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Home My WebLink About07-24-121,50561,1,1,80 --.-~ RSV-1500 Ex I~2_,,, (F., OFFICIAL USE ONLY Pennsylvania PA Department of Revenue oeanRrmeNrcFReveNee County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX 280601 Harrisburg, PA 17128-0601 RESIDENT DECEDENT 21-11-1083 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 1,92-34-5039 0929201,1, 0321,1,942 Decedent's Last Name Suffix Decedent's First Name MI Sf1ITH HAZEL L (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE BOXES BELOW (~ 1. Original Return (~ 4. Limited Estate Cx ] 6. Decedent Died Testate (Attach Copy of Will) (~ 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return 0 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 0 10. Spousal Poverty Credit (Date of Death Between 12-31-91 and 1-1-95) 3. Remainder Return (Date of Death Prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes (~ 11. Election to Tax under Sec. 9113(A) (Attach Schedule O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number STEPHEN D. TILEY 71,7-243-5838 First Line of Address 5 SOUTH HANOVER STREE Second Line of Address City or Post Office CARLISLE REGISTER Q,E~WILLS USE C1(yL'Y 4lJ 4' _ ~-~ ~ ~..,.- ?~_ ~.7~:, - r,a , - G' `,' ~~~ r ''7 C"' _t, 0.~ =_'; = ~: rsSrF`r a Fn - ~ ~ -- ~~ State ZIP Code PA 1,7013 ~Y Correspondent's a-mail address: Under penalties of ury, I declare the a examined this return; including accompanying schedules and statements, and to the best of my knowledge and belief, it is true corre nd complete~@'e r n o ~reparer ether than the personal representative is based on all information of which preparer has any knowledge. SIG# P PO IQk` OR~lLING RETURN DATE _ A D D R~Sr ~ / KREIG L. SMITH 1,52 SPRINGFIELD ROAD SHIPPENSBURG~ PA 172 7 SIGNAT ARER OTHE THAN REPRESENTATIVE D E AD RES STEPHEN D. TILEY_ 5 SOUTH HANOVER STREET, CARLISLE, PA 1701,3 PLEASE USE ORIGINAL FORM ONLY Side 1 -i~ T ~'f f ~,_.- I_T_~ .~ 1,50561,1,1,80 1,50561,1,1,80 ~ p1 ~~U 1505611280 REV-1500 EX (FI) Decedent's Social Secu rity Number ~ecedent'sName: HAZEL L Si`1ITH 192-34-5039, RECAPITULATION 1. Real Estate (Schedule A) .... ....... .. . 1. 8 O O O O . O O 2. Stocks and Bonds (Schedule B) ..... , .. .... 2. N 0 N E 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .. . 3. NON E 4. Mortgages and Notes Receivable (Schedule D) ... 4. N Q N E 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) .. 5. 12 918 • O O 6. Jointly Owned Property (Schedule F) Separate Billing Requested ..... .. 6. N Q N E 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) Separate Billing Requested ..... .. ~ N Q N E 8 Total Gross Assets (total Lines 1 through 7) ........................ .. 8. 9 2 918 . O O 9. Funeral Expenses and Administrative Costs (Schedule H) .. . .... ....... . 9. 116 3 4 . O O 10. Debts of Decedent, Mortgage Liabilities and Liens (Schedule I) .... ...... . 10. 4 6 9 7 7 . O 0 11. Total Deductions (total Lines 9 and 10) .............. ............. 11. 5 8 611 • O O 12. Net Value of Estate (Line 8 minus Line 11) .................. ....... . 12. 3 4 3 O 7 . O O 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which O O O an election to tax has not been made (Schedule J) ........... ... .... . 13. • 14. Net Value Subject to Tax (Line 12 minus Line 13) .................... .. 14. 3 4 3 O 7 • O O 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 .0 O 15. O. O O 16. Amount of Line 14 taxable at linealratex.o 45 34307.00 16. 1543.82 17. Amount of Line 14 taxable at sibling rate X # # ;~ 17. O • O O 18. Amount of Line 14 taxable at collateral rate X # # #I 18. O • O O 19. TAX DUE .... ... 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1543.82 0 L 1505611280 1505611280 REV-1500 EX (FI) Page 3 Decedent's Complete Address: 21-11-1083 File Number 192-34-5039 DECEDENT'S NAME HAZEL L SMITH STREET ADDRESS 86 EAST MAIN STREET CITY NEWVILLE STATE PA ZIP 17241 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 2. Credits/Payments A. Prior Payments 1975.00 B. Discount 77.19 Total Credits (A + B) (2) 3. Interest (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. (4) 1543.82 2052.19 508.37 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 Make check payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred ................................. .................................................. ^ ^X b. retain the right to designate who shall use the property transferred or its income ................_...................... ^ ^X c. retain a reversionary interest ........................................._............,........................................................... ^ ^X d. receive the promise for life of either payments, benefits or care? .................................................................. ^ ^X 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? ....,...... ^ ^X 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? .............................................................. ___ ...................._.................... ^ ^X IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent (72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: ' • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)]. ~ The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 P.S. §9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116(a)(1.3)]. A sibling 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-1502 EX+ (01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Hazel L Smith 21-11-1083 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which propery would be exchanged between a willing buyer and a willing seller, neither being compelled to.buy or sell, both having reasonable knowledge of the relevant facts. Real property that is jointly-owned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedents interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION Personal Residence 86 East Main Street, Newville, PA 17241 Tax Parcel No.: 27-20-1756-101 Tax Assessment $101,500.00 Gross Sale Price to Urgan J. Smith: $75,000.00 on April 29, 2012 See Settlement Sheet attached hereto as Exhibit "A" Settlement Sheet shows $15,000 estate gift at lines 206 and 506. Gift was required for settlment, but is not deducted for inheritance tax purposes. Deeded in two stages: First deed from Estate to beneficiaries/siblings. Attached as Exhibit "B." Second deed from siblings to Urgan J. Smith. Attached as Exhibit "C." Parties went to multiple banks to obtain financing in difficult transaction. Condition of house reduced its value to less than assessed value. Bank of America appraisal for financing purposes: $80,000.00 attached as Exhibit "G." Parties agreement called for no settlement pro-ration, but instead for Urgan J. Smith to assume all real estate taxes beginning with those billed on and after Jan. 1, 2012. 80.000 TOTAL (Also enter on Line 1, Recapitulation.) ~ $ 80, 000 If more space is needed, use additional sheets of paper of the same size. REV-15C8EX+(11-10) SCHEDULE E Pennsylvania CASH, BANK DEPOSITS, & MISC. DEPARTMENT OF REVENUE PERSONAL PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ____.._ - ESTATE OF: FILE NUMBER: Hazel L Smith 21-11-1083 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1. Household Personai Property. See list attached as Exhibit "D." 225 2. Personal Checking Account No. 1159860 at M&T Bank -See Exhibit "E." 9,033 Accrued interest to date of death 0 3. Wal-Mart deposit to personal checking account on September 30, 2011 1,030 4 Wal-Mart deposit to personal checking account on October 13, 2011 17 5 ACNB Bank Christmas Club -Value at Close on October 26, 2011 415 Accrued interest to date of death 0 6 Refund -Direct TV 13 7 Refund -Blue Cros/Shield 71 8 Wal-Mart Stores check 44 9 Refund - CenturyLink 19 10 Refund - US Treasury -Year 2011 Personal Income Tax 771 11 Refund - PA Department of Revenue -Year 2011 Personal Income Tax 2 12 Reimbursement - Urgan J. Smith -Year 2012 County and Borough taxes 86 East Main Street, Newville, PA 17241 Had been paid by Decedent's mortgage company, Sovereign Bank, out of escrow 446 13 Escrow Account Refund -Sovereign Bank Mortgage. Upon sale of 86 East Mail Street, Newville, PA 17241 832 TOTAL (Also enter on line 5, Recapitulation) $ 12,918 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX + (10-09) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Hazel L Smith 21-11-1083 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Ewing Brothers Funeral Home 3,360 B. ADMINISTRATIVE COSTS'. 1. Personal Representative Commissions: WalVed Name(s) of Personal Representative(s) KreIC7 L. Smith Street Address City _ State ZIP Year(s) Commission Paid: _, 2. Attorney Fees: Frey & Tiley 4,250 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) 3,500 Claimant Urpan J. Smith Street Address 86 East Main Street city Newville state PA zIP 17241 Relationship of Claimant to Decedent SOrI 4. Probate Fees: 193 5. Accountant Fees: Frey & Tiley (Included in Attorneys' Fees) 0 6. T"ax Return Preparer Fees: Frey & Tiley (Included in Attorneys' Fees) 0 7. Check Printing Charge -Estate Checking Account 14 8. Advertising -Cumberland Law Journal $75.00 -The Sentinel $178.92 254 9. Bank Service Fees -Estate Checking Account 28 10, Register of Wills -Filing Fee for Inheritance Tax Return 15 11. Register of Wils -Filing Fee for Family Settlement Agreement 20 TOTAL (Also enter on Line 9, Recapitulation) $ 11,6 If more space is needed, use additional sheets of paper of the same size REV-1512 EX+(12-08) pennsylvania DEPARTMENT OFREVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABiLiTiES ~ L1ENS ESTATE OF FILE NUMBER Hazel L Smith 21-11-1083 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Check cleared after death. Personal checking account No. 1159860 Reimbursment to Denise L. Shimkanon 183 2. Walnut Bopttom Radiology 25 3. Carlisle Regional Medical Center 135 4. Presbyterian Homes /Green Ridge /Swain 28 5. Colonial Penn Life Insurance 27 6. Cumberland Goodwill Fire Rescue EMS 71 7. Cumberland Goodwill Fire Rescue EMS 30 8. Expenses From Sale of 86 East Main Street, Newville, PA 17013 -See Exhibit "A" Record Executor's Deed 62 Satisfy Sovereign Bank (Estimate on Settlement Sheet attached as Exhibit "A") 47,540 Post-Settlement Adjustment for final Sovereign Bank payoff amount -See Exhibit "F" -1,124 TOTAL (Also enter on Line 10, Recapitulation) I $ 46,977 If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Hazel L Smith 21-11-1083 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] Kreig L. Smith 1 ~ 152 Springfield Road, Shippensburg, PA 17257 Son One-Third Residuary Denise L. Shimkanon 2. 1200 Mainsville Road, Shippensburg, PA 17257 Daughter One-Third Residuary Urgan J. Smith 3. 86 East Main Street, Newville, PA 17241 Son One-Third Residuary ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUG H 18 OF REV-1500 COVER SH EET, AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE ANU GOVERNMENTAL DIS7RIBUTIONS: 1. ~ ' TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. 0.00 If more space is needed, use additional sheets of paper cf the same size. L/~ST WILL AND TESTAIJ6E~[T = ~ -- - ,: -n - :'~.Sn - OF ' ~ -~ -- - .; FtAZEL L. SMITH - .-~ ' ~ ` y : ,- I, Hazel L. Smith, of the Borough of Newville, (86 East Main Street), Cumberland County, Pennsylvania 17241, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all Wills and Codicils heretofore made. FIRST I direct the payment of my just debts and funeral expenses as soon after my death as may be convenient. I desire that me body be interred in the plot that I have at Westminster Cemetery, Cumberland County, Pennsylvania. I direct that all federal and Pennsylvania estate taxes, Pennsylvania inheritance taxes, and generation-skipping transfer tax payable as a result of my death, not limited to taxes attributable to property passing under this Will, shall be paid by my Executor from my residuary estate, including any part of my residuary estate that otherwise qualifies for a deduction for federal estate tax purposes. I direct my Executor not to seek reimbursement for any tax so paid from any beneficiary under this Will, heir of mine, or other transferee of property included in my gross estate. SECOND I declare that I am unmarried. I have three (3) children, to wit: Kreig L. Smith, of 152 Springfield Road, Shippensburg, Pennsylvania 17257, a son born August 7, 1966; Denise L. Shimkanon, of 1200 Mainsville Road, Shippensburg, Pennsylvania 17257, a ~ daughter born October 6, 1970; and Urgan J. Smith, who resides with me at 86 East ~~ Main Street, Newville, Pennsylvania 17241, a son born September 13, 1978. ,~~\ THIRD J\ All the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give, devise and bequeath, in equal shares, per stirpes and not per capita, unto such of my children as shall survive me by ninety (90) days, but should any of them fail to so survive me then the share such deceased child of mine would have received shall pass to such of his or her issue as shall survive me by a period of ninety (90) days, per stirpes, and if there be no such issue the same shall lapse and be added to the remaining share or shares, At the present time I have three children, as aforementioned. FOURTH I hereby nominate, constitute and appoint my three said children (Kreig L. Smith, Denise L. Shimkanon and Urgan J. Smith) as Co-Executors of this my Last Will and Testament, or the successor(s) or survivor(s) as Co-Executors, or alone as Executor or Executrix, as the case may be. I further direct that no bond or other security shall be required of any Executor or Executrix appointed in this Will for the performance of his, her or its duties in any jurisdiction in which he, she or it may be called upon to act. The terms Executor or Executrix may be used interchangeably in this Will and shall refer to any Executor or Executrix appointed in this will, or any other Administrator appointed by a court of competent jurisdiction. Last Will and Testament of Haze! L. Smith Page ~ al3 FIFTH In addition to, and not in limitation of, the powers conferred by law or by other provisions of this Will, my Co-Executors shall have the following powers, each of which may be exercised from time to time by my Co-Executors in their sole discretion: (a) To retain in the form received, and to sell either at public or private sale, or to distribute in kind, any real or personal property. (b) To manage both real and personal property. (c) To invest and reinvest in all forms of property, notwithstanding the fact that any or all of the investments made are of a character or size which but for this expressed authority would not be considered proper for an Executor. (d) To exercise any option or rights arising from the ownership of investments. (e) To compromise claims without court approval and without the consent of any beneficiary. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament, written on three (3) pages (including notary page), this 15th day of September, 2006. ~~~ ~ ''~~.~~G(S EAL) Hazel L. Smith Signed, sealed, published, and declared by Hazel L. Smith the Testatrix above named, as and for her Last Will and Testament, in our presence, who, in her presence, at her request, and in the presence of each other, have hereunto subscribed our names as attesting witnesses. _ _ ,~ ~ ~1 `L'~ 1~~~ ~. Last Will and Testament of Nazel L. Smith Page 2 of 3 COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTY OF CUMBERLAND ) We, Hazel L. Smith, the Testatrix in, and Stephen D. Tiley and Robert G. Frey ,the witnesses, to the Last Will and Testament, the attached or foregoing instrument, who have signed the instrument, having been duly qualified according to law do depose and say: that I, the Testatrix, do hereby acknowledge that I signed and executed the instrument as my Last Will and Testament, that I signed it willingly and as my free and voluntary act for the purposes therein expressed; and that we, the witnesses, were present and saw the Testatrix sign and execute the instrument as her Last Will and Testament, that she signed it willingly and executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Last Will and Testament as a witness and that to the best of our knowledge the Testatrix was at that time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. Hazel L. Smith --~J ~~ i \\\\ ~/~~/u ~I Subscribed, sworn to and acknowledged before me by the Testatrix and the witnesses above-named, this 15th day of September, 2006. __~t~S 0. Notary Public NOTARIAL SEAL TRISHA A. LIESS, Notary Publ~ Borough of Carlisle, Cumb. County. PA My Commission Expires May 20, 2010 Last A~ill and Testament of Hazel L. Smith Page 3 oj3 e corrlo,,,onr sraron,o.,r rut In_n ( ) 9 FHA Settlement Statement - U. S. Deaartment of Housin and Urhan Development Form US HUD - 1 Pa e No. t ( . FmHA 6. File Number 7. Loan Numbef 8. ~Ylortgage Insurance X 3. Conv. Unins. Case Numher i i a vA RE3524 242097881 i ) 5. Conv. Ins. ABST~6715 C. This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p. e.c.)" were paid outside cf the closing; they are shown here far informational purposes and are not included in the totals. D. Name and Address of Borrower E. Name and Address of Seller: F. Name and Address of Lender URGAN J. SMITH ESTATE OF HAZEL L. SMITH BANK OF AMERICA, N.A. 86 EAST MAIN STREET KRE1G L. SMITH, EXECUTOR ISAOA AT1MA NEYWILLE, PA 17241 36 EAST MAIN STREET 6400 LEGACY DRIVE NEWVILLE, PA 17241 PLANO, TX 75024 G. Property Location H. Settlement Agent: Settlement Date 86 E. MAIN STREET, NEWVILLE PA 17241 FREY 8 TILEY A ril 27, 2012 BOROUGH OF NEVVVILLE Place of Settlement: 4 p.m. CUMBERLAND COUNTY 5 SOUTH HANOVER STREET PARCEL NO. 27-20-1756-101 CARLISLE, PA 17013 :~--• • s ~ 9G0 Grass Amount Due From Borrower 400 Gross Amount Due To Seller tOt Contract sales puce 7$,000.00 4C9 Contract Sales pnce 75,000.00 t02 Ferscnal property 4G2 Perscnal property i03 Settlement charges Yom (Ilse 14GG1 4,303.57 a03 104 uC4 9os Settlement charges from Addendum 0.00 4Gs Adjustments Por items paid by sallenn advance; Adjustments fcNtems pa,d by seller in advance- 1C6 Cilyr;oevn taxes ~271t2 to 921°i/1t - 0.00 AG"o Cayitewn ;axes 4!2?.1t2 l0 92;371tt 0.00 iD7 County taxes 107 Ccwtty taxes 'CB Assessmens 4C8 Assessments 9rs aas .10 Schoel taxes 4127;12 to Ei3G112 0,00 490 Schoel taxes 4127112 to 6.°0192 0.00 199 4t`, 112 412 9 ZC Gross Amounr Due Fram Borrower 79,303.57 420 Gross Amount Due to Seller 75,000.00 ~GC Amounts Paid By Or In Behalf Of Borrower 201 Cepos,t or aarnest money 202 PnnC:pal amount of new'oan(s)^' WIRE `$57,175.31 _.,,, Exisfirg loan(s) taken scbject to 204 2C5 Zoe GIFT ZG- Zoa zos Adjustments ror items upard by seller 2'.0 ~'ty ^a.^.n .axis ': br"I to 4~27ir2 2t'~. ~; un?y ;axes 212 Assessments 213 Szh:,cl taxes'-9'91 to 4i~`1~ r .,F 2'.6 ?t~ 2113 219 ?20 Total Paid ByFar Borrower $GO Cash At Settlement FromlTo Borrower 301 Grass amour.: due from. rorrower (hne 920) 302Lessamounts paid by/for horrower (fromline 220) 303 Cash (X) From O 7o Borrower 60, 000.00 15,000.00 SGO Reductions In Amount Due To Seller 501 Excess deoost isee instruc;ionsl SC2 Battlement charges to salter fllne 1x00} 503 ~<isting !oan(sl taken suo(ect tc ~..~ ?ayctf of first mortgage 'eon SGS Payoff of second mortgage :eon SGo GIFT sG. sos SOVEREIGN sc~ Settlement charges from Addendum Adjustments for items upaid by seller 5r0 C~tyt, ~vr [axes 1/'!'. :ro 3~~"^~ 5`9 ~ocnry [axes -._ .=ssessments 59.: bcnao~ taxes .;9111 m 4127`"2 J i r 5".d 51J 75,000.00 520 Tefal Reductions to Amt Due Seller 62.00 47, 540.00 15, 000.00 0.00 62,602.00 500 Cash At Settlement TolFrom Seller 79,303.57 60t ~russamounttosellerhom rnea20} 75,000.00 (75,000.00) 602 Lzss reductions in amouniduz sziler (from line 52C): (62,602.00) 4,303.57 603 cash (. } Frdm (X) To Server 12,398.00 Initials Page 1 of a Inttials ~~~~~ ~ a ~+3 ' 700 TotaESaiesB~okers Comm. based on price: 75,oeo.oo o.oo Division of Commrssron il..e 700i as fo/louvs: N:A 70' to 702 7C3 Ccmmissior, paid at °attlement 701 aca Items Payable In Connection With Loan: ('do Rgage Amt: 60,000,00) Total charges. lane s 301 Ih,ccgn 808_ 1.785.OC 80'. ^~ur criginatlon fee S 975.00 ;from GFE #1) 802 Your edit or oharge (pointsl for ;he saecific irterest rate chosen S 675.00 ;from GFE #2; 803 Your ad;usted onginattan charges (from GFE A) '8ca ,appraral'ea :o LANDSAFE APPRAISAL SERVICES, INC. (from GFErt3) $405 POC(B) sas Creditreportto LANDSAFECREDIT,,INC. (fmmGFE#31 $3SPOC(B} sce Tax service to BAC TAX SERVICES CORPORATION (`ram GFE #s) 8c7 Flood cerincatien tc LANDSAFE FLOOD DETERMINATION, INC. (from GFE #3j 8G3 _ _ , ~s items Required By Leader To Be~Paid to Advances .901 oa~lr~„ter~st~t,ar9~ 27-Apr-12 to 1-May-12 @7.60000 f`romGFE#.OI 902 Mortgage Inscrance Fremium 'or months to (from GFE #3i 9C3 Hazard Insurance 1 years to ERIE INS. (from GFE #tt) y01 agaG Reserves D®posited With Lender: ._ tOCt Initial deposit for your escrow account (from GFE #9) toot Homeowner's insurance 4 mos_ ~ $36-67 per month 146.68 :003 Mortgage Insurance mos_ ~~ per month 1GD4 P~cperry taxis 3 mos. ~ $37.13 per manta 111.39 1005 Schnol taxes tt mos. ~ $100.29 per month 1,103.19 tOG6 mos. ~ per month 1C07 AggragateAdjustment (331.97) TOO Title Chargesr 11G1 Title Sarvfces and lender's ttie insurance END 300 AND 900 (from GFEtW) 11 G2 Seitlement or closing fee FREY & TITEI' $ - 110'. O~ronets title insurance COU~MONWEALTH LA,YD TITLE IBS. $ $1.00 (;ram GFE #S) 11 G4 Lenders title Insurance COMMGMlVET-.LTH LAND TITLE INS- ~ 656.38 11 C5 Lender's utlle policy !unit S 60.000.CO 1'Oo Cwner's title policy limit 5 7~ 000.00 1107 AgenPs portion of total title insurance premium $ 627.20 1168 Underwriter's portion of total title insurance premium $ 110.68 1 zco Eiovernment Recording and Transfer Charges: 1207 Government Recording Charges - 1202 Deed $62.00 hAortgage $90.00 Releasas 1203 Transfer Taxes t ~C4 C,yicounty fax Oeed exempt Mortgage. $ 1205 SlatetarJStamps Ceed exempt Mcrtgage_ $ 12os EXEC DEED RECORDING FEE TO RECORDER OF DEEDS ,ado Additional Settlement Charges; 1x01 Recuired Services that you can shop for (from GFE i`#6) 1302 °esc inspection to -1'G3 Current Taxes tlue frcm 7ocorreriSeiler 1~Ga DEED PREPARATION FEE TO FREY 8 TILEY 1305 PaitlFrom Paid From Borrowers Sellers Funds at Funds at Settlement Settlement 0.00 0.00 1,650.00 P.O.C. P.O.C. 89.00 26.00 30.40 440.00 1,029.29 805.88 81.00 I I 152.00 700... 701 702- 703 -ry ham. 801 802 803 804 805 806 807 808 sot 902 903 904 1 C00 1001 1002 1003 1004 1005 1006 1007 ,.__i _:I 11a1 1102 1103 1104 1105 1106 1107 1108 1201 lzaz 1203 1204 1205 62.00 lzas 1soo 1301 1307 1303 0.00 1x04 1305 .•~ • _ _ .- - • - ~ - . _ . 1 - • -- ----=-==4,303.57 ---------=====62.00 •adoo~ I direct and authorize FREY &TILEY to make distributions indicated for my account on the attached HUD-1 Settlement Statement, approving the tax prorations indicated therein, and understand that prorations were based on figures for the preceding year, or estimates for the current year, and in the event of any change for the current year, all necessary adjustments must be made between Seller and Borrower direct; likewise any DEFICIT in delinquent taxes will be reimbursed to FREY &TILEY by Seller. I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. ' U ~/. URGAi~! J. SiVIITH ESTATE OF HAZEL L. SY11TH a ~, ~ ~j KR€IG L. SiVIITH,~EXECLlTOR To the best of my knowledge, the HUD-1 Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been or,roill be disbursed by the undersigned as part of the" settlement of this transaction. ~~-- ~,i' L.-- ,~~ ,r j; r' ! ;~ ' April 27, 2012 ~Rc"~~c~ TILEY, Settlement Agent Pagezofa Date ta~'~s"'~' ,''` HuD-1 ADDENDUM Additional Settlement Char es to Borrower: Additional Settlement Char es to Seller: INCOMING WIRE FEE TO ORRSTOWN BANK $12 SEE LINE 1101 CAL FEE TO CLTIC $75 SEE LINE 1101 ELECTRONIC DELIVERY FEE TO FREY 8 TILEY $50 SEE LINE 1101 OVERNIGHT DELIVERY FEE TO FREY 8 TILEY $12 SEE LINE 1101 Total to line 105 0 Total to Line 509 INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS THIS HUD SETTLEMENT STATEMENT CONTAINS IMPORTANT TAX INFORMATION (BOXES E, G, H, I, M AND LINE 401) AND IS BEING FURNISHED TO THE INTERNAL REVENUE SERVICE. IF YOU ARE REQUIRED TO FILE A RETURN, A NEGLIGENCE PENALTY OR OTHER SANCTION WILL BE IMPOSED ON YOU IF THIS ITEM IS REQUIRED TO BE REPORTED AND THE INTERNAL REVENUE SERVICE DETERMINES THAT IT HAS NOT BEEN REPORTED. 0 TAX PRO-RATION ADDENDUM Date of Pro-Ration: Borrower Seller SCHOOL REAL ESTATE 7AX Owes: - April 27, 2012 from July 1, 2011 to June 30, 2012 I. School Real Estate Tax- Face School Real Estate Tax- Pet Day SO OOOCG ASSESSMENT: _.... COUNTY 8 MUNICIPAL TAX C.ves: from January 1, 2011 to December 31, 2011 Co. 8 Munic. Real Estate Tax- Face Co. 8 Munic. Real Estate Tax- Per Day 0.00 See Settlement Sheet _ Lines Yes 106 8 406, 110 8 410, Schaal taxes ?.O. C. or chargetl ro Seller 210 8 510, 214 8 514, School taxes P.O.C. or charged to Borrower and 1303 for Co. &Munic. P.O.C. cr charged to Szller Results of this Addendum. Co. & Vlunic. P.O.C. or charged to Borrower Page 3 of a L_.~ ~~ :cmparison of Good Faith Estimate ,~FE}and LUG,i Charges Gooa r•aim ~snmata HuD-t Charges That Cannot Increase HUG-1 Line Riurnber Oar gnglr,atien charge nao~~ 975.00 975.00 Your credit or charge (points) `cr the specfic interest rate close, ~ see 675.00 675.00 Youradjusted origination charge ~ so3 1650.00 1650.00 Transfer taxes z ~~~~ 1500.00 Charges That in Total Cannot trtcrease 3Vtore Tharf 1fl°~ ,,.Gaud Fatth Estimate _ . _ _~ €1ua=~-~ , Gonremment recording charges ~ t:cz 210.00 152.00 Appraisal Fee ~aoa 405.00 405.00 Credit Report uaos 35.00 35.00 Tax Service Fee Boa 89.00 89.00 Flecd Certification Ica 26.00 26.00 n x n 765.00 707.00 ... - .... . ... -58.00 N/A Charges.That.CanChange ~ ~' GaodFatthEstimaty HUD-t Initial deposit for your escrow account x ;oat 1245.75 1u2y.29 Daily interest Charges Heal ~ zaooco /day 7.60 30.40 Homeowner's insurance ~ sas 288.00 440.00 Title Services and Lender's Title Ins. xi got 375.00 805.88 Cevner's Coverage z?toa 708.75 81.00 Your initial Loan amount is ~ 60,000.00 Your loan term is 30 ears Your initial interest rate is 4.625% Your initial monthly amount owed for princiipal, interest, and $ 308.48 Ir1CIUdeS any mortgage insurance is X Principal X Interest Mort a e Insurance Can your interest rate rise? X~ No _ Yes, it can rise to a maximum of %. The first change will be on and can change again every _ after Every change date, your interest rate can increase or decrease by _%. Over the life of the loan, your interest rate is guaranteed to never be lower than % or hi her than %. Even if you make payments on time, can your loan balance rise? X NO _ Y25, it can rise to a maximum of 5 Even if you make payments on time, can your monthly _X_ No ~ Yes, the first increase can be on and the monthly amount amount awed for principal, interest, and mortgage insurance rise? owed can rise to $ The maximum it can ever rise to is $ Does your loan have a prepayment penalty? X No Yes, your maximum prepayment penalty is 5 Does your loan have a balloon payment? X~ No ~ Yes, you have a balloon pahment of ~ due in years on Total monthly amount owed including escrow account payments _ You do not have a monthly escrow payment for items, such as property taxes and homeowner's insurance. You must pay these items directly yourself. _X_You have an additional monthly escrow payment of 5174_09 that results In a total initial monthly amount owed of $482.57. This includes principal, interest, any mortgage insurance and any items checked below: X Property taxes _X_ Homeowner's insurance Flood Insurance Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact you lender. ~;~~~~ ~' Huo-t Page4af4 w,'-F ~. tS ~W~ ?~ _ I~II~I~'IfI~II~~If~~~Illll~ OC3SrtU 'Cax Parce! NEz.: 27-20-I?76-]t}? THIS INDENTURE i1iAlIE TNF' I~ ~ ~~ derv a1/~1'ebr~ru,%~ i~ she i~er~r cif r;ur Lc~rcl nrr'~ tiinusa~id rn~e?ve (2Qi~ j IfFTF~'GE~' IiIZI'ICi 1. S~b11TH, E.eec'utor of t(ie Lcaa'r S1~'ilt aru~ 7~esturrrent rrf H:1TE7. L. S,w1lTFT, e1~~rensed, true of ?V'e~a~~~ille f3or~ar,h, Cnm6:rrntd Coarrtn~. l'crrna_vlrnairi, party of the first part, C1RA~tiTUK, ~t h'T) KItE1U L. S&4IT~l, of 152 5pring/u=trl i~nrai, 5/iii~psnsbrrru~, Penns.~~Ivnrder 17?57, tool DfirVISL'' L. SHL1~hAPJO~Y, of i2fX) rYluittsri!Le Koad, 1/zippensbtrrg, 1'erurryirnnia 1?257 utzc; tRZGafV J. Sd~1 X'Ft. of 8~Ci East A~tuit: S;reet.:~'crwcille, Ct~nrberlarrci Cc;xrzn~, f'ervtst~,`i~tr!urr. ,cutrties r~{tile s~c;md parr, G R=~ ti'1~EES. V4'HI,I~I;AS. Hazel L. Smith died an Septesttber 2-~. ?~~ I, seized in fee of ti~~ hcrei~t2Pter-described real estate, rind by her Last Will and Test~ut~ent dated September I.S, 2006, since her death duly proved and r~~mairtittg of record itt the itegaster of ~~'ills. in and tior Numberiand Count}, at Carlisle. Pennsylvania, crud tiled to estate Pile i~o. 21-2(171-1033. provided. u;tcrtttfv as loflor~-s: TI€[RD All the rest. residue and remainder of my estate, real, personal and mixed, and wheresoever the same niay he situate, 1 3ive, devise and hulueath, is equal shares, per stirpes and not pee crrpita. unto such oi' my children as shay: survive me by t3inety (40) days, but should any i;f Chem Fail to so survive me then the share such deceased ohild at ,,+nitte +vot~ld have received shrtlt pass to such of his or her issue as shrill survive me by a period of~ ninety (9t1i cloys, per stirpes..utd if these l+~ no such isstae the same shall lapse and be added to the rerraininb share r?r shares. At the present time 1 have thr°ee cl:itdren, as aturetrtentionecf. ! hereby r3ominate, ca*tstitute and appoint my three said chiidtcn (Kre3a L. South. Denise t~- Shimkan«n and Urgat3 J. Sttaieh;t as Ca-executors oi' this my Last i~'ili and Testtttnent, or the successor(s) or sun~ivor(sj as Co- Executt?a's, or ulonc as Cxecuttir or F.xecuh;x, s the case mrty he.... r'a~e WHEREAS, Urgan J. StniE(t and Denise L. Sftitnkannn re€taunced their right to administer the Estate of Hazel L. Smith: Si`HEREAS, Letters Testamentary itt the Estate of Hazel L. Smith, Deceased, were issued t,y the Cumberland Coun[y Register of Wills to Kreig L, Smith, on October 14, 241 i, without the requirement that any bond be posted by him, which Leiters are filed to Cumberland County Estate File No. 21 -f I-1483, and which Letters remain in full force and effect, WHEREAS, Section 3351 of the Probate Estate and Fiduciaries Code {24 Pa. C.S.A. 3351) gives personal representatives the power to sell at pabtic or private sale any real property not specifically devised, WHEREAS, the hereinafter described real property was not specifically devised, and OtVHEREAS, the said residuary beneficiaries desire to receive an "in kind" distribution of the hereinafter described real estate. A'C3ti' THIS lNDE11'TtJRE WPI"NE5SE'fH, that the said Granters for and in consideratiart njthe sum of One-- ($1.0©)-- 73ottar lax f tl money of tJre United States, ro them, in hued paid by the said Grantee, her heirs and assigns, at and hefare the sealing artd deliver hereof; the receipt whereof is hemb}~ acknnw(edged have grunted, bargained, .sold, aliened, released and confirmed and h}' these presents, do grmtr, bargain sell, alien, release and confirm +utto the said Grantees, their heirs arrd assigns, ALL THAT CERTAIN house and lot of ground situate in the North Ward of the Borough of Newville, Cumberland County, Pennsylvania, and bounded as follows: BEGINNING at an iron pin on East Main Street 84 feet 6 inches East from the Gne of lands now or late of John Swartz; thence along line of property now or late of Thomas Harsh, South 23.5 degrees East, 164 feet to an iron pin; thence by land formerly of George W. Frey, now of the Bin Spring Presbyterian Church, South 64.5 degrees West 37 feet to an iron pin; thence along lands now or formerly of Levi O. Mowery, North 23.5 degrees West, 160 feet to said Main Street, and thence along the southern line of said Main Street, 37 fees to an iron pin, the Place of BEG[?v'NiNG. 17241. BEING known and numbered as 86 East Main Street, Newville. PA BEING the same premises which Sharon Lightner, Executrix of the Estate of Lester M. Mohler, by deed dated September l4, 2043 and recorded September 11, 2443, in the Office of the Recorder of Deeds, in and for Cumberland County, at Carlisle, Pennsylvania in Deed IIook 259, Page 1080 granted and conveyed to Hazel L. Smith, single woman, whose estate is the Grantor herein. PCIRSCIANT to 72 P. J. §8142 - C.3{7) the within conveyance is exempt from all realty transfer tax as a Eransfer for no or nominal consideration by testate succession from a personal representative of a decedent to the decedent's devisees. TOGETHER with ail artd singular ways, waters, stater-courses, rights, iiherties, priviteges, hercditaments arrd appurtenances »~hutsoever rherewUO belonging, or in anywise annertaining, trod the reversions arut remainders, rents, issues and profits thereof,' and also all die estate, right, title, interest, use, trust, property, possession, ctairn arrd demand whatsoever of the said Hanel L. Smith at anct irnmediarely bcjore Jlre time of her dearly, in law, equir}~ or otherwise hansvever, of, in, to ar nut of tJre sarrre: Tt? HAVE A,'VD Tt7 HOLD, t{€e sale{buildings, hereditaments and premises hereby grruned and released, ar ntc•ntianed and intended so to fie, whit the upp:trtenanres, wuo the said, Grwttees, t/reir heirs and assigns, to and far the only praper use and beltoof of the said Grantees, t{reir heirs and cssigrts, farever. Page T of 3 t:.4 ~~:~'£) rhr saki Guur;nr Glr~c~s un~ardrtt_ pnnr~ se nna r~tee, Iu r,nil ti~~itk ifte said G: c;t~t<res ,hr i 'teirs rn.~l ~~,signs, bt' theses ~irescrtl~~, !lust he she sass] (rumor, f;r+ lint chute, cnnnt tr~ii, ~„~ t!to ~r:;;f~, or 4.;!?irat,r~'s~.fJ~t-ed to fie r/ni7e~ rtr :t~tanrttui;~ ~t~r~` ctct, ntrtiter~ ter t~;iri~ tchu,4~e.c,~ u Serefrr rlte fu'e~!tiscc fterclr granted, ear ur:~ l~crr? ,hc. ,n~. ~s, arts, shat! irf rnat~ f.,r, i;tt, ~.~ct;erl ~ u~t;~ed nr crrsuni>creei, bt tilt t-urge. Cstilre, iii a r 'rh'isc hrT~rsoer~t>r, 1~'If~4'LSfi tl+e dire e:a'r. ar'citt frcwu~J the duy rrtmtth urtz! t=eerr~,rirst ahos~e x~rit,~crz fi~'7T~'ES.S: . ---~ -!-`,~' , ,.~. L h32~ , L.. Sh-~(TH, L-xectttcr of the l.t~s? bVsil ait~i Ttstarneni of I-tA7Gl. L, Sh-~i'1'N. Deceased C,tnutt cm weal tf! ul Pet: rt.cc(s~zut i e4 f ss. Czxuup q~"Crrmbcrland c~` Ott this, the c~l drx~~ z;f t'ebrtrar,~~ 'tj1_', t3cjore rrte, rile ut:dersfgr;ed oJ;rec:r. ltersnnallj~ ar~fneured f;Rl:'IC; 1.. S7Yf73'FI, L.recutor of r)te Ltu; }Val{ atul Tesrarnent r~ I~,~1ZE! L. Sh~iTM late of the f.~orough of tt`tsuwille, C:r~rrttUeriutxl C:atrt{t', Fetursyla~nnici, Derttased, kran-tt ao nest jot s~atisfar~ictrah~ prre~~er.~ Io be tfte pet's[ut x°fuise ngn:e rs strl>s'criheril to Jfte ~+~itltin Lu~rrtrnaenr, uttd uckvtoxstedp;ad ;Prat fu r.ec=ctned Tire .utttre irr dve <rrt otities rGerrin sruuu trot! far thr urposes therein czttt:air;<~d. fh ~~I7;~`/•'.SS F~'HERBOF, l herrvtua set tt{i~ hr+rtd irnd oflicinf seal. ' rsrtr re*ns+tvn+v,,. wwru a~as ~ o.~ arv~ acme., anhr~aw ca,~af an Yrr~aw~.zo,< ;.7 j _ ... ._-- I C do eterein cerfifc flirt the pre~eise res rl^rcc ar;d complete ).pus! ofjiee nrldrt>ss u( tfte. r;itflft: nezmzd G~rarztecs is lb C-'asst A~aln Streit, ,h'etrvflle_ PA f7?~}. 5tu~lfran U. Tiley~ Es'ytsirc Attiune}` fer G ranizes Pagr . ~;' d ROBERT P. ZIEGLER RECORDER OF DEEDS CUMBERLANI?COUNTY 1 COURTI-IOUSE SQUARE CARLISLE, PA 17013 717-240-6370 Instrument Number - 201212446 Recorded On 4f30(Z012 AI 11:04: 34 AM • Instrument Type -DEED Invoice Number - 107136 ilscr iD - iNSV4' * Grantor - S141IT'H, HAZEL L * Grantee - S;VIITH, KREIG L * Customer - FREY * FEES STATE WRIT TAX $0.50 STATE JCSJACCESS TO $23.50 JUSTICE RECORDING FEES - $12.50 RECORDER OF DEEDS PARCEL CERTIFICATION $10.00 FEES AFFORDABLE HOUSING $11.50 COUNTY ARCHIVES FEE $2.00 ROD ARCHIVES FEE $3.00 BSG SPRING SCHOOL $0.00 DISTRICT NEWVZLLE BOROUGH $0.00 TOTAL PAID $63.00 * Total Pages - S Certification Page DO NOT DETACH This page 'ts now part of this legal document. I Certify' this to be recorded in Cumberland County' PA * t:t, +`~ (cam ~ ~~,.c,~-~ i! ° ~ ° ` RECORDER O D EDS rma Information denoted try an asterisk may change during tfie verifirotion process and mny not be rc6ecad on [his pnge. OCaSHU ~~ ~~~i~~~~~~~~~~~l~~~~~) ~-. "~ ~ " „t - ~~ 1~„~ `'~._~ t~,,~ ~' 'd'~l~'I,'MII' Taa Varcel No. 4t,-;1^-G4''-(I^_S THIS DEEP, tVi<TI)E` ~'filz .~~~ ~ c!c{t' rrJ'~ t.bracr-;: rrz th ~ year of our l~~rci t~~,rr tltntrsa~td t++elr-c~ (_'Lt t _' i. I3F"I'YT'~EN tiR~IG L, S.1-Ill'H, ~j {J2 8pring~~(ti ii'oczd, S'ItihErerkxhtrrg, 1'entr.ir!rcutia I?2~i, arm UI't\'ISF' I_. SHfrilKdA't1:!', Y,j 1?CtC181ahrs~i°ilie Rr~ad, Slrippertebar~, f'enrrrvlvtrnitr 1 %>~.' and L'I2Gr1,'4'.J. S,1~1f'LH, cif SPr lir,'_st A9uira Street, :~'e~a~uiGle, C;anf;erlnnd Camuc, Pcrtnsvdrr:+iia, panics of the first part, (sra12lt7Y5, trltai LlRGA1V J. fi;L11T1;1, sirz~,de umrL of ~Sfi Estsr .A9crrr. Suez[. Neiewific, Crrrrrl3erlaud Cc>ruuy. Perrrasyir~ania party of the second part, Grmtrct: 43~1T,~'ESSE7~t1, rhrtr irr cnusitleratkrrt n~~5et'ttttr'-fi~'e TIt€~nsaszd and no ]randrecIt}ts--- (~75,0O~.OU) ---P~otlars, in hard ieuitl, rite rerreipr rovherenj~ is hereb~~ acknrna~lertged, tlrc~ said Grarrtars do tterel~y tireint and canvrs to the stir.' Grantee, hi.r heirs arrd assi~n,r, ALL 'PF1A'P CERTAIN }souse ;uxl lot of ground situate in the Norde G~'ard of the Lic~rougie of NeEVV~iile, Cumberland County, Pennsylvania, amt (rounded as follotivs: i3ECINNItYC at an iron pity on East Maul Street 8fl feet Cr inches East from the line of lands notiv or late crf John Swaetz; thence aloree line of property noa' or late crf Thomas Harsh, South 23.5 degrees 1:.1si, 1t5L1 feet to an iron pits: thcnre b~~ land forneeriy of George SN. Frey'. nc7w of tree 8i, Sgring Preshgterian Cinux:it. South frLS de!,recs 4i'est 37 feet to nn irtrn pin; thence ahrng (ands ntrw car formerly of Levi O. Mowery, North 23.5 degrees w1'est, tb0 feet to said ivlain Street; and thence aEona the soarl7erra line of :arid A-]ain SEreeE, 37 feet to an iron pin, tree Place of QEGt?dNING. ISEING knov<~n ants numbered as 8b East iv~ain Street, ~Jewvflfe, F„ 1?2A1. ISEING, the same premises Krcig L. Smith, Executor of tits Est.rte of }iazct L, Smith, by decd dstetl ~ ~.~i~ and recorded -/ r ~ t r ~" in thu Office of ~ the Rect?rder of ' f '-=r-- Deeds, in and for Cumbarl.:nd Count}, at Carlisle, Pennsylr,rnia to Instrument No. ~~t ~r ~ .~,tt,. amazed and canveyeil to Kreiti~ L_ Sarahh, Denise L. Shimkanott aced firgan L. Smith, Grantors herein. THE 1~'ITI3IN Eruesactian is be.nvean bathers and sister znd is, tharefi~re, exc-rapt from till realty trim,fer tt:xe, pursuant tea 72 F. S. ~5 iCi2 - C-3(bj, ~ y..~Y :~~`U the laic( Circrruor.~ r!~r hereby r~cn~cr~mt; ran:1 rrgre~~ !I:crt .+i:e_~• +rie; ~rarrcrr;? SPLCIILLY f(te PraJmrtr i~eael>t c btit~=",'cu. Ll` >i'ITR'L~SS {~'HEREt'~I~; .mid Grzmtr~r.r /rave hereuntn s_+t their /tctnds anu s~cu,'s ;hiti dac and very first about irrittc~n. Si;,rrerl, Seaicit, crrtd £Jelfvered in Uie Pres+:rue of y„-,-`'' ! ~ ~~~~ . ~ ;;rte / f;. jj ~ f I~R~[rr L, S^~~TPTI3 ~r~ ~~ r ; ~, ~ ~ j! .r I s _...~_ d '~ ~ d f C f'~~~11'+'j ~U Y J°'# (~~:Y~~ . -.r-~r r r'`~ f)EF+1I51/ f, S[-Ith71:AN~N r r ~~ ~ / ,,~ ~ " , URG:~INJ. S;v7iTi1 {w'c!rnrrrortrrca(rh nf~Penrrsyr`vurzir~ ('aunty of Curuhcr'lrand ss. t, Orr tfrts, tk~ ~; day of (~~~lrruary, 2(112 bcfiw-e nre~ the turdersi~rretl ~iticer, persanai?vc~p~ectred KREIG L.. SA91TH, DF.,NISE h. SI3[~IKANON ai3d tiRGAN J. Sh4ITH, kuotis~ra to xre Jnr~,ratisjac~rc~riii~ Jira~-en j u~ he dre per•snrts N~lrase rrnrves are std~scriiaed !o t1;e En'%rltin r'rfstrurraers!, and ackrtati4~fedgeet that the}° F•recurecd rh: same fz?r- are~ ,our~oses tJzercri rt ctuutair~c d. IA' Y~'IT,Nl:"SS WHEREOF, l Irereur~ o .re! nr. haad arrd o~tc:ial:;eat. `~-_._~--"Tks inc.,/ ~~'~' 14 ~S~4L} _~_~ t~euem~wrtxm de aermamvnu~ imrk'tw. ~cw. sxwa a tgsa. r oresr am~ba~~acw x. cx ray sm4x ea.r x~. rein J d(P JiCYeJ71' Cel"i 11F 1{kr(.Jte Ja'eeise I'C.tifCtftDCL' lfrid C6171j3tf'YE` nt:Sf ~Jf7CC Ctdt(rt~ ti L?~ 1)K' ruithira narraed ~irtutfec~ is ~(rz [_; . ~~ LLr,-~~„C~~. r~r'z'CLvt Y~r~,, (''~ /72 ~,/ Sre~h~ar t7~Tider, ~:+~h+ire Atttrrne~',Jar Graruec ROBERT F. ZIEGLER RECORDER OF DEEDS CUMBERLAND COUNTY 1COURTHOUSESQUARE CARLISLE, PA 17013 717-240-6370 Instrumen4 Number - 201212497 Recorded Cln 4/30(2012 At1(:04: 35 AEI * Instrument Typc -DEED Invoice Number- 107136 Uscr ID - MSW * Grantor -SMITH, KR.EIG L * Grantee -SMITH, URGAN J * Customer - FREY * FEES STATE WRIT TAX $0.50 STATE JCSjACCESS TO $23.50 JUSTICE RECORAING FEES $11.50 RECORDER OF DEEDS PARCEL CERTIFICATION $10.00 FEES AFFORDABLE HOUSING $11.50 COUNTY ARCHIVES FEE $2.00 ROD ARCHIVES FEE $3.00 BZG SPRING SCAOOL $0.00 DISTRICT WEST PENNSBORO TOWNSHZP $0.00 TOTAL PAID $52.00 * To/al Pages - 3 Certification Page DO NOT I3ETACH This page is now part of this legal document. I Certify this to be recorded in Cumberland County PA ~g Cott a _ RECORDER O D EDS r~aa ° -Information denoted by an nsterisk may Change during the veriticatinn process an d may not be re0eded on this page. 0035FiV IIEIIIIIIIIIIIIIIIIIIII ~, ~~=~ Hazel Smith's Estate Living Room: Dining Room: Kitchen: Utility Room: Bedroom: Living Room Set: Television: Table: Hutch: Microwave & Cabinet: Pots and Pans: Dishes and Silverware Freezer: Bed: Bedroom Furniture: Clothing: $25 $20 $30 $15 $20 $15 $20 $30 $15 $35 $225 Donated p~~ 499 Mitchell Road, Millsboro, DE 19966 Adjustment Services Phone 888-502-4349 F ax (302) 934-2955 December 17.201 ] Frey and Tiley Attorneys at Law 5 South Hanover Street Carlisle, PA 17013 Re: Estate of Hazel L Smith Social Security 192-34-5039 Date of Death: September 29, 2011 Dear Sir or Madam: Per your inquiry on December 12, 2011, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Checking Account Account Number 1159860 Ownership (Names ofJ Hazel L Smith Opening Date 02/08/93 Balance on Date of Death $9,033.02 Accrued Interest $ .00 Total $9, 033.02 For any additional information on the above accounts, including ownership and any changes, dosures and/or reimbursement of funds, please call the Hampden Office at#717-255-2293. We were unable to locate any safe deposit box for the above-mentioned decedent. This letter does not indude any accounts in which the deceased may have been listed as Power of Attorney, Custodian of Uniform Transfers, Representative Payee, or Trustee under a Written Agreement Sincerely, ~ r 4 ~~ ;~ U Tammy Spencer Adjustment Services ~~: Apr Z7 2812 15:52:23 50VEREIGIi BAHH -> '~ -: ~ ~w~~ei n B a:n~s~ ,. ,, Sovereign Bank NA Attn: 10-421-MP2 450 Penn Street Reading, PA 19602 **Residential Mortgage Payoff Quota** 04/27/12 Loan Number: 0356112293 Sent To: Fax X717-243-6491 PREY AND TILEY Sorrower(a) Name(s): HAZEL L SMZTH Property Address: 86 EAST MAIN STREET NEWVILLE PA 17241 Aa of Od/27/12 the status of this loan is as Follows: Taxes YTD Escrow Balance Interest Paid To Per Diem Interest --------- -------°.._---- ------------_____ ________________- 445.52 819.90 04/OI/12 8.1870 Interest Rate Calculated To In'~erest Due 6.50000 05/01/12 2x9.58 *** Payoff Amount Calculation *** --------------------------------- Principal Balance 46075.91 Interest Calculated to 05/01/12 249.58 Deferred Amount(s) •00 Accumulated Late Charge Salanca 0.00 Life/AH Insurance Calculated to 05/01/12 0.00 Escrow Shortage(+)/Escrow Netted(-) 0.00 Other Fees 20.00 Recording Fee 50.50 Prepayment Penalty Fee 0.00 Leas Unapplied Fuads 0.00 ' .00 F,~ p•~ 20.00 ** Total Required to Pay Loan Off** d6a15.99 PMI/FHA to be deducted from Escrow Balanc® 0.00 Payoff Frepsred By: Tellcrti 00203 on 04/27/12 PF Flag: P Any questions, please eontsct us at 1-800-232-5200 Page 1 of 2 y. Page 882 ~,' ~~« W J ~~ '+.. '~ tJ} ..J +~ €3 !t+^` t~'~I Fj. ~S!!1 1;~~ ~~ ~! '...ri SYI C') h"y C7 Ef} 0 v W }.- w ~=~~ ~~ ~~~ Jc~~ r~ ~--v~' ~~~rw ~~~t~ ~sL ~ T ,;,i n ~ G7 "" ~ ~ r,~ trs ~'' U1 ~y ~I~IR rn c73 t~ 9'~ '~` r w ~ '~." ''~~. '}:. ~':' ..E. '~.'3~` '~"' :s. ~- G"'e :' c 43 C.l ~ ~ =~ £~ r E,..~ «-+ v r Cf3 V f~~ r ~ ~yJ 1~'~~ 1 / • rr F Y' '~ Lr ~~ ~~ t~ r+- !~ i i I I }i E, I ~~• j - iJ ..: .-: ~3 Q m: r.11 rri ri ~ .ar ri't _: .a~ ... ~ ~ ' : ~ _~. ~ e .' -° ~ (~ ?. r~ ~-~' . .J v.; ..~ ~: ,~. Q b ~ ~ ~_ C!i ~/ Y l (~(1 1Wr+~la 4~' l:X ~' U~t€fdCE7S R~~S[C~8C1tit3f r`E'C"~~(~a6 R~~~~ File# Order#17763216 The ourpo se of this summan~ aoora Asa'. reoo.'. Is to orovide the lender/client with an accurate. and adeeuale lv sunno ned. ooimon o` the market value of the ruble ct oro ertv. Pro perry Address 86 E Main S! ___ _ City Newville State PA -Zip Code 1_7241 Borrower Sm!tn. Urgan Owner of Public Record S.miih, Hazel Counfy Cumberland Legal Descripiion Boot: 259 Page 1D80 Assessor's Parce! # 201 7 561 01 Tax Year 2011 P,.E Taxes 5 1,800 ___ S -- U Neighborhood Name Newville Borough Map Reference 3584A8 Census Tract 0129.00 B Occupant ®Owner ^ Tenant ^ Vacant Special Assessments S 0 ^ PUD HOA 5 0 ^ per year ^ per month J --II E Property Rights Appraised ~ Fee Simple L_J Leasehold ^ Other (descrbe) C Assignment Type Purchase Transaction ^Refinance Transaction ^Other (descrbe)_ T LenderlClient Bank of America, NA Address 900 West Trade St Charlotte NC 28255 Is the subject property cu neatly offered for sale or has it been offered for sale in the twelve months prior tc the effective date of this appraisals ^Yes ~ No Report data source(s) used, offering pace(s), and date(s) i There was no MLS listing found for the subject in the last 12 months. II is currently under contract as an estate sale '. 1 ^1~ did ^ did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not performed. Estate sale;Standard purchaseagreement. The wntract was not dated $ has no signature date. Per the contract, the estate is gifting the buyer 515.000. The buyer currently resides O. in the subject. Tax record shows Hazel Smith as owner- contract states her estate as seller N' Contract Pace 5 75,000 Date of Contract 0 210212 0 1 2 Is the property seller the owner of public record? ^Yes ~ No Data Source(s) See above T; R.' Is there any fnancial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrowers ^Yes ~ No A If Yes, report the total dollar amount and describe the items to be paid. Q'. 50;;See'abdve regarding gift. --0ONTRACT DATE ABOVE WAS ENTERED AS DATE OF THIS REPORT'S SIGNATURE AS UAD REQUIRES THIS FIELD, ALTHOUGH THE CONTRACT PROVIDED 1S NOT.DATED: Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristic one Un YHousing Trends ' one-Unit-Housing i Present Land Use Location ^ Urtan ^ Suburban ©Rural Property Values ^ Increasing ©Stable ^ Declining PRICE AGE One-Unit 65 Built-Up ^ Over 76 % ©25-75 % ^ Under 25 % Demandl5upply ^ Shortage ©In Balance^ Over Supply $(000) (yrs) 2-4 Unit Gmwlh ^ Rapid ©Stable ^ Sfow Marketing Time ^ Under 3 mths ^~C 3-6 mths ^ Over 6 mths 8 Low 0_ Multi-Family _% Neighborhood Boundaries 300 High _175 _ Commercial 5 North; South. $ West -'Rte 233, East - Mt Rock Rd r. 145 Pred. 55 Other 30 't Neighborhood Description G H Seeattsched addenda. 8. O` R: H.. Market Cnndd:ons (including support for the above conclusions) q See atta~had 11004MC O Dimensions No Survey Provided Area 6.098 st Shape Rectangular View N`ResSpringCrk Specific Zoning Classification Residential '.' Zoning Description 101 Residential f Family Zoning Compliance ©LegalL^ egal Nonconforming (Grandfathered Use) ^ No Zoning ^ Illegal (describe) Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? ®Yes ^ No If No, describe. Utllltles Public Other (describe) Public Other (describe) ON-site Improvements-Type Public Private Electricity ® ^ Water ^?C ^ Street Asphalt Q ^ I Gas © ^ Sanitary Sewer © ^ Alley Asphalt © ^ E FEMA Special Flood Hazard Area ^Yes ®No FEMA Flood Zone X FEMA Map # 42041 C0192E FEMA Map Dale 03/16/2009 Are the utilities and off-site improvements typical for the market area? ^?C Yes ^ No If Nn, describe. Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? ^Yes ^7C No I(Yes, descrbe. General Description Foundation Etferior.Description materialstconmtioo Interior malerials/contlition Units ©One ^One with Accessory Unit ^ Concrete Slab ^ Crawl Space Foundation Walls ConcretelAvg Floors CarPlLin/Avg # of Sfoaes 1 ©Full Basement ^ Partial Basement Exterior Walls PaneI71-71/Avg Walls DrywalllAvg Type ©Det. ^Atl.^S-DeL/End Unit Basement Area 903_ sq. ft. Roof Surface AS/Avg TrimfFinish WoodlAvg ^?C Existing ^ Proposed ^ Under Coast. Basement Finish 0 ` % Gutters 8 Downspouts Yes/Avq Bath Floor Linoleum/Avq Design (Style) .Rancher ^ Outside EntrylExit ©Sump Pump Window Type Standard/Avg Bath Wainscot FG/Avg Year Built 1930 Evidence of ^ Infestation Storm Sash/Insulated AssumedlAvg Car Storage ^ None Effective Age (Yrs) 15 ^ Dampness ^ Settlement Screens Standard/Avq ^~C Drveway # of Cars 2 I .Attic ^ None Heating ^X FWA ^ HWBB ^ Radiant Amenities ^ WoodStove(s) # 0 Driveway Surface Grovel M ^ Drop Stair ^ Stairs ^ Oiher Fuel Oil ^ Fireplace(s) # 0_ ^ Fence None ^K Garage # of Cars 2 R ^ Floor Q Scuttle Cooling ^ Central Air Conditioning ^x Patio/Deck Deck ®porch 1 ^ ^ Carport # of Cars 0 ~,;', ^ Finished ^ Heated ^ Individual X^ Other NONE ^~C Other Shed ^ Pool None ^ Att. ®Det ^ Built-in M. Appliances ~ Refrigerator Q Range/Oven ~ Dishwasher ^ Disposal ~ Microwave ~ Washer/Dryer ^ Other (descrbe) E Finished area above grade contains: 5' Rooms 2 ' Bedrooms 1.0 Bath(s) 1,047 Square Feet of Grass Living Area Above Grade T'. Additional features (special energy efficient items, etc.) S See below '. Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). r C4;Np updates in the prior 15 yearsjStandard features withdeckpdreh, and shed. Are there any physical defciencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? ^Yes Q No If Yes, descrbe Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? 0 Yes ^ No 1f No, describe f." .. ~~ e~ ~' . _ r f~.;' Fretltlie Mac Form 70 March 2005 UAD Version 912011 Page 1 of 6 rann:a mae corm tuuv marts <uu> AI Reatly UC1[~f3CCt'1 ~eSfC~2Ci~t1~ ~.~IpC~tS~f ~i~~7QC~ Fuss order#17763216 There are i7 comparable propertle=_ currently offered for sale in (ne subject neichborhood ra nglne in prce from 5 49_900 fo S 142,000 There are 21 comparable sales In the subject neighborhood witnln Ine past twelve months ranging in sale price from S 8,000 to 5 150 000 FEATURE SUBJECT COMPARABLE SALE ~ 1 ' COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 86 E Main St 53 Broad St ~'i 84 E Maln St 58 5 Hlgh St Newville, PA 17241 Newville, PA 17241 Newville, PA 17241 Newville, PA 17241 Proximity to Subject 0.74 miles SW ~'. 0.01 miles SW 023 miles SW Sale Price S 75,000 S 76,90G I $ 79,90D ~ S tO5.D00 Sale PricelGross Liv. Area $ 71.63 sq.ft. $ 48.43 sq.ft. I, $ 49.94 sq.fl. $ 73.94 sq.ft. Data Source(s) MLS 10212088',DOM to'S MLS 102D5229;DOM 126 MLS 10205897;DOM 41 Verification Source(s) Public Recortl Public Record Public Record VALUE ADJUSTMENTS DESCRIPTION DES>RIPTION *WSnawstme~' ~ DESCRIPTION ~r-15Adiustmem DESCRIPTION *i-)SAaeslmenl Sale or Financing REO 0 ~; ArmLth 0 ArmLth 0 Concessions Conv;O - 0 ~, Cohv;O 0 Conv;O 0 ~~ Date of Sale/Tlme s02112;c12/11 0 ~ sD8111;c06111 0 s06111:c04111 0 Location N;Res; N;Res; N;Res; N;Res; ". LeaseholdlFee Simple Fee Simple Fee Simple Fee Simple Fee Simple '. Site 6,098 sf 2,614 sf +500 6,534 si 0 3,485 sf 0 - View N;Res;SpdngCrk N;Resj 0 M;Res; 0 ' N;Res; 0. Design (Style) Rancher Colonial -2.000 Cape Cod -2,000 Cape Cod -2,000 `>.- Quality of Construction 05 OS 05 r Q5 } Actual Age 82 112 0 82 92 0 Condition C4 CS +7,SD0 C4 C3 -15,000 Above Grade Total Bdnns. Baths Total Bdrms. Baths 0 Total Bdrms. Baths Total Bdrms. Baths Room Count 5 2 T.O 6 3 1.1 -1,OOD 6 3 2A' '-2,000 6,. 3 1-D 0 c P Gmss Living Area 1,047 sq.ft. 1;588. sq.ft. -5,410 1;600 sq.ft. -5,530- 1,420 sq.ft. -3,730 L BasemenlBFinished 903sfOsfin 800stOsfn 0 900sfOsfn 0 800sfOSfn 0 E Rooms Below Grade ' J Functional Utility Average Average Average Average '~ HealinglCooling FA/None FA/None FAINone __ FA/None C h~;. Energy Efficient Items None.:. None None None P Garage/Carport 2Car Garage `None. +4,000 1 Car Garage +2,000 1 Car Garage +2~OOD A` R Porch/PatiolDeck Pomh,Deck Porch -. +500 Porch - +500 Porch' +500 k Fireplace'' ' None None ' 1 Fpl -1.;000 None Q' Ferice,Shed,Pwl„Etc She:: None +200 .None +200 None +200 N Nel Adjustment (Total) A ®+ ^ _ $ 4.290 ^ + ©- $ -7;830 ^ + ©- $ -18,03D : P Adjusted Sale Price Net Adj. 5.6 % Net Adl 98 % Net Adj. 17.2 P of comparables Gross Adj. 27.5 % $ 81;190 gross Aaj..16.6 % $ 72,070 Gross Adi. 22.3 % $ 86,970 R O I ©did ^did not research fne sa'~e or transfer history of the subject property and comparable sales. If not, explain C FI My research ^did ©did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of thi s appraisal. Data source(s) MLS/Public Recotds' My research ^ did ~ did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comp arable sale. Data source(s) MLS/Public Records Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report addit ional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prior Sale(rransfer Price of Prior Sale/Tmnsfer Data Source(s) Public Recortl " Public Recortl Public Record Public Record Effective Date of Data Source(s) QZ022012 OZ02/2012 02/022012 02/02/2012 vnalvsis of prior sale or transfer history of the subject property and comparable sales ni;3 Summary of Sales Comparison Approach Comparable search parameters consisted of searching the subject's school district (market area) for market activitysimilar to the subject in mainly age & condition dating back 12 months asthe market area is comprised of atl types of properties. The chosen comparables are the most recent. similar, & proximate. The appraiser was fortunate enoughto utilize comparables located in. the subject's immediate town as.[heywould all appeal to similar buyers inthis local marketplace. The appraiser wa s unable to locate 2 sales within 90 days even expanding the search (whichwouldprpve unreliable) .furthermore , no sales/listings were found that. bracketed the subject's GLA or bedroom count. Bedroom count did not appear to be a premium beyond any GLA adjustments. Condition adjustments were made based on MLS information and comparable inter ior photos if provided. All the utilized comparables will tehdto develop a reliable indication. of overall estimated value. k;ulcated Value by Sales Comparison Approach $ 60,000 Indicated Value by: Sales Comparison Approach $ 80.000 Cost Approach (if developed) $ Income A pproach (if developed) $ P `- The market data approach best reflebtsthe attitudes of buyers andsellers in today's market place. SEE ABOVE C 0 N. This appraisal is made ® "as is," ^ subject to completion per plans and specifcations on the basis of a hypothetical condition that the improvements have been L completed, ^ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the ~ following required inspection based on the extraordinary assumption that the condition or defciency does not require alteration or repair T I N Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting Conditions, and appraisers certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is :. 5 80,000 as of 02/02/2012 ,which is the date of inspection and the effective date of this appraisal. ~i/~ Frea6ie Mac Form 7o Marcn 2005 UAD Version 912011 rage z m n Fannie Mae corm tu0a march zuua Al Ready LFs~~iforn~ ~2e~ic~er~t€~f ~.~pra~sa~ F~~tsar~ Rile order~,77632t6 I URAR Nelghbomood . Desa~iption There are no apparent adverse factors which might impact the subject's marketability ezcep! as notetl elsewhere within this report. The subjects improv ements typ6y the predominant housing in the market area Access via major thoroughfares is adequate. Shopping, schools, recreation, are convenient and readily availa ble. Employment is stz ble. URAR :Neighborhood -Market Conditions The predominant neighborhood value will not have a negative impact on the subject's marketability of market value. The subject will appeal to enough qualified purchasers to create ar. active market for the subject price range home within the neighborhood. No abnormal external or functional inadequacies were in evidence during inspection. Physical inadequacies are typical of homes of the subjec"s age a nd are addressed it the cost approach. A Comparable photos may show weather conditions different then the subjec[ photos. Some comparable or lis(ing photos may be taken from the appraise rs data base. All o` the sales D have been viewed by the appraiser as generally requested by the appraisers clients. D 1 "Other" land use would lend to encompass any other land use not already identified within the repoR (i.e. vacant land). 7 I- The subject's taxes are estimated O N s A Comparable basementinionnation such as sG ft, walk-out, etc is assumedlestimated as the local MLS does nor always provide this information. L The subject hasnot been damaged, nor marketability affected by anyrecent storm or disaster. C p I haveperformed no services,.as an appraiser or in any other capacity, regaNing the property that is the subject of [his report within the three year perio d immediately preceding M acceptance of this assignment - M E N T 5. COST<APPROACIi'SO VALUE'i(not,required byfFannie Mae) Provide adequate information for the lenderlclient to replicate the below cost figures and calculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) The cos[ approach is deemeC no; reliable indication of value. ' ' C ~ ESTIMATED ^ REPRODUCTION OR ^ REPLACEMENT COST NEW OPINION OF SITE VALUE ____._...__.__ .................. _... .............__ _$ 20-000 7 Source of cost data Dwelling Sq. FL @ S _..._ =S Quality rating from cost service Effective dale of cost data p.. Comments on Cost Approach (gross living area calculations, depreciation, etc.) _$ p; ~ GaragelCarpod Sq. Ft. @ $ .. .....__ _$ O A. Tofal Estimate of Cost-New ........._ ............ ..... . .._. ....... _$ C Less Physical Functional External H Depreciation =S ( ) Depreciated Cost of Improvements .........._ ... ...._. .. ..___$ "AS-is"Value of Site Improvements ....._ ..... .... ....._.......... =S stlmated Remaimoa Economic Lire ;HUD and VA only) 45 Vears Indicated Value by Cost Approach ..............._......_._..._ ...........__.. _$ INCOME APPROACH TO VALUE (not required by Fannie Mae) N Estimated Monthly Market Rem S _ X Gross Rent Multiplier _ $ Indica ted Value by Income Approach C Summery of Income Approach Uncumn; support for market rent and GRM) O [d E PROJECT INFORMATIONFORPUDs if a licable Is the developerlbuilder in control of the Homeowners' Association (HOA)? ^Yes ^ No Unit type(s) ^ Detached ^ Attached Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal Name o(Project Total number of phases Total number of units Total number of units sold P"' Total number of units rented Total number of units for sale Data source(s) U; D Was the project created by the eonversion of existing building(s) into a PUD? ^Yes ^ No If Yes, date of conversion ~`' Does the project contain any multi-dwelling units? ^Yes ^ No Data source(s) Ns Are the units, common elements, and recreation facilities complete? ^Yes ^ No If No, describe the status of completion F,. O R M A; T; Are the common elements leased to or by the Homeowners' Association? ^Yes ^ No If Ves, describe the rental terms and options. -:f: Ol N '. Describe common elements and recreational facilities ~~~ , ~j,1f Fretldie Mac Form 70 March 2005 UAD Version 9/2011 ra oe s or o rannie Mae roan ruun AI Reatly ~fiEfOCCT} RGSIC~ECt~t3~ ~E}~C3CS3~ F~.epOC~ Fi~eY. order~l~~sazls This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted, SCOPE OF WORK: i he scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definitiori of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1} perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are wel I informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions` granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title, 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal reportwhether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. ~:. Fredtlie Mac Form 70 March 2005 UAD Version 9,'2011 Page 4 07 6 Fannie Mae Form 1004 March 2005 AI Reatly ~CIE~OCI'Tl ~.85[C~0[~~t3f ~k~k~Ca.B~s3~ ~.2~C)Cf F~len order~n7sszls APPRkISEP,'~ CERTIFICkTIOi~: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance vdit'n the scope of wort: requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment andlor compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to pertorm the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. ~; Fretltlie Mac Form 70 March ZODS t1AD Version 912011 rage o ai o rannie rt,ae roan iuun rv,arcn [uuc AI Ready l.!(~~Ikdf f~ [l.~~l~~'f~t~la~ ~. (~~2-~C~ICSa~ ~~~~f~ File f? Ortler X17763216 21. The lender/client may disclose or distribute this appraisal report to' the borrower; another lender of the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or otherjurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. ' 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER ~ SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Erik J Reiser Pa St Cert Res Appr Company Name CR Consulting 8 Ahoraisal Services ' Company Address sszoMarkersr' Came Hillr PA 77011 Telephone Number 717-ass-1172 ' Email Address erik crconsulting.us Date of Signature and Report oyo3izolz Effective Date of Appraisal ovovzolz State Certification # Bassos! a or State License # or Other(descnbe) State # State PA Expiration Date of Certification or License osi3o~zo73 ADDRESS OF PROPERTY APPRAISED 86 E Main St - Newville. PA 77241 APPRAISED VALUE OF SUBJECT PROPERTY S so.ooo LENDER/CLIENT Name Landsafe Appraisal Services Company Name Bank of America NA CompanyAddress 900 West Trade St Charlotte NC 28255 Email Address n(a Signature Name Company Name _ Company Address Telephone Number Email Address ' Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection At,~!f .`4'.'. ~r Fretltlie Mac Form 70 March 2005 UAD Version 9!2011 rage o rannre Mae roan luau Marcn [uua AI Ready UrtEfarct~ FtasEden~~a[ ,4.~~ra[saf ~a~art Filai' order#,77632,6 FEATURE SUBJECT ~ COMPAPABLE SALE'-' 5 COfJIPARABLE SALE Y 6 COI/IPARABLE SALE # 4 _ Address 86 E Maln 5t Newville, PA 1 ~ 7241 24 Chestnut St Newvilla, PA 17241 ___ _ i 44 W Maln St Plainfield, PA 17081 Proximity to Subje C. ~ D.31 miles SW 6.04 miles E Sale Price ~ $ 75.000 ~ $ 109,900 ~ ~ $ 130,000 $ Sale Price/Gross Llv. Area $ 71.63 sq.ft. $ 58.71 sq.ft. I _ ~! $ 10D.31 sq.fl. ~ ~ $ sq.ft. Data Source(s) MLS 10216835;DCM 74 MLS 10210793,DCM 232 Verifcati°n Source(s) Public Record 'Public Record VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +r-)SAdiustmen; DESCRIPTION -I-15 A djustment ~ DESCRIPTION +f-IbAdwstment Sale or Financing Listing D ListinG ~_ 0 Concessions __ Date of Sale/Time Active -2,198 Aciive _ -2,600 Location N;Res; N;Res; N{Res; Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Site 6,096 sf 5,663 sf 0 ~ 7,841 sf 0 View N;Res;SpringCrk ~ N;Res; 0 ~ N;Res; 0 Design (Style) Rancher Colonial -2,000 Rancher Quality of ConsWction OS QS Q4 -- -10,000 S.. Actual Age 82 152 0 112 D A Condition C4 C3 -15,000 C3 ' -15;000 E Above Grade Total 8dnns. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths S Room Count 5 2 LO 7 4 2.1 -3,D00 6 3 1.0 0 ~i Gross Living Area 1.,047 sq.ft. 1,872 - sq.ft. -8,250. 1,296 sq.ft. -2,490 sq.ft. O Basemenl8 Finished 903sfOsfin tl00sfOsfin 0 Osf' - ' +1,000 - f`t Rooms Below Grade P A Functional Utility Average Average'. .Average R Heating/Cooling FAINone FA/None` FA/CAC -2,000 S Energy Effcient Items None None - None -- Garage/Carport 2 Car Garage' None +q,000 1 Car Garage +2,000 - PorchlPatio/Deck Porch,Deck Porch,Balcony ' 0 Porch Patio 0 P. Fireplace None 2.Fpls -2,000 1.Fpl -1,000 - P-'Fence;Shed,Pool, Elc Shed None +200 Shetl R. q Net Adjustment (Total) ' ^ + Q _ $ -28;248 ~ + ®- $ -30,090 ~ + ~ - $ Adjusted Sale Price of Comparables Net Adj. .25.7 % 'Gross Atlj. 33.3 % $ 81,652 Net Adj. 23.1 % Gross Adj. 27.8 % $ 99,910 Net Adj. % Gross Adj. % $ Summary o(Sales Compadson Approacn ~ ITEM SUBJ ECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6 E Date of Pdor Sale/Trans fer - Price of Prior Salelfransfer 1 Data Source(s) Public Record Public Record Public RecoN n Effective Date of Data S ource(s) 02/02/2012 02/02/2012 02/02!2012 r,nalysis of prior sale or A N L Y s C. O M M E N T. 5 transfer history of the subject property and comparable sales Freddie Mac Form 70 March 2005 UAD Version 9/2011 Fannie Mae Form 1004 March 2005 AI Ready TEST ADDEI~DUIVi order~177saz~e Ptie No ~'~ Borrower/Client Smith, Urgan ~~ Property Address Be' F iJ~ain St _ _ _ __ __. -___ ___ __-_- _.____--_____- Cip~ Newville County Cumberland State PA Zip Code 17241 __ Lender Landsafe Appraisal Services Bank of America, NA General Text Addendum URAR~ Apparent Easements B Encroachments Site -The subject is typical of the area and sits at street level Standard utility easements are present which do not adversely affect the site. No encroachments noted. A certifed plat was not provided to the appraiser. The site dimensions are estimated from public tax maps or the appraiser's measurements. No adverse conditions are indicated by the site's size or shape. The subject conforms to current zoning codes as recorded and take from public zoning records. The appraiser has personally examined the most current information sources, HUD/FEMA flood hazard maps and/or local municipal documents for the subject vicinity in order to estimate whether any portion of the subject site is located in a special flood hazard area as defned by HUD/FEMA. Unless otherwise noted in the body of the report or the attached addendum, the subject is considered by the appraiser to be Zone C or X, which are not special flood hazard areas requiring flood zone information on the survey report. The survey report should denote any special flood hazard line on the specific site and its relationship to any improvements. A survey plat provides site specifc data, where as HUD/FEMA maps are more general in nature. URAR: Enviromental Conditions To the best of the undersigned's knowledge, the presence of Radon has nut been detected on this property, or if Radon has been detected, it has been determined that the level of Radon is safe according to the standards established by the Enviromental Protection Agency. The undersigned does not, however, make any guarantees or warranties that the property has been tested for the presence of Radon, or if tested that the tests were conducted pursuant to EPA approved procedures. The appraiser has not been informed, nor has the appraiser any knowledge of the existence of any environmental or health impediment, which if known, could have a negative impact on the market value of the subject property. The valuation contained herein is not valid if any hazardous items are found in the subject property and stated within the appraisal report, including but not limited to: Ureafomlaldehyde foam insulation, Radon Gas, Asbestos Products, Lead or Lead Based Products, Toxic Contaminants. URAR: Cost Approach Comments Cost fgures utilized in the cost approach are derived from one or more of following: Marshall & Swift Residential Cost Handbook, discussions with local builders or reviewing actual cost figures. Accrued depreciation is estimated using the Economic Age/Life Method. This method considers functional and external obsolescence and physical deterioration, but physical deterioration, but is not differentiate between separate causes. URAR: Digital Signatures The digital signature used on this report is an exact replica of the appraisers actual signature. The digital signature has not been altered and is downloaded from the program by the appraiser. The digital signature is password to avoid improper usage. The digital signature should be considered equal to an original signature by the appraiser. URAR Sales Comparison The basement adjustments are based upon MLS information such as "Full Finish, Full Part Finish, and Full Unfinished". The second line adjustment for basement is based upon bathroom count and differs from basement finish. Therefore, the adjustment for basement finish and bathrooms are based upon market information, and not room count, which is not deemed reliable from prior experience. Please be advised in the sales comparison grid, bathrooms are adjusted for on the first line and gross living area/room counk are adjusted together as a single adjustment on the second line. Differences of less than one hundred square feet are not adjusted. Comparable 3 sold over six months ago, however, it is the most recent sale of similar type properties with similar utility within the subject's market area All value affecting dissimilarities were adjusted according to market reaction. These dissimilarities are not considered to be an inadequacy or an over- improvement to the subject property or the comparable sales. Any dissimilarities that may have a negative impart on marketability or buyer appeal are noted within the appraisal report, Supplemental Addendum [Multi-page] The purpose of this report is to provide an opinion of market ""CONTINUED ON NEXT PAGE"' < '~~1 ^'(~ ~~' ~~ TEXT ADDEIJDUN orderut77sa22s Ffle No. BorrowedClient Smith, Urgan Property Address 85 E Main St City Newville County Cumberland State PA Zip Code 17241 Lender Landsafe Appraisal Services Banl: of America, NA value. The function of the appraisal is for the use of a mortgage finance transaction only. The scope of this appraisal has been to perform a detailed inspection and analysis of the subjec! property within the limits of the type of assignment, to collect and analyze comparable data to reach an opinion of value, and to write a report conveying the value conclusion to the client In the collection of data, sources include (but not limited to) MLS, Lenders, Brokers, County Records, and previous appraisal files were utlized. Il is assumed that the information from these sources is accurate. All comparables have been verifed as closed through data sources readily available unless indicated in the body of the report. The Intended User of this appraisal report is the Lender/Client. The Intended Use is to evaluate the property that is the subject of this appraisal for a mortgage finance transaction, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Defnition of Market Value. No additional Intended Users are identified by the appraiser. No personal property is included within this report. In accordance with the competency rule of the USPAP, the appraiser(sj certify that the correct educational requirements, experience hours, and knowledge has been obtained to accurately estimate value of the subject property within this report. No one other than the appraisers} signing the report have provided significant assistance in completing this report unless otherwise noted within. Any apprentice or staff has completed the company orientation program and is either taking educational courses, or has already completed the courses in appraisal standards and principles. The senior appraiser has consulted, reviewed, and or physically inspected the subject property for all reports in which assistance in the development was necessary. The senior appraiser is signing the report and lakes full responsibilty for this report in accordance to Standards Rule 23 and 2-5. Everywhere in this report where it states "ESTIMATE OF MARKET VALUE" is to be defined as "OPINION OF MARKET VALUE" in conformance with current USPAP. ~ a ,;~.'~ ~, ~ ti~ti N ~~ , fr~ark~ti Car~ciitEans ~adenctucn to ~[~e ~.p~p~raisa[ F~e~art Fle# order#17763216 The purpose of this addendum is to provide the lendericiient with a clezr and accurate unders,andine o`the market trenas and cond ition_ prevalent in the subject neighborhood. This is a requred addendum for all appraisa; reppns with an effective dot=_ on or after April 1, 2009 Progeny Address 8E E Idain St City Newville State PA LIF Code 17241 __ Bortower Smith. Urgan Instructions: The appraiser mus± use the information required on this form as the oasis far his/her conclusions, and must provide support for those c oncluslon_=, regarding housing trend_ and overall market conditions as reported In the Neighborhood section o` the appraisal report form. The appraiser must fill In al! the Information to the extent it Is available anC reliable and must provide analysis as Indicated below R any required data L unavailable or is considered unreliable, the appraiser must provide an e xplanation. It is recognized tho' not all data sources will be able to provide data for the shaded areas below; if It is available however, the appraiser must include th e data in the analysis. If data sou rces provide the required information as an average instead of the median, the appraiser should report the available Ogu re and identify it as an average. Sales and lis tings must be pr operties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of the subject property. The apprais er must explain any anomalies in the data, such as seasonal markets. new construction. foreclosures, etc. Inventory Analysis Prior 7-12 Months Pdor 4-fi Months Current-3 Months Overall Trend Total # of Comparable Sales (Settled) 11 2 8 ~ Increasing ^Stable ^ Declining Absorption Rate (Total Sales/Months) 1.83 0.67 2.67 ^7C Increasing ^Stable ^ Declining Total # of Comparable Active Listings See See 17 ^'Declining ^Stable ^ Increasing ; Months of Housing Supply (Total Listings/Ab.Rate) Comments Comments 6.4 ^ Declining ^Stable ^ Increasing M Medi'en Sale$LisiPrice,;DOM, Sale/List % A Pnor7-12 Months Prior 4-6 Months Current-3 Months Overall Trend R Median Comparable Sale Price 80,000 41,450 81 450 ^ Increasing ®Stable ^ Declining K E Metlian Comparable Sales Days on Market 126 97 161 ^ Declining ©Stable ^ Increasing T Median Comparable List Price See See 89,900 ^ Increasing ^ SLa^ a ^ Declning '' fi. Median Comparable Listings Days on Market Comments Commens 146 ^:Declininr. I ^ ~ Stable ^ Increasing. E Median Sale Price as % of Lisl Price 0 0 .98 ^ Increasino ^?C Stable ^ Declining E' Seller-(developer, builder, etc.) paid financial assistance prevalent? ^K Yes ^ No ^ Declining ®Stable ^ Increasing R Explain in detail the seller concessions trends for the past 12 months (e.g., seller contributions increased from 3 % to 5 % ,increasing use of buydowns, closing costs, condo fees, C options, etc.). }{ The market area'shows a willingness for sellers to contribute to buyerclosingcosts....typically 3-6 A N A L An; foreclosure sales !.REO sales) a factor in the mancet? ^ Yes ^1C No If yes, explain (including the trends in listings and sales of foreclosed pro perties). H No more than what has heer historically typical to this market area I Cite data sources for above information. CPML - Ml5$ Real. Estate Agents'in the marketplace Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, suc h as an analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your concl usions. C°ML -MLS will-.notsearphfor total active listings within a specific time period. Asthe reportindicates; MLS information shows stable home values over the last 12 months. The above information include only a specific part of the market 8 there fore it may appear to the reader asinbonsistent. For this form 1004MC,search parameters only included detached homes in$ig Spring School District built prior to 1950 and pr iced below $ 15^,000,as a typical buyeFwould search. If the subject is a unit in a condominium or cooperative project, complete the following: Project Name: Subject Project Data Prior 7-12 Months Prior 4-b Months Cunent - 3 Months Overall Trend Total # of Comparable Sales (Settled) ^ Increasing ^Stable ^ Declining Absorption Rate (Total Sales/Months) ^ Increasing ^Stable ^ Declining G'. Total # of Active Comparable Listings N ^ D~~cfning ^ Stabe r I I lncreas n~ ,LT'. Months of Unit Supply (rota) ListingslAb. Rate) ^ Decbnjng ^ S1aWe ^ Increzsirig 0 Are foreclosure sales (REO sales) a factor in the project? ^ Yes ^ No If yes, indicate the number of REO listings and explain the trends in listings and sales of r foreclosed properties. U P P R . O j E ~.' Summarize the above trends and address the impact on the subject unit and project T P P Signature Signature R A. Appraiser Name Erik J Reisser,Pa St Cert Res Appr Supervisory Appraiser Name 'S Company Name CRConsulfing $ Appraisal Services Company Name R Company Address 3920Market St Camp Hill. PA 17011 Company Address State License/Certifcation # RL739061 State PA State License/Certification # State '" Email Address erik(~crconsultino.us Email Address ~r y1t'~ Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009 Ai Ready File C Order $1?763216 C~f~[Ff?E~€~~i ~.P~~F~.~tf~~L D~T~~ET ((.~r~~~ ~E~[f~ET~C}~~ ~.DDEt~`~C~ft~~ (Source: UAD.4ppendiz D: UAD Field-Specific Standardization Requirements) dition Ratings and Definitions Ct The improvements have been very recently constructed and have no: previously been occupied The entire structure and all components are new and the dwelling features no physical depreciation." 'Note: Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that the dwellino is placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufactured into like-new condition Recently constructed improvements that have not been previously occupied are not considered "new" if they have any significan(physica/depreciation Q_e., newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep). C2 The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated and are similar in condition to new construction. C3 The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. T"he structure has been well maintained. C4 The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building componentslmechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate. CS The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability is somewhat diminish d due to condition, but the dwelling remains useable and functional as a residence. C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. Quality Ratings and Definitions Q1 Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-quality exterior refinement s and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishes throughout the dwelling are of exceptionally high quality. Q2 Dwellings with this quality rating are often custom designed for construction on an individual property owner's site. However, dwellings in this quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highly modified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinements, and detail. The workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality. Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans inabove-standard residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughou4 the dwelling have been upgraded from "stock" standards. Q4 Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship, finish, and equipment are of stock or builder grade and may feature some upgrades. QS Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials with limited refinements and upgrades. Q6 Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment maybe minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions to the original structure. Definitions of Not Updated, Updated, and Remodeled No[ Updated Little or no updating or modernization. This description includes, but is not limited to, new homes. Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no major components have been replaced or updated. Those over fifteen years of age are also considered not updated if the appliances, fixtures, and finishes are predominantly dated. An area that is'Not Updated' may still be well maintained and fully functional, and this rating does not necessarily imply deferred maintenance or physical /functional deterioration. Updated The area of the home has been modified to meet cun'ent market expectations. These modifications are limited in terms of both scope and cost An updated area of the home should have an improved look and feel, or functional utility. Changes that constitute updates include refurbishment and/or replacing components to meet existing market expectations. Updates do not include significant alterations to the existing structure Remodeled Significant finish and/or structural changes have been made that increase utility and appeal through complete replacement andt or expansion. A remodeled area reflects fundamental changes that include multiple alterations. These alterations may include some or all of the following-. replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation of plumbing/gas fixtureslappliances, significant structural alterations (relocating walls, and/or the addition of) square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not included in the bathroom count. The number of full and half baths is reported by separating the two values using a period, where the full bath count is represented to the left of the period and the half bath count is represented to the right of the period. *_ti 16 g~,(t~ UkDDEP s-2011 UAC Version 9!2011 AI Reatly AI Ready FileX Order k1776321fi uADDEE s-2011 UAD Version 912011 SUBJECT PHOTOGP,APH ADDEIVDUi~ FneNo Order#77632' 6o~roweriGiie nt Smith. Urqan _ _ _ _ Property aaa~ess 86 E Main St _______ ____ c;cy Newville _ .,ouney Cumberland state PA ziP Code 1241 ~e~der Landsafe Appraisal Services Bank of America NA ~ Y -~» s C ._ 7 ~~ .. ~ ., ~/~.oc~ r~ ~k~'ll ~~ A~ ~jl ~0 +~ Tr t ' ~ ,' } r ~~v.~ ~. ~ ..~c ,~k,Ma` ,~., :.,$`w.;~. ~ >. .~ . . ~ n>~, N r~ ~ ~.. ~ ~~ "x I ~~ S ~_~ •'~, ~~~~,~~ L 7 _. ,~~ ~ s {: ~~ ~„ -. y,.~A ~{ ~.'.. f , ' J ~ __ f'` // r~ r,~,~ FRONT OF SUBJECT PROPERTY Subject Front 86 E Main St Sales Price: 75,000 REAR OF SUBJECT PROPERTY Subject Rear 86 E Main St Sales Price: 75,000 STREET SCENE Subject Street'' 86 E Main St Sales Price: 75,000 r."~ =,d1t>~ ~ 0, ~~ x- ~4 7 . SUBJECT PHOTOGRkPH ADDENDUI~i Fae N~. Order #177632' 5vrowert~l~ent Smiih, Uroan ___ ____ ___________ _ _ __ 5ropeny address 86 E Main St __ City, Newville --- -tuna Cumberland Sate FA o code 17241 --~-_--__ ~ende~ Landsate Appraisal Services ___ Bank of America, NA a:~ rr~ :. . r _~ ~.. r.,.. ;;,,. Ham .~-~ .... ~v, ADDITIONAL SUBJECT PHOTO Subject Interior 86 E Main St ADDITIONAL SUBJECT PHOTO Subject l nterior ADDITIONAL SUBJECT PHOTO .Subject Interior y~ ..<~ ",.. ~ 4,`_,, cor~~~.~.u.a~ES r~HO~-o~~~.~u ~.~ot~~aurJ (Comas 1-3) File No. Order X17763216 Borower/Client Smith. Urcan Property Address g5 E hAain St City Newville County Cumheriand State PA Zip Code 17241 Lender Landsafe Appraisal Services L3anl: c~ America, NA Comparable Sale 1 53 Broad St Newville PA 17241 Date of Sale: s02/12;c12/11 Sale Price: 76.900 Sq. FL: 1,588 $ / Sq. FL: 48.43 Comparable Sale 2 84.E Main St Newville.- PA 17241 Date of Sale: s08/11;c06/1 i Sale Price: 79,900 Sq. Ft.: t;6017 5 / Sq. Ft: 49.94. ~. ~.: __ v s ~`@. .~; ,A `"s.' ~~ ~l r i `B~A: ~~, ~ (~}{{Z ~~ .~:~ ~~~iiiF64Li Y Compamble Sale 3 58 S Hiah St Newville PA> 17241 Date of Sale. s06/11;c04/11 Sale Price: 105;000 ' - Sq. Ft.: f,42D S I Sq. FL; 73.94 ,i corlr~~.~,a~ES P~o-roc~.kP~; ~.o~EEtaur~ (comps a-s~ File No. Order aut",'763216 grower/Client Srnlth, Urcan ~perty Address 36 E tJ~aln Sl Iry Newville _ _ County Cumberland __ _ State PA Zip Cotle 1724 i _ ___ :nder Landsafe Appraisal Services Bank of America. NA '~;; ~ ~ _. -_ ;,., jr Y1 ~x t~ _ ~., ~~ ~ ~ ~4 ,~ , _ «r ' j. ~ ~: ~. ~~ f ~ ,i., II ~~ . Comparable Sale 4 24 Chestnut SI Newville PA 17241 Date of Sale: Active Sale Price: 109,900 - Sq. Ft.: 1,872 $ / Sq. Ft.: 58.71 Comparable Sale 5 44 W Main St Plainfield Pt. 17081 Date of Sale: Active Sale Pnce: 130,000 Sq. Ft.: 1.296 $ I Sq. FL: 100.31 Date of Sale: - Sale Price: Sq. Ft $ / Sq. Ft.: Comparable Sale 6 LOCA7fOf~ i~IL.P tiDDEI~DUtifi F,ie rv o. Order;~1776321 f eo~~owena~em Smith. Uroan Fropercy nearess 8E E t/~ain St ~;ty Newville co,,,,~y Cumberland scare FA Z,p coae 17241 ~e~ae~ Landsafe Appraisal services Bank of America NA ~ ~~ ~'i'1fiQ~y ~iiC. -: '4 _.~ SKETCH ~.DDEhDUIJ~ Fne No. Order #17763216 BorrowerM~ient Smith, Uraan _ ___ opery ~aaress 86 E Main St ____ ___ _ __ _ _ _ __ c,~~. Newville cOe„~y, Curn6e7and sage PA Z,p coee 17241 ~e~ae. Landsafe Appraisal Services Ban4: of America, NA 1~i Laundry `~ 11' Kitchen Bedroom ~~ Dining Bath ~"' w ~~ Living N Bedroom 27' 1UTA s~nh oya Iamodz, .r.: AreaGlcolatlons Summary Living Area t'alcoLaYion retails . - First Fbof :047 Sq k 1., x 1 - 1. 27 x 33 = 892 16 x 9 = SaS Totat Living Area (Rounded): 1047 Sq ft ~~ ~~+` Scanned Document (LtrJ Fle No. Order%177fi3g16 borrower/Gieot Smith, Urgar Property Hddress 8Fi E Main St City Newville County Cumberland State PA Zip Code 17241 Lender Landsafe Appraisal Services Bane o! America, NA T~*S4 sue.:" 7 i ~;. _e rar., .: ... e ~ '^.,~ , ~ - i;nm~noo.tienl?itofPcnns~hatria -hepai tmettt ot'Sratc Bu reau Of Pruf~ssirtnal and {)u~upnfi„nal :Atfairs P(313e; _~,a`i purr Yri i_t'1 (!C =?5J'r iGcai;. -PrPe C- t~(i::rtr tit alas Cert(tied ResigenTSal Appraiser ~ pct;~,e 38T~u, FP ~,_., '~- -~ ~ . ,; ~±"' 6d[ial Ccrtifiealiort 17xtc G&~23,'200d CP:rfli103/J),rt( ~D6130;2013 I f __.~~ "iT" ~ _ ray' Cet ail irate lumber RL'39C51 .r,. '