•(1~ , ---
SCHEDULE G
COMMONWEALTH OF PENNSYLVANIA INTER-VIVOS TRANSFERS ~
INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY
RESIDENT DECEDENT
ESTATE OF T FILE NUMBER
V~H~- ~ ~~FX.C~s14 ZI, 6`~ a ~~Z~
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.
DESCRIPTION OF PROPERTY °k OF
ITEM ~MDIUDETHENAMEOFTNE AE~AC,DPY~l~T~IiE~EDFIORREAlEBTA EIWD7HE DAiEOFTRAN6FER DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE
JMBER VALUE OF ASSET INTER ST '' iFAaa1-icae~E
1.
l40.1511~ c. « rNS uf2~cE ~c~ X013 s 6 v o
~fi° ~ ~ 35.~`f
z /q vl v>~ L t ~ INSv ~Nzac c ~ yr~ ~ x,99, 16 ~
~Zlry ~ ~ z$ g a4. yH~ Z9g,~l.
3 ?QANs~r/~s2-2~ cA L~Ft I~-dv~tnN~ Co 2 9 ?~~ - 9Z p
29-~ 7~,q2
~c~cy ~ a~ /oZ~IRKoo i 33Z
TOTAL (Also enter on line 7, Recapitulation) E ~ ~ ~{ :L) S- 7Z
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX+ (10-06)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCNlpYL6 N
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
Debts of decedent must be reported on Schedule L
ITEM
NUMBER DESCRIPTION AMOUNT
A• FUNERAL EXPENSES:
1.
G29V~C O RCN IN ~j
RICI"fr~l Se~S Fu^) ~t noML ~ ~D d a
S~ 3'7-
~' ~ ~,w , i~Aecrc f r+e~-~ Zoo . dc~
B.
1
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s)
Street Address
City
Year(s) Commission Paid:
State Zip
2• Attorney Fees k ~- r N E C.t}•~ O~.Ft.c.~ ~ O d, 0 d
3• Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
4.
5.
6.
7.
Ciiy State
Relationship of Claimant to Decedent
Probate Fees 30 ~'7 , c+~
Accountant's Fees
Tax Return Preparer's Fees
30~.0~
TOTAL (Also enter on line 9, RecapitWlation) ' S G (,~ 9
(If more space is needed, insert additional sheets of the same size)
Zip
REV-1513 EX+ (1J-00)
SCEIEp~/LE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF /~ T p FILE NUMBER
J e 1~ ,v ` 1 6 ~' 2 l l~.C Y t 7 ~ n O /~1 / 1 '7 ~
NUMBER
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT
Do Not List Trustee(s) AMOUNT OR SHARE
OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.211
1.
V i'I' CQuEtr«+E ~ (i9Y (,off ~~1-cl G f~llerC Y
1 3 SS ~-rc.t, ~~ t 4 t=
fr1 ~~,~~,~ ~ PE~~S ~,
Z~ ~ g N RuH~ Ro n,~ ~-~~ /-~~ 2~nS3 so ~ jV~
Jo ~ ~a ~ ~'~-~.~K.
193 1{oN<r~+s2o~ra /1'Ic~.NnNtc~g,,a~ P^ b~ucHfc'~C
/7~r-o
~Gi1NN~ !'rC gRI4E Q~}aA4M'I'.~ '~i f
Z`) S~/~N~,u ~~~
CAS H I>~, PA ~ 70 ~ 1
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THR OUGH 18, AS APPROPRIATE, ON R~V-1500 COVER SHEET
II NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
tir more space is neeaea, insert aooitional sheets of the same size)
~ ~~~7flu~ite ~;rr ~
. ra 1 s e rs - ~,t>r~,~~,~r„~ ~~N~
rnr7epeirc7elat appraisers ~f jeovelry, silver, ,~ c!ac~ks
P.O. SOX 265 - CHURCHVILLE -MARYLAND 21028 ';,x 410.734.62=f6
v~~,-r 800 1351 7888
Estate of John Perioski VINCEN rLASH.~~,,m
c% Jeffrey Perioski January 12, 2010
21508 North Ruhl Road
Freeland, MD 21053
410.357.0263
jt f~ I~I~cI>be (1."v(4,iltil
""~ ~~"~'~' appretsal was pertormed only for the FUNCTION OF FAIR MARKET VALUE in or r to probate
a will for the following described items. The procedures, working, and values differ for any othjer function. The
values expressed are based on current information on the date made and no opinion is hereby] grvren as to any
future or past values. The 11 listings in this e/8ht-page appraisal have a total FAIR W(A ET VALUE of
t9,6Z0.00 as of the October 31, 2009, date of death. This figure does not include sales tax or of ier charges that
might be payable. This appraisal report was conducted in accordance with accepted appraisal tpractices and, in
thatoal~l conclusionslare suer bj~ective THIS APPRAISAmMt~T~~Te c:~~o i~,aantic rec,~'on~-it being noted
The specific description of the items is for the sole purpose of identification in order to determine] the
for v~uation and is based only on the readily apparent ide parameters
the weights of all gerrtstorles are estimated by formula. Duet to l restridyonsl caused bs o~herwise stated,
MEASUREMENTS, WEIGHTS, IDENTIFICATIONS, and GRADES ARE APPROXIMATE. Alt ugh states the
art equipment is used, the actual measurements, weighs, identifications, and grades of games may differ
when analyzed out of the mounting. It is estimated that 98% of all colored stones and pearls are dolor and clarity
enhanced, unless otherwise stated as natural color or natural clarity origin. ALL COLOREDS STONES and
PEARLS ARE ASSUMED TO BE COLOR and CLARITY ENHANCED BY ONE METHOD OR A COMBINATION
OF COLOR and CLARITY ALTERING METHODS.
Multiple gemstone quality ratings are averaged unless differences are extreme and warrant no lion. THE CUT
OF A STONE IS ASSUMED TO BE WITHIN ACCEPTABLE INDUSTRY PERCENTAGES OF EF~ROR UNLESS
OTHERWISE NOTED. The G-XL-18 gold tester-a limited but industry-accepted test-is used to determine
metal fineness. It does not constitute an assay, and no warranty of gold content or metal fineness can be made
unless an actual fire assay is performed.
Ordinary wear common to these items is not noted. Unless otherwise stated,
believed to affect the future integrity of stones or metal work. The items have been deaneds if necessary, to the
best of my ability under prevailing conditions. Numismatic value, if any, is not consideRed or included--coin
l~ry value is based strictly as ornamental. Unless otherwise noted, items are believed to be cbrttemporary-
created within the past seventy-five years.
Images, if included, may not represent true colors or actual sizes, and are used only to show the design of the
items appraised.
Possession of this report-and any copy does not carry with it the right of publication. This re
used for. any purpose by anyone but the person named on the attached a sisal re ~ may not be
written consent. PP Port without Amy previously
i
/:
Appraised by: _~._~
_ ~~'~ ~
Vincent Lash, (;.G. (GIA)
Page 1 of 8 G.I.A. Graduate Gemdogist
Senior MemberMat. Assoc. of Jewelry Appraisers
:,
This appraisal must be in its entirety tp be valid
Copyright ®2010 Vincent Lath
•
a . rc~ ~ s e rs> in~.
fn~epenclent F~ppralsers of jewelry. silver, ,~ clocks
';raduate Gnmofogist m 1 y82
+mth/ ,3ii,smess since t 8Afi
P.O. BOX 265 ~ CHURCHVILLE -MARYLAND 21028 Fix 410.734.6246
/oice 800.851.7888
Estate of John Perioski VtNCENTLASH com
.~anuary 12, 2010
This report is offered with no other contingent or limiting conditions which would affect the val s stated. I also
state that I have no present nor contemplate future interest in the items described that woul~bias the report.
Employment to make this report and compensation for it are not contingent upon the values found but are
derived sdely on a per item basis.
The grading nomendature used for diamondsNcolored stones, andMpearis are those used ' in the systems
developed by the Gemological Institute of America.
DIAMONDS
caoie:o sror~s acct i~Artl.s
MARKET ANALYSIS
Basis for the determination of value is for items ~ like kind and quality. The type of retail dutlet that most
commonly carries the items being appraised is considered the mode. The values given do not necessarily reflect
the price at which the appraised items may be purohased from any one store.
Replacement Cost New is the cost necessary to replace with new materials of like kind ual' and similar
utllity, at current prices, to the item bei a , q Imo'
n9 ppraised. For new items of personal Property. custom designed
items, signed or trademarked items by well-known firms or designers, replacement coat equa~s reproduction
cost. This definition assumes the item being appraised can be substituted new with an exact dupliccate.
Antique and Period style jewelry and silver are unique, and as such, reproduction costs are not applicable. Often
it may be difficult to find an item comparable to the one being appraised. Even if the market d exist, it may
not be large enough to yield sufficient data for an accurate valuation. Therefore, the method u to appraise
antique and period jewelry and silver is Replacement Cost for Comparable Items. This is the necessary to
replace with a comparable item of property of like kind, quality, and similar utility, at current pri , to the item
being appraised. This definition assumes that the item being appraised cannot be readily subst' uted new with
an exact duplicate.
Fair Mar/cet Value is the price at which the property, in its present condition, would most often phange hands
between a willing buyer and a willing seller, neither being under any compulsion to buy or sell ai~i both having
reasonable knowledge of relevant facts.
Appraised by:
- ~~ '/t
Vincent lash, ~ .G. (GIA)
Page 2 of 8 c.l.a crad~aie cemaogise
Senior MemberMat. Assoc. of Jewelry Appraisers
This appraisal must be in its entiety ~ be vaNd
Copyright ®2010 VincerN Lash
•
a . ra ~ s e rs ~n~.
!rile endent a
p ppra~sers af~eavelry. silver. & clacks
~3r~drr~t9 Gemnluy~st rn ?9N2
Family BE~s~ness since t ~)t3fi
P.O. BOX 265 - CHURCHVILLE -MARYLAND 21028 F„x 410.734.6246
vice 800.851, 7888
Estate of John Perloski VINCENTLASH.rom
.~anuary 12, 2010
Gemdogical irtsd~tute~of /yn~ (G AI )Graduate Gem diploma (G.G.),
1982 -GIA Diamond Grariirg and Evaluaton, 1981 -GIA Colored Stone
Grading Evaluation and It~rtMit:atlon, 1982 - Gemmdogical Associatlon of
Great Britain Preliminary Course, 1985 - UNversity of Indiana (in conjunction
with The Intematlonal Society of Appraisers) courses: Personal Property
AAethodology and ReasonirtglPersonal property Appraiser's Fiduciary
ResPonsieiNtfes. 1987 - Benchwork (platlnum-, gold-, and silversmith)
aPPrentlceship, 1986 to 1989 - Horology (dodo artd watdmakin9)
aplxerttlceship, 1980 to 1983 -GIA Alumrw Assodatiort Diploma Member,
1985, with continuing educntior-: Gemdogy Update Seminars, 1983.1966 -
GIA Detecting Synthetlc Diamonds, 29 March 1998 -GIA Pearls Course, April
2000 -Currently the appraiser for tour independent jewelry cortcerrts in the
Washington, Baltlrrare, and Phtladelphia Metropolitan areas -Author of
Instireb~ Interest -Senior Member of the Natlonat Assodatlon d Jewelry
Appraisers - Active fulltlme in the jewelry irtduslry since 1980.
Listings:
1) RING in Blue Sapphire, Diamond,'and 14Karat Yellow Gold
Stamped: IJS 14K
Description: 9 navette brilNant-cut blue sapphires (total weigh 1.0 carat - Uans~arent. medium
violetish/blue color -minor inclusions -good quality) and 38 rotalnd brilliant-cut
diamonds (total weight 1.20 carats -11 clarity - G Dolor)
Date: Contemporary
Dimensions: 35.56 x 3.89 mm wide
Gross weight: 11.1 grams $1,800.00
~;
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Appraised by:
7 - .. ~~ ~~
vncent Lash, ~ .G. (GIA)
Page 3 of 8 c.l.a Graduate cemdogist
Senior MemberMat. Assoc. of Jewelry Appraisers
,.
a.
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~~ .
c-c..~ ~
. ,... . ,
The appraise! must Ne n its entrely to be valid
Copyright ®2010 Vincent Lash
t
~~ ~ ~ ~ ~S rraduate r ~ernnloyrst rn C>N2
~ ~ n C . ' 'unrly Hnsmess since I UN6
iixfepertclent appraisers of jewelry, silver, ,~ clocks
P.O. BOX 265 - CHURCNVILLE -MARYLAND 21028 F,~~ 410.734.6246
vr~~~~ 800 851 7888
v~NCEN~LASH.~om
Estate of John Perloski Jlanuary 12, 2010
2) BAND in Diamond and 14Karat Yellow Gdd
Stamped: 14K WS
Description: 5 graduated round brilliant-cut diamonds (total weight 0.50 carat - W511 darity - G
color)
Date: Contemporary
Dimensions: 7.91 x 3.33 mm wide
Gross weight: 6.4 grams $~ ~
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3) BAND in
Stamped:
Engraved:
Description:
Date:
Dimensions:
Gross weight:
14-Karat White Gdd
WHITE ROSE 14K
J.M.P. to J.J.P. 7-28-51
2-tone band (cut/damaged)
Contemporary
4.48 mm wide
3.3 grams
r~
Appraised by: _~
777 ~ ~` ~ +t.
Vncent Lash, ~ .G. (GIA)
Page 4 oi' 8 G.I.A. Graduate Gemdogist
Senior MemberMat. Assoc. of Jewelry Appraisers
$60.00
. ,,,
This appraise! must be in its entirety ~ko 6e valid
Copyright ®2010 Vincent L~sh
i ,
•
~~ ~ ~ V ~~ Sraduate Gern~loyrst in 194?
n C , F,mdy Rrrsinr ss srnre 1':)N6
imfe Prxfent a ,
p • ppralsers of fewetry, srlver, 8 clocks
P.O. BOX 265 -- CHURCHVILLE _ MARYLAND 21028 Fay 410.734.6246
voice 800.851.7888
VINCENTLASH,com
Estate of John Perioski
J;~nuary 12, 2010
4) RING in Synthetic Ruby and 14-Karat YellowlRose Gdd
Stamped: Worn/Illegible
Description: 1 modified rectangular synthetic ruby (14.50 x 12.0 x 6.07 mm - transparent, medium
violetish/red odor -good quality)
Date: Circa 1945
Dimensions: 16.0 x 3.11 mm wide
Gross weight: 6.5 grams $400 ~
~.
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5) BAND in Diamond and 14-Karat Yellow and White Gold
Stamped: 14K
Destxiption: 1 round brilliant-cut diamond and 2 single-cut diamonds (total weight O07 carat - SI1
clarity - G color)
Date: Mid 20"' century
Dimensions: 2.93 x 1.28 mm wide
Gross weight: 1.9 grerrts $185.00
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Appraised by: ~ _ -
77 ~~" }
~-
Vincent Lash, ~ .G. (GIA)
Page 5 of 8 G.I.A. Graduate cemaogist
Senior MemberMat Assoc. of Jeweky Appraisers
.r ~,~
,,,~,»a~ , ., :sir;.. ~i
ThRS appraisal must 6e in ita entirety o be valid
Copyright ®2010 Vincent L~sh
a
~ . ra ~ s e rs. ~~~.
rndependent appraisers ~f~ewelry, s~iver, & %locks
!;rrduate Gerngloglst ~n ?982
i=amdy Busrness since I9R6
P.O. BOX 265 -- CHURCHVILLE ~ MARYLAND 21028 FAX 410.734.6246
v~~r:P 800.851.7888
VINCENT~f~$H.com
Estate of John Perloskt
January 12, 2010
6) ENGAGEMENT RING in Dimond, 14-Karat Yellow Gold, and 18-Karat White Gdd
Stamped: 14K-18K HM
Description: 1 old mine-cut diamond (0.25 carat - VS2 clarity - G cdor) and 2 single-cut diamonds
(total weight 0.06 carat - VS1 darity - G odor)
Date: Mid 20"' century
Dimensions: 5.25 x 0.87 mm wide
Gross weight: 2.2 grams $700.00
- t=
7) RING in Diamond and 14Karat Yellow and White Gold
Stamped: 14K
Description: 10 round brilliant-cut diamonds (total weight 2.0 carats - SI1 darity - G cplar)
Date: Contemporary
Dimensions: 7.66 x 1.24 mm wide
Gross weight: 3.8 grams $1,800 ~
Appraised by: ~ '
~~ t
vncent Lash, .G. (GIA)
Page 6 of 8 G.I.A. Graduate Gemdogist
Senior MemberMat. Assoc. of Jeweky Appraisers
~:~_,`~~
~~
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~~ w
`. it llih ,i va..;;(;il f!:\ ail
`, reel tti 1:'P1t,a~yt.{S j
This appraisal must be in ds entiiety ~o ba valid
Copyright ®2010 Vincent L.alsh
. ~a ~ S ~ I S, inc.
Indepeixient appraisers ~f jewelry, silver, ~ clocks
~;rnduatra t3i;mologrst n1 19H2
Family Business s+nce 19.86
Fay 410.734.6246
P.O. BOX 265 -- CHURCHVILLE -MARYLAND 21028 vole 800.851.7888
VINCENT~ASH.com
Estate of John Perioski January 12, 2010
8) CLASS RING in Synrthetic Blue Sapphire and 10-Karat Yellow Gdd
Stamped: 10 Karat
Description: 1 Duet cabochon-cut synthetic blue sapphire (10 x 8'/s mm)
Date: Circa 1940
Dimensions: 14.87 x 3.43 mm wide
Gross weight: 5.7 grams $100 ~
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~~.,,,
9) RING in Synthetic Ruby, Diamond, and 14-Karat Yellow Gdd
Stamped: K14
Description: 7 round brilliant-cut diamonds (total weight 0.10 carat - S11 clarity - Ct! color) and 26
graduated tapered baguette-cut synthetic rubies (total weigh 1.04 carat$ -transparent,
medium videtish/red color -minor inclusions -good quality)
Date: Late 20'" century - .
Dimensions: 16.76 x 1.92 mm wide
Gross weight: 3.6 grams $375.00
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Appraised by: ~ ~ L'
1 - t._
Vncent Lash, ~ .G. (GIA)
Page 7 of 8 G.I.A. Graduate Gemdogist
Senior MemberMat Assoc. of Jewelry Appraisers
,.... ..~
TMs appaisal must be in is entiely I~ito be valid
Copyright ®2010 Vincent L~sh
~ ~
~~yy ~ C r C
~t,,1 ~ S ~ t J, inc.
rrxlependent appraisers of jewelry, silver. ~ clocks
Graduate Gemoloyrst rn 1982
Farnrty Business since 1986
Fax 410.734.6246
P O BOX 265 ' CHURCHVILLE -MARYLAND 21028 _ voice 8100.851.7888
VINCENT~A$H•com
Estate of John Perioski
10) RING in Diamond and 14Karat Yellow Gold
January 12, 2010
Stamped: 14KP
Description: 3 round briNiaM-cut diamonds (total weight 0.50 carat - S11 darity - G i, color) and 38
round briNiant-cut diamonds (total weight 1.52 carats - SI1 darity - G cdc~r)
Date: Contemporary
Dimensions: 20.60 x 1.93 mm wide
Gross weight: 8.1 grams $1,700.00
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11) RING in Diamond and 14-Karat Yellow Goid
Stamped: 14K 1.98
Description: 27 round brilliant-exit diamonds (total weight 1.98 carats - SI1 darity - G dolor)
Date: Contemporary
Dimensions: 21.87 x 1.53 mm wide
Gross weight: 6.9 grams 51,600.00
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End of Appraise l
Appraised by: ._...~----.~ I ~ ~ s'
t
Vincent Lash, .G.(GIA)
Page 8 of 8 ~J.a Graduate Gemologist
Senior MemberMat Assac. of Jewelry Apprafsent
.... .~.
~~,<rr~ti ,E~;Yu~.r,l;<.~.
Thls appraisal must be in Ra en ' to be vapd
Copyright O 2010 Vincerdash
~ M&TB~ank
ACCOUNT N0. ACCOUNT TYPE STATEMENT PERIOD. PACE
9850810533 MiT CLASSIC CHECKING M/INTEREST JUN.OS-JUL.02,2010 1 OF 1
00 0 06121M NN 017
98483
ESTATE OF JOHN PERLOSKI .
JEFFREY J PERLOSKI, EXEC
21508 NORTH RUHL RD
FREELAND MD 21053
INTEREST EARNED FOR STATEMENT PERIOD 0.36 SUMMERDAIE PLAZA
INTEREST PAID YEAR TO DATE 5.85
ACC[IIINT CIIMMARY
0 C M T dALANC
N0. ANOINT N0. AMOUNT N0. AMOUNT
47,!94.55 0 0.0 0.0 0'37 47,953.39
ACC~l1NT ACT T V T TY
06-OS-1 BECIlNINC BALANCE
I (47,994.55
06-29-10 CHECK NUI~ER 0120 31.90 47,962.65
07-01-1 CHECK fKlIIEER 0121 9.63 I 47,953.02
07-02-10 INTEREST PAYMENT 0.37 47,953.39
ENDING BALANCE (47,953.39
CNECKS PAID SUINARY
120 06-29-10 31.90 121 07-01-10 9.63
ANNUAL PERCENTAGE YIELD EARNED = 0.00
~ooen Ie~071 ~ ;
s
wA
Addleaa 518 W Cumberland Rd
C' ErwN C Cumberland Sqq PA Coda 1702 257
C1enl Jell Perloski
Fonn TOCP -'NAnTOTAL• appraisal saRware by a q mode, inc. - t-80QALAMOOE
TABLE OF CONTENTS
_ _
;--~.
- - -
• ~ JH Trap, kre. Appraises (717-939.8310
Unibrm Residential Aboraisal Report ~..
The d mk lab ri lendr/dart wqh n as aro d dr nreket vales d ri s
AOdrNS 18 W Rd C' Stab PA Cade' 17025.2513
•arower owner d Pubic Record John P ~ T C cum
4t
Aaaeaa'a Para) # 001 Tax Yee 2009 R.E. Tara i 2 232
Name Rekeerra Ceroa Tract 1
Owner Teat Wart Aaseasrnats S N Known PUD HD- S 0 monm
Fee LeasdroN Ome desaiM
Rrdnte Traroeetlon Rslkanoe Tmsactlen Ome desalts Market Value
let Addreea
k ri otkeed hx sale a has R been Blared fa sale in tare twetre motto to the enectlve dale d mice sal? Yea
Bala s sand s .
No
t did did rat anYyn ri contract to sale to me wbject pechase ironsactlon. Fxpain the rosins d the analysis d ri cortroct to saM a why ri
. WA was na
Certtrad Ptlee S WA Dab d Catrad WA b the sale the owns d rocad7 Yes No Data WA
k mee ary tktancial assistance (bn Berge, sob artcessions, pR a dowrtpaymat assistance, etc.) b be paid by ary paAy an behaN d the boeowe4
N ri tabl doter ameet and dexdbe ri ibrn6 b be WA WA
Yes O No
NetKlleoeaadtMredal oftlle wool taalsa.
Tseda
locatlan Itrbet Subabn Pont Wkres StaDk PRICE AGE Dte-
Over 15% 25.75% Under 25% k 8aprtce Over S 2.4
X
82 %
2 %
6iosNt Stable Slow Tyne Under 3 mma 3.8 mria Over 8 mri
8otetAeiea The is keeled in East srvrboro T vrtrich b corridsrod Ute
.'OOrr under land uee indudss uses not lietsd: m etc. MHO Low
>500 >t
150 Prod.
C
Other 1 %
8 %
9 %
The ib k>cated in a rosdsntbl arse a oT similar and market
end AI aorwertsrass aro accessible to the a 'ed. Thew has access b of wore ' aro
s
ItaIMR CatdNan for ri above oardutlons P of this and area eel witFrout aster coneeesions. b
at Uts time vvlFt corrvertionel roles araxtd 5.0%. 3elsr ooraessiorr aro Nmited to costs andlor d aro rat
See Dsed Area 0.20 Acrea Recta View Sub
COnR-1 Residsntlel
L Grordlatlteed Uae ND deeaibe
k ri and best un d as a as and ri use? Yes No M No dnaibe
Ilse Pu1Ma Otbe Pablo OBre OIFsNe PrhsM
Water Street As
Bee Sewer Nor
iFIIA Reed Fkaard Mee Yes No R3r111 Rood Zero X FBiIA # 4204100118E ft:lAl1 Dab
18f2009
M ri utlNNa and aN-sNe br ri market ane7 Yes No N No aeaalbe
M tlrre adveae aib aeaNtlerra a exMmY faelsn enkorntatbl atrxlllona Ind etc. i Yes No N Ya
sits pond a aoderrrl faceors were observed ~ the tkeee of ' .The dose not to Ib in a FEMA
des' rvalsd
Irsard .The Irs site im eats kx Oas ne' hborhood.
IktMa Oro One vrNh IINt Conaete Skb CmM Faretdalbn Wala A Roan A
# d Sbrka , FW lasnrent Partial iluernR 6terior wale WeNe
Dot AY. S~DAJ6td Urtt Bilenert lea 1 39B Rod Stxha TMryFWaA W
Under Baaemet FkIb11 % Gtltlera b Y A Nam Rear Y
Raneh Oublde WYtdow DWA Sdh WaMrcd F' A
A
Yer Sri 1 Evidetce d ktesbtlon Scam
ETkcNee 25 Setlrnet Saaen YeslA # d
Nan RMA HYYBB MnatlNs W s # Surface i 1
Stab Stake Ome hnl OI a # Face # d 2
fba sortie Ceaal Air C Pack # d
Fktlahd Itawd trtdMdd omen Poe Outer AR
Dkhwashe Mlaowave Waahr a omr
fNiYed area strare eataie: 7 Raaro 3 ledrooes 1 s 1 ~8 feet d Gross
AdtAiorW htabrM eNkiert ikon etc.. b 2 car tandem wish dove
Daealbe ri andtlart d ri roedb reavauons etc. .
no evidence oT soonornk: obaolescena. Modem kitchen rider kurrca dated ttrrlt-in
Aboae Grade
M riro deucietdea a adtrese conditloro mat ailed the a atrrrckral d ri 2 Yes No N Y
Dan ri certorm to ri use etc. ? Yes No N deeaibe
Freddb Mac Form 70 March 2005 Page 1 of 6 FanNe Mae Form 1004 March 2005
farm 1004 -'WktTOTAL• apprabal sdtwee by a b mode, inc. -1-11O0•ALAMODE
llniferm ResltdwnHAl Annrsblsal pwtrulrt
TAMI an
T1wn an saiN N Br
FEATURE St18JE dNnd to aaN h dr
widiN tlw tweM monl
C SALE 11 N hom i _ to i
lw In sIN from f ro i
COMP E SALE +12 COMPARABLE
E N 3
Addnse 518 W Cumberland Rd
PA 17026-2513 101 Second SVSet
Sum PA 17093 860 VaINy RoW
EraN PA 17025 539 W CumbsAend
Ends PA 17025
N L 1. 0,
81N PdDI S w i 100000 14o i 148 500
Lp. Area i s IL 1 .14 ft. .ft. i 11 .11 .h.
DIN s ML 101111580 - S1 DOM MLSk 10179513.11 OOM MLSM 10184027 -
Ihdllcttlaa
VALUE AQJUSIMENTS
DESCRP110F1
DESORPTION + - S Ad
DESCRPTpN
+ - i AO ~
DESCRPIION + - i Ad
Sie a Fbwncbq
Cenaeeiar FHA
Cons
~ 780 Corwerkbnal
None DNdosed FHA
Cons 500
-5 500
DaN d 11 8/2 11 '
lsaBan S Suburban Suburban Suburban '
S F in F
SN O.ZO Acme 0.1 Aces +2 500 0.89 Acros -3 500 0.18 Acme '
Ranch Ce Cod Ranch
d Carrtrrrctlorr Briar Brick a
AeNN 52 sa 58 54
A A
Abbe Grade TaW Bdme. Bair Tdel Bdmr. Bah Taal B6nr. Barr TatY Bdime. Bah
Rope Coat 7 3 1 5 2 1 8 1 8 3 1.2 -2
Btaee L Area 1 3 .ft. 1 .R. 0 1448 .R. 0 1 2 .ft. +3 380
Bwrwl3 Firialld
Roams Blow Grads 1,398 Sq.Ft.
Rec Room Full Basement
Fam Rm Belh FuN Basement
Untfrdslrsd
+3 FuI Basement
Urdirrshsd
+3 500
Rnetlorrl A
OBBHW CA EBBlCA EB81None +2 000 EHPlCA
ElkNnt Hero im Simiar Similar
2 Car NorN +5000 None +5 1 C +3 500
hlone Nare 1 F' -1 1 F' -1 500
Net + 7 + 5 + - i
Ageebd SaN Prke
d
dk did not naerch the saN a tmeia Net AdJ. 0.5 %
Grote .10.2 %
d tlw sub
i 140 7
ant c Net Adj. 3.9 %
Groaa .11.1 %
salve. N
i 145 500 Net Adj. 2.5 %
Grose .18.8 % ~
i ~
142 880
rlllrclr did did not swell sale a trnehra d tlr 1a the three to the eftecOve diN d ids
DIN a MLS
reeelrcil did dk not iweN salve a tmslers d the salve fa dr ar to tlr daN d saN d the aaN.
DIN :
Br reerb d dr march ant d the aaN a trarohr d dr sal salve addlUoirl salve an
tTEM SUBJ~T COMPARABLE SAIE it COMPARABLE SALE #2 COMP
d Pda meter ro T 71 ~
Pda d Ftlor SaWfrarrNr WA WA WA 92
I3
OMa a P Record R P rde P s
OIN d DaN 1 10 1 10 1/201 3!1 10
d saN a Irrla d the sub and salsa
d salve
F was on fnd that aro simiNr in ems amertatlss and oorditbn. The MAarket Com krd a
1 -1
bdelNd Value Sant h i 142 500
btdlellld Ylbre . tTllea i 142 500 Cost i 145 831 brcoraa M i
to the s 'ed bscaas the is moro interested in the amsrwtlss ttrm tln moan ere would
ThN apprasal N made ®'aa a', ^ subject to canpMin per pNro and speciAatlaw n dM baaN d a hYDy rwrditlon tlrt dr Nnproeeneta
eompNNd. ^ subject m tlr lolowbq repabs a aAsaBorr an the bash d a hypolwlical cordgon in the repairs a alteltlorr have ben rwmpMed, a
based an th that the eaditlon a does not aMraBon a
en
subject 1o the
/reed an a oompNN ulltrY d t1tl bdrbe Ind ederlor erase d tits subfad properly, dlBrtsd scope d work NINrIpM d
aorrdltlorre; and appaNlrs ~ ntY (our- opbdan d 1M mlrM wdlre, a dlRned- ~d 9n Taal propeAy tlrt N the eubNet d 1hN npoR
142 500 IId 3!112010 whkh N tltI dIN d Ind plI IRlglea dMI d thM eM
rtsaok aaac wnn ~o anarcn 2005 Pape 2 d 8 Fannie Mae Form 1004 N~rch 2005
Fonr11004 - "WfnTOTAI' appraisal softwre by a b mode, ne. -1•t100•ALAMODE
_„ ,
IlnMnrm Rn~eidnfr>figl Aeefraisal Raeofrt n..
and Function of
of L Uq h to t' of Uth
of W of
of this form and DelNwtion of Market Value. No additlonsl Intended Ussro ere ider~liAsd UN a for
of
the from other' Urs
and and of oom asks within the 'ed msrket area. Ths o aowa of tt-a com k a
in
Data
in/ormatlon the source deemed most roNebk was used. Data deemed to be unroNebk wss not' in nor
Ikrr" rdhlons
TtM value eelhnMW k On llle eaewrl Uhf tfts knot effected the e706kn0e of hazardous tergss
In '
a cord' .The hero routine ' of and ' shout the 'sct d
a
in . It ' t t and m
~ of or reel cond'
would afNrx ib value. These corrdilWrr m inck~ds twt aro not lirrrited to bak' and fuel tanks bad bees irM mold
~
a besba
~Ir~cNYOrll~ue -aRltla
Piorfdt Ydenmtlon to u^ lendegdent p tlN tlebw coat and aku4tlone.
to the d sip wia d hrd salve a ether metlade to sNe vaYn
UN act na R to estlmab Uis site value Ure market edroGbrr and krd ual t
in
E5IMMTED REPROOIICTION OR RiT COST NEW OPNON OF SIZE VALUE-------._........--------...-....._.-.__.. =
Saga d cost dap Known corarae0or cosh a market s>eractlon DWELLNG 1398 R t 85.00 _-•------- =
118830
from coat seMa EIIeWas dap d cat dap 1 .R ----..... =
Cenarwb a Cat era aiapitloa etc. BuiN-ns (1M Etc _ =
k ' the beaemerrt R
Trial Estlmap dCat-flew - 27
8 015
152805
Lean Fiaetlond E)dalW
53 87 53 674
Cat d _-----------------_.....-------....------ ° 1 1
•AS-ia' Yalue d Sfp _...-------------------------------- = 8500
EsUmsYd Earornk LNe and VA 35 Yews MIDIGT®YALIE lY OOtiT IVMIOACN ------._.__.....-----_..._._ 145831
tornuK ihlstia
EslYtaaed Madaf Rant t X Oran Rent = S Indkapd VaAa h
d Income h br model rent aM
tallOd~T 8M0~811af IWl1lIQa
M tla in antal d dN Nomeorarra' Aasadatlon 7 Ye6 No INit DepdNd AOached
Roaide da Ydonnatlon fa PWa ONLY d dr IbaNder Is in anbol d tl>s H011 and the h an atpGad aril
Named
Tod nwrba d Tod nunber d wits Trial raan0a d wia sob
Tod nsri0er d wale ren0ed Trial rernba d urih fa soh Oap soa a
Was tfa asapd the arenrahn d s inb a PUD7 Yee No N dap d anvsafai.
Oae tlr certain able? Yee No Dap Sara
M tlN wily CenIItlOn alld mcreatlart pciWhs T Yes NO M No dearxihe the slaws d
M the Comrnll eiemenla leased to a the Nameowners' Association? Yes No M Y deatxibe the natal tams and
Describe canmon ehmeita and reoreeUanal taditlea.
Freddie Mac Fonn 70 March 2005 Pape 3 of B Farrde Mae Farm 1 t104 Mann 2005
Farm 1004 -'WhTOTAL' appraisal sdlwae by a p mode. inc. -1.800•ALAMOOE
Uniform Residential
This report form is designed to report an appraisal of a one-unfi property or a one-unit property wNh an accessory y~ntl;
fncludkrg a unit In a planned unit development (PUO). This report form Is not desgned to report an approlsal of a
manufactured home or a unN in a condomNNum or cooperative project.
Thbl appraisal report is subject to the following scope of work, Intended use, intended user, defintlbn of market v
statement of assumptions and Iimitkp conditlans, and certlncations. Madificationa, additions, or deletlons to the Ir- ed
use, kKended user, defkrplon of market value, or assumptions and Ilmitlnq conditions are not permitted. The appraiser may
expand the scope of work to include any addtlbnal research or analysla necessary based an the complexity of tbls
assignment. Mafificatlona or deletlons to the certifk:ations aro also not permitted. However, additlonal certificadona th do
not canstltute material alteratlons to this appraslal report, such as those. required by law or those related to the apps, 's
contlmdrq educatlon or membership in an appraisal organization, are pennftted.
SCOPE OFVYORK: The scope of work for this appraisal is defined by the complextiy of this appraisal assignment end the
reportlng requkements of this appraisal report form, including the fotlowirq defkritfon of market value, statenront of
assumptlons and Ikrritlrrg conditons, and certificatlons. The appraiser must, at a minimum: (1) perforrrr a complete v suet
inspection of tiro gdertor and exterior areas of the subject property, (2) Mspect the neighborhood, (3) Inspect each of the
comparable sales iron at least the street, (4) research, verily, and analyze data from reliabb publk; and/or private ,ounces,
and (5) report his or her analysts, opinions, and conclusions fn this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that Is thb
subject d this appraisal for a mortgage finance transaction.
INTENDED USER: The Intended user of this appraisal report is the lender/ciiern.
DERNITION OF MARKET VALUE: The most probabb price which a property should brkrg In a competltlve and pen
market under atl conditona requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and ssuminq
tiro price bl not affected by undue stlmulus. ImpNCfi In this deflnfibn is the consummation of a sob as of a specified date and
the passing of tide hom seller to buyer under conditions whereby: (t) buyer and salver aro typkaify motivated; (2)
partles aro weN kMorrrrod or well advised, and each acting in what he ar she considers his or her own beat krterost: (3) a
reasonable tlme is allowed far exposure M the open market; (4) payment is made in terms of cash fn U. S, ddlaro in terms
of flnarrcWl arrangenronts comparablb thereto; and (5) the price reproserds the rennet conskteratlon for the pr sdd
unaffected by special or creative financing or sales concessions' granted by arryone associated wtlh the sob.
•Adjustrnents to the comparobles must be made far special or creatlve financing a sales concessions. No adjust are
necessary for those costs wltlch aro nom>eMy paid by sellers as a rosutl of traditlon a law in a market area; these oats are
r~dty identlfiabb since the seller pays these costs in virtually ant saba transactlons. Special or creatlve financing
adjusbrronts can be made to the comparabb property by comparisons to flnancNq terms offered by a thkd party stitutional
tinder that is not already hrvolved In the property a transacton. Arty adjustment should not be calculated on a hanical
doper for tidier cost of the fkranckrg or concession but the tidier amount of arty adjustment should approxknate the, market's
reactlon to the fkrancirq or concesskats based on the appraiser's judgment.
STATEMENT OF ASSUMPTIONS AND LNIAITINO CONDITIONS: The appraiser's certtilcation in this report is
subject to the idlowirrq assumptions and Iimitlng conditons:
t. The appraiser will not be respons~le for matters of a legal nature that affect either the property betrrg a~ralsed f or tiro title
to fi, except for krformatfon that he or she became aware of during the research involved in peAormirrg this ap .The
appraiser assumes drat the Utle is good and marketabb and witl not render arty opinons about the title.
2. The appraiser has provided a sketch in this appraisal repot to show the apprexlmate dimensions of the 1
The sketch is included ony to assist the reader in visualizing the property and understanding the appraiser's date n
of its size.
3. The appraiser has examined the availabb flood maps that are Provided by the Federal Emergency Managem Agency
(or otlror data sources) and has noted M this appraisal report whether arty portion of the subject site is located an
klerrtlfied Special Flood Hazard Area Because the appraiser is not a surveyor, he or she makes no guarantees, ss or
imptled, regardfrq this determinatlon.
4. The appraiser will rat give testknorry ar 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 rogWrod by law.
5. The appraiser has rated in this appraisal report any adverse condftlons (such as rroeded repairs, deterbratbn, the
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report, the appraiser has no knowledge of arty hkfden or unapparent Physical deficbncbs or adverse conditona the
properly (such as, but not limited to, needed repairs, deterbrotlon, the presence d hazardous wastes, toxic su es,
adverse environmental conditions, etcJ that would make the property less vWuabb, and has assumed that !hero no such
conditons and makes no guarantees or warrantles, express or implied. The appraiser wNl nd be responsibb Tor y Such
conditens that do exist or far arty engineering or testkrg that might be regdrod to discover whether such c exktt
Because the appraiser Is not an expert in the fold of environmental hazaMs, thla appraisal report must not be c sidered as
~ envtrorxnental assessment of the property. j
6. The appraiser has based his or her appraisal report and valuatbn conclusion for an appraisal that is sub~ct to sf8ctory
compietlon, repairs, or atteratlons on the assumption that the completbn, repairs, or alterations of the subject wNl
be performed in a professbnal manner.
c.~ aa.r Fnen ~o aAsrch 2005 Pace 4 d 6 Fannie Mas form i I March 2005
Form 100-'WinTOTAI' appraisal software by a g mode, inc. - i-B04ALAMODE
Uniform Residentlal Apprdi~ai Report ~.~
APPRAISER'S CERTIFICATION: The Appraiser certttiea and agrees that:
1. I have, at a miMmum, devebped and reported this appraisal in accordance with the scope of work requkements Stated in
this appraisal report.
2. I peAomrad a complete visual inspection of the interbr and exterior arose of the subject property. I reported the'condttbn
of the improvertbrds b factual, specific terms. I kteMttied and reported the physbal deficiencies that could affeck the
IlvabNtty, soundness, or structural iMegrtty of the Property.
3. I pafortrled this appraisal In accordance with the requlremertts of the Unttorm Standards of Professbnal App~fsal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and th were In
place at the tlme Ihb appraisal report was Prepared.
4. I devebped my opinion of the market value of the real property that is the subject of this report based on the lee
comparison approach to value. 1 have adequate comparabe market data to develop a reliable sales comparison pproach
far this appraisal assignment. I further certify that I consktered the cost and income approaches to value but did n~t develop
them, unless otherwise indk:ated in this report.
5. I researched, verttbd, anayzed, and reported on arty current agreement for sob for the subject property, any off ng for
sale of the subject property in the twelve months prior to the eBectlve date of this appraisal, and the prbr sobs of subject
property for a minimum of three years prbr to the effective data d this appraisal, unbss otherwise indicated in th report.
6. I researofrad, verHlad, analyzed, and reported on the prior sobs of the comparable sales for a minimum of ono year prbr
to the date of sob of the comparabb sale, unbss otherwise indbated in this report.
7. 1 sebcted and used comparable sales that are bcatbnally, physically, and functlonalty the most sknNar to the subject (property.
8. I have not used comparabb sales that were the result of combk-Inq a land sale with the contract purchase price of a home that
has bean bunk or will be built on the land.
9. I have reported adjustments to the comparabb sales that reflect the market's roactbn to the differences between tlhe subject
property and the comparable sales. ',
10. I verified, from a diskderested source, all iMonnatbn M this report that was provided by parties who have a flnancb~ interest in
the sob or fkrancMg of the subject property.
11. I have krawbdge and experience in appraising this type of property in this market area.
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as mu Il4tkrg
services, tax assessment records, public land records and other such data sources for the area In which the property located.
13. I obtained the inMrmation, estimates, and opinions famished by other parties and expressed In this appraisal ort from
reliable sources that 1 belbve to be tnre and correct
14. 1 have taken into consideration the factors that have _an knpact on value with respect to the subject neig I ,subject
property, and the prordmily of the subject Property to adverse IrMuences in the development of my opirdon of value. I
have rated in this apprabal report any adverse condklona (such as, but not Ikntted to, needed repaks, deterlarodan, the
presence of hazaMous wastes, toxic substances, adverse environmental conditlorra, etc.) observed during the inspec of the
subject property or that I became aware of during the research involved in performktq this appraisal. I have cons these
adverse candttbna in my analysis of the property value, and have reported on the effect of the conditlons on the value d
nuuketabiltty of the subject property.
15. I have not kravdngty wtthhald any sgniflcant fMomtatlon from this appraisal report and, to the best of my knowlddge, all
staterrreMS and IMonnatlon In this appraisal report are true and correct
16. 1 stated in this appraisal report my own personal, unbiased, and professbnal analysis, opiMons, and conclusbnsj, which
are sut~ect only to the assumptions and Bmttirrg condi8ons in this appraisal report.
i
17. 1 have no present or prospective interest in the properly that b the subject of this report, and 1 have no presets or
prospective personal Nrbrost ar bias with respect to the participants In the tronsactian. 1 did not base, eftlter partially
completely, my analysis and/or opinion of market value In this appraisal report on the race, color, rolglon, sex, age.
status, handicap, famtflal status, or natlonal origin of etther the prospective owners or occupants of the subject or of the
present owners or occupants of the propertles in the vlcMtty of the subject property or on any otirer basis prohibited b law.
18. hly employment and/or campensatbn for performing this appraisal or any future or antlcipated appraisals was
condltloned an arty agreement or understandktq, written or olherwlse, that I would report (ar present analysis su ) a
prodetennined specNlc value, a predetermined minimum value, a range or direction in value, a value that favors the cause of
arty party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of pending
mortgage loan application).
19. I personaly prepared all conclusbns and opinions about the real estate drat were sat forth in this appraisal re tt I
relied on signttlcaM real property apprabal assistance from arty individual ar individuals in the performance d fhb
or the proparatlon of this appraisal report, I have named such individual(s) and disclosed the specMc tasks in tills
appraisal report. I certiHy that arty individual so named is qualttled to perform the tasks. I have not auUrorized arryo to make
a change to arty item in this appraisal ropor~ lherotoro, arty change made to this appraisal is unauthorized and I wit take no
rosponsibiltty for tt. it
20. 1 klentifled the IerWer/cibrtt in this appraisal report who is the IndNidual, organization, or agent for the organtzatl¢n tfrat
ordered and will recelve lids appraisal report.
Freddie Mac Form 70 March 2005 Pape 5 of 6 Famb Mae Faun 1 March 2005
Form 1004 -'WMrTOTAL• appraisal soMnre by a b mode, Inc. -1-80QALAMOOE
Uniform
21. Ths lender/dent may daclose or distribute this apprelsal report to: tlro borrower; anoU~er lender at tiro request d the
borrower: the mortgagee or tts successors and assgns; mortgage insurore; governrrrent sponsored enbrprisea: oUrer,
secondary market partlclparrb: data colbctbn or reportirp services: Professional apprelsal organizations; any d
agency, a kratrumerMsMly d the United Staten: and any state, the Obtrict d Columbb, or otirer jurbdictloru; vrgfrout avirrg to
report r ~y bsk~sed od tofh~ pal( n~c utlingns~~~knfted to~the pubN~c th ~ sal
relatlorrs, news, sobs, or other media).
22. I am aware that arty dlaciosure or disMbutlOn d fhb appraisal report by me or the lender/client may be subject b_Icertain
laws and regutattona. Fuller, I am also subject to the provisiars d the UnMonn Standards d Professional Apprelsal P,roctice
that pertain to disclosure or disMbutlon by me.
23. Ths borrower, another lender at the request of the borrower, the mortgagee or its successors and assgrrs, matgage~ p~
insurers, OoverrNrrent sponsored enterprises, and otiMr secondary market participarrla may rely on this appraisal roroppoorRt
d any mort0a0a finance transaction that involves arty one ar more d these partbs.
24. tt this appraisal report was transmitted as an "electronic record" contafnirrg my "electronic sipnduro " as those to are
defined b appNcabb federal and/or stab laws (excludkrg audb and video recordkrgs), or a facsimile transmission d UNs
v~~a~y ifr a~paper~ver~s plan ~ mis appraisal re entp rt wer del~Meredco~iriaini~n0~rtrsy~orgin~ and written sreM~babb and
25. Any intenlbnal or negNgerrt misrepresentatlon(s) corKakred in this appraisal report may result In civil IlabiNly arr~lor
crirrAnal penattbs Including, but not limited to, fine or imprisonrtrent ar both under the provisions d Title 18, U Stabs
Code, Section 1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFlCATION: The Supervisory Approlser certifies and agrees that
1. I dkectly supervised the appraiser for tlNs apprelaal assgnrrrent, have read the apprasal report, and agree with the ap{~reber's
analysis, opMlons, statemerrb, conclusions, and the apprelser's certiflcatlon. ',
2. I accept full responsibNtty far the corrterrb d this appraisal report includkq, but not Ilmibd to, the appraiser's analysb` opMiars,
statements. conclusions, and the appraiser's certlflcation.
appraisal flrm~j s ql ualNied to perform this appraisal, and si accbeptab~~perfortn appreisal under tl~ie appNCabb sta~pe aw.
4, Thls appraisal report complbs with the Uniform Standards d Professional Apprebal Practice that were adopted and
promrrgated by the Appaisal Standards Board d The Approlsal Foundatlon and that were In Glace at the time this appraisal
report was prepared.
5. n this appraisal report was trarrsmNted as an "ebctrorric record' corrbinkrg my "electrontc sgnature," as those are
defined fn appNcabb federal and/or stab laws (exckrdMlg audb and video recordkrOs), or a facsNlrHe trarrsrrriasion dthis
appraisal report contahrNq a copy or reprosentatlon d my signature, the approbal report shall be as effective, entoro and
valid as H a paper version d tins approlaal report were delivered conbinMlg my original hand wrttbn signature.
ApppA~R ~ / SUPERV180RY APPRAISER (ONLY ~ REGURED)
Signature
Name Jc
Telephone Number n~ ~i aao.aaag
EmaN Address itMraa~IhUOw com
Dab d Sgnaturo and Report March to 20to
Effective Dab d Appreiaal '+r1n010
State CertiflCaUOn #r RL-000001-L
Or Stab Lbense 4-
or Other (describe) State 4-
Sbb PA
Expiratlon Dab d Certgicatlon or Ucense 8l30V2011
ADDRESS OF PROPERTY APPRAISED
e~awr...: •od
F_nola PA 17025.2513
APPRAISED VALUE OF SUBJECT PROPERTY S 142.500
LENDER/CUENT
Name
Company Name Ja1f Pertpaki
Company Address
Email Address
Sgnaturo
Name
Comparry Name .
Company Address
Telephone Number
Email Address
Dab d Sgnature
Stab Certiflcatlon #-
or Stab L~errse #~ i
Stab
Expiration Dab d Cerdflcatlon Or License
SUBJECT PROPERTY
^ Did nd Inspect subject properly
^ Dkl inspect exbrlar d subject property from street',
Dab d Inspection
^ DW Inspect interior and exterior d subject property)
Date d Inspection
COMPARABLE SALES
^ Did nd inspect exterior d comparable sobs f et
^ Did inspect exterior d comparable sobs from
Date d Inspection ~-
Freddie Mac Form 70 March 2005 Pape 8 d 8
Farrnb Mae Forth 1004 March 2005
Fam tea - ~wletora• aDpoiarrl saitware bf a r mode, rc. - t •ilolFAlAfA00E
REV-485 EX SAFE DEPOSIT BOAC INVENTORY Page --of
...v ..wv ~ rvrw
(1) Cash: Report total only.
(2) Stocks: list In detail every common or preferred certificate, warrant or other rights found in box. Stocks are to bei desgnated by
name of company, certificate number
date ofcertificate
na
i
hi
h
,
,
me
n w
c
stock is registered, and number of shares arjd class of stock
(3) .
Obligations of U.S. Government: Number of items, date of issue, face value, names in which registered and type of ownership,
i.e., jointly held, payable on death, etc:
(4) Bonds: Designate by name, amount, serial number, or other designation. (Bearer Bonds)
(5) Bank and Savings and Loan Passbooks: Slate name of depositor, number of tx~ok, last date appearing in boolk
name of bank
,
and branch, and balance.
(6) Jewelry, Coins, Stamps, Manuscripts, etc: List and describe as fully as possible.
(7) Deeds, Mortgages, Current Insurance Policies or other evidences of Indebtedness: List and describe as fulljr as possible.
(8) All other contents.
(9) Return completed form to: DEPARTMENT OF REVENUE
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
ITEM
NO. ITEM DESCRIPTION
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1 CERTIFY UNDER PENALTY OF P RJURY THAT THE ABOVE REC D IS
CORRECT AND COMPLETE TO THE BEST OF MY KNOWLEDGE AND BELIEF. PERSON RECEIVING COPY OF
SAFE DEPOSIT BO NVENTORY:
SIGNATURE SIGNA
PRINT NAME PRINT NA ND APPROPRIATE BOX BELOW:
PRINT TITLE DATE CHECK APPROPRIATE BOX:
~Exetula(Mx
~ Ad
)
ministrator(lrix)
Estate Representative ~ Joint owner of sate deposit box I,
NOTE: Attach additional 8'/:" x 11" sheet(s) if necessary or use duplicates of this page of form.
The Department b authorized by law, 4z U.S.C. §405 (c)(2gCpi), to require disdosure of Social Security rxmtbers in connection witir admirristlxing state tax I I
Sotal Setxxity number to identify the decedent and personal representatives of the estate
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so use the information in exd>ange of
with Federal and bcal taxis authorities. The state law ohl'blts tfre Cornrranweallh's from discbsi contidentiai tax infomtatilxt exce for oficial infonrlation agreements
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CERTIFICATE OF TRUST
THE
JOHN J. PERLOSKI
REVOCABLE LMNG TRUST AGREEMENT
DATED / E l3 , ! ~ , 20 0 3
The undersigned hereby certifies that I created a Revocable Living Trust. This Tr~st is known as
THE JOHN J. PERLOSKI REVOCABLE LIVING TRUST AGREEMENT, dated the a /2~C day of
/~ E O , tie JOHN J. PERLOSKI, Grantor, Settlor and Trustee,) resides at 516
W. Cumberland Road, Enola, County of Cumberland, and Commonwealth of Pennsylvania.
IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:
Description of Trust
The party hereto desires to confirm the establishment of a Revocable Trust on this date forlthe benefit of
the Settlor and containing herein the following provisions: '
TERMS OF THE TRUST
1. The Settlor is designated as the Trustee to serve until his death, resignation, or incompetence.
® 2. U n the end of th
po a terms of the ongmal Trustee, JeJ,)'rry J. Perloskl is designated as First
Successor Trustee. JacquelineTaylor is designated as Second Successor Trustee. '
TRUSTEE POWERS
3. Any Trustee/Settlor has the power and authority to manage and control, buy, sell, ajnd transfer the
Trust property in such manner as the Trustee may deem advisable, and shall ve, enjoy and
exercise all powers and rights over the concerning said property and the proceeds hereof as fully
and amply as though said Trustee were the absolute and qualified owner of same including the
power to grant, bargain, sell and convey, encumber and hypothecate, real and per~'onal property,
and the power to invest in corporate obligations of every kind, stocks, preferred orb common, and
to buy stocks, bonds and similar investments on margin or other leveraged account, except to the
extent that such management would cause includability of an irrevocable trust in ~he Estate of a
Trustee.
TRUST ADMINISTRATION
4. Following the death of Trustee, the Trust will continue or be distributed in whole or~, in part for the
benefit of other named Beneficiaries according to the terms of the Trust. '
CERTIFICATE OF TRUST
Page 1
_.
__
5. While Settlor is living and competent, except when there shall be a Corporate Trustee, Trustee
may add money to or withdraw money from any bank or savings and loan or checking account
owned by the Trust.
6. Unless otherwise indicated to a prospective transferee, the Trustee has full power to transfer
assets held in the name of the Trust. Subsequent transferees are entitled to ri~ly upon such
transfers provided that the chain of title is not otherwise deficient.
7. The Trust Agreement also states that any bank, corporation, brokerage firm, or other entity or
individual, may conclusively presume that the Trustee has full power and authori over the Trust
Assets and such person or institution shall be held harmless and shall incur no limb ility by reason
of so presuming.
8. The situs of the Trust is the COMMONWEALTH OF PENNSYLVANIA.
9. Any conflict between this abstract and the Trust shall be decided in Favor of the T~ust.
IN WITNESS WHEREOF, the party has hereto executed this Summary of Trust his date.
SETTLOR/TRUSTEE
HN J. RLOSKI
• COMMONWEALTH OF PENNSYLVANIA}
COUNTY OF CUMBERLAND} ss.
On this, the /2 ~ day of ~E ~ , zoo3, before me, a Notary Pul#lic, personally
appeared JOHN J. PERLOSKI, personally known to me to be the person whose name isl subscribed on
this instrument, and acknowledged that he/she executed it for the purposes herein expressed.
Publi ,Common ealth of Pennsylvania
NOTARIAL SEAL
JOSEPH G MARCOLY, NOTARY PUBLIC
INDIANA BORO. INDIANA COUNTY
MY COMMISSION EXPIRES SEPT. 15, 2003
CERTIFICATE OF TRUST
Page 2
CERTIFICATE OF TRUST
THE
JOHN J. PERLOSKI
REVOCABLE LIVING TRUST AGREEMENT
DATED ~F.~ . / ~ . 20 a ~
The undersigned hereby certifies that I created a Revocable Living Trust. This T st is known as
THE JOHN J. PERLOSKI REVOCABLE LIVING TRUST AGREEMENT, dated the 21r,(. day of
~EQ . ,Ze!~. JOHN J. PERLOSI{I, Grantor, Settlor and Trustee, resides at 516
W. Cumberland Road, Enola, County of Cumberland, and Commonwealth of Pennsylvaniai.
IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:
Description of Trust
The party hereto desires to confirm the establishment of a Revocable Trust on this date for Ithe benefit of
the Settlor and containing herein the following provisions:
TERMS OF THE TRUST
1. The Settlor is designated as the Trustee to serve until his death, resignation, or incompetence.
2. Upon the end of the terms of the original Trustee, Jefj'rry J. Perlosld is desi~ctated as First
Successor Trustee. JacquellneTaylor is designated as Second Successor Trustee.
TRUSTEE POWERS
3. Any Trustee/Settlor has the power and authority to manage and control, buy, sell, ' d transfer the
Trust property in such manner as the Trustee may deem advisable, and shall ve, enjoy and
exercise all powers and rights over the concerning said property and the proceeds ereof as fully
and amply as though said Trustee were the absolute and qualified owner of same including the
power to grant, bargain, sell and convey, encumber and hypothecate, real and nal property,
and the power to invest in corporate obligations of every kind, stocks, preferred o common, and
to buy stocks, bonds and similar investments on margin or other leveraged account, except to the
extent that such management would cause includability of an irrevocable trust in a Estate of a
Trustee.
TRUST ADMIlVISTRATION
4. Following the death of Trustee, the Trust will continue or be distributed in whole oit in part for the
benefit of other named Beneficiaries according to the tenors of the Trust. ',
5. While Settlor is living and competent, except when there shall be a Corporate T ~ tee, Trustee
may add money to or withdraw money from any bank or savings and loan or ch~cking account
owned by the Trust.
CERTIFICATE OF TRUST
Page 1
6. Unless otherwise indicated to a prospective transferee, the Trustee has full power to transfer
assets held in the name of the Trust. Subsequent transferees are entitled to tely upon such
transfers provided that the chain of title is not otherwise deficient.
7. The Trust Agreement also states that any bank, corporation, brokerage firm, or, other entity or
individual, may conclusively presume that the Trustee has full power and authorit~r over the Trust
Assets and such person or institution shall be held harmless and shall incur no lia~ility by reason
of so presuming.
8. The sites of the Trust is the COMMONWEALTH OF PENNSYLVANIA.
9. Any conflict between this abstract and the Trust shall be decided in Favor of the T~ust.
IN WITNESS WHEREOF, the party has hereto executed this Summary of Trust I~this date.
SETTLOR/'T'RUSTEE
r
OHN J OSKI
COMMONWEALTH OF PENNSYLVANIA}
COUNTY OF CUMBERLAND} ss.
On this, the ~ day of f E ~3 , ; X03 ,before me, a Notary Pu lic, personally
appeared JOHN J. PERLOSKI, personally known to me to be the person whose name i subscribed on
this instrument, and acknowledged that he/she executed it for the purposes herein express
No bliq Commonwealth of Pennsy is
NOTARIAL SEAL
JOSEPH G MARCOLY, NOTARY PUBLIC
INDIANA BORO. INDIANA COUNTY
MY COMMISSION EXPIRES SEPT. 15, 2003
CERTIFICATE OF TRUST
Page 2
~_T
REVOCABLE LIVIl~iG TRUST AGREEMENT
THIS AGREEMENT AND DECLARATION OF TRUST, made effective the ~z~ day of
F~ b . , 20 s 3 , by JOHN J. PERLOSKI, Grantor, Settlor and Trustee, wh resides at 516
W. Cumberland Road, Enola, County of Cumberland, Commonwealth of Pennsylvania, does hereby
establish a Trust upon the conditions and for the purposes hereafter set forth.
WITNESSETH:
WHEREAS, in order to provide the future comfort and security to himself'i and the other
beneficiaries hereafter mentioned, Grantor desires to create a revocable trust for the purposes hereinafter
set forth;
ARTICLE ONE
Terms of the Trust
Section 1.01- Trnst Estate Defined
NOW, THEREFORE, in consideration of the premises and of the Covenants herein I contained this
Revocable Trust is formed to hold title to real and personal property for the benefit of th Settlor of this
Trust and to provide for the orderly use and transfer of these assets upon the death of a Settlor. The
`"Trust Estate" is defined as all property transferred or conveyed to and received by a Trustee held
® pursuant to the terms of this instrument. The Trustee is required to hold, administer, an~ distribute this
property as provided in this Trust Agreement.
The name of this Trust Agreement shall be:
THE JOHN J. PERLOSKI REVOCABLE LIVING TRUST AGREEMENT
DATED ~ f,/3 1 L , 20 03
Section 1.02 -Definitions of Terms
As used in this Trust Agreement:
1. The tenor "Settlor" shall mean JOHN J. PERLOSKI.
2. The term "Descendant" shall mean the lawful issue of a deceased parer in the line of
descent, but does not include the issue of any parent who is a descendant ~f the deceased
person in question and who is living at the time in question.
3. The terms "Child" and "Descendant" include any issue born to decedent,l~a child legally
adopted by the decedent, and a posthumous child of a decedent. A posthumous child is to
be considered as living at the time of his or her parent's death. ',
4. The term "Survives" or "Surviving", unless otherwise indicated herein, sh~ll be construed
to mean surviving the decedent for at least sixty (60) days. If the person efeaed to dies
REVOCABLE LIVIl~TG TRUST AGREEMENT
Page 1
_ _. _ _ _ r i
within sixty (60) days of the death of the decedent, the reference to him or her will be
construed as if he or she had failed to survive the decedent; provided, howvever, that any
i such person will have, during such period, the right to the use and enjoyment as a life
tenant of all property in which his or her interest will fail by reason of death during such
period.
5. The tenon "Issue" will include all natural and adopted children, if applicable, and
descendants and those legally adopted into the line of descent.
6. The term "Per Stirpes" means strict per stirpes and does not mean prrr capita with
representation. Beneficiaries entitled to take under a "per stirpes" clause will include
both natural and adopted children and their descendants.
7. The terms "Trust Assets" and "Trust Estate" include all assets of an}t trust created
hereunder and income derived from such assets and all proceeds of airy description
derived from the sale, exchange, or other disposition of such assets.
8. When required to give reasonable effect to the context in which used, pronouns in the
masculine, feminine, or neuter gender include each other, and nouns and pronouns in the
plural or singulaz number include each other.
Section 1.03 -Trustee Designation
Settlor is hereby designated as Trustee. The term "Trustee" as used in this Trust Agreement shall refer to
Settlor so long as he or she serves as Trustee, and/or to any successor Trustee who assumes the role of
Trustee. These Trustees shall serve in the order as provided in Section 8.01 of this Trust Agreement.
® Section 1.04 -Additions to Trost Properties
1. The Trustee, at any time during the continuance of this Trust in his or her sole discretion after
consideration of the possible tax consequences to all concerned, is authorized to receive into the
Trust additions of cash and other properties from any source whatsoever, whether bly gift, will, or
otherwise. However, the Trustee shall accept all assets which any person or pers~r-s may give,
devise, or bequeath by Last Will and Testament to this Trust, and shall accept all assets
transferred to this Trust pursuant to the provisions of any other Trust document or documents.
2. In addition, any person or persons may designate this Trust as the Beneficiary, Primary or
Contingent, of any death benefits to include insurance benefits, pension benefits, or other
benefits. Until~such benefits mature, the Trustee shall have no responsibility with respect to those
benefits.
Section 1.05 -Apportionment
The Trustee of the Trust is directed to apportion receipts and expenditures of the types described below
between principal and income as follows:
1. Whenever the principal, or any part thereof, of the Trust property is invested', in securities
purchased at a premium or at a discount, any premium will be charged against prin~ip~l and any
discount will be credited to principal;
REVOCABLE LIVING TRUST AGREEMENT
Page 2
_ _ r
2. Any stock dividends and rights to purchase additional stock issued on securities held in trust will
be treated as principal. All other dividends, except liquidating distributions, wilt be treated as
• income; and
3. The amount of any applicable depletion allowance for federal income tax purposes will be treated
as income.
Section 1.06 -Discretionary Termination
T'he Trustee may terminate any Trust when, in the opinion of the Trustee, the principal is reduced to such
an extent that it is not in the best interest of the Beneficiary or Beneficiaries to continue the Trust. The
judgment of the Trustee with respect to this decision to terminate will be final and not sub~ect to judicial
review. If the Trustee terminates a Trust according to this Section, the date the Trust terminates will be
deemed the date fixed for termination of the Trust, and the Trustee will distribute the assets of the
terminating Trust to the Beneficiary or Beneficiaries pursuant to this Agreement.
Section 1.07 -Amendment and Revocation
At any time during the life of the Settlor, the Settlor may, by a duly executed instrument filed with the
Trustee:
1. Amend this Trust Agreement in any manner; and/or
2. Revoke this Trust Agreement in part or in whole. If the Trust Agreement is revoked in whole, the
Trustee shall transfer title to all Trust property of every kind and description ',back into the
individual name of the Settlor. The instrument of amendment or revocation shad be effective
• immediately upon its proper execution by the Settlor, but until a copy has been,reaeived by a
Trustee, that Trustee shall not incur any liability or responsibility either (i) for filing to act in
accordance with such instrument or (ii) for acting in accordance with the provisions of this Trust
Agreement without regard to such instrument.
3. Withdraw from the Trust Estate all or any part of the principal and accumulated income of the
Trust to satisfy liabilities lawfully incurred in the administration of this Trust.
Section 1.08 -Revocation or Alteration by Settlor Alone
The rights of revocation, withdrawal, alteration, and amendment reserved in this Article may only be
exercised by the Settlor and may not be exercised by any other person, including an agent,'a guardian, or
a conservator.
Section 1.09 -Irrevocability
Except as otherwise provided, on the death of Settlor, the designation of Beneficiaries of specific gifts in
this Trust shall become irrevocable and not subject to amendment or modification.
Section 1.10 -Settlor Powers
The Settlor shall be the Trustee unless and until he or she resigns in writing or is determined incompetent
under the terns provided herein. The Settlor shall retain all absolute rights to discharge br replace any
Successor Trustee so long as the Settlor is competent.
REVOCABLE LIVING TRUST AGREEMENT
Page 3
ARTICLE TWO
Trust Administration
• Section 2.01-Trost Income
During the life of the Settlor, the Trustee shall at least annually, unless otherwise directed by Settlor in
writing, pay to or apply for the benefit of Settlor, all of the net income from the Trust Estate.
Section 2.02 -Protection of Settlor in Event of Incapacity
During the life of the Settlor, should Settlor become incapacitated as defined in Section 2;03 below, the
Trustee may, in the Trustee's absolute discretion, pay income and principal for the benefit of the
incapacitated Settlor, and may pay to or apply for the benefit of that Settlor such sump from the net
income and from the principal of the Estate of the Trustee, in the Trustee's absolute discretion, believes is
necessary or advisable for the medical Gaze, comfortable maintenance, and welfaze of the S$ttlor.
Section 2.03 -Incapacity
In the event that any Trustee or any Beneficiary hereunder comes into possession of any of the following:
1. A jurisdictionally applicable court order holding the party to be legally incapacitateid to act on his
or her behalf and appointing a guazdian or conservator to act for him or her; or
2. Written certificates which are duly executed, witnessed, and acknowledged of? two licensed
physicians, each certifying that the physician has examined the person and has concluded that, by
reason of accident, mental deterioration, or other cause, such person has becomd incapacitated
and can no longer act rationally and prudently in his or her own financial best interest; or
3. Evidence which such Trustee or Beneficiary deems to be credible and currently applicable that a
person has disappeazed, is unaccountably absent, or is being detained under duress, and that he or
she is unable to effectively and prudently look afrer his or her own best interest's, then in that
event and under those circumstances:
a. Such person is deemed to have become incapacitated, as that term is used in this Trust
agreement; and
b. Such incapacity is deemed to continue until such court order, certificates, and / or
circumstances are inapplicable or have been revoked.
A physician's certificate to the effect that the person is no longer incapacitated shall revolve a certificate
declaring the person incapacitated. The certificate which revokes the eazlier certificate may be executed
by either the original certifying physician or by two other licensed, board certified physicians. No Trustee
shall be under any duty to institute any inquiry into a person's possible incapacity. '11he reasonable
expense of any such inquiry shall be paid from the Trust Assets.
Section 2.04 -Principal Invasion
During the life of the Settlor, should the net income of assets contained in this Trust at ~e dime of the
Settlor's death be insufficient to provide for the Gaze, maintenance, or support of the Selttlojr as herein
defined, the Trustee may, in the Trustee's sole and absolute discretion, pay to or apply foie thi; benefit of
the Settlor or any of their dependents, such amounts from the principal of the Trust Estate',as the Trustee
deems necessary or advisable for the care, maintenance, or support of the Settlor.
REVOCABLE LIVl1~1G TRUST AGREEMENT
Page 4
Section 2.05 -Residence
• If the Settlor's residence property is a part of the Trust, ~ the Settlor shall have ssession of and full
Po
management of the residence and shall have the right to occupy it free of rent. Any expenses arising from
the maintenance of the property and from all taxes, liens, assessments, and insurance premaums, are to be
paid from the Trust to the extent that assets are available for payment. It is the intent of~the Grantor to
retain all homestead rights available to him or her under the applicable state law.
ARTICLE THREE
AdministrationlDistribution of Trust
Section 3.01-Death
On the death of the Settlor, the Trustee shall distribute the principal of the Trust and i~ny accrued or
undistributed income from the principal of the Trust in such a manner and to such persons, including the
Estate of the Creditors, as directed in this Trust Agreement.
Section 3.02 -Payment of Death Ezpenses
On the death of the Settlor, the Trustee shall pay from the Trust Estate constituting th~ Settlor's last
illness, funeral, burial and any inheritance, estate, or death taxes that may be due by reason ~f the Settlor's
death, unless the Trustee in his or her absolute discretion determines that other adequate provisions have
been made for the payment of such expenses and taxes.
® Section 3.03 -Trust Income and Principal Distribntlon
The Trustee shall apply and distribute the net income and principal of each of th~ shares of the
resulting Trust Estate, after giving effect to the section of this Trust Agreement ec~titltd "Special
Directives" to the following Beneficiaries in the indicated fractional shares:
Je,~frey J. Perloski 1/4
JacquelineTaylor 1/4
JoAnn Perloski 1/4
Jeanne McBride 1/4
2. If any of the above Beneficiaries, or any other Beneficiary, is under the age of 21 }ears when the
distribution is to be made, the Trustee shall have authority to distribute the same, pn whole or in
part, to a custodian for the minor appointed under a Uniform Gif3s or Transfers to llviinors Act, or
the Trustee may retain any such property and administer and distribute the same fot tht benefit of
the minor, paying to or for the benefit of such minor so much of the income and p~in~ipal of the
retained property from time to time as the Trustee deems advisable for the heath, education,
support, and maintenance of the minor. When the person for whom the property as held attains
the age of 21 years, the property shall thereupon be distributed to him or her free pf trust unless
otherwise stated in this Agreement. If the minor should die before attaining the a~e df majority,
the property shall then be paid and distributed to the estate of the minor.
3. If all of the Settlor's Beneficiaries and their children should fail to survive the final ~iisiribution of
the Trust Estate, all of the Trust Estate not disposed of as hereinabove prov~deid shall be
distributed as provided for in this Trust Agreement.
REVOCABLE LIVIl~IG TRUST AGREEMENT
Page 5
• Section 3.04 - Principle of Representation
If a Beneficiary of the Settlor should fail to surnve to collect his or her share, that share shall pass to the
surviving issue of that deceased Beneficiary per stirpes and with right of representation.
ARTICLE FOUR
Trustee Powers & Provisions
Section 4.01- Non-Income Producing Property
During the life of the Settlor, the Trustee is authorized to retain in the Trust, for so long as the Trustee
may deem advisable, any property received by the Trustee from the Settlor, whether or not such property
is of the character permitted by law for the investment of Trust funds.
Section 4.02 - Trnstee Powers
The Trustee shall have all powers conferred upon a Trustee by law for the orderly administration of the
Trust Estate. If any property is distributed outright under the provision of this Trust agreement to a
person who is a minor, distribution may be made under the Pennsylvania Uniform Transfer! to Minors Act
("PALTfMA"). The Trustee is further authorized to sign, deliver, and/or receive any documjentis necessary
to carry out the powers contained within this Section.
The Trustee of any trust created under this Trust Agreement (including any substitute or successor
Trustee) will have and be subject to all of the powers, duties, and responsibilities granted pr imposed by
® the Pennsylvania Consolidated Statutes (20 Pa. C.S. Section 101 et seq.) as such Statute y provide at
the time of administration of the Trust, except to the extent that the same are inconsi te~ht with the
provisions of this Agreement.
Section 4.03 - SpecitIc Powers of Trustee
In addition, the Trustee will have the following specific powers:
1. Trust Estate: The Trustee may leave invested any property coming into its handy hdreunder in
any form of investment even though the investment may not be of the character ~f itvestments
permitted by law to trustees, without liability for loss or depreciation in value. Th{~ Trustee may
sell, exchange, or otherwise dispose of and reinvest property which may at any tirt~e be a part of
the Trust Estate upon such terms and conditions as the Trustee may deem advisabld. The Trustee
may invest and reinvest the Trust Assets from time to time in any property, read, personal, or
mixed, including without limitation, securities of domestic and foreign co tions and
investment trusts or companies, bonds, debentures, preferred stocks, common stoc~CS,mmortgages,
mortgage participation, and interests in common trust funds, all with complete) discretion to
convert realty into personalty or personalty into realty or otherwise change the cl~araicter of the
Trust Estate, even though such investment (by reason of its character, amount, proportion to the
total Trust Estate, or otherwise) would not be considered appropriate for a fiduciary apart from
this provision and even though such investment caused part or all of the total Tru~t Estate to be
invested in investments of one type or of one business or company.
2. Holding Property: The Trustee may hold property in the Trustee's name, as trustee, or in the
name of a nominee without disclosing the Trust.
REVOCABLE LIVII~TG TRUST AGREEMENT
Page 6
3. Release of Power: If the Trustee deems it to be in the best interest of the Trust and its
Beneficiaries, the Trustee, by written instrument signed by such Trustee, will have'the power and
• authority to release, disclaim, or restrict the scope of any power or discretion grantCd in this Trust
Agreement or implied by law.
4. Agents, Employees: The Trustee may employ one or more agents to perform any act of
administration, whether or not discretionary, including attorneys, auditors, investment managers,
or others, as the Trustee shall deem necessary or advisable. The Trustee may compensate agents
and other employees and may delegate to them any and all discretions and powers.
5. Leases: The Trustee may lease any Trust Assets generally or for oil, gas,; and mineral
development, even though the lease term may extend beyond the term of the Trutt of which the
property is a part. The Trustee may enter into any covenants and agreements telating to the
property so leased or concerning any improvements which may then or thereafter'..... be erected on
such property.
6. Common Funds: The. Trustee may hold any of the Trust Assets in a common fund with property
from other trust estates and may make investments jointly with any other trust, the property of
which is included in the common fund.
7. Securities: With respect to securities held in the Trust Estate, the Trustee may e~Cercise all the
rights, powers, and privileges of an owner, including but not limited to, the power to vote, give
proxies, and to pay assessments and other sums deemed by the Trustee necessary for the
protection of the Trust Estate. In addition, the Trustee may participate in ''voting trusts,
foreclosures, reorganizations, consolidations, mergers, and liquidations, and ~n connection
therewith, to deposit securities with and transfer title to any protective or other committee under
® such terms as the Trustee may deem advisable. In addition, the Trustee may exercise ar sell stock
subscription or conversion rights and may accept and retain as an investment an securities or
other property received through the exercise of any of the foregoing powers, regardless of any
limitations elsewhere in this instrument relative to investments by the Trustee. Inl addition, The
Trustee may Buy, sell exchange, assign, convey, settle and exercise commodities fu4ture contracts
and call and put options on stocks and stock indices traded on a regulated options' exchange and
collect and receipt for all proceeds of any such transactions. Establish or continue o~tion accounts
for the principal with any securities of a futures broker. In general, exercise al powers with
respect to commodity and option transactions that the principal could if present.
8. Purchases from Estate: The Trustee may purchase property of any kind from the Bxecutor or
Administrator of the Estates. '
9. Lending: The Trustee may make loans, secured or unsecured, to the Executor or Administrator
of the Estate, to any Beneficiary of the Trust, or to the Trustee. Further, the Trpstee may use
Trust Assets to guarantee obligations of any income Beneficiary of the Trust' (unless such
Beneficiary is serving as Trustee).
10. Distributions to or for Beneficiaries: The Trustee may make any distribution co#-tetr-plated by
this Trust Agreement (1) to the Beneficiary; (2) if the Beneficiary is under a legal ~iisitbility or if
the Trustee determines that the Beneficiary is unable to properly manage his or her affairs, to a
person furnishing support, maintenance, or education for the Beneficiary or w~th whom the
Beneficiary is residing for expenditures on the Beneficiary's behalf; or (3) if the B eficiary is a
minor, to a trustee of an existing trust established exclusively for the benefit o such minor,
whether created by this Trust Agreement or otherwise, or to a custodian for the en~ficiary, as
selected by the Trustee, under the Pennsylvania Uniform Transfer to Minors Act. !Altiernatively,
REVOCABLE LIVING TRUST AGREEMENT
Page 7
the Trustee may apply all or a part of the distribution for the Beneficiary's benefit. Any
distribution under this paragraph will be a full dischazge of the Trustee with respect thereto. On
• any partial or final distribution of the Trust Assets, the Trustee may apportion acid allocate the
assets of the Trust Estate in cash or in kind, or partly in cash and partly in kind, qr in undivided
interests in the manner deemed advisable at the discretion of the Trustee and to sell any property
deemed necessary by the Trustee to make the distribution. The Trustee may distrilyute gifts of up
to the maximum allowable per yeaz per donee out of principal and/or interest.
11. Insurance: The Trustee may purchase new life insurance, pay the premiums cln existing life
insurance on the life of any Trust Beneficiary, purchase annuities (either commercial or private)
from any corporation, trust, or individual, and may procure and pay the premiums on other
insurance of the kinds, forms, and amounts deemed advisable by the Trustee to protect the
Trustee and the Trust Estate.
12. Borrowing: The Trustee may borrow money from the Trust Estate and others. ' To secure the
repayment thereof, the Trustee may mortgage, pledge, or otherwise encumber palm or all of the
Trust Assets, and in connection with the acquisition of any property, the Trustee'~,may assume a
liability or may acquire property subject to a liability.
13. Repairs: The Trustee may make ordinary and extraordinary repairs and alteratio#is to buildings
or other Trust Assets.
14. Reserves: The Trustee may establish such reserves out of income for taxes, assessments, repair,
and maintenance as the Trustee considers appropriate.
15. Continuation of Business: The Trustee may continue any business or businesses in which the
• Trust has an interest at the time of the Settlor's death for so long as the Trustee r~iay, in. its sole
discretion, consider necessary or desirable, whether or not the business is conducted by the Settlor
at the time of his/her death individually, as a partnership, or as a corporation whjolly owned or
controlled by him, with full authority to sell, settle, and discontinue any of them v}+hen and upon
such terms and conditions as the Trustee may, in its sole discretion, consider, necessary or
desirable.
16. Retain Property for Personal Use: The Trustee may retain a residence or other p#operty for the
personal use of a Beneficiary and to allow a Beneficiary to use or occupy the retained property
free of rent and maintenance expenses.
17. Dealings with Third Parties: The Trustee may deal with any person or entity' regardless of
relationship or identity of any Trustee to or with that person or entity. The Trusteee may hold or
invest any part of or all of the Tnist Estate in common or undivided interests with'that person or
entity.
18. Partitions, Divisions, Distributions: The Trustee will have the power to make !,all. partitions,
divisions, and distributions contemplated by this Trust Agreement. Any partitions, divisions, or
other distributions may be made in cash, in kind, or partly in cash and partly irl kind, in any
manner that the Trustee deems appropriate (including composing shares differently,. The Trustee
may determine the value of any property, which valuation will be binding on all~e~ieficiaries.
No adjustments are required to compensate for any partitions, divisions, or distri utibns having
unequal consequences to the Beneficiaries.
19. Claims, Controversies: The Trustee may maintain and defend any claim or controversy by or
against the Trust without the joinder or consent of any Beneficiary. The Trustee inlay commence
REVOCABLE LIVING TRUST AGREEMENT
Page 8
or defend at the expense of the Trust any litigation with respect to the Trust or any property of the
Trust Estate as the Trustee may deem advisable. The Trustee may employ, 'for reasonable
• compensation, such counsel as the Trustee shalt deem advisable for that purpose.
20. Merger of Trusts: If at any time the Trustee of any trust created hereunder shall also be acting as
trustee of any other trust created by trust instrument or by trust declaration for th~ benefit of the
same beneficiary or beneficiaries and upon substantially the same terms and Conditions, the
Trustee is authorized and empowered, if in the Trustee's discretion such action is in the best
interest of the Beneficiary or Beneficiaries, to transfer and merge all of the assets dhen held under
such trust created pursuant to this Trust Agreement to and with such other trust and thereupon to
terminate the trust created pursuant to this Trust Agreement. The Trustee is fiuth~r authorized to
accept the assets of any other trust which may be transferred to any trust created hereunder and to
administer and distribute such assets and properties so transferred in accordance with the
provisions of this Agreement.
21. Termination of Small Trust: Any corporate Trustee which is serving as the sole ',Trustee of any
Trust or any Share thereof may at any time terminate such Trust or Share if, in thd Trustee's sole
judgment, the continued management of such Trust or Share is no longer economical because of
the small size of such Trust or Share and if such action will be deemed to be in th~ best interests
of the Beneficiary or Beneficiaries. In case of such termination, the Trustee ''wih distribute
forthwith the share of the-Trust Estate so terminated to the income Beneficiary, pei~ stirpes. Upon
such distribution, such Trust or Share will terminate and the Trustee will nqt be liable or
responsible to any person or persons whomsoever for its action. The Trustee will riot be liable for
failing or refusing at any time to terminate any Trust or a Share thereof as authorized by this
P~SmPh•
® 22. Power to Determine Income and Principal: Dividends payable in stock of the issuing
corporation, stock splits, and capital gains will be treated as principal. Except as h$rein otherwise
specifically provided, the Trustee will have full power and authority to determine', the manner in
which expenses are to be borne and in which receipts are to be credited as between principal and
income. The Trustee has the power to determine what will constitute principal br income and
may withhold from income such reserves for depreciation or depletion as the Tru$tee may deem
fair and equitable. In determining such matters, the Trustee may give consideration to the
provisions of the Pennsylvania Statutes (or its successor statutes) relating to such'matters, but it
will not be bound by such provisions.
23. Generation-Skipping Taxes and Payment: If the Trustee considers any distribution or
termination of an interest or power hereunder as a distribution or termination subject to a
generation-skipping tax, the Trustee is authorized:
a. To augment any taxable distribution by an amount which the Trustee estimates to be
sufficient to pay such tax and charge the same to the particular trust to which the tax
related without adjustment of the relative interests of the Beneficiaries;
b. To pay such tax, in the case of a taxable termination, from the particular Must to which
the tax relates without adjustment of the relative interests of the Beneficiaries. If such tax
is imposed in part by reason of the Trust Assets, the Trustee will pay only',tha portion of
such tax attributable to the taxable termination hereunder taking into ',consideration
deductions, exemptions, credits, and other factors which the Trustee deems advisable;
and
REVOCABLE LMNG TRUST AGREEMENT
Page 9
c. To postpone final termination of any particular trust and to withhold any portion or all of
the Tnist Estate until the Trustee is satisfied that the Trustee no longer had any liability to
• P$Y anY 8eneration-skipping tax with reference to such trust or its termination.
Section 4.04 -Special Provision for S Corporation Stock
Notwithstanding what is otherwise provided in this Trust Agreement, if at any time the Trvist contains any
stock of a corporation which elects or has elected treatment as an "S Corporation" as def~ned by Section
1361(a)(1) of the Internal Revenue Code (or any corresponding successor statute), such stock will be
segregated from the other assets of such and treated as a separate trust. The Trustee will fujrther divide the
separate trust into shazes for each Beneficiary and such shazes will be distributed outright'' or held in trust
as herein provided. In addition, all other provisions of this Trust Agreement will apply to leach share held
in trust (and constituting a separate trust) except that the Trustee will distribute all of the income from
each separate trust to its Beneficiary in convenient installments at least annually. It is tha Settlor's intent
that each separate trust will be recognized as a "Qualified Subchapter S Trust" ("QSST"~ uhder Section
1361(d)(2) of the Internal Revenue Code (or any corresponding successor statute). Notwithstanding any
provisions of this Trust Agreement to the contrary, the Trustee's powers and discretionswith respect to
the administration of each separate trust (including methods of accounting, bookk eping, malting
distributions, and characterizing receipts and expenses) will not be exercised or exercisable except in a
manner consistent with allowing each separate trust to be treated as a QSST as above described.
ARTICLE FIVE
Trustee Powers with a Probate Estate
Section 5.01- Coordination with Settlor's Probate Estate
• 1. At any time during the continuance of this Trust, includin subse u
Trustees may, in their sole and uncontrolled discretion, distribute t the deceased Settlor slor, the
Probate Estate cash and/or other property as a Beneficiary of the Trust.
2. All other provisions to the contrary notwithstanding, under no circumstances shall any restricted
proceeds, as hereinafter defined, be either directly or indirectly: (i) distributed to or' for the benefit
of-the Settlor's Executors or the Settlor's Fbate Estate; or (ii) used to pay any other obligations
of the Settlor's Estate. The term "Restricted Proceeds" means:
a. All qualified plans, individual retirement accounts, or similar benefits which are received
or receivable by any Trustee hereunder, and which aze paid solely to a Ben$fiaiary other
than the Executor of the Settlor's Gross Estate for Federal Estate Tax purpcbses; and
b. All proceeds of insurance on the Settlor's life which, if paid to a Beneficiar~r other than
the Settlor's Estate, would be exempt from inheritance or similaz death taxes under
applicable state death laws.
Section 5.02 -Direction to Minimize Taxes
In the administration of the Trust hereunder, its Fiduciaries shall exercise all available tax related
elections, options, and choices in such a manner as they, in their sole but reasonable ud
j ~npnt (where
appropriate, receiving advice of tax counsel), believe will achieve the overall minimum in total combined
present and reasonably anticipated future administrative expenses and taxes of all kinds. This applies not
only to said Trust, but also to its Beneficiaries, to the other Trusts hereunder and their Benefcaries, and
to the Settlor's Probate Estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 10
Without limitation on the generality of the foregoing direction (which shall to that exterut supercede the
• usual fiduciary duty of impartiality), such Fiduciaries shall not be accountable to any person interested in
this Trust or to Settlor's Estate for the manner in which they shall carry out this direction to minimize
overall taxes and expenses (including any decision they may make not to incur the expense of a detailed
analysis of alternative choices). Even though their decisions in this regard may result in increased taxes
or decreased distributions to the Trust, to the Estate, or to one or more Beneficiaries, the hiduciaries shall
not be obligated for compensation readjustments or reimbursements which arise by reason of the manner
in which the Fiduciaries carry out this direction.
Section 5.03 -Judgment and Discretion of Trastee
In the absence of proof of bad faith, all questions of construction or interpretation of any tirusts created by
this Trust Agreement will be finally and conclusively determined solely by the Trustee, a~CCOrding to the
Trustee's best judgment and without recourse to any court. Each determination by the Trustee is binding
on the Beneficiaries and prospective Beneficiaries hereunder, both in being and unborn as well as all
other persons, firms, or corporations. The Trustee, when exercising any discretionary pgwer relating to
the distribution or accumulation of principal or income or to the termination of anyI trust, will be
responsible only for lack of good faith in the exercise of such power. Each determination may be relied
upon to the same extent as if it were a final and binding judicial determination. In the event of a conflict
between the provisions of this Trust Agreement and those of the Pennsylvania Statutes, thje provisions of
this Agreement will control.
ARTICLE SIX
Resolution of Conflict
• Sectlon 6.01-Resolution of Conflict
Any controversy between the Trustee or Trustees and any other Trustee or Trustees, or between any other
parties to this Trust, including Beneficiaries, involving the construction or application of at#y of the terms,
provisions, or conditions of this Trust shall, on the written request of either or any dislagreeing party
served on the other or others, shall be submitted to arbitration. The parties to such arbitra~on shall each
appoint one person to hear and determine the dispute and, if they are unable to agree, then a two persons
so chosen shall select a third impartial arbitrator whose decision shall be final and conclusive upon both
parties. The cost of arbitration shall be borne by the losing party or in such proportion as tl~e arbitrator(s)
shall decide. Such arbitration shall comply with the commercial arbitration rules of 'the American
Arbitration Association, 140 West 51st Street, New York, NY 10200.
Section 6.02 -Incontestability
The beneficial provisions of this Trust Agreement are intended to be in lieu of any other rights, claims, or
interests of whatsoever nature, whether statutory or otherwise, except bona fide pre-death debts, which
any Beneficiary hereunder may have in Settlor's Estate or in the properties in 'st hereunder.
Accordingly, if any Beneficiary hereunder asserts any claim (except a legally enforceable~ebt), statutory
election, or other right or interest against or in Settlor's Estate, or any properties of this Trpst, other than
pursuant to the express terms hereof, or directly or indirectly contests, disputes, or calls ,into question,
before any court, the validity of this Trust Agreement, then;
1. Such Beneficiary shall thereby absolutely forfeit any and all beneficial interests f whatsoever
kind and nature which such Beneficiary or his or her heirs might otherwise have ur~det this Trust
Agreement and the interests of the other Beneficiaries hereunder shall thereupon be'~ appropriately
and proportionately increased; and
REVOCABLE LIVII~TG TRUST AGREEMENT
Page 11
2. All of the provisions of this Trust Agreement, to the extent that they confer any benefits, powers,
• or rights whatsoever upon such claiming, electing, or contesting Beneficiary, shall thereupon
become absolutely void; and
3. Such claiming, electing, or contesting Beneficiary, if then acting as a trustee hereunder, shall
automatically cease to be a Trustee and shall thereafter be ineligible either to select, remove, or
become a Trustee hereunder.
Section 6.03 -Specific Omissions
Any and all persons and entities, except those persons and entities specifically named herein, have been
intentionally omitted from this Trust Agreement. If any person or entity shall successfully challenge any
term or condition of this Trust Agreement, then, to that person or entity shall be given (he sum of one
dollar ($1.00) in lieu and in place of any other benefit, grant, or interest which that person or interest may
have in the Trust Estate.
Section 6.04 -Benefits Confidential
The Settlor further declare that it is his/her desire and intent that the provisions of this Trust Agreement
are to remain confidential as to all parties. The Settlor directs that only the information concerning the
benefits paid to any particular Beneficiary shall be revealed to such individual and that no individual shall
have a right to information concerning the benefits being paid to any other Beneficiary.
. ARTICLE SEVEN
General Provisions
Section 7.01- DisMbntion in Kind or in Cash
On any division of the assets of the Trust Estate in to shares or partial shares, and on any,final or partial
distribution of the assets of the Trust Estate, the Trustee, at his or her absolute discretion, tinay divide and
distribute undivided interests of such assets on a pro rata or non-pro rata basis, or may sell any part of or
all of such assets and may make divisions or distributions in cash or partly in cash and party in kind. The
decision of the Trustee, either prior to or on any division or distribution of such assts, as to what
constitutes a proper division of such assets of the Trust Estate, shall be binding on all perso#~s interested in
any trust provided for in this Trust Agreement.
Section 7.02 -Spendthrift Provision
Neither the principal nor the income of the trust shall be liable for the debts of a Beneficiary. Except as
otherwise expressly provided in this Agreement, no Beneficiary of any trust shall have anj+ right, power,
or authority to alienate, encumber, or hypothecate his or her interest in the principal or $ncome of this
Trust in any manner, nor shall the interests of any Beneficiary be subject to the claims of his or her
creditors or liable to attachment, execution, or other process of law. The limitations herein shall not
restrict the exercise of any power of appointment or the right to disclaim.
Section 7.03 -Definition of Children
The terms "Child" and "Children" as used in this Agreement mean the lawful issue of a~ Settlor. This
definition also includes children legally adopted by a Settlor.
REVOCABLE LIVING TRUST AGREEMENT
Page 12
Section 7.04 -Handicapped Beneficiaries
• Any Beneficiary who is determined by a court of co tent 'urisdiction t
~ I o be incompetent shall not have
any discretionary rights of a Beneficiary with respect to this Trust, or to their share or portion thereof.
The Trustee shall hold and maintain such incompetent Beneficiary's share of the Trust estate and shall, in
the Trustee s sole discretion, provide for such Beneficiary as that Trustee would provide for a minor.
Notwithstanding the foregoing, any Beneficiary who is diagnosed for the purposes o~ governmental
benefits (as hereinafter delineated) as being not competent or as being disabled, and who Shall be entitled
to govenunental support and benefits by reason of such incompetency or disability, shall cease to be a
Beneficiary of this Trust. Likewise, they shall cease to be a Beneficiary if any share of portion of the
principal or income of the Trust shall become subject to the claims of any governmental agency for costs
or benefits, fees, or charges.
The portion of the Trust Estate which, absent the provisions of this section, would have been the share of
such incompetent or handicapped person shall be retained in trust for as long as that individual lives. The
Trustee, at his or her sole discretion, shall utilize such funds for the maintenance of that individual. If
such individual recovers from his or her incompetency or disability and is no longer eligil#le for aid from
any governmental agency, including costs or benefits, fees, or charges, such individual shall be reinstated
as a Beneficiary after 60 days from such recovery and the allocation and distribution provisions as stated
herein shall apply to that portion of the Trust Estate which is held by the Trustee subject tb the foregoing
provisions of this section. If said handicapped Beneficiary is no longer living and shall'leave children
then living, the deceased child's share shall pass to those cMldren per stirpes. If there are ~o children, the
share shall be allocated proportionately among the remaining Beneficiaries.
ARTICLE EIGHT
Successor Trustee Appoinhnents
Section 8.01- Trastees
All Trustees are to serve without bond. The following will act as Trustees of any Trusts treated by this
Trust Agreement, in the following order of succession:
First: The undersigned, John J. Perloskl
Second: At the death or incapacity of John J. Perloski, JeJ,~rey J. PerlosAr~ shall serve as
First Successor Trustee.
Ord: JacquelineTaylor shall serve as Second Successor Trustee.
fit: A Trustee chosen by the majority of Beneficiaries, with a parent or Legal guardian
voting for minor Beneficiaries; provided, however, that the chhldten of any
deceased Beneficiary shall collectively have only one vote.
Sectlon 8.02 -Allocation and Distribution of The Trust Assets
The Trustees shall allocate, hold, administer, and distribute the Trust Assets as hereinafter Irovided:
1. Upon the death of the Settlor, the Trustee shall make any separate distributions th$ Trust Assets
in the manner hereinafter prescribed.
REVOCABLE LIVING TRUST AGREEMENT
Page 13
Section 8.03 -Personal Property Distribution
• Notwithstanding any provision of this Trust Agreement to the contrary, the Trustee mint abide by any
memorandum by the Settlor, particularly that contained in the section entitled "Spedial Directives"
incorporated into this Trust Instrument, directing the disposition of Trust Assets of every (kind including,
but not limited to, furniture, appliances, furnishings, pictures, china, silverware, glass, books, jewelry,
wearing apparel, and all policies of fire, burglary, property damage, and other insutance on or in
connection with the use of property. Otherwise, any personal and household effects of the'Settlor shall be
distributed with the remaining assets of the Trust Estate.
Sectlon 8.04 -Liability of Trustee
The Trustee will not be responsible or liable for any loss which may occur by reason of depreciation in
value of the properties at any time belonging to the Trust Estate nor for any other loss which may occur,
except that the Trustee will be liable for each Trustee's own negligence, neglect, default, ozf willful wrong.
The Trustee will not be liable or responsible for the acts, omissions, or defaults of any', agent or other
person to whom duties may be properly delegated hereunder (except officers or regular erpployees of the
Trustee) if such agent or person was appointed with due care. The Trustee may receive teimbursement
from the Trust Estate for any liability, whether in contract or in tort, incurred in the adminlistration of the
Trust Estate in accordance with the provisions hereof, and the Trustee may contract in suchl form that such
Trustee will be exempt from such personal liability and that such liability will be limited to the Trust
Assets.
Section 8.05 -Successor Trustees
Any Successor Trustee shall have all the power, rights, discretion, and obligations confe
• by this Trust Agreement. All rights, titles, and interest in the property of the Trust shall
in the successor Trustee at the time of appointment. The prior Trustee shall, without wa
the Successor Trustee the existing Trust property. No Successor Trustee shall be u
examine, verify, question, or audit the books, records, accounts, or transaction of any p
and no Successor Trustee shall be liable for any loss or expense from or occasioned by
neglected to be done by any predecessor Trustee. A Successor Trustee shall be liable o
own acts and defaults.
ARTICLE NINE
Rule Against Perpetuities
Section 9.01- Perpetuities Savings Clause
l on a Trustee
nediately vest
ty, transfer to
any duty to
ding Trustee;
thfng done or
far his or her
Notwithstanding any other provision of this instnunent, the Trusts created hereunder shall] terminate not
later than twenty-one (21) years after the death of the last survivor of the Settlor afnd any other
Beneficiary or Beneficiaries named or defined in this Trust living on the date of the death '~of the Settlor.
The Trustee shall distribute remaining Trust principal and all accrued or undistributed net income
hereunder to the Beneficiary or Beneficiaries. If there is more than one Beneficiary, the disttribution shall
be in the proportion in which they are Beneficiaries; if no proportion is designated, then We distribution
shall be in equal shares to such Beneficiaries.
REVOCABLE LIVING TRUST AGREEMENT
Page 14
ARTICLE TEN
General Provisions
• Section 10.01-Governing Law
It is not intended that the laws of only one particular state shall necessarily govern all questions pertaining
to all of the Trust hereunder.
1. The validity of the Trust hereunder, as well as the validity of the particular prgvisions of that
Trust, shall be governed by the laws of the state which has sufficient connection vuFith the Trust to
support such validity.
2. The meaning and effect of the terms of this Trust Agreement shall be governed by'the laws of the
Commonwealth of Pennsylvania.
3. The administration of this Trust shall be governed by the laws of the state in which the principle
office of the Trustee then having custody of the Trust's principal assets and records is located.
The foregoing shall apply even though the situs of some Trust Assets or the home oi` the Settlor, a
Trustee, or a Beneficiary may at some time or times be elsewhere.
Section 10.02 -Invalidity of Any Provision
If a court finds that any provision of this Trust Agreement is void, invalid, or uneiaforceable, the
remaining provisions of this Agreement will continue to be fully effective.
Section 10.03 -Headings
The use of headings in connection with the various articles and sections of this Trust Agreement is solely
for convenience and the headings are to be given no meaning or significance whatsoever inl construing the
terms and provisions of this Agreement.
Section 10.04 -Internal Revenue Code Terminology
As used herein, the words "Gross Estate," "Adjusted Gross Estate," "Taxable Estate," "Uk~ified Credit,"
"State Death Tax Credit," "Maximum Marital Deduction," "Marital Deduction," and any, other word or
words which from the context in which it or they are used refer to the Internal Revenue !,Cade shall be
assigned the same meaning as such words have for the purposes of applying the Internal Rdveztue Code to
a deceased Settlor's Estate. Reference to sections of the Internal Revenue Code and #o the Internal
Revenue Code shall refer to the Internal Revenue Code amended to the date of such Settloras death.
REVOCABLE LIVING TRUST AGREEMENT
Page 15
SPECIAL DIRECTIVES
• OF
JOHN J. PERLOSKI
I, JOHN J. PERLOSKI, a resident of the County of CUMBERLAND, Commonwealth of
Pennsylvania, being of lawful age, and of sound and disposing mind and memory, and nit acting under
duress, fraud, or undue influence, hereby make, publish and declaze this to be my Special Directive, and I
incorporate THE JOHN J. PERLOSKI REVOCABLE LIVING TRUST AGREEMENT.
FIRST
The natural objects of my affection aze:
My Children - Jefj~rey J. Perloski
JacgnelineTaylor
JoAnn Perloski
Jeanne McBride
SECOND
• I direct that all estate and inheritance taxes payable as a result of my death, not limited to taxes
assessed on property, shall be paid out of the residue of my Estate, and shall not be deductdd ar collected
from any League, Devisee, ar Beneficiary hereunder.
In the event any of my named Beneficiaries should predecease me, all of that person's share of the
Trust Estate is to be divided equally among that person's issue per stirpes. In the everrt any such
predeceased beneficiary leaves no surviving children or issue, then all of that person's 'share shall be
distributed to the remaining Beneficiaries.
FOURTH
In the event all of my named beneficiaries and their children and issue predecease, me, all of the
trust estate is to be distributed to my heirs at law.
FIFTH
I direct that all outstanding debts and/or loans owed by any beneficiary shall be fargiven and
deemed as having not existed.
REVOCABLE LIVIIVG TRUST AGREEMENT
Page 16
SIXTH
I direct that, before any distribution of the assets of the Trust Estate to the named Beneficiaries,
certain specific distributions, if any, shall be made from the assets as set forth on the list attached hereto
and marked "Exhibit A."
•
REVOCABLE LIVING TRUST AGREEMENT
Page 17
DATED to be effective this ~~ day of ~~ PJ• Zea3
•
SETTLOR:
('`~
HN J. OSKI
ACCEPTED BY TRUSTEE:
O J. PE SKI
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the date herein set forth by JOHN J.
PERLOSKI as Settlor and Trustee to certify which witness my hand and seal of office.
•
No .Public, Commonwealth of Pennsylvania
NOTARIAL SEAL
JOSEPH G MARCOLY, NOTARY PUBLIC
INDIANA BORO. INDIANA COUNTY
MY COMMISSION EXPIRES SEPT. 15, 2003
REVOCABLE LIVIlVG TRUST AGREEMENT
Page 18
THI JO$N J. PERLOSKI
• REVOCABLE LIVING TRUST AGREEMENT
Declaration of Intent
The undersigned hereby declares that, as Trustee of THE JOHN J. PERLOSKI REVOCABLE
LIVING TRUST, he or she is acquiring and will hold in the name JOHN J. PERLOSI~I, but without
further reference to his/her fiduciary capacity, all items listed on the attached schedule}(s) hereto and
incorporated herein as amended, from time to time, as well as household furnishing, automobiles,
jewelry, bank accounts, securities, bonds, clothing and other personal property of any ~Cind in his/her
name and henceforth such assets shall and will belong to said Trust and not to him or her individually;
and he or she further declares that, except to the extent of interest provided to him or her finder the terms
and provisions of said Trust, he or she has no personal interest in any of the above itet~ized personal
properties, it being intended and this Declaration constitutes an affirmation of Trust ow~4ership and an
assignment to this Trust and shall be binding on his/her heirs, administrators, executors an~ assigns.
nv WITNESS WHEREOF, the undersigned has executed this instrument this /~ z,,r~ day of
Fie. L.~
OHN J. P OSKI
Settlor/T tee
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
BEFORE ME, the undersigned authority, on this day personally JOHN J. PERLO~KI, known to
me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that
he or she executed the same for the purposes and. consideration therein expressed and id the capacity
therein stated.
SUBSCRIBED AND SWORN this ~~~ day of !'/~ /.3 . ,200,3.
Commonwealth of
NOT SEAL
JOSEPH G MARCOLY, NOTARY PUBLIC
INDIANA BORO. INDIANA COUNTY
MY COMMISSION EXPIRES SEPT. 15, 2003
The foregoing instrument consists of typewritten/handwritten pages including the
signature of Witnesses, and acknowledgment of officer. I have signed my name at the bottom of each of
the preceding pages.
DATED this day of ---~ day of vA•u _, zs~
OHN J. P OSKI
-n.ol ~ ~d~,e-c.-,~
n ~ rocw
Witness
a.9~ Ila-~a rid. /Ylu~~sv%~(~ ~~.
Address ~ 7~~
,O - ~, n
Witness
lcS ~~~~ ~~~ 6~~~Io~s-
Address
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the ~ day of F ~ .
?~, by JOHN J. PERLOSKI as Settlor and Trustee to certify which witness my hand aia'd seal of
office.
tary Pu lic, Commonwealth of Pennsyly~
NOTARIAL SEAL
JOSEPH G MARCOLY, NOTARY PUBIiC
INDIANA BORO. INDIANA COUNTY
MY COMMISSION EXPIRES SEPT. 15, 200
REVOCABLE LIVING TRUST AGREEMENT
~~r
THIS DEED
_.; __; . -
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INSTEIN LAW OFFICES
ATTORNEYS AT LAW
WEST DEKALe PIKE. $UITE 2
He of PRUSSIA. PA 19406
(610) 337-3733
JSTER PLAZA. $UITE 300
651 HOLIDAY DIUVE
PITTS6URGH, PA 15220
(412) 928-3661
Dated this l ~ day of /~,E~ . ~ 2 e a 3
The Grantor: John J. Perloslci, Individually and as Trustee under Revq'cable Trust
Agreement dated June 14, 2000, whose address is 516 W. Cumberland Rojad, Enola,
Cumberland County, Pennsylvania 17025
quit-claims to JOHN J. PERLOSKI, as Trustee of THE JOHN J. PERL~SKI REVOCABLE
LIVING TRUST, dated ~,E~, /2 2so
Cumberland Road, Enola, Cumberland County, Pennsylvania 17025 address is 516 W.
Consideration: TEN DOLLARS ($10.00) and other good and valuable consideration in hand paid.
Property (including any improvements): ',
ALL THAT CERTAIN tract or parcel of land and premises, situate, Ding and being in the
Township of East Pennsboro, County of Cumberland, Commonwealth of Pennsylvania, more
particulazly described as follows:
BEGINNING at a point on the Northern line of Kay Street, 61 feet, mlore or less, West of
the Western line of Hoffman Street; thence Westwazdly along the Northern life of Kay Street, 66
feet, more or less, to a point; thence Northwazdly and pazallel withy Hoffman Street, 130 feet to a
point on the Southern line of a 15 feet wide alley; thence Eastwazdly along the Southern line of
said 15 feet wide alley, 66 feet to a point; thence Southwazdly and parallel wikh Hoffman Street,
130 feet to a point, the place of BEGINNING,
BEING the Western 19 feet of Lot No. 13, all of Lots Nos. 14 and 15,'land the Eastern 7
feet of Lot No. 16, Section 4 on the Plan of Lots known as Enola Heights. Saikl Plan being
recorded in the Recorder of Deeds Office in and for Cumberland County, Pennsylvania in Plan
Book "I," page 22.
UNDER AND SUBJECT to and together with the rights, privileges, agreements, rights-of-
way, easements, conditions, exceptions, restrictions and reservations as exist >~y virtue of prior
recorded instruments, deeds or conveyances.
For chain of title see Deed recorded in the aforesaid County in Deed Book Volume 223,
Page 532.
Being the same as Tax Parcel Number O 9 - i ~ - o ~ 3 :t - 3 s ,
For the consideration Grantor quit claims to Grantee all of Grantor's ri ht, title, and
interest in and to the property, to have and to hold it to Grantee, Grantee's hei
administrators, successors, or assigns shall have, claim, or demand any right or title to the
property or any part of it.
Page 1 of 2
When the context requires, singular nouns and pronouns include the plural.
Signed in presence of: Signed by:
~>~ r~~ ~ ,
r HN J. OSKI,', Individually and as
Trustee under Revocabl~ Living Trust
/ . •~: Agreement June 14, 20Q0
~~A ~ ~ ~ D
STATE OF PENNSYLVANIA}
COUNTY OF CUMBERLAND} ss.
On this, the ~~ ~ day of /C Ed. , in t~4e year Lo 03
before me, ~fe.~~ ~ ~(q 4ca cy , a Notary Public'~,in and for said state,
personally appeared John J. Perloski, known to me to be the person who executed the within
quitclaim deed and acknowledged to me that he executed the same for the pulrposes therein stated.
N tary Public
NOTARIAL SEAL
'~~ G ~RCALY, NOTARY PUBLIC
INDIANA BORO. tNDIANA COUNTY
MY COMMISSION EXPIRES SEPT.' 15, 200
:INSTEIN LAW OFFICES
ATTORNEYS AT LAW
~ WEST DEKnu PIKE, SUITE 2 I
iNC OF PRUSSIA, PA 19406
(610) 337-3733
'OSTER PLAZn, SUITE 30O
651 HOLIDAY DRIVE
PITTSlURCH. PA 15220
(412) 928-3661
I hereby certify the address of the within grantee is 516 W. Cumberland Roadb Enola, County of
Cumberland, State of Pennsylvania 17025.
Attested to by:
l1 /, (? ~ e /J /'
Attestor (please print)
Page 2 of 2
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DEED
JOHN J. PERLOSKI,
Individually and as Trustee
under Revocable Living Trust Agreement
dated June 14, 2000
Grantor,
TO
THE JOHN J. PERLOSKI
REVOCABLE LIVING TRUST,
dated
Grantee.
Dated:
Record & Return to:
BRETT B. WEINSTEIN
Attorney at Law
707 West DeKalb Pike
Suite 2
King of Prussia, PA. 19406
1 Certify this ~ -:.~ rec..
In Cumberland Lvunty ~
~,•l...r~ ~.
a,
~;
"" Recorder of Deeds
800K 25S PAGE4~~~
REGISTER OF WILLS
CUMBERLAND COUNTY
PENNSYLVANIA
CERTIFICATE OF
GF#ANT OF LETTERS
No . 2009- 01128 PA No . ~ 1- 09- 1128
Estate Of : JOHN JOSEPH PERLOSKI
/First, Middle, Lastl
Late Of : EAST PENNSBORO TOWNSHIP'
CUMBERLAND COUNTY
Deceased
Social Securi ty No: 190-18-4689
WHEREAS, on the 4th day of December 2009 an instrumenlt dated
February 12th 2002 was admitted to probate as the last wi1'l of
JOHN JOSEPH PERL OSK/
(First, Middb, Last)
late of EAST PENNSBORO TOWNSH/P, CUMBERLAND County,
who died on the 31st day of October 2009 and,
WHEREAS, a true copy of the will as probated is annexed hereto.
THEREFORE, I, GLENDA EARNER STRASBAUGH
Register ~f Wi11s in and
for CUMBERLAND County, in the Commonwealth of Pennsylvanian hereby
certify that I have this day granted Letters TESTAMENTARY tp:
JEFFREY J PERL OSKI
who has duly qualified as EXECUTOR(R/X)
and has agreed to administer the estate according to Iaw, all of which
full y appears of record in my office a t CUMBERLAND COUNTY COURT HOUSE,
CARL/SLE, PENNSYL VAN/A.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal
of my office on the 4th day of December 2009.
eglster o (
eputy
* *NOTE* * ALL NAMES ABOVE AFPEAR (FIRST, MIDDLE, LAST)
LAST WILL AND TESTAMENT
(Pour-Over Will)
OF
JOHN J. PERLOSItI
IDENTITY
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1
I, JOHN J. PERLOSKI, residing in the County of Cumberland, Commonwealth o nsylvai~i~a,
being of sound mind and memory, and not acting under duress or undue influence ~ y person
whomsoever, hereby declare this to be my Last Will and Testament, and I do hereby r , ke all otl~
former Wills and Codicils to Wills heretofore made by me. My Social Security Number is 1'90-18-4689.
I have the following children: Jeffrey J. Perloski, born June 21, 1956, and Jacq elfneTaylor,
born November 21, 1952, and JoAnn Perloski, born August 22, 1961, and Jeanne McBri~e, born May
11, 1963 ',
DEBTS, TAXES AND ADMINISTRATION EXPENSES
I have provided for the payment of all my debts, expenses of administration of prop~rty wherever
situated passing under this Will or otherwise, and estate, inheritance, transfer, and successio,~ taxes, other
than any tax on ageneration-skipping transfer that is not a liability of my Estate (including interest and
penalties, if any) that become due by reason of my death, under THE JOHN J.I PERLOSKI
REVOCABLE LIVING TRUST executed on even date herewith (the "Revocable Trust"). If the
Revocable Trust assets should be insufficient for these purposes, my Executor shall pay any, unpaid items
from the residue of my Estate passing under this Will, without any apportionment or reimbursement. In
the alternative, my Executor may demand in a writing addressed to the Trustee of the Tn.~st an amount
necessary to pay all or part of these items, plus claims, pecuniary legacies, and family allowances by court
order.
PERSONAL AND HOUSEHOLD EFFECTS
It is my intent that all my personal and household effects were transferred to the Revocable Trust
as a result of the Declaration of Intent signed this date. If there are any questions regarding t~te ownership
or disposition of these assets, it is my desire that such assets pour into the Revocable Trust, signed byYne
this date in accordance with the provisions of the section titled "Residue of Estate."
RESIDUE OF ESTATE
I give, devise and bequeath all the rest, residue and remainder of my property of eery kind and
description (including lapsed legacies and devices), wherever situated and whether acqui~ed-before or
after the execution of this Will, to the Trustee under that certain Trust executed by me on thel same date of
the execution of this Will. The Trustee shall add the property bequeathed and devised by th~s item to the
corpus of the above described Trust and shall hold, administer and distribute said property i accordance
with the provisions of the said Trust, including any amendments thereto made before my deajth.
If for any reason the said Trust shall not be in existence at the time of death, or if fo any reason a
court of competent jurisdiction shall declare the foregoing testamentary disposition to the ru~tee under
said Trust as it exists at the time of my death to be invalid, then I give all of my Estate ncluding the
POUR-OVER WILL
Page 1 ',
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Testator
residue and remainder thereof to that person who would have been the Trustee under the Trust, as
Trustee, and to their substitutes and successors under the Trust, described herein above, to be held,
managed, invested, reinvested and distributed by the Trustee upon the terms and condition$ pertaining to
the period beginning with the date of my death as are constituted in the Trust as at present constituted
giving effect to amendments, if any, hereafter made and for that purpose I do hereby incorporate such
Trust by reference into this my Will.
EXECUTOR
I hereby nominate and appoint Jeffrey J. Perloski to serve without bond as m}~ Independent
Executor of this my Last Will and Testament. ',
In the event the first named Executor shall predecease me or is unable or unwillin~ to act as my
Executor for any reasons whatsoever, then and in that event, I hereby nominate i and appoint
JacquelineTaylor to serve without bond as my Independent Executor.
Whenever the word "Executor" or any modifying or substituted pronoun therefore ~s used in this
my Will, such words and respective pronouns shall be held and taken to include both the si gular and the
plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the E ecutor named
herein and to any successor to substitute Executor acting hereunder, and such successor) or substitute
Executor shall possess all the rights, powers, duties, authority, and responsibility conferred upon the
Executor originally named herein.
EXECUTOR POWERS
By way. of Illustration and not of limitation and in addition to any inherent, implidd ar statutory
powers granted to executors generally, my Executor is specifically authorized and em owered with
respect to any property, real or personal, at any time held under any provision of this my ill: to allot,
allocate between principal and income, assign, bon ow, buy, care for, collect, compromise cl ims, contract
with respect to, continue any business of mine, convert, deal with, dispose of, enter into, a change, hold,
improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and ex cise options
with respect to, take possession of, pledge, receive, release, repair, sell, sue for, make distrib tions in cash
or in kind of partly in each without regard to the income tax basis of such asset and in gen 1, exercise all
of the powers in the management of my Estate which any individual could exercise in the management of
similar property owned in its own right upon such terms and conditions as to my Executor ~y seem best,
and execute and deliver any and all instruments and do all acts which my Executor may d em proper or
necessary to carry out the purpose of this my Will, without being limited in any way by the specific grants
or power made, and without the necessity of a court order.
My Executor shall have absolute discretion, but shall not be required, to make adju tments in the
rights of any Beneficiaries, or among the principal and income accounts to compe sate for the
consequences of any tax decision or election, or of any investment or administrative decision, that my
executor believes has had the effect, directly or indirectly, of preferring one Beneficia or group of
Beneficiaries over others. In determining the Federal Estate and Income Tax liabilities of y Estate, my
Executor shall have discretion to select the valuation date and to determine whether any) or all of the
allowable administration expenses in my Estate shall be used as Federal Estate Tax deductions or as
Federal Income Tax deductions.
POUR-OVER WILL
Page 2
Testator
SPECIFIC OMISSIONS
I have intentionally omitted any and all persons and entities from this, my Lrast Will and
Testament, except those persons and entities specifically named herein. If any person ar entity shall
challenge any term or condition of this Will, or of the Living Trust to which I have made reference in the
sections "Household and Personal Effects" and "Residue of Estate," then, to that person or' entity, I give
and bequeath the sum of only one dollar ($1.00) only in lieu and in place of any other~enefit, grant,
bequest or interest which that person or interest may have in my Estate or the Living Trust d its Estate.
SIMULTANEOUS DEATH ',
If any other Beneficiary should not survive me for sixty (60) days, then it shall be conclusively
presumed for the purpose of this my Will that said Beneficiary predeceased me.
HN J. P, OSKI
Testator
This instrument consists of 5 typewritten pages, including the Attestation Clause, Self-Pr~ving Clause,
signature of Witnesses, and acknowledgment of officer. I have signed my name at the bottg5m of each of
the preceding pages. This instrument is being signed by me on this L"~ day of
QED, , Zis
POUR-OVER WILL
Page 3
ATTESTATION CLAUSE
The Testator whose name appears above declared to us, the undersigned, that tie foregoing
instrument was his/her Last Will and Testament, and he or she requested us to act as witnesses to such
instrument and to his/her signature thereon. The Testator thereupon signed such instrtment in our
presence. At the Testator's request, the undersigned then subscribed our names to the instrlument in our
own handwriting in the presence of the Testator. The undersigned hereby declare, in the presence of each
of us, that we believe the Testator to be of sound and disposing mind and memory.
Signed by us on the same day and year as this Last Will and Testament was s~gned by the
Testator.
WITNESSES: ADDRESSES:
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~a ~.d ~~~, r /Srdu ~ ~Cc. ~~;/C~. ~% ~
(Printed Name of Witness) City, Sta ,Zip
/j' ;:max.. ~3.1t- 01 ~e.J~/
,C G U /s r ~. ~S :'/dam"~
(Printed Name of Witness)
.f /l~0 G/~, /~iQ /~o..~ s''
City, State, Zip
POUR-OVER WILL
Page 4
Testator
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SELF-PROVING CLAUSE
. lBEFORE ME, the undersigned authority, on, this day personally appeared JOHN J. IPEItL,OSKI,
t~ V ~ N D A ,~ ~„y j~~c,,; ..,1.~ and ~ e ~ t•s ~ ~~ • S r'~ r' ~ R- , l~nown to me
to be the Testator and the witnesses, respectively, whose names aze subscribed to a foregoing
instrument in their respective capacities, and all of them being by me duly sworn, JOHN J. PERLOSKI,
Testator, declared to me and to the witnesses, in my presence, that the instrument is his/her ill and that
he or she had willingly made and executed it as his/her free act and deed for the pur~os~s therein
expressed; and the Witnesses, each on his or her oath, stated to me in the presence and hearing of the
Testator, that the Testator had declazed to them that the instrument is his Will and that he or she executed
the same as such and wanted each of them to sign it as a witness; and upon their oaths, each witness stated
further that he or she did the same as a witness in the presence of the Testator, and at his re~uest and that
he or she was at that time eighteen (18) years of age or over and was of sound mind, and th t each of the
witnesses was then at least fourteen (14) years of age.
~ '
~
J HN J. P OSKI
Testator
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(Printed Name of Witness)
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Witness
(Printed Name of Witness)
SUBSCRIBED AND ACKNOWLEDGED before me by JOHN J. PERLOSKI, ~I Testator, and
subscribed and sworn to before me by .rJ ./~'t~.~.v.d and
L.~ ~, s ~ ~ ~, ~y~,z witnesses, this the !C day of
~~5. ~~-•
otary Pu lic, ommonwealth of ennsy ania
NOTARIAL SEAL
JOSEPH G ir1ARCOLY, NOTARY PUBLIC !,
INDIANA BORO. INDIANA COUNTY
HMY COMMISSION EXPIRES SEPT. 15, 2003
POUR-OVER WILL
Page 5