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HomeMy WebLinkAbout11-03-10 (2)~ 1505610101 REV-1500 Ex ~o~_io, OFFICIAL USE ONLY PA Department of Revenue Pennsylvania County Code Year ;1 EI~A NY Nl NY ~4 H~ViN VE Bureau of Individual Taxes INHERITANCE TAX RETURN ~` PO BOX 280601 ~ ~ / "} _ Harrisburg, PA 17128-0601 RESIDENT DECEDENT lll~~~ ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 182-22-8543 01 /20/2010 03117/1919 Decedent's Last Name Suffix Decedent's First Name Martin Elizabeth (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI M MI Spouse's Social Security Number THI5 RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW G~ 1. Original Return O 2. Supplemental Return O 3. Remainder Return (date of death prior to 12-13-82) O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required death after 12-12-$2) ~ 6. Decedent Died Testate C/7 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (date of death O 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95j (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number Baric Scherer (717) 249-6873 REGISTER OF WILLS USE ONLY First line of address ~ 19 West South Street .~.~, ~ ~~ ° r-~ - ~ ' - - ; Second line of address X3, ~ ~ f,~._, .,C I -' ;a ~..X,~ ~ '~ ~ ~1 City or Post Office State ZIP Code ~ U _ ~C.;;~~ ~ Carlisle PA 17013 `~~~ - -.. ~' Correspondent's a-mail address: C~ Under penalties of perjury, 1 declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief. it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. -__ SIG TUBE OF PE O ~PO IBLE FOR FILING RETURN DATE /~ ~ ! D ADDRESS 7URE OF P ARER R THAN REPRESE TATIVE DATE ~ ~ ADD ESS / PLEASE USE ORIGIN~(L FORM ONLY Side 1 15056],010], 1505610101 File Number ~~ J J 1505610105 REV-1500 EX Decedent's Social Security Number oecedenrs Name: Elizabeth M. Martin a/k/a Elizabeth D. Martin 182-22-8543 RECAPITULATION 1. Real Estate (Schedule A) ................................. . ........ ... 1. 2. Stocks and Bonds (Schedule B) ................... ................ ... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .. ... 3. 4. Mortgages and Notes Receivable (Schedule D) ........................ ... 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E).... ... 5. 6. Jointly Owned Property (Schedule F) O Separate Billing Requested .... ... 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G} O Separate BiNing Requested..... ... 7. 159,947.72 8. Total Gross Assets (total Lines 1 through 7) .......................... ... 8. 159,947.72 9. Funeral Expenses and Administrative Costs (Schedule H) ................ ... 9. 10,612.86 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ............ .. 10. 3,718.13 11. Total Deductions (total Lines 9 and 10) .............. ................ .. 11. 14,330.99 12. Net Value of Estate (Line 8 minus Line 11) ............................ .. 12. 145,616.73 13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been made (Schedule J) ...................... .. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ...................... .. 14. 145,616.73 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0.._ 15. 16. Amount of Line 14 taxable at lineal rate x .0 45 145,616.73 16. 6,552.75 17. Amount of Line 14 taxable at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 1 g. 19. TAX DUE ....................................................... .. 19. 6,552.75 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O Side 2 1505610105 1505610105 REV-1500 EX Page 3 File Number Decedent's Complete Address: Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. CreditsiPayments A. Prior Payments _____ B. Discount ~~ ---~ ~ Total Credits (A + B) (2) 3. Interest (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) Make check payable to: REGISTER OF WILLS, AGENT. 6,552.75 6,552.75 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.................................................................................... ...... ^ b. retain the right to designate who shall use the property transferred or its income : ...................................... ...... ^ c. retain a reversionary interest; or .................................................................................................................... ...... ^ ^ d. receive the promise for life of either payments, benefits or care? ................................................................ ...... 2. if death occurred after Dec. 12, 1982, did decedent transfer property within 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 ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT A5 PART OF THE RETURN. For 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)]. Far 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 requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child 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 [72 P.S. §9116(a)(1,2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 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)J. 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. ~ pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Elizabeth M. Martin a/k/a Elizabeth D. Martin 21-10-0023 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes, ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDEIdr AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE I ~ Martin Family Trust dated November 14, 2006 Comprised of the following: 497 Run Road, Lower Frankford Twp., Carlisle, Cumberland County, PA 148,000.00 100 148,000.00 Parcel No. 14-05-0421-033 (See attached legal description) Orrstown Bank Checking Account #410063 9,423.28 100 9,423.28 Payment from Jennifer Campbell 2,000.00 100 2,000.00 2009-10 School Real Estate Tax Reimbursement 66.10 100 66.10 PA Property Tax Rebate 300.00 100 300.00 Homeowner's Insurance refund 158.34 100 158.34 T07AL (Also enter on Line 7, Recapitulation) $ 159,947.72 If more space is needed, use additional sheets of paper of the same size, RE:V- 1.511 ~~ ; ; 1C~-O~a SCHEDULE H ~ enns lvania P Y DEPARTMENT oF- REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Elizabeth M. Martin alk/a Elizabeth D. Martin 21-10-0235 Decedent's debts must be reported on Schedule I, ITEM NUMBER DESCRIPTION AMOUNT A, FUNERAL EXPENSES: 1. B, ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) _________ Street Address City _ _ __ _. _ __ .State __ __ _ ZIP - _ _ _-. Year(s) Commission Paid: _ ________ ______,_______ 7,400.00 2, Attorney Fees: 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) Claimant _- __ Street Address __ __. City ------ _ _-----___ -------__--- --_- -- State -------ZIP ___ _------ Relationship of Claimant to Decedent ___ 4. Probate Fees: 75.50 5. Accountant Fees: 6. Tax Return Preparer Fees: 135.00 ~. Legal Advertising - CCLJ $75.00 /Sentinel $166.30 241.30 a. Whisler Well Drilling - repair to house 221.55 9. Ronald Russell -lawn care for house 200.00 ~ o. Capital City Oil -fuel oil 249.00 ~ ~ . Adams Electric -electric bill 176.90 ~ 2. See attached continuation schedule 1,913.61 TOTAL (Also enter on Line 9, Recapitulation} I $ 10,612.86 If more space is needed, use additional sheets of paper of the same size. Continuation of Schedule H Estate of File Number Elizabeth M. Martin a/k/a Elizabeth D. Martin 21-10-0023 5 ITEM NUMBER DESCRIPTION AMOUNT 1. Attorney fee -Deed Prep 275.00 2. Notary Fee 20.00 3. County Real Estate Taxes - ($304.77 - $16b.16) 138.61 3. PA Realty Transfer Tax 1480.00 Total $ 1913.61 REV-15i?_ Eka (]?-0~> ~ enns lvania SCHEDULE I p Y DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Elizabeth M. Martin a/k/a Elizabeth D. Martin 21-10-0235 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (01-10} ~ Pennsylvania SCHEDULE DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Elizabeth M. Martin a/k!a Elizabeth D. Martin 21-10-0023 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec, 9116 (a) (1.2).] 1. Donald Boyne 5 Ladnor Lane, Carlisle, PA 17015 son 72808.37 2. Megan Boyne Chapones 8 Ladnor Lane, Carlisle, PA 17015 granddaughter 36404.18 3. Ann Marie Stouffer 111 Creamery Rd., Boiling Springs, PA 17007 granddaughter 36404.18 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET, AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN; 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. `$ If more space is needed, use additional sheets of paper of the same size. ~~ ~ ~~ a~c~.ARA~~a~ a~ -~Rr~~~- OvERV~Ew of PERTlhIENT tNFORMA.TfO~V THE tltfARTtN FAMIL'~( TRUST (. Initial Trustor and Trustees}: ROBERT C. [I~IART(N ELIZABETH D. C~IARTIN i(. Successor Trusteets}: DONALD BOYNE ANN MARIE STOUFFER [n the event of death or incapacitation of the Trustees}, the above named individuals are appointed to serve as Successor Trustees,, as specified in the Trust Agreement. (([. Trust Property: (nitiaf corpus of One Hundred Do[[ars x$100.00} and all assets listed in Schedules A, B, and C. TABLE ~F CONTENTS ARTICLE ONE ...........................................................................................................................................................................; TRUSTEE .................................................................................... ............................................................................................. J ARTICLE T1N0 ......................................................................................................................................................................... 5 TRUST ESTATE ........................................................................................................................................................................ $ ARTICLE THREE PAYMENT OF INCOME TO TRUST~RS .......................................................................................................................................5 PAYMENT OF PRINCIPAL TO TRUSTORS .................................................................................................................................. $ ARTICLE FOUR ........................................................................................................................................................................G MARRIED TRUSTC3R INCAPACITATED .......................................................................................................................................G ARTICLE FIVE ...........................................................................................................................................................................~ PAYMENTS TO OTHERS .................................................................................. ......... .G ARTICLE SIX .........................................................................................................................t .................................................... ADMINISTRATION OF ESTATE UPON THE DEATH OF THE DECEASED TRUSTOR ..................................................................... .6 PAYMENTS TO THE SURVIVING TRUSTOR ............................................................................................................................... .G ARTICLE SEVEN .............................._.....................,................................................................................................................ .7 TAX IMPLICATIONS ................................................................................................................................................................7 DIVISION O!= TRUST ESTATE ............................................................................._....,............,.................................................. ..7 OTHER TRUSTEE DUTIES AND POWERS .............................................................................................................._................. ..7 SURVIVOR'S TRUST `A' ......................................................................................................................................................... ..7 ('t) Right to lncome ................................................................................................................................................... ..8 (2) Right to Principal ................................................................................................................................................ ..5. (3) Right to 1t1/ithdraw Principaf .............................................................................................................................. ..8 (4} Control of Assets ................................................................................................................................................ ..8 {5) Right to Change Beneficiary ............................................................................................................................. ..8 (6} Distribution of Residue of Trust ....................................................................................................................... ..8 DECEDENT'S TRUST `B' ......................................................................................................................................................... ..8 ('i) Payment of Income ...................................................................................................................•......................... ..8 (2) Payment of Principat ...............................................•--........................................................................................ ..9 {3) Discretionary Payments .................................................................................................................................... ..9 {4) Control of Assets ................................................................................................................................................ ..9 (5} Distribution of Residue of Trust `B' ................................................................................................................. ..9 QUALIFIED TRUST `C' ........................................................................................ . ................................................................... ..9 {1) Right to Income ................................................................................................................................................. ..9 {2) Right to Principal ................................................................................................................................................ ..9 {3) Payment of Taxes and Expenses ................................................................................................................... ..9 {4} Valuation of Property ......................................................................................................................................... l 0 (5) Distribution of the Residue of Trust `C' .......................................................................................................... i 0 (6) Power Over Trust `C' .......................................................... ....... ......................................................................... to ARTICLE EIGHT ...................................................................................................................................................................... 10 SURVIVING TRUSTOR'S EXPENSES .........................................................................:.............................................................. l.0 DISTRIBUTION OF GIFTS .............................................................................................................. 1Q DIVISION INTO SHAE7t=S ......................................................................................................................................................... 10 ('I) Distribution on Beneficiary's Death ................................................................................................................ 10 (2} Distribution of Remainder .................................................................................................................................11 (3} Termination When Share is Sma[I ...................................................................................................................11 {4} Preventing Outright Distribution to Young Beneficiary......... ......................._.............................................11 ...................................................................11 {5} Distribution If Special Needs Trust Required_........ .................... (6} GSTT Provisions .................................................................................................................................................14 ARTICLE NINE ........................................................................................................................................................................14 REVOCATION BY BO'T'H SPOUSE'S DURING TRUSTOR'S .1OINT LIFE'fIMES ............................................................................. l~ AMENDMENT ..........................................................................................................................................................................1 ~ REVOCATION AND AMENDMENT BY SURVIVING "i"RUSTOR .....................................................................................................1~ ARTICLE TEtd ..........................................................................................................................................................................IS PROBATE COURT .IURiSDiCTION AVAILAl3LE ........................................................................................................................1 J WHO MAY INVOKE COURT.)URISQICTION ..............................................................................................................................1 ~ ARTICLE ELEVEN .................................................................................................................................................................IS TRUSTEE POWERS ................................................................................................................................................................ 1~ ('f } Broad Investment Powers, Diversification Not Required ........................................................................... l S (2) Power to Retain Property _... .............................................................................................................................. l G (3) Power to Purchase Bonds at Premium .............................................................................................~............ 1 b {4) Power to Purchase Bonds at Discount .......................................................................................................... 1.6 {5) Power to Retain or Purchase Unproductive Property ................................................................................. l fi {fi} Power to Manage Securities ............................................................................................................................. l fi (7) Power to Manage Trust Praperty............... ...................................................................................................... 16 (8} Power to Hold Securities in Nominee's Name .............................................................................................. 17 {9} Power to Sell, Exchange, Repair ...................................................................................................................... 1.7 (TO) Power to Lease, Including Oil and Mineral Deve[apment ...................................................................... 1.7 ('[ 1 } Power to Lend to Trustor's Probate Estate ............................................................................................... 17 (12} Power to Purchase Property from Estate ................................................................................................ I 7 {'I3) Power to Loan to, Buy From, and Seil to Trust ........................................................................................ 17 ('14} Power to Adjust for Tax Consequences ................................................................................................... 17 ('15) Power to Borrow ............................................................................................................................................. 17 ('16) Power to Initiate or Defend Litigation ........................................................................................................ 17 {17) Power to lnsure ............................................................................................................................................... 18 (18) Power to Withhold Payment if Conflicting Claims Arise.., ..................................................................... I S (~9) Power to Purchase Treasury Bonds .......................................................................................................... 1 ~ (20) Broad Powers of Distribution ...................................................................................................................... 18 (21) Broad Powers of Distribution .............................................................................................................._....... 14 (22} Accounting to Beneficiaries ......................................................................................................................... 19 (23) .................. Power to Purchase Options ............................................................................................. ....,..... l 9 {24) Power to Delegafe Authority ........................................................................................................................ 19 (2~) Limitation of Trus#ees Powers .................................................................................................................... 19 ARTICLE TWELVE ................................................................................................................................................................. 19 REVISED UNIFORM PRINCIPAL AND INCOME ACT 70 GOVERN ..............................................................................................19 UNDISTRIBUTED INCOME PAYABLE TO SUCCEEDING BENEFICIARIES ...................................................................................19 ALLOCATION OF EXPENSES AMONG SUCCESSIVE BENEFICIARIES .......................................................................................14 PHYSICAL DIVISION OF TRUST PROPERTY NOT REQUIRED ...................................................................................................20 ARTICLE THIRTEEN ....................................................,.........................................................................................................2U PRINCIPAL RESIDENCE OF TRU5TOR5..................... ........................................................_.....................................................~0 ARTICLE FOURTEEN ...........................................................................................................................................................zU 4~3 _ ADDITION OF PROPERTY TO TRUST .......................................................................................................................................?d SUBCHAPTER S CoRPORATION .............................................................................................................................................21 NOTICE OF OCCURRENCE .................. ........................................................................21 PERPETUITIES SAVINGS CLAUSE ..........................................................................................................................................21. SPENDTHRIFT CLAUSE .............................................................................................................................. . ? 1 CHOICE-oF-LAW CLAUSE ..................................................................................................................................................... 22 (1} Gender and Number ........................................................................................................................................... ?? (2) Headings ............................................................................................................................................................... ?~ {3) Articles .................................. ............................................................................................................................ ~~ {4) Statutes, Codes, and Regulations ................................................................................•---............................... 2? (5) Trustees and Fiduciaries ................................................................................................................................... 22 (6) Distribution by Representation ......................................................................................._............................... 22 ... {7) Shall and Illtay ................................................................................................................................................... ?? (8) Education ................................................._............................................................................................................ ?~ (9) Issue and Children .............................................................................................................................................. ?? ('i0) Spouse, Husband, or Wife ............................................................................................................................ 23 (91) Charitable flrganization ................................................................................................................................ 23 NO~CONTEST CLAUSE ........................................................................................................................................................ ?3 CLAIMS OF CREbiTORS ......................................................................................................................................................... ?3 SURVIVORSHIP PROVISIONS .................................................................................................................................................. 23 DISCLAIMERS ...... ................................................................................................................................................................... 23 POWERS OF APPOiNTMENT ....................................................................................................................................... ... 23 PAYMENTS TO BENEFICIARY UNDER DISABILITY OR TO A MINOR BENEFICIARY ................................................................... 2=1• ARTICLE FIFTEEN .................................................................................................................................................................24 RESIGNATION OF TRUSTEE ..................................................................................................................................................2=3• SUCCESSOR TRUSTEES' POWERS .......................................................................................................................................2~ TRUSTEE BONO .....................................................................................................................................................................?=~• TRUSTEE NOT LIABLE FOR ACTS OF OTHER TRUSTEE .........................................................................................................?~• SUCCESSOR TRUSTEE'S LIABILITY FOR PREDECESSORS ACTS ...........................................................................................3=F ARTICLE SIXTEEN .................................................................................................................................................................?5 ACCOUNTINGS TO BENEFiCiAR1ES .........................................................................................................................................?J ARTICLE SEVENTEEN ..........................................................................................................................................................?5 (ND1VlDUAL TRUSTEE'S COMPENSATION ...............................................................................................................................2~ ARTICLE EIGHTEEN ..............................................................................................................................................................3G NAME OF TRUST ....................................................................................................................................................................?6 1"RUST AGREE(ViENT THiS TRUSS AGREEIItfENT made this r ~ day of /~ Cj ~~~ r~ C~ , 20 ~ ~, between ROBERT C. MARTIN and ELIZABETH D. MARTIN, of the County of CUMBERLAND, Commonweat~h of Pennsylvania, herein designated as Trustors, and ROBERT C. MARTIN and ELIZABETH D. MARTIN, herein designated as Trustees. The term "Trustee(s)" shad include Co-Trustees. IT fS AGREED BETWEEN THE PART[E5 HERETO AS FOLLOWS: ARTICLE 1. Trustee. ROBERT C. MARTIN and ELIZABETH D. MARTIN (hereinafter collectively called fhe Trustees] declare that ROBERT C. MARTIN and ELIZABETH D. MART[hI ~calted fhe Trustors and sometimes referred to as husband and wife have transferred and delivered to the Trustee, without consideration, the property described in Schedule A, attached to this instrument. ARTICLE ll. Trust Estate. The trust estate sha11 consist of the initial corpus of One Hundred Dollars ($'E00.00) and all assets listed in the Assignment of Personal Property to Trustees, and related Schedules A, B, and C. All property subject to this instrument is referred to as the trust estate and shall be held, administered, and distributed according to this instrument. Trustors declare that all property described in Schedule A is their joint property and shall retain its character as such, notwithstanding the transfer to this trust; all property described in Schedule B is the separate property of Trustor, ROBERT C. MARTIN, and shall retain its character as such; and all property described in Schedule C is the separate property of Trustor, ELIZABETH D. MARTIN, and shall retain its character as such, notwithstanding the transfer to this trust. ARTICLE fll. Payment of Income to Trustors. During the Trustors' joint lifetimes, the Trustee shall pay to both spouses for the account of the joint, or shalt apply for the Trustors' benefit, as much of the net income of the joint estate as the Trustors demand in quarter-annual or mare frequent installments and shall accumulate and add to principal any undistributed net income. Pa~rment of Principal to Trustors. If the Trustee considers the net income insufficient, the Trustee shall pay to both spouses for the account of the joint, or apply for the Trustors' benefit, as much of the principal of the joint estate as is necessary in the Trustee's discretion for fhe Trustors' proper health, education, support, maintenance, comfort, and welfare, in accordance with their accustomed manner of living at the date of this instrument, without taking into consideration funds and assets available to them held free of this trust. The spouse receiving payments shalt have the same duty to use joint income and principal received under this instrument for the Trustors' benefit as he or she has for any other joint property. Any other income or principa( paid fa or for the Trustors' benefit or withdrawn by them shall continue to retain its character as joint or separate praperty. ARTICLE tV. [U{arried Trustor Incapacitated. If at any time, as certified in writing by two licensed physicians not related by blood or marriage to either Trustor or any beneficiary of this trust, either spouse has become physically or mentally incapacitated, whether or not a court of competent jurisdiction has declared him or her incompetent or mentally ill or has appointed a conservator, the Trustee shaft pay to the other spouse or apply for the benefit of either Trustor, first from the joint estate, and then from the separate estates of either or bath Trustors (in equal shares to the extent possible), the amounts of net income and principal necessary in the Trustee's discretion for the proper health, support, and maintenance, comfort, and welfare of both Trustors, in accordance with their accustomed manner of living at the date of this instrument, until the incapacitated Trustor, as certified by two licensed physicians not related by blood or marriage to either Trustor or to any beneficiary of this trust, is again able to manage his or her own affairs, or until the earlier death of either Trustor. The nonincapacitated spouse may also withdraw, from time to time, accumulated trust income and principal of joint praperty and of separate property contributed by that spouse. Income and principal from joint property so paid or withdrawn shall be held and administered as joint property by the nonincapacitated spouse. Any income in excess of the amounts applied for the benefit of the Trustors shalt be accumulated and added to principal of the joint or the separate estate, as the case may be. If a conservator is appointed for either Trustor, the Trustee shall take into account any payments made for that Trustor's benefit by such conservator. ARTICLE V. Payments to Others. The Trustors may at any time direct the Trustee in writing to pay single sums or periodic payments out of the trust estate to any other person or organization.. The Trustor who has contr"tbuted separate property may direct the Trustee in writing to pay single sums or periodic payments out of that separate property to any other person or organization. The Trustor's power to so direct the Trustee shat[ be personal to the Trustor, except that this power may be exercised by the Trustor's conservator to the extent that payments to one or more persons qualify for the annual federal gift tax exclusion. ARTICLE Vl. The first Trustor to die shall be called the Deceased Spouse and the remaining spouse shalt be called the Surviving Spouse. Administration of Estate Upan the Death of the Deceased Trustor. ~n the death of the Deceased Trustor, the Trustee shall continue to administer the trust estate, including any additions made to the trust by reason of the Deceased Trustor's death, such as from the Deceased Trustor's Will or life insurance policies on the Deceased Trustor's life. Payments to the Surviving Trustor. Payments to the Surviving Trustor, as specified in ARTICLE Vt. and ARTICLE Vtl., shall first be made from the Qualified Trust `C', if funded, and until 4-6 exhausted, or from the Survivor's Trust `A', until exhausted, and then from the Decedent's Trust `B'; hovrever, the rights to those payments are [invited by the terms of this ARTICLE vl. and ARTICLE Vii. In making any payments, the Trustee shat) also consider the Surviving Trustoe's other income, or resources outside the trust estate, which are known to the Trustee. ART[CLE VII. Tax Implications. to the administration of this Trust, the Trustee shall take such steps and exercise such elections, options, and choices in such a manner, in the Trustee's sole discretion, but using reasonable judgment, which includes receiving the advice of counsel, to minimize the effect of taxes of all kinds upon the estate of the Trust. A Trustee, including any Successor Trustee, shall have such limited power to modify this Trust as to bring the Trust or any trust created herein into compliance with any applicable section of the Internal Revenue Code and any Treasury Regulations, Revenue Rulings, or Revenue Procedures such that the Trustee may accomplish the objective of minimizing the taxes of any kind paid by the estate. No other types of modifications are permitted under this paragraph and its impact is to be strictly construed. Division of Trust Estate. fJn a periodic basis, and upon the death of any Trustor, the Trustee shall determine the dollar value of the Trust estate. The Trustee shat) determine the necessary changes, if any, that need to be made to the Trust to minimize the payment of estate taxes. The Trustee may divide the entire trust estate into as many separate trusts as is required to minimize the estate taxes, including, but not limited to, credit shelter trusts, trusts to accommodate the marital deduction, to qualify estate property as qualified terminable interest property, to accommodate as necessary any generation skipping tax, which, if imposed, should be taken out of the skip person's share, or to accommodate a charitable deduction. in the event that the two Trustors should die under circumstances in which the order of their deaths cannot be determined, then, in respect to the administration of the separate property of each Trustor (and in respect to the administration of one-half of any joint property), the Trustee shaft fund all of the 3rusts described herein to the extent necessary to minimize faxes and to preserve the rights of the beneficiaries. The Trustee may elect to fund only the Survivor's Trust `A' and the Decedent's Trust `B', and not the Qualified Trust `C', rather than alt three trusts. Other Trustee Duties and Powers. The Trustee shalt fund, manage, and control assets, make elections, pay income and/or principal or permit a withdrawal of principal, make discretionary payments, and distribute the residue of these trusts in accordance with the terms of the Trust Agreement and the applicable federat and state taxes codes such that the estate taxes to be paid are minimized, including generation skipping taxes. During the administration of these trusts, the Trustee may obtain legal counsel to aid in the administration of these trusts. If estate taxes are due, the Trustee shall pay the faxes from the Trust residue or, if necessary, from the specific bequests, prior to any distribution, on a pro rata basis, if possible. Survivor's Trust "A" . Survivor's Trust `A' shat) consist of the separate property of the Surviving Trustor and the Surviving Trustor's share of any joint property. In addition, Survivor`s Trust `A' shall consist of the amount of the decedent's separate property or share of joint property in excess of the amount allocated to Trust `B', but only to the extent that the amount of decedent's property allocated to Trust `A' does not exceed ten per cent t't d%j of the excess over the amount thereof allocated to Trust `B'. No property shall be allocated or distributed to Trust `A' that does not qualify for the estate tax marital deduction as defined by the Internal Revenue Code. Upon creation of this Trust, Survivor's Trust `A' shat) remain revocable during the life of the Surviving Trustor. Upon the death of the Surviving Trustor this share shall become irrevocable. The said Survivor's Trust `A' shall be held, administered and distributed as follows: {'1} Right to Income. - At death, the Trustee shat! pay to or apply for the benefit of the Surviving Trustor during his lifetime a!1 of the net income from Trust `A' in convenient installments but no Less frequently than quarterly. {2} Right to Principal - to addition, the Trustee may pay to or apply for the benefit of the Surviving Trustor such sums from the principal of Trust `A' as in his sole discretion shalt be necessary or advisable from time to time for the health, education, support, and maintenance of the Surviving Trustor, faking into consideration to the extent the Trustee deems advisable, any other income or resources of the Surviving Trustor known to the Trustee. (3} Right to Withdraw Principal -The Surviving Trustor may, at any Time during his lifetime and from tune to time, withdraw all or any part of the principal of Trust `A', free of trust, by delivering to the Trustee an instrument in writing, duty signed by the Surviving Trustor, describing the property or portion thereof desired to be withdrawn. Upon receipt of such instrument, the Trustee shall thereupon convey and deliver to the Surviving Trustor, free of trust, the property described in such instrument. {4} Control of Assets -The Surviving Trustor may, at any time by written notice, require the Trustee either to make any nonproductive property of this Trust productive or to convert productive property to nonproductive property, each within a reasonable time. The Surviving Trustor may further require the Trustee to invest part or alt of this share of the Trust Assets for the purpose of maximizing income rather than growth or growth rather than income. {5) Right to Change Beneficiary -The Surviving Trustor retains the right to change the beneficiaries of Trust `A'. (fi} Distribution of Residue of Trust `A' -The balance of the principal of Trust `A' shall be distributed in accordance with The provisions specified in ARTICLE Vtlt. as modified by any change the Surviving Trustor has made to the beneficiaries. Decedent's Trust "B" Decedent's Trust `B' shaft consist of a one-half (1!2} interest in the joint property of the trust estate and the separate property of the Decedent, Decedent's marital share shall be placed into Decedent's Trust `B'. Upon creation of such Trust share, Decedent's Trust `B' is irrevocable. The Trustee shall have the sole discretion to select that portion of the joint assets that shall be included in Decedent's Trust `B'. If the Trustee etecis to create and fund the Qualified Trust `C', Trust `B' shall have a value equal to the largest amount, after allowing for the Unified Tax Credit, or exctusian amount, against the Federal Estate Tax and for any state death credit against such tax (but only to the extent that the use of such credit does not increase the death tax payable to any state},. which will not result in a Federal Estate Tax being imposed on the estate of the deceased Trustor. If permifted by applicable tax taw, the Trustee may elect a different fiscal year for Decedent's Trust `B'. Decedent's Trust `B' sha[I be held, administered, and distributed, and the Surviving Trustor's right to payment from is limited, as follows: {'I} Payment of tncome -Commencing with the date of the death of the first to die of the Trustors and during the lifetime of the Surviving Trustor, the Trustee shall pay to or apply for the benefit of the Surviving Trustor all the net income from Trust `B' in convenient instaflments but no less frequently than quarterly. {2} Payment of Principal- -The Trustee may pay to or apply for the benefit of the Surviving Trustor, during his lifetime, such sums from the principal o€ Trust `B' as in the Trustee's sole discretion shall be necessary or advisable from time to time for the health, education, support, and maintenance of the Surviving Trustor, taking into consideration to the extent the Trustee deems advisable, any other income or resources of the Surviving Trustor known to the Trustee. {3} Discretionary Payments - to addition to the income and discretionary payments of principal from this Trust, there shall be paid to the Surviving Trustor, during his lifetime, from the principal of this Trust, upon the Surviving Trustoe's written request, during the last month of each fiscal year of the Trust an amount not to exceed five thousand {$5,000} dollars or five {5°/a} percent of the aggregate value of the principa[ for such fiscal year, whichever is greater, This right of withdrawal is non-cumulative, so that if the Surviving Trustor does not withdraw during such fiscal year, the full amount to which he is entitled under this paragraph, his right to withdraw the amount not withdrawn shall [apse at the end of that fisca[ year. (4) Contra[ of Assets -The Surviving Trustor may, at any Time by wriften notice, require the Trustee either to make any nonproductive property of this Trusfi productive or to convert productive property to nonproductive property, each within a reasonable time. The Surviving Trustor may further require the Trustee to invest part or all, of this share of Trust Assets for the purpose of maximizing income rather than growth or growth rather than income. {5} Distribution of Residue of Trust `B' -The balance of the principal of Trust `B' shall be distributed in accordance with the provisions of ART[CLE Vtlt. Qualified Trust "C" [f the Trustee elects to create and fund the Qualified Trusfi `C', Qualified Trust `C' shall consist of that portion, if any, of the trust estate wh[ch exceeds the total of the amounts thereof allocated to Survivor's Trust `A' and to Decedent's Trust `B'. Upon creation of such Trust share, Qualified Trust `C' shall be irrevocable. This trust shall be administered, and the Surviving Trustoe's right to payment from is limited, as follows: ('t} Right to lncome -Commencing as of the date of the death of the first to die of the Trustors and during the I[fet[me of the Surviving Trustor, the Trustee shall distribute to the Surviving Trustor the entire net income of the Trust in convenient installments, at Least as frequently as quarterly. (2} Right to Principal -The Trustee shalt distribute to the Surviving Trustor as much of the principa[ of the Trust as he may direct in writing, except that the total of distributions under this clause to the Surviving Trustor in any calendar year shall not exceed in value the greater of $5,000 or 5% of the total value of the .principal of this trust as of the end of that year. The right of withdrawal pursuant to-this clause shat[ expire an the day preceding the date of death of the Surviving Trustor. The Trustee shall also distribute to the Surviving Trustor so much or all of the principal of the Trust as the Trustee from time to time believes to be desirable for the health, education, support, and maintenance of the Surviving Trustor. {3) Payment of Taxes and Expenses -Upon the death of fhe Surviving Trustor the Trustee shall pay from the remaining principal of the Trust, directly to the appropriate governmental agency, the amount by which the estate taxes shat[ be increased because the trust is included [n the gross estate of the Surviving Trustor. __ ,. _ .__ ............._....,....,...4.9 (4) Valuation of Property. For purposes of funding Trust `C', property allocated in kind shall be valued at the date of its allocation to the Trust and alt property or proceeds of property not allocated to Trust ',a' or to Trust'B', shall be allocated to this Trust'C'. {5) Distribution of the Residue of Trust `C' -The balance of the principa{ of Trust `G' shat{ be distributed in accordance with the provisions of ARTICLE VIt{. {G) Power Over Trust `C' -The Trustee shall have such powers and shalt make such elections as rriay be required so as to qualify the assets assigned to Trust `C' as qualified terminable interest property under the applicable provisions of the Internal Revenue Code, Section 205G(b)(7), and any Treasury Regulations, Revenue Rulings, or Revenue Procedures that interpret that Section of the Code. ARTICLE Vilt. Surviving Trustor's Expenses. C)n the Surviving Trustoe's death, and subject to any power of appointment exercised by the survivor, the Trustee may in the Trustee's discretion pay out of the principal of the Qualified Trust `C', or if it has been exhausted, of the Survivor's Trust `A', the Surviving Trustor's debts outstanding at the time of his or her dea#h and not barred by the statute of limitation, Statute of Frauds, or any other provision of taw, Last illness and funeral expenses, attorneys' fees, other probate expenses, and estate and inheritance taxes, including interest and penalties arising on the Surviving Trustor's death. Distribution of Gifts. Upon the death of the Surviving Trustor, the Trustee shat! distribute gifts of trust property pursuant to the Directives to the Successor Trustee, and also as follows: CHASE STOUFFER is to receive any financials investments put in his name. ff any beneficiary named in this ARTECLE VI[t. Distribution of Gifts is not then living, the gift tv such deceased beneficiary shall be distributed according to the provisions set forth in the following paragraphs of Phis ARTICLE VIII. hereinbeiow. Division Into Shares. The Trustee shall divide the Survivor's Trust 'A', unless modified, the Decedent's Trust 'B', and the Qualified Trust 'C' into four {4) equal shares and distribute two {2) shares to DONALD BONNE and one {'f}share each to At~6N 11llARlE STOUFFER and MEGAN i30YNE, subject to paragraphs (1) -- (fi) hereinbetow. {'i) Distribution on Beneficiary's Death. Except as otherwise provided in the foregoing paragraph, if any beneficiary named in this section to receive the specific bequests, the residue of the trust or the beneficiaries receiving the property described in the Directives To Successor Trustee, fails to survive the Surviving Trustor, the deceased beneficiary's share of the trust shall be distributed to the deceased beneficiary's Living issue, per stirpes. if a beneficiary named in this section to ceceive the residue of the trust faits to survive the Surviving Trustor and leaves no living issue of his or her own, the deceased beneficiary's share of the residue of the trust shalt augment proportionately the shares of the residue of the trust distributed to the other surviving beneficiaries. _ . ,_ _ __ _ ,.... ,, , . _,... 4-10 ~2) Distribution of Remainder. If at any time before full distribution of the trust estate both Trustors, the beneficiaries, and all of their issue are deceased and no other disposition of the property is directed by this instrument, the remaining portion of the trust shall then be distributed, one half to the legal heirs of the husband, and one half to the Legal heirs of the wife, the identity and respective shares of those heirs to be determined in all respects as though the death of husband or wife, as the case may be, had occurred immediately following the event requiring distribution, and shall be determined according to the laws of intestate succession of the Commonwealth of Pennsylvania then in force. {3} Termination When Share is Small. If the trust share held for any benefciary who is over 25 years has a total value at the end of any calendar year of less than $9~,DOO.UU, the Trustee in the Trustee's discretion may distribute the entire trust estate to that beneficiary and may terminate the trust as it relates to that beneficiary. {4} Preventing outright Distribution to `~oung Benefcianr. If any beneficiary entitled to outright distribution of a trust or of a portion of a trust is under age 25, the Trustee shall hold and administer the beneficiary's portion of the trust estate for his or her benefit. Income of the property retained in trust shall be added to principal, and the Trustee shall pay to or apply for the benefit of the beneficiary as much of the beneficiary's trust as the Trustee in the Trustee's discretion considers necessary for the beneficiary's proper health, education, support, and maintenance. When the beneficiary attains the age of 25, the Trustee shall distribute to tl~e beneficiary alt property retained in trust for his or her benefit. (5} Distribution If Special Needs Trust Required. In the event any beneficiary entitled to receive a distribution from the trust estate is also receiving government benefits that would impair the beneficiary's continued right to receive the government benefits, then the funds that were to be distributed to the beneficiary shall instead be held, administered, and distributed by the Trustee for the benefit, welfare, and education of the beneficiary, pursuant to the provisions set forth below. a. The primary beneficiary of this trust has a disability that substantially impairs the beneficiary's ability to provide for the benefciary's own care or custody and constitutes a substantial handicap. The purpose of this trust is to provide fnanciai aid that is supplemental to, rather than a replacement for, government benefits provided to the beneficiary, without disturbing government benefits that would be available to the beneficiary if the trust did not exist. The Trustee shat! hold, administer, and distribute a!I property allocated to the trust for the benefit of the following beneficiary during the beneficiary's lifetime, unless this trust is earlier terminated. b. In accordance with the purpose of this trust and subject to the guidelines provided below, the Trustee may pay to or apply for the benefit of the beneficiary as much of the trust net income as the Trustee determines, in the Trustee's sole discretion, to be necessary or desirable to meet the beneficiary's special needs. "Special needs" are items or services that the Trustee considers necessary for the beneficiary's health, protection, and welfare and that .cannot, in the Trustee's opinion, be provided by grants, services, and supplies available through any public agency, office, or department of Pennsylvania, any other state, or the United States. "Special needs" may include funds, items, or services that enhance the beneficiary's quality of life. Examples of funds, items, or services meeting special needs are incidental spending money, travel funds, personal items such as radios and televisions, gifts on the beneficiary`s behalf to friends and relatives, a paid companion, health care services, supplies, and special equipment, training _.. , _. ................... programs, and rehabilitation supplemental to those that the beneficiary is entitled to receive under a government assistance program. The Trustee is neither obligated nor compelled to make any distribution. Any undistributed income sf~all be accumulated and added to principal. c. The Trustee shall seek support and maintenance for the beneficiary from all available public resources, including but not limited to Social Security payments, Supplemental Security income, Social Security Disability Insurance, Veterans Administration benefits of every kind, Medicaid {or similar state Medicaid} payments. if the Trustee receives government assistance benefits on the beneficiary's behalf, the Trustee shall collect, expend, and account for those benefits separately from, and not commingle them with, ail other assets of this trust. d. The Trustee shall not use or distribute trust assets that will: (i} Make the beneficiary ineligible for public benefits otherwise available to the beneficiary from any public agency, office, or department of Pennsylvania, any other state, or the United States; (ii) Cause the trust assets to bear all or part of any costs of treatment, equipment, or other assistance that would otherwise be paid by a government agency or benefits program; or (iii} Pay for services, including residential care, rendered to the beneficiary by any government agency or unit. e. The Trustee shall not reimburse from frust assets any amounts claimed by any government agency for material goods, services, or funds provided to the beneficiary. f. Por purposes of determining the beneficiary's Medicaid eligibility, no part of the principal or undistributed income of the trust estate shall be considered available to the beneficiary. The Trustee shall deny any beneficiary request for the Trustee to (~) release principal or income of the trust to or on behalf of the beneficiary to pay for equipment, medication, or services that Medicaid could provide if the trust did not exist; or (2} petition the court or any other administrative agency for the release of trust principal or income for this purpose. The Trustee may, in the Trustee's discretion, take necessary administrative or legal steps to protect the beneficiary's Medicaid eligibility, including obtaining a ruling from a court of competent jurisdiction that the trust principal is not "available" to the benefciary for purposes of determining Medicaid eligibility. Expenses for this purpose, including reasonable aftorney fees, will be a proper charge to the trust estate. A[I references in this instrument to "Medicaid "include any other state's Medicaid program equivalent. g. l~lo interest in the principal or income of this trust .may be anticipated, assigned, encumbered, or subject to any creditor's claim or to legal process before actual receipt by the beneficiary. Because this trust is intended to be conserved and maintained for the beneficiary's special needs, no part of the trust principa! or income may be subject to the claims of voluntary or involuntary creditors for any costs incurred or sums expended by any public agency, office, or department of Pennsylvania, any other state, or the United States, for the provision of care and services (including residential care} to or for the beneficiary (whether prospectively or in reimbursement}. The beneficiary of the trust has a disability that substantially impairs the _. ._ ,. ,...4=12......., , . beneficiary's ability to provide for the beneficiary's own care or custody and constitutes a substantial handicap. h. If a court or government agency determines in the Trustee's opinion that the trust renders the beneficiary ineltgibte for government benefits for which the beneficiary would be eligibte if the trust did not exist, the Trustee shall evaluate the financial loss caused to the beneficiary by the beneficiary's ineligibility for government benefits as compared to the financial gain to the beneficiary resulting from the trust's continued operation, to determine whether to maintain the trust in operation or to terminate the trust. If the Trustee determines that the benefits conferred by the trust do not outweigh the detriment caused by the loss of government benefits, the Trustee may, in the Trustee's sole discretion, terminate the trust and distribute the trust assets according to the provisions below. i. The Trustee shat) terminate this trust and distribute its assets as provided in subparagraph t. if: {i) A court of competent jurisdiction issues an order compelling the Trustee to reimburse a government agency for payments made, services rendered, or mater'sats supplied tv or for the beneficiary by that agency; or (ii} The Trustee determines, in the Trustee`s sole discretion, that the trust may be subject to garnishment, attachment, or execution by any creditor (including a government agency) and that no appeal or any other legal remedy can defeat the order for reimbursement or anticipated garnishment, attachment, or execution, or that legal challenge to that order, garnishment, attachment, or execution would be excessively costly to the trust in view of the then-remaining trust assets and the needs of any other beneficiary. j. If the trust Terminates during the beneficiary's lifetime, the Trustee sha(I, after paying the expenses of trust administration and termination, distribute the remaining trust principal, together with any undistributed income, as designated in subparagraph t. hereinbelow. Each person receiving property is requested, but not directed, to conserve, manage, and distribute the proceeds of the former trust estate for the benefit of the former benefciary of the trust, in accordance with the provisions set forth in this trust for administration and distribution of the trust assets while the original beneficiary was beneficiary of this trust. k. The Trustee may, in the Trustee's discretion, pay last illness and funeral expenses, any death taxes attributable to any part of the trust estate, and expenses from the administration or distribution of the trust estate. The Trustee shall not pay expenses for which, in the Trustee's- opinion, there is an adequate source of payment outside the trust. The Trustee shall also not pay expenses incurred by or on behalf of the beneficiary during the beneficiary's life if a government benefits program was obligated to meet those expenses while the beneficiary was alive. I. At the death of The beneficiary, the Trustee shalt distribute any remaining balance of the trust estate {including accrued income and undistributed income) to one or more of the group consisting of the ctass specified below, on such terms and conditions {outrighf, intrust, or by creating further powers of appointment} as the beneficiary shall appoint in a valid will or inter vivos document executed after the Trustor's death, specifically referring to and exercising this power of appointment. If the beneficiary does not effectively appoint atl the trust estate, the Trustee shall distribute the trust property amongst the beneficiary's issue, per stirpes, and if-none, then to the Trustor's issue, per stirpes. (fi) GSTT Provisions. The Trustee has the authority to allocate any portion or all of a Trustor's generation skipping tax exemption (hereinafter "exemption"} provided under the Internal Revenue Service Code. The trustee may allocate the exemption fo any property as to which that Trustor is the transferor, including any property transferred by the Trustor during that Trustor's lifetime as to which that Trustor did not make any such allocation prior to that Trustor's death. The Trustee has the authority to make the special election under 26 U.S.C. § 2fi52{a}(3} and any other applicable generation skipping tax election. If the Internal Revenue Service code is interpreted in such a way as to deny the Trustee the power to allocate, or exercise any election, the Trustee is expressly authorized to instruct the Trustor's Executor to allocate the exemption or exercise the election. To avoid creating a partially exempt trust, the Trustee may divide any trust created hereunder to permit an allocation of the exemption solely to one trust that would be entirely exempt from the generation skipping transfer tax (hereinafter the "tax"). The trustee may divide the trust into two separate trusts of equal or unequal value so that one trust will have an inclusion ratio of zero and the other trust will have an inclusion ratio of one. if the Trustee adds property to a trust that is exempt, and the addition wou{d partially subject the trust to the tax, the Trustee may hold the property in a separate trust in lieu of making the addition. Except as otherwise provided in this Trust, any trusts created by dividing another trust shall have the same terms and conditions as this Trust. With respect to each trust, the Trustee may (1) make different tax elections for each trust; {2} expend the principal and exercise discretionary powers differently with respect to each separate trust; and (3} invest the principal differently in each trust.. Upon any distribution, if a generation skipping transfer tax is payable by a beneficiary, the Trustee shall charge the tax to the trust to which the tax relates. If any termination of an interest in the trust property is a taxable termination subject to the fax, the trustee shall pay the tax from the portion of the property, or trust, to which the tax relates, without adjustment of the relative interests of the beneficiaries. ARTICLE lX. Revocation by Bath Spouses During Trustors' Joint Lifetimes. During the Trustors` joint lifetimes, this trust may be revoked in whole or iri part: with respect to joint property, by a written instrument signed by either Trustor and delivered to the Trustee and the other Trustor; and with respect to separate property, by a written instrument signed by the Trustor who contributed that property to the trust and delivered to the Trustee. On revocation, the Trustee shall promptly deliver to the Trustors all or the designated portion of the joint property trust assets. All joint property delivered to the Trustors on revocation shalt continue to be the joint property of the Trustors and shall be held and administered as joint property. Qn revocation, the Trustee shall promptly deliver to the contributing Trustor ail or the designated portion of any separate property. If this instrument is revoked with respect to all or a major portion of the assets subject to the instrument, the Trustee shall be entitled to retain sufficient assets reasonably necessary to secure payment of liabilities the Trustee has lawfully incurred in administering the trust, including Trustee"s fees That have been earned, unless the Trustors indemnify the Trustee against loss or expense. Amendment. The Trustors may at any time during their joint lifetimes amend any Perms of this trust by written instrument signed by both Trustors and delivered to the Trustee. No __ ., , _. ... _ , ,. _14 amendment shat! substantially increase the Trustee's duties or liabiiities or change the Trustee`s compensation without the Trustee's consent, nor shail the Trustee be obligated to act under such an amendment unless the Trustee accepts it. if a Trustee is removed as a result of refusal to accept an amendment, the Trustors shall pay to the Trustee any sums due and shalt indemnify the Trustee against liabiiify the Trustee has {awfully incurred in administering the trust. Revocation and Amendment by Surviving Trustor. On the deceased spouse's death, the Surviving Trustor may amend, revoke, or terminate the Survivor's Trust `A', but the Decedent's Trust `B' and the Qualif[ed Trust `C', if created and funded, may not be amended, revoked, or terminated. €~n the Surviving Trustor's death, none or the trusts may be amended, revoked, or terminated. Qn revocation or termination of the Survivor's Trust `A', ail of its assets shat! be delivered to the Surviving Trustor. if th"rs instrument is revoked with respect to a[I or a major portion of the assets in the Survivor's Trust "A", the Trustee shall be entitled to retain sufficient assets reasonably necessary to secure payment of liabilities the Trustee have Lawfully incurred in administering the (rust, including Trustee's fees that have been earned, unless the Trustors indemnify the Trustee against Loss or expense. ARTICLE X. Probate Court Jurisdiction Available. Pennsylvania Statutes authorizing optional Superior Court jurisdiction aver living trusts hereby are made expressly applicable to all trusts created by this declaration of Trust. Pennsylvania Probate Code authorizing court jurisdiction over revocable trusts apply to all trusts created under the terms of this instrument. Who Niay invoke Court Jurisdiction. After the death of both Trustors, only the Trustee and any adult person entitled to current income distribution or to current distribution of income or principal at the Trustee's discretion may invoke the court's jurisdiction. ARTICLE ~I. Trustee Powers. Except as set forth herein, a Trustee has the power and authority to manage and control, buy, sell, and transfer the trust property, in such manner as the Trustee may deem advisable and shall have, enjoy and exercise all powers and rights aver and concerning said property and the proceeds thereof as fully and amply as though said Trustee were the absolute and qualified owner of the same. Additionally, and without limitation, to carry out the provisions of the trusts created by this instrument, the Trustee shall have the following powers in addition to those now or later conferred by law: (~) Broad Investment Powers, Diversification plot required. To invest and reinvest all or any part of the trust estate in any common or preferred stocks, shares of investment trusts and investment companies, bonds, debentures, mortgages, deeds of trust, mortgage participations, notes, real estate, or other property the Trustee in the Trustee's discretion select. The Trus#ee may continue to hold in the form in which received {or the form to which changed by reorganization, split-up stock dividend, or other tike occurrence) any securities or other property the Trustee may at any time acquire under this trust, it being the Trustors' express desire and intention that the Trustee shat( have full power to invest and reinvest the trust funds without being restricted to forms of investment that the Trustee may otherwise be permitted to make by taw, and __,. ,_. ,, 4~5 the investments need not be diversified provided, however, the aggregate return of a!t investments of the trust €rom time to films shalt be reasonable in tight of then existing circumstances. (2) Power to Retain Property. To continue to hold any property, including any shares of the Trustee's own stock, and to operate at the risk of the trust estate any business that the Trustee receives or acquires under the trust as tong as the Trustee considers advisable. (3} Power to Purchase Bonds at Premium. To purchase bonds and to pay any premiums connected with the purchase that the Trustee in the Trustee's discretion considers advisable, provided, however, each premium is repaid periodically to principal from the interest on the bond in a reasonable manner as the Trustee determine and, to the extent necessary, from the proceeds on the sate or other disposition of the bond. (4) Power to Purchase Bonds at Discount. To purchase bonds at a discount as the Trustee in the Trustee's discretion considers advisable. lf, however, the Trustee determines in the Trustee's discretion that the current yield on the bonds is materially Less than the rate of return that the trust could otherwise obtain with equivalent safety, alt or a portion of the discount shall be credited periodically to income of the trust in a reasonable manner as the Trustee determine and, to the extent necessary, paid from the proceeds on the sate or other disposition of the bond or from principal. (5) Power to Retain or Purchase Unproductive Property. To retain, purchase, or otherwise acquire unproductive property. (6) Power to Manacle Securities, To have alt the rights, powers, and privileges of an owner of the securities held in trust, including, but not limited to, the powers to vote, give proxies, and pay assessments, to participate in voting trusts, pooling agreements, foreclosure, reorganizations, consolidations, mergers, and Liquidations and, incident to such participation, to deposit securities with and Transfer title to any protective or other committee on any terms the Trustee considers advisable, and to exercise or sett stock subscription or conversion rights. (7) Power to Manage Trust Property. To manage, control, improve, maintain, sell, convey, exchange, partition, divide, improve and repair all real and personal trust property, subdivide or develop land, make or obtain the vacation of plats and adjust boundaries, or adjust differences in valuation on exchange or partition by giving or receiving consideration, and dedicate land or easements to public use with our without consideration, make ordinary or extraordinary repairs or alterations in buildings or other trust property, demolish any improvements, raze existing party walls or buildings, and erect new party walls or buildings, as the Trustee deems advisable, to grant options and to self upon deferred payments, to lease for terms within or extending beyond the duration of the trust, for any purpose, including exploration for and removal of oil, gas and other minerals, to enter into oil, gas and mineral teases, assignments, farm outs, farm ins, and joint ventures, to purchase and sett gas, oil and mineral royalties, to create restrictions, easements, and other servitudes, employ and discharge agents and employees, including but not Limited to aftorneys, accountants, investment and other advisers, custodians of assets, property managers, real estate agents and brokers, and appraisers, to advise and assist the trustee in the management of any trusts created under this trust instrument, and compensate them from the trust property, to institute, compromise, arbitrate, defend or otherwise adjust claims in favor of or against the trust, and to carry such insurance as the Trustee may deem advisable. __ ...,.. 4-16 .... (8) Power to Hold Securities _in Nominee's Name. To hold securit'[es or other property in the Trustee`s names, as Trustee under this trust, in the Trustee's own names or in a nominee's name, or to hold securities unregistered in suct~t condition that ownership wil! pass by deliver}. (9) Power to Se[[, Exchanges and Repair. To manage, control, grant options on, sell (for cash or on deferred payments), convey, exchange, partition, divide, improve, and repair trust property. (10} Power to Lease, lncludinq Qil and Mineral Development. To tease trust property for terms within or beyond the term of the trust far any purpose, including exploration for and removal of gas, oil, and other minerals, and to enter into joint oil [eases, pooling, and unitization agreements, (1'f) Power to Lend to Trustor's Probate Estate. To tend money to any person, including the probate estate of either Trustor, provided any such loan shaft be adequately secured and shalt bear a reasonable rate of interest. (~2) Power #o Purchase Property from Estate. To purchase property at its fair market value, as determined by the Trustee in the Trustee`s discretion, from the probate estate of either Trustor. (~[3} Power to Loan to, Buy Frorn, and Sell to Trust. To loan or advance the Trustee's own funds to the trust for any trust purpose, with interest at current rates, to receive security for such loans in the form of a mortgage, pledge, deed of trust, or other encumbrance of any assets of the trust, to purchase assets of the trust at their fair market value as determined by an independent appraisal of those assets, and to sell property to the trust at a price not in excess of its fair market value as deterrn'[ned by an independent appraisal. (14} Power to Adjust for Tax Consequences. To take any action and to make any election, in the Trustee's discretion, to minim[ae the tax liabilities of this trust and its beneficiaries. The Trustee shall have the power to allocate the tax liability among the various beneficiaries, and shalt have the power to make adjustments in the r[gh#s of any beneficiaries, or between the income and principal accounts to compensate for the consequences of any tax election that the Trustee believes has had the effect of directly or indirectly preferring one beneficiary or group of beneficiaries over others. (15} Power to Borrow. To borrow money and to encumber trust property by mortgage, deed of trust, pledge, or otherwise, for the debts of the trust or the joint debts of the trust and a co-owner of the property in which the #rust has an interest, or for a Trustoe's debts, to guarantee a Trustoe's debts, ('{6) Power to Initiate or Defend Litter Lion. To initiate or defend, at the expense of the trust, any litigation relating to the trust or any property of the trust estate the Trustee considers advisable, and to compromise or otherwise adjus# any claims or litigation against or in favor of the Trust. .... ........... . 4-17 _.. (17) Power to Insure. To carry insurance of the kinds and in the amounts the Trustee considers advisable, at the expense of the trust, to protect the trust estate and the Trustee personally against any hazard. (18) Power to Withhold Payment if Conf(icting Claims Arise. To withhold from distribution, in the Trustee's discretion, at the time far distribution of any property in any trust, without the payment of interest, aU or any pact of the property, if the Trustee determines in the Trustee's discretion that the property may be subject fio conflicting claims, to tax deficiencies, or to liabilities, contingent or otherwise. (~9) Power to Purchase Treasury Bonds. To purchase in the Trustee's discretion at Less than par obligations of the United States of America that are redeemable at par in payment of any federal estate tax liability of either Trustor in the amounts the Trustee considers advisable. For that purpose the Trustee may partition a portion of the joint property of the trust estate and make the purchases from either or both portions. The Trustee shall exercise the Trustee's discretion and purchase these obligations if the Trustee believes that either Trustor is in substantial danger of death, and may borrow funds and give security for that purpose. The Trustee shall resolve any doubt concerning the desirability of making the purchase and its amount in favor of making the purchase and in purchasing a larger, even though somewhat excessive amount. The Trustee shall not be [fable to either Trustor, any heir of either Trustor, or any beneficiary of this trust for losses resulting from purchases made in good faith. Notwithstanding anything in this instrument to the contrary, the Trustee is directed to pay the federal estate fax due on either Trustoe's death in an amount not less than the par value plus accrued interest of the obligations that are eligible for redemption to pay the deceased Trustoe's federal estate taxes, without apportionment or charge against any beneficiary of the trust estate or transferee of property passing outside the trust estate. The legal representative of the deceased Trustoe's estate, or if none was appointed, the Trustee acting under this instrument, shall select the redemption date of these obligations. The direction to use accrued interest on Treasury bonds to pay death taxes shall nat deprive the Surviving Trustor of any income to which the spouse may be entitled under the provisions of the Survivor's Trust `A' created under this instrument, and this income shall be considered in determining the amount of income allocable to that trust. (20) Power to 1111ake a Gift. A Trustee may make a gift directly from the Trust estate to a donee. A Trustee has the power to withhold any estate tax that may be due upon any distribution of the estate. (2~1) Broad Powers of Distribution. To partition, allot, and distribute the trust estate on any division or partial or final distribution of the trust estate, in undivided interests or in kind, or partly in money and partly in kind, at valuations determined by the Trustee, and to sell any property the Trustee considers necessary for division or distribution. in making any division or partial or final distribution of the (rust estate, the Trustee is not obligated to make a pro rata division or to distribute the same assets to beneficiaries similarly situated. The Trustee may, in the Trustee's discretion, make anon-pro rata division between trusts or shares and non-pro rata distributions to the beneficiaries if the respective assets allocated to separate trusts or shares, or distributed to the beneficiaries, have equivalent or proportionate fair market value and income tax bases. (22) Accounting to Beneficiaries. The Trustee shall account to the adult beneficiaries of the trusts created by this instrument and, to the extent permitted by law, the written approval of the adult beneficiaries shall bind minor and contingent remainder interests. (23) Power to Purchase Options. The Trustee shaft also have the power to establish and maintain margin accounts, and to buy or sett options, puts, and calls. (24) Power to Delegate Authority. To delegate to any person the authority to give instructions to any broker or transfer agent. (25} Limitation of Trustees Powers. if under state law any transaction, i.e., a transfer or encumbrance of joint teat property, would have required the signatures of both Trustors to be effective, then, white Living, willing and having capacity, both Trustors/Trustees must sign for the same transaction to be effective under this Trust. C}therwise a single Trustee's signature is effective. ARTICLE Xtl. Revised Uniform Principal and Income Act to Govern. Except as otherwise specifically provided in this instrument, the determination of alt matters with respect to what is principal and income of the trust estate and the apportionment and allocation of receipts and expenses between these accounts shat[ be governed by the provisions of the Pennsylvania Revised Uniform Principal and Income Act from time to time existing. The Trustee in the Trustee's discretion shall determine any matter not provided for either in this instrument or in the Pennsylvania Revised Uniform Principal and Income Act. Notwithstanding any other provision of this Instrument or of the Pennsylvania Revised Uniform Principal and Income Act, the Trustee must establish a reserve for depreciation of all income-producing teat and personal property and of capita{ improvements and extraordinary repairs. A reasonable reserve for depletion of a[I depletable natural resources, including, but not limited to, oil, gas, and mineral and timber property, shall be charged to Income from time to time. Distributions by mutual funds and similar entities of gains from the sate or other disposition of property shall be credited to principal. A reasonable reserve for amortization of alt intangible property with a limited economic life including, but not limited to, patent and copyrights shall be charged to income from time to time. Undistributed Income Payab[e to Succeeding Beneficiaries. Income accrued or unpaid on trust property when received into the trust shall be treated as any other income. Income accrued or held undistributed by the Trustee at the termination of any trust created under this instrument, other than any trust that may be a qualified terminable interest property trust, shall go to the next beneficiaries of the trust in proportion fo their interest in it. Income accrued or held in trust on the termination of a qualified terminable interest property trust shalt go to the beneficiary of that trust immediately before the termination or to his or her estate. This provtsion shall not apply to income accrued on Treasury bonds redeemed in payment of the Trustor`s federal estate tax. At(ocation of Expenses Amonct Successive Beneficiaries. Among successive benefciaries of this trust, all taxes and other current expenses shall be deemed to have been paid and charged to the period in which they were paid. ,.. ... , .... 1 _ . ,...., Physical Division of Trust Property Not Required. The Trustee need not physically segregate or divide the various trusts, except when segregation or division is required because one of the trusts terminates, but fife Trustee shall keep separate accounts for the different trusts. ARTICLE Xlll. Principal Residence of Trusfors. if the home occupied by the Trusfiors as their principal residence is a part of the Trust Estate or is disfiribufied to the Trustee, fihe Trustee is authorized and directed to allow the Trusfors, or the Surviving Trustor, to use and occupy it as his or her residence without payment of rent during his or her lifetime or as long as he or she desires to do so. The Trustee shall pay the taxes, assessments, mortgage payments, insurance, mainfienance costs, ordinary repairs and replacements, and reasonable improvements for the home during its occupancy by the Trusfors, or the Surviving Trustor, out of the income or principal of the Trust Estate as the Trustee in its sole discretion shall determine. With the wriften consent of the Trusfors, or the Surviving Trustor, or when he ar she ceases to occupy the home, the Trustee may sell it and, on his or her written request, the sale proceeds shall be used by the Trustee to purchase, acquire, or build a substantially similar home, or, if the Trusfors, or the Surviving Trustor, desires, a home of lesser value, taking title in the name of the Trustee and allowing the Trusfors, or the Surviving Trustor, to occupy the home on the hereinabove terms. If the Trusfors, or the Surviving Trustor, does not request the acquisition of another home, or if the sale proceeds exceed the reacquisition costs, the Trustee shall invest such proceeds of any such sale and shall administer and distribute the income and principal of such funds under fihe fierms of this Trust, exclusive of this paragraph. The word "home", as used in this paragraph, means the home originally distributed to the Trustee and any other home acquired in Heu thereof. ARTICLE DIV. p-ddition of Property to Trust. Other property acceptable to the Trustee may be added to these trusts by any person, by the wills or codicils of either Trustor, by the proceeds of any life insurance, or otherwise. Unless otherwise specified in this instrument or in any instrument of transfer, any addition to any trust that has been subdivided into multiple trusts shall augment proportionately the trusfis into which such trust has been.divided. Any addition to a trust that at such time has been wholly distributed shall be distributed to the beneficiary of such trust or, if he or she shall not be living, to his or her then-living issue, per stirpes, on the principle of representation. Any addition to a trust that at such time has been partially distributed shall augment proportionately the distributed and undistributed portions of such trust. Any addition to a trust over which a power of appointment has been exercised shall be held in a separate trust or distributed as if the power had not been exercised, unless the instrument exercising that power specifies the manner in which a subsequent addition to the trust shall be distributed. As used in this instrument, the term "proportionately" shall mean equally with respect fio a!1 trusts set aside for the Trusfors' children and, with respect to the trusts for grandchildren into which a trust for a deceased child has been divided, shall refer to a fractional part of the (rust set aside for that child, the numerator of which fraction shall be one, and the denominator of which shall be the number of trusts into which the deceased child's trust shall be divided from time to time, Comparable principles shall apply with respect to other beneficiaries. Subchapter S Corporation. The Trustee shall segregate from the other assets of the Trust and treat and administer as a separate trust for each beneficiary or distribute outright: ('[) any stock of a corporation which elects or has elected treatment as an "S Gorporation" as defined by Section X361 {a} ('l} of the Internal Revenue Cade {or any corresponding successor statute}; or {2} any stock where the ownership by a Trust or Trustee of such stock by any statute or law impacts the ability of the Trustee to legally administer such stock. All other provisions of this Trust Agreement will apply to each share held in trust except that each trust shall be administered in a manner consistent with allowing each separate trust to cLualify and be treated as a "Qualified Subchapter S Trust" {QSST} under Sections ~ 3fi'l (b} and 136'1 (d} of the Internal Revenue Code (or any corresponding successor statute) or, if other stock, the applicable code section {or any corresponding successor statute}. Notice of Occurrence. Unless the Trustee has received actual written notice of the occurrence of an event affecting the beneficial interests of this trust, the Trustee shalt nat be liable to any beneficiary of this trust for distribution made as though the event had not occurred, provided this clause shall not exculpate the Trustee from [iab'rlity arising from nonpayment of death or generation skipping -taxes that may be payable by the trust on occurrence of an event affecting the beneficial interests of this trust. Perpetuities Savings Clause. Notwithstanding any other provision of this instrument, the trusts created hereunder shall vest in and be distributed to the persons then entitled to the income from such property within the time period specified under Pennsylvania Statutes, as amended, unless vested sooner as provided in this instrument. Spendthrift Clause. No interest in the principal or income of any trust created under this instrument shall be anticipated, assigned, encumbered, or subjected to creditor's claim or legal process before actua{ receipt by the beneficiary. If the creditor of any beneficiary {other than ROBERT C. MARTIN or ELIZABETH D. MARTIN and the Surviving Trustor with respect to the Survivor's Trust) who is entitled to any distributions from a trust established under this instrument attempts by any means to subject to the satisfaction of his or her claim that beneficiary's interest in any distribution, then, notwithstanding any other provision in this instrument, unfit the release of the writ of attachment or garnishment or other process, the distribution set aside for such beneficiary shat! be disposed of as follows: (1} The Trustee shall pay to or apply for the benefit of the beneficiary all sums the Trustee determines to be necessary for the reasonable health, education {including study at an institution of higher Learning or vocational school), and support of the beneficiary according to his or her accustomed mode of life; and {2} The portion of the distribution that the Trustee determines to exceed the amount necessary for health, education {including study at an institution of higher learning or vocational school}, and support shall in the Trustee's discretion either be added to and become principal in whole or in part or be paid to or applied for the benefit of the other beneficiaries then entitled to receive payments from any trust established under this instrument, in proportion to their respective interests in the trust estate; or, if there are no other beneficiaries, the excess income may be paid to or applied for the benefit of the person ar persons presumptively entitled to the next eventual interest, in proportion to their respective interest in the trust. _, ,. _: ,.., 4-2 7 Choice-of--Law Clause. The validity of this (rust and the construe#ion of its beneficial provisions shall be governed by the laws of the Commonwealth of Pennsylvania in force from time to time. This Paragraph shall apply regardless of any change of residence of a Trustee or any beneficiary, or the appointment of substitution of a Trustee residing or doing business in another state. Notwithstanding the foregoing, the validity and construction of this trust in relation to any real property located in a jurisdiction outside the Commonwealth of Pennsylvania shalt be determined under the laws of such jurisdiction. if the situs or place of administration of the trust is changed fo ano#her state, the law of that state shall govern the administration of the trust. Miscellaneous Definitions: (1) Gender and Number. [n this instrument, in all rnatfers of interpretation, whenever necessary to give effect to any provision of this instrument, the masculine shat! include the feminine and neuter and vice versa, the singular shat! include the plural, and the plural shat[ include the singular. (2} Headings. The headings, titles, and subtitles are inserted solely for convenient reference and shall be ignored in any construction of Phis instrument. (3) Articles. Whenever this document refers to a ~ provision contained in a specific article, the reference shall be fo that article of Phis instrument. {4} Sta#utes, Codes, and Regu[afions. A,il references to specific statutes, codes, or regulations shall include any successors. The term "Internal Revenue Code" shat! refer to the Internal Revenue Code of 1954, as amended from time to Time, and fo any successor statute to if. (5) Trustees and Fiduciaries. AI! references to Trustees, Special Trustees, or any other fiduciary shall refer to the individuals or institutions serving from time to time in such capacity under this instrument. (6} Distribution by Representation. Whenever Phis instrument directs that distributions be made to the Trustars' then-living issue, per stirpes, distributions shah be made in equal shares fo the Trustors' children, excluding each child who is trot living on the happening of the event requiring distribution and who has no issue then living, but including, the then-living issue of each deceased child, per stirpes. (7) Shari and IVlay. The use of the word "shall" indica#es a mandatory decision, while the use of the word "may" indicates a permissive, but not mandatory, grant of authority. (8} Education. Whenever provision is made to pay for the education of a beneficiary, the Perm "education" shall include vocational school, college, and postgraduate study, if in the Trustee's discretion it is pursued to advantage by the beneficiary, at an institution of the beneficiary's choice. In determining payments to be made to the beneficiary for education, the Trustee shall consider the beneficiary's reasonable related living and traveling expenses. (9} Issue and Children. In this instrument, ache term "issue" refers to lawful lineal descendants of al! degrees, and the terms "child", "children", and "issue" include adopted children who were minors at the date of adoption. The terms "issue", "child", and "children" include a child born out of wedlock if a parent-child relationship existed between the child and his or her deceased parent, determined under Pennsylvania taw. {'! 0} Spouse. Husbands or Wife. References in this trust to a person's spouse, husband, or wife shalt mean any individual who is that person's Then lawfully married spouse (determined by the laws of the jurisdiction in which the person then resides), except that an individual shat{ not be considered a spouse, husband, or wife unless that individual is tieing with the person as husband or wife (disregarding temporary absences due to vacation, illness, or ather emergency} at the time i# is necessary to determine the individual's status as a spouse, husband, or wife. The Perm "spouse", "husband", or "wife" also shall include a widow or widower, if that :~d~id~..,-~s-reel~in#~e-~i~e-ef-~e-~€eeea~ed~e~e~de$~r •; `he-de or wife (disregarding temporary absences due to vacation, illness, or other erriergency). This determination shall be made in the Trustee's discretion. {'! ~!} Charitable t7rganization. As used in this instrument, the term "charitable Q ~L , lnterna! Revenue Code No-Contest Clause. if any beneficiary under this trust, singly or in conjunction with any other person or persons, contests in any court the validity of this trust or of a deceased Trustor's last will or seeks to obtain an adjudication in any proceeding in any court that this trust or any of its provisions or that such will or any of its provisions is void, or seeks otherwise to void, nullify, or set aside this trust or any of its provisions, then that person's right to take any interest given to him or her by this trust shall be determined as it would have been determined if the person had predeceased the execution of this declaration of trust without surviving issue. The provisions of this paragraph shall not apply to any disclaimer by any person of any benefit under this trust or under any wilt. The Trustee is hereby authorized to defend, at the expense of the trust estate, any contest or other attack of any nature on this trust or any of its provisions. Claims of Creditors. The Trustee shat! not be personally liable to any creditor or to any other person for making distributions from any trust under the terrrts of this instrument if the Trustee has no notice of the claim of such creditor. Survivorship Provisions. Except as otherwise specifically provided in this instrument, if any person named herein fails to survive a Trustor for thirty days, for alt purposes of this trust, the person shaft be considered to have predeceased the Trustor. Disclaimers. Any beneficiary shalt have the right to disclaim all or any part of any interest in property to which he or she may be enlisted under this instrument. Except as otherwise provided here, any interest so disclaimed shall be distributed as if the beneficiary predeceased the Trustors. No other interest of the beneficiary shall be affected by the disc[airner, unless that interest also shall be disclaimed. Powers of Appointment. Except as otherwise specifically provided herein, alt provisions of this instrument regarding distribution of any trust shat! be subject to the exercise of any power of appointment over the trust given under thts instrument. lf, on the expiration of six months after the death of any person holding a power of appointment given him or her in this instrument, no instrument purporting to exercise that power has been brought to the attention of the Trustee after reasonable investigation, any property may be distributed according to the terms of this __. _ __-__ _~ _ -4-23 instrument as if fhe power had not been exercised. if a document purporting to exercise the power shah be located later, the Trustee shall not be tiabie to the appointees under the exercise, and the rights of the appointees and the persons receiving property from the Trustee shall be governed by applicable law. Any power of appointment given herein may be exercised by the beneficiary of the power even if the assets constituting the trust over which the power is exercised have not been received by the Trustee on the date of the death of the beneficiary. Any exercise of a lifetime power of appointment sha{i be implemented immediately on the exercise of the power. A testamentary power shaft not apply to any property over which a beneficiary has exercised his or her lifetime power. A testamentary power shall be considered to have been exercised only if, by specific reference to the power in his or her will or codicil, a beneficiary has expressed an intention to exercise it. Pa~~ments to Beneficiary Under Disability or to a [Illinor Beneficiary. Payments to any beneficiary who is a minor or is under any other disability may be made for fhe beneficiary's account to the beneficiary's conservator, guardian of the person, custodian under the Uniform s f ~ may be applied for the beneficiary's benefit. Sums may be paid directly to minor beneficiaries who, in the fiduciaries' judgment, have attained sufficient age and discretion to render it probable That such sums wilt be properly expended. No bond or other security shall be required of any such payee. No distribution under this instrument to or for the benefit of a minor beneficiary shat! discharge the legal obligation of the beneficiary`s parents to support him or her in accordance with fhe taws of the state of the parents' domicile from time to fime, unless a court of competent jurisdiction determines that this distribution is necessary for the minor's support, health, or education. ARTICLE XV. Resignation of Trustee. If ROBERT C. IVIARTlN or ELIZABETH D. MARTIN for any reason ceases to act as Trustee, the survivor shalt act as sole Trustee. If both ROBERT C. MARTIN and ELIZABETH D. MARTIN cease to act as Trustee, the Successor Trustee is designated as DONALD BOYNE. Upon removal of DONALD BOYhiE as Trustee, the Successor Trustee is designated as ANN (MARIE STOUFFER. Successor Trustees' Powers . All trust powers, art property rights, titles and interests held by the original Trustees} or a Successor Trustee(s) inure to the Successor Trustee(s) upon a Successor Trustees} succession under this Trust. Trustee Bond. (~o bond shall be required of any person named in this instrument as Trustee, or of any person appointed as the Trustee in the manner specified in fihis instrument, for the faithful performance of his or her duties as Trustee. Trustee Not Liable for Acts of Other Trustee. No Trustee shall be liable or responsible for any act, omission, or default of any other Trustee, provided the Trustee has no knowledge of facts that might reasonably be expected to put the Trustee on notice of it. Successor Trustee's Liability for Predecessor's Acts. No Successor Trustee shaft be liable for any act, omission, or default of a predecessor Trustee. Unless requested in writing within 60 days of appointment by an adu{t beneficiary of the trust, no Successor Trustee shall have any duty to investigate or review any action of a predecessor Trustee. The Successor Trustee may accept the accounting records of the predecessor Trustee showing assets on hand without further investigation and without incurring any liability to any person claiming or having an interest in the trust. ARTICLE XVI. Accountings to Beneficiaries. During either Trustor`s lifetime, the Trustee shah account only to the Trustors or the survivor, and their written approval shall be fnai and conclusive for transactions disclosed in the account concerning aIi beneficiaries of the trust, including unborn, unascerfiained, and contingent beneficiaries. After the death of both Trusters, the Trustee shall render, besides any accounting required under Pennsylvania Statutes, an accounting, from time fo time but not less frequently Phan every two ~2} years after any prior accounting, regarding the transactions of any trust created in this instrument. Accounting shall also be rendered by any r-~e~--TrasEee-'~-rep~rese~rttattve-w~iti a , disability, or removal by a court of competent jurisdiction. Accountings shall be made by delivering a written accounting to each beneficiary entitled to current income distribution, or if there are no current income beneficiaries, to each beneficiary entitled to current distribution from income or principal in the Trustee's discretion. If any person entitled to receive an accounting is a minor or is disabled, the accounting shall be delivered to his or her parents or the guardian of his or her person if a minor or to the guardian or conservator of his or her person if disabled. Unless any beneficiary, including parents, guardians, or conservators of beneficiaries, shall deliver a written objection to the Trustee v~-ithin 90 days after receipt of the Trustee's account, the account shad be final and conclusive for transactions disclosed in the account concerning all beneficiaries of the trust, including unborn, unascertained, and contingent beneficiaries. After settlement of the account by agreement of the parties objecting to it or by e~:piration of the 90-day period, the Trustee shaft no longer be liable to any beneficiary of the trust, including unborn, unascertained, and contingent beneficiaries, for transactions disclosed in the account, except for the Trustee's intentional wrongdoing or fraud. ARTICLE XVII. Trustee`s Compensation. The Trustee shall be entitled to reic~cburse himself or herself far any expenses of the trust that he or she has paid. The Trustee shaft receive as compensation for services, unless waived, such amount of cacYCmissions as are customarily being charged by commercial trust companies for services as a trus~ee of an inter oleos trust in the Commonwealth of Pennsylvania. ~kRT[CLE XV[!!. Name of Trust. The gusts created in this instrument may be referc-ed to co[[ective[y as THE MART[N FAMILY TRUST. Executed at ~ 1~ ,c.~. tr. t S ~-•~ Penns [vania on Phis ~ y day of ~ ~ ~! ~ ~t ~.~ , 20 ~ ~ . TRUSTEES: BERT C. N[ARTIN - ~ //``' ', ELIZA~ETH D. MAR7W ,. ,... _ We certify that we have read the foregoing declaration of trust and That it correctly states the Perms and conditions under which the trust estate is fo be held, managed, and disposed of by the Trustee. We approve the declaration of trust in alt particulars and request that the Trustees execute if. DATED fihis f' y day of ~ ~ u ~ }~~ ~ C~~--..- , 20 n ~c? TRU~~'ORS: ~~ ~ ~l:~G~~~ ROBERT C. IUTARTIN EL(ZA H D. NiART[N CONIIVIONtIVEALTH OF PENNSYLVANIA } ss. COUNTY OF ~-- u >•~-~ r~J E ~L. i..-,h ..~ D ) On ' ~ ` f ~~ ~ ~° before me, ~ C) ,~ .~ C.~ ~ -~` ~"`~ ,personally appeared ROBERT C. CVIARTIN and ELIZABETH D, NIART[N, personally known to me (or proved to me on the basis of satisfactory evidence} to be the persons whose names are subscribed to the within insfirumenf and acknowledged fo me that they executed the same in their authorized capacities, and that by (heir signatures on the instrument the persons or the entity upon behalf of which the persons acted, executed the instrurnenfi. My Commission ,~ Expires: '~- t~otary Public uu~v1MU14WF,~L•1-H t7~ f~i~Nhlc~~`(,y~NIA No art ial S~oai~ Aonatd W, Patten, Notary ptr5gc Warwick Twp., t_ancasterCoUnty IU1y Cotnmissio~ Expires Apr 22, 2t?i0 Member, Pennsylvania AssocT~tio~ of Notaries ,. _. - . ,....,. :,:, 1:, -- ~ _ { ~ _.. „ ~ ~ _ 1- w mar= ~ ~V ~ .~ , L. s This document prepared by Name: Michael Nahas Address: 301 Grant St, Ste 4300 Ciry, State, Zip: Pittsburgh, PA 15219 Phone: 412-657-9409 Return To: Name: Donahue Ramadan Address: 23411 Jefferson Ave, Ste 107 City, State, Zip: St Clair Shores, MI 48080 ~~v~ G~~ 5 F~i~l 1i `~8 PIN: 05-0421-033 ~ - --------Above This Line Reserved For Official Use Only QUITCLAIM DEED Made the ~ ~ day of /l) ~ ~ ~ ~ ~ 'F~ , in the year TWO THOUSAND SIX (2006). ._. Between ROBERT C. MARTIN and ELIZABETH D. MARTIN, his wife, of 497 RUN ROAD, CARLISLE;, PA 17015, hereinafter called Grantor, And THE MARTIN FAMILY TRUST, dated ~ ~ - 1 `f" - ~ ~ , of 497 RUN ROAD, CARLISLE, PA 17015, hereinafter called Grantee Witnesseth, that the said Grantors in consideration of the sum of ONE and 00/100 DOLLAR paid to the Grantors by the Grantees; the receipt of which is hereby acknowledged, Grantors da remise, release, anti quit-claim unto the said Grantees, or their heirs and assigns, forever. ALL those certain tracts of land situate in Lower Frankford Township, Cumberland County, Pennsylvania, bounded and described as follows: TRACT NO. I- BEG~G at a stone; thence South 74 degrees West 23 perches to a stone by land now or formerly of C. W. Warner and Tract No. 2 hereinafter described; thence by land now or formerly of M. G. Jumper, South 15 '/~ degrees West 16 perches to a Hickory thence South 8 degrees East 8.5 perches to a post; thence by land now or formerly of W. Hollenbaugh, North 74 !/z degrees East 33 perches to a stone; thence by land now or formerly of D. E. Gensler; North 10 degrees West 32.6 perches to the Place of Beginning; containing 6 Acres 18 perches, more or less. TRACT NO. 2- BEGINNING at a post at a comer of land now or formerly of M. G. Jumper and Tract No. I above described; thence by said Tract No. 1, North 78 degrees East 10.5 perches to a post; thence by land now or forrerly of C. W. Warner, Borth 52 degrees West 17.8 perches to a stone; thence by land naw or formerly of M. G. 3umper, South 16 '/ degrees East 13.6 perches to to the Place of Beginning; containing 71 perches more or less. e~o~. ;~ ~'~" ~~ ~~' ~4.~9~. s This transfer is a transfer for no consideration to a trustee of an ordinary trust and is therefore exempt from the Pennsylvania Realty Transfer Tax Act as per 72 P.S. 8102-C.3(8). With appurtenances, TO HAVE AND TO HOLD all the estate, right, title, interest, property, claim and demand whatsoever of the said Grantors to and for the use of the said Grantees, or their heirs and assigns forever. IN WITNESS WHEREOF, the said Grantors have hereunto set hand and seal the day and year first above w' e OBERT C. MARTIN • r EL ETH D. MAR NOTICE: TAE UNDERSIGNED, AS EVIDENCED BY TAE SIGNATURES TO THIS NOTICE AND THE ACCEPTANCE AND RECORDING OF THIS DEED, ARE FULLY COGNIZANT OF THE FACT THAT THE UNDERSIGNED MAY NOT BE OBTAINIIVG TAE RIGHT OF PROTECTION AGAINST SUBSIDENCE, AS TO THE PROPERTY AEREIN CONVEYED, RESULTING FROM COAL MINING OPERATIONS, AND THAT THE PURCHASE PROPERTY, AEREIN CONVEYED, AY BE PROTECTED FORM DAMAGE DUE TO THE MINE SUBSIDENCE BY A PRIVATE CONTRACT WITH THE OWNERS OF THE ECONOMIC INTEREST IN THE COAL. THIS NOTICE IS INSERTED HEREIN TO COMPLY WITH THE BITUMINOUS MINE SUBSIDENCE AND LAND CONSERVATION ACT OF 1966. G~,~~'~ ERT C. MARTIN EL ETH D. M T goox 277 ~~c~$29~ a COMMONWEALTH OF PENNSYLVANIA ) )SS: COUNTY OF CUMBERLAND ) On this the J ~ day of Ili O ~ -~wk ~j Cti., , A.D., 2006, before me a notary public, the undersigned officer, personally appeared ROBERT C. MARTINand ELIZABETH D. MARTIN known to me (or satisfactorily proven) to be the person whose names subscribed to the within instrument and acknowledged that they executed the same for the purposes therein contained. tru ~ ~ ~~~~EOI~F, I hereunto set my hand and official al. Aoriald Wt, ~lic Warwick Twp., Y ~Gbtrlmi9~0~Apr 2~2D10 ~ Notary Public ~'lember, pennsylva"1a Asaoci$r~o of Notarl6a . CERTIFICATE OF RESIDENCE We hereby certify that the precise residence of the Grantees herein is as follows: 497 RUN R CARLISL A 17415, . ~i ~~ ROBERT C. MARTINand ELIZABETH D. MARTIN WHEN RECORDED, MAIL TO: ROBERT C. MARTINand ELIZABETH D. MARTIN 497 RUN ROAD, CARLISLE, PA 17015, Rdnak! W Patron, Nosy pt~ Warwick Twp., der ~~ ~Ytrbmmission 6q~ir+e~gpr 22, 20t0 Member, Ponbsylvania Aeaod~o o! Notailes t Certify this to be recor;led 1n Cumberland County PA .., r ~ .4 ~ ~ •:,~.. ;~~F: .. '~~~v .. Recor~'er o ~ ~ceds ~OQK ~'l"j PAGE~2~~ .a .,, , .. REV•1B3 EX (11-D4) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES REALTY TRANSFER TAX RECORD_ER_'S_LISE ONf.Y State Tax Paid STATEMENT OF VALUE Book Number .--~" ~~ PO BOX 280603 I See Reverse for Instructions I Date Recorded ~~ ~ ~ _ ,~(„ HARRISBURG PA 17128-0603 LJ~ Complete each section and file in duplicate with Recorder of Deeds when (1} the full value/consideration is not set forth in the deed, (2) when the deed is without consideration, or by gift, or (3) a tax exemption is claimed. A Statement of Value is not required if the transfer is wholly exempt from tax based on: (1) faatiiy relationship or (2} public utility easement. if more space is needed, attach additional sheet(s). A. CORRESPONDENT -All inquiries may be directed to the following person: Name Telephone Number: Michael Nahas Street Address City State Zap Code 1055 Westlakes Drive 3rd Floor Berwyn PA 19312 B. TRANSFER DATA Date of Acce Lance of Document Grantor{s)/Lessor(s) Grantee{s)/Lessee(s) Robert C. ~ Elizabeth C. Martin the Martin Family trust Street Address ____ _ Street Address 497 Run Road 497 Run Road City State _ Zip Code City ~ State Zip Code Carlisle PA 17015 Carlisle PA 17015 D. VALUATION DATA C. PROPERTY LOCATION Street Address City, Township, Borough ~- 497 Run Road Township of Lower Frankford County 5cho istrict ~ Tax Parcel Number Bucks 1 ~ ~ ~- S ~ti •,~ ~ S I 05-0421-033 1. Actual Cash Consideration 2. Other Consideration 3. Total Consideration 1.00 + 0.00 = 1.00 4. County Assessed Value i 5. Common Level Ratio Factor fi. Fair Market Value ~ //2 7Zp X1.14 = ~ /2~ a1 E. EXEMPTION DATA 1a. Amount of Exemption Claimed { 1t). Percentage of Interest Conveyed 100% 2. Check Appropriate Box Below for Exemption Claimed ^ Will or intestate succession __ (Name of Decedent) (Estate File Number) ^ Transfer to Industrial Development Agency. ® Transfer to a trust. (Attach complete copy of trust agreement identifying all beneficiaries.) ^ Transfer between principal and agent. (Attach complete copy of agency/straw party agreement.) ^ Transfers to the Commonwealth, the United States and Instrumentalities by gift, dedication, condemnation or in lieu of condemnation. (If condemnation or in lieu of condemnation, attach copy of resolution.) ^ Transfer from mortgagor to a holder of a mortgage in default. Mortgage Book Number ,Page Number ^ Corrective or confirmatory deed. (Attach complete copy of the prior deed being corrected or confirmed.} ^ Statutory corporate consolidation, merger or division. (Attach copy of articles.) ^ Other (Please explain exemption claimed, if other than fisted above.) Under penalties of law, I declare that 1 have examined this Statement, including accompanying information, and to the best of my knowledge and belief, it is true, correct and complete. Date ~-- FAILURE TO COMPLETE TH15 FORM PRO LY OR ATTi~CH AI'lPLICABLE DOCUMEHT~4TIOt~ Ni~;.Y RESULT In THE RECOR©ER'S REFUSAL TO RECD HE DEED. a001f `~"~ PAGE~2~ Continuation of Schedule H Estate of File Number Elizabeth M. Martin a/k/a Elizabeth D. Martin 21-10-0023 5 ITEM NUMBER DESCRIPTION AMOUNT 1. Attorney fee -Deed Prep 275.00 2. Notary Fee 20.00 3. County Real Estate Taxes - ($304.77 - $166.16) 138.61 3. PA Realty Transfer Tax 1480.00 Total $ 1913.61 OMB Approval No. 2502-0265 J ...~~~, fy~' b+ (I~~l~l'`~ A. Settlement Statement (HUD-1) ~ ~ . 1. / FHA 2. RHS 3. ^ ^ ^Conv. Unins. 6. File Number. 7. Loan Number. B. Mortgage Insurance Case Number: 4. ^VA 5. []Conv. Ins. MS26679 000002478 446-0213526-703 C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D. Name 8 Address of Borrower: E. Name & Address of Seller: F. Name d Address of Lender: JENNIFER R. CAMPBELL THE MARTIN FAMILY TRUST ORRSTOWN HANK 4347 CARLISLE ROAD 497 RUN ROAD 2695 PHILADELPHIA AVENUE GARONERS, PA 17324 CARLISLE, PA 17015 CHAMBERSBURG, PA 17201 G. Property Location: H. Settlement Agent MADISON SETTLEMENT SERVICES I. Settlement Date 497 RUN ROAD 8 IRVINE ROW, CARLISLE, PA 17013 6!1512010 CARLISLE, PA 17015 (CUMBERLAND) (717) 243-2121 (14-05-0421-033, LOWER FRANKFORD TOWNSHIP) Place Of Settlement: 8 IRVINE ROW, CARLISLE, PA 17013 100: GrossAmounf f)ue From Borrower 400:; Gross Amount Due To Seller ' , , , 101:.CanVact safes price: $148,000.00 401': .Contract 'sales price $148,000.00 102.:Persorial Property 402::Personal Property ;' 103: Settlement Charges to Borrower:(Iine 1400) $9,418.43 403:'- 104: - 404..' ' -- 105. 405. ' , Adjustments for items paid b seller in advance Adjustments for items paid by eller in advance 106. Cityltown taxes 406`';Ci /towrr axes 107: County taxes 6/15/2010'to 12!3112010 @'$304:7ZlYear $166.16 407.! County taxes 6/15/2010 to 12/31/2010 @ $304:77/Year $166.16 108,'Assessments' 408. Assessments 109. School Tax'6/15/2010 to 6/30/2010@ $1;608.44/Year $66.10 409` SchooLTax'6115/2010 to 613012010 @ $1,608.44/Year _ - $66.10 110„ 410.'. 111. 411. -- 112. 412; ' , 120:: Gross Amount Due From Borrower $157,650.69 420,;Gross Amount Due To:SeNer $148,232.26 200.~Amounts Paid 6 Or In Behalf Of Borrower " ,~; SOO. Reductions In Amount Due 7rs Seger' `;` 201? Depositor Earnest Money $500.00 501:`Excess deposit see'ihstructions) $500.00 202.' Principal amount o1 new loan $146,013.00 502; Settlementi,Charges: o Sellee (line 1400) $1,850.00 203. Existing loan(s),taken subject to 503: ExisGri',loan(sJ takenaub'ect to 204. 504:.Pa off,of;firstlnort a eloan'- 205. 505:' Payoff of second mortgage loan 206. 506: 207. 507.> - 208.. 508. 209_ ,; 509. - ' Adjustments for items unpaid by;seller ; Ad'ustmentsfor items un aid b';seller 210;: City/town taxes 510: City{town axes 211.:County taxes 511. Coun ;taxes 212: Assessments 512:Assessments. ' _ 213. 513.. 214 514 215: 515. 216:. 516, -- 217. 517: 218; 518.' 219. 519: 220. Total Paid'BylFor Borrower $146,513.00 520.!Total Reduction A mount Due Seller $2,350.00 300. Cash~At Settlement FromlTc Borrower„ 600:1Cash,At;Settlement TolFrom SHler ' 301. Gross Amount Due From Borrower (line .120) $157,650.69 601. Gross Ariiount Due To Seller: line 420) ,.. $148,232.26 302: Less Arnounts Paid ByiFor Borrower (line 220) $146,513.00 602:'Less Deduction inAmt. Due'To Seller'(Iine 520) ' ' $2,350.00 303. Cash ^/ From []ToBorrower $11,137.69 603.,Cash ,/^To ^FrornSeller $145,882.26 Previous editions are obsolete Page 1 of 2 06/15/2010 03:58 PM HUD-1 . ~• 700'.'Total Rt:al Estate Broker Fees ~ - Paid From. Paid~From~ Divisioeof Commission (line 700) as:follows: Borrower's s;Seilers 701. Funds at Funds at \; 702; Settlement Settlement `` 703., Commission-paid at Settlement - Z04. 800:-Items Pa a6le~ln'Connectiori<With Loam . 801..Qur origination charg'e:$600.00 (from GFE #1j', 802. Yotir credit Ar chargi::(points) foc he specifidintere§t rate chosen . (froin.GFE #2) ' _ 803.:Your.adjusted'origination charges (from GFE A) $600.00 804: A praisaffee to DA' Potts Ap jai§a15erVice from GFE'#3 $425.00 805. GreditReportto CBC'INNOVIS,iNC (from GFE#3) $18.15 _ 806. Tax service to Orrstown Bank- (from GFE#3) _ $75.00 807:-Flood Certification to CBC INNOVIS;-INC. {from GFE #3) $10.00 900'Itt:ms.R' ' wired 6 .Leerier 7o'.Se,Paid'In'Advatici: `= ~ ~ s 901. Daily interestbharges from.6l15/2010 to'7l1(2010. @ 21:0019Iday to Orrstown-Bank ' (from GFE #10) $336.00 902; Mortgage insurance premium for12,00`months to 0~rstown l3ank (from GFE #3) $3,213.00 903: Homeowner's insurance for 12:00 months to Erie Insurance Group POG $438:00'6 bti er)' ` ' - from GFE #11 1000:'Reserves,'De osdedWitti.LenBer' 1001.Initial deposit for your'escrow account (from GF5#9) $1,769.53 1002: Homeowners insurance 4.00, months ' $36.50 per month.$146.00 1003'Mort e;insurance ;months:: $65,03!per month 9a9 @. _ 1004. Property taxes 7.OO,mpnths @'$ $25.40; per month":$177.80 1005'School Tax94.00 months' $131,3ti'per`month!$1;839.04 1007. A r ate Adjustment ($393:31) 1100', T.itie Chid es .:: , ,. , , -.. _ : 1101: 'title services and lender's title: insurance (from GFE #4) $322.00 $295.00 1102: Settlement or closin fee to Madisorr5ettlement Services ': $72:00 1103: Ownerstitle insurance to (From GFE #5} $1,098.75 1104: Lendel's,title'insuranceto '$150:00 __ 1105: Lenders title policylirnit '$1411,013.00 1106:iOvrners:titlepolic limit ;$148,000:00 1107.:Agent's portion of the total ti11i:'insurance premium~to Madison Settlement Services '`,$1;061:44 ' _ 1108:;Undenrvriters portioeof.the.tota! title insurancepremium to'Old"Republic National.Title•Insurance,Cornpany , $187.31 1109. CPL to Old: Republic National Title Insurance Company `$75.00 _ 1110: Notary Fee;,to,Dawn fvl: Shoop.;; $45;00 1111. Attorney Fees to Baric Scherer;Law Office .$275:00 1200:Governmeet Re"cording and7raesftzrCharges ,' 1201. Governmenfrecording charges (from GFE;#7 $146.00 1202; Deed'$6200 'Mortgage $84:00 Releases $ _ 1203::Transfec axes (from GFE #8) $1,480.00 $1,480.00 1209: CitylCounty tax/stamps Deed'$1,480:00 Mortga e $ '' 1205: State tazlstamps 'Deed $1,480.00 P>hodgage',$ __ 1300:Addttional,Settlement Cfiargts ~ ~ - - °• 1301'Requfred services'that"you can shop for ' ' (from'GFE'#6 1302:`SUrve ' 1303,;Pest'Inspection tolGilbert's,Professional':Pest Control, Inc:,(POC$75,00 by Buyer) 1305.,Septic Inspection'to GrofPs Septic Service $200:00'(POC'$200.OQ oy l3uyer), 130fi Water Testing to V1lnislers INelhDrilling; anc. $1.45.00 (P.OC $145:00 by Seller) I have carefully reviewed the HUD•1 Settlement Statement and to the best of my knowledge and belief it is true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. BUYERS ~ SELLERS JENNIFE .CAM BEL DONALD BDYNE, SUCCESSO USTEE The HUD-i Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or I will cause the funds to be disbursed in accordance with this statement. Setent Agent 1 ~l ~'~ Previous editions are obsolete Page 2 of 2 06/1512010 03:58 PM HUD-1