The URL can be used to link to this page

Home My WebLink About03-0301PETITION FOR GRANT OF LETTERS OF ADMINISTRATION Estate of Joe W. Maxwell No. also known as To: / Register of Wills for the Deceased. County of Cumberland in the Commonwealth of Pennsylvania Social Security No. 182-44-4588 The petition of the undersigned respectfully represents that: Your petitioner(s), who is/are 18 years of age or older, appl for letters of administration on the estate of (d.b.n.; pendente lite; durante absentia; durante minoritate) the above decedent. Decedent was domiciled at death in Cumberland County, Pennsylvania, with h is last family or principal residence at 25 VVyrick Avenue, Shippensburq Township, PA (list street, number, Twp. or Boro.) Decedent, then 49 years of age, died 3/512003 at 25 Wyrick Avenue, Shippensburq, PA Decedent at death owned property with estimated values as follows: (If domiciled in Pa.) All personal property (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: b/t~ $ $ $ $ 20,000.00 Petitioner after a proper search ha s ascertained that decedent left no will and was survived by the following spouse (if any) and heirs: Name Relationship ~ Residence 1377 Falling Spring Road ThomasV. Maxwell )rother Chambersburq PA 17201 THEREFORE, petitioner(s) respectfully request(s) the grant of letters of administration in the appropriate form to the undersigned. Thomas V. Maxwell 1377 Falling Spring Road Chambersburq PA 17201 OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA 3 COUNTY OF Cumberland; ss The petitioner(s) above-named swear(s) or aft-mn(s) that the statements in the foregoing petition are true and correct to the best of the knowledge and belief of petitioner(s) and that as personal representative(s) of the above decedent petitioner(s) will well and truly administer the estate according to law. Sworn to or affirmed and subscribed before me this 2':.:-.~ ,e.~z'~ day o¢ No. ~/- ,~.~-,._%~ / Estate of Joe W. Maxwell , Deceased GRANT OF LETTERS OF ADMINISTRATION AND NOW /~?~. / ~'~- ~ , in consideration of the petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that Thomas V. Maxwell is/are entitled to Letters of Administration, and in accord with such finding, Letters of Administration are hereby granted to Thomas V. Maxwell in the estate of doe W. Maxwell FEES Letters of Administration ...... $ Short Certificates ( ) ...... $ Renunciation ............ $ JCP fee $ 10.00 TOTAL Filed /~_~)f~/./..~. ..... A.~ Joel R. Zullinger 17516 ATTORNEY (Sup. Ct. I.D. No.) 14 North Main Street, Suite 200 Chambersburq PA 17201 ADDRESS (717)264-6029 PHONE Cumberland County, PA Estate of Joe W. Maxwell CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Joe W. Maxwell Date of Death: 3~5~2003 Will No. Admin. No. 21-03-301 To the Register: I certify that notice of (beneficial interest) estate administration required by Rule 5.6(~)) oflthe Orphan's Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on t~/,,/~'/~00~ · ~ I Name Address Thomas V. Maxwell 1377 Falling Spring Road Chambersburq PA 17201 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: no exceptions Date: Capacity: Signature .Joel R. Zullinger ~' Name: Address: 14 North Main Street, Suite 200 Chambersburg PA 17201 Telephone(264) - 6029 X Personal-Representative Counsel for Personal Representative LAW OFFICES OF ZULLINGER- DAVIS JOEL R. ZULLINGER 14 North Main Street Suite 200 Chambersburg, PA 17201 717-264-6029 Fax: 717-264-1884 zulngrlaw~earthlink.net PROFESSIONAL CORPORATION Dale F. Shughart, Jr. of counsel HAMILTON C. DAVIS 20 East Burd Street, Suite 6 P.O. Box 40 Shippensburg, PA 17257 717-532-5713 Fax: 717-530-5222 davish@cvn.net Register of Wills Cumberland County Courthouse Carlisle, PA 17013 Gentlemen: May 20, 2003 RE: Estate of Joe W. Maxwell Endosed for filing in your office are an original and one copy of the PA Inheritance Tax Return for the above estate. Also enclosed are the following checks: 1. Register of Wills, Agent $1,879.44, PA Inheritance Tax due; 2. Register of Wills $14.00, filing fees. J~JR. Zullmger ~ ~ Encls. . R. ZULLINGER, ESQ. Cham[~ers[~urg Trust Co, ~ambersburg, PA 17201 ir of Wills [and County Courthouse [e, PA 17013 REV-15D0 EX + (6-00) Z I.U I.U UJ "'o~ Z r~ Z 0 Q. UJ 0 Z Z 0 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL Maxwell, Joe W. DATE OF DEATH (MM-DD-Year) 03/05/2003 O- \ ? REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT IDATE OF BIRTH (MM-DD-Year) 08/12/1953 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL} OFFiCiAL USE ONLY FILE NUMBER 2 1 -0 3 0 3 0 1 COUNTY CODE YEAR NUMBER-- SOCIAL SECURITY NUMBER 1 8 2 -4 4-4 4 5 8 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIALSECURITYNUMBER J'~ 1. Original Retum r~4. Limited Estate j'~6. Decedent Died Testate (Atlach copy of Will) J'~9. Litigation Proceeds Received [~2. Supplemental Return J~4a. Futura Interest Compromise (date ofdeath after 12-12-82) F'~7. Decedent Maintained a Living Trust (Attach copy of Trust) [~10. Spousal Poverty Cradit (date ofdeath between 12-31-91 and 1-1-95) [-~3. Remainder Retum {date of death priorto 12-13-82) [-~5. Federal Estate Tax Return Required O 8. Total Number of Safe Deposit Boxes ['--] 11. Election to tax under Sec. 9113(A) (Attach Sch O} NAME Joel R. Zullinqer FIRM NAME (If Applicable) Zullinger- Davis, P.C. TELEPHONE NUMBER (717)264-6029 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) (Schedule E) 6. Jointly Owned Properly (Schedule F) (6) F-] Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) COMPLETE MAILING ADDRESS 14 N. Main Street, Suite 200 Chambersburg ~, ~, 33,500.00 (8) 11~101.50 12~656.73 PA 17201 ~ OFF~, SEONLY 40~244.57 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an electJon to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (11) (12) (13) (14) 23~758.23 16~486.34 16~486.34 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20. X X 16,486.34 x .12 X .15 (15) (16) (17) (18) (19) 1,978.36 1,978.36 Decedent's Complete Address: STREET ADDRES,~ 25 Wyrick Avenue CITY Shippensburg ISTATE PA ZIP 17257 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 98.92 Interest/Penalty if applicable D. Interest E. Penalty (1) Total Credits ( A + B + C ) (2) Total Interest/Penalty ( D + E ) (3) If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page I Line 20 to request a refund (4) If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (SB) Make Check Payable to: REGISTER OF WILLS, AGENT 1 ~978.36 98.92 1 ~879.44 1 ~879.44 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ........................................................................... [] [] b. retain the right to designate who shall use the property transferred or its income; ........................................ [] [] c. retain a reversionary interest; or ...................................................................................................... [] [] d. receive the promise for life of either payments, benefits or care? ............................................................. [] [] 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ............................................................................................... [] [] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ................. [] [] 4. Did decedent own an individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ....................................................................................................... [] [] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that I have examined this return including accompanying schedules and statements, and to the best of rny knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OFPERS DATE ADDRESS SIGNATURE ADDRESS "~'377 Falling Spring Road Chambersburcj O~ER THAN EEPRESEN-T.~TIVE ~o~h M~in ~treet, S~- ~ambersburg PA 17201 DATE PA 17201 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 3% [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 0% [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 0% [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, 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 decedenrs siblings is 12% [72 P.S. §9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REVdS88 EX + (1-97).' ~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Maxwvell, Joe W. 21 03 0301 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1. Checking Account #524409, Orrstown Bank Savings Account #17459, Orrstown Bank, including interest accrued to date of death Savings Account #37200, Orrstown Bank, including interest accrued to date of death Savings Account #450257, Orrstown Bank, including interest accrued to date of death Appraisal of personal property by Dennis L. Gotshall, copy attached Carry On Trailer ID #4YMUK08181C048673, sold privately Payroll checks from decedent's employer, Carlisle Tire & Wheel TOTAL (Also enter on line 5, Recapitulation) (If more space is needed, insert additional sheets of the same size) VALUE AT DATE OF DEATH 754.17 1,288.53 1,386.44 401.46 900.00 100.00 1,913.97 $ 6~744.57 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER Maxwell, Joe W. 21 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. 03 0301 SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Thomas V. Maxwell brother C 1377 Falling Spring Road Chambersburg, PA 17201 JOiNTLY-OWNED PROPERTY: u- ~I ~'~-R DATE DESCRIPTION OF PROPERTY % OF DATE OF DEATH ITEM FOR JOINT MADE Include name of financial institution and bank account number or similar identifying number. Attach DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S INTERES 1. A. 8/1988 Tract of real estate situate at 25 Wyrick Avenue, South- 67,000.00 50.1 33,500.0C ampton Township, Cumberland County, PA, appraised by Tim L. Ausherman, with copy attached TOTAL (Also enter on line 6, Recapitulation) $ 33,500.00 (If more space ~s needed, insert additional sheets of the same size) REV-1511EX + (1 97) ~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Maxwell, Joe W. 21 03 0301 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT 2. 3. 4. FUNERAL EXPENSES: Fogelsanger-Bricker Funeral Home, funeral expenses ShulI-Koontz, gravemarker Spring Hill Cemetery Association, burial plot Robert Wyrick, grave opening ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative Is) Social Security Number(s) / EIN Number of Personal Representative(s) Street Address City State Year(s) Commission Paid: AttomeyFees Joel R. Zullinger Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Zip Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Register of Wills - JCP fee 10.00; probate petition 50.00; short certificates 15.00; filing return 14.00 Accountant's Fees Tax Return Preparer's Fees Dennis L. Gotshall, appraise personal property Mooney's Tax Service, preparation of final individual income tax returns TOTAL (Also enter on line 9, Recapitulation) $ 6,786.50 643.00 500.00 100.00 0.00 2,750.00 0.00 89.00 0.00 0.00 40.00 15.00 1 O, 923.50 (If more space is needed, insert additional sheets of the same size) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Maxwell, Joe W. FILE NUMBER 21 05 Debts of decedent must be reported on Schedule I. ITEM NUMBER 1. 2. 3. 4. 8. 9. 10. DESCRIPTION FUNERAL EXPENSES: Fogelsanger-Bricker Funeral Home, funeral expenses ShulI-Koontz, gravemarker Spring Hill Cemetery Association, burial plot Robert Wyrick, grave opening ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative (s) Social Secudty Number(s) / FIN Number of Personal Representative(s) Street Address City State Year(s) Commission Paid: Attomey Fees Joel R. Zullinger Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Zip Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Register of Wills - JCP fee 10.00; probate petition 50.00; short certificates 15.00; filing return 14.00 Accountant's Fees Tax Retum Preparer's Fees Dennis L. Gotshall, appraise personal property Mooney's Tax Service, preparation of final individual income tax returns Cumberland Law Journal, advertise letters News-Chronicle, advertise letters TOTAL (Also enter on line 9, Recapitulation) o301 AMOUNT 6,786.50 643.00 500.00 100.00 0.00 2,750.00 0.00 89.00 0.00 0.00 40.00 15.00 75.00 103.00 11,101.50 (Ifmorespaceisneeded, insedadditionalsheetsofthesamesize) REV-I,513 EX + (9~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Maxwell, NUMBER Ioe W. FILE NUMBER 21 03 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a)(1.2)] Thomas V. Maxwell 1377 Falling Spring Road Chambersburg, PA 17201 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) brother 0301 AMOUNT OR SHARE OF ESTATE entire estate ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 1! - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) Borrower Esta*a of Joseph Maxwell Pr~)lzeq'Y Addres~ .25 Wyrick Ave File No. City Shippensburg County Cumberland State Pa Zip Code 17257-1733 Lender Estimate for Market Value APPRAISAL AND REPORT IDENTIFICATION This appraisal confon'ns to cfm of the following definitions: [~ Complete Appraisal (The act or process of estimating value, or an opinion of value, performed without invoking the Departure Rule.) ~] Limited Appraisal (The act or process of estimating value, or an opinion of value, performed under and resulting from invoking the Departure Rule.) This report is one of the following types: [] Self Contained (A written report prepared under Standards Rule 2-2(a) of a Complete or Limited Appraisal performed under STANDARD 1.) [~ Summary (A written report prepared under Standards Rule 2-2(b) of a Complete or Limited Appraisal performed under STANDARD 1 .) [] Restricted (A written report prepared under Standards Rule 2-2(c) of a Complete or Limited Appraisal performed under STANDARD 1, restricted to the stated intended use by the specified client or intended user.) Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belief: · The statements of fact contained in this report am true and correct. · The reported analyses, opinions, and conclusions are limited only by the reported assump~ons and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions and conclusions. · I have no (or the specified) present or prospective interest in the property that is the subject of this report, and no (or the specified) personal interest with respect to th, parties involved. · I have no bias with respect to the property that is the subject ct this report or the parties involved with this assignment · My engagement in this assignment was not contingent upon developing or reporting predetermined results · My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the caus~ ct the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal · My analyses, opinions and conclusions were developed and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. · I have (or have not) made a personal inspection of the property that is the subject of this report. · No one provided significant real property appraisal assistance to the person signing this certification. (If there are exceptions, the name of each individual providing significanl real property appraisal assistance must be stated.) Comments on Appraisal and Report Identification Note any departures from Standards Rules 1-3 and 1-4, plus any USPAP-related issues requiring disclosure: Name: Ti~A.~r~herman GAA Date Sig..~ ~'74-2003 State CecUfica~on #: Ga-OOO149-L or State License #: State: Pa Expiration Date of Certification or License: 6/30/2003 SUPERVISORY APPRAISER (only if reqldred): Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: [] Did [] Did Not Inspect Property Ausherman Bros. Real Estate Inc. Form ID5 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE SUMMARY OF SALIENT FEATURES Subject Address Legal Description c~ty County State Zip Code Census Tract Map Reference 25 Wyrick Ave Deed Book Vol. 33 M page 1017 Shippensburg Cumberland Pa 17257-1733 0131.01 36-35-2388-032 Sale Price Date of Sale Lender Borrower / Client Estate of Joseph Maxwell Estimate for Market Value Size (Square Feet) Pdce per Square Foot Location Age Condition Total Rooms Bedrooms Baths 1,267 Average 43 Average 5 3 1 Appraiser Date of Appraised Value Tim L.Ausherman GAA 3-5-03 Final Estimate of Value $ 67,000 Form SSD -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE Ausherman Bros. Real Estate Inc. UNIFORM RESIDENTIAL APPRAISAL REPORT File No. Address 25 Wyrick Ave Deed Book Vol. 33 M page 1017 Assessor's Parcel No. 36-35-2388-032 Borrower Estate of )h Maxwell hborhood or Project Name Shippensburg Date of Sale N/A ;lient Estimate for Market Value City Shippensburg State Pa Zip Code 17257-1733 Count,/Cumberland Tax Year 2003 R.E. Taxes $ 997.00 Special Assessments $ 0.00 Current Owner Estate of Jose Maxwell Occupant: ~ Owner I-"t Tenant [~] Vacant Proi PUD ~ Condominium (HUD/VA only) HOA ~ N/A /Mo. MaD Reference 36-35-2388-032 Census Tract 0131.01 Description and $ amount of loan charges/concessions to be paid by seller N/A Address Tim L.Ausherman GAA Location [] Urban [] Suburban [] Rural Built up ~ Over 75% [] 25-75% [] Under 25% Growth rate [] Rapid ~ Stable ~_-j Slow Property values [] Increasing [~ Stable [] Declining Demand/supply [] Shortage [] In balance [] Over supply Marketing time [--] Under 3 mos. [X~] 3-6 mos. ~-~ Over 6 mos. Address 229 North Second Street, Chambersbur,q, Pa 17201 Predominant Single family housing / Present land use % I Land use change occupancy PRICE AGEl One family 70 __J [] Not likely l~ Likely $(000) (yrs) [] Owner 95 90 Low New 2-4 family / [] In process E~] Tenant 5 325 High 50 1 Multi-family j To: [] Vacant (0-5%) i~.~ Predor~inant l~ Commercial / ~-~ Vac.(over 5%) f 120 20 / Vacant 30 | Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: Bounded by Shippensburg borg to the north, Mainsville to the south, Baltimore Rd to the east and Route 81 to the west. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): No adverse factors affecting marketability were observed. The subject property is located within a neighborhood of like homes and is within access to shopping and employment in the Shippensburg area. Overall appeal to the market would be rated as average. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time -- such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Market conditions in the area have remained stable with supply and demand appears to be in balance. Marketing time within the area is approx. with it common for sellers to assist buyers with closing costs. Project Information for PUOs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? ~_~ Yes Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Descdbe common elements and recreational facilities: [] No Dimensions irregular Site area .34 acre Comer Lot [] Yes [] No Specific zoning classification and description None exists deed restrictions Zoning compliance [] Legal [] Legal nonconforming (Grandfathered use) [] Illegal [~¢ No zoning Present use ~ Other use (explain) Utilities Public Other I Off-site Improvements Type Public Pdvatt Electricity [] I Street asphalt ~ [] Gas [] Curb/gutter None [] [] Water [] Sidewalk none [] [] Sanitary sewer [] Street lights None [] [] Storm sewer ~] Alley None ~-~ ~ !Topography Level I Size Typical Shape rectangular i Drainage Adequate View Average Landscaping Average Driveway Sudace asphalt Apparent easements None observed FEMA Special Flood Hazard Area [] Yes []'No FEMA Zone X Map Date 11/04/1988 FEMA Map No. 4215850001B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): easements or encroachments were observed. No adverse GENERAL DESCRIPTION No. of Units 1 No. of Stodes 1 Type (Det./Att.) Detached Design (Style) ranch Existing/Proposed Existin Age (Yrs.) 43 15 EXTERIOR DESCRIPTION FOUNDATION Foundation Block Slab Part Extedor Walls Stucco Crawl Space Part Roof Sudace Basement Part Gutters & Dwnspts. Alumn Sump Pump yes WindowType dbl hung Dampness yes Storm/Screens yes Settlement no Manufactured House no Infestation none evid BASEMENT Area Sq. Ft. 500 % Finished 0 Ceiling Joists Walls Block Floor Concrete Outside Entry yes INSULATION Roof __ [] Ceiling A~_ ~ Walls Avg _ ~ Floor None ~_1 None [] Unknown [] Finished area above qrade contains: 5 Rooms; 3 Bedroom(s); KITCHEN EQUIP. INTERIOR Materials/Condition HEATING Fha Rec. Rm. ATTIC Bedrooms ' Cf Baths Laundry 3 1 1 Bath(s); 1~267 S AMENITIES Other Area Sq Ft. 500 1,267 uare Feet of Gross Livin,q Area CAR STORAGE: 1 car Floors Cpt,vin/avg Walls Panel/avg Tdm/Rnish wood/avq Bath Floor Vinyl/av_q Bath Wainscot Fiberglas/avg Doors hollc/avg Type Fha Fuel oil Condition avg COOLING no Central no Other no Condition no Refrigerator Range/Oven Disposal Dishwasher [] Fan/Hood L~ Microwave [-~ Washer/Dryer ~-~ Additional teatures (special energy efficient items, etc.): Stucco exterior. [] None [] Stairs E~ Drop Stair Scuttle Floor Heated Finished Fireplace(s) # None Patio None Deck None Porch Porch Fence None Pool None None ~j Garage Cf of cars Attached Detached 1 car Built-in Carpod _ Driveway 2 Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: area has a severe moisture problem, roof system has plywood that is in need of replacement. Basement Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property.: No adverse environmental conditions were observed on the subject property or within the neighborhood. Freddie Mac Form 70 6/93 PAGE 1 OF 2 Form UA2 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE Fannie Mae Form 1004 6/93 UNIFORM RESIDENTIAL APPRAISAL REPORT FileNo. ESTIMATED <JITE VALUE ........................................ .-- $ 25,000 ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: Dwelling 1,267 Sq. Ft. @$ 65.00 = $ 82,355 500 SQ. Ft. @$ 22.00 = 26,620 Garage/Carport 462 Sq. lt. @$ 12.00 = 5,544 Total Estimated Cost New .......................... = $ 114,519 Less Physical Functional External Depreciation 28,6301 t = $ 28,630 Depreciated Value of Improvements ........................ =$ 85,889 "As-is" Value of Site Improvements ............................... =$ 9,000 INDICATED VALUE BY COST APPROACH .......................... ~ 119,889 ITEM I SUBJECT COMPARABLE NO. 1 25 Wyrick Ave 36 Scafford St i Address Shi 2 blocks Sales Pdce r/:~ 80.36 Data and/or Inspection MLS-Courthouse VedficaUon Source VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION Sales or Financing Conv 65 DOm Concessions Concess 2708 6-10-2002 Location Site .34 acre 6970 View Comments on Cost Approach (such as, source of cost estimate, site value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic life of the property): Cost per sq ft was derived from Marshall and Swift Valuation service and modified for local conditions. COMPARABLE NO. 2 COMPARABLE NO. 3 442 South Fayette 430 South Fayette St 1 block 65.2 ¢3 82.34 ~ MLS-Courthouse MLs-Courthouse 83¸ Ranch/avq Ranch/avq of Construction Alumn/avcj 43 50+- DESCRIPTION Conventional None 4-30-2002 50+- Condition Good Fair Above Grade Room Count Basement & Finished Part Full Rooms Below Grade 0 896 Fha/none base/none Therm wind Part 0 Functional Utility Efficient Items Porch, Patio, Deck, Kitchen Fha/none DESCRIPTION : Conventional ; None " 8-19-2002 : 35000/avq Modular/av,cj Good N/A N/A base,.none Therm wind 1 car None 2 car 1 car oversized Porch Porch None None Porch None Porch None None None None None Std Kitchen Std kitch Std kitch StdKitchen +2,000 Adjusted Sales Pdce Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): Comparable sales are all Ioated with 2 blocks of Date, Pdce and Data N/A N/A N/A N//A Source, for prior sales Steb-MLS Steb-MLS Steb-MLS Steb-MLS )rev No sale prev No sale prev Analysis of any current agreement of sale, option, or listing of subject property and analysis of any pd0r sales of subject and comparables within one year of the date of appraisal: is not listed for sale. The comparable sales have not resold in prior 3 years. INDICATED VALUE BY SALES COMPARISON APPROACH ....................................................................................... $ INDICATED VALUE BY INCOME APPROACH (if Applicable) Estimated Market Rent $ N/A /Mo. x Gross Rent Multiplier N/A__ = ~; This appraisal is made [] "as is" [] subject to the repairs, alterations, inspections or conditions listed below [] subject to completion per plans & specifications. Conditions of Appraisal: See attached limiting conditions,Firrea add. Subject property is in need of new roof see attached estimate. Final Reconciliation: Emphasis was placed on the Sales Comparison Approach to value which best reflects buyers within the marketplace. Cost this estimate of value. Income approach was not utilized due too lack of comparable sales which have sold necessary to ._ establish a GRM. The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/FNMA form 1004B (Revised 6-93 ). I (WE) ESTIMATE THE MARKET VA/L~AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF 3-5-03 (w.,cH ,s THE DATE OF A.O T.E EFFECT,VE DATE OF T.,S .EPO. .0 BE 67,000 APP.A,S SUPE.V,SO..APP.A,SE.(O.L.,F.EOU,.ED): Signature ///'/"~ Signature Name Tim L.~'u/C~man GAA~" Name Date Report Si,6q~d/4-4-2003 Date Report Signed State Certification # Ga~OOO149-L State Pa State Certification # State Or State License # State Or State License # State ~-J Did El Did Not Inspect Property Freddie Mac Form 70 6/93 PAGE 2 OF 2 Fannie Mae Form 1004 6-93 Form UA2 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE · fBorrower/Cll'ent Estate of Joseph Maxwell ~ Property Address 25 Wyrick Ave ~City Shippensburg ! Lender Estimate for Market Value Building Sketch (Page - 1) Counb/ Cumberland State Pa Zip Code 17257-1733 20.0' 40.0' 12.0' Bath Bedrm Bedrm 15.5' 8.0' Family Kitchen Living 14.0' 38.0' Form SKT.BIdSkl -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE Borro_wer/Cl~ent Estate of Joseph Maxwell P. roperty Address 25 Wyrick Ave Cib/ Shippensburg Lender Estimate for Market Value Location Map County Cumberland State Pa Zip Code 17257-1733 ? Form MAP.LOC -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE MULTI-PURPOSE SUPPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS Ausherman Bros. Real Estate Inc. I B orrower/Client Estate of Joseph Maxwell Property Address 25 Wyrick Ave City Shippensburg County Cumberland Lender Estimate for Market Value State Pa Zip Code 17257-1733 This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a convenient way to comply with the current appraisal standards and requirements of the Federal Deposit insurance Corporation (FDIC), the Office of the Comptroller of Currency (OCC), The Office of Thdff Supervision (OTS), the ResoluUon Trust Corporation (RTC), and the Federal Reserve. This Multi-Purpose Supplemental Addendum is for use with any appraisal. Only those statements which have been checked by the appraiser apply to the property being appraised. [] PURPOSE & FUNCTION OF APPRAISAL The purpose of the appraisal is to estimate the market value of the subject property as defined herein. The function of the appraisal is to assist the above-named Lender in evaluating the subject property for lending purposes. This is a Federally related transaction. [] EXTENT OF APPRAISAL PROCESS [] The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and neighborhood, and selection of comparable sales within the subject market area. The odginal source of the comparables is shown in the Data Source section of the market grid along with the source of confirmation, if available. The odginal source is presented first. The sources and data are considered reliable. When conflicting information was provided, the soume deemed most reliable has been used. Data believed to be unreliable was not included in the report nor used as a basis for the value conclusion. [] The Reproduction Cost is based on Marshall & Swift supplemented by the appraiser's knowledge of the local market. [] Physical depreciation is based on the estimated effective age of the subject property. Functional and/or external depreciation, if present, is specifically addressed in the appraisal report or other addenda. In estimating the site value, the appraiser has relied on personal knowledge of the local market. This knowledge is based on prior and/or current analysis of site sales and/or abstraction of site values from sales of improved properties. [] The subject properly is located in an ama of primarily owner-occupied single family residences and the Income Approach is not considered to be meaningful. For this reason, the Income Approach was not used. [] The Estimated Market Rent and Gross Rent Multiplier utilized in the income Approach are based on the appraiser's knowledge of the subject market area. The rental knowledge is based on prior and/or current rental rate surveys of residential properties. The Gross Rent Multiplier is based on pdor and/or current analysis of pdces and market rates for residential properties. [~ For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to project future rents, vacancies and expenses. [] SUBJECT PROPERTY OFFERING INFORMATION According to MLS the subject property: [] has not been offered for sale in the past: [] 30 days [] 1 year [] 3 years. [] is currently offered for sale for $ [] was offered for sale within the past: [] 30 days [] 1 year [] 3 years for $ [] Offedng information was considered in the final reconciliation of value. [] Offering information was not considered in the final reconciliation of value. [] Offedng information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum. [] SALES HISTORY OF SUBJECT PROPERTY According to Franklin Co Coudhouse the subject property: ~ has not transferred in the past twelve months. [] has not transferred in the past thirty-six months. ~_~ has transferred in the past twelve months. [] has transferred in the past thirty-six months. [] All prior sales which have occurred in the past twelve months are listed below and reconciled to the appraised value, either in the body of the report or in the addenda. Date Sales Price Document # Seller Buyer [] FEMA FLOOD HAZARD DATA [] Subject property is not located in a FEMA Special Flood Hazard Area. [~ Subject property is located in a FEMA Special Flood Hazard Area. ] Zone FEMAMap/PaneI# MapDate Name of Community X 4215850001 B 11/04/1988 Southhampton I~ The community does not participate in the National Flood Insurance Program. [_-_~ The community does participate in the National Flood Insurance Program. [~ It is covered by a regular program. [] It is covered by an emergency program. Page 1 of 2 Form MPA2 -- "TOTAL tar Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE [] '. CURRENT SALES CONTRACT [] The subject property is currently not under contract. ~ The contract and/or escrow instructions were not available for review. The unavailability of the contract is explained later in the addenda section. [] The contract and/or escrow instructions were reviewed. The following summarizes the contract: Contract Date Amendment Date Contract Price Seller Estate of Joseph Maxwell [] The contract indicated that personal property was not included in the sale. ~__} The contract indicated that personal property was included. It consisted of [] Personal property was not included in the final value estimate. [] Personal property was included in the final value estimate. [] The contract indicated no financing concessions or other incentives. [~ The contract indicated the following concessions or incentives: Estimated contributory value is $ ~ If concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made, if applicable, so that the final value conclusion is in compliance with the Market Value defined herein. [] MARKET OVERVIEW Include an explanation of current market conditions and trends. 4 months is considered a reasonable marketing pedod for the subject property based on Stats From MLS ADDITIONAL CERTIFICATION The Appraiser certifies and agrees that: (1) The analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of Professional Appraisal Practice ("USPAP"), except that the Departure Provision of the USPAP does not apply. (2) Their compensation is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. (3) This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. [] ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental environmental conditions unless otherwise stated in this report. The appraiser is not an expert in the identification of hazardous substances or detrimental environmental conditions. The appraiser's routine inspection of and inquiries about the subject property did not develop any information that indicated any apparent' significant hazardous substances or detrimental environmental conditions which would affect the properly negatively unless otherwise stated in this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would negatively affect its value. [] ADDITIONAL COMMENTS Appraiser's Signature Appraiser's Name (pdnt)//..~m L.Ausherman~'~ State Pa //r~..j License [] Certification # APPRAISER'S SIGNATURE~ LICENSE/CERTIFICATION Effective Date 3-5-03 Phone # {717 Ga-OOO149-L Tax ID # Date Prepared 4-4-203 ) 264-6715 [] CO-SIGNING APPRAISER'S CERTIFICATION [] The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an extedor inspection of all comparable sales listed in the report. The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report including the value conclusions and the limiting conditions, and confirms that the certificaUons apply fully to the co-signing appraiser. [] The co-signing appraiser has not personally inspected the interior of the subject property and: [] has not inspected the exterior of the subject property and all comparable sales listed in the report. [] has inspected the exterior of the subject property and all comparable sales listed in the report. [] The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing appraiser with the exception of the certification regarding physical inspections. The above describes the level of inspection performed by the co-signing appraiser. [] The co-signing appraiser's level of inspection, involvement in the appraisal process and certification are covered elsewhere in the addenda section of this appraisal. [] CO-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION Co-Signing Appraiser's Signature Effective Date Date Prepared Co-Signing Appraiser's Name (print) Phone # ( ) State [] License [] Certification # Tax ID Cf Page 2 of 2 Form MPA2 -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE , lBorroweJr/(;lient Estate of Joseph Maxwell I Properly Address -~ck Ave--- I'City S~ipEensi~urg .... ~ |Lender Estimate for Market Value Subject Photo Page County Cumberland State Pa Zip Code 17257-1733 Subject Front 25 Wyrick Ave Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 1,267 5 3 1 Average Average .34 acre Stuccoavg 43 Subject Rear Subject Street Form PIC3x5.SR -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE tBorrow~r~Client Est_at_e_ ..o_f Joseph Maxwell ?..r_gperb/Address 25 ~yn_'ck Ave _ City Shipl~e_nsbuEg "~_ender Esti~i~-for Market Value Comparable Photo Page County Cumberland State Pa _Zip Code 17257-1733 Comparable I 36 Scafford St Pmx. to Subiect 2 blocks Sale Price 72,000 Gross Living Area 896 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 1 Location Average View Average Site 6970 Qual~ Alumn/avg Age 50+- Comparable 2 442 South Fayette Prox. to Subject I block Sale Pdce 72,500 Gross Living Area 1,112 Total Rooms 6 Total Bedrooms 4 Total Bathrooms 1 Location Average View Average Site .37 NAvg Quality Vinyl/avg Age 50+- Comparable 3 430 South Fayette St Pmx. to Subiect Sale Price 83,000 Gross Living Ama 1,008 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location Average View Average Site 35000/avg Quality Vinyl/avg Age 8 Form PIC3x5.CR -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the pdce is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both padies are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable properly by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the.following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or imptied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her pdor written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the properly description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's pdor written consent. The appraiser's wdtten consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Ausherman Bros. Real Estate Inc. Form ACR -- "TOTAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE Fannie Mae Form 1004B 6-93 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market ama and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is infedor to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales pdce of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report am tree and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transacUon. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated futura interest in the subject property, and neither my current or future employment nor my compensation for pedorming this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for pedorming the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the intedor and extedor areas of the subject property and the extedor of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject pmperb]. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to pedorm the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY Ap/~AISED: 25 Wyrick__A__¥_e~h_ippen~sb__u_r~ P~a 17257-1~7_3_3~ APPRAISER' ?--/~'//~ SUPERVISORY APPRAISER (only if required): Signature: Signature: Name: Tim_ L.A~u~h~'?r/(~AA -- ~,~i Name: Date Signed: ~4-2,8(:7'3' ~ Date Signed: State Certifica~io'n~./ Ga-O00~ 49-L State Certification #: or State Lice~se,~: or State License #: State: Pa '-~ State: Expiration Date of Certification or License: 6/30/2003 Expiration Date of Certification or License: [] Did [] Did Not Inspect Property Freddie Mac Form 439 6-93 Page 2 of 2 Form ACR -- 'q'0TAL for Windows" appraisal software by a la mode, inc. -- 1-800-ALAMODE Fannie Mae Form 1004B 6-93 OP STOWN TO: Law Offices Zullinger-Davis 14 North Main St Suite 200 Chambersburg, PA 17201 FROM: ORRSTOWN BANK P.O. BOX 250 SHIPPENSBURG PA 17257-0250 RE: ESTATE OF Joe W Maxwell DECEASED DATE OF DEATH: March 5, 2003 IT IS HEREBY CERTIFIED THAT THE ABOVE NAMED DECEDENT HAD, ON THE ABOVE DATE, THE FOLLOWING ACCOUNTS WITH ORRSTOWN BANK: (1) CHECKING ACCOUNTS ACCOUNT NO. TITLE OF ACCOUNT 524409 Joe W Maxwell SAVINGS ACCOUNT DATE OPENED 12/21/88 DATE OF DEATH PRINCIPLE & ACCRUED INTEREST 754.17 (2) DATE OF DEATH ACCOUNT NO. TITLE OF ACCOUNT DATE OPENED PRINCIPLE & ACCRUED INTEREST 17459 Joe W Maxwell 5/26/87 1,287.41 1.12 37200 Joe W Maxwell 5/22/00 1,385.23 1.21 450257 Joe W Maxwell 10/31/94 400.00 1.46 (3) CERTIFICATES OF DEPOSIT ACCOUNT NO. TITLE OF ACCOUNT DATE OPENED DATE OF DEATH PRINCIPLE & ACCRUEDINTEREST Date: 4/16/03 By: Timothea Customer Service Operator P.O, BOX 250 · SHIPPENSBURG, PA 17257 · TEL. (717) 532-6114 APPRAISAL OF PERSONAL PROPERTY OF THE ESTATE OF JOE W. MAXWELL, 25 WYRICK AVENUE, SHIPPENSBURG, PA ON MARCH 26, 2003: Modem roll-top desk Common chest of drawers & night stand Maple double bed with mattress & box springs Small storage cabinet with VHS tapes Modem 2-drawer oak file cabinet RCA portable color television Memorex VCR Modem television stand Sentry combination safe (combination unknown) 2 Large speakers ~$ 5.00 Camera tripod Common desk light Sharp fax machine Oak-finish entertainment center Magnavox portable color television JVC 5-disc CD player Magnavox VCR JVC receiver Miscellaneous lawn & garden tools Craftsman 22-in. push mower Electric stapler Miscellaneous hand tools Miscellaneous compact discs Black & Decker jig saw Craftsman belt sander Craftsman circular saw Sony AM/FM cassette boom box Halogen light with stand Metal car ramps 4-Foot wooden step ladder 2 Metal saw horses ~$ 4.00 Kodak 35mm camera Craftsman cordless drill Craftsman bench grinder TOTAL: $ 75.00 $ 35.00 $ 45.00 $ 25.00 $ 30.00 $ 35.00 $ 30.00 $ 15.00 $ 40.0O $ 10.00 $ 8.00 $ 5.00 $ 30.00 $ 40.0o $ 90.00 $ 30.00 $ 30.00 $ 25.00 $ 20.00 $ 45.00 $ 5.00 $ 40.00 $ 25.00 $ 8.00 $ 25.0o $ 25.00 $ 15.00 $ 10.00 $ 8.00 $ 8.00 $ 8.00 $ 15.00 $ 25.00 $ 20.00 $ 900.00 APPRAI S/~ BY: Dennis L. Gotshall, Auctioneer/Prop. Dan Hershey Auctioneering Service PA Lic. #AU-2306-L 3 Brown Road, Shippensburg, PA 17257 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 002597 ZULLINGER JOEL R ESQUIRE 14 NORTH MAIN STREET SUITE 200 CHAMBERSBURG, PA 17201 ........ fold ESTATE INFORMATION: SSN: 182-44-4588 FILE NUMBER: 2103-0301 DECEDENT NAME: MAXWELL JOE W DATE OF PAYMENT: 05/21/2003 POSTMARK DATE: 05/20/2003 COUNTY: CUMBERLAND DATE OF DEATH: 03/05/2003 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $1,879.44 REMARKS: TOTAL AMOUNT PAID' THOMAS V MAXWELL C/O JOEL R ZULLINGER ESQUIRE $1,879.44 SEAL CHECK//1 O4 INITIALS: JA RECEIVED BY: DONNA M. OTTO DEPUTY REGISTER OF WILLS REGISTER OF WILLS BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 180601 HARRISBURG, PA 17128-0601 COHNONWEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISENENT, ALLO#ANCE OR DISALLO#ANCE OF DEDUCTIONS AND ASSESSHENT OF TAX '03 JUL-7 JOEL R ZULLINGER ZULLINGER DAVTS i o .HAi. ST STE -, CHAMBERSBURG PA 1720'[~ CUT ALONG THIS LINE ~ '; DATE 07-07-2003 .i~ ESTATE OF HAXWELL DATE OF DEATH 03-05-2003 FILE NUHBER 21 03-0301 ~4:16 COUNTY CUHBERLAND ACN 101 Amount Reai'l:'~ad REV-l;47 EX AFP ¢01-05} JOE W HAKE CHECK PAYABLE AND REHZT PAYHENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17013 RETAIN LOWER PORTION FOR YOUR RECORDS --~ REV-1547 EX AFP (01-03) NOTICE OF INHERITANCE TAX APPRAZSENENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSNENT OF TAX ESTATE OF HAXWELL JOE WFZLE NO. 21 03-0301 ACN 101 DATE 07-07-Z003 TAX RETURN NAS: (X) ACCEPTED AS FILED ( ) CHANGED RESERVATZON CONCERNZNG FUTURE ZNTEREST- SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORI6INAL RETURN 1. Reel Es*eta (Schedule A) (1) 2. S~ocks end Bonds (Schedule B) (2) $. Closely Held Stock/Partnership Interes~ (Schedule C) ($) q. Hortgegas/Notas RecaAvabla (Schedule D) (q) 5. Cash/Bank DaposA~s/NAsc. Personal Proper~y (Schedule E) (5) 6. JoAntly O~nad Property (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. Tote1 AssaYs APPROVED DEDUCTIONS AND EXENPTIONS: 9. Funeral Expenses/Ada. Costs/Hisc. Expenses (Schedule H) (9) 10. Deb~s/Nor~gege LAabAIA~Aes/LAens (Schedule I) (10) 11. To~el Deductions 1E. Net Value o~ Tax RetuPn 6~700.57 33z500.00 O0 O0 NOTE: To Ansure proper O0 credA~ ~o your account, O0 subaA~ ~ha upper por~Aon O0 of ~hAs form ~Ath your ~ex payment. (8) 11,101.50 15. 1~. NOTE: 12,656.73 (11) (12) Char/table/Governmental Bequests; Non-elected 911:5 Trusts (Schedule J) (15) Net Value of Es~a~a Subjac~ ~o Tax (lq) :Zf an assessment ~as lssued previously, llnes 1~, 15 and/er 16, 17, reflect figures that include the total of ALL returns assessed to date. 00,200.57 ASSESSHENT OF TAX: 15. Amount of LLne lfi a~ Spousal ra~e 16. Aaoun~ of LAne 1~ taxable a~ LAneel/Class A rata 17. Aeoun~ of LAne 1~ et SiblAn9 ra~a 18. Aeount of LAne 1~ *axabla a~ Collateral/Class B ra~e 19. PrAncApal Tax Due TAX CREDITS: PAYMENT REC[ZPT DISCOUNT (+) DATE NUNBER INTEREST/PEN PAID (-) 05-20-2003 CD002597 98.92 23.758.23 16,086.30 IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. .00 16,086.30 18 and 19 ~ill (Is). .00 x O0 = .00 (16). .00 x 005 = .00 (17). 16,086.30 x 12 = 1,978.36 (18)~ .00 x 15 = .00 (19)= 1,978.36 AHOUNT PAID 1,879.00 TOTAL TAX CREDIT BALANCE OF TAX DUE ZNTEREST AND PEN. TOTAL DUE 1,978.36 .00 .00 .00 ( ZF TOTAL DUE ZS LESS THAN $1, NO PAYNENT ZS REQUIRED. ZF TOTAL DUE ZS REFLECTED AS A "CREDZT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SZDE OF THIS FORN FOR ZNSTRUCTZONS.) RESERVATION: PURPOSE OF NOT[CE: PAYMENT: REFUND (CR): OBJECTIONS: ADMIN- ISTRATIVE CORRECTIONS: DISCOUNT: PENALTY: INTEREST: Estates of decedents dying on or before December 1Z, 198Z -- if any future interest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Coeeon#ealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class B (collateral) rate on any such future interest. To fulfill the requirements of Section ZlqO of the Inheritance and Estate Tax Act, Act g$ of ZOO0. (TZ P.S. Section 91fi0). Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the reverse side. --Make check or money order payable to: REGISTER OF WILLS, AGENT A refund of a tax credit, ehich was not requested on the Tax Return, say ba requested by completing an "Application for Refund of Pennsylvania inheritance and Estate Tax" (REV-IS13). Applications are available at the Office of the Register of Wills, any of the 23 Revenue District Offices, or by calling the special Zq-hour ansaaring service for forms ordering: [-BOO-362-ZOSO; services for taxpayers #ith special hearing and / or speaking needs: 1-80O-qq7-3OgO (TT only). Any party in interest not satisfied with the appraisement, allowance, or disallowance of deductions, or assessment of tax (including discount or interest) as sheen on this Notice must object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue, Board of Appeals, Oept. ZSIOZ[, Harrisburg, PA 17128-1021, OR --election to have the matter determined at audit of the account of the personal representative, OR --appeal to the Orphans' Court. Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of individual Taxes, ATTN: Post Assessment Reviee Unit, Dept. [BO601, Harrisburg, PA 171Z8-0601 Phone (717) 787-6505. See page 5 of the booklet "instructions for inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. If any tax due is paid within three (3) calendar months after the decedent's death, m five percent (5Z) discount of the tax paid is allowed. The [SZ tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty ts appealable in the same manner and in the the same time period as you would appeal the tax and intarest that has been assessed as indicated on this notice. interest is charged beginning with first day of delinquency, or nine (9) months and one ([) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 198Z bear interest at the rate of six (6Z) percent per annum calculated at a daily rate of .00016q. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which ail1 vary free calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2003 are: Interest Daily Interest Daily [ntarast Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20Z .0005q8 1987 9Z .OOOZfi7 1999 7Z .00019Z 1983 16X .000438 1988-1991 llX .000S01 ZOO0 8X .000219 1984 llZ .000301 199Z 9Z .000247 2001 92 .0002~7 1985 1SZ .000S56 199S-1994 72 .OOOIgZ ZOO2 62 .000164 1986 lO[ .O00Z7q 1995-1998 9Z .000247 ZOOS 5Z .0001S7 --Interest is calculated as folZows: INTEREST = BALANCE OF TAX UNPAID X NUHBER OF DAYS DELINQUENT X DAILY TNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assmssaent. If payment is made after the interest computation date s~'~own on the Notice, additional interest must be calculated. WELTMAN, WEINBERG & REIS Co., L.P.A. ATTORNEYS AT LAW 175 South 3~ Street, Suite 900 Columbus, Ohio 43215-$177 (614) 801-2710 FAX (614) 801-2604 (800)-325-9965 CLEVELAND · COLUMBUS · CINCINNATI · PITTSBURGH · DETROIT Register Of Wills One Courthouse Square Carlisle, PA 17013 August 19, 2003 RE: Estate of Joe W Maxwell CLAIM OF: Household Credit Services OUR FILE NO.: 03104923 Dear Sir or Madam: This law fn-m represents Household Credit Services in connection with its claim which we wish to file on our client's behalf into the estate of Joe W Maxwell, deceased. Enclosed is our check in the amount of $5.00 which we understand is the filing fee for this claim Our client's claim is based upon its account number 5437000213610316 in the amount of $11,570.04. Included with this letter is the claim form which we wish to present to this court and which we are forwarding to the attorney and/or fiduciary of this estate. It would be appreciated if all correspondence and disbursements with respect to this matter be forwarded to our office and to the attention of the undersigned. Additionally, it would be appreciated if any notices of any hearings also be forwarded to the undersigned. Thank you for your cooperation in this matter. r that purpose. A JR:ida CC: Thomas V Maxwell, Personal Representative and Joel R Zullinger, Esquire Enclosure This law fn-m is a debt collector attempting to collect this debt for our client and any information obtained will be FORM 93-O.C. DIVISION IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN RE: ESTATE OF Joe W Maxwell (Deceased) No: 21-03-301 CLAIM To the Clerk of Orphans' Court Division: Index and make proper entry in your official record of claim of Household Credit Services(Claimant) Acct. No.: 5437000213610316 in the amount of $11,570.04 against the estate of the above named decedent. This claim is filed under section 732 (b) (2) of the Fiduciaries Act of 1949 as amended. The said decedent, who resided at 25 Wyrick Avenue, Shippensbur.q, PA 17257, died on March 5, 2003. Written notice of this claim was given to Thomasz~' on Au.qust 19, 2003 Allen J. Re 175 South Columbus. 1-800-325-9965 Third Street, OH 43215 wwr # 03104923 LAW OFFICES OF ZULLINGER- DAVIS PROFESSIONAL CORPORATION JOEL R. ZULLINGER 14 North Main Street Suite 200 Chambersburg, PA 17201 717-264-6029 Fax: 717-264-1884 zulngrlaw~earthlink.net Dale F. Shughart, Jr. 0fc0unsel HAMILTON C. DAVIS 20 East Burd Slteet, Suite 6 P.O. Box 40 Shippensburg, PA 17257 717-532-5713 Fax: 717-530-5222 davish~cvn.net October 16, 2003 Register of Wills Cumberland County Courthouse Carlisle, PA 17013 Gentlemen: RE: Estate of Joe w. Maxwell File No. 21-03-0301 Enclosed for filing in your office are an original and one copy of the First and Final Account for the above estate. Also enclosed is check in the amount of $119.00 for filing fee. If you have any questions, please contact my Chambersburg office. Thank you. Encls. FIRST AND FINAL ACCOUNT OF Thomas V. Maxwell, Administrator of the Estate of Joe W. Maxwell, Deceased Date of Death: March 5, 2003 Date of Administrator's Appointment: April 7, 2003 Date Letters Advertised: 4/25, 5/2&9, 2003 (Cumberland Law Journal); 4/15,22&29, 2003 (News-Chronicle) Accounting for the Period: March 5, 2003 thru September 30, 2003 Purpose of Account: The administrator offers this account to acquaint interested parties with the transactions that have occurred during the administrator's administration. The account also indicates the proposed distribution of the estate. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: Thomas V. Maxwell 1377 Falling Spring Road Chambersburg, PA 17201 Administrator Joel R. Zullinger, Esq. 14 North Main Street, Suite 200 Chambersburg, PA 17201 Attorney - 2 - SUMMARY OF ACCOUNT Proposed Distribution to Beneficiaries: Page Current Value Fiduciary Acquisition Value 0.00 Principal: Receipts Net Gain on Sales of Other Dispositions Less Disbursements: Funeral Expenses Administration Expenses Federal and State Taxes Fees 6 6 6 6 7,707.50 574.00 1,879.44 2,750.00 13,029.94 0.00 13,029.94 Principal Balance on Hand: 0.00 For Information: Investments Made Principal Changes in Investments Income: Receipts Less Disbursements Income Balance on Hand: 7 7 0.00 0.00 0.00 0.00 Combined Balance on Hand: 0.00 - 3 - RECEIPTS OF PRINCIPAL Cash: Savings Account #450257, Orrstown Bank Savings Account #37200, Orrstown Bank Savings Account #17459, Orrstown Bank Checking Account #524409, Orrstown Bank Carry-on trailer sold privately Personal property appraised by Dennis L. Gotshall Payroll checks from decedent's employer Refund Funds received from Administrator to pay estate administration expenses Real Estate: none Stocks, Bonds and Other Investments: none 521.30 1,406.91 2,339.93 817.55 100.00 900.00 1,913.97 36.94 4,993.34 13,029.94 0.00 0.00 13,029.94 0.00 0.00 TOTAL RECEIPTS OF PRINCIPAL: $13,029.94 - 4 - GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS Gain Loss Acquisition Value Net Proceeds Acquisition Value Net Proceeds TOTAL GAINS AND LOSSES: 0.00 0.00 2003 3/20 3/20 4/24 4/24 2003 4/? 4/24 5/¢6 5/¢6 5/20 5/20 5/20 10/8 DISBURSEMENTS OF PRINCIPAL Funeral Expenses: Spring Hill Cemetery, burial plot Robert Wyrick, grave opening Fogelsanger Bricker Funeral Home Shull-Koontz, engraving marker Administration Expenses: Register of Wills, probate fee Dennis L. Gotshall, appraisal of personalty Mooney's TAx Service, prepare final personal income tax returns Cumberland Law Journal, advertise letters News-Chronicle, advertise letters Register of Wills, filing PA Inheritance Tax Return Register of Wills, short certificate Ausherman Bros., appraisal of real estate titled joint with right of survivorship in the decedent and his brother, Thomas 500.00 100.00 6,786.50 321.00 7,707.50 75.00 40.00 15.00 75.00 101.00 15.00 3.00 7,707.50 - 5 - 10/8 2003 5/20 2003 V. Maxwell Clerk of Courts, filing first and final account Federal and State Taxes: Register of Wills, Agent, PA Inheritance Tax Fees: Joel R. Zullinger attorney fee 250.00 119.00 693.00 1,879.44 1,879.44 2,750.00 2,750.00 693.00 1,879.44 2,750.00 TOTAL DISBURSEMENTS: $13,029.94 - 6 - PRINCIPAL BALANCE ON HAND Current Valu9 Fiduciary Acquisition Value Cash 0.00 0.00 INFORMATION SCHEDULES INVESTMENTS MADE - PRINCIPAL None CHANGES IN INVESTMENT HOLDINGS - PRINCIPAL None RECEIPTS OF INCOME Interest: None 0.00 Dividends: None 0.00 TOTAL RECEIPTS OF INCOME: $0.00 - 7 - UNPAID CREDITORS OF THE ESTATE Household Bank c/o Weltman, Weinberg & Reis Co., L.P.A. 175 S. Third Street, Suite 900 Columbus, Ohio 43215-5134 Unpaid balance due on decedent's credit card Acct. #5437000213610316 Allfirst Bank P.O. Box 17292 Baltimore, MD 21203 Balance due on decedent's lease account #9000024889 TOTAL DUE UNPAID CREDITORS 11,575.04 1,279.80 12,854.84 As evidenced by the above accounting, there are no funds in the estate to pay the unpaid creditors set forth above. The administrator of the estate deposited from his own personal funds the sum of $4,874.34 to complete payment of the estate's administration expenses. PROPOSED DISTRIBUTION TO BENEFICIARIES The only beneficiary of the estate is Thomas V. Maxwell, brother and sole surviving relative of the decedent. As evidenced by the above accounting there are no funds remaining in the estate for distribution. - 8 - COMMONWEALTH OF PENNSYLVANIA: :SS COUNTY OF FRANKLIN : Thomas V. Maxwell, Administrator of the estate of Joe W. Maxwell, deceased, hereby declares under oath that he has fully and faithfully discharged the duties of office; that the foregoing first and final account is true and correct and fully discloses all significant transactions occurring during the accounting period; that the estate assets were insufficient to pay the administration expenses of the estate; that he did deposit from his personal funds the amount necessary to pay the remaining adminsitration expenses; that there are no funds available to pay the unpaid creditors of the decedent as listed above; that all taxes presently due from the estate have been paid; that there are no funds remaining in the estate for distribution to the individual named in the within schedule of distribution. Sworn to and subscribed before me Notary Public' - 9 - AFFIDAVIT STATE OF PENNSYLVANIA: :SS COUNTY OF FRANKLIN : Joel R. Zullinger, being duly sworn according to law, deposes and says that he did on October~/~mail notice of the filing of the above First and Final AcCount and Proposed Schedule of Distribution by certified mail, return receipt requested, to the following parties: Household Bank c/o Weltman, Weinberg & Reis Co., L.P.A. 175 S. Third Street, Suite 900 Columbus, OH 43215-5134 Allfirst Bank P.O. Box 17292 Baltimore, MD 21203 Thomas V. Maxwell 1377 Falling Spring Road Chambersburg, PA 17201 Sworn and subscribed ~o before - Notary P6b~ic PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 STATE OF PENNSYLVANIA : : COUNTY OF CUMBERLAND : SS. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Joumal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, viz: APRIL 25, MAY 2, 9, 2003 Maxwell, Joe W,, dec'd. Late of Shippensburg Township. Administrator: Thomas V. Max- well, 1377 Falling Spring Road, Chambersburg, PA 1720L. Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. /Lisa Made Coyn/~ditor SWORN TO AND SUBSCRIBED before me this 9 day of MAY, 2003 Attorney: Joel R. Zullinger, Es- quire, 14 North Main Street, Room 200, Chambersburg, PA 17201. Proof of Publi'cation of Notice in The News-Chronicle COUNTY OF CUMBERLAND COMMONWEALTH OFPENNSYI_VAN, IA JOEL R. ZULLINGER, ATTORNEY Andre',',' J. McMullin, being duly sworn according to lay,', deposes and sa,cs that he is the Editor of "The News- Chronicle," which is a weekly newspaper of general circulation published in Shippensburg Township, Cumberland Count.,,; Pennsyh'ania, by The News-Chronicle Compan)5 a corporation duly organized and existing under the lav,'s of the Commonwealth of Pennsyh'ania having its principal place of business at ]0ll Ritner Highway (P.O. Box 100), Shippensburg, Peru'~sylvania; thai he is authorized to and does make this affidavi! on its behalf; that the priflled notice, advertisement of publication attached hereto is the same as was printed in the regular editions and issues of "The News-Chronicle" on the following date(s): April 15, April 22, and April 29, 2003 Affiant further deposes that neither he nor "The News-Chronicle" and The News-Chronicle Company have any interest in the subject matters of the aforesaid notice or advertisement, and that the facts set forth in the foregoing affidavit are true and correct. Chambersburg, Franklin ~~Commission ~v.;.__ County ~//I~ ry~Public Copy of Notice of Publication ESTAT!g NOTICE NOTICE is hereby glven'lhal in the estate of the decedent set forth below the Register of Wills has granted letters of adminis- tration to th~person named. All persons having claims, or demands against the said estate are requested to make known the same and all persons indebted to said estate are requested to make payment without delay to the executor, adminis~ralm-, or estate attorney named below: Estate of Joe W. Maxwell Deceased Late of Shippensburg Township, Cumberland Cou~y, I~nmylvania Administrator: Thomas ¥. Maxwell 1377 Falling Spring Road Chambersburg, PA 17201 Attorney: Joel R. Zullinger, Esq. 14 North Main Street, Room 200 Chambersburg, PA 17201 Adv. NC April 15, 22, 29 To: "The News-Chronicle" Shippensburg, PA 17257 For publishing the notice attached hereto: On the stated date(s) ....... $ · Affidavit ................. $ Total ..................... $ 99.00 2.00 101.00 -% JOEL R. ZULLINGER, ESQ. 200 Chambersburg Trust Co, Chambersburg, PA 17201 TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 STATUS REPORT UNDER RULE 6.12 Name of Decedent' Joe w. Maxwell Date of Death' 3/5/2003 Will No. 2003-00301 Admin. No. 21-03-0301 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate' State whether administration of the estate is complete' Yes X No ~ 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete · 3. If the answer to No. 1 is Yes, state the following: account with the Court ? Did the personal representative file a final Yes X No ~ b. The separate Orphans' Court No. (if any) for the personal representative's account is' c. Did the personal representative state an account informally to the parties in interest ? Yes No ~ d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date' 12/10/2003 ~ ~/K,, :~'i;,~-~",77~4.. Signature' .~/~,_. 65f doel R. Zullinqer Name (Please type or print ) 14 North Main Street, Suite 200 Chambersburg PA 17201 Address (264) -6029 Tel. No. Personal Representative Counsel for personal representative X