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05-29-12
J 1505610140 REV-1500 ~` `°'-'°' _;~,,, ~: PA Department of Revenue Bureau of Individual Taxes Couniy Code Year File Number PO Box 280601 INHERITANCE TAX RETURN 2 1 1 1 0 9 2 6 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYW 0 8 2 6 2 0 1 1 1 1 2 5 1 9 1 6 Decedent's Last Name Suffix Decedent's First Name MI ( R O U S E H E L E N F (If Applicable) Enter :surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 1. Original Return ~ 2. Supplemental Retum ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ^X 5. Federal Estate Tax Return Required death after 12-12-82) ^X 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust ~ 8. Total Number of :safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number J O E L R. Z U L_ L I N GE R 7 1 7 2 6 4 6 0 2 9 First line of address 1 4 NORTH MA I Second line of address S U I T E 2 0 0 City or Post Office C H A M B E R S B U R G Correspondent's a-mail address: N S T R E E T REGISTER OF WILLS USE ONLY ev } ~. -,. ~~ ~„ _ --~ -~ ~ ~~ ~ ~ _. IJ, !- n ~~ ~' ~ o~ ~- ,. - DAZE FILED ,,,.- -- State ZIP Code I P A 1 7 2 0 1 ~.:: ~, Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. DeGaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIG ATURE OF P RSON RESPONSIBLE F FILING,RETURN DATE s ~~ ~~. DRESS 28 BRAD STREET SHIPPENSBURG PA 17257 SIGN E F PR ARER R REPR ATIV~' DATE ' t ADD 14 RTH MAINS R T, SUITE 2 CHAMBERSBURG PA 17201 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610140 1505610140 ~J 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: HELEN F. GROUSE RECAPITULATION 1. Real Estate (Schedule A) ..................................... .... .. 1 0 0 0 2. Stocks and Boncis (Schedule B) ................................ .... .. 2• . 3 2 3 5 5 4 0 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C ) ... .. 3. • 0 0 0 4. Mortgages and Notes Receivable (Schedule D) .................... .... .. 4. • 4 3 1 5 2 9 5 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E). .... .. 5. . 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested . .... .. fi. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property 4 6 0 1 4 3 6 1 8 (Schedule G) ^ Separate Billing Requested . .... .. 7. . 8. Total Gross Assets (total Lines 1 through 7) ..................... .... .. 8. 7 8 8 0 1 2 9• 1 3 9. Funeral Expenses and Administrative Costs (Schedule H) ............ .... .. 9• 9 8 9 3 0. 4 3 10. Debts of Decedfsnt, Mortgage Liabilities, and Liens (Schedule I) ....... .... .. 10. 2 1 1 3 4. 0 0 11. Total Deductions (total Lines 9 and 10) ......................... .... .. 11. 1 2 0 0 6 4. 4 3 12. Net Value of Estate (Line 8 minus Line 11) ...................... .... .. 12• 7 7 6 0 0 6 4. 7 0 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which 1 6 1 8 4 6 5 6 7 an election to ta:x has not been made (Schedule J) ................ .... .. 13. . 14. Net Value Subject to Tax (Line 12 minus Line 13) ................ .... .. 14. 6 1 4 1 5 9 9. 0 3 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a>(1.2>x.o __ 0. 0 0 15. 0. 0 0 16. Amount of Line 14 taxable 6 1 4 1 5 9 9 0 0 3 2 7 6 3 7 1 9 6 . 45 at lineal rate X . 1s. 17. Amount of Line 14 taxable 0 0 0 17 0 0 0 at sibling rate X .12 . . 18. Amount of Line '14 taxable 0 0 0 0 0 0 at collateral rate X .15 18. • 19. TAX DUE ...... . ........................................ .... ..1s. 2 7 6 3 '7 1. 9 6 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 1505610240 1505610240 J REV-1500 FCC Page 3 File Number Decedent's Complete Address: 21 11 0926 DECEDENTS NAME HELEN F. GROUSE _ _ _ __ _ STREET ADDRESS Shi ensbur Episcopal Home 206 East Burd Street _ CITY STATE !ZIP ~- --_ -_ Shippensburg IPA ~ 17257 Tax Payments and Credits: 1 • Tax Due {Page 2, Line 19) 2. Credits/Payments 269,364.25 A. Prior Payments B. Discount ____-__----__ ___ _ 1.4,177.06 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (1) 276,371.96 Total Credits (A + B) (2) 283, 541.31 (3) (4) 7.169.35 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 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 : ................................................................ ...... ^ X^ b. retain the right to designate who shall use the property transferred or its income; ......................... ...... ^ X^ c. retain a reversionary interest; or .......................................................................................... ...... ^ 0 d. receive the promise for I'rfe of either payments, benefits or care? ................................................. ...... ^ ^X 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ................................................................................. ...... ^ X^ 3. Did decedent own an "in trust for° orpayable-upon-death bank account or security at his or her death? ... ...... ^ X^ 4. Did decedenl own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? ............................................................................................. ..... 0 ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after Jully 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements f'or disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)]. • The tax rate imposed on the r~et value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individuaN who has at least one parent in common with the decedent, whether by blood or adoption. REV-1504 EX + (6-98) SCHEDULE C CLOSELY-HELD CORPORATION, COMMONWEALTH OF PENNSYLVANIA PARTNERSHIP OR INHERITANCE TAX RETURN SOLE-PROPRIETORSHIP RESIDENT DECEDENT ESTATE OF FILE NUMBER HELEN F. GROUSE 21 11 0926 Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporatioNpartnership interest of the decedent, other than a sole-proprietorship. See instructions for the supporting information to be submitted forsole-proprietorships. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Decedent's 85.9008% ownership in Beech Tree Investments, LP, a limited partnership that owns F>rimarily marketable securities, held in Investment Account #0502 with Orrstown Financial Advisors. The date of death value of the account is $5,482,596.67 (see valuation attached}. A discounted valuation of the decedent's interest has been prepared bey Glen Arbor Associates (with copy attached). The fair market value of the decedent's interest as of date of death in accordance with the discounted valuation of Glen Arbor Associates is $37,666.00 x 85.9008% or $3,235,540.00 3,235,540.00 TOTAL (Also enter on line 3, Recapitulation) ~ $ 3,235,540.00 /lf mnre crone is neeriori insert aririitinnal ehaa4c of tha lama si~a1 REV-1506 EX+ (12-11) pennsylvania DEPARTMENT OF RE\/ENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-2 PARTNERSHIP INFORMATION REPORT ESTATE OF FILE NUMBER HELEN F. GROUSE 21 11 0926 Name of Partnership Beech Tree Investments LP Date Business Commenced 3/2/2005 2. 3. 4. 5. Address 120 East King Street Business Reporting Year calendar year City Shippensburg State PA Zip Code 17257 Federal Employer ID Number 20-2420101 Type of Business investments in marketable securities Product/Service hold investments in marketable securities Decedent was a ^ General ® Limited partner. If decedent was a limited partner, provide initial investment $ 9,405,000.00 TNER NAME, PAR OF NCOME,, OF OWNERSHIP CAPITA NCE OF LACCOUNT A. American Beech Investments LLC 1 % 1 % 46 988.00 B. Helen F. Crouse 85.9008% 85.9008% 4 425 828.00 ~~ Jean C. & Philip fVl. Ritchie 6.5496% 6.5496% 468 082.00 ~~ James R. & Tace~ Crouse 6.5496% 6.5496% 562 301.00 6. Value of the decedent's interest $ 37.666.00 7 8. 9. Was the partnership indebted to the decedent? ................................ ^ Yes ®No If yes, provide amount of indebtedness $ Was there fife insurance payable to the partnership upon the death of the decedent? ........ ^ Yes ®No If yes, Cash Surrender Value $ Net proceeds payable $ Owner of the oolicv Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was prior to 12-31-82? ^ Yes ®No If yes, ^ Transfer ^ Sale Percentage transferred/sold Transferee or Purchaser _ Consideration $ Attach a separate sheet for additional transfers andlor sales. Date 10. Was there a written partnership agreement in effect at the time of the decedents death?........ ®Yes ^ No If yes, provide a copy of the agreement. 11. Was the decedent's partnen~hip interest sold? .................................. ^ Yes ® No If yes, provide a copy of the agreement of sale, etc. 12. Was the partnership dissolved or liquidated after the decedents death? ................. ^ Yes ® No If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 13. Was the decedent related to any of the partners? ................................ ®Yes ^ No If yes, explain decedent was the mother of Jean C. Ritchie and James R. Crouse 14. Did the partnership have an interest in other corporations or partnerships? ................. ^ Yes ® No If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. • • •- • - ~ ~ A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or federal partnership income tax returns (Form 1065) for the year of death and four preceding years. C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured, attach copies. D. Any other information relating to the valuation of the decedent's partnership interest. REV-1508 EX+ (11-10) Pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETIIRN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: HELEN F. GROUSE 21 11 0926 Include 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. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Checking Account #651761, Orrstown Bank, including interest 22,913.81 accrued to date of death 2. Refund from Episcopal Nome 445.83 3. Refund, Chambersburg Hospital 1,132.00 4. Refund, P&A Administrative Services 92.84 5. Refund, CenturyLink 8.47 6. 2011 RMD from Helen Crouse IRA Account#0137 7,150.00 7. U.S. Treasury, federal income tax refund for 2011 9,043.00 8. PA Departlrlent of Revenue. PA state income tax refund for 2011 2,367.00 TOTAL (Also enter on Line 5, Recapitulation) ~ "~ 43,152.95 If more space is needed, insert additional sheets of paper of the same size REV-1510 EX+ (08-09) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER HELEN F. GROUSE 21 11 0926 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NM~E OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE DF TRANSFER. ATTACHA COPY DFTHE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION ~FAPPIJCABLE) TAXABLE VALUE 1. Funded Revocable Trust Agreement dated 1/23/1997, between Helen F. Crouse, Settlor and Orrstown Bank, Trustee, with amendments thereto dated 5/6/2008, 10/8/2009, and 5,15/2011, with named beneficiaries as follows: 1/3 to "Crouse Charitable LEAD Trust" for a twenty year period from date of death, at which time said trust shall distribute equally to grandchildren, Paul J. Ritchie, David H. Ritchie, Catherine T. Crouse and Bradford J. Crouse. The truslt is funded with the following: (a) Investment Account#0119, with Orrstown Financial 3,464,105.31 100.00 3,464,105.31 Advisors, including interest and dividends accrued to date of death (valuation attached;-; (b) Mortgage from Catherine Crouse to Helen F. Crouse 91,940.63 100.00 91,940.00 Trust in the original principal amount of $125,000.00, dated 11/26/2003, recorded in Seminole County, Florida, in Book 05213, Pages 0112-0114 (copy attached); amortization schedule changed to $109,330.86, to reflect prepayment of $10,000 on 3/8/04; balance due as of date of death $91,940.00 (copy of amortization attached) (c) Mortgage from David Ritchie and Lisa Ritchie to Helen F.Crouse Revocable Trust in the principal amount of $140,000.00, dated 6/24/2002 (copy attached); amortization schedule changed to $88,704.92, to reflect prepayment of $32,500 on 1/2/03; balance due as of date of death $55,241.77 (copy of amortization attached) 55,241.77 100.00 55,241.77 (d) Mortgage from Brad Crouse to Helen F. Crouse Trust, in principal amount of $190,000.00, dated 2/26/2008, recorded in Orange County, Florida, in Book 09623, Page 1221; Change in Terms Agreement dated 7/26/2009, changing the principal amount: to $184,248.84; balance due as of date of death $177,352.23 (copy of amortization attached) 177,352.23 100.00 177,352.23 (e) Mortgage from Beech Legacy, LLC to Helen F. Crouse Revocable Trust., in the principal amount of $202,000.00, dated 1/13/2011 (copy attached); balance due as of date of 200,259.22 100.00 200,259.22 death $200,259.22 (copy of amortizaton atttached) (f) 36,811.9318 shares common stock Orrstown Financial 543,344.11 100.00 543,344.11 @14.76 per share (g) 6 shares of common stock, Beistle Company 3,883.20 100.00 3,883.20 @647.200 per share 2. IRA Account #0137, Orrstown Financial Advisors, with 65,310.34 100.00 65,310.34 designated beneficiary of Shippensburg Public Library, 50% and Presbyterian Church of Shippensburg, 50% TOTAL (Also enter on Line 7, Recapitulation) I $ 4,601,436.18 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (10-09) pennsylvania DEPARTMENT OF REI~'ENUE I N H ERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS __--- ESTATE OF FILE NUMBER HELEN F. GROUSE 21 11 0926 Decedent's debts must be reported on Schedule L ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Fogelsanger-Bricker, balance due on funeral expenses 524.13 2. Premier Events, LLC, funeral luncheon 593.60 B. ADMINISTRATIVE COSTS: Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address Ciry Year(s) Commission Paid: 2. Attorney Fees: Joel R. Zullinger 3, Family Exemption: (If decedents address is not the same as claimant's, attach explanation.) Claimant 4. 5. 6. 7. 8. Street Address City State ZIP Rr:lationship of Claimant to Decedent Probate Fees: Letters - 20.00; will -15.00; short certificates - 80.00; JCS fee - 23.50; automation 5.00; additional probate fee - 490.00; certified will 5.00; filing return 15.00 Accountant Fees: Tax Return Preparer Fees: Orrstow'n Financial Advisors, date of death valuations Glen Arbor Associates, calculation of discounted valuation of decedent's interest in Beech Tree Limited Partnership 90,000.00 653.50 409.20 6, 750.00 TOTAL (Also enter on Line 9, Recapitulation) I $ State ZIP If more space is needed, use additional sheets of paper of the same size. REV-1512 Ex+ (12-08) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETI,JRN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER HELEN F. GROUSE 21 11 0926 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Continuing Care RX -Prescriptions 20.00 2. U.S. Treasury, federal tax estimated payment 7,400.00 on 9112/11 3. PA Department of Revenue, state estimated 356.00 tax payment on 9/12/11 4. U.S. Treasury, federal tax estimated payment 7,400.00 on 1/12/2012 5. PA Department of Revenue, state estimated tax 354.00 payment on 1/12/2012 6. U.S. Treasury, federal income tax due on amended 2010 5,604.00 tax return TOTAL (Also enter on Line 10, Recapitulation) I $ 21,134.00 If more space is needed, insert addfional sheets of the same size. REV-1513 EX+ (01-10) pennsylvania ~ SCHEDULE J DEPARTMENT OFREVE:NUE I BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: HELEN F. GROUSE 21 11 0926 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustees} OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 ;a) (1.2).] 1. Jean Crouse Ritchie, 628 Brad Street, Shippensburg, PA17257 Lineal 2,431,584.79 1/3 share of residuary of Helen F. Crouse Funded Revocable Trust 2. James R. Crouse, 931 Foxfire Trail, Oviedo, FL 32765 Lineal 2,431,584.79 1/3 share of residuary of Helen F. Crouse Funded Revocable Tnast 3. Paul J. Ritchie, 9895 McCreary Rd., Shippensburg, PA 17257 Lineal 319,607.36 specific bequest of $100,000.00 1/4 remainder interest in Charitable Lead Trust-219,607.36 4. Catherine Crouse Richart, 5212 Tangerine Avenue, Winter Park, FL. 32792 specific bequest of $100,0OO.OU 1/4 remainder interest in Charitable Lead Trust -219,607.36 Lineal 319,607.36 5. Brad Crouse, 10513 Leader Lane, Orlando, FL 32825 Lineal 319,607.36 specific bequest of $100,000.00 1/4 remainder interest in Charitable Lead Trust-219,607.36 6. David Ritchie, 236 West Reade Avenue, Upland, IN 46989 Lineal 319,607.37 specific bequest of $100,000.00 1/4 remainder interest in Charitable Lead Trust-219,607.37 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER S HEET, AS APPROPRIATE. II. NON-TAXABLE DISTRIBUTIONS: 1. A. SPOUSAL DISTR'.IBUTIONS UNDER SE~~TION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1: Shippensburg Public Library, Shippensburg, PA 17257 32,655.17 50% of Item 2 on Schedule G 2. Presbyterian CYturch of Shippensburg, Shippensburg, PA 17257 32,655.17 50% of Item 2 on Schedule G 3. Orrstown Bank, Trustee of the Crouse Charitable LEAD Trust 1,553,155.33 1/3 of residue of the Helen F. Crouse Funded Revocable Trust, dated 1/23/1997, with amendments dated 5/6/2008, 10/8/2009, & 5/5/2011, for 20 year time period from d/o/d TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 1,618,465.67 If more space is needed, use additional sheets of paper of the same size. REV-1514 EX+ (4-09) pennsylvania DEPARTMENT OF REVENUE Bureau of Individual TaxE;s PO Box 280601 Hamsburg PA 17128-0601 SCHEDULE K LIFE ESTATE, ANNUITY ~ TERM CERTAIN (CHECK BOX 4 ON REV-1500 COVER SHEET) ESTATE OF FILE NUMBER HELEN F. GROUSE _ - 21 11 0926 This schedule should bey used for all single-life, joint or successive life estate and term-certain calculations. For dates of death prior to 5-1-89, actuarial factors for single-life calculations can be obtained from the Department of Revenue. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death from 5-1-89 to 4-30-99, and in Aleph Volume for dates of death from 5-1-99 and thereafter. Indicate below the type of instrument that created the future interest and attach a copy of it to the tax return. ^ Will ^ Intervivos Deed of Trust ^ Other ~~~ ~: 'l ~'~"I llgi NAME OF LIFETt:NANT~~~~'' ' "li'IIVl~llli~~i~i~l~l~'~~ DATE OFBIRTH ~ I ~ ~~ • ~il~i'~~' REST AGE AT li~i! a BATE OF DEAT~~~~~ H LIFETERMOF~EARA~~ ESTATE I ~ BLE GROUSE CHARITABLE LEAD TRUST n/a n/a ^ Life or ®Term of Years 20 ^ Life or ^Terrn of Years ^ Life or ^Term of Years ^ Life or ^Term of Years ^ Life or ^ Term of Years 1. Value of fund from which life estate is payable ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$ 2,431,584.78 2. Actuarial factor perap~propriatetable ................................................ 0.361258 Interest table rate - ^3.5% ^ 6% ^ 10% X^Variable Rate 4.$ 3. Value of life estate(L.inelmultipliedbyLine2) ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$ $78,429.45 ' NAME OF LIFEANNUIITA ~~ NT DA' TES OF BIRTH • ~I~II~~pI II ,~~ ~,~~~~~~~ ~,~~ , DA~TE~~F DE~AT~ ~ U ~„~~~~~ ANN RM OF u~u~uiiuu T UITY IS PAYABLE ^ Life or ^ Term of Years ^ Life or ^ Term of Years ^ Life or ^ Term of Years ^ Life or ^ Term of Years 1. Value of fund from which annuity is payable ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$ 2. Check appropriate block below and enter corresponding number , , , , , , , , , , , , , , , , , , , , , , , , , , , Frequency of payout - ^ Weekly (52) ^ Bi-weekly (26) ^ Monthly (12) ^ Quarterly (4) ^Serni-annually (2) ^ Annually (1) ^ Other ( ) 3. Amount of payout per period ...................................................... $ 4. Aggregate annual payrnent, Line 2 multiplied by Line 3 ,, , , , , , , , , , , ,, , , , , , , , , , , ,,,,, , ,,,, , 5. Annuity Factor (see instructions) Interest table rate - ^ 3.5% ^ 6% ^ 10% ^ Variable Rate 6. AdjustmentFactor(Seeinstructions),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 7. Value of annuity - If using 3.5%, 6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 ...........................$ If using variable rate and period payout is at beginning of period, calculation is (Line4xLine5xLine6)+Line3,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,$ NOTE: The values of the funds that create the above future interests must be reported as part of the estate assets on Schedules A through G of the tax return. The resulting life or annuity interest should be reported at the appropriate tax rate on Lines 13 and 15 through 18 of the return. If more space is needed, use addfional sheets of the same size. Charitable Lead Unitrust 5121 /2012 Trust Type: Term Transfer Date: 8/2011 §7520 Rate: 2.20% FMV of Trust: $2,431,585 Growth of Trust: 4.00% Percentage Payout: 5.000% Payment Period: Annual Months Valuation Precedes Payout: 4 Term: 20 Payout Sequence Factor: 0.992772 Adjusted Payout Rate: 4.964% Interpolation: Factor at 4.8%: 0.373886 Factor at 5.0%: 0.358486 Difference: 0.015400 (4.964% - 4.8%) / 0.2% = X / 0.015400; Therefore X = 0.012628 Term Remainder Factor = Factor at 4.8% Less X: 0.361258 Remainder Interest: $878,429.45 Charitable Deduction for Income Interest: $1,553,155.33 Donor's Deduction as Percentage of Amount Transferred: 63.874'% ESTATE OF HELEN F. GROUSE CALCULATION Gross Estate $7,880,129.13 Less Deductions - 120,064.43 Net Estate $7,760,064..70 Charntable Distribution of IRA(Item 2, Sch. G) 65,310.34 Net I?state Residue to Helen F. Crouse Revocable `I"rust $7,694,754.36 Specific bequests payable from Trust:, as follows: $100,000.00 taxable at 4.5% $100,000.00 taxable at 4.5% $100,000.00 taxable at 4.5% $100,000.00 taxable at 4.5% - 400,000.00 Residue of Trust $7,294,754.36 Distribution of Residue of Trust, as follows: $2,431,584.79, being 1 /3 of residue to Jean Crouse Ritchie, taxable at 4.5% $2,432,584.79 $2,431,584.79, being 1 /3 of residue To James R. Crouse, taxable at 4.5% $2,432,584.79 $2,432,584.78, being 1 /3 of residue to Crouse Charitable LEAD Trust for 20 year term, with remainder to grandchildren Term Remainder Factor 0.361258 x 2,431,584.78 = $878,429.45 taxable at 4.5% Charitable Deduction for Income Interest = $1,553,155.33 taxable at 0% JRZ - 5.1 crouse.hel_ April l7, ?003 LAST WILL AND TESTAMENT I, l3elen F. Crouse, of Shippensburg, Cumberland County, Pennsylvania, beinc; of sound and disposing mind, memory and understanding, do :hereby declare this to be my will, hereby revoking any and all former wills and codicils thereto by me heretofore made . I. I direct that. all my just debts and funeral expenses, including all expenses of my last illness, shall be paid i=rom my estate as soon as practicable after my decease as a part of the expense of the administration of my estate. II. I gave and bequeath my automobiles, household and pE=_rsonal effects a.nd other te.ngible personalty of like nature (not including cash or securities) together with any existing insurance thereon to my children, Jean Crouse Ritchie and James R. Crouse, iri equal shares, if they survive me by thirty days. ~ -J: ~O __~ ~~ ~ ,'=: -l~ ~3 t- -~ =~ 7i'7 Cr ~ ~~;~ ~. " ,.J'~i ,] ~-- _. ~ C~ ~~~ ~~ ~- `^ r __ -. _ - -r-: _- :~:.y _y :T+ L'~ __~ ~'iI. I devise and bequeath the residue of my estate of every :nature and caherever situate to the 0_rrstown Bank, with principal offices in Shippensburg, Pennsylvania, to be added to and thereafter treated a~~ a part of that certain revocable funded trust created by me on January 23, 197, of which Orrstown Bank is trustee, to have and to ho:id IN TRUST' for the uses and purposes and subject to the terms and. provisions of my said trust agreement, including any alterations or amendments thereof or any other intervivos trust which may hereafter be substituted therefor. IV. Any fiduciary under this will shall have the following powers in addition to those vested in them by law and by other provisions of my will applicable to all property whether principal or income, including property held for minors, exercisable without Court approval, and effective until actual distribution of all property: A. To retain any and all of the assets of my estate, real or personal, without regard to any principle of diversification of risk. B. To invest in all forms of property including stock, common trust funds and mortgage i nvestment funds v7i thout restriction to investments authorized for Pennsylvania fiduciaries as they deem proper, without regard to any Page 2 principle of diversification of risk. C. To sell at public or private sale, to exchange or to lease for any period of time any real or personal property and to give options for :~a1es, exchanges or leases, for such prices and upon such terms or conditions as they deem proper. D. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. E. To compromise any claim or controversy. F. To distribute in cash or in kind or partly in each. G. !.o hold property in their names without designat=ion of any fiduciary capacity or in the name of a nominee or unregistered. V. Except as otherwise may be provided in my aforesaid revocable trust, a_Ll Federal, estate and other death taxes payable because of my death on the property forming my gross estate for tax purposes, whether or not it passes under this will shall be paid out of the principal of my probate estate so that the burden fall~~ on my residuary estate acid none of those taxes shall be charged against any beneficiary. This provision concerning payment of taxes shall not apply to generation-skipping taxes and any property over which I have a general power of appointment for Federal estate tax purposes. Page 3 VI. I appoint my children, Jean Crouse Ritchie and James R. Crouse, a:~ executors of this my will. VTI. No bond shall be required of any fiduciary hereunder in any jurisdiction. IN "v3:ETI3ESS WHEREOF, T hereunto set my hand and seal to this my last will and testament, consisting of five typewritten pages, the first three of which bear my signature in the margin for the purpose of ic~entificati on this ~ ~ day of ;~;R~~ ;~ , _ ~.y."'` .._.~ (SEAL) Signed, sealed, published and declared by the above-named testatrix as and for her last will and testament in our presence, who in h.er presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. iJ ~ T ~ , ~ ~ ~ ' r t } ~,( o, Lttc~~ .~ ,,~~ -~,. ~ f e ~~ ~ 1 Page 4 ~, ,_~__ n We , 'E-'L~~C'~ ~', Lll'!r/~~r~ r and ~fr/ C~t't ~-: ~~l/~[~~ the J ~ testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly swo=rn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last will and testament and . that she executed it as her free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testatrix, signed the will as witnesses and to the best of their knowledge, said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. %~ ~'~ .~ Testatrix \ ` ~ ~,~,. _ ~ _ ~tness ~~ Witness Subscribed, sworn to and acknowledged before me by the above-named signer and subscribed and sworrL to before me by the above-named~i.tnesses this ~~ d of i.~~ 2 ~= ~~~\ ~% ~~~ votary Public !~o#erta~ i gal Garin L. ~q;ter Notary Public Charnbersbur~ °oro, Franklin CcurSj oh;~,, CGm mission Expires ~iay 13, 2c?03 Page 5 JRZ -trusts\crouse.ob s~ E January 29', 1957 .: FUNDED REVOCABLE TRUST AGREEMENT ~_2 MADE and entered into this i~t~ day of L~ ~.~G~`~~T _ , 19 9~ , V !/- _ BETWEEN HELEN F. GROUSE of 120 East King Street, Shippensburg, Cumberland County, Pennsylvania, hereinafter called «Settlor, ~~ AND ORRSTOWN BANK with principal trust offices in the Borough of Shippensburg, Cumberland County, Pennsylvania, hereinafter called ~~Trustee, ~~ NOW, THEREFORE, WITNESSETH that the parties hereto, intending to be legally bound hereby, agree as follows: 1. Settlor has previously entered into a funded revocable trust agreement dated August 31, 1992. Settlor° now wishes to make significant changes to the terms of said trL~st agreement and does hereby revoke the same. Settlor does hereby grant, assign, and set over to the Trustee all the property hc~Id by Trustee in the prior trust agreement of August 31, 1992. Said property together with all other property, real or personal, that may be added. to the trust (such property and additions being hereinafter called "Principal~~) shall be held by Trustee, IN TRUST, upon the following terms. 2. During Settlor's lifetime Trustee shall invest and manage the property as a separate trust and make distributions as follows: A. Settlor directs that Settlor shall have full power and authority to direct the investment and reinvestment of all trust funds, in addition Trustee shall act in accordance with Settlor's written instructions as to such investment and reinvestment of trust funds. Settlor further directs that Trustee shall not be liable for any loss sustained on any investment made by it pursuant to such written direction; however, at any time, if in Trustee's sole opinion, Settlor cannot be conveniently reached or Settlor is unable to properly manage Settlor's financial affairs, Trustee, in Trustee's sole discretion, may take any Page 1 4 9 ~ Y ~ I _ r ~ I action in regard to Settlor's securities that it deems for the best interest of the trust; and B. As much, even if all, of the net income ;and Principal as Settlor may from time to time direct in writing shall be paid either to Settlor or as Settlor may specify; and C. Any remaining net income shall from time to time be accumulated and added to Principal; however D. If Settlor is in Trustee's opinion, disabled by advanced age, illness or other cause {and unable to manage Settlor's affairs) as much of the net income and Principal as Trustee may from time to time think desirable for Settlor's welfare, comfort, support or emergency needs shall be paid or applied directly for those purposes (any such payments may be made to such person or organization as Trustee may select, whose receipt shall discharge Trustee as to such payments). 3. Upon the death of the Settlor, Trustee shall, after having made payments in accordance with Paragraph 5 herein, distribute the remaining Principal and accumulated income as follows: A. The sum of $50,000.00 cash to each of Settlor's grandchildren living at the time of Settlor's death. B. During Settlor's lifetime, it is Settlor's intent to pay for Settlor's grandchildren's college education, both graduate and undergraduate and graduate out of the proceeds of this trust. Prior to making distribution under this paragraph 3, I direct my Trustee to calculate all expenses that I have paid in connection with each of my grandchildren's college education. I anticipate that those payments shall not be equal. I direct my Trustee to add together all payments made for the children of my daughter, Jean, Crouse Ritchie, and also calculate payments made to the children of my son, James R. Crouse. I direct. my Trustee to pay to my child whose children have received a lesser sum cash sufficient to equalize the difference between the amounts received by the children of Jean Crouse Ritchie and the children of James R. Crouse. If the child whose children have received the lesser amount for college education is not living on the thirty-first day following my death, then the same amount to equalize the shares shall be paid to his or her issue, per stirpes, living on the thirty-first day following my Page 2 ,, ~' death and in default of any such then-living issue, this paragraph. shall be considered null and void. C. The residue in the hands of my Trustee after payments in accordance with subparagraphs A. & B above sYiall be distributed as follows: 1. One-half thereof to be held IN FURTHER SEPARATE TRUST by my Trustee under the foll~~wing terms and conditions: (a) The trust shall be a charitable LEAD trust with guaranteed annuity interest to be known as the "Crouse Charitable LEAD Trust," hereinafter called "LEAD Trust." (b) The Lead Trust principal and all receipts of every kind shall be managed and invested by the Trustee as a single fund. (c) The Lead Trust. term shall begin with i:he date of my death and shall end twenty years later. (d) I appoint Jean Crouse Ritchie, Philip Ritchie, James R. Crouse and Tace T. Crouse to .serve on a committee (hereinafter called "Committee") whose sole purpose shall be tc~ determine the charitable organizations who shall be the beneficiaries (hereinafter called "Charitable Beneficiaries") of the Lead Trust in each taxable year of its existence. Upon the death of any member of the Committee prior to the termination of this trust, the remaining members may designate another individual to serve in his or her stead or elect to reduce the Committee in size to consist of the remaining original members. I,~ no event will the number of Committee members exceed four. Notwithstanding any existing or future state law, no amount may be paid from the trust estate to or for the use of any person or organization other than an organization described in both Section 170(b)(1)(A) and Section 2055(a) of the Internal Revenuz Code of 1986, as amended, (hereina~ter called "Code"). However, an. amount shall not be deemed to be so paid if it is paid for full consideration. Therefore, the Committee shall only designate as charitable beneficiaries those entities that qualify under the aforementioned- provisions of the Internal Page 3 ~~ Revenue-Code. The Committee shall have sole discretion in determining the method of selecting Charitable Beneficiaries for each year the annuity amount is to be distributed. In all events the Committee: shall have uncontrolled discretion in selecting the Charitable Beneficiaries of the Trust; subject, however, to the above-stated restrictions. , (e) Trustee will pay, in casYi, in kind, or partly in each, in each taxable year of the Lead Trust, except as otherwise provided in subparagraph (f) a guaranteed annuity :interest equal to seven percent of the initial net fair market value of the assets constituting the trust to the Charitable Beneficiaries designated by the aforementioned Committee. Any income of the Lead Trust for a taxable year above the annuity amount shall be added to Principal. (f) In a taxable year which is for a period of less than twelve months, other- than the taxable year in which the .Lead Trust term ends, the annuity amount which must be distributed under subparagraph 1(e) :shall be such amount multiplied by a fraction, the numerator of which is the number of days in that" taxable year of the- Lead Trust and the denominator of which is 365 (366 if February 29 is a day included in the numerator_). For the taxable year in which the Lead Trust term ends, the annuity amount which ~.nust be distributed under subparagraph 1(e) :shall be such. amount multiplied by a fraction, the numerator of which is the number of days in the period beginning on the first day of such taxable year and ending on the last da.y of the Lead Trust terms, and the denominator of which is 365 (366 if February 29 is a day included in the numerator). (g) The obligation to pay the annuity amount shall commence with the date of my death, but payment may be deferred f..-nom ~Lhe date of my death until the end of the taxable year of the Lead Trust in which occurs the complete funding of the Lead Trust. Within a reasonable period after that time, the: Trustee shall pay, in the case of an underpayment, or Page 4 1 t shall receive from Charitable Beneficiaries, in the case of an overpayment, the difference between: any annuity amounts actually paid to Charitable Beneficiaries, plus` interest, compounded annually, computed for any period at the rate of interest prescribed by the United States Treasury or the Internal Revenue Service for such computation for such period, and the annuity amounts payable, plus interest, compounded annually, computed for any period at the rate of •interest prescribed by the United States Treasury or the Internal Revenue Service for such computation f:or such period. If neither Treasury nor the Internal Revenue .Service shall have specified a rate of interest, the rate of interest shall be the rate then used in United States Treasury tables for valuing a charity's interest in a charitable lead annuity interest. (h) The adjusted basis for Federal income tax purposes of any Lead Trust property which the Trustee distributes in kind to a beneficiary during the Lead Trust term. must be fairly representative of the adjusted basis for such purposes of all Lead Trust property available for distribution on the date of_ distriibution. (i) In determining the initial n?t fain market value of Lead Trust assets, said assets shall be valued at their values as finally determined for Federal tax purposes. If the initial net fair market value of the Lead Trust assets is incorrectly determined by the Trustee, then within a reasonable period after the final determination of the correct value, the Trustee shall pay to the beneficiaries in the case of an undervaluation, o:r shall receive from said beneficiaries in the. case of an overvaluation, an amount equal to the difference between the amount properly payable and the amount actually paid.. (j) The guaranteed annuity interest shall be paid not less than annually, first from ordinary income (excluding unrelated business income), then from short-term capital gain, then from long-term capital gain, then from unrelated business income, then from tax exempt income, and to the extent that the foregoing items for the taxable year are not sufficient, from Page 5 principal. Any income of the Lead Trust for a taxable year above the guaranteed annuity interest shall be added to principal. The Trustee's obligation to make payments is limited to the trust assets. Notraith:atanding any existing or hereafter enacted state law, no amount may be paid to or fc~.r the us:' of any person or organization o~~her than an organization described in Section 170 (k~) (1) (A) and Section 2055(a) of the Internal Revenue Code of 1986, as amended.:("Code"). However, an amount shall not be deemed to be so paid if the amount is paid for full consideration. (k) In creating the Lead Trust, I intend to obtain the full benefit of any estate tax charitable contribution deduction to which my estate may be entitled under the Code and for Charitable Beneficiaries' interest to qualify as a lead annuity interest under Section 2055(E:)(2)(B) of the Code and the regulations under that section. Accordingly, the Lead Trust :hall be interpreted, valued, managed, invested, administered and in all other respects governed consistent with my .intent. Without limiting the generality. of the foregoing, the Trustee is prohibited from engaging in any act of self-dealing as defined in Section 4941(d) of the Code, from retuning any excess business holdings as defined in Section 4943(c) of the Code, which would subject the Lead Trust to tax under Section 4943 of the Code, from making any investments which would subject the Lead Trust to tax under Section 4944 of the Code, and from making any taxable expenditures as defined in Section 49~65(d) of the Code. If Section 4942 of the Code is deemed applicable. to the Lead Trust by reason of Section 508(e) of the Code or otYierwise, the Trustee shall make distributions at such time and in such manner as not to sub;lect the Lead Trust to tax under Section .4942 of the Code. (1) The Trustee shall have the power to amend the Lead Trust for the sole purpose of complying with the requirements of Section 2055(~t) (2) (B) of the Code and the regulations under that section. (m) The Lead Trust shall be governed and Page 6 interpreted under the laws of the Commonwealth of Pennsylvania. However, in any conflict with the Code and regulations specified in this article or any other existing or future legislative or Treasury Requirements :for the qualification of the Lead Trust and for my estate's obtaining the full benefit of any estate tax charitable deduction to which it is entitled, the Code, the regulations and the legislative and Treasury Requirementsa shall govern. (n) No additional contributions may be made' to the trust by any person. (o) At the end of the Lead Trust term, the Trustee shall distribute all of the then principal and income of the Lead Trust, other than any amount due Charitable Benefir_iaries, to my grandchildren, namely, Paul J. Ritchie, David H. Ritchie, Catherine T. Crouse, and Bradford J. Crouse, living at the termination of the trust, in equal shares. 2. One-half thereof to be distributed equally to my children, namely, Jean Crouse Ritchie and James R. Crouse, provided, however, that if either of my children predecease me or die on or before the thirtieth day following my death, his or. her share shall be distributed to his or -her issue, per stirpes, living on the thirty-first day following my death, and in default of any such then-living issue, his or her share shall be distributes to my other then-living child. D. In the event all of my children and their issue predecease me or die on or before the thirtieth day following my death, I direct the residue of the trust be paid as follows: 1. One•-half thereof to Shippensburg United Presbyterian Church, Shippensburg, Pennsylvania. 2. One•-half thereof to Shippensburg University Foundation, Shippensburg, Pennsylvania. E. In the event any beneficiary named hereunder is under the age of forty years at the time set for distribution, Trustee shall not distribute said beneficiary's share, but sha1:1 hold such share IN A SEPARATE TRUST under the following terms and conditions: Page 7 1. If beneficiary is under ag~~ of twenty-one, to expend and apply so much of the net income (any income not expended or applied to be accumulated and added to Principal) and so much of the Principal of each trust as the Trustee shall consider advisable for the support and education (including college education, both graduate and undergraduate) of that beneficiary until he or she attains the age of twenty-one years. 2. In addition, Trustee in its sole discretion may distribute Principal of the trust t:o the beneficiary for his benefit should said beneficiary desire~to purchase a principal residence or start a business, with said Trustee first taking into account other readily available assets and sources of income. 3. Up to one-third of the then-remaining Principal and accumulated income at age thirty on the request of the beneficiary shall be distributed to that beneficiary at or after age thirty; up to one-half of the then-remaining Principal and accumulated income at age thirty-five on the written request of the beneficiary shall be distributed to that beneficiary at or after age thirty-five. U~> to the entire balance of Principal and accumulated. income then remaining on the request. of the beneficiary shall be distributed to that beneficiary at or after age forty. Distributions at or after these stated ages shall be made only in the event the beneficiary requests such distribution by a writing intended to take effect during lifetime; executed by that beneficiary upon or after attaining each of the stated ages and delivered to the corporate trustee. 4. If any such beneficiary shall die before receiving final distribution of his or her entire share, the undistributed balance shall be distributed under the terms of this trust to his or her surviving issue, per stirpes, and in default of any such issue, then to my then-living issue, per stirpes, the share of any beneficiary whose original share is then being held IN TRUST to be added to and treated as a part of that trust. Page 8 4. The Principal and income of this trust or any trusts created hereunder shall be free from anticipation, assignment, pledge or obligation of Sett:lor or of any beneficiary and shall not be subject to any execution or attachment or to voluntary or involuntary alienation. 5. Trustee shall have the power, but not the duty, to make such expenditures out of this trust as it, in its uncontrolled discretion, may consider desirable in order to facilitate the settlement of Settler's estate. In exercising such power, Trustee may pay, in whole ar in part, any or all of the following items: the expenses of Settlor's last illness and burial, including cost of grave marker, her debts, her income taxes, the death taxes on any and all property included in her gross estate for tax purposes, (excluding generation-skipping taxes) and all other items in connection with the settlement of her estate. Any such items may be paid directly by Trustee or the funds for their payment may be transferred by Trustee to Settlor's executor or administrator, and neither such executor or administrator nor' any beneficiary of Settlor'~s estate shall be required to reimburse Trustee for any funds so paid or transferred. All such death taxes on present or future interests shall be paid at -such time or times as Tru~:tee may think proper, regardless of whether such taxes are then due, provided that any postponed taxes on future interests shall be charged against the particular share with respect to which the taxes are imposed. 6. Any fiduciary under this will shall have the following powers in addition to those vested in them by law and by other previsions of Settlor's will applicable to all property whether Principal or income, including property held for minors, exercisable without Court approval, and effective until actual distribution of all property: A. No fiduciary shall be required to execute any in~;trument appointing anyone to accept services of process or file inventories or accounts of any kind, except as ordered to do so by a Court of competent jurisdiction or as required to do so under a state statute not providing for release of such requirements by a testator. Any beneficiary however will have the right at any time to request and receive a complete accounting of such mattes as are pertinent to that beneficiary. B. If there is na corporate fiduciary acting hereunder, my Page 9 executor or trustee may designate a corporation, regardless of where organized or headquartered, with fiduciary powers to act as agent or custodian hereunder, may delegate to it such duties a~ may be appropriate, including investment recommendation duties, may pay to it reasonable compensation for its services, and may discharge it with or without cause. C. To retain any or all of the assets of my estate, real or personal, including stock of any corporate fiduciary, without regard to any principal of diversification or risk. D. To invest in all forms of property including stock, common trust funds and mortgage investment funds whether operated by my fiduciary or others, without restriction to investments authorized for Pennsylvania fiduciaries, as my fiduciary deems proper, without regard to any principal of diversification or risk. E. To sell at public or private sale, to exchange or to lease for any period of time any real or personal property and to give options for sales, exchanges or leases, f°or such prices and upon such terms or conditions as my fiduciary deems proper. F. To allocate receipts and expenses to principal or income or partly to each as my fiduciary frorii time to time thinks proper in my fiduciary's sole discretion. G. To borrow from or to sell to my trustee even though such trustee may be my executor. H. To cause the title to any property held hereunder to stand in the name of a nominee or nominees. I. To repair, alter or improve any real ur personal property; to borrow money including the right to borrot~ money from any fiduciary hereunder and. to pledge, mortgage or create a security interest in any property .held by my fiduciary as security thereof, and to make loans, secured or unsecured, for such purposes and upon such teams and conditions, as my fiduciary deems advisable including loans to my estate, with or' without interest, for any purpose whatsoever, and to exercise options of any kind. J. To subscribe for or to exercise options for stoc}:s, bonds or other investments; to join in any plan of lease, mortgage, merger, consolidation, reorganization, foreclosure or voting trust and to deposit securities Page l0 thereunder; to vote securities in person or by proxy, in such connection to delegate discretionary powers; and generally to exercise all the rights of security holders or employees of any corporation. K. To compromise, submit to arbitration or release any claim of my estate or any trust hereunder against others and to pay, compromise or submit to arbitration any claim of others against my estate or any trust hereunder., L. To exercise any law-given option to pay death taxes in installments, the payment of interest- due on such installments to be a charge against principal. M. To exercise any law-given option to treat admini:~trative expenses either as income tax or as estate tax deductions, without regard to whether the expen:~es were paid from principal or income. N. To receive other property of any ty-~pe acceptable to the trustee, including, but not in way of limitation, life insurance proceeds which may be devised, bequeathed, assigned, granted, conveyed or made payable to the trustee by any other person, to be added to and administered in accordance with the then-applicable provisions of the trust or trusts hereunder; provided, however, if more than one trust is then being administered hereunder, such other person may specify in the instrument of transfer among which trusts and in what proportions such property shall e allocated. O. To treat the entire trust estate as a common fund. for the purpose of investment, notwithstanding any provisions herein for division thereof into shares or separate trusts. P. Any trust beneficiary will have true right at any time to request of and receive from the trustee a complete written accounting of such matters pertaining to the administration of the trust as are pertinent to that beneficiary. In the trustee's discretion income tax returns of the trust may be used to satisfy such request. Q. In making distribution of my estate, my executor, and in making distribution of any trust, my trustee, is hereby granted the power to make non-prorata distribution of assets in kind. R. My trustee in addition to other powers granted shall have the authority to purchase life insurance on the lives of any or all beneficiaries of the trust. In addition, Page 11 specific authority or power is granted to pay premiums on existing policies as well as those purchased after the creation of the trust even though said policies may not be owned by or payable to the trustee as beneficiary. Premiums may be paid from the income of the trust estate or, if necessary, from principal. S. Should the principal of any trust herein provided for be or become so small that in the trustee's-:discretion establishment or continuance of the trust .is inadvisable, my trustee or my personal representative ma.y make immediate distribution of the then-remaining principal and any accumulated or undistributed income outright to the person or persons and in the proportions they are then entitled to. If any such person is then a minor, distribution may be made to that person's guardian, or to a person selected by the .trustee to be custodian f:or such person until the age of twenty-one years under the Pennsylvania Uniform Gifts to Minors Act. T. To continue the operation of any business in which I may be interested or engaged at the time of my death, regardless of the form or organization of any such business, which business or an interest in which :hall be received by my fiduciary. This authorization shall include t:he right to change the form of any such business by the rEaorganization or incorporation thereof, or the formation. of a general or limited partnership with respect thereto, and shall also include the right to invest in any such business including the right to invest in any business the property of any trust hereunder for such periods of time and upon such terms and conditions as my fiduciary shall deem advisable. No fiduciary shall be liable for any loss resulting from continuing any such business, but' my fiduciary ~~ay, in my fiduciary's discretion, sell, liquidate or otherwise discontinue any such business at such time or upon such teams and conditions as my fiduciary shall deem advisable„ U. My fiduciary generally shall have full power and authority to exercise all rights and privileges appurtenant to any property held by my fiduciary, and to execute a.nd deliver any and all instruments which may be necessary or expedient in the exercise of the powers granted herein. V. Any fiduciary is authorized to make distrib~.a_tion in any manner which my fiduciary deems to be i.n the best interest of a beneficiary including: 1. To such beneficiary directly including mailing to Page 12 said beneficiary's last-known address or depositing to the beneficiary's bank account or to a bank account to be opened by said beneficiary; and 2. To an existing trust or fund thereof for t:he sole benefit of such beneficiary and providing no less a right to present enjoyment of income and principal that: would be the case under the trust riereunder; and 3. Directly to third persons for. the sole benefit of such beneficiary or such beneficiary's depE~ndents. 4. The receipt for any distribution made in conformity with the above provisions will fully discharge trustee from any further liability for that distribution. 5. No fiduciary will exercise any discretionary authority to distribute principal or income for the benefit of any beneficiary to reimburse any governmental entity which may have .incurred expenses for the benefit of that beneficiary or pay any obligation of a beneficiary if that expense or obligation is otherwise payable by any governmental entity or pursuant to any governmental program of reimbursement or payment. W. The situs of any trust created hereunder shall be in the County of Cumberland, State of Pennsylvania, and all questions pertaining to the construction. or validity of the provisions of this instrument shall be governed by the Laws of that state. Despite the foregoing the trustee may at any time and from time to time change the situs of any trust created hereunder as the trustee in trustee's sole discretion deems desirable for the benefit or security of this trust. The trustee may elect or decline to elect the law of a different jurisdiction and thereafter the Court of such other jurisdiction shall have thE, power to effectuate the purposes of this instrument to such extent. The trustee may change the situs of any trust created hereunder and may change the situs of one trust without changing the situs of other trusts created hereunder. This is a continuing power which will not be exhausted by its 'use'. The determination of the trustee as to the change of situs shall be conclusive and binding on alI persons interested or claiming to be interested in any trusf~ hereunder. X. In any proceeding legal or equitable,` formal or informal, in Court or out of Court, in any jurisdiction concerning Page 13 any property or personal rights or interest, whether vested or contingent, -which arise hereunder, the interests of the following persons shall be represented as hereinafter provided for: 1. In the case of beneficiaries whose whereabouts cannot be ascertained, trustee or executor will represent them; 2. In the case of beneficiaries who are unborn, unknown, incompetent or otherwise subject to the appointment of a guardian and a guardian i'or such beneficiary has not been designated, the following persons in the order named will represent them: a. The oldest competent parent, or if there is no competent parent, the oldest co:~rpetent grandparent, of such beneficiary; b. The oldest competent sibling; c. The oldest competent child or if there is no competent child, the oldest competent child of a sibling of such beneficiary; 3. Unborn beneficiaries wil-1 be represented key their parent who is related most closely to me. No person will represent a beneficiary if it could or would result in an increase of Federal o~r state income, gains, gift, death or other taxes. 7. Settlor and Trustee acknowledge that the trust will contain a large block of common stock of Dauphin Deposit Bank and Trust Company. Under normal fiduciary responsibility, a .large portion of the existing block of said stock would be liquidated. However, due to tax considerations and various other considerations, Settlor specifically approves the retention of the existing block of Dauphin Deposit Bank and Trust Company common stock, without liability on the part of the Trustee. However, Settlor would anticipate the use of a portion of said stock for gifts to charitie:~ and a slow liquidation of a portion of said stocl~ over a period oi' time. 8. Trustee is hereby authorized by Settlor in its sole disscretion to pay all or a portion of all of Settlor's grandchildren's college expenses, both undergraduate and graduate in addition to~ health expenses including the cost of health insurance if such payments Page 14 are a tax benefit to the trust or Settlor. 9. Settlor has engaged in the practice of gifting the :a~aximum amount allowed by Federal tax law without the need to file a Federal gift tax return. In the past, these gifts have been made to Settlor's children and grandchildren, to the spouses of children and grandchildren. Settlor authorizes Trustee in its sole discretion to continue such practice of gifting, if in the Trustee'; opinion such practices are of tax benefit to the trust or Settlor. 10. Subject to the approval of Trustee anyone may add property, real or personal, to the Principal of this trust by deed, will or otherwise during the Settlor's lifetime. Thereafter, no property may be added to the trust created under paragraph 3 C. 1. herein. 11. Settlor reserves the right by an instrument- in writing intended to take effect during Settlor's lifetime signed by Settlor and delivered to Trustee to revoke or amend this agreement in whole or in part provided that the duties, powers and liabilities of Trustee shall not be substantially changed without its written consent. 12. Trustee shall receive compensation for the performance of its function's hereunder in accordance with its standard schedule of fees in effect from time to time during the period over which its services are performed. 13. The situs of this trust for administrative and- accounting purposes shall be in the County of Cumberland, CommonwE~alth of Pennsylvania, and all questions pertaining to the construction or validity of the provisions of this instrument shall be governed by the laws of that Commonwealth. Page 15 IN WITNESS WHEREOF, the parties hereto have 1lereunto caused these presents to be executed the day, month and year aforesaid. Witness: ~_ / ~ ~ r Attest: E~~".~/ (SEAL) Helen F. Crouse ORRSTOWN BANK r, STATE OF PENNSYL,V~~ANIA: COUNTY OF ~~~~~~~/ ~' ~-_ On this the ,~-~ day of ~-=~~~-~~~~" , 19 ~~, before me a notary public; personally appeared He3 n F. Crouse known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument and acknowledged that she executed the same for the purposes therein contained. In ~Iitness_Whereof, I hereunto set my hand and official seal. ,~ ~~ ~- Notary,~ublic STATE OF PENNSYLVANIA: COUNTY OF , ,~('.~f,~ ,% ' ,,~! My commission e xp i,r. es..:r~ .e..a~-.~--~ -_-~--~ I maintain my offce:.iri::'. - -.~ _ ss y' I i ~t~ ~ .~ ! On this the a~ day of `•---~~--.~c-~~~ /19 ~ _, before me a notary public personally appeared ,,~ ~ ~~" ~~1 ~ who acknowledged himself to be the ~~ O i~`-~ of Orrs~own Bank, a corporation, and that he as such ~o-~',~' ~-~-, _, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by himseaf as such ~`.~''~5~~ ~~-~, Page 16 In Witness Whereof, I have hereunto set my hand and official seal. .%' Notary Pubha-c My commission expires: I maintain my office in: {~I ldilf.-~$~i'~~~374ry. "..,`~~.o..®.+~C{.~i~ ~t~. ~iS, $ Page 17 ORRSTOWN BANK STATEMENT OF ASSETS January 24, 1997 0119 PAGE 1 ESTIMATED INC YLD DESCRIPTION NET SHARES NET COST MARKET VALUE ANNUAL INC TO MKT BONDS: EXETER TWP SCH DIST DUE 3-1-97 8% 5,000.0000 4,759.75 5,032.15 400.00 7.9489 SHIPPENSBURG BORO SWR DUE 4-1-97 6.So 5,000.0000 4,401.85 5,038.70 340.00 6.7478 PENNSYLVANIA GO 2ND SER S 9-15-97 6.3% 10,000.0000 9,113.15 10,054.00 630.00 6.2662 CITY OF CINCINNATI F;LWY DUE 11-1-97 3% 10.000.0000 6,599.50 9,949.10 300.00 3.0153 DETROIT WATER SER 0 DUE 1-1-98 3.5% 10,000.0000 6,674.90 9,963.90 350.00 3.5127 COMM OF PA HWY 2ND SER T DUE 1-15-98 10,000.0000 7,960.70 10,075.40 450.00 4.4663 4.5% GRANTVILLE GEORGIA (iSG DUE 5-1-98 3.75% 20.000.0000 15,314.60 19,994.00 750.00 3.7511 KING CO WASH GO DUE 7-1-99 6.1% 25,000.0000 21,430.13 26,105.25 1,525.G0 5.8417 READING SCHOOL DISTRICT DUE 7-15-94 5.6Y, 25,000.0000 24,880.00 25,841.00 1,400.00 5.4177 PENNSYLVANIA GO HWY SER T 10-15.99 5.5% 5,000.0000 3,582.83 5,044.65 275.00 5.4513 STATE OF OREGON DUE 7-1-00 @ 7X 5,000.0000 5,103.98 5,439.75 350.00 6.4341 ALASKA HSG AUTH 3RD ISSUE DUE 4-I-2002 25,000.0000 15,735.25 24,053.50 906.25 3.7676 3.625X PHILA HOSP & HIGHER EDUC DUE 7-1-200? 25,000.0000 25,724.88 25,997.00 1,937.!i0 7.4528 7.75% WEST MIFFLIN PA AMBAC INS DUE 9-1-2002 35,000.0000 21,348.95 25,875.50 1,890.00 7.3042 7.2% CALL 9-1-99 ZERO READING SCHOOL AUTH DUE 12-1-02 6.5:0 10,000.0000 9,282.15 10,941.90 650.00 5.9405 PHILADELPHIA CRIMIAIAL JUST DUE 4-1-2003 25,000.0000 25,539.25 26,523.75 1,875.00 7.0691 7.5% JOHNSTON WATER AUTFI DUE 1-1-04 3.9% 5,000.0000 3,254.90 4,732.20 195.00 4.1207 ORRSTOWN BANK STATEMENT OF ASSETS January 24, 1997 PAGE 2 V117 - ESTIMATED INC YLD DESCRIPTION NET SHARES NET COST MARKS-T VALUE ANNUAL IN(: TO MKT BONDS: PA HIGHER EDUC FACIL DUE 1-1-04 7.2% 5,000.0000 4,287.05 5,703.35 360.00 6.3121 NAVAJO ARIZ HSG DUE 9-1-2004 4.5% 15,000.0000 11,611.80 14,836.35 675.00 4.5496 PENNSYLVANIA ST TPK SER M DUE 12-1-20()4 30,000.0000 32,684.21 32,507.40 1,890.00 5.8141 6.3% CALLABLE 12-1-01 HUDSON CO UTILITIES DUE 7-1-06 11.87!i% 5,000.0000 6,063.20 6,341.70 593.75 9.3626 ALLEGHENY CO HOSP DLIE 7-1-06 8.625X 10,000.0000 10,364.45 10,876.50 862.50 7.9299 ALLEGHENY CO HOSP DLIE 7-1-06 8.625% 20,000.0000 20,728.90 21,753.00 1,725.00 7.9299 BEAUER CO IDA DUE 17.-1-06 @ 6.7% 10,000.0000 8,604.15 9,942.00 670.00 6.7391 BORO OF SAYRE GO DUE: 5-1-08 6.1% 15,000.0000 15,000.00 15,351.75 915.00 5.9602 CALLABLE 5-1-99 ASSET GUAR INS ALLENTOWN WTR DUE 515-2007 6.625% 25,000.0000 23,100.87 25,152.25 1,656.2:5 6.5849 ALLENTOWN GO DUE 5-:L5-07 6.625% 25,000.0000 24,132.13 25,152.25 1.656.25 6.5849 ALLENTOWN WTR DUE 5-15-07 6.625% 5,000.0000 4,620.18 5,054.85 331.25 6.5531 BUFFALO TWP BUT CO IrfTR DUE 11-1-07 9.25% 25,000.0000 26,174.50 26,129.75 2,312.~i0 8.8501 MONTGOMERY ED & HEAILTH DUE 3-1-2008 8% 25,000.0000 25,319.63 23,750.00 2,000.00 8.4211 CARLISLE BORO GTD W1R DUE 12-15-08 5.15% 40.000.0000 40.000.00 40,000.00 2,060.00 5.1500 POCONO MOUNTAIN SD DUE 10-1-2009 7.2% 25,000.0000 25,128.00 25,369.00 1,800.00 7.0953 HEMPFIELD SD DUE i0-15-09 @ 7.2X 25,000.0000 25,082.25 25,859.50 1,800.00 6.9607 NORTH WALES WTR MONT CO DUE 11-1-09 7% 20,000.0000 19,927.30 20,925.00 1.400.00 6.6906 TAMAQUA BORO SEWER DUE 1-1-11 8.125.: 20,000.0000 20,000.00 2.2,730.60 1,625.00 7.1490 WASHINGTON CO ECO DEV DUE 4-1-11 8.25% 25,000.0000 25,080.25 26,134.00 2.062.50 7.8920 ORRSTOWN BANK STATEMENT OF ASSETS January 24, 1997 PAGE 3 ESTIMATED INC YLD DESCRIPTION NET SNARES NET COST MARKET VALUE ANNUAL INC TO MKT BONDS: BERKS CO MUN AUTH DUE 5/15/12 8.25% BORO OF BOYERTOWN WTR DUE 3-15-13 6.1~?5% WEST HILLS AREA WATER POLLUTION AUTH DUE 6-1-13 @ 9% WILLISTOWN TWP DUE 1,-1-15 @ 6% PHILADELPHIA AIRPORT REV DUE 6-15-2015 7.75% BERKS CO HIGHER ED CIUE 9-1-15 7% DAUPHIN CO GEN AUTH SER A DUE 1-1-2016 7.7% ROBESONIA-WERNERSVII_LE SWR DUE 2-1-2019 7.5% KULPMONT-MARION HTS JT MUN DUE 2-1-22 8.25% ** TOTAL BONDS STOCKS: BOEING COMPANY LOCKHEED MARTIN CORPORATION DAUPHIN DEPOSIT ORRSTOWN FINANCIAL SERVICES INC E I DUPONT DE NEMOURS & CO DIAL CORPORATION 25,000.0000 25,000.00 25,084.50 25,000.0000 22,066.88 25,026.50 25,000.0000 25,672.75 26,760.50 15,000.0000 11,216.55 15,468.15 25,000.0000 25,435.13 26,224.50 25,000.0000 23,363.00 25,543.75 20,000.0000 19,922.90 22,758.00 20,000.0000 19,715.10 20,065.40 25,000.0000 25,258.88 25,097.50 2,062.50 8.2222 1,531.2!i 6.1185 2,250.00 8.4079 900.00 5.8184 1,937.50 7.3881 2,750.00 6.8510 1,540.00 6.7669 1,500.C0 7.4756 2.062.50 8.2179 830,000.0000 176,266.83 846,259.80 56,152.Gi0 518.0000 12,196.31 55,167.00 580.16 1.0516 336.0000 936.70 30,744.00 537.Ei0 1.7486 128,012.0000 995,046.23 4,224,396.00 153,614.41 3.6364 5,348.0000 76,662.42 181,832.00 3,636.64 2.0000 480.0000 10,873.20 45,180.00 1,094.40 2.4223 1,472.0000 8,056.07 21,528.00 471.04 2.1880 ~. - ORRSTOWN BANK STATEMENT OF ASSETS January Z4, 1997 0119 - - PAGE 4 ESTIMATED INC YLD DESCRIPTION NET SHARES NET COST MARKET VALUE ANNUAL INC TO MKT STOCKS: PHARMACIA & UPJOHN. INC. 145.0000 3,821.36 5,745.63 39.15 0.6814 CORESTATES FINANCIAL. 1,235.0000 8,234.14 64,065.63 2,321.8() 3.6241 FINANCIAL TRUST CORP 2,298.0000 27,279.83 91,632.75 1,149.00 1.2539 FRANKLIN FINANCIAL SERVICES 442.0000 5,728.12 14,365.00 353.60 2.4615 FULTON FINANCIAL COR:P 668.0000 7,220.58 14,362.00 454.24 3.1628 MELLON BANK CORP 435.0000 7,011.50 30,885.00 261.00 0.8451 PNC FINANCIAL 924.0000 10,975.50 34,765.50 1,367.52 3.9336 SUSQUEHANNA BANCSHAF;ES INC 250.0000 3,669.00 8.656.25 300.60 3.4657 THE FINOVA GROUP INC 368.0000 4,495.60 23,644.00 88.32 0.3735 BEISTLE COMPANY 6.0000 289.95 954.00 10.6$ 1.1195 VIAD CORP 1,472.0000 8,358.04 24,104.00 471.04 1.9542 MET-PRO CORP 1,500.0000 15,929.11 20,250.00 1,980.00 9.7778 CARPENTER TECHNOLOG'~f 300.0000 12,218.45 10,987.50 396.00 3.6041 MOTOROLA INC 300.0000 16,359.85 18,375.00 144.()0 0.7837 INTEL CORP 200.0000 10,895.47 26,187.50 10.00 0.0382 LUCENT TECHNOLOGIES INC. 308.0000 5,309.19 14,245.00 0.00 0.0000 SAFEGUARD SCIENTIFICS INC 600.0000 18,700.47 1.9,050.00 900.00 4.7244 PHILIP MORRIS COMPANIES INC 4,750.0000 159,813.25 536,750.00 22.800.00 4.2478 NYNEX CORPORATION 176.0000 3,448.59 8,470.00 415.36 4.9039 AT & T 950.0000 13.645.57 41,206.26 1,254.00 3.0432 ORRSTOWN BANK STATEMENT OF ASSETS January 24, 1997 0119 PAGE 5 ESTIMATED INC YLD DESCRIPTION NET SHARES NET COST MARKET VALUE ANNUAL INC TO MKT STOCKS: U S WEST INC 176.0000 2,077.56 5,676.00 376.64 6.6357 AMERITECH 264.0000 4,334.43 16,005.00 596.64 3.7278 U S WEST MEDIA GROUP 176.OOD0 1,385.04 3,234.00 0.00 0.0000 AMP INC 200.0000 4,562.00 7,675.00 200.01) 2.6059 AMERICAN BRANDS 800.OOD0 17,416.00 39,700.00 1,600.01) 4.0302 COLLATE-PALMOLIVE 320.0000 6,235.90 29,520.00 150.40 0.5095 CPC INTERNATIONAL 768.0000 16,459.56 59,520.00 1,259.52 2.1161 DQE 525.0000 5,269.00 15,225.OD 714.00 4.6897 HERSHEY FOODS 4,200.0000 26,475.00 183,750.00 840.00 0.4571 INTERNATIONAL PAPER 200.0000 4,684.50 8,100.00 50.00 0.6173 PHILADELPHIA SUBURBAN 433.0000 2,707.70 8,605.88 350.73 4.0755 RITE AID 400.OD00 6,947.65 15,900.00 320.00 2.0126 WAL-MART STORES 600.OOD0 10,537.50 1:3,650.D0 126.00 0.9231 ** TOTAL STOCKS 162,555.0000 1,556,266.39 5,974,108.90 201,233.89 TIME & DEMAND ACCOUNTS: NAVIGATOR MONEY MARk:ET FUND 317,755.3100 317,755.31 317,755.31 16,732.99 5.2660 ** TOTAL TIME & DE=HAND ACCOUNTS 317,755.3100 317,755.31 317,755.31 16,732.99 '~* TOTAL INVESTMENTS 1,310,310.3100 2,650,288.53 7,138,124.01 274,119.38 INCOME CASH 0.00 PRINCIPAL CASH 0.00 INVESTMENT MKT VALUE 7,138,124.01 TOTAL INVESTMENTS & CASH 7,138,124.01 .~' JRZ April 17, 2008 A_MEND?~NT TO FUNDED ~tEVOCABLE TRUST P.CREEMENT MADE this (Q "-_ day of ~ 2 OD~, BETWEEN HELEN F. 'ROUSE, of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as "Settlor" AND ORRSTOWN BANK with principal office in the Borough of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as tQTLustee" NOW, THEREFORE, WITNESSETH that the parties hereto, inl=ending to be legally bound hereby, agree as follows: 1. Settlor has previously entered into a funded revocablE=_ trust agreement dated January 23, 1997. Settlor now wishes to make an amendment to said trust agreement. 2. Settlor hereby revokes paragraph 3 A of the funded revocable trust agreement dated January 23, 1997, and in lieu of the original paragraph 3 A as revoked, the following is substituted: "The sum of $100,000.00 cash to each of Settlor's grandchildren :Living at the time of Settlor's death." 3. I hereby add 'the following as paragraph 14 of the funded revocable trust agreement dated January 23, 1997: "Following the death of the Settlor at which time the trust shal:L become irrevocable, I give my attorney, Joel R. Zullinqer, or his partner, Hamilton C. Davis, or the successor to their firm, the right to remove my corporate trustee and appoint a new corporate trustee of ter consultation with my daughter, Jean C . Ritchie, and my son, James R. Crouse. However, my attorney shall have sole discretion as to the removal of my corporate trustee and the appointment of a new corporate trustee " 4. In all other respects, the aforementioned funded revocable trust agreement dated January 23, 1997, is hereby ratified and conf irmeci . WITNESS the due execution of this amendment the day, month and year aforesaid. Witness: _/ , r __;,, ~ i _ ~~ Helen F. Crouse,``~ettlor At st: ORRSTOWN BANK t ~ ~ Trustee STATE OF PENNSYLVANIA: l/,~~ COUNTY O£ ; ~~fZ~ -~ ! ~ ~ On this the ~ day of ~ 2~, before me a notary public, personally a re Helen F. Crouse, known to me or satisfactorily proven to be the erson whose name is suY~scribed to the within instrument and acknowledged that she executed the same for the purposes therein contained. In Witness Whereof, I hereunto set my hand and official seal. . '~~- Notary Publ' Notarial Sea! STATE OF PENNSYLVANIA: Carin L. Walter, Notary Public ~ Chambersburg Soro, Franklin County COUNTY OF ~ My Commission Expires May 't 3, 2009 ~ -~ -- "~~ On this the ~~ day of d 2l/~D,_ before me a notary public pei=sonally appeared ;~,~.~ ' _ ~r~o„xr-~ who acknowledged himself to be the ~'" / ~ of ORRST WN BANK, a corporation, and t _S~ie as such ~,~~,.~ ~c~ being authorized to do so, executed the foregoinc~f ' strument for the purposes therein contained by signing the~lame of ~ the corporation by 1~-self as such In Witness Whereof, I have hereunto set my hand and official seal. Notarial Seal '~ ~~ L~il/~/ ` ' - Carin L. VVaiter, Notary Public ~ -7`-- ~- Chambersburg Boro, Franklin County Notary ' ublic M,~ Commission Expires May ~3, 2009 JRZ n September 23, 2009 SECOND AMENDMENT TO FUNDED REVOCABLE TRUST AGREEMENT MADE this day of Q 2~, BETWEEN HELEN F, GROUSE, of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as "Settlor" AND ORRSTOWN BANK with principal office in the Borough of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as "Trustee" NOW, THEREFORE, WITNESSET~Y that the parties hereto, intending to be legally bound hereby, agree as follows: 1. Sett=lor has previously entered into a funded revocable trust agreement= dated January 23, 1997, and amendment thereto dated May 6, 2008. Settlor now wishes to make a second amendment to said trust agreement. 2. Settlor hereby revokes subparagraph (e) of paragraph 3 of the funded revocable trust agreement dated January 23, 1997, and in lieu of the original subparagraph (e) of paragraph 3 as revoked, the following is substituted: "Trustee will pay, in cash, in kind, or partly in each, in each taxable year of the Lead Trust, except as otherwise provided in subparagraph (f) a guaranteed annuity interest equal to five percent of the initial net fair market value of the assets ~r,;-iaiVit-vwt-inr'r the i_riict t'Q tho ("}~ar-i_t-~}~]_e ~_ _. _J Beneficiaries designated by the aforementioned Committee. Any income of the Lead Trust for a taxable year above the annuity amount shall be added to Principal . " 3. In all other respects, the aforementioned funded revocable trust agreement dated January 23, 1997, is hereby ratified and confirmed. JRZ May 5, 201.1 THIRD AMENDMENT TO FUNDED REVOCABLE TRiTST AGREEMENT MADE this ~~~day of `7~'YI 2 ©/t , BETWEEN HELEN F. GROUSE, of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as "Settl.or" AND ORRSTOWN BANK with principal office in the Borough of Shippensburg, Cumberland County, Pennsylvania, hereinafter referred to as "Trustee" NOW, THEREFORE, WITNESSETH that the parties hereto, intending to be legally bound hereby, agree as follows: Z. Sett:lor has previously entered into a funded revocable trust agreement: dated January 23, 1997, with amendments thereto dated May 6, 2008, and October 8, 2009. Settlor now wishes to make a third amendment: to said trust agreement. 2. Sett=lor hereby amends paragraphs 3 C 1 to read "Once-third thereof" instead of "One-half thereof." In all other respects, paragraph 3 C 1 is hereby ratified and affirmed. 3. Settler hereby revokes paragraph 3 C 2 and substitutes the following two paragraphs to the funded revocable trust agreement dated January 23, 1.997, as paragraphs 3 C 2 and 3: "One-third thereof to be distributed to my daughter, Jean Crouse Ritchie, provided, however, that if my said daughter, Jeari Crouse Ritchie, predeceases me or dies on or :before the thirtieth day following my death, her share shall be distributed to her issue, per stirpes, living on the. thirty-first day following my death, and in default of any such then-living issue, her share shall be distributed to my other then-living child." "One-third thereof to be distributed to my son, James R. Crouse, provided, however, that if my said son, James R. Crouse, predeceases me or dies on or before the thirtieth day following my death, his share shall be distributed to his issue, pear stirpes, living on the thirty-first day following my death, and in default of any such then- living issue, h.is share shall" be' distributed to my other then-living child." 4. In all other z:espects, the aforementioned funded revocable trust agreement dated January 23, 1997, with amendments dated May 6, 2008, and October 8, 2009, is hereby ratified and confirmed. WITNESS the du.e execution of this third amendment the day, month anc~ year aforesaid. Wit ss: _~~~~ ~ (S EAi, ) ~, Helen F. Crouse, ettlor ~, fit; I ORRSTOWN BANK /' By ,~ ~' - Trustee STATE OF PENNSYLVA~NIA• COUNTY OF ~,c'/,..~°~ On this the =~ day of 2~li/, before me a notary public, personally appeared Eiel F. Crouse, knovan to me or satisfactorily proven to be the person whose name is subscribed to the within instrument and acknowledged that she executed the same for the purpo:~es therein contained. In Witness Whereof, I hereunto set my,~zand and official eal. STATE OF PENNSYLVANIA: COUNTY OF ~IC~A~ ~: ~~ Notary Public ~%' co~~n~so~,~r~,>,rH of s:>sn~ra~YLVaKr~ fVotariai agent Carrn L. Waller, MotaiY F~bfc Chamtser~urg Boro; Frankliq Coup ---- ~`--~ mis~ler 1~~ hll~- 1~ ~ ~ ~ttS~ On this the _~ ~~' day of /n k- 2 0 // be ore me a notary public personally appeare r QrQ ,~ na S'~ who acknowledged himself to be the nr r [G /c~'~rt of RRSTOWN B~~TTK, a corporation, and that he a.s such ~n~ Or l~iC ~- `f'/'2~S ~ cue rz f' , being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name f the corporation by himself as such In Witness Whereof, I have hereunto set my hand and official seal. 9 .Q,C r c~ L~ . Notary ubli COMMONWEALTH pF PF.NNSYLYANIA NotaN~l Seal Robin Lynn 9umhisel, Notarl- Public - ~~ ~. Cumbettarb County -- - -'--._~ e...,,.,.c Mav q. 2012 J L I U l L V I I l W L U/ I V~ Y V • 1 I 1 1 Orrstawn @'inancLal Advisors Charlone L. Fouchtenborgar AssistanC Vico Prasident ! c^.id+:ciary O:iicer Date or Death: 08 /2G/2U11 Estato of: Beach Tre,.r. ZnvestmenC9~ LP / H.Crouoe b69 Valuation Date: Obl26/2011. ACCDUnt: OSOZ Procossing Date: 09!0212011 Repurc Type: Data of DeaL-h Number: of S ecurities: 114 eilo ID: SCECH TREE - 11 . cROUSr a05o2 Shares Security Menn and/or D1~ and Znc Security or Fae Dt:scrlption High/Rsl: Law/Sid Adjustments Accruals v31ue 1) lODO AT&T INC (0020681021 CcM New YorY. Stock Dxchan0o 08/26/2011 29.21000 2@.45000 H/L 28.830000 28,83p.00 21 20oD ABB01'T LRes (o0Z@241D0) COM New York ~COCk Exchange . 08/26/2011 50.27000 ,48.65000 H!L 49.450000 98,90D,00 31 50000 A.LLENrOWN PR FOR I; SUES DTD PR {DiP34 0GF0) Fiaanciat limos Interactive Data DTp: 03/15/2003 MaL': 10/01/2019 S.Sg D8/'2612011 1U6.7bGOD MkL 106.7GG000 53,383.D0 Int: 04/01/2D11 to 0£1/26/201'1 1,107.64 4) 1000 ALTERA CaRP (0214411001 COM Tho NASDAQ StOGk Market LLC 08/.26/2011 36.50000 39.63000 H/L 35,5650D0 35,565,00 Di•r: 0.0(1 k;x: 06/D8/2011 Rec: 08/10/c' O11 Pay: D9/O1/2011 80,00 5) 1D0 APP1'.C INC 1057@33100} CDM The NASDAQ 3tocL• MarL•Ia LLC 081::6/ 011 383.00000 370.00100 H/L 377,3005D0 37,730.05 6) 2700 AkCH.ER DANIELS MLDLAND CO (D39483102) COM New York Stock E::changU 08/2.6/2011 28.16000 27.00000 H/L 27,5800DD 79,466,04 Div: 0.16 Ex; OH/16/1011 KeC: OB/1@/2 011 Cay: 09/ 03/2D11 432,D0 7J 17D4 AkiROW ELECTRS INC (092735100} COM New 'cork 4tock Exchange 00/26/2011 31.03DD0 24.99000 Fl/L 30.D10000 51,077.00 SJ 700 EesT CORD (059937107) COM New Yark Stoc): Exchange 08/2G/ZOli 20,9@500 19.83040 H/L 20,407500 I4, 285.25 9) SOOOD $CAVER CNTy PA {074DS1MC7) Financial Tipfos Interactive Data DTD: 07/25/2005 M3L': 09/01!2012 3,25! 08/26/2011 lOD.18500 M1:C 100,185400 50,092.50 2nt: o3/O1/2013 to 08/2v/2011 7fi9,93 SU) 1900 eSD-[i[;FERCNCI: LA195 INC (D9057Gb02) COM 5.01 NEW Tho N7ISDAQ StOCk M5r1:~t LLC 08!26/'2011 19.11000 18.40040 H/h 18,760000 26,.',69.00 Pagel 1~ This roport wag produced wiL•h Estateval, a product o>: EsCate Valuations ~ Drl,cin~ System3, Zric. Zf you Yiuve queationy, p14u3e, contact EVP System3 at 1@18) 313-6300 or www,pVp$y3.eOm. (Revisl.on 7,2,0) Received Time Sep. 1. 4:51PM • Date o° DeaCh: 0@/26/2Q11 Valuation Date: 06/26/2011 Processing D£fte: 09/07/2011 EStaCU ot: i3aech Troe Investments LP / II,Crouse 86~ Accuunc: 0502 Report Types Date of Beath Number o. SeCUritses: 114 Filo ID: BEECH TREt:: - H, GROOSE k0502 5haxaa 3eCUriL'y Mean and/or Div and Int Socutity or 1'ar Do3crlptlon High/ASk Low/[31,d Adjustments RCCruals Value 11) 50000 BVAREL4 PA SCtI DIST 1122665CL9) Financial TiRSea Interactive Data DTD: 12lI5/2005 Mat: 07/15/2025 5fl 00!26!2011 105.53000 Mkt 1U5.5:S0000 SZ,765.00 Inl;: 07/15/2011 to 00/261203.1 2fl4,72 12) 100 CATEItPILLnR INC DEL I'1491231Q1} cDr, New York Stock Exchange 00/'26/2031 95,91000 @1,05000 11/L 03.480000 8,348.00 13) 50000 CNAMBERSBIlRG PA AREA SCk DIST (157892GQ0} Financial Timos IntOracCive DdCrJ DTD: Od/01/2005 Mac: 03/01/2029 S6 09!26/2011 103.99@00 Mkt 103.598DU0 53,759.00 Int. 0310x/2011 to O9!26lZO11 1,215,7.9 14) 50000 CHA)131:RSbUAG PA AREA SCH DIST (157@02Jz51 C•lnanCial Timex Interactive Data DTD:. 07/15/2007 Mat: 03/01/2029 5.258 OU/e!6/2011 ].05.56200 Mkt 105.552000 5Z, 701.00 Int: D3ra1/2all to o@/26/~ou 1,276.c4 15) ZQSQ CIIESAPEA.K1 ENERGY CDAP 1165167'107) COM New YorY. Stock Exchange 00!2012011 30.52000 26.69000 Il/L 29.:~9000D 60,639.00 161 95000 CHEST~R DPLAND SC1( DIST PA (166330CUZ) Flnai~cial Timoa Intecactive Data D2'D: 06/01/2Q05 Mat: USl15/2012 ab 00/26/2011 100.21500 Mkt !00.215x00 9s,o96.75 Int: 05115!2011 to 09/26/2011 505.00 17) 950 CHEVRON CORP N}rw !166764100) COM Now York StoCY. Exch3ng° 0@/2fi/2011 97,35000 93.3E.OD0 H/L :5.3:,5000 81,051.75 Div: 0,79 Ex: 0@/37/2011 Rec: 08/19/2411 Pay: 09/12/2011 663.00 19) 3050 COuNIZAN2' TECRNOLOGY SOLUTTONS 1192d461D2) CL A The NASDAQ °tock Mazkrt LLC 08!25/2011 ~ 51.39000 5@.11000 11/L S?.7300(10 6Z, 716,50 19) 600 COLGATE FALMOLIVC CO (199162103) COM New York Stock Exchange 09/26/'2011 0@.02000 85.09000 II/L 06.530000 69,224.00 20) 3400 CORN?NG INC (21?350305) COM Naw Yark Stock Exchange 08!26/2011 14,48000 13.62000 H/L 1Q.DSD000 a7,77a,oD 21- 100400 CORNHA.L-LEBANON PA 3CH DIST (219521QG9) Financial Tinies InteracCive DaCr] DTD; Obi/15/2005 Mdt: 02/15/2013 Sg 09!26/'1.011 10G.O110U Mkt 106.011000 106,011,00 Tnt; O~i/15/2011 to 08/26/2011 152.78 Pege 7hls report wda produced with EsLateVal, a product of c3raGa Valuations 6 Pricing Syetems, inc. 1r you Nava questions, please contact rVF Syatoms at 10181 313-11300 or www,evpay::.com. (Hevislon 7,2.0) Received time Sep. 7. 4:57PM Date of Dedth: 00!26!2011 V/,luation Date: OB/2fi/2011 Procevsing Ddto: 09/07/2011 Estdta o_: Eeech Tree Zhv~9tmPI1tL LP / H.Crouse 862 Account: 0502 Paport Type: Dace of Doath Number o>' Securltias: 114 File ID: 6EGCH rRCE - tf. CROUSB 110502 Shores Security N~rn and/or Div and rnt :%eouzity or ear D,,scripti0n High/IISk Low/bid AdjustmentR Accruals Value 22) 1300 DISrrEY WALT CO (254607206) COM DISNCY New York Stack Exchan~;o 08126/2011 32.fid000 31.36000 H/L 36.000000 aI,600.00 23) 1300 DII1ECTV 125490x101) COM CL a The NPw^DA4 Stock MarkCt LLC 08/26/2011 42.83250 40.7200(1 H/L 41,776250 5x,309.13 24) 2202.992 oODGE & COX N'DS (256206103) INTL STK N'b Mutual cued (as tjuated by NASDAQ) 08/26/2011 31.13000 Mkt 31.130000 68,579,19 25) 1500 DOMINION AES INC VA NEW (?.57460109) COM New York stock Exchange 00/26/2011 9B.F36000 47.56000 H(L 4N.Z10000 72,315.00 Div: 0,4925 Ex: 08/24/4'.011 Rec: 06/26(2011 Puy: 04/ZDl2011 738.7:5 26) 300 DOW r_1tFM CO (260543103'p CoM Now ~.(ork ~tocl: Exchanges 08/26/2011 27.03000 25.95000 H/L 26.7.40000 7,l1720U 271 400 DU FONT C I De NP~IUUR5 s CO (263534109) COM New }!ark Stock Exchange: 08/26/2011 46.41000 49.10000 Il/I. x5.295000 19,118.00 Div: C.ql ~'x: 00/1112011 lies: 08!15/%011 PBy: 09 /12/2011 169.00 281 2000 EMC CORD )4A~S (2696481021 COM NZw York Stock Exchange 08/26/2011 21.69000 20.62000 !{/L ZS.1S5000 42,310.00 29) 1200 EATOM1' CORe (27E05@1021 COM rlew York Stock Exchange 08/26/2011 40.43000 36.30000 N/L 39.365000 47,238,00 30) 1100 EMERSON CLEC CD (291011104) COM New :orl: Stock GXChange 08/26/2011 45.81000 43.37000 II/L 44.590000 49,049.00 Div: 0.345 Ex: 08/10/20:11 Rec: 0@/12/2011 Pay: 0 9/09/2011 378.50 31) 600 ENCAN.R CORD {2925051041 COM New York Stock Exchange 00!26/2011 29.59000 23.55000 H/L 24,070000 19,4gZ.00 321 600 e>G{ON MOCZL COIiP 130231G10Z) COM New York StocY. EXdwnge D8/26!20!! 73.00000 70.21000 N/L 71.605000 42,963.00 biv: 0.97 Ex: DB/10/2011 Re O: 08/12/2011 pay: 09 /09/2011 202.00 Page 3 This report was produced with ~sCdtoVal, a product Of $stat0 Valudtions 6 pricing Systems, Inc. If you nave queotions. ploate contact PVP Systems &t (616} 313-6300 or www,ovpsys.com. (Revision 7.2.0) Received Time Sep. 7. 4:51PM ' Dato of Death: Dy/20/2011 Estaty o_: beech Tree Tnvestmenta iP / II, Crouse 862 ValuaClon Da [e; 08/26/201.! Account: 0502 Croccosing DaCv: 09/0'7/2011 Ro ort T p ypv: Date OC Death Number of S ecurities: 114 File ID: BEECH TkfrE - H . CkOUSG N0502 Shares SecurjCy Mean and/or Div and Int Sacurity or Par Doscriptjon Iligh/Asl: Low/Bid ldjustmenCS Accruals valuo 331 5D000 FEDERAL E'ARM CEZ BkS (31331VX681 GoveYnment/Agency (Dealer Quotation) DTO: 08/18/2000 Mat: 02/18/2014 5.38 08/6/2011 111,y1250 111.05625 1!B 111.739375 55,967.19 Int: 06!18/2011 to DB/26/2011 SB.89 34) 1769.911 E'EDEnAT60 EQUITY FDu^ (319172677) KAUIZ•IANN CL A Mutual Evnd fas quoted by NA:,pAQ) 08/26/2011 4,70000 Mkt _ 4.7GOD00 (1,424.78 35} 7923,653 FIDELITY PA TAX Fk>rE PORTFOLIO (31634 42D9) PENIJ MUN INCM Mutual Fund lae tp:oted by NA.°.DAQI 00/'LG/2011 10.9iD00 Mkt 1D.910000 86,aa7.05 361 2000 FIk'?T NIAGARA FINE GP INC (33582V1D6) COM The NH:DAQ Stock Mbrlcet LLC OB/.:6/2011 10.21000 9,82000 H/L 10.015000 20,030.00 37) 30000 GARNET VALLEY FA SCH DS3T (3G6268MS5) Financial Tjmos IntezdCtive DaCa DTDa 04/15/2007 Mat: 09/01/2027 4.25' 06/1;6/2411 101.99000 Mkt 101.99000D 30,597,00 In L: 04/01/2011 to 08/26/2011 513.:ia 3y1 50000 GENERAL ELeC CAp COlte MTN BE (36g62GB86} Financial Timea Interactive Data DTD: 05/15/2003 Mat: 05/15/2015 4$ 08/26/2011. IOD.281J.5 AIt3 100.261250 50,1a0.G3 I:':t: 05/15/2011 to 00 /2G/2011 561.].1 39} 1400 GENERAL MI.S INC {37p339104) COM Ncw York SCOCF: Exchango 08/26/2011 36.6200D 35,0400D a/I. 36.330000 50.062.00 40) 200 GLOEiAL X FD"u {37950Lfi55) ANDEr7N 90 ETC NY9E area Equities Exchange 08/20/2011 13.75210 13.55000 H/L 13.651050 2,730.21 41) 100 GOGGLE INC (38259P5DB) CL P., The NASDAQ Stock Market LLC 08/26/2011 530.95400 513.14000 H/L 521.7970D0 52,179.70 92) 1900 nEALTHSPRING INC (9222ANI01) COM N~:w Yori: Stock Exch,3nGn De/26/2011 38.35000 35.s3ooD H/L 36,gao0DD 70,166.00 43} iD00 HONEYWELL. INTL YNC (a 38516106} COM New York SCocY. Exchdngo 08/26/2011 95,68000 43.55000 H/L 44,71s000 99,715.00 Div: 0.3325 Ex: 08/17/2011 Rec: 08/19/ 2011 pay; 09/09/2011 332.50 Pd C(C 4 Tnis report was produced with EataCeVal, a product of CstaCe Valuations 6 Pricing Systems, Inc, If you have queaCions, please conCBGt E'JP SygCems at (B1A1 313-0300 or www.evpgys.com. (Revision 7.2.D1 Received Time Sep. ;. 4:57PM pate of Doath: 09!26/20]1 valuation Date: OBi2G/2011 Pzocessing Datb: 09/07/2011 Estate o4: Beach Tree. Investments LC / H.CXaUBP,. 8b8 Account: 0502 Reporr. Ty'pc: Date of Death Numbor of SGauriCies: 114 clle ID: AEECtI 'TREE - H. CPOUS£ k6502 shares or par Beautify DesctipClon High/Ask Low/Bid Mean and/o~ AG~ustments Dlv and Znt Accruals 5ecur,ty Value 941 700 INTEL CORD (458190100) COIy ^_'hr~ NnSDAp Stock Mazi:et LLC OBJ26/201.1 19.57000 14.27000 fi/L 1y,520000 13,734.00 Div: 0.21 Ex: 08/03/2:011 R¢c: 09/0 7/2011 Pay: 09/01/2071 147 00 45) 100 INTERNATIONAL BUSZIdE5S 4IACIiS (4592 001011 CDM New Yerk ;cock EsCt:ange 08/'26/2011 169.33000 163.28000 1t/L 166.305000 16,630,50 Div: 0.75 Ex: 08!09!2011 Rocs OB/1 0/2011 Fay: 09/10/2011 75.00 4G) 1400 ISHARES SNC (4 G9^_t1G103) MSCI AUoTIU+Z.ZR NYSE Arca EcruiCies Exchange OS /.26/2011 23.57000 22.61000 nJt 23.oyD000 3z,3z6.ao 47) 3300 I5t1ARES INC {964286673} MSCS SINGAPORE NYSE Arw Equit103 Exchange DO/?.6/2011 12,54DD0 12.20000 H/L 12.370000 40,421.00 481 600 I3IIARJ;S TR (4G92A7234) MSC:. EMEAC+ MKT NYSEIArcu Equities Cxchange OAI26/2011 40.54000 39.7,30Dt) H1L 39_t195000 23,931,OU 491 300 IS HARES TR (4G42A79651 MSCI SAFE INDEX NYSE Arca Equities l;xChangU 08/26/2011 51.96000 50.16000 11/L 51.a1aooo 15,303.00 50) 300 ISHAHES TR (9642875981 IiUSSELL1000VAL NYSE Arca Equ.Lties Exchange 08/2Ei/2021 59,5ti000 57.32030 t1/L 59.940150 17,532,05 51) 200 ISHAFE9 TR (4692876191 RUS9twLL1000GAw NYSE Arca Equities Exchange 08/26/2011 55.05010 52.7501D H/L 53.900100 10,790,02 52} 100 ISIIARF:S TA f46921)7fi55) RU95ELL 2000 NYSE .Arca Equities Exchange 08/26120].1 69,32000 66.06000 H/L 67.690000 6,765.00 53) 400 JFMD1iGAN CP.ASE 6 GO (46625H100) COM Now York Stock Exchange 09/26!'2011 36,9A000 34.92000 H/L 35,650000 14,260.00 541 25000 3'EFN'ERSOti CNTY PA {473450EG5) Financial Times Interactive Data DTD: 11/lA/2010 Ma C: 06/01/2020 38 OB{2612011 100.'!9'300 Mkt ' 100.99000 7,25 25,18 In C: 06/D1/2011 to Ob/26i2011 1~7,OA Page 5 This report was pro3uCed with EstdL'aVal, a product oC 6sCate valuation°. b Pcicing Systems, Inc. If you hwe quosticna, please contact Evp Systems at IO1B1 313-6300 or www.evpsy8.com. IRevielon 7,2.01 Received jime SeP• ~• 4:57PM ~ Da to of Death: 08/26(2017 Estate oP: 13e0ch Treo Investmhnt:3 LP / R,Crouse 85>x Valuation Dnte; 00!26!2011 ACCOUnt: OSD2 PrroCOSRing Dace: 09!07/2011 Report Type: Dato of Death Numger o~ SeCUriCieR; liq file SD: B~ECq 'FREE; - H, CAOUSG MOSD2 Shares Security Mean and/4c Div and Int Security or Pz~r De::crlpt7,on Hlgh/Ask Low/Bid Adjustments Accruals Vaiue. 55) 1000 JDNN30N b JOHNSON (478160104} COM New Ycr)c Stock Exchange 08/26/2011 64.57000 62.50070 171E 63.535350 Div: 0.570000 >:x: 08!26/2011 Rec; 09/30 /2011 Pay: 49!13/2011 + 0,570000 64.105350 56)' 2000 KRAFT FOODS INC (5D07$N104) CL A New Yerk Stock Exchanqo OB/2G/2011 34.09000 32.90000 H/L 33.495000 57) 100000 lA1JCASTSA PA HIGHER ED RUSH CO i519328FL2) Financial T1me8 Interactive Data D'rD; 05!01/2000 MBt: 04115/7.014 5" 08126/2011 109.61100 Mkt 109.611000 1nC: 09/iS/2011 to 08/26/2011 ',8) 50000 IAWER SWATA1tA TWP FA (54B676CY5) Financial Times ZntardGtive Datd D?D: 12/07/2009 M:.9t: 12(01/2021 3.752 08/26/2011 104.19900 Mkt 10A.1944D0 Litt: 06/01/{011 [o G6/i6/2411 59l 300 MWI vETEFINARY SUPPLY INC i554D2Y.105) GaM T{te NASDAQ Stock M5rkrt LLC 08!26/201'! 74.55900 6y,A1000 R/]: 72,1A4500 60) 50000 MANHT:IM PR CENT SC11 DIST (553168JR5) Finbnelal Times Interactive Data pTD: 03/30/2010 MaC: 03/01/2024 54 08/2G/20I1 111,27y00 Mkt 711.279000 Int: D3/01!2013 to 08126/2011 61) 50000 MARIIJER3 $K EDCEWATEA NJ (560g66AX4) Financial Times Interactive Ddta DTD: 01/09/2000 Ms t: 01./09/2015 4.854 06/26/2011 10 y. 68750 A1B 109,68750(! In L': 06/03/2011 tc 08/26!2011 Note: Puc Option an DOD 62) 1300 MAAiCET VECTOR;, ETF TR (570600605} AGRIBU~ ETF NYSE.rtrca EgUitios ExchangC 08/26!2011 50.46000 98.33400 I]/L 49,397000 63) 2000 MIC)i0.i0FT CORD (5949181!14) COM The tJADAp Stock Mflri:et LLC 08/2Gi2017 25.54000 24,92000 N!L 2a,8BU000 Div: O,I6 Ex: 08/16/2011 P.oc: 08/16/2011 Pay: 09/00!2011 64) 800 MIODLGBY CORD 1596278101) COM The NASDAQ Stock Market LLC 08J26/2011 77,31060 72,22000 f1/L 79.765000 651 1000 MONRO r1U1rrLEA BCUtflB INC ( 610236101) COM The NASDAQ Stock Market LLC 64,10G_35 66,990.00 109,611.00 1,819.94 52,097,00 442.71 21,655.35 55,639.50 l,z7s.2,e 54,643.75 114.51 68,216.10 4y,760.00 320.00 59,812.00 00/26/2011 36,19000 35.76000 H/L 36.675000 3G, 675.00 Page G This report was produced ~+ith EaCzlteVal, a product o° Estate Valuatlona 6 Pricing SyaCvms, Inc. Ii you have queaticns, please Contact EVP Systems at IB1U) 313-6300 or www.evp,yE,coN. (Revision 7,2,0) Received Time Sep. 7. 4:~7PM ' DaCQ of OOatY;: 08/2E/2011 valuation Date; 00/26/2011 ProCO3aing bate: D9i07/2011 9ht:re8 Se cu city EAtatO or: OUech Trr~e InvCStmgnfs LP / H.CrOll9C 961 Account: DS02 F4eport Type: Date Of DCach NunsCex of Securities: 119 Fila ID: REICH TREE - u, GROUSE 8US02 Mean dnd/os Div ana lnt SecuriCy or Pas bescription Hiyh/Ask LoulBid Adjustments Accruals value G61 600 MOSnIC to NEw (619450103) COM Nora York 5tac1: Exchange 08,/26/~Oll 71.00404 65.71000 H/L 66.355000 41,013,00 G7} 2400 NA:3DA4 OMX GROUP INC (6311031081 CoM Tho NASDAQ Stock Msrh:OC LLC O9/2G/2011 ?.2.90000 2],'+1000 H!L 22.305000 53,5:12.00 6©) 50000 NEW :Oh1f N Y (6d966GR20) Cindncidl Times Interactive DatS DTD: 02/20/2008 Mat; 02/01/2015 3,Sg 00/26/2011 Int: 06/01/2011 to 08!26!2011 69} 75000 PEN149YLVANIA ST I7091413Q6! Cinanoidl T1meF• 2nteractive 9ata DTD: 12/15/20D5 Mz1t: D1/01/2622 52 0011".6/7.011 Int: 07/41/2011 to 08/26/2011 701 90000 E'6NN'SYLVANIA ST {70919PCZ31 Financial Times Interactive Datj DTD: 12/20/2007 Mat; 08/01/2020 58 08/25!2021 Int: 08/OI/2011 co 08/'6/ZD11 711 40000 PENNYLVANIA ST HIGHER ~DL FAC i70917N0Y0) Financial Times Interactive bdta DTD: 11/01/005 Mat: 11101/2016 59 09/2fi/2011 Int: 05!01./2011 to 00/26/2011 72) 50000 PENNSYLVANIA ^aT 1(I61lER EDL FAC {70917NQM91 Financial Timee Tnternctive Data DTD; io/C1f20D2 Mac: 06/151zai7 a~ 09/26/2011 Int: 06/15/2011 co 09/26!2011 731 100000 PENNSYLVANIA ST UNIV (709235NR2) Finam:ial Timos Interactive Data DTD. 09/O1J~004 Mdt: 09;0112034 53 08J26A2011 Int: 03/D1/2011 to OB/26!2011 7a) 1700 PEPSIC:O SNC (7134491091 COM New :crl: Stock Excltanga 109.11700 Mkt 109.117000 110.59300 Mi;t 110.593000 121.89600 Mkt 121.896000 i12.lzaoD M}:t 112.129000 101.96700 Mkt 101,967000 102.94300 M);t 102.943000 08/26/2011 E3.52000 62.00040 H/L 62.760000 75} 1750 POWEaSHARls QQa TRUST (73935A104} ONIT SCR 1 Tho NASDAQ Stock Markat LLC OB/26/2D1I 53.31000 51.15000 H/L 52.230000 76) 1500 POWERS)(ARES E:*C TRUST (73935X595) WATER FE~OURCE NYSE ArCe Equities Exchange 09/26/2011 16.50600 1S.75D00 H/L 15.128000 Sa, 55E3.50 121.53 92,94a,75 X72.92 4E1, 7-58,90 ]38.Og 44,899,60 636.99 50,983.50 391,49 102,993,00 b,430.56 106,692,00 91,402.50 24.192,D0 C'aye "~ Thla rppact was pretluced with Est:a[eVal, a protlucC oL EeCate Valuations C rrlcing SysComs, Inc. IT yCU hi1vQ s7ucations, please contact r•,VP $yatemc+ at (8181 313-6300 or www.8vpsys.com, (RevisLon 7.2,0) Received lime Sep. 7. 4:57PM DaCo of D(:eth: 08!26/2011 Es t3te of: Beech Tree Investments, LP / H,CroUse 8G~ vylua tion baCe: 08/26/<'O11 ACCOUnC: 0502 Prooe ssing Datc: 09/07/2011 Rdport Type: Date of Dedth Number o~ Se cucitivs: 11A el,le ID: BEECH TREE: - H, GROUSE 80502 Share:; Sacutity Mean and/or Div and Tnt Security or Par Dr.SCriptiOn HighlASk LUw/f31d 1dju;tm?nts Accruals value 77} 5D0 Pb,UDEN'rIAL rINL INc (7ag320102) CoM Nrw York Stock Ekcharige 06/26/2012 98.11000 45.65020 H:L 46,800100 23,9a0,D5 7B) 95D QUALCOMM SNC (797525103) COM Thr NASDAQ Stock Mntket LLC pf},126/2021 49.G1000 96.29000 H/L 47.950000 95,552.50 D~.zr: 0.215 Ex; 08/29/2011 Rec: 00/26/2011 P&y: 0 9!23/2011 L09_i;5 79} 3D0 ltAtBN INb; TNC (7542121081 COM The NASDAQ Stock MdrY:et LLC 09/26/2011 53.03000 50.91040 f{JL 51.750000 I5, 525.00 001• 6D0 AESEARCH TN MOTION LTD (7609751021 cax The NASDAQ Stock Market LLc D8f2G/2D11 29.49000 29.1500U NIL zB,62oo00 17,292.Oo 61) 1367.674 AOWE T TRICE CAF APPRECIAT ED (77954M145) SH BEN INT Mutual Fund lns quoted by NASDAQ) 0B/~6/2011 19.55000 Hkr, 19.550000 26,736.85 921 515,4fi4 liOwE PAICf•. NEw hoRI2oNS rD SNC (773562107) COM Mutual Fund tas quoted by NASDAQ! 08/2612D11 32,580D0 Mkt 32.580000 16,793.82 83y 2055.527 ROWE T PA=CE SHORT TERM DD F'D {77957PI05) COM Mutual Fund (&:~ quoted by NASDAQ) OB/2iil2011 4,95000 Mkt 9.050000 99,694.31 64 ) 500 SPDIi Ssi~ 500 ETr TR (79162E103) Tii UD(IT NYSE Arca Equltie:; E:cot.ange D8/26/20I1 118.51000 113.85000 H/L 116,180000 58,090.00 85) 150 SPDR GOLD (RUST (7fl963V107} GOLD SIIS NYSE Azcd Equities Exchange 09/26/2011 177.55000 171.75000 H!L 179.65000D 26,197.50 B6I 2000 SpbR SERZE:; TRUST i7846gA7dA) OILGPS EQUIF NYSE Area EgviCieg ExChangr, 08/2612011 33.59000 31,E6000 11/L 32,600000 G5, 200.00 87) 100 SPDR SERIES TRUST (784G9A7631 ubP DIVID ETF NYSE Atca Equities Exchango 09126(2021 S0.1G000 48.4D000 II/L a9,2t100D0 4,929.00 BBJ 2000 SPDR bow JDN1;5 INDL AVRG >rTF' (7fl9fi7X1091 US sEA 1 NYSE A: ca EqulCiea ExChangu 00/26/.2011 113.07000 1D9.09000 H/L 111.090000 222,160.00 Dl v: 0.91899 Er.: DE/]?/2012 a.oc: D8J23/2011 Pay; 09/12/2011 837.98 Page B This ruport w,~s prpduced With EstataVa.l, a prnducC oP Estato vylua tions 6 Pricing Systems, rnC. If yov I~;~vz questions, pleasU centaCt EVp 5y3tem5 at 1818) 313-6300 or wt+u.Bvpsy~, com. (Revision 7,2.D1 Received Time Sep, 1. 4:57PM Date of Death• 08/Z6/20I1 Estate of; BaeCh tree Lnvostments i~P / }{.Crouse 8b6 Valuation Dato: 08/26/201] Accpunt: 0502 Proceaeing Date: 09/07/2011 RUporC TypC: Daio of Death Number of securltles: 119 F'ilo ID; BEECH TREE - H. CROUSE (16502 Shar es Security Moan and/or Div and Int Security oz Paz Dos-rlption Hlgh/Ask Law/Sid Ad3usrmontB accruals Value 89) 200 ~PDR S6P MIDCAP 400 ETF TR (70467Y107) UTSERI 3&PDCRP NYyE Arr~ EGUltieg E:u:hange 00 /:?6/2D11 152.4400D 195.21000 H/L 149.775000 23,755.00 9p) 30000 SHIPPENSBORG PA ,?ILEA SCt1 DZST (82476DEX6) L~inanciel Timor Intezactive Data DTD: 04!01/2000 Mat: 11101/2D20 3.6k 08!2612011 102.67600 Mkt 1U2.6760DD 30,fl02.00 Int: OSJO112011 to 08/26/011 364.17 91) SD000 SHIPPENSaURG PA AlLE11 SC1t DIST (82476DGn2) einLncibl Till:a3 Interactive Da td OTD: 05/03/2011 Mat: 11/15/2018 3y 08/26/2011 103.45500 Mkt 1U3.95SOOD 51,727.50 Znt: 05/03/2011 tp OB/26/2D11 470.8;1 921 50D00 SHIPPENSatJRG PA AREA SC}1 DIST 1824760GF3) Financl,hl Times Interactive Dace DTD: 05!03/2017 Mat; 11/15/2022 9t 00/2fr/2011 104,49500 Mkt loa.495ooD 52,247.so Inr,: 05103/2011 to D9/~6/2011 627.'78 93) 1450 SOCIEDAD QVIMICA HINEILA DE CI{I (033635105) SPON ADR rER B New Yor1: Stock Exchange 06/26!2011 59.07UOD 57.20000 H/L 58.135000 64,295.75 94) 50000 3TATF. COLLEGE DORO PA (656o'97HW5) t:inanc:ial Tlmes InterBCtiv6 Data DTn: 11!10/2003 Mat: 11/15/2024 3.652 08126,/2011 102.33900 M1:C I02.339000 51,169.50 rnt: os/is/toll to oo/zs/aall si2.o1 95) 50000 STATi+ PUE3 8CH DLDG AUTH PA SC}{ (85732TCQD) Financlal Times Interactive Data DTD: 06/2D/2011 Mat: 09/15/20c0 3.5t 06/20'!'2011 lO1.S0300 Mkt 101.563000 50,791.50 IrIL': 0n./2B/2011 to 08/26/2011 201.94 961 50000 STROUnSDU)LG PH AREA SCH DIST (863475Q251 Financial Times Intoract.lve 08ta DTD: 03!29/2011 Ma [: 06/D1/2023 4.25 08/26/2011 106.13500 Mkt lOti,135000 53,067.50 In~: 03/25/2011 tc 08126(2011 067.71 47) 900 T~7X COS INC N$W (872540104) C0M Neu York Stock Exchange 09/26/7.011 54,95500 52.45000 H/L 53.702500 4i,962.D0 Div: 0.19 Er.: 00/09/1011 Rec: 08/11/201] Pay; 09/ 01/2911 152.00 98) 600 3M CO {86579Y102) COM New York Stock Exchange 00/26/2011 00.26000 76.50000 H/L 70.380000 9?,026.00 niv: 0.55 Ex: O6/17i2D11 Rttc: 06/29/'loll Pay: 09/ 12!2011 330.00 991 200 tiNITEDHEALTH GAOL7P INC (91329P102) COM Now Yprk SLOCY. Exchange 08/26!2011 46.08000 43.51000 H/L a9.745DOO 9,959.ao Page 9 Thls report Na3 produced wit!: EaCateval, a produCL' of ESL3L0 ValUntipn~ b PricJng systems, Znc. IL you have queRtions, please contdet EvP Sygtoms At (878) 313-6300 or xww.evpays.aom. (Revision 7.2.01 Received Time yep. 7. 4:57PM r Date of Death: 081'26/207.1 v9luation Date: 08126/2011 Proco3sing D&te: 0910'1/2011 Esta[8 of: Beech TYPQ ZrivesCtStenCS LP ! H.CroUSO 869 Account: 0502 heport Type: Data of Deatl': Numbor nP SecuriClas: 114 Flle 7D: I3EEC31 TREE - H. CRDUSE N0502 Shares Security Mean and/or Div dnd Int Security oz P8r Doscription High/ABk LowlBid Adjustments AccruAls value 1D0) 1100 VALE S 1 (91912E1051 ADR Neu Yerk Stock t:xehange 0@/26/;,011 27.00000 25.65000 H/L 26.325000 26,957,50 Div: 0.5736 Ex: 08/1:>,12011 Re C: OB/1fiJ2D1I Pay; 09/02;2011 630.yG 101} J500 vAL.FRO ENERGY CoRP N6W {91913Y100) COM New York Stock E:xchango 08!2£/2011 20.99010 19.82000 n/L 2D.4D5050 ?1,91'),6@ Div; 0.05 i:x; 08/15/2011 Roc: 08/17/2011 edy: 09 /ldl2011 175.00 102} 260x.791 VANGUARD/WELLINGTON eD INC (921935201) ADMIRSL SNARES Mutual Eund (ds quoted by NASDAQ) O8/'7.G/~OlI 51.B30D0 M1: L' 51,@30000 1.34,7y0,48 103) 45°9.!716 VANGUARD FIXED INCOME 36CS FD 1922D31B36} 3TRM ZNVGIUI AD Hutual Futld (as quoted by NASDAQ) 08li612U11 10,72000 Mkt 10.720000 x9,310.03 1041 3999.162 VANGUARD 130RIZON N'D INC (9.22039203) r,LDIIRL EQT [?TF Mutual Fund (as quoGUd by N.~,SDAQ3 0@/26/201.1 16.30000 Mkt 16.300000 65,186.34 105) 2329.916 VA3ar,0ARD PA TAX F1tEE FD (92204L302) LONG TAkEY ADN Mutual Fund (as quoted by NA:7DAQ) 08/26/2011 11.16000 Mkt 11.180000 2G, 048.46 lOb} 100 VANGLtAtiD INDEX FDS (922 90 8 611! SM CF VAL ETE NYSE AYCa EquiiS~C3 EkChatlge 08/26/2011 59,35000 56.85000 H/L 56.1OD000 5,B10.00 107) @00 vEhIFONE SYS INC (92342:109) COM New Yozk Stock kxchange D8/26,/2011 33.41DOD 30.94000 H/L 32.175000 25,740.00 108} 700 VEliI7,ON COMMUNICATIONS :CNC (92343V104) COM Naw York Stock Exchange OB/26i2011 3b. 03500 35.I1D00 H/L 3~.57250D 2x,900.75 109) 500 VISA INC (9Z82GC839) COM CL A Naw YorY. Stock Exchange 08!2£!2011 85.55000 02.57040 NiL 84.310200 92,155.10 Div; 0.15 fir.: 00/17/2011 Rec: 06/19/2011 Pay: 09/07/2011 ?5.00 110- 1400 vODAF0IVE GROUP PLC NEW (92857p1Z09) BPONS ;CDR NGW Nuw York Stock Exchange 08/2G/2011 26.73000 25.90000 H/L Z£.375000 36,841.00 Page 10 Tltis report was produced with Estat©Val, a product oL Estnte Vztluations & Pricing systems, Inc. If you have questions, p1es::e contact CvP Systoms at (818) 313-63DD er wt.w.evpsys.com, (Rdvision 7.2.01 Received Time Sep. 7. 4:57PM JLI V 1 4 V 1 1\ K'~-V ~ , v ~~ Date of peach: 08/26/2011 valuation Date: 08!26/2011 FrocesSing Date: 09/07/2011 G~tate af: I)oech Tree Inve:;tmenL•s LF / H,Ctouee B52 Account: 0502 Report Type: Date of Do~th Number of Securities: 119 F11e 10: EEECH TkEE - H. GROUSE H0502 i Sharos Security Mean antl/or D1v and Inc ,recur Cy or Far DeECriptlon High/A°k Low/Did AdjustmenCs Accruals Valua 111) 1000 XCEL isNEItGY INC 19B3B9E100- CAM New York Stock Exchango 08/26/2011 24.09000 23.47000 H/L 27.780000 112) 900 XILZNX INC (9El3919101) COM The NFSDAQ Stock Mark9t LLC 08/261201! 30,25000 29.0200D tt/L 29.ti35000 Dia: 0.19 Ex: OB/08/2011 Rec: 08/10/201] Pay; 08!31/2031 1171 200 YUM ORANDS INc {988a48101J cote Now York Stock Gxchango OB/2G/2011 53.03000 5U.S0000 t:/L 51.965000 114) 1200 NOBLE COAPDRRI'ION BAAR Iri5833N103) NAMCN -AKT New Yaxk StocY. t:xthange 08/26/2011 32.12000 29.45000 H/L 31.035D00 Total Valvo: --`"-~""~ ~ Total Accru~•Y:~'°~~~M z ToL~l: 55,351,771.2) ~„~':,F `~-..........__....,.~-....,...,..°.~. ~~.Y ..~ tYOlio L•ndnoLaa * Orrstowp Bank Dally Deposit ND4344D99T 3130,812,13 ~,n6crued tntore~st .,13,31 Assistant Vice Prea 9/~/<< / Fiduciary OfFicer 23,780.00 26,671,50 ]71.00 ]0,393,D0 37,292.00 :i5,327,4is.fi7 ;,Z3,8a5,a6 Fage 11 This report vzv3 produced with EctateVal, a product of EsCate valuations s Pricing Systems, Inc. Ii you tlzcve quastions, ploase contact EvP Systems at (8I8) 313-6300 or www,pvpsy~,com, !Revision 7.2.01 Received lime Sep, 7. 4:57PM \LJs ~CC'.Il'11 ~Ir°~®~° ~~~®CCII~I,~(~~ April 30, 2012 Ms. Jean Crouse Ritchie Mr. Jame; R. Crouse Co-Executors of the Estate of Helen F..Crouse, Deceased C/o Joel Zullinger, Esquire 14 North Main Street Chambersburg, PA 17201 Dear Ms. Ritchie and Mr. Crouse: You have asked us to prepare a valuation (the "Valuation") of the fair market -value of a limited partnership interest (the "Interest.") in Beec:~ Tree Investments LP, a limited partnership that owns. primarily marketable securities (the "Partnership"). This valuation is a,s of August 26, 2011, the date of Mrs. Grouse's death (suc:~ date being herein referred to as the "Valuation Date"). It is valid for the Valuation Date only and for the sole purpose of supporting estate tax returns filed by the executors of the Estate. This report is not to be used for any purpose other than that stated. Limiting Conditions In preparing tl7e Valuation, we have relied on (i) financial information provided by management of the Partnership for the years ended December 31, 2006 through 2010; (.ii) various financial information prepared by Orrstown Financial Advisors as of August 26, 2011; and (iii) a copy of the Limited Partnership Agreement of Beech Tree Investments, Limited Partnership (i~he "Partnership Agreement"). We accept no responsibility for the accuracy or the completeness of the information provided to us. Standard of Practice Glen Arbor Associates ("GAA") is a business valuation firm regularly engaged in the valuation of closely-held businesses and significant interests therein. This report was prepared b_y Richard S. Grayev, F?resident. The credentials of the undersigned are attached as Appendix I. Neither GAA nor any of its officers or employees has any interest in the Partnership, and all of such persons are independent with respect to the valuation discussed 430 Glen Arbor Court • King of Prussia, PA 19406 Phone: 610-265-2044 • Fax: 610-265-2043 Ms . Jean ~~rouse Ritc:hie Mr. James R. Crouse Co-Executors of the Estate of Helen F. Crouse, Deceased April 30, 2012 Page 2 herein. GAA's compensation for services rendered is not contingent on any action or event resulting from our opinion. The Valuation rigs been prepared (i) pursuant to the standard of value :prescribed by Revenue Ruling 59-60 of_ the Internal Revenue Service and (ii) in conformance with the ethics and standards of the American Society of Appraisers and the Un~_form Standards of Profes:~ional Appraisal Practice of the Apprai~~al Foundation. Definition of Fair Market Value Fair market va]_ue is the price at which the Interest would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, and both parties are ablE:, as well as willing, to trade and are well informed about the Partnership and the market for the Interest. The Partnershi The Partnership was formed on March 2, 2005 and exists pursuant to the terms of the Partnership Agreement by and among American :Beech Inve:~tments, LLC, as general partner (the "General Partner"), and Helerl F. Crouse, Jean C. Ritchie, Philip M. Ritchie, 'l'ace Crouse and James R. Crouse, as limited partners (the "Limited Partners") As of the Valuation. Date, the General Partner owned a to interest in each material item of income, gain, loss, deduction or credit of the Partnership and the Limited Partners owned a 99o interest in each material item of income, gain, loss, deduction or credit. The ownership of the Partnership as of the Valuation Date was as follows: Percentage Ownersh:i General Partner American Beech Investments, LLC 1.00000 Limited Partners Helen F. Crouse 85.90080 Jean C. and Phili~> M. Ritchie 6.54960 James R. and Tace Crouse 6.54960_ 100.00000 Ms. Jean Crouse Ritchie Mr. James R. Crouse Co-Executors of the Estate of Helen F. Crouse, Deceased April 30, 2012 Page 3 The i~erm of the Partnership commenced on March 2, 2005 and shall conl=inue indefinitely until dissolution and termination pursuant to the Pennsylvania Revised Uniform Limited Partnership Act or by any provisions of the Agreement. Limited Partners have no right to take part in the management or control of the Partnersh:ip or its business and affairs or to act for or bind the Partnersh:ip in any u~ay. All decisions with respect to the management of the Pa.rtnership's business are t.o be made by the General P<~rtner. DLlring any period when there is more than! one general partner, they General Partners must act unanimously, and no general partner has the authority to manage or control t:he Partnership alone. No Limited Partner may assign an Interest: in the Partnership other than as permitted by the Partnership Agreement. A Limited Partner m,ay transfer. all or a portion of his/her Interest i_n a Permitted Transfer provided that the Interest holder obtains written consent of the General Partner. This cansent may be withheld for any reason or for no reason at all. The Partnership's A:~sets As of the Valuation Date, the Partnership's primary a:~set consisted of investments in marketable securities. Financial Review Exhibit 1 sets forth the balance sheet far the Partnership for the fiscal year: ended December 31, 2006 through December 31, 2010 and as of Augu:~t 26, 2011. Inasmuch as the Partnersh=ip's purpose is to acquire, manage, and sell various investments, there are no operat:Lng statements. Valuation Analysis As discussed previously, the Partnership's current assets consist exclusively of cash and investments in marketable securities. Consequently, the principal methodology that we employed to value the Interest was an asset approach. To apply the net asset value ("NAV") method, the fair market value of the Partners' capital was estimated by restating the Partnership's balance sheet as of the Valuation Date to current Ms. Jean Crouse Ritchie Mr. James R. Crouse Co-Executors of the Estate of Helen F. Crouse, Deceased April 30, 2012 Page 4 market value. The indicated fair market value for a 1000 interest in the Part=ners' capital of the Partnership was ok~tained by deducting the fair market value of the Partnership's liabilities from the fair market value of its assets. See Exhibit 2. The :marketable securities were valued at $5,351,771. This amount represents the value of the investment account as o_E the Valuation Date as rE~ported by Orrstown Financial Advisors. Liabilities of $0 were included in this valuation at i~heir book value as of August 26, 2011. The NAV is calculated on Exhibit 2. Based on this met=hod, the fair :market value of a 1000 interest in the Partners' capital of the Partnership on a control marketable basis as of August 26, 2011 was $5,482,597, or $54,826 per to interest. See Exhibit 4. Minority Interest Discount Since the purpose of this valuation is to provide an opinion of the fair market value of a non-controlling limited partnership interest in the Partnership, the concluded value from the NAV method, which is a c:ontrolling interest value, has been adjusted to reflect the inability of a Limited Partner to control the disposition of the assets ("minority interest discount"). In order to quantify the magnitude of the appropriate minority interest discount, we performed an analysis of the relationship between stock prices and net asset value per share for publicly traded, general equity, closed-erid investment funds as of the Valuation Date. Unlike mutual funds which increase the number of shares outstanding as new investment dollars are added, closed-end funds are publicly traded and have a fixed number of shares outstanding. As a result, the pricing of the shares is not equal to the underlying net asset value, as is the case with mutual funds. General equity funds were selected because the Partner°ship's marketable securitiE~s are primarily investments in public equities. Exhibit 3 contains net asset value per share, market pricing, and the premium/(discount) from net asset value for fifteen general equity funds as of the Valuation Date. We calculated a median discount from net asset value for the group Ms. Jean Carouse Ritchie Mr. James R. Crouse Co-Executors of the April 30, 2012 Page 5 Estate of Helen F Crouse, Deceased of 8.40. In our judgment, 8.4o is an appropriate discount by which to adjust the control marketable per interest value to arrive at a minority marketable per interest value. Applying this discount, results in a calculated value per to interest on a minority, marketable basis of $50,221. See Exhibit 4. Impact of Illiquidity Our .indicated Partners' capital value of $50,221 per l.o interest, represents a minority marketable value and needs to be adjusted :Eor_ the lack of a market for the Interest . In a:~sessing the appropriate discount to reflect such lack of marketability, therefore, we look to the studies of discounts from freely traded ti•alues paid for restricted shares of pu~>lic companies. The analogy should yield a discount that should be no lower -than the median discounts recorded since liquidity in those cases is assured within two years; liquidity for the Interest ~~annot be assured in that time frame, because we are advised bay the Partnership's management that there is no current intention of liquidating the Partnership in the near future. All of the summaries of the studies cited in footnote 1 enable on~~ to draw conclusions as to size and trading market of the companies in which restricted stock was sold, and the pre-IPO study differentiated between sales (in which money changed hands) and options (where no cash was involved). Making the intu~Ltive assumption that restricted stock of the smaller, earlier st=age and more thinly traded companies would require the largest discounts, the published summaries of such studies yield the following analysis: 1Three such studies, chosen for this report because of the availability of detail in their presentat=ion, are Institutional _=nvestor Study Report of the Securities and Exchange Commi;~sion, H.R. Doc. No. 64, Part 5, 92d Cong. 1st Sess. (1971}, Pp. 2444-2456; Moroney, "Mast Courts Overvalue Closely Held Stocks", Taxes (March 1973}, pp. 154 - 5,: Emory, "The Value of Marketability as I1=lustrated in Initial Public Offerings of Common Stock", Business Valuation News and Business Valuation Review, September 1985, December 1986, June 1989, December 1990, December 1992, March, 1994, and December 1995, and September 1997. Ms . Jean Carouse Ritchie Mr. James R. Crouse Co-Executors of the Estate of Helen F. Crouse, Deceased April 30, 2012 Page 6 SEC Institutional Investor Study (1971) Weighted Average Discount at iJpper Type of Company End o_f Range OTC (Non--reporting) 550 (38 of 112) $100,000 or less revenues 58a (18 of 66) Moroney Study (March 1973) ,,., r..~. , ~., ~z Bayrock Growth Fund Diebold Venture Capital Fund Enterprise Fund New America Fund ValueLine Development Capital ValueLine Special Situation Fund Average Discount at Upper End of the Range 66% (1 of 4 ) 37 ~ (2 of 6) 750 (3 of 10) 54 0 ( 8 of 32 ) 55% (9 of 35) 51% (10 of 38) Robert Baird & Co. Studies (December 1992 - December 1995) Type of Transaction Average Discount from IPO Price Sale prior to IPO 460 (43 sales) The foregoing studies are by no means the only ones dealing with this subject3. However, the results cited above are believed to be representative. Based on the studies cited, the benchmark discount for lack of marketability from the free:Ly- traded value of the stock of: `The names of the selected Funds indicate that they invest in the shares of smaller, early-stage companies rather than established market performers. 3See Pratt, Reilly & Schweihs, Valuing a Business, 3d ed. (pp. 335 - 348) . Ms. Jean Crouse Ritchie Mr. James R. Crouse Co-Executors of the Estate of Helen F. Crouse, Deceased April 30, 2012 Page 7 (i} a growing company with proven management, (ii) that is weaker and less well known than larger public companies, (iii) does not pay a dividend and where small blocks of shares have no control, and (iv) wil]_ have to be held for 2 - 3 years before full marketability, would seem to be bet=ween 37o and 750, with a median of 550 of the average discounts c:-ted above. Contrasted to t=hese stocks, a holder of an Interest h<~s no reasonable expectation that the Interest will become publicly traded or redeemed; accordingly, the Interest can be converted into cash only upon liquidation of the Partnership. However, we have been advised that there is no intention of liquidating the Partnership. Therefore, we are of the opinion that a 250 discount to the indicated Partners' capital minority marketable value of $50,221 pe.r interest is appropriate. Application of that discount yields an indicated value per interest of $37,666. The calculations arE=_ set forth in Exhibit 4. inion of Value Based on the foregoing, it is our opinion that the fair market value of the Interest as of August 26, 2011 was $37,666 per Interest. Sincerely, GLEN ARBOR ASSOCIATES ~` By: Richard S. Grayev President APPENDIX I RICHARD S. GRAYEV Professional Experience 2007 - Present President, Glen Arbor Associates King of Prussia, PA Provide valuations of business entities and blocks of corporate securities in connection with acquisitions, estate planning and litigation. 1998 - 2007 Vice President, Compass Capital Partners, Ltd. Radnor, PA Provide services to middle market companies, specializing in valuations of business entities and blocks of corporate securities in connection with acquisitions, estate planning and litigation. 1994 - 1998 Director, Valuation Services, Curtis Financial Group, Inc. Philadelphia, PA Respons:_ble for forming and directing valuation services division of start-up investment banking firm addressing the needs of middle market companies,. 1990 - 1994 Senior Manager, Arthur Andersen & Co. Philadelphia, PA Responsible for leading the Valuation Services Group in the Philadelphia office performing business and intangible asset valuations. 1978 - 1990 Senior Manager, Coopers & Lybrand Philadelphia, PA Performed financial and industry analyses of small. and medium ,sized closely-held companies and intangible' assets to incr.=_ase shareholder value concentrating in manufacturing, distribution, consumer products, chemical, financial services and healthcare. Professional Affiliations and Activities Pennsylvania Institute of Certified Public Accountants Speaker at professional seminars on valuation .issues and estate plar.~ning for business owners. Education BS Electrical Engineering, Rutgers University, 1967 MBA, Drexel University, 1978 Certified Public Accountant, 1980 o ~^ a ° 0 o ~ ~ ~ ~ • o ~ dP d .a N i ~ p O h N N ~ ~ ,7 J a [S Q N ~ N ~o ~ m M S N O N ~y' 'n c~iT ~O ~ ~ ~ ~ ~ N ~. d° O p O ~ ~ ' ~ ~ ~ p N 17 dP ~ O S p~ ~ ~ a O~ ~ C 'n ~ ~ ~ q p N ~ ~ _ ~ ~ 'P .-~ ~ N ~ ~ ~ r ri M ~ ~ ~ O N a O O p ~ ~ ~ ~ ~ ~ '~ N ~ ~ .~ dP O p W N ~ ~ ~ N ~ O r ~ to ~ p p r+ ~ p ` N ~ ~ ~ cr 4 (n J m N O ~ b, ~ a ~ ar ~ ~ p N ci if1 N c `~ O p ~ ~ ~ p 6 ~ O ~ ~ . ~ i~'t dP (`~ p ~ M ~ Si ~ O~ ~ ~ ~ ~ N O ~ ~ Q: N m ~ ng N N .!1 U ~ ~p ~ ~ N ~ N y W '~ ~ W d ~' ur O o ~ ~ ~ ~ N N `° ~ U ~ o ~ G ~ ~ y do o ~ p ~ p ~ o 0 ' ~ > A N ~ ~ ~ ~, ° m o ° ~ ~ N W ~ p a' ° ~- ~ o p N u ~ ~ ~, r! °, .~ N U p ~ r N ~ 4 ~ O ~ .rl ~ ~ p r ,a' ~ T ¢ W ~ N 'O 1 6 dP °v p ~ d° ~ O N ~ ~, o ~ O O y O ~ ~ O~ . a ~ ~ O N ~ O N (•1 ~ O N o ~ ~O ~ N ~ 1 c`s .,p ~ ~ M O N N ~ ~ c'1 ~ M _ a~ p ~ N ~ E 6, N U G N ,~ ~ 4 ~ Q+ N '6 O ~ G ~ ~ N 16 N H ~ "~ d w N ~ ~ w O SA O W C ~ G "~ a m ,xi 7 N N ~ N N Q7 U ~ 1 N U1 ~ .rl .r1 ~ N ~ ~ U W ¢ U '~ a ¢ }a y, ~ UI U ~ ~ a N .-+ P+ ~ ~ ~ N ,' S` ~ ~ Y ~ o a N NN O ~ H U a ~ ~ N ~ N d ~ ~+ r K I ~i ~ i '~ ~ ~ u H U N N r-- N _. ~ ~ r-- ~ ~ N ~ ~c'~ a? o~ ca ~ K ~ ~ ~ cn ~'~, ~ ~ ~ ~ ~^ ~ _r-t ~ ~ ~ Cu 0 CV N -t-7 cry b~ .-- ~ c-{ N d, ~ N FC ~ o ~ t~ ~ ~ 0 m N ~ ~ ~ 0 C" N ~n I ~ qJ O ~ .~ O N ~ ~ N ~ ~ ~ ~ ~ p N ~ ~9 cn ~ ~ tSl ~ O ~ ~ N N "~ U2 ~ N ~ O ~ ~ -rS ~ ~ o ~ .~ +~ ~ ~ ~ ~ •~ o U w ~ ~ ~ _~ ~ .~ cn ~ ~-' N _~ U ~ ~ ~ ~ ~ ~ rt ~ ~ ~ ~ ~ o ~ ~ ~ N ~ ~ -r1 ~ .a ~ Cd ~ ~ ~ ~ ~ ~ ~ ~ .~ 3 O ~ ~ 4-1 -rl ~ `~ O . rl ~ ~ ~ ~ N ow ~~ ow ew a~ ow ow ow w ow w ~o w aw as Q~ [~ [~ d' ~ d' [~ N N l0 N ~ O Ol O ~ \ !-I (" ('n ~O O M f m w O N l0 [~ (~"1 0~ N d' m ~ rl 1 rl H I I I 1 rl I I rl I 1 .-i I ~r{ O f I 1 I 1 I ~ U N U1 N -rl a q N M O C~ 41 ~y m m U l0 ~ [~ u'' l~ [~ Vl M O [~ 1~ H rl O M -~ N I~ O M O C`'7 r-I W N M M [~ N W CD (1 1}I 6l W 61 G N CM ~ d' f"1 ,-f) ~I' rl M [~ N ~ (~ rl .-i H N H rl d' H rl ~ ~ N ro x -~ u ,o v ~ ~l [~ l0 rl rl W O cl' H ~ H l0 l0 N N ~ l~ m ri tTi rl lD ~ O] H ~ l~ to Ol m 61 ~ m o rn o r-, m~~ c r ~o a~ m ~o m ~r ~ N H N H ri H N H H a~ rl c-I ~ ~ h ~ ~i r-I a ro ~ a ~ ~ ° ' G .~ , ~ w w w ~C w w w w w w w w w w k b rn m cn W W cn cn ~ W m~ m m cn U 2 Z 2 a~ 2 Z Z r~ O W W z 2 Z 2 Z Z 2 ~ ~ N b •~1 D d A ~ m -rI H O m U W N FI 'O N N b ,C b U H m H N ,~ (TJ ,?I q H .aG O k 'J E H W F~ CO q r•C E f1; W~ q D q Cil O~ Q Q ' ~ H [n S O , U U ` , U Ei FC Cq fA V Ga W C7 C7 L7 x'a CL' ~ Cv ""i ~ • .r{ jy E W a U C H C-, N ~ H W O . i-I w ~ o ~ N yJ }-I t~ -ri U ~ N ~ ~ ~ H N ~ S-I 1~ N ~ rn N C4 •O S-I -rl O tr~ s-I v O -rl H o N ~ y ~ D ~ c7 ~ .~ N ~ ~ ~ q ~ N - ~ ro -rl .C l=~, W O O U ?, .~ ,--I w .~ U s..i -tl U +-~ C +~ P. ' r~ . ti U r.~ O -O N C ~ b -rl U H N b D m b aJ P 'O b' H U N '~ a~ --I m o +~ w~~ FC w :~ -o 0 0 ~ Q a~ v m m H m U o ~ H x ~ ~' i a -o E + u U z7 u ~~ p G m ro m~~ a .~ +} -~I ro -~~ m -d a~ a, U H ~ sa .-~ o ro ~, ~ 5 N ~, >a FC v +~ -.~ rn E ro o a~ o m -~I ~ --~ N I -~I -.~ za x l +~ w s~ ` u N q W c i a~ x 5 ~ rv U rl v -.-I N -IJ s-I a~ ~ ro •ri b' o rl ~ LL c0 C cn DC U U C N U -ri +~ .-i W O O r! W ~ -rf -~-i r1 rp ?, ~ H .r~ .-1 sa u a. rl rl ro x +~ v m o rt vl x x S-I G (~ .-I rl S-I S1 N U U 3 ~ U U ~-~ N O N tti N C ~ U S-I ~ I rtl N rt1 C .C +~ A A G A A >r ~ G -rl FC at w c;• v w t~ c7 c~ +~ a a rn ~ E o\° ~ o\~ ~ ~ ~ ~ °' N N ~ ~.,, N N ~ - O M a' ~ ct~- N ~ co ~ tlr . ~, c4 .d ~ ~ cn N cC4 ~l ~ ~ N .~ r-~ CJ ~~rl N ~ ~ sb N w ~ ~~ ~ ~ ~ ~ a ~ a ~ ~ ~ ~ ~ v ~ ~~ ~ ~ ~ ~ N ~ .~, .~, .~ ~ ~ ~ N O O ~ ~ ~ ~ A H ~ + m ~ ~ ~ W a ~ ~ ~ ~ ~ ~ ~ ~ ~ a~ ~ ~ ~ ~ ~ - ~ U ~ N m ~ pq ~~ o~~ o~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~ ~ ~- L} ~ (ll ~ tll .rl `J N ~ ' W ~ N ~ ~ ~ P ~ td tS) -l~ N ~ -rl ~ cd cd tll a\o ~ ~ Ul ~ ~ ~ ~ ~ N ~d ~ ~ a H ~ ~`' a, ~ v N ~ ~ ~ .r1 -r1 ~~ ~ x W w ~ N ~ ~ 1065 U.S. Return of Partnership Income Fwm For calendar year 2007, or tax year beginning ,and ending Department of the Treasury Internal Revenue Service A Principal business activity Name of partnership Use the Investments 'RS eech Tree Investments, LP label. B Principal product or service Other- Number, street, and room w suite no. ff a P.O. box, see the instructions- wise' 120 East King Street print OMB No. 1545-0099 2007 D Employer identification number 20-2420101 E Date business started 03/11/2005 Investments or City or town, state, and ZIP code F Total assets type. C Business code number 525990 Shi ensbur PA 17257 ~ 4,510,170. G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4} Address change (5) Amended return H Check accounting method: (1) ~ Cash (2) 0 Accrual (3) 0 Other (specify} - I Number of Schedules K- I. Attach one for each person who was a partner at any time during the tax year - 6 J Check if Schedule M-3 attached _._..._.....-.. Caution: Include only trade or business income and expenses on lines is through 22 below. See the instructions for more information. 1 aGrossreceiptsorsales _-.-..._..._.__.._-_,.__......_-, is b Less returns and allowances 1b _ is 2 Costafgoodssold (Schedule A, line 8) _-_-_ .. ........................_. 2 ~ 3 Gross profit SubUact line 2 from line 1c _......-. ___-._.... 3 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach schedule} _______________________-__-.--..-___.-___ __ 4 5 Net farm profit {loss) (attach Schedule F (Form 1040)) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach schedule) _.._......_._ ................................._......_..........._---.---._..... _._.. --. 7 8 Total income (loss). Combine lines 3 through 7 .............. 8 ..., 9 Salaries and wages (other than to partners) (less employment credits) 9 N 0 10 Guaranteed payments to partners __._ ............._.....-..-...__. -. ___-_......_-._. 10 a 11 Re airs and maintenance P __......__.......__... __ _.....-...... 11 E 12 Bad debts 12 $ 13 Rent _...._._.-..__ _ __..._.._...._.... _....._._...._......._.. ....._ .._..._ __.._......._..._._...... __... 13 N 14 Taxes and licenses 14 15 Interest 15 i6 a Depreciation (if required, attach Form 4562) 16a b Less depreciation reported on Schedule A and elsewhere on return _,_.._-_. _..-.-_..__.. 16b 16c ~ 17 Depletion (Do not deduct oil and gas depletion.) 17 18 Retirement plans, etc. .__..._............__ .............._.................................._-...-..._..... _....__... _. _..._....____.... 18 y 0 19 Employee benefit programs .. - 19 »~ U 7 ~ 20 Other deductions (attach schedule) _ ..............._.__-.__.-...._.__.-.....- 20 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 ......................................... 21 22 Ordinary business income loss .Subtract line 21 from line 8 .............................................................................. 22 0 . n er pena ties o pequry, ec are t at ave examine t is return, me u mg accompanying sc e u es and statements, an tote est o my now a ge and a ie , d is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member) is based on all information of which preparer has any knowledge. Sign May the IRS discuss this return Here with the preparer shown below ' ignature o genera partner or smite i3 i sty company mein er manager ' ate (see in,;tr.)? 0 Yes ~ No Preparer's Date Check if Preparer's SSN or PTIN Paid signature self-employed -~ P O 014 9 4 5 3 Preparer's rvm s name for yours if self- Use Only employed), 8 address, and ZIP code C >:n ~lllOtt xearns & t; Wayne Avenue mbersburcr, PA 17201 Far Privacy Act and Paperwork Reduction Act Notice, see separate instructions. LLC: tIN ~L-U /tS.ij.SS Phone no. (7 l 7 1 '~ ~ '2 _ Z Form 1065 (2007) 7ttoot JWA tz-z7-o7 Form 1065 (2007) Beech Tree Investments, LP 20-220101 Page 2 .Schedule A Cost of Goods Sold (see the instructions) 1 Inventory at beginning of year _ ...-_..----..___...- ..........................._..__.... 2 Purchases less cost of items withdrawn for personal use ................................. 3 Cost of labor _ ..___ ............._._._.............-.. _.__..._... 4 Additional section 263A costs (attach schedule) _,..-.-.....__ .................... 5 Other costs (attachschedu/e) _ ....................._,.,,..,.._,.--._...---__.-...-_...... 6 Total. Add lines 1 through 5 _.,-. --.__-. - - .... - 7 Inventory at end of year _ . _ _ . S Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 9 a Check all methods used for valuing closing inventory: (i) 0 Cost as described in Regulations section 1.471-3 (ii) 0 Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specify method used and attach explanation) - b Check this box if therewasawritedownof"subnormal"goods as described in Regulations section 1.471-2(c)_ .............................____._.__--. -II c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) - 0 d Do the rules of section 263A for roe roduced or ac wired for resale a Ito the artnershi ~ 0 No ( P P rtYP q ) PPY P P~ _ __. D Yes e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? .......................... ......... 0 Yes 0 No If "Yes," attach explanation. Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a ~ Domestic general partnership b ~X Domestic limited partnership c ~ Domestic limited liability company d ~ Domestic limited liability partnership e 0 Foreign partnership f 0 Other- 2 Are any partners in this partnership also partnerships? ------- .................----..-...._..........----....................._......._...__ X 3 During the partnership's tax year, did the partnership own any interest in another partnership or in anyforeign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3?If'Yes; see instructions for required attachment ..._._.._..__-__.-___.-......._.--.--_--_.-__._-----------------------------------_. __......-..-_-.. X 4 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year'? See Form 8893 for more details - .--.._-_......--.-. _.-_ _.-.-- -_ _ .-_._._.--.._.._. X 5 Does this partnership meet all three of the following requirements? a The partnership's total receipts for the tax year werf; less than $250,000; ' b The partnership's total assets at the end of the tax year were less than $600,000; and c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return - _._.........._....._ ____............_._ ............. - - _ - __..._._...._......_......- X If "Yes;' the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K-1. 6 Does this partnership have any foreign partners? If °Yes; the partnership may have to file Forms 8804, 8805 and 8813. See the instructions X 7 Is this partnership a publiclytraded partnership as defined in section 469(k)(2)? _., ..___..._..._.....-_-_._..___.._._ -_. _....... - __._...._.. X 8 Has this partnership filed, or is it required to file, a return under section 6111 to provide information on any reportable transaction? X 9 At any time during calendar year 2007, did the partnership have an interest in or a signature or other authority aver a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes," enter the name of the foreign country. - X 10 During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes," the partnership may have to file Form 3520. See the instructions _.....__..__, X 11 Was there a distribution of property or a transfer (far example, by sale or death) of a partnership interest during the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership in the instructions ......._ .........................._.........................._.........._...._..........._....._........... X 12 Enter the number of Forms 8865, Return of U_S. Persons With Respect to Certain Foreign Partnerships, attached to this return - Designation of Tax Matters Partner (see: the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP - American Beech Investments, LLC number of TMP - 20-2419541 Address of 120 East King Street - designated TMP Shippensburg , PA 17 2 5 7 J4NA Form 1065 (2007) 711011 12-27-07 Form 1065 2007 Beech Tree Investments, LP 20-2420101 Page3 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (Page 1; line 22) .._.,._.-___._ ............ ..............._.._ ___...............--.--.-..... 1 0 . 2 Net rental real estate income (loss) (attach Form 8825) _.--.... _____....--....._...._..-......_-._._.__ 2 3a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement) -_..-.-._..-_ ._,.--- _.-,_, 3b c Other net rental income (loss). Subtract line 3b from line 3a _........_ ..... ........._._-.._-_--._..__ -__.-_____.--....-_ 3c w 4 Guaranteed payments........_...._...__.._-._...__ ......................_-..... .. -................_......- _. _................ 4 0 5 Interest income .-.._._ .............................._......-......_-................. See Statement 1 ....._.-......._............._-........-..-._.__. 5 31,193. J ~, 6 Dividends: a Ordinary dividends .......--._.........._ ..............._........ .Se-~.._8.~.a.t.eme.ri-t.-..~...__... 6a 395,621. ~ o b Qualified dividends _.._-......._....--.-_ .............._.-... 6b 3 5 3 816 . ..-.... ~ 7 Ro alties Y _.__....__._.........._ ................ ...._-............. _ ...................._ ..........__........_ . 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) ._..-.- _-_ . _ .......................... 8 <15 , 781 .: 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) _ .............._.. 9a 1 , 016 , 9 9 6 . b Collectibles (28%) gain (loss) _..----_........___......_.-..-..---------. -..-... 9b c Unrecaptured section 1250 gain (attach statement) ........ ..................... ...... 9c 10 Net section 1231 gain (loss) (attach Form 4797) _......_ ..............._.--,-. .--._..-._.,_- .-..........--.--.--_.-__......_.-.. 10 11 Other income (loss) (see instructions) Type - 11 12 Section 179 deduction (attach Form 4562) . 12 H = o 13a Contributions _.__._....._.. _.._ .................. __ __ _ ..-..- - _... __....._._-................... 13a 3 b Investment interest expense ....................._................................_... ........ __.-....___..__._........... 13b ~° d c Section 59(e)(2) expenditures: (1) Type - (2) Amount- 13c(2) ~ d Other deductions (see instructions) Type - Stmt 3 13d 3 9 , 2 4 8 . ,~ o,. 14a Net earnings (loss) from self-employment _.. , _.. 14a 0 . r j ~ ~ b Gross farming or fishing income ....................--.--.-...-_.........--........ -.._._-__...._..._..-....___......_--..-.--. 14b w c Gross nonfarm income ..-..-.-..-_. __ ................- --- -- - ..... ......___ _ .-......._... 14c 15a Low-income housing credit (section42(j)(5)) _.__ ............................ ..........._.._-._..-,.--.-_-. -._...._.._._....__. 15a b Low-income housing credit (other) ................ _..............-.._. ... - - ...._.....-_.. .-... 15b N v c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) .....,._.._ .................._,----_..._., ,.. 15c d ~j d Other rental real estate credits (see instructions) Type - 15d e Other rental credilts (see instructions) Type - 15e f Other credits (see instructions) Type - 15f 16a Name of country or U.S. possession - b Gross income from all sources 16b H c Gross income sourced at partner level ........--- .................................... ............._.----.-.....-... -- _......_..._..- i6c o Foreign gross income sourced at partnership level ~ d category - e General category _--__ - f Other .-_-_ - 16f Deductions allocated and apportioned at partner level ~ g Interestexpense- h Other .......- ...__.___--.-_ .............._._..-_.-._.-_ - 16h rn Deductions allocated and apportioned at partnership level to foreign source income o I category - j General category ._.--. - k Other -- --. - 16k Total foreign taxes (check one): - Paid 0 Accrued ~ ...-,.-_ ____.-._._.._..-.. --_-_-_ ..............._--._... 161 m Reduction in taxes available forcredit(attachstatement)--._-._._...._._... _......_....._._....-.-. __..__--......._.--- 16m n Otherforeign tax information (attach statement) ................_...__.....-.. .-...-..................._.---..--..__....__.._ X 17a Post-1986 depreciation adjustment .................................._.............. ..........-.........-.--.--____._....---._..-_.. 17a y >~ E b Adjusted gain or loss .._._.. -- ................ ..........._...... _...-.._ - -- .... __..-.....- 17b c 3~ c Depletion (other than ail and gas) ................... ........ _................. ......... _....._......__..-_... 17c m E~ d Oil, gas, and geothermal properties -gross income .._ _-----------------__-.....-._....-._--.._.-.--_.. 17d Q~Q a Oil, gas, and geothermal properties -deductions .- 17e f OtherAMTitems(attachstatement) ------- -------_ ....._...._....- . - .--_ See._Statement_.4_.-.--.- 17f 12 , 587. 18a Tax-exempt interest income See Statement .5...- 18a 12,587. o b Other tax-exempt income ___.__-..-___ ..--_-_,-_._._ _.. 18b o c Nondeductible expenses . _._ ...................... ..........._._-...........-.... - - _.._...... __ _ ..-... _ 18c ~ o 19a Distributions of cash and marketable securities --._..-_-__._---_--...__._... ,. - - .-..-..._..._._ .................. 19a 305, 067 . b Distributions of other roe P P rh' _ ................ ...... ._ ........... .._-..... - ....-......__ ___....... - .. 19b 20a Investment income __________ - _ 20a 426, 814. p b Investment expenses __ ..........................._._....--...... - .._..__ .-.......... - ..-.._.. -_._.... --~ 20b 39 , 248 . c Other items and amounts (attach statement) -....._ ............ ._..... . ..-._. ._..--....... ........ .-._--..-._ JWA Form 1065 (2007) ~iiozi iz-z~-o~ Form 1065 (2007) Beech Tree Investments, LP 20--2420101 Page4 Analysis of Net Income (Loss) o 1 Net income (loss). Combine Schedule K, lines 1 through 11. FYom the result, subtract the sum of Schedule K, lines 12 through 13d, and 161 1 1 , 3 8 8 , 7 81 . 2 Analysis by partner type: a General partners b Limited partners (ii) Individual (iii) Individual (v) Exempt (i) Corporate (active) (passive) Iv Partnershi ( ) p organization vl Nominee/Other ( ) 13,887. 1,374,894. Schedule L Balance Sheets per Books Beginning of tax year End of tax year Assets 1 Cash _.._.......__.- ---.-..........._ ti 5'/ , 3U3. 787, 036. 2a Trade notes and accounts receivable _...-._ b Less allowance for bad debts .................. 3 Inventories 4 U.S. government obligations .. _.. 5 Tax-exempt securities fi Other current assets (attach statement) _... _. Statement 6 2 , 6 4 3 . 8 6 0 . 7 Mortgage and real estate loans 8 Other investments (attach statement) .... ___ Statement ' 7 2, 536 , 263. 3 , 722, 274. 9a Buildings and other depreciable assets ...... b Less accumulated depreciation 10a Depletable assets b Less accumulated depletion .................. 11 Land (net of any amortization) 12a Intangible assets (amortizable only) ..._..__ b Less accumulated amortization ... 13 Other assets (attach statement) ............... 14 Total assets ..__ ._...._.__..._.._._.____ _ 3, 396, 209. 4, 510,170. Liabilities and Capital 15 Accounts payable _.._ .__ 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities (attach statement) ... 18 All nonrecourse loans 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities {attach statement) 21 Partners' capital accounts _ .. _.__ ..._ 3 , 3 9 6 , 2 0 9 . 4 , 510 , 17 0 . 22 Total liabilities and capital 3 , 3 9 6 , 2 0 9 . 4 , 510 ,17 0 . Schedtale M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note: Schedule M-3 may be required instead of Schedule M-1 (see instructions). 1 Net income (loss) per books 1 , 401 , 3 6 8 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year {itemize): on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 12 , 5 8 7 . 12 , 5 8 7 . 3 Guaranteed payments (other than health insurance) ___..___.__ _ 7 Deductions included on Schedule K, lines 1 through 13d,and 161, not charged against 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 161(itemize): book income this year (itemize): a Depreciation $ a Depreciation $ b Travel and entertainment $ 8 Addlines6and7 _________________ 12 , 587. 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 through 4 ____-.__ ........................ 1 , 401, 3 6 8 . line 1). Subtract line 8 from line 5 __.__.__._..._ 1 , 3 8 8 , 781. Schedule M-2 Analysis of Partners' Capital Accounts 1 Balance at beginning of year _____.--._.________ _ 3,396,209. s Distributions: aCash 305,067. 2 Capital contributed: aCash _ ________________ 17,660. bProperry _._-.___________,._ b Property ______ 7 Other decreases (itemize): 3 Net income{loss)perbooks __. _____________________ 1,401,368. 4 Other increases (itemize): 5 Add lines 1 iz-zz-o~JWA 4 ..........- 8 Add lines 6 and 7 - - - 4 , 815 , 2 3 7 . s Balance at end of year. Subtract line 8 from Tine 5 ~,., x,510,170. Form 1065 (2007) SCHEDULE D (Form 1065) Department of the Treasury Internal Revenue Service Capital Gains and Losses Attach to Form 1065. OMB No. 1545-0099 2007 Beech Tree Investments, LP ~ 20-2420101 Part I Shirt-Term Capital Gains and Losses -Assets Held One Year or Less (a} Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice () p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1 See Statement 10 780,516. 796,297. <15,781. 2 Short-term capital gain from installment sales from Form 6252,1ine26or37 ......._-_._..-._-.__._._._ .... .............__ .__._ _--__ ... 2 3 Short-term capital gain (loss) from like-kind exchanges from Form 8824 _-..-._.._.--_.._._..._ ... ..........................._ _ 3 4 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships,estates, and trusts ................_.-.__-- -..._-_..._._-..._......_..-._.--.--..-.--_._.._. - 4 5 Net short-term capital gain or (loss). Combine lines 1 through 4 in column (f). Enter here and on Form 1065, Schedule K, line 8 or 11 .-_.._.......__..-........__ ...................._..._............._.....___...--.---.----......._...._...... 5 <15 , 7 81 . I Part 11 I I Ana-Term Capital Gains and Losses -Assets Held More Than One Year (a} Description of property (Example: 100 shares of 2' Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice () p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 6 See Statement 11 1,501,625. 488,075. 1,013,550. 7 Long-term capital gain from installment sales from Form 6252, line 26 or 37 --_ ......................___.__..__.__-..-.-_-._...-_-._.___...-. 7 8 Long-term capital gain (loss) from like-kind exchanges from Form 8824 __.-.... __-_ .................._.._.-..-..-___--.- ,. - .-.- .__ ... 8 9 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts .__-.._-_.-.---_-_-..._.-_.._-..-_ _,.___..,. _.-.-_ ........... .... 9 10 Capital gain distributions __-..-. .. _--- _. .._.--.- _. _--.-.. 10 3 , 446 . 11 Net long-term capital gain or (loss). Combine lines 6 through 10 in column (f). Enter here and on Form 1065, Schedule K, line 9a or 11 ........................._.........-....._.._-....._...__.--...._......_............--.-------.......--.--...._ 11 1016996. JWA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule D (Form 1065) 2007 Mini t2-z~-o~ Beech Tree Investments, LP 20-2420101 Schedule K Interest Income Description Orrstown Bank Pennsylvania Department of Revenue Orrstown Bank Accrued Interest Purchased Total to Schedule K, Line 5 U.S. Bonds 23,953. <1,080.> 22,873. 8,320. Statement 1 Other 8,221. 99. Schedule K Dividend Income Statement 2 Description Orrstown Bank Total to Schedule K, Lines 6a & 6b Ordinary Dividends 395,621. 395,621. Qualified Dividends 353,816. 353,816. Schedule K Deductions Related to Portfolio Income Statement 3 Description Amount Professional Fees 2,375. Investment expense from Form 1099-DIV 36,873. Total included on Schedule K, Line 13d 39,248. Schedule K Other Adjustments and Tax Preference Items Statement 4 Description Amount Adjusted current earnings from the partnership 12,587. Total to Schedule K, Line 17f 12,587. Statement(s) 1, 2, 3, 4 Beech Tree Investments, LP 20-2420101 Schedule K Tax-Exempt Interest Income Statement 5 Description Amount Orrstown Bank 12,587. Total to Schedule K, line 18a 12,587. Schedule L Other Current Assets Statement 6 Beginning of End of Tax Description Tax Year Year Refund Due From Pennsylvania 903. Account Receivable - Partners 860. 860. Prepaid State Taxes 880. Total to Schedule L, Line 6 2,643. 860. Schedule L Other Investments Statement 7 Beginning of End of Tax Description Tax Year Year U.S. Government Agency Obligations 254,927. 739,214. Municipal Bonds and Notes 382,937. 480,846. Corporate Bonds and Notes 133,315. 182,398. Mutual Funds 7,267. Common Stocks 1,757,817. 2,319,816. Total to Schedule L, Line 8 2,536,263. 3,722,274. Statement(s) 5, 6, 7 Beech Tree Investments, LP 20-2420101 Form 1065 Partners' Capital Account Summary Statement 8 Partner Beginning Capital Schedule M-2 With- Ending Number Capital Contributed Lns 3, 4 & 7 drawals Capital 1 33,474. 14,013. 2,874. 44,613. 2 3,065,804. 1,314,574. 284,859. 4,095,519. 3 58,090. 4,415. 16,328. 4,334. 74,499. 4 58,091. 4,415. 16,328. 4,333. 74,501. 5 90,373. 4,415. 20,065. 4,334. 110,519. 6 90,377. 4,415. 20,060. 4,333. 110,519. Total 3,396,209. 17,660. 1,401,368. 305,067. 4,510,170. Statement(s) 8 Beech Tree Investments, LP 20-2420101 Form 1065 Summary of Partners' Effective Ratios Statement 9 Partner No. Name of Partner Computed Percentage 1 American Beech Investments, LLC .010000000 2 Helen F Crouse .928210400 3 Jean C Ritchie .015447400 4 Philip M Ritchie .015447400 5 Tace Crouse .015447400 6 James R Crouse .015447400 Total 1.000000000 Statement(s) 9 Beech Tree Investments, L,P 20-2420101 Schedule D Short-Term Capital Gains and Losses Statement 10 Date Date Sales Cost ox' Gain or Description Acquired Sold Price Basis Loss 189.574 Vanguard State 12/18/06 01/12/07 2,000. 2,005. Adm #539 <5.> 50 Spectra Energy 05/17/06 01/26/07 1,291. 1,14E~. Corporation Common 145. 100 Coldwater Creek, Inc. 1.1/27/06 02/28/07 1,797. 2,73?.. Common <9 3 6 . > 100 Coldwater Creek, Inc. 06/07/06 02/28/07 1,797. 2,625. Common <828 .> 100 Apple, Inc. Common 06/06/06 03/28/07 9,475. 5,950. 3,525. 100 Apple, Inc. Common 06/15/06 03/28/07 9,475. 5,744. 3,731. 100 Team, Inc. 04/12/06 04/02/07 3,640. 3,179:. 466. 100 Diamonds Trust Dow 03/02/07 04/03/07 12,486. 12,1501. Jones 336. 100 Diamonds Trust Dow 03/14/07 04/03/07 12,486. 12,031.. Jones 455. 100 Spider S & P 500 03/02/07 04/03/07 14,353. 13,960. Index Fund 393. 100 Diamonds Trust Dow 03/14/07 04/17/07 12,759. 12,031.. Jones 728. 100 Midcap Spider S & P 03/05/07 04/17/07 15,916. 14,856. 400 1,060. 100 Spider S & P 500 03/02/07 04/17/07 14,700. 13,959. Index Fund 741. 100 Ishares Tr Russell 03/28/07 04/25/07 8,254. 7,900. 2000 354. 100 Midcap Spider S & P 03/05/07 04/25/07 16,148. 14,856. 400 1,292. 100 Apple, Inc. Common 06/14/06 05/04/07 10,056. 5,696. 4,360. 100 Diamonds Trust Dow 03/14/07 05/09/07 13,340. 12,031,. Jones 1,309. 100 Ishares MSCI Emerging 05/24/06 05/09/07 12,538. 9,092. Markets 3,446. 200 Jacobs Engineering 05/16/06 05/09/07 10,932. 8,300. Group, Inc. Del Common 2,632. 100 Team, Inc. 04/30/07 05/21/07 3,900. 3,484. 416. 50 Google, Inc. Class A 04/18/07 05/25/07 24,225. 23,903. 322. 100 Apple, Inc. Common 06/14/06 06/01/07 11,843. 5,696. 6,147. 100 General Electric 04/04/07 06/19/07 3,927. 3,520. Company Common 407. 200 Streettracks Series 05/08/07 06/21/07 7,430. 6,839. Trust 591. 48 Citigroup, Inc. Common 03/13/07 07/12/07 2,528. 2,352. 176. 100 Coldwater Creek, Inc. 01/29/07 07/12/07 2,168. 1,815. Common 3 5 3 . 200 Genetech, Inc. Common 01/10/07 07/12/07 15,024. 16,800. New <1,776.> 100 Genetech, Inc. Common 03/23/07 07/12/07 7,512. 8,306. New <794.> Statement(s) 10 Beech Tree Investments, LP 20-2420101 200 NYSE Euronext Common 02/06/07 07/12/07 16,356. 19,700. <3,344.> 100 Walt Disney Company 06/20/07 08/02/07 3,392. 3,42~i. Holding Company <33.> 300 Lions Gate 07/25/07 08/02/07 3,247. 3,37~i. Entertainment Corporation <128.> 200 Starbucks Corporation 05/04/07 08/02/07 5,408. 6,350. Common <942 . > 1,395.0893 RYDEX Series 05/17/07 08/10/07 52,623. 50,000. Inverse SP 500 2,623. 200 American Vanguard 04/05/07 09/05/07 3,400. 3,150. Corporation Common 250. 200 American Vanguard 03/09/07 09/13/07 3,450. 3,02~i. Corporation Common 425. 200 Spider S & P Oil & 08/03/07 09/13/07 7,754. 7,309. Gas Equipment & Services 445. 100 Jacobs Engineering 07/25/07 09/14/07 7,100. 6,27;T. Croup, Inc. Del Common 823. 100 Team, Inc. 04/30/07 09/17/07 2,525. 1,74:. 783. 50 Google, Inc. Class A 07/25/07 09/21/07 28,002. 25,500. 2,502. 150 Spider S & P Oil & 08/03/07 09/21/07 6,097. 5,48:. Gas Equipment & Services 615. 100 Allegheny 04/27/07 09/27/07 11,105. 11,36Ei. Technologies, Inc. Common <261.> 100 Companhia Vale Do Rio 06/25/07 09/27/07 3,306. 2,225. Doce Sponsored ADR 1,081. 100 Team, Inc. 04/30/07 09/27/07 2,800. 1,742. 1,058. 100 Team, Inc. 04/05/07 09/27/07 2,800. 1,651_. 1,149. 100 Team, Inc. 04/05/07 10/04/07 3,000. 1,651. 1,349. 100 NYSE Euronext Common 02/09/07 10/26/07 9,074. 9,420. <346.> 100 NYSE Euronext Common 02/12/07 10/26/07 9,074. 8,969. 105. 50 Google, Inc. Class A 07/26/07 10/31/07 35,098. 25,250. 9,848. 50 Google, Inc. Class A 04/18/07 10/31/07 35,098. 23,90 i. 11,195. 200 Tim Hortons, Inc. 04/25/07 11/08/07 7,882. 6,457. Common 1 , 425 . 100 Jacobs Engineering 07/26/07 12/10/07 9,610. 5,999. Croup, Inc. Del Common 3,611. 100 Wesco International, 03/13/07 12/19/07 3,892. 6,25(1. Inc. <2,358.> 200 Wesco International, 03/19/07 12/19/07 7,784. 12,411.. Inc. <4,627.> 100 Wesco International, 05/24/07 12/19/07 3,892. 6,20(1. Inc. <2,308.> 100 Wesco International, 04/19/07 12/19/07 3,892. 6,075. Inc. <2,183.> 200 Wesco International, 07/20/07 12/19/07 7,784. 11,95(1. Inc. <4,166.> 100 Buffalo Wild Wings, 07/06/07 12/19/07 2,689. 4,275. Inc. Common <1,586.> 100 Buffalo Wild Wings, 07/02/07 12/19/07 2,689. 4,15(1. Inc. Common <1,461.> 200 Buffalo Wild Wings, 07/24/07 12/19/07 5,377. 8,250. Inc. Common <2,873.> 200 Buffalo Wild Wings, 07/11/07 12/19/07 5,377. 8,242. Inc. Common <2,865.> Sta.tement(s) 10 Beech Tree Investments, LP 20-2420101 200 Buffalo Wild Wings, 07/25/07 12/19/07 5,377. 8,086. Inc. Common <2,709.> 200 Buffalo Wild Wings, 07/26/07 12/19/07 5,377. 7,698. Inc. Common <2,321.> 200 Buffalo Wild Wings, 08/14/07 12/19/07 5,377. 6,700. Inc. Common <1,323.> 100 Amgen, Inc. Common 03/23/07 12/19/07 4,716. 5,826. <1,110.> 100 Amgen, Inc. Common 05/10/07 12/19/07 4,716. 5,791. <1,075.> 100 Amgen, Inc. Common 04/11/07 12/19/07 4,716. 5,662. <946.> 200 Amgen, Inc. Common 05/15/07 12/19/07 9,432. 10,502. <1,070.> 200 Allegheny 06/21/07 12/19/07 17,117. 21,482. Technologies, Inr_. Common <4,365.> 100 Allegheny 06/27/07 12/19/07 8,558. 10,050. Technologies, Inc. Common <1,492.> 100 Unit Corporation 07/02/07 12/19/07 4,416. 6,241. Common <1 , 8 2 5 . > 100 Unit Corporation 07/03/07 12/19/07 4,416. 6,212. Common <1, 7 9 6 . > 100 Unit Corporation 07/06/07 12/19/07 4,416. 6,203. Common <1, 787. > 100 Unit Corporation 07/11/07 12/19/07 4,416. 6,096. Common <1, 6 8 0 . > 200 Unit Corporation 07/24/07 12/19/07 8,833. 11,709. Common <2 , 8 7 6 . > 200 Unit Corporation 07/25/07 12/19/07 8,833. 11,445. Common <2 , 612. > 100 Unit Corporation 07/26/07 12/19/07 4,416. 5,603. Common <1,18 7 . > 200 Unit Corporation 08/02/07 12/19/07 8,833. 10,700. Common <1, 8 6 7 . > 100 Unit Corporation 08/03/07 12/19/07 4,416. 5,283. Common <8 6 7 . > 200 Unit Corporation 10/04/07 12/19/07 8,833. 9,630. Common <7 9 7 . > 100 Citigroup, Inc. 07/25/07 12/19/07 3,023. 4,924. Common <1, 9 O 1. > 150 Comcast Corporation 02/10/07 12/19/07 2,698. 4,281. New Class A <1,583.> 50 Comcast Corporation 07/26/07 12/19/07 899. 1,379. New Class A <480.> 300 Comcast Corporation 02/09/07 12/19/07 5,395. 8,242. New Class A <2,847.> 100 Genetech, Inc. Common 03/23/07 12/24/07 6,771. 8,306. New <1,535.> 100 Genetech, Inc. Common 03/02/07 12/24/07 6,771. 8,300. New <1,529.> 100 Genetech, Inc. Common 03/28/07 12/24/07 6,771. 8,225. New <1,454.> 200 Genetech, Inc. Common 04/11/07 12/24/07 13,542. 16,400. New <2,858.> 300 Genetech, Inc. Common 03/29/07 12/24/07 20,313. 24,534. New <4,221.> 100 Genetech, Inc. Common 04/12/07 12/24/07 6,771. 8,062. New <1,291.> Statements? 10 Beech Tree Investments, LP 100 Genetech, Inc. Common 05/09/07 12/24/07 6,771. 8,000. New 20-2420101 <1,229.> Total to Schedule D, Line 1 780,516. 796,297. <15,781.> Schedule D Long -Term Capital Gains and Losses Statement 11 Date Date Sales Cost or Gain or Description Acquired Sold Price Basis Loss 2,000 Allied Irish Banks, 06/11/91 01/05/07 118,998. 11,908. PLC 107,090. 300 Jones Soda Company 07/28/05 01/29/07 4,350. 1,766. Common 2 , 584. 100 Zimmer Holdings, Inc. 09/13/05 02/05/07 8,350. 7,533. Common 817 , 2,000 Allied Irish Banks, 06/11/91 02/06/07 119,996. 11,908. PLC 108,088. 1,000 Allied Irish Banks, 06/11/91 02/16/07 62,748. 5,954. PLC 56,794. 1,000 Allied Irish Banks, 06/11/91 02/20/07 63,278. 5,954. PLC 57,324. 100 Jones Soda Company 07/26/05 03/26/07 2,191. 582. Common 1, 6 0 9 . 100 Jones Soda Company 07/26/05 03/27/07 2,237. 582. Common 1 , 655 . 100 Jones Soda Company 07/26/05 04/04/07 2,550. 582. Common 1, 9 6 8 . 3,000 Allied Irish Banks, 06/11/91 04/16/07 180,087. 17,862. PLC 162,225. 100 Jones Soda Company 07/29/05 04/16/07 3,250. 538. Common 2 , 712 . 3,000 Allied Irish Banks, 06/11/91 04/17/07 181,497. 17,862. PLC 163,635. 1,000 Allied Irish Banks, 06/11/91 04/20/07 61,299. 5,954. PLC 55,345. 3,000 Allied Irish Banks, 06/11/91 04/23/07 185,997. 17,862. PLC 168,135. 200 Jacobs Engineering 04/25/06 05/02/07 10,387. 8,589. Group, Inc. Del Common 1,798. 100 Jones Soda Company 07/29/05 05/03/07 2,493. 538,. Common 1, 9 5 5 . 1,000 Allied Irish Banks, 06/11/91 05/04/07 62,749. 5,954,. PLC 56,795. 200 Microsoft Corporation 12/16/92 05/04/07 6,094. 541„ Common 5 , 5 5 3 . 100 Zimmer Holdings, Inc. 09/13/05 05/04/07 9,019. 7,533., Common 1 , 486 . 100 Zimmer Holdings, Inc. 09/20/05 05/04/07 9,019. 6,975., Common 2 , 044 . 500 Cisco Systems, Inc. 01/02/97 05/07/07 13,880. 3,576.. Common 10 , 3 0 4 . Statement (s ) 10 , 11 Beech Tree Investments, I,P 20-2420101 200 Masco Corporation 02/01/06 05/08/07 6,059. 5,896. Common 16 3 . 200 Masco Corporation 02/02/06 05/08/07 6,059. 5,850. Common 2 0 9 . 200 Cisco Systems, Inc. 01/02/97 05/09/07 5,292. 1,430. Common 3 , 8 6 2 . 100 Spider S & P 500 07/07/05 05/09/07 15,105. 11,834:. Index Fund 3,271. $ 25,000 Household 05/08/06 05/15/07 25,000. 25,422. Finance Coporate Note 7.500 <422.> $ 25,000 Federal Home 04/25/06 05/15/07 25,000. 25,000. Loan Banks 6.00 0. 1,000 Allied Irish Banks, 06/11/91 05/31/07 60,516. 5,954,. PLC 54,562. .036 Kraft Foods, Inc. 06/11/91 06/06/07 1. 0. Class A 1. 100 Jacobs Engineering 04/28/06 06/20/07 5,850. 4,100. Croup, Inc. Del Common 1,750. 100 Thomas & Betts 06/06/06 06/27/07 5,723. 5,498. Corporation Common 225. 100 Thomas & Betts 05/24/06 06/27/07 5,723. 5,460. Corporation Common 263. 100 Amgen, Inc. Common 10/20/05 07/12/07 5,538. 7,471. <1,933.> 100 Amgen, Inc. Common 02/13/06 07/12/07 5,538. 7,085. <1,547.> 52 Citigroup, Inc. Common 04/27/98 07/12/07 2,739. 1,477. 1,262. 100 Coldwater Creek, Inc. 06/08/03 07/12/07 2,168. 2,523. Common <3 5 5 . > 200 Coldwater Creek, Inc. 06/13/06 07/12/07 4,336. 4,800. Common <464 .> 300 Coldwater Creek, Inc. 06/27/06 07/12/07 6,504. 7,127. Common <623 . > 200 Microsoft Corporation 12/16/92 07/12/07 5,946. 541. Common 5 , 405 . 100 Zimmer Holdings, Inc. 09/20/05 07/12/07 8,503. 6,975. Common 1 , 528 . 200 Starbucks Corporation 09/14/05 08/02/07 5,408. 4,750. Common 6 5 8 . $ 25,000 Federal Home 08/01/05 08/28/07 25,000. 25,000. Loan Banks 4.36 0. $ 55,000 Household 10/24/05 09/15/07 55,000. 57,829. Finance Corporate Note 7.75 <2,829.> $ 50,000 Federal Farm 09/12/05 11/15/07 50,000. 50,000. Credit Banks 5.00 0. 100 Wesco International, 05/12/06 12/19/07 3,892. 7,081. Inc. <3,189.> 100 Wesco International, 05/18/06 12/19/07 3,892. 6,644. Inc. <2,752.> 100 Wesco International, 06/06/06 12/19/07 3,892. 6,363. Inc. <2,471.> 100 Wesco International, 07/20/06 12/19/07 3,892. 5,832. Inc. <1,940.> Statement(s) 11 Beech Tree Investments, L,P 100 Amgen, Inc. Common 02/13/06 12/19/07 200 Amgen, Inc. Common 04/11/06 12/19/07 100 Amgen, Inc. Common 04/17/06 12/19/07 100 Amgen, Inc. Common 05/02/06 12/19/07 $ 15,000 Federal Home 09/20/05 12/24/07 Loan Banks 5.00 Total to Schedule D, Line 6 4,716. 9,432. 4,716. 4,716. 15,000. 7, 085. 14,000. 6,925. 6,573. 14,997. 20-2420101 <2,369.> <4,568.> <2,209.> <1,857.> 3. 1013550. 1501625. 488,075. Statement(s) 11 651],07 Schedule K-i ~nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Farm 1065) For calendar year 2007, or tan ~'vv ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) - See separate instructions. 16 Foreign transactions P rt I I f ti Ab t th P hi t 3other net rental income (loss) n orma on ou e ar ners p a A Partnership's employer identification number 4Guaranteed payments 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 312. Beech Tree Investments, LP 6a0rdinarydividends 120 East King Street 3,956. 17 Alternative min tax(AMT)items Shippensburg , PA 17 2 5 i' 6b0ualified dividends C IRS Center where partnership filed return 3 , 5 3 8 . Cincinnati, i~H 7Royalties 18 Tax-e~;empt income and D ~ Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <158. nondeductible expenses * 126. rt II I f ti Ab th P P 9aNet long-term capital gain (loss) n orma on out artner a e 10,170. E Partner's identifying number 9b Collectibles (28%) gain (foss) 19 Distributions 2,874. 2 0 - 2 419 5 41 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 10Net section 1231 gain (loss) 4 , 2 6 8 . American Beech Investments, LLC 393. 120 East King Street 110therincome(loss) * 229. Shippensburg, PA 17257 G X General partner or LLC Limited partner or other LLC member-manager member H OX Domestic partner ~ Foreign partner 12Section 179 deduction I What type of entity is this partner? Partnership 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 1.1)000000% 1.0000000% Loss 1. () 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Capital 1.0000000% 1.0000000% 0. K Partner's share of liabilities at year end: Nonrecourse $ *See attached statement for additional information. Qualifiednonrecoursefinancing ________.___ $ Recourse .__....._.._..._.........__ _._.......... $ 0 L Partner's capital account analysis: Beginning capital account .__.__._ $ 33,474. -. Capital contributed during the year $ Current year increase (decrease) $ 1 4 , 0 1 3 . Withdrawals & distributions ____ .______._____ __ _ $( 2 , 874) Ending capital account _..__.. ., _ $ 44, 613. OX Tax basis [~ GAAP 0 Section 704(b) book 0 Other (explain) ?• c o ~ ~ o " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065_ Schedule K-1 (Form 1065) 2007 7iizs~ ~ 2-31-07 Beech Tree Investments, LI? 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Partner Filing Instructions Amount Professional Fees 24. Investment expense from Form 1099-DIV 369. Total to Schedules K--l, Box :13, Code K 393. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedule K-1, Box :18, Code A Amount 126. 126. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 229• Schedule K-1 Current Year Increases (Decreases) Description Amount Totals Interest income 312. Dividend income 3,956. Short-term capital gain (loss) <158.> Long-term capita]_ gain (loss) 10,17.0. Schedule K--]_ income subtotal 14,280. Portfolio deduct~_ons <393.> Schedule K--]'_ deductions subtotal <393.> Tax-exempt interE~st income 126. Other increases or decreases subtotal 126. Total to Schedule K-l, Item L 14,013. Partner Number 1 2 651107 Schedule K-1 'nn7 ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 ~' """ '"°~~ For calendar year 2007, or tax ' ~ ~ ` Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) p . 15 Credits Credits, etc. 2Net rental real estate income (loss) -See separate instructions. 16 Foreign transactions Part I Information About the Partnership 3other net rental income (loss) A Partnership's employer idenfrficatian number 4Guaranteed payments 20-2420101 B Partnership's name, addrr:ss, city, state, and ZIP code 5lnterest income 28,954. Beech Tree Investments, LP 6a0rdinarydivitlends 120 East King Street 367,220. 17 Alternative min tax(AMT}items Shippensburg , PA 172 5 7 6b0ualified dividends C IRS Center where partner<ship filed return 3 2 $ , 416 . Cincinnati, C~H 7Royalties 1 STax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <14,648. nondeductible expenses * 11,683. Part II Information About the Partner 9a Net long-term capital gain (loss} 957,795. E Partner's identifying number 9bCollectibles (28%j gain (loss) 19 Distribudions 284,859. 19 5- 3 2- 0 8 7 0 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, antl ZIP code 20 Other information 10 Net section 1231 gain (loss) 3 9 6 ,17 4 . Helen F Crouee 36,430. 120 East Kingi Street 110therincome(loss) * 21, 231. Shippensburg, PA 17257 G General partner or LLC X Limited partner or other LLC member-manager member H OX Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner? InC~1y:l.C~ua1 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 93.3340000% 92.8210400% Loss 9 3. 3 3 4 0 0 0 0% 9 2. 8 210 4 0 0% 14Self-employment earnings (loss) Capital 93.3340000% 92.8210400% 0. K Partner's share of liabilitif:s at year end: Nonrecourse _._ $ `See attached statement for additional information. Qualified nonrecourse financing .___ __ $ Recourse ~ p , L Partner's capital account analysis: Beginning capital account $ 3, 0 6 5, 8 0 4. Capital contributed during the year $ Current year increase (decrease) $ 1 , 3 1 4 , 5 7 4 . Withdrawals & distributions __ $( 2 8 4, 8 5 9~ Ending capital account 0 9 5 , 519. _._ _......_._.._.___...... $ 4 , [X Tax basis [__~ GAAP ~ Section 704(b) book 0 Other (explain) a 0 ~ o "~ JVVH ror raperwonC rseauction Act Notice, see Instructions far Form 1065. n test 12-3 t-07 Schedule K-f (Form 1065) 2007 2 Beech Tree Investments, LF' 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Partner Filing Instructions Professional Fees Investment expense from Form 1099-DIv Total to Schedule K-1, Box 7.3, Code K Amount 2,204. 34,226. 36,430. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedule K-1, Box 18, Code A Amount 11,683. 11,683. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions Amount U.S. interest (past of In 5J6a) See state instructions 21,231. Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Schedule K-1 income subtotal Portfolio deductions Schedule K-1 deductions subtotal Tax-exempt interest income Other increases or decreases subtotal Total to Schedule K--1, Item L Amount Totals 28,954. 367,220. <14,648.> 957,795. 1,339,321. <36,430.> <36,430.> 11,683. 11,683. 1,314,574. Partner :Number 2 3 651107 ~_~_a..~,. ~ , ~nn~ n Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2007, or tax vv Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Deductions, Partner's Share of Income 10rdinary business income (loss) 0 15 Credits , etc Credits 2Net rental real estate income (loss) . , - See separate instructions. 16 Foreign transactions 30ther net rental income (loss) Part I Informatilon About the Partnership A Partnership's employer identification number 4Guaranteed payments 20-2420101 and ZIP code state city addrf:ss B Partnership's name 5lnterest income , , , , 481. Beech Tree Investments , LP 6a0rdinarydividends 120 East King Street 6 ,111. it Alternal:ive min tax (AMT) items PA 17 2 5 7 Shippensburg 6bQualified dividends , C IRS Center where partnership filed return 5 , 4 6 5 . CiH Cincinnati 7Royalties , 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8Net short-term capital gain (loss) <244. nondeductible expenses * 195. ) gai ( 1o 9a Net long-term cap Part II Information About the Partner 3 9 1 i O E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions A 4,334. 1 9 9- 3 6- 5 7 7 9 9cUnrecaptured sec 1250 gain address, city, state, and ZIP code F Partner's name 20 Other information , 10Net section 1231 gain (loss) 6 , 5 9 2 . Jean C Ritchie 606. 628 Brad Street 110therincome(loss) * 353. Shippensburg, PA 17257 LC X Limited partner or other LLC G General partner or L . member-manager member H ~X Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner? IndlV:idual 130ther deductions and capital: loss J Partner's share of profit * STMT , , Beginning Ending Profit 1.4165000% 1.5447400% Loss 1.416 5 0 0 0% 1.5 4 4 7 4 0 0% 14Self-employment earnings (loss) Capital 1.4165000% 1.5447400% 0 K Partner's share of liabilitiE:s at year end: $ Nonrecourse *Seeattachedstatementforadditionalinformation. . _.__..-.___._. _.-.....-.._._.-..-.... Qualified nonrecourse financing _-_. _...-.-. _..-..._. $ Recourse .........._ ._._... __..._.._..._...._ $ 0 . L Partner's capital account analysis: Beginning capital account _-_--_._.-._._._.._.... $ 58.090 • Capital contributed during the year $ 4 , 415. Current year increase (decrease) _.__.____..-__. $ 1 6 , 3 2 8 . Withdrawals&distributions ___.._._..-.__._ $( 4, 334) Ending capital account ___- $ 74 499. __ _ OX Tax basis (_~ GAAP 0 Section 704(b) book Other (explain) ___ ~ ~ ~ o " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. 711261 12-31-07 Schedule K-1 (Form 1065) 2007 3 Beech Tree Investments, LF? 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Partner Filing Instructions Amount Professional Fees 37. Investment expense from Form 1099-DIV 569. Total to Schedule K--1, Box .L3, Code K 606. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 195. Total to Schedules K-1, Box 18, Code A 195. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions U.S. interest (part of In 5/6a) See state instructions Amount 353. Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital. gain (loss) Schedule K-1. income subtotal Portfolio deductions Schedule K-1. deductions subtotal Tax-exempt interest income Other increases or decreases subtotal Total to Schedule K-1, Item L Amount Totals 481. 6,111. <244.> 10,391. 16,739. <606.> 195. <606.> 195. 16,328. Partner Number 3 4 651107 Schedule K-1 'nn7 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (corm lUtib) For calendar year 2007, or tax ~'"`~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) ~ See separate instructions.. 16 foreign transactions Part I Information About the Partnershi 3other net rental income (loss) p A Partnership's employer identification number 4Guaranteed payments 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 482. Beech Tree Investments, LP 6a0rdinarydividends 120 East Kinq Street 6 , 111. 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b0ualifieddividends C IRS Center where partnership filed return 5 , 4 6 6 . Cincinnati, OH 7Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <243. nondeductible expenses * 194. Part II Information About the Partn r 9aNet long-term capital gain (loss) e 10 , 3 91 . E Partner's identifying number 9bCollectibles (28%) gain (loss) 19 Distributions 4,333. 1 6 2- 4 6- 4 3 4 9 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP codE: 20 Other information 10Net section 1231 gain (loss) 6 , 5 9 3 . Philip M Ritchie 607. 628 Brad Street 110therincome(loss) * 353. Shippensburg,, PA 17257 G General partner or LLC X Limited partner or other LLC member-manager member H OX Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner? Individual 130ther deductions J Partner's share of profit, Poss, and capital: * STMT Beginning Ending Profit 1.4165000% 1.5447400% Loss 1.416 5 0 0 0% 1.5 4 4 7 4 0 0% 14Self-employment earnings (loss) Capital 1.4165000% 1.5447400% 0. K Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for additional information. Qualifiednonrecoursefinancing ____ ...________.__. $ Recourse $ 0 . L Partner's capital account;analysis: Beginning capital account _ ................_ $ 58, 091. Capital contributed during the year ___.___ $ 4 , 415. Current year increase (decrease) $ 16 , 3 2 8 . Withdrawals & distributions . .. _, $( 4 , 3 3 3) Ending capital account $ 7 4 5 0 1. Tax basis [_] GAAP 0 Section 704(b) book 0 Other (explain) o ~ ~ o JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. 711261 12-31-07 Schedule K-1 (Form 1065) 2007 4 Beech Tree Investments, IMP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Partner Filing Instructions Amount Professional Fees 37. Investment expense from Foz-m 1099-DIV 570. Total to Schedule K-1, Box 13, Code K 607. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 194. Total to Schedule K-1, Box 18, Code A 194. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 353. Schedule K-1 Current Year Increases (Decreases) Description Amount Interest income 482. Dividend income 6,111. Short-term capital gain (loss) <243.> Long-term capita]. gain (loss) 10,391. Schedule K--1. income subtotal Portfolio deductions <607.> Schedule K--1. deductions subtotal Tax-exempt interest income 194. Other increases or decreases subtotal Total to Schedule K--l, Item L Totals 16,741. <607.> 194. 16,328. Partner Number 4 5 651107 Schedule K-1 'nn~ 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2007, or tax ~vv ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) ~ See separate instructions. 16 Foreign transactions rt I I P f ti Ab t th P t hi 3other net rental income (loss) a n orma on ou e ar ners p A Partnership's employer identification number 4Guaranteed payments 20-2420101 B Partnership's name, addrress, city, state, and ZIP code 5lnterest income 482. Beech Tree Investments, LP 6a0rdinarydividends 120 East Kinq Street 6,112. 17 Alternative min tax(AMT)items Shippensburg, PA 17257 6b0ualifieddividends C IRS Center where partnership filed return 5 , 4 6 5 . Cincinnati, OH 7Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <244. nondeductible expenses * 195. rt II I P f ti Ab t th P rt 9a Net long-term capital gain (loss) a n orma on ou e a ner 14,125. E Partner's identifying numiber 9b Collectibles {28%) gain (loss) 19 Distributions 4,334. 17 6 - 4 4 - 012 4 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 1DNet section 1231 gain (loss) 6 , 5 9 4 . Tace Crouse 605. 9 31 Foxf ire 7'rai 1 110ther income (loss) * 3 5 4 . Oviedo, FL 32765 G General partner or LLC X Limited partner or other LLC member-manager member H OX Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner`? IndlVidual 130ther deductions J Partner's share of profit, foss, and capital: * STMT Beginning Ending Profit 1.4165000% 1.5447400% Loss 1.416 5 0 0 0°i° 1.5 4 4 7 4 0 0% 14Self-employment earnings (loss) Capital 1.4165000% 1.5447400% 0. K Partner's share of liabilities at year end: Nonrecourse $ ................... 'See attached statement for additional information. Oualifiednonrecoursefinancing ._.._..__..___.._._ __ $ Recourse $ 0 . L Partner's capital account analysis: Beginning capital account ___________________ $ 90, 373. Capital contributed during the year _ _ $ 4 , 415. Current year increase (decrease) $ 2 0 , 0 6 5 . Withdrawals&distributions _.__..__.__.___ $( 4, 334 Ending capital account .______ _ _.._........_._ $ 110 , 519 . OX Tax basis [_] GAAP 0 Section 704(b) book Other (explain) ?~ c o ~ o JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. 711261 12-31-07 Schedule K-1 (Form 1065) 2007 5 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Professional Fees Investment expense from Form 1099-DIV Partner Filing Instructions Total to Schedule=_ K-1, Box 13, Code K Amount 36. 569. 605. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedules K-1, Box 18, Code A Amount 195. 195. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 354. Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital. gain (loss) Schedule K-1. income subtotal Portfolio deductions Schedule K-1. deductions subtotal Tax-exempt interest income Other increases or decreases subtotal Total to Schedule. K--1, Item L Amount Totals 482. 6,112. <244.> 14,125. 20,475. <605.> <605.> 195. 195. 20,065. Partner ]Number 5 651,107 Schedule K-1 ~nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2007, or tax ~~~ ~ Department of the Treasury year beginning Part 111 Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service g endin Partner's Share of Income, Deductions, 10rdinary business income (foss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) -See separate instructions.. 16 Foreign transactions I Information Abo Part t th P rt hi 3other net rental income (loss) . u e a ners p A Partnership's employer identification number 4Guaranteed payments 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 482. Beech Tree Investments, LP 6a0rdinarydividends 12 0 East Kinq Street 6 , 111. 17 Alternative min tax (AMT) items Shippensburg , PA 17 2 5 7 6b0ualified dividends C IRS Center where partnership filed return 5 , 4 6 6 . Cincinnati, OH 7Royalties 18 Tax-e~:empt income and D 0 Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <244. nondeductible expenses * 194. Part II Information Ab t th P rt 9aNet long-term capital gain (loss) ou e a ner 14 , 124 . E Partner's identifying nurriber 9bCollectibles (28%) gain (loss) 19 Distributions 4,333. 19 9- 3 6- 5 7 7 8 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 10Net section 1231 gain (loss) 6 , 5 9 3 . James R Crou:~e 607. 9 31 Foxf ire n_Crai 1 110ther income {loss) * 3 5 3 . Oviedo, FL 32765 G General partner or l_LC X Limited partner or other LLC member-manager member H OX Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner`? Individual 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 1.4165000% 1.5447400% Loss 1.416 5 0 0 0% 1.5 4 4 7 4 0 0% 14Self-employment earnings (loss) Capital 1.4165000% 1.5447400% 0. K Partner's share of liabilities at year end: Nonrecourse _._ ___.________ __. $ ............ 'See attached statement for additional information. Qualifiednonrecoursefin<incing ___________ ____________ $ Recourse $ 0 . L Partner's capital account analysis: Beginning capital accoum _ _.._..._ $ 9 0 , 3 7 7 . Capital contributed during the year $ 4 , 415. Current year increase (decrease) _ _ $ 2 0 , 0 6 0 . Withdrawals & distributions _____________________________ $( 4 , 333) Ending capital account ____ $ 110,519. Tax basis [~ GAAP 0 Section 704(b) book 0 Other (explain) o ~ ~ o JWA Far Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2007 711261 12-31-07 Beech Tree Investments, LAP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code K Description Partner Filing Instructions Professional Fees Investment expense from Form 1099-DIv Total to Schedule K-1, Box 13, Code K Amount 37. 570. 607. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedules K-1, Box 18, Code A Amount 194. 194. Schedule K-1 Other Information, Box 20, Code W Description Partner Filing Instructions U.S. interest (part of In 5/6a) See state instructions Amount 353. Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Schedule K--]. income subtotal Portfolio deductions Schedule K--1. deductions subtotal Tax-exempt interest income Other increases or decreases subtotal Total to Schedule K--1, Item L Amount Totals 482. 6,111. <244.> 14,124. 20,473. <607.> 194. <607.> 194. 20,060. Partner Number 6 Form 1065 Department of the Treasury Internal Revenue Service A Principal business activity Investments B Principal product or service Investments C Business code number U.S. Return of Partnership Income OMwB NO.1545-0099 F"or calendar year 2008, or ta;c year beginning ,ending _ )o o~ Name of partnership D Employer identification Use number the IRS eech Tree Investments, LP 20-2420101 - label. Other- Number, street, and room or suite no. if a P.O. box, see the instructions. E Date business started wise, 628 Brad Street 03/11/2005 print or City or town, =_tate, and ZIP code F Total assets - tYPe. 525990 I ~Shippensburg, PA 17257 I$ 5,295,963. G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change 1;5) Amended return (6) ~ Technical termination -also check {1) or (2) H Check accounting methotl~: (1) 0 Cash (2) 0 Accrual (3) 0 Other (specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 6 J Check if Schedule M-3 attached ........ ~ ~- ....... ....... Caution. Include only trade or business income and expenses on lines la through 22 below. See the instructions for more information. 1 a Gross receipts or sales ._. _.-_._....-..-. 1a b Less returns and allowances ................. ............................................................ 1b 1c 2 Cost of goods sold (Schedule A, line 8) 2 d 3 Gross profit Subtract line 2 from line 1c 3 ~ 4 Ordina Income loss from other artnershi s estates, and trusts attach statement 4 5 Net farm profit (loss) (attach ScheduleF(Form 1040)) ..................__-..-._._..-_-._- ..-..-.,-.-..-_.-. ..-...,..-._.,,.-_.-____ 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) .-.-...._.._.,_..._.,-.- -._-..__.._..._ ............._._._-.__. 6 7 Other income (loss) (attach statement)--_........._ .......... ........... ...._..._...__._ _ .__..._.---- ---.....-------.-..-. 7 8 Total income (loss). Combine lines 3 through 7 .............. _... 8 9 Salaries and wages (other than to partners) {less employment credits) . .......................... ................. ............. 9 10 Guaranteed payments to partners .-....__._._._......._._..._ ............................_.......-- .----.----...... ..._..............._... 10 -~ 11 Repairs and maintenance 11 o 12 Bad debts -........_... _..--.._.__._ .-- - _ _ - _._._..._........_........ .__.._ ........ ........._..._.._._.. 12 ~, 13 Rent ..........._. _._ ........... - ....._ ................._.._._................-....._.. ........ ........ _... ...._....._...... 13 `g 14 Taxes and licenses 14 2 15 Interest .................................... - _.. - - - ..... _._ .- 15 i6 a Depreciation (if required, attach Form 4562) ........ ....... 16a L b Less depreciation rl;ported on Schedule A and elsewhere on return .-... i6b 16c 17 Depletion (Da not deductoil and gas depletion.) -------------_-.._._.__.._.._.___._-.-..-.__- .._.._-_...- . 17 18 Retirement plans, etc. ._ .__.--... _-_-... ....._ 16 0 19 Employee benefit programs ____ .-__________.__-. 19 .~ 3 ~ 20 Other deductiens (attach statement) _ 20 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 ................. .. _....._._.._....... 21 22 Ordinary business income loss .Subtract line 21 from line 8 .................................... ................ ......................... 22 0 . n er pena ties o penury, ec are t at eve examine t is return, inc u mg accompanying sc e u es an statements, an tote est o my now a ge an a ie , rt is Vue, correct, and complete. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any Sig n knowledge. May the IRS discuss this return Her e with the preparer shown below ' igna$ Pure oT~genera partner or smite is i sty company mein er manager ' ate (see instr.)? 0 Yes 0 No Preparer's Date Check if Preparer's SSN a PTIN Paid signature self-employed -~ P O 014 9 4 5 3 Pre parer' s Firm'sname(or Smith Elliott Kearns & Com an , yours if self- P y LLC EIN 2-0783935 Use Only employed), $ 0 /~ Wayne Avenue Phone n°. (717) 2 6 3 - 3 910 address, and ~"' °Otle Lnambersburg , YA 1 ~/ L U 1 For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 1055 (2008) eltool LHA 12-31-08 Form 1065 (2008) Beech Tree Investments, LP 20--2420101 Page 2 Schedule A Cost of Goods Sold r;see the instructions) 1 Inventory at beginning of year ... .................. 2 Purchases less cost of items withdrawn for personal use 3 Cost of labor 4 Additional section263Elcosts(attachstatement) ................................................................................................ 5 Other costs (attach statement) .... _.-... _._... ._..... _- .. ... _. _.. __-. 6 Total. Add lines 1 through 5 7 Inventory at end of year ............_....... - ...._ ................._..................._ __ -_ _....._ _- 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 9 a Check all methods used for valuing closing inventory: (i) [ Cost as described in Regulations section 1.471-3 {ii) [Lower of cost or market as described in Regulations section 1.471-4 (iii) [Other (specify method used and attach explanation) - b Check this box if there ~Nas a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) _-.... _-_...- - c Check this box if the LII=O inventory method was adopted this tax year for any goods (if checked, attach Form 970) .............. ........ ................. - [ d Do the rules of section '263A (for property produced or acquired for resale) apply to the partnership? _.. _ ... _-... _ _ . [Yes [ Na e Was there any change in determining quantities., cost, or valuations between opening and closing inventory? ................ ... ..... [Yes [ No ............ If "Yes," attach explanation. ' Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a [Domestic general partnership b C] Domestic limited partnership c [Domestic limited liability company d [] Domestic limited liability partnership e [Foreign partnership f [] Other- 2 At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? ___ .____.__._____ X 3 At the end of the tax year. a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), or trust own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes;' complete (i) through (v) below -.-...._ .................. _........_........-.. ' X (i) Name of Entity {II) Employer Identfcation Number (if any) (iii) Type of Entity (iv) Country of Organization (~) Maximum Percentage Owned in Profit, Loss,or Capital b Did any individual or esl:ate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rulf:s of constructive ownership„ see instructions. If'Yes," complete (i) through (iv) below ..............._.__._......_........__._._..........__......._.......-..... X (i) Name of Individual or Estate {II) Social Security Number or Employer Identification Number if n (iii) Country of Citizenship (see instructions) Iv Mazimulrt Percentage Owned in Pmfil,Loss,orCapital Helen F Crouse 195-32-0870 nited States 99.00 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If'Yes," complete i through iv below .--.-_ .............__.._....... X (i) Name of Corporation a Employer Identification Number (if any) (III) t'.OUntry Of Incorporation (IV) Percentage Owned in Voting Stock Form 1065 (2008) soon 12-31-08 Form1o65(2008) Beech Tree Investments, LP 20- 2420101 Page 3 b Own directly an interest of 2D% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or Yes No domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? for rules of constructive ownership, see instructions.lf"Yes;'complete(i)throughl.v)below- -----------------------_._.........-.--.---......-------......____._._._.....----.---.__.__....----.... X (i) Name of Entity (11) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization v Maximum Percentage Owned in Profit, Loss, or Capital 5 Did the partnership file 1=orm 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax'. treatment, that is in effect for this tax year? See Form 8893 for more details ........................_.__..-... _.. _................... X 6 Does the partnership satisfy all four of the following conditions? a The partnership's total receipts for the tax year 1Nere less than $250,000. b The partnership's total assets at the end of the tax year were less than $ 1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is notfilingand is not required to file Schedule M-3 ................................................................................ .. X If "Yes," the partnership is not required to complete Schedules L, M-i, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K; 1. 7 Is this partnership a putrlicly traded partnership as defined in section 469(k)(2)? ................................................................ X 8 During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? .....- -...........- .. .._........._-. 9 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportableVansaction? ...._......... - ......... __._...... - .._ .......... ...................._......__.............. X 10 At any time during calendar year 2008, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such a:s a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of f=oreign Bank and Financial Accounts. If'Yes;' enter the name of the foreign country. - X 11 At any time during the titx year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes; the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions ..____-. _ X 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? ___________ __ _ _____ __ X See instructions for details regarding a section 754 election. b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes;' attach a statement showing the computation and allocation of the basis adjustment See instructions X c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If "Yes," attach a statement showing the computation and allocation of the basis adjustment See insVuctians .._ ..................._....._...................._............-....................._......._.._..........._.......... X 13 Check this box if, during the current or prior tax year, the partnership disVibuted any property received in a like-kind exchange or contributed such property to another entity (including a disregarded entity) ._._._.._._ ..............._ - 14 At any time during the tax year, did the partnership distribute to any partner atenancy-in-common or other undivided interest in partnership pf0pe~ ....._..._ ................_......_.........--........._...... _................. - ..... ___._._........- ._...... X 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions - 16 Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. - X 17 Enter the number of Forrns 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. - Designation of Tax Matters Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP - American Beech Investments, LLC number of TMP - 20-2419541 Address of 628 Brad Street designated TMP - Shippensburg , PA 17 2 5 7 Form 1065 (2008) 911021 12-31-OB Form 1065 2008) Beech Tree Investments, LP 20--2420101 Page4 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary busine>s income (loss) (page 1, line 22) . _-..--..-_.._ 1 0 . 2 Net rental real estate income (loss) (attach Form 8825) _......._.......__...._...__._......._.._..__.-...__......_.._ 2 3 a Other gross rental income (loss) ............................................................ 3a b Expenses from other rental activities (attach statement) .-..._.- _---_.... 3b c Other net rental income (loss). Subtract line 3b from line 3a ___ ._ .......... ........... .._ -.-_ ............................ 3c H 4 Guaranteed payrnents ._......._......... - - ......................_. _._. 4 J 5 interest income .........__..__._ ....................._......._.__.___...-- .-.-.S.e_e _ Stat.emen.t....l._.._.... 5 42 , 871 . ;, 6 Dividends: a Ordinary dividends .........._......._............_ ................S.e.4'....5.~.3~.e.IXt4.Ix1~--.-2-.-_-..-. 6a 450, 594. ~ o b Oualifieddividends .................. 6b 425 070. _.... __....._ ................. 7 Royalties 7 8 Net short-term capital gain(loss)(attachScheduleD(Form1065)).-._.._._.....-..__ .................._.._._..... ,.. 8 <185,305.: 9 a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) .._ _...- _. 9a 16 4 , 8 6 5 . b Collectibles (28°rb) gain (loss)..._._.-......._._...._.....-------.--..-.. _ ............._ 9b e Unrecapturedsection 1250 gain (attach statement) ................................. 9c 10 Net section 1231 gain (loss)(attach Form 4797)______________ __ _____ __ _____ __ __ _.._______-._- _.- __ ___ _ 10 11 Other income (loss) (see instructions) Type - 11 H 12 Section 179 deduction (attach Form 4562) .............._-.._-_-. _.-,.-..- 12 = o 13 a Contributions _._........_....._..._......__ .....................................- -............... - - - 13a b Investment inten,st ex ense P _.. ..............._............_......... 13b ~ c Section 59(e)(2) expenditures: (1)Type- (2)Amount- 13c(2) ~ d Other deductions (see instructions) Type ~ Stmt 3 13d 3 3 , 121. ,~ oy c 14 a Netearnings {loss) from self-employment _........__.._........._.._ ..............._..........-.....__._ .. -..............--. 14a 0 . . ~ £ ~ b Gross farming or fishing income - ........__...... - __ ~ -......._ _._............ 14b w c Gross nonfarm income _.._ ---- - - ......_....--.._...._......-.. _ .. ............... 14c 15 aLow-income housing credit (section 420)(5)) ...................................._......._..-.. _........_..... _......_--.--...... 15a H bLow-income housing credit (other) _-_.__--__ ...................... 15b a c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) __._.__-__..-_ ................................ 15c v ~j d Other rental real estate credits (see instructions) Type - 15d e Other rental credits (see instructions) Type - 15e f Other credits (see instructions) Type - 15f 16 a Name of country or U.S. possession - b Gross incomeframallsources ........... ...._._.........___...._._.-__-__-._.....See Statement 7 isb 678, 067. w c Grossincomesourcedatpartnerlevel _-. -._. -. -_-.._.-____________________________-- .. 16c o Foreign gross income sourced at partnership level d ategory - _ e General category ...... - 2 , 0 3 2 . f Other .-._.. - i6f Deductions allocated and apportioned at partner level r`- g Interest expense - h Other - i6h a~ ' Deductions allocated and apportioned at partnership level to foreign source income y o Passive r category -_ j General category ...... - k Other ...-_. - 16k I Total foreign taxes (check one): - Paid OX Accrued 0 __......_._...........___......_ 161 267. mReduction in taxes available for credit (attach statement) _...._..__._-._-- 16m n Other foreign tax information(attachstatement) ...................._................_._._...._....._._._...........-_...__. X it a Post-1986 depreciation adjustment ......................................................... .. ............ ... ... ... ... . 17a y i~ £ b Adjusted gain or loss 17b c De letion other than oil and as a; ~~ d Oil, gas, and geothermal properties- gross income _____________________ 17d Qua e0il,gas,andgeothermalproperties-deductions ................................................... .. . ._ .. 17e f Other AMT items (attach statement) ... ......... _....... _S.e.e ..S.t.a.t.Q.~CI~A.t .4--.--.--.. 17f 19 , 7 3 7 . 18 aTax-exempt interest income See Statement 5 __........._ ................- .............._........................_ - isa 19 , 737 . ~ o b Other tax-exempt income .......................... 1gb ~~ c Nondeductibleexpenses .............................................. S_e2 . Statement 6 18c 1 297 . $ 19 a Distributions of cash and marketable securities .... ____ _ 19a 2 3 , 211. ~ b DistributiansofotherproPerlY -. ... _._.......__.........._ ................._.........................._._.. __------...._.... 19b 185 , 018 . d 20 a Investment incorrre 20a 4 9 3 4 6 5. p b Investment expenses 20b 3 3 121 . c Other items and amounts (attach statement) ........................................_--.---......._------.--..-.-------.--.-.-- a11oa1 Form 1065 (2008) 12-31-08 Form1o65(2008) Beech Tree Investments, LP 20--2420101 Pages Analysis of Net Income (Loss) 1 Net income (loss). Combine Schedule K, lines 1 through 11. =rom the result, subtract the sum of Schedule K, lines 12 through 13d, and 161 ............... 1 4 3 9 , 6 3 7 . 2 Analysis by partner type: a General partners b Limited partners (i) Corporate (ii) Individual (active) (iii) Individual (passive) (iv) Partnership (v) Exempt organization vl Nominee/Other ( ) 1,136. 438,501. ~ ..Schedule L ~ Balance Sheets per Books Assets Beginning of tax year End of t<tx year t Cash ......._..._..._...... _. 787, U36. 188, 202. 2a Trade notes and accounts receivable b Less allowance for bad liebts 3 Inventories 4 U.S.governmentobligations .................._ 5 Tax-exempt securities 6 Other current assets (attach statement) __. Statement 8 8 6 0. 8 6 0. 7 Mortgage and real estate loans 8 Other investments (attach statement) .___ Statement 9 3 , 722 , 274. 5 , 10 6 , 901 . 9a Buildings and other depreciable assets b Less accumulated depreciation _... 10a Depletableassets ,._, _ b Less accumulated depletion ..................... 11 Land (net of any amortization) ........,.___._. 12a Intangible assets (amortizable only) ...__._. b Less accumulated amoriization 13 Other assets (attach statement) ............._ ' 14 Total assets ..... _ _.. 4 , 510 ,17 0 . 5 , 2 9 5 , 9 6 3 . Liabilities and Capital 15 Accounts payable ._... ' 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities (attach statement) ' 18 All nonrecourse loans ........................... 19 Mortgages, notes, bonds payahle in 1 year or more 20 Other liabilities (attach statement) __._._. 21 Partners'capitalaccounts.._._ ................. 4,510,170. 5,295,963. 22 Total liabilities and capital .... .. 4 , 510 , 17 0 . 5 , 2 9 5 , 9 6 3 . Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M-3 may be required instead of Schedule M-1 (see instructions). 1 Net income (loss) per books _ _ __._.. 4 5 8 , 0 7 7 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 19 , 7 3 7 . this year (itemize): _ 19 , 7 3 7 . 3 Guaranteed payments (other than health insurance) .. 7 Deductions included on Schedule K, lines 1 through 13d, and 161, not charged against 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 161(itemize): book income this year (itemize): a Depreciation $ a Depreciation $ b Travel and entertainment $ 8 Add lines 6 and 7 __ _ _ _ _..._ - 19 , 7 3 7 . S tmt 12 1 , 2 9 7 . 1 , 2 9 7 . 9 Income (loss) (Analysis of Net Income (Lass), . 5 Add lines 1 through 4 .................................... 4 5 9, 3 7 4. line 1). Subtract line 8 from line 5 ................. 4 3 9, 6 3 7. Schedule M-2 Analysis of Partners' Capital Accounts -- 1 Balance at beginning of year __...._..______._______ 4, 510, 170. 6 Distributions: aCash _..-.._.._______. __ 23, 211. 2 Capital contributed: a Cash _. _ 5 8 , 7 4 3 . b Property ... _. _ ... 18 5 , 018 . bPnoperty __________________ 477, 202. 7 Other decreases (itemize): 3 Net income (lass) per books ............. ......._ 458 , 077 . 4 Other increases (itemize): 8 Add lines 6 and 7 2 0 8 2 2 9. 5 Addlineslthrough4 .._._......_.._ .................. 5,504,192. 9 Balance at end of year. Subtract lineSfromline5 5,295,963. 1231-08 Form 1065 (2008) SCHEDULED Capital Gains and Losses (Form 1065) Department of the Treasury - Attach to Form 1065. Internal Revenue Service OMB No. 1545-0099 2008 Beech Tree Investments, LP 20-2420101 Part I Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 shares of "Z' Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1 See Statement 13 712,839. 898,144. <185,305.: 2 Short-term capital gain from installment sales from Form 6252, line 26 or 37 ................................................................... ...... 2 3 Short-term capital gain (loss) from like-kind exchanges from Form 8824 ___________________--___..._. __ .__.___. -_._.-._.-__._ -__ __.__ ...._. 3 4 Partnership's share of riet short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships,estates, andtrusts.._.._._.___._______._._.,.__..___.__ _. ._.._-.--__ __ _..._....__._ 4 5 Net short-term capital gain or (loss). Combine lines 1 through 4 in column (f). Enter here and on Form 1065, Schedule K, line 8 or 11 ........._ ..........................._ -..... ....................- 5 <18 5 , 3 0 5 . ,Part II ~ Long-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (Example: 100 shares of'Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rlce () p (e) Cost or other basis (f) Gain or {loss) Subtract {e) from (d) 6 See Statement 14 1,669,688. 1,506,228. 163,460. 7 Long-term capital gain from installment sales from Form 6252, line 26 or 37 7 8 Long-term capital gain (loss) from like-kind exchanges from Form 8824 8 9 Partnership's share of net long-term capital gain {loss), including specially allocated long-term capital gains {losses), from other partnerships, estates, and trusts 9 10 Capital gain distributions ___._-..-._-. ___...- ..._.. __...._._.__ ._..__..._.. _ _._._......._.. _ to 5 . 11 Net Iang-term capital gain or (lass). Combine liners 6 through 10 in column (f). Enter here and on Form 1065, Schedule K, line 9a or 11 ....- .__..... ~ _ _ ................. - - ._.. 11 164 , 8 65 . LHA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule D (Form 1065) 2008 stt m t2-st-aa Beech Tree Investments, IMP 20-2420101 Schedule K Interest Income Statement 1 Description U.S. Bonds Other Orrstown Bank 15,984. Orrstown Bank 26,887. Total to Schedule K, Line ~i 26,887. 15,984. Schedule K Dividend Income :statement 2 Ordinary Qualified Description Dividends Dividends Orrstown Bank 450,594. 425,070. Total to Schedule K, Lines 6a & 6b 450,594. 425,070. Schedule K Deductions Related to Portfolio Income ~~tatement 3 Description Amount Professional Fees 5,465. Investment Expense From Form 1099-DIV 26,690. Miscellaneous Inve stment Expenses 966. Total included on Schedule K, Line 13d 33,121. Schedule K Other Adjustments and Tax Preference Items Statement 4 Description Adjusted current earnings from the partnership Total to Schedule K, Line 17f Amount 19,737. 19,737. Statement(s) 1, 2, 3, 4 Beech Tree Investments, LP 20-2420101 Schedule K Tax-Exempt Interest Income Statement 5 Description Orrstown Bank Orrstown Bank Total to Schedule K, line 18a Amount 15,506. 4,231. 19,737. Schedule K Nondeductible Expense ~~tatement 6 Description Investment Expenses Allocated to Tax Exempt Income Total to Schedule K, Line 1.8c Amount 1,297. 1,297. Statement(s) 5, 6 Beech Tree Investments, L,P 20-2420101 Schedule K Gross Income from All Sources ~~tatement 7 Income Type Dividends/Distri:butions Interest Capital Gains Trade or Business Rent/Royalty State/Local Refunds Partnership/S Corporation Trust/Estate Other Income Nontaxable Income Total to Schedule K, Line 1.6b Total Schedule L Other Current Assets ~~tatement 8 Description Account Receivable - Partners Total to Schedule L, Line 6 Beginning of End of Tax Tax Year Year 860. 860. 450,594. 42,871. 164,865. 0. 0. 0. 0. 0. 0. 19,737. 678,067. 860. 860. Schedule L Other Investments ~~tatement 9 Description Beginning of Tax Year End of Tax Year U.S. Government Agency Obligations Municipal Bonds and Notes Corporate Bonds and Notes Mutual Funds Common Stocks Total to Schedule L, Line 8 739,214. 480,846. 182,398. 2,319,816. 249,440. 807,476. 421,267. 232,905. 3,395,813. 3,722,274. 5,106,901. Statemen.t(s) 7, 8, 9 Beech Tree Investments, IMP 20-2420101 Form 1065 Partners' Capital Account Summary Statement 10 Partner Beginning Capital Schedule M-2 With- Ending Number Capital Contributed Lns 3, 4 & 7 drawals Capital 1 44,613. 1,320. 232. 45,701. 2 4,095,519. 204,968. 19,969. 4,280,518. 3 74,499. 0. 74,499. 0. 4 74,501. 238,644. 134,152. 1,505. 445,792. 5 110,519. 0. 110,519. 0. 6 110,519. 297,301. 117,637. 1,505. 523,952. Total 4,510,170. 535,945. 458,077. 208,229. 5,295,963. Statement(s) 10 Beech Tree Investments, I,P 20-2420101 Form 1065 Summary of Partners' Effective Ratios Statement 11 Partner No. Name of Partner 1 American Beech Investments, LLC 2 Helen F Crouse 3 Jean C Ritchie 4 Philip M Ritchie, and Jean C. Ritchie 5 Tace Crouse 6 James R Crouse, and Tace Crouse Computed Percentage .010000000 .859008000 .000000000 .065496000 .000000000 .065496000 Total 1.000000000 Statement(s) 11 Beech Tree Investments, LP 20-2420101 Schedule M-1 Expenses Recorded on Books Not Deducted in Return Statement 12 Description Investment Expenses Allocated to Tax Exempt Income Total to Schedule M-1, Line 4 Amount 1,297. 1,297. Schedule D Short--Term Capital Gains and Losses ~~tatement 13 Date Date Sales Cost or Gain or Description Acquired Sold Price Basis Loss 100 Streettracks Gold 05/09/07 03/14/08 9,850. 6,719. Tracking 3,131. 200 American Vanguard 04/27/07 03/24/08 3,150. 2,950. Corporation 200. 100 Wachovia Corporation 07/25/07 03/26/08 2,816. 4,849. 2nd New <2,033.> $ 50,000 Federal 06/28/07 03/28/08 48,506. 50,000. Ultrashort Bond <1,494.> 100 Fortune Brands, Inc. 04/04/07 04/03/08 7,318. 7,844:. <526.> 200 Spider S & P Oil & 08/03/07 04/04/08 8,233. 7,309. Gas 924. 100 Boeing Company 10/19/07 04/09/08 7,670. 9,462. <1,792.> 200 Automatic Data 07/24/07 04/10/08 8,571. 9,494:. Processing, Inc. <923.> 100 Automatic Data 07/25/07 04/10/08 4,285. 4,699. Processing, Inc. <414.> 100 Jacobs Energy Group, 07/26/07 04/11/08 7,878. 5,999. Inc. 1,879. 100 Kraft Foods, Inc. 07/26/07 04/10/08 3,112. 3,449. Class A <337.> 75 Sun Miscrosystems, 07/25/07 04/10/08 1,151. 1,572. Inc. <421.> 100 Sun Miscrosystems, 07/26/07 04/10/08 1,535. 2,044. Inc. <509.> 100 Lions Gate 07/27/07 04/10/08 980. 1,099. Entertainment <119.> 300 Lions Gate 08/06/07 04/10/08 2,939. 2,973. Entertainment <34.> 200 Aecom Technology 10/19/07 04/10/08 5,218. 6,764. Corporation <1,546.> 200 Aecom Technology 01/18/08 04/10/08 5,218. 4,848. Corporation 370. 200 Apache Corporation 03/26/08 04/16/08 27,926. 23,610. 4,316. 200 Spider S & P Oil & 08/03/07 04/16/08 8,627. 7,309. Gas 1,318. 200 Schlumberger LTD 10/19/07 04/16/08 18,616. 19,950. <1,334.> Statement(s) 12, 13 Beech Tree Investments, I,P 20-2420101 100 Schlumberger LTD 03/04/08 04/16/08 9,308. 8,439. 869. 200 Encana Corporation 03/26/08 04/16/08 16,838. 15,252. 1,586. 200 American Vanguard 04/27/07 04/18/08 3,450. 2,950. Corporation 500. 100 Spider S & P Oil & 08/03/07 04/22/08 4,498. 3,655. Gas 843. 200 United Technologies 01/18/08 04/23/08 14,240. 13,732;. Corporation 508. 100 Schlumberger LTD 03/04/08 04/25/08 10,106. 8,439. 1,667. 100 Spider S & P 500 06/25/07 04/30/08 13,943. 14,956. Index <1,013.> 100 E-Bay, Inc. 05/14/07 05/02/08 3,098. 3,375. <277.> 200 E-Bay, Inc. 05/16/07 05/02/08 6,196. 6,579. <383.> 100 Kellogg Company 04/11/08 05/05/08 5,227. 5,214,. 13. 100 Celegene Corporation 08/10/07 05/14/08 6,113. 5,975. 138. 200 Companhia Va:1e, Inc. 06/25/07 05/15/08 8,395. 4,450. 3,945. 100 Lowes Companies, Inc. 07/25/07 05/20/08 2,372. 2,899. <527.> 100 Capanhia Vale, Inc. 06/25/07 05/21/08 4,199. 2,225. 1,974. 100 Capanhia Vale, Inc. 05/24/07 05/21/08 4,199. 2,108. 2,091. 100 Metlife, Inc. 07/25/07 05/29/08 6,052. 6,349. <297.> 100 Market Vectors 04/29/08 06/03/08 6,223. 5,907. 316. 100 Spider S & P Oil & 08/03/07 06/03/08 4,754. 3,655. Gas 1,099. 100 Apple, Inc. 06/12/08 08/08/08 16,814. 17,575. <761.> 100 Apple, Inc. 06/13/08 08/08/08 16,814. 16,975. <161.> 100 Middleby Corporation 05/07/08 09/19/08 6,394. 6,258. 136. 200 Middleby Corporation 05/08/08 09/19/08 12,788. 11,266. 1,522. 200 American Vanguard 05/16/08 09/19/08 3,392. 2,900. Corporation 492. 352 Coca Cola Company 03/26/08 10/06/08 17,649. 21,643. <3,994.> 100 Coca Cola Company 04/18/08 10/06/08 5,014. 6,000. <986.> 500 Dicks Sporting Goods, 06/25/08 10/06/08 8,320. 9,709. Inc. <1,389.> 800 Dicks Sporting Goods, 07/11/08 10/06/08 13,312. 12,992. Inc. 320. 200 Encana Corporation 03/26/08 10/06/08 10,110. 15,252. <5,142.> 100 Encana Corporation 08/22/08 10/06/08 5,055. 7,256. <2,201.> 100 Hansen National 05/07/08 10/06/08 2,833. 3,574. Corporation <741.> 200 Hansen National 05/05/08 10/06/08 5,666. 7,050. Corporation <1,384.> 200 Hansen National 05/08/08 10/06/08 5,666. 5,950. Corporation <284.> 100 Johnson & Johnson 04/11/08 10/06/08 6,389. 6,616. <227.> 200 Microsoft Corporation 05/06/08 10/06/08 4,974. 5,896. <922.> 300 Tim Hortons, Inc. 04/24/08 10/06/08 7,800. 10,132. <2,332.> 200 US Bancorp Del 06/06/08 10/06/08 6,998. 6,550. 448. 2,752.293 Federated 04/10/08 11/04/08 26,780. 30,000. Municipal Securities Income Trust <3,220.> 100 Caterpillar, Inc. 06/06/08 11/04/08 4,144. 8,085. <3,941.> 100 Eaton Corporation 08/22/08 11/04/08 4,656. 7,157. <2,501.> 100 Harsco Corporation 04/23/08 11/04/08 2,490. 6,000. <3,510.> 200 Harsco Corporation 03/04/08 11/04/08 4,980. 11,302. <6,322.> Statement(s) 13 Beech Tree Investments, LP 20-2420101 100 Harsco Corporation [17/02/08 11/04/08 2,490. 5,18[1. <2,690.> 100 Honeywell 04/09/08 11/04/08 3,251. 5,804. International, I:nc. <2,553.> 100 Honeywell [12/29/08 11/04/08 3,251. 5,8001. International, I:nc. <2,549.> 100 Middleby Corpora tion 08/21/08 11/04/08 4,048. 5,33i'. <1,289.> 200 Parker Hannifin 05J21/08 11/04/08 8,062. 16,642. Corporation <8,580.> 400 Powershares 'Wate r 04/14/08 11/04/08 5,752. 7,800. Resource <2,048.> 100 3M Companies 03/04/08 11/04/08 6,457. 7,826. <1,369.> 100 Oceaneering 08/21/08 12/18/08 2,498. 6,086. International, I:nc. <3,588.> 300 Ingersoll-Rand 1.1/12/08 12/22/08 4,708. 4,491.. Company LTD 217. 1,000 Noble Corporat ion 1.0/06/08 12/22/08 20,558. 32,730. <12,172.> 300 Noble Corporatio n3 11/05/08 12/22/08 6,167. 9,701.. <3,534.> 100 CME Group, Inc. 09/05/08 12/22/08 19,416. 32,694:. <13,278.> 1,100 Corning, Inc. 11/05/08 12/22/08 9,352. 12,705. <3,353.> 500 EMC Corporation 01/18/08 12/22/08 5,070. 8,585. <3,515.> 2,000 EMC Corporatio n 05/02/08 12/22/08 20,280. 32,159. <11,879.> 500 EMC Corporation 04/21/08 12/22/08 5,070. 8,000. <2,930.> 300 EMC Corporation 05/06/08 12/22/08 3,042. 4,761. <1,719.> 100 ING Group 05/30/08 12/22/08 967. 3,841. <2,874.> 300 ING Group 06/06/08 12/22/08 2,902. 11,052. <8,150.> 200 ING Group 06/12/08 12/22/08 1,935. 6,932. <4,997.> 100 ING Group 07/01/08 12/22/08 967. 3,116. <2,149.> 100 ING Group 08/21/08 12/22/08 967. 3,053. <2,086.> 100 ING Group 09/25/08 12/22/08 967. 2,757. <1,790.> 100 Mastercard 05/30/08 12/22/08 14,296. 30,729. Incorporated <16,433.> 100 Mastercard 05/21/08 12/22/08 14,296. 28,002. Incorporated <13,706.> 50 Oceaneering 08/21/08 12/22/08 1,301. 3,043. International, Inc. <1,742.> 100 Oceaneering 09/25/08 12/22/08 2,603. 5,861. International, Inc. <3,258.> 750 Oceaneering 10/06/08 12/22/08 19,521. 27,068. International, Inc. <7,547.> 100 Oceaneering 10/06/08 12/22/08 2,603. 3,369. International, Iric. <766.> 100 Research in Motion 05/30/08 12/22/08 4,097. 13,922. LTD <9,825.> 100 Research in Motion 06/25/08 12/22/08 4,097. 13,858. LTD <9,761.> Total to SchedulE~ D, Line 1 712,839. 898,144. <185,305.> Statement(s) 13 Beech Tree Investments, LP 20-2420101 Schedule D Long -Term Capital Gains and Losses Statement 14 Date Date Sales Cost or Gain or Description Acquired Sold Price Basis Loss 100 Activision, Inc. New 10/04/02 01/18/08 2,697. 477. 2,220. $ 20,000 FHLB 5.1)0 09/12/05 01/28/08 20,000. 20,000. 0. $ 50,000 FHLB 4.53 08/05/05 02/28/08 50,000. 50,000. 0. 100 Jones Soda Company 09/22/05 03/11/08 282. 550. <268.> 100 Jones Soda Company 10/25/05 03/11/08 282. 545. <263.> 200 Jones Soda Company 10/05/05 03/11/08 564. 1,039. <475.> 100 Jones Soda Company 08/01/05 03/11/08 282. 514. <232.> 100 Rofin Sinar 05/15/06 03/18/08 4,150. 2,680. Technologies, Inc. 1,470. 100 Allstate Corporation 09/09/05 03/26/08 4,796. 5,400. <604.> 100 Rofin Sinar 05/15/06 03/28/08 4,278. 2,680. Technologies, Inc. 1,598. 100 Fortune Brands, Inc. 09/16/05 04/03/08 7,318. 8,500. <1,182.> 100 Fortune Brands, Inc. 09/20/05 04/03/08 7,318. 8,270. <952.> 200 Fortune Brands, Inc. 05/10/06 04/03/08 14,636. 16,010. <1,374.> 200 Fortune Brands, Inc. 06/06/06 04/03/08 14,636. 14,380. 256. 100 Fortune Brands, Inc. 10/19/04 04/03/08 7,318. 6,626. 692. 500 Altria Group,, Inc. 06/11/91 04/10/08 10,690. 1,283. 9,407. 600 Cisco Systems, Inc. 01/02/97 04/10/08 14,431. 4,291. 10,140. 200 Cisco Systems, Inc. 02/28/97 04/10/08 4,810. 1,254. 3,556. 200 Holly Corporation 06/08/06 04/10/08 9,278. 7,624. 1,654. 800 Intel Corporation 01/02/97 04/10/08 17,777. 5,614. 12,163. 100 Jacobs Energy Group, 04/28/06 04/10/08 7,878. 4,100. Inc. 3,778. 50 Jacobs Energy Group, 05/17/06 04/10/08 3,939. 2,012. Inc. 1,927. 1,038 Kraft Foods, Inc. 06/11/91 04/10/08 32,302. 4,205. Class A 28,097. 400 Microsoft Corporation 12/16/92 04/10/08 11,693. 1,083. 10,610. 500 Philip Morris 06/11/91 04/10/08 24,501. 2,923. International, Inc. 21,578. 500 Wal Mart Stox-es, Inc. 01/10/84 04/10/08 27,500. 637. 26,863. 400 Hershey Food: 06/07/96 04/10/08 15,293. 3,899. Corporation 11,394. 300 Hershey Foods 07/10/91 04/10/08 11,470. 1,694. Corporation 9,776. 100 Zimmer Holdings, Inc. 11/18/05 04/11/08 7,826. 6,398. 1,428. 100 Chesapeake Energy 02/10/06 04/16/08 5,052. 2,945. Corporation 2,107. 100 Peets Coffee & Tea, 09/06/05 04/21/08 2,333. 3,009. Inc. <676.> 300 Peets Coffee & Tea, 12/02/03 04/21/08 7,000. 4,875. Inc. 2,125. 100 Peets Coffee & Tea, 1:1/17/03 04/21/08 2,333. 1,590. Inc. 743. 100 United Technc>logies 06/19/06 04/23/08 7,120. 6,103. Corporation 1,017. Statement(s) 14 Beech Tree Investments, LAP 20-2420101 100 United Technologies 09/14/05 04/23/08 7,120. 5,100. Corporation 2,020. 200 E-Bay, Inc. 04/18/07 05/02/08 6,196. 6,897. <701.> 200 E-Bay, Inc. 05/05/06 05/02/08 6,196. 6,630. <434.> 200 E-Bay, Inc. 04/19/07 05/02/08 6,196. 6,616. <420.> 100 E-Bay, Inc. 05/18/06 05/02/08 3,098. 2,975. 123. $ 50,000 FHLB 5.40 05/03/07 05/15/08 50,000. 49,856. 144. 100 Celegene Corporation 06/19/06 05/14/08 6,113. 4,272. 1,841. 100 Celegene Corporation 05/15/06 05/14/08 6,113. 4,010. 2,103. $ 50,000 FHLB 5.25 05/14/07 05/22/08 50,000. 50,000. 0. 200 Activision, :Inc. New 10/04/02 05/20/08 6,492. 977. 5,515. $ 50,000 FHLB 5.55 05/03/07 05/29/08 50,000. 50,000. 0. 300 Capanhia ValE~, Inc. 05/24/07 06/03/08 11,480. 6,324. 5,156. 200 Spider Gold '.Prust 05/09/07 06/03/08 17,373. 13,448. Gold 3,925. 300 Team, Inc. 04/12/06 06/05/08 9,882. 4,761. 5,121. 100 Spider Gold Trust 05/09/07 06/30/08 9,124. 6,724. Gold 2,400. 50 Aeropostale, Inc. 04/13/04 07/01/08 1,627. 731. 896. 100 Under Armour, Inc. 05/01/07 07/11/08 2,486. 4,599. Class A <2,113.> 700 Under Armour, Inc. 05/03/07 07/11/08 17,403. 31,475. Class A <14,072.> 100 Activision Blizzard, 10/04/02 07/30/08 3,520. 489. Inc. 3,031. $ 20,000 FHLB 5.625 01/24/07 08/14/08 20,000. 20,000. 0. $ 25,000 CarlislE. PA 10/20/05 09/01/08 25,000. 25,000. 3.50 0. 100 Spider Gold Trust 05/21/07 09/19/08 8,481. 6,535. Gold 1,946. 100 Spider Gold Trust 05/17/07 09/19/08 8,481. 6,525. Gold 1,956. 100 Spider Gold Trust 05/29/07 09/19/08 8,481. 6,500. Gold 1,981. 100 Raven Industries, 02/27/07 09/19/08 4,577. 2,963. Inc. 1,614. 100 Raven Industries, 04/30/07 09/19/08 4,577. 2,893. Inc. 1,684. 200 American Vanguard 05/08/07 09/19/08 3,392. 2,899. Corporation 493. 100 Bank of America 01/18/01 09/19/08 3,550. 2,459. Corporation 1,091. 100 Team, Inc. 04/12/06 09/22/08 3,900. 1,587. 2,313. 200 Team, Inc. 06/13/06 09/22/08 7,800. 3,125. 4,675. 200 Team, Inc. 05/03/06 09/22/08 7,800. 3,015. 4,785. 1,000 Philip Morris 06/11/91 09/24/08 49,901. 5,846. International, Inc. 44,055. 100 Thomas & Bettis 0.5/24/06 10/02/08 3,466. 5,460. Corporation <1,994.> 200 Thomas & Bettis 06/13/06 10/02/08 6,932. 9,842. Corporation <2,910.> 100 Thomas & Betts 0'7/25/06 10/02/08 3,466. 4,572. Corporation <1,106.> Statement(s) 14 Beech Tree Investments, I,P 100 Garmin LTD 100 Garmin LTD 100 Garmin LTD 100 Garmin LTD 100 Garmin LTD 200 Activision Blizzard, Inc. 100 Aeropostle, :Inc. 1,000 Altria Group, Inc. 400 American Vanguard Corporation 100 Coca Cola Company 48 Coca Cola Company 100 Coca Cola Company 100 Coca Cola Company 200 Dicks Sporting Goods, Inc. 800 Dicks Sporting Goods, Inc. 200 Duke Energy Corporation 100 Encana Corporation 100 Google, Inc. 100 Google, Inc. 100 Google, Inc. 100 Google, Inc. 300 Hansen National Corporation 200 Jacobs Energy Group, Inc. 50 Jacobs Energy Group, Inc. 200 Jacobs Energy Group, Inc. 100 Johnson & Johnson 100 Johnson & Johnson 900 Jones Soda Company 500 Jones Soda Campany 200 Jones Soda Company 100 L-3 Communications Holdings, Inc. 100 L-3 Communica~.tions Holdings, Inc. 100 L-3 Communications Holdings, Inc. 600 Microsoft Corporation 600 Microsoft Corporation 100 NYSE Euronext 100 NYSE Euronext 100 NYSE Euronext 100 NYSE Euronext 100 NYSE Euronext 100 NYSE Euronext 20-2420101 01/18/07 10/06/08 2,843. 5,033. <2,190.> 08/21/06 10/06/08 2,843. 4,550. <1,707.> 08/24/06 10/06/08 2,843. 4,388. <1,545.> 09/07/06 10/06/08 2,843. 4,342. <1,499.> 09/11/06 10/06/08 2,843. 4,175. <1,332.> 10/04/02 10/06/08 2,396. 489. 1,907. 04/13/04 10/06/08 2,716. 1,461.. 1,255. 06/11/91 10/06/08 19,010. 2,565. 16,445. 08/18/05 10/06/08 4,$09. 5,455. <646.> 06/04/07 10/06/08 5,014. 5,250. <236.> 02/06/02 10/06/08 2,407. 2,198. 209. 09/20/05 10/06/08 5,014. 4,300. 714. 06/30/05 10/06/08 5,014. 4,175. 839. 06/27/06 10/06/08 3,328. 3,775. <447.> 03/13/03 10/06/08 13,312. 4,432. 8,880. 08/18/05 10/06/08 3,368. 3,252. 116. 08/06/07 10/06/08 5,055. 5,898. <843.> 04/19/07 10/06/08 36,723. 47,346. <10,623.> 05/08/07 10/06/08 36,723. 46,500. <9,777.> 05/08/07 10/06/08 36,723. 46,500. <9,777.> 03/13/07 10/06/08 36,723. 44,450. <7,727.> 02/10/05 10/06/08 8,499. 1,437. 7,062. 05/24/06 10/06/08 7,960. 7,493. 467. 06/06/06 10/06/08 1,990. 1,894. 96. 06/06/06 10/06/08 7,960. 7,575. 385. 01/20/06 10/06/08 6,389. 6,100. 289. 03/13/07 10/06/08 6,389. 6,104. 285. 08/01/05 10/06/08 1,080. 4,622. <3,542.> 08/02/05 10/06/08 600. 2,557. <1,957.> 1.2/01/05 10/06/08 240. 1,021. <781.> 1:1/04/05 10/06/08 9,162. 7,700. 1,462. 12/19/05 10/06/08 9,162. 7,115. 2,047. 05/13/05 10/06/08 9,162. 6,545. 2,617. 12/16/92 10/06/08 14,923. 1,625. 13,298. 12/16/92 10/06/08 14,923. 1,624. 13,299. 02/12/07 10/06/08 3,105. 8,969. <5,864.> 02/12/07 10/06/08 3,105. 8,969. <5,864.> 04/23/07 10/06/08 3,105. 8,813. <5,708.> 02/28/07 10/06/08 3,105. 8,300. <5,195.> 05/01/07 10/06/08 3,105. 8,282. <5,177.> Obi/10/07 10/06/08 3,105. 8,210. <5,105.> Stai~ement(s) 14 Beech Tree Investments, LAP 20-2420101 100 NYSE Euronext 05/08/07 10/06/08 3,105. 8,207. <5,102.> 100 NYSE Euronext 06/18/07 10/06/08 3,105. 7,95[1. <4,845.> 100 NYSE Euronext 07/25/07 10/06/08 3,105. 7,499. <4,394.> 100 Powershares :EFT Trust 1.2/21/06 10/06/08 1,312. 1,88[). International <568.> 100 Raven Industries, 09/26/03 10/06/08 3,267. 1,268. Inc. 1,999. 100 Raven Industries, 03/28/07 10/06/08 3,267. 2,775. Inc. 492. 100 Raven Industries, 04/30/07 10/06/08 3,267. 2,893. Inc. 374. 400 Rofin Sinar 06/23/05 10/06/08 10,440. 6,373. Technologies, In~~. 4,067. 200 Rofin Sinar 06/19/06 10/06/08 5,220. 4,975. Technologies, Inc. 245. 400 Starbucks Corporation 04/25/03 10/06/08 5,085. 4,706. 379. 400 Team, Inc. 05/17/06 10/06/08 11,377. 5,209:. 6,173. 400 Team, Inc. 08/29/05 10/06/08 11,377. 3,858. 7,519. 100 3M Companies 01/30/07 10/06/08 6,212. 7,506. <1,294.> 200 Tim Hortons, Inc. 05/03/07 10/06/08 5,200. 6,410. <1,210.> 200 Tim Hortons, Inc. 05/04/07 10/06/08 5,200. 6,295. <1,095.> 300 Tim Hortons, Inc. 05/30/07 10/06/08 7,800. 9,409:. <1,604.> 200 Tim Hortons, Inc. 06/18/07 10/06/08 5,200. 6,233. <1,033.> 130 Tim Hortons, Inc. 02/09/07 10/06/08 3,380. 4,030. <650.> 500 Tim Hortons, Inc. 03/14/07 10/06/08 13,000. 14,638'. <1,638.> 270 Tim Hortons, Inc. 02/13/03 10/06/08 7,020. 2,651.. 4,369. 100 Vanguard Total Bond 06/05/07 10/06/08 7,503. 7,437'. Market ETF 66. 100 Vanguard Total Bond 07/12/07 10/06/08 7,503. 7,398. Market ETF 105. 100 Vanguard Total Bond 07/12/07 10/06/08 7,503. 7,398. Market ETF 105. $ 50,000 FHLB 5.:~5~ 05/14/07 10/14/08 50,000. 49,977. 23. $ 25,000 FHLB 6.00 05/11/06 11/04/08 24,813. 25,000. <187.> $ 25,000 FHLB 5.40 04/06/06 11/04/08 24,763. 25,000. <237.> $ 20,000 FFCB 5.20 04/26/06 11/04/08 20,190. 19,963. 227. 4,752.853 Federated Total 09/27/07 11/04/08 47,291. 50,000. Return Bond Institutional <2,709.> 272.272 Federated Total 06/28/07 11/04/08 2,709. 2,815. Return Bond Institutional <106.> 4,540.796 Vanguard State 12/18/06 11/04/08 44,046. 47,996. Investment <3,950.> 407.657 Vanguard State 06/28/07 11/04/08 3,954. 4,280. Investment <326.> 2.00 Dominion Resources, 01/12/07 11/04/08 7,226. 8,000. Inc. <774.> 100 Duke Energy 05/23/07 11/04/08 1,660. 2,000. Corporation <340.> 100 Duke Energy 06/05/07 11/04/08 1,660. 1,925. Corporation <265.> 200 Duke Energy 01/08/07 11/04/08 3,320. 3,750. Corporation <430.> 100 Powershares Water 03/19/07 11/04/08 1,438. 1,850. Resource <412.> Statement(s) 14 Beech Tree Investments, I,P 100 3M Companies 1.0/19/07 11/04/08 200 3M Companies C-1/30/07 11/04/08 200 3M Companies 06/30/05 11/04/08 100 3M Companies 08/10/05 11/04/08 $ 50,000 FHLB 5.258 05/14/07 11/21/08 200 Ingersoll-Rand 01/22/07 12/22/08 Company LTD 100 Ingersoll-Rand 09/19/05 12/22/08 Company LTD 100 Ingersoll-Rand 09/26/05 12/22/08 Company LTD 100 Ingersoll-Rand 09/22/06 12/22/08 Company LTD 200 Coach, Inc. 04/30/07 12/22/08 200 Coach, Inc. 07/25/07 12/22/08 100 Coach, Inc. 1.0/23/07 12/22/08 200 Corning, Inc. 07/25/07 12/22/08 200 Corning, Inc. 09/17/07 12/22/08 200 Darden Restaurants, 07/24/07 12/22/08 Inc. 100 Darden Restaurants, 07/25/07 12/22/08 Inc. 400 Darden Restaurants, 08/05/05 12/22/08 Inc. 200 Darden Restaurants, 08/16/05 12/22/08 Inc. 300 Darden Restaurants, 09/20/05 12/22/08 Inc. 100 Lowes Companies, Inc. 07/25/07 12/22/08 Total to SchedulE~ D, Line 6 20-2420101 6,457. 8,75Ei. <2,299.> 12,914. 15,012. <2,098.> 12,914. 14,647. <1,733.> 6,457. 7,200. <743.> 50,000. 50,000. 0. 3,138. 8,150. <5,012.> 1,569. 3,918. <2,349.> 1,569. 3,80]_. <2,232.> 1, 569. 3, 65Ei. <2,087.> 3,976. 9,894. <5,918.> 3,976. 9,798. <5,822.> 1,988. 3,83]_. <1,843.> 1,700. 4,90(1. <3,200.> 1,700. 4,70(1. <3,000.> 5,588. 8,69E~. <3,108.> 2,794. 4,299. <1,505.> 11,176. 13,3001. <2,124.> 5,588. 6,533. <945.> 8,382. 8,89(1. <508.> 2,090. 2,895. <809.> 1669688. 1506228. 163,460. Statement(s) 14 1 65118 Schedule K-1 'nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2D08, or tax "~`'"~ Department of the Treasury year beginning Part 111 Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) ~ See separate instructions. 16 Foreign transactions P rt I I f ti Ab t th P rt hi 3other net rental income (loss) 6 , 7 81 . a n orma on ou ners e a p 20. A Partnership's employer identification number 4Guaranteed payments 3 . 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 429. Beech Tree Investments, LP 6a0rdinarydividends 6 2 8 Brad Street 4 , 5 0 6 . 17 Alternative min tax {AMT) items Shippensburg , PA 17 2 5 7 6bQualified dividends C IRS Center where partnership filed return 4 , 2 51. Cincinnati, ('H 7Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) <1,853. nondeductible expenses * STMT rt II I f ti Ab t th P P rt 9aNet long-term capital gain (loss) * 13 . n orma on ner a ou e a <1,611. E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distrit~utions 232. 2 0 - 2 419 5 41 9c Unrecaptured sec 1250 gain F Partner's name, address„ city, state, and ZIP code 20 Other information 10Net section 1231 gain {loss) 4 , 9 3 5 . American Beech Investments, LLC 332. 628 Brad Street 110therincome(loss) * 269. Shippensburg, PA 17257 G X General partner or I_LC Limited partner or other LLC member-manager member H ~X Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner? Partnership 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 1.0000000°i° 1.0000000°~° Loss 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Capital 1.0000000% 1.0000000% 0. K Partner's share of liabilities at year end: Nonrecourse _ _._-_-..-________.._. _- $ 'See attached statement for additional inf ormation. Qualified nonrecgurse financing .. .... ........ $ Recourse . - _ _ _ _- - _... $ 0 . L Partner's capital account analysis: Beginning capital account $ 44 , 613. _..... Capital contributed during the year $ Current year increase (decrease) _._.....---_ $ 1, 320. Withdrawals&distributions __._. -_-_ __- $( 232) Ending capital account ..._.. $ 45 701. OX Tax basis ~ GAAP ~ Section 704(b) book Other (explain) ?, C o ~ ~ o " LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. s11zs1 12-31-06 Schedule K-1 (Form 1065) 2008 1 Beech Tree Investments, I,P 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Amount 55. 267. 10. Professional Fees Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Total to Schedule K-l, Box 13, Code L 332. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 155. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 42. Total to Schedule K-1, Box 18, Code A 197. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 13. Total to Schedule K-1, Box 18, Code C 13. Schedule K-1 Other Information, Box 20, Code X Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 269. Partner Number 1 Beech Tree Investments, IMP 20-2420101 Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Schedule K-1 income subtotal Portfolio deductions Foreign taxes Schedule K-:1 deductions subtotal Tax-exempt interest income Nondeductible expenses Other incre~sses or decreases subtotal Total to Schedule K-l, Item L Amount Totals 429. 4,506. <1,853.> <1,611.> 1,471. <332.> <3.> <335.> 197. <13.> 184. 1,320. Partner :Number 1 z 6517,8 Schedule K-1 ~nnR ~ Final K-1 ~ Amended K-1 OMB No. 1545-0099 trorm ~voo~ For calendar year 2008, or tax '~~`''" Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service g endin Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) - See separate instructions. 16 Foreign transactions Part I Information About the Partnershi 30ther net rental income (loss) 5 8 2 , 4 6 5 . p 1,746. A Partnership's employer identification number 4Guaranteed payments 2 2 9 . 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 36,826. Beech Tree Investments, LP 6a0rdinarydividends 628 Brad Street 387, 064. 17 Alternative min tax(AMT)items Shippensburg, PA 17257 6b0ualifieddividends C IRS Center where partnership filed return 3 6 5 ,13 8 . Cincinnati , OH 7Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) <159,179. nondeductible expenses * STMT Part II Information About the Partner 9aNet long-term capital gain (loss) * 1 , 114 . <4 6 , 9 0 5 . E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 19,969. 19 5- 3 2- 0 8 7 0 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code: 20 Other information 10Net section 1231 gain (loss) 4 2 3, 8 9 0. Helen F Crouse 28,450. 206 East Burd Street 110therincome(loss) * 23,096. Shippensburg, PA 17257 fi General partner or L.LC X Limited partner or other LLC member-manager member H ~X Domestic partner ~ Foreign partner 12Section 179 deduction I What type of entity is this partner? Indi V ldua 1 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 92. $210400% 85.9008000% Loss 9 2.8 210 4 0 0% 8 5. 9 0 0 8 0 0 0% 14Self-employment earnings (loss) Capital 92.8210400% 85.9008000% 0. K Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for additional informal:ion. Qualifiednonrecoursefinancing ........................ $ Recourse $ p , L Partner's capital account analysis: Beginning capital account ________________ $ 4 , 095 , 519. Capital contributed during the year $ Current year increase (der;rease) .-....-.. $ 2 0 4 , 9 6 8 . Withdrawals & distributions ) __ $( 19,969. Ending capital account __ .... ............._ $ 4, 280, 518. Tax basis ~ GAAP ~ Section 704(b) book Other (explain) ?~ o ~ ~ o " LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. 811261 12-31-DS Schedule K-1 (Form 1065) 2008 2 Beech Tree Investments, LP Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIv Miscellaneous Investment Expenses Total to Schedule K-1, Box 13, Code L Schedule K-1 Tax Exempt Interest, Box 18, Code A 20-2420101 Amount 4,694. 22,927. 829. 28,450. Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedule K-1, Box 18, Code A 13,320. 3,635. 16,955. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Investment Expenses Allocated to Tax Exempt Income Total to Schedule K-1, Box 18, Code C Amount 1,114. 1,114. Schedule K-1 Other Information, Box 20, Code X Description Partner Filing Instructions U.S. interest (part of In 5/6a) See state instructions Amount 23,096. Partner Number 2 Beech Tree Investments, I:,P 20-2420101 Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Schedule K-1 income subtotal Portfolio deductions Foreign taxes Schedule K-1 deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item L Amount Totals 36,826. 387,064. <159,179.> <46,905.> 217,806. <28,450.> <229.> <28,679.> 16,955. <1,114.> 15,841. 204,968. Partner :[umber 2 651108 Schedule K-1 ~nnQ 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) Por calendar year 2008., or tax `V V V Department of the Treasury year beginning Part I11 Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) - See separate instructions. 16 Foreign transactions 1 I f i h P Pa Ab hi 30ther net rental income (loss) n ormat on rt out t e artners p A Partnership's employer identification number 4Guaranteed payrnents 20-2420101 B Partnership's name, addlress, city, state, and ZIP code 5lnterest income Beech Tree Investments, LP 6a0rdinarydividends 6 2 8 Brad Street 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b0ualifieddividends C IRS Center where partnership filed return Cincinnati, SOH 7Royalties 18 Tax-e>:empt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses P t II I f ti Ab t th P rt 9aNet long-term capital gain (loss) ar n orma on ou e a ner E Partner's identifying number 9bCollectibles (28%) gain (loss) 19 Distributions 74,499. 1 9 9- 3 6- 5 7 7 9 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 10Net section 1231 gain (loss) Jean C Ritchie 628 Brad Street 110therincome(loss) Shippensburg, PA 17257 G General partner or LLC X Limited partner or other LLC member-manager member H ~X Domestic partner ~ Foreign partner 12Section 179 deduction I What type of entity is this partner? Individual 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 1. !5447400% 0.0000000% Loss 1. 5 4 4 7 4 0 0% 0. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Capital 1.!5447400% 0.0000000% 0. K Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for additional inf ormation. Qualifiednonrecoursefinancing . _ __..._.._.__._____ $ Recourse $ 0 . L Partner's capital account analysis: Beginning capital account ____ ____ ________ __ ___ $ 74, 499. Capital contributed during the year $ ............. Current year increase (decrease) __._ .............. $ 0 . Withdrawals&distributions __..____,_ .. _________.__ $( 74, 499) Ending capital account ______ ,.__._________.______ $ 0. 0 Tax basis [_~ GAAP ~ Section 704(b) book 0 Other (explain) ?~ c o ~ ~ o " LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Farm 1065) 2003 811261 12-31-08 4 651108 Schedule K-1 2008 ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Farm 1065) For calendar year 2008, «tax Department of the Treasury year beginning Part 111 Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) ~- See separate instructions.. 16 Foreign transactions 30ther net rental income (loss) 4 4 , 410 . Part I Information About the Partnership 133. A Partnership's employer identification number 4Guaranteed payments 18 . 20-2420101 B Partnership's name, address, city, state, and ZIP code 5lnterest income 2,808. Beech Tree Investments, LP 6a0rdinarydividends 628 Brad Street 29,512. 17Altern<~tivemintax(AMT)items Shippensburg , PA 17 2 5 7 6b0ualified dividends C IRS Center where partnership filed return 2 7 , 8 41. Cincinnati , IJH 7Royalties 18 Tax-e~:empt income and D ~ Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (lass) <12,136. nondeductible expenses * STMT rt 9aNet long-term capital gain (loss) * 8 5 . II Information About the Partner Pa 114,949. E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 1,505. 16 2- 4 6- 4 3 4 9 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information Philip M Ritchie 10Netsection 1231 gain (loss) 32 , 320 . and Jean C. ]~itchie 2,170. 628 Brad Street 110therincome(loss) * 1,761. Shippensburg, PA 17257 G General partner or LLC X Limited partner or other LLC member-manager member H ~X Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is thi<.; partner? Individual 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 1.5447400% 6.5496000% Loss 1. 5 4 4 7 4 0 0% 6 .5 4 9 6 0 0 0% 14Self-employment earnings (loss) Capital 1.!i447400% 6.5496000% 0. K Partner's share of liabilities at year end: Nonrecourse .- _..._. _..__._ ..._ ..................... $ 'See attached statement foradditionafinf ormation. Qualifiednonrecoursefinancing __________________ _-. $ Recourse ...._._..........._........_....... - - - $ 0 . L Partner's capital account analysis: Beginning capital account $ 7 4 , 5 01 . Capital contributed during the year $ 2 3 8 6 4 4. Current year increase (decrease) $ 13 4 , 15 2 . Withdrawals & distributions _ _.._....-____.__ _____-_ $( 1 , 505) Ending capital account - _ . . _. __.___--_-.______--_ $ 445, 792. ~X Tax basis ~~ GAAP ~ Section 704(b) book 0 Other (explain) o ~ o " LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. aiizsi 12-31-08 Schedule K-1 (Farm 1085) 2008 4 Beech Tree Investments, I,P 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Total to Schedule K-l, Box 13, Code L Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Urrstown Manx see Partner Instructions for K-1 (may be taxable by state) Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to SchedulE~ K-l, Box 18, Code A Partner Filing Instructions Amount Amount 358. 1,748. 64. 2,170. 1,015. 277. 1,292. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 85. Total to SchedulE~ K-1, Box 18, Code C 85. Schedule K-1 Other Information, Box 20, Code X Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 1,761. Partner :[umber 4 Beech Tree Investments, LP 20-2420101 Schedule K-1 Curz-ent Year Increases (Decreases) Description Amount Totals Interest income Dividend income Short-term capital gain (lass) Long-term capital gain (loss) Schedule K-1 income subtotal Portfolio deductions Foreign taxes Schedule K-1 deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item L 2,808. 29,512. <12,136.> 114,949. 135,133. <2,170.> <18.> <2,188.> 1,292. <85.> 1,207. 134,152. Partner :t~Tumber 4 651108 Schedule K-1 ~nnQ OX Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2008.. or tax `'v~rv Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) - See separate instructions. 16 Foreign transactions Part I I f ti Ab t th P rt hi 30ther net rental income (loss) n orma on ou e a ners p A Partnership's employer identification number 4Guaranteed payments 20-2420101 B Partnership's name, addlress, city, state, and ZIP code 5lnterest income Beech Tree Investments, LP 6a0rdinarydividends 6 2 8 Brad Street 17 Alternative min tax (AMT) items Shippensburg , PA 17 2 5 %' 6bQualified dividends C IRS Center where partnership filed return Cincinnati, OH 7Royalties 18 Tax-e~:empt income and D 0 Check if this is a publicly traded partnership (PTP) BNet short-term capital gain (loss) nondeductible expenses rt II I f P ti Ab t th P rt 9aNet long-term capital gain (loss) n orma on a ou e ner a E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 110,519. 17 6 - 4 4 - 012 4 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other iinformation 10Net section 1231 gain (loss) Tace Crouse 931 Foxf ire 'I'rai 1 110ther income (lass) Oviedo, FL 3:2765 ~ General partner or LLC X Limited partner or other LLC member-manager member H ~X Domestic partner ~ Foreign partner 12Section 179 deduction I What type of entity is this partner? Individual 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 1.5447400% 0.0000000% Loss 1. 5 4 4 7 4 0 0°~° 0. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Capital 1.!i447400% 0.0000000% 0. K Partner's share of liabilities at year end: Nonrecourse __.... __._____ _ ____ , _ $ `See attached statement for additional information. Qualifiednonrecoursefinancing __________ _ _ $ Recourse ._ ...................._.._........_............ $ 0 . L Partner's capital account analysis: Beginning capital account $ 110 , 519. Capital contributed during the year _. $ Current year increase (decrease) __._._._.______ $ 0. Withdrawals & distributions _.__.._ .__ _ .__.___.___ $( 110 , 519) Ending capital account ._..__._________________ _ $ 0. OX Tax basis [~ GAAP 0 Section 704(b) book Other (explain) o ~ ~ o " LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065_ Schedule K-1 (Form 1065) 2008 aii2si 12-31-08 6 65],108 Schedule K-1 'nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (farm loss) rorcalendaryear2006,ortax wvv Department of the Treasury year beginning _ part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending _ Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etc. 2Net rental real estate income (loss) ~ See separate instructions. 16 Foreign transactions Part I Information About the P rtn hi 30ther net rental income (loss) 4 4 , 411 . - a ers p 133. A Partnership's employer identification number 4Guaranteed payments 17 . 20-2420101 B Partnership's name, address, city, state, and ZIF' code 5lnterest income 2,808. Beech Tree Investments,, LP 6aordinarydividends 6 2 8 Brad Street 2 9 , 512. 17 Alternative min tax (AMT) items ShlppenSburg, PA 17257 6b0ualified dividends C IRS Center where partnership filed return 2 7 , 8 4 0 . Cincinnati , OH 7Royalties 18 Tax-e;~empt income and D 0 Check if this is a publicly traded partnership (PTP) 8Net short-term capital gain (loss) <12,137. nondi.ductible expenses * STMT Part II Information About th P rt 9aNet long-term capital gain (loss) * 8 5 . e a ner 98,432. E Partner's identifying nurnber 9b Collectibles (28%) gain (loss) 19 Distributions 1,505. 19 9- 3 6- 5 7 7 8 9cUnrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information James R CrollSe tONetsection 1231 gain (loss) 32 , 320 . and Tace Crouse 2,169. 9 31 Foxf ire 'Trai 1 110ther income (loss) * 1, 7 61. Oviedo, FL 32765 G General partner or LLC X Limited partner or other LLC member-manager member H ~X Domestic partner ~ Foreign partner 12Section 179 deduction I What type of entity is thus partner? Individual 130ther deductions J Partner's share of profit, loss, and capital: * STMT Beginning Ending Profit 1..5447400% 6.5496000% Loss 1..5447400% 6.5496000% 14Self-employment earnings (loss) Capital 1.!5447400% 6.5496000% 0. K Partner's share of liabilities at year end: Nonrecourse _.__ ____________ __ _ $ 'See attached statement for additional information. Qualifiednonrecoursefiriancing _____________ _ $ Recourse $ 0 . L Partner's capital account analysis: Beginning capital account __________ _ ___________ $ 110 , 519. Capital contributed during the year ____.___ $ 2 9 7 , 3 01. Current year increase (decrease) _._.___ $ 1 1 7 , 6 3 7 . Withdrawals & distributions _______ ______ _ _ _ _ ___ $( 1 , 5 0 5) Ending capital account ..... _._______ $ 523,952. OX Tax basis 0 GAAP ~ Section 704(b) book Other (explain) o ~ o `~ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. 811261 1231-OB Schedule K-1 (form 1065) 2008 6 Beech Tree Investments, I,P 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Amount Professional Fees 358. Investment Expense From Form 1099-DIV 1,748. Miscellaneous Investment Expenses 63. Total to Schedule K-1, Box 13, Code L 2,169. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 1,016. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 277. Total to Schedule K- 1, Box 18, Code A 1,293. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 85. Total to Schedules K- 1, Box 18, Code C 85. Schedule K-1 Other Information, Box 20, Code X Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 1,761. Partner Number 6 Beech Tree Investments, LAP Schedule K-1 Description Current Year Increases (Decreases) Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Schedule K-:L income subtotal Portfolio deductions Foreign taxes Schedule K-:1 deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item. L Amount 20-2420101 Totals 2,808. 29,512. <12,137.> 98,432. 118,615. <2,169.> <17.> <2,186.> 1,293. <85.> 1,208. 117,637. Partner :Number 6 Form 1065 Department of the Treasury Internal Revenue Service A Principal business activity Investments B Principal product or servi Investments C Business code number U.S. Return of Partnership Income OMB No. 1545-0099 For calendar year 2009, or tax year beginning ,ending 200 Name of partnership D Employer identification Use number the - IRS label eech 'Free Investments, LP 20-2420101 . Other- Number, street, and room or suite no. tf a P.O. box, see the instructions. E Date business started wise' 628 Brad Street 03/11/2005 print or City or town, state, and ZIP code F Total assets - type. 525990 ~Shippensburg PA 17257 I$ 5,403,112. G Check applicable boxes: (1) U Initial return (2) Final return (3) Name change (4) Address change (5) Amended return (8) 0 Technical termination -also check (1) or (2) H Check accounting method: (1) 0 Cash (2) ~ Accrual (3) 0 Other (specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 4 J Check if Schedules C and t,~-3 are attached .............__._... - - ............ - _._........ _._............. - Caution. Include only frade or business income and expenses on lines la through 22 below. See the instructions for more information. 1 a Gross receipts or sales 1a b Less returns and allowances 1b is 2 Cost of goods sold (Schedule A, line 8) ~, 3 Gross profit Subtract line 2 from line 1c 3 ~ 4 Ordina Income loss from other artnershi s estates, and trusts attach statement 4 c 5 Net farm rofit loss attach Schedule F Form 1040 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) .._....___ .............. ......._..,-.- - ..._--_-_--_--_____-__. 6 7 Other income(loss)(attachstatement) ........................................___........_.......... ................. _._.... -._......... 7 8 Total income (loss). Combine lines 3 through 7 ...................................................... ................. ......................... 8 9 Salaries andwages(otherthantopartners)(lessemploymentcredits) ,__ _-._-_-.-_ ......... ....__..._.___ .-_.--_-________-_____-_ 9 10 Guaranteed payments to partners __ ________ ___ _ 10 `~ ~ 11 Repairs and maintenance 11 ~ _.._.....__..... _ .........................._....................__... ........_...... .....- - -...._.. L 12 Bad debts ................ __........._.- _..... _........ _ _ - - .................. 12 o N 13 Rent ...._....... _. 13 0 ., 14 Taxes and licenses _..-.__........ _........._..........._.._...-. ....._._........ _ ......_ - 14 i 15 Interest ..._..._..____......._ .................. .................._........................... .... _ ......... 15 16 a De reciation if re aired, attach Form 4562 P ( 4 ) ............................... 16a ~ b Less depreciation reported on Schedule A and elsewhere on return .-......_-_-,...-__-___- 16b 16c 17 Depletion (Do not deduct oil and gas depletion.) _.--.__-_.-......__________________-___ _ 17 N 18 Retirement plans, etc;. _ 18 ~ o 19 Employee benefit programs ._- _ ................................ .........._....... _ ........_...... . - -- 1g M V ~ 20 Other deductions attach statement O 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 ....................... 21 22 Ordinary business income loss .Subtract line 21 from line 8 .................................... ................. ......................... 22 0 . n er pena ties o perjury, ec are t at ave examine t is return, me u ing accompanying sc e u es an statements, an tote est o my now ee ge an a le , it is true, correct, and complete. Declaration of preparer (other than general partner a limited liability company member manager) is based on all information of which preparer has any Sign knowledge. May the IRS discuss this return Her e ' with the preparer shown below igna are o genera pa ner or imi a is i i company mem er manager ' a e (see instr.(? 0 Yes ~ No Paid Preparer's signature Date Check if self-employed -~ I'reparer's SSN or PTIN P O 014 9 4 5 3 Preparer s Firm'sname(or Smith Elliott Kearns & Com an p y LLC EIN 2-0783935 ~ yours if self- use only $ 0 4 Wayne Avenue s da Phone no. (`~ 1 7) 2 6 3 - 3 910 addre s, nd I ~~~ ~~ur c~namnersDUrg , r~, 1-i ~ u 1 For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 10f5 (2009) s11oo1 LHA 12-15-D9 Form 1065 (2009) Beech Tree Investments, LP 20-2420101 Page 2 ~ Schedule A ~ Cost of Goods Sold (~,ee the instructions) 1 Inventory at beginning of year ..._ ...............___..............-..------.-..-------..-._. 1 2 Purchases less cost of items withdrawn for personal use 2 3 Cost of labor ................_. .....__...._ 3 4 Additional section263Acosts(attachstatement) ._......_._ ..........................._...__._ _--__.__ - 4 __._... 5 Other costs (attach statement) ._.-_......-. _.. - 5 6 Total. Add lines 1 throw h 5 6 9 _.__..__ ................._..........................................._.... 7 Inventory at end of year .__...-.-..- 7 8 Cost of goods sold. Subtract line 7 from line fi. E:nter here and on page 1, line 2 8 9 a Check all methods used for valuing closing inventory: (i) ~ Cost as described in Regulations section 1.471-3 (ii) ~ Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specify method used and attach explanation) - b Check this box if therewasawritedownof°subnormal"goods as described in Regulations section1.471-2(c) _ ....................._____..,_._..._..___ c Check this box if the LIFO inventory method was adopted this tax year for any goods (d checked, attach Form 970) - _ _..... .. _ _ _. _ _ - 0 d Do the rules of section 263A for roe rodured or ac wired for resale a Ito the artnershi ? 0 No ( P P m'P - q ) PPY P P- _.... D Yes - ._... e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? .............. .. .... . 0 Yes ~ No If "Yes; attach explanation. Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b C~ Domestic limited partnership c 0 Domestic limited liability company d C~ Domestic limited liability partnership e 0 Foreign partnership f C Other - 2 At any time during the ta:x year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an :i corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? ' X 3 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, ortax-exempt organization own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership X b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, :see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership X 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation%' For rules of constructive ownership, see instructions. If'Yes," complete (i) through (iv) below .................................... X (i) Name of Corporation II Employer Identification Number (if any) (lil} COUntry Of Incorporation (r~ Percentage Owned in Voting Stock b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions.lf"Yes,"corrplete(i)through(v)below ---.----------.....__._ ......................._.....--..---....._._.....------.------.-.._.. _..-------- X (i) Name of Entity (II) Employer Identification Number (if any) ill T e of Enti ( } YP ~ iv Count of ( ) ry Or anization 9 Y Maximum Percentage Owned in Profit, Lass, or Capital Form 1065 (2009) 911011 12-15-09 Form 1os5(2oos) Beech Tree Investments , LP 20-.2420101 Page 3 Yes Na 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details ....................... _... _.......-.-... -__ _........... X 6 Does the partnership satisfy all fourof the following conditions? a The partnership's total receipts for the tax year were less than $250,000. b The partnership's total assets at the end of the tax year were less than $ 1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is not filing and is not required to file Schedule M-3...._ ...................__................_...........................____._ _--- __._......-.. X If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K-1. 7 Is this partnership a publicly traded partnership as defined in section 469{k)(2)? ....................................................................................... X 8 During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of the dlebY? __.... _ ................. _..........- -- _.................... X 9 Has this partnership filed, or is it required to file, norm 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? ............. 10 At any time during calendar year 2009, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country. - 11 At any time during the ta;~ year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes; the partnership may have to file Farm 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions _........ - - - - - -._ ............... - .....__.._..__._........_... ....... .... X 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? __.....____.._--..__...._.._._ ....... ......._...__..... X See instructions for details regarding a section 7:i4 election. b Did the partnership make. for this tax year an optional basis adjustment under section 743(b) or 734(b)? If'Yes," attach a statement showinng the computation and allocation of the basis adjustment See instructions X c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (.as defined under section 743(4}) or substantial basis reduction (as defined under section 734(d))? If "Yes;' attach a statement showing the computation and allocation of the basis adjustment See instructions .............................._..-......_..--.---------...-----_........................_.-.--.---__....-------.....-- X 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than entities wholly-owned by the partnership throughout the tax year) _. _.... _ ... ............. - 14 At any time during the tax year, did the partnership distribute to any partner atenancy-in-common or other undivided interest in partnership property? ..............._ _....-....._......-... ~ _..........._..... ~- _................................... - - X 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions - i6 Does the partnership have any foreign partners? If "Yes; enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. - X it Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. - Designation of Tax Matter:: Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP - American Beech Investments, LLC number of TMP - 20--2419541 If t e is an entity, name of TMP Phone representative - number of TMP - Address of - 628 :Brad Street designated TMP Shippensburg, PA 17257 Form 1065 (2009) siiozi 12-ie-os Formlos5 2009 Beech Tree Investments, LP 20-2420101 Page4 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (Page 1, line 22) .- .._..,.._._.,_..._.__._._____..-_.-_____.-_-,. _.__-____-_-_.- 1 0 . 2 Net rental real estate income (loss) (attach Form 8825) ................_....................-................_._._..._........ 2 3 a Other gross rental income (loss) ............................................................ 3a b Expenses from other rental activities (attach statement) -.. __ ,....._.. 3b c Other net rental income (loss). Subtract line 3b from line 3a _ _ _ _ _ . _ _ 3c N 4 Guaranteed paym~znts ._. ....... _ __ ...._..... _ ..............._ - .._........_.............._........._... 4 J 5 Interest income....._ ...._ ................._...._.................._..................S.e.e....S.t.a.tement_. 1 _ 5 36, 941. ~, 6 Dividends: a Ordinary dividends ...................................................S.e.e....S.t.3.t.eme.~],t....2.-..-..-.. 6a 6 5 ,131. o b Qualified dividends 6b 6 2, 3 9 5. ........ c 7 Royalties __ .................................._....__._...............................__._......._..........._ .. - - - - 7 8 Net short-term capital gain(loss)(attachScheduleD(Form1065))...._.._.._.._____ .............._. -,_-.--_-.--.--.--_ 8 <66,142. 9 a Net long-term capital gain (loss) (attach Schedule D (Form 1065)} _.. ..._._. _........... 9a 5 8 , 8 6 0 . b Collectibles (28%) gain (loss)..----...._._............_ ..................-......_..__.. 9b c Unrecapturedsection 1250 gain (attach statement) -_ .............................. 9c 10 Net section 1231 gain (loss) (attachForrn4797)_ .-._.-.- -_.-.- .._ ............._...._.........-_....._...___.__.-_-__-__-____ 10 11 Other income (loss) (see instructions) Type - 11 H 12 Section 179 deduction (attach Form 4562) ............................................................................................. 12 ~ 13 a Contributions .. ................... 13a 3 b Investment interest expense ....................................... 13b ~° d c Section59(e)(2)expenditures: (1)Type- (2)Amount- 13c(2) ~ d Other deductions (see instructions) Type - Stmt 3 13d 15 , 6 7 $ . v, o~., 14 a Netearnings (loss) from self-employment --._-------------_..__....-......-_._._-._...-.----_-_.-,..---_.___.-_-_-_--.-...__.. 14a 0 . -c NEE bGrossfarmingori'ishingincome ______________-.. .__- 146 w c Gross nonfarm income _ ..................... 14c 15 aLow-income housing credit (section 42(j)(5)) .____,._.._...._._...._......._,.-__.- .-._-....__.__._,_.. _.___-___.--.--. 15a N b Low-income housing credit (other) ...._ ..............._........ - - - -........................ -.._.. 156 a c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) .................................................. 15c m U` d Other rental real estate credits (see instructions) Type - 15d e Other rental credits (see instructions) Type - 15e f Other credits (see instructions) Type - 15f i6 a Name of country cr U.S. possession - ___-__. _ bGrossincomefrornallsources ___....-. _-_-_..._--------._..--_...._-..-.__.S_ee....S.ta.tement__.7 __. 16b 192,827. y c Grossincomesourcedatpartnerlevel .._..._..........._.._.........__....._...._..__ ............._....._.._...__......... i6c c Foreign gross income sourced at partnership level ip d Passive - e General cafe o 2 , 152. f Other ._.__. - category 9 rY ...... - 16f Deductions allocated and apportioned at partner level ~ g Interest expense - h Other - 16h a1 ~ Deductions allocated and apportioned of partnership level to foreign source income ai $ Passive r category - j Generalcategory _.._.. - k0ther ..-.__ - i6k Totalforeigntaxes(checkone): - Paid [~ Accrued 0 ........................................................ 161 328 . mReduction in taxes available for credit (attach statement) ........ _... _..--. _.___. __. 16m n Other foreign tax information (attach statement) ... .._._... ....._.. _ _ ............._ x 17 a Post-1986 depreciation adjustment _....... - ...........- - - ...._ .............._......-..._..... -.._......_. 17a ~ ~~ ~ b Adjusted gain or loss 17b ~~' c Depletion (other than oil and gas) _...-.- 17c m E~ d Oil, gas, and geothermal properties -gross income ____ ......................__ __ 17d =~a e0il,gas,andgeothermalproperties-deductions __._.__.-.__...- -- 17e f OtherAMTitems(attachstatement) ............__............ _.____.._._.S.e.~..-.S.t.3t.e.IX1e.h4t-..-~.._.__. ilf 31, 895. 18aTax-exempt interest income __._._._.,..--__ ...................____-.._........-_S.ee Statement....5....-__. . ... 18a 31,895. o b Other tax-exempt income 18b c Nondeductibleexpenses _-.._ ............._____.,____-__-_--_____-________ __ _S.e_e_ S.ta.t.ement__6._.__-_ i8c 3 , 530 . $ 19 a Distributions of ca<.;h and marketable securities __.,.. 19a c b DistributionsofotherproPertY _ .............................._........ - _...._.__...._ _.-.......... -- 19b L 20 a lnvestmentincome; _........_ ............._ - _.._ _ _ _ _..__........._ - - 20a 102 , 072 . p b Investmentexpenses _____.-____ 20b 15, 678. c Other items and amounts (attach statement) ...... ... .. ...... ... _. __...._._ Form 1065 (2009) 911041 12-15-09 Form1O65(2O09) Beech Tree Investments, LP 20-2420101 Pages Analysis of Net Income (Loss) p p 1 Net income (loss). Combine Schedule K, lines t through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d, and 161 ............... 1 7 8 , 7 8 4 . 2 Analysis by partner type: (i) Corporate (ii}Individual (active) (iii) Individual (passive) (iv) Partnership (v) Exempt organization (vi) Nominee/Other a General partners 2 , b Limited partners 7 8, 7 8 2. Schedule L Balance Sheets per Books Assets Beginning of tax year End of tai; year (a) (b} (c) (d) 1 Cash ......... _...... - .............. ~ 188 , 202. 549 , 215 . 2a Trade notes and accounts receivable b Less allowance for bad debts .................. 3 Inventories 4 U.S.governmentobligations___._-.__--______ 5 Tax-exempt securities _- __... 6 Other current assets (attach statement) _. tatement 8 8 6 O. 8 6 0. 7 Mortgage and real estate loans 8 Other investments (attach statement) .___ tatement 9' 5 , 10 6 , 9 01 . 4 , 8 5 3 , 0 3 7 . 9a Buildings and other depreciable assets b Less accumulated depreciation _- 10a Depletable assets b Less accumulated depletion ._ _. _.._..___--._-_ 11 Land (net of any amortization) __-_.__-__._ 12a Intangible assets (amortizable only) ________ b Less accumulated amortization 13 Other assets (attach statement)__ 14 Total assets - _ _ _ _ _ _ _ 5 , 2 9 5 , 9 6 3 . 5 , 4 0 3 , 112 . Liabilities and L.apital 15 Accounts payable _ _.-. i fi Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities (attach statement) 18 All nonrecourse loans i9 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach statement) .___..... 21 Partners' capital accounts .-._ __.- 5, 2 9 5, 9 6 3. 5, 4 0 3 ,112 . 22 Total liabilities and capital ..---. .......-.-- 5 , 2 9 5 , 9 6 3 . 5 , 4 0 3 112 . Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M-3 may be required instead of Schedule M-1 (see instructions). , 1 Net income (loss) per books 10 7 ,14 9 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize): on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 31 , 8 9 5 . 31 , 8 9 5 . 3 Guaranteed payments (other than health insurance) _.._.__-_.___._,___. 7 Deductions included on Schedule K, lines 1 throughl3d,and161, not charged against 4 Expenses recorded on booH;s this year not included on Schedule K, lines 1 through 13d, and 161 (itemize): book income this year (itemize): a Depreciation $ a Depreciation $ bTravelandentertainment$ 8 Addlines6and7.----_-.._ .................... 31,895. Stmt 11 3 , 5 3 0 . 3 , 5 3 0. 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 through 4 .-_-__. . _........_........... 110 , 6 7 9 . line 1). Subtract line 8 from line 5 _......._...... 7 8 , 7 8 4 . Schedule M-2 Analysis of Partners' Capital Accounts 1 Balance at beginning of year ...._-. _ __ _- 5 , 2 9 5 , 9 6 3 . 6 Distributions: a Cash 2 Capital contributed: a Cash __...-..._.__....-.... bProperty . ..................._... b Property ____ 7 Other decreases (itemize): 3 Net income (loss) per books .. , ._ .- ._ __ _.._ 107 , 149 . 4 Other increases (itemize): _ 8 Add lines 6 and 7 5 Addlineslthrough4 ....._....-_......._.._......... 5,403,112. 9 Balance at end of year. SubtractlineBfromline5 5,403,112. 1 12-1s-os Form 1065 (2009) SCHEDULE B-1 Information on Partners Owning 50% or (Form 1065) More of the Partnershi {December 2009) p Department of the Treasury Internal Revenue Service ~ Attach to Form 1065. See instructions. partnership Beech Tree :Cnvestments, LP OMB No. 1545-0099 Moyer identification number 20-2420101 cart ~ tntities c~wnmg 50% or More of the Partnership(Form 1os5, Schedule B, Question 3a) Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt organization that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Narne of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Ca ital `Part 11 Individuals or Estates Owning 50% or More of the Partnership(Form 1os5, Schedule B, Question 3b) Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 5Q% or more in the profit, loss, or capital of the partnership (sine instructions). (i) Name of Individual or Estate (ii) Identifying Number (if any) (iii) Country of Citizenship (see instruction s) (iv) Maximum Percentage Owned in Profit, Loss, or Ca ital Helen F Crouse 195-32-0870 United States 99.00 ~nrj ror raperworK rseaurnon Hct rvonce, see the Instructions for Form 1065. Schedule B-1 (Form 1065) (12-2009) 924551 12-17-09 SCHEDULE D Capital Gains and Losses (Form 1065) Department of the Treasury - Attach to Form 1065. - See separate instructions. Internal Revenue Service ~ Use Schedule D-1 to list additional transactions for lines 1 and 7. OMB No. 1545-0099 2009 IVAII It: DI ~GI ^1C1 SII141 Employer identification number Beech Tree Investments, LP 20-2420101 Part 1 Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 <.>hares of "Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1400 Aeropostale, Inc. 11/05/08 05/08/09 13,539. 9,368. 4,171. 400 Allied Irish Banks, PLC 06/18/08 06/11/09 2,376. 13,474. <11,098. 200 American Vanguard Corporation Common 05/19/08 03/12/09 2,335. 2,85!5. <520. 500 Cenovus Energy, Inc. 06/04/09 12/29/09 12,283. 13,282. <999. 300 Chattem, Inc. 06/04/09 11/13/09 19,639. 19,557. 82. 100 Walt Disney Company Holding 04/03/08 03/12/09 1,688. 3,162. <1,474.: 200 Emerson Electric Company 06/12/08 06/04/09 6,898. 10,856. <3,958.: 200 Emerson Electric Company 07/01/08 06/04/09 6,898. 9,936. <3,038.: 2 Enter short-term capital gain or (loss), if any, frorn Schedule D-1, line 2 ________________________________________ 2 <49 , 3 0 8 . 3 Short-term capital gain from installment sales from Form 6252, line 26 or 37 ..... - _...... 3 4 Short-term capital gain (loss} from like-kind exchanges from Form 8824 4 5 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships, estates, and trusts .................... __..._ - ..... - .... 5 6 Net short-term capital gain or (loss). Combine lines 1 through 5 in column (f). Enter here and on Form 1065, Schedule K, line 8 or 11 ..... ............. .__._.... ...... .... 6 <6 6 , 142. I Marl 11 I Long-1 erm l:aprial taalnS and LOSSeS - Assets Fleld More Than One Year (a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7600 Allied Irish PLC 06/11/91 06/11/09 3,564. 3,572. <8. 9,000 Allied Irish PLC 06/11/91 06/11/09 53,639. 53,586. 53. 12,000 Allied Irish PLC 06/11/91 06/17/09 59,066. 71,448. <12,382. 14,000 Allied Irish PLC 06/11/91 09/16/09 131,007. 83,356. 47,651. 400 Allied Irish PLC 06/11/91 09/17/09 3,728. 2,38.?. 1,346. 100 American Vanguard Corporation 05/17/07 03/12/09 1,168. 1,410. <242.: 200 American Vanguard Corporation 05/17/07 12/28/09 1,581. 2,820. <1,239.: 200 American Vanguard Corporation 07/25/07 12/28/09 1,581. 2,798. <1,217.: 300 American Vanguard Corporation 05/28/08 12/28/09 2,372. 4,05(1. <1,678.: 8 Enter long-term gain or (loss), if any, from Schedule: D-1, line 8 8 2 6 , 5 7 6 . 9 Long-term capital gain from installment sales from Form 6252, line 26 or 37 g 10 Long-term capital gain (loss) from like-kind exchanges from Form 8824 1p 11 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts 11 12 Capital gain distributions ____.__........_._....._._ ............................... 12 13 Net long-term capital gain nor (loss). Combine lines 7 through 12 in column (f). Enter here and on Form 1065, Schedule K, line 9a or 11 - ........ ._--- ........ ... ....... ..... _.. 13 5 8 , 8 6 0 . LHA YOr YaperWOnC tSe4nctl0n ACt NOtICe, see the Instructions for Form 1065. Schedule D (Form 1065) 2009 stem iz-is-os SCHEDULE D-1 (Form 1065) Department of the Treasury Internal Revenue Service Name shown on return Continuation Sheet for Schedule D (Form 1065, 1065-B, or 8865) - See instructions for Schedule D of the applicable return. Attach to Schedule D of the applicable return to list additional transactions. Beech Tree Investments, LP !, OMB No. 1545-0099 2009 ler's identifying number 20-2420101 I Part I I Short-Term Caaital Gains and Losses -Assets Held One Year or Less (a) Descriptil>n of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1400 Emerson Electric Company 10/02/08 06/04/09 13,796. 15,076. <1,282. 100 Emerson Electric Company 10/02/08 06/04/09 3,449. 3,770. <321. 1,100 ING Groep 10/06/08 03/06/09 3,366. 23,02iD. <19,654. 400 ING Groep 10/06/08 03/06/09 1,224. 8,344. <7,120. 500 ING Groep 10/06/08 03/20/09 2,875. 10,430. <7,555.. 200 ING Groep 10/06/08 06/04/09 2,138. 4,172. <2,034.. 300 ING Groep 10/09/08 06/04/09 3,207. 4,875. <1,668. 100 International Business Machines 06/04/09 11/03/09 12,034. 10,634. 1,400. 500 Lowes Corporation 06/25/08 06/04/09 13,945. 24,501). <10,555.: 200 Lowes Corporation 07/01/08 06/04/09 5,578. 9,41:1. <3,833.: 200 Middleby Corporation 10/16/08 07/06/09 8,419. 7,42'7. 992. 400 Monsanto Company 11/05/08 06/04/09 33,120. 36,76!3. <3,648.: 500 Powershares Water Resource 10/06/08 06/04/09 7,521. 7,602. <81.: 500 TJX Companies, Inc. 06/04/09 11/16/09 19,700. 15,192. 4,508. 100 TJX Companies, Inc. 06/04/09 12/03/09 3,702. 3,038. 664. 100 TJX Companies, Inc. 05/08/09 12/03/09 3,702. 2,82:3. 879. sus tal. Combine the amounts in column (f). Enter here and on Schedule D, line 2 ~ <4 y , .i U ti . > t2-ts-os LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2009 Schedule D-1 Form 1065 2009 Pa e 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. Fuers ~dem;ry~~y number Beech Tree Investments, LP 20-2420101 ~ Part II ~ Long-Term Capital Gains and Losses - Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice ( ) p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7500 American. Vanguard Corporation 06/25/07 12/28/09 3,953. 6,69:3. <2,740. 700 American Vanguard Corporation 05/30/07 12/28/09 5,535. 9,10:9. <3,574. 300 American Vanguard Corporation 11/19/08 12/28/09 2,372. 2,92!5. <553. 100 Apache Corporation 09/02/08 11/20/09 9,597. 10,70'7. <1,110. 50,000 Bank of America Corporation 5.758 05/29/08 12/16/09 51,500. 49,51:1. 1,989. 50,000 Beaver County SD 3~ 07/07/05 09/01/09 50,000. 50,001). 0. 700 Cenovus Energy, Inc. 11/05/08 12/29/09 17,196. 17,926. <730.. 200 Cisco Systems, Inc. 02/28/97 06/04/09 3,924. 1,254. 2,670. 1,800 Cisco Systems, Inc» 11/15/95 06/04/09 35,317. 7,98'7. 27,330. 200 Colgate Palmolive Companies 03/26/08 11/27/09 16,566. 15,59:2. 974. 100 Colgate Palmolive Companies 03/04/08 11/27/09 8,283. 7,664. 619. 100 Custco Wholesale Corporation 05/30/08 11/13/09 6,033. 7,155. <1,122. 700 Custco Wholesale Corporation 11/05/08 11/13/09 42,233. 38,534. 3,699. 200 Dicks Sporting Goods,. Inc. 11/05/08 11/18/09 4,928. 3,121). 1,808. 100 Walt Disney Company Holding 04/03/08 12/15/09 3,222. 3,16:2. 60. 500 Duke Energy Corporation 05/21/08 11/16/09 8,085. 9,295. <1,210.: 200 Duke Energy Corporation 07/24/07 11/16/09 3,234. 3,590. <356.: 200 Duke Energy Corporation 07/25/07 11/16/09 3,234. 3,518. <284.: 100 Duke Energy Corporation 05/17/06 11/16/09 1,617. 1,590. 27. 4,5.63.311 Federated Total Return Fund 06/28/07 03/30/09 46,500. 47,185. <685.: 100 Flowserve Corporation 10/02/08 11/19/09 10,095. 7,580. 2,515. 200 Flowserve Corporation 10/06/08 12/08/09 19,202. 13,50Ei. 5,696. 632 General Electric Company 04/11/07 06/04/09 8,602. 22,120. <13,518.: 100 General Electric Company 04/23/07 06/04/09 1,361. 3,500. <2,139.: 100 General Electric Company 03/28/06 06/04/09 1,361. 3,368. <2,007.: 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) g iz-is-os Schedule D-1 (Form 1065) 2009 Schedule D-1 Form 1065 2009 Pa e 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. F~i~'S ~aennry~~s ~~mbe~ Beech Tree Investments, LP 20-2420101 Part II Long-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (b) Date acquired (c) Date sold (d) Sales price (e) Cast or (f) Gain or (loss) (Example: 100 sh. XYZ Co.) (mo., day, yr.) (mo., day, yr.) other basis Subtract (e) from (d) 7200 General Electric Company 09/01/05 06/04/09 2,722. 6,646. <3,924. 200 General Electric Company 09/01/05 06/04/09 2,722. 6,646. <3,924. 200 General Electric Company 05/21/08 06/04/09 2,722. 6,300. <3,578. 68 General Electric Company 12/27/02 06/04/09 926. 1,716. <790. 75,000 HSBC Finance Corporation 5.3~ 05/22/07 11/02/09 77,250. 75,000. 2,250. 1,200 Hershey Food Corporation 07/10/91 06/04/09 42,049. 6,777. 35,272. 1,200 Intel Corporation 01/02/97 06/04/09 19,262. 8,422. 10,840. 150 Lilly Eli & Company 06/27/06 06/04/09 5,112. 8,046. <2,934. 100 Lockheed Martin Corporation 06/04/07 06/04/09 8,438. 9,699. <1,261. 100 Lockheed Martin Corporation 06/22/07 06/04/09 8,438. 9,425. <987. $ 25,000 Mt. Ulnion SD 3.558 08/02/05 10/28/09 25,000. 24,879. 121. 50,000 Oracle Corporation 5.25 05/29/08 11/30/09 55,068. 49,740. 5,328. $ 50,000 PA State 4.75 10/26/05 06/15/09 50,000. 51,345. <1,345. 400 Powershares Water Resources 03/19/07 06/04/09 6,016. 7,400. <1,384. 100 Powershares Water Resources 12/21/06 06/04/09 1,504. 1,84:1. <337. 400 Powershares Water Resources 03/02/07 06/04/09 3,008. 3,680. <672.. 500 Powershares Water Resources 01/05/07 06/04/09 7,521. 9,052. <1,531. 300 Powershares Water Resource 01/23/08 06/04/09 4,512. 5,282. <770. 100 Psychiatric Solutions, Inc. 04/25/07 06/04/09 2,052. 3,900. <1,848. 100 Psychiatric Solutions, Inc. 03/05/07 06/04/09 2,052. 3,87!5. <1,823. 100 Psychiatric Solutions, Inc. 03/07/07 06/04/09 2,052. 3,82!5. <1,773.: 100 Psychiatric Solutions, Inc. 03/13/07 06/04/09 2,052. 3,80'7. <1,755.: 200 Psychiatric Solutions, Inc. 04/27/07 06/04/09 4,104. 7,494. <3,390.: 200 Rofin Sinar Technologies, Inc. 05/15/06 06/04/09 4,725. 5,35!x. <634.: 400 Rofin Sinar Technologies, Inc. 06/27/05 06/04/09 9,449. 6,250. 3,199. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (foir Form 1065-B) 9TTTi iz-ls-os Schedule D-1 (Form 1065) 2009 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. F~ie~'S ~de~c~ry~~y ~umbe~ Beech Tree Investments, LP 20-2420101 Part II Long-Term Capital Gains and Losses - Assets Held More Than One Year (a) Description of property {Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss} Subtract (e) from (d) 7 435.161 T. R'.owe Price Capital Appreciation Fund 12/18/06 03/30/09 5,788. 10,000. <4,212. 20,000 Shippensburg Boro 4.0~ 08/24/05 05/01/09 20,000. 19,914. 86. 600 Team, Inc. 05/17/06 06/04/09 10,165. 7,805. 2,360. 300 US Bancorp 04/20/07 06/04/09 5,537. 10,350. <4,813. 100 US Bancorp 05/04/07 06/04/09 1,846. 3,450. <1,604. 50 US Bancorp 05/24/07 06/04/09 923. 1,713. <790. 200 Vale S A ADR 05/24/07 09/28/09 4,596. 4,216. 380. 4,354.248 Vanguard 06/28/07 03/30/09 42,454. 45,72~D. <3,266. 4,549.591 Vanguard 04/10/08 06/03/09 48,726. 50,OO~D. <1,274. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) 2 6 , 5 7 6 . 9TTTi iz-is-os Schedule D-1 (Form 1065) 2009 Beech Tree Investments, LP 20-2420101 Schedule K Interest Income Statement 1 Description U.S. Bonds Other Urrstown Manx Orrstown Bank Total to Schedule K, Line 5 Schedule K Dividend Income Statement 2 25,876. 11,065. 11,065. 25,876. Description Ordinary Dividends Qualified Dividends Urrstown Manx 65,131. b~,sy~. Total to Schedule K, Lines 6a & 6b 65,131. 62,395. Schedule K Deductions Related to Portfolio Income Statement 3 Description Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Professional Fees Total included o:n Schedule K, Line 13d 15,678. Schedule K Other Adjustments and Tax Preference Items ~~tatement 4 Description Amount Adjusted current earnings from the partnership 31,895. Total to Schedule K, Line 1.7f 31,895. Amount 11,005. 895. 3,778. Statement(s) 1, 2, 3, 4 Beech Tree Investments, I,P 20-2420101 Schedule K Tax-Exempt Interest Income Statement 5 Description Amount Urrstown t3anK 30,476. Orrstown Bank 1,419. Total to Schedul~a K, line 1.8a 31,895. Schedule K Nondeductible Expense ~;tatement 6 Description Amount Investment Expenses Allocated to Tax Exempt Income 3,530. Total to Schedule K, Line 18c 3,530. State:ment(s) 5, 6 Beech Tree Investments, LP 20-2420101 Schedule K Gross Income from All Sources Statement 7 Income Type Total Dividends/Distributions 65,131. Interest 36,941. Capital Gains 58,860. Trade or Business 0. Rent/Royalty 0. State/Local Refunds 0. Partnership/S Corporation 0. Trust/Estate 0. Other Income 0. Nontaxable Income 31,895. Total to Schedule K, Line 16b 192,827. Schedule L Other Current Assets ~~tatement 8 Description Account Receivable - Partners Total to Schedule L, Line 6 Beginning of Tax Year 860. 860. End of Tax Year 860. 860. Schedule L Other Investments Statement 9 Description U.S. Government Agency Obligations Municipal Bonds and Notes Corporate Bonds and Notes Mutual Funds Common Stocks Total to Schedule L, Line 8 Beginning of Tax Year End of Tax Year 249,440. 199,440. 807,476. 981,281. 421,267. 297,568. 232,905. 697,416. 3,395,813. 2,677,332. 5,106,901. 4,853,037. Statement(s) 7, 8, 9 Beech Tree Investments, IMP 20-2420101 Form 1065 Partners' Capital Account Summary Statement 10 Partner Beginning Capital Schedule M-2 With- Ending Number Capital Contributed Lns 3, 4 & 7 drawals Capital 1 45,701. 2 4,280,518. 4 445,792. 6 523,952. Total 5,295,963. 286. 45,987. 59,334. 4,339,852. 15,735. 461,527. 31,794. 555,746. 107,149. 5,403,112. Statement(s) 10 Beech Tree Investments, IMP 20-2420101 Schedule M-1 Expenses Recorded on Books Not Deducted in Return Statement 11 Description Investment Expenses Allocated to Tax Exempt Income Total to Schedule M-1, Line 4 Amount 3,530. 3,530. Statement(s) 11 651109 Schedule K-1 ~nno 0 Final K-1 ~ Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2009, or tax Lvv`~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, DedUCtIOnS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etC. 2 Net rental real estate income (loss) ~ See separate instructions. 16 Foreign transactions hi rt I I f ti Ab t th P t P 3 other net rental income (loss) 1 , 9 2 8 . ners p n orma on ou e ar a 22. A Partnership's employer identification number 4 Guaranteed payments 3 . 20-2420101 B Partnership's name, address, city, state, and ZIP code 5 Interest income 370. Beech Tree Investments, LP 6a Ordinary dividends 628 Brad StrE~et 651. 17 Alternative min tax(AMT)items Shippensburg , PA 17 2 5 7 6b Qualified dividends C IRS Center where partnership filed return 6 2 4 . Cincinnati, OH ~ Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Nei short-term capital gain (loss) <661. nondeductible expenses * STMT Part ll I f ti Ab t th P rt 9a Net long-term capital gain (loss) * 3 5 . n orma on ner ou e a <198. E Partner's identifying number 20-2419541 9b Collectibles (28°%) gain (loss) 19 Distributions F Parfier's name, address, city, state, and ZIP code: 9c Unrecaptured sec 1250 gain 20 Other information American Beech Investments , LLC 10 Net section 1231 gain (loss) 1 , 021 . 628 Brad Street 157. Shippensburg ,, PA 17 2 5 7 11 Other income (loss) * 111. G X General partner or I.LC Limited partner or other LLC member-manager member H 0 Domestic partner 0 Foreign partner Whattype of entity is this partner? Partnership 12 Section 179 deduction J Partner's share of profit, Moss, and capital: 13 Other deductions Beginning Ending * STMT Profit 1.0000000% 1.0000000% Loss 1.0000000% 1.0000000°~° Capital 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse $ ..................................... ........... Qualifiednonrecoursefinancing ________________________ $ "See attached statement for additional inf ormal:ion. Recourse ..............._._ _. ._... $ 0 . L Partner's capital account analysis: Beginning capital account: __. $ 45 , 701. Capital contributed during the year ______ $ Current year increase(decrease)-_-._ ................. $ 286. Withdrawals & distributions -- ----- --- ------- ---- - - $( ) Ending capital account ...-... ___. _.___...._....-.-__ $ 45, 987. ~X Tax basis [_] GAAP ~ Section 704(b) book Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes ~ No If "Yes", attach statement (see instructions) T o ~ o i2-oa-os LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2009 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Total to Schedule K-1, Box 13, Code L Amount 38. 110. 9. 157. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 305. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 14. Total to Schedule K- 1, Box 18, Code A 319. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Par tner Fili ng Instructions Amount Investment Expenses Allocated to Tax Exempt Income 35. Total to Schedule K- 1, Box 18, Code C 35. Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 111. Partner Number 1 Beech Tree Investments, LP 20-2420101 Schedule K-1 Current Year Increases (Decreases) Description Amount Interest income 370. Dividend income 651. Short-term capital gain (loss) <661.> Long-term capital gain (loss) <198.> Schedule K-:1 income subtotal Portfolio deductions <157.> Foreign taxes <3.> Schedule K-:L deductions subtotal Tax-exempt interest income 319. Nondeductible expenses <35.> Other increases or decreases subtotal Total to Schedules K-1, Item L Totals 162. <160.> 284. 286. Partner Number 1 z 651109 Schedule K-1 Anna ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2009, or tax ~'~~`~ Department of the Treasury year beginning Part IIL Partner's Share of Current Year Income, DedUCtIOrIS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits CredltS, etC. 2 Net rental real estate income (loss) - See separate instructions. 16 Foreign transactions I I f i Ab th P rt hi a 3 other net rental income (loss) 16 5 , 6 4 0 . n ormat on out e ners p rt a P 1,848. A Partnership's employer identification number 4 Guaranteed payments 2 8 2 . 20-2420101 B Partnership's name, address, city, state, and ZIP rode 5 Interest income 31,732. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 5 5 , 9 4 8 . 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b Qualified dividends C IRS Center where partnership filed return 5 3 , 5 9 8 . Cincinnati, C)H 7 Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) <56,817. nondeductible expenses * STMT 11 I f i Ab h P a 9a Net (ong-term capital gain (loss) * 3 , 0 3 3 . n ormat on out t e artner P rt 17,855. E Partner's identifying number 195-32-0870 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain 20 Other ir~formation Helen F CrOUS a 10 Net section 1231 gain (loss) 8 7 , 6 8 0 . 206 East Burd. Street 13,467. Shippensburg , PA 17 2 5 7 11 Other income (loss) * 9 , 5 0 5 . G General partner or LLC X Limited partner or other LLC member-manager member H OX Domestic partner ~ Foreign partner I What type of entity is this partner`? IndlVldual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 85.9008000% 85.9008000% Loss 85.9008000% 85.9008000% Capital 8 5. 9 0 0 8 0 0 0% 8 5. 9 0 0 8 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse $ Qualified nonrecourse financing ........................ $ "See attached statementfor additional inf ormation. Recourse ......__..._.._..... .._..____............ $ 0 . L Partner's capital account analysis: Beginning capital account __________________ $ 4 , 280 , 518. Capital contributed during the year __..,. $ Current year increase(decrease) ........................ $ 59,334. Withdrawals & distributions $( ) Fndingcapitalaccount __ __ __ .__________________ . $ 4, 339, 852. OX Tax basis [~ GAAP ~ Section 704(b) book Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes OX No If "Yes', attach statement (see instructions) a C o ~ o iz-oe-os LHA For Paperwork Reduction Act Notice, see Instructions far Form 1065. Schedule K-1 (Form 1065) 2009 2 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Total to Schedules K-1, Box 13, Code L Amount 3,245. 9,453. 769. 13,467. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedule K-1, Box 18, Code A Amount 26,179. 1,219. 27,398. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Investment Expenses Allocated to Tax Exempt Income Total to Schedule K-1, Box 18, Code C Amount 3,033. 3,033. Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions U.S. interest (part of In 5/6a) See state instructions Amount 9,505. Partner :Dumber 2 Beech Tree Investments, L:P Schedule K-1 Current Year Increases (Decreases) 20-2420101 Description Amount Totals Interest income Dividend income Short-term capital gain (loss) Long-term capita7_ gain (loss) Schedule K-]_ income subtotal Portfolio deductions Foreign taxes Schedule K-]_ deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-l, Item L 31,732. 55,948. <56,817.> 17,855. 48,718. <13,467.> <282.> <13,749.> 27,398. <3,033.> 24,365. 59,334. Partner Number 2 4 651109 Schedule K-1 2009 ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) Foy calendar year Zoos, o• tax Department of the Treasury year beginning .Part III. Partner's Share of Current Year Income, DedUCtlOrIS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 15 Credits Credits, etc. 2 Net rental real estate Income eiossl - See separate instructions. 16 Foreign transactions 3 Other net rental income (loss) 12 , 6 3 0 . Part I Information About the Partnership 141. A Partnership's employer identification number 4 Guaranteed payments 2 2 . 20-2420101 B Partnership's name, addrf:ss, city, state, and ZIP code 5 Interest income 2,419. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 4 , 2 6 6 . 17 Alternai:ive min tax (AMT) items Shippensburg, PA 17257 6b Qualified dividends C IRS Center where partnership filed return 4 , 0 8 6 . Cincinnati, aH 7 Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) <4,332. nondeductible expenses * STMT 9a Net long-term capital gain (loss) * 2 31. Part ll Information About the Partner 12 , 5 7 3 . E Partner's identifying number 162-46-4349 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, oily, state, and ZIP code 9c Unrecaptured sec 1250 gain Phi 1 ip M Ri t Chi e 20 Other information and Jean C . R.i t chi e 10 Net section 1231 gain (loss) 6 , 6 8 5 . 628 Brad Street 1,027. Shippensburg, PA 17257 11 Other income (lass) * 724. G General partner or LLC X Limited partner or other LLC member-manager member H ~X Domestic partner 0 Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 6.5496000% 6.5496000% Loss 6.5496000% 6.5496000% Capital 6.5 4 9 6 0 0 0% 6.5 4 9 6 0 0 0% 14 Self-employment earnings (lass) K Partner's share of liabilities at year end: 0 Nonrecourse _-.__._.._.-......__._-_.- -_...-..... $ Qualifiednonrecoursefinancing __......_._._._._._ $ `See attached statement for additional in formation. Recourse $ 0 L Partner's capital account analysis: Beginning capital account _-....__...__.-, ._. $ 445 , 792. Capital contributed during the year ___-__--_.._._ $ Currentyearincrease(decrease)-._.-..-.-_-._-_.._._ $ 1 5, 7 3 5. Withdrawals & distributions .............._-_-..-...- ._ $( ) Ending capital account _ .-.__ ....___ ................ $ 461, 527. OX Tax basis ~ GAAP 0 Section 704(b) book 0 Other(explain) M Did the partner contribute property with abuilt-in gain or loss? Yes OX No If "Yes', attach statement (see instructions) T C ~ ~ o ~z-oe-os LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2009 4 Beech Tree Investments, L:P 20-2420101 Schedule K-1 Other Po:rtfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIV Miscellaneous Investment Expenses Total to Schedule K-1, Box :13, Code L Amount 248. 721. 58. 1,027. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedules K-1, Box 18, Code A Amount 1,996. 93. 2,089. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income Total to Schedule K-1, Box 18, Code C 231. 231. Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions Partner :[Number 4 724. Beech Tree Investments, L:P 20-2420101 Schedule K-1 Current Year Increases (Decreases) Description Amount Interest income 2,419. Dividend income 4,266. Short-term capital gain (loss) <4,332.> Long-term capital. gain (loss) 12,573. Schedule K-1. income subtotal Portfolio deductions <1,027.> Foreign taxes <22.> Schedule K-1. deductions subtotal Tax-exempt interest income 2,089. Nondeductible expenses <231.> Other increases or decreases subtotal Total to Schedule K-1, Item L Totals 14,926. <1,049.> 1,858. 15,735. Partner Number 4 6 651109 Schedule K-1 2009 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year20og,ortax Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etc. 2 Net tenta~ read estate income no55~ ~ See separate instructions. 16 Foreign transactions ' 3 Other net rental income (loss) 12 , 6 2 9 . Part I Information About the Partnership 141. A Partnership's employer identification number 4 Guaranteed payments 21 . 20-2420101 B Partnership's name, address, city, state, and ZIP code 5 Interest income 2,420. Beech Tree Investments, LP 6a Ordinary dividends 628 Brad Street 4,266. 17 Alternative min tax(AMT)items Shippensburg, PA 17257 6b Qualified dividends C IRS Center where partnership filed return 4 , 0 8 7 . Cincinnati , OH 7 Royalties 18 Tax-exempt income and D 0 Check if this is a pub licly traded partnership (PTP) 8 Net short-term capital gain (loss) <4,332. nondeductible expenses * STMT 9a Net long-term capital gain (loss) * 2 31 . Part II Information About the Partner 28,630. E Partner's identifying number 199-36-5778 9b Collectibles (28%) gain (loss) 19 DistribuY.ions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain James R Crouse 200therin~formation and Tace Crouse 10 Net section 1231 gain (loss) 6 , 686 . 931 Foxfire Trail 1,027. Oviedo , FL 3 2 7 6 5 11 Other income (lass) * 7 2 5. G General partner or LL.C X Limited partner or other LLC member-manager member H OX Domestic partner [~ Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 6.5496000% 6.5496000% Loss 6.5496000% 6.5496000% Capital 6.5 4 9 6 0 0 0% 6. 5 4 9 6 0 0 0°i° 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse ____ _-.........._...-..... $ Qualifiednonrecoursefinancing .-__._.__-.--_.-.._ $ `See attached statement for additional information. Recourse $ 0 . L Partner's capital account analysis: Beginning capital account $ 5 2 3, 9 5 2. Capital contributed during the year $ Currentyear increase (decrease) ._----------------_._ $ 31 , 7 94 . Withdrawals & distributions $( ) Ending capital account ........_ _-_.._-...._.-_..... $ 555,746. OX Tax basis [~ GAAP ~ Section 704(b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes ~X No If "Yes", attach statement (see instructions) T o ~ o ,z-os-os LHA For Paperwork Beduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2009 6 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Professional Fees Investment Expense From Form 1099-DIv Miscellaneous Investment Expenses Total to Schedule K-1, Box 13, Code L Amount 247. 721. 59. 1,027. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 1,996. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 93. Total to Schedule K-1, Box 18, Code A 2,089. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 231. Total to Schedule K-1, Box 18, Code C 231. Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions U.S. interest (part of In 5/6a) See state instructions Amount 725. Partner :[umber 6 Beech Tree Investments, LP 20-2420101 Schedule K-1 Current Year Increases (Decreases) Description Lnterest income Dividend income Short-term capital gain (loss) Long-term capita7_ gain (loss) Schedule K-]_ income subtotal Portfolio deductions Foreign taxes Schedule K-1_ deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item L Amount Totals 2,420. 4,266. <4,332.> 28,630. 30,984. <1,027.> <21.> <1,048.> 2,089. <231.> 1,858. 31,794. Partner Number 6 1065 U.S. Return of Partnership Income OMB No 1545-0099 Form For calendar year 2010, or tax year beginning ,ending 20 1 0 Department of the Treasury L Internal Revenue Service A Principal business activity Name of partnership D Employer identification number Investments eech Tree Investments, LP 20-2420101 B Princi al roduct or service Print Number, street, and room or suite no. H a P.O. box, see the instructions. p p Or E Date business started ~'Pe~628 Brad Street 03/11/2005 Investments City or town, state, and ZIP code F Total assets Business code number 525990 hi ensbur PA 17257 $ 5,503,199. G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5) Amended return (6) 0 Technical termination -also check (1) or (2) H Check accounting method: (1) OX Cash (2) ~ Accrual (3) ~ Other(specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 4 J Check if Schedules C and M-3 are attached __ ................... ~ ~ ..........._....__ ......-_......._.......__......................- Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1 a Gross receipts or sales ............... - _.. 1a b Less returns and allnwances -..-....._......_.__.._ ....................................___----_..___- 1b 1c 2 Cost of oods sold Schedule A, fine 8 _-.....--_..-_--.-_ 9 ( _......__ ............................._.........._.. 2 ~, 3 Gross profit Subtract line 2 from line 1c _--__.__--.--_.- 3 £ 4 Ordina Income loss from other artnershi s estates, and trusts attach statement 4 c 5 Net farm rofit loss attach Schedule F Form 1040 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) .-.....-.._-__._ ................................................... 6 7 Other income (loss) (attach statement) - 8 Total income (loss). Combine lines 3 through 7 ................................................................................................ 8 ~, 9 Salaries and wages I;otherthan to parfiers) (less employment credits) .-_._ ..............._.....-_.-.....-_-.....-,..._..-..-_---...-. 9 c 10 Guaranteed payments to partners ..... ........................................................................... 10 11 Repairs andmainteriance _-__-_-________________________________________ 11 12 Bad debts -_.- -...,.._ ................_......._.. ......................_...._........ - - - ..__..._.. 12 N 13 Rent 0 14 Taxes and licenses 14 ~ 15 Interest ..._.........._ - _ .......................... ......._........................... 15 i6 a Depreciation (d required, attach Form 4562) _--..--._--------------------_..._.-._--.._.- 16a t b Less depreciation reported on Schedule A and elsewhere on return ....... ................. i6b 16c 17 Depletion (Do not deduct oil and gas depletion.) -------------_.._,.-.......__..__-_.-___.._____-____---_-___ _--_____--____-_______.__ 17 18 Retirement plans,etr,. . _ .. --___- -._-_____ ._ . _. 18 V1 = c 19 Em to ee benefit ro rams _-. _ ._ ... P Y P 9 ........... - ....._....... 19 :~ v ~ 20 Other deductions (attach statement) 20 0 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 .......................................... 21 22 Ordinary business income loss .Subtract line 21 from line 8 .............................................................................. 22 0 . n er pena ties o perfury, ec are t at ave examine t ~s return, inc u ing accompanying sc e u es an statements, an tote est o my now a ge an a ie , it is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any Sign knowledge. ay t e iscuss t is return Here with the preparer shown below ' ' igna ure o genera pa ner or imi a is i i company mem er manager a e (see instr.)? Yes ~ No Printlrype preparer's name Preparer's signature Date Check if PTIN radl ey H . Kearns , self-employed Paid ember of the Firm P00149453 Preparer Firm's name . use only Smith Elliott Kearns & Company, LLC Firm'sEIN - 52--0783935 Firm's address -8 0 4 Wayne Avenue Chambersburg, PA 17201 Phone no. (717) 263-3910 """"' LHA For Pa erwork Reduction Act Notice, see se crate instructions. Form 1065 2010 02-o~-tt P P ( ) Form 1065(2010) Beech Tree Investments, LP 20-2420101 Page 2 Schedule' A Cost of Goods Sold (see the instructions) 1 Invento at be innin of ear ry 9 9 Y _......._ .....................- - - - - - .............._ .. - 1 2 Purchases less cost of items withdrawn for personal use _.--..-._.. ___-._-._ ................ .........._-...._..-._.. 2 3 Cost of labor 3 4 Additional section263Arosts(attachstatement) ..-_ ..............__.,..._-___..-.....-.-..-........-.....-..... .__.-..-_--.-.._.-..-.. 4 5 Other costs (attach statement) ...._......... ....... ..... . _._-..- .-.-..._ 5 6 Total. Add lines 1 through 5 ....._... 6 7 Invento at end of ear rY Y _........... - ........_..........._... - 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 .........__...._...._._._._ -..__-...__.--_-..-_.-. 8 9 a Check all methods used lfor valuing closing inventory: (i) ~ Cost as described in Regulations section 1.471-3 (ii) 0 Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specif)y method used and attach explanation) - b Check this box if there was a writedown of'subnormal' goods as described in Regulations section 1.471-2(c) ...................__._- _-_.__._..... c Check this box if theLlFOinventorymethodwasadoptedthistaxyearforanygoods (if checked, attach Form97o) ...................................... -0 d Do the rules of section 2Ei3A (for property produced or acquired for resale) apply to the partnership? -.-.-.... 0 Yes 0 No e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? .................................... 0 Yes 0 No If'Yes; attach explanation. Rr•_hPrhdP B [)they Infnrmatinn 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b ~~ Domestic limited partnership c 0 Domestic limited liability company d C~ Domestic limited liability partnership e 0 Foreign partnership f C~ Other- 2 At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? ........................... X 3 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, ortax-exempt organization own„ directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If `Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership - -. - X b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If °Yes,' attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership X 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (iv) below .................................... X (i) Name of Corporation li Employer Identification Number (if any) (iii) Country of Incorporation (t~) Percentage Owned in Voting Stock b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If'Yes; complete (i) through (v) below ............................... ........ . - - X (i) Name of Entity It Employer Identification Number pt any) (iii)Type of Entity (iv) Country of Organization ~ Maximum Percentage Owned in Profit,~oss,orcapihai Form 1065 (2010) ot1o11 01-17-11 r~~,,,1na~r~mm Raarh TrPP TnvaRf-mantG _ TAP 20-:420101 Pane 3 Yes No 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details -....._._ ............................_......-.__..__.... X 6 Does the partnership satisfy all four of the following conditions? a The partnership's total receipts for the tax year were less than $250,000. b The partnership's total a<.~sets at the end of the tax year were less than $ 1 million. c Schedules K-1 are filed Nrith the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is not filing and is not required to file Schedule M-3 X If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Scheduie K-1. 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? ....................................................................................... X 8 During the tax year, did tlhe partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principalamountofthedebt? _...-...-.-_--_-..-.__.........-_-. 9 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? ............. ~ ............. .........-..-. X 10 At any time during calendar year 2010, did the partnership have an interest in or a signature or other authority over a financial account in ai foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements far Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country. - 11 At any time during the ta;K year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes," the partnership may have: to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gif1:s. See instructions ...... ........ - ............... - ..- . X 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? -._-..__._... _._ ............. ...._._... .,-_...__.-__._..... X See instructions for details regarding a section 754 election. b Did the partnership makes for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes; attach a statement showing the computation and allocation of the basis adjustment See instructions .-__.._----------------------- ---_-............._ .-__ -_--.--.--...._.__........-.--. X c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (.as defined under section 743(4)) or substantial basis reduction (as defined under section 734(4))? If "Yes," attach a statement showing the computation and allocation of the basis adjustment See instructions ----------------------_...........-..-.._..-.......-.---._.-----...._._......-..-.-..-..-_-.----..._...-.._.-..-...... X 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than entities wholly-owned by the partnership throughout the tax year) .._.-.._ .................__-_......-..- - ~ ' 14 At any time during the taK year, did the partnership distribute to any partner atenancy-in-common or other undivided interest in partnership property? _......... X 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions - i6 Does the partnership have any foreign partners? If "Yes; enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. - X 17 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. - Designation of Tax Matters Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of designated TMP - American Beech Investments, LLC Identifying number of TMP - 20--2419541 It the ~ Mr is an Phone entity, name of TMP representative - Philip M. Ritchie numberofTMP - (7:17) 532-3734 Address of - 628 Brad Street designated TMP Shippensburg, PA 17257 Form 1065 (2010) o11oz1 01-17-11 Formlos5 2010 Beech Tree Investments, LP 20-2420101 Page4 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (Page 1, line 22) ....-.--.--_-_ ................_-._.._..-.......-...................._._......... 1 0 . 2 Net rental real estate income (loss) (attach Form 8825) .................._.............._......._..._......-..__............... 2 3 a Other gross rental income (loss) ..--.__.--._--.._....._ 3a b Expenses from other rental activities (attach statement) .................._.....-. 3b c Other net rental income (loss}. Subtract line 3b from line 3a -----------------_..,-,_.,_,-_._-..-.--.--.,. -..._--..-..-....... 3c y 4 Guaranteed payments - __ - _ .............. _... .... ..- 4 0 5 Interest income.,..-..-. See.._.S.ta-t.ement..-.1.-.-.._--. ............................................................._ . _..... 5 23, 946. J ~, 6 Dividends: a Ordinary dividends ..........._.__ .............................__5.~.~..-.S.t.3t.~.It1~.17.t....2.-.--...-- 6a 75,420. o b Qualified dividends 6b 7 4, 5 7 6. c 7 Royalties ............................................._... 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) ............._...--_.._....-.--.--..-.--._.._._..-...--. 8 9 , 594 . 9 a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) ......... ......... ........... 9a <31, 5 3 4 . b Collectibles (28%) gain (loss)...... ..... ... ... .. 9b c Unrecaptured section 1250 gain (attach statement) ........................__.-.._ 9c 10 Net section 1231 gain {loss) (attach Forrn 4797)- 14 11 Other income(loss)(seeinstructions)Type- See Statement 3 11 118. 12 Section 179 deduction (attach Form 4562) ............................................................................................ 12 c 13 a Contributions _..._ ._....._ ............. ......._ _ -. -. -. 13a ~ b Investment interest expense ..--..--.... 13b ~ c Section59(e)(2)expenditures: (1)Type- (2)Amount- 13c(2) ~ d Other deductions (see instructions) Type - Stmt 4 13d 13 ,18 7 . w o„ 14 a Netearnings (loss) from self-employment ................................ 14a 0 . c E b Grossfarming or fishing income - - ...... ......... -~- -........... ._.__...._.-....._.......- 14b w c Gross nonfarm income ............... 14c 15 aLow-income housing credit (section 42(1)(5)) ..............................................................._._......__............. 15a b low-income housing credit (other) -..--,-.. 15b c Qualrfied rehabilitation expenditures (rental real estate) (attach Form 3468) .-__.._--__-.-...__._ ... .............._._.. 15c °' U d Other rental real estate credits (see instructions) Type - 15d e Other rental credits (see instructions) Type - 15e f Other credits (see instructions) Type - 15f 16 a Name of country or U.S. possession - Varl OuS Countries bGrossincomefromallsources ........................__.-__..-------.-........___S.ee--.S.ta.tement 8 ...... . 16b 150,150. c Gross income sourced at partner level .-. ..._..... _.._- ......__ _.._ _......_-.. 16c y c Foreign gross income sourced at partnership level +_~ ~ Passive d category - e General category -..-.. - 2 , 474. f Other --.-.. - 16f c Deductions allocated and apportioned at partner level m ~ g Interestexpense- h Other ......................................................... - 16h ~ Deductions a//ocafed and apportioned at partnership level to foreign source income 'm o Passive i category - j General category -..-.. - k Other --.-.. - 16k LL I Total foreign taxes (check one): - Paid © Accrued ~ --------------_-,...-_.._._..__---._._-.__._.._._.-.- i61 371 . mReduction in taxes available for credit (attach statement) ........................................................................... 16m n Other foreign tax information (attach statement) . ........... _ ...... ......... 17 a Post-1986 depreciation adjustment .......... .........................._..... - - _...... 17a Xy >~ E b Adjusted gain or loss _ _ - .._._ ................... - .......... ........-..... -._ _.._..........._.. 17b c 3Y c Depletion (other than oil and gas) ........ ...................... .............. ........ ....................... ........ 17c a, E~ ' ~ d Oil, gas, and geothermal properties -gross income .................................................................................... 17d " c ~~a e0il,gas,andgeothermalproperties-deductions ...... ........ ......... ......... -_.-_.. .-....-.._..-.. 17e f Other AMT items (attach statement) ...... ....... -.. .. _....5.~.~..-.S.t.at.eme.n,t....5.......... 17f 41 , 0 7 2 . 18 aTax-exempt interest income ............................................................S_e.@....S.tatement..-.6....-_-- 18a 41, 0 72 . c b Other tax-exempt income 18b c Nondeductibleexpenses ..................................................................S.e.e....S.t3_t_eI[leilt_.--7.--_-__-__ 18c 4, 971. £ 19 a Distributions of cash and marketable securities --_ ............... .......... ,...__..........._.-..-.. 19a o c b Distributions of other roe __..-..--. P P rtY _.........._ ................... ~ - _.............._..-.... - 19b d 20 a Investment income 20a 9 9, 4 8 4. p b Investmentexpenses _ - - - - _._._ ..................._...... - - _.......... 20b 13,187. c Other items and amounts attach statement ...... ....... ..............._................. .-...... .. .........._.._ Form 1065 (2010) ottoat of-n-tt Form 1065{2010) Beech Tree Investments, LP 20-2420101 Pages Analysis of Net Income (Loss) 1 Net income (loss)- Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through tad, and 161 ............... 1 6 3 , 9 8 6 . 2 Analysis by partner type: a General partners b Limited partners (ii) individual (iii) Individual (v) Exempt (i) Corporate (active) (passive) (iv) Partnership organization (vi) Nominee/Other 640. 63,346. ~ Schedule L ~ Balance Sheets per Books Beginning of tax year End of t ax year Assets (a) (b) (c) (d) 1 Cash 549, 215. . 373, 924. 2a Trade notes and accounts receivable _..... b Less allowance for bad debts 3 Inventories 4 U.S. government obligatiGns 5 Tax-exempt securities .____. -- 6 Other current assets (attach statement) __. tatement 9 8 6 0 . ' 8 6 0 . 7 Mortgage and real estate loans 8 Other investments (attach statement) .____ tatement 1 O 4, 8 5 3, 0 3 7. 5 ,12 8, 415 . 9a Buildings and other depreciable assets b Less accumulated depreciation 10a Depletable assets _...... . b Less accumulated depletion _ .................. 11 Land (net of any amortization) ............... 12a Intangible assets (amortizable only) _._..__ b Less accumulated amortization 13 Other assets (attach statement)..... _. _. 14 Total assets 5, 4 0 3, 112. 5, 5 0 3 ,19 9. Liabilities and Capital 15 Accounts payable .__.....__ 16 Mortgages, notes, bonds payable in less than 1 year 17 Other current liabilities (attach statement) 18 All nonrecourse loans 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach statement) ......_.. 21 Partners'capitalaccounts_._ .. ............... 5,403,112. 5,503,199. 22 Total liabilities and capital ...... ........... _.. 5 , 4 0 3 , 112. 5 , 5 0 3 , 19 9 . Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M3 may be required instead of Schedule M•1 (see instructions). 1 Net income (loss) per books 10 0 , 0 8 7 . 6 Income recorded on books this year not included 2 Income included on Scheliule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11„ not recorded on books this year (itemize): on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 41 , 0 7 2 . 41 , 0 7 2 . 3 Guaranteed payments (other than health insurance) ......................._, _...._....___._...... 7 Deductions included on Schedule K, lines 1 through 13d, and 161, not charged against 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 161 (itemize): book income this year (itemize): a Depreciation $ a Depreciation $ b Travel and entertainment $ 8 Add lines 6 and 7 ..... ,._ ...................._ ._. ,_ 41 , 0 7 2 . Stmt 12 4 , 9 71 .. 4 , 9 71 . 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 through 4 .................................... 10 5 , 0 5 8 . line 1). Subtract line 8 from line 5 .................. 6 3 , 9 8 6 . '' Schedule' M=2 Analysis of Partners' Capital Accounts 1 Balance at beginning ofyea.r __.__ ................... 5,403,112. 6 Distributions: aCash 2 Capital contributed: aCash .__..__ ................... bProperty ._..___..._._.__.__.___._. b Property ._ _ ................ 7 Other decreases (itemize): 3 Net income(loss)perbooks __, .._.._.._._._..__.._. 100, 087. 4 Other increases (itemize): 8 Add lines 6 and 7 5 Add lines 1 through 4 .................................... 5 , 5 0 3 ,19 9 . 9 Balance at end of year. Subtract line 8 from line 5 5 , 5 0 3 , 19 9 . at_t~_f~ Form 1065 (2010) SCHEDULE B-1 Information on Partners Owning 50% or (Form 1065) (December 2009) More of the Partnership Department of the Treasury OMB No. 1545-0099 Internal Revenue Service - Attach to Form 1065. See instructions. Name of partnership Employer identification number Beech Tree Investments, LP ;?0-2420101 Part. f I Entities Owning 50% or More of the Partnership(Form 1os5, Schedule B, Question 3a) Complete columns() through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a pa.rtnership), trust, or tax-exempt organization that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Ca ital Part 11 Individuals or Estates Owning 50°i° or More of the Partnership(Form 1065, Schedule B, Question 3b) Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Individual or Estate (ii) Identifying Number (if any) (iii) Country of Citizenship (see instructions) (iv) Maximum Percentage Owned in Profit, Loss, or Ca ital Helen F Crouse 195-32-0870 United States 99.00 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-1 (Form 1065) (12-2009) o2asst os-ot-to SCHEDULE D (Form 1065) Department of the Treasury Internal Revenue Service Capital Gains and Losses - Attach to Form 1065. ~ See separate instructions. Use Schedule D-1 to list additional transactions for lines 1 and 1. OMB No. 1545-0099 2010 Employer identification nui Beech Tree Investments, LP ~ 20-2420101 Part 1 Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 shares of'Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1 200 BP Amoca PLC 06/04/09 04/30/10 10,400. 10,22(). 180. 200 BP Amoco PLC 06/04/09 05/14/10 9,192. 10,220. <1,028. 50,000 Dauphin County PA 3.5~ 03/19/10 05/13/10 50,000. 50,08:?. <82. 200 Entergy Corporation 07/07/09 06/24/10 14,675. 14,699. <24. 100 Flowserve Corporation 07/08/09 01/13/10 10,326. 6,191. 4,135. 2 Enter short-term capital gain or (loss), if any, frorn Schedule D-i, line 2 ____._.....___._...._..______.,....._ .............._._......__ .._. 2 6 , 413 . 3 Short-term capital gain from installment sales from Form 6252, line 26 or 37 ...._ ._ ........................._....._._,_...__._.._...._...... _. 3 4 Short-term capital gain {loss) from like-kind exchanges from Form 8824 ....._. __ ..__._. _.. _.___...__. _ .. 4 5 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships,estates, and trusts........_._..___ ..............................._.__.._.........___.........._____ 5 6 Net short-term capital gain or (loss). Combine lines 1 through 5 in column (f). Enter here and on Form 10fi5, Schedule K, line 8 or 11 ......................... 6 9 , 5 9 4 . I'_ Part 11 I Lona-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7 200 Transocean LTD 04/30/08 04/30/10 14,458. 29,13(). <14,672. 300 Transocean. LTD 10/06/08 05/06/10 19,950. 25,69:?. <5,742. 200 BP Amoco PLC 12/22/08 05/14/10 9,192. 8,884. 308. 300 BP Amoco PLC 12/01/08 05/14/10 13,788. 13,10'l. 681. 50 BP Amoco PLC 11/12/08 05/14/10 2,298. 2,130. 168. 8 Enter long-term gain or (loss), if any, from Schedule D-1, line 8 8 <13 , 3 6 8 . 9 Long-term capital gain from installment sales from Form 6252, line 26 or 37 .............................................................................. 9 10 Long-term capital gain (loss) from like-kind exchangesfrom Form 8824 ..............._,..___..-_....__._._.._.._____..-.--..-._._-_..-___._-__,_- 10 11 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains(losses), from other partnerships, estates, and trusts ______________--.-_._...-_._....-...-.-_..-..-.__.._....__-.-._ _.._.__. 11 12 Capital gain distributions -...... ..... _........... t2 1, 0 91. 13 Net long-term capital gain or (loss). Combine lines 7 through 12 in column (f). Enter here and on Form 1065, Schedule K, line 9a or 1i ..................................................................._............._.__-----.......-------.--_...... 13 <31 5 34 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. .~ Schedule D (Form 1065) 2010 011171 01-31-11 SCHEDULE D-1 Continuation Sheet for Schedule D (Form 1065) (Form 1065, 1065-B, or 8865) Department of the Treasury ~ See instructions for Schedule D of the applicable return. Internal Revenue Service ~ Attach to Schedule D of the applicable return to list additional transactions. on return Beech Tree Investments, LP OMB No. 1545-0099 2010 rue~r's iaentrrying number 2.0-2420101 ''Part 1 ~ Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 124 Frontier Communications Corporation 12/04/09 07/27/10 185. 194. <9. 167.9801 Frontier Communications Corporation 02/05/10 07/27/10 1,293. 1,18i'. 106. 300 Hawkins, Inc. 04/05/10 10/28/10 10,479. 7,398. 3,081. 100 International Business Machines 06/04/09 01/27/10 12,500. 10,633. 1,867. 800 Xcel Energy, Inc. 07/07/09 05/25/10 15,968. 14,60G. 1,368. 2 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 2 ~ 6 , 413 . IITT775 of-zs-t t LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2010 Schedule D-1 Form 1065 2010 Pa e 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. F~if~rs .de^e~ry~^9 ^~mbe~ Beech Tree Investments, LP ~ 20-2420101 rPart I~ 1 non-TPrm [:anital Gains and Losses - Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co-) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e} Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7 150 BP Amoco PLC 11/12/08 05/17/10 6,894. 6,390. 504. 600 BP Amoco PLC 12/05/08 05/17/10 27,576. 25,45]_. 2,125. 25,000 Big Spring School District 3.55 08/02/05 12/01/10 25,000. 24,819. 187. ~ 50,000 Broadway School District 5~ 09/11/07 04/23/10 50,000. 50,000. 0. 25,000 Carlisle Borough 3.4~ 06/23/05 10/01/10 25,000. 25,01~i. <15. 100 Caterpillar, Inc. 06/06/08 01/19/10 5,960. 8,08~i. <2,125.. 100 Caterpillar, Inc. 04/11/08 01/19/10 5,960. 7,488. <1,528. 100 Caterpillar, Inc. 07/02/08 01/19/10 5,960. 7,214. <1,254. 200 Dicks Sporting Goods, Inc. 11/05/08 05/06/10 5,385. 3,120. 2,265. 100 Dicks Sporting Goods,. Inc. 11/05/08 06/29/10 2,530. 1,560. 970. 100 Dicks Sporting Goods,. Inc. 11/05/08 06/30/10 2,494. 1,560. 934. $ 50,000 Discover Bank 5.5~ 06/27/07 12/02/10 55,513. 50,000. 5,513. 100 Entergy Corporation 05/30/08 04/05/10 8,138. 12,100. <3,962. 100 Entergy Corporation 12/22/08 04/05/10 8,138. 8,129. 9. 200 Entergy Corporation 12/05/08 04/05/10 16,276. 15,780. 496. 100 Entergy Corporation 12/05/08 04/14/10 8,105. 7,890. 215. 100 Entergy Corporation 12/05/08 06/24/10 7,337. 7,890. <553. 50,000 Federal Home Loan Bank 5.33$ 05/21/07 06/11/10 50,000. 50,000. 0. $ 50,000 Federal Home Loan Bank 5.50 06/01/07 06/11/10 50,000. 50,000. 0. 200 Flowserve Corporation 10/06/08 01/13/10 20,652. 13,50Ei. 7,146. 96.0159 Frontier Communications Corporation 06/04/09 07/27/10 739. 698. 41. $ 55,000 Harrisburg PA 0~ 10/04/05 09/10/10 35,349. 37,84~i. <2,496. 100 Ishares Russell 1000 Large Cap Growth 03/28/07 01/26/10 4,850. 5,57]_. <721. 100 Ishares Russell 1000 Large Cap Growth 01/18/08 01/26/10 4,850. 5,482. <632. 100 Ishares Russell 1000 Large Cap Growth 01/18/08 02/09/10 4,783. 5,48'.. <699. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 {for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) o~zs-ii Schedule D-1 (Form 1065) 2010 Schedule D-1 Form 1065 2010 Pa e 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. F~i~'S ~de~tar^e ^~mbe~ Beech Tree Investments, LP 20-2420101 ~° Part I1 Long-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c}Date sold (mo., day, yr.) d Sales rice ( ) p (e) Cast or other basis (f) Gain or {loss) Subtract (e) from (d) 7 400 Ishares SP 05/10/07 05/25/10 12,615. 22,859. <10,244.: 100 Jacobs Energy Group, Inc. 09/25/08 11/12/10 4,158. 5,769. <1,611.: 100 Jacobs Energy Group, Inc. 10/03/08 11/12/10 4,158. 4,55:L. <393.: 50 Jacobs Energy Group, Inc. 01/22/20 11/12/10 2,079. 2,135. <56.: 200 Jacobs Energy Group, Inc. 12/22/08 11/15/10 8,400. 8,541. <141.: 50 Jacobs Energy Group, Inc. 12/22/08 11/18/10 2,098. 2,13!i. <37.: 150 Jacobs Energy Group, Inc. 05/17/06 11/18/10 6,294. 6,035. 259. 100 Jacobs Energy Group, Inc. 05/19/06 11/18/10 4,196. 3,86'1. 329. 100 Loews Corporation 09/25/08 10/13/10 3,983. 4,23:L. <248.: 150 Loews Corporation 08/21/08 10/13/10 5,974. 6,18:L. <207.: 250 Loews Corporation 10/06/08 10/13/10 9,957. 8,575. 1,382. 200 Parker Hannifin Corporation 06/03/08 04/05/10 13,246. 16,50'7. <3,261. 100 Parker Hannifin Corporation 06/06/08 04/05/10 6,623. 8,054. <1,431. 100 Parker Hannifin Corporation 06/06/08 04/05/10 6,623. 7,87:2. <1,249.. 200 Parker Hannifin Corporation 06/20/08 10/19/10 15,237. 15,399. <162. 10 0 Parker Han.ni f in Corporation 06/12/08 10/19/10 7,618. 7,652. <34. 100 Parker Hannifin Corporation 01/18/08 10/19/10 7,618. 6,27:L. 1,347. 100 Parker Hannifin Corporation 08/01/08 10/19/10 7,619. 6,07!3. 1,540. 100 Parker Hannifin Corporation 09/25/08 10/19/10 7,618. 5,384. 2,234. 150 US Bancorp 05/24/07 11/23/10 3,627. 5,138. <1,511. 100 US Bancorp 06/08/07 11/23/10 2,418. 3,399. <981. 200 US Bancorp 05/21/08 11/23/10 4,837. 6,616. <1,779. 100 US Bancorp 07/25/07 11/23/10 2,418. 3,09!3. <681. 350 US Bancorp 06/18/08 11/23/10 8,464. 10,570. <2,106. 100 US Bancorp 09/19/05 11/24/10 2,395. 2,958. <563. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) 0 2s-i i Schedule D-1 (Form 1065) 2010 Schedule D-1 Form 1065 2010 Pa e 2 Name shown on return. Do not enter name and filer's identifying number if shown on other side. F~ier'S ~ae~t~ryrn9 ~~mb~r Beech Tree Investments, LP 20-2420101 Part !I Long-Term Capital Gains and Losses - Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b}Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e}from (d) 7 100 US Bancorp 09/15/05 11/24/10 2,395. 2,950. <555. 400 US Bancorp 12/22/08 11/24/10 9,579. 9,523. 56. 200 Xcel Energy, Inc. 03/04/08 05/25/10 3,992. 4,040. <48. 300 Xcel Energy, Inc. 06/27/06 05/25/10 5,988. 5,62!i. 363. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) <13 , 3 6 8 . > Qrrr ai-zs-ii Schedule D-1 (Form 1065) 2010 Beech Tree Investments, LP 20-2420101 Schedule K Interest Income Statement 1 Description Orrstown Bank Orrstown Bank Total to Schedule K, Line 5 U.S. Bonds Other 15,588. 8,358. 8,358. 15,588. Schedule K Dividend Income Statement 2 Description Orrstown Bank Total to Schedule K, Lines 6a & 6b Ordinary Qualified Dividends Dividends 75,420. 74,576. 75,420. 74,576. Schedule K Other Income (Loss) Statement 3 Description Mscellaneous Portfoilo Income Total Included in Schedule K, Line 11 Amount 118. 118. Schedule K Deductions Related to Portfolio Income Statement 4 Description Amount Investment Expense From Form 1099-DIV 11,292. Professional Fees 1,895. Total included on Schedule K, Line 13d 13,187. Statement(s) 1, 2, 3, 4 Beech Tree Investments, LP 20-2420101 Schedule K Other Adjustments and Tax Preference Items Statement 5 Description Adjusted current earnings from the partnership Total to Schedule K, Line 17f Amount 41,072. 41,072. Schedule K Tax-Exempt Interest Income Statement 6 Description Amount Orrstown Bank 39,322. Orrstown Bank 1,750. Total to Schedule K, line 18a 41,072. Schedule K Nondeductible Expense Description Investment Expenses Allocated to Tax Exempt Income Total to Schedule K, Line 18c Statement 7 Amount 4,971. 4,971. Statement(s) 5, 6, 7 Beech Tree Investments, LP 20-2420101 Schedule K Gross Income from All Sources Statement 8 Income Type Total Dividends/Distributions 75,420. Interest 23,946. Capital Gains 9,594. Trade or Business 0. Rent/Royalty 0. State/Local Refunds 0• Partnership/S Corporation 0. Trust/Estate 0. Other Income 118. Nontaxable Income 41,072. Total to Schedule K, Line 16b 150,150. Schedule L Other Current Assets Statement 9 Description Beginning of End of Tax Tax Year Year Account Receivable - Partners 860. 860. Total to Schedule L, Line 6 860. 860. Schedule L Other Investments Statement 10 Description Common Stocks Corporate Bonds and Notes Municipal Bonds and Notes Mutual Funds U.S. Government Agency Obligations Total to Schedule L, Line 8 Beginning of Tax Year End of Tax Year 2,677,332. 297,568. 981,281. 697,416. 199,440. 4,853,037. 2,421,942. 334,535. 1,194,717. 1,077,781. 99,440. 5,128,415. Statement(s) 8, 9, 10 Beech Tree Investments, LP 20-2420101 Form 1065 Partners' Capital Account Summary Statement 11 Partner Beginning Number Capital 1 45,987. 2 4,339,852. 4 461,527. 6 555,746. Total 5,40:3,112. Capital Schedule M- 2 With- Ending Contributed Lns 3, 4 & 7 drawals Capital 1,001. 46,988. 85,976. 4,425,828. 6,555. 468,082. 6,555. 562,301. 100,087. 5,503,199. Sta.tement(s) 11 Beech Tree Investments, LP 20-2420101 Schedule M-1 Expenses Recorded on Books Not Deducted in Return Statement 12 Description Investment Expenses Allocated to Tax Exempt Income Total to Schedule M-l, Line 4 Amount 4,971. 4,971. Statement(s) 12 1 651110 Schedule K-1 ~n i n 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2010, a'tax ~'~ ~ v Department of the Treasury year beginning Part III Partner's Share of Current Year Income, DedUCtlOnS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits CredltS, etC. ~ See Separate IOStrnCtlOnS. 2 Net rental real estate income (loss) 16 Foreign transactions i 3 other net rental income (loss) Various Count p Partl Information About the Partnersh 1,502. A Partnership's employer idf;ntification number 4 Guaranteed payments 2 5 . 20-2420101 4. B Partnership's name, address, city, state, and ZIP code 5 Interest income 240. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 7 5 4 . 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b Oualifieddividends C IRS Center where partnership filed return 7 4 6 . Cincinnati , OH 7 Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) 96. nondeductible expenses * STMT ' 9a Net long-term capital gain (loss) * 5 0 . Part II Information About the Partner <315. E Partner's identifying number 20-2419541 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain 20 Other information American Beech Investments, LLC 10 Net section 1231 gain (loss) 995. 628 Brad Street 132. Shi ppensburg , PA 17 2 5 7 11 Other income (loss) * 8 4 . 6 X General partner or Ll_C Limited partner or other LLC * 1 . member-manager member H OX Domestic partner ~ Foreign partner I What type of entity is this partner? Partnership 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 1.0000000% 1.0000000% Loss 1.0000000% 1.0000000% Capital 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse ...._.........__ ............... $ Qualifiednonrecoursefinancing ........................ $ "See attached statement for additional inf ormation. Recourse $ 0 . L Partner's capital account analysis: Beginning capital account _._ ............._-,. $ 45, 987. Capital contributed during the year $ Currentyear increase (decrease) ........................ $ 1 , 001. Withdrawals & distributions ............. .. ........... $( ) Ending capital account _ ._..-- _ .............._. $ 46, 988. OX Tax basis ~_~ GAAP ~ Section 704(b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? Yes ~ No If'Yes", attach statement (see instructions) T ~ ~ o of ~za-i, LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2010 1 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Income, Box 11, Code A Description Partner Filing Instructions Amount Mscellaneous Portfoilo Income 1. Total to Schedule K-1, Box 11, Code A 1. Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Investment Expense From Form 1099-DIV Professional Fees Amount 113. 19. Total to Schedule K- 1, Box 13, Code L 132. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 393. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 18. Total to Schedule K- 1, Box 18, Code A 411. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Fili ng Instructions Amount Investment Expenses Allocated to Tax Exempt Income 50. Total to Schedule K- 1, Box 18, Code C 50. Partner Number 1 Beech Tree Investments, LP Partner Filing Instructions Amount Schedule K-1 Other Information, Box 20, Code Y Description U.S. interest (part of In 5/6a} See state instructions 84. Schedule K-1 Current Year Increases (Decreases) Description Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Other portfolio income Schedule K-1. income subtotal Portfolio deductions Foreign taxes Schedule K-]. deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item L Amount 240. 754. 96. <315.> 1. 20-2420101 Totals 776. <132.> <4.> <136.> 411. <50.> 361. 1,001. Partner Number 1 z 651110 Schedule K-1 ~n i n ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1085) For calendar year 2010, or tax ~~ ~~ Department of the Treasury year beginning Part. 111 'Partner's Share of Current Year Income, DedUCtlOnS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits CredltS, etC. ~ $ee Separate IUStrUCtlOnS. 2 Net rental real estate income (loss) 16 Foreign transactions ' 3 other net rental income (lass) Various Count Information About the Partnership Part I 128,980. A Partnership's employer identification number 4 Guaranteed payments 2 , 12 5 . 20-2420101 318. B Partnership's name, address, city, state, and ZIP code 5 Interest income 20,569. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 6 4 , 7 8 7 . 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b Qualified dividends C IRS Center where partnership filed return 6 4 , 0 61. Cincinnati , OH 7 Royalties 18Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) 8,241. nondeductible expenses * STMT 9a Net long-term capital gain (loss) * 4 , 2 7 0 . Part II Information About the Partner <27,088. E Partner's identifying number 195-32-0870 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain 20 Other information Helen F CrOUSe 10 Net section 1231 gain (loss) 85 , 458 . 206 East Burd Street 11,328. Shippensburg, PA 17257 1l other income (loss) * 7,179. G General partner or Ll_C X Limded partner or other LLC * 10 2 . member-manager member H ~ Domestic partner ~~ Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 85.9008000% 85.9008000% Loss 85.9008000% 85.9008000% Capital 8 5. 9 0 0 8 0 0 0% 8 5. 9 0 8 0 0 0 0% 14 Self-employment earnings (lass) K Partner's share of liabilitie:> at year end: 0 . Nonrecaurse -__ __- ......._.__._..-------.._.._ . $ Qualified nonrecourse financing ...................... . $ *See attached statement for additional information. Recourse $ 0 . L Partner's capital account analysis: Beginning capital account _ ............... $ 4, 3 3 9, 8 5 2. Capital contributed during the year ____- - $ Current year increase (decrease).._._..__._..__.-__ $ 8 5 , 9 7 6 . Withdrawals & distributions _ ................. ... ._ $( ) Ending capital account _... ._ ........................ $ 4, 425, 828. OX Tax basis L] GAAP 0 Section 704(b) book Other (explain) M Did the partner contribute property with abuilt-in gain or loss? Yes 0 No If °Yes', attach statement (see instructions) o ~ o VIIGOI of-2a-tt LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2010 2 Beech Tree Investments, LP 9,700. 1,628. Schedule K-1 Other Portfolio Income, Box 11, Code A Description Partner Filing Instructions Mscellaneous Portfoilo Income 20-2420101 Amount 102. Total to Schedule K-1, Box 11, Code A 102. Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Amount Investment Expense From Form 1099-DIV Professional Fees Total to Schedule K-1, Box 13, Code L 11,328. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) Total to Schedule K-1, Box 18, Code A Amount 33,778. 1,503. 35,281. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income Total to Schedule K-1, Box 18, Code C 4,270. 4,270. Partner Number 2 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 7,179. Schedule K-1 Current Year Increases (Decreases) Description Amount Totals Interest income 20,569. Dividend income 64,787. Short-term capital gain (loss) 8,241. Long-term capital gain (loss) <27,088.> Other portfolio income 102. Schedule K-"1 income subtotal 66,611. Portfolio deductions <11,328.> Foreign taxes <318.> Schedule K-l deductions subtotal <11,646.> Tax-exempt interest income 35,281. Nondeductible expenses <4,270.> Other increases or decreases subtotal 31,011. Total to Schedule K-1, Item L 85,976. Partner Number 2 4 651110 Schedule K-1 ~nin Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2010, or tax ~~ ~ ~ Department of the Treasury year beginning Part I11 Partner's Share of Current Year Income, DedUCtIOnS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 15 Credits Credlt$, etC. ~ See Separate 1t1StrUCtIOnS. 2 Net rental real estate income (loss) i6 Foreign transactions 3 other netrental income Goss) Various Count Part 1 Information About the Partnership 9,834. A Partnership's employer identification number 4 Guaranteed payments 16 2 . 20-2420101 25. B Partnership's name, address, city, state, and ZIP code 5 Interest income 1,569. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 4 , 9 3 9 . 17 Alternative min tax (AMT) items Shippensburg, PA 17257 6b Oualifieddividends C IRS Center where partnership filed return 4 , 8 8 5 . Cincinnati, OH 7 Royalties 18Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) 629. nondeductible expenses * STMT 9a Net long-term capital gain (loss) * 3 2 5 . ...Part II Information About the Partner <2,066. E Partner's identifying number 162-46-4349 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain Philip M Ritchie 200therinformation and Jean C . Ritchie 10 Net section 1231 gain (loss) 6 , 515 . 628 Brad Street 863. Shippensburg , PA 17 2 5 7 11 Other income (loss) * 5 4 8 . G General partner or LLC X Limited partner or other LLC * 7 member-manager member H ©Domestic partner 0 Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 6.5496000% 6.5496000% Loss 6.5496000% 6.5496000°~° Capital 6 .5 4 9 6 0 0 0% 6.5 4 9 6 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 Nonrecourse -....._ -- ......_ _... $ Qualified nonrecourse financing ........................ $ 'See attached statement for additional in formation. Recourse $ D L Partner's capital account analysis: Beginning capital account _.__.___.__.....-, $ 461,527. Capital contributed during the year .-..._... $ Currentyear increase (decrease) ........................ $ 6 , 555. Withdrawals & distributions . . .......................... $( ) Ending capital account .................................. $ 468,082. OX Tax basis [~ GAAP ~ Section 704(b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes ~ No If "Yes", attach statement (see instructions) o ~ o UllCbl o1-2a-11 t_HA For Paperwork Reduction Act Notice, see Instructions for Farm 1065. Schedule K-1 (Farm 1065) 2010 4 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Income, Box 11, Code A Description Partner Filing Instructions Amount Mscellaneous Portf oilo Income 7. Total to Schedule K-1, Box 11, Code A 7. Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Amount Investment Expense From Form 1099-DIV 739• Professional Fees 124. Total to Schedule K-1, Box 13, Code L 863. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Fili ng Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 2,576. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 114. Total to Schedule K- 1, Box 18, Code A 2,690. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 325. Total to Schedule K- 1, Box 18, Code C 325. Partner Number 4 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions Amount U.S. interest {part of In 5/6a) See state instructions 548. Schedule K-1 Current Year Increases (Decreases) Description Amount Totals Interest income 1,569. Dividend income 4,939. Short-term capital gain (loss) 629. Long-term capital gain (loss) <2,066.> Other portfolio income 7. Schedule K-1 income subtotal 5,078. Portfolio deductions <863.> Foreign taxes <25.> Schedule K-1 deductions subtotal <888.> Tax-exempt interest income 2,690. Nondeductible expenses <325.> Other increases or decreases subtotal 2,365. Total to Schedule K-1, Item L 6,555. Partner Number 4 6 Schedule K-1 65111D ~n i n n Final K-1 n Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2010, or tax ~~ ~ v Department of the Treasury year beginning Part 111 'Partner's Share of Current Year Income, DedUCtlOnS, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etc. - see separate instructions. 2 Net rental real estate income 1io551 16 Foreign transactions i A h P hi rt 3 other net rental income (lass) Var. ious Count on bout t artners p I Informat e Pa 9,834. A Partnership's employer identification number 4 Guaranteed payments 16 2 . 20-2420101 24. B Partnership's name, address, city, state, and ZIP code 5 Interest income 1,568. Beech Tree Investments, LP 6a Ordinary dividends 6 2 8 Brad Street 4 , 9 4 0 . 17 Alternative min tax (AMT) items Shippensburg , PA 17 2 5 7 6b Qualified dividends C IRS Center where partnership filed return 4 , 8 8 4 . Cincinnati, OH 7 Royalties 18 Tax-exeimpt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (lass) 628. nondeductible expenses * STMT P r 9a Net long-term capital gain (loss) * 3 2 6 . t 11 Information About the Partner a <2,065. E Partner's identifying number 199-36-5778 96 Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain James R Crouse 200therinformation and Tace Crouse 10 Net section 1231 gain (lass) 6 , 516 . 931 Foxfire Trail 864. Oviedo , FL 3 2 7 6 5 11 Other income (loss) * 5 4 7. ~ General partner or LI_C X Limited partner or other LLC * 8 . member-manager member H 0 Domestic partner ~~ Foreign partner I Whattype of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 6.5496000% 6.5496000% Loss 6.5496000% 6.5496000°~° Capital 6.5 4 9 6 0 0 0% 6 .5 4 9 6 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse $ Qualifiednonrecoursefinancing _____._.,_....__.._.,. $ `See attached statement for additional inf ormation. Recourse ______.,_ __. _ _ $ 0 . L Partner's capital account analysis: Beginning capital account ..._.... $ 5 5 5 , 7 4 6 . Capital contributed during the year .............. $ Current year increase(decrease)_..___ ................. $ 6,555. Withdrawals & distributions .............................. $( ) Ending capital account _._._. _ __________________________ $ 562, 301. OX Tax basis [_~ GAAP ~ Section 704(b) book Other (explain) M Did the partner contribute property with abuilt-in gain or loss? Yes OX No If'Yes', attach statement (see instructions) ?, o ~ o of-za-t i LHA For Paperwork Reduction Act Notice, see Instructions for form 1065. Schedule K-1 (Farm 1065) 2010 6 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Income, Box 11, Code A Description Partner Filing Instructions Amount Mscellaneous Portfo ilo Income 8. Total to Schedule K -1, Box 11, Code A 8. Schedule K-1 Other Portfolio Deductions, Box 13, Code L Description Partner Filing Instructions Amount Investment Expense From Form 1099-DIV 740. Professional Fees 124. Total to Schedule K -l, Box 13, Code L 864. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 2,575. Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) 115. Total to Schedule K -1, Box 18, Code A 2,690. Schedule K-1 Nondeductible Expenses, Box 18, Code C Description Partner Filing Instructions Amount Investment Expenses Allocated to Tax Exempt Income 326. Total to Schedule K -1, Box 18, Code C 326. Partner Number 6 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Information, Box 20, Code Y Description Partner Filing Instructions Amount U.S. interest (part of In 5/6a) See state instructions 547. Schedule K-1 Current Year Increases (Decreases) Description Amount Totals Interest income Dividend income Short-term capital gain (loss) Long-term capital gain (loss) Other portfolio income Schedule K-1 income subtotal Portfolio deductions Foreign taxes Schedule K-1 deductions subtotal Tax-exempt interest income Nondeductible expenses Other increases or decreases subtotal Total to Schedule K-1, Item L 1,568. 4,940. 628. <2,065.> 8. 5,079. <864.> <24.> <888.> 2,690. <326.> 2,364. 6,555. Partner Number 6 1065 U.S. Return of Partnership Income OMB No. 1545-0099 Form Department of the Treasury Fo r calendar year 20,1, or tax year beginning ,ending 2011 Internal Revenue Service E X ension ranted to 0 17 12 A Principal business activity Name of partnership D Employer identification number Investments eech Tree Investments LP 20-2420101 B Principal product or service P0~ t Number, street, and room or suite no. If a P.O. box, see the instructions. ~ Date business started ~`pe• 628 Brad Street 03/11/2005 Investments City or town, state, and ZIP code IF Total assets C Business code number 525990 hi ensbur PA 17257 :6 7,015,125. G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5;1 0 Amended return (6) 0 Technical termination -also check (1) or (2) H Check accounting method: (1) ®Cash (2) ~ Accrual (3) ~ Other (specify} - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 5 J Check if Schedules C and M -3 are attached Caution. Include only trade or business income and expenses on lines 7a through 22 below. See the instructions for more infom?ation. 1 a Merchant card and third-party payments (including amounts reported on Form(s) enter -0- _..... 1099-K). For 2011 is 0 . , ..._ ............................................ ...................... b Gross receipts or sales not reported on line 1a ib ................................ c Total. Add lines is and 1b _..... 1c .. _ ............... ........................................ d Returns and allowances plus any other adjustments to line 1 ... 1d ~ .'.. e Subtract line 1d from line 1c ie E ~ .-__..._...._ ........................ r 2 Cost of goods sold I;attach Form 1125-A) 2 U C - .................... 3 Gross profit Subtract line 2 from line 1e 3 ...... and trusts (attach statement) estates 4 Ordinary income (loss) from other partnerships 4 , , 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5 line 17 (attach Form 4797) ...._.................... Part II 6 Net gain (loss) from Form 4797 6 .___..._._ ............._.................- , , 7 Other income (loss) (attach statement) 7 _...... .............. . 7 8 Total income loss .Combine lines 3 throw h 8 . ............_..._............. _. 9 Salaries and wages (other than to partners) !less employment credits) 9 .. ............................ . 0 ... _... 10 Guaranteed payments to partners 10 .y ........................ __. ......... _ . . 11 Repairs and maintenance 11 ................... . ..._._.._..........._......._........_._....._..........._ ......................._. ................ 12 Bad debts 12 .._.._.........._.._ ............._._........_._......_.......... 0 ....................................._.. 13 Rent . 13 .. ...................... ................................................_......_......................... ~ .._....._.... 14 Taxes and licenses 14 ...._ ....................................._..........._.....__............................................_.__. 15 Interest 15 .. .._.......-..--.._.-.... i6 a Depreciation (if required, attach Form 4562) i6a .............._.,,,-...._.. - . ~ ................. b Less depreciation reported on Form 1125-A and elsewhere on return 16b 16c ~ .... ............................ ..... 17 Depletion (Do not deduct oil and gas depletion.) it N . ........................................................... 18 Retirement plans, etc. 18 19 Employee benefit programs ......................................_._ ..._. . ... 19 0 _ . .............._.........__................................... ....... 20 Other deductions (attach statement) 2U m _..._..___ ..................................... 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throw h 20 21 ~ 22 Or dina business income loss .Subtract line 21 from line 8 22 ~ 0 . Under penalties of perjury, 1 declare that I have examined this return, including accompanying schedules and statements, and to the best of my kncwledge and belief, it is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any Sign knowledge. May the IRS discuss this return Here with the preparer shown below ' Signature of general partner or limited liability company member manager ' Date (see instr.)? YeS NO PrinVType preparer's name Preparer's signature Date Check if PTIN radley H . Kearns , ~- ~ self-employed Paid ember of the Firm 1. g`liN~i P00149453 Preparer Firm's name - use only Smith Elliott Kearns & Com any, LLC Firm'sEIN - 52--0783935 Firm's address -8 0 4 Wayne Avenue Chambersburq, PA .1.7201 Phone no. 71'7 263-3910 ,,,oo, LHA For Pa erwork Reduction Act Notice, see se orate instructions. Form 1065 2011 Form • oo • (Rev. November 2011) Department of the Treasury Internal Revenue Service Name Print or Type i Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns - File a separate application for each return. - See separate instructions. Beech Tree Investments LP Number, street, and room or suite no. (If P.O. box, see instructions.) 628 Brad Street City, town, state, and ZIP code (If a foreign address, enter city, province or state, and country (follow the country's practice for entering postal code)). Shi ensbur PA 17257 File re uest for extension b the due date of the return for which the extension is ranted. See instructs Automatic 5-Month Extension ...:......~:,.,..:,...:.. ~,.. ~...,,, ~,.~,,,..~ I(1 Q I Application Form Application Form Is For: Code Is For: Code __ Form 1065 09 Form 1041 estate other than a bankruptcy estate) 04 Form 8804 31 Form 1041 trust 05 Part II ~ Automatic 6-Month Extension .~.... a:,... ,. n,,...:.,..:.. s.,, i...... ti„i,...n Application Is For: Form Code Application Is For: Form Code __ Form 706-GS(D) 01 Form 1120-ND section 4951 taxes _ 20 __ Farm 706-GS(T) 02 Form 1120-PC 21 __ Form 1041 (bankruptcy estate only) 03 Form 1120-POL 22 Farm 1041-N O6 Form 1120-REIT 23 _ Form 1041-AFT 07 Form 1120-RIC 24 __ Form 1042 08 Form 1120S 25 Form 1065-B 10 Form 1120-SF 26 _ Form 1066 11 Form 3520-A 27 __ Form 1120 12 Form 8612 28 __ Form 1120-C 34 Form 8613 29 _ Form 1120-F 15 Form 8725 30 Form 1120-FSC 18 Form 8831 _ 32 Form 1120-H 17 Form 8876 33 __ Form 1120-L 18 Form 8924 _ 35 Form 1120-ND 19 Form 8928 36 2 If the organization is a foreign corporation that does not have an office or place of business in the United States, check here „_..._ _ _ _ _ _ _ .._..-....._ - 0 3 If the organization is a corporation and is the common parent of a group that intends to file a consolidated return, check here .._ ............ ... _..__.....,_.. - 0 If checked, attach a schedule, listing the name, address, and Employer Identification Number (EIN) for each member covered by this application. Part III ~ All Filers Must Com lete This Part 4 If the organization is a corporation or partnership that qualifies under Regulations section 1.6081-5, check here _...._ _ ___ _ _ _ _ _... _...__ - 5 a The application is far calendar year 2 011 , or tax year beginning ,and ending b Short tax year. If this tax year is less than 12 months, check the reason: i 0 Initial return [~ Final return ~~ Change in accounting period I 6 Tentative total tax 7 Total payments and credits (see instructions) 8 Balance due. Subtract line 7 from line 6 (see instructions) ................................. LHA For Privacy Act and Paperwork Reduction Act Notice, see separate Instructions. 119741 11-28-11 OMB No. 1545-0233 Identifying number 20--2420101 0 Consolidated return to be filed Form 7004 (Rev. 11-2011) Form 1065 2011 Beech Tree Investments LP 20-2420101 Pa e 2 Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b ~XJ Domestic limited partnership c 0 Domestic limited Liability company d C~ Domestic limited liability partnership e ~ Foreign partnership f C~ Other- 2 At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership}, a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? ......... ................ X 3 At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, ortax-exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50°ro or More of the Partnership .............. X 6 Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership ............... X 4 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of arty foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes; com lete i through iv below X (i) Name of Corporation (II) Employer Identifcation Number Qf any) (iii) COUniry Of Incorporation (IV) Percentage Owned in Voting Stock b Own directly an interest of 20% or mare, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreic)n or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below X (i) Name of Entity (II) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum P¢fC¢ntap¢ OWn¢d I~ Profit, Loss, or Capital Form 1065 (2011) itfoif i2-oe-ii FnrminRF/7n111 Raarh TrPP TnvPGf'mPntS LP 20-2420101 Page 3 Yes No 5 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment that is in effect for this tax year? See Form 8893 for more details X 6 Does the partnership satisfy all four of the following conditions? a The partnership's total receipts for the tax year were less than $250,000. b The partnership's total assets at the end of the tax year were less than $1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is notfilingand is not required to file Schedule M-3 ...............__.___.. . _......._......_. X ._._,...„ ............._.._........._...._.__.... If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; ar Item L on Schedule K-1. 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2}? X 8 During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? X 9 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? X 10 At any time during calendar year 2011, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts. If "Yes," enter the name of the foreign country. - X 11 At any time during the tax, year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If ^(es," the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions X _ ............................_....... or had it previously made (and not revoked), a section 754 election? 12a Is the partnership making X .........._ ... ............ , See instructions for details regarding a section 754 election. b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes;' attach a statement showing the computation and allocation of the basis adjustment. See instructions ..............._...............___............. X .__.._ ........................._..._....._ . c Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b} because of a substantial built-in lass (as defined under section 743(4)) or substantial basis reduction (as defined under section 734(4))? If "Yes," attach a statement showing the computation and allocation of the basis adjustment. See instructions X 13 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than disregarded entities wholly-owned by the partnership throughout the tax year) - 14 At any time during the tax year, did the partnership distribute to any partner atenancy-in-common or other undivided interest in partnership property? X 15 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter thE; number of Forms 8858 attached. See instructions - 16 Does the partnership have any foreign partners? If "Yes,` enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. - _ X 17 Enter the number of Forms 8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. - 18a Did you make any payments in 2011 that would require you to file Form(s) 1099. See instructions _ . . ............. .......................................... . X b If "Yes,° did you or will you file all required Farm(s) 1099? 19 Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations, attached to this return. - Designation of Taz Matters Partner (see instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP - American Beech Investments, LLC numberofTMP - 20--2419541 If the TMP is an Phone entity, name of TMP representative - Philip M. Ritchie numberofTMP - (717) 532-3734 Address of - 628 Brad Street designated TMP Shit~bensbura. PA 17257 ___ Form 1065 (2011) iiiozi iz-oe-11 Form 1os5 2011 Beech Tree Investments LP 20-2420101 Pa e4 Schedule K Partners' Distributive Share Items Total amount i i 1 Ordinary business income (loss) (Page 1, line 22) ........................................ . 1 0 . ................................. ........... .. 2 Net rental real estate income (loss) (attach Form 8825) 2 3 a Other gross rental income (loss) 3a b Expenses from other rental activities (attach statement) 3b c Other net rental income (loss). Subtract line 3b from line 3a ................................................. . 3c ................. .... . 4 Guaranteed payments 4 w N 0 .................................................................... 5 Interest income ............ ...... Se e ...S.ta,tement....2.......... 5 1 , J d ............................................................................. s Dividends: a Ordinary dividends . . See Statement 3 sa 78, 706. ~ b Qualified dividends ~ sb ~ 74 422. a c ........................................... 7 Royalties ....... .................................... 7 ................................................................................... 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) ................... . .. .-.........-....._._-..--... 8 132 , 547 . ........ 9 a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) ..............._._ _ 9a - 2 3 5 , 2 0 8 . b Collectibles (28%) gain (loss) ........................................................... ....... 9b c Unrecaptured section 1250 gain (attach statement) ............................. ....... 9c 10 Net section 1231 gain (loss) (attach Form 4797) ............................ 10 ................................ 11 Other income loss see instructions Type- ............ ....... See Statement 4 11 188. 12 Section 179 deduction (attach Form 4562) ................................... 12 ~ ......................................... 13 a Contributions .................... .. _ - 13a o _ ........................................._............................. .............._................ v b Investment interest expense .............................. 13b ............ ................ c Section 59(e)(2} expenditures: (1) Type - ......................... (2) Amount - 13c 2 Q d Other deductions see instructions T e - Stmt 5 13d 12 , 616 . o 14 a Net earnings (lossl from self-employment .......... _................_. 14a 0 . r. .. c .__ .................................... ........................ ~ b Gross farming or fishing income 14b £ ~ w c Gross nonfarm income 14c 15 aLow-income housing credit (section 42(1)(5}) ...... 15a ...................................... ...._.._...._......._.........___._._.. bLow-income housing credit (other) 15b w a c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) ..................... 15c m 1 d Other rental real estate credits (see instructions) Type - 15d c e Other rental credits (see instructions) Type - 15e f Other credits see instructions} Type - 15f 16 a Name of country ar U_S. possession - VarlOL1S COLlritrleS ............ b Gross income from all sources .. S.tatement..-_1-0....... See 16b 281 , 516 . ........................................................ . - c Gross income sourced at partner level ._ ...-............ i6c y e ................. Foreign gross income sourced at partnership level ~ - d ategory - e General category 3 , 8 6 0 . f Other ...... - i6f c .._... Deductions allocated and apportioned at partner level h Other g Interest expense - - ish a, _ Deductions allocated and apportioned at partnership level to foreign source income •` Passive 'General Cate o I category - I 9 rY - k Other ...... - i6k e r'' ...... I Total foreign taxes (check one): - Paid ~.~] Accrued 0 181 5 5 0 . m Reduction in taxes available for credit (attach statement) 16m n Other foreign tax information (attach statement} 17 a Post-1986 depreciation adjustment ........ ...... .................................................. i7a X N i~ E ................................... . b Adjusted gain or loss .................... ... ....._........................._._................ 17b _ ........................... . c ~~ c Depletion (other than oil and gas) . ...... ....................................................... 17c ~; ~~ ............................................. . d Oil, gas, and geothermal properties -gross income ............................. ...................................................... 17d Qua a Oil, gas, and geothermal properties -deductions ....... 17e .. f OtherAMTitems attachstatement See Statement 6 ilf 53 ,569. 18aTax-exempt interest income . ._......._.............._..- _S.e.a.,,,S.td.t.eItlellt.,..7._..,.. 18a 53 ,569. ._.....,..-.__ ........... .. ~ b Other tax-exempt incorrie 18b •ia .......................... .. .. c Nondeductible expenses .5.2.2,...S.t.at.ement...,8...„., „ 18c 6 , 492 . ~ 0 .............................. .... . 19 a Distributions of cash and marketable securities 19a c b Distributionsofotherproperty _ .....,_...,..,..._.._....._ ._. _ _. 19b 4, 198 , 077. d .-..__ .............. ._-_ 20 a Investment income 20a 9 5 , 40 0 . p b Investmentexpenses .................................... _......._........................................._. 20b 12 , 616 . _....._ .... ................ c Other items and amounts attach statement Stmt 9 Form 1065 (2011) iiiaai iz-oa-ii Form 1065(2011) Beech Tree Investments , LP 20-2420101 Pape5 Analysis of Net Income (Loss) 1 Net income (loss). Combine Schedule K lines 1 throw h 11 From the result subfract the sum of Schedule K lines 12 throw h 13d, and 161 I 7 - 2 0 4 2 7 2 Analysis by partner type: a General partners b Limited artners (ii) Individual (iii) Individual (v) Exempt (i) Corporate (active) (passive) (iv) Partnership organization (vi) Nominee/Other -1 379. -271 058. 252 010. ' Schedule L Balance Sheets er Books Be innin of tax ear End of t ax ear ~ Assets a b c (d) ~ t Cash 373 924. 917,216. ................................ 2a Trade notes and accounts receivable ......__. b Less allowance for bad debts 3 Inventories ...._ ,.,..._._....._. 4 U.S.governmentobligations ___ ..... .......... 5 Tax-exempt securities ................ 6 Other current assets (attach statement) tatement 11 8 6 0 . 8 6 0 . ....., ~I 7a Loans to partners (or persons related to partners) ... b Mortgage and real estate loans 8 Other investments (attach statement) tatemerit 12 5 12 8 415. 6, 0 9 7, 0 4 9. i 9a Buildings and other depreciable assets __. b Less accumulated depreciation 10a Depletable assets .............. .. ................ b Less accumulated depletion .................... 11 Land (net of any amortization) . ................ 12a Intangible assets (amortizable only) ...__.... I b Less accumulated amortization ............... ~ 13 Other assets (attach statement) ............... i a Total assets 5 5 0 3 19 9 . 7 , 015 ,12 5 . ........... . .. . .................... ~ Liabilities and Capital ~ 15 Accounts payable __..... __....,......._.... bonds payable in less than 1 year 1fi Mortgages notes , , 17 Other current liabilities (attach statement) .., ~ I 18 All nonrecourse loans i _ . _ _...... 19a Loans from partners (or persons related to partners) bonds payable in ' year or more b Mortgages notes , , 20 Other liabilities (attach statement) __......... 21 Partners'capitalaccounts 5 503 199. 7 , 015 , 125 . ..__ .._...__...._. 22 Total liabilities and ca ital 5 5 0 3 19 9 . 7 , 015 ,12 5 . i Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. Schedule M-3 may be required instead of Schedule M•1 (see instructions). 1 Net income (loss) per books 6 Income recorded on books this year not included ~ 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemizej: on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 3 Guaranteed payments (other than health { insurance)....,_...._ ....... ........................ 7 Deductions included on Schedule K, lines 1 throughl3d,and161,notchargedagainst I 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 161 (itemize): book income this year (itemize): a DepreClatlon $ ~ a Depreciation $ 8 Add lines 6 and 7 ..__. ...._ .......... ..... .. _. b Travel and entertainment $ 9 Income (loss) (Analysis of Net Income (Loss), __ 5 Add lines 1 throw h 4 line 1 . Subtract line 8 from line 5 j Schedule M-2 Anal sis of Partners' Ca ital Accounts _ 1 Balance at beginning of year ._.._._.._ ............._ 5 503 199. 6 Distributions: aCash ................................. 2 Capital contributed: a Cash ......................... bProperty .........__....._...._... _ 4 , 198 , 077 . j bProperty _,_. ..,.,_.__ 5 683 353. 7 Other decreases (itemize): 3 Net income(loss)perbooks ._..._....._...__._... 26 650. 4 Other increases (itemize): 8 Add lines band 7 ..................................... 4 , 198 , 077 . __ 5 Add lines 1 throw n a 11 213 2 0 2 . 9 Balance at end of year. Subtract line 8 from line 5 7 , 015 ,12 5 . 111042 12-06-1, Form 1065 (2011) SCHEDULE M-3I Net Income (Loss) Reconciliation (Form 1065) for Certain Partnerships Department of the Treasury - Attach to Form 1085 or Form 1065-B. Internal Revenue Service - See separate instructions. Name of partnership Employer identification number This Schedule M-3 is being filed because (check all that apply): A 0 The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more. B ® The amount of the partnership's adjusted total assets for the year is equal to $10 million or more. If box B is checked, enter the amount of adjusted total assets for the tax year 11, 213 , 2 0 2 . . C 0 The amount of total receipts for the taxable year is equal to $35 million or more. If box C is checked, enter the total receipts for the tax year D 0 An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50 percent or more in the partnership's capital, profit, or loss, on anV daV during the tax Vear of the partnership. _ Name of Reportable Entity Partner I Identifying Number I Maximum Percentage Owned or Deemed Owned Part t Financial Information and Net Income (Loss) Reconciliation is Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year? Yes. Skip lines 1 b and 1c and complete lines 2 through 11 with respect to that SEC Form 10-K. ® Na. Go to line 1 b. See instructions if multiple non-tax-basis income statements are prepared. b Did the partnership prepare a certified audited non-tax-basis income statement for that period? Yes. Skip line is and complete lines 2 through 11 with respect to that income statement. ® No. Go to line ic. c Did the partnership prepare anon-tax-basis income statement for that period? Yes. Complete lines 2 through 11 with respect to that income statement. ® No. Skip lines 2 through 3b and enter the partnership's net income (foss) per its books and records on line 4a. 2 Enter the income statement period: Beginning _ Ending __ 3a Has the partnership's income statement been restated for the income statement period on line 2? 0 Yes. (If "Yes," attach an explanation and the amount of each item restated.) 0 No. b Has the partnership's income statement been restated for any of the five income statement periods preceding the period on line 2? 0 Yes. (If "Yes," attach an explanation and the amount of each item restated.) 4a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1 __ 4a 2 6 , 6 5 0 . b Indicate accounting standard used for line 4a (see instructions): 1 ~ GAAP 2 Q IFRS 3 [~ 704(b) 4 ~ Tax-basis 5 [J Other: (specify) - 5a Net income from nonincludible foreign entities (attach schedule) ................................................. a ) b Net loss from nonincludible foreign entities (attach schedule and enter as a positive amount) ,,,.,.,..,._ .............._........._...... 5b 6a Net income from nonincludible U.S. entities (attach schedule) ..................................................... ........................ 6a ) b Net loss from nonincludible U.S. entities (attach schedule and enter as a positive amount) 8b 7a Net income(loss)ofotherforeigndisregardedentities(attachschedule) .............................._,_._._........_..._.,_.,..__._.._... 7a b Net income {loss) of other U.S. disregarded entities {attach schedule) ........................................................................... 7b 8 Adjustment to eliminations of transactions between includible entities and nonincludible entities (attach sch.) ............. ........... 8 9 Adjustment to reconcile income statement period to tax year (attach schedule) .............._.____ ________._._., _..,_.._„_....._.._ 9 10 Other adjustments to reconcile tc amount on line 11 (attach schedule) ........................................................................ 10 11 Net income (loss) per income statement of the partnership. Combine lines 4a through 10 11 2 6 , 6 5 0 . Note. Part I, line 11, must equal the amount on Part II, line 26, column (a). 12 Enter the total amount (not just the partnership's share of the assets and liabilities of all entities included or removed on the following lines: Total Assets Total Liabilities a Included on Part I, line 4 b Removed on Part I, line 5 c Removed on Part I, line 6 OMB No. 1545-0099 2011 For Paperwork Reduction Act Notice, see the Instructions foryour return. Schedule M-3 (Form 1065) 2011 110991 11-21-11 JWA Schedule M-3 (Form '1085) 2011 Pa e 2 Name of partnership Employer identification number Beech Tree Investments LP 20-2420101 Part II Reconciliation of Net Income (Loss) per Income Statement of Partnership with Income (Loss) per Return ~ Income (Loss) Items ~ Income (Loss} per Income Statement Temporary Difference Permanent Difference Income (Loss) per Tax Return (Attach schedules for lines 1 through 9) . 1 Income (loss) from equity method foreign corporations ... .. Gross foreign dividends not j 2 previously taxed ................... __ Subpart F, QEF, and similar 3 income inclusions .......... _ _. _ _ _........... _ ............. Gross foreign distributions 4 previously taxed _.......... _... ._ .... ...................... Income (loss) from equity 5 method U.S. corporations ... ._. . _ .... ...................... s U.S.dividends .. ._..._. __...._ ........................ 78 706 • 78, 706. 7 Income (loss) from U.S. partnerships .................. _ 8 Income (loss)from foreign partnerships ._, _ .................. Income (loss) from other pass- 9 through entities Items relating to reportable 10 transactions (attach details) - _...._..........._............ 11 Interestincome(attachForm8916-A)......__.._...., 70 075. _ -53 569. 16,506. . . 12 Total accrual to cash adjustment ..................... . 13 Hedging transactions 14 Mark-to-market income (loss) ......................... _... i 15 Cost of goods sold (attach Forrn 8916-A) ) ,_.._ 15 Sale versus lease (for sellers and/or lessors) ................._._..............._............ 17 Section 481(a) adjustments 18 Unearned/deferred revenue ... ' , i 19 Income recognition from . . lon -term contracts . .......................................... g 2t) Original issue discount and ............ other im uted interest .............................. p 21a Income statement gain/loss on sale, exchange, abandonment, worthlessness, or other disposition of assets other than inventory and pass-through entities -1 O 2 6 61. 10 2 6 61. b Gross capital gains from Schedule D, excluding ........ .... amounts from pass-through entities . ..... .. c Gross capital losses from Schedule D, excluding amounts from pass-through entities, abandonment I losses, and worthless stock losses ....... -10 2 6 61. -10 2 , 6 61. .............. d Net gain/loss reported on Form 4797, line 17, excluding amounts from pass-through entities, abandonment losses, and worthless stock losses ___ e Abandonment losses Worthless stock losses f (attach details) Q Other gain/loss on disposition of assets other than inventcry Other income (loss) items with 22 differences (attach schedule) ............................._.. I , 23 Total income (loss) items. Combine lines 1 tnrougn22 ............ 46 120. -53 569. -7,449. ;' 24 Total expense/deduction items (from Part III, line3l)(seeinstructions} _ ..............__..._.,.. -7 042. 6 492. -550. 25 other items with no differences ......5.1~mt....14. -12 4 2 8 . -12 , 4 2 8 . 26 Reconciliation totals. Combine lines 23 through 25 2 6 , 6 5 0 . - 4 7 , 0 7 7 . - 2 0 , 4 27 . Note. Line 26, column (a), must equal the amount on Part I, line 11, and column (d) must equal Form 1065, Analysis of Net Income (Loss), line 1. JWA i 11osa2 11-21-11 Schedule M-3 (Form 1065) 2011 Schedule M-3 (Form 1065) 2011 ra e 3 Name of partnership Beech Tree Investments LP Employer identification number 20-2420101 Part III Reconciliation of Net Income (Loss) per Income Statement of Partnership With Income (Loss) per Return -Expense/Deduction Items Expense/Deduction Items (a) Expense per Income Statement {b) Temporary Difference (c) Permanent Difference (d) Deduction per Tax Return 1 State and local current income tax expense ,.._. 2 State and local deferred income tax expense ,,,,,,,,, 3 Foreign current income tax expense (other than foreign withholding taxes) .. . ....._.,,,_,._.._... 550. 550. ..... . . 4 Foreign deferred income tax expense ............. . 5 Equity-based compensation _„ 6 Meals and entertainment „ ...................... 7 Fines and penalties ................................. ..... . . Judgments, damages, awards, and similar costs .. _................... . ...............__. . .. .......„_ 9 Guaranteed payments ..... ................ ... . ....................... .... 10 Pension and profit-sharing . _ . .................... .... 11 Other post-retirement benefits . . 12 Deferred compensation .. ............ ..__. ... . 13 Charitable contribution of cash and tangible property . . .... .. . ......................... ... _.............. Charitable contribution of 14 intangiblepropertY .._ ........................................ 15 Organizational expenses as per Regulations section 1.709-2(a) ._......_ . 15 Syndication expenses as per Regulations section 1.709-2tb) .. 17 Current year acquisition/reorganization investment banking fees .................... ............................... 18 Current year acquisition/reorganization legal and accounting fees 19 Amortization/impairment of goodwill .................. 20 Amortization of acquisition, reorganization, and start-up costs .............................. ... .......... _ 21 Other amortization or impairment write-offs .................... _.................... 22 Section 198 environmental remediationcosts ........__......_..._._ .................... 23a Depletion -Oil & Gas ..................................... b Depletion -Other than Oil & Gas 24 Intangible drilling & development costs ,,,,, ,,,,,, 25 Depreciation , , 26 Bad debt expense,.,.._,,_...___._..____..__ 27 Interest expense (attach Form 8916-A) ,,,,,,,,,,,,,,, _ 28 Purchase versus lease (far purchasers and/or lessees). 29 Research and development costs ............................. 30 Other expense/deduction items with differences (attach schedule) ........................Stmt,,,16 6 492. -6 492. 31 Total expense/deduction items. Combine lines 1 through 30. Enter here and on Part II, line 24, reporting positive amounts as negative and negative amounts as positive 0 4 2. _ 6 4 9 2. 5 0. __ JWA Schedule M-3 (Form 1065) 2011 110993 03-22-12 SCHEDULE B-1 Information on Partners Owning 50% or (Form 1065) (Rev. December 2011) More of the Partnership OMB No. 1545-0099 Department of the Treasury Internal Revenue Service ~ Attach to Form 1065. See instructions. Employer identification number Name of partnership Part I Entities Owning 50°i° or More of the Partnership (Form 1065, Schedule B, Question 3a) 20-2420101 Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the nartnorclnin (caa inctn ~rtinncl (i) Name of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Ca ital Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3b) Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Individual or Estate (ii) Identifying Number (if any) (iii) Country of Citizenship (see instructions) (iv) Maximum Percentage Owned in Profit, Loss, or Ca ital Helen F Crouse, Deceased 8/26/11 195-32-0870 United States 85.91 Estate of Helen F. Crouse 45-6461858 United States 85.91 LHA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. t2assi 12-18-~~ Schedule B-1 (Form 1065) (Rev. 12-2011) 1 SCHEDULE C (Form 1065) Additional Information for Schedule M-3 Filers (Rev. December 2011) OMB No. 1545-0099 Department of the Treasury ~ Attach to Form 1065. See separate instructions. Internal Revenue Service Name of partnership Employer identification number Beech Tree Investments. LP 20-2420101 f At any time during the tax year, were there any transfers between the partnership and its partners subject to the disclosure requirements of Regulations section 1.707-8? .............. .......... I 2 Do the amounts reported on Schedule M-3, Part II, lines 7 or 8, column (d), reflect allocations to this partnership from another partnership of income, gain, loss, deduction, or credit that are disproportionate to this partnership's share of capital in such partnership or its ratio for sharing other items of such ~ partnership? 3 At any time during the tax year, did the partnership sell, exchange, or transfer any interest in an intangible assetto a related person as defined in sections 267(b) and 707(b)(1)? ................................................................ 4 At any time during the tax year, did the partnership acquire any interest in an intangible asset from a related person as defined in sections `1.67(b) and 707(b)(1)? ........................................................................................ 5 At any time during the tax year, did the partnership make any change in accounting principle for financial accounting purposes? See instructions for a definition of change in accounting principle ........................................... 6 At any time during the tax year, did the partnership make any change in a method of accounting for U.S. income tax ourooses? j JWA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. No X X X ~ IX Schedule C (Farm 1065) (Rev. 12-2011) iiiisi 11-21-11 SCHEDULED Capital Gains and Losses OMB No. 1545-0099 (Form 1065) 2011 Department of the Treasury - Attach to Form 1065. - See separate instructions. Internal Revenue Service Use Schedule D-1 to list additional transactions for lines 1 and 7. Name of partnership Employer identification number Beech Tree Investments LP 20-2420101 Part 1 Rhnrt-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 shares of "Z" Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice () p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1 JACOBS ENGINEERING arious 01/19/11 9 712. 7 184. 2 528. YUM BRANDS INC arious 01/20/11 19 180. 13 240. 5 940. WALT DISNEY COMPANY arious 01/31/11 7 867. 6 778. 1 089. YUM BRANDS INC arious 01/31/11 9 587. 6,6X1. 2 967. HAWKINS INC arious 02/01/11 8 320. 4 932. 3 388. ...............___........._.___...... ..._......._....._..___......._ 2 Enter short-term capital gain or (loss), if any, from Schedule D-1, line 2 ._ . 2 116 6 35 . . .............. . . 3 Short-term capital gain from installment sales from Form 6252, line 26 or 37 _........._._...._... __ 3 .... ........................... ... ............................. . 4 Short-term capital gain (loss) from like-kind exchanges from Form 8824 4 ............... .. 5 Partnership's share of net short-term capital gain (loss), including specially allocated short-term from other partnerships, estates, and trusts ..................................__....._ capital gains (losses) 5 ............................___.__........ , 6 Net short-term capital gain or (loss). Combine lines 1 through 5 in column (f). Enter here and on Form 1065, Schedule K, line 8 or 11 6 13 2 5 4 7 . Part 11 I 1 nnn_Tprm Capital Gains and t_nsses -Assets Held More Than One Year (a) Description of property (Example: 100 shares of "Z" Co_) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice () p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d} 7 JACOBS ENGINEERING arious 01/19/11 4 856. 3 86i'. 989. JACOBS ENGINEERING arious 01/19/11 9 712. 7 OOCI. 2 712. WALT DISNEY COMPANY arious 01/31/11 39 333. 31 619. 7 714. APACHE CORP arious 02/02/11 45 489. 33,632. 11 857. APACHE CORP arious 02/02/11 22 744. 14 042. 8 702. _ 8 Enter long-term gain or (loss), if any, from Schedule D-1, line 8 ___.__._.._..... ............................ .. 8 - 2 69 46 5 . 9 Long-term capital gain from installment sales from Form 6252, line 26 or 37 ...._..._..._.._.,,...._,_ .......................... ..........__.._... 9 10 Long-term capital gain (loss) from like-kind exchanges from Form 8824 .................................................................................. 10 11 Partnership's share of net long-tarm capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts ................. ............................................................ 'li 12 Capital gain distributions 12 2 2 8 3 . 13 Net long-term capital gain or (loss). Combine lines 7 through 12 in column (f}. Enter here and on Form 1065 Schedule K line 9a or 11 '13 - 2 3 5 2 0 8 . LHA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule D (Form 1065) 2011 fffm ~z-~e-fi SCHEDULE D-1 Continuation Sheet for Schedule D OMB No. 1545-0099 (Form 1065) Department of the Treasury Internal Revenue Service (Form 1065, 1065-B, or 8865) ~ See instructions for Schedule D of the applicable return. Attach to Schedule D of the a licable return to list additional transactions. 2011 Name shown on return Beech Tree Investments LP Filer's identifying number 20-2420101 Part I Short-Term Capital Gains and Losses -Assets Held One Year or Less _ (a) Description of property {Example: 100 sh. XYZ Ca.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales nce ( ) P (e) Cost or other basis {f) Gain or (loss) Subtract (e) from (d) 1 HAWKINS INC arious 02/01/11 16 640. 8 040. 8 600. ENCANA CORP arious 02/04/11 9,756. 9,135. 621. VALE SA ADR arious 03/10/11 6,592. 5,234. 1,358. CHEVRONTEXACO CORP arious 03/30/11 10 679. 7 794. 2 885. CHEVRONTEXACO CORP arious 04/04/11 10 853. 7 698. 3 155. VISA INC arious 04/07/11 22 500. 22 448. 52. HAWKINS INC arious 06/06/11 8 089. 7 312. 777. ALLEGNY 5$ 11/1/23 arious 06/17/11 51 579. 53 634. -2 055. N ALLEG 5.25 5/1/25 arious 06/17/11 26 285. 26 238. 47. RESEARCH IN MOTION arious 06/23/11 2 652. 6 462. -3 810. ZHONGPIN INC arious 06/30/11 978. 1 818. -840. ZHONGPIN INC arious 06/30/11 3 913. 6 593. -2 680. ZHONGPIN INC arious 06/30/11 2,935. 4,865. -1,930. ZHONGPIN INC arious 06/30/11 978. 1 568. -590. ZHONGPIN INC arious 06/30/11 9 783. 15,229. -5 446. ZHONGPIN INC arious 06/30/11 2 935. 4 563. -1 628. ZHONGPIN INC arious 06/30/11 2 935. 4 554. -1 619. ZHONGPIN INC arious 06/30/11 1 957. 2 999. -1 042. ZHONGPIN INC arious 06 30 11 978. 1 499. -521. ZHONGPIN INC arious 06 30 11 2 935. 4 490. -1 555. ZHONGPIN INC arious 06 30 11 13 696. 16 634. -2 938. MONRO MUFFLER BRAKE arious 07 01 11 14 404. 13 178. 1 226. VISA INC arious 07/07/11 17 472. 14 876. 2 596. DOMINION RES VA NEW arious 07/22/11 28 909. 28 416. 493. 2 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 2 ~is-ii LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2011 SCHEDULE D-1 Continuation Sheet for Schedule D (Form 1065) (Form 1065, 1065-B, or 8865) Department of the Treasury ~ See instructions for Schedule D of the applicable return. Internal Revenue Service - Attach to Schedule D of the applicable return to list additional trap: Name shown on return _OMB No. 1545-0099 2011 Filer's identifying number Part I Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 sh- XYZ Co-) (b) Date acquir) d (mo., day, yr. ((c) Dateysold) mo., da , yr. d Sales nce ( ) P (e) Cost or other basis (f) Gai ( )r (loss( ) Subtract a from d 1 EMERSON ELEC CO arious 07/22/11 5 504. 5 523. -19. EMERSON ELEC CO arious 07/22/11 5,504. 5,201. 303. MARKET VECTORS ETF arious 07/22/11 5,400. 5,629. -229. MIDDLEBY CORP arious 07/22/11 8 946. 8 296. 650. MOSAIC CO NEW arious 07/22/11 17 146. 18 064. -918. MOSAIC CO NEW arious 07/22/11 3 429. 3,563. -134. SOCIEDAD CHILE arious 07/22/11 13 190. 11 900. 1 290. MARVELL TECHNOLOGY arious 07/22/11 9 018. 11 016. -1 998. MARVELL TECHNOLOGY arious 07/22/11 7 515. 7,930. -415. MARVELL TECHNOLOGY arious 07/22/11 12 024. 12 128. -104. MARVELL TECHNOLOGY arious 07/22/11 9 018. 8 910. 108. MARVELL TECHNOLOGY arious 07/22/11 3 006. 2 960. 46. APPLE INC arious 07/26/11 38,846. 33,800. 5,046. BB&T CORP arious 08/02/11 6 455. 6 917'. -462. BB&T CORP arious 08/02/11 9 037. 9 505. -468. RESEARCH IN MOTION arious 08/03/11 2 497. 6 319. -3 822. RESEARCH IN MOTION arious 08/03/11 4 994. 11 488. -6 494. RESEARCH IN MOTION arious 08/03/11 4 994. 11 408. -6 414. RESEARCH IN MOTION arious 08 03 11 2 497. 5,610. -3 113. RESEARCH IN MOTION arious 08 03 11 2 497. 4 869. -2 372. ZHONGPIN INC arious 08 03 11 1 025. 1 188. -163. ENCANA CORP arious 08 09 11 8 078. 8 334. -256. SPDR GOLD TR arious 08/15/11 26 020. 19 581. 6 439. ALTERA CORP arious 10/14/11 3 412. 2 892. 520. 2 Total. Combine the amounts in column . Enter here and on Schedule D line 2 iris-ii LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule U-1 (Form 1065) 2011 SCHEDULE D-1 Continuation Sheet for Schedule D (Form 1065) (Form 1065, 1065-B, or 8865) Department of the Treasury ~ See instructions for Schedule D of the applicable return. Internal Revenue Service - Attach to Schedule D of the applicable return to list additional transactions. OMB No. 1545-0099 2011 Name shown On return Filer's identifying "umber Beech Tree Investments LP 20-2420101 Part I Short-Term Cac~ital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 sh- XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr-) (d) Sales price (e) Cost or other basis (1} Gain or (loss) Subtract (e) from (d) 1 ALTERA CORP arious 10/14/11 13 648. 11 56$. 2 080. ALTERA CORP arious 11/01/11 8,028. 5,784. 2,244. ALTERA CORP arious 11/01/11 12,043. 8,676. 3,367. ARCHER-DANIELS-MIDLN arious 11/01/11 10 523. 7 979. 2 544. ARCHER-DANIELS-MIDLN arious 11/01/11 19 543. 14 819. 4 724. ARCHER-DANIELS-MIDLN arious 10/24/11 6 842. 5 700. 1 142. ARCHER-DANIELS-MIDLN arious 10/24/11 2 737. 2 280. 457. ARCHER-DANIELS-MIDLN arious 10/24/11 5 474. 4 56U. 914. ARCHER-DANIELS-MIDLN arious 10/24/11 31 475. 26 218. 5 257. ARROW ELECTRONICS arious 10/14/11 12 052. 11 550. 502. ARROW ELECTRONICS arious 10/14/11 9 039. 8 663. 376. ARROW ELECTRONICS arious 10/24/11 9 331. 8 663. 668. ARROW ELECTRONICS arious 10/24/11 3,110. 2,888. 222. ARROW ELECTRONICS arious 10/24/11 6 221. 5 775. 446. ARROW ELECTRONICS arious 10/24/11 3 110. 2 888. 222. ARROW ELECTRONICS arious 10/24/11 9 331. 8 663. 668. BB&T CORP arious 10/14/11 1 115. 1 025. 90. BB&T CORP arious 10/14/11 5 575. 5 127. 448. BB&T CORP arious 10 14 11 8 921. 8 203. 718. BIO REFERENCE LAB arious 10 24 11 1 938. 1 622. 316. BIO REFERENCE LAB arious 10 24 11 9 691. 8 109. 1 582. BIO REFERENCE LAB arious 10 24 11 1 938. 1 622. 316. CHEVRONTEXACO CORP arious 12/22/11 24 883. 14 806. 10 077. COGNIZANT TECH A arious 10/14/11 13 466. 11 367. 2 099. 2 Total. Combine the amounts in column (fl. Enter here and on Schedule D, line 2 I tt-ts-tt LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2011 SCHEDULE D-1 Continuation Sheet for Schedule D (Form 1065) (Form 1065, 1065-B, or 8865) Department of the Treasury ~ See instructions for Schedule D of the applicable return. Internal Revenue Service - Attach to Schedule D of the applicable return to list additional trans Name shown on return Beech Tree Investments LP Part I Short-Term Capital Gains and Losses -Assets Held One Year or Less Filer's identifying number 20-242010 (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice ( ) p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 1 COGNIZANT TECH A arious 10/14/11 23 565. 19 893. 3 672. CORNING INC arious 10/14/11 4,083. 4,275. -192. CORNING INC arious 10/14/11 6,805. 7,125. -320. CORNING INC arious 10/14/11 5 444. 5 700. -256. EMC CORP arious 10/14/11 9 188. 7 893. 1 295. EMC CORP arious 10/14/11 4 594. 3,947'. 647. EMC CORP arious 10/14/11 9 188. 7 893. 1 295. EMC CORP arious 10/24/11 9 464. 7 893. 1 571. EMC CORP arious 10/24/11 2 366. 1 973. 393. EXXON MOBIL CORP arious 12/07/11 7 996. 5 688. 2 308. HEALTHSPRING, INC arious 10/24/11 7 895. 5 605. 2 290. HEALTHSPRING, INC arious 10/24/11 39 477. 28 024. 11 453. ISHARES MSCI EMG MKT arious 10/31/11 4,017. 2,849. 1,168. MARKET VECTORS ETF arious 10/24/11 14 121. 11 014. 3 107. MARKET VECTORS ETF arious 10/24/11 9 414. 7 343. 2 071. MOSAIC CO NEW arious 10/24/11 7 976. 7 371.. 605. MOSAIC CO NEW arious 10/24/11 15 951. 14 743. 1 208. MOSAIC CO NEW arious 10/24/11 7 976. 7 371. 605. NASDAQ OMX GROUP arious 10 24 11 34 639. 24 758. 9 881. POWERSHARES QQQ TR arious 10 24 11 25 594. 13 441. 12 153. RESEARCH IN MOTION arious 12 09 11 3 411. 6 339. -2 928. RESEARCH IN MOTION arious 12 09 11 6 823. 12 678. -5 855. SPDR S & P 500 TR arious 10/31/11 12 462. 7 236. 5 226. SPDR DOW JONES IND arious 10/20/11 11 541. 6 013. 5 528. OMB No. 1545-0099 2011 2 Total. Combine the amounts in column (fl. Enter here and on Schedule D, line 2 ~ T~ ii-ie-ii LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2011 SCHEDULE D-1 Continuation Sheet for Schedule D (Form 1065) (Form 1065, 1065-B, or 8865) Department of the Treasury ~ See instructions for Schedule D of the applicable return. Internal Revenue Service - Attach to Schedule D of the applicable return to list additional tran, Name shown on return OMB No. 1545-0099 2011 Fil=r's identifying number 20-2420101 ~ _ Part I__ ~ Short-Term Capital Gains and Losses -Assets Held One Year or Less (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) Id) Sales price (e) Cost or other basis (f) Gain or (lass) Subtract (e) from (d) 1 SPDR DOW JONES IND arious 10/20/11 23 081. 12 027. 11 054. SOCIEDAD CHILE arious 12/22/11 20,807. 17,099. 3,708. SOCIEDAD CHILE arious 12/22/11 10,404. 8,549. 1,855. SOCIEDAD CHILE arious 12/22/11 2 601. 2 137. 464. TJX COMPANIES INC arious 10/20/11 23 117. 12 805. 10 312. VALE SA ADR arious 12/22/11 6 133. 3 301. 2 832. VALERO ENERGY arious 12/22/11 3 970. 3 68$. 282. VALERO ENERGY arious 12/22/11 3 970. 3 688. 282. VALERO ENERGY arious 12/22/11 11 909. 11 063. 846. VALERO ENERGY arious 12/22/11 7 939. 7 375. 564. VALERO ENERGY arious 12/22/11 1 985. 1 844. 141. VERIFONE HOLDINGS arious 10/24/11 11 595. 11 013. 582. VODAFONE GP PLC NEW arious 12/22/11 8,085. 4,953. 3,132. 2 Total. Combine the amounts in column (fl. Enter here and on Schedule D line 2 116 6 3 5 ~~~rs ti-is-ii LHA For Paperwork Reduction Act Notice, see Form 1065, Form 1065-B, or Form 8865 instructions. Schedule D-1 (Form 1065) 2011 Name shown on return. Do not enter name and filer's identifying number if shown on other side. ~ Filer's identifying number T2ccr.1~ Trcc Tntrc ct-mcnl-a T.A 20-2420101 2 Part II Long-Term Capital Gains and Losses -Assets Held More T han One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice ( ) p (e) Cost or other basis {f) Gain ar (lass) Subtract (e) from (d) 7 JP MORGAN CHASE arious 02/10/11 9 118. 7 690. 1 428. LOEWS CORP arious 02/10/11 4,316. 3, 430. 886. LOEWS CORP arious 02/10/11 21,560. 17, 149. 4,411. SPDR S & P 500 TR arious 02/22/11 26 764. 27 918. -1 154. SPDR S & P 500 TR arious 02/22/11 13 382. 12 028. 1 354. SPDR S & P 500 TR arious 02/22/11 13 382. 10 177. 3 205. SPDR S & P 500 TR arious 02/22/11 26 764. 20 046. 6 718. SPDR DOW JONES IND arious 02/22/11 12 286. 13 110. -824. SPDR DOW JONES IND arious 02/22/11 24 573. 25 226. -653. SPDR DOW JONES IND arious 02/22/11 36 859. 36, 951. -92. SPDR DOW JONES IND arious 02/22/11 24 573. 24 204.. 369. SPDR DOW JONES IND arious 02/22/11 12 286. 12 092. 194. SPDR DOW JONES IND arious 02/22/11 12,286. 11,800. 486. LOEWS CORP arious 02/24/11 8 632. 6 860. 1 772. LOEWS CORP arious 02/24/11 4 316. 2 717. 1 599. DOW CHEM CO arious 03/01/11 17 498. 9 695. 7 803. NYSE EURONEXT COM arious 03/09/11 14 401. 9 240. 5 161. HEWLETT-PACKARD arious 03/10/11 12 686. 14 010. -1 324. HEWLETT-PACKARD arious 03 10 11 4 229. 4 694. -465. HEWLETT-PACKARD arious 03 10 11 12 686. 14 491.. -1 805. HEWLETT-PACKARD arious 03 10 11 4 229. 4 654. -425. NYSE EURONEXT COM arious 03 10 11 7 100. 4, 620. 2 480. VALE SA ADR arious 03/10/11 6 592. 5 162. 1 430. VALE SA ADR arious 03/10/11 6 592. 4 180. 2 412. VALE SA ADR arious 03/10/11 6 592. 4, 049. 2 543. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D line 7 (for Form 1065-B) ~ ti_t5_i~ Schedule A-1 (Form 1065) 2011 Name shown on return. Do not enter name and filer's identifying number if shown on other side. I Filer's identifying number 1 2 Part II Long-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b} Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales rice ( ) p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7 VALE SA ADR arious 03/10/11 13 184. 8 034. 5 150. EATON CORP COM arious 03/15/11 10,235. 4,475. 5,760. EATON CORP COM arious 03/15/11 40,941. 16,384. 24,557. EATON CORP COM arious 03/15/11 20 470. 8 152. 12 318. WELSCD PA 3.75 3/16 arious 03/15/11 25 000. 24 925. 75. RAVEN INDS INC arious 03/18/11 10 653. 5 550. 5 103. JP MORGAN CHASE arious 03/21/11 13 131. 11 535. 1 596. CATERPILLAR INC DEL arious 03/30/11 21 910. 14 340. 7 570. CATERPILLAR INC DEL arious 03/30/11 10 955. 4 809. 6 146. COLLATE-PALMOLIVE arious 03/31/11 8 014. 7 664. 350. WYHSCH 3.75 4/1/17 arious 04/01/11 25 000. 24 622. 378. AT&T INC arious 04/04/11 12 276. 11 436. 840. LOEWS CORP arious 04/04/11 4,312. 2,717. 1,595. RAVEN INDS INC arious 04/04/11 6 054. 2 775. 3 279. I SHARES MSCI BRAZIL arious 04/06/11 7 890. 6 384. 1 506. NYSE EURONEXT COM arious 04/06/11 15 673. 9 240. 6 433. ALLIED IRISH BKS PLC arious 04/12/11 14 836. 104 195. -89 359. ALLIED IRISH BKS PLC arious 04/12/11 14 836. 104 195. -89 359. RAVEN INDS INC arious 04 19 11 5 395. 2 775. 2 620. ISHARES MSCI EAFE TR arious 04 26 11 6 161. 7 872. -1 711. SPDR DOW JONES IND arious 04 26 11 12 417. 11 644:. 773. POWERSHARES QQQ TR arious 04 27 11 23 265. 19 664. 3,601. SPDR S & P 500 TR arious 04/27/11 13 339. 10 023. 3 316. SPDR DOW JONES IND arious 04/27/11 18 669. 17 466. 1 203. SPDR DOW JONES IND arious 04/27/11 6 223. 4 817. 1 406. t 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) 11-15-11 line 7 (for Form 1 Schedule D-1 (Form 1065) 2011 Schedule D-1 (Form 1065)2011 Name shown on return. Do not enter name and filer's identifying number if shown on other side. Part III I nnn_TPrm Capital Gains and Losses -Assets Held More Than One Year Page 2 Filer's identifying number 20-2420101 (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7 JOHNSON & JOHNSON arious 05/03/11 6 538. 6 149. 389. JOHNSON & JOHNSON arious 05/03/11 13,076. 12,243. 833. KRAFT FOODS INC arious 05/03/11 23,513. 19,312. 4,201. POWERSHARES INTL DIV arious 05/03/11 3 352. 3 700. -348. POWERSHARES INTL DIV arious 05/03/11 3 352. 3 680. -328. POWERSHARES INTL DIV arious 05/03/11 8 381. 8 725. -344. ETF SPDR S&P DIV arious 05/03/11 11 076. 9 376. 1 700. VERIZON COMM arious 05/03/11 3 819. 3 103. 716. VERIZON COMM arious 05/03/11 3 819. 2 787. 1 032. KRAFT FOODS INC arious 05/11/11 6 838. 5 518. 1 320. VG HLTHCR ETF arious 05/11/11 19 246. 16 251. 2 995. VG HLTHCR ETF arious 05/11/11 19 246. 13 557. 5 689. VG HLTHCR ETF arious 05/11/11 38,493. 26,332. 12,161. CATERPILLAR INC DEL arious 05/17/11 21 400. 9 618. 11 782. CATERPILLAR INC DEL arious 05/18/11 10 612. 4 809. 5 803. CATERPILLAR INC DEL arious 05/18/11 10 612. 4 103. 6 509. CATERPILLAR INC DEL arious 05/19/11 10 545. 4 103. 6 442. I SHARES MSCI BRAZIL arious 05/19/11 7 152. 6 384. 768. DOW CHEM CO arious 06 01 11 24 955. 13 573. 11 382. HEWLETT-PACKARD arious 06 01 11 3 658. 4 473. -815. HEWLETT-PACKARD arious 06 01 11 14 632. 13 729. 903. HEWLETT-PACKARD arious 06 01 11 7 316. 6 582. 734. XCEL ENERGY arious 06/01/11 1 230. 913. 317. XCEL ENERGY arious 06/01/11 24 601. 17 569. 7 032. AT&T INC arious 06/02/11 12 492. 11 155. 1 337. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) ~~~~ 11-15-11 Schedule D-1 (Form 1065) 2011 2 Name shown on return. Do not enter name and filer's identifying number rf shown on other side. Fi~er•s ~dent~ry~n9 number Beech Tree Investments LP 20-2420101 DarF II I nnn_Torm C`anital [~ainc anA I nccpc - ascptc HPlrl Mnre Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., tlay, yr.) (c) Date sold (mo., day, yr.) (d) Sales price (e) Cost or other basis (f) Gain or (loss) Subtract (e) from (d) 7 JOHNSON & JOHNSON arious 06/02/11 6 671. 6 104. 567. JOHNSON & JOHNSON arious 06/02/11 13,342. 11,670. 1,672. HAWKINS INC arious 06/06/11 8,089. 4,020. 4,069. COLGATE-PALMOLIVE arious 06/08/11 16 848. 14,500. 2 348. COLLATE-PALMOLIVE arious 06/08/11 25 272. 21 314. 3 958. FHLB 6~ 6/29/17 arious 06/15/11 52 325. 50 000. 2 325. DNA 4.75 07/15/15 arious 06/17/11 110 210. 99 080. 11 130. READIG TAX 5.2 11/17 arious 06/17/11 56 190. 50 000. 6 190. S FAYETTE 4$ 11/17 arious 06/17/11 26 208. 24 920. 1 288. WFC 4.375$ 1/31/13 arious 06/17/11 52 500. 49 440. 3 060. TJX COMPANIES INC arious 07/11/11 5 390. 2 822. 2 568. AMERICAN ELECTRIC arious 07/22/11 37 029. 33 678. 3 351. DOMINION RES VA NEW arious 07/22/11 4,818. 4,138. 680. DOW CHEM CO arious 07/22/11 10 365. 5 817. 4 548. DOW CHEM CO arious 07/22/11 6 910. 3 618. 3 292. HAWKINS INC arious 07/22/11 14 807. 8 040. 6 767. HONEYWELL INTL INC arious 07/22/11 11 377. 11 444. -67. MARKET VECTORS ETF arious 07/22/11 5 400. 5 907. -507. MARKET VECTORS ETF arious 07 22 11 5 400. 5 889. -489. MICROSOFT CORP arious 07 22 11 13 580. 11 639. 1 941. MICROSOFT CORP arious 07 22 11 40 739. 32 804. 7 935. MIDDLEBY CORP arious 07 22 11 8 946. 4 338. 4 608. VALE SA ADR arious 07/22/11 6 486. 2 884. 3 602. VERIZON COMM arious 07/22/11 10 971. 8 361. 2 610. ALLIED IRISH BKS PLC 08/09/11 8 524. 253 045. -244 521. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form '1065 or 8865) or Schedule D, line 7 (for Form 1065-B) iii s 11-15-11 arious Schedule D-1 (Form 1065) 2011 Name shown on return. Do not enter name and filer's identifying number'rf shown on other side. F~i~r'S.de^cityi^9 ^^mber Beech Tree Investments, LP 20-2420101 Part II Long-Term Capital Gains and Losses -Assets Held More Than One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) d Sales nce ( ) p (e) Cost or other basis (f) Gain or (loss) Subtract (e) from {d) 7 ENCANA CORP arious 08/09/11 5 385. 6,090. -705. ENCANA CORP arious 08/09/11 13,464. 14,389. -925. ENCANA CORP arious 08/15/11 2,429. 2,774. -345. ALLIED IRISH BKS PLC arious 08/26/11 5 428. 232 206. -226 778. ALLIED IRISH BKS PLC arious 08/26/11 487. 20 839. -20 352. ABBOTT LABORATORIES arious 12/22/11 16 266. 10 853. 5 413. ABBOTT LABORATORIES arious 12/22/11 10 844. 7 235. 3 609. CORNING INC arious 10/24/11 19 773. 21 375. -1 602. CORNING INC arious 10/14/11 2 722. 2 850. -128. FED KAUFFMAN A #66 arious 08/31/11 8 796. 7 651.. 1 145. GE 4~ 5/15/15 arious 11/15/11 50 000. 36 359. 13 641. ISHARES MSCI EAFE TR arious 10/31/11 5 261. 5 850. -589. ISHARES LG CAP GRWTH arious 10/31/11 5,751. 3,569. 2,182. RUSSELL 2000 SC IND arious 10/31/11 7 234. 4 643. 2 591. MIDDLEBY CORP arious 12/22/11 9 271. 162. 9 109. MIDDLEBY CORP arious 12/22/11 9 271. 162. 9 109. POWERSHARES QQQ TR arious 10/24/11 5 687. 2 987. 2 700. POWERSHARES QQQ TR arious 10/24/11 22 750. 11 948. 10 802. PWRSHS WATER ETF arious 10 24 11 11 263. 7 495. 3 768. RAVEN INDS INC arious 11 01 11 6 216. 328. 5 888. SPDR DOW JONES IND arious 10 20 11 5 770. 3 OOi'. 2 763. SPDR DOW JONES IND arious 10 20 11 17 311. 9 02G. 8,291. SPDR DOW JONES IND arious 10/31/11 11 854. 6 013. 5 841. SPDR S&P MIDCAP 400 arious 10/24/11 15 252. 9 452. 5 800. SPDR S&P MIDCAP 400 arious 10/24/11 15 252. 9 452. 5 800. i 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D line 7 (for Form 1065-B1 .~.~ ii-is-ii Schedule D-1 (Form 1065) 2011 Name shown on return. Do not enter name and filer's identifying number if shown on other side. I Filer's identifying number RP_P_C~i'1 Tree Investments . LP 20-2420101 2 Part II Long-Term Capital Gains and Losses -Assets Held More T han One Year (a) Description of property (Example: 100 sh. XYZ Co.) (b) Date acquir) d (mo., day, yr. ((c) Dateysyd) mo., da , r- d Sales rice () p (e) Cost or other basis (f) Gair( )r (toss( ) Subtract a from d 7 VALE SA ADR arious 12/22/11 4 088. 2 201. 1 887. XCEL ENERGY arious 10/20/11 24,770. 10,940. 13,830. 8 Total. Combine the amounts in column (f). Enter here and on Schedule D, line 8 (for Form 1065 or 8865) or Schedule D, line 7 (for Form 1065-B) - 2 6 9 4 6 5 . nnie ii-is-i~ Schedule D-1 (Form 1065) 2011 i Form 8916-A Department of the Treasury Internal Revenue Serrire - Attach to Schedule M-3 for Form 1065, 1120,1120-L, 1120-PC, or 11205. OMB No. 1545-2061 2011 Name of common parent Employer identification number Beech Tree Investments LP 20-2420101 Name of subsidiary Employer identification number ParF 1 (:nct of (,ends Sold Cast of Goods Sold Items a Expense per Income Statement b Temporary Difference c Permanent Difference d Deduction per Tax Return 1 Amounts attributable to cost flow assumptions 2 Amounts attributable to: a Stock option expense ............................ b Other equity based compensation ............... c Meals and entertainment d Parachute payments ........ e Compensation with section 162(in) limitation f Pension and profit sharing ..... ................. g Other post-retirement benefits h Deferred compensation ... ..... ............... i Section 198 environmental remediation costs j Amortization k Depletion .,..._.._ I Depreciation m Corporate owned life insurance premiums ... n Other section 263A costs 3 Inventory shrinkage accruals .. ........_.___,.. 4 Excessinventory and obsolescence reserves 5 Lower of cost or market write-downs 6 Other items with differences (attach schedule) 7 Other items with no differences 8 Total cost of goods sold. Add lines 1 through 7, in columns a, b, c, and d JWA For Paperwork Reduction Act Notice, see page 4. Supplemental Attachment to Schedule M-3 Form 8916-A (2011) 113315 ~2-21-11 Fam8918-A(2D11) Beech Tree Investments, LP 20-2420101 Pagel DarF 11 In+urnc+ Inrnmu Interest Income Item Income ILoss) per Temporary Permanent Income~aoss) per Income Statement Difference Difference Tax eturn 1 __ Tax-exempt interest income Stmt 18 53 569. -53 569. 2 Interest income from hybrid securities 3 Sale/lease interest income 4a Intercompany interest income -From outside tax affiliated rou 4b _ Intercompany interest income -From tax affiliated rou 5 __ Other interest income Stmt 19 16 506. 16,506. 6 Total interest income. Add lines 1 through 5. Enter total on Schedule M-3 (Forms 1120, 1120-PC, and 1120-L), Part II, line 13 or Schedule M-3 (Forms 1065 and 1120S) Partll,line 11. 70 075 . -53 569. 16 , 506 . Par+ 111 In+prpc+ Fxnpncc~ a n e b o c ma d c o Interest Expense Item per Expe s Temp rary Per nent ti n per Dedu Income Statement Difference Difference Tax Return 1 Interest expense from hybrid securities 2 Lease/purchase interest expense 3a Intercompany interest expense -Paid to outside tax affiliated rou 3b _ Intercompany interest expense -Paid to tax affiliated rou 4 _ Other interest expense 5 Total interest expense. Add lines 1 through 4. Enter total on Schedule M-3 (Form 1120) Part III, line 8; Schedule M-3 (Forms 1120-PC and 1120-L), Part III, line 36; Schedule M-3 (Form 1065) Part III, line 27; or Schedule M-3 Form 1120S Part III, line 26. JWA Form 6916-A (ZU11) 773378 72-21-77 Beech Tree Investments, LP 20-2420101 Footnotes Statement 1 ~djusted Basis of Property 4,292,593. air Market Value of Property 4,292,593. ~chedule K Interest Income Statement 2 escription U.S. Bonds Other Orrstown Bank 12,473. ~rrstown Bank 4,033. - Dotal to Schedule K, Line 5 i 4,033. 12,473. -- Schedule K Dividend Income Statement 3 Ordinary Qualified nescription Dividends Dividends .~rrstown Bank 78,706. 74,422. jotal to Schedule K, Lines 6a & 6b 78,706. 74,422. chedule K Other Income (Loss) i Statement 4 Vescription Miscellaneous Portfoilo Income dotal Included in Schedule K, Line 11 Amount 188. 188. schedule K Deductions Related to Portfolio Income Statement 5 ~)escription investment Expense From Form 1099-DIV -'professional Fees Total included on Schedule K, Line 13d Amount 10,716. 1,900. 12,616. Statement(s) 1, 2, 3, 4, 5 Beech Tree Investments, LP 20-2420101 achedule K Other Adjustments and Tax Preference Items Statement 6 escription Amount djusted current earnings from the partnership 53,569. dotal to Schedule K, Line 17f 53,569. I chedule K Tax-Exempt Interest Income Statement 7 description Orrstown Bank l I"'otal to Schedule K, line 18a Amount 53,569. 53,569. Schedu el el K Nondeductible Expense Statement 8 description Amount investment Expenses Allocated to Tax Exempt Income - 6,492. Total to Schedule K, Line 18c 6,492. I Schedule K Other Items Statement 9 i Description Amount ;accrued Income (IRD) as of August 26, 2011 20,484. Statement(s) 6, 7, 8, 9 Beech Tree Investments, LP 20-2420101 schedule K Gross Income from All Sources Statement 10 ncome Type Total ividends/Distributions 78,706. Interest 16,506. apital Gains 132,547. ~ rade or Business 0• Rent/Royalty 0' "Tate/Local Refunds 0. partnership/S Corporation 0• Trust/Estate 0' ther Income 188' nontaxable Income - 53,569. Total to Schedule K, Line 16b 281,516. ^pchedule L Other Current Assets Statement 11 4escription Account Receivable - Partners Dotal to Schedule L, Line 6 Beginning of End of Tax Tax Year Year 860. 860. 860. 860. achedule L Other Investments Statement 12 Description ~ommon Stocks corporate Bonds and Notes investment Remaining Section 754 adjustment municipal Bonds and Notes Mutual Funds ti1.S. Government Agency Obligations Total to Schedule L, Line 8 Beginning of 'End of Tax Tax Year Year 2,421,942. 334,535. 1,839,956. 204,339. 1,194,717. 1,077,781. 99,440. 1,792,164. 1,483,132. 728,018. 49,440. 5,128,415. 6,097,049. Statement(s) 10, 11, 12 Beech Tree Investments, LP Porm 1065 Partners' Capital Account Summary Statement 13 Dartner Beginning Capital Schedule M-2 With- Ending umber Capital Contributed Lns 3, 4 & 7 drawals _ Capital 1 46,988. -908. 46,080. 2 4,425,828. -227,751. 4,198,077. 0. 4 J 468,082. -5,943. 462,139. 6 I 562,301. -5,943. 556,358. 7 0. 5,683,353. 267,195. 5,950,548. ~otal 5,503,199. 5,683,353. 26,650. 4,198,077. 7,015,125. 20-2420101 Statement(s) 13 Beech Tree Investments, LP ~chedule M-3 Other Income (Loss) and Expense / Deduction Statement 14 Items with No Differences 20-2420101 description per Income Statement per Tax Return ther Income (Loss) - See Statement ther Expense / Deduction - See Statement ~otal to Schedule M-3, Part II, Line 25 188. -12,616. 188. -12,616. -12,428. -12,428. Schedule M-3 Other Income (Loss) Items with No Differences Statement 15 escription iscellaneous Portfoilo Income ~otal to Schedule M-3, Part II, Line 25 Income (Loss) per Income Statement 188. 188. Income (Loss) per Tax Return 188. 188. chedule M-3 Other Expense/Deduction Items with Differences Statement 16 1 Expense/ Deduction per Income pescription statement I Investment Expenses Allocated io Tax Exempt Income 6,492. Total to M-3, Part III, Line 30 6,492. Expense/ Deduction Temporary Permanent per Tax Difference Difference Return -6,492. 0. -6,492. 0. Statement(s) 14, 15, 16 Beech Tree Investments, LP 20-2420101 chedule M-3 Other Expense/Deduction Items Statement 17 ~ with No Differences Expense/ Expense/ Deduction Deduction per Income per Tax escription Statement Return Investment Expense From Form 1099-DIV 10,716. 10,716. professional Fees 1,900. 1,900. Total to Schedules M-3, Part II, Line 25 12,616. 12,616. Form 8916-A Tax-exempt Interest Income Statement 18 per Income Temporary Permanent escription Statement Difference Difference rrstown Bank 53,569. 0. -53,569. ~otal to Part II, Line 1 53,569. 0. -53,569. ~orm 8916-A Other Interest Income Statement 19 per Income Temporary Permanent per Tax escription Statement Difference Difference Return rrstown Bank 16,506. 0. 0. 16,506. Total to Part II,. Line 5 16,506. 0. 0. 16,506. Statement(s) 17, 18, 19 651111 Sehadula K-1 'n', ''~ 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1066) For calendar year 2011, a'tax ~ V ~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits _ etc. - See separate instructions. Credits 2 Net rental real estate income posy , 18 Foreign transactions 3 Other net rental income (loss) Various Count Part I Information About the Partnership 2 815. A Partnership's employer identification number 4 Guaranteed payments 3 9 . 20-2420101 6• city, state, and ZIP code address B Partnership's name 5 Interest income , , 165. Beech Tree Investments, LP sa Ordinary dividends 628 Brad Street 787. 17 Alternative min tax(AMT)items Shi ensbur PA 17257 6b Qualified dividends C IRS Center where partnership filed return 7 4 4 . E-File 7 Royalties 18 Tax-exempt income and D ~ Check if this is a put~licly traded partnership (PTP) 8 Net short-term capital gain (loss) 1 325. nondeductible expenses * 536. 9a Net long-term capital gain (loss) * 6 5 . Part II Information About the Partner -3 526. E Partner's identifying number 20-2419541 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, i;ity, state, and ZIP code 9c Unrecaptured sec 1250 gain 20 O ther information American Beech Investments, LLC 10 Net section 1231 gain (loss) 954. 628 Brad Street 126. Shi ensbur PA 17 2 5 7 11 Other income (lass) * 4 0 . G ®General partner or LLC 0 Limited partner or other LLC * 2 . member-manager member H ®Domestic partner 0 Foreign partner What type of entity is this partner? Partnership 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 1.0000000% 1.0000000% Loss 1.0000000% 1. oooaaoo°~° Capital 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecourse $ ............................................... Qualifiednonrecoursefinancing $ 'See attached statement for additional in formation. ...,._._.._.._..___,.. Recourse $ 0 L Partner's capital account ;analysis: Beginning capital account _.... $ 46,988. Capital contributed during the year $ Current year increase(der:rease) ........................ $ -908. Withdrawals & distributions ..................... ....... $( ) Ending capital account ....... .......................... $ 46,080. ® Tax basis ~ GAAP ~ Section 704{b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes ® No If "Yes" attach statement see instructions a ,/ ~ j ~ o 1,1281 „-oa-„ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-f (Farm 10s5) 2011 1 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Portfolio Income, Box 11, Code A escription Partner Filing Instructions iscellaneous Por.tfoilo Income ~otal to Schedule K-1, Box 11, Code A Amount 2. chedule K-1 Other Portfolio Deductions, Box 13, Code L description Investment Expense From Form 099-DIV rofessional Fees Partner Filing Instructions - Amount 107. 19. ~otal to Schedule K-1, Box 13, Code L Amount chedule K-1 Tax Exempt Interest, Box 18, Code A escription Partner Filing Instructions Orrstown Bank See Partner Instructions for K-1 (may be taxable by state) ~rotal to Schedule K-1, Box 18, Code A 536. 536. i 1 Schedule K-1 Nondeductible Expenses, Box 18, Code C scription Investment Expenses Allocated ~o Tax Exempt Income Partner Filing Instructions Amount dotal to Schedule K-1, Box 18, Code C Partner Number 1 2. 126. 65. 65. Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Information, Box 20, Code Y escription Partner Filing Instructions .S. interest (part of In 5/6a) See state instructions Amount 40. Schedule K-1 Current Year Increases (Decreases) escription Amount Interest income 165. ividend income 787• Short-term capital gain (loss) 1,325. Long-term capital gain (loss) -3,526. ~ther portfolio income 2• Schedule K-1 income subtotal Jortfolio deductions -126. Foreign taxes -6• Schedule K-1 deductions subtotal i Net Income (Loss) per Schedule K-1 1 Tax-exempt interest income 536. ,Nondeductible expenses -65. ~ Other increases or decreases subtotal ~otal to Schedule K-1, Item L Totals -1,247. -132. -1,379. 471. -908. Partner Number 1 January 1 through August 26, 2011 ~_~_~..r_ ~ . _ln ~ ", n Final K-1 n Amandad K-1 651111 (lMR No_ 1545-0099 (Form 1068) For calendar year 201,, or tax L V ~ ~ Department of the Treasury year beginning Part 111 Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits etC. ~ See Separate IfISt(UCtIOnS. Credits 2 Net rental real estate income (loss) , 16 Foreign transactions 3 Other net rental income (loss) Various Count Part I Information About the Partnership 241 825. A Partnership's employer identification number 4 Guaranteed payments 1 12 4 . 20-2420101 169. _ state, and ZIP code address city B Partnership's name 5 Interest income , , , 12 139. Beech Tree Investments, LP sa Ordinary dividends 6 2 8 Brad Street 3 9 2 0 8. 17 Alternative min tax (AMT) items Shi ensbur PA 17 2 5 7 6b Qualified dividends C IRS Center where partnership filed return 3 6 8 3 2. E-File 7 Royalties 18 Tax-exernpt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) -2 092. nondeductible expenses * 28 560. 9a Net long-term capital gain (loss) * 3 3 0 7 . Part II Information About the Partner -294 998. E Partner's identifying number 195-32-0870 9b Collectibles (28%) gain (loss) 19 Distributions C 4 198 077. city, state, and ZIP code address F Partner's name 9c Unrecaptured sec 1250 gain , , Helen F Crouse 20 o ther information Deceased 8 / 2 6 / 11 10 Net section 1231 gain (loss) 51 347 . 628 Brad Street 7 092. Shi ensbur PA 17257 ii Other income (loss) * 3 465. G 0 General partner or Ll_C ~ Limited partner or other LLC member-manager member H ®Domestic partner [~ Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 85.9008000% 0.0000000% Loss 85.9008000°~° 0.0000000% Ca ital 8 5. 9 0 0 8 0 0 0% 0. 0 0 0 0 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 Nonrecourse $ ....._ ........ ......................... $ Qualified nonrecourse financing "See attached statement for additional information. ... ................... . Recourse $ 0 . L Partner's capital account analysis: Beginning capital account _ ....._...._____..,,... , $ 4, 425, 828. Capital contributed during the year $ Current year increase (decrease) ........................ $ - 2 2 7 , 7 51 . Withdrawals & distributions _. _ ..................._,.,. $( 4 , 198 , 077 a Endin ca ital account .. _ 9 P .__._...... $ 0 • ®Tax basis [] GAAP ~ Section 704(b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? Yes ~ Na If "Yes" attach statement see instructions ~ ~ o i,-oa-„ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2011 2 Beech Tree Investments, LP 20-2420101 6chedule K-1 Other Portfolio Deductions, Box 13, Code L escription Partner Filing Instructions Amount investment Expense From Form 1099-DIV 5,459. professional Fees - 1,633. Total to Schedule K-1, Box 13, Code L 7,092. i I •chedule K-1 Tax Exempt Interest, Box 18, Code A Description Partner Filing Instructions Amount rrstown Bank See Partner Instructions for K-1 (may be taxable by state) 28,560. ~'otal to Schedule K-1, Box 18, Code A 28,560. chedule K-1 Nondeductible Expenses, Box 18, Code C description Partner Filing Instructions investment Expenses Allocated o Tax Exempt Income Total to Schedule K-1, Box 18, Code C Amount 3,307. 3,307. pchedule K-1 Other Information, Box 20, Code Y escription Partner Filing Instructions J.S. interest (part of In 5/6a) See state instructions Amount 3,465. Partner Number 2 Beech Tree Investments, LP 20-2420101 ~chedule K-1 Current Year Increases (Decreases) escription Amount Totals interest income 12,139. Dividend income 39,208. ~hort-term capital gain (loss) -2,092. gong-term capital gain (loss) -294,998. j Schedule K-1 income subtotal -245,743. i Portfolio deductions -7,092. Foreign taxes i -169. Schedule K-1 deductions subtotal -7,261. Net Income (Loss) per Schedule K-1 -253,004. ax-exempt interest income 28,560. nondeductible expenses -3,307. Other increases or decreases subtotal i 25,253. ~otal to Schedule K--1, Item L -227,751. Partner Number 2 651111 Cehadula K-i 'n 1 1 ~ Final K-1 ~_Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2011, or tax ~' V ~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits etc. ~ See Separate IIIStrUCt10nS. Credits 2 Net rental real estate income (loss) , 16 Foreign transactions 3 Other net rental income (loss) Various Count Part I Information About the Partnership 18 438. A Partnership's employer identification number 4 Guaranteed payments 2 5 3 . 20-2420101 36. and ZIP code state address city B Partnership's name 5 Interest income , , , , 1 081. LP Beech Tree Investments 6a Ordinary dividends , 6 2 8 Brad Street 5 ,15 5 . 17 Alternative min tax (AMT) items Shi ensbur PA 17257 6b Qualified dividends C IRS Center where partnership filed return 4 8 7 4 . E-File 7 Royalties _ 18 Tax-exernpt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) 8 681. nondeductible expenses * 3 509. 9a Net long-term capital gain (loss) * 4 2 5 . Part II Information About the Partner -23 094. E Partner's identifying number 162-46-4349 9b Collectibles (28%) gain (loss} 19 Distributions state and ZIP code city F Partner's name address 9c Unrecaptured sec 1250 gain , , , , Philip M Ritchie 20 O ther information and Jean C. Ritchie 10 Net section 1231 gain (loss) 6 248. 628 Brad Street 826. Shi ensbur PA 17 2 5 7 11 other income (toss) * 2 6 4 . G ~ General partner or LLC ®Limited partner or other LLC * 12 . member-manager member H ®Domestic partner [~ Foreign partner What type of entity is this partner? Individual 12 Section 179 deduction and capital: J Partner's share of profit lass 13 Other deductions , , Beginning Ending * STMT Profit 6.5496000% 6.5496000°~° _ Loss 6.5496000% 6.5496000% Capital 6 .5 4 9 6 0 0 0% 6.5 4 9 6 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 Nonrecourse $ _ ......................... Qualified nonreceurse financing $ "See attached statement for additional information. ....................... Recourse $ 0 . L Partner's capital account analysis: Beginning capital account .............. $ 468 , 082. Capital contributed during the year $ Current year increase (decrease) ...................... . $ - 5 , 9 4 3 . Withdrawals & distributions .. _ _ $( ) Fndingcapitalaccount __._ ......................... $ 462,139. ®Tax basis L~ GAAP 0 Section 704(b) book 0 Other (explain) M Did the partner contribute property with abuilt-in gain or loss? 0 Yes ® No If "Yes", attach statement see instructions ~ ~ o „-oa-'„ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2011 4 Beech Tree Investments, LP 20-2420101 schedule K-1 Other Portfolio Income, Box 11, Code A escription Partner Filing Instructions ~~iscellaneous Portfoilo Income ~otal to Schedule K-1, Box 11, Code A 12. chedule K-1 Other Portfolio Deductions, Box 13, Code L escription Partner Filing Instructions Amount Investment Expense From Form ?099-DIV 702. professional Fees 124. ~'otal to Schedule K-1, Box 13, Code L 826. chedule K-1 Tax Exempt Interest, Box 18, Code A escription Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for - K-1 (may be taxable by state) 3,509. ~otal to Schedule f K-1, Box 18, Code A 3,509. Schedule K-1 Nondeductible Expenses, Box 18, Code C I; ilescription - Partner Filing Instructions Amount investment Expenses Allocated ~o Tax Exempt Income 425. jotal to Schedule i K-1, Box 18, Code C 425. - Amount 12. Partner Number 4 Beech Tree Investments, LP 20-2420101 chedule K-1 Other Information, Box 20, Code Y escription Partner Filing Instructions Amount .S. interest (part of In 5/6a) See state instructions 264. chedule K-1 Current Year Increases (Decreases) escription nterest income ividend income hort-term capital gain (loss) Long-term capital gain (loss) ~ther portfolio income Schedule K-1 income subtotal ~ortfolio deductions roreign taxes ~ Schedule K-1 deductions subtotal i Net Income (Loss) per Schedule K-1 Tax-exempt interest income nondeductible expenses Other increases or decreases subtotal ~otal to Schedule K-1, Item L Amount Totals 1,081. 5,155. 8,681. -23,094. 12. -8,165. -826. -36. -862. -9,027. 3,509. -425. 3,084. -5,943. Partner Number 4 Schedule K-1 i i 651111 ~n "', ~ ] Final K-1 ] Amen~iari K-1 OMR No. 1545-0099 (Form 10s5) For calendar year 2011, or tax ~ V ~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etC. ~ See Separate InStrUCtIOnS. 2 Net rental real estate income (loss) i6 Foreign transactions _ 3 Other net rental income (loss) Various Count Part I Information About the Partnership 18 438. A Partnership's employer identification number 4 Guaranteed payments 2 5 3 . 20-2420101 36. B Partnership's name, address, city, state, and ZIP code 5 Interest income 1 081. Beech Tree Investments, LP sa Ordinary dividends 6 2 8 Brad Street 5 15 5 . 17 Alternative min tax (AMT) items Shi ensbur PA 17257 sb Qualified dividends C IRS Center where partnership filed return 4 , 8 74 . E-File 7 Royalties 18 Tax-exempt income and D ]Check if this is a publicly traded partnership {PTP) 8 Net short-term capital gain (loss) 8 681. nondeductible expenses * 3 509. 9a Net long-term capital gain (loss) * 4 2 5 . Part II Information About the Partner -23 094. E Partner's identifying number 199-36-5778 9b Collectibles (28%) gain (loss) 19 Distributions _ F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain James R Crouse 200 therinformation and Tace Crouse 10 Net section 1231 gain (loss) 6 248 . 931 Foxfire Trail 826• Oviedo FL 3 2 7 6 5 11 Other income (loss) * 2 6 4. G ]General partner or LLC ®Limited partner or other LLC * 12 . member-manager member H ®Domestic partner ~] Foreign partner I What type of entity is this partner? Individual 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * STMT Profit 6.5496000°~° 6.5496000°~° _ Loss 6.5496000°~° 6.5496000°~° ca ital 6.5 4 9 6 0 0 0°i° 6.5 4 9 6 0 0 0°i° 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: 0 . Nonrecaurse $ . ................ .............................. .. Qualified nonrecourse financing .. .... $ *See attached statement for additional information. ............... ... Recourse $ 0 . L Partner's capital account analysis: Beginning capital account $ 5 6 2 , 3 01. Capital contributed during the year $ Current year increase(decrease) ........................ $ -5,943. Withdrawals & distributions ............................ $( ) Ending capital account .. ...... ......................... $ 556 , 358. ®Tax basis [] GAAP ]Section 704(b) book ] Other (explain) M Did the partner contribute property with abuilt-in gain or loss? ] Yes ® No If °Yes" attach statement see instructions ~ ~ o ii boa-~„ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2011 6 Beech Tree Investments, LP 20-2420101 schedule K-1 Other Portfolio Income, Box 11, Code A escription Miscellaneous Portfoilo Income Partner Filing Instructions Amount 12. ~otal to Schedule K-1, Box 11, Code A 12. chedule K-1 Other Portfolio Deductions, Box 13, Code L escription Partner Filing Instructions Amount Investment Expense F rom Form 099-DIV 702. rofessional Fees 124. ~otal to Schedule K- 1, Box 13, Code L 826. chedule K-1 Tax Exempt Interest, Box 18, Code A description Partner Filing Instructions Amount Orrstown Bank See Partner Instructions for t K-1 (may be taxable by state} 3,509. ~'otal to Schedule K- i 1, Box 18, Code A - 3,509. Schedule K-1 Nondeductible Expenses, Box 18, Code C i Description Partner Filing Instructions Amount investment Expenses Allocated ro Tax Exempt Income 425. dotal to Schedule K- 1, Box 18, Code C 425. Partner Number 6 Beech Tree Investments, LP 20-2420101 Schedule K-1 Other Information, Box 20, Code Y escription Partner Filing Instructions Amount .S. interest (part of In 5/6a} See state instructions 264. chedule K-1 Current Year Increases (Decreases) escription nterest income ividend income hort-term capital gain (loss) Long-term capital gain (loss) other portfolio income Amount Totals 1,081. 5,155. 8,681. -23,094. 12. Schedule K-1 income subtotal -8,165. ~ortfolio deductions -826• oreign taxes -36. Schedule K-1 deductions subtotal -862. Net Income (Loss) per Schedule K-1 -9,027. Tax-exempt interest income 3,509. nondeductible expenses -425. Other increases or decreases subtotal 3,084. ~otal to Schedule K-1, Item L -5,943. Partner Number 6 August 27 through December 31, 2011 651111 Schedule K-1 %n 1 ~ 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (form 1065) ~ V ~ ~ For calendar year 2011, or tax Department of the Treasury year beginning Part III Partner's Share of Current Year Income f Deductions, Credits, and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business income (loss) 0 . 15 Credits Credits, etc. - See separate instructions. 2 Net rental real estate inoome pass) i6 Foreign transactions 3 Other net rental income (loss) Various Count Part I Information About the Partnership 2 191. A Partnership's employer identification number 4 Guaranteed payments 3 0 3 . 20-2420101 _ B Partnership's name, address, city, state, and ZIP code 5 Interest income 2 040. Beech Tree Investments, LP 6a Ordinary dividends 628 Brad Street 28 401. 17 Alternative min tax(AMT)items Shi ensbur PA 17257 6b oualifieddividends C IRS Center where partnership filed return 2 7 0 9 8. E-File 7 Royalties _ 18 Tax-exernpt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) 115 952. nondeductible expenses * 17 455. 9a Net long-term capital gain (loss) * 2 2 7 0 . Part II Information About the Partner 109 504. E Partner's identifying number 45-6461858 9b Collectibles (28%) gain (loss) 19 Distributions F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain 20 O ther information Estate of Helen F. Crouse 10 Net section 1231 gain (loss) 30 603. 628 Brad Street 3 746. Shi ensbur PA 17257 ii Otherincome(Ioss) * 20 484. G 0 General partner or Ll_C ~~ Limited partner or other LLC * 16 2 . member-manager member H ®Domestic partner ~~ Foreign partner What type of entity is this partner? Estate 12 Section 179 deduction J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending * 3 746. Profit 0.0000000°~° 85.9080000°~° Loss 0.0000000% 85.9080000°~° Capital 0. 0 0 0 0 0 0 0% 8 5 .9 0 8 0 0 0 0% 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: Nonrecourse .................. $ . . .......................... . . .................... $ oualifiednonrecoursefinancing "`See attached statement for additional information. .... Recourse $ 0 . L Partner's capital account analysis: Beginning capital account _...__.,.._.... $ Capital contributed during the year ........... ....... $ 5 , 6 8 3 , 3 5 3 . Current year increase (decrease) ........................ $ 267 , 195. Withdrawals & distributions ._ .,..,,_ ..............._ $( ) Ending capital account .... ............................... $ 5, 950, 548. ®Tax basis [~ GAAP 0 Section 704(b) book Other (explain) M Did the partner contribute property with abuilt-in gain or loss? Yes ~ No If "Yes" attach statement see instructions o ~ o ii~oa-1„ LHA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2011 7 Beech Tree Investments, LP 20-2420101 chedule K-1 Other Portfolio Income, Box 11, Code A s escription 1•iscellaneous Portfoilo Income Partner Filing Instructions Amount ~otal to Schedule K-1, Box 11, Code A 162. 162. chedule K-1 Other Portfolio Deductions, Box 13, Code L escription Partner Filing Instructions Investment Expense From Form 099-DIV Total to Schedule K-1, Box 13, Code L J~ 1 Amount 3,746. 3,746. Schedule K-1 Tax Exempt Interest, Box 18, Code A Description prrstown Bank Partner Filing Instructions Amount See Partner Instructions for K-1 (may be taxable by state) ~otal to Schedule K-1, Box 18, Code A 17,455. 17,455. chedule K-1 Nondeductible Expenses, Box 18, Code C escription Partner Filing Instructions Amount investment Expenses Allocated o Tax Exempt Income Total to Schedule K-1, Box 18, Code C I 2,270. 2,270. Partner Number 7 Beech Tree Investments, LP 20-2420101 schedule K-1 Other Information, Box 20, Code Y escription Partner Filing Instructions Amount ccrued Income (IRD) as of August 26, 2011 20,484. i Schedule K-1 Current Year Increases (Decreases) Description Amount nterest income 2,040. .9ividend income 28,401. Short-term capital gain (loss) 115,952. ong-term capital gain (loss) 109,504. ~ther portfolio income 162. Schedule K-1 income subtotal i ~ortfolio deductions -3,746. Foreign taxes -303. Schedule K-1 deductions subtotal Net Income (Loss) per Schedule K-1 Tax-exempt interest income 17,455. nondeductible expenses -2,270. Other increases or decreases subtotal i ~otal to Schedule K-1, Item L 1 Totals 256,059. -4,049. 252,010. 15,185. 267,195. Partner Number 7 T Y W J W U LL Q a ~; ~ ~ ~ ro ~ z z . l0 . l0 . N . r . OJ . 00 . 10 . 10 . O . O . O1 . N . r . O1 . M . O . r . l17 O O N V~ O OD r-1 ri lp 1n l0 Ol r Ol In Ifl r N 11l r V~ IA N .--I ~O In OJ In 1f1 ~ O ~-i M l0 O .-i N ~ l0 00 CP N ltl N r-I M M l0 O7 M M l0 O] In Q E .-~ r r M M .-1 m In rn o m N rn .--i ~ ~ ro 11 ri N I N r-I Ln l0 '-I O Z Z i ~ In In ~ r U1 O ri o] N VI N 10 r-I M lA O M 117 a0 ri cp O Ol lfl O 10 d~ Ol O 111 r l11 Ol VI OS O VI O Ol 111 e-I r .-i M V~ N M .--I lf1 r x m ~ N O r 111 O1 M N r N M r O C w N N ~-i O ~--1 Cp tp In N O m .1 .--1 ~ N rn ~ Z Z W u sa In In ro U u m a-I In VI ~--I ~ N l0 OD M l0 O1 In .--I M O] 00 1l') r OJ Ol e-I N M In M O N O V~ ltl O ri 00 l0 O 00 '~ N 111 ~ M T M ~D ~ ~ .-i In ~ (A M O7 M N 111 lp ~ ~ ~ ~ Z Z m ~-I 111 VI ei VI N l0 07 M ~D . O1 . l11 . N . M . , O1 a0 111 r 00 Ol ri N M lIl M O N OJ V~ M O a-i of t0 O OJ d1 N lfl V~ O Ol ~-{ N ~ N 111 V~ OJ M 00 M W lf1 N C N .--I ~D ~ lp C C ~ I ~r rn ~ ro Z a U Z -~ -.i a1 .~ • N . O1 . OD . N . N . O7 . N . 111 . VI . O1 . O . r . r . 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Zullinger Law Offices of Zullinger-Davis I4 North Main Street, Suite 200 Chambersburg, PA 17201 Fax: 264-1884 Re: Estate of Helen F. Crouse Social Security Number 195-32-0870 Date of Death 8/26/11 IT IS HEREBY CERTIFIED THAT THE ABOVE NAMED DECEDENT HAD THE FOLLOWING ACCOUNT WITH ORRSTOWN BANK: CHECKIIVGACCUUNT Account No.- Account Type- Date Opened- Joint Account (name/date)- Balance- Accrued Interest- 651761 50+ Interest Checking 615/91 No $22,913.21 $0.60 Date of death values for any and aI1 trust accounts will be provided under separate cover Pram our Trust Department_ Best Regards, . t~~ 1 R. Worthington Deposit Processing Clerk Raraivacl I ~~f1P. SFD. ~. ~ 1;111I~1Y1 2695 Philadelphia Avenue Charnbersburg, PA 17201 1.888.ORRSTOWN vt~4rif"v2i,~~~'5~~4~'~'&'04~~5~ SEP-07-2011(WED) 16:38 P.002/D18 Orrstoun Einanc a lAl Advi.pts Charlene L. Fnuchtenborger A;:aistant Vice Provident / ['fiduciary Ofricer Date of beats: Valuation Date: 09/2fi/2011 05/26/2011 C::c ate oI: Estate of Helen P. CrouAP,. ProCeRSing Date: 09/29/2011 Account: Orratoun yinaneial Aeinvosted Sham s Report Typo: Date oC Death Humber of Securities: I Eile ID: H. CAOUSE 0119,evp OFS Shcires or tar Security DPSCription Mean dnd/or ni / Dl~ and Inr, Security gh As Y. Low/did T,d-ju3tmenCS Accru?,};; v~luo 1) 36511.9318 ORRSTOwN r7NL Svc; ;NC (667350105) COM The.. WASDAQ SCOCY, Market LLC 08/26/2011 15.00000 14,52000 111E ]4.760000 Total Vulue: TotA1 Accrual: Total: 55~i3,J94.11 q~/~ Assistant Vice Presider / Fiduciary Officer 543,344.11 SSa3,344.11 X0.00 Pnga 1 Thl:: report Nxs produCect with ~:sraCeVal, a product o~ SstACc Valuations 6 FriC.inq Systems, Inc. IC you have: questions, please contact EVP Syetoms at (8201 313-6300 oz wwu.evpvys.com. (Rovision 7.2.0} SEP-07-2011 (IJED) 16:39 Y P. 004101 8 U.~J d.tt~L~ ~c6~~ ~.d ~~~~ j, Orrstown Eln~nci~l Advisors " Chdrlenr L. _-°eucht en~orger Psis[ant vier ProSidE:nt / G'.iducinry Of ficer - pale of Dedth: 00/26/2011 Estar,> of: EStote oL- Helen F. Crouse vglua [lon DatC: 08/26/2011 ~ AceouCa: 01.19 Proce ssing Date: 08/29/2011 Report Typfa: Delta of Death ttumtrer ox: SecuCities: 37 cilc ID'. h. C1l0USE D114 Shares Security Moan 7t1d/ar DlV and Int Security or Pat Duacription Nigh/Ask Low/eiq .ad'Justments Accruals Value 1) 300 AT&T ZNC (U0206R102) COM New York Stock Er,~hange OA/ZG/201i 29.21000 28.95000 H/L 28.830000 8,649.00 21 SDO 71B90TT LAfi3 (002824100) COM New York Stock Exchange ~ 50.27000 08/26/Z011 98.63000 H/L 49.450000 24,725.00 3) 10500 ALTAIA GROOP INC (022095103) COM Neu York Stodt ExcCi~nge 08/26/2011 - ZG.36t)00 25.61000 H1L 25.999000 272,989.50 4) 1500 BANK OF NEw YUkK MELLON COkP (064068100) COM Neu York Stuck E::ChBnge OR/2G12U11 2D.29000 19.32000 H/L 19.805000 29,707.50 51 Unt:now:t Ct15IP (072001993) 0.00 6) 50000 pE?vEn CN7'Y Pt1 (074f}ti1PtB81 financial. Times TnteraCCive Data DTD: 13./01/2007 Mat: 11!01/2016 3.8~ 08/261201.1 107,61600 Mkt • 107.61600(1 53, 80fi. 00 Znt: 05/01/2011 l:o D9/2b/2011 006.94 7) 90000 kiERWICK 7n AkEA ."+CH DI57 (086'(87LN9) Financ181 Times In:e.ractive Data • DTD: OB/15/2001 Mnt: 10/01/2021 58 OB126/2011 100.4000D Mkt 100.408000 40,1fi3.20 Int: 04/01/2011 to OH126/2011 80:;.56 01 400 BIO-REFERENCE LAt35 INC (090576602) COM S•O1 NEW The NASDAQ 5toc1: Market tLC 08/26!2011 19.12000 ]8.90000 H/L 70.760000 1,504.00 9) 30000 ,\ CENTRAL DAUPfl1N PA~3GH DIST 115330DQ971 FinanClal Tim~DS Inrr:LbctivC Datd DTD: 10/01/2006 Mat: V2/pI/2024 4.$Y: 08/26/201:1 ~ 105,31000 MkC 105.310400 84,248'.00 Int: O8/01/2011 to 08/26/2011 4, ~ 250.00 10) 300 CHESAPEAKii ENERGY COlip ;1651671071 COM Neu Yorl: SCOCk E;cchang~ 08/2612011 30,52110D 28.69DU0 H!L z~,saoDOD a,a74.oD 111 200 CHEVRON CUAP t9ti'w (166764700) COM New Yozk Stock Exchang0 08/26/2011 97.35000 93,36000 H/L 95.355000 19,071.OD Div: D,78 Ex: 08/17/2011 Rcc: 08/19/20;1 Pay: 09/12/2011 156.00 ~~ Page 1 This report ua:; produced wiClt Estatoval, .+ product o: Estate Veluatlons 6 Pricing Systemu, Inc. ti you have queaCiona, plea3u contact f;VF Systems at (8101 313-6300 or wuu,tvpoys.rom. (Rnviaion 7.x.01 SEP-07-ZOII(WED) 16:39 Date of Drath: OB/26/ZOli ` valuation Date: 09/Z6/2011 Processing Date: 08/29/2011 P. 005/018 E:stdte of; };sLBte ot.' Helen F, crouoe Account: 0119 neporC Typz; Date of D°8th Number of S'eCUriti,;;;; 37 Filr, ID: H. GROUSE 0119 ShareB ui;curity Mean and/or Div and Int Socurity o= Par besCriptlon AighlASk Lou/Did Rdjustnients Accru5ls Velue 121 100 COLLATE L'ALMOLIVE CO (194!62703! COM IQOw York Stock ExCY;ange 08/26/2011 88.02000 95.04D00 H/L 86.530000 131 500 OU pONT E I DG NE'MODAS 6 CO t2635341D9} COM New York Stock Exchange 08/26/2011 46.41000 44.10000 t1/L 45.295D00 Div: O.ql E~:: 08/11/2011 Rec: 06/15/2011 Pay: 09/12lZ011 14) 600 EATON CORD (278058]OZI COM Neu Ycrl: ;rock Exchango OH/2612011 40.43000 38.30000 H/L 39.3650D0 I5) 200 ENCANA CORp S292SOS1D4} COM Now York Stock Exchange OA/26/2011 2x,59000 23,55000 H/L 24.070000 lfi} 9433.952 FIbELITY PA TRX FREE PORTt~LIO 13163942091 PENN ML717 INCM Mutual f'untl (as quoteU ty NASDRp) 08/26!2011 3D. 9'lODO Mf:L 10.91000D 17) 100 FRANKLSN FINL SVGS CORP (3535251091 COM OTC Bulletin 9card 09/1.6!2011 15.7500D 15.50000 H/L 15.621000 191 ~i900 PIER°MEY i;0 (4278661081 COM Now York 3tpck Erchange OB/26/Z011 57.37000 55.53000 II/L 5fi.450000 biv: 0.3~6s Er.: 00/23/2011 Rec: 08/25/2011 eay: 09/IS/2011 191 1000 INTEL C05.p (958140100) COM TnF3 NASDAQ Stock Macket T,LC OB/2612D11 19.97000 19.2700D H/L 19.620000 b1,v: D.21 Ex: 08/03/2011 Rac: 08/07/20!1 eay: 09/01/2011 20! 100 INTERNATIONAL 2U3IN~SS MACHS (459200101) COM Ncw Yort; Stock Exchange 08/26/2013 169.33000 163.20000 ))/L ' !66.305000 Uiv: 0.75 Ex: 00/0812011 RCC: D8/10!20}1 L'ay: 09f70/2013 21) 6000 Y,RAeT FOODS INC (SD075N104} CL A New York stock Exchango ' 00/26/2011 34.09000 34.90044 H1L 33.435000 221 1400 M d T BK CORP 155261F105) COM New l'orl: Stock Exchango 00126!2011 74.84000 71.53000 N/L 73,185000 R, 653.00 22,647.sD aas.Do a3,6i9.Do a.ala.Do ]02,924.53 1,562.50 383,SOS.DO 2,300.50 19,620.00 210.06 16,fi3U.5D 75.00 200,970.Op 102,459.00 L'agc: 2 This rdport was produced with EStateVdl, a produCL of Estate VHluations 6 pricing Systems, Tnc. If you have queetlon„ please contact EVP Systems at (818) 313-6300 or vww.ovpsy:•.co:¢. (Itevi~ion 7,2,0) SEP-07-2011(~1ED) 16:39 P. 006/018 ' bat.: o± Ur.ath: 0@/26/2011 EataCe; of; Cstate oP Helen F. cruuse vblua tion Date: 08/26/2011 Account: 0119 Pzoce ssing D&te: 00/29/2D)1 Reporc xype; Date o: Death Number of Securities: 37 e11o iD.. IL CttoUSE 011y Shares Serurity Mean and/or Div anc3 Int Socuzity or psar Deacrlption High/Ask Law/Bid Adjustnent-n Accruals ValUo 231 2000 MIC1lOSOFT CORp (594910104) COM The NA.;DAQ StoCY. MarkUt LLC OB/2G/2011 25.3x000 24.42000 H/L 24.9900D0 x9,760.OD Div: 0.16 r•.x: 06/15/2011 Roc: 00/1@/2011 Pay: 09/OA/2011 360.00 24) Unknown CusiP (GB70FS9931 0.00 25} 100 PNC ~INL SvCS CROUP INC (593975105) COM Now York Stock Exchanno 09/26/2011 97.19000 45.32000 H/L 4ti.Z55000 x,625,50 2G) 9000 CHI LIP MORRIS lN:L INC 17181721091 COM New York Mork exchange 00/26/201.1 x'9,54000 67.10000 II/L 68.650000 617,850,00 27} 300 RAVt:N IND3 INC {754212108} COM Thu NPaDAQ Stuck Market LLC 08/26/2011 53.09000 50.41000 H/L 51.750000 15,525.00 2@1 15329.03 pOWE T PRICE SNOR'C TCRM 5D GD (77g57P1051 COM Mutual Fund Ids quoted by NASDAQ) 06/2G/2011 3.65000 MS;t 9.850000 74,345.90 291 100 T,7X CD:, INC NEW (972540109) COM Now York Stock Exchango 08/2f,/2011 54.95500 52.45000 H/L 53,702500 5,370.25 Div: 0.19 Cx: 08/09/2011 Roc: 00/11/2011 Fay: 09/01;2011 19.00 30) 200 VALERO $NGRGY CORa NEW 191913Y100) COM Neu York SCOCk ExolmngP 08/26/2011 20.99010 19.82000 N/L 20.x05050 4,001.01 Div: 0.05 trx: UBJ15/?011 ReC: 0@177/2011 pay; 09 /14/2011 10.00 31) 5307.550 VANGUARD/WBLLE5LlY INCOME 1'D (9219:t@106) COM Mutual E'und las quotod by NASDAQ) 08/26/2011 22,11000 I.1kt 22.110000 117,350.11 321 G942,343 VANGUAA^ FIXED INCOME SEC./ ZrD (92^_03303fi1 STRM INVGIW AD " Mutual Lund (aR quoted by NASDAQI' 0@f26/2011 10.72000 Mkt 10.72D000 74,421.92 33) 3651.OD4 VANGUARD F1XED INCOME SECS PD (9221)31@fi91 YNFL PROT SECS Mutual Fund (as quoted by NASDAQ) 08/26/ZU11 14.1200Q I4kt 14.120000 54,517,3@ 34 } 9319. G65 VANGUARD ;'A ?A:C FREB ['D 1922041,302 ) LONG TA}LY:X ADM Mutual rand fag ryuoted by NASDAQ) OB/2n'/2011 11..1@000 Mk: 11.100000 104,193.85 Page 3 this roport wax produced ulth EstatoVal, d pzaduct a~ Estate Vdluations 6 Pricing Sy:;tems, Inc. IL you helve questions, please contact EVP ;yscems at IB10) 313-6300 or www.P.4p;;y3.COn1. (Revision 7.2.0) SEP-07-2011(tdED) 16:39 P. 007/01 8 • Data of Doath: OB/26/201i G~tate o°: Eal;ate o'a Helen E. Crouse ValuaCion Oate: OD/26/2p11 Recount: 6119 i~rocessinp Date: 08/29/2011 RepoCt TypC ; Oat? o~ DFath Number o_° Securiti,r,;;: 37 ~.11o iD: H. CROUSk: 0119 SharCn Secuzity ;4oan ahd/or Div and Int: Securlty or Paz nescripCicn 1t1gh/APk Low/Eid .4djUStmenCs RcCCUals Vjlue 35) l0D VODAGONE GRODP eLC NEw (5ZB57W109) SPONS ADR N]sw Now York Stock Exchange 08/26/2011 26.73000 25.?ODDD x/L 2G,315000 36) 1200 WRL :4ART STORES SNC t9311421D3! COM New York Stock Exchange 08/26/2011 ~ 53.24D00 51.95000 H!L 52.59500D Div: 0,365 Fx: OB/IO/2011 Rec: 08/12/2011 Pay: 09!06/2011 37) 3D0 NOBLE CORUORATION >3AAR (115833NiDJ) NAMGN -AKT New York Stock Exchange 08/26/2011 32,1200(1 29.95000 H/L 31,D35000 Total va.Luo: Total Accrual: Total: 3^2,645,717,05 PorCfollo t;ndnotea Orrstown Hank baily Deposi'_ 11043440997 5250,OOp.00 Int. 517.3] Honey Markr.t ~G0934N625 DSG8,332.14 Int. $38.76 Aseis~ant Vice Presi.d ~~~/rr Fiduciar}r Of f ices 2,G31,50 fi3,114.00 438.00 9.310.50 52,640,241.05 S5,47G.DD Pagp 4 This report was produced with EstaCCVa1, d product of Egtate Vaiuatiohs & PCicing Systems, lnc. If you have questions, please contact EVP Sy3temg at {81Q1 313-G30D pr www.~vp~ys.COm. (Revision 7.2.01 SEP-07-2011 (IJED) 16:39 P.OO3/O18 -~,b 1 e ~--~ ~ ~ cc,r ; rs ~~ ~ ~~ Orrstown Financial Advj,ors Charlene 1-. E'euohtonbergrt ns::istant Vice presider:t / Yiduciary Office r Date of Death: 00/Z6/2011 EstaCO of: CBtate oC Helen F. Crouso valuation Date; OB/2fi!2011 Account- 0137 Procussing Date: Ott/29/2011 Report Typa; Date of DeaL•h Number of SacuriCiea: 3 Eil~ ID: H.CROUSB 0137 Shares ge;curity Mean and/or Div and int Security or par Description High/Ask LowlBid adjustments Accruale Value 1) 1914.907 l:'EDGRATED TOTAL RETURN SEA; (31428Q1011 TOTL kET iNSTL Mutual Fund (a. quoted by Nn3DAC)) 08/26/2011 11.JZD00 Nkt 11.320tl00 20,544.75 2) 1782,815 VANGUARD FIXED INCOME SECS @'D 1922D31810) INT'IiM INVGIiDAD t4utual N'unp tas quoted by NASllAO1 00/26/2011 10.10000 Mkt 10.100000 1A,006.43 3) ]b93.039 VANGUARD EIX¢D INCOKF SECS FD {922031969) INFL L'ROT SECS Mutua.L Eund las quoCCd by NASDAQI 0©/26/2011 19.12000 M}:t 1a .120000 23,405.71 Total value: 362,9b6.89 Total Acczual: 50.00 Total: 62,956.09 Portfolio Endnotos Orzstown Dink Daily Deposit W Oa;Ig9099T S 2,5$3,27 InL•orest 5.19 Charlene Z. Feuchte AsaisCant Vice Pres 9 ~~~~ r. / Fiduciary Officer Page 1 T11ia report use produced with rstateVal, n ptod:aGt of EgCato Valuations 6 Pricing Syatenl~, Inc, If you have quastiona, please contact EVP Systems at (818} 313-6300 or wNw,evpsys.com. (Revision 7.2.01 . larlotte Financi$! Calculator ^ Calculate Principal Amount Payment Amount Term > Schedule Naxt Payment Number 1 Loans 1~ ~ ~~~ ~~9 Gated: 1/10/08 Principal Amount X109,330,85 Annuet Interest Rate 4,000 Pa ents per Year 12 i~ayment Amount ~soo.oa Temp 23 years b months Next Payment Date 01/26/2006 page 1 ~-. C.>I-~u~e., ~. ~at2~ ~cxtl~er~n~ R~~havk Payment Date PB;I Payment Interest Prlnclpal balance. Due 1 x1/2812008 600.00 364.44 .-~ 235.56 • ~ 109,095.30-' :. 2 0226/2008 800.00 363.65 238.35 108.85@.55 3 03128!2006 600.00 362.86 237.14 108.821.81 q 04/2612008 600.00 382A7 237.83 108,3$3.88 5 05/26/2006 800.00 36128 238.72 108,1x8.16 8 06~g/2ppg 800.00 380.48 239.52 107,905.64 7 07/28/2008 600.00 359.89 240.31 107,685.33 g 0812~DO8 800.00 358.88 241.12 107,42421 g Og2g2ppg B00.00 358.08 241.92 107,182.29 10 10282006 600.00 357.27 242.73 106,939.56 11 11/28/2008 800.00 356.47 243.53 106.686.03 12 1?J2612008 800.00 355.65 244.35 108,451.88 7,200.00 4,320.82 2.879.18 13 01/2612007 800.00 354.84 245.16 108,208.52 i4 x22612007 800.00 354_x2 245.98 105,980.54 15 03/2812007 600.00 353.20 246.80 105,713.74 18 04/2612007 600.00 35238 247.62 105,466.12 17 05262007 800.00 351.65 248.45 105,217.87 18 08/2812007 600.Q0 350.73 249.27 104,968.40 19 07/282007 800.00 348.89 250.11 104,718.29 20 0628!2007 600.00 349.08 250.84 104,487.35 21 09126/2007 800.00 348.22 251.78 104.215.57 22 10282007 800.00 347.39 252.61 103.982.98 23 111282007 800.00 348.54 253.48 103,709.50 24 1212$12007 600.00 345.70 254.30 103,45520 7,200.00 _. 25 ''t 01/26/2008 ~'~0~ 800.00 f 28 ~'?Fi~ 800.00 / 02/28/20080 2 27 ,~ ` 03282008 p'.~Z$~ 800.00 ~/ 28 04@612008 U}-25- ~` 3 600A0 ~ 29 05/262008 ~Z$'O°~j 800.00 ~ 30 06/28/2008Q~-~[2~ 600.00 31 07/2812008tf1~j.\-G~ 800.00 / 32 08~/28/2008D~~L~'cl~ 800.00 ~ / ~ 9~ 33 600.00 08/28/2008 '11L 34 10/2612008 LU-2$-O`t3 800.00 36 11/2B/20081~~1-~a-C3°a 600.00 / 38 12/26/2008 IL-2•~o~800.00 / 4,203.52 2.996.45 L ~e4-SEr rj~c~ ~ z^5rr96 ~~ q b' i 03,200 05 ^ '~ 4 34x_00 ~/ 258.00 +~ 102.944.05 343.15 ~ 256.85 / 102,887.20 342.29 257.71 / 102,x29.49 341.43 / 258.57 _ 102,170.92 340.57 3 259.43 / 101,911.48 1 `` ~~~0~ 338.84 261.6/ 101,390 .03 lJ~~` 337.87/ 262.03 / 101,128.00 337.09 / 282.91 / 100,865.08 338.22 / 263.78 / 100,801.31 336.34 / 284.68 / 100,336.60 ~ `l 8~ ~(~ 7,200.00 4,081.45 3,118.55 600.00 / 37 01282009 p2~o2~Uq 334.46 / 285.54 / 100,071.11 _ 38 0226/2009t78)b~- D°1 60D.00 // ~ 333.57/ ~ 266.43/ ~ 99,804.88 7 3 09 600.00/ 38 03128!2009 03~ ao 332.88 267.32 . 8 59,53 40 04/26/2009 ~~ Z~ d~ 800.00 /~ ~ 331.79 / 288.21 / / 99,269.15 41 05126!2009 ~jt 21 ~a 600.00 / 330.90 / 289.10 88,000.05 charlotte l=financial Calculator Calcufat® Principal Amount Payment Amount Term > Schedule Next Payment Number 1 Loans Dated: 1110/08 Principal Amount 5909,330.86 Annual Interest Rate 4.000 Pa manta per Year 12 Payment Amount $800.00 Term 23 years S months Next Payment Dete 01/26/2006 Payment Data P&1 Payment Interest Principal Balance Due 42 06/28/2009 (DIZ21 ~ 600.00 V 330.00 270.00/ X8,730.06 43 07/26/2009 "'i~2~~o~ 600.00 "~ 329.10 / 270.90 ~ 98,459.15 44 osx262oosg^I~-4`t 600.00 328.20 // 271.80-^~ / 98,187.35 Ui0°{ ~q~ 45 09/28/2009 ~' Z\ 'U ~ 600.00 321.29 / 272.71 97,914.64 , 48 10126x2009\\ ^ 2-~t 800.00 / 326.38~~ / 273.82 ./ / 97,841.02// 47 11/26/2009 \~ 30 -oFi 600.00 ./ ~ 325.47 324 55 ~ 274 53 , 45 / 275 97,388.49,/ ~ ~,/ 04 JCf.-1~ 1tItU~ f 081 97 48 12/28/2009 \~-~~L~09 600.00 . . . , 7,200.00 3,954.39 3,245.61 / 49 0126)2010 t~~'l0 600 00 / 323.64 / 276.36 / 88,814.88v 50 0226/L010 Z[a3tta . 600.00 / , 322.72`/ 277.28./ 21/ 27 96,537.40 /~~~.,1~~10~ 19/ 01 96 269 61 52 032812010 ~ Vj ifl 0412&12010 ~{1d.4~ c~ ~_~ 600.00 /! 321.79 320.86 r 8 279.14 =~ , . 85.880.05C~~ 53 05/26/2010 (~~ \,tp 800.00`/ 319.93 ~ 280.07 / 95,899.88/ C1L C2~1\ta 5d 08262010 ~~~~ 600.00.- 319.00 / 261.80 ,/ 45,418.98 66 56 47282010~t~11~ 0 08/26!2010 ~{ta 11Q 600.00 00/ 600 318.08 / 317.12/ 281.94 / 282.88/ 95,137.04 94.854.16) 57 . 09/26201 D at( 2~,1 b . ~.~'~ 316.18 ~ 283.82 / 94,570.34 5a 1 10/262010 . t1 ~ 1 ~d 800.00 / 315.23 / ~ 284.77 / ~ 9a,285.57./~ ~ 69 11/28/2010 flI29\ta 600.08 314.29 285.71 93,999.86 ti/ 60 12/26/2010 \Z\~"l~lv ~0-fir 313.33/ 28@.87/ 93,713.79t(~. 7,200.00 3,fl2215 3,377.85 69 01/2812011 t'~~it 600.00 / 31238/ 287.62t~ 93,425.57 62 02J26/2011(~.~23~t 1 600.00/ 311.42/ 288.58 / 93,138.99 63 03x282011 Q3~33~t3 800.00 ~ 310.46 / 289.64 3/ 92,847.453/ B4 0428/2011 Q6~s5~\t 600.00 / 308.48 f 290.51 / 92,666.94 65 05x2812011 5,311\ 800.00 ~ 308.52 ~ 291.48 / 92.265.46 / 66 06262011-11 t ~ t 3 800.00 3/ 307.55/ 292.45/ 91,973.011r B7 0726@011 "l! Iq~ 11 800.00/ 308.58/ 293.42 V 91,879.69 68 08/26!2011 ~1 ytp ~ t 1 800.00 / 305.60 ~ 294.40 ~ 91,385.193! 69 09/26/2011 ~\~Si~ 600.00 / 304.62 \/ 295.38/ 91,089.61 ~ - 70 1028x2011 \a-91-3\ 600.00/ 303.63/ 296.37/ 90,793.44~/~ 71 11x26!2011 800.00 302.84 297.38 90,496.08 72 12262011 600A0 301.66 298.35 90,197.73 7.200.00 3,884.54 3,515.48 73 01/28/2012 800.00 300.68 299.34 89,898.39 74 02126!2012 61)0.00 299.68 300.34 89,598.05 75 03x262012 600.00 298.88 301.34 89,296.71 76 04/26/2012 600.00 297.88 302.34 88,984.37 77 05/26/2012 800.00 296.65 303.35 88,891.02 78 08!26x2012 600.00 295.84 309.36 88,388.86 79 07x26/2012 800.00 294.62 305.38 88,081.28 80 08!2612012 600.00 293.60 306.40 87,774.88 81 09/26/2012 600.00 292.58 307.42 87,487.48 92 10/26/2012 800.00 299.56 308.44 87,159.02 Page 2 Charlotte financial Calculator Loans Dated: 1/10108 Catculats Principal Amount Payment Amount Term ? Schedule Next Paymerrt Number 1 Prinapal Amount $109.330.86 Annual Irterest Rate 4.000 Payments per Year 12 Payment Amount 5600.00 Term 23 years 8 months Next Payment Data 01/28/2006 Payment Qats P&1 Payment Interest Pdndpal Balance Oue 83 7126J2012 800.00 290.53 309.47 86,849.66 84 12128/2012 600.00 288.50 310.50 88,539.05 7,200.00 3,541.32 3,658.68 86 01/26/2013 fi00.00 268.46 311.54 86,227.51 88 02/262013 600.00 287.43 312.57 85,914.94 87 0328/2013 600.00 288.38 313.62 85,601.32 88 04/28/2013 600.00 286.34 314.66 85,286.66 89 0526/2013 800.00 28429 315.71 84,870.95 90 08/28/2013 600.00 283.2,4 318.78 84,854.19 91 072812013 ~ 600.00 282.18 317.82 84,338.37 92 06/26/2093 800.00 281.12 318.88 84,017.49 93 09!26!2013 600.00 280.08 319.84 83,697.55 94 10/28/2013 600.00 278.99 321.Oi 83,378.54 95 11282013 600.00 277.92 322.08 83,054.46 96 122E;/2013 800.00 276.85 323.16 82,731.39 7,200.00 3,39228 3,807.74 97 01/26!2014 800.00 27b_77 324.23 82,407.08 98 02126/2014 600.00 274.89 325.31 82,081.77 99 03/262D74 600.00 273.61 328.39 81,755.38 100 04/23/2014 600.00 272.52 327.48 81,427.90 101 051262014 800.00 271.43 328.57 81,099.33 102 062612014 800.00 270.33 329.67 $0,769.66 103 07/26/2014 600.00 28923 330.77 80,438.89 104 08!2612014 600.00 288.13 331.87 80,107.02 105 08/26/2014 800.00 267.02 33298 79,774.04 108 1026/2014 800.00 285.91 334.09 79,438.95 107 91282014 600.00 264.80 335.20 79,104.75 108 12/28/2014 800.00 263.68 336.32 78,768.43 7,200.00 3,237.12 3,982.88 109 01/26/2015 800.00 282.56 337.44 78,430.99 1 i 0 02/262015 600.00 281.44 338.58 78,082.43 711 03!282015 800.00 260.31 339.69 77,762.74 112 0412ii12016 600.00 259.18 340.82 77,411.92 113 052$2015 600.00 2b8.04 347.98 77,069.96 114 06/28/2016 600.00 258.90 343.10 76,726.86 115 072$2015 600.00 255.76 344.24 78,382.82 716 08/26/2015 800.00 254.61 345.39 76,037.23 117 09/26/2075 600.00 253.48 348.54 75,690.69 118 1026/2015 600.00 252.30 347.70 75,342.99 '119 11/26!2015 800.00 251.'14 348.86 74,994.13 120 12262016 600.00 249.98 350.02 74,844.11 7,200.00 3,076.68 4,924.32 Page 3 •Chartatte Financial Calculator Caloutate Principal Amount Payment Amount y Schedule tsext Payment Number i Loans ~atea: v~a~aa Principal Amount $109330.86 Annual Interest Bete 4.000 Ps menu per Year 72 Payment Amount $600.00 Term 23 years S months Next Payment Date 01126!2006 Payment Date P&1 Payment Interest Principe! Balance Due 121 0126!2016 800.00 248.81 351.18 74,29292 '122 0228/2018 600.00 247.64 352.38 73,940.56 123 03/28/2016 600.00 246.47 353.53 73,687.03 124 04/28/20'16 600.00 245.28 354.71 73,232.32 12b 05/2802018 600.00 244.11 355.88 72,876.43 126 Oo162016 600.00 242.92 357.08 72,519.35 127 0728/2016 600.00 241.73 358.27 72.181.08 128 08/28/201 B 600.00 240.64 359.46 71,601.82 129 09/26/2016 600.00 238.34 360.66 71,440.98 130 10/28/2016 600.00 238.14 381.88 71,079.10 131 11/28/20'18 600.00 236.93 363.07 70,718.03 132 12/26/2016 800.00 235.72 36428 70,351.75 7,200.00 2,907.84 4,282.38 133 01/26/2017 800.00 234.61 365.49 69,986.26 134 02/26/2017 600.00 233.28 366.71 68.618.65 135 03282077 600.00 232.07 387.83 68,251.62 136 04/28/2017 600.00 230.84 385.18 88,882.48 137 05/262017 800.00 229.61 370.39 68,512.07 138 0628/2011 600.00 228.37 371.63 68,140.44 139 07/28/2017 600.04 227.13 372.87 67,787.57 140 08262017 600.00 225.88 374.11 87,383.46 141 0926/2017 600.00 224.64 375.36 87,018.10 i 42 102Gl2017 800.00 2,23.39 376.61 68,641.49 143 i 1262017 600.00 22214 377.88 68,263.63 144 12128/2017 600.00 220.88 378.12 85,884.51 7,200.00 2,732.78 4,467.24 146 01/26/2018 800.00 219.62 380.38 65,504.13 148 02126/2018 600.00 218.35 381.65 86,12248 747 03/28/2018 600.00 217.07 382.93 64,739.55 148 042812018 600.00 215.84 384.20 84,355.35 148 0628201$ 800.00 214.52 385.48 63,869.87 150 06/26/2018 600.00 213,23 386.77 63.5$3.10 161 07/26/2018 600.00 211.94 388.08 83, 985.04 152 08/262018 600.00 210.65 388.35 62,805.69 153 08/28/2018 600.00 208.35 380,85 82,415.04 154 10/26@018 800.00 208.06 391.96 82,023.09 155 11128/201 S 600.00 208.74 393.28 81,629.83 156 12/262018 600.00 205.43 394.57 61,235.28 7,200.00 2,550,75 4,848.25 157 01262019 600,00 204.12 395.88 60,839.38 158 0228!2019 800.00 20280 387.20 80,442.18 169 0302612018 600.00 201.47 398.53 60,043.65 160 04/2602019 800,00 200.16 399.88 69,843.80 161 05/8/2019 800,00 198.81 401.19 69,242.61 Page 4 .Charlotte Financial Catcutator Page 5 Loans Dated: 1/70/08 Calculate PrinGpal Amount Payment Amount Term > Schedule Next Payment Number 1 Principal Amount 5109330.85 Annual Inter®st Rete 4.000 P ants per Year 12 Payment Amount $600.00 Term 23 years ti months Next Payment Date 01/26/2006 Payment Date PBd Payment fntsn3st Prinape! Balance Due 162 0628/2019 600.00 197.48 402.52 58,840.09 '183 07/26/2019 600.00 196.13 403.87 58,436.22 164 08282019 600.00 194.79 406.21 88,031.01 168 09/262019 600.00 193.44 408.58 57,624.45 188 10/26/2019 800.00 19208 407.82 57,216.53 167 i 128201 9 600.00 190.72 409.28 56,807.25 168 12/26!2019 600.00 189.36 410.84 56,396.61 7,200.00 2,381.35 4,838.65 189 01/26!2020 800.00 187.99 412.01 55,984.80 170 02!2812020 600.00 186.62 413.38 55,571.22 171 03282020 600.00 185.24 a1a_76 86,166.48 172 04/262020 600.00 183.85 416.15 54,740.31 173 05/26/2020 800.00 18247 417.53 54,322.78 174 09282020 600.00 181.08 418.92 53,903.88 178 - 07/262020 600.00 179.88 x20.32 53,483.54 176 08!2812020 600.00 17828 421.72 53,061.82 177 Og~6/2020 800.00 176.87 423.13 52,838.89 178 1028/2020 600.00 175.46 424.64 52,214.15 178 - 11/262020 600.00 174.05 x25.95 67,788.20 180 - 12282020 600.00 172.83 427.37 51,360.83 7,200.00 2,16422 5,035.78 181 01/26/2021 600.00 171.20 428.80 30,932.03 182 02/26!2021 800.Op 169.77 430.23 50,501.80 183 0326/2021 600.00 168.34 431.66 50,070.14 184 04/282021 600.00 188.90 x33.10 49,637.04 185 08126!2021 600.00 185.46 434.54 49,202.50 188 06/26/2021 600.00 164.01 435.99 48,768.51 187 07262021 600.00 162.58 x37.44 48,328.07 188 08/2$2021 600.00 181.10 438.90 e}7,890.17 i 89 09126/2021 800.00 169.63 440.37 47,448.80 190 10262021 600.00 158.17 441.63 47,D07.97 191 11/262021 600.00 158.89 443.31 x6,564.66 192 12/26/2021 600.00 166.22 444.78 48,119.88 7,200,00 1,959.05 5,240.95 193 01/282022 600.00 153.73 448.27 x5,673.61 184 02/2612022 800.00 1522b 447.75 45,225.88 195 0328/2022 600.00 150.75 449.25 44,776.61 196 04262022 600.00 149.26 450.74 44,325.87 197 0520/2022 600.00 147,75 452.25 43,873.82 1gg Q8282p22 600.00 148.25 453.76 43,419.87 198 07/262022 600.00 144.73 455.27 42,964.60 200 08/26/2022 800.00 143.22 458.78 42,507.82 201 0926/2022 800.00 1x1.69 458.31 42,049.51 202 1028/2022 800.00 140.17 459.83 41,589.68 Charlotte Financial Calculator Loans Dated= 1/10106 Calculate Principal Amount $109,330.86 Prindpal Amount Annual Interest Rate 4.000 Payment Amount Pa ants per Year 12 Term Payment Amount $600.00 ~ Schedul® Term 23 ears 5 months Next Payment Number 1 Next Payment ©ate 01/~6l2006 Payrrtsnt Date P&! Peyrrsent Interest Principal Balance Due 203 11/282022 600.00 138.63 461.37 41,128.31 204 12126/2022 600.00 137.Q9 482,51 40,665.40 7,200.00 1,745.52 5,454.48 205 01/28/2023 600.00 13s_55 464.45 40,204,95 206 02/282023 &00.00 134.00 4fi6.00 39,734.95 207 03J~023 800.00 132.45 487.55 39,267.40 208 0486/2023 600.00 130.89 489.11 38,788.29 209 05/282023 600.00 129.33 470.67 38,327.62 210 06/2672023 600.00 127.78 472.24 37,856.38 211 07120/2023 800.00 126.18 473.62 37,381.58 212 0828/2023 600.00 124.81 47b.39 38.908.17 213 04/28/2023 600.00 123.02 47S_98 36,429.19 .214 10!2512023 600.00 121.43 478.57 33,950.62 215 11/26!2023 800,00 119.84 480.18 35,470.46 216 12/28/2023 600.00 118.23 481.77 34,988.89 7,200.00 1,523.28 5,878.71 217 0188120!24 800.00 116.63 483.37 34,505,32 21$ 02887202a 600.00 ~~5.02 as4_s8 34,020.34 219 03/26/2024 600.00 113.40 a88.60 33,633.74 220 04116/202d 800,00 111.78 488.22 33,045.52 221 05/26/2024 800.00 110.25 488.85 32,555.87 222 08/28!2024 600.00 108.SZ 491.48' 32,064.19 22.3 07/26J2024 600.00 106.88 493.12 31,671.07 224 08/26/2024 800.00 105.24 494.78 31,076.31 225 09/2612024 600.00 103.69 496.41 30,579.80 226 10126!2024 600.00 101.93 498.07 30,091.83 227 11/26/2024 800,00 100.27 489.73 28,582.10 228 12/26/2024 800.00 98.67 SOi.39 29,080.71 7,200.00 1,282.02 5,907.98 229 01/28/2025 600.00 98.94 503.06 28,577.65 230 02/2612025 800.00 95.28 504.74 28,072.91 231 0386/2026 600.00 93.68 606.42 27,588.49 232 04/282025 600.00 99.89 508.11 27,068.38 233 05/26/2026 600,00 90.19 509,81 26,548.57 234 08/288023 600.00 88.50 571.60 28,037.07 235 07/26/2025 500.00 86.78 513.21 25,523.86 238 0826/2025 600,00 8S_08 514.92 25,008.84 237 09!2612025 600.00 83.38 516.64 24,492.30 238 10/2612025 800.00 81.64 518.38 2.3,973.94 239 11/28/2025 600.00 79.91 620.09 23,453.85 240 12/28/2025 600.00 78.18 521.82 22,932.03 7,200.00 1,061.32 6,148.88 Page 6 ..Charlotte Financial Calculator Page 1 Loans Dated: 7170/08 Calculate Prtndpal Amount $109,330.86 Prindpal Amount Annual Interest Rate 4.000 Peym®nt Amormt Payments per Year 12 Term Payment Amount $600.OD ~ Schedule Term 23 years 5 months Next Payment Number 1 Next Payment Date 01/26!2008 Payment Oate P&1 Payment tnterast Principe! Balance Dug 241 01/26/2026 800.00 76.44 523,58 22,408.47 242 02/28/2028 600.00 74.69 525.31 21,883.16 243 03/26/2026 600.00 72.94 527.08 21,359.10 244 04/26/2026 800.00 71.19 628.81 20,827.29 245 05262028 60000 89.42 530.58 20,296.71 246 0526x2028 600.00 67.66 532.34 19,784.37 247 07/26/2026 800.00 65.813 634.12 19,23025 248 08x282028 600.00 84.10 535.90 18,694 36 24Q 09!26/2028 800.00 62.31 537.89 18,158.68 250 10/26/2028 800.00 60.62 639.46 17,617.18 251 11/26/2028 600.00 58.72 541.28 17,076.90 262 12x2812026 600.00 56.92 543A8 16,532.82 7,200A0 800.79 6,39921 253 0'1/2812027 600.00 55.11 544.89 15,987.93 254 02/26/2027 800.00 53.29 546.71 15,441.22 255 03x28/2027 800A0 61.47 648.63 1.4,892.69 258 04!28x2027 600.00 49.84 550.36 14,342.33 257 05!28/2027 600.00 47.81 552.18 13,790.14 258 03/28!2027 800.00 45.97 554.03 13,238. i 1 259 072E2027 800.00 44.12 656.88 12,680.23 280 0826/2027 800.00 4227 557.73 12,122.60 261 09!2812027 600.06 40.41 559.59 11,56291 262 1012$!2027 600.00 38.54 561.48 11,001.45 263 11/26/2027 800.00 36.67 563.33 10,438.12 264 12/26/2027 600.00 34.79 565.21 9,872.91 7.200.00 640.09 8,859.81 285 01126!2028 600.00 32.51 587.09 9,306.82 266 02/26/2028 600.00 31.02 588.98 8,738.84 287 03J262028 800.00 29.12 670.88 8,185.98 268 04!262028 600.00 27.22 572.78 7,593.4 S 269 05/282028 600.00 25.31 574.89 7,018.49 270 06/26/2028 800.00 23.39 676.61 8,441,88 271 - 07/282028 600.00 21.47 578.53 5,863.36 272 05/262028 800.00 19.54 580.46 5.282.89 273 091262028 600.00 17.61 58239 4,70D.50 274 10/282028 600.00 15.67 584.33 4,116.17 275 11/26/2028 600.00 13.72 686.28 3,528.89 276 12/26!2028 600.00 11.77 588.23 2,941.66 7,200.00 268.75 6,931.25 277 01/26/2029 800.00 9.81 590.19 2,351.47 278 022P2029 800,00 7.64 692.16 1,759.31 279 03/262029 600.00 5.68 594.14 1,185.17 280 04/28x2029 600.00 3.88 598.12 569.05 281 05@6/2028 570.96 1.90 569.05 0.00 Charlotte Financial Calculator Loans Dated: 1/10!08 Calculate Principal Amount $109.330.86 Principal Amount Annual Interest Rata 4,000 Payment Amount Payments per Year 12 Payment Amount $t3D0_00 ~ errn > Schedule Term 23 ears 6 months Next Payment Number 1 Next Payment Deta 01/26!2006 Payment Data P&I Payment Interest Principal Balance E7ue 2,970.95 2929 2,941.86 Page 8 am. {~~- t3y:.Tc~y tldraes: RET'U~O: m. tnrtrgmeni P,eparea br Fidelity National Tide am.: 601 N. Magnolia Ave., Suite ~,,,,~ Orlando, FL 32801 (~ // ~l, operty Appulears Paresl ldan011catlan 34-21-30~-5DG-0000-2t Alo NumCar)s)' aNao)s~ 6.5 I )s) 1it11 li 11111 tll 11 [il t{ ~iE Il {!I t! m u w n )s~ rt.tl a.'n ^•-~ tdARYRNNE MORSE, CIERN OF CIRCUIT COURF SE~EINOtE COUNIY BS{ 05213 P6S 0I 12-0: 1 's LLERH' 5 ~t 2004t2t30853 RECORDED 0"s/~?/zU14 19;21:3 RM MT6 DOC TRX 4x7.51 INTANG TAX 2~.~ RECORDING FEES S5.9ti REL'ORDED PY S O'Kelley SPACE ABOVE THIS LINE FOR RECOROINO DATA ~"C ~I U- ,, °e 99 I~ Executed the 26th Catherine Crouse, single ~IL~TS ~LTTL$1`I$C -- day ° f November hereinafter called the Mortgagor to Selen F. Crouse Trust Dated November 27, 1996 hereinafter called the Mortgagee: 2003 A. D. -- by )NTaaver used ttaram ma iarms'manpapgr' anG'mongapaa' ssuft mctuae smpu~at and piursl au ma panic to true iniliumant antl the nsirs. opal npraiantalW is. anE Biapns ql mtlrvi0uals. ana tna sv[Cesidt an0 asi~pna al corpgranani, wnerarsr rna con test sa anmrts or roqurras 7 Tt1TE'SSEf~~ that for good and valuable considerations, and also in consideration of the aggre- gate sum named in the promissory note of even date herewith, hereinafter described, The mortgagor hereby grants, bargains, sells„ aliens, remises, conveys and confrrms unto the mortgagee aU the certain land of which :he mortgagor is new sei~ad and in possession situate in Saninole County. State of Florida viZ; Lot 243, Wrenwoocl Heights, Unit T"ro, according to the Plat thereof as recorded in Plat Book IB, Pages 77 and 78 of the Public Records of Seminole County, Florida. This is a Purchase Money First Moi:tgage. This Mortgage is not assumable or transferrable without the written consent of the Mortgagee. SPACE ABOVE TH15 LINE FOR RECORDING DATA and shall perfnnn, conrpty +rith rind «hide by rash and every the agreements, sNpulatianr, conditions and covenants thereof, and of this mnrtgagr, then thi.e murtgngr and the esarre hereby treated, shall tense, terminate and be null and void. ~YC~Y the mortgagor lrrreby firrthrr ruvennnt-r curd agrees rn pas' pronrpr(y when due the principal and interest nor! other rums of money provided for in said note taut this orurrgnge, or either; to pay all and singular dre rases, assessments. levier, liabilities, obligations, mrd rnc•umbrunces of every nature on said property; ro perrnir, ronurrit nr s•uf(er no waste, inrpainnrnr nr deterioration of said land nr the improvenrenrs thereon ar any rime; to keep the buiLrlings now ur hereajter an suit! land fully insured in a sum of not less than the full in~+~r )-tl value _ in n ronrpnny nr c•nmpanies acceptable ro the mortgagee, the policy or policies to be held hy, and payable tu. said mortgagee, ant! in dre every arty Brun' of money becomes payable by virtue of such insrrranct the mortgagee shall hove rfre right ro receive and apply the same to the indebtedness Itereby secured, accounting to the mortgagor jar any rurplus; to pay all costs, charges, and expenses, including lawyer's fees and title searches, reasonrr6ly incurred or paid try rJre mortgagee because oJlhe failure of the mortgagor ro promptly nnrl fully comply with the agreements, stipulations, conditions and c•nvennnts aj raid Wore and this mortgage, or eirlrer; to perform, comply with and abide by each and every the ngreemenls, stipulations, conditions and covencurfs se! forth in said Hole and this rnorrgage or tither. !n the event the rnorrgagor fails ro pay when due arty tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such pnyrnenls shall bear interest frurn dare thereof at the highest lawful rate then allowed by rJte fawn of the State of Flor1(3a CJ f auy sum of money herein referred to be nor promptly paid within --30-- clays next after the same becomes doe, or if each and every the agreernenrs, stipulations, conditions and covenants of said note and this mortgage, ar either, are not fully performed, complied with anti abided by, then the entire sum mentioned in said Wore, rend this mortgage, or the entire balance unpaid thereon, shall forthwith or !hereajter, at the option of the mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee ro exercise any of the rights or• options herein provided shall oat constitute a Ivaiver of arty rights or options under said note or this mortgage accrued or !hereafter accruing. cJn ~itness ~Ijereaf, the said Mortgagor has hereunto rigned and sealed these prerenrs the day and year first above written. sense of.• ~: V Mengngor Signemm t~atr Catherine Crouse Printed Non 5212 Tangerine Avenue, Winter Par~k,F~1r.~ Pan OlRre Addrna JL r72 lu to Co-MOrl gcgoi. if aryl Co•Mungcgnr Signninrc. (i( cnYl Yrinlca Name Wiineca Sig,ui are fns io Co~Afnrigngur, if nnyl Yoer Offlce Addre,s Yrinced Name STATE OF I7ARIDA ~ I hereby Certify (hat on This day, before me, an officer duly authorized COUNTY OF ORANGE ~ to administer oaths and take aeknowlcdgmems, personally appeared Catherine Crouse, Single known to me to be the person--.-described in and who executed the foregoing inslntment, who acknowledged before me (hat =ne execmed the cams, and as oath was noI taken. (Check one:) O Said person(s) is/are personally known tome. ^ Said person(s) provided the (allowing type of identification: I>rivers ~ iricense NOTARY RUBBER STAMP SEAL -~ ltne im hand and official seat in the County and State last aforesaid mt - - day of November __. n.n- 2003 uf~~r.-~~-- r 1 ~~ .lotrda J Sellars rein r Nn ~~, '• MY ~d(salon X1787 4~~~"'"'^^1Vr' B¢i2s Jfrw 29. 20!Tr sue" r,~T SAACE ABOVE THIS LINE FOR RECOROIHG nATA - V11I ~2I~E tIYT~t tD ~Dj~i the same, together with the tenements, hereditaments and appurre• nances fhereta belonging, and the rents, issues and profits thereof, unto the morrgngee, in fee simple. ~YL>~ the mortgagor covenants svitn the nrurtgagee that the mortgagor is indefensibly seized of said land in fee simple: that the mortgagor has good right and lawful authority to convey said land as aforesaid: that the mortgagor wit! make such further assurances ro perfect the fee simple title to said land and wilf defend the same against the lawful claims of all person.t whomsoever; and that said land is free and Blear of all encum- brances. ~xtlf7ll?C~Y ~l~illFI~TB~ that ij said mortgagor shall pay unto said mortgagee the certain promis- sory note hereinafter substantially copies or identified, to-wit: MORTGAGE NOTE R AMCO FORM 53 ~ 125, 000.00 Orlando ,Florida November 26 , ZIIIIl3 FOR VALUE RECEIVED, thr. undersigned, (jointly and severally, i[ more than one) promises co pay to HELEN F. GROUSE TRUST DAZED P70VF~ER 27, 1996 or order, in the manner hereinafter specified, One Hundred Z'went Five TYtousand and No--------------- the principal sum of y /100 DOLLARS (~ 125r CJ~C. ~9 with interest From date at [he rate of 4 • 0() per tent per annum on the balance from time to time remaining unpaid. The said principal and interestq~hall~pbe a~a~b~l~e fn ~'ful mho of the Ust~t~~~tes of America at C~O Dr7StOWn $aIi~Cr Trust JePt. r 77 E. King St. r "'"lbt' aPi suds-ptaQcc ae m~hc~a t,•r tc d,•ignaced by written nutire from the holder to the maker hereof, on [he date and in the manner following; Said principal and interest shall be due and payable $596.77 on Dec~tlber 26, 2003, and the same amount on the 26th day of each month thereafter until paid in full. Privilege is reserved to prepay at any time without penalty. This note with interest u secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said payee, and shall he construed and enforced according to the laws of the State of Florida. The terms of said mortgage are bl If default be made in the payment of any of the sums or interest mentioned herein or in said mongage, or in the performance of any of the agreements rnntained herein or in said mortgage, then the entire principal sum and actYtsed interest shall at the option of the holder hereof become at on¢ due and collectible without notice, time being of the essenee• and said principal sum and accrued interest shall both beaz interest fmm such time until paid a[ the highest rate allowable under the laws of the State of Florida. Failure to e>:ercisc this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. Each pcnvn liable hereon whether maker or endorser, hereby waives prneotment, ptn[est, notice, notice of protest and notice oC dis- honor and agrees to pay all costs, including a reasonable attornry's Fee, whether suit be brought or not, if, after maturity of this note or default hereuvder, or under said mortgage, counsel shall be employed to collect this oie or to protect the security of said mortgage. Whenever used herein the terms "holder", "maker" and "payee"; a II b construed in the singt{]ar ~or plural ap the context may require or admit, /'' t (/~ !' 1~ _ ,/l Maker's .Address :.~'. :.J~L!I ~~ .....Y...........°=/"`.~........__......(SEALj Catherine Crouse ...............................--------..-..........-...........................................(SEAL] ........................................................................_........._. _-....._...... (SEAL) ..._ ..............__..... .... .._. ............` -.........._............................ 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R~ yf ~ ~ ~ ~ r ~ ~ ~ ~ ~ AA r ~ ~ ~ y O p ;P NN 8 A CJ1 CSl ~ Caw y i N V V i ~ is 0 bD ~ N ~ O u b~ ~~ O~ ~ ~ ~ C ~ N 1V CQII ~ N m 3 s m ~, JUDITH E SOLMS 3P GRANT COUNTY RECORDER I ~@@1@852 Pale 10~ 3 RAA Date 06/2S/2@@2 Timt 14:42:07 FEE: 13.@@ REAL ESTATE MORTGAGE THIS INDENTURE WITNESSETH that David Ritchie and Lisa Ritchie, husband and wife, residing at Upland, Indiana, (herein jointly and severally referred to as "Mortgagors"), hereby mortgage to Orrstown bank, Shippensburg, PA, trustee of the Helen F. Crouse Revocable i'rust dated January 23, 1997, ("Lender") the real estate, located in the County of Grant, State of Indiana, the Legal description of which is set forth on the attached Exhibit A" together with all improvements now or hereafter situated on the mortgaged premises or used in connection therewith, and all rights, privileges, interests, easements, hereditaments and appurtenances thereunto belonging or in any way pertaining thereto, and all fixtures and appliances naw or subsequently attached to or used in connection with the mortgaged premises, and the rents, issues, income and profifs of the mortgaged premises. This mortgage secures an indebtedness of Mortgagors to Lender in the amount of One Hundred Forty Thousand and 001100 Dollars ($140,000.00) as evidenced by a promissory note of even dai:e which matures thirty (30) years from the date of this mortgage. The Lender, at its option, may extend the Time of payment of any part or all of the indebtedness secured hereby, reduce the payments thereon, or accept a renewal note or notes therefor, without the consent of any junior lienholder and without the consent of any Mortgagors if Mortgagors have then parted with title to the mortgaged premises, and no such extension, reduction or renewal shall impair the lien or priority of this Mortgage, nor release, discharge or affect the personal liability of the Mortgagors to the Lender. Mortgagors, jointly and severalty, warrant that they are the owners in fee simple of the mortgaged premises, and covenant and agree with the Lender not to permit any lien of mechanics or materialmen to aftach to mortgaged premises; to keep the mortgaged premises in good repair and to pay all taxes and assessments levied or assessed against the mortgaged premises as the same became due; and if required by the Lender, to keep any buildings on the mortgaged premises insured against Joss by fire and windstorm and such other hazards as the Lender may require from time to time in an amount equal to or in excess of the unpaid balance of the indebtedness secured hereby and the amount of all prior indebtedness secured by the mortgaged premises, all such policies to be in companies acceptable to the Lender and to contain a Loss Payable Clause in favor of the Lender as its interest may appear. Upon failure of Mortgagors so to do, the Lender may (but shall not be obligated to) make repairs to, pay any tax assessment levied against, pay or discharge any Tien or encumbrance to, or procure and/or maintain in ef€ect insurance with respect to the mortgaged premises; and all sums so paid shall, with interest at the rate provided in the notes, become a part of the indebtedness secured hereby. Upon default of any payment provided for in any obligation secured by this Mortgage, or upon failure to perform any of the terms and conditions of this Mortgage, or if Mortgagors shall abandon the mortgaged premises or a bankruptcy order for relief be entered against them, then in any such event the entire indebtedness secured hereby shall, at the option of the Lender, become immediately due and payable without notice, and the Lender shall have the right immediately to foreclose this Mortgage. No failure to exercise any right hereunder shall preclude the exercise thereof in the event of a subsequent default. All rights and obligations hereunder shall extend to and be binding upon the several heirs, personal representatives, successors and assigns of the parties to this Mortgage. Whenever required herein by the context, the plural shat] be regarded as and shall mean the singular, and the singular shall be regarded as and shall mean the plural. ~~// IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seals this~T~day of ~ }~} ~,~_ , 2002. /`~ j ~ ` U ~-LG 'C 1 David Ritchie i Lisa itchie STATE OF INDIANA } COUNTY OF GRANT ) Before me, the undersigned, a Notary Public in and for said County and State, this -~~~ day of ~U Cl ~., , 2002, personally appeared David Ritchie and Lisa Ritchie and acknowledged the execution of the foregoing Mortgage. Witness my hand and Notarial Seal. ss~~~~~ ~~~ ~yQ'P.AR f~„ o~j ~r i'~C~ EXP. 3/x0/09 ~~i t e ~ ~, a My County of residence: ®~ ~ ®®~Ugt,oy,~ ~s eo I~,~. ~'C~i ~~m~~ My commission expires: This Instrument prepared by: Donald D. Russell, Attorney-at Law, 55 Monument Cicc(e, Suite 719, Indianapolis, Indiana 46204. rnnieo Name - Notary Nublic EXHIBIT "A" The following described real estate in Grant County, Indiana: Part of the Southeast Quarter of Section Nine (9), Township Twenty-three (23) North, Range Nine (9) East in Jefferson Township, Grant County, State of Indiana and being further described as follows: Commencing at the southeast corner of the aforesaid Southeast Quarter; thence North 00° 00' 00" East (assumed bearing) a distance of Seven Hundred Thirteen and Eight-tenths (713.8) feet, or to the Place of Beginning: Thence North 89° 32' 30" West a distance of Four Hundred Thirty-five and Six-tenths (435.6) feet, thence North 00° 00' 00" East a distance of two Hundred and No-tenths (200.0) feet, thence South 89° 32' 30" East a distance of Four Hundred Thirty-five and Six-tenths (435.6) feet, thence South 00° 00' 00" West a distance of Two Hundred and No-tenths (200.0? feet, or to the Place of Beginning: Containing Two and No-tenths (2.0) acres, more or less. Chsdott~~.Fnanclat Catwlator ,,~ .x~ , _:,~ Calculate Pr(ncipat Amoulrt Paymnni Amount Term y Schedule Next Payment Number 7 Payment Date P&I P,eyr»ent 1 0828/2009 l~ v~ J 91088 2 os262oo9 ~~U9 91o.aa / 3 10/26/2009 NI1~tld-1 911L86/~ 4 1112612Q09 ~1~1-10~1 ~'t$88~11•< 5 12262009 0-~2>>fo 91R86.i' 4.554.30 8 0128/2010 ~~ss-~rc 910.8B~ 7 0212820103f 1~ 910.88 / s o32a-2ot o-~~u //0 91 o.a6 9 04!2812010 `l{1~,- 910.88 to o52s2otot~115~to siass•~- 11 0826/2010 CI<F,2~Si~16 910.86// 12 072812010p"{~2C.e~lo 910.86,/ 13 08,-2r(2010Op12.tQt4o 910.86 / 14 09126/2010 aata~itcl 910.6s~ 16 102820101a~'2J[pllU ~ 910.86 / 16 11/262010~i~~S~lo 910.88-/ 17 12/26/20101~.~2"l~tC~ 910.86 / 10,830.32 18 0128/2011(>>~'y5111 910.88 / 18 02J26/20114a1~111 910.66 / 20 03262011 a3~2s1ti1 910.881r 27 04/262011'-E~'2t0~ 11 910.88 ~ 22 05282011 ~~, ~~ 910.88 23 08282011(g~l+k~ { 1 910.88 ~ 24 07/28/2011 'Z t `~(p{ I { 910.86-/ 26 08/28/2011 8122-~~ 1 91 U 86/ 26 09/262011 0~~'bo ~ 1- 910.88 / 27 10/28/2011 tC13~~1i 910.86/ 28 11/26/2011 1112 ~1-1 910.86/ 29 12/262011 910.86 10,930.32 30 01/28/2012 910.86 31 02/26/2012 910.86 32 03/26/2012 810.88 33 04/2812012 910.88 34 05!2612012 910.66 35 06/26/2012 910.86 38 07/26/2012 910.86 37 08/26/2012 91 a_8a 36 0926/Z012 910.86 39 10/26/2012 810.86 40 11/26!2012 510.86 Loans natEa: s~2s~aos Principal Amount 5184,248.84 Annual lnter8st Rate 4.000 Payments per Year 12 Payment Amount 5910.136 Tenn 28 years 2 months Neact Payment Date 08/26/2009 Interest 61a.ia/ 813.17/ 612.18 ~ '°/ ~191u11. 610.79 v 3,060.89 eoe.i s ~ 808.18 ~ 607.17/ 808.16 605.14 v~ 604.12 /'`/ 803.10 / 602.0 ~- E01.05 •~- 800.01./ 598.981 597.94 -/ 7,243.10 696.89'r 696.85 / 594.80 V' 593.74/ 592.69 / 591.63 / 590.58 ~/ 589.49 y' 588.42 ~ 687.35 / 686.27-/ 565.19 7,092.88 ssa.io 583.01 581.92 580.82 579.72 578.62 577.51 576.40 575.29 574.17 573.05 Prinapa! / z96.7o // 297.89 ,/ 288.88 +•~ 33 /299.87 / 300.87 ~ 1,493.41 30i_88~ 3o2.s6 30.?.89~' 304.70 +~ 305.72 ~ 308.74 v~ 307.76 306.79 309:81 ~' 310.85 311.88 / 312.92 / 3,687.22 313.97 ~'' 315.01/ 318.06 / 317.12/ 318.17 / 31823 / 320.30 321.37 ~ 322.44 ~/ 323.51 ~ 324.59 -/ 326.67 3,837.44 328.76 327.85 328.94 330.04 331.14 33224 333.35 334.48 335.57 336.69 337.81 ~~~ S~ Page 1 ~ ~ ~~~ ~/ ~JO I~ 99K Balance Oue 183,952.14/ (~5~~ 1a3,s5a.45 /~,~ti 183.355.77 183,058.10 182.755.43 J 182,453.7b `J 182,151.07 i81,847.38~~ ~t ~ o ~ 181.582.88 1 161,236.9s ,~ 180.930.22 /-j 190,622.48 180,313.87./ 1so,o03.e6,1 179.693,01./ 179,381.13'f 179,088.21 178,754.24 f 178,439.23E 178,123.17 177,806.05 t77,487.88~ 177,1sa_ss~/ 176,848.35 f 175,52$.98.( 178.204.54E 175,881.03 175.558.44 175,230.77 174,904.01 174,578.18 174,247.22 173,917.18 173,586.04 173,253.80 172,920.45 172,585.99 172,250.42 171,913.73 171,575.92 Charlotte. Financial Calculator Page 2 ~~ Loans Dated: 925f2009 Payment Date P8.1 Payment Interest PtinGpal Balance Due 41 12262012 910.88 571.92 338.94 171,238.98 10,830.32 8,936.53 3,993.79 42 01/26!2013 910.85 570.78 340.07 170,898.81 43 02282013 910.80 589.88 341.20 170,555.71 44 03282013 810.88 588.52 342.34 170,213.37 45 04282013 910.86 587.38 343.48 189,869.89 46 0526/2013 810.88 566.23 344.63 168,525.28 47 0628/2013 910.86 585.08 345.78 169,779.48 48 07262013 910.86 583.93 346.93 168,83256 49 08262013 910.85 562.78 348.08 168,484.47 50 09/26/2013 910.88 561.61 349.25 168,135.22 .51 10/2602013 910.8$ 560.45 350.41 167,784.81 52 11/26/2013 910.86 559.28 351.58 167,433.23 53 12/2B/~013 910.85 558.11 352.76 167,080.48 10,930.32 5,773.82 4,165.50 54 55 'S8 57 56 59 80 61 82 83 64 65 01/26/2014 02!26/2014 03/26r2o14 04/28/2014 05/28!2014 06028/2014 072@/2014 08/262014 09282014 10/26!2014 1 1 /26120 1 4 12/26/2014 910.85 910.88 910.86 910.88 910.86 910.86 910.88 810.88 910.88 910.88 910.86 910.85 556.93 353.93 555.78 355.10 554.57 358.29 553.38 357.48 55219 358.87 551.00 359.88 548.80 381A8 548.59 382.27 547.39 363.47 548.17 384.88 544.96 365.90 543.74 367.12 168.728.55 18@,371.45 188,015.18 185,657.88 165,298.01 184,838.15 184,578.09 164,215.82 183,852.35 183,487.86 163,121.76 762,754.64 Calculate Principal Amount Payrr+ent Amount Term > Schedule Next Payment Number 1 Principal Amount $184,248.84 Annual Interest Rate 4.000 Payments per Year 12 Payment Amount $910.86 Tenn 28 years 2 months Next Payment Date 0812612009 10,830.32 88 67 68 69 70 71 72 73 74 75 78 77 Oi/28-2015 02/28/2015 03262015 04262015 05!2&/2015 os2s2o1 s 07282015 0828!2015 09/26!2015 10/26/2015 11f26/20i5 12/26/2015 910.88 910.88 910.88 910.86 910.88 910.88 910.86 910.88 910.86 910.86 910.8fi 910.86 6,604_48 4,325.84 542.52 388.34 182,386.30 541.29 388.57 182,018.73 540.08 370.80 161,645.93 538.62 372.04 161,273.89 537.58 373.28 160,900.61 538.34 374.52 160,528.08 535.09 375.77 180,150.32 533.83 377.03 159,773.29 532.68 378.28 159,396.01 531.32 379.64 159,015.47 530.05 380.81 156,634.66 528.78 38208 158,25258 10,930.32 8,428.28 4,50206 G(~artattg Financial Calculator Page 3 . ' '~ Loans `' Dated: 9/25/2049 Calculate Principal Amount 5984,248.84 • Prtndpel Amount Annual Interest Hate 4.000 PaymentAmount Payments per Year 12 Term Payment Amount 5910.86 > Schedule Term 28 years 2 months Next Payment Number '{ Next Payment Date 08/26/2009 Payment Date P8,1 Payment Interest Prinapal Balance Due 78 01/2612016 810.88 527.51 383.35 157,889.23 79 0212B12D18 910.88 528.23 384.83 187.484.60 80 0326/2016 910.86 524.85 385.91 157,098.69 81 0428!2018 910.86 523.!38 387.20 758.711.49 82 05128/2018 910.86 522.37 388.49 156,323.00 63 06/2812048 910.88 521.08 389.78 '[55,933.22 84 07/2812018 810.68 ~ 519.78 391.08 155,542.14 86 08/28/2018 810.88 518.47 39239 155,148.75 86 0.9282016 910.88 517.17 393.89 164,756.08 87 1D/2612018 910.88 545.85 395.0! 154,361.05 88 i1/2612D1B 940.86 514.54 398.32 153,984.73 89 12128/2019 910.86 513.22 387.84 153,567.09 - 10,930.32 6,244.83 4,885.48 90 01/282017 910.85 511.89 398.87 153,168.12 91 02282017 910.86 510.55 400,30 152,787.82 92 03/28/2017 910.86 509.23 401.83 152,388.t9 93 04282017 910.86 607,89 402.87 151,983.22 84 05128!2017 910.86 606.64 404.32 151,558.90 95 08282017 910.88 5052D 405.68 151,153.24 98 Q7282017 910.88 503.84 407.02 150,748.22 97 0828/2017 910.66 50249 408.37 150,337.85 88 09/2812017 910_$5 5D7.73 409.73 148.928.12 99 10!2812017 810.86 499.78 411.10 149,517.02 100 11/28/2017 810.88 498.39 412.47 149,104.55 101 1228/2017 910.68 497.02 413.84 148,690.71 10,830,32 8,053.94 4,876.38 102 012612018 910.86 495.64 415.22 148,275.49 103 02/28/2018 910.86 494.25 418.81 147,858-88 104 - 03/28/2018 910.86 49286 418.00 147,440.88 105 04/28/2018 910.66 491.47 418.39 147,021.49 106 0528/2018 910.88 49D_O7 420.79 148,800.70 107 0626/2018 810.88 488.87 42219 146,178.51 108 0726!2018 91D.88 487.28 423.80 145,754.91 109 08/28/2018 910.86 485.85 425.01 145,329.90 1 i 0 09@812018 910.86 484.43 428.43 144,903.47 111 10!2812018 810.88 483.01 427.85 144.475.82 112 11/26/2018 810.88 481.59 429.27 144,046.35 113 12/28/2018 910.88 480.15 430.71 143,616.64 10,930.32 5,655.25 5,075.07 114 01/28/2019 910.86 478.72 432.14 143,183.50 115 02/26/2019 910.86 47728 433.58 142.749.92 116 03!28!2018 910.86 475.83 435.03 142,314.88 117 04128/2019 910.86 474.36 438.48 141,878.41 Chariotta Financial Galculator page q ' ~~ Loans Dated: 9/25/2009 Calcutaie Prinapaf Amount 5984.2,48.84 Principal Amount Annual Interest Rats 4.000 Payment Amount Payments per Ysar 12 Term Payment Amount 5810.8 6 > Schedule Term 28 years 2 months Next Payment Nurr-ber 1 Next Payment Date 06/26/2009 Payment Date P8.1 Payrn_nt Interest Pnnapal Balance Uue 118 05/2612019 910.86 472.93 437.93 141,44oas 119 06/2812019 910.86 471.47 439.39 141,001.09 120 07/26/2019 910.66 470.00 440.88 140,580.23 121 08/26/2019 910.88 468.53 44233 140,117.90 122 09126!2019 910.88 467.Oo 443.80 139,674.10 123 1D/2812019 910.88 465.58 44528 139,228.82 124 11/28/2019 910.86 464.10 446.76 138,782.06 925 12/28/2019 910.86 482.81 44825 138,333.81 10,930.32 5,848.49 5,281.83 126 01/26!2020 91D_86 461.11 449.75 137,884.08 127 02/2612020 910.86 459.81 451.25 137,432.81 126 0312612020 910.86 458.11 45275 138,880.08 129 041x6/2020 910.88 456.60 454.26 136.525,80 130 0526/2020 910.88 4b5.09 455,77 138,07D,03 131 0612620ao 810.88 4b3.57 457.29 135,612,74 132 07/28/2020 910.86 452.04 458.82 135,153,92 133 08/2612020 910.89 45D.51 460.35 134,893.57 134 09/2612D20 910.88 448.98 461.88 134.231.69 135 10/261202D 910.89 447.44 463.42 133,768.27 138 1i26/2D2D 910.88 445.89 464.97 133,303.30 137 121'162020 910.88 444.34 468.52 132,836.78 10,930.32 5,43329 5,497.03 138 01/2812021 910.88 442.78 488.07 132,368.71 139 02/2812021 910.86 441.23 489.83 131,899.08 140 03/28/2021 910.88 43@.88 471.20 131,427.88 141 041261"1021 910.86 438.09 472.77 130,955.11 142 05126@021 810.86 436.52 474.34 130,480.77 143 0626/2021 910.88 434.94 475.92 130,004.85 144 07262D21 910.88 433.35 477.51 129,527.34 145 08262021 910.88 431.75 479.10 129,048.24 146 09!2$/2021 910,88 43D_i6 480.70 128,667.64 147 10/26/2D21 910.86 428.58 48230 128,085.24 148 11/2612021 910.8(1 426.65 483.91 127,801.33 149 1226/2021 910.86 425.34 485.52 127,115.81 10,830.32 5,209.35 5,720.97 1b0 01/28/2022 910.86 423.72 - 487.14 128,fi28.fi7 151 0226/2022 910.86 422,10 488.76 128,139.91 152 03/26/2022 810.86 420.47 490.39 125,649.52 153 04@612022 910,86 418.83 482.03 125.157.49 154 0512612022 910,86 417.19 493.67 124,883,82 155 0628/2022 910,86 415.55 495.31 124,168.51 156 0726/2022 910.86 413.90 496.96 123,671.55 157 0826/2022 910.88 412.24 498.62 123,172.93 Charlotte ~inandal Gatcuiatar Page 5 ?. Loans `" Dated: 9/25/20Q9 Calculate Prinapai Amount Payment Amount Term > Schedule Next Payment Number 1 Payment Date P6,1 Payment 158 092ar~o22 - x10.86 159 10!28!2022 910.86 160 11/23/2022 910.86 161 12/28/2422 810.86 10,930.32 Prinap8l Amount 5184.246.84 Annual Interest Rats 4.000 Aayments per Year 12 Payment Anlaunt 5910.86 Term 28 years 2 months Nsxt Payment Dats 08/26/2009 Interest Principal Belan~ l]ue 410.58 - 500.28 122,672.65 408.91 501.95 122,170.70 407.24 503.62 121,667.08 405.56 505.30 121,181.78 4,978.29 5,964.03 182 0126/2023 910.86 403.87 506.99 120,654.79 183 02128/2023 910.86 402.18 508.88 120,146.11 184 03282023 910.88 400.49 - - 510.37 119,636.74 165 04!2812023 910.86 398.79 512.07 119,123.67 168 051282023 910.85 397.08 513.78 118,609.89 167 08!2612023 910.86 395.37 515.49 118,094.40 168 07128/2023 910.86 393.65 517.21 117,577.19 169 08128/2023 910.8fi 391.92 518.94 117,05828 170 09/262023 910.86 394.19 520.67 118,537.58 171 10/26/2023 910.88 388.48 522.40 118,Oi5:18 172 11/26/2023 910.86 386.72 524.14 115,491.04 173 i2/26J2023 910~fi 384.97 525.88 i 14,965.15 10,930.32 4,733.59 6,186.83 174 01/2612024 810.88 38322 527.84 114,437.51 175 02@812024 910.88 381.48 529.40 113,906.11 176 0312612024 810.88 379.69 631.17 113,376.94 177 0412612024 810.88 377.92 53294 112,844.00 178 05/26/2024 810.86 378.15 534.71 112,309.29 178 08/28!2024 91D.8B 374.38 538.50 117,772.79 180 07/252024 910.88 372.58 538.28 111,234.51 181 081282024 91 D.86 370.78 540.08 110,694.43 182 0828/2024 910.86 368.98 541.88 110,75265 - 183 1026/2024 810.86 387.18 543.88 108,808.87 184 11/28/2024 910.86 363.36 545.50 109,083.37 185 12/26/2024 910.88 36'.1.54 547.32 108,518.05 10,930.32 4,481.22 8,449.10 186 01128@025 810.86 361.72 549.14 107,966.91 167 02/282025 810.86 369.89 550.97 107.415.94 188 03/262025 910.88 356.05 65a.81 108,883.13 189 0426202b 910.86 358.21 554.6b 106,308.48 180 05126/'2025 910.86 354.38 558.50 105,761.98 191 082812025 910.88 352.51 558.35 105,193.63 192 0726/2025 910.86 350.66 560.21 104,633.42 193 08/282025 810.88 348.78 56288 104,071.34 194 09/2602025 910.86 346.9D 563.96 103,507.38 195 10/282025 810.86 345.02 565.84 102,841.54 196 11/26/2025 910.88 343.14 567.72 102,373.82 197 12/28/2025 810.88 341.25 588.61 101,804.21 CharlattQ Financ(sl Calculator • ' ? Loans -~ Dsted: 9/25/2009 Calculate Prlncfpat Amount ~18A.,248.84 Princ(pal Amount Annual Interest Rate 4,000 Payment Amount Payments per Year 12 Term PaymantAmount 8910.8(3 } Schedute 'term 28 years 2 months !(text Payment Number 1 Nex! Payment Date 0812fi2009 Payment Dste ~ P81 Payment' Interact PrincfQel Balance Due 10,930.32 4,218.48 6,711.84 198 01/26/2028 910.88 339.35 571_&1 101,232.70 199 02/26/2028 910.86 337.44 573.42 100,659..28 200 0325f2028 910.85 335.53 575,33 100,083.95 201 04262026 910.86 333.81 577.25 98,500.70 202 05/26/2026 910.86 331.89 579.17 98,927.53 203 06/26/2028 910.88 328.76 581.10 98,348.43 204 07262D26 910.88 327.82 583.04 97,783.39 205 082812028 910.88 328.88 5&4.98 97,178.41 206 09/262028 910.88 323.93 585.93 96.591.48 207 1028/2028 910.85 3217 588.88 98,002,59 208 11/28/2028 910.88 320.01 890.85 95,411,74 209 12/28/2028 910.88 318.04 592.82 94,818,92 10,930.32 3,945.03 6,98529 210 0128/2027 910.88 318.06 &94.80 94,224,12 211 02128/2027 910.68 314.08 696.78 93,627,34 212 032612027 910.88 312.09 698_77 93,028.57 213 04/282027 910.88 310.10 600.76 92,427,81 214 05262027 910.86 308.09 602.77 91.825.04 216 06262027 910.86 308.08 604.78 91,220.26 216 07126/2027 910.86 304.07 608.79 9D,613.47 217 08!26/2027 910.86 302.04 808.82 90,004.65 218 09/252027 910.88 300.02 810.84 89,393.81 219 10262027 910.88 297.98 61268 88,780,93 220 11/2S/2027 910.86 295.94 814.92 88,168.01 221 12126171}27 910.88 293.89 618.97 87,549.04 iD,930.32 3,660.44 7,269.86 222 01/262028 914.86 291.83 619.03 86,930.01 223 0228/2028 910.85 289.77 821.09 85,308.92 224 0328/2028 910.88 287.70 623.18 85,885.76 225 0426/2028 910.88 285.82 625.24 85,080.52 226 052812026 910.88 283.54 627.32 84,433.20 227 0828/2029 910.68 281.44 529.42 83,803.78 228 072612028 910.86 279.35 631.51 83,972.27 229 08/2812028 510.86 277.24 833.82 82,538.65 230 09/28/2028 910.88 275.13 835.73 81,902.92 231 101281202$ 910.88 273.01 637.85 81,265.07 232 11282028 910.86 270.88 639.98 80,825.09 233 12128!2028 910.86 288.75 642.11 79,982.9E 10,930.32 3,364-28 7,566.06 234 0126/2029 910.88 268-61 644.25 79,338.73 Page 6 ChatlottQ Financial Calculator ' ~ Loans Dated= 9/25f2409 Calculate Principal Amount 5184.248.84 Principal Amouni Annual Interest Rate 4000 Payment Amount Payments per Year 12 Term Payment Amount 5910.86 > Schedule Term 28 years 2 montfis Next Payment Number 1 Nsxt Payment t?sts 08/2612008 Payment Date P&1 Payr»ent Interest Principal Balance Due 235 02/28/2029 810.86 28x_48 646.40 78,69233 238 03/22029 910.86 262.31 648.55 78,043.78 237 04/2812029 910.88 260.15 850.71 77,393A7 238 05/2812029 910.86 257.98 852.88 78,740.19 239 06/26/2029 910.86 255.80 655.06 78,085.13 240 07/28/2029 810.8$ 253.62 657.24 75,427.89 241 0812&12029 910.88 251.43 859.43 74,768.46 242 09/28/2029 910.$6 24923 BB7.63 74,106.83 243 10/28/2029 910.88 247.02 663.84 73,442.59 244 11/282029 910.88 244.81 888A5 72,776.94 246 12/28/2029 91O.8B 242.59 668.27 72.108.67 10,930.32 3,058.01 7,874.31 248 01/26/2030 910.88 240.38 870.50 71,438.17 247 02!26/2030 910.86 238.13 872.73 70,785.44 248 03/26/2030 910.86 235.88 674.98 70,09048 249 04/2812030 910.86 233.t33 877.23 89,413.23 250 05/28/2030 91Q86 231.38 879.48 88,733.75 251 OBl2B12030 910.86 229.11 681.75 88,052.00 252 07I28r2030 910.86 228.84 884.02 - 87,387.98 253 08/2812030 810.88 224.58 688.30 - 68,681.88 254 09/2612030 910.86 22227 888.59 85,993.09 255 10128/2030 910.88 219.98 6@0.88 85.30221 258 17/25/2030 910.86 217.67 883.19 64,809.02 257 12/23/2030 910.88 215.3$ 895.50 83,913.52 10,930.32 2,735.17 8,195.15 258 01/282031 910.88 213.05 697.81 63,215.71 269 02/28/2031 910.86 210.72 700.14 62,515.57 2E;0 03/28/2031 810.88 208.39 702.47 81,813.10 281 04/2812031 910.86 206.04 704.82 81,108.28 282 05126!2031 910.88 - 203.89 707.17 80,401.71 283 06/28/2031 910.88 201.34 709.52 59,891.59 264 0712'/2031 910.88 198.97 711.89 58,979.70 265 p8/2@12031 910.88 198.80 71426 58,265.44 266 09126@631 910.85 194.22 718.64 57,548.80 267 10/2612031 910.86 191.83 719.03 58,829.77 288 11/26/2031 910.86 188.43 721.43 56,108.34 289 12126/2031 910.88 187.03 723.83 55,384.51 10,930.32 2,401.31 8,529.01 270 01/26/2032 910.86 184.62 726.24 54,858.27 271 02/26/2032 910.88 182.19 72@.67 53,929.80 272 03/26/2032 810.88 779.7? 731.09 53,198.51 273 04/28!2032 810.88 177.33 733.53 52,484.98 274 05/26/2032 910.88 174.88 735.98 51,729.00 Page 7 CEtariatte.Finarlcial Calculator page g ' • ~ Loans Dated: 9/2512009 Calculate Principal Amount 8164,248.84 Principal Amount Annual Interest Rate 4.000 Payment Amount Payments per Year 12 Term Payment Amount $910.66 ' > Sct-edule Term 28 years 2 months Next Payment Number 1 Next Payment Date 08/26/20 09 Payment Date P&I Psyrneni Interest Ptirtcipal Balance Due 275 08282032 910.86 '172.43 738.43 50.980:57 27@ 07262032 810.86 169.97 740.89 50,249:66 277 08/26/2032 91-0.88 '167.50 743.36 49,508.32 276 08128/2032 810.88 185.02 745.84 48,780.48 279 10/28/2032 910.86 162.53 748.33 48.01245 280 91/262032 910.88 980.04 750.82 47,281.33 281 12282D32 910.86 157.54 753.32 46,508.01 10.830.32 2,053.82 8,876.50 282 01262033 910.88 158.03 766.83 45,752.1$ 283 0226P2033 910.86 15251 768.35 44,993.83 284 0312&12033 910.88 149.98 760.88 44,232.95 285 04120/2033 910.68 '147.44 763_42 43,469.63 288 05/28/2033 910.86 144.90 785.96 42,703.87 287 08/28/2033 910.86 142.35 788.51 41,935.06 288 07/28/2033 910.86 138.78 771.08 41,163.98 2$9 08/28/2033 810.88 137.21 773.66 40,390:33 290 09/28/2033 910.88 134.83 77823 39,614.10 291 10/28/2033 910.88 132.05 778.89 38,835.29 202 11128/2033 810.86 129.45 781.41 38,053.88 293 12/26/2033 910.86 126.85 784A1 37,2@9.67 10,930.32 1,892.18 9,238.14 294 01126/2034 910.86 124.23 788.63 38,483.24 295 0212612034 910.86 121.61 789.25 35,693.99 288 03/28/2034 810.86 118.98 791.86 34,90211 297 04/28/2034 810.86 916.34 794.52 34,907.59 288 05/28!2034 910.88 993.89 797.17 33,310.42 299 0626/2034 910.88 '111.03 799.83 32,510.59 300 07/262034 910.88 108.37 802.49 3'1,708.10 301 08282034 910.68 105.88 805.17 30,90293 302 09282034 910.86 103.01 807.85 30,095.08 303 i42812D34 910.66 100.32 810.54 29,284.54 304 11282034 910.86 97.82 813.24 28,471.30 305 12!26/2034 910.88 94.90 815.96 27,855.34 10,430.32 1,3'15.79 9,614.53 306 01/2602035 910.86 92.18 818.88 28,838.88 307 02126!2035 910.88 89.45 821.40 28,015.26 30$ 03/26/2035 910.86 88.72 824.14 25,191.12 309 04/28/2035 910.88 63.97 828.89 2x,364.23 310 05/28/2035 910.88 61.21 829.85 23,534.58 31'1 08/28/2035 970.86 78.45 832.41 22,78217 312 07/26/2035 910.86 75.87 835.'19 21,888.98 313 08128/2035 910.86 12.89 837.97 21,029.01 314 09/26/2035 910.86 70.10 840.78 20,18825 CF~arfotte.Financial Calculator _` •~ ~ '= Loans Dated= 8/25/2009 Calculate Prlnclpal Amount Payment Amount 1"enn > Schedule Next Payment Number 1 _ Payment Date ?&! Payment 315 10!26/2036 910.88 316 11/26/2035 9?0.88 317 12/28l2D35 810.88 Page 9 PrIndpal Amount 5184.248.64 Annual Interest Rate 4.000 -- Payments per Year 12 -- Payment Amount $910.86 Tenn 28 years 2 months Next-Payment Qate 08/28/2009 (nterast - Ptinc(pal Balance Due 87.29 - 843.87 19,344.66 84.48 848.38 16,498.30 81.68 849.20 17,649.1 D w,aJ~J.NE vLY.W I V,VN7.L9 318 01!2812038 810.85 58.83 852.03 18,787.07 379 02!162038 910.88 6599 - 854.87 15,942.20 32D 03!26/2038 910.88 53.14 867.72 15,084.48 321 04!21111035 910.88 5028 880.58 14,223.90 322 Q.5/2o/2D36 910.88 47.41 863.45 13,360.46 323 Od128PLD36 910.88 44.53 866.33 12,494.12 324 07/26@036 910.88 41.65 88921 11,624.91 325 08@6/2036 910.86 ~ 38.75 872_'11 20,75280 328 09!2812036 910.88 35.84 875.02 9,877.78 327 10/28/2036 910.86 32.93 877.93 8,999.85 328 11282038 910.88 30.00 880.88 8.118.99 328 12282038 910.86 27.08 883.80 7,235.19 SD,93D.3a 518.41 10,413.91 330 01262037 910.68 24.12 868.74 8,348.45 331 02@8!2037 910.86 21.18 689.70 5,x58.75 332 03!28!2037 910.86 18.20 88266 4,568.09 333 04/28!2037 910.86 15.22 895.84 3,870.45 334 05/26/2037 910.86 1223 898.63 2,771.82 335 08/26/2037 910.88 924 901.62 1,870.20 338 07!28/2037 910.88 623 904.63 965.57 337 082B2D37 910.88 3.22 907.64 57.93 338 09126/2037 56.12 0.19 57.93 0.00 7,34b.00 109.81 7,235.19 ,r' CHANGE IN TERMS AGREEMENT Principal Loan Date Maturity Loan No Call ! Coit Account Officer Initials $'184,248.84 07-26-2409 Refierences in the boxes above are for Lender's.use only and do not limit the applicability of this document to any particular Loan or item. Any item above containing """" has been omitted due to text length timitations. BOrrOVl/er: Brad Crouse lender: Helen F. Crouse Trust Dated November 27,1996 C/0 Orrstown Bank Trust Department 77 East King Street 5hippensburg PA 17257 Principa{ Amount: $184,248.84 pate ofi Agreement: July 26, 2009 Maturity Date: October 26, 2037 DESCRIPTION OF EXISTING INDEBTEDNESS. Promissory Note Dated October 26, 2007 in the original amount of $190,000.00. DESCRIPTION OF COLLATERAL. A Mortgage dated February 26,2408 recorded in Orange County Florida, wi[h a recording date of March 10, 2008, Instrument 20080143980. DESCRIPTION OF GRANGE IN TERMS. Change rate from 4.375% to 4.00% effective July 26, 2Dp9 and reduce payment to $910.8fi. PAYMENT. Borrower wilt pay this loan in full immediately upon tender's demand. I€ no demand is made, Borrower will pay this loan in 339 payments of $910.86 each payment. Borrower's first payment is due August 26, 2009, and ail subsequent payments are due on the same day of each month after that. Borrower will continue to make payments on this loan until this Agreement is paid in fuU or rrnt7 Lender makes demand for payment in full, whichever occurs first. INTEREST CALCULATION METHOD. interest an this loan is computed on a 365!360 basis; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. Ali interest payable under this loan is computed using this method. CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect Consent by Lender to this Agreement does not waive LendeYs right to strict performance of the obligation(s) as changed, nor obligate tender to make any future change in terms. Nothing in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties a!! makers and endorsers of the original-obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation does not sign this Agreement below, then alt persons signing below acknowledge that this Agreement is given canditionafty, based on the representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension, modificatien or release, but also to all such subsequent actions. THIS AGREEMENT tS GNEN UNDER SEAL AND IT IS INTENDED THAT THIS AGREEMENT {S AND SHALL CONSTITUTE AND HAVE THE EFFECT OF A 5EALED INSTRUMENT ACCORDING TO LAW. PRIOR TO StGNiNG THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT. CHAh! N TERM SIGM~/ X t _.~,~f~ /t l1~ Brad Crouse (Seal} ~S'~T~A}T'A'EL D(__Fr~~~.DAI A [ASER PRC LendnQ,Ver.5.45.0¢W6 COp. HY,fub FN.Md St{Y7iK {I/Y}~'11J' ~ CTit-Z12t2 PR.13 R~) T11@ 1'Df$Qifltl~ inStTUCn@nt i1E$ t~GltnQmled~e #1+Ofcre nrt8 #hi~ ~~Ppy p~~, CANDACE A. TOWSIEY ;_°.. ,~`~ ~ Notary Public -State of Florida f ` . fvly Comm. Expires Aug 20, 2012 ,N'9 F°F F~-°~O`` Comrtii55io0 # DD 8165b7 `''~~~+~~~~~' Boeded 7>7iaugh Nativrial Notary Assn. r+ena rrafy proauGet7, yp~, of identifica~orl)~.. AS i nl' ication an a, . dill trt' ;n tak an ~Siattafure of No~Ya~lficl; Typed, Printed. ar Stamp. {Ipi II ptl pl (pl II tpl 11 ill II 11111 ll! ip 1pl NI Itl II III I itl( Prepared band return to: Michael D. Soru~enschein, esq. Stein, Soru7enschein, Hochman & Peppier 1420 Alafaya Trail Suite 101 Oviedo, Florida 32765 I IVST R ~~~B+Zt 14398 17R SK ~ JE,23 PG I ~~ 1 PGS=B l~i~iRTH~ []. HRYhIIE, G17h1PTFi0LLEfi Or~flra~lr cou>~TY, ~~ [13/1~f~00E~ 03: i~ d ~~4 ~'ht IYiTG DOC TAX G6 ;. C~0 I~fTAhIG TtdX 3~~t. ~~; ~iEC EEE G`3. ~l3 MORTGAGE (Space above this line reserved for recording offce use only) THIS MORTGAGE, a Purchase Money First Mortgage, is executed by Brad Crouse, ("Mortgagor"); 10513 Leader Lane, Orlando Florida, 34825 who in consideration of the principal sum specified in the promissory note hereafter described received from the Helen F. Crouse Trust Dated November 27, 1996 ("Mortgagee"), c/o Orrstown Bank Trust Department, 77 East King Street, Shippensburg, PA, 17257 does hereby mortgage to Mortgagee the real properly located in Orange County, Florida, more fully described as follows: Lot 50, FIELDSTREAM WEST PHASE 1, according to the Plat thereof as recorded in Plat Book 45, Page(s) 80-83, Public Records of Orange County, Florida. Property Appraiser's Parcel Identification No. 32-22-31-2661-00500. as security for the payment of the promissory note attached as exhibit "A" (the "note"), and agrees: 1. To make all payments required by the note and this mortgage promptly when due. 2. T~o pay all taxes, assessments, liens, and encumbrances on that property promptly when due. If they are not promptly paid, Mortgagee may pay them without waiving the option to foreclose, and those payments, with interest on them from the date of payment at the same rate as specified in the note, also shall be secured by this mortgage. 3. To keep all buildings now or hereafter on that land insured against damage by fire and lightning in the sum secured by this mortgage, by an insurer satisfactory to Mortgagee, the insurance policy to beheld by and payable to Mortgagee. If Mortgagor does not do this, Mortgagee :may do so without waiving the option to foreclose, and the cost of the insurance, with interest from t:he date of payment at the same rate as specified in the note, shall also be secured by this mortgage. ].f any sum is paid under a claim on such a policy, Mortgagee may apply it to the indebtedness secured by this mortgage, or may permit Mortgagor to use it for other purposes, without impairing the lien of this mortgage. 4. "to commit, permit, or allow no waste, impairment, or deterioration of the mortgaged property. 5. To pay ail expenses reasonably incurred by Mortgagee because of failure of Mortgagor to comply with the agreements in the note or this mortgage, including reasonable attorneys' fees. The cost of this, with interest from the date of payment at the same rate as specified in the note, shall also be secured by this mortgage. 6. If any payment provided for in the note is not paid within 30 days after it becomes due, or if any agreement in this mortgage other than the agreement to make the payments is breached, the entire unpaid principal balance of the Note shall immediately become due at the option of Mortgagee, and Mortgagee may foreclose this mortgage in the manner provided by law and have the mortgaged property sold to satisfy or apply to the indebtedness hereby secured. 7. The rents and profits of the mortgaged property are also mortgaged hereby, and, if proceedings to foreclose this mortgage shall be instituted, the court having jurisdiction should appoint a receiver of the mortgaged pxoperty and apply those rents and profits to the indebtedness hereby secured, regardless of the solvency of Mortgagor or the adequacy of the security. 8, This mortgage and the note that it secures are not assumable without the written consent of the Mortgagee or any subsequent Holder, which consent shall be at Mortgagee's sole discretion. If Mortgagor sells or transfers the mortgaged property or any interest therein (including, but not limited to, sale by contract for deed), then Mortgagee may, 30 days after providing written notice of default to Mortgagor, declare all indebtedness secured hereby to be accelerated and due and payable, unless Mortgagee consents in writing to the sale or transfer and assumption of the indebtedness, which consent shall be at Mortgagees sole and absolute discretion Brad Crouse Mortgagor 10513 Leader Lane Orlando, Florida 34825 Sieved in the tu~sene,~ of: . Signed in the presence of: printed name of witness printed name of witness STATE OF FLORIDA COUNTY OF SEMINOLE The foregoing instrument was acknowledged before me this a~~--day of February, 2008, by Brad Crouse, who is personally known to me or has produced ~ rc rC ~G ~ r ~ ,; ~ ~s L < < ~~ -, ~o as identification. ~,~"a.~ NotaryPubficstateoiFlonda otary Public -State of Florida JeneAnn Trier My cammisafon DD401511 Printed Name: ~;,lc ..~..~ ^ j ,- ~ ~ •- ~'a ~ Expires 04M 1/2009 PROMISSORY NOTE Dated: as of October 26,2007 1. Principal. FOR VALUE RECEIVED, the undersigned "Borrower" promises to pay to "Lender" the principal sum of $190,000.09, with annual interest thereon calculated in accordance with the terms and provisions provided below. All sums owing under this note are payable in lawful money of the United States of America. Borrower name and address is: Brad Crouse 10513. Leader Lane Orlando, Florida 32825 Lender name and address is: Helen F. Crouse Trust Dated November 27, 1996 c/o Orrstown Bank trust Department, 7'7 East King Street Shippensburg, PA 17257 2. Interest. Interest accrued on this note shall be payable at a fixed annual rate of 4.375%, until this note is paid in full. .All amounts required to be paid under Lender's note. shall be payable at Lender's office located at c/o Orrstown Bank trust Department, 77 East King Street, Shippensburg; PA 17257, or at another place as Lender, from time to time, may designate in writing. Interest calculations shall be based on a 360-day-year and charged on the basis of actual days elapsed. 3. Monthly Installments. Monthly Installments Including Interest. Principal and interest shall be paid in .equal successive monthly installments; each in the amount of $948.63, commencing on October 26; 2007, and continuing on the same day of each month thereafter for a period of 360 months until all principal and accrued interest have been paid in full. 4. Maturi Date. The entire principal balance of this note; together with all accrued and unpaid interest, shall be due and payable on September 27, 203.7 ("maturity date"), unless otherwise prepaid in accordance with the terms of this note. S ecurity. (a} This note is secured by, among other things, a mortgage and security agreement ("mortgage") bearing the date of this note, executed and delivered by Borrower, as mortgagor, to Lender, as mortgagee, encumbering property in Orange County, Florida as more fully described in the Mortgage. (b) All of the agreements, conditions, covenants, provisions, and stipulations contained in the mortgage that are to be kept and performed by Borrower, are made hereby a part of this note to the same extent and with the same force and effect as if they were set forth fully herein, and Borrower covenants and agrees to keep and perform them or cause them to be kept and performed strictly in accordance with their terms. Prepayment- Borrower may prepay the whole or any portion of this note on any date, without prior notice to Lender. Any payments of the principal sum received by Lender under the terms of this note shall be applied in the following order of priority: (a) first, to any accrued interest due and unpaid as of the date of payment; {b) second, to the outstanding principal sum; and (c) the balance, if any, to any accrued, but not yet due and payable, interest. 7. Late Charge. If any required payment, including the final payment due on the maturity date, is not paid within fifteen (15) days from and including the date upon which it was.due (whether by acceleration or otherwise), then, in each such event, all past due amounts shall be. subj ect to a late penalty of f ve (5) percent on every dollar owed (the "late penalty"). The acceptance of any payment by the holder of the note shall not act to restrict the holder at all in exercising any other rights under the nof:e or the law, to waive or release Borrower from any obligations contained herein, or to extend the time for payments due under this note. 8. No Assumption Of Note Or Transfer Of Property This Promissory Note, all obligations created by it, and the mortgage given as security may not be assumed by or assigned by borrower to any third party. Additionally, if Borrower sells or transfers the mortgaged.property or any interest therein (including, but not limited to, sale by contract for deed), then Lender may, 30 days after providing written notice of default to Mortgagor declare all indebtedness to be accelerated and due and payable, unless Mortgagee consents in writing to the sale or transfer of the property and assumption of the indebtedness, which consent shall be at Lender's ;sole and absolute discretion. 9. Default and Remedies. If Borrower fails to pay principal and/or interest on the date on which it falls due or to perform any of the agreements, conditions, covenants, provisions, or stipulations contained in this note, in the mortgage, or in the security documents,, then Lender, at its option and w7thout notice to Borrower, may declare immediately due and payable the entire unpaid balance of principal with intereat from the date of default at the highest rate permitted by law. Payment of this sum may be enforced and recovered in whole or in part at any time by one or more of the remedies provided to Lender in this note, in the mortgage. In that case, Lender may also recover all costs in connection with suit, a reasonable attorney's fee for collection, and interest on any judgment obtained by Lender at the highest legal rate. . The remedies of Lender and the warrants provided in this note, and the mortgage shall be cumulative and concurrent, and they may be pursued singly,.suceessively, or together at the sole discretion of Lender. They may be exercised as often as occasion shall occur, and failing to exercise one shall in no event be construed as a waiver or release of it. 10. Attorneys' Fees and Costs. If Lender engages any attorney' to enforce or construe any provision of this note; or the mortgage, or as a consequence of any default whether or not any legal action is filed, Borrower shall immediately pay on demand all reasonable attorneys' fees and other Lender's costs, together with interest from the date of demand. until paid at the highest rate of interest then applicable to the unpaid principal, as if the unpaid attorneys' fees and costs had been added to the principal. 11. Waivers. (a) Borrower hereby waives and releases all benefit that might accrue to Borrower by virtue of any present or future laws of exemption with regard to real or personal property or any part of the proceeds arising from any sale o~that property, from attachment, levy, or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment. Borrower agrees that any real estate that maybe levied on under a judgment obtained by virtue hereof, on any writ of execution issued thereon, may be sold on any writ in whole or ir.~ part in any order desired by Lender. (b) Borrower and all endorsers, sureties; and guarantors jointly and severally waive presentment for payment, demand, notice of demand, notice of nonpayment or dishonor, protest, notice of protest of this note, and all other notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this note. They agree that each shall have unconditional liability without regard .to the liability of any other party and that they shall not be affected in any manner by any indulgence, extension of time, renewal, waiver, or modification granted or consented to by Lender. Borrower and ali endorsers, sureties, and guarantors co; isent to any and all extensions of time, renewals, waivers, qr modifications that may be granted by Lender with respect to the payment or other provisions of this note, and to the release of any collateral or any part thereof, with or without substitution, and they agree that additional borrowers, endorsers, guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder. (c) Lender shall not be considered by any act of omission or commission to have waived any of its rights or remedies: hereunder, unless such waiver is in writing and signed by Lender, and then only to the extent specifically set forth in writing. A waiver on one event shall not be construed as continuing or as a bar to or waiver of any right or remedy to a subsequent event. 12. Notices. All notices required under or in connection with this note shall be delivered or sent by certified or registered mail, return receipt requested, postage prepaid, to the addresses set forth in Paragraph 1 hereof, or to another address that any party may designate from time to time by notice to the others in the manner set forth herein. All notices shall be considered to have been given or made either at the time of delivery thereof to an officer or employee or on the third business day following the time of mailing in the aforesaid manner. 13. Costs and Expenses. Borrower shall pay the cost of any revenue tax or other stamps now or hereafter required by law at any tune to be affixed to this note. 14. No Partnership or Joint Venture. Nothing contained in this note or elsewhere shall be construed as creating a partnership or joint venture between Lender and Borrower or between Lender and any other person or as causing the holder of the note to be responsible in any way for the debts or obligations of Borrower or any other person. 15. Interest Rate Limitation. Notwithstanding anything contained herein to the contrary, the holder hereof shall never be entitled to collect or. apply as interest on this obligation any amount in excess of the maximum rate of interest permitted to be charged by applicable law. If the holder of this note ever collects or applies as interest any such excess, the excess amount shall be applied to reduce the principal debt; and ifthe principal debt is paid in full, any remaining excess shall be paid forthwith to Borrower. In determining whether the interest paid or payable in any specific case exceeds the highest lawful rate, the holder and Borrower shall to the maximum extent permitted under applicable law (a) characterize any non-principal payment as an expense, fee, or premium rather than as interest; (b) exclude voluntary prepayments and the effects of these; and (c) spread the total amount of interest throughout the entire contemplated term of the obligation so that the interest rate is uniform throughout the term. Nothing in this paragraph shall be considered to incxease the total dollar amount of interest payable ender this note. 16. lklodification. In the event this note is pledged or collaterally assigned by Lender at any time or from time to time before the maturity date, neither Borrower nor Lender shall permit any modification of this note without the consent of the pledgee/assignee. 17. Number and Gender: In this note the singular shall include the plural and the masculine shall include the :feminine and neuter gender, and vice versa, if the context so requires. 18. Headings. Headings at the beginning of each numbered paragraph of this note are intended solely for convenience of reference and are not to be construed as being a part of the note. 19. Time of Essence. Time is of the essence with respect to every provision of this note. 20. Governing Law. This note shall be construed and enforced in accordance with the laws of the State of Florida, except to the extent that federal laws preempt the laws of the State of Florida. IN WITNESS WHEREOF, Borrower has executed this promissory note as of the date set forth above. /! ~ y $rad Crouse Borrower Signed in the presence of: Signed in the presence of: ~j ~ ~ ~ /'~//il~~/~/i~~lU. ~OiVic~ yr.~l,~G ~r~~ ~ l ~~ ~r,~-~ ~,~ `7-r , e ~ Printed Name of Witness ~ Printed Name of Witness STATE OF FLORIDA CQUNTIr OF SII~!IINOLE The foregoing instniment was acknowledged before me thi~ day of r~6~wr,-~ ,1008, by Brad Crouse, who is personally known to me or has produced ~l ~<<~d.- Arf:.~^S ~~s,u.-a identification. ~' otary Public -State of Florida royrr ~u~~ -Notary Puhfic State of Florida ,laneAnn Trier p~ My Cammisslon DD40i511 ~o- ~'~ Expires 04/1112009 ~rlotte F1.nandal Calculator ~t - <X(~~ ~61~ - -- - -- Page 1 Loans '~fych t,.~g~~ . QBted: 2/2/2011 (~1~t 1~1 ~W~EGI~ Calculate Princlpal Amount Payment Amount Tenn ~ Sch®dute Next Payment Number 1 Prlndpal AmOUnt 5202,000.00 Annual Interest Rats 4.000 Payments per Year i2 Payment Amount 51,000.00 Term 30 years 0 months Next Payment Date 02101/Z011 Paymern Date P&1 Payment Interest Principal Balance Due 1 02/012011 ~~~ 11 1,Od0.00/ 673.33/ 328.87 201,873.33E 2 03/072011 p3`o~~\1 1 000.00 / 872.24 •,~ 32T.78/ 201,34b.67./ 3 04/072011 (3'~Ia-~111 , 7,OOfl.00/ 871.15 / 328.86` / 201,018.72 •f / 4 05!01/2011 ~ti~1 ~ ~ ' 1.000.00 / _ 670-OB / 329.94 / 200,888.78 74 f 6 3 5 2 ~ l1 06/012011 l4~ 1.000.00 tis 888.98 / 331.04 . 200, 6 8 07/072011 `T~5~1- 1,000.00 v 867:85 / - 332.1bJ 200A23:69ti/ 7 08/072011 tp~21 \1 1.000.00 V 886.75/ 33325 V 189,890.34-, 8 OaJ012011 Q Ile It t 1,000.00 / 685.83 f 534.37 f 199,355.97 Y 9 10/07/2011 10~OL1`I1 1,000.00 ~ ~ 864.62 ~ 335.48 v 199,020.49 70 17/012011 11 ~p2~ 11 1,000.00 / 883.40 / 338.80 / 188,883.89 f ~, _ 11 72/072011 1,000.00 882.28 337J2 198,348.17 11,000.00 7,346.17 3,853.83 12 01/01/2012 1,000.00 661.15 338.85 798,007.32 13 02!01/2012 1,000.00 860.02 338.98 197,667.34 74 03/01/2012 1,000.00 858.89 341.11 187,328.23 75 04/01/2072 1,000.00 857.75 34226 188,983.98 7 8 05J01/2072 ~ 1.000.00 666.87 343.38 195,640.59 17 08!01/2012 1,000.00 86b.47 344.53 18698.08 18 071012012 '1,000.00 854.32 345.68 795,950.38 19 08/01/2012 _ 1,000.00 653.17 348.83 195,603.55 20 081012012. 1,000.00 652.01 347.90 795,255.68 21 70/072012 ~ 1.000.00 &50.85 349.16 194.908.41 22 71/072012 1.000.00 649.69 350.31 184.558.10 23 12/01/2012 1,000.00 648.62 351.48 784,204.62 12,000.00 7,858.45 4,141.65 24 01/012013 1,000.00 647.35 352.66 193.8517 26 02/012013 1.000.00 648.17 353.83 193,498.14 28 03101!2013 1,000.00 - 644.99 355.01 193,143.13 27 04/012013 1,000.00 _ 843.81 356.19 192,788.94 28 05/012013 7.000.00 842.82 367.38 192,429.68 29 06/0112013 1,000.00 641.43 358.57 192,070.89 30 07/01/2013 1,000.00 640.24 359.76 181,71723 31 08/012013 7,000AO 639.04 880.96 191,350.27 32 09/01/2013 1,000.00 637.83 382.17 190,988.10 33 10/0112013 7,000.00 838.83 363.37 190,824.73 34 11/012013 7,000.00 635.42 364.68 180,280.15 36 12/012073 ~ 1,000.00 634:20 386.80 189,894.35 12,000.00 7,689.73 ~ 4,370.27 36 011012014 1,000.00 632.98 367.02 189.527.33 37 02/01/2014 1,000.00 631.76 388.24 789.159.09 38 03/012014 _ 1,000.00 830.53 389.47 188,789.62 39 041012014 ~ 1,000.00 629.30 370.70 788,418.92 40 05/012014 1,000.00 628.08 571.94 188,048.88 Charlotte Financisi Calculator Fage 2 • ~ Loans Dated: 2/22011 Caicu)ate Prindpei Amount Payment Amount Term > Schedule . Next, Payment Namber 1 Prindpal Amount 5202,000.00 Annual interest Rate 4.000 Payments per Year 12 Payment Amount 51,000.00 Term 30 years 0 months Next Payment Date 02/01/x011 Payment Date P&1 Payment Interest . Pr(ndpal Relents Due 41 06/01/2014 1,000.00 828.82 373.18 187.873.80 42 07/012014 1,000.00 825.58 374.42 187,288.38 43 08/012014 1,000.00 824.33 375.87 188,923.71 44 09101/2014 1,ODOAO 623.08 376.82 186,b46.79 45 10/092014 1,000.00 821.82 378.18 188,188.81 4S 11/012014 1.000.00 $20.56 379.44 185,788.17 47 12!01/2014 1,000.00 618.30 380.70 185,408.47 12,000.OU 7,514,12 4.485.88 48 0110120"15 1,000.00 618.03 381.97 185,028.50 49 02/012015 1,000.00 816.75 383.25 184,643.25 50 03/01/2016 1.000.00 896.48 384.52 184,268.73 51 041012016 1,000.00 614.20 365.80 183,87293 62 05/012015 1,000.00 612.81 387.09 183,465.84 63 06/012015 1.000.00 611.62 388.38 183,097.46 64 07/01/2015 1,000.00 610.32 389.88 182,707.78 _ 55 08/01/2016 7,000.00 808.03. 390.97 182,318.81 56 08/012015 1.000.00 607.72 382.2$ 181,924.53 57 10/012015 9,OW.00 606.42 383.58 181,530.95 58 11/012015 1,000.00 806.10 394.80 781,135.05 59 12/0'112015 1,000.00 803.78 39621 180,739.84 12,000.00 7,331.37 4,888.63 60 09/012018 1,000.00 602.47 397.53 180,342.31 81 02/01/2016 1,000.00 $01.14 398.86 179,943.45 82 03/012018 1,000.00 598.81 400.18 179,54328 63 Q4/012016 1,000.00 698.48 401.52 178,141.74 84 05/01/2018 1,000.00 587.14 40286 178,738.88 65 061012D18 1,000.00 595.80 404.20 178.334.68 66 07/01201 B 1.000.00 69q,46 405.55 177,829.13 87 08/01/2018 1,000.00 583.10 406.90 177,52223 BS 09/012098 1.000.00 581.74 408.28 177,113.97 89 10/01/201 B 1,000.00 680.38 408.62 178,704.35 70 11/09/2018 1,000.00 588.01 418.99 178,293.38 71 12/012018 1,000.00 587.64 412.38 175,881.00 12,000.00 7,141.16 4,858.84 72 01/07/2017 1,000.00 688.27 413.73 175,46727 78 02/07/2017 1,000.00 584.88 A15.91 175,052.16 74 03/012017 1,000.00 583.51 416.49 174,835.87 75 04/012017 1,000.00 682.12 417.88 174,217.79 76 05!012017 1.000.00 680.73 41827 175,798.62 77 06/01/2017 1,000.00 578.33 420.67 173,37T.8b 78 07/01/2017 1,000.00 577.83 422.07 172,955.78 79 08/012017 1,000.00 578.52 423.48 172,53230 80 Q0/012017 1,000.00 575.11 424.88 172,107.41 Charlotte ~]nandal Calculator Page 3 - Loans Dated: 2/2!2011 Calculate Principe! Amount Payment Amount Term > Schedule Next Payment Number 1 PrlnClpal Amount 5202,000.00 Annual Interest Rate 4.000 Payments perYear 12 PaymentAmount S1~000.00 Term SO years 0 months Next Payment Bate 02/07/2019 P~nnsat Date P&I Payment Interest Pdncipei Balance Due 81 10/012017 1,000.00 573.89 428.39 171,681.10 82 11/01/2017 1,000.00 672.27 427.73 171,253.37 83 12!012017 1,000.00 570.84 429.16 170,824.21 12.000.00 6,94321 5,056.79 84 01!01/2018 1,000.00 589.41 430.69 170,393.82 85 ATJ012018 1,000.00 587.98 432.02 169,961.60 86 03/012018 1,000.00 566.54 433.46 '169,528.14 87 04!0112018 1,000.00 565.09 434.91 189,093.23 88 06!0112018 1.000.00 563.64 436.38 188.858.87 89 08/012018 ~ 1,000.00 582.18 x37.81 168,219.08 90 07/012018 -1,000.00 560.73 439.27 167.779.79 91 08!012018 1,000.00 669.27 440.73 187,339.06 82 09/01/2018 1,000.00 557.80 44220 188,898.88 83 10/012018 1,000.00 556.32 4x3.68 168.453.18 94 11!012018 ~ 1,000.00 654.84 445.1 B 1$$,008.02 9b 12/01x1018 1.000.00 553.38. 446.64 185,581.8 12,000.00 6.737.17 5,282.63 g6 01/012019 1,000.00 561.87 448.13 185,11328 97 021012019 1,000.00 550.38 448.62 164.863.83 98 03!012018 '1,000.00 548.88 451.12 164,212.51 _ 99 041012019 1.000.00 547.38 452.62 183,759.89 100 05/09/2019 1,000.00 545.87 454.13 163,305.78 101 08/01/2019 1,000.00 544.35 455.85 162,860.11 102 07/012019 1,000.00 84283 457.17 182,39294 103 08!01/2019 1,000.00 541.31 458.69 161,934.25 104 09/012019 1,000.00 539.78 48022 161,474.03 105 101012019 1.000.00 53825 481.75 161,012.26 106 11/012019 1,000.00 636.71 483.29 160,648.99 107 12/012019 - 1,000.00 636.16 464.84 160,084.16 12,000.00 6.522.77 6,x7723 108 01!012020 1,000.00 653.61 488.39 169,617.76 109 02!012020 1,000.00 332.06 467.84 158,148.82 110 03/01/2020 1,000.00 530.50 x69.60 158.680.32 1 i 1 04/012020 1,000.00 528.83 471.07 158,209.25 112 05/012020 1,000.00 627.36 472.64 167,736.61 113 • 06101/2020 1.000.00 526.79 47421 157.282.40 114 07/012020 1,000.00 524.21 476.79 156,788.61 115 08!01/2020 1,000.00 522.62 477.38 156,309.23 i 18 09/012020 1,000.00 621.03 478.97 166,830.26 117 10/01/2020 1,000.00 519.43 480.57 155,349.69 118 11/012020 1,000.00 517.83 482.17 154,867.52 119 12/012020 1,000.00 51623 483.77 154,363.75 Charlotta,F[~ancial Calculator - Page 4 ' ~ ~ Loans Dated: 2/212011 Calculate Pdnc[pai Amount $?A$000.00 Principal Amount Annual Interest Rate 4.000 t'aymsnt Amount Payments per Year 12 Term Payment Amount 51,000.00 ~ ScheHule Term 30 years 0 months Next Payment Number 1 Next Payment Date 02/09!2019 Payment Data P&i Payment Interest Principal Balance Due 12,000 W &,289.80 5,700.40 120 01/01/2021 1,000.00 614.61 485.39 153.898.36 121 02/01!2021 1,000.00 512.98 487.01 153,411.36 122 03/012021 1,000.00 511.37 488.63 152,82272 123 04!01!2021 1,000.00 609.74 490.28 162,432.46 124 05!0112021 1,000.00 508.11 491.88 151,840.x7 125 06/012021 1.000.00 506.47 493.63 161,447.04 128 07/01/2021 1,000.00 304.82 495.18 150,96'1.66 127 08/012021 1,000.01} 503.97 498.83 150,455.03 128 09/01/2021 1,000.00 501.52 498.48 149,956.55 128 10/01/2021 1,000.00 x99,86 500.14 148,4b6.49 130 11/012021 7,000.00 498.18 601.81 148,954.60 131 12/012021 1,000.00 486.52 503.48 948,451.12 92,000.00 8,087.37 6,93283 932 O1f092022 1,000.00 484.84 505.16 147,945 98 133 021092022 1,000.00 493.15 506.85 147,439.11 134 03101/2022 9,000.00 497.48 508.54 14@.83U~7 136 04/01/2022 1,000.00 488.77 61023 148,420.34 138 05/092022 1,000.00 488.07 611.53 145,908.41 937 08107!2022 1,000.00 488.38 513.64 145,394.77 938 07!012022 1,000.00 484.66 515.35 144.87@.42 139 08/01/2022 1.000.00 482.93 b17.07 144.382.36 '140 09/01/2022 1.000.00 481.21 678.78 143.843.58 147 10f01/2022 1,000.00 479.48 820.62 943,323.04 142 71/012022 1,000.00 477.74 522.28 142,800.78 143 12/01/2022 1,000.00 476.00 524.00 14276.78 92,000.OD 5,825.68 6,174.34 144 01/09/2023 1,000,00 474.26 625.74 941,751.04 145 02!0112023 1,000.00 472.50 627.60 141,223.54 i4B 03/01/2028 1,000.00 470.15 528.26 140,89429 947 04/09/2023 1.000.00 488.98 631.02 140.183.27 148 - 06!09/2023 9,000.00 48721 532.79 139,830.48 148 08!01/2023 1,000.00 465.43 534.5! 139,035.81 150 07/01/2023 1,000.00 453.65 536.35 13S,B59.56 159 08/01f2023 1,000.00 481.87 538.13 138,021.F13 962 08/01/2023 9,000.00 480.07 638.93 137,481.50 153 10~l01l2023 1,000.00 45827 641.73 136,838.77 164 -1110912023 9,000.00 458.47 643.63 136,398.24 155 12/012023 1,000.00 454.65 545.35 136,850.89 12,000.00 6,674.11 6,425.88 166 09/09/2024 9,000.00 452.84 547.16 135,303.73 157 02!01/2024 1,000.@0 451.09 548.99 134,754.74 Charlotte Financial Calculator - Page 5 Loans Dated: 2/2/2011 Caiwlate Pr]nclpel Amount Payment Amount Term > Schedul® Next Payment Number 1 Prindpal Amount 5202,000.00 Annual Interest Rate 4.000 Payments perYear 12 Payment Amount S1,000.00 Term 30 years 0 months Next Payment Dets 02/0112019 Payment date ~ P8,1 Payment Interest Prindpal Balance pue 158 03/01/2024 1,000.00 449.18 550.82 134,203.92 159 04/01/2024 1,000.00 447.35 552.65 133,66127 160 05/01!2024 1,000.00 445.50 684.64 133,098.77 161 06/01/2024 1,000.00 443.66 558.34 132,540.43 182 07/01/2024 1,000.00 441.80 668.20 131,882.23 163 O8RIi2024 1,000.00 439.94 580.06 131,422.17 164 09/01/2024 1,000.00 438.07 561.83 134,880.24 185 10/01/2024 1,000.00 ~ 498.20 563.80 130.298.44 188 11/01/2024 1,000.00 434.32 666.68 129,730.76 187 12109/2024 1,000.00 432.44 567.56 129.183.20 - '!2,000.00 5,312.31 8,887.88 188 01/01/2025 1,000.00 430.54 689.48 128.593.74 189 02/01/2025 1.000.00 428.65 571.36 128,022.39 170 0310112025 '1,000.00 428.74 573.28 92?',449.13 171 04101/2025 1.000.00 4-24.83 575.17 126,813.96 172 05/01/2025 1,000.00 422.91 677.09 12$,298.87 173 08/012025 1,000.00 420.99 579.01 125,717.88 174 07/01/2025 1,000.00 419.06 580.94 126,138.92 975 08101/2025 1,000.00 417.12 58288 124,534.04 176 09/01/2026 1,000.00 415.18 684.82 123,969.22 177 10/01/2025 1,000.00 413.23 586.77 123,382.45 778 11/012025 1,000.00 411.27 588.73 122.783.72 979 12101/2026 1,000.00 408.31 694.89 122,203.03 12,000.00 8,039.83 8,960.17 180 01/0'112028 1,000.00 407.34 582.88 121,810.37 181 Q21012028 1,000.00 405.37 594.83 121,015.74 182 03/01/2026 1,000.00 403.39 598.61 120,418.13 183 04!012026 1,000.00 401.40 698.80 119,820.53 184 06/01/2026 1,000.00 399.40 600.80 119,219.83 185 06/01/2028 1,000.00 397.40 802.60 118,817.33 188 07/01/2028 1,000.00 395.39 604.81 118.012.72 187 08/012028 1,000.00 393.38 608.82 117,408.10 188 09/012026 1,000.00 391.36 608.65 '118,787.46 189 10/01/2026 1,000.00 389.32 810.68 118,188.77 190 11/01/2028 1,000.00 38729 81271 115,574.08 191 12/012028 1,000.00 385.25 814.76 114,959.31 12.000.00 4,766.28 7.243.72 192 01101/2027 1,000.04 383.20 818.80 114,342.51 193 02/012027 1,000.40 381.14 618.88 113,723.66 194 03/012027 1,000.QO 379.08 - 620.92 113.102.73 186 04/01/2027 1,000.00 377A1 82299 912,479.74 198 05/01202T 1,000.00 374.93 825.07 919,854.87 997 06/092027 - 1.000.00 372.85 627.15 911,227.62 Charlotte financial Calculator Page 6 •• ~ Loans Dated: 2/2/2011 Calculate Principal Amount Payment Amount i'erm ~ Schedule Naxt Payment Number 1 Principal Amount $202,000.00 Annual Interact Rate 4.000 Payments per Year 12 Payment Amount S1,000.00 Term 30 years 0 months Need Payment Date 02f01/2011 Paymerrt Date P&[ Payms~rt trrterest Prtnclpat Balsnca Due 188 07!01/2027 1,000.00 370.76 628.24 110,598.28 199 08101/2027 1,000.00 368.88 631.34 108,888.94 200 09101/2027 1,000.00. 388.58 ~ 633.44 109,333.50 201 10101!2027 .1,000.00 364.45 836.65 108,697.95 202 11!01/2027 1,000.00 362.33 837.87 108,060:28 203 1210112027 1,000.00 360.20 639.80 107,420.48 12,000.00 4,461.17 7,538.83 204 01/01/2028 1,000.00 358.07 641.93 106,778.55 205 02!01/2028 1.000.00 355.93 844.07 108.134.48 206 03/0112028 1,000.00 353.76 646.22 105,48826 207 04/01/2028 1,000.00 351.83 648.37 104,839.89 206 05101/2028 1,000.00 349.47 650.53 104,189.38 209 '06/01/2028 1,000.00 347.30 652.70 103.636.66 210 07/01/2028 1,000.00 345.12 664.88' 102,881.78 _ 211 08/01/2028 1,000.00 342.84 657.08 102.224.72 212 09/01/2028 1,000.00 340.7b 659.25 101,66E~47 213 10/01/2028 1,000.00 338.66 661.45 100,90482 214 11/01!2026 1,000.00 336.35 663.85 100,240.37 215 12/01/2028 1,000.00 334.13 865.87 99,574.50 12,000.00 4,1b4.02 7,845.88 216 01/01/2028 1.000.00 331.92 668.08 98,806.42 217 02/01/2029 ~ 1,000.00 329.89 870.31 98,236.11 218 03/01/2028 1,000.00 327.45 872.55 97,b63.56 219 04/01/2029 1,000.00 32621 674.79 98,868.77 220 05!01/2029 1,000.00 32295 677.Q4 86,211.73 221 06101!2028 1,000.00 ~ 320.71 879.29 85,532.44 222 07!0112029 1,OD0.00 318.44 881.56 94,860.88 223 08/012029 1,000.00 316.17 683.83 94.187.05 224 09!01/2029 1,000.00 313.89 886.11 93,480.84 225 10/01/2029 1.000.00 311,60 888.40 92,792.64 226 11/01/2029 1,000.00 309.31 690.89 92,101.86 227 121(}112029 1,000.00 307.01 692.99 91,408.88 12,000.00 8,834.35 8,185.64 228 01/01/2030 1,000.00 304.70 695.30 90.713.58 229 02/01/2030 1,000.00 302.38 697.82 80,015.94 230 03J0112030 1,00D.00 300.05 898.95 89,315.99 Z31 04/01/2030 ~ 1,000.00 297.72 702.28 88,613.71 232 051012030 1 <000.00 295.38 704.82 87,909.09 233 06!0112030 1,Q00.00 293.03 708.97 87,202.12 234 07/01/2030 1,000.00 280.87 708.33 86,492.19 235 08/01/2080 1,000.00 288.31 711.89 85,7$1.10 236 08/01/2030 1,000.00 286.94 714.08 85,067.04 237 10/01/2030 1,000.00 283.68 716.44 84,350.80 Charlotte ~nsncial Calculator' Agee 7 '~ ~ Loans Dated: 2f2J2011 Calculate PrlnCipal Amount Payment Amount 7®rrn ~ Schedule - Next Payment Number 1 Prindpal Amount 5202,000.00 Annual Interest Rate 4.000 Payments per Year 12 Payment Amount 51,000.00 Term 30 years 0 months Next Payment Dots 0?.I01/2017 Payment Date P&1 Payment Irttera9t Pr1rlc)pal 6alence Dua 238 11/01/2030 1,000.00 281.17 718.83 83,631.77 238 12!0112030 9,000.00 278.77 72!.23 82,810.54 12,000.00 3,501.88 8,498.32 240 01/012031 3,000.00 276.37 723.63 82,188.91 241 02/01/2031 1,000.00 273.96 728.04 81,460$7 242 03!012031 9,000.00 271.54 729.48 80,732.47 243 041012031 1,0.00.00 289.11 730.89 80,009.52 244 05/01/2031 1,000.00 266.67 733.33 79,268.19 248 08101/PA31 1,000.00 _ 28423 735.77 78,532.42 246 97012031 1,000.00 281.77 739.23 77,7aa.19 z47 oa/a12o31 1.000.00 ~ zss.si 749.69 77,95350 246 08!012031 1.000.00 258.85 743.16 76,310.35 249 10/01/2031 ~ 1,000.00 254.37 - 745.83 75,664.72 250 19/092031 1,000.00 261.58 748.92 74,818.80 2S1 12!012031 1.000,00 249x,°9 ~ 76fl.81 ~ 74,065.98 12,000.00 3,155.45 8,844.55 252 09/012032 1,000.00. 246,$9 753.11 73,312.88 253 02!012032 1.000.00 244.38 755.62 72,557.26 254 d3l07/2032 1,000.00 241.68 758.14 71,789,12 .266 04I01R032 1,000.00 239.33 780.67 - 71.038.45 258 05/012032 1,000.00 238.79 76321 70,27524 257 08/012032 1,000.00 23425 785.75 69.509.49 2b8 07101!2032 1,000.00 231.70 788.30 68,741.19 258 08/012032 1,000.00 228.14 770.$6 87,970.33 260 09/01/2032 1,000.00 228.57 773.43 67,186.90 261 10/01/2032 1,000.00 223.99 776.01 88,420.89 262 11/012032 1.000.00 221.40 77$.SO 65,642.29 263 12/012032 1,000.00 218.81 781.19 64,861.10 - 12,000,00 2,795.11 9,204,88 284 01/01/2033 1,000.40 216.20 783.80 84,077.30 285 021012033 1,000,00 213.69 786.41 83,290.89 266 03/012033 1.000.00 2'f0.97 788.08 62,601.86 287 04/01/2033 1,000.00 208.34 791.86 81,71020 266 05/01/2033 1,000,00 205.70 794.30 80,815.80 - 289 96!01/2033 1,000.00 203.05 - 796.85 80,198.95 270 07/092033 1,000.00 200.40 798.60 59,319.35 271 08/41/2033 ~ 1,000.00 197.73 802.27 58,517.08 272 09/01/2033 1,000.00 195.06 804.84 57,712.14 273 10!012033 1,000.00 192.37 807,63 56,904.59 274 11/012033 9,000.00 188.86 840.32 56,094.19 276 12!07/2033 1,0.00.00 186.98 81x02 -65,289.17 12,000.00 2,420.07 9,579.93 C~larfotte,Fjnariciai Calculator Calcu[ats Principal Amount Payment Amaunt Term > Schedule Naxt Payment Number -1 Loans Dated: 2/2f2011 Pdndpal Amount 5202,000.00 Annual Interest Rate -4.000 Payments perYear 12 PaymentAmount 59,000.00 Temt 30 years 0 monFfis Next Payment Date 02/0112011 Payment - Date P&f Payment l~rterest Principal 8afsnce Due 276 01/01/2034 4,000.00 184.27 815.73 b4,466.44 277 02/01/2034 1,000.00 181.55. 818.45 - 53,846.99 278 03/D12034 1,000.00 178.82 821.18 52,825.61 279 04!01/2034 1,000.00 176.09 823.9'1 52,001.80 280 05!0112034 1,000.00 173.34 828.66 61,175.24 281 08/01/2034 1,000.00 170.58 829.42 60,348.82 282 07/01/2034 1,000.00 167.82 832.18 49,513.84 283 0810112034 1,000.00 165.08 834.95 48,678.69 284 09/01/2034 1,000.00 182.28 837.74 47,$40,95 285 10/01/2034 1,000.00 159.47 840.53 47,000.42 286 14!0112034 1,000.00 166.87 843.33 48,157.09 287 12ro42034 1,000.00 163.88 846.14 45,310.95 42,000.00 2,029.78 9,970.22 288 01ro1/2035 1,OD0.00 151.04 848.98 44,461.89 289 02/01/2035 - 1,000.00 .14821 851.79 43,810.20 290 03/01/2036 1,000.00 145.37 864.63 42,755.57 291 04/01/2035 1,000.00 142.52 .837.48 41,898.Q9 292 05/01/2035 1,000.00 139.66 860.34 41,037.78 293 06/012035 1,000.00 13$.79 863.27 40,174.54 294 07/012035 4,OD0.00 933.92 866.08 39.308.48 295 0810112035 1,000.00 - 131.03 868.97 38,439.49 296 09/01/2035 1,000.00 126.13 871.87 37,587.62 297 1010112.035 1,000.00 12b.23 874.77 36,892.85 298 11/01/2035 1,000.00 122.31 877.69 36.815.16 299 92/012035 1,000.00 119.38 880.62 34,934.84 12,000.00 1,623.58 10,376.41 300 01/01/2036 1,000.00 116.46 883.55 34,050.99 307 02/01/2036 1,000.00 113.60 886.60 33,164.48 302 03/0112038 1,000.00 - 140.55 888.45 32,27b.04 303 04/04/2036 - 1,000.00 107.68 892.42 31,362.82 304 0~6l01/2036 7,000.00 104.81 898.39 30,48723 305 08/01/2038 1,000.00 101.62 898.38 29,588.86 306 01/01/2036 1,000.00 98.$3 901.37 28.687.48 307 08!01/2038 1,000.00 95.62 804.38 27,783.40 308 09/01/2038 1,000.00 92.81 907.39 28,878.71 309 10/01/2038 1,000.00 89.58 910.41 25,966.30 310 11/01/2036 1,000.00 86.55 913.45 25,051.85 311 12/01/2036 1,000,00 83.61 91$.49 24,135.38 12,000.00 1,200.82 10,799.18 - 312 01/01/2037 1,000,00 80.48 919.5& 21,215.81 313 02/01/2037 4,000.00 77.38 922.$1 22,29320 314 03/012037 1,000.00 74.31 925.69 21,387.61 Page 8 Charlotte Financial Calculator Calculate Principal Amount Payment Amount n'erm > Schedule Pleat Payment Number 1 Loans Dated: 2J2/2011 Prinapal Amount $202,000.00 Annual Interest Rate 4.000 ' Payments perYear 12 Payment Amount $1,000.00 Term 30 years 0 months Next Payment Date 02101/2011 Payment Date -P&I Payment Interest Prlnclpel satance Due 376 04/01/2037 1.000.00 71.23 928.77 20,438.74 318 05/01/2037 1,000.00 68.13 .931.87 19,506.87 317 08/01/2037 1,000.00 66.02 934.98 1$,671.88 318 ' 07/01/2037 1,000.00 81.81 938.09 17,633.80 319 08/01/2037 1,000.00 58.78 - 941.22 16,892.58 320 09/0112037 1,00080 66.64 944.36 15,748.22 321 10/01/2037 1,000.00 52.49 947.61 14,800.71 322 11/01/2037 1,000.00 49.34 950.88 13,860.05 323 12/01/2037 1,000.00 48.17 953.83 12,898.22 12,00080 760.66 11,239.14 324 01/01/2038 1.000.00 42.99 957.01 11,939.21 325 02/012036 1,000.00 39.80 980.20 10,979.01 326 03!0112038 1,000.00 36.60 983.x0 10,015.61 327 04/01/2038 1,000.00 33.39 988.81 9,049.00 328 06/01/2039 1,000.00 30.18 969.84 6,079.18 329 06!01/2038 1,000.QO 28.93 973.07 7,108.09 330 07/012038 1,000.00 ~ 23.69 876.31 6,129.78 331 08/01/2038 1.000.00 20.43 978.57 6.150.21 332 Q9/01/2038 1,000.00 17.17 982.83 4,187.38 333 10/01/2038 1,000.00 13.69 986.11 3,18127 334 11/01/2038 1,000.00 10.60 988.40 ~ 2,191.87 335 121012038 1,000Ap 7.31 99289 1,199.18 12.000.00 -302.98 11,697.04 338 01/01/2038 1.000.00 4.00 996.00 203.18 337 02/01/2039 203.88 0.88 203.18 0 UO 1,208.86 4.88 1,199.18 Page 9 MORTGAGE THIS MORTGAGE is made the 13`x' day of January, 2011, between the itilortgagor, BEECH LEGACY, LLC, a Peruisylvania limited liability company, whose principal registered offices are located at 9895 McCreary Road, Shippensburg, Pennsylvania, (herein "Borrower") and the Mortgagee, HELEN F. GROUSE REVOCABLE TRUST, of Shippensburg, Pennsylvania (herein "Lender"). WHEREAS, Borrower is indebted to Lender in the principal sum of TWO HUNDRED TWO THOUSAND AND 00/100 (~202,COO.OC) Dollars, which indebtedness is evidenced by Borrower's note dated January 13, 2011 (herein "Note") providing for monthly instail:ments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on January 13, 2041; and WHEREAS, to secure to Lender (a) the repayment of the indebtedness evidenced by the Note, with. interest thereon, the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage, and the perfon'nance of the co--venants and agreements of Borrower herein contained, and (b) the repayment of any future advances, with interest thereon, made to Borrower by Lender pursuant hereto (herein "Future Advances"), Borrotivel- does hereby mortgage, grant and convey to Lender the following described property located in the County of Sussex, State of Delaware: See legal description set forth on Schedule A attached hereto and incorporated herein by reference; which has the address of 37097 Tumstone Circle, Rehoboth Crossing Unit 23, Rehoboth Beach, Sussex County, Delaware 19971 (herein "Property Address"); TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with the property are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any declarations. easements or restrictions Iisted in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property, or any certificate of title certifying Lender's interest in the Property. TO DAVE AND TO HOLD the same unto and for the use of Lender, its successors and assigns, forever. PP.OVIDED, however, that if the Bon~ower shall pay and perform, according; to the conditions hereof and the Note, everything to be paid and performed as aforesaid; then the estate hereby conveyed and granted shall become null and void. BORROWER AND LENDER covenant and agree as follows: ADDITIONAL ADVANCES. The Mortgage and the lien thereof shall be security nit only for the original indebtedness evidenced by the accompanying Note, but also for any other sums that maybe loaned or advanced by Lender to the Borrower at any time or ti.~.es hereafter. PAYMENT OF TAXES, INSURANCE PREMIUMS AND OTHER CHARGES. From tune to tune, until the debt and interest are fully paid, Borrower shall pay and discharge, when and as the same shah become due and payable, all taxes, assessments, sewer and water rents, and all other charges and claims assessed or levied by any lawful authority upon any part of the Property; pay ail ground rents reserved from the Property and pay and discharge all mechanics' liens which may be filed against the Property and which shall or might have priority in lien or paymen: to the debt secured hereby; provide, renew and keep alive such policies of hazard and liability insurance as Lender may from time to time require upon the buildings and improvements now or hereafter erected upon the Property, with loss payable clauses in favor of Lender as its interest may appear. The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender; provided, that such approval shall not be unreasonably withheld. All premiums on insurance policies shall be paid by Borrower making payment, when due, directly to the insurance carrier- All i~~surance policies and renewals thereof shall be in form acceptable to Lender and shall include a standard mortgage clause in favor of and in form acceptable to Lender. Lender shall have the right to hold the policies and renewals thereof, and Borrower shall promptly iizmish t:o Lender all renewal notices and all receipts of paid premiums. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of lass if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is economically feasible avid the security of this Mortgage is not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Mortgage would be impaired, the insurance proceeds sha! l be applied to the sums secured by this Mortgage, with the excess, if any, paid to BoiTOwer. if the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the dale notice is mailed by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply the 2 insurance proceeds at Lenders option either to restoration or repair of the Property or to the sums secured by this Mortgage. - Unless Lender and Bon-ower otherwise agree in writing, any such application of proceeds to principal shall not extend or postpone the due date of the monthly installments hereof or change the amount of such installments. ]f the Property is acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Mortgage immediately prior to such sale or acquisition. MAINTENANCE OF MORTGAGED PROPERTY. Bon-ower shall maintain all buildings and iinprove~nents subject to this Mortgage in good and substantial repair as determined by Lender. Lender shall have tl~e right to enter upon t11e mortgaged premises at any reasonable hour for the purpose of inspecting the order, condition and repair of the building or buildings erected thereon. NONPAYMENT OF TAXES, INSURANCE, OTHER CHARGES, AND COST OF REPAIRS. In the event Borrower neglects or refuses to pay the taxes, insurance premiums or other charges above mentioned, within 30 days after the same become due and payable, or fails to maintain the buildings and improvements as aforesaid, then the Lender may, at is option but without any obligation to do so, advance the sums required and add any amounts so advanced to the principal debt s~°cured hereby, and collect the same as a part of the principal debt. Any amounts disbursed by Lender pursuant hereto, with interest thereon, shall become additional indebtedness of Borrower secured by this Mortgage. Unless Borrower and Lender agree to other teems of payment, such amounts shall be payable upon notice from Lender to Borrower requesting pa}nnent thereof, and shall bear interest from the date of disbursement at the rate: payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained herein shall require Lender to incar any expense or take any action hereunder. TRANSFER OR ENCUMBRANCE OF MORTGAGED PROPERTY. Borrower agrees not to transfer legal or equitable title to the Property unless the Lender consents in writing; to such transfer. PROHIBITION AGAINST TRANSFER OF TITLE TO MORTGAGED PROPERTY CONTAINED HEREIN SHALL BE APPLICABLE TO THE TRANSFER OF EQUITABLE AS WELL AS LEGAL TITLE WHETHER BY DEED, ARTICLES OF AGREEMENT, COI\fTRACT FOR DEED, OPTION OR OTHERWISE EXCEPT FOR SUCH AGREEMENTS OF SALE FOR PURPOSES Ol~ CONVEYING LEGAL TITLE WITHIN 180 DAYS OF EXECUTION OF SUCH AGREEMENT OF SALE. UPON ANY TRANSFER IN VIOLATION OF THIS PROVL~ION, LENDER SHALL HAVE 'THE OPTION OF ACCELERATING THF. MATURITY OF THE ENTIRE UNPAID BALANCE OF INDEBTEDNESS. CONDEMNATION. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or part tl-ereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any, paid to BoiYOwer. In the event of a partial raking of the Property, unless Borrower and Lender otherwise agree in writing, there shall be applied to the sw-ns secured by this Mortgage such proportion of the proceeds as is equal to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds paid i.o Borrower. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and apply the proceeds, at Lender`s option, either to restoration or repair of the Property or to the sums secured by this Mortgag°. Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall n.ot extend or postpone the due date of t11e monthly installments hereof or change the amount of such installments- REMOVAL OR ALTERATION OF IMPROVEMENTS. Borrower agrees not to remove, demolish or make any substantial alterations to any improvements now or hereafter on the mortgaged Property unless Lender consents in writing thereto. BORROWER NOT RELEASED. Extension of the time for payment or modification of amortization of t~~e sums secured by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the original Borrower and Borrower's successors in interest. FORBEARANCE BY LENDER NOT A WANER. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall nct be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Mortgage. REMEDIES CUMUI_A T IVE. All remedies provided in this Mortgage are distinct and cumulative to any other right or remedy under t11is Mortgage or afforded by lativ or equity, a.nd may be exercised concurrently, ine:ependently or successively. NOTICE. Except for any notice required under applicable law to be given in another manlier, (a) any notice to Borrower provided for in this Mortgage shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address as Bon-ower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein or to such other address as Lender may designate by notice to Borro~a~er as provided herein- Anv notice provided for in this Mortgage shall be deemed to have been given to Borrower or Lender when given in the manner designated herein. PURCHASE MONEY MORTGAvE. If all or part of the sums secured by this Mortgage are lent to Borrower to acquire title to the Property, this Mortgage is hereby declared to be a purchase money mortgage. BORROWERS hereby certify that there are no divorce proceedings in any jurisdiction affecting the liability of either of them to enter into this mortgage. GOVERNING LAW. This mortgage shall be governed by the law of the State of Delaware (except as superseded by Federal Law or Regulation). The terms of this Mortgage and the Note are hereby declares to be severable and the invalidity of any such provision shall not invalidate the remaining provisions. ASSIGNMENT OF RENTS. Borrower assigns and transfers unto Lender any and al rents from the mortgaged Property, and authorizes the Lender, at any time at any time there is a default under the Mortgage or accompanying Note, to take possession of, rent, repair and operate the Property and, after deducting all costs of collection, operation, repairs and administration, to apply the balance of the rents received on account of the obligation of the Borrower, Lender shall have full power to Iease or renew leases upon such terms and conditions as to Lender may seern proper or desirable. ACCELERATION OF MATURITY AND fiORECLOSUKE PROCEEDINGS UPON DEFAULT. Ln case default be made by the Borrower in the payment of ary installment of principal, interest or other sums payable under the terms of this Mortgage or the accompanying Note, or in the event of a breach by the Borrower of any of the other obligations, covenants, conditions and agreements set forth in this Mo;~gage or in the accompanying Note, which default or breach shall co~rtinue for more than thirty (30) days, then and in such case the entire unpaic oalance of the indebtedness, including advances and all other sums paid by the Lender in accordance with the teens of this Mortgage or the accompanying Note, together with unpaid interest thereon, shall; 5 at the option of ti:e Lender, and without notice, (except as maybe required by then applicable law), become immediately due and payable, and foreclosure proceedings maybe brought forthwith on the Mortgage or legal action may be commenced on the accompanying Note and prosecuted to judgment, execution and sale for the collection of the same, together with costs of suit and an attorney's commission for collection of ten per centum of the total indebtedness or rivo hundred fifty dollars, whichever is the larger amount_ Borrower hereby forever waives and releases all errors in the proceedings, waives stay of forever waives and releases all errors in the proceedings, waives stay of- execution, the right of inquisition, and extension of time of payment, agrees to condemnation of any property levied upon by virtue of any such execution, and waives all exemptions from Ievy and sa1_e of any property that ~~ow is or hereafter may be exempted by law. SUCCESSOR INTERESTS_ The obligations, covenants, conditions and agreements contained in this Mortgage and the accompanying Note shall be binding upon, and the benefits thereof shall inure to, the respective parties hereto and their respective heirs and assigns. PARAGRAPH HEADINGS. Paragraph headings in this instrument are for convenient reference only, and it is agreed that they shall not be deemed controlling in the interpretation hereof. PROVIDED, HOWEVER, that if the BORROWER shall pay all of the aforesaid indebtedness, interest and other amounts which may be owing hereunder or under the accompanying Note, and shall fully perform all the covenants, conditions and agreements set forth or incorporated herein and in the Note, then this Mortgage shall be void and released at the: expense of the Borrower, and the estate hereby granted and conveyed shall be void. WITNESS the due execution hereof the day and year first above written. WITNESS: / Beech Lega „ C ~/ fj ~.~~ ~~~_ By: F ~AL) r= Paul J. Ritchi ember ~-~ B ~ , _(SEAL) y j,~ -- Je fifer A itchie, ember ~ I I: 0 STATE Or DELAWARE COUNTY' OF SUSSEX ss: On this, the 13TH day of January, 201 1, before me, a notary public, the undersigned officer, personally appeared PAUL .I. RITCHIE and JENNIFER A. RITCHIE, Members of Beech. Legacy, LLC, a Pennsylvania Iimited liability company, satisfactorily proven to be the persons whose names are subscribed to the within instrument and acknowledged that they executed the same for the ourooses therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ( } fF (y `~G%~~~ SEAL i\T v.,ar~' Putiii% ~. {~ ,' DAt`l1EL P. ;~-yEt~S, t1 ~ Tv ` (~OTA~1A>_ ~ O~ ESEC ~432~3~ 29 DEL. V~l1Dcl~'~A~IE A~-~RtvEY p~2685 NtORTGAGE NOTE $202,000.00 Rehoboth Beach, :Delaware January i 3, 20 I I FOR VALUE RECECVED, BEECH LEGACY, LLC, a Pennsylvania limited. liability company, whose principal offices are registered as 9895 McCreary Road, Shzppensburg, Pennsylvania , (hereinafter, whether one or more, called "Obligor") promises to pay to the order of THE HELEN F_ GROUSE REVOCABLE TRUST, of Shippensburg, Pennsylvania, {hereinafter, whether one or more, called "Obligee"), its successor or assigns, in lawful money of the United States of America, the sum of TWO HUNDRED TWO THOUSAND AND 00/100 ($202,000.00) Dol}ars, and any additional moneys loaned or advanced by any holder hereof as hereinafter provided; with interest on the outstanding balance at the rate of FOUR (4.0%) percent per annum, payable as follows: Monthly pa}nnents of principal and interest in the amount of $964.38 to be applied first to accrued interest, then to the reduction of principal. Payments shalt begin Febn>ary I3, 2011 and continue on the 13th day of each month thereafter until January 13, 2041, at which time ally outstanding balance of principal and any accrued and unpaid interest shall be due and payable in full. The parties hereto agree that this note will be secured by a mortgage on Obligor's ~rea1 estate situated at Unit 23 Rehoboth Crossing, Rehoboth Beach ,Sussex County, Delaware. This Note shall evidence, and the Mortgage given to secure its payme~tt, shall covor and he security for any future loans or advances that may be made to or on behalf of the Obligor by any holder hereof at any time or times hereafter and intended by the Obligor and the then holder to be so evidenced ancf secured as tivell as any sums paid by any holder hereof pursuant to the tennis of the tVlorigage and any such loans, advances or payments shall be added to and shall bear interest at the same rate as the principal debt, which interest rate shall be payable until the obligation is paid in full (even after judgment). In case default he made for the space of thirty (30) days in the payment of any installments 01~ principal, or interest, or in the performance by the Obligor of any of the other obligations of this Note or the N[ortgage, the entire unpaid balance of the principal debt, additional loans or advances and all other sums paid by any holder to or on behalf of the Obligor pursuant to the teens of thi> Note or the Mortgage, together with unpaid interest thereon. shall at the option of the Bolder and without notice bccon~e immediately due and payable, and one. or more executions play f~rth~vith issue on any jud~~nents obtained by virtue hereof; anti no failure on the part of an_y holder- hereof to exercise any of the n~Thts hereunder shall be deemed a wai~~er of any such iight> or of any defa~ilt hereunder- ~- The Obligor hereby empowers any attorney of any Caurt of record within the Unites States of America or elsewhere to appear for the Obligor and, with or without complaint filed., confess judgment, or a series of judgments, against the Obligor in favor of any holder hereof, <~s of any term., for the unpaid balance of the principal debt, additional Loans or advances and all other sums paid by the holder hereof to or on behalf of the Obligor pursuant to the teens of this Note or the Mortgage, together with unpaid interest thereon, costs of suit and an attorney's commission for collection of ten (10%) percent of the total indebtedness, on which judgment or judgments one or more executions may issue forthwith upon failure to comply with any of the terms and conditions of this Note or the Mortgage. The Obligor hereby forever waives all right to request judgment be stricken or opened as ~~e1I as the necessity of filing any affidavit of non-military service. In addition, the Obligor waives all notice of levy as well as any right to request a release from levy from any and all real and personal property levied upon or attached. The Obligor waives all defects or irregularity in any writ ofexecution, levy, foreclosure or service as well as all legal and equitable grounds for stay or setting aside of execution or foreclosure. In addition, the Obligor waives all notice of sate. and all rights to petition to set aside any Sheriffs or executing officer's sale and waives aI1 rights to make exceptions to any Sheriffs or executing officer's distribution. The Obligor further waives the benefit of all appraisement, stay and exemption laws and all bankruptcy or insolvency laws now in fierce or hereinafter passed, any law, usage or custom to the contrary notwithstanding. This obligation shall bind the Obligor and Obligor's successors and assigns, and the benefits hereof shall inure to the Obligee hereof and its successors and assigns. If this Note is e~;ecuted by more than one person, the undertakings and liability of each shall be joint and several. This Note is secured by a Mortgage of even dare herewith upon real estate descri'oed therein. This is a contract under seal and maybe enforced under 42 PA.C.S. §5~29(B). V/~tnF cc• Beech L cy, ,L By: `_ (SEAL) Paul J. ~ c iie, Member .~ G. °~ ~~AL ~, nnifer . Ritchie, M tuber l /'~ /~~f Gam" / (~; Sender: You must seal flap before sr ippi ~ ~ ® rte/ Press here to seal. Press here to se i'res re-- ~~ N w 0 ~~ s 0. r ds~~sQ .~9 s ssa. Q ~ oaG ~~_ Q ti ~ ~' O w „~_ ~ ~ ~ ~: r~ O a a ^ ~ ~__ T ~ ~~ ~ _ ~ ~_ _~ gg~ ~ W N Q W i ~ .J N S ~ O Q •c O ~ O U (f M `.. ~ ~ y ~ W 0 ~ N ~ ^-3~ 3 a a +-00 ~F ~ U Ri ~C~e-