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HomeMy WebLinkAbout11-22-111505611188 REV-1500 Exi02-„>(FI) ~y~ OFFICIAL USE ONLY PA Department of Revenue 0°"'^""i°""""°` County Code Year File Number Bureau of IndividualTaxsa INHERITANCE TAX RETURN PO BOX 280801 Harrlaburp, PA 17128-0801 RESIDENT DECEDENT 21 11 0 8 5 5 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYW Date of Birth MMDDYYYY 141 16 3446 06 26 2011 04 21 1921 Decedent's Last Name Poole Suffix Decedent's Flrst Name Anne (If Appllptble) Enter Surviving Spouse's Intonnatlon Below Spouse's Last Name Suffix Spouse's Frst Name MI W MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ti 1. Original Return O 2. Supplemernal Return O 3. Remainder Return (Date of Death Prior to 12-13-82) O 4. Limited Estate l~ 4a Future Interest Compromise (date of O 5. Federal Estate Tax Return Required death after 12-12-82) ti• 8. Decedent Died Testate O 7. Decedent Maintained a Living Tnlst 8. Total Number of Safe Deposit Boxes (Attach Copy of Wilq (Attach Copy of Trust) O 9. Litigation Proceeds Received O 10. Spousal Poverty Credft (Date of Death O 11. !]action to Tax under Sec. 9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT - This sectlon must be completed. All Corrospondent~ and CorMdentlal Tax Infonnstlon Should be Directed to: Name Daytime Telephone Number Elyse E- Rogers, Esquire 717 612 5801 Frst Line of Address Saidis, Sullivan 8 Rogers Second Line of Address 635 North 12th Street, Suite 400 qty or Post Office State ZIP Code Lemoyne PA 17043 C~ X3 ~:: -x~'i ~~ I~ ...: '~ c..-. Corrospondenrs a-mail sddress: eroc>!ersCcD_ssr-attomeys.COm Under penalties of perjury, I declare tbat I have examined tbia return, Including accompanying se bsdulae and statements, and to the beat of my knewledpe and belief, it is true, corne~Q complete. Deolaration of the preparor other than personal representative is based on all information of which pnpanr bas any kndwledpe. PA 1 17043 S PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505611188 REGISTER OF WILLS USE C~i{~Y Q7 ~ ;-n 2 r'. O r ~~~ ~ c Cis ~ O tv { ~ C] rr OC ° 'D l l / /a-/ / 1505611188 J 1505611288 Rev-1500 EX (Fl) Decedern's Social Security Number Decedern's Name: Anne W P o 01 a 141 16 3 4 4 6 RECAPITULATION 1. Real Estate (Schedule A) ......................................... 1. 14 $ , 0 0 0.O 0 2. Stocks and Bonds (Schedule B) .................................... 2. 4 8 , 2 8 3.9 3 3. gosely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ...... 3. O • O O 4. Mortgages and Notes Receivable (Schedule D) ......................... 4. D • O O 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) ....... 5. 1 b 4 , 3 2 9.2 D B. Jointly Owned Property (Schedule F) O Separate Billing Requested ...... 6. O • O D 7. Inter-~vos Transfers & Miscellaneous Non-Probate Property 5 6 8 4 3 • 21 (schedule G) O separate Billing Requested ...... 7. , 8. Total Gross Assets (total Lines 1 through 7) ............................ 8. 414 , 4 5 6.3 4 9. ............ Funeral Expenses and Administrative Costs (Schedule H) ..... . 9. 9,110.50 10. Debts of Decedern, Mortgage Liabilities, and Liens (Schedule I) ..... • ....... 10. 1, 4 3 0.3 3 11. Total Deductions (total Lines 9 and 10) .............................. 11. 1 O , 5 4 0.8 3 ,2. 13. 14. Net Value of Estate (Line 8 minus Line 11) ............................. Charitable and Govemmernal Bequests/Sec 9113 Trt~sts for which an election to tax has not been made (Schedule J) ....... • . • ............. Net Value Subject to Tax (Line 12 minus Line 13) ....................... 12. 13. 14. D • O O 4 O 3 , 91 S • 51 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9118 cax,.2)X.oo D•DD ,5. o•oo 16. Amount of Line 14 taxable at lineal .rate X .045 4 0 3 , 915.51 1 s. 18 ,17 6.2 0 17. Amount of Line 14 taxable O.O O O.O O at sibling rate X .12 17. 18. Amount of Line 14 taxable 0.0 0 0 0 0 • at Collateral rate X .15 1 g . 1 8 ,1 7 6.2 0 19. TAX DUE .................................................... 19. 4 0 3 , 915 • 51 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT p Side 2 L 1505611288 1505611288 J Rev-1500 EX (FI) Page 3 Decedent's Complete Address: Flle Number 21 11 0855 D Anne W. Poole STREET ADDRESS 1512 Sim son Fer Road CITY New Cumberland STATE PA ZIP 17070 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Prior Payments 14,700.00 B. Discount 773.68 Total Credits (A + B) 3. I rrterest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Pape 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than line 2, enter the difference. This is the TAX DUE. (1> 18.176.20 (2) 15.473.68 (3) 0.00 (4) (5) 2,702.52 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 fJo 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 ............................ ..................... ^ d. receive the promise for I'rfe of eRher payments, benefits or care? • • • • • • • • • • • • • • . • • • • • • • • • • • • ^ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................... ^ 3. Did decedent own an'1n trust for" orpayable-upon-death bank account or security at his or her death? .. ^ 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? ............................................. ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 peroent [72 P.S. Sect. 9118(a)(1.1xi)]. 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 peroeM [72 P.S. Sect. 9116(ax1.1}(ii)]. The statue 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 Juty 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 peroent [72 P.S. Sect. 9118(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. Sect. 9118(ax1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 peroent [72 P.S. Sect. 9118(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at feast one parent in common with the decedent, whether by blood or adoption. REV -1b02 EX+(01-10) .pennsylvana SCHEDULE A OEPAHTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Anne W. Poole 21 11 0855 All real property owned solely or as a tenant in common must bs reported affair market value. Fair marketvalue 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. If more space is needed, insert additional sheets of the same size. REV -1503 EX+ (6-88) COMMONWEALTH OF PENNSYLVANIA IN H E RITAN C E TAX R ETU RN RESIDENTDECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER Anne W. Poole 21 11 0855 (If more space is needed, insert additional sheets of the same size) REV-1508 EX+(11-10) Pennsylvania SCHEDULE E 65PAR'-MENT OP PEY~TIU6 CASH, BANK DEPOSITS, & MISC. INHERITANCETAxRETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: Anne W. Poole 21 11 0855 Include the proceeds of litigation and the dale the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Fulton Bank Checking Account 3619-67129 8,528.57 Per 08/19/11 letter 2 Fulton Bank Checking Account 3632-28747 39,871.23 Per 08/19/11 letter 3 Fulton Bank Savings Account 0691-41270 400.00 Per 08/19/11 letter Interest on above item accrued as of decedent's death 0.06 4 Fulton Bank Money Market Account 9932-31248 7,050.52 Per 08/19/11 letter Interest on above item accrued as of decedent's death 0.42 5 Fulton Bank CD Account 052-0182659 26,008.00 Matures 0.1/07/12 Per 8/19/11 letter Interest on above item accrued as of decedent's death 21.39 6 Fulton Bank CD Account 052-0224802 15,904.91 Matures 10/20/11 Per 08/19/11 letter Interest on above item accrued as of decedent's death 36.91 7 Fulton Bank CD Account 052-0275975 15,972.39 Matures 07/20/11 Per 08/19/11 letter Interest on above item accrued as of decedent's death 65.96 8 Fulton Bank CD Account 052-0259663 28,326.26 Matures 9/28/11 Per 08/19!11 letter Interest on above item accrued as of decedent's death 166.63 9 Fulton Bank CD Account 052-0275969 17,833.61 Matures 2/12/12 Total from continuation Schedule(s) 4,142.34 TOTAL (Also enter on line 5, Recapitulation) 164,329.20 If more space is needed, insert addftional sheets of the same. size Page 2 Estate of: Anne W. Poole 21 11 0855 Schedule E -Cash, Bank Deposits, and Misc. Personal Property Item Value at Date Number Description of Death 9 Per 08/19/11 letter Interest on above item accrued as of decedent's death 99.66 10 Misc. Household Items 850.00 Per appraisal 11 Vehicle (1994) 2,000.00 Sale price 12 Comcast Refund 47.39 13 PA Treasury Dept, Annuity Payment 946.64 14 PA State Employees Retirement System, final payment 198.65 TOTAL. (Carry forward to main schedule) ...... 4,142.34 REV -1510 EX+ (OB-09) Pennsylvania DEPANTMENT Of REVENUE INHERITANCE TAX RETURN RESIDENTDECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Anne W. Poole 21 11 0855 This schedule moat be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1600 is yes. ITEM NUM DESCRIPTION OF PROPERTY INCLUDE NAME OFTRANSFEREE, RELATIONSHIPTO DECEDENT6 DATE OF TRANSFER. ATTACH COPYOF DEED FOR REAL ESTATE DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST IXCLUSION (IF APPLICABLE TAXABLE VALUE 1 Union Central Annuity Policy A61320182C 56,843.21 100 56,843.21 Beneficiaries: Decedent's children, James E. ' Poole, Suzanne P. Allen, Russell F. Poole TOTAL (Also enter on Line 7, Recapitulation) I 56,843.21 If more space is needed, use additional sheets of paper of the same size. REV-1b11 EX+(10-09) peinnsylvania __. 6EPARTIMENT Of REVENUE INH ERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Anne W. Poole 21 11 0855 -__. Decedent's debts must be reported on Schedule L ~~ A FUNERAL f7CPENSF~: 1 Parthemore Funeral Home, services 2 Rolling Green Cemetery B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees 3. Family 6cemption: (If decedent's address is not the same as claimant's, attach explanation.) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees: 5. Accountant Fees: 6. Tax Return Preparer Fees: See schedule attached TOTAL (Also enter on Line 9, Recapitulation) If more space is needed, use additional sheets of paper of the same size. 324.97 945.00 4,300.00 365.50 3,175.03 9,110.50 Estate of: Anne W. Poole Schedule H, Part B -Administrative Costs Miscellaneous Expenses Page 2 21 11 0855 Item Number Description Amount 7 The Sentinel, legal advertising 168.30 8 Cumberland Law Journal, legal advertising 75.00 9 PAWC 25.55 10 PPL ($65.99 - $16.94 refund) 49.05 11 Verizon 7.57 12 AT&T 34.11 13 Central Penn Appraisal 350.00 14 Erie Insurance ($356 - $36 refund) 320.00 15 PP&L 65.99 16 American Water 24.79 17 Sewer & trash 97.55 18 Real estate tax .1,362.09 19 Freysinger Buick, car parts 33.99 20 Freysinger Buick, car parts 14.33 21 Gross Repairs 93.28 22 Michael Cease, appraisal of household items 75.00 23 American Water 23.97 24 PP8~L 41.34 25 PA American Water 28.90 26 PPL 59.22 27 Saidis, Sullivan 8 Rogers, postage, photocopies, title search, recording 225.00 fees TOTAL. (Carry forward to main schedule) ...... 3,175.03 REV-1512 EX+(12-08) pennsytvana DEPARTMENT Of REVENUE INHERITANCETAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS ESTATE OF FILE NUMBER Anne W. Poole 21 11 0855 Report debts Incurred by decedent prior bo death that remained unpaid at the dabs of death, Including unreimbursed medlgl expenses. If more space is needed, insert additional sheets of the same size. REV -1513 EXi (01-10) Pennsylvania SCHEDULE J DEPARTMENT OP REVENUE INHERITANCETAX RETURN BENEFICIARIES RESIDENTDECEDENT ESTATE OF: FILE NUMBER: Anne W. Poole 21 11 0855 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBE NAME AND ADDRESS OF PERSO S RECEIVING PROPERTY DO Not LJSt Tru s OF ESTATE s TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and transfers under Sec. 9111i(a)(1.2).] James E. Poole Son 134,638.50 209 Aylsworth Street Grove City, PA 16127 Suzanne P. Allen Daughter 134,638.51 216 School Lane Mount Joy, PA 17552 Russell F. Poole Son 134,638.50 368 Old Stage Road Lewisberry , PA 17339 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15THROUG H 180E REV-1500 COVER SH EET, AS APPROPRIATE. I= NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. If more space is needed, use additional sheets of paper of the same size. SUMMARY OF SALIENT FEATURES Srthjecl Address 1512 SIMPSON FERRY ROAD Legal Description DEED BOOK 0014D PAGE 00403 Cfty NEW CUMBERLAND County CUMBERLAND Siate PA Zip Code 17070 Census Tract 0107.00 Map Reference METRO 2848 G-4 Sale Price $ N/A Dale of Sale N/A Borrower/CfeM NIA Lender PRIVATE Sae (Square Feet) 1,118 Price per Square front $ Location AVERAGE Aga 62 YEARS Coition AVERAGE Total Rooms 5 Bedrooms 3 Baths 1 Appraiser Robert K. Banzhoff Dale of Appraised Value 07/05/2011 Opinion of Vahre $ 145,000 Fwm SSD3 - °WinTOTAL" appraisal sollvrare by a la mode, inc. -1-800-ALAMODE Central Penn Appraisals, Inc.1117) 737-4600 Uniform Residential Appraisal Report Fle# SIMPSONFERRY1512 The se of this summa a raial rt is to vide the lender/clad with an acraaate, and s rted, irwon of the market vaire of the sub' t Pro at Address 1512 SIMPSON FERRY ROAD C' NEW CUMBERLAND State PA Code 17070 Borrower N/A Owner of Public Record POOLE RUSSELL P/ANNE W C CUMBERLAND L al Des ' tbn DEED BOOK 0014D PAGE 00403 Assessor's Parcel # 26-24-0809-278 Tax Year 2011 R.E. Taxes; 2 539 Nei hborhood Name NEW CUMB BLAND BOROUGH Ma Refararce METRO 2848 G-4 Census Trail 0107.00 Oc aril Owner Terenl Vacant 5 eclat Assessmerds i N/A PUD HOA; NIA ar nranBr " Pro art Ri raised Fee S' b Leaselrold Other describe Asst T Prachase Trareactiar ltelirence Transaction Other desrribe This a sisal iafor rivate use and not mo a e es. Lendar/Cianl PRIVATE Address is the sub' t ro curve offered Ion sale or Eras it bean oilered for sale fn th lweNe rrardhs ' r to Bre effective date of Bas a raial? Yes No R orl data sorrce s used oliari rice s and dates . MLS I ^ did ^ did not analyze Bce conbact for sale for the subject purchase transaction. Explain Bre resoles of the anatysis of the cordracl for sale or why the analysis was not ormed. N/A ' Contract Price; NIA Date at Condraci NIA Is the ro sekr the owner of ublc record? Yes No Data Souses TXCRD/CNTRCT Is there arty ibarreial assistance (ban charges, sale concessions, gift ar dowrpaymwd assistance, etc.) to be paid by arty party on behalf of the bonovverl ^ Yes ^ No N Yes, r Bre total ddlar amourd aril describe Ore item to be aid. N/A NIA Note: Roca and the racial coin elUon of the n hborhood are not a noel fantore. _ .. , N hlibih~fitl5` ~~ ... $titv3'' r.~,;, ....:F1 TfB .. wF~ . ~.'+~ _~ ` . ;"' _ , . UiA. ~-; Locatwrr Urban Srwurban Aural Noires ircr Stable Dec PRICE Aft One-FMN 85 % Boil-U Over 75% 25.75% Under 25% Denrard/ Stp b Balance Over i 2-4 Uric 5 % ;Growth R id Stable Sbw MarireO Time Under 3 mihs 3.6 mtlrs Over 6 ndlrs 80 Low 10 fdrrNi-f 0 % N ' Boundaries The home is boated between Bdd a Street and Route 83 between Route 581 350 h 100+ Conerterdd 5 % „ and 7th Street in New Cumberland Borou h 175 Prod. 50 lltlrx 5 % I~orlreod Descd ibn This suburban town has relative eas access to em to ant and services and is coin Wive with ot her rre b the eneral area. Most have similar amenities. Markw Cond'dions rncidin su for the above conciusiorrs The market is stNl reletivel ood in thLs area wNh hover then eve a rsrem b eM rates and cordinu' low intrest rates. Wmensiors SEE PLOT PLAN Area .48 ACRES Sha a RECTANGULAR Yrew AVEf2A S eciBc Zo ' ClassNba6on R1 SUBURBAN RESIDENIIA Desc SINGLE FAMILY RESIDENTIAL Zoni lance L I L al Noncordormi Grandlatlrered Use No Zo ' al describe IS Ure 'hest and best use of sub' as i d or as Deed lens aril Nirations Bre use? Yes No N No describe WBilisa PuMk Other (deacrme) PuWfc Other (deacrNre) OH-eNe - T Prbk Pdvab Electric Water Strad ASPHALT Gas NONE Sanila Sewer ANe NONE FEMA ial Food Hazard Area Yes No FEMA Food Zone X FEMA M # 42041 C0282E FEMA ~ 3118/2009 Are Bra ubTdies and oft-sfte im rovemenls bat to the market arw? Yes No N No describe Are Breve adverse site wnditbns or exlemai factors easertrerds, encroaclarrems, environmarrtal condNions, land uses dc. ? Yes No N Yes describe ,, . General lion g ; FdU~idfl `~, ;-: P.kEiiWrtli~ ~ ; '', lmNs floe One with Accesso Unit Concrete Slab Crawl S ce FoundaBon Wall CONBLKJAVE Boors WDICAFtPNM1lAV # of Stodes 1 fvl Basenrent PaNai Basemad Exterior WaNs STONE/AV Wale eOf't AVE T e Del. AB. S-DetlEnd Unh ExisB Pro Deed Under Carrst. Desi n S b RANCH Year Bril 1949 EBeclive A rs 25 Atlic None BasemerdArea 1 118 s .R. Basemard Elvish 0 % Outside Cif /Exll Sum Eviderrce of Intestadon D s SeNlemeM fleaB FWA HVyBB Radiard Root Sudace SHINGLE/AVE TdrdFdah WOODJAVE Gutters 8 Dow Dols AL MI AVE Bath Row A endow T DBL HUNG/AVE Batlr Wabscd CEFtAAAIC/AVE Storm SasMrreulated INSULATED/AVE Car SI None Screens YES/AVE # d Cart- 1 AmenBies Woodstove s # Ddrew Solace ONCR TE Dro Stair Stairs Fbor ScuBle Other Fuel OIL' Cool Cerdral Air Condi' R hoc s # Fence Cure # w Gars 1 PaOo/Deck Pesch C # w Cars flrished Healed idividual Ofhar Pool OBrer ALL DM. Boil-ir noes Ref ' arator an Dishwesfrer Dis al Microwave Washar OBrer ascribe Finished area above rode cordairrs: 5 Reoms 3 Bedrooms 1 Baths 1 118 S care feel of Gross Area Above Cnade AddilionalteabaeS s eclat eliiciantitems etc.. REPLACEMENT WINDOWS Describe the condition of the o rncidin needed re irs deterioratbn renovatbrrs remod etc.. THE HOME IS SOMEWHAT DATED iN AVERAGE CONDITION. Are there a sisal deficiencies or adverse rAndiBons that aBect the ivaMlt soundrrets, or sfnalraal int al the ro ? Yes No N Yes describe Goes the erreral conform to Bre ' hborho~ urxlbnal " , s b, condition, use cansWclion, etc. ? Yes No N No describe Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1 W4 March 2005 Form 1004 - "WinTOTAL" appraisal software by a b mode, inc. -1-800-ALAMODE Uniform Residential Appraisal Report FYe# SIMPSONFERRY1512 There are 8 c ble r curraa olfered for sale in the sub'ecl ' hbodpod ra in ice from S 115 000 to i 175 000 Thane are 3 co rabk sales ~ the s ' hborirocd wONn Ore l twelve mortllrs ra in sale ice iraoE 139 900 to i 167 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE ~ 2 COMPARABLE SALE # 3 Address 1512 SIMPSON FERRY ROAD NEW CUMBERLAND PA 17070 1508 SIMPSON FERRY ROAD NEW CUMBERLAND PA 17070 901 16TH STREET NEW CUMBERLAND PA 17070 518 8TH STREET NEW CUMBERLAND PA 17070 Proxini to Sub'ect -~ Less than 0.01 miles 0.13 miles N O.6d miles E Sale Pdce N/ S E 160 000 '' E 139.900 ` S 167 000 Sale Pdce/Gross Liv. Arre S s .II. E 110.34 s .fl. E 134.52 S .fi. E 121.01 .N. Data Solr s ~ ASMT RECORD S/MLS/AGENTI ASMT RECORDS/MLS/AGENT/ ASMT RECORD S/MLS/AGENT/ Vaification Sourc s , _ SETTLEMENT DEPT. SETTLEME T D PT: SE NT PT. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +-;Ad DESCRIPTION +- EAd' biletll DESCRIPTION +- SAd' UreM Sales or Financing Concessions I CONVENTIONL NONE KNOW FHA SLRHLP 097 CONVENTIONL SLRHLP 000 Dale of Sale/fime ;: 11/24/10-655 6/13/11-9DOM 9/7/10-103DM LocaOon AVERAGE AVERAGE AVERAGE AVERAGE leasehold/Fee Sim Ie fee Sim le Fee Sim Ie Fee Sim le Fee Skn Site .48 ACRES .31 ACRES .18 ACRES +1 500 .21 ACRES +1 400 View AVERAGE AVERAGE AVERAGE AVERAGE Deli n 5 h RANCH 1.5 STORY RANCH RANCH OuaW d ConsWction AVERAGE AVERAGE AVERAGE AVERA Actual A e 62 YEARS 53 YEARS 57 YEARS 53 YEARS CondiOon AVERAGE AVERAGE AVERAGE BTR AV RAG -10000 Above Grade Tsar adore. B#Irs Tara) B#ms. Babrs Trial 8dnra. BaOa Tal# Bdmrs. Ballts Room Court 5 3 1 6 3 2 -3 000 5 3 1 6 2 4 Gross Livi Area 1 118 S .ft 1 450 S .it. -5 D00 1040 5 .It. 1 380 .1L -3 900 Basemen 8 Rrrished Rooms Bebw Grade FULL BMST UNFINISHED FULL BMST UNFINISHED. FULL BMST REC RMA3ATH -3 000 FULL BMST fiECIDENIPR -4 000 FuIlcOorel UO' AVERAGE AVERAGE AVERAGE AVE . Heat oN FAICA FA/CA FAICA HPJCA EHicierd Ness TYP FOR ARE TYP FOR ARF~4 TYP FOR AREA TYP F R a 1 CAR GARA 1 CAR GARA 1 CAR GARA 1 CAR GARA PorclVPatio/Deck BREEZEWAY PATIO +1 000 PCH/SUN RM -2 500 PORCH 1 FIREPLACE NONE +3 500 NONE +3 500 2 F EPLACES -3 500 NONE NONE NONE NONE NONE NONE NONE NONE Net Ad'uslmtad oW + - E -3 500 + - E -500 + - E -20 000 Adjusted Sale Price of Co ab~ : Net Adj. 2.2 % Gross Ad'. 7.8 % S 156 500 Net Adj. 0.4 % Gross Ad'. 7S % S 139 400 NM Adj. 12.0 % Gross Ad'. 13.7 % E 147 OOD - 1 did did not research the sale or bander hi of the sub'ecl and com rab le sales. O rrol in research did did not reveal dor sales or transfers o(ihe sub act for the uxee 'or to the eHecbve date of tlds sisal. Data Souse s LOCAL TAX ASSESSMENT RECORDS research did did not reveal dor sales or transfers of the co arable sales for Ole ar vier to Oe date of sak of the c le sale. D~a Sources LOCAL TAX ASSESSMENT RECORDS R od Ole reslAs of the research arrd is of Ore sale or bander hilt of Oa sub' o and co arable sales additional sales en 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COfr~ARABLE SALE #3 Date of Prior Sale/fransler NO PRIOR SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED N OTH ISTED Price of Prior SaleJTrareler tN THE PAST 3 YEARS IN THE PAST YFJ1R IN THE PAST YEAR IN THE'PA3T YEAR Data Souse s COUNTY RECORDS COUNTY RECORDS COUNTY RECOR S U EHecOve Dale of Data Sources 7/6/11 7/6/11 7/611 ~ 7/6!11 Are sis of sale or bansfer hislo of Ole sltb'ecl ed and w arable sales There were no unusual characteristics observed in the br sales Iris of the sub'ect ro art or com arable sales. S of Sales Co orison ash All three sales are considered to be reliable indicators of value a are vve sim kr reconcNiation. Com erables sales used are aN closed sales. All ttxee com cable sales are located kr the same market area es the act o and would be considered b the same ers active urchaserd aN were on the market at the same time the act. In to com rabies sales N was necessa to use less recent sales. Ilaiicated Value b Sales Com orison roach E 145 000 Indicated Value b :Sales Com arieon A roach E 145 DDD Cosi A roach If develo S N/A Income roach ifl dove E N/A - This appraisal is made ®"as is", ^ subject to comple0on per plans and speciticaOora on the basis of a trypotlreOcal wndflion that Ore irr~rovemmds have been carr~t¢d, ^ subject to Ore fobvring repairs a akeretions on the basis of a hypolhetiral condil'ron ttat the repairs a aperaOore have been conpkted, or ^ subject to the to re Bred ins action based on Ole extraordire assum tion Oat the condigon or delici does not r wire aNeraOon or air: " Based on a rnlmplete visual inspection of the interior and exiedor areas of the subject property, defined scope of work, aletemerd of easumplbns alld fimfiing condfibns, and appraiser's ce Hon, my (our) opinion of the market value, as defined, of the real properly that is the subject of this report is E 145000 as of 07/05/2011 which is the date of ins Ion and the BHecHve dale of thk s Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Farm 1004 March 2005 Form 1004 - "VdnTOTAL' appraisal sotlware by a q mode, inc. -1-BDO-ALAMODE Uniform Residential AonraiSal Report CIbN RIMPRnNFFRRV1F17 AMENDMENT TO SCOPE OF WORK: THE INTENDED USER OF THIS APPRAISAL REPORT IS THE LENDER/CLIENT. THE INTENDED USE IS TO EVALUATE THE PROPERTY THAT IS THE SUBJECT OF THIS APPRAISAL F A MORTGAGE FINANCE TRANSACTION 3UBJECT TO THE STATED SCOPE OF W ORK PURPOSE OF THE APPRAISAL REPORTING REQUIREMENTS OF THIS APPRAISAL REPORT FORM AND THE DEFINffION OF MARKET VALUE AS DEFINED BY FANNIE MAE OR FREDDIE MAC. THE REPLACEMENT COST IS USED FOR NEW CONSTRUCTION. THE INCOME APPROACH IS USED ONLY WHEN THE SUBJECT IS TO BE A SINGLE FAMILY RENTAL PROPERTY. INFORMATION FOR THIS REPORT IS OBTAINED FROM THE COUNTY TAX RECORDS AS WELL AS THE LOCAL MLS SYSTEMS. BOTH THE COUNTY GOVERNMENT AND THE MLS SYSTEMS INDICATE THAT THE INFORMATION IS BELIEVED TO BE ACCURATE BUT IS NOT GUARAIEED TO BE AC URATE. This a sisal assumes a reasonable markeC riod for the sub'ed ro art of tfxee months. The Market roach reilec4s recent activA in the market lace. The Income roach is ins o ' to because few sl le famd houses are rented in this market. In view of N1e a of these im ovemenls the Cost A roach cannot be consid red an accurate indicator of va e. THIS IS A SUMMARY REPORT OF A COMPLETE APPRAISAL. • APPRAISER ACKNOWLEDGEMENT: APPRAISER ACKNOWLEDGES AND AGREES IN CONNECTION WfTH L CTR 1C SUBMISSION OF APPRAISALS AS FOLLOWS: THE SOFTWARE UTILIZED BY THE APPRAISER TO GENERATE THE APPRAISAL PROTECTS SIGNATURE SECURITY BY MEANS OF DIGITAL SIGNATURE SECURITY FEATURE WHICH LOCKS THE REPORT WITHIN OUR OFFICE AND CAN NOT BE ALTERED BY ANYONE OTHER THAN OUR OFFICE. APPRAISER CERTIFICATION: APPRAISER STANDARDS: 1 acknowled a and cart that i m a sisal of the above rofereroed ma be used in a federal related financial treruactbn sub act tore uirements of Title XI of the Finenaal Ire0tutbn ReTarm Enforcemerd Act of 1989 FIRREA' ~ ii the a sisal must com with FIRREA and the a Ibable re ulatbns fm m Ttile IX of F e' and M Nre sisal was com sled in accordance with USPAP. APPRAISER COMPETENCY: 1 cart that 1 am u and krrowled a and a rience to erform this a raise!. APPRAISER INDEPENDENCE: 1 re resent and ce that 1 the a ant was not based on a re nested minimum valuators a s chic valuation or the a roust of a ban' d m em ant snot a sisal rodua a s ecifx: value or value within a iven ra e' dim future em b ant M not de ndeM an I a s x; value' iv m em b e com nsation and future em b ant are not based u n whether a ban a n v me rwr a arson with an ownersh' interest in the com an em b ' me is related to or has a owners w other ttnanCbl ~tefeat ki althar the budder/d veb er seller b mo a broker or real estate b k !sales e n or a arson led to a of in lrensacibn for which this a isal was re esled or with the most recent sale or refinarrc or a used as a c:orrr etAe h ltds a sisal and vi I am not aware of an facts wtuch woWd dis ua' me from bef considered an inde ndent a reiser. _ ~ ~, _ .:. Provide ad uale inlormatian for the lender/cdeM to ' ate the bebw cost t' ores and c~cuNatlons. Su d for the o inion d s0e value sum d co arable land sales a other methods for estimati site vakre ESTIMATED REPRODUCTION OR REPtACFJdEItT COST NEW (;PINION OF SITE VALUE..._..__.__.__...__.._..___._.-_.._._._.._. =S Source of cost data MARSHALL & SW IFT COST YAULATION SERVICE DWELLYIG S .Fl. S _. =S Duadt Iram cost service AVE. Elfective date d Cost data O1i/2008 .Ft. - = Cammads on Cost roach ross dui area cakrAations, don, dc. _ =S Gera a/Ca art 5 .Ft. S ._ =i Total Estimate of Cost-New _ =E - - Less ical Functional E~denal reciation =i D reciated Cost of I vemeras ~......_....___.....__.._~__.. _ "As-is' Vahre d S[le I vemeds __---------~_-.----__.._. =t Estimated Remainin Economic Lde UD and VA Y e a r s IND~ATED VALUE BY COST APPf~ACH __.._.._..~._.~....._ ~i ~~~{`.~s y~~g q y ~ F j ~ -: ,,, rlNf#7MC~MrC~7aN~~{J{+~{~flLY _! ' -.. R Of. .r 'ai. I 7v,; '_iqC Ph} :. Estimated Morrthl Markel Rart i N/A X Gross Renl M da N/A = S N/A bxlicaled Yaiue b Income ro~h Su d Income A roach mcludin su ort for market red and GRM ~i rE~ ~" PRO~~C'Fa~., ~ Tlti~~`6~ ~~,~~~. ~ ;,: ,.,...s ,.. , Y , _ Is the dev r/builder in codral of the Homeowners' Association OA ? Yes No Udl e s OetarJred Adached Provide Yx: tolbwi information fa PUDs ONLY d da; deveb erPouilder is in codrd of the HOA and the sub'ect is an attached dwe udt. L d Name d Pro' Total rxxt~er of teases Total rxxnber of udts Total number d udts sold Total marker of units rer~d ToW narrber of urets for sale Dala spruce s Was the ro act created b the conversion d axis ' builds s krto a PUD? Yes No h Yes, date d conversion. Does the 'act codaio an mrdli-dwed'm units? Yes No Data Source Are the wets, common elerltads, and recreation lacipties late? Yes No II No, describe the status of co 'on. Ara the conmon ekmenis leased to or b the Homeowners' Association? Yes No d Yes describe tin: reds! terms and o ties. Descrifx' common elemeds and recreational facilities. Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae form 1004 March 2005 Form 1004 -'WinTOTAL• appraisal software by a la mode, inc. -1-1100-ALAMODE Unii•orm Residential Appraisal Report FIeN SIMPSONFERRY1512 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unft; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unft in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limtting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definttion of market value, or assumptions and limtting conditions are not pemtttted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. .However, addttional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE Of WORK: The scope of work for this appraisal is defined by the complexity of this appraisal .assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, ve[ify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions "fn this appraisal report. INTENDED USE: The intended use oT this appraisal report is for the lender/client to evaluate the property that fs the subject of this appraisal for a mortgage finance transaction. INTENDED USEA: The intended user of this appraisal report is the lender/client. DEFINITION Of MARKET VALUE: The most probable price which a property should bring in a competttive and open market under all condttians requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definttion 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 typica0y motlvated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best Interest; (3) a reasonable time is allowed for exposure in the open market; (4) paymerd 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 wtth the sale. *Adjustmerds 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 ffnarlcing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMRING CONDIT10NS: The appraiser's certification in this report is subject to the following assumptions and Ilmtting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the tttle to it, except for information that he or she became aware of during the research involved in pertorming this appraisal. The appraiser assumes that the title is good and marketable and will not render arty opinions about the tttle. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader 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 this appraisal report whether any portion of the subject stte fs located in an ideMitied 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 bean made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioraton, 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 research Involved. in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse condttions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not' be responsible for arty such conditions that do exist or far 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, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject io satisfactory completion, repairs, or alteretions on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 11104 - "WinTOTAI"appraisal software by a la mode, inc. -1-&10-AUIMODE Uniform Residential Appraisal Report FYeN SIMPSONFERRY1512 APPRAISER'S CERTIFlCATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in tactual, specific terms. I identified and reported the physical deficiencies that could affect the Iivabiiity, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance wtth the requirements of 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 at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that 1 considered the cost and income approaches to value but did not develop them, unless otherwise Indicated in this report. 5. I researched, verified, analyzed, and reported on any curent agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated ih this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject prgrerty. 8. i have not used comparable sales that were the result of combining a land sale with the contract purchase prtce of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such.as multiple Asring services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that 1 believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood; subject property, and the proximtty of the subject property to adverse influences in the development of my opinion of market value. l have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterforatlon, the presence of hazardous wastes, toxic substances, adverse environmental condttions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly wtthheld any significant information from this appraisal report and, to the best of my knowledge, all statements and Information in this appraisal report are true and corect. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusipns, which are subject only to the assumptions and limtting condttions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the Vansaction. i did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marttai status, handicap, familial status, or national ortgin of etther 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 or on any other basis prohibtted by law. 18. My employment and/or compensation for performing this appraisal or any future or anricipated appraisals was not condirioned on any agreement or understanding, written or otherwise, that I would report (or preserd analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. i certify that any Individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any Item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that I ordered and will receive this appraisal report. Freddie Mac Form 70 March 2005 Pape 5 of 6 Fannie Mae Form 1004 March 2005 form 1004 - "WinTOTAt' appraisal software by a b mode, irx. -1-e00-ALAMOOE unlrorfYl rteslaentlal Appfdlsal Hepon: FYeN SIMPSONFERRY1512 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borzower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprtses; other .secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the Untted States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Unitoml Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the barzower, the mortgagee or its successors and assigns, mortgage insurers, govemment sponsored enterprises, and other .secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "elecVonic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), ar a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effectNe, enforceable and valid as U a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liabiltty and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFlCATION: The Supervisory Appraiser certifies and agrees that: 1. i directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibiilty for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (Or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Processional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the Ume this appraisal report was prepared. 5. It this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as it a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER A S TE C RT F RESIDENTIAL R.E RAID Signature Name R K. Banzho Company ame CEN NN APPRPJSAL C. Company Address 24 West Mawr Street. Shiremanstown. PA Telephone Number (717) 7371800 Email Address bonnieCdtoaaparaisers.com Date of Signature and Report 07!12/2011 Effective Date of Appraisal 07!05/2011 State Certification # RL001231L or State License # or Other (describe) State # State PA Expiration Date of Cert'rfication or License 06/30/2013 ADDRESS OF PROPERTY APPRAISED 1512 SIMPSON FERRY ROAD NEW CUMBERLAND. PA 17070 APPRAISED VALUE OF SUBJECT PROPERTY $ 145.000 LENDER/CLIENT Name Company Name PRIVATE Company Address Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certiflcation or License SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection Freddie Mac Form 70 March 2005 Page 6 of 6 Fannie Mae Form 1004 March 2005 form 1004 - "WinTOTAL` appraisal software by a la mode, inc. -1-a00•ALAMODE Subject Photo Page Borrower fera N/A Pro Address 1512 SIMPSON FERRY ROAD C' NEW CUMBERLAND Ca CUMBERLAND State PA L' Code 17070 Lender PRIVATE Subject Front 1512 SIMPSON FERRY ROAD Saks Price NIA Gross living Area 1,118 Total Rims 5 Total Bedrooms 3 Total Bathrcans 1 Location AVERAGE Yew AVERAGE Sik .48 ACRES GuaCdy AVERAGE Age 62 YEARS Suubject Rear Subject Strest fam PICPIX.SR - "WinTOTAL" appraisal software by a k mode, inc. -1-804ALAMODE Interior Photos Borrower Gent NIA Pr Address 1512 SIMPSON FERRY ROAD Ci NEW CUMBERLAND Coun CUMBERLAND Stale PA Zi Coda 17070 lender PRIVATE Form PICINTD - "WinTOTAI"appraisal software 6y a la mode, inc. -1.80D-AIAMODE Interior Photos Baraver/Cfi~l WA Pro Address 1512 SIMPSON FERRY ROAD Ci NEW CUMBERLAND Coun CUMBERLAND State PA L Code 17070 Lender PRIVATE Form PICINT6 -'WinTOTAL"appraisal software by a la mode, inc. - 1-8(10-ALAMODE Comparable Photo Page Borrower/Ci~d NIA Pro ert Addr S 1512 SIMPSON FERRY ROAD i NEW CUMBERLAND Co CUMBERLAND Ste PA 17070 Lender PRNATE Comparable 1 1508 SIMPSON FERRY ROAD Prox. to Subject Less than 0.01 macs Saks Pdce 160,000 Gross Cluing Area 1,450 Tolai Rims 6 Total Bedrooms 3 Total Bathrooms 2 Localfon AVERAGE View AVERAGE Sik .31 ACRES Quality AVERAGE Age 53 YEARS Comparable 2 901 16TH STREET Prox. to Subject 0.13 miles N Saks Price 139,900 Gross Lfang Area 1,040 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location AVERAGE Vew AVERAGE Site .18 ACRES Quality AVERAGE Age 57 YEARS Comparable H 518 8TH STREET Prox. l0 Subject 0.64 miles E Saks Pdce 167,000 Gross Livirrp Area 1,380 Total Rooms 6 Total Bedrooms 2 Total Bathrooms 1 Locaton AVERAGE Vew AVERAGE Site .21 ACRES Quality AVERAGE Age 53 YEARS Form PICPIX.CR - "WinTOTAL" appraisal sotlwaze by a la mode, inc. -1-&!0-ALAMODE Building Sketch Borrower Cient NIA Pro Address 1512 SIMPSON FERRY ROAD Cit NEW CUMBERLAND Co CUMBERLAND Stale PA Zi Code 17070 Lender PRIVATE a~ zo.o• zs.o' ~~~ ~ 14.0' 43.0' I Con6nenls: AREA CALCULATIONS SUMMARY code Description size Net total's GLA1 Pirat Ploor 1116.00 1118.00 GAR Garage 290.00 290.00 TOTAL LIVABLE (rounded) 1118 LIVING AREA BREAKDOWN t~reelcdown $ubtclafa . Flrat Floer zs.o >< 43.o ilie.oo 1 Calculation Total (rounded) 1118 Form SKT.BIdSkI -'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Location Map Borrower/CieM N/A Pro Address 1512 SIMPSON FERRY ROAD Cil NEW CUMBERLAND Co CUMBERLAND Scale PA 7J Code 17070 Lender PRIVATE a la mode inc' '' " ' ,~ ~, : ~ -- ~~ ;" ~"' - ` ~ ~~ ~. L~ksi ~ ~~ J' e r r S o ~ S ~ ~~~ Y,•~ <.~:., ^,~ ~ 5 ,fig' t~ s~ ~ t , .,r' M~F^`" ~., ~}~ fi ' ~ 5. n i ~ ~ , ° ~'f r r ~e _ Sr. , i w' p~ a r ~i ~ „ ~ s,;l . ~'t `¢ ~ $f ~° a ~ ~~.:~ ~ ~ S ~ ,~ySS ~ Q` ~*~ S ~ '- :::eel V`9 . .,,~ :A~`~ ...~ aa' ..~,. .. E~ m 9 ~,y~~ mil` ,~f IFS "~ ~ g ~ ~ 4~ ' ` NAM ~ ti. ~ -.. ~ ~~~ fo ~~ .. S . h'unch°sler Rd '4 VA '~s b ~ .~: 3 ~ ~ ~~ - Oa& (°. ~~ ` Rd; .~ ~ c s~ y end ~ ` s~ ~~ S ~ 4~ ~ ~Ye ~' s ~ 9 ,~c~~`yV" .8q"~Q~ " eOs { wa ~n CAA - r ~' - .Swatltmore Rd Sryy, '~° ` " r ~ ~~, ~~pyh°ven Rtl ~ , qo ~ .. ~~. t~ T Ea~~~ e I~r ~s: raj ~ l-~~Y~'° ~ ~. '~~ zr ..:, q~ "'~k '; rM" ~ g .... ~ Gov a s ~B6cl ° ~~WA ,.. ,Slk 3'1 `b ~~ k'+ ~ ° r . y~ 4 _ 'S_ ?~ ~ - o~ Capmd~,e~' ~ ~fieMstO+m Rd "- . "~ ~ ~. ~.~~.~ .-CR° 'E M°p ~ S 1S ~ " . T~ ~ r O~ ~ S Q ~ $. frorm MAPlOC -'WinTOTAL° appraisal software by a la mode, inc. -1-800-ALAMODE Plat Map BorrowedCieM NIA Pro erl Address 1512 SIMPSON FERRY ROAD Ci NEW CUMBERLAND Co CUMBERLAND State PA L Code 17070 Lender PRNATE Form MAP.PLAT -'WinTOTAL" appraisal software by a la mode, inc. - i-8(10-ALAMODE ~SDL1feEven~.,fpmmuneationCent~ To Gregory RNauman/Field/AMPF@AMPF erlCOT~PhAMpT= ~ - .Sept by Anthony=6 _ cc -Busto%Corp7AMP:_~ bcc ~08108120`I1 08 01 PM _ Subject 13573726 ANNE WPOOLE-DEATH SETTLEMENT ,. ~ : ~ ,; - REQUIREMENTS-PLEASE DO NOT DELETE RiverSource Life Insurance Company Ameriprise Financial Company 70100 Ameriprise Financial Center Minneapolis, MN 55474 August 8, 2011 GREGORY R NAUMAN STE 1 ] 80 GOOD DR LANCAS'T'ER, PA 17603-4359. Dear GREGORY R NAUMAN: 13573726 0 001 We have received notification of ANNE W POOLE's death. The deceased's name appears on the following accounts. Account values as of 06/26/2011 aze listed below. At the end of this letter, you will fmd a list of beneficiaries shown in our initial review of the accounts Account Infornnation Mutual Funds Account Number 01123890321 2 002 Mutual Funds Account Number 01123890321 2 002 Ownership Individual Total Value # of shares Asset Value Per Share $48,283.93 9,466.696 $5.09 The date of death values provided are for estate tax purposes and are not a value to be paid. Accounts may be subject to market fluctuation as governed by each product. Please note that the values indicated for any Life Insuramcc~.pr'oducts with the insured deceased reflect the gross death benefit at date of death and not the cash value. Values; indicated for Life Insurance products with only the owner deceased reflect the cash value as of the date of death.;; d~atues for any proprietary mutual funds include accrued dividends as applicable. Values provided for brokerage pro'du~s are manually calculated, and should be used as estimates only. The prices used to provide values are estimates obtairied-from outside sources believed to be reliable. Ameriprise Financial provides these values as a service to its clients. Actual values used in preparation of tax returns or for planning purposes should be verified by your legal and accounting advisors. l~ulto~l Barak LISTENING IS JUST THE BEGINNING.s" August 19, 2011 Law Offices of Saidis, Sullivan & Rogers A Professional Corporation 635 North 12th Street, Suite 400 Lemoyne, PA 17043 Dear Ms. Rogers, ~~ ~~~~~~~~ F~ This iri~Orlii3ti0rf is f~rni;~;f::~ a~y ~ r tatter of ~~usi Bess courtesy In i3rl~3i'lerr tC yCs~r tiltairl', c"tr;C` t; 1'Ctr y4,St:r i:~nliC:f:rlttal U5£ Only. ,,. The l~an~ ;urrii~l:n ti;is il~.`crr~z.icr~ ci:rs r~ct represent or r~U~"~i'i°~'r`.~' le~E~ i~ C;i+:~;~:3; ia;r?'"•.':~L~f€i3:: ~Sr rf.'!Et9`3i~tty Q,` tI1L-' trff;e:°rri~;si~ i~9~~S'i%%~°. '`1L r::tr,3}fi:il3i{{i~.? ice: eiS.`ium~ 13y t~'!e k~anlc c' an~j 4..: ~.+;f~., _:; r~r~?:~~,r wg J,. ~;~.;4:ntu. /;ny' opinion c~,; ~ ' ,4~ r. 4;;',;~t~c Viti;1C'tit notfC~ RE: Anne W. Poole, deceased June 26, 2011 In response to your recent inquiry concerning the accounts maintained in the name of the decedent, please be advised that the following accounts were open at the date of death: Please be advised that Suzanne P. Allen is Power of Attorney for all accounts. Club #0691-41270 Date of death balance $400.00 plus $0.06 accrued interest, opened 11/1/93, titled in her name alone Checking #3619-67129 Date of death balance $8,528.57, opened 9/12/97, titled in her name alone Checking #3632-28747 Date of death balance $39,871.23, opened 12/30/80, titled in her name alone Money Market #9932-31248 Date of death balance $7,050.52 plus $0.42 accrued interest, opened 1/20/83, titled in her name alone DATE OF DEATH ACC CD# BALANCE INT RATE OPEN ROLL OVER MATURITY 052-0182659 $26,008.95 $21.39 0.60% 11/7/02 5/7/11 1!7/12 * Titled in her name alone 052-0224802 $15,904.91 $36.91 0.45% 6/20/05 12/20/10 10/20/11 * Titled in her name alone 052-0259663 $28,326.26 $166.63 0.79% 9/28/06 9/28/10 9/28/11 * Titled in her name alone 052-0275969 $17,833.61 $99.66 0.90% 5/12/08 11/12/10 2/12/12 * Titled in her name alone 052-0275975 $15,972.39 $65.96 0.69% 12/20/07 ll/20/10 7/20/11 * Titled in her name alone if you have any other questions, please feel free to contact meat (717) 32'2497. Sincerely, ~~ Joshua A. Groff Credit Confirmation Processor 1.800.FULTON.4 fultonbank.com Fulton Bank, N.A. Member FDiC. Member of the Fulton Financial Family. APPRAISAL REPORT OF PERSONAL PROPERTY ANNE POLLE 1512 Simpson Ferry Road New Cumberland, PA 17070 For RUSS POLLE 368 Old Stage Road Lewisberry, PA 17339 AS OF: AUGUST 21, 2011 BY MICHAEL D. CEASE AUCTIONEER & APPRAISER 568 E OLD YORK ROAD BOILING SPRINGS PA 17007 717 245-9876 APPRAISAL CERTIFICATE I hereby certify, that, upon request for valuation of the personal property of the Estate of Anne Poole, 1512 Simpson Ferry Road, New Cumberland, PA 17070 by Russ Polle, 368 Old Stage Road, Lewisberry, PA 17339. I have personally and physically inspected the following listed personal property for the purpose of appraising and reporting the FAIR MARKET VALUE, AS OF AUGUST 21, 2011 Date of inspection being August 3, 2011. The information and values contained in this report are based upon my experience as an auctioneer and appraiser, and other reliable sources. The personal property was found to be in GOOD condition, unless otherwise noted. Values are reported piece by piece and as a whole. All values reported have been determined with consideration to condition of item, mazket conditions and salability factors. APPRAISAL SLfMMARY It is in my opinion, that, as of August 21, 2011, the FAIR MAItI~T VALUE of the listed personal property is: Household Items $850.00 TOTAL $850.00 Eight-hundred, fifty dollars and zero cents. This is not the apuraisal report The report must be read in its entirety. 2 DEFINITIONS AS USED IN THIS REPORT APPRAISAL An opinion or estimate of value based upon relevant and .factual data, as of a given date, and is usually written. VALUE Present worth of future benefits. FAIR MARI~T VALUE A dollar figure (determined by historical data and current market conditions) at which the property would change hands between a willing buyer and willing seller, neither being under compulsion to buy nor the compulsion to sell and both having reasonable knowledge of relevant facts of the property. VALUATION DATE - AUGUST 21, 2011 INSPECTION DATE - AUGUST 3, 2011 MARKET CONDITIONS Mazket prices of modern household goods and glassware have declined the past 5 years. Regionally, mazket prices also reflect decline. Locally, mazket prices have also reflected decline. 3 SOURCES OF VERIFICATION 1. Chuck Bricker's Auction Service Inc. Chuck Bricker Mechanicsburg PA 2. Charlene Caple Auctioneer & Appraiser Gettysburg PA 3. White Rose Auction LTD Toby Randazzo Boiling Springs PA 4 ASSUMPTIONS AND LIMITING CONDITIONS FAIR MARKET VALUE The term "Fair Market Value" as used in this report is defined as follows: The highest price estimated in terms of money which the property will bring in a competitive and open market under all conditions requisite of a fair sale, with the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. This appraisal is based upon the following assumptions, limitations and conditions. 1. The information contained in this report is gathered from sources considered reliable and from personal examination and research of authenticity and that comparable sales and/or auction prices were available and dependable. 2. No responsibility is assumed formatters legal in nature, including but not limited to: representation of others of value, authenticity, condition, or provenance of an item appraised. 3. The appraiser assumes that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures would be utilized unless specifically requested and the expenditure of funds therefore authorized. 4. Court attendance -The appraiser's court attendance and giving of expert testimony are not included as port of this report TAE UNDERSIGNED HEREBY CERTIFIES: 1. Appraiser has no interest now, heretofore, or contemplated in the future in the properly covered by this appraisal. 2. That, to the best of my knowledge and belief all statements and information included in this appraisal are true and based upon my objective findings and that no pertinent information has been knowingly withheld or deleted in this report. 3. That neither the employment to make this appraisal nor compensation for doing so is contingent upon the value of the property. Even though it is the fum belief of the appraiser that the information furnished in this appraisal report and the conclusions drawn from this information are true and correct, they are not guaranteed. RESPECTFULLY SUBMITTED MICHAEL D. CEASE AUCTIONEER & APPRAISER 6 STATEMENT OF QUALIFICATIONS MICHAEL D. CEASE, AUCTIONEER & APPRAISER • LICENSES Licensed and bonded Auctioneer, State of Pennsylvania. • EDUCATION B.S. in Business Administration, Penn State University, University Pazk, Pennsylvania. • PROFESSIONAL DESIGNATION STUDIES Board Certified Appraiser of Personal Property from the Institute of Appraisal of Personal Property. • PROFESSIONAL ACCOMPLISHMENTS Auctioneer for over eight years Owner and operator of antique and collectible. business "Expired's Lastchance Antiques & Collectibles" for over ten years. Owner and operator of "White Rose Auctions LTD" for over eight years. • PRESENTLY Conduct on site estate, farm and consignment auctions throughout Cumberland, York, Adams, Dauphin, Perry counties. Perform personal property appraisals and analysis for estate, liquidations, and insurance purposes. SIGNED, NIICHAEL D. CEASE 7 PERSONAL PROPERTY -- ANNE POLLE TV $5.00 TV Stand $10.00 Table lamps $15.00 Walnut Stand $20.00 Elephant Stand $35.00 End Tables $5.00 Recliner $10.00 Love seat $50.00 Sofa Floral $65.00 Cedar Chest $25.00 Lamp Floor $10.00 Record Player $25.00 Table 4 Chairs $35.00 Server $45.00 Microwave Stand $5.00 Green Coffee Jar $20.00 Small appliances/pots pans $25.00 Dresser $15.00 Dresser $10.00 Single Bed $5.00 Office Chair $5.00 Radio $5.00 Vaccuum $5.00 Dresser Solid Back Bedroom $35.00 Dresser Solid Back Bedroom $40.00 70's Bed $10.00 Misc. smalls $20.00 Misc. smalls $0.00 Single bed $5.00 Sewing machine $5.00 End Stand $5.00 Crochet set $10.00 Pool Table $5.00 Misc. Tools $5.00 Toro 6.5 HP Mower $45.00 Snapper Mower $25.00 Troybift Roto Tiller $150.00 Aluminum Ladder 8ft $20.00 Misc. Garden Tools $10.00 Patio Furniture $10.00 Total $850.00 The Ilalon-4`entral 1&7G Wsyar~t9 Read Idi'e ~ucarance ~~-tupm~y dtiviutmti.~io 4~~f0 ~.1a13.~~-~ wavtiv.unionr~iral.com Imp ~d Iinett~ab A tNMFl conippq~ JAMES POOLE 35 AYLESWORTH WAY GROVE CITY PA 16127 July 2S, 2411 Re: A61320182C ANNE WILLIAMS POOLE Dear Mr. Poole: Per your request, the date of death value ofthe above referenced policy is $56,843.21. If you need anything further, please feel free to contact us at 1-840-319-6342. ri ry laim xaminer Individual Life Claims Enclosures lad .J iAV:~ OFFICE 317 THIRD STREET '.vEU' CUMBERLAND, PE;~N$1`LVAh11f1 17070 LAST WILL AND TESTAMENT OF ANNE W. POOLE I, ANNE W. POOLE, of New Cumberland Borough, Cumberland County, Pennsylvania, being of sound mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament hereby revoking and making void any and all other wills by me at any time heretofore made. I. .1 U I direct that my Executor hereinafter named shall pay all my just ~, R.ti `?~ debts and funeral expenses as soon as conveniently may be done after my decease. ._ l ;~ II. All the rest, residue and remainder of my estate, whether real, personal or mixed, and wheresoever situate, I hereby give, devise and bequeath \''~1 ,V as follows: A. One-third (1/3) unto my son, RUSSELL F. POOLE. B. One-third (1/3) unto my son, JAMES E. POOLE. C. One-third (1/3) unto my daughter, SUZANNE P. ALLEN. III. I hereby nominate, constitute and appoint my son, RUSSELL F. POOLE, as Executor of this, my Last Will and Testament. If the said Russell F. Poole should predecease me, fail to qualify or cease to act as such, then I nominate, constitute and appoint my daughter, SUZANNE P. ALLEN, as Executrix. IV. No ficuciary acting under this Will shall be required to post bond LqW OFFICES N F. LAFAVER 7 THIRD STREE7 in this jurisdiction or in any jurisdiction in which he may act. CUIdBERLAND, PA Page one of two Pages IN WITNESS WHEREOF, I, ANNE W. POOLE, the Testatrix, have unto this, my Last Will and Testament, set my hand and seal this 1~ ~- day of June, A. D., 1989. ~~ -~ u r-t / ( SEAL ) SIGNED, SEALED, PUBLISHED and DECLARED by ANNE W. POOLE, the above- named Testatrix, as and for her Last Wi11 and Testament, in the presence of ,us who have hereunto subscribed our names as witnesses at her request, in the presence of the said Testatrix and in the presence of each other. LAW OFFIGES N F. LAFAVER 7 THIRD STREET CUMBERLAND. PA Page two of two Pages