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HomeMy WebLinkAbout10-06-98 ~.. ~-I oFFx;IAL UaE ONIr REY-1txKl EX a (1-W) RL~/- ~ C/-/~ COMMONWEALTH OFPENNBYLVANIA iNNERfTANCE TA)( RETURN RLENt1MBER / ~ DEPARTMENT CF REVENUE PT D 0ee RESIDENT DECEDENT ~ - ~ -~- - .2e E t MARRI UR PA 77 1 COUNTY CODE YEAR NUMBER DECEDENT6 NAME (U1at, FIRtlT, AND MIDDLE INITIAL) uaa a 6knk apap W aapwta worts D E RUTtJLAK 5 PETER N. E 80CMiL aECURITY NUMBER DATE OF DEATH DATE OF ®IRTN D 96 08/05 97 04/29 34 3 0 8- 2 6 - 0 2 N / ~g ~ p p+ ~ g~ g ~p ~IRBT, At~O Y16DLE 1 1 )aPOUBE'8 NAME (LAST, aDC1AL aECUi41TY NUMBER 7/W3 REIIIRN Yllir BE FLED Nl DUPLI[`.ATE WITH THE T Ma D. 1Cutul kia REGISTER OF WILLS X 1. OrlgrW Rohm 2 8uppkrnantd Raven 3. Rar~lndar Ratan ~ o} dwth ) b 12-1~-i2 +A P B 4. Limlud ENaN 4L Futtw k,Nraat fbalproiMaa (daM of dwth •/Nr 12-tY-s~ X S Fadartl Eataa Taa Mlvn Ragakad ') P Rj (]L~~ X 6. Daoadant DNd TaahN T. Oaoadonl MalnMhrA a LWkip Trwt O 8. ToW Nombar of 8aM Dpoalt Boxaa OR T K (Attaoh Dopy of WW) (Attach copy of Trwt) ^ ^ ~ E $ 10. apauatl I°ovarly tAoNt ,,. ENatbn >o Lx Wld.r Sae. e119(A) g. LItlpNbn Preaaatlr Raaalvad daM Of death MtwNn 7Y-a1-07 ane 7-1-e6 ttaeh aeh O i P NAME COMPLETE MALINO ADDREaa C p A Steven J. Schiffman EB 2080 LinglaBtotvn Road RR DN FIRMNAME(IfAppNoabN) Sll7.te 201 E E SERRAT I S HIFFMAN et. al. Harrisburg, PA 17110 S T TELEPHONE NUMBER OFFICIAL l1aF ONLY 1. Real Estatr (5ctleduk A) (7) 24, 000.00 2 Siodcs and Bonds (St~ledtfle B) (Z) 3. CkNnNy Fleld Ctxporation, Partrtersltip or (3) S~-~ R 4. Mortgages d Noses Rsaivable (StiledtlN D) (4) S. Cash, Bank DsposNs >k Mktdkarteous Personal Propary (~ 184 , 484.82 A (Schedule ~ 6. Jointly Owned Prgtrty ( F) (6) ~ 7. IMx-Viva Transfers dt #MsoNlaneous Non-Probate Properly (7) 8 r 989.79 L (Std7Wuls G or U T 8. Total Grass Assess (totN Lkles 1-7) (8) 217 , 47 4.61 I O 9. Funeral F~Iperlses ~ AdRlNlistratlve Costs (Schedule H) (g) 45, 500.50 N m. Debts of Decedent, Morggge LiabilYes, ~ Lktas (Schsduk I) (t01 308 , 432.91 11. Total Dsduetlons ~ Lkles 9 ~ 10) (771 353.933.41 12 Net Value of EstaN (tine 8 rnkxts Line t i) (12) (136 , 458.80 ~ 13. Charitable and Govermxntal Bequssts/Sac 9173 Truses for which an electlorl b tax has not been (13) 0.00 made {Schedule J) 14. Net Value Sub Tax 12 frdlltn Line t i4 136 458.80 C 7S. Amautt of irle 74 taxabk at M the spousal tax rats 0.00 x .0.00 (tst 0.00 P See klstuetlofls on pegs 2 for appYcable percarttage X A 16. Amoum tN Wlt 14 taxable at 6X rate 0.00 X .O6 (16) 0.00 T 77. AnlouM of Yrte 74 taxable at 1s% rate o . o o x . is (n) o . 0 0 ~ 18. Tax Due (78L 0.00 . . ~ N ti E 19. ~ I ii I I E I~ ~ i! II I t F 4 , ~. I, Undo parW ilea of parpxy, I daokw tMt I haw ow>attinad thk nWn, IndudMe aeoomparykrp aohaduMa and atalamants, and b tM keel o/ ay knowkrdp and bakaf, It it trxa, oomot soil aompMb. DaoNraeort of praparar other than tM paraaW raprasantftfw la based on aN Mtonsibn of whkh proprar hu any knowNdea. G SIONAT//~~ RE8PON81BL OR FILING RETURN ADDRE88 ~~E/~ g~-/ c/o Dickinson School of_Law___ -, ----------------------------- ---------------- 1 5n A _ r`nl 7 ann Cf _ (`arl i it a P1 axiN TORE P PARE HER THAN REPRESENTATIV ESa ~ DATE p p~ 2080 Lin~leatown_Rd_,_ Suite 201 (~ )/ ~0 ---------- --------------------- D( Harriabur PA 17110 yrlehl( form onlyCPayaMim,Inc. FwatREV-1 (Rw.1-eq r Decedent's Complete Address: STREET ADDRESS 7 Eaet Cha 1 Avenu® CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 LMIe 18) (1) 0.00 2 Credits/Payrner-ts A. Spousal FbvsrtyGedk 0.00 B. P-lor Payrnsms 0.00 C. Dismount 0.00 Total Credits (A + B + C) (2) 0.00 3. hterssvPenauy N applkable D. hbrsst 0.00 E Pemdty 0.00 Totm ktlereaJPenahy (D + E) (3) 0.0 0 4. N Ikte 2 k greater than prte 1 + Wrte 3, enter ill diNerencs. Thk is the OVERPAYMEM. Chsdc box on Page 1 Una 1p to request ^ refund (4) S N alts 1 + the 3 fs g-eaMr than Ana 2, emx the dfNa'ertce. Thk is the TAX DUE (5) A. Enter the (merest on Mte tax due. (511) 0.0 0 B. Eller the ttrtal d Lkte S + SA. This k the BALMICE DUE. (5B) 0.00 ftAaks . to€ R EGIS TEjRi 3OF 1AlILLSt CrtedcP GENTp : . , ~ f + ~~~ ~ ~ ' A' . ' { 'I ~I 1 l ~ '{I; 4 i ~ ! ~ ,f i ; ~ 9 ~ ~!~ 11 14 I1.1 ~~l~~I~ill~lkl~llllll~I~I„!.lIIIIIlRi,,~llill~lllltIIII~~I,-11111~4t1~~!#IIl~t1,1i84i,;~+.,i;I4.4lI~I~Nhrl~lllllll~E{1.11~lf11,t1llll(tiINIIfII~:;,IIff~Ell iilffl4:i,;lllEli~~,IlII~,{;,t,1111,i;III(liFhlll~l',IN11}II,~tI~IIII6«illll~lllllilllN ! " a ; I' 1 IIIIIII11111111f~l1111111i,llllliffll,illi~{I,~111~1 PLEASE ANSWER THE FOLLOWING CIUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did dstxcNm make a rooster and: Yes No a. rash the use « htxxne of the propergr s'ansMrrad : ......................... X b. retch the right b deefgnats who shah use the propery 1-i1KfOrred «ks booms; .......... . t IMah a rewnbnary hM-at; err .................................. . d retxdvs the promise for Nte d ekt+er paymerne, bensNts a cars? ................... $ 2 N death ooeutrod' on « before Decerrtber 12, 1982. did dstxxlsrN wktth tva years prscsdig death taneAr prepay witlqut rsaivirg adequate tronside-ationt N dsaYt ooeurred aMr Dstwrtber 12,1982, did decedent tfanefer property wilhit one year Of death without receNNtg adequate considsraYortt ... ^ QX 3. pfd decadent owe as "in trust for or payable upon death baMt atxxxxtt o- security at his orMrdeaai7 .............................................. 8 8 4. Did Yte decedent own an hdivfdual rotiramem account, annuky, a other rton-probate property? .. . IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE F 72 P.S. Section 9116 W {/.1) ~ provided fa 1hs reduction of the tax rats inposed on the na valve of transisrs b «tar rite use of the staviWrtg:pouse *arrr 6X b 3% for daNS of dash on or aRs- July 1, 19614 and boor? Jarwary 1, 1906. 72 P.S. Secibn 9716 W (1.1) W provided b the redtrctfort of the rase tnpoesd on the net vak+e d tanners b a rot the uw of the surviviig spouse ham 3% b 0'K in dates of deatp on «aar January 1, 1995. The statute a transfer b a surviving spouse irtxrl lax, and tits statutory rsquYarrrenh for trisdoare of awls and 11Nng a tax realm are stNl appYeabN even N the strvirirrg spouse k the orty berlNfciery. tgDR DATES qF DFJ1TIi t]N t]R AFTER JANUARY 1, 1906 -Please answer the bowing question by ptat4ng an 'x' h the appropriate spas. Dtd the decedent tree a trust o- sNnilar arrangement which b solely f« tlu surviving spouse's banal? for his « her emks {NetMrre9 Yes ~ No N you answered yes b tfte above quasYon, Mrs tax on the trust «sittMar arrangartsm k postpoMd umk the treath of the setxxtd apouw, at whictt tine k w41 bs fuy taxable at the tee(s) appfcabfe b the rMnaixfar baaAdaryQes). Entr the value of the tout txr Sdnduie J, Part N, h order b remove k from the calq+Mlbn of the Tax due in Mrk estNS. You mry wish b iNe Schedule O h order b male the election avaNable under 5sctlon 9113. N ttre elsctbn k atads, the truce or sintYar anangertterM which beneAle tale surviving spouse is axed a the zero tax rant, and the nmaMtdsr is taxed a the tee(s) appMraWs q tree rsrttahdr bertsldary0es). Nyou titoose b malts the slsctfort, you RwsR atradt 5t9tedtrle O b a tYrMly-11ed tax FsYan, abng wkh Stiadtrle(s) K artti/« M h oralsr' b show 11fe apporYortrrtent of the rust « shaNar anangsrrrm beavssn the surviving. spouse and rie tsrnairder Co-yrtent kl ten r"nn."ftwr. onlq CXay"M"r, Mee. Farm REY-1500 IX in"v. t-e7) REV-teo¢ Ex a It-s>7 „ SCHEDULE A cwttN)NwEALTMCFPEMNDYLVANU REAL ESTATE INHERITANCE TAX RETURN RE3ICEMT CECECENT ESTATE OF PETER N. RIJTUI.IUCIS FlI.E WlltABER - Atl real property owned soktly or as a tenant M eonrrttNt rrwst be reported at tak market value. Fair market value k daNned as the price at which properly would bs mlchanged behwen a wYWg buyer and a wNling tNtMer, nsiYw tNdng torrrpeNsd b txly a seN, bath having reasonable qi more space k needed, taaart addilioRal shaele of the same siae~ ~41~1 k1 te» roan wltnErE only OPeyENnN. Mw. Form ~-~ EX NMV. 1-aT) F _. t lY Ne: APPRAISAL REPORT of 330 Cresson Road Carlisle PA 17013 THIS APPRAISAL REPORT IS A LIMITED ANO SUMMARY APPRAISAL REPORT PREPARED FOR: Sarratalli, Schiffman, Brown 6 Calhoun 2040 Linglastovn Road Suite 106 Harrisburg, PA 17110 AS OF: 08/05/1997 PREPARED BY: Leon D. Gerlach, Appraiser Leon D. Gerlach, Appraiser 305 Nest Shady lane Hnola, PA 17025-2240 717-732-5052 FAR (717)732-6646 R 10/28/1997 LEON D. GERLACH, APPRAISER Pa CERTIFIED GENERAL REAL ESTATE APPRAISER 306 West Shsdy Lane Enola. PA 17025-2240 OFFICE 717.732-6062 FAX 717-732-6646 Steven Serratalli, Bchiffmsn, Brown 6 Calhocn 2040 Lingleatowa Road Suite 106 Harrisburg, YA 17110 Dear Stevan Ra: OOR FIIS NOHBER - H709210B Rs: YOUR CABS R01tBER - ROTIJI.AICI3-530 Cresson Bead, Carlisle Is- response to your request of 09/10/1997 for an appraisal of the single family residence at 530 Oraasa~- Road Carlisle PA 17013 I haw personally inspected that property to utimate the marlat wlue, as defined !n this report, of the fee simple interest in that propazty as of OB/OSj199T and 09/26/1997 the date of my impaction. The accompanying SVHHARY APPRAISAL REPORT includes exhibits, addandums, assumptions and limiting conditions. Based on mY inspection, analysis and market studies as reported hare, I have appraised the 8ubsect Property and in my opinion eha estimated market wlue of the fee simple interest in the subject property as of 08/05/1997 is: TWENTY F00R THOIISAND DOLLARS ----- ($ 24,000 ) DATE RHPORT SIGNED 10/28/1997 The value quoted above is only in affect alien accompanied by the entire appraisal report attached here to containing Cover page to the Qualifications of Appraiser. It has been a pleasure to assist you, if I may be of further service to you in the future, please let me know. RA7Speo~ctfvlly Submitted, Loon D. Gerlach CM, CCRA, PaCGBSA X368 Pa Certified General Real Estate Appraiser SOPERVISORY APPRAISBR/OWNER Leon D. Gerlach, Appraiser r ' Leon D. Ger4ach, Appraiser Propsnv Daeoriptlon KUTGIAKIS-530 treason Road, Carlisle UNIFORM RESIDENTt01 OPPRAISAI RPPART ex. u. nYno~t nn - o-a -t s t..w.n teM1 w lne.r toner, wr n.u.n8r.a ttYyeterartroar v.~,r t.rwa wwehrre 'O°~i1Or Ov« Ts% Beae% ttner ts% rwce / peel •ae Mel t4r rrner tlr ee.M ^ tart arlwetfre AeDle NM4 Blew Ownr 92 lew N/emir MMeere twtrM rYuw tM.eelio hero neNiaq T«rr 8 laeelemlr Tr. an"~mMr Mwrlfn tiHrme llv««plr Veew ttre%1 Cennnrdr iretr e....rn.err.ww.w..rB.~+Brr.rw.Bw.rwrwr+rta.~ Neyhewhetl trurrNe ~r NrrerYtlae Wert Petinsboro Totmahip The neighborhood bounndaries per this appraiser's report include the irhola tinmship. Only using a far blocks fix a neighborhood boundaries an appraiser can pick the beat blocks for the report, but with a tamship rhlch includes neighborhood amenities. This sppsaiser•s belief is that the neighborhood moat include neighborhood amenities like: schools, s , ~~~ plaea of trorship, employment, normally expected public services and ao forth. teNen eut elver tti mrM.Ymy r w treerew ti Br,rya«n.a/ y,,.,YnNr 1. w.p.rmwB wd wnwMr, wnpMn«B rWNy, ryp,r ro mwwr. re.l: This iTast Petmsbtxo Totmahip neighborhood is comprised primarily of properties reflecting similar quality, maintenance, design and appeal, and marketability to the subject property. Availability for this neighborhood, of asst public services combined frith average access to employment, shopping, and schools gives it a similar appeal to the market as other nearb y nslghborhoods. Mo unfatrorabla fasters rera observed rhich trould adversely affect marketability. Meer eumeerw et tlr eueieat rrgNwhwd arrv ewpart 1« pw eeew rnr~rlww wlr.e n er r..ne N peeenr relYr~ ern«ghtegh. er meaeenB ten.... sues r eNe wr ""'w'lw'n'wrBrr«.r.ti"w^.pawrww•w.wbx.,Nn,,.~+.,w,rr..w«.an.m+eeww.w.,N<r. The supply and demand for this neighborhood is normal at this time. Aiso the marketing time is normal at this time. Market and property values appear to be relatively stable ae this time frith a ride variety of financing available. 8ttydorna and coneaseiona do trot aenm to be a major factor in todays market. PBBSffi1T I11ND WSB PFRCEIiPACB -This net form does not require the reporting of vacancy percentage be¢attae it could ba interpreted as being discriminative to an area as par FA1aNIB NAB. So the vacancy for this neighborhood is the balance after all the percentage of area used rMer er«nreewe M MW rl reeN.YeFN M eewl«,wAeldr m ervN N the Horne Ownwe' Aeeedrlen NGNr Yr Ns Ayreeeneu trel meMw N ter N Nr eWre /releet MIA M«admero roW nnaw N urlb it eW M Yw euhled «Ueet , oeaerrw , r r r Taposraphy see Mee X4.900 S0. FT. M2 Cem«tr Yr Na Sixe ereeBle aerenp a..rne.Bar.r aeeeMler B: Q~.1.~~ ~'r~ Shops Zaiiie eampeenw ®l r ^ t Y p p nenrrrermeq prendletlrrN wl lever Na,aNnr DralrteDe NyrN a Mr w r enere.M geeer w ^ M W w 1 w .We N View Utmtlae hbNo Other ttH+ita Type Pubtio Pdvea Lerdseepinp belprOVaRMIIb nerwey Bohn Eleetridri Btrset ASPHALZ xn , ,w,,,,,, e,,,n,r,~, ties Curb/tiltner 1'~ 1TJi Wetsr - SWewalk B$1MB ~ FEMA Speaad Flood Haxrd Aree ^ Yse ®No Sanitary Sewer - Shoat li¢hte NONE FEMA Zona ~,_~ Mep Oats 0 t:«mnw.two««r we.... eeerrrw, «rrrreerr., elwrr w.ernr1r., rM «r. tigr «lepr nrr«,l.ma,e:stay w stet For this nei hborhood th , , . g e subject property's site; has similar site improvements, landscaping and has had similar maintenance. The site also is similar in size, and enjoys similar topography to the other sites in this neighborhood. The present use of the site is legal as par the appraiser interpretation of the the local zoning. No apparent adverse easements (except standard utility), encroachments or other adverse conditions exist on the subject's site or in the neighborhood, SEWER/I/ATER -The subject property has septic system on site, rith no visible mlfunctioning noted at the time of inspectitm also has not been used for some time and not sure it cork at all and roll on site rith fro inspection or test by the appraiser of the rater. :fir- i>~ y>. r ~?$: e..ew Mre form r0 e-ei MCe, a OM,tm N Ael Ow.1..w.... wtrn ..,_.... ' 4 Leon D. Gerlach, Appraiser Flls No. H7082108 Property Desoriptlon UNIFORM RESIDENTIAL APPRAISAL REPORT GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDA710N BASEMENT INSULATION No. of Unib Foundadon Slab Ara Srt. Ft. Root No, of Storks Exterior WNIa Crawl Speoe % gnlahsd CNEnS E-19 +/- TypNDat./Att.) Reof Surfaw Buamam CeSlrq Waaa R.-11 +/- DaNyn letylq - atrw • prneMe Sump_ Pump WaNe poor zetav~t'rer.w Window Typs Donpnsn floor Nons Ape 1Yn.1 StomUSonem Settlement OuteWe Entry Nann,n INTERIOp eter.relert.risuen HEATING KRCHEN EQUIP. ATTIC AMENITIES CAR STORAGE goon Type Refdesrator - Nom greplaoele) il-FACH - None® WeSe - FUN Rsnee/Own 6tNn Patio NONE - Graae tr Cw T d.pa.N - Drop Stair Deck ADtH) An.rre Ba[h Hoer COOLINti dehweeMr Scuttle Porch SD4ERF.D an.gwe enewr~wr CantrN FanMood poor Fsnoe eosin Doan - Other W9orowave Hwtad Pod ~ - Carport s ~+w.ra.....Mwr.~e.rar..aw...krlyrpical for this style, type, age and price property in the area. For steamer hamn or cabin. CwMenr r er tee,.ennnee, ewedetlen krir.lni, e.wewn~, w esa~M, rwWe nw.d. eerM r ewyareYre re.era.yeaw,., wa This home has had Wore than typical depreciation dtts to the leak of regttlar maintenance. The roof has a hole in it and tw one has used the property for years.' Floor plan pravidee average utility, design, end appeal for the neighborhood, and should receive average accsptanne in the market place. AAwr oMwnreel eeMrw Iww ee, Wt eve anited M hrrdwe rent. rwe eub.r.n.., ereJ P,eene M rln 4nwer+nwne, en eve sea w M h bnrllere vkMar r er eueleet erwwYt NONE KNOWN TD TitB APPRAISER The appraiser is not an export in the identificaeion of hasardous substances or detrimental anvirottmantsl conditions. Appraiser's routine inspection of and inquiries about the aub~ect property did not develop any information that indicated arty apparent significant haaardous substances ox detrimental anvirotmlantal conditions which would affect the property negatively. I[ la possible that test and inspections made by a qualified hasardous substance and envirotmlental azpert would reveal the ezistencs of hasardous material and ettvironmantal conditions on or around the property that would negatively affect its value. '. r,.em. u,. twin ~o a-ea Mee, . a.Men M vets o..d.ew.w noel stares nroe +.z _ vfr u Y R, i •~,. a ' Leon D. Gerlach, Appraiser Vdueuoas.attolt UNIFORM RESIDENTIAL APPRAISAL REPORT ~•~• H70921oB ESTIMATED SITE YAIUE .. ...................... ~ ! Commsms w Coet Appfawtf (suoh w etnlrw of ooet ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: wtlmeta, dte vaWe. square foot odoWetlon end for HUD, Ovrellinp 460 8q. Ft. ~ / 35 , 00 - 1 16.100 VA, and FmHA, tM setlmetsd r.mddns wonomlo sfs of CRAWL SPA 460 8q. Ft. f 1 3 1.380 the ProPsrtYl: SEE SKETCH ADDHNDOM p$=yATE SeWRR AND PRIQATB WATBR 6.500 Marshall 6 Swift Cost Service casbined OarepsJCeryoR __ Bq. Ft. e / with the appraisers experience have ToM E^Hmatsd Cwt New ................. ~ / 23.980 been used to arrive at replacement cost Pfiydod Wnotlond External figures. Land value is an estimate tee. 33.00 X ~ based on the limited mtmbar of lot - Depred.tlon 0 _, 7.913 sales in the area. Dspndeted Vdua of knProverwnts ................. ' 6 "M-ie" Velw of Elts Improwmsnu ................ 530 Orsason d 3465 Ritter Highray 316 NcCallistar Chttrch 1123 Centerville Road o.e. «rh, INSPECTION MLS/STEB M8/STSB MIS/STSb er. a, Rn«wMe a«v...«. CASE 0 COM9ENTIONAL 0 C~-SI1 • 0 0 ~u.+. aw Item, cne.t 0 0 - 0 ...«e«^.w~rl„e 09111iL 8PAC6 CMWL SPACE 0 CRAWL SPACB 0 CRAWL SPACE 0 eaeo. t14a or.ae r.,ekrw,ow, -DECK STOOP-PATIO 0 STOOP-REAR 0 STOOP-PATIO 0 - - + 4 + + Aq,Med e.I. hlee «cempweW 0 c«,.nwa anew.c«,y.ten aa,a.vw«.I.ernm«Ir'e e«ro«IUarun. ,.ipearww, «r.l: After a thorough search of all available market data the six sales used are considered to be the best indiaetors of value. All six sales were aonsiderad to be treightad similarly in the final reconciliation of value. Camparablea used era closed sales. Y SIZE -The subject prnparty and comparable sales #1 & ~2 are similar, comparable sales p3 & ~5 era larger and comparable agile ~(4 !a smaller so adjustments were made for the difference in y site sire and usable area. ACE -For this report the first mmlber is the actual age of the property as knasn from information available to the appraiser and the second number is the effective age +j- of the property at the time of the inspection for the subject property and for the comparable properties as of the sales date and estimated from the information available to the appraiser MCS, Tax Assessment etc. AGE 6 CONDITION -Thera is a difference in effective age and condition beriaen the subject property and the comparable properties so adjustments sera made for the differences in affective ages as from the information available to the appraiser from the MLS, Taz Assessment and etc. and adjustment for condition only if the difference can so warrant an adjustment from information available to the appraiser or the appraiser hsa inspected both properties. ROOM COU[T1' -Adjustment for bathrooms only on this line. The other room count difference is normally adjusted itt the square foot adjustment for this report. The difference in room count far bedrooms like, from two bedrooms to three bedrt>~s, does not have any affect on market ~, value because of the number of single parents today in the market place. 3%-~' GROSS LIdING AREA -The adjustments are for the difference in Gross Living Area betrraen the <~~, subject and the comparable sales. The amount of adjustment ie from the market of the ' c ~3`: comparable sales used in this report. it" r%~ GARAGE/CARPORT -Comparable sale /j2 has a one car detached garage so an adjustment was made -a for the era e. .......mom...... ... .-.., m..........~... ...., .,...n-....+..M.~.., .... r.w ... 1 Il~f•7"Prw•rvn ~vY a~.a Leon D. Gerlach, Appraiser v.Iwdon Sp°oe UNIFORM RESIDENTIAL APPRAISAL REPORT Ftle No. H~os2toe FTRHPLACE -The subject property and comparable sale ~6 haw a fireplace and comparable sales ~1, ~2, ~3, ~4 6 rP5 haw none so adjustments sere made for no fireplace. - AL1 other adjustments are self explanatory. If there was no adjustment made it is because the mrket did not ahor an adjustment should be made. The amount of the adjustments are from the om..FMF..row 1974 NONB KNOWN WITHIN 1 YE NONE Rl1QfTN WTT[ISN 1 YR NON6 KNOWN WITHIN 1 YR s.or w M.F.AF. wMl~ r.+w w.~w wwr.s d ry aunrF wrm.+r rM .onr, a Swo w w wq.ei w.F.4.r rM+Y a.nr wiw.r.. r wgre.w..ew.ur w~w..r r...r w eve w swr.r: NO BALE ON TUB SDEJECP OB ANY OP iN6 CONPAEABLB SALES WITHIN TiOi L11$T YEAR. 1706 80EJBCT PEOPSHTY WA8 NOT LIBTSD FOA SAIS AT TUB TIME OF i'H6 1NSPBCTION. S9DICAT~ VALUE BY aAlJ*Jt COMPARISON A1'PROACH .............................................. ~ 77r w.rrYm.F. ~ "rw wpwalrFro+s ,DFFMIMY. rrwewn...w..ww Nlsw •NrFNlwwY.W.FM Fi...r.wew.w.. co++r..F.FF..rrFThL appraisal report has been prepared rith the property in F'as ia~F condition. No pezaoaal property is included in this wluation. Fawe.r~Fa.s.n,Ths Harker Approach 1s considered to be the best indicator of wlue for this type of property and is given greatest vaight ~ this report, The comparable sales are felt to provide reasonably good support for a final estimate of market wlue. The Incaaa Approach vas not used due to the hack of similar type properties rentals and reliable data. The Cost Approach received little weight because it ib more reliable on nav or nasrly new properties. ThF FuNr M WF wJN Y Y r14D,FF Fw mwkr r,hw M Y.F M F.ruFY DW Y tlM wklRl M tl1N hPaF4 Arr w1 UIF Yew aMIdMN11 wF lM rrMer{w, sw~M+,n! MmILLa ..wu^n..r Dw-w .rF. F.n+D.n Fut q www N!r wt.dw FFw. ur F«,. uaF.,.l. Mr iv.w tows TFNra 06-1993 ~. 7eon D. Gerlach, Appraiser, 305 West Shady Lana, Erwla, PA 17025-2240 1 IWEI ESTIMATE THE MARKET VALUE, AS DEPNEO, OF THE REAL PIIOPERTY THAT K THE SUBJECT OF THIS REPORT, AB OF (NIIaCH M THE TE OF INSPECTION ANO THE EFFECTIVE DATE OF TFaS REPORTI TO BE t 24.000 11H11111~b NlelVaDaN /PiMmBllWllY IF IIFDUR~1 FIFrM1w aloFeF~ a.~.*aoa D. Gerl^_~~.OAA.CCEA.PaCOAEA-8368 amn. a~ ~~~ Yr.a nwa o.r n.F., eww 10/8/1997 D,,, ~,,, p~ sue. c./m.wn FGA-b00368-L s.w. PA MwFCMNkwhn F__ w d pw Ueww • A,a Or suFF urr. • w ~.. F..dlw Mw frm 7D !•!] MCl, , pW+Nen M Ap DwM,em,M 111!01 !l7-77FJ P,w Z.7 ~ , •!] Leon D. Gerlach, Appraiser SALES COMPARISOIU AIIIALYSIS File Ne. H709210B M aNwdPeM IW ~.Ald ew rwrr wlr M F.ertln erw WNr rtl PwYn•1. ae rllvet rd M erWlwtl er» N M+mrW rWyW. Thr dw~ryYrt M,4v •!Mw e+uwewM, nee mrW ~1 p Mw. Wen d.4~MWM rMMlrl Uww+.n e1. wp.e~ rd ernprWN wNrIM. N . rpMnnl Nr11In Ilw eerywlN Pwrh' ~ w~ M M Inre I.wrtlY env.. rM. l.P~r.Yr a mYv~ FI .a~ebwie Y ewti, tlv MiwYV h MkNtl r~Fw e1 w6MeC a ..gnelere Ne11111 tl1. errorW,w MWr m. w NM lwwrM tlrM1 tlM rklw{ .~eNr~R Y ~eeee. d++Inaeeeq 1h. Mnhe vdr k rr rgeet. - S30 Oraaaon Ewd 10 Bloaarnilla Road 88 Hilltop Lne 873 Cold. Springs Road or.rww .INSPECTION !IIS/STSB !QS/STSB MLS/STBB ~'~'r~+a CASH 0 CONVENTIONAL 0 CONVENTIONAL 0 K.reaw n..w c.w _ 0 0 - 0 e..nrw a e1Nr.e QRAiII. SPAOE CRAWL 6PACE 0 CRAWL SPACR 0 CRAWL 8PACE 0 11e.n. Ml.w OreN r..ase.e.,ow, PHON'T-DEC& STOOP-PATIO 0 STOOP-PATIO 0 6TOOP-PATIO 0 M1MeaW..a. + - + + - - ~+Few err rne. w e.ewrl. oww eee. «r or. 1 74 NONE ENOWN WITHIN 1 YR NOSE ENOWN WITHIN 1 YR NONE ENOiiN WITHIN 1 YR 1neM fr eAw.Ar MIW11 M d MPeul SES ADDENDON/CONlB;NTS MCe. • OWNL.~ d uv n.........•.-. w~~ eei ~~.. a 1 ~z Leon D. Gerlach, Appraiser Fls No. LenderSesratelli, Schiffman, Hrown 6 Calhoun ADDITIONAL ADDENDUM COMMENTS GENERAL COMMENTS This addendum is designed to simplify the reporting of cooQanta most typically required by lenders to clarify aspects of the appraisal process. As of the data of this report, I, Leon D. Gerlach, love completed the requirements nndar the continuing education progrars of thn Appraisal Institute. 'Phis appraiser has attended the FA1~IE MAE underwriting class on appraisal standards and guidelines to help assure that this report ie in compliance with their standards and guidelines as best ae possible AVERAGE, 83llII.AR, STANDARD &/'OB TYPICAL se used in this report, is that the property is standard for the style, type, else and value for the subject property and/or the comparable galas properties. Every subject property cannot always be compared to "ideal " comparable sales. The appraiser Bust choose the bast soles available fran the search of market information, rhieh meet the best underwriting standards possible. The appraiser has made avnry adjustment of line items on the grids as per the information available from the market data, according to the guidelines established by the professional appraisal association, of which this appraiser is affiliated, the Appraisal Institute. NOTB - The electronic Digital Photos in this report have not been altered in am. way as to change the information of the photos. There is sometimes a need to lighten or darken the photo for clarity only. SITE COMMENTS Subject has a prlvats water eystam and a private septic sgatam which is typical of the neighborhood and does not adversely impact marketability. Tha lack of storm sewers, curbs, gutters, sidewalks, end/or etraet lights is typical of the neighborhood and does not adversely impact marketability. INTERIOR COMMENTS The property's heating, plumbing and electrical systems appear to be functioning properly to the beat of the appraiser's knowledge and expertise. COMPARISON COMMENTS It ie noted that Comparable No(a). 3,4,5,6_ are located more than: ()One mile for urban location. (R) Three miles for suburban location. ()Five miles for rural location from the subject. These comparables sales were selected after a thorough search of the area. They are-located in a neighborhood similar to the subject, and era considered to ba the best comparable sales available at the time of this report. It ie noted that Comparable No(s). 1,3,4,5,6_ occurred over sir months prior to the appraisal date. These comparable sales were selected after a search of the area and era considered eo be the beat available at the time of this report. It is batter to go a little further back in time sometime than to go further away from the subject property. It is noted that soma of the adjustments are slightly higher then normally acceptable for normal underwriting as an ezcess of lOX adjustment pax line item or an excess of 15X Net adjustment for a comparable sale or an excess of 25X Gross adjustment for a comparable sale. This is more normal for this price range property because of the number of properties and the number of sales within the last year and the comparable salsa used are the beet ccmparable sales available to the appraiser at the time of this report. If not noted in this report these higher adjustments are normal for this price range property and do not have atry affect on the present value or the future value or future marketability of the subject property. COMMENTS AND CONDITIONS OF APPRAISAL THIS REPORT WAS PREPARED FOR THE ESTATE OF THE PERSON LISTBD IN THIS REPORT AS AN ESTIMATE OF MARKET VALUE OF THE REAL ESTATE LISTED IN THIS RHYORT AND NOT TO 86 USED BY THE ESTATE POR ANY OTHER PURPOSE AND NOT TO HE USED FOR A LENDING DECISION. DATE: 08/05/1997 APPRAISER: Leon D. Cerlach,CAA,CCRA,YaCGREA-¢368 ram rwe Mce.. d.w, a ~n o...~.wo..w Wool eo7aiea ( t I ~ 1 (` i A t A f EXTERIOR OF SUBJECT SKETCH/AREA TABLE ADDENDUM ex. w.. a~n9zi oa `s aerrow.t~a~~ ,~ KUTULAKIS Peter N. Eetate . ~~~. Prop.rtyllddnxr . ~:,; 530 Greaeon Road air Crnmy s,.n aP aoa. ~, Carlisle Cumberland PA 17013 ': ~ lnd.r Serratelli 5chiffman Brown s Calhoon '?: M; P q ;~ Kitchen O O ac w M 17' ~, 17eck ~; o Living '": T.; a $' ~ ~ 4' 11' ~ r c H scxe ~ men . ~o.oorn AREA CALCULATIONS SUMMARY LIVING AREA CALCULATIONS A': Area NameotArea Size ToWa Breakdown 5uhtotala £, OL.1 Plr.! door af0.eo af0. oo 2a.00 x ll.oo ael.oo A r/P evr.t.d fran! Perep aa.00 aa.ee 1].00 x 1.00 Sx.00 C A L C U ~;. A Tt p, N` S: TOTAL UNABLE (rounded) 460 460 _ nnlr~ini n I ,' Leon D. Gerlach, Appraiser No. L«w..Sertatalli, Bchiffaan, Sram 6 Calhoun , ~ ,wm MP! MC6. , 1)IVl,fen N ACI OMbN.r., 1!001 !!)~))!! COMPARABLE 7~1 3465 Ritter 8lglsn 1fe~t II~tmabox'o lbti 3.0 1QId8 8001780ZS 47,000 39.83 GSH 02/97 1,ieo COMPARABLE ~2 316 ![eCailistar Ch x~rt Vvum~o Tar 1.6 IS71.=8 tiOR'ni6A9 50,000 57.21 CONVYI~IONA1. 05/97 874 COMPARABLE A"3 1123 C~nt~zvilita R Penn Tawn~hip 5.6 lSSLiB 80U11iNSS 83,000 56.61 CASH 11/96 864 COMPARABLE A~4 10 eloeasvilla Roa Nast Panneboto Tour 3.6 MILEB HOR1flN68 28,000 29.91 C118H 11/96 936 COMPARABLE H5 88 Hilltop Lana Nut Yaanaboro SoN 3.4 MILES SOOIHNEB 51,500 50.49 CONVBETIOHi1L 07/96 1,020 COMPARABLE N6 8T3 Cold 3piinge R Meet Paemeboro Toa 7.5 MILES SOUTH 90,000 54.95 CONVENTIClF\L 09/96 728 Leon D. Gerlachr Appraiser DEFINITION OF MARKET VALUE: TM moot probable grits whioh a property ehoukf bring In • oompedtlw and opm market under dl oord{tlora reQUldts toe fdr tale, the buyer end edler, each eoNnp prudendy, knowladpsebly eM aeettminp the pdoe h tat et/soled by undue athtwdrte, hrglidt M tNa dsfldtlon 6 tM ooneummetlon of a Bale ae of a pedflsd date and tM peedrtp of dtle from esfler to buyer under oorrditbm wMreby: (1) 6uysr and edtsr ors typloatly motlvetsd; (21 both pardse sn well Informed er wafl advised, errd seoh eodnp In whet M ooroldsro fife awn Met Interset; (31 • rsaoneble Nrm b aflowed for expown In the open market; (4) pay- ment M mode In temp of oesh In U. S. dotlero or in terms of flnandd erranpemenn oomparabls thsroto; and (S) tM prloe rprseente tM normal oarfderatlon for tM property sold utteffeotsd by epsdd or ersedw flnanoinp or edee oonoesdona • pramd by anyone ee• eodatsd with tM eds. • Adjuetmenn to tM oompardrMe must be made for psdd M oreetlw ihtanolttq or edee oonoesdone. No adjuelrrtems era neosnary for thou ooste wMoh w rrormdly paW by adhn n a rswlt of tradldon or law In a market area; these ooaN ors raedfly Wandfleble ainos the eefler goys these awu In Nrtudltr efl edee trertesotiens. Spedd or oreadw flnsrtoinp sdjuetmsnh can M made to tM oomperabla property by aorttpMsom to flnandnp nm,. offered by • tMrd perry Inetltutlond lender that b not drsady Involved In tM properly or treneaetlon. AaY edjuabnam ehoukl not M adaWetad on a maohedcd ddlar for dells coat of tM Onsndrq or oorandon, but tM dotler amount o/ erry adjuetmsnt eheuW atrProxinrets tM market's roeedon to the flnerrdnp er oonoseebm bawd on tM epp- rdear'e judNmsnt, STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND IIMiTING CONDITIONS: The apprdssr'e oerNfloadon that eppssre in the epprded report la et~aot to the foflowirtp oorditlons; 1. TM apprdesr wlfl not M repore~ls for mattes of a Ispd nature that altect dther tM property bring epprdssd or tM tltle to it. The apprdpr aewmes that tM tltle H peat end marketable and, tMrofon, wig not render erry opidona abort tM dtle. TM property is epp- rdeed on tM bade of h Ddrrp order reepomibla owrwnhpr. 2, TM apprdesr Ma provided • sketch in tM apprdrN repot[ to chow approxknate dkrtsndom of tM improwmmn, and tM dtetah Is Included ody to aerial tM rodsr of the report in viwatl8np tM property end undentandinp tM pprdssr'a detarminetlon of Its dze. 8. TM eppraiter fix examined tM evNleble flood mope that ero proWdad fry tM Fsderd Emerpsrroy Maneysmsnt Apsray for other date eoureeal end hoe rated In tM appreled report wMthsr tM eulrjeot rite le looeted in an ksndlied Bpsdd Hood Hazard Aroa. Beowee the appnber le not a wrwyor, he or eM makes ro puwnteea, sxprsse er Impltsd, regarding tMe determinaNon. 4, TM apprdesr wifl rat plus teeNmorry or appear In overt bwwee hs or she made en epprded of the property In tNesdon, arises epsdfln errarrpamants to do ao hew Men made Mforehend. 6, TM spprdnr ha edimeted tM value of the IaM In tM cost epproaoh et Ih Mph»t eM beet use aM the improvemsnp et thdr ton tdbutory value. TMes eepsrsro veWetlom of tM lend end krprowmantr must not ba aced in eertjunatlon with any other ggrded end ere invdid if tlny ors ae aced. 8. The appraiser Ms noted In tM elrprded sport any adwne oonditlom Isuoh as, needed rpdre, depredation, the presence of hazsr- dwe waetse, toile wbetenoes, sto.) oburvsd during lM Inspaetlon of tM subjsot propsrry or that hs or she Maame ewers of during tM normd rauaroh Involved In perferrdnp the pprdsal. UMeer otherwbs stated In the epprded report, tM apprdesr hse no know- ledge of any hidden or unspparsnt oonditlone of tM property or adorns arn{ronmentd aondidone Qnciudlnp the prasenae of hezardwe weetes, toile eubetaness, ero.) that wetAd make the property more or Ie» valuable, erd hse euumsd that there ors no oath oordiNene end makes no puerentess or werrandes, express or implied, tspardinp the eondliion of tM property. The apprdesr wifl not be report dWe ter arty euah oonditlone that do exlet or for any enpinssdnp or testirq that might be rsQUired to discover whether woh oatditlons extol. Hecwea tM appuiasr Is not alt expert in the flsW of snvironmentd Mzarde, the apprdrN rport must not be eensidered ae en enNronmsntd nseesmsnt of the prpsrry. 7. The appraiser obtelnsd tM Information, eadmates, end opidana [het were expressed in tM epprded report from ewroas that fie or she coneidsro to M rdlaWs and bdiewe tMm to M tnte end aorrset. The appraiser does not assume roeponaibiliry for tM eooeraoy of wch Itame that ware fumiehed by other partlsa, 8. Tha epprdser will not diaclote the oontante of tM pprded report ezoept es provided for in tM UrJfonn StandeMs of Profesdond Apprdsd Praodce. 9. The appraiser Me based Me or her pprded report and vduetfon conclusion for an epprded that Is subject to eedsfaotory oemp• letlon, rspdrs, or dterstlorts on lM eewmpdon that cargrletfon of 1M fmprovamsnts witl be perlormed in a wodtmenflke manner. 10. The apprdesr must provide Ha or Mr prior wdttsn consent before tM lender/client psdfled in the epprded rport con dietdbute the epprded report Ilnoludinp oonoludoM abort tM property vdue, the apprdssr's identity and profesdond dadtptedom, and raHrenoes to any protessiond epprded orpadzetiona or tM flnn with wMoh the apprdesr Is sseocletsd) to anyone otMr then tM borrower; tM mortgagee or Ile eucoeesoro erd seeipm; the monpays Inwrer; ceneWtents; profeselond epprded eryaMZStlone; arty crate or federally approved tinsneid insdtutlon; or any deportment, aQenoy, or Inetrumenidiry of the Udted Statec er any nets or the IXstdo[ or Cdumbla; exppt that the lender/dlent may distribute the prperty deacdpNon sectlon of tM report ordy to date cotleetion or rpordrrq serviaa(s) witMut having to obtdn tM epprdser's prior written consent. Ths ppreiaei s wdttsn aonsent and approvd must riot be obtdned before tM pprdeM con be comroyed by anyone to tM public through advertising, public rdedons, news, selee, or other media, SEE ATTACHED ADDITIONAL OONTINGENT AND UNITING CONDTTIONS ON THE SECOND PAGE TO FOLLOW ra,....n .... ~.-....-w. ~.,....,, m.;s .sm u:e r.a+ r M Z r..r. Mw Fsm ro01a e~ee nnl~lnl n I Leon D. Gerlachr Appraiser APPRAISER'S CERTIFICATION: The Apprdar certifies end aprsa that: 1.1 haw ranarehed tM wblsot madtst ern and Mw edeotad a miNmum of three renm edee of propsrtla most dm9ar end proxknata to tM wblsot property for aonekleratlon in tM edee oampadeen snalyde and hew mds • doper edlustment wMn eppropdate a reMo tM market rseotlon to throe home of dgN9oent vadadon. N a dgNibant Item M • oomparable property M auper- lor to, or more favorable then, the eublsot property, 1 haw mda a mgatlw Wlueiment to reduce tM"dialed aaNs pdoe of tM oomp- asbfe, and if • algNflnm hem In • oomparaWe property le Iniador to, M Ion fswraWe then tM eublaet prepsrty, I haw made • poo- Ithn edNubMm a inersae tM adlwted edee prloa of tM oompereble. 2. 1 haw taken Imo oonsklsndon tM twton that Mw an Impeet on vaWe In my development of eM athnste of market vaWe M tM apprded report. 1 hew not knowingly withheld any dgN9oanl Inlormadon Irom tM epprdW report, and 1 bdisw, to the Met of my knowledge, that a9 atetarmna and Infonnetlon In tM apprded report aro tn7e and corrwl. 3. 1 orated in Ure appnlaal report oHy my own psnond, unWaed, and profeealond andyds, opltrkxte, and tanolualats, wiioh are std7- Isot only to tM eentlngsnt and Nrrritlrrp oonditbnr eped9ed in tMe form. 4. I have ne prossM or prOSpeatlw Mterset in tM property tMt le tM eu6leet to tMs (sport, and 1 flaw na preesnt er prospsodw per- wnd interact or bla with tapaot to tM psrdalpants M tM trargaaNon, i did net bas, e1tMr partla9y or oomplatdy, my andycle end/or tM eetlmaa of market vaWe In tM apprded report on tM roe, odor, rcSglen, cox, harrdiop, famWd ehpn, or natlond origin of dther tM latoep^^tiw owran a ooeupants o1 Nrs wbjsct property a of tM pram[ owmn or ooarpena of tM propsrtia in the ylddty o} tM atrblsot property. S. 1 hew no proant or oomamplated future Mtersst in tM sublsot property, end rrdeMr my ourrom a future employment nor my oomperoetlon for performing this apprded b oontlngsnt on tM apprdeed vdua of tM property. 6. I wee not nrJuired to roport a pradsnrminsd vdus or dirntlon in vdua that town tM oaua of lM eNant or any related Party. tM emoum of tM value atkneta, the ehdrmsnt of a spsd9o naWt, or tM oom7rnnos of a aU7aaquem evem kt order to radw my atxnpemadm mdlor arploymant for per/orating tM apprded. I did not bees tM apprded report on a rsguatsd miNrtam vduadon, a eped8o wluatlm, or tM nod a approve • cWd9o mortgage loan. 7. 1 performed thla apprded In omfemrity with the Udtorm Sterdarde of Profeedoral Appreled Preetlos tMt wen adopted erd pro- mul9eted by tM Apprded StandarM Bosrd of TM Apprded Fourdaden and that wan in plan n el tM dlntlw data of tlris apprded, with ehs exeaptlon of tM departure provtskm of thew Standards, which elves rat apply. 1 sdtnowledga that m atlmete of a rsason- ebic dme for axpeture In tM opm msrket le a oordiUon In the deBNNon of market value end tM astlmaa I davsiopad Is oonsletant witfi tM merkath+g rims noted in tM nalghbortaad rsoUon of thla report, udae 1 have otMnWa eared In the raooralNedon esotlm. 6. 1 hew psnondty Inepsoted tM intador end extedor erase of the tuhJeot property srd [ha eMSdor of eg properNss pared es oompsr- ablee In tM apprded report. I IurtMr artlfy that I Mw noted arty apparent or known dvsra oonditlerr. In the wblsot knprovemena, on tM aubleot dtaor on erry dta within ehs Imnsdists Nddty or tM eublsot property of whloh I em ewers and hew mods edluetmsnte /or [Mee edwns oonditlom in my sndyde of tM property vdua to the extent that 1 had market evidence to fupport them. i Mw dso commented about tM afro[ of tM edvene oorditlom on tM merketebdhy of tM tubleot property. 9. 1 penenelly pnpersd ell ooneludem end opidonr d7orrt ehs red state that wen at forth In tM apprdaN report. If I relied on slg- Ntleent prefesdond essbtmoa from arw individud or Individuele in tM perforrnenoe of tM apprded a tM praparetlon of tM apprefad report, 1 hew named euoh IndiNduel(s) end ditelosed the spadfio taeke performed by tMm in the reoorroNleNon section of tNe apprdsN report. 1 oerUfy that any IryllvMud so named Is attaliNad to partarm tM teaks. 1 haw rwt sutfiorizad srryene to make a ohenpe to any Item in tM report: ihsrslore, of en uneuthodted ohsnge ie made to the apprded report, 1 well take ra rsspomlMlity fro It. SEE ATTACHED ADDTfIONAL CONTINGENT AND LIHITINC CONDITIONS ON TH6 NBRT PA08 Ta FOLLOW SUPERVISORY APPRAISER'S CERTIFICATION: It a superNsory apprdssr dgrrea tM apprdser report, he or she csrUNss and agrees [het: I t9raotly eupervin tM apprdeer wM prepared the apprded report, hew reviewed tM apprded roper[, agree with tM etetemente aM ooncluakma of tM epprdser, agree to be bound by the APPrdeer's Certl9osdone numbered 4 through 7 above, end am [eking fug rapoml6Nity for tM apprelsd end the apprded report. ADDRESS OF PROPERTY APPRAISED: 530 Grea9on Road. Carlisle APPRAISER: Signature: O'~"ytJ/t// /d-'r-~~/[ Nems: Loon D Gerlach GM CCRA PaCGREA-368 bete Signed: 10/28/1997 stets Csrtidoetlm No.: GA-000368-L or State Uoanee No.: State: PA Expiretlon Dete of Csrtifiaatlon or Ucensa: 06/30/1999 SUPERVISORY APPRAISER (only if requiredl: Nome: Date Sigrrad: Stets CerN9oaNon No.: or State Ucartee No.: State: Ex ration Dets of CsrNNceNon or Uoense: Did ^ Did Not inspect the Property frFea. M.e Fpm.ae s-sa MCa, .OMl,lan N ACr ewNny,r,r,y woor ee7.71ea MCe Fpm lC6 v.s. t a t r.w MM fora roo.a e•u na~r~nin~ Leon D. Gerlach, Appraiser ADDITIONAL CONTINGENT AND LIMITED CONDITIONS 11. This report was prepared for the client named in this report and the fee charged was for the preparation of this report only. If the client named in this report gives a copy of this report and/or gives mitten consent to a third party and the third party of this report rants a consultation of this report, with the appraiser, there sill ba a consultation fss to the third party which must be paid prior to am. consultation with the appraiser. 12. The comparable properties data relied upon Ln this report is believed to be from reliable sources, however, it was not possible to inspect the comparable properties aompletaly, and it was necessary to rely on information furnished by others as to said data, condition, therefore, the value conclusions are subject to the correctness and verification of said data. 13. Tha appraiser has inspected, as far as possible, by observation, the land and the improvements thereon, however, it was not possible to personally observe conditions beneath the soil or hidden structural coaponsnta within the improvements, therefore, no raprasentations are made herein as to these sorter: and unless specifically considered in the report, the value estimate is subject to ury suoh conditions that could cause a lose in value. Condition of heating, cooling, ventilation, electrical, plumbing and other equipment is considered to be commensurate with the condition of the balance of the improvements unless otherwise stated. 14. All furnishings and equipment, except those specifically indicated and typically considered as a part of real estate, have been disregarded by the appraiser. Only the real estate has been eonsidered. 15. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the Lnprovements, and the sketch is included only to assist the reader of the report in visualising the propartq and understanding the appraiser's determination of the else. Tha appraiser has examined the available flood maps that era provided by the Federal >Daergancy Management Agency (or other data sources) and has noted in the appraisal report vhather the subject site is located in an identified Special Flood Ilazatd Arae. Because the app=aiaer is not a surveyor, he or she sokas no guarantees, express or implied, regarding this determination. 16. I certify that, to the best of my knowledge and belief, the reported analyses, opinions and conclusions were developed, and this report has been prepared, in confomity with the requirements of the Code of Professional Sthiea and the 6tandards of Professional Appraisal Practice of the Appraisal Institute. 17. I certify that the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 18. As of the data of this report, Z Leon D. Gerlach Nava completed the requirements of the continuing education program of the Appraisal Institute. DATE: 08/05/1997 APPRAISER:i7~7 ~~ v~/"~^ peon D. Qer~ h,CAA,CCM,PaCCREA-4368 1 1 1'S 1 1'1 f I Y ' Leon D. Gerlach, Appraiser APPRAISAL REClIlIREMENTS MANDATED BY FIRREA 1 wrtity that tM eppreted eonlmem to tM UNform atendarda of Profaedond Apprded Pnodoa IU9PAP1 pronedaatb by the Appnied Snndarde Beard of lM Apprded Foundatlon. Ths subjsot ^ Bs1 ®Be noU path far ads, the Uetlna priaa Ie 1 I4/A My estimate of tM rsawmbls markstlnp period of the aubJsot property i^ 3 MONTHS If en approeoh to value wn not used, Ha following h en explamtbn why it wo not eenddsrod. coat: The Coat AtlftrQach tra9 rand for this rpygrt. MarWt: The Market At>oroach ran rued in this raoort. Imotne: Tha Znerwe Atromaeh ras tmt used do to Che lack of sinala fiilY rentals. The apprded asdgnmont ^ Iwol ®iwo mtl hoed on requsetb minNrwm or epsdga wluedon or on the at)Prowl of a loan. I ^ (hew) ®(hew m1 gnandN Inbroet In the loan traneaotlon end do mt atend to 6emflt in arty way from tM vdue plaob on the property. I ^ Ihevsl ®(hew tat) InolrMb • separate esseaamant of peraond property, flxtur», or hdsnpibie hsrta whloh en atuohb to ar Iooatb on tM nd property. These items ^ Ido) ®ido noU effeot tiro market vdua of the red property. Arty orsatlw flmndd or adN conossdom that ere kmwn to the epprdesr haw been bluetb in tM aomperablee of eNe apprahal. In perlomdng tMs apprded. I was not able to review the: N/A Bnort N/A if Inapplioeblsl Ths above Items should be obtdned by the tender when reviewing the epprded report. THe pprded rose done with en "ee le" market vdua. Thin 4 tfw value of the property fn he anrsnt DhWiod oonditlon and wbiaot to the toting In sliest ae of tM currant date of value. 1 certify that I have the appropdats kmwledge and sxpsr{enoa that wet mosoery to oomplsts this esdgrtment. 08/05/1997 Leon D. Gerlach, ,CCRA,PaCGREA-p368 DATE THIS APPRAISAL REPORT IS A LIMITED AND SUMMARY APPRAISAL REPORT DATE APPRAISAL WAS SIGNED 10/2B/1997 DATE THE SDB,I6CT PROPEt<TY WA3 INSPECTED 09/26/1997 The copy of the DEED ras obtained by the appraiser. rocs. ~ o,.,aw, er n:l O~rMq,.....a a'9CI ee)-) l e! I •I 1 J I ~ ~ I I\ I (l I _. _. _. . , Leon D. Gerlach, Appraiser No. BerrowarlCNlnt Hi111IIwKTS. Peter N CRetete) Prowrev Addrllf 530 Oiaallon BoeA _Gtr_SarlLle r•...,..w rS,tnl..,-t n[..1 &n[a PA 21n ~e 170 '0 f..nd.r Serratslli, Schiffman, H=ovll 6 Calhoun _. __- ~..~i,ax 1~~. N.,•a w w.~ r r xw w,w r.. ~~ji~ eel, N.ef NN .-~r.~P. wr N ~ 11ppr11 r IW r.. NwtW ... neaw el,e WN,N nwnlY'teur (1771) eervael Pptip N. ROTUGRyf eM Ndpy O. RVY(ILIJ[If, hle x14 e[ the '•~ttntnehip e[ Wet hnneMw, CueljerleM CoWty, Yneeylwnle bye . y TRONnt M. f1,pC0, • 9ingle ern, e[ Meet haneMm YetlaMlpT Cwb-., erlend County. pemeylrnie,, hnelnlbr culled '. CnN.... - .' Ve1lNtfeml, ew 4 Ten,NxNlr N Ylre rhotleend Nwn Nundred end 00/100 - 1. W.e [N4 IM Nbbl ~b„el h Wrh, r1'MNee41fe rY erNlwe NOS, 700.00) Fllr,, r M,Nt twMe . hle MnW ~~ eM c....y Min cad uelpleT ALL CMt vermin Ynet o! land xlth the ligrowwenb (Moron enemd eliwte In Wet hnnbon 7brnNlp, CwberLld Connty, penll- g1vnA, bounded cad dew[!bM o tellwel epcIMNtNO e! • polo! !n me cenmr e[ • ptlblle reed( et l/lu et LM nox er [oraerly o[ W[wn M. Wrley, rt url tMnee by Me pN9, North f1 dpreu Nast 177.5 [ot ron er lpe m n old tenor et line eL land et Pemr N. NutuLkb, et upl (More by Ne nr In ~ No[N- eeeterly dlteetiOn elollg nid tnN lln9, 773 tNt Ore e[ Seee m e paint e! line e[ lend nex er [erwerly at My M. plbrlgfitl tMnn by the nor, OeuN 70 degnee S7 alnnbe Nee C, 100 [ee! apn er lue m polo( to tM nnmr line of uid reed) Nonce 6y the nrr, fexN 7] de- grees )7 Nlntltee Wet, 19) fort rare or lue to the plow eL p00INN)NC, epING Ne uer property xhlch Guy 0, call wad uNer N. 6w11, h1e alter gnnled oral eenveyed m peter ry, KelnLkte eM'Nery O, Nntulekle, hL vl te, Orenm[e herein, by deed doted dpfll U. if 7t eM neerded - in tM oetloe o[ Ne peeerder et. Gede [or Cuoberlend County 1n Oeed gook ' Vel. , Pege " 5 • ~. ,^.e4 M . Cwnb. Ce. Pn OdrN Off . Ce.6. Ce. a "1( .:' C[TM M,w N,nlx 1. r ii T.q IMM Ir,M,rT ~ •~~1~„ ~,. ~)i ~'~ o.,. e. 4.r, tr\ OM 5 MO a..Nt e~N.eYx.kr r....N «~ err aw dNr eN wh N I4,a vN wow . •_ generally h. e+r«Il1wW r'^n0• . 1001IQ,2$ NAI H88 ir,n MPo MCd. a dNe~rn N dCl WvN.pmA 1900109(•1/(] _:;:.~ ... 1 Leon D. Gerlach, Appraiser File t Lends Sarratalli, 6chiffm~n, B=ovn 6 Calhoun _. _. .._ _. M N1fNlff Ma!•[p, W N..Ir • Y{{ ,ya rl l1N1[ •.,Ia W rN{ N, IN W 1... MN N.,r, ...•1.~. pp YM Fr~.a ~~~ Yw N •!Mn•rlvaal• ~R 6vN d Cu{barlawd 0.N~1v4 M~~A~'~i1.~(. MN NPrll .117. MYnM ' ~..~..5«.yr1 wro.~{...wf {M.«N Pa!{[ P. f{ulal•ki4 and W.r•M.. Ir •.FI,tY.{, w•wN MMMIr.r{yWrwwNa a[• ~NM~M~~~~~•ayv• • Y Y.hr,ry W rl.,.rlN{.1 Nr Ell•r ..•u„I •.., M M •vIr•• MnY 'p^.~.•.LV . M MIME{ Y/IIIMd. 1 W..r• r M N•/ M •I•aJ wa (I~(:yw4f~\uf)r:: 'Ij1 ~' N h11NI•, Nn+r q III• • c ~ M•4[r Publl{ y ~' '~ arii.a, . 1 w I•r M „11•,•„ W M Mia. N*.n i1'... M dltl• •,•N N•.W Y JID J f "N/•~, CImIH/ 4ti. 111 AMmN W ~ A ~ ~ ~ od. ~ ~ ~ ~ a ~ ~ ~ ~~~ 3 aa~ . • mw.oYwplnnor wMfnvNre~ ~ ~ ~ A. O. I~nt/ Y Nr •wWv~y ~•re/p N M .N/ . Y 0•N •wl O . YN. ~.Y~ 1.•. ~Q.~Q. OYm Wr M W W M rd N M wI Mk., M Ix. Nwn vMw. • 1ap025 Nu[ dd3 /rm Mie MC9. • ONIN,n N NCI n[ .•IwT.~ Isool {wale[ r 1 r~ 1 1 -i 1, if .lf f _. . Leon D. Gerlach, Appraiser TA7C MAP PARCHL NUMBER - 46-08-0583-06T --•-~-- _ .__ o.. __-~. w_ / .. .. . J~ '. gS I f - m rr .. ~: ~ as ' .. f,1 ' f r .. ~P .. ` ~~- ~~ ,lasir .~~- ~ ..wl . .. ~• t• fu 1,~,,,,..,_,.....r-~ r ~ . ~: ... ` . ~ ~t~~ nr NY .. ~ i ~ • ~' +. 1tAJ' . •.. • f ~M ., :. Fks -'. ,.r ~•• 1A 1f.tfY ,~• .•~. At tf _. .. - •. • tf ~ w:.~ t~?I ~ ~ , ..~ v~•'• f :e'Uw .~ .. - f • . '. fl.iff M .F..s , ~ N.An" ~=-w; . .... ~ ~~ ... .. ~ ~' '~ ~ .lA ,/, p 4^Y .^ ~ - .K4 ~~ a ~ ~ ~ r N' Mw r N' f ~ + ~`. Er ~ ~ ~ ' ~ , . ~ ~~pp 1 r `1'~ ~ 1 ~1 ' ti Y• ` ~ _ ,.f r i p t, f M p«,.. MP1 Mcs,.o~enw wcl o.•amm+~. repot ea>-•rea ' ~ rS-' 1'1' 1'1' l-1 ~ -. . FLOOD 1fAZARD MAP NUMBER, ZONE, DATE, COMMONITY - 421590-OOSA C 03/04/88 Hest Pannsbozo Tofmshi ~ ' f. • i Leon D. Gerlach, Aanraiser QUALIFICATIONS OF APPRAISER LEON D. GERLACH, CREA, CCRA, PaCGREA-#368 Pa CERTIFIED OENERAL.REAL ESTATE APPRAISER EDUCATION Real Satata Institute of PA, Harrisburg, PA Institute of Real Satate Studies, New Cumberland, PA Harrisburg Area Community Collage, Harrisburg, PA Pemaylvania Association of REALTORS Appraisal I ~ SI Uniform Standards of Professional Appraisal Practice Appraisal of Income Properties Pennsylvania Association of REALTORS Appraisal Courses Z,II,III,IV,V,VI S VII Aa follow Baaica of Appraisal, Real Estate Analysis, Balsa Comparison Approach, Cost and Income Approaches, Appraisal Standards and Ethics, Narrative Report Writing and Introduction to Commercial Appraisal(each 15 firs). Appraisal Institute Courses I110 - Appraisal Principles (39 Nours), I120 - Appraisal Procedures (39 Hours), I210 Residential Case Study (39 Hours), I410 Standards of Professional Practice, Part A (16 hours), II420 Standards of Professional Practice, Part B (11 Hours), II500 Advance Residential Form 6 Narrative Writing (39 hours), Basic Income Capitalisation (39 hours), Advanced Income Capitalisation (39 hours) Marshall 6 6wift Coat Approach - Residential (7 hours) - Commercial (7 hours). Various seminars in real estate appraisal PROFESSIONAL MEMBERSHIPS, DESIGNATIONS AND CERTIFICATIONS Pennsylvania CBRTIPIBD GENERAL REAL ESTATE APPRAISBR Cert /j368 (PaCCAFA-//368) Appraisal Institute as a State Accredited Affiliate (165365241) Appraisal Institute Associate for the MAI (~N932129) National Association of Realtors - Real Estate Appraisal Section Oaneral Accredited Appraiser (GAR) National Assoeiseion of Real Estate Appraisers Senior Nambes: Certified Real.Sstate Appraiser (CREA (/27327) Senior Member: Certified Commercial Real Estate Appraiser (CCRA //27327) Greater Harrisburg Association of REALTORS Greater Narrisburg Association of REALTORS - Appraisal Council 1991 to Present Pennsylvania Association of REALTORS National Association of REALTORS EXPERIENCE Presently: PA Associate Broker / PA Certified General Real 8state Appraiser Real Estate Sales and Appraisals 1985 - PRESENT Over 15 Yaara in the building industry - Ovner of construction company for 10 years and worked for other construction companies in management, as an estimator, and I personally performed all types of erork on residential and commercial properties. APPRAISAL EXPERIENCE Appraisal for the purpose of first and second mortgage. loans, buyers, sellers, property settlements, litigation, estates, employes transfers, vacant land, special purpose, apartments, multi-family, commercial, as wall as single family residential have been made in the folloo-ing Counties of Dauphin, Oumberland, Perry, York, Lebanon and parts of Adams and Lancaster. Other Coutties only on special request. Raviev of various appraisals. PARTIAL APPROVED AND COMPLETED ASSIGNMENTS LIST Resolution Trust Corporation Internal Revemie Service U.S. Department of HUD / Property Disposition Branch Cosmumwealth of Pemsylvania Department of Transportation For several different Boroughs and Townships West Shore Teachers Federal Credit Union Serratelli, Schiffman, & Brown Attorney and several other Attorneys PNC Bank Dauphin Deposit Bank Heridian Bank Mellon Bank Commerce Bank Fulton Bank Farmer Trust Bank First National Bank of Marysville Mid Penn Bank Dauphin National Bank Blue Ball National Bank Pennsylvania National Bank Keystone Financial Mortgage Corporation CMAC For other attorneys and lenders not listed also for many property owners REV-teaExl(1-e~ SCHEDULE C CLOSELY-HELD CORPORATION, °D"" N°H"'"iar~Er~ "REr"u'~iiw""'" PARTNERSHIP or SOLE-PROPRIETORSHIP ESTATE OF PLrTIIt li. 1CIITUI,AICIS FtLEt~UMBER (M mare apace k needed, frteen addWonal sheets of rtt tams siee) covf+~e (e) teW form aoftwara ordy p'aritMr. Mo. Farm RL"Y-7~4 !7((Mv. t-i71 schedule C-, a C-a pneY,dtig ar supportlrg kHom,ayw,l must be atfaeh.d for each ebssly-held aorporatloNpareterehtp knerest of the deceam, other than asole-proprleloreltip. See Ir~stta:Yone for the wpporlkg k-fonnalbn to be subrtYged for eok-P-oprirbrshgs• SCHEDULE C-EZ Net Profit From Business onneNO.,saS-oo~a .(Form 1040) _ (Sole Proprietorship) ~ 995 Department ct the Trnae,ry - Partnerships, JOlnt ventures, etc., must file Form 1065. Intarr,al Rsvenus Sarvke - Attach t0 Form 1040 Of Form 1041. - See instrueUons on bade. s:a ehrme. Na 09A Name o1 prcplet« saeiar eeerlq,,,a„p~~ PETER N. KUTULAKIS 208-26-3096 '~H~Nt~# Generallnformation • Had (yoss receipts from your business You May l1aE of 525,000 ar less. This Schedule • Had business expenses of 52,000 ar less. Only If You: ~' Use the cash method of accrotlntlng. • Did not have an inventory at any tlrne And You. during the year. • Did not have a net loss from your business. • Had only one business as a sole proprietor. • Had no employees during the year. • Are not required to file Form 4562, Depredatlon and Amortlzatlon for this business. See tl,e instructions far Schedule C, tlrNr t3, on page C-3 to find out if you must file. • Do not deduct expenses for business use of your home. • Do not have prior year unallowed passive actlvKy fosses from this business. A Principal business of profession, including product or service ~ B Enter prindpal business code CONSULTING ~ see . C-6 - 7690 C Business name. If no separate business name, leave blank. D Employer ID no. (EIN), if arty CONSULTING SYSTEMS E Business address (ncluding sulfa or room no.). Address not requtred if same as on Form 1040, page 1. 150 SOUTH COLLEGE STREET City, town or post office, state, and ZIP code ~:~t>`.lls~ Figure Your Net Profit 1 Gross receipts. If more than 525,000, you must use Schedule C. Caution: If this income was reported to you on Form W-2 and the'Statutory employee" boz on that form was checked, see Statutory Employees in the instructions for Schedule C, line 1, on page C-2 and check here .. - ^ 1 3 , 5 0 0 2 Total expenses. If more than 52,000, you must use Schedule C. See instructions ............................. 2 5 8 5 3 Net profit. Subtract line 2 from Gne 1. If tens than zero, you must use Schedule C. Enter on Farm 1040, Itne 12, and ALSO on Schedule SE, line 2. (Statutory employees do not report this amount on Schedule SE, Ilne 2. Estates and trusts, enter on Form 1041, line 3.) ........................................................ 3 2 , 915 BJ'11lt'=`< {nformation on Your Vehicle. Complete this part ONLY if you are claiming car or o-uck expenses on line z. 4 When did you place your vehicle in service for business purposes? (month, day, year) - 5 Of the total number of miles you drove your vehicle during 1995, enter the number of miles you used your vehicle for: a Business b Commuting e Other 6 Do you (or your spouse) have another vehicle available for personal use? ............................................ ^ Yes ^ Ho 7 Was your vehicle available for use during off-duty hours? ... . ..................................................... ^ Yes ^ No 8 a Do you have evidence to support your deduction? .............................................................. ^ Yes ^ No b If "Yes,"is the evidence written? ............................................................................ ^ Yes ^ No For Paperwork Reduction Aet Notice, see Form 1040 Instruc0ons. Schedule C-Q (Form 1040) 1995 SCHEDULE G-EZ (Form 1040) Oeparlment or the 7reaslr}r Interlfal Rwsnue Servke Net Profit From Business (Sole Proprietorship) - Partnerships, )Dint ventures, etc., roust file Form 1085. - Attach to Farm 1010 a Form 1047. - See instructl0ns On back. OMB N0. 1645-0074 ~sss Attxhment Sequence No. 09A Name of praprbtor - _ Sao~eenrilynae~~ PETER N. KUT'ULAKIS 208-26-3096 "" ' ~ General Information e Had business expenses ~ 52,500 You May Use «less. This Scbedute • Use the cash method of axouMing. Only If You: • Did not have an inventory at any tlme during the yam. • Did not have a net loss tom your business. • Had only one business as a sole Proprietor. And You: ~ Had no employees during the year. ~ Are not requred to iNe Farm 46e2, Depredatlon and Amortlzatlon, f« this business. Sea 0te instructions for Sctledtrle C. Noe 13. on Page C-3 to find out tt you must iNe. • Do not deduct expenses t« business use of your home. • Do not have pri« year unaNowed passive actlvHy losses from this business. A Principal business « profession, including product «setvll;e 8 Enter principal business code CONSULTING sea . C-6 - 7690 C tusiness Hama It no separate business name, leave blank. D Employer ID no. (EIN), If any CONSULTING SYS$EMS E Business address (including suite «room noJ. Address not required if same as on F«m 1040, page 1. 150 SOUTH COLLEGE STREET City, town « past office, state, and DP code CARLISLE, PA 17013 ..fi~Yla~t~?l::< Figure Your Net Prom 1 Gross receipts. Caution: If this income was reported to you on Form W-Z and the "Statutory employee" box on that f«m was checked, see Statutory Employees in the instructions f« Schedule C. tine 1, on page C-2 and check here .. - ^ 1 2 , 5 0 0 2 Total expenses. If m«e than 52.500, You must use Schedule C. See instructions ............................. 2 5 8 5 3 Net proof. Subtract line 2 from line 1. If Iess than zero, you must use Schedule C. Enter on Form 7040, Iine 12, and ALSO on Stdtedule SE, IMe 2 (Statutory employees tfo not report this amount on Schedub SE, Iine 2. Estates and trusts, enter on F«m 1041, tine 3 . ................................................ 3 1 915 •';a~t'°:t.IC>: Information on Your Vehicle. Complete this part ONLY if you are claiming car « h~uck expenses on Nne 2. 4 When did you place your vehicle in service f« business purposes? (month, day, year) - 5 Of the total number of miles you drove your vehicle during t998, enter the number of miles you used your vehicle for. a Business b Commuting c Other a Do you (« your spouse) have another vehicle avaiable t« personal use? ............................................ ^ Yes ^ No 7 Was your vehicle available f« use during otf-duty hours? ......................................................... ^ Yes ^ No a s Do you have evidence to support your deductian? .............................................................. ^ Yes ^ No b if "Yes." is the evidence written? ............................................................................ ^ Yes ^ No For Paperwork Reduction Aet Notice, gee F«m 1040 instruetlons. Schedule C-t~ (Farm 1040) 1896 • ~ ~1 ~ REV-1608 E%a (i-i7) SCHEDULE E COMMONWEALTHOFPENNSVLVANIA CASH BANK DEPOSITS, & MISC. INHERITANCE7AxRETURN PERSONAL PROPERTY ESTATE OF PETER N. 1CCITULAICIS Fltg NUMBER - IrN:Nide the proessds of~Yon and the date the proceeds were received by the estate. Alf property )Dimly-owrad wNh right oT survivorship must be dhKbsad on k F. ITEM VAt.UE AT DATE NUMBER DESCRIPTION OF DEATH 1 Corestatas Bank Chocking Recount No.: 0032421237 4,890.22 2 Corestate• Bank Savings Recount No.: 8264596301 701.59 3 Dean Witter Reynolds, Inc. Recount No.: 410-042343 133.80 4 Final Pay - Payment made directly to Estate 7,010.21 5 Final Pay - Payment made directly to spouse 5,000.00 6 ?iellon Bank Personal Checking Recount No.: 884-014-2650 22,47 7 Cooperative Rpartment 433 East 51st Street Rpt. G-8 New York, NY 10022 Sale Price - Sw attached closing documents 160,000.00 8 Personal Property See Rttaahed Rppraisal 2,860.00 9 R11State IASUrance Homeowner's Insurance Refund 21.63 10 Conference Reimbursemeat 2,531.34 11 Coaterenoe Reimbursement 16.51 12 TIRR/CREF (Retis'ement Payment refundJamouat received after death) 388.37 13 The Dickinson School of Law (Excess Social Security Contributions) 908.68 (N more span k ttMded, iMSn addfYorui sheets of the same eke) Covyrpht(s) iee~+a~.ohvw.c~ry CPSyrM~m, Mo. Fa~ni REV-i~J08 EX (Rw. ~-sn ~~ FROMME SCHWAftTZ NEWMAN ~ CORNICELLA, LLP MARTM D. NEWMAN • COUNSELORS AND ATTORNEYS AT LAW PAUL F. PERAGRJE ERIC F. FROMME DOUGLAS L FROMME PEl'FJl A SCHWARTZ ANTHONY 1. CORNICFLA DAVID & HIRSCHHORN SUSAN R BAUMFl •' DAVID 8. TENDLER clRO DE SIMONE May 28, 1998 nulaiAFl. s. RosENBIATr cour+sFJ. r`~; :' .. .. j:.- -~ ~, ._ ..; THE WOOLWORTH BUILDING 233 BROADWAY ~ SUITE 2702 NEW YORK N,Y. 10279-2 79 9 TELEPHONE(212) 267-8100 FACSIMILE (212) 408.222 • ALSO R~MlER W BAR • A130 MB.YER OC !AR ALSO AffAYFR CT !AR • ALSO MFMIPJt w eAR VIA FEDERAL EXPRESS ~ Thomas M. Place, Esq. \ The Dickinson School of Law 150 South College Street s• Carlisle, PA 17013 ~ Re: Estate of Peter N. Kutulakis t ~ 9~, ~ i ~l e ~ n Dear Tom: ~ ~ ~ ~ _ Enclosed herewith please find a check, payable to the order of the Estate, in the amount of $3,575.43 representing 'the net proceeds due the Estate inclusive of interest earned on the Contract Deposit~in the amount of $76.12. ~ i Please note that there was one additional expense incurred by the Estate ~ ~Y at Closing, as a result of one air-conditioner that was not included in the sale, in the amount of $125.00. The Contract of Sale provided for two (2) air-conditioners, ~ ~~ however, I was advised that one of the air-conditione s was actually Doug Gibson's and, therefore, not for sale. The Purchaser wanted an a ~ tment of $750.00, however, I negotiated that d.4wn to $250.00 of which half was paL ou '' n__ Lastly, I will forward a Closing Statement to you ear y- next-weep---~ In the meantime, should you have any questions or comments concerning the within, please do not hesitate to contact me. Enclosure cc: ~ Martin D. Newman, Esq. p.~,:~~~,.o.k~M,br,vn,.,,~L~.. i u Very truly yours, .~ ,.~ . ,> 'Paul . Peragine,i'~ -- Sent By: FROMME SCHWARTZ NEWMAN 8 CORNICE;212 406 2222 ; Sep-17-9B 11:16AM; Purchase Price S 160,000.00 Coatract~Deposic A.ir-Conditioner Adjustment Maintenance Adjwtment 148.94 S 160,148.94 Balance Due Seller S 144.023.94 Balance Due Seller Paid as Follows: Pege 3/4 ;, ~jtd1CS - S 1b,000.00 125.00 - S 16,125.00 1. Bask check, drawn oa Commercial $ank of New York, payable to the order of Robert janicki, in full payment of Seller's financing ................................. S 127,598.25 2. Bank check, drawn on Commercial Bank of New York, payable co the order of Turtle Bay Realty, in partial payment of the brokerage commission (balance of brokerage comcaission was paid from proceeds of Contras Deposit escrow) ...................... 6,550.69 3. Bank check, drawn on Commercial Bank of New York, payable to the order of Douglas Gibson, in partial payment of _ amount due pursuant to a Settlement Agreement (balance was paid from proceeds of Contract Deposit _ escrow) ..............................................l0,DD0.QQ S 144,148.94 - Less: Reimbursement to Purchasec for airaoaditioner credit 125.00 3 14q,0_~ 94 3 RECEIVED TiME5EP. 17.. 11:14AM -. - - Sent By: FROMME SCHWARTZ NEWMAN 8 CORNICE;212 406 2222 ; Sep-17-98 11:16AM; Rage 4/4 1. Brokerage Commission S 9,600.00 2. New York City Transfer Tax and Filing Fee. 1,625.00 . 3. New York Stare Transfer Tax 640.00 4. Estate,Legal Fee 4 199.28 '"> 1 '~f' S. Managing Agent Legal Fee g00,Op 6. Dr. Janicki's Legal Fee 500,00 1 7. Douglas Gibson Settlement 11,846.66 8. Air-Conditioner Adjustment j ~ ~ Tocal Expenses . , , ~_~9~ , ,,.; - -r: 1 , 4 RECEIVED TIMESEP. 17. -11:14.AM . Sent ey: FROMME SCHNlARTZ NEWMAN & CORNICE;212 406 2222 ; Sep-17-9fl 11:16AM; Pege 2 ATTENDANCE SHEET CLOSING DATE: May 17, 1998 CLOSING PLACE: STIEFEL & COHEN 770 Lexington Avenue ' New York, New York' SELLER: SELLER'S ATTORNEYS: ESTATE OF PETER N. KLITULAKIS By: Paul F. Peragiae, Esq. As Attorney-ia fact FROMME SCHWARTZ NEWMAN & CORNICELLO, LLP ' By: Paul F. Peragiae, Esq. SELLER'S LENDER'S AT'T'ORNEY: PURCHASER: PURCHASER'S A170RNEY: MANAGING AGENT_ TENANT: BROKER: PETER WEIR, ESQ. THEODORE L. HERMAN MICHAEL SLLITSKY, E5Q. AMERICAN LANDMARK MANAGEMENT CORP. By: Stiefel & Co6ea By: Vida Wallace, Esq. DOUGLAS GIBBON TURTLE BAY REALTY INC. By: Mark Vaaderheiden . 2 RECEIVED TIMESEP,17. 11;14AM JOHN T. ENSMINGER AUCTIONEER and APPRAISER 302 Fireside Drive, Camp Hill, PA 1 701 1-1 421 Phone (717) 763-9779 FAX (717) 541-9444 Steven J. Schiffman, Esquire 2080 Linglestown Road Harrisburg, PA Dear Sir: May 5, 1998 Re: Estate of Peter M Kutulakis At the request of Jason Kutulakis, I have appraised the property of the late Peter M. Kutulakis. This property is located in a storage shed on the property at 411 Barnstable Road, Carlisle, Pennsylvania. The values shown have been arrived at after careful inspection and I believe that they reflect a fair market value as of this date. ~~~~~~`~ ~~,~~~~v Fair market value is defined as being the most reasonable or probable price in terms of money which real or personal property will bring in an open _:.: and competitive market under all conditions necessary for a fair sale, the buyer and seller each acting in a prudent manner and assuming the price is not affected by undue stimulus. Taking into account the prices listed on the following page, it is the opinion of the undersigned that the fairy market value of .the property is $2,860.00 (Two Thousand Eight Hundred-Sixty Dollars). Employment in and compensation for making this appraisal are in no manner contingent upon the values reported and I certify that I have no financial interest in the property appraised, present or contemplated, Veny truly yours, ~~~. '~~ John T. Ensminger Personal Property - Peter M. Kutulakis Horse Fair - lithograph $125.00 Fox Hunt 75.00 Trova print 25.00 3 framed 21x35 Monet repos 300.00 3 pc living room suite 100.00 Tea wagon 150.00 Microwave 40.00 Pair of•kitchen armchairs 40.00 Washstand 175.00 Oak rolltop desk 650.00 Wall cabinet 75.00 Oval mirror 20.00 Square mirror 20.00 Schoolmaster's desk 300.00 Pair of andirons 20.00 Magnavox TV 25.00 Wing chair 50.00 Microwave stand 30.00 Pair antique rushbottom chairs 300.00 Bureau 300.00 Oak office chair 40.00 Total 2,860.00 JOHN T. ENSM INGER AUCTIONEER and APPRAISER ' 302 Fireside Drive, Camp Hill, PA 17011 Phone (717) 763-9779 ......................... M ay.. 5 ,............193 8~ ....... . To .............$~~X~4. J.t. Schiffman.,. Esquire.....................................:......... ......................... ............2A8A..l.ac~gJ.e~~wt1. Road ................................ ............... ... .................................... .............Ha rx i. sh ur9 .~ . P.~l ...........:......................... , ........................................................... . ............................................................................ ...................................................... Estate of......P.etex'..h.1..X111:4?.~k? s ............................................ . ' .............................................. .............................................................................................................................. ............................................................................................................................... . Appraisal Services Real Estate ~ $ ...................... per parcel $.......................... Personal Property 125.00 ........................ Total $125•..OD ................ - REV-7610EXh(1-Y7) SCHEDULE G INTER-VIVOS TRANSFERS & COM~Ep~ NC ~AXpEn NAND MISC. NON-PROBATE PROPERTY ESTATE OF PSTER N. RUTDL~l1CIS FlLE NUMBER - This seheduk muu be canplebd and Nkd N the answer to any of questions 1 through 4 on page 2 k yes. NUMBS REU~i~ NT A E Tq NBFER. DATE OF DEATH VALUE OF ASSET DECD'g INTEREST EXClUS10N IF APPLICABLE TAXABLE VALUE 1 Bank of New York Checking Account #6300873322 In Trust for Douglas Gibson 51.60 100 0.00 51.61 2 Bank of Naw York Priority Savings Aoaouat #6371220834 In Trust For Douglas Gibson 11,938.19 100 3,000.00 8,938.15 TOTAL (Also ergar on Nne 7 RacapiWlatlonl I i 8 989 79 (If more space is needed, insert addNbnal sheets of the same sire) Copyrleht (c) tse7 ronn.onw..• oriy CPeytN~, Ine. Fone REV-1510 EX (Rw. t-e7) REV-1611 EX+(1-e/) ESTATE OF PETER N. SCHEDULE H FUNERAL EXPENSES 8 ADMINISTRATIVE COSTS FlLE NUMBER Debts of decedent awst 6e raporMd on St~aduk 1. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: '-' 1 Cumberland Valley Iiemorial Gardens 1,480.00 2 Hoffman-Roth Funeral Home 1,626.81 B. ADMMNSTRATIVE COSTS: 1. Personal RepresenmWe's Camir~alons Name Of Personal Represantafirs(s) Sodm Scarily Nurnbr(s) / EIN Number of Personal Representative(s) - - Stroet Address CKy Stns ~p Year(s) Cornn>issbn Paid: 0.00 2 AaornayFees 8,000.00 3. FamYy Exemptlen: (If decedera's address k not the same as clairtanCs, attach explarwgfon) Cktrrurn ?Lary D. 1Cutulakis 3, 500.00 Street Address 411 Barnatablg Road Cagr Carlisle State PA Zip 17013 RNatbrtsFAp of ClairwK a Decedent Wife 4. Robots Fees 105.00 5. Aczaraar+Cs Foss 0.00 6. TaX Rttwn Preparer's Fees 0.00 7 Leon Gerlaah, Appraiser Real Estate Appraisal teas 1,375.00 8 Cumberland Law Journal Estate Advertisement 60.00 9 Delaware Secretary of State Corporate Dissolution and Franchise Tax 126.00 10 John T. Ensminger, Personal Property Appraiser 125.00 Total acellaneous a noes from continuation a q s 29 102.69 TOTAL Gim ~nrr m IMw o a...... d.r....l c ~ e e n n ~kti1 k1 +~ rq~.~.`. (amore spec. k needed, insert sddiYonal s1leels o(the same ske) °~~~~'~". Fenn REV-1511 EX(Rw.1-e>7 SCHEDULE H MISCELLANEOUS EXPENSES (continued) ESTATE OFs PETER N. 1CUTULAICIS ITEM NO DESCRIPTION 11 Pennsylvania National Bank Check Charges 12 Rsal 8state Coats of Sale Now York Co-Op Sae Attached Closinq Sheet 13 The Sentinel Estate Advertisesaent FILE NUMBER: - AMOUNT 18.45 29,035.94 48.30 Total. (Carry forward to gain ^chedule) $ 29,102.69 REY- 761Y EX a (1-Y7) SCHEDULE I DEBTS OF DECEDENT, ESTATE OF PETER N. 1CUTULAKIS RLE NUMBER Include unreNnbursed medial expenses. ITEM NUMBER DESCRIPTION AMOUNT 1 Bloomingdale's Visa Account No.: 4308-5110-2011-2774 2,477.94 2 Corestate• Bank Personal Loan X2001381868 20,224.07 3 Stephen Angle, CPA Individual Accounting Fees 541.40 4 Carlisle Hospital Services rendered October 24, 1996 45.00 5 Thoma• H. Place Amount Owing Per Agreement of Sale 505 Barnstable Road Carlisle, PA 17013 33,023.74 6 Blocs~ingdale' e Account No.: 500-09-653-02 1,232.28 7 American Express Account No.a 3729-609431-54000 956.75 8 American Express Account No.s 3728-338442-31005 7,515.21 9 Ballon, 3to11, Bader i Nadler, P.C. Attorneys Fees Rendered res purchase of New York property 1,540.35 10 Capital Tax Collection Bureau 1996-1997 Carlisle Area School District Delinquent Personal Taxes 697.40 11 Cellular One 26.82 In more space ii needed, inert addWonel sheelc of the same she) Copyrleht (o) we7 hrwe,.on...r. oriy CPaytNnN, arc. Perm REV-1!i@ EX plw. i-es) __ scHEDULE I , DEBTS OF DECEDENT, MORTGAGE LIABILITIES AND LIENS (continued) ESTATE OFs PETER N. RUTULAICIS ITEM NO DESCRIPTION 12 Carol Hsly (Vet Bills - Horse) 1/2 of Joint Debt owed for horse (Milo) jointly owned with Spouse 13 Chex Systems (Mallon Bank) 14 The Farmers National Bank of Newville (1/2 of Joint Mortgage Obligation-411 Barnstable Road, Carlisle, PA) 15 Fraame, Schwartz, Newman i Cornicello, LLP Attorney Fee - Purchase of New York Property 16 Mellon Bank Psrsoaal Loan Account No.s 418-4002740 17 Montgomery Ward Account No.s 223 604 463 18 Optima American Express Account No.s 3737-407874-73008 19 David Rana, M.D. Promissory Note 20 Pennsylvania Power i Light Company Account No.: 521 7511 205 Service for: 7 Chapel Avsnua, Carlisle, PA 17013 FILE NUMBER: - AMOUNT 358.38 614.41 61,924.21 354.95 24,337.13 1,870.58 1,819.43 10,000.00 86.59 Total. (Carry forward to main schedule) $ 101,365.68 SCHEDULE I _ DEBTS OF DECEDENT, MORTGAGE LIABILITIES AND LIENS (continued) ESTATE OFs PETER N. 1CUTULARIS g=LE ~BER= _ ITEM NO DESCRIPTION ~~ 21 Pennsylvania Powr i Light Company Account No.s 524 5546 720 Service Fors 505 Barnstable Rd., Carlisle, PA 17013 4.58 22 Reader~^ Digest Account No.s 10896 75118 20.96 23 Robert S. Janicki Secured Loan New York Property 127,598.25 24 Sears Account No.: 54 84065 92297 4 647.20 25 Sprint Final Phone Charges 92.48 26 TV Cable of Carlisle Subscriber No.s 50-01-0010091-7 9.55 27 Darlene Moyer, Tax Collector 1997 Borough of Carlisle Personal Tax 11.00 28 Mellon Bank Mastercard/Visa Account No.: 5256011011951941 4,008.40 29 Mellon Bank Viaa Cold Aacotsnt No.: 4777953000146251 6,283.85 30 Young, Conaway, Stargatt i Taylor, LLP (Service Rendered - Consulting Business) 110.00 Total. (Carry forward to main schedule) $ 138,786.27 r ~/" i . , 1 AGREEMENT OF SALE t~ MADE THIS ~_ day of , 1996, by and between 3'IEI!<4MAS M. PLACE, 530 Greason Road, Carlis e, Cumberland County, Pennsylvania, .(hereinafter referred to as "Seller") and PETER N. KU'I'ULAKIS, 7 Eas[ Chapel Street, Carlisle, Cumberland County, Pennsylvania, (hereinafter referred to as "Purchaser"). NOW THIS AGREEMENT WITNESSETH, that the parties herein, for and in consideration of the mutual covenants contained herein, and intending to be legally bound, hereby agree as follows: 1. Premises Sold. Seller a~reer to sell to Purchaaer, who Rgreeu to ptxrehasa then rant eatata located at 505 Barnstable Road, Carlisle, Cumberland County, Pennsylvania, together with a home and all improvements situate on said property, the property more specifically described as follows: All that certain tract of land with the improvements thereon erected situate in West Pennsboro Township, Cumberland County, Pennsylvania, bounded and described as follows: BEGINNING at a point in the center of a public road; at line of land now or formerly of Herman M. Hurley, et tcr; thence by the same, North 74 degrees West 137.5 feet more or less to an old fence at line of land of Peter N. Kutulakis, et ux; thence by the same in a Northeasterly direction along said fence line, 375 feet more or less to a point at line of land now or formerly of Ray M. Albright; thence by the same, South 20 degrees 52 minutes West, 100 feet more or less to a point in the center line of said road; thence by the same, South 72 degrees 37 minutes West, 297 feet more or less to the place of BEGINNING. BEING the same property which Peter N. Kutulakis and Mary D. Kutulaltis, his wife, by their Deed dated April 22, 1974, and recorded in the Office of the Recorder of Deeds in and for Cumberland County in Decd Book O, Vol. 25, page 888, granted and conveyed to Thomas M. Place, mortgagor herein. 2. Purchase Price. Purchaser agrees to pay and Seller agrees to accept as full consideration for the premises, the sum of Thirty-Four Thousand Dollars ($34,000.00) payable as follows: Page 1 of 3 Pages -- .~ A. $253.57 payable to Seller on the first day of each month beginning September 1, 1996. Seller agrees to use this payment to pay the principal and interest on the outstanding mortgage on the property. B. The balance which shall consist of the purchase price less payments made on the 5 h o~u0 principal during the period of the contract shall be payable on August 1, 1977. -~ ~ ~ 997 Upon full compliance with the terms and provisions set forth herein, Seller agrees to execute arxi deliver to Purchaser a deed for said premises. 3. Taxes and Insurance. Purchaser agrees to pay taxes and insurance on said property during the period of this contract. 4. Personal ProAg~. All existing plumbing, heating, lighting fixtures, kitchen appliances, installed carpeting and fixtures are included without warranty in the purchase price. 5. Use of Property. Purchaser shall have full use of property including making improvements or alterations in the property during the period of this contract. 6. Risk of Loss. Purchaser shall bear risk of loss from fire and other casualty. In the event of damage to the proporty by fire er other caayatty, any Insurance proceeds Seger receives from insurance on the property shall be applied to the purchase price. The Purchaser is purchasing and accepting the property as is. It is understood that these terms constitute the whole Agreement between the Seller and Purchaser and there are no other terms or conditions concerning this transaction. These terms cannot be amended except in writing, signed by the parties. 7. Aecj¢~ent. This A~rcement will Ix; hinding upon the resreclive heirs, executors, ~idministrators, successors of the parties hereto. Page 2 of 3 Pages ~~ ~ ~ . 8. Tn the event that Purchaser violates any of the terms of this Agreement, the sums paid by Purchaser which have been applied to the mortgage may be retained by Seller as rent or liquidated damages for such breach. Purchaser shall then be released from further liability to Seller. IN WITNESS THEREOF, the parties herein intending to be bound legally hereby set their hands and seals. Seller: ~ ~ ~ ~~~~ .. witness Purchaser: Witness Page 3 of 3 Pages ~ . ~ ) REV-161.1EXi(1-e71 SCHEDULE) BENEFICIARIES ESTATE OF PETER N. RIIT[JLARIS FILE NUMBER RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSONS RECEIVING PROPERTY Do Not Ust T s OF ESTATE I. TAXABLE DISTRIBUTIONS QncM~ds outright spousal dk>ributlons) 1 Nancy Roberts Friend 0.01 342 W. 21st Street, l~lpt. 3B New York, NY 10011 2 Jason P. Rutulakis Son 0.01 411 Bamatable Road Carlisle, PA 17013 3 Nary D. Rutulakis Surviving Spouse 0.01 411 Bamstabl• Road Carlisle, PA 17013 R T .1 R 17 RIA 1 R ET 11. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GONER4~MENTAL DISTRIBUTIONS None TOTAL OF PART II - E R AL NON-TAXABLE DISTRIBUTIONS LN~E 13 OF REV 19DD COYER SHEET 0.00 (If more space k needed, Msert addWorW sheds of the same siu) C.FyrgAt (o) Asa farm wttww anyr aray.w.., Ur. Form REV-iS13 EX (Rw. ~-nl ~°~ ~ Y.~wiar ~do~ AQ ~~U~s~{~ d^`~ aYwv .:~ '. . a et W t~. 1 rx. p~+~r\rx u+ yngt .q J! ~ 5 ~i~ ! `~ ~,Q~~ P°~ 8k. ~f i ~ G t ti,. ~ i~; ~ i,Qit~ e r i; ~ u ~,. t i h ~1, r y 4 ~ R~~R~ ^y.' .~ ~ ` ~; v ~r 1 Y' pct :. ~ ,i v~.v.'_ r`I a _ ~. ,b _ I~r' t .l ,~~'. Register of Wills of CUMBERLAND County, Pennsylvania Certificate of Grant of Letters No. 1997-00716 PA No. 2197-0716 ESTATE OF KUTULAKIS PETER N Late of CARLISLE BOROUGH Deceased Social Security No. 208-26-3096 WHEREAS, on the 26th day of August 1997 an instrument dated November 9th 1992 was admitted to probate as the last will of KUTULAKIS PETER N late of CARLISLE BOROUGH , CUMBERLAND County, who died on the 5th day of August 1997 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, MARY C. LEWIS , Register of Wills in and for the County of CUMBERLAND in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to THOMAS PLACE who has duly qualified as Executor(rix) and has agreed to administer the estate according to law, all of which fully appears of record in my Office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYLVANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my Office the 26th day of August 1997. ~.. i **NOTE** ALL NAMES ABOVE APPEAR (LAST, FIRST, MIDDLE) e T Mnl M1 a i is \ i~SY'a v~l W .e, :n i r~, A ~ ~ X ~ lM1"^~ N ...,~ 1 3+ ~, ~~7J `x~u°!~n`~~} ~:. t ~, p !k'~ wJ~~ ~'( 4) {~q~yryrr ~~~1JRp~~Jyp, 'b''D'p 7 ~tx n 3 ~= t y~ b ~r'~~ f 4i ~'rA.~ t ~ I ~ , t i s.{, ~ t t_ k2 ~~ ~ „~ ~ ~ ~ t.61~~'~@ , Y neF Y.~,~'M1~1R~11'F-,'9N +'M1~l~O tk> ~a'V~~Y ~ .'~ U ~ S~~S',~. `Iil`nIH I~ Y1: a~ . ~ 1 Register of Wills of CUMBERLAND County, Pennsylvania Certificate of Grant of Letters No. 1997-00716 PA No. 2197-0716 ESTATE OF KUTULAKIS PETER N Late of CARLISLE BOROUGH Deceased Social Security No. 208-26-3096 WHEREAS, on the 26th day of August 1997 an instrument dated November 9th 1992 was admitted to probate as the last will of KUTULAKIS PETER N late of CARLISLE BOROUGH , CUMBERLAND County, who died on the 5th day of August 1997 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, MARY C. LEWIS Register of Wills in and for the County of CUMBERLAND in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARY to THOMAS PLACE who has duly qualified as Executor(rix) and has agreed to administer the estate according to law, all of which fully appears of record in my Office at CUMBERLAND COUNTY COURT HOUSE, CARLISLE, PENNSYLVANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my Office the 26th day of August 1997. x (~ ~ ~.. _ i **NOTE** ALL NAMES ABOVE APPEAR (LAST, FIRST, MIDDLE)