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HomeMy WebLinkAbout02-25-11I 1505607121 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number Po Box 28oso~ INHERITANCE TAX RETURN Harrisburg, PA 17128-0601 RESIDENT DECEDENT 2 1 1 0 0 0 9 4 5 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 7 4 0 5 2 2 7 9 0 9 0 6 2 0 1 0 0 9 1 2 1 9 1 6 Decedent's Last Name Suffix Decedent's First Name MI T H O M P S O N D A V I D I (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required death after 12-12-82) Q 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number J O H N B F O W L E R I I I E S Q 7 1 7 2 4~ 3 3 3 4 1 Firm Name (if Applicable) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS M A R T S O N L A W O F F I C E S First line of address 1 0 E A S T H I G H S T R E E T Second line of address City or Post Office C A R L I S L E State P A REGISTER OF 'WILLS USE ONLY c7 r. -~ ~.~: t~ ....., ~.-. ~.s-ti.. L,J ~~ ,~~-*-~ ,~-~ f•::: --~~~ ~.~ _!_f ^, ZIP Code L 1 7 0 1 3 ;~ t-' Correspondent's a-mail address: J F O W L E R a~ M A R T S O N L A W• C O M Under penalties of perjury, I declare that i have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representatnre is based on all information of which preparer has any knowledge. SIG ATURE OF/P~ERSO~N/ RESPONSIBLE FOR FILING RETURN DATE ADDRESS 345 CCABE RD LANDISBURG PA 17040 SIGN U PREPAR T AN REP ENTATIVE 10/EAST HIGH STREET 1505607121 CARLISLE PLEASE USE ORIGINAL FORM ONLY Side 1 PA 17013 1505607121 ~J ~.~ J 1505607221 REV-1500 EX Decedent's Name: DAVID I• THOMPSON Decedent's Social Security Number 1 7 4 0 5 2 2 7 9 RECAPITULATION 1. Real estate (Schedule A) ........................................ 1. 2 1 0 0 0 0. 0 0 2. Stocks and Bonds (Schedule B) .................................. 2• • 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. • 4. Mortgages 8 Notes Receivable (Schedule D) ........................ 4. • 5. Cash, Bank Deposits 8~ Miscellaneous Personal Property (Schedule E) ....... 5. 2 D 8 6 D 2 . 2 3 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... s• • 7. Inter-Vivos Transfers & Miscellaneous N n-Probate Property ~ Se ar te Billin Re uested h l S d G 7 1 2 7 7 3 1 6. 0 3 p g ....... a q ( c e u e ) . s. Total Gross Assets (total Lines 1-7) ........................... s. 1 6 9 5 9 1 8. 2 6 9. Funeral Ex enses & Administrative Costs Schedule H P ( ) ................ 9. 7 2 3 8 3. 0 7 10. Debts of Decedent, Mort a e Liabilities, 8 Liens Schedule I 9 9 ( ) ............ 10. 9 6 8 6. 8 3 11. Total Deductions (total Lines 9 & 10) ........................... 11. 8 2 0 6 9 . 9 0 12. Net Value of Estate (Line 8 minus Line 11) ......................... 12• 1 6 1 3 8 4 8 . 3 6 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. 1 6 1 3 8 4 8 . 3 6 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X.0 D D D 15. 16. Amount of Line 14 taxable at lineal rate x .045 1 6 1 3 8 4 8. 0 0 1 s. 17. Amount of Line 14 taxable at sibling rate X .12 0 D 0 17 18. Amount of Line 14 taxable at collateral rate X .15 0 0 0 18. 19. Tax Due .......... ............................. .. ....... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 0. D 0 7 2 6 2 3. 1 6 0. D D 0. D 0 7 2 6 2 3. 1 6 Side 2 1505607221 1505607221 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 10 00945 DECEDENT'S NAME DAVID I. THOMPSON STREET ADDRESS 442 WALNUT BOTTOM ROAD P O BOX 1409 ' CITY STATE ZIP CARLISLE PA 17013 Tax Payments and Credits: ~ . Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments 68,000.00 C. Discount 3,578.95 3. Interest/Penalty if applicable D. Interest E. Penalty (1) 72,623.16 Total Credits (A + B + C) (2) 71,578.95 (3) Total Interest/Penalty (D + E ) 4. If Line 2 is greater than lane 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. (5) 1,044.21 (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 1,044.21 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 : ...................................................................... ^ Q b. retain the right to designate who shall use the property transferred or its income; ............................... ^ Q c. retain a reversionary interest; or ................................................................................................ ^ d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q 2. If death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ^ Q 3. Did decedent own an "intrust for' or payable upon death bank account or security at his or her death? ......... ~ ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................. ~ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)). The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. (4) 0.00 0.00 REV-1502 EX + (6-98) SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER DAVID I. THOMPSON 21 10' ~ 00945 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a wilting seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real ro which is oin -owned with ri ht of survivorshi must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Premises at 640 Mooreland Avenue, Carlisle Borough, Parcel No. 04-22-0483-005, being 210,000.00 described in Deed dated 11/14/86 and recorded in Cumberland County, PA, Deed Book "H", Volume 32, Page 741. Sale price. (See copy of Deed and settlement statement attached) TOTAL (Also enter on line 1, Recapitulation) ~ $ 210,000 00 (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. iN RESI DAENTEDECEDE TRN PERSONAL PROPERTY ESTATE OF FILE NUMBER DAVID I. THOMPSON 21 10 00945 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Sovereign Bank, Checking 2891049772 ($121,233.26 + 3.61 acc. int.) 121,236.87 2 Sovereign Bank, Money Market 2894075391 ($55,618.40 + 4.57 acc. int.) 55,622.97 3 Sovereign Bank, C.D. 2895539258 ($13,068.57 + 2.86 acc. int.) 13,071.43 4 Sovereign Bank, C.D. 2895546188 ($11,729.73 + 2.03 acc. int.) 11,731.76 5 Genworth Insurance, long-term care insurance 2,352.00 6 The Sentinel, refund 13.21 7 Advance Publications, refund 26.00 8 Fidelity Account 613-181900, income distribution for August, 2010 2,692.67 9 Fidelity Account 613-181927, income distribution for August, 2010 663.60 10 Thomas Minnich, real estate tax proration 1,191.72 TOTAL (Also enter on line 5, Recapitulation) I $ 208,602.23 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER DAVID I. THOMPSON 21 10 00945 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACHACAPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE 1. Fidelity Investments Rollover IRA Acct #613-181919; beneficiaries 22,878.28 100. 22,878.28 David R. Thompson, Susan J. Campbell, Thomas G. Thompson, Daniel L. Thompson, children of decedent 2 Fidelity Investments Individual TOD Acct #613-181900; benefi- 626,056.48 100. 626,056.48 ciaries: David R. Thompson, Susan J. Campbell, Thomas G. Thompson, Daniel L. Thompson, children of decedent 3 Fidelity Investments Mary J. Thompson Trust U/A 2/20/02; 628,381.27 100. 628,381.27 beneficiaries: David R. Thompson, Susan J. Campbell, Thomas G. Thompson, Daniel L. Thompson, children of decedent TOTAL (Also enter on line 7 Recapitulation) ~ $ 1,277,316 03 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (10-06) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER DAVID_I. THOMPSON 21 10 00945 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hollinger Funeral Home and Crematory, Mt. Holly Springs, PA 1,895.00 2 Debby Madden, memorial service 50.00 3 Presbyterian Church, memorial service 200.00 4 Daniel Thompson, reimbursement for refreshments for memorial service 565.39 5 Daniel Thompson, reimbursement for memoriam to Thornwald Home nursing home 218.67 6 David Thompson, reimbursement for memoriam to Rev. John Black for memorial service 150.00 7 David Thompson, reimbursement for memoriam to Arthur Thompson, organist, memorial service 100.00 8 Grave opening 815.00 9 Georges' Flowers, memorial service flowers 455.80 10 Nancy Augustine, flowers for church 43.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) David R. Thompson 1,500.00 Street Address 345 McCabe Road Dity Landisburg State PA Zip 17040 Year(s) Commission Paid: 2011 2. Attorney Fees Martson Law Offices 35,500.00 3. Family Exemption: (If decedents address is not the same as claimants, attach explanation) Claimant Street Address Ciiy State Zip Relationship of Claimant to Decedent 4. Probate Fees Register of Wills, Cumberland County, PA 727.50 5 Accountants Fees 6. Tax Return Preparer's Fees Boyer & Ritter, 2010 income tax returns 500.00 7. Anthony DeLuca, attorney fees 750.00 8 Register of Wills, filing fee, inheritance tax return 15.00 9 Sovereign Bank, checkbook fee 23.75 10 PPL, electric service pending disposition of real estate (6 x 70) 420.00 11 Culligan, water treatment pending disposition of real estate (5 x 34.57) 172.85 12 Carlisle Borough, water/sewer/trash service pending disposition of real estate (2 x 65.94) 161.92 13 Heritage 1 Insurance, homeowner's insurance pending disposition of real estate 1,076.44 14 Carlisle Petroleum, heating fuel pending disposition of real estate 713.91 15 Gilbert's Landscaping, snow plowing pending disposition of real estate 1,400.00 16 Radon treatment for settlement 1,040.00 17 George Fitzpatrick Plumbing, plumbing repairs for settlement 304.00 18 Ronald Grosso Contracting, plumbing and electrical repairs for settlement 110.00 TOTAL (Also enter on line 9, Recapitulation) $ 72,383.07 (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent DAVID I. THOMPSON 21 10 00945 Decedent's Name Page 1 File Number Schedule H -Funeral Expenses ~ Administrative Costs - A. fTEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 11 Monument inscription 200.00 SUBTOTAL SCHEDULE H-A i 200.00 Continuation of REV-1500 Inheritance Tax Return Resident Decedent DAVID I. THOMPSON 21 10 00945 Decedent's Name Page 2 File Number Schedule H -Funeral Expenses & Administrative Costs - B7. ITEM NUMBER DESCRIPTION AMOUNT 19 Kirk Hassinger, bathtub repairs for settlement 122.00 20 Jack Gaughen, real estate sales commission 10,000.00 21 Jack Gaughen, broker's fee 195.00 22 Thomas Minnich, seller's assistance with closing costs 10,000.00 23 County of Cumberland, 1 % realty transfer tax 2,100.00 24 Carlisle Borough, county/borough real estate tax prorated at settlement 171.18 25 David R. Thompson, out-of-pocket administrative expenses 136.66 26 Register of Wills, Additional Probate fee 350.00 27 Reserved for final real estate bills; filing fees 200.00 SUBTOTAL SCHEDULE H-B7 ~ 23,274.84 REV-1512 EX + (12-03) SCHEDULE IA DEBTS OF DECEDENT A , N COMMONWEALTH OF PENNSYLV INHERITANCE TAX RETURN MORTGAGE LIABILITIES, & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER DAVID I. THOMPSON 21 10 00945 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. U.S. Treasury, 2010 estimated income tax 1,310.00 2 PA Dept. of Revenue, 2010 estimated income tax 340.00 3 The Sentinel, account payable 12.92 4 PPL, account payable 67.57 5 State Farm, account payable 148.29 6 Thomas Thompson, account payable for property upkeep 460.25 7 Thornwald Home, nursing home, account payable 2,265.65 8 Millennium Pharmacy, account payable 149.14 9 Carlisle Borough, school tax payable 7/1/2010 1,090.16 10 Culligan, account payable, water service 34.57 11 CenturyLink, account payable, phone service 83.51 12 Thornwald Home, final billing 33.7b 13 Millennium Pharmacy, final billing 65.61 14 CenturyLink, final billing 24.73 15 Cumberland Valley Tree Service, account payable 1,350.00 TOTAL (Also enter on line 10, Recapitulation) I $ 8,686.83 (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent DAVID I. THOMPSON 21 Decedent's Name Page 2 10 00945 File Number Schedule I -Debts of Decedent, Mortgage Liabilities, & Liens ITEM NUMBER DESCRIPTION AMOUNT 16 Carlisle Borough, account payable, water/sewer/trash 65.94 17 Daniel Thompson, reimbursement for landscaping expenses for sale of real estate 115.66 18 Thomas Thompson, reimbursement for repairs to and supplies for real estate 869.89 19 Carlisle Borough, school taxes due from 7/1/10 1,199.18 SUBTOTAL SCHEDULE I 2,250.67 GRAND TOTAL SCHEDULE I $ 9,686.83 REV-1513 EX + (g-00) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER 1~AVT1~ T TNnMP4C~N 2.1 1 ~ O(1945 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outri ht spousal distributions, and transfers under ~ Sec. 9116 (a (1.2)] 1. David R. Thompson Lineal 319,329.01 345 McCabe Road (1/4 share Sch. G assets) Landisburg, PA 17040 2. Susan J. Campbell Lineal 319,329.01 424 Haverford Avenue (1/4 share Sch. G assets) Narbeth, PA 19072 3. Thomas G. Thompson Lineal 319,329.01 1140 Creek Road (1/4 share Sch. G assets) Carlisle, PA 17015 4. Daniel L. Thompson Lineal 319,329.00 304 McLand Road (1/4 share Sch. G assets) Mt. Holly Springs, PA 17065 5. Erik D. Thompson Lineal 10,000.00 1971 Enola Road Specific Bequest Carlisle, PA 17013 6. Bridger J. Thompson Lineal 10,000.00 1110 Creek Road Specific Bequest Carlisle, PA 17015 7. Mary S. Campbell Lineal 10,000.00 540 33rd Avenue, South Specific Bequest Seattle, WA 98144 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (It more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent DAVID I. THOMPSON 21 Decedent's Name Page 4 10 00945 File Number Schedule J -Beneficiaries - 1 NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT Do Not List Trustee(s) AMOUNT OR SHARE OF ESTATE I TAXABLE DISTRIBUTIONS (include outright spousal distributions) 8. Job E. Campbell Lineal 10,000.00 Flat D, 31F, Goldwin Heights Specific Bequest 2 Seymour Road, Mid-levels, Hong Kong 9. Isaiah R. Campbell Lineal 10,000.00 3109 West Penn Street Specific Bequest Philadelphia, PA 19129 10. David R. Thompson Lineal 1/4 Residue 11 Susan J. Campbell Lineal 1/4 Residue 12 Thomas G. Thompson Lineal 1 /4 Residue 13 Daniel L. Thompson Lineal 1 /4 Residue - - - ---__ - - I .. ... .. 3At•A7-Warmly OeeO, SboR Fenn, Att 0-.190l. Henry Nsll• Inc.. Indians. Pe. ":. ": ;CE C~ T1:E ' , .tiIAUF; TXP; 14TH j drt~ u/ November -E~ t~Q~ ~ I~- tkjiir~'q- ~6 nj nur l.nrd onr thn-,xrtnrl ni»r hr,ndrrd and eighty-six (198b). t 3 \' IIt;T~f'F;L~`N MARY JA~tE TH0I~SON and DAVID I. THOMPSON, her husband, of Carlisle, Cumberland County, Pennsylvania. Gra-rlmr s. a-rd DAVID I. TROMPSON and MARY JANE THOMPSON, his wife. of Car7Lsle, Cumberland County, Peanaylvagia, Graxlrr s W.ITA'L'SSF.'TH, fhaJ ?-- conxidr-rtlioa nj One (;x,.00) dollar and other good and valuable consider$t lops, Dollara~ i» hued go-d, thr rrr'i~,t u•hrrr-rj ie br•rcby acknr--rh•rl;/rtl. fltr lair! prnnlr-rs rlo herr.Li~ Ura-~t and conl•r~ to fkt xnirl yr+natr•s a. their heirs and assigns, i /ALL THAT CERTAIN lot of ground located in the Borough of Carlisle, Cumberland County, Pennsylvania, more particulsrly bounded and described as follows: 8EGII~NIA'C at a point on the western side of rfooreland Avenue, said point being at the dividing line of iota Yos. 101 and 102 on the hereinafter mentioned Plan of Lots; thence south 13 degrees 02 minutes west along said we stern 'line of Mooreland Avenue, a distance of 130.86 feet to a point at the northern line of 1\'oble Boulevard; thence along same, being a curve to the right, a distance of 86.45 feet to a paint; thence still along same north 48 degrees 4T minutes 40 seconds west a distance of 85.81 feet, more or less, to a point at the eastern line o! land now or formerly aP Floyd 8. Cornman; thence along same north 13 degrees 02 minutes cast a distance of~129.OS [eet to a point in the southern line of Lot 102; thence south T6 degrees 58 minutes east a distance of 140 feet. more or leas, to a point in the aostern Sine of Mooreland Avenue, the place of Beginning. BEING Lot No. 101 and part of Lot No. 7.00 in the Plan of Lots known as East Hi1;la, said plan of iota being recorded in the Recorder`s Office in Pian Book 4, Page 39. t3AVI7r'G tfiereon erected a dluetiing house. SUBJECT to the buildtna and other restrictions recorded with said 41ot Pian. Said points at the Northwest and Southwest corners oP the above'deacriptiea • are aarked with iron pins and'there.is an iron pin~on the dividing'iSne between Lour Nos. 1U1 and 102, said iron pin Deing North 76 degrees 58 alinutes 0-est. i~.I feet from said Mooreland Atienue- measured along said dividing ifne. BE1'NC tho same premises which 7)avid~I. Thompson and Mary Jane Tho son. his w , ce o t e cor er o Deeda~in~and for Cumberland County, Pennsylvania; in Deed Book "~^,•pol. 27, Page 376. granted and'eonveyed to Mary Jane Thompson,-one oP the grantors herein. TK'a'S conveyance is, a wife to husband and' wife transaction. eo~x~ 3x ~~ 7~i scH..~~" C,IL> w I r AND the said y-nntors krrrby eovenaeet . and ayne that they will warns»t generally the property henby Conveyed. i !N WITNESS iVHEREOF, said the day and yrar ftral above written, ~~gnco, tseairo eno ~rli~rrro in for ~narnc: at ~~~ j R/L ...~..... -~'6~ ..................... ........... pranto-1s have henNnto act their hands and scats yA4, ,---. (Mary •ane'Thampson) ...................~.. .... ,......................................... 711th L ..~'1-..., t!-L ... ........(~a~ :. .O~a~;. ..... ... ~..,, ,_.... ......_ .................................................................._....... sas4 • state of PENNSI!T.YANIA aa. County of Xoveahes On Chia, tht ~~~~ 14TH day of , 19 g6 , before »rr, a Notary Public, the rr»drrsigned nQ"icer. perxonally appeorrd ' MARY JANE Tli0MP50N and DAVID I. Tt{OMPSQN, her husband, kxmen to tnr (or satiaJaeturity prrwrn) to be thr prraons rrhuae names ars arr6xcribrd to the loithir- inxlr•rrment, a-ul acknn:cledprd that d-r y rrerretert the aanee /ur thr prrrpoxr7r ~hrrrrw.. contain~rt. X18 ~'(`~;. t,~' t;'ITNF,5S N'NF.RRQF. 1 here-rnto set »ry hrtnd r7»d olJirial real. '~''" ~dl,~`'~~~, r99~v as"ooxH 32 P,~~ 742 ~~..,, 7 ,. i ~~ ~~ Z G - I OMB Approval No. 2502-0265 ~'~~'!! • ~~~ A Settlement Statement HUD-1 '. ~ !.{II{II ,.~ ~ ~ FINAL i •' • • ^Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number: 1. ©FHA 2. ^ RHS 3 . 1101023 1003000019 446-0633206-703 4. ^ VA 5. ^Conv. Ins. C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agents are shown. Items marked "(p.o.c)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals. D. Name & Address of Borrower: E. Name & Address of Seller: F. Name 8. Address of Lender: Thomas N. Minnich, Christine M. Minnich The Estate of David I. Thompson America's Choice Home Loans 305 Feeser Road, Harrisburg, PA 17109 345 McCabe Road, Landisburg, PA 17040 8584 Katy Freeway, Suite 200, Houston, TX 77024 G. Property Location: H. Settlement Agent: I. Settlement Date: 02/18/2011 640 Mooreland Avenue Lighthouse Abstract Ltd. Disbursement Date: 02/18/2011 Carlisle, PA 17013 5730 Tilghman Street, Allentown, PA 18104 Borough of Carlisle 610-530-0688 (Phone) 1610-530-0689 (Fax) Place of Settlement: TitieExpress 5730 Tilghman Street, Allentown, PA 18104 Printed 02/18/2011 at 8:32 am by SB . :. . 100. Gross Amount Due from Borrower 101. Contract sales price 210,000.00 102. Personal ro rt 103. Settlement charges to borrower (line 1400) 13,897,23 1oa. 105. Ad ustments for items ald b seller in advance 106. Cityltown taxes to 107. County taxes to 108. School Taxes 02/18/2011 to 06/30!2011 1,191,72 109. 110. 111. 112. 120• Gross Amount Due from Borrower 225,088.95 200. Amounts Paid b or in Behalf of Borrower 201. Deposit or earnest money 2,500.00 202. Principal amount of new loan(s) 204,676.00 203. Existin loa s taken sub'ect to 204. 205. 206. Seller Concession 10,000.00 207. 208. 209. Ad ustments for items un aid b seller 210. Cityltown taxes to 211. County taxes 01101/2011 to 02/1812011 171.18 212. School Taxes to 213. 214. 215. 216. 217, 218. 219. 220• Total Paid b Ifor Borrower 217,347.18 300. Cash at Settlement fromlto Borrower 301. Gross amount due from borrower (line 120) 225,088.95 302. Less amounts paid by/for borrower (line 220) 217,347.18 303. Cash X^ From ^ To Borrower 7,741.77 K. Summary of Seller's Transaction 400. Gross Amount Due to Seller 401. Contract sales price 210,000,00 402. Personal ro rt 403. 404. 405. Ad uatments for Items ald b seller in advance 406. Cityltown taxes to 407. County taxes to 408. School Taxes 0 211 8120 1 1 to 06/30/2011 1,191.72 409. 410. 411, 412. 420. Gross Amount Due to Seller 211,191.72 500. Reductions In Amount Due to Seller 501. Excess deposit (see instructions) 502. Settlement charges to seller (line 1400) 12,325.04 503. Existin loa s taken sub'ect to 504, Pa off of first mort a e loan 505. Pa off of second mort a e loan 506. Seller Concession 10,000.00 507. 508. 509. Ad ustmenta for items un aid b seller 510. Cityltown taxes to 511. County taxes 01101/2011 to 02/18!2011 171,18 512. School Taxes to 513. 514. 515, 516. 517. 518, 519. 520. Total Reduction Amount Due Seller 22,496.22 600. Cash at Settlement tolfrom Seller 601. Gross amount due to seller (line 420) 211,191.72 602. Less reductions in amount due seller (line 520) 22,496.22 603. Cash ^X To ^ From Seller ,~ 188,695.50 y r r mis mrrR unless 11 oispNys ~ currsmry vsrq pM9 wmrw numWr. No tonlidemiNily rs sawreA: mis disdowro Is msnANOry. This Is Aasgnsd to provlOe Ilar p~Niq b s RESPA covsrotl tnnsapbn wllh inlormNbn durlnp the saltlem~nl process. See attached addendum for additional information Previous editions are obsolete `~ Paye 1 of 4 ,~ ~ (3 /~ ) H 700. Total Real Estate Broker Fees $10,000.00 Paid From Paicl From Division of commission line 700 as follows: Borrower's Seller's 701. $10,000,00 to ERA-NRT, Inc. Funds at f=unds at 702. $0.00 to Settlement Settlement 703. Commission paid at settlement 10,000.00 704. Broker Fee to ERA-NRT, Inc. _ 195.00 800. Items Pa able in Connection with Loan 801. Our origination charge (Includes Origination Point 0.000% or $0.00) $3,636.50 (from GFE #1) _ 802. Your credit or charge (points).for the specific interest rate chosen $ (from GFE #2) 803. Your adjusted origination charges (from GFE A) 3,636.50 804. Appraisal fee to Janus $450.00 P.O.C. B' (from GFE #3) 100.00 805. Credit report to (from GFE #3) 806. Tax service tp (from GFE #3) 807. Document Prep Fee to Anthon Mus rave $200.00 P.O.C. B' 808. Application Fee to Iwa loan LP dba America's $150.00 P.O.C. B' (from GFE #3) 900. Items Re wired b Lender to be Paid in Advance 901. Daily interest charges from from 02118/2011 to 0310112011 @ $22.7418/day (from GFE #10) 250.16 902. Mortgage Ins, Premium for months to De artment of HUD (from GFE #3) 2,026.50 903. Homeowner's insurance for months to Erie Insurance $504.00 P.O.C. B' (from GFE #11) 904. months to from GFE #11 1000. Reserves De osited with Lender 1001. Initial deposit for your escrow account (from GFE #9) 3,644.32 1002. Homeowner's insurance 3 months $ 42.00/month $126.00 1003. Mortgage Insurance months $ 150.771month $ 1004. City Property Tax months $ 0.00/month $ 1005. County Property Tax 13 months $ 107.251month $1,394.25 1006. School Taxes 9 months $ 311.68/month $2,805.12 1007. Aggregate Adjustment $-681.05 1100. Title Char es 1101. Title services and lenders title insurance from GFE #4 1,968,75 1102. Settlement or closing fee to Li hthouse Abstract Ltd. $175.00 1103. Owners title insurance from GFE #5 25,00 1104. Lender's title insurance $1,383.75 1105. Lender's tine policy limit $204,676.00 Lender's Policy 1106. Owner's title policy limit $210,000.00 Owner's Policy 1107, Agent's portion of the total title insurance premium $1,225.61 1108. Underwriter's portion of the total title insurance premium $183.14 1109. 1200. Government Recordin and Transfer Cha ea 1201. Government recording charges $ (from GFE #7) 146.00 1202. peed $62.00 Mort a e $84.00 Release $ 1203. Transfer taxes $ (from GFE #8) 2,100.00 1204. CitylCounty tax/stamps Deed $2,100.00 Mort a e $ 2,100.00 1205. State Taxlstamps Deed $2,100.00 Mort a e $ 1206. Deed $ Mort a e $ 1207. $ 1300. Additional Settlement Cha es 1301. Required services that you can shop for (from GFE #6) 1302. Survey to 1303. to 1304. Final Water/Sewer Bill to Borou h of Carlisle 30.04 1305. to 1306. to $ ' ~' • • • • ~ ~ 13,897.23 12,325.04 'Paid outside of closing by (B)orrower, (S)eller, (L)ender, (I)nvestor, Bro(K)er. "Credit by lender shown on page 1."'Credit by seller shown on page 1. See attached addendum for additional information Previous editions are obsolete Page 2 of 4 HUD-1 Com ari9on of Good Faith Estimate GFE and HUD-? Char es Char es That Cannot Increase HUD-1 Line Number Our origination charge # 801 Your credit or charge (points) for fhe specific interest rate chosen # 802 Your adjusted origination charges # 803 Transfer taxes # 1203 Char es That in Total Cannot Increase More Than 10% Government recording charges # 1201 Appraisal fee ~ 804 Mortgage Ins. Premium # 902 Title services and lender's title insurance # 1101 Owner's title insurance # 1103 ~. • ~• ~ ~ ~• Char es That Can Chan e Initial deposit for your escrow account # 1001 Daily interest charges from #901 22.7418/da Homeowner's insurance # 903 1 _nan Tarme Good Faith Estimate HUD-1 3,786.50 3,636,50 0.00 0.00 3,786,50 3,636.50 2,100.00 2,100.00 Good Faith Estimate HUD-? 142.00 146.00 425.00 550.00 2,026.50 2,026.50 628.00 1,968.75 1, 393.75 25.00 4,615.25 4,716.25 101.00 or 2.1884% Good Faith Estimate HUD-? 1,745.72 3,644.32 113.71 250.16 420.00 504.00 Your initial loan amount is $204,676.00 Your loan term is 30, years Your initial interest rate is 4.0000% Your initial monthly amount owed for principal, interest, and any mortgage $1,127.93 includes insurance is X^ Principal ^X Interest 0 Mortgage Insurance Can your interest rate rise? ^ No. 0 Yes, it can rise to a maximum of 9.000Oq°. The first change will be on 07/01/2016 and can change again every 1 Years after 0710112016. Every change date, your interest rate can increase or decrease by 1.0000%, Over the life of the loan, your interest rob guaranteed to never be lower than 5.0000% or higher than 9.0000%. Even if you make payments on time, can your loan balance rise? 0 No. ^ Yes, it can rise to a maximum of $ Even if you make payments on time, can your monthly amount owed for X^ No. ^ Yes, the first increase can be on I 1 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? XO No. ^ Yes, your maximum prepayment penalty is $ Does your loan have a balloon payment? X^ No, ^ Yes, you have a balloon payment of $ due in years on I 1 Total monthly amount owed including 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. ^X You have an additional monthly escrow payment of $460.93 that results in a total initial monthly amount owed of $1,588.85. This includes principal interest, ar mortgage insurance and any items checked below: X^ Property taxes X^ Homeowner's insurance ^ Flood insurance ^ ^ ^ nose: it you nave any questions aoout the 5etttement charges and Loan Terms listed on this form, please contact your lender. See attached addendum for additional informar.ion Previous editions are obsolete Page 3 of ~1 HUD-1 ~ ~ A 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 and disbursements made on my account or by me in this transaction. 1 further certify that 1 have received a copy of the HUD-1 Settlement Statement. P ~-..~~ Thomas N. Minnich /Gi Chr' tine M. Minnich The Estate of David I. Thompson Agent; David R. Thompson, Executor The HUD-1 Settlement Statement which I have pre red is a t ue and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with this~iatem~a!!~ z i~ / DAT 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. See attached addendum for additional information Previous editions are obsolete ~~, Page 4/of`4 HUD-1 ~! 1 t! ( af.~ /i/ Sovereign Bank ESTATE OF David I Thompson SOCIAL SECURITY #: 174-OS-2279 DATE OF DEATH: September 6, 2010 Account #: 2891049772 Type: Checking Open date: 1 U/29/2004 In the name of: David I Thompson (David R Thompson POA) Date of Death Balance: $121,233.26 Int.(YTD) from 1/1/2010 to 8/24/2010 $73..63 Accrued interest to date of death: $3.61 Other Info: Account #: 2894075391 Type: Money Market Open date: _10/24/2005 In the name of: David I Thompson Date of Death Balance: $55,618.40 Int.(YTD) from 1 /1 /2010 to 8/24/2010 $195.12 Accrued interest to date of death: $4.57 Other Info: Account #: 2895539258 Type: CD Open date: 10/24/2005 In the name of: David I Thompson Date of Death Balance: $13,068.57 Int.(YTD) from 1 /1 /2010 to 8/31 /2010 $98.81 Accrued interest to date of death: $2.86 Other Info: Account #: 2895546188 Type: CD Open date: 8/7/2008 In the name of: David I Thompson (David R Thompson POA) Date of Death Balance: $11,729.73 Int.(YTD) from 1 /1 /2010 to 8/31 /2010 $104.30 Accrued interest to date of death: $2.03 Other Info: Page 1 of 1 Estate Valuation - Fidelity IRA Date of Death: 09/06/2010 Valuation Date: 09/06/2010 Processing Date: 09/29/2010 Estate of: David I. Thompson Account: 613-181919 Report Type: Date of Death Number of Securities: 1 File ID: 9320.1.ira 1) 1400.76 FIDELITY PURITAN TR (316345107; FPURX) SH BEN INT NASDAQ 09/03/2010 Total Value: Total Accrual: Total: $22,874.41 C v r ~.Cc,.~C'~-1~.n~ (Ca Sy 16.33000 Bid 16.330000 22,874.41 $22,874.41 $0.00 3. ~? Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300. (Revision 6.4.1) Estate Valuation-Individual TOD Date of Death: 09/06/2010 Estate of: David I. Thompson Valuation Date: 09/06/2010 Account: 613-181900 Processing Date: 09/29/2010 Report Type: Date of Death Number of Securities: 16 File ID: 9320.1.tod Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) yLb A'1'&'1' 1NC (UUZUbtLlUL; '1') COM NYSE 09/03/2010 27.49000 27.06000 H/L 09/07/2010 27.45000 27.14000 H/L 27.285000 2) 36 FAIRPOINT COMMUNICATIONS INC (FRCMQ) COM NQB 09/03/2010 0.02900 0.02500 H/L 09/07/2010 0.03000 0.02500 H/L 0.027250 3) 463 FRONTIER COMMUNICATIONS CORP (35906A108; FTR) COM NYSE 09/03/2010 7.95000 7.86000 H/L 09/07/2010 7.96750 7.83750 H/L 7.903750 Prices for 09/07/2010 adjusted up for dividend(s): 0.1875 4) 96 IDEARC INC (IAR) COM NQB 12/31/2009 0.00400 0.00200 H/L 0.003000 Last price available on 12/31/2009 5) 250 KINDER MORGAN ENERGY PARTNERS (494550106; KMP) UT LTD PARTNER NYSE 09/03/2010 69.14000 68.59000 H/L 09/07/2010 69.07000 68.32000 H/L 68.780000 61 990 M & T BK CORP (55261F104; MTB) COM NYSE 09/03/2010 88.94000 87.68000 H/L 09/07/2010 88.40000 84.67000 H/L 87.422500 Div: 0.7 Ex: 08/30/2010 Rec: 09/01/201 0 Pay: 09/30/2010 7) 275 ONEOK PARTNERS LP (68268N103; OKS) UNIT LTD PARTN NYSE 09/03/2010 70.91000 69.90000 H/L 09/07/2010 70.97000 69.90000 H/L 70.420000 8) 550 PPL CORP (693517106; PPL) COM NYSE 09/03/2010 27.92000 27.44000 H/L 09/07/2010 27.85000 27.51000 H/L 27.680000 9) 1932 VERIZON COMMUNICATIONS INC (92343V104; VZ) COM NYSE 09/03/2010 30.35000 29.69000 H/L 09/07/2010 30.47000 30.07000 H/L 30.145000 10) 989.938 NEUBERGER BERMAN EQUITY FDS (641224506 ; NBSSX) FOCUS FUND NASDAQ 09/03/2010 17.00000 Bid 17.000000 25,265.91 0.98 3,659.44 N/A 17,195.00 86,548.27 E~93.00 19,365.50 15,224.00 58,240.14 16,828.95 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300. (Revision 6.4.1) S~' ~ ~ ~, z~ ~ ~ ~ ~z~ Date of Death: 09/06/2010 Valuation Date: 09/06/2010 Processing Date: 09/29/2010 Shares Security Estate of: David I. Thompson Account: 613-181900 Report Type: Date of Death Number of Securities: 16 File ID: 9320.1.tod 11) 2203.552 VANGUARD/WELLINGTON FD INC (921935102; VWELX) Mean and/or Div and Int Security COM NASDAQ 09/03/2010 29.15000 Bid 29.15000 0 12) 1935.722 VANGUARD/WELLESLEY INCOME FD (921938106; VWINX) COM NASDAQ 09/03/2010 21.38000 Bid 21.380000 13) 5413.667 VANGUARD FIXED INCOME SECS FD (922031307; VFIIX) GNMA INV NASDAQ 09/03/2010 11.05000 Bid 11.050000 14) 6901.612 VANGUARD PA TAX FREE FD (92204L104; VPAIX) LONG TAXEX INV NASDAQ 09/03/2010 11.35000 Bid 11.350000 15) 9454.112 VANGUARD MUN BD FD INC (922907209; VWITX) INTER TRM PORT NASDAQ 09/03/2010 13.95000 Bid 13.950000 16) 70 THORNBURG MTG INC (THMRQ) COM NEW NQB 09/03/2010 0.00500 0.00400 H/L 09/07/2010 0.00500 0.00460 H/L 0.004650 Total Value: Total Accrual: Total: $618,679.98 core f~-C~.rr~, ~l~ 64,233.54 41,385.74 59,821.02 78,333.30 131,884.86 0.33 $693.00 _ , _., .,. _., ~ 7 3 ?~.5~ Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300. (Revision 6.4.1) ~ -~ ~~~.~ Estate Valuation-M.J.Thompson Trust Date of Death: 09/06/2010 Estate of: David I. Thompson Valuation Date: 09/06/2010 Account: 613-181927 Processin Date: 09/29/2010 g Report Type: Date of Death Number of Securities: 12 File ID: 9320.1.trust Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 1500 CONSTELLATION ENERGY GROUP INC (210371100; CEG) COM NYSE 09/03/2010 31.27000 30.67000 H/L 09/07/2010 31.08000 30.32000 H/L 30.835000 46,252.50 2) 35 PNC FINL SVCS GROUP INC (693475105; PNC) COM NYSE 09/03/2010 55.17000 54.16000 H/L 09/07/2010 54.43000 52.85000 H/L 54.152500 1,895.34 3) 4230 PPL CORP (693517106; PPL) COM NYSE 09/03/2010 27.92000 27.44000 H/L 09/07/2010 27.85000 27.51000 H/L 27.680000 117,086.40 4) 400 SUSQUEHANNA BANCSHARES INC PA (869099101; SUSQ) COM NASDAQ 09/03/2010 8.56000 8.40000 H/L 09/07/2010 8.55000 8.28000 H/L 8.447500 3,379.00 5) 602.41 FIDELITY PURITAN TR (316345305; FLPSX) LOW PRICE STK NASDAQ 09/03/2010 33.23000 Bid 33.230000 20,018.08 6) 1000.286 DODGE & COX BALANCED FD (256201104; DODBX) COM NASDAQ 09/03/2010 63.50000 Bid 63.500000 63,518.16 7) 2414.599 PRICE T ROWE TX FR HI YLD FD (741486104; PRFHX) COM NASDAQ 09/03/2010 11.06000 Bid 11.060000 26,705.46 8- 2700.878 VANGUARD SPECIALIZED PORTFOLIO (921908703; VGSIX) REIT INDEX NASDAQ 09/03/2010 17.73000 Bid 17.730000 47,886.57 9) 4082.26 VANGUARD/WELLINGTON FD INC (921935102; VWELX) COM NASDAQ 09/03/2010 29.15000 Bid 29.150000 118,997.88 10) 3346.08 VANGUARD FIXED INCOME SECS FD (922031307; VFIIX) GNMA INV NASDAQ 09/03/2010 11.05000 Bid 11.050000 36,974.18 11) 4205.783 VANGUARD PA TAX FREE FD (92204L104; VPAIX) LONG TAXEX INV NASDAQ 09/03/2010 11.35000 Bid 11.350000 47,735.64 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300. (Revision 6.4.1} SC, ~ . G , ..~.. ~, __ Date of Death: 09/06/2010 Valuation Date: 09/06!2010 Processing Date: 09/29/2010 Shares Security High/Ask Low/Bid 12) 6972.681 VANGUARD MUN BD FD INC (ylL9U/lUy; VW 1'1'X) INTER TRM PORT NASDAQ 09/03/2010 Total Value: Total Accrual: Total: $627,718.11 COre ~C ash,) a e ~o-c~.n.~- `Tc~-u.l: ~G~8s38f. ~7 Estate of: David I. Thompson Account: 613-181927 Report Type: Date of Death Number of Securities: 12 File ID: 9320.1.trust Mean and/or Div and Int Security Adjustments Accruals Value 13.95000 Bid 13.950000 97,268.90 50.00 6d 3.1~ Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at 1818) 313-6300. (Revision 6.4.1) F:~F11,ES~DATAF[LE~Estate Planning19320-w.trust.rcv ORIQINAL RETAfNED BY: l.AW OFFICES J1/rattson, ~sa rdotf f, ~~1L'Clams ~ t~.~t ~ , -. A PROFESSfONAL CORPORATION TEN EAST HIGH STREET CARLISLE. PA i70t3 REVOCABLE TRUST AGREEMENT ~~rn ~~-33~~ VOCABLE AGREEMENT OF TRUST, executed in duplicate, this ~1 day THIS RE - of ~ - ~ , 2002, between MARY JANE THOMPSON, by her Attorney-in-fact, David I. Thompson, o ~ 40 Mooreland Avenue, Carlisle, Cumberland County, Pennsylvania, herein called the"Settlor", and DAVID Y. THOMPSON, of the same place, herein sometimes called the "Trustee", WITNESSETH: WHEREAS, the Settlor, pursuant to a Durable General Power of Attorney dated July 20, 1999, and recorded December 18, 2001, in Cumberland County, Pennsylvania Miscellaneous Book 683, page 751, granted her said Attorney-in-fact the specific power to create a trust for her benefit. NOW, THEREFORE, in consideration of the mutual promises, covenants anal undertakings herein contained, this Trust Agreement is entered into as follows: I. TRUST PROPERTY The Settlor hereby assigns, transfers and delivers the property listed in the Schedule(s) attached hereto and made a part hereof, to have and to hold such property and any other property of any kind which the Trustee may, pursuant to any of the provisions hereof, at any time hereafter hold ~`~:~~ or acquire. Assets which may be transferred to the Trustee shall include, without limitation: (1) ;;:..: , =~ property, real or personal, owned jointly by the Settlor with her husband, DAVID I. 'THOMPSON, . - `'y herein sometimes called the "Husband", in which event the joint tenancy of such assets shall be :. _, severed with one-half of such assets contributed to this Trust and the remaining one-half thereof retained by the Husband; and (2) life insurance policies or individual retirement accounts, if any, by designating the Trust as beneficiary thereof, in which event the proceeds of such policies and/or accounts shall be subject to the provisions hereof. II. TRUST ESTATE All such property so contributed or designated and made payable or transferred to the Trustee as herein provided shall be held by the Trustee, IN TRUST, to be known as the "Mary Jane Thompson Trust", for and upon the following trusts, uses and purposes and shall be administered and disposed of in accordance with the terms and conditions hereinafter set forth. III. LIFETIME TRUST During the lifetime of the Settlor, the Trustee shall pay so much of the net income from the Trust Estate in convenient installments and such part of the principal of the Trust Estate to the Settlor, the Husband, or otherwise, as the Settlor or her said Attorney-in-fact may from time to time request. If a successor Trustee shall be appointed as hereinafter provided in Article XII hereof, such successor Trustee shall have the sole discretion to use so much of the net income and such part of the principal of the Trust Estate as such Trustee shall deem necessary or advisable from time to time for the support, health and medical care, and maintenance in reasonable comfort of the Settlor, or Page -1- the Husband, taking into consideration all other income and other resources available to them, or either of them, for such purposes from all sources known to such Trustee. Any income not so paid or expended shall be accumulated and added to the principal of the Trust Estate. IV. DISPOSITIVE PROVISIONS Upon the death of the Settlor, the then remaining principal of the Trust Estate and any ' accrued or undistributed income therefrom shall beheld, administered and disposed of as follows: A. In the event the Husband shall predecease the Settlor, the sum of Ten Thousand Dollars ($10,000.00) shall be distributed, discharged of the trust, to each of the Settlor's grandchildren, the child or children of any deceased grandchild taking or sharing in the amount their parent would have received, if then living. Should any grandchild be under the age of twenty-one (21) years, his or her share shall be held, IN FURTHER TRUST, by the Trustee, who shall accumulate the income of each such share and shall pay and distribute said share and the accumulated income therefrom to said grandchild, or his or her issue, per stirpes, as he or she in turn attains the age o ftwenty-one (21) years. B. If the Husband shall survive the Settlor by thirty (30) days, then the balance of the Trust Estate, including any accrued or undistributed income therefrom, shall be paid over and distributed, discharged of the trust, to the Husband, absolutely. If the Husband does not so survive the Settlor or in the event he shall disclaim all or any portion thereof, then the amount otherwise payable and distributable to him shall beheld, administered and disposed of in accordance with the provisions of this Trust Agreement governing the "Residuary and Disclaimer Trust" under Article V hereof. For purposes of the Trust established under Article V hereof, the Husband shall not be deemed to have predeceased the Settlor by virtue of his exercise of the right to disclaim set forth herein. V. RESIDUARY AND DISCLAIMER TRUST The assets, if any, received by the Trustee under Article IV(B) hereof shall be held, administered and disposed of for the following purposes: A. The Trustee shall pay the net income therefrom, at least quarter-annually, to the Husband during his lifetime. In addition, the Trustee shall have the sole discretion during his lifetime to pay to him or to expend for his benefit so much of the principal of this Trust as the Trustee shall deem necessary or advisable from time to time for the support, health and medical care, and maintenance in reasonable comfort of the Husband, taking into consideration alit other income and other resources available to hirn for such purposes from all sources known to the Trustee. B. In addition, the Trustee shall pay to the Husband, annually, such sum from the principal of this Trust as he may request in writing; provided, however, that said sum may not exceed the greater of Five Thousand Dollars ($5,000.00) or five percent (5%) of the aggregate value, at the time of said request, of the principal of this Trust. Page -2- C. Upon the death of the Husband, or upon the Settlor's death if he shall not survive the Settlor by thirty (30) days, this Trust shall terminate, and the then remaining principal and any accrued or undistributed income therefrom shall be paid over, conveyed and distributed, discharged of the trust, in equal shares to the Settlor's children, DAVID R. THOMPSON, SUSAN CAMPBELL, THOMAS G. THOMPSON and DANIEL THOMPSON, provided that the share of any child who shall not be then living shall be held, administered and disposed of as follows: (1) The shares for DAVID R. THOMPSON and DANIEL THOMPSON shall be held, IN FURTHER TRUST, for his then living issue, per stirpes, and in default of any such then living issue, such share or shares shall be added to the shares for the Settlor's other children; (2) Thirty-one (31 %) percent of the share for SUSAN CAMPBELL shall be distributed to her then living spouse, discharged of the trust, and sixty-nine (69%) of such share, or all thereof if there is no then living spouse, shall be held, IN FURTHER TRUST, for her then living issue, per stirpes, and in default of any such then living spouse and/or issue, such share or the balance thereof shall be added to the shares for the Settlor's other children; and (3) The share for THOMAS G. THOMPSON shall be distributed to his then living spouse, discharged of the trust, and if there is no then living spouse, such share shall be held, IN FURTHER TRUST, for his then living issue, per stirpes, if any, otherwise such share shall be added to the shares for the Settlor's other children. D. The shares for any of the Settlor's grandchildren under the age oftwenty-one (2 I) years shall be retained by the Trustee who shall expend on each such grandchild, for his or her support, health and medical care, and education so much of the income and principal of each retained share as the Trustee shall deem best, and shall accumulate any income not so expended and add such income to the principal of each share, until each such grandchild, in turn, attains the age of twenty-one (21) years, at which time the then remaining principal balance and accumulated income therefrom shall be paid and distributed to him or to her, discharged of the trust. VI. PROVISIONS RELATING TO TRUST ESTATE The following provisions shall apply to the Trust Estate, all Trusts created hereunder, and to each share thereof: A. PAYMENTS TO DISABLED BENEFICIARY. In case any income or principal becomes payable to a minor, or to a person under legal disability or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is in the opinion of the Trustee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee in such of the following ways as he shall deem best: Page -3- (1) Directly to such beneficiary; (2) To the legally appointed guardian or trustee of such beneficiary; (3) To some relative or friend for the support, health and medical care, education, and maintenance in reasonable comfort of such beneficiary; or (4) By the Trustee, using such amounts directly for such beneficiary's support, health and medical care, education, and maintenance in reasonable comfort. B. SPENDTHRIFT PROVISION. No beneficial interest hereunder, whether in income or principal, shall be subject to anticipation, assignment, pledge, sale or transfer in any manner, nor shall any beneficiary have the power to anticipate, encumber or charge such interest, nor shall such interest, while in the possession of the Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary. C. COMMON FUND. For•convenience of administration and investment, the Trustee is authorized to hold the several Trusts as a common fund, dividing the income proportionately among them, to assign undivided interests to the several shares and to make joint investments of the funds belonging to the Trustee. For such purposes and insofar as may be practicable, the Trustee may consolidate any separate Trust with any other trust or trusts created by the Settlor or any member of her family by will or agreement, and may hold, administer and invest the several trusts as one or more common fund or funds and make joint or several distributions of income and principal therefrom, whichever the Trustee shall deem advisable. VII. ADMINISTRATIVE AND TAX PROVISIONS The Trustee shall have the power, but not the duty, to make such expenditures out of the Trust Estate as he, in his uncontrolled discretion, may consider necessary or desirable in order to facilitate the settlement of the 5ettlor's estate. In exercising such power, the Trustee may pay, in whole or in part, any or all bequests, claims, taxes and expenses in connection with the settlement of the estate of the Settlor, including but not limited to the expenses of her last illness and burial, her legally enforceable debts, her income taxes, and the death taxes on any or all property included in her gross estate for tax purposes. Any such items may be paid directly by the Trustee or the funds for their payment may be transferred by the Trustee to the personal representative(s) ofthe Settlor; and neither such personal representative(s) nor any beneficiary of the estate of the Settlor shall be required to reimburse the Trustee for any funds so paid or transferred. VIII. TRUSTEE'S POWERS The Trustee shall have the following powers in addition to those vested in him by common law, by statute or by the other provisions hereof, all of which shall be exercised in a fiduciary capacity, primarily in the interests of the beneficiaries, applicable to all property, including property Page -4- held for minors, whether principal or income, exercisable without court approval and effective until actual distribution of all property: A. To retain and to hold any securities or other property, real, personal or mixed, received from the Settlor, the Settlor's estate or any person without regard to any principle of diversification or risk. B . To invest and reinvest in all forms of property, including stocks, bonds, funds, endowment, insurance or annuity policies on the lives of beneficiaries of any Trust created hereunder and other securities, without restriction to investments authorized for Pennsylvania fiduciaries, as the Trustee shall deem proper without regard to any principle of diversification or risk. C. To sell at public or private sale, to exchange, to partition, or to lease for any period of time or the duration of any Trust created hereunder any real or personal property, and to give options for sales, exchanges or leases for such prices and upon such terms or conditions as the Trustee shall deem proper. D. To continue in any partnership, joint venture, joint ownership or other business enterprise of which the Settlor is a part. E. To hold property in the name of the Trust Estate, or in the name of the Trustee without designation of any fiduciary capacity, or in the name of a nominee or unregistered. F. To pay out of any funds belonging to the Trust Estate all ordinary and necessary expenses incurred in connection with the conduct, operation and administration of this Trust; to pay all taxes, insurance premiums, other legal assessments, debts, claims or charges which at any time may be due and owing by, or which may exist against, the Trust Estate; and to allocate receipts and expenses to principal or income, or partly to each, as the Trustee from time to time, in his sole discretion, shall think proper, except that: (1 }premiums paid on the purchase of bonds or other obligations for the payment of money shall be amortized out of income; (2) capital gains and losses shall be allocated to principal; and (3) current expenses shall be paid out of income. G. To vote in person or by proxy all securities belonging to the Trust Estate, and to become a party to any stockholders' agreements deemed advisable by the Trustee in connection with such securities. H. To borrow money from any person or institution for any purpose of this Trust, or incidental to the administration thereof, upon the bond or promissory note of the Trustee, and to secure the repayment thereof my mortgaging, creating a security interest in, pledging or otherwise encumbering any part or all of the Trust Estate without regard to the dispositive provisions of this Trust Agreement; and with respect to the purchase of any property and as part of the consideration given therefor, to assume a liability of the transferor or to acquire such property subject to a liability. I. To make any divisions or distributions of the Trust Estate required hereunder, wholly or in part, in kind or in cash, and to make non-prorata distributions of assets in kind. Page -5- J. To exercise any election or privilege given by the Federal tax and other tax laws, including without limiting the foregoing, the election of the alternate valuation for Federal Estate tax purposes and the election to claim items of deduction for estate tax or for income tax purposes, and to make or not to make equitable adjustments or apportionments for the exercise or nonexercise of any such election or privilege. K. Only after the death of the Settlor and the Husband and should the principal of any of the Trusts created hereunder be or become too small so as to make establishment or continuance thereof inadvisable, the Trustee, in his sole discretion, may make immediate distribution of the then remaining balance of the principal and accumulated income of any beneficiary's share to the legally appointed trustee of such beneficiary under Article VI(A)(2) hereof, or may appoint and pay such share to a custodian for such beneficiary under the Uniform Transfers to Minors Act of any state, without further obligation or responsibility for such distribution so paid. Upon such termination, the rights of all persons who might otherwise have a successive interest therein shall cease. L. To compromise, settle, arbitrate or defend any claim or demand in favor of or against the Trust Estate; to enforce any bonds, mortgages, security agreements or other obligations or liens held hereunder; and to enter into such contracts and agreements and to make such compromises or settlements of debts, claims or controversies as the Trustee shall deem necessary or advisable. IX. ADDITIONAL PROPERTY The Settlor or any person shall have the right at any time and from time to time, with the consent of the Trustee, to assign, transfer and deliver any other property of any kind to the Trustee, and such other property shall be held, administered and disposed of by the Trustee in accordance with the terms and provisions of this Trust Agreement without the execution of any further instrument or declaration. X. ACCOUNTING BY TRUSTEE The Trustee shall render annually, or at such other intervals as the Settlor, each income beneficiary and the Trustee may from time to time agree, statements of account showing in detail receipts, disbursements and distributions of both principal and income from the Trust Estate, and all investment transactions, except during such times as any beneficiary hereunder and the Trustee waive such accounting in writing. The written approval of an income beneficiary shall be final, binding and conclusive upon all persons then or thereafter interested in this 7.,rust for such beneficiary. While any income beneficiary is a minor or an incompetent, such beneficiary's parent, legally appointed guardian or trustee, other than any Trustee hereunder, or guardian of the person of such beneficiary for whose estate no guardian or trustee has been appointed shall receive such statements of account, and may otherwise act for and on behalf of such beneficiary with respect to Page -6- this Trust. The Trustee shall be protected in relying upon all such actions taken for and on behalf of such beneficiary. XI. COMPENSATION OF TRUSTEE AND EMPLOYMENT OF OTHERS The Husband while acting as Trustee hereunder shall not receive any compensation for the performance of his services as Trustee. Any successor Trustee may elect to receive a fair and reasonable compensation for services performed hereunder, which compensation shall not be greater than the standard fees charged for the performance of similar services by corporate banking fiduciaries with offices in Carlisle, Pennsylvania, in effect from time to time during the period over which such services are performed. The Trustee and any successor Trustee shall be reimbursed for all necessary and reasonable expenses incurred by them in the management and protection of the Trust Estate, and may retain and employ the services of others as accountants, counsel, agents and advisors for investments, or otherwise, and may act through attorneys-in-fact, with the reasonable expenses, compensation and fees therefor to be paid from the Trust Estate in addition to the compensation to which any successor Trustee maybe entitled hereunder. There shall be no further compensation due any successor Trustee at the termination of this Trust. XII. RESIGNATION AND APPOINTMENT OF SUCCESSOR TRUSTEES The Trustee or any successor Trustee may resign at any time upon written notice given to the Settlor, and after her death upon written notice give to the then current income beneficiaries hereunder. In the event the Husband fails to qualify or ceases to act as Trustee for any reason, the Settlor's said son, DAVID R. THOMPSON, shall be appointed successor Trustee. In the event he shall fail to qualify or cease to act as Trustee for any reason, the Settlor's said son, THOMAS G. THOMPSON, shall be appointed successor Trustee. In the event he shall fail to qualify or cease to act as Trustee for any reason, the Settlor's said daughter, SUSAN CAMPBELL, shall be appointed successor Trustee. In the event she shall fail to qualify or cease to act as Trustee for any reason, the Settlor's said son, DANIEL THOMPSON, shall be appointed successor Trustee. :[n the event the Husband and all of the Settlor's said children fail to qualify or cease to act as Trustee hereunder for any reason, a successor Trustee maybe appointed by any court having jurisdiction over this Trust. No successor Trustee shall be liable or responsible in any way for the acts or defaults of any predecessor Trustee or for any loss or expense caused by anything done or neglected to be done by any predecessor Trustee, but such successor Trustee shall be liable only for his or her own acts and defaults with respect to the Trust Estate actually received by him or her as successor. Trustee. Each successor Trustee shall succeed to all the duties and to all the powers, including discretionary powers, herein granted to the Trustee. The appointment of a successor Trustee may be evidenced by a duly acknowledged instrument delivered to the Settlor, if living, to the then current income beneficiaries and to the person, if any, then acting as Trustee hereunder, without the necessity of any other conveyance or transfer. Page -7- XIII. BOND AND LIABILITY OF TRUSTEES Neither the Trustee nor any successor Trustee shall be required to give bond or other security for the faithful performance of their duties in this or any other jurisdiction. Neither the Trustee nor any successor Trustee shall be liable for any mistake or error of judgment in the administration of the Trust Estate resulting in loss to this Trust by reason of investments, or otherwise, except for willful misconduct or fraud. XIV. POWER OF AMENDMENT AND REVOCATION The Settlor shall have the right at any time and from time to time during her lifetime by instrument in writing delivered to the Trustee to alter, amend or revoke this Trust Agreement, either in whole or in part; provided, however, that if altered or amended, the duties, powers and responsibilities of the Trustee shall not be substantially changed without his consent. In case of revocation, the Trust Estate, or that part thereof as to which this Agreement may be revoked, shall be redelivered by the Trustee to the Settlor or in accordance with her written directions. XV. SITUS AND POWER TO CHANGE The Situs of the Trust Estate for administrative and accounting purposes shall be Cumberland County, Pennsylvania, and all questions concerning the validity, construction and administration of this Trust Agreerent shall be determined under the laws of the Commonwealth of Pennsylvania. The Trustee or any successor Trustee may change the situs of the Trust Estate from the county and/or state in which it is then being administered to a new county and/or state. Such action shall be accomplished by a writing signed by the Trustee or successor Trustee, which shall be filed with the court then having jurisdiction over the Trust Estate. IN WITNESS WHEREOF, the Settlor and the Trustee, each intending to be legally bound hereby, have hereunto set their hands and seals, the day and year first above w ' n. dZ~.~ R_ - _ - .....~ ,. Mary Jane Thompson, Settlor, by her ;~.,. 1 °.. _ ~ C2 r ~ .\ ~ .:,. Attorney-in-Fact, David I. Thompson '~ David I. Thompson, Trustee Page -8- SCHEDULE OF PROPERTY The Settlor hereby assigns, transfers and delivers the following property to the Trustee, which property shall be held b~y the Trustee for the purposes set forth in the foregoing Trust Agreement of which this Schedule is attached and made a part: All Investments Listed on Attached Account Statements Page -9- COMMONWEALTH OF PENNSYLVANIA ) ss. COUNTY OF CUMBERLAND ) On this, the ' ~`~`day of f i~l' ~ ~ ~ , 2002, before me, a Notary Public, the undersigned officer, personally appeared David I. ompson, known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing Trust Agreement as Attorney-in-fact for Mary Jane Thompson, and acknowledged that he executed the same as the free act of his Principal for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. r aty Public NOTARIAL SEAL~y CORRtf1iE L IIAYERS, N~rtdC ~~ Car~ste Bono. Cumber) r~dCp~ Commission E ' ' es Ma 27, 200:1 COMMONWEALTH OF PENNSYLVANIA ) ss. COUNTY OF CUMBERLAND ) ~~ On this, the o~0 day of ~~r~. ~ , 2002, before me, a Notary Public, the undersigned officer, personally appeared David I. ompson , known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing Trust Agreement as Trustee, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ., 'ry Public NOTARIAL SEAL . CORRINE L. MYERS, Note Carpsle Boro, Cumberland~ou~ try Commission Ez fires Ma 27, 2003 Page -10- F.~FILES~DATAFILE~Estatc Phnoing19320.H4. WILL LAST WILL AND TESTAMENT I, DAVID I. THOMPSON, of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils by me made. ITEM ONE I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and all inheritance taxes shall be paid to the extent possible from the assets held or passing under ITEM SIX hereof as soon as practicable after my decease and as part of the administration of my estate. ITEM TWO In the event my wife, MARY JANE THOMPSON, shall predecease or fail to survive me by thirty (30) days, then I give such items of personalty as are itemized in a certain list attached hereto to the persons named thereon, which list is signed and dated by me at the end thereof. ITEM THREE In the event my wife, MARY JANE THOMPSON, predeceases me, I give the sum of Ten Thousand Dollars ($10,000.00) unto each of my grandchildren, the child or children of any deceased r`~-~~ grandchild taking or sharing in the amount their parent would have received, if living. Should any grandchild be under the age oftwenty-one (21) years, his or her share shall be held in trust by my ~' ~~ Trustee, who shall accumulate the income of each shaze and pay the said share and the accumulated ~~:r...! income therefrom to said grandchild, or his or her issue if deceased, as he or she attains the age of twenty-one (21) years. ITEM FOUR Ifmy wife, MARY JANE THOMPSON, is living thirty (30) days after my death, then I give, devise and bequeath all of my estate, both real and personal property, unto my wife, MARY JANE THOMPSON, absolutely. If my said wife does not so survive me, then I give, devise and bequeath all the rest, residue and remainder of my estate, both real and personal property, unto my Trustee to be held or distributed by such Trustee under ITEM SIX hereof. ITEM FIVE In the event my said wife shall disclaim all or any portion of any devise or bequest made to my said wife under the foregoing ITEM FOUR, then the amount otherwise payable shall be held by my Trustee under ITEM SIX hereof. For purposes of the Trust established under ITEM SIX hereof, my said wife shalt not be deemed tb have predeceased me by virtue of my wife's exercise of the right to disclaim set forth herein. -Jl/'' ~T. Page 1 of 7 Pages ITEM SIX RESIDUARY AND DISCLAIMER TRUST My Trustee shall hold the assets received under ITEMS FOUR and FIVE hereof, if any, for the following purposes: A. My Trustee shall pay the net income, at least quarter-annually, to my wife, MARY JANE THOMPSON, for life. In addition, my Trustee in my Trustee's sole discretion, may invade the principal of the Trust for the proper and adequate support of my said wife. B. My Trustee shall furtherpay to mywife, MARY JANE THOMPSON, annually, such sum from the principal of the Trust as my said wife may request in writing, provided, however, that said sum may not exceed the greater of Five Thousand Dollars ($5,000,00) or five percent (5%) of the aggregate value, at the time of said request, of the principal of the Trust hereunder. C. Upon the death of my wife, MARY JANE THOMPSON, or upon my death if she shall not survive me by thirty (30) days, my Trustee shall distribute the principal of the Trust, in equal shares, to my children, DAVID R. THOMPSON, SUSAN CAMPBELL, 'THOMAS G. THOMPSON, and DANIEL THOMPSON, absolutely. D. In the event that any of my said children shall fail to survive my wife and me, but shall leave a spouse andJor issue surviving, then such deceased child's share shall be held by my Trustee and administered and disposed of as follows: (1) The shares for DAVID R. THOMPSON and DANIEL THOMPSON shall be held, IN FURTHER TRUST, for his then living issue, per stirpes, and in default of any such then living issue, such share or shares shall be added to the shares for my other children; (2) Thirty-one (31 %) percent of the share for SUSAN CAMPBELL shall be distributed to her then living spouse, absolutely, and sixty-nine (69%) of such share, or all thereof if there is no then living spouse, shall be held, IN FURTHER TRUST, for her then living issue, per stirpes, and in default of any such then living spouse and/or issue, such share or the balance thereof shall be added to the shares for my other children; and (3) The share for THOMAS G. THOMPSON shall be distributed to his then living spouse, absolutely, and if there is no then living spouse, such share shall be held, IN FURTHER TRUST, for his then living issue, per stirpes, if any, otherwise such share shall be added to the shares for my other children. The net income therefrom shall be used by my Trustee for the support, maintenance and education of the issue of such deceased child or children. In addition, my Trustee shall use as much of the principal therefrom as he shall deem desirable for said purposes. My Trustee shall distribute absolutely to the issue, per stirpes, of such deceased child or children the principal of his or her share as each, in turn, shall attain the age of twenty-one (21) years. f Page 2 of 7 Pages ITEM SEVEN POWERS OF EXECUTOR AND TRUSTEE In addition to the powers conferred by case law, by statute, and by other provisions hereof, my Executor and Trustee and their successors, shall have the following discretionary powers applicable to all property held by them which powers shall be effective without order of any court and shall exist until final distribution. A. To retain any property of any nature received by them for whatever period they shall deem advisable; B. To invest and reinvest all or any part of said property in such stocks, bonds, common trust funds, securities, accounts, certificates of deposit (including, but not limited to, stocks, bonds, common trust funds, securities, accounts or certificates of deposit of the Trustee) or other property, real or personal, as in their discretion they shall deem proper, without regard to statutes limiting the property which a fiduciary may purchase; C. To sell, transfer, exchange or otherwise dispose of, any part of said property, for cash or on terms, publicly or privately, or to lease, even for a term exceeding five (5) years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give options for these purchases without the obligation to repudiate them in favor of a higher offer; D. To execute and deliver any deeds, leases, assignments or other instruments as may be necessary to carry out the provisions of any trust hereunder; E. To borrow money, including the right to borrow money from any bank and to mortgage or pledge any asset of the estate as security; F. To assume continuance of the status of any beneficiary with regard to death, marriage, divorce, illness, incapacity and the like in the absence of information deemed reliable without liability for disbursements made on such assumption; G. To pay from the trust, or the income therefrom, all debts or claims against my estate, or any taxes or similar charges on my estate; H. To make any distribution hereunder either in kind or in money, or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in my Trustee's absolute discretion, may cause the share distributed to any distributee to be composed of property similar to or different from that distributed to any other distributee; I. To exercise any subscription right in connection with any security held hereunder, to consent to or participate in any recapitalization, reorganization, consolidation or merger of any D.I.T. Page 3 of 7 Pages corporation, company or association, the securities of which may be held hereunder, to delegate authority with respect thereto, to deposit investments under agreements, to pay assessments, and generally to exercise all rights of investors; J. To invest in endowment, insurance or annuity policies on the lives of beneficiaries of any trust hereunder; K. To continue in any partnership, joint venture, joint ownership or other business enterprise of which I am a part at the time of my death; L. To compromise claims; M. To continue for whatever period of time as they shall deem necessary any ownership as a tenant in common or as a partner, in real estate or other property and to act as I could have done had I been living; N. To lend money to my estate or to any trust created hereunder or to purchase from the estate or from any trust created hereunder, at the market value thereof at the time of purchase, any securities or other property tendered to them by my estate or any trust created hereunder at any time and from time to time within a period of nine (9) months after my death; O. In the event that any amounts are payable hereunder or under any trust created hereunder to a minor, or to a person otherwise under legal disability, or to a person not adjudicated to be an incapacitated person, but who, by reason of illness or mental or physical disability is, in the opinion of the fiduciary(ies) hereunder, unable to properly administer such amounts, such amounts may be paid by the fiduciary(ies) hereunder in his, her or their sole discretion in any of the following ways as he, she or they may deem best: 1. Directly to such beneficiary; 2. To a legally appointed guardian of such beneficiary for the benefit of such beneficiary; 3. To a person having custody of such beneficiary for the benefit of such beneficiary; 4. By the fiduciary(ies) hereunder using such amounts directly to the benefit of such beneficiary. Evidence of the application of payment of an amount in such a manner shall be a full and complete discharge of the fiduciary(ies) hereunder to the extent of such payment or application. This paragraph shall be applicable to payments of income as well as principal. P. To employ agents, attorneys and proxies and to delegate to them such power as my personal representatives and Trustee consider desirable and to pay reasonable compensation for such services as maybe rendered by such agents, attorneys and proxies; ice" D.I.T. Page 4 of 7 Pages Q. To conduct an inventory of any safe deposit box necessary to the administration of my estate. R. To do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my Estate. ITEM EIGHT PROTECTIVE PROVISIONS All income or principal held for the use and benefit of the beneficiaries of any trust hereunder shall not be in any way or manner subject to anticipation, assignment, pledge, sale or transfer, nor shall any such interest, while in the possession of my Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary, or to attachments, executions or sequestrations under process of law. ITEM NINE APPOINTMENT OF EXECUTOR AND TRUSTEE I nominate, constitute and appoint my son, DAVID R. THOMPSON, as Executor of my estate. In the event that my said son shall predecease me or fail to act or continue to act as Executor, then I appoint my son, THOMAS G. THOMPSON, as Executor of my estate. In the event that my said son shall predecease me or fail to act or continue to act as Executor, then I appoint my daughter, SUSAN CAMPBELL, as Executrix of my estate. In the event my said daughter shall predecease me or fail to act or continue to act as Executor, then I appoint my son, DANIEL THOMPSON, as Executor of my estate. I nominate, constitute and appoint my son, DAVID R. THOMPSON, as Trustee of any trust created hereunder. In the event that my said son shall predecease me or fail to act or continue to act as Trustee, then I appoint my son, THOMAS G. THOMPSON, as successor Trustee. In the event that my said son shall predecease me or fail to act or continue to act as Trustee, then I appoint my daughter, SUSAN CAMPBELL, as successor Trustee. In the event my said daughter shall predecease me or fail to act or continue to act as Trustee, then I appoint my son, DANIEL THOMPSON, as successor Trustee. ITEM TEN COMPENSATION OF EXECUTOR AND TRUSTEE My Executor and my Trustee, as well as their successors, may elect to receive a fair and reasonable compensation for the performance of their respective services hereunder, which compensation shall not be greater than the standard fees charged for the performance of similar services by corporate banking fiduciaries with offices in Carlisle, Pennsylvania, in effect from time to time during the period over which such services are performed. ~~ D.I.T. Page 5 of 7 Pages ITEM ELEVEN WAIVER OF BOND I direct that neither my Executor(rix) nor my Trustee shall be required to file any bond in any j urisdiction to secure the faithful performance of their duties, nor shall they be required to obtain any order or approval of any court for the exercise of any power or discretion set forth in this Will. IN WITNESS WHEREOF I have hereunto set my hand and seal this ~Q`~ day of }-~..,Pj; ~ r-~ , 2002. J r9 '~ ~~ :: > , , d.~ vid I. ompson SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, as and for his Last Will and Testament, in the presence of us, who at his request, have hereunto subscribed our names as witnesses thereto, in the presence of the said Testator and of each other. ~. -'~ J/~~ .u f , ~~ r ,~ . ,~ Page 6 of 7 Pages COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ) I, David I. Thompson, Testator, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. ~,, (^-~ David I. Thompson ~U>~ da of o~ ~rme~~d two and acknowledged before me by David I. Thompson, the Testator, this y , 2002. ~~~ ,- ~ ~ N~ COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ) NOTARIAL SEAL rryy CORRIN£ L. MYERS. ~~xlCwuPubNc CarNsle Born. Cumbe ty My Commission Expires May 27, 2003 _ We, J a~i n ~3 rv c.ylzr- .~TL and ,. v ~ ~ . 3vvr ~ the witnesses whose names are signed to the attached or foregoin instrument, being duly qualified according to law, do depose and say that we were present and saw David I. Thompson, the Testator, sign and execute the instrument as his Last Will; that the Testator signed willingly and that the Testator executed it as his free and voluntary act for the purposes therein expressed; that each of us, in the hearing and sight of the Testator, signed the Will as witnesses; and that to the best of our knowledge the Testator was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. a~~ ••~ kd less ~ ..mot ~, ~ ~~ , Address ~ ~ . .k a u ~ ao ~ Sworn or affirmed to and subscribed before me this ~U day of f':°l frzk ~~ ~ , 2002. `~- No ~ Public CORAI(~E ~ MYERS, N Cardsle Boro, Cumberland Commission Expires Ma 27 2~ 3 Page 7 of 7 Pages