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HomeMy WebLinkAbout95-0243a~ -q5-oay3 This is to certify that the certificate hereunto attached is a true and accurate copy of the original death record on file with the Division of Vital Records, and that Frank Yeropoli, whose name is subscribed thereto, was at the time of subscribing the same and now is Director, Division of Vital Records of the Department of Health, for the Commonwealth of Pennsylvania, duly appointed and commissioned as directed by Act 66 of the General Assembly, approved 29 June 1953, P.L. 304. AUG 16 200T Date N,os.,aR..,. a~ lYrEIPIMNf N sua aac Fran eropoli, ' ect Division of Vital Records P.O. Box 1528 New Castle, PA 16103 COMMONWEALTH OF PENNSYLIMNIA • DEPARTMENT OF HEALTH • VITAL RECORDS CERTIFICATE OF DEATH ~~J~~~? NAME OF DECEDENTIF.•L MidM.laq 9E% SOCUaSECUR(fY NUMBER ORE OF OERNIMaMi.Dgc'~al_ _ ~ t - - 4734 ~• : r ~• une E. for a Female '• 1 AOE QJM BYwdev) twDE~,YEN, uNDe„ar DREass+Rm awnwACaxww r~AC~arDERN(a~c-a+r~•-,»:r~um+d~a,..w MenYr _ D•!• ~~ ` MYeAw (Mpw, OeK.Nrl SYbdFOnpnCome'y1 " ~ p p ~ + G °°~ ^ E",wA + ' „ R..;,"° ,. . 74 Yn4 une 20, -19 Harrisburg, PA """'1`~ oouNroPDERN ~ CRY, 9011QTWPOP OERN RM'LITY NAMEpnq iraNwon. Bvw s»Mend,MmOw) DENraPN~ePAN,eoRqu+r RACE•ArewieM YdB~B1aM.1MIb. aC No DL ,.. C] +r... ~.arawn. , ;~I Cumberland Co. t Pennsboro ~ Madne\M1MIbRIea4aC. ,a White iDNDOPxnr,ESenNDUarar rwa a oECEDENT•aEwuE,ON MARIpLSafWMrded suRnus+BSPOwE _ ' M110dwY0ar ,mN U.a NMEO PoR CE~aT F N ~ AMa VV•mrOr,romN R a iStered I~rse „ th Care ry , ~••^ N•T ~ ,a12~ nods+, • Vor,Oed ,a DeemEMrsMAanDAmREaa~w.c-,rm.,.sr.mcow~ DECEDEN*s ,~ Pennsylvania d, ,h.0,...a.•.e.+.w~ gyn. 3010 Dickinson Ave. ,~ S°Oi~ °i'°"" ,a Camp Hill, PA 17011 , .rdnaarwaba Cep Hill •,~ ~"~ „a C~anberland °i '"'0' N0.O1~0M""i0 PRNER'aNAME FiM, Midge. Lrq MOT1O1'S NAME(F•fl. MiOde. Meidn SurronW Harard C'eo Plank rte Bair s,fO1BAA1lt'a NAME~TypeNdrq rwowrwrs MAawADDREaa~s`..i.cwrw.•..sr..anccw Stanl H. Sheaffer 0 San Juan Dr. Mechani PA 17055 METNOD OP wEEDPaePOartiDN a~cEas D(arosrt,aN-N.^.aaw.r~xaw..e1v ~ocRaN•c~re.•,sbr. avcoe. `""~'"^ R`""~s`"~a"^ oa.BOn^ 0:: ~ Ma ch 22 1995 Ca p Hill Cemetery Hill PA 17011 C~(P , ~ , r „a OfEUNERAI L,EOR ACTB/0 A6S,x,,, NIIMEII NAIIEANOADORESaaP R1CRlT1I FD-013163-L sselman Funeral Home,Inc., ,PA 17043 i.B.2bc dry. eaYryYiB wewaTY bpWedpe, Mew Oaw•Oaldw u••.Mr i.d Pbnvfl,led. LICENSE NUMBEI, ORE9,D,ED reeew.rebrre.aarnb •ndtBq (Me,no.K>r.n awdaeaiL ae w.n _ w~scASEREFamEDro~aED(cA~ExAMU~EwcoRDNEn, oREVRONOU ~C~ I' a~ESnrseeenwb+er - ovDEaN O grP,•n•ucee MeM (J,(.~ 'M ^ No[] l .M. 1 a~. 1 O. RMR1: EPMdr AeewaY~IPMwonllPSnl,bne M~kL eaBWMMan. Oe re,ead w~aoMaWM.wdt ~erueed ama. •laek dlwnbiwe. ~Appeam,b MRF B: Odr apYSVacdWYeir eoeela/bBbdn,n.0e1 b-,nelWeew MwnaYq illdM Me/wyYpnarpNeeb PARE I. 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Day.'herl LICE NUMBER ~ •PRDNOwewaANDCO~nrrrwnnsiaAN(Fnv.~d.eee,a«~.e~+aa.waa«~awwa~e~...aewn as w.e...ee aw w w. e.e..p> ar.e.nna.. awa .......................... O Man eeeem.a a we 8.. Mr row. e.a a •n ~•+MeBe s10.1~~ °33 5`~3-~ ,a/~~rre- l~" /y`l3 . . . NAMEAND ADDRESS OF PERSON wNO COMPLETED CAUSE OF OE/QN 'BI~ICAI E%AMY~NCORONEA man 27) type a P ~C L+-%Th~f'". ~.Y/n 7/" a„IBabn, M mY opinion, dean oeeurted a,M anue, Mb, aul pbce, axM dw W we ewee(el antl OR U,B bBW Wa<Bwli,abn aM/d bn ~ ,~ ~,.. ~. Cam.,, ~t / i/ RE R'S SpNRURE ANO NU ~ t i X h~ DATE FnED(Mmd.. DaY.'iMr) ~ ( ~ ( a b. , ~~ ~ /~~~-n-- PERK 3 a 9S u. LAST WILL AND TESTAMENT OF JUNE E. 3HEAFFER ~ ) I, JUNE E. SHEAFFER, now of 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pennsylvania, do publish and declare this to be my Last Will and Testament, hereby revoking all other prior wills and codicils made by me. FIRST: Family Hackcround and Ao~ointment of Executor. (A) Family and Backcround Information.. I am divorced. My children are STANLEY SHEAFFER and EDWARD. L. 9HEAFFER. Throughout this Will, STANLEY SHEAFFER and EDWARD L. SHEAFFER will be referred to as "my children~~. The word °issue~~ will include my children as well as my other descendants. (B) Appointment of Executor. I appoint as my Executor and successor Executor (all hereinafter referred to as Executor or Executors) under this will, the following named persons or corporations to serve without bond and without being required to account to any Court: Executor: My friend, CURT H. ZIMMERMANN. Successor Executor: My friend, PHILIP VICKREY. SECOND: Funeral and Last Illness E_ enses; Taxes. (A) Expenses of Funeral and Last Illness. I direct my Executor to pay my funeral expenses and the expenses of my last illness from my estate. (B) T, des. I direct my Executor to pay any and all estate, inheritance, succession, legacy, transfer and other death taxes or duties, by whatever name called, including any and all interest and penalties thereon, imposed under the laws of any jurisdiction by reason of my death, upon or with respect to any and all property included in my gross estate for the purpose of such taxes, whether such property passes under or outside of this Will, out of my residuary estate, without being prorated or apportioned among or charged against the respective devises, ..~ ~~~ ~au~ LAST WILL AND TESTAMENT OF JUNE E. BHEAFFER PAGE 2 legatees, beneficiaries, transferees, or othe such property or charged against any property may have passed to any of them. The Executor entitled to reimbursement for any portion of a any such person. r recipients of any passing or which shall not be nY such taxes from THIRD: Tangible Personal Property. Except for those items excluded below and those items enumerated in the Letter of Instruction, I bequeath to my children living on the sixty-first (61st} day after my death, all tangible personal including but not limited to clothing, property, furniture, jewelry, heirlooms, personal effects, motor vehicles, and all other similar articles, which I own, and the insurance thereon, to be divided between them as they may select in as nearly equal shares as is practical. If my children do not survive me by sixty (60) days, I leave such tangible personal property to the issue of my children, per stirpes. If there is any disagreement as to distribution, I direct my executors to make such distribution. The decision of my executors shall be final and binding. Any items not selected or any items which my executor considers unsuitable for my children may be distributed or sold in the sole discretion of my executor and, if sold, the net proceeds therefrom shall be added to the residue of my estate. Tangible personal property shall not include: (i) any and all property used by me in any business, (2) cash on hand or on deposit in banks, (3) stock or securities, (4) any type of evidence of indebtedness, and (5) any life, health or accident insurance policies. Notwithstanding any other provisions in this Article THIRD, I may leave a separate, dated and unsigned Letter of Instruction, which I shall place with my Will, containing directions as to the ultimate disposition of certain of the property bequeathed under this Article THIRD, and such Letter of Instruction shall determine the distribution of such items. FOURTH: Residuary Gifts. (A) I give, devise and bequeath all the rest, residue and remainder of my estate, of every kind and character, real, personal and mixed, tangible and intangible, and wherever ~V LAST WILL AND TESTAMENT OF JUNE E. SHEAFFER PAGE 3 situated, including any lapsed or renounced legacies or devises (and including any property over which I may have a power of appointment), to the Trustee hereinafter named, in trust, for the following uses and purposes: (1) Fifty percent (505) of my residuary estate shall be held in separate trust for the benefit of my son, STANLEY SHEAFFER; (2) Fifty percent (50~) of my residuary estate shall be held in separate trust for the benefit of my son, EDWARD L. SHEAFFER; (3) During the lifetime of each of my children, the Trustee shall pay to, or for the benefit. of, each child all of the net income from the child's separate trust. Payments of income shall be made in such periodic instal]-ments as the Trustee shall find convenient, but at least quarter-annually. (4) During the lifetime of each of my children, the Trustee shall pay to, or for the benefit of, each child as much of the principal from the child~s separate trust as the Trustee, in its sole discretion, from time to time deems advisable for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education} of the child. {5) The Trustee is also authorized to make payments of principal from each child~s separate trust for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child~s issue. (6) Payments of principal from each child~s separate trust are authorized to defray the expenses of illness or emergency affecting the child or the child~s issue. Such payments shall either be paid to the child (or the child~s issue) or else applied directly for their benefit by the Trustee. Distributions of ~r~l ~~ LAST WILL AND TESTAMENT OF JUNE E. BHEAFFER PAGE 4 principal hereunder need not be equal nor be made to all of the potential beneficiaries. To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the beneficiary rather than directly to the beneficiary. {B} Upon the death of my son, STANLEY 3HEAFFER, or upon my death if my son, STANLEY SHEAFFER, has predeceased me, the remaining principal from the trust established for the benefit of STANLEY 3HEAFFER shall be divided into separate and equal shares and one such share shall be held by the Trustee, IN FURTHER SEPARATE TRUST, for each of my grandchildren, GREG SIiEAFFER and WENDY SHEAFFER, per stirpes, for the uses and purposes set forth in Paragraph FOURTH (D) below. (C) Upon the death of my son, EDWARD L. SHEAFFER, or upon my death if my son, EDWARD L. 3HEAFFER, has predeceased me, the remaining principal from the trust established for the benefit of EDWARD L. SHEAFFER shall be divided into separate and equal shares and one such share shall be held by the Trustee, IN FURTHER SEPARATE TRUST, for each of my grandchildren, HEIDI SHEAFFER, MARSHA SHEAFFER and BRYAN 3HEAFFER, per stirpes, for the uses and purposes set forth in Paragraph FOURTH (D) below. (D} Each of the separate mists established for the benefit of my grandchildren under Paragraphs FOURTH (B) and FOURTH (C) above shall be held and administered by the Trustee for the following uses and purposes: {I) During the minority of each grandchild, which I define as not having attained age twenty-two (22), to accumulate any part or all of the net trust income or to pay as much of the net trust income to, or for the benefit of, the grandchild as the Trustee, in its sole discretion, determines to be reasonably necessary for the grandchild~s needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). Any income not so paid shall be added to the principal of the mist. To the extent possible, all payments of income shall be paid directly to the third-party for the benefit of the ~~ LAST SPILL AND TESTAMENT OF JUNE E. BHEAF'FER PAGE 5 grandchild rather than directly to the grandchild (2) After the grandchild has attained the age of twenty-two (22) years, to pay all of the income to, or for the benefit of, the grandchild in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. To the extent possible, all payments of income shall be paid directly to the third party for the benefit of the grandchild rather than directly to the grandchild. (3) To pay to, or for the benefit of, the grandchild at any time or times prior to the ternzination of the grandchild's separate Trust, such sums from or any part or all of the principal as the Trustee may, in its sole discretion, determine to be reasonably necessary for the grandchild's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the grandchild rather than directly to the grandchild. (4) To pay to, or for the benefit of, the grandchild, upon his attaining the age of thirty (30), the entire principal of the grandchild's separate trust remaining at that time. (5) Upon the death of a grandchild prior to his thirtieth (30th) birthday, the Trustee shall pay the remaining principal, if any, in equal shares to the grandchild's then-living issue, or if the grandchild has no such issue, in equal shares, per capita, to the then-living grandchildren named in Paragraphs FOURTH (B) and FOURTH (C) above, provided that any such distribution shall be added to the beneficiary's separate trust if a trust is then in existence. (E) Distributions During Administration. Prior to final distribution of my estate, the Executor, in his discretion, may LAST PPILL AND TESTAMENT OF JUNE E. gHEAFFER PA_ make partial distributions to one or more beneficiaries or Trusts. As a consequence, the Executorship and any Trusts created under this Will may exist contemporaneously. A distribution may be made subject to any indebtedness or liability of my estate. FIFTH; gDendthrift Provision. No beneficiary shall have the power to anticipate, encumber or transfer his or her interest in the estate or any trust estate in any manner other than by the valid exercise of a power of appointment. No or any trust estate shall be liable for or charged withhanystate debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. gl~: Anpointment of Trustee and guccessor Trustees. (A) I nominate, constitute and appoint PENNSYLVANIA FIDUCIARY AND ESTATE 9ERVICEg, INC., to act as Trustee of all Trusts created by my Will. (H) The Trustee may resign from the Trusts without the necessity of any Court proceeding if at least thirty (30) days written notice is given to each beneficiary (including a beneficiary~s natural or legal guardian or legal representative, in the case of a beneficiary under a legal disability) who might then be entitled to receive a distribution from the Trust Estate. Upon the death, resignation, removal or incapacity of the Trustee, then a Successor Trustee may be appointed by a majority of the beneficiaries who might then be entitled to receive a distribution from the Trust Estate, provided that the Successor Trustee is a financially sound and competent corporate trustee. A Successor Trustee may be any bank or trust company and may be domiciled anywhere. Any Successor Trustee thus appointed, or, if the Trustee shall merge with or be consolidated with another corporate fiduciary, then such corporate fiduciary, shall succeed to all the duties and to all the powers, including discretionary powers, herein granted to the Trustee. SEVENTH: Powers of Trustee and Executor. In addition to the powers and duties as may have been granted elsewhere in this Il~ U~ LAST PPILL AND TESTAMENT OF JUNE E . SHEAF'FER PAGE 7 Will, but subject to any limitations stated elsewhere in this Will, the Executor and Trustee (when applicable) shall have and exercise exclusive management and control of the Estate or Trusts, respectively, and shall be vested with the following specific powers and discretion, in addition to the be generally conferred from time to time upon them bywlaw;as may (A) In the management, care and disposition of the Trusts or Estate, the Trustee and Executor, respectively, shall have the power to do all things and to execute such instruments as may be deemed necessary or proper, including the followin of which may be exercised without order~of or reportptoeany all Court: (1) To sell, exchange or otherwise dispose of any property at any time held or acquired hereunder, at public or private sale, for cash or on terms, without advertisement, including the right to lease for any term notwithstanding the period of the Trust, and to grant options, including any option for a period beyond the duration of the Trust; except that, in lieu of any binding shareholder agreement or buy/sell agreement to the contrary, the Executor and Trustee shall not be permitted to sell the stock or any other ownership interest in any business owned by me, or my spouse, or held in trust, at my death, without first offering the same for sale to my children, or without next offering the same to the corporation or business represented by such ownership interest for redemption. (2) To invest all monies in such stocks, bonds, securities, mortgages, notes, choses in action, real estate or improvements thereon, and any other property as the Trustee or Executor may deem best, without regard to any law now or hereafter enforced limiting investments of fiduciaries, except that the Trustee or Executor may not invest in any securities issued by the corporate Trustee or Executor, or issued by a parent or affiliate company of such Trustee or Executor. (3) To retain for investment any property deposited with the Trustee or Executor hereunder; except that the ~,;~ L1~sT wir~L AND TESTAMSIIIT OF JUNE E. BHEAFFER PAGE 8 Trustee or Executor may not retain for investment any stock in the corporate Trustee or Executor, or in a parent or affiliate company of such Trustee or Executor. (4) To vote in person or by proxy any corporate stock or other security and to agree to or take any other action in regard to any reorganization, merger, consolidation, liquidation, bankruptcy or other procedure or proceedings affecting any stock, bond, note or other security. (5) To use attorneys, real estate brokers, accountants and other agents, if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Trusts or Estate and to agree to any rescission or modification of any contract or agreement affecting the Trusts or Estate. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging, pledging or conveying any property of the Trusts or Estate, including the power to borrow from the Trustee at a reasonable rate of interest. (8) To retain and carry on any business in which the Trusts or Estate may acquire an interest, to acquire additional interest in any such business, to agree to the Liquidation in kind of any corporation in which the Trusts or Estate may have an interest and to-carry on the business thereof, to join with other owners in adopting any form of management for any business or property in which the Trusts or Estate may have an interest, to become or remain a partner, general or limited, in regard to any such business or property and to hold the stock or other securities as an investment, and to employ agents and confer on them _ authority to manage and operate the business, property or corporation, without liability for the acts of such agent or for any loss, liability or indebtedness of such business if the management is selected or retained with reasonable care. ~J Lt~BT SPILL AND TESTAMENT OF JUNE E . 3HF1siFFER PAGE 9 (9) To register any stock, bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity, but accurate records shall be maintained showing that such security is a Trust or Estate asset and the Trustee or Executor shall be responsible for the acts of such nominee. (B) whenever the Trustee or Executor is directed to distribute any Trust principal or Estate assets in fee simple to a person who is then under twenty-one (21) years of age, the Trustee or Executor shall be authorized~to hold such property in Trust for such person until he/she becomes twenty-one (21) years of age, and in the meantime shall use such part of the income and the principal of the Trusts or Estate as the Trustee or Executor, respectively, may deem necessary to provide for the proper support and education of such person. If such person should die before becoming twenty-one (21} years of age, the property then remaining in trust shall be distributed to the personal representative of such persons estate. (C) In making distributions from the Trusts or Estate to or for the benefit of any minor or other person under a legal disability, the Trustee or Executor need not require the appointment of a guardian, but shall be authorized to pay or deliver the same to the custodian of such person, to pay or deliver the same to such person without the intervention of a guardian, to pay or deliver the same to a legal guardian of such person if one has already been appointed, or to use the same for the benefit of such person. (D) In the disbursement of the Trusts or Estate and any division into separate trusts or shares, the Trustee or Executor shall be authorized to make the distribution and division in money or in kind, or both, regardless of the basis for income tax purposes of any property distributed or divided in kind, and the distribution and division made and the values established by tie Trustee or Executor shall be binding and conclusive on all persons taking hereunder. The Trustee or Executor may in making such distribution or division allot undivided interests in the same property to several trusts or shares. %' " I p~ LAST oPILL AND TESTAMENT OF JUNE E. 3HEAFFER ' PAGE 10 (E) The Trustee and Executor shall be authorized to lend or borrow, including the right to lend to or borrow from my estate or the estate of my spouse or any trusts which I or mY spouse may have established during life or by will at an adequate rate of interest and with adequate security, and upon such terms and conditions as the Trustee or Executor shall deem fair and equitable. (F) The Trustee and Executor shall be authorized to sell or purchase at the fair market value as determined by the Trustee or Executor, any property to or from my estate, the estate of my spouse, or any trust created by me or my spouse during life or by Will, even though the same person or corporation may be acting as Executor of my estate or the estate of my spouse or as Trustee of any of my other trusts. (G) The Trustee and Executor shall have discretion to detezmine whether items should be charged or credited to income or principal or allocated between income and principal as the Trustee or Executor may deem equitable and fair under all the circumstances, including the power to amortize or fail to amortize any part or all of any premium or discount, to treat any part or all of the profit resulting from the maturity or sale of any asset, whether purchased at a premium or at a discount, as income or principal or apportion the same between income and principal, to apportion the sales price of any asset between income and principal, to treat any dividend or other distribution of any investment as income or principal, or apportion the same between income and principal, to charge any expense against income or principal or apportion the same, and to provide or fail to provide a reasonable reserve against depreciation or obsolescence on any assets subject to depreciation or obsolescence, all as the Trustee and Executor may reasonably deem equitable and just under all the circumstances. (H) If at any time the total fair market value of the assets of any trust established or to be established hereunder .is so small that the corporate Trustees annual fee for administering the mist would be the minimum annual fee set forth in the Trustees regularly published fee schedule then, in effect, the Trustee in its discretion shall be authorized to LAST WILL AND TESTAMENT OF JUNE E. SHEAFFER PAGE 11 terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such trust shall be distributed to the persons who are then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee, then the Trustee shall distribute the property among such of the persons to whom the Trustee is authorized to distribute income, and in such proportions, as the Trustee in its discretion shall determine. (I) When the authority and power under this Will is vested in two (2) or more Executors or Tnistees_, the authority and powers are to be held jointly by the Executors or Trustees, respectively. A majority of the Executors or Trustees may exercise any authority or power granted under this will or granted by law, and may act under this Will. Any attempt by one such Executor or Trustee to act under this Will on other than ministerial acts shall be void. The action of one such Executor or Trustee under this Will may be validated by a subsequent ratification of the act by a majority of the Executors or Trustees. EIGHTH: Rights and Liabilities of Executor and Trustee. No bond or other security shall be required of any Executor. This instrument always shall be construed in favor of the validity of any act or omission by any Executor or Trustee, .and any Executor or Trustee shall not be liable for any act or omission except in the case of gross negligence, bad faith or fraud. Specifically, in assessing the propriety of any investment of a Trust, the overall performance of the entire Trust shall be taken into account. Each Executor and Trustee shall be entitled to receive reasonable compensation for services actually rendered to my estate or to my Trusts, in an amount the Trustee or Executor normally and customarily charges for performing similar services during the time which he/she performs the services. NINTH: Tax Elections. In determining the estate, inheritance and income tax liability relating to my Estate, the Executors decision as to all available tax elections shall be conclusive on all concerned. If the Executor joins with my spouse in filing income tax returns, or consenting for gift tax ~~ LI13T QPILL AND TESTAMENT OF DONE E. SHEAFFER PAGE 12 purposes to having gifts made by either of us during my life considered as having been made one-half by each of us, any resulting liability shall be borne by my Estate and my spouse in such proportions as they may agree. In accordance with IRC Section 2632 (a) and without regard to whether a Federal estate tax return is actually filed, my Executor shall allocate so much of .the Federal Generation Skipping Transfer (GST) exemption amount as will fully exempt any generation skipping transfer which may occur under this Will. TENTH: Definitions and General Provisions. (A) Su=, Any beneficiary, including my spouse, who dies within sixty (60) days after my death shall be considered not to have survived me. (B) Trust Estate. "Trust Estate~~ means all assets, however and wherever acquired, including income, which may belong to a Trust at any given time. (C) Chic. Except for discretionary distributions which may be made unequally among a group of persons and distributions pursuant to a valid exercise of a Power of Appointment, in making a distribution to the children of any person, the property to be distributed shall be divided into as many shares as there are living children of the person and deceased children of the person who left children who are then-living. Each living child shall take one share and the share of each deceased child shall be divided among his then-living descendants in the same manner. A posthumous child shall be considered as living at the death of his parent. (D) Coda. Unless otherwise stated, all references in my Will to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or the corresponding provisions of any subsequent federal tax laws applicable to my estate. (E) Other terms. The use of any gender includes the other genders, and the use of either the singular or the plural includes the other. LAST SPILL AND TESTAMENT OF JUNE E . SIiEAFFER - PAG_ (F) ~p=. The captions set forth in this Will at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. (G) Pourers of A~oointment are Exercised. By this will I • exercise any Power of Appointment which I may possess at my death. IN PPITNES9 ~PHEREOF, I, JDNE E. SHEAFFER, the Testatrix, have to this my Last Will and Testament, typewritten on fourteen (14) pages, including the Acknowledgment and Affidavit, set my hand and seal this ~,~ day of a. G 1993. E. SHEAFFER Signed, sealed, published and eclared by the above-named Testatrix, as and for her Last Will and Testament, in the presence of us, who have hereunto subscribed our names at her request, as witnesses hereto, in the presence of the said Testatrix, and in the presence of each other. Each of us further declares that he or she believes the Testatrix to be of sound mind and memory. The preceding instrument consists of this and thirteen (13) other consecutively numbered typewritten pages including the Acknowledgment and Affidavit. iding at ~a,~TP ~ residing at pA ~.~ ; a ~ 1 (print name) REV-1500 EX+(7-84) ~"a V ~ ~ ;j ~ ~ ~ ~~ - ~ y ,-,~'` I `~ tHERITANCE TAX RETURN -- ~ RESIDENT DECEDENT (TO BE FILED IN DUPLICATE WITH REGISTER OF WILLS) DECEDENTS NAM FOP ' ~ £S OF DEATH AFTER 12/31/81 Crf HERE IF A SPOUSAL P0; ~'Y CREDIT IS CLAIMEDn FILE rvU~IABER 21 195 0243 COUNTY CODE YEAR NUMBER E (LAST, FIRST, AND MIDDLE INITIAL) DECEDENTS COMPLETE ADDRESS Shaeffer, June E. 3010 Dickinson Avenue DECEDENT SOCIAL SECURITY NUMBER DATE OF DEATH DATE OF BIRTH C,alClp Hill, PA 17011 198-30-4734 03/17/95 06/20/1920 Coun C~mlberland Count FIRST AND MIDbLE INITIAL) 1. Original Return CHECK APPRO- 0 4. Umited Estate PRIATE BLOCKS }~ e. Decedent Died Testate (Attach copy of Will) CORRES- PONDENT RECAPIT- ULATION SOCIAL SECURITY NUMBER AMOUNT RECEIVED (SEE INSTRUCTIONS) 2. Supplemental Return 0 4a. Future Interest Compromlae (for dates of death alter 12-12-82) ® 7. Decedent Maintained a Uving Trust (Attach copy of Trust) NAME Iawell R. Gates, Esquire TELEPHONE NUMBER 717-731-9600 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Sch. C) 4. Mortgages and Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) (Schedule L) 8. Total Gross Assets (total Unes 1-7) 9. Funeral Expenses, Administrative Costs, Miscellaneous Expenses (Schedule H) 10. Debts, Mortgage Uabilities, Uens (Schedule I) 11. Total Deductions (total Unes 9 & 10) 12. Net Value of Estate (Una 8 minus Une ti} 13. Charitable and Governmental Bequests (Schedule J) U 3. Remainder Retum (for dates cf death prior to 12-13-82) 7~ 5. Federal Estate Tax Return Required 0 8. Total Number of Safe Deposit Boxes COMPLETE MAILING ADDRESS 1013 N~lumla Road, Suite 100 Isroyne, PA 17043 (1) (2) 74,062. (3) "'~/ (4) 27, 000. (5) 220,528.6 (8) (7) 281,116.2 (s) 602,707.66 (10) 7,964.23 ~,-~.''~''"., (11) 99, 728.27 (12) 502,,9.79.39 14. Net Value Sub'ect to Tax Une 12 minus Line 13) 14 502, 979.39 15. Spousal Transfers (for dates of death after 6-30-84). Sse (15) X _ Instructlona for Applicable Psrcentape on Paps 2. (Include values from Schedule K or Schedule M.) 18. Amount of Une 14 taxable at 8% rate (1s) 502, 979.39 .os = 30,178.76 (Include values from Schedule K or Schedule M.) 17. Amount of Une 14 taxable at 15% rate (17) O.OO x .15 O.OO (Include values from Schedule K or Schedule M.) TAX 18. Principal tax due (Add tax from Lines 15, 18 and 17.) (18) 30,178.76 COMPUTA- 19. Credits Spousal Poverty Credit Prior Payments Discount Interest TION + 26, 000.00+ 1, 368.42 - 0.00 (19) ,,.~--'~'1, 368.42 20. If Une 19 is teeter than Une 18, enter the difference on Une 20. This Is the OVERPAYMENT. (20) If Une 18 is greater than Une 19, enter the difference on Une 21. This is the TAX DUE. A. Enter the interest on the balance due on Une 21A. B. Enter the total of Une 21 and 21A on Une 21 B. This is the BALANCE DUE. Make Chock Payable to: Rsglater of Wllls. Anent v onau~mn7u ueCi ItlWrrl, Ir1GIU an ief, it is true, correct and complete. I declare that all real estate has repre8~ltative is baseS!on all infermatinn of wr,inh ...e..a..,. ~,,.. __.. ,___... ~~~ nc~rurv ' ING RETURN ADDRESS See Schedule attached SI~i1JaT11G ~ rncrrRER OTHER THAN REPRESENTATIVE ADDRESS 1013 Mu[[[tts Road, Suite 100 b0~ NTF 8879 , PA 17043 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0801 ~- ~ i0 irle De81 O1 my 1 preparer other than (21) 2,810.34 (21A) 0.00 (21 B} 2, 810.34 DATE I~ I~ ~yS DATE off Estate of: June E. Sheaffer 21-1995-0243 S[H~~ARY OF Ai~O(ATIO~TS ZO BEI~F'ICIARIES Edward L. 5heaffer 5,659.50 Stanley H. Sheaffer 5,659.50 June E. Sheaffer Family Irrev. Txvst 491,660.39 502,979.39 Class A Estate of: June E. Sheaffer The following persons are signing the return as representatives of the estate: Curt H. Zimmermann 2016 Mt. Vernon Circle Harrisburg, PA 17110 21-1995-0243 PA REV-1500 EX (7-94) ~ j Act #48 of 1994 provides for the reduction of the tax retes Imposed on the net value of transfers to or for the use of the spouse. The rates as prescribed by the statute will be: • 3% (.OS) will be applicable for estates of decedents dying on or after 7/1/94 and before 1/1/96 • 2% (.02) will be applicable for estates of decedents dying on or aRer 1/1/96 and bebre 1/1/97 • 1% (.01) will be applicable for estates of decedents dying on or after 1/1/97 and before 1/1/96 • Spousal transfers occurring on or after 1/1/98 will be exempt from Inheritance tax. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING A CHECK MARK (>/) IN THE APPROPRIATE BLOCKS. ves No 1. Did decedent make a transfer and: 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; or ........................ . ........... . ... . .. . .................................... g d. receive the promise for Irfe of etther payments, beneftts or care? ........................ . .. . ............... . . . . . . . . . . . . X 2. If death occurred on or before December 12, 1982, did decedent wtthin two years preceding death transfer property without receiving adequate consideration? If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ................................................................................ X 3. Did decedent ownan'intrustfor'bankaccountathisorherdeath?,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 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. PA16002 NTF 8880 Copyright Forms Software Only, 1p94 Nalco, Inc, Np4PA002 REV-1502 EX + (12-85) COMMONWEALTH OF PENNSYLVANIA ~ SCHEDULE A t INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT June E. Shaeffer 21-1995-0243 (P~r'tY jointly-owned with Right of Survivorship must be disclosed on Schedule F) All real setts should ba reported at fair market value which Is defined as the pries at which Property would bs exchanged between a willing buyer and a willing seller, neither being compelled to b or sell, both havin reasonable know) of the relevarrs facts. ITEM VALUE AT DATE NO. DESCRIPTION OF DEATH None r TOTAL (Also enter on Ifne 1, Recapitulatlon) $ 0 (If more space is needed, insert additional sheets of same size.) PA1tioZ1 NTF 1211 ~ J REV-1503 EX+(4-86) ) SCHEDULE B i COMMONWEALTH OF PENNSYLVANIA STOCKS AND BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER June E. Sheaffer 21-1995-0243 (~i P~~Y IoI~Y-mad with Rlyht of Survlvorahlp mwt be dlacloaed on Soh~h F.) ITEM NO. DESCRIPTION VALUE AT DATE OF DEATH 1 5 Units of SCA Tax Exempt Fund, Series I, L.P 86, held in a 2,705.00 Merrill Lynch Account, account #872-33458, distributions made at end of each calendar quarter. Dividend on Item no. 1, for the 4th quarter, payable thru 125.00 12/31/94, distribution made on 02/10/95 and held in the Merrill Lynch account. 2 666.606 shares of Colonial Federal Securities Fund, Class A, 6,846.04 Colonial Mutual Funds, P.O. Box 1722, Boston, Massachusetts 02105-1722, account #760-7601297359. (See attached letter dated 07/12/95.) 3 300 shares cannon stock, E.I. duPont de Nellours & Canpany, N.Y. 17,212.50 Exchange, share certificate S-433612 (100 shares), share certificate Z¢P0164937 (200 shares). (See attached copies of share certificates.) 4 300 Shares Catimn Stock, Houston Industries, Inc.,. Certificate 11,456.25 No. HX-331830-0404116 (see attached copy of certificate). 5 100 Shares Cam~on Stock, Idaho Power Carfpany, Certificate No. 2 475.00 ~ MG26733 (see attached copy of certificate). 6 100 Shares Common Stock, Ohio Edison Canpany, Certificate No. 2 000.00 NYC324564 (see attached copy of certificate). , 7 $5,000 City of New York Serial Bond 6.25$, 24 year bond, due 5 000.00 April 15, 1995. Interest payable semiannually on April 15 and , October 15, Bearer Bond Certificate No. 2053. (See attached copy of bond.) Interest accrued on City of New York Bond through March 17, I 130.99 1995. 8 $5,000 Sayre Borough Hospital Authority, Hospital Revenue 5 000.00 Refunding Bond, Series of 1977, 6.9$, 25 year bond, due November 1, 2002. Interest payable semiannually on May 1 and November 1, Certificate No. HIZR-3887, (See attached copy of certificate.) Interest Accrued on Sayre Borough Hospital Authority Bond 129.49 through March 17, 1995. 9 $5,000 St. Lawrence Borough Authority (Berke County, 5,000.00 Pennsylvania), Sewer Revenue Bond Series of 1967, 4.75$, 40 year Total from continuation e s ~/ 15,982.56 TOTAL (Also enter on Ilne 2, R Itulaflon $ 74, 06 3 (If more space is needed, Insert addltlonel sheets of same size.) PA15031 NTF 1212 r`•. ~.•-~..A• C......~ cs....a n.. i.. ~fftfd AL.1.... 1.... AInwOAnO~ ~ Page 2 Estate of: June E. Sheaffer 21-1995-0243 ~'~'~ n ~ B -- Stocks and Bonds Item Value at Date ~ • Description of Death 9 bond, due October 1, 2007. Interest payable semiannually on April 1 and October 1. Certificate No. SR 95. (See attached copy of certificate.) Interest earned on St. Lawrence Borough Authority (Barks County, 109.32 Pennsylvania) Sewer Revenue Hoed through March 17, 1995. 10 $5,000 Southeastern Pennsylvania Transportation Authority, 5 000 00 Rental Revenue Bond (Philadelphia Lease), Series of 1968, , . Certificate No. 07001, 5.125, 34 year bond, due September 1, 2002. Interest payable semiannually on March 1 and Septen~bex 1. (See attached copy of certificate.) Interest accrued on Southeastern Pennsylvania Transportation 11.93 Authority bond from March 1, 1995 through date of death. 11 $5,000 Southeastern Pennsylvania Transportation Authority, 5 000 00 Rental Revenue Hond (Philadelphia Lease), Series of 1968, , . Certificate No. 07008, 5.125, 34 year bond, due September 1, 2002. Interest payable semiannually on March 1 and September 1. (See attached copy of certificate.) Interest accrued on Southeastern Pennsylvania Transportation 11.93 Authority bond from March 1, 1995 through date of death. 12 $5,000 Montgomery County Higher Education and Health Authority, 5 000 00 Montgomery County, Pennsylvania, Hospital Revenue Bond, Series , . of 1986, Certificate No. 4272, 7.875$, 33 year bond, due on January 1, 2019. Interest payable semiannually on January 1 and July 1. (See attached copy of certificate.) Interest earned on Montgomery County Higher Education and Health gl,gg Authority bond from January 1, 1995 through date of death. 13 $50 United States Savings Bond, Series EE, Certificate No. 50.00 IA496765293EE. (See attached copy of bond.) 14 1 Unit Pennsylvania Insured Municipal Bond Trust, Fifth Series, 706 44 quarterly distribution plan, Certificate No. PI 5-1244. (See . attached copy of bond.) Interest accrued on the Pennsylvania Insured Municipal Bond 10 95 Trust, Series 5, payable on March 15, 1995 and received March . 19, 1995. TOTAL.(Carry forward to main schedule) 15,98 REV-1604 EX+ (3-82) 1 SCHEDULE C COMMONWEALTH OF PENNSYLVANIA CLOSELY HELD STOCK, INHERITANCE TAX RETURN PARTNERSHIP AND PROPRIETORSHIP RESIDENT DECEDENT Please PrfM or T e ESTATE OF FILE NUMBER June E. Sheaffer 21-1995-0243 i I E l I I it I ;lii„i `III'iii ITEM p1O, DESCRIPTION VALUE AT DATE OF DEATH None TOTAL (Also enter on Iine 3, Recapitulation) $ (If more space is needed, insert additional sheets of same size,) PA15041 NTF 1213 Cnn~rinM Pn nne Anlfiuarw f1nl~ ~aoa u.i,.~ i.,~ uoaaena~ -. _ _. REV-1507 EX+(7-88) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE D MORTGAGES AND NOTES RECEIVABLE j _ Please Print or ESTATE OF FILE NUMBER June E. Sheaffer 21-1995-0243 twn lan -owned with the R of Survivorship must bs daclosed on Schedule F.) ITEM DESCRIPTION VALUE AT ~~ DATE OF DEATH 1 $25,000.00 Promissory Note dated February 15, 1992, Jeffry D. 25,000.00 Gardner and Sherry F. Gardner, as the Prarrcti.sors, 5128 S.E. 50th Street, Oklahoma City, Oklahoma 73135, bearing interest at the rate of 12$ annually, payable monthly in the amount of $358.68, on the fifteenth day of each month. (See attached copy of the Prartissory Note. ) 2 $2,000.00 Loan Agreement dated January 8, 1994, Ray Matson and 2,000.00 Pat Matson, as the Obligors, Camp Hill, Pennsylvania 17011, bearing interest at the rate of 12$ annually, payable monthly in the amount of $100.00, on the fifteenth day of each month until November 15, 1996. (See attached copy of the Pranissory Note.) TOTAL (Also enter on line 4, Recapitulation) $ (If more space is needed, Insert addftlonal sheets of same size.) ~~. PAtti071 NTF 1214 Copyright Forms Softwaro Only, 1884 Nelco, Inc, N94PA071 REV-1508 EX+(2-87J ~ SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS AND INHERITANCE TAX RETURN MISCELLANEOUS RESIDENT DECEDENT .PERSONAL PROPERTY Please Print or T e ESTATE OF FILE NUMBER June E. Shaeffer 21-1995-0243 All I wwn~d wRh the R of survivorshl must he dlsobssd on Schedule ITEM NO. DESCRIPTION VALUE AT DATE OF DEATH SINGLE PRIIKIt~i DEFERRID ADIlV[TITIES: 1 Single Premium Deferred Annuity, USG Annuity & Life Calllpany, 604 19 136 90 , . Locust Street, Des Moines, Iowa 50309-3705, Policy No. US-267357, Owner and Annuitant; June E. Shaeffer; Beneficiary: Estate of June E. Shaeffer. (See attached statement dated June 14, 1995.) 2 Single Premium Deferred Annuity, USG Annuity & Life Company, 604 18 600 13 , . Ipcust Street, Des Moines, Iowa 50309-3705, Policy No. US-049563, Owner and Annuitant; June E. Shaeffer; Beneficiary: Estate of June E. Shaeffer. (See attached statement dated June 14, 1995.) 3 Single Premium Deferred Annuity, USG Annuity & Life ~ 604 100 598 69 , . Locust Street, Des Moines, Iowa 50309-3705, Policy US-150811, Owner and Annuitant; June E. Shaeffer; Beneficiary: Estate of June E. Shaeffer. (See attached statement dated June 14, 1995.) 4 Providentmutual Life & Annuity Carlpany of America (PLACA), 21,543.79 single premium deferred annuity, policy ntullber 0204154970, cash surrender value. (See attached copy of claim form and death benefit check.) 5 Checking Account, Dauphin Deposit Bank and Trust Carg~any, 213 9,042.64 Market Street, Harrisburg, Pennsylvania 17101, account #0038344106; account was owned jointly with the right of survivorship between Curt H. Zimrerniann and June E. Shaeffer at her date of death; however, Curt Zinmlerrnann renounced his joint interest in the account and returned the funds to the Estate shortly after June Sheaffer's death. (see attached statement dated April 7, 1995.) accrued interest on the checking account thru the date of death. 1.30 6 Money Market account, Hazris Savings Bank, 635 North 12th 30,904.41 Street, I,emyne, PA 17043, account #10-05-003354. (see attached statement of account.) accrued interest on the money market account thru date of death. 3.12 7 Money Market Account, Vanguard Pennsylvania Tax-Free Find, P.O. x;952.58 Total from continuation s 12 .45.05 TOTAL Also enter on line 5, Recapitulation) $ 528.61 (Attach addttional S 1/2" x 11" sheets ff more space Is needed.) ~ PA1li0131 NTF 1215 (`nn•.ein Af Fnr.n. CMh•.vs nnl.. 1ppA IJnlwn 1..,. .,ow Dnn.• ~ ~~ Page 2 Estate of: June E. Sheaffer 21-1995-0243 SQ~dULE E -- Cash, Bank Deposits and Miscellaneous Personal Pr operty Item ~ Value at Date • Description of Death 7 Box 2600, Valley Forge, Pennsylvania 19482-2600, account #9878113146. (See attached statement dated March 31, 1995.) 8 Personal and miscellaneous property located at decedent's. 8,919.00 residence at 3010 Dickinson Avenue, Camp Hill, PA. (See attached auction bill of sale.) 9 1984 Ford LTD Croam Victoria (ps/pb/pol/2dr.) (N.A.D.A. Blue 2 400.00 ' Hook Value) 10 Reimbursement received at settlement for 1994-1995 School Real 35.85 Estate Taxes (period 6/8/95 - 7/1/95) for property located at 3019 Dickinson Avenue, Camp Hill, Cumberland County, PA, Tax' Parcel #01-22-0533-153. 11 Reimbursement received at settlement for 1995 County/Borough 122.19 Real Estate Taxes (period 6/8/95 - 1/1/96) for property located at 3019 Dickinson Avenue, Camp Hill, Cumberland County, PA, Tax Parcel #01-22-0533-153. 12 Reimbursement received at settlement for 1995 County/Borough 158 52 Real Estate Taxes (period 9/1/95 - 1/1/96) for property located . at 3010 Dickinson Avenue, Camp Hill, Gtanberland County, PA, Tax Parcel #01-22-0533-106 (lot) and Tax Parcel #01-22-0533-114 (house). 13 Reimbursement received at settlement for 1994-1995 School Real 1 067.72 Estate Taxes (period 9/1/95 - 7/1/96) for property located at , 3010 Dickinson Avenue, Camp Hill, Ctanberland County, PA, Tax Parcel #01-22-0533-106 (lot) and Tax Parcel #01-22-0533-114 (house). 14 Reimbursement received at settlement for 1994-1995 School Real 13 75 Estate Taxes (period 5/20/95 - 7/1/96) for property located at . 3017 Dickinson Avenue, Camp Hill, ~lunberland County, PA, Tax Parcel #01-22-0533-153A. 15 Reimbursement received at settlement for 1995 CountylBorough 28 02 Real Estate Taxes (period 5/20/95 - 1/1/96) for property located . at 3017 Dickinson Avenue, Camp Hill, C<unberland County, PA, Tax Parcel #01-22-0533-153A. TaTAL.(Carry forward to main schedule) 12,745.05 ~~ REV-y5os Ex + ~~2-ae) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF FILE NUMBER June E. Sheaffer _ 21-1995-0243 Jolnt t~narn(s): NAME ADDRESS RELATIONSHIP TO DECEDENT Jolntty-owned property; ~.......~o .grow ~~ „oo~o~, uiyrnt tiUamona~ sneers OT S9IY16 sfZ9.) PA75091 NTF 1218A t REV-1510 EX + (2-87) ) COMMONWEALTH OF PENNSYLVANIA SCHEDULE G TRANSFERS INHER ITANCE TAX RETURN RESIDENT DECEDENT PLEASE PRINT OR TYPE June E. Shaeffer 21-1995-0243 THIS SCH. MUST BE COMPLETED >!i FILED IF THE ANSWER TO ANY OF THE QUESTIONS ON THE REVERSE SIDE OF COVER SHEET IS YES, ITEM DESCRIPTION OF PROPERTY DECD. DOLLAR VALUE Include name of the transferee, their EXCLUSION TOTAL VALUE % OF DECEDENTS NO. relationshi to decedent, date of transfer. OF ASSET INT. INTEREST 1 Land and house located at 3010 0.00 130,000. 100.00$ 130,000.00 Dickinson Avenue, Camp Hill, Ctmlberland County, Pennsylvania 17011, consisting of 1/5 acre and single family residence; tax map I.D. #01-22-0533-114. The property was transferred into The June E. Shaeffer Family Irrevocable Trust dated 02/13/95 by a step transaction consisting of two (2) deeds both dated 02/13/95. See attached copies of two (2) deeds. (Value based on appraisal, a copy of which is attached.) 2 Vacant land located on Harvard 0.00 4,00 .00 100.00$ 4,000.00 Avenue, Camp Hill, C'~mlberland County, Pennsylvania 17011,. consisting of 3600 square feet; map I.D. #01-22-0533-106. The property was transferred into The June E. Shaeffer Family Irrevocable Trust dated 02/13/95 by a step transaction consisting of two (2) deeds both dated 02/13/95. See attached copies of deeds. (Value based on appraisal, a copy of whic is attached.) 3 Land and house located at 3019 0.00 66,50 0 100.00$ 66,500.00 Dickinson Avenue, Camp Hill, C'~unberland County, Pennsylvania 17011, consisting of 1/5 acre and one-half duplex house; tax map I.D. #01-22-0533-153. The property was transferred into The June E. Shaeffer Family Irrevocable Trust dated 02/13/95 by a step transaction. consisting of two (2) deeds both dated 02/13/95. See attached copies of two (2) deeds. (Value based on appraisal, a copy of which is attached.) Total from continuation page(s) ~ ~ I I 80,616.22 PA76101 NTF 1217A TOTAL (Also enter on line 7, (If more space is needed, insert addldonal sheets of same size.) Page 2 Estate of: June E. Shaeffer SCI~UI,E G -- Transfers Item Total Value No• Description Exclusion of Asset 4 Vacant land located at 3017 Dickinson Avenue, Camp Hill, G~nnberland County, Pennsylvania 17011, consisting of 1/5 acre of vacant land; tax map I.D. #01-22-0533-153A. The property was transferred into The June E. Shaeffer Family Irrevocable Trust dated 02/13/95 by a step transaction consisting of two (2) deeds both dated 02/13/95. See attached ~.ies of two (2 ) deeds . (Value'tiasad on raisal, a copy of.~which is at . ) f ~ `Annuit,~licy Number 7307686A, ssued by John Alden Life Insurance Ny~„T,~.,~.Affice Box 020270, ~°, orida 33102-0270, on October 6, 1992, payable in monthly installments of $248.08 to decedent for life, then to decedent's estate for the duration of the annuity until October 6, 1997. Decedent paid the entire cost of the annuity. Value obtained fran the issuing company. (See attached IRS Form 712. ) ..,__~.~ 6 Policy Ntanber 01050~A8180, issued by ~~ Providentmutual Li e Annum Ca:gaany of America, 300 rental Drive, Newark, Del 197 May 14, 1991, payable in monthly installments of $874.15, to decedent for a tents certain of eight (8) years (96 months), then to decedent's estate for the remainder of the teen certain. Forty-six (46) monthly payments were made prior to decedent's death, and fifty (50) payments remain to be paid after decedent's death. Decedent paid entire cost of the annuity. Value obtained 21-1995-0243 Decedent Dollar Value Percent of Decedent's Interest Interest 0.00 23,000.00 00.00$ 0.00 0.00 6,807.72 100.00 43,707.50 100.00$ 23,000.00 6,807.72 43,707.50 ZO-!'AL.(Carry forward to main schedule) , .22 ~°'! Estate of: June E. Shaeffer Page 3 21-1995-0243 ALE G -- Transfers Item No. Description Exclusion 6 fran the issuing company. (See attached copy of valuation letter.) 7 Policy Number 0105009760,~~.assued by ~ _'l 0.00 Pravidentmutual Life Annuit _-- Company of America, `00 ~'~yi~l . Drive, Newark, Delaw,,,.19~13a;~"on April 24, 1992, payable in monthly installments of $263.00, to decedent for a term certain of five (5) years (60 months), then to decedent's estate for the remainder of the term certain. Thirty three (33) monthly payments were made prior to decedent's death, and twenty-seven (27) payments remain to be paid after decedent's death. Decedent paid entire cost of the annuity. Value obtained from the issuing caripany. (See attached copy of valuation letter.) Decedent Dollar Value Total Value Percent of Decedent's of Asset Interest Interest 7,101.00 100.00 7,101.00 TOTAL.(Carxy forward to main schedule) 7,101.00 REV-1511 EX+(~-88) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ~ SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND '~ _ _ Pleaw Prim or Type ESTATE OF FILE NUMBER June E. Sheaffer 21-1995-0243 1 NOM DESCRIPTION AMOUNT A. Funeral Expeneea: 1 Musse]m~n Fluteral Home, Inc. (See copy of statement.) 2 James R. Gingrich Mealorials, grave marker. (See attached copy of statement.) B. Administratlvs Costa: 1. Personal Representative Commissions Social Security Number of Personal Representative: 206-56-6649 Year Commissions paid 1995 2. Attorney Fees 3. Family Exemption Claimant Relationship Address of Claimant at decedents death Street Address City State Zip Code 4. Probate Fees C. Miscellaneous Expenses; See Schedule attached 17.bta1 from continuation page(s) TOTAL (Also enter on line e, Recapl (If more space Is needed, Insert additional sheets of same size.) PA16111 NTF 1218 4,730.00 482.00 30,135.38 30,135.38 0.00 0.00 26,281.28 91,764.04 Estate of: June E. Sheaffer SCHEDULE H, PART C -- Miscellaneous Expenses Item No. Description 1 Cumberland County Register of Wills Office, probate fee and Short Certificates, 3/27/95. (See attached copy of statement.) 2 Waste Management of Central Pennsylvania, dumpster rental for removal of trash at 3010 Dickinson Averwe, Camp Hill, Pa., 3/30/95. (See copy of statement attached.) 3 Waste Management of Central Pennsylvania, dumpster rental for removal of trash at 3010 Dickinson Avenue, Camp Hill, Pa., 5/8/95. (See copy of statement attached.) 4 Duty's Lock & Key, change of locks at Dickinson Avenue, (',amp Hill, Pa. Property, 3/21/95. (See attached copy of statement.) 5 Dan Barrett, cleaning and trash removal at 3019 Dickinson Avenue, Camp Hill, Pa., service 5/29, 5/30, 6/8 1995. (See attached copy of statement.) Page 2 21-1995-0243 Amount 298.00 350.00 350.00 50.75 575.00 6 H.B. McClure Company, Inc., boiler service and repair to 3019 Dickinson Avenue, Camp Hill, Pa., 6/6/95. (See attached copy of statement.) 7 Camionwealth of Pennsylvania, notary fee for transfer of car title, 4/6/95. (See attached copy of cancelled check.) 8 Camionwealth of Pennsylvania, transfer fee for car title, 4/6/95. (See attached copy of cancelled check.) 9 Camp Hill Borough, 1995 County Real Estate Tax Notice for Property located at 3010 Dickinson Avenue, Camp Hill, Pa., Tax Parcel #01-22-0533-106, 4/13/95 (See attached copy of statement.) 10 Camp Hill Borough, 1995 County Real Estate Tax Notice for property located at 3010 Dickinson Avenue, Camp Hill, Pa., Tax Parcel #01-22-0533-114, 4/13/95 (Sege attached copy of statement.) 11 Camp Hill Borough, 1995 County Real Estate Tax Notice for Property located at 3017 Dickinson Avenue, Camp Hill, Pa., Tax Parcel #01-22-0533-153A, 4/13/95 (See attached copy of statement.) 12 Came Hill Borough, 1995 County Real Estate Tax Notice for Property located at 3019 Dickinson Avenue,. Camp Hill, Pa., Tax Parcel.#01-22-0533-153, 4/13/95 (See attached copy of ZOTAL.(Carry forward to main schedule) . 95.64 4.00 39.00 8.94 465.32 45.26 211.15 ~~ 2, .06 t Page 3 Estate of: June E. Sheaffer 21-1995-0243 SCHED[JLE H, PART C -- Miscellaneous Expenses Item No. Description Amount 12 statement.) 13 Camp Hill Borough, 1995 County Personal Tax, 5/10/95 (See 5 00 attached copy of statement.) . 14 The Patriot News, publication of estate notice, 4/19/95. (See 149 92 attached copy of statement.) . 15 Cimiberland Law Journal, publication of estate notice, 4/28/95. 40 00 (See attached copy of statement.) . 16 U.S. Postmaster, certified mail fee, 5/4/95. (See attached copy 2 52 of statement.) , 17 Professional Tax Advisors, Inc., preparation of 1994 Federal and 250 00 State Income Tax Returns, 4/14/95. (See attached copy of . statement.) 18 Stanley Sheaffer, reimbursement for cleaning supplies for use at 35 71 3010 Dickinson Avenue, Camp Hill, Pa., 4/4, 4/10, 4/21 1995. . (See attached copies of receipts.) 19 Stanley Sheaffer, cleaning 3010 Dickinson Avenue, Camp Hill, Pa. 1 500 00 Property, 6/5/95. (See attached copy of check.) , . 20 Bricker's Auction, sales costs of personal property, 5/20/95. 752 00 (See attached copy of statement.) . 21 Professional Financial Advisors, reimbursement for estate 12 20 photocopy charges made by Executor, 5/31/95. (See attached copy . of statement.) 22 U.S. Postal Service, mailing estate mail, 5/26/95. (See 5 22 attached copy of statement.) . 23 Holy Spirit Hospital, copies of medical records, 3/30/95. (See 10 00 attached copy of statement.) . 24 IBC, copies of medical records, 8/3/95. (See attached copy of 230 87 statement.) . 25 Harrisburg State Hospital, copies of medical records, 8/3/95. (See attached copy of cancelled check.) 44.00 26 Internal Revenue Service, 1994 income tax, 9/13/95. (See 137 00 attached copy of statement.) . ' IOTAL.(Carzy foxwand to main schedule) 3,1 .44 i ~ Page 4 Estate of: June E. Sheaffer 21-1995-0243 SCF~UI.E H, PART C -- Miscellaneous E~enses Item ~• Description Amount 27 RSR Appraisers & Analysts, appraisal of real estate located at 200 00 3017 Dickinson Avenue, Camp Hill, Pa., 4/14/95. (See attached . copy of statement.) 28 RSR Appraisers & Analysts, appraisal of real estate located at 225 00 3019 Dickinson Avenue, Camp Hill, Pa., 4/14/95. (See attached . copy of statement.) 29 RSR Appraisers & Analysts, appraisal of real estate located at 225 00 3010 Dickinson Avenue, Camp Hill, Pa., 4/14/95. (See attached . copy of statement.) 30 Woof Appraisal Group, appraisal of 3010 Dickinson Avenue, Camp 250 00 Hill, PA. real estate. (See attached copy of statement date . April 18, 1995.) 31 PP&L, electrical service to 3010 Dickinson Avenue, Camp Hill, 31 24 Pa., period 3/20/95-4/20/95. (See attached copy of statement.) . 32 PP&L, electrical service to 3010 Dickinson Avenue, Camp Hill, 22 71 Pa., period 4/20/95-5/18/95. (See attached copy of statement.) , 33 PP&L, electrical service to 3010 Dickinson Avenue, Camp Hill, 8 77 Pa., period 5/18/95-6/16/95. (See attached copy of statement.) . 34 PP&L, electrical service to 3010 Dickinson Avenue, Camp Hill, 5 02 Pa., period 6/16/95-7/20/95. (See attached copy of statement.) . 35 PP&L, electrical service to 3010 Dickinson Avenue, Camp Hill, 1 36 Pa., period 7/20/95-7/28/95. (See attached copy of statement.) . 36 Borough of Camp Hill, sewer service to 3010 Dickinson Avenue, 45 00 Camp Hill, Pa., period 1/1/95-6/30/95. (See attached copy of . statement.) 37 Borough of Camp Hill, sewer service to 3019 Dickinson Avenue, 45.00 Camp Hill, Pa., period 1/1/95-6/30/95. (See attached copy of statement.) 38 Bell Atlantic, telephone service to 3010 Dickinson Avenue, Camp 12.62 Hill, Pa., statement 4/1/95. (See attached copy of statement.) 39 Bell Atlantic, telephone service to 3010 Dickinson Avenue, Camp 12.13 Hill, Pa., statement 5/1/95. (See attached copy of statement,) TOTAL.(Carry forward to main schedule) 1,083.85 ~ ) Page 5 Estate of: June E. Sheaffer 21-1995-0243 Sc'F~r n.F H, PART C -- Miscellaneous Expenses Item , ~ • Description A~q~t 40 Pa. American Water Co., water service to 3010 Dickinson Avenue, 7.00 past due balance, statement 4/10/95. (See attached copy of statement.) 41 Pa. American Water Co., water service to 3010 Dickinson Avenue, 12.45 period 4/6/95-5/5/95. (See attached copy of statement.) 42 Pa. American Water Co., water service to 3010 Dickinson Avenue, 12.00 period 5/6/95-6/5/95. (See attached copy of statement.) 43 Pa. American Water Co., water service to 3010 Dickinson Avenue, g,38 period 6/6/95-7/7/95. (See attached copy of statement.) 44 Pa. American Water Co., water service to 3010 Dickinson Avenue, 7.00 period 7/7/95-7/31/95. (See attached copy of statement.) 45 Sewer bill (prorated share) paid at settlement (period 16.74 7/1/95-8/31/95) for property located at 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 46 4 2 50 Rottunan, Schubert & Reed, broker's cannission paid at settlement . for property located at 3010 Dickinson Avenue, Camp Hill, Gtanberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement 47 sheet.) .50 Coldwell Banker MkC~I Realty, Inc., broker's camtission paid at settlement for property located at 3010 Dickinson. Avenue, Camp Hill, C<anberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) ~~. 48 .00 Central Penn Settlement Services, Inc., disbursement fee paid at settlement for property located at 3010 Dickinson Averrue, Camp Hill, Gtunberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) ;- 49 .00 TO-rAL.(Carry forward to main schedule) 8,678.57/ ~ ~i Page 6 Estate of: June E. Sheaffer 21-1995-0243 ~rxn.F H, PART C -- Miscellaneous Expenses Item ~• Description Amount 49 Central Penn Settlement Services, Inc., notary fee paid at settlement for property located at 3010 Dickinson Avenue, Camp Hill, Gtm~berland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 50 1,225.00 G~unberland County Recorder of Deeds Office, Realty transfer tax paid at settlement for property located at 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 51 12.00 Ctmiberland County Recorder of Deeds Office, filing fee for release for property paid at settlement for property located at 3010 Dickinson Avenue, Camp Hill, G~unberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 52 1,065.30 Bower's Pest Control, paid at settlement for property located at 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 53 Wayne Scott, lien certification fee paid at settlement for 2 00 property located at 3010 Dickinson Avenue, Camp Hill, Ctiunberland . County, Pa., Tax Parcel #01-22-0533-114 (house) and #01-22-0533-106 (lot), 9/1/95. (See attached copy of settlement sheet.) 54 Reimbursement to Buyers for repairs made to the house at 3010 930 00 Dickinson Avenue, Camp Hill, PA. (See attached copy of . Settlement Sheet.) 55 Sewer bill (prorated share) paid at settlement (period 5 72 6/8/95-7/1/95) for property located at 3019 Dickinson Avenue, , Camp Hill, C~unberland County, Pa., Tax Parcel #01-22-0533-153 , 6/8/95. (See attached copy of settlement sheet.) 56 Rothman, Schubert & Reed, broker's camiission paid at settlement 4,760.00 TOTAI..(Carry forward to main schedule) 8,000.02 ~ ~ Page 7 Estate of: June E. Sheaffer 21-1995-0243 5CHEDIJLE H, PART C -- Miscellaneous Expenses Item ~ • Description A~munt 56 (period 6/8/95-7/1/95) for property located at 3019 Dickinson Avenue, Camp Hill, Cumberland County, Pa., Tax Parcel #01-22-0533-153, 6/8/95. (See attached copy of settlement sheet.) 57 Notary fee paid at settlement for property located at 3019 4.00 Dickinson Avenue, Camp Hill, Ctm~berland County, Pa., Tax Parcel #01-22-0533-153, 6/8/95. (See attached copy of settlement sheet.) 58 Ctunberland County Recorder of Deeds Office, Realty Transfer Tax 680.00 paid at settlement for property located at 3019 Dickinson Avenue, Camp Hill, G~anberland County, Pa., Tax Parcel #01-22-0533-153, 6/8/95. (See attached copy of settlement sheet.) 59 Bovaer's Pest Control, paid at settlement for property located at 30 00 3019 Dickinson Avenue, Camp Hill, Cumberland County, Pa., Tax . Parcel #01-22-0533-153, 6/8/95. (See attached copy of settlement sheet.) 60 Amierican Home Shield, premier protection, paid at settlement for 330.00 property located at 3019 Dickinson Avenue, Camp Hill, Gtunberland County, Pa., Tax Parcel #01-22-0533-153, 6/8/95. (See attached copy of settlement sheet.) 61 Rothanan, Schubert & Reed, broker's commission paid at settlement 1 307.25 for property located at 3017 Dickinson Avenue, Camp Hill, , G~miberland County, Pa., Tax Parcel #01-22-0533-153A, 5/19/95. (See attached copy of settlement sheet.) 62 Notary fees paid at settlement for property located at 3017 2 00 Dickinson Avenue, Camp Hill, Cumberland Caunty, Pa., Tax Parcel . #01-22-0533-153A, 5/19/95. (See attached copy of settlement sheet.) 63 Gtunberland County Recorder of Deeds Office, Realty Transfer Tax 244 64 paid at settlement for property located at 3017 Dickinson . Avenue, Camp Hill, Cumberland County, Pa., Tax Parcel #01-22-0533-153A, 5/19/95. (See attached copy of settlement sheet.) 64 Milage to Iawell R. Gates, P.C. (See attached statements.) 1.96 65 Postage to Dowell R. Gates, P.C. (See attached statements.) 15.39 TOTAL.(Carry forward to main schedule) 2,615.24 ~ 1 Page 8 Estate of: June E. Sheaffer 21-1995-0243 SC~DiIJLE H, PART C -- Miscellaneous Expenses Item NO• Description p~~t 66 Vital Records, additional death certificates. 72.00 67 Court costs, C~m~berland County Prothonotary, filing fees. 14.25 68 Court Costs, Filing fee to District Justice Complaint to evict 111.60 tenant at 3019 Dickinson Avenue, Camp Hill, Pa. prc~erty. 69 Cumberland County Prothonotary, filing fees. 14.25 70 G~unberland County Register of Wills, additional short 24.00 certificates . TDTAL.(Carry forward to main schedule) 236.10 REV-16t2 EX+(t/B3) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT 'I ) SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES AND LIENS Pa».PNm~ ESTATE OF FILE NUMBER June E. Sheaffer 21-1995-0243 ITEM NO. DESCRIPTION 1 Default Judcp~lertt entered against June E. Shaeffer in favor of Mid-Atlantic Waterproofing of Delaware, Inc., docket No. 4009 Civil 1993, C~unberland County, Pa. Court of Carron Pleas. (See attached copies of statements.) 2 Pa. American Water Company, water service to 3010 Dickinson Avenue, 1/6/95 - 2/6/95. (See attached statement.) 3 P.P.& L., electric service to 3010 Dickinson Avenue, 2/16/95 - 3/20/95. (See attached statement.) 4 Iawell R. Gates, P.C., legal fees for estate planning through 03/17/95. (See attached statement.) 5 Milton 5. Hershey.Medical Center, statement for medical services dated 03/10/95. (See attached copy of statement.) 6 University Physicians, statement for. medical services date 3/22/95. (See attached copy of statement.) 7 Family Internal Medicine. (See attached statement dated 4/4/95.) 8 Edward E. Iamarque, M.D. (See attached copy of statement dated 4/10/95.) 9 A.Z. Ritzlnan Associates, Inc. (See attached copy of statement dated 5/2/95.) 10 University Physicians. (See attached copy of statement dated 4/19/95.) it University Physicians. (See attached copy of statement dated 5/17/95.) 12 A.Z. Ritzman Associates, Inc. (See attached copy of statement for medical services.) 13 A.Z. Rittman Associates, Inc. (See attached copy of statement for medical services.) TOTAL (Also enter on Ilne 1 AMOUNT .00 9.78 26.79 782.50 715.98 158.92 18.24 265.38 17.11 646.99 268.46 17.89 6.19 (If more space is needed, insert additlonal sheets of same size.) PA76121 NTF 2880 HEV-1613 EX+(2-87) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ,i ~ SCHEDULE J BENEFICIARIES c' ~ A ~ ° yr FILE NUMBER June E. Shaeffer 21-1995-0243 ITEM NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT OR NO. SHARE OF ESTATE 1 A. Taxable Bequests: Edward L. Shaeffer Son 5 659 50 3437 Huntsman Drive , . Sarxamento, CA 95826 2 Stanley H. Shaeffer Son 5 659 50 20 San Juan Drive , , . Mechanicsburg, PA 17055 3 June E. Shaeffer Family Irrev. Trust Trust 491 660.39 PA Fiduciary & Estate Services,Inc., Trustee , 1013 Mumma Road, Suite 202 Iallayne, PA 17043 ITEM ~. NAME AND ADDRESS OF BENEFICIARY B. Charitable and Governmental Bequests; None TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (Also enter on line 13 Recapitulatton) ~ (If moro apace Is needed, Insert addltlonal sheets of same size) PA15131 NTF 1220A Copvripht Forms Software Only. 1984 Nalco. Inc. N84PA131 AMOUNT OR SHARE OF ESTATE REV-1648 EX (1-82) P SCHEDULE N D COMMONWEALTH OF PENNSYLVANIA SPOUSAL POVERTY CREDIT INHERITANCE TAX OIV1310N AVAILABLE FOR DECEDENTS DYING AFTER 1?J31/91 ESTATE OF FILE NUMBER June E. Shaeffer 21-1995-0243 This schedule must be co leted and filed ff ou checked the ousel ov credft box on the cover sheet. i ii ? ~' I' iii. I I iii' i ' I { ! i` ! I I ! ! i ' Ili I ! I illlE, I i i u'il! 1. Taxable Assets total from line 8 (cover sheet) ............ . ... . ............................... 1. 602, 707.66 2. Insurance Proceeds on Life of Decedent ................................................... 2. 0.00 3. Retirement Benefits .................................................................... 3. 0.00 4. Joint Assets with Spouse ............................................................... 4. 0.00 5. PA Lottery Winnings .................... . ............. . ... . 5. 0.00 ea. Other Nontaxable Assets: List (Attach schedule ff necessary) , , .... , . 8a. I I ' ~ ~II i ~ ~ ~ ~i ~. I I .fl ii ~ .~ ~ ~~i I l~ eb. e. SUBTOTAL (Lines ea, b, c, d) ............................................................ 6. 0.00 7. Total Gross Assets (Add lines 1 thru 6) ..................................................... 7. 602, 707.66 8. Total Actual Liabilities . .............................................. 9 N t V l 8. 0.00 . e a ue of Estate (Subtract line 8 from line ~ ...................................... . .... ... If line 9 is greater than 5200,000 --STOP. The estate is not elipibls to claim the credit. If not, continue to Part II. 9, ~ 602 707 66 I' li Ili I 'I~ 3nil!ll~~~lill I~i ' ~~' ' ?~ ~ i I „ Income: 1. TAX YEAR: 19 2. TAX YEAR: 18 3. TAX YEAR: 18 a. Spouse .................... ia. 2a. 3a. b. Decedent .................. 1 b. 2b. 3b. c. Joint ...................... 1c. 2C. 3C. d. Tax Exempt Income .......... id. 2d. 3d, e. Other Income not listed above .. 1e. 2e . 3e. f. Total. if. 2f. 3f. 4. Average Joint Exemption Income Calculation 4s. Add Joint Exemption Income from above: (1~ + (~ + (3f) _ ( 3) 4b. Average Joint Exemption Income ............................... - _ If line 4(b) is ~reatsr than 640,000 --STOP. Ths estate is not elipibls to claim the credit. If not, continue to Psrt III. ~,~ , , ,, 1. Heart amount of taxable transfers to spouse or $100,000, whichever is less ........... . .. 1, 2. Multiply by credit percentage (see instrvctlons) ................................. ........... 2, .............. 3. This la the amount of the Resident Spousal Poverty Credit. Include this figure in the cak:ulation of total credits on line 18 of the cover sheet ....... . .............. 3, 4. For Nonresidents, enter the ratio of the decedent's gross estate in PA to the value of the deoedent's gross estate ............ 4. 5. Multiply line 3 by line 4 and enter the total here. This is the amount of the Nonresident Spousal Poverty Credit. Include this figure in the calculation of total credits on line 18 of the cover sheet ......... 5. PA18481 NTF 1229 Copyright Forms software Only, 1984 Nalco, Inc. N84PA481 CsOMMCc+NWEALTH OF PENNSYLVANIA l COUNTY OF CUMBERLAND 1 a e o • late of -~ ~11 ______-__ ___ ,Cumberland County, Pa., deceased end Chet the within is an inventory made by ~'t H. Zilianertparul ., the said Executor of the entire estate of said decedent, consisting of all the personal property and reel estate, except real estate outside the Commonwealth of Pennsylvania, and that the figures opposite each item of the Inventory represent it's fair value as of the date of decedent's death . SWt7rn ~ and subscribed before me, .J Dec~nber 18 ~kfCV TPA 19 95 ~eutor .Administrator ~_ - 2016 MT. VERNOI~T CIRCLE COPY ~'L~-~ Curt H. ZiIlZIlerRli3>:111 being duly Sworn according to law, deposes and say,'s that he is the ~cecutOr of the Est t f Jtarie E Sheaffer Notarial Seal Stacey L. Nace, Notary Public Fermanagh Twp., .Juniata Coun~ My Commission Expires Oct. 16,1 99 Date of Death 17 Day HARRISBURG PA 17110 Address 3 1995 Month Y~~r INSTRUCTIONS I. An inventory must be filed within three months after appointment of personal representative. 2. A supplement inventory must be filed within thirty days of discovery of additional assets. 3. Additional sheets may be attached as to personalty or realty 4. See Article IV, Fiduciaries Act of 1949. ~ r.:; J V_ ~ ~ ~ W ~ LL ~ o_ n' -J ~ ~ h J W L O . ~ m N ~ m ~ LL 0 ~ FI~1~ C'~ `~ o I Z I , Z Q Z ~ ~ a ~ ~ Z s W C o' V -o N a c ~ ~ O ~ ~ (j ~ o v T m V O Q Inventory of the real and personal estate of - JiJNE E. SHEAFF'ER deceased r DEB ~~$379,207~.66 r ' INS ~' ~ REAL Ai~ID PE[t9Q~iAI, ~'E PAGE 1 aF' - J[AVE E. . ITEM NO. DESCRIPTION VALUE AT DATE OF DEATH 1 5 Units of SCA Tax Exenpt Fund, Seziea I, L.P 86, held in a Merrill Lynch Account, account #87Z-33458, distributions made at 2.705. end of each calendar quarter, Dividend an Item no. 1, for the 4th quarter, payable thru 12/31/94, distribution made on 02/10/95 and held in the Meexrill 125.1 Lynch account. 2 666.606 shares of Colonial Federal Securities Ftuld, Class A, Colonial N~titual Funds, P.O. Box 1722, Boston, Massachusetts 6,846.( 02105-1722, account #760-7601297359. - - 3 300 shares ooamon stock, E.I. duPont de Nemours & Ems, share certificate S-433612 (100 shares),Y~ N.Y. 17,212.: ceztificate ZQ-P0164937 (200 shares). - 4 300 Shares Ccmncn Stock, Houston Industries, Inc., Certificate No. FII~ 331830-0404116 11,456.2 5 100 Shares Common Stock, Idaho pa„~r Company, Certificate No. 126733 2,475.0 6 100 Shares Oalnnon Stock, Ohio ~~ . Certificate No. NYC324564 2,000.0 7 X5,000 City of New York ~ AI Hotyd 6.25$, 24 year bond, due l~il 15, 1995. Inrterest 5, 000.01 payable sue; A*+*+~~A T ly ~ peril 15 and October ~, Hearer Bond Certificate No. 2053. 1995t accrued ~ City of New York Bond thrtiugh March 17, 130.9! 8 x,000 Sayre Borough Hospital Authority, Hospital Revernie 5,000.0( n9 ~, Series of 1977, 6.9$, 25 year bond, due Novanber 1, 2002. Interest payable semiannually am May 1 and Nov~enlber 1, Certificate No. ~-3887. Interest Accrued ~ gayrn Hospital Authority Bond ~ Menh 17, 1995. 129.4. 9 X5,000 St. Iswrer<u~e Borough Authority (Barks County P~ennsYlvania), Sel~aer Revenue Bond Series of 1967, 4.75$, 40 year 5,000.00 1xxld, due Octaiber 1, 2007. Interest payable semi arn~n.3ally on April 1 and October 1. Certificate No. SR 95. Interest earned an St. Ial~ence Borough Authority (Harks Pennsylvania) Sewer Revue Bond ~tY. 109.32 ugh March 17, 1995. v Il~1VII~TIC~tY C~ Z4~ REAL AND PER9Q~I, ~~ PAiGE 2 Ji~iE E. ITEM N0. DESCAIPTION VALUE AT aTE o~ DEATH 10 X5,000 Southeastern Pennsylvania 7~ansportatiaun Authority, S,000.i ~~ Revernie Bond (Philadelphia Lease), aeries of 1968, Certificate No. 07001, 5.125$, 34 year bond, due Septenber 1~ 2002. Interest payable S~mianrn~1)y Cn Mauch 1 and ~ 1. Interest accrued aun Southeastern Pennsylvania 1'ranspartatiaun Autho=ity bound from March 1, 1995 date of death. 11.5 11 X5,000 Southeastern ~nnsYlvania lYsinssportation Authorf. Rental Re~vernie Bound (Philadel ' S, 000. C Certificate No. 07008, 5.125~~a fie)' Series of 1968, 2002. Interest , 34 year bond, due SeptHpbet 1~ payable seaiannually aun March i and Steer 1. Interest accrued an Southeastern Pennsylvania Transportation Authority bond from March 1, 1995 11.9 thznugh date of death. ~ x,000 Montgomery County ~q~ Education and Health Authority, - 5,000.0 of 19rt 8 6Y ~~' ~yl~'a, Hospital Revenue Bond, geri~ . Certificate No. 4272, 7.875$, 33 year bond, due on January 1r 2019. Interest payable 8~nianr„~mil - July 1. yon January 1 and Interest earned oun Montgomery County Higher Education and health ~ Authority bond from January 1, 1995 81.9. through date of death. 13 ;50 United States Savitu~s Bond, aeries EE, Certificate No. I0496765293EE. 50.0( I4 1 Unit Pe~u>ISylvania Insut~ed Municipal Bond Trvst, Fifth Series Quarterly dt~~~"it"~+-~;~ p,~,rn~ Certificate No. PI 5-1244. ' 706.4 Internet accrued aun the Pennsylvania Insured Municipal Bound Tivst, aeries 5, payable aun March 15, 1995 and s~eceived March 10.9„ I9, 1995. 15 X25,000.00 Pzrntissory Note dated February 15, 1992, Jeffry D. 25,000.00 Gar+drLer and SheQy F. Caner, as the Pte. 5128 S.E. 50th Struet' Olcl,ahacna City. D~clahoma 73135, bearing interest at the rate of 12$ annually, payable monthly in the amount of X358.68, aun the fifteenth day of each month. . 16 PatOMa~00 Loan t dated January 8, 1994, Ray Matson and bear tsan, as the ~ligors, Camp Hill, P~annsylvania 17011, 2.000.00 ing interest at the rate of 12~ ffi+*+-~~~Y. Payable monthly in the amoont of X100.00, on the fifteenth day of each month until ~ 15, 1996. II~Vy aF" ~ It'E~L AND P EST~ITE PAID 3 ~' JUNE E. ~ SI1~E PRII~IItIl~i DEE~RRED A~INITI'1'IFS: [~~_~, DESCRIPTION VALUE AT DATE of DEATH 19,136.9( 17 Single Premium Deferred Annuity, USG Annuity & Life Company, 604 locust str'ee't, Des Moines, Iowa 50309-3705, Policy No. Us-267357, Owner and Annuitant; Jfm~e E. 9leaffer; Beneficiary: Estate of June E. Shaeffer. 18 single Premium Deferred Annuity, USG Amity & Life Company, 604 IACUSt Street, Des Moines. Iowa 50309-3705, Policy No. US-049563, Owner and Annuitant: June E. Shaeffer; Beneficiary: Estate of June E. Shaeffer. 19 single Prenium Deferred Annuity, USG Annuity & Life Canpnny, 604 Locust t• Des amines, Iowa 50309-3705, Policy No. U5-150811, Owner and Annuitant: June E. Shaeffer; Beneficiary: Estate of Jhne E. Shaeffer. 20 Life & Annuity Canpany of America (PLACA) single pt'emium deferred annuity. policy manber 0204154970, cash surrender value. BAi~IIC AOOOIA1Ti5 21 Checking Accotuit, Daup,~ Deposit Bank and Tivst Company, 213 ~rlaet Street. ~'''"{= ~=- y, P~u~sylvania 17101, ac:co~unt X0038344106; account w®s owned jointly with the ~~ of surviwrshiP betwe~ Curt H. Zimmenr>enn and Jtme E. Shaeffer at her date of death; however, Curt Zimme~anarui renounced his joint interest in the account and returned the funds to the Estate shortly after June 9heaffer's death. accaued interest con the checJcing account thru the date of death. ~ MAY Market account, Harris Savings Bank, 635 North 12th street, Lemoyne, PA 17043, account X10-05-003354. act ~ an the ~'y ~'ket account ttrcu date of death. ~3 Money Marlaet Account, Vanguard Pennsylvania 7~tx-FSree Ftuyd, P.O. Box 2600, Valley Fozt3e, Pannsyl~a 19482_2600, axotmt #9878113146. 24 Personal. and miscellaneous p,~p~y located at decedent's residence at 3010 Dickinson Avenue, Camp N{17, PA. 18,600. L' 100,598.69 21,543.79 9,042.64 1.30 30,904.41 3.12 7,952.58 8,919.00 ~ IN~1~Y ~' ~ REAL AMID PaiSQ~IloIL ESTATE ~' JOi~ E. PACE 4 j~ I OE8CRIP170N I VAWE AT ou-Ta of asATM ~ 1984 Ford IlID Crown Victoria (ps/pub/pol/2dr.) (N.A.D.A. Blue Book Value) 26 Reimbursement received at aettlenent fos 1994-1995 School Deal Estate Taxes (period 6/8/95 - 7/1/95) for property located at 3019 Dickinson Avenue, Camp Hill, Oberland County, PA, Tax Parcel #OI-22-0533-153. 27 R~eimbtusement received at settlement for 1995 County/Bornugh Real Estate Taaoes (period 6/8/95 - 1/1/96) for property located at 3019 Dickinson Avenue, Camp Hill, C<mAberland County, PA, ~1ax Parcel #01-22-0533-3.53. 28 Reimbursement received at settlement for 1995 County/Borough Rea]. Estate Taxes (period 9/1/95 - 1/1/96) for property located at 3010 Dickinson Avenue, Camp Hill, Ctamber].and County, PA, Tax Parcel #01-22-0533-106 (lot) and Tax Parcel ~k01 22-0533-114 (~e)• 29 Reimb~azsenent received ~ settlement for 1994-1995 School Real Estate Taxes (period 9/1/95 - 7/1/96) for pzopezty located at 3010 Dickinson Avenue, Camp Hill, (~nberlarxi County, PA, Tax Parcel ~Ol-Z2-0533-106 (lot) and Tax Parcel ~k01-22-0533-114 (house). 30 Reimbursement received at settlene~nt for 1994-1995 School Real Estate Taxes (period 5/20/95 - 7/1/96) for property located at 3017 Dickinson Avenue, Camp Hill, Gt~mberlatxi County, PA, Tax Parcel ~O1-2Z-0533-153A. 31 Reimburse~aant received at settlement for 1995 County/Bozough Real Estate Taxes (period 5/20/95 - 1/1/96) for p~opezty located at 3017 Dickinson Avenue, Camp Hill, Gtmiberlarrl Co<uny, PA, Tax Parcel #01-22-0533-153A. 32 Annuity policy Ntaaber 7307686A', issued by John Alden Life Insurance Company, P'°st Office Box 020270, Miatmi, Florida.33102-0270, an October 6, 1992, Payable in monthly installments of X248.08 to decedent for life, then to deoedent•a estate for the duration of the armuity until October 6, 1997. Dot Pfd the entire cost of the ~~'.obtained from the 2,400.00 35.85 122.19 158.52 1,067.72 13.75 28.02 6,807.72 INVII~l~ty ~' ~ RF,AL AND pER.SCNAT, gTAZ'E ' ~' Jpl~ E. NQ DESCRIPTION 33 policy I~alber 0105008180, issued by Providentmutual Life and Annuity Company of America, 300 Continental drive, New®rk, Delaware 19713, an May 14, 1991, Payable in monthly installments of $874.15, to decedent for a tears certain of ~~ (8) Ye'~ (96 months), then to wt's estate for the x+emainder of the tear certain. FortY`s~ (46) monthly payments .were made prior to decedent's death, and fifty (50) p~eylnents remain to be paid after deced~t's o~the ~Decident paid entire cost tY• Value obtained from the issuing ronpeny. 34 Policy leanber 0105009760, issued by p~identrlutual Life and Annuity Company of America, 300 Continental ~~~ mark, Delar~aare 19713, on April 24, 1992, payable in nnnthly installments of $263.00, to decedent for a tens certain of five (5) Y~~ (60 moanttls), then to dened~t's estate for the remainder of the test oerta~. ~,~ {33) monthly paym,~~ r„~~ made prior to decedent-s death, and (27) payments remain to be paid after dec~edent•s death. Decedent Pfd entire cost of the annuity. Value obtained f~ the issuing , TO-rAL: YAWS AT DAr~ ~ DE~-ni 43,707.50 7,101.00 $379,207.66 G~ cx+ N ~NO. Q/4 047892 cc,.__noNWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE REV-1162 E%14-94) OFFICIAL RECEIPT • PENNSYLVANIA INHERITANCE AND ESTATE TAX RECEIVED FROM: ~ ACN ASSESSMENT -- _., - "' ~'''~ CONTROL - NUMBER ~._ GATES LOWELL R. - - -' bOn N. 12TH ST. ~ - ;! SUITE 2 _- _ -" -_-- -- LEMOYNE PA 17043-"""~ - FOLD HERE SSN 199-34-4734 Firing Date was on the ESTATE INFORMATION: © FILE NUMBER 21-1995-4243 © NAME OF DECEDENT (LAST) SHEAFFER JUNE E DATE OF PAYMENT © POSTMARK E REMARKS CURT H ZIP'-MERMANN SEAL CHECF<# 124 TA~PW`fER ~a 4 AMOUNT ~1 C FO. TOTAL AMOUNT PAID __ $26, 0__ qp, ~~ CW 7 RECEIVED $Y ~~7 . ,~Q~ < SIGN ~jP.E -:` MARY C . LEW I S -ter( REGISTER OF WILLS THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST TH~~ TR~_U_ST AGREEMENT is executed in triplicate on this I ) day of ,.i~{Jc,~t~.. _, 1995, by and between JUNE E. 3HEAFFE through her attorne R, by an Dickinson Avenue, y-in-fact, CURT H. ZIMMERMANN, now of 3010 Camp Hill, Cumberland County, Pennsylvania 17011 (hereinafter called "Settlor"), and PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., a Pennsylvania corporation with its principal office at 600 North 12th Street, Suite 4, Lemoyne, Cumberland County, Pennsylvania 17043 (hereinafter called "Trustee") . ARTICLE I. TRUST ESTATE 1.01. Initial Princit~al. Settlor, desiring to establish an irrevocable trust, does hereby irrevocably transfer, assign and deliver to the Trustee, and its successors and assigns, the assets listed on Schedule A attached hereto and made a part hereof. As further evidence of such assignment, Settlor has executed or will execute or cause to be executed such other instruments as may be required for the purpose of completing the assignment or transfer of title to such property to the Trustee. The Trustee accepts such transfer and assignment to itself as Trustee, and the Trustee undertakes to hold, manage, invest and reinvest the assets of this Trust and to distribute the income and principal of the Trust in accordance with the provisions of this Agreement. 1.02. Additional Principal. The Settlor and any other person(s) , with the consent of the Trustee, shall have the right at any time to make additions to the corpus of this Trust or any share thereof hereby established. All such additions shall be held, governed and distributed by the Trustee in accordance with the terms and conditions of this Agreement. ARTICLE II. IRREVOCABILITY OF TRUST 2.01. Irrevocability. Settlor has been advised of the consequences of an irrevocable trust and hereby declares that this Trust shall be irrevocable and shall not be altered, amended, revoked or terminated by Settlor or any other person(s). _ ARTICLE III. TRUST DISTRIBUTIONS 3.01. Trust Principal. The entire corpus of this Trust, including the assets initially transferred to this Trust, subsequent additions to this Trust and the proceeds of any sale, exchange or investment of such Trust assets, shall be used for the purposes herein contained. 3.02. Distributions During the Settlor's Lifetime. During the Settlor's lifetime, the Trustee shall distribute all of the net income of the Trust to, or for the benefit of, provided that if the Settlor should reside in a longeterm tcare facility for a period greater than thirty (30} days, then the Trustee shall discontinue all distributions of income to the Settlor and shall thereafter accumulate the Trust net income and add the net income to the Trust principal. The Trustee shall make no distributions of principal to, or for the benefit of, the Settlor. 3.03. Subsetrueat Distributions. Upon the Settlor's death, FIFTY PERCENT (50~) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, STANLEY SHEAFFER, and FIFTY PERCENT (50~) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, EDWARD L. SHEAFFER, in accordance with the terms set forth in Paragraph 3.03(A), below. If any of Settlor's children predecease the Settlor, then upon Settlor's death, the predeceased child's share of the remaining trust estate shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the predeceased child's issue in accordance with the terms set forth in Paragraph 3.03(B), below. (A) The separate trusts for the benefit of Settlor's children shall be held, administered and distributed as follows: (1) The Trustee shall pay to, or for the benefit of, each child all of the net income from the child's separate trust.. Payments of income shall be made in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (2) The Trustee shall pay to, or for the benefit of, each child as much of the principal from the child's separate trust as the Trustee, in its sole discretion, from time to time deems advisable for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child. (3) The Trustee is also authorized to make discretionary payments of principal from each child's separate trust for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child's issue. (4) Discretionary payments of principal from each child's separate trust are authorized to defray the expenses of illness or emergency affecting the child or the child's issue. Such payments shall either be paid to the child or the child's issue, or else applied directly 2 for their benefit by the Trustee. To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the beneficiary rather than directly to the beneficiary. (5) Upon the respective deaths of Settlor's children, the remaining estate of the deceased child's separate trust shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the deceased child's issue in accordance with the terms set forth in Paragraph 3.03(B), below. (B) The separate trusts established for the benefit of the respective issue of Settlor's children (each such issue herein referred to as the "Beneficiary") shall be held, administered and distributed as follows: (1) During the minority of each Beneficiary, which is defined as not having attained age twenty-two (22) , the Trustee shall accumulate any part or all of the net trust income or pay as much of the net trust income to, or for the benefit of, the Beneficiary as the Trustee, in its sole discretion, determines to be reasonably necessary for the Beneficiary's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). Any income not so paid shall be added to the principal of the Beneficiary's separate trust. To the extent possible, all payments of income shall be paid. directly to the third-party for the benefit of the Beneficiary rather than directly to the Beneficiary. (2) After the Beneficiary has attained the age of twenty-two (22) years, the Trustee shall pay all of the income to, or for the benefit of, the Beneficiary in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (3) The Trustee shall pay to, or for the benefit of, the Beneficiary, such sums from or any part or all of the principal as the Trustee may, in its sole discretion, determine to be reasonably necessary .for the Beneficiary's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the Beneficiary rather than directly to the Beneficiary. (4) The Trustee shall pay to, or for the benefit of, the Beneficiary, upon his/her attaining the age of 3 thirty (30), the entire principal of the Beneficiary~s separate trust remaining at that time. (5) Upon the death of a Beneficiary prior to his/her thirtieth (30th) birthday, the Trustee shall pay the remaining principal, if any, in equal shares to the Beneficiary~s then-living issue, or if the Beneficiary has no such issue, in equal shares, per capita, to the then-living issue of Settlor~s children, provided that any such distribution shall be added to the recipient s separate trust if a trust is then in existence. 3.04. Broad Special Power of Appointment. The Settlor, JUNE E. SHEAF'FER, is hereby granted the special power to a at any time and from time to time, the PPoint, whole or in part, and in any manner andpinnsuchl of this Trust, in deems advisable to whomever she desires. Th ps oportions as she exercisable by her Will, specifically referring to Pth is Paragraph 3.04. This special power of appointment does not grant to JUNE B. 3HEAFFER the power to appoint the principal of this trust to herself, her estate, her creditors or the creditors of her estate. If JUNE E. SHEAFFER fails, either in whole or in part, to exercise the special power of appointment herein granted, the unappointed principal shall continue in trust and shall be administered according to the terms of this Trust. ARTICLE IV. PO~PER3 OF TRUSTEE 4.01. General Powers. In addition to such other powers and duties as may have been granted elsewhere in this Trust, but subject to any limitations contained elsewhere in this Trust, the Trustee shall have the following powers and duties: (A) In the management, care and disposition of this Trust, the Trustee shall have the power to do all things and to execute such deeds, instruments, and other documents as may be deemed necessary and proper, including the following powers, all of which may be exercised without order of or report to any court: (1) To sell, exchange, or otherwise dispose of any property, real, personal or mixed, wheresoever located, at any time held or acquired hereunder, at public or private sale, for cash or on terms as may be determined by the Trustee, without advertisement, including the right to lease for any term notwithstanding the period of the Trust, and to grant options, including an option for a period beyond the duration of the Trust. (2) To invest all monies in such stocks, bonds, securities, investment companies or trust shares, mortgages, notes, choses in action, real estate, improvements thereon, and other property as the Trustee 4 may deem best , without regard to any law now or hereafter in force limiting investments of fiduciaries; except that the Trustee may not invest in any stock or securities issued by the corporate Trustee or issued by a parent or affiliate company of such Trustee. (3) To retain for investment any property deposited with the Trustee hereunder; except that the Trustee may not retain for investment any stock or securities in the corporate Trustee or in a parent or affiliate company of such Trustee. (4) To vote in person or by proxy any. corporate stock or other security and to agree to or take any other action in regard to any reorganization, merger, consolidation, liquidation, bankruptcy or other procedure or proceedings affecting any stock, bond, note or other security held by this Trust. (5) To use lawyers, real estate brokers, accountants and any other agents, if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Trust and to agree to any rescission or modification of any contact or agreement affecting the Trust. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging, pledging or conveying any property of the Trust, including the power to borrow from the Trustee (in the Trustees individual capacity) at a reasonable rate of interest. (8) To retain and carry on any business in which the Trust may acquire any interest, to acquire additional interests in any such business, to agree to the liquidation in kind of any corporation i~n which the Trust may have any interest and to carry on the business thereof, to join with other owners in adopting any form of management for any business or property in which the Trust may have an interest, to become or remain a partner, general or limited, in regard to any such business or property and to hold the stock or other securities as an investment, and to employ agents, and confer on them authority to manage and operate the business, property or corporation, without liability for the acts of any such agent of or for any loss, liability or indebtedness of such business if the management is selected or retained with reasonable care. 5 (9) To register any stock, bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity, but accurate records shall be maintained showing that the stock, bond. or other security is a trust asset and the Trustee shall be responsible for the acts of the nominee. (B) Whenever the Trustee is directed to distribute any trust principal in fee simple to a person who is then under twent (21) years of age, the Trustee shall be authorized to hold ysuch property in trust for such person until he becomes twenty-one (21) years of age, and in the meantime shall use such part of the income and the principal of the trust as the Trustee may deem necessary to provide for the proper support and education of such person in the standard of living to which he has become accustomed. If such person should die before becoming twenty-one (21) years of age, the property then remaining in trust shall be distributed to the personal representative of such person s, estate. (C) In making distributions from the Trust to or for the benefit of any minor or other person under a legal disability, the Trustee need not require the appointment of a guardian, but shall be authorized to pay or deliver the distribution to the custodian of such person, to pay or deliver the distribution to such person without the intervention of a guardian, to distribution to the le al PaY or deliver the already been a g guardian of such person if a guardian has ppointed, or to use the distribution for the benefit of such person. (D) In the distribution of the Trust and any division into separate trusts and shares, the Trustee shall be authorized to make the distribution and division in money or in kind or in both, regardless of the basis for income tax purposes of an distributed or divided in kind, and the distribution and division made and the values established by the Trustee shall be binding and conclusive on all persons taking. hereunder. The Trustee may in making such distribution or division allot undivided interests in the same property to several mists or shares. (E) If at any time after Settlor~s death the total fair market value of the assets of any trust established or to be established hereunder is so small that the corporate Trustees annual fee for administering the trust would be equal to or less that the minimum annual fee set forth in the Trustees regularly published fee schedule, then the Trustee in its discretion shall be authorized to terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such trust shall be distributed to the persons who are then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee, then the Trustee shall distribute 6 the property among such of the authorized to distribute income, and in such whom the Trustee is Trustee in its discretion shall determine, proportions, as the (F) The Trustee shall be authorized, to lend or borrow, including the right to lend to or borrow from the Settlor's estate, at an adequate rate of interest and with ade and upon such terms and conditions as the Trustee shall deemufair and equitable. (G) The Trustee shall be authorized to sell or purchase, at the fair market value as deterrttined by the Trustee, any property to or from Settlor~s estate or any trust created by Settlor during life or by will, even though the same person or co acting as executor of Settlor~s estate or as trustee of 1anymother such trusts and as the Trustee of this Trust. (H) The Trustee shall have discretion to determine whether items should be charged or credited to income or principal or allocated between income and principal as the Trustee may deem equitable and fair under all the circumstances, including the power to amortize or fail to amortize any part or all of any premium or discount, to treat any part or all of the profit resulting from the maturity or sale of any asset, whether purchased at a premium or at a discount, as income or principal or apportion the same between income and principal, to apportion the sales price of any asset between income and principal, to treat any dividend or other distribution on any investment as income or principal or to apportion the same between income or principal, to charge any expense against income or principal or apportion the same, and to provide or fail to provide a reasonable reserve against depreciation or obsolescence on any asset subject to depreciation or obsolescence, all as the Trustee may reasonably deem equitable and just under all of the circumstances. ARTICLE V. SPENDTHRIFT PROVISION 5.01• General Provision. No beneficiary shall have the power to anticipate, encumber or transfer his interest in the Trust Estate in any manner other than by the valid exercise of a power of appointment.. No part of the trust estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. ARTICLE VI. CONSTRUCTION OF TRUST 6.01. Choice of Law. This Trust shall be administered and interpreted in accordance with the laws of the Commonwealth of Pennsylvania. 6.02. Code. Unless otherwise stated, all references in 7 this Trust to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or corresponding provisions of any subsequent federal tax laws T rust. applicable to this 6.03. Other Terms. Unless the context otherwise re the use of one or more genders in the text includes all other genders, and the use of either the singular or the plural in the text includes both the singular and the plural. 6.04. Captions. The captions set forth in this Agreement at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. 6.05. Situs of Trust. The Trust shall have its legal situs in Cumberland County, Pennsylvania. ARTICLE VII. COMPF'N3ATION OF TRUSTEE AND APPOINTMENT OF SUCCESSOR TRUSTEE 7.01. Compensation. The Trustee shall receive as its compensation for the services performed hereunder that sum of money, based on an hourly charge or percentage rate, which the Trustee normally and customarily charges for performing similar services during the time in which it performs these services. 7.02. Removal or Resignation of Trustee. Settlor may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. After the Settlor~s death, a majority of the current income beneficiaries may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. The Trustee may resign at any time upon thirty (30) days written notice given to the Settlor if Settlor is living, or after the Settlor~s death, upon thirty (30) days written notice given to the current income beneficiaries, hereunder. Upon the removal or resignation of the Trustee, a successor trustee shall be appointed in accordance with the terms set forth in Paragraph 7.03, below. 7.03. Appointment of Successor Trustee. Upon the death, resignation, removal or incapacity of the Trustee, a successor trustee may be appointed by the Settlor during Settlor~s lifetime, or after Settlor~s death, by a majority of the current income beneficiaries. Any successor trustee thus appointed shall be a financially sound and competent corporate trustee. Any successor trustee, or if the Trustee shall merge with or be consolidated with another corporate fiduciary, then such corporate fiduciary, shall succeed to all the duties and powers, including discretionary powers, herein granted to the Trustee. 8 ARTICLE VIII. PERPETUITIES CLAUSE 8.01. General Provision. Notwithstanding anything to the contrary in this Trust, each disposition Settlor has made herein, legal or equitable, to the extent it can be referred in its postponement of becoming a vested interest to a duration measured by some life or lives in being at the time of Settlor~s death, is definitely to vest in interest, although not necessarily in possession, not later than twenty-one (21) years after such lives (and any period of gestation involved) ; or to the extent it caruiot be referred in any such postponement to such lives, is to so vest not later than twenty-one (21) years from the time of Settlor~s death. ARTICLE IX. ACQUISITION OF UNITED STATES TREASURY BONDS ELIGIBLE FOR TAX PAYMENT; PAYMENT OF TAXES, FUNERAL EXPENSES AND EXPENSES OF ADMINISTRATION 9.01. Acquisition of Bonds. The Trustee may, at any time, without the prior approval or direction of the Settlor and whether or not the Settlor is able to manage Settlor~s own affairs, acquire United States Treasury Bonds selling at a discount, which bonds are redeemable at their par value plus accrued interest thereon for the purposes of applying the proceeds to the payment of the United States estate tax on the Settlor~s estate; and the Trustee may borrow from any lender, including itself, with or without security, to so acquire these bonds. 9.02. Pavment of United States Estate Tax by Bond Redemption. The Settlor directs that any United States Treasury Bonds which may be redeemed at their par value plus accrued interest thereon for the purpose of applying the proceeds to the payment of the United States estate tax imposed on the Settlor~s estate, and which are held by the Trustee, shall, to the extent of the amount determined to be required for payment of the estate tax, be distributed to the legal representative of the Settlor~s estate to be used by the legal representative ahead of any other assets and to the fullest extent possible to pay the estate tax. 9.03. Pa1-ment of Death Taxes and Other Estate Settlement Costs. After the Trustee has complied with and has ascertained from the legal representativep that allbsuch bonds have been redeemed in payment of the United States estate tax, the Trustee shall also ascertain from the legal representative whether the legal representative has sufficient assets to remaining legacy, succession, inheritance, transfer, estate and other death taxes or duties (except the additional estate tax imposed by §2032 (c) , or corresponding provisions of the Internal Revenue Code of 1986 applicable to the Settlor~s estate and imposing the tax) levied or assessed against the Settlor~s estate (including all interest and penalties thereon), all of which taxes, 9 interest and penalties are hereafter referred to as the death taxes, interest and penalties. If the legal representative advises the Trustee that insufficient funds exist to pay all the death taxes, interest and penalties, the Trustee shall then pay to the legal representative from the trust property, an amount equal to all the death taxes, interest and penalties in excess of the funds available to the legal representative for this purposes, which payments are to be made without apportionment. In making the payments, the Trustee shall use only those assets or their proceeds which are includable in the Settlor's gross estate for purposes of the United States estate tax and shall not impair the marital portion without first exhausting the entire non-marital portion. If the Executor of the Settlor's estate, in such Executor's sole discretion, shall determine that appropriate assets of Settlor's estate are not available in sufficient amount to pay (1) the Settlor's funeral expenses, and (2) expenses of administering the Settlor's estate, the Trustee shall, upon the request of the Executor of the Settlor~s estate, contribute from the principal of the trust estate the amount of such deficiency; and in connection with any such action the Trustee shall rely upon the written statement of the Executor of the Settlor~s estate as to the validity and correctness of the amounts of any such expenses, and shall furnish funds to such Executor so as to enable such Executor to discharge the same, or to discharge any part of all thereof itself by making payment directly to the person entitled or claiming to be entitled to receive payment thereof. No consideration need be required by the Trustee from the Executor of Settlor~s estate for any disbursement made by the Trustee pursuant hereto, nor shall there be any obligation upon such Executor to repay to the Trustee any of the funds disbursed by it hereunder, and all amounts disbursed by the Trustee pursuant to the authority hereby conferred upon it shall be disbursed without any right in or duty upon the Trustee to seek or obtain contribution or reimbursement from any person or property on account of such payment. The Trustee shall not be responsible for the application of any funds delivered by it to the Executor of the Settlor's estate pursuant to the au~hority herein granted, nor shall the Trustee be subject to liability to any beneficiary hereunder on account of any payment made by it pursuant to the provisions hereof. IN WITNESS WHEREOF, the Settlor and Trustee have hereunto set their hands and seals as of the day and year first written above. WITNE39: r ~:_ 0 JUNE SHEAFFER, by and (REAL) through her attorney-in-fact, CURT H . Z INIlKERMANN 10 COMMONWEAL/T~H OF PENNSYLVANIA : COUNTY OF 1. (%M~~~1a~~ SS On this, the ~~ day of ..r.~, 1995, before me a Notary Public, the undersigned officer, ~- ' 3HEAFFER, by and through her attorne p rsonally appeared JUNE E. known to me Y-in-fact, CURT H. ZINIl~lE1ZMANN, (or satisfactorily proven) to be the person whose name is subscribed to the within Trust Agreement, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. o ary Pu is -- My Commis ion Expires: t~ic'.:~ialLeal Fr ~ ; :^aG:~, ~.t~p.,.iJf~its`£;C~.irtY A4•: C r:n.5.t~^ cxr~fd5 (a::. l x..995 lVi~~ ; r~~r. P ~ru syroa ~.a rL:::cuaii~n c. iVO;a. its The foregoi g Trust Agreement accepted, at G1 ,rrt~_ 1995. ' was delivered, and is hereby Pennsylvania, on ~ Lj PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., TRUSTEE .--~ RI ER ARTHUR-TR SSLER, VICE-P SIDENT AND TRUST OFFICER 11 SCHEDULE "A" SCHEDULE REFERRED TO IN THE ANNEXED TRUST AGREEMENT DATED: 1995 FROM JUNE E. 3HEAFFER, SETTLOR TO PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., TRUSTEE Property Description: 12 • ~ COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. _ x'15 - a4 3 FIRST AND FINAL ACCOUNT of COMMUNITY TRUST COMPANY, TRUSTEE for r ' ~~ = ` THE JUNE E. SHi~FFER FAMILY IRREVOCABLE TRUST = f/b/o EDWARD L. SHEAFFER, U/A Dated February 13,1995 ~~; • '.:=~ -, DATE OF TRUSTEE'S APPOINTMENT: February 13, 1995 "~ - z-= _,„ ORIGINAL FUNDING OF TRUST: March 17, 1995 ~ ~' i' ACCOUNTING FOR THE PERIOD: March 17, 2005 -to- Apri130, 2006 Purpose of Account: Community Trust Company, Trustee, offers this Account for the purpose of seeking approval by the Court of prior transactions, expenses, distributions and disbursements, and the Statement of Proposed Distribution. Important Notice: It is important that the Account be care y examined. Requests for additional information, or questions, or objections, can be sc>~ssed with or presented to the undersigned. i ` ..-,/ ~Z Lowell .Gates, Esquire Sup. C ID #46779 GATE , HALBRUNER & HATCH, P.C. 1013 Mumma Road, Suite 100 Lemoyne, PA 17043 Phone: (717) 731-9600 Fax: (717) 731-9627 Dated: May 17, 2006. ~" THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER U/A Dated February 13,1995 FIRST AND FINAL ACCOUNT PART ONE Covering the Period 03/17/1995 through 12/31/1995 • SUI~IlKARY OF ACCOUNT (Part One) The June E. Sheaffer Family Irrevocable Trust F/8/O Edward L. Sheaffer U/A Dated February 13, 1995 for Period 03/17/1995 through 12/31/1995 INCOME I. Beginning Balance - Income Cash PENFES Account Interest Received Southeastern PA 5.125$ Bond due 09/01/2002 - Bond Interest Received St. Lawrence Borough 4.75$ Bond due 10/01/2007 - Bond Interest Received Sayre Borough 6.9~ Bond due 11/01/2002 - Bond Interest Received Automated Government Money Market Fund - Interest Received Provident Mutual Annuities - Interest Received June E. Sheaffer Family Irrevocable Trust - Income Distributions TOTAL INCOME CASH RECEIPTS Trustees Fees: 03/17/95 through 12/31/95 To: Edward L. Shaeffer Cash Distributions of Income TOTAL INCOME CASH DISBURSEMENTS ENDING BALANCE - INCOME CASH PRINCIPAL: II Beginning Balance - Principal Cash Deposit Distributions Received from the June E. Shaeffer Family Irrevocable Trust TOTAL PRINCIPAL CASH RECEIPTS ENDING BALANCE - PRINCIPAL CASH TOTAL BALANCE PRINCIPAL AND INCOME 281.22 129.40 59.37 86.25 2,000.44 568.57 2,274.30 - 328.85 - 3,980.02 116,137.15 $ 0.00 5,399.55 - 4,308.87 $ 1,090.68 $ 0.00 116,137.15 $ 116,137.15 $117,227.83 • • CHRONOLOGICAL CASH ACCOUNT RECONCILIATION Sheaffer, June E. Irrevocable Trust FBO Edward Sheaffer For Period 03/17/95 Through 1/31/1995 Account balances at beginning of period Distribution from J. Sheaffer Trust Distribution from J. Sheaffer Trust $ 10,000.00 Distribution from J. Sheaffer Trust 30,000.00 10,000.00 Total cash at beginning of period $ 50,000.00 Receipts and disbursements during period 05/25/95 Deposit distribution received from the June E. Sheaffer Family Irrevocable Trust to the Pennfes interest bearing account. $ -10,000.00 05/25/95 Deposit distribution received from the June E. Sheaffer Family Irrevocable Trust to the Pennfes interest bearing account. 10,000.00 06/05/95 Trustee's fee for May, 1995 based on a market value of $20,050.00. -13.37 06/09/95 Interest received from the Pennfes Interest Bearing Account. 21.75 06/12/95 Deposit Distribution received from the June E. Sheaffer Family Irrevocable Trust to the Pennfes interest bearing account. 30,000.00 06/12/95 Deposit Distribution received from the June E. Sheaffer Family Irrevocable Trust to the Pennfes interest bearing account. -30,000.00 06/13/95 -Deposit distribution received from the June E. Sheaffer Family Irrevocable.Trust. -10,000.00 06/13/95 Deposit distribution received from the June E. Sheaffer Family Irrevocable Trust. 10,000.00 06/14/95 Purchased 30,000 shares of Automated Government Money Market Fund. -30,000.00 06/14/95 Purchased 30,000 shares of Automated Government Money Market Fund. 30,000.00 Page 1 • CHRONOLOGICAL CASH ACCOUNT RECONCILIATION Sheaffer, June E. Irrevocable Trust FBO Edward Sheaffer For Period 03/17/95 Through 6/20/95 Account balances at end of period ota receipts/disbursements -----__8.38 Account balances at end of period Pennfes Interest Bearing Account $ 20,008.38 Automated Gov't Money Market Fund 30,000.00 Total cash at end of period $ 50,008.38 Cash Reconciliation Cash at beginning of period $ 50,000.00 Net receipts/disbursements during period 8 38 Page 2 Cash at end of period $ 50,008.38 • • CHRONOLOGICAL CASH ACCOUNT RECONCILIATION Sheaffer, June E. Irrevocable Trust FBO Edward Sheaffer For Period 06/21/95 Through 06/30/95 Account balances at beginning of period Pennfes Interest Bearing Account Automated Gov't Money Market Fund Total cash at beginning of period Account balances at end of period Pennfes Interest Bearing Account Automated Gov't Money Market Fund Total cash at end of period Cash Reconciliation Cash at beginning of period Net receipts/disbursements during period Cash at end of period 20,008.38 30,000.00 $ 50,008.38 $ 20,008.38 30,000.00 $ 50,008.38 $ 50,008.38 0.00 $ 50,008.38 Page 1 • • June E. Sheaffer Trust FBO Edward L Sheaffer Date Description Amount Code 6/30/1995 Beginning Balance 50,008.38 7/8/1995 Interest received from the Pennfes Interest Bearing Account 42.89 P. Int. 7/9/1995 Interest received from Automated Government Money Market Fund through 06/30/95 147.32 AGMM 7/1/1995 Trustees Fee (18.76) 7/14/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 437.07 addition 7/14/1995 To: Edward Sheaffer (437.07) dist. 7/24/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 131.50 addition 7/24/1995 To: Edward Sheaffer (131.50) dist. 8/8/1995 Interest received from the Pennfes Interest Bearing Account 42.89 P. Int. 8/9/1995 Interest received from Automated Government Money Market Fund through 07/31/95 167.21 AGMM Aug-95 Trustees Fee (29.71) fee 8/21/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 437.08 addition 8/25/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 131.50 addition 8/25/1995 To: Edward Sheaffer (568.58) dist. 9/1 /1995 Interest received from Southeastern PA 5.125°/a Bond due 09/01/02 64.70 bond int. 9/1 /1995 Interest received from Southeastern PA 5.125% Bond due 09/01/02 64.70 bond int. 9/8/1995 Interest received from the Pennies Interest Bearing Account 42.89 P. Int. 9/9/1995 Interest received from Automated Government Money Market Fund through 08/31/95 187.10 AGMM 9/20/1995 Deposit Distribution received from the June 65,000.00 9/21/1995 E. Sheaffer Family Irrevocable Trust Sep-95 Trustees Fee (40.68) fee 9/15/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 437.07 addition 9/26/1995 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 131.50 addition 9/26/1995 To: Edward Sheaffer (568.57) dist. 115,678.93 ~NOLOGICAL CASH ACCOL'N Sheaffer, June E. Irrevocable T RECONC~ATION For Period 10/01/95 ThroughBl2/a1/9a Sheaffer Account balances at beginning of period Distribution from J. Sheaffer Trust Distribution from J. Sheaffer Trust Pennfes Interest Bearing Account Automated Gov't Money Market Fund Total cash at beginning of period Receipts and disbursements during period 10/02/95 Cash receipt of interest earned on St. Lawrence Borough 4.75%, due 10/01/07. 10/08/95 Interest received from the Pennfes Interest Bearing Account. 10/09/95 Interest received from Automated Government Money Market Fund through 09/30/95. 10/10/95 Trustee's Fee for September, 1995 based on a market value of $125,494.52. 11/02/95 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 11/02/95 Cash receipt of income distribution received from the June E. Sheaffer Family Irrevocable Trust. 11/02/95 To: Edward Sheaffer 11/02/95 Cash receipt of interest earned on Sayre Borough 6.9~, due 11/01/02. 11/08/95 Interest-received from Automated Government Money Market Fund through 10/31/95. 11/08/95 Trustee's fee-for October, 1995 based on a market value of $125,852.34. 11/08/95 Interest received from the Pennfes Interest Bearing Account. 11/28/95 To: Edward Sheaffer 12/08/95 Interest received from Automated Government Money Market Fund through 11/30/95. 12/08/95 Interest received from the Pennfes Interest Bearing Account. 568.58 568.57 20,678.93 95,000.00 $116,816.08 $ 59.37 X2.89 236.18 -75.25 -568.58 568.58 -568.58 86.25 426.08 -75.43 44.24 -568.57 413.39 43.67 Page 1 +' ~ ~NOLOGICAL CASH ACCOUNT RECON Sheaffer, June E. Irrevoc C~TION For Period 10/01/95 ThroughBl2/31/95 Sheaffer 12/21/95 Trustee's Fee for November, 1995 based on a Market Value of $126,289.24. 12/29/95 Cash receipt of interest earned on Provident Mutual Annuities. 12/29/95 To: Edward Sheaffer 12/31/95 Interest received from Automated Government Money Market Fund through 12/31/95. Total receipts/disbursements Account balances at end of period Pennfes Interest Bearing Account Automated Gov't Money Market Fund Total cash at end of period Cash Reconciliation Cash at beginning of period Net receipts/disbursements during period Cash at end of period $ -75.65 568.57 -568.57 423.16 411.75 $ 22,227.83 95,000.00 $117,227.83 $116,816.08 411.75 $117,227.83 Page 2 • • Sheaffer, June STATEMENT OF INVESTMENTS E. Irrevocable Trust FBO Edward Sheaffer Page 1 As of 6/20/95 Asset Fiduciary Fair Market Est. Annual Est. Port Acq. Cost Value Income Yield . Percen Pennfes Interest Bearing Account Automated Gov't Money Market Fu d 20,008.38 3 20,008.38 450.19 2.25% 33.31% n Sayre Borough 6.9%, 11/01/02 0,000.00 2 500.00 30,000.00 2 500 00 1,668.00 5.56% 49.95% Southeastern PA 5.125%, 09/01/02 , 2,525.00 , . 2 525 00 172.50 129 53 6.90% 4.16% Southeastern PA 5.125%, 09/01/02 St. Lawrence Bor. 4.75% 10/01/07 2,525.00 2 0 , . 2,525.00 . 129.53 5.13% 5.13% 4.20% 4.20% , ,5 0.00 ------ 2,500.00 118.75 4.75% 4.16% TOTAL --- 60,058.38 --------- 60 058.38 2,668.50 4.44% 100.00% • • THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER U/A Dated February 13,1995 FIRST AND FINAL ACCOUNT PART TWO Covering the Period 01/01/1996 through 04/30/2006 • • SUMMARY OF ACCOUNT (Part Two) The June E. Sheaffer Family Irrevocable Trust F/B/O Edward L. Sheaffer U/A Dated February 13, 1995 for Period January 1, 1996 - April 30, 2006 INCOME PAGE I. Beginning Balance - Income Cash Government Agencies Received 2 .50 Asset Sales and Transfers 2-16 40,586.36 Dividends Received 16-24 46,457.48 Capital Gains Received 24 689.30 Interest Received 25-27 2,583.94 Transfers to Income from Principal 27 452.79 TOTAL INCOME CASH RECEIPTS Asset Purchases From Income 27-36 -39,064.62 Fees Paid - General 36-39 -13,440.97 Income Distributions 39-44 -37,909.66 Taxes 44 - 283.50 TOTAL INCOME CASH DISBURSEMENTS ENDING BALANCE - INCOME CASH II. Beginning Balance - Principal Cash Capital Gains Received 96 12,955.75 Cash Additions 96 10,700.11 Contributions Received 47 57,731.17 Asset Sales and Transfers 47-56 451,075.19 Refunds 56 76.00 TOTAL PRINCIPAL CASH RECEIPT S Taxes 57-58 - 803.32 Asset Purchases and Transfers 58-60 -355,948.84 .Fees 60 - 3,333.07 Distributions of Principal 60-68 -134,772.94 Transfers from Principal To Income 68 - 452.79 Miscellaneous Disbursements 68-69 - 35,381.46 TOTAL PRINCIPAL CASH DISBURSEMENTS ENDING BALANCE - PRINCIPAL CASH $ 0.00 90,770.37 -90,698.75 $ 71.62 $ 0.00 532,538.22 -530,692.42 $ 1,845.80 • • Page -2- Summary of Account The June E. Sheaffer Family Irrevocable Trust F/B/O Edward L. Sheaffer III. Beginning Balance - Assets at Book Value Assets Purchased 395,013.46 Assets Contributed 40,065.59 TOTAL ASSET INCREASES Assets Sold -491,220.31 Assets Distributed -40,000.00 TOTAL ASSET DECREASES ENDING BALANCE - ASSETS $ 126,571.74 435,079.05 -531,220.31 $ 30,430.48 • Account Summary • COMMUNITY TRUST COMPANY Account #: 2100118 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 For dates 01/01/96 to 04/30/06 I. Beginning Balance -Income Cash 0.00 Received from Government Agencies 0.50 Asset Sales and Transfers 40,586.36 Dividends Received 46,457.48 Capital Gains Received 689.30 Interest Received 2,583.94 Transfers to Income from Principal 452.79 Total Income Cash Receipts 90,770.37 Asset Purchases and Transfers -39,064.62 Fees Paid -General -13,440.97 Income Distributions -37,909.66 Taxes -283.50 Total Income Cash Disbursements -90,698.75 Ending Balance -Income Cash 71.62 II. Beginning Balance -Principal Cash 0.00 Capital Gains Received 12,955.75 Cash Additions 10,700.11 Contributions Received 57,731.17 Asset Sales and Transfers 451,075.19 Refunds 76.00 Total Principal Cash Receipts 532,538.22 Taxes -803.32 Asset Purchases and Transfers -355,948.84 Fees -3,333.07 Distribution of Principal -134 772.94 Transfers from Principal to Income -452.79 Miscellaneous Disbursements -35,381.46 Total Principal Cash Disbursements -530,692.42 Ending Balance -Principal Cash 1,845.80 III. Beginning Balance -Assets at Book Value 126,571.74 Assets Purchased 395,013.46 Assets Contributed 40,065.59 Total Asset Increases 435,079.05 Assets Sold -491,220.31 Assets Distributed -40,000.00 Total Asset Decreases -531,220.31 Account Summary COMMUNITY TRUST COMPANY Account #: 2100118 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13!95 For dates 01/01/96 to 04/30/06 Ending Balance -Assets at Book Value 30,430.48 NIT'Y TRUST C O M P A N Y PERIODIC REPORT COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 01 /01 /1996 TO 04/30/2006 3907 Market Street Camp Hill, PA 17011 Telephone 717.731.9604 888.442.9604 Fax 717.737.7834 www.communitytrustco.com C ~~. C ~-- C- C REPORT OF ASSETS PAGE 1 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 AS OF 04/30/2006 Market Value Units Price 04/30/2006 Book Value BONDS U.S. GOVT & AGENCY OBLIGATIONS 1. FEDERATED INCOME TRUST FUND #36 TOTAL BONDS STOCKS MUTUAL FUNDS 2. FED STOCK TRUST FUND #019 3. FED MID-CAP FUND #151 TOTAL STOCKS 1,556 10.0600 15,651.60 15,651.60 364 32.4400 200 24.1000 TOTAL INVESTMENTS "INCOME CASH ON HAND "PRINCIPAL CASH ON HAND TOTAL ASSETS TOTAL CASH: 1,917.42 "` Income and principal cash are held in FEDERATED GOVT OBLIGATIONS FD #395 Interest rate as of 04/30/06 is 4.38376 percent. 15,651.60 15,651.60 11,797.75 11,498.05 4,819.42 3,280.83 16,617.17 14,778.88 32,268.77 30,430.48 71.62 71.62 1.845.80 1, 845.80 34,186.19 32,347.90 • REPORT OF I NCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 BEGINNING BALANCE ~~~~~~~-~---~-- INCOME CASH RECEIPTS ~~~~~--~~~~~~~~ 1. RECEIVED FROM GOVERNMENT AGENCIES State Income Tax Refund 06/14/2004 FIDUCIARY TAX REFUND; TAX YEAR 2003 Total State Income Tax Refund TOTAL RECEIVED FROM GOVERNMENT AGENCIES 2. ASSET SALES AND TRANSFERS Sale of an Income Asset COMMERCE BANK PAGE 2 0.00 50 50 .50 07/31/1996 Sold 1,521.74 units at 1.00 1,521.74 Purchased 10/08/1996 No gain or loss 10/15/1996 Sold 146.63 units at 1.00 146.63 Purchased 10/08/1996 No gain or loss 11/04/1996 Sold 448.74 units at 1.00 448.74 Purchased 10/08/1996 No gain or loss 11/04/1996 Sold 23.45 units at 1.00 23.45 Purchased 10/09/1996 No gain or loss 11/11/1996 Sold 146.51 units at 1.00 146.51 Purchased 11/06/1996 No gain or loss 12/02/1996 Sold 614.81 units at 1.00 614.81 Purchased 11/08/1996 No gain or loss 12/02/1996 Sold 20.37 units at 1.00 20.37 Purchased 11/08/1996 No gain or loss 12/10/1996 Sold 141.64 units at 1.00 141.64 Purchased 12/06/1996 No gain or loss REPORT OF INCOME CA~ PAGE 3 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04!30/2006 01/03/1997 Sold 467.42 units at 1.00 467.42 Purchased 12/06/1996 No gain or loss 01/03/1997 Sold 7.32 units at 1.00 7.32 Purchased 12/09/1996 No gain or loss 01/09/1997 Sold 146.11 units at 1.00 146.11 Purchased 01/07/1997 No gain or loss 01/30/1997 Sold 500.85 units at 1.00 500.85 Purchased 01/07/1997 No gain or loss 03/03/1997 Sold 505.93 units at 1.00 505.93 Purchased 02/08/1997 No gain or loss 03/11/1997 Sold 145.71 units at 1.00 145.71 Purchased 03/04/1997 No gain or loss 03/31/1997 Sold 544.05 units at 1.00 544.05 Purchased 03/06/1997 No gain or loss 03/31/1997 Sold 18.68 units at 1.00 18.68 Purchased 03/08/1997 No gain or loss 04/10/1997 Sold 144.46 units at 1.00 144.46 Purchased 04/02/1997 No gain or loss 04/30/1997 Sold 528.74 units at 1.00 528 74 Purchased 04/08/1997 No gain or loss 05/12/1997 Sold 145.41 units at 1.00 145.41 Purchased 05/07/1997 No gain or loss 05/30/1997 Sold 512.44 units at 1.00 512.44 Purchased 05/07/1997 No gain or loss 06/09/1997 Sold 146.43 units at 1.00 146.43 Purchased 06/05/1997 No gain or loss O REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 06/30/1997 Sold 878.65 units at 1.00 878.65 Purchased 06/05/1997 No gain or loss 07/09/1997 Sold 147.2 units at 1.00 147.20 Purchased 07/07/1997 No gain or loss 07/31/1997 Sold 426.67 units at 1.00 426 67 Purchased 07/07/1997 . No gain or loss 08/12/1997 Sold 144.1 units at 1.00 144 10 Purchased 07/31/1997 . No gain or loss 08/29/1997 Sold 430.11 units at 1.00 430.11 Purchased 08/06/1997 No gain or loss 09/11/1997 Sold 144.07 units at 1.00 144.07 Purchased 08/31/1997 No gain or loss 09/30/1997 Sold 995.16 units at 1.00 995.16 Purchased 09/08/1997 No gain or loss 10/10/1997 Sold 143.75 units at 1.00 143.75 Purchased 09/30/1997 No gain or loss 10/30/1997 Sold 478.14 units at 1.00 478.14 Purchased 10/07/1997 No gain or loss 11/12/1997 Sold 143.75 units at 1.00 143.75 Purchased 10/31/1997 No gain or loss 12/01/1997 Sold 521.32 units at 1.00 521.32 Purchased 11/06/1997 No gain or loss 12/10/1997 Sold 142.95 units at 1.00 142 95 Purchased 11/30/1997 . No gain or loss 12/30/1997 Sold 419.04 units at 1.00 419 04 Purchased 12/05/1997 . No gain or loss PAGE 4 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01/13/1998 Sold 135.84 units at 1.00 Purchased on multiple dates No gain or loss 01/30/1998 Sold 846.11 units at 1.00 Purchased on multiple dates No gain or loss 02/11/1998 Sold 137.06 units at 1.00 Purchased on multiple dates No gain or loss 03/02/1998 Sold 382.65 units at 1.00 Purchased 02/10/1998 No gain or loss 03/11/1998 Sold 137.46 units at 1.00 Purchased on multiple dates No gain or loss 03/30/1998 Sold 883.18 units at 1.00 Purchased on multiple dates No gain or loss 04/10/1998 Sold 136.94 units at 1.00 Purchased on multiple dates No gain or loss 05/01/1998 Sold 432.96 units at 1.00 Purchased 04/07/1998 No gain or loss 05/11/1998 Sold 137.05 units at 1.00 Purchased 04/30/1998 No gain or loss 06/02/1998 Sold 455.12 units at 1.00 Purchased 05/08/1998 No gain or loss 06/08/1998 Sold 137.53 units at 1.00 Purchased 06/08/1998 No gain or loss 06/30/1998 Sold 771.64 units at 1.00 Purchased 06/08/1998 No gain or loss 07/08/1998 Sold 137.24 units at 1.00 Purchased 06/30/1998 No gain or loss 135.84 846.11 137.06 382.65 137.46 883.18 136.94 432.96 137.05 455.12 137.53 771.64 137.24 PAGE 5 • REPORT OF INCOME CA~ PAGE 6 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 07/31/1998 Sold 352.32 units at 1.00 352 32 Purchased 07/08/1998 . No gain or loss 08/10/1998 Sold 131.12 units at 1.00 131 12 Purchased 07/31/1998 . No gain or loss 08/31/1998 Sold 367.37 units at 1.00 367 37 Purchased 08/07/1998 . No gain or loss 09/17/1998 Sold 122.46 units at 1.00 122.46 Purchased 08/31/1998 No gain or loss 10/09/1998 Sold 873.09 units at 1.00 873.09 Purchased 09/09/1998 No gain or loss 10/13/1998 Sold 125.02 units at 1.00 125.02 Purchased 09/15/1998 No gain or loss 10/30/1998 Sold 307.29 units at 1.00 307.29 Purchased 09/29/1998 No gain or loss 11/10/1998 Sold 124.23 units at 1.00 124.23 Purchased 10/31/1998 No gain or loss 11/30/1998 Sold 331.69 units at 1.00 331.69 Purchased 10/31/1998 No gain or loss 12/30/1998 Sold 691.52 units at 1.00 691 52 Purchased 11/30/1998 . No gain or loss 01/25/1999 Sold 119.15 units at 1.00 119.15 Purchased 12/31/1998 No gain or loss 01/29/1999 Sold 306.22 units at 1.00 306 22 Purchased 12/31/1998 . No gain or loss 02/12/1999 Sold 114.54 units at 1.00 114 54 Purchased 01/29/1999 . No gain or loss REPORT OF INCOME CA~ PAGE 7 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 02/26/1999 Sold 273.83 units at 1.00 273.83 Purchased 01/29/1999 No gain or loss 03/15/1999 Sold 114.12 units at 1.00 114 12 Purchased 02/28/1999 . No gain or loss 03/30/1999 Sold 802.84 units at 1.00 802 84 Purchased 02/28/1999 . No gain or loss 04/12/1999 Sold 111.13 units at 1.00 111.13 Purchased 03/31/1999 No gain or loss 04/29/1999 Sold 272.12 units at 1.00 272 12 Purchased 03/31/1999 No gain or loss 05/12/1999 Sold 111.48 units at 1.00 111.48 Purchased 04/30/1999 No gain or loss 05/27/1999 Sold 352.03 units at 1.00 352.03 Purchased 05/10/1999 No gain or loss 06/10/1999 Sold 107.09 units at 1.00 107.09 Purchased 05/31/1999 No gain or loss 06/30/1999 Sold 204.17 units at 1.00 204.17 Purchased 05/31/1999 No gain or loss 07/06/1999 Sold 107.05 units at 1.00 107.05 Purchased 05/31/1999 No gain or loss 07!26/1999 Sold 702.73 units at 1.00 702.73 Purchased 05/31/1999 No gain or loss 08/11/1999 Sold 105.68 units at 1.00 105.68 Purchased 07/31/1999 No gain or loss 08/30/1999 Sold 293.15 units at 1.00 293 15 Purchased 07/31/1999 . No gain or loss • REPORT OF INCOME CA~ PA GE 8 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/09/1999 Sold 106.84 units at 1.00 106 84 Purchased 08/31/1999 . No gain or loss 09/27/1999 Sold 275.58 units at 1.00 275.58 Purchased 08/31/1999 No gain or loss 10/06/1999 Sold 106.24 units at 1.00 106.24 Purchased 09/28/1999 No gain or loss 10/28/1999 Sold 650.84 units at 1.00 650.84 Purchased 09/28/1999 No gain or loss 11/09/1999 Sold 106.11 units at 1.00 106.11 Purchased 10/31/1999 No gain or loss 11/30/1999 Sold 239.29 units at 1.00 239.29 Purchased 10/31/1999 No gain or loss 12/10/1999 Sold 105.86 units at 1.00 105.86 Purchased 11/30/1999 No gain or loss 12/29/1999 Sold 289.39 units at 1.00 289.39 Purchased 12/07/1999 No gain or loss 01/10/2000 Sold 94.22 units at 1.00 94 22 Purchased 12/28/1999 No gain or loss 02/03/2000 Sold 610.83 units at 1.00 610.83 Purchased 12/28/1999 No gain or loss 02/11/2000 Sold 92.52 units at 1.00 92 52 Purchased 01/11/2000 No gain or loss 02/29/2000 Sold 170.26 units at 1.00 170.26 Purchased 02/08/2000 No gain or loss 03/15/2000 Sold 91.45 units at 1.00 91.45 Purchased 02/29/2000 No gain or loss • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/03/2000 Sold 647.97 units at 1.00 647.97 Purchased 03/07/2000 No gain or loss 04/12/2000 Sold 64.06 units at 1.00 64.06 Purchased 03/28/2000 No gain or loss 05/01/2000 Sold 116.61 units at 1.00 116.61 Purchased 04/10/2000 No gain or loss 05/09/2000 Sold 92.52 units at 1.00 82.52 Purchased 04/10/2000 No gain or loss 05/15/2000 Sold 90.75 units at 1.00 90.75 Purchased 04/10/2000 No gain or loss 05/25/2000 Sold 183.69 units at 1.00 183.69 Purchased 05/08/2000 No gain or loss 06/08/2000 Sold 85.68 units at 1.00 85.68 Purchased 05/31/2000 No gain or loss 06/30/2000 Sold 595.13 units at 1.00 595.13 Purchased 06/06/2000 No gain or loss 07/12/2000 Sold 86.36 units at 1.00 86.36 Purchased 06/30/2000 No gain or loss 07/31/2000 Sold 180.95 units at 1.00 180.95 Purchased 07/10/2000 No gain or loss 08/14/2000 Sold 84.99 units at 1.00 84.99 Purchased 07/31/2000 No gain or loss 08/31/2000 Sold 181.64 units at 1.00 181.64 Purchased 08/08/2000 No gain or loss 09/11/2000 Sold 85.62 units at 1.00 85.62 Purchased 08/31/2000 No gain or loss PAGE 9 REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/29/2000 Sold 587.14 units at 1.00 Purchased 09/08/2000 No gain or loss 10/12/2000 Sold 83.78 units at 1.00 Purchased 09/30/2000 No gain or loss 10/31/2000 Sold 173.69 units at 1.00 Purchased 10/11/2000 No gain or loss 11/08/2000 Sold 83.42 units at 1.00 Purchased 10/31/2000 No gain or loss 11/30/2000 Sold 180.53 units at 1.00 Purchased 11/07/2000 No gain or loss 12/12/2000 Sold 81.62 units at 1.00 Purchased 11/30/2000 No gain or loss 12/29/2000 Sold 546.23 units at 1.00 Purchased 12/07/2000 No gain or loss 01/10/2001 Sold 82.07 units at 1.00 Purchased 12/31/2000 No gain or loss 01/31/2001 Sold 137.84 units at 1.00 Purchased 01/09/2001 No gain or loss 02/09/2001 Sold 83.6 units at 1.00 Purchased 01/31/2001 No gain or loss 02/28/2001 Sold 185.35 units at 1.00 Purchased 02/05/2001 No gain or loss 03/13/2001 Sold 80.54 units at 1.00 Purchased 02/28/2001 No gain or loss 03/30/2001 Sold 379.83 units at 1.00 Purchased 03/06/2001 No gain or loss 587.14 83.78 173.69 83.42 180.53 81.62 546.23 82.07 137.84 83.60 185.35 80.54 379.83 PAGE 10 • REPORT OF INCOM E CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/11/2001 Sold 78.41 units at 1.00 Purchased 03/31/2001 No gain or loss 04/30/2001 Sold 187.58 units at 1.00 Purchased 04/06/2001 No gain or loss 05/09/2001 Sold 79.91 units at 1.00 Purchased 04/30/2001 No gain or loss 05/31/2001 Sold 183.99 units at 1.00 Purchased 05/07/2001 No gain or loss 06/14/2001 Sold 79.77 units at 1.00 Purchased 05/31/2001 No gain or loss 06/29/2001 Sold 346.44 units at 1.00 Purchased 06/05/2001 No gain or loss 07/13/2001 Sold 78.9 units at 1.00 Purchased 06/30/2001 No gain or loss 07/31/2001 Sold 179.31 units at 1.00 Purchased 07/02/2001 No gain or loss 08/10/2001 Sold 78.97 units at 1.00 Purchased 07/31/2001 No gain or loss 08/30/2001 Sold 173.75 units at 1.00 Purchased 08/01/2001 No gain or loss 09/13/2001 Sold 77.95 units at 1.00 Purchased 08/31/2001 No gain or loss 10/01/2001 Sold 242.82 units at 1.00 Purchased 09/04/2001 No gain or loss 10/11/2001 Sold 74.3 units at 1.00 Purchased 09/25/2001 No gain or loss 78.41 187.58 79.91 183.99 79.77 346.44 78.90 179.31 78.97 173.75 77.95 242.82 74.30 PAGE 11 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR F60 EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 10/31/2001 Sold 170.6 units at 1.00 170.60 Purchased 10/01/2001 No gain or loss 11/13/2001 Sold 74.82 units at 1.00 74.82 Purchased 10/31/2001 No gain or loss 11/30/2001 Sold 156.71 units at 1.00 156.71 Purchased 11/01/2001 No gain or loss 12/14/2001 Sold 76.68 units at 1.00 76.68 Purchased 11/30/2001 No gain or loss 12/31/2001 Sold 208.78 units at 1.00 208.78 Purchased 12/03/2001 No gain or loss 01/22/2002 Sold 104.17 units at 1.00 104.17 Purchased 12/31/2001 No gain or loss 01/31/2002 Sold 94.05 units at 1.00 94.05 Purchased 01/02/2002 No gain or loss 02/21/2002 Sold 104.17 units at 1.00 104.17 Purchased 01/31/2002 No gain or loss 02/28/2002 Sold 95.19 units at 1.00 95.19 Purchased 02/01/2002 No gain or loss 03/15/2002 Sold 104.17 units at 1.00 104.17 Purchased 02/28/2002 No gain or loss 03/29/2002 Sold 91.13 units at 1.00 91.13 Purchased 03/01/2002 No gain or loss 04/11/2002 Sold 104.17 units at 1.00 104.17 Purchased 03/28/2002 No gain or loss 04/15/2002 Sold 5.8 units at 1.00 5.80 Purchased 04/01/2002 No gain or loss PAGE 12 • REPORT OF INCOME CA~ PAGE 13 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/30/2002 Sold 163.94 units at 1.00 163.94 Purchased 04/01/2002 No gain or loss 05/15/2002 Sold 104.17 units at 1.00 104.17 Purchased 04/30/2002 No gain or loss 05/31/2002 Sold 84.86 units at 1.00 84.86 Purchased 05/01/2002 No gain or loss 06/18/2002 Sold 104.17 units at 1.00 104.17 Purchased 05/31/2002 No gain or loss 06/28/2002 Sold 83.77 units at 1.00 83.77 Purchased 06/03/2002 No gain or loss 07/22/2002 Sold 104.17 units at 1.00 104.17 Purchased 06/28/2002 No gain or loss 07/30/2002 Sold 165.14 units at 1.00 165.14 Purchased 07/01/2002 No gain or loss 08/14/2002 Sold 104.17 units at 1.00 104.17 Purchased 07/31/2002 No gain or loss 08/30/2002 Sold 85.81 units at 1.00 85.81 Purchased 08/01/2002 No gain or loss 09/11/2002 Sold 104.17 units at 1.00 104.17 Purchased 08/31/2002 No gain or loss 09/30/2002 Sold 177.2 units at 1.00 177.20 Purchased 09/03/2002 No gain or loss 10/15/2002 Sold 104.17 units at 1.00 104.17 Purchased 10/01/2002 No gain or loss 10/31/2002 Sold 90.08 units at 1.00 90.08 Purchased 10/01/2002 No gain or loss R EPORT OF INCOME CAS COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 11/13/2002 Sold 104.17 units at 1.00 104.17 Purchased 11/01/2002 No gain or loss 11/29/2002 Sold 81.03 units at 1.00 81.03 Purchased 11/01/2002 No gain or loss 12/16/2002 Sold 104.17 units at 1.00 104.17 Purchased 12/02/2002 No gain or loss 12/31/2002 Sold 269.56 units at 1.00 269.56 Purchased 12/02/2002 No gain or loss 02/07/2003 Sold 104.17 units at 1.00 104.17 Purchased 01/02/2003 No gain or loss 02/14/2003 Sold 104.17 units at 1.00 104.17 Purchased 02/03/2003 No gain or loss 02/28/2003 Sold 48.64 units at 1.00 48.64 Purchased 02/03/2003 No gain or loss 03/13/2003 Sold 104.17 units at 1.00 104.17 Purchased 03/03/2003 No gain or loss 03/28/2003 Sold 181.32 units at 1.00 181.32 Purchased 03/03/2003 No gain or loss 04/11/2003 Sold 104.17 units at 1.00 104.17 Purchased 04/01/2003 No gain or loss 04/15/2003 Sold 39.17 units at 1.00 39.17 Purchased 04/01/2003 No gain or loss 04/30/2003 Sold 23.11 units at 1.00 23.11 Purchased 04/01/2003 No gain or loss 05/13/2003 Sold 104.17 units at 1.00 104.17 Purchased 05/02/2003 No gain or loss PAGE 14 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 05/30/2003 Sold 58.73 units at 1.00 58.73 Purchased 05/02/2003 No gain or loss 06/11/2003 Sold 104.17 units at 1.00 104.17 Purchased 06/02/2003 No gain or loss 06/30/2003 Sold 167.59 units at 1.00 167.59 Purchased 06/02/2003 No gain or loss 07/14/2003 Sold 104.17 units at 1.00 104.17 Purchased 07/01/2003 No gain or loss 07/31/2003 Sold 44.48 units at 1.00 44.48 Purchased 07/01/2003 No gain or loss 08/13/2003 Sold 104.17 units at 1.00 104.17 Purchased 08/01/2003 No gain or loss 08/28/2003 Sold 42.42 units at 1.00 42.42 Purchased 08/01/2003 No gain or loss 09/15/2003 Sold 104.17 units at 1.00 104.17 Purchased 09/02/2003 No gain or loss 09/30/2003 Sold 44.43 units at 1.00 44.43 Purchased 09/02/2003 No gain or loss 10/16/2003 Sold 104.17 units at 1.00 104.17 Purchased 09/26/2003 No gain or loss 10/31/2003 Sold 167.9 units at 1.00 167.90 Purchased 09/26/2003 No gain or loss 11/12/2003 Sold 104.17 units at 1.00 104.17 Purchased 11/03/2003 No gain or loss 12/12/2003 Sold 104.17 units at 1.00 104.17 Purchased 11/03/2003 No gain or loss PAGE 15 REPORT OF INCOME CA~ PAGE 1 6 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 12/30/2003 Sold 86.54 units at 1.00 86.54 Purchased 12/01/2003 No gain or loss 01/12/2004 Sold 104.17 units at 1.00 104.17 Purchased 12/26/2003 No gain or loss 01/30/2004 Sold 173.99 units at 1.00 173.99 Purchased 12/26/2003 No gain or loss 02/12/2004 Sold 104.17 units at 1.00 104.17 Purchased 02/02/2004 No gain or loss 02/27/2004 Sold 64.25 units at 1.00 64.25 Purchased 02/02/2004 No gain or loss 03/10/2004 Sold 104.17 units at 1.00 104.17 Purchased 03/01/2004 No gain or loss 03/29/2004 Sold 158.42 units at 1.00 158.42 Purchased 03/01/2004 No gain or loss 04/07/2004 Sold 167.42 units at 1.00 167.42 Purchased 04/01/2004 No gain or loss 06/15/2004 Sold .5 units at 1.00 .50 Purchased 06/14/2004 No gain or loss Total Sale of an Income Asset 40,586.36 TOTAL ASSET SALES AND TRANSFERS 40,586.36 3. DIVIDENDS RECEIVED Dividend Receipt FED STOCK TRUST FUND #019 12/31/2001 .07/SH ON 913.12 SHS 63 92 03/28/2002 .068/SH ON 913.12 SHS . 62 09 06/28/2002 .068/SH ON 913.12 SHS . 62 09 09/25/2002 .073/SH ON 913.12 SHS . 66 66 12/26/2002 .095/SH ON 913.12 SHS . 86 75 03/25/2003 .104/SH ON 913.12 SHS . 94 96 06/25/2003 .104/SH ON 913.12 SHS . 94.96 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/25/2003 .116/SH ON 913.12 SHS 105.92 12/26/2003 .108/SH ON 913.12 SHS 98,62 03/25/2004 .098/SH ON 826.52 SHS 81.00 06/25/2004 .098/SH ON 826.52 SHS 81.00 09/27/2004 .108/SH ON 767.64 SHS 82.91 12/28/2004 .15/SH ON 767.64 SHS 115.15 03/28/2005 .113/SH ON 767.64 SHS 86,74 06/27/2005 .113/SH ON 684.447 SHS 77.34 09/27/2005 .113/SH ON 684.447 SHS 77.34 12/28/2005 .128/SH ON 828.075 SHS 105.98 03/27/2006 .087/SH ON 828.075 SHS 72.05 FEDERATED INCOME TRUST FUND #36 04/08/1997 70.62 05/08/1997 193.52 06/05/1997 194.72 07/08/1997 194.14 08/06/1997 197.80 09/08/1997 196.97 10/07/1997 198.80 11 /06/1997 204.89 12/05/1997 200.49 01/08/1998 192.55 02/10/1998 183.97 03/06/1998 178.72 04/07/1998 181.69 05/08/1998 181.03 06/08/1998 181.17 07/08/1998 176.37 08/07/1998 180.67 09/09/1998 179.73 10/06/1998 185.05 11 /09/1998 176.20 12/08/1998 174.14 01 /12/1999 195.80 02/08/1999 183.34 03/09/1999 175.34 04/08/1999 188.25 05/10/1999 188.73 06/08/1999 213.91 07/08/1999 220.37 08/10/1999 213.42 09/08/1999 202.72 10/08/1999 200.88 11 /08/1999 195.85 11 /30/1999 184.38 12/31 /1999 178.23 01 /31 /2000 175.76 02/29/2000 181.68 03/31 /2000 187.14 04/30/2000 189.87 05/31 /2000 191.36 06/30/2000 193.27 PAGE 17 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 07/31 /2000 08/31 /2000 09/30/2000 10/31 /2000 11 /30/2000 12/31 /2000 01 /31 /2001 02/28/2001 03/31 /2001 04/30/2001 05/31 /2001 06/30/2001 07/31 /2001 08/31 /2001 09/30/2001 10/31 /2001 11 /30/2001 12/31 /2001 01 /31 /2002 02/28/2002 03/31 /2002 04/30/2002 05/31 /2002 06/30/2002 07/31 /2002 08/31 /2002 09/30/2002 10/31 /2002 11 /30/2002 12/31 /2002 01/31/2003 02/28/2003 03/31 /2003 04/30/2003 05/31 /2003 06/30/2003 07/31 /2003 08/31 /2003 09/30/2003 10/31 /2003 11 /30/2003 12/31 /2003 01 /31 /2004 02/29/2004 03/31 /2004 04/30/2004 05/31 /2004 06/30/2004 07/31 /2004 08/31 /2004 09/30/2004 10/31 /2004 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 192.02 187.50 186.29 192.52 171.64 170.80 163.89 163.80 164.56 164.10 163.12 161.88 156.03 153.27 153.97 143.96 112.50 109.11 112.96 112.36 107.47 106.09 106.64 106.89 108.12 113.20 113.29 104.24 102.05 93.53 82.49 86.56 85.49 81.94 78.59 71.00 68.94 70.95 72.91 79.48 80.73 85.36 90.05 87.55 90.91 84.89 83.35 83.17 82.60 74.95 71.42 73.96 PAGE 18 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 11 /30/2004 71.67 12/31 /2004 70.99 01 /31 /2005 73.85 02/28/2005 74.34 03/31 /2005 73.43 04/30/2005 72 69 05/31 /2005 66.86 06/30/2005 63.05 07/31 /2005 62.85 08/31 /2005 64.38 09/30!2005 62.44 10/31 /2005 62.00 11 /30/2005 64.66 12/31 /2005 64.13 01 /31 /2006 63.72 02/28/2006 65.12 03/31 /2006 64.88 04/30/2006 64.58 FED MID-CAP FUND #151 12/31/2001 .03/SH ON 821.89 SHS 24.66 03/28/2002 .026/SH ON 821.89 SHS 21.37 06/28/2002 .023/SH ON 821.89 SHS 18.90 09/25/2002 .024/SH ON 821.89 SHS 19.73 12/26/2002 .028/SH ON 821.89 SHS 23.01 03/25/2003 .028/SH ON 821.89 SHS 23.01 06/25/2003 .025/SH ON 821.89 SHS 20.55 09/25/2003 .025/SH ON 595.39 SHS 14.88 12/26/2003 .026/SH ON 595.39 SHS 15.48 03/25/2004 .027/SH ON 595.39 SHS 16.08 06/25/2004 .031/SH ON 595.39 SHS 18.46 09/27/2004 .035/SH ON 595.39 SHS 20.84 12/28/2004 .045/SH ON 595.39 SHS 26.79 03/28/2005 .044/SH ON 595.39 SHS 26.20 06/27/2005 .044/SH ON 595.39 SHS 26.20 09/27/2005 .053/SH ON 595.39 SHS 31.56 12/28/2005 .099/SH ON 622.819 SHS 61.66 03/27/2006 .072/SH ON 491.643 SHS 35.40 FEDERATED BOND FUND F #198 02/01/2001 .06/SH ON 1,652.24 SHS 99.13 03/01/2001 .059/SH ON 1,652.24 SHS 97.48 04/02/2001 .059/SH ON 1,652.24 SHS 97.48 05/01/2001 .059/SH ON 1,652.24 SHS 97,48 06/01/2001 .057/SH ON 1,652.24 SHS 94.18 07/02/2001 .057/SH ON 1,652.24 SHS 94.18 07/31/2001 .057/SH ON 1,652.23 SHS 94.18 09/04/2001 .054/SH ON 1,652.24 SHS 89.22 10/01/2001 .054/SH ON 1,652.24 SHS 89.22 11/01/2001 .052/SH ON 1,652.24 SHS 85.92 11/30/2001 .052/SH ON 1,652.23 SHS 85.92 12/27/2001 .052/SH ON 1,652.24 SHS 85.92 02/01/2002 .052/SH ON 1,652.24 SHS 85.92 03/01/2002 .05/SH ON 1,652.24 SHS 82.61 PAGE 19 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/01/2002 .05/SH ON 1,652.24 SHS 82.61 05/01/2002 .05/SH ON 1,652.24 SHS 82.61 06/03/2002 .049/SH ON 1,652.23 SHS 80.96 07/01/2002 .049/SH ON 1,652.24 SHS 80.96 08/01/2002 .049/SH ON 1,652.24 SHS 80.96 09/03/2002 .049/SH ON 1,652.24 SHS 80.96 10/01/2002 .049/SH ON 1,652.24 SHS 80.96 11/01/2002 .049/SH ON 1,652.24 SHS 80.96 12/02/2002 .049/SH ON 1,652.24 SHS 80.96 12/26/2002 .049/SH ON 1,652.24 SHS 80.96 02/03/2003 .049/SH ON 1,652.24 SHS 80.96 03/03/2003 .049/SH ON 1,652.24 SHS 80.96 03/31/2003 .049/SH ON 1,652.24 SHS 80.96 05/01/2003 .049/SH ON 1,652.24 SHS 80.96 06/02/2003 .047/SH ON 1,652.24 SHS 77.66 07/01/2003 .047/SH ON 1,652.24 SHS 77.65 08/01/2003 .047/SH ON 1,652.24 SHS 77.65 09/02/2003 .047/SH ON 1,652.24 SHS 77.65 10/01/2003 .047/SH ON 1,652.24 SHS 77.65 11/03/2003 .047/SH ON 1,652.24 SHS 77.66 12/01/2003 .047/SH ON 1,652.24 SHS 77.66 12/31/2003 .047/SH ON 1,652.24 SHS 77.66 02/02/2004 .047/SH ON 1,652.24 SHS 77.66 03/01/2004 .047/SH ON 1,652.24 SHS 77.66 04/01/2004 .046/SH ON 1,652.24 SHS 76.00 05/03/2004 .046/SH ON 1,652.24 SHS 76.00 06/01/2004 .046/SH ON 1,652.24 SHS 76.00 07/01/2004 .046/SH ON 1,652.24 SHS 76.00 08/02/2004 .046/SH ON 1,652.24 SHS 76.00 09/01/2004 .046/SH ON 1,652.24 SHS 76.00 10/01/2004 .046/SH ON 1,652.23 SHS 76.00 11/01/2004 .046/SH ON 1,652.24 SHS 76.00 12/01/2004 .044/SH ON 1,652.23 SHS 72.71 12/31/2004 .044/SH ON 1,652.23 SHS 72.71 02/01/2005 .044/SH ON 1,652.24 SHS 72.70 03/01/2005 .044/SH ON 1,652.24 SHS 72.70 04/01/2005 .042/SH ON 1,652.237 SHS 69.39 05/02/2005 .042/SH ON 1,652.237 SHS 69.39 06/01/2005 .042/SH ON 1,652.237 SHS 69.39 07/01/2005 .042/SH ON 1,652.237 SHS 69.39 08/01/2005 .042/SH ON 1,652.237 SHS 69.40 09/01/2005 .042/SH ON 1,652.237 SHS 69.39 10/03/2005 .042/SH ON 1,652.237 SHS 69.39 11/01/2005 .042/SH ON 1,652.237 SHS 69.39 12/01/2005 .042/SH ON 1,652.237 SHS 69.39 12/30/2005 .042/SH ON 1,652.237 SHS 69.40 02/01/2006 .042/SH ON 1,652.237 SHS 69.39 03/01/2006 .042/SH ON 1,652.237 SHS 69.40 04/03/2006 .042/SH ON 1,652.237 SHS 69.40 FED MANAGED GROWTH PORTFOLIO IS #376 03/23/2001 .064/SH ON 3,031.17 SHS 193.99 06/28/2001 .055/SH ON 3,031.17 SHS 166.71 PAGE 20 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/24/2001 .025/SH ON 3,031.17 SHS 75.78 FED MAN CONSERVATIVE GROWTH PORT IS #357 03/13/2000 .113/SH ON 3,639.67 SHS 411.28 06/23/2000 .113/SH ON 3,639.67 SHS 411.28 09/25/2000 .113/SH ON 3,639.67 SHS 411.28 12/26/2000 .105/SH ON 3,639.67 SHS 382.17 FED US GOVT SEC 1-3 YEAR FUND #9 04/08/1997 36.70 05/07/1997 99,79 06/05/1997 104.10 07/07/1997 100.60 08/06/1997 103.11 09/08/1997 102.50 10/07/1997 98.97 11 /07/1997 102.80 12/05/1997 100.02 01 /08/1998 103.34 02/10/1998 103.40 03/06/1998 92.41 04/07/1998 100.86 05/08/1998 96.34 06/08/1998 98.50 07/08/1998 94.45 08/07/1998 96.15 09/09/1998 60.42 10/06/1998 41.10 11 /09/1998 34.18 12/08/1998 31.40 01/12/1999 27.55 02/08/1999 3.41 FEDERATED GOVT SEC 2-5 YEAR FUND #47 04/08/1997 38.74 05/07/1997 104.89 06/05/1997 108.20 07/07/1997 104.63 08/06/1997 108.39 09/08/1997 107.83 10/07/1997 104.12 11 /07/1997 107.93 12/05/1997 104.29 01 /08/1998 106.90 02/10/1998 108.14 03/06/1998 97.29 04/07/1998 105.88 05/08/1998 102.55 06/08/1998 105.55 07/08/1998 101.36 08/07/1998 103.51 09/09/1998 103.26 10/06/1998 gg 87 11 /09/1998 100.39 12/08/1998 93.80 PAGE 21 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01 /12/1999 94.43 02/08/1999 91.17 03!09/1999 80.33 04/08/1999 87, 39 05/10/1999 85.01 06/08/1999 76.83 07/08/1999 72.32 08/10/1999 74.24 09/08/1999 67.86 10/08/1999 36.18 11 /08/1999 37.66 11 /30/1999 37.24 12/31 /1999 17, 88 FEDERATED GOVT SEC 5-10 YEAR FUND #647 04/08/1997 41.86 05/07/1997 113.16 06/05/1997 117.25 07/07/1997 112.99 08/06/1997 115.91 09/08/1997 115.65 10/07/1997 111.79 11 /07/1997 114.22 12/05/1997 110.60 01 /08/1998 114.29 02/10/1998 113.22 03/06/1998 103.32 04/07/1998 112.87 05/08/1998 108.87 06/08/1998 112.67 07/08/1998 108.76 08/07/1998 110.72 09/09/1998 111.58 10/06/1998 105.92 11 /09/1998 107.91 12/08/1998 101.07 01 /12/1999 106.14 02/08/1999 105.15 03!09/1999 95.46 04/07/1999 104.19 05/11/1999 101.12 06/08/1999 103.97 07/08/1999 102.17 08/10/1999 105.53 09/08/1999 105.99 10/08/1999 103.32 11 /08/1999 107.26 11 /30/1999 106.00 12/31 /1999 92.11 01 /31 /2000 78.75 02/29/2000 76.01 03/31 /2000 80.59 04/30/2000 79.73 PAGE 22 REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 05/31 /2000 76.59 06/30/2000 69.88 07/31 /2000 71.27 08/31 /2000 71.55 09/30/2000 69.82 10/31 /2000 70.76 11 /30/2000 69.44 12/31 /2000 44.72 FEDERATED MAN GROWTH & INCOME FUND #357 06/24/1997 436.76 09/25/1997 436.76 01 /05/1998 436.76 03/25/1998 .113/SH ON 3,639.67 SHS 411.28 06/25/1998 411.28 09/29/1998 411.28 12/23/1998 411.28 03/29/1999 .113/SH ON 3,639.67 SHS 411.28 06/29/1999 .113/SH ON 3,639.67 SHS 411.28 09/28/1999 .113/SH ON 3,639.67 SHS 411.28 12/23/1999 .113/SH ON 3,639.67 SHS 411.28 FEDERATED GOVT OBLIGATIONS FD #395 09/30/2003 , 71 10/31 /2003 1.70 11 /30/2003 1.36 12/31 /2003 1.04 01 /31 /2004 .71 02/29/2004 .30 03/31 /2004 .51 04/30/2004 .95 04/30/2004 .26 05/31 /2004 .77 06/30/2004 .44 07/31 /2004 1.89 08/31 /2004 4, 77 09/30/2004 4.59 10/31 /2004 4.62 11 /30/2004 4.29 12/31 /2004 4.60 01 /31 /2005 4.26 02/28/2005 3.10 03/31 /2005 2.37 04/30/2005 1.43 05/31 /2005 8.12 06/30/2005 11.04 07/31 /2005 10.55 08/31 /2005 9.72 09/30/2005 8.21 10/31 /2005 7.01 11 /30/2005 6.99 12/31 /2005 12.74 01 /31 /2006 4.72 02/28/2006 g, 82 PAGE 23 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/31 /2006 7.01 04/30/2006 7.04 FED AUTOMATED GOVT MONEY TRUST #44 02/08/1996 THROUGH 01/31/96 410.63 03/06/1996 THROUGH 02/29/96 370.44 04/04/1996 THROUGH 03/31/96 621.12 05/07/1996 THROUGH 04/30/96 600.18 06/07/1996 THROUGH 05/31/96 617.44 07/08/1996 THROUGH 06/30/96 597.38 08/02/1996 THROUGH 07/31/96 617.28 09/09/1996 THROUGH 08/31/96 612.76 10/08/1996 THROUGH 09/30/96 595.37 11/07/1996 THROUGH 10/31/96 615.69 12/06/1996 THROUGH 11/30/96 609.06 12/31/1996 THROUGH 12/31/96 634.38 02/10/1997 THROUGH 01/31/97 629.21 03/06/1997 THROUGH 02/28/97 561.64 04/08/1997 THROUGH 03/31/97 396.23 05/07/1997 THROUGH 04/30/97 40.47 06/05/1997 THROUGH 05/31/97 41.80 07/08/1997 THROUGH 06/30/97 40.91 08/06/1997 THROUGH 07/31/97 42.42 09/08/1997 THROUGH 08/31/97 42.76 10/07/1997 THROUGH 09/30/97 41.02 11/07/1997 THROUGH 10/31/97 42.38 12/05/1997 THROUGH 11/30/97 41.72 01/08/1998 THROUGH 12/31/97 22.69 SOUTHEASTERN PA TRAN AUTHORITY MUNIC BOND 5.125% 09/01/2002 04/12/2000 REVERSE INTEREST PAYMENT BOND CALLED -64.06 Total Dividend Receipt 46,457.48 TOTAL DIVIDENDS RECEIVED 4. CAPITAL GAINS RECEIVED Short-Term Cap Gains Distrib FED STOCK TRUST FUND #019 11 /25/2005 522.30 FED MID-CAP FUND #151 11 /25/2003 30.96 11 /26/2004 66.62 11 /25/2005 69.42 Total Short-Term Cap Gains Distrib 689.30 PAGE 24 46,457.48 TOTAL CAPITAL GAINS RECEIVED 689.30 • REPORT OF INCOME CA~ PAGE 25 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 5. INTEREST RECEIVED Interest Receipt ST. LAWRENCE BOROUGH AUTH MUNICIPAL BOND (4.75%) 04/01/1996 59.38 11 /06/1996 59.38 04/02/1997 59.37 10/08/1997 59.37 04/02/1998 59.38 11/20/1998 34.30 SAYRE BOROUGH HOSP MUNICIPAL BOND (6.29%) 06/01/1996 86.25 11 /06/1996 86.25 05/15/1997 86.25 11 /07/1997 86.25 05/07/1998 86.25 03/25/1999 86.25 SOUTHEASTERN PA TRAN AUTHORITY MUNIC BOND (5.125%) 03/01/1996 64.06 03/01/1996 64.06 09/12/1996 128.13 03/04/1997 64.06 03/04/1997 64.06 09/04/1997 64.06 09/04/1997 64.07 03/04/1998 64.06 03/04/1998 64.06 09/14/1998 128.13 03/25/1999 64.06 12/06/1999 64.07 03/14/2000 64.06 COMMERCE BANK 01 /09/1996 50.14 02/09/1996 37.43 03/08/1996 39.31 04/08/1996 42.17 05/08/1996 40.97 06/08/1996 40.24 07/08/1996 32.79 08/09/1996 19.48 09/09/1996 24.84 10/09/1996 23.45 11 /08/1996 20.37 12/09/1996 7.32 01/08/1997 12.58 02/08/1997 22.40 03/08/1997 18.68 04/08/1997 29.68 05/08/1997 19.77 06/08/1997 22.25 07/08/1997 20.60 07/31/1997 6.58 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 08/31/1997 8.63 09/30/1997 7,82 10/31 /1997 6.60 11 /30/1997 4, 87 12/31 /1997 5.42 01 /31 /1998 10.98 02/28/1998 9.50 03/31/1998 9.22 04/30/1998 8.50 05/31 /1998 8.63 06/30/1998 8.62 07/31 /1998 7.44 08/31 /1998 1.15 10/01 /1998 1.37 10/31/1998 2.94 11 /30/1998 4.48 12/31 /1998 1.45 01 /29/1999 5.30 02/28/ 1999 4.24 03/31 / 1999 3.42 04/30/1999 2.40 05/31 /1999 2,80 06/30/1999 3.64 07/31/1999 5.64 08/31 /1999 5.85 09/30/1999 5.42 10/31/1999 4.63 11 /30/1999 3.56 12/31 /1999 5.55 01/31/2000 8,27 02/29/2000 6.39 03/31 /2000 5.46 04/30/2000 4.84 05/31 /2000 1.58 06/30/2000 4.16 07/31 /2000 3.34 08/31 /2000 2.43 09/30/2000 1.36 10/31 /2000 .67 11 /30/2000 4.60 12/31 /2000 4.39 01 /31 /2001 5.93 02/28/2001 5.10 03/31 /2001 3.95 04/30/2001 2.32 05/31 /2001 2.20 06/30/2001 2.15 07/31 /2001 2.51 08/31 /2001 2.50 09/30/2001 1.71 10/31 /2001 1.65 11 /30/2001 1.12 PAGE 26 • REPORT OF INCOME CA~ PAGE 27 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 12/31 /2001 .53 01 /31 /2002 ,48 02/28/2002 .33 03/31 /2002 , 37 04/30/2002 .33 05/31 /2002 .34 06/30/2002 ,47 07/31/2002 ,90 08/31/2002 ,82 Total Interest Receipt 2,583.94 TOTAL INTEREST RECEIVED 2,583.94 6. TRANSFERS FROM PRINCIPAL TO INCOME Transfer Principal to Income 09/01/1996 305.91 04/12/2006 TAX PAYMENTS 146.88 Total Transfer Principal to Income 452.79 TOTAL TRANSFERS FROM PRINCIPAL TO INCOME 452.79 TOTAL INCOME CASH RECEIPTS 90,770.37 ---~~~-----~~~- INCOME CASH DISBURSEMENTS ~-~~-- -~~~--~-~ 7. ASSET PURCHASES FROM INCOME Purchase Asset from Income COMMERCE BANK 10/08/1996 Purchased 595.37 units at 1.00 -595.37 10/09/1996 Purchased 23.45 units at 1.00 -23.45 11/06/1996 Purchased 145.63 units at 1.00 -145.63 11/08/1996 Purchased 615.69 units at 1.00 -615.69 11/08/1996 Purchased 20.37 units at 1.00 -20.37 12/06/1996 Purchased 609.06 units at 1.00 -609.06 12/09/1996 Purchased 7.32 units at 1.00 -7.32 01/07/1997 Purchased 634.38 units at 1.00 -634.38 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01/08/1997 Purchased 12.58 units at 1.00 -12.58 02/08/1997 Purchased 22.4 units at 1.00 -22.40 02/10/1997 Purchased 483.53 units at 1.00 -483.53 03/04/1997 Purchased 128.12 units at 1.00 -128.12 03/06/1997 Purchased 561.64 units at 1.00 -561.64 03/08/1997 Purchased 18.68 units at 1.00 -18.68 04/02/1997 Purchased 59.37 units at 1.00 -59.37 04/08/1997 Purchased 584.15 units at 1.00 -584.15 04/08/1997 Purchased 29.68 units at 1.00 -29.68 05/07/1997 Purchased 358.31 units at 1.00 -358.31 05/08/1997 Purchased 193.52 units at 1.00 -193.52 05/08/1997 Purchased 19.77 units at 1.00 -19.77 05/15/1997 Purchased 86.25 units at 1.00 -86.25 06/05/1997 Purchased 41.8 units at 1.00 -41.80 06/05/1997 Purchased 194.72 units at 1.00 -194.72 06/05/1997 Purchased 104.1 units at 1.00 -104.10 06/05/1997 Purchased 108.2 units at 1.00 -108.20 06/05/1997 Purchased 117.25 units at 1.00 -117.25 06/08/1997 Purchased 22.25 units at 1.00 -22.25 06/24/1997 Purchased 436.76 units at 1.00 -436.76 07/07/1997 Purchased 318.22 units at 1.00 -318.22 07/08/1997 Purchased 235.05 units at 1.00 -235.05 07/08/1997 Purchased 20.6 units at 1.00 -20.60 07/31/1997 Purchased 6.58 units at 1.00 -6.58 08/06/1997 Purchased 567.63 units at 1.00 -567.63 08!31/1997 Purchased 8.63 units at 1.00 -8.63 PAGE 28 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/04/1997 Purchased 128.13 units at 1.00 -128.13 09/08/1997 Purchased 565.71 units at 1.00 -565.71 09/25/1997 Purchased 436.76 units at 1.00 -436.76 09/30/1997 Purchased 7.82 units at 1.00 _7.82 10/07/1997 Purchased 314.88 units at 1.00 -314.88 10/07/1997 Purchased 239.82 units at 1.00 -239,82 10/08/1997 Purchased 59.37 units at 1.00 -59.37 10/31/1997 Purchased 6.6 units at 1.00 -6.60 11/06/1997 Purchased 204.89 units at 1.00 -204.89 11/07/1997 Purchased 324.95 units at 1.00 -324.95 11/07/1997 Purchased 86.25 units at 1.00 -86.25 11/07/1997 Purchased 42.38 units at 1.00 -42,38 11/30/1997 Purchased 1 units at 4.87 _4.87 12/05/1997 Purchased 557.12 units at 1.00 -557.12 12/31/1997 Purchased 5.42 units at 1.00 -5.42 01/05/1998 Purchased 436.76 units at 1.00 -436.76 01/08/1998 Purchased 539.77 units at 1.00 -539.77 01/31/1998 Purchased 10.98 units at 1.00 -10.98 02/10/1998 Purchased 508.73 units at 1.00 -508.73 02/28/1998 Purchased 9.5 units at 1.00 -9.50 03/04/1998 Purchased 128.12 units at 1.00 -128.12 03/06/1998 Purchased 471.74 units at 1.00 -471.74 03/25/1998 Purchased 411.28 units at 1.00 -411.28 03/31/1998 Purchased 9.22 units at 1.00 _g.22 04/02/1998 Purchased 59.38 units at 1.00 -59.38 04/07/1998 Purchased 501.3 units at 1.00 -501.30 PAGE 29 REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/30/1998 Purchased 8.5 units at 1.00 -8.50 05/07/1998 Purchased 86.25 units at 1.00 -86.25 05/08/1998 Purchased 488.79 units at 1.00 -488.79 05/31/1998 Purchased 8.63 units at 1.00 -8.63 06/08/1998 Purchased 497.89 units at 1.00 -497.89 06/25/1998 Purchased 411.28 units at 1.00 -411.28 06/30/1998 Purchased 8.62 units at 1.00 -8.62 07/08/1998 Purchased 480.94 units at 1.00 -480.94 07/31/1998 Purchased 7.44 units at 1.00 -7.44 08/07/1998 Purchased 491.05 units at 1.00 -491.05 08/31/1998 Purchased 1.15 units at 1.00 -1.15 09/09/1998 Purchased 454.99 units at 1.00 -454.99 09/15/1998 Purchased 128.13 units at 1.00 -128.13 09/29/1998 Purchased 411.28 units at 1.00 -411.28 11/20/1998 Purchased 34.3 units at 1.00 -34.30 12/08/1998 Purchased 275.76 units at 1.00 -275.76 12/29/1998 Purchased 411.28 units at 1.00 -411.28 03/29/1999 Purchased 411.28 units at 1.00 -411.28 05/10/1999 Purchased 273.74 units at 1.00 -273.74 05/11/1999 Purchased 101.12 units at 1.00 -101.12 09/28/1999 Purchased 411.28 units at 1.00 -411.28 12/06/1999 Purchased 64.07 units at 1.00 -64.07 12/07/1999 Purchased 327.62 units at 1.00 -327.62 12/28/1999 Purchased 411.28 units at 1.00 -411.28 01/11/2000 Purchased 288.22 units at 1.00 -288.22 02/08/2000 Purchased 254.51 units at 1.00 -254.51 PAGE 30 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/07/2000 Purchased 257.69 units at 1.00 -257.69 03/14/2000 Purchased 64.06 units at 1.00 -64.06 03/28/2000 Purchased 411.28 units at 1.00 -411.28 04/10/2000 Purchased 267.73 units at 1.00 -267.73 05/08/2000 Purchased 269.6 units at 1.00 -269.60 06/06/2000 Purchased 267.95 units at 1.00 -267.95 06/27/2000 Purchased 411.28 units at 1.00 -411.28 07/10/2000 Purchased 263.15 units at 1.00 -263.15 08/08/2000 Purchased 263.29 units at 1.00 -263.29 09/08/2000 Purchased 259.05 units at 1.00 -259.05 09/27/2000 Purchased 411.28 units at 1.00 -411.28 10/11/2000 Purchased 256.11 units at 1.00 -256.11 11/07/2000 Purchased 263.28 units at 1.00 -263.28 12/07/2000 Purchased 241.08 units at 1.00 -241.08 12/27/2000 Purchased 382.17 units at 1.00 -382.17 01/09/2001 Purchased 215.52 units at 1.00 -215.52 02/05/2001 Purchased 99.13 units at 1.00 -99.13 02/06/2001 Purchased 163.89 units at 1.00 -163.89 03/06/2001 Purchased 97.48 units at 1.00 -97.48 03/07/2001 Purchased 163.8 units at 1.00 -163.80 03/27/2001 Purchased 193.99 units at 1.00 -193.99 04/06/2001 Purchased 97.48 units at 1.00 _97.48 04/10/2001 Purchased 164.56 units at 1.00 -164.56 05/07/2001 Purchased 97.48 units at 1.00 _97.48 05/08/2001 Purchased 164.1 units at 1.00 -164.10 06/05/2001 Purchased 94.18 units at 1.00 -94.18 PAGE 31 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 06/11/2001 Purchased 163.12 units at 1.00 -163.12 06/28/2001 Purchased 166.71 units at 1.00 -166.71 07/02/2001 Purchased 256.06 units at 1.00 -256.06 08/01/2001 Purchased 250.21 units at 1.00 -250.21 09/04/2001 Purchased 242.49 units at 1.00 -242.49 09/25/2001 Purchased 75.78 units at 1.00 -75.78 10/01/2001 Purchased 243.19 units at 1.00 -243.19 11/01/2001 Purchased 229.88 units at 1.00 -229,88 12/03/2001 Purchased 198.42 units at 1.00 -198.42 12/27/2001 Purchased 85.92 units at 1.00 -85.92 12/31/2001 Purchased 88.58 units at 1.00 -88.58 01/02/2002 Purchased 109.11 units at 1.00 -109.11 02/01/2002 Purchased 198.88 units at 1.00 -198.88 03/01/2002 Purchased 194.97 units at 1.00 -194.97 03/28/2002 Purchased 83.46 units at 1.00 -83.46 04/01/2002 Purchased 190.08 units at 1.00 -190.08 05/01/2002 Purchased 188.7 units at 1.00 -188.70 06/03/2002 Purchased 187.6 units at 1.00 -187.60 06/28/2002 Purchased 80.99 units at 1.00 _gp.gg 07/01/2002 Purchased 187.85 units at 1.00 -187.85 08/01/2002 Purchased 189.08 units at 1.00 -189.08 09/03/2002 Purchased 194.16 units at 1.00 -194.16 09/25/2002 Purchased 86.39 units at 1.00 -86.39 10/01/2002 Purchased 194.25 units at 1.00 -194.25 11/01/2002 Purchased 185.2 units at 1.00 -185.20 12/02/2002 Purchased 183.01 units at 1.00 -183.01 PAGE 32 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 12/26/2002 Purchased 190.72 units at 1.00 -190.72 01/02/2003 Purchased 93.53 units at 1.00 -93.53 02/03/2003 Purchased 163.45 units at 1.00 -163.45 03/03/2003 Purchased 167.52 units at 1.00 -167.52 03/25/2003 Purchased 117.97 units at 1.00 -117.97 04/01/2003 Purchased 166.45 units at 1.00 -166.45 05/01/2003 Purchased 162.9 units at 1.00 -162.90 06/02/2003 Purchased 156.25 units at 1.00 -156.25 06/25/2003 Purchased 115.51 units at 1.00 -115.51 07/01/2003 Purchased 148.65 units at 1.00 -148.65 08/01/2003 Purchased 146.59 units at 1.00 -146.59 09/02/2003 Purchased 148.6 units at 1.00 -148.60 09/26/2003 Purchased 120.8 units at 1.00 -120.80 10/01/2003 Purchased 151.27 units at 1.00 -151.27 11/03/2003 Purchased 158.84 units at 1.00 -158.84 11/25/2003 Purchased 30.96 units at 1.00 -30.96 12/01/2003 Purchased 105.08 units at 1.00 -105.08 12/26/2003 Purchased 114.1 units at 1.00 -114.10 12/31/2003 Purchased 77.66 units at 1.00 -77.66 01/02/2004 Purchased 86.4 units at 1.00 -86.40 02/02/2004 Purchased 168.42 units at 1.00 -168.42 03/01/2004 Purchased 165.51 units at 1.00 -165.51 03/25/2004 Purchased 97.08 units at 1.00 _97.08 04/01/2004 Purchased 167.42 units at 1.00 -167.42 06/14/2004 Purchased .5 units at 1.00 -.50 PAGE 33 REPORT OF INCOME CA~ PAGE 34 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 Total Purchase Asset from Income -33,729.09 Interest Reinvestment COMMERCE BANK 10/01 /1998 -1.37 10/31/1998 -2 94 11/30/1998 -4 48 12/31/1998 -1.45 Total Interest Reinvestment -10.24 Cash Management Purchase COMMERCE BANK 10/06/1998 -430.94 11/09/1998 -418.68 01 /12/1999 -423.92 01 /29/1999 -5.30 02/08/1999 -383.07 02/28/1999 -4.24 03/09/1999 -351.13 03/25/1999 -150.31 03/31 /1999 -3.42 04/07/1999 -104.19 04/08/1999 -275.64 04/30/1999 -2.40 05/06/1999 -86.25 05/31/1999 -2 80 06/08/1999 -308.46 06/29/1999 -411.28 06/30/1999 -3.64 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 07/08/1999 -394.86 07/31 /1999 -5.64 08/10/1999 -393.19 08/31 /1999 -5.85 09/08/1999 -376.57 09/30/1999 -5.42 10/08/1999 -340.38 10/31 /1999 -4.63 11/08/1999 -340.77 11 /30/1999 -3.56 12/31 /1999 -5.55 01/31/2000 -8 27 02/29/2000 -6.39 03/31 /2000 -5.46 04/30/2000 ,.4 84 05/31/2000 -1.58 06/30/2000 -4.16 07/31 /2000 -3.34 08/31/2000 -2 43 09/30/2000 -1.36 10/31 /2000 -.67 11 /30/2000 -4.60 12/31 /2000 -4.39 01 /31 /2001 -5.93 02/28/2001 -5.10 03/31 /2001 -3.95 PAGE 35 REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/30/2001 -2 32 05/31/2001 -2 20 06/30/2001 -2.15 07/31 /2001 -2.51 08/31 /2001 -2.50 09/30/2001 -1.71 10/31 /2001 -1.65 11 /30/2001 -1.12 12/31 /2001 -.53 01 /31 /2002 - 48 02/28/2002 -.33 03/31 /2002 - 37 04/30/2002 -.33 05/31!2002 -.34 06/30/2002 - 47 07/31 /2002 _90 08/31 /2002 - 82 Total Cash Management Purchase TOTAL ASSET PURCHASES FROM INCOME 8. FEES PAID -GENERAL Fiduciary Tax Prep Fee 05/10/2005 FOR TAX YEAR ENDING 12/31/04 Total Fiduciary Tax Prep Fee Trustee Fees -Regular 01/16/1996 FOR 1 MONTH(S) ENDING 12/31/95 02/15/1996 FOR 1 MONTH(S) ENDING 01/31/96 03/06/1996 FOR 1 MONTH(S) ENDING 02/29/96 04/10/1996 FOR 1 MONTH(S) ENDING 03/31!96 05/10/1996 FOR 1 MONTH(S) ENDING 04/30/96 -5,325.29 -62.85 -62.85 -76.03 -76.03 -102.15 -101.82 -100.95 PAGE 36 -39,064.62 REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 06/11/1996 FOR 1 MONTH(S) ENDING 05/31/96 -100 95 07/17/1996 FOR 1 MONTH(S) ENDING 06/30/96 . -142 83 08/01/1996 FOR 1 MONTH(S) ENDING 07/31/96 . -142 65 09/13/1996 FOR 1 MONTH(S) ENDING 08/31/96 . -146 90 10/15/1996 FOR 1 MONTH(S) ENDING 09/30/96 . -146 63 11/11/1996 FOR 1 MONTH(S) ENDING 10/31/96 . -146 51 12/10/1996 FOR 1 MONTH(S) ENDING 11/30/96 . -141 64 01/09/1997 FOR 1 MONTH(S) ENDING 12/31/96 . -146 11 02/06/1997 FOR 1 MONTH(S) ENDING 01/31/97 . -145 68 03/11/1997 FOR 1 MONTH(S) ENDING 02/28/97 . -145 71 04/10/1997 FOR 1 MONTH(S) ENDING 03/31/97 . -144 46 05/12/1997 FOR 1 MONTH(S) ENDING 04/30/97 . -145.41 06/09/1997 FOR 1 MONTH(S) ENDING 05/31/97 -146.43 07/09/1997 FOR 1 MONTH(S) ENDING 06/30/97 -147.20 08/12/1997 FOR 1 MONTH(S) ENDING 07/31/97 -144 10 09/11/1997 FOR 1 MONTH(S) ENDING 08/31/97 . -144.07 10/10/1997 FOR 1 MONTH(S) ENDING 09/30/97 -143 75 11/12/1997 FOR 1 MONTH(S) ENDING 10/31/97 . -143.75 12/10/1997 FOR 1 MONTH(S) ENDING 11/30/97 -142.95 01/13/1998 FOR 1 MONTH(S) ENDING 12/31/97 -135.84 02/11/1998 FOR 1 MONTH(S) ENDING 01/31/98 -137.06 03/11/1998 FOR 1 MONTH(S) ENDING 02/28/98 -137 46 04/10/1998 FOR 1 MONTH(S) ENDING 03/31/98 . -136.94 05/11/1998 FOR 1 MONTH(S) ENDING 04/30/98 -137.05 06/08/1998 FOR 1 MONTH(S) ENDING 05/31/98 -137.53 07/08/1998 FOR 1 MONTH(S) ENDING 06/30/98 -137.24 08/10/1998 FOR 1 MONTH(S) ENDING 07/31/98 -131.12 09/17/1998 FOR 1 MONTH(S) ENDING 08/31/98 -122.46 10/13/1998 FOR 1 MONTH(S) ENDING 09/30/98 -125.02 11/10/1998 FOR 1 MONTH(S) ENDING 10/31/98 -124.23 12/08/1998 FOR 1 MONTH(S) ENDING 11/30/98 -124.65 01/25/1999 FOR 1 MONTH(S) ENDING 12/31/98 -119.15 02/12/1999 FOR 1 MONTH(S) ENDING 01/31/99 -114.54 03/15/1999 FOR 1 MONTH(S) ENDING 02/28/99 -114.12 04/12/1999 FOR 1 MONTH(S) ENDING 03/31/99 -111.13 05/12/1999 FOR 1 MONTH(S) ENDING 04/30/99 -111.48 06/10/1999 FOR 1 MONTH(S) ENDING 05/31/99 -107 09 07/06/1999 FOR 1 MONTH(S) ENDING 06/30/99 . -107.05 08/11/1999 FOR 1 MONTH(S) ENDING 07/31/99 -105.68 09/09/1999 FOR 1 MONTH(S) ENDING 08/31/99 -106.84 10/06/1999 FOR 1 MONTH(S) ENDING 09/30/99 -106 24 11/09/1999 FOR 1 MONTH(S) ENDING 10/31/99 . -106 11 12/10/1999 FOR 1 MONTH(S) ENDING 11/30/99 . -105 86 01/10/2000 FOR 1 MONTH(S) ENDING 12/31/99 . -94.22 02/11/2000 FOR 1 MONTH(S) ENDING 01/31/00 -92 52 03/15/2000 FOR 1 MONTH(S) ENDING 02/29/00 . -91.45 05/09/2000 FOR 1 MONTH(S) ENDING 03/31/00 _g2 52 05/15/2000 FOR 1 MONTH(S) ENDING 04/30/00 . -90 75 06/08/2000 FOR 1 MONTH(S) ENDING 05/31/00 . -85 68 07/12/2000 FOR 1 MONTH(S) ENDING 06/30/00 . -86 36 08/14/2000 FOR 1 MONTH(S) ENDING 07/31/00 . _84 99 09/11/2000 FOR 1 MONTH(S) ENDING 08/31/00 . -85.62 PAGE 37 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 10/12/2000 FOR 1 MONTH(S) ENDING 09/30/00 _83,78 11/08/2000 FOR 1 MONTH(S) ENDING 10/31/00 _83,42 12/12/2000 FOR 1 MONTH(S) ENDING 11/30/00 -81.62 01/10/2001 FOR 1 MONTH(S) ENDING 12/31/00 _82.07 02/09/2001 FOR 1 MONTH(S) ENDING 01/31/01 -83.60 03/13/2001 FOR 1 MONTH(S) ENDING 02/28/01 -80.54 04/11/2001 FOR 1 MONTH(S) ENDING 03/31/01 -78.41 05/09/2001 FOR 1 MONTH(S) ENDING 04/30/01 -79.91 06/14/2001 FOR 1 MONTH(S) ENDING 05/31/01 _79.77 07/13/2001 FOR 1 MONTH(S) ENDING 06/30/01 _78.90 08/10/2001 FOR 1 MONTH(S) ENDING 07/31/01 _78.97 09/13/2001 FOR 1 MONTH(S) ENDING 08/31/01 _77.95 10/11/2001 FOR 1 MONTH(S) ENDING 09/30/01 -74.30 11/13/2001 FOR 1 MONTH(S) ENDING 10/31/01 _74.82 12/14/2001 FOR 1 MONTH(S) ENDING 11/30/01 -76.68 01/22/2002 FOR 1 MONTH(S) ENDING 12/31/01 -104.17 02/21/2002 FOR 1 MONTH(S) ENDING 01/31/02 -104.17 03/15/2002 FOR 1 MONTH(S) ENDING 02/28/02 -104.17 04/11/2002 FOR 1 MONTH(S) ENDING 03/31/02 -104.17 05/15/2002 FOR 1 MONTH(S) ENDING 04/30/02 -104.17 06/18/2002 FOR 1 MONTH(S) ENDING 05!31/02 -104.17 07/22/2002 FOR 1 MONTH(S) ENDING 06/30/02 -104.17 08/14/2002 FOR 1 MONTH(S) ENDING 07/31/02 -104.17 09/11/2002 FOR 1 MONTH(S) ENDING 08/31/02 -104.17 10/15/2002 FOR 1 MONTH(S) ENDING 09/30/02 -104.17 11/13/2002 FOR 1 MONTH(S) ENDING 10/31/02 -104.17 12/16/2002 FOR 1 MONTH(S) ENDING 11/30/02 -104.17 02/07/2003 FOR 1 MONTH(S) ENDING 12/31/02 -104.17 02/14/2003 FOR 1 MONTH(S) ENDING 01/31/03 -104.17 03/13/2003 FOR 1 MONTH(S) ENDING 02/28/03 -104 17 04/11/2003 FOR 1 MONTH(S) ENDING 03/31/03 . -104.17 05/13/2003 FOR 1 MONTH(S) ENDING 04/30/03 -104.17 06/11/2003 FOR 1 MONTH(S) ENDING 05/31/03 -104.17 07/14/2003 FOR 1 MONTH(S) ENDING 06/30/03 -104.17 08/13/2003 FOR 1 MONTH(S) ENDING 07/31/03 -104.17 09/15/2003 FOR 1 MONTH(S) ENDING 08/31/03 -104.17 10/16/2003 FOR 1 MONTH(S) ENDING 09/30/03 -104.17 11/12/2003 FOR 1 MONTH(S) ENDING 10/31/03 -104.17 12/12/2003 FOR 1 MONTH(S) ENDING 11/30/03 -104.17 01/12/2004 FOR 1 MONTH(S) ENDING 12/31/03 -104.17 02/12/2004 FOR 1 MONTH(S) ENDING 01/31/04 -104.17 03/10/2004 FOR 1 MONTH(S) ENDING 02/29/04 -104.17 04/14/2004 FOR 1 MONTH(S) ENDING 03/31/04 -104.17 05/13/2004 FOR 1 MONTH(S) ENDING 04/30/04 -104.17 06/14/2004 FOR 1 MONTH(S) ENDING 05/31/04 -104.17 07/13/2004 FOR 1 MONTH(S) ENDING 06/30/04 -104.17 08/10/2004 FOR 1 MONTH(S) ENDING 07/31/04 -104.17 09/13/2004 FOR 1 MONTH(S) ENDING 08/31/04 -104.17 10/13/2004 FOR 1 MONTH(S) ENDING 09/30/04 -104.17 11/10/2004 FOR 1 MONTH(S) ENDING 10/31/04 -104.17 12/10/2004 FOR 1 MONTH(S) ENDING 11/30/04 -104 17 01/12/2005 FOR 1 MONTH(S) ENDING 12/31/04 . -104.17 PAGE 38 • REPORT OF INCOME CA~ PAGE 39 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 02/10/2005 FOR 1 MONTH(S) ENDING 01/31/05 -104.17 03/10/2005 FOR 1 MONTH(S) ENDING 02/28/05 -104.17 04/11/2005 FOR 1 MONTH(S) ENDING 03/31/05 -104.17 06/10/2005 FOR 1 MONTH(S) ENDING 05/31/05 -104.17 07/08/2005 FOR 1 MONTH(S) ENDING 06/30/05 -104.17 08/08/2005 FOR 1 MONTH(S) ENDING 07/31/05 -104.17 09/09/2005 FOR 1 MONTH(S) ENDING 08/31/05 -104.17 10/11/2005 FOR 1 MONTH(S) ENDING 09/30/05 -104.17 11!08/2005 FOR 1 MONTH(S) ENDING 10/31/05 -104.17 12/08/2005 FOR 1 MONTH(S) ENDING 11/30/05 -104.17 01/09/2006 FOR 1 MONTH(S) ENDING 12/31/05 -104.17 02/07/2006 FOR 1 MONTH(S) ENDING 01/31/06 -104.17 03/07/2006 FOR 1 MONTH(S) ENDING 02/28/06 -104.17 04/06/2006 FOR 1 MONTH(S) ENDING 03/31/06 -104.17 Total Trustee Fees -Regular -13,378.12 TOTAL FEES PAID -GENERAL -13,440.97 9. INCOME DISTRIBUTIONS Income Distribution 01/11/1996 EDWARD SHEAFFER _.gg Check # 1756 03/05/1996 TO EDWARD SHEAFFER THROUGH 12/31/95 -2,227.83 Check # 1873 04/30/1996 TO EDWARD SHEAFFER -578.68 Check # 1078 Total Income Distribution -2,807.50 Monthly Income Distribution 03/31/1996 EDWARD SHEAFFER -422.86 Check # 1898 05/31/1996 EDWARD SHEAFFER X99.23 Check # 1123 06/07/1996 EDWARD SHEAFFER -40.97 Check # 1142 07/03/1996 EDWARD SHEAFFER _642.98 Check # 1186 08/02/1996 EDWARD SHEAFFER -487.34 Check # 1239 09/04/1996 EDWARD SHEAFFER -494.11 Check # 1284 10/07/1996 EDWARD SHEAFFER -618.83 Check # 1345 11/04/1996 EDWARD SHEAFFER -472.18 Check # 1392 12/02/1996 EDWARD SHEAFFER -635.18 Check # 1452 01/03/1997 EDWARD SHEAFFER -474.74 Check # 1519 REPORT OF INCOME CA~ PAGE 40 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01/30/1997 EDWARD SHEAFFER -500.85 Check # 1581 03/03/1997 EDWARD SHEAFFER -505.93 Check # 1635 03/31/1997 EDWARD SHEAFFER -562.73 Check # 1718 04/30/1997 EDWARD SHEAFFER -528.74 Check # 1790 05/30/1997 EDWARD SHEAFFER -512.44 Check # 1864 06/30/1997 EDWARD SHEAFFER -878.65 Check # 1947 07/31/1997 EDWARD SHEAFFER -426.67 Check # 002037 08/29/1997 EDWARD SHEAFFER -430.11 Check # 002151 09/30/1997 EDWARD SHEAFFER -995.16 Check # 002224 10/30/1997 EDWARD SHEAFFER -478.14 Check # 002294 12/01/1997 EDWARD SHEAFFER -521.32 Check # 002349 12/30/1997 EDWARD SHEAFFER -419.04 Check # 002424 01/30/1998 EDWARD SHEAFFER -846.11 Check # 002515 03/02/1998 EDWARD SHEAFFER -382.65 Check # 002594 03/30/1998 EDWARD SHEAFFER -883.18 Check # 002665 04/30/1998 EDWARD SHEAFFER -432.96 Check # 002764 06/02/1998 EDWARD SHEAFFER -455.12 Check # 002823 06/30/1998 EDWARD SHEAFFER -771.64 Check # 002896 07/31/1998 EDWARD SHEAFFER -352.32 Check # 002992 08/31/1998 EDWARD SHEAFFER -367.37 Check # 003100 10/09/1998 EDWARD SHEAFFER -873.09 Check # 003264 10/30/1998 EDWARD SHEAFFER -307.29 Check # 003344 11/30/1998 EDWARD SHEAFFER -331.69 Check # 003394 12/30/1998 EDWARD SHEAFFER -691.52 Check # 003497 01/29/1999 EDWARD SHEAFFER -306.22 Check # 003592 02/26/1999 EDWARD SHEAFFER -273.83 Check # 003661 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/30/1999 EDWARD SHEAFFER Check # 003768 04/29/1999 EDWARD SHEAFFER Check # 003934 05/27/1999 EDWARD SHEAFFER Check # 004025 06/30/1999 EDWARD SHEAFFER Check # 004141 07/26/1999 EDWARD SHEAFFER Check # 004218 08/30/1999 EDWARD SHEAFFER Check # 004312 09/27/1999 EDWARD SHEAFFER Check # 004405 10/28/1999 EDWARD SHEAFFER Check # 004495 11/30/1999 EDWARD SHEAFFER Check # 004570 12/29/1999 EDWARD SHEAFFER Check # 004668 02/03/2000 EDWARD SHEAFFER Check # 004770 02/29/2000 EDWARD SHEAFFER Check # 004851 04/03/2000 EDWARD SHEAFFER Check # 004923 05/01/2000 EDWARD SHEAFFER Check # 005124 05/25/2000 EDWARD SHEAFFER Check # 005199 06/30/2000 EDWARD SHEAFFER Check # 005337 07/31/2000 EDWARD SHEAFFER Check # 005457 08/31/2000 EDWARD SHEAFFER Check # 005549 09/29/2000 EDWARD SHEAFFER Check # 005631 10/31/2000 EDWARD SHEAFFER Check # 005726 11/30/2000 EDWARD SHEAFFER Check # 005816 12/29/2000 EDWARD SHEAFFER Check # 005924 01/31/2001 EDWARD SHEAFFER Check # 006038 02/28/2001 EDWARD SHEAFFER Check # 006131 03/30/2001 EDWARD SHEAFFER Check # 006247 04/30/2001 EDWARD SHEAFFER Check # 006442 -802.84 -272.12 -352.03 -204.17 -702.73 -293.15 -275.58 -650.84 -239.29 -289.39 -610.83 -170.26 -647.97 -116.61 -183.69 -595.13 -180.95 -181.64 -587.14 -173.69 -180.53 -546.23 -137.84 -185.35 -379.83 -187.58 PAGE 41 • REPORT OF INCOME CA~ PAGE 42 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 05/31/2001 EDWARD SHEAFFER -183.99 Check # 006533 06/29/2001 EDWARD SHEAFFER -346.44 Check # 006651 07/31/2001 EDWARD SHEAFFER -179.31 Check # 006748 08/30/2001 EDWARD SHEAFFER -173.75 Check # 006843 10/01/2001 EDWARD SHEAFFER _242.82 Check # 006986 10/31!2001 EDWARD SHEAFFER -170.60 Check # 007110 11/30/2001 EDWARD SHEAFFER -156.71 Check # 007206 12/31/2001 EDWARD SHEAFFER -208 78 Check # 007362 01/31/2002 EDWARD SHEAFFER -94.05 Check # 007485 02/28/2002 EDWARD SHEAFFER -95.19 Check # 007576 03/29/2002 EDWARD SHEAFFER -91.13 Check # 007688 04/30/2002 EDWARD SHEAFFER -163.94 Check # 007862 05/31/2002 EDWARD SHEAFFER -84.86 Check # 008003 06/28/2002 EDWARD SHEAFFER -83.77 Check # 008150 07/30/2002 EDWARD SHEAFFER -165.14 Check # 008302 08/30/2002 EDWARD SHEAFFER -85.81 Check # 008443 09/30/2002 EDWARD SHEAFFER -177.20 Check # 008606 10/31/2002 EDWARD SHEAFFER -90.08 Check # 008714 11/29/2002 EDWARD SHEAFFER -81.03 Check # 008841 12/31/2002 EDWARD SHEAFFER -269.56 Check # 009011 02/28/2003 EDWARD SHEAFFER -48.64 Check # 009286 03/28/2003 EDWARD SHEAFFER -181.32 Check # 009403 04/30/2003 EDWARD SHEAFFER -23.11 Check # 009691 05/30/2003 EDWARD SHEAFFER -58.73 Check # 009810 06/30/2003 EDWARD SHEAFFER -167.59 Check # 009987 07/31/2003 EDWARD SHEAFFER -44.48 Check # 010116 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 PAGE 43 08/28/2003 EDWARD SHEAFFER -42.42 Check # 010264 09/30/2003 EDWARD SHEAFFER -44.43 Check # 010419 10/31/2003 EDWARD SHEAFFER -167.90 Check # 010535 12/02/2003 EDWARD SHEAFFER -54.67 Check # 010618 12/30/2003 EDWARD SHEAFFER -86.54 Check # 010798 01/30/2004 EDWARD SHEAFFER -173.99 Check # 010943 02/27/2004 EDWARD SHEAFFER -64.25 Check # 011043 03/29/2004 EDWARD SHEAFFER -158.42 Check # 011175 04/29/2004 EDWARD SHEAFFER -46.25 Check # 011418 05/28/2004 EDWARD SHEAFFER -57.93 Check # 011578 06/29/2004 EDWARD SHEAFFER -155.91 Check # 011720 07/28/2004 EDWARD SHEAFFER -55.44 Check # 011840 08/26/2004 EDWARD SHEAFFER -56.32 Check # 011948 09/30/2004 EDWARD SHEAFFER -155.30 Check # 012121 10/29/2004 EDWARD SHEAFFER X7,84 Check # 012245 11/30/2004 EDWARD SHEAFFER -117.03 Check # 012368 12/30/2004 EDWARD SHEAFFER -44.50 Check # 012533 01/31/2005 EDWARD SHEAFFER -186.07 Check # 012714 02/28/2005 EDWARD SHEAFFER -46.64 Check # 012838 04/19/2005 EDWARD SHEAFFER -162.40 Check # 013194 05/27/2005 EDWARD SHEAFFER -80.66 Check # 013386 06/30/2005 EDWARD SHEAFFER -143.74 Check # 013603 07/29/2005 EDWARD SHEAFFER -39.31 Check # 013777 08/31/2005 EDWARD SHEAFFER -38.63 Check # 013961 09/30/2005 EDWARD SHEAFFER -148.22 Check # 014156 10/31/2005 EDWARD SHEAFFER -35.87 Check # 014333 • REPORT OF INCOME CA~ COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 11/30/2005 EDWARD SHEAFFER Check # 014480 12/28/2005 EDWARD SHEAFFER Check # 014612 01/31/2006 EDWARD SHEAFFER Check # 014842 02/28/2006 EDWARD SHEAFFER Check # 015028 03/31/2006 EDWARD SHEAFFER Check # 015189 -34.23 -628.59 -209.74 -33.66 -146.62 Total Monthly Income Distribution -35,102.16 TOTAL INCOME DISTRIBUTIONS 10. TAXES Estimated State Fid Inc Tax 04/15/2003 PA DEPT OF REVENUE -20.00 25-6523161 Check # 009504 04/15/2004 PA DEPT OF REVENUE -17.00 25-6523161 Check # 011230 04/15/2005 PA DEPT OF REVENUE -32.00 25-6523161 Check # 013110 04/17/2006 PA DEPT OF REVENUE -43.00 25-6523161 Check # 015365 Total Estimated State Fid Inc Tax -112.00 State Fid Inc Tax, Bal Due 04/15/2002 PA DEPT OF REVENUE -5.80 25-6523161 Check # 007756 04/15/2003 PA DEPT OF REVENUE -19.17 25-6523161 Check # 009460 04/15/2005 PA DEPT OF REVENUE -5.53 25-6523161 Check # 013061 04/17/2006 PA DEPT OF REVENUE -141.00 25-6523161 Check # 015302 Total State Fid Inc Tax, Bal Due -171.50 PAGE 44 -37,909.66 TOTAL TAXES -283.50 • REPORT OF INCOME CA~ PAGE 45 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 TOTAL INCOME CASH DISBURSEMENTS INCOME CASH BALANCE -90,698.75 71.62 REPORT OF PRINCIPAL ~SH PAGE 46 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 BEGINNING BALANCE 0.00 ~~~~~~~-~~~~~~ PRINCIPAL CASH RECEIPTS ~--~~~-~~---~~- 1. CAPITAL GAINS RECEIVED Short-Term Cap Gains Distrib FEDERATED GOVT SEC 5-10 YEAR FUND #647 01/05/1998 39.56 01/05/1999 145.42 12/31/1999 10.70 FEDERATED MAN GROWTH & INCOME FUND #357 01/05/1998 1,045.68 12/23/1998 513.35 12/23/1999 237.67 Total Short-Term Cap Gains Distrib 1,992.38 Long-Term Cap Gains Distrib FED STOCK TRUST FUND #019 11 /25/2005 4, 577.44 FED MID-CAP FUND #151 11 /26/2001 207.12 11 /25/2003 51.08 11 /26/2004 391.18 11 /25/2005 620.16 FED MAN CONSERVATIVE GROWTH PORT IS #357 12/26/2000 1, 906.46 FEDERATED GOVT SEC 5-10 YEAR FUND #647 01/05/1999 7g g8 12/31 /1999 33.27 FEDERATED MAN GROWTH & INCOME FUND #357 01/05/1998 1,210.92 12/23/1998 1,180.04 12/23/1999 706.82 Total Long-Term Cap Gains Distrib 10,963.37 TOTAL CAPITAL GAINS RECEIVED 12,955.75 2. CASH ADDITIONS Cash Addition 08/12/1996 RETURNED COLLEGE TUITION CHECK 5,095.00 12/31/1996 FROM JUNE SHEAFFER TRUST 5,566.91 09/07/1999 DIVIDEND ON MUNIMAE FROM ESTATE 38.20 Total Cash Addition 10,700.11 TOTAL CASH ADDITIONS 10,700.11 • REPORT OF PRINCIPAL ~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 3. CONTRIBUTIONS RECEIVED Contribution 02/29/1996 CONTRIBUTION FROM JUNE SHEAFFER FAM 57,731.17 IRREV TRUST Total Contribution 57,731.17 TOTAL CONTRIBUTIONS RECEIVED 4. ASSET SALES AND TRANSFERS Proceeds from Sale of Asset FED STOCK TRUST FUND #019 03/22/2004 Sold 86.605 units at 34.64 3,000.00 Purchased 10/22/2001 Long-term gain of 276.27 07/20/2004 Sold 58.875 units at 33.97 2,000.00 Purchased 10/22/2001 Long-term gain of 148.38 05/12/2005 Sold 83.195 units at 36.06 3,000.00 Purchased 10/22/2001 Long-term gain of 383.52 04/27/2006 Sold 464.396 units at 32.30 15,000.00 Purchased 10/22/2001 Long-term gain of 394.74 FEDERATED INCOME TRUST FUND #36 11/03/2000 Sold 497.512 units at 10.05 5,000.00 Purchased 03/20/1997 Long-term loss of 4.97 10/23/2001 Sold 778.727 units at 10.53 8,200.00 Purchased 03/20/1997 Long-term gain of 366.01 07/20/200~F Sold 382.409 units at 10.46 4,000.00 Purchased 03/20/1997 Long-term gain of 152.96 05/12/2005 Sold 287.632 units at 10.43 3,000.00 Purchased 03/20/1997 Long-term gain of 106.42 FED MID-CAP FUND #151 09/19/2003 Sold 226.501 units at 17.66 4,000.00 Purchased 10/22/2001 Long-term gain of 507.35 PAGE 47 57,731.17 • REPORT OF PRINCIPAL~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01/24/2006 Sold 131.176 units at 22.87 3,000.00 Purchased 10/22/2001 Long-term gain of 977.27 04/27/2006 Sold 291.667 units at 24.00 7,000.00 Purchased 10/22/2001 Long-term gain of 2,502.49 FEDERATED BOND FUND F #198 04/27/2006 Sold 1,652.237 units at 8.67 14,324.89 Purchased 12/19/2000 Long-term loss of 33.05 FED MANAGED GROWTH PORTFOLIO IS #376 10/23/2001 Sold 3,031.165 units at 10.95 33,191.26 Purchased 12/19/2000 Short-term loss of 5,607.65 FED MAN CONSERVATIVE GROWTH PORT IS #357 12/20/2000 Sold 3,639.673 units at 10.66 38,798.91 Purchased 03/20/1997 Long-term loss of 1,201.09 FED US GOVT SEC 1-3 YEAR FUND #9 07/30/1998 Sold 240.154 units at 10.41 2,500.00 Purchased 03/20/1997 Long-term gain of 26.41 08/13/1998 Sold 957.854 units at 10.44 10,000.00 Purchased 03/20/1997 Long-term gain of 134.11 09/29/1998 Sold 189.573 units at 10.55 2,000.00 Purchased 03/20/1997 Long-term gain of 47.40 12/02/1998 Sold 94.787 units at 10.55 1,000.00 Purchased 03/20/1997 Long-term gain of 23.69 01/05/1999 Sold 702.098 units at 10.53 7,393.09 Purchased 03/20/1997 Long-term gain of 161.48 FEDERATED GOVT SEC 2-5 YEAR FUND #47 05/11/1999 Sold 374.883 units at 10.67 4,000.00 Purchased 03/20/1997 Long-term gain of 104.97 PAGE 48 • REPOR T OF PRINCIPAL ~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 08/25/1999 Sold 949.668 units at 10.53 10 000 00 Purchased 03/20/1997 , . Long-term gain of 132.95 12/15/1999 Sold 840.993 units at 10.43 8 771 56 Purchased 03/20/1997 , . Long-term gain of 33.64 FEDERATED GOVT SEC 5-10 YEAR FUND #647 12/15/1999 Sold 665.302 units at 9.77 6 500 00 Purchased 03/20/1997 , . Long-term gain of 66.53 05/16/2000 Sold 263.435 units at 9.49 2 500.00 Purchased 03/20/1997 , Long-term loss of 47.42 12/20/2000 Sold 1,398.047 units at 10.27 14 357.94 Purchased 03/20/1997 , Long-term gain of 838.83 FEDERATED GOVT OBLIGATIONS FD #395 09/19/2003 Sold 650 units at 1.00 650 00 Purchased 09/18/2003 . No gain or loss 10/20/2003 Sold 551.83 units at 1.00 551 83 Purchased 09/18/2003 . No gain or loss 11/21/2003 Sold 650 units at 1.00 650 00 Purchased 09/18/2003 . No gain or loss 12/19/2003 Sold 598.92 units at 1.00 598 92 Purchased 09/18/2003 No gain or loss 01/20/2004 Sold 650 units at 1.00 650 00 Purchased 09/18/2003 . No gain or loss 02/06/2004 Sold 73 units at 1.00 73 00 Purchased 09/18/2003 . No gain or loss 02/19/2004 Sold 650 units at 1.00 650 00 Purchased 09/18/2003 . No gain or loss PAGE 49 REPORT OF PRINCIPA L ~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/22/2004 Sold 650 units at 1.00 650 00 Purchased 09/18/2003 . No gain or loss 04/07/2004 Sold 2,526.25 units at 1.00 2 526 25 Purchased 03/19/2004 , . No gain or loss TO INITIATE CASH SWEEP FED AUTOMATED GOVT MONEY TRUST #44 03/19/1997 Sold 142,731.18 units at 1.00 142 731 18 Purchased 02/29/1996 , . No gain or loss 12/17/1997 Sold 9,999.99 units at 1.00 9 999 99 Purchased 12/31/1995 , . No gain or loss ST. LAWRENCE BOROUGH AUTH MUNICIPAL BOND 4.75% 10/01/2007 11/20/1998 Sold 2,500 units at 1.00 2 500.00 Purchased 12/31/1995 , No gain or loss SAYRE BOROUGH HOSP MUNICIPAL BOND 6.29% 11/01/2002 06/18/1999 Sold 2,500 units at 1.00 2 500.00 Purchased 12/31/1995 , No gain or loss SOUTHEASTERN PA TRAN AUTHORITY MUNIC BOND 5.125% 09/01/2002 11/20/1998 Sold 2,500 units at 1.00 2 500.00 Purchased 12/31/1995 , Long-term loss of 25.00 05/30/2000 Sold 2,500 units at 1.00 2 500.00 Purchased 12/31/1995 , Long-term loss of 25.00 BOND CALLED COMMERCE BANK 07/31/1996 Sold 11,450 units at 1.00 11 450.00 Purchased 12/31/1995 , No gain or loss 09/24/1996 Sold 516.13 units at 1.00 516 13 Purchased 12/31/1995 . No gain or loss PAGE 50 REPO RT OF PRINCIPAL~ASH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/24/1996 Sold 305.91 units at 1.00 305 91 Purchased 12/31/1995 . No gain or loss 11/14/1996 Sold 6,070 units at 1.00 6 070.00 Purchased 12/31/1995 , No gain or loss 02/10/1997 Sold 483.75 units at 1.00 483 75 Purchased 08/31/1996 . No gain or loss 05/14/1997 Sold 120.32 units at 1.00 120 32 Purchased 08/31/1996 . No gain or loss 07/09/1997 Sotd 1,054 units at 1.00 1 054.00 Purchased 12/31/1995 , No gain or loss 07/09/1997 Sold 5,845 units at 1.00 5 845.00 Purchased 12/31/1995 , No gain or loss 09/29/1997 Sold 599.16 units at 1.00 599 16 Purchased 12/31/1996 . No gain or loss 11/18/1997 Sotd 1,987.03 units at 1.00 1 987.03 Purchased 12/31/1996 , No gain or loss 12/11/1997 Sold 1,122.25 units at 1.00 1,122.25 Purchased 12/31/1996 No gain or loss 02/11/1998 Sold 308 units at 1.00 308 00 Purchased on multiple dates . No gain or loss 02/13/1998 Sold 135 units at 1.00 135 00 Purchased 12/31/1996 . No gain or loss 03/09/1998 Sold 472.5 units at 1.00 472 50 Purchased on multiple dates . No gain or loss 04/13/1998 Sold 24 units at 1.00 24 00 Purchased 12/17/1997 . No gain or loss PAGE 51 • REPORT OF PRINCIPAL SH PAGE 52 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 05/08/1998 Sold 84 units at 1.00 84 00 Purchased 12/17/1997 . No gain or loss 06/10/1998 Sold 18 units at 1.00 18 00 Purchased 12/17/1997 . No gain or loss 06/22/1998 Sold 217.75 units at 1.00 217 75 Purchased 12/17/1997 . No gain or loss 07/29/1998 Sold 4,907.26 units at 1.00 4,907.26 Purchased 12/17/1997 No gain or loss 07/31/1998 Sold 1,030 units at 1.00 1,030.00 Purchased 07/30/1998 No gain or loss 08/13/1998 Sold 7 units at 1.00 7.00 Purchased 07/30/1998 No gain or loss 09/10/1998 Sold 18 units at 1.00 18.00 Purchased 07/30/1998 No gain or loss 12/01/1998 Sold 6,921.79 units at 1.00 6,921.79 Purchased 07/30/1998 No gain or loss 12/07/1998 Sold 7 units at 1.00 7.00 Purchased 12/02/1998 No gain or loss 12/10/1998 Sold 24 units at 1.00 24.00 Purchased 12/02/1998 No gain or loss 01/11/1999 Sold 7 units at 1.00 7.00 Purchased 12/02/1998 No gain or loss 01/21/1999 Sold 1,000 units at 1.00 1,000.00 Purchased 12/02/1998 No gain or loss 01/22/1999 Sold 9.46 units at 1.00 9 46 Purchased 12/29/1998 . No gain or loss • REPORT OF PRINCIPAL ~S H PAG E COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 02/18/1999 Sold 500 units at 1.00 500 00 Purchased 12/29/1998 . No gain or loss 03/02/1999 Sold 582.86 units at 1.00 582 86 Purchased 12/29/1998 . No gain or loss 03/22/1999 Sold 500 units at 1.00 500 00 Purchased 12/29/1998 . No gain or loss 03/31/1999 Sold 139 units at 1.00 139 00 Purchased 12/29/1998 . No gain or loss 04/20/1999 Sold 500 units at 1.00 500 00 Purchased 01/05/1999 . No gain or loss 05/18/1999 Sold 7 units at 1.00 7 00 Purchased 01/05/1999 . No gain or loss 08/24/1999 Sold 500 units at 1.00 500 00 Purchased 01/05/1999 . No gain or loss 09/08/1999 Sold 7 units at 1.00 7.00 Purchased 01/05/1999 No gain or loss 09/16/1999 Sold 486.42 units at 1.00 486.42 Purchased 01/05/1999 No gain or loss 09/20/1999 Sold 500 units at 1.00 500 00 Purchased 01/05/1999 . No gain or loss 10/20/1999 Sold 12 units at 1.00 12 00 Purchased 01/05/1999 . No gain or loss 10/25/1999 Sold 500 units at 1.00 500 00 Purchased 01/05/1999 . No gain or loss 11/24/1999 Sold 500 units at 1.00 500 00 Purchased 05/11/1999 . No gain or loss 53 REPORT OF P RINCIPAL~ASH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 12/03/1999 Sold 984 units at 1.00 Purchased 06/18/1999 No gain or loss 12/20/1999 Sold 500 units at 1.00 Purchased 06/18/1999 No gain or loss 12/29/1999 Sold 239.38 units at 1.00 Purchased 06/18/1999 No gain or loss 01/20/2000 Sold 500 units at 1.00 Purchased 06/18/1999 No gain or loss 02/16/2000 Sold 394.06 units at 1.00 Purchased 06/18/1999 No gain or loss 02/22/2000 Sold 500 units at 1.00 Purchased 08/25/1999 No gain or loss 02/29/2000 Sold 470.86 units at 1.00 Purchased 09/07/1999 No gain or loss 03/20/2000 Sold 500 units at 1.00 Purchased 12/15/1999 No gain or loss 03/28/2000 Sold 111.64 units at 1.00 Purchased 12/15/1999 No gain or loss 04/17/2000 Sold 114 units at 1.00 Purchased 12/15/1999 No gain or loss 04/24/2000 Sold 500 units at 1.00 Purchased 12/15/1999 No gain or loss 05/05/2000 Sold 3,537.59 units at 1.00 Purchased 12/15/1999 No gain or loss 06/20/2000 Sold 500 units at 1.00 Purchased 05/16/2000 No gain or loss 984.00 500.00 239.38 500.00 394.06 500.00 470.86 500.00 111.64 114.00 500.00 3,537.59 500.00 PAGE 54 REPORT OF PRINCIPALS H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 07/06/2000 Sold 996 units at 1.00 Purchased 05/16/2000 No gain or loss 07/18/2000 Sold 130 units at 1.00 Purchased 05/16/2000 No gain or loss 07/20/2000 Sold 500 units at 1.00 Purchased 05/16/2000 No gain or loss 08/18/2000 Sold 500 units at 1.00 Purchased 06/06/2000 No gain or loss 08/29/2000 Sold 430.23 units at 1.00 Purchased 06/06/2000 No gain or loss 09/20/2000 Sold 500 units at 1.00 Purchased 06/06/2000 No gain or loss 10/19/2000 Sold 500 units at 1.00 Purchased 06/06/2000 No gain or loss 10/19/2000 Sold 191.91 units at 1.00 Purchased 06/06/2000 No gain or loss 11/10/2000 Sold 100 units at 1.00 Purchased 06/06/2000 No gain or loss 11/20/2000 Sold 950 units at 1.00 Purchased 11/03/2000 No gain or loss 12/20/2000 Sold 569 units at 1.00 Purchased 11/03/2000 No gain or loss 02/22/2001 Sold 830.5 units at 1.00 Purchased 11/03/2000 No gain or loss 09/05/2001 Sold 1,430.14 units at 1.00 Purchased 11/03/2000 No gain or loss 996.00 130.00 500.00 500.00 430.23 500.00 500.00 191.91 100.00 950.00 569.00 830.50 1,430.14 PAGE 55 • REPORT OF PRINCIPAL ~S H PAGE 56 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 12/06/2001 Sold 1,045.5 units at 1.00 1 045 50 Purchased 11/03/2000 , . No gain or loss 01/31/2002 Sold 460.31 units at 1.00 460 31 Purchased 12/27/2000 . No gain or loss 04/01/2002 Sold 140 units at 1.00 140 00 Purchased 12/27/2000 . No gain or loss 04/30/2003 Sold 250 units at 1.00 250 00 Purchased 12/27/2000 . No gain or loss 08/21/2003 Sold 650 units at 1.00 650 00 Purchased 12/27/2000 . No gain or loss 09/05/2003 Sold 153.41 units at 1.00 153 41 Purchased 12/27/2000 . No gain or loss 10/20/2003 Sold 98.17 units at 1.00 98 17 Purchased 11/26/2001 . No gain or loss 12/19/2003 Sold 51.08 units at 1.00 51 08 Purchased 11/25/2003 . No gain or loss Total Proceeds from Sale of Asset 451,075.19 TOTAL ASSET SALES AND TRANSFERS 451,075.19 5. REFUNDS Refund 05/17/1999 COMMONWEALTH OF PA -TAX REFUND 12.00 06/05/2000 1999 PA 1041 REFUND 64.00 Total Refund 76.00 TOTAL REFUNDS 76.00 TOTAL PRINCIPAL CASH RECEIPTS 532,538.22 REPORT OF PRIN CIPAL~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 ~~~~~~~~~~~~~~~ PRINCIPAL CASH DISBURSEMENTS ~~~~~~~~~~~~~~~ 6. TAXES Taxes 02/11/1998 INTERNAL REVENUE SERVICE;1997 1041 -274 00 BALANCE DUE 25-6523161 . Check # 002536 02/11/1998 PA DEPARTMENT OF REVENUE;1997 PA41 -34 00 BALANCE DUE 25-6523161 . Check # 002546 Total Taxes -308.00 Estimated Federal Fid Inc Tx 04/17/2006 UNITED STATES TREASURY -29.00 25-6523161 Check # 015364 Total Estimated Federal Fid Inc Tx -29.00 Estimated State Fid Inc Tax 04/13/1998 PA DEPT OF REVENUE; PA 40ES -24 00 Check # 002689 . 06/10/1998 1998 FORM PA-40ES -18.00 Check # 002838 09/10/1998 PA DEPT. OF REVENUE; PA 41-ES -18.00 Check # 003129 12/10/1998 PA DEPT OF REVENUE -24.00 PA. DEPT. OF REVENUE; 1998 FORM PA-40ES Check # 003438 04/17/2006 PA DEPT OF REVENUE -3.00 25-6523161 Check # 015365 Total Estimated State Fid Inc Tax -87.00 Federal Fid Inc Tax, Bal Due 03/31/1999 INTERNAL REVENUE SERVICE;25-6523161;1998 BALANCE -139.00 DUE Check # 003780 04/17/2000 UNITED STATES TREASURY 1999 1041 BALANCE DUE -114.00 25-6523161 Check # 005034 04/17/2006 UNITED STATES TREASURY -112 04 25-6523161 . Check # 015301 Total Federal Fid Inc Tax, Bal Due -365.04 PAGE 57 State Fid Inc Tax, Bal Due REPORT OF PRINCIPAL~SH COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 04/15/2005 PA DEPT OF REVENUE 25-6523161 Check # 013061 04/17/2006 PA DEPT OF REVENUE 25-6523161 Check # 015302 Total State Fid Inc Tax, Bal Due TOTAL TAXES 7. ASSET PURCHASES AND TRANSFERS Purchase of an Asset FED STOCK TRUST FUND #019 10/23/2001 Purchased 913.122 units at 31.45 12/15/2005 Purchased 143.628 units at 31.87 FEDERATED INCOME TRUST FUND #36 03/19/1997 Purchased 1 units FED MID-CAP FUND #151 10/23/2001 Purchased 821.891 units at 15.42 12/15/2005 Purchased 27.429 units at 22.61 FEDERATED BOND FUND F #198 12/20/2000 Purchased 1,652.237 units at 8.69 FED MANAGED GROWTH PORTFOLIO IS #376 12/20/2000 Purchased 3,031.165 units at 12.80 FED US GOVT SEC 1-3 YEAR FUND #9 03/19/1997 Purchased 1 units FEDERATED GOVT SEC 2-5 YEAR FUND #47 03/19/1997 Purchased 1 units FEDERATED GOVT SEC 5-10 YEAR FUND #647 03/19/1997 Purchased 1 units FEDERATED MAN GROWTH & INCOME FUND #357 03/19/1997 Purchased 1 units FEDERATED GOVT OBLIGATIONS FD #395 09/19/2003 Purchased 4,000 units at 1.00 03/22/2004 Purchased 3,000 units at 1.00 FED AUTOMATED GOVT MONEY TRUST #44 PAGE 58 -5.28 -9.00 -14.28 -803.32 -28,717.70 -4, 577.44 -35,231.18 -12,673.56 -620.16 -14,357.94 -38,798.91 -22,500.00 -22,500.00 -22, 500.00 -40, 000.00 -4, 000.00 -3, 000.00 REPORT OF PRINCIPAL ~SH PAGE 59 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 02/29/1996 Purchased 57,731.17 units at 1.00 -57,731.17 COMMERCE BANK 08/31/1996 Purchased 4,756 units at 1.00 -4,756.00 12/31/1996 Purchased 5,566.91 units at 1.00 -5,566.91 12/17/1997 Purchased 3,100.99 units at 1.00 -3,100.99 01/05/1998 Purchased 2,296.16 units at 1.00 -2,296.16 07/30/1998 Purchased 1,457.26 units at 1.00 -1,457.26 09/29/1998 Purchased 1,519.53 units at 1.00 -1,519.53 11/20/1998 Purchased 5,000 units at 1.00 -5,000.00 12/02/1998 Purchased 961.79 units at 1.00 -961.79 12/29/1998 Purchased 1,693.39 units at 1.00 -1,693.39 01/05/1999 Purchased 2,292.05 units at 1.00 -2,292.05 05/11/1999 Purchased 610 units at 1.00 -610.00 05/17/1999 Purchased 12 units at 1.00 -12.00 06/18/1999 Purchased 2,500 units at 1.00 -2,500.00 08/25/1999 Purchased 774.85 units at 1.00 -774.85 09/07/1999 Purchased 38.2 units at 1.00 -38.20 12/15/1999 Purchased 4,196.94 units at 1.00 -4,196.94 12/28/1999 Purchased 944.49 units at 1.00 -944.49 01/04/2000 Purchased 43.97 units at 1.00 -43.87 05/16/2000 Purchased 1,697.59 units at 1.00 -1,697.59 06/05/2000 Purchased 64 units at 1.00 -64.00 06/06/2000 Purchased 2,500 units at 1.00 -2,500.00 11/03/2000 Purchased 4,550 units at 1.00 -4,550.00 12/27/2000 Purchased 1,906.46 units at 1.00 -1,906.46 11/26/2001 Purchased 207.12 units at 1.00 -207.12 REPORT OF PRINCIPAL~SH PAGE 60 COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 11/25/2003 Purchased 51.08 units at 1 00 . -51.08 Total Purchase of an Asset -355,948.84 TOTAL ASSET PURCHASES AND TRANSFERS 8. FEES Fees 08/13/1998 BANK WIRE FEE FOR FUNDS TRANSFERRED ON -7 00 8/13/98 . 12/07/1998 WIRE TRANSFER FEE FROM 12/2/98 -7.00 Total Fees -14.00 Fiduciary Tax Prep Fee 04/01/2002 FOR TAX YEAR ENDING 12/31/01 -140 00 04/30/2003 FOR TAX YEAR ENDING 12/31/02 . -250 00 04/29/2004 FOR TAX YEAR ENDING 12/31/03 . -250 00 05/10/2005 FOR TAX YEAR ENDING 12/31/04 . -212 15 03/14/2006 FOR TAX YEAR ENDING 12/31/05 . -275.00 Total Fiduciary Tax Prep Fee -1,127.15 Trustee Fees 05/13/2005 FOR 1 MONTH(S) ENDING 04/30/05 -104.17 Total Trustee Fees -104.17 Legal Fees 12/11/1997 GATES & ASSOCIATES, PC -1 122 25 GATES & ASSOCIATES, P.C.;REF #6696 , . Check # 002377 02/13/1998 GATES & ASSOCIATES, PC -135 00 GATES & ASSOC. REF #7048 . Check # 002550 02/22!2001 GATES & ASSOCIATES, PC -830 50 GATES & ASSOCIATES, P.C. STATEMENT #13039 . Check # 006114 Total Legal Fees TOTAL FEES 9. DISTRIBUTION OF PRINCIPAL Distribution of Principal 09/24/1996 EDWARD SHEAFFER;REIMBURSEMENT FOR MARCIA 337.10 FOR COLLEGE TEXT BOOKS Check # 1325 -2,087.75 -337.10 -355,948.84 -3, 333.07 REPORT OF PRINCIPAL C~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 09/24/1996 EDWARD SHEAFFER;REIMBURSEMENT FOR -179 03 KAITY 179.03 FOR COLLEGE TEXT BOOKS . Check # 1325 11/14/1996 MARCIA SHEAFFER -TUITION -5,095.00 Check # 1416 11/14/1996 EDWARD SHEAFFER -TUITION FOR KAITY -975.00 Check # 1415 02/10/1997 EDWARD SHEAFFER;REIMBURSEMENT FOR -483.75 KAITY/MARCIA COLLEGE TEXTBOOKS Check # 1599 11/18/1997 EDWARD SHEAFFER -1 881.24 REIMBURSEMENT FOR MARCIA'S COLLEGE , EXPENSES Check # 002333 11/18/1997 EDWARD SHEAFFER -105.79 REIMBURSEMENT FOR KAITY'S COLLEGE EXPENSES Check # 002333 12/17/1997 MARCIA SHEAFFER;SPRING'98 TUITION -5,845.00 CALIFORNIA LUTH Check # 002394 12/17/1997 KAITY SHEAFFER;SPRING'98 TUITION -1,054.00 SACRAMENTO UNIV Check # 002407 03/09/1998 EDWARD SHEAFFER -472.50 ED SHEAFFER - REIM. FOR COLLEGE BOOKS KAITY/MARSHA Check # 002609 05/08/1998 EDWARD SHEAFFER -84.00 REIMBURSE AIRFARE FOR MARCIA Check # 002775 06/22/1998 EDWARD SHEAFFER -217.75 REIMBURSE TUITION, BOOKS, & PARKING EXP -MARCIA Check # 002878 09/29/1998 KAITY SHEAFFER; REIMB FOR BOOKS, FALL, 1998 -191.74 Check # 003216 09/29/1998 MARCIA SHEAFFER; REIMB FOR BOOKS, -288.73 FALL, 1998 Check # 003217 12/01/1998 KAITY SHEAFFER; SPRING '99 TUITION -1,010.00 Check # 003404 12/01/1998 MARCIA SHEAFFER; SPRING '99 TUITION -5,950.00 Check # 003405 01/21/1999 KAITY SHEAFFER; RENT, FOOD & UTILITIES -1 000.00 Check # 003548 , 02/18/1999 KAITY SHEAFFER; RENT, FOOD & UTILITIES -500 00 Check # 003642 . 03/02/1999 EDWARD SHEAFFER -429 92 REIMBUSEMENT FOR KAITY-BOOKS, BED AND SUPPLIES Check # 003666 PAGE 61 REPORT OF PRINCIPAL ~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/02/1999 EDWARD SHEAFFER -152 94 REIMBURSEMENT FOR MARCIA'S BOOKS . Check # 003666 03/22/1999 KAITY SHEAFFER; DIST. FOR RENT, FOOD, -500 00 UTILITIES . Check # 003734 04/20/1999 KAITY SHEAFFER; RENT, UTILITIES, AND -500 00 FOOD . Check # 003913 05/11/1999 MARCIA SHEAFFER;TUITION, ROOM & BOARD, -3 390.00 PARKING, BOOKS FOR SUMMER SEMESTER , Check # 003973 08/24/1999 KAITY SHEAFFER; RENT, UTILITIES & FOOD -500 00 Check # 004295 . 08/24/1999 EDWARD SHEAFFER -9 225.15 REIMBURSE FOR MARCIA SHEAFFER'S FALL , , 1999 TUITION Check # 004301 09/16/1999 EDWARD SHEAFFER _282 12 REIMBURSE FOR KAITY'S FALL 1999 TEXT- BOOKS Check # 004380 09/16/1999 EDWARD SHEAFFER -204 30 REIMBURSE FOR MARCIA'S FALL 1999 . TEXTBOOKS Check # 004380 09/20/1999 KAITY SHEAFFER; MONTHLY DISTRIBUTION -500 00 Check # 004381 . 10/25/1999 MONTHLY DISTRIBUTION -500 00 Check # 004485 . 11/24/1999 KAITY SHEAFFER; MONTHLY DISTRIBUTION -500 00 Check # 004557 . 12/03/1999 EDWARD SHEAFFER -984 00 REIMBURSE FOR KAITY SHEAFFER'S SPRING . , 2000 TUITION AT SAN DIEGO STATE UNIVERSITY Check # 004581 12/16/1999 EDWARD SHEAFFER -11 074.62 REIMBURSE FOR MARCIA SHEAFFER'S SPRING , 2000 TUITION Check # 004624 12/20/1999 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 004644 12/29/1999 EDWARD SHEAFFER -239 38 REIMBURSEMENT FOR ADDITIONAL TUITION . DUE SPRING 2000 SEMESTER FOR MARCIA SHEAFFER Check # 004669 01/20/2000 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 004731 PAGE 62 REPORT OF PRINCIP AL C~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 02/16/2000 KAITY SHEAFFER -316 06 PRINCIPAL DISTRIBUTION . Check # 004807 02/16/2000 MARCIA SHEAFFER TRAHEY -78 00 PRINCIPAL DISTRIBUTION . Check # 004808 02/22/2000 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 004826 02/29/2000 EDWARD SHEAFFER -470 86 REIMBURSE FOR MARCIA SHEAFFER'S SPRING . 2000 TEXTBOOKS Check # 004852 03/20/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 004894 03/28/2000 MARCIA SHEAFFER TRAHEY -111 64 REIMBURSE FOR GRADUATION ANNOUNCEMENTS . AND CAP /GOWN RENTAL FOR COMMENCEMENT Check # 004912 04/24/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 005069 05/05/2000 KAITY SHEAFFER -390.00 DISTRIBUTION FOR PAYMENT OF SUMMER SCHOOL Check # 005131 05/05/2000 MARCIA SHEAFFER TRAHEY -3,450.00 DISTRIBUTION FOR PAYMENT OF SUMMER SCHOOL Check # 005132 05/18/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 005175 06/20/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 005302 07/06/2000 KAITY SHEAFFER -996.00 FALL 2000 REGISTRATION & PARKING FEES @ SAN DIEGO STATE UNIVERSITY Check # 005361 07/18/2000 MARCIA SHEAFFER TRAHEY -130.00 ENROLLMENT & PARKING @ AMERICAN RIVER FOR FALL 2000 SEMESTER Check # 005405 07/20/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 005410 08/18/2000 KAITY SHEAFFER -500.00 MONTHLY DISTRIBUTION Check # 005520 PAGE 63 REPORT OF PRINCIPAL ~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 08/29/2000 MARCIA SHEAFFER TRAHEY -430 23 REIMBURSE FOR CLASS & BOOKS -FALL . 2000 AMERICAN RIVER COLLEGE Check # 005544 09/20/2000 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 005607 10/20/2000 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 005686 10/20/2000 KAITY SHEAFFER -191 91 REIMBURSEMENT FOR BOOKS & TESTING AT . SAN DIEGO STATE UNIVERSITY, FALL 2000 Check # 005696 11/03/2000 MARCIA SHEAFFER TRAHEY -450 00 MAINTENANCE & SUPPORT WHILE ATTENDING . GRADUATE SHCOOL Check # 005735 11/03/2000 STOP PAY CHECK #5735 ON 11/13/00; CHECK WAS LOST 450 00 REPLACED WITH CHECK #5770 . 11/10/2000 MARCIA SHEAFFER TRAHEY -100 00 REIMBURSE FOR G.R.E. TESTING . Check # 005759 11/13/2000 MARCIA SHEAFFER TRAHEY -450 00 MAINTENANCE & SUPPORT WHILE ATTENDING . GRADUATE SCHOOL Check # 005770 11/20/2000 KAITY SHEAFFER -500 00 MONTHLY DISTRIBUTION . Check # 005788 11/20/2000 MARCIA SHEAFFER TRAHEY -450 00 MAINTENANCE & SUPPORT WHILE ATTENDING . GRADUATE SCHOOL Check # 005789 12/20/2000 MARCIA SHEAFFER TRAHEY -450 00 MAINTENANCE & SUPPORT WHILE ATTENDING . GRADUATE SCHOOL Check # 005892 12/20/2000 MARCIA SHEAFFER TRAHEY -119 00 REIMBURSEMENT FOR SPRING 2001 TUITION . , ETC. @ SACRAMENTO CITY COLLEGE Check # 005892 09/05/2001 MARCIA SHEAFFER TRAHEY -1 430.14 REIMBURSEMENT FOR GRADUATE SCHOOL; , FEES, TUITION & BOOKS Check # 006851 12/06/2001 MARCIA SHEAFFER TRAHEY -1 045.50 TUITION PAYABLE FOR GRADUATE SCHOOL , SPRING SEMESTER, 2002 Check # 007233 PAGE 64 • REP ORT OF PRINCIPAL C~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 01/31/2002 MARCIA SHEAFFER TRAHEY -460 31 REIMBURSE FOR TEXT BOOKS FOR GRADUATE . SCHOOL Check # 007476 08/21/2003 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010213 09/05/2003 MARCIA S. TRAHEY -98 41 REIMBURSEMENT FOR BOOKS . Check # 010276 09/05/2003 MARCIA S. TRAHEY -55 00 REIMBURSEMENT FOR ENROLLMENT & STUDENT . REPRESENTATIVE FEES Check # 010276 09/19/2003 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010382 10/20/2003 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010480 11/21/2003 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010592 12/19/2003 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010690 01/20/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 010896 02/06/2004 MARCIA S. TRAHEY -73 00 REIMBURSEMENT FOR ENROLLMENT & STUDENT . REPRESENTATIVE FEES Check # 010970 02/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011009 03/22/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011138 04/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011351 PAGE 65 • REPORT OF PRINCIPAL ~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 05/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011511 06/18/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011664 07/22/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011819 08/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 011911 09/17/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012051 10/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012188 11/19/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012317 12/17/2004 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012432 01/19/2005 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012645 02/18/2005 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012797 03/17/2005 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 012926 04/19/2005 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 013195 05/19/2005 MARCIA S. TRAHEY -650 00 DISTRIBUTION FOR RENT, FOOD AND . UTILITIES Check # 013340 PAGE 66 REPORT OF PRINCIPAL ~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 06/17/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 013504 07/19/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 013716 08/19/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 013894 09/19!2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014079 10/19/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014249 11/18/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014410 12/19/2005 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014570 01/19/2006 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014766 02/17/2006 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 014972 03/17/2006 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 015106 04/19/2006 MARCIA S. TRAHEY DISTRIBUTION FOR RENT, FOOD AND UTILITIES Check # 015459 Total Distribution of Principal Partial Distr. of Principal 07/18/1996 MARCIA SHEAFFER TUITION FOR FALL 96 Check # 1219 07/18/1996 MARCIA SHEAFFER TUITION FOR SPRING 97 Check # 1220 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -650.00 -93,399.12 -5, 095.00 -5, 095.00 PAGE 67 • REPORT OF PRINCIPAL ~H PA GE COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 07/18/1996 EDWARD SHEAFFER FOR TUITION FOR KAITY -1 260 00 & REIMBURSE FOR COLLEGE APPLICATION , . AND FEES Check # 1221 05/14/1997 EDWARD SHEAFFER;REIMBURSEMENT FOR -120 32 COLLEGE EXPENSES . Check # 1831 07/09/1997 KAITY SHEAFFER;FALL 1997 TUITION AND -1 054 00 PARKING PASS AT SACRAMENTO STATE , . UNIVERSITY Check # 1955 07/09/1997 MARCIA SHEAFFER;FALL 1997 TUITION AT -5 845 00 CALIFORNIA LUTHERAN , . Check # 1956 09/29/1997 EDWARD SHEAFFER -535 16 KAITY & MARCIA'S BOOKS FOR FALL 97 . Check # 002220 09/29/1997 EDWARD SHEAFFER -64 00 KAITY -BOOK . Check # 002221 07/29/1998 KAITY SHEAFFER;FALL 98 TUITION & -1 030 00 PARKING AT SACRAMENTO STATE UNIVERSITY , . Check # 002982 07/29/1998 MARCIA SHEAFFER; FALL 98; TUITION AT -5 950 00 CALIFORNIA LUTHERAN UNIVERSITY , . Check # 002984 08/12/1998 UNIVERSITY HONDA; PURCHASED CAR FOR -10 000.00 MARCIA , Check # 2021 01/04/1999 THE GOLDEN ONE CREDIT UNION; PAYOFF -5 325 34 CAR LOAN FOR KAITY , . Check # 003511 68 Total Partial Distr. of Principal -41,373.82 TOTAL DISTRIBUTION OF PRINCIPAL -134,772.94 10. TRANSFERS FROM PRINCIPAL TO INCOME Transfer Principal to Income 09/01/1996 -305.91 04/12/2006 TAX PAYMENTS -146.88 Total Transfer Principal to Income -452 79 TOTAL TRANSFERS FROM PRINCIPAL TO INCOME -452.79 11. MISCELLANEOUS DISBURSEMENTS Miscellaneous Disbursement 01/11/1996 EDWARD SHEAFFER -199.00 Check # 1755 • REP ORT OF PRINCIPAL C~H COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/05/1996 TO EDWARD SHEAFFER FOR COLLEGE APPLICATION Check # 1868 01/22/1999 FED EX CHARGE FOR OVERNIGHT LETTER SENT ON 1/5/99 10/20/1999 PA DEPARTMENT OF REVENUE RETURN TAX REFUND FOR TAX YEAR 1998 PA41; 25-6523161 Check # 004478 04/28/2006 KAITY M. SHEAFFER; REIMBURSEMENT OF DOWN PAYMENT ON CONDO Check # 015533 Total Miscellaneous Disbursement Bank Wire Fee 01/11/1999 COMMERCE BANK WIRE FEE CHARGE 05/18/1999 COMMERCE BANK WIRE FEE CHARGE 09/08/1999 COMMERCE BANK WIRE FEE CHARGE Total Bank Wire Fee TOTAL MISCELLANEOUS DISBURSEMENTS TOTAL PRINCIPAL CASH DISBURSEMENTS PRINCIPAL CASH BALANCE PAGE 69 -140.00 -9.46 -12.00 -35, 000.00 -35,360.46 -7.00 -7.00 -7.00 -21.00 -35,381.46 -530,692.42 1.845.80 REPORT OF NON-CASH ~RIE S COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 ~~~~~~~~~~~~~~~ NON-CASH DECREASES ~~~~~~~~~~~--~~~ 1. NON-CASH TRANSFER OUT Non-Cash Transfer Out FEDERATED MAN GROWTH & INCOME FUND #357 01/31/2000 3,639.673 units -40,000.00 EXCHANGE DUE TO NAME CHANGE Total Non-Cash Transfer Out TOTAL NON-CASH TRANSFER OUT TOTAL NON-CASH DECREASES ~~~~~~~~~~~~~~~ NON-CASH INCREASES ~~~~~~~~~~~~~~~ 2. NON-CASH TRANSFER IN Non-Cash Transfer In FED MAN CONSERVATIVE GROWTH PORT IS #357 01/31/2000 3,639.673 units EXCHANGE DUE TO NAME CHANGE COMMERCE BANK 06/08/1999 .32 units at 1.00 TRANSFER FROM JUNE SHEAFFER FAMILY TRUST TO JUNE SHEAFFER IRREV TRUST FBO ED SHEAFFER 06/08/1999 37.72 units at 1.00 TRANSFER FROM JUNE SHEAFFER FAMILY TRUST TO JUNE SHEAFFER IRREV TRUST FBO ED SHEAFFER 06/08/1999 27.55 units at 1.00 TRANSFER FROM JUNE SHEAFFER FAMILY TRUST TO JUNE SHEAFFER IRREV TRUST FBO ED SHEAFFER -40, 000.00 40, 000.00 32 37.72 27.55 Total Non-Cash Transfer In 40,065.59 TOTAL NON-CASH TRANSFER IN 3. UNITS ADJUSTMENT Units Adjustment FEDERATED INCOME TRUST FUND #36 PAGE 70 -40,000.00 -40,000.00 40,065.59 REPORT OF NO - N CASH E~RIES COMMUNITY TRUST COMPANY TRUSTEE OF THE JUNE E SHEAFFER FAMILY IRREV TR FBO EDWARD SHEAFFER, DTD: 02/13/95 ACCOUNT 2100118 FOR DATES 01/01/1996 TO 04/30/2006 03/19/1997 3,501.105 units 0.00 FED US GOVT SEC 1-3 YEAR FUND #9 03/19/1997 2,183.466 units 0.00 FEDERATED GOVT SEC 2-5 YEAR FUND #47 03/19/1997 2,164.544 units 0.00 FEDERATED GOVT SEC 5-10 YEAR FUND #647 03/19/1997 2,325.784 units 0.00 FEDERATED MAN GROWTH & INCOME FUND #357 03/19/1997 3,638.673 units 0.00 SOUTHEASTERN PA TRAN AUTHORITY MUNIC BOND 5.125% 09/01/2002 11/19/1998 -25 units 0.00 11/19/1998 -25 units 0.00 COMMERCE BANK 11/30/1997 3.87 units 0.00 Total Units Adjustment TOTAL UNITS ADJUSTMENT TOTAL NON-CASH INCREASES 0.00 PAGE 71 0.00 40, 065.59 • VERIFICATION On this ~~ day of May, 2006, Susan A. Russell, Vice President of Community Trust Company, Trustee of the June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer, U/A Dated February 13, 1995, hereby declares under oath that said Trustee has fully and faithfully discharged the duties of its office; that the foregoing First and Partial Account consisting of PART I and PART II, totaling -pages, cover pages and exhibits is true and correct, and fully discloses all significant transactions occurring during the accounting period; that all known claims against the trust during the accounting period have been paid in full; that, to its knowledge, as of Apri130, 2006 there were no claims outstanding against the trust; and that as of Apri130, 2006 all taxes due from the trust were paid. COMMUNITY TRUST COMPANY TRUSTEE K Dated: May ~~ , 2006 By: Susan A. Russel ,Vice President SWORN TO and subscribed before me this I~ "` day of May, 2006. Notary Public Victala ~~SVo ry Public Lemma gp~p ~~ MY Comrrrission E~~ qu9• ~, 2006 Member. PenrlsVlvania ASarx~atinn M Notaries • 1N RE: : IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER :CUMBERLAND COUNTY, PENNSYLVANIA FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER U/A :ORPHAN'S COURT DIVISION Dated February 13, 1995 No. STATEMENT OF PROPOSED DISTRIBUTION The Trustee/Accountant proposes the following schedule of proposed distribution: TO: LAW FIRM OF GATES, HALBRUNER & HATCH, P.C. (1) $3,875.00 for legal fees incurred for preparation of the First & Final Account, the Petition for Approval of the First & Final Account, and the Application for Termination, plus disbursements including filing fees, advertising costs and U.S. Post Office Certified Mailing expense; TO: COMMUNITY TRUST COMPANY (2) $1,250.00 for termination fee; TO: 2006 FIDUCIARY TAX PREPARATION) (3} $525.00 (Cash Reserve) TO: EDWARD L. SHEAFFER, (4) The balance remaining on hand after payment of the foregoing amounts, which will be approximately $26,697.40, pursuant to ARTICLE IV. 4.01 (E) of the Trust and the Order of this Court, directing termination of the said Trust. ~ t AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS: I hereby certify that on this ~ day of May, 2006, before me, the subscriber, a Notary Public in and for the aforesaid Commonwealth and County, personally appeared the affiant, SUSAN A. RUSSELL, who acknowledged herself to be the President & CEO of COMMUNITY TRUST COMPANY, Trustee of THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER U/A Dated February 13, 1995, who being duly sworn according to law, she as such President, being authorized to do so, deposes and says that, to the best of her knowledge, the facts averred in the foregoing First and Final Account are true and correct and accurately state all the income, principal, debits and credits which came into her possession as President of the Trustee of THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER or into the possession of any other agent(s) for said Trustee. The affiant further says that she gave written notice of the foregoing First and Final Account to all beneficiaries, remaindermen and other parties interested in the JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER SWORN TO and subscribed before me this ~°j day of May, 2006. Notary Public COMMUNITY TRUST COMPANY, TRUSTEE: By: SUSAN A. RUS ELL, President te~rwMe PubWc ^'~Y sdon ~"es ~. ~~2oos Member. Fe-msvhiama 4e~ ~N~taries .y • IN THE MATTER OF: IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER CUMBERLAND COUNTY FAMILY IRREVOCABLE TRUST PENNSYLVANIA f/b/o EDWARD L. SHEAFFER U/A ORPHANS' COURT DIVISION Dated February 13,1995 No. ~ _ q'S ~~ 3 PETITION FOR APPROVAL OF FIRST AND FINAL ACCOUNT The petition of Community Trust Company, Trustee as herein described (herein referred to as "Accountant" or "Trustee"), by and through its Attorneys, Gates, Halbruner & Hatch, P.C., respectfully represents the following: 1. The principal corporate office of the Accountant is 3907 Market Street, Camp Hill, Cumberland County, Pennsylvania 17011. 2. On February 13, 1995, June E. Sheaffer, as Settlor, signed and executed The June E. Sheaffer Family Irrevocable Trust (herein referred to as the "Trust" or the "Trust Agreement"). A copy of the Trust Agreement is attached to this Petition as Exhibit "A". 3. The Trust Agreement originally named Pennsylvania Fiduciary and Estate Services, Inc. as the Trustee. On October 1, 1998, by corporate conversion, Pennsylvania Fiduciary and Estate Services, Inc. was converted to Community Trust Company, a trust company regulated by the Pennsylvania Department of Banking. Community Trust Company is the successor-in-interest to Pennsylvania Fiduciary and Estate Services, Inc. 1 • 4. Article III, Sections 3.02 and 3.03 of the Trust provides, in pertinent part, that the Trustee shall pay all of the net income of the Trust to the Settlor unless the Settlor should reside in a long-term care facility for a period greater than thirty (30) days. 5. Upon the death of the Settlor, fifty percent (50%) of the remaining trust estate shall be held in further separate trust for the benefit of the Settlor's son, Stanley Sheaffer, and fifty percent (50%) of the remaining trust estate shall be held in further separate trust for the benefit of Settlor's son, Edward L. Sheaffer. 6. The Settlor, June E. Sheaffer, died a resident of 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pennsylvania, on March 17, 1995. 7. It is respectfully brought to the Court's attention that as a result of an enhanced computerized fiduciary accounting system initiated by the Accountant Trustee on 01/01/1996, the Account submitted herewith includes PART I, covering the transaction information for the period 03/17/1995 through 12/31/1995, and PART II, covering the transaction information for the period 01/01/1996 through 04/30/2006. 8. Pursuant to ARTICLE VI, Section 6.05 of the Trust Agreement, entitled "Construction of Trust," the situs of the Trust is Cumberland County, Pennsylvania. 9. No other court or governmental entity has heretofore taken jurisdiction of any matter relating to this Trust. 10. An accounting of this Trust was not heretofore filed by the Accountant. 12. Accountant Trustee offers this Account for the purpose of seeking approval by the Court of prior transactions, expenses, distributions and disbursements. 2 • • 13. The names, address, relationships and interests of all persons or entities having any interest in the Trust are as follows: (A) Edward L. Sheaffer resides at 3437 Huntsman Drive, Sacramento, CA 95826. Edward L. Sheaffer is a fifty percent (50%) lifetime secondary beneficiary of the trust after the death of Settlor, June E. Sheaffer. His beneficial interest consists of annual income and principal payments pursuant to ARTICLE III, TRUST DISTRIBUTIONS, Sections 3.03 (A) (1) - (5) of the Trust. Edward L. Sheaffer is not the subject of a guardian or committee of any type; and, (B) Marcia Sheaffer Trahey resides at 3437 Huntsman Drive, Sacramento, CA 95826. Marcia Sheaffer Trahey is the child of Edward L. Sheaffer and is named as a tertiary beneficiary of the Trust upon the death of Edward L. Sheaffer pursuant to ARTICLE III, TRUST DISTRIBUTIONS, Section 3.03 (A) (5). Marcia Sheaffer Trahey is not the subject of a guardian or committee of any type; and, (C) xaity Sheaffer resides at c/o CED 5457 Ruffin Road, San Diego, CA 92123. Kaity Sheaffer is the child of Edward L. Sheaffer and is named as a tertiary beneficiary of the Trust upon the death of Edward L. Sheaffer pursuant to ARTICLE III, TRUST DISTRIBUTIONS, Section 3.03 (A) (5). Kaity Sheaffer is not the subject of a guardian or committee of any type; and, (D) Bryant Sheaffer resides at 8768 Sugarnotch Court, Elk Grove, CA 95758. Bryant Sheaffer is the child of Edward L. Sheaffer and is named as a tertiary beneficiary of the Trust upon the death of Edward L. Sheaffer pursuant to ARTICLE III, 3 • TRUST DISTRIBUTIONS, Section 3.03 (A) (5). Bryant Sheaffer is not the subject of a guardian or committee of any type; and, (E) Edward L. Sheaffer has no other children than those three children listed above. 14. All of the above-described parties having any interest in the Trust and any unpaid creditors of the Trust have had actual notice of the filing of the Account and this audit. 15. All disbursement and distributions to or on behalf of the Settlor and beneficiaries, and payment of expenses incurred by the Trust were authorized by the Trust Agreement and approved by the Trustee. 16. No share of any party in interest has been assigned or attached. 17. The Accountant requests that the Court approve and confirm a Statement of Proposed Distribution. 18. Your petitioner therefore asks that this Court approve and confirm all prior transactions, expenses, distributions and disbursements paid from the Trust as outlined in Parts I & II of the attached Account. GATES, HAL~tUNER & HATCH, PC S BY: "Lowell~k. Gates, Esq. 4 • • COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS: The above named Petitioner/Accountant, being duly sworn, does depose and say that the facts set forth in the foregoing Petition which are within the personal knowledge of the Petitioner are true, and as to the facts based on the information of others, and after diligent inquiry, believes them to be true. COMMUNITY TRUST COMPANY, TRUSTEE v BY: Susan A. Russell, President & CEO SWORN TO and subscribed before me this I ~''~day of May, 2006 Notary Public Victoria M. R, ~y P~ ~emoyns Boro, Cures ~~ I ^M' Conxnission Expires Aug. 27, 200F. ~ Member. PP~~~M~ Ass ' rXY~'iti~ln 'lf ~~,.~.,,: ~,. 5 • THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER U/A Dated February 13,1995 FIRST AND FINAL ACCOUNT EXHIBIT A Copy of The June E. Sheaffer Family Irrevocable Trust U/A Dated February 13,1995 '~~ ~ ,,~, ^UNTY-FA JUNE E . SHL'A~'F~~ "~.1~I~Y IRREVOCABLE ~ ~ ST A~ 1~ ~7 TH TRUST AGREEMENT is executed in triplicate on this ~~ day of -~- ~ 1995, by and between JUNE E. SHEAFFER, by an through her attorney-in-fact, CURT H. ZIMMERMANN, now of 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pennsylvania 17011 (hereinafter called "Settlor"), and PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., a Pennsylvania corporation with its principal office at 600 North 12th Street, Suite 4, Lemoyne, Cumberland County, Pennsylvania 17043 (hereinafter called "Trustee"). ARTICLE I. TRUST ESTATE 1.01. Initial Principal. Settlor, desiring to establish an irrevocable trust, does hereby irrevocably transfer, assign and deliver to the Trustee, and its successors and assigns, the assets listed on Schedule A attached hereto and made a part hereof. As further evidence of such assignment, Settlor has executed or will execute or cause to be executed such other instruments as may be required for the purpose of completing the assignment or transfer of title to such property to the Trustee. The Trustee accepts such transfer and assignment to itself as Trustee, and the Trustee undertakes to hold, manage, invest and reinvest the assets of this Trust and to distribute the income and principal of the Trust in accordance with the provisions of this Agreement. 1.02. Additional Principal. The Settlor and any other person(s), with the consent of the Trustee, shall have the right at any time to make additions to the corpus of this Trust or any share thereof hereby established. All such additions shall be held, governed and distributed by the Trustee in accordance with the terms and conditions of this Agreement. ARTICLE II. IRREVOCABILITY OF TRUST 2.01. Irrevocability. Settlor has been advised of the consequences of an irrevocable trust and hereby declares that this Trust shall be irrevocable and shall not be altered, amended, revoked or terminated by Settlor or any other person(s). ARTICLE III. TRUST DISTRIBUTIONS 3.01. Trust Principal. The entire corpus of this Trust, including the assets initially transferred to this Trust, subsequent additions to this Trust and the proceeds of any sale, exchange or investment of such Trust assets, shall be used for the purposes herein contained. 3.02. Distributions During the Settlor~s Lifetime. During the Settlor's lifetime, the Trustee shall distribute all of the net income of the Trust to, or for the benefit of, the Settlor, provided that if the Settlor should reside in a long-term care facility for a period greater than thirty (30) days, then the Trustee shall discontinue all distributions of income to the Settlor and shall thereafter accumulate the Trust net income and add the net income to the Trust principal. The Trustee shall make no distributions of principal to, or for the benefit of, the Settlor. 3.03. Subsec~tuent Distributions. Upon the Settlor's death, FIFTY PERCENT (50~) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, STANLEY 3HEAFFER, and FIFTY PERCENT (508x) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, EDgPARD L. SHEAFFER, in accordance with the terms set forth in Paragraph 3.03(A), below. If any of Settlor's children predecease the Settlor, then upon Settlor's death, the predeceased child's share of the remaining trust estate shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the predeceased child~s issue in accordance with the terms set forth in Paragraph 3.03(B), below. (A) The separate trusts for the benefit of Settlor's children shall be held, administered and distributed as follows: (1) The Trustee shall pay to, or for the benefit of, each child all of the net income from the child's separate trust. Payments of income shall be made in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (2) The Trustee shall pay to, or for the benefit of, each child as much of the principal from the child's separate trust as the Trustee, in its sole discretion, from time to time deems advisable for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child. (3) The Trustee is also authorized to make discretionary payments of principal from each child's separate trust for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child's issue. (4) Discretionary payments of principal from each child's separate trust are authorized to defray the expenses of illness or emergency affecting the child or the child's issue. Such payments shall either be paid to the child or the child's issue, or else applied directly 2 for their benefit by the Trustee. To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the beneficiary rather than directly to the beneficiary. (5) Upon the respective deaths of Settlor~s children, the remaining estate of the deceased child~s separate trust shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the deceased child~s issue in accordance with the terms set forth in Paragraph 3.03(B), below. (B) The separate trusts established for the benefit of the respective issue of Settlor~s children (each such issue herein referred to as the "Beneficiary°) shall be held, administered and distributed as follows: (1) During the minority of each Beneficiary, which is defined as not having attained age twenty-two (22), the Trustee shall accumulate any part or all of the net trust income or pay as much of the net trust income to, or for the benefit of, the Beneficiary as the Trustee, in its sole discretion, determines to be reasonably necessary for the Beneficiary's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). Any income not so paid shall be added to the principal of the Beneficiary~s separate trust. To the extent possible, all payments of income shall be paid directly to the third-party for the benefit of the Beneficiary rather than directly to the Beneficiary. (2) After the Beneficiary has attained the age of twenty-two (22) years, the Trustee shall pay all of the income to, or for the benefit of, the Beneficiary in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (3) The Trustee shall pay to, or for the benefit of, the Beneficiary, such sums from or any part or all of the principal as the Trustee may, in its sole discretion, determine to be reasonably necessary for the Beneficiary~s needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the Beneficiary rather than directly to the Beneficiary. (4) The Trustee shall pay to, or for the benefit of, the Beneficiary, upon his/her attaining the age of 3 • • thirty (30), the entire principal of the Beneficiary~s separate trust remaining at that time. (5) Upon the death of a Beneficiary prior to his/her thirtieth (30th) birthday, the Trustee shall pay the remaining principal, if any, in equal shares to the Beneficiary~s then-living issue, or if the Beneficiary has no such issue, in equal shares, per capita., to the then-living issue of Settlor~s children, provided that any such distribution shall be added to the recipients separate trust if a trust is then in existence. 3.04. Broad 3necial Pov~er of AnDOintment. The Settlor, JUNE E. SHEAFFER, is hereby granted the special power to appoint, at any time and from time to time, the principal of this Trust, in whole or in part, and in any manner and in such proportions as she deems advisable to whomever she desires. This power shall be exercisable by her Will, specifically referring to this Paragraph 3.04. This special power of appointment does not grant to JUNE E. SHEAFFER the power to appoint the principal of this trust to herself, her estate, her creditors or the creditors of her estate. If JUNE E. $HEAFFER fails, either in whole or in part, to exercise the special power of appointment herein granted, the unappointed principal shall continue in trust and shall be administered according to the terms of this Trust. ARTICLE IV. PO~PRR3 OF TRUSTEE 4.01. General Powers. In addition to such other powers and duties as may have been granted elsewhere in this Trust, but subject to any limitations contained elsewhere in this Trust, the Trustee shall have the following powers and duties: (A) In the management, care and disposition of this Trust, the Trustee shall have the power to do all things and to execute such deeds, instruments, and other documents as may be deemed necessary and proper,~including the following powers, all of which may be exercised without order of or report to any court:' (1) To sell, exchange, or otherwise dispose of any property, real, personal or mixed, wheresoever located, at any time held or acquired hereunder, at public or private sale, for cash or on terms as may be determined by the Trustee, without advertisement, including the right to lease for any term notwithstanding the period of the Trust, and to grant options, including an option for a period beyond the duration of the Trust. (2) To invest all monies in such stocks, bonds, securities, investment companies or trust shares, mortgages, notes, choses in action, real estate, improvements thereon, and other property as the Trustee 4 • may deem best, without regard to any law now or hereafter in force limiting investments of fiduciaries; except that the Trustee may not invest in any stock or securities issued by the corporate Trustee or issued by a parent or affiliate company of such Trustee. (3) To retain for investment any property deposited with the Trustee hereunder; except that the Trustee may not retain for investment any stock or securities in the corporate Trustee or in a parent or affiliate company of such Trustee. (4) To vote in person or by proxy any corporate stock or other security and to agree to or take any other action in regard to any reorganization, merger, consolidation, liquidation, bankruptcy or other procedure or proceedings affecting any stock, bond, note or other security held by this Trust. (5) To use lawyers, real estate brokers, accountants and any other agents, if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Trust and to agree to any rescission or modification of any contact or agreement affecting the Trust. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging, pledging or conveying any property of the Trust, including the power to borrow from the Trustee (in the Trustees individual capacity) at a reasonable rate of interest. (8) To retain and carry on any business in which the Trust may acquire any interest, to acquire additional interests in any such business, to agree to the liquidation in kind of any corporation in which the Trust may have any interest and to carry on the business thereof, to join with other owners in adopting any form of management for any business or property in which the Trust may have an interest, to become or remain a partner, general or limited, in regard to any such business or property and to hold the stock or other securities as an investment, and to employ agents, and confer on them authority to manage and operate the business, property or corporation, without liability for the acts of any such agent of or for any loss, liability or indebtedness of such business if the management is selected or retained with reasonable care. 5 (9) To register any stock, bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity, but accurate records shall be maintained showing that the stock, bond or other security is a trust asset and the Trustee shall be responsible for the acts of the nominee. (B) Whenever the Trustee is directed to distribute any trust principal in fee simple to a person who is then under twenty-one (21) years of age, the Trustee shall be authorized to hold such property in trust for such person until he becomes twenty-one (21) years of age, and in the meantime shall use such part of the income and the principal of the trust as the Trustee may deem necessary to provide for the proper support and education of such person in the standard of living to which he has become accustomed. If such person should die before becoming twenty-one (21) years of age, the property then remaining in trust shall be distributed to the personal representative of such person's estate. (C) In making distributions from the Trust to or for the benefit of any minor or other person under a legal disability, the Trustee need not require the appointment of a guardian, but shall be authorized to pay or deliver the distribution to the custodian of such person, to pay or deliver the distribution to such person without the intervention of a guardian, to pay or deliver the distribution to the legal guardian of such person if a guardian has already been appointed, or to use the distribution for tYle benefit of such person. (D) In the distribution of the Trust and any division into separate trusts and shares, the Trustee shall be authorized to make the distribution and division in money or in kind or in both, regardless of the basis for income tax purposes of any property distributed or divided in kind, and the distribution and division made and the values established by the Trustee shall be binding and conclusive on all persons taking hereunder. The Trustee may in making such distribution or division allot undivided interests in the same property to several trusts or shares. (E) If at any time after Settlor's death the total fair market value of the assets of any trust established or to be established hereunder is so small that the corporate Trustee's annual fee for administering the trust would be equal to or less that the minimum annual fee set forth in the Trustee's regularly published fee schedule, then the Trustee in its discretion shall be authorized to terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such trust shall be distributed to the persons who are then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee, then the Trustee shall distribute 6 i ~ the property among such of the persons to whom the Trustee is authorized to distribute income, and in such proportions, as the Trustee in its discretion shall determine. (F) The Trustee shall be authorized to lend or borrow, including the right to lend to or borrow from the Settlor~s estate, at an adequate rate of interest and with adequate security and upon such terms and conditions as the Trustee shall deem fair and equitable. (G) The Trustee shall be authorized to sell or purchase, at the fair market value as determined by the Trustee, any property to or from Settlor~s estate or any trust created by Settlor during life or by will, even though the same person or corporation may be acting as executor of Settlor~s estate or as trustee of any other such trusts and as the Trustee of this Trust. (H) The Trustee shall have discretion to determine whether items should be charged or credited to income or principal or allocated between income and principal as the Trustee may deem equitable and fair under all the circumstances, including the power to amortize or fail to amortize any part or all of any premium or discount, to treat any part or all of the profit resulting from the maturity or sale of any asset, whether purchased at a premium or at a discount, as income or principal or apportion the same between income and principal, to apportion the sales price of any asset between income and principal, to treat any dividend or other distribution on any investment as income or principal or to apportion the same between income or principal, to charge any expense against income or principal or apportion the same, and to provide or fail to provide a reasonable reserve against depreciation or obsolescence on any asset subject to depreciation or obsolescence, all as the Trustee may reasonably deem equitable and just under all of the circumstances. ARTICLE V. SPENDTHRIFT PROVISION 5.01. General Provision. No beneficiary shall have the power to anticipate, encumber or transfer his interest in the Trust Estate in any manner other than by the valid exercise of a power of appointment. No part of the trust estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. ARTICLE VI. CONSTRUCTION OF TRUST 6.01. Choice of Law. This Trust shall be administered and interpreted in accordance with the laws of the Commonwealth of Pennsylvania. 6.02. Code. Unless otherwise stated, all references in 7 • • this Trust to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or corresponding provisions of any subsequent federal tax laws applicable to this Trust. 6.03. Other Terms. Unless the context otherwise requires, the use of one or more genders in the text includes all other genders, and the use of either the singular or the plural in the text includes both the singular and the plural. 6.04. Captions. The captions set forth in this Agreement at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. 6.05. Situs of Trust. The Trust shall have its legal situs in Cumberland County, Pennsylvania. ARTICLE VII. COMPENSATION OF TRUSTEE AND APPOINTMENT OF SOCCESSOR TRUSTEE 7.01. Compensation. The Trustee shall receive as its compensation for the services performed hereunder that sum of money, based on an hourly charge or percentage rate, which the Trustee normally and customarily charges for performing similar services during the time in which it performs these services. 7.02. Removal or Resic~aatioa of Trustee. Settlor may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. After the Settlor~s death, a majority of the current income beneficiaries may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. The Trustee may resign at any time upon thirty (30) days written notice given to the Settlor if Settlor is living, or after the Settlor~s death, upon thirty (30) days written notice given to the current income beneficiaries, hereunder. Upon the removal or resignation of the Trustee, a successor trustee shall be appointed in accordance with the terms set forth in Paragraph 7.03, below. 7.03. Appointment of Successor Trustee. Upon the death, resignation, removal or incapacity of the Trustee, a successor trustee may be appointed by the Settlor during Settlor~s lifetime, or after Settlor~s death, by a majority of the current income beneficiaries. Any successor trustee thus appointed shall be a financially sound and competent corporate trustee. Any successor trustee, or if the Trustee shall merge with or be consolidated with another corporate fiduciary, then such corporate fiduciary, shall succeed to all the duties and powers, including discretionary powers, herein granted to the Trustee. 8 • ARTICLE VIII. PERPETUITIES CLAUSE 8.01. General Provision. Notwithstanding anything to the contrary in this Trust, each disposition Settlor has made herein, legal or equitable, to the extent it can be referred in its postponement of becoming a vested interest to a duration measured by some life or lives in being at the time of Settlor~s death, is definitely to vest in interest, although not necessarily in possession, not later than twenty-one (21) years after such lives (and any period of gestation involved); or to the extent it cannot be referred in any such postponement to such lives, is to so vest not later than twenty-one (21) years from the time of Settlor~s death. ARTICLE IX. ACQUISITION OF UNITED STATES TREASURY BONDS ELIGIBLE FOR TAX PAYMENT; PAYMENT OF TAXES, FUNE~tAL EXPENSES AND EXPENSES OF ADMINISTRATION 9.01. Acquisition of Bonds. The Trustee may, at any time, without the prior approval or direction of the Settlor and whether or not the Settlor is able to manage Settlor~s own affairs, acquire United States Treasury Bonds selling at a discount, which bonds are redeemable at their par value plus accrued interest thereon for the purposes of applying the proceeds to the payment of the United States estate tax on the Settlor~s estate; and the Trustee may borrow from any lender, including itself, with or without security, to so acquire these bonds. 9.02. Payment of United States Estate Tax by Bond Redemption. The Settlor directs that any United States Treasury Bonds which may be redeemed at their par value plug accrued interest thereon for the purpose of applying the proceeds to the payment of the United States estate tax imposed on the Settlor~s estate, and which are held by the Trustee, shall, to the extent of the amount determined to be required for payment of the estate tax, be distributed to the legal representative of the Settlor~s estate to be used by the legal representative ahead of any other assets and to the fullest extent possible to pay the estate tax. 9.03. Payment of Death Taxes and Other Estate Settlement Costs. After the Trustee has complied with paragraph 9.02, above, and has ascertained from the legal representative that all such bonds have been redeemed in payment of the United States estate tax, the Trustee shall also ascertain from the legal representative whether the legal representative has sufficient assets to pay the remaining legacy, succession, inheritance, transfer, estate and other death taxes or duties (except the additional estate tax imposed by §2032(c), or corresponding provisions of the Internal Revenue Code of 1986 applicable to the Settlor~s estate and imposing the tax) levied or assessed against the Settlor~s estate (including all interest and penalties thereon), all of which taxes, 9 • • interest and penalties are hereafter referred to as the death taxes, interest and penalties. If the legal representative advises the Trustee that insufficient funds exist to pay all the death taxes, interest and penalties, the Trustee shall then pay to the legal representative from the trust property, an amount equal to all the death taxes, interest and penalties in excess of the funds available to the legal representative for this purposes, which payments are to be made without apportionment. In making the payments, the Trustee shall use only those assets or their proceeds which are includable in the Settlor~s gross estate for purposes of the United States estate tax and shall not impair the marital portion without first exhausting the entire non-marital portion. If the Executor of the Settlor~s estate, in such Executors sole discretion, shall determine that appropriate assets of Settlor~s estate are not available in sufficient amount to pay (1) the Settlor~s funeral expenses, and (2) expenses of administering the Settlor~s estate, the Trustee shall, upon the request of the Executor of the Settlor~s estate, contribute from the principal of the trust estate the amount of such deficiency; and in connection with any such action the Trustee shall rely upon the written statement of the Executor of the Settlor~s estate as to the validity and correctness of the amounts of any such expenses, and shall furnish funds to such Executor so as to enable such Executor to discharge the same, or to discharge any part of alll thereof itself by making payment directly to the person entitled or claiming to be entitled to receive payment thereoof. No consideration need be required by the Trustee from the Executor of Settlor~s estate for any disbursement made by the Trustee pursuant hereto, nor shall there be any obligation upon such Executor to repay to the Trustee any of the funds disbursed by it hereunder, and all amounts disbursed by the Trustee pursuant to the authority hereby conferred upon it shall be disbursed without any right in or duty upon the Trustee to seek or obtain contribution or reimbursement from any person or property on account of such payment. The Trustee shall not be responsible for the application of any funds delivered by it to the Executor of the Settlor~s estate pursuant to the authority herein granted, nor Shall the Trustee be subject to liability to any beneficiary hereunder on account of any payment made by it pursuant to the provisions hereof . IN WITNESS WHEREOF, the Settlor and Trustee have hereunto set their hands and seals as of the day and year first written above. WITNE33: ~h~a~ r~~ (SEAL) JUNE 9HEAFFER, by and through her attoraey-in-faat, CURT H . Z INIlKERMANN 10 - - _ r. . ~ . • COMMONWEAL/T'H OF PENNSYLVANIA : COUNTY OF C.VM~~/an~ SS: On this, the ~J' day of 1995, before me, a Notary Public, the undersigned officer, p rsonally appeared JUNE E. 3HEAFFER, by and through her attorney-in-fact, CURT H. Z~r~lERMANN, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Trust Agreement, and acknowledged that he executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have set my hand and official Seal. o ary P is ~~-~ My Commis ion Expire: Nc~~al Seel ~PR';. ulaC~ i ~'rVF1., JU~4a'a G:,ll~y My Co: ~ n't:si ~^ Ex~r~ U:,.16 !995 tVia, ; ~be:r, R~ru~syh~ara r~scua6~n c. ;;Vo:a~as The foregoi g Trust Agreement was delivered, ar~d is hereby accepted, at _T_ Pennsylvania, on Fhb /3 , 1995. PENNSYLVANIA FIDUCIARY 19~ND ESTATE SERVICES, INC., TRUSTEE B ~ ~ RI E ARTHUR-T 33LE , VI E-P SIDENT AND TRUE OFFICER 11 i t SCHEDULE "A" scHEDULE REFERRED TO IN THE ANNEXED TRUST AGREEMENT DATED : ss~,~ccL~, 1995 FROM JOKE E . S~F1rg,R, SETTLOR TO PENNSYLVANIA FIDUCIARY AND ESTATB SERVICES, INC., TRUSTEE Property Description: 12 • • ~ ~~ : IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER :CUMBERLAND COUNTY, PENNSYLVANIA FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER U/A :ORPHAN'S COURT DIVISION Dated February 13, 1995 STATEMENT OF PROPOSED DISTRIBUTION The Trustee/Accountant proposes the following schedule of proposed distribution: TO: LAW FIRM OF GATES, HALBRUNER & HATCH, P.C. (1) $3,875.00 for legal fees incurred for preparation of the First & Final Account, the Petition for Approval of the First & Final Account, and the Application for Termination, plus disbursements including filing fees, advertising costs and U.S. Posh, ._~~ a Office Certified Mailing expense; ::J TO: COMMUNITY TRUST COMPANY ,`; (2) $1,250.00 for termination fee; W TO: 2006 FIDUCIARY TAX PREPARATION) ~, (3) $525.00 (Cash Reserve) TO: EDWARD L. SHEAFFER, (4) The balance remaining on hand after payment of the foregoing amounts, which will be approximately $26,697.40, pursuant to ARTICLE IV. 4.01 (E) of the Trust and the Order of this Court, directing termination of the said Trust. ~-; -_, --, _, _,_, ~= 7 =n -~ ;, -~ ~ • AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS: I hereby certify that on this i`I ~ day of May, 2006, before me, the subscriber, a Notary Public in and for the aforesaid Commonwealth and County, personally appeared the affiant, SUSAN A. RUSSELL, who acknowledged herself to be the President & CEO of COMMUNITY TRUST COMPANY, Trustee of THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER U/A Dated February 13,1995, who being duly sworn according to law, she as such President, being authorized to do so, deposes and says that, to the best of her knowledge, the facts averred in the foregoing First and Final Account are true and correct and accurately state all the income, principal, debits and credits which came into her possession as President of the Trustee of THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER or into the possession of any other agent(s) for said Trustee. The affiant further says that she gave written notice of the foregoing First and Final Account to all beneficiaries, remaindermen and other parties interested in the JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER SWORN TO and subscribed before me this ~ 9 ~ day of May, 2006. ~- ,// Notary Public COMMUNITY TRUST COMPANY, TRUSTEE: ..vr~ y: SUSAN A. R SELL, President WomriEY Sed LAII'It~Rlr Pt#~C My (%onmlissi0n ExpNpg Aug 27,2006 ~~OF.~!~fto- oonnc~ihrania ~cenrial'+rvn (y~~ IN THE MATTER OF: THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST FB/O EDWARD L. SHEAFFER, U/A DATED Apri128,1995 and IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION No.~I-gS~~1.3 CERTIFICATION OF NOTICE OF FIRST AND FINAL ACCOUNT To The Clerk, Cumberland County Orphans' Court Division: In accordance with C.C.O.C.R. 6.3-1, I hereby certify that I gave written notice of the time of presentation of the First and Final Account and Petition for Approval filed by Community Trust Company, Trustee of the above-captioned Trust, together with a copy of said Account and Petition at least twenty days prior to Tuesday, June 20, 2006, which is the date fixed for confirmation of said Account by certified mail to every person known to Community Trust Company, Trustee, to have an interest in the trust as beneficiary, creditor, heir or next of kin. The name and address of each such person is set forth on Exhibit "A" which is attached hereto and incorporated herein by reference. GATES, HALBR R & HATCH, P.C. BY: Lowell R. ates, Esquire PA I.D. 6779 1013 M a Road, Suite 100 Lemo e, PA 17043 (717) 731-9600 (Attorneys for Community Trust Company Trustee) DATED: May 19, 2006 r+a ,ra <,::~ _~~ ~- -~ ; - ': -~ :a ;~~ -~; . , _.,, __. «; .. ~ -~ ._ , vs ~' EXHIBIT "A" Edward L. Sheaffer (Secondary Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Marcia Sheaffer Trahey (Tertiary Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Kaity Sheaffer (Tertiary Beneficiary) c/o CED 5457 Ruffin Road San Diego, CA 92123 Bryant Sheaffer (Tertiary Beneficiary) 8768 Sugarnotch Court Elk Grove, CA 95758 IN THE MATTER OF: 1N THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER CUMBERLAND COUNTY FAMILY IRREVOCABLE TRUST PENNSYLVANIA f/b/o EDWARD L. SHEAFFER U/A ORPHANS' COURT DIVISION DATED Apri128, 1995 No. _ _ Q, `j - ~~ NOTICE OF AUDIT To the following beneficiazies and interested parties of The June E. Sheaffer Family Irrevocable Trust f/b/o Edwazd L. Sheaffer U/A dated February 13, 1995: Edward L. Sheaffer (Secondary Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Marcia Sheaffer Trahey (Tertiazy Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Kaity Sheaffer (Tertiary Beneficiazy) c/o CED 5457 Ruffin Road San Diego, CA 92123 Bryant Sheaffer (Tertiazy Beneficiary) 8768 Sugarnotch Court Elk Grove, CA 95758 ~~ -_ -, _, ., .~ ,_, ._r ~.~ ,:-~ _ ,.. - - __ :~, . , --- ;-- , , NOTICE is hereby given that the First and Final Account of Community Trust Company, Trustee of The June E. Sheaffer Family Irrevocable Trust f/b/o Edwazd L. Sheaffer, U/A dated February 13, 1995, and the corresponding Petition for Approval of First and Final Account, have been filed in the Office of the Clerk of the Orphans' Court division of the Court of Common Pleas of Cumberland County, Pennsylvania, on or before May 19, 2006, and that the clerk will present the same to the Court for confirmation and audit on June 20, 2006, at 9:00 a.m. Any person who objects to the transactions shown in the Account and Petition must file written objections with the Clerk on or before June 20, 2006, at 9:00 a.m., or the Court may otherwise assume that no objections exist or that any objections have been waived. A copy of the First and Final Account of the Trustee and the Trust Agreement and the Petition for Approval of First and Final Account are enclosed herewith. If you have questions concerning the enclosed documents, please contact the undersigned. GATES, HAL R ER & HATCH, P.C. By: Lowell Gates, Esquire PA I.D. 6779 1013 M a Road, Suite 100 Lemo e, PA 17043 Counsel for the Trustee Date: May 19, 2006 IN THE MATTER OF: IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER FAMILY CUMBERLAND COUNTY IRREVOCABLE TRUST FB/O PENNSYLVANIA EDWARD L. SHEAFFER, U/A ORPHANS' COURT DIVISION DATED April 28, 1995 and No. AMENDED CERTIFICATION OF NOTICE OF FIRST AND FINAL ACCOUNT To The Clerk, Cumberland County Orphans' Court Division: In accordance with C.C.O.C.R. 6.3-1, I hereby certify that I gave written notice of the time of presentation of the First and Final Account and Petition for Approval filed by Community Trust Company, Trustee of the above-captioned Trust, together with a copy of said Account and Petition at least twenty days prior to Tuesday, June 20, 2006, which is the date fixed for confirmation of said Account by certified mail to every person known to Community Trust Company, Trustee, to have an interest in the trust as beneficiary, creditor, heir or next of kin. The name and address of each such person is set forth on Exhibit "A" which is attached hereto and incorporated herein by reference. GATES, HAL ER & HATCH, P.C. BY• Lowell .Gates, Esquire PA I. . #46779 1013 umma Road, Suite 100 Lemoyne, PA 17043 (717) 731-9600 (Attorneys for Community Trust Company Trustee) DATED: May 31, 2006 ~~ _ ~ _; --, - c_.. ~__ ., _ ,~ - .. J _.~ ...-.- ~ .. '_) _ . -:, fV ~ ,, = C 7 c-7 '' ~ , ~ ~ - ~- -_~, . ~--, _- ._ -~ -- ao " .~ EXHIBIT "A" Edward L. Sheaffer (Secondary Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Marcia Sheaffer Trahey (Tertiary Beneficiary) 1067 Muirlands Vista Way La Jolla, CA 92037-6208 Kaity Sheaffer (Tertiary Beneficiary) c/o CED 5457 Ruffin Road San Diego, CA 92123 Bryant Sheaffer (Tertiary Beneficiary) 8768 Sugarnotch Court Elk Grove, CA 95758 ~ I IN THE MATTER OF: IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER CUMBERLAND COUNTY FAMILY IRREVOCABLE TRUST PENNSYLVANIA f/b/o EDWARD L. SHEAFFER U/A ORPHANS' COURT DIVISION DATED Apri128, 1995 No. AMENDED NOTICE OF AUDIT To the following beneficiazies and interested parties of The June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer U/A dated February 13, 1995: Edward L. Sheaffer (Secondary Beneficiary) 3437 Huntsman Drive Sacramento, CA 95826 Marcia Sheaffer Trahey (Tertiary Beneficiary) 1067 Muirlands Vista Way La Jolla, CA 92037-6208 Kaity Sheaffer (Tertiary Beneficiary) c/o CED 5457 Ruffin Road San Diego, CA 92123 Bryant Sheaffer (Tertiary Beneficiary) 8768 Sugarnotch Court Elk Grove, CA 95758 1..,/ ~l _ 1 1 I =-~; ~ J ~ _, , . ~~-il ~ L -- i !T1 ~^ rya _ ~ c _-,_.• -n - ; _;, _. _,, -, ,_ __ ~ -, -y •. ~-} 7 1 NOTICE is hereby given that the First and Final Account of Community Trust Company, Trustee of The June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer, U/A dated February 13, 1995, and the corresponding Petition for Approval of First and Final Account, have been filed in the Office of the Clerk of the Orphans' Court division of the Court of Common Pleas of Cumberland County, Pennsylvania, on or before May 19, 2006, and that the clerk will present the same to the Court for confirmation and audit on June 20, 2006, at 9:00 a.m. Any person who objects to the transactions shown in the Account and Petition must file written ,~ objections with the Clerk on or before June 20, 2006, at 9:00 a.m., or the Court may otherwise assume that no objections exist or that any objections have been waived. A copy of the First and Final Account of the Trustee and the Trust Agreement and the Petition for Approval of First and Final Account are enclosed herewith. If you have questions concerning the enclosed documents, please contact the undersigned. GATES, By: & HATCH, P.C. Lowell .Gates, esquire PA I. . #46779 1013 umma Road, Suite 100 Le yne, PA 17043 Counsel for the Trustee Date: May 31, 2006 ~~ 'TES, HALBRUNER &: HATCH ~, - ~,~~, MUMMA ROAD, SUITE 100,, LEMOYNE, PENNSYLVANIA 17t` IN THE MATTER OF: IN THE COURT OF COMMON PLEAS THE JUNE E. SHEAFFER FAMILY CUMBERLAND COUNTY, IRREVOCABLE TRUST F/B/O PENNSYLVANIA EDWARD L. SHEAFFER U/A ORPHANS' COURT DIVISION DATED February 13, 1995 No._ ~__~ . ~~~ ORDER AND NOW, this ~ day of f w, c , 2006, upon consideration of the Petition for Approval of First and Final Account of Community Trust Company, Trustee of The June E. Sheaffer Family Irrevocable Trust f/b/o Edwazd L. Sheaffer, U/A Dated February 13, 1995, and the corresponding First and Final Account of Community Trust Company, Trustee aforesaid, and there being no objections filed on the Petition and Account, said Petition is approved. and the Account is hereby approved and confirmed absolutely. BY THE COURT: ~}Q "?:~ ~,~. [.lily ~~~ . ~, ~rl ~ ^~ ~i ~' Lowell R. Gates, Esquire PA. No. 46779 Gates, Halbruner & Hatch, P.C. 1013 Mumma Road, Suite 100 Lemoyne, PA 17043 Phone: (717) 731-9600 Facsimile: (717) 731-9627 Attorneys for Applicant IN RE: THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER, Dated February 13, 1995 s ~_z IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA' ORPHAN'S COURT DIVISION No. q S - ~~ APPLICATION OF TRUSTEE COMMUNITY TRUST COMPANY FOR THE TERMINATION OF THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER Pursuant to 20 Pa. C.S.A. § 6110(C), Applicant, Community Trust Company (hereinafter referred to as "Applicant" or "Trustee"), by and through its attorneys, Gates, Halbruner & Hatch, P.C., hereby requests that this court terminate The June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer dated February 13, 1995 (hereinafter referred to as "the Trust" or "the Trust Agreement"} and distribute the remaining assets of the Trust to Edward L. Sheaffer, individually, pursuant to ARTICLE IV, Section 4.01(E) of the Trust Agreement and in support thereof avers as follows: 1. Jurisdiction over this matter is appropriate pursuant to 20 Pa. C.S.A. § 711(3). 1 _~ ~ :--. -, ~_:J ~_ ? -.., --7 f ~ -- ~: ~, =, • ~ . Venue is proper pursuant to 20 Pa. C.S.A. §§ 722, 724(a), as the situs of the Trust is expressly provided for in Article VI, Section 6.05 of the Trust Agreement. 2. The Trust was established by Settlor, June E. Sheaffer, on February 15, 1995, wherein Settlor named Community Trust Company, formerly known as Pennsylvania Fiduciary and Estate Services, Inc., a Pennsylvania regulated trust company, as Trustee. A true and correct copy of the Trust Agreement is attached hereto as Exhibit "A". 3. The Trust Agreement states that during the Settlor's lifetime, the Trustee shall distribute all of the net income of the Trust to, or for the benefit of, the Settlor. 4. Upon the death of the Settlor, June E. Sheaffer, fifty percent (50%) of the remaining trust estate shall be held in further sepazate trust for the benefit of the Settlor's son, Stanley Sheaffer, and fifty percent (50%) of the remaining trust estate shall be held in further separate trust for the benefit of the Settlor's son, Edward L. Sheaffer. 5. Settlor June E. Sheaffer died on March 17, 1995. 6. As of Apri130, 2006, the sepazate trust estate for the benefit of Edwazd L. Sheaffer equals Thirty-Two Thousand Three Hundred Forty-Seven and 40/100 Dollazs ($32,347.40). 7. ARTICLE N, POWERS OF TRUSTEE, Section 4.01 (E) of the Trust Agreement states as follows: "(E) If at any time after Settlor's death the total fair mazket value of the assets of any trust established or to be established hereunder is so small that the corporate Trustee's annual fee for administering the trust would be equal to or less than the minimum annual fee set forth in the Trustee's regularly published fee schedule, then the Trustee in its discretion shall be authorized to terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such 2 • • trust, shall be distributed to the persons who aze then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee, then the Trustee shall distribute the property among such of the persons to whom the Trustee is authorized to distribute income, and in such proportions, as the Trustee in its discretion shall determine." 8. Commencing May 1, 2006, the total fair mazket value of the assets of the trust established for the benefit of Edward L. Sheaffer is so small that the corporate Trustee's annual fee for administering the trust would be four (4) times the annual fee set forth in the Trustee's regularly published fee schedule. 9. Thus, the existence of the Trust is resulting in, and will continue to result in, administrative expense unreasonably out of proportion to the trust estate and will cause a wasting trust. 10. Based on the Trust Agreement, the Trustee believes that the Settlor, June E. Sheaffer, would not desire the trust assets to be depleted by excessive trustee fees and administrative costs. 11. All of the existing Trust beneficiaries, including Edward L. Sheaffer, Kaity Sheaffer, Bryant Sheaffer, and Mazcia Sheaffer Trahey, consent to the termination of the Trust and the distribution of all trust principal and accrued income. All of the existing Trust beneficiaries, including Edwazd L. Sheaffer, Kaity Sheaffer, Bryant Sheaffer, and Mazcia Sheaffer Trahey, have signed letters dated April 25, 2006, consenting to the termination and distribution. True and correct copies of the letters of consent aze attached hereto as Exhibit "B". 12. A First and Final Accounting and a Statement of Proposed Distribution aze being filed simultaneously with this Application for court approval. 3 • • WHEREFORE, Applicant Community Trust Company respectfully requests that this honorable court authorize the termination of The June E. Sheaffer Family Irrevocable Trust for benefit of Edward L. Sheaffer and distribute the assets of the Trust in accordance with the proposed distribution. Respectfully GATES, HA Date: May ~, 2006 Lowell )E. Gates, Esq. HATCH, P.C. 4 • THE ~ ~_ ~ t l ~~~ ~ (_". ~' ~l '-~ s ! `' ~ - i= r JUNE E . SHEAF'FEIt FAMILY ~ ~ -~ IRREVOCA~~~~R~tJ~T ~~ 10 ~7 THIS TRUST AGREEMENT is executed in triplicate on this day of ~-~.~n{r~«~ 1995, by and between JUNE E. SHEAFFER, by and through her attorney-in-fact, CURT H. ZIMMERMANN, now of 3010 Dickinson Avenue, Camp Hill, Cumberland County, Pennsylvania 17011 (hereinafter called "Settlor"), and PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., a Pennsylvania corporation with its principal office at 600 North 12th Street, Suite 4, Lemoyne, Cumberland County, Pennsylvania 17043 (hereinafter called "Trustee" ARTICLE I. TRUST ESTATE 1.01. Initial Principal. Settlor, desiring to establish an irrevocable trust, does hereby irrevocably transfer, assign and deliver to the Trustee, and its successors and assigns, the assets listed on Schedule A attached hereto and made a part hereof. As further evidence of such assignment, Settlor has executed or will execute or cause to be executed such other instruments as may be required for the purpose of completing the assignment or transfer of title to such property to the Trustee. The Trustee accepts such transfer and assignment to itself as Trustee, and the Trustee undertakes to hold, manage, invest and reinvest the assets of this Trust and to distribute the income and principal of the Trust in accordance with the provisions of this Agreement. 1.02. Additional Princi al. The Settlor and any other person(s), with the consent of the Trustee, shall have the right at any time to make additions to the corpus of this Trust or any share thereof hereby established. All such additions shall be held, governed and distributed by the Trustee in accordance with the terms and conditions of this Agreement. ARTICLE II. IRREVOCABILITY OF TRUST 2.01. Irrevocabilitv. Settlor has been advised of the consequences of an irrevocable trust and hereby declares that this Trust shall be irrevocable and shall not be altered, amended, revoked or terminated by Settlor or any other person(s). ARTICLE III. TRUST DISTRIBUTIONS 3.01. Trust Principal. The entire corpus of this Trust, including the assets initially transferred to this Trust, subsequent additions to this Trust and the proceeds of any sale, exchange or investment of such Trust assets, shall be used for the purposes herein contained. 3.02. Distributions Durincrthe Settlor's Lifetime. During I ^l • the Settlor's lifetime, the Trustee shall distribute all of the net income of the Trust to, or for the benefit of, the Settlor, provided that if the Settlor should reside in a long-term care facility for a period greater than thirty (30) days, then the Trustee shall discontinue all distributions of income to the Settlor and shall thereafter accumulate the Trust net income and add the net income to the Trust principal. The Trustee shall make no distributions of principal to, or for the benefit of, the Settlor. 3.03. Subsequent Distributions. Upon the Settlor's death, FIFTY PERCENT (50~) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, STANLEY SHEAFFER, and FIFTY PERCENT (50~) of the remaining trust estate shall be held IN FURTHER SEPARATE TRUST for the benefit of the Settlor's child, EDWARD L. SHEAFFER, in accordance with the terms set forth in Paragraph 3.03(A), below. If any of Settlor's children predecease the Settlor, then upon Settlor's death, the predeceased child's share of the remaining trust estate shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the predeceased child's issue in accordance with the terms set forth in Paragraph 3.03(B), below. (A) The separate trusts for the benefit of Settlor's children shall be held, administered and distributed as follows: (1) The Trustee shall pay to, or for the benefit of, each child all of the net income from the child's separate trust. Payments of income shall be made in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (2) The Trustee shall pay to, or for the benefit of, each child as much of the principal from the child's separate trust as the Trustee, in its sole discretion, from time to time deems advisable for the health, support, maintenance and education (including vocational, undergraduate, graduate and professional education) of the child. (3) The Trustee is also authorized to make discretionary payments of principal from each child's separate trust for the health, support, maintenance and education {including vocational, undergraduate, graduate and professional education) of the child's issue. (4) Discretionary payments of principal from each child's separate trust are authorized to defray the expenses of illness or emergency affecting the child or the child's issue. Such payments shall either be paid to the child or the child's issue, or else applied directly 2 • • for their benefit by the Trustee. To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the beneficiary rather than directly to the beneficiary. (5) Upon the respective deaths of Settlor's children, the remaining estate of the deceased child's separate trust shall be divided into separate and equal shares, and one such share shall be held IN FURTHER SEPARATE TRUST for the benefit of each of the deceased child's issue in accordance with the terms set forth in Paragraph 3.03(B), below. (B) The separate trusts established for the benefit of the respective issue of Settlor's children (each such issue herein referred to as the "Beneficiary"} shall be held, administered and distributed as follows: (i) During the minority of each Beneficiary, which is defined as not having attained age twenty-two (22), the Trustee shall accumulate any part or all of the net trust income or pay as much of the net trust income to, or for the benefit of, the Beneficiary as the Trustee, in its sole discretion, determines to be reasonably necessary for the Beneficiary's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). Any income not so paid shall be added to the principal of the Beneficiary's separate trust. To the extent possible, all payments of income shall be paid directly to the third-party for the benefit of the Beneficiary rather than directly to the Beneficiary. (2) After the Beneficiary has attained the age of twenty-two (22) years, the Trustee shall pay all of the income to, or for the benefit of, the Beneficiary in such periodic installments as the Trustee shall find convenient, but at least quarter-annually. (3) The Trustee shall pay to, or for the benefit of, the Beneficiary, such sums from or any part or all of the principal as the Trustee may, in its sole discretion, determine to be reasonably necessary for the Beneficiary's needs for health, support, maintenance and education (including vocational, undergraduate, graduate and professional education). To the extent possible, all payments of principal shall be paid directly to the third party for the benefit of the Beneficiary rather than directly to the Beneficiary. (4) The Trustee shall pay to, or for the benefit of, the Beneficiary, upon his/her attaining the age of 3 • • thirty (30), the entire principal of the Beneficiary's separate trust remaining at that time. (5} Upon the death of a Beneficiary prior to his/her thirtieth (30th) birthday, the Trustee shall pay the remaining principal, if any, in equal shares to the Beneficiary's then-living issue, or if the Beneficiary has no such issue, in equal shares, per capita, to the then-living issue of Settlor's children, provided that any such distribution shall be added to the recipient's separate trust if a trust is then in existence. 3.04. Broad Special Power of A ointment. The Settlor, JUNE E. SHEAFFER, is hereby granted the special power to appoint, at any time and from time to time, the principal of this Trust, in whole or in part, and in any manner and in such proportions as she deems advisable to whomever she desires. This power shall be exercisable by her Will, specifically referring to this Paragraph 3.04. This special power of appointment does not grant to JUNE E. SHEAFFER the power to appoint the principal of this trust to herself, her estate, her creditors or the creditors of her estate. If JUNE E. SHEAFFER fails, either in whole or in part, to exercise the special power of appointment herein granted, the unappointed principal shall continue in trust and shall be administered according to the terms of this Trust. ARTICLE IV. POWERS OF TRUSTEE 4.01. General Powers. In addition to such other powers and duties as may have been granted elsewhere in this Trust, but subject to any limitations contained elsewhere in this Trust, the Trustee shall have the following powers and duties: (A) In the management, care and disposition of this Trust, the Trustee shall have the power to do all things and to execute such deeds, instruments, and other documents as may be deemed necessary and proper, including the following powers, all of which may be exercised without order of or report to any court: (1) To sell, exchange, or otherwise dispose of any property, real, personal or mixed, wheresoever located, at any time held or acquired hereunder, at public or private sale, for cash or on terms as may be determined by the Trustee, without advertisement, including the right to lease for any term notwithstanding the period of the Trust, and to grant options, including an option for a period beyond the duration of the Trust. (2) To invest all monies in such stocks, bonds, securities, investment companies or trust shares, mortgages, notes, choses in action, real estate, improvements thereon, and other property as the Trustee 4 • • may deem best, without regard to any law now or hereafter in force limiting investments of fiduciaries; except that the Trustee may not invest in any stock or securities issued by the corporate Trustee or issued by a parent or affiliate company of such Trustee. (3) To retain for investment any property deposited with the Trustee hereunder; except that the Trustee may not retain for investment any stock or securities in the corporate Trustee or in a parent or affiliate company of such Trustee. (4) To vote in person or by proxy any corporate stock or other security and to agree to or take any other action in regard to any reorganization, merger, consolidation, liquidation, bankruptcy or other procedure or proceedings affecting any stock, bond, note or other security held by this Trust. (5) To use lawyers, real estate brokers, accountants and any other agents, if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Trust and to agree to any rescission or modification of any contact or agreement affecting the Trust. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging, pledging or conveying any property of the Trust, including the power to borrow from the Trustee (in the Trustee's individual capacity) at a reasonable rate of interest. (8) To retain and carry on any business in which the Trust may acquire any interest, to acquire additional interests in any such business, to -agree to the liquidation in kind of any corporation in which the Trust may have any interest and to carry on the business thereof, to join with other owners in adopting any form of management for any business or property in which the Trust may have an interest, to become or remain a partner, general or limited, in regard to any such business or property and to hold the stock or other securities as an investment, and to employ agents, and confer on them authority to manage and operate the business, property or corporation, without liability for the acts of any such agent of or for any loss, liability or indebtedness of such business if the management is selected or retained with reasonable care. 5 (9) To register any stock, bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity, but accurate records shall be maintained showing that the stock, bond or other security is a trust asset and the Trustee shall be responsible for the acts of the nominee. (B) Whenever the Trustee is directed to distribute any trust principal in fee simple to a person who is then under twenty-one (21) years of age, the Trustee shall be authorized to hold such property in trust for such person until he becomes twenty-one (21) years of age, and in the meantime shall use such part of the income and the principal of the trust as the Trustee may deem necessary to provide for the proper support and education of such person in the standard of living to which he has become accustomed. If such person should die before becoming twenty-one (21) years of age, the property then remaining in trust shall be distributed to the personal representative of such person's estate. (C) In making distributions from the Trust to or for the benefit of any minor or other person under a legal disability, the Trustee need not require the appointment of a guardian, but shall be' authorized to pay or deliver the distribution to the custodian of such person, to pay or deliver the distribution to such person without the intervention of a guardian, to pay or deliver the distribution to the legal guardian of such person if a guardian has already been appointed, or to use the distribution for the benefit of such person. (D) In the distribution of the Trust and any division into separate trusts and shares, the Trustee shall be authorized to make the distribution and division in money or in kind or in both, regardless of the basis for income tax purposes of any property distributed or divided in kind, and the distribution and division made and the values established by the Trustee shall be binding and conclusive on all persons taking hereunder. The Trustee may in making such distribution or division allot undivided interests in the same property to several trusts or shares. (E) If at any time after Settlor's death the total fair market value of the assets of any trust established or to be established hereunder is so small that the corporate Trustee's annual fee for administering the trust would be equal to or less that the minimum annual fee set forth in the Trustees regularly published fee schedule, then the Trustee in its discretion shall be authorized to terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such trust shall be distributed to the persons who are then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee, then the Trustee shall distribute 6 • the property among such of the persons to whom the Trustee is authorized to distribute income, and in such proportions, as the Trustee in its discretion shall determine. (F) The Trustee shall be authorized to lend or borrow, including the right to lend to or borrow from the Settlor's estate, at an adequate rate of interest and with adequate security and upon such terms and conditions as the Trustee shall deem fair and equitable. (G) The Trustee shall be authorized to sell or purchase, at the fair market value as determined by the Trustee, any property to or from Settlor's estate or any trust created by Settlor during life or by will, even though the same person or corporation may be acting as executor of Settlor's estate or as trustee of any other such trusts and as the Trustee of this Trust. {H) The Trustee shall have discretion to determine whether items should be charged or credited to income or principal or allocated between income and principal as the Trustee may deem equitable and fair under all the circumstances, including the power to amortize or fail to amortize any part or all of any premium or discount, to treat any part or all of the profit resulting from the maturity or sale of any asset, whether purchased at a premium or at a discount, as income or principal or apportion the same between income and principal, to apportion the sales price of any asset between income and principal, to treat any dividend or other distribution on any investment as income or principal or to apportion the same between income or principal, to charge any expense against income or principal or apportion the same, and to provide or fail to provide a reasonable reserve against depreciation or obsolescence on any asset subject to depreciation or obsolescence, all as the Trustee may reasonably deem equitable and just under all of the circumstances. ARTICLE V. SPENDTHRIFT PROVISION 5.01. General Provision. No beneficiary shall have the power to anticipate, encumber or transfer his interest in the Trust Estate in any manner other than by the valid exercise of a power of appointment. No part of the trust estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. ARTICLE VI. CONSTRUCTION OF TRUST 6.01. Choice of Law. This Trust shall be administered and interpreted in accordance with the laws of the Commonwealth of Pennsylvania. 6.02. Code. Unless otherwise stated, all references in 7 • • this Trust to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or corresponding provisions of any subsequent federal tax laws applicable to this Trust. 6.03. Other Terms. Unless the context otherwise requires, the use of one or more genders in the text includes all other genders, and the use of either the singular or the plural in the text includes both the singular and the plural. 6.04. Captions. The captions set forth in this Agreement at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. 6.05. Situs of Trust. The Trust shall have its legal situs in Cumberland County, Pennsylvania. ARTICLE VII. COMPENSATION OF TRUSTEE AND APPOINTMENT OF SUCCESSOR TRUSTEE 7.01. Compensation. The Trustee shall receive as its compensation for the services performed hereunder that sum of money, based on an hourly charge or percentage rate, which the Trustee normally and customarily charges for performing similar services during the time in which it performs these services. 7.02. Removal or Resignation of Trustee. Settlor may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. After the Settlor~s death, a majority of the current income beneficiaries may remove the Trustee at any time or times, with or without cause, upon thirty (30) days written notice given to the Trustee. The Trustee may resign at any time upon thirty (30) days written notice given to the Settlor if Settlor is living, or after the Settlor~s death, upon thirty (30) days written notice given to the current income beneficiaries, hereunder. Upon the removal or resignation of the Trustee, a successor trustee shall be appointed in accordance with the terms set forth in Paragraph 7.03, below. 7.03. Appointment of Successor Trustee. Upon the death, resignation, removal or incapacity of the Trustee, a successor trustee may be appointed by the Settlor during Settlor~s lifetime, or after Settlor's death, by a majority of the current income beneficiaries. Any successor trustee thus appointed shall be a financially sound and competent corporate trustee. Any successor trustee, or if the Trustee shall merge with or be consolidated with another corporate fiduciary, then such corporate fiduciary, shall succeed to all the duties and powers, including discretionary powers, herein granted to the Trustee. 8 • • ARTICLE VIII. PERPETUITIES CLAUSE 8.01. General Provision. Notwithstanding anything to the contrary in this Trust, each disposition Settlor has made herein, legal or equitable, to the extent it can be referred in its postponement of becoming a vested interest to a duration measured by some life or lives in being at the time of Settlor's death, is definitely to vest in interest, although not necessarily in possession, not later than twenty-one (21) years after such lives (and any period of gestation involved); or to the extent it cannot be referred in any such postponement to such lives, is to so vest not later than twenty-one (21) years from the time of Settlor's death. ARTICLE IX. ACQUISITION OF UNITED STATES TREASURY BONDS ELIGIBLE FOR TAX PAYMENT; PAYMENT OF TAXES, FUNERAL EXPENSES AND EXPENSES OF ADMINISTRATION 9.01. Acquisition of Bonds. The Trustee may, at any time, without the prior approval or direction of the Settlor and whether or not the Settlor is able to manage Settlor's own affairs, acquire United States Treasury Bonds selling at a discount, which bonds are redeemable at their par value plus accrued interest thereon for the purposes of applying the proceeds to the payment of the United States estate tax on the Settlor's estate; and the Trustee may borrow from any lender, ,including itself, with or without security, to so acquire these bonds. 9.02. Payment of United States Estate Tax by Bond Redemption. The Settlor directs that any United States Treasury Bonds which may be redeemed at their par value plus accrued interest thereon for the purpose of applying the proceeds to the payment of the United States estate tax imposed on the Settlor's estate, and which are held by the Trustee, shall, to the extent of the amount determined to be required for payment of the estate tax, be distributed to the legal representative of the Settler's estate to be used by the legal representative ahead of any other assets and to the fullest extent possible to pay the estate tax. 9.03. Payment of Death Taxes and Other Estate Settlement Costs. After the Trustee has complied with paragraph 9.02, above, and has ascertained from the legal representative that all such bonds have been redeemed in payment of the United States estate tax, the Trustee shall also ascertain from the legal representative whether the legal representative has sufficient assets to pay the remaining legacy, succession, inheritance, transfer, estate and other death taxes or duties (except the additional estate tax imposed by §2032 (c) , or corresponding provisions of the Internal Revenue Code of 1986 applicable to the Settlor's estate and imposing the tax) levied or assessed against the Settlor's estate {including all interest and penalties thereon), all of which taxes, • • interest and penalties are hereafter referred to as the death taxes, interest and penalties. If the legal representative advises the Trustee that insufficient funds exist to pay all the death taxes, interest and penalties, the Trustee shall then pay to the legal representative from the trust property, an amount equal to all the death taxes, interest and penalties in excess of the funds available to the legal representative for this purposes, which payments are to be made without apportionment. In making the payments, the Trustee shall use only those assets or their proceeds which are includable in the Settlor's gross estate for purposes of the United States estate tax and shall not impair the marital portion without first exhausting the entire non-marital portion. If the Executor of the Settlor's estate, in such Executor's sole discretion, shall determine that appropriate assets of Settlor's estate are not available in sufficient amount to pay (1) the Settlor's funeral expenses, and (2) expenses of administerin the Settlor~s esta Executor of the Se the trust estate t with any such ac statement of the validity and corre shall furnish fund to discharge the itself by making claiming to be consideration need Settlor's estate f hereto, nor shall repay to the Trust and all amounts di hereby conferred u duty upon the T g te, the Trustee shall, upon the request of the ttlor's estate, contribute from the principal of he amount of such deficiency; and in connection tion the Trustee shall rely upon the written Executor of the Settlor's estate as to the ctness of the amounts of any such expenses, and s to such Executor so as to enable such Executor same, or to discharge any part of all thereof payment directly to the person entitled or entitled to receive payment thereof. No be required by the Trustee from the Executor of or any disbursement made by the Trustee pursuant there be any obligation upon such Executor to ee any of the funds disbursed by it hereunder, sbursed by the Trustee pursuant to the authority pon it shall be disbursed without any right in or rustee to seek or obtain contribution or reimbursement from any person or property on account of such payment. The Trustee shall not be responsible for the application of any funds delivered by it to the Executor of the Settlor's estate pursuant to the au~hority herein granted, nor shall the Trustee be subject to liability to any beneficiary hereunder on account of any payment made by it pursuant to the provisions hereof . IN WITNESS WHEREOF, the Settlor and Trustee have hereunto set their hands and seals as of the day and year first written above. WITNESS: i . n _ % / ~ ~ / _ Z~--~ ~ ( SEAL ) JUNE SHEAFFER, by and through her attorney-in-fact, CURT H. ZIMMERMANN 10 • • COMMONWEALTH OF PENNSYLVANIA COUI~TTY OF LV~~~~JQ~~ SS: On this, the ~~ day of ~ , 1995, before me, a Notary Public, the undersigned officer, p rsonally appeared JUNE E. SHEAFFER, by and through her attorney-in-fact, CURT H. ZIMMERMANN, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Trust Agreement, and acknowledged that he executed the same for the purposes therein contained, IN WITNESS WHEREOF, I have set my hand and official Seal. otary Pu is -- My Commis ion Expires: ^ic'_aial Seri Fr.;i ,:gag; ~•;tp.,Ju•;::~~~:C.urt~ ~~„ C•:. ~ ;i~:S^,~^ cX!?~ii?5 i1 ;,. ? S. ' X25 Mi;,~:~_c,P~nrsytvai;i:;rwc,:ia5:;nc~ ti;;:~;as The foregoi g Trust Agreement was delivered, and is hereby accepted, at _ _ Pennsylvania, on ~.~.~~e.(Q~-~G /~ , 1995. ~-" PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., TRUSTEE ~~ H ~' ~~~LC-t/L. RI ER ARTHUR-T&E:SSLER, VICE-P SIDENT AND TRUST OFFICER 11 • SCHEDULE "A" SCHEDULE REFERRED TO IN THE ANNEXED TRUST AGREEMENT DATED: , 1995 FROM JUNE E. SHEAFFER, SETTLOR TO PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, INC., TRUSTEE Property Description: 12 05/ 19/ 2006 15:01 7177334 u~~,;. ~:uu~ uT:~1 Fd:i Biel 4q COMMUNITY TRUST.CO PAGE 03 WFINGS~I.IGlCY'IVG ~ OU2 3437 Hw~t~ pr;~„C Serrameuto, CA ~~SZ6 ~°~Prit ~S. Zt706 Cotmntuiity Trust Com~Y 3AA7 Ma19c~t S'ttcct Hill. FA 17011 ~articn: Patricia A. Walter Trust Officer To Whom It May Concaia. j,l3drva~d L. Shoa.~'er, hereby cotu~t tp the Gdmaawu tlw Juae E. Sha$~ Family Ixterocahl;e'h~st PBp Edward PAY ~ Truatae of S3S,tIDtJ,00 ~Go my daughter Ksi 3heaffier Pa the r distributing ~ ~ tease o£a Condo. I at#a ~ ~ Trast+se will be 6~g a pditi~ with the Court ~ltxeating our to t8e June B. Sher Pamily I><z~cable Trust PHO ~dwerd L Sltieaffer, and the ,roods resnsiuiag aRer all overt eta and Rea m paid will be distributed ~ a~ Bdwacd L. 8), SY~ a„`~ ~. , G--, Stieaffar 05/19/2006 15:01 71773 834 COMMUNITY TRUST CO PAGE 02 u~iGDiLUUb n~U ~;~C N~~ ZE8 13YI • ~1002i003 Cammux~i~ Trust Cva:t?~Y 3907 l~rkat $trod Camp I,~ll, l'~A, l 701.1 _ Att~etnian: Patricia -4. Waltar 'Trust O~'iaer Ta Whom It May C~cern: 5457 Ruin Road San Dino, CA 92123 23, ZDOb T, Kaity Shaeffer, lu~relay cag5otit Lo llyt Comanmity Trust Casnpany gs Truster pf tl~ Tune S. Shear Familp >xxe~iie T~ 1 $O &dward L Shcaffar, distributi~pg ~35,OOO.ab to me, K~ity Sheaths', Rsr tho ptu~ahare of s Condo. I also uader~sta~3 the Trustee wiU be filing a petition with the Cauut xnqueati:ag pbrmiesidn to terrsspn,a~ ilia June x, Shaffer Faigiiy Irn'.vocabin Ttvst FBO l~a-and L. 5heaffer, and the funds r~naining sftcx alt coast costs and feo9 are paid will ba distn'b~ed to ~ I.. Sheat~'er. Sincerely, 'ty 5~.ea~-r 05/19/2006 15:01 7177334 COMMUNITY TRU~CO PAGE 05 ua ~1 i ~ PUDB o7: g2 Fig gjs.~ ~~ LAFINGS,~ICI[TIV~ ou6 s~6s s~, ~ ~ ~~ CA 9578 Apn7 2S, ZQ06 Coanmtipity Tr~et Coapany 3907 Merlcet Stccet Camp Kill, PA 17411 Att~tian: Patricie A. Welter ?xt~st Cues To wb;aoi It ~y Cvncarn: Ywae S ~'w herby cvnaeat to the Cety T,ru~ y ~ ,~ ~ ~ !l3 S.UOO.OQ ~ my 81a~ ,~ .ebk Trust .Fga ~,~ ~ ~, diatxa'b~ns ty ~ere~r, ~ the 'pucr,~aa of a t:osrcio. l~rniasian~ ~ tae shill be filing a petition ~+ith tha Caust req ~~~ ~ t mate the June $, S g~Y ~evocabla Treat F$p L. +~ Ewen! L, Shearer, $ al! canrt ~ ~ f~ era paid will be diatn'buted Sinner~y, ;'"~ 1 05/19/2006 15:01 7177334 COMM~nUNITY TRU~CO PAGE 04 - - ., .. ~.r v~ ..ra 1'ne elY4 i!•I l.U!'lAl ~i~„~„l~ig J~IV~a ~+ 004 ~43y ~~~fn ~V~e ~ ~A 9586 ~~ZS,ZQO6 39 1~t~st C°Y ~Il, E~ l i ~a ~c: 7~a~ $~eY, hereby m tlMa . b der. ~ $ ~hap~~ Cart rqq~, Edward L. g~~ 8 after all Qeeat ~ ~ a e ~ d'b~ed .~ ~ pia Shs ~~ • • VERIFICATION I, Susan A. Russell, state that I have reviewed the foregoing Petition of Community Trust Company, Trustee, for the Termination of The June E. Sheaffer Family Irrevocable Trust for benefit of Edward L. Sheaffer and verify that the facts contained therein are true and correct to the best of my knowledge, information and belief. I fiuther verify that these statements made by me are subject to the penalties of 18 Pa. C.S.A. § 4904 relating to unsworn falsification to authorities. COMMUNITY TRUST COMPANY, Petitioner Date: May ~~ , 2006 BY: ~ Susan A. Russell, President • • CERTIFICATE OF SERVICE I, Lowell R. Gates, Esquire, hereby certify that I am this day serving the foregoing Application of the Trustee, Community Trust Company for the Termination of The June E. Sheaffer Family Irrevocable Trust F/B/O Edward L. Sheaf~`er, upon the persons listed below via first class mail: Community Trust Company, Trustee Susan A. Russell, President & CEO 3907 Market Street Camp Hill, PA 17011 Edward L. Sheaffer 3437 Huntsman Drive Sacramento, CA 95826 Marcia Sheaffer Trahey 3437 Huntsman Drive Sacramento, CA 95826 Kaity Sheaffer c/o CED 5457 Ruffin Road San Diego, CA 92123 Bryant Sheaffer 8768 Sugarnotch Court Elk Grove, CA 95758 GATES, HAJG~R~JNER, & HATCH, P.C. Date: May 19, 2006 Lowell .Gates, Esquire Pa. No 46779 1013 umma Road, Suite 100 Lemo e, PA 17043 Phone: (717) 731-9600 Facsimile: (717) 731-9627 Attorneys for Applicant, Community Trust Company ~~f;. Lowell R. Gates, Esquire PA. No. 46779 Gates, Halbruner & Hatch, P.C. 1013 Mumma Road, Suite 100 Lemoyne, PA 17043 Phone: (717) 731-9600 Facsimile: (717) 731-9627 Attorneys for Applicant IN RE: THE JUNE E. SHEAFFER FAMILY IRREVOCABLE TRUST f/b/o EDWARD L. SHEAFFER, dated February 13, 1995 ~~ ~~ e~ ~ ~. ~; ~i _~ ~~ N IN THE COURT OF COMMON PLEAS ~^' CUMBERLAND COUNTY, PENNSYLVANIA ORPHAN'S COURT DIVISION ORDER OF COURT AND NOW, this ~ }~' day of 7 ~„ ~. , 2006, upon review of the Application of the Trustee, Community Trust Company, for the Termination of The June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer, along with the exhibits attached thereto, including the Trust Agreement, and the Petition and First and Final Accounting and Statement of Proposed Distribution, we find that the Settlor's interests would be best served by terminating the Trust and making distribution thereof. WE HEREBY ORDER AND DECREE that The June E. Sheaffer Family Irrevocable Trust f/b/o Edward L. Sheaffer is terminated as of the date of this Order. Furthermore, the First -' - =~ ..--~ ~-> ..~ _ -, ~- ' L~ ~ -"t"1 - -~:, - t.=~ ~- - +-,-, -.-, <-~ - r-t and Final Accounting is approved, and final distribution shall be made in accordance with the Statement of Proposed Distribution. BY THE COURT, CC: Lowell R. Gates, Esquire, Gates, Halbruner & Hatch, P.C., ,~_~