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Home My WebLink About12-22-10EX (01-10) .___J REV-1 BOO ~, 15 0 5 61014 3 OFFICIAL USE ONLY PA Department of Revenue Pennsylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO 80X.280601 INHERITANCE TAX RETURN 21 10 0 0 3 2 6 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 200 36 1646 03 23 2010 05 22 1947 Decedent's Last Name Suffix Decedent's First Name MI SHUGHART JR. DALE F (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL INAPPROPRIATE OVALS BELOW ® 1. Original Return ^ 4. Limited Estate ^ g Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^ 2. Supplemental Return ^ 4a. Future Interest Compromise (date of death after 12-12-82) ^ ~. Decedent Maintained a Living Trust (Attach Copy of Trust) ^ 10. Spousal Poverty Credit (date of death between 12-31-91 and 'f-1-95) ^ 3, Remainder Return (date of death prior to 12-13-82) ^ 5. Federal Estate Tax Return Required 1 8. Total Number of Safe Deposit Boxes ^ 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number HAMILTON C DAVIS 717 5~ 571,, REGIST ILLS U ONL First line of address ~~ 20 EAST BURD STREET ~~~ -~ Second line of address ~ [~ SUITE 6 DATE FILED C=3 City or Post Office State ZIP Code ~SHIPPENSBURG PA 17257 Correspondent's a-mail address: h d a v i s @Z u l l i n g e r -Davis . c o rn Under penalties of perjury, I declare that l 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_ SIGN'%Gr~rt.,rF PER RESPONSIBLE FOR FILING RETURN - DATE C L~..~ Hamilton C. Davis / ~ ~ tr ~ ~ o .,.~ P.O. Box 40. Shiupensburq, PA 17257 SIGNAT OF PREPARER OTHER THAN REPRESENTATIVE DATE Hamilton C Davis ADDRESS ,' - " 20 East Burd Street, Shippensburg, PA 17257 1505610143 Side 1 1505610143 A~DfT10NAL Personal Representatives S.~fUGHART, DALE f~ JR. 33# 200-36-1646 3!23/2010 Under penalties of perjury, the undersigned declare that they have examined this return, including accompanying schedules and statements, and to the best of their knowledge and belief, it is true, correct and complete. Z signature Name Lure Williams Addrsae 795 Mar Vista Avenue city, state, ztp Pasad na CA 91104 Data /g Signature Nams Address City, State, Zip 4 signature Name Addnass: City, State. Zip Date 5 3tgnature Name Address: City, State, Zip Date Signature Name Address: City, state, 7Jp Date 1505610243 REV-1500 EX Decedent's Name: $ i"'i U G H A R T, D A L E F J R. Decedent's Social Security Number 200 36 1646 RECAPITULATION 241,941.00 1. Real Estate (Schedule A) .......................................................................................... 1 2. Stocks and Bonds Schedule B „ ............................... 2. 4 2 , 916.7 8 3. Closely Held Corporation, Partnership orSole-Proprietorship (Schedule C).......... 3. 8 6 , 5 7 2 . 7 6 4. Mortgages 8 Notes Receivable (Schedule D) .......................................................... 4. 5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) ................ 5. 2 8 8 , 3 7 3.12 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ............. 6. 10 , 9 9 9 . 8 9 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property (Schedule G) ^ Separate Billing Requested ............. 7. 3 4 8, 3 0 5. 4 5 8. Total Gross Assets (total Lines 1-7) ....................................................................... 8. 1 , 019 , 10 9 . 0 0 9. Funeral Expenses 8 Administrative Costs (Schedule H) ......................................... 9. 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) ................................ 10. 11. Total Deductions (total Lines 9 8~ 10) ...................................................................... 11. 12. Net Value of Estate (Line 8 minus Line 11) ............................................................. 12. 13. Charitable and Governmental Bequests/Sec 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. 107,320.57 84,717.98 192,038.55 827,070.45 827,070.45 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 15. 16. Amount of Line 14 taxable at lineal rate X .045 8 2 7, 0 7 0. 4 5 16. 17. Amount of Line 14 taxable at sibling rate X ,12 17. 18. Amount of Line 14 taxable at collateral rate X .15 18. 19. Tax Due ..................................................................................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 37,218.17 37,218.17 Side 2 L 1505610243 1505610243 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 - 10 - 00326 SHUGHART, DALE F JR. STREET ADDRESS 25 ROLLING DRIVE CITY CARLISLE STATE PA ZIP 17013 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 37,218.17 2. Credits/Payments A. Prior Payments B. Discount Total Credits (A + B) (2) 0.00 3. Interest (3) 0.0 0 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 2 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 3 7 , 2'I 8 • ~ 7 Make Check Payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.................................................................................. ^ ^x b. retain the right to designate who shall use the property transferred or its income :.................................... ^ ^x c. retain a reversionary interest; or .................................................................................................................. ^ ^x d. receive the promise for life of either payments, benefits or care? .............................................................. ^ ^x 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................................................... ^ 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... ^ ^x 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...................................................................................................................... ~ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS 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)]. For dates of death on or after Janua 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 sta~ute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax retturn 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 ears 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) (~.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)1. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, wfiether 6y blood or adoption. CONp+AONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 All real property owned sole)y or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. Attach a copy of the settlement sheet if the property has been sold. Include a copy of the deed showing decedent's interest if owned as tenant in common. ITEM DESCRIPTION VALUE AT DATE OF NUMBER DEATH 1 25 Rolling Drive, Carlisle, PA 17013 (See attached settlement sheet). Sold to an unrelated 149,941.00 third party at arm's lenght price and terms. Sale necessary to settle estate. See Schedule I for mortgage debts and necessary and ordinary expenses of sale. 2 ~ 680 Mountain Road, Boiling Springs, PA 17007 -15.95 acres (See attached appraisal) 92,000.00 ~ TOTAL (Also enter on Line 1, Recapitulation) ( 241,941.00 SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 Alt property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION ! UNIT VALUE ~ ~ VALUE AT DATE OF j DEATH 1 M i I t 1 E !~ I j EE I I i i Orrstown Financial Services Stock, 1,748 shares i I ! ~ 24.54 I I i I I ~ f ~ f I ~ ~ f I i 42,916.78 I I I i ~ TOTAL (Also enter on line 2, Recapitulation) 42,916.78 SCHEDULE C CLOSELY-HELD CORPORATION, COMMONWEALTH OF PENNSYLVANIA PARTNERSHIP o r INHERITANCE TAX RETURN RESIDENT DECEDENT SOLE-PROPRIETORSHIP continued FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 Schedule C-1 or C-2 (Including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than asole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 6 Rowe's Auction Service -Office furniture and equipment public auction 405.78 7 Client Fee/Receivables -Thomson 58.30 8 ~ Client Fee/Receivables - Cardone 737.00 9 Lexis-Nexis Book Payment 3,698.35 10 Client Fee/Receivables -Miscellaneous 1,295.00 11 Client Fee/Receivables -Miscellaneous 200.00 12 Office equipment sold to an unrelated third party 515.00 13 Orrstown Bank Checking Account No. 117404 3,982.92 14 Orrstown Bank Checking Account No. 117412 3,905.41 15 Client Fee/Receivables -Various Miscellaneous 4,575.00 Page 2 of Schedule C SCHEDULE E CASH, BANK DEPOSITS, & MISC. COMMONWEALTH OF PENNSYLVANIA PERSONAL PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SHUGHART, DALE F JR. ~ FILE NUMBER ~ 21 10 - 00326 Include the proceeds of litigation and the date the proceeds were received by the estate. Ali property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION ~ VALUE AT DATE OF DEATH 1 Rowe Auction Sale from Contents of House 2,685.50 2 Contents of Cabin 500.00 3 1999 Jeep Cheroke (122,000 Miles)., .See Attached Appraisal 3,335.00 4 2004 Chevrolet Impala (77,395 Miles), See Attached Appraisal 5,000.00 5 Orrstown Bank Checking Account No. 408654 21,992.84 6 Orrstown Bank Money Market Account No. 106210003 4,184.26 7 Orrstown Bank Investment Account No. 4N2292718 242,934.79 8 USI Affinity Disability 721.59 9 Personal Income Tax Refund for 2009 2,980.00 10 United Teachers Associates Insurance Company Refund 11.32 11 Hoffman -Roth Funeral Home Refund 100.00 12 Captial Tax Collection Bureau -Refund 450.67 13 USSA Refunds 1,912.42 14 Refund 63.73 15 Partnership Distribution 1,500.00 16 Olde Town Run Moutain Lodge Social Club Membership -Not saleable 1.00 TOTAL (Also enter on Line 5, Recapitulation) 288,373.12 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF SHUGHART, DALE F JR. FILE NUMBER 21 - 10 - 00326 If an asset was made joint within one year of the decedent's date of death, it must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT Michael A. Foreman A 614 Mountain Road Boiling Springs, PA 17007 Son Laura A. Williams B 795 Mar Vista Avenue Pasadena, CA 91104 Daughter JUIN I LY UWNED PROPERTY: NUM ER LETTER j FOR JOINT TENANT DATE ' C~F~SCRtPT.lO~ C~F PRO~ERTkY MADE ~or s mearadentlfying number Attach deed for jo ntly--held react JOINT !estate. ~ % OF I DATE OF DEATH VDALUE OFDASSET DECD'S I VALUE OF ;INTEREST DECEDENT'S INTEREST 1 j A ;Whiskey Run Road, Boiling Springs, PA 17007 ~~,ooo.oo ~ ° ~ 5,666.61 33.3 /o I ~ ~ - 4.02 acres -1/3 interest (see attached appraisal) ~ 2 ~ B ~ Whiskey Run Road, Boiling Springs, PA 17007 ~ 0% ~ 0.00 - 4.02 acres - 1/3 interest (see attached ; j 'appraisal) 3 I A Mountain Road Boiling Springs PA 17007 - i ~s ooo oo ! 33 3% ~ 5 333 28 j ; , , ~ 2.58 (see attached appraisal) j , . . , . i 4 I B Moutain Road, Boiling Springs, PA 17007 - ~ 0% 0.00 ~ i i (i I I + 2.58 (see attached appraisal) i j ~ ~ ~ I j '' ' ! ~ i ~ ~ j ~ - TOTAL (Also enter on line 6, Recapitulation) '10,999.89 COMMONWEALTH OF PENNSYLVANIA SCHEDULE G INHERITANCE TAX RETURN INTER-VIVOS TRANSFERS & RESIDENT DECEDENT MISC. NON-PROBATE PROPERTY ESTATE OF SHUGHART, DALE F JR. FILE NUMBER 21 - 10 - 00326 This schedule must be comaleted and filed if the answer to any of questions 1 through 4 on page 2 is yes. ITEM I NUMBER I DESCRIPTION OF PROPERTY i DATE OF DEATH li, % OF i InGude the name of the transferee, their relationship to decedent ~i, VALUE OF ASSET i INTEREST j and the date of transfer. Attach a copy of the deed for real estate. i I EXCLUSION I (IF APPLICABLE) _ _ ~ TAXABLE VALUE 1 ~ Orrstown Bank 401 (K), Account No. 10 01 1905 0 07 r 134,153.77 i I 134,153.77 2 ( Orrstown Bank ROTH IRA Account No. 4N2279269 17,163.61 ~ 17,163.61 3 ~ ~ i Orrstown Bank IRA Account No. 4N2279384 I 196,988.07 ~ I j j I I I ; I I i i I ' i ~ ! ~ ' ~ I I ' i I I ~ I i I j I %~ ~ i i ~ j i I I 196,988.07 TOTAL (Also enter on line 7, Recapitulation) 348,305.45 SCI-~DI,ILE H COMAAONWEALTN OF PENNSYLVANIA ~~ INHERITANCE TAX RETURN ADMIV~~c'r~/~T~/c f'-M'!ti RESIDENT DECEDENT ~~VV !~t ~~ vv''!! ~~ ~~ 1lII fL... V1.~7 ~ ~7 FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 Debts of decedent must be reported on Schedule I. ITEM NUMBER I FUNERAL EXPENSES: DESCRIPTION ~ AMOUNT A. 1 ~ Hoffman Roth Funeral Home j 2,016.12 2 Sunnyside Resturant and Tim Stewart (Memorial Meal) I 4,321.52 3 ~ Royer's Floral i 159.00 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Hamilton C. Davis Laura Williams Street Address P.O. Box 40 2. 3. city Shippensburg state PA zip 17257 Year(s) Commission paid 2010 Attorney's Fees Zullinger -Davis, P.C. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant 4. s. 6. 7. 1 Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Cumberland County Register of Wills Accountant's Fees Tax Return Preparer's Fees Other Administrative Costs Diviserified Appraisal Service 33,000.00 28, 500.00 640.00 950.00 TOTAL (Also enter on line 9, Recapitulation) 107,320.57 Schedule H Funeral E & COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN w~~n~~M __~~_ __r /'1L.Y ~ A I~YAY~ (~~1~,~ RESIDENT DECEDENT FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 21 I ~ Laura Williams -Reimburse for Car Repairs ~ ' 393.00 I 22 ~ Craig Anderson -Yard Work and Snow Removal ; 1,677.00 23 ~ i360Storage 275.60 ~~ 24 i Cermak Technologies I 18.00 I 25 ~ I Repair of Office Door i ' 25.00 26 Orrstown Bank -Check Re-order ~ 23.00 27 Robert C. Cairns -Tax Collector - Mountain land taxes 57.28 2a Robert C. Cairns -Tax Collector -Mountain land taxes ~ I 57.51 ` 29 I Robert C. Cairns -Tax Collector -Cabin taxes i .607.31 30 I Borough of Carlisle -County and Township Taxes on 25 Rolling Drive, Carlisle, PA ~ 841.49 17013 31 Borough of Carlisle -School Taxes on 25 Rolling Drive, Carlisle, PA 17013 1,680.82 32 Robert C. Cairns -Tax Collector -Cabin taxes i 196.40 33 Bonnie Coyle -payment on hourly basis for July and August 517.50 34 Dex One 131.48 35 Recorder of Deeds 69.00 36 Recorder of Deeds 27.00 37 Laura Williams -Reimburse for Federal Express fees 26.52 38 Borough of Carlisle 2.20 39 Register ofWills -Additional Short Certificates I ~ 40.00 ~ Page 3 of Schedule H Soule H Funeral E & COMMONWEALTH OF PENNSYLVANIA A~„~n~,,,~,~,~,~N ,"~•+~ INHERITANCE TAX RETURN /'iL# ~ ^ I,YAYYG ~JI ~Y RESIDENT DECEDENT ESTATE OF SHUGHART, DALE F JR. 40 j Bonnie Coyle -Payroll (includes services to close office) i 41 f Staples I 42 ~ PP&L 43 .Century Link j 44 Dex One j 45 I Stacy Wolf -May Rent 46 Jane Wallace -Cleaning 47 (Orrstown Bank - 401 K April 48 ~ PP&L i 49 USPS 50 I Century Link i 51 ~ Dex One 52 Orrstown Bank - 401 K 53 Groups Tax and Payrool 54 Stacy Wolf -June Rent 55 Jane Wallace -Office Cleaning 56 Shred-it 57 Orrstown Bank -Safe Deposit box 58 Century Link FILE NUMBER 21 - 10 - 00326 7,013.12 16.98 59.15 272.24 32.50 970.00 175.00 161.00 56.33 44.00 56.61 32.50 161.00 150.00 970.00 140.00 60.00 240.00 25.22 Page 4 of Schedule H Sc~ec~le H Fugal E~q~enses & COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN A~~~~N ^~ M.~I~M~ /"'1L~ I IN ~I~YtIYYC VWCi 4V1 ~W ~ RESIDENT DECEDENT ESTATE OF SHUGHART, DALE F JR. FILE NUMBER 21 - 10 - 00326 59 ~ PP&L ~ 48.96 60 ~ Sundek j 150.00 61 I I Century Link ~ ~ 270.44 62 '' Earthlink I I 21.95 63 a Dex One ~ 32.50 ~ 64 Brian Coyle -Moving help i 140.00 65 ~ Bonnie Coyle -Payroll i 1,168.86 66 i Bonnie Coyle -Final Pay ~ 947 89 . 67 Bonnie Coyle -Accumulation of Sick days (net -see attached) , 5,933.11 68 Group's Payroll ~ 130.00 I 69 Payroll taxes (on final pay and severance) I 6,948.47 Page 5 of Schedule H SCHEDULEI DEBTS OF DECEDENT, MORTGAGE COMMONWEALTH OF PENNSYLVANIA LIABILITIES, & LIENS INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF SHUGHART, DALE F JR. 21 - 10 - 00326 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. . ITEM DESCRIPTION AMOUNT NUMBER 1 Orrstown Bank Mortgage Loan No. 8060005130 on personal residence of 25 Rolling Drive, 34,357.88 Carlisle, PA 17013 2 Orrstown Bank Home Equity Loan No. 216080 on personal residence of 25 Rolling Drive, Carlisle, PA 17013 3 Employee Severance payroll and related (see entries on Schedule H) 4 Home Instead -Hospice care 5 Old Town Run Mountain Lodge Dues 6 PP&L 7 MET - ED Electric 8 USAA -Credit Card Balance 9 Real estate settlement expenses. It was necessary to liquidate this asset for the purpose of settling the estate (not for the benefit of the beneficiaries) 10 Smith Elliot Kearns & Company - 401(K) services for amendment 11 Hilton's Lock Service 12 Century Link Communications 13 West Publishing Company 14 Stacy Wolf - Rent/Parking 30,000.00 0.00 767.08 200.00 107.14 116.75 22.66 10,559.61 500.00 425.04 242.50 58.30 970.00 TOTAL (Also enter on Line 10, Recapitulation) ~ 84,717.98 SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE COWMAONWEALTHOFPENNSYLVANIA LIABILITIES, & LIENS INHERITANCE TAX RETURN RESIDENT DECEDENT continued FILE NUMBER ESTATE OF SHUGHART, DALE F JR. ~ 21 - 10 - 00326 i Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM ~ DESCRIPTION AMOUNT NUMBER ~ 15 ~ Jane Wallace -Cleaning 140.00 16 Udren Sale 75.00 17 Nathan Wolfe -Udren Sale 125.00 18 Shred - It 60.00 19 Orrstown Bank -Line of Credit 600.00 20 USAA 99.50 21 Bonnie Coyle - 2010 Vacation/Sick days 900.24 22 Orrstown Bank - 401 K -Contributions due for employee 1,211.53 23 Orrstown Bank - 401 K -Contributions due for employee 3,179.75 Page 2 of Schedule I SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SHUGHART, DALE F JR. FILE NUMBER 21 - 10 - 00326 NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT Do Not Llst Trustee(s) I SHARE OF ESTATE j (Words) j ~ AMOUNT OF ESTATE ($$$) I ' TAXABLE DISTRIBUTIONS [include outright spousal i i d t f ib I ~ I j str ons an rans ers d ut under Sec. J116 (a) (1.2)] j I i 1 Stephanie A. Sellers Daughter 1/3 of Estate ~ 208,832.2 1275 Ridge Road j Fayetteville, PA 17222 ~ I 2 Michael A. Foreman I Son ~ 1/3 of Estate and ~ 306,332.14 614 Mountain Road Specific Bequest j Boiling Springs, PA 17007 j 3 Laura A. Williams Daughter ~ 1/3 of Estate and j 281,905.94 795 Mar Vista Avenue Specific Bequest ~ Pasadena, CA 91104 ~ i Enter dollar amounts for distributions shown above on lines 1 5 through 18 on Rev 1500 cover I sheet, as appropriate. j III NON-TAXABLE DISTRIBUTIONS: ~! A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN i 1 j . CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS i I i I i i i TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 REV•1613 EX+ (11-OS) REV•1618 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE) BENEFICIARIES continued ESTATE OF SHUGHART, DALE F JR. 'FILE NUMBER 21 - 10 - 00326 NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT Do Not Llst Trustee(s) SHARE OF ESTATE (Words) I AMOUNT OF ESTATE ; ($$$) I ' TAXABLE DISTRIBUTIONS [include outright s ousal pransfers distributions and t ~ under Sec. X116 (a) (1.2)] 4 Riley A. Foreman ~ Granddaughter ~ Specific Bequest ~ 10,000.01 614 Mountain Road Boiling Springs, PA 17007 ! I 5 Jack A. Foreman Grandson I !Specific Bequest i 10,000.01 614 Mountain Road Boiling Springs, PA 17007 6 Nicolas H. Williams Grandson I Specific Bequest j 10,000.01 795 Mar Vist Avenue ~ Pasadena, CA 91104 I ! I I I i I Page 2 of Schedule J COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-2 PARTNERSHIP INFORMATION REPORT ESTATE OF FILE NUMBER SHUGHART, DALE F JR. 21 - 10 - 00326 1 Name of Partnership Buckley Heineman Shughart and Stewart Address 2125 LaPaz Court Date Business Commenced 3/20/1979 Business Reporting Year December 31 2. 3. 4. 5. 6. 7, 8. 9. 10. 11. 12. 13. 14. City Naples State FL Zip Code 34109 Federal Employer I.D. Number 23-2094347 Type of Business Real Estate Rental Product/Service Residential Rentals Decedent was a ®General ^ Limited Partner. If decedent was a limited partner, provide initial investment. $0.00 PARTNER NAME PERCENT OF INCOME PERCENT OF OWNERSHIP BALANCE OF CAPITAL ACCOUNT Tom Buckley 25% 25% $19,429.00 Jim Buckley 25% 25% $19,425.00 Dale F. Shughart, Jr. 25% 25% $19,432.00 Tim Stewart 25% 25% $19,432.00 Value of the decedent's interest $65,000.00 Was the Partnership indebted to the decedent? ^Yes ®No If yes, provide amount of indebtedness Was there life insurance payable to the partnership upon the death of the decedent? ^Yes ®No If yes, Cash Surrender Value Net proceeds payable Owner of the policy Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if date of death was prior to 12-31-82? ^ Yes ®No If yes, ^ Transfer ^ Sale Percentage transferred/sold Transferee or Purchaser Consideration Date Attach a separate sheet for additional transfers and/or sales. Was there a written partnership agreement in effect at the time of the decedent's death? ®Yes ^ No If yes, provide a copy of the agreement. Was the decedent's partnership interest sold? ®Yes ^ No If yes, provide a copy of the agreement of sale, etc. Was the partnership dissolved or liquidated after the decedent's death? ^Yes ®No If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. Was the decedent related to any of the partners? ^Yes ®No If yes, explain Did the partnership have an interest in other corporations or partnerships? ^Yes ®No If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. ~~ . ~~_ ~~ '~~ ~~ a ~~~~ '' THE FALLOWING INFORMAT~OI N MUST BE SUBMITTED WITH THIS' SCHEDULE `` ~ °!~' ~'~~', ,~;. A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years. C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured, attach copies. p. Any other information relating to the valuation of the decedent's partnership interest. LAST WILL AND TESTAMENT OF DALE F. SHUGHART, JR. I, Dale F. Shughart, Jr., of the Borough of Carlisle, Cumberland County, Pennsylvania, declare this to be my last Will and Testament and revoke all Wills and Codicils previously made by me . ITEM I: I direct that my legally enforceable debts and funeral expenses, together with the expenses of the administration of my estate, shall be paid from my residuary estate as soon as practicable after my decease, as a part of the expense of the administration of my estate.. ITEM II: I direct that my three children,.Stephanie A. Sellers, Michael A. Foreman and Laura A. Williams use the services of Hoffman-Roth Funeral Home to arrange cremation of my remains, and that the ashes be delivered to my three children for disposition in accordance with separate instructions provided to them in that regard. ITEM III: I bequeath my membership in the Old Towne Run Mountain Lodge unto my son, Michael A. Foreman. Should my said son predecease me, I bequeath the said membership unto my grandson, Jack A. Foreman. ITEM IV: I bequeath all of my tangible personal property (excluding cash on hand, business supplies and equipment used by me in my law practice, client files and business records (see Item IX hereof), any motor vehicles I may own at the time of my _ ,~ c~ ,~ ~ ~ / ~~° f ~ death, tangible personal property located at cabin. (see Item V hereof), and tangible evidences of intangible personal property), including but not limited to all household goods, furniture and furnishings (including those located at my law office)., china, silverware, jewelry and ornaments, works of art and pictures (including those located at my law office), wearing apparel, hunting and shooting gear, including my firearms, both rifles and hand guns and related accessories, and all of my fishing rods, reels, tackle and related gear, tools, equipment and personal effects, together with any policies of insurance applicable thereto, including any prepaid premiums, in equal shares, unto my three children, Stephanie A. Sellers, Michael A. Foreman, and Laura A. Williams (or the survivors of them, if ariy said children shall predecease me) to divide among them as they shall agree in as nearly equal shares as possible giving due regard for their personal preferences. In this regard I note that many items of furniture and furnishings located at my home at 25 Rolling Drive are owned by my daughter, Laura, and I am storing them for her because of the limited space available at her residence in Washington, D.C. Laura shall advise Stephanie and Michael which items are owned by her, and her designation of these items shall not be subject to dispute. ITEM V: I devise and bequeath unto my son, Michael A. Foreman, my tract of mountain land, improved with a cottage known _2_ ~ - ;~~ ~. i 6 ~f as 680 Mountain Road, Boiling Springs, Pennsylvania, situate in South Middleton Township, Cumberland County, Pennsylvania, being Cumberland County Tax Parcel No. 40-13-0126-024, containing 15.94 acres, more or less, together with all tangible personal property located on the premises, provided he shall survive me by thirty ~- (3-0 ) days . ITEM VI: I bequeath unto my daughter, Laura A. Williams, a sum of money equal to the value of my devise and bequeath of my ownership interest in the real and personal property at 680 Mountain Road, Boiling Springs, Pennsylvania, unto my son, Michael A. Foreman. The value of my real property, aforesaid, shall conclusively be determined by multiplying the then applicable assessed market value of the premises as reflected on the Cumberland County, Pennsylvania, Tax Assessment Records, multiplied by the then applicable common level ration as determined by the Pennsylvania Department of Revenue. The value of my personal property shall be conclusively determined based upon its appraised value, as determined by a qualified personal property appraiser selected by my Executor, Hamilton C. Davis, Esquire, or my successor Executor, Nathan C. Wolf, Esquire. ITEM VII: I bequeath the sum of Ten Thousand ($10,000.00) Dollars, each, to my grandchildren who shall survive me by thirty (30) days. I currently have three grandchildren, Riley A. Foreman, Jack A. Foreman, and Nicolas H. Williams: If any of _3_ .~ ;~ l' ~ 6 these bequests pass to a minor, which shall be defined as anyone living under the age of twenty-three (23) years at the time of vesting, and with respect to which I am authorized to appoint a Guardian and have not otherwise specifically done so, I decline to appoint a Guardian but instead authorize and direct my Executor to distribute such property to the then living parents of such minor grandchildren, as custodians under the Uniform Transfers to Minors Act of Pennsylvania (PaUTMA) until such grandchild reaches the age of twenty-three (23) years. It is my intention that these funds be utilized in their entirety by the parents of the minor grandchildren to assist in the payment of the educational expenses of my said grandchildren., including but not limited to a college; education. ITEM VIII: I devise and bequeath the rest, residue and remainder of my Estate, of every nature and wherever situate, in equal shares unto my three children, Stephanie A. Sellers, Michael A. Foreman and Laura A. Williams, provided, however, that the share of any of my said children who shall predecease me or die on or before the thirtieth day following my death shall be distributed to her or his issue, per stirpes, living on the thirty-first day following my death and in default of such then living issue, such share shall be added to the shares for my other children, or if either or both of them is also then r ~~ deceased, unto her or his issue, per stirpes, living on the thirty-first day following my death. ITLM IX: I designate my friend and colleague, Hamilton C. Davis, Esquire, as conservator/trustee of my professional practice as an attorney at law. My said conservator/trustee shall have full authority to continue to operate my legal practice following my death, and to transfer all files, accounts receivable, work in process, and documents in my possession unto himself or unto another licensed attorney for proper completion and disposition thereof in accordance with the duties and responsibilities of a licensed attorney at law. I direct that my said conservator/trustee shall transfer unto himself all of my right, title and interest in my client Trust accounts and in my client safe deposit boxes at Orrstown Bank, Stonehedge Branch, Carlisle, PA, and shall be responsible to notify all persons for whom I have possession sums of money in my Trust accounts and/or of documents located within that safe deposit box of the change in custodianship of those funds and/or records. It is my intention that, to the maximum extent possible, all of my client files, records, etc., shall be transferred unto my conservator/trustee, Hamilton C. Davis, Esquire, and that he alone shall have full discretion to determine to what extent, if any, such documents have value for which compensation is due and owing unto my Estate. Should my friend and colleague, _5_ ~ •' Hamilton C. Davis, Esquire, be unable to assume the responsibilities of conservator/trustee as provided in this Item IX of this my Last Will and Testament, I designate my friend and colleague, Nathan C. Wolf, Esquire as successor conservator/trustee with all rights, duties and responsibilities, hereinabove granted unto Hamilton C. Davis, Esquire, including, but not limited to assuming ownership of and responsibility for client records and documents, as set forth above, and determining of their value, if any. My conservator/trustee and successor conservator/trustee shall be compensated by my Estate for their efforts in regard to the closure and transfer of my law practice at their prevailing hourly rate charged at the time such services are provided, and they shall be solely entitled to any fees generated for work performed by them for any and all of the clients I represented at my death who may decide to utilize continuing services of my said conservators/trustees for performance of legal services after my death. ITEM X: All Federal, State and other death taxes payable because of my death, with respect to the property forming my gross Estate for tax purposes, whether passing under this Will or otherwise, including any interest or penalty imposed in connection with such taxes, such be considered a part of the expense of the administration of my Estate and shall be paid out -~- f ~ of the principal of my Residuary Estate without apportionment or right of reimbursement. ITEM XI: I appoint my daughter, Laura A. Williams, and my friend and colleague, Hamilton C. Davis, Esquire, co-Executors of this my Last Will and Testament. I direct that my daughter, Laura A. Williams, shall be paid an Executor's commission based upon normal percentages charged by Executors as set forth in the case known as Johnson Estate. I direct that my Executor, Hamilton C. Davis, shall be paid for his services rendered to my Estate as both Executor and attorney based upon his prevailing hourly rate and time involved for all services rendered, in either or both capacities, hereby noting unto my beneficiaries that the time and expertise involved in handling the administration of my Estate will undoubtedly exceed the percentages frequently used in calculating a~single commission when serving as both Executor and Attorney. Should my daughter, Laura A. Williams, fail to qualify or cease to act as Executor, I appoint my daughter, Stephanie A. Sellers, and my son, Michael A. Foreman, successor Executors of this my Last Will and Testament. Should Hamilton C. Davis, Esquire, fail to qualify or cease to act as Executor, I appoint Nathan C. Wolf, Esquire, successor Executor and attorney of my Last Will and Testament. ,,~ ~~~ ITEM XII: I direct that my personal representatives, as well as their successors, shall not be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal, this ~/~ ~da of December, 2009. ~! Y (~ ~ [SEAL] Dale S u t, Jr. The preceding instrument, consisting of this and seven (7 ). other typewritten pages, each identified by the signature of the Testator, was on the date thereof, signed, published and declared by Dale F. Shughart, Jr., the Testator therein named, as and for his last Will, in the presence of us, who, at his request, in his presence and in the presence of each other, have subscribed our names as witnesses hereto. -8- COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND We, Dale F. Shughart, Jr., Nicole H. Mau, and Stacy B. Wolf, the Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his last Will and that he had signed willingly, and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witness and that to the best of his/her knowledge the Testator was at that time eighteen years of age or older, of sound mind and under Subscribed, sworn to and acknowledged before me by Dale F. Shughart, Jr., the Testator, and subscribed and sworn to bef ~e me by Nicole H. Mau and Stacy B. Wolf, witnesses, this ~~- day of December, 2009. ie)07fti~U~l. Sfr}tL BON1vIE L COYLE, N07~RY i'UBUC L~URO OIF CtiRUSl.E, CUMisE+Zi}WD CQ. PA M`! COltRIVl:5S~ON ~?C!'It;ES OCTOBER 17, 2010 Notary ublic -9- APPRAISAL OF REAL PROPERTY LOCATED AT: 25 Rolling Drive Deed Book 266 Page 1401 Carlisle, PA 17013 FOR: Estate of Dale F. Shughart, Jr. AS OF: March 23, 2010 BY: Susan B. Burkholder State Certified Residential Appraiser, RL-000659-L This appraisal was completed to establish value for inheritance tax Summary Format Form GAi - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Diversified Appraisal Services .w.w^w^~~^~^ ~ ^ ~ ^1^1!~ ~ ^!1 t ~ A^ ~~~t^ A P'f\! P'fr'!1/°1AT 1'CC7o1.~Cltl I,INL hrrlvl~.7h~ .~v~r~~nrlr~ a r~~.rvr~ a Fileno.: o5~uius~5roiirn ,.` Prooertv Address: 25 Rollins Drive C'Ity: Carlisle __ State: PA Zip Code: 1701 Assessor's Parcel #: 0423-0600-203 Tax Year. 2010 R.E. Taxes: $ 2547.79 S ecial Assessments: $ n.a. Borrower rf a licabie : n.a. Current Owner of Record: Dale F. Shu hart Jr. Occu ant: Owner Tenant Vacant Manufactured Housin Pro ect T PUD Condominium Coo erative Other describe HOA: $ er ear er month Market Area Name: Carlisle Borou h Ma Reference: 0423-0600-203 Census Tract 124 The u se of this sisal is to develo an o inion of: Market Value as defined , or other a of value describe This re rt reflects the followin value if not Current, see comments : Current the Ins ection Date is the Effective Date Retros ective Pros ective A roaches develo ed for this a sisal: Sales Com arison A roach Cost A roach Income A roach See Reconciliation Comments and Sco a of Work Pro a Ri hts A raised: Fee Sim le Leasehold ^ Leased Fee Other describe Intended Use: The intended use of this appraisal is to establish value for inheritance tax. Intended Users b name or Estate of Dale F. Shu hart Jr. Client: Estate of Dale F. Shu hart Jr. Address: 25 Rollin Drive Carlisle PA 17013 A raiser. Susan B. Burkholder Address: 35 E. Hi h Street Ste 101 Carlisle PA 17013 Location: Urban Suburban Rural Predominant One-Unft Housing Present Land Use Change in Land Use Built up: ®Over 75% ^ 25-75% ^ Under 25% Occupancy PRICE AGE One-Unit 80 % ^ Not Likely Growth rate: ^ Rapid ~ Stable ^ Slow ®Owner $(000) (yrs) 2-4 Unit % ^ Likely * ®In Process Property values: ^ Increasing ®Stable ^ Declining ^ Tenant 100 Low New Mutii-Unit % * To: Single family Demand/supply: ^ Shortage ®In Balance ^ Over Supply ®Vacant (0-5%) 350 Hi h 150 Comm`I 15 % Marketin time: ^ Under 3 Mos. ®3-6 Mos. ^ Over 6 Mos. ^ Vacant > 5% 200 Pred 50 Vacant 5 % Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): The subject neighborhood is bordered Letort Creek Marsh Drive Rockledge Drive and Interstate 81. Dimensions: Irre ular Sfte Area: .36 acre Zoning Classdication: R1 Residential Description: E~osting use is permitted Zonin Com liance: L al ^ L al nonconfonni randfathered Ille al ^ No zoni Are CCi3<Rs a licabie? Yes ^ No Unknown Have the documents been reviewed? ^ Yes ^ No Ground Rentd a licabie $ / Highest & Best Use as improved: ®Preserrt use, or ^ Other use (explain) Achral Use as of Effective Date: Residential Use as appraised in this report Residential Summary of Highest & Best Use: Continued use as residential Utilities Public Other Provider/Description Off-site Improvements Type Public Private Topography Downward slope to rear Electricity ® ^ Street Macadam ® ^ Size Typical for the area Gas ^ ^ Curb/Gutter Concrete ® ^ Shape Rectangular Water ^ ® Sidewalk Concrete ^ ^ Drainage Appears adequate Sanitary Sewer ^ ® Street Lights Pole ® ^ dew Appears adequate Stone Sewer ® Alle None ^ ^ Other site elements: ^ Inside Lot ®Comer Lot ^ Cul de Sac ^ Underground Utilities ^ Other (describe) FEMA Spec'I Rood Hazard Area ^ Yes ®Na FEMA Rood Zone X FEMA Map # 42041 C FEMA Map Date 3-16-09 i~` ~`1' General Description # of Units 1 ^ Acc.Unit EzUerior Description Foundation Conc block Foundation Slab None Basement LJ None Area Sq. Ft Heating Type Hot wtr ;~ # of Stories 2 Exterior Walls Brick Crawl Space None %Rnished 0 Fuel Oil (,~< a;.; Type ®Det. ^ Att .^ Roof Surface Shin les Basement Full Ceiling Unfinished ~: :: ,y Design (Style) Ranch ®Existing ^ Proposed ^ Und.Cons. Actual Age (Yrs.) 55 ears Gutters & Dwnspts. Aluminum Window Type Dbl-hue Storm/Screens Storm Sump Pump ^ Dampness ^ Settlement None Walls Unfinished floor Concrete Outside Entry Yes Cooling Cerrtral Other W- Effective A e rs. 30 ears Infestation None ~ ~' Interior Description Boors Hardwood Walls Plaster Appliances Refrigerator Range/Oven ® ® Attic ^ Nane Stairs ^ Drop Stair ® Amenitles Fireplace(s) # 1 Patio Woodstove(s) # Car Storage ^ None Garage # of cars ( 4 Tot.) Attach. TrinVFinish Wood Disposal ^ Scuttle ^ Deck Detach. uj; Bath Floor Vn I Dishwasher ® Doarway ^ Porch 2 porches BR: In ~'. Bath Wainscot Tile FaNHood ^ Floor ® Fence Carport 2 Doors Wood Microwave ^ Heated ^ Pool Driveway 2 z Washer/Dryer ^ Rnished ^ Surface ~ Rnished area above rade cordains: 6 Rooms 3 Bedrooms 1 Baths 1 470 S uare Feet of Gross Livin Area Above Grade a• Additional features: Tow porches. U w 0 ~. Describe the condition of the property (including physical, functional and external obsolescence): sy",., ~;,,~, is r~~', h'' .„i: T n ~ rR a n ~- w rr ^ w ~ CopyrigM® 2007 by a la made, inc. This tone may be reproduced unmodified without wmten permission, however, a la mode, inc. must be acloiowledged and credited. l~ 1 ~ i~ C ~ 1 L1 C i V 1 ! f1 L Form GPRES2 -"TOTAL for Windows" appraisal software by a la mode, inc. -1-80D-ALAMODE 3/200; R ~y° ~, O ESI[~EN'TIAL APPRAISAL SUMMAKY Ktl'UK ~ FIeNo.: 051010s25rollin tax My research did did not reveal any prior sales or transfers of the subject properly for the three years prior to the effective date of this appraisal. Data Sources : Assessment records 1st Prior Sub ect Sale/Transfer Analysis of sale/trarrsfer history and/or any current agreement of sale/listing: No current listing or current agreement of ~ Date: 10-2-97 sale is pending _ _ Price: $98 500 w Sources :Courthouse N 2nd Prior 5ub'ect SaleJTransfer Z Date: ~: Price: •'~ Sources ?: ` SALES COINPARISON APPROACH TO VALUE if d evelo The Sales Cam orison Ap roach was not develo ed for this ap sisal. FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 `- Address 25 Rolling Drive Carlisle PA 17013 240 Belvedere Street Carlisle 1028 Hill Place Carlisle 159 Garland Drive Carlisle i" Praxim' to Sub'ect 1.31 miles 0.27 miles 0.32 miles Sale Price $ $ 173 000 $ 177 500 $ 166 000 ' Sale Price/GLA $ /s .ft. $ 108.53 /s .fL ~ $ 113.78 /s .ft. $ 111.78 /s .ft Data Sources Courthouse Courthouse Courthouse Verification Sources Files MLS MLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ust DESCRIPTION + - $ Ad'ust DESCRIPTION + - $ Ad'ust. ' ` Sales or Financing Concessions None known Conventional Closing cost Conventional -2,500 None known Cash Date of Sale~me As of 3/23/10 2-9-09 9-11-09 11-13-09 Ri hts raised Fee Sim le Fee Sim le Fee slur le Fee Sim le ;: Location Avera a Avera a Avera a Avera e Site .36 acre .43 acre +6 800 .40 acre +7 100 .23 acre +8 800 `;'- Vew A ors ode uate Similar Similar Similar ;' =~ Desi n S le Ranch Ranch Ranch Ranch ;5 (lual' of Construction Brick Brick/Alum +5 000 Brick Brick ~'`' A e 55 ears 50 ears 42 ears 50 ears Conditlon Avera a Avera a Avera a Similar '' Above Grade Total Bdnns Baths Total Bdrms Baths Total Bdrms Baths Total 8drms Baths =,:: Room Count 6 3 1 7 3 1.5 -3 000 6 3 1.5 -1 000 7 3 1.5 -3 000 Gross Livi Area 1 470 s .ft. 1 594 s .fL -3 700 1 560 s .ft 1 485 s .ft ':'". =`5", Basement & Fnished Rooms Below Grade Full bsmt None Full burst 30% finished -3 000 Full bsmt None Fulf bsmt None i _, :5 Functlonal Util' Avera a Similar Similar Similar Heatin Conlin Hot Wtr Oil Hot Wtr Oil Ht wtr Oil CA -3 000 Fha Oil CA -3 000 _, Ener Efficient items None None None None a' Gana e/C ort 2-car ca ort 1-car att ar -1 000 2-car att ar ~ 000 1-car ca ort +2 000 Porch/Patio/Deck 2 orches Porch stor shed -1 000 Porch atio -2 000 Porch afio a Fire lace None +1 000 Fire lace Fire lace a: None None None None z O: . ~ a~ ~'; Net Ad'ustrnent otal 1. ' + - $ 1 100 + - $ 7 400 + - $ 4 800 v ~} ~~ d: ~` Adjusted Sale Price ~ Net ~~ 0.6 % NeL 4.2, . ` :Net 2 9 of Com ambles Gross 14.2 % $ 174 100 Gross. 122:% $ 170 100 Gross. 101:% $ 170 800 Summary of Sales Comparison Approach Sales 1 and 3 are located in the subject's immediate neighborhood. Sale number 1 was given the most consideration since this home is similar in size and room count. ~; i fir,. r,; '=N: ~ : .~. Via! `:,~ f ;`:Y, : a+t ' ~: 'l~',. ~.~;;: ~~ . :;; ;r~`,: :>x ,~. R; ' ~ ~r. ' ~:~ ~` <~ Indicated Value Sales Com orison A roach $ 170 000 ~ R E 5 f D E f VT I A L CopyrigM® 2007 by a la made, inc. fiis form maybe reproduced unmod~ed without written permission, however, a la mode, inc. must be aclmowledged and cr~ited. Form GPRES2 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE 3/2DD7 CC@111CRITIAI ADDDAICAI CIIM11AeRV RFPC]RT risu,.• n~~n~nc~~R,.inn~ ^` ~;_; wrrsr.~~ ^I^~ .~ -- - - COST APPROACH TO VALUE B Bevel The Cost roach was not develo d for this a sisal. Provide ode uate infom-ation for re lication of the followin cost fi ores and calculations. Support for the opinion of site value (summary of comparab{e land sales or other methods for estimating site value): ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE ____________________.__._.._.._.._.._._....._._.._.._....._. _$ v. Source of cost data: DWELLING S .Ft @ $ ...... _$ p Qual' ratio from cost service: Effective date of cost data: S •~ @ $ - - _$ a depreciation, etc.): Comments on Cost Approach (gross living area calculations S .Ft @ $ . _$ a , S .Ft @ $ __. _$ ~ O _$ ----- v Gara a/Ca ort S .Ft @ $ .._____ _$ Total Estimate of Cost New .. _$ Less Ph sical Functional Extemai De reciation =$ De reciated Cost of Im rovemerds ._._______________._..__._._.__._.__.._.. _$ "As-is" Value of Site Im rovements ._..___..____._.____.___.._.__.______._ _$ _$ _$ ~~ Estimated Remainin Economic L'rfe rf re wired : 30 Years INDICATEDVALUE BYCOSTAPPROACH ..___..._____.______.._.__._.._ =S .. x INCOME APPROACH TO VALUE if develo The Income A roach was not develo ed for this a sisal. Q Estimated Monthl Market Rent $ X Gross Rent Multi lien = $ Indicated Value b Income A roach a' Summary of Income Approach (ncluding support for market rent and GRM): n. a ' w. o. z PROJECT INFORMATION FOR PUDs a liable The Subject is art of a Planned Unit Development - Le al Name of Pro t o Describe common elements and recreational facilrbes: a. i ;; .. ,:;~. '; Indicated Value by: Sales Com son Approach $ 170 000 Cost Approach (if developed) S n.a. Income Approach (if developed) 5 ..5;. ~~:ii Foal Reconciliation The Sales Comparison approach being considered the most accurate in arriving at my final opinion of value. The Income '.Y`.i. ~r;; approach was not considered since this is an owner occupied single family dwelling The Cost approach was considered to be unreliable since ,;,,:. r;~:' this is not new construction and may be misleading to the reader ~,. z 0 a This appraisal is made ®"as is", ^ subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been v completed, ^ subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, ^ subject to z the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not requin; alteration or repair. Appraised in current V conditon. ~' ~~ This re ort is also subject to other H othetical Conditions and/or Extraordin Assum 'ons as s ecrfied in the attached addenda. Based on the degree of inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Llmlting Condltlons, - t~bN and Appreiser's Certifications, my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject . tf,.: of this report is: $ 170,000 , as of: March 23, 2010 ,which is the effective date of this appraisal. ~', If indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in Phis report. See attached addenda. A true and complete copy of this report contains 11 pages, including exhibits which are considered an integral part of the report. This appraisal report may not 6e properly understood without reference to the information contained in the complete report ~ Attached Exhibits: v ^ Scope of Work ®Limiting Cond./Certifications ®Narrative Addendum ®Photograph Addenda ®Sketch Addendum Q_ ®Map Addenda ^ Additional Sales ^ Cost Addendum ^ Rood Addendum ^ Manuf. House Addendum a ^ H othetical Conditions ^ Extraordina Assum 'ons ^ ^ ^ ~~~ ~~~r Client Contact ent ame: Estate of Dale F. Shughart, Jr. x`>> E-Mail: Address: 25 Rollin Drive Carlisle PA 17013 ~~~~ APPRAISER SUPERVISORY APPRAISER rrf required) or CO-APPRAISER (if applicable) ~: w ~~ erviso Su or }" ry p Q> A raiser Name: Susan B. Burkholder PP Co-Appraiser Name: ~. Company: Diversified Appraisal Services Company: ~, . Phone: 717-249-2758 Fax: 717-258-4701 Phone: Fax: ~; . '; E-Mail: sue.burkholder@gmail.com E-Mail: `,_ Date of Report (Signature): May 10, 2010 Date of Report (Signature): Y'~" License or Certification #: RL-000659-L State: PA License or CenSf'ication #: State: Designation: Designation: ''.:_ Expiration Date of License or Certification: June 30, 2011 Expiration Date of License or Certification: 's Inspection of Subject ®Interior & Exterior ^ Exterior Only ^ None Inspection of Subject: ^ Interior & Exterior ^ Exterior Only ^ None ,: Date of Inspection: Aril 12, 2010 Date of Inspection: ~ R ES I Q E IVTIA L ~opyngm~ cool uy a is moue, ore. ons loon may ue ~epiuuuceu unnwumeu wlmwi rrnuou ycnummuu, nurrcrm, a la ^IUUG, 1114. IIIWI UG G4NIYYfIGY1jGY UIIU NGYlluu. Fonn GPRES2 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE 3/2007 Suonlemental Addendum Fle No. 051010S25 Rolling Borrower/Client n.a. Pro a Address 25 Rollin Drive C' Carlisle Cou Cumberland State PA Zi Code 17013 Lender Estate of Dale F. Shu hart Jr. Additional Comments: The subject is older than five years old. All mechanical systems including heating, electrical and plumbing systems appear to be working adequately. No warranties are implied in this statement. One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's area, none have sold recently, therefore, sales in excess of six months ofd have to be used. All three comparables used were the best available. Although there are other similar home in the subject's neighborhood, none have sold recently. Therefore is was necessary to use sales further than one mile from the subject property. The sales used are the best available. Scope of Work: Scope of work is defined in the Uniform Standards of Professional Practice as being "the type and extent of research and analyses in an assignment." This inGudes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the property being appraised. Privacy Notice: Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal taw to inform their clients of the policies of the firm with regard to the privacy of the client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisal, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. Byway of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All independent contractors and any third patty consultants we engage are informed that any information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disGosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insure the security and integrity of your information. Signature ~ ,bGi~~.~ ~ 5ignature Name Susa B rkholder Name Date Signed May 10, 2010 Date Signed State Certification # RL-000659-L State PA State Certification # State Or State License # State Or State License # State Divers~ed Appraisal Services Form TADD2 - "TOTAL for Windows° appraisal software by a la mode, inc. -1-80D-ALAMODE Building Sketch (Page - 1) Borrower Client n.a. Pro a Address 25 Rollin Drive C~ Carlisle Cou Cumberland State PA Zi Code 17013 Lender Estate of Dale F. Shu hart Jr. 49.0' 28.0' One-story 30.0' 21.0' Carport 28.0' 49.0' SKETCH CALCULATIONS Al : 49.0 x 30.0 = 1470.0 A7 First Floor 1470.0 Total Living Area 1470.0 Form SKT.BIdSkI - "TOTAL for Windows° appraisal software by a la made, inc. -1-S00-ALAMODE Borrower Client n_a. Pro Address 25 Rollin Drive C' Carlisle Cou Cumberland State PA Zi Code 17013 Lender Estate of Dale F. Shu hart, Jr. Comparable Photo Page Borrower Client n.a. Pro a Address 25 Rollin Drive C Carlisle Cou Cumberland State PA Zi Code 17013 Lender Estate of Dale F. Shu hart, Jr. - - Comparable 1 ~ , r- ~ ~' ' ~.~` ,.~, y;'; ~ ~~ , 240 Belvedere Street r ~~ ," ~ ~ ~ a. ^~ . - ,, .nV.-.mil- * ., ~++~tirR ~~~. r VFI.'.eri 'F ^~v: ::h:_. f ~... ~ `... ~~A~.. ~a~ti ~ 1 va~ t 4.J:t ~r 1Cii3:.,u. „r. 4 „ -- ~ Comparable 2 !i . ~~~ ~ ~ ~ ',~ ~ i~ ~ . ...~, - 1028 Hill Place ~St ~ _ ~ ~W a. w ' __ .~ I `~i.~ i i I I _ ~.;~:,- _~ ,;,,~ Comparable 3 - .s. 159 Garland Drive .~, ~ ~ ~iF r Ci; ~~ fi7s~hZ Sn z +~. •~ ~ .w. 27'~ ~ A^ Form PICPIX.BR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Location Map Borrower Client n.a. Pro a Address 25 Rollin Drive C' Carlisle Cou Cumberland State PA ~ Code 17013 Lender Estate of Dale F. Shu han`. Jr. II ~ Dickinson I I ~ 1 , ! i i - -__--I L--__ ' I ~ i i 11I ti 11'` 16$1. GoB ----__.. _--- ! ~ 1 , r--- ~ ! " ~~ =- ~ufh ~ dleplr Id'IIr IrcYrlMlr ° 1 i ~ -~ ~h9Qtta _ _.. 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''~ _= ~ ~ . ~ ~ ~ I' 1 " r.~. _- Drckinson I I __= i ( r----- '~ r= ,Ltbg~,~ir -~ I ' °J ; p h -~.7d1...-----~- -I -- .. -- ~M9Fi :Sf= _ r . ~ i ' c- _ a r - ' ~ _ `fir. - ~ ~ , I e=-= ore fir=- -_ - J , aw t of t ! -___ i ~ - ' f ~ j r c~-_ Carlisle % ~ ~ . - :_p~rti ~ ;' I;M1-(:FS~ e) ~ ~ ~ i ~-~_ _ __ - }5 ''ll; ,I' __ - ~~ I ~ Avg-= ___ 'i in-====__- , , ~ ; I' ~ 4V=SOGff;=Sf= ~~+~AfsEA a 1 I ~~. . } Plaza hhll --_ --- - ~ ~ I ~, m y? 3 ~ ,v~==_- v =--- : ~ I ~ f =__-- tah~Sr-Cf ~=_`-n i I a ' ' fi _ ~, i __..~_ U=-~ _ .. r vesf ~ '' A4 li ~ i I I -m ~ Park , S~ve~g.~ ~ - I a ~ . ~__ ___---- . ~~ - - _ L ; I j I ~ I = ---9__-- l ; I ~ ---, r- I ; ~ ~r~'i j I .' ; ; _; - c_ . ~ ~----_= 1Y r F' ' _ m_ I I '- 1 u--_ ' ~ -~ ~ ; (tour=Sr! ~ I _ a - j _- ~ c~ 1 I_ . ~ - Si , , t 4 " ''~~ ' ~ ytl =------- II - -_' ~ -- r---i }_. ~_ = . , Thorn•rald Pa = - ___- rk ~ fIj` --- -_- _ ~1 4 i i y_._ I 1 ,,. _ , d ~ I ~ _ r t ~ ~ ,. n - " Biddle C~(I " ~' 'i= ii ~i it j i~t- ~ - I { .I liL ~~~ I _ _ --__ i ---- ( ~ :; I ! I I - _ _^ - --_= I Ili -- - ;Boling r' I I - - I? _'- -- --_.I _r L-~ ------ ' -_ iTe+dd=Rd::-,.0t~ I I t- -.l 1 ~ I I State=l•.v~ =~ yp ii ~ / _ g c,? 11 r._--- 1 I ~ aS~ l l ~ `'r{~ 'IJI I I°~onnp Brook ,,~' II L- - _ __ . :,~-:=t~a~D~== - - i ~ - I , is I I~dsa~=Ln ~ - II _ - - - _ II II I ~ 1I .1~ II it II II II II I I 11 11 '~ iJ f ,I ~ X2014 MicrosoRCC~r~ 42045 NA41EQ.~uC,Vrre1E Atlas,lnc. Form MAP.LOC - `TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seNer to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser wilt not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and martcetable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements. and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmenta! assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser wiH not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. T'he appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the bon'ower, the mortgagee or its successors and assigns; the mortgage insurer, consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac form 439 6-93 Page 1 cf 2 Fannie Mae Form 10046 6-93 Divers~ed Appraisal Services Form ACR DEFD - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE APPRAISER'S CERTIFICATION: The appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. 1 have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related parry, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. 1 did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. 1 acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparebfes in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ' ADDRESS OF PROPERTY APPRAISED: 25 Rolling Drive, Carlisle, PA 17013 APPRAISER: Signature: (1 _ ,~ ,r Name: Susan u o Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: June 30, 2011 SUPERVISORY APPRAISER (only if required): Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: ^ Did ^ Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae form 10048 6-93 Form ACR DEFD - "TOTAL far Windows" appraisal software by a la made, inc. -1-800-ALAMODE ROM :DiversiFied ~ESiDENTtAL Appraisal Svcs. FAX N0. :717-258-4701 Diverstfied Appraisal Services Sep. 23 2010 03:19PM P1 APPRAISAL Sl1MMARY REPORT Cllr Nee r1S 1 M ~gCabin ;;: _ City: Boilinst Springs. , „ ,_., •__ State; PA Z'ip Code: 17007 .. _ _.__ ., Property Address: Road .._,._,,,_ 680 Mountaln _, _ _ Cau .Cumberland Legal Desch on: Deed Book 268 Page 1401__ _ _._• __...._..._ .. . . !~''...._ ..._.. .._ ... PU.._...._.__ Asaesaors Parcel #: 40-13-0126-024 ___ Borrower [rr applicable): n.a. $ ___ _ .. ._ 760.42 Spacial Assessments: Tax Year: 2010 R.E, Taxes: $ n .a, . . _ _ _,..,..___ _ . . Occupant ~ Oumer. _ • LJ Tenant ~, ] Varard ~ [„LManutactured Heusi . . Current Owner of Record;_ Dale F. 5hughart, Jr. _ . .. _ P ct Typa:. _ I I PUD ~ Condorninklm I I Cooperative [~ Olf»ar (describe) _. _ •.. HOA: $ ._, I J..I pet year n por month Market Area Name: South Middleton Townshi M Reference; 40-13-0128-02 Census Tract: 128 ~ . The purpose of this appraisal is tO devebp an o kllon Of: Market Value~aa dPtlhed), or other type,of.vallte (descrlb~ ~° ' This re ort reflects the fobowing value CII not Cumerrt, see comtr>Pltts); (-~I Current (Ihe Ins ectkm Date Is the Effective Date) _ f~, RevospectlVe n Pro active .. P . .. _ ~_,J Cost Approach C I Income Approach (See ReconcNlation Comments and ScoQe of Work) A roaches developed tar tttis appraisal: QCJ Sales Comparison Approach . Pro en RI hta A raised: ~ Fee Simple I ~I Leasehold. U Leased Fee _ n Other (describe) ____.. „ •__._•_ . _ • Intended Use: The intended use of this appraisal is_to establish value For inheritance tax.. _•_ _, ___.,... Intended User(s)..(by name a type); Fatale of Dale, F. Shughart, Jr. _,.__ ' ~. Client Estate of Dale F. Shughart, Jr, _.__.... Addre.9s: 25 Rolling Drive, Carlisle,~PA 1701,3 A raiser Susan 8. Burkholder Address: 35 E. H h Stree Ste 101 Carlisle PA 17013 Location: Urhan Suburban Rural predominant Otle-Unlt Houaltrg Preeenl Land Use Change In Land Use Built up: Ll Over 7596 ~ 25.7596 ~I Unr~r Z5% 0occccupancy PRICE AGE Ona-Unit 40 % Q~ Nat Ukely ' Growth rate: I , ]Rapid ISd Stable LI Sbw ~ Owner $(000) (yrs) 2-4 Unh % (~ Uke1y * ^ In Process Property vakteq: (•~ I Increasing ~ Stable I~ Dechrung U Tenant 70 Low 5 Multl-Unit • 96 ' To; Demand/suppry: I .. I Shortage ~J In Balance I ~ I Over Supply ~] Vacant (0-5%) 500 Hf h 100 Canm'I • • •. % __. • Markeq gtne; I~ Under 3 MOs. ~ 3-B Mos. I I Over 6 Mas. Vacant > 596 175 Fred 40 Vacant 60 % Market Area Boundaries, Description, and Markel Conditions (including support to the above characteristics and trends): The.sub)ect neighborhood is bordered„_ by Route•94, Mount Holiy Sptyng, Boiling Springs and Adame County__..... , _. __..__ ...__. r ~ Dimensions: Irre ular Site Area: 15.95 ecxes Zanirtg Classification: Woodland Conservation __•_•• •, ___ DeRrtiptktrt: Fadstina use ie permitted Zonl Coro lance: L I nortconfotm ndtathered Ig al No writ Are CCIi~Rs Icabie? L.J Yes I I Na Unknown Have the documents been revbwed? (-1 Yes (• I No Ground Rent cable / Highest & Bast Use as improved: pd Preaem use, or f ~] Ottt~ use (explain) __ . • ._•. __ , ~.____..__. _ _. Adual Use as of Effectlve Date: Seasonal use ___ _ . Use as appraised In thiq report: Seasonal use _,___ _.,_ .•_,,.,. Summary of Highest 8 Best Use: Continued use as seasonal cabin. _,_____. _„_,... .. ,. _ . ,,. „_„ _ Utlllitlee PtlhRc Other PravideriDescrlpdon Oft~-olte Improvetrtants Type Public Private Topography Roiling to steep Electricity ~ I I ._ _ Street Macadam _._ • 6a I-1 Site Lamer than, typical , „ . ... ... Gas (~) ~..•f _ „ CurblGutter None _ _ U U Shape Irre ular Water ~_I (~ Well _ rl I~I Sidewalk None. Dralirrage ~pearsadequate .... ___ Sanitary Sewer [_~ ~ On site _ _ . Street Llghta None .._.____ I I I . I View Avereae .__._..__... .. :..... . _ Storm Sewer C-I I. ANe None I._.I Other site elements: Inside Lot Comer Lot Cul de Sac I Ur-der round Utlgties I_.I Other descr~a _ FEMA S 'I Flood Hazard Area Yes ~ZJ NO FEMA Flood Zone X FEMA Ma # 42041004105 FEMA Ma Date 3-16-09 Site Comments: The subject is logat®d et the end of a macadam road. The site has.a well and septic tank on the site which is common of the .. _.. ~-- ...--- - __....... ... . . ane~a. --- ....._ Oarbnl b.sexlptlon Extetla Cal:riptlon Foundation Berement QC~ None Heating # OI Urns 1 ^ Acc,tlrit Foundation t:onc block Slab .None,_, Aree Sq. Ft ~ Type Baseboard # of Stales 1 _ __ Exterior Walls Comp shingles Crawl Space Yes % Finished Fuel Electric .___ Type ~ Det. ( ~ A2 I I Roof Surface Shingles Basement None CelAng Design (Style) Cabin _..._... _ Gutters & Dwhspts. Aluminum • ...._ . _. _ Sump Pump (~ Walls „__ ... ., .. Coogng Exlstlng n Proposed ^ Und.Cons. Window Type Dbl-hun Dampness I~ ~~l floor __ _.• Central _ ..... . Actual Age (Yrs.) 83 sears 5tomtlScreens Yes Settlemerrt None Outside Entry Other None .,_,,, Eflecdve A e rs. 40 ears Infastetlon None Interior DeocrlpUon Appllancea Attic L_I None AtnenNlea Car Storage LJ NOne F1Oarx Linoleum _„_. •„ Relrigtuator ~ Stairs ~ Flreplace(s) # 1 Woodstove(s) # ...... Garage # of can; ( Tat,) Walls D all/Panelin Rarge/Oven ~ Drop Stair I . I Patio _ __~__~ Attach, Trim/Finish Wood. _ .. Disposal n Scufti~ r~ _ Deck _......_ ... _. ., . , .. ... Detach. Bath Fbor Vinyl Dishwasher U Doorway I__I Porch Screened __ BIL-In , Bath WAlrtigcot Panelinct Fan/tlood U Floor ~ Fence _ Carport Doors Wood, Mlcrnwave n Heated n Pool ~_.~._ _., ._... Drlueway ___ WashegD er Flnlshed - Surface finished area above rode contains; 3 ROOma 1 Bedrooms t Baths 785 S ware Feet of Gruss Livin Area Above Grade Additional features: Screened, porch, fireplace, shed. ,_~_ ,_,... _._ ,,.. ... .. ., Describe the condflton Of the property (Including physical, functlanal and external obsolescenco): All im~ro_v_ements are considered, to be,in average condition on the int®rior and exterior. RE S I Q E NTI A L CopydphtNa 2007 by a la mode, Ins. TMs form may Do roprodocod unmodBlad wlmow wdnon pormlaslon, nowova, a la mono, inc. must bn nsimowlndgod and cradllntl. form GPRES2 - °TOTAL for Windows" appraisal software by a to mode, (nc. -1-800-ALAMODE ~200~ FROM :DiversiFied Appraisal Svcs. FAX N0. :717-258-4701 Sep. 23 2010 93:20PM P2 RESIDENTIAL APPRAISAL SUMMARY REPQRT FIIeNa: 051010scabin :w, My research did did not reveal any prier safes or transfers of the subject property for the three years pt1~ to the ettecdve date of this appraisal. Data Source(s~: Assessmenk records .,,...,. _....... .... ,..,,_ 1st Pdor Subject Sale/Transfer Analysis of sa~ftranster history and/or an cunerd agreement of saleNsting: No.eurrent Ilstinp or curr®nt agreement of Date: 11-17-04 _,,. sale is pending,, .. . _. _..... _ _.... .._.._. .I'r~e: $26,800 ._.. .__ _.... _ . ._. _ ' Sources :Assessment records, .._ _... _. .... ... _ . _. . 2nd Prior Subject SalelTrensfer Date: __ . .... _._ .. ...... ._._ .__ . ... .. _ .. _ __ . . Price: ... _ .. .. .. _ _........ . _._ ._.. --- ... __ _... SOllree 9 . SALES COMPAIi130N APPROACH TO VALUE ttev~elo The Sales Com orison A roach was not develo d for this a Isal. ~t FFJITURE SU_ BJECT COMPARABLE SALE # 1 __., _ COMPARABLE SALE # 2 __ _ COMPARABLE SALE^# 3 ___ Address 680 M f f7 d 1432 P Road South Side Drive 725 High Mountain Road ounta n Boiling Sprin oa s PA 17007 me Carlisle , ~ ~~ Newville • • __, Newville •-- Proximtty to Sub act _ ... Y. ~. e,;; :'-:.^:°'•° `'f~~~~„+~ _ 8.12 miles 14.46 miles __. , ,• •• _ 20.21 miles • . _ _ Sob Pnce .. ... . •.:<r•„'ts:.;..~.,{~~:~,..,:::~:::: ......._,w. :.. ~•...<. 21 ~ 000 a:•~ , ..: •::... rv:,• , '•~.,. , ' ....;,e • 100 ,000 :~. : _ -• .. • • : • , • p• 75, saga P~~P aGIA Is ft $ 08.04 /S ft. S 1 ~:. ,,... : ~ ~;~. ~ Y..~, •~,; , r';,, L,.:. , ti;. _ . 297.62•/sq.ft. $ ::~,::r'4 :;.i.~'s;,"a-r, Y:~ . a . 86~,15 ~gq.n. ~ :~..;;>;.; ; .~. , _o'::•, _ DAta Sarrcre s _. . _ , Courthouse , Courthouse .._ . Courthousg_ . _ _••• Vedfcation Source(s) _ •__ -• •• MLS ._.. ., •,,. •_ MLS _ _ , , _ MLS•• _•• •_ __ ... VALUE ADJUSTMENTS _ • •. DESCRIPTTION _,,, DESCRIPTION + - $ Adjust , •_ DESCRIPTION • ±(-) $ Ad usl. DESCRIPTION _ _ ±S-1$ Al 5a~s or financing Concessions None known Conventional None known Gonventl_onal None known Conventional Date of Sale/Time _.• .•_ ea of 3-23-10 -_-... 5-09 8 1 .._•- •••_ 2-15-~0 a-20-08 •_ • .__ ___ • , - , RlpMs Appraised _ Fee Simple „_ Fee Simple _ -, _•_ Fee Simple, , ••••• - Fee Sfm le __, .. . l~cxtloq_ _ •• Averrage Inferior .__ +6 100 ~j[erior .__ +5 000 Similar - __,,. _.•. Site _ , •15.95 acres 7.76 acres , , •__ +16 400 20.87 acres , __••• -9 800 7,04 acres ._•-__ +1.7 800 .... __. Yew •_ •• Average __ . Similar __ .__, „ . -•• , Similar . , • __ _ Similar Deslgn(Style~ Cabin Cabin__, ••-___ _„ Cabin • .••-_ ,-_.,,, Cabin.••••.•_• _. QUAII of Construction t _... Com shingles Conc block _• _• • _• Wood _., , , Wood _.._._.. Age ___ _ 63, years S9 y_ears _ __ _ 11 ears., - _.. . .. ._ 3fi ears, _. _ ._ Cond'dbn •._ • . Averse ,•_, . Similar -•_ _• Similar __, , _ Simil ar -. • •- • • Above Grade __ Total 8drms Baths Total Bdrms Baths- .• .• ••••••, Total Bdmrs Baths _• _•: • , .••, Total Bdrms Dmhs Room Count 3 1 1 „ ,. , 5 3 1 ;x,000 • 3. •. 0 0 ±2000 _4 • --1 1 -2 000 Gross LNing Area .tt. ..... 766 •• 1 120, sq,tt _. _ -5 300 __ _ _ 338 sq.ff, ry •_ _ +6 5p0 .._.... 780 sq-tt. . Basemerrt & Finished __ None 50% bsmt -3,000 None None Roams Below Grade None „ . _ . _ None __ , , ,,, • None _ _•__. • „ None _ .-_,..., Futtcdonal lltlhty , Averse ,_ , ,_ Similar. _ __ , Similar __•,_„_, Similar _ ..-_ Heatlng/Cooling Alec bsbd .••__ Elec bsbd , , •• _ _ None _._ . . . __ *~ None •_,•._ _ •••.• ±500 EnergyElllclnMltems None _,.. _-- None _.. ...,.. None _.., ,. _.. None Garage~(:arport ...._... ., .None 1-csr,Garport- -0000 None .._._ None,_ . • ---- Perch/Pado/Deck _.. _ .._... . Screened porch .--- - None - - ....... 2000 ±. None .. ... - +2 000 Large deck J F Ic shed, Wd stv 31 shds. • - • . -6 000 VVood stove +500 Fre lace +500 Well & Septic tank Yes _ IVo ...__ +10 000 Y®s„ .. ...._.._._. - _.. ... . . .._. . . NetAdJustment (f fti~ ' _ ,, ^ ~ ;: ~' :,.' ,;: ; ,'x; ,~,:!k•. •r'=`~•• .. Q;J + ~~ • $ • 3 200 + $ .. 1 ti 700 r . _,__ ~C } ... (:~ ~ - S 18 800 ~. • • Adjusted sale Place et Comparables ,i :• 7 ,; ' iy; y:r. ;1..:~1: r.:. ~ t~h .~, •~+;,-,_ ^s" ~ ;c;~~:,;~»`~;~'%~~.`;~`: :•:'.•? ;.~'~•:•_ ~y.~.`.,.:. i ' ~?;~. ~:;~~8 Y~;_,. $ 124,200 -`- ~ ~s Y, ' ~=f.~~- ,r;•I - ,.., "1 .~~:°: ~~_••'3 ' S 116 700 ?~P `` .~aFA+~. ~ ,.~,.o:~.. •~ ~'~'~~~•''rF• ~ $ 91 800 Summary of Sales Comparison Approach A location ad)_ustment was__made for sales 1 and 2 since these sales are located on right of wavg• Sales number 2 does not have a well on on site septic system. ___ _ _ _. _.. .._ Sales number 3 was_given the most consideration slnce,this sales is•similar in size and room count. ,,,,,,, , ,,, ._. intifcated Value b Sales Co rlson A roach $ s2 000 m RE51 D E NTf AL CapyrlpMK~ 207 by a le mode, Inc. Thla form may hn r~mrdlrial unmoAl(Ind v+Ithw~t wrltteo pmrnlaslon, howrver, a Farm GPRE52 -'TOTAL for Windows" appraisal software by a la mode, Inc, -1-800-AWuIODE must 3/2007 FROM :Diversified Appraisal Svcs. FAX N0. :717-258-4701 Sep. 23 2010 03:21PM P3 ts~c~nca~r~w~ wrolotaw~cwtr C1IMMARY RFPf1RT rn.u„~ nS,nl~r;cabin a1 GV~vv~~ ^ ar~~.. r~^ ^ r ter.^v~-..~ ~..-~.•-.~ ~- ~ - - --- - - - - • ------- -- - C08TAPPROACH TOVALUE develo The Cost roach was oat develo ed 1or this a ralsal. Provide adequate informatlon for replication of the tollowmg cost figures and ca~ufa6orts. ...-_..... - ..... -•• ---- ~Support for the opinion of site value (summary of comparable land sales ar other methods for astknagng site valrte): • -_ _ __._... . ESTIMATED I.._.I REPRODUCTION DR I. ~ REPLACEMENT COST NEW . __._._- OPMIION OF SfTE VALUE,..~:.._.__-_.-....._-_._„ ................,..._..._._.: _$ Souroe of cwt data: QWELLING .. ...-.. _sq~!-S~ $ ~~ _- -__- ... . servlce:• _ ._- - -..__• Ef(ecUve date of cost data: ra~nq from cust Quailty •__ , - ,• . „ .,, Sq•~• O 8 . ••~~ ~ _ _ _ Commottts an Cost Approach (gross living area calculations, depreciatlun, etc.): _._Sg,F)_,@ $, .--•----. =$__._._ .. . .... _$ ........ Garage/Cerport.. _._..._._..----~-FL @ $ ~ ~~ ..... . -._ Total Estimate ~ Cost-New ------. _$.. _ - . _-. Functlonal External _ Less Phs~~l ....._ .. -•.._• D.epreciatlon :.. ... ...._ .:..... D reciated Caor of Im vemems --_-•--- •...• . "As-is" Value ol5ite.lmproyenrents ...... ........._.._._.._..-..-.- _ _$ Esdma[ed Remeld Economy Llfe re re 20 Years fNOICAT®VAWE BY COST APPROACH ._-.. ,.. , - ~~ .. INCOANE APPROACH TO VALUE M develo I .. J The Income roach was not de veio ed far this a raisal, Estimated MarMtly Madtet Rent $ X Gross Rena Multlpller ~ $ _____, - - . .- Mdkated Value lyr Income A roach Summary of Income Approach (including support far market rent and GRM): ...........__..__ --~.- .. • ~ - PFtOJECt INFORMATION FOR PUDs a cable the Sub'ect is art st a Planned Unit Develo nL L al Name of Pro ct ..... ___ ....._.-_._ _.... Describe common e{emencs and recreatlanal tacllftles: Indicated Value . Selea Co A ach S 92 000 Coat A roach (It dsvelo ) # n.a. Ineorrre A pt deveb S n.a- Rnat Reconclgallon The Sales Comparison approach being_consideredtha most axurate in arrivinta at my final opinion of velue_-The Income, . -.__._ approach was not considered since this is an owner occupied sinele family dwelling-The Gist approach was considered to be.unreliable-since_ this Is not new oanstructlon and may be•misleading to the reader. . , , . ...__- _.. _.._.. . This appraisal is made (~ "as is", U subject to completion per plans and spealicaNona on the balls of a Hyporhetlcal Condldan that the impmvemertls have been completed, U subject to dte following repeks or altsratlons on the basis of a Hypothotlcal Condition that the repairs or aneratians have bean completed, I_ •I subject to the tollowing required Inspection based an the Ex6raordlnary Assumptlon that the condition or deficiency days nut require altaratlon or repair. Ap~releed in current condition. __.__.__ ..-__-- .._...__.-•-------------- ~ •• I TMs ort Is also sub ct to other N etlcal •Condltlana and/or ExtrAOrdina Assum ns as If~d In the attached addenda. Based on the degree of hrapectlon of lire aubf act property, ea tndtcated below, dsflrted Scope of Work, Statwnent of Aaaumptlona and Llmldng CondlUona, " and Appraisal's Certlficalbns, my (our) Opinion vl the Market Valus (or Miter specified value rypel, es defined herein, of the real pr~erty that la the aub~ect 01 this report la: i 99,000 . as of: Mard- 32, 2010 , whkdt b the elfeothre date of this eppralaal. If Indicated above, this OplNon of Value la wbject b Hypothetlcei Condltlona and/or Extraordinary Aaaumptiorrs {naluded In thta report. See attached addenda. A firs anti crntrplete copy of this report contains 11 pages, Including exhlblls which are considered an httegral part of the report, 'this appraisal repoA may not be propody understood without reference to tire iniorrnation contained in the complete report. Attached Exhlbhs: I~• I Scope of Work ~ L1mt6ng CondJCsrtitlcations ®Nanathre Addendum D4 Photograph Addenda ~ Sketch Addendum Map Addenda I ._~ Additional Sales I-1 Cost Addendum IJ Flood Addendum n Manul. House Addendum ~ _ ~ . thetlcal Conditions Extraardma Assum ' ns Client antact __ Ciierrt Name; Estate of Dale F. Shughart, Jr.__-_- . . E-Mail: Address: 25 Rollin Drive Carlisle PA 17013 APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (tf applicable) . ~ Supetvfs~,4~- Appralser Name: Susan S- Burkholder __•-• :.• Co-Appraiser Name; Company: Diver6lfeQ,Ap~raisal Services Companyr _ _ _ -.. _- 7-249-2758 - Fax; 717-259-4701 _ Phone: 71 Phone: -...• -__ Fax: -___ . _._- . E-Mall: sue.burkho(dert~arnail.com , _ ...- -,_~ E-Mai[: Date of Report (Signature): May 10, 2010 Date of Report (Signature): • Licerwse or CertilicaNon #: RL-000658-L State: PA _.- License or Certification ~R: -_•_.-, State: Designation: Designation: _ ....__ -, ._.,_._.,_ Explratian Date of License or Certification: June 30, 2011 _-___ Expltatlon Date of Ucerrse of Certl(Ieatlon: •~ . In.4per:tlan of Stlhlert: ~ Interior & Exterior ~] Exterlar Only U Nane ~ Nona Inspection of Subject r~ Iraerlor & Exterior Lj Exterior Only ( Date at Inspection: April 12 2010 Date of Ins action; ----- ~RESIDENTIAL cuDf~"A"~ Ya am 0. c. s otmmey erntxn ue u .. . . Form GPRF.S2 -'TOTAL tar windows" appraisal software by a la modo, inr., ---1 •B00-ALAMODE 3/2007 ~~JUPJ-Ol-2010(TUE) 11:00 Shughart Law Office ^ ~~ ~~A l/~' THIS STATEMENT FOR TAX PURI~OS~S ~~ 162 . DALE F SFNGHART JR 10 WEST NIGH ST CARLISLE F~ 17013 Dividend Reinvestment lntormadon gecord Date: 05 07 10 Petrnble Deter 05 19 10 peln~entment antleet: lartt.t'. tix~'t't-t1t1;'C'f'M7;'At'N • t~COF~D DATC t3MAWC8 EN1a01.Lt:0 IN IiEiNVt:S"I'M~N'r Amount Wttnhcld From t3toaa Net amount S4t:urlt - • ' Cotttllca-o ~n4 8aok ;+hnraa ~• P14n Stwroa Tbt~lJ fiolnwatmont Stwro Fln-n( Group Arttounll5) 'Tiacf Roa[S) Reln~rvuoe, Common Stock 759.0000 97x.3175 '' 173J.3175" O.w:000 5381.33 x381.33 Plan Account Activity Datn Doocriptlon Foot nndlar Commioolano Net DoIMr Amvttn Prfco por Shnrta ~ Tctnsactlon Shoron Tots! Shnros In Plun 9alnnco Fntwr,rd 963.3661- 02/24 05/19 5S PDRt331SED /DIV. SFL~}tE5 PORt'~SED /DIV. 5378.92 S3B1.33 34.500000 24.540000 1Q,g 1q 15.5397. 97x,3175 989.8556 Year-To- Date investment Summa I7lul 7'otel donclo($) 'ihx tNithhald(~ GptlahaUValuntstry Invdstmanb(SJ glt>rnunl Income Fooa nndlar Comml9alana Pald by Yau(!n ?lvc Roportabte Comptmy Pttld Faea and/or t,,cmm)tsafant:(~ Tatul $76o.z5 ~760.~5 coral rlata)ngs ana marlcec value value of ait shares are based on last urchase price) Sowdry t„onlltrato 6haroa Rook Shnra9 Pinn Sharco 7atral Shnros Price btar 5haro15) Murkcl VraluofS) (: FR;~;~ 71 T2r11 4021 P. 001 :'001 Investment Plan Statement for Shareholders of 5772 Otl~o'~!{ OP~t;y7~GWN cu-1. t~nna», u~c. a~~~~~ If you have any questions ragarc!(ng your account, please contact Inutzstar Rolt~tlons 3t 1-800.386.5948 ar at Info®rtco.com. ACCESS YOUR ACCOUNT ONt.INS( . You r.,an across and manage your account online through the t:itaglstrar and Trant,iar Campeny website, To login, simply ga to www.rtco.com and click on "Online 9ervlces" to request a Us®r ID end password, IsSUn# Account# Stock Symbol 5772 D7654460D6 ORRF COMMONSTOCIC I 759.0000 I ( 999.8566 I 1748.9566 I X4.544000 I $4:,916.94 1~ALE P SHQCHART ~ , 10 WEST kIIG~I ST CARLISLE PA 17013 Optional Investment Make chock payable to; Rcplsd~arartdT~artctor Company Arnnunt oncicsvd In IJ,S, Dallvra; Yvur Qptlonal Invoatmont can be u minimum of $90D.00 par InvQStmcnt and a maximum of 52,500.00 por quarter Transat:tian Form A hold will bo pirtcod an rill tmrtartctlons it an nddrnaa d,anpn ht>n aacutrcd within iho lust 1~ duys. Pp{rtlal Withdrawal Carnlnua Pinh panlclpatlan Ip0u61 A cortlll~nta lac thla number al book and plan ~ttnrots Sall thlo number at book 4nd plpn ghproo Full Wilttdrnwpl Torminnte Pinn pan(alpalinn ^ Inoue a conificnto far all full hook and plan eharoa and a chock far Iructlnrwt utiutoa Sell n11 book and plaan ahraroo ~4ddroar9 chongo or shoro transfer tda-h pax pled eomplele the appmprlals ^ parttan ort tna ro~ur:wo altto ~~'r.7'~ ORRS7CDWN i•'II~ANtDfAL aE".EiVSC1=5, INC, .r s<t~rrt~.~t.~.rr..~. Issueff: Accaunltt: 5772 0766446006 Signaluro(a) for 18auancQ or aaio andlor change of addratzt3. " Mcdailla/~ ~lpnal4rv Guaranlea laqulrvd Ipr Bala hequapl of ~t O,dOb ar hlGhor, 1111 lalnl o~rnets mvol s{pn. Names must tRt elp`nod $~Mty n. nhvwn on Ihla g~ahttwnt. (PnrlrlarlQlllcarlTrUateemint elfin •e I'ennerlt3Aloedf rualna,) JUfJ-1 1-201 0(FRI ) 1 a; 12 ORRSTOiA~N E~II~fK (FflV'1 t 1 i 2a930i 0 P. Q1°;'021 ~/11l1U Deposit Inquiry D~ ,uc 10:36:34 ~, Dale F Shughart ~r Att orn ey at Law Account n umber: 117404 Messages Interact Banki ng 1 of 1 Last stmt balance: 7,5]0.33 Last stmt date: 5/31/10 - Current balance: 8,466.85 Statement cycle: 31 1=View 6=Print T~'1"s@t Control: From To Posted Cheek No S T/C Debit Credit Balance _ 3/19/10 4066 P 090 120.75 4,457.95 _ __3/23/10 ~~ 4067 P 097. 75.00 3;982.95 _ 3/24 /10 4065 P 091 7., 07.0.86 2 972: p"y _ 3/29/10 P 020 ~ 1,295.00 ~ 4,267.07 _ 3/29110 4076 P 090 ~ 140.00 4 127.07 _ 3/30/10 4075 P 091 970.00 , 3 157,07 3/31/10 ' 160 .04 , 3 157.11 3/31/10 151 .01000000$ , 157.11 3 4/01/10 401100040 } 141 10,000.00 , 13,157.11 9/01/7.0 151 .05000000 13,157,11 _ 4!05/10 9077 P 091 1,168.65 11,988.26 _ 9 /06/10 P 020 3, 900.00 15 888.26 _ 4/07/10 P 020 400.00 , 16 288.26 _ 4/7.2/10 4073 P 091 213.19 , 16,075.07 F4=Redsply F6=Ba1 Inq F7=Scan Fwd FB=Scan Bkwd F17. =Prior bal More... F15=E~'T F16=Sort F17=Top F18=bottom F19 =EDI L'20-Unfold F22= T/C F23=Checks JUN-11-2010(FRI) 1:12 ORRSTO~~P~ BANK !.FAi()i1i2~9°010 P. 020.'021 6 / 10 / 10 Deposit Inquiry C~`~~ ;~~ ~=~ ~. 5 : 31: 0 6 Dale E Shughart Jr Attorney at Law Account number: ^117412 Closed Messages Internet Banking - ~~;~~ ~ 0 1 - Last stmt balance : 3,905.97 Last stmt 5/ date: 10/10 Current balance: .00 Statement cycle: 10 1=View 6=Print T=Tset Control: From To Posted Check No S T/C Debit Credit Balance 2/~.0/l0 160 .03 3,425.46 2/x.0/10 151 .01000000 3,425.46 2/12/10 1502 P 090 75.00 3,350.46 _ 2/12/10 1500 P 091 41.00 3,309.46 _ 3/03/10 P 020 595.92 3,905,38 ' 3/10/10 160 .03 3,905.41 151 .01000000Q 3,905.41 4/11/10 160 .03 3,905.44 4/11/x,0 151 .01000000b 3,905.44 5/10/10 x.60 .03 3,905.47 5/x.0/10 151 .O1000000b 3, 905.97 6!02/10 P :L60 .03 3, 905.50 6/02/10 I~ 050 3, 905.50 .00 _ 6/02/10 151 .00000000 .00 Bottoaa F4=Redsply F6=Bal Inq F7=Scan Fwd FB=Scan Bkwd F11=Prior bal FlS= EFT F16=Sort F17=Top F18~Bott om F19=EDI F20=Unfold r22=T/C F23=Checks ~'~`, f SCHEDULE C Profit or Loss From Business OMB No. 1545-0074 (Form 1040) (Sole Proprietorship) - Partnerships, joint ventures, etc., generally must file Form 1065 or 1065-B. ~ OO~ Department of the Treasury Attachment Internal Revenue Service ~ssl - Attach to Form 1040, 1040NR, or 1041. - See Instructions for Schedule C (Form 1040). Sequence No. 09 Name of proprietor Social security number (SSN) Dale F Shughart Jr 200-36-1646 A Principal business or profession, including product or service (see the instructions) Law Practice B Enter code from instructions - 541100 D Employer ID number (EIN), if any 25-1802515 C Business name. If no separate business name, leave blank. Dale F. Shughart, Jr., Esq. -- E Business address (including suite or room no.) - ___ 10 West High Street, .. T . ........... ...~.... City, town or post office, state, and ZIP code Car i s to PA ~'7a~ ~ F Accounting method: (1) ~ Cash (2) ~ Accrual (3) ~ Other (specify) - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ G Did you "materially participate" in the operation of this~business during 2009? If "No," see instructions for limit on losses . ~ Yes ~ No H If you started or acquired this business during 2009, check here .- Income 1 Gross receipts or sales. Caution. See instructions and check the box if: • This income was reported to you on Form W-2 and the "Statutory employee" box on that form was checked, or •- ~ • You are a member of a qualified joint venture reporting only rental real estate 1 10 7 , 7 3 8 income not subject to self-employment tax. Also, see instructions for limit on losses. 2 Returns and allowances .............. 2 3 Subtract line 2 from line 1 3 10 7, 7 3 8 4 Cost of goods sold (from line 42 on page 2) . 4 0 5 Gross profit. Subtract line 4 from line 3 5 10 7, 7 3 8 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) 6 0 7 Gross income. Add lines 5 and 6 - ...................................... 7 10 7, 7 3 8 Ex enses. Enter ex enses for business use of our home onl on line 30. 8 Advertising 8 18 Office expense 18 2 , 7 51 9 Car and truck expenses (see 19 Pension and profit-sharing plans 19 instructions) 9 0 20 Rent or lease (see instructions): 10 Commissions and fees 10 a Vehicles machine & e i t 20a 0 11 Contract labor (see instructions) 11 , ry, qu pmen b Other business property 20b 11, 9 5 0 12 Depletion 12 _ 21 Repairs and maintenance . 21 3 537 13 Depreciation and section 179 22 Supplies (not included in Part Ill) 22 expense deduction (not 23 Taxes and licenses 23 6, 671 included in Part III) (see 3 7 0 6 24 Travel, meals, and entertainment: instructions) 13 , 24a a Travel 14 Employee benefit programs (other than on line 19 ) 14 b Deductible meals and entertainment (see instructions) 24b ' 15 Insurance (other than health) 15 4 , 4 2 7 25 5 610 25 Utilities ' 16 Interest: 26 Wages (less employment credits) 26 a Mortgage (paid to banks, etc.) 16a 27 Other ex enses (from line 48 on b Other 16b p page 2) 27 4 3, 97 9 17 Legal and professional services 17 1, 7 3 4 28 Total expenses before expenses for business use of home. Add lines 8 through 27 . - 28 8 5 , 9 0 5 29 Tentative profit or (loss). Subtract line 28 from line 7 29 21, 8 3 3 30 Expenses for business use of your home. Attach Form 8829. 30 0 31 Net profit or (loss). Subtract line 30 from line 29. . ,.. • If a profit, enter on both Form 1040, line 12, and Schedule SE, line 2, or on Form 1040NR, line 13 (if you checked the box on line 1, see instructions). Estates and trusts, enter on Form 1041, fine 3. 31 21, 8 3 3 • If a loss, you must go to line 32. 32 If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on both Form 1040, line 12, and Schedule SE, line 2, or on 32a ~ All investment is at risk . Form 1040NR, line 13 (if you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter on Form 1041, line 3. 32b ~ Some investment is not at risk. • If you checked 32b, you m ust attach Form 6198. Your loss may be limited. KIA For Paperwork Reduction Act Notice, see the instructions. Schedule C (Form 1040) 2009 .. ~~ ~,..,:.~:~ule C (Form X040) Zoos Dale F Shughart Jr 200-36-1646 Paget Cost of Goods Sold (see instructions) 33 Method(s) used to value closing inventory: a ^ Cost b ^ Lower of cost or market c Other (attach explanation) 34 Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If "Yes," attach explanation ^ Yes ^ No 35 Inventory at beginning of year. If different from last year's closing inventory, attach explanation 35 36 Purchases less cost of items withdrawn for personal use 36 37 Cost of labor. Do not include any amounts paid to yourself 37 38 Materials and supplies 38 39 Other costs 39 40 Add lines 35 through 39 . 40 0 41 Inventory at end of year 41 42 Cost of oods sold. Subtract line 41 from line 40. Enter the result here and on a e 1, line 4 42 0 Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) - _ _ _ 01 / O 1 / 0 6 44 Of the total number of miles you drove your vehicle during 2009, enter the number of miles you used your vehicle for: a Business _ _ _ _ _ _ _ _ _ _~ _ _ b Commuting (see instructions) c Other 0 45 Was your vehicle available for personal use during off-duty hours? ~ Yes ^ No 46 Do you (or your spouse) have another vehicle available for personal use? a Yes ^ No 47a Do you have evidence to support your deduction? X^ Yes ^ No b If "Yes," is the evidence written? ~ Yes ^ No Other Expenses List below business expenses not included on lines 8-26 or line 30. Dues -------------------------------------------------------------- Auto - 5,678 miles -------------------------------------------------------------- Publications -------------------------------------------------------------- Parking -------------------------------------------------------------- Gifts -------------------------------------------------------------- Wages -------------------------------------------------------------- Employee Benefits -------------------------------------------------------------- 48 Total other expenses. Enter here and on page 1, line 27 . KIA 1, 773 3, 123 838 185 692 33, 971 3, 397 43, 979 Schedule C (Form 1040) 2009 i CHEDULE C Profit or Loss From Business OMB No. 1545-0074 (Form 1040) (Sole Proprietorship) 200 i - Partnerships, jo nt ventures, etc, generally must file Form 1065 or 1065-B. Department of the Treasury - Attachment Internal Revenue Service (99) Attach to Form 1040,1040NR, or 1041. See Instructions for Schedule C (Form 1040) , sequence No. 09 Name of proprietor Social security number (SSN) .: Dale F Shughart, Jr 200-36-1646 A Principal business or profession, including product or service (see instructions) B Enter code from instructions Law Practice ~ 541100 C Business name. If no separate business name, leave blank. ~, p EmployerlD number(EIN), it any Dale F. Shughart, Jr., Esq. 25-1802515 E Business address (including suite or room no.)- 35 East High Street, #2 03 ` ------ --------------------- -------- City, town or post office, state, and Z!P code Car 1 i s 1 e , PA 17 013 ~ F Accounting method: (1) X Cash (2) Accrual (3) Other (specify) - _ _ _ _ _ _ _ _ _ _ _ _ _ _ G Did you 'materially participate' in the operation of this business during 2008? If 'No,' see instructions for limit on losses . X~Yes No H If ou started or acquired this business during 2008, check here .............................................................. ~ Income 1 Gross receipts or sales. Caution. See the instructions and check the box if: • This income was reported to you on Form W-2 and the 'Statutory employee' box on that form was checked, or • You are a member of a qualified joint venture reporting only rental real estate income not subject to self-employment tax. Also see instructions for limit on losses .................................. ~~ 1 180, 592 . 2 Returns and allowances ............................................................................... 2 3 Subtract line 2 from line 1 ....................................... .. ................................... 3 180, 592. 4 Cost of goods sold (from line 42 on page 2) .............................................................. 4 5 Gross profit. Subtract line 4 from line 3 ................................................................. 5 18 0 5 92 . 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) ...................................................................................... 6 7 Gross income. Add lines 5 and 6 . ~ . .................................. 7 180, 592 . EX enses. Enter ex enses for business use of ou r home onl on line 30. 8 Advertising .................... 8 4 4 0. 18 Office expense ......................... 18 3, 7 4 4. 9 Car and truck expenses 19 Pension and profit-sharing plans ......... 19 3, 507 . (see instructions) .............. 9 3, 525. 20 Rent or lease (see instructions): ,.. 10 Commissions and fees ......... 10 a Vehicles, machinery, and equipment ..... 20a 11 Contract labor b Other business property ................. 20b 11, 375 . (see instructions) .............. 11 21 Repairs and maintenance ............... 21 2 522 . 12 Depletion ..................... 12 22 Supplies (not included in Part III) ........ 22 13 Depreciation and section 79 23 Taxes and licenses ..................... 23 6, 18 6 . 1 expense deduction (not included in Part lil) 24 Travel, meals, and entertainment: (see instructions) .............. 13 1, 297. a Travel ................................. 24a 14 Employee benefit programs b Deductible meals and entertainment (other than on line 19) ......... 14 (see instructions) ....................... 24b 724 . 15 Insurance (other than health) ... 15 4, 314. 25 Utilities ................................ 25 6 172 . 16 Interest: 26 Wages (less employment credits) ........ 26 3 5 , 0 6 9 . a Mortgage (paid to banks, etc) ........ 16a 27 Oth f li b Other ......................... 16 b er expenses ( rom ne 48 on page 2) ................................ 27 2 9 91. i 7 Legal & professional services ... 17 2 , 0 9 7 , 28 Total expenses before expenses for business use of home. Add lines 8 through 27 ........................ ~ 28 83,963 . 29 Tentative profit or ((oss). Subtract line 28 from line 7 ...................................................... 29 9 6, 62 9 . 30 Expenses for business use of your home. Attach Form 8829 ............................................... 30 31 Net profit or (loss). Subtract line 30 from line 29. • If a profit, enter on both Form 1040, line 12, and Schedule SE, line 2 or on Form 1040NR line 13 (if ou checked the b x li 1 i t i E , y on o ne , see ns ruct ons). states and trusts, enter on Form 1041, line 3. ............... 31 96, 62 9 . • If a loss, you must go to line 32. 32 If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on both Form 1040, line 12, and Schedule SE, line 2, or on Form 1040NR, line 13 (if you checked the box on line 1, see the line 31 instructions). Estates and trusts, enter All investment is on Form 1041, line 3. 32 a X~ at risk. Some investment • If you checked 32b, you must attach Form 6198. Your loss may be limited. 32 b is not at risk. BAA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule C (Form 1040) 2008 FDIZ0112 11/20/08 ". i i chedule C (Form 1040) 2008 Dale F Shu hart, Jr 200-36-1646 Page 2 . ~" ~ COSt of Goods Sold (see instructions) 33 Method(s) used to value closing inventory: a Cost b Lower of cost or market c ~ Other (attach explanation) 34 Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If'Yes,'attach explanation ............................................................................. ... .... ~ Yes ~ No 35 Inventory at beginning of year. If different from last year's closing inventory, attach explanation ...................................................................................... 35 36 Purchases less cost of items withdrawn for personal use ........................~......................... 36 ,~ 37 Cost of labor. Do not include any amounts paid to yourself ............................:.................... 37 38 Materials and supplies ................................................................................. 38 39 Other costs ........................................................................................... 39 40 Add lines 35 through 39 ................................................................................. 40 41 Inventory at end of year ............................................................................... 41 42 Cost of oods sold. Subtract line 41 from line 40. Enter the result here and on page 1, line 4 ................ 42 Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) - 44 Of the total number of miles you drove your vehicle during 2008, enter the number of miles you used your vehicle for: a Business _ _ _ _ _ _ _ _ _ _ _ b Commuting (see instructions) _ _ _ _ _ _ _ _ _ _ _ cOther 45 Was your vehicle available for personal use during off-duty hours? .................................................... ~ Yes ~ No 46 Do you (or your spouse) have another vehicle available for personal use? ............................................. ~ Yes ~ No 47a Do you have evidence to support your deduction? .................................................................... ~ Yes ~ No b If 'Yes,' is the evidence written? Yes No ... .................................. Other Expenses. List below business expenses not included on lines 8-26 or line 30. Dues ------------------------------ 1, 759. Publications ----------------------------------------------- ---, 1,132. Gifts ---------------------------------------------------------- 100. 48 Total other expenses. Enter here and on page 1, line 27 .................................................. ~ 48 ~ 2 , 9 91 . Schedule C (Form 1040) 2008 FDIZ0112 11 /20/08 SCHEDULE C Profit or Loss From Business St OMB No. 1545-0074 (Form 1040) (o a Proprfetorshfp) 2~~7 Department of the Treasury 'Partnerships, 'oint ventures, etc, must file Form 1065 or 1065-B. -nternal Revenue service (99) 'Attach to Form 1040,104~NR, or 1041. -See Instructions for Schedule C (Form 1040 sequencenNo 09 Name of proprietor Social security number (sSN) Dale F Shughart, Jr 200-36-1646 A Principal business or profession, including product or service (see instructions) B Enter code from instructions Law Practice -541100 C Business name. If no separate business name, leave blank. **. ~ Employer ID number (EIN), if any Dale F. Shughart, Jr., Esq. 25-1802515 E Business address {including suite or room no.) - 3 5 E38 t H1 h Street , #2 0 3 City, town or post office, state, andZlPcode ---'-----g'-----------------------------------.----. Carlisle, PA 17013 ~ F Accounting method: (1) X Cash (2) Accrual (3) Other (specify) - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ G Did you 'materially participate' in the operation of this business during 2007? If 'No,' see instructions for limit on losses. X~Yes No H If ou started or acquired this business during 2007, check here . - Income 1 Gross receipts or sales. Caution. If this income was reported to you on Form W-2 and the 'Statutory employee' box on that form was checked, see the Instructions and check here .......... -~ 1 12 6 , 017 . 2 Returns and allowances ............................................................................... 2 3 Subtract line 2 from line 1 ............................................................................. 3 12 6 , 017 4 Cost of goods sold (from line 42 on page 2) ............................................................ 4 5 Gross profit. Subtract line 4 from line 3 ................................................................. 5 126,017. 6 Other income, including federal and state gasoline or fuel tax credit or refund (see instructions) ...................................................................................... 6 7 Gross income. Add lines 5 and 6. - 7 12 6 , 017 EX enses. Enter ex enses for business use of our home onl on line 30. 8 Advertising ................... 8 18 Office expense ........................ 18 3 , 0 21. 9 Car and truck expenses i9 Pension and profit-sharing plans 19 3,187 . (see instructions) .............. 9 2 , 948. 20 Rent or lease (see instructions): 10 Commissions and fees ......... 10 a Vehicles, machinery, and equipment ..... 20a 11 Contract labor b Other business property ................. 20 b 11, 0 2 0 . (see instructions) .............. 7 7 21 Repairs and maintenance ............... 21 2 , 5 5 9 . 12 Depletion ..................... 12 22 Supplies (not included in Part III) ........ 22 13 Depreciation and section 23 Taxes and licenses ..................... 23 3 , 2 9 5 . 179 expense deduction (not included in Part III) (see instructions) ............. 13 4 , 7 8 6 . 24 Travel, meals, and entertainment: a Travel ................................ 24a 14 Employee benefit programs (other than on Ilne 19) ........ 14 b Deductible meals and entertainment (see instructions) ...................... 24b 1,171. i5 Insurance (other than health).. 15 4, 203. 25 Utilities ............................... 25 6, 017 . 16 Interest: 26 Wages (less employment credits) ........ 26 31, 866 . a Mortgage (paid to banks, etc) ........ 16a 27 Oth f li 48 b Other ........................ 16 b er expenses ( rom ne on page 2) ............................... 27 3 8 8 7 17 Legal & professional services... 17 1, 631. ~~> 28 Total expenses before expenses for business use of home. Add lines 8 through 27 in columns ............ - 28 7 9 , 5 91. 29 Tentative profit (loss). Subtract line 28 from line 7 ....................................................... 29 46, 426 . 30 Expenses for business use of your home. Attach Form 8829 ............................................. 30 31 Net profit or (loss). Subtract line 30 from line 29. • If a profit, enter on both Form 1040, line 12, and Schedule SE, tine 2 or on Form 1040NR, line 13 (statutory employees, see instructions). Estates and trusts, enter on Form 1041, line 3. ............... 31 46, 426 . • If a loss, you must go to line 32. - 32 If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on both Form 1040, line 12, and Schedule SE, line 2, or on Form All investment is 1040NR, line 13 (statutory employees, see instructions). Estates and trusts, enter on Form i 041, line 3. 32 a X~ at risk. Some investment • If you checked 32b, you must attach Form 619$. Your loss may be limited. - 32b n is not at risk BAA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule C (Form 1040) 2007 FDIZ0112 06/15/07 !, `' Schedule C (Form 1040) 2007 Dale F Shu hart, Jr ~ 2 0 0 - 3 6 -164 6 Page 2 Cost of Goods Sold (see instructions) 33 Method(s) used to value closing inventory: a Cost b Lower of cost or market c Other (attach explanation) 34 Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If 'Yes,' attach explanation ............................................................................. ... .... ~ Yes ~ No 35 Inventory at beginning of year. If different from last year's closing inventory, attach explanatlon ..................................................................................... 35 ~,. . 36 Purchases less cost of items withdrawn for personal use ......................... .................... 36 37 Cost of labor. Do not include any amounts paid to yourself ........................4 ...................... 37 38 Materials and supplies ................................................................................. 38 39 Other costs ........................................................................................... 39 40 Add lines 35 through 39 ................................................................................ 40 41 Inventory at end of year ............................................................................... 41 42 Cost of oods sold. Subtract line 41 from line 40. Enter the result here and on page 1, line 4 ............... 42 Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the Instructions for Ilne 13 to find out if -you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) -_ _ _ _ _ _ _ _ _ _ _ . 44 Of the total number of miles you drove your vehicle during 2007, enter the number of miles you used your vehicle for: a Business b Commuting (see instructions) _ _ _ _ _ _ _ _ _ _ _ cOther ----------- ----------- 45 Do you (or your spouse) have another vehicle available for personal use? ............................................. ~ Yes ~ No 46 Was your vehicle available for personal use during off-duty hours? .................................................... ~ Yes ~ No 47a Do you have evidence to support your deduction? ................................................................... ~ Yes ~ No .................................................................................... b If 'Yes,' is the evidence written? Yes No Other Ex enses. List below business ex enses not included on lines 8-26 or line 30. Dues----------------------------------------------------- 1,083. Publications ----------------------------------------------- 1,753. Gifts----------------------------------------------------- 788. Internet -------------------------------------------------- 263. ---------------------------------------------------------- ---------------------------------------------------------- 48 Total other expenses. Enter here and on page 1, line 27.. 48 3 , 8 87 - Schedule C (Form 1040) 2007 FDIZ0112 06/15/07 EDULE C Profit or Loss From Business OMB No. 1545-0074 rm 1040) (Sole Proprietorship) ^006 'Partnerships, joint ventures, etc, must file Form 1065 or 1065-B. Attachment Department of the Treasury Internal Revenue Service (99) 'Attach to Form 1040,1040NR, or 1041. -See Instructions for Schedule C (Form 1040 . Sequence No. O9 / Name of proprietor Social security number (SSN) Q Dale F Shughart, Jr Principal business or profession, including product or service (see instructions) 200-36-1646 B Enter code from instructions Law Practice '541100 C Business name. If no separate business name, leave blank. ~ ~ Employer ID number (EIN), if any Dale F Shughart, Jr Esq. 25-1802515 _ E Business address (including suite or room no.)' 35 East High Street, #203_ _ _ _ _ _ _ _ _ _ _ - - - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ~ City, town or post office, state, and ZIP code - - - Carlisle, PA 17013 F Accounting method: (1) 0 Cash (2) Accrual (3) Other (specify) ' _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ G Did you 'materially participate' in the operation of this business during 2006? If 'No,' see instructions for limit on losses .. ~ Yes No H If you started or acquired this business during 2006, check here .................................... ......................... ' .Part.C _` Income 1 Gross receipts or sales. Caution. If this income was reported to you on Form W-2 and the loyee' box on that form was checked, see the Instructions and check here. , ......... ~ 'Statutor em ~ 1 12 9 ,117 . 2 y p ........................................................................ Returns and allowances ....... 2 3 . .................................................................. Subtract line 2 from line 1 ....... 3 129,117 . 4 ..... Cost of goods sold (from line 42 on page 2) ....................................................... ....... 4 5 Subtract line 4 from line 3 ........................................................... Gross profit ....... 5 129,117 . 6 . including federal and state gasoline or fuel tax credit or refund ....................... Other income ....... 6 , 7 Gross income. Add lines 5 and 6............ ~ 7 12 9 ,117 . fA:..i ~~ Cvwwr~e-~e~ C..},~,. ,, ,," .. fir F.~ ~cinccc ~ i~c of vnl ~r hnmc AI'1~\/ nf1 IInP ~r1 1 . r ..... 8 Advertising _ _ _ _ 8 _ _ - 18 Office expense ......................... 18 - _ 3 , 0 3 6 . ............... 19 Pension and profit-sharing plans 19 4 , 0 04 . 9 Car and truck expenses (see instructions) .............. 9 2 , 2 9 0 . 20 Rent or lease (see instructions): 10 Commissions and fees 10 a Vehicles, machinery, and equipment ..... 20 a ......... b Other business property ................. 20 b 11, 4 3 0 . 11 Contract labor . . (see instructions) 11 21 Repairs and maintenance ............... 21 3, 471. . ........... ... 12 Depletion 12 22 Supplies (not included in Part III) ........ 22 3, 855 . .................. 13 Depreciation and section 23 Taxes and licenses ..................... 23 3 , 314 . 179 expense deduction (not included in Part III) ... (see Instructions) 13 24 Travel, meals, and entertainment: a Travel ................................. 24a ........... 14 Employee benefit programs .. (other than on line 19) 14 b Deductible meals and entertainment ..... 24b 1, 252 . ....... 15 Insurance (other than health) 15 4, 525. 25 Utilities ................................ 25 7, 213 . ... 16 Interest: 26 Wages (less employment credits) ........ 26 40, 040 . etc) a Mortgage (paid to banks 16 a 27 Other expenses (from line 48 on page 2) ......... 27 3 , 4 0 9 . ........ , b Other ......................... 16 b 17 Legal & professional services... 17 2 , 02 9 . 28 Total expenses before expenses for business use of home. Add lines 8 through 27 in columns ............ ~ 28 8 9 , 8 6 8 . 29 Tentative profit (loss). Subtract line 28 from line 7 ........................................................ 29 39, 249 . 30 Expenses for business use of your home. Attach Form 8829 ............................................... 30 31 Net profit or (loss). Subtract line 30 from line 29. _ • If a profit, enter on both Form 1040, line 12, and Schedule SE, line 2 or on Form 1040NR, line 13 (statutory employees, see instructions). Estates and trusts, enter on Form 1041. line 3. ............... 1 9, 249 . • If a loss, you must go to line 32. -~ 32 If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on both Form 1040, line 12, and Schedule SE, line 2, or on Form All investment is 1040NR, line 13 (statutory employees, see instructions). Estates and trusts, enter on Form 1041, line 3. 32 a X^ at risk. nSome investment • If you checked 32b, you must attach Form 6198. Your loss may be limited. - 32 b I I is not at risk. BAA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule C (Form 1040) 2006 FDIZ0112 11J03J06 fdule C (Form 1040) 2006 Dale F Shu hart, Jr 200-36-1646 Page 2 {I ; Cost of Goods Sold (see instructions) ~~ Method(s) used to value closing inventory: a ~ Cost b Lower of cost or market c Other (attach explanation) "~ Was there any change in determining quantities, costs, or valuations between opening and closing inventory? yx: ~. If 'Yes,' attach explanation ......................................................................................... ~ Yes ~ No ~i' ;~~ ''3g Inventory at beginning of year. If different from last year's closing inventory, ~:` :•;;:, attach explanation ...................................................................................... 35 . ;; ,::. ~~_~ 36 Purchases less cost of items withdrawn for personal use .........................~........................ 36 6~!~ 37 Cost of labor. Do not include any amounts paid to yourself ...........................~; .................... 37 ~^,,; 38 Materials and ~,,ipplies ................................................................................. 38 :{ r' f~ 39 Other costs ........................................................................................... 39 ,; 40 Add lines 35 through 39 ................................................................................. 40 ~:~. ,, ' 41 Inventory at end of year ................................................................................ 41 j~. '-' 42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on page 1, line 4 ............... 42 Part I'V '- Information on Your Vehicle. Complete this part only if you are claiming car or truck expenses on line 9 and are not required to file Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) - 01/01/2006 44 Of the total number of miles you drove your vehicle during 2006, enter the number of miles you used your vehicle for: a Business 5,147 b Commuting (see instructions) _ _ _ _ _ _ _ _ 610 cOther _ _ _ _ _ _ _ 1, 293 45 Do you (or your spouse) have another vehicle available for personal use? ............................................. XD Yes ~ No 46 Was your vehicle available for personal use during off-duty hours? .................................................... X^ Yes ~ No 47a Do you have evidence to support your deduction? ................................................................... X^ Yes ~ No blf'Yes,'is the evidence written? .................................................................................... X Yes No Part V Other Expenses. List below business expenses not included on lines 8-26 or line 30. Dues ____ ~ 1,575. ----------------------------------------------------- Publications ~ ~ 1,491. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - •r Gifts _________ ~ 343. 48 Total other expenses. Enter here and on page 1, line 27 .................................................. ~ 48 ~ 3 , 4 0 9 . Schedule C (Form 1040) 2006 FDIZ0112 11/03!06 ;.: ~ 'E c Profit or Loss From Business OMB No. 1545.0074 F,. o~ (Sole Proprietorship) 205 ,J':`,`',` - Partnerships, joint ventures, etc, must file Form 1065 or 1065-B. Attachment of the Treasury - Attach to Form 1040 or 1041. - See Instructions for Schedule C Form 1040. 09 venue Servlc ~. (99) ( ) Sequence No. a IR 'of proprietor Social security number (SSN) Dale F Shu hart, Jr Principal business or profession, including product or service (see instructions) 200-36-1646 B Enter code from instructions .J, A Law Practice ~ -541100 fr Business name. If no separate business name, leave blank. ~ Employer ID number (EIN), if any Dale F Shughart, Jr., Esq. ~ 25-1802515 E Business address (including suite or roomno.)-35 East High Street, ##2_0_3_____ ______ - - - - - - - - - __________________ ~` City, town or post office, state, and ZIP code - - - - - Carlisle, PA 17013 F Accounting method: (1) X Cash (2) Accrual (3) Other (specify) - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ G _ Did you 'materially participate' in the operation of this business during 2005? If 'No,' see instructions for limit on losses . X~Yes No H If you started or acquired this business during 2005, check here .................................... ......................... ~ pert ( Income 1 Gross receipts or sales. Caution. If this income was reported to you on Form W-2 and the 'Statutory employee' box on that form was checked, see the Instructions and check here .......... ~ ~ 1 161, 563 . 2 Returns and allowances ......................................................................... ...... 2 3 ... . ........................................................... Subtract line 2 from line 1 ...... 3 161, 563 . 4 ........ Cost of goods sold (from line 42 on page 2) ....................................................... ...... 4 5 Subtract line 4 from line 3 ........................................................... Gross profit ...... 5 161, 563 . 6 . Other income, including Federal and state gasoline or fuel tax credit or refund ....................... ....... 6 7 Gross income. Add lines 5 and 6.. ~~ 7 ~ 161, 563 . b::..r4 rf" C....A V'. L~AL~ C.. i..r .. .- F.~r L~~ ~cinccc i ~co of vn~ Ir hnma nnly nn Ilna ~n 8 Advertising 8 18 Office expense ......................... 18 3 , 6 3 7 . .................... 19 Pension and profit-sharing plans 19 9 Car and truck expenses (see instructions) .............. 9 4 , 2 54 . 20 Rent or lease (see instructions): 10 Commissions and fees 10 3, 592. a Vehicles, machinery, and equipment ..... 20a ......... bother business property ................. 20b 10, 257 . 11 Contract labor (see instructions) 11 21 Repairs and maintenance ............... 21 3,147 . .............. letion 12 De 12 22 Supplies (not included in Part III) ........ 22 4 , 19 5 . ..................... p reciation and section 13 De 23 Taxes and licenses ..................... 23 2, 067 . p 179 expense deduction (not included in Part III) (see Instructions) 13 24 Travel, meals, and entertainment: a Travel ................................ 24a ............. 14 Employee benefit programs (other than on line 19) 14 3, 922. bDeductible meals and entertainment ..... 24b 1, 262 . ......... 15 Insurance (other than health) 15 4 , 5 6 6 . 25 Utilities ................................ 25 8 , 0 3 4 . ... 16 Interest: `' 26 Wages (less employment credits) ........ 26 3 9 , 2 2 0 . etc) e (paid to banks a a Mort 16a 27 Other expenses (from line 48 on page 2) ......... 27 3, 525 . ........ , g g b Other ......................... 16 b 17 Legal & professional services... 17 2 5 6 . 28 Total expenses before expenses for business use of home. Add lines 8 through 27 in columns............ ~ 28 91, 934 . Subtract line 28 from line 7 ................................. . ...................... 29 Tentative profit (loss) 29 6 9 , 6 2 9 . . 30 Expenses for business use of your home. Attach Form 8829 ............................................... 30 31 Net profit or (loss). Subtract line 30 from line 29. - • If a profit, enter on Form 1040, line 12, and also on Schedule SE, line 2 (statutory emolovees. see instructions). Estates and trusts, enter on Form 1041, line 3. ............... 31 6 9 , 6 2 9 . • If a loss, you must go to line 32. -~ 32 If you have a loss, check the box that describes your investment in this activity (see instructions). • If you checked 32a, enter the loss on Form 1040, line 12, and also on Schedule SE, line 2 All investment is (statutory employees, see instructions). Estates and trusts, enter on Form 1041, line 3. 32 a ~ at risk. nSome investment • If you checked 32b, you must attach Form 6198. Your loss may be limited. - 32 b I I is not at risk. BAA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule C (Form 1040) 2005 FDIZ0112 11!14105 (Form 1040) 2005 Dale F Shu hart, Jr 200-36-1646 Page 2 Cost of Goods Sold (see instructions) ;~~ ethod(s) used to value closing inventory: a Cost b Lower of cost or market c Other (attach explanation) ''" y g ~ ~ g quantities, costs, or valuations between opening and closing inventory. 'Was there an Chan e In determinrn ~ ~~f'Yes,' attach explanatlon ............................................................................. ... .... ~ Yes ~ No L 3g Inventory at beginning of year. If different from last year's closing inventory, attach explanatlon ..................................................................................... 35 36 Purchases less cost of items withdrawn for personal use ......................... ~:....................... 36 .a 37 Cost of labor. Do not include any amounts paid to yourself .......................~......................... 37 38 Materials and supplies ................................................................................. 38 39 Other costs ........................................................................................... 39 40 Add lines 35 through 39 ................................................................................ 40 41 Inventory at end of year ............................................................................... 41 42 Cost of goods sold. Subtract line 41 from line 40. Enter the result here and on page 1, line 4 ............... 42 Pert IV Information on Your Vehicle. Comp-ete this part only if you are claiming car or truck expenses on line 9 and are not required to fife Form 4562 for this business. See the instructions for line 13 to find out if you must file Form 4562. 43 When did you place your vehicle in service for business purposes? (month, day, year) ~ 05/01/2003 44 Of the total number of miles you drove your vehicle during 2005, enter the number of miles you used your vehicle for: a Business 9, 4 3 2 b Commuting 610 c Other 3, 0 3 0 ----------- ----------- ----------- 45 Do you (or your spouse) have another vehicle available for personal use? ............................................. 0 Yes ~ No 46 Was your vehicle available for personal use during off-duty hours? .................................................... ~ Yes ~ No 47a Do you have evidence to support your deduction? ................................................................... Q Yes ~ No b If 'Yes,' is the evidence written? .............................. . ............... X es o ~ar# V Other Expenses. List below business expenses not included on lines 8-26 or line 30. Dues -------------------- ~ 1,683. Publications -----------------------------------=------------~ 1,678. Gifts-----------------------------------------------------~ 164. 48 Total other expenses. Enter here and on page 1, line 27 .................................................. ~ 48 ~ 3 , 52 5 . Schedule C (Form 1040) 2005 FDIZ0112 11/14/05 9/30/10 9:47 AM OMB No. 2502-0265 !;~..~;-~: A. U.S. Department of Housing B. Type of Loan /:;~ ~ \. i,ti- ,ti: ytI -<7' and'Urban Development 1. [ j FHA 2. [ ] RHS 3. [ ]Conv. Unins. ~~: y- I~~L1~ ~ `I 4. [ ] VA 5. [ j Conv. Ins. l'J., 1~1j~~~ ~; 6. File Number 7. Loan Number !! .~~;• ~'~~ `•-=''"-~'~ Settlement Statement 8. Mortgage Ins. Case No. C. Note: This form is fumished to give you a statement of actual settlement costs. Amounts paid to and by the settlement ageril are shown. Items marked ("POt") were paid outside the closing: they are shown here for information purposes and are not included in the totals. , D. Name of Borrower: ~ , Buckley, Heineman, Shughart & Stewart, a Pennsylvania Partnership E. Name of Seller: Estate of Dale F. Shughart, Jr. F. Name of Lender: Orrstown Bank G. Property Location: 156 Elm Street, 248 West Pomfret Street and 258 West Pomfret Street, Carlisle, PA 17013 H. Settlement Agent: Ronald E. Johnson, Esquire Place of Settlement: 78 West Pomfret Street, Carlisle, PA 17013 - I. Settlement Date: Proration Date: September 30, 2010 ~'` y :. . .. J::Sum~rtary of Borrower's.Transaction r: : K~Summery of Seller s Transaction ~`,; _, , ,_:: ,. .. 100. '' `Gross.Amounf Dtje`from~ Borrower ' `~ '_ - ;~ ' ~. 400: Gross Amougt Due't`o Seller '" ` ' - "` 101. Contract sales price $65,000.00 401. Contract sales price $65,OOd.00 1D2. Personal property ~ 402. Personal properly 103. Settlement charges to borrower (line 1400) $2,365.00 403. 104• 404. 105. 405. Adjustments for.itgms paid by.seller in advarice Adjuslriients for items paid by selle~.in advance ~ . 106. CityLtown taxes 406. City/town taxes 107. County taxes 407. County taxes 108. Assessments 408. Assessments 109. School taxes 409. School taxes 110. - 410. 111. 411. 112. 412. 120. Gross Amount Due from Borrower: $67,365.00 420. Gross Amount Due to Seller $65,000.00 200. Amounts Paid by or.in Behalf of Borrower ':.:,. ~, : 500.:;~•Reduction in AmotinCDue to Seller ~ ~~ .: - 201. Deposit or earnest money 501. Excess deposit (see instructions) '. 202. Principal amount of new loan(s) $140,000.00 502. Settlement charges to seller (line 1400) $0.00 ' 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. 207. ~ 507. 208. 508. 209. 509. ' Adjustments for.items~unpaid by seller: '~ ' .• ~:-. ~ . ~- •-' - .• ~. p,djuatments.for ikems.uripa)d by seper - _ - .- 210. City/town taxes 510. City/town taxes 211. County taxes 511. County taxes - 212. Assessments 512. Assessments - 213. 513. 214. 514. 215. 575. '~ 216. 516. ~ ~~ 217. 517. ~ 218. 518. 219. 519. 220. Total Paid by/for Borrower $140,000.00 520. Total Reduction Amount Due Seller. $D.00 • ..._. ~.. . ~: •_ : . 300: ` CasFi`at Settlementfrom/to. @orrower; -~ ~ :' '4• •~ •:. 600 ,: Cash at Settlement to/frorp:Seller" ~ -~ 301. Gross amount due from borrower (line 120) $67,365.00 601. Gross amount due to seller (line 420) $65,OOD.00 302. Less amount paid by/for borrower (line 220) $140,DD0.00 602. Less total reduction in amount due seller(line 520) • $0.00 303. CASH ()FROM (X)TO BORROWER $72,635.00 603. CASH ()FROM ()TO SELLER $65,000.00 SUBSTITUTE FORM 1099 SELLER STATEMENT -The information contained in Blocks E, G, H and I and on line 401 (or, if line 401 is asterisked, lines 403 and 404), 406, 407 and 40812 (applicable part of buyer's real estate tax reportable to the IRS) is important tax information and is being fumished to the Inlemal Revenue Service. If you are fegUired to file a return, a negligence penalty or other sanction will be imposed on you if this item is required to be reported and the IRS determines that it has not been reported. - SELLER INSTRUCTION - If this real estate was your principle residence, rile form 2119, Sale oi• F_xchange of Principal Residence, for any gain, with your income tax retum; for other transactions, complete the applicable parts of form 4797, Form 6252 and/or Sclie&ule D (Form 1 D40). You are required by law to provide (SettlementAgent) with your correct taxpayer identification number. IF you do not provide (Settlement Ageni) with your correct taxpayer identification number, you may be subject to civil or criminal penalties. Under penalties of perjury, I certify dial the number shown on This statement is my correct taxpayer identification number. 700. Total Real Estate Broker Fees Paid From Paid From Division of commission (line 700) as follows: Borrower's Sellers 71)1. $ - Funds at Fujtds at ZD2• $ Settlement Settlement 703. Commission paid at settlement -~- 704. ' - ' . B00;-.:' .Items.Payahle.inCQnnectiiin.wlthLoan - •, ' ~ " - .. .. .... ~ .:; - 901. Our origination charge - (GFE 1) $700.00 •• 802. Your credit or charge (points) forlhe specific interest rate chosen (GFE 2) 803. Your adjusted origination charges (GFE A) 804. Appraisal fee (GFE 3) 805. Credit report (GFE 3) 806. Tax service (GFE 3) 807. Flood certification (GFE 3) 808. Document preparation fee to Orrstown Bank $250.00 809. 810. 811. 812. 900:• =' .Iterils Required by Lende~'to 8e Paid.in Advance ' ' ~ -' `" "- 901. Daily interest charges a (GFE 10) 992. Mortgage insuran .'premium (GFE 3) 9(13. Homeowner's insurance (GFE 11) 9)a4, _- 9D5. ' 100:. ... .; ~:: ;; ReseryesiDepositq~ with Lender. . ~ - 1~U01. Initial deposit for your escrow account - (GFE 9) iD02. Homeowner's insurance 1D03. Mortgage insurance 1904. City property taxes ; 1005. County property taxes 106. ' 1007. Aggregate Adjustment 1D08. 1Q09. . 1900.;. ' Tille'Chergesr_ t -;.. ,. :,., ;; , .. '_,. _ ~.:.- .. _.., 1101. Title services and lenders title insurance (GFE 4) 1102. Settlement or dosing fee to Andrews 8 Johnson -certificate of title $850.00 1903. Owners title insurance (GFE 5) 1104. Lenders title insurance c 1105. Lenders ti0e policy'limit s 1106. Owners title policy limit 1107. Agent's portion of tlje total title insurance premium , 1.108. Underwriters portion of the total ti0e insurance premium .i 1909. Lenders Endorsements _; 1110. Cbsing Protection t<etter to Stewart Title Guaranty Co. 1111. Email fee to Andreyrs i3 Johnson 1112. Overnight fees to Andrews 8 Johnson 1113. Notary fee $2D.D0 1200.::' ~ ~oveinmerit Recocdirag and-Tfansfer_Charges.. • . - _~ .: •,, , . ...: .. ,; ' _ 1201. Government recording charges (GFE 7) $143.00 93D2. Deed$ Mortgage$92.00 Assignment of Renls$51.00 1203. Transfer taxes ~ (GFE 8) 1204. City/County tax/stainps 1205. State tax/stamps i 106. Assignment of Partners Interest $57.00 1300: "'Addltioriai.Settlemerit'Charges. - ='. _+, ~ - _ '- ~ ';_ ', . 1,301. Required services ghat you can shop for (GFE 6) 1302. Department of Slate -fictitious name amendment $70.D0 1303. Andrews & Johnson -see invoice attached $275.00 1304. ' 13D5. 1400. Total settlement charges (entered on lines 1 D3, section J and 502, section K) $2,365.00 $0.00 y Crkl rrrk.ra r nnv: ~ nave careruny reviewers kne nuu-~ aememern arekemenl anO ro me oast or my xnawleoge antl belief, R is a True antl accvrele statement bf all receipts and disbursements made on my account or by me in this lransacGon. I further certify that I have received a copy of HUD-1 SeWemenl StalemenL la the bell of my knowledge, U1e HUD-1 Selllemenl Statement which I have prepared is a True and accurate account of the funds which were receved and have [,ears or win be asbursed by the ersigned tis part of the e e f this lransadion. ~/~~//~ i f (¢ em t Agent) Date BELLE 'S ANDIOR PURCHASE S STATEMENT Sellers and Purchasers signature hereon acknowledges hislth6ir appmvel of lax praralions and signifies llieir klnderslanding that prorations Were based on taxes for the preceding year, ar esdmales for the arntnt year, and In the event of arty Uange Tor the wmenl year, ell necessary gdjuslments must be made between Seller and Purchaser, Ifkewise any default in delinquent taxes will be reimbursed tq Title Company by the Seller. - Title Company, in lls ralyadly es Esavw Agent, is and has been authorized to deposit all funds tt receives in This Irensacllon in any financial insUWlion, vrtit3lher affiliated or not Such finandal instilullon may provide Title Company mmlkder acmunling and audit sa'rvices directly a Through a separate en8ly which, if affilfalct'i wflh Tllle Company, may charge the financial Inslilulian reasonable and proper knmpbnsalion IhereforE and relaih any profits ltlarefrom. Any escrow fees paid by any party' ~nvolved in Ibis lransacion shall only be for'checkwriUng and input to the mmpulers, Gtd rwl for aloresaip accoun8ng and audit services. TiBe Company shall not be liable fM arty Interest or other charges on the eamesLmoney and shell be under no duly la investor reinvest funds held by it at any Ume. Sellers and Purchasers hereby adkrwwletlge and consent In the deposit of the escrow matey in finandal insUlulions with which Title Ctompany has or may have.olher banking relationships and further consent to the relerl6on by Title lrompany and/or its affiliates of any and all benerils (fncluding advantageous interest rates on loans) Title Company and/or Its affiliates may receive from such finandal Instilulions by reason of Ihair ri~aintenantx of said escrow accounts. The part(es have read the above sentences, recognize Thal the recila8ons herein ere maledel, agree to same, and recognize Title Company is relying on the same. F±urch sers/ rrow Selleis ~~f v~. )1, /e r~4 ~~- WARNING: It is a crime to kndwingly make false statements to the United Slates on This or sny other similar form. Penalties upon conviction can include a fine and imprisonment For details see: Title 1B: U. S. Code Settlers 1001 and Section 1010. _. _~ ~ f PARTNERSHIP AGREEMENT L~ ~. THIS PARTNERSHIP AGREEMENT, executed in quadruplicate, this ~ 'day of ~~~~, 1979, by and between THOMAS C. BUCKLEY, of Hemlock Avenue, Carlisle, Pennsylvania, JAMES J. BUCKLEY, of South College Street, Carlisle, Pennsylvania, DOUGLAS~R. HEINEMAN, of Fry Avenue, Carlisle, Pennsylvania, and DALE F. SHUGHART, JR., of West Keller Street, Mechanicsburg, Pennsylvania, WITNESSETH: 1. Partnership purpose. The parties do hereby form a partnership to invest in, acquire, hold, maintain, operate, own, lease, improve, sell, exchange and otherwise use interests in real estate for profit and to engage in any and all activities related or incident thereto. 2. Name and location. The name of the partnership shall ~^ . be.BUCKL~Y, BUCKLEY, HETNEMAN and SHUGHART. The principal office of the partnership shall be located at fl2 West High Street, Carlisle, Cumberland County,,Pennsylvania, or such other place as the partners may agree. 3. Term. Partnership shall begin on M ra ch o2'~ , 1979, and shall continue until terminated as herein provided. 4. Capital. The capital of the partnership shall consist ~.~ .: of~an agreement of sale to purchase two tracts of land improved with a double house situates alonc7 PA Rt. 641 in Plainfield, West Pennsboro Township, Cumberland County, Pennsylvania, which Agreement of Sale is dated January 24, 1979. Each partner agrees to make a contribution to the capital of the partnership of Five Hundred.($500.00) Dollars in cash required at the closing and for improvements -to be made to said real estate. The title to the real estate will be taken in the name of the partnership. _:~,.-_ The initial capital accounts of the partners shall be equivalent to the following interest in the cap-ital. of the partnership: '~ ~- Thomas C. Buckley- twenty-five (2'S%) percent James J. Buckley- twenty-five (25%) percent Douglas R. Heineman- twenty-five (25%) percent Dale F. Shughart, Jr.- twenty-five (25%) percent The partners may contribute additional capital to the partnership at such times and in such amounts as may be deemed necessary or advisable by the partners, and any such additional capital shall be contributed by the partners equally. No interest shall be"laid on the initial contributions to~the capital of the partnership.or on any subsequent contributions of capital. A separate capital account shall be maintained for each partner; and except by agreement of a majority of the partners, or upon withdrawal or death of the partner or upon dissolution as herein provided, the capital contributions of the partners shall not be subject to withdrawal. If the capital account of a partner becomes impaired, his share of subsequent partnership profits shall be first credited to his capital account until that account has been restored, and before such profits are credited to his income account. Upon the demand if either partner, the capital accounts of the partners shall be maintained at all times in the same proportions to which the partners share in the net profits and losses of the partnership. 5. Profit and Loss. The net profits of the partnership shall be divided and the net losses of the partnership shall be born equally in the following proportions: Thomas C. Buckley- twenty-five (25%) percent James J. Buckley- twenty-five (25%) percent Douglas R. Heineman- twenty-five (25%) percent Dale F. Shughart, Jr.- twenty-five (25/°) percent A separate income account shall be maintained for each partner. Partnership profits and losses shall be charged or credited to the separate income account of each partner. If a partner has no credit balance in his income account, losses shall be charged to his capital account. -2- i I 6. Salaries and Drawings. No partY~er shall receive any salary for services rendered to the partnership. Each partner i ~ may, from time to tigne, withdraw the credit balance in his income account. No additional share of profits shall inure to either partner by reason of~his capital or income account being in i i . excess of .the capital or income account of the other. 7,. •Management~duties and restrictions. Except as otherwise expressly provided tlhe consent of.a majority df the partners i shall be required with respect to the management, conduct and operation of the partnership business in all respects and in I all matters, including but not limited to full power to sell and convey the property of the partnership on such terms as they may determine and to lease said property or any part thereof on such .terms and for such periods as they may determine. Each partner may have other business interests and may engage in any other business or trade, profession or employment whatsoever, on his own account or in partnership with or as an employee of or as an officer, director or shareholder of any other person, firm or corporation, and he shall not be required to devote his entire time to the business of the partner- ship. No partner shall be obligated to devote more time and attention to the .conduct of the business of the partnership than. shall be regal: ed for the s~.~pzrvi lion of the owr_erGhip, operation and management of the property of the partnership. Without the unanimous consent of the partners, no partner shall on behalf of f.he partnership borrow or lend money, or make, or deliver or accept any commercial paper, or execute any mortgage, security agreement, bond; or purchase or contract to purchase any property for or of the partriership. No partner shall, except with the unanimous consent of the other partners, assign, mortgage, grant a security interest in, or sell his share in the partnership or in its capital assets or property or enter into any agreement as a result of which any person shall become interested with him in the partnership. _~_ 8. Banking. All fends of the partnership shall be deposited in its name in such checking account or savings account as shall be designated by the partners. All withdrawals therefrom are to be made upon checks signed by any two partners. 9. Books and Fiscal Year. The partnership books shall be maintained at the principal office of the partnership, and each partner shall at all times have access thereto. The books shall be kept on a cash basis in accordance with generally accepted accounting principles and shall be closed and balanced at the end of each fiscal year. The fiscal year of the partnership shall be the calendar year. 10. Life Insurance_ The partnership shall have the right to insure the life of each partner, naming itself as beneficiary, in such amounts as the partnership shall determine. All such policies shall be listed in Schedule "A", attached hereto, and the policies and any proceeds received thereunder shall be held by the partnership IN TRUST for the purposes of this Agreement. The partnership shall pay all premiums on insurance policies taken out by it pursuant to this Agreement and shall give proof of payment to the partners within fifteen (15) days after the due date of each premium. All such premiums shall be paid out of the receipts of the partnership and shall be charged equally to the income accounts of ~t.he oartners other than the insured partner. The partnership shall be the sole owner of the policies issued to it, but shall riot, during the term of this Agreement, modify or impair any of the rights or values under such policies. Upon the death of any partner, the partnership shall collect the proceeds of the policies insuring the life of the deceased partner and shall hold and use such proceeds for the purposes of this Agreement. 11. Voluntary Termination. The partnership may be dissolved at any time by agreement of a majority of the partners, in which -4- event the partner shall proceed with reasonable promptness to sell the real and personal property owned by the partnership and to liquidate the business of the partnership. The partnership shall be dissolved also by tree sale of all real estate owned by the partnership. Upon dissolution, the assets of the partner- ship business shall be used and distributed in the following order: (a) To pay or provide for the payment of alI partnership liabilities and liquidating expenses and obligations; (b) To equalize the income accounts of the partners; (c) To discharge the balance of the income accounts of the partners; (d) To equalize the capital accounts of the partners; and (e) To discharge the balance of the capital accounts of the partners. Upon the voluntary termination of the partnership and notwithstanding anything to the contrary contained herein, each partner shall have the right, within thirty (30) days after termination, to purchase from the partnership the policies of insurance on his life at a price equal to the cash surrender value of the policies on the date of termination. This right shall.be exercised by payment of the price to the partnership within thirty (30) days after the date of termination. Upon the receipt of the price from the. insured partner, the partnership shall credit the price of the other partners' accounts, shall deliver the policies to the respec}ive purchasers, and shall execute any necessary instruments of transfer. The insured partner shall have no further right in any policies not purchased within this thirty (30) day period; and thereafter, such policies, shall be liquidated for the cash surrender values, which cash surrender values shall be divided equally among all of the partners. 12. Retirement. Each par~;ner shall have the right to retire from the partnership at the end of any fiscal year. Written notice of intention to retire shall be served upon the other -5- partners at the office of the partnership at least three (3) months before the end of the fiscal year. Retirement of any partner shall have no effect upon the continuation of the partner- ship business. The remaining partners shall have the right either to purchase the retiring partner's interest in the partnership or to terminate and liquidate the partnership business. If the remaining partners, or any of them, elect to purchase the interest of the retiring partner, they shall serve notice in writing of such election upon the retiring partner at the office of the partnership within two (2) months after receipt of their notice of the retiring partners intention to retire. If the remaining partners elect to purchase the interest of the retiring partner in the business, the purchase price and method of payment shall be as set forth in paragraph 13 with reference to the purchase of a decedent's interest in the partnership. If the remaining partners do not elect to purchase the interest of the retiring partner in the partnership, the partners shall proceed with reasonable promptness to sell the real~and personal property owned by the partnership and to liquidate the business of the partnership. The procedure as to liquidation and distribution of the assets of 'the partnership shall be the same as set forth in paragraph 11 v:ith reference to voluntary termination. Notwithstanding anything to the contrary contained herein the retiring partner sha7.1 have the right to purchase from the partnership the insurance policies covering his life at a price equal to the cash surrender value of the policies on 'the date of retirement. This right shall be exercised by payment of the price to the partnership. 13. Death. Upon the death of any partner, the surviving partners shall have the right either to purchase the interest of the decedent in the partnership or to terminate and liquidate -6- the partnership business. If the surviving partners elect to purchase the decedent's interest, they shall serve notice in writing of such election, within two (2) months after the death of the decedent, upon the personal representative of the decedent, or, if at the time of such election no personal representative of the decedent has been appointed, upon any one of the known legal heirs of the decedent at the last known address of such heir. 1 If the surviving partners elect to purcl^~ase the interest of the decedent in the partnership, the purchase price shall be equal to the decedent°s capital account as at the date of his death, including the cash surrender value of all policies of insurance owned by the partnership on the lives of the surviving partners, and adjusted as herein provided. The decedent's capital account shall be increased by his share of the partnership net .profits (including his proportionate share of~the excess of the death proceeds of the policies insuring his life over the cash values of such policies heretofore included among the partner- ship assets), or decreased by his share of the partnership net losses for the period from the beginning of the year in which his death occurred until the end of the calendar month in which his death occurred, and shall be decreased by withdrawals charged to his income account dur~_ng such period. The real estate owned by the partnership shall b2 taken at a value determined by two (2) independent, competent and qualified real estate appraisers, one selected by the decedent's personal representative and one selected by the surviving partners. Such value shall be the mean value determined from tree two (2) appraised values submitted by the said two (2) real estate appraisers, and the decedent's capital account shall be adjusted to reflect this valuation. As thus adjusted, the purchase price shall be paid to the estate of the deceased partner vaithin four (4) months after the end --7- of the calendar month in which the decedent's death occurred, or in such other manner as the decedent's personal representative and the surviving partners may mutually agree. If the surviving partners do not elect to purchase the interest of the decedent in the partnership, they shall proceed with reasonable promptness to sell the real and personal property owned by the partnership and to liquidate the business of the partnership. The surviving partners and the estate of the deceased partner shall share equally in the net profits and losses of the business during the period of liquidation, except that the decedent's estate shall not be liable for losses in excess of the decedent's interest in the partnership at the time of his death. No compensation shall be paid to the surviving partners for their services in liquidation. Except as herein otherwise stated, including the adjustments with reference to cash surrender values of all policies of insurance owned by the partnership and death proceeds of the policies insuring the life of the deceased partner provided for the in the preceding paragraph, the procedure as to liquidation and distribution of the assets of the partnership shall be the same as set forth in paragraph 11 with reference to voluntary termination. The personal represen- tative of the estate of the deceased partner shall have the . right to examine the books of tLe partnership at all reasci.able times. When the estate of the deceased partner shall have received the payments herein provided, such estate shall have no further claim upon or interest in the assets or business of the partnership or against the surviving partners. 14. Amendments. This Agreement may be amended•by written agreement signed by all of the partners. 15. Applicable Law. This Agreement and 'the rights of the parties hereunder shall be interpreted in accordance with the laws of the Common~nrealth of Pennsylvania. -8- 16. Benefit. It is the intention of the parties hereto to be legally bound hereby, and this Agreement shall be binding upon the parties hereto, their respective heirs, executors, administrators and assigns; but nothing herein shall be construed as an authorization or right to ary party to assign his rights or obligations hereunder. IN WITNESS WHEREOF, 'the parties hereto have hereunto set their hands and seals the day and year first above written. (SEAL) Thomas C. Buckle (SEAL) ---~.ame s ~ . t~uc~l e Dougla~R. Hein ma r J~~~ ~n ( SEAL ) Dale F. ShuQhartl,' ,fir. AMENDMENT TO PARTNERSHIP AGREEMENT OF MARCH 26, 1979 j da of ~~' /~'~•~~ 1984, b THIS AGREEMENT, made this /~ y ~ ~ y and among Thomas C. Buckley, Douglas R. Heineman, Dale F. Shughart Jr. and David L. Stewart, all of the Borough of Carlisle, Cumberland County, Pennsylvania, WITNESSETH: l: Except as hereinafter otherwise provided, the parties her~~e=~-hereby do ratify, confirm and republish the partnership agreement of March 26, 1979, a true and correct copy of which agreement is attached hereto, made a part hereof and incorporated herein by reference thereto. 2. The name of the partnership shall be changed from .:,~... . Buckley, Buckley, Heineman and Shughart to Buckley, Heineman, Shughart and Stewart. The principal office of the partnership shall be changed from 8 1/2 West__High_Street, Carlisle, ~,~ -•----. Pennsylvania, to t, Carlisle, Pennsylvania. 3. David L. Stewart shall be substituted for James J. Buckley as a partner in the partnership and ~ shall be entitled and subject to all of the rights, duties and obligations a reement of the partners as set forth in the partnership/o~ March 26, 1979. 4. The parties agree that effective the date of the execution of this agreement the capital accounts of all partners are equal. 5. Thomas C. Buckley, Douglas R. Heineman and Dale F. Shughart, Jr. each agree upon request of David L. Stewart, to ~ i make equal contribution with him to pay the annual installments of principal and interest due to James J. Buckley on the remaining Six Thousand Two Hundred ($6,200.00) Dollar obligation of David L. Stewart. David L. Stewart agrees to repay each of the individuals making such contribution together with interest at a rate of ten (100) percent per annum simple-interest on the remaining unpaid balance thereof, not later than five (5) years from the date of ~I i this agreement. David L. Stewart further agrees if any I'~ i partnership property is sold and a distribution of profits made to II the partners, the one-quarter distributive share of David L. III, Stewart shall be distributed to Thomas C. Buckle Dou las R. ~I y~ g Heineman and Dale F. Shughart Jr., and prorated on the basis of Stewart's then determined obligations to repay the other partners for contributions made under the provisions hereof, such ~!, distributions shall be applied first to accrued interest on the I', ~~ remaining unpaid balance of such obligation and then to the !, i remaining unpaid principal balance of such obligations. And further provided that in the event of a termination of the ~~, partnershi~__~ursuant to the provisions of the agreement of March 2'6, 1979, David L. Stewart shall immediately pay in full any outstanding obligations to any other partner arising under the provisions of this paragraph or the same shall be deducted from his interest in the partnership at the election of the other partners. IN WITNESS WHEREOF, the parties hereto set their hands and i i seals the day and year first above written. c-~- ~~~~ ~ ~ ~ ~ [SEAL ] %~~„~ ~ ~ [SEAL ] Thomas C. Buckley ._ ..___, /" ~ ti AL] Douglas R. Heineman ~~`~ C~ ~ ~ [SEAL ] _ ~. , ~~ Dale F. Shughart, Jr. ICI AMENDNfENT TO PARTNERSHIP AGREEMENT OF MARCH 26, 1979 f ~p ~iP~1~°~ , 1984, by THIS AGREEMENT, madE this ~~ day o and among Thomas C. Buckley, Douglas R. Heineman, Dale ~. Shughart Jr. and David L. Stewart, alJ. of the Borough of Carlisle, Cumberland County, Pennsy]~vania, WITNESSETH: 1. Except as hereinafter otherwise provided, the parties hereto hereby do ratify, confirm and republish the partnership agreemenC of March 26, 1979, a true and correct copy of wha.ch agreement is attached hereto, made a part hexeof and incorporated herein by reference thereto. 2. The name of the partnership shall be changed from Buckley, Buckley, Heineman and Shughart to Buck~.ey, Heineman, Shughart and Stewart. The principal office of the partnership shall be changed from 8 1/2 West High Street, Carlisle, ~~-~-~-~~ Pennsylvania, to tx.eEt, Carlisle, Pennsy~.vania. 3. David L. Stewart shall be substituted for James J. Buckley as~a partner in the partnership and shall be ent~.t~.ed and sub,~ect to a~.l of the rights , duties and- obligations of the artners as set forth in the a regiment p partnership/ o~ March 26, 1979. 4.. The p~axties ~ ag~cee ~ that effective the date ~of the execution of this agreement the capital accounts of all partners are equal. 5. Thomas C. Buckley, Douglas R. Heineman and Da~.e F. Shughart, Jx. each agrEe , upon request of David L. Stewart, to make equal contribution with him to pay the annual installments of principal and interest due to James J. Buckley on the remaining Six Thousand Two Hundred {$6,200.00) Dollar obligation of David L. Stewart. David L. Stewart a,;rees to repair each of the individuals making such contribution together with interest at a rate of ten (10%) percent per annum simple interest on the remaining unpaid balance thereof, not latex than five (5) years from the date of this agreement. David L. Stewart further agrees if any partnership property is sold and a distribution of profits made to the partners, the one-quarter distributive share of David L. Stewart shall be distributed to Thomas C. Buckley, Douglas R. Heineman and Dale F. Shughart Jr., and prorated on the basis of Stewart's then determined obligations to repay the other partners for contributions made under the provisions hereof,;~such distributions shall be applied first to accrued interest on the remaining unpaid balance of such obligation and then to the remaining unpaid principal, balance of such obligations. And further provided Chat in the event of a termination of the partnership, pursuant to the provisions of the agreement of March 26, 1979, David L. Stewart shall immediately pay in full any outstanding obligations to.any other paartner arising under the provisions of~this paragraph or the~same shall be deducted from his interest in the partnership at the election of the other partners . " IN WITNESS WHEREOF, the parties hereto set their, hands and abovE wryt~cn. aria year f1~~ ~ ~ ~s~~,L~ s e a1 s the ~ ay C,`~., ~' ~~~.-- ~' . r" ~SE~~~ ~~ k~~y Thomas ~, b~c `~ ~.Lj -f E .-- as ~' Hc~ricma~ Doug1. L C Ep,L~ ~ ~ CJ ~` ,, . Shug1~-artt ~ ~ Dalc .F ASSIGNMENT OF PARTNERSHIP INTEREST AND CHANGE OF PARTNERSHIP NAME Dated : J ~p ~ ~ ~j ~~~(~~ 1. For value received, the receipt of which is hereby acknowledged, and intending to be legally bound hereby, the undersigned, James ~3~ Buckley, hereby bargains, sells, assigns and transfers to David L. Stewart, his heirs and assigns, all right title and interest in the partnership organized and existing under laws of the Commonwealth of Pennsylvania, known as Buckley, Buckley, Heineman & Shughart;-"the Certificate for Registration of which :was filed on March 28, 1979 in the Office of the Prothonotary of Cumberland County, Pennsylvania to No. 1349 Civil 1.97-; and James J. Buckley hereby releases and quitclaims absolutely and forever unto said David L. Stewart, his heirs and _._.-._ as~~igns, all right, title and interest in all property, both real and personal, now held, or hereafter acquired by said Buckley, Buckley, Heineman & Shughart. ~~_ ~2~. Thomas C. Buckley, Douglas R. Heineman, Dale F. Shughart, Jr. and David L. Stewart, constituting all partners of the partnership of Buckley, Buckley, Heineman & Shughart hereby agree to and do change the name of the partnership to Buckley, Heineman, Shughart & Stewart and shall file in the Office of the Prothonotary of Cumberland County, Pennsylvania to No. 1394 Civil 1979 an amendment to the Certificate of Partnership above referred to. 3. The general partners of the partnership now 1{nown as Buckley, Heineman ,x Shughart & Stewart, formerly Buckley, Buckley, ..~.~~ X745: p~r~ ~74~ Heineman & Shughart, shall carry on the business of the partnership pursuant to the Partnership Agreement of March 26, 1979 without any winding up or termination of the partnership. Executed at Carlisle, Pennsylvania, as of this ~~day of C c~v,~ ~ j2 , 19 84 . Witness : ,~~qr ~~ 1 ~ ~ ~ • ' ..P U.:~ ~~~_~~_~~~~...~.~..~~~ ..~ ° (SEAL ) J~' es .1. uc ey . '/ `t~7r~' ~-- (SEAL ) r°~' omas C. ~, ~ c --- -- - ------ ---- - - - ---- --- J:~-- ~ - -~--_ _ - t J ) ~+ i _~ ~. ~-°°` `'-~-~--~--~--D g a s R. H e i ri e m'a ~; ~~ . ... .... .. ... ~- ~ ~ SEAL } .. ~ - ~"' • 'S'am ~. ~`~\` '~ (SEAL ) . David tewart " COMMQNWEALTH-OF PENNSYLVANIA COU~iTY OF CUMBERLAND . On this, the ~'3~~~ day of ~ •'~`~-~~~ 1984, before me, the~~undersigned officer personally appeared James J. Buckley, Thomas C. Buckley, Douglas~R. Heineman, Dale F. Shughart, Jr., and David L. Stewart, known to me to be the persons whose names are - ._ subscribed to the witl=i~'in`~ instrument, and acknowledge that they have execute the ,: same .for the purposes.: therein contained. IN ~WITN~'S~~`~-W~HEREOF, I have set my hand and official sea;l;..! :,.. ~ ~-. -n• .., y: -~ - ~ R• BUNDLE, Not Y _ _ _ MICHAI=L land Co., Pa. ~ ~:,~. ' . - _ - Carlisle,umber s c. 2~~ 1~ M Commisst9fl Expire De , . Y , _ . RECpPDER ~?F pE~pS CUk~EEFLAt~~i, GOUNrY-PA . ASSIGNMENT of P~~~F~iII~~N~'E~ ST _ _~ .-i a ; r~A r~ ~ t..-~ r ~ ' i ° ~ $- C ~' I~"-Cr~-/ Dated; Apri]. 22, 1993 1. FOR VALUE RECEIVED, the receipt of which is hereby acknowledged, and intending to be legally bound hereby, the undersigned, pOUGLAs R. HEINEMAN, hereby bargains, sells, signs and transfers unto JAMES J. BUCKLEY, his heirs and assigns, all right, title and interest in the partne~cship organized and existing under the laws of the Commonwealth of Pennsylvania, the Certificate fox' Registration of which was filed on March 28, 1979 in the Off ice of the Prothonotary of Cumberland County, Pennsylvania to No. 1394 Civil 1979; and T3ouglas R. Heineman hereby releases and quitclaims absolutely and foxever unto James J. Buckley, his heirs and assigns., all right, title and interest a.n a].1 property, both real and personal, now held, or hereinafter acquired by said Buckley, Heineman, Shughart & . Stewart. 2. Thomas C, Buckley, James J. Buckley, Aa].e F. Shughart, Jx. and David L, Stewart, constituting a11. partners of the partnership of Buckley, Heineman, Shughart & Stewart have~deaided to retain the partnership name to which cont~.nuation of the use of ha.s name, Douglas R. Heineman agrees. The registered office of the partnership shall be changed from ~2 t ~t~.gli. Street, Carlisle, PA to 28 South Pitt Street, Carlisle, PA. ThE partnership shell file in the office of the Prothonotary, Cumberland County, Pennsylvania tv No. 1394 Civil 1979 an ~~npK ~~? p/~r,E ~; S~ _ amendment to the Certificate of RegXStration above referred to identifying the four cv.rrent partners and the new address. 3. The general partners of the Partnership shall carry on the business of the partnership pursuant to the Partnership A reement of March 26, 1979 without any winding up or termination 9 of the Partnership. 4. Each of the parties hereto agrees to execute any and al.l other documents necessary or appropriate to transfer the interest hereby conveyed and to carry out the intention of this~Agreement. 5. It is the intention of the parties hereto to be legally bound k~ereby, this Agreement shall be binding upon the parties hereto, their respective heirs, executors, administrators and assigns. Executed at Carlisle, Pennsylvania as of. this 22nd day of Apr i 1, 19 9 3 . ~----~„ .. _. ~.... ..,.~.. ~ ~ ...3~--~...----.. --r -,...~. -~~~. Douglas R. Mein man Thomas C. Buckley Bucl~~.ey . ~ Dale ~~'. huc~,K.art, Jr f `'.~ ~'~ . ~ ~, r, , David ~. Stewart E~~DK 4~? ~ac~ ~~~' COMMONWFALTI3 OF PENNSYLVANIA COUNTY OF CUMBERLAND On this, the 22nd day of April, 1993, before me, the undersigned officer, personally appeared Douglas R. Heineman, Thomas C. Buckley, James J, Buckley, Dale F. shughart, Jr. and David L. Stewart, known to me (or satisfactorily proven) to be the person(s) whose name(s) are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein aar~tained. . . IN WITNESS WHEREOF, Z have set my hand and official •~~~.seal;.° ~ ~•. p ' -.~.. ..'. ~ v J~11..,. ~a?L .. , :-'~~ gat ~~~amh~rfmnd . ~ ' ' ' ::~ =n ~t*~ office fear ttw~ recording of D~d+a ' '~~ :1: ~ :~.`: f~' ~~~•aexrll~ttid County, Pw. ' ~ ~, :: ~ .; , Fr;. fp7h~~<;~i Atxi s~~l o~ atliCO of ~Q'.j~ ~~ 1.., rli~.,.~; ~ ~''` C11~~ ~~ SAY ~r~ ~~".-~..~-.~ .~ R •c~ord~r _ ,.:' . is ?F - ~. ~ . ~ ~ !~ ~~ { err yam{ ~ ~. ~~.'~ ~/ '•{ ~ r T irR\ ~r 1~~'Il.j, yr• w~r~~/..I,~t';~",~~ ~. ~~fili ~ .N". ~•~y~ yr' w ~`. w 4 M• .h ~ ~ ~; 1 L ~ ~OJ1( ~4;? PACE ~~~;~ , TaxDB Result Details Page 1 of 1 Detailed Results for Parce102-20-1500-223. in the 2004 Tax Assessment Database DistrictNo OZ , Parcel ID 02-20-1800-223. MapSuffix HouseNo 156 Direction Street ELM STREET Ownerl BUCKLEY & HEINEMAN & SHUGHART C/O & STEWART PropType R PropDesc LivArea 1260 CurLandVal 15000 CurImpVal 49860 CurTotVal 64860 CurPrefVal Acreage .04 C1GrnStat TaxEx 1 SaleAmt 41500 SaleMo 12 SaleDa 30 SaleCe 19 SaleYr 93 DeedBlcPage 0036S-00769 YearBlt ~ 1890 HF File Date HF Approval_Status littr,•1/taxrlh rrria nPt/r~Ptail~_a~n?ici=n?.-~~-1 R~(1-?_~~.Rtcih~elect=l 9/3/2010 1.keyMIG6~.~keNlj ~'~'. ,J'h~~c,o.f 1'IIIS 1>>':BI) MADE T[~IE ~-l~ day oF~u,Cpux.l'~n.+, in Ibe yu~r of our [..ctrl one lhouslnd Hint hunched ninety-lhr>re (1993). BETWEEN GEORGE B. FALLER, JR. and PATRIC.IA F. FALLER, husbacxl and wife, ctr tlu; Borough of C~crlislc, Cuutlx;rland Caunly, Pi:nnsyivania, hwvinaflcr roferrul Iu as: Gracdors, and 13UCKLEY, I1L-lNEMAN, SI IUGIIART & STEWART, n patiiwrsl~ip congwsul uf'I'ltanas C. 13ucklcy, ]aorta ]. Buckley, Dalc F. Slnighart, ]r. and Dnvid L, Stcwari, having its orfice at 28 Sault Pilt Street, Bortuglt of Carlisle, Cuntlx:rG~nd County, Pennsylvania, hcreinnltcr rc:fcn•al la as: Grtnlc~s, WITNESSETII, that itt considcrnUott of FORTY-UNB TIInUSAND FtVB ]IUNDRL~D -'~ AND XX/100 (541,500.00) Dollars in hacxi 1>.nid, the receipt whCrcof is hcr:hy ackttowlcclgul, the said Grantors du hereby grant and convey to the said Grutkx;a, their Iu;Irs and assigns: ALL THAT CERTAIN tract of laixi with the intprovcutcnls Ihcr:un creel«I situate in the first Warf of the Borrnigh of Carlisle, Cumlxarnnd Cautty, .~ Pcnnsylvnnin, ltouucltxl aixf clescrihcci ns fitllows; . ~, ';' o • ~:~ ,.. ~~ ON the North by Ehn Strexl; on the Easl by properly now or formerly of Clnylrnt ~~, ..- - . r-+ Reinsmith; on the South try aii alley and on the West by propctiy now or fonuerly ~r of Tltc Fmg 8c Switch Manufacturing Company. ~ ; ' . . - ~ ~ ~-~ CONTAINING 17 feel 6 inches, more or Icsa, in frctttt on Elm Slrect and '~' '' . ; . ~~ r., extending lutck an even width 10(1 fcc;l, more or lass, to the aforesaid alley. ; i ; .'.;~ , ~ ~.~ i ~ i • ~ c~ .,. ai BEING improved with a semi-ddacltcxl frnntc hacse known as 156 Elnt Street, 'l' 4,:;':,;- ~,~. , - Carlisle, Pcctnsylvania. :.~' . . I;; ,;; BE[NG the svne premises which Goorgc II. Fnllcr, Jr. acxl Christine 1., Faller, , ., ~l ~, husl>4md and wife, by did dated Novonthcr 14, 19x9 and recorlal Novcudx;r I5, ~ ~ ' ~'~ t9R9 itt Ihu ofCco of the Retorter of Duds Gt and fitr Cuuthcrlaixl County in ~ r: ; Dcul Bask "G", Voluntc 34, Pagc 975, grnnkxl aixl cnnvcycxl unlct Gatrgc B. ;. '~ •~ ; Faller, Ir. '...:.. ~ . ': AND fhcsaid Grnnfors hereby covenant and agnc-that they wilt warrwl spc;cially the properly Iterc:by coctveyeci. ~lioic.s Z6 rnrE 769 .,., - :- iN WI'1'NI>SS Wlll?ltLU1~, said Unutturs have hc+t;unta scl Iltcir it:uxls and soils the day and year rrsl alxwc written. SIGNIID, SL~ALIID AND DGLIVCRBU IN T'IIII PRESL~NCE OF G+xirgc B ratter, Jr. ~'IIC Spl)8S(: of lila Gt7mlar hcnall 1UIn5 IlCrtaly itl tln; Wllhin Cl)nYCyaI1CC SUiCiy fat' thu pu+Ix~se of releasing whatever interest sl+e Wray be canstnuxl to I+ave. WI'I'Nl?SS: •) t'atricia F. Cstller COMMONWPALTII OF PENN YLVANIA ) cttr--L ): ss. CUUNTY OF ) On this, the .~~r' day of ~+l~Qt~l.~1Q t.. , 1993, lx;forc me, the undcrsi6ned afficcr, lx:rscnutlly aplx:uru! GL+ORGI3 B. FAU~IIIi, ]R. tnul PATRICiA It. FALLBI2, known to ntc (or sittisfactorily l-rovcnj to he llw pctsans whose names aro stdiscribcd to the within instnunt:nt, and acknowledged That they execulecf the same fur tl>c pun~oses therehr contained. IN WITNESS WHEREOF, I hereunto set my rand and official seal. .~, 1 /!7(~ 1~-~ (SEAL) gooK S ;;~ r~cc '7'70 r•.~ I Iten;by certify that 11te precise trsidcncc ~uul co~tplcte post office acicfress of dtc within GrtMtxis ;~s;, S, F~i\ S~- C,pr~~il.aF ~~e~3 .~ Atlomcy for tanl " COMMONWEALTI~ OF PENNSYLVANIA ) ): ss. cOUN~rx or~ :~ m~~c if ~-t~' ) RI?CnRDI?D on This ~• day of ~(i/ 2~ A, D, ! ., itt Utc Recorder's (}fftcc oC the said County in Ihxd Book 5 ,Volume .~C ,Page ~D9 , Giv Ty ha and the scat of the said office, the date above wriltcn. ,y. ~ ~ ~,. ~, ..d: ~,P..~.~> Schad Dist Cumb. Cc,, Pn. -• 1 % Ranl Er,tate Trenalor Twt i-f Dote i ~ ~ ~•'tAmt. r~C 7' S°' ' Rut-,ert P. 7,rorue, ' Currw. Co. O~et. Cot. AQt. 13rxough dt Cumb. Co.. Pf L% Reel Eetetrr lhenrahrAN Date' L .-~ ~Iu~ ~ v ] . 5v ~~~ Robert P. Uogkr Cumb. Co. Dist Cd. Apt Boob 36 P.•1r,E 77:~ TaxDB Result Details Page 1 of 1 T~etailed Results for Parce104-21-0320-149. in the 2004 Tax Assessment Database DistrictNo 04 Parcel ID 04-21-0320-149. MapSuffix HouseNo 248 Direction W Street POMFRET STREET Ownerl BUCKLEY, HEINEMEN, SHUGHART C/O & STEWART PropType R PropDesc LivArea 1386 CurLandVal 20240 CurImpVal 95900 CurTotVal 116140 CurPrefVal Acreage .09 C1GrnStat TaxEx 1 SaleAmt 41800 SaleMo 12 SaleDa 28 SaleCe 19 SaleYr 87 DeedBkPage 0033C-00859 YearBlt 1900 HF File Date HF Approval_Status L.++.... //+.,~..-ll. nnr..~ ,scat/~atoi~o aen7ir~-lid-7 ~ _n~7n_~ dU RT('~11CP.~P.rt=~ 9/3/2010 ~ !II-CT-1NSr/aaty OaW--6hort Ferro--~d 140~OOabtq SlIM1 Many 11x11, Ino., IaOiana, Pi • _*,.'~I ~ ~ 2 u !~t i 3 r~ . MADE THE .~.~ day of December i>s ~ y~r of our Lord one thousand Wins hundred eighty-seven (1987 ) BETWEEN WILLIAM 0. KER, Executor of the Estate of Marie S. Ker, • deceased, late of the Borough of Carlisle, Cumberland County, Pennsylvania, Ge~rntor and BUCKLEY, HEINEMAN, SHUGHART 6 STEWART, a partnership, composed of Thomas C. Buckley, Douglas R. Heineman, Dale F. Shughart, Jr. and - David L. Stewart, with its principal office at 52 East High Street, ; Carlisle, Cumberland County, Pennsylvania, g ~ ' s Grantee WITNESSETH, that in consideration of Forty-one Thousand Eight Hundred and 00/100 ($41,800.00)-------------- -~~' in hand paid, the receipt whereof >s hereby vtknotvIed~ed, the said praetor do es hereby yt~nt and arnvey to the said at'aTttee , its successors and assigns: t ~ All that certain tract of land, together with~the improvements thereon erected, situate in the Third Ward of the Borough of Carlisle, Cumberland County, Pennsylvania, bounded and described a5 follows: On the North by West Pomfret Street; on the East by property now or formerly of John A. Kyle, et ux.; on. the South by West Chapel • Alley; and on the West by property now or formerly of Dale F. Shughart, Jr., et ux. Having a frontage of seventeen (17) feet more or less on said West Pomfret Street, and extending in depth ~. at an .even width two hundred forty (240) feet to West Chapel Alley, and having thereon erected a two-story brick dwelling house known as 248 West Pomfret Street. The alley-way from the front, on the West line of the above described lot shall be maintained at the present width and depth for ingress and egress of adjoining owners. BEING the same premises which J. Howard Keefer, Widower, by his deed dated August 30, 1957 and recorded in the Office of the Recorder of Deeds in and for Cumberland County in Deed Book "A", Vol. 18, Page 85 granted and conveyed unto Marie S. Ker, Widow. The said Marie S. Ker died on October 7, 1987. 'the Grantor herein ~~ is the Administrator of the Estate of Marie S. Ker by Letters of Administration issued by Mary C. Lewis, Register of.Wills of • Cumberland County, Pennsylvania, on October 13, 1987 to Estate No. 21-87-733. Cumb. Ca., A+, ~~~~ . "' COh4MOtiW~A.?{f C7~ F'rNP1:1':.YAtvly = . `•' ~~E~'ARiMcfJi Qr G[VFni;) lx Nest f,rat„ 7rarn.'..r TAY .-. .__._.._ _ ~ a.. •.i ~ p~. p 0 ~anNSFER CFC: D'd7 ~' 4 1 8. d 0~ .~ ..... ........ nx ~- ., • r ^- ~~ ~ ~ • tL..- csv • '~ Y.8.3i1C: _._~ ~ ~ duwb. Ca Did. C.L Aef. '~ 1,~22~ 5cbooF Aisf. L"utrlb. Cp„ rY, ~l 7. Real Eilara T,aa+la: Tay y . ~ _ ~afy •~ a ~~-Y7 - t7 ..... .... A~ni. ~ ' .• . 800K~ ~ PAGE ~J9 . ~'-•~ 1 f -r~~,,~-~ And the said grantor hereby covenaart s and agrees that he w:7i warrant specially the properly Aereby conveyed. ~. IN YYITNE33 WHEREOF, aai the day and year frrat above written. 81~neb, 43tateb dnD ~Deiibtrcb ' in ter ~regence of i pmntor has her set his hand and sea! ' William 0. Ker} ~xecutor of ~the~ Estate of Marie S. Ker, decease aASa ..... «.~. .............._ .............~.......................... A8AL ~.. ...........~.......» ......................~..........»......°---......... SEAL State of Pennsylvania . aa. County of . Cumberland On this, the ~ ~,~"~„ day of December , 19 87 ,before me, the scndetsipned a,fficer, personalty appeared William 0. Ker, Executor of the Estate of Marie S. Ker, deceased known to me (or satisfactorily proven) to be the person whose name i s aubaaribed to the within instrument, and acktrowledped that he executed aama for the purposes therein contained. ,, 1N WITNE53 WHEREOF, I •kereunto set my hand and o~Feial seal. ,,.._;',,;.,;; ,; •~,;, BQNN!E L CHYLE. Notnry Puhiic .."'-..._...~~t¢ = -.~ir...~Yl~ : n1.• ~ ~~'''fi . PAt Hol!v Springs tom' =tyerk.n~ C~ Po s.>`.,JY•,i~\' , •j ~', ~~~. MY Con~missio~ Cxpires Oct. 8, 3'~ ........,.._« .............~......_..._........_....:.,:......... `~ ~~ .~! 2.'itle o,~~0~rt'~.^ a.... c. $tat6 0f ~. y~ ~ ` .0~ counOx Chia, the ~ `''~'~~~~.~,.,...••~ . ~y of , 19 ;before n+.e, the underaipn.ed o8ieer, personalty appeared ~ . knotun to me (or aat~rrsfaetorily proven) to be the person whose name subscribed to the within instrument, and ack:rowtedged that executed same for tha purposes therein contained. IN WITNESS WHEREOF, 't hereunto set my hand acrd oareial seal. i - Title of O,~eer, I do hereby certify that the precise residence and complete post o;~iee address of the within named D7'antee is X52 East High Street, Carlisle, PA 17013 December Z ~ 19 87 BQOI~(' ~ PACf S~'U i. ~• • • TaxDB Result Details Page 1 of 1 Detailed Results for Parcel 04-21-0320-153. in the 2004 Tax Assessment Database DistrictNo 04 Parcel ID 04-21-0320-153. MapSuffix HouseNo 258 Direction W Street POMFRET STREET Ownerl BUCKLEY, HEINEMAN, SHUGHART C/O & STEWART PropType R PropDesc LivArea 1322 CurLandVal 18000 CurImpVal 93250 CurTotVal 111250 CurPrefVal Acreage .08 CIGrnStat TaxEx 1 SaleAmt 75000 Sa[eMo 09 SaleDa 14 SaleCe 19 SaleYr 90 DeedBkPage 0034T-01001 YearBlt 1910 HF File Date HF_Approval_Status -- .. ., ~,• , r. ~ n ~ n~r-n ~ c7 0_,21..,,,.1.,,.+-i 9~~~2010 • awvnvcu-vri fut. v, iu~ „~ i't~CunDF. Cr" G~EDS "' C~".,•'Ja.AJt~dvJEA~TN O~ Pc-?•'' fY:.'<:_.Fl~l; . `50 SEP 1'i Fill li 56 r c:,:~n,r,~~_~.!F C; ~:~~r~r•~~1~ .._, .... _ - r.~. ~;.~:..: .., ~. N~S~ `~ 9th day of August 1n the year of Our Iord oc~e thousar:d nine hoturh+eti nir:ety (1990). I ZAZLE E. BDYIE, widowr, by arri throw her duly oorLSt3txited Attd~~y~-LrFact, PADL A. ESE, of the Haroex,~h of Carlisle, cUmbP.rlar~ci axmty, F~nsylvania anc3 fit, ~~ SF~~ is S`4~IiT, a T o~osed of mamas C. Srk1eY, DotY~las R. Hei_*+~*+, Dale F. Stnx~~art, Jr., and David L St~ewatt, with a principal offiloe at 52 East High Street, Carlisle, I~sLSylvanfa 17023, WI~S.SE~i, that in consideration of SEVE[~fi'Y FIVE ~ ($75,000.00) DoIIARS in hand paid, the receipt whereof is hereYyy ac3aiowledged, the said gxantor does hereby grant and convey unto the said grantee, its suxessors arx3 assigns, as tenants in partnership. All that certain lot of grot~ci situate on the Southern side of West Poanfret Street in the bird WaY3 of the Boro~xih of Carlisle, Clumberlarxi County, Pennsylvania, batvr3ed and described as follows: On the North by West Pomfret Street; on the East by propexty now or formerly of Jean H. Bailey; on the South by West Chapel Alley; aixi on the West by propezty now or formerly of Carl C. Fisher; having a frontage of 15 feet on West Pomfret Street and exter~dirg at an even width 240 feet to West Chapel Alley; having thez'eon erected the Eastern half of a double brick dwelling house, ]mown as No. 258 West Pomfret Street and also a brick garage facing West Chapel Alley. Subject, however, to the right of the awr~ess of the property to the East of the property described above, to ingress and egress through the alley fran the rear of the dwelling on the pr+aperty to the East of the property described above, to West Pcsnfret Street. Being the same premises which Eliza E. Bretz cl.iriy, et. al., by their deed dated Jarniary 13, 1947, and rewrded in the office of the Ruder of Deecis~in and for Ctnnberland County in Deed Book "J," Volume 13, Page 596, granted and conveyed unto Joseph A. Boyle and Zazle E.' Hoyle, husbatxl arxi wife. Zhe said Joseph A. Boyle died on the 7th day of August, ]974, whereupon fee simple title to the within prem~=~ vested in Zazle E. Boyle by survivorship.. 'Ihe said Zazle E. Boyle has, by her Power of Attorney dated August Lt, 1989, and recorded on S~~gWt f j~ 1~ eoc~~ y~~ ~;.,~iQ01~ r i' , 19~ il'1 amtbPxlard Co~ulty IYlisc. Hoak , Page , appo and oanstituted Pau]. A. Boyle hat- Attorney-In-Fact to execute this deed on her behalf. AND the said Grantor hereby covenants arx3 agrees that she will warrant sPF7cTALT~Y the property hereby conveyed. IlV WI'T'NESS S~k~2DDr^^, said Grantor has hereunto set her hand and seal the day and year first above written. sF~w) signed, sealed arr3 delivered a E. Hoyle in the presence of (sF~w) A. Hoyle, her Att~x~ey- State of Pennsylvania S.S. Courtly of Clmberland On this, the ~ T~ day of i~ri~e.~si ,1990, before me, the urxtetsigne3 officex, personally appeared PAUL A. BODE, Io;yown to Zoe (or satisfactorily proven) to be the person whose name is subscribed to the above indenture as Attorney-In-Fact for Z~f7dS B. HDYIE, and acJutawledged that he executed the same as the act of his principal for the purposes therein contained. IN WI'INES.S Wl~2DOF, I hereunto set my haul and Official seal. e ~~ G 4 P P .t ~ ',, - '~ J ..'1 . ~ t ~~~ • J ~(~ . +`, ~ .,,.eft:.' \ :. A. w~ '~~ ~~. - Horn~ua~ s~-t , ; - EDNAACIL aCHDttPP, NDTARY WSItC .i: - /~~1 i SaroupFr d Cumb~ Ca, Pe. - 3-86 Real Eotara 1Fancftt Tax ~o ' Dare -~ y Amt. 3 7 mb. Co. Dint. Col. Apt„ CA1+uS:.£ ;UP.O. ^dl~iyERLJ1ND t~UtRY M Mr fA1M,fNI$,l,;u EX1iRESdUNE 11 +992 ..Q/~-/' School Dist Comb. Co., Pe. i1-~(i Real Eatpte Tranafsr Tax 0 v paM `~ Y'~0 Amt, ~--' %~ ' ._.~,. umb. Ca. Di¢t. Col. Agt /~ eo~~ 134 Fac~10fl2 • • • 1 ~~ ..~ ~ a~ ~let~e p~ affiog rd~~~ ~~ ~~~1~~ ~~ ar3dr~s °f ttye ~~ ~ ~ ~ ~.~ J ~o ~~ ar ~~ i •i . ~ `~ of ~y~ , ~,. ' ~~ OF C~D ! n~ ~~ i A.D. 1`3~ ~ ~. - ~,oardes Office of '~ said CY• ~ ~~ ~ `~ ~-,:' ~ ~ ~ * ~' s~.a1 of the said off ice, ~ ~~ abWe ~~~- , ~ ~' VV ~ PAG:~. ~ ~ ~ ~...w:ec."'f~:~ MEMORANDUM OF AGREEMENT ., MADE AND EFFECTIVE on the ~1 da of ~ , 2010, by and 2- Y between the Estate of the late Dale F, Shughart, Ji•. ("Deced t Partner"} and James J. Buckley, Thomas C. Buckley, David L. Stewart ("Remaining Partners"). V~HEREAS, the Parties were on the date of the Decedent Partner's death {March 23, 2010) all of the Partners in the Petulsylvania general partnership known as "Buckley, Heineman, Shughart and Stewart"; and WHEREAS, the Parties .have agreed in an arm's length bonafide agreement that the fair market value as of March 23, 2010, of the interest of the Decedent Partner was Sixty Five Thousand ($65,000.00) Dollars; and WHEREAS, the Remaining Partners have agreed, as provided in the Partnership Agreement, that the Remaining Partners will purchase the Decedent Partner's interest in the Partnership for the fair market value sum of Sixty Five Thousand ($65,000.00} Dollars (the "Purchase Price"). NOW, THEREFORE, for and in consideration of the above recitals and the payment of the Purchase Price and intending to be legally bound hereby, it is agreed by and among the Patties as follows: 1. The Purchase Price shall be paid at a~ settlement to occur simultaneously with the Remaining Partners' settlement on their mortgage financing with Or-rstown Bank. 2. At settlement, the Parties will execute the Assignment, a copy of which is attached. 3. At or after settlement, the Patties agree to execute such other documents as may be necessary and applicable to carry out the intents and purposes of the Agreement of the Parties. 4. The Parties agree that the Purchase Price shalt be allocated as is shown on the attached Schedule. IN WITNESS WHEREOF, the parties have set their hands and seals to this Agreement as of the date fast above recited. Witness: Estate of Dale F. Shughart, 3r. By: Laura A. Williams, Co-Executor and By: Hamilton .Davis, o-Executor C~\~~ David L. Stewart necessary and applicable to carry out the intents and purposes of the Agreement of the Parties. 4. The Parties agree that the Purchase Price shall be allocated as is shown on the attached Schedule. IN WITNESS WI3EREOF, the parties have set their hands and seals to this Agreement as of the date first above recited. Witne s: Estat f Dale F. S ughart, Jr. By: aura A. Williams, o-Executor and By: Hamilton C. Davis, Co-Executor Thomas C. Buckley James J. Buckley David L. Stewart SCHEDULE -ALLOCATION OF PURCHASE PRICE The Decedent's Partnership Interest in Cash, deposits in Bank, and bond $ 5,092,00 The Decedent's Partnership I~lterest in three parcels of teat estate $59,908.00 TOTAL $b5,000.00 Tax Parcel Nos: 04-21-0320-149 04-21-0320-153 02-20-1800-223 ASSIGNMENT 4F PARTNER'S INTEREST IN PARTNERSHIP DATED: S~~ ~v( J WHEREAS, the Late Dale F. Shughart, Jr. died Match 23, 2010, and the Assignors hexein (Hamilton C. Davis and Laura A. Williams} were duly appointed Co-Executors of his estate by the Register of Wills, Cumberland County, Pennsylvania; and WI~EREAS, at the time of his death, the late Dale F. Shughart, Jr., {hereinafter the iiDecedent"} was the owner of a 25% interest in the partnership known and designated as "Buckley, Heineman, Shughart and Stewart" consisting of the Decedent and partners James J. Buckley, Thomas C. Buckley, David L. Stewart; and WFIEREAS, the assets of the partnership include three parcels of real estate situate in the Borough of Carlisle, Cumberland County, PA, as acquired by the partnership by virtue of deeds: 1. Deed dated December 28, 1987, from William O. Ker, Executor of the Estate of 1Vlarie S. Ker to the Partnerslp, recorded in Cumberland County Deed Book C, Volume 33, Page 859, which presently has a Tax Parcel Identifica#ion Number of 04-21-0320-149. 2. Deed dated August 9, 1990, froru Zazle E. Boyle to the Partnership, recorded in Cumberland County Deed Book T, Volume 34, Page 1001, which presently has a Tax Parcel Identiftcation Number of : 04-21-0320-153. 3. Deed dated December 30, 1993, from George B. Faller, Jr. and Patricia F. Faller to the Partnership, recorded in Cumberland County Deed Book S, Volume 36, Page 769, which presently has a Tax. Parcel Identif cation Number of : 02-20-1800-223; and WHEREAS, the Estate of the Decedent acting by and through its Co-Executors referenced above, has agreed with the remaining partners, Thomas C. Buckley, James J. Buckley and David L. Stewart, to sell to the remainug partners all of the deceased partner's interest in the partnership and the remaining partners Dave agreed to purchase the same as evidenced hereby. I~IOWy THEREFORE, far value received the receipt of which is hereby acknowledged, and intending to be legally bound hereby and unending to legally bind their respective heirs, successors and assigns, the undersigned Co-Executors of the estate of the Decedent, hereby bargain, sell, assign and transfer unto James J. Buckley, Thomas C, Buckley and David L, Stewart, their heirs and assigns, alI of the Decedent's right, title and interest in the partnership, heretofore known as Buckley, Heineman, Shughart and Stewart (a general partnership existing under the laws of the Commonwealth of Pennsylvania, the Certificate for Registration of which was filed on March 28, 1979 in the office of the Prothonotary of Cumberland County, Pennsylvania to loo. 1394 Civil 1979) and the Estate of the late Dale F, Shughart, Jr. hereby releases and quit claims absolutely and forever unto James J. Buckley, Thomas C. Buckley and David L. Stewart, all of the Decedent's right title and interest in the Partnership and any and all property both real and personal now held or hereafter acquired by said Buckley, Heineman, Shughart and Stewart. Thomas C. Buckley, James C. Buckley and David L. Stewart, constihrting all remaining partners of the partnership of Buckley, Heineman, Shughart and Stewart, have decided not to change the partnership name and will continue to use the mine "Buckley, Heineman, Shughart and Stewart". The registered office of the partnership shat! be changed to 9 East Pomfret Street, Carlisle, PA 17013, The partnership sliall file in the office of the Prothonotary of Cumberland County to No. 1394 Civil 1979 an amendment to the Certificate of Registration above referred to identifying the tluee current partners and the name and address. The general partners of the partnership shall carry on the business of the partnership pursuant to the partnership agreement of March 2b, 1979 as amended by amendment dated September 13, 1984, or any subsequent agreements, without any winding up or termination of the partnership. The remaining partners hereby agree to indemnify the Estate of the Decedent from any and all liabilities of the Partnership either now existing or arising in the future, except for tuiknown liabilities arising on account of actions taken by the Decedent in violations of the Agreement among the Partners, . Each of the parties hereto agrees to execute any and all other documents necessary and appropriate to carry out the intents and purposes of this assignment and to thereby transfer the interests hereby conveyed and to carry out the intentions of this agreement. it is the intention of the parties hereto to be legally bond hereby and that this agreement shall be binding on the parties and their respective hews, executors, administrators and assigns. Executed in Carlisle, Peru~sylvarua on this ~'1 day of , 2010, Witness: 1, ~~ Estate of Dale F. Shughart, Jr. By: Laura A. Williams, Co-Executor d '~u~= By: Hamilton C. Davis, Co-Executor C, Buckley Ja~'es J. Bt~kley ~ David L. Stewart interests hereby conveyed and to carry out the intentions of this agreement. It is the intention of the parties hereto to be legally bound hereby and that this agreement shall be binding on the parties and their respective heirs, executors, administrators and assigns. Executed in Carlisle, Pennsylvania on this ~~ day of , 2010. Witness: Estat of Dale F. u Bart, Jr. By: Laura A. Williams, Co-Exe for and By: Hamilton C. Davis, Co-Executor Thomas C. Buckley James J. Buckley David L. Stewart STATE OF CALIFORNIA COUNTY OF ~0 f ~d~~//t8 f On this the day of , 2010, before me, the undersigned officer, personally appeared LAURA A. WILLIAMS, known to ine (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged the foregoing assignment to be her act and deed and desired the same to be recorded as such. WITNESS my hand and official seal the day and year first above written. ~ ~r SEAL) Notary ublic COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. On this the ~ day of ~! 2010, before me, the undersigned officer, personally appeared HAMILTON C. DAVIS, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument, and acknowledged the foregoing assignment to be his act and deed and desired the same to be recorded as such. WITNESS my hand and official seal the day and year first above written. (SEAL) No Pub is COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL Public SHELLY SEXTOINbeNroland County Carlisle Boro, C My Commission Expires April 26, 2011 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of O before me, Denetia Arellanes, Notary Public to Here Insert Name and Title of the Officer personally appeared ~'-' who proved to me on the basis of atisfactory evidence to be the person whose name is/aye subscribed to the within instrument and acknowledged to me that •fae/she/tfaay executed the same in Reis/her/tlae~r auth rized capacity(iea), and that by f~+s/her/tlacir signature~n the instrument the personl~or the entity upon behalf of which the person(~s~acted, executed the instrument: QENETIA ARELLANES Commission # 1808467 ~ , mod' Notary Public -California Z Z Los Angeles County My Comm. Expires Aug 15, 2012 Place Notary Seal Above I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and Corr _ WITNESS ignature OPTI L - Though the information below is not required by law, it may prove valuable to pet and could prevent fraudulent removal and reattachment of this form to D cription~f Attache ocu n l le or y e of oc m Document Date: r Signer(s) Other Tha amed Above: 1 icial s g ure of Notary Public relying on the document Fher document. ~~ Number of Pages: Capacity(ies) Claimed by Signer(s) Signer's Name: ^ Individual ^ Corporate Officer -Title(s): _ ^ Partner - ^ Limited ^ General ^ Attorney in Fact D Trustee ^ Guardian or Conservator ^ Other: Signer Is Representing Top of thumb here Signer's Name: ^ Individual ^ Corporate Officer -Title(s): ^ Partner - ^ Limited ^ General ^ Attorney in Fact ^ Trustee ^ Guardian or Conservator ^ Other: Signer Is Representing: Top of thumb here ®2007 National Notary Association • 9350 De Soto Ave., P.O. Box 2402 • Chatsworth, CA 91313-2402 • www.NationalNotaryorg Item #5907 Reorder: Call Toll-Free 1-800-876-6827 STATE OF FLORIDA COUNTY OF ~ ~= ~-~~ ~- On this the 1~1. day of S f-i'~'~~- , 2010, before me, the undersigned officer, personally appeared THOMAS C. BUCKLEY, known to me (or satisfactorily proven) to be the person whose name is subscribed to the wi#hin instrument, and acknowledged the foregoing assignment to be his act and deed and desired the same to be recorded as such. WITNESS my hand and official seal the day and year first above written, c~ c~ c.e~ (SEAL} Notary Public COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. ~~~N1441iliiill///~/ •~.P~~R1NA FI/,/p~/~~~r ~V ch 24, 20jiO9 .~ ~ N~ z _=~• ~' . • : 7E' ~ Z i #DD 943662 ~ Q ~. o- ~'~~~i~A~9Ci~, STA'~~~~ `~~. .~:~~€,411 On this the day of , 2010, before me, the undersigned officer, personally appeared 3AIv1ES J. BUCKI,EY, known to me (or satisfactorily proven) to be the person whose i~.ame is subscribed to the within inst~l~ment, and acknowledged the foregoing assignment to be his act and deed and desired the same to be recorded as such. WITNESS my hand and official seal the day and year first above written. (SEAL} Notary Public COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND . ss. On this the ~U day of . ,}.~~Ol 0, before me, the undersigned officer, personally appeared DAVID L. STEWART known to me (or satisfactorily proven) to be the person whose natue is subscribed to the within inshliment, and acknowledged the foregoing assigrvnent to be his act and deed and desired the same to be recorded as such. WITNESS my hand and off cial seal the day and year first above written. (SEAL) Not ub .`c COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL SHELLY SEXTON, Notary Public Carlisle Boro, Cumberland County My Commission Expires April 20, 2011 - - ~ ~~~ i~.S. Retur~l of Part~e~•~~'~ ~y i `~~'4'~4'~~ ' I G1v1P. No. 1545-0099 F~ rn~ ~Lal or the Treasury uJLiiru For calendar year 2043, or tax year beginning - , :!CiJ9, ending , i?0 ---------- -------------- --- , I ; 7 i r ------- l l . hue s~rvi^e :e_rv:,j r~rve I ; ~ See separate is~,strac:ia~,s~, v L~ _ ,, ~ la ''rin~;~aJ tlilsilP.oS 2cti~'ity lase the Name of partnership ~ ' ~C En:(:ioyor identification number ... (__.~,.};~er:i~f 4~~J~tv°..lk..~ 1~~1Nfl'1~r1 .~I~`~~444t~i ~ ~`-';~~~~'t ~, ~ - 'r~ Fr~naip,-:1 ~r~~!1JCt or spice ~~hel, Numbsr, 5-trec~, and room or suite no. If a P.O. bob, Se° ti;r; in-s~.ructians ~ :`sae tusiness started '~ i_ 1~.;.~ l:?ther- _ _.1 ~+- ~ ~.A P f~7... CT, -~--- - 7, ° o;. ~ - ") `~ - --. C ;_~~!~ irr;ts code ^urnber rrvtse, K~rirlt C:ty or to~rvn, state, and ZIP code -- , , F ~ :,.a. assets (see the t k" '~ ,.--1 ~ n: ype. Cht:Ck ap[~'ic;ab!e bodes: (1) r~ Initial return (2) ~ Finai return (3) [f Name change (vl) [] .F~ddress change (S~) ~•] Amended return (6) ~ Technical termination -also check (r) or (2) Fi ~:;-~t;::k accounting rrlettiod: (Z) ,f`~'Cash (2) ^ Accrual (3) [) :)thc;r (s~eciT`~) b* ': I'•i~;nber of schedules K.-1. Attach one far each person who vas a partner at any time d~.~rint3 the t.~~x year ~ ~ a ~~- c'f'~eCk ii ;~cha~l~!les C and IVI-3 are attached ^ c;-.~ ~,~a=.>rt. ircl:.io~~ ;,lriy~ trade or bwinass income and expenses on lines la thro!ay~. 22 beie~v. Sea i?;e instnacti~ns fior,~nrrf: information. t a L.irv~:; reosil~ts ur :.a'es ~;~ --- i -~--~----~-- ~~~ - - " b ~ L~<._ reil!rns 4nd ailo'~+!arce~~ . ~_~t~ sic I I :} C;~st of gp.~,ds solo iSci7etdule A, line 8) I ?.. -- -- --- `" ;~ I i ~ ~, .;, refit. , ub tact ii ., ~^: c~~~• ~~ 1 S t ' n~ 2 from line 1 c ( w i 'ti ~ t- I ~ ~`>• ~rc.naly inc..me (~.~:,.1 from other partnership., ~~,=n,r.~, and trt..::~,,. +'att2cl~; sistertent) -_--- i (tiei fain-! nrr,tit (Its;,) ;=~trach Schedule F (For rr, 1t;~ti)) __ ~= i . I..-. - C NUt gain (I;~:~s) fi~om Faint 4797, Part II, line 17 (attach Form 4l~7) ~. _ _ - ~_ ~ ~ (Jther incon ~t; (loss) jattiach statement) ![_ ___ - r - ~ ~_£~ Tofa! incoct*e (loss;_C:ambine lines 3 through 7 . _ -. ._ ~-_ -{ ___ S ; Salaries aril tivages (tithe; than to partners) (lt~ss amuloyment credits) I ~ U ;a I i ~ ~ I~.uarantee;d payme-;ts to partners - ~G~ _~ I ; i f~Fpairs and maintera.nce . ~_! f - - `-`_ '~: I 't 2 Bad r; ~=bts .. - 1 r "' ' -- , `~-- ~ :~ I i ~~• Tuxes and liC--enses ! S4 ~- `, ~ ~~a DeprECiatit,!. (ifrec~,;ire~, attach Form 4562) . -Efa - :. =- I ~ ' Las_. der.~reciatier rr;Fart;:d on Schedule A and elae+r[herE~ on return ' 16b tion ) il d d l ~ ut d ~ t l ti C~ ~6r.. ? 7 -- , r: ~ i ,. an gas ep e cr. ( o n e s~c o e eia r ____ r.l ! ~ i',etirement piGns, etc. ! e8 ;~, l '9 t::. !ployee bsnefit -programs ~ g _. ~-._ ~ • ._ '~ 20 Other deductions (iattach statement) ~ 2 4 ~..~~ i 2i Tata! cled~c~tions. ~,dd the amounts shown in the fiat right column for lines 9 through 20 . __ _ __ I ~i << Q~r-~inar~ 13usine~s ir,~ome (loss). Subtract line 21 from line 8_ ._ I~2~ - -~ - _ __ Jncfer penalties of perjury, I declare that I have exam!ned th!s return, includiny~r•.companying schedules and statements, and to the best of my 'rnrnvledyo arld belief, it is true, correct, and complete. Declaration of preparer (ether than genera! p4rtner or limited lia~:ility company member manager) ~~;~~-;~ ~ is based on all information of which preparer has any knevrledge. May the Iris discuss this return wfth the I1 ~j,~~,.~, L'~ i -.1.~^",,,~ ~_ ~,~ ~`.,,,~-~ 3. ~ °~a an member mana er ' Cate artner or limited liabilit com Si nature of eneral ?~eparer shevm below (sea 'i~,~t:~~ti~~~^ Yes ^ No + y y p g g g p ~ ~ ~~OL~ Preparer's Data Check if Preparer's SSN or PTIN t ~r~parrur 5 i signature self= employed ~ Firm':s name (or ^ F4~ s ~~f? ~~~~ I yours if self-employed), ,~ _ , address. and Z!P code r Phone ro. "tor privacy Act an*~ Pa~erw•ork Reduction Act Notice, see separate instructions. Cat, no. 113507_ Forin 1 Q65 (2009) Foy m 1065 (2009) Paae 2 ' ~ - • ~ Cost of Goods solid (see #~e irzstructi~r~s) -_ ~~~ Z Inventory at beginning of year . 1 _ 2 ~ Purchases less cost of items witluarawn #cr per•ss~ria.l use ~ 2 ii - - -- 3 Cost of labor 3 1 4 Additional section 263A costs (attach state~rer~t) 4 _ - 5 Otl-,er costs (attach statement) 5 G 7 Tot~i. Add lines 1 through 5 Inventory at end of year 6 7 __ 3 Cost ofi goods sold. Subtract line 7 from !ine 6. Enter here an~1 on page 1, line 2 . 8 _ 9a Check all methods used for valuing closing im~entory: (i) ^ Cost as described in Regulations section 1,4 71-3 (ii) ^ Lower of cost or market as described in Re~;~:.~lations section 1.471-4 (iij [~ Other (specify method used anC attach explanation) !" ~i Check this box if there was a ~n,~ritedown c# "subnormal" goods as described in Regulations section 1.471-2(c) . - ^ c Check this box if the LIFO inventory method was Gdopted phis tax year for any goods (if checked, attach Form 970) . . !~ ^ d Do the rules of section 263A (for property producect cr ac;uired for resale) apply to the partnership? ^ Yes ^ Pao e IhJas there any change in determining qua;ltities, ~;ost, or ~~c~.lr.+ations betvreEn openi-~g and closing inventory? ^ Yes ^ ivo . If '`Yes," attach explanation. - . Other Informatioln - 1 -- What tyke of entity is filing this return`? C+i+;ck~:'~c~anp'ier;.i;~fe tox: ~ Yg:; • No a o l~1 Domestic general partnership :~ ^ { ~orneatic limited pa;-tnership ~ ^ ComEStic limited liability coiTtpany c+, ^ 7omastic limited liability partr:~.rship . ^ Foreign partnership f ^ U.her ~•------------------------------------•------------------------------ ~. t Ht anytime during the tax year, was any partr~~~r in tyre p<z;tnership a disregarded entity, a partnership- (including i an entity treated as a partnership), a trust, an S ~,orr~r~ratian, an estate (other than an estate of ~a deceased partner), ~; or a nominee or similar person? ~ :3 At t{~e end of the tax year: a Laid ar~y foreign or domestic corporation, parirrtrship (including any entity treated as a partnership), trust, or tax- r;xr~mpt organization own, dir:ctly or indirectly, an interest of 50% or more in the profit, loss, or capital of the ~ partnership? For rules of constructive ownership, soa instructions. If "'fes," attach Schedule B-1, Information on I t'artner:: Owning 50% or Mcrc Of the Fartnershi;~ ~ p Did any individual or estate own; directi;~ or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of con ~tsuctiv~: cv: nar:,hip, sPe instructbns_. If "Yes," attach Schedule B-1, Information ~~ an Partners Owning 50% or More of the Fartr ~ership ~ At. the end of the tax year, did the partnership: a Ovvn directly 2.0% or more, or otvn, directly or indirectly, 50% er more of the total voting power of all classes of stock entitled to vote of arnr for+;iCr ~ cr dar t ~csric corporation? For rules of constructive ownership, see instructions. if "Yes," complete (i) ihrougf ~ (iv} below . ~ - (i) Name of Corporation ~• __ _~___T (ii) EmplEmployer Identification Number (if any) (i:i) Country of Incorporation (iv) Percentage Owned in Vo't~iig Stock _ -_- ` -_- ~. ~ b Own directly an interest of 2G% cr morn, or awn, directly or indirectly, an interest of 50%, or more in the profit, foss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial Interest of a trust! rot rules or censtructlve ownersni p, see rnstructions. Ir -Yes," complete (I) through (v) below . l (i) Name of Entity _- ~ (ii) Employer Identification Number rf an (ii) Type of Enti ~ (iv) Country of Organization ~ (v) Maximum Percentage Owned in Profit, Loss, or Capital Form 1©65 (loos) .~-_~ Form 1065 (2009} Pag° ~v ~~~ _Yes . No 5 Did the partnership file i=orm 8893, Election ref Partnership Level Tax Treatment, or an election statement under °! section 6231(a)(1)(F.3)!ii) ic,r partnFr:hiF.-level tax treatiTtsr~t, th:t is in effect for this tax year? See Form ~;~t03 Tor .~ ~,~ more details 6 Does the partnership satisfy a!! four of the follovving ccnciitions? a The partnership's total receipts for the tax year were less than $250,000. '~ b The partnersrip's total assets at the end of the lax year were less than $1 million. o Schedules I<-1 arc filed with the return Gnd furnished to the partners on or before the due date (including extensions} fc,r the partnership retur;r i. ' d The partnership is not filil .g and is n~~t required to file SchEdule ~l-3 ~ r If "Yes," the partnership is not raq~.~irnd to complete Schedules L, M-1, and M-2; Item F on page i of Fo. m 1 J65; _` ~ _ _ or Item L on Schedule K-1. _ -- ~=` ..~ 7 __ Is this partnership a publirly traded partnership as def_ined_ in section 489(k)(2)? . ~ .- -__ . I ~~ -~~ ~ g During the tax year, did the partnership have any debt that was cancelled, was forgiven, or I-~~;d thy. t~~rm~ ' ~ ~ ~ ~'~ . :~ . modified so as to reduce the prncipza! amount of the d~;bt ,. g _ Has this partnership; filed, or is it re:~uired to file, Form 8918, P/IatFrial Advisor Disclosure Statement, io previdF ___ -i--- i i w,, ` 'r informati~tl;,~n any reportable tYansac4ion? ,~;-- . . --._.~_._ ~. - ~ '- ~ - s 10 - -- -- -- At an tirTtc~~~r~rn ca'e~•.~ar ~~~~~~ ^7r`a ~i~d 'hc •~~•~rrrnr•~~~ip i"iave a-r int~Yest in or a sign~~,ur~; or ether at.ithi~ri~~~ ovFl~ a fnancial aLC:o;~nt ir; a~ f:,.eir~n cc.:r~~t,~,~ (:~uci: ~.~ ~~ ~.z.~ic ~ecau.,~., aeciarities account, or other fi..arciai ; cr.lunti ~ (~~~ ~t ~ 1 Y ~~ ~ r ~r' ~~~ i~ C ~t See the 'in~.r~u? .ions io. F,.eF ptiu •i:~ Laid fi'', ~c:;~ra,~u.r~.r; lent., fclr F~ rrn TD F 90-22.1, Rc pot : of ;~orc;ign D~ri!~:: and l;Y ~ ` , '; ~. . Financial ~'cc~ Hurts. I` ~"ti'~a " ~r3'.~r the ham:, of ti~~w ficraic4r country. ~' _ i ~ 11 At anrr,.tir~e duril,g ti :;; :~:;, ~n~;ir; cirj i`+e psr:ri•r~ship +'c~~.eive a distribution from, or ~r;as it t.,..., u:an.v, .~f or .~~~ . , trans{oror ~`o, a t~::re~~ r. it ~ ~~;t? ~f "y,: s,`' ?i'~a ~:~ar:rershi~ ^~ay have to file Form 3520, tinn;.ral Re.ur!~ •fo l?r po; ~: .~~.: ~ Transactii:. ,"Jiji; .=or~;can ;'I'~asic; as~d F';~-ce~ila of Cell:air. Foreign Gifts. See instructions V_ y. -_ ~__ 12a is the par<nersh ip Ir~akir~fa, or had it pt~eviou:;,`y made (anc; not revoked), a section 754 election? ~ , `~~" See instrur:liu! ~s f,;' de~iaily regardincj a section 754 election. .., . b Did the partn-lsr'~ili +11%?ICG fc.r this tax year an optianai L~asis adjustment under sectiur; 7~E3(b) or 7S4(t~)'? !f `~ ~`^s.'~ ~ j ,,~, attach a statErnwr:f y~hu~,,ing the cGmputation ana allocation of the basis adjustment. See instructions ~ -•' - . l ~ ,~-. c Is the partnershlp regti; ~::r1 to adjust the basis c;f partnership assets under section 743;b) ~,r 734(b) hec~ ts~:~, ~f ~ ~; subCtar ~tial buit-in loss (as dsfir,~ci i~r:dsr section 743(d)) or substantial basis reduction (as iaefi;~ed under s~,ti~~ 734(d))? It "~`es," attach 2, ~fater~,~nL shou~inri the r..omputation and allocation of the basis iiciju_~}~rnent _See instr~.~e`ion -` ~ 13 '~ Ch+rck this hox-if, ~~Iri,•~ t ti ~~ ci~~•rFnt or prier `>.a:: year, the partnership distributed any property received in a like=kind exchanyE`~r contrit;uf~E:d ouch property to another entity (other than entities whoilyowned by fEtir~ partnership tl7rouat:out tiie tar-year) . _ • _._.._ ~,~ f~ ~__ 14 At arr,~ time c1t~r-ir~g the tax year, ditf 41~~ partnership dis#ribute to any partner atenancy-in-common oi~ other ~ ~ ~ undi~~ided i;•rterest i. p3~tnership ,~resperty? . ._. ~ 1 I !~`' 15 If the partnersl~rip ir, recluircd to Lilo Farm 8858, Information ~Rcturn of U.S. Persons l'Vith Re:~~~er..t i o h c•~reigr~ ~~, Disregarded Entities, enter the nurr~laer of Form:; 8858 attached. See instructions - ___________.____ _______ _ ____ 16 Does the partnership r~£~vE• ar~y foreign partners'? if "'r'es," aster the number of Forms 8305, Foreign Parlnar's• _ Information Statement .,f Section 14-~ 81~~!ittlh~;lding Tax, filed for this partnership. - ___________________________._.._.._______ _ __ _ __ 17 Enter the number of Farms 82f5, Return cf I~.:i. Parsons With Respect to Certain Foreign Partnerships, attached to this return. t~ i~ ~'~ ~ Designation of Fax Matters Partner (see instructions Enter below the general partner designated as the tax maters partner {rMF') for the tax year of this return: Name of designated ~ ~~ ~S ~ ~ la L ~~E.-~=•~ Identifying ~ ~ s .. Z 8..q~1~'~ TMP _ number of TMP 1 __7 If the TMP is an entity Warne ,., Phone number ~,~~,~~q8'~~~~ of TMP representative _ of TMP t A3aress~a- l ors t„!~' Pi+t' Z- t...'j" designated , ~ ~~~ - ~~ ~ ~ ~ - -- TMP I`~ i~' ~ _~~.~ Form '~ a6~ (2009} Form 1065 (7.OC9) Faae 4 - ~ _ I~artners' Distributive Share Items Total amount _ i Ordinar~r business income (loss) (Wage 1, line 22) 1 -- ' '` NEt rental real estate income (loss) (attach Form 8825) .~ 2~ 3~ ~ 1 _ ?s Ottrer gross rental income (loss) 3a ~ b Expenses from other rental activities (attach statement) . 3b _ _ ~- o Other net rental income (loss). S!~>`trar-,t line 3b from line 3a 3c __ c3 ,Y rzt.raranteed payments 4 _ i r. I ~ 5 Interest income r 1-~'~ - ' `'-' ~ 6 Dividen,as: a Ordinary dividends . • -- -- ~ ~ Qualified dividerids 6b ~- ~ ~ ~_ -- ---- - ~ / nl~yc'1it14"~ ~~ I f3 Pset shc~i~t-ierr~r capital gain (foss) (ottacn Schedule D (Form 1065)) ~ 8 ~a Na long-terra ca:~~ital gain (loss) (attaa`~ Schedule D (Form 1065)) ;; - _ - J b Collectibles (%8°io) gain (loss) ~ 9h ~ -------- --- ~ c i.lnrerirptureri section 125x) gain (attach statement) 9c _ -L_ I i~. w2t eatiorr i2 ~ gain (loss) (rtt~;ch Form 479 iq ~-1 r~t1-r;,r it ~rc~me floss sec ir~strucfors) TYpQ'- -------------------------------------~-------------- 11 ~%9 deduction (wttavh Ferm 45E2) ..1~ - ti~'i~•±i~m ? 12 , ~-- - -- I - 1 J. 1:. r, . ~l' I.r ~1 ~ 7 -------- ~~ ~ ,.. I ~ . u lr~r~r~ri'ri 1:,~ 1 '; I... ,,t C:~~i( rl,.e . ,_ I ..~Il._ i ~ ' t' f~ '~ ' C~S' : .~r? 'i ~+( ' °' ~ ' ~ T ~. ~ 1 .! ~ ~ _ . ; lr; i r. ;t~E?fl(~:. ..~fZ3: C= : Et ~,~._~~ ; ~ ~ - y~' ----------------------------------- (mil r1mc~~r~i; . _:.'_ :z I _-_.._..---7 _ c~., r t:~=~' ::lartu~t,o~is ^~e irstrr~ctior.~ ~ ~`~'N ------------------- -- f 1::~~'Y •-- --- _..--- - -- --------..._. _ .-__~.-.-- .- - - ~------ - - - ---- -- - --- - --- ~ : ~ f ' f _.-.___..-- -------- -a -~^ ~ ~ --- -- --- ;., r g :. ( c~a) r om sel -emp!oym~~r~t ~ wy '~:. "= ~ ~ a ~ ~ ~ y .__..-.L - [;: +_:~'os^ rtarmi^:~ ~,: fishing ir;cor;~F i •, ,il, }} c~ rr;ss r~,•onf~:rrn in~_omo i ~ -.....-._ ....-- _~ ___ .. _. . . . ~ . -- - _ _ _ _ _ 1 ~c i -~ -- --- - ----- _ --.. 1 _ , . ~~~ 1; a E ~;~^r-i":. ~,n?:', i?UUSing crE~dit (secai~.ai 420)(5)) . - ~.; l..ovr-inCJi7~C' hor.rsrng crei~~t (otf`,er) ' 15Ir __----- ~i ----- __ __ __ ~. ~ r: 'C~iralific-d reiabififiation erpenditur~s (rental real estate) (attach Form 368) I lac 7 ~~ .j 7th~.r r.:..~al I'e~f Pstate GrP.(;itS ~oFC inStrUCt10r1S) TYPe ~' _ 15cf - ~- ~ c3 ° i ~tt7c.r rental rrEdits (sea instruc ,ions} Type i~° 15,E ~ f C)tf~, ~ir~ !redits (see instruc tior,s~__-- Type ~ .._..___ .___.. . ~- 15f ~ V f ~~ c:~ ;Varri~ ~f co+uity r~r U.S. ~OJvFiJVion fb --- --~ - - ~ °%~ Gro4as r~rarno ~i;-om aft su;~rces ~ ~ +/ C~ros:~ incr~r:~c~ sourced at partner level i~b ifc __ } I Fvr°ei~~n gras_T t^CCrT,e SGrlrCeo' Cat ~ ~rtnsrship level 1 F~aSS;vE catc a General cate or orr ~ p g ~ c. g y -----------------• ---' -------------------- `Other R+- ~' i ueduc:tia~?s 2i'/cr_tied ~~nd epportionec~ at partner level t~y ifif _ _ ~`: - ~ ~ Inter-o;;t expe~ZSC;~ h Other !~ i Ch ~=' I C~educti,~ns .,!l~?cared a: ra` a~,^.or tronao' at partnership level to foreign source incoms r:~ ~ , - 'ha ~ i f:'as I-,,c, t;-~tergc7r3r.1~ !General category !- k Other ~- 1 GF; ., l 4 i'otal fo;eiciri taxer (che:,I~ ane)~ ~- Pzid ^ Accrued ^ i5I _ n Reducticn frc t~~ces a•raflabl+; far credit (attach statement) 1t'rrt .- - ___ _ L n Othei•forei~n tax._informatfGn atfact~ statement) x ~ - 't7a Post-198E depri?ciation adjustment 17a - ~ 2 F- ~ b ~,djustecf gain cr loss 17b -- - a ~~ ~ .~ c Depletion (afin~r than oil and gas) - 17r c. ~ ~ L. ,_ d Oil, gas, and geothermal properites-gross income 17d - .w ~ Q e Oil, gas, and geothermal properties-deductions ,. 17e _ Q ~ ... f Other,"M'l- iterrls attach statement 17f ~ 18a Tax-exempt interest ini;ome . : i8a ~ ''+-a b Uthertex-exempt income. iSb ~ `~ ~ c Ncnderfuc:ible expe: uses 18c ___ ~, 19a Distributions cif cash and marketable securities 10a ~ b Distributions of other property 19b _ ~ 20a Investment income . 20a .«~ b Investment expenses 20b O c Other items and amounts attach statement) Form ? (J6rJ (2009)- Forr. 1065 (2009) ~~, ~ ~~ Page CJ Analysis of t~et income (E.4ss) __ _ _ _ _ 1 Net income (loss). Combine Schedule K, lines 1 through ~11. i='rom *he result, subtraci t~lr-? strn-I ~)f f T Schedule K, lines 12 through 13d, and 161 . _ . :. _ ._ . I 1 ,1.~. , p (ii) Individual ;rub Individual r. ) ~ - r, .~ ! (~r; exempt (vi) ~ 2 Analysis by - '"-- Cor orate ,ia PartnEr::~llr partner type: ~ (. (active) (passi~~e) oraan?zation Nominee/Other a General .,artrl~.yrs ~ -- --1---~ -- ---._-~--- ----~--- + I b i_imited ar"tners ~ _~ - !- -~---- __ _ ~_._.____ I - • ~ialance Sheets per Books Beginning of tax year 11-- Bnci of t"x year Assets (a) -- (sa) -----~ . (c} (d) ~~ _ ~ G QS l r -zIN~ ~ si,#S~i~ ~ ~'t.'~ti~. Cr„~ ~d~~ ~ ~ ~. :s/r~ y ..:.... ..,r: -., i , y ..T ~~ Trade nc+tes r~r~d acc~~un~i:s receivable . <..4 ~`, ~ . $~ h !_r~ss aiicv~~ur~.-~ $i~r Dad dohts 4 U.S. c~overrmer,t obligations _ __---, ---~~' '~ 5 Tax-exempt securities --,-~ - - ~~. -- - 6 Uth2r current assets (aiisc:h statement) ~~~~ ~! ~ t~ ~ r~: ~ a ~-~ ~' ---l~!(c-~ri~a:gP =;r`,+.i r~ai estate loans -------2 . ` -I~ ~,. -- - 8 i~t~-,E~ ~;~vesii~E.~nts (attarl~~ statement) . .~ ~ ,;.~~ ~, , - .:: ~.~ i:3,j:~Cit~ :(,;~, G1:' ~~thel c.'c~preciabi2 assets i ~ ~ s r,1; ;y ~''~ , x .y ~I,E~~a~,_ 4 : ` { t`~''`i- r~'ysy,:? ? -. .. ~ ~ES`''c.!~l'l `ill:?`..c d ~Ei7i•~ii;:~T10~1 •4F. J- r~.L_°~ }`~_i..___ i.,, 1'~ t'rM. ~..;, { .._...~, ~~-..'..s~... ( t'~ a"~~C~ ,i ;3 J+~(11r1ti?' ilf° ~;. _;rc't ~--. _.....__ . _ _...__.~o~~~s.?i~JLx'''S+~`v~~~... .. _._....._.. --- , _ ... ~ ~~ } , ~.~~ _ _ I'J ~_~« ter- ! ttl ~ ~ll'rj d~~,1L~ti ::-r I ~ - -V~ -"-' _. _. .. ' I ..--' - ---- .. k ~ /a -` I L.4•n.i 1 -i_t C}f ":.:1~?;i r?i'li0!~:i~~'-.~;i11~ I~~ ~ ~~„ = - --~ to ~ ~'. J 1 ~ . '~ ~~AI[iry~F'A'L['A[y~ .~s 14'h f .~~'.'~f..N KMI.S~A'CK.."{~a'~ 1 _ .. y _ ::. .,n~ ~riT..`i :~lill~ ~74:'ciS (a.-n:~r1~zc~:)le Onl ) ~ . - i _ _ +~ '''~. ~;sa., t ~ ~~: ~$'k"~~i - .. - PJ I_t=£<S aC !:~ ;Ui~jYQ ?r1Cr[I7.~itl0n i -- ~ ---- __.~___. ._ i ~ ._.._._ __ __. w~ .. '~LI'I~~r_~rc~t4c~,~ ,r~CiS `it~tFrnent} "`~'~` - ,~~.~- 54 ._. .- P -_. .-- ~ - _ _ _ .l.lr~K:1lrii~S-ai:~i~i.;apitat ti•-, ti~sx. _ t-'.7 Ac~[,)~a:~1:S ~r~a,/a'r~lz ---~--- -; --- '~ti .i4<<,+c .. ~?~ ~, rl ~•te:;,, "_•rx1~~ payable in less than 1 ye~r _-_-- ~. _._ "~ -_--.- --- Y -.7 Uth.=r c~~n,•r~t ii~~l~~l!itl~~ (~fi~~oh statement} ~~ ~ ~ _..~ /t'~3 -•__ ._._ l ! S$ _ `~ ~ .. ,~1! n )f?i.. i ~;r ~r~:,t; Marl" _.... r. ___.:~ - -~------- --- ~? ~,Ac~r~~a~,cs, nc~trs, bonc~5 ~;.+.yat-~le in 1 year or mcyrta -- _._._~___ ~ I ~J`,~~~° %G Oth .r i;abiii;ict~ (atiact'z : tate?nent) _- ~..^ ~.t ~.~.. -.._.___ 6 .t ~)~ .s i ter' ~i2 ~~'~E,? ..._., _~. ~.,._-.,...._ ~ ^.~ .~C ~. „rOt~r,... , ~--n ~ r. ~e ,Tot;:i iiabui._iPS a_;-rd cap~itai ~~~'~~ ~:~t;~..~.__ '7G~'8'1C~. ~: . • , ~e:::rsn;iSat.ion of lncorn~ ;~.•ussj pcr ~3coks VJith ir~coryie ~~.Eass~ pF.r ~~~l~rn _ -. _ _ _-- -.. _. _~~`p_S.~h~c;ule IVI-~may~~ r~guire>r-ir~sttac! of Sch~:duiE h1=i see irstr~r=ti~ns). 1 "JEt inc;orne ;rss er b~~7.ks . > 4• '"E' income recor-ried on backs this ~t~ar ,rst inc!u;i~,d I :.a; ~,? lncorr~e in~auderi on Sche~.~ule K, lines 1, 2, 3c, cn Sc~ec±ule K, IIn6S 1 th~cugh 11 fts:~::!ze•,l: 5, 6a, 7., S, 9a, i 6, and i 1, not recorded on i a TeX-eXen•!pt interest $ b~~~oks this v13S' (itemize): 3 Gu,?.ranteed payments (other than ~ 7 Deductions included orr Sch~~--du;a i<., lines health insura~lce) __-~ ~ 1 through 13d, ar~d 15(, n~lt charged at Expenses rFuorded on books this year ~ ~ against book incorr~e this ~!er;;r (itcmiz~): not included on Schecir~le K, lines 1 ~ ,:~ Depreciation $ tlir~augh 13d, and 16i (itemize): ---------•---------~------~----------- I -----------------------------------..__.._..--------..____. a UeprFciation $ h •Tr~avel and entertainment $ ________________ 8 ,qdd lines b and 7 __ ~ Pncome (loss} (Analysis of Nit income 5 Add lines 1 throu h 4 . ~ 6 b° `~ I (Loss), line 1). Subtra.c;t line i; {ro n°c line 5 3 G ~'~`~' - . - Analysis of Partners' Capital Accounts _ _ 1 Salarlce at Beginning cf year X35 is 6 Distributions: a Cash a `}3~ 2 Capital contributed: d Cash b property b Property ~ Other decreases (itemize}: ~-JV ~''F if ~- ( 3 Net income (loss) per books . 3GB'-l ------------------------------------ ------------------- 4 Other increa~ss (itemize}: , 8 Add lines 6 and 7 '-{3 5 Add lines 1 throu h 4 ~ 9 Balance at end of ear. Subtract line 8 from line 5 ~, Form 1 X65 (2009} f73partmnt of the Treasury Fr:r calendar y4ar 2(.109, or taK. Internal Revenue Service year beginning , 2009 ending , 20 ~'ar~~~er'~ share of Incor€tla, 1~~+~~c~~o,~~ ~red~~~~ E:$c. - See back o~f form and separ:~te instructions. Final K-1 ~5~10~ Amended K-1 Of~l3 No. ?545-0099 1 ~ Ordinan,- business income"(!\oss) 15 j Credits i ~ 1 ..1_ ._.__._._.....~__._.._..._.___..~_..---........._-...._._...........__._._... 2. ;Net yenta! raa{ estate income (loss) ~G,~ 3 ~ Other ;.et rontal inapme (!oss) 16 ;Foreign transar.:tions A Nartnership's employer identification numbs; --~ ~ !=. V f~~~rtnar/hip's name, address, city, state, and "LIP ~odF• ~, ~` r r;G t_Lr-~ k•1" ~.1 N 1: f1 ~1 ; f N-v G-+.~•r~,~ ( ~. S r =• ~..~E! ''E:1 + ~ ~ ! ~ ! ~ 1 d- ~' ~ Per ~- ~='f C _ ;iiS C~ntsr wherepartnership filed return + ,_~ !i. ck if t, usis a ublicl ~ tr2d,.rs ~a tnurslzi L 1.~. 7 - _ ... •1 ) ~:, I~cirt'Ia1'S i:iaritifying number F ~'a.~iner's name; address, city, r``~j-~ i"~k' j ~ - r ~ ~' 4 j guaranteed payinants ~ Interest incoms ~~ 6a ~ Ordinary dividends i __-j- ~ ~ ...__..........i__.--__..__.__.___._._-___ _ ..............._.._ ............. 6E7 i, Qualified d;vidands jI___ e7 Royalte> j _ I 13 • ~3et short-tarn capita! lain (loss) .:, j -.+_.._,.---...__ _ r __._._. i ~ 8a ~ Net lorio-ter;r~ ;:ai.,i:alr~;;i:~ tlcss).. iT ~ ~:t~~rnativc ~~iinir+v,•n'ian `~.h+fi)'rr~.ris~ ry. ~ ~Jh ~Cc,lactihiAS (2E°fij ~7ir'~ ~i~~ss) .-.._.__-•-----__.._........____.._...~ ~ j ~ , , state, ancf %!l7 ::ode :'~:: (l.lnrecaptiarad se__^.iir,:i 120 gain --- ~ "--"- Zt; hlctt se!:fon 1231 O$in (loss) 11 O~'~er income (!rsss) ) ~...y-. ~3. Ganaral partner or LLC + ~~ !_ift?it3'J' C'•~'..~inf?' !'FY ni'fi~S i err member-manager i:ncml:~c.r ~~ _ H ~+~ (.'c,~Fastic partner _ ~_~ r=-~~lSn ~;~i~~r _ ~~ y~. I +Ar'i••attypa of entity is this part;tor? ~~' ~• 1 ~ "~~~•~'"' -_~_~ 1Z S::~iion 179 dtdt;cfit~r, I ~! ~arLner's share of profit, loss, and capital (see ina+uotion.:)..-•--- ___, _ -- I Beginning '! ~`rding 1:3 ~ OlhFr ri~adgcirns I _ _. ~ i.. ~ i ~ 18 ; 7-ax=ex~.~:~F:i I.i:7f'.l'_':i ': j R'Jnti~fiG`Jf';ii'i() Lxt)HIi~6S - I! _.._......._._.i__...._........_.._.._.__.__.._.__..... _...._.__..___....._.l ! -- --.- _ 20 i Other ir;fa_inauon -.~ _ l '., K t'artner's share of liabilities at year end:. _`_i_____ „~. .____.__._ ._.___..__.___.._.___._.__.._..__..__....__ tvonrecourse $ d-~ ~' _ i+f< I Self-emalaymank earnings (loss) Oual:fied nonrecourse financing $ ~ Racaurse - $ _ ..._.M_.~ i j i_ P'artner's capital account analysis: ~ ~ `Sae attaohed statement for additional information. -_______ Beginning capital account $ M_ -_~ _ ~- ~ 6 ~~ _, Capital contributed during the year 3 _-__~+__ _ Current year increase (decrease) $ __ _+___ ~ ~ ~ ~___ 1~Ltidrawals & distributions ~; _. __ _._~" ~ d-fl-~.. " ' 3 Ending capital account . w ~ (~'"~-_ U :A _ .~ Tax basis ^ G.4AF LJ Saction 7Ci4(h) book r;7 Ct ~] Other (explain) 0 M . Did the partner contribute property with abuilt-in gain or lass? ^ Yes [~ No If 'Yes', attach statement (see instructions) For Paperwork Reduction Act Notice, see lr.:;tractions for Forrrt 1065. Cat. No. 11394R Schedule K-1 (Form 1065) 2009 ~5~,1,09 Final K-1 rl Amended K.-1 OMB No. 1545-0499 Schedule K-1 ~ _ ~ ~ n~ (Form 1065) ' - ~d Department of the Treasury For calendar year 2COJ, or tax. 1 Ordinary business income Goss) Internal Revenue Service year beginning , 2009 \ , ending , 2J .'. ~ Net rental real estate income (loss) Partner's Stare t~~ ~ne~~e, ~3e€~~et[Qn~, -- ~ ~ ~`~ Other net rental income (loss) Credits, etc. d See back of corm and separate ins'sucticns. 4 ~ Guaranteed payments A Partnership's emp;oyer iderti'.ication number __i ,~'y - ~~ ~ ~ ~~ __ - 5 ~ Interest income B Partnership's name, address, city, state, and Z.iP cede ~ ,~ (3JUU,G c.Lr~ ~-~ e N L rid r j ~,~-c:r ~+t}~!~=~} I ~ .l 'F~ ~~! f`'~ ` 6a ~ Ordinary dividends r 15 ; Crr'its -~ -. 15 j For ~-i5n transactions _ i - _ . :__. a. , a- S ~ )~ ~ Z t."~ ~ 6b I Gtualified dividends _ ........._........___._.__._.._...__.._.___.__._._._.._...___ .................... r ' ~ t 1 ___...,...~-______ --.__.._..._. ----~ ~ koyaities -...r... _ C IRS Center whcr ~ tri',rtnersnip filed rEturn t F - _.__.._ _ __ _..__.__._.. -_______._....__..__~ U ~ ~~~ .f !'~ ~., "~ ) 8 Net short-term capital grin (loss). . __.---------•---- .L._.~. __ . , ------- I D CJ Chackifthi::i~``ae:=bi:.a, tr?d~:?~•ai?';~•~~ri:r (P7P} . y~. _ __ ~ _.__ ..___..._------•--.._.-----~ .- - ~ Od Ivot long-term capital g2.in i.o ~ , ; . Jt•.,r~.:,r:e rn.nirnu;si t~~x .r.t' ;rams , ' • ~ ' , t;'~ i GaRectibles (28°.O) ga.i. ,, _t.) ~ _ :ry... - s ides: .~i~ n,~.7: ~. E Farine; M _,+? - ,.1: t.:4` ar~d : Ire ;,:?de F Pa~lner':+ i,3r:~e, ,•.+ :~.~,_. i; ., :,c ~ ~Jnrecaptured section 12 ti G~ in i ~ ! .. ~„~~iT' ~~ ~'.~ __ ~ t y G.fl A ~0~-=ti.-'fi'`'t - - ._ _ .~._ _ i i _ f0 :._T.__. E~iat section 1231 gain ; oss) , . ~.. .~:, ~ _..~ _:.~._.... -•- °~ ... ( 8~~ t -x~7. t i~;L-rY.a ,~r:, 1 t ~ n= ''i::£1('UCtl~le eX~En>r:3 R 11 ~ Other income Coss)- i , ... E i ~ r G ~ G~~ner3i ps: tnFx ~r [,.i '~ L_: I_in ~ittd artnt~Y or o!h er i.l.i . FF I - .._..-._...._._..._._....._.__.... ._..___.. --- ... _ mfn-,ber-naara~lyr i~ornoer I = . - H ~ tJan•.es5r.. ~~aitr.. I-1 :=oreign Uartner . ... ~ ._ ~ __.,_. ~ .~---,-----__-..- __-.____ I !A~hat type of £~n'i;y F, tlti: Fartnas? ~'~~ ~' '~_`9 t~ ~ ~~'` ._. _.__-.....__.__...._ J Partner's share cr ~iront, ir,Cti~ ;ar5£t ;c1;.•1`2! (:.ee instru~~on^). i3atirring Ending i LOSS __ _~•~ i~~ ._ ~- ~.tc a/~ Capital ~- -- ' y- ----~-~, ~i° ..____..._..-_.- `~~.~ °/o !~ ~ Section 179 deduction - is ;Other deductions ~ .',',(t ~ (::ttil;C IrlfOrrrlRtlOn .., --.._._.._..._.1-.....,.~____.._._________..._ ~._._.._._.....___. _. K Partner's shazc; o`•' iiaoilitips at yearend: __ ,~_ r. ~-~C `~ 14 Self-employment e2rninns Coss) Qualified narrec:ourse financing ~ '~`~ Recourse $ _ L Partner's crpitat ar.::ount analysis: Beginning caf~itai account . Capital contributed during the year Current year increase (decrease} Vlrithdrawals £~ distributions Ending capital account . ~ ~ a~~a~ ~ ~ -- $ ~ ~~a-~. ~~?ax basis ^ GkkP ^ Section 704(b) book ^ Other (explain) M Did the partner contribute property with abuilt-in gain or loss? ^ Yes ~ No If "Yes", attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. `'See attached statement iCifO1'17tat1011. c O U LL Cat. No. 113948 Schedule K-1 (Form 10115) 2009 651rI,~9 Final K-1 j'~ Amended K-1 OAAB No. 1545-0099 Schedule K-1 ~~0~ I~~JJ (Form 1065] Department of the Treasur7~ For calendar year 2009, or tax Internal Revenue Service ear be innin Y _ 9~ 9 , 2009 ending r , 20 Partner's 5haro of Income, l~educ~irar~s, ~ ~eCI Its, of C. - See back of fiorrn an~E separate instructions. 1 Ordinary business incorrre'(toss) i5 ~ Credf2s 2 Net rental real e-sttate income (loss) Do r..t ` 1 3 Other nst rental income (loss) if i Foreign transactions i 4 Guaranteed payments A Partnership's employer identification number ~ ~ `y ° a.c'3~ ~ ~{ ~ ~ 5 Interest income ~ ~ B Partnership's name, address, city, stata, and SIP node ': f3t1 f K ;-~-~ Ir~~- i N~ r/A ~ s~ ~,~.v ~-a>f,.,~.n.-~' ~ ~~ 1 'T,~ ~,•1q l~ 6a ~ Ordinary dividends I r f ' - - . . . . nr ~- ~ T ~ 1 ~. 5 ~-~ a' 6b . _ Qualified dividends ...._.._._. .._ ._ _.__._ .._.............. .._._._..._.._ .._._.._...~..__._.__ 1 - --- , 7 + Royalties --~` G IRS Center whr-re par}ners!~ip filed r2ttrrr: _. i ~ _ +:~~ (r ~ f r`}f V -~-- ^ 6 ~ Net short-term capital gain doss) , _ ___ ~ --~__.._....___._......__ r fl ^ Cnec'~c if this~i: a hublirly traded partner<,;hip ,^ i ~-'} -- ~ w ~ ~- - --- - . -_ - _ 9.~ _ ~ -- t ) Ivet long-tc:m capi ai yan (loss - -- _~-_,---•--.. _..~ _ .. __.-- It f -17 ~ f, crna±tvr~ n:?ri~r;u,r. t,x. (,;!. '~; iiem , r +'v~irt:r's i.fentr:;•ir~g r,ur!:htr ~ 9b Ccl~eetibles (23%) gain (loss} -- -_.__. -----._._._~.~~_ _.__... ..---- ._ `~ w µ __~_.__.._.__.__.._.___ ...__._ - r ` ~ F r a~tnar`:, r;ama, addras.., city, state, asrri ~_.P ecie Sc Urn•eca. urFdsectioni250 ain g ~ I 10 `Non sec~ticn 1231 gain (loss) 10-# Tax-exEmpt ir~r~omF an,:t y~ 5- ~ ~(MG- pjLt4~ j non9e¢uctibl3uxpense. ' 1i Other income (loss) a •~ General partner nr !.~C [I Limit~;~i na.~tner or other LLC rnerrsber-n;anager member .... __. --, J Foreign j~arfner F: ~ Domestic partner L I ~ _ + _ _ ___ T_. 1 i9 Distributions { V hat ty pe of errtity is this partr;er? ~sf'~ ~ ~~ t ~ ~ ~" _ 1 ~ .~.`.~~_ SB•Cticn 179 deduction . } _.. __. ~...1 ._ _. _ __ .-. . ._ _ _ J Partner's share of profit, loss, and capita! {see instr;ac;ions}: . . _. _ . _ _.. ._ ._. . _. _ Beginning Ending •t3 - U:hor deductions ~~ , i . P~ofif __- - -` ~~ yo _ - --- -- - d-S -o~- ---_ -._.._....__w_ ._..~.._._-_..w^..~_......._.~_~.~ --20 ~ Uth4r infcrnatirn-_---~•-- -- t_oss ~'J~ c1 d ~ °5 - C-. tai a' S u/ j ~. ~ ;. _ K Fcr:ner's shera of liabilities at year end: ~ _ ~ ~ ..___......r___. __.._a__-_.._____ _____.._._ .__.._....__ Ito; recourse $ - __~ ~ 14 Self-ernplayment earnings {loss) C~ualified norn•ecourse financing $ ~-^"~"'"'"' - Re: nurse S _`. ~ i ~ Pa-tner's capital account analysis: *Sec; attached statement for add itional informaticm. Ceginning capita! account $ _ ~.O(,~j Capital contributed during the year $ _ Cunent year increase (decrease) 3 __ ~~- ~- \~-4 ) Withdrawals & distributions $ i`- L tq [ndina capital account . $ t l ~~j ~ O _.~ ~ N Tax basis ^ GAAP ^ Section 704(b) book ~ . ~ ^ Other (explain) - L 0 M Did the partner contribute property with abuilt-in gain or {oss? ^ Yes ~ No if "Yes', attach statement (see instructions) For Paperwork Reduction Act Notice, see instructions for Form 1065. Cat. No. 11394R Schedule K-1 (Form 1065) 2009 Sch~;du(a K-~ ~~~~ (dorm ~ 066j L'epartment of the Treasury For calendar year 2009, or tax Internal Revenue Service year beginning , 200a ending , r0 [~artner'~ Share +t~f rr~c~ar~~e, Deductions, Cs'edit5, etC. ~ See back of form and separate instructions. 651,1,09 Final I<-1 ~ Amended K-1 OMB No. 1545-0039 i Ordinary business income (~oc~s) 15 ~ Credits ......_....i____._.__~.__ ___...,__.____.__._._._ .............. 2 PJet rental real estate income (ioss) 4 ~~~ ~:` 3 ~ Other net rental income (loss) f 16 'f=oreign transactions 4 Guaranteed payments .__._......_....E.__.._._.........._..._.._._.._..__....__._..._..----•--.__.. ~ ~ A F'artnQrship's employer identification number 5 i Interest income ~ _ _ _ __ _ '~ Pt:rzrr~r•,hip':, nsme address, city, skate, and ZIP code -- - 1 - ; ~S~'u~~~ i{~~Q1`rf ~{rtt ( fl~•~!(rt~•At/L'~j~ f 1T~t/gf~.~'~ 6a _. Ordinary dividends _.._......._.... ....._.._._.___.....~.._..-._._..__.._.r..__........ ~ ......._... ~ d r '• ~ 7 - ~ ~~ z . . ~ ~ ~ - 6b _ Qualified dividends ..__.._._......._. _ _ __ ~ ~- ~ ~~~~~ ~~ ~1 ' C;' It~S Conker wh~~e pcrtn:~r;`1ip fated return - i ! _ ~ ~_ ~ ~;~•_'~ Lr T __^ - 8 ,_• .Jet short-term capital gain (less) ,_,._.___.. ._..~,___ ! -____-~- -- ~ __ C, ^ Check if thin s a pub;~~iy traded partnership (FTP1 ,~ I ~ - ;,, Jet lo~ig-te:: m capital gain (:ass) ; i i ~~?k}~mctive minimum tax (HM';~ rtems C h'ariner'y i~eniif ~ t r t o~ Crllec•tib!es (28%) i l ~ - y n!~ nu .~ •C~ ~ La n ( oss F t'z~tn;=:rs name., acft;os5, csity, g11iP., and ZtP code j r%o. llnrecaptured section 125C e;~i:n ~ -- 10 I'det section 1231 gain (loss) + 15 i °rrac-exempt income and ~~ a."~ '(j~\(Cl~-!4.~-~ft~~,. QIL, ~r;;•:n~ieductibleexpenses _ 11T Other inrome (loss) :'• ._._..___ . w ~ (~:ner~l partner or L;,..^, ^ Limited parU~er cr ot:,~,r i.L.l', ----- - member-ir~anager member -_..__. _ __._._.__..__.__.._...__.__...~._._.._....._.._.__......_._..~ . ~--.-.-_--.------.-...._...__.._____ H ~ Damassti;: pe~rtner ^ Foreign partnar MY __1 i _ ~ .~ - I What type of entity is this p.:r; fns!'! ~N ~ l V t..'~ U 1,'C. __ 12r _ Secti~an 179 deduction i5 ~ t?is'tibutions ------- .---- J Partner's share of profrr, tess,.and capital (see instructions): 4 _ r _ ..y._._..._..._M. ..._.._..._. j Beginn'rn;J Ending 13 I Uther dedr]ctions I ` Profit _ _ al.~ -- ~ _ _ _ _ __ ... -;~ rC' -- g~-- ~ _-- -- - _ _- -- -- - - -- . _ . _ .. . ~ _____ _ 2,3 I Other mformaUon -- •. ~ ~ a~ ~••s- o~ - Loss _._ - --•~ ._.......- --______.._____._._.._._._._.~.___._._._._.__...._..._.. ` _ Capital ~'.~ qy l S ~ ::..t, , K I'artn ar's share cf liabil~ies 2+ year end; I ~ ! Rronrecoursa $ ~.~'. 14 Self-employment earnings (loss) i _ - Qualified nonrecourse ~nancing $ ---~ O --- Recourse $ ---- .. -- j i a i i_ Partner's capita[ account analysis: *See attached statement for ac;d itional information. Beyinning capital account $ )- O L+ "~ ~ Capital contributed during the year $ Current yea increase (decrease} $ ~~ Withdrawals t;< distributions $ ( ,~- ) oa-'~ } ?' ` Ending capital account . $ ~ °l'-k ~ ~ c ~ --- a~ Tax basis ^ GAAP ^ Section'!04('0) book (q ^ Other (explain} ~ L M Did the partner contribute property with abuilt-in gain or loss? ^ Yes ~ IVo ' If `Yes', attach statement (see instructions) -~~ rnNa~wu~n neuucuon tics rv~I{C9, S@e InSiruCTlonS TOr YOrm lUti5. Cat. No. 11394R Schedule K-1 (Form 1065) 2009 8825 Rental Read Estate in~~me and expenses of a Form (Rev. December 2006) ~ar~nershlp ~r Coln ~ ~@I"pO~ra$IOn UM3 hlo. 76x5-11t~6 Department of the Treasury ~' See insi:ra`ct'tons on back. lntemal fievenue Service I-" AtaCh to Form ,065, Form 1065-8, or Form i1~iJS. ~ ~ - iVame .~ -~ - _ Employer ide*.tts;icat.ion nuri8sr i Show the kind and location of each property. wee paga 2 to list additional uraperties. r -_ A ~, ~{ ~ w Ll'f ~' d n Fn-~ / rA-1_!-?_ ~. ~~ d_-t ~ ~. ~ ~~ d~' .~ ~ --- ----_.._ tttii ~4Lr'ti' ~tnrl. _ . (L `L } l~ tN 11Dr~ C - ------------ --------------•----------------------- -- . -~.~Y.r..~..~ Rr~perties _~__..____._.._~__ Rental Real Estate fncGr~~e~ ~ -~'____ .~~ B Gross rents ~ ~ ~ ~ ~ '1 I ,~ I ~ ~~ ~ ~ j Rental Real Est2te E:xNetses I ~ ~~ ~r° i ~ :! Advertising ~ •--- ---- ------ --~~--- ~ Hato and travel 4- ~.. -_-- =_ ~--_- Cleaning and ~mainten~~i~cc: ~ _.~_._.._ ._..._____... _.i.____....~.___ _.~ . Ccmmissions~.. . ~ -_}_.-~_._.. _.-___. ^_..._ _.. t_.......~_-- ~~ ~"- ~ -!--_--.-- 7 li~surance ._ ~ _ -` ~:,z, i _ s ~ - i . L_ ~.._ .... ... _ ~._.~ _-- - - Q ,,_.1~_ ---- ~' ~~ Cy ~y I 1 .? uegal and other professic~nai te~~:~ .__.~ _ _~.._~_-. `. ,: Interest __.__ ..__~-- ----__._-- ~.. ~' ~ ^~ - - 10 i~~F7airs ~ 0-1------_.. ~ t (a ~ -- _ (fit ~ ~-~ I --•- 11 Taxes ... _ .. , ~,-~- - - --- ---• -•-; ~ --~ -•--,~- ~f~ '_i~ilities . ~- ~_ 1 w :~~ages and salaries _- :. _ ~- - .-- 1~ Depreciation (see instructions) 1~ T _._ ` j.~-~. ~___.~ `1~~?~ -._- 1~ ~Cther {list) ~ ------`-'-`~~`_'~:.~:'~i~ ~____..____~ ~'-.,!__._ _ -~~ ~!! _ 'rctal expenses for E;~c;ii i;~n:,-~r.r;y. I I ~ ~ ~ I (;~ ~ n u t~ _ 4~~d_ tines-3 throuc~n .~ ~- .- L a4~_.~ ._._...._.__._..~..~. _.) _! _:.. G 8 `~ `L C -t--- t ~ -_ S~ ~ - _~'~ t y - t S"S7 -~ -. ---~~--- ~ ~y G try s i ` ..- -. _._ .....--- -•---•--I ---- --._..-_ ....... _-----....l-.,----- _.__ - __~__ I___: _. _ i7 "total gross rent~:-Add yr.~ss rents trcrn line 2, caiumns ,~ through I~ 1~ 16 Totai expenses. Adr} total F:x,~?ensas fror-i linr-.-1h, :;oiumr>; .'~~ t!irouc~fi h•l -~~ ---- --------~_.L_ 19 lJet gain (loss) from !=crrii 4?87, Fart !!: iino 17, frorrz the disposition ot~ prapc,rty frr,;T~ rental real ~ Estate activities i~ c03 Net income (loss) from rer•~ta! real estate activities from partnerships, estates, aid trusts in which I this partnership or S corporation is a. partner or beneficiary (from Sci~edulE E<;-1) 20a b Identify below tha partnerships, states, er trusts frarn wh ich net inoome (loss) is shov~rn on line 20a. Attach a schedule if more space is needed: (1) Name (2) Employer identification number ------------------------------------------------- ------------------------------------------------- 21 Net rental real estate income (loss). Combine lines 17 throu;h 203. Enter the result here and on: • Form 1065 or 1i20S: Schedule K, line 2, or • Form 1065-B: Part I, line 4 For Paperwork Reduction Act Notice, see back of form. Cat. No. 101362 ~~~~ Form $$2~ (72-2006) Form ~~~~ ®epr@ciation and Amortization QP~Noo. 1545-0172 (including lnforrnation on Listed Property] i~Q~~ Department of the Treasury - RttaChment Intemai Revonue Sewice (99) a' See Separate InStrUCtIO~nS. - Attach to your tax•ryeturn. sequence No. 67 Name(s) shown o.. return ~. 6usiness or activity to which this form relates Identifying number election To expense pertain Property Under Section 179 ~~ - _ fJate: !f you have any !fisted property, complete Part V before you complete Part 1. 1 Maximum amount. See the instructions for a higher limit for certain businesses 1 _ p250,DU~ 2 Total test of secticin 179 property placed in service (see instructions) 2 _ 3 Threshold cost of section 1 t9 property before reduction in limitation (see instructions) 3 ~8G0,00~ _ 4 Reduc.:tian in limitation. Subtract line 3 from linrr 2. !f zero or less, enter -0- 4 I _ __ ~ Dollar limitation far tax year. Subtract line 4 from IinE 1. If zero or less, enter -0-. if married filing ~ separ;~t~~ly, spe instn~ctions _--. ~ 6 - (a) Description of property (b) Cost (business use only) (c) Flecied Host 7 LiStec! prcperty. Enter the amount fmm line 2~! . ~ . ~ 7 I ~ _ f? ~-O'ta! k'.ieC'vd CG~t Of sec;tir~n~ 17Ca pro ert" !~c r, ~ ~., r ~, T_._ ,~ y. J:.1 r,.rn..~.iit~s is ~ .,o~tn, ~n (c), lines 6 2, Iv , 6 I '~ Tents:=.ive ~1~~dtii;tian. F=n+er 'h: rrtza!ler of Ifi~':~ or ij:'lf::' L_._~, .~- _-- 10 Careycv~~-' of d!s<~!!owtd deduct!or, fro~.r !;rya ;5 ~f ye~ur 2r~G3 corm 4562. 1Cr 11 SuCines:~ ircor,G~{irritaticn. Eni:er ±11z sm1llr~, o bUSlri~ss in;,crie ~nr.~; Tess t`tan zero) or line 5 (see i7structi:,r~s) ~ 1'~ -r-~--i ---_-- - ~~" i---- t-•--._- 12 `~ecti~, i s ~ g pahense deduotia : p,dc iir;es 9 Grid 1 Cl, t• ~t ~ o ; got enter rnore than IiriQ 11 _ _ __~_ -I.~ 13 _ ~~ar~'~in~or ~ f r.l,,: ail~wF:i d~~1°.:c; itZn to ?010. P.: ~o' lines g ~n ~ ~(Ci, less line 12 ~' '- l' _. ~" _' ~ ~r-. ivlote nr.; r,C,r tr,,; ; art !1 c:' fart /'/ b~;,ow' f~l iisre~ prcaerty. Iri:~~c;:d, use Part V. _ - ~ Slpe.ciaf Depreciation~Afldwerrce and ~JttiFr i._~_r?~sr,~~3ation (Do not incfl,dQ listed nri~~e SeP Insfr~uctions. 14 ~-Special deF~r~;ciation allowance. for qu~alified~prop~rty (ufher than listed properi}r) placed in service ciurir,r~ hf,~':- x:x year (see instructions) 1,4 -- 1 r ;'rr~rser~y sur,rrct ;u section 1 Ci8(f)(1) e!ecti~~n .. ~ ~5 I 16 tither ~~p~recisiticn Inr.;ludinc AGRS! _____ - 116, ~__ ~;1~CF~S De~ireciatfion (Do not incitl~c liseci.~roperty.) (See instructic~n_s.) __ ~ ___- ~ . __ _ _ ~ae~tion A __ __-~ -~--- ----T•-- --- 17 MA.CR a i1±/r:~ctioris far assets ~3laced in sp-^d;c~~ ;;~ tax y~.-ors beginning before 2009. 17' i .~~ iS If.yoti ~,~A ~~~ctil-rg to group any assets placed in ssnric€; d~.tring the tax year into one or more genera! ~ assr:.t ai:~c~unts; check 3-tere ~. ~~ -_ -. - -___ _ _ 5ert%on f3-Assets Placed in SeEVi.ce Gurirc= ;~(?C~9 Tax Year Using the ~eneraf aepre~i~tion System I (b) North and wear ~c) a:-E -'s icy ceprecistian ~-- ~ (Up f~acovery _ --'-T --' -_~ . ~ ----•-'-- (a) Ciassi~i~:a~•:~r of praF,=rfi; placed in O~usinesslnvestmerit use I period (e) Convention ~, . (f rJe~n.?d I (n) Ciepreciation deduction - _ __ ~en+!ce onltt_ see insUvctions _ - - -- _ year ~art.~periy - _,_ ..'~~:~ ;i ~~ + _~,, 5 _ye~1r property -._.. -_. - (,-- - --- {. 7 Y}year property i c I - d 10-yE;.ir property ~ - ---- ~--1 ---- -_ e 15-year pt;operty - - - _f ?.0-ysar property ~2~-yaar propErtY 25 rs. S/L _~ h Residential rental ~ - ~ 2?.5 r5. MM 5/L - property _ 27.5 vr5. MM - 5/L __ i!~orrresidential real _ ;59 rs. MM 5/L --property - MM 5/L -aectron e..-HSSezs rracea rn ~ervrce vurrng xlaua r ax Year uurng the Alternative Depreciation System 20a Class life 5/L (~ 12- year 12 r5. 5/L c 40-year __ 40 ,yrs. MM 5/L ~~ Summary (See instructions.) 21 Listed property. Enter an~ourit from line 28 2t ~ Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations-see instructions 22 ~~ ~3 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 2g .. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 462 (2009) O~~ U.S. Return €D~ I~artnership Income OMB No. 1545-0099 F crrn Department of the Treasury For carendar year 2008, or tax year beginning _ .... _ _ - .. , 2Q08, ending _ _ _ _ , 20 _ _ _ _ - , - - - - I - ~ OO Internal Rovenue Service ~ $8f'1 se ante instructions. A Rrincipat business activity Name of partnership ~ ~ ~ l? Employer ideniificatlon number - ~-'i~s~ ~-J (RS the +~v C,yCLtr~' Ic~~1N~NA~ f 1~~ ~' .f"Ir'~.~~~ ~.~ a-0 ~f r"~ 3 i"{'1 Et Pr'ncipal product or service label, Number, street, and room or suite no. If a P.O. box se•a the in,tructions. E Date tusiness st arted ~'-~gL'~ ~ Other- ~•eise, e~- t 3- ~ i:J'f' ~~ Z t'C' ~ ~, g '~'`= a- rJ .., ! G Lau~iness code number p:•i~t City or• town, state, and ZIP code F Total assets (see the °r f~Fre. ~ S a i N` ~, ~ ~~~ ft- ~ ~ ~ ~ ~ ins 31~ ss ~ s , i, f~s Cha::k applicable boxes; {1) ^ Initial return {2) ^ Final return (3) ^ Name cllsnge {4.) ^ Address change {5i ^ Amended return (6) ^ Technical termination -also check ~1} or (2) ~ r;heck accounting methr~d: {1} ~ Cash {2) ^ A.icrual (3) ^ Other (specify) -------------------------------------- l i~lumherof Schedules K-1. Ar±ach one for each person whe «'as a partner at a: y time during the tax year -___________ ~° uti- S Cheok if Schedule M-3 attached . , -- - --_ --. -- .---, --- ^ Orutir}n. Include only trade or business income and exprnses on li nES la fhrou~h 2.2 below. Sse the instructions for more infom~ation. ~a gross raceipt^ ar sales . ~'~~ -- _ - ~, I ~ Less r+rturrs ar~~- aliewances . ~~___ __ 1 ; c ( 2 Cosi of goodti s~cld {Schedule A, line 8) ! e i • n ~, ~• Gross r~rofit: S~:bti•act .tine 2 from line 1 c , ..~ .: s ~~~ i '; ~: _ Or~:inai~~ inocnie (!ass) from other partnerships, c;statas, al;d true s (s.t±qlr :i',,furnenf). ~ 4 i_.~--_~•--- ! ._ ,.~. :; Net farm. praf•i (i-:ss) (attach Schedule F (Four; iG40)) i :z ~ r-- •--- •-- ~ ~. "Jet gain (los,) i;~ori ~ Form 4797, Part II, line 17 (attach Fortxi~ ~7) ( c~ , : _ ~ ~ ~ , . Z (tither ircurns (1+~ss) (aftach statement) , , ~ f '~ . . ~i. ~ _ ~ ~ TO1.;~I irlCQl'n£: (iOSS). Combine lines 3 through 7 1 ~~ , ~ , _ ~• ?~ __ --- ~~aal-ies and ~rr,;,;ra;, (other than to partners) (less Ei~-ploy:nsrit >rreti';t~ _ _ -. , ~- ~~ ' 1~ C~~~aran,~ed zia lrnrts to partners ( 1~ ~ ~`= , 1 ; Repairs anf~ mairiteni'.nce . r1 ~ _. ~ ~n 1 ? Ead bons . •i 1 ~ Rert . 1 -- t~ Ta~ccs and licenses 1~ -- ;a ~ '6 5 I nt~-rest . 15 ;; 115 ti Eepreciatiari j;f rtyriired, attach Form 4562) LiCa _ • ~ I 'i~b~ ~ - b Less deprcciatinn reported on Schedule A and elsewhere on ratuirr ~__ ____ 1~a ; . t ~ 1`;~ Depletion (Do r~r~t deduct oil and gas depletion.) ; i ~ 1>"? Retirement plans, etc.- , -. - , . . 4S .. • ~g Employee bene;it programs r a~ 20 Other deductions (aftach statement) : l ~?Ci _ '~ 121 Total deductions. Add the amounts shown in the far right cGltimn for lines g through 20 ? i 22 O lydina business income oss .Subtract line 21 from line 8 _ • _ Under penalties of perjury, l declare that I have examinocf this return, including acwmpanying schedules and statements, t:nd to the best of my knowledge and belief; it is true, correct, and complete. Declaration of preparer (other than general partner or :united liabil'fij company member manager) is based ~~~~ on alt information of which preparer has any knowledge. ~k?I"e ~~ra„v,` ~ M ~~ ~ I `' May the IR5 dlseuss this return ~ l~ ` ,~0 ~~ a?arer shown below (see ) ^ Yes ^ No w Signature of general partner or li ited liability company member manager ` Date {~r3f (i Preparer's signature Date ~ ~ Check if Preparer's SSN or PTlt~t f're ~arer s _ ___. self-employed - ^ { Use Onfy Frm's name (or yours it pelf-~mpioyea~ ` EIN - ` , address, and ZIP code Phone no. ( ) For Privacy Act and Paperwork Reduction Act Notice, sae separate instructions. Cat. No. 113902 Form ')065 (loos) Form 1065 (2008) Pu9e ~ - . - ~ Cost of Goods Sold see the instructions 1 (nventory at beginning of year 1 J ~~``~~ _~ 2 Purchases less cost of items wittldrawn for persona! use 2 3 Cost of labor 3 4 Additional section 263A costs (attach .statement) 4 _-- 5 Other costs (attach statement) 5 6 Total. Add lines 1 through 5 6 7 Inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Er ,ter here grid on page 1, line 2 8 9a Check all methods used for valuing closing inventory: (i) ^ Cast as described in Regulations sec~tiar; 1.471-3 (iij ^ Lower of cost or rrlarket as described in Rrynulations section 1.471-4 (iiij ^ Other (specify method used and attach exi~ianatior~) ~ ------------------------------------------------------------..-- ----____-- b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) - ^ c Check this box if the LIFO inventory method was Gdopted this tax year far any goods (rf checked, attach Form 970) - ^.1 d Do the rules of section 263A (for property producad ar acquired for resale) apply to the partnership? ^ Yes ^ do e Was there any change in determining c:luantities, cost, ar valuations between opening and closing inventory? ^ Yes ^ NJo If "Yes," attach explanation. _ _ ..'T~:17'ifiZil ~thpr Inf~~-rn~friar~ 1 What t e of entit 1: : f!!in this return'? Checi< ~i:i'l< 3 •~lio-able box: Yp y ~ ' 9 p Y°~ ~tO . r a ~ Domestic genera{ partnership b ~ J Demestic lim'sted partnership c ^ Domestic limited liability company d ^ t~omestic limited liability partnership a i~ Foreign partnership ._~ .her !~ ___________________._ :'M'any time during the tax year, was any partner i~~ the partnership a disregarded entity, a partnership (including an entity treated as a partnership}, a trust, an S corporat!on, an estate (other than an estate of a deceased partner}, or a nominee or similar person? ~ pt the end of the tax year: a Did any foreign or domestic corporation, partnerhip (including any entity treated as a partnership}, or trust own, directly or indirectly, an interest of 50% or mare in the t~rofit, lass, or capital of the partnership? For rules of constructive __ ownership, see instructions. )f "Yes," complete (i~hrouuh w' below - ,; .~ . a--, ... ' ~~R ~s ` (ij Name of Entity ;"r) employer Identification I\umber (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Gwned in Profit, Loss, or Capital b Did any individual or estate own, directly or indirectly, an interest of 50% ar more in the profit, loss, or capital of the partnership? For rules of constructive orrmershi see instructions. If "Yes " com late i throw h iv below .~ {i) Name of Individual or Estate (ii) Social Security Number or Employer Identification Number (if any) (iii) Country of Citizenship (see instructions) (iv) Maximum Percentage Owned in Profit, Loss, or Capital 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly ar indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (iv) below , (i) Name of Corporation (ii) Employer Identification (iii) Country of (iv) Percentage Number (if any) Incorporation Owned in Voting Stock Form i d65 (2006) Form 1065 (2008) Page 3 b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50°0 or more irl the profit, lass Yes Na or capita! in arty foreign or domestic partnership (including an entity treated as a partnership) or in the baneflcral - intF.roct of a tr: ict7 For n ~iP, of rnnstrr fictive ownership. see instructions- If "Yes." complete (i1 ihrouat•i iyi below _ Iy< ~ `'.,~'' i [i Name of Entity [i) Employer (iii Type of (iv) Co~~ntry of (v; fV1aximum ,. ~-~~ I Identification Entity Perrentaye Ova+ned in Organi_ation rJumber (if any) I ! Prcfit, Loss, or Capital i -----~-- -•-~ -- - --f- 5 Did the partnership file Fon-n 8893, Election of Partnership Level Tax Treatment, or an election statem~.nt under i ;,~ section 6?_31(a)(1)(E)(il) for par`~nership-level tax treatment, that is in effect for this tax year? See Form 8893 fcr , mere ~etai!s __-- -- _ _--~ 6 Does the partnership satisfy all fo~rr of the following conditions? ~ ~'' a The ~.~artners#rip's total receipts for the tax year were less than $250,000. ~ ` ' ` ' b s total assets at the end of the tax year were less than $1 million. The partner whip c Schedules K- ~ are filed v!ith the return and furnished to the partners on or before the due date (including ~:xte. ,,sion~) ` ~. , for the pt,ltrl~rstlit•~ return. <> ;;: "'`''. d hc; i:artnPrshi;~ i:~ not filing _.nd is not required to file Schedule M-3 ! ~ v '` ~ ~ ~ "the eartn~r. srri, ± i not r;;r.,:lire~ to co--~plete Schedules L, M-1, and M-2; Item F on page 1 of i •r~rr?z ' OL~~, ~ ~ ll .::.~, r ~`'. r ~ 1 c:,r itr_m L i1n :~rrlf?:{i!`G !~_ 1. --- ------•---~--- -'~ `' ,.. x 1" ~" - r --- ~t!r.;iic;~trrc!ed paitnersh~io as defined in section 469(k)(2}? -___,___-- _- --.-_-__- ~ i7 rt~ic_~r-rP_ ~.io_a ~ .~ 8 - , Duriri:~ th^ ~~~ c •,rE~ar, +'''e .'-~ ~;~rtn~~rshia h~ve any dQbt that was cancelled was forgiven +,r had i:'-rc: tei-r; l: l;i / J1 11., y fl 4 , , 1 ; ! ~ " ~ ___ filled so a:l io i ecir ~c=:1 ii~s l~r ir~;;i,^.«!_amuunt cf the aebt? _ _ _ _ _- mod _ 9 ~ Has this partn:~rship filed, or is °st required to file, Form 13918, Material Advisor Disclosure Statement, to provide in#orrnation c;~rt• any re~arta~!e tr~ntiaction? _ ____~---_-___-_- ' -.--------- --- -a~ is3 At ary time during ca!end;~r yew :~OGB, did the partnership have an interest in or a signature or ati~er au~nority over a financial account irr a foreigr, country (such as a bank account, securities account, or other financial accaun~i~? See the instructions for exceptions and filing requirements for Ferm TD F 90-22.1, Report of Foreign Ba.-~k ens Financial Accounts. if "Yes," enter the name of the foreign country. ~.--~---------..._ 11 At any time ds~;ring the tax year', dirt she. partnership receive a distribution from, or was it the granter of, •E-rr transferor to, a~ fnr+rici, n t.ru5t? If "Yev," the partnership may have to file Form 3520, Annual Return To Reps~rt Transactions !rUith Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions _- ~-1 12a _ !s the partnership making, or had i~ previously made (and not revoked), a section 754 election? ~ ~. . 5~~;: instructions fcr details regardinr, a section 754 election. ; . b Dild tl~e partnership make far t"ris tax year an optional basis adjustment under section 743(b) or 734(b)? If "~'es," attach a statetrrent showing the Computation and allocation of the basis adjustment. See instructions c Is the partnership required tc adjust the basis of partnership assets under section 743(b) or 734(~a) because of a substantial built~in loss (as defined order section 743(d}} or substantial basis reduction (as defined under section 734(d})? if "Yes," attach a statement shovriny the computation and allocation of the basis adjustment. See instructions l 13 Check this box, if, during the cun•t~nt or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (includino a disregarded entity) - I~ y4 At any time during the tax year, did the partnership distribute to any partner atenancy-in-common or other ~/' undivided interest in t7artnershi ro erty? ~'` 15 If the partnership is required to file Form 8558, Information Return of U:S. Persons With Respect To Foreign. Disregarded Entities, enter the number of Forms 8858 attached. See instructions -____________________________ i6 Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. - _______________________________ i7 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. -------------------------------- :: .. Designation of Tax Mstters Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of .Identifying number designated ~ ~a~i ~ ~ UC,,~L~S.+,'~ of TMP ~ ~~~-'~---'~~~~ TMP •Address of ~ ~ ~ ~- L.f~- ~~-a, ~ ! designated r TMP °~ +r+s. ~ ~~5 . ~•(-- ~~ ~. +~ • Form 1 tlyd5 (2008) Form 10n5 f2oUS) Page 4 tf....~......c.~ 1'1i~trih~ ~tnin Ch7ro I~amc Totat amount 22) 1 li l 1 , ne oss) (page 1 Ordinary business income ( ' ~ 8825) h F tt l ~ ~ ~8 orrn . ac oss) (a 2 PJet rental real estate income ( ~ •~ I 3a 3a Other gross rental income (loss) . enses from other rental activities (attach statement), 3b b E ~ ~~~-y=-- xp m line 3a 3b f t li bt S 3c ro rac ne u cOther net rental income {loss}. 4 1 4 Guaranteed p2yments 5 3 S-O ~ i `"r 5 interest income d id 6a ~ w en s 6 Dividends: a Ordinary div 6b ~ t f~ b Qualified dividends ? Royalties --------- ---- 7 m ?065)) P l D h d h S - ~ er ( u e c e 8 N~~t short-term capital gain (loss) (attac _- - dule D (Form 70f;5)j h ti~ h S l l i 9a e ac c oss) (a n { ga 93 P~!et long-term capita ~ s t in {loss) 28%) tib! ! ~~ ~ ~ ---- - r ga es ( b Col ec - ~ --- ~ ~ w - 1 ~ ain /attach statement ti n 2 0 ) l t d ~ ~ i _- ~ , g o ure sec r, _ ni ecap ain (Icss) (attach Form 4797) 1231 ti t fe _ -- id g on sec e 1~ ar income (loss) (see instructions) Type -________________________ i'i t~`h _____ ,___ __ 11 _ ---``' -~ Y'y--~.sc`.ien 179 deducticm (ai~~~ch Form ~?562) G ' '`;.a :;ontri5utions :..: ~ 12 13a ~ - -- -- ~ ~~ -~ x: ! t ~ 4^ ;:~~~~-stment intarESt expense ' ~~ ; i7 . e ~' ern^' ~1' T e - - ~------------------ (2} Arr~aunt 6s - ~~ '~-'~ -inn 59(f,}~~) e; p ndi;.u _. (f YP ----------- --- r deductions lsec inst;t:c:Tt:_rsj Type - i ~ 13ia 13c ,;?) 13 -- ~ . .;<<:~ , -------_-._-- -- - ~ (•d~~~:: c~rrsings {,oss) fro~'1 sFif-Frnr~loyrnent ~~~:: __ - _-- i ~ _-- --------~ ~ - . ~ i 14b es r.: ; ~" ~' ~' ~~ u.: rr <rre . ;, u;c,Gs farrniny r,r fishing inc, ~ ~. l:Frt~i;:> nonfarm income ------------- -- _ -_-__ - -- i 14c ~ - -~ _ - - ~ _.__-.------------- ~a Lo.,,,.-ir~co~~.e horsing credit (~zecti~~-~ X2(1)(5)) . 15a ---- --~ --~- ~ r4i i.n~~i-ir~r~oms housing credit lothP) i !- c ~Dcalified rehabilitation expendit~.;res (rental real estate) (attach Form 3468). °6b 16 --- ~-__ ! -.- ~- ~ d Gather rental real estate credits (.lice instructions) Type - I ? Olrrer rental credits (see instructr~nsj Type - ------ t +Jther• r>redits (see inst~uctian,~) _-_ Type -• ------ w ------------------------- --------------------------- - r15d I ~'~'-'Q ~ `i;;f -- -{ ~ --- _ ---- -- ----- - _ r------------ ~ ';f?~] i'dan~a ~:{f ~OUntry or U.S. pO~SesSlon ~ --------------------~•--------- ------------•-------------- ' iF,b i b gross iny~or~ie fi-on~~ all sources -- i r., Gross hic~~me sourced at partner level - itic Foreic7n groSS income sGUrroa` at partnership Ieve! d FasSIJe Category tr- __________--_-.-- a General category y- ___ ___________- f niF~rr ~- iGf - ~' Jedc~ctions ahocated and app~ortroned at partner level g lnt~ rest expense - --------------------------- h Other . - ~ i 6h ._ ~ ~ D«dc~ofions alioc«ted and «pporfioned at partnership level to foreign source income k Other !~ eral cate o -- G ' 16k ~ g ry ___ en assiva category - ______________. j s f ___________. - - ~'- I Total foreign taxes (check oroe}: ~. Paid ^ Accrued ^ 161 m Reduction in taxes available for credit (attach statement) _ i6rn - n Other foreign tax information (attach statement) --~ reciation adjustment 17 p t-19t36 de 17a ~ c-: t" ~ p a os i or loss t d b Ad 17b ~ ~ n jus e ga r than oil and as) ti th i D 17c g on (o e ep c c ~ ~ erties-gross income eothcrmal ro nd c i Oil 17d ~ ' p p , gas, a ~ r ~ ~ and geothermal properties-deductions as e Oii 17e Q ~ Q , , g f Other AMT items (attach statement) 17f --. t interest income m T 18 18a 0 ' r p ax.-exe a t income i; exem t b Oth 18b + "~ p er a enses tible ex d PJ d 18c ~ 0 p e uc on c ns of cash and marketable securities t ib ti Di 19 19a r u o s a ro ert of other t ib ti b Di 19b W y p p u ons s r t i come t I 20 20a ~ nves men n a b Investment expenses 20b O c Other items and amounts (attach statement) ~' ~ ~ '~ Form 1065 (loos) Form 1065 (2008) Pane rJ Analysis of Net Income (Loss) -, _ 1 Net income (loss). Combine Schedule K, !fines 1 through 11. from the result, subtract the sum of Schedule K, lines 12 through 13d, and 161 y . . . . . . . . . . . . . . . . . 7 Anal sis b Y Y partner type: r- (i} Corporate T (ii} Individual active ( ~ -..~ (iii Individual ~ ~passive) {iv} Partnership _ (v} Exempt (vi} Nominee/Other organization __ a General partners _ _ _ b Limited partners - ~ ~ -- -- - - . Balance Sheets per B_ ooks I __ Beginning of tax year End of tax year Assets (a} _ (b) {c) (d} .., - 1 Cash ~ ~~ ~G ~ oZ"i 1'; 2a Trade notes and accounts receivable ,_,. ~~~. ~ >, b Less allowance for bad debts . . _ ._^_ F ~ - 3 Inventories ~" __ ~ U.S.governmant obligations ' ~ . _. '~ ~ _ - 5 l"ax-exempt securities ~~ ~`~~~' - ~ _- _' 5 Other current assets (attach statement) >~a t' `~ ` ~ w~ ~ ~ ~= ~ ~"° °~ _- ft ~, .. + ~ ~..; 7 Mortgage and real estate loans ~ V : ~ __ ~" ~ , f' -^.-- .~~. 3 Other inve:tn~errs (attach statemenf) ~~, ~ ~ ~~.~,. ~~ .. -- 9a l3uiidirgs and ether depreciable assets. I ! a~~~-~._ ._.'~.. x' .~ F; . ~-y,~ YL .~ :'r°r _ b Less accu~ nu.ated depreciation _ _ _ 4 t ~1S.SetJ ~ Y r b Less uccu~:nu~ated depletion F ~ _-_ _ - -- _._--__-- '1'4 !_and (net ~ ~ driv amortization) . ~ ,~ .; ...e:~,:...,~ ~~ ~" 7 ~ ~^ .a~ .~,~~: ~ .. `~ ~ _ ~ '"" ': s .~. 12a Intangible ttsseis (amortizable only) . _ ;~.;~ 'x' t, Less accumulated amortization -- 13 OthFr assets (attacFt statement) __ __._~ ~4 Total ~~sets . 5 4 i ~ $'S+~ ~'~ l..iabilities and Capital ~ ~:., - •. x 15 Accounts payable . _ -. -_-,- 15 iVicrty~ges, na7es, bands payable in less than 1 ye2r. ~ ~ ~ `_-____ - 'l e Other current liabilities (attach statement) n~°)is~ ~ ~ i ~9~ ___ ~ ~k. ,. 1 i`~''~ -.___. 1f3 Alf nonrecourse loans '~'~ ''~" l Me '!9 Mortgages, notes, bonds payable in 1 year ar more . _.__ _-_. __ 4. 2U - Other' liabilities (attach statement) _ _ _______ ~i Partners' capital accounts-. ~~" ~ - ~ ~' 1~ 2~ ~ otal liabilities and capital ~ v .~S`~1'~ r! _ 83 ~ ~u~_.._..____ - • - Reconciliation of Income (LASS) per E?oQks If`~i~th Income (Loss) per ~Cetue•n _ ____ Ncte. Schedule M-3 rr:~v be required instead_af Schedule P~9-1 (see instructions). - ~ fJet-Income (loss) per books 1 ~~'~ ~ 6 Income recorded on books this yrar~not included 2 Income inc(udad on Schedule K, lines 1, 2, 3c, ~ on SchE~i~11e K. lines i through i ~i (itemize): 5, Ga, ?, 8, 9a, i 0, and 11, not recorded en I aTax-exempt interest $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ books this year (itemize): _________________._ ~ _ _ __ 3 Guaranteed pa}~ments (other than f~ealth I 7 Deductions included on SchFduie K, lines. 1 insurance) I -_-_- through 13d, and 16I, not charged against 4 Expenses recorded on books this year not ~ book income this year (itemize): ircluded on Schedule K, lines 1 through a Depreciation $ _______________________________ - 13d, and 161 (itemize): a Depreciation $ --------------------------- ~ ----------------------------------------------•-- b Travel and entertainment $ _____________. >3 Add lines o and 7 . . - _____________________________________________ 9 Income (loss) (Analysis of IVe# Income (Loss) 5 Add lines 1 throu h 4 ~{I,. ~. ~ , line 1). Subtract line 8 from line 5 ~~~~ ~~•~_ ~~ Analysis of Partners' capital Accounts ~ 1 Balance at beginning of year . ~~ G Distributions: a Cash _ '~' ° a ° 2 Capital contributed: a Cash b Property b Property . 7 Other decreases (itemize)_ 3 Net income (loss) per books ~~~~ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _._ . 4 Other increases (itemize}: ---------------_ -------------.------------------------------____-- --------------------------------------------- 8 Add lines 6 and 7 G ° ~ ~ 5 Add lines 1 through 4 ~ t S 9 Balance at end_of year. Subtract (fine 8 from line 5 ~d St S Form 10fi5 (loos) 651~:~~ ^ Final K-1 ^ Amended K-1 OM6 No. 1545-0099 Schedule K-1 0 8 ~~tte~'s ,Shape ~ c orf Cttrre-at Year Income,.:, , `.. (drorm 1065) ~_ "_ Dedttcftoisr Cr ~ edt#st' and 4~h'~r It>r~s-. - De~artment of the Treasury For ca;endar year 2608, or tar 1 ~ Ordinary business income (loss) 15 ,Credits Internal Revenue Service 2008 innin be ._.....__ ___ ._._...._ .._ _....... __.. ___ _..... _...._...._ _. g , year g 2D ending 2 :Net rental real estate income {loss _ _,-, ~ ° ~~ aedu~~i~rns re of ir~eo~e Sh ' p t ------- , , a s ner ar Credits, etC. !~ See back of form and separate instructions. 3 ;Other net rental income (loss) 1B Foreign transactions - /~lOlt~`~il'it@ P~F'k1~CShi '. Information 4 Guaranteed payments -.. A Partnership's employer identification number ~2 ~~ p ~ ~ ~ c-~ "~ 7 5 :Interest income 7 B Partnership's name, address, city, state, :a:~d ZIP code ~~G~~~ s~~„q ~ ~, C'~~~) ~ *~Jk,.'{~~'h''~" '~- ~ i ~,`*s-~,~,:n.~' 6a Ordinary dividends F i et ~ ~- 5 LPr ~~ Z LT 6b :Qualified dividends ~ ------------------ 7 ;Royalties - C IRS Center where pa:-tnership f+led ratur,i ~__ n {r~ Lrf u '1' ~ nersh: a~~°;-•- --- ,~ * d c ~(i ! ~; ` ' ^ 8 'Nat short-term capital gain (loss) -- ------ ~ ( :, : . e ; ~ ra . Check if ti~is is a pu D --- - 3n i ^Jet io~i~-term capital gain (loss} 17 A.I±e~rr.ative minir:,u;r, zax (AC~1i', iteir.~ ft~#~r~~~'c~~~h.,~'?#:ti?Ll~:~~~1£' ~r'"`f`i'?'` .r`~~ _ :&k :, E Partner's identifying ~~~nther 8t~ Ce~;cctiblbs (28%) gain (loss} 1 °t -3 8 - ~(8 5 s ......... r Partner's name, address, city, stale, ?r>dLiP aide 9c UnrecaF;tured section 1250 gain ~ ` ~5' ~ ~~ ~T. 10 ~ hfet suction '1231 gain (loss} 18 'Tax-axempt income grid nondedu~•i:ible expenses ~, {~ ~-~,t fib ~ ~„q+~ ,~ ~ t --- 11 :Other income (loss) r-~ u ~ General partner or I_LC LJ LimitZdp~-tne; or otheri_L'/ ? .._._._.__:_..___.._._.__ .............._. ___._.__..____. member-manager mcraber artner ^ Forei n ~ ------ -- g p Domestic partner H ~----- 19 i Distributions ~ `i t- ~` 12 ;Section 1'9 deduction t What type of entity is this partnar' .~- ____..-. r__ -~ ....___......_;...__...._._._..__.........._......_.._...___.._.._........._..._.._..... god capital 'see irwtr~~H:ions?: rofit !os~ e of h ' ~ P t p , , ar ner s s ~ ar Enriin i i B 13 Other de:iuctiens -- -_ nn ng s eg ~ ~ g '' ~ 20 U:her information ° Profit " /° ° _~_ ~'~' /° .-_ ............_...a __...........__...__...._...._ ..............._.............._._......_....._.. ' _ ~^ Loss ~' ] % -- d' ~ % ~" s Capital 3' °~ L^-_ ~`'~ °~ ~ ..._.__..._.....__........_....___ _._.. ear end: f liabilities at ' h rt P ' _ .............. ~_................__.._....___.._.._......_.._._._..._.........._....... y are o ner s s a K 14 Self-employment earnings (loss} Nonrecourse , ~ - fi in ~ ifi d i ~ __.-.__.-_.__________...__._.-.., ~ - -.__ - g . nanc nonrecourse ual e ©~C~~ -.-- --. _ .- -- s Recourse . ~ -_-- i _ sis: - nt anal it l ' 'See attached statement for additional information. y accou a Partner s cap ~~~~~ - Beginning capital account . . $ Capital contributed during the year , $ ' '~~ ?' Current year increase (decrease) . ~ ~ ~s°~ ~ Withdrawals & distributions . S O ~ d ~'~~ Ending capital account . b ®Tax basis ^ GAAP ^ Section 704(b) bon~c ~ ~ JI Other (explain) fL p iL For Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 11394R Schedule K-1 (Form 1065) 2008 schedule K-1 F° {' "' Q (~~rm 10G5) '~~~~• Department .~f the Treasury For calendar year 2008, or to-x Interns! R~wen:,~e Service year beginning _ , ^008 F;nding --. ~0-.~ ~;~i:-~ce~r'~; ~h~ir~ Q~ ~!t'~~~!'EP.; ~1~duc~io~$, 1~i6'PCi~itSs f''~f~„ E•• SeE back of farm and separate instructions. .• ~, ,; ~r°~~~t~~~ttort• ~_~3aauf_i`i~~ Parkner~P~:p A Partnersh!p's employer identifc;~tion number !~ Pa'rtfnership`s yram~ a~oress. c•t;~, sstate, anld ZIP code !~- ~,.yp 1' t„ J ~, l~`~w~. ~* :.5 ~ 1~ r,i ~ tom', ?~,'.11 } ~ `"3 F" ~" ~'C~^S'~R'.~l ~ ~ +} A i". ~~'•r't ° '.'-! r ~ f -".---,:'~5 C;ent~ w•:~ec,~ ~,•a!t ship'iled rc~t~~rn - - ---- . ... t"~ ~~~~,~"St tlt.'.. I----•--.II--=... s...-_'c-,~----',`Itr?iV'it?~~c•;! ;)arlrEr`;h! ~R-i`~----------°. ', ' ~ i;r?"+~.'~'l;tl~ ~ a'i.(ir r :a~t~ !~~ Js, ~iil~T_tSL 141Y.4.~f C ~'. sr'b<. ~,,. .. ._--. -..i-..--....:- .. L-•- ~-----... -.. ~.- .mil ~~~.~~r.a~--.: --B Pa^ne;'a id:n;;yi!;g !.'>•r•~r: _F Partn4r's-rf:?nt~f•aotr~:$S. >;!`i;= `t•'atk~, irld ZiP !.::?df} ---.._-.-_...___. 65~ 1,D8 ^ Final K-1 ^ Amend?d K-? OMB No. 1545-0099 Partn~er'~ 5har~ i~i/ ~ ~rrerrt; Year Incar~tie- Q~cluctiors, ~:radiiiss a~td Other 0t"erne 1 :Ordinary business income (Icssl ~ 15 ;redits 2 :Net rental real estate income (los>>~ tt~~~ 3 'Other net rental income. (iosa} i i6 ~=eraign transactions ! 4 Guaranteed paym~:rits ~ I 5 :Interest income. ~~.~--.___._a..__..... ..._....- ,_. _...___.___-_..___.._. 6a ;Ordinary di~~ide~ds 6b :Qualified di~ddends 7 ~ Royalties 8 ~ Net sho-t-ten-~ cap~ial g pia ;;os::; ~ . _ ~ I 9a :Net long-term csoita! ;;air: ;Ios ; i 1"' ;ii.c:mai;u~ ?;ii~im,!m tax (:aNi ~ j :r~r~~ --r .~----_.--. -.-_ ........i .. ... ... .... ........ .. ..... ........ ... .._. .... ....... 9b ;Collectibles ('~3`iu) gain (i~.;~;v? , +;:. ~. Girnc::ra! a: cr,~:" u~" i-1_C ~--~ LimitECl partner or ;ifii^r LLC merr.t;~;-ri_r,~;c~~ rnernber ( ^ F t i " L necr :~n pzr ore _Fsti;; pr.ts~:ns::_ taori r ft 1 'What tyua t,t ~ntit_~ IA t:"!;^ i~arincrr % ----•---_• ---_-- ---.- J t'artner•s t:h::.r~ .fir arcf~t, I~;ss, anc' tt.;ai:al (set in5tn;ctions): ` ..a- t,ap!tal -- --_-----c~-,J- nio ~----------_. _ a~~`~ ~o K Partner's sharN ~ iiaiZ!ItIP.S at yEar P.n~l: Norcrecourse , g cOuaGtia,1 nonrecour.;;~: f:~ia,lGln^ . $ Rec:ourse~ . $ a.a~ G L Partner's capital ecc~unt analysis: ~. ~- ~ ~ ~ ~ Beginning capital acco!-rnt . .. . $ ~' Capital contributed ~uriny the year $ . _ - j ~ ~ ~ Current year increase (decre~n e) . $ - - Withdrawals & distributions , $ ~ _ _ 1 S ~ o Ending capital acccunt $ ~`~ ~' ~';~ . I ! ^ , GAAP Tax basis J Section 70 4(b) book Other (expla!n} For Paperwork Reducticn Act Notice, see Instructions far Form 1065. 9c i Unrecaptured section ?25c; gain -i- 10 ;Net section 1231 gain (Ines) I "S ' '~-~ £xer;~pt inco;~?~ aid ---- -{~ Ill'i!1C:~d!JGtll;j° eY.i.Fn3t~S 11 'Other incomL`~1 +i:`~, s) ---- I` _ ..............:.._._._._.._ ._.__._-_..._. _........_............_...............c ~ '? Dis~ribut+cns i -•----- -i i 12 ;Section ? 79 dre!uction i 13 `Other deductions A € L. -~_._~. _-~---------- ':. , ~:a Qther in:crmatio .................i._..~__..._.._____._.._...._.-...__........_...__ _.._.....i ~. i i ' I 14 {Self-employment earnings (lass) .i -..-_._.__ _._~._--__._-+._ _ _._ -_._.._._.._..___....__.._-___.--- ~~ *See attached statement for Gdditicnai information. O It O Cat. No. 11394R Schedule K-1 (Form 1065) 2008 Sci~edule K-1 '~° ~'crm ~ 065) ~..:. ~' \ . f Cepartment of the Treasury For calendar year 2008, or tax Internal Revenue Service year beginning .200E ending , 20___, I~arfner's Share of Incvn~e, Deductions, Credits, etc. - See back of form and separate instructions. A Partnership's egmployer1identification number A Partnership's= name, address, city, state, a.nd ZIP code i - , ~-- ~~ iR} Cenfr-..r'J~:t':ere partnerS~,h;p flied retirrtr _ ((~' _ i~ u t'hac,~; if tti:, is a pubfcly trad~s~! i'.artnership (PTP) ~!'-~~`~ t:err"~f+~g~fdnctr~.~-~'~~t~~`~~ner. ~... E P~±,int:r'~ ktar;ti~~r(i+~; (^~u~r:nner F` Part~ier's name, address, city, state, and 71P code a ~ i_ ~ ~ - lei ~ ~-~,r.,~--•~", J 1l *, _.•,~~"-Gan-cal oartnEr or LLC--_--_.--- ~ ~ I„invited partner or other LLC ,enit?er-manager member - ;f ~~ f~omestic partner ~ ~ Foreign partner iN'~~Vt~~J~~d" `Nhai tyfye cf entity is this pariner? _.~__ .3 Pai~iner's sl~~are of profit, loss, and c:~pit21 (see instructions): E3tgi:~nincd Ending Profit _ - .~• _i °.5' °~R~; °~o LOSS " ~ ~_ n~° 'a'J °~G _ 651,1,08 ^ Final K-1 ^ Amended K-1 OMEN No. 1545-0099 ~artrteir's.Share. ©~~urrertt Year •lncomet_°' i?eciucfic~r~s~ Cr~drts,-`and Otlzer items i i Ordinary busine~.~s income (loss) 15 'Credits 2 PJ~t r:~ntal real estate income (loss ~ ~ ~~ 3 Other net rental income (loss) 16 'Foreign tr:nsactions 4 I Guaranteed payments 5 i Interest income f~ as"a Ordinary dividends 4ib Ccualified dividends 7 F~riyalties 8 pJrt :~rtori=tern capital gain (loss) 9a ~!c~t lung-ter~rr ~aaitar~a n (irrss} 117 '; Nte;n~~`, ~e rr:n; „ui~, taV ;AMl) items _; ---~------• - -• ---~-~--1 ...._ _ .._ .............. __...... .................._.................................. 9b Coilechbies ('._'~°e) gain "cs~) , I 9c '•. Jnrecaptured section i2t4Fi gain 10 ? Nit se^tion 1?'31 gain (loos) 118 T~:x-exe:~,pt i-+lY~~mr and - -^- -~_-~- ` nondeductible e~:penses 11 :Usher income (loss) i J ' Llistrii~:miens 12 :Section 179 deduction --_- i3 :Other dedu~-tion~ 20 Other infG;;r,3iion F K F`a:-tner's share of liabilities at year end: -_ ...................._-....._......._..._....._._..._._..__. $ 14 Self-employment eamings (loss) _ Nonrecourse . $ f i ? --- -- ng . _ nanc Qualified nonrecourse ~$ ~ - ------ -----------------__- Rerourse . $ l i l ' *See attached Gtatemerlt fUr additional information. s: ys s capital account ana L Partner ~r7 ~ U ~ ~ J E~eginning capital account . . $ ` Capital contributed during the year . $ ~1~ Current year increase (decrease) . $ ~ - Withdrawals & distributions . $ 1 5 0 '~ ) o Ending capital account . $ ~ ~ ~' 3 ~ Tax basis ^ GAAP ^ Section 7 04(b) book ~ ^ Other (explain) p u_ For Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 11394R Schedule K-1 (Form 1065) 2008 6511,'08 ^ Final K-1 ^ Amended K-1 OMB No. 1545-0099 Schedule K-1 ..r,>( '-0~ ~ _ w~~`~#~~irt~re~s Share afTCurren~ Year Incnrine; L_.. i ~ ~. (Form 1065) `~~~~~ ~~ ~° ~ .: Ded~c#~ar~s,.,Credrtss~eitadf~thex. Items° ,... Department of the Treasury For calendar year 2008, or tax 1 'Ordinary business income (loss) 15 ;Credits Internal Revenue Service year beginning -, 2008 I _._..__:____.__..__~ ..___.._...._.__.._......_..___.,_._._. ending > 20 2 :Net rental real estate income Qoss Partner's Share of Income, Deductions, t ~ `~~ _ credits, etc. - See back of farm and ~parate instructyons. 3 'Other net rental income (loss) 16 Foreign transactions A Partnership's employer identification number [i Partnership's name, address, city, state, and ZIF code i o- \ '~ ~ t.Ps PA 'L t- T. G IRS l,;anter where partnership filed return G-~ ~~ ~ -~--' 1 __--- i D L.l Check if this is a publicly traded partnership (PTP) • ~hf~f'ma#i~~A~iou#~~3_ ~?'~r~n~ ~ °~ +'-~'~~ >~~~ E Pan~~er's identifying numb!ber F Partner's name, address, city, state, and ZIP rode - p~Y~T~ L, ~ ~~.w~~~ G !qtr General partner or LLC u Limited Gartner or other I_LC; n rc:n giber-manager member H [)omestic partner ^ Far•eign partner t What type of entity is this partner? __ -_- ,.! Part,~er's share of profit, loss, and capital (see instnuc,:ions): Beginning Ending Profit ~ ~ % __ ~+~'~ °~~ LOSS •~' S °,/o ~",~_% Coital ---- ~" ~ % ~ ~ c~- 4 i Guaranteed payments 5 'Interest inocome Q 6a ~ Ordinary dividends 6b ~ Qualified dividends 7 ;Royalties 8 :Net short-term capital gain (loss) f3a ?Net long-term capital gain (Icsa) 17 ' Alternative minimum tax (AP~lll items i I' _ _ I ~ - ~ -_ . 9b ' CollECtibles (28%) gain (toss) , 9c i Unrecaptured section 1250 gain i0 ~ Net section 1231 gain (loss) 11 ~ Other income (loss) 12 'Section 179 deduction 13 I Other deductions K Partner's share of liabilities at year end: 18 Tax-exempt income and nondeductible expenses i9 `Distributions 20 ;Other information Nenrecourse , $ 14 €Self-employment earnings (loss) Qualified nonrecourse financing . $ .._.~..~,._..,._ _.._._ _ _._.____..~__,.._ Recourse . $ ~~ i *See attached statement for additional information. L Partner s capital account analysis. ~~ i3eginning capital account . . $ Capital contributed during the year . $ _ ~ ~ ~ ~ Current year increase (decrease} . $ %~ Withdrawals & distributions . $ ~ ~ S p ~ ~ O Ending capital account . $ ~`~ ~ ~ '~' is ^ GAAP ^ Section 704(b) book b ® T OC ax as ^ Other (explain) o u_ For Paperwork Reduction Act Notice, see Instructions for Form io65. Cat. No. 11394R Schedule K-1 (Form 1065) 2008 456 ®epreciation and Amortization OMB Na. 15Y5-o772 Form (Ij;~clcading Information on Listed Property) ~ ~~~~ Department of the Treasury P.1.tat:iiment Internal Revenue Service r09) i- See separate instructions. - Attach to your tax return. Sequence No. ~+7 Name(s) shown on return . Business or activity to which this form relates Identifying ~~umber ~ ~ c,K.+.. tit L1 N ~ l'tAr-' ; t1 ~ Ir 'E~f°r ~ 1 i t, uw6~ n,•j,~ ~'~- l~, ~. S i /,~'j ~ 1~--~."° j ~ d~) I ~ ; - ~ a ~ W ~i'~ ~ __._. • ~ ~ e flan To Expanse +~~:rfain Property Under Section 179 Note: !f you have a~-~y listed property, complete Fart V before you complete F'ai~t I. - _ _ 1 Maximum amount. See fihe instructions for a higher limit for certain businesses . 1 ~2L~0,000 2 Total cost of section 179 property placed in service (see instructions} 2 ---- 3 Threshold cost of section 179 property before reduction in limitation (see instructions} 3 ~800,CJ0 4 Reduction in limitation. Subtract line 3 from {ine 2. If zero or less, enter -0- 4 _-, __-.- 5 Dollar iimitation for tax year. Subtract line 4 from {ine 1. If zero or less, enter -0-. If married filing separately, sEe instructions _-___. - - ~ - 5 {a) Cjescription of property (b) Cost (business use only} ~ (c) Electc~ cost ~ ~ ~,~ ; 6 - ---- ---~ - - -- _° ~~ ~' --- - --- ---- (a~, :~~ 7 Listed property. Enter the arnaarrt {ram iirie 29 . 7 -_-- --~--~ n. ~ ~;~' ~~ P° 8 Total elected oast of section 17J pror:~rty. Add amounts in colul~nr, (c}, lines 6 and 7 . 8 • ~-- ----- _--~--------- 9 Tentative deeucticn. Enter thF~ sm.all~~r r,; {i,a+ 5 or ure 8. - . . F__.__ t _ . . 10 Canyov~:r of uia~tl,n~aP~ .~..du..tio~~ iron-? ling i3 of your 2007 ~ arm 4562 ---~ 11 I -.-----•--.-•--__-~- 11 Business iOGGr~^c iirni~ati-~n. Enter thr sm~~lier+01 business income (not less than zero) or line 5 (see instructi 11 h li ons) 12 _ ~ 12 13 . _ an ne Section 179 ~>:pense de.~iuctiort.::_td lines S and 10, but do not inter more t kd~J lines 9 Gnd 1 r), I~:.s line i 2 It- 13 CarryovE:r of ~ alsa!la'~r;~d ~iedt~c:ior: t ;~ 2t'OQ. Y_ _ r"=~,-~ ~"~; *;~" _, s.~ ~ ~ ~~ __ _ _ _ _ _ _ Note: DQ .na* r:;;e Fitt !i or .Tart. ill belr~vv fc~r' ~7stc;d ~ro~orty. Instead, rise Bart V. - - _ _ _ . . .....~ ., _ _ . ~pecia! p~~iareciation ~-lin~anc~_and lJther_C3epreciatian (do not include fisted ~~rope ~_ _ ~y~(5ee_instt•uotican~_; 14 _ Special depreciation allowance for gtlalifi~:;i pr:rarty (other than listed property) placed in service ~ during the tax year (sea instrurticn:~) $~ ~ 15 . ~ Y 15 PropE~rty subject to section 16fi(t)(i} election _ ~ - - _ - - ---- 16 Other depreciation (inriudir,g ACRS) _ __ . ~ i6 __:~_~~,_ ~~~Gf~~ IDepreciatican c'Ja leaf; include listed propert .) (See instructions.} - _-_______-__.__ Section A 17 __ _ _ _ MACRS dzduoi:ions for assets placed it st~=r~~ire in tax years beginning before 2008 17 '~~ °~~ la~:F~zi in service during the tax year into one or more assets an t rou ti l 18 p y p ng o g ec If you are e P ^ ~` general- asset accounts, check here -__ __ ~ -_ ~a~frA~, R_;n~~~t~ a{acFC~ i.~ ~:±rvics Oiurina 2008 Tax Year Usina the General ReAreciatien System (a) Classification of prol:erly (b) PYlonth a~;d icj fe~s~~ f;,r r;r;praci.~tion year {laced in ! (.buai~~~essiir,veazmertt use Se1VICe t)nr}r-•_.ea IilStrUCtlOr>s , (c.) Recovery period (e) Convention , F ,, ,• (f) h+ethoti I (a) UeprFcia.._n dedu:~,o~ •_----. _.. 19a 3-year property __~ - ___ _.._. ~--------- b 5-year .property -------- -- --.__ I ---•--- c 7-year property a--t o a 1 t~rLn-/ f. ~- I - ~'~ ~ ----~---- d 10-year property __--__ __ _ _ - _ -_- __ e 15-year proprrty __ I f 20-year property _ -_ __ g 25-year property _ -- 25 yrs. 5/L I -•_--- __-- h Residential rental 27.5 yrs. MM 5/L __ -_ _ - property _ _ _ ___ __ _-_-__ 27.5 yrs. MM 5/L ____ i Nonresidential real ~a9 yr5. MM ~/L - propert _ _ _- ~ - MM 5/L Section C-Assets Placed in Service Durir-g ~~UOt3 -lax year uurng the p-rternanve ueprecratrcn system 20a Class life -_ `~/L b 12-year ;: ~ .. .2 yrs. S!L _ c 40-year 40 r5. MM 5/L • Summary See instructions. _ 21 Listed property. Enter amount from line 2_a 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g}, and line 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations-see instr. 22 "~~ ~ 23 For assets shown above and placed in service during the-current year, • _= enter the portion of the basis attributable to section 263A costs 23 _ For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562 (2008) Form 4562 (2008) Page 2 ' Listed Properly (include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Mote: For an}/ vehicle for whirh you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section B, and Section C if applicable. .Section ~---Cepreciaticn and Other Information (Caution: See the instrucfiors fnr limits for passenger automobiles.) _ 2!~a Do you h?.ve evidence to su~i~ort the business/investrent use claimed? ^ Yes ^ IVo 24b If "`les," is th? evidence written? ^ Yes^ f~lo - - (~) -- (a} (b) eus+nessl {d) (e) (f) {g) (h) (+) investment r' Basis for depreciation Elected Type of property {list Date placed in most or other Recovery Method/ Depreciation use (business/investment section 179 vehicles first) service percentage basis use only) Period Convention deduction cost ?5 Special depreciation allowance for qualified listed property placed in service durng the tax yE?r and used more than 50% in a qualified business use (see instructions) _ 25 _~ ?6 i~rrpertV used more than 50°'o in a aualified business use: % 27 i'roperty used 50% ar less in a qualified business use: _ ____ --~ - n ~ ^ / I -~ f ?8 Ado: ~ n cunt; in column ~+~,, lines 2~ :I jrcf+ayh 2•T. Enter here and on line. ~1, pa.ge 1, ~~,,_,_ ~ _ ~,_,_, , r --^ 2g Aci~'' ar;~ou~kti ire c~:;l! Iran (i!, line 26. Enicr l~r~:re and on line 7, page 1. _-• '~~~ i _.. _...__ _~_.. ._ .._.._ ___.L. ~-~ ~ - 4ecti~~:~ B-Information on Use of Vehicles C~ornplete thir', .~,~~ctior+ ft~r 1~~:.iliC:!~': ~ used tv S sr,ic~ rroprietor, partner, or other"more than 5% owner," or r~i,:taEd pNr:jon: it yo„ ~r•.":ryt:d veh~c'~~s to v^l~r ~~~pioyees, first al ~su:er ti;a questions in Section C to see if you meet an exception to compl6tirlg-t;~if sec'iun tar those vehicles. __yy...__Tf _ f----_` o~!ir1V~~~t!"ivnti illif?s tirl!'Zr+ IjM 1 lt: t. rJ ;1 +.: .ti, .7f .. ~ r Iu.is commutin th:; ?r (do r;ct iii _ ci -in ~--_ `.'~) - ~~. t ~ ~ eh.c,e ~ (b)-~ Vehicle 2 - tcj Vehicle 3 ------- (dj -' ~.~ • /~, ~ e~iicl+, -- --.-- ~_) ---~ f7 1•~hi~ie :; {f) '] Venich, G -- -- g ~ ~ , ; g 31 Tl~tal commiltirG miles driven d;;rirr~ the year -----__.-- _-_... -_ I _ - _ l i ___ ._ 32 Total athr~r personal (nor;co;~muting) I I miirs riri~rL;l . ~^ Total Ir+ilas driven during the yoar. Arid ----~--- - --- ~_._ __ -- ~ - lines 30 through 32 ( ~4 Was thQ vel~iicle availal.~le for perscr+ai -._ ~..~fi ` No Yes No Yes ~ No Yes f~lo -_ Yes - Igo I - Yes No __ u~. dur. ~g o~~-dut, hc~.rs. I 35 Was the 'JBItICIe used pr:martly key a I ~ --.~i II i --{- I ~ +- rn;;rathan `;o/ ov~rr•it~r or related parso:~? 35 Is aIOther vehicle ~~vai+'abie for personal i ~------..J_ i 1__ -. i ._.-~ ~ _ ~ r - _ use? I Secti~an C-Questions for Employers Who Provide Vehicles for Use by Their Errtploy,Ges Answer these questions to determine if yeti meet an exception to completing Section Q for vehicles use:1 b;r employees ~nrhoare not Ir+ura thin 5 rc r?v~nel-s or related persons (ee instructions). .. a~ . Do you maintain a wstrten policy statement that prohibits all personal use of vehicles, including romE-r~uting, ~ Yes EVo by Your employees? . ~ Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by ;/our employees? fee the instructions for vehicles used by corporate officers, directors, or 1 % or more owners 39 Do you treat al! use of vehicles by employees as personal use? . 40 D~ you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the iiformation received? . 41 Da you meet the reruirements concerning gt;alified automobile demonstration use? (See instructions.) (Vote: If your answer to 37, 38, 39, a0, or 4f is "Yes," do not complete Section B for the covered ~•ehicles. (a) tb) (o) (d) Amortezation (~ Date amortization Amortizable Code Amortization for Description of costs begins amount section period or this year percentage 42 Amortization of costs that begins during your 2008 tax year (see instructions): 43 Amortization of costs that began before your 2008 tax year. 43 44 Total. Add amounts in column (f). See the instructions for where to report. 44 Form 4562 (2008) 8825 Rental Real Estate Income and Expenses of a Rev. December 2006) Partnership ur a&~ ~ Corporation OMB No. 1545-1186 Department of the Treasury - See instrc.4ctions on back. Internal Revenue Service - Attach to Form 1065, Form 1065-a, or Form 11~Ocs. Name Employer identification number 1 Show the kind and location of each property. See'pagE 2 to list additional properties. - ---------------------------------------------------------------------- --------------------------------------- -- d-~t ~ '^' L! ~('- ~'a I'1 ~1~5" l ~ ~-~. ~...rf` C.~-2-P-t ! G_~-, l.~ d"1 `~~ ------------- ~. S ~ W L l T (' a ~. r ,'4~-1"- j y i~.. k.-2 "C° ., ~'`~ 1L.1., i, ~+ Lf . ~,'~ i °~ ~ ,`) _ ~~~~~ i~'fi~t. ---------------------------------------------------------- ----- ---------------------- -------------------------- .____ __ t~r~per~ies _ _-- _ F~entat Real >`state income ~ Y B - C -~ D ~ ~ --1------ Gross ;"tints 2 ~ ~r~_ ?~ 3~'~ .T `~''~'--~- I __ Rental Recl Est~t4 Bxpanses I 3 I I i 3 Adverti~ina - -- - ---- ----I---i---------I-- - .~-._--- --..I-^-~ -..-_._ ~~ Auto an~:+ travel 4 - ~ 1_..-~-- --~-- -- -- -- ~" Gleaning ar-;ci .h-rcrintsrrarce 5 ? ~~ ~._;_ ~ __ t G '~ ! _ _~f,,;; _~_-. I w --- --- --: ------ - r'. Lc~mmi~~siors - _- - i --- --- ___ I I .- -~ T - -~ - --- - -- In~urance 7 •~"~ 5'_ --- S3 - S3 5" -- ;- _-- _ r~ .egal and other pro`E:ssonai it-'es 8 ___~~`~_-- .- ~`•S`"~ -- _ aS~' Interest 9 -- - - I-- ~ - 10 f~epa.irs . 10 '7i `~~ -- - -~ '-~-'( - 13 `1~t --.. ~ - ~ ~- '----E- - - ---~--- :1 ~ Gxes . 11 I a_ ~ ~ I ~ -- '~ iJtilities 12 !~~ f r?1 -----I-------~~ f ~--- ~. - - - -- 1~3 1Nages and salaries 13 ` __ __ ___ .j•, 14 1 "7 ~"I ~ ~-y ~?°i f SSA 1~l~ De r;ciatior~ see instruc,~r~ns _,_ _ -~_ __- P ( ) 15 Cther (list) ~ __~'"~~~ ~a' ~3 ~3 - _-~-.~ _. ----a -------------------------------- 15 I -~_-~- -- iC octal expenses for each propEr.y. Add. lines 3 through 15 . } 16 ~' ~ ~ ~ j ~ ~' ~_~.>_ ~ ~ ~ ~___~.~ ~` i7 Tota! gross rents: Add gross rents from line ~, columns A through H 17~.1..,~~c~ i if3 Total expenses. Add iota! expenses from line 16, columns A through H i-'~ _ ( `~' ~, ~ 3 1;~ Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property fron-r rental real estate activities 19 20a Piet income (foss) from rental real estate activities from partnerships, estates, arzd trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) 2i3a b identify belo~~~ the partnerships, estates, or trusts from which net income (loss) is si~own on line 20a. Attach a schedule if more space is needed: (1) Name (2} Employer identification number ;:?„<~:: 21 Net rental real estate income (loss). Combine lines 17 through 20a. Enter the result here and on: 21 ~ 3 ~ ~ • Form 1065 or 1120S: Schedule K, line 2, or '~ ;r ~ :~ • Form 1065-B: Part I, line 4 ~ • " _ ~`'- - g For Paperwork Reduction Act Notice, see back of form. Cat. No. ~ 0136Z Form 8825 (~ 2-2006} ~ .~ ~-'~°~ ~ c rrr; ':apa;,rr:o : of t"E Treasury ;:,a,rn:,l t;-~izru~} sbroloe (??~) U.S. Return of Partnership tn~conne For calendar year 2007, or tsx year beginning _ ......... , 2007, ending _. _ ... _ _ _ _ , 20 1- See se crate irsttvctions. ~.r. r.-.,.. ,...,. . ~ . . . _ . _ _ . .._.~~ .~_....~._... .._._.._-._--~.- :~~ t='ri;lC:l}c.! bt:s!naS$ aCtiVlty ` tt ~~ $$ yy ~~ +~ ~j r~ }}~~. ,~+~ {{~~ ffl~yy rr + ~'~ ~4?°~~ ~l~y3,~~ D~J.r~~..,IV~ G~ e~.ita~ 1..i.~J L --<., {; use the r TH®~f~~ G ~3GUGL~~ ~; ~~,:;~;pa! pruduc* oo~ dn•!~z label: G~~ P`A'P ~ tL~ ~•~'~ ~ father- ~~.~~ ~.,~ P~~ G~ __• _:..~. _.----- C~•c;r-- i ~wnber i; I~usint•>^ wise, print NAPLES` ~=~ ~~a>~~~i-~°9~ ~-~ ,°- ~'^' . ._ ~ ,. -~ or type. , < ; , , __ OMB No. 1545-OOg9 ~oo~ _ D Employer identlttt;atton :namt~gr E Date business started Z -~`° -'~'~---- Total assets (s;s© thrs instructions) ~ 8 s ~• c ~~ E, ~;;~c~ ~~,;~iicabir. br~xes: (i) ^ Initial return (2) ^ Finaj return (3) L.~ l~~n,e chance (4) [._! ~~dd;aes i:hartye (5) ^ Amended return Ft c'i!~cic ac_.~ui+~iny r~,F~hc,d: (1) ~ Cash (2) ^ Accrual (3) ^ t:~th~• (s;ac~tifi}°) "~-------------- -------'---•----------- t :~,~:n~er of s_~c"e~~uie:~. K-1..F~ttach one for each person who wa4 a partner a* ar;J time c'urlr.~t ~`ta t;~.%' }+F~~r !~_____..___ F ~ ~i c.;^~wic if :;.t>!'~F•d;~lc~ t~-3 attached . , , ~`i;,+ti~:~i:. Il,~`J~~r- +3nf;~ :,~a'e or business income a~~~ expenses an ririas 1~.n;^!1S~'; !? lrr;o~a~. ~~tie tree i.acfit~•,:actions for more in¢r•r~r.afior,. ! ~~~: C.;c::,,: r~.cf acs or sales ~_~ ..----•--._....___._._-_-1._..._._ .y t:c:~.~~ i-E:ii.:r: ~:., a:~d allowances . ~ ~ ~_.~_.._.__._.._........_ ~~i _. __. ~ c •---- -I--- t,'.:~i' rf; '! _ --r~ , ~~oid (Schedule A, {art'' t3) , ~ 2 ...w._ ~ - `~ ~ ~~ t~rc..=:: ,;•u;;t, ::~a~tract line 2 from Ine 1 c . .. ! 3 --......-- ~--_._._ Y_ t'...,t•..~ i,-..'•• ;~ h' i -.-~~~ 1 ~ +» tc# IF.'~,. t. ..,.~..,,c+.,',,> ri 1 ~ A~ ! - _ - i - •. t~~r;.~,... , ,•..:;~~~. (loss) from ot. er r~ rznt:t,.i,i~.s, es.a~t:.~; a:-i;f ;n. ,~5 t..~[:~iG: - . ~~,.. r..~- r,. f -___...__ ____- .,~ ~ ~~; ~+t-,..~~;;,; ,!~.~~:; co5s) (attach Scr-s.fi°le 'F~ (;-L-rm ?C~Ci1 . ~.. S ___-~-.--___~__.-_ ! ,,; ~~~:~ ~: pit, -~. '~ ',orrl Forrn 4797, Part i:, ?ir,L ~(7 (attac~~ rc~rlri ~;;","r; _ - S -•---•-• ! ---- ~ F ~~:~~~ . ;:,... ,; .., ~^j (attach statsmer,ti , , . - _ 7 _ _..__..._~ ~_.----- - . - _ ~t ..~-~, .z , :~~ °,~- ~~io:~:~). Combiri2 -ii1~S~3~ilr~?i_: ic~~ '"l -~-----__..__....__..__._.._.._._.__ ...._...._ ____ ... ..... I g __....-_--._.-. ! - • ! d:< ~..;~,.~., ~ . , ~...~;;~ti;PS (other than to pa~~.narsj (less cm~jica~~t~r~,;l: c.rPc,~i..~; . _ ~._ ...._.. __ t _.._ .h~~ +:''..... _..:;`~,~~ r°~-;<<~;tet-~ts to partners .. ± ~0 _--__-_._.__.- ~ __._.__ .fig ~ i2 .~__.._ - ~-~- - ~.y.~r,~,.r'~.;:.~;',.. t. ~,~~'~, '-~ ".required, aftac,~i ~^ ~ 4~% F c+":~ r ._ ... .- ... !. .. - ~. --.._._ - ~" -_ y~ t _ :~~~!-~ .. ;~, ~,..,.:,:#i.rurti reported on Sch~;~!`~Ic~,~ ~:nd elsewi~Grs• rii~ rer,~f+~ i'~~~"' ; ~~Ec ------•w..__. ` _._.-- `~;' ~ ~= f ~~~ ~. I.:t,~~*; :` ~:~ ~~ot deduct ~oif ar-ci ~~o~;, d~Ni,etiori.} _- .:.._ .... „....,....... _~-:'E7- ___. ---•_. -_ ~_.~__. - r18 c` ! ..r_.____ -. ~ ;rt' ;?~;irr-rr.::~~ (:;;~t•s, etc. .- _.....__.._. - ! ~4 Lr°,,)-,i,,,.~.a ;E~4xi} programs , , ,. 'i9 _..._...._ i c'~ _ ~ r20 -t----•-- .. .,r ! F~~~ ~f;k ,i ~L~y ~,°f ~r~s j.~ttach-staterrie,~t) ~ ._._ ..., ..__ - ~. "~3"i ~~-':~t'cb~E~r-~~fecfa.~r,:~:Rr~ns. Add the arno~nt.~ st,cv~r~~in tf~o far !•igl~i ~,r~-umt~,l~,r~.ilt,~:~ ~ ~^i ~,~s~.. _ ..... _.. ~~21 _._._..__ ' .._--- - -._ - _._._.-__ __. ___ _._, ._.._. _ . ..r L2 -.~. . - - t~cc~ir3at~r F~-.ts)rtess income-{tc~Sn~Sut~tt'ac:t fine 21 frnm line %S __._. _ _ ._ ._ ._ ._ .,.. _...:~._1_,__._ ~,-~ Y)r?~Jdr-~~~~!~ies of Perjury, I declar6 that ! ha~rr~ F~~camined this ~sturn, lt~cludirtg accorripe~1y-,~~x sutie-•.;~~ t.~:, r„ i d•- t~,r;~°;1iS, 2nd to the !~2~: Cr i (~'~ ICr'.a,~,~!ag£~ -" ~ ::,nd t,e;r~f it is tn.!e, correct, anC-crm:gets. DAciaration of Fraparer (oti-,er than ganerri 1,=,~t;lar~r i;,-.nc,•~, !:;>s:,6~ir ;,c„~pany member m~.na.56! is teased ;; r• cl) ~,,fcei?~a.:ti.on of wtc!eh re arer-nZS sr,y krtc~vr!eclge. , P P ,...~.~.~.: V- i 1 i o:~K~t~ - May .the !RS d,tt~~ss this rA•iurr, I_ ~ ~ '~~.'1v~at.v t'`r~~ ~` .~ ~ ~ (. i .~~ Wlttt U1B preQ?I"3"~i4~:+ft L'PIC•W ~3Fl9 __'- ! ._~._~ _.t - _ . _._.; .- .-_ .._..~_ ~..._. ._.. ......__..__ F_._ '----.... ~......,_..___ InstructiGisj7 ! ~ Yt~s :..i IYG tz ! ;,!gt; :us•e of general partner cr !irn;ted liability company member rrtanag6r sJ~i `~`~"'~~ ~__.~_._.11.~_~..__.._._. __ ~ '-~ [~~,tH ~-~-__.,._.._.., ._.. Preparer's 51:.1 ;}r +:?'rlv ""..- I Frr !}arr+.~'; l E .'_:t{?3:1i ~> ~~~V ;rgratt;r9 ~ •!. ~s!i-Err:,r.+;~y'vcj 1A' ^ ~ Firm's rte:n:~ ,or yours _~C~.t t~ f*- ~~~ i~p~~ if s_e_'sf-e,r.ipfcc. Q~~ . , _ ------.__._._.._._..r.~_._...___.._...__ ! ..,___.~ ._...,----~-- .... _- - . _ •• I a~i~irsss ar~ 7..IP dodo . _ t f~l'>~:.t~ !~c. ( ) wrr,w.~.~vT+l.w~.a.~..s~,uf ..~g4.,Mi /~ fMwPw,.+.~Y-S:.~iY.aY 'wi'•.usl' ~~, ~cr priaacj,~ ~,~t arui paperwork Reduction pct Notice, fee separate irtisfructiorss.~~ rst, int.:.1~50~ Form ~0~~ (20C7) ~•arm 1065 (20,7) Page 2 - • - ~ Cost of Goods Sold (see the instructions) 1 Inventory at beginning of year i _ 2 Purchases less cost of items withdrawn for personal use 2 _ _ 3 Cost of labor 3 r 4 Additional section 263A costs (attach statement) 4 5 Other costs (attach statement) 5 _ - ti Total. Add lines 1 through 5 _ 5 Z Inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8 9a Check all methods used for valuing closing inventory: (i) ^ Cost as described in Regulations section 1.471-3 (iij ^ Lower of cost or market as described in Reg+.~lations section 1.4'71-4 _ (iii) ^ Other (specify method used and attach explanation) P ___________________________________________________________________________ h Check this box if thane was a writedown of "subnormal" goods as described in Regulations section 1.477 -2(c) r ^ _ c; Check this box if the LIFO inventory method was adopted this tax ytryar for any goods (f checked, attach Form 970) - ^ _ d Do the rules of section 263A (for properly produo~ed er acquired fur resale) apply to the partnership? ^ Yes ^ i'~1o e V~Jas there any change in determining quantities, cost, or va.luatior~s between opening and closing inventory? ^ Yes ^ Pio _ If "Yes "attach ex lanation. •- - • ~ Other Information _ _ ~~~~__ __ ~ -`~"'- 1 YJhat~type of entity is filing this return? ul~eck the applicui;le ::c; ~ YAs^!~~~ - -,. _ ' '., _ } a~ ~ Domestic creneral partnership b C! Gcyrn~str~ i;r~ite:.f partnership ~~ ~~ ~fi~ - c ^ Domestic Iimi~eJ lia.bilit com an d i._]- ~.~c~r- ~ES.rc ,rrntt~r '.'~. ~' ' ~ f n= -•-= ` - _ ~~ ~ ~~ ~~ r~~t„Irty partnership '~ ~~ - Y ~ Y - - ~: l.~ Foreign partnership - - i i.~ t~thL~° ~- ==--~----------------------------- ~ a? kre an artners in ti~is artnershi ~ ~ ~ .;-. -------------------- _ __ ~~ ,. Y p p p ?L,a c;:rrt, iLr. hit~S'- ---- . - . r -- ~ _.-... _ . 3 During the partntrsfiip~s tax year, dick the t-,arlr~crsi~ip uw~^ .k, ~y <r~t~~rL. t ?~ - aY ether partnership ar ill any foreign ~ ~ _ -- ~ ~ - entity that was disregarded as an eniit`~r sPparatG from rts~crwr:.r ui~dtr Regulations section 301:7701-? and ~ .~, - - - -~ -- J,v ... 301.7701-3? If "Yes," see instructions for required attacl ~rrierrt . ~.. #~ Did the partnership file Form 8893, Election of PudnersFri;~ l.e:~?l. "Ca}; T; oatil~!"rt, c,r an election statement urider s~~ctio:i _ ~~ ' ~ {- -•~r::n. ; . c3~31(a)(1)(B)(ii).-for partnership-level tax treatment, that iS in Effect fc?r-i:hita ta.~~ ~t~izr? See Form 8893 for r-nryre de~tai{s . ..._- ~__- =- _ _ ._. !5 :.does this partnership meet all three ~~f the foliovving rcq~airFmente.'? -- _ ~ .) r,e partnership's tbtl receipts for the.tax year were lass than w?.50,Q0 :; _ - _ f!~± ~o~tre partnership's. total assets at the end of they tax year were lass t:l~an :~5J0,000; and - - _ c Schedules K-1 are filed with the r~t-arn -und furr?ish?d-to the partnErs an or before the due date (including- -~ - .. -, extensions) for the partnership return - - --_ __-_ if "Yes," the partnership is not-required to complete-SchQdules l.. i:9••1, ~3nd M-2; Item F on page 1 of Form 1065; -- -- _- - or Item L on Schedule K-1. - .. -_ 5 Does this partnership have any foreign parners? if "Yc~s," 'chp pari:ne:•shi~ mazy have to file Foriiis 8304, 8805 and - --- - ~3813. See the instru~~tians . .: .-_ .. ..:. _ _ _ - - - - - 7 Is this partnership a publicly traded partnership as defred irr section 40:~(k)(2)? . _ ~ -~ _ -'- 8 Nos this partnership filed, or is it required to fle, a return -.ander section. 6111 to uravide information on any reportable transaction? ' ~ ^ ~ - `, _>_-- ~, g At any time during calendar year 2007, did tho partnership havr: an interest in or a signature or other authority - - o~!er a financial account in a foreign country (such as a bank account, securities account, or .other financial account)? See the instructions for exceptions and filing requirements far E=or•rn TD F 90-22.1. if "Yes," enter the name of the foreign country. - ______________ - -. .- 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, ar transferor to, a" ~! foreign trust? If "Yes," the partnership may have'ta file Form 3520. See the instructions . /~' _ 11 V'Jas there a distribution of property or a transfer (far example, by gale or death) of a partnership interest during _ the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by at- `~ taching the statement described under Elections Made L33f the partnership in the instructions ~ . / _ 12 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return - --------------------------------------------------------------- Designation of Tax Matters Partner (see the instructions), Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: ~i Name of (denti in number p p -designated , p .,~ r~ ( ~ ~ U' ~~~.~ of TMP g ' ~ l~ ~ ~ (~ ' ~ ~ '~? TMP '_ `~'~ ~ Address of ~~-~ ~..~ TMP Hated , ~..~,~,~ ~`) ~~ '~ `"~ ~ O .~,. - Form 1065 (2000 Form 1065~(2007j Page 3 . - . Partnarc' I7ictriF~~~ti~sa Gharc- ltcrr~c -r..f.-.~ .._.~..,~~ 1 Ordinary business income (loss) (page 1, line 22) 1 2 Net rental real estate income (loss) (attach Form 8825) . 2 ~'.~8.?,' 3a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement). 3b c Other net rental income (loss). Subtract line 3b from line 3a 3c .~.. ~ 4 Guaranteed payments ~ _ J 5 Interest income 5 _ ~~? `'" ~ 6 Dividends: a Ordinary dividends 6a ~ b Qualified dividends _ 6b v 7 Royalties 7 ~ 8 Net short-term capital gain (loss) (attach Schedule D (Form y065)) 8 _ 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) 9a _ ~~~ 3 ~ ~ b Collectibles (28%) gain (toss) 9b c Unrecaptured section 1250 gain ("attach statement) 9c 10 Net section 1237 gain (loss) (affach Form ~t797) 10 _ 11 Other income (loss) (see instructions) TvpF P_______________________________ 11 _ 12 Section 179 deduction (attach Fonrr 4562) . 12 _ _ ~~ 0 ;F, 13a Contributicrs 13a - - ~ b ~ Investment interest expense ' 13b - -- ~ n c ~ Section 59(e)(?) exptrditures: (-) iype >- ------------------------------- (2) Amor.rnt w ~ d Other deducti,~ns (sPe Instn;ctiorts,, ;yxE ~. _._ ~3r(21 _~._ t~~ - r--~- ~ ~ 14a Net earnings (loss) from self-empiaymcnt b° Gross farminr,~ or fishing income I ~4•a 1~b ~ ° ~ __ `___._^--_ f ~~~ y _ ~ ~-+ Gross nonfar c rn income _ 15a Low-income housing credit (section ~;2(j)( )) . , .~ z~,o 15a ~' .___~ ~ I __ ~ bLow-income housing credit (other) 151 ___ ~ a c` Qualified .reliahilitation ex;~enditures (yenta! rsal~estate) (attach Form 3468), .. 15c __,_.__ ____~ ~ ~,_ ~__ V d Other yen#al real estate credits (see instn~cirons) Type - ------------------------------- _15d ~._ ~~ e Other rental credits (seE insin.~ctiors) Type - _______________________________ 15e _..__ _ f .Other credits (see instructions) Type - _______________________________ 15f ._... 16a. Name of country ar v.S. possessir~n I-___._______________________________________________________- rn ~~ b Gross 'sncome from a!i sources ... c Gross income sourced at partner level . ifb _ 16c _ __ - _ _ - Foreign gross income sourced at p,~rfrt!~rship level d Passive category im ______..______.,_ P General category - _______________ f Other - 16f __ __ _ _ ~ Deductions allot«tpd and apportioneJ at p~~tiner level ~ g Interest expense P •----------------.----_-___-__ h Other .' p~ 16h ~ ~ . Deductions allocated and apportioned at partnership level to foreign source income ~_---- _-- 0 e Passive cate o ~- ~ I cate o - _______________ k Other ~ 9 rY -------------.__ ~ Gen.,ra g ry 16k ~^ I Total foreign taxes (check one): p. Paid iJ Accrued ^ 1CF T y ~ __ m Reduction in taxes available for credit (attach statement) 16m . n Other foreign tax information (attach statement} , ~ i7a Post-198G depreciation adjcl~tment ~ , 17a b Adjusted gain or loss 17b ~ ~= c Depletion (other than oil and gas) ; _ 17c a~ ~ ;,. _ d Oii, gas, and geothermal properties--gross income 17d Q ~ Q e .Oil, gas, and geothermaP properties--deductions 17e ~ f Other AMT it tt t h t t ems (a ac s a emen ) 17f ~ o 18a Tax-exempt interest income i8a +r b Other tax-exempt income 18b ~ c Nondeductible expenses 18c L ~0 19a Distributions of cash and marketable securities 19a ~ b Distributions of other property 19b L a~ 20a Investment income 20a 0 b Investment expenses ,~ 20b c Other items and amounts (attach statement) Form 1©65 (2007) Form 10f~5 (2007) Page 4 Analysis of Net Income Loss 1 Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d and 161 1 2 ,4nalysis by partner type: a General partners b Limited partners (i) Corporate Ci) Individual (iii) Individual (active) (passive) (iv) Partnership (v) Exempt organization (vi) Nominee/Other - . Balance Sheets er BOOkS Beginning of tax year - r=no o f tax year Assets (a) (b) (c} (d) 1 Cash 8~s ~~Slo 2a Trade notes and accounts receivable for bad debts ll L . o~r~ance ess a b 3 t i Inveri or es - ations bli t S U g o . gcv~,rnmEn 4 . 5 Tax-exempt seeuritiE~ G Other current assets (attach statement) ~ D l estate loans l J M - ~~~~ ~ "7 o O ~ - ° rea :gage anc or T f3 Ottirrr investments (attach statement) 9a Buildings and ether depreciable assets. b Leas arc!;~rulated ciepreciution ~ ~o B~ ~ _. ~ ~ a-~ ! S~ ~ ~~ ~ l ,S~ ~$o- -~ +~ -(. L' ~~ °l~ r"~ ~ ' ~ ~~ - i0a C~epldtab'e assets . . ' - - -- 1 b LESS ~cc:~rn~alni~=d deplotion - 1 s L.anc (nst of any aniUl'{iizCttior) . ~'~ ~~ ~" c+~' 3 ~ r 12a fnta; ~gibl~~ asp=ats (Gr-nortizalolr orriy) --- ~ ~---- b ~..~~~ di:C~.lrriUiatf3d X11 iCir'il~.ci.t~Ji"I --- r,--•-- 13 JtPier ,~~~,>.~t~ {attach sfi~temFnt) - - 14 Tc.~tai assets . - . 1`~~ I~! a s'~'L . i_iabifitie.7-~iii~~~ ~apitai - _ 15 Acc:c~untr:- payable::- ~. . --- iG Nlort~~agss; r;ote4;•bor~!s~payarle in Tess than 1 year. - _- -- 17 Other c~~rrent li~biiitics (attach staternent)~.~=1'~'~ti1 t ~'~ ~- - ~~` iL' HMI rronrF~cr~arsc loans. -- _ 19 Mor-gages, notes, #oahds.p~:yab!e in 1 year or more . ~' ~ ~ ~ -~ -' ° 20 Oiher.liabilities jattach state~-nent) 21 Partners' capital accounts ~ `~ " ~~~ ~- .1~ 22 Total liak,ilities. and capita!-.,_~_ _ ~`~ 8 ~ ~ ~ ~8~`t t ~} - • - I~cc~lr~c;liaYis~n of Income (Loss) der Books. Vilith Income (Loss) Per IRQt~.~rn Nc~ta, i~C:hedule P~~-3 may be required instead of Schedu{e M-1 lsee instructions). '! I~tet income (loss) p~=r boo~<s ~ ~~"'~ G Income recorded on books this year not included 2 Ince~-ne included on Scliedr~le K, lines 1, 2, 3c, on Schedule K, lineti 1 through 11 (itemize): 5, 6a, 7, 8, Via, i 0, and 11, not recorded on 58 ~ ~ ~ a Tax-exempt interest $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ books this year (tem;zP)~ -------------------- -------------------------------------------------- 3 Guaranteed payments (other than health 7 Deductions included on Schedule K, I'tnFS 1 insurance) through 13d, and 161, not ~ charged against 4 Expenses recorded on books This year not book income this year (itemize): inclined on Schedule K, lines 1 through a Depreciation $ ________________________________ 13d, and 161 (iteniizc): -------------------------------------------------- a Depreciation $ ---------------------------- -------------------------------------------------- b Travel and entertainment $ _ _ _ _ __ _ _ _ _ _ _ _ _ 8 Add lines 6 and 7 . ______________________________________________ 9 Income (loss) (Analysis of Net Income (Less), 5 Add lines 1 throw h 4 ~ 3'°I 11 line 1 . Subtract line 8 from line 5 ~~'°) ~ - . - Analysis of Partners' Ca ital Accoun ts f i i ~' `° a'~~ 6 Distributions: a Cash a"a"Oio year . ng o nn 1 Balance at beg sh t C ib d t l b Properly : a a e con r u 2 Capita b Property 7 Other decreases (itemize)_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 3 Net income (loss) per books vr~d~8 it i i - - ze): ---------------- em ncreases ( 4 Other ------------------------- ---- --- - - --------- 8 Add lines 6 and 7 ~-a-O ° ° ---------------------------------------------- 5 Add lines 1 through 4 __ ~ 0..5-8 ("1 9 Balance at end of ear. Subtract line 8 from line 5 ~3 ~ I ~ Form 1065 (2007) SCHEDULE D Capital Gains and Losses (Farm 1065) - Attach to Form 1065. Department of the Treasury Internal Flevenue Service ~~o~ Name of partnership Employer identification number t Short-Term Ga Ital dams ana posses-Asse ts vela vne .Tea r or mess (a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (month, day, year) (c) Date sold (month, day, year) (d) Sales price (see instructions} (e) Cest or other basis (see instructions} (f) Gain or (loss) Subtract (e) from (d) 1 i - i __ L w. (ine 2G or 37 ain from installment sales from Farm 6252 ital 2 Sh -b 2 . , g erm cap on ~es i:rolrl Ferm 8524 ~ lil~e-kind exchan ain (loss) fror ita! fr 3 Sh 3 _ ~ ~ g .rr» cap orn • 4 F~artners!•tip`s share of net shore-tel;n capital gain (lass), irici~.~~ing spe.:•iuliv allocated shoat-term an_t irt;sts estates artnershi s from other i~` s) i it i 4 , p , . p osse , cap ga a ns i 5 Rlet shc-ft-tQrlm capita! gain or (IoGs). Combine lines 1 through 4 in column (,f). Enter mere and on> F~r•~rm 1065, Schedule K, line S or 11 ,_ _____ _____ 5 ~_ . ~____ • E;~rs Term Ga it~l CaSris and t.c~sses---~*ss_ i ` ts tte~ta. tylo~re i n - -. an tjr~e Year - -._..._..._ __ (a) >7escriptirn°~ of p-.~ pQrty ,.~campie: ='i00 shares a (b) Dcte acquired (month, day, year) ~ (e) bate sold I (month; day, year) ~ ' - ~ (d) Sales price (sse instructions) (e) Cost or other basis (seo instructions) (i) Gain ar (loss) Subtract (e) from (d) C ~ i __ .. ~ ~~ - . .,._ --__. _.._ - - __ 1 _ --- - - ------- --. ~ 7 37 line 26 or ain from installment sales from C=orm ~i252 ital -farm ca l on 7 8 . . . , g p ._ g ain (logs) from like-hind exchanges from Form 8824 ital ton -ierm ca 8 _ _ 9 . g p g Pa.rtnership's share of net long-term capital gain (Coss), including specially allocated ~ and trusts e~atates from other partnerships ains (losses) ital -term ca lon 9 ~~~ ~ ~ ~~ 10 , , , g p g ain distributions ital Ca 10 11 p g tVet tong-term capital gain or (loss). Combine lines G through 10 in column (f). Enter here and an Form 1065, Schedule K, line 9a or 11 11 .~S~Jtt~~ OMB No. 1545-0099 For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Cat. No. 11393G Schedule D (Form ios5) 2007 ~~ 4797 Department of the Treasury Internal Revenue Service I Sates of Business Property (Also tnvoiuntary Conversions and Recapture Amounts lJnder Sections 179 and 280F(b)(2)) - Atta.ch to dour tax retum.- See separate. instructions. OfViB No. 1545-0184 ~0~~ Attachment Sequence Plo. 27 Name(s) shown on return ~ Identifying number (~ v rrre-~ ~ }~ J.' ~ r1 ~X''r f ~'4?~''~'S'' ~' ~' I ,~"'"e~.~'' ~-3 - ~-~° ~ `~ ~ `f -~1 f Enter the gross proceeds from sales or exchanges reported to you for 2007 on Form(s)1099-B or 1099-S (or substitute * „ statement) that you are including on line 2, 10, ur 20 (see instructions). 1 ~ ~ `~ +a Q -Sates or Exchanges of Rroperty Usr~d in a Trade car Business and Lnvoiunfiary Conversior~5 irron~ ~?ther Than Casualty or Theft--Most Pr©perty Held More Than 1 Year (see instructions) ( p a) Descri tion of proper~y ,,. (b) Date acq~.:.ed {mo., day, yr.) I I {c) Date sold (mo., day, yr.) (d) Gross sales price {e) Depreciation allowed or allowable since acquisition (f) Cost or other (g) Gain er (less) basis, plus Suatract from t;~e improvements and tf) expense of sale Sun; cf (d) and (~} 2 ~~ 1 ~?_~41.- 1'~~-) 1 ~'- l-~' ~! G~- - I--~~-1 ,~ ~"~ `I o a ~ . ~ (.,~. ~.° -~ - S `~{ z ~' ~ _- i. 3 4 5 6 7 8 9 10 Gain, if any, from Form 4684, line 39 Secticn 1231 gain from installment sales from Form 6252, IinA 26 or 37 ;~ Section 1231 rain or (loss) from like-kind Pxchanca~ from Form.5824 . Gain, {f anti, from line 32, from other Than ca:~ut~,l:;l or th~.ft - . . Combine lines 2 thro;.igh_6. Enter. the r3ain,csr:(Ls: )r+:are a-;d on t!-~e appropriate line as follows: . Partnerships (except :electing `1ai•gs ~~-tners!~(ps); and :~ corE-urations. Report the gain or (less) fc!-ovrirg the instnsctiu7s for Fcrrri 1065, Srh~ciu!e :l<,- iir~~..10,.or Form 11 tUS, Sc:h~~.i+.de {;, Bile 9. Skip lines 8, 9, 11, arcs 12 below. IndiuiRC3~ais, I~.~rtners, S c~r~oration ~harei:ulc"crs; ai~r.± ail othPr;•. !f line 7 is zero or a loss, enter t`1e ar+aot:nt from IinE 7 cn line 11 below aril skip-IinGs-O a,~d 9. If lira 7 i a gain an+~i you did not have any prior year sECtion 1231 losses, or they. were. rec:ap~ured {r+. an earlier year, c:ntcr thE3 gain from line 7 as a long `erm capital gain on the Scr~edule D filed with you[ return anal-skip lines 3, 9, -11, ~~n;1 12 blow. Nonrew~ptured net ~ectiori 1231 losses frorr- prior years (see insirucaions) , Subtract `sine 8 from line 7. If zero or less, enter -9-. If linr~ 9 is zaro, enter tine gain from line t .,,s1 line 12 b41ow. If line 9 is rncre than zaro, enter the «mount-frcrn line 3 can lips; 12 below and enter the gain fro+7t Tins 9 as a Ion terlri capital gain on the Schedule U fiLcd with vour retul ~n ~•ee ,nstructions), _ ordinary Gains anc~ Losses (see r-IstrtlctiGns) _.__~ Ordinary pains. and losses not included on lin~:s 11 throuo+ 1tF (include orooerty held 1 veer cr IE~SL ~ I --.-.-_-~-~----- I -_~._ ._~._._-..I ~.. - -------.M.- - ~- 11 Loss, if ar•+y, frcm line 7. . 11 ( -------- -- 12 Gain. if any, from line 7 or amount from IIf1P. 8, ii' app~icable . 12 i ~ _~.~___ 13 .Gain, if any, from line 31 ~ 13 - -,.-- ~- 14 Net gain or (lass) from Form 4684, lines 31 and 38a .. 't4 ~~-.^___ 15 Ordinary gain from installment sales from Form 6252, lir+e 25 or 36 , ' ~ 15 _ ^_ 16 Ordinary gain or (loss) from like-kind exchanges frarrrn Form .3€324 ~6 ,_- 17 Combine lines 10 through 16 17 18 For all except individual returns, enter the-amount from line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below: a If the loss on line 11 includes a loss from Form 4684, line 35, column (b)(ii); enter that part of the' loss here. Enter 'the part of the' loss from income-producing property on Schedule A (Form 1040), line 28, and the part of the loss from property used as an employee on Schedule A (Form 1040), line 23. Identify as from "Perm 4797, line 18a." See instructions 18a b Redetermine the gain or (loss) on line 17 excluding the loss, if am~r, on line 18a. Enter here and on Form 1040, line 14 . 18b For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 130861 Form 479'7 (2007) 8 :~,~ .~ i~ + t 4`~.; ,J,r ,~,s Form s4562 Department of the Treasury Internal Revenue Service Depreciation and Amortization (Incl~rding Information on Listed Property ~ See separate instructions. - Attach to your tax return. OMB No. 1545-0172 ~oo~ Attachment Sectuence No. 67 Name(s) shown on return C Business or activity to which this form relates ~ldentify9ngynumber Electron To Expense f;ertair~ Property Under Section 179 No_tc: If you have any ;fisted property, complete Part V before you complete_Part 1. _ _ 1 Maximum amount. See the instructions for a higher limit for certain businesses . .L'~ .~- _~125,000i 2 Total cost of section 1 e ~ property placed in service (see instructions) ~ _ 3 Threshold cost of section 179 pl•operty before reduction in limitation 3 X500,000 4 Reduction in iimitation.,~Sr.lbtria.ct line 3 from line 2. If zero or less, enter -0- 4 • _ 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter-0-. If married filing separately, sea instructions ___ __ _ __ 5 (a) Des:;riptior-of properly (b) Cost (business use only) (c} Eiede~J cost - ~~ ~ ~ 7 Listed prop:,~rty. Enter the amount frorT~ line 29 . .Liz I _.__,_- 8 Total electr~ii cost of srsctiort 1 ~ 9 prope:~rt;r. Add amounts in column (c), lines 6 and 7 . '-'j __, . ~:. ~ 9 Terltutill~ d.•ducticn. Er;ter +..,";C~ ;'il"lalier of !inr_ 5 or line 8. -t----_. 1(3 Carrycwer~ c:.` di ~ailo~,ved ~~+a~;uotir.~n frcrr, ':i^,E :;3 of your 2005 Forlr~ 45F2 `0 ~ --.__._....--__--- 11 6usir;css in~:r~re li~r~~ia~ior~. c~nt~:r.the. slneal~r c;f ~us~ness income net less than zero or line 5 'see insti•~.,r,tions' '~': I i2 Section .1 r-~~ F xpe,~5~-• cttUr.r_racn: A~7. !i!sas 9 and 10, but do ne: enter more than lire ;'~ ~. , _ , i ~'? j r- t- ~ , 13 Carr~ro~r~r o' ~' ~a.'i~ .~ve_i u. tirlrt ~~ to 2~!C ~~.-;old linas 9 sand 10, less line 12 - I i 3~ ' -`--_ - ---_- ~ No#e: Uo ri,~i• .,ter«'ar` ri ;~r r~'u: f91 i.Llo,•v ..*r~r• j+yr`e!?f property. Instr•;aa', use Part V.- __ _ _ • ~ti~~..l'Yw^ii ~~~f'~.'CFr~$i~'h a~;i:ar~-ra,.~,.c and Other Dfrpret:iatlOrt Do nat include li~i.eci_~~ro~~;:;r:' 'i ;s`,~.s~ fti4~}Ci4~tl~,ns. __-- -1-.-.- - --._ - ._._.__-. _ , . ___ _~_ __ ..-_._ .~,~_TY_. ~.. _ ._.____. __ _ __~ ..._~ I 14 Speoial alloU.arrce far quayied Netnv Y"i;rk i ih`rty or Gulf Opportunity Zore property (Cther than rStr?~' ~ property} ar~~.~ cellulosic biomas etha.n~,~l I~~~~'•°:t property placed in service during the tax yea; (see j instrJCtiorrs) 14 _ _ _ i ; Prop~:rty s~al~jef~t ~ro sectiol ~ i f.3&(i')(~i) olr~,:itio~ . -1'~' ._..~~_~~_~ .-~~ 16 rather depr~c:iaiion (i!•ncludin4 ACi'S) •N~~ • _ I'~AO_t~5 Deprncia~ric><r~~~ r.~s~t include listed_pt_«pert~!_~. aee instructions.) ----------------_.______._..... _- nA 17 MACRS ctE~:,;'ttict,~s fir ,~z~sfit~_.plac~r(. in ;,Errioe in tax years beginning before 2007 13 If you ark el~~fin~~ -t~_, grc~~ip aiiy~' as~e_ is ~i(ared in service dl.rring the tax yaar into one or mr~rc general ass~at_~cco~ints_.cherk_hErE _~`_ - -~ i~ ~..: 1:7~ .t.~ ~s t~ --- ~~ctrc~n I3-~~~-~sots i~ra~r:d + t ~:~~rvrr:e Durrng 2007 Tax Yea r - r Uarng the G enera! IOeirr~er.Fr~cron :~~_;~tatm ~ _ _ _ ----~ •---- T---[4AontR: and _~ --~-_.. (b) ' (c) E~a::is for depreciation (a) Classification. cf property -year olacc~d In (busih~s~.~n~.estment use _ __ __ service _or:l~r-~-:~eQ_instructions --__.~_-~ (d) ~ac~,en, period - ~ -~ (~) Convention -- ~{---~ ~,.} Prtethod -_ -----__ ___ __ --- (~) =)ap~r~rie;>ion ri~~uction . __, ._.__._._._.-_.._ iga 3-year pror~:rty ~ _ ,.-_- _. .--. I ~ - Y , b 5•~year prcp~erty __ -- ._- . -~--- - -- --~-_ - i ~ ---- -- c : -year property _ --------- ---- --•- d 10-year prop~;rty -.- - - I 1 ..-_ e 15-yeas property - -----+ - __-r..- . • ' -- _ --- -------- - f 20-year property ..-- - ---~ g 25-year property _ _ - 25 rs. - -~ ~/L. ---~-- r--___._... __.- - w-- h Residential rental pr°pE}rty -- -___ _- _ __-_ i Nonresidential real ~ - 2?.5 yr5. 27.5 yrs. ~9 re. ~ y MM MM MM 5/L. _ S/L -- ~_ ---I .~/L _ _ _ -.T ---------------- property MM :~/L Section C-=Assefs-Placed in~ SEr•vice During 2007 ~"ax Year Using the Alternative Depre~ci«tion. ~y5tem 20a Class life ~/l_ _U 12-year _ 12 yrs. 5~'L - c 40-year 40 yrs. MM 5/L Sulmmarv (see instruction 21 Listed property. Enter amount from fine 28 . 22 Total. Add amounts from line 12, lines 1Q• through 17, lines 19 and 20 in column (g), and IinE 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations-see instr. 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N 21 22 ~`~"~~ Form 4562 (2007) Form ~25 Rental Real Estate Income and Expenses of a (Rev. December 2006) Partnership or an S Corporation OMB No. 1545-1186 Department of the Treasury ~ See instructions on back. Internal Revenue Service - Attach to Form 1065, Form 1065-B, o.r Form 1120S. Name ,~ Employer identification number f 1 Show the kind and location of each propeiy. See page 2 to list additional properties. q ------ - ------------------------------ - 2-~ ~' >.,,.~ ~ +~ ~ ~~d~-~~"" ~ ~~.-~T' fir- fi~-t.. + ,{ {,. ~.- ~;: - - -~ ,~, -;~- € ;,~ _ - ~ , g •------~------------ ----------------------- --•------------------ ---------- ------ -------------•------------------------------------------- -~ ~C~ -~ u ~ 3 ~'-i.-L ; cs~~..i ~ ~ ~. Iris- r1 a -~~_ F'ental deal 1'state Income 2 Dross rents 2 Ir'~tnta( Real Estata Expenses t`,dvertisin~~ ' 3 4 P,uto and tr~r-~~~ta 4 5 ~:ieaning and rriaintenarce 5 6 ~;rrrmissic~n5 6 7 6ns~rrance ? regal and c~tner tr~`e5sional fees 8 0 ;n;eri:st 9 10 Repairs 10 11 Taxes . 11 12 L"tilities 12 13 Wages ar~d ,:~alares _ 13 1~ Lel~reciation (see instructions) 14 S Other (list) (~ _ .Q_t=,'~. c.t. ----~----------- -----,.--------- ---- 1 5 Praper~i~~ - A B C - - - --~ i ------------L- - --~--~ --~- - - ~---4 -- ____. _ .-. ~-, ....~_-....._...J._ ---~-- -i,r~ ---{I-- _.T.._______~-._..~~ ._ iii Tctel expensF~s for Qaoh property. ; .~ N ? - Add lines 3 through 15 16 `°. ~"'~"~,' 6 ~ ~'~" ___~___,__'~~ q ~ I ___,~_ I - ~i7 Tota! gross rents. ,add gross rents from line 2, columns A through H ! 17 ~~ ~~~'~ _ i8 Total ex senses Ad t i 18 ~ ~ ~ ~ I ,dotal expenses from Ime 16, columns A through H ,~ ( 1 g fJet gain (Ivss) from Form 4797, Part 11, line 17, from the disposition of property from rental real estate activities 19 20a Net incorne (loss) i'rom rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) 20a t? Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed: (1) Tame (2) Employer identification number -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- -------------------------------------------------- ~ $ 8 ~,. 2i Net rental real estate income (loss). Combine lines 17 through 20a. Enter the result here and en: 21 • Form 1065 or 1120S: Schedule K, line 2, or • Form 1 X65-Q: Part I, line 4 D i For Paperwork Reduction Act Notice, see back of form. Cat. No. 101362 Form 8825 (12-2006) Schedule- K-1 rr'j QO7 (Form 1065) C~~S~J Department of the Treasury For calendar year 2007, or tax 'Internal Revenue Service year beginning , 2007 ending , 20 ~Partrer's Share of Income, Deductions, credits, etc. - See back of form apd separate instructigns. Final K-1 651~a~ ^ Amended K-1 OMB No, 1545-0099 1 +Ordinary business; fncAme QoeS) ~ ia, ~ Creditii 2 Net rental real estat® inopme (loss I ~- ~-~ 3 ~ Other nef rents,) income (lass) 16 ~ Foreign transactions • 4 Guaranteed payments ~ Partnership's employer identification number •- ~ °~ ~j'`~T } S Interest inopme 6 Partnership's name, address, city, state, and ZIR code (G, ~vt-~-l.~ ~`rfj-~,os,,~ 1~ lr~-~ ~ ~ lam. ~'~'f ~- f ~ 6a Ordinary divid¢nc~s i c~i- ; a- ~ L~ ~~ ~- rs~-('~~S ~L ~~k~o~ 6b Qualified dividends - r 7 Royalties C IFiS Center wherepartnership filed return ~ ~~~ U ~ ~`) ~ 8 Nat short-term cppital gain (loss) i . C 1 ^ Gheck if this is a publicly traded partnership (Ply 9a Nit Iona-term capital gain (loss) 1~~~~ 1; Alternative minimu;n tax .i .items ~ `~'i alb CeGoetiblss (2 ~o) 9atln (loss) ~ Partner's identifying number (c~ r _ ~ g _G~ S ~~ -- - ~ - V 9c i I llnrecaptured tioh 1250 gain F Partner's name, address, city, state, and ZIP cod~i ,~,~~- ~ ~ ~ - ~2 ~ ~~1„f 1~ 10 ldat sedtipn 1231 gain Qoss) 18 ' _ Ta~;•~exempt income and rtonJ~uctibie expenses f ~ ~ ~ ~ ~- - 11 ~ Other inporra (loss) , ~- ~ ~ ~- e../~ G ~ Caneral partner or LLC ^ Limited partner or other LL(: member-manager member ~ ~ 18 ~istributigns -i Domestic partner ^ Foreign partner 12 Section 1X9 deduction _ _~ _ ~"r~~`" t~ u+.t~'t-- t What tyae of entity Is this partner? 13 Other deduc qns~."-- .a partner's share of profit; loss, and capital: ~ ~ ~fl QtiYer infgrmation Beginning ending i'mflt d'S ~i ~- ~ g4; . Loss a"~ % a'J~S K Partner's share of liabilities at year end: y4 Self-emplayn'~ent earnings (loss) Nonrecourse . $~ Qualified nonrecourse financing , $ . F3eceurse . $ ~9~ ~ *~.E~ attached ~t~~kemerlt for a ds~itis~nal information.. L Partner's capital account analysis: Beginning capital account ; . , , $ ~"~~ ~ ~ . Capital contributed during the year . $ Current year increase {decrease) . $ ~ ~ ~ $ ~' U; ithdrawals $~ distributions .. $ ~ ~ ° ~~,~3 Ending capital account ~ . $ Tax basis ^ GAAP ^ Sectipn 704(b) bopk ^ Qther (explain) ~ C Q ~ . N ~ - . ~... `p . For paperwork Reduction Act Notice, see Instructigns for Form 1065. -.. Gat. No. 11394R Schedule K-1 (Form 1Q65j 2QQ7 Schedule K-1 Gj n~~ Form 1065) C~SLI department of the Treasury For calendar year 2007, or tax ,ntemal Revenue Service year beginning , 2007 endinn , 20 Partner's share of Incarne, Deduct~Q.ns, credits, G'tC. - See back of forrrt apd se{~arate Instru,tigrys. Final K-1 651,J~07 Amended iC-1 ~ 'OMB No, 1545-0099 1 Ordinary business Income (lo$s) 15. ~ CrQdlts 2 Net rental real .estate incpme (loss ~~-~'-1 3 Other flat ranter Income (loss) 16 Foreign transactions +~ 4 Guaranteed payments A~ Partnership's employer identification n~~mber .. ~°(~ ~'"'~~~ _ _~ = - = - - - ~ 5 Interest inoome dress, city, state, and ZIF o ~dA B Partnership n m e ar a 's ~ (a'~ - ` , Ir'`'+tc-bL - 1 ~~~~~ ~~ ~ t~~ ~ f ~ ~^~~ ~ A ~ ~~ ' 6a Ordinary dfvid®nds - - + , PS ~- o- ~ ~- j L~1` ~ 6b Qualified dividends I I _ _ ___. 7 Royalties C IRS Center where partnership tiled return .. ~---- ~'~'~~~,/~ U S %~C~1r~' 1~ Net short-temp capital ga.fn (!oss) ~ i r -Q ~ ~ D ^ .,heck if this is r. ~pubii¢.) t ado d partr~~~ ..h:p (t~Tr) ~ , " Sa' 9b NQt (ong-term capital gain (lo5,q) ~ ~~~ ,,,' Collectibles (2 ~i6) gfin~ss) 1'7 ( I i ~- ~ Aitdma~:ive minimum tax-(~,~ s;. items ~__~`~ ~~-~--~- ~ Partner's identifying nu~riber ~ t -w~„ -~ _ 9c ~ llnrecaptura~,!'sFptierh 125t! gain ` ± ~ ~ r ------- --1 F Partnr'.g Name, addreaa, ci1v, state, =~-d zar~ cods it] Net S9dtipn 1~~1c}ain (logs) ~~x-Exarttpt inccnte and nc~;nr#eetuctible erpr:ns~ ~ 11~ Other inGOme (loss) , it r t r or eth LC ~d art LLC ~~ Li l t r o ~ G ~ e . t p ne r m enera par ne G member-manager ~reml:,er . `;~-,~ ~~ artric~r ~ I-orei n tn r i hf ti "'aJ i) 2 -----r-~--.-.-r-~--~-- S~atlon 178 d$durtion iii .~ __ ~ bistrbi;tigns -~ t~ p e ames c par _. ;r ._., -- -- _--_---• ~~~ ~'~~ ~~~~~"~ I What type of entity`"isthis partner? i3 Other dedtjctipns __ __ .~_ ._..,_ - _. _ , and capital: 1 partner's share of prefii; bss ,~0 ~. Gther inforrratian , . B®flinning Bn~.in~ Profit ~`.~ ';'o c~ ~ gib Loss r~°~~ % 94, aE ~ Capital ~-,y~ oio _ ___ _ ~ :'~' .~ ~,~ ~ - ' T .,..... .__..__.,_.-.... K Partner's share of liabilities at year end: 14 '-- ~- Self-employment earnings (loss) • Nonrecour~e f . w _~_~_ ,,..,._- ~ _.__ $ C~ualified nonrecourse financing ~ ^: ,__,_.- . . : `~'~ ~ T Recourse ~ .. ,,, .. ._.T._.~ '"S~e atta~h~d ~t~#em®r-t for aAditi~n~l infarmafior.. ,. , ._ . _T.._ L Partner's capital account analysis: ~,,,~d G Q" Beginning capital account ; .. . $ Capital contributed during the year . $ •,• T._.___ Current year increase (decrease) . $ ~ ~~.~a Withdrawals $~ distributions . $ ~ _ 5/~c~o ~~ Ending capital account . $ °~`~`~ SU ^ GAAP ^ Sectipn 704(b) book Tax basis ^ Other (explain) ~ CO ' ~ ~ ~ O ~ For Paperwork Reduction Act Notice, see Instructigns for Form 1065. G;at. No. 113948 Schedule K-1 (Form iQ65) 20ty7 1 w0 (dorm 106 ) ,Department of the Treasury lntemal Revenus Service For calendar year 2007, or tax year beginning , 2007 ending , 20 Partner's Share of Income, Deductions, ~redit$, GtC. - See brick of forrrl and separate instructiglts. 657,~,CI~ Final K-1 ^ Amended K-1 OMB No, 1545-0099 1 Ordinary businea& income (loan) 75. Crgdlt$ 2 Net yenta( real estate incAme (loss ~ ~-~- ~ i 3 Other net' rental incAme .(lor+s) 16 Foreign transa4tions ' . 4 Guaranteed par yments t~ A Partnership`s employer identification numbbr a. - p~~°( ~j'"t~ 5 Interest incp me B Partnership's narnF, address, cit~,•, state, and ZIR code q I (o c~- T ~~~~~j-~„r'A .,f1•~:V f~'~~~~ ~ ~ [~~J'!~-'~" (jvW-1~? 6a Ordinary dividends ~ r Z ~ , - Pi C / s _ ~ ~ ~ a- 5 - 6b -------•- Qualified dividends r _ 7 Royalties •C IRS CAnter where par~n©yrship fi~od return ~ © ~1"'~ ~ tf ~r~1 ( ~ 8 Net shod-tartri capital yai~, (loss) ` ~ i d ^ Check if this is a pvbiiaiy tradsd Partnership (PTP) 9a' Nrt long-t_rm capital gain (io58) ~ ~ ' ~.7 I -~ ,r; -~•~ ~~:t~;r:. vE mir~:;n:.ira tax (ANi'1)-itsms b Colleetif;les (28~/a) ysln (logs) - E Partner's irientifying nurnt;er __ , • ~~ G ,~ ~ _. '~ (~ ~ ~ 9c Unrecaptur,~d s®ctipn 1253 fa n ~ .-_.._._- F Partner's name, addrE~s, ~.ity, state, and %IP code 10 Ne# SeGtign 131 gain (lossj ., 1~~ i I _.__..__..____r._.__ -'wtt-n~bn'Ipt inc:,~mp and nOridw*'aGtabi~ e: t sense ,~ r s 11 Other mgome (;os~) ~r EZ- ~ ~.•.- ~ I - ~' G ~„ GQnor~ partner or ;1t/ ^ Limited partner or other LLC r,_.._ ~_...___..._,,,..._~.._ member-rnanay©r m®mbQr r i 19 ~]istt'~butons Fi ~ Don+.astic partner i~ i-onslgn partner 12 Syetion ? 7.4 deduction "_`~_~ . _^ i What typo of entity is this p3rtue~'? t/`~ ~1 t~ l~ i~/~'j-,i -~-,- 13 Other dsductigns '~ J Partner's sh2.re of prnflt; .ions, and cap;tal: ~ ~ ~0 Qt;-+er irSfonnation fieginNng Ending ~~ ~ a ~ ' ' Frofft `~a '.~ ~ - ~ Loss p~' % ~.~ o~ Capital a~° o,~ T .~^~ ?.~ . ~„ '~ 14 pelf-empl9yment eaFnings (less) ~ - - -^- K Partner's share of liabilities at year end: Nonrcjcourse . $•^ Qualified nonrecourse financing , $ Recourse . ~ 399 ~ "$Ee attached ~t~temerit for a dditi4nai in,Gim~.tian,. L Partner's capital account analysis: ~ ~ D 6eginnin~ capital account . . $ >. Capital contributed during tho year . $ Q Current year'increase (decrease) . $ (~ ~ ~" ~ Withdrawals $~ distributions . $ ~ ~~C ~ Ending capital account . $ a`~~ 5 ? CC Tax basis ^ GAAP ^ Sgctipn 704(b) book ~.. i° Qther (explain) For Paperwork Reduction Act Notice, see instructigns for Form 1065. Get. No. 1'13948 Schedule K-1 (Form iQ65j 20U7 651~0~ Finai K-1 ^. Amended K-1 OMB No, 1545-0099 . Schedule K-1 ~oO~ 4FQrm 10G5) r~epa~nient of the Treasury For calendar year 2007, or tax ~ntPn-,al Revenue Service year beginning , 2047 ending , 20_..._, I~'artner's Share of Income, Deductions, I~redlts, et4. - See back of .farm artd separate instructlcr<s. A~ Partnership's eme~ployer identification number B Parhr~ership's name, address, city, state, and ZIP code s~~J~-~-t-~~ tit/-'f..t-lprr~ ~~ ~ t`~~~ ~' ~ tom. ',"'(p~~~-' ~'pr('L~.-j ~ ~l. '~~kta~i ~: IRti Center ~vh~3re prtnarship filed rgturn ___. _7 C~}ack if this; is a publictly traded partnorchip (P i F~ " ~ h Pa-trer.` i~Jentifj~ir~g number l.__.._.__........,_ ...._. _.--------~--.._,--__._ !~' f artrier's.r„~„~zq~address, city,~state, and ZIP code ~,, ~.. Y 1 ~ Ordinary business Income (Ices) ~ 15. ~ Credits 2 Net rents! Taal estate inCprne (lass ~ ~.a. 3 Other nef rental Income {loss) 18 Foreign transactions 4 Guaranteetl payments S liiterest income ~~~ Ra Ordinary vivid®nds 6b ~ ¢ualified dividends Y ~ Royaltise 8 N6? shci'-tPr;~ capital gain (lrss) ~ i 9a' `Nqt Ions-ta-m ca;,it~l gai~i (Ia;:,Sj ..:y~ Aitamative inlnimun tax (nt4"il is°ms ~~~a~. `. f Co11e^t`bles (2£i~'o) gain ?i,ss) gain 10 ~ lJot section '! 231 gain (loss) 11~ ~ Other income (loss) ~~~ Ci . (a9ne,rai F <~a~cr~er or I_i_C ^ Limited partner or of""er ! l.G mer7~i~ar^rnariager member _ 12 &ection~ deduc;:inn ~~; >,ornt~.ti!a i~artner ^ Fprelgn partner --~- ` ~ '~~ ~ t~~.J~ 1-~- _~_ 13 Other doductign 1 i Wh2"'i t~~pa f Emit;" Is this partner? J Partner's snar€~ cf profit; loss, and capital: -- Beginning finding Prafit ~`~ °~ '~ S °'~' __ _ -~i as ~,a ~ ~ 14 Self-emplpym t ~ K Partner's share of liabilities at year end: Nonrecourse . $• C~uaiitied nenrecourse financing . $ --.-- iS .Tax-exempt inuon-.e and nondetiuctil:Ie exFenses 13 20 (Qth®r information - ~ _- (ipss) ~t iQr additional. information. ~~ " L Partner's capital account analysis: ~ t3eginninq capital account ; .. . $ Capital cont~ihuted during the year . $.r..._.T ~~ ~•.. C~ ~ Current year increase (decrease) . $ $ ~ ~s4 ~ i ~ ~ ons . ---~--- 1fJithc#t~wals & distr9but °1`~ t ~~ ~ Ending capital account . $ ` , _ ^ GAAP ^ Sectipn 704(b) book i b - ^ ti s Tax as Qther (explain) For Paperwork Reduction Act Notice, see lnstructigns for Forth 1065. ~ Get. No. i 1394R Schedule K-1 (Form 1065) 2007 .i 1®~~ U.S. Return of Rartnership Income Forri CNrx~rcrr±eat 4f the Trers..ury For calendar year 2006, or tax year beginning . _ .. _ _ .. _ _ , 20116, ending _ _ _ _ . _ _ _ _ _ , 2wJ_ _ _ _ _ Irtsmal Re~:renue Servire (7~ - $e@ &e state ir-S#RJC~~nS. .._.._.._.,._ __..._ ..~.Q+a A F'r~n~-ipaf business activity Name of partnership _..~_ ~ ~ 4_3 ~!t-~ iRS the ~ l1 C~1~~ ~~1N~1"i/~,~`'L-f %`j 4' G'I,a~°1f~.'r' 4 S ~ ~•~.e.^,~}Jt-~-- _.~_._.._. E riircital prou~;;t er ,entice iabeh Number, street, and room or suits no. If a P.O. ho,', see the is~;t~uctions. } ~,,~ ~,, j °-~ 1~'ther- ~ ~ a 5 LP>- Per Z ~7' wise, - -------- - - ---- C Eusine'ss co::s numbs: print City or town, state, and ZlP code " .~ ~ E r..r type, ~ ~ ~ L4~y ~ ~'L '~ ~ } 0 OMB No. 1545-0099 coos D Employer identiticatlon number E Date business started 3-~a-~`j F Total assets (see the instructions) G C:~i~c,t ~pplcrgbl2 Duxes: (1) ^ Initial return (2) ^ Final return is) ^ Name chane~e F~~ L_; i'~~dress c!-~ange (5) ^ Amended return .. ,;,;r...,.< u4couril:-:y metl~nd: 1 Cash 2 ^ Accrual ; p~ r ,,....--------------------------------- _ I ~~.Irr~Lt?r •:f ~~~nedulFS K.-1..4ttach one for each person who vraa a partner at any time durlr~s~ fih~a ia:. y:;=:r '~...'___..______________________________ . " l;hec.(: ~i ~~~-~-ac'vlf~ Ni-3 r.::-Hired (attach Schedule M-3) . . ^ ~a;~tir~k~. Ir1t'!ur,~u orfly tradF or business income and expenses on ,`fines la through 22 ~:~eEnlr.~, :~nF ttie ;~~~ r; i,.~~:'ons for more fnformatfon. -. -- j---..._ ---___ __ =- _ --- __._..---_ _ .. _ _ ~ : ~ ~.~r~~~s t~o:,oipts-c~.r° sales ~~'` ~ ---._ __...__~.__ _. . Sa }.:':,:; r~~,:'i`.C a.~1t:t ai!uvrances . ih" __..__.._.__..__.._.. _~._..._., '~~ _ S _ _ __ ; _ I :~ ~:>>.:' :;~ ~.~~_~:?,~a .:.r,i~ ~~::hadule A, tine 8y ! '' ~; E ~ ~~`r;~s;: ~'f 1f ii. ~'.'',,`r^a !il•~e 2 from IinF 1 c . ~ i..:? __} ~_ . -- ,i ~_ ;-~; aY:i-:iC:~•,S' ~f~rut?',8 tic-~) from other partnerships, estates, !1t1 lrl.i~xtS (attac~fi Si~ittr;~~lJi' ~ °~_! -._ .~: ',` ~w ' i~:'; f=..,~sr l~,xsfi'~ (~nssi (attach SchEdule F (Forte 10.40)) ' `~~ ~ ~: ..:1 ~.,~,ic ~ llf:-ssj fs•;~~ ~ ; Fvl m 4797, Part Il, fins 1 "I ;att~.ch Force ~75~i) .. j... "~_. _ ~: r~iwe.. i«::oFrr~ (i,:,:;1,) (~~rfiach statement) . ~' _~l. __}'._ .~."`t«"'"~ty•~,'ralli£ (ittE.~): t'ornbine lines 3 throug~~ 7 ~ ---_-- -._._._..___.._ ._.__.....__........_ t ..,. ~ ..~-;.. .~! s ~,. - .;_;~.!;,ri~x:; ..,~ct! 1'.:~:'+,F~~ (of:her than to partner:) (fuss emi~i:~~yn~snt crec[its) . -' ..-...,:- ~ ;` ~: fie: Ct.lr~r~i^te~.r,:i ~r~,~r~~:r~ts to partners I ~...~~,~ .. +~ ~~ ~i'i' P.~.air~.:~l;c.+ rr~?.i~;:~.ranct .. .. .. ~....'~.~.. ~. '~ _ . i~t~ i;~eproc~~}icon=~rr~yfuirad, attach Fom~ 456) ~ ~~~~_._._~ _._.___,._._.. ~ h ..~-r•--- __ y ~~ 1.:;~ ~~;Jr4Ci~ttior? ,r'_?rciried on Schedule A anti e!sewhtre on ret~~rn 'i'8~ ~ ~~c ~~ 1't' f.)epl~:tic~n i~1i~c rio~~ dedfJCt oil and gas deQtetiQn.) ; ;' ._.._. ~ ~ r~~ Retii-er,~-~rl ~fFitnr:, etc. .. r I i~3 ~ ~ ~ c. .~ ~. ;~ ,t ,. , F~rn;~la~.:e ~,~ati-.pro~rams .i ~ . _ ~ , ~ ~ Usher deductions (attach statement) i h~~ _ ~~ Total deductions:_Add the amounts shown in the far right column for line: 9 thro_uph_ =C-__:_ ~ ~1 _ ~~ Ordinary btasiin~ss ir~c;ame (toss). Subtract [fine 21 from line 8 - .~~ ' r~ f_.^= - 1 ~~ _ Credit for federal teiepr,one excise tax. paid (attach Form 8513} ~~-._ _~ ~ _ ._ Ur~der'p~7alties of perjury, l declare that I have examined this return, including acconiaanying schedules and statsrr?ents, sod to the best of my knowledge zrrd h~iief, it is true; correct, and complete, Declaration of preparer (other than ger.Pral partner or limited i,abi;it;r company member manager) is based ~)~n ori~all infocrr+aticirt of which preparer has any knowledge. May the IRS discuss this return ~-•-~ with the preparer shown below (see ~~r~ _~~ _ £: ~~rr ~ ~ 1 ~ ~ '- ~ "' e __ instructioru)1 ^ Yes ^ No aidnature-of~'generai partner or limited liability company member manager ~ Date -~-r ~... -L. _.~.-,~._ r~ Frepare~'s. Date ~ Preparer's. SSN or PT1N _' P6Ed ~ signsture self-employed I~ ^ Frep~rer s USe ~~~ Firm's Hanle (or yaiais'- ' EIN ~ if self-employed); ' _ j address, and ZIP code Phone no. ( ) For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Cat. No. 113902 Form 1 U65 (2006) Form 1065 (2006) gage 2 - • - ~ Cost of Goods Sold see the instructions 1 Inventory at beginning of year. 1 2 Purchases less cost of items withdrawn for personal use 2 3 Cost of labor 3 _ 4 Additional section 263A costs (attach statement) , 4 5 Other costs (attach statement). 5 6 Total. Add {roes 1 through 5 6 _ 7 Inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on rage 1, line 2 8 _ 9a Check ail methods used for valuing closing inventory: (i? ^ Cost as described m Regulations section 1.471-3 ('rid ^ Lower of cost or market as described in Regulations section 1.471-4 -- (iii) ^ Other (specify method used and attach explanation) ~___________________________________________ b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) . ~ ^ c Check this box if the LIFO inventory method was adopted this tax year for any goods Cf checked, attach Form 970). . Is [~ d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership ^ Yes ^ hlo ~ - -- eWas there any change in determining quantities, cost, or valuations Between opening and closing inventory? ^ Yes -,] CNo If "Yes," attach explanation. _ - • - = Other Information _ ~' - rt What~type of entity is filing this return? Check the appl;c<<hi,• box; _ iyes ~~lo - a ^ Domestic general partnership b ^ I]omest~c: limited parn~rshr'p ~~,;'~ ':-~;~~ ; ~- c ~ Domestic limited liability company ~.! ^ Domestic fir~;ited liahi[irv partnership ~,~_~; e ^ Foreign partnership iF ^ Cher ~ ----__--- ~` . 2 P,re any partners in this par<nership also partnerships? _~~~ :3 Guririg the partnership's tax year, did the partnership own ar~y° interest ir7 anothEr partnership or in any foreign - - er;tfty that was disregarded as an entity separate from its owner under Re~;u!ations sections 301.7701-2 and ~ }; (11.7701-3? If yes, see instructions for required attachmEnt __ _ 4 Dfd the partnership file Fon~n 8893, Election of Partnership LevFl T.ax Treutrr:e~nt, or an election statement undr-:r section 6231(a)(1)(B)(ii) for partnership-level tax treatment, thdt is in affect fer this tax year? See Forrrr 8893 far ~ 3~ more details ._ ... - - . _ 5 Dues this partnership meet all three of the following requirements? a The partnership's tote[ receipts ford the tax year vdere less thsn ~25L-,Q00; =- b The partnership's total assets at the end of the tax year ~A~ere !nss than $600,G~?0; and - - -- c Schedules K-1 are filed with the return and furnished to the ~partners,..o.n or before the due date ;including - - extensions) for the partnership return. if "Yes," the partnership is not required to complete Schedules L, M-i, and tvl-2; Item F on page i of Farm 1065; E ~ or item N on Schedule K-1. 6 Does this partnership have any foreign partners? It "Yes," the partnership r-nay have to file Forms 8804, 8805 and ~ ~ 8$13. See the instructions . .. ~ _ - . -. - -- - 7 fs this partnership a publicly traded partnership as defined in section 469(k}(2)'j , ,~ - S t-~as this partnership filed, or is it required to fife, a return under section 6111 to provide information on any reportable i ~ ~ - 9 At any time during calendar year 2006, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as~a bank account, securities account, or other financial account}? See the instructions for exceptions and filing requirements for Form TO F 90-22.1. If "Yes," enter the Hama of the foreign country. - -----------------------------•----.._..---------------~----------------------=------------------------------- 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes," the partnership may have to fife Form 352G. See the instructions , , 1 i Was there a distribution of property or a transfer (for example, by safe or death) of a partnership interest during the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership in the instructions , 12 Enter the number of Forms 8865, Return of U.S. Persons Vl~ith Respect to Certain Foreign Partnerships, attached to this return _ _ ~. Address of designated TMP ` vesignation of Tax Matters Partner (see the instructions) Enter below the generaf~ partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP ~ '~(~~~~ C, ~y~~-~ number of TMP ~ ~ 9~-~d'--~~'~~ _ ~ a-s ~ U-~ U'r f'~Z. t,,~ ~~ .?~ Form '~ ~~Jr (2006) Page 3 Form 1065 (2006) - ~ - Partners' Distributive Share Items Total amount e 1 line 22) a (loss) ( i i b di O 1 , g p ncome ness us r nary 1 -~~ (attach Form 8825) (loss) t t i l l t N 2 . . ncome es a e a rea et ren 2 ross rental income (loss) ~ Other 3 3a . g a from other rental activities (attach statement) b E 3b . xpenses Subtract line 3b from line 3a ss) l i l t t O h 3c N . ncome ( o ren a er ne t c ts t d 4 G 4 N paymen ee uaran 5 ~ `1 f ~ ~ t i t 5 I J . ncome eres n ... dividends dina d O 6 Di id 6a ry s: a r en v ~ b Qualified dividends 6b v lti 7 R 7 es oya ~ ain (loss) (attach Schedule D (Form 1065)) ital h rt t t 8 N 8 erm cap g - e s o in (loss) (attach Schedule D (Form 1065)) it l t t l 9 N 9a ~'~ ~- a ga erm cap ong- a e ain (loss) bCollectibles (28%) 9b g 4 n (attach statement) tured section 1250 U 9c .. g nrecap c 10 Net section 1231 gain (loss) (attach Form 4?9?) i0 11 Other income (loss) (sea instructivns) Type s_______________________________ 11 c ction (attach Form 4562) 179 d d ti 12 S 12 . e u on ec ib ti t 13 C 13a ons r u a on v ense tment interest Ex b I 13b p nves ~ ~ ;section 59(e)(2) expenditures: (ij Type ~- ------------------------------- (2) Amount - i8c(2) D d +~ther deductions (see instrurtio+s) 7-~ ~, ____________ 13d ~ s (loss) from self-~rr;ployment rnin t e 14 N 14a "~=" o g a e a ~' e = ~ b Gross farming or fishing inco+r~e 14b m vs W E c Gross nanfarm income 14c _._ _ _ _ credit' (section 42{j)(5)) ome housin -i 15 L 15a rn g ow nc a credit (other) ome housin bL -i 15b g ow nc enditures (rental real estate) (attach Form 3468) c Qualified rehabilitation ex 15c - . p __________ _ _ s (:;ee instnrctions) Type - d'Other rental rea! estate credi* 15ti __ - U _________ _________ _ . e Uther rental credits (see instructions T e _______________ YP - ---------------- 1.5e ' f Other credits (see instn,tctions) Type - _______________________________ 15f 16a Name ~f country or U.S. possession -------------------------------------------------------____-• ~ b Gross income from all sources 16b artner level c Gross income sourced at i8o ~ p Foreign gross income sourced at partnership level ~ f General limitation - eListed categores (attach statement) - _ d Passive - _ '!5f ___________ ___ __________ ____ Deductions allocated and appcrtivned .at partner level - h Other ense - interest ex 16h e . ---------------------------- g p . ~ Deductions allocated and apportioned at partnership IEVeI to foreign source income L k General limitation - ories (attach statement) - j Listed cate i Passive - 16k 0 _______________ g _______________ ~ I Total foreign taxes (check one): - Paid ^ Accrued ^ 161 m Reduction in taxes available for credit (attach statement) . ~ , . 16m n Other foreign tax information (attach statement) ~ y ' reciation adjustn'ient 17a Post-1986 de 17a. ~! ~ . p , ~ ~ ain or loss b Adjusted 1-!b g . ~ E = as) ~ and letion (other than oil c De 17c . i ~ g . p E roperties--gross income eothermal d Oil as and 17d ~ p , g , g c Q and geothermal properties--deductions e Oil gas 17P a ~ , , . . . . . . . . . . . . . . . . . . f Other AIvIT items (attach statement) 17f e t interest income 18a Tax-exem 18a ~ p '~ t income b Other tax-exem 18b ~ . p c Nondeductible expenses 18c 0 19a Distributions of cash and marketable securities 19a c ~ b Distributions of other property 19b L , 20a Investment income 20a '~ ~ b Investment expenses 20b _ c Other items and amounts (attach statement) . form 1OCJr' (2006) Form 1065 (2006) Page 4 rsis of Net Income I 1 Net income (loss). Combine Schedule K, lines 1 through 11. From. the result, subtract the sum of Schedule K lines 12 through 13d, and 161 1 2 Analysis by (~ Corporate fi) Individual (iii) Individual (active) (passive) (iv) Partnership (v) Exempt organization (vi) Nominee/Other ' partner type: a General partners _ - bLimited partners _ - • Balance Bheets er BOOkS Beginning of tax year End of tax year Assets (a) (b) (c) (d) 1 Cash ~ o~ a` ~'?~ 2a Trade notes and accounts receivable b Less allowance for bad debts , 3 Inventories 4 U.S. government obligations 5 Tax-exempt securities 6 Other current assets (att&cl7 statement) . 7 Mortgage and real Estate loans ~ ~ ~ ~S 8 Other investments (attach statement) sa Buildi gs and other deprE,= fable assets. 1 ~ °I ~'$ o fi So 4 ~ o _ b Less acrumulateo depreciation ~ 1 ~ ~ ~~ G e SS ~ ~'~ ~ ~~;,~ P_ ,~ 7~ ~- 1(?a Depletable assets . _ L} less accumulated der~letion ~ "~ ~ ~ ~ ~' `'~~ ~ q ~''` 1 i Land :(n:~f of any ai~artizatinnj . ` .~?. 1~.a Intangible assets (am~ai•tizahle only) . b Less accumulated amortization --•--- 13 7ttier assets (attach st~:ternent) ° ,~ ~' { O d' I ~'~ ~1 ~ s otal assets . - . Liabiiiti;es~asrai Capital 15 Acco~~rts payable , i 6 Mortgages, notes, bonds payable in Tess than 1 year . 17 Other current liabilities ,(attach statement)~~P~~~~~ 19 98 ! ~~~ 18 All nonrecourse loans ~ ° ~ ~ 7 ~~' O ~'`~ 19 Mortgages, notes;. bonds payable in 1 year or more . 24 Other liabilities-(attach ~tatemPnt) ~~~ 21 Partners' capital accounts ~~ `~ l4' ~~` ~ ~"'~ 22 Total liabilities and ca ita! `~ o l ~ ! ! ~' 8 l ~ l ~. - • - Pecsonciliation of Income (Loss) per Books With Income (Loss) per I~etur~n Dote. Schedule M-3 may be required instead of Schedule M-1 (see instructions)._ _ 1 Net income- (loss} per books ~' ~ $~~ 6 income recorded on books this ysar not 'included 2 Income included on Schedule K, lines 1, 2, 3c, on Schedule l<, lines 1 through 11 (iternize}: 5, 6a, 7, 8, 9a, '10, and 11, not recorded on a l-ax-exempt interest $ _ . _ _ _ _ _ _ _ _ . _ _ ' ~ ~ ~~ --~ books this year (itemize): }~ ,tr'~'r"1-~ ~ s ~ 1'~~`` ~~' ~~ __________. _________ ____.____ . __.__ --- 3 Guaranteed payments (other.than health 7 Deductions included on Schedule K, lines 1 insurance) through 13d, and 161, not charged against ~ 4 Expenses recorded on books this year not book income this year (itemize): included on Schedule K, lines 1 through a Depreciation $ ________________________________ 13d, and 161 (itemize): __ _______________ -- ------------------------------- a Depreciation $ ---------------------------- b Travel and entertainment $ - ------------------------------------ ----------r-- 8 Add lines 6 and "I ______________ ______________________________________________ 5 Add lines 1 throu h 4 . 9 Income (loss) (Analysis of Net Income (Loss}, C~'7- .~ line 1 . Subtract line 8 from line 5 ~~a~ - • - Anal sis of Partners' Ca ital Accoun ts 1 Balance at beginning cf year °11~`)' f~ S Distributions: a Cash . 2 Capital contributed: a Gash °y©' b Property b Property . 7 Other decreases (itemize}:.__________________ - 3 Net income (loss) per books !O~ ~3 ___._.__. 4 Other increases (itemize}: ---------------- -------------•-----.-----.--.--.--.----------_-_-- 8 Add lines 6 and 7 . ---------------------------------------------- 5 Add lines 1 through 4 .. t ° 'o ~ - ~- -' 9 Balance at end_of dear. Subtract line 8 from line 5 _ (° a Form,1065 (loos) 4562 Depreciation and Amortization OMB No. 1545-0172 Form (Including Information on Listed Property) ~oo~ Department of the Treasury Attachment Internal Revenue Service - See separate instructions. - Attach to your tax return. Sequence No. 67 Names} shown on return Business or activity to which this form relates Ident[fying number ~i~`~1 l~r~r~i:ris~ J1~rv~-yc~nr ~,~-~~A~ I~IL ~~~I t I~LN'S~i-1 _ ,L~- ao°i ~{~ ~k'? '~ ~ Election To Expense Certain Proper-Fy Under Section 179 Note= If you have anv listed orooertu. coma/ere Part V before you comolete Part 1. See the instructions for a higher limit for certain businesses . 1 Maximum amount 1 $108,000 . 2 Total cost of section 179 property placed in service (see instructions) 2 3 1'hrc;shold cost of section 179 property before reduction in limitation 3 $430,000 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4 5 Dollar ;imitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions . . . . . . . . . . . . . . . . . . . . . . . 5 (a) Description of property (b} Cost (business use only) (c) Elected cos t 5 7 Enter the amount from line 29 7 Listed F?roaerty . _ . Lines 6 and 7 . F3 Total elected cost of section 179 property: Add amounts in column (c) $ , 9 Tentative deduction. Enter the smaller of line 5 or line 8 9 _ - . 2005 Form 4562 ~o•,~er of disallowed deduction from lirle 13 of your 10 Carr 10 - - . , i 1 3usincss income limitation. Enter the smail~r of business income (not less than zero) er line ~ (see instructions) 11 12 :erection 17 9 expense deduction. F1dd lines 9 aid ~ 0, but do not enter more than Fine i 1 . _ 12 13 Carryover of disallowed deduction to 2C07..~dd lines 9 and 10, less line 12 P 1 3 Nate: Dc: r~!ot use Bart Il or Part Ill below tc„ -listed prope!#y. Instead, USB r''r~l't 1/. _ Special Depreciation ~iiov~+~lnc;e and Clther Llepreciation (Do not inclc~d~ listed property.) (See in~~ructions. 1~~ Spe~i,~l :.~Ilowance for qualified New York Libet~y or gulf Opportunity Zono propeifi,~ (other tha;~ listed ~til°epe~tyj l~l~ced in service during the tax yaar (see instructions) 14 .~__._ 15 Prcpcrhy ~~ubject to section 168(f)(1) election 15 __. ^. 16 Other ciepryciation (includin ACRS) ~ ~ __ _ 16 MACt~S Depreciation~Dc~ neat include listed property.) (See .instructior~s,~_ ___ ~ectinn Q- 17 P~iACFiS c:cductions for assets placed in ~.>ervice in .lax years beginning bafore 2006 17 .-. _._ r:.-. _. 18 if you are electing to group any assets placed in service during the tax year into one or more gena r a i asset accounts, check here - ' _ I~ ['] ~~'~ n~ - _ __ _ _ _ __ 06 Tax Yea c~~an B-Assets-Placed in S~eE-vioe During. 20 ~ __ ~ Se tine i~ r Usinc~ elrEe ral .Depreciati on System _ _ _ (b) Month and (c) Pasts far depreciation (a) Ciassifio~ Lion ;,f property year placed in (biasinass~nvestment use __ - service oni~ -see In,iructions _ ld) Recovary Period _ -~ (e) Convention _ - (fj AAetl~od (g) Depreciation cler9uction i 9a 3-year property b :~-year property _ ~ _ c ;~-yBZr property . _ _ _ d 10-year property r~~~v ~ ~ _ jt~~ S ~ ~3 a". . e 15-year property _ f 20-year property - q 25-year properly 25 r5. 5/L h Residential rental 27.5 yrs. MM 5/L proper y 27.5 yrs. M Ivl 5/L i Nonresidential real 39 yrs. MM 5/L property MM 5/L Section C-Assets Placed in Service Durinca 2006.Tax Year Usin4 the .Alternative Dearecia tion System 20a Class life 5/L b 12-year 12 rs. .5/L c 40-year 4-0 r5. M M ~ 5/L ~~( Summa see instructions 21 Listed property. Enter amount from line 28 21 22 Total. P.dd amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. ~~.~ Enter here and on the appropriate lines of your return. Partnerships and Scorporations-see instr. 22 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562 (2006) 4797 Sales of Business Property OMB No. 1545-0184 Form (Also Involuntary Conversions and Recapture Amounts 00.6 tinder Sections 179 and 280F(b)(2)) Department of the Treasury Attachment Internal Revenue Service -Attach fo your tax return. -See separate instructions. Sequence No. 27 Names} shown on return ,, Identifying number 1 Enter the gross proceeds from sales or ex'~ct'hFanges reported to you for 2006 on Form(s)1099-B or 1099-S (or substitute statement) that you are including on line 2, 10, or 20 (see instructions). 1 ' Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From O~thi,r Than Casualty or Theft Most Property Held More Than 1 Year (see instructions) (a} Description (b) Date acquired (c) Date sold (d) Gross {e) Depreciation allowed or (f) Cost or ether basis, plus (9J Gain or (less) of property (mo., day, yr.) (mo., day, yr.) sales price allowable since improvements and Subtract (f) frosr the sum of (d} and (e) acquisition expense of sate 2 (l~.f ~ 9 lit.. ~2~'!-T1 "7 - (-8 ~ S (~- ~ G ~ ` '~ • ~ ~ '~ ~ ~ o ~ ~ ~~~ l ~ ~ ( 3 Gain, if any, from Form 4684, line 42 3 4 Section 1231 gain from installment sales from Farm 6252, ling 26 or 37 4 5 Section 1231 gain or (loss) from I:k3-kind exrl ranges •irom "corm 8t?24 . . • 5 ___ 6 Gain, if any, from dine 32, from other than casu;~lty or tncft 6 _____ ~ _ 7 Combine lines 2 through 0. enter t:he gain or floss) hera algid on •riie c;~prop;la.e iine as follows: ; ____ ! ~~ ~-~ Partnerships (except elccti-~r~ iart3t p~r•;r±er~hips) ani' S ccrporatic-ns. RFprrt the gain or (loss) followil~g the. instructions for Form i065, ~chECJla K, line i•U, o, t=erm 11205, JLi1LJ:ae K, line 9. Skip lines 8, 9, 11, and 12 beic~w. Individuals, partrars, S z::Pparatd~z shareholders, and aii cthe•r.,,1f line 7 ig zero or a loss, enter the amount from line 7 on ling"11. balo~•r and skip lines 8 and 9. if lira 7 is a =~~ain sr~d you did not have any prior year section 1231 losses, or they vrere recaptured in an earlier year, Qnter the gairl from line 7 as a long-term capital gait? on the Schedule D filed witF.r your return and skip lines 8, 9, 11, and 1?_ below. • 8 Nonrecaptured net section 1231 losses from prior years (sae inst; uctiorrs) • II -`- 9 Subtract line 8 from line 7. !f zero or {ass, enter -0-. If fine 9 is zero, enter the gain from line 7 on line 12 below. If line 9 is more than zero enter the amount from fine 8 on ine 12 below an~~1 enter the gain from line 9 as a ~ ' , long-term capital gain on the Schedule D filet! ~~fithyouur return sQe instructions), ~ 9 _ ~~ ~-) O,;~g~ ~.rramary uatns ana tosses t<see Irlstru~,tlonsJ _ _ t0 Ordinary gains and losses not included en lines 11 tiirouah 16 (include nro^erty hPlri ~ veer nr IP.SC~' ~r -- I .~_~. N ii Loss, if any, from line 7. 11 ( j 12 Gain, if any, from line 7 cr amount from line 8, if applicab;a , 12 _ ~_____ 13 Gain, if any, from line 31 1:3 14 Net gain or (loss) from Form 4684, lines 34 and 41 a 14 _- 15 Ordinary gain from installment sales from Form 6252, lino 25 or•3~a 15 4_ 16 'Ordinary gain or (loss) from like-kind exchanges from Form 8824 , ins _ 17 Combine lines 10 through 16 . 17 i8 For all except individual returns, eater the amount from line 17 cn the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below: a If the loss on Gne 11 includes a loss from Form ~t684, line 38, column (b)(ii), enter that part of the loss hera. Enter the part of the loss from income-producing property ~n Schedule A (Form 1040), line 27, and the part of tfie ' loss from property used as an employee on Schedule A (Forrrr 1040), Tina 22. Identify as from "Form 4797, Tina 18a." See instructions 8a b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on Form 1040, line 14 , 18b ,r.:;,., •,: :a.;. •;;.~` .. t-or •NaperworK Reduction Net Notice, see separate instructions. Cat. No. 130861 Form 4797 (2.006} 8$25 Rental Real Estate Income and Expenses of a (Rev. December 2006) Partnership or an S Corporation oMB No. 1545-11ss - See instructions on back. Department of the Treasury intemai Revenue Service - Attach to Form 1-065, Form 1065-B, ar Form 1120S. Name - Employer Eder;:it`icatiAn number (1j V r-k-~-Z'1, 1~~ ~ N ~.t~', J t~9-y ~'!~ ' J T -~•w~r^~- ~= ~ . ; ~ ,~ ci +-~ ~'-i ~? 1 Show the kind and location of each property. See page 2 to list additional properties. _ R-~-1 l~p !N j 1~3"E. - - r - - ~ l N• .h g-1-0~'~`~1 1? ~ 2-u l S ~ t~ ~'~ 17 ~ I~ R-LJ l~ f~!~ ----- C ---------- -~------------------------~ ---------3------------------------- ~ -----t=LJ 11t- -------~ --- --- ----- ---------------------------------------------------~ ------------ ~--------- -- -------------- Pro~perties _ _____ __ Rental Real Estate Income ~ _ ~+ B ~ ~% _ _~ ~ 2 Gross rents ? ~' ~~ ~ ~ ~ ''~ (~_ - ~•~~ f ~_~ I Ren1:aR Rea! Estate Expensed Advertising .i__~._ -_ ~ __ ____.._.__-- --- Auto and ti'aJk~l ~~~'_t ~_- ~_`~I~ _ _~-- -- Cleaning ana' rrtaintenar~ ~e ~ J _ '_.------ ~ -.- --_.-_i J~._.- -_--- ~.' 5 Commissions' r ~ (__..~._ ~ ~ _~ _i_.. -1----- ' _ ~ ~~ k~'____~__-_ S Legal anr,' ott~e=~ ;rofESSinna! f~:s . ~ __._: _~ r~' ~ " ~~° .-- _ t ~ ~a ~ _--_ ~ v !~_ !_ _~_ 9 Interest " . 9 ~ ~ (~' ~~ __ ~ __ _~--~- _"~_~~ ~ .. -'~. ~ ~~ '~~-' ~ ._ __ _, i0 f~eU~~irs 10 -. ~ ~"~"~ ~tta?~? ~'~ -- ~.-_....~ `~~°__~ •__~. ~~ ~raxes ... ` 11 _._,~-'"1'"! ~ ~"7°~ f ~~~_ ~, ~ ~_! ~' ~-~' =T - 12 l!tilities _ 12 ~ _ -_ 1 ~ ~ '~ ~... ~-.____ ; ~ ?` -- --__- ~ ~.-~ ._.~ o~ '~1fugES anci salaries iS _ -_ -- -_----~--- '!~ Depreciation (see instructions) 14 ~~~°'~ _ ____ ~`~`~~~' _ _ ~~. ~"~~~1Y _-..-- 't s Other' (fist) ® _ ~ r-~~_ _'r1~i,~ - - - .: __~_ ~ o } ~ _ ~~ ~ ~ _ ..Y._._ ,~.. { _,.~ ~_ ~ i ' S Total expenses for ea•~h prapE:rty. i 15 ~ ~ D. ~ ~ I I ~ ~. ~~~ ~ ~ ~Q `~ ~' ~ pdd fine 3 through 15 ~~ _ _._.. ~. 17 Total ,gross rents. Add gross rants from line °?, columns A through I-I . ~ 1~ _ ~~~ ~'~~.. 1$ Total expenses. Add total expenses from line 16, columns A through H 1~3 ~ ~._. i9 -Net gain (loss) from. Form 4797, Part Il, line 'i 7, from the disposition of property frohZ rental real estate activities i9 ~~ 2Qa Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership cr S carporatian is. a partner or beneficiary (from Schedule K-1) 20a b Identify below the partnerships, estates; or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed: (i) Name (2) Employer identification number ----------------------------------------=--------- -------------------------------------------------- ~ q -------------------------------------------------- -------------------------------------------------- O C~ 21 Net rental real estate income. (loss). Combine lines 17 through. 20a. Enter the result here and on: 21 4 • Form 1065 or 1120S: Schedule K, {ine 2, or • Form 1055-B: Part I, line 4 For Paperwork Reduction Act Notice, see back of form. cat. No. 101362 Form $$2rJ (12-2006) Schedule K-1 Coo (Form 1065 Department of the Treasury For calendar year 2006, or tax Intemai Revenue Service year beginning , 2006 end'sng ~ , 20 Rartner'a Share of Income, Deductions, Dredits, etC. - See back of form and separate instructions. ^ Final K-1 6511.06 ^ Amended K-1 OMB No. 1545-0099 1 ~ Ordinary business income (loss) , 15 ~ Credits 2' Net renta4 real estate income (loss oZ- ti 3 Other net yenta! income (loss) 16 Foreign transactions 4 ~ Guaranteed payments A Partnership's emgp~oyer identification number B Partnership's name, address, city, state, and ZIP code ~`~ ~~IC-~-~i 4Yi..La~>c.f1,q~"~ t~r'~' fr'~~-'r' ti` S'ttr.~/~~-- ~ ~ ~_ S E.Ai- Pq Z ~'T - C IRS Canter whore rartnerahip flied return, i] ^ Gheck iT this !~ a puloiiciy traded partnership (P T P) E ^ Tax shelter ragi:..ration nur~zber, if any ~.: F ^ Crhecl; if Form: x271 is aij;~ci-Fed G_ Partner`s iden'~ifying number i :' Partner's narr~n, address, city, slate, and ZIP code 5 Interest incorne ta`1~ ~ _ _ _.____ fia Ordinary dividends 6b I Qualified dividends 7 ~ Royalties { P ~ Net short-term capital ga!n (loss) _~ . Sa 'Net long-term cr.pitai gain (loss- 117"~1,emstive minimum tax ~~M~ hems `~ ~ s __ ! ._._~__ _..___. 9b Collectiblas (liy%) gain (foss) ~~ 9~Unrecaptured section 1250 gain i0 Net section 12.x1 grai-- Coss) I +~' i ~'e~c-sxsmpt income and non~aeductible expenses 11 ~ Other income (lass) ! ~ Genaral partner or LLC ^ Limited partner or otl•+.er LLC ir3 [?istribt+tions member-manager member ~ ^^ J ~ Domestic partner ^ Foreign partner 12 Section 179 deduction j - ---- `/`1 Q t V li~ul)<(r 13 Other deductions i - K What type of entity is this partner? - -- - i ~0 Oti~er information L Partner's share'of profit, loss, and capital: Beginning Ending ~. Loss ~'~ °~ ~?-~ '/-o- ~-- ~ a`S % ~"'~ Capital 14 Self-employment earnings (toss) • M Partner's share' of liabilities at ysar end: - Nonrecourse .. . $ Qualified nonrecourse financing . $ I ~ ' *See attached statement for addii:iona; information. . . $ Recourse M Partner's capita{ account analysis: ~ $ s3 Beginning capital account . . $ ~' ~ /a"3~~ Capital contributed during the year . $ r~~~~ ~ Current year increase (decrease) . $ Withdrawals & distributions . $ c~~'~±1 "~ ~ ~ ` Ending capital account . $ L ((~~ ^ GAAP ^ Section 704(b) book i b ill T IJ... s as ax ^ Other (explain) For Privacy Act and Paperwork Reduction Act Notice, see instructions for Form 1065. Cat. No. 11394R Schedule K-1 (Form 1065) X006 Schedule K-1 . ~oo (Form i 065) Department of the Treasury For calendar year 2006, or tax lntemal Revenue Service year beginning , 2006 ending , 20 Partner's Share of Income, Deductions, Credits, etC. - See back of four and separate instructions. 6 511.0.6 ^ Final K-1 ^ Amended K-1 OMB No. 1545-0099 1 Ordinary business income floss) 15 Credits' 2' Net rental rea{ estate income (loss ~~ 3 ~ Other net rental income Qoss) ~ 16 ~ Foreign transactions 4 Guaranteed payments ' A Partnership's employer identification number ~~ ~ a'~ 9 \ ~ ~'t', 5 Interest income ' B Partnership's name, address, city, state, and ZIP code ~~~ ~~ GitC.t~r N; ~~~~~,,., ~~U ~~n..-f ~ S "~`~ ~•~'~-li--y 1 6a Ordinary divid8nds a- 1 3` s LLB P~ Z ~~' ('~- ~ '~ ~ ° °~ Nr~~~ fib Qualified dividends l C IFS Center where partnership .filed reium ___._ 7 Royalties ~ ~ ~~ ( ~ T _ 8 Net short-term capital gain (loss) 1 R~ ~ ; Check if this Is a publicly traded prtnsrship (PTP) E rr-~~ Tax shelter registration number, if r+ny _ F ~1 Check if Form 8271 is attached 92 , Net.long-terrrt capital~gain (loss) ct _ ~ -' 17 _ Alternative mir:~7~sm t9x (AM7; i~ems 9b Collectibles (28%) gain (loss) _ G • PPartner's Identifying number ~ 9c Unrecaptured section 1250 gain ~ ~±~~ H Fa-tner's name, address, city, state, and ZiP cods ~ ~ f„q ~~ J , ~ ~ ~yC~' 10 Net section 1231 gsin (loss) ~ 18 'fax-exsn-~pt income acid nondeducttbie expanses ~ ~ ~ ~,` ~ ~ ~ 11 .Other fnccmc~ (loss) . ~ _ _ ` ~. General partner or LLG U Limited partner or other LLC member-manager member 19 Distribu~i(ors J ~ Domestic partner ^ Foreign partner 12 Section 179 deduction K What type of entity is this partner? ~ ~\Rt ~~~~~ 13 Other dsducticns L Partner's share of profit, loss, and capital: 20 Other inforrrtation B~gtnning ,,., 'finding Profit ~':~ o~ ~-~ goo Loss ~'--~ °ib •~ o~ Capital ~-.? g!o ~~ % ' W{ Partner's share of liabilities at year end; ~ i4 Self-employment eamirigs (foss) _ Nanrecourse . , , $ Qualified nonrecourse financing , $ Recourse . $ ~ ~ ~~,~ *See attached statement for a dditional informatdon.~ N Partner's capital account analysis: (~ ~.SO Beginning capital account , , $ Capital contributed during the year , $ `~"~`~ Current year increase (decrease)- , $ ~ ~ ~`~ Withdrawals & distributions , $ Ending capital account , $ °°~` ~' ~ ~-~( l!-'i Tax basis ^ GAAP ^ Section 704(b) book ^ Other (explain) >+ p ~ ~ O ~ For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 11394R Schedule K-1 (Form 1065) X008 6 S 11,0.6 Schedule K-1 . ~O~ (Form 1065) ~ Qepartment of the Treasury For calendar year ?_006, or tai; Internal Revenue Service year beginning , 2006 ending , 20 Partner's Share of Income, Qedc~~#ions, Credi#s, etc. - See back of form and separate instructions. A Partnership's employer identification number B Partnership's name, address, city, state, and ZiP code 1 d a-1 a- ~ ~ P'Prz G'T`. C lRS Cente+• tifiere partnership filed retarn _.__ ~~~ ~~ D ^ Check if this is a publicly traded partnership (PTA') E ^ Tax shelter registration number, if uny .__~ F ^ Check.if Form 8271 fs attached ^ Final K-1 ^ Adiended K-1 OMB No. 1545<0099 1 Ordinary business income (loss) 15 Credits 2' Net rental real estate income (loss . a-1^7 . 3 Other net rental income (loss) 18 Foreign transactions 4 ~ Guaranteed payments ~ , 5 interest incomeq ~~ t 8a Ordinary dividends 6b I Qualified dividends 7 ~ Royalties 8 Net short-tens capital gain (loss) ~ i 1 ~~ 9a Net.long-term capital gain ('.oss) 17 alternatir~.+ minimum tax (~h;ll items a'.~ I 9b ~ Collectibles (2i3°~6) gain (loss) G Partner's Ide:'-tifying number ~ 9c Unrecaptured section 1250 gain H Partner's Hama, nddrESS, city, state, and ZiP co:i~~ 10 Net section 1231 gat~i (io:~s) c8 Tax-exempt irrcong ar?d ~ ~ ~~ ~. ~„~,,,~; R R~,,~ J ~: nor'ioiedUCtibie eXpensss ' ~ ~ ~ ,^' t'r ~ ~J ~- 11 Other income (loss) _ _, J 1 ~ ;enerai partner ~or LLG U Limited partnar~or ether LI.C ~{ mambor-r;.~nager member J ~^-•1 Domestic partner ^ Foreign partrtie; 12 Section 179 deduction K What type of entity is this partner? ~~ ~ `~ `~~f~_~ 13 Other deductions t* Partner's share of profit, loss, and capital: Beginning Ensiing Profit d ~ % ~ ~`S % Loss ~ ~.~ % ''L.~ % Capital ~-.~% °~'"~ % 14 Self-employment eaming3 (foss) 19 20 ;Other M Partner's share'of liabilities at year end: Nonrecourss .. . $ . Qualified nonrecoursg financing , $ _ --- Recourse . ~ , , $_ ~ (~ ~ ~~ *See attached statement for additional infarmation.~ N Partner's capital account analysis: ,r 8s7 C~ Beginning capital account : . $ s~ f a y' C ` Capital contributed during the year . $ ~ ~ ' ~ . ' ~ ' Current year increase (decrease) . $ Withdrawals & distributions . $ ~ , ~ ~ ~ ~~~ Ending capital account . $ ~ - L ^ GAAP ^ Section 704(b) book i T b O as ax s ^ Other (axplain) . ' For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1085. Cat. No. 11394R Schedule K-1 (Form 1065) 2006 6 S 11,.0.6 Schedule K-i ~~~ (Form i 065j Department of the Treasury For calendar year 2006, or tax internal Revenue Service year beginning , 2006 ending ; 20 Partner's Share Of Incorme, Deductions, Credits, etc. - See back of form and separate instnsctions. A Partnership's emgployer identification number B Partnership's name, address, city, state, and Z!P code ~~- ~~ i ~~~ N~~r• ~' k'~i1 tr't~-~' ~ ` f ~C~ ~+~'?rf-y ~-1 a- 5 t,.a- Pfl Z G"T- Nvs~~~l C'L• '3 `{ ~ ° ~ C i;~S Center vrhere pa-tnersh~p fife,a return ^0 L~ Check if this Isx p~r`7ii:.iy *.raded !:a;trrersiiip (PTE'} ~ ^ Tax shelter regis!; ation nurnoc~r: if an;' .._.~ - rr_ . . F L_~ Chsc:k if Form A271 i~ uttarhEr: G Partner's identifying .number ' H r'artner`s name, address, city, state, and ZIF' coda ~~ ~-•1 ~'1Ltror'~11~ Ili-2.. ~'~`-. ^ Fnal K-1 ^ Amended K-1 OMB No. 1545-0098 r i Ordinary business income (loss) 15 Credits 2 Net rental real estate income (loss a~g 3 ~ Other net rental income (loss) I. 16 (Foreign transactions 4 ~ Guaranteed payments l ~' '~ 5 Interest income ~~ 8a Ordinary dividends 6b 1 qualified dividends 7 ~ Royalties 8 ~ Net shori-term capital ga'r7 (loss} Ja ' F3et long-farm capital ryain Qoss) ! 17 citemati+ia s5inimurr~ tax (AMT) ~ ~' _ I _ ..r.._ 9b Collectibles (28°r6) gain (loss}~ r i3c (Unrecaptured section 1250 gain 10 (Net section 1231 gain (loss) t 1 l.Other income (loss) 1$ I Tax-e;:ernpt ir-aome and nond~;duciibie ex~nses t ~ Genera! partner or t_LC ~.~ Li-nited partner or other LLC ' member-manager member J ~ Domsstic partner ^ Foreign partner 12 Section 179 deduci1ori r~~~`~ l~v~~- 13 Other deductions K What type of sntity is ti~is partner? - 4 Partner's ~haro of profit,. toss, and capital: Beginning Ending Profit ~ °r~o ~'"~' 9'6 Loss d ~S ~i6 ~' S °r~ ca ital ~ Sr ~ ~s '~ 14 Seif-employment earnings pcss) M Partner's share' of liabilities at year end: Nonrecourse . $ Qualified nonrecourse financing . $ t •,,~ Recourse . $~. 19 {Distributions 24 t Other information ~ *See attached statement for additional inficrmation.~ _~ N Partner's capital account analysis: G ~sG Beginning capital account . . $ i a~~ ~' Capital contributed during the year . $ ~ ~' ~ Current year increase (decrease) , $ Withdrawals & distributions . $ ~ } ~ ~~~~ ~ - Ending capital account . $ y Tax basis ^ GAAP ^ Section 704(b} book ti ^ .Other (explain) For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 113948 Schedule K-1 (Form i nF'.~ "^"° ~65 U.S. Return of Partnership Income OMB No. 1545-0099 Fcrm Depa~-Lment of the Treasury Far calendar year 2005, or tax yEar beginning . _ _ . _ _ _ _ _ _ , 2005, ending _ .. _ . _ . _ .. , 20 _ . _ .. ^ o O ( ~ ) tntarnul Rcvenuo Service (!- See Separate InstrUCtlOnS. [ S A Principal business activity L ~ JJ °ti3 RS the Name of partnership ~, ~ U'G~l~•-4- ~'tl w..l, P'~~, g ~'f'~uG".„r~- ~ ~'i ,~ wP,~/s~'~' D Employer Identification number a'-r? ; c~~1 ~ W3 `'} ~ a Principai product or service Label. Number, street, a nd or suite no. If a P.O. box, see the instructions. room E Date business st arted ~i...},~-L,,,~ Other- wise + ~ n ~ ~ •~'" ~ ~-~7- 1'~~ ~- ~ , a I'~tQT'~-. ~ ~ !~ C Business code number , print City or town, state, and ZIP code F Total assets (see the ~~, J ~ ~ or type. c y*''~ ~ ~ , Q ~ O~r~~~•-) _l1~- - - ~- --- - - - - _ - instructions) $ ~ ~ t' ~ ~ C Cl~eck applicaale boxes: (1) ^ Initial return (2) ^ Final return (3) ^ Narne change (4) U Mddress change (5) ^ Amended return H Chen}: accounting method: (1) ~ Casl-~ (2.) ^ Accrual (3) ^ Other (specify j ~ . _ _ _ . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ ! P.iurrt!~er of Schedules K-1. Attach one for aaah persat ~ who was a partner at any time during the t,x ;rear k- _ _ _ _ ~~'~R- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ C~.t.~tiart. inclu•~e only trade or business i+icc•ma and expenses on lines 1a through 22 below. ^aA tP,n i~strucfions for more information. --i._- _ __,. __ - I 1u Gross receipts or sales is _ _ ~ ~ __ r___. ( .., i_e^•;; retur;~s and allowances ib is i , _-- - ~ 2 C;~~.~: of goods sold (Schedule A., line 8) I 2 - ~ a: ~ ~ r;r~ ,;;s prori` Subtract line 2 from line 1 c ~ ~ . . . . _ ~ ~~• +:;r~inat~J income (loss) from other partnerships, estates, and trusts (attach staterne;~t). 4 •`~ I'`,~t f~.x;r ~ rafit (loss) (attach Sched+~le F (Form 7040) 1 . . 5 j , (i iii'~t r:;stirt (less) from Form 4797, Part II, IIrIP 17 (attach Form 479 6 ~ - Oti-:fir 'income (loss} (attach statement) . 7 - +- :~ '6'ytD1 iil~Utne (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . --- ------- -• g I ----- -- 3 ^aias•ies and wages (other than to panne+s) (less employment credits} . 9 -1 I ~ --- .~ ii: 5 U ta~taranteed payments to partners 10 - ~. 11'i t~epairs and maintenance . 11 __ ~_ ~: 12, [3ad debts 12 -- { _.- ~ (1 ~ ~er it 1 ~ _ --{~ . -- ; ':~• Taxes, and licenses . 14 ~ ~ ~ _. - 1:=~ interest ~ ~ 15 I ~' . I i Ua depreciation Cf required, attar.!; !'orrn 45Ea~) 16a ~ _ ~ ~ ~- - N ~ ~ ~ C'r;,p I ~ c ~ a Le..s depredation reported on .,..I,.,d~ la A and el.,ervhere on return _ _ 1Eb ^~- ~ L..._ 16C r cat 17 Depletion (De not deduct ai! and gas cicple:icm,} 17 1 0 1 U fZetirement plans etc. 18 - ~ , 1U t=mp(oyee benefit programs 19 ~ . ~ 2p Other dzductions (attach statement) 20 `i 7`Qial deductions. Add the aniaunts shown in the far right column for lines 9 th; ough 20 ~_ - 21 _ 22 Ordinary business income (lass). Sub*ract Line 21 from line 8 22 _ Under penalties of perjury, I declare that I hzve 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 general partner or limited liability company member) is based on all fi~ n information of which preparer has any knowledge. Y--~ g t f~e~~ May the tRS ~scuss this return ~~~~ ~ with the preparer shown below (sae ~'~ ~ ~ - Instructlons)9 ^ Yes ^ No ~ i . Date ~ ~rynature of general partner or limited liability company member manager • Preparer's '~ Date ~, r k if he Preparers SSN or FTIN half] . , P e ' signature ., .. self-employed i [] rt:par r s - _ _ ~ ' USe Oft~y~ s name (or yours Firm EIN ! ; if sett-employed), address, and ZIP code Phone no. ( ) I^or Privacy•Act and Paperwork Reduction Act Notice, see separate instructions. Gat. No. 113902 Form 1065 (2005) Form 1065 (2005) Page 2 - • - ~ Cost of Goods Sold (see the instructions) 1 Inventory at beginning of year. 1 _,^ 2 Purchases less cost of items withdrawn for personal use 2 3 Cost of labor . 3 4 Additional section 263A costs (attach statement) 4 5 Other costs (attach statement), 5 6 Total. P,dd lines 1 through 5 ~ 7 inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8 ' 9a Check all methods used for valuing closing inventory: (i) ^ Cost as described in~ Regulations section 1.471-3 (ii) ^ Lower of cost or market as described in Regulations section 1.471-4 (iii) ^ Other (specify method used and attach explanation) -___________________________________________~_._._.___._..__.___._____. b Check this bo>: if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(cj - ^ c Check this box if the LIFO inventory method was adopted this tax year for any goods ~f checked, attach 1=orrrr 970). - ^ d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership?. ^ Yes ^ No ~ Was there a.ny change in determining quantities, cost, or valuations between opening and closing inventory? ^ Yes ^ No if "Yes," attach explanation. __ _ - • Qther Information ^_^~ _ _ 1 `J'Jhat t~rpe of amity i filing this return? Gheck the applicable box: Yes No a I)ornestic genere.f partnership b ^ Domestic limited partners<'~ip ~: ^ D:~rnestic limited liability company d ^ Domestic limited liability partnership (~ Foreigr, p.yrtnerstii;~ f Jther ~*• --------------- ----------------•---•--------------- ;? ,u,re any pa--tr~ers in tftis partnership also partnerships? ~ 8 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign. entity that eras disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and _ 3g1.770i-~3? if yes, see instructions for required attachment 4 Did the partr~ersh~a file Form 8893, Election of Partnership L_avel Tai; Treatment, or an election statement under section 62~?1(a)(1)(~)(ii) for partnership-level tax treatment, that is in effect for this tax year? Ue~a 1=arm 8893 for morn details .. . 5 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year were less than $250,000; b The partnership's total assets at the end of the tax year were less than $600,x00; and c Schedules i'.-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. If "'`tes," the pa.!-tnership is not required to complete Schedules L, M-1, and M-?.; Item F an page 1 ~~f Form 1065; or Item N on Schedule K-1 , 8 Uoes this partnership have any foreign partners? If "Yes," the partnership may have to file Fom~s 8504, 8805 and 8813. See the instructions . 7 Is t'r~is partnership a publicly traded partnership as defined in section 469(k)(2)? . i~ H~~s this partnership filed, or is it required to file, a return under section 6111 to provide information an any reportable transaction? ~ . 0 At any time during calendar year 2005, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? " " ,~ Yes, enter the name of the See the instructions for exceptions and filing requirements for Form TD F 90-22.1. If ic;r•eign countr ~ - -- - - - - -- -- -- - - - - - . , -.. -- --------- -- -- --- - - - - - - -- -- ------------------------------- ------------- i8 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a " the partnership may have to file Form 3520. See the instructions . foreign trust? If "Yes , 11 Was there a distribution of property or a transfer (for example, by sale or death) of a partnership interest during the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching ~' the statement described under Elections Made By the Parfnership in the instructions . 12 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return ~ Designation of Tax Matters Partner (see the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: PJame of t_. Identifying 1 designated TMP ~ ~ ~ 1'1~S ~, ~ U ~~-~-'"~ number of TMP ~ + ~ ~")~~$ ~~ designated TMP ~ ~r~ (~{,,.~„~ ~` ~~. ''~ ~\~ Form 1 O6~ (2005) Form 1065 (2005) P age 3 - . - Partners' Distributive Share Items Total amount line 22) 1 a e 1 siness income (loss) ( di b 1 O i g , p r nary u ( g 2 l real estate income (loss) (attach Form 8825) t t 2 N ~ ~ . ren a e 3a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement). 3b Subtract line 3b from line 3a 3c t rental income (loss} Oth ^ N . er ne c 4 ments d t 4 G N ee pay uaran ~ ome 5 t i 5 I t - J nc n eres , `~ dividends 6a ds: a Ordina id 6 Di ry v en ~ b Qualified dividends 6b v 7 lti 7 R e oya es ain (loss) (attach Schedule D (Form 1065)) 8 ital m ca t-t t h 8 N g p er e s or ain (loss} (attach Schedule D (Form 1065)) 9a rm ital t a t l N 9 g c p ong- e e a b Collectibles (28%) gain (loss) 9b c Unrecaptured section 1250 gain (attach statement) 9c 10 Net section 1231 gain (loss) (attach Form 4797) 10 11 Other income (loss) (see instructions)Type -_______________________________ 11 y 12 Section 179 deduction (attach Form 456?_) . 12 _-. ~ 13a ti t ib 3 C ; ~ ons r u on 1 a ense 13b t interest ex t b I p men nves N Section 59(e)(2) expenditures: (1) ~iype - _ _ _ _ _ _ _ _ _ _ _ _ _ _____ _ _ _ _ _ _ _ _ _ _ _ _ _ (2) Amount - 13c{2) _ _ c D d Other deductions (see instructions) ';~ a g~.~-.__________________________ 13d ___ mEnt 14a ln m self-em l ) fr i N M ~• ~ p y o ngs ( oss et earn 14a 14b income or fishin s farmin b G ._ g g ros ~u E c Gross nonfarm income 14c _~ tion 42(j)(5}) 15a dit i h _ ~ (sec ng cre ous 15a Low-income r) 15b th dit i h ~_ ~ ~ ~ e ng cre (o ous bLow-income ~ ~ 15c enditures (rental real estate) (attach Form 3468) bilit ti h lifi d __ v . on exp a re a e c Qua 15d pe - (see instructions) T dit t t l l ~ j 1 _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ y o cre s a rea es d Other renta V Y _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___ 15e Other rental credits (see instructions) Type - t _ _ _ _ _ _ _ a f Other credits and credit recapture (see instnrctions) Type ~ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 15f :~; 16a Name of country or U.S. possession -_________________________________________________________' y 16b ll f sources rom a b Gross income Q 16c l l t rt d +~ eve . ner pa a c Gross income source ~ Foreign gross income sourced at partnership level ~ f General limitation - 16f ries (attach statement) - t Li t d _ . _ . _ _ _ _ ... _ _ _ . ego s e ca d Passive - _ _ _ _ _ _ _ _ _ _ _ _ _ _ . e i Deductions allocated and apportioned at partner Level E- ~ - 16h hOther - - -- = . ___________________________ g Interestexpense m Deductions allocated and apportioned at partnership level to foreign source income ~ k General limitation - 16k ries (attach statement) !- t d Li t 0 _ _ _ . _ . _ _ _ . _ . _ _ . ego ca s e i Passive - _ _ _ _ _ _ _ __ _ _ _ _ _ _ j u- n taxes (check one): - Paid ^ Accrued ^ 161 rei t f f I T g o o a m Reduction in taxes available for credit (attach statement) _ 16m n Other foreign tax information (attach statement) . __ t 17a t d ~ ~ men jus 17a Post-1986 depreciation a ~ ~ ~ 17b b Adjusted gain or loss ~ ~= 17c d ~ ~ gas} c Depletion (other than oil an E s income 17d ti l y • es-gros proper d Oil, gas, and geotherma ~ C erties-deductions 17e ro thermal d Oil Q . Q p p geo , gas, an e ~ f Other AMT items (attach statement) 17f _ ~ 18a Tax-exempt interest income 18a- a 18b +~ b Other tax-exempt income . ~ 18c ~ c Nondeductible expenses - 0 19a Distributions of cash and marketable securities 19a '~' 19b = b Distributions of other property ` 20a Investment income 20a ~ '~ b Investment expenses "' - 20b . . ~I - - ~ c Other items and amounts (attach statement) ~ ... Form 1 O65 (2005) ~i Form 1065 (2005} Page 4 Anal sis of Net Income Loss j 1 Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d, and 161 ~ . . . . . . . . . . . . . . 2 Analysis by partner type; a General partners b Limited partners (i) Cor orate p (ii) Individual (iii) Individual (active) (passive) {iv) Partnership (v) Exem t organizat on (vi) Nominee/Other Note: Schedules L, M-1, and M-2 are not re aired if Question 5 of Schedule B is answered "Yes." • - Balance Sheets eC BOOkS Beginning of tax year End of tax Assets (a) (b) (c) 1 Cash I 2a Trade notes and accounts receivable , b Less allowance for bad debts . 3 Inventories , 4 U.S. government obligatiarls , 5 Tax-exempt securities , 6 Other current assets (attach statement) , 7 Mortgage and real estate loans . 8 Other investn gents (attach statement} , 9a Buildings and other depreciable assets, 1 ~~ a'~G` ~(~ ~-~'Q b Less accumulated dspreciatien i I ~ o ~a ~ G~ ~-~ a ! !~d' ~l d-~ 10a Depletable gassers . , b Less accumulated depleti:m .,,~ 11 Land (net of any amortization) . ~~i.S~l ~•. , 12a Intangible assets (amortizable only) __ b Less accumulated amortization , 13 Other assets (2ttactr statement) , 14 Total assets , ~ 11, ~ Liabilities and Gapital 15 Accounts payablE . 16 Mortgages, notes, bands payable in less than 1 ear . 17 Other current liabilities (attach statement}p~~~~t.~ •~-~'`~'~ 18 Ai( nonrecourse loans , 19 Mortgages, notes, honds payable in 1 year or more , '1 S °I~ 20 Other liabilities (attach statement) , 0 21 Partners' capital accounts . ~~3 [ a"1'-t t~ 22 Total liabilities and capita! 'y 11 ~ p ! I - • - _ Reconciliation of Inco me (Loss er Books With Income Loss er Return 1 Net income (loss) per books ~ ~ !~S 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, ?, 3c, on Schedule K, lines 1 through 11 (itemize): 5, 6a, 7, 8, 9a, i 0, and 11, not recorded on aTax-exempt interest $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ books this year ;itemize}:-------------------- -----------------------------------------------•- 3 Guaranteed payments (other than health 7 Deductions included on Schedule K, lines 1 insurance) through 13d,_ and 161, not charged against 4 Expenses recorded on books this year not book income this year (itemize): included on Schedule K, lines 1 through a Depreciation $ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ __ _ _ _ _ _ _ 13d, and 161 (itemize): a Depreciation $ ------------------ - ------------------ b Travel and entertainment $ ______________ 8 Add fines 6 and 7 . , _____________________________________________ 5 Add lines 1 throw h 4 9 Income l(oss) (Analysis of Net Income (Loss), / ((e>? line 1 . Subtract line 8 from line 5 [ ~! [d',,~ - • - Analysis of Partners' Ca ital Accoun ts 1 Balance at beginning of year . ~ a~ ~ 6 Distributions: a Cash , 2 Capital contributed: a Cash b Property . b Property 7 Other decreases (itemize): 3 Net income (loss) per books , x ~. 'l 1 1 _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _. 4 Other increases (itemize)- ---------------- --------•---------------------------------------- _ 8 Add lines 6 and 7 , 5 Add lines 1 through 4 a-~~~~, 9 Balance at end of ear. Subtract line 8 from line_5 ~.~ ~-{- (,~, Form ~ Os5 (2005) 4562 Depreciation and Amortization OMB No. 1545-0172 Form (Rev. January 2006) (Including Information on Listed Property) ~ O O Q Department of the Treasury Internal Revenue Service - See separate instructions. - Attach to your tax return. Attachment Sequence No. 67 Name(s) shown on return Business or activity to which this form relates Identifying number Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part 1. 1 Maximum amount. See the instructions for a higher limit for certain businesses. 1 $105,000 2 Total cost of section 179 property placed in service (see instructions) 2 3 Threshold cost of section 179 property before reduction in limitation 3 $420,000 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- 4 5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions 5 (a} Description of property (b} Cost (business use only) (c) Elected cos t 7 Listed property. Enter the amount from line 29 . 7 8 Total elected cost of section i"T9 property. Add amounts in column (c), lines 6 and 7 , 8 9 Tentative deduction. Enter the s>,•naller of line 5 or line 8. .. 9 10 Carryover of disallo~ve~i deduction from line 13 of your 2004 Form 4562 10 _ f i Business interne limitation. Enter th,e smaller of business income (not less than zero) or line 5 (se instructions) 11 '12 Section 179 rxpense deduction. Add lines 9 and 10, but do not enter more than fine 11 , 12 ~ ._ '>!:~ __~arryover of Clsallowed deduction to 2UU6. Add lines 9 and 1 U, less line 12 - i 13 ~ -__ Mote: Do rlat use Fart ?; or Pa!t 111 below for listed property. Instead, use Part V. Special i?epreciation Allowance and Other Depreciation (Do not include liste~ro e ,~ See instructions. 1 ~ ;special allowance for certain aircraft, certain property with a long production period, and qualified NYL ,~r Gl~ Zone property (otl~er• than listed property) placed in service during the tax. year (see instructions) 14 15 Property subject to section 168(f)(1) election 15 16 Other depreciation (including ACRS) i6 ~ ~s'7ry~j IViACFiS Depreciation (Do not include listed property.) (See instructiors.)~ _ Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2005 i 7 V 18 If you are electing to group any assets placed in service during- the tax year into one or more ~ ~ it __ _ general assEt accounts, check here _ ~- ^ Section B--Assets Placed in Service During 2005 Tax Year Using the General ~enreciatiors fivstern (b} h1onth and (c) Basis for depreciation (a) Classification of property year placed in (businessMvestment use _ service onl -see instructions (~ Recovery period (e) Convention t.lethoci ('~ - (g} Depreciation deduction 19a 3-year property b ~-year property c 7-year property _ d 10-year property e 15-year property f 20-year property g 25-year property 25 r5. 5/L h Residential rental 27.5 yrs. MM 5/L property ~ 27.5 yre. MM S/L i Nonresidential real 39 yrs. MM S/L property MM S/L Section C--Assets Placed in Service During 20 05 Tax Year Using the Alternative Depreciation System 20a Class life S/L b 12-year 12 yrs. S/L c 40-year 4.0 rs. MM 5/L ~ Summary see instructions 21 Listed property. Enter amount from line 28 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations-see instr. 22 ~'~ ~ 23 For assets shown above and placed in service during the current year, '~ enter the portion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562 (2005) (Rev. 1-2006) Form 4562 (2005) (Rev. 1-2006) Page 2 Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and i property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section 8, and Section C if applicable. Section A--Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) l4a uo you nave evloence to support the business/investment use claimed? U Yes U No 24b If "Yes," is the evidence written? ^ Yes ^ No (a) Type of property (list (b) Date placed in Business/ investment (d) Cost or other (e) Basis for de reciation P (fl Recovery (~) Method/ (h) Depreciation (i) Elected vehicles first ) service use t basis (business/investment Period Convention deduction section 179 percen age use only) cost 25 Special allowance for certain aircraft, certain property with a long production period and qualified NYL or GO Zone ~ , property placed in service during the tax year and used more than 50% in a qualified business use (see instructions) 25 ..~ ~ ~ a ;; Lb Nroperty used more than 5()% in a oualitied business use: 27 Prooerty used 50% or less in a qualified business use_ S/L - _ IL - 5/L - 28 Add amounts in column (h), fines 25 through 27. Enter here and on line 21, page 1, ~ 28 19 Add amounts in column (i), line 26. Enter here and o_n line 7, page 1. 29 Section B-Info= mation on Use of Vehicles Complete tl}is section for vehicles used by a sole proprietor, partner, or other "more than 5 % o4vner," or related person. if you provided vehicles to your employees, first ans~ver the questions in Section C to see if you meet an exception to completing this section for those vehicles. 30 Total businessCnvestment miles driven (a) (b) (c) (d) (e) (~ during the year (do not include commuting Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6 miles) ~_ 31 Total commuting miles driven during the year - 32 Total other personal (noncommuting) miles driven . 33 Total miles driven during the year. Add lines 30 through 32 , 34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes No use during off-duty hours? . 35 VVas the vehicle used primarily by a rnore than 5% owner or related person? 36 Is another vehicle available for personal use? Section C-Questions for Employers Who Provide Vehicles for lase by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or related persons (see instructions). 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, Yes No by your employees? . .. . 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1 % or more owners " 39 Do you treat all use of vehicles by employees as personal use? . 40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? , 41 Do you meet the requirements concerning qualified automobile demonstration use? (See instructions.) . Note: !f our answer to 37, 38, 39, 40, or 41 is "Yes," do not complete Section B for the covered vehicles. Amortization (a) f ib) Description of costs I Date amortization begins 42 Amortization of costs that begins during your 2005 tax z.. (c) Amortizable amount r (see instru (e) (d) Amortization (fl Code Amortization for period or section ^~~~~~~^~, this year 43 Amortization of costs that began before your 2005 tax year. 43 44 Total. Add amounts in column (f). See the instructions for where to report, q.q. Form 4562 (2005} (Rev. 1-2006) Form .~~Z~ Rental Real Estate Income and Expenses of a Partnership or an S Corporation Department of the Treasury ~ See instructions on back. intema- Revenue Service - Attach to Form 1065, Form 1065-8, or Form 1120S. OMB No. 1545-1186 3005 Employer identification number Name ~ v e~-1-v-~ ~-~l r'~r~' ~!"tfiJ 1r1~~" J~~-w'-- ~-~ ~-~°{ '-F~~-t-1 1 Show the kind and location of each property. See page 2 to list additional properties. ~°` fig' v-~t.~•l!' (',ol~!~A'~'~' ~~~'i~.-'fir-; ~.-~.5 ~--~ ~~-- I`1. ~ !'~ C __113 t'~ F='~r~~'=------------ - - - - - -------------------- ~ --------------------------------------------------- R--t,.9 t~~f~"~----------- p ---------- -- -------------------------------------------------------------------------------------------------------------- tal Real Estate Income Re A B C D n t G 2 `~`~ `~ ° ~ ~o ~~ ~ ~ `'~~ a ross ren s 2 Rental Real Estate Expenses ti i 3 Ad 3 ver s ng l d t A 4 - rave uto an 4 tenance i d Cl i 6 ` ma n ng an ean 5 i i C 6 ----- ons ss omm 6 7 - ~"Z 1 - ~ `-1 l .~"'-11 S''~~~ ? Insurance ofessional fees th l d 8 L 8 _ ~-- l ct~'~ _ - . er pr o ega an t 9 i t 9 --~~ ~ ~ ~' ~ ~~ ~= eres n i 0 R 1 U `~ Ss ~-S a- t1 rs epa 1 1 T 11 i y ~"') ^. I ~ ~"~, i `1 S ") ~ ~ S~ axes 1 2 Utiliti 12 - es i1 ies l d 13 W 13 - 6 ° ~ ar sa ages an structions) i ti ci 4 D 14 - ~~ ~ ~ ~ (`~" `~`~ ~ ~~ on (see n epre a 1 1 ~~~ - ~~~` t 15 Oth li ~ ~'' ~ d, ~ ~ _. . ) er ( s -------------------------------------- 1 5 i 6 Total expenses for each properl~~. ~,~; -~ ~ ~ ~~ ~G o ~ I is -~ ~c~ Add lines 3 through 15 16 ..~ i i Total gross rents. Add gross rents from line 2, columns A through H 17 ~ ~ ~' ~3 18 Total expenses. Add total expenses from line 16, columns A through H 18 ~ ( ~~~~~ 19 Net gain (loss) from Form 4797, Part ll, line 17, from the disposition of property from rental real estate activities • 19 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) 20a b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed: ~(1) Name (2) Employer identification number 21 Net rental real estate income (loss: Combine lines 17 through 20a. Enter the result here and on: 21 /t' j ~~ `'~ • Form 1065 or 1120S: Schedule K, line 2, or • Form 1065-B: Part I, line 4 For Paperwork Reduction Act Notice, see back of #orm. Cat. No. 101362 Form $825 (2005) Schedule K-1 ~00 (Form 1065) Department of the Treasury For calendar year 2005, or tax Internal Revenue Service year beginning __ , 2005 ending , 20 Partner's share of income, Ded~ct~ons, Credits, etC~ r See back cf forrn and separate instructions. A Partnership's em(,p~loyer identification numr~er B Partnership's name, address, city, state, and ZIP code `'>y, V' G~C..I.~ ('~'c. ~ /J2. MAC' ..f' ~ ~t}4 ~''~ c... dTf w~}~' f ~ Pfd' ~-~ ~~ ~ `t t o ~ C iRS Center where partnership filed return D ^ Ci7pck if this '~ rc. i~ublicly ttade.i ~:art~~ership (PTa) it ^ Tax shalt~~r r~gi,tratho-^ number; if any _ ~_.__ F ^ Check if Fom-, L271 is attached G Ptaprtner's identifying number 1 t~~~8-~ ~~~ H Partner's name, Hddress, city; state, arzd ZIP code r _ v_ __ General partner or LI..C ^~^ Limited partner or other LLC member-manager {{----~~ member J ~ Domestic partner i.J 'rorelg;~ partner 65~,1,~5 ^ Final K-1 ^ Amended K-1 OMB No. 1545-0099 1 Ordinary business Income (loss) 16 Credits & credit recapture 2 Net rental real estate income (I 3 Other net rental income (loss) 4 Guaranteed payments 5 Interest Income 6a Ordinary dividends 16 ~ Foreign transactions 6b I Qualified dividends 7 Royalties 8 Net short-tern capital grd~ {lo:~s) _-~~~ ~~~______. ~_. _ _ I _ 9a Net long-term capital gain (Ir?ss) 1?~~A.I'.Finative rinir.~ur~o ta". (r;Mn~~ ems " 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 ~ Net section 1231 gain (loss) iii !Tax-exempt inCCme and nondeduCtibio expenses 11 ~ Other Income (loss) 12 i Section 179 deduction K bVhat type of entity Is this ~,artner7 _ 13 Other deductions L Partner's share of profit, loss, anrJ capital: Beginning Ending _ Protit ~ ~Yo ~ q6 Loss _ _ .~~ % a'J Capital _..,.. ~ `'t' ~_,~ 14 ~ Self-employment earnings (loss) ~~ 'ir 18 !Distributions 20 I Cther Information M Partner's share of Ilabllities at year end: ~ - l~ -1 Nonrecourse , $ 4ualified nonrecourse financing , $ Recourse , $ 1 ~ l a'L.. *See-attached statement for a dditional inforl~ation. N Partner's capital account analysis: Beginhing capital account , . $ ~Qs~ >+ . ~ Capital contributed during the year , $ c Q Current year Increase (decrease) , , $ ~'~~ ~° ~ Withdrawals ~ distributions $ _~ 'x3.4. ' Q Ending capital account : $ ~*O ~3 ~~ Tax basis ^ GAAP ^ Section 704(b) book L ^ Other (explain) For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 11394R Schedule K-1 {Form 1065) 2005 Schedule K-1 ~oO.~ (Form 1065) Department of the Treasury For calendar year 2005, or tax Internal Revenue Service year beginning , 2005 ending , 20 Parkner's Share of Income, Deductions, Credits, @tC. - See back of form and separate Instructions. A Partnership's employer identification number ~-~-a~t~~~~ B Partnership's name, address, city, state, and Z1P coder. ~ ~- c-~c~~~ tt ~. t N~ i'"'~ON`~ I Ham' lfi~r r"f ~. d-~ f t,.~q.n~ a ~--1. a-- ~ ~- IPA z GT G IRS Center ~vhsre partnersl•iip fi//l~e1d/~ return T D ^^ Check if thia is a publicly traded partnership (PTP) E Tax shelter reglstratiort number, If any F ^ Check if FUnn 6271 is attached O Partner's identifying number H Partner's name, addr€ss, city, stet©, and ZIP code 1 -~ ~, ~ ca r-~~c..G- ~~'~. '~ .R.t v ~. ! ~ General partner or LLC ^ Limited partner-or other LLC member-manager member J ~• Domestic partner ^ Fore(gn partner 6.51,105 ^ Final K-1 ^ Amended K-1 OMB No. 1545-0099 1 Ordinary business Income (loss) 15 Credits ~ credit recapture 2 Net rental real estate income (loss ~~~~ 3 Other net rental income (loss) 16 Foreign transactions 4 ~ Guaranteed payments ~ ~ ' 5 I Interest income 6a I Ordinary dividends 6b i C2ualified dividends 7 ~ Royalties li I Net short-term capital gain (loss} f r 9a Net long-te:m capital gain (loss} 17 •Altemative minimum tax (AMT} iterrs 9b Collectibles ( 8°~°} gain (loss) 9c Unrecaptured section 1250 gale 10 ~ Net section 1231 gain (loss) 11 I Other Income (loss) 12 I Section 179 deduction 13 Other deductions K 'ghat type of entity is this partner? L Partner's share of profit, loss, anti capital: Beginning Ending Profit ~! °~ 1 °~' LOSS c~-,? % O"~ °~p Capital _ °~ `~' . 14 Self-employrnent earnings (loss) 18 ~ Tax-exempt .income and nondeductible expenses 19 i Distributions 20 (Other Information M Partner's share of liabilltie's at year end: Nonrecourse . $ '~~ Qualified nonrecourse financing . $ Recourse , $ (S (°I I *See~ attached statement for additional inforlTlation. N Partner's capital account analysts: ~ ~ ~~ l3eginhing capital account . . $ ' ~' the year ibuted durin nr l t it C $ c ~ g ~ r a c ap . ~~ ~~ Current year increase (decrease) , & distributions l Withd . $ $ rawa s , . ~ $ `~ ~ ~ Ending capital account : $~ L - ~ Tax basis ^ GAAP ^ Section 704(b) book O ^ Other (explain) For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 113948 Schedule K-1 (Form 1065) 2005 ^ Final K-1 6.51,1,05 K-1 OMB No. 1545-0099 Schedule K-1 _ ~00 (Form 1065) (S i Department of the Treasury For calendar year 2005, or tax 1 Ordinary business Income (loss) 15 Credits 8 credit recapture Internal Revenue Service year beginning , 2005 _ endlr+g ~ 20 2 Net rental real estate income (loss Partner's Share of Income, Deductions, ~1~~ Credits, etC. - See back of form. and separate instructions. 3 Other net rental income (loss) 16 ~ Foreign transactions • 4 Guaranteed payments A Partnership's employer identification number a--~ ~aO~~ ~''~~ 5 Interest Income B Partnership's name, address, city, state, and ZIP code (~ V GUCL~''~ tt~ t Nt MAf' 1 tW &~1~f`z` ~- d"'rf `"'4'`'°r' a 6a Ordinary dividends ~..- ~, ~- s L~ 6b Qualified dividends ~ _ r 7 Royalties C IRS Centsr where partnership flied return ~`~ ~ /~~ !1 ~ i3 Nst short-term capital gain (loss) Check if this is a publicly traded partnership (PT?) r ^ E Tax shelter registration number, If an;f _ >_ ^ Check if Form 8271 is attachod 9a Net long-term capital gain (loss 9b CaAectlbles (2896) gain (loss) G Partner's identifying number 9c Unrecaptured section 1250 gain ~0o-3~-t~`~~ H Partner's name, address, city, state, and ZIP code 10 Net section 1231 gain (loss) ~~ 't'`~L~ ~ ~ ~~~~~ ~ ~~~ 11 Other income (loss) a.. S ~~ t..L..ts~G- ~ lLl,~ k- I ~ General partner or LLC ^ Limited partner~ar other LLC member-manager member 12 Section 179 deduction J ~ Domestic partner Foreign partner K What type of entity Is this partner? 13 Other deductions L Partner's share of profit, loss, anti capital: Beginning Ending Profit ~ % ~ % Loss d-~ % ~ % Capital ~- % % ' 14 ~ Self-employment earnings (foss) 17 ~ ~ Nternative minimum tax. (AhfTj items 18 ~ Tax-exempt .Income and nondeductible expenses ,~ 19 {Distributions 20 I Other Information M Partner's share of liabiilties at year end: Nonrecourse . $ ~``~ Qualified nonrecourse financing . $ ~~ Recourse . $ (s (~ ~- `See attached statement for ad N Partner's capital account analysis: ~~~{ Beginhing capital account , . $ -?~ Capital contributed during the year . $ ~ ,~~ c O ' Current year increase {decrease) , . $ Withdrawals & distributions . $ ~ ~ . " ~~ ~~ Ending capita! account . $ ' ~ Tax basis ^ GAAP ^ Section 704(b) book L ~ ^ Other (explain) For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Cat. No. 11394R information. Schedule K-1 (Form 1065) 2005 Schedule K-1 ~®(~ 5 (Form 1065 '~+ j Department of the Treasury Far calendar year 2005, or tax Internal Revenue Service year beginning , 2005 ending , 20 Partner's Share of Income, Deductions, Credits, etC. - See back of form and separate instructions. A Partnership's employer identification number B Partnership's name, address, city, state, and ZIP code f', u L~c.~~y tt~. t N~ ~.r- 1tW br1~~"r" ~., d"~f.~^'-4~ C iRS Center where partnership filed return D ^ Check if this Is a. publicly traded partnership (PTP) E ^ Tax shelter reyistratlon number, if any F ^ Check if Form 8271 Is attached L1 Final K-1 6.51,1,05 No. 1545-0099 1 ~ Ordinary business income (loss) ~ i5 ~ Credits i~ credit recapture 2 Net rental real estate income (ios: cfi-~ ~~: 3 4 Other net rental income (loss} Guaranteed payments 5 i nterest income 6a Ordinary dividends 6b C.Quafified dividends 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss 16 ~ Foreign transactions 4 7 ! Alternative minimum tax ~AI~AT} items 9b ~ Collectibles (28~Y6) gain (loss) G Partner's identifying number 9c Unrecaptured section 1250 gale H Partner's name, address, city, state, and ZIP code 10 Net section 1231 gain (loss} 1T ~" ~~ v ~ tP ~. ~ ~w~A- ~ 11 Other Income (foss) ~ ~ ,, p ~rH-c 11l-~ ~~ ~ ~- ~ 1 c.~)r ~~ ~ ~.~ P~ C'1~' 1~ 1 ~ General partner or LLC ^ Limited patner-.or other LLC member-manager member J ~ Domestic partner ^ Foreign partner 12 Section 179 deduction K What type of entity is this partner? -- 13 Other deductions ftaL• ti ca fit l ' . p oss, an , s share of pro L Partner fieginntng Ending Profit ~ ~ ~D Loss d-,S % ~~ %% Ca ital °~ ~ ~ 'O 14 Self-employment earnings {loss) 18 ~ Tax-exempt income and nondedu~fiblq srpenses 19 f C~lstributions 20 1 Cither infomlatlon M Partner's share of 1labilitie's at year end: ~~~ Nonrecourse . $ Quaiified nonrecourse financing . $ ~~ Recourse , $ (~~ ~ a'- ~ '`See attached statement for additional information. N Partner's capital account analysis: ~ ~~ ~ Beginhing capital account . . $ 7'' C Capital cor~trfbuted during the year . $ _ O c~'? ~,~ ~ Cun•ent year increase (decrease) ~ . $ j Withdrawals & distributions . $ Ending capital account . $ ~ ~`'~ ~ ~ o v_ . ~ Tax basis ^ GAAP ^ Section 704(b) book ^ Other {explain} For Privacy Act and Paperwork Reduction Act Notice, see instructions for Form 1085. Cat. No. 11394R Schedule K-1 (Form 1065) 2005 JIJPd-1 1 -201 0 (FRI ) 1 ~; 1 c ORRSTO~~1Pd EAP~K ~; FA:~' 1 i l i X49301 0 R. Ol 0%'021 2.5:32:11 '1'062.0003 ], of 1 6/10/10 Deposit Inquiry - Dale F Shughart Jr Account number: ~,~~ Closed Messages Internet Banking `,r, Last stmt balance: .00 Last stmt dote: 5/02/10 - Current balance: .00 Statement cycle: 31 1=View 6=Print T= Tset Control: From To Posted Check No S T/C Debit Credit Balance 11/01/09 151 .15000000 4,182.21 1.1/30109 160 .50 4,182 .71 11/30/09 151 .15000000 4,182.71 12/31/09 160 .54 4,183.25 12/31/09 151 .15000000 4,183.25 1/31/10 160 .53 4,183.78 1/31/10 151 .7.5000000v 9,183.78 2/28/10 160 .48 4,184.26 151 .1,5000000 ~4: 1~ 3/31/1.0 160 .53 4,184.79 3/31/1.0 151 .15000000 4,184.79 4/13/10 P 160 ~ .21 4,185.00 _ 9 /l3/10 P 050 ~J, 185.00 .00 5/02/10 151 .15000000 .p0 F9=Redsply F6=Bal Inq F7=Scan Fwd FB~Scan Dkwd F11=Prior bal Bottom F15=EFT F16=Sort F17=Top F18=Bottom F19=EDr r20=Unfold F22=T/C F23=Checks ~~`~ E JUPd-1 1 -201 0 ~; FR I ) 1 4 ; 1 ~ ORP,STOt!-I'1 ER~~K (: Ffi 'r') i 1 i 2198010 ?. 021 i 021 0/11/lU Deposit Inquiry ~c, 10:39:35 DalE~ F Shughart Jr Account n ~ ~ umber: ~~ ,~ ~ 4 Closed Messages Iatern et Banking ,~„y 1 of 1 ` Last stmt balance: .00 List stmt date: ~ 5/ 02/10 Current balance: ~ .00 Statement cycle: 31 1=View 6=Print T=Tset Control: From 'I'o Posted Check No S T/C Debit Credit Balance _ 3/12/7.0 5645 P 091 86.74 5,021.15 3/15/10 - P 020 6,113.91 11,135.06 _ 3/17/10 5699 P 090 3,089.28 8,045.78 3/19/10 F 146 252.94 7,792.84 3/23/10 C 163 14, 200.00 2~7. „~__9ga Qe 5650 C 183 63.92 21,928.92 3/23/10 151 .05000000a 21,928.92 3/2~]/~,0 C 163 1, 676.00 23,604.92 3/29/10 5652 P 090 100.00 23,504.92 3/24/10 5653 P 090 1.00.00 23,404.92 3/29/LO 5647 P 090 20.00 23,384.92 _ 3/29/10 5618 P 091 403.06 22,981.86 3/24/10 5651 P 091 50.00 22,931.86 3/25/10 5606 P 091 196.00 22,735.86 More... F~=Redsply F6=Ba1 Inq F7 =Scan Fwd FB=Scan Dkwd F11~Prior bal F15=EFT F16=Sort Fl7=Top Fl$=Ilott om ~~19 =EDI F20=Unfold F?.?_=T/C F23=Checks . ~ ~I i I~ JUN-1 1 -201 Ol`FRI i O9: ~ `rsu9harr Law Office ~;FAk:;~ ~ 1 ~ ~Q1 x021 2n1Q-DQ-13 11:Sa » 7172a1a0~1 ~~~ P OO1/001 P V1 Da1T.EF.S~UG7C,~- a~rroa~va~ a~r law ~awe~ta~taras~r CAS ~vANtA ~~r11 Tetephm~ p~ ~•+os~ >u~ tn~us~an of Na>~i~~ c cans cgi~+x.rcr OONNI6I~C~Y1~ Apxii, l2, 2D10 Cow o~T,~j 24g~B06~ , Larry Lebo Leba's Garage .. A~: Dale shughart's vehicles . . Dear Larry: :. ~ Sollowiag-~ is fide iaformatian fvrappraisal of aa1,e's v~eh,~a~.1es. 200 Ghavrola~ Impala ~ ~~ ~ ' ~ ~ ~ ... ~ ' 2 door Sedan ; ~ ~ ' ~ ' T~.~le ~593~5720802-SH ~ ~ ~ ~ ~ ~ ' License E~C0737 ~ ' 1999 Jeep c!'~ervkae ' ' ~' 122, o0o mi~.e® ~ t ~ 3 ~ ~: SD 7,~9G~5890QCC72098 9 ~'han]c8 for your i~elp. Very txt~.l.y ~ov.r9, .. Saaaie L_ Cole zn~aa~.1Z 15:33 71724~dOZ1 a '~ , ~~a~ uz I V T ~ ~ ,t .' ~ i _~'~ ry 1i. ~ '~ ~~.? i. '~.1'. i.. ,~~ 1 ,~, '' ~- Y t ~ ~ i , ~~ ~ ~ ors ~., ( ` (%~ ~ .K ^ ~. - ~y iw ~'i .~i'..:Iw1 ~. ~~+'tiCfi. .. .. ,~4 1 l ,. ~ ~ ~h %~~~ ~, - APPRAISAL OF REAL PROPERTY i` ~~•~ ~~ ~~ -- t t .; `\ ~, ... LOCATED AT: Rear Whiskey Springs Road Deed Book 280 Page 2559 Boiling Springs, PA 17007 FOR: Estate of Dale F. Shughart, Jr. 25 Rolling Drive, Carlisle, PA 17013 AS OF: March 23, 2010 BY: Susan B. Burkholder State Certified Residential Appraiser, RL-000659-L This appraisal was completed to establish value for inheritance tax Summary Format Form GAi - "TOTAL for Windows" appraisal software 6y a la mode, inc. -1-80(l-ALAMODE LAND APPRAISAL REPORT Fla Nn 051010Soar2 Borrower n.a. Census Tract 126 Map Reference 40-14-0140-002 Property Address Rear Whiske S rin s Road City Boiling Spring_s County Cumberland State PA Zip Code 17007 Legal Description Deed Book 280 Pa a 2559 Sale Price $ n.a. Date of Sale n.a. Loan Term n.a. yrs. Property Rights Appraised ~ Fee ^ Leasehold ^ De Minimis PUD Actual Real Estate Taxes $ (yr) Loan charges to be paid by seller $ n. a. Other sales. concessions Lender/Client Estate of Dale F. Shughart, Jr. Address 25 Rollin Drive Carlisle PA 17013 Occupant Vacant Appraiser Susan B. Burkholder Instructions to Appraiser Market Value Location Urban Suburban I Rural Good Avg. Fair Poor Built Up ^ Over 75% ®25% to 75% ^ Under 25% Employment Stability ^ ® ^ ^ Growth Rate ^ Fully Dev. ^ Rapid ®Steady ^ Slow Convenience to Employment ^ ® ^ ^ Property Values ^ Increasing ®Stable ^ Declining Convenience to Shopping ^ ® ^ ^ Demand/Supply ^ Shortage ®In Balance ^ Oversupply Convenience to Schools ^ ® ^ ^ Marketing Time ^ Under 3 Mos. l~ 4-6 Mos. ^ Over 6 Mos. Adequacy of Public Transportation ^ ® ^ ^ Present Land Use 40% 1 family % 2-0 Family % Apts. % Condo _% Commercial Recreational Facilities ^ ® ^ ^ % Industrial 60% Vacant % Adequacy of Utilities ^ ® ^ ^ Change in Present Land Use ~ Not Likely ^ Likely (*) ^ Taking Place (*) Property Compatibility ^ ® ^ ^ (*) From To Protection from Detrimental Conditions ^ ® ^ ^ Predominant Occupancy ®Owner ^ Tenant 0 % Vacant Police and Fro Protection ^ ® ^ ^ Single Family Price Range $ 70 to $ 500 Predominant Value $ 175 General Appearance of Properties ^ ® ^ ^ Single Family Age 5 yrs. to 100 yrs. Predominant Age 40 yrs. Appeal to Market ^ ® ^ ^ Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise}: Rural area with stable ownershi atterns within reasonable commutin distance to schools sho in and trans ortation. Dimensions Irregular = 4.02 Sq. Ft or Acres Comer Lat Zoning class'rfication Woodland Conservation Present Improvements ®do ^ do not conform to zoning regulations Highest and best use ®Present use ^ Other s ec Public Other (Describe) OFF SITE IMPROVEMENTS Topo Stee Elec. ^ Street Access ^ Public ^ Private Size T ical for the area Gas ^ Surface Shapelrr ular Water ^ Maintenance ^ Public ^ Private Vow Avers e San. Sewer ^ ^ Storm Sewer ^ Curb/Gutter Drainage A ors ode uate ^ Underground Elect & Tel. ^ Sidewalk Street Li hts Is the property located in a HUD Identified Special Flood Hazard Area? ®No ^ Yes Comments (favorable ar undavorable including any apparerrt adverse easements, encroachments, or other adverse conditions): No a areM adverse easements encroachments or other adverse conditions. This lot has no road fronts e. The undersigned has recited three recent sales of properties mast similar and pro>amate to subject and has considered these in the market analysis. The description includes a dollar adjustment reflecting market reaction to those items of signficard variation between the subject and comparable properties. ti a significant item in the comparable property is superior to or more favorable than the subject properly, a minus (-) adjustment is made thus reducing the indicated value of subject; 'rf a signficant item in the comparable is inferior to or less favorable than the subject property, a plus (+) adjustment is made thus increasing the indicated value of the subject ITEM SUBJECT PROPERTY COMPARABLE N0.1 COMPARABLE N0.2 COMPARABLE N0.3 Address Rear Whiskey Springs Road Rear Tower Road Rear Sandbank Road Rear Sandbank Road Boilin S rin s 40-13-126-024A Boilin S rin s Mt. Holl S rin s Mt. Holl S rin s Proxim' to Sub' ct ~'~~.~~'~~'~ ~'~:.,;~'{? ~ `.. `.: `, '. 2.67 miles 4.90 miles 4.93 miles Sales Price n a 3f Gh~; ?~ t1° t ~ ~ ~,..v.-. s.a.''„.~.)w,.ti \ ..Ir.~:'. 19 000 ~ f` t (~f_y 9 ,;~, k'~~6 4.,,~r, 20 000 ~f '2 a/ '~, WMltiP k„t i 'r aJ.J Mr,::~r1` ,,,~.a;,~, c.~ , 20 000 Price er acre fl-;j°d c. ~y~Qlr'r ~l0k t~ ;,~, ,..:~„ ~; ~ ~, , ,+A,-,,, 3 982 'i~ ):rtasr'Afsr 1 f ~s,.. ,.: r~ 2340 .« ~ ':r a , ,; , ` ~ ~'' ? 20 500 Data Source Courthouse Courthouse Courthouse Date of Sale and DESCRIPTION DESCRIPTION + - Ad'ust. DESCRIPTION + - Ad'ust DESCRIPTION + - Ad'ust. Time Adjustment n.a. 2-3-10 9-26-08 9-26-OS Location Avers a Similar Similar Similar S' ew 4.02 acres 5.01 acre -2 000 8.55 acres -9 100 9.75 acres -11 500 Road Fronts a No No No No Stee to o ra h Similar Similar Similar Sales or Financing Concessions Net Ad . oral ~'i7~~4~',Y ~~~'s`~~~~` •ir~:"ij~ ' + 2 000 + - 9 100 + - 11 500 ' Indicated Value of Subject ~ k p via ~}' r t e U t-J.+7iF. u4 r w P+'r°y~ { J ~ii{~~~~'r,~~~;~`~ ~`~~~~~,.kT'3 ~~; Y W+1 t +'~~j`~J1~~:~1:! ,;~~;;,;~,,,;,,,~;x,,,N~,{,~rl,~t~~ ~ ~ir~~" Net~~105 96~.~ $ 17 000 ` ~,. ;;`Net 45.5i%7~~:~~. 10 900 1 ti` 4 7~ ~ T' r S, ~~n y,9~~'rvtu ~i?~71.~jf Rai ;~„ ,A; Net;.57:5`%,„.' S 8,500 Comments on Market D ata: Althou hone or more of the com arable sales are further than one mile for the sub'ec t roe the sales used are the nearest available. Comments and Conditions of Appraisal: Appraised in current condition. Final Reconciliation: With ad'ustments all three com arable sales are acre table for for the direct sales com orison anal sis and confirm m final o inion of value. i ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF March 23, 2010 to be $ 17 000 Susan B. Burkholder. RL-000659-L ^ Did ^ Did Not Physically Inspect Property A praisers Review Appraiser 'rf a plicable lrcnl Diversified Appraisal Services Form LND - "TOTAL for Windows` appraisal software by a la mode, inc. -1-800-ALAMODE Supplemental Addendum Fle No. 051010Soar2 Borrower/Client n.a. Pro a Address Rear Whiske S rin s Raad C' Boilin S rin s Cou Cumberland State PA Zi Code 17007 Lender Estate of Dale F. Shu hart Jr. Additional Comments: One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's area, none have sold recently, therefore, sales in excess of six months old have to be used. All three comparables used were the best available. Although there are other similar home in the subject's neighborhood, none have sold recently. Therefore is was necessary to use sales further than one mile from the subject property. The sales used are the best available. Gross adjustments exceed 25% and net adjustments exceed 15% for one or more of the comparable sales. Although there are other similar homes in the area, none have sold recently. The sales used are the best available. Scope of Work: Scope of work is defined in the Uniform Standards of Professional Practice as being "the type and extent of research and analyses in an assignment " This includes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the property being appraised. Intended User: The Intended User of this appraisal report is the Client. The Intended Use is to evaluate the property that is the subject of this appraisal to estabilsh vale for inhertance tax, subject to the stated Scope of Work, purpose of the appraisal. reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. Privacy Notice: Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisal, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated thins parties, except as necessary or as required by law. Byway of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insure the security and integrity of your information. Signature --,~ ~~ ~ ~ Signature Name Susan B. Burkholder Name Date Signed May 10, 2010 Date Signed State Certification # RL-000659-L State PA State Certdication # State Or State License # State Or State License # State Diversified Appraisal Services Form TADD2 - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE location MaP -ender Estate vt ~~.- - ,~. 1~ ~~ ~ NcAe 51 I_i-=,~`"r=i+_O- ,~} ; ~ sao+-~,,`3' ~ ~p `~ s.i ~ ' l!_~__ `Cf~i.~sttl'~ } s i ~ o~l ti, Hickorytotan,s ~ --__:._.-_ ~1,~-:~'~6 --11Casri~e1,•-}QtF ~ 1~_Ri _ ~~~I ~_~»__ _'6it~ :.__- _ _i_. i~7 ~ 11R~+IMMt ~ _ r +~ S ~ :--~- a 1+-i---r , a`~' ~ . '~ t.t-t_ _ _ ..T ~ _- - _ _ _ _ _ _ -- ~ .. Syr{ - 4 h-=~' I r~ Zt -~ cJ; '~ ` 9, £ :{~ ~-' ~ i u m ~ zi1 a ~ :.: ~. i ~ ,QRS. + -_ca'" ~~{4 a!:_.^' i,~'-~'~, d y,,.~- _ ~SO ~ 3 ~ . ~ .-dl tears D, a u ~r . , , r _.,r._---__-- t.I+r,eetona~a ~~ 1 s ~r ~ ~yc}' d~_ _ - ¢ ~ _ ~ _ ~ , , , Ap>;_ Dr '" t~- -• ,o -_ _ r~_ ~ Goff linM_s . '- ~ o eta hart F~ 44 . ~~ ~ jj-• _.._ ~ lhaliePP~• a $ gitv7__.. --.. 'ga'My 3 ~ _$ _ il•-- - ~, _ II .$ - -~. tea.. p ~3. - '_ .~- -- '• ~' era sh ti 'Fr~ 5~`'~ ~I ~~~ ~'I i ~ ~.~- c+'aa`'~ ~~-~ !I N .~, z .® I a+~~ _ `• , it ~~ ,'1 A.. - --, i , 'h - ~ SV!""'~ - - . ~~ ~ ~~ ~_-' _ Ming Spnn95~ _ --_ ___ `~ iR~S ~ , ' ~ Co}~ ~Cca19f °ead• - . , _ j - ~ ti La1dM1_ Or _ , . - -s'r ,'III 5it~ ~ ~- ' .~ ~~+~ ~: ~ ~,,Dp - .-- - --r- guts Rd~: - _ - _.-~-----,-~-dL_ ,}unction - __ = 9amla ~~ ,,., Sprin9,.p~~•. -'• roes -.,r -i K Sxs•-' -yp~ ~' _ ,. 9R~ _ - b ~~ - i - ~',,'~~ ;~w~ ; in mob,. ~;: ''~ .171`' ~ 1'~ r oH,mless Run _ ,~~ ~ _..r..__4 `rfy ,;a+~`-_ _ _ ___ -~ s` '_;', - I •`~1`~r ,~,tG!i: ~6 : beak ~ e "~d - ~S - _ ~,a ~~ ., - _ ~ a~ ~ ~ ~ a ~: -~i ,, 0 _ i'l ~. `, V~•,~* ~~i010 MiewseRCary X08 pa@ifC.and,orSek ad:sJne. ., L for Windows° appraisal $0~ware by a is mode, inc. --- f -800-ALAMODE Farm MAP•LOC ---'IOTA Comparable Photo Page Borrower Client n.a. Pro a Address Rear Whiske S rin s Road C' Boilin S rin s Coun Cumberland State PA Zi Code 17007 Lender Estate of Dale F. Shu hart Jr. Comparable 1 Rear Tower Road Comparable 2 Rear Sandbank Road Comparable 3 Rear Sandbank Road Form PICPIX.BR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Borrower Client n.a. Pro a Address Rear Whiske S rin s Road C' Boilin S rin s Cou Cumberland State PA Zi Code 17007 Lender Estate of Dale F. Shu hart Jr. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interesl7 (3) a reasonable time is allowed far exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. Na adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third. party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of lt being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show appro>mate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special good Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contdbutory value. These separate valuations of the land and improvements must not he used in conjunction with any other appraisal and are invalid 'rf they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, to>ac substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do east or for any engineering or testing that might be required to discover whether such conditions e>ost Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he ar she considers to be reliable and believes them to be true and correct The appraiser does not assume responsibility for the accuracy of such items that were fumished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided far in the Un'rform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borower, the mortgagee or its successors and assigns; the mortgage insurer, consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10048 6-93 Divers'rfied Appraisal Services Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property far consideration in the safes comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. ti a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, 'rf a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and i believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicin'd}I of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amoum of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specifc mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professienal Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that wen: in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless i have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or an any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared ail conclusions and opinions about the real estate that were set forth in the appraisal report ti I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal repott, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: ti a supervisory appraiser signed the appraisal report, he or she certifies and agrees that I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal repoff, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report ADDRESS OF PROPERTY APPRAISED: Rear Whiskey Springs Road Boilino Springs PA 17007 APPRAISER: Signature: _ ,t ~ ~ „ Name: Susan u tofd~P' Date Signed: May 10, 2010 State Certification #: RL-000659-L or State License #: State: PA F~cpiration Date of Certification or License: June 30, 2011 SUPERVISORY APPRAISER (only If required): Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: Did Did Not Inspect Property rreccie mac ronn 439 6-93 Page 2 of 2 Fannie Mae Form 10048 6-93 Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Sri f ~2:~F~ APPRAISAL OF REAL PROPERTY LOCATED AT: Mountain Road Deed Book 280 Page 2559 Boiling Springs, PA 17007 FOR: Estate of Dale F. Shughart, Jr. 25 Rolling Drive, Carlisle, PA 17013 AS OF: March 23, 2010 BY: Susan B. Burkholder State Certified Residential Appraiser, RL-000659-L This appraisal was completed to establish value for inheritance tax Summary Format .Form GA1- "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE LAND APPRAISAL REPORT Fle No. 0510105 arc 24A ~~ Diversified Appraisal Services Form LND - "TOTAL far Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Borrower n.a. Census Tract 126 Map Refere~rce 40-1~3-0126-024A Property Address Mountain Road City Boiling Springs Courrty Cumberland State PA Zip Code 17007 Legal Description Deed Book 280 Pa a 2559 Sale Price $ n.a. Date of Sale n.a. Loan Term n.a. yrs. Properly Rights Appraised ~ Fee ^ Leasehold ^ De Minimis PUO Actual Real Estate Taxes $ 72.03 (yr) Loan charges to be paid by seller $ n.a. Other safes concessions Lender/Client Estate of Dale F. Shughart, Jr. Address 25 Rollin Drive Carlisle PA 17013 Occupant Vacant Appraiser Susan B. Burkholder Instructions to Appraiser Market Value Location Urban Suburban Rural Good Avg. Fair Poor Built Up ^ Over 75% ~ 25% to 75% ^ Under 25% Employment Stability ^ ® ^ ^ Growth Rate ^ Fully Dev. ^ Rapid ~ Steady ^ Slow Convenience to Employment ^ ® ^ ^ Property Values ^ Increasing ~ Stable ^ Declining Convenience to Shopping ^ ® ^ ^ Demand/Supply ^ Shortage ~ In Balance ^ Oversupply Convenience to Schools ^ ® ^ ^ Marketing Time ^ Under 3 Mos. ~ 4-6 Mos. ^ Over 6 Mos. Adequacy of Public Transportation ^ ® ^ ^ Present Land Use 40% 1 Family _% 2-4 Family % Apts. % Condo % Commercial Recreational Facilities ^ ® ^ ^ % Industrial 60% Vacant _% Adequacy of IJtilities ^ ® ^ ^ Change in Present Land Use ®Not Likely ^ Likely (*) ^ Taking Place (*) Property Compatibility ^ ® ^ ^ (*) From To Protection from Detrimental Conditions ^ ® ^ ^ Predominant Occupancy I~ Owner ^ Tenant 0 % Vacant Police and Fre Protection ^ ® ^ ^ Single Family Price Range $ 70 to $ 500 Predominant Value $ 175 General Appearance of Properties ^ ® ^ ^ Single Family Age 5 yrs. to 100 yrs. Predominant Age 40 yrs. Appeal to Market ^ ® ^ ^ Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, view, noise): Rural area with stable ownershi attems within reasonable commutin distance to schools sho in and trans ortation. Dimensions Irregular = 2.58 Sq. Ft. or Acres Comer Lot Zoning classification Woodland Conservation Present Improvements ®do ^ do not conform to zoning regulations Highest and best use ®Present use Other s ec' Public Other (Describe) OFF SITE IMPROVEMENTS TopD Stee Elec. ® Street Access ®Public ^ Private Size T ical for the area Gas ^ Surface Gravel Shape Irre ular Water ^ Malrrtenance ®Public ^ Private View Avera e San. Sewer ^ ^ Storm Sewer ^ Curb/Golfer Drainage ears ode uate ^ Underground Elect & Tel. Sidewalk Street Li hts Is the property located in a HUD Identified Special Flood Hazard Area? ~ No ^ Yes Comments (favorable or unfavorable including any apparent adverse easements, encroachmerds, ar other adverse condiflons}: No a anent adverse easements encroachments or other adverse conditions. This lot is located on a section of the road that has no winter maintenance. The undersigned has recited three n:cerrt sales of propertles most similar and prD>omate to subject and has considered these in the market analysis. The descdpfion includes a dollar adjushnent reflecting market reaction to those items of signficant variation between the subject and comparable properties. tF a signfflcant item in the comparable property is superior to or monr favorable than the subject property, a minus (-) adjuslmerrt is made thus reducing the indicated value of subject; 'rf a signficant item in the comparable is irderior to ar less favorable than the subject property, a plus (+) adjustrnent is made thus increasing the indicated value of the subject ITEM SUBJECT PROPERTY COMPARABLE N0.1 COMPARABLE N0.2 COMPARABLE N0.3 Address Mountain Road Rear Tower Road Rear Sandbank Road Rear Sandbank Road Boilin Sri s 40-13-126-024A Boilin S rin s Mt. Holl S rin s Mt Noll S rin s Proxim' to Subject rx,s }St ~ ,4; 4' ~ ~`` ''! . , . ,, 2.12 miles 3.39 miles 3.42 miles Sales Price n a. #' k.: Vt".!! 19 000 . . ';; N"{ ;~> ',~:' 20 000 ,'~, },:`~`,,y~,,r,r~'i4~°,°' ,, 20 000 Price er acre ~~ , >r,,~ x,~; `+ 3 982 ~ ,+ ~ ~' "'~r "~ ~ 2340 z~ I " ' ~ ' 20 500 Data Source Courthouse Courthouse Courthouse Date of Sale and DESCRIPTION DESCRIPTION + - Ad'ust. DESCRIPTION + - Ad'us DESCRIPTION + - Ad'ust. Time Adjustment n.a. 2-3-10 9-26-08 9-26-OS ocation Avera a Similar Similar Similar Sit iew 2.58 acres 5.01 acre -4 900 8.55 acres -11 900 9.75 acres -14 300 Road Fronta a No +1 900 No +2 000 No +2 000 Stee to o ra h Similar Similar Similar Sales or Financing Concessions Net Ad'. ota Indicated Value of Subject ~ ~r~) ,~fikyl~~~~Trr`~d~ ~ ' ~~~ + ,J - ; $ 3 000 + - 9 900 ~~11F ~,~~7~4~~~LjY~s~K ,r~~~y~~V ~4FL~j'l ! ~ ~`~{P'\,~'~~ . 7<<~~ ,.~,~~';, ~~,a,~r' . Y~~}',, '~,~ J IVet~ 15 8 %k',:' $ 16,000 , . , Net.,.49.5. %r~ r; 10 100 + - 12 300 S-r S1.;Lj 4'4 ti`~~~~ 1 . ,~". k~,";Net ~6~5~X~ 7 700 Comments on Market D ata: Afthou hone or more of the com arable sales are further than one mile for the sub'ec t roe the sales used are the nearest available. Comments and Conditions of Appraisal: Appraised in current condition. Final Reconciliation: With ad'ustments all three com arable sales are acre table for for the direct sales com orison anal sis and confirm m final o inion of value. 1 ESTIMATE THE MARKET YALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF March 23. 2010 to be $ 16 000 Susan B. Burkholder, RL-000659-L ^ did ^ Did Not Physically Inspect Property A raisers Review Appraiser (if a licable Supplemental Addendum Fie No. 051010Soarc 24A Borrower/Client n.a. Pro a Address Mountain Road C' Boilin S rin s Cou Cumberland State PA Zi Code 17007 Lender Estate of Dale F. Shu hart Jr. Additional Comments: One or more of the comparable sales are older than six months old. Although there are comparable properties in the subject's area, none have sold recently, therefore, sales in excess of six months old have to be used. All three comparables used were the best available. Although there are other similar home in the subject's neighborhood, none have sold recently. Therefore is was necessary to use sales further than one mile from the subject property. The sales used are the best available. Gross adjustments exceed 25% and net adjustments exceed 15% for one or more of the comparable sales. Although there are other similar homes in the area, none have sold recently. The sales used are the best available. Scope of Work: Scope of work is defined in the Uniform Standards of Professional Practice as being "the type and extent of research and analyses in an assignment." This includes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the property being appraised. Intended User: The Intended User of this appraisal report is the Client. The Intended Use is to evaluate the property that is the subject of this appraisal to establish vale for inhertance tax, subject to the stated Scope of Work, purpose of the appraisal. reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. Privacy Notice: Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with alf providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of the client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisal, we may collect what is known as "nonpublic personal information" about you. This information is used to faalitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal is to be maintained in strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information for unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with our professional standards insure the security and integrity of your information. Signature -~~r~,c£e~~ Signature Name Susan B. Burkholder Name Date Signed May 10, 2010 Date Signed State Certification # RL-000659-L State PA State Certification # State Or State License # State Or State License # State Diversified Appraisal Services Form TADD2 -'TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Location Map Borrower Client n.a. ' Pro a Address Mountain Road C' Boilin S rin s Cou Cumberland State PA Ta Code 17007 Lender Estate of Dale F. Shu hart Jr. i t ' I ; ; I ' ,. ~ . _i~~ ~~-College=-' :Carlisle +y~..-'- " -~ ~ ~~ 9~ r~ - slr~lY ItRU' DIY L ~`.E Nonti 5~: ~M . Barracks ,e x~ ~ - - -:..•2 -: >_- „ice-~-;i ~ _. Golf Course ~. `o ~ ar _ ~~- ~,-. ~ ~--=-~'={,-T-~~-.x~_~Carlrsle 1-=' ~.i ~o F; "' ~ sre 3 'T*-~ij~--N':C~U' .i ~1-[-r _a ~Qa... 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Pro a Address Mountain Road C' Boilin S rin s Cou Cumberland State PA Z~ Code 17007 Lender Estate of Dale F. Shu hart Jr. ~~ ~~~ - ,r ~i' ~~~~ r, ,: ~i_,r1. Subject Front '' ~ ,~ ~~° ~ '' ~' ~' Mountain Road ; , ~l~rn. 14 ~ l'3`i,' , r. ' .j ~~~~ ., r~ .7 Subject Rear I I~~ ,~ ,~ ~ . ~ „ ~ , Subject Street L , ~ ~ } k S 1 .y ,,,,} .±t ~ ~y tit `; :~, ~: r t.. '~. "F.-'u ~"fA~ s .K Form PICPD(.TR - "TOTAL for Windows" appraisal software by a la made, inc. -1-800-ALAMODE Comparable Photo Page k , ; • .~~ • ; Comparable 1 `~,:,, ~'~ Rear Tower Road ~, •`' `i. ~; - -,~-~~ .~,, Comparable 2 ,~ }~ ~'`~ " ~ Rear Sandbank Road ,~ '~ _ ~. a ;. x' .. '. "~~ .. +N. .~-~~~^ ,'~F "~..: ~~ti.' v .,~.~- ., ~- Comparable 3 _~^.~~~~=.xw. Rear Sandbank Road ~~. . ,~,,, -'~.•. d1 ~ . M '11~' .~ ~~ •~ 9 ~. .~ R Form PICPIX.BR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Borrower Client n.a. Pro a Address Mountain Road C' Boilin S rin s Cou Cumberland State PA Z Code 17007 Lender Estate of Dale F. Shu hart Jr. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of titre from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should appro>amate the market's reaction to the financing or concessions based on the appraiser's judgement. I STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: ~, 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show appro>amate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has na knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, to>ac substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the properly. The appraiser will not be responsible for any such conditions that da e>ast or for any engineering or testing that might be required to discover whether such conditions exist Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a worlonanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client spec'rfied in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower, the mortgagee or its successors and assigns; the mortgage insurer, consultants; professional appraisal organizations; any state or federally approved financial institution; or any departrnent, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10048 6-93 Diversified Appraisal Services Form ACR -"TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of signirfcant variation. ti a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, 'rf a signthcant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the properly. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amourd of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specfc valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vlciniiy of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extend that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that wen: set forth in the appraisal report. ti I relied on significard professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report I certify that any individual so named is qualified to perform the tasks. I have not authorized arryone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take na responsibility for it SUPERVISORY APPRAISER'S CERTIFICATION: fi a supervisory appraiser signed the appraisal report, he or she certifies and agrees that; I directly supervise the appraiser who prepared the appraisal repoff, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am tatting full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: Rear Whiskey Springs Road, Boiling Springs PA 17007 APPRAISER: SUPERVISORY APPRAISER (only if required): Signature: Q _ Name: Susan u o Date Signed: Mav 10, 2010 State Certification #: RL-000659-L or State License #: State: PA Expiration Date of Certification or License: June 30, 2011 Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: Did Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 10048 6-93 Form ACR - "TOTAL for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE Statement Dale F Shughart Bradley Gerlach Combined Account Portfolio 10 W High Street Period: 01/01/2010-03/23/2010 Carlisle, PA 17013 Created: 06/08/2010 ., PA 717-240-0803 Holdings by Investor Dale F Shughart Acct Name:DALE F SHUGHART JR 10 W HIGH STREET CARLISLE PA 17013-2922 Acct No:4N2292718 Acct Type:lndividual Rep. No:OXK Asset Name Ticker Asset Type Mgt. Name Quantity Price($) Value($) BAC CAP TR II GTD CAP SECS % BAC.PRV BONDS 500.00 23.22 11,609.95 BERKSHIRE HATHAWAY INC DEL CL BRKB US STOCKS 150.00 82.33 12,349.50 B NEW BP PLC SPONSORED ADR BP NON-US STOCKS 100.00 57.95 5,795.00 BROKERAGE MONEY MARKET CASH BROKERAGE 42.69 1.00 42.69 MONEY MARKET CARLISLE COS INC COM CSL US STOCKS 3,600.00 38.68 139,248.00 CATERPILLAR INC DEL COM CAT US STOCKS 200.00 62.41 12,482.00 DOW CH EM CO COM DOW US STOCKS 300.00 29.97 8,991.00 HEWLETT PACKARD CO COM HPQ US STOCKS 100.00 53.15 5,315.00 JOHNSON & JOHNSON COM JNJ US STOCKS 100.00 65.36 6,536.00 LOEWS CORP COM L US STOCKS 100.00 37.47 3,747.00 PIMCO FDS GBL MLT FDA PGMAX BONDS PIMCO AND 127.33 11.13 1,417.14 ALLIANZ FUNDS PIMCO TOTAL RETURN CLASS PTTAX BONDS PIMCO AND 1,469.28 11.05 16,235.51 A ALLIANZ FUNDS ROFIN SINARTECHNOLOGIES INC RSTI US STOCKS 300.00 22.02 6,606.00 COM SPDR DOW JONES INDL AVRG ETF DIA US STOCKS 100.00 108.87 10,887.00 UT SER 1 TEAM INC COM TISI US STOCKS 100.00 16.73 1,673.00 Account Total: $242,934.79 Incomplete if presented without accompanying disclosure page Page 1 of 9 Statement Dale F Shughart Bradley Gerlach Combined Account Portfolio 10 W High Street Period: 01/01/2010-03/23/2010 Carlisle, PA 17013 Created: 06/08/2010 ., PA 717-240-0803 G ~ ~ ~Y~IY ~ ,LV~' Acct Name:IRA FBO DALE F SHUGHART J R PERSHING LLC AS CUSTODIAN 10 W HIGH ST CARLISLE PA 17013-2922 Acct No:4N2279384 Acct Type: Retirement Account Rep. No:OXK Asset Name Ticker Asset Type Mgt. Name Quantity Price($) Value($) 3M CO COM MMM US STOCKS 54.00 82.35 4,446.90 APPLE INC COM AAPL US STOCKS 45.00 228.36 10,276.20 BERKSHIRE HATHAWAY INC DEL CL BRKB US STOCKS 200.00 82.33 16,466.00 B NEW BROKERAGE MONEY MARKET CASH BROKERAGE 4,733.15 1.00 4,733.15 MONEY MARKET CIT GROUP INC BONDS 20,000.00 0.67 13,310.80 INTERNOTES INTERNOTES 6.150% 06/15/22 B/EDTD 06/01/07 CLB CIT GROUP INC COM NEW CIT US STOCKS 122.00 38.99 4,756.78 CIT GROUP INC NEW SECD NT BONDS 1,423.00 0.96 1,385.80 SERA 7.000% 05/01/13 B/EDTD 12/10/09 CLB CIT GROUP INC NEW SECD NT BONDS 2,135.00 0.94 2,033.82 SERA 7.000% 05/01 /14 B/EDTD 12/10/09 CLB CIT GROUP INC NEW SECD NT BONDS 2,135.00 0.93 1,995.39 SERA 7.000% 05/01/15 B/EDTD 12/10/09 CLB CIT GROUP INC NEW SECD NT BONDS 3,558.00 0.91 3,271.98 SERA 7.000% 05/01/16 B/EDTD 12/10/09 CLB CIT GROUP INC NEW SECD NT BONDS 4,981.00 0.91 4,545.30 SERA 7.000% 05/01/17 B/EDTD 12/10/09 CLB DAVIS NY VENTURE A NYVTX US STOCKS DAVIS FUNDS 1,053.74 32.28 34,014.60 EAGLE HOSPITALITY PP PFD US STOCKS 200.00 0.35 70.00 FEDERAL NATL MTG ASSN NON-CLASSIFIED 40,000.00 1.00 40,050.00 FANNIE MAE INVTNTS BDS 6.250% 04/18/31 B/EDTD 04/21/06 CLB INTUITIVE SURGICAL INC COM NEW ISRG US STOCKS 25.00 348.97 8,724.25 LANDSTAR SYS INC COM LSTR US STOCKS 100.00 42.22 4,222.00 MFS TOTAL RETURN FUND A MSFRX US STOCKS MFS 1,235.09 13.60 16,797.18 MICROSOFT CORP COM MSFT US STOCKS 104.00 29.88 3,107.52 NOBLE CORPORATION BAAR NE NON-US STOCKS 172.00 40.35 6,940.20 NAMEN -AKT PIMCO FDS GBL MLT FDA PGMAX BONDS PIMCO AND 852.11 11.13 9,483.94 ALLIANZ FUNDS THERMO FISHER SCIENTIFIC INC TMO US STOCKS 125.00 50.85 6,356.25 COM Incomplete if presented without accompanying disclosure page Page 2 of 9 Statement Dale F Shughart 10 W High Street Carlisle, PA 17013 Bradley Gerlach Combined Account Portfolio Period: 01 /01 /2010-03/23/2010 Created: 06/08/2010 ., PA 717-240-0803 Account Total: _.... Acct Name:IRA FBO DALE F SHUGHART JR PERSHING LLC AS CUSTODIAN ROTH ACCOUNT 10 W HIGH ST CARLISLE PA 17013-2922 Acct No:4N2279269 Acct Type: Retirement Account Rep. No:OXK Asset Name Ticker Asset Type Mgt. Name Quantity Price($) Value($) ACCO BRANDS CORP COM ABD US STOCKS 21.00 7.36 154.56 AMERICAN FUNDS GR FND OF AGTHX US STOCKS AMERICAN 92.30 28.49 2,629.68 AMER A FUNDS BERKSHIRE HATHAWAY INC DEL CL BRKB US STOCKS 50.00 82.33 4,116.50 B NEW BROKERAGE MONEY MARKET CASH BROKERAGE 370.67 1.00 370.67 MONEY MARKET CISCO SYS INC COM CSCO US STOCKS 190.00 26.64 5,061.60 FORTUNE BRANDS INC COM FO US STOCKS 97.00 49.80 4,830.60 Account Total: $17,163.61 Investor Total: $457,086.47 Incomplete if presented without accompanying disclosure page Page 3 of 9 JUN-09-20101;k~-ED;~ i5. ~~ ~hughart Law Office ~;FR'~) i 1i2Q1~0~1 p O09,jO1~ 'For tho Account of: DALE FSHUGHART PS FBO DALE' F. SHUGHAR7' JR ~^,, Acaaunt Number. 70 07 rsaS a oT ( Date; OCTO6ER 01, 2009 • DEGEMBEA 37, 2009 OxxsTOwiv FINANCIAL ADVISORS A Traditzorc of Excellence OA>_E 1=, SHUGWA1:iT JR, ESO 10 WEST H14M STFICCT CARLISLE pA 17013 ~~'lk~ ;I IJ~ ' 1F 1 yl •' o•'n . ra• 1 h: 1 A < •111 l . X1'4 J 1: J t J '! 11 tJ I' IJ I : ' J I' ' i' ' ~ yt ,' • "J "' i;' ' M { .' "' I' ~ I 1 1 ' ' J•" : I ;~ ~+ d dl;ll+lt {)f , I I .~I~1; a .'a1:l~y~,aT • ~~i .~ 1 ;1F 1., ., ~ I r {.14,{•r. ~ {,;Ir~,d:' >t, 11•~rk•14 r;df4•l :' ~I;uy:, r•d:a.•r h.1+U.t.atr,,{.: ~I tit V >f..•:• I:, n• ~, 1 ~ , ~1; ~;.,;~ ;~. ;~~ 1 f#~' ~~~~ ~ I ;a ~ ~~ j' ~;; ~ ~ k~ 'a~ ~l{ {. ~. ~• .~t/!~~h'~~~ la~l ~~i'' . ~~~~~tls~ I~' ; •I~Ij;•. I1c , I; .I,.. ~I~ .~~A~~~~Ir.~.. ++'~'Ip7~i1~~~l!l'I I~~~~,I,jl ~ : j,)p..~~,',tl ~ ~'I~ ~ p;.~l~ y . ~~111~/;L~+?~'~i' .'~.r)17:1..I~G-~at~~!P~ M ~ t';;ti I' ~ Fq ' ~I ;:r j~n ~r~ .',~: I .: ~:. ~ .. .......... .. . .. . . Wj,:11JAC1t~>e11G~~:EW~''~'r Ll:~:~lii~.l~~~:. -. -- - -- . ~ -- . - - ~ ~ ~...~,... , ~ .... - - ll. ,1 j ,,~~, ~Il ~~IR~Iw~;; ; p~,Il ~ ~;,, ~;; N~; ',. ..... ........u.u.u+.w.....r~..r.u..~..w.......... r,N i, ~ i......r.y,...,.gin.•~IM ~ ~h D~ 41~t ~~ h11~YlJ l Yi,li~'.i:i~llil ~HLb~ Asset Class Markot Valuo 9b CAShI & ~DUIVAl.~NYS ~ 10,572.31 7.86 FIXCD 1NCOMESECURITIES ~ 15,75o,Ta 11.78 '~•7dx EQUITICS ~ 107,725.88 ao.34 ~. ... • .~~ , ~; ~ `„~~~h,R;~,~y;6,~'rer, 7,ea1i Totai lnvc9tmont9 734,088.94 100.00 .. ~ ~ .. ~ . ~... ~ ~ ~ Accrual Inl~omo Ba,83 ..: ~ . .. ..... ~ :. :.~ ~.: .: ,. ~ . Tat~11 Account 134,153.77 eo,aax I ........................... _.,.r .....r.......~.......-.,....................................nn......v.,.c.....,..n,.p...ur,.,~.,a,rrn,nr,h„P.n.,•...vnr•.an,.. ~r9,~rrn•rntn•n~TrrlN,rvq.".n•nPrn.n~S,rrr~w•rn~ nPfN,Iy~nrv,NVVs Curront Porlod Yoar•TaDate Beginning Voluo at Markot 728,40.34 90.43T.81 income and Other Receipts 981.34 ~ 15,5RO-'f 2 Cxpartses and Other Disbursements -240,77 -783,05 InvestmQnl Purchases I Deposits I Withdrawals ~ ~q.OQ ~ ~ 0.00. Accaunl Approclatlon / Oepreclat(on 4,561,D3 ~ 26,89•,10 Ending Valuv at Markat 134,088.84 ~134,OB8.84 Fagg 1 +fCNTI.N aaaaaa~y~y ~ o~o~oo~ozo~or:~a;aor~g~naae JUN-11-20101FRI;~ 14:11 ORP,STO~A~N EP,PdK i.FR';)il i249801Q ~'~~`-- P. Qlii021 5/11/10 Loan Inquiry 1Q:44:40 Dale F Shughart Jr Loan num er_~: 2X6080' L Messages Credit Lime Internet Ban3cing 1 of 1 original balance: 36,000.00 Payment amount: -.00 Current .balance: 28,976.33 Nex~ti due date: 0/00/00 Control: From To 1=View 6=i~rint T=TS Posted effective Due DatE: Src T C Affects Amount Balance 2/12/10 2/11/1.0 ~ ooee9 C N .00 34,078.x0 2/19/10 2/],9/10 3/04/10 C 00010 C Q 1.,078.10 33,000.00 3/11/10 3/11/10 G 00470 D P 89.28 33,089.28 3/12/10 3/11/10 G 00889 C N .00 33,089.25 _ ~3 ~ 3/17/10 4/01/10 C 00010 C Q 3,089.28 ~ 0 000.00 X1/09/1.0 4/09/10 G 00470 D P 90.61 30,090.61 X1/12/10 4/09/10 G 00889 C N .00 30,090.61 _ X1/30/10 4/30/10 9/30/10 C 00010 C Q 600.00 29,490.61 5/11./1.0 5/11/10 G 00470 D P 85.72 29, 576.33 5/12/1.0 5/11/10 G 00889 C N .00 29,576.33 _ 5/27/10 5/27/10 6/01/10 C 00010 C Q 600.00 28,976.33 6/01/10 6/01/1,0 G 00469 D FE 1.0.00 28, 976.33 Bottom F4=Redisplay F5=Rate/Status chg L'7=Scan forward FB=Scan backward F11=Sort F13=A11ocation Hilt F14=Esc Only F24=More Keys JUN-11-~010(FRI J 14; 1,~ ORRSTO~ifd EAPdK 6/11/10 Dale F Shughart Jr Control: From Posted Effective 12/28/09 12/28/09 1/08/10 1/08/10 1/22/10 1/22/10 2/05/10 2/05/10 2/19/10 2/19/10 3/05/10 3/05/10 3 ~ ~~7 n, 3/19/10 4/02/10 4/02/10 ~l/16/10 4/1.6/70 9/30/1.0 4/30/10 5/19 /10 5/1.4/10 5/28/10 5/28/10 ~;FA;~)717249E010 Lazsn Inquiry , ' ~~,1~., Loan number- ~~ Messages AFT Cr Internet Banking Original balance: 60,000.00 Payment 3rnount: ~ ~~ Current balance: 33,483.83 Next due date: Due Date 12/25/09 1/08/10 1/22/10 2/05/10 2/19/10 3/05/10 3/1.9/10 4/02/10 4/16/10 4/30/10 5/14/10 5/28/10 I' o _ Sre T C Affects r• 0034 ~. C Q F 00341 C Q F 00341 C Q F 00341 C Q F 00341 C Q F 00341 C Q F 00341 C Q ~, 00341 C Q F 00341 C Q F 00311 C Q F 00391 C Q r 00341. C Q Amount 252.94 252.94 252.94 252.94 252.94 2 52.94 252.94 252.94 252.94 252.94 252.94 252.94 F9~Redisplay F7=Scan forward FS=Scan backwazd F13=Alloca~~lon ~Iist F14~Esc Only F17=Top P. 001 ;`002 10:44:50 80600 L 1 of 1 25'.94 6/11/10 1=View 6=Print T='~'~ Balance 35,393.58 35, 221.95 35, O~19.93 34,877.51 . 34, "104.10 34, 531..49 34 357 34,183.87 34,009.46 33,834.65 33,659.49 33,483.83 Bottom F11=Sort F24=More Keys i ~~ / V. ~I' \,~ V OMB Approval No. 250?.-0265 Settlement Statement (HUD-1) FINAL ~ A ~ . ~~~~~ ~4..M i ~~ File Number: 7. Loan Number 6 8. Mortgage Insurance Case Number: 1. ^ FHA 2. ^ RHS 3. ®Conv. Unins. . DS1221 N-010D083040 4, ^ VA ~. ^Conv. ins. Note: This form is furnished to give you 2 statement of actual settlement costs. Amounts paid to and by the settlement agents are shown Items marked C . "(p.o.c)" were paid outside the closing: they are shown bare for intormational purposes and are not included in the totals. . D. Name 8 Address of Banawer: E. Name 8 Address of Setter: F. Name & Address of Lender: Antonio Vigilante, Mary Ann Vigilante Estate of Dale F. Shughart, Jr. Sidus Financial LLC 44 South East Street, Carlisle PA 17013 C10 of Hamilton C. Davis, PO Box 40, Shippenstwrg, One Bedford Farms, Suite 100, Bedford NH PA 17257 0311 D G. Property Location: H. Settlement Agent: I. Settlement Date: 14/22/2010 25 Rolling Drive Delta Settlement Services, LLC Disbursement Date: 10/22/2014 Carlisle, PA 17013 Cumberland County, Carlisle Borough place of Settlement: TifleF~cRress ReMax Delta Group,1909 Rimer Hwy, Ste 1, Carlisle PA Print 10/22/2010 at 9:23 am 17D13 by GMG .. . Gross Amount Due from Borratnrer 100 400. Gross Amount Due to Seller . 101. Contract sales price 149,941.00 4D1. Contract sales price 149,941.00 102. Persons ro ri 402. Personal ro 103. Settlement charges to borrower (line 1400} 5,757.76 403. 104 4D4. 105. 4D5. Ad'ustments for items aid b seller in advance Ad ustments for items aid b setter in advance 106. Cityftown !axes 10!22(2010 to 12!3112010 90.75 406. Cltyftown taxes 1x2212010 to 12131/2010 90.75 107. County taxes 10122lZD10 to 12!3112010 58.06 407. County taxes 1012212010 io 1213112010 58.06 108. School Taxes 1012212010 fo D613012011 1,1$4.14 408. School Taxes 10!2212010 to 06!3012011 1,184.14 109. 409. 110. 410. 111. 411, 112 412 120. Gross Amount Due from Borrower 157,031.77 420. Gross Amount Due to Seller 151,273.95 200. Amounts Paid or in Behalf of Borrower 3D0. Reductions In Amount Due to Seller 201. Deposit or earnest money 2,000.OD 501. Excess deposit see instructions) 202. Prindpal amount of new loan(s) 119,950.00 502. Settlement charges to seller (line f400) 10,559.61 203. Existin b s taken sub'ect to 503. Existin loo s taken sub'ect to 204. 504. Payoff of first mortgage loan to Orrstown Bank 27,080.37 205. 505. Payoff of second mortgage loan to Orrstawn Bank 31,797.87' 206. `~• 207. Page 2 credit from seller''"' 2,OD0.00 507. Page 2 credit from seBefi '' 2,000.00 208. 508. 209. `~. Ad'ustments for items un id b se0er ustments for items un aid b setter 210. CltyRown taxes to 510. Cilyftown taxes to 211. County taxes to 511. County taxes to 212. Scholl Taxes to 512. Scholl Taxes to 213, 513. 214. 514, 215. 515. 216. 516. 217. 517, 218. 518. 219. 519. 2x0. Total Paid b r Borrower 123,950A0 520. Total Reduction Amount Due Seller 71,437.85 300. Cash at SeWement iromfto iorrower 800. Cash at Settlement tolfrom Setter 341. Gross amount due from borrower (line 12D} 157,031.71 601, Glass amount due 1o seller ({ine 4211) 151,273.95 302, Less amounts paid bylfor borrower (line 220) 123,950,00 602 Less reductions in amount due serer (line 520) 71,437.85 303. Cash ^X From ^ To Borrower 33,081.71 603. Cash ^X To ^ From Setter 79,836.10 ! Y Q i 011 O ! PK OT i9.DCY N9y U1{t IdRt 4f1Hff H ~iSD~t-i l LDnln11V Yi6d OM9 Dalifd f1YDlbOf. ND ConiWerYWpY 13 LSSY!!~ Wf GLSdOIYR k 11GDdilDly. Thl! IS deslgllEtl 10 p10Vid! U0 QOfGei ID ! I~$PA DDYQfld ltlntadion MAt QI(Dff11iN0D Urine Na Previous editions are obsolete Page 1 of 4 }1t1D-i 700. Total Real Estate Broker Fees $ 8,996.46 Paid From paid From Division of commission Iine700 as follows: Borrower's Seller's 701• $3,748.52 to B-H Agency Real Estate Funds at Funds at 742. $5,247.84 to ReMax Delta Group, Inc. Settlement Settlement 703. Commission paid at seEtlement 8,996.46 704. Broker Fee to ReAAax Delta Group, Inc. 195.OD 800. Items Pa ble in ConnecEion with Loan 801. Our origination charge (Indudes Origlnalion Point °k or $0,00) $2,418.94 (from GFE #1) 8D2. Your credit or charge (points) for the speafic interest rate chosen $-1,466.99 (from GFE #2) 8D3. Youradjusted origination charges (from GFE A) 951.95 804. Appraisal fee to Street (.inks $395.00 P,O.C. B (from GFE #3} 805. Credit report to Credit Plus (from GFE #3) 50.00 806. Tax service to from GFE #3 807. Flood certification to CBC Innovis (from GFE #3) 6.00 808. Ysp Compensation to Cod Financial Mort a e Services, Inc. $1,466.99 900. Items R wired b Lender to be Paid in Advance 901. Daily interest charges from from 10122/2010 to 11101!2010 @ $14.16081day (from GFE #10) 141.61 902. Mortgage Ins. Premium for months to (from GFE #3) 903. Homeowner's insurance for months to (from GFE #11) 448.00 ' 904. months to from GFE #11 1000. Reserves De osited with Lender 1001. Initial deposit for your escrow account (from GFE #9) 772.04 1002. Homeowner's insurance 4 months $ 37.331month $149.32 1003. Mortgage Insurance months $ 0.00/month $D.00 1004. Property Tax 10 months S 63.751month $637.50 ~* iD05. County Property Tax months $ O.OOlmonth ~~~ 1006. School Taxes 6 months $ 142.931month $857.58 *~ 1007. Aggregate Adjustment $-872.36 1100. Title Cha es 1101. Title services and lender's title insurance (from GFE #4} 1,393.75 1102. Settlement or closing fee to Delta Settlement Services, LLC $150.00 »~ f 103. Owner's title insurance - Frst American Title Insurance Company (from GFE #5) 150.00 1104. Lender's title insurance - Frst American TIUe Insurance Company $1,183.75 1105. Lender's title poky limit $119,950.00 Lender's Poicy 1106. Owner's title policy limit $149,941.00 Owners Policy 1107. Agent's portion of the total title insurance premium $1,069.94 110$. Underwriter's portion of the total title insurance premium $263.81 1109. 1110. Notary Fee to Ga M. Gutshall $40.00 1111. Courier Fee to FedEx $20.00 1200. Government Recordin and Transfer Char es 1201. Government recording charges {from GFE #7) 150.00 1202• Deed $62.00 Mort $88.00 Release $0.00 *•~ 1203. Transfer taxes (from GFE#8) 1,499.41 1204. City/County taxlstamps Deed $1,499.41 Mort a $0.00 1205. State Taxlstamps Deed $1,499.41 Mo $0.00 1,499.41 1206. Deed $0.00 Mort a e $0.00 1207. 1300. Addittonal Settlement Cha es 1301, Required services that you can shop for (from GFE #6) 1302. WaterlSewer Final to Carlisle Borou h Tax Account 63 74 1303. to $ . 1304• to 1305. to ~ r ' ' r ~ 5,757.7tt 10,559.61 'Paid outside of closing by (B~rrower, (S)eller, (L)ender, (I)nvestor, Bro(l~er. Previous editions are obsolete Page 2 of 4 HUD-1 Com arison of Good Faith Estirrrate (GF and HUD-1 Cha es Cha es That Cannot Increase HUD-1 I`ine Number Ourorigination charge #801 Your credit or charge (pants for the specific interest rate chosen # 802 Your adJusted originafwn charges #803 Transfer taxes # 1203 Cha es That in Total Cannot Increase More Than.10% Govemmeni recording charges # 1201 Appraisal fee # 804 Credit report # 605 Flood certification # 807 Title services and lenders title insurance # 1101 Owner's title insurance # 1103 ~. - ,. Cha es That Can Change Initial deposit for your escrow akx;ount # 1001 Oaity interest charges from #901 $14.16061da Homeowner's insurance # 903 Loan Terms Good Faith Estimate HUD•1 ,418.94 2,418.94 -1,467.01 -1,466.99 951.93 951.95 1,499,41 1,499.41 Good Faith Estimate HUD-1 150.00 150.00 390.00 395.00 5a.oo So.DD 6.00 6.00 1,452.75 1,393.75 0.00 150.00 2,048.75 2,144.75 $ 96.OD o r 4.6658°k Good Faith Estimate HUD-1 3,002.62 772.D4 155.77 141.61 600.00 448.00 Your initial loan amount is x119,950.00 Your ban term is 30. years Your kritial Interest rate is 4.2500% Your initial monthly amount owed for principal, interest, and any mortgage $590.08 includes insurance is Q Principal 0 Interest Mortgage insurance Can your interest rate rise? XI~ No. ^ Yes, it can rise to a maximum of %. The first change will be on ! / and can change again every years after 1 I .Every change date, your interest rate can Increase or decrease by °~. Over the life of the loan, your interest rate is guararrteed to never be lower than % or higher than °~. Even ff you make payments on Ume, cart your loan balance rise? 0 No. ^ Yes, ft can rise to a maximum of $ Even ff you make payments on time, can your rrtdnthly amount owed'for XO No. ^ Yes, the first increase can be on ! I and the monthly principal, Interest, and mortgage insurance rise? amount owed can rise to $ The maximum it can ever rise to is $ Does your loan have a prepayment penalty? XC~ No. ~ Yes, your maximum prepayment penalty is $ , Does your loan have a balloon payment? 0 No. ^ Yes, you have a balloon payment of $ due in years on ! 1 Total monthly amount owed tnduding escrow account payments ^ You do not have a monthly escrow payment for items, such as property taxes and homeowner's insurance. You must pay these items directly yourself. ~.F You have an additional monthly escrow payment of $244.01 that results In a total initial monthly arnount owed of $834.09. This includes prinapa~ interest, any mortgage insurance and any items checked below: Property taxes XQ Homeowner's insurance Flood insurance 0 School Taxes Q ^ Haile: rr you nave any questions aoout me Settlement Charges and Loan Terms listed on this form, please contact your tender. Previous editions are obsolete Page 3 of 4 HUD-1 .~ HUD CERTIFICATION OF BUYER AND SELLER I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts arsd disbursements made on my account or by me in this transaction. I further certify that I have received a copy of tha HUQ1 Settlement Statement . ~ ~.~ _~,,• Antonio Vigilante ,~ Mary Ann Vi t me Estate of Date F. Shughart, Jr. ' ' 1 ~....1 Agent: Laura A. Williams Title: Co-Executor Agent: Hamilton C. Davis Title: Co-Executor Agent: ,. The HUD-1 Settlement Statement which 1 have prepared is a true and accurate account of this transaction. t have caused or will cause the funds to be disbursed in accordance with this statement. ~\ A a 'V~ ` ~ SETTLEMENT AGENT DATE WARNING: IT IS A CRIME TO KNOWINGLY MAKE FALSE STATEMENTS TO THE UNITED STATES ON THIS OR ANY SIMILAR FORM PENALTIES UPON CONVICTION CAN INCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEE TITLE 18: U.S. CODE SECTION 1001 AND SECTION 1010. Previous editions are obsolete Page 4 of 4 HUD-i AGRRF~MENT THIS AGREEMENT, dated this 2nd dad of March, 2010, the undersigned Dale F. Shughart, Jr. (hereinafter "Dale") and Bonnie L. Coyle (hereinafter "Bonnie"). The parties have operated under an Employment Agreement dated July 15, 1997, based upon a written offer by Dale to Bonnie. During the term of such Agreement Bonnie has accrued compensable sick leave of sixty-four (64} days, of 7 hours each, at $23 per hour, total accrued sick leave of $10,304 through December 31, 2009. Upon termination of her employment Dale, or Hamilton C. Davis, Esquire, as Dale's Conservator, shall pay Bonnie the total accrued severance pay of $10,304 through December 31, 2009, together with such accrued sick and vacation days as she shall earn during calendar year 2010. The sums payable shall. be paid immediately upon termination of employment unless Bonnie requests some other payment schedule, in her best interest, as she shall determine. IN WITNESS WHEREOF, we have set our hands and seals the day and date first above written. ,~ ,~ [ SEAL ] Dale S~ ha'rt, Jr . l}. [ SEAL ] Bonnie L. Co e