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HomeMy WebLinkAbout08-12-111505610140 REV-1500 EX (°'-'°' OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes INHERITANCE TAX RETURN County Code Year File Number PO BOX 280601 2 1 1 1 0 4 3 3 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDOYYW Date of Birth MMDDYYYY 1 5 4 3 4 5 0 7 8 0 3 2 0 2 0 1 1 0 7 1 5 1 9 2 1 Decedent's Last Name Suffix Decedent's First Name MI R A M O N D M I C H E L I N E (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 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^X 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death 4. Limited Estate ® 4a. Future Interest Compromise (date of prior to 12-13-82) ~ 5. Federal Estate Tax Return Required ® 6. Decedent Died Testate ~ death after 12-12-82) 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORR ESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number 7 1 7 2 4 3 3 3 4 1 First line of address M A R T S O N L A W O F F I C E S Second line of address 1 0 E H I G H S T City or Post Office C A R L I S L E State ZIP Code P A 1 7 0 1 3 correspondent's a-mail address: J F O W L E R a M A R T S O N L A W• C O M ~, ~~; ;; _~ ,~ rT unaer penalties of perjury, 1 declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, corn and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SI, URE OF ERS SPONSIBLE FA FILING RETURN DAT - ~~I z~61 ADDRESS 1889 RACHEL DR SIG T R F PREPA 0 A~1 SS 1~E HIGH STRE CA ATIVE .~_ T CARLISL PLEASE USE ORIGINAL FORM ONLY 1505610140 Side 1 PA 17013 DATE ~//z f i PA 17013 1505610140 1505610240 REV-1500 EX Decedent's Name: MICHELINE RAMOND Decedent's Social Security Number 1 5 4 3 4 5 0 7 8 RECAPITULATION 1 1 5 7 5 0 0. 0 0 1. Real Estate (Schedule A) ...................................... . ..... 2. Stocks and Bonds (Schedule B) ................................. ..... 2. 0 . 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 4. Mortgages and Notes Receivable (Schedule D) ..................... ..... 4. 1 5 D 0 8 . 6 1 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E).. ..... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested .. ..... 6, 4 0 • 3 7 7. Inter-Vivos Transfers & Miscellaneous N -Probate Property l ~ 4 2 1 0 5 6 3 8 (Schedu e G) Separate Billing Requested .. ..... 7. . 8. Total Gross Assets (total Lines 1 through 7) ...................... ..... 8. 5 9 3 6 0 5. 3 6 19. TAX DUE ......................................................19. 2 4 5 2 3• 3 6 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^ 9. Funeral Expenses and Administrative Costs (Schedule H) .... .... .......... 9. 3 9 6 9 2 . 4 5 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ... .......... 10. 8 9 4 9 . 3 5 11. Total Deductions (total Lines 9 and 10) ................. .... .......... 11. 4 8 6 4 1 . 8 0 12. Net Value of Estate (Line 8 minus Line 11) .............. .... .......... 12. 5 4 4 9 6 3 . 5 6 13. Charitable and Governmental Bequests/Sec 9113 Trusts for whi ch an election to tax has not been made (Schedule J) ........ .... .......... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ........ .... .......... 14. 5 4 4 9 6 3 . 5 6 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 5 4 4 9 6 3. 5 6 1s. 2 4 5 2 3. 3 6 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 1 g, 0. 0 0 1505610240 Side 2 1505610240 J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 11 0433 DECEDENT'S NAME MICHELINE 12AMOND STREET ADDRESS 1918 Esther Drive CITY Carlisle STATE PA ZIP 17013 Tax Payments and Credits: ~ • Tax Due (Page 2, Line 19) ' 2. CreditslPayments A. Prior Payments 21,000.00 B, Discount ___ _ 1,105.23 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. (1) 24,523.36 Total Credits (A + g) (2) 22,105.23 (3) (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 2,418.13 Make check payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ...................................................................... © ^ b. retain the right to designate who shall use the property transferred or its income; ............................... ^ X^ c. retain a reversionary interest; or ................................................................................................ ^ 0 d. receive the promise for life of either payments, benefits or care? ....................................................... ^ 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ^ Q 3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or her death? ......... ^ Q 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. ,, :.,, ,, -.r .. _ 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)]. • 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}]. 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. REV-1502 EX+ (01-10) pennsylvania ~ SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: MICHELINE RAMOND 21 I 1 0433 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 jointlyowned 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. Real estate located at 1918 Esther Dr., Carlisle Borough, Carlisle, PA, known as Tax Parcel No. 157,500.00 29-16-1094-082 and being described in Deed dated 05/19/1991 and recorded in Cumberland Co. Deed Bk "D", Vo135, Page 228 and being conveyed unto Maruice H. Ramond &Micheline Ramond, his wife. Maurice H. Ramond died 12/14/2004, leaving title solely vested in Micheline Ramond, Decedent herein. Value is assessed value. (See attached) TOTAL (Also enter on Line 1, Recapitulation,) I $ 157 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. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER MICHELINE RAMOND 21 11 0433 Include the proceeds of litigation and the date the proceeds were received by the estate. All property joinUyowned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1, Citizens Bank checking 6209387601 2,497.20 ($2,497.19 + $.O1 int) See attached 2. M&T Bank checking 65201078 10,156.08 ($10,156.08 + $.02 int) See attached 3. Highmark, premium refunds 305.33 4. ~ 2010/1040 personal income tax refund ~ 1,600.00 5. Household goods and personal property (estimated value) 450.00 TOTAL (Also enter on line 5, Recapitulation) $ 15 008.61 (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: MICHELINS RAMOND 21 11 0433 If an asset was made jointly owned within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME(S) A. Frank B. Ramond C. JOINTLY-OWNED PROPERTY: 1889 Rachel Drive Carlisle, PA 17013 ADDRESS TIONSHIP TO DECEDENT Son 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 °k OF DECEDENT'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERESI 1. .A. 02/2006 Citizens Bank checking 6214352845 80.73 50. 40.37 TOTAL (Also enter on Line 6, Recapitulation) I $ 40 37 If more space is needed, use additional sheets of paper of the same size. REV-1510 EX+ (08-09) pennsylvania DEPARTMENT OFREVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER MICHELINS RAMOND 21 11 0433 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OFTHETRANSFEREE,THEIRRELATIONSHIPTODECEDENTAND THE DATE OF TRANSFER.ATTACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION pFaPVUCAeLE) TAXABLE VALUE 1. Micheline Ramond Revocable Trust Agreement dated 09/05/1995 421,056.38 100.00 421,056.38 Beneficiaries: Pierre M. Ramond, son, 50%; Francois D. Ramond, son, 50%. See attached Trust Agreement and Estate Valuation TOTAL (Also enter on Line 7 Recapitulation) ~ $ 421 056.38 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (10-09) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS --- ESTATE OF FILE NUMBER MICHELINE RAMOND 21 11 0433 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hollinger Funeral Home, Mt. Holly Springs, PA 2,931.77 2. Hollinger Funeral Home, gravemarker 895.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Francois D. Ramond Street Address 1889 Rachel Drive City Carlisle State PA ZIP 17013 Year(s) Commission Paid: 2012 2, Attorney Fees: Martson Law Offices (estimated) 3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4• Probate Fees: Register of Wills of Cumberland County 5 Accountant Fees: 6. Tax Return Preparer Fees: 8,900.00 23,387.00 311.50 7. Register of Wills, Short Certificates 8.00 8. Register of Wills, filing fee, Inheritance Tax return 15.00 9. Stump removal pending disposition of real estate 570.00 10. Tuckey Mechanical, house repair pending disposition of real estate 281.76 11. Robin Sollenberger, real estate taxes pending dispostion of real estate 1,892.42 12. Reserved for miscellaneous costs, Recorder of Deed fees and accounting 500.00 TOTAL (Also enter on Line 9, Recapitulation) $ 39,692.45 If more space is needed, use additional sheets of paper of the same size REV-1512 EX+ (t 2-OS) pennsylvania SCHEDULE 1 DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES, & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER MICHELINE RAMOND 21 11 0433 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Cumberland Crossings, account payable 6,071.82 2. Pennsylvania Department of Revenue, 2010 PA/40 personal income tax due 207.00 3. Continuing Care Rx, account payable 207.85 4. Robin Sollenberger, 2011 Per Capita tax 9.80 5. Robin Sollenberger, 2011 County/Township real estate tax 495.67 6. Home Depot, account payable 726.30 7. Lowes, account payable 345.63 8. RT Cary Trucking, account payable, trash removal 20.28 9. Manson Law Offices, account payable for estate planning 865.00 TOTAL (Also enter on Line 10, Recapitulation) I $ 8,949.35 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: MICHELINS RAMOND 21 f f na~~ RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).) 1. Pierre M. Ramond Lineal 272,481.78 2502 NW 27th Terrace Gainesville, FL 32605 2. Frank B. Ramond Lineal 272,481.78 1889 Rachel Drive Carlisle, PA 17013 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. $ Ir more space Is needed, use aooltlonal sheets of paper of the same size. LAST WILL AND TESTAMENT OF MICHELINE RAMOND I, Micheline Ramond, of North Middleton Township, Cumberland County, Pennsylvania, declare this to be my Last Will and Testament and revoke all Wills and Codicils previously made by me. ITEM I: I direct that all my legally enforceable debts and funeral expenses, including my grave marker and all expenses of my last illness, shall be paid from my residuary estate as soon as practicable after my decease as a part of the expense of the administration of my estate. ITEM II: I bequeath any automobiles or motor vehicles I may own at my death, my personal effects, such household goods if any as may be my individual property and not the property of my husband or owned jointly by me with him, and other tangible personal property of like nature (not including cash or securities), together with any existing insurance thereon, to my husband, Maurice H. Ramond, providing he survives me by sixty (60) days. Should my said husband predecease me or die on or before the sixtieth day following my death, I bequeath such tangible personal property and insurance thereon to such of my sons as are living on the sixty-first day after my death, to be divided between with due regard for their personal preferences in as nearly equal shares as practical and as they shall mutually agree. I direct that any of the foregoing articles not selected by my sons or about which there is no agreement shall be sold at public or private sale by my personal representative(s), and I further direct that the net proceeds thereof shall be administered and distributed as a part of the residue of my estate. ~~ ITEM III: I devise and bequeath the residue of my estate of every nature and wherever situate to my said husband, providing he survives me by sixty (60) days. ITEM IV: Should my said husband predecease me or die on or before the sixtieth day following my death, I devise and bequeath the residue of my estate of every nature and wherever situate in equal shares to my sons, Pierre Michel Ramond and Francois Daniel Bernard Ramond, provided that the share of either son who predeceases me or dies on or before the sixtieth following my death shall be distributed to his issue, per stirpes, living on the sixty-first day following my death, and in default of any such then living issue, such share shall be added to the share for my other son, or his then living issue, per stirpes. ITEM V: Should any person entitled to a share of my estate not have attained the age of twenty-one (21) years at the time of distribution to him or her, I devise and bequeath the share for each such person to the Trustee of that certain Trust created by me with Dauphin Deposit Bank and Trust Company, of Harrisburg, Pennsylvania, on the Ste, day of September, 1995, to have and to hold, IN TRUST, for the uses and purposes and subject to the terms and provisions thereof, including any alterations or amendments thereto, or any other trust which may hereafter be substituted therefor. ITEM VI: All Federal, State and other death taxes payable because of my death, with respect to the property forming my gross estate for tax purposes, whether passing under this Will or otherwise, including any interest or penalty imposed in connection with such taxes, shall be considered a part of the expense of the administration of my estate and shall be paid out of the principal of my residuary estate without apportionment or right of reimbursement. ~~-~~ ~~ C~~ ~ ~. , ~~~~ «. ITEM VII: I appoint my said husband Executor of this my last Will. Should my said husband fail to qualify or cease to act as Executor, I appoint my son, Francois Daniel Bernard Ramond, Executor of this my last Will. Should my said son fail to qualify or cease to act as Executor, I appoint my other son, Pierre Michel Ramond, Executor of this my last Will. Should my said other son fail to qualify or cease to act as Executor, I appoint Dauphin Deposit Bank and Trust Company, of Harrisburg, Pennsylvania, Executor of this my last Will. ITEM VIII: I direct that all fiduciaries acting under this Will, whether or not named herein, shall not be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal, this ~ ~ day of September, 1995 . ~A(~., P,~~~ / [SEAL] The preceding instrument, consisting of this and two (2) other typewritten pages, each identified by the signature of the Testatrix, was on the date thereof, signed, published and declared by Micheline Ramond, the Testatrix therein named, as and for her last Will, in the presence of us, who, at her request, in her presence and in the presence of each other, have subscribed our names as witnesses hereto. ,.--• ,y{ / ~ ~ i ~ .. COMMONWEALTH OF PENNSYLVANIA ss. COUNTY OF CUMBERLAND We, Micheline Ramond, John B. Fowler, III, and Mary M. Price, the Testatrix and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her last Will and that she has signed willingly, and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as witness and that to the best of his/her knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. y~~~~~~~ ~"~ /- ~ ~-~ Testatrix / /~ _ ~~ ness `ri / ~ ~ / 1. U' Witness Subscribed, sworn to and acknowledged before me by Micheline Ramond, the Testatrix, and subscribed and sworn to before me by John B. Fowler, III, and Mary M. Price, the witnesses, this ~" day of September, 1995. tJOTAAlAL SEAL 80NNIE L. COYLE, NOTARY PUBLIC 30F~0 Of MT HOLD SPRfN6S, CUp,18ERU;NO CO. rav COtdu!SSIGN EXP!AES OCT08~R t1, 1998 /~ - y/ ~r /Y~ No~~ y Pu lic ' TaxDB Result Details DistrictNo 29 Parcel ID 29-16-1094-082. MapSuffix HouseNo 1918 Direction Street ESTHER DRIVE Ownerl RAMOND, MAURICE H & MICHELINE C/O PropType R PropDesc LivArea 1196 CurLandVal 40000 CurImpVal 117500 CurTotVal 157500 CurPrefVal Acreage .26 CIGrnStat TaxEx 1 SaleAmt 88000 SaleMo OS SaleDa 29 SaleCe 19 SaleYr 91 DeedBlcPage 0035D-00228 YearBlt 1971 HF File Date 10/25/2004 HF_Approval_Status A Detailed Results for Parce129-16-1094-082. in the 2010 Tax Assessment Database ~~ ~. ~ > r ~tii~~R. :~`-Y~ L.~l ~ ~- httn ~//taxdh. ccna. net/details.asn?id=29-16-1094-082.&dbselect= l Page 1 of 1 4/5/2011 I I, .._ (... _..__.._.._.... _ _..... PIIZ-GEED-WAggANTy IND. Oq CDgP. f G V 6 T-1 COPYgfaM I fJb • by µ4STATE LEGAL SVPPLY COMP V~I~t'$ ~Ppat ,Wade the 15th day y' March te91 iietween CHAEi.68 DDNNs III sad ANA i. Dp1111, hie wile. herein dexiyrtuled as the Grnntorx, Ana MAOYICE H. RAlOOND and IQCHEI.IiIE NAIERID, his wife. herein deaiyuated as the Cruateex; #itntuety, that the Cmnton, ,f or• and is conaiderotion qJ' Eighty-eight Thousand and no/ 100 Dollars (;88.000.00) - __ _ ~~'~_~_~___ lawful money ojthe United States gjAnrericQ to the Grontorr in haxd ttr!1 and frtdylxrid by fhr Crtruterx, at ar 6rfore the aealiny and dsKvsry of these present, the receipt wherauJ' ie herrby ucknau•lydyr•d nrrd the Cranteta foTM ~thenewith fully satiaf+ed do 6y these presents ymnt, lxrrtXrirr, xrll oud torrw•y unto tlrr All Chat certain Eruct or parcel qj land and prenrixrx, situate, lyirry and brintr i+r Ihr Township of North Middleton irr the Grrrrrty er/, Cumberland and Commonwealth of Pennsylvania, more particularly dracribrrl rur fnllorrx; BEING Lot No. 20 on Play No, 4 oP Noll Manor. as recorded in the Office of the Recorder of Desda for Cumberland County in Plan Sook 20, Page 68, containing 90 feet along Esther Drive. having a depth along the South of 125 feet, a width in the rear of 90 feet, and a depth along the North of 125 feet. BEING improved with cone-story brick and aluminua aiding dwelling known ae 1918 Eether'Driva, Carlisele, Pennsylvania. AND BEINC the same properly which Thomas A. Thompson, Jr. and Ann L. Thompson by Deed dated Auguae 19, 1988 and recorded in the Offlce of the Recorder of Dasd in and for Cumberland County in Deed Sook "N". Volume 33. Page 247, granted and conveyed unto Charles Dunn, III and Ana T. Dunn, Craptors herein. SUBJECT, NEVERTHELESS, to the building and use restrictions ae recorded with said Plan. NtMt 6 ~n:~d~ f.~ t~nvnalup ut Cumb. Co., Pe ~ % Asal Fatale lranste-Taa DetsS ' ~ • r t Ilea. `'1 Y u oL ~~}•~. Z ~f~A. Cumb. Co, DhK.TCoG AoRli-r_C.,~ ~i~!"~-'^""~ School Dist. Cumb. CD., Ps. ` % Rsal EsWre 1rarWa Tsa Dees "''~Y/ naa. u y_`' °v ~~-k.t P 7: e ~ ler- Cumb. Co. Dkt. Col, pp(, oooK~35 rice 228 ~~ ~ ~~ ,~ • k~ ~' u • ~~ "' C~'lN,Ct•JWEAG4 OF FE:VP151'l`!At•t1A'- -' fcr/:i'?Mt:hf Of REVFI•lUc - f:';gRC:7-C'FICc""iri• iilE •_M_ ' ;•, ~_._.........._? ~vUNTY•~'A, ~ogstbsr with alt and xinpular the buildings, improvemrrnta, uxrys, uxxxla, wnterx, wrrtr•rcrrurxax, riphtx, (ibarfirx, priuilagax, Irrreditnrnents and ap/rtrrtenatteea to the same belarrginp or in avey+oise apperfainir+g; mid the nrueminu attd rerxrxionx, rn»raindrr and remainders, renGr, iarues and pnfilx theraoJ; urn! r;/'euery port rand lxarcei than»f; AaD also rrll the ertate, right, title, ixtarext, axe, pnxxexsion, prrrpertp, claim wut demnxrl ruhntxaeuur ojfhe Grantors both in G~w and in eryuily, of, in and fn }he prcrnixax hernia drxcribcd uud curry Ixarf curd Ixrrcel thereof with fhe appurtereuttces. $o bans aatl to bolD all and xrug+rtnr the pn+nixes hareindcxcrilxvt lngeNuvwithtkehenrlitunrrntsandalgrarfananeex unfafhaGrnxfrY;xandtoGrurrfcKx'prvpar axe nxd br•naJit Jirreuer, Anti Nu• L'rnxtors cm,eoraxt that, except w may be kerebr set Jurfh, they do and milt tortnsr anarratlt rnrd aefsat! fhe lurulx and premixex.herrditnmenta and appurtrnrnrcex hereby cuurx•yrd,uprainxt the Gnuttanr and aN other Ixrxonx lrrraftrtly claiming the aurae or to claim the xame. /n rt!t rtjrrcxrra hen•in M asp txartirx tx'rarms, entifiei or rnryrorurioxx, !ha a,rr oJ'rnrp Ixrrfir•xlrtr yr•xde- ur the plwrul orxirrr/ulnr nuxrtmr ix ixfeudrd to txctaxfe the appropriate pvudrrur xumlx•rrM fbn Irrt rU fhr rrlthlN inMlrurxrNt rkuy rrgxin•, Whrrr•rrr ix thix ixxlrnnerxr rtxyN party xhutl tie dwipa+rttod nr rvJi•ntial In bs rxaxrr nr NNrxrnd nJrn•xrr, xurh drMipxu- lion ix infrnd,vl In and r.hnll luu•r• Iha xrtme ejjoet w j/ the nerds "lrrirx, arrn~xforx, mlrnixixtndarx, Ix+rxrnrut ar Peyul reprtarxfnlirxrx, xxrn•xxnn sad rrxxipax" hrrd been inrerted gRer each and rrxvy xnrh drnipxufina. ~a titans ttJgereot, the Grantors have hereunto set their hands and aarafs, ar ija coryoration, it ha caused thrxa prrxeuta la be xipned try ib proper eorporote oJJicers ud it a~rporate real to be hereto, the day arut year first above written, /igaea, iealea aaa ~diuersa la tqr prsosace of ~~.- or sstsD bg c a ...........Charle.~/unn~ •III ..,..••.....•...,......,. Ana T, Duna (QommaaJUrrltit} of ~rnneglaaata, (IIaanty of its it ~rmembsrea, that on March 1S personally appeared Charles Duaa, III and Ass T. Duan Cumberland ~tiH„ 1991 , 6ri/rrrrr me the xubxcriber known to rae (or satisfactorily proven) to be !Ae persons whore names are to the within deed and acknowledged that they executed the same for the pu+7axes t~itasa my hand and seal the day and year a>foreaaid. ,; IVl7iT I,~ gq~aY PeNio ........ ... WenOV \ta; },mf,,,,+@wn1Y v.7!'`~ 5 ~ Cyl!ele lr , sn,~a Otary t _ 1 ~ r Noltrial Sosl Woody May Yauur,• Noluy Public Carlislo tBorouph, t:umbedOad County tsty Commlesion Exgraa Mrl. 3, 18f2 gppg~ ~ FA6E 2`~ (6amtnanut:sll~ at ~ennaglaratttx, (6aunlg of ~ Ae.: alt It atttnttnbttt0, that ot1 18 , Gefom me the anbNrvtibrr, peroonal(p appeared who aeh~rowled~ed xeif (o be the of a Crrrporrrtian, and fhrtt beixy authorized to da to a» duck carpornfr ryjicer rrectefed the frrrr•t/rriny innlrnrnrrrl jor fhe pur7xnret therein cnntainrd un hehu{)'of the curparutian. aglteett my hand and real fhe duy and yerer y/ore>taid. II II :: II , ~~ ~ ~ a3 m ~ ~ h m .'ri h n O m t+ u .a° ,~ w ~ ~ ~ ~ u w ~ a ~~...+~~Nv~,K '__ _} t' .d ,,,~ ,N~~ ~ Fo b~,, a e T l~ '~ ~ ~ ~ a r Stets of P t y1SS ~ i . ~,d ~: 4 1 !" ~ County of Cumberland Recorded In the office far the reoordlnq Of Desde e m and to umberl nd um P e ' ~ e ~ ~ " ~ ~O ,~ ~, r~l ~ ~ ~' ~ ~ ''~ •1 ~ c y~ ~ ~, G ( ~ it Book SL Vol ~ 2 Pa o?~1S •`~ ~ 'i ' e ~ ~ : ' _ . . • witness my hand end,yeal of offic Qr fY , ~ ~ ~ ~\ I ' '" •+.1 N ~ ~ Carlisle, PA d• f 19- a i (J b otli •~ z , 3~ d ~ ,,,; ~ I 'soaK X35 Pace 230 ~: ~ ~ i • • A~ Citizens Bank° Account Number 6209387601 Account Title MICHELINE RAMOND Date O ened 12/20/2004 Account T e Checkin Princi al Balance as of DOD $2497.19 interest from Last Postin to DOD $ .O1 Account Balance as of DOD $2497.20 YTD Interest to DOD $ .28 ~ _ ~~ ~ ~~~ ~ d ~ c~ i ~,Vll~l ~~~~1~ 499 Mitchell Road, Millsboro, DE 19966 Adjustment Services Phone 888-502-4349 F ax (302) 934-2955 Apri18, 2011 Vlartson Law Offices 10 East High Street Carlisle, PA 17013 Re: Estate of Micheline G Ramond Social Securi~: 154-34-5078 Date of Death• March 20, 2011 Dear Sir or Madam: Per your inquiry on Apri17, 2011, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Account Number Ownership (Names ofl Opening Date Balance on Date of Death Accrued btterest Total Checking Account 65201078 Micheline Ramond Maurice Ramond Francois Ramond (POA) 09/OS~S $10,156.06 $ .02 $10,156.08 For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, please call the High Sheet Carlisle OfSce at #717-2.t(b4536. We were unable to locate any safe deposit box for the above-mentioned decedent. This letter does not include any accounts in which the deceased may have been listed as Power of Attorney, CLstalian of Uniform Transfers, Representative Payee, or Trustee under a Written Agreement Sincerely, ~~- Tammy Spencer ,~djustmenl Services ~~ Citizens Bank 1 t ~:~ 1 Account Number Account Title Date Opened Account Type Principal Balance as of DOD Interest from Last Posting to DOD Account Balance as of DOD YTD Interest to DOD 6214352845 MICHELINE RAMOND / FRANK B RAMOND 2/4/2006 $80.73 $ .00 $80.73 $2.84 ~ ,/~ Estate Valuation - Ramond, M T/A 1{1104547508 Date of Death: 03/20/2011 Valuation Date: 03/20/2011 Processing Date: 03/23/2011 Shares Security High/Ask Low/Bid or Par Description 1) 3 Cash 2) 994.758 BRIDGEWAY FD INC (108797903) ULTRA SML MKT NASDAQ) Mutual Fund (as quoted by 03/18/2011 3) 299.639 WT MUT FD (929398769) CRM MDCP VAS I Mutual Fund (as quoted by NASDAQ) 03/18/2011 q) 2597,291 FEDERATED EQUITY FDS (314172560) STRG VAL DV INST NASDAQ) Mutual Fund (as quoted by 03/18/2011 51 326.939 LOOMIS SAYLES FDS I (593995816) SML CP VAL INS Mutual Fund (as quoted by NASDAQ) 03/18/2011 6) 299.088 MORGAN STANLEY FOCUS GROWTH (616933404) SBI CL I NASDAQ) Mutual Fund (as quoted by 03/18/2011 7) 380.125 VANGUARD INSTL INDEX FD (922040100) SH 8EN INT NASDAQ) Mutual Fund (as quoted by 03/18/2011 g) 500.698 VANGUARD INDEX FDS (922908462) VALU IDX SZGNL NASDAQI Mutual Fund (as quoted by 03/18/20].1 g) 371.112 HARBOR FU (911511306) INTL FD INSTL NASDAQ) Mutual Fund (as quoted by 03/18/2011 10) 1437,597 DREYFUS/LAUREL FDS TR (261980759) DREYF HIYLD I Mutual Fund (as quoted by NASDAQI 03/18/2011 1~) 1794.568 FEDERATED GNMA TR (314189102) INSTL SHRS NASDAQ) Mutual Fund las quoted by 03/'8/2011 12) 7059.749 FEDERATED TOTAL RETURN SERS (31428Q101) TOTL RET INSTL NASDAQ) Mutual Fund (as quoted by 03/18/2D11 Estate of: Ramond, M T/A Account: 1104547508 Report Type: Date of Death Number of Securities: 15 File ID: Ramond, M TA 1104547508 Mar20 11 Mean and/or Div and Int Valueity Adjustments Accruals 14.88000 Mkt 14 880000 29.67000 Mkt 29.670000 4.94000 Mkt 4.440000 27.28000 Mkt 27 280000 36.75000 Mkt 36.750000 117.97000 Mkt 117 470000 22.44000 Mkt 22 440000 60.52000 Mkt 60.520000 6.75000 Mkt 6.750000 11.30000 Mkt 11.300000 11.18000 Mkt 11.180000 36,758.58 7,362.00 7,406.64 11,531.97 8,918.90 10,807.73 99,653.26 11,235.66 22,959.70 9,703.7? 19,713.62 78,872.09 page 1 a roduct of Estate Valuations G Pricing Systems, Inc. 'f you have questions, This report was produced with EstateVal, p please contact EVP Systems at 1818) 313-6300 or w~evpsys.com. (Revision 7.i.- `~ , G r, ,~/~ ~ Date of Death: 03/20/2011 Valuation Date: 03/20/2011 Processing Date: 03/23/2011 Shares Security or Par Description High/Ask Low/Bid 131 7222.292 PIMCO FDS PAC INVT MGMT SER (6933907001 TOTAL RETRN PT Mutua' Fund (as quoted by NASDAQ) Estate cf: Ramond, M T/A Account: 1104597508 Report Type: Date of Death Number of Securities: i5 File ID: Ramond, M TA 1109597508 Mar2C 11 Mean and/or Div and int Security Adjustments Accruals Value 03/18/2011 10.90000 Mkt 10.900000 14) 1729.568 RIDGEWORTH FDS (766267676) SEIX FLRT HI I Mutual Fund (as quoted by NASDAQ) 03/18/2011 8.99000 Mkt 8.980000 15; 5748.085 VANGUARD FIXED INCOME SECS FD (922031810) INTRM INVGRDAD Mutual Fund (as quoted by NASDAQ) 03/18/2011 9.99000 Mkt 9.990000 Total Value: Total Accrual: Total: 5921,056.38 78,722.44 15,986.62 57,923.37 S421,056.38 $0.00 Page 2 This report was produced with EstateVal, a product of Estate Valuations & Prising Systems, Inc. if you have questions, please contact EVP Systems at 1818) 313-6300 or www.evpsys.com. (Revision 7.1.'_; REVOCABLE TRUBT AGREEMENT THIS REVOCABLE AGREEMENT OF TRUST, executed in duplicate, this ,.S'am' day of September, 1995,'between MICHELINE RAMOND, of 1918~Esther Drive, Carlisle, Cumberland County, Pennsylvania, herein called the "Settlor", and DAUPHIN DEPOSIT BANK AND TRUST COMPANY, of the City of Harrisburg, Dauphin County, Pennsylvania, herein called the "Trustee", entered into in consideration of the mutual promises, covenants and undertakings//~herein contained, WITNESSETH: 11 I. TRUBT PROP ~tTY -~,~,_,_ The Settlor hereby assigns, tra~ f rs~- nd`delivers the property listed in the Schedules %''~tt ,.hed~'eto and made a part hereof, to have. and to ho1d~~Lc :property and any other property of any kind which t._~" nus ~ may, pursuant to any of the provisions hereof, at ~,`r~~time~l~`e~~ fter hold or acquire. II. TRU8T./ESTATE All such property s~co ~~ b ~ ted or designated and made payable or transferr d to tlf~ Trustee as herein provided shall be held by the Trustee, \N~TRUfZ~, to be known as the "Michelins \ ~/ Ramond xrust", for and upor~the following trusts, uses and purposes and shall be administered and disposed of in accordance with the terms and conditions hereinafter set forth. III. LIFETIME TRUBT During the lifetime of the Settlor, the Trustee shall pay so much of the net income from the Trust Estate in convenient installments and such part of the principal of the Trust Estate to the Settlor, or otherwise, as she may from time to time request in writing. If the Settlor is or becomes disabled by reason of age, illness or any other cause, the Trustee shall use so much of the net income and such part of the principal of the Trust Estate as the Trustee, in its sole discretion, shall deem necessary or advisable from time to time for the support, health and medical care, and maintenance in reasonable comfort of the ,/~ Settlor, taking into resources, including assistance benefits, sources known to the shall be accumulated Estate. consideration all other income and other entitlement to Federal and State public available to her for such purposes from all Trustee. Any income not so paid or expended and added to the principal of the Trust IV. REMAINDER TRIlBT Upon the death of the Settlor, and if the Settlor~s husband, MAURICE H. RAMOND, herein called the "Husband", shall survive the Settlor, the Trustee shall hold the Tru~t Estate as then constituted, IN FURTHER TRUST, the inc~me a'td principal of which shall be held, administered an _. di ~c5te. of as hereinafter provided: s~ . ~~ A. Commencing with th \c~~t~of the Settlor~s death, the Trust~±e shall pay so muc//~~E~th\e~;:.net income from the Trust Estate in convenient insta ! ~inents ~o\\t~e Husband, or otherwise, as he may from time to tim~eques 'in writing. Any income not ~~`:J so paid or expended s-1T be a~a~u}'-lated or added to the principal of the Tru ~~ Estat'~~. B. In addi~i~n, ~~e Trustee, shall be fully authorized and shall have the sole~d~scretion during his lifetime to pay to him or to expend for his benefit so much of the principal of the Trust Estate as the Trustee shall deem necessary or advisable from time to time for the support, health and medical care, and maintenance in reasonable comfort of the Husband, taking into consideration all other income and other resources, including entitlement to Federal and State public assistance benefits, available to him for such purposes from all sources known to the Trustee. ' C. Upon the death of the Husband, or upon the Settlor~s death if he shall not survive the Settlor, this Trust shall terminate and the then remaining principal and any accrued or undistributed income therefrom shall be paid over, conveyed and distributed, discharged of the trust, in equal shares to the Settlor~s sons, Pierre Michel Ramond and Francois Daniel Bernard Ramond, provided that the share of either son who shall not be then living shall be held, IN FURTHER TRUST, for his then living issue, per stirpes, and in default of any such then living issue, such share shall be added to the share for the Settlor~s other son and shall be held, administered and disposed of as herein provided. D. The shares, or portions of shares, for all issue of a deceased son of the Settlor shall vest in such issue as hereinbefore provided, but shall be retain by the Trustee who shall expend on the several beneficiaries, pr their support, health and medical care, education (i clud~~:l college education), ~~ ~~ and maintenance in reasonable com.`~t s.~ much pf the income and principal of their respective sh.. , ~ portions thereof, as the Trustee shall deem best, and shal~~.cumulate any income not so expended and add such incoj:~o th~:.pnbncipal of their respective shares, or portions thereof,, until ach such beneficiary, in turn, attains the age._~=f~-~twe~i y-4~-e (21) years, at which time the ~_ ;:: then remaining balan~e of th)~l principal and accumulated income of each such beneficiar s~ha~rl , or portion thereof, shall be paid over, transferred, conveyec~~ and distributed to him or to her, discharged of the trust. If such beneficiary dies before attaining the age of twenty-one (21) years, such share, or portion thereof, shall be distributed to his or her personal representative(s), discharged of the trust. E. If upon the happening of some event during the continuation of any of the trusts held hereunder, the Trustee shall hold some portion of the Trust Estate which is not effectively disposed of under the foregoing dispositive provisions, then the Trustee shall distribute all of such portion, discharged of the trust, to the then living heirs of the Settlor as then ascertained under the Intestate laws of Pennsylvania then in effect as though she had died at such time a resident of Pennsylvania owning such property. V. PRODISIONS RELATING TO TRUSTS The following provisions shall apply to this Trust: A. PAYMENTS TO DISABLED BENEFICIARY. In case the income or any discretionary payments of principal become payable to a minor, or to a person under legal disability or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability, is in the opinion of the Trustee unable properly to administer such amounts, then such amounts shall be paid out by the Trustee in such of}}the following ways as it shall deem best: ~l (1) Directly to such benef i~c~~iary; ~- ~_--_1 (2) To the legally a-ppgintecl~g.ardfan or trustee of such benef i.c'arv~, '~~ (3) To some relaty%~~g.~ friend for the support, health a~nd~m:~c~ id-~~~ care, education, and r ~: mainten _.•"ce r~ ~ ~onable comfort of such benefiq~~ry; o (4 ) B ,%t~ TrL.steel using such amounts directly 9~such b~~n~ficiary~s support, health and ~dical dare, education, and maintenance in ~~reaso'•,~ble comfort. B. SPENDTHRT~T;-P~~VISION. No beneficial interest hereunder, whether in income or principal, shall be subject to anticipation, assignment, pledge, sale or transfer in any manner, nor shall any beneficiary have .the power to anticipate, encumber or charge such interest, nor shall such interest, while in the possession of the Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary. C. COMMON FUND. For convenience of administration and investment, the Trustee is authorized to hold the several shares of this Trust as a common fund, dividing the income proportionately among them, tv assign undivided interests to the several shares and to make joint investments of the funds belonging to the Trustee. For such purposes and insofar as may be practicable, the Trustee may consolidate this Trust, or any separate share thereof, with any other trust or trusts created by the Settlor or any member of her family by will or agreement, and may hold, administer and invest the several trusts as one or more common fund or funds and make joint or several distributions of income and principal therefrom, whichever the Trustee shall deem advisable. VI. ADMINISTRATIVE.AND TAX PROVISIONS Upon the death of the Settlor, the Trustee shall have the power, but not the duty, to make such expenditures out of the Trust Estate as it, in its uncontrolled dis~retivn, may consider necessary or desirable in order to facilita`t`e the settlement of the Settlor's estate. In exercising~_~ucir--pgwer, the Trustee may pay, in whole or in part, any or//a~~l'-~~uests~~, >claims, taxes and expenses in connection with the s~~~le~t~nt of her estate, ~; including but not limited to ~tt%e~~p~~~\\ses of the Settlor~s last illness and burial, legallyf nfo ce bl\~~ debts, income taxes, and the death taxes on any or aII• prop ~,ty included in her gross estate for tax purpose~:`~ A~~sug items may be paid directly by the Trustee or the fuhds fo 'their payment may be transferred by the Trustee to the S~~~~lor'~~ersonal representative(s), and ~~--- neither such personal rdpresentative(s) nor any beneficiary of the 5ettlor's estate shall.be required to reimburse the Trustee for any funds so paid or transferred. VI T. TRUSTEE'S POWERS The Trustee shall have the following powers in addition to those vested in the Trustee by common law, by statute or by the other provisions hereof, all of which shall be exercised in a fiduciary capacity, primarily in the interests of the beneficiaries, applicable to all property, including property held for minors, whether principal or income, exercisable without court approval and effective until actual distribution of all property: A. To retain and to hold any securities or other property, real, personal or mixed, received from the Settlor or any person, including stock or other securities of the Trustee or an affiliate, without regard to any principle of diversification or risk. B. To invest and reinvest in all forms of property, including stock or other securities of the Trustee or an affiliate, and stocks, bonds, funds and other securities whether operated or maintained by the Trustee, an affiliate or others, without restriction to investments authorized for Pennsylvania Fiduciaries, as the Trustee shall deem proper, without regard to any principle of diversification or ris~~+ C. To sell at public or pri ate sale, to exchange, ~- _-_ ..!` to partition, or to lease for any per,~od~`nf-- time any real or ~. i -- ~ personal property, and to give o~t~3ycfn~ for sabe's, exchanges or leases for such prices and upon suchterms or conditions as the Trustee shall deem proper. /~- ~' ~~ ~ L ~ \~~ D. To hold property ink a ~rlame of the Trust Estate, or in the name of the Trus~+`~ with~~t designation of any fiduciary capacity, o~in~ttie~na~m ~~of a nominee or unregistered . E. To pay(; t of ~ y funds belonging to the Trust Estate all ordinary a\~:d~nec ~'sary expenses incurred in connection with the conduct, operat~fon'and administration of this Trust; to pay all taxes, insurance premiums, other legal assessments, debts, claims or charges which at any time may be due and owing by, or which may exist against, the Trust Estate; and to allocate receipts and expenses to principal or income, or partly to each, as the Trustee from time to time, in its sole discretion, shall think proper, except that: (1) premiums paid on the purchase of bonds or other obligations for the payment of money shall be amortized out of income; (2) capital gains and losses shall be allocated to principal; and (3) current expenses shall be paid out of income. F. To vote in person or by proxy all securities belonging to the Trust Estate, and to become a party to any stockholders agreements deemed advisable by the Trustee in connection with such securities. G. To borrow money from any person or institution, including the Trustee or an affiliate, for any purpose of this Trust, or incidental to the administration thereof, upon the bond or promissory note of the Trustee, and to secure the repayment thereof by~mortgaging, creating a security interest in, pledging or otherwise encumbering any part or all of the Trust Estate without regard to the diapositive provisions of this Trust Agreement; and~with respect to the purchas of any property and as part of the consideration given therefor,; to assume a ~----_ _ _ liability of the transferor or to acquire---su ~h property subject to a liability. / "-~~ \~' H. To make any division~,or distributions of the Trust ~~/ Estate required hereunder, wh/oaly..,or, n part, in kind or in cash, and to make non-prorata dis-.. Y~ibut ~~n~of assets in kind. I. To exercise a~-y elec -J'~on or privilege given by the Federal tax and other%~ax~la~-s; ~ eluding without limiting the foregoing, the joind ~~with t~ e Husband in filing income tax returns, the electiori~o~f thfe~ ~lternate valuation for Federal Estate tax purposes and'~-t'he election to claim items of deduction for estate tax or for income tax purposes, and to make or not to make equitable adjustments or apportionments for the exercise or nonexercise of any such election or privilege. J. Only after the death of the Settlor and the Husband and should the principal of this Trust be or become too small so as to make establishment or continuance thereof inadvisable, the Trustee, in its sole discretion, may make immediate distribution of the then remaining balance of the principal and accumulated income of any beneficiary's share to the legally appointed trustee of such beneficiary under Article V(A)(2) hereof, or may appoint and pay such share to a custodian for such beneficiary under the Uniform Gifts to Minors Act of any state, without further obligation or responsibility for such distribution so paid. Upon such termination, the rights of all persons who might otherwise have a successive interest therein shall cease. K. To compromise, settle, arbitrate or defend any claim or demand in favor of or against the Trust Estate; to enforce any bonds, mortgages, security agreements or other obligations or liens held hereunder; and to enter into such contracts and agreements and to make such compromises or settlements of debts, claims or controversies as the Trustee shall deem necessary or advisable. VIII. ADDITIONAL PROPER Y The Settlor or any person shall have the right at any time -_,--~ 1 and from time to time, with the con ~t-_~~-~t\\e Trustee, to assign, transfer and deliver any ~~t~er~~ roper~~y of any kind to the Trustee, and such other prope~ta, sl~ll be held, administered ~~~ ~ . and disposed of by the Trustee. _.n~., ac~rdance with the terms and ~. provisions of this Trust Ag.(~emen~ i hout the execution of any further instrument or decla1r:ation.~ IX:-~ ACCOUNT-IN~~ BY TRUBTEE ~~ ,. _.. The Trustee sha~~ rende ,to the Settlor during her lifetime and to each income b~nefic ~~ ~ quarter-annually, or at such other ~ ~__. intervals as the Settlor;--each income beneficiary and the Trustee may from time to time agree, statements of account showing in detail receipts, disbursements and distributions of both principal and income from the Trust Estate, and all investment transactions. The written approval of an income beneficiary shall be final, binding and conclusive upon all persons then or thereafter interested in this Trust for such beneficiary. While any income beneficiary is a minor or an incompetent, such beneficiary~s parent, legally appointed guardian or trustee, other than the Trustee hereunder, or guardian'of the person of such beneficiary for whose estate no guardian or trustee has been appointed shall receive such statements of account, and may otherwise act for and on behalf of such beneficiary with respect to this Trust. The Trustee shall be protected in relying upon all such actions taken for and on behalf of such beneficiary. X. COMPENSATION OF TRUSTEE The Trustee shall receive compensation for the performance of its services hereunder in accordance with its standard schedule of fees in effect from time to time during the period over which its services are performed. The Trustee shall also be reimbursed for all necessary and reasonable expenses incurred in the management and protection of the Trust Estate. There shall be no further compensation due the Trusteer~t the termination of this Trust. 1 XI. RESIGNATION OF AND SUCCE8~80~R..TRUSTEE The Trustee may resign at an/y/t~'im J upon ~w;r'itten notice given to the Settlor, and after her de~`h.~u/p'qn written notice give to the then current income bane e-a•i`~ hereunder. A successor trustee ma be a ~~ \\ y ppainted by `~he15~t1 1\ during her lifetime or, if she shall be incapable o.f making: such appointment or after her death, a successor corpor~t\\ank-ing trustee may be appointed by ~\....-..- J the Husband, and aft ~ his death by any court having jurisdiction over this Trust. No suacess~~~ trustee thus appointed shall be ~~--. liable or responsible in~-and way for the acts or defaults of any predecessor trustee or for any loss or expense caused by anything done or neglected to be done by any predecessor trustee, but such successor trustee shall be liable only for its own acts and defaults with respect to the Trust Estate actually received by it as successor trustee. Any successor trustee thus appointed, or if the Trustee shall merge with or be consolidated with another corporate fiduciary, such corporate fiduciary shall succeed to all of the duties and to all of the powers, including discretionary powers, herein granted to the Trustee. The appointment of a successor trustee may be evidenced by a duly acknowledged instrument delivered to the Settlor, if living, to the then current income beneficiaries and to the person or institution, if any, then acting as Trustee hereunder, without the necessity of any other conveyance or transfer. XII. BOND The Trustee shall not be required to give bond or other security. for the faithful performance of its duties in this or any other jurisdiction. XIII. POWER OF AMENDMENT AND REVOCATION The Settlor shall have the right at any time and from time to time during her lifetime by instrument in writing delivered to the Trustee to alter, amend or revoke this ~Tlrust Agreement, either in whole or in part; provided, howeve~, that if altered or /`__ . ~_ 1 amended, the duties, powers ~ and res~~si}Ii].-~,ies of the Trustee shall not be substantially change !wit out itsi'consent. In case of revocation the Trust Estate ~~ ~~ t~-t part thereof as to which this Agreement may be r.-ev-o_ ke` ,hall be redelivered by ~~ ~ ~' the Trustee to the Settlor(o~f in ~~•or~ance with her written directions. \~, ~~ XIV. ~;~ SITUB`~~ND-POWER TO CHANGE The Situs of th Trust E tate for administrative and accounting purposes ~h 11 be~~~umberland County, Pennsylvania, and all questions conce`rn~rig the validity, construction and administration of this Trust Agreement shall be determined under the laws of the Commonwealth of Pennsylvania. After the Settlor's death, the Husband may change the situs of the Trust Estate from the county and/or state in which it is then being administered to a new county and/or state. Such action shall be accomplished by a writing signed by the Husband which shall be delivered to the Trustee and filed with the court then having jurisdiction over the Trust Estate. IN WITNESS WHEREOF, the Settlor has hereunto set her hand and seal, and the Trustee has caused this Trust Agreement to be a executed by its duly authorized officers and its corporate seal to be hereunto affixed, the day and year first above written. ~ Gy~d~~` [SEAL] cheline Ramond ATTEST: 0 7-~SroFF=~~ DAUPHIN DEPOSIT BANK AND TRUST COMPANY By: ,__._ _ _- _.ti t -~~ ~,. ,. , , , ~..~~ ~ ~ ~ ; . , ~~~ . ~_ __ .- , , ~_.._ ~ ~~ ~~ : ~~ BCHEDULE OF PROPERTY The 5ettlor hereby assigns, transfers and delivers the following property to the Trustee, which property shall be held by the Trustee for the purposes set forth in the foregoing Trust Agreement of which this Schedule is attached and made a part: ,__ __,' --- ~ ,_- _ ~, ~. ,`~;- .~, ~ )~ ~~~~, ,.-- - ~~. ,, -- ~ •~ / \ (1 1~ .~: ~. STATE OF PENNSYLVANIA ss. COUNTY OF CUMBERLAND On this, the ,?`-- day of September, 1995, before me, the undersigned officer, personally appeared MICHELINE RAMOND, as Settlor, known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing Trust Agreement, and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF., . ~I; hereunto set,. my (hand and official seal. ~i' ..... ~.. ., _ l_ .:_ ~_t~\\~ ` `• \/j Notary ,YL{Al1C , NOIARIAI SEAL '' l\ J` BONNIE t. COYl.E, MOTAl1Y PUlIIC `' _ ,~ <~ ~~ . ,,• .~ . , Of tAi HOLLY SPRINSS, gJMBERiMO CO. ~ ' .~ ~ ~ ~:,. MY CONIWISSION EXPIRES OCTOBER 17. 1808 / ~ ~\ . ~,` ' i' % 1 ~/J .__.i i STATE OF PENNSYLVANI \ .. .. , •' ~J.. • ... 58.. COUNTY OF CUMBERLAND ' _ ~:' ~ . On this, the day of September, 1995, before me, the undersigned officer, personally appeared THOMAS w. WALKER, who acknowledged himself to be a Senior Vice President of DAUPHIN DEPOSIT BANK AND TRUST, COMPANY, and that he as such Senior Vice President, being authorized to do so, executed the foregoing Trust Agreement for the purposes therein contained by signing the name of the corporation by himself as Senior Vice President. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~ , ,~ ".. , r ~' ~ .(~ ' ~: . ~~, o ary Public - ' . ~~ ~" ~~ ' +' r ,_ ~-~"^ NOTOWEN, No ary Public - ~' TAMMY .• Carlisle. Cumberland oo ~~ .f9~7 ..y' ~ I,,~`~~ M Commission Er,~;*g~: 0 ... _ , .,,,<<,.~