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HomeMy WebLinkAbout06-22-12 G7 C C?~ =r~ ~~y~~ r C7 ~- ,. - : C- , ~` C ~ ~ Richard F. Rinaldo _a - -, Pa. I.D. No. 33222 ~ Williams Coulson Johnson Lloyd Parker & Tedesco, LLC One Gateway Center, 16th Floor Pittsburgh, PA 15222 (412-454-0200 Attorneys for Barbara M. Mumma ,~-. ~ r~ ~ . '"' c._ r'_, C7 r;; f ,_ i C..~ n~ f~ r j ', ~ - i _.~ __ ~~= ;~~~ ~,7 c~ ~ THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION In re: Estate of Robert M. Mumma, Deceased. No 21-86_398 RESPONSE OF BARBARA M^MUMMA INDOPPOFCTAO FTO In accordance with the Rule to Show Cause issued by this Court on June 7, 2012, Barbara M. Mumma ("Babs Mumma"), by her attorneys, Williams Coulson Johnson Lloyd Parker & Tedesco, LLC, hereby files and serves Barbara Mumma's Res onse in Opposition to the Petition to Authorize Sale of Real Estate (the "Peti- P tion" and respectfully requests that this Court not grant the relief requested by the Petition. Answer 1. Babs Mumma hereby incorporates herein paragraphs 1 through 12 and the New Matter set forth in the Response of Barbara M. Mumma in Opposition to Petition to Authorize Plan of Liquidation. 2. Admitted. 3. Admitted. 4. As to the allegations of paragraph 4 of the Petition, a copy of the Agreement Among Tenants-In-Common made as of December 19, 1986 is at- tached hereto as Exhibit 1 and is hereby incorporated herein by reference (the MRA I Agreement"). Assuming that the undivided 81.82507% interest previously held by the Estate of Robert M. Mumma, deceased is now held by the Residuary Trust, it appears that the percentage interests recited in paragraph 4 of the Petition are accurate. 5. As to the allegations of paragraph 5 of the Petition, Babs Mumma de- nies the allegations in part and as stated. Babs Mumma avers that Mrs. Morgan currently, in her capacity as Trustee of the Residuary Trust, controls an undivided 81.82507% interest in MRA I. Babs Mumma has no reason to dispute that, in her capacity as Executrix of the Estate of Barbara McK. Mumma, Lisa Morgan con- trolled or controls an undivided 1.22120% interest in NIRA I, although Babs Mumma is informed and believes that the Estate of Barbara McK. Mumma has -2- been closed. Babs Mumma further avers that, in her individual capacity, Lisa Morgan owns an undivided 4.23555% interest in MRA I. Although the three per- centages of undivided interest in MRA I to which paragraph 5 of the Petition refers mathematically total greater than 50% of the total undivided interest, that fact that the three interests together total more than 50% is not material, given the express provisions of the MRA I Agreement itself, which mandates that the interest held by each of the parties is an undivided interest and no owner "shall dispose of, sell, transfer, assign, convey, mortgage, pledge, grant a security interest in, hypothecate or encumber part or all of his or her undivided interest in the Premises without the prior consent of the Owners, and any such transaction purported to be accom- plished contrary to the provisions hereof shall be absolutely void." See MRA I Agreement, ¶ 3(b). 6. As to the allegations of paragraph 6 of the Petition, Babs Mumma re- sponds that she lacks information sufficient to respond as to whether Mrs. Morgan currently remains the sole shareholder, director and officer of Mumma Realty As- sociates, Inc. However, Babs Mumma avers that, according to the Pennsylvania Department of State, Corporations Bureau, as of June 20, 2012 Robert M. Mumma II is listed as the Treasurer of Mumma Realty Associates, Inc. As to whether Mrs. Morgan currently holds the position of "Manager" of MRA I pursuant to paragraph 1(a) of the MRA I Agreement, Babs Mumma responds that, assuming that Mrs. -3- Morgan does currently hold the position of Manager, paragraph 1(e)(i) of the NIRA I Agreement expressly provides that "no Manager (or Owner) on behalf of the Owners, without the consent of the Owners, shall have any right or authority im- plied or apparent: (i) to sell or encumber the Premises or any part thereof or any interest of an Owner therein except as provided in Section 3 below ...." See MRA I Agreement, ¶ 1(e)(i). 7. Admitted. 8. As to the allegations of paragraph 8 of the Petition, Mrs. Morgan clearly desires to sell certain parcels of real property, including those to which the Petition refers in paragraph 8 of the Petition. However, Babs Mumma avers that the asset of the Trust at issue is an undivided 81.82507% interest in NIRA I, and it is not title to ownership of the real estate in question. Babs Mumma further admits that the summary of appraisals dated July 17, 2010 appears to value the parcels which Lisa Morgan seeks to sell at $205,000.00.1 As to the remaining allegations of paragraph 8 of the Petition, regarding the alleged Agreement for Purchase and Sale, a copy of which document is attached as Exhibit B to the Petition, Babs 1 There appears to be at least a minor discrepancy between the summary of ap- praisals contained in Exhibit A and the alleged "Agreement for Purchase and Sale" attached to the Petition as Exhibit B. The appraisal refers to the property (which consists of two parcels) as aggregating 2.18 acres. The Agreement for Purchase and Sale, in Recital A thereof and in Exhibit A thereto, refers to 2.17 acres of real property. It is not clear whether this is a typographical error or whether 0.1 acres of real property is being reserved. -4- Mumma was not involved in any negotiations or discussions leading to the alleged execution of this document, and was not privy to any discussions or agreements concerning the circumstances under which Lisa Morgan is attempting to have the sale take place. However, Babs Morgan avers that the alleged Agreement for Pur- chase and Sale attached as Exhibit B to the Petition ("the Proposed Purchase Agreement") is void on its face. The document recites that the "Seller" is Mumma Realty Associates, I. However, the Proposed Purchase Agreement lists only the Residuary Trust of Robert M. Mumma, Sr., the Estate of Barbara McK Mumma and Lisa M. Morgan, individually, as the holders of an interest in MRA I, and does not identify or even imply that Babs Mumma, Robert M. Mumma, II and Linda M. Mumma also hold undivided interests in MRA I. There is nothing in the Proposed Purchase Agreement which indicates that the prospective buyer, BT-NEWYO, LLC, has even been informed that there are three other persons who own undivid- ed interests in the real property subject to the Proposed Purchase Agreement and that, without their consent, which Lisa Morgan has not even sought, much less re- ceived, Lisa Morgan cannot convey clear title to the property in question under the terms of the governing contract, the MRA I Agreement. Babs Mumma was not consulted prior to the signing of the Proposed Purchase Agreement and, on infor- mation and belief, RMM II and Linda Mumma also were not consulted. Moreover, Paragraph 3(b} of the MRA I Agreement prohibits Lisa Morgan from conveying or -5- seeking to convey the property in the manner in which Lisa Morgan seeks to have this Court approve. See MRA I Agreement, ¶ 3(b). Even more, the unequivocal language of the MRA I Agreement declares that "any such transaction purported to be accomplished contrary to the provisions hereof shall be absolutely void." Id. 9. As to the allegations of paragraph 9 of the Petition, Babs Mumma de- nies that Lisa Morgan is entitled to any order from this Court authorizing her to proceed with the sale of the Real Estate as described in the Petition. To the contra- ry, any order of this Court must deny the Petition and deny any such authorization without the express agreement and consent of Babs Mumma, RMM II and Linda Mumma, each of whom has an undivided interest in the real estate which Lisa Morgan now seeks to sell. The Residuary Trust does not own the real estate in question. Lisa Morgan has proceeded to enter into the Proposed Purchase Agree- ment in clear and unequivocal violation of the express terms of the MRA I Agree- ment . This Court therefore lacks the jurisdiction and authority to permit such conveyance. WHEREFORE, Respondent Barbara M. Mumma respectfully requests that this Court deny the Petition and the relief requested by Lisa Morgan. -6- New Matter 10. Babs Mumma hereby incorporates herein by reference the New Mat- ter set forth in the Response of Barbara M. Mumma in Opposition to Petition to Au- thorize Plan of Liquidation, filed in this matter and served on Apri126, 2012. 11. Babs Mumma has received no information concerning the financial condition, assets or obligations of the Trusts since the last day in which a heari ng was conducted before the Auditor, and has no current information with res ect to p the financial condition of the Trusts. 12. No appraisals have been done for any of the properties to which the Petition refers since 2010, and as to certain of those appraisals, there is substan ' teal question as to their accuracy or reliability. 13. A true and correct copy of the NIRA I Agreement is attached hereto as Exhibit 1. 14. Paragraph 1(e) of the MRA I Agreement provides as follows: "no Manager (or Owner) on behalf of the Owners, without the consent of the Owne rs, shall have any right or authority implied or apparent: (i) to sell or encumber t he Premises or any part thereof or any interest of an Owner therein except as rovide p d in Section 3 below." See MRA I Agreement, ¶ 1(e). 15. Paragraph 3 of the MRA I Agreement prohibits Petitioner from sellin g or conveying the real estate which is the subject of the Proposed Purchase Agree- -7- ment "without the prior consent of the Owners and any such transaction purported to be accomplished contrary to the provisions hereof shall be absolutely void." See MRA I Agreement, ¶ 3(b). 16. Paragraph 3 of the MRA I Agreement also requires that Petitioner no- tify Babs Mumma of her intention to sell or convey the property in question and "gives the other Owners the first right to purchase the portion of the interest of such Owner in the Premises sought to be conveyed." After receiving such notice, Babs Mumma and the other owners so notified "shall have a period of 60 days within which to accept or reject the same by notice in writing to the Offeror." See MRA I Agreement, ¶ 3 (b).2 17. The Petition does not claim that Babs Mumma was given a right of first refusal as required by the MRA I Agreement. 18. Petitioner has not given Babs Mumma the notice required under the MRA I Agreement and did not offer Babs Mumma a right of first refusal in 2012 prior to entering into the Proposed Purchase Agreement. a It may appear that there is an inconsistency between paragraph 1 of the MRA I Agreement and paragraph 4 of the MRA I Agreement as to the circumstances un- der which property can be sold. However, despite the language of paragraph 4 of the MRA I Agreement, it is clear that paragraph 1(e) of the MRA I Agreement mandates that no owner or combination of owners can "sell ...any interest of an Owner therein except as provided in Section 3 below." Id. (emphasis supplied). Paragraph 1 of the MRA I Agreement does not state, "except as provided in Sec- tion 3 and 4 below." Under the current circumstances, Babs Mumma respectfully submits that Paragraphs 1 and 3 of the MRA I Agreement control. -8- 19. In the event that Petitioner transfers her interest and the interest of the Residuary Trust in the real estate in question pursuant to the proposed Agreement of Sale, Babs Mumma will still retain an undivided 4.23555% in the real estate in question. 20. The proposed Purchase Agreement between Petitioner and BT- NEWYO, LLC does not identify Babs Mumma, RMM II and Linda Mumma as having an undivided percentage interest in the real estate in question, either in the Recitals or in the proposed signature sections. 21. The Petition fails to state a claim for which relief can be granted be- cause the court lacks the authority and jurisdiction to require Babs Mumma to con- vey her undivided 4.23555% interest in the real estate in question over her objection and, presumably, the same would be true for RMM II and for Linda Mumma. 22. The Petition fails to state a claim for which relief can be granted be- cause the relief sought would clearly impair the obligation of contract and would countenance and authorize Petitioner to violate the MRA I Agreement with impuni- ty. 23. The Petition fails to state a claim for which relief can be granted be- cause paragraph 6 of the MRA I Agreement is an Arbitration Clause which requires the parties, in the event of a dispute, to submit their dispute for "conclusive resolu- tion" by a single arbitrator in Dauphin County, PA, in accordance with the rules of -9- merican Arbitration Association. See MRA I Agreement, ¶ 6. See also Pa. the A 028 a 6 (agreement for alternate dispute resolution); 42 Pa.C.S. § 7304(a) R.C.P. 1 ()( ) a lication to a court to compel arbitration in the event that an opposing party (on pp to arbitrate, "the court shall order the parties to proceed with arbitration"). refuses Babs Mumma has not waived and does not waive her right to demand 24. arbitration of this dispute. The real estate in question appears to be identified as item No. 11 in 25. ar of A praisals for the Marital and Residuary Trusts attached to the the Summ y p -filed Petition to Authorize Plan of Liquidation, identifying the properties previously Nos. 63-024-102 and 62-024-112, showing a claimed appraised value of as Tax ID $205,000. The real estate in question is contiguous to a 61-acre property owned 26. ali Co oration, which is identified as item No. 4 on the Summary of Ap- by Bob ~ or the Marital and Residuary Trusts attached to the previously-filed Peti- praisals f Authorize Liquidation, identified as Tax ID No. 63-024-039, and showing a tion to raised value of $2,300,000, which is more than ten times the claimed claimed app raised value of the real estate in question referenced in paragraph 23 above. app 27. Babs Mumma is informed and believes that the sale of the real estate tion identified in paragraph 23 above will have a substantial deleterious im- m ques pact on the value of the property owned by Bobali Corporation. -10- 28. Babs Mumma is informed and believes that the sale of the real proper- ty in question to a third party as set forth in the Proposed Purchase Agreement will eliminate a substantial means of access to the property owned by Bobali Corpora- tion, and will make development, subdivision or sale of the property owned by Bobali Corporation significantly more difficult and costly. 29. The shareholders of Bobali Corporation include the beneficiaries of the Trusts. Mrs. Morgan has averred in separate litigation pending in the Court of Common Pleas of Dauphin County that the Marital Trust owns 14.28% of the shares of Bobali Corporation. See Morgan v. Mumma, Civil Division No. 2010-cv- 11490-EQ (C. P. Dauphin Co.) 30. If the sale of the real estate in question diminishes the value of the property owned by Bobali Corporation, such diminution will also necessarily di- minish the value of the stock in Bobali Corporation owned by the Trust. 31. Babs Mumma is informed and believes that, given that Mrs. Morgan has represented that the proposed purchaser under the Proposed Purchase Agree- ment wishes to use the real estate in question as a parking lot, Mrs. Morgan and the other parties in interest who own undivided interests in 1VIRA I should investigate the possibility of negotiating a lease rather than an outright sale, retaining the possi- bility and right of access across the real estate in question to retain access to the property owned by Bobali Corporation. -11- 32. There are substantial alternative methods for disposition or distribu- tion of the assets of the Trusts which would vastly be in the better interests of the four beneficiaries of the Trusts, including Lisa Morgan herself. Liquidation of the assets and sale of all the real properties, including the real estate in question in the Petition, would not only be premature, but also would be economically disadvanta- geous to the beneficiaries and clearly not in their best interests and would violate both the express provisions of the Will and the intent of the Testator. 33. To the extent that Mrs. Morgan seeks to sell the real estate in question to provide cash to the Trusts in order to satisfy financial obligations of the Trusts, such sale clearly is not necessary at this time because there are substantial and suf- ficient alternatives available to provide sufficient liquid revenue to satisfy such ob- ligations. WHEREFORE, Respondent Barbara M. Mumma respectfully requests that this Court deny the Petition and the relief requested by Lisa Morgan. WILLIAMS COULSON JOHNSON LLOYD PARKER & TEDESCO, LLC B Y• Richard F. Rinaldo Dated: June 21, 2012 Attorneys for Barbara M. Mumma -12- 1 ~1.gr~, P~EALTY P.SSDCIATES AGREEMEl~T AMONG TENANTS-IN-COMMON AGREEMENT made as of the 19th day of December, 1985 b and among the persons whose signatures appear at the end Y of this Agreement, hereinafter sometimes individually called an "Owner" and collectively the "Owners." WHEREAS the Owners own 100% of the. real property which was conveyed into the name of Mumma Realty P_ssociates, having Originally been owned by Kim Company, a Pennsylvania corporation; by its jfli.nt deed of ICam cempaa?Y and Pennsylvania Supply Company, Harrisburg, Pennsylvania, dated DocP~er ~ g ~ 1986, in connection with the liqui dation of said cDrpDratioi7S acid ?°eCOrded as ~g`t forth ~n 1';nneX A L1 E'YeL-~ ' ~ A ~ e "Premises") , .as tenants-? n-CDIItIIlon, (hereinafter cal_~d ~h with undivided percentage interests therein presently as set forth on the signature page hereof, and wish to enter ~ntD this Agreement to provide for the management and ultimate disposition of the Premises and to govern the relationship among themselves during the period Of'their joint ownership- NOW THEREFORE, the Owners, in consideration of the mutual promises expressed herein and each intending to be legally bound hereby, agree a5 follows: A pointment of Mana er • P.uthorit 1. The Owners shall select a person (or (a) ent for the Dwners in the management of persons) to act as ag erson (s) the Premises as.hereinafter set forth, and such P s ~ teem-ent u on acceptance of the terms and conditions of thi g P Any Manager shall become manager hereunder (the Manager")• a resign at any time- Any Manager may be removed by m y Bement of the Owners . The initial Manager shall be t e agr indicating ehecuted the last page hereof , corporation having its acceptance of the terms of this ~gr~ement. (b) The Manager shall have the following for and on behalf of the duties, rights and authority, owners: available space ~ n the 1.:...., (i\ T~ Gt d'Y el Ll~C JJ plans, circulars Premises through the use of renting-signs, and other-forms of advertising acceptable to the Owners. . ( ii) T 6 r~Flt ~pa~~ n6w 6~ ~ierEai ter vacant to desirable tenants on terms and conditions becoming ca±i cf?,r~finry t~ 4,_ha flc;rnor'S. (iii) To collect all rents and other income payable with respect to the Premises. To institute legal actions or (iv) roceedings for-the collection of delinquent rents and other P- -2- _ from the .Premises and for the dispossession .of tenants income . or other persons therefrom. (v) To make or cause to be made all necessary repairs to the Premises, to purchase all necessary u lies and materials, and to do all other things necessary s pp a clean, safe and orderly to maintain the Premises in state condition and to ensure compliance with all federal, and local statutes, ordinances, rules and regulations. applicable to the operation of the Premises. (vi) To contract for electricity, gas, t 1 'a U1.c'aillilg J Yost vvii r v a'Z tGl'G~11 CJlle w111uvw ' ~J f fiici Gib., "viatc%, ,ch other services as shall be necessary and advisable f or sL th° D. ^pcr op_Z"ctlon of Lho P_ ~'-Tlicea ° (vii ) To DarfDrlll all other services protection, maintenance reasonably necessary for the care, 'on of the Premises and the prevention of waste, and operate damage or injuiy thereto. (viii) To hire, discharge and supervise ersons employed to carry out Manager's duties hereunder, all p of or to contract with any other entity for the furnishing uch services. Any employee hired in the management of the s remises shall be the employee of the Manager and not of t e P Owners. -3- (ix) To prepare and file all forms for unemployment insurance, withholding taxes, social security tares, workmen's compensation and other forms required by federal, state or municipal authorities in connection with employees, if any, employed by the Manager in the operation of the Premises . (x) To establish and maintain complete and orderly files containing correspondence, rent records, payroll records, insurance policies, leases, receipts, unpaid bills, vouchers and all other documents and papers pertaining to the Premises and the management and operation thereof, all of which shall be and remain the property of the owners and shall be available to any Owner and his or her rcp~°csC.ntatlV~s for ii1~p2C~1Cn. fxi) To review all bills and statements received for services, wor}:, supplies and other expenditures incurred by or on behalf of the Owners in connection with the mainienance, operation and ownership of th.e Premises and tb pay or cause to be paid in a timely fashion all e}:penses ~~~F ri sppa i pp v+~+. rlo+- ? r7 1-,~~ t}-:e Ilirttnorc 11LLLhVLlU G1.d. 1G1ti=u11\.lGl LL U~J t.Jl /~Y CU. /~' (xii) To review periodically all hazard, liability and other insurance carried for the account of the Owners in connection with the Premises and to maintain in r__~_ the Manager 1VLLC and cffeCt SiiCli liisLlrailGc Co'rcrage as reasonably deems necessary to protect the Owners' and the -4- Manager`s interests, but not less than sufficient coverage and limits of liability. (xiii) To establish and maintain accurate and complete books of account with proper entries of all receipts, income and disbursements pertaining to the Premises, which books of account shall be and remain the. property of the Owners and shall be available to any Owner. and his or her representative for inspection, and to prepare annual financial reports for the Owners. (c ) Advances by Manager . Payzaents to be made by the Manager at the Owners' expense shaii be mauc oLLt of funds held by the Manager from time to time fQr"the account a by ~h€ Dwner s . mhe of the Owfl~rs 6r 6ther"w:i5e provideu Manager shall not be obligated to make any advance to or for the accQUnt of the Owners or to pay any amount except out of funds held for or provided by the Dwners. If the Manager voluntarily advances funds for the Owners' account for the +he D~,Tners ~ pr; o,- payment of afiy expense not requiring 4 approval, the owners shall reimburse the Manager therefor on domand; (d) Bank Accounts. P.11 monies received by the Manager for or on behalf of the Owners shall be deposited in a special account to be maintained by the Manager with a bank appro`~'°d ~~1' ±he O~Jr.ers , The Manager shall remit to the Owners monthly, on or before the fifteenth day of each month, -~- all funds (other than security deposits and other refundable deposits) held by the Manager for the Owners' account and not applied to the payment of the Owners' expenses as herein provided, after (i) deduction of any management f ee due to the Manager and (ii) retention in said special account of such reserves as the -Owners may authorize. If security deposits or other funds are required by law to be held in a segregated account and are, by .law, allowed to be held by the Manager, such deposits or funds shall be held in a separate special account at such banY.. Monies held by the Manager for the owners' account shall in no event be commingled with the tiailagCr's owi, fiinci5, ii airy, 6r witri funds, :if any, held icy the Manager for the accQUn± .cf other parties, anc~ all such funds so held for the Owners' acceurt shall be t?-~,:st f'lnds in tine hands of the Manager. (e) Notwithstanding the foregoing, no Manager (or owner) on behalf of the Owners, without the consent of the OWI12r5, shall have any right or authority implied or apparent: (i) to sell or encumber the Premises or any part thereof or any interest of an Owner therein ea:cept as provided in Section 3 below; (ii) to remove or demolish any buildings or other improvements which comprase part of the Premises or make any exterior alterations or structural interior -6- alterations to any improvements unless such be necessary for clear safety reasons or in order to comply with governmental requirements. (iii) to to}~e any other action unless the authority is specifically and expressly set forth rierein. 2. Allocation of Income and Expenses. Payments hereunder shall be paid to the Owners in accordance with their respective percentage interests in the Premises. The Owners shall advance or cause to be advanced, in accordance with their respective percentage interests, funds from tl~e tD tlme as may be required tD pay .for the maintenance and operation of the Premises, including interest and pri_^.C~.pal on any loans, real estate taXeS, insurance,. repairs, work ordered by public authorities and for the cost of ar.y i mprovement thereon.. ~hDUld_ a=ny Q~-'??e= far any reason fail or refuse to advance or cause to be advanced his or her proper share of funds required, then, at the option of the other owners, they shall have the right to acquire tl-ie enure lnterast of such delinquent owner at fair market value (defined below) or to Charge th4 delinque-~t owner and to recover said sum plus any costs, including attorney's fees, from such Owner (including from future payments hereunder to which such Owner would Qther-wise be entitled). By execution hereof, each of the Owners hereby transfers to such Manager his or her respective interest in -7- all of the receivables, and all other non-real estate assets originally held by Kim Company, Harrisburg, Pennsvlvani a and distributed in the aforesaid liquidation transaction as an advance toward the funds requirement mentioned in the preceCino paragraph (e>;cept for $272,617.95 being distributed to the individual Owners in lieu of Union Quarries, Inc, stock, which amount shall be held by Manager for distribution to them in 1987). 3,. No Partition• Restrictions on Alienation• Option at Death. {a} No Owner shall .seek to have the Premises partitioned. (b)~ Except as hereinafter provided in this Section, no Owner shall dispose of, sell, transfer, assicrn. convey, mortgage, pledge, grant a security interest in, hypothecate or encumber part or al 1 of his or her undivided interest in the Premises without the prior consent of the Owners and any such transaction purported to be accomplished contrary to the provisions hereof shall be absolutely vai.d. An p~;r;-nor *~41T .^.C:1V~y (bi' :;~Y' Of s~l~ 1ft C y r otherwise) part or all of such Owner's interest in the Premises only if he or she first notifies the other Owners of the intention so to proceed and gives the other owners the first right Lo purchase the portion of the interest of such Owner in the Premises sought to be conveyed ("offered Interest") (i) at the purchase price and upon the other terms -B- of sale offered or.proposed to be offered, or intended to be accepted by such Owner if the proposed conveyance is a sale to a third party or (ii) the fair market value of the interest (as defined in this paragraph below) if the proposed conveyance is a gift (in whole or in part). Upon receipt of a notice of intent to transfer .and convey any interest in the Premises ("Transfer Notice") from . .. an owner ("Offeror"), the owners recelving same ("Offerees") shall have a period of 60 days within which to accept or reject the same by notice in writing to thie Offeror; and failure to give notice of acceptance or rejection shall be deemed to be a rejection of the offer reflected by the Transfer Notice. In the case where the price to be paid .for the i ~toract i ~ t~1e fair War et v lue ti:°_=eD'F, the 'Tr~nefc?r Notice shall be acco~r~par.ied by a °~Tritten appraisal thereof dated within 90 days of the date of the Transfer Notice, prepared by a person who is a duly qualified appraiser doing business in the area of the Premises. If the Offerees receive a Transfer Notice ?rL~~??lpai"Iied hV ?T1 appraical aT1f~ LliC}1 to ?r_rPp'r t}lt? C~f'~Pl' but are not satisfied with the purchase price which would be required to be paid based on such appraisal, the Offerees may conditionally accept the offer contingent upon obtaining a satisfactory alternate appraisal to be provided by th e Offerees to the Offeror within 45 days after the Offerees -9- have acce ted the offer effected in the condit~.onally P y Transfer Notice; and if the Offerees do so submit an eriod (by a duly alternate appraisal within such 45-day p al ified appraiser doing business in the area) the purchase rice to be paid by the Offerees shall be the average of t e P raisal is not greater 1 raisals, provided the higher app- ~wo aPP 110 of the lower appraisal. If the higher appraisal is than raisal, the two more than 10~ higher than the lower app ' prs shall promptly select a third appraiser, and the appra15~ fair market value shall be the average of the two appraisals. closest in value. If the Offerees do not submit an alternate 1,,, ~c~.7 ->,: .'' .7 Cffnra°s cha 11 hA ~ppraisai w ithiii s iicu ~ ~ unY p==,i0u ~ th ~ oonod to have revoked the acceptance of the offer stated in d..~ a 5-day wi+~hin such r r? t:.ce Lnl o=~ the pfferaes the Transfer o' i that the period yive~notice to the Offeror in wr-ting P t rest in th° r ees are prepared to purchase the zn Offer . premises on the basis stated in the Transfer Notice and at the purchase price determined from the appraisal which accompan:.ed it ' ~~ ~r:;hether Within 90 days cif tii~ ^viiez'ees' accep~ance , conditional or unconditional) of an offer reflected in a Transfer Notice (or if further appraisals are involved and the fair market value to be established thereby has not been resolved within such 90-day period, then within 15 cats 1 •~' a the determination of such value and the resultant fol_o~~n, purchase price), the sale of the. interest in the Prem~.ses -10- shall be consummated. At such time the interest in the Premises shall be transferred and conveyed to the off erees by deed in form satisfactory to the Offerees' counsel or title insurer, and the purchase price shall be p-aid by the Offerees on condition that the title and interest being transferred is free and clear of all liens, encumbrances, easements and other matters affecting title (other than those which affected title upon the acquisition: of title by -the Owners or those agreed to by the Owners) except those acceptable to the int°_rest is so insurable at regular Offe,-ees and that th... rates by a title company approved by the Off erees, as good and marketable, at the expense of the OffereBS, Realty ~.,.,- a niid e}:~ciiScS aS a.r c har s tr ans f ~r tPix eS Mild atlici c y -' ustomarily apportioned and adjusted between seller and buyer c shall be apportioned and adjusted between the Parties as of the date oz closing. If the other Owners do not e}:ercise their option within the time provided the Offered Interest, the Offeror ruay convey such interest as proposed in the Transfer ivotice, if the person(s) to whom such interest is proposed to be transferred agrees in writing to be subject to all of the terms of this Agreement with the same force and effect as if such person(s) had owned such interest at the time of the execution of this Agreement and had signed this Agreement as an Owner. -11- of an Owner, the other (d) Upon the death all have the right to purchase the entire interest owners sh eceased owner in the Premises for fair market v clue of the d fined below) within six months of the death of such (as def deceased Owner. overall management Owners. General, 4. Action b all matters arising out of or in of the Premises and of a sale or mortgage of connection with the Premises, including Premises or any part thereof, shall be vested in the entire abide by the policies the owners jointly and each owner shall a reeme-~t, approval , and decisions in respect thereof. AnY q` consent, requ°st or other action of the Owners decis1Oo,- hall b°- b~ m=7or"ty (`n Interest) vc±e ar.d ~n hereund-_ .- writing unless otherW15e indicated. Z'ab lity; Indemnit NQ Owner (or Manager, 5• , ~ other i also an Dwner) Shall be liable to any if he or she s ~}~en or er -for anY mista}-e of judgment or other action t_ Own regiment ted in good faith. Anti' Owner who breaches this Ag om1t mss from anY other Owner harTril" shall indemnify gild hold every reason of ~ .m cost, eypense, loss or liability incurred by c_a1 f such Owner's breach of this Agreement. dispute with 6. Arbitration. If there is anY concerning the other matter respect to the premises or anY s and obligations among Premises or the proper relationship as co-tenants or parties to this Agreement, such the owners -12- . 's ute at the option of any Owner shall be conclusively di p ved by arbitration before a single arbitrator in Dauphin resol Pennsylvania in accordance with the rules of the County, ,-esultin The decision `~ American Arbitration Association• on all the Owners with from the arbitration shall be binding er tribunal, and any no rights of appeal tO a court or any oth . ~ a enforce the decision of the arbitrator in a court owner m Y of competent jurisdiction. ~ • Judrn¶?1e_ In the event a judgment is entered (a) r'-s to be a ~ ien ~g~~ nst '~1~e ~ 7 a i n ct an (~~,tr~er calf i c~h purpo- ~- r such owner's interest therein, he or she will premises ° immediately satisfy .the judgment or enter a bond in suY f iciest ari6urit 6r take such other actlofl as is fiecessary ainst the Premises. to preclude execution on said judgment ag such action to}•en by Owner shall be solely for the Any ri hts benefit of the other owners, and shall not affect any g oz remedies which such Owner may hate against the person holding such ]'sd~ent. (b) Notwithstanding the forego~.ng, in the eat that execution on such judgment is not thus precluded ev 'thin 30 days of the judgment having been entered or on the wi CG1llllle llG Cllle llt Gf aiiy action recj,ar~i i15 C3 ex~~u ti6r7 On t7ie rl pr then the D`~her Owners have judgment, whichever is ea__i.- , the right to bond or satisfy the judgment and obtain -13- forthwith from the party against whom the judgment k=as entered without prejudice to any owner's right to contest the judgment a deed fcr such party's undivided interest in the Premises in e~;change for which such other Owners shall pay the fair mar}let value of such interest; and any amount paid to satisfy the judgment plus legal expenses and all costs incident thereto shall be credited against such amount. B. Termination. This Agreement shall terminate on the sale or other disposition of all of the Premises and the distribution to the Owners of all of the net proceeds thereof, or at such other time as the Owners may agree. 9.. Binding Effect; Effect on Transferee, This Agreement contains the entire understanding among the owners with respect to the p_e_~ise_ and may not be changed or modified orally. This Agreement shall inure to the benefit of and shall be binding upon the heirs, personal representatives and permitted assigns of the Owners. Whenever any person acquires any interest in the Premises upon the de~~th of an Ow;,er ~r otherwise, other than pursuant to a sale, lease, pledge or other disposition of the interest of all owners in a tract or parcel constituting a part of the Premises, such interest so acquired shall be subject to all of the terms of this Agreement with the same force and effect as if such person had owned such interest at the time of the execution or thi s ngreer„e-,t ar~d had signed this Agreement as -14- ^ caner. However, this Agreement shall not be recorded by an O any Owner without the consent of the Owners. 10. Fair Mar}:et Value of An Interest• Ot~tions. For purposes of this Agreement: (a) The fair marY.et value of an Dwrer's interest in the Premises or any part thereof shall equal the ercentage of the fair market value of the entire Prem?Se5 0,- P such part thereof corresponding to his percentage Yinterest therein. The fair market value of the Premises of such part thereof shall be as the parties to the pertinent transaction ~,. ne on such value, the may agPPe. If such parries cannot agr.- fair u~arket value of the Preniis.es or such part thereof shall be dete?~nin.ed by a qualified appraiser selected by such _ -aiser, by _. artier car_not ?g?-ee on an aPF- p~.~.'i"'t~oS ~ Or i f ~t~ch p a qualified appraiser selected by the then Chairman of the Lewis & personal Law Section of the law firm of Morgan' $DC}:luS. The fair market value fixed by such appraiser shall be final and bindwng Qn all parties= The fees and expenses ally among all parties of an appPaisal snail be d1vlced equ ' volved in the transaction (without regard t° theix In percentage interests). (b) An option e>:ercisable by more than one Owner shall be e5:ercised, by the Owners who choose to anticipate, in the proportion their respective percentage P -15- interests in the Premises at the time of the exercise of the option bears to the percentage interests of all Owners who choose to participate, unless they otherwise _agree. 11. Execution of Carve-Out A regiments. Eacri Owner shall, promptly following the request of a majority (in interest) of the Owners, execute an agreement among the of this Agreement, with Owners ,_ in substantially the form respect to any one or more tracts or parcels constituting a. rgigiment part of the Premises, and such amendments to this Ag. as shall be necessary to cause the Parties' agreements with respect to such tracts or parcels to be governed by such replacement agreement and not by this Agreement. .-~-; 'o clot intend to hTc Part shin. The pal_ ~_es a 12. `ner partnp,-shi p or joint venture between create hereby any themselves with respect to the Premises or any other mat ter . This Agreement is solely f or the benefit of the Owners and shall not affect any rights or remedies of other parties with v1%T 111 Vl Vll~ F1 ~1Lllj=s• p~ + tv ~iiiy r~s c~ 13, Not_ ces. Ali notices or other communications required under or relating to this Agreement shall be effective only if in writing, and shall be personally delivered ox transmitted by telegram or telex, or shall be mailed United States registered or certified mail, return receipt recTUeSted., postage Prepaid, to the Qther respective arty at his or her address below set forth, or at such other P -15- address as such other party shall designate by notice, and shall be effective when delivered to such address. Any official U.S. Postal Service delivery receipt shall constitute conclusive proof of such delivery. 14. Further Assurances. Each Owner shall, promptly following the request of the Owners from time to time execute, acknowledge, deliver and record or file such Further documents or instruments and do such further acts as .may be necessary or desirable to carry out more effectively the purposes of this Agreement or to protect the rights and interests of the Owners against third parties, and pay any costs personally incurred in connection therewith. If any Owner shat l refuse er ot}?erwi se fai 1 t0 ex?CUte any deed or other instrument necessary or desirable to carry out any of the purposes under this Agreement or to effectuate a decision VL Ll]e VW]1CLa L11~LCLL]1LL C1 W1 Lll LGJiJ el:4 4V 1.11e S'L CII1LDeS, Ur Ll!]y part thereof, the ®ther Owners shall be entitled to specific performance of the obligation to execute such deed or other +,~,,.... ~ ding i ii W h i c h t~ •L •~• F VCeC Lnstr ume!!t togs L•L1CL R 1 l-h all cUj L.7 0l 6-1 ~ YL SLCh SpeCi fiC perfQrma?~r~e i c nl~tair~arj and roaSOnabl° ro'..tnSel fees expended therefor. As further assurance of the foregoing obligation, each Owner hereby names .each of .the other owners, with full power of substitution, as his, her, 6r its attDrn~y-ifi-faC~. coupled with an interest tD execute any such deed or other instrument to carry out any of the purposes of this agreement or to effectuate a decision of the -17- and on behalf of such rs thereunder, in the name of owne To facilitate the refusing or otherwise failing owner. the such deed Dr other instrument, each of reCO-rding of any as escrow has executed and delivered to the Manager, with respect to Owners recordable orm agent, a Power of attorney in Owners and remises conveyed into the names °f the the P contemplated by this Agreement. all issues Law. This Agreement and 15, Governing of the shall be governed by the laws arising hereunder Co~pnwealth of Pennsylvania. OF the parties hereto have caused . IN WITNESS MERE and year nts.to be duly signed and sealed the day these Prese first above written. _~ g- Percentage Interest Llsa M. Morgan,~xecutrix ) Estate of Robert M. Mumma ) 1065 Tilghman Court ) Wayne, PA 19087 j Barbara McK. Mumma, Executrix ) Estate of Robert M.~Mumma j P.O. Box 3331 Harrisburg; PA _ 17105 ) ~~ ~ ,--- z ~_ ~!'ff /'~ i~obert M . Mumma II RD ~1 Box 58 Bomansdale, PA 17008 .~~ ~~-.-rte /i7 Barbera M. McClure 129 S. Lewisberry Road Mechanicsburg, PA 17065 i iida M. Roth 16216 Pepperview Court Chesterfield., MD 63017 ...~~ Vii' fI "I~~zv~ ~ '~.r ~ T•i~Sa M. Mcrg~, ~nuivluuolly 1065 'Tilghman Court Wayne, PA 19087 :, Barbara McK. Mumma, Indlvldually P.O. Box 3331 Harrisburg, PA 17105 81.82507% 4.24708% 4 . Z3s5B% 4.23B55Q ~.23Bcc~ 1.22120 0 100.00000% -19- ~; Mumma Realty Associates, Inc., a Pennsylvania corporation, Manager under the foregoing Agreement ~..mong Tenants-In-Common, hereby accepts, and intending to be legally bound, agrees to act on behalf of the Owners in accordance with the terms and conditions of-such Agreement. MUMMA REALTY ASSOCIATES, INC. By: President P.ttest: Secretary -20- CERTIFICATE OF SERVICE I hereby certify that a true and correct copy of the foregoing Response of Barbara M. Mumma in Opposition to Petition to Authorize Sale of Real Estate was served by e-mail and by first-class United States mail, postage prepaid, this 21St day of June, 2012 to the following: Joseph D. Buckley, Esquire 1237 Holly Pike Carlisle, PA 17013 No V. Otto, III, Esquire George B. Faller, Esquire Jennifer L. Spears, Esquire Martson Law Offices 10 East High Street Carlisle, PA 17013 Brady L. Green, Esquire Morgan, Lewis & Bockius, LLP 1701 Market Street Philadelphia, PA 19103-2921 Jeffrey G. Brooks, Esquire Minto Law Group, LLC 603 Stanwix Street, Suite 2025 Pittsburgh, PA 15222 Ms. Linda M. Mumma, P.O. Box 30436 Bethesda, MD 29.&?~l Richard F. Rinaldo Counsel for Barbara M. Mumma -13- '~ ., Q ~ ~ ~ ~ - -- , ~ , _ ~ ~~ r - -~ W ~-- -_ 7 N ~ 1 ~ ~ l. ~j ~ L - - CD C - rn - .N-. ~_~ ~ ~~ ~ ~ - w ~ r N ~ ~ _ _ J W ~ - ~ N - ~_ ~ i ~ m -~ - d N r ~m __ ~= H N W "~ ~ , Q y= >~ - U 33 t~. ~'-O'_~ ~~da~X~ Send: Phase s~l~ gypping. _____~- __~___ ~~ f@dBX.COR1 1800 GoFedEx 1.800.463.3339 Y 0 a~ ~ ' ~ ~~5 I m ~~~ 'I r ~ m ~y ~ m ~3 ~i U m J ~ ~mfio_ p U U Q^ Y°~ >a va m~~„~€ 333 ~ E ' c __ • ~ °~ ~ y `J 9 Q .~ _ U 8 i om r~ NE2 `°o ym'~ m ~« ~mm ap> mi: 0~~>p u'S ~o = ~V w LLmy~§o° mE ZH° ~ ^ ^ T ~~ ~ s mop ~. . ~ Z'? m ~ a L y ~ mmz r2 -c ~ ~ ~ 'g° m' _ ~°o `m pE¢ °~m 9` >.t°a ~ ` 0.=r. . 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