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HomeMy WebLinkAbout06-25-12J 1505611185 REV-1500 EX (02-11) (FI) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN 21 11 01299 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW SOCial Security Number Date Of Death MMDDYYYY Date of Birth MMDDYYYY 11252011 07021938 Decedent's Last Name Suffix Decedent's First Name M I STOOPS CHARLES E (If Applicable) Enter Surviving Spous e's Information Below Spouse's Last Name Suffix Spouse's First Name M I Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE - - REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW ® 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (Date of Death Prior to 12-13-82) ^ 4. Limited Estate ^ 4a. Future Interest Compromise (date of ^ 5. Federal Estate Tax Return Required 6 Decedent Died Testate death after 12-12-82) ® 7 Decede t M i t i Li i d T t ~ 8 T t l N f . . n a n a ne v ng a rus . o a umber o 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 Schedule O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number STANLEY A• SMITH, ESQ UIRE 717-233-5731 First Line of Address RHOADS & SINON LLP Second Line of Address PO BOX 1146 City or Post Office HARRISBURG State ZIP Code PA 171081146 REGISTER ILLS USE OI$ ~ Q riv ~ C_,. ~ ~ ' r~_ N ' 1 E~ ~ CJ c: z -; _~ nr CJ ~ - ~: CSC` Correspondent'se-mail address: SSMITHaRHOADS-SINON•COM 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. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. Z C/ORHOADS $ SINON LLP, PO BOX 1146 HARRISBURG, PA 17108-1146 SIGNATURE O R THAN EPRESENTATIVE DATE v - ~ _ _-- ADDRESS RHOADS & SINON LLP, PO BOX 1146 HARRISBURG, PA 17108-1146 PLEASE USE ORIGINAL FORM ONLY 1505611185 Side 1 OM4647 3.000 1505611185 ~7 ~... Ca ;-T., 1 '? 1505611285 REV-1500 EX (FI) Decedent's Social Security Number Decedent's Name STOOPS CHARLES E RECAPITULATION 1. Real Estate (Schedule A) 1 19 O , 0 0 0.0 0 2. Stocks and Bonds (Schedule B) . 2 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) , 3. 4. Mortgages and Notes Receivable (Schedule D) 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) 5. 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested g. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 8. Total Gross Assets (total Lines 1 through 7) g 0.OD D•o0 0.00 49,506.00 21,509.95 1,021,566.65 1, 282, 582 • 60 9. Funeral Expenses and Administrative Costs (Schedule H). g. 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) 10. 1 1. Total Deductions (total Lines 9 and 10) , 11. 12. Net Value of Estate (Line 8 minus Line 11) 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) , . 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) 14. TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers un~er Sec. 9116 16. Amount of Line 14 t xable ~ at linealratex.o 4 1,228,366.75 1s. 17. Amount of Line 14 taxable at sibling rate X .12 D • D D 17. 18. Amount of Line 14 taxable at collateral rate X .15 ], D, D D D• D D 18. 19. TAX DUE 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505611285 1505611285 OM4648 3.000 42,044.35 2,171.50 44,215.85 1,238,366.75 0.00 1,238,366.75 0.00 55,276.50 D•oo 1,50D•00 56,776.50 REV-1500 EX (FI) Page 3 Decedent's Camnlete Addrecc~ File Number i i n~ ~caa DECEDENTS NAME T OP CH R S E STREET ADDRESS M R AN CITY CAMP HILL STATE PA ZI P 170 1- Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments 5 2, 7 2 5. 0 0 B. Discount 2 , 7 7 5.0 0 3. Interest (1) 56,776.50 Total Credits (A + B) (2) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. 55,500.00 (3) 0.0 0 (a) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 1 , 2 7 6 • 5 0 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: Y es No a. retain the use or income of the property transferred ~ ~ L~ J ^ b. retain the right to designate who shall use the property transferred or its income ~ ^ c. retain a reversionary interest ^ d. receive the promise for life of either payments, benefits or care? ^ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . ^ 3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or her death? ^ 4. Did decedent own an individual retirement account, annuity, or other non-probate property which , contains a beneficiary designation? ~ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 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 for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 P.S. §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 individual who has at least one parent in common with the decedent, whether by blood or adoption. OM4671 2.000 REV-1502 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF: FILE NUMBER: Charles E. Stoops 21 11 01299 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property that is jointlyowned with right of survivorship must be disclosed on Schedule F. swasss z.ooo If more space is needed, use additional sheets of paper of the same size. REV-1508 EX+ (t 1 ~10) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN .RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF: FILE NUMBER: Charles E. Stoops 21 11 01299 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 ~. 2001 Winnebago Adventurer RV, Ford engine, 11,373 miles, fair to poor condition 28,000.00 Valued per attached Hobbie Auctions appraisal. 2 2001 Suzuki Grand Vitara 4-door, fair condition, 52,380 miles 3,000.00 Valued per sale price. 3 1986 Chevy Suburban, 4 door, 53,604 miles, poor condition 500.00 Valued per sale price. 4 1995 Buick Park Avenue, 4 door, 31,950 miles, fair condition 3,230.00 Valued per attached Hobbie Auctions appraisal. 5 Household and personal articles 3,816.00 Valued per attached Hobbie Auctions appraisal. 6 2008 Honda Shadow converted tricycle, 750 MM, 100 miles 5,000.00 Valued per attached Hobbie Auctions appraisal. 7 Organ 5,000.00 Valued per estimate of Executor. 8 US Treasury, refund, 2011 Federal income taxes 831.00 9 PA Department of Revenue, refund, 2011 PA income taxes 129.00 TOTAL (Also enter on line 5, Recapitulation) $ 4 9 , 506.00 owasno 2.00o If more space is needed, use additional sheets of paper of the same size. REV-1509 EX+(01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY OWNED PROPERTY ESTATE OF FILE NUMBER: Charles E. Stoops 21 11 01299 If an asset became jointly owned within one year of the decedent's date of death, it must be reported on Schedule tx SURVNING JOINT TBJANfi(S) NAA~E(S) ADDRESS A Stoops II, Charles E 221 Oak Knoll Road, New Cumberland, PA 17070 JOINTLY OWNED PROPERTY: RELATIONSHIP TO DECEDENT Son fT17vl NUWBER LETTER FOR JOINT TENANT DATE MODE JOINT DESCRIPTION OF PROPEF2TY INCLUDE NANE a: FINANCIAL INSTITUTION AND DANK ACCOUNT NUM3ER qi SIM WR IDENTIFYING NUM3ER. ATTACH DEEO FOR JgNTLY HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECEDENT'S INTTB~EST DATE OF DEATH VALUE OF DECEDENPS INTEREST 1 A 8/11/1983 Sovereign Money Market Acct. #0574106985 18,246.17 50.0000 9,123.09 2 A 8/11/1983 Sovereign Bank Acct. #0571108326 24,773.72 50.0000 12,386.86 TOTAL (Also enter on Line 6, Recapitulation) S 21 , 509.95 swasAE z.ooo If more space is needed, use 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 R Charles E. Stoops 21 11 01299 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 NUMBS DESCRIPTION OF PROPERTY u~uoErr~nuv,~eoFrrerwwsFeRee,Tr+EiRReunon~swProoeceoer~rAnn rFEDA7EOFrRMiSFERATTACHACOPVOFrHEDEEDFORREALESrATE DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE ~• Merrill Lynch IRA Acct. #872- 52198 Beneficiary: Son, Charles E. Stoops, II 135,447.21 100.0000 0.00 135,447.21 2 John Hancock Venture III Variable Non-Qualified Annuity Acct. #8110510. Beneficiary: Son, Charles E. Stoops, II. 179,915.76 100.0000 0.00 179,915.76 Valued per attached letter. 3 MLI USA Variable Annuity Series L, Contract #3202120319 Beneficiary: Son, Charles E. Stoops, II. 168,718.93 100.0000 0.00 168,718.93 Valued per attached letter. 4 Transamerica IVC Inv SER NQ-L VA Annuity Beneficiary: Son, Charles E. Stoops, II. 72,344.12 100.0000 0.00 72,344.12 Valued per attached letter. Decedent established the Charles E. Stoops Revocable Trust under Agreement dated October 13, 1999, as amended. A copy of the Trust Agreement is attached. The Trust Assets are as follows: 5 25,000 Par West Mifflin PA Area Sch Dist Mat: 10/01/2020 4~ CUSIP: 954498PZ8 26,643.25 100.0000 0.00 26,643.25 Interest accrued to 11/25/2011 150.00 100.0000 150.00 6 10,000 Par SLM Corp Mat: 04/01/2014 3.68 CUSIP: 78442FBY3 9,496.88 100.0000 0.00' 9,496.88 Interest accrued to 11/25/2011 24.53 100.0000 i I 24.53 Total from continuation sched les 428,825.97 TOTAL (Also enter on line 7, Recapitulation) $ 1,021,566 If more space is needed, use additional sheets of paper of the same size. 9 W46AF 2.000 Estate of: Charles E. Stoops I Item No. Description Schedule G (Page 2) DOD Value of Asset $ Interest Exclusion 21 11 01299 Taxable Value 7 Merrill Lynch Bank Deposit Program (Acct.#872-52198) 61,914.13 100.0000 0.00 61,914.13 8 10,000 Par Pennsylvania St Univ Mat: 03/01/2026 5$ CUSIP: 709235TJ4 10,979.80 100.0000 0.00 10,979.80 Interest accrued to 11/25/2011 116.67 100.0000 116.67 9 15,000 Par Pennsylvania St Mat:08/01/2026 4.5~ CUSIP: 70914PDF6 15,883.35 100.0000 0.00 15,883.35 Interest accrued to 11/25/2011 213.75 100.0000 213.75 10 20,000 Par Pennsylvania St Mat:02/01/2018 4$ CUSIP: 709141658 21,041.00 100.0000 0.00 21,041.00 Interest accrued to 11/25/2011 253.33 100.0000 253.33 11 20,000 Par GE Cap Finl Inc Retail Mat: 10/16/2013 4.85 CUSIP: 36160UEH2 21,362.50 100.0000 0.00 21,362.50 Interest accrued to 11/25/2011 105.08 100.0000 105.08 12 20,000 Par GE Cap Finl Inc Retail Mat: 10/16/2012 4.55 CUSIP: 36160UEG4 20,681.25 100.0000 0.00 20,681.25 Interest accrued to 11/25/2011 98.58 100.0000 98.58 13 5,955.248 Shares Lord Abbett Muni Income Tr Inter Txfr C1 C CUSIP: 543912802 62,291.89 100.0000 0.00 62,291.89 14 4,384.792 Shares Lord Abbett Invt Tr Sh Dur Inc C CUSIP: 543916704 19,950.80 100.0000 0.00 19,950.80 15 2,163.246 Shares American Balanced Fd C1 C CUSIP: 024071300 37,099.67 100.0000 0.00 37,099.67 16 1,000 Shares Bank Amer Corp Var Eqty Lkd16 CUSIP: 060528120 7,560.00 100.0000 0.00 7,560.00 Total (Carry forward to main schedule) 279,551.80 Estate of: Charles E. Stoops I Item No. Description Schedule G (Page 3) DOD Value of Asset $ Interest Exclusion 17 2,000 Shares Bank Amer N A Var Cpn Nt Lkd 17 CUSIP: 06051A334 18 6,428.61 Shares Blackrock Multi St Mun Ser Tr Pa Muni Fd C CUSIP: 09253A714 19 899.317 Shares American Capital World Growth & Income C1 C CUSIP: 140543307 20 966.146 Shares American Fundamental Ines Inc Com CUSIP: 360802102 19,892.00 100.0000 70,650.42 100.0000 26,916.56 100.0000 31,815.19 100.0000 0.00 0.00 0.00 0.00 21 11 01299 Taxable Value 19,892.00 70,650.42 26,916.56 31,815.19 Total (Carry forward to main schedule) 149,274.17 REV-1511 EX+ (10.09) pennsylvania DEPARTMENTOF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Charles E. Stoops 21 11 01299 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~. Malpezzi Funeral Home Funeral and burial expenses 12,961.69 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: 2. Attorney Fees: 21 , 500.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) Claimant Street Address 4. 5. 6. 7. 1 2 City State ZIP Relationship of Claimant to Decedent Probate Fees: Accountant Fees: Tax Return Preparer Fees: Comcast, service to residence PP1 Electric Utilities, service to residence Total from continuation schedules 373.50 782.83 282.37 6,143.96 TOTAL (Also enter on Line 9 Recapitulation) ~ $ 42 , 044.35 9W46AG 2.000 If more space is needed, use additional sheets of paper of the same size. Estate of: Charles E. Stoops Schedule H Part 7 (Page 2) 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Leffler Energy, service to residence RSR Appraisers & Analysts Appraisal of residence Commonwealth of Pennsylvania, registration for motorhome The Patriot News Company Advertising Grant of Letters Testamentary Cumberland Law Journal, advertising Grant of Letters Testamentary Dauphin County Register of Wills, oath fee Hobbie Auctions, appraisal of houehold and personal articles Hampden Township, service to residence Suburban Propane, service to residence Boles Metzger Brosius & Emrick PC, preparation of 2011 income tax returns Michael Langan, Treasurer Real estate taxes Erie Insurance, house and motor vehicle insurance Rhoads & Sinon LLP, reimbursement for out-of-pocket expenses Patricia Black, title search 21 11 01299 1,890.62 400.00 81.00 168.96 75.00 20.00 225.00 310.10 76.32 350.00 452.96 1,729.00 300.00 65.00 Total (Carry forward to main schedule) 6,143.96 REV-1512 EX+ ('I2-OB) pennsylvania SCHEDULE I DEPARTMEt`lTOF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES $c LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Charles E. Stoops 21 11 01299 ' Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. REV-1513 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF: FILE NUMBER: Charles E_ Stoops o~ ~~ n~~nn RELATIONSHIP TO DECEDENT V AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] t. Charles E. Stoops II 221 Oak Knoll Road New Cumberland, PA 17070 1995 Buick Park Avenue, 4 door, 31,950 miles, fair condition Inventory Value: 3,230.00 2001 Winnebago Adventurer RV, Ford engine, 11,373 miles, fair to poor condition Inventory Value: 28,000.00 2008 Honda Shadow converted tricycle, 750 MM, 100 miles Inventory Value: 5,000.00 Household and personal articles Inventory Value: 3,816.00 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0 . 00 swasAi z.ooo Ir more space is neetletl, use atltlitional sheets of paper of the same size. Estate of: Charles E. Stoops Schedule J Part 1 (Page 2) Item No. Description 1 John Hancock Venture III Variable Non-Qualified Annuity Acct. #8110510. Beneficiary: Son, Charles E. Stoops, II. Inventory Value: 179,915.76 Merrill Lynch IRA Acct. #872-52198 Beneficiary: Son, Charles E. Stoops, II Inventory Value: 135,447.21 MLI USA Variable Annuity Series L, Contract #3202120319 Beneficiary: Son, Charles E. Stoops, IZ. Inventory Value: 168,718.93 Organ Inventory Value: 5,000.00 Sovereign Bank Acct. #0571108326 Inventory Value: 12,386.86 Sovereign Money Market Acct. #0574106985 Inventory Value: 9,123.09 Transamerica IVC Inv SER NQ-L VA Annuity Beneficiary: Son, Charles E. Stoops, II. Inventory Value: 72,344.12 100 of Residue: 605,384.78 2 Debra Ann Olsen 112 Pepper Avenue Enola, PA 17025 Son Relation 21 11 01299 Amount 1,228,366.75 Cash bequest under ART. IV (A) of Trust, 10,000.00 Niece 10,000.00 ESTATE OF CHARLES E. STOOPS SSN: 204-28-1039 DOD: 11 /25/2011 PENNSYLVANIA INHERITANCE TAX RETURN INDEX TO EXHIBITS Document Return Reference 1. Copy, Last Will and Testament Page 1, line 6 2. Copies, Trust Agreement dated 10/13/1999, and Page 1, line 7 Amendments dated 03/24/2006 and 09/27/2011 Schedule G 3. Appraisal, 826 Meadow Lane, Camp Hill, PA Schedule A 4. Appraisal, household and personal articles, including Schedule E, motor vehicles Items 1, 3, 4, 5, 6 5. Valuation, Metlife IRA Acct. #872-79650 Schedule G, Item 1 6. Letter valuation, John Hancock Annuity #8110510 Schedule G, Item 2 7. Letter valuation, MLI USA Annuity #3202130319 Schedule G, Item 3 8. Letter valuation, Transamerica Annuity #IVC063007932 Schedule G, Item 4 853030 OF CHARLES E. STOOPS I, CHARLES E. STOOPS, of Camp Hill, Pennsylvania, being of sound and disposing mind and memory, do make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me at any time previously made. I am the widower of Sandra A. Stoops. I have two children, Charles E. Stoops, II, and Vicki L. Cagle. TANGIBLE PERSONAL PROPERTY. I give and bequeath all of my household furniture and furnishings, automobiles, books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel, articles of household or personal use or adornment, collections, artworks, boats and recreational equipment and vehicles, computers (including all items of hardware and software used with or for my computers), together with all policies of insurance thereon, to my son, CHARLES E. STOOPS, II, if he survives me. If my son does not survive me, such articles shall be sold and the proceeds thereof shall pass as a part of my residuary estate. 2. RESIDUE. I give, devise and bequeath all the rest and residue of my property, real, personal and mixed, not disposed of in the preceding portions of this Will, including ali property over which I hold a power of appointment (which powers of appointment I hereby exercise in favor of my estate), to the then Trustee of "The Charles E. Stoops Revocable Trust" Page 1 of 6 Pages 594902. ] LAST WILL AND TESTAMENT Y created by a Declaration of Trust dated October 13, 1999, which ~~~as amended and restated in its l entirety by instrument dated the same date as this Will, to beheld, administered and disposed of pursuv~t to the terms of such Trust as in effect at my death. If the Charles E. Stoops Revocable Trust is not in existence at my death or is declared to be invalid in whole or in part, then I give, devise and bequeath my said residuary estate to my son, CHARLES E. STOOPS, II, if he survives me, or if he does not survive me, to his issue, per stirpes, living at nay death or if he has no issue then living, to such charitable orgatuzations as may be selected by my Executor keeping in mind my charitable interests as described in the Charles E. Stoops Revocable Trust. 3. SPENDTHRIFT PROVISION. No interest in income or principal of my estate shall be subject to attaciuttent, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary of my estate prior to the beneficiary's actual receipt thereof. My Executor shall pay over the net income and- the principal to the beneficiaries herein designated, as their interests may appear., without regard to any attempted anticipation (except as maybe specifically provided herein), pledging or assignment by any beneficiary of my estate and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary, 4. SURVNAL PRESUMPTIONS. Any person who shall have died at the same time as I or under such circumstances that it is difficult or impossible to deternline who shall have died first, shall be deemed to have predeceased me, FIDUCIARY POWERS. In the settlement of my estate, my Executor shall possess, among others, the following powers, exercisable without prior court approval, but in all Page 2 of 6 Pages cases to be exercised for the best. interests of the beneficiaries: (a) To retain an}~ investments I may Dave at my death so long as my Executor may deem it advisable to my estate so to do, including securities owned, issued or underwritten by any corporate Executor or airy of its affiliates. (b) To vary investments, when deemed desirable by the Executor, and to invest in every kind of property aid type of investYnent, including securities awned, issued or underwritten by ally corporate Executor or any of its affiliates, or as to which such Executor or its affiliate acts as investment advisoz-, as the Executor shall deem wise. {c) Ili order to effect a division of the principal of my estate or for any other purpose, including any final distx•ibutior~ of my estate, my Executor is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, my Executor shall divide or distribute said assets in a maiu~er which will fairly allocate any unrealized appreciation among the beneficiaries. (d) To sell either at public or private sale and upon such terms and conditions as my Executor may deem advantageous to my estate, any or all real or personal estate or interest therein owned by my estate severally or u7 conjunction with other persons or acquired after my death by my Executor, and to cansutTUnate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in can-ying out any of the powers conferred upon nzy Executor in this paragraph or elsewhere in this 1~Ii11. (e) To mortgage real estate and to snake leases of real estate for airy term. (f} To borrow money front any parry, including my Executor, to pay indebtedness of mine or of my estate, expenses of adfxtinistration, Death Taxes or other taxes. (g) To pay all costs, expenses, legally enforceable debts, funeral expenses and charges in connection with the administratiol~ of my estate. Page 3 of 6 Pages (h) To vote any shares of stock which form a part of my estate or trust and to otherwise exercise all the powers incident to the ownership of such stock and to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. {i.) In the discretion of my Executor to unite with any other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of my estate. {j} To assign to and hold in my estate an undivided portion of any asset. (k) To hold investments in the name of a nominee. (1) To compromise controversies, (m} To disclaim, in whole or in part, any and all interests in property owned by me at the time of my death, including those passing to me by Will, intestacy, contract, joint ownership, operation of law or otherwise. (n) To designate one or more persons or a corporation to act as ancillary f duciary in any jurisdiction in which ancillary administration may be necessary, such ancillary fiduciary to serve without bond or security and to have ail the powers, authorities and discretions conferred hereunder. (o} "to employ and compensate from income or principal, in the discretion of my Executor, investment and legal counsel, accountants, brokers and other specialists, and, whenever there shall be no corporate Executor in office, a corporate custodian, and to delegate to investment counsel discretion with respect to the investment and reinvestment of any or all of the assets held. hereunder, 6. EXCULPATORY CLAUSES. In the settlement of n'ry estate: (a) My Executor shall not. be personally liable for any loss to my estate or to any beneficiary of my estate resulting fi•orn an election made in good faith to claim a deduction as an income tax deduction or as an estate tax deduction. (b) 111 valuing property in ns.y grass estate for the purposes of any Death Tax, my Executor shall not be personally liable for any loss to rxry estate or to any beneficiary of my estate resulting from my Executor's decision made in good faith to use a particular valuation date. Page 4 of 6 Pages TAX CLAUSE. Except to the extent paid by the Trustee of the Mist described in Item 1. hereof, all inheritance, estate and similar taxes becoming due by reason ofmy death, except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the 1i~tez-~lal Revenue Code, as amended ("Death Taxes"), whether such Death Taxes shall be payable by my estate or by any recipient of any property, shall he paid by my Executor out of the property passing under ITEM 2 of this Will as an expense and cost. of administration ofmy estate. My Executor shall have no duty or obligation to obtain. reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insuranceor other property not passing under this Will. CUSTODIAN OF ESTATES. If at any time any individual under the age of twenty-one shall be entitled to receive any assets free of trust by reason ofmy death, whether payable hereunder, by operation of law or otherwise, I appoint my Executor. hereinafter named as Custodian for such individual under the Pennsylvania Uniform Transfers to Minors Act. 9. EXECUTOR APPOINTMENT. I hereby appoint my son, CHARLES E. STOOPS, II, as Executor of this Wiil. If for any reason my son should fail or cease to act, I appoint MICHAEL J. MALPEZZI, of Mechanicsburg, Pennsylvania, as Executor, and if Michael J. Malpezzi should fail or cease to act, I appoint S"1'ANLE.Y A. SMITH, Esquire, of Harrisburg, Pennsylvania, as Executor. All references in this Will to my "Executor" shall refer to my originally named Executor, or #o my successor Executor, as the case maybe. 10. WAVER OF BOND; FIDUCIARY TEES. The Custodian al~d my Executor shall qualify and serve without the duty or obligation of filizlg any bond or other security. Page 5 of b Pages IN WITNESS WHEREUP,1 have set my hand and seal to this, my Last wits and Testament, consisting of this and the preceding five (5) pages, this,,7'f~`' day of _ ~~r ~-- , 200. Charles E. Stoops We, the undersigned, hereby cex-tify that the foregoia~g Will was signed, sealed, published and declared Uy the alcove-pained Testator as and for his Last Will alld Testanent, in the presence of us, who, at his request and in his presence and in the presence of each other, have hereunto set our hands aild seals the day acid year above written, and we certify that at the time of the executi~1~11ereof, the said Testator was of sound aid disposing mind and memory. /r" (SEAL) Residing at: ~~•. ~ Ce~c~% t ~ `' •+~~~C-rt._-~ ~~~~ (SEAL) Residing a /- Page 6 of 6 Pages l.U1v11v1U1v W r,ALlri Ur rl~1V1~'J x Lv t-Liven COUNTY OF DAUPHIN SS: We, CHARLES E. STOOPS, ` ~ ' ~~-~~ ~~' :'-c ^~L~and ~t>, ~~~ :1- ~k T--~,--- ,the Testator and the l~/itnesses, respectivel}~, whose Ilames are signed to the foregoing instnunent, having been sworn, do hereby declare to the undersigned officer that the Testator, in the presence of the Witnesses, signed said instrument as his Last: Will and Testament, that he signed voluntarily, thai each of the witnesses, in the presence of the Testator and of each other, signed said Will as a witness and that to the best of the knowledge of each witness, the Testator was at the time of sound mind. alld under no constraint or undue irrl]tlence. ~. yr uil~yaa~ ~.i Subscribed and. acknowledged before me by CHARLES E. STOOPS, the Testator, and subscribed and sworn to before me by ~~- ~~. ~1~~, ,_~~~ij~~t L•~-__, and C '`~~,1~,.,~. `j•~.1c ~_,,,~--. , t11e witnesses, an this ~,~ ~. day of ~_~~`~° ~_~'' ~,_~ ~'`- 2006. -~.. Notary Publ~ My Conunission Expires: (SEAL) '~C~JdNi;~'i,~~.~jj~~1li µiw:~ l;~} =1• fJ~vS'ILVAI~U~. Nofarittl Settl - -_ ~ Ciridv L. Lei~el,lVotary Public "i?•y oF~-lnrrisburg, Dauphin Coup~~yy :'.Ry Coznmissioh Expirett I3ec• 2, 20U5 . c. at'~Y .,t v..;.t> (:.-...-{»7nri .7f I~~OY~Ih?9 "THE CHARLES E. STOOPS REVOCABLE TRUST" Trustees: Charles E. Stoops and Sandra A. Stoops 826 Meadow Lane Camp Hill, PA 17011-1545 Suggested Asset Registration: Charles E. Stoops and Sandra A. Stoops, Trustees of the Charles E. Stoops Revocable Trust under Declaration Dated October 13, 1999. Tax Identification Number: 204-28-1039 298653.1 :~ "THE CHARLES E. STOOPS REVOCABLE TRUST" Trustees: Charles E. Stoops and Sandra A. Stoops 826 Meadow Lane Camp Hill, PA 17011-1545 Suggested Asset Registration: Charles E. Stoops and Sandra A. Stoops, Trustees of the Charles E. Stoops Revocable Trust under Declaration Dated October 13, 1999. Tax Identification Number: 204-28-1039 298653.1 DECLARATION OF TRUST "The Charles E. Stoops Revocable Trust" THIS DECLARATION OF TRUST ("Declaration") is made and entered into this _L~~day of ~ic_~~.~ , 1999, by Charles E. Stoops, of Camp Hill, Cumberland County, Pennsylvania (the "Settlor"), and accepted by Charles E. Stoops and Sandra A. Stoops, of Camp Hill, Cumberland County, Pennsylvania (hereinafter together referred to as the "Trustee") WITNESSETH: WHEREAS, the Settlor desires to transfer the assets identified on Exhibit "A" attached hereto and made a part hereof, to the Trustee upon the terms and conditions hereinafter set forth; WHEREAS, the Settlor is the owner of the life insurance policies listed on Schedule "A" and will designate the Trustee as the beneficiary of such life insurance policies on the Settlor's life; and WHEREAS, the Settlor may in the future place the active management and control of certain other property in the hands of the Trustee. NOW, THEREFORE, the Settlor hereby assigns, transfers and delivers unto the Trustee, subject to the terms of this Declaration, all of the assets described on Exhibit "A" attached hereto. The trust assets shall include the assets transferred to or made payable to the Trustee, the proceeds of any insurance policies payable to the Trustee (collectively hereinafter 298653.1 Assets"), which shall be held, administered, distributed and governed by the Trustee, IN TRUST NEVERTHELESS, in accordance with the provisions of this Agreement and any amendments hereto. ARTICLE I During the Settlor's Lifetime During the Settlor's lifetime, the Trustee shall: (A) Have, hold, manage, invest and reinvest the Trust Assets, collect the income and pay over the net income to the Settlor during the Settlor's lifetime as the Settlor may from time to time request. In addition, the Trustee shall pay such portion or all of the principal of the Trust Assets to the Settlor as the Settlor may from time to time request. Any income not distributed to the Settlor during the calendar year shall be added to Trust principal. (B) Pay and use such portion or all of the income and principal of the Trust Assets as the Trustee, in the Trustee's sole discretion, from time to time shall deem necessary to provide for the proper maintenance, support, medical, hospital, nursing or nursing home care of the Settlor or the Settlor's spouse, SANDRA A. STOOPS (the "Settlor's Spouse"). (C) In the Trustee's sole discretion, to pay either from the principal or income of the Trust Assets any outstanding bills or obligations owing by the Settlor. (D) Whenever and as often as, in the sole judgment of the Trustee, the Settlor, to whom payments of income and principal are herein directed to be made, shall be unable to act, or shall lack ability or shall otherwise be unable to apply such payments to the Settlor's own best interest and advantage, the Trustee, in the Trustee's sole discretion, may make all or any portion of such payments in any one or more of the following ways: (1) directly to the Settlor; (2) to the legal guardian or duly authorized attorney-in- fact of the Settlor; or (3) by the Trustee expending the same for the benefit of the Settlor. -2- ARTICLE II Upon the Settlor's Death Upon the death of the Settlor, the Trustee shall divide and distribute the Trust Assets as follows: (A) The Trustee shall place in Trust A (herein referred to as the "Unified Credit Trust") an amount equal to the sum of the balance of the dollar amount not taxed in the Settlor's estate due to the application to the Settlor's estate of (i) the applicable credit amount against federal estate tax permitted under Section 2010 of the Internal Revenue Code of 1986, as amended, or any subsequent successor or parallel provision thereto (the "Applicable Credit"), after taking into account the value, for federal estate tax purposes, of other transfers of the Settlor either during lifetime or at death which utilized or which will utilize a portion of the Settlor's Applicable Credit against federal gift and estate taxes; and (ii) the state death tax credit allowed for federal estate tax purposes (but only to the extent its use will not increase any Death Taxes, other than Pennsylvania Inheritance or Pennsylvania Estate Taxes, owing by the Settlor's estate), IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with the provisions of ARTICLE III hereof. (B) The Trustee shall distribute the balance of the Trust Assets to the Settlor's Spouse, if the Settlor's Spouse is then living. If the Settlor's Spouse is not then living, then to the Settlor's son, CHARLES E. STOOPS, II, if he is then living, or if the Settlor's said son is not then living, to the then living issue of Settlor's said son, per stirpes; provided, however, that if any such issue has not then attained the age of 25 years, each such issue's share shall be retained by the Trustee, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ARTICLE IV for the benefit of such issue (the "Grandchild's Trust"). If the Settlor's Spouse, the Settlor's son, CHARLES E. STOOPS, II, and all of Settlor's son's issue all predecease the Settlor, then all such assets shall be distributed pursuant to ARTICLE V hereof. ARTICLE III Trust A The Unified Credit Trust -3- The Trustee shall have, hold, manage, invest and reinvest the assets of Trust A, collect the income and (A) If the Settlor's Spouse, SANDRA A. STOOPS, survives the Settlor, then beginning at the Settlor's death, the Trustee shall pay over to the Settlor's Spouse during such spouse's lifetime the net income of Trust A in quarterly install- ments and such portions of the principal as, in the sole discretion of the Trustee, shall. be necessary for the Settlor's Spouse's maintenance, support, medical and nursing care, taking into consideration any other means readily available for such purposes. (B) Upon the death of the survivor of the Settlor and the Settlor's Spouse, the Trustee shall distribute the then remaining principal and any undistributed income of the Unified Credit Trust to the Settlor's son, CHARLES E. STOOPS, II, if he is then living, or if the Settlor's said son is not then living, to the then living issue of Settlor's son, per stirpes; provided, however, that if any such issue has not then attained the age of 25 years, each such issue's share shall be retained by the Trustee, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with ARTICLE IV for the benefit of such issue (the "Grandchild's Trust"). Upon the death of the survivor of the Settlor and the Settlor's Spouse, if Settlor's son, CHARLES E. STOOPS, II, and all of Settlor's son's issue are deceased, then all such assets shall be distributed pursuant to ARTICLE V hereof. ARTICLE N The Grandchild's Trust The Trustee shall have, hold, manage, invest and reinvest the assets of the Grandchild's Trust, collect the income and (A) Until the beneficiary of the Grandchild's Trust (the "Grandchild") shall have attained the age of twenty-one years, the Trustee shall from time to time pay to or for the benefit of the Grandchild such amounts of the net income and principal of the Grandchild's Trust as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. At the end of each year any unexpended income shall be added to the principal of the Grandchild's Trust. -4- (B) After the Grandchild shall have attained the age of twenty-one years, the Trustee shall thereafter pay to the Grandchild the net income derived from the Grandchild's Trust in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. (C) If at the time of the creation of the Grandchild's Trust the Grandchild shall have then attained the age of twenty-five years or if the Grandchild shall thereafter attain that age, the Trustee shall distribute outright to the Grandchild the then remaining principal of the Grandchild's Trust. (D) If a Grandchild shall die before final distribution of the assets of the Grandchild's Trust is made, the then remaining principal and any undistributed income of the Grandchild's Trust shall be distributed to the Grandchild's issue living at the Grandchild's death, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of this ARTICLE for the benefit of each such issue (the "Grandchild's Trust"). If the Grandchild has no issue then living, then to the issue then living of the parent of the Grandchild who was a child of the Settlor, per stirpes, or, if such parent shall have no issue then living, the remaining assets of the trust shall be distributed pursuant to ARTICLE V hereof. -5- ARTICLE V Contingent Distribution If at the time for distribution of any trust estate hereunder the Settlor's Spouse, the Settlor's son, CHARLES E. STOOPS, II, and all of said son's issue are deceased, the Trustee shall distribute such assets in equal shares to the following: (A) THE SALVATION ARMY, 1122 Green Street, Harrisburg, Pennsylvania. (B) BETHESDA MISSION, 611 Reily Street, Hamsburg, Pennsylvania. (C) NEW HOPE MINISTRIES, 15 State Road, Mechanicsburg, Pennsylvania. (D) AMERICAN CANCER SOCIETY (Pennsylvania Division), Route 422 and Sipe Avenue, Hershey, Pennsylvania. (E) AMERICAN HEART ASSOCIATION (Pennsylvania Affiliate), 1019 Mumma Road, Wormleysburg, Pennsylvania. (F) ALZHEIMER RESEARCH (South Central Pennsylvania Chapter), 2001 North Front Street, Harrisburg, Pennsylvania. (G) ST. FRANCIS OF ASSISI SOUP KITCHEN, 1459 Zarker Street, Harrisburg, Pennsylvania. (H) EASTERN PARALYZED VETERANS ASSOCIATION, 7 Mill. Brook Road, Wilton, New Hampshire. (I) HELEN O. KRAUSE ANIMAL FOUNDATION, INC., Mechanicsburg, Pennsylvania. (J) GOODWILL INDUSTRIES OF CENTRAL PENNSYLVANIA, 1150 Goodwill Drive, Harrisburg, Pennsylvania. ARTICLE VI -6- Concerning Settlor's Daughter For reasons known by Settlor's daughter, Vicki L. Cagle, the Settlor has made no provision for her or her issue under this Declaration of Trust. Any references to Settlor's "issue" or similar terms used herein, shall be construed to exclude Vicki and all of her issue. ARTICLE VII Perpetuities Provision Nothing herein is intended to, nor shall it be construed to, postpone the vesting of any part of the assets of this trust or of any separate trust estate created hereunder for more than twenty-one years after the death of the survivor of the Settlor, the Settlor's Spouse and the Settlor's issue living at the Settlor's death. At the expiration of such period the assets of this trust and all of the separate trust estates hereunder shall immediately vest in fee simple absolute in and be distributed outright to the person or persons then entitled to receive the income therefrom, whether in the Trustee's discretion or otherwise. ARTICLE VIII Spendthrift Provision No part of the income or principal of the property held under any trust created hereunder shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to his or her actual receipt thereof. The Trustee shall pay over the net income and the principal to the parties herein designated, as their interests -7- may appear, without regard to any attempted anticipation (except as specifically provided herein), pledging or assignment by any beneficiary under any trust created hereunder, and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. ARTICLE IX Trustee Powers During the continuance of any trust created hereunder, the Trustee shall possess, among others, the following powers, exercisable without prior court approval, but in all cases to be exercised for the best interests of the beneficiaries: (A) To retain any investments so long as the Trustee may deem it advisable so to do, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates. (B) To vary investments, when deemed desirable by the Trustee, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates, as the Trustee shall deem wise, without being restricted to so called "legal investments". (C) To exercise any outstanding stock option in effect at the Settlor's death, and to borrow any necessary funds from any person or institution, including the Trustee, to mortgage or pledge any or all real or personal property as the Trustee in the Trustee's sole discretion shall choose without regard for the diapositive provisions of this Agreement. (D) In order to effect a division of the principal of any trust or for any other purpose, including the final distribution of any trust, the Trustee is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, the Trustee shall divide and distribute said assets in a mariner which will fairly allocate any unrealized appreciation among the beneficiaries. -8- (E) To sell either at public or private sale and upon such terms and conditions as the Trustee may deem advantageous to any trust, any or all real or personal estate or interest therein owned by any trust severally or in conjunction with other persons or acquired by the Trustee (including selling "short" any right, privilege, option or asset), and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon the Trustee in this paragraph or elsewhere in this Agreement. (F) To make leases of real estate for any term. (G) To borrow money from any party, including the Trustee, to pay an indebtedness of the Settlor or of the Settlor's estate or trust, expenses of administra- tion, all estate, inheritance and similar taxes (hereinafter referred to as "Death Taxes") and other taxes. (H) To pay, in the Trustee's discretion, without reimbursement, all costs, Death Taxes or other taxes, expenses and charges in connection with the administra- tion of the Settlor's estate or trust, and to pay the funeral expenses and the expenses of the last illness of the Settlor. (1] To vote any shares of stock which form a part of any trust and to otherwise exercise all the powers incident to the ownership of such stock; to actively manage and operate any incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights and powers of any owner thereof. (J) In the discretion of the Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of any trust. (K) To assign to and hold in any trust an undivided portion of any asset. (L) To select, employ and compensate any person, firm. or corporation engaged in rendering investment counsel advice to advise the Trustee in making investments, managing securities or making decisions concerning the purchase, retention, sale or other disposition of any part of any trust estate hereunder; and to -9- select, employ and compensate any attorney or firm of attorneys to render legal services to the Trustee with respect to any trust estate hereunder. ARTICLE X Survival Presumptions Any person, other than the Settlor's Spouse, who shall have died at the same time as the Settlor or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased the Settlor. If the Settlor and the Settlor's Spouse shall have died at the same time or under such circumstances that it is difficult or impossible to determine who shall have died first, the Settlor's Spouse shall be deemed to have survived the Settlor. Any person other than the Settlor who shall have died at the same time as any then beneficiary of income of a trust created hereunder or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased such beneficiary. ARTICLE XI Trustee's Duties With Respect to Policies The Trustee shall not be obligated to pay any premiums or assessments on any of the Policies and shall be under no obligation with respect to the Policies, except for safekeeping during the Settlor's lifetime and to the extent otherwise expressly agreed to herein. ARTICLE XII -10- Settlor's Reserved Ri is With Respect to Policies With respect to any of the Policies, the Settlor reserves to himself, during his ownership of said Policies and during his lifetime, all rights, payments, dividends, surrender values and benefits of any kind which may accrue on account of any of the Policies, and the right at any time to assign, pledge or use said Policies, or any of them, or to change the beneficiary thereof to borrow money thereon, or for any purpose, without the consent, approval or joinder of the Trustee or any beneficiary hereunder. It is the intent of the Settlor, with regard to said Policies, that this Agreement shall be operative only with respect to the proceeds of such of the Policies as maybe due and payable to the Trustee at the time of the death of the Settlor or thereafter, after deduction of all charges against the Policies by reason of advances, loans, premiums or otherwise; and the receipt of the Trustee for such proceeds shall release the insurance companies from liability on the Policies. ARTICLE XIII Collection of Policy Proceeds The Settlor agrees and directs that, upon the Settlor's death, the proceeds of all Policies which are then subject to the terms of this Agreement shall be paid in accordance with the directions then set forth in said Policies or the beneficiary designations then attached thereto. In the event the proceeds of said Policies are payable to the Trustee, the Trustee may institute any proceeding at Iaw or in equity in order to enforce the payment thereof, and may do and perform any and all other acts and things which maybe necessary, for the purpose of collecting any sums which maybe due and payable under the terms of said Policies; it being distinctly understood, however, -11- that the Trustee shall not, except at the Trustee's option, enter into or maintain any litigation to enforce the payment of said Policies until the Trustee shall have been guaranteed indemnification, to the Trustee's satisfaction, by one or more of the beneficiaries of this Agreement against all expenses and liabilities to which the Trustee may, in the Trustee's judgment, be subjected by any such action. The Trustee is authorized to compromise and adjust claims arising out of the Policies, or any of them, upon such terms and conditions as the Trustee may deem just, and the decision of the Trustee shall be binding and conclusive upon all persons and corporations interested therein. ARTICLE XIV Successor Trustees (A) In the event CHARLES E. STOOPS should fail or cease to serve as Co-Trustee, MERRII,L LYNCH TRUST COMPANY, FSB, a Federal Savings Bank, shall serve as Co-Trustee with Settlor's Spouse, or as sole Trustee if Settlor's Spouse shall fail or cease to act, as the case maybe. (B) An individual Trustee shall be deemed to have failed to serve as Trustee hereunder if, among other reasons, the treating physician of such individual Trustee shall certify in writing that such Trustee possesses permanent mental or physical incapacities which preclude such Trustee from discharging his or her duties as Trustee hereunder. (C) Any Trustee serving hereunder shall have the right to resign from such office at any time, with or without cause and without Court approval. No successor Trustee shall be liable for the actions of the Trustee occurring prior to the successor Trustee taking office. (D) Notwithstanding anything to the contrary herein contained, so long as a Trustee or the issue of such trustee is a beneficiary of any trust hereunder, such Trustee shall not participate in any discretionary determination of the Trustee (i) to make trust distributions to or for the benefit of such Trustee or his or her own issue; or (ii) to terminate any trust for the benefit of such Trustee or his or her issue under the ARTICLE hereof captioned "Additional Trust and Trustee Provisions". -12- (E) All references herein to the "Trustee" shall refer to the originally named Trustee(s) and to any successor Co-Trustees or sole successor Trustee, as the case maybe. ARTICLE XV Additional Trust and Trustee Provisions (A) If there should be established by the Settlor or the Settlor's Spouse, either in a Last Will and Testament or by inter vivos Deed or Agreement, trusts identical to the trusts herein established for the benefit of the Settlor's issue, the Trustee herein shall have the right and power to merge trusts herein established with identical trusts for the same beneficiaries established by the Settlor or the Settlor's Spouse and to operate each of the merged trusts as a single trust. (B) Whenever the Trustee, in the Trustee's sole discretion, determines that any trust hereunder should be terminated because said trust is too small to justify its maintenance as a separate trust, the Trustee, without any liability to any person or remainderman whose interest maybe affected thereby and without the necessity of prior court approval, shall terminate such trust and shall distribute the assets of the terminated trust outright to the individual or individuals at that time eligible to receive the income therefrom. If any additions to any such trust are received after its termination under this ARTICLE, such trust shall be revived and this provision shall continue to apply to it. The Trustee discretion herein granted shall in no event be construed as giving any potential distributee of a trust the right to compel a termination in whole or in part of such trust. (C) MERRII,L LYNCH TRUST COMPANY, FSB, shall have the following specific powers as to trust property and with any Co-Trustee may exercise the same in its sole and absolute discretion without Court order or approval: (1) To engage any corporation, partnership or other entity affiliated with Merrill Lynch Trust (an "Affiliate Entity") to render services to any trust hereunder, including without limitation: (i) to manage or advise on the investments of such trust on a discretionary or nondiscretionarybasfs; and -13- (ii) To act as a broker or dealer to execute transactions, including the purchase of any securities currently distributed, underwritten or issued by an Affiliated Entity, at standard commission rates, markups or concessions and to provide other management or investment services with respect to such trust, including the custody of assets and to pay for any such services from trust property, without reduction for any compensation paid to Merrill Lynch Trust for its services as Trustee. (2) To invest in mutual funds offered by an Affiliated Entity or to which an Affiliated Entity may render services and from which an Affiliated Entity receives compensation. (3) To cause or permit all or any part of any trust hereunder to be held, maintained or managed in any jurisdiction and to hold any trust property in the names of its nominee or a nominee of any Affiliated Entity. (D) MERRILL LYNCH TRUST COMPANY, FSB, shall not be deemed to have accepted title to, and shall not act or be obligated to act in any way as fiduciary with respect to any real property, including any real property owned or operated by a sole proprietorship, general or limited partnership, limited liability company, or closely held corporation or any interest in any such business enterprise, which is or may become an asset of the trust until (i) an appropriate environmental audit is performed at the expense of the Settlor or the Trust to determine that conditions at such real property or operations conducted by such business enterprise are in compliance with state and federal environmental laws and regulations affecting such real property or such business enterprise and (ii) Merrill Lynch Tnist Company, FSB, has accepted such property as an asset of the trust by a separate writing delivered to the Settlor, if living, or, if not, to the income beneficiary or beneficiaries of the trust (or their natural or legal guardians), and to the co-Trustee, if any. (E) The Settlor agrees to indemnify and hold harmless Merrill Lynch Trust Company, FSB, as Trustee and its affiliated entities from and against any and all claims, demands, losses, liabilities, damages and expenses which maybe sustained at any time because of any act or omission, including acts or omissions of ordinary negligence, occurring before the date the trust property was received by the Trustee. Merrill Lynch Trust Company, FSB, is .expressly relieved of any duty or responsibility to audit or review the actions or accounts of its predecessor and, further, is relieved from any liability for the acts or omissions of its predecessor, known or unknown. -14- (F) MERRILL LYNCH TRUST COMPANY, FSB, may utilize the Merrill Lynch Consults Service ("Consults Service") or any other investment service offered by an Affiliated Entity in the management of the investment of the trusts, without regard to any resulting increase in the compensation of Merrill Lynch Trust Company, FSB, or an Affiliated Entity, and to designate the trust property to be managed through the Consults Service and appoint (and, from time to time, replace) the investment manager or managers, including an Affiliated Entity, for those assets. (G} MERRILL LYNCH TRUST COMPANY, FSB, may submit to arbitration any dispute with respect to the Consults Service between the Trustee and any Consults Service investment manager, including an Affiliated Entity, or Merrill Lynch, Pierce, Fenner & Smith Incorporated or any other investment service offered by an Affiliated Entity. (H) The Settlor understands and acknowledges that an Affiliated Entity of Merrill Lynch Trust Company, FSB, may act as agent for mutual funds offered by an Affiliated Entity or to which an Affiliated Entity may render services ("MEAN mutual funds") or for the MLAM mutual funds' principal underwriter or distributor. The Settlor further understands and acknowledges that such transactions maybe . considered "agency cross" transactions which would typically involve potential conflicts of interest, and in which the agent would ordinarily receive commissions on both sides of such transactions. However, the Settlor further understands that when Merrill Lynch Trust Company, FSB, invests in MLAM mutual funds, all fluid shares are purchased at net asset value and are not subject to the imposition of any front-end or contingent deferred sales charges, although money market funds may have annual Rule 12b-1 fees. THE SETTLOR CONSENTS TO THE AGENCY CROSS TRANSACTIONS DESCRIBED ABOVE AND UNDERSTANDS THAT SUCH CONSENT I5 REVOCABLE. The person or persons having the power to remove the Trustee shall also have the power to revoke this consent. The Settlor also understands that if consent is revoked, Merrill Lynch Trust Company, FSB, may resign as Trustee. ARTICLE XVI Custodian 1f at any time any individual under the age of twenty-one years shall be entitled to receive any assets hereunder free of trust, the Trustee shall act as Custodian of such assets for the benefit of such individual under the Pennsylvania Uniform Transfers to Minors -15- ARTICLE XVII Surety and Compensation of Trustee The Trustee shall serve without the duty or obligation of filing any bond or other security and shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when the services are rendered, without reduction for any fees paid to by any mutual fund, unit investment trust or other investment vehicle and without court approval. ARTICLE XVIII Revocability The Settlor may, by instrument in writing delivered to the Trustee, modify, alter or revoke this Agreement in whole or in part; provided, however, that the duties, powers, compensation and liability of the Trustee shall not be changed without the written consent of the Trustee. -16- ARTICLE XIX Situs This Agreement and any trust created hereunder shall be governed by the laws of Pennsylvania and shall have its situs in Cumberland County, Pennsylvania. ARTICLE XX Trust Matters (A) This instrument is being created to provide for the convenient administration of the assets of Charles E. Stoops without the necessity of court supervision during his lifetime and in the event of the Settlor's incapacity or death. Any person shall deal with the Trustee without the approval of any court, the Settlor or any beneficiary of any Trust created by this Declaration, and shall assume that the Trustee has the same power and authority to act as an individual does in the management of his or her own affairs. Any bank, broker, mutual fund, life insurance company or other financial institution or any other person who deals with the Trustee and who is presented with a copy of this page and any other page of the Trust shall accept the same as conclusive proof of the terms and authority granted by these instruments and shall assume that no conflicting directions or terms are contained in the pages omitted. (B) In order to facilitate the convenient administration of the Trust, including the registration and transfer of assets to and from the Trust, the Settlor or any Trustee shall have the power to execute a Certificate of Trust describing any trust matter, including but not limited to a description of the trust terms, certification of any pages of this Trust, the administrative powers of the Trustee and the identity of any current Trustee. Any person who receives an original or photocopy of said Certificate of Trust shall be held harmless from relying on the same, and shall not be obligated to inquire under the terms of the Trust or maintain a copy of the Trust. The Trustee shall have the power to indemnify and hold harmless any financial institution or other third person for their good faith reliance upon the information contained in the Certificate of Trust. -17- IN WITNESS WHEREOF, Charles E. Stoops, as Settlor, has hereunto affixed his hand and seal, to this Declaration of Trust, all as of day and year first above written. SETTLOR: ~~~ ~~`~=(SEAL) ~~~~~ ~ Charles E. Stoops Charles E. Stoops and Sandra A. Stoops, Trustees, hereby accept this Trust, as of the day and year first above written. TRUSTEES ~ ~~~~ _ Charles E. Stoops a t; ,; ~ ~ a ''f' Sandra A. Stoops ~~ -18- The Charles E. Stoops Revocable Trust SCHEDULE "A" Cash in the Sum of $100.00 SETTLOR: ,~~ e ~_ .~~.~~~-~ .~ ..:~~~~ (SEAL) Charles E. Stoops TRUSTEES ~ 3 Charles E. Stoops C~~'GZ ~ ~/ ~_~ -~ Sandra A. Stoops ~ 298653.1 ' COMMONWEALTH OF PENNSYLVANIA ) _ l SS: On this, *~he ~~"` day of '; ;~ -_ `~~~~'` 1999, before me, a notary public, the undersigned officer, personally appeared Charles E. Stoops and Sandra A. Steops, known to me i;or satisfactorily proven) to be the persons whose names are subscribed to the within document, and acknowledged that they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ,- r ! ` t` Notary Public-~ My Commission Expires: (SEAL) rvatariu; c~~ ... ... c,~,dy L L itzel, tJ.ar °~ i Harrisburg, Dauphin.: ~`u- i fVf} Co[ntYmiss~nn t=Xr!i,,:~ ~~ - _ ' 95653.1 "THE CHARLES E. STOOPS REVOCABLE DECLARATION OF TRUST" Under Declaration of Trust Dated October 13,1999 THIS FIRST AMENDMENT TO AND RESTATEMENT OF DECLARATION OF TRUST is made and entered into by and between CHARLES E. STOOPS, of Camp Hill, Cumberland County, Pennsylvania (hereinafter the "Settlor" and "Trustee"). WITNESSETH: WHEREAS, the Settlor by Agreement dated October 13, 1999, established The Charles E. Stoops Revocable Declaration of Trust (hereinafter the "Declaration"}; WHEREAS, pursuant to ARTICLE XVIII of the Declaratian, the Settlor reserved the right to modify, alter or revoke and amend the Declaration; and WHEREAS, the Settlor desires to amend and completely restate the Declaration of Trust, which is the purpose of this First Amendment and Restatement. NOW, THEREFORE, the Settlor hereby amends and restates the Declaration as follows: ARTICLE I Revocation .and Restatement The Settlor hereby revokes ARTICLES I through XX of the Declaration of Trust and in lieu thereof provides the following new Articles. In so doing, the Settlor intends for this trust to be governed by this Declaration of Trust. 59A907. ] FIRST AMENDMENT TO AND RESTATEMENT OF ARTICLE II Trust Assets The Settlor, or any other party or person, may from time to time make policies of insurance on Settlor's life, individual retirement account benefits, and/or qualified ornon-qualified retirement plan benefits payable to the Trustee, or may transfer other assets to fine Trustee, subject to the terms of this Declaration, by inter vivos grant or by Will. The trust assets shall include the pxoceeds of any insurance policies payable to the Trustee {collectively hereinafter called the "Policies"), and all such other benefits or added assets (collectively the "Trust Assets"), which shall be held, administered, distributed and governed by the Trustee, IN TRUST NEVERTHELESS, in accordance with the provisions of this Declaration and any amendments hereto. ARTICLE I)=1 During the Settlor's Lifetime During the Settlor's lifetime, the Trustee shall: (A) Have, hold, manage, invest and reinvest the Trust Assets, collect the income and pay over the net income to the Settlor during the Settlor's lifetime as may be directed by the Settlor from time to time. In addition, the Trustee shall pay such portion or all of the principal of the Trust Assets to the Settlor as the Settlor may from time to time request. Any income not distributed to the Settlor during the calendar year shall be added to Tn2st principal. (B) Pay and use such portion or all of the principal and income of the Trust as the Trustee, in the Trustee's sole discretion, from tune to time shall deem necessary to provide for the proper maintenance, support, medical, hospital, nursing or nursing home care of the Settlor. (C) Pay either from the principal or income of the Trust Assets any outstanding bills or obligations owing by the Settlor. -2- (D) Whenever and as often as, in the sole judgment of the Trustee, the Settlor, to whom payments of income and principal are herein directed to be made, shall be unable to act, or shall lack abili#y or shall otherwise be unable to apply such payments to the Settlor's own best interest and advantage, the Trustee, in the Trustee's sole discretion, may make all or any portion of such payments in any one or more of the following ways: , (1) directly to the Settlor; {2) to the legal guardian or duly authorized agent of the Settlor; or {3} by the Trustee expending the same for the benefit of the Settlor, ARTICLE N Upon the Settlor's Death Upon the death of the Settlor, the Trustee shall distribute the remaining trust assets to the Settlor's son, CHARLES E. STOOPS, II, if he survives the Settlor or if he does not survive the Settlor, to the then living issue of Settlor's said son, per stirpes; provided, however, if any such issue has not then attained the age of twenty-five (25) years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with ARTICLE V for the benefit of such beneficiary (the "Grandchild's Trust'. If Settlor's son, CHARLES E. STOOPS, II, and alI of Settlor's son's issue die before the Settlor, then all such remaining trust assets shall be distributed pursuant to ARTICLE VI {the "Contingent Distribution".) -3- --- - - -- - Grandchild's Trust The Trustee shalt have, hold, manage, invest and reinvest the assets of the Grandchild's Trust, collect the income and {A) Until the beneficiary of the Grandchild's Trust (the "Grandchild"} shall have attained the age of twenty-ane years, the Trustee shall from time to time pay to or far the benefit of the Grandchild such amounts of the net income and principal of the Grandchild's Trust as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. At the end of each year any r.inexpended income shall be added to the principal of the Grandchild's Tnast. (B) After the Grandchild shall have attained the age of twenty-one years, the Trustee shall thereafter pay to the Grandchild the net income derived from the Grandchild's Trust in installments not less frequently than quarterly and such amounts of the principal as, in the sole discretion of the Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily available for such purposes. (C) If at the time of the creation of the Grandchild's Tnzst the Grandchild shall have then attained the age of twenty-five years or if the Grandchild shall thereafter attain that age, the Trustee shall distribute outright to the Grandchild the then remaining principal of the Grandchild's Trust. (D) If a Grandchild shall die before final distribution of the assets of the Grandchild's Trust is made, the then remaining principal and any undistributed income of the Grandchild's Trust shall be distributed to the Grandchild's issue living at the Grandchild's death, per stirpes; provided, however, that if any such issue shall not then have attained the age of twenty-five years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS, each to be held, administered and disposed of in accordance with the provisions of this ARTICLE for the benefit of each-such issue (the "Grandchild's Trust"}. If the Grandchild has no issue then living, then to the issue then living of the parent of the Grandchild who was a child of the Settlor, per stirpes, or, if such parent shall have no issue then living, the remaining assets of the trust shall be distributed pr.~rsuant to ARTICLE VI hereof. -4- ARTICLE VI Contingent Distribution If at the time for distribution of any mist estate hereunder the Settlor's son, CHARLES E. STOOPS, II, and ail of said son's issue are deceased, the Trustee shall distribute such assets to the following in the percentages so specified: (A) Five Percent (5%) of such remainder to THE SALVATION ARMY, 1122 Green Street, Harrisburg, Pezulsylvania. (B) Five Percent (S°lo) of such ;remainder to the BETHESDA MISSION, 611 Reily Street, HarrisbLU•g, Pennsylvania. {C) Pive Percent (S%) of such remainder to NEW HOPE MINISTRIES, IS State Road, Mechanicsburg, Pennsylvania. (D) Fifteen Percent (1 S%) of such ren~zainder to the AMERICAN CANCER SOCIETY (Pennsylvania Division}, Route 422 and Sipe Avenue, Hershey, Pennsylvania. (E) Fifteen Percent (1 S%) of such ren~zainder to the AMERICAN HF,ART ASSOCIATION (Pennsylvania Affiliate), 1019 Mununa Road, Wormleysburg, Perulsylvania. (F) Thirty Percent (30%) of such remainder to ALZHEIMER. RESEARCH (South Centzal Pennsylvania Chapter), 2001. North Front Street, Harrisburg, Pennsylvania. (G) Five Percent (S%) of such remainder to the EAS'T'ERN PARALYZED VETERANS ASSOCIATION, 7 Mill Brook Road, Wilton, New Hampshire, (H) Five Percent (S%) of such remainder to the HELEN 0. KIZAUSE ANIlVIAL FOUNDATION, INC., Nlechaslicsburg, Pennsylvania. {I) Fi#Ieen Percent {1 S%) of such remainder to the AMERICAN DIABETES ASSOCIATION, 3544 North Progress Avenue, Harrisburg, Pennsylvania. -s- ARTICLE VII Concerning Settlor's Daughter For reasons known by Settlor's daughter, Viclci L. Cagle, the Settlor has made no provision for her or her issue under this Declaration of Trust. Azzy references to Settlor's "issue" or similar terms used herein, shall be construed to exclude Viclci and all of her issue. ARTICLE VIII Pez-petzzities Provision Nothing hereia~ is intended to, nor shall it be constnted to, postpone the vesting of any part of the assets of this trust or of any separate trust estate created hereunder for more than twenty-one years after the death of the survivor of the Settlor and the Settlor`s issue living at the Settlor's death. At the expiration of such period the assets of this tnlst and all ofthe separate tz-ust estates hereunder shall immediately vest in fee simple absolute in and be distributed outright to the person or persons then entitled to receive the income therefrom, whether in the Tzustee's discretioa~ or otherwise, ARTICLE IX Spendthrift Provision No part of the income or principal of the property held ~mder any trust created hereunder shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or ta~ustee or receiver. in bankruptcy of any beneficiary prior to his or her actual receipt. thereof. The Trustee shall pay over the net income and. the principal to tlae parties herein designated, as their _~,_ interests nlay appear, without regard to any attempted anticipation (except as specifically provided herein), pledging or assignment by any beneficiary under any trust created hereunder, and without regard to any claim thereto or attempted levy, attaclunent, seizure or other process against said beneficiary. ARTICLE Trustee Powers During the continuance of any trust created hereunder, the Tnistee shall possess, among others, the following powers, exercisable without. court approval, but. in all cases to b~: exercised for the best interests of the beneficiaries: {A) To retain airy investments so long as the Tnlstee may deem it advisable so to do, including securities owned, issued or underwritten by any corporate Tnistee or any of its affiliates. (B) To vary investments, when deemed desirable by the Trustee, and to invest in every kind of property and type of investment, including securities owned, issued or underwritten by any corporate Trustee or any of its affiliates, or as to which such Trustee or its affiliate acts as investment advisor, as the Trustee shall deem wise. (C) To exercise any outstanding stock option in effect at the Settlor's death, and to borrow any necessary funds frond any person or institution, including the Trustee, to mortgage or pledge any or ali real or personal property as the Trustee in the Trustee's sole discretion shall choose without .regard for the dispasitive provisions of this Declaration, (D) In order to effect a division of the principal of any trust or for any other purpose, including the final distribution of any trust, the Tnistee is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, the Trustee shall divide and distributo said assets in a. manner which will fairly allocate any unrealized appreciation among the beneficiaries. -7- a :~ Y (E) To sell either at public or private sale and upon such teznrs and conditions as the Tnistee may deem advantageous to any trtiist, any or all real or personal estate or interest therein owned by any tz`ust severally or in conjunction with other persons or acquired by the Trustee (includi.ng selling "short" any right, privilege, option or asset), and to consummate said sale or sales by sufficient deeds or other instniments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and witl-zout obligation or liability of'the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon the Trustee. irz this paragraph or elsewhere in this Declaration. (F) To make leases of real estate for any terrzl. (G) To borrow money from any party, including the Tnistee, to pay an indebtedness of the Settlor or of the Settlor's esfiate or trust, expenses of administra- tion, all estate, inheritance and similar taxes (hereinafter referred. to as "Death Taxes") and other taxes. (H} `Ib pay, in the Trustee`s discretion, without reimbursement, all costs, Death Taxes or other taxes, expenses and charges in cormection with the administra- tion of the Settlor's estate or trzzst, and to pay the funeral expenses and the expenses of the last illness of the Settlor, (I) To vote any shares of stock which form a part. of any trust and to otherwise exercise all the powers incident to the ownership of such stock; to actively manage and operate any incorporated or unincorporated business, including auy joint venhues and partnerships, and to incorporate any such unincorporated business, with alt the rights and powers of any owner thereof. (J} in the discretion of the Tnzstee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or comparry whose securities form a part of any trust. (K) To assign to and hold in any tr2ist an undivided portion of any asset. (L) To select, employ and compensate any person, fine or corporation engaged in rendering investment counsel advice to advise the Trustee in making investments, managing securities or malting decisions concerning the purchase, retention, sale or other disposition of any part of any tntst estate hereunder; and to select, employ and compensate any attorney or fine. of attonieys to render legal services to the Tnistee with respect to ally tnzst estate hereunder. -3- ~~ ..~ :~ I {M) To divide any trust hereunder into two or snore separate, but identical, mists. To divide any trust hereunder which would have a generation skipping transfer tax inclusion ratio other than one or zero, into two separate trusts which are fractional shares, known as the "exempt trust" and the "nonexempt trust". The exempt mist shall be that fractional share of the total trust fiend that has a generation skipping transfer tax inclusion ratio of zero, and the nonexempt trust. shall be the remaining fi-actional share of the ttlist, with a generation skipping transfer tax inclusion ratio of one. The teens and conditions of the nonexempt mist and the exempt trust will be identical. Any referenced to a trust created under this Declaration, without a filrther specification or limitation, shall be deemed to refer to both the exempt trust and the nonexempt trust, in proportionate amounts, where relevant. The assets of each separate exempt and nonexempt trust shall be held, admiiustered acid invested as separate trusts, and the Trustee shall maintain adequate accounting aiid records for both such dusts. The executor of the Settlor's estate shall indicate on the federal estate tax return filed for the Settlor's estate that separate trusts will be created (or funded) and clearly set forth the manner in which the trust is to be severed gild the separate trusts fitnded. ARTICLII XI Survival Presum tions Any person who shall have died. at the same time as the Settlor or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased the Settlor. Any person other than the Settlor who shall have died at the same time as any then beneficiary of income of a trust created hereunder or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased such beneficiary, ..y. ARTICLE X1I Concerning Trustees (A} In the event CHARLES E, STOUPS should fail or cease to serve as Tntstee by reason of his death, written resignation or incapacitation, CHARLES E. STOOPS, II, shall serve as Tntstee and if he should fail or cease to act, MICHAEL J. MALPEZZI, shall serve as sole Trustee. (B} An individual Trustee shall be deemed to have failed to serve as Trustee hereunder if, among other reasons, the treating physician of such individual Tntstee shall certify in writing that such T7ltstee possesses permanent mental or physical incapacities which preclude such Ttlistee from discharging his or her duties as Tttiistee hereunder, (C} Any Trustee servizlg hereunder shall have the right to resigza from such office at any time, with or without cause and without Court approval. No successor Trustee shall be liable for tlae actions of the Trustee occurring prior to the successor Trustee taking office. (D} Notwithstanding anything to the contrary herein contained, so long as aln~stee other tl-tan the Settlor or the issue of such trustee is a beneficiary of any mist hereunder, such Trustee shall not participate in any discretionary determination of the Tntstee (i) to make tntst distributions to ar for the benefit of such Tntstee ar his or her own issue; or (ii) to terminate any tntst for. the benefit of such Trustee or his or her zssue under the ARTICLE hereof captioned "Additional Tntst and Tntstee Pravisions". (E} Ali references herein to the "Tt~zstee" shall refer to the originally named Trustee(s) and to any successor Trustee, as the case may be. ARTICLE XIII Additional Trust and Trustee Provisions Whenever the Trustee, in the Trustee's sole discretion, determines that any trust hereunder should be tetniinated because said tntst is too small to justify its maintenance as a separate trust, the Tntstee, without any liability to any person or remaindennan whose interest maybe affected thereby and without the necessity of prior court approval, shall tenllinate such tntst and shall - io - p~.v..,5/.!1~t~.bi4~i51~!~k~'*~:~~~`.~+.f~}53"tii,3~'F9f±'ti~4"hk?=4.E...~~ E .. }1~,Pga!!k,:+P~(e~sCi~~j„ +.~;4"~~`S'~;'R~~?~~rs:r~.~+eii3'~el>~!:~7Ei'.~~ 6'Y6'~''~tiy?3u;~.~~ distribute the assets of the ternunated trust outright to the individual or individuals at that time eligible to receive the inconrie therefrom. If any additions to any such trust are received after its termination under this ARTICLE, such trust shall be revived and this provision shall continue to apply to it. The Trustee discretion herein granted shall in no event be construed as giving any potential distributee of a trust the right to compel a termination in whole or in part of such mist. ARTICLE XN Custodian If at any time any individual under the age of twenty-one years shall be entitled to receive any assets hereunder free of trust, the Trustee shall act as Custodian of such assets far the benefit of such individual under the Perulsylvania Uniform Transfers to Minors Act. ARTICLE XV Sure The Trustee shall serve without the duty or obligation of filing any band or other secunty. ARTICLE XVI Revocabilitv The SettIor may, by instrument in writing delivered to the Trustee, modify, alter or revoke this Declaration in whole or in part; provided, however, that the duties, powers, compensation and liability of the Trustee shall not be changed without the written consent of the Trustee, -11- ARTICLE XVII SttLtS This Declaration and any mist created hereunder shall be govenled by the laws of Pennsylvania and shall have its sites in Cumberland County, Pennsylvania. ARTICLE XVIII Tntst Matters (A) Tlais ulstrttment is being created to provide for the convenient administration of the assets of Charles E. Stoops without the necessity of court supervision during his lifetime and in tike event of the Settlor's incapacity or death. Any person shall deal with the Tntstee without the approval of any court, the Settlor or any beneficiary of any Trust created by this Declaration, and shall assume that the Tnistee has the same power and authority to act as an individual does in the management of his or her own affairs. Atay back, broker, mutual fund, life insurance company or other financial institution or any other person who deals witla the Trustee and who is presented with a copy of this page and any other page of the Trust shall accept the same as conchisive proof of the terms and authority wanted by these instnunents and shall assume That no conflicting directions or terms are contained in the pages omitted. (B) 111 order to facilitate the convenient administration of the Tnist, including the registration and transfer of assets to and from the Trust, the Settlor or auy Trustee shall have the power to execute a Certificate of Trust describing any trust matter, including but not limited to a description of the trust terms, certification of airy pages of this Tnist, the administrative powers of the Trustee and the identit}~ of any current Tntstee. Any person who receives an original or photocopy of said Certificate of Trust shall be held hana~less from relying on the same, and shall not be obligated to inquire under the ternis of the Trust or maitatain a copy of the Tnist. 'floe Trustee shall have the power to indemnify and hold harmless atay financial institution or other third person for their goad faith reliance upon floe information contained in the Certificate of Ttltst. y .<~ ,U _•;.- ~'~ ~.i 7, i ! ~. i ~ ~. .12_ t. !cq":;5~';~*~3~ie~".+l.~.ro.;r.~~'~trtii)~fP`~i'.i,~.'~P1"a~d~~imzl~d.+'~'?'h~GY'id~1!~p^..^,Kta;~'b„~r~r~'Y+~iSi''3n~+'Vs3~~°.c..{~~'~Y?~ra`.'k~rn~ ~~r;.4rs~.o..x~s~,+;.r`~A1'~t4!2~x"'t,~~d`~x.. ~~.;~eL~z:r*rFa?!'soh';ci1'!~:`xV~+!•;r^+Ev`.~r^~-e°,~+~aw-i%~ IN WITNESS WHEREOF, CHARLES E. STOOPS, as Settior and as Trustee, has hereunto affixed his hand and seal to this First Am.endmenc to and Restatement of Declaration, as of this ~~ ~ day of ~f,9~Cr-(' , 2006. `~ SETTLOR: ~.~-w- ~,/ ~ (SEAL) Charles E. Stoops The trust as set forth in the foregoing First Amendment to and Restatement of the Charles E. Stoops Declaration of Trust is hereby accepted. TRUSTEE: C~~'~~-t~J ~7 --(SEAL) Charles E. Stoops -13- WTI'NESS: COMMONWEALTH OF PENNSYLVANIA } j SS: COUNTY OF DAUPHIN } On this, the ~~-1 day of 1~~ :;~-r, is ~..._.. , 2006, before rne, a notary public, the undersigned officer, personally appeared CHARLES E. STOOPS, known to me (or satisfactorily proven} to be the person whose name is subscribed to the foregoing, and aclalowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF', I hereunto sel my hand and official seal. J Notary Public My Commission Expires: {SEAL} .~!'t',vs~'r'~.~EtiyLL=t Cti' i't,~vra~YL\~A]V7f; lvotaria4 Seai ::indy i... Leltzel, Notary Pubfic ' i~ r;r Hsirrisbug, Deuphiu Cotut~ 'vfy~~~imriic,ior. Expires Dec. 2, 2Q 6 ! ,, ... ,~.,...a,~,;,,, ~t ~u`~~es . AMENDMENT TO "THE CHARLES E. STOOPS REVOCABLE DECLARATION OF TRUST" Under Declaration of Trust Dated October 13, 1999 THIS AMENDMENT TO DECLARATION OF TRUST is made and entered into by and between CHARLES E. STOOPS, of Camp HiII, Cumberland County, Pennsylvania {hereinafter the "Settlor" and "Trustee"). WITNESSETH: WHEREAS, the Settlor by Agreement dated October 13, 1999, established The Charles E, Stoops Revocable Declaration of Trust (hereinafter the "Declaration"); and WHEREAS, by instrument dated March 24, 2006, Settlor amended and restated the Declaration (the "2006 Restatement"); and WHEREAS, pursuant to ARTICLE XVI of the 2006 Restatement, the Settlor reserved the right to modify, alter, revoke and amend the Declaration; and WHEREAS, the Settlor desires to further amend the 2006 Restatement which is the purpose of this Second Amendment. NOW, THEREFORE, the Settlor hereby amends the 2006 Restatement as follows: I. The Settlor revokes ARTICLE IV and in lieu thereof adds the following new ARTICLE IV: 626069,1 ARTICLE IV Upon the Settlor's Death Upon the death of the Settlor, the Trustee shall first make alI payments under ARTICLE X(H) and then make the following distributions: (A) The sum of TEN THOUSAND DOLLARS ($14,000,00) to Settlor's niece, DEBRA ANN OLSEN, now of 112 Pepper Avenue, Enola, Pennsylvania, if she survives the Settlor. (B) The balance of the assets passing under this ARTICLE IV to the Settlor's son, CHARLES E. STOOPS, II, if he survives the Settlor or if he does not survive the Settlor, to the then living issue of Settlor's said son, per stirpes; provided, however, if any such issue has not then attained the age of twenty-five (25) years, each such issue's share shall be retained by the Trustee as a separate trust estate, IN TRUST NEVERTHELESS; to be held, administered and disposed of in accordance with ARTICLE V for the benefit of such beneficiary (the "Grandchild's Trust"). If Settlor's son, Charles E. Stoops, II, and all of Settlor's son's issue die before the Settlor, then all such remaining trust assets shall be distributed pursuant to ARTICLE VI (the "Contingent Distribution"). IN WITNESS WHEREOF, CHARLES E. STOOPS, as Settlor and as Trustee, has hereunto affixed his hand and seal to this Amendment to the 2006 Restatement of Trust, as of this i ~~+ day of ~~ ts~~~~.,- , 2011. WI . ,~ SETTLOR: Charles E. Stoops (SEAL) This Amendment to the 2006 Restatement of the Charles E. Stoops Declaration of Trust is hereby accepted. WITNESS: , TRUSTEE: ~~~-y ~ ._y'.~'~'~~ {SEAL} Charles E. Stoops -2- COMMONWEALTH OF PENNSYLVANIA ) { - ~ ) SS: COUNTY OF ~.L,c.-~-~-~'/ ~^'~' ) We, CHARLES E. STOOPS, c~ ~ and `j1~~tas P ~~~ ,the Settlor and Trustee and the Witnesses, respectively, whose names are signed to the foregoing instrument, having been sworn, do hereby declare to the undersigned officer that the Settlor, in the presence of the Witnesses, signed said instrument, that they signed voluntarily, that each of the witnesses, in the presence of the Settlor and of each other, signed said Trust Amendment as a witness and that to the best of the knowledge of each witness, the Settlor was at the time of sound mind and under no constraint or undue influence. .Cor ~ '~nI`X "'~ ~arles ". Stoops ~~ _. Witness Subscribed and acknowledged before me by CHARLES E. STOOPS, the Settlor and Trustee, and subscribed and sworn to before me by ~ and S !/ ~ f Z ,the witnesses, all of whom personall appeared before and are known to me, to be the persons that signed or witnessed the within instrument, and acknowledged that they signed or witnessed the within instrument for the purposes therein contained, on this ~~ day of ~~~~~, 2011. ~a Q~ -_--~-~- Notary Public My Commission Expires: (SEAL) COMMONW~ALTh! OF PENNSYLVANIA Notarial Seal Cindy L. Laltzel, Notary Public City of t{arrisburg, Dauphin Caunty My Commission Ex kes Dec. 2, 2014 Member. Pennsvlvanla Association of Notaries APPRAISAL OF REAL PROPERTY I.OCATLQ AT 82B Meadow Lene Camp Hill, PA 17011 Deed Book 0020V Page 00573 FOR Rhoads & Sinon 213 Market Street Harrisburg, PA 17108 OPINION OF VALUE glsa,ooo AS OF November 25, 2011 BY W. Greg Rothman RSR Appraisers & Analysis 3 Lemoyne Drive Lemoyne, PA 17043 717-763-1212 grothman~rarrealtors. com Porm BA2V LT -'WfnTOTAI' appraisal software by a la made, inc. -1.800-ALAMOOE RSR Appraisers and Anatysts (717~7fi3-1212 LPaae #21 Uniform Residential Appraisal Report Flle# . The ose of this sum appraisal re ort is M rovide the lender/dEent with an accurate and ede uatel su poled, opinion of the madcet value of the subect P Address 826 Meadow Lane CI Cam Hill Stale PA ZI Code 17011 Banower NIA Owner of Public Record Charles & Sandra St o s Can Cumberland Le I Desai lion Deed Book 0020V Pa a 00673 Assessor's Parcel # 1 01 81 31 001 6 Tax Year 2011 R.E. Taxes 2 815 Nei hborhood Name Brentwater Ma Reference 101-8131-0015 Census Tract 113.04 Occu Owner Tenant Vacant S edalAssessmems3 PUD HOAS rear rmortM " P RI b A raised free Slm b Leasefrold Other describe Ass nmentT PurchaseTransadbn Refinance Transaction Other describe F-stablish value for an estate. LendedC6ent Rhoads & 3inon 1:LP Address 213 Market SVeet Harriabur PA 17108 d the act cumenl offered for sale ar has 1t been offered for sale In the hvelve months dor to the eflectlve date of this a IsalT Yes No Re ort data source a used ofled rice s ,and data s . I ^ did ®dld not analyze the contract far sale for the subject purchase transaction. Explain the resuhs of the anatysis of the contract for sale or why the analysis was not edamed, There is no contract for sane. CaMract Price N!A Date o1 Contract N/A Is the roe seller the owner of adlC feCOfd7 Yea No Data Source s is there any pnanclal assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower9 ^ Yes ^ No H Yes re rt the total dollar amount and descrlte the (tams to be old. Note; Race and the raolal oom altion of the net hborhaod ere note ralsa[ faotore. e ~* ~- ~~7~~?:#r.~ U ~'-~~;H=is.: ~?i~-x'~,' ..,;~+,,fT` .,U 6iiel - p;#W s fi ;.."4_i: §t_r, ' ~, Location Urban Suburban Rural Pr a Values Increasi Stable Declinl PRICE AGE One-Ihiit 77 % . BufN-U Over 76% 25-7696 Under 26% Demand u I Short In Balance Over Su I S 000 rs 2.4 Unft 3:5 % Growftt Ra id Slade Slow Marketin Time Under 3 mlhs 3.8 mMs Over 8 mths 50 Low New Mint!-Famil 10 % Ne hborhood Boundaries T e sub act Is located In the erentwater section of Cam HIII. 499 HI h 100+ Commarclal 996 154 Pred. 40-60 Ottwr 5 % Nei hbahoodDescd lion The sub eci is located In Cam III and is within walkln distance to schools sho in e e ainment recreation and eke of worshf . Market Condb'ons ncludin su ort lathe above conclustans This area sold 20 ro ertles sines November of 2010 with an median rice of 187 000. The avers a time on the market was 74 da s. This information was obtained from the Central Penn Multi-List A surve of all sales of all spot level homes in the area was conducted. Dimensbns 103 x 243 Area .57 Acres Sha a Irre ular View Neutral 'fie Zoni ClassKioation f3S Zonln Descri don Residential Suburban Zarin C lance Le al Le I Nanconlarmin Grandfalhered Use No Zanln NIB al descdbe fs the hi hest and best use of suh act ro as Im cued a as o osed r fans ands ci6cations the resent used Yes No N No describe Utllttles Public Other descrme Public Other desorlbe Off-altelm ovementa-T a Publlo Prirafe ElecUici Water Street Bas Senile Sewer Alle None FEMA cial Road Hazard Area Yas No FEMA Flood Zana C FEMA Ma # 4204100114E FEMA M Date 311512009 Ara the utipues and ofl~ita Imtxovemenls typkal to the market area? ®Yas ^ .No If No, describe Ara there an adverse site conditions w extamaliactors easemerrEa encroachmanis, enviranmenlal conditions land uses etc. 7 Yes No If Yes describe T teal utgit easements. G&~ (•D~ !T"t o~~t,~;,j, ,,~ ii." - Sn'-~"f~ ..~;~~:;yx ; x"C~t_i ft .. Qrl .tloh a.';`; ~f~7 a ~eTa~d{ 19n.~ littenor~se~'" ' 1 terisEl/,&R . : Units One One with Accassa Unlt Concrete Slab Crawl S ce Foundatbn Walls BlccklStone/A FToas Cr UCer/Av B of Stories FuN Basement Partlal Basemen- Extedar Walis Brick/Vin/Good Walls D IIfAv T Del Aft, S-0 nd Unlt Basement Area 728 s .ft. Root Surface Com Shln fe/Good Tr' inlsh WoodlAv E>asAn Pro osed UnderConst, BasemarrtRdsh 0 % GUtlBraaDo44aa ooze Altlm/Av BathFlaar CeramldGood Des S e Slit Leval Outside Erd /Exit Sum Pum Window T a Dbl Hun 1Av Balh Wainscot Fibe Is1Av Year Built 1963 Evidence of infestatbn Storm Sashpnaulated YeaJA Oar Sto a None Effective A e rs 1963 Da eas Settlement Screens Yes1A Ddvewa # of Cars 4 Altlc None Heed FWA ffW88 Radiant Amenities Woodstova s # Drivewa Sudaca Macadam Oro Stair Stairs Other fuel Oil Flre aces # Fence Gar # of Cars 1 Floor Scutde Coopn Central Alr Cond)tionin Pailo(Deck Porch Car ort # of Cars Finished Heated Individual ^ Other Pool Other ~ An. Dort. awn In ianees ®Refri erata Ran e/Oven Dlahwasher Disposal ®Mkrawave Washer/Dr r Other describe Rnishad area above rode contains: 8 Rooms 3 Bedrooms 1.5 Baths 1,792 Square Feet of Gross Livin Area Above Grade • AddGiond features s eial aner efficient hems etc.. Storm windows doors and ceilin fans. ' Describe the condition of the roe krcludl needed re airs detadoretion renovations, remodelin , etc.. The sub'ect is in avara a condition showin si ns of normal wear end tear. There is an outbuildin near the atio in the rear erd, There is also a store a shed. Ara Mare steal degclencles or adverse condNians that affect the livabill ,soundness or structural integrity of the proper ? _ Yos No It Yes descrbs Does iha property generaNy coniarmta the neklltborhoed (functional utility style condtion use construction etc }7 ~ Yes ^ No If No describe Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Form i 004 March 2005 Form 1004 -"WfnTOTAL" appraisal software by a N made, inc. -1.800-ALAMODE I intfnrm Residential Anoraisal Report Flle# Tirereere 2 com arable o ernes currontl offered for sale in the sub t hbahocd.ra In dce from S 209900 to 219900 Thera era 20 cam arable sobs in gte su act nal hborhead within the st twehro months ro n in sale lee from $ 129 500 to $ 245,000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 CDMPARABLE SALE # 3 Address 826 Meadow Lane Cam Hill PA 7011 824 Brianuood lane Cam Hil PA 17011 3538 Couniryside Lane Cam Hill PA 17D11 9 Redwood Couri Cam HIII PA 17011 Proxkn to Sub act k . - Sale Pdca $ NIA Sale PdcelGroes LN. Area $ s .tt. 9ataSources .88 Miles 190 000 S 1 .82 s .tt. Count Records .tit MIIes " $ 202 000 $ 121.98 s .tt.:.~ '' Count Records .84 ilea 4 ~' $ 228 000 105.26 s .R.'±~"uf~ .vF Coun Racorda VerMcatbn Sources J Clark CPML 76 1-8300 T Foreman CPML 761.8353 N WIIliams CPML 652-5979 YALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + - $ Ad ustmant DESCRIPTICN + - Ad' siment OESCRIPTfON + - S Ad tment Sales or Finarrcing Concesslona Conv. 120 DOM VA 2 DOM FHA 18 DOM Oats of Sale a . 7/512011 7/22!2011 B 20 1 Loca9on Suburban LeasehddlFea Sim le Fe Sim le SBB .67 Ac ea Suburban Fae Slm le .23 Acrea +5 000 Suburban Fee Sim le .23 Acrea +5.000 Suburbs Fee Sim to .23 Acrea +5 000 Vlew Neutral Neutral Neutral Neutral Dos St le Slit Level Slit Level S Ili level S h Level Qua1 of ConsiNetfon 5 Q4 •5 000 D4 5 000 4 -5 000 Actual a 1963 Corxition C4 Above Oracle Tote1 Bdrms. Botha Roan Court 8 3 1.5 1974 C3 Total Bdrms. Baths 7 4 2.5 -5 000 -7 500 1980 C3 TOWI Bdrms, Baths 7 4 2 -15 000 -5,000 1975 C3 Taal Bdrms. Baths 9 4 2 -20 000 -5 040 Gross u Area 1 792 s .fl. 1 782 s .ft. 1 656 s .ft. 2 188 s .ft. -11 220 Basement 8 finished Partial Unfiniahd Rooms Below Grade Partial Finished None *5,000 None +5,000 kxtciknal VIII Avers a Similar Simile Slmi ar Heat ooUn FAIOIUCAC FAIGas/CAC FAFliP/CAC BB/EIec/CAC ,` Etrer Etticlent ttems SlormalC Fans Storms/C Fens StormslC Fans StormsiC F ns G ar ort 1Car Attached 2 Car Attached -5 ODO 1 Car Attached 2 Car Attached -5 000 - Par Pa8 eck Patio DecklPatio Deck/Patio Patio • OulbuHdi Naar Patio Nane +5 000 None +5 000 None +5 000 Rre ace 1 FP 1 FP 1 FP None +2 500 • Net Ad'usiment plat + $ -12500 + - S -10 000 + - S -28 720 Adjusted Sala Price of Co ambles Net AdJ. e.6 % Gross AQ . 17.1 % $ 177 500 Net AdJ. 5.0 % Gross Ad . 19.8 % $ 192 000 Nei Add. 12.6 % Gross Ad . 27.9 % $ 198 280 - I did did not research the safe or transfer Ipstc of the su ct ro a and com arable sales. H n ex lain The subject has not solo within iha three evbus ears. Sala 3 has not sold with n the three rev pus ears. Sala 1 was a sale between related artles In 2010. Sale 2 was rehabbed and add in 2010, M research dltl did not reveal an rbr sales a transfers of the sub ct ro for the three ears dce to the effective date of lhls a sisal. Data Sources Count Records. research did did not reveal an tie sales or transfers of the co arable sales torihe ar dor to the data of sale of the cam arable sob. Data Sauces Count Records FOe on the rosults of tiro research and anal Is of the dce sale a iransier histo of the sub act m e and com arable sales re od addllional ror sales on a 3 . ITEM Sl1BJECT COMPARABLE SALE #1 COMPARASLE SALE #2 COMPARABLE SALE dF3 Gate of Pda SelelTrensfer NiA 1212/2010 12!2812010 272/21 Price of Pdor Sal ransfer NIA 1 129 500 $125 9D0 OalaSources Count Records Coun Records Count Records Count Records 6lectiva Data of Data Sources 12/06/2011 12/D8/2011 12!08!2011 12/08!2011 A sis d dor sale or transtar his of the sub ct a e and can arable sales The sub'ect has not sold within the three revious ears. Sale 3 hea not sold wHhln the three revious ears. Sale 1 was a sale between related artles In 2010. Sale 2 was rehabbed ens sold In 201 D. Summa ai Sales Cam risen A roach Sale 1 was ed uated a ward for lot size basement end an outbuildin and ad usteb downward far ulit of consiruction condition and number of bedrooms and baths and a era e. Sale 2 was ad usted u and for bt size basement and an outbuNdi and ed downward for ull of construction condition and number of bedrooms and baths. Sale 3 was ad usted u ward for lot s(ze basement en outbuNdin and Rre lace end ad usted downward for ulit of construction condition s uare foots a end number of bedrooms and baths end a ar e. 1t should be noted that November 25 2011 was established as the-date of death for fhe ur of the estate. tndlea6ed Value b Sales Can risen roach S 190 000 Indleated Vetue b ;Sales Com arlson A roach $ 190 000 Coat A roaah (if devel edJ S NIA Income A roach (If devela d~ S N1A 7ha Sales roach leldad a value ran a of 177 500 to 199 280. The Cost A roach was not used due to the a of he sub act and ditTicult to measudn de reclatbn. The Income A roach was not considered due to a lade of com arebles leases in the market since ro ernes such as the • sub are icell owner oxu led. _ This appraisal is made ®"as Is", ^ subject to completion per plans and specHicaUons on iha basis of a hypothetical condition that the knprovaments have been completed, ^ subject to the fdlowing repairs ar akerathns on the basis of a hypothetical conditbn that the rapalrs or alterations have been completed, a ^ subject to iha • fallo ra uirad Ins coon based an the extroordina assum Ban that the condition ar deilden does not re Ire alteration or re air. Based on a complete visual Inapactlon of the interior and exterior areas of the eubjeot property, defined scope of work, elaDement of assumptions and Ilmlting aondiUons, and appraiser's certAcation, my (our) opinion of the market value, as etined, of the real property that Is the subject of this report Is S 19D 000 as of November 25 2011 whloh Is the date of Ilts action and the etfecgve date of thla a raisaL Freddie Mac Form 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 form 1004 -'WinTOTAL" appraisal sattware by a la mode, ins -1-BAD-ALAMODE Uniform Residential Appraisal Report Ftle~ This a ralsal should be in narrathre form to he In cam Ilanre wkh FIRREA It must conform to the Uniform S andards of Profesabnal A Iael Practices USPAP ado tad b e A roles) S ands ds Board oft e A roles) Fou datlo effective Jul 1 1884, This is a Summ sisal Re rt Provide ate Inionnatlan for the lender clientlo re Iicate the below cost f urea and calcufatlans. rtfathe pion of ske vahre summa of com arable land safes ar other methods tar estlmet site value ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPEVION OF SITE VALUE ......................................................._..._....... =E Saurceotcostdata OWELLWG Sq.F1.Q$ ............. n$ Quali ratio from cost servbe EffecUva data of cost data S .Ft. _$ CammentsanCostA roach sslivi area calculations de eciatlan etc. _$ The Cost A roach was not used due to the a e of the sub'ect a d the Gara Ca ort S .Ft. E _$ • difficuk in measurl de reciatton. Total Estimate of Cost-New a$ ............. Less Ph sirs) Functlanal External De reclation =$( De reciated Cost of Im rovemenis ................................................... _$ "As-is° Value o1 Site Im rovements ............................_._.... EstknatedRemainln EconomlcL'de UDarMVAonI Years INDICATEDVALUEBYCOS7APPROACH ..................................._........=5 • Estlmated Manthl Market Rent $ X Gross Rent Multi Ilex _ $ Indicated Value b Income roach Sranm of Income each ndudin su od iar market card and GRM The Income A roach was not considered dus io a lack of com ambles leases in the market since r erties such as the sub act era Icall owner occu led. - _ _ Istha.deveb rf6utTder In canlral.ot the Harrieowners' Assoclatbn HOA ? x Yas No 'lhiit e s Detached Attached Provide the fo0owing Infarmatlon (ar Pl1Ds CNLY d the devebperl6uilder is in control of the HOA and the sublect properly is an akached dwellino unit La al Name of Pro t • Total namber d bases Tote! nuunber of units Total number of units sold Total number d unts rented Total number of units for sale Data source s Was the ro act crealad b the converson of axial build) s Into a PUD? Yes No If Yes date of conversion. • Does Iha ro t contain an rnultl-dweEln unUs? Yes No 6ata Source Ara the udts common elements and racreatbn facflRies com kte? Yes No If No descdbe the status of completion. Are the common ehments Eeased to or the Homeowners' Assaciatlon? Yes Na V Yes describe the rental terms and o lions. Describe common elements and recreational facllltles. Freddie Mac Form 70 March 2005 Page 3 of 6 f=annla Mae Form 1004 March 2005 Farm 1004 - "4VIn707AL' appraisal sokerare by a b mode, inc. -1-B00-ALAMOOE Uniform Residen~al Appraisal Report Fllaf/ This report farm is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit In a planned unit development (PUD), This report form Is not dsslgned to report an appraisal of a manufactured home or a unit In a condominium or cooperative project. This appraise! report is subject to the following scope of work, Intended use, intended user, definition of market value, statement of assumptions and Ilrniting conditions, and certlilcatlone, Modfflcatiens, additions, or deletions to the intended use, Intended .user, defin€tlon of market value, or assumptions and limiting conditions are not perrnitted. The appraiser may expend the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, era permitted, SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, Including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the Interior and exterior -areas of the subject property, (2) Inspect the neighborhood, (3) Inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from rel[able public and/or private sources, and {5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The Intended use of this appraisal report Is for the lender/client to evaluate the property that is the subject of th(s appraisal for a mortgage finance transaction. INTENDED USER: The Intended user of this appraisal report is the lender/client. DERNfTION OF MARKET VALUE: The most probable price which a property should bring in a compatitlve and open market under al! condltlons requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit In this definition Is the oonsummation of a sale as of a apecifled date and the passing of title from seller to buyer under conditions whereby: {1) buyer and seller are typically motivated; (2) both parties are well Informed or well advised, and each acting in what he or she considers hie or her awn best Interest; (3) a reasonable time is allowed for exposure in the open market; {4) payment is made In terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration far the property sold unaffected by special or creative financing or sales concessions" granted by anyone associated with the sale. "Adjustments to the comparables must be made for spacial ar creative financing or sales concessions. No adJustrnents are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily Identifiable since the seller pays these costs In virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party Institutbnal lender that Is not already Involved In the property or transaction. Any adjustment should nct be calculated on a mechanical dollar for dollar cast of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's Judgment. STATEMENT OF ASSUMPTIONS AND LIMfTING CONDITIONS: The appraiser's certfiication in this report Is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research Involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch In this appraisal report to show the approximate dimensions of the Improvements. The sketch Is Included only to assist the reader in visualizing the property and understanding the appraiser's determination of Its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources} and has noted In this appraisal report whether any portion of the subject site Is located In an kientiiied Special Flood Hazard Area. Because the appraiser Is net a surveyor, he or she makes no guarantees, express or Implied, regarding this detem~inatlon. 4. The appraiser will not glue testimony or appear In court because he or she made an appralsa! of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise requlrad by law. 5. The appraiser has noted In this appraisal report any adverse conditions (such as needed repairs, deterloratlon, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research Involved in performing the appraisal. Unless otherwise stated In this appraisal report, the appraiser has no knowledge of any hidden or unapparent' physical deficienclas or adverse conditions of the property (such as, but not limited to, Headed repairs, deterloratlon, the presence of hazardous. wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are ne such condit[ons and makes ne guarantees or warranties, .express or Implied. The eppralser will not be responsible for any such conditions that do exist or for any engineering or testing that might be requlrad to discover whether such condltlons exist, Because the eppralser Is not an expert In the field of environmental hazards, this appralsa) report must not be considered as an environmental assessment of the property. 8. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that Is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or altaratlo,ns of the subject property will be performed in a prafessfonal manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 form 1004-'winTOTAL" appraisal soflwara by a 1e mode, hc. -1-800-ALAMODE Uniform Residential Appraisal Report FIIaN APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal In accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual Inspection of the interior and exterior areas of the subject property. I reported the condition of the Improvements in factual, specific terms, I Identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I pertormed this appraisal In accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my Oplnlon of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a .reliable sales comparison approach far this appraisal assignment. I further certify that I considered the cost and Incame approaches to value but did not develop them, unless otherwise indicated In this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering far sale of the subject property In the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, vedfled, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise Indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable. safes. 10, I verified, from a disinterested source, all Information In this report that was provided by parties who have a financial Interest in the sale or financing of the subject property. 11. I have knowledge antl experience in appraising this type of property in this market area 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property Is located. 13. I obtained the Information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that i believe to be true and correct. 14. I have taken into conslderatlon the factors that have an Impact on value with respect to the subject neighborheod, subject property, and the proximity of the subject property to adverse Influences in the development of my opinion of market value. I have noted in this appraisal report any adverse condttlons (such es, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse envlronmentai conditions, sta.) observed .during the Inspection of the subject property or that I became aware of during the research Involved In performing this appraisal. I have considered these adverse candlUons in my analysis of the property value, and have reported on the effect of the conditions on the value end marketability of the subject property. 15. I have not know#ngly withheld any significant Information from this appraisal report and, to the best of my knowledge, all statements and Information in this appraisal report are true and correct. i6. I stated fn this appraisal report my own personal, unbiased, and professional analysis, oplniens, and conclusions, which are subject only to the assumptions and limiting conditions In this appraisal report. 17. I have no present or prospective Interest in the property that Is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or oplnlon of market value In this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or natienal origin of either the prospective owners ^r occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for pertorming this appraisal or any future or anticipated appraisals was not conditioned on any agreement ar understanding, written or otherwise, that I would report {or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction In "value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event {such as approval 01 a pending mortgage loan applicat(on). 19. I personally prepared all conclusiens and opinions about the real estate that were set forth to this appraisal report. If I raged on significant real property appraisal assistance from any individual or Individuals In the performance of this appraisal or the preparation of this appraisal report, I have named such Individual(s) and disclosed the specific tasks perormed In this appraisal report, I certify that any Individual so named is qualified to pertorm the tasks. I have net authorized anyone to -make a change to any item in this appraisal report; therefore, any change made to this appraisal Is unauthorized and I will take no responsibility for It. 2Q. l Identified the lender/client In this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report, rrawia mac roan ru marcn zuuo Page 5 of 6 fannie Mae Form 1004 March 2005 Form 1004- "winTOTAL° appraisal software by a la mode, Inc. - f-800-ALAMOOE unirorm ~esieenrJai Appraisal Report 21. The lenderlcllent may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or fts successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or Instrumentality of the United States; and any state, the District of Columbia, or other Jurisdictions; without having to obtain the appraiser's or supervisory appraiser's Qf applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (Including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by ma or the lender/client may be subject to certain laws and regulations. Further, 1 am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23, The borrower, another lender at the request of the borrower, the mortgages or Rs successors and assigns, mortgage Insurers, govemmerrt sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transacticn that Involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature;' as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmisslon of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered contalning my odglnal hand written signature. 25. Any Intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penakties Including, but not Ilmited to, fine or Imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S OERTEFICATIOIV: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for th[s appraisal assignment, have read the appraisal report, and agree wRh the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility far the contents of this appraisal report including, but not Ilmited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified In this appraisal report Is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), Is qualified to perform this appraisal, and Is acceptable to perform this appraisal under~the applicable state law. 4. This appraisal report compiles with the Uniform Standards of Professional Appraisal Practice that were adopted antl promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were In place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "e{ectronic record" contalning my "electronic signature," as those terms are defined in applicable federal and/ar state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand wdtten signature. APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED} Signature Signature Name W. GregRothman Name Company Name RSR Aparalsers & Analysts Company Name Company Address 3 Lemoyne Drive Lemoyne PA 17043 Company Address Telephone Number 717-763-1212 Email Address grothman~rerrealtors.com Date o} Signature and Report Effective Date of Appraisal November 25, 2011 State Certification # GA-001455E or Slate License # or Other(descdbe) State # State PA Expirarion Date of Certification or License 6/30/2013 ADDRESS OF PROPERTY APPRAISED 826 Meadow Lana Camp Hiil, PA 17011 APPRAISED VALUE OF SUBJECT PROPERTY $ 190,000 LENDER/CLIENT Name Company Name Rhoads 8 Sinon, LLP Company Address 213 Market Street. Harrisburg PA 17108 Email Address Telephone Number Email Address Date of Signature _ _ State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ^ Dltl not Inspect subject property ^ Dld Inspect exterior of subject property from street Date of Inspection ^ Did Inspect Interior and exterior of subject property Date of Inspection COMPARABLE SALES ' ^ Did not inspect exterior of comparable sales from street © Did Inspect exterior of comparable sales Trom street Date of Inspection Freddie Mac Form 70 March 2005 Page 6 of 8 =annia Mae Form 1004 March 2005 Form 1004 - "WInTOTAL' appraisal softwaze by a la made, Inc. -1-800-ALAMOOE Subject Photo Page Subject Front 826 Meadow Lane Sales Price N1A Gross Uving Area 1,792 Total Rooms 8 Total Bedrooms 3 Total Bathrooms 1.5 Locatbn Suburban V'iesv Neutral Site .57 Acres Quality Q5 Age 1963 Subject Rear Subject Street I Paae ~`tll Form PIC3x5.SR - "WInTOTAL" apprals~ solN~are by a la mode, Inc. -1-8t70•ALAMDDE Subject Interior Pho#o Page ae s State Subject Interior 8213 Meadow Lane Sales Price N!A Gross Llving Area 1,792 Total Rooms 3 Total Bedrooms 3 Total Bathrooms 1.5 Location Suburban View Neutral Sfte 57 Acres Cualfty Q5 Age 1963 Kitchen Subject Interior pining RoomlLiving Room Subject Interior Bath Form LPICPIX.DSS LTIR -'WInTOTAL" appraisal software by a le mode, Inc. -1-800-ALAMDDE Subject interior Photo Page •--.yY:, Subject interior 826 Meadow Lana Sales Prue NIA Gross Living Area 1,792 7otaE Rooms d Total Bedrooms 3 Total Bathrooms 1.6 Location Suburban U~aw Neutral Site 57 Acres Dua{ity Q5 Age 1983 Bedroom SubJeet interior Basement Subject Interior Form LPICPIX.DSS LTIR - "WInTOTAL' appraisal satiware by a la mode, Inc. -1-8011-ALAMGDE Comparable Photo Page, Bemorrer Kent NIA Pr Address 828 hAeadow Lane Ci Cam Hill Coun Cumberland State PA Zi Code 17011 Lander Rhoads & Sinon LLP Comparable 1 8riarwood lane Prax. to Subject Sales Prlce Gross Livirq Area Total Rooms Total Bedrooms Total Bathrooms Lacatlon Naw Site Quality Age Comparable 2 Countryside Lane Prox tc Subject Sails Prlcs Gross Living Area Total Rooms Total Bedmoms Tatar Bathrooms Location View Site Quality Age Comparable 3 Redwood Couri Prox. tc Subject Sales Price Gross LivlnA Area Total Roams Total Bedrooms Total 8sihroans LocaAon View Site Quality Age Farm PIC3x5.CR-"lMinTOTAL' appraisal software by a la mode, Inc. -1-800-ALAMOOE Building Sketch I Page Btt Zl 8orrgwef ent N1A R e Address 826 Meadow Lane ' CN Cam Hill CquM Cumberland State PA Zi Code 17011 Lander Rhoads ~ Slnon LLP Farm SKT.BIdSkI -"NAnTOTAI"appraisal software by a la made, inc. - S-S00-ALAMOOE Plat Map Barawer Bent N/A Pr Address 828 Meadow Lane Ctt Cem H II Count Cu Berland State PA Zi Code 1 011 Lender Rhoads & Sinon LLP Fam MAP.PLAT - "WInTOTAL' appraisal software by a la mods, Inc. -1-1300•ALAMODE H46B/E AUCTInNS 901 North Second Street Harrisburg, PA 17102 Phone: {717) 233 - 0115 Fax: (717) 230 - 8996 email: billCu~hobbieauctions.com 12/14/11 Stanley Smith, Esq. Rhoads and Sinon 1 South Second Street Harrisburg, PA 17101 Dear Mr. Smith: As per your request, on December 5, 2011, f did inspect the contents of the estate of Charles E. Stoops located at 826 Meadow Lane, Camp Hill, PA 17011. Having been an auctioneer and an antique dealer for over twenty years, it is my opinion that the value for estate evaluation purposes of the aforementioned items is as follows: Ford Winnebago Adventurer, 2001, 11,393 miles, fair to poor condition $28,000.00 2001 Suzuki Grand Vitara, silver, 4 door, Fair condition, 52380 miles $3130.00 1986 -Chevy Silverado pick up, 4 door, 53604 miles, poor condition $700.00 1995 Buick Park Avenue, 4 door, 31950 miles, fair condition $3230.00 Living Room - 42" Sony TV- Wega $100.00 Electronic gear, Sony and Technics, and speakers $40.00 3 pieces upholstered furniture $-0- Pairend tables $25.00 Formica desk and chairs $1.00 Dell copier $20.00 Life Alert device $5.00 2 photos on wall $5.00 Egyptian print $5.00 7 shelves of books $15.00 Box with religious statue $5.00 Boxes, misc. clothes and Christmas decorations $5.00 Pair table lamps $10.00 Balance of items in room $5.00 Laundry Toilet room -Misc. household storage and supplies and food. $-0- . Kenmore dryer and Maytag washer $40.00 Quartz wall clock and barometer $5.00 Garage - Honda Shadow converted tricycle, 750 MM, '! 00 miles $5000.00 :~~ ~Y~c ~~ ~~~ ~; ~ Motorized wheelchair, Invacare $200.00 Toro snow blower, 7 HP $250.00 10000 EXL Generac generator $300.00 150 PSI, 6 HP, 30 gallon Craftsman compressor $200.00 70 HV pressure washer, Craftsman $100.00 3 boxes clothing and cloth $-0- 2 metal file cabinets with personal papers $20.00 Balance misc. storage and yard tools $25.00 Porch - Wood breakfast set $40.00 3 lawn chairs $15.00 Boxes and piles of misc. storage and household supplies $-0- Baskets $5.00 Garden statuary, thermos, and cushions $10.00 2 patio tables and lamp $25.00 2 thermos coolers $5.00 Holiday mini refrigerator $20.00 Carved wood chest $40.00 Newer chest with drawer $25.00 Balance of misc. household storage, fans, toilet seat, etc. $10.00 Basement - Much flood damaged storage $-0- Misc. household storage, vases, luggage, cleaning supplies $10.00 Christmas decorations $5.00 Bicycle, Kenmore chest freezers both flooded $-0- Stairway - 3 plaques $-0- Living Room-Victorian style ladies and gents chairs $100.00 Victorian medallion style couch $90.00 Duncan Phyfe style white marble top table $60.00 Wicks organ, to be appraised by Wicks Organ Company Hailun high gloss piano with bench $100.00 4 French petit point style prints $40,00 Gone With the Wind style piano table lamp $75.00 Small Duncan Phyfe style white marble top table $40.00 Table and 6 chairs $50.00 Breakfront $40.00 Contents, top -China service for 8, Theodore Haviland, New York $75.00 3 shelves of milk glass, some pattern glass, Misc. items, vases $50.00 Contents, bottom -Community plate $10.00 Glass birds $20.00 Cloth table items $5,00 Linens $10.00 Misc. table items $5.00 Top - 7 various decorator items $20.00 Display case $75.00 Contents - All glass geometric cube pattern pitchers, glasses, stemware $75.00 Mugs $5.00 Top -Decorator birds $5.00 Kitchen - Top cabinets -Usual household storage, food, everyday China and glasses $20.00 Bottom cabinets -Everyday storage, Tupperware, cleaning Supplies $10.00 Counter -Pots and pans, utensils $5.00 6 wall plaques $10.00 Clock and flower pictures $5.00 Wood table and 4 chairs $25.00 Sansui TV and Zenith VCR $25.00 Whirlpool refrigerator $90.00 Balance of items in room $5.00 Porch - Dog house and wood chair $5.00 Gazebo - Iron porch couch $10.00 Wood lawn furni#ure $20.00 Lloyds record player $-0- Craftsman shop vac, rough $10.00 Miscellaneous storage $5.00 Shed - Craftsman push mower, 6.75 HP $40.00 Craftsman 21 V Twin mower $300.00 2 wheelbarrows $10.00 Lawn and garden supplies $10.00 Worx weed whacker $5.00 Misc. lawn and garden tools $25.00 Ryoal weed whacker $25.00 Plastic chair and balance of items in gazebo $10.00 Hall closet - Clothes $-0- Hall - 2 petit point type pictures $5.00 Mirror and picture $5.00 Bath - All personal supplies and storage $-0- Bedroom # 1-Closet, clothes $-0- Bed set., bed, dresser, chest, 2 mirrors, 2 nightstands, With faux wood carving $100.00 Bureau, clothes, watches, misc., mirrors, personal $10.00 Chest, Clothes and miscellaneous $-0- 2 petit point type pictures $10.00 Vizio TV $5.00 Carved wood chest $40.00 Contents -clothes $_p_ Lamps $10.00 Box, "Haiti", carved and containing costume jewelry $5.00 Clothes $_p_ Balance of items in room $5.00 Bath - All personal items and storage $-0- Bedroom # 2-2 port scene paintings Bed set, dark Formica, bed, chest, 2 nightstands Contents, clothes Carmel slag Tiffany type table lamp Cedar chest Contents, blankets Closet, clothes Balance of items in room Bedroom # 3-Closet, clothes Kneehole desk 2 metal 2 drawer files Brass music stand Cedar chest Contents, blankets Sailboat painting signed Stoops Miscellaneous office items Balance -all books and personal papers Attic - Empty TOTAL $10.00 $2o.ao $-0- $175.00 $50.00 $-0- $_0_ $5.00 $-0- $40.00 $10.00 $20.00 $50.00 $-0- $20.00 $10.00 $-0- $-0- $43,876.00 Hoping that this appraisal is helpful to you, l ask that you phone my office if you have any questions. I thank you for letting me~Ibe of service in hi m er. Sincerely, ~~,~`-- William W. Hobbie, Auctioneer TOTAL PER APPRAISAL $43,876.00 LESS: MOTOR VEHICLES REPORTED SEPARATELY (40,060.00) TOTAL HOUSEHOLD AND PERSONAL ARTICLES $ 3,816.00 ~~Motor vehicles are reported as separate items on PA Inheritance Tax return. _ ~_ f7 0 a -~ N K O ~ 1, W .. N ~ (~3~ ~ ~ .~J ~ N ~NJ -~ ~ N 1 1 v Ct~ O W ~ p ~ N tD G:~ ~ O ~ ~ C=.` O c~ c, ~ `~~r ~~ZO ~~I'"~ -~CrD N ~ D ~ r- CSO NCiC~%CJ N-IC~Z c~~i,~n~ ~ ~ U1 . r Q;1 (NJi ~-I ~ 0 ~ ~ ~ ~ N ~1 ~ N "il ~ -a ~' ~ -` 7. ~ -ri C N ~ C T p C r r. °Z-W ~Z-n~ op ~ -'~ Z ~ .~~'- c ~t7-0° ~vm D n zrn -~ ~ o z ~z nZ ~ rn x' ~~ ~ ~ ~ u~ ~ ~ ~ ~ '<~ ~ ~ w .n ~'. ~. W o v cc> W ~ ~~ ~ '-' C.: j rn ~ cs> ~ cn <s+~P ~ w ..~ W O J ~_ n N ~ N .., N -P ~ r o ~ p ~ _ ~z °o Q o ° ac 3 ~ ~ ~ ~ ~ ~ ~ ~ c ~ ~ „- -+ D ~+N `' ~ p N N ~ ~ C C ~ d -s ~ 0 ~ QA /~ O O 0 ~ p O O ~ ~ ~ N ~~ ~-J O 9 p ~ r v D ~ ~, ~ ~ = a d ~ w ~ J:` N F~ ~ l.T~ W {~.'. `~ ~ ~ ~ 'J ~ ~ ~~ ~ N W CD IV ~ ~ ~ U'i ~ CJl ~ C ~ f7 rr ~ ~ ~ v ~ o s ~ ~ tD ~ p o 3 ~3 ~ O ^ ~ Q ~ h v~ ~ ~r N ~' ~ ~ ~ ~ n ~ ~ ' .~ 1 ~ ~ W N N O ~ ~ 0 0 0 ~ 1 1 1 1 = 0 vl ~ ~ O n ~ ~ n ~v v~ c~ ° o , , vp o c~ ~~ C N N N ~ ~ -, ~ O N O C O ~ C 7 ~ ~ D ~ ~ p o °- ~ c ~ o' ~ ,., m < v .. .. .. c ~ y~ O O ~ ~ ~. ~ ~ ~ ~ n ~ ~ _ D r rn Fax Server 12/1/2011 1:54:33 PM PAGE 2/002 Fa}: Server John Hancock Life Insurance Company (U.S.A.) John Hancock Annuities Service Center 164 Corporate Drive, Portsmouth, NH 03801-6815 Mailing Address: PO Box 9505, Portsmouth, NH 03802-9505 (800)344-1029 www.jhannuities.com December 1, 2011 Thomas P. Wertz Fax 866-2 ~2-0221 Dear Mr. Wertz: RE: CONTRACT; CERTIFICATE #: 8110510 the future is yours This letter is in response to your request for information concerning the above referenced annuity contract. Our records indicate that the value of this account as of November 25, 2011, was $179,915.76. If you have any questions about this letter or the contract, please call us at 800-~44-1029. Our Client Services Representatives are available on weekdays from 8:00 a.m. to 6:00 p.m. EST. Sincerely, John Hancock Annuities LJ(t 1ll5L1r11-Ct. LN1l1llit5. L1Clt1(lllig P,JOIIP NtliL1111t5lIIL PPDdLiC[515511td ~~' bull HAPCDCk Lift Inniranct Compnm' iU. S.A.j~, BkomLtld Hills. AfI •not ]ictnstd Lt Ntw York Dec 28 2811 17:29;59 MetLife -> Page B82 MetLife P.O.Box1D366 Des Moines IA 5D306-0366 MetLife December 6, 2011 Thomas Wertz Fax: 866-232-0221 RE: METLIFE INVESTORS USA INSURANCE COMPANY CONTRACT 3202130319 OWNER MLPF&S CUSTODIAN FBO CHARLES E STOOPS ANNUITANT CHARLES E STOOPS Dear Mr. Wertz: Thank you for your recent inquiry regarding the current contract value of the above referenced annuity. As of November 25, 2011, the contract value was $168,718.93 and the death benefit value was $168,718.93. If you have any questions, please contact our Customer Service Center at 1-800-343-8496 Monday through Friday between 8:30 a.m. and 6:30 p.m., ET. Sincerely, Jeremy Magill Sr. Annuity Representative -Client Services MetLife Annuity Operations and Services ~" Transamerica ~d~~isars Life lnstrra~ice Coi~pan}; ~` December 8, 2011 CHARLES E STOOPS CJO MERRILL LYNCH LIFE AGENCY INC ATTN: THOMAS P WERTZ 214 SENATE AVENUE CAMP HILL PA 17011 RE: Annuity Number(s) IVC063007932 Dear Claimant: Transa~nerie~. advisors Life Ir~sna:ance Compaixy= ,administrative Office: 433 ~ Edgewood Road NE Cedar Rapids, IA 52499 We have xeceived notification of the death of Charles E Stoops. We extend our sincere condolences to you for your loss. The information in this letter is being provided to assist you in submitting death claim paperwork. Our records reflect the following information regarding this annuity: Annuitant: Owner: Claimant: Annuity value: Annuity type: Tax 2nformation Charles E Stoops Charles E Stoops Charles E Stoops 100 $72,344.12 as of 11/25(2011 Non-Qualified This letter includes general tax information that should not be relied upon for personal tax planning. Transamerica Advisors Life Insurance Company does not give legal, tax, or accounting advice. You may want to consult your attorney, tax advisor, or accountant with questions regarding the direct tax consequences when selecting an option. General Information Automatic operations such as Systematic Payouts, Automatic Payments, Dollar Cost Averaging, and Rebalances have been stopped.