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Home My WebLink About07-20-121505610101 REV-1500 Ex~ol_10, PA Department of Revenue pennsytvania OFFICIAL USE ONLY NF~~~~~, Bureau of Individual Taxes "BAR'«E"Y~ ` County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN ~ ~ ~ ~ G' Q ,~ ~ Harrisburg, PA 1'7128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Barth MMDDYYYY (~ a _ ~~ _ ~ ~( C}~ 09/27/2011 06/28/1930 Decedent's Last Name Suffix Decedent's First Name MI KeIIY W. Wayde (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI KeIIY Glenda F 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 O 2. Supplemental Return O 4. Limited Estate ® 6. Decedent Died Testate (Attach Copy of Will} O 9. Litigation Proceeds Received O 4a. Future Interest Compromise (date of death after 12-12-82) O 7. Decedent Maintained a Living Trust {Attach Copy of Trust) O 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) O 3. Remainder Return (date of death prior to 12-13-82) O 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes O 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 T0: Name Daytime Telephone Number Andrew C. Sheely, Esquire 717-697-705(h ''~•' First line of address 127 South Market Street Second line of address P.O. Box 95 City or Post Office Mechanicsburg State ZIP Code PA 17055 Correspondent°S a-mail address:andrewc.sheely@verizon.net ~-~ ~ REGISTER '~LLS USE 3piLY fTl ~--~ - ~ ~, N .___ L. ~ ~i~ _ ~ - ~... (. - C. ~ sa ~ ~ D .~ Lry DATE FILED -.!,`.1 --~ 7 ~-~ :`~.. -.; ~~~ ~ Q -r-: 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. Glenda F. Kelly, Executri_902 Peace Drive, Mechanicsburg, PA 17055 d ~ tk' `~-~`~~°K,~~. pny{pFCC .. Andrew C. Sheely, Esqui 7 South Market Street, P.O. Box 95, Mechanicsburg, PA 17055 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610101 1505610101 J ,~~ REV-1500 EX Decedent's Name: Kelly, W Wayde Decedent's Social Security Number RECAPITULATION 1. Real Estate (Schedule A) ............................................. 1. 2. Stocks and Bonds (Schedule B) ....................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 4. Mortgages and Notes Receivable (Schedule D) ........................... 4. 5. Cash; Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ....... G. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested........ 7. 8. Total Gross Assets (total Lines 1 through 7) ............................. 8. 1,661,281.73 25,479.35 $1,686,761.08 9. Funeral Expenses and Administrative Costs (Schedule H) ............. ...... 9. 14,814.79 10. Debts of Decedent, Mort a e Liabilities, and Liens Schedule I 9 9 (. ) ........ 10. ...... 1,355,979.99 11. Total Deductions (total Lines 9 and 10) ........................... ...... 11. ' 1,370,794.78 12. Net Value of Estate (Line 8 minus Line 11) ........................ ...... 12. 315,966.30 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. 315,966.30 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of line 14 taxable at the spousal tax rate, or transfers under sec. 9116 (a)(1.2) x .00 315,966.30 15. 16. Amount of Line 14 +~~able at lineal rate X .0 16. 17. Amount of Line 14 taxable at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 ' 18. 19. TAX DUE ....................................... ............... ..19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505610105 1505610105 1505610105 $0.00 $~.~~ O REV-1500 EX Page 3 File Number Decedent's Complete Address: `~ ~ J I ~ J ~ ~`~"Z pFCFr1FAIT'C N4~AF W. Wayde Kelly CJTD CCT Art r1D CCC 101 Kelly Drive __ Carlisle STAT PA z~ 17015 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. {1) $0.00 Total Credits (A + B) (2) (3) (4) (5) $0.00 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.......................................................................................... ^ [~ b. retain the right to designate who shall use the property transferred or its income : ............................................ ^ r0t, c. retain a reversionary interest; or .......................................................................................................................... ^ L_`I 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)J. 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(1.2) [72 P.S. §9116(a)(1}]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent (72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-i~t~3 EX+ (~-11) ~7i pennsylvania SCHEDULE B OEPARTMF. NT OF REVENUE INHERITANCE TAX RETURN STOCKS & BONDS RESIDENT DECEDENT ESTATE OF FILE NUMBER W. Wayde Kelly 21-12-0022 All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1' W. Wayde Kelly died on Tuesday, September 27, 2011. Stock values are listed as the mean between the high and low on September 27. 2011. Value based on NYSE. STOCK HIGH LOW MEAN 1. AlSystems, Inc. common stock-10,000 shares 0.019 0.016 0.0175 $175.00 2. Carbon Sciences,lnc. common stock-250 shares 3.70 2.98 3.34 $835.00 3. Coyoote Resources, Inc.,common stock-4,000 shares 0.51 0.50 0.505 $2,020.00 4. Deltron Inc.,common stock-2,500 shares 0.0003 0.0002 0.00025 $ .62 5. Dynamic Ventures Corp.common stock-60,000 shares 0.042 0.042 0.042 $2,520.00 6. Fulton Financial Corp.common stock-3,400 shares 8.52 8.16 8.34 $28,356.00 7. Goldsands Development common stock-10,000 shares 0.09 0.08 0.085 $850.00 8. MedClean Technologies common stock-10,000 shares 0.0015 0.0012 0.00135 $13.50 9. Pulse Beverage Corp.common stock-5,000 shares 0.63 0.55 0.59 $2,950.00 10. Ranger Gold Corp. common stock-2,000 shares 0.235 0.20 0.2175 $435.00 11. Xinde Technology Co.,common stock-30,000 shares 0.0745 0.064 0.06925 $2,077.50 12. Orrstown Financial common stock-1,778.8685 shares 14.0499 13.45 13.7499 $24,459.26 13. Decedent was the owner of 49 shares of common stock of Pennsylvania, PERCS, I nc., a family $277,340.00 owned corporation. Value as of the date of death at X5.660.00 per share 14. Decedent was the owner of 5,000 units of ownership of Green Ridge Lea sing LLC as of the date of his death. The real estate and property owned by Green Ridge Leasing i s valued a s follows: 6375 Basehore Rd., Mechanicsburg, PA 17050 $1,300,000 754 Meadow Dr.. Camp Hill. PA 17011 $165.900 1269 Hillside Dr., Mechanicsburg, PA 17055 $402,100 29 Harmony Hall. Carlisle. PA 17013 $151.800 229 Wolfs Bridge Rd., Carlisle, PA 17013 $210,200 Kim Acres Dr/Aspen Dr.. Mechanicsburg PA 17055 $128.800 2720 Lisburn Rd., Camp Hill, PA 17011 $270,700 Total Value of Green Ridge Leasing, LLC $2,629,500 $1,314,750.00 15. Centric Bank Account $4,499.85 1,661,281.73 TOTAL (Also enter on Line 2, Recapitulation) $ If more space is needed, insert additional sheets of the same size TaxDB Result Details http://taxdb.ccpa.net/details.asp?id=13-10-0258-007.&db... Detailed Results for Parcel 13-10-0258-007. in the 2010 Tax Assessment DistrictNo 13 _ ------I Parcel_ID 13-10-0258-007. __ MapSuffix ------- HouseNo ' 2720 Direction Street LISBURN ROAD '; Ownerl SULTZBAUGH, KEITH A ~ - C/O ~& GREEN RIDGE LEASING LLC PropType A PropDesc _ _. LivArea 3084 ~- ____ -W CurLandVal ' 211500 CurImpVal ' 59200 CurTotVal 270700 CurPref Val .Acreage 14.08,.... _" CIGrnStat TaxEx 1 -- SaleAmt ~ 208126 SaleMo -~~ 02 W. , SaleDa ~~ 26 j ~~ SaleCe _~ I 20 SaleYr ~ 10 I ~~ DeedBkPage ~ 201004985 I s ".- _~.. _ . Y~earBl~t 1900 HF File Date HF_Approval_Status Database 1 of 1 5/23/12 1:39 PM TaxDB Result Details http://taxdb.ccpa.net/details.asp?id=10-20-1838-028E&d... Detailed Results for Parcel 10-20-1838-O28E in the 2010 Tax Assessment DistrictNo 10 Parcel_ID 10-20-1838-028E MapSuffix ~ouseNo 6375 Direction Street BASEHORE ROAD ~Ownerl GREEN RIDGE LEASING LLC C/O _ ._.~.._. PropType CW .. .. PropDesc LivArea ~CurLandVal ~ 474000 CurImpVal 826000 ~. CurTotVal ~ 1300000 CurPrefVal Acres e ~ 1.58 ~g _ ~ ..... _ .... __.. CIGrnStat TaxEx 1 SaleAmt 1300000 ~~_ . SaleMo 02 __ SaleDa ` SaleCe ~ 20 SaleYr 06 DeedBkPage 00273-00209 YearBlt 1990 .. .. .. HF_File_Date HF_Approval_Status atabase 1 of 1 5/23/ 12 1:31 PM TaxDB Result Details http://taxdb.ccpa.net/details.asp?id=09-18-1304-082.&db... Detailed Results for Parcel 09-18-1304-082. in the 2010 Tax Assessment 09 atabase DistrictNo Parcel ID 09-18-1304-082. MapSuffix ~ ~ ~~ "` ~ ~ .. ~ ~ ~ _ HouseNo ' 754 Direction Street MEADOW DRIVE Ownerl ;GREEN RIDGE LEASING LLC C/O PropType ! R PropDesc~ LivArea 1274 -v .__ Curl,andVal 43700 CurImpVal ` 122200 .. . ~ . CurTotVal 165900, CurPrefVal Acreage "' .33 _... C1GrnStat~~ TaxEx 1 SaleAmt 125100 SaleMo 08 __ SaleDa 29 SaleCe " 20 SaleYr 07 DeedBkPage ` 200733656 YearBlt 1961 HF File Date ;,~ 12/ 14/2004 HF_Approval_Status :1 "' 1 of 1 5/23/12 1:33 PM TaxDB Result Details http: //taxdb.ccpa.net/detail s.asp?id=22-24-0773-041.&db... Detailed Results for Parcel 22-24-0773-041. in the 2010 Tax Assessment DistrictNo 22 Database Parcel ID ' 22-24-0773-041. ~...w. _ . „~.~. _ . MapSuffix HouseNo 1269 Direction ;~------ Street HILLSIDE DRIVE Ownerl GREEN RIDGE LEASING'' C/O _ ProPTyPe A PropDesc LivArea 1500 _ _ CurLandVal 218500 CurImpVal 183600 ~CurTotVal ~~ 100 CurPrefVal Acreage 15.83 C1GrnStat ------~ TaxEx 1 - SaleAmt !' 242000 SaleMo 11 ~~~ SaleDa 14 SaleCe 20 SaleYr " 08 -- ~- DeedBkPa e 200837227 `. g YearBlt 1997 HF_File_Date 01/07/2008 HF_Approval_Status R 1 of 1 5/23/12 1:34 PM TaxDB Result Details http://taxdb.ccpa.net/details.asp?id=21-07-0467-001.&db... Detailed Results for Parcel 21-07-0467-001. in the 2010 Tax Assessment DrstrictNo `` 21 _ .~......,.._e._-- Parcel_ID 21-07-0467-001. Map5uffix HouseNo 229 Direction...... Street --- WOLFS BRIDGE ROAD ~Ownerl GREEN RIDGE LEASING. LLC C/O PropType I"" PropDesc LivArea 1188 CurLandVal ~ --- 186300 CurImpVal 23900 CurTotVal 210200 ~urPrefVal _ . _ Acreage 17.70__.. CIGrnStat TaxEx SaleAmt ` 183800 SaleMo 07 SaleDa ' 24 SaleCe 20 SaleYr 07 DeedBkPage 00281-00502 YearBlt '' 1870 HF_File_Date . 02/28/2005 HF_Approval_Status ' ' R database 1 of 1 5/23/12 1:41 PM TaxDB Result Details http://taxdb.ccpa.net/details.asp?id=21-19-1637-030. &db... Detailed Results for Parcel 21-19-1637-030. in the 2010 Tax Assessment .~.~_ DistrictNo ~ 21 atabase Parcel_ID ~ 21-19-1637-030. MapSuffix ~HouseNo 29 Direction ----- Street HARMONY HALL DRIVE wnerl GREEN RIDGE LEASING LLC C/O . PropType ~ R PropDesc ~ & MEL-RON COURT LivArea 1198 CurLandVal 141200 CurImpVal 110600 CurTotVal 151800 CurPrefVal Acreage .35 CIGrnStat TaxEx ~~ 1 SaleAmt 110000 _.... ~ SaleMo ~ ~ SaleDa 17 ~ SaleCe ~ ' 20 ~~ SaleYr ' 07 DeedBkPage ;00279-03077 YearBlt 1977 HF_File_Date 02/25/2005 HF_Approval_Status ' R 1 of 1 5/23/ 12 1:35 PM TaxDB Result Details http: //taxdb. ccpa.net/detai I s. as p?i d=42-29-2454-365. &db... Detailed Results for Parce142-29-2454-365. in the 2010 Tax Assessment DistrictNo ~ ~ 42 atabase Parcel_ID 42-29-2454-365. MapSuffix HouseNo Direction _~~ Street KIM ACRES DRIVE Ownerl GREEN RIDGE LEASING LLC .. _,.... I '"~O PropType CL _ PropDesc & ASPEN DRIVE LivArea ----- CurLandVal 128800 CurImpVal CurTotVal ' 128800 CurPrefVal Acreage ~~ 1.03 C1GrnStat TaxEx SaleAmt ' 121000 SaleMo O 1 ~~ SaleDa 30 SaleCe '' 20 ~_~~~[ SaleYr 08 DeedBkPage ®200802873 YearBlt HF_File_Date HF_Approval_Status ;": 1 of 1 5/23/ 12 1:36 PM REV-'I508 EX+ (6-98) ~' _..~. `'. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF W. Wayde Kelly 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. FILE NUMBER 21-12-0022 (If more space is needed, insert additional sheets of the same size) (~ZEV-157? '">+ (10-U9} i pennsylvania SCHEDULE H °EPaRTMENTOFREVEN°E FUNERAL EXPENSES AND '""euI~AN~F,Ax kF1~RN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER W. Wayde Kelly 21-12-0022 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: i. Malpezzi Funeral Home $11,772.29 2 Funeral meal and other misc. funeral expenses $600.00 B. ADMINISTRATIVE COSTS: I. Personal Representative Commissions: $0.00 Name(s) of Personal Representative(s) Glenda F. Kelly Street Address 902 Peace Drive city Mechanicsburg state PA zIP 17055 Year(s) Commission Paid: 2. Attorney Fees: , lrf(clt`,~'l.~~ ~ ~~ fi~f'C"~~ , :;.~ d $750.00 3• Family Exemption: (If decedent's address is not the same as claimant`s, attach explanation,) Claimant Street Address_ City __ State ZIP Relationship of Claimant to Decedent 4• Probate Fees: $1,077.50 5. Accountant Fees: 6. Tax Return Preparer Fees: ~• Filing Fee $15.00 $ Reserves to conclude estate administration, final accountings $600.00 TOTAL (Also enter on Line 9, Recapitulation) I $ 14,814.79 If more space is needed, use additional sheets of paper of the same size. REV-1~1;"'~ (12-U8) i Pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, "HERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF W. Wayde Kelly FILE NUMBER 21-12-0022 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. If more space is needed, insert additional sheets of the same size. REV-'.513 EX+ (9-00; r " °~'" SCHEDULE J COMMONINEA~TH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURPJ RESIDENT DECEDENT' ESTATE OF FILE NUMBER W. WAYDE KELLY 21-12-0022 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE 1 TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Glenda F. Kelly, 902 Peace Drive, Mechanicsburg, PA 17055 Spouse 100% rest, residue & remainrlar of FGtata ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET ~ $ (If more space is needed, Insert additional sheets of the same size) I, W. WAYDE KELLY, of 101 Kelly Drive, Carlisle, (Silver Spring Township), Cumberland County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST: I direct that all inheritance, estate, transfer, succession and death taxes, as well as my just debts and funeral expenses, of any kind whatsoever, which may be payable by reason of my death, shall be paid out of the principal of my estate as the same can conveniently be done. SECOND: I give, devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereori, unto my wife, GLENDA F. KELLY, provided she survives me by thirty (30) days. THIRD: Should GLENDA F. KELLY predecease me or die on or before the thirty-first (31st) day following my death, I hereby grant an option to purchase all of my remaining shares of stock in Pennsylvania PERCS, Inc., at fair market value, unto my daughter, SHARON K. PELLMAN, of Mechanicsburg, Pennsylvania, said option to be exercised or waived by SHARON K. PELLMAI~( within a period of six (6) months following my death. FOURTH: Should GLENDA F. KELLY predecease me or die on or before the thirty-first (31st) day following my death, I give, devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, as follows: (a) Twenty-five percent (25%) thereof unto my daughter, SHARON K. PELLMAN, of Mechanicsburg, Pennsylvania, provided that should SHARON K. PELLMAN predecease me, I give and bequeath her share unto her issue, per stirpes; and (b) Twenty-five percent (25%) thereof unto my daughter, SUSAN L. EDGREN, of Mechanicsburg, Pennsylvania, provided that should SUSAN L. EDGREN predecease me, I give and bequeath her share unto my surviving children named herein, share and share alike; and (c) Twenty-five percent (25%) thereof unto my daughter, STEPHANIE JO BEERS, of Mechanicsburg, Pennsylvania, provided that should STEPHANIE JO BEERS predecease me, I give and bequeath her share unto her issue, per stirpes; and (d) Twenty-five percent (25%) thereof unto my son, DAVID W. KELLY, of Harrisburg, Pennsylvania, provided that should DAVID W. KELLY predecease me, I give and bequeath his share unto his issue, per stirpes. FIFTH: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all property, exercisable without court approval and effective until actual distribution of ail property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to gi~°e legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition. 3 (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, sur~division, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduciaries, as are deemed proper, ;vihout regard to any principle of diversification, risk or producti~~ity. (E) To exercise any option, right or pl-ivilege granted in insurance policies or in other investments, (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named beneficiaries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust adrriinistration expenses, to protect or improve any property held under my will, and for investment ptzrpc~ses. (I) To select a mode of payjr. nt arider any qualified. retirement plan (pension plan, profit sharing plan, emplo;yee stock. ownership plan, or any other type of qualified plan) to the extent provided for by the plan or the la~v, SIXTH: I nominate and appoint GLENUA F. KELLY Executrix, of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of GLEIoT~A F. IL'~LLY, I nominate and appoint SHARON K. PELLMAN and SUSAN L. EI)GR~;N, Co-Executrixes, of this, my Last Will and Testament. I direct that my Executi-i or her successor shall. not be required to post z security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this ~~'~ day of September, 201 1. /~~~~ (SEAL) W. WA E KEL Signed, sealed, published and declared by the above-named Testator as and for his Last Will and Testament in our presence, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address (7U SJ" Name 701 ~ er~h a C~:. l~l echa~i<s6u~ Address ~~ I~oSS Nacre