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HomeMy WebLinkAbout04-10-12 (3)15D5611188 REV-1500 Exl°Z-tt,cFO ~' Pennsylvania OFFICIAL USE ONLY PA Departmentof Revenue °C"'"fA'°""t" County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX z9oeot Harris burg, PA 17129-0907 RESIDENT DECEDENT 3 Z ]r 1 D 8 3 3 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth IJIMDDYYYY Decedent's Last Name Suffix Decedent's Rrs[ Name; MI Fetrow Kathryn W (If Applicable} Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's Frst Name MI Spouse's Social Security Number THIS RETURN MUST 8E FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ~ 7. Original Return C] 2. Supplemental Retum Cl 3. Remainder Retum (Date of Death . Prior to t 2-'13-82) C~ 4. Limited Estate C7 4a. Future Interest Compromise (date of p 5. Federal Estate Tax Retum Required death after t2-72-82) ~ 6. Decedent Died Testate D 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 1-1 9. lJtigation Proceeds Received O t0. Spousal Poverty Credit (Date of Death O 1T. Election to Tax under Sec. 9t t3(A) Between 12-3'i-13T and t-1-85) (Attach Schedule O) CORRESPONDENT -This section must be completed. Ail Correspondence and ConfldenUai Tax Informarion Should be Directed to: Name Daytime Telephone Number ~'-~ Robert C• Saidis, Esquire ~:.~ ?7a7 2y3 ~ _i~ ; c ~ ~ REpISTERCJ1=z~l~ EONt.~` <._; ~ -~ t-T~i ; 1y { t i' , ,~ First Line of Address ~ ~ n ~-~ '*~ ': 26 W• High Street `f~;TM~t -~' .~~=- r -_ i Second Line of Address ~~, _~ ~.•'~ n.~ Qt P I Offi Statf; ZIP Code DATE FILED y Or DS ce Carlisle PA 17D13 Correspondent's e•-man address: rsaidist~ssr-attorneys.com Under panaltles of perjury,l declare that I have examined this roturn, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, eorreetand complete. Declaration of the praparor atherthan poreonal reprasontative is based on all informati e. f~ t1_(ki~ DA Side ~ 15D567,1188 :L5D5611188 PLEASE USE ORIGINAL FORM ONLY C~ Estate of: Kathryn W. Fetrow 195-16-4577 _ Executor ~~,K ~ ~ ~~ Edward P. Fetrow Karen A. Fetrow 5016 Woodbox Lane 10 Stone Spring Lane Mechanicsburg, PA •17055 Camp Hill, PA 17011 ~'~ ~'' ~~2ocv Rev-1500 EX (FI) 1505611288 DecedenYsName: Kathryn W Fetrow RECAPITULATION 1. Real Estate (Schedule A) • ........................................ 1. 2. Stocks and Bonds (Schedule B) .................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) • ..... 3. 4. Mortgages and Notes Receivable (Schedule D) ......................... 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) ....... 5. 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ...... 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested ...... 7, 8. Total Gross Assets (total Lines 1 through 7) ............................ 6, 686,000.00 48.38 0.00 0.00 1,567 • 70 377,237 • 48 545,680.35 1,610,533.91 9. Funeral Expenses and Administrative Costs (Schedule H} .................. g. 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ............. 10. 11. Total Deductions (total Lines 9 and 10} .............................. 11. 12. Net Value of Estate (Line 8 minus Line 11) ............................ . 12, 13. Charitable and Govemmenial Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ...................... . 13. 14. Net Value Subject to Tax (Line 12 minus Line i3) ...................... . 14. TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amaunt of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .o0 0 •0 D 1s. 16. Amount of Line 14 taxable at lineal rate X .045 1, 5 6 9, 5 8 2 •7 8 1 s. 17. Amount of Line 14 taxable at sibling rate X .12 0 • 00 17 1B. Amount of Line 14 taxable 0 • ^ 0 at collateral rate X .15 18. 19. TAX DUE .................................................... 19. 20. FILL tN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 37,$60.63 3,090 • 50 40,951•],3 1,569,582.78 0•DO 1,569,582.78 0.00 70,631.23 0.00 0.00 70,631.23 O Side 2 L 1505611288 15D5b11288 Rev-1500 EX (FI) Page 3 File Number 21 11 0833 DECEDENT'S NAME Kathryn W. Fetrow STREET ADDRESS 5000 Creekview Road CITY STATE ZI P Mechanicsbur PA 17055 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 70.631.23 2. Credits/Payments A. Prior Payments 30,000.00 B. Discount 1.578.90 Total Credits (A + B) (2) 31,578.90 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Flll in oval on Page 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 39,052.33 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred .•••••••••••••••••••••••••••••••••••• ^ b. retain the right to designate who shall use the property transferred or its income • ..... • • • • • • ~ • • ~ ^ c. retainareversionaryinteresl •..•••••••••••••••••••••••••••••••••••••••••••••••• ^ d. receive the promise for life of either 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 "intrust for' or payable-upon-death bank account or security at his or her death? . • ^ 4. Did decedent own an individual retirement account, annuity or other non-probate propert}~, 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 percent [72 P.S. Sect. 9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use; of the surviving spouse is 0 percent [72 P.S. Sect. 9116(a)(1.1)(ii)]. The statue does not exempt a transfer to a surviving spouse from tax, and th~° statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. Sect. 9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 P.S. Sect. 9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. Sect. 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1502 EX+(D1--10) ' Pennsylvania SCHEDULE A ~: REAL ESTATE INHFRITANCETAXRETURN -- ESTATE OF: FILE NUMBER: Kathryn W. Fetrow _ 21 11 0833 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is dei~ined as the price at which property woultl 6e exchanged between a willing buyer and a willingseller,neither being compelled to buy orsell, both having reasonable knowledge of the relevantfacts. Real property that isjointly-owned with right of survivors hip must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER DESCRIPTION OF DFAI`H 1 5000 Creekview Road, Mechanicsburg, PA 17055 230,000.00 Per appraisal 2 4900 Creekview Road, Mechanicsburg, PA 17055 220,000.00 Per appraisal 3 1047 Brentwater Road, Camp Hill, PA 96,000.00 Per appraisal 4 3.26 Acres, Brentwater Road, Camp Hill, PA 80,000.00 Per appraisal 5 2.01 Acres, Brentwater Road, Camp Hill, PA 60,000.00 Per appraisal TOTAL (Also enter on Line 7, Recapitulation.) I 686,000.00 If more space is needed, insert additional sheets of the same size. L REV -~ 503 EX* {6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCETAX RETURN RESIDENTDECEDENT ESTATE OF FILE NUMBER Kathryn W. Fetrow 21 11 0833 (If more space is needed, insert additional sheets of the same ;size) REV-1508 EX+111-10) l' Pennsylvania ~i? (]fPANiMfNipfHtVENGt INH ERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY __ ESTATE OF: FILE NUMBER: Kathryn W. Fetrow 21 11 0833 f nclude the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. If more space is needed, insert additional sheets of the same size REV-1509 EX+(01-10) i1 pennsylvama L)~ ppH 7 MF N l OS N~ 4'E N~IF INH E RITANC E TAX R ETU RN RESIDENTDECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF: FILE NUMBER: Kathryn W. Fetrow 21 11 0833 If an asset became jointly owned wlthln one year of the decedent's date of death, It must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A. Edward P. Fetrow 5016 Woodbox Lane Son Mechanicsburg, PA 17055 e. Karen A. Fetrow c. JOINTLY-OWNED PROPERTY: 10 Stone Spring Lane Camp Hill, PA 17011 Daughter ITEM NUM. LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY. INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FORJOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUEOFASSET %OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTSINTEREST 1 A 08/29/89 Members 1st Federal Credit Union Checking 51.10 50.000 25.55 Account 36899-11 joint with Decedent's son, Edward Fetrow Total value $51.10 Per 8/11/11 letter 2 B 01/30/78 Citizens Bank Account 6100715019 joint with 11,600.55 0.000 5,800.28 Decedent's daughter, Karen A. Fetrow (made joint 1/30/1978) Total value $11,600.55 plus $.08 accrued interest Per 08/31/11 letter B 1/30/78 Interest on above item accrued as of 0.08 50.000 0.04 decedent's death 3 A 05/22/89 Members 1st Federal Credit Union Savings 35.88 50.000 17.94 Account 36899- 00 joint with Decedent's son, Edward Fetrow Total value $35.88 Per 08/11/11 letter 4 B 05/21!93 Citizens Bank Account 6140215579 joint with 1,782.91 50.000 891.46 Decedent's daughter, Karen A. Fetrow Total value $1782.91 plus $.01 accrued interest Per 8/31/11 letter Total from continuation Schedule(s) 370,502.21 TOTAL (Also enter on Line 6, Recapitulation) 377,237.48 If more space is needed, use additional sheets of paper of the same size. Estate of: Kathryn W. Fetrow Schedule F -Jointly-Owned Property Page 2 21 11 0833 Letter Date % of Date of Death Item for Joint Made Date of Death Decd's Value of Num. Tenant Joint Description of Property Value of Asset Interest Decedent's Interest B 05/21/93 Interest on above item accrued as of 0.01 50.0000 0.01 decedent's death 5 A 05/22/89 Members 1st Federal Credit Union Money 5,091.74 50.0000 2,545.87 Market Account 36899-05 joint with Decedent's son, Edward Fetrow Total value $5,092.23 Per 8/11/11 letter A 05/22/89 Interest on above item accrued as of 0.49 50.0000 0.25 decedent's death 6 B 07/01/96 Merrill Lynch Account 872-42767 owned jointly 607,465.23 50.0000 303,732.62 with Decedent's daughter, Karen Fetrow Total value $607,465.23 7 A 01/19/01 Members 1st Federal Credit Union CD 36899- 17,787.54 50.0000 8,893.77 40 joint with Decedent's son, Edward Fetrow Total value $17,798.65 Per 8111/11 letter A 01/19/01 Interest on above item accrued as of 11.11 50.0000 5.56 decedent's death 8 A 06/11/98 Members 1st Federal Credit Union CD 36899- 15,402.34 50.0000 7,701.17 45 joint with Decedent's son, Edward Fetrow Total value $15,405.29 Per 8/11/11 letter A 06/11/98 Interest on above item accrued as of 2.95 50.0000 1.48 decedent's death 9 A 09/13/00 Members 1st Federal Credit Union CD 36899- 2,207.94 50.0000 1,103.97 48 joint with Decedent's son, Edward Fetrow Total value $2,208.48 Per 8/11/11 letter A 09/13/00 Interest on above item accrued as of 0.51 50.0000 0.26 decedent's death 10 A 11/09/01 Members 1st Federal Credit Union CD 36899- 2,211.00 50.0000 1,105.50 49 joint with Decedent's son Edward Fetrow Total value $2,211.61 Per 8/11111 letter A 11/09/01 Interest on above item accrued as of 0.61 50.0000 0.31 TOTAL. (Carry forward to main schedule) ...... 325,090.77 Page 3 Estate of: Kathryn W. Fetrow 21 11 0833 Schedule F -Jointly-Owned Property Letter Date % of Date of Death Item for Joint Made Date of Death Decd's Value of Num. Tenant Joint Description of Property Value of Asset Interest Decedent's Interest decedent's death 11 A 01!05/05 Members 1st Federal Credit Union CD 36899- 1,218.59 50.0000 609.30 50 joint with Decedent's son Edward Fetrow Total value $1,218.81 Per 8/11/11 letter A 01/05/05 Interest on above item accrued as of 0.22 50.0000 0.11 decedent's death 12 B 05/26/09 Citizens Bank CD Account 6255985157 owned 24,064.10 50.0000 12,032.05 jointly with Decedent's daughter, Karen A. Fetrow Total value $24,064.10 plus $7.91 accrued interest Per 8/31/11 letter B 05/26/09 Interest on above item accrued as of 7.91 50.0000 3.96 decedent's death 13 B 12/12/02 ING USA Annuity and Life Insurance Co 65,532.03 50.0000 32,766.02 Annuity Contract C133937-OW owned jointly with Decedent's daughter, Karen A. Fetrow Beneficiary: Karen A. Fetrow Total value $65,523.03 Per 08/18/2011 letter TOTAL. (Carry forward to main schedule) ...... 45,411.44 REV -t 510 EX+ (OB-Og) ~ Pennsylvania OkPAF7 ME NT U3~ NEY'NU}' INHERITANCETAX RETURN RESIDENTDECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Kathryn W. Fetrow 21 11 0833 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the FiEV-t500 is yes. ITEM NUM DESCRIPTION OF PROPERTY INCLUDE NAME OF TRANSFEREE, RELATIONSHIP TODECEDENT& DATE OFTRANSFER. ATTACH COPYOF DEED FOR REAL ESTATE DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION (IFAPPLICABLE) TAXABLE VALUE 1 $6,000 cash tranferred to Decedent's 6,000.00 100 3,000.00 3,000.00 granddaughter, Lynn Bardo, on 04/15/11 2 Erie Life Insurance Annuity 2AEE566128 66,378.71 100 66,378.71 Beneficiary: Kathryn W. Fetrow Irrevocable Life Insurance Trust 3 Erie Family Life Insurance Annuity 190,178.79 100 190,178.79 2AEE549253 Beneficiary: Kathryn W. Fetrow Irrevocable Life Insurance Trust 4 Erie Family Life Insurance Annuity 207,889.84 100 207,889.84 2AAY005483 Beneficiary: Kathryn W. Fetrow Irrevocable Life Insurance Trust 5 ING USA Annuity and Life Insurance Co 54,240.22 100 54,240.22 Annuity Contract C134062-OW (IRA) Beneficiaries: Decedent's children, Edward P. Fetrow, Harold W. Fetrow, Karen A. Fetrow Per 08/18/11 letter 6 Erie Family Life Insurance Annuity 246-885 23,992.79 100 23,992.79 Beneficiaries: Decedent's children, Edward Fetrow, Harold Fetrow, II and Karen Fetrow Per 8/25/11 letter TOTAL (Also enter on Line 7, Recapitulation) I 545,680.35 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+(10-09) ~,, Pennsylvania 1~ pF Vgii7MF'. N? O! RtV".NJt INHERITANCETAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Kathryn W. Fetrow 21 11 0833 Decedents debts must be reported on Schedule I. NII M FR DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1 Old Stone Church, burial 2 Myers-Harner Funeral 3 Gingrich Memorials 400.00 4,303.00 160.00 B. ADMINISTRATIVE COSTS: ~. Personal Representative Commissions: Name(s) of Personal Representatives} Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees 17,500.00 3. Family Exemption: (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: 543.50 5. Accountant Fees: 675.00 6. Tax Return Preparer Fees: See schedule attached 14,279.13 TOTAL (Also enter on Line 9, Recapitulation) ~ 37,860.63 If more space is needed, use additional sheets of paper of the samE: size. Estate of: Kathryn W. Fetrow Schedule H, Part B -Administrative Costs Miscellaneous Expenses Page 2 21 11 0833 Item Number Description Amount 7 Hampden Township, quarterly sewer for 4900 and 5000 Creekview F;oad 300.00 8 PPL - 5000 Creekview Road 234.00 9 Michael Langan, Treasurer, real estate taxes 5000 Creekview Road 2,389.05 10 Michael Langan, Treasurer, real estate taxes 4900 Creekview Road 1,720.04 11 PAWC - 5000 Creekview Road 93.75 12 Brown's Property Management, tree trimming required by township 450.00 13 PPL - 5000 Creekview Road 250.74 14 Greg Neff, lawn care 160.00 15 Saidis, Sullivan & Rogers, out of pocket expenses 80.76 16 PAWC - 5000 Creekview Road 46.08 17 Central Penn Appraisals 1,400.00 18 Greg Neff, lawn mowing 160.00 19 Citizens Bank, monthly maintenance fee 20.00 20 PPL 141.76 21 Hampden Township 300.00 $150 - 4900 Creekview Road $150 - 5000 Creekview Road 22 Andy Hopper, reimbursement for battery for 1989 Mercedes 164.28 23 Commonwealth of PA, vehicle renewal registration for 1989 Mercedes 36.00 24 PPL 58.28 25 Insurance premium 3.30 26 Citizens Bank, monthly maintenance fee 20.00 27 Greg Neff, lawncare - 5000 Creekview Road 280.00 28 PP&L 22.27 TOTAL. (Carry forward to main schedule) ...... 8,330.31 Estate of: Kathryn W. Fetrow Schedule H, Part B -Administrative Costs Miscellaneous Expenses Item Number Description 29 Recorder of Deeds, 4900 Creekview Road 30 Recorder of Deeds, 5000 Creekview Road 31 PA American Water 32 PA American Water 33 Saidis, Sullivan & Rogers, out of pocket expenses 34 Slaybaugh's Professional Services, landscape/trimming at 5000 Creekview Road 35 ABC Fuel Oil, 5000 Creekview Road 36 PPL, 5000 Creekview Road 37 Larry Windemaker, contractor, final repairs to 1047 Brentwater Road 38 Recorder of deeds 39 Lenk Tree Service 40 Saidis, Sullivan & Rogers, out of pocket expenses 41 ABC Fuel Oil 42 PPL ($87.99 - $22.27 refund) 43 PA American Water 44 Greg Neff, lawn care 45 The Sentinel, legal advertising 46 Merrill Lynch, annual fee 47 Cumberland County Register of Wills, filing fees 48 Reserve for misc. out of pocket expenses 49 Register of Wills, additional probate fee Page 3 21 11 0833 Amount 63.00 63.00 41.97 46.08 4.00 600.00 602.81 60.11 230.21 63.00 2,450.00 15.50 814.19 65.72 44.69 240.00 189.54 125.00 30.00 150.00 50.00 TOTAL. (Carry forward to main schedule) ...... 5,948.82 REV -1512 EX+ (12-08) ~`i~ Pennsylvania SCHEDULE ~ "`N~R1M`N~ ~~ N~~N;~~ DEBTS OF DECEDENT, INHERITANCETAXRETURN MORTGAGE LIABILITIES & LIENS RESIDENTDECEDENT ESTATE OF FILE NUMBER Kathryn W. Fetrow 21 11 0833 Report debts incurred by decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Greg Neff, lawn mowing 240.00 2 ABC Fuel Oil 189.95 3 Sean McDermott, check written prior to, but clearing after Decedent's date 1,750.00 of death 4 PPL - 5000 Creekview Road 212.16 5 Citicard 60.00 6 Meals on Wheels 91.00 7 Heritage Medical 74.35 8 PAWC - 5000 Creekview Road 79.56 9 Hampden Township, Prorata Blue Cross medical payment 342.85 10 AD&D, insurance premium 3.30 11 Messiah, monitor 32.00 12 Messiah Village 4.00 13 Messiah Village 11.33 TOTAL (Also enter on Line 10, Recapitulation) I 3,090.50 If more space is needed, insert additional sheets of the same size. L REV-1513 EX+(01-10) Pennsylvania SCHEDULE J ~.~? UF.PgpltaF N~ OF RCYiNUE INHERITANCETAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Kathryn W. Fetrow 21 11 0833 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBE NAME AND ADDRESS OF PERSON S) RECEIVING PROPERTY Do Not (List Trustee(s) OF ESTATE z TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and transfers under Sec. 9116(a)(~.2).] See schedule attached ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUG H 180E REV-1:.00 COVER SH EET, AS APPROPRIATE. Tz NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 97 ~3 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-500 COVER SHEET. If more space is needed, use additional sheets of paper of the sarne size. Page 2 Estate of: Kathryn W. Fetrow 21 11 0833 Schedule J, Part I -Taxable Distributions Amount or Share Num. Name and Address of Person(s) Receiving Property Relationship to Decedent of Estate Edward P. Fetrow Son 202,904.49 5016 Woodbox Lane Mechanicsburg, PA 17055 Harold W. Fetrow, II Son 246,448.43 1053 Brentwater Road Camp Hill, PA 17011 Karen A. Fetrow Daughter 821,674.88 10 Stone Spring Lane Camp Hill, PA 17011 Alan E. Fetrow Grandson 147,777.49 5287 East Trindle Road, Rear Apartment Mechanicsburg, PA 17050 Grant J. Fetrow Grandson 147,777.49 317 Silver Spring Road Mechanicsburg, PA 17050 Lynn Bardo Granddaughter 3,000.00 Foxfire Lane Mechanicsburg, PA 17055 0 00 0 ; ~ I I m o ~n o m r~ ~ i I ~ to m °' o a ~' ~ 1 ~ i ~ ~~;rn ~', .N ~ -i' i ~ i i m,m ~' m ~ I .~ a' N '. i I I I , i ~ : , i ~ I i _-- -._ ,-- _,... r _, ~._-~ i- -, r r-- ~ _--~- - ~ -_~ _ j __~ _ _ ._. - - _ _ ~ ~ , . ~ T -- -' __ -, ~-, , -- ' I ~. - i _ - ~ - - i - --- i I o; a i ~ o 0 I ' 1 o c c i o o c , t ' 0 0 TI J: ~ i ~ 1 M ~ M i i/T i/? - _._.' _- - __ ~ _. l _.__- ' ____ ~_. ~_--{ i --t .~-. t_- i. O i ~ ! ~ ~, Ol 01 o ~ a a Q i I I ~ ', i '.I '. ^ ~. Y 7 ~ ~ , I m' a l ~ . ~ , i ~ ~ ~ ; I ~ ~ ~ -- -- - - - ~~ T ' - ' - -r ~ ~ ? I ~-_ _ _ _- - ~ _ ~ r - o ~ ~ , ~ I ~, rn rn ~ I j I ' a ' d' '. O~ ~ i I I. ~ I I '' I ''. n I n . I ' ~IO I i ~ ' ' '' : ' I n'n O , 1 I ~ , i _ Q ~: I ! ' ' i ~ I m,~ ~i ~ ~ I i ~ ~ i ,- _ __. T , ~ ~ f -' ~- ,_ _ -- 1- 1 i i -~ ~ In ~ N m tIl M ~'. ' O c l - , O ~ ~ -I m l0~ N O N ~ W O ' ~' '6 I I I ~~~ In lO Ol ',N d' tf1 Ql, ~ ~ O ^ . ~ ' , ~. N'' '..--ii ~~ Oi.O O~O,OI N-Q1~01 00 O1 ~ O ~ ' . I 'Q ' ' ~N' ~I^ ~~~ I ~~ ~ N M ~ ^: . . . W I ! I 0 l l D - ', O N ~ ~ _; __- _ _ , _ ~, -- ao m I ~ ~ ~ ~ i i N I, Ol lD O l0 '',. Ol V ~: i ID~NID O.n,. '. V~OC 'p '' I I N Ol ~ 00 Ql Ito V I OI '. i j I ~-I~M.N O:OI. ~, tf1~ , ~ I I I I N M~ 00 n '. ~ l0 f6 I, '. i i N lD lD •-I - Cf ~ . ~: pl ': 0.. Ic-I N I ~ lD!l0~ ~lD N~ID OIL. ', V ~ . i ' ' ~ i ' ~ I ~ O~~ ~ ~-1 M' N OOH '' t/1 l0 ~ ~. d O ~ ;00~ 100 I , r '. L fC O I ~ ~ if1 • ~ M '~, j ~ i ~ I N ~. N '~ N m~ Ol 00 I~ N tD lD .-i ' to eti l0 N r , y N '. ' t O ' ~ I j M . . : W N ', t ' M i ~ i I '. v~ ti?' t/T V1' t/? L} t/? fC ;. _~__~- __' ~ ~ . __ __.. _ ~ ~ _. _ ~ i I _ - 3 c ~; ' , o m ~ ' ' ~ , ~ m = ~ ~ cC: ,,~ ~ ~ V . Ql N i~+ V t '~ ~ (SS ~ ~ ~~ '. ~ '. Y ~ ~ ~ N -o -o o d I ~ ~ , - ~ a~i Y Y m W ~ LL i i C7 . Z. ~. ~ I . y ~ ~ ~ ~,. ~' V U 2i ~~ ~' 3 rf ~IN M '~ Lfl '~ IDI`~ 00 Ol . ~~ r7 cN-I ~, ei = s ~ . r1 N m'~ ~' N M ~ O N ,' c „,. L '~ s oo °o t t ~ ''s E' E. E'~ EI E'', E' E E' E' E' E ~' E''t ' E E E E E ~ r 1 ' ~ m m a i . N d l6 N N u O Ol u u u ' a~ N N a) ! m N a~ a) d 41 Cl N '~ N u N GJ U1 m al N u' a ~ L O . ~ / /y ~ I W W ~ 1i ti VI lfl ~ m N H ' N ' . ++ Y Y ~+ ++ Y Y : ++ ; Y Y ++ i Y ~ ++ Y Y ~ _~ N t1~ ~ to F COMMONWEALTH OF PENNSYLVANIA ~ARTM ENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280fi0 i ,~..-•~^""°`~ HARRISBURG, PA 17"128-060". RECEIVED FROM: FETROW KAREN A 10 STONE SPRING LANE CAMP HILL, PA 17011 PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT ACN ASSESSMENT CONTROL NUMBER tulG ESTATE INFORMATION: ssN: ~ 95-~ 6-4577 FILE NUMBER: 211 1-0833 DECEDENT NAME: FETROW KATHRYN W DATE OF PAYMENT; 10/05/201 1 POSTMARK DATE: 1 0/05/201 1 couNTY: CUMBERLAND DATE OF DEATH: 07/11/2011 AMOUNT 101 J $ 30, 000.00 J TOTAL AMOUNT PAID: REMARKS: RECEIPT TO ATTY SEAL CHECK#1004 $ 30, 000.00 INITIALS: D8 - RECEIVED BY: GLENDA F=ARNER STRASBAUGH REGISTER OF WILLS REV-1162 EX(1 i-96) N0. CD 01 5038 TAXPAYER LAST WILL AND TESTAMEN'T' OF KATHRYN W. FETROW I, Kathryn W. Fetrow, of Hampden Town~;hip, Cumberland (~ .; County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and 'T'estament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST I direct the pa~~rr-ent of my just debts and expenses of my last illness and funeral f rom my estate as soon after my death as conveniently may be done. I direct my body be interred in the St. Paul's Lutheran Cemetery, Wertzville Road, ]~nola, Pennsylvania. Further, I authorize my personal representative to expend SANS, ~~'~~~ ~ LINDSAY A7TC)R~'LYti•AT•Lil\' 2G West High Sneer Carlisle; PA funds from my estate, in such amount as my personal representative shall consider necessary and desirable for the purchase, erection and inscription of a suitable marker for my grave. SECOND I give, devise and bequeath my real estate known as 4900 Creel:view Road and 5000 Creekview Road, Mechanicsburg, Pennsylvania as follows: i ~ (A) Ny daughter, Karen A. Fetrow, shall have the right to select which of the properties she desires to be conveyed to her ~ in kind. 1 (B) The remaining property shall be conveyed to my grandsons, Alan E. Fetrow and Grant J. Fetrow . (C) Any difference in the value of the respective (-~- ~ properties, shall be paid in cash from the party receiving the , -~ higher valued property to the other. (D) For the purposes of determining the value, each property shall be valued at the value acce~>t ed for Pennsylvania Inheritance Tax purposes. {E) This specific conveyance to Karen A. Fetrow, Alan E. Fetrow and Grant J. Fetrow shall be made tc> each of them per stirpes. I have made this bequest in an effort to even out distributions between my children :in light of prior distributions to Harold W. Fetrow II and rE=_cognize the desire of my son, Edward P. Fetrow, that his share o:E my estate be conveyed directly to his children. SANS, FBA~gZ ~ ~..IlV~~AY A7TORNEI:4•A7•IA11' 2(. West High Sueel Carlisle, 1'A 2 THIRD All the rest, residue and remainder of my estate, I give, devise and bequeath as follows: (A) One third (1/3) to my son, Harold W. Fetrow, II, per ~~ ,.: ~ stirpes; (B) One third (1/3 ) to my daughter, 7aren A. Fetrow, per stirpes; and (C) One sixth (1/6) to each of my grandsons, Alen E. Fetrow and Grant J. Fetrow, per stirpes. FOURTH I direct that any and all inheritance, estate, and transfer taxes imposed upon my estate passing under this Will or otherwise shall be paid out of the principal of my residuary estate. FIFTH In addition to the powers conferred by law, I authorize any personal representative acting under this instrument, in their absolute discretion: A. To retain in the form received, or to sell either at; SA~JJIS, FL~WE]EZ ~ ~.,1N~SAY ATTORNEYti•AT•IAN' 26 West High Sn-eel Carlisle, YA public or private sale any real or personal property; B. To exercise any options to subscribe for stocks, bonds, or other investments; C. To join in any plan of lease, mortgage, consolidation, exchange, reorganization or foreclosure of any corporation in which my estate or any trust may hold stocks, bonds or other securities; i ~.1 ~I D. To sell, transfer, convey, moztgage, pledge, lease or exchange any property, real or personal, which at any time may form part of my estate, for the payment of debts or taxes, or for any purpose of administration or distribution, for such prices and upon such terms as my personal representative, in their sole discretion, may deem wise, and to execute and deliver deeds of conveyance or transfer thereof; E. To make settlements and compromises on such terms as my personal representative in their sole discretion may deem wise without the necessity of obtaining any court approval thereof; F. To make distribution hereunder- either in cash or kind, as my personal representative in their discretion may SA~3~S, ~~OW~R ~~ I.INDSA,Y ATIORNGYS•ATIA44' 2G W'est High Street Carlisle, PA deem wise. SIXTH I do hereby nominate, constitute and appoint my children, Edward P. Fetrow and Karen A. Fetrow, or the survivor of them, to act as Co-Executors of this my Last Will and Testament. 4 SEVENTH I direct that no personal representative, guardian, trustee or other fiduciary appointed under this instrument shall be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF', I, Kathryn W, Fetrow, have hereunto set my hand and seal to this my Last Will and 'Testament, consisting of five typewritten pages, the first four of which bear my initials in the margin for identification, this 30th day of September, 2008. ^~~ ~. -~ ~.~, Kathryn'~T. Fetrow Signed, sealed, published and declared by the above-named SANS, ~IAWER ~ LINDSAY arto¢nErs•nramv 26 Wesc High Suee~ Carlisle, PA Yathryn W. Fetrow, Testatrix, as and for her Last Will and Testament in the presence of us, who have hereunto subscribed our names at her request as witnesses thereto, in the presence of said Testatrix and of each other. ADDRESS 2109 Market Street ,( Camp Hill, PA 17011 `~~-~--~ ~~ ~~~--c~-~-~^' ADDRESS 2109 Market Street Camp Hill, PA 17011 5 _. COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND We , Kathryn W . Fetrow, ~~ c.~r,n ~'{~; ~ ~~ ~ ,_,;f and ~ jo i.~.a'r'~ ~ct•~~~5 , the Testatrix and witnesses, respectively whose names are signed to the foregoing or attached instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will and Testament and that she signed willingly and that executed as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix signed the Will as witnesses and that to the best of their knowledge the Testatrix was at the time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. Kathryn. T~,L~etrow ,Witness S.A.Y~IS, E7A~R ~ I.,INI~SA~ ATTOItNL•YS•AT• V.H~ 26 West High Sveer Carlisle, PA ,Witness Subscribed, sworn to and acknowledged before me by Kathryn W. Fetrow, the Testatrix, nd subscribed t.o and sworn or affirmed to before me by ~~~,Z.,ti- ~ ~'i ~i and ~ar~--,~ ~aCr c~c1;~ , witnesses, this 30th day of September, 2008. COMMONW~ALTt-I O~ P~fVNSI'LVANIA Notarial Seal Yvonne 5ersch, Notary Public Gamp Hill Boro, Cumbertar~ County My Commission Expires Feb. 1, 2012 tviember, Pennsylvania iissociation afi Notaries a N tart' Public .. 6 M~;in File No. CREEKVW5000 Paoe #1 SUMMARY OF SALIENT FEATURES Subject Address 5000 Creekview Rd Legal Description DEED BOOK 0013P PAGE 00067 Cily Mechanicsburg County CUMBERLAND State PA Zip Code 17050 Census Tract 0113.02 Map Reference METRO 2741 C-8 Sale Price $ N!A Date of Sale N!A Borrower/Gient N!A Lender PRIVATE Size (Square Feet) 2,640 Price per Square foot $ Location AVERAGE Age 127 YEARS Condition AVERAGE Total Rooms 9 Bedrooms 4 Baths 2 Appraiser Robert K. Banzhoff Date of Appraised Value 07/11/2011 Opinion of Value $ 230,000 Form SSD3 -'WinTOTAL" appraisal sohware by a la mode, inc. - 1-ODO-ALAMODE Central Penn Appraisals, Inc. (717) 737.4600 stn File No. CREEKVW5000 Paae #2 Uniform Residential Appraisal Report File# CREEKVW5000 The urpose of this summa appraisal re ort is to provide the lender/client with an accurate, and atlequatel supported, o inion of the market value of the subject ropert . Pro a Address 5000 Creekview Rd Cit Mechanicsbur State PA Z Code 17050 Borrower N/A Owner Ot Public Record Estate: Fetrow Harold / Kath n Coun CUMBERLAND Le al Descri lion DEED BOOK 0013P PAGE 00067 Assessor's Parcel # 10-16-1060-021 Tax Year 2011 R.E:. Taxes $ 3 703 Nei hborhood Name HAMPDEN TOWNSHIP Ma Reference METRO 2741 C-8 Census Tract 0113.02 Occu ant Owner Tenant Vacant S ecial Assessments $ N/A PUD HOA $ NIA per ear er month " Pro ert Ri hts raised ®Fee Si N Leasehold Other describe Asst nmenl T pe ^ Purchase Transaction ^ Refinance Transaction ®Other describe This a raisal is for rivate use and not mort a e ur oses. LentledClient PRIVATE Address Is the subject ro ert cunenll offered for sale or has it been offered for sale in the twelve months rior to the effective date of this a raisal? Yes ^ No Re ort data sources used, offerin rice s ,and dates . MLS I ^ did ^ did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not edormetl. N/A ConUact Pdce $ N/A Date of Contract N!A Is the pro a seller the owner of ublic record? ®Yes No Data Sources TXCRDlCNTRCT Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? ^Yes ^ No I1 Yes, re ort the total dollar amount and describe the Berns to be aid. N/A N/A Note: Race and the racial corn osition of the net hborhood are not a raisal factors. Nei" hborhoodCh recterlatics One-Unit tiousln Trends Orie-Unit Housing Presets Land Use % Location Urban Suburban Rural Pro ert Values Increasin Stable Declinin PRICE AGE One-Unit 75 % BuiB-Up Over 75% 25.75% ^ Under 25% Demand/Su I Shorts a In Balance Over Su I $ 000 rs 2.4 Unit 0 % Growth ^ Ra id Stable ^ Slow Markelin Time Under 3 mths 3-6 mths Over 6 mths 120 Low 0 Multi-Famil 0 % Nei hborhood Boundaries The home is located between Routes 11 and 944 between Route 581 and Orrs 650 Hi h 100+ Commercial 5 % Brid a Road in Ham den Townshi 250 Preii. 20 Other 20 % Nei hborhood Descri lion This suburban area has eas access to em to ment and services and is corn etitive with other net hborhoods in the eneral area. Most have similar amenities. Market Conditions inclutlin sup ort for the above conclusions The market is still relative) ood in this area with lower than avers a unem to men) rates and continuin low intrest rates. Dimensions SEE PLOT PLAN Area 2.18 ACRES Sha a IRREGULAR View AVERAGE S ecitic Zoni ClassificabonRT RESIDENTIAL TOWN Zonin Descri lion SINGLE FAMILY RESIDENTIAL PERMITEI] Zoni Com liance Le al Le al Nonconformin Grantlfatfreretl Use No Zorun Ille al describe Is the hi hest and best use of subject property as im roved or as roposed per tans and s ecifications the present use? Yes No Ii No, describe THE CURRENT 20NING ALLOWS FOR ATTACHED AND DETACHED HOUSING. 1D UNITS PER ACRE Utilities Public Other (describe) Public Other (describe) ON-s0e Im rovements -T a Public Private Electric' Water SUeet ASPHALT Gas ^ NONE Sanity Sewer ® ^ Alle NONE ^ ^ FEMA S ecial Fbotl Hazard Area Yes No FEMA Fbod Zone X FEMA Ma # 42041C0113E FEMA Map Date 3/16/2009 Are the utilities and oft-site im rrnements ical for the market area? Yes Nc B No, describe Are there an adverse site conditions or external factors easements, encroachments, ernironmental conditions, land uses, etc. ? Yes No If Yes, describe Generrtl Desert ion fourdatlon - Exterior Desai lion materials/dohditfon Interior m6terials/condition Units One One with Accesso Unit Concrete Slab Crawl S ace Foundation Walls STONElAVE Fbors W D/VINICARP/AV # of Stories 2 Full Basement Partial Basement Exterior Walls BRICK/AVE Vdalls PLASTERIAVE T e Det. Att. S-Def./End Unit Basement Area 1 320 s .ft. Root Surface SHINGLE/AVE TriMFnish WOOD/AVE Ezisti Pro osed Under Const. Basement Finish 30 % Gutters & Downs outs ALUMINUM/AVE Bath Floor VINYUAVE Desi n S le 2 STORY Outside Ent /Exit Sum Pump Window T pe DBL HUNG/AVE Bath Wainscot FIBERGLASS/AV Year BuiB 1884 Evidence of Infestation Storm SashOnsulated STORMlAVE Car Story a None Effective A e rs 35 ^ Dampness ^ Settlement Screens YES/AVE Z Driveway # of Cars 7 Attic None Heatin FWA HWBB Radiant Amenities Wootlsfove s # Driveway Surface ASPHALT Drop Stair ®Stairs ^ Other Fuel OIL Fire laces # fence ~ Gars e # of Cars 3 Fbor ScuBle Coolin Central Air Conditionin Patio/Deck Parch ]Carport # of Cars ^ Finished ^ Heated ^ Individual ^ Other ^ Pool ^ Other [] Att. ®Det. ^ BuiB-in A fiances ^ Refri erator BI Ran e/Oven ®Dishwasher ^ Dis osal ^ Microwave ^ Washer/Dr er ^ Other describe Flnishetl area above rode contains: 9 Rooms 4 Bedrooms 2 Baths 2 640 S ware Feel of Gross Livin Area Above Grade . Additional features s ecial ener efficient items, etc.. REC ROOM IN THE BASEMENT Describe the condition of the roe inclutlin needed re airs deterioration, renovations, remodelin ,etc.. THE EXTERIOR OF T'HE HOME HAS BEEN RESTORED. THE INTERIOR fS DATED AND IN NEED OF UPDATING. THE HOME IS CURRENTLY SET UP AS .A TWO UNIT FOR FAMILY MEMBERS. Are there an h steal deficiencies or adverse conditions that atlect the livabilil ,soundness, or structural int ri of the ro ert ? ~ Yes No II Yes, describe Does the roe enerall conform to the net hborhood functional atilt , s le, condition, use, constmction, etc. ? ®Yes No II Ne, describe Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WinTOTAL" appraisal software by a la mode, inc. -1-BOO-ALAMODE Uniform Residential Appraisal Report File# CREEKVW5000 There are 0 com arable ro erties current/ offered for sale in the subject net hborhood ra i in rice from $ 0 to $ 0 There are 3 com arable sales in the subject net hborhood within the ast twelve months ran in in sale rice from $ 240 000 to $ 280 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 5000 Creekview Rd Mechanicsbur PA 17050 221 Cherokee Dr Mechanicsbur PA 17050 413 W Lisburn Rd Mechanicsbur PA 17055 1'24 Bridge St New Cumberland PA 17070 Praximil fa Sub ecf 1.89 miles SE 7.20 miles S 5.60 miles SE Sale Price $ N/A $ 240 000 $ 269,900 $ 280 000 Sale Price/Gross Liv. Area $ s .ft. $ 119.05 s .tt. $ 103.65 5 .h. $ 111.11 s .ft. Data Sources ASMT RECORDS/MLSIAGENT/ ASMT RECORDS/MLS/AGENT! ASMTRECORDS/MLS/AGENT/ Verification Sources SETTLEMENT DEPT. SETTLEMENT DEPT. SETTLEMENT DEPT. VALUE ADJUSTMENTS DESCRIPTION DESCRIPIION + - $ Adjustment DESCRIPTION + - $ Adjustment DESCRIPTION + - $ Adjustment Sales or Financing Concessions CONVENTION NONE KNOW FHA SLRHLP$2 167 CONVENTION NONE KNOW Date of Sale/Fime 11 /18/10 919/10 11 /19/10 Location AVERAGE AVERAGE AVERAGE A'dERAGE Leaseholtl/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site 2.18 ACRES 2.97 ACRES -4 000 .83 ACRES +6 800 .17 ACRES +10 100 View AVERAGE AVERAGE AVERAGE A'/ERAGE Desi n S le 2 STORY 2 STORY 2 STORY 2 STORY Ouali of Construction AVERAGE AVERAGE AVERAGE A'JERAGE Actual A e 127 YEARS 139 YEARS 155 YEARS 84 YEARS Condition AVERAGE BTR AVERAGE -20 000 GOOD -40 000 GOOD -40 000 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 9 4 2 6 3 2.5 -1 000 9 4 2 7 4 2 Gross Livin Area 2 640 5 .ft. 2,016 sq.ft. +15,600 2 604 s .it. 2,520 sq.tt. +3,000 Basement & Firashed Rooms Below Grade FULL BMST REC ROOM FULL BMST UNFINISHED +4 000 FULL BMST UNFINISHED +4 000 FULL BMST REC RM/BAT -1 000 Functional Util' AVERAGE AVERAGE AVERAGE A`JERAGE . Heatin Conlin RAD/NO CA HWlEBBJCA -5 000 HW/NO CA -5,000 R.AD/CA -5,000 ,• Ener Efficient Items TYP FOR AREA TYP FOR AREA TYP FOR AREA TIP FOR AREA Gara a/Carport 3 CAR GARA 3 CAR GARA NONE +15 000 1 CAR GARAG +10 000 - Porch/Patio/Deck PORCHIPATIO PORCH/PATIO PORCH +3 000 PORCHES -3 000 1 FIREPLACE 1 FIREPLACE 1 FIREPLACE 1 FIREPLACE NONE POOL -8 000 POOL -8 000 POOL -8 000 NONE NONE NONE NONE • Net Adjustment otal + $ -18 400 + $ -24 200 + - $ -33 900 Adjusted Sale Pdce of Com arables Net Adj. 7.7 % Gross Ad'. 24.0 % $ 221 600 Net Adj. 9.0 % Gross Ad'. 30.3 % $ 245 700 Net Adj. 12.1 % Grpss Ad . 28.6 % $ 246 100 - I did did not research the sale or transfer histo of the subject rope and com arab le sales. It not, ex lain M research did did not reveal an rior sales or transfers of the subject roe for the three ears rior to the effective date o1 thi<. a raisal. Data Sources LOCAL TAX ASSESSMENT RECORDS M research did ®did not reveal an rior sales or transfers of the com arable sales for the ear rior to the date of sale of the com arable sale. Data Sources LOCAL TAX ASSESSMENT RECORDS Re ort the results of the research and anal sis of the rior sale or transfer histo of the sub' ct roe and com arable sales re ort additiontal rior sales on a e 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sak/Transfer NO PRIOR SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED Price of Prior Sale/Transfer IN THE PAST 3 YEARS IN THE PAST YEAR IN THE PAST YEAR IN THE PAST YEAR Data Sources COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS Effective Date of Dala Source 5 08/26/11 08726111 06/26/11 08/26/11 Ana sis of rior sale or transfer histo of the sub'ec1 ro ert and co arable sales There were no unusual characteristics observed in the rior sales histo of the sub'ect ro ert or com arable sales. Summa of Sales Com orison A roach All three sales are considered to be reliable indicators of value and are wet hied similar/ in the final reconciliation. Com arables sales used are all closed sales. All three com arable sales are located in the same market area as the sub ect ro ert and would be considered b the same ers ective urchaser if all were on the market at [he same time as the sub ect. In order to find com arables sales it was necessa to use less recent sales. Closin costs aid are within the normal 6 ercent a,n ad'usment is not bein made. The fuctional ad'ustment is due to the walkthrou h bedroom.InsufOcien[ sales in close roximit to the sub ect ro ert re uire the a raiser to extend search arameters. In this market area and rice ran a it is not unusual to o a further distance for com arables. Indicated Value b Sales Cam orison A roach $ 230 000 Indicated Value b :Sales Comparison A proach $ 230,000 Cost Approach (if developed) S NIA Income Approach (rf developed) $ N/A This appraisal is made ®'as is', ^ subject to completion per plans and specifications on the basis of a hypothetical condition that fife improvements have been completed, ^ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the • tollowin re wired ins eclion based on the extraordina assum lion that the condition or deficiency does not require alteration or repair: Based on a complete visual inspection of the interior and exterior areas of the subject propertyy, defined scope of work, statement of assumptions and limiting condftions, and appraiser's certrtication, my (our) opinion of the market value, as defined, of fhe real property that is the subject of this report is $ 230,000 as of 07!11/2011 which is the date of ins ctfon and the effective date of this a raisal. Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Main File No. CREEKVW5000 Paae #4 Uniform Residential Appraisal Report ~rileN CREEKVWSDDD AMENDMENT TO SCOPE OF WORK: THE INTENDED USER OF THIS APPRAISAL REPORT IS THE LENDERlCLIENT. THE INTENDED USE IS TO EVALUATE THE PROPERTY THAT IS THE SUBJECT OF THIS APPRAISAL FOR A MORTGAGE FINANCE TRANSACTION, SUBJECT TO THE STATED SCOPE OF WORK, PURPOSE OF THE APPFAISAL REPORTING REQUIREMENTS OF THIS APPRAISAL REPORT FORM AND THE DEFINITION 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. FHA APPRAISALS ARE NO GUARANTEE THAT THE PROPERTY IS FREE FROM DEFECTS. THE APPRAISA',_ ONY ESTABLISHES THE VALUE OF THE PROP RTY FOT MORTGAGE PURPOSES. BUYERS NEED TO SECURE THEIR OWN HOME: INSPECTIONS THROUGH THE SERVICES OF QUALIFIED INSPECTORS. COST APPROAOH TO VALUE (not wired b Fannie Mae) Provide ade uate information for the lender/client to re licate the below cost ti ures and calculations. Su od for the o inion of site value summa of coin arable land sales or other mettads for estimaiin site value ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE __ ___...__..__._ _............__._ .... __ __ _ _$ Source of cost data MARSHALL & SWIFT COST VAULATION SERVICE DWELLING S .Ft. @ $ _........ _$ Oualit raft from cost service AVE. Effective date of cost data 06/2008 S .Ft. $ _.._._.. _$ Comments on Cost A roach ross livin area calculations, depreciation, etc. _._...... _$ Gara elCar ort S .Fl. $ _$ Total Estimate of Cosl-New =$ _.__.._. Less Ph sical Fwctional Er1ernal De reciatien =$ De reciated Cost of Im rovements ___._._._._ ......................._._... _$ "As-is" Value of Site Im rovemenis ......................_..__._._...._ ..__ _$ Estimated Remainin Economic Life HUD and VA Dory Years INDICATED VALUE BY COST APPROACH ,._..___.._..._._______ _..... =5 INCOME APPROACH TO VALU E (riot required by FannlelMae) Estimated Month/ Market Rent $ N!A X Gross Rent Multi tier NIA = $ N!A Indicated Value b Income A roach Summa of Income A roach includin su on for market rent and GRM PAOJECI':INFORMAtION FOR PUDa (If a Ilcable Is the deveb er/builder in control of the Homeowners' Association HOA ? Yes No Unit e s Detached Attached Provide the folbwin information for PUDs ONLY it the develo edbuilder is in control of the HOA and the subject progeny is an attached dwelliri unit. Le al Name of Pro ect Total number of phases Total number of units Total number of units sold Total number of units reined Total number of units for sale Data source(s) • Was the ro'ect created by the conversien of existing building(s) into a PUD? ^ Yes ^ No It Yes, date of conversion. Does the ro'ect contain an m Ili-dwerin units? Yes No Data Source Are the units, common elements, and recreation facilities coin lele? Yes No If No, describe the status of coin letion. Are the common elements leased to orb the Homeowners' Association? Yes [ No If Yes, describe the rental terms and o lions. Describe common elements 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. - 1.800-ALAMODE M i File No. CREEKVW5000 Paoe #5 Uniform Residential Appraisal Report FileA~ CREEKVW5000 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; 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 unit 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 limiting conditions, and certfications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. 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, additional 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 appraiszd 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, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: 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 comipetitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as cif a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (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) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable 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 LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 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 site is located in an identrfied Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, cleterioration, 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 statE:d in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions 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 properly 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 any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, 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 to satisfactory completion, repairs, or alterations 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 oT 6 Fannie Mae Form 1004 March 2005 form 1004 -'WinTOTAL" appraisal software by a la mode, inc. -1-80D-ALAMODE ~n File No. CREEKVW5000 Paae #6 Uniform Residential Appraisal Report File# CREEKVW5000 APPRAISER'S CERTIFICATION: The Appraiser certffies 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 factual, specrfic terms. I identified and reported the physical deficiencies tinat could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Un'rform 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 sale:> comparison approach for this appraisal assigrhment. I further certify that I 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 current 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 in 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 property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price 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 markets reaction to the differences between the subject property and the comparable sales. 10. I verfied, 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 listing 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 ';his appraisal report from reliable sources that I 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 proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, 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 withheld any significant information from this appraisal report and, to the best: of my knowledge, alt statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions 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 ono present or prospective personal interest or bias with respect to the participants in the transaction. 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, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present 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 attainrraent of a specific result or occurrence 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 1:asks 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 ordered and will receive this appraisal report. Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 10D4 -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE ~hlain File No CREEKVW5000 Paae #7 uniform nesiaentiai Appraisal IieporC File>H CREEKVW5000 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organisations; any department, agency, or instrumentality of the United 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 Un'rform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government 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 "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 a:s effective, enforceable and valid as if 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 liability 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, st seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certrfies and agrees that: 1. t 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 responsibility 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 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. 5. If 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 if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER A S TE C RT RESIDENTIAL R.E RAID Signature _ Name Ro K. Banzho Company ame CENT ENN APPRAISAL , I C. Company Address 24 West Main Street. Shiremanstown PA 17011 Telephone Number (717) 737-4600 Email Address bonnie paappraisers.com Date of Signature and Report o6lz9/2o11 Effective Date of Appraisal 07/11/2011 State Certification # Rt~001231L or State License # or Other (describe) State # State PA Expiration Date of Certification or License 06/30/2013 ADDRESS OF PROPERTY APPRAISED 5000 Creekview Rd Mechanicsburg, PA 1705D APPRAISED VALUE OF SUBJECT PROPERTY $ 230,000 LENDER/CLIENT Name Company Name PRIVFj.TE 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 Certification 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 Farm 70 MarcF 2005 Page 6 of 6 Form 1004 - "WinTOTAL° appraisal software by a la mode, inc. -1-BOO-ALAMODE F;3nnie Mae Form 1004 March 2005 ((y~Lri File No CREEKVW5000 Paae #8 Subject Photo Page Borrower/Client N/A Pro a Address 5000 Creekview Rd Citv Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE Subject Front 5000 Creekview Rd Sales Price N/A Gross Living Area 2,fi40 Total Rooms 9 Total Bedrooms 4 Total Bathrooms 2 Location AVERAGE View AVERAGE Site 2.18 ACRES Quality AVERAGE Age 127 YEARS Subject Rear Subject Street Form PICPIX.SR - "WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Interior Photos File No. CREEKVW5000 Paoe #9 Borrower/Client NIA Pro erty Address 5000 Creekview Rd Cii Mechanicsbur Coun CUMBERLAND Stale PA i:i Code 17050 Lender PRIVATE Form PICINT6-'WinTOTAL' appraisal software by a la mode, inc. -1.800-ALAMODE Interior Photos ~aiaFile No. CREEKVW5000 Paoe #10 Borrower/Client NlA Propert Address 5000 Creekview Rd Cit Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE Form PICINT6 - °WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Main File No. CREEKVW5000 P e #11 Photograph Addendum Borrower/Client N/A Propert Adtlress 5000 Creekview Rd Ci Mechanicsburg County CUMBERLAND State F'A Zi Code 17050 Lender PRIVATE Form PIC6_LT - °WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE ~ajp File No CREEKVW5000 Paae #i2 Comparable Photo Page Borrower/Client N!A Pro eft Addfess 5000 Creekview Rd C, Mechanicsburg County CUMBERLAND State _PA Zio ode 17050 Lender PRIVATE Comparable 1 221 Cherokee Dr Prox. to Subject 1.89 miles SE Sates Price '.240,000 Gross Living Area 2.016 Total Rooms G Total Bedrooms 3 Total Bathrooms 2.5 Location ,OVERAGE View ,OVERAGE Site 2.97 ACRES Quality AVERAGE Age 139 YEARS Comparable 2 413 W Lisburn Rd Prox. to Subject 7.20 miles S Sales Price ?69,900 Gross Living Area S?,604 Total Rooms 9 Total Bedrooms 4 Total Bathrooms S? Location AVERAGE dew AVERAGE Site 63 ACRES Quatity AVERAGE Age 155 YEARS Comparable S 1724 Bridge St Prox. to Subject `x.60 miles SE 5alesPrlce 2:60,000 Gross Living Area 2:,520 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2 location F~VERAGE View F~VERAGE Site 17 ACRES Quality F~VERAGE Age 84 YEARS Form PICPIX.CR -'WinTOTAL' appraisal software by a la mbde, inc. - 1-800-ALAMODE ~1-in file ND. CREEKVW5000 Paae #13 Building Sketch Bonower/Client N/A Pro rt Address 5000 Creekview Rd City Mechanicsburg County CUMBERLAND Stale PA Zi Cade 17050 Lender PRIVATE 18.0' 18.0' 20.0' ",",,,. ~..w "~ "."" 20.0' "xro~ e.n 10.0' 10.0' 30.0' e.d~,,. 30.0' 30.0' ,~ 30.0' ..a..~, 32.0' ..m,.~„ 32.0' sxxnn .ivn Comments: Code AfkEA CALCULATIONS SUMMARY Description Sae Nst Totals GLAl Firati Floor 1320.00 1320.00 GI.A2 Second Floor 1320.00 1320.00 TOTAL LIVABLE (rounded) 2640 LIVING AREA BREAKDOWN Breakdown Subtotals First Flooz 16.D x 20.0 360.00 30.0 x 32.0 960.00 Second Flooz 18.0 x 20.0 360.00 30.0 x 32.0 960.00 4 Calculations Total (rounded) 2640 Form SKT.BIdSkI - "WinTOTAL" appraisal software by a la mode, inc. - 1-8DD-ALAMODE ~r File No CREEKVW5000 Paoe #14 Location Map Borrower/Client N/A Pro ert Address 5000 Creekview Rd Ctl Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE ~ " "' I ICI a la mode, int' p ~ ~,~,_) »«s f~ f.aa..,.~~IMnaaa. . MarysNtk ~~~ v Susque ~ , .w - .. ~ ~ lovnshro Reysviu~ . . aye lawnsMp ~::k ; . t~~ . ~ . . Vv H5.11i,ii.ri: i .. w. _Y ." :: r!} '- ~- ~ t fh - ._ ,.. urae rtl ... ~ _ . 19"f: ~ r, v~ w I10= v - ~ '•t 4 -. n"wra c '.n,w~. w 4ootl M Jvs• ~? 'M 1: ' - v~ ~ Hus ~ y rom ~ _ ~ ~ JJPv . uk ~, s ~ tWge}rosVn ~ , t.. I -' k i ~ , - .,,y ~~ ~~ ri $PCljl^.q Mill y,{o3+ ~~~~.~.~yqp ~ ~.E'gtY .. MiRV""~f ._ .ra4<r ie.~ -Slw .4 m.1u+- ,r° .s W vl.n ', '~ L~ mnwnsrmm :q. IHII~ 3wep n Mdl- s . n~:uuw rat ~~.. ._ • v+ ' e.rv4t 3~;° ` ~ ~>kBa L0 ~¢ ?b hY- «w ~ v ~ .; ~. vm..~ ~~;. 4 - ,. ~- aa~„np.^ iJ ._ a..2,- .~ nny yF r~ ~ <k ~ ~-~ ~ ~y w:Y ss.~H,~.w tlahmcnulak yr...• u,bum v " , ~ Mewl lfl"~u 4~' Gioia Syry,.<r. ~ ~N>•,~ A~vMneniawn SMtlcnspurg ~u. ~~~ hbnagNn ~ ~ IprvmMp G.-Trill Icwnstup ~+ L ~ a _. c-, ., zuro ~,R` br ~ `"~, Na3vw LrMs form MAP.LDC - "WinTOTAL" appraisal software by a la mode, inc. -1-800•ALAMODE ~ i ~jle No CREEKVW5000 Paa 1 Plat Mao Form MAP.PLAT - "WinTOTAL" appraisal software by a la mode, inc. - 1.800•ALAMODE tv;ain file No CREEKVW5000 Paae #16 Addendum ~ ~ ~ ~.0 ~6654~D~.;~ CommvnN~ealth of Pertnsyl~•ania w Bureau-of Pra . ,vt~"~~~'nij~C~ ~ tionai Affairs p[-Ro ~(i'~'Tlar,isbu~ !'•C•y'~1 -259 ~~~ ~Certi~c~teTvp~~ Certified Residential Appraiser ROBERT HEtTH BANZHOFF eEOGEWOODDRNE MECHANICSBURG PA 17055 0 ; ..:, tY •ia• ~ ~ "' _ 'GerflGcate Stflt¢s _ ' ~ y+ ' ' ~ : ~~ ' i ` ~ ~ ~ ~' ~ }_ t Acfive ! a ~ ~ , ~ ~ / Y ~ ~ u I~ •~:~~<< .___ -,~ Initial Cet~tircatirrn Dut e j Gertlficate ~~ Number ~ RC001231L Expiration Dutc 1 ~ ,, ~ '~ ~- F ~ n.:iinp Comrross+aier oi'PCCnes=u>nal a~~7 <Acujxnt~imu' ~~~Im~> D6t3D/2D13 i --~~ ~ ~• ,~~~nr"~~~ / ti Form SCNLGL -'WinTOTAL" appraisal software by a la made, inc. - 1-800-ALAMODE M~ajnFileNo CREEKVW4900 Paoe#1 SUMMARY OF SALIENT FEATURES Subject Address 4900 Creekview Rd Legal Description DEED 8O0K and PAGE 00248 PAGE 00459 City Mechanicsburg County CUMBERLAND State PA Zip Cotle 17050 Census Tract 0113.01 Map Referdnce 2741 C-8 Sale Pdce $ N/A Date of Sale NIA Borrower/Glient NIA Lender PRIVATE Size (Square Feet) 1,632 Price per Square Foot $ Location AVERAGE Age 81 YEARS Condition AVERAGE Total Rooms 6 Bedrooms 3 Baths 1.5 Appraiser Robert K. Banzho(f Date of Appraised Value 07/11/2011 Opinion or'Value $ 220,000 Form SSD3 -'WinTOTAL" appraisal software by a la mode, inc. -1.800-ALAMODE Central Penn Appraisals, Inc. (717) 737.4600 uniform Residential Aooraisal Resort File# CREEKVW4900 The ur ose of this summa appraisal re ort is to rovide the lender/client with an accurate, and ade uatel su ported, opinion of the market value of the subject propen . Pro ert Address 4900 Creekview Rd Cit Mechanicsbur State PA Zi Code 17050 Borrower N/A Ownecof Public Record. Estate: Fetrow Harold / Kathr n Coun CUMBERLAND Le al Description DEED BQOK and PAGE 00246 PAGE 00459 Assessor's Parcel # 10-16-1060-010 Tax Year 2011 R.E. Taxes $ 2,550 Nei hborhood Name RAMP EN TOWNSHIP Ma Reference 2741 C-8 Census Tract 0113.01 Occupam Owner Tenant Vacant S ecial Assessments $ N/A PUD HDA $ NIA per ear ^ er month " Pro a Ri hts A raised Fee Sim le Leasehold OOrer describe Asst nment T e ^ Purchase Transaction ^ Refinance Transaction ®Other describe This a raisal is for rivate use and not mort a e ur oses. Lender/Client PRIVATE Address Is ttre sub' t ro ert cunen0 '' offered for sale or has tl been offered for sale in the twelve months rior to the effective date of this a raisal? ^Yes ®No Re ort data sources used, offarin rice s and dates . MLS I [] tlitl ^ did not analyze'the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not performed. NIA Contract Price $ N/A Date of Contract N!A Is the ro seller the owner of ubFc record? ®Yes ^ No Dala Sources TXCRD/CNTRCT Is there any financial assistance (loan charges, sale concessions, grtt or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? ^Yes ^ No II Yes, re ort the total dollar amount and describe the items to be aid. NIA N/A Note: Race and the racial co osition of the net hborhood are not a raisal factors. Nei hborhood C aracteriatics One-Unft Housin "Trends: Ohe-UnifHousing Preserd Land Use °k Location Urban Suburban Rural Pro ert Values Increasin Stable Declinin PRICE AGE One-Unit 75 % Buik•U Over 75% 25-75% Under 25% Demand/Su I Shorta a In Balanee Over Su I $ 000 rs 2.4 Unit 0 % Growth Ra id ®Stable Slow Marketin Time Under 3 mths ®3-6 mths Over 6 mths 120 Low 0 Multi-Famil 0 % Nei hborhood Boundaries The home is located between Routes 11 and 944 between Route 581 and Orrs 650 Hi h 100+ Commercial 5 % Brid a Road in Ham derh Townshi 250 Prod. 20 Other 20 % Nei hborhood Descri lion This suburban area has eas access to em to ment and services and is com etitive with other net hborhoods in the eneral area. Most have:. similar amenities. Market Conditions includin s ort for the above conclusions The market is still relative) ood in this area with lower than avera a unem to ment rates and continui low inirestl rates. Dimensions SEE PLOT PLAN Area 6 ACRES Sha a IRREGULAR View AVERAGE S ecific Zoni Classification T RESIDENTIAL TOWN Zonin Descri lion SINGLE FAMILY RESIDENTIAL PERMITED Zonin Com fiance Le al ' Le al Nonconformin Grandfathered Use No Zorn III al describe Is the hi hest and best use o1 siubject pro ert as im roved or as ro osed per tans and s ecifications the presets use? Yes No ff No, describe THE CURRENT ZONING AL WS FOR ATACCHED AND DETACHED HOUSING Utflftias Public Other ( scribe) Public Other (describe) Oft-sae kn rovemerds - T Public Private Elecldci ® Water Street ASPHALT Gas ^ ^ ONE Sanita Sewer ® ^ Alle NONE ^ ^ FEMA Special Flood Hazard Area Yes No FEMA Fbod Zone X FEMA Ma # 42041 C0113E FEMA Ma Date 3/1612009 Are the utilities and oft-site im ovemenls ical for the market area? Yes No g No, describe Are there an adverse site con itions or external factors easements, encroachments, environmental conditions, land uses, etc. ? Yes No M Yes, describe GeheraLDescri tin ': Foundation Exterior Descri tion materials/condftfon Interior materials/condition Units One One with Aecesso Unit Concrete Slab Crawl S ace Fourulation Walls CONBLK/AVE Fbors WOODNINYUAVE # 01 Stories 1.5 Full Basement Partial Basement Exterior Walls ALUMINUMIAVE Walls DRYWALL/AVE T e Det. Att. SDetJEnd Unit Basement Area 1 122 s .fi. Root Surface SHINGLElAVE TrintVFinish WOOD/AVE Fxisti Pro osed Under Const. Basement Finish 20 % Gutters & Downs Dols ALUMINUM/AVE Bath Floor CERAMICIAVE Desi n S le 1.5 STOIRY Outside Entry/Exit Sum Pum Window T e DBL HUNGlAVE Bath Wainscot CERAMIC/AVE Year Buifl 1930 Evidence of Infestation Storm SasttAnsulatetl INSULATED/AVE Car Store a None Eflective Age rs 20 ^ Dampness Settlement Screens YES/AVE Drivewa # of Cars 2 Attic Noe Heatin FWA HWBB Radiant Amenities Woodstove s # Drivewa Sudace STONE Dro Stair Stairs Other Fuel OIL Fire laces # 1 Fence Gara e # of Cars Fbor Sc the Cooli Central Air Contlitioni Patio/Deck Porch Car on # of Cars ^ Finished ^ He tetl ^ Individual ^ Other ^ Pool ^ Other ^ Att. ^ Det. ^ Built-in A liances ^ Refri erator Ran elOven ®Dishwasher ^ Dis osal ®Microwave ^ Washer/Dr er ^ Other describe Finished area above rode con airs: 6 Rooms 3 Bedrooms 1.5 Baths 1 632 S ogre feet o1 Gross Livin Area Above Grade . Additional features s ecial ever efficient items, etc.. PART FINISHED ROOM IN THE BASEMENT Describe the condition o1 the rto a includin needed re airs deterioration renovations, remodelin ,etc.. These im rovements are of avera a ualit frame design and reflect averadne maintenance. Are there any physical deficiendies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes No 11 Yes, describe Does the property generally cofiferm to the neighborhood (functional utility style, condition, use, construction, etc.)? ®Yes ^ Na If No, descdbe Freddie Mac Form 70 March 2005 Page 1 of 6 f=annie Mae Form 10D4 March 2005 Form 1004 - "WinTOTAI' appraisal software by a la mode, inc. - 1-BDO-ALAMODE min File No CREEKVW4900 Paoe #3 I Inifnrm RP.Si(1P.ntiAl A~DfalSal REDOPt FuAa caeFKVwasoo There are 2 comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 199,000 to $ 210 000 There are 5 com arable sales in the sub ect net hborhood within the ast Twelve months ran in to sale rice Irom $ 179 900 to $ 285 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 _COMPARABLE SALE # 3 Address 4900 Creekview Rd 6938 Werizville Rd 254 N Locust Point Rd 2195 Valley St Mechanicsbur , PA 17050 Enola PA 17025 Mechanicsbur PA 17050 Enola, PA 17025 Proximit to Sub'ecl 3.20 miles NW 5.82 miles SW 2.02 miles NE Sale Price $ N/A $ 190.000 ' r $ 189.900 $ 179,900 Sale PricelGrass Liv. Area $ s .11. £ 139.71 s .tt. ~ $ 135.06 s .tt. $ 144.15 s .tt. " Data Sources ASMT RECORDS/MLS/AGENT/ ASMT RECORDSIMLSlAGENT/ ASMT RECORDS/MLSIAGENT! Ver'rficalion Sources VALUE ADJUSTMENTS ' DESCRIPTION SETTLEMENT D DESCRIPTION EPT. + - $ Ad'usimenl SETTLEMENT D DESCRIPTION EPT. + - $ Ad'uslment SETTLEMENT D DESCRIPTION EPT. + - $ Ad'usiment Sales ar Rnancing Concessions FHA SLRHLP$5,000 FHA SLRHLP$5 400 CONVENTION SLRHLP$2 500 Date of5alelfime 1!20111-32DM 612811 0-1 1DOM 11/24!10-BDM Location AVERAGE AVERAGE AVERAGE AVERAGE Leaselald/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le She 6 ACRES 90 ACRES +25 500 .65 ACRES +26 800 3.02 ACRES +14 900 View AVERAGE AVERAGE AVERAGE P.VERAGE Desi n Style 1.5 STORY RANCH 1.5 STORY 1.5 STORY Quali of Construction ' AVERAGE AVERAGE AVERAGE P,VERAGE Actual A e 81 YEARS 36 YEARS 70 YEARS 61 YEARS Condition AVERAGE AVERAGE AVERAGE P,VERAGE Above Grade Total 8drms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 6 3 1.5 6 3 1.5 7 4 2 -3 000 5 3 1 +1 000 Gross Livin Area 1,632 s .it. 1,360 s .tt. +4,100 1 406 s .tt. +3 400 1,248 sq.ft. +5 700 Basement & Finished Rooms Below Grade PART BMST PART FINISH FULL BMST REC ROOM -2 000 FULL BMST REC ROOM -2 000 FULL BMST FtEC RMBAT -3 000 Functional Utili AVERAGE AVERAGE AVERAGE F~VERAGE Heati Coolin FAICA HPICA FA1CA FFVCA ,• Ener Efficient Items TYP FOR AREA TYP FOR AREA TYP FOR AREA lYP FOR AREA Gera elCarpod NONE CARPORT -2 500 2 CAR GARAG -8 000 1 CAR GARAG -4,000 PorchlPatio/Deck PORCHIDECK PATIO +1 500 PORCH/DECK PORCH/PATI 1 FIREPLACE 1 FIREPLACE NONE +3 500 PJONE +3,500 NONE NONE NONE PJONE NONE NONE NONE PJONE • Nel Ad'ustment otal + - $ 26 600 + - $ 20 700 + - $ 18 100 Adjusted Sale Price of Com arables Net Adj. 14.0 % Gross Ad'. 18.7 % $ 216 600 Net Adj. 10.9 % Gross Ad'. 24.6 % $ 210 600 Plet Adj. 10.1 % Eiross Ad'. 17.8 % $ 196 000 I did did not resear h the sale or transfer histo of the subject pro a and com arable sales. If rrot, ex lain M research did di not reveal an rior sales or transfers of the subject roe for the three ears rior to the effective date of this a raisal. Data Sources LOCAL T ASSESSMENT RECORDS M research did di not reveal an rior sales or transfers of the com arable sales for the ear rior to the date of sale of the com tarable sale. Data Sources LOCAL T ASSESSMENT RECORDS Re od the results o1 the research and anal sis o1 the rior sale or transfer histo of the subject ro ed and com arable sales re ort additional rior sales on a e 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale/Transier NO PRIOR SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED Price of Prior Sale/Transfer IN THE PAST 3 YEARS IN THE PAST YEAR IN THE PAST YEAR IN THE PAST YEAR Data Sources COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS Effective Date gf Data Source 8123111 8/23/11 8123111 8123111 Ana sis of rior sale or transfier histo of the subject ro ert and com arable sales There were no unusual characteristics observed in the rior sales histo of the sub'ecl ro ert 'r com arable sales. Summa of Sales Com ariso A roach There were no real/ ood com arables for the sub'ecl ro ert . W ith a lack of sales with closer aces e home choosen were on s closer in size and a e as the sub ecl. Due to to lack of home with aces a the lot size adjustments are hi her than normal. Insufficient sale in close roxim6 to the sub'ect ro ert re uire the a raiser to eMend search ammeters. In this market area and rice ran a it is not unusual td o a further distance for com arables. Indicated Value b Sales Com orison A roach $ 220 000 Indicated Value b :Sales Comparison Approach E 220 000 Cost A proach (if developed) S NIA Income A proach (tl developed) $ N!A This a raisal is bein dom le[ed as a sin le Tamil home and not for develo ment ur oses. • This appraisal is made ®'as is", ^ subject to completion per plans and specifications on the basis of a hypothetical condition That the improvements have been completed, ^ subject to the following repairs or aherations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the • following required inspection >ased on the extraordinary assumption that the condition or deficiency does not require aheration or repair: " Based on a complete visa I inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting conditions, and appraiser's certdicatron, my (our) opinion of the market value, as defined, of the real property that Is the subject of this report Is $ 220,000 as of ' 0711 1 /2 01 1 which Is the date of ins Ilion and the effective date of this a raisal. Freddie Mac Form 7D March 2005 Page 2 of 6 Fannie Mae Form 1 ou4 Marcn zuub Form 1004 -'WinTOTAL" appraisal software by a la mode, inc. - 1.800-ALAMODE Uniform Residential Appraisal Report 1=ileff CREEKVW4900 AMENDMENT TO SCOPE OF WORK: THE INTENDED USER OF THIS APPRAISAL REPORT IS THE LENDEFt1CLIENT. THE INTENDED USE IS TO EVALUATE THE PROPERTY THAT IS THE SUBJECT OF THIS APPRAISAL FOR A MORTGAGE FINANCE TRANSACTION SUBJECT TG THE STATED SCOPE OF WORK, PURPOSE OF THE APPRAISAL, REPORTING REQUIREMENTS OF THIS APPRAISAL REPORT FORM AND THE DEFT ITION OF MARKET VALUE AS DEFINED BY FANNIE MAE OR FREDDIE MAC. This a raisal assumes reasonable marketin eriod for the sub act ro ert of three months. The Market A roach reflects recent activit in the market lace. The Inco e A roach is ina ro riale because few sin le faint) houses are rented in this market. In view of the a e of these im rovements the CosYA roach cannot be considered an accurate indicator of value. THIS IS A SUMMARY REPORT OF A COMPLETE APPRAISAL. APPRAISER ACKNOW ' EDGEMENT: APPRAISER ACKNOWLEDGES AND AGREES IN CONNECTION WITH ELECTRONIC SUBMISSION OF APPRAISALS AS F LLOWS: THE SOFTWARE UTILIZED BY THE APPRAISER TO GENERATE THE APPRAISAL PROTECTS • SIGNATURE SECURI BY MEANS OF DIGITAL SIGNATURE SECURITY FEATURE WHICH LOCKS THE REPORT WITHIN OUR OFFICE AND CAN NOT BE ALT RED BY ANYONE OTHER THAN OUR OFFICE. • APPRAISER CERTIFIC be used in a federal) re TION: APPRAISER STANDARDS: 1 acknowled a and certif that I m a raisal of thin above referenced ro ert ma led financial transaction sub'ect to re uirements of Title XI of the Financial Institution Reform Recove and Enforcement Acl of 1989 FIRRFh" a raisal was coin late knowled a and a erie' not based on a re ueste a raisal roducin a s s ecific value iv m e me nor an arson with ii the a raisal must coin 1 with FIRRFA and the a licable re ulations im lemenlin Title IX of Firrea and iii the in accordance with USPAP. APPRAISER COMPETENCY: I certi that I am Lull ualrficrd and coin etent b trainin ce to erform this a raisal. APPRAISER INDEPENDENCE: Ire resent and certif that t the a raisal asst nment was minimum valuation, a s ecific valuation or the a royal of a loarc ii m em to ment was not conditioned u on the ec'dic value or value within a iven ran e' iii m future em to ment is not de ndent u on an a raisal roducin a to ment, coin ensation and future em to ment are not based u on whether a loan a lication was a roved; v neither n ownershi interest in the coin an em to in me is related to or has an ownershi or other financial interest in either the builder/develo er s transaction for which thi Iler bu er, mort a e broker or real estate brokerlsales arson or an arson related to a~n of them involved in the a raisal was re nested or with the most recent sale or refinancin of an ro art used as a coin arable ro ert in this a raisal and vi I am of aware of an facts which would dis uali me from bein considered an inde endent a ~ raiser. COST APPROACH TO VALUE (not r wired b Fannie Mae) Provide ode note information f r the lender/client 1o re licate the below cost fi ores and calculations. Su ort for the o inion of site aloe summa of coin arable land sales or other methods for estimatin site value ESTIMATED REPRODUC1110N OR REPLACEMENT COST NEW OPINION OF SITE VALUE ....__........._._......_._ .___ _ _______. _ _$ Source of cost data MARS ALL & SW IFT COST VAULATION SERVICE DWELLING S .Ft. @ $ _.__..._ _$ Quali rati from cost servic' AVE. Effective date of cost data 0612008 S .fl. $ _$ - Comments on Cost Ap roach ross livin area calculations, de reciation, etc. _$ Gara elCar ort S .Ft. $ _$ Total Estimate of Cast-New =$ Less P sical Functional Eternal De reciation =$ De reciatetl Cost of Im rovements ........._._____...__.....___.._._. _$ "As-is" Value of Site Im rovemens ......__.__..___.....__..._..__.__.... _$ Estimated flemaining Economi Life HUD and VA onryl Years INDICATED VALUE BY COST APPROACH ._.__ _... ___ _._ =5 INCOME,APPROACH TO YALU E'(not requiretlby Fannie Mae) • Estimated MonlN Market Ren $ N!A X Gross Renl Mutti tier N!A = $ N/A Indicated Value b Income A roach Summa of Income A roach) inclutlin su ort for market rent and GRM PROJECT INFORMATION FOR PUDs (1f a Iica6k) Is the deveb r/builder in con of of the Homeowners' Association HOA ? Yes No Unii e s Detached Attached Provide the iolbwi iniormati~n for PUDs ONLY if the develo er/builder is in control of the HOA and the sub'ect roe is an attached tlwellin unit. Le al Name of Pro act • Total number of hoses Total number of units Total number of units sold Total number of units rented Total number of units for sale Data source s • Was the ro'ect created b the'conversion of existin buildin s into a PUD? Yes No II Yes, dale of conversion. Does the project contain any r~ufli-dwelling units? ^ Yes ^ No Dala Source Are the units, common elemenl~, and recreaticn facilities complete? ^ Yes ^ No It No, describe the status of completion. Are the common elements leas$tl to or by the Homeowners' Association? ^ Yes ^ No It Yes, describe the rental terms and options. Describe common elements an~ recreational facilities. Freddie Mac Form 70 Marcf• 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Uniform Resldentlal Appralsai Report Filoa CREEKVW4900 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report ari appraisal of a manufactured home or a unit 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 assumptioins and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of wbrk 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, additional 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: Thle scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements lof this appraisal report form, including the following definition of market value, statement of assumptions and limitinjg conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interioU and eMerior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from'at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or hBr analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The Intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKl~T VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informeid or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allovyed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special of creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the colmparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those cots which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable sine the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be malde 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 LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will npt be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that'. the title is good and marketable and will not render any opinions about the tiitle. 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 @xamined 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 si1:e is located in an identified Special Flood' Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this 'determination. 4. The appraiser will nmt give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangednents to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has rioted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous 'wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of quring the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser hats no knowledge of any hidden or unapparent physical deficiencies or adverse conditions 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 assum~sd that there are no such conditions and makes rho guarantees or warranties, express or implied. The appraiser will not be re:>ponsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser Is not an expert in the field of environmental hazards, 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 to satisfactory completion, repairs, or Iterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a prof•ssional manner. Freddie Mac Form 70 March $005 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL' appraisal software by a la mode, inc. - 1-80aALAMODE Uniform Residential Appraisal Report File# CREEKVW4900 APPRAISER'S CERTIFICATION: 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 factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with 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 $ppraisal report was prepared. 4. I developed my opirjion of the market value of the real property that is the subject of this report based on the sales comparison approach tpp value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assigrhment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum' of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verifie analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of ~he comparable sale, unless otherwise indicated in this report. 7. I selected and used Comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adju$tments 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 di$interested source, all information in this report that was provided by parties who have a financial interest in the sale or financing ofl the subject property. 11. I have knowledge end experience in appraising this type of property in this market area. 12. I am aware of, andl,have access to, the necessary and appropriate public and private data sources, such as multiple listing 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 I (believe to be true and correct. 14. I have taken into gonsideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous (wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or than I became aware of during the research involved in performing this appraisal. I have consldered these adverse conditions in rryy 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 knowingjly withheld 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 correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present qr 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 transaction. I did not base, either partially or completely, my analysig and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment a~hd/or compensation for performing this appraisal or any future or anticipated 2~ppraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific',value, apredetermined 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 occurrence of a specific subsequent event (such as approval of a pending mortgage loan applicatilon). 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 perforrnance of this appraisal or the preparation of tryis 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 jn 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 ordered and will receive phis appraisal report. Freddie Mac Form 70 March'2005 Page 5 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WinTOTAL" appraisal soliware by a la mode, inc. - 1-80aALAMODE sin File No CREEKVW4900 Paoe #7 Uniform Residential Appraisal Report File# CREEKVW4900 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market pamicipants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrument$lity of the United 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 Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors anti assigns, mortgage insurers, government 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 "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 if 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 ire civil liability 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 APPFIAISER'S CERTIFICATION: 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, stdtements, conclusions, and the appraiser's certification. 2. I accept full responlsibility 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 identiified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is quall'rfied 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 Professional Appraisal Practice that were adopted and promulgated by the F~ppraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If 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 if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER A S TE C RT RESIDENTIAL R.E RAIS Signature Name Ro K. Banzh ~ Company ame CENT ENN APPRAISAL I C. Company Address 241uVest Main Street Shiremanstown PA Telephone Number (71'71737-asoo Email Address bonnie .paappraisers.com Date of Signature and R@port 09/29/2011 Effective Date of Appraisal 0711 v2o11 State Certification # RL001231L or State License # or Other (describe) State # State PA Expiration Date of Certification or License Os130i2013 ADDRESS OF PROPERTY APPRAISED 4900 Creekview Rd Mechanicsburg PA 17050 APPRAISED VALUE OF SUBJECT PROPERTY $ 220,000 LENDER/CLIENT Name Company Name PRIVIPTE 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 Certification 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 eMerior 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 Form 1004-'WinTDTAL` appraisal software by a la mode, inc.-1-800-ALAMOOE Fannie Mae Form 1004 March 2005 Uniform Residential Appraisal Report File# CREEKVW4900 FEATURE SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6 Address 4900 Creekview Rd Mechanicsbur , PA 17050 5243 Meadowbrook Dr Mechanicsbur , PA 17050 7522 Wentzville Rd Carlisle PA 17015 Proximi to Sub'ect 0.58 miles S 7.37 miles W Sale Pdce $ N!A $ 211 900 $ 285 000 $ Sale Price/Gross Liv. Area $ s .fi. $ 116.43 s .ti. $ 156.94 5 .h. $ s .it. Data Sources ASMT RECORDSIMLSIAGENT/ ASMT RECORDS/MLS/AGENT! Verification Sources SETTLEMENT DEPT. SETTLEMENT DEPT. VALUE ADJUSTMENTS OESCRIPTION DESCRIPTION + - $ Ad'usfinent DESCRIPTION + • $ Ad'usiment DESCRIPTION + - $ Ad'ustment Sales or Financing Concessions CONVENTION SLRHLP$7,000 VA SLRHLP$8 000 Date of Sale/Time 12/30/10-82DM 11!22/10-153D Location AVERAGE AVERAGE AVERAGE Leasehold/Fee Si le ' Fee Sim le Fee Sim le Fee Sim le Siie 6 ACRES .35 ACRES +28 300 7.01 ACRES -5 100 View AVERAGE AVERAGE AVERAGE Desi n S le ' 1.5 STORY 2 STORY SPLITLEVEL ~ Quali of Construction I AVERAGE AVERAGE AVERAGE Actual A e 81 YEARS 38 YEARS 43 YEARS ' Condition AVERAGE BTR AVERAGE -10 000 AVERAGE Above Grade Total Bdrms. Battrs Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 6 3 1.5 7 3 2.5 -4 000 7 4 2 -3 000 Gross Livin Area 1 632 s .it. 1 820 s .tt. -2 800 1,816 s .it. -2 800 s .ft. Basemen/ & Finished Rooms Below Grade PART BMST PART FINISH FULL BMST PART FINISH FULL BMST REC ROOM -2 000 Functional Ulili AVERAGE AVERAGE AVERAGE Healin Conlin FWCA HP/CA EBB/NO CA +4 000 Ener Efficient Items TYP FOR AREA TYP FOR AREA TYP FOR AREA tiara e/Car oR ' NONE 1 CAR GARAG -4 000 4 CAR GARAG -16 000 Porch/Patio/Deck PORCH/DECK PATIO +1 000 PORCH/PATI 1 FIREPLACE 1 FIREPLACE 1 FIREPLACE NONE NONE OUT BUILDING -4 000 NONE NONE NONE Net Ad'usiment Dial + $ 8 500 + - $ -28 900 + - $ Adjusted Sale Price of Com arables Re R the results of the resear Net Adj. 4.0 % Net Atlj. 10.1 % Gross Ad'. 23.6 % $ 220 400 Gross Atl'. 12.9 % h and anal sis of the riot sale or transfer hislo of the sub' ct ro Ry and compara $ 256 100 ble sales re oR additi Net Adj. % Gross Ad'. % $ onal prior sales on a e 3 . REM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6 Date of Prior Sale/Transfer NO PRIOR SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTS.D PRce of Prior Sale/Transter IN THE PAST 3 YEARS IN THE PAST YEAR IN THE PAST YEAR Data Sources COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS Etlective Date of Data Sources 8123111 8/23!11 8123!11 Anal sis of riot sale or trans! r histo of the sub'ect ro eR and com arable sales Anal sislComments Freddie Mac Form 70 Marchh 2005 f~annie Mae Form 1004 March 2005 Form 1004.(AC) -'WinTOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Subject Photo Page BorrowerlClient NIA Property Address 4900 Creekview Rd City Mechanicsburg County CUMBERLAND State PA Zi Code 17050 I ender PRIVATE Subject Front 4900 Creekview Rd Sales Price IVIA Gross Living Area 1,632 Total Rooms G Total Bedrooms 3 Total Bathrooms 1.5 Location AVERAGE View ~4VERAGE Site 13 ACRES Quality AVERAGE Age I31 YEARS Subject Rear Subject Street Form PICPIX.SR -'WinTOTAL' appraisal software by a la mode, inc. - t •800-ALAMODE Interior Photos Borrower/Client N/A Properly Address 4900 Creekview Rd Cit Mechanicsbur Coun CUMBERLAND Staie PA Zi Code 17050 Lender PRIVATE Form PICINT6 - "WinTOTAL' appraisal software by a la mode, inc. - 1-800•ALAMODE File No CREEKVW490D Paae #11 Interior Photos Burrower/Client N/A Pro Address 4900 Creekview Rd ~iy MecharNicsburg County CUMBERLAND State PA Zi Code 17050 Lnder PRIVATE Form PICINT6 -'WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE ~aln File No CREEKVW4900 Paoe #12 Comparable Photo Page Bortower/Client N1A Property Address 4900 Creekview Rd --- C',it Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE Comparable 1 6938 Wertzvilie Rd Prox. to Subject 3.20 miles NW Sales Price 190,000 Gross Living Area 1,360 Total Rooms E Total Bedrooms Total Bathrooms 1.5 Location AVERAGE View AVERAGE Site 90 ACRES Qualgy AVERAGE Age 36 YEARS Comparable 2 254 N Locust Point Rd Prox. to Subject :i.82 miles SW Sales Price '189,900 Gross Living Area 1,406 Total Rooms 7 Total Bedrooms ~l Total Bathrooms 2 Location AVERAGE View AVERAGE Site 65 ACRES Quality .AVERAGE Age 70 YEARS Comparable 3 2195 Valley St Prox. to Subject 2.02 miles NE Sales Price 179,900 Gross Living Area 1,248 Total Rooms 5 Total Bedrooms 3 Total Bathrooms 1 Location AVERAGE View AVERAGE Site 3.02 ACRES Quality AVERAGE Age 61 YEARS form PICPIX.CR - "WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Comparable Photo Page fain File No •R KVW4 00 Paae #14 Borrower/Client N/A Pro ert Address 4900 Creekview Rd Cit Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE Comparable 4 5243 Meadowbrook Dr Prox. to Subject 0.58 miles 5 Sales Pdce 211,900 Gross Living Area 1,820 Total Rooms 7' Total Bedrooms 3 Total Bathrooms 2.5 Location AVERAGE View AVERAGE Site „s5 ACRES Quality AVERAGE Age 38 YEARS Comparable 5 7522 Wertzv311e Rd Prox. to Subject 7.37 miles W 5alesPrice 285,000 Gross Living Area 1,816 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 2 Location AVERAGE View AVERAGE Site 7.01 ACRES Quality AVERAGE Age 43 YEARS Comparable 6 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PICPIX.CR - "WinTOTAI' appraisal software by a la mode, inc. -1-800-ALAMODE ~iinFileNo CREEKVW4gD0 Paae#74 Building Sketch Borzower/Client N/A Pro ert Address 4900 Creekview Rd Ci Mechanicsbur Coun CUMBERLAND State PA Zi Code 17050 Lender PRIVATE 33.0' """'" 34.0' 34.0' 55.0' ..e,.a, 9Mt1, "N^ Comments: code AREA CALCULATIONS SUMMARY uescription sl:e Net meals GLA1 Pirmt Floor 1122.00 1122.00 GI.A2 Second Floor 510.00 510.00 TOTAL LIVABLE (rounded) 1632 LIVING AREA BREF\KDOWN Breakdown Subtotals First Floor 33.0 x 36.0 1122.00 3®cond Floor 15.0 x 30.0 510.00 2 Calculations Total (rounded) 1632 Form SKT.BIdSkI -'WinTOTAL' appraisal software by a la mode, inc. - 1.800-ALAMODE Location Man ayJSll~ File No CRFFKVW4gD0 Paoe #15 r„ _W/ _me TryrnyNy a la mode, Inc' r; ~.,., 5shc,l,Bk ... B.~IB rBe.~wB. li =ai6 uw,rs TpwnsF.y .. v Nv..pu„ L ~d MJAV ,~ ~ulili~ 4 ivarMY. 4ulbb.,?Ufllltd ~brn '~Bn .nlulr.u AaA ~.FUf11dCr 1~ toA. W.ir B rte' _ __ Wayf1e5V1Ill" cD r Vowels yn YY A ium,Jrp 4alk~; AWS1e1xJp L _..... New Bloomfield T£ - ui'. `},,.. '' d vruana -" ~av '°; B< ~Naii^Gk " - Lrvaee "`~'~ NM Clk.ulale f4rgc sxSr .ra'sr MIXBtrdMr Sitme Glom ~~ • ~ SrngaysviB.• . ~t.,w Cao;Nl~ irvyii, ,...MbwmPwv;+aa'lsir Ton,uMO UC.MY4 'J~yvAr~ UwngWn ^ n...... .. .iu ~ Msysvip- _~i r- ma' as0 ~r ~ vr+34}:xn1 _ i- - ~.4 Shetmans Dale -anrswae ''~~ - ~- i' '.,; s.wvvnvvu. "^'!~• TVnnahq `, w'~ia~cY.. fa. fit <. ~" •.v `' *, a v:fr~.rr.s~nF e:' .,y _... ~ , .... . - -._. ~ c. ,..+ _ w„,»rba,'; Enala' H a9ress ,: ~: __.. .. ,,, •, E ....cantle ''"'`~ [Nest Fair~rew ~. ;.. -.~rwoaa ,... Sari •e~ -, _I ~ ''+~ ~ r au ~ .. J.•. Y env lq I ':.. ~ rrisbu -. i ~a -- I w ,, r•a.w .u , snl 7wr $CIIIUSSef I`. .(p"'~"" "JCS l -> ~~ Afid~ "• a .w~' Camp H If ". oLv.nv r K ..... ,..... New Kliysµ ~ - i ~_ j uwn §• .flyyJd+t9i tYUY A `x 3r reelton Btr +` "` Ne Cu ~krlal c, . h ee .. ~~tir :. -: s ,. i.- harnL'4•rry v n, C.L,L. ~.' s~ 's „e,. ~ ,~I>aA ~ ul rrr ~~ a ~, r ..~•~"~"°~ .'' ~ '~ Favvtew trafk 'u"'' --•NMrnB ewrcncs b Tewnst? .;9 ~. a - ~,. ' P R, Ch h.omr W Bni~i.r .stale ~` 3:iaLUrrr Vnnf2y ~ ~^ g ~ ~54rm~ s a Navrov T ' S '"ti. ralrny ~)B ~: F ° AM rsa nn~m Cay4~ - aSGrv qs, l<Myly "^.. ~ - ~' x iBi rt Mi9~. .44'a; S.+IevesrL'vey +y, ~ __. ~. .t ( Y. Ifatton - Monagr,vn TO~nrtlup rv;' ~ N,t ~ ~ CarTCll Ltw_Slrvr.y r TodircM1p um m lively ~ ;. s,diys UlanLury vrretuwr~ >M~s w, 4 .... Urw - ..r r.nm .,~ P^°~a f uslics ,~ `~' Wa. ,. .~ .. fre r ,v~ Io, h- ~. alyira lobna t SLnv f a..n y' Gro:rnut llBt t 4f s4 Cr;~ti SarL+g '-v J .,rtn, ora `~ ~ ~<w~ .WblerUN c GactlfBa 4ruM1. Trarrahyr ~ ~ `i tt'Y~ tJl "~ - r a`£ MWnr rSw,ll~_=wau Form MAP.LOC - •WinTOTAL• appraisal software by a la mode, inc. -1.800-ALAMODE s Form MAP.PLAT - •WinTOTAL" appraisal soltware by a la mode, inc. -1-800-ALAMDDE ~yaln FIIB Nn CRFFK1JWgg00 P e #1fi Plat Man ~~` ~IaInFil~No fR~EKMN4400 Paor#n Addendum Form SCNL6L -'WinTOTAL• appraisal software by a la mode, inc. - t-800-ALAMODE SUMMARY OF SALIENT FEATURES Subject Address 1047 8rentwater Rd Legal Description DEED BOOK 00278 PAGE 01743 Cjty Camp Hill County CUMBERLAND State PA Zip Cade 17011 Census Tract 0102.02 Map Reference METRO 2741 H-10 Sale Price $ NIA Date of Sale N/A Bonower/Cliern NIA Lender PRIVATE Size (Square Feet) 706 Price per Square foot $ Location AVERAGE Age 91 YEARS Condition BTR AVERAGE Total Rooms 3 Bedrooms 1 Baths 1 Appraiser Robert K. BanzhoH Date of Appraised Value 07!11!2011 Opinion of 4alue $ 96,000 Form SSD3 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Central Penn Appraisals, lnc. (717) 737.4600 nvieri i File No BRENTWATER1047 Paoe #2 Uniform Residential Aaaraisal Report GaeN ROCA~T\nInTCR~nn-i The urpose of This summa a praisal re ort is to rovide the lender/client with an accurate' and ade uatel su orted, opinion of the market value of the subject pro arty. Pro a Address 1047 Brentwater Rd Cil Cam Hill State PA Zi Cotle 17011 Bonower N/A Owner of Public Record Estate: Fetrow Kath n Coun CUMBERLAND L al Descri flop DEED BOOK 00278 PAGE 01743 Assessor's Parcel # 09-16-1308-019C Tax Year 2011 R.E. Taxes $ 1,653 Nei hborhood Name EAST PENNSBORO TOWNSHIP Ma Reference METRO 2741 H-10 Census Tract 0102.02 Occu ant Owner Tenant Vacara S eclat Assessments $ N/A PUD HOA $ N/A er ear er month " Pro ert Ri Ms raised Fae Sim k Leasehold Other describe Asst T e Purchase Transaction ^ Refinance Transaction ®Other describe This a raisal is for rivate use and not more a e ur oses. Lender/CGeni PRIVATE Address Is the subject roe cunentl offered for sale or has tt been aflered for sale in the twelve months rior to the effective date of this a raisal? Yes No Re od data sources used, otteri rice s ,and dales . MLS I ^ did ^ did not analyze the contract for sale for the subject purchase transaction. Explain the resuAs of the anatysis of the cordract for ;tale or why the anatysis was not erformed. NIA Contract Pdce $ NIA Date of Contract N/A Is the roe seller the owner o1 ubHc record? ®Yes ^ No Dala Sources TXCRDlCNTRCT Is there any financial assistance (loan charges, sale concessions, gitl or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? ^Yes ^ No 11 Yes, re ort the total dollar amount and describe the items to be aid. N/A N/A Note: Race and the racial com osition of the net hborhood are not a raisal factors. NeI hborhoodCheracteristice .- :One-UnitHousin Treniis Drfe-UnitHouain -PresemlandUse% Location Urban Suburban Rural Pro ert Values Increasin Stable Declinin PRIDE AGE One-Unit 80 % Buifl•U Over 75% 25-75% Under 25% Growth Ra id Stable Slow DemanNSu I Shorty a In Balance Over Su I Marketin Time Under 3 mths 3-6 mths Over 6 mths $ 000 rs 70 Low 0 2.4 Unit 0 % Mutti-Famil 0 % Nei hborhood Boundaries The home is located between Orrs Brid a Road and East Penn Drive, between 650 Hiclh 70 Commercial 5 % „Routes 11 and 944 in East Pennsboro Townshi 200 Pred. 40 Other 15 % Nei hborhood Descri flop The home is located on a creekside dead end street with a mixture of smelt cotta es and tar er si le tamil homes. Market Conditions includin su ort for the above cOnclusionS The market is still relative ood in this area with lower than every a unem to ment rates and continuin low intrest rates. Dimensions SEE PLOT PLAN Area 1.72 ACRES Sha a IRREGULAR View CREEK S ecitic Zorun Ciassrfication RC RESIDENTIAL CONSERV Zonin Descri flan SINGLE FAMILY RESIDENTIAL PERMITED Zori Com fiance Le al L al Nonconforrro Grandfathered Use No Zonin III al describe Is the hi hest and best use of subject ro ert as im roved ar as ro osed er plans and s ecifications the resen! use? Yes No If No, describe Ulilitbs Public Olher(describe) Public Other(describe) Olt-silelm rovemerds-T a Public Private Electric' Water WELL Street ASPHALT Gas NONE Sanity Sewer ® ANe NONE ^ ^ FEMA 5 eclat Fbod Hazard Area Yes No FEMA Flood Zone AE FEMA Ma # 42041 C0114E FEMA Ma Date 3/16!2009 Are the utilities and off-site im rovemenis ical for the market area? Yes No tt No, describe Are there an adverse site conditions or external factors easements, encroachments, ernironmental conditions, land uses, etc. ? Yes No h Yes, describe THE HOME IS ON A SHARED WELL W ITH TWO OTHER PROPERTIES. AND HAS A SHARED DRIVEWAY W ITH THE NEIGHBORING HOME. General Description Foundation Ezterior0escd flan rnsterials/contlifiori Interior materials ,condition' Units One One with Accesso Unit Concrete Slab Crawl S ace Foundation WaNs CONBLKJAVE Fbors WOODNINYUAVE # of Stodes 1 Fuil Basement Partial Basement Exterior Walls ALUMINUM/AVE Walls W D PNUAVE T e Det. Att. S-OetJEnd Unit Basement Area NIA s .11. Root Surface SHINGLE/AVE TriiNfinish WOOD/AVE Fxisti Pro osed Under Const. Basement finish N/A % Gutters & Downs outs ALUMINUMlAVE Bath floor VINYUAVE Desi n S b RANCH Outside Entry/Exit Sum Pum Window T e DBL HUNG/AVE Bath Wainscot FIBERGLASS/AV Year Buitt 1920 Evidence of Intestation Storm SastVinsulatetl STORM/AVE Car Story a None Effective A e rs 24 Attic Nom Dampness Settlement Heatin FWA HWBB Radiant Screens YES/AVE Amenities Wootlstove s # Drivewa # of Cars 1 Drivewa Surface ASPHALT Dro Stair Stairs Other Fuel ELECTRIC Rre laces # fence Gara e # of Cars Fbor Scuttle Cooii Central Air Conditionin Patio/Deck Porch SCREEN Car ort # of Cars ^ Finished ^ Heated ^ Individual ^ Other ^ Pool ^ Other ^ Atl. ^ Del. ^ Buitt-in A fiances ^ Reiri erator ®Ra a/Oven ^ Dishwasher ^ Dis osal ^ Microwave ^ Wastrer(Dr er ^ Other describe Finished area atwve ratle contains: 3 Rooms 1 Bedrooms 1 Baths 708 S uare Feel of Gross Livin Area Above Grade . Additional features s eclat ener etticient items, etc.. CREEKSIDE SETTING Describe the condition oI the roe includin needed re airs, deterioration, renovations, remotletin ,etc.. The sub act ro ert is an older cotta a shat has been u dated over time to modern standards. Are there an sisal deficiencies or adverse conditions that attest the livability soundness or structural integrity of the propertyv n Yt;s No II Yes, describe Does the roe enerall conform to the net hborhood functional atilt , s le, condition, use, construction, etc. ? Yes No li No, describe Freddie Mac Fonn 70 March 2005 Page 1 of 6 Fannie Mae Form 1004 March 2005 form 1004 - "WinTOTAL° appraisal software by a la mode, inc. - 1-800•ALAMODE ~FileNo BRENTWATER7047 Paoe#4 Ilnifnrm Raciriantial annraic~l Ror,r,r-r cn ivyi There are 1 com arable ro erlies current oflered for sale in the subject nei hborhood ra in in rice from $ 94 900 to $ 94 900 Tftere are 3 com arable sales in the subject nei hbarlrood within Na ast twelve months ran in in sale dce from $ 92 500 ~ to $ 116 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 1047 Brentwater Rd Cam Hill PA 17011 230 Prowell Dr Cam Hill PA 17011 3613 Lisburn Rd Mechanicsbur PA 17055 E~02 Marie Ave Lewisber PA 17339 PrOxim' to SUb eCt 1.23 miles SW 5.37 miles S g.15 miles SE Sale Price $ N!A $ 92 500 $ 116 000 $ 95,400 Sale Price/Gross Liv. Area $ s .ff. $ 95.95 s .ft. $ 123.67 s .ff. E 135.51 s .ft. Data Sources ASMT RECORDS/MLS/AGENT/ ASMT RECORDS/MLS/AGENT/ ASMT RECORDS/MLSlAGENT/ Vertlication Sources I SETTLEMENT DEPT. SETTLEMENT DEPT. SETTLEMENT DEPT. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad'ustment DESCRIPTION + • $ Ad'usimenf DESCRIPTION + - $ Ad'usimen{ SalesarFinancing Concessions CASH NONE KNOW CONVENTION NONE KNOW CONVENTION SLRHLP$2 730 Date of SalelTime : 7/1/11-69DOM 9/24/10-3DOM 1219/10-345D Location AVERAGE AVERAGE AVERAGE AVERAGE Leasellold/Fee Sim le Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site View 1.72 ACRES CREEK 23 ACRES CREEK +7 500 1.19 ACRES CREEK +2 700 .16 ACRES LAKE +7 600 Desi n S le RANCH RANCH RANCH RANCH Ouali at Construction AVERAGE AVERAGE AVERAGE AVERAGE Actual A e 91 YEARS 56 YEARS 61 YEARS 61 YEARS Condition BTR AVERAGE AVERAGE +4 000 GOOD -4 000 GOOD -4 000 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms . Baths Total Bdrms. Baths ROOM Dounf 3 1 1 5 2 1 4 2 1 ~i 1 1 Gross Livin Area 708 s .ft. 964 s .ft. -2 600 938 S .ft. -2,300 704 s .ft. Basement& Finished Rooms Bebw Grade CRAWL N!A PART BMST UNFINISHED -4,000 CRAWL N/A ~ CF`,AWL N/A Functional Utili . Hearin Conlin AVERAGE EBB/NO CA AVERAGE FA/NO CA AVERAGE EBB/NO CA AVERAGE EBB/NO CA ,' Erer Efficient ttems TYP FOR AREA TYP FOR ARFJ\ TYP FOR AREA TYI' FOR AREA Gera e/Car ort NONE 1 CAR GARA -3 000 NONE NONE • PorctdPatio/Deck SCREEN PCH PORCH/DEC DECK +1 500 SUN RMIPCH -1 000 NONE NONE NONE 1 FIREPLACE -3 000 NONE NONE NONE NONE NONE NONE NONE NONE • Net Ad ustment Dial + - $ 1 900 + - $ -2 100 + - $ -200 Adjusted Sale Price Net Adj. 2.1 % Net Adj. 1.6 % Net Adj. 0.2 % at Co rabies Gross Ad'. 22.8 % E 94 400 Gross Ad'. 9.1 % $ 113 900 Gross Ad . 16.6 % $ 95 200 - I did did not research the sale or transfer histo of tfle sub'ect pro a and com arable sales. It not, ex ain M research did did hat reveal an rior sales or transfers of the subject roe for the three ears rior to the effective dale of iNs a s sisal. Data Sources LOCAL 7AX ASSESSMENT RECORDS M research did did not reveal an rior sales or iransiers of the co arable sales for the ear rior io the date of sale of the co arable sale. Data Sources LOCAL TAX ASSESSMENT RECORDS Re od tt~ results of the research and ana sis of the rior safe or iransier histo of the sub' ct re ed and com arable sales re od additional rior sates on a e 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 CDMPARABLE SALE #3 Date of Pricr Sale/iransfer NO PRIOR SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED NO OTHER SALE LISTED Price of Prior Sale/Transfer IN THE PAST 3 YEARS IN THE PAST YEAR IN THE PAST YEAR IN THE PAST YEAR Data Sources COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS COUNTY RECORDS Effective Date of Data Source 5 8/23/11 8/23!11 8/23/11 8/23!11 Ana sis o1 rior sale or Vansier histo of the subject ro err and com arable sales There were no unusual characteristics observed in the rior sales histo of the sub ect ro ert or com arable sales. Summa of Sales Com orison A roach Alf three sales are considered to be reliable indicators of value and are wet bred similar/ in the final reconciliation. Com arabfes sales used are all closed sales. All three com arable sales are located in the same market area as the sub'ect ro ert and would be considered b the same ers ective urchaser if all were on the market at the same time as the sub'ect. In order to find com arabfes sales it was necessa to use less recent sales. Closin costs aid are within the normal 6 ercent an ad'usment is not bein made. Insufficient sales in close roximit to the sub ect ro ert re uire the a raiser to extend search ammeters. In this market area and rice ran a it is not unusual to o a further distance for com ambles. Indicated Value b Sales Com orison A roach $ 96 000 Indicated Yatue b :Sates Comparison Approach $ 96 000 Cost A proach (ii developed) S N/A Income Approach i 8 developed) $ N/A This appraisal is made ®'as is", ^ subject to completion per plans and specifica8ons on the basis of a hypothetical condition that the improvements have been completed, ^ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or aflerafions have been armpleted, or ^ subject to the • folbwin re wired ins ection based an the exiraordina assum lion that the condition or deficient does not r uire alteration or re air: Based on a complete visual inspection of the interior and exterior areas of the subject property defined scope of work, statement rrf assumptions and limiting conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of lie real property that is the subject of this report rs S 96 000 as of 07/11 /2011 which is the date of ins coon and the effective date of this a sisal, Freddie Mac Forth 70 March 2005 Page 2 of 6 Fannie Mae Forth 1 DD4 March 2005 Form 1 DD4 - "WinTOTAL"appraisal software by a la mode, inc. - 1-800-ALAMODE ~LnFileNo BRENTWAT R1O47 Paoe#4 Unlf01'Rl RP.SIfiP.ntial Annt-aical RpnnrF 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 FOR A MORTGAGE FINANCE TRANSACTION SUBJECT TO THE STATED SCOPE OF WORK PURPOSE OF THE APPRAISAL REPORTING REQUIREMENTS OF TFIIS APPRAISAL REPORT FORM AND THE DEFINITION 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. FHA APPF2AISALS ARE NO GUARANTEE THAT THE PROPERTY IS FREE FROM DEFECTS. THE APPRAISAL ONY ESTABLISHES THE VALUE OF THE PROPERTY FOT MORTGAGE PURPOSES. BUYERS NEED TO SECURE THEIR OWN HOME: INSPECTIONS THROUGH THE SERVICES OF QUALIFIED INSPECTORS. COSTApPROACN7OVAlUE(notrequiredtiy'Fann(eMaeJ __ Provide ade uate information for the lenderlclieM to re licate the below cost fi ures and calculations. Su ort for the o inion of site value summa of com arable land sales or ocher methods for esbmatin site value ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE..__.._ ................._........._...._.....__... .... _$ Source of cost data MARSHALL & SWIFT COST VAULATION SERVICE Oualit rati from cost service AVE. Effective date of cost data 06!2008 . _.. DWELLING S .ft. @ $ _$ S .Ft. $ _$ - Comments on Cost Ap roach rocs livin area calculations, d reciation, etc. _$ Gara e/Car orl S .Ft. $ _$ Total Estimate of Cost-New __.._..._ _$ Less P sical Funcbonal External D reciation =$ De reciated Cosl of Im rovements ..__......._...._..___... _._._....._.._ _$ °As-is" Value of Sita I rovements _....__._....._..__....._....._...__.._ _$ Estimated Remaining Economic Life HUD and VA o Years iNDICATEDVALUE BY COSTAPPROACN ... _..........._..__......._ .... _ =E _ INCOME APPROACH TO VALUE (not required by Pannfe Mae) Estimated Monihl Market Rent $ N!A X Gross Renl Multi tier N/A = $ N/A Indicated Value b Income A roach Summa of Income A roach includin su ort for market rent and GRM PROJECT INFORMATION FOR PUDa (ff a` licable Is the develo er/builder in control of the Homeowners' Association HOA ? Yos No Unfl e s Detached Attached Provide the tolbwin information for PUDs ONLY if the develo er/builder is in control of the HOA and the sub'ect ro ed is an attached dwellin unit. Le al Name of Pro'ecl Total number of hases Total number of units Total number of units sold Total number of units rented Total number of units for sale Pala source s - Was the pro'ect created b the conversion of existin buildin s into a PUD? Yes No li Yes, date of conversion, Does the ro' ct contain a muAi-dweNin units? Yes No Data Source Are the urEts, conwnon elements, and recreation facilities com late? Yes No II No, describe the status of com tattoo. Are the common elements leased to orb the Homeowrers' Association? Yes No It Yes describe the rental terms and o lions. Describe common elements and recreational facilities. ncuwe mac rurm ru rnarcn ~uuo Page 3 of 6 Fannie Mae Forth 1004 March 2005 Form 1OD4 - "WinTOTAL' appraisal software by a la mode, inc. -1-8D4AtAMODE Main File No BRENTWATER1047 Paoe #S uniform Residential Appraisal Report File# BRENTWATER1047 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; 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 unit 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 limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting condttions are not permitted. 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 certfications are also not permitted. However, additional 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, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: 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 competitive and open market under all conditions requisite to a fair sate, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a spec'rfied date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (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) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must 6e made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party 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 LIMITING CONDITIONS: The appraiser's certification in this n:port is subject to the foAowing assumptions and Limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, 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 any opinions about the title. 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 site is located in an ident'rfied Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject piroperty 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 conditions 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 wilt not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, 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 to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be pertormed in a professional manner. Fretltlie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - °WinTOTAI° appraisal sollware by a la mode, inc. - t •80D-ALAMODE Main I=ile No BRENTWATFR1047 Paae #6 Uniform Residential Appraisal Report 1-ile# BRENTWATER1047 APPRAISER'S CERTIFICATION: 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 factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with 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 I 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 current 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 ilndicated in 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 property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price 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 verfied, 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. f 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 listing 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 ttlis appraisal report from reliable sources that I 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 proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental condtions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in pertorming this appraisal. I trove considered these adverse conditions in my analysis of the property value, and have reported on the effect of the condtions on the value and marketability of the subject property. 15. I have not knowingly withheld 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 correct. 16. t stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions 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 na present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, re{igion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present 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 occurrence 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. It 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 pertorm 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 1 wilt take no responsibility for it. 20. I identrfied the lender/client in this appraisal report who is the individual, organization, or agent for thE~ organization that ordered and will receive this appraisal report. Fretltlie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 20D5 Form 10D4 - "WinTOTAI" appraisal software by a la mode, inc. - 1-800-ALAMODE ~jleNo l3RENTWATER1047 Paoe#7 uniTOrm Kesiaentiai Appraisal Report 1-aa# 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United 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 limted 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 nlay be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government 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 "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 if 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 liability 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 CERTIFICATION: 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. 1 accept full responsibility 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 qualrfied 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 Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place al: the time this appraisal report was prepared. 5. If 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 eff~sctive, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER A SJ TE C RT RESIDENTIAL R.E RAI: Signature Name Ro K. Banzho Company ame CENT ENN APPRAISAL ' C. Company Address 24 West Main Street. Shiremanstown, PA 17011 Telephone Number (717) 737-afioo Email Address bonnier?a paappraisers.com Date of Signature and Report oe/2s/2o11 Effective Date of Appraisal 07/11/2011 State Certification # RL001231L or State License # or Other (describe) State # State PA Expiration Date of Certification or License os/3o/2013 ADDRESS OF PROPERTY APPRAISED 1047 Brentwater Rd Camp Ftill, PA 17011 APPRAISED VALUE OF SUBJECT PROPERTY $ 96.000 LENDER/CLIENT Name Company Name PRIVATE Company Address Email Address SUPERVISORY APPRAISER (ONLY IF fiE~UIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification 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 Fannin. Mae Form 1004 March 2005 form 1004 - "WinTOTAL" appraisal software by a la mode, inc. - t-80o-ALAM00E Subject Photo Page File No BRENTWATER7047 Paae #8 Borrower/Client N/A Pro a Address 1047 Brentwater Rd Ci Cam Hill Cou CUMBERLAND State PA Zi Code 17011 Lender PRIVATE Subject Front 1047 Brentwater Rd Sales Price N/A Gross Living Area 708 Total Rooms 3 Total Bedrooms 1 Total Bathrooms 1 Location AVERAGE View CREEK Site 1.72 ACRES Ouatity AVERAGE Age 91 YEARS Subject Rear Subject Street Form PICPU(.SR -"WinTOTAL"appraisal software by a la mode, inc. -1-800-ALAMODE Interior Phetns ~Ip ~ile No BRENTWATER1047 Paoe #9 Form PICINT6 - •WinTOTAL' appraisal software by a la mode, inc. - 7-800-ALAMODE Borrower/Client N/A Pro a Address 1047 Brentwaier Rd Ci Cam Hill Coun CUMBERLAND State PA Zi Code 17011 Lender PRIVATE Comparable Photo Page Main File No. BRENTWATER1047 Paae #10 Borrower(CGent N/A Pro Address 1047 Brentwater Rd Cit Cam Hill Coun CUMBERLAND State PA Zi Code 17011 Lender PRIVATE Comparable 1 230 Prowell Dr Prox. to Subject 1.23 miles SW Sales Price 92,500 Gross Living Area 964 Total Rooms 5 To1aI Bedrooms 2 Total Bathrooms 1 Location A'dERAGE View CREEK Site 23 ACRES Quality A`JERAGE Age 5Ei YEARS Comparable 2 3613 Lisburn Rd Prox. to Subject 5.37 miles S Sales Price 116,000 Gross Living Area 9313 Total Rooms 4 Total Bedrooms 2 Total Bathrooms 1 Location AVERAGE View CREEK Site 1.19 ACRES Quality AVERAGE Age 61 'YEARS Comparable 3 802 Marie Ave Prox. to Subject 9.15 miles SE Sales Price 95,400 Gross Living Area 704 Total Rooms 5 Total Bedrooms 1 Total Bathrooms 1 Location AVERAGE View LAKE Site 16 ACRES Quality AVERAGE Age 61 YEARS Form PICPIX.CR -'WinTOTAL' appraisal software by a la mode, inc. - 1.800-ALAMODE Building Sketch Main Fil,~ No BRENTWATEB1047 Panr #11 BorrowerlClient N/A Pro a Address 1047 Brentwater Rd Cit Cam Hill Coun CUMBERLAND State PA Zi Code 17011 Lender PRIVATE z2.o' 30.0' ,E Oa~ ~ .~~~ E~ 24.0' 24.0' Comments: AREA CALCULATIONS SUMMARY Code Description Size Net Totals GLAl First Floor 708.00 708.00 TOTAL LIVABLE (rounded) 708 LIVING AREA BREP~KDOWN &aakdown Subtotals First Floor 24.0 x 24.0 576.00 6.0 x 22.0 132.00 2 Calculations Total (rounded) 708 Form SKT.BItlSkI -'WinTDTAL' appraisal software by a la mode, inc. -1-800-ALAMODE i- ain Eile No. BRENTWATER1047 Paae #12 Location Mao Borrower/Client NlA Pro ert Address 1047 Brentwater Rd Cit Cam Hill Cou CUMBERLAND Slate PA Ii Code 17011 Lender PRIVATE a la mode, inc~ "~ ""'"' ` "`' `~~'~' "~ 1M:va0ern melevYe laru:[Jee~ 2.:r .::,. p Ca:w:vNk Milar ~' rwifa, ,•,+' ramc6W. - t. .rcrMa a« ~• . . . 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Form MAP.LOC - aWinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Plat Mao Main File No BRENTWATER1047 Paae #t'i Borrower/Client N/A Pf0 Address 1047 Breniwater Rd Cit Cam Hill Coun CUMBERLAND Stale PA Zip Cotle 17011 Lentler PRIVATE Form MAP.PLAT - •WinTDTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Addendum Main File No BRENTWATER7047 Paae #14 ~_ "~ ~ C©mmonwealth af'Jyepnsylvania ~~~ ~~ ~~~ ~ ~'~:~ Ue f_i~ti~ , to ~~ Bureau t3f t'ra }>~`i"a~ndc tionai Affairs C PO$o ~~llarri burl; P`r1`~j~1, -~a+l~ ~i~ €J Cer-tlllcate Tppe C ~ I ~;,' ~ 1 ~ ~ .< z ~ C'erki~cate Status ~~, ; . Carttfi$d Re~itlentisi Appraiser t~. ti ~ ~~ ' ~ } - ~' ~ s _ 9 c ` 4, i ~ Active ~ , 4 . < ~ ~'~ w;~ > ~ ~'`.~ ~ "'~~'~ Initibl Certification Dsyte' ~~~ ROBERT KEITHL9AN2HOff CerilLlcyte 1U/22/1992 8 EDGFWt?O0 ORfVE Nut»ber MECHAN1C98I7Rt3-FA 37055 1~ Rf_t}O1'231 L ~ 1G:xpiration Datc I~ - .0613012013 - ~rgI1N1UrC- .ncNnA Con~r'ssiuatlC q(i'cOtvsawn»I. nryJ ikc~ihmirwmf .Ulairs _ ~ *i- - Y' .. Form SCNLGL - "WinTOTAL" appraisal software by a Ia mode, inc. - 7-800-ALAMODE s. SUMMARY OF SALIENT FEATURES Suhlect Address 3.26 ac Breniwater Road Legal Description DEED BOOK 00278 PAGE 01743 City Camp HiH County Cumberland State PA Zip Code 17011 Census Tract 0102.02 Map Reference Mettro 2741 H-10 Sale Pdce $ Daie of Sale BorrowedClient N/a Lender PRIVATE Size (Square Feet) Price per Square Foot $ Location CREEK VfEW Age Condition Total Rooms Bedrooms Baths Appraiser Robert K. Banzho(( Date of Appraised Value 07!11!2011 Final Estimate of Value $ 80,000 Form SSD - "WinTOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Central Penn Appraisals, Inc. (711) 737-4600 LAND APPRAISAL SllMMORV RFpnRT A jc ile No. BRENTWATER't 96A Paae #2 c~RGIY I VYM I CRJ.LOH4 Pro a Address: 3.26 ac Brentwater Road Cit :Cam Hill State: PA Zi Code: 17011 Coun Cumberland Le al Descri lion: DEED BOOK 00278 PAGE 01743 Assessor's Parcel #: 09-18-1308-019E Tax Year: 2011 R.E. Taxes: $ 859 S ecial Assessments: $ 0 w Market Area Name: CAMP HILL Ma Reference: Mettro 2741 H-10 Census Tract: 0102.02 Current Owner of Record: Fetrow Kath n /Edward Borrower if a licable : N/a rn Project Type (il appkcable): ^ PUD ^ De Minirnis PUD ^ Other (describe) HOA~ $ NLa er ear er month Are there any existing improvements to the properly? ®No ^ Yes tt Yes, indicate currant occupancy: ^ Owner ^ Tenant ^Vacant ^ Not habitable ll Yes, give a briel description: `r Z ~: The urpose of this a raisal is to develo an opinion oC Market Value as defined , or other a of value describe This re ort reflects the followin value if not Current, see comments : Current the Ins ¢cbon Date is the Effective Date Retros ective Pros ective Pro ert Ri hts raised: Fee Sim le Leasehold Leased Fee Other describe Intended Use: To estimate value for estate purposes z w tn' QI Intended User(s) (by name or type): Fetrow family Client: PRIVATE Address: Appraiser: Robert K. Banzhoff Address: 24 West Main Street, Shiremanstown, PA 1701 1 Characteristics Location: ^ Urban ®Suburban ^ Rural Predominant Occupancy One-Unit Housing PRICE AGE Present Land tJse One-Unit 85 % Change in Land Use ®Nat Likey Buhl up: ^ Over 75% ®25.75% ^ Under 25% ®Owner $(000) (yrs) 2-4 Unit 0 % ^ Likely' ^ In Process ' Growth rate: ^ Rapid ®Stable ^ Slow ^ Tenant 100 Low 0 Muhi-Unit 0 % ' To: Property values: ^ increasing ®Stable ^ Declining ®Vacant (0-5%) 550 Hi h 100+ Comm'I 5 % Demand/supply: ^ Startage ®In Balance ^ Over Supply ^Vacant (>5%} 225 Prad 30 vacant 10 % Marketin time: ^ Under 3 Mos. ®3.6 Mos. ^ Over 6 Mos. % o Factors Affecting Marketability ltt:m Good Average Fair Poor WA 1Sem Good Average fair Poor WA Employment Stability ^ ® ^ ^ ^ Adequacy of Utilities ^ ® ^ ^ ^ Convenience to Employment ^ ® ^ ^ ^ Property Compatibility ^ ® ^ ^ ^ W' Convenience to Shopping ^ ® ^ ^ ^ Protection from Detrimental Conditions ^ ^ ® ^ ^ a~ Convenience to Schools ^ ® ^ ^ ^ Police and Fire Protection ^ ® ^ ^ ^ uT. Adequacy of Public Transportation ^ ® ^ ^ [j General Appearance of Properties ^ ® ^ ^ ^ Recreational Facilities ^ Ap eat to Market ttf---....` Market Area Comments: This suburban ares has relativeN easy access to employment and services and is competitive with other ~j neighborhoods in the general area. Most have similar amenities Q f': Dimensions: see lot tan Site Area: 3.26 acres Zoning Classification: R1A single family residential Description: single family homes Do present improvements comply with existing zoning requirements? ®'Ves ^ No ^ Na Improvements Uses allowed under current zoning: residential Are CCBRs applicable? ^ Yes ®No ^ Unknown Have the documents been reviewed? ^ Yes ^ No Ground Rent (if applicable) $ i Commems: Highest & Best Use as improved: ®Present use, or ^ Other use (explain) Actual Use as of Effective Date: vacant Use as appraised in this report: residential Summary o1 Highest & Best Us¢: The highest and best use for this lot is for the conslructwn of a single family hame z 0 i= a ~ Utlihies Pubic Other Provider/Description W! Electricity ® ^ o w Gas ^ ^ ~, Water ^ ^ Sanitary Sewer ® [] Storm Sewer ^ ^ Telephone ^ ^ Multimedia ^ ] Off-sitelmprovements Type Public Private Street asphalt ® ^ Width 12 feet m/I Surface asphalt Curb/Gutter none ^ ^ Sidewalk none ^ ^ Street Lights none ^ ^ Alle none ^ Frontage see: lot Ian pog p y To rah level to stee slo e Size ty~cal for area Shape irre ular Drainage flood lain View creek _ Other site elements: Inside Lot Corner Lot Cul de Sac Under round Utilities Other describe FEMA Spec'I Flood Hazard Area ®Yes No FEMA Flood Zone AE FEMA Ma # 42041C0114E FEI~4A Ma Date 3/16/2009 Site Comments: LHN U . - - . --- __ _- - _ -, -- -- -------.....__...._ .....,........,.,, ,~,,,,,w,~,.. ,,urt~.~., o p „w.~, ~,~. ,,,~>, ~Y ~:Nl~wl~~,w~ all ~lr~ll~,. Form GPLND -'WinTOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 312007 ~L1Eile No. BRENTWATER3 ~6A . Paae #'i LAND APPRAISAL SUMMARY REPnRT _ _ _ _____ __ +<"~ My research did did not reveal any prior sales or transfers of the subject properly for the three years prior to the effective date of lies appraisal ~ ~ u~~ Data Sourc¢ s : Tax records j O 1st Prior Sub ect Sale/Transter Analysis of salP,/transfer history antlior any current agreement of sale/lisiing: This sale included parcel 09-18-1308-019 H Dale: 1/20/07 2.01 acres and parcel 09-18-1308-19c lot with small home Price: $146 800 u{ Sources :tax records j w! 2nd Prior Sub ect Sale/fransfer Dale: t•- Price: ` Sources : FEATURE SUBJECT PROPER TY COMPARABLE N0.1 COMPARABLE N0.2 COMPARABLE N0.3 Address 3.26 ac Brentwater Road 4 Sunset Way 1099 Oyster Mill Rd tD17 Oyster Mill Rd Cam Hik PA 17011 Cam Hill, PA 17011 Cam Hill PA 17011 (:am Hilt PA 17011 Pro>amit to Sub' ct 1.48 miles SW 0.97 miles N O.SD miles N '. Sale Price $ $ 105,000 $ 78.000 $ 55 000 Price) $ $ 17 979.45 $ 111 428.57 S 32 934.13 Oata Source(s) INSPECTION ASMT RECORDS/MLS/AGENT ASMT RECORDS/MLSIAGENT ASMT RECORDSIMLS/AGENT Verification Sources} TAX RECORDS TAX RECORDS VALUE ADJUSTMENT DESCRIPTION DESCRIPTION +(-) S Adiust DESCRIPTION +(-) S Adiust DESCRIPTION +(-) S Adiust Sales or Financing CONVENTIONAL CONVENTIONAL CONVENTIONAL _ Concessions NONE NONE KNOWN NONE KNOWN NONE KNOWN q Date of Sale/Time 6!30110 10/15/10 8r22111 ~i Ri Ms A raised Fee Sim le Fee Sim le Fee Sim le Fee Sim le a' Location CREEK VIEW CREEK VIEW CREEK VIEW CREEK VIEW Z Site Area 3.26 5.64 -12 900 .70 +12 800 1.67 +g 000 y ubic Sewer AT SITE AT SITE AT SITE OFF SITE +10,000 rY a a O U w Net Ad ustmenl otal, in $ + - -12 900 + - $ 12 B00 + 18,000 a Net 12.3 `~ Net 16.4 % Net 32,7 -% N Ad'ustetl Sale Price in $ Gross 12.3 % $ 92,100 ..Gross. 16.4 % $ 90,800 G[oSS 32:71% 73,000 Summary Ot Sales Comparison Approach All three sales are considered to be reliable indicators of value, and are weighted similarly in the final reconciliation. All three comparable sales are located in the same market area as the subject properly and would be considered by the same perspective purchaser Ii all were on the market at the same time as the subject. PROJECT INFORMATION FOR PUDs if a licable The Subject is art of a Planned Unit Devebpment. c Le aI Name of Pro ect: a Describe common elements and recreabonal facilities: Indicated Value b :Sales Comparison Approach S 80,000 Final Reconciliation This appraisal assumes a reasonable marketing period for the subiecl property of three months John Owen East Pennsboro p zonin officer was contacted and indicted that home should be able [o be built on the ro ert sub'ect to elevations and slee slo es. g Ttes appraisal is made ~ "as is", or ®subject to the following conditions: John Owen East Pennsboro zonino officer wras contacted and indicted that home should be able to be built on fhe property subiecl to elevations and steep sbpes Subject to a home being able to be built on the Z' property 0 ^ Ttris r ort is also subject to other H pothetical Conditions and/or Extraortlina Assumptions as specitied in the attached addenda. Based upon an inspection of the subject property, defined Scope of Work, Statement of Assumptions and Limiting Condltions, and Appraiser's Certifications , my (our) Opinion of the Market Value (or other specrfied value type), as defined herein, of the real property that is the subject of this report is: S 80,000 ,as of: 0811 112 01 1 ,which Is the effective date of this appraisal. ' If indicated above this 0 infon of Value is sub ect to H othetical Conditions and or Extraordina Assum lions included in this re ort. See attached addenda. = A true and corr~lete copy of this report contains 8 pages, including exhibits which are considered an integral part o1 the report This appraisal report may not be . a property understood without reference to the information contained in lire complete report, which contains the following attached exteblls: ^ Scope o1 Work ~ ^ Limiting condJCertilications ^ Narrative Addendum ®Location Map(s) ^ Fbotl Addendum ^ Additional Sales ®PtrotO Addenda Parcel Ma ^ H thetical Conditions Exlraordlna Assum lions Client Contact: Client Name: PRIVATE E-Mail: Address: APPRAI ER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (If applicable) ~ ; Appr er Name: R b h ff Supervisory or C rr o e anz o H: Co any: CentraV Pe ppraisals Inc. o-Appraiser Name: Company: Z Phone: (717) 737-4600 fax: (717) 737-9123 Phone: Fax: L?' E-Mail: bonniet~paappraisers.com _ E-Mail: y Date of Report (Signature): 08/29/2011 Date of Report (Signature): License or Certitieation #: RL001231 L State: pA License or Certification #: State: Designation: Designation: Expiration Daie of License or Certification: 06/30/2013 Expiration Date of License or Cerification: Inspection of Subject: ®Ditl Inspect ^ Did Not Irupect (Desktop) _ Inspection o1 Subject: ^ Did Inspect ^ Did Not Inspect Date of Ins ction: 07 /1 112 0 1 1 Date of Ins ection: ' LAND _..,. „..._ ..~ ~ ~....,°°°~ ... „°° ~°„" ~ ~~, .~,w,,.we~~ ~,,,.,~w„c~ ~,:nw~ ..,mom, vmn„,onna : wer , a a um :, nn. nmx ue acuww~wgeu a~w creanea. Form GPLND - "WinTOTAL' appraisal software by a la mode, inc. - 1.800-ALAMODE 3/2007 Main Filr No BRENTWATER3 26A(' Paoe #4 SunnletmPntal Arlrianrlnro - - ----- ~ ~~~ ~ •~~ onCIV I vVH I CKJ.LOHI. Borrower/Client N/a Pro a Address 3.26 ac Brentwater Road Cil Cam Hill Coon Cumberland State PA Zi Code 17011 Lender PRIVATE This appraisal assumes a reasonable marketing period for the subject property of three months. The Market Approach reflects recent activity in the market place. THIS IS A SUMMARY REPORT OF A COMPLETE APPRAISAL. APPRAISER ACKNOWLEDGEMENT: APPRAISER ACKNOWLEDGES AND AGREES, IN CONNECTION WITH ELECTRONIC SUBMISSION OF APPRAISALS, AS FOLLOWS: THE SOFTWARE UTILIZED 8Y 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: I acknowledge and certify that (I) my appraisal of the above referenced property may be used in a federally related financial transaction subject to requirements of Title XI of the Financial Institution Reform, Recovery and Enforcement Act of 1989 (FIRREA"); (ii) the appraisal must comply with FIRREA and the applicable regulations implementing Title IX of Firrea; and (iii} the appraisal was completed in accorliance with USPAP. APPRAISER COMPETENCY: I certify that I am fully qualified and competent by training, knowledge, and experience to perform this appraisal. APPRAISER INDEPENDENCE: I represent and certify that (I) the appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan; (ii) my employment wa:> not conditioned upon the appraisal producing a specific value or value within a given range; (iii) my future employment is not dependent upon an appraisal producing a specific value; (iv) my employment, compensation, and future employment are not based upon whether a loan application was approved; (v) neither me nor any person wfth an ownership interest in the company employing me, is related to or has any ownership or other financial interest in, either the builderldeveloper, seller, buyf;r, mortgage broker, or real estate broker/salesperson (or any person related to any of them) involved in the transaction for which this appraisal was requested, or with the most recent sale or refinancing of any property used as a comparable property in this appraisal, and (vi) I am not aware of any facts which would disqualify me from being considered an independent appraiser. Form TADD - "WinTOTAL' appraisal software by a la mode, inc. - 1-800•ALAMODE Subject Front 3.26 ac Brentwater Road Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location CREEK VIEW View Site 3.26 Quality Age Subject Rear Subject Street Form P1CPIX.SR -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Main file No BREN7WAT R~ ~6A P ~s SUb1eCt Phntn Pano Main Ffle No BRENTWATER3 26AG Paae #6 Pfat Map BorrowerlClienl N/a Pro eR Address 3.26 ac 8rentwater Road Cii Cam Hill Coon Cumberland State PA I Code 17011 Lender PRIVATE Form MAP.PLAT - "WinTOTAL' appraisal software by a la mode, inc. -1-80Q-ALAMDDE ~ile No BRFNTWAT R~ ~6A Panv #7 Addendum ' ~"ommonH'~a1t . tr ,Perrnsvli~ania ~ ~ ~ ~ ~ ~ ~`Q ~ ~ ~ - ~ BIlCB~il flf ~1'O' '~ ~E tittnal ;lffairs ,, ~O Ag ~ ~tarr~sbn „ I'=`;~I~I -1t,49 ~ ~ k Cartif3cate ~'Vpe ~ i r say ' ~ w Q. ~ , ~ ~'` e ~ ~ Cart#ftc~stE uStatas ~ . ti Gert#fied Residential Apprais®r u- + t ~~ ` `. C1 .. " ~.~ ~ ~. ` ~ AcG - „~ -+ tve r y ,~ `~'r, ~--_.__ ~~. ~~ ` ~~ ~ Inltiat Gactificetion Date ROBERT-KEITH BANZHOFF Cei'tfflpAte 101221'1$92. H ERGEWppO ORIYE Number MECHANICSBUiz~PA 17055 RLD01231L Expiration bate 0 6/30120 1 3 ~; .r.Li.,a..-, /~LS~~--~-- -~~1~~ ,, 9i~~nu~ro no7mmCmnrtugiiunrrofl4~Ei.x+al anJQ ,pw~nr~':~~iu~~, ~ ~5~; v ~ Y Form SCNLGL - `WinTOTAL` appraisal software by a la mode, inc. -1-800-ALAMODE . . `d "'' a la mode, inc: <~ .wbe rrcr.Kyy .~ y ¢ .. ~u,eab R+ o ~ ~ v ' a F Y =.:,k ._ , u h - e; .. ~ -. ~~ _ £. ~ a ~ m - wrcv~N s - ' r.awv x y~ s~ ,. V 1, _ a~,. .r j~ yn.~f"sr , ~ 3 c q ~ v~„ w .. +r q [$' 'y Z -~ r~,4 d ~ ~ ~~ gi . ~ ~ '4~ `A e-.~ p ~ ~ r. ~I ~M1 ~aF r ` ~ v~ ls - ~. ~ ~ .~`~. N ~ 1 54ua1 ~`J~ .. :~~t.l qF ~ ,9 P ~v L 25 ._ WN`~~ Ry x ~ S '5 7 , p A ~~~~ . ~y t = tti ~ v :. i WaflMn~on H¢+nh15 .? 3 g ~' K' s ~ j y ~ y ~ s' l. ~ 5 L4TL6L IvVl4~{r.St~ ~ C 5~ _ ~ spon, p r~a i i ~wv.r a.. 1r Gn, ~ JK~ ' ~ _ ' ~~ .. n. p C Y J. ~ h 11~p HIa K !' ~ ~~,'!.' V ~ ~ -~ _'r irSialalb7~p9 F .~ r` Iz_ 'E ~ ~ o~ . sG~~bxP .... N®p, w'Ma. . ,.-, .. - .. . ~. _ •. N/bile Hilly 4.M1 '4 a GasMar9 hR 5~.,.n G+µwi hM+ilCh'~~MV~I R>rin Y'~"'~ f MaM, v 'Nd'RA ShircmamH„w~ - .mna1 ~y ~ ~. n. ~m G+xrr,EariY farrtp Allerfdek .44 '~urf.. .~ ,,, ~ Howell~~ &l 'A,vA ~ # . ~ ~h~ _. ' - ,,. rtlwed Gef[ aa'~ 5 ~~," .~ < 4 ,;yneM rMt cP ~ i c .. .. ~„ 09 + a>s~n t id SSo a .M .,~~ uy ~~ti' '4 rw•MJuavia Ya{: ? ~ ~~ ~~~ ~, ~ v~ ;, ., x,. ~' .,'Pe~lElq`+°'^" i[ir1 - +snWyrx h~,~ ..~„ .. _ ~`Y , ' WirWl ~ ,. 'a, p HnghtS ~ d WuW,n~ la~ll ~ ,~ own .~ f.' ~ X45` , s ~^w, ~ '~' vy Form MAP.LOC -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE ~lOf le No BRFNTWATFa~ ~gq pan !fA Location Man Main Fiie No BRENTWATER2 01 AC Paoe #1 SUMMARY OF SALIENT FEATURES Subject Address 2.01 ac Brentwaler Road Legal Description DEED BOOK 0027& PAGE 01743 City Camp Hill County Cumberland Slate PA Zip Code 17011 Census Tract 0102.02 Map Reference Mettro 2741 H-10 Sale Price $ Date of Sale Borrower/C6ent N!A Lender PRIVATE Slze (Square Feet) Price per Square Foot $ Location CREEK VIEW/AV Age Condition Total Rooms Bedrooms Baths Appraiser Robert K. Banzhofi Date of Appraised Value 07!1172011 Final Estimate al Value $ 60,000 Form SSD - "WinTDTAL"appraisal software by a la mode, inc. -1-800-ALAMODE Central Penn Appraisals, Inc. (717) 737-4600 LAND APPRAISAL SUMMARY RFPnRT IeNo. BRENTWATER2 01AC Paae #2 Pro rt Address: 2.01 ac Brentwater Road Cif :Cam Hill State: PA .. Zip Cade: 17011 V Coun Cumberland Le al Descri Lion: DEED BOOK 00278 PAGE 01743 Assessor's Parcel #: 09-18-1308-019 Tax Year: 2011 R.E. Taxes: $ 858 Special Assessments: $ N/A Market Area Name: CAMP HILL Ma Reference: Mettro 2741 H-10 Census Tract: 0102.02 ~ N Current Owner of Record: Fetrow Kath n Borrower ii a livable : N/A Project Type (il appiicabte): ^PUD ^ De Minimis PUD ^ Other (describe) HOA $ N/A er ear er month Are there any existing improvements to the property? ®No ^Yes If Yes, indicate cunent occupancy: ^ Owner ^ Tf:nant If Yes, give a brief description: ^ Vacari ^ Not habitable z, The ur se of iNs a praisal is to develo an o inion o1: Market Value as defined , or other t e of value describe This re ort reflects the follawin value if not Current, see comments : Curcent the Im action Date is the Effective Date Retros active ^ Pros active Pro rt Ri his raised: Fee Sim le Leasehold Leased Fee Ocher describe Intended Use: To estimate value for estate purposes. ~r ~. 4 Intended User(s) (by name or type): Fetrow family Client: PRIVATE Address: Appraiser: Robert K. Banzhoff Address: 24 We st Main Street, Shiremanstown, PA 1701 ~ Characteristics Location: ^ Urban ®Suburban ^ Rural PFedominant Occupancy One-Unit Housing PRICE AGE Present Land Use One-Unit 85 % Change in Land Use ®Not Likery Built up: ^ Over 75% ®25-75% ^ Under 25% ®Owner $(ODO) (yrs) 2-4 Unil o % ^ Likery * ^ In Process Growth rate: ^ Rapid ®Stable ^ Slow ^ Tenant 100 Low 0 Multi-Unit 0 % * To: Properly values: ^ Increasing ®Stable ^ Declining ®Vacant (0-5%) 550 Hi h 100+ Comm'I 5 % Demand/suppry: ^ Shortage ®in Balance ^ Over Supply ^Vacant (>5%) 225 Pred 30 vacant 10 % Marketi time: Under 3 Mos. ®3-6 Mos. ^ Over 6 Mos. % o Factors Affecting Marketability F, ltt:tn Good Average Fair Pow N!A uetn Good Average fair Poor N!A e. Employment Stability ^ ® ^ ^ ^ Adequacy of Utifties ^ ® ^ ^ ^ ~: Convenience to Employment ^ ® ^ ^ ^ Properly CampatibiNty ^ ® ^ ^ ^ Convenience to Shopping ^ ® ^ ^ ^ Protection from Deldmenlal Conddions ^ ^ ® ^ ^ n` Convenience to Schools ^ ® ^ ^ ^ PoGce and Fire Protection ^ ® ^ ^ ^ >g Adequacy o(Public Transportation ^ ® ^ ^ ^ General Appearance of Properties ^ ® ^ ^ ^ q Recrea0onal Facilities A eat to Market ^ Markel Area Comments: This suburban neighbor hood has relatively easy access to employment and services and is competitive with other ~' neighborhoods in the general area. Most have similar amenities. a Dimensions: see lot Ian Site Area: 2.01 ACRES Zonirg Classification: R1 91NGLE FAMILY RESIDENTIAL Description: SINGLE FAMILY HOMES Do present improvements compry with existing zoning requirements? ®Yes ^ No ^ No Improvements Uses albwed under current zoning: residential Are GC&Rs applicable? ^Yes ®No ^ Unknown Have the documents been reviewed? ^Yes ^ No Ground Rent (il appticah{e} $ / Comments: Highest & Best Use as improved: ®Presenl use, or ^ Other use (explain) Actual Use as of ESective Dale: vacant Use as appraised in this report: residential Summary of Highest & Besl Usa: The highest and best use for this lot is for the construction of a single family home Z O - F a N Utilities Pubkc Other ProvitlerlDescription w Electricity ® ^ p ~` Gas ^ ^ rn Water ^ ^ Sanitary Sewer ® ^ Storm Sewer ^ ^ Telephone ^ ^ Mukimedia ^ Off-site Improvements Type Public Private Street asphalt ® ^ Width 12 feet m/l SuriaCe asphalt Curb/Gufler none ^ ^ Sidewalk none ^ ^ Street lights none ^ ^ Alle none ^ ^ Frontage see lot Ian Topography leyelto slo e Size typical for area Shape irre ular Drainage flood lain View creek Otlrer site elements: ir>side Loi Corner Lol Cul de Sac Underground Utilities Other describe FEMA S ec'I Flood Hazard Area Yes No FEMA Flood Zone X FEMA Ma # 42041 C0114E FEMA Ma Dale 3/16/2009 Site Comments: The sublet property is a creek front lot with the road frontage being level and goinina intoa fairly steep bank. The lot is an irregular shaD that limites some of the utility. his ~~{~ U Form GPLND - ._ ...___, ......... .......... ..............,....,~.,....,,,,~., ..,,,,.,, ,~,,,.,,>M,., ..~.~ , a b „w ~. ,,,~>, ~~ ~.,>,~w,~w~ a~~~ ~~r~~~~~. 'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007 Main File No BRENTWATER2 01A Pace #3 LAND APPRAISAL SUMMARY RFPnRT _ __ GnG.U IMIi My research did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal ~ . Data Sources : Tax records j O. 1st Prior Sub ect Sale/Transier Analysis of sale/transter history and/or any current agreement of sale/tisting: This sale included parcel i H Date: 1/11!07 09-18-1308-019e 3.26 acres and 09-18-1308-019c a lot with a small horne =i Price: $146,800 ~': Sources :tax records j H' 2nd Prior Sub ect Sale/Transter pate: P i r ce: Sources FEATURE SUBJECT PROPER TY COMPARABLE N0.1 COMPARABLEN0.2 COMPARABLEN0.3 Address 2.01 Brentwater Road 1017 Oyster Mill Rd 1099 Oyster Mill Rd 4- Sunset Way Cam Hill, PA 17011 Cam Hill PA 17011 Cam Hill, PA 17011 Cam Hitl PA 17011 Proximit tD Subject 0.69 miles N 1.14 miles N 1.30 miles SW Sale Price $ ` $ 55,000 $ 78 000 < $ 105 000 Price) $ $ 32 934.13 _ $ 111,428.57 $ 17 979.45 Data Source(s) INSPECTION ASMT RECORDS/MLS/AGENT ASMT RECORDSJMLSIAGENT ASMT RECORDS/MLS/AGENT Veriiicalion Source(s) TAX RECORDS TAX RECORDS TAX RECORDS VALUE ADJUSTMENT DESCRIPTION DESCRIPTION +i-) S Adjust DESCRIPTION +(-> $ Adjust DESCRIPTION +(-) $ Adjust Sales or Financing CONVENTIONAL CONVENTIONAL CONVENTIONAL Concessions NONE NONE KNOWN NONE KNOWN NONE KNOWN 4 a Date of Salelfime ised Ri ht A 8122111 10115/10 6/30/10 ra s Fee Sim le Fee Sim le Fee Sim le Fee Sim le q Location CREEK VfEWiAV CREEK VIEWIAV CREEK VIEW/AV CREEK VIEWIGD -10 000 z Site Area 2.01 1.67 +1 700 .70 +6,600 5.84 -19,200 ~. ubic sewer AT SITE OFF SITE +10 000 AT SITE AT SITE rr LIMITED UTILITY AVERAGE UTILI -20 000 AVERAGE UTILI -20 000 A\/ERAGE UTILI -20 000 nom.: O'?: v: w Nel Ad'usTmenl oral, in $ + - -8 300 + - $ -13 400 + - -49,200 a tJet 15.1 % Net 17.2 % Nei 46.9 ~ Ad usted Sale Price in $ -Gross 57;6 % 46,700 G[D§S 34.? % $ 64,600' GI'OSS 46:9 % 55,800 Summary of Sales Comparison Approach All three sales are considered to be reliable indicators of value and are weighted similarly in the final reconciliation. All three comparable sales are located in the same market area as the subiect propertv and would be considered by the same perspective purchaser if all were on the market al the same time as the subiect PROJECT INFORMATION FOR PUDs if a licabk The Sub'ect is art of a Planned Unit Davelo ment. c Le al Name of Pro'ecl: a Describe common elements and recreational taciltties: Ind)caled Value by: Sales Comparison Approach $ 50,000 Final Reconciliation z o' TNs appraisal is made ^ "as is", or ®subject to the following conditions: subiect to a home being able to be built on the propertv. John Owen East ~' Pennsboro Zoning officer was contacted and indicted that it may be possible but difficult to build on this lot depending on the elevations and _? steep sbpe. A functional utitty adjustment has been made O ^ Ttss report is also subject to other Hypotfatical Conditions and/or Fxlraordinary Assumptions as specified in the atlached addenda . Based upon an inspection of the subject property, defined Scope of Work, Statement of Assumptions and Limiting Condftiontr, and Appraiser's Certifications , my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is ttte subject of this report is: $ 60,000 ,as of: 08/11/2011 ,which is the effective date of this appraisal. i If indicated above this 0 inion of Value is sub ect to N othetical Condftions and or Extraordinar Assum lions included in this re ort. See attached addenda. A true artd complete copy of this report contains 8 pages, including exhibits which are considered an integral part of the report. This appraisal report may rat be q properly understood without reference iD the information contained in the complete report, wtrich contains the following attached exhibits: ^ Scope of Work a ®Limitirg condJCertificalions ^ Narrative Addendum ®Lacation Map(s) ^ flood Addendum ^ Additional Sales Photo Addenda Parcel Ma H othetical Conditions Exlraordina Assum lions ^ Client Contact: Client Name: PRIVATE E•Mail: Address: APPRAI R SUPERVISORY APPRAISER (if required) / or CO-APPRAISER (if applicable) / w / a Appr er Name: R b h fi Supervisory or o e anz o Co-Appraiser Name: rte- C any: Central Pe ppraisals Inc. Company: y' Phone: (717) 737-4600 Fax: (7171 737-9123 Phone: Fax: Ica E-Mail: bonnie(o~paappraisers.com _ E-Mail: y Date o1 Report (Signature): 08129/2011 Dale of Repon (Signature): License or Certification #: RL001231 L Slate: PA License or Gertificalion #: Slate: Designation: Designation: Expiration Oate of License or Certification: 06/3 012 01 3 Expiration Date of License or Certification: Inspection of Subject: ®Did Inspect ^ Did Not Inspect (DesMop) Inspection of Subject: ^ Did Inspect ^ Did Not Inspect Date of Ins ection: 07!11/2011 Date of Inspection: • ~I ~~ U _ _, • '.- ___. _, _._...__-. _._....._ ._.... ..._~ --..~.,,-.-„-. ............... ....,,w...•n.v.. y~••.•~..o..n...rvnc~c~. o c u,wc. n,,.. ulUa~ uc a4vlUniCVVCU EIIU I;ICWI41. Form GPLND -'WinTOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007 ; Main FiIP No BRENTWATER2 01A Paoe #4 SI111nIP_mP_fltAl Addandurn ..,_~.._ ____.__.. _ Bonower/Client N!A Pro ert Address 2.01 ac Brentwafer Road Ci Cam Hiil Coun Cumberland State PA Zi Code 17011 Lender PRIVATE This appraisal assumes a reasonable marketing period for the subject property of three months. The Market Approach reflects recent activity in the market place. THIS !S A SUMMARY REPORT OF A COMPLETE APPRAISAL. APPRAISER ACKNOWLEDGEMENT: APPRAISER ACKNOWLEDGES AND AGREES, IN CONNECTION WITH ELECTRONIC 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: I acknowledge and certify that (I) my sappraisal of the above referenced property may be used in a federally related financial transaction subject to requirements of Title XI of the Financial Institution Refarm, Recovery and Enforcement Act of 1989 {FIRREA"); (ii) the appraisal must comply with FIRREA and the applicable regulations implementing Title IX of Firrea; and (iii) the appraisal was completed in accordance with USPAP. APPRAISER COMPETENCY: I certify that I am fully qualified and competent by training, knowledgea, and experience to perform this appraisal. APPRAISER INDEPENDENCE: I represent and certify that (I) the appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan; (ii) my employment wars not conditioned upon the appraisal producing a specific value or value within a given range; (iii) my future employment is not dependent upon an appraisal producing a specific value; (iv) my employment, compensation, and future employment area not based upon whether a loan application was approved; (v) neither me nor any person with an ownership interest in tfie company employing me, is related to or has any ownership or other financial interest in, either the builder/developer, seller, buyer, mortgage broker, or real estate broker/salesperson (or any person related to any of them) involved in the transaction for which this appraisal was requested, or with the most recent sale or refinancing of any property used as a comparable propertv in this appraisal, and (vi) I am not aware of any facts which would disqualify me from being considered an independent appraiser. Form TADD - "WinTOTAL° appraisal software by a la mode, inc. - 1.80D•ALAMODE Subject Front 2.01 Brentwater F:oad Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location CREEK VIEW/AV View Site 2.01 Duality Age Subject Rear Subject Street Form PICPD(.SR -'WinTOTAL' appraisal software by a la mode, inc. - f -800-ALAMODE ~ile No BRENTWATFa~ 0tA a ~s Subject Phota P90P Form MAP.PLAT - •WinTOTAL" appraisal software by a la mode, inc. -1-80aALAMODE ale Nc BRENTWAT R 01A Paor Jkfi Plat Mato a la mode inc ' "~°"~ r~"' ~ ~ '~`~ $ " ~ : ~ ~ mac :wr' ~~,,,,,~ z . a d ;~: a s c ' A >~w h + Yhs[ E[aia s.. ~ " ~ E s fi .n _. ..,e.. ~v.., ?s V , Y „nsay b ~awr uwae '~ ~ave'typ Svk3,. u o.a..~i,. ..~Maa ^SY .. `A.. i 1 "~ a ' - Good H ( ,. ct'Yf 4~. ,. v vfrr 5' w fry ~ .m m r..m~,~. mr E- .~ . „ _y_ µ, "`~. ., ti.. _.. " .. "A .. ". ~ua,4 i cr.` ~ . .. F t ~. ~ . ~ r 41W 5- HNy ` n ~ _ r ~t` s ~ 4 wY 4 ~, e. X „ CifA ~f~~ry . ,Y (~ -. 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C1 ~ ~ '~ '. > > zoou~u N N 6~7 J ~1 ,'! ,L~ a0 I ~ ~ N ~c 0 +A N ~N , , ! ~ ~ x 00 0~ O ~ ~ ~ a -I N e -1 ~ n o v N ~ a o c = Q ~ O 'nD "B _ U U i4 N O +3.. ~ v ~ °' .,~ o ~ ~ o c ~ w o -c ~ ~ ~ LiJ ~ ~ ~ ~ ~ c ' ~ m ~ Cn - " Y Q lUi~w~ 00 w , ~ ~ ~ o M ~ N am N d ' ti i ti ~ O M p ~ ~ ch ~ I I N 7 W ~ ~ f'- c ~ J,~'~ ~ ;m ~ Q i~ o J Ip ~ O 0 W W ~ > ma 0 J J Q a Z a Z ~ W H CCp', O OC 1~ ~m Estate Valuation Date of Death: 07/11/2011 Estate of: Estate of Kathryn Fetrow Valuation Date: 07/11/2011 Report Type : Date of Death Processing Date: 10/18/2011 Number of Securities: 10 File ID: Fetrow, Kathryn Estate Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Sid Adjustments Accruals Value 1) 20000 DISCOVER BK GREENWOOD DEL (25467RMD2) Financial Times Interactive Data DTD: 03/21/2007 Mat: 03/21/2012 5a 07f11f2011 103.06440 Mkt 103.064400 Int: 03/21/2011 to 07/11/2011 2) 70000 PENNSYLVANIA ST PUH SCH BLDG A (70920PBH6) Financial Times Interactive Data DTD: 10/23/2008 Mat: 06/15/2016 4.8°s 07/11/2011 111.56400 Mkt 111.564000 Int: 06/15/2011 to 07/11/2011 3) 50000 ALLEGHENY CNTY PA ARPT AUTH AR (01728LDK5) Financial Times Interactive Data DTD: 10/03/2007 Mat: 01/01/2018 5~ 07/11/2011 104.94800 Mkt 104.948000 Int: 07/01/2011 to 07/11/2011 4) 1000 MORGAN STANLEY CAP TR VII (61750K208) CAP SECS 6.60°s New York Stock Exchange 07/11/2011 24 .61000 24.36000 H/L 24.485000 Div: 0.4125 Ex: 06/28/2011 Rec: 06/30/2011 Pay: 07/15/2011 5) 3675 ERIE INDTY CO (29530P102) CL A The NASDAQ Stock Market LLC 07/11/2011 74 .43000 72.92000 H/L 73.675000 Div: 0.515 Ex: 07/01(2011 Rec: 07J06J2011 Pay: 07/20/2011 6) 7525.377 BLACKROCK MULTI ST MUN SER TR {09253A748) PA MUN BD Al Mutual Fund (as quoted by NASDAQ) 07/11/2011 10.71000 Mkt 10.'710000 7) 1000 EATON VANCE ENH EQTY INC FD II (278277108) COM New York Stock Exchange 07J11f2011 11 .94900 11.83000 H/L 11.Et89500 8) 1850 GABELLI EQUITY TR INC (362397101) COM New York Stock Exchange 07/11/2011 6 .12000 6.03000 H/L 6.G75000 9) 92 GABELLT HLTHCARE & WELLNESS TR (36246K103) SHS New York Stock Exchange 07/11/2011 7 .83000 7.69000 H/L 7.760000 10) 2000 CLAYMORE SECS DEFINED PORTFOL (18384Q662) UT 181IQINTERI Miscellaneous 07J11/2011 7.60000 A/B 7.600000 Int: 0.0244 Ex: 06/29/2011 Rec: 07/01/2011 Pay: 07/15/2011 Total Value: Total Accrual: Total: $569,032.87 20,612 .88 305 .56 78,094 .80 242 .67 52,474 .00 69 .44 24,485 .00 412. 50 270,755. 63 1,892. 63 80,59b, 79 11,889. 50 11,238. 75 713. 92 15,200. 00 48. 80 $566,061.27 $2,971.60 Page 1 This report was produced with EstateVal, a product of Estate valuations & Pricing System:;, Inc. If you have questions, please contact EVP Systems at {818) 313-6300 or www.evpsys.com. (Revision 7.1.0) St MEMBERS 1st FEDERAL CREDIT UNION SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued lnterest Name of Joint Owner Date Joint Ownership Established CHECKING ACCOUNT: 36899-00 03/01 /1984 $35.88 $.00 $35.88 Edward Fetrow 05/22/1989 Account Number/Suffix 36899-11 Date Account Established 08/29!1989 Principal Balance at Date of Death $51.10 Accrued Interest to Date of Death $.00 Total Principal and Accrued interest $51.10 Name of Joint Owner Edward Fetrow Date Joint Ownership Established 08/29(1989 MONEY MANAGEMENT ACCOUNT: Account Number/Suffix 36899-05 Date Account Established 05/22/1989 Principal Balance at Date of Death $5,091.74 Accrued Interest to Date of Death $.49 Total Principal and Accrued Interest $5,092.23 Name of Joint Owner Edward Fetrow Date Joint Ownership Established 05/22/1989 CERTIFICATE OF DEPOSIT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued interest Name of Joint Owner Date Joint Ownership Established 36899-40 01 /19/2001 $17, 787.54 $11.11 $17,798.65 Edward Fetrow 01 /19/2001 *Opened by a transfer of funds from the Money Management Account 36899-05. CERTIFICATE OF [DEPOSIT: Account Number/Suffix 36899-45 Date Account Established 06/11/1998* Principal Balance at Date of Death $15,402.34 Accrued Interest to Date of Death $2.95 Total Principal and Accrued Interest $15,405.29 Name of Joint Owner Edward Fetrow Date Joint Ownership Established 06/11/1998 *Opened by a transfer of funds from the Money Management Account ~~6899-05. 5000 Louise Drive P.O. Box 40 Mechanicsburg, Pennsylvania 17055 (800) 2f33-2328 u~wwmemberslst.org CERTIFICATE OF DEPOSIT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Totai Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established 36899-48 09/13/2000'` $2,207.94 $.51 $2,208.48 Edward Fetrow 09/13/2000 *Opened by a transfer of funds from the Money Management Account 36899-05. CERTIFICATE OF DEPOSIT: Account Number/Suffix 36899-49 Date Account Established 11/09/2001" Principal Balance at Date of Death $2,211.00 Accrued Interest to Date of Death $.61 Total Principal and Accrued Interest $2,211.61 Name of Joint Owner Edward Fetrow Date Joint Ownership Established 11/09/2001 *Opened by a transfer of funds from the Money Management Account 36899-05. CERTIFICATE OF DEPOSIT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established 36899-50 01 /05/2005* $1,218.59 $.22 $1,218.81 Edward Fetrow 01 /05/2005 `Opened by a transfer of funds from the Money Management Account: 36899-05. MEMB RS 1sT FEDERAL CREDIT UNION ~~ Leigh- ne S a Imgs Lending Insurance Support Specialist August 11, 2011 Estate of: Kathryn. W. Fetrow Date of Death: 0711'112011 Social Security Number: 195-16-4577 August 31, 2011 LAW OFFICE OF SAIDIS, SULLIVAN, & ROGERS C/O CAYLE D SWINDLER 635 NORTH 12TH ST SUITE 400 LEMOYNE PA 17043 Estate of KATHRYN W FETROW Date of Death: Jul 11, 2011 SSN: 195-16-4577 Dear SiriMadam: One Citizens Drive ROP 112 Riverside, RI 02915 In accordance with your request, the attached information sheet has been provided in the above decedent's name as of hislher date of death. As per your request, the decedent did not have a safe deposit box with us and had no outstanding loans either. For all other inquiries, please call 1-877-579-2667 Decedent Accc REF#: 508300 C1'~1ZEt"IS Bdt't~C" Account Number 61007150].9 Account Title KATHRYN W FETROW/KAREN A FETROW Date O ened 1/30/197~~ Account Type Checkin Principal Balance as of DOD $11600.~_i Interest from Last Posting to DOD $ .Og Account Balance as of DOD $11600.6?' YTD Interest to DOD $6,87 ~. Cit z~r~s Bank Account Number 6140215579 Account Title KATHRYN W FETROW/KAREN A FETROW Date Opened 5/21/1993 Account T e Savings Principal Balance as of DOD $1782.91 Interest from Last Pasting to DOD $ .Ol Account Balance as of DOD $1782.92 YTD Interest to DOD $ ,27 ~it~zens Bankm Account Number 62559851:17 Account Title KATHRYN W FETROW/KAREN A FETROW Date O ened 5/2612009 Account T e Time De osits Principal Balance as of DOD $24064.1() Interest from Last Posting to DOD $7.91 Account Balance as of DOD $24072.41 YTD Interest to DOD $89.79 201 }-08-25 05 :49 R ~. H I NG :Y, August 18, 2Ul 1 Robert Hopper rahop 1 Ca~,aol.com ?1??63001 » +?1?6125605 INti USA Annuity and Life Insurance Company Contract Owner: Kathryn W Fetrow & Karen A Fetrow Contract Number: 0133937-OW Claim Code: 02010 Uear Mr. Hopper, P 4f5 Thank you for your recent inquiry regarding the anr-uity contract listed above. Please find the contract information below. Death Benefit Value $45,532.03 as of 07/11/201 l tf yvu have any questions please call the Customer Contact Center toll free at 1-800-366-0066, Monday through Thursday 8;30 a.m. to 6:30 p.m., and Friday, 8:3U a.m. to 5:30 p.m. Eastern Time, enter option 2 followed by the claim codE: in place of'your social security number. Sincerely, Claims Servic~cs sla Annuities are issued by !NG USA Annuity and Gife Insurance Company (Des Moines, IA) and distrihuled by Directed Services LLC.. !3ulh companies are members of the ING,family of cvm~~anies, 909 ~ocu5t Street oes moines ~A ~ueuy-layy Cayle Swindler From: Austin, Sally <Sally.Austin@ErieInsurance.com> Sent: Friday, March 30, 2012 8:28 AM To: Cayle Swindler Subject: Rl_: Kathryn W. Fetrow Hi Cayle, Please note that Kathryn W Fetrow owned all three annuities The date of death value, 07/11/2011, was: 549-253 $190,178.79 566-128 $ 66,378.71 AY005483 $207, 889.84 Please let me know if you need anything else. Sally Austin Sr. Life Claims Specialist 1-800-458-0811, Extension 2243 1-814-870-2483, Faa sally.austin@erieinsurance.com 2011-08-25 05:48 P.AH 717753000 » +?176125505 P 2!5 ING °~~,~~ August l 8, 2011 Robert Hopper rahopl(7~aol.com ING USA Annuity and Life Insurance Company Contract Owner: Kathryn W Fetrow Contract Num er: -Iw ~}3ya~~-ok1 Claim Cade: 02010 Dear Mr. Hopper, 's'hank you for your recent inquiry regarding the annuity contract listed above. Please find the contract information below. ~ Ueath Benefit Value ~ $54,240.22 as of 07/l I%2011 ~ If you have any questions please call the Customer Contact Center toll free at 1-800-366-0066, Monday through Thursday 8:30 a,m. to 6;30 p.m., and Friday, 8:30 a.m. to 5;30 p.m. Eastern Time, enter option 2 followed by the claim code in place of your social security number. Sincerely, Claims Services sla Annuities are issued by !NG USA Annuity and Life /nsurancc Company (Des Muiraes, IA) and distributed try Directed Services LLC Bah companies are members of the ING family of companies. 9D9 Locust Street u85 f•IOiiies lA ~U:509-2899 2011-OS-25 05:48 Pr.H 717763000 » +7176125805 P ~'S ING~ 1NG USA Annuity and Ufta Insurance Company P.O. Bos 9271 Des Molnsa,lA 50308-8271 Pfiona: 1300355-0065 Fas: 1.615-098-2094 Internet: www.InaannulNea.com KATHRYN W.FETROW 5000 CREEKvIEW RD MECHANICSBURG PA 17050-2012 Page 1 of 4 Quarterly Statement As Of June 30, 2011 All displayed end of qu9Aer values are ae o! the close of business of the New York Stock Exchange on the last busir-ess day o! the quarter. Your Financial Represen#ative ROBERT A HOPPER CAMBRIDGE INVES?'MENT RESEARCH INC 2090 LINGLESTOWN RD STE 201 HARRISBURG, PA 17110-9428 717-978-2674 Contract Information Contract Number. Product: Contract Date: Qualified Typa: Death Benefit: Periodic Payment Plan: C 134062-0W (NG GoldenSelect Premium Plus December 23, 2002 Tradltlonel IRA Standard Death Benefit Not Elected Owner: .foint Owner: Annultantl: Annuitant2: Contingent Annuitant: Primary Beneflclary(les): Kathryn W. Fetrow None Kathryn W, Fetrow None None Edward P Fetrow Harold W Fetrow Karen A Fetrow ~ OG ~fi~~Zoi/ ~ '~sfj.~~~, ~~~ Investment Summary Current Quarter Year-To-Date Since Contract Date 0410112011-06!30/2011 01101/2011.06/30/2011 12123lZ002-06/30/2011 6a8inntng Accumulation Value: ~ $+54,349.52 $52,282.13 $D.00 Premium Payments: $0.00 $0,00 $59.779.13 Premium Credits: $fl.OD $0.00 $2,391.17 Nat Withdrawals: $0.00 $(1.00 $27,241.16 Net Investment Results: $280.32 $2,331.7'1 $19,700.70 Accumulatton Value: $54,629.84 $54,625).84 $Sd,628.84 The amount by which your Actumuletlon value has cfianged Is due to Invealmenl reaulte during the period, including any market value adjualment, if applicable, and adJusted by oeAaln charges, including any surrender charges, as outlintjd in your contract and pra9pactus. __ t Erie Family Life /~ ~~ Insurance Member Erie Insurance Group Home Office 100 Erie Insurance Place Erie, Pennsylvania 16530 814.870.2000 Toll free 1.800.458.0811 Fax 814.870.2437 www.erieinsurance.com August 25, 2011 Saidis, Sullivan & Rogers 635 North 12~" St. Suite 400 Lemoyne, PA 17043 RE: Estate of Kathryn W Fetrow Annuity # 246-885 Dear Attorney Saidis: Please extend our sincere condolences to the family of Kathryn ~J Fetrow. The value on the above IRA Annuity as of the date of death, July 11, 2011, was $23,992.79. The beneficiaries are Edward Fetrow, Harold Fetrow II and Karen Fetrow, children equally. I hope this is helpful to you and if you have any questions, please call me at 1-800-458-0811 extension 2243 or Melody Bolcshan at 2292. Sincerely, (~~ ~-- <~ Sally Austin Sr. Life Claims Specialist Life Policy Administration cc: Fetrow Insurance Assoc LLC, AA7646 The ERIE Is A'oove All In Service®.