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07-19-12
J 1505610143 REV-1500 Ex(°'-'°' PA Department of Revenue Pennsylvania OFFICIAL USE ONLY Bureau of Individual Taxes UEPARTNENTOFREVENUE County Code Year File Number Po Box.2aoso~ INHERITANCE TAX RETURN 21 11 1215 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 201 07 9611 10 23 2011 11 13 1923 Decedent's Last Name Suffix Decedent's First Name MI CHRISTIE RUSSELL yJ (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death prior to 12-13-82) ^ 4. Limited Estate ^ qa Future Interest Compromise 5. Federal Estate Tax Return Required (date of death after 12-12-82) ^ a g Decedent Died Testate (Attach Copy of Will) ~ ~ Decedent Maintained a Living Trust 0 (Attach Copy of Trust) 8. Total Number of Safe Deposit Boxes ^ 9. Litigation Proceeds Received ^ 1 p. Spousal Povert Credit (date of death between 12-31 ~f and T-1-95) ^ 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number EDMUND G MYERS (717) 761 4540 +~.~ First line of address 301 MARKET STREET Second line of address PO BOX 109 City or Post Office LEMOYNE Correspondent's a-mail address: egnlGjdSW.C01'lll 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. SIGNAT E OF PERSON RESP NSIBLE FOR FILING R TURN DATE ~ « Russell Scott Christie ? ~i~ / 20 r L ADDRESS State ZIP Code PA 17043 REGISTEILLS US` ~N Llt~t7 ~~.r - ~ <w~ ~3 ~ ~ ~ ' ~ Y'° t t s i' `i ~ r ~ C.Fi" ' l~ :i t'.3 ~' _ `T-~ D~'TE FILED ~~ `''O 507 Deubler Road Cam Hill PA 17011 SIGN E OF PREPq~E OTHER THAN REPRESENTATIVE .l/fv/\ DATE EDMUND G. MYERS '1 ~ ~ ~( ADDRESS 301 MARKET STREET, Lemoyne, PA 1505610143 Side 1 1505610143 J ,; i ~..~ i REV-1500 EX ~eoedenYSName: CHRISTI E, RUSSeII W Decedent's Social Security Number 201 07 9611 RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3. 4. Mortgages & Notes Receivable (Schedule D) ........................................................ 4 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............... 5 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous inn; Probate Property (Schedule G) u Separate Billing Requested............ 7, 8. Total Gross Assets (total Lines 1-7) ..................................................................... g, 9. Funeral Expenses & Administrative Costs (Schedule H) ....................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............................. 10. 11. Total Deductions (total Lines 9 & 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 COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 15. 16. Amount of Line 14 taxable 2 032 712.72 at lineal rate X .045 r r 16. 17. Amount of Line 14 taxable at sibling rate X .12 0.00 17. 18. Amount of Line 14 taxable at collateral rate X .15 0 . 0 0 18. 19. Tax Due .................................................................................................................. 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 15D561D243 245,755.65 288,734.93 97,500.00 1,435,404.26 2,067,394.84 32,979.86 1,702.26 34,682.12 2,032,712.72 2,032,712.72 0.00 91,472.07 0.00 0.00 91,472.07 Side 2 15D561D243 15D561D243 Rev-7503 EX+(8-98j COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF CHRISTIE, Russell W All property jointly-owned with right of survivorship must bedisclosed on Schedule F. FILE NUMBER 21-11-1215 ITEM CUSIP NUMBER NUMBER DESCRIPTION VALUE AT DATE UNIT VALUE OF DEATH 1 543916704 7,937.898 shares of Lord Abbett Invt. Tr Mutual Fund -Wells 4.55 36,117.44 Fargo Account 543916704. Date of Death Value as per EstateVal attached to this Return 2 543916100 46,380.134 shares of Lord Abbett Invt. Tr Mutual Fund - 4.52 Wells Fargo Account 543916100. Date of Death Value as per EstateVal Valuation attached to this Return TOTAL (Also enter on Line 2, Recapitulation) (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. 209,638.21 245,755.65 Form PA-1500 Schedule B (Rev. 6-98) Rev-1508 EX+ t6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN ESTATE OF FILE NUMBER 21-11-1215 -•--- ° ~- r~ ~w=~~ ~~ ~„~aa~~~~ ~ a~ ~~ u ro vale me proceeas were receivetl by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Wells Fargo Advantage Fds Account No. 994985D756 -Date of Death Value as per EstateVal attached to this Return 2 Wells Fargo Cash Deposit Account -Date of Death Value as per EstateVal attached to this Return 3 Wells Fargo Certificate of Deposit Account No. 3222 -Date of Death Value from Wells Fargo is Attached 4 2003 Buick Park Avenue -Valued using Kelly Blue Book. Valuation is attached to this Return 5 Cordier Auctions and Appraisals -Value of Auction and Sale of Decedent's Personal Property. Listing of Sale dates and Values Received is Attached to this Return 6 Refund on Account -Automobile Insurance VALUE AT DATE OF DEATH 64,179.11 110,450.23 87, 970.84 5, 242.00 20,788.75 104.00 TOTAL (Also enter on Line 5, Recapitulation) I 288,734.93 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) Rev-1509 EX+t6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF CHRISTIE, Russell W A. Craig A Christie B C. 2212 Yale Avenue Son Camp Hill, PA 17011 JOINTLY OWNED PROPERTY: ITEM LETTER FOR JOINT DATE MADE DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH % OF TH DAVA~UE NUMBER TENANT JOINT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR VALUE OF ASSE DECD'S OF DECEDENT'S INTEREST JOINTLY-HELD REAL ESTATE. INTEREST 1 A 11/07/2005 Real Estate located at 2212 Yale Avenue, 195,000.00 50.000% 97 500 00 Camp Hill, Cumberland County, PA - , . Contracted Sales Price. Property sold on March 15, 2012. A copy of the HUD-1 is attached to this Return TOTAL (Also enter on Line 6, Recapitulation) (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. LE NUMBER 21-11-1215 If an asset was made joint within one year of the decedent's date of death, it must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT 97, 500.00 Form PA-1500 Schedule F (Rev. 6-98) Rev-1510 EX+(6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT :SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER 21-11-1215 I nls scnedule must be completed and filed rf the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY THE DATE OF TROANSFER SATTACIi A COPY OF TIHE DEIED OR REAL ES ATE. DATE OF DEATH VALUE OF ASSET %OF DECD'S INTEREST 1 311 shares of Ares IRA Account -Son, R. Scott 4,630.79 Christie, Beneficiary 2 Dewberry 401(k) Profit Sharing Plan -Date of Death 22,044.77 value of Account as Provided Son, R. Scott Christie, Beneficiary 3 JP Morgan Funds -Value of Account as of Date of 32,062.25 Death. Date of Death Valuation Letter is Attached. Sons, R. Scott Christie and Craig A. Christie, Beneficiaries 4 Wells Fargo IRA Account No. 6 -Son, R. Scott 2,608.50 Christie, Beneficiary 5 Wells Fargo IRA Account No. 7314 -Son, R. Scott 17,600.58 Christie, Beneficiary 6 Wells Fargo IRA Account No. 7743 -Son, R. Scott 13,442.18 Christie, Beneficiary 7 Charlotte H. Christie Trust Account held at Charles 771,867.31 Schwab -Sons, R. Scott Christie and Craig Christie, Beneficiaries 8 Russell W. Christie Living Trust Account held at 571,147.88 Charles Schwab -Sons, R. Scott Christie and Craig Christie, Beneficiaries ~xcLUSION TAXABLE APPLICABLE) VALUE 4,630.79 22,044.77 32,062.25 2,608.50 17,600.58 13,442.18 771, 867.31 571,147.88 TOTAL (Also enter on Line 7, Recapitulation) I 1,435,404.26 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) REV-1151 EX+i10-06) COMMONWEALTH OF PENNgYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF CHRISTIE, Russell W SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21-11-1215 ITEM NUMBE A. FUNERAL EXPENSES: See continuation schedule(s) attached Debts of decedent must be reported on Schedule I. DESCRIPTION B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) AMOUNT 11,315.00 Street Address City State Zip Year(s) Commission paid 2. Attorney's Fees JOHNSON DUFFIE 15,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3 500.00 Claimant Craig A. Christie ' Street Address 2212 Yale Avenue city Camp Hill state PA Zip 17011 Relationship of Claimant to Decedent SOn 4. Probate Fees 482.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 615.00 7. Other Administrative Costs 2,067.36 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 32,979.86 Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued CHRISTIE, Russell W FILE NUMBER 21-11-1215 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex enses 1 Burial Plot Expense 825.00 2 Gingrich Memorials - Gravemarker Expense 165.00 3 Myers-Harner Funeral Home 10,325.00 H-A 11,315.00 Other Adminict~a+~~a Costc 4 Cumberland County Register of Wills Office -Filing Fees for Inheritance Tax Return and 30.00 Inventory 5 Cumberland County Register of Wills Office -Additional Probate Fees 50.00 6 Reserves: Additional Miscellaneous Administrative Fees and Costs 300.00 7 Senior Helpers -Care Giver Services 1,450.33 8 The Cumberland Law Journal -Notice of Estate Administration 75.00 9 The Patriot News Co. -Notice of Estate Administration 162.03 H-67 2,067.36 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+(12-08) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF CHRISTIE, Russell W FILE NUMBER 21-11-1215 Report debts incurred by the decedent prior to death that remained unpaid atthe date of death, including unreimbursed medical expenses. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Internal Revenue Service -Taxes due on 2011 Personal Income Tax Returns 1.554.00 2 Verizon Wlreless 6.09 3 Verizon Wlreless 43.17 4 Wells Fargo Advantage Fds Account No. 994985D756 -Charge for Date of Death Valuation of Account 25.00 5 Wells Fargo Visa Account No. 4147 3073 9149 5368 - Payment of Visa Debt 74.00 TOTAL (Also enter on Line 10, Recapitulation) I 1 702.26 (If more space is needed, additional pages of the same size) ' Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule I(Rev. 12-OS) REV-1513 EX+(11-08) COMMONWEALTHH OF PENNgYLVANIA IN ERITANCE TAX RETURN RE33IDENTTTT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF CHRISTIE, Russell W NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I~ TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 a 1.2 1 Craig A Christie 5178 Highbury Circle Sarasota, FL 34238 2 R Scott Christie 507 Deubler Road Camp Hill, PA 17011 FILE NUMBER 21-11-1215 RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE DECEDENT (Words) ($$$) Son ~ 1/2 of Estate Son ~ 1/2 of Estate I ~ Total Enter dollar amounts for distributions shown above on lines 15 throw h 18 on Rev 1500 cover sheet, as a ro I NON-TAXABLE DISTRIBUTIONS: II. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 11-08) ESTATE OF R USSELL W. CHRISTIE SCHEDULE OF EXHIBITS EXHIBIT A EXHIBIT B EXHIBIT C EXHIBIT D EXHIBIT E EXHIBIT F EXHIBIT G EXHIBIT H EXHIBIT I EXHIBIT J EXHIBIT K EXHIBIT L EXHIBIT M EXHIBIT N EXHIBIT O Last Will and Testament for Russell W. Christie signed and dated on August 6, 1998. Russell W. Christie Revocable Living Trust Estate Val Valuation for Lord Abbett Shares held at Wells Fargo. Wells Fargo Date of Death Valuation of Cash Account and Cash Sweep Account using Estate Val. Wells Fargo Date of Death Valuation of Certificate of Deposit Account. Kelly Blue Book Valuation for Decedent's Automobile at Date of Death using Fair Condition Value. Cordier Auctions and Appraisals Listing of Sale Value of Items Auctioned. HUD-1 Settlement Sheet for Sale of Decedent's Real Estate owned jointly with son. Property sold. Dewberry 401 K Account. Email received from Executor regarding Date of Death Value ofAccount. JP Morgan Date of Death Letter for Account. Wells Fargo Date of Death Valuation for IRA Accounts. Charlotte H. Christie Date of Death Valuation of Trust Account from Charles Schwab. Russell W. Christie Date of Death Valuation of Trust Account from Charles Schwab. Page 1 of Charlotte H. Christie Pennsylvania Inheritance Tax Return Charlotte H. Christie Revocable Living Trust so2az2 LAST WILL AND TESTAMENT OF RUSSELL W. CHRISTIE I, RUSSELL W. CHRISTIE, of the Borough of Camp Hill, Cumberland County, Pennsylvania, being of full age and sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking all Wills and Codicils previously made by me. ITEM ONE A. In the Trust referred to in Item Three of this, SAIDIS, SHUFF ~ MASLAND ATTORNEYS•AT•LAW 2109 Market Street Camp Hill, PA my Last Will and Testament, I have authorized my Trustee to provide for the payment of all (a) my legally enforceable debts; (b) the expenses of my last illness and funeral; (c) the administration expenses payable by reason of my debt; and, (d) the estate and inheritance taxes (including interest and penalty, if any) payable in any jurisdiction by reason of my death (including those taxes and expenses payable with respect to assets which do not pass under that trust). B. Any debts, expenses and death taxes not paid by my designated trustees, shall be payable by my executor out of my residuary estate without apportionment and without seeking reimbursement recovery or contribution from any person. ,%'~ l~C----~ W ~ithibt~- J Fa- J Q J ITEM TWO A. I give all the tangible personal property that I own at my death, including any household furniture and furnishings, automobiles, books, pictures, jewelry, art ~ objects, hobby equipment and collections, wearing apparel and ~ other articles of household or personal use or adornment, to my beloved spouse, CHARLOTTE H. CHRISTIE, if she is living on the 30th day after the date of my death, or if my spouse, CHARLOTTE H. CHRISTIE, is not then living, to such of my children as are living on the 30th day after the date of my death, in shares of substantially equal value, to be divided in such manner as they shall agree, or, if they shall fail to agree upon a division within six months after the date of my death, as my personal representative shall determine. B. A11 costs of safeguarding, insuring, packing, and storing my tangible personal property before its distribution and of delivering each item to the place of residence of the beneficiary of that item shall be deemed to be expenses of administration of my estate. ITEM THREE SAIDIS, SHUFF ~a MASLAND ATTORNEYS•AT•I.AW 2109 Market Street Camp Hill, PA I give all my residuary estate, which shall not include any property over which I have a power of appointment, to the acting trustee or trustees of that certain trust already created by me known as the RUSSELL W. CHRISTIE 2 REVOCABLE LIVING TRUST, dated _~~_.~' (p s/t~ 1998 as in effect at my death of which I am currently trustee and my sons, Russell Scott Christie and Craig Allen Christie are currently successor trustees. ITEM FOUR A. I hereby appoint my spouse, CHARLOTTE H.. SAIDIS, SfIUFF ~ MASLAND ATTORNEYS•AT•I.AW 2109 Market Street Camp Hill, PA CHRISTIE, as executrix of my estate, or in the event my spouse, Charlotte H. Christie fails or ceases to act as executrix of my estate, I appoint my sons, RUSSELL SCOTT CHRISTIE and CRAIG ALLEN CHRISTIE, as co-executors. Nc~nP ~~ my executors shall be required to post bond in this or any other jurisdiction. B. I empower my executors (1) to make such elections under the tax clauses that my personal representative deems advisable including an election to create qualified terminable interest property for estate tax purposes and, (2) to qualify any portion of the marital trust for the federal estate tax marital deduction and, (3) to exercise his or their discretion in the payment of postponement of the payment of Pennsylvania inheritance tax. ~~iJ C_~- 3 ITEM FIVE For the purpose of determining who is the descendent of mine or any other person, legal adoption before the person adopted reaches the age of 18 years shall be the equivalent in all respects to a blood relationship. IN WITNESS WHEREOF, seal this (~' ~ day of I have hereunto set my hand and 1998. f ~,. RUSSELL W. CHRISTIE SAIDIS, SIIUFF 8~ MASLAIVD ATTORNEYS•AT•LAW 2109 Market Street Camp Hill, PA Signed, sealed, published and declared by RUSSELL W. CHRISTIE, Testator therein named, on this and three (3) other sheets of paper as and for his Last Will and Testament in our presence, who, in his presence and at his and in the presence of each other have hereunto subscribed our names as attesting witnesses. Y" ~_ Name ~. ddress ~ Address Name 4 COMMONWEALTH OF PENNSYLVANIA) SS. COUNTY OF CUMBERLAND) WE, the undersigned, the Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument ae his Last Will and Testament and that he signed willingly (or willingly directed another to sign for him), and that he executed it as his free will and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator signed the Will as witnesses and that to the best of their knowledge the Testator was at that time eighteen years of age or older, of sound mind, and under no constraint or undue. influence. ~ ~.KiLR.--,Z.-~ Testator °"" _ < ~xc-~C.r~ Witness Witness SAIDIS, SHUFF ~ MASLAND ATTORNEYS•AT•LAW 2109 Market Street Camp Hi11, PA Subscribed, sworn to and acknowledged before me by the testator, and~~ ubscribed and ~v~orn to before me by both witnesses, this day of ~,1~(i,~-~ 1998. ~~1N No ry P Notarial Seal ~~ Shelby L. Yingling, Notary Public Camp Hill Boro, Cumberland County My Comr~isslon Expires April 8.2000 ®t~ ®P. PennSylvanla Assoclatlon of Notaries 5 RUSSELL W. CHRISTIE REVOCABLE LIVING TRUST ade in duplicate this ~ day of This trust agreement is m 1998, between Russell W. Christie, hereinafter ~~ " and Russell W. Christie, hereinafter called called 'Settlor ~ to be called the 11RUSSELL W. CHRISTIE LIVING "Trustee and is TRUST". Fundinct of Trust FIRST: Settlor hereby transfers to trustee the assets listed in Schedule A. Settlor, as well as others, shall have the right to deposit additional property with the trust. Trustee shall hold all property that is transferred to-this trust on the terms herein set forth. Lifetime Trust p,, During the life of Settlor, trustee shall pay SECOND: and distribute to Settlor and his wife any principal and income from the trust estate as Settlor may direct in writing lodged with the trust records. -Checks drawn on accounts in the name of this trust and signed by Settlor as trustee shall constitute such writing. Any gifts to individuals and recognized charities (I.R.S. §501 (c) (3} organizations) , directed by Settlor to be made from this trust shall be considered a withdrawal by Settlor and shall be deemed to have been made directly by Settlor. a ~~ J B If at any time settlor shall become reason of age or mental or physical disability, incapacitated by the successor co-trustees, in their absolute discretion, may apply the income and principal hereunder to or for the benefit of settlor or his wife for their health, maintenance and support. Marital Trust THIRD: On settlor's death, if settlor's wife, Charlotte H. Christie, survives settlor, trustee shall hold in separate trust without deduction for estate or inheritance taxes the minimum amount which must be added to the value of all other property in settlor's gross taxable estate for which the marital deduction is allowed in order to give settlor's estate a marital deduction that will reduce federal estate tax on settlor's estate to the lowest possible amount. Such minimum amount shall be.determined after first taking into account the aggregate amount of the deductions allowed under Sections 2053 and 2054 of the Internal Revenue Code of 1986, as amended, and its successors and any credits except the following: A, The state death tax credit to the extent that its use would require an increase in the amount of state death taxes paid; and g, The credit for tax on prior transfers to the extent that credit arises from transfers 2 to settlor from individuals who die after settlor. The size of this trust shall be determined as though settlor' s executor elected to qualify it for the marital deduction in accordance with Section 2056 (b) (7) of the Internal Revenue Code or its successors, regardless of whether settlor's executors, in fact, so elect. settlor recognizes that, depending on the amount of other bequests, the amount of settlor's non-testamentary dispositions, the amount of state death taxes, and other factors, the marital trust may be non-existent. Property not qualified for the marital deduction shall not be allocated to the marital trust. Trustees shall select and distribute to the marital trust the cash, securities, and other property that shall constitute the marital trust, employing for the purpose of valuation the adjusted basis of the asset for federal estate tax purposes, provided that the assets distributed shall be selected in such a manner that they shall have an aggregate fair market value fairly representative of the appreciation or depreciation in the value to the date or dates of distribution of all assets then available for distribution. During the lifetime of settlor' s spouse, trustee shall hold and distribute the marital trust as follows: trustees shall pay and distribute to or for the benefit of settlor' s spouse the entire net income from the principal of the marital trust, and these payments shall be made periodically but not less frequently than 3 quarterly. In addition, trustees shall from time to time pay to settlor's spouse, or shall apply directly for the benefit of the spouse, as much of the principal of the marital trust as trustee, in its absolute discretion, may consider desirable for the spouse's heath, maintenance, and support, after considering all resources available to the spouse. If settlor's spouse and settlor should die under circumstances that render the order of their deaths uncertain, for the purposes of this gift it shall be conclusively presumed that settlor's spouse survived settlor. In such event, however, (in lieu of the amount above specified), this gift shall consist of the amount but no inore of the principal held under this agreement without deduction for estate or inheritance taxes that must be added to the value of all other property for which the marital deduction is allowed, in order to give settlor's estate a marital deduction that would result in the lowest total of federal estate tax on settlor's estate and settlor's spouse's estate. Such amount shall be determined on the assumption that settlor's spouse died after settlor on the date of settlor's death and that the spouse's estate was valued as of the date on, and in the manner in, which settlor's estate is valued for federal estate tax purposes. If any property that is part of the marital trust shall be or become unproductive of income consistent with its value, settlor's wife may require trustee to make it productive or convert it within 4 a reasonable time to property that is clearly productive of income consistent with its value. Qualified Terminable Interest Pro ert Election FOURTH: By will, settlor has given the executor the absolute discretion to determine whether to elect Section 2056(b)(7) of the Internal Revenue Code of 1986, or its successors, to qualify any portion of the marital trust for the federal estate tax marital deduction. Generally, settlor anticipates that settlor's executor will elect to minimize the estate tax payable by settlor's estate. However, settlor expects that some consideration be given to the estate tax payable in the estate of settlor's spouse, especially if the spouse should die prior to the time the election is made. The determination of settlor's executor with respect to the exercise of the election shall be conclusive on all affected persons. Distribution of Marital Trust U on -the Death of Settlor's Spouse FIFTH: On the death of settlor's spouse, trustee shall deduct and pay to the spouse's personal representative, from that portion of the principal of the marital trust, an amount equal to any additional administration expenses and estate and inheritance taxes assessed against the spouse's estate by reason of the inclusion in it for tax purposes of the then-remaining principal of 5 the marital trust. Such amount shall be determined by my trustee, whose determination shall be conclusive, and trustee may rely on a written certification of the personal representative of the estate of settlor's spouse of the amounts payable as being correct. Any then-remaining balance of unappointed principal of the marital trust shall be distributed to such one or more persons who are descendent's of mine, or who at any time were married to a descendent of mine, as my spouse may appoint by will specifically referring to this power of appointment. In absence of the exercise of her power of appointment, said unappointed principal shall be added to and form a part of the principal of the residuary trust and held as though originally a part of it. If the residuary trust shall not have been created for any reason or shall have been exhausted, the remaining principal shall be held in trust on terms and conditions specified for the residuary .trust. Effect of Disclaimer of Marital Trust SIXTH: If settlor's spouse or the guardian or personal representative of the spouse's estate should disclaim the spouse's interest in any portion or all of the marital trust, the disclaimed property shall be added to the residuary trust to be held and distributed as though originally a part of it. If the residuary trust shall not have been created for any reason or shall have been exhausted, such portion of the marital trust shall be held and 6 distributed on the same terms and conditions provided below for the residuary trust. All of the provisions of the residuary trust in favor of settlor's spouse shall apply to the disclaimed property despite the disclaimer, except to the extent the spouse explicitly disclaims the benefit of such provisions (in their application to the disclaimed property) as well. Res____iduary Trust SEVENTH: On settlor's death, if settlor's spouse, Charlotte H. Christie, survives settlor. for a period of thir_.ty (30) days, trustee shall segregate in a separate trust ("residuary trust"), the remaining principal held under this trust agreement and hold the same in trust on the following terms: A. Trustee shall pay the net income from the residuary trust at least as frequently as quarterly to or for the benefit of settlor's spouse. In addition, trustee shall pay and distribute to or for the benefit of settlor's spouse as much of the principal as trustee, other than settlor's spouse, in its absolute discretion, may consider desirable for the spouse's heath, maintenance, and support, after considering all resources available to the spouse. g. Upon the death of settlor's spouse, if the inter-spousal exemption from Pennsylvania death taxes was 7 applied at the time of settlor's death to this trust, trustees shall pay from the the principal of such trust the Pennsylvania death taxes, plus any interest and penalties thereon, due on the trust property at the death of settlor's spouse. The then .remaining principal shall be distributed to settlor's children, Russell Scott Christie and Craig Allen Christie, the share of a deceased child to be distributed to his issue, per stirpes. Distribution of Residuar Trust if Settlor's S ouse Does Not Survive Settlor EIGHTH: If settlor's spouse does not survive Settlor for a period of thirty (30) days, trustee shall distribute the residuary trust to such of settlor's issue,. per stirpes, the share of a deceased child to be paid to his issue, per stirpes. Adopted Persons NINTH: In the construction of any gift in this agreement to any person or persons described by relationship to Settlor or to another, any person adopted under the age of eighteen (18) years, whether adopted before or after settlor's death, shall be considered the "child" and "issue" of the person's adopting parent or parents. 8 Income Undistributed at Death of Beneficiary TENTH: All income that is undistributed and accrued at a beneficiary's death shall be treated as if it accrued afterwards. Minors and Incapacitated Persons ELEVENTH: If any income or principal becomes payable to any person who is under the age of 21 (hereinafter designated as a minor), or who is who in incapacitated, trustee shall hold such income and principal during minority or incapacity and shall be entitled to apply such income and principal to the health, maintenance, education, and support of such person during minority or incapacity without the appointment of any guardian or committee or any authority of court. Trustee shall be entitled to make direct application under this agreement or to make application by payment of income and principal to the parent or other person in charge of such minor or incapacitated person, or to his or her guardian or to a custodian under the Uniform Transfers to Minors Act. Any remaining income and principal to which such person shall be entitled shall be paid and distributed to such person on the termination of minority or incapacity. Protection of Beneficiaries (S~endthrift Provision) TWELFTH: No income or principal shall be assignable by a 9 beneficiary or available to anyone having a claim against a beneficiary before actual payment to the beneficiary; provided, however, any beneficiary may assign any part or all of the beneficiary's interest in my estate to any one or more of the beneficiaries of my descendants. Powers of Trustee THIRTEENTH: Trustee and his successors shall have the following powers in addition to those given by law to be exercised by them in their absolute discretion, which powers shall be applicable to all property held by them,. including property held for minors or. incapacitated persons effective without the order of any court, and until actual distribution of all such property. A. To retain any investments at discretion; g. To invest and reinvest at discretion without the obligation to diversify and without restriction to so-called "legal investments", with the specific right to invest in stocks, bonds and real estate, including non-income producing residential real estate for the occupancy of any present income beneficiary or beneficiaries, and in such common trust, diversified, money market and mutual funds as my trustee deems appropriate, including any such funds of any 10 corporate fiduciary hereunder or any successor or affiliated corporation or a holding company controlling it; C, To sell, to grant options for the sale of, or otherwise to convert any real or personal property or interest therein, at public or private sale, for such prices, at such times, in such manner and on such terms as they may think proper, and to execute and deliver good and sufficient conveyances, assignments and transfers thereof without liability of any purchaser to see to the application of the purchase money; D, To borrow money and to secure its repayment by mortgage of real or personal property, pledge of investments or otherwise, without liability on the part of the lenders to see to the application thereof ; E. To compromise claims by or against settlor's estate or any trust created hereunder; g. To allocate and distribute different kinds or disproportionate shares of property or undivided interest in property among beneficiaries or trusts, in cash or in kind, or partly in each; G. In any division of principal into separate trusts or shares, and in any distribution of 11 corporate fiduciary hereunder or any successor or affiliated corporation or a holding company controlingt; C, To sell, to grant options for the sale of, or otherwise to convert any real or personal property or interest therein, at public or private sale, for such prices, at such times, in such manner and on such terms as they may think proper, and to execute and deliver good and sufficient conveyances, assignments and transfers thereof without liability of any purchaser to see to the application of the purchase money; D, To borrow money and to secure its repayment by mortgage of real or personal property, pledge of investments or otherwise, without liability on the part. o.f the lenders to see to the application thereof; E, To compromise claims by or against settlor's estate or any trust created hereunder; g, To allocate and distribute different kinds or disproportionate shares of property or undivided interest in property among beneficiaries or trusts, in cash or in kind, or partly in each; G, In any division of principal into separate trusts or shares, and in any distribution of 11 trusts or shares, to allocate to any trust, share or beneficiary, property different from th.e property allocated to another trust, share, or beneficiary as the (corporate or disinterested) trustee using fair market values on the date of division ar distribution, deems appropriate; provided however, this power shall not be exercised in a manner contrary to any specific allocation of property elsewhere in this trust in a manner that renders ineligible all of any part of any gift for any tax deduction; H. To register investments in the name of an nominee or to hold the same unregistered in such form that they will pass by delivery; I. To join in any recapitalization, merger, reorganization or voting trust plan affecting investments; to deposit securities under agreement; to subscribe for stock and bond privileges; and generally to exercise all rights of security holders; J, To manage, operate, repair, alter or improve real estate or other property, and to lease real estate and other property on such terms and for such period as trustee deems advisable even for more than five (5) years and beyond the duration of any trust; 12 K. To receive from settlor or from any other source any real or personal property as additions to this trust by deed, will or in any other manner; L. To associate with them in the absence of a corporate fiduciary, an accountant, custodian, investment advisor and other agents and to compensate them from principal or income or both, as trustees shall determine, such compensation to be a reduction of the compensation of trustees, if any; M, To associate with them at any time, in their absolute discretion and of their choice, a corporate fiduciary which shall have the same powers as trustee, such designation by trustee and acceptance by a corporate fiduciary to be in witting; N. To delegate to a corporation the exercise of any powers, with the same effect as if the trustee delegating such power had joined in the exercise of such power, and to revoke any such power, provided, however, that the revocation of any such delegation shall be in writing delivered to and accepted by the corporate fiduciary; p. To combine, without prior court approval, any trust herein with any other trust with substantially similar provisions, although such other trust may have 13 been created by separate instruments and by different persons, and, if necessary to protect different future interests, to value the assets at the time of such combination and to record the proportionate interest of each separate trust in the combined fund, provided however, that no such. combination shall be permitted if the effect of such combination would be (1) to violate the applicable rule against perpetuities; (2) to disqualify any interest in one or more of such trusts for a deduction for federal estate tax purposes which would otherwise be allowable; or (3) to cause the loss of the exempt status of one or more of such trusts from the imposition of the generation-skipping tax; p. To exercise any stock options which the trustee may receive; to borrow such funds from any source as the trustee may deem necessary for the exercise of such options; and to pledge assets as trustee deems appropriate for this purpose; Q, To permit any present beneficiary to occupy any real estate forming part of any trust without rent or on such other terms and conditions as the [corporate or disinterested] trustee shall determine; R, No trustee sha7.1 be required to qualify before, be appointed by, or, in the absence of a breach 14 of trust, account to any count (and failure to account alone shall not be considered such a breach) ; nor shall trustee be required to obtain the order or approval of any court in the exercise of any power or decision granted hereunder; and S, To do all other acts and things necessary and appropriate in the management, administration ar_d distribution of this trust. pa ent of Taxes on Settlor's Estate Trustee shall pay any estate, inheritance and FOURTEENTH: other death taxes, together with interest and penalties that= shall Yo ert be payable by reason. of settlor's death upon the p p Y comprising his gross estate for tax purposes to the extent that the same shall not be paid by settlor's executor. For such purposes, trustee may advance to the executor of settlor such amount as may the executor of settlor for the payment of such be required by taxes. Trustee shall pay or advance the same out of the principal of the residuary trust. Loans and Adv the Estate of S ttlor Ss W fe's Estate and FIFTEENTH: Trustee is further authorized in its absolute discretion, to make such loans, advances or expenditures out of the principal of the residuary trust as trustee may consider desirable 15 in order to facilitate the settlement of the settlor's estate. In a in whole or in part the such authority, trustee may p Y exercising expenses of settlor's last illness and burial, debts, income taxees state or inheritance taxes, legacies, commissions, counsel f e reason of enses, owing by settlor or by and other administration exp trustee or to the his death, which payments may be made directly by beneficiary execution of settlor, and neither said executor nor u ds so loaned, shall be required to reimburse the trustee for any f advanced or expended. make trustee may Likewise, an the death of settlor's wife, imilar loans, advances or expenditures as trustee, in its absolute s discretion, may consider desirable in order to facilitate t e rind al settlement of-her estate, which shall be made out of the p p f the marital trust to the extent that the same has not been 0 her and is sufficient for such purposes, of erwise appointed by rincipal such loans, advances or expenditures may be made from the p of the residuary trust. Ri ht to Revoke or Amend Trust Reserved TH: settlor reserves the right to revoke or amend SIXTEEN this trust agreement in whole or in part at any time and from time to time by written instrument delivered to the trust records dur~_ng e lifetime of settlor. The duties, powers and liabilities of th trustee shall not be changed without his or their written consent. 16 A ointment of Substituted Trustee SEVENTEENTH: Following the resignation, incapacity or death Allen Christie, by of settlor, Russell Scott Christie and Craig signifying their acceptance in witting delivered to the trust records, shall become trustees hereunder. If either of them is unable or unwilling to act or to continue to act, then the other designated person shall become sole trustee. Should both substitute trustees be unable or unwilling to serve as such, then I appoint PNC Bank, N.A. as trustee. Waiver of Bond EIGHTEENTH: No fiduciary serving hereunder shall be required to furnish bond in any jurisdiction, and if any bond is necessary, no surety shall be required. Definition of Incapaci~ NINETEENTH: In determining whether settlor has become incapacitated so that successor trustees are authorized to exercise their authority as set forth herein, successor trustees shall ned by two (2) licensed physicians, obtain a certificate sig that h sician, if any, stating including the settlor's personal p y incapable of handling his own h sically or mentally settlor is p y financial affairs and shall lodge such certificates with the trust records. 17 Compensation of Fiduciaries TWENTIETH: Any corporate trustees serving hereunder shall be compensated as such in accordance with its standard charges for such trust services in effect from time to time during which such services are performed. Penns lvania Law Governin TWENTY-FIRST: Questions pertaining to the validity, construction and administration of the trusts created under this instrument shall be determined in accordance with the laws of this Commonwealth of Pennsylvania. Interchangeability of Lanauaae TWENTY-SECOND: Words used in the singular may be read to include the plural or the plural may be read as the singular. Similarly, the masculine form may be read to include the feminine and neuter; the feminine may be read to include the masculine and neuter; and the neuter may be read to include the masculine and feminine. Headings TWENTY-THIRD: The headings used on the various paragraphs of_ 18 this trust agreement are included for convenience only and shall have no legal significance. IN WITNESS WHEREOF, the parties hereto have set their hands and seals on this the ~ ~"~ day of .~A~~t,WW ~ 19 9 8 . f!j ~ f ~ 1 ° `. P /J~ {j RUSSELL W. CHRISTIE, SETTLOR ~(~~./y///~~_ Fib''/(+ 8 -} J(~ / ~ ~/# ~ '~ ~ `~ _ RUSSELL W. CHRISTIE, TRUSTEE 19 Estate Valuation RUSSELL W CHRISTIE Date of Death: 10/23/2011 Valuation Date: 10/23/2011 E state of: RUSSELL W CHRISTIE Processing Date: 12/20/2011 Ac count: 20501174 / 9621311768 Report Type: Date of Death Number of Securities: 4 File ID: 2050-1174 Shares or Par Security Description Mean and/or Div and Int Security High/Ask Low/Bid Adjustments Accruals Value 1) 110450.23 Sank Deposit Sweep (CASH) Accrual 110,450.23 0.68 2) 7937.898 LORD ABBET INVT TR (593916704) SH DURA INCM C Mutual Fund (as quoted by NASDAQ) 10/21/2011 4.55000 Mkt 4.550000 36,117.44 3) 46380.134 LORD ABHET INVT TR (593916100) SH DURA INCM A Mutual Fund (as quoted by NASDAQ) 10/21/2011 4.52000 Mkt 4.520000 209,638.21 9) 7293.081 WELLS FARGO ADVANTAGE FDS (949850756) WFA STRG MN BD C Mutual Fund (as quoted by NASDAQ) 10/21/2011 8.80000 Mkt 8.800000 69,179.11 Total Value: Total Accrual: 5920,384.99 Total: 5920,385.67 50.68 Portfolio Endnotes Titled: RUSSELL W CHRISTIE 2212 YALE AVE CAMP HILL PA 17011-5337 Account was opened on 08/29/01. W ~lth~b~~ J F Page 1 F This report was produced with EstateVal a ~ product of Estate Valuations & Pricing Systems, Inc. If you have ¢ please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.2.0) Date of Death: 10/23/2011 Valuation Date: 10/23/2011 Processing Date: 12/20/2011 Estate Valuation RUSSELL W CHRISTIE Estate of: RUSSELL W CHRISTIE Account: 20501179 / 9621311768 Report Type: Date of Death Number of Securities: 4 File ID: 2050-1174 Mean and/or Div and Int Security High/Ask Low/Bid Adjustments Accruals Value 110,450.23 0.68 Shares Security or Par Description 1) 1~1Q965ti,:Z3 8eiink Deposi:'t Sf~eep iC:$g~i:' Accrual 2) 7937.898 LORD ABBET INVT TR (593916709) SH DURA INCM C Mutual Fund (as quoted by NASDAQ) 10/21/2011 3) 96380.134 LORD ABBET INVT TR (543916100) SH DURA INCM A Mutual Fund (as quoted by NASDAQ) 10/21/2011 4) 7293.081 WELLS FARGO ADVANTAGE. FDS (94985D756) WFA STRG MN BD C Mutual Fund (as quoted by NASDAQ) 10/21/2011 Total Value: Total Accrual: Total: $920,385.67 Titled: RUSSELL W CHRISTIE 2212 YALE AVE CAMP HILL PA 17011-5337 Account was opened on 08/29/01. 4.55000 Mkt 9.550000 36,117.44 4.52000 Mkt 4.520000 8.80000 Mkt 8.800000 Portfolio Endnotes 209,638.21 69,179.11 5920,389.99 $0.68 J I-- F Page 1 J Q This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7,2.0) v~v• i~• tui i ~t.~trnn YPCLLJ rnnuu 4URIICJfVIVUCIV~C •°' S S ~ ro ~ ~ ~ o °~ °~ A o 'J~• ~ K . ~ •7 .• ?.' ++ ~ •s , ~ r Ki t . ~ ~ oC~ pRp ~ + - ~ R ~ f~~/111 a ~ p~ m LT 7 t ~~~ s ~ ~ ~ ~ ~ • h! N ~ ~' is T rr r*w ~~ ~ ~~ ~~ ~ ~'y~'S ~o ~.0. F i~•i• v~ ~ ~ V p '~7 ~ G G C w ~~ ~ ~ ~' ~ ~~ a ~~ ~' fl 0 a ~ ','~~ ~ V FI: ~• O ~' ~ t0 ro O ~ VW+ W ~ 6" A C ~ ~ • H QQQ m y~ fn W ~e '7 P ~ w •E/f p 'f~ ~ ~ ~ ~ ~ ~ 5 ,• •~ ~ ~ ° ~ ~ ~ o ~~ ~, w ~ C ~ P o ao ~ ~' ~ p' ~ -d ~ ~ '* N ~ ~ W ~ SJf V ~ p µ 'r fn vGi ~ o ~ ~ ~ ~ ~ °~ ~~ ~ w o ~ s ~, W ~ ~ ~ ~ g ~' .~ o ~ ~ ~ Nu• Lb! I r• Z ~ b ;~! ~~~ C `~ ~ ~' G G OD CST d ~+ N A ,~ •? © ~~ ~ ~ ~~~~ ~ ~~ ~ o~ m r~ ~ O ~ ~ ~ ~ a A ~ ~ y~~ G d1 a *.1 Ct !4 ~~~~ W ~~N ~ ~: ~btl~ P v°d'° ~' ~' V ~O N ~ a ~i~ W J F F J J Q Kelley Blue Book r> ~ROGREJI/!lE' advertisement . _......_....... $99~p ... 1 ~ I '~ Tfie tdame Your Price°Tool. Orr[y from Progressive ~ , why ads? Your Blue Boob Value ,,.. . 2003 Buick Park Avenue ~~ Style: Sedan 4D ~" Mileage: 67000 I,., Y I tra, Trade-In Value Excellent $5,642 _.... Very Good $5,567 Good $5,242 ___ Fair $4,567 Vehide Highlights Page 1 of 2 _________~__-_w..._._.. __~__.___....__m_W___._.__,___m~ MPG: City 17/Hwy 27 ' Max Seating: 6 Doors: 4 Engine: V6, 3.8 Liter Drivetrain: FWD Transmission: Automatlc EPA Class: Large Cars Body Style: Sedan Country of Origin: United States ', Country of Assembly: United States W~Ichib't~ a F J J Q http://www.kbb.com/buick/park-avenue/2003-buick-park-avenue/sedan-4d/?vehicleid=186... 6/26/2012 n ~ ~ a - N W w w ~, 0 c~oc~~~c> S S S S (spy? S 7C ~ ~ 7C'j~.T ~~VVWWA07 NC3~N`N N N N W~ N O O O N N N C N N N O O O w N N N N Of 01 Q1 O T T OOD V 7 0 s A V Z 01 -+ON~O 3 m i O Q. tD ~ ~ ~ a .~ ~ ~D N ~ 0 ~ y ~ ~. n W 1b~~ J F F J Q mmmmmm fA M N y~ y ti wmsvwww metro®coa 0 0 0 0 0 0, ~~~~~~ c c c c c c fA 07 N fA f/! (q Z c m m~ m~ 3 nn~nnn `D ~~~as; ~~ N Vf tll N N _ _ w N fD m fD m ~ w aGi ~o ~w Cp (D tD n N ~ ~~~ S ~ ~ ~ ~ ~ p ~ C n n A N~ Mooo~~ ~'~W~~ ~ `NNww w m ~i~3a°Q 3 ~ N N N y ~ O CCf K ` O ~ CT1 ~ 7 mmmmmm n ~ n n n n ~ 0 0 0 0 0 0 G f ~ ~ f f ~ _ .. ~O W N W ~+ 7 OD ~p00 -`NOO N CNTI CV71 CNJI O q O ~~~"~ A. Settlement Statement HUD-1 OMBAPProvaINo.2502-0265 1. X^ FHA 2. ^ RHS 3.O Conv. Unins. t 2 F'e Number: ~2mber: 7 ~~ ortg a g e ~ surance Case Number: 4. ^ VA 5. ^ Conv. Ins. ~ XX6 1 ~ 8 - 7 C. Note: This font is famished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agents are shown. Items marked " (p.o.c)" were paid outside the dosing; they are shown here for informational purposes and are not inducted in the totals. D. Name & Address of Borrower. E. Name & Address of Seller. F. Name & Address of Lender: Benjamin A. Lorah, Rebecea D. Lorah Craig A Christie Wdls Fargo Bank, N.A 24 S. East Street, Carlisle, PA 17013 2212 Yale Avenue, Camp H91, PA 17011 2701 Wens Fargo Way, Minneapo0s, MN 55467 G. Property Location: H. SetOement Agent: I. Settlement Date: 03/15/2012 2212 Yale Avenue 1st Advantage Settlement Services Inc. Disbursement Date: 03/15/2012 Camp Hfll, PA 17011 6375 Mercury Drive, Suite 102, Mechanicsburg, PA 17050 Camp Hill Borough Telephone: 717-591-7755 Fax 717-591-7756 Place of Settlement: TitleExpress 6375 Merottry Drive, Suite 102, Mechanicsburg, PA 17050 Printed 03/14/2012 at 3:50 pm by VW 100. Groan Amount Due from Botmwer 400. Gros: Amount Due to Seger 101. Contract sales price 195,000.00 401. Cortbad sales price 195,000.00 102 Personal 402. Personal 103. SettlitmeM charges to borrower (nne 1400) (1,879.52 403. 104. 404. 105. 405. ustmetdsforRena d aetlerinadvance A ustmerttsforitema ant aenxinadvance 106. CityRown taxes to 408. Citylpown taxes to 107. County faxes 03/1512(112 to 12131/2012 883.85 407. County taxes 03/15/2012 to 12/31/2012 883 85 106. School Taxes 03115/2012 b 06/3012012 803.32 408. School Taxes 03/15/2012 b 0613012012 . 803 32 1~• Sewer 0311512012m03/31/2012 28.02 409. Sewer 03/1512012 to03l31/2012 . 28 02 110. 410. . 111. 411. 112. 412 1~• Gross Amount Due from Borrower 205,594.71 420. Gress Amount Due to Saner 196,715.19 200. Amounts Pald D or fn Behalf of Borrower 500. Reductions in Amourd Due bo Seger 201. Deposk or earnest rtgney 2,000.00 501. Excess deposit (see instructions) 202. Principal amount of rtew best(s) 190,056.00 502 Settlement charges to seller (line 1400) 15,327.84 203. ExisS bans taken s b 503. ExisO bans taken su " to 204. Over Tolerance 266.29 504. PayoBoffustmoAgageloan 205. 505. Payonofsecondmortgageban 206. ~. 207. 507. 208. 508. 209. 509. A uabnetdaforitamsun d seller A ushnettbforilaneun seller 210. CityAown taxes to 510. CityRown faxes to 211. County taxes to 511. County taxes to 212. School Taxes to 512. Scholl Taxes to 213. 513. 214. 514. 215. SellerASSist 4,900.00 515. SellerASSist 4,900.00 216. 518. 217. 517. 218. 518. 219. 519. ~• 7oW Paid b Borrower 197,222.E 520. Total Rexluction Amount Due Seller 20,227.84 300. Cash g Settlamerd Gomfto Bonrower 600. Cash at SeklemeM toHrom Seller 301. (Noss amount due fran borrower (fma 120) 205,394.71 601. Gross amount due to setlar (One 420) 196,715.19 302. Lass amounts paid by/For borrower (One 220) 197,222.29 602 Less redtraGOns in amount due seller (6ne 520) 303. Cash ^X From ~ To Borrower 8,172.42 893. Cash ^X To ~ From Seller 20,227.84 176 447 35 M:.-.~..~...~_ ,°` -_- .. raa,m.eaas m,.,r.v.~w." mnxo-a,.m:~a.,,a,ew.u~ow m. .m ,..~~,~....,._.,.,., , . s mme,.y. mrrxe __. "ellkmeNpKe6. - ~ bpWGetlie{sN,sb.REBPA COwAp VU-cqm MQ, NfoinWim OUhp9M Previous editbns are Page 1 of 4 W~~~ H F J J Q rvv. rorarneartsu[erirosNFeea an,ss5.ou Paid From Paid From Divisanofcommission ine700 asfogows Borr ' ' 101. 55,700.00 to RelMaxlstAdvaMage ower s Fund t Seller s 702. 55895.00 ~ ERA-NRT, LLC. s a Funds at 703. Camrtdssion paid at settlement Settlement Settlement 704. Corrxnission fo Re1MaxlstAdvardage 11,595.00 800. Items P able in Connecdon with Loan 801. Ow origination charge (Irxdudes Odginalion Point 0.000%a 50.00) $630.00 (from GFE #1) 802. Your cred'd or charge (poirds) for the spea8c interest rate cfasen S (from GFE #2) 803. Your adjusted odginaton charges (from GFE A) 830.0 0 ~' ~~~ ~ to Rels ValuaBon 5501.64 P.O.C. (from GFE #3) -23.3 2 805. Credit report to Rels Credd (from GFE #3) 80.0 0 806. Taz service tiD from GFE #3 807. Flood cer8fic~on ~ from GFE #3 808. UpfrontMlP td FHA (from GFE tp) 1,881.15 900. Items R aired Lender to be Paid in Advance 901. Dairy interest charges from from 03115/2012 to 04/01/2012 ~ 520,1800/day (~ GFE #10) x 06 902 Mortgage Ins Premium fa rtaMhs ~ (from GFE #3) , 903. Homeowners insurance for 1 to Erie Insurance 5544.00 P.O.C. (~ GFE#11) 904. nantirs to GFE #i1 100D. Reserves sited with Lander 1001. Iriitialdepositforyourescrowaccourd (from GFE #9) , 1,993.28 1002. Homeowrrersinsurance 3 npfdh5 S 45.331mordh 5135.99 1003. Mortgage Insurance momhs S 0.001namh S 1004. City Property lax momhs S O.OO/ngmh S 1005, County Property 7az 3 montlis S 92.32/mordh 5276.96 1~6. School Taxes 10 mph S 226.861rtxrMh 52,268.60 1007. Aggregate A~usbnerd 5-688.27 1100. rase ea 1101. Idle services and lenders title irrsurarice GFE #4 1,643.75 1102. Settlwrierdorcbsingfee ~ 5 1103. Owners title insraarrce from GFE 20.00 1104. lenders title insurance 51,463.75 1105. Lenders title pdicy Omit 5190,056.00 Lenders Policy 1106. Ownar's title pdicy OrNt S795,000.00 Owners PoBcy 1107. Agent's potion of the total title insurance premium S1,Z61.19 1108. Underwriter's portion of the total title insurance premium 5222,E 1109. 1110. Tax Certifica8on fee to 1st Ad Setlkmerd Ser 1111. Wire Proceeds to 1st Adva SeWement Ser 10. 15.00 1200. CovxnmerrtRaewrBn andTransferCh 1201. Government recording charges S (5om GFE fk7) 1420D 1202. Deed 562.00 a e 580.00 Release 5 1203. Transfer taxes S (from GFE #8) 1,950.00 12oa. CilylCourrty taxlstarnps Ixed 51,s5o.oo S 1205. State Tax/stamps Deed $1950.00 M S 1206. p~ S e 5 Release S 1,950. 1207. S 1300. AMBtional Settlement 1301. Required services that you can shop for (tram GFE #6) 19.00 1302 Tax Senrice Fee to Wetls F Real Elate Tax S 100 1303. Food (Life of loan) to Wells F o Flood Services 519.00 1304. Home Warranty to Homo Warren d America 1305. Deed Prep fA ERA-NRT LLC. 450. 1306. 2012 CouMyTax to JartetABger, Tyr ~ 100. 1,107. • r r .. - , , . r r 8,679.52 15,327.84 ~, ~•ro ~r wr~•~~, t~r~v-+, t~lm~• vPrvestor, urotrtler. °t;redrt oy tender shown on page 1.'"'Credft by segar shown on page 1. Previous editions are obsolete Page 2 of 4 HUD•1 Com orison of Good Faith Estimate GFE and HUD•1 Ch ea Good Faith Estimate HUD•1 Ch ThatCannotlnrxease HUD•1LineNumber Our odgination charge # 801 630.00 630 00 Your credd or charge (points) for the specfic interest role chosen ~ 802 Your adjus0ed odgination charges # 803 0.00 630.00 . 0.~ 630 00 Transfer farces # 1203 1,950.00 . 1,950.00 Ch That in Total Cannot Inereaae hbre Than 1096 Government recording charges # 1201 Appraisal fee # 804 Good Falfh Estimate 184,00 455 00 HUD•1 142.00 478 32 Credit repot # 805 . 23 32 . 80 00 Upfront MIP # 808 . 1 881.75 . 1 881 75 Tax Service Fee # 1302 , 100 00 , . 0 00 Food (Life of Loan) # 1303 . 19.00 . 19,00 >E ' 2,643.07 2,601.07 X4200 or -1.5891% Ch Thrt Can Chan Infial d~rosit for your esaow axount g 1001 Da0y interest charges from #901 $20.18001day Good Fahh Estimate 4,452.00 343.06 HUD-1 1,993.28 ~ ~ Homeowners insurance # 903 544 00 . 544 00 TNe services and lender's title insurance ~ 1101 . 7 440.01 . 1 643 75 Owns title insurance # 1103 , 735 00 , . 20 00 . . Loan Tartns Your initlaf loan amount is $190,056.00 Your loan fermis 30 Y~ Yourinitial interest rate is 3.8750% Your initial monthly amount owed for pdndpal, interest, and any mortgage $1,072.58 indudes insurance is QX Pdrrdpal ^X Interest ^X Mortgage Insurance Can your interest rate rise? X^ No. ~ Yes, h can rise b a maximrun of %. The firs change w81 be on I ! and can change organ every yearsafter / ! .Every change date, your intazest rate can increase a decease by %. Over the 8fe ofthe ban, your inteest rate Ls guaranteed fo never be bwerlhan % or higher than %. Even if you make payments an lime, can your loan balance rise? ^X No. ~ Yes, it can rise to a mardmum of $ Even if you make payments on lime, can your monthy amount owed for X^ No. ~ Yes, the first irxxease can be on ! / and the naMhty pdr~ipai, interest. and mortgage insurance rise? amount owed can rise fo $ , The maximum itcan ever rise to is $ Does your loan have a prepayment penalty? X^ Na. ~ Yes, your maximum prepayment penalty is $ Does your loan have a balloon payment? ^X No. ~ Yes, you have a b~laon payment of $ due in years on ! I Total monthy amount owed including escrow account payments ~ You do not have a nroMhty escrow payment for items, such as progeny fazes arM homeowners insurance. You must pay these items directly yourself. X~ You have an addi8onal monthly escrow payment of $364.51 that resrrtls in a total initial montNy artrount owed of $1,437.09. This indudes pnndp~, interest, any mortgage insurance and any items checked below: X^ Progeny taxes ^X Homeowner's insurance Flood insurance noes: n you nave any questions about the Settlement Charges and Loan Temts listed on this form, please contact your lender. rage s or a HUD-1 HUD CERTIFlCATION OF BUYER AND SELLER I have eareNly reviewed the HU0.1 SeldemeM Statement and to the best of my knowledge and belief, d is a We and accurate statement of all receipts and disbursameMS made on my account or by me in this trensadion. I further certiy that 1 have received a copy of the HUP1 Settlement Statement. ~ryanurt A' Lorah Rebecca D. Lorah Craig A Christie The HUD-1 Settlement Statement which 1 have prepared is a true and accurate account of ttds transagion. I have caused or witl lease gra funds to be disbursed in accordance with this statement. SETTLEMENT AGENT DATE WARNING: IT IS A CRIME TO KNOWINGLY MAKE FALSE STATEMENTS TO THE UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON CONVICTION CAN INCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEE TITLE 18: U.S. CODE SECTION 1001 AND SECTION 1010. Previous editions are obsolete Page 4 of 4 HUD-1 Page 1 of 1 +You Search Images Maps YouTube News Gmail Documents Calendar More - COMPOSE .Vanguard Roth IRA - www.Vanguard.com -Keep more of your returns. Open .~ ~ai@ O~ ~Qeatjl ~}~~ ~ _ .. ,,. , , al~ce ~ Qewbet~~ inbo Starred Important jack.kendall@wellsfargo.com Sent Mail to me, kchristie Scott , Drafts (3) (,late of death balance Personal Travel ~0/23/2011 was 22~,04~~7 More Chat Search people... Scott Christie Set status here Call phone Beth Biery Kevin Christie Chrusciel, Lela David Brinjac Dimoff, George Edmund G. Myers jack.kendall John Nester Ralph S. Klinepeter Jack D. Kendall Assistant Vice President /Regional Bank Private Banker Capitol Region / Centra] Pennsylvania Retail Banking Wells Fargo Bank, N.A. ~ 3205 Trindle Rd i Camp Hill, PA t 7011 MAC Y0600-010 Te1717-975-5637iFax 717-737-3707 Jack Kendall(ir)wellsfareo com This transmission may contain information that is confidential and/or proprietary. If you are not th transmission in error, please notify the sender immediately and delete the material from your syster From: Fladten, Karma K Sent: Thursday, March 08, 2012 9:37 AM To: Kendall, Jack D Subject: RE: Christie - Bene Acct Hi, lack. ut~ t,~t~„~o ~~ .,f ~n/~~/ant ~ ,.,~~ ~~ nnn ~~ Q W J ~~~~ J H F N J J Q J.P.Morgan Funds JPMorgan Distribution Services, Inc., Distributor 1111 Polaris Parkway, Columbus, OH 43240 March 22, 2012 RUSSELL SCOTT CHRISTIE 507 DEUBLER RD CAMP HILL PA 17011-2017 REFERENCE: 12563883 RUSSELL SCOTT CHRISTIE CRAIG ALLEN CHRISTIE TR U/A DTD 08/06/1998 CHARLOTTE H CHRISTIE MARITAL TRUST Dear Russell Scott Christie: Thank you for your recent phone call. The balance of the referenced account, as of October 23, 2011, was $32,062.25. We welcome the opportunity to help you with any questions you may have. Our representatives are available at 1-800-480-4111, Monday through Friday, from 8:00 A.M. - 7:00 P.M. Eastern Time. Sincerely, Randy Borsick Correspondence Supervisor J ~I-i~bi~ J H H J J a v[L. 1 ]. 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Z Z m ~ ~ D N ~ - ~ fD -i rn W ~~ ~ m ~ s ~ C N ~ ~ 0 (D ~ ~ m R~~ f.l F•d F.1 n ~ o ~ p O W ~ N ~ A ~ ~ ~ N N N c ~D N p j V 00 W V O N~ \\\ ~ ~ ~ V V rn N (tt O rn ~„~ N N N m ~ m ~ N •A Oi ? O .A ~ r p p r ~ ~ rn ~ O O O r F+ r ~ w a ~ ~ ~ ~ ~ 0 r H W N 0 F+ I-+ F-+ Va (n N N N l 0 07 01 f 11 C7 O Q C H ~ v N ~ .n O U1 N ;~ m X O o v cn x m ~ a~ <~ o ~~ ~ y ~ !'D A ac. ° ~ rnC C 0 n D ~ O ~ `+ r .i viN m C~~ ~ rn r z n p V r ,~., r "" n o m ~ n r G Z C rzT~ < 2 N W o~ o~~ c .n ~ ~ z ~ Zc~< ~ ~ c ~ . ~ .1 ~ !D C rn 01 o ~~ ~, ~ ~ rn ~ N n ~ ,.., z ~ C ~ m °~o ~r v m m~ ~Gm „ O -~ ~ ~, ~ ~ ~ ~ ~~ 3 ~ ~ ~ C ~ w r •A ~ N V vt N r C ~ # ~ ®^ 3 ~ m (!1 V O .P 00 N Ul N W W O W (n ~ M -1 p~ OR 00 ~ lJ7 11 ~ .A VI y Fy n ~ ~ U r0 lD U1 r W O ~ fD ~ ~ j o m r O O w N In O V N ~/ -~o o. ~° F-` N C m ~ ~ 01 ~ ®a ~ ? N O tsr N ~ W - ~ ~ ~ ~!} ~'' 3 N < ~ ~ O rn ~ v ~ A N tN0 ~O N ~ ~ rr"' OO o .+; N O .p r N A o_ j U l U7 N t0 O U7 ,0 ~~ n N ~ ~ ~. _ ~ a as n-~ CA ~ ~~ ~ H J a •~ n rn n ~ m °- a ifF ~ -p ifl• r i~ r iR v r U1 ~ - c ~ . O _ ti, ~O V V W V W W ~ N ~, ~ ~ O C77 OJ 07 W 00 V ~ O~ t0 CJI V N A N ~~ ~ ~ V O 'a t11 N N ~O O N 1p m W N O ~ ~ v ~A REV-15U~ EX y (6-DO) OFFICIAL USE ONLY COMMONWEALTH OF PENNSYLVANIA REU-~ 500 DEPARTMENT OF REVENUE DEPT. 280601 INHERITANCE-TAX RETURN FILE NUMBER HARRISBURG, PA 17128-0601 RESIDENT DECEDENT 21 2001 0413 COUNTY CODE YEAR NUMBER DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER Christie, Charlotte H. 211-20-7698 DECE- DENT DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THfS RETURN MUST BE FILED IN DUPLICATE 04/03/01 08/15/1925 WITH THE REGISTER OF WILLS (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER Christie, Russell W. 201-07-9611 CHECK 1. Original Return 2. Supplemental Retum 3. Remainder Return (date of death prior to 12-13-82) APPRO- 4. Limited Estate 6 Decedent Died Test t 4a. Fuiure Interest Compromise Dd 7 v g ~ 5. Federal Estate Tax Return Required PRIATE BLOCKS . a e (Attach co of will py ) . ecedent Manta ned a Li n Trust (Attach a copy of Trust) 00 8. Total Number of Safe De osit Boxes p 9. Litigation Proceeds Received 10. Spousal Poverty Credit (date of death between 12-31-91 end 1.1-95) ~ 11. Election to tax under Sec. 9113(A) Att h S ( ac ch O) . :::~.:~ IW~ iz~~>r.~cfl.c,l}• ~t~. ~~f~~s~i ra~ ~;~~>rs~~~,~~~i:.r.#ra~~f~~~~t~~ ~~a>.~~~~;z~r~>7-r~a< NAME COMPLETE MAILING ADDRESS coR- Wayne M. Pecht, Es 're 415 Fallowfiel d Road, Suite 301 RE SPON FIRM NAME (If Applicable) CAP ~-l, PA 17011-4906 DENT Keefer Wood Allen & Ralnal ~ T T,p TELEPHONE NUMBER 717-612-5802 1. Real Estate (Schedule A) 1 () None OFFICIAL USE ONLY 2. Stocks and Bonds (Schedule B) (2) 31, 233.65 3. Closely field Corporation, Partnership or Soie-Pmpdetorship (3) NOj7e 4. Mortgages & Notes Receivable (Schedule D) (4) None 5. Cash, Bank Deposits & Miscellaneous Personal Property (schedule E) (5) 2 , 72 6.18 6. Jointly Owned Property (Schedule F) Separate Billing Requested (6) None ~ECa- 'ITULA- 7. Inter-Vivos Transfers & Miscellaneous LION Non-Probate Property (Schedule G or L) (7) 786, 862.72 TAX COMPU- TATION 8. Total Gross Assets (total Lines 1-7) (8) 820, 822.55 9. Funeral Expenses & Administrative Costs (schedule H) (9) 35,1 88.10 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 22 0.65 11. Total Deductions (total Lines 9 & 10) (11) 35, 408.75 12. Net Value of Estate (Line 8 minus Line 11) (12) 785, 413.80 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax (13) 768 , 571.15 has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 16, 842 .65 SEE INSTRUCTIONS ON PAGE 2 FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, ortrsnsfers under sec. 9116 (a)(1.2j 16, 842 , 65 x .0 0 (15) 0.00 16. Amount of Line 14 taxable at lineal rate 0.00 x .0 45 (i s) 0 , 00 17. Amount of Line 14 taxable at sibling rate 0.00 X .12 (17) ~ - ~~ 18. Amount of Line 14 taxable at collateral rate 0.00 x .15 (18) ~ . 00 19. Tax Due H1=CFC Vi 1 )=RR;_ p ' ' (19) 0.00 :.. i ; J(~'#? # A~t~, #i~C~17EB f ff~£: ~, Eil~#1~TD f3>*..~ls~ C1U(=RP.:A~A~1`~7'; ; 0 PA15001 NTF 29755 Copyright 2000 Greatland/Nelco LP -Forms Software Only ~N [) C~iARLOI'TE H. CHRIS`I'IE REVOCABLE LIVING TRUST This trust agreement is made in duplicate this ~ da of Y 1998, between Charlotte H. Christie, hereinafter called "Settlor", and C~iarlotte H. Chrsi-;A ho,.-o;,,-,~~~~ __„ , "Trustee" and is to be called the 'CHARLOTTE H. CFiRISTIE LTVIivG TRUST". Funding of 'T'rust FIRST: Settlor hereby transfers to trustee the assets listed in Schedule "A". Settlor, as well as ethers, shall have the right to deposit additional property with~the trust. Trustee shall hold all property that is transferred to this trust on the terms herein set forth_ Lifetime Trust SECOND: A. During the life of Settlor, trustee shall pay and distribute to settlor and her husband any principal and income from the trust estate as settlor may direct in writing lodged with the trust records. Checks drawn on accounts in the name of this trust and signed by settlor as trustee shall constitute such writing. Any gifts to individuals and recognized charities (I.R.S. §501 (c) {3 ) organizations) , directed by settlor to be made from this trust shall be considered a withdrawal by settlor and shall be deemed to have been made directly by settlor. W~~Inibi~ ~L_ J J Q a ~, e1 B. If at any time settlor shall become incapacitated by reason of age or mental or physical disability, the successor co-trustees, in their absolute discretion, may apply the income and principal hereunder to or for the benefit of settlor or her husband for their health, maintenance and support. Marital Trust THIRD : On settlor' s death, if settlor' s husband, Russell W. Christie, survives settlor, trustee shall hold in separate trust without deduction for estate or inheritance taxes the minimum amount which must be added to~the value of all other property in settlor's gross taxable estate for which the marital deduction is allowed in order to give settlor's estate a marital deduction that will reduce federal estate tax on settlor's estate to the lowest possible amount. Such minimum amount shall be determined after first taking into account the aggregate amount of the deductions allowed under Sections 2053 and 2054 of the Internal Revenue Code of 1986, as amended, and its successors and any credits except the following: A. The state death tax credit to the extent that its use would require an increase in the amount of state death taxes paid; and B. The credit for tax on prior transfers to the extent that credit arises from transfers to settlor 2 ~ . a~ i from individuals who die after settlor. The size of this trust shall be determined as though settlor's executor elected to qualify it for the marital deduction i.n accordance with Section 2056 (b){7) of the Internal Revenue Code or its successors, regardless of whether settlor's executors, in fact, so elect. settlor recognizes that, depending on the amount of other bequests, the amount of settlor's non-testamentary dispositions, the amount of state death taxes, and other factors, the marital trust may be non-existent. Property not qualified for the. marital deduction shall not be allocated to the marital trust. Trustees shall select and distribute to the marital trust the cash, securities, and other property that shall constitute the marital trust, employing for the purpose of valuation the adjusted basis of the asset for federal estate tax purposes, provided that the assets distributed shall be selected in such a manner that they shall have an aggregate fair market value fairly representative of the appreciation or depreciation in the value to the date or dates of distribution of all assets then available for distribution. During the lifetime of settlor's spouse, trustee shall hold and distribute the marital trust as follows: trustees .shall pay and distribute to or for the benefit of settlor's spouse the entire net income from the principal of the marital trust, and these 3 payments shall be made periodically but not less frequently than quarterly. In addition, trustees shall from time to time pay to settlor's spouse, or shall apply directly for the benefit of the spouse, as much of the principal of the marital trust as trustee, iri its absolute discretion, may consider desirable for the spouse's heath, maintenance, and support, after considering all resources available to the spouse. If settlor's spouse and settlor should die under circumstances that render the order of their deaths uncertain, for the purposes of this gift it shall he conclusively presumed that sett],or's spouse survived settlor. In such event, however, (in lieu of the amount above specified), this gift shall consist of the amount but no more of the principal held under this agreement without deduction for estate or inheritance taxes that must be added to the value of all other property for which the marital deduction is allowed, in order to give settlor' s estate a marital deduction that would result in the lowest total of federal estate tax on settlor's estate and settlor's spouse's estate. Such amount shall be determined on the assumption that settlor's spouse died after settlor on the date of settlor' s death and that the spouse' s estate was valued as of the date on, and in the manner in, which settlor's estate is valued for federal estate tax purposes. If any property that is part of the marital trust shall be or become unproductive of income consistent with its value, settlor's 4 husband may require trustee to make it productive or convert it within a reasonable time to property that is clearly productive of income consistent with its value. qualified Terminable Interest Pro erty Election FOURTH: By will, settlor has given the executor the absolute discretion to determine whether to elect Section 2056(b}(7) of the Internal Revenue Code of 1986, or its successors, to qualify any portion of the marital trust for the federal estate tax marital deduction. Generally. GPt-t~~r ~„+-;,,;,.,-,.~,.,. ~L_~ __~. , _ will elect to minimize the estate tax payable by settlor's estate. However, settlor expects that some consideration be given to the estate tax payable in the estate of settlor's spouse, especially if the spouse should die prior to the time the election is made. The determination of settlor's executor with respect to the exercise of the election shall be conclusive on all affected persons. Distribution of Marital Trust Upon the Death of Settlor's Spouse r^IFTH: On the death of settlor's spouse, trustee shall deduct and pay to the spouse's personal representative, from that portion of the principal of .the marital trust, an amount equal to any additional administration expenses and estate and inheritance taxes assessed against the spouse's estate by reason of the 5 inclusion in it for tax purposes of the then-remaining principal of the marital trust. Such amount shall be determined by my trustee, whose determination shall be conclusive, and trustee may rely on a written certification of the personal representative of the estate of settlor's spouse of the amounts payable as being correct. Any then-remaining balance of unappointed principal of the marital trust shall be distributed to such one or more persons who are descendent' s of mine, or who at any time were married to a descendent of mine, as my spouse may appoint by will specifically referring to this power of appointment. In absence of the exercise of her power of appointment, said unappointed principal shall be added to and form a part of the principal of the residuary trust and held as though originally a part of it. If the residuary trust shall not have been created for any reason or shall have been exhausted, the remaining principal shall be held in trust on terms and conditions specified for the residuary .trust. Effect of Disclaimer of Marital Trust SIXTH: If settlor's spouse or the guardian or personal representative of the spouse's estate should disclaim the spouse's interest in any portion or all of-the marital trust, the disclaimed property shall be added to the residuary trust to be held and distributed as though originally a part of it. If the residuary trust shall not have been created for any reason or shall have been 6 exhausted, such portion of the marital trust shall be .held and distributed on the same terms and conditions provided below for the residuary trust, All of the provisions of the residuary trust in favor of settlor's spouse shall apply to the disclaimed property despite the disclaimer, except to the extent the spouse explicitly disclaims the benefit of~such provisions (in their app?ication to the disclaimed property) as well. Residuarv Trust SEVENTH: On settlor's death, if settlor's spouse, Russell id. C1~r3stie, survives settlor for a period of thirty (30) days, trustee shall segregate in a separate trust ("residuary trust's}, the remaining principal held under this trust agreement and hold the same in trust on~the following terms: A• Trustee shall pay the net income from the residuary trust at least as frequently as quarterly to or for the benefit of settlor's spouse. In add_tion, trustee shall pay and distribute to or for the benefit of settlor's spouse as much of the principal as trustee, other than settlor's spouse, in its absolute discretion, may consider desirable for the spouse's heath, maintenance, and support, after considering all resources available to the spouse. .. ~ B. Upon the death of settlor's spouse, if the inter-spousal exemption from Pennsylvania death taxes was applied at the time of settlor's death to this trust, trustees shall pay from the principal of such trust the Pennsylvania death taxes, plus any interest and penalties thereon, due on the trust property at the death of settlor's spouse. The then remaining principal shall be distributed to settlor's children, Russell Scott Christie and Craig A1Zen Christie, the share of a deceased child to be distributed to her issue, per stirpes. Distribution of Residua Trust if Settlor's S ouse . Does Not Survive Settlor EIGHTH: If settlor's spouse does not survive Settlor for a period of thirty (30) days, trustee shall distribute the residuary trust to such of settlor's issue, the share of a deceased child to be paid to his issue, per sti.rpes. Adopted Persons NINTH: In the construction of any gift in this agreement to any person or persons described by relationship to settlor or to another, any person adopted under the age of eighteen (18) years, whether adopted before or after settlor's death, shall be 8 considered the "child" and "issue" of the person's adopting parent or parents. Income Undistributed at Death of Beneficiary TENTH: All income that is undistributed and accrued at a beneficiary's death shall be treated as if it accrued afterwards. Minors and Inca acitated Persons ELEVENTH : If any income or principal becomes pay=bi e to any person who is under the age of 21 thereinafter designated as a minor) , or who is who in incapacitated, trustee shall hold such income and principal during minority or incapacity and shall be entitled to apply such income and principal to the health, maintenance, education, and support of such person during minority or incapacity without the appointment of any guardian or committee or any authority of court. Trustee shall be entitled to_make direct application under this agreement or to make application by payment of income and principal to the parent or other person in charge of such minor or incapacitated person, or to his or her guardian or to a custodian under the Uniform Transfers tc Minors Act. Any remaining income and principal to which such pe=son shall be entitled shall be paid and distributed to such person on the termination of minority or incapacity. 9 Protection of Beneficiaries _(Soendthrift Provision) TWELFTH: No income or principal shall be assignable by a, beneficiary or available to anyone having a claim against a beneficiary before actual payment to the beneficiary; provided, however, any beneficiary may assign any part or all of the beneficiary's interest in my estate to any one or more of the beneficiaries of my descendants. Powers of Trustee THIRTEENTH: Trustee and her successors shall have the following powers in addition to those given by law to be exercised by them in their absolute discretion, which powers shall be applicable to all property held by them, including property held for minors or incapacitated persons effective without the order~of any court, and until actual distribution of all such property, A. To retain any investments at discretion; B. To invest and reinvest at discretion without the obligation to diversify and without restriction to so-called "legal investments", with the specific right to invest in stocks, bonds and real estate, including non-income producing residential real estate for the occupancy of any present income ZO beneficiary or beneficiaries, and in such common trust, diversified, money market and mutual funds as my trustee deems appropriate, including any such funds of any corporate fiduciary hereunder or any successor or affiliated corporation or a holding company controlling it; ~. To sell, to grant options for the sale of, or otherwise to convert any real or personal property or interest therein, at public or private sale, for such. prices, at such times, in such manner and on such terns as they may think proper, and to execute and deliver gcod and sufficient conveyances, assignments and trar_sfers thereof without liability of any purchaser to see to the application of the purchase money; D. To borrow money and to secure its repayment by mortgage o.f real or personal property, pledge of investments or otherwise, without liability on the part of the lenders to see to the application thereof; E. To compromise claims by or agair_st settlor's estate or any trust created hereunder; F. To allocate and distribute different kinds or disproportionate shares of property or undivided interest in property among beneficiaries or trusts, in 11 •, _ 1 cash or in kind, or partly in each; G- In any division of principal into separate trusts or shares, and in any distribution of trusts or shares, to allocate to any trust, share, or b~.eficiary, property different from the property allocated to another trust, share, or beneficiary as the {corporate or disinterested) trustee using fair market values on the date of division or distribution, deems appropriate; provided however, this power shall not be exercised in a manner contrary to any specific allocation of property elsewhere in this trust in a manner that renders ineligible all of any part of any gift for any tax _ deduction; H- To register investments in the name of ar_ nominee or to hold the same unregistered in such form that they will pass by delivery; I• To join in any recapitalization, merger, reorganization or voting trust plan affecting investments; to deposit securities under agreement; to subscribe for stock and bond privileges; and generally to exercise all rights of security holders; J- To manage, operate, repair, alter or improve real estate or other property, and to lease real estate and other property on such terms and fox such 12 period as trustee deems advisable even for more than five (5) years and beyond the duration of any trust; K. To receive from settlor or from any other source any real or personal property as additions to thys trust by deed, will or in any other manner; L. To associate with them in the absence of a corporate fiduciary, an accountant, custodian, investment advisor and other agents and to compensate them from principal or income or both, as trustees shall determine, such compensation to be a reduction of the compensation of trustees, if any; M. To associate with them at any time, in their absolute discretion and of their choice-, a corporate fiduciary which shall have the same powers as trustee, such designation by trustee and acceptance by a corporate fiduciary to be in witting; N. To delegate to a corporation the exercise of any powers, with the same effect as if the trustee delegating such power had joined in the exercise of such power, and to revoke any such power, provided, however, that the revocation of any such delegation shall be in writing delivered to and accepted by the corporates fiduciary; . 13 O. To combine, without prior court approval, any trust herein with any other trust with substantially similar provisions, although such other trust may have been created by separate instruments and by different persons, and, if necessary to protect different future interests, to value the assets at the time of such combination and to record the proportionate interest of each separate trust in the combined fund, provided however, that no such combination shall be permitted if the effect of such combination would be (1) to violate the applicable rule against perpetuities; {2) to disqualify any interest in one or more of such trusts for a deduction for federal estate tax purposes which would otherwise be allowable; or (3) to cause the loss of the exempt status of one or more of such trusts from the imposition of the generation-skipping tax; P. To exercise any stock options which the trustee may receive; to borrow such funds from any source as the trustee may deem necessary for the exercise of such options; and to pledge assets as trustee deems appropriate for this purpose; Q- To permit any present beneficiary to occupy any real estate forming part of any trust without rent or on such other terms and conditions as the 14 .. - << , ~ ~ J [corporate or disinterested] trustee shall determine; R• No trustee shall be required to qualify before, be appointed by, or, in the absence of a breach of trust, account to any count (and failure to account alone shall not be considered such a breach}; nor shall trustee be required to obtain the order or approval of any court in the exercise of any power or decision granted hereunder; and S. To do all other acts and things necessary and appropriate in the management, administration and distribution of this trust. Payment of Taxes on Settlor's Estate FOURTEENTH: Trustee shall pay any estate, inheritance and other death taxes, together with interest and penalties that shall be payable by reason of settlor's death upon the property comprising her gross estate for tax purposes to the extent that the same shall not be paid by settlor's executor. For such purposes, trustee may advance to the executor of settlor such amount as may be required by the executor of settlor for the payment of such taxes. Trustee shall pay or advance the same out of the principal of the residuary trust. 15 and the Estateyof~Settlor s~Husbands Estate FIFTEENTH: Trustee is further authorized in its absolute discretion, to make such loans, advances or expenditures out of the principal of the residuary trust as trustee may consider desirable in order to facilitate the settlement of the settlor's estate. In exercising such authority, trustee may pay in whole or in part the expenses of settlor's last illness and burial, debts, income taxes, estate or inheritance taxes, legacies, commissions, counsel fees and other administration expenses, owing by settlor or by reason of her death, which payments may be made directly by trustee or to the execution of settlor, and neither said executor nor any beneficiary shall be 'required to reimburse the trustee for any funds so loaned, advanced or expended. Likewise, on the death of settlor's husband, trustee may make similar loans, advances or expenditures as trustee, in its absolute discretion, may consider desirable in order to facilitate the settlement of her estate, which shall be made out of the principal of the marital trust to the extent that the same has not been appointed by him and is sufficient for such purposes, otherwise such loans, advances or expenditures may be made from the principal of the residuary trust. Ricrht to Revoke or Amend Trust Reserved SIXTEENTH: settlor reserves the right to revoke or amend 16 this trust agreement in whole or in part at any time and from time to time by written instrument delivered to the trust records Burin the lifetime of settlor. g The duties, powers and liabilities of trustee shall not be changed without hi.s or their written consent, Abnointment of Substityt-ar~ Trustee SEVENTEENTH: Following the resignation, incapacity or death of settlor, Russell. Scot's Christie and Craig Al.lea Christie, by signifying their acceptance in writing delivered to the trust records, shall become trustees hereunder. If either of them is unable or unwilling to act or to continue to act, then the other designated person shall become sole trustee. Should both substitute trustees be unable or unwilling to serve as such, then I appoint PNC Bank, N.A, as trustee. Waiver of Bond EIGHTEENTH: No fiduciary serving hereunder shall be required to furnish bond in any jurisdiction, and if any bond is necessary, no surety shall be required. \T Definition of Inca acit NINETEENTH: In determining whether settlor has become incapacitated so that successor trustees are authorized to exercise their authority as set forth herein, successor trustees shall 17 a+ i obtain a certificate signed by two (2) licensed including the settlor's personal h s; physzc~.ans, P Y cian, if any, stating that settlor is physical) or mental) Inca able of handlin Y ~' P financial affairs and shall lodge such certificates `,,,it g her own h the trust records. Com ensation of ~;a„ -+~-iai ieS TWENTIETH: Any corporate trustees serving hereunder shall be compensated as such in accordance with its standard char es . such trust servi r g nor ces in ef~ect from time to time during which such services are performed. Pennsvlvania Law GovArnin TWENTY-FIRST: Questions pertaining to. the construction and administration of the trusts created validity, under this instrument shall be determined in accordance with the laws of thi Commonwealth of Pennsylvania. s Interchancreability of r a *~auacre TT'JENTY-SECOND: Words ,used in the singular ma include the plural or the plural may be read Y be read to as the singular. Similarly, the masculine form may be read to include the feminine and neuter; the feminine may be read to include the masculine and neuter; and the neuter may be read to include the masculine and 18 feminine. Hea=1ncrs TWENTY-'T'HIRD : The headings used on the various g this trust agreement are include Para raphs of d for convenience only and shall have no legal significance. IN WITNESS WHEREOF, the parties hereto have hands set their and. seals on this the ~ ~' day of 1998. ~ ~~4; CcJ,.o CHARLOTTE H. CHRISTIE, SETTLOR LQ ~~ +. 0 ,~ ~ ~ I ~B ~~~~ CHARLOTTE H. CHRISTIE, TRUSTEE 19