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HomeMy WebLinkAbout03-16-111505610140 REV-1500 ~` (°'-'°' PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes County Code Year File Number PO Box 280601 INHERITANCE TAX RETURN 2 1 1 0 0 6 7 5 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 1 4 2 0 3 9 4 2 1 0 6 2 6 2 0 1 0 1 0 0 4 1 9 1 8 Decedent's Last Name Suffix Decedent's First Name MI HARRI S HARRI E T D (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 Q 1. Original Retum 4. Limited Estate OX 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust 0 (Attach Copy of Trust) 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number J OEL R. ZUL L I NGER 71 7 264 6029 First line of address 14 NORTH MAI Second line of address S U I T E 2 0 0 City or Post Office C H A M B E R S B U R G Correspondent's a-mail address: N S T R E E T State ZIP Code i PA 1 7 2 0 1 REGISTER WILLS USE dML'Y 1 ~O ~__ -,1 t ~.- ~ ~, - - ~, ~. , _. ~ . ,_.C >~7 C :~ C_) =n -~ ti _ ~~ r Dr(rJEFILED .. - .. a.: .~ r ~ i ~-_') r~ O -,-, unaer penalties f pequry, I decl re that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, co and complet eclaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNA E OF PERS ESPONSIBLE FOR FILING RETURN ~~i y~~~ 146 PUGH DRIVE SHIPPENSBURG PA 17257 SI URE F P E T HAN REPRESENTATIVE ~~~E//J : ~-'~- NORTH M STREE ,SUITE 200 CHAMBERSBURG PA 17201 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610140 1505610140 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: HARRIET D. HARRIS 1 4 2 0 3 9 4 2 1 RECAPITULATION 1. Real Estate (Schedule A) ......................................... .. 1. 1 0 7 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 and Notes Receivable (Schedule D) ........................ .. 4. 5. Cash, Bank De osits and Miscellaneous Personal Pro e ) p p rty (Schedule E ..... .. 5. 2 5 2 0 • 9 7 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ..... .. 6. 2 9 7 3 1 2 2 7. Inter-Vivos Transfers 8~ Miscellaneous Nom,-Probate Property (Schedule G) u Separate Billing Requested ..... .. 7. 8. Total Gross Assets (total Lines 1 through 7) ......................... .. 8. 1 3 9 2 5 2 , 1 9 9. Funeral Expenses and Administrative Costs (Schedule H) ........... .... ... 9. 1 6 5 3 5. 9 2 10. Debts of Decedent, Mort a e Liabilities, and Liens Schedule I 9 9 ( ) ...... .... 10. ... 2 7 3 8 • 9 7 11. Total Deductions (total Lines 9 and 10) ........................ .... ... 11. 1 9 2 7 4 . $ 9 12. Net Value of Estate (Line 8 minus Line 11) ..................... .... ... 12. 1 1 9 9 7 7. 3 0 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 1 9 9 7 7. 3 0 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2)x.o _ 0. 0 0 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate x .045 1 1 9 9 7 7. 3 0 1s. 5 3 9 8. 9 8 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18. 0. 0 0 19. TAX DUE ............................................... ..... ..19. 5 3 9 8. 9 8 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 1505610240 1505610240 J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 10 0675 DECEDENTS NAME HARRIET D. HARRIS STREET ADDRESS - - 12 Lantern Lane CITY - __ -- - - - STATE - - -- ZIP Shi pensbur ~ PA 17257 Tax Payments and Credits: 1 ~ Tax Due (Page 2, Line 19) 2, Credits/Payments A. Prior Payments 4,702.50 B. Discount 247.50 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5, 398.98 Total Credits (A + g) (2) 4, 950.00 (3) (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 448.98 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 properly transferred : ...................................................................... ^ b. retain the right to designate who shall use the property transferred or its income; ............................... ^ c. retain a reversionary interest; or ................................................................................................ ^ d. receive the promise for life of either payments, benefits or care? ....................................................... ^ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ^ 3. Did decedent own an "intrust 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? ......................................................................................... ^ 0 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 Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P,S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)j. • 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)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1502 EX+ (01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: HARRIET D. HARRIS 21 10 0675 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property that 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. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION 1. Air Space Estate, with improvements, known as Lot No. 145/Phase 5 on a Land Develop- ment Plan for Country Side Village Phases 5,6&7, recorded in Cumberland County Plan Book 82, Page 005, Southampton Township, Cumberland County, Pennsylvania, with mailing address of 12 Lantern Lane, Shippensburg, Pennsylvania, appraised by 107,000.00 Ausherman Bros. Real Estate, with copy attached. It is the intention of the estate to sell the property but to date, no offers to purchase have been received. TOTAL (Also enter on Line 1, Recapitulation.) I $ 107 000 00 If more space is needed, use additional sheets of paper of the same size. REV-1508 EX + (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. IN RESI DENTEDECEDENT N PERSONAL PROPERTY ESTATE OF FILE NUMBER HARRIET D. HARRIS 21 10 0675 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. Refund of lot fees 84.00 2. Refund 29 72 3. Proceeds from private sale of decedent's automobile 570.00 4. Refund of car insurance 190.00 5. Refund of health insurance 211.25 6. Private sale of personal property 1,436.00 TOTAL (Also enter on line 5, Recapitulation) I $ 2 520 97 (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF: FILE NUMBER: HARRIET D. HARRIS 21 10 0675 ff an asset was made jointly owned within one year of the decedents date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME(S) ADDRESS RFI ATI(11JCUID TIl r1C!`CI1C\IT A. George D. Harris 146 Pugh Drive Shippensburg, PA 17257 son B. C. JOINTLY•OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECEDENTS INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERESI 1. A. 10/02 Checking Account #10200982, Orrstown Bank, 8,141.14 50. 4,070.57 including interest accrued to date of death 2. A 1/03 Savings Account#703002871, Orrstown Bank, 51,321.30 50. 25,660.65 including interest accrued to date of death TOTAL (Also enter on Line 6, Recapitulation) I $ 29 731 22 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (10-09) pennsylvania DEPARTMENT OP REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER HARRIET D. HARRIS 21 10 0675 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Fogelsanger-Bricker Funeral Home, funeral services 11,251.00 2. Engraving marker 90.00 B. ADMINISTRATIVE COSTS: Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City Year(s) Commission Paid: State ZIP 2, AttomeyFees: Joel R. Zullinger 1,900.00 3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation.) Claimant Street Address Chy State ZIP Relationship of Claimant to Decedent 4• Probate Fees: Register of Wills -Letters 260.00; short certificates 16.00; will 15.00; 334.50 JCS fee 23.50; automation 5.00; filing return 15.00 5 Accountant Fees: 6. Tax Retum Preparer Fees: 7. George D. Harris, travel expenses for funeral services 273.71 8. Ausherman Bros. Real Estate, appraisal of real estate 325.00 9. Maintenance on fireplace at decedent's residence 74.95 10. Cleaning of decedent's residence 75.00 11. Pest control at decedent's residence 337.61 12. Appraisal of personal property 185.00 13. Electric utilities at decedent's residence 175.74 14. Gas service at decedent's residence 273.62 15. Lawn maintenance at decedent's residence 461.50 16. Notary fees 5.00 17. Cumberland Law Journal, advertise letters 75.00 18. News-Chronicle, advertise letters 113.00 TOTAL (Also enter on Line 9, Recapitulation) 3 16 535.92 If more space is needed, use additional sheets of paper of the same size. Continuation of REV-1500 Inheritance Tax Return Resident Decedent HARRIET D. HARRIS 21 10 0675 Decedent's Name Page 1 File Number Schedule H -Funeral Expenses ~ Administrative Costs - B7 ITEM NUMBER DESCRIPTION AMOUNT 19. Water service at decedent's residence 76 97 20. Homeowner's insurance on decedent's residence 242.00 21. County/Twp. real estate taxes on decedent's residence 266.32 SUBTOTAL SCHEDULE H-B7 I 585.29 REV-1512 EX+ (12-08) Pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES ~ LIENS RESIDENT DECEDENT ~ ESTATE OF FILE NUMBER HARRIET D. HARRIS 21 10 0675 Report debts incurred by the decedent prior to death that remained unpaid at the date of death including unreimbursed medical ex enses , p . ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1. Health insurance premium due at death 211.25 2. Car insurance due at death 215.00 3. Paramedics service due at death 901.03 4. Lawn service due at death 58.30 5. Electric utilities due at death 79.26 6. Pest control service due at death 40.81 7. Pharmacy charges due at death 91.65 8. Telephone service due at death 14.16 9. Gas bill due at death 37.41 10. School real estate taxes due at death 1,020.90 11. Water service due at death 38.20 12. X-ray services due at death 31.00 TOTAL (Also enter on Line 10, Recapitulation) I $ 2 738 97 If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF: FILE NUMBER HARRIE T D. HARRIS 21 10 0675 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 [Indude outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. George David Harris Lineal 146 Pugh Drive residue of estate Shippensburg, PA 17257 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18 OF REV-1500 COVER S HEET, AS APPROPRIATE. II. NON-TAXABLE DISTRIBUTIONS: 1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ ~~ ~~~~~~ ~Naw ~~ ~~~,~,, ~sC auwiwnai sneers or paper or me same size. r.a ~'_~ s ~RZ - 5 . l ha-_rri s . 2w March 1 : 2006 `~ ~ - _Z7 r 7`,~ ~~ _'i ~ ~ t _. LAST VJ'ILL AND TESTP~IENT ~-~ r ~,~ I; HARRIE'T' D. HARRIS, of 12 Lantern Lane, Shippensburg, Pennsylvania, being of sound and disposing mind, memory and ur_dersta_nding, do riereby~~ decla=re tiiiS ;.o be nt`v Nii1, r~ereb~,% -_- ~'~--~ -; an .- and a~ _ _c__=- ,-_l~_ ~..Ci ~a~_ic___ --'~'=-__~_ ; -- ~~,,= e~_et~~ ~,~re ~~_ade . _ _ _ ~_=r,en8e J-,= ~ r,_ ~,dmi nist-i~at~icl, of ,jV/ -slat= _ _ _. II, I gi-.e; de-,ise and~equeath the --esidue of m'_v estate.. of ever-:~ nature and wherever situate to my son, George David Harris, provided however, should my said son predecease me or die on or before the thirtieth day following my death, the residue of my estate shall be distributed to his issue, per stirpes, living on the 31st day following my death. III.. In the event that anyone entitled to a share of my estate shall be under the age of eighteen years at= the time for distribution to such beneficiary, I constitute and appoint Kathleen F i;. =iat"_-= as ~rtlStee v_ ai1LLJ prGi~ert_y ;n1i11 ch TJasseS °_lti~er uiZd.°_r _,1_b --- -- -',-'fie-'`~l___ ~V ~__~ ~ .~el~~.i ~_~?" ~. `~a:L'd __i~=~~_ -ZG~- -', -i,e h_ - _ _`. _ ~01e ':'1SCret I :.)n at"IQ ',;~ tPnn-i,~j- r1l"de.C ,_ _ __ - `co i-, _.~ ._ - - - - _ - - - _, _ __,_.-'- _--. _... ..- - -~- ---. r--- _--' --- - - _- - ---'--_- --- -- - ~iCf° ~_ _'-Ctl`1t2C?n =-a~~~ It ~uCtl bei~eLlC1a~ ~~ ~1~5 'J.1U?" =0 ~1~ta1I:~1~1cf the age of eighteen -_rea-rs, said trustee is authorised in the trustee's discretion to ~av mart or all of ~'_he beneficiary's funeral expenses and the ~~emaining balance in the hands of said trustee shall be di stributed to the benefici art ' s ,ti.ersc~nal representative . In the event the funds held by the trustee for any beneficiary become in the opinion of the trustE:e too small. for proper and efficient administration, the trustee, in the trustee's sole discretion, may deposit such funds in a savings acco~,ant in the name of the beneficiary. Page 2 Tv. Any fiduciary under this will shall have the following powers in additio n to those vested in them by law and by other provisions of my will applicable to all property whether principal or income, including property held for minors, exercisable without Court ~~oprlJ~%l; a?1U ~! LecL1Ve l_lT'iLZL aclrl~al ~~ ~~JLr.LJJu~~loll of a__ prokJCll.'/ .c ~erc,cn~_- -,,,i~h:~„r r°~"a.rC. ~o =_n - ~-r--.:c-'~!= ~L ^o ~e11 at public or pri-%ate sale, ~~~. exchange ~,_ ro lease for anv period of time anv real or personal yroperty and ~o gi~,~e options for sales, exchangees or leases, for such prices and upon such terms or conditions ~; aS they deem proper . D. To allocate receipts and expenses to pr~_ncipal or Income '"~ or partly to each as they from time to time think proper. r~ E. To compromise any claim or controversy. ~` ~`, F. TO distribute in cash or in kind or partly in each. Page 3 G. To hold property in their names withoui~ designation of any fiduciary capacity or in the name of a nominee or unregistered. ~~ _. --r- _- ,_ -21 i 7-~1 =y =--~-_ ~=`_ ~e ~ssess~d __~ ~o.~s ria_~ o= ~- ~',- ~ i - i =.~ ?_ 7~ttiar= - 7"~ ~ - -`Jr'_ate~.~?=r ~Llr~sd_ - -1~ ji1f:C~r=r( ~; _~ =:t7ou=d_ ~-~~% son. =eorae ~a-Tid Barris ,predecease m` _ai 1 ~~~, - Quali fT~~ or cease to act , ~ appoint n1v daughter- i n-law, ~~~athleen ~ . -~ar-ris as ~ ~ecut-ri ~ of this z1v -~~i 11 . `I 2 ~ . :~ ~ ``\ - ~ No bond shall be required of any fiduciary hereunder in any ~` jurisdiction. ,~ Page 4 iiv VvI113ESS w"FiEREOF', I hereunto set my hand and seal to this my last will and testament, consisting of six typewritten pages, the first four of which bear my signature in the margin for the purpose of identificati on this ~~. day of ~--,-~~r~,.~~.~-.~ 2 f.~~~ . ~/ --- _ r CFA /~ ~~:~~~' ~'~~2'~~:r`~' , tree CeStatrl-= and ~he ~iltneS~eS ,- ~ ,` res~ecti-rel~.- , -.~-hose names are signed to the attached or fo-_regoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last will and testament and that she executed it as her free and voluntary act for the purposes t:herein expressed and that each of the witnesses, in the presence and hearing of the said testatrix, signed the will as witnesses and to the best of Page 5 their knowledge, said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. i 4 T--~ . Testatrix ^. i ~ '"f ` ~~ ,~ ,i -~ Witness i"" f~ ~_ - ,;- +~itiiesS -.. `j',~=,-~r1."~~_~i. =.'i01"__ ~O 1.1,_~J %C.~170~wl~daer bef ore me b~,~ she abo-~e-named signer and ~h=cri~.d =.nd ~~-Dorn ~o hefor~ ale r-_- ~l-,e ~; - - <. ~, Page 6 Ausharman Bros. Real Estate Inc. [_Page #1 R ESIDENTIAL APPRAISAL SUMMARY REPORT FlIeNo.: 12LANTERN Pto~erty Address: 12 LaMem Ln __ City: Shippensburq State: PA Zi Code: 17257-8769 U _ Courtty: Cumberland __ _ __ Legal Description: Cumberland County Deed Book 255 Page 1169 Assessor's Parcel #: 39-13-0102-103 m TaK Year. 2010 R.E. Taxes: $ 1448.00 S ecial Assessments: S N!A_` Borrower ('rf applicable): Appraisal for Valuation Pu ses Cmrerit Owner d Record: The Estate of Harriet Hams Occupant X OOwner Tenant ~ Vacarrt 'Manufactured Housin ------- - ~ _ X PlR? ~ T '' Condominium 'Coo ranee Other describe HOA: $ 280.00 per year X per month Market Area Name: Count Manor Ma Reference: 39-13-0102-103 Census Tract: 0131 01 . The a ae ~ ttns ap'nrsal rs to develo' an aainion ot: /Market Value (as defined) or other type of value (describe) This re ort reflects the fdkrwatg value (if not Currerd see comments): _ Cunent the I~ection Date is the Effective Oate ~` Retros ective Pros ective - ~ ' z -- -- roaches developed for this ap~sal: x Sales Comparison Approach Cost Approach ,Income Approach (See Reconciliation Comments and Scope of Work1 P ed: ~ Fee Sim le ;Leasehold i Leased Fee Dther describe - " - Q kdended Use: To establish an opinion of market value for estate settlemen~urposes -_ ¢ ' kiterMed Users b name or The Estate of Harciet Harris is the only identified users of this report. _ Client: The Estate of Harriet Harris Address: 12 Lantern Lane Shippensburq, PA 17257 i pra ser. David J. Cotetta Address: 228 No rth Second Street Cha mbersbu PA 172 01 Location Urban Suburban ,Rural Buih u ;Over 75% 25-75% 'Under 25`Y P ~ Predominant Occupancy One-Unit Housing Present Land Use Change in Land Use , a G th t ' PflICE AGE One-Unit 45 % X Not Likely o row ra e !Rapid x Stable . Slow ,~ Owner 95 S(000) (yrs} 2-0 Unit % ___. !Likely * In Process " Property values ! Ucreasing !Stable ~ Declining ' ;, Tenant 75___ Low new Muhi•Unit % ` To: ~ DemanNsuppty: :Shortage In Balance X' Over Supply X Vacant (0.5%) __ 200_ Hi h 35 Comm'I % M time. Urufer 3 Mos. }~ 3.6 Mos. Over 6 Mos. Vacant >5% 115 Pred 5 Vacant 55 % Maritet Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): Home prices have retreated from record highs of the past several veers. Cumen~ this submarket is experiencing extended marketing times It is common for sellers to assist Viers with dosing costs. Credit restrictions have tightened and mortgage money is not as readily available is the maket is accustomed to. Market area is considered to be the Country Manor develoooment as the subieet is located on a leased lot in a gated community _ Dimensions: N!A Site Area: N/A Zadng Classificaipn: Residential _W Description: residential uses permitted _ Zonin Compliance: ~ Le al Le al nonconformm randlathered Itle al I No zonin Aro CCiLRs icable? }~ Yes No ` Unknown Have the documents been reviewed? Yes X No Ground Rent rt licable $ 280( month Highest & Best Use as improved: ~ Present use, or [ Other use (explain) AcWal Use as rrt Effective Date: Residential dwelling ~ _ Use as appraised in this report: Residential Dwelling - __ = _ __ Summary of Highest 8 Best Use: Based on the current improvements local land uses and ~ -- __.........__ ~u ose of the appraisal a residential dwelling is the chest and best use. ~ -- Ub'Btles Public Ottrer Pravider/Descdption OtFstte Improvements Type Public Private Topography At Street Grade W: ~~' X '. _ Street asphalt ~ Size - ¢ to _`_._._ Gas X I ; _ CurWGutter Conc. _ -- - _' _ Shape nearly rect. __ Water x ~ ~ ~ ~ _ _. Sidewalk None _ __ ~ Drainage a ors ad uate Suatary ~'~ '~ ~ ~-_,_ _ Street LigMS _None ___ __ _ _ __ Wew average St S orm ewer Alle none Other site elements: X inside Lot Comer Lot ' Cul de Sac ! :Under round Utilities ', Other descdbe FEMA Spac7 flood Hazard Area ' !Yes ;~ No FEMA Rood Zone X FEMA Ma # 42041 C0361 E FEMA Ma Date 3/16/2009 Site Canmen(s: Appraiser noted no adverse easements or encroachments. GerreralDasaipUon Extertor0eserlption Foundation Basement ~~ None Heating # d Urtits 1 __ I Acc.Unit Foundation block Slab Area Sq. Ft. Type FHA # d Stotler 1 _ ' Exterior Walls Stn/vinyl ____ __ Crawl Space yes _ % Finished _. Fuel Elec Type Det. Att. i D S RootSurtace shm le.....___,_ Basement ~ - Ceiling ~ _ ----- gn ( es tyle] 1st Gutters 8 Ovmspts. alum. Sump Pump Walls Cooling C-Ac '<Exisbng Proposed _ IUnd.Cons. Window Type sgl_h~___ __ Dampness Floor Cemraf X N Actual Age (Yrs.) 8 Storm/Screens X __ Settlement -_ Outside Entry Other W Effective a rs. 5 _ Infestation ~ _ -- w - InteriorOesaiption Appliances Attic ~CNOne Amenities Car Storage !None Floors ! R ' C ww -vin I efrigerator p Stairs .Fireplace(s) # __ 1 Waodstove(s) # ~ Garage # of cars ( 2 Tot.) Wals d all Range/Oven .p! Drop Stair Patle - Attach. 1 _._ _~ _ TdmyRnish wd. Disposal ~ Scuttle ' Oeck Detach ru _ _ _ . Bath Boor ww. Dishwasher X'. Doorway Porch 1 v Btt •!n Bath Wainscot fib Is FaNHood 'Floor Fence - Cain ~- ~ _ Ooars hollo. Microwave jp Heated i Pool _ __ Driveway 1 z Q WasherlD er p Finished Surface Conc. Fmished area above rode contains: 6 Roams 2 Bedrooms 2 Bath ) a s 1,421 S ware Feet of Grass Livin Area Above Grade AddNortalfealures: none noted U o Describe the condition of the property (ncluding physical, functional and ex(ernal obsolescence): Overall condition of the subject property is noted to be average. i A ppra ser noted water stains on garage ceiting_ ~__.__ __._ ® ~ Copyd~ 2007 by a la made, inc. this form may tie reproduced unmodilietl without written permissim, irxveva. a la mode, inc. rrust be acgwwledged and credited. RE51 DENTIAL Porm GPRFSp.'Win7n7ar ~ ,~~,,;~,, ~~r,...,,e ~., ~ ,. m.._ :__ . e~n ., ...n~. ~,~~~, RESIDENTIAL APPRAISAt_ suMnnntzv R~pinQT Pas #2' ___ __ _ _ _ me nC„ lGLA1VitKIV MY research '', ' rGd X ~ not reveal any prior sales or tiansiers of the subject property for the three years prior to the effective date of this ~rpraisal. Data Sources : Assessment office O 1st Pdor Sub' Sale/Transter Anatysis o1 sale/transfer history and'or an currerd a f d i l i r~n Date y greemer o sa eJl st ng: No prior transfers noted for the : No revious sale 36 month P i comparable sales, the subject property transferred as noted above in what appears to have been an arms r ce: N/A length transaction. Source s :MLS! STEB - - --- - z 2nd Prior Sub' SalrJTransfer -- - - Date: - - -- - - r- Price: --- Source s SALES C061PARISON APPROACH TO VALI D develo The Sales Com orison A roach was riot devda ed for this FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address t2 Lantern L n 8 Lantem lane 11 Lantem Lane 77 Lantem Lane Shi ensbu PA t7257-8769 Shi nsbu __ _ _- _- Shi nsbu Shi nsbur Proximity to Subject 0.02 miles S _ -- _ ____ 0.02 miles SE 0.15 miles NE Sale Frice $ N/A $ 129 900 $ 1 14.000 $ 118 500 Sale Price/GLA $ / .h. $ 77.78 /s .h. $_ 80.51 Isq.ft., $ 64 65 /s .tt. Data Sources I tion MLS. _ MLS . MLS Vetificatien Source s Ins ection __ _ __ STEB_Y . __ C_House . __ C.House - VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION ±~._) S Adjust. _ DESCRIPTION _ I t (-) Adjust. DESCRIPTION + - $ Ad ust. Sales or Financing Cash 204DOM j Cash 131DOM Cash 129DOM Concessions none ~ none N Date of Sale~me NIA _ 3/31/2010 7/28/2009 one 6117/2010 __ Ri hts raised _ _ Fee Sim le __ Fee Sim le _ _._ -- - - T __ Fee Sim le F Si l - _ _- _ Locatmn _ Avera a av - -_ - _ _ av _. _- ee m e a -- - Site NIA _ _ -- N/A ~ N/A -- - ._ ~ N/A I View _ avers e - - avg av ~ I Desi n S le - 1st ----- . - = -- --- t st ~ _ - ___ _ 1 Sty av 1 ~ -V Oual' of Constnrction stn.vinlav _ sfi~n U a _ fi_. _ ~ _ ~ _ _.__- - -- vin /avq s - sfi/vinvUavc e __ g _.____ 5 I _ _ 9 --- d - Condition aver s a Good + -2 500 _ _ Avera e __ _ ~ Ab G ' ~_ __ , _ __ ~ Avers e _ ove rade Total Bdrms Balls Total Bdnrts Baths Total Bdrms' Baths Total Bdrms' Batl _ Room Count 6 2 2 6 2 2 -~ -- _- - 6 I 3 ts 6 3 Gross Livin Area 1 421 s .Tt 1.670 soft.; -4 980 _ 1416 s ft +100 fl 183 ! Basement & Fnished none none -(~ - ~ . . none 3 sq. ., none -8 2.4.0_ Rooms 8dow Grade NtA N/A N/A i Ny Functional U18' A a _ -- - av9____ -- - - _ _ av i q avq Heatin Coolm FHA/C-AC - -- FHAI C-Ac , - FHA! C-Ac __ FHA! C A = Ene Efficient ttems Insul. wrdws, _ _ - insul. wiiws _ _~ insul wdws - c i i l i Gars e/Ca ort . ~ _ nsu wdws. 1 car att. Gar. 1 car att_gar._ -___-_ _-. 2 ~r gar. T _2 500 2 car gac -2 500 ~ PorctVPaUo/Deck Porch _ ~ P r h ti _ __ , o c ~a o _ 1.000 - --- Porl E. or. __ _ -2 000 e.por.. ' -1 000 Kitchen Std kitchen _ - Sup. Kitchen _ _ -5 000 ~ Std Kitchen Std kitchen ____ Q Frceolace 1 FP 1 FP none _ ___ _ - 2 -- - - -- +t 000 ----~- 1 FP m ---- _ ~ _ ~ _ _ _.. - - -- --- -- _ 4 Net Ad' stment oral + `~ $_ ___73-,480 + X - S -3 400 + ~~ ~< - $ - _ --11 740 Adjusted Sale Price Net. 10.4 % Net 3.0 9b Net g.g of Com ambles 6roeS 10.4 % $ 116.420 Gtdss 4.9 % $ 1 t 0 600 Gross 9,9.90 $ 106 760 ~ 4 Summary of Sales Comparison Approach All th ree sales would a , eal to the same market as the subject property and are the most recent, best P.P._..-..____ m comparable sales available to the appretse r at this time.-This report-is being completed as of June 26. 2010. hMicated Value Sales Com dson A ch S 107,000 Kt51UtN I iHL --- --- _,_.-..---,~.-......._,...._,..,.„~~~.~,,,,,v,.~~,,,~,,,,~„~,,,,~,~~~„e~~r,e,rnsuun. imrrever,a,a moue. mc. must oe acrmowletlged and credtted. krm GPRES2 - ^WinTOTAL° appraisal software by a fa mode, inc -1-800-ALAMODE 3/2007 RESIDENTIAL APPRAISAL SUMMARY REPQRT f~rleNo.: 12t11NTERN caner LPaoe #31 ---• ~ • • •-....., , v ......n. n uc.orv ~ ~ ~ uc ~usr H proacn was nor aevelo ed for this a raisai. Provide adequate information for replication of the foliewing cost figures and calculations. upport or a opinion of site value (summary of comparable land sales ar other methods for estimating site value): z ESTIMATED 'REPRODUCTION OR '', REPLACEMENT COST NEW OPINION OF SITE VALUE _ -$ ~ p' Source of cost data: _ _ _ li O i f _ _ DWELLING Sq•Ft• @ S -S -- ua rat ng rom cost service: _ EUective date of cost data: . - C _ - -- ---- -- Sit =°~S S omments on Cost Approach (grass living area calculations, depreciation, etc.}: Sq.Ft. @ $ v.g a' Sg Ft @ S S Buyers and sellers do not use the cost approach as a determinant of . . = Sq.Ft. @ S =$ ~ va ue. ----- - _S - ---- _ -___-- Garage/Carport-_-- ._-, S_ q Ft. @ S - =S _ _ ~ _ __ __ - Total Estimate of Cast-New .g - Less Physical ~ Functional - External De reciadon I - ___--- _ _ -__ -.___ -...-_ ~ -_-_ _ _~ __ ______ __ =S De reciated Cost of im rovements ____~ .~ =S ____- "As-is" Value of Sfte im rovements _- ~ -- - ------- -- __-_ ---- -- =S EslimatedRemainin EconomicLite dre wired: Years _ __ ~$ INDICATED VALUE BYCOSTAPPROACH --=3----_._- x INCOME APPROACH TO VALUE if develo The Income A roach was not dev elo ed for this a raisal. Estimated Mon Market Rent S X Gross Rent Multi lifer _-__ ~ = S _^ Indicated Value by Income Approach S f I ummary o ncome Approach (including support for market rent and GRM): _---, _. _ _ ~_ ____ _ a a --------------- ___....~ - -- - _ _ - - -- -- - _ ____ _. _ - ,. PROJECT INFORMATION FOR PUOa If a Iiceble - The Sub act is art of a Planned Unit Develo ment. Legal Name of Project: Country Manor A Describe common elements and recreatlonai facilities: Gated community age restricted t 55+ years old) Gubhouse rec. area, sewer and trash included a in HOA fee. Indicated Value by: Sales Com rison Approach S 107 000 Cost Approach (if developed) S Income proach (it developed) S Rnal Reconciliation All weight is given to the Sales Comparison Approach as it is most reflective oT buyers and sellers in the marketplace. z _ - This a rai l i d ~ " i " " g pp sa s ma e as s , ~ !subject to completion per plans and spec dications on the basis of a Hypothetical Condition that the improvements have been ~ completed, ! subject to the following repairs or akerations or. the basis of a Nypotheticai Condition that the repairs or aheration<, have been campletetl, ' subject to the following required inspection based on the Extraordinary Assumption that the conditi d fi i on or e c ency does not require alteration ar repair. - -_. - _.__ ut __~---- _._.~_-_ __ __ _ __ _._._. X This re rt is also sub' ct to other H othetical Conditions andJor Extraordina Assum lions ass tilled in the attached addenda . Based on the degree of inspection of the subject properly, as Indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions ' , and Appraiser s CedHicaUona, my (our) Opinion of the Market Yalue (or other specified value type), as defined herein, of fire reel property that is the subject of this report is: S 107,000 , a: of: June 26, 2010 which is the effective date of this appreisal. If indicated above, this Opinion of Value la subject to Hypothetical Conditions and/or ExtraoMlnary Assumptions'included in thi t S s repor ee 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 be z properly understood without reference to the irdonnadon contained in the complete report. Attached Exhibits: ~ Scope of Work 'Limiting CondJCertHications Narrative Addendum i~. Photograph Addenda ~'. Sketch Addendum ~ ~ Map Addenda Additional Sal s ' C e nst Addendum .Flood Addendum Manuf. House Addendum a H othetical Conditions ! Fxtraordina Assum Gons Client Contact: __- __~_- __ Client Name: The Estate of Harriet Hams ~ _ EMaiI: Address: 12 Lantern Lane, Shi ensbur PA 17257 APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) /~ 1 `/, N E /, %r ' ' ~ Appraiser Name: David J. Colette ~ ~~" - _ Supervisory or Co-Appraiser Name: Company: Ausherman Bros. Real stated c. _ - -- Company: tar Phone: 717-2646715 F ~ ___~_ _- ___ ~~ _ Phone: Rrx E•Mail: doves r a.net __ ___ ___ E-Mail: --- _-~---~ -'-- ^ Date of Repoli (Signature): July 12, 2010 ___ __ Date of Repoli (Signature): __ License or Certification #: RL-003677 L State PA_ __ _ _ _ license or Certification #: State: Designation: - -- __ _ _ Designation: -- ---- -- Expaation Date of License or Certification: 6/30/2011 Expiration Date of License or Certification: Inspection of Subject: }~! Interior ~ Exterior Ezferior Only None - ---- Inspection of Subject I Interior 8 Exterior `Exterior Only 'None Date m Inspection: Jul 9, 2010 Date of Ins action: R ES I D E NTIAL ~~~~ rwr oy a la mode, inc. This form may 6e reproduced unmodified without written permission, however, a la made, inc, must oe acknowledged and credited. Form GPRES2 - "WinTOTAI" appraisal software by a la mode, inn. - i •80D•ALAMODE 3/2007 Ausherman Rrns Real fctate Inr FIRREA / USPAP ADDENDUM Borrower Appraisal for Valuation Purposes ~_ ___ File No. 12LANTERN Prope Addnss 12 Lantern Ln ------- -_.._ _._ _ _ _ .._ _^ _ C Shi nsbu __ _ Courtly Cumberland _i State PA Zip Cade 17257-8769 Client The Estate of Harriet Harris - Pu ~ This re ort is bein done rivatel for The Estate of Harriet Harris to~rov_ide an opinion of market value for non-on ination urgoses. Scope Of Wank An interior ins coon of the subject ro rt was made. A complete review of the neighborhood and market conditions was completed Within the --- - a sisal the a raiser considered all three a roaches to value. The sales comparison approach was developed and is considered to be the best a roach a livable as it reflects current market conditions. Uitended Use! Intended User Intended Use: As noted above to as en aid in a federal) related mortgage transaction. ___ (mended Users ; The client is the only identified user of this report. The appraiser sopraisal firm and related parties assume no obli ation, liabilit 9--~-- -- -y - or accountabilit and will not be res onaible for an unauthorized use of this report or hs conciusiens Hi at Pro Current iistine information Per MLS the subject property Is not currentlylisted for sale ~ _~ Pdor sale: No Vansfers noted in the ast three ears. J _ ~ i - -- ~`-'- m Tlme Malicetl Time T ical marketin time in the sub~ect ro ert market area is 170- 300 ds~rs _ _ ____ _ _ Petaonal Wort-fee Ttanafers WA Additional Comments This re ort is bein com leted as of the date of death of 6!26!2010 Certification Su arnerd 1. TNs appraisal assignmem was not based on a requested minimum valuaton, a specific valuation, or an approval of a loan. 2. My compensation is not contingem upon the reporting of a pretletermined value or direction In value that favors the cause of the client, the amount of the value estimate, the attainment m a stipulated result or the occurrence of a subsequent event. ~ :~lf i Appraiser. David J. Colette Supervisory ~' _ _ Appraiser: __ _ Signed Date: Jui 12 2010 - __: ___ _ Signed Date: ~_ ___ Cer6tication or License #: RL-003677 L _ _, _ Certification or License #: _ Certification or License State: PA zpires: 6/30/2011 - __ ,_. Certification or License State: Expires: Effective Oate of Appraisal: June 26, 2010 Inspection of Subject: Ditl Not !Exterior Only 'Interior and Exterior Form FUA LG - "WinTOTAL" appraisal software by a la mode, inc. -1 •B00•ALAMODE Page #4;', Photograph Addendum Bortower Appraisal forValuation Purposes --- - Pro~ertyAddress 12 Lantern Ln _ ,,, ,.. _ ___ _ , , _ _ _._ _._ „_., - --- City 8hippensburg _ _ _______ . _ .County Cumberland State_ _PA Zip Code _ 17257 8769 _ _- -- -- Client The Estate of Harriet Harris Front Comments: Comments: left side & rear Right side & rear Street Comments: Comments: Ponn PICFOUR - ^wnTOTAL" appraisal software by a la mode, inc. - i-800-ALAMODE Photograph Addendum ~_Page #5! Borrowe_r_ .Appraisal for ValuaUOn Purposes.. Property Address 12 Lantern Ln __ _ _ _ _--_. _ ._ _._- _- ____- _. __ _ ____. --- City_-- _ ShiPPensb~ _, _____ County Cumberland. State_PA _____ZpCode 172.57-8769,,,_,-,--_ Client The Estate of Hartiet Hams ~~ - ~. ~ ~ `~ _.-_._ _. _- 1 --.-- - . ,~ ~_ ~: ~ , HUD Tag NTA1244009 HUD Tag NTA1244008 r~r ` ~) . ~ :._ J .. . .. _ - living room kitchen p ~. r ~ f ~:.,;. %! o ~ ~f bedroom Form PICSIX2 - "WinTOTAI" appraisal software by a la made, inc. - 1-800-ALAMOOE HUD data plate Comparable Photo Page Borrower _, Appraisal for Valuation Purposes. - Propertq Address_.72_Lantem Ln __ _ - -- - City __ Shippensburg_ _ __ County Cumberland,. _ _ State PA _ _Zp Code__17.257-8769 __ ___._ Client The Estate of Harriet Hams Comparable 1 8 Lantern Lane Prox. to Subject (3.02 miles S Sales Pdce '129,900 Gross Living Area '1,670 Total Rooms E3 Total6edmoms 2 Total Bathrooms 2 Location avg Vlew avg Site N1A Quality ;:tnNinyl/ avg Age ;i Comparable 2 11 lantern Lane Prox. to Subject (1.02 miles SE Sales Price 114,000 Gross Living Area •1,416 Total Rooms E3 Total Bedrooms 3 Total Bathrocros 2 Locatlan avg View avg Site N/A Oualtty vin/ avg Age g Comparable 3 77 Lantern Lane Prox. to Subject 0.15 miles NE Sales Price 118,500 Gross Living Area 1,833 Total Rooms E3 Total Bedrooms 3 Total Bathrooms 2 Location avg. View avg Site tJ/A Quality t:tnlvinyllavg Age <t Form PICPIX.CR -'WinTOTAL" appraisal software by a la mode, inc. - t-800•ALAMODE Building Sketch _._. i_Pa9e #6''. Borrower Appraisal_for_Valuation_Purposes_ -- Prop_ertyAddress 12 Larrtem Ln _ _--- __. _. ___ _ __ Ci~_ _ Shippensburq. _ _.__ _,_ __County Cumberland ___. State PA Z~CDde 17257-8769 Client The Estate of Harriet Hams xav aatn Badrm. eowm eam Bad'den lautoy a Gvroge ~ arum liwrq Room KilNen II.V b Parch 13.0' 7a.0' 5xats py Apcx ~'f°' Comments: __ Cotle AREA CALCULATIONS SUMMARY DescAptbn Size Net Totals fdI.Al First Floor 1421.00 1621.00 8/P Porch 91.00 91.00 GAR Garage 366.00 364.00 TOTAL LIVABLE (rounded) 1421 LIVING AREA BP,EAKDOWN aroaktlown Subtotals Fizat Floor 27.0 x Q9.0 1323.00 7.0 x Sd.O 98.OD 2 Calculations Total (rounded) 1421 Form SKT.BIdSkI -'WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE j. Page,#71 Location Map Borrower_ Appraisal for Valuation Purposes ...._. -_ Property Address 12 Lantern Ln _ . , _ , ____ , ___ _ _ ,__ _ __ C' Shippensburg Counly Cumberland. _ State PA _~ Code 17257-8769__ ._,_,._. _. Client The Estate of Harriet Harris a la mode, inc. i'~*~, e ,~' m` a`'4 ~.~ ~;4~ ~Ru c°e Pan=N9~ S' Q e~~ O~ ~~~ ` Q ~ C orb' a ~ y .r a~ r'TSS:c Dr 7 S~ ~G Roy. OO 7~ .r~ ~'y v ~v r~ F;, ~~ o '3s ~~~ Ponn MAP.LOC - "WinTOTAL" appraisal software by a la mode, inc. - t-800-At.AMODE L t7~ ~ s -^ t `~~~~ ~ ? ., ., d , ,~' w ~ _,. .~ ~ ,. .j .. i i Pag_e #8] DEFINRION OF MARKET VALUE: The most probable price which a property should bdrtg 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 attested 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 huger under conditions vfiereby: (t) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own bast 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 cr sales concessions" granted 6y 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 insfitutional lender that is not ,dready involved in the property or transaction. Any adjustmem should not be calculated on a mechanical dollar for dollar cast of the linancing or concession but the dollar amount M any adjustment should approximate the market's reaction to the financing or concessions based an 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 B. 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 Da>is 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 me 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 tlo 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 ai their contributory value. These s~arate valuations of the land and impravemems must not be used in conjunction with any other appraisal and are invalid it they are se used. 6. The appraiser has noted In the appraisal report any adverse condtions (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 unapparem Conditions of the property or adverse environmental condttions (Including the presence of hatardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditlons and makes no guarantees or warranties, express or implied, regarding the condBion of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or tasting that might be required to discover whether such conditions east. Because the appraiser is not an expert In the field of environmental hataMs, the appraisal report must not be considered as an environmental assessmerd 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 complebon of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lendedclient 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 tie 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 inst8udan; or any department, agency, or instrumentality 01 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) whhout 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. rredote mac roan ass 6.93 Page t of 2 Fannie Mae form 10048 6-93 Ausherman Bros. Real Estate Inc. Form ACR - °WinTOTAI" appraisal software by a la made, inc. -- t-800-ALAMODE p~aae #9; 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 o1 properties most similar and pro>amate to the subject property to consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market rear;tion to those items of significant variation. ii a signficant item in a comparable property is superior tn, or more favorable than, the subject property, i have made a negative adjustment to reduce the adjusted sales prke of the comparable and, it a signifcanl item in a comparable property is inferior to, or less favorable than 'the subject property, I have made a posfive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors Nat have an impact on value in my development o1 the estimate of market value in Ne appraisal report. I have not knowingly withheld any significant information from Ne appraisal report and I believe, to the hest of my knowledge, that all statemems and irdormation in Ne appraisal report are oue and correct. 3. i stated in Ne appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to Ne contingent and limiting conditions specified in this form. 4. I have no present or prospective interest In Ne property Nal is the subject to Nis report, and I have no present or prospective personal interest or bias with respect to Ne participants in the transaction. I did not base, either partially or completely, my analysis and/or Ne esdmate of market value in the appraisal report an Ne race, cobr, religion, sex, handicap, familial status, or national origin of either the prospective owners ar occupants of Ne subject property or of the present owners or occupants of the properties in the vkiniry 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 far pertortning Nis appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction M value Nat favors the cause of Ne client ar any related party, the amount of Ne value estimate, Ne attainmem of a specific result, or Ne occurcence of a subsequent event in order to receive my compensation and/or employment for pertarming the appraisal. I did net base Ne appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7, I performed Nis appraisal in conformity with the Uniform Standards at Professional Appraisal Prentice Nat were adopted and promulgated by Ne Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of Nis appraisal, with Ne exception of Ne departure provision o1 Nose Standards, which does not apply. I acknowledge that an estimate of a reasonable 6me for exposure in Ne open market is a condibon in the definition of market value and Ne estimate I developed is consistent with the markedrg time noted in the neighborhood section at this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected Ne irdertor and exterior areas at Ne subject property and the exterior of all properties listed as comparebles in Ne appraisal report. I lurther certiry Nat I have noted any apparent or known adverse conditions in the subject improvements, on Ne subject site, or en any site within Ne immediate vicinity of Ne subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of Ne property value to Ne extent that I had market evidence to support them. I have also commemetl about the effect of the adverse conditions on the marketability of the subjert property. 9. I personalty prepared all conclusions and opinions about Ne real estate that were set torfh in Ne appraisal report. h I relied on significant professional assistance from any individual or Individuals in Ne pertonnanet of the appraisal or the preparation of Ne appraisal report, I have named such individual(s) and disclosed Ne specfic tasks pertortned by Nem in Ne reconciliation section of this appraisal report. I certify that any individual so named is quafdied to perform Ne tasks. I have not authorized anyone to make a change to any item in Ne report; therefore, if an unauthodted change is made to Ne appraisal report, I will take no responsibility fora. SUPERVISORY APPRAISER'S CERTIFICATION: II a supervisory appraiser signed Ne appraisal report, he or she terrifies and agrees that: I drecdy supervise Ne appraiser who prepareA the appraisal report, have reviewed Ne appraisal report, agree with Ne statements and canciusans of the appraiser, agree to be bound by the appraiser's certKications numbered 4 Nrough 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF P R ~P I~AjSED: _ 12 lantern L_n,_Shippensburg PA 17257-$769 APPRAISE /~ ~ ~ ~ r` ~" Si~ature: ~ __ -~ Name: Davib J. Co a ~~ '~ "~ Date Signed: Jul 1 2010 State Certaicati RL-003877 L or State License #: State: PA i -' Expiration Date of Certification or License: $130/2011 SUPERVISORY APPRAISER (poly if required): Signature: __ _ - Name: A - - --- _..- - ---- DateSigned: _ _. __ _ State Cerbficatlon #: or State License #: _ __ State: Expiration Date of Certilication or License Did Did Not Inspect Property eame mac romt 4~`J D•y3 Page 2 of 2 Fannie Mae Form 10048 6-93 form ACR -'WinTOTAL' appraisal software by a la mode, inc. - t •800-ALAMODE ~~ tc~?~f~T P. ZlEGLE#~ ~;~ GOtiDER OF ©~~pS :?•'3ERl.Ai~D BOUNTY-'~'; Tax Parcel: P/O 39-13-0102-091 ' 03 JflN 7 R(~ 13. 01 THIS DEED, ffiADL TSE ~6f ~ day of December in the year of our Lord two thousand two (2002} Principal by KEVIN L. ZIM~MAN, went BBTiPESN MAHLON N. ZIMMERMAN, t/a COUNTRY MANOR ADULT COMMUNITY, Grantor and HARRIET D. HARRIS, single person, Grantee: gPITNS33$TB, that in consideration of Eighty-Five Thousand Eight Hundred Fifty-Five----------($85,855.00)----------- Dollars, in hand paid, the receipt whereof is hereby acknowledged, the said grantor does hereby grant and convey to the said grantee, ALL THAT CERTAIN Air Space Estate, as defined in a Declaration of Covenants and Restrictions for Country Manor Adult Community, a lease-hold residential park, recorded on August 7, 2001 in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Misc. Book 680, Page 196, [referred to herein as "the Declaration"] above Lot 188 as shown in a Final Land Development Plan and recorded on Setpember 28, 2000, in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Book 82, Page 5, which Lot 188 is more specifically described as follows: ALL THAT CERTAIN parcel of land known as Lot No. 145/Phase 5 on a Land Development Plan for Country Side Village Phases 5, 6 & 7, as recorded in Cumberland County Plan Book 82, Page 005, Southampton Township, Cumberland County, Commonwealth of Pennsylvania, with a mailing address of 12 Lantern Lane, Shippensburg, PA. 17257, being further bounded and described as follows: BEGINNING at an iron pin at the intersection of the western right-of-way line of Lantern Lane and Lots 146/Phase 5 and 145/Phase 5 of Country Side Village; Thence along the western right-of-way line of Lantern Lane, South 23 degrees 13 minutes 30 seconds west, a distance of 60.00 feet, to an iron pin at the northeast corner of Lot 144/Phase 5 of Country Side Village; BOOK 2SS ~' ` "~~ :~. ~Sayy.? S- f~~~~ ~ Thence along Lot 144/Phase 5, North 66 degrees 46 minutes 30 seconds-West, a distance of 125.00 feet, to an iron pin at the northwest corner of Lot 144/Phase 5 of Country Side Village, and on line of Lot 29 of Mountain View, Plan Book 66, Page 125, now or formerly of H. Scott Garling & Michael J. Cassidy; Thence along the property line of Lots 29 and 28 of Mountaan View, Plan Book 66, Page 125, now or formerly of H. Scott Garling & Michael J. Cassidy, North 23 degrees 13 minutes 30 seconds East, a distance of 60.00 feet, to an iron pin at the southwest corner of Lot 146/Phase 5 of Country Side Village; Thence along Lot 146/Phase 5 of Country Side Village, South 66 degrees 46 minutes 30 seconds East, a distance of 125.00 feet, to an iron pin on the western right-of-way line of Lantern Lane, the point of BEGINNING. CONTAINING 7,500 Square Feet, or 0.17218 Acres as described on the Land Development Plan for Country Side Village, Sheet 10 of 20, Detail Lot Layout Plan, prepared by Carl Bert & Associates, dated May 12, 2000, as revised July 6, 2000. TOGETHER WITH easements of access and of support for excavation (subject to natural conditions, including but not limited to sinkholes} as specifically set forth in Paragraph 4.a of the Declaration. AND TOGETHER WITH the rights and obligations accruing to Grantee under the terms of that certain Land Lease for the above-described Lot, signed and dated the same date as this Deed and evidenced by a Memorandum of Lease suitable for recording in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania. BEING PART OF THE SAME PREMISES WHICH William D. Swisher and Evelyn L. Swisher, Husband and Wife, by Deed dated May 13, 1994 and recorded May 26, 1994 in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania in Deed Book 105, Page 1122, granted and conveyed unto Mahlon N. Zimmerman. The said Mahlon N. Zimmerman is trading as Country Manor Adult Community. ~~ 25,E ~ ;~ ~ ~~ And the said grantor hereby covenants and agrees that he will warrant specially the property hereby conveyed. IN ~PITN$33 ~R1sOF, said grantor has hereunto~et his hand and seal the day and year first above writt~en~~/_ , / Signed, Sealed and Delivered i~" % ./~ ~ . in the Presence of Mahlon N. Zimanerman, t a ,,,,lf~~~ CORY ADULT COMMUNITY STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND ~^' On this, the of December, 2002, ore me, the undersigned officer, pe nally appear ON N. ZIMMERMAN t/a COUNTRY MANOR ADULT COMMUN known me (or satisfactorily proven) to be the person whose is subscribed to the within instrument, and acknowledged t executed same for the purposes therein contained IN ~PITN83S NSERSOF, I he unto set my ha and official seal. PUBLIC ~ ~C i- ~ ~ ~ T ~ ~ ~ Je/ ~ ~ C" 1 ~ ~ t~ ~ ~ ' F ~ ~ ' ~ A4 ~ ~qq ~ n a-+ Q N Q 9 ~ W ~ ~ ~ 4 i ~~ ,,, ~.r~ ~. ~ ~ ~; ~- ~ ~ ~ -- a CNFiO ~+ Q'~ C!~ CJ} tl1 6 C} G? O vi CJI OdO s7 GY-r.~i DO C.J1A~ p :: r CJl soon ~ceii7"~, (SEAL} STATE OF PENNSYLVANIA . SS. COUNTY OF CUMBERLAND , On this, the 20th day of December, 2002, before me, the undersigned officer, personally appeared KEVIN L. ZIMM$RMAN known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument as Attorney-in-Fact for MAHLON N. ZIMMERMAN, and acknowledged that they executed same as the act of his principal for the purposes therein contained. 1PITNg33 9~8EREOF, I hereunto set nd and ff'cial seal. 1~ '¢cjA' ' ( SEAL ) .~~ y'~ NOTARY PUBL I ~~e . :~_ ~'~.~'~ = ac:-. Notarial Sad 'l>;+nee L Knight, Noury Pablia MNy Comnmi~~wm~ ~ lf~, ~i Mertiber, I do hereby certify that the precise residence and complete post office address of the within grantee is: 12 Lantern Lane, Shippensburg, PA December 20, 2002 ent or CONA'aNWEALTH OF PENNSYLVANIA COUNTY OF RECORDID ON THiS day of , A.D. 2002, in the Recorder's office of the said County, in Deed Book Vol. , page Given under my hand and seal of the said office, the date above written Recorder I Certify this to be recorded In Cumberland County PA ~`~ Y Y .~~.~ Recorder of Deeds aoox ~~ pbc~i X32.. EXI~iBIT "B" MEMORANDUM OF LEASE THIS MEMORANDUM is to confirm the exisbmce of a Land Lease betwear Mahlon N. Zimmerman t/a COUNTRY MANOR ADULT CONIIKIJNITY, with offices at 490 Millvvay Road, Ephrata, PA l 7522 ("Lessor") and HARRIET D. HARRIS with an address of 12 Casten Lte~e, 3><ippe~, PA 17ZS7, ("Leasee'~ dated December 20, 2002. The leased property is Lot 145 shown on the final Land Development Pls~n recorded o0 September 28, 2000, in the Offices of the Re~oerder of Deeds, in and for Cumberland Camty, Petwsylvania, in Book 82, Page S. The initial term of the Lease is 6or twatty--nine {29) years, with rarewal terms of twenty (20) years. Dated:__~r~7~ ~ Z- ~~~ :~ ~ ~- ~' •w z ••--~ . ~~~ ~ >'v~o E o::~o '° ~ la 3 ~ cl] 4 ~ i;,7 U ~ C2~ r, L J rs] ~"y"~~ Dated ~ ~ o o Y Hated: LESSOR: MAHLON N. Zi1VIMERMAN, t/a COUNTRY ;~T ~ MIVIUNI~['Y ~ ,~~ ~~~ ~ ~ MAHLON N. Zi11[MERMAN~ ~,~i ,/ ci~e.~ ~~ /~tvin ~. JC,•~~AtlrNlbv, ~f~f LESSEE: ~. ~' HARRIET D. HARRIS [ Certify this to be recorded In Cumberland County PA ~~ee ~ ti•: ~ ~ L. ~ ~ COI~IIvtONWEALTH OF PENNSYLV couNTVOF~~~'~ ) "' Recorder of Deeds ON THIS, the o~t~day of ~«~ (/~,~t, , 2002, before me the subscriber, personally ap~arod MAAI,(HY N. ZIIVIMERMAN-~~ho acimowledged that he execaited the facegoiag instrumart f+or the purposes therein oomaated. WITNESS my hand and seal the day and year aforesaid. kewu ~ ~R ~~ ~~~ BOOK 593 PACE y8i Notaria~l Se~al Hampden K~~umberiand~Counr~ttyy My Commfaalon Expires June 17, 2t)i14 d~so~ry.ZS- ~•,S Wd50~~ 'L 'daS awil pania~a~ ~RRSTOWNBANK A Tradition of Excellence 77 East King Street Shippensburg, PA 17257 July 19, 2010 Zullingcr-Davis 20 cast Burd St, • PO Box 40 Shippensburg PA 17257 Attention: Joel R Zullingcr Shirley Wescott Orrstown Bank PO Box 250 Shippensburg, Pa 17257 Phone 717.530.2515 Rc: Estate of: Harriet T) Harris Date of Death: G/26/10 IT IS HEREBY CERTIFIED THAT THE ABOVE NAMED DECEDENT, ON TILE A.~30VE DATE, HAD TILE FOLLOWING ACCOUNTS WITH OR2STOWN 13ANK• CHECKING ACCOII]V',l' Account # Title of Account 1(1200982 1-l:arrict D Harris George D Harris .SAVINGS Account # Title of Account 703002871 Harriet D J~arris George D Hams Best re ands, ~~ ' ley Wescott Receptionist Date opened Principal Accrued interest OD Bal 10/15/02 8141..10 .04 $8141.14 Date Opened Principal Accrued Tnterest D D Bal 1/21/03 51306.11 18.56 $51321.30 V00/V00 ~d 25 ~El (3f11)O102-ZO-d35