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HomeMy WebLinkAbout09-10-12~~~-~ ~~® EX (01-10) ~ 5®50101 ~F3 CFi=iCiAL USE ONLY PA Department of Revenue penns~ylvania County Code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE Po Box.28oso1 INHERITANCE TAX RETURN 2 1 11 0 0 814 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death 122 32 1074 07 03 2011 Decedent's Last Name Suffix PANE (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW ® 1. Original Return ^ 4. Limited Estate ^ g. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received Date of Birth O1 20 1916 Decedent's First Name MI ANITA p Spouse's First Name MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^ 2. Supplemental Return ^ 4a. Future Interest Compromise (date of death after 12-12-82) ^ 7 Decedent Maintained a Living Trust (Attach Copy of Trust) ^ 1 p, Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) ^ 3, Remainder Return (date of death prior to 12-13-82) ^ 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes ^ 11. Election to tax under Sec. 9113{A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number SAMUEL L ANDES 717 761 5361 ~.. , --,~-, First line of address 525 NORTH 12TH STREET Second line of address City or Post Office State ZIP Code LEMOYNE PA 17043 Correspondent's a-mail address: l a w a n d e s@ a o l. c o m REGISTER OF~11~ USE O~VJ~Y r h_, r; } . "1 . ;,~ C~ ~ _ 'r C.~ '` .: c :.~ - - w~ .. DATE FEED ~- ~ i=r~ c"~ (,~~ -cJ ._. f~.'t_.f :.~? ~=~ C - -y . ~! - -~~- i -..:: ~ :. ~~~ Under penalties erjury, 1 de e t I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, corr and comple . D ration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATU F PERSON R IBLE FOR FILING RETURN D TE Tommy D. Pane ~6 ~ ~-CZ t ~ Z 605 Grandview Circle, Lewisberry, PA 17339 SIGNAT F PR RER A RF~SENTATIVE DATE .. _ ,~. Samuel L Andes 74 .~ ~.-, _ 525 North 12th Street, Lemoyne, PA 17043 Side 1 L 1505610143 1505610143 J J REV-1500 EX ~ecedenYs tvame: PANE , A N I T A P. Decedent's Social Security Number 122 32 1074 RECAPITULATION 1. Real Estate (Schedule A) .......................................................................................... 1. 14 6, 0 0 0. 0 0 2. Stocks and Bonds (Schedule B) ............................................................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3. 4. Mortgages & Notes Receivable (Schedule D) .......................................................... 4. 5• Cash, Bank De osits & Miscellaneous Personal Pro a 113 , 17 9 . 6 6 p p rty (Schedule E) ................ 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ^ Separate Billing Requested ............. 7. 8. Total Gross Assets (total Lines 1-7) ....................................................................... 8. 2 5 9 , 17 9 . 6 6 9. Funeral Expenses & Administrative Costs (Schedule H) ......................................... 9. 2 2, 4 0 7 6 8 10. Debts of Decedent Mort a e Liabilities & Liens (Schedule I) 9 9 ............................... 10. 6 8 7 . 4 0 11. Total Deductions (total Lines 9 & 10) ...................................................................... 11 2 3 , 0 9 5 . 0 8 12. Net Value of Estate (Line 8 minus Line 11) ............................................................. 12. 2 3 6 , 0 8 4 . 5 8 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ................................................. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) ................................................. 14. 2 3 6 , 0 8 4 . 5 8 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 15. 16. Amount of Line 14 taxable at lineal rate X .045 2 3 6, 0 8 4. 5 8 1 s. 17. Amount of Line 14 taxable at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 18. 19. Tax Due ..................................................................................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 1505610243 1505610243 10,623.81 10,623.81 1505610243 REV-1500 EX Page 3 ' Decedent's Complete Address: File Number 21 - 11 - 00814 Pane, Anita P. STREET ADDRESS 1703 Brandt Avenue CITY New Cumberland STATE PA ZI P 17070 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1} 1 0,623.81 2. Credits/Payments A. Prior Payments 10,000.00 B. Discount 526.32 Total Credits (A + B) (2) 10, 5 2 6.3 2 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 2 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 97.4 9 Make Check Payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOGKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.................................................................................. ^ ^x b. retain the right to designate who shall use the property transferred or its income :.................................... ^ ^x c. retain a reversionary interest; or .................................................................................................................. ^ ^x d. receive the promise for life of either payments, benefits or care? .............................................................. ^ ^x 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................................................... ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... ^ ^x 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...................................................................................................................... ^ ^x IF THE ANSWER TO ANY OF THE ABOVE GIUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS P ART O F THE RETURN. ~ ... _.. ~.. For dates of death on or after July 1, 1994 and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §91 j 6 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0 percent [72 P.S. §9116 (a) (1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116 (a) (1.3) . A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by bloo~ or adoption. ,. ~ Sc~EC~LEA COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF Pane, Anita P. 21 - 11 - 00814 All real property owned sole)y or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a wilting seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. Attach a copy of the settlement sheet if the property has been sold. Include a copy of the deed showing decedent's interest if owned as tenant in common. ITEM DESCRIPTION VALUE AT DATE OF NUMBER DEATH 1 Single family residence located at 1703 Brandt Avenue, Borough of New Cumberland, 146,000.00 Cumberland County, Pennsylvania (see appraisal attached). TOTAL (Also enter on Line 1, Recapitulation) ~ 146,000.00 SCHEDULE E CASH, BANK DEPOSITS, & MISC. coNnnoNweuTH OrraNSnvww PERSONAL PROPERTY INHERR~NCETR%RENRN RESDFNT OEC®EM FILE NUMBER ESTATE OF Pane, Anita P. 21 - 11 - oo81a Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Checking account No. 67213499 with M&T Bank (see statement attached). 53,189.38 2 Savings account No. 271461-00 with Members First Credit Union (see statement attached). 623.21 3 Certificate of Deposit No. 271461-42 with Members First Credit Union (see statement 25,089.02 attached). 4 Certificate of Deposit No. 271461-43 with Members First Credit Union (see statement 25,089.02 attached). 5 Burial Reserve Savings Account No. 412175-00 with Members First Credit Union (see 5,003.98 statement attached). 6 Various items of household furnishings and tangible personal property located at residence. 2,000.00 7 Real estate tax rebate 500.00 8 Bethany Village refund 1,685.05 .TOTAL (Also enter on Line 5, Recapitulation) I 113,179.66 SgiEDULE W FUNE}iE1LD(P~VVSES& cornn~oNwEUTH of PwNSV~vnNw WHEARPNCETFX aENPN /.y~ypN~• IIYENh71J PESIDEM OECmFNT FILE NUMBER ESTATE OF Pane, Anita P. 21 - 11 - 00814 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER FUNERAL EXPENSES: A. 1 Parthemore Funeral Home (funeral expense) 3,349.00 2 Rolling Green Cemetery (cemetery lot) 1,495.00 B. ADMINISTRATIVE COSTS: t, Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zip Year(s) Commission paid 2. Atromey's Fees Samuel L. Andes 3, Family Exemption: (It decedent's address is not the same as claimants, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees Register of Wills Register of Wills Register of Wills 5. Accountants Fees 6. Tax Retum Preparers Fees 7. Other Administretive Costs 1 Cumberland Law Journal 11,500.00 373.50 15.00 5.00 75.00 TOTAL (Also enter on Ilne 9, Recapltulatlon) 22,407.88 ScheckrleH FtneralF~ert9es& COMMONWEALTH OF PENNSYLVANIA A~^n~~y~~~y;,~, ,,~,~ INHERITANCE TAX RETURN A.a 1 u1 AY ww V VOI.I t~11 Y RIR~ ESTATE OF Pane, Anita P 2 The Sentinel 3 George Clauser Real Estate Appraisal (appraisal of residence) 4 2011-2012 school taxes 5 2012 real estate taxes 6 Fuel oil to heat house 7 PPL (electric) 8 PAW C (water bills) 9 Sewer bills 10 Homeowners insurance 11 Landscaping and snow and ice removal 12 Brock Peters (repairs to residence) FILE NUMBER 21 ~~ 11 - 00$14 157.68 375.00 1,361.02 910.78 354.90 177.46 91.68 153.28 330.00 1,447.38 236.00 Page 2 of Schedule H SCHEDULEI DEBTS OF DECEDENT, MORTGAGE coraeonweun~oP CaaPSnvAwu LIABILITIES & LIENS MIMEHRMlCE TAX HENHN ~ PESIDENT DECEDEM FILE NUMBER ESTATE OF Pane, Anita P. 21 - 11 - 00814 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM DESCRIPTION AMOUNT NUMBER 1 Medco (prescription expense) 46.10 2 Blue Cross of Pennsylvania (health insurance bill) 195.07 3 ~ PAWC (water bill owed at death) ~ 120.35 4 ~ PPL (electric bill owed at death) ~ 207.98 5 I Sewer bill owed at death I 117.90 TOTAL (Also enter on Llne 10, Recapltulatloh) ~ 687.40 REV-1513 E%~ (17-08) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER pane, Anita P. 21-11-00814 RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) DECEDENT (Words) ($$$) RECEIVING PROPERTY Do NOl uat inutee(s) I~ TAXABLE DISTRIBUTIONS[include outright spousal r d tr f d ib t ions, an ans e s istr u under Sec. 9116 (a) (1.2)] 1 Tommy D. Pane Son One-half 605 Grandview Circle Lewisberry, PA 17339 2 Linda A. Grosz Daughter One-half 706 Coolidge Street New Cumberland, PA 17070 Enter dollar amounts for distributions shown above on lines 1 5 through 18 on Rev 1500 cover sheet, as appropriate. II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR W HICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Main Fle No 11-0726 R-21 Paae 811 APPRAISAL OF REAL PROPERTY LOCATED AT: 1703 Brandt Ava Deed Book 21A Page 916 New Cumbertand. PA 17070 FOR: Tom Pane 605 Grandview Circle Lewisberiy, PA 17339 AS OF: D7nsno1l BY: Dennle L. Stover PA Cedieed Residential Real Estate Appreiser Certificatbn Numlrer RL 138906 Clouser Reel Estate Appraisals PO Box 777 Camp Hill, PA 17001-0777 Form GA7 - ^NmTOTAL' appraisal software 6y a B mode, inc.--1-600-ALAAIODE 1 Main FlH No 11-0726 R-2 Paae#2 Tom Pene 805 Grandview Clale - LeMsberry, PA 17339 Re: Property: 1703 Brand[ Ave New CumbertaM, PA 17070 Cllem Tom Pane File No.: 11-0728 R-2 In accordance w8h your request, we have appraised the above referenced property. The report of [hat appraisal is attached. The purpose of this appraisal is to estimate the market value of the Droperry tlescdbed in this appraisal report, as Improved, in unenwmbered tee simple HBe of ownership. This report is Dried on a physical analysis of the sHe and Improvements, a locational analysis of the neightrorhootl antl Ury, and an economic analysis of the market for proper8es such as the subject. 'The apprarsal was devebped entl the report was prepared in accordance wkh the UnHorm Standards of Professional Appraisal Practice. The value conclusions reported are es of the eHecHve dale stated In the body of the report and con9ngent upon the certiflcatbn aM IlmiHng wnditions attached. It has been a pleasure to assist you. Please do not hesitate to contaU me or any of my staff H we can be of atltlitbnal 60NICe 10 ypq. Si,^nce)rely, ~(..~ Dennis L. Stover PA State Grtified Residential Real Eslale Appraiser Certification Number RL 138908 IMaln File No. 11-0726 N-21 Pace #31 Lender/Cliem Tom Pane FI 10. 11-0726 R-2 Pro e~i _Addmss 17038rarW[Ave ~C'dy New Cumberland Courts Cumberland SIMe PA Zi Coda 17070 Banower Tom Pane TABLE OF CONTENTS Cover Page ..................................._..._............................................................................._.. .__,................... 1 Letler al Tmnsmitlal ...................................................................................................................... ...........................................................:........................ 2 Tabk+ol ConMds .._ ..................................................................................................................... .................................................................................... 3 Summary of Sakem FeaWres ......................................................................................................... ..................................................................................... 4 IISPAP Idemficatlon ..................................................................................................................... .................................................................................... 5 GP NesldaiNil .............................................................................................................................. ..................................................................................... 6 SWbc[ Phoros .............................................................................................................................. ..................................................................................... 9 InNriar Phafos .................................................................................................................__......... ...........,....._._.,...._..................................................... 10 BuilArq Skehh (Page -11 ............................................................................................................. .................................................................................... 11 PWl Map ........................................................................................................................................ .........................._........................................................ 12 CwnParahk Pholas 1-3 ................................................................................................................. .................................................................................... 13 lacadan MaP ........_ ........................................._........................................................................... ..................................................................................... 14 Appraisal AddeMum-Spacial CoM"NOns ......_ ............................................................................. ..................................................................................:. 15 StaOemem N LimiBig CondNans ........_ ............................_..................................,....................... .................................................................._..........._.... 16 Electronic 3ignaWrra CompBance .................................__..........__.,...........__._._......_............... ............................................................_................._.... 18 CeNficah ...................................................................................................................................... ..................................................................................... 19 Oualgicadons ................................................................................................................................ ..................................................................................... 20 Cualificatlons ................................................................................................................................. .................................................................................... 21 Imroke ......................................................................................................................................... ..................................................................................... 22 Form TOCNP-•WInTOTAL• appraisal scllware a1 a la made, Inc. -1-B00-AUMODE GEORGE CLAUGER (Main File No 11-0726 R-21 Page #61 APPRAISAL AND REPORT IDENTIFICATION This Appraisal fleport Is Aufl d the idlowinA types: ^SeN Comalned (A written reportprepared under SlandaMs Rule 2-2(a).parsuad to the Scopeot WOrk as disclosetl elsewhere inthis report.) ®Summary (A written report prepared under Standards Rule 2-2(b) , parsuamto iha Scope of Wodc, as disclosed elsewhere inthis report.) ^Restdc[ed Usa (A written report preparedunder Standards Rule 2-2(c).persuamto Ne Scoped Wodc, as disclosed elsewhere in this report, reshided to the stated Intended use by the specified client or intended user.) Comments on Standards Rule 2-3 I ceNLy Nat N Ne best d my kiwavledge and belief: The sutemenh d tact cadained in This report are We aM conecC The reported anayses, opinions, and conclusions are Imided only by the 2DOrted assumpdons aiM IlmNng cond'NOna and are my Denonal, impaNal, and unbiased Dmfessbnal analyses, opinlans, and conclusons. I have no la Ne specified) presed or Dmspectlve Interest In the prapeM Net is Ne suhkct d Nis raper and Iro (a the specreed) personal imerest wiN respecttc the parties invdved. I have no bias with respectN Ne OroParN Nat u the subkct d Nis report orMe paNas involved with Nis assignment My engagemed In Nis assignmad was nd cmtinped upon develcpinp or reporOng predehrtnined resutis. My canpansatlon to comphing NIs assiAnmed h not cangngad upon Ne develapmed a reporlNg d a petleterminad value or d'uectlon m value Nat favors Ne cause d the client tin amaud d Ne value opinion, Ne atlalnmed d a stlpuuhd result, a the accunance d a subsequed eved directly related N the nteMed use d NIs appalsal. My anayses, apniens and conclusona wme developed aM NIs report has been Drepared, In cadarmiry wiN Ne Ulidorm StaMaMS d Pmfasslanal Appreual PraNce. I have made a personal inspection d the property that u the subkd d NIs report No one provided signtlhad real property appraisal assistance N Ne penon signhg Nis ceidficagon. (tl Nere are aaeptans, Ne name d each Intlvidual providing sipnlf~cad real property appaisal assistance h stated elsewhere In NIs report) SlpnaNre: Noma: Dennis L. Stover Dale Signed: J ry25 2011 SYau CaRkation #: RL 135908 a State lkeme #: Sure: pq F~Piratbn Dah d CeNikatlon or License: OB/30f2013 Etlective Dab d Apprahtl: Sipnaure: Name: a State License #: State: ENrlretlan Doh d Certilicatla or Ligense; SupeMSOry Appraiser aupectian d Subkd ProPeM: ^ Did Nai [] Enedar-sty imm stieet ^ Nhrior and E>Qedor Form 1056-NMTOTAL' appraisal sotlware by a la mode, Inc. ~-1-BOS-ALAM00E ppppplgEp; SUPERVISORY APPRAISER (onty U raqulretl): UtUHGt 0.AU5tH IMain File No 11-0726 R-21 Paae #61 ' Summary Report c~efn~$L$Tiei eeaRelSel SI IMMARY REPORT FIkNo: 11-0726R-2 r~ wrvr.....--.r ... ..... ~.._ --._--_-_ - _ _- _ _ berland State: PA Zi Code: 17070 C' :N C ew um e Address: 1703 BreMI Ave Cam Cumbedand Legal DescriDlbm Deed Book 21A Pape 918 Assessor's Pamal #: 26-230543397 ~~ Tax Year: 11-12 P.E. Taxes: $ 2 136 S acial Assessments $ NA Barmwar (d appllwNe : NA ~' Cunent Owner of Record: The Estate of Anita Pane Occupant: ^ Ownm ^ TanaM ®VacaM ^ ManMacNred Housin Pro'ed T PUD CondomWum Co era8ve OUer describe HOA: S NA er ear er month ' Madan Paea Name: New Cumbedand Boro h M Refersnce: 25420 Census Tract 42041-0107.00 The ore Nlhis isal lsb dev an nlon M: Maket Value as defined or other Mvabe describe This re n retlects rise tollowl value d trot Cune sea comments : CusreM Nor Ins ec8on Data Is me EBecBve Dale Retros tlve Pros ectlve z aches dove d fw this a sisal: Sales Can rison A h Cost A ch Imome ch See fleconcillatlon Comments and Sc0 e M Work , Pro R hts Ised: Fee BI le Leasefrold Leased ke Olha deunbe Intended Use: The intended use of this sop a'sal report is for the cl'ent to evaluate the laroperta that Ls the subiect f this aplxa'sal to eslabl'sh a yp fair market value. intended Uur s name a e : The intended user of this a relsal re rt is the client and rw other users a intended CIIeM Tom Pane Addmss: 605 Grandview Grcle Lewis PA 17339 -. A Isar: Dennis L. Stover Address: P. O. Boz 777 Cam Hill PA 17001-0777 - Locatlon: Urban Suburban Rural Predominant One-UnN Nousing Present Lend Use Change In Lsnd Use Built up: ^ Ovw 75% ®25-75% ^ Under 25% Occupenry PRICE AGE One-Untl 85 % ^ Not Likely ~~ © Growm rste: ^ Rapid ®Sbble ^ Slow ®Owna $(000) brat 2-4 Ung 5 % ^ Likely • ®In Process' • ' To: vacant land to RopeM values: ^ Increasing ®Btabk ^ Declining ^ Tenant 70 Low 0 Mu18-tint[ 5 % ' ' I 5 % residential development h 150 Comm Demand/supPN: ^ Shortage ®In Balance ^ Ova SuDPN ®VacaM (0.5%) 350 H ~+': Markedn tlme: Under 3 Mas. 3-6 Mos. Ovw 6 Mos. VacaM >5% 165 Pred 35 % m• Markel Area Bamlanes, Deuripiion, ant Market paldttlona (Including suppatta the above chancteris8cs and trends): The subiect neiphhorlwod Is the Borough of New Cumbedand Shoppi o schools and churches ere bcaled within 10-15 minutes of the property Full service shopplnc M i nutes Pudic sclwol students attend the W ast Shore Sclwol District available at the Camp Hill and Capital City malls aoprozimetely 10-15 m ~ ~^~^ ^~ ment ce tars are kscaled In Hardsburo Camp H'll York and Mechanicsburo Market wndmons n the subiect neighborhood are w std red modest Iv active with knv f110rtga e'nteresl rat a belrg fibs primary catalyst Sales'n recent weeks have been moderately active. y, t>-° , T•~~ ~AIB a ci g f r rasident'al propert'es'ncludes 80% to 90% loan 1-3 points 5.5-6.5% mortpaoe iota est tes for uo l0 30 veers Tvo'cal ~ ~ market'no time is between 30 and 90 days Dimensions: See Plat Ma BM Area: .21 Acres Zoning Classifkation: R-1 Oeuriptlon: Res'deM'al Zoni Com lianca: L al Le al npncoMmnin randlathered Ilk al No Bonin Are CC8R5 a IkableT Yes No Unlmown Have the documents been reviewad7 Yas Nc Gmund fleM N a gcabk $ / HigheMBBest Use as lmpmved: Presentuse, or Olheruu (explab) AMUaI Use as M EHecBve Date: Residential Use as appraised h INIS repom Residential Summary M Hyhest 8 Best Use: The high st and best use M the subiect is the present use. T UUlitles PubBC Other ProvMerNescdpdan 011-ante Improvamend Type Puhlk Private Toppgraphy Rises from street ElechicM ® ^ PPL Shell Macadam ® ^ Siae A Gas ^ ^ NA Cut6/Gutler Concrete ® ^ Shape Irr ular Water ® ^ Public Sidewalk Concrete ~ ^ Drainage A Sanitary Sewer ® ^ Public Street tlphts Yes ~I ^ View A Sbrm Sewer Yes Alle None OMw Bile elements: klsbe LM Comer LM Cul de Sac Unde routs Utllitles OMer describe FEMA S 'I Rood HaraM Area Yes Np FEMA Flood tars X FEMA Ma # 42041 C0282E FEMA M Date 3/162009 Site Comments: There are no apparent easements enwoechmeMS special assessments, slide areas or'llegal or legal nonconforming uses known. GenerN pwHplbn Exlena Daaulptlon Famdetlon BeaenMl NOne Heating # M Uni6 One ^ AcaUntt FoutNa0on Concrete Block Slab 0 Area Sq. FC 1 080 TYpe FWA #m5labs 1 Exlerlar Walls edck/Alum Crawl Space0 %Flnished 0 Fuel Oil Type ®DeL ^ Atl. ^ Root Sudace Shl le Baswnent 100% Caging O NSUs Dasipn (Style) Ranch Gutters 8 Dwnspls. Aluminum Sump Pump ^ Yes Walls Panel/Block Cooling ® FNStlng ^ Proposed ^ Und.COns. window Type DNHn Casemt Dampness ^Yas Floor Concrete Central Central Actual Age (Yrs.) 54 SbrrtVSCmens InsulateNF~cISU $eltlsment No Evidence Ou6ke Entry NA Otlrer ' EgecMlw a rs. 15 Intestatlon No Evidence Inlrlar 0aunpthn Appliances Atlk ^None AmenMee Gr Storage ^ Nane Fleas Ca etMn RMrigeralor ^ Stairs ^ Neplace(s) # 1 FP _ Woodslove(s) # Garage # nt cars ( 2 Tot) Walls D all Rarpe/OVen ® Drop Sklr ^ Pa0a PaBo Atlach. _ TrimrRnlsh Wood Disposal ^ Swttle ® _ Deck Detach. _ Bath Raa V Dishwasher ^ Doorxay ^ _ Parch BIL-In ~. BaN Walnswl Ceramic Tile FaNHood ® Flaor ^ - Fence Rear _ Cation Doors Wood Mkrowave ^ Heated ^ Pool _ Driveway 1 WashegD Fnbhed Sudace Macadam FlMshed area above ode cantilns: 5 Rooms 3 Be drooms 1 Bagi(s) 1080 Square Poet M Gross Llvhg Ana Above Grade Addigonal feabres: Deurihe the coMidun al tie DropeM QnClUalng physical, tuufional and e#emal obsoleueue): Pam GPRE52-'WnTOTAL• appraisal software by a la mode, inc. -1-800-AI-AMDOE 827 IMarn the No 11-U/'CB H-21 Paae #!I Summary Report Ie~~tnc~tTlnt nooveicei CI IMMARY RFPART rn.a"~ 17-m2sR-z My research rid did not reveal any pda sales atnnsfers d Na sublect papeRy IorMa Urea years prim la tits ellestive dale d this appraisal. Data Souroe s : Cumbedantl Coun Taz Assessment Office 1St Prior Sub ed Sale/(renshr Analysts of saW'transfarhistory anWa airy curtem apreememdsal&listing: Da@: Not in the last ' Price: three ears. - Sources : CCTAO y; 2M Prig Sub act Saldrransfa Date: Price: Soume s SALES COMPAfNSON APP FEANRE ROACX TO VAL SUS&CT UE f le vel The Sales Com arlson COMPMABLE SALE # 1 roach wu na develrNd la this a s COMPARABLE SALE # 2 isal. COMPARABLE SALE # 3 ~, ~' _ Address 1703 Brand[ A New Cumberla Pro>om to Sub act Sale Price S Sab Prke/GLA S Data Sources I Verification Sources VALUE ADJUSTMENTS ve 5 nd PA 17070 ~Ek - G ~ ~ ~ ~ -- NA'. Is .tt.S ns 'on NA DESCRIPTION 01 Hillside Rd 1 New Cumberland PA 17070 .95 miles SE E 148 500 132.94 .ft. CPML Courthouse Realtor Tax Assessment Records DESCRIP110N + - E Ad usl 717 Sherwood Rd 7 New CumbertaiM PA 17070 0122 miles SW ~ S 14 500 S 137.95/s tt. "*#5 ':kn~t. CPML Courthouse Realtor Tax Assessment Reoxxds OESCRIPTIOPI + - S Ad' st 19 Barbara St New Cumberland PA 17070 0 34 miles SE ~ , ~'~. °`°` E _ 143 000 5 107.28/ a ~~: "? ~~'". CPML Courttqusa Realtor Tax Assessment Records DESCRIPTION + - S Ad sl. ~:' '.:. Saks or Flnancing Concessions NA NA Conventional None Knoxm FHA Seller Hel -7 968 FHA Seller Hel -5 O68 ~' Oate d Sale(Rme NA &15/11 MT 0 4/12111 MT 28 9/9/10 MT 5 fl' hts ised Fee Sim a Fee Sim le Fee Sim le Fee Sim la Leaden Suburban Suburban Suburban Suburban She .21 Acres .26 Acres .15 Acres .33 Acres Yiew A E ual E ual E ual Oesin S k Ranch Ranch Ranch Ranch Oual' NConsWCtion A /edck/Sidl A /Bdck/SMi Av /Sldi +S OOO A /Sitlin +5000 e CaidiBOn 54 A 51 E I 58 E ual 59 E ual ~~ Ahove Gmde _ Tool Bams BaNs TaW Bams Batlu Trial Brims Badts Tabl B6ms Bahs Room Caunl 5 3 1 5 2 i 6 3 1 6 3 1.5 -2 500 Grass LWin Area 1 080 s .tt. 1 102 s .h. X30 1 033 s .K +705 1 333 s .tt. -3 795 Bazamem 8 Fnishad Full Unfinished Full Part Finished Full UrtBnished Slab Rooms Bebw Gmde LeWStor/Mech GmVStor/Mech -2 000 Stor/Mach NA +10 000 Wnctlonal lal A Av Av A Nea' Coalin OFWA/CA EHPlCA GFWA/CA GFWAlCA En Elficiam Bema Insulation Insulalbn Insulation Insula8on Ga rice R 1 Car Car rt 1 Car Detached -i 000 1 Car Ca R NA +1 000 ' PactvPaBWOeck PaBo NA +500 path Deck Fla ce 1 FP NA +2 000 NA +2 000 1 FP Y a 'Net Ad shed as + - E -830 + - S -263 + - E 4 637 d Comte mMes ce S 145 870 ~ S 142 37' ~' E 147 637 Summary d Sales Comparison Approach Sales used were II reasonabN simile stNe dwellirxls In the sa a elohborhood and suDied to reaso Ny slm'lar amenities AdiuslmaMS were based on market eMrectbn anoUor lutlomem The'ndicatetl value ranoe on the above odd exl nds fm 5142 237 to $150 670. The Indicated market value is estimated to be less ih n the wooer end of Ne value rerme and at $146 000. Aker an extensive search of available data bases. all three comparable sales used were deemed "BEST AVAILABLE" Main Flb No 11-0726 R-2 Parrs #el Summary Report De~rne~rTaeE eDDDeSCe1 CIIMM~RV RFPnRT nwu~ tt_m~aR.z r~wrv~r.era-.a., .................. ........... __. .--- ---- __.._. CAST APPROACH TO VALUE Bevel The Coll roach was not devaN ed torlMSa alsN. Provide adequate IMotmatian fa replkatian of th folbwinA costhoures and cakubtlons. SupponlorNe opinion N site slue (summary of compareble land sales a oMer meNods tar estimatlnA sAe value): MarkeVCCTAO .~~' ESTNAATEO REPRODUCTION OII REPLACEMENT COST NEW OPMION OF SIZE VALIIE .....__..._.._...__._........._.....__.__...._... =E 40 000 Souroe of cost dab: NA DWELLING E .R. E ....... =E '. Ou retin ham cost service: NA EBective date of cost dffi: NA 59.R S ~ =E etc.): deprecbtien ross gvbg area calculafions ds an Cost A roach ( e ~` C S9.R. @ S . =S , , t pp omm G NA S9.FL @ 3 ._ =5 59.R. @ S ... =S =a ~ Gat Ca on S .R E .- =S Total Estimab N Cost-New .. =S Less Ph siwl Functional Exhmal atlan =E Oe bted Cost of h vemems ..._ ........... =E "As-b" Value N Stle Im rovemems ...._.__ . _..........._.._..___. =S F, _$ _$ Estimated Remai ~ ECOnank Life tl fired: 45 Years INOICATFAYALUE BYCOSTAPPROACN _..___.__.._..........._.... =S INCOME APPROACH TO VALUE The Income ach was nor deve d for this a isal. -~Estlmated Momh MadcM RerdS NA %Gross Red MuN a NA =S IndlcWdYtlue Inwro xlt ~ Summary of Ixame Appreach (Including support fa market reed and GRM): ~ i ~'; Y PROJECT INPoRMATgN PoR PUDa N Icebb Tha Sub is art d a Ranned Unit Oeveb erA. L I Nana N Oescdhe wmmon elements aM recreatlanal bcllitlas: NrdketM Velw :Belo Wm darrnA roech5 146000 Cat oath (It Bevel S ND Insane eh (N deve S ND Flnal RecanciAatlan Insuffciem market data was available to Oraess itta Income Aporoaeh. 'fhe Sales Compartson Approach's deemed mtost rel'able and given preatesl weight This appraisal is made "as is", subject b completlan par plans aM spacMcatlons on Ne basis of a Hypotltetieal CoMition That tits hnprovemems have been canpoted, ^ suhjea N tits fdlowing repairs or aheretlons on the basis d a HypoMetical Cond'Non ma'. Me repairs or atieretiats have been completed, ^ subpct N z,. tiro fotlowing required inspection based 9n the ExtraoNbary Assumptlan Nat tits conditl9n a deAdency does no[ squire altxation a repair If prooerN is sold. -~ sublecl to sat'sfactorv termite and radon certificalbns with appraised value based on clear lest results. TMs Is also sub' ct to aNar H atlcal Candltlons anWa Eadramdina Assu ass etiied N tlw afficAed addenda. Bored on tlw degree of IropecUon of th slrbbet properly, ea bMbatad below, deRtled 8oope of Wody Stebment of Aewmptlone eM Limitlng CondPoona, erM Appraber'a Certlibatlona, my (our) Ophtbn of the MerkN Velua (a other apecllletl vslue typal, ea defined hereto, of the reel properly that la the subkct of Ihb report le: S 148,000 xd: 07/03!2011 , whbh b the eHeetlve date of Ihb epprelul. N Indicated above, thla Opinbn of Value b ardr(ect to XypoUletlcel CondNbna end/ar Fxtreordlnary Aaaumptbm Ihcludad In Ihb report See attached edtletMe. A hue and compkb copy of fhb repot contains 22 papas, bcludinp exhNBS wtdch are considead an Nhgral pad of the report. TMs appreisal mpod may rrot ba prpperty utMerstaod witltout reference to the Imamatlon coNaitted in the compote report Affiched Ed~ibhs: ® Scope of Work ®LknPong CondlCerttlbations ^ Nanatlve Addendum ~ Photograph Addenda ®Sketch AddeMum ® Map AddeMa ^ AddPoOnM Sales ®Cast AddeMum ^ Flaad AddatMum ^ ManN. House AddeMUm H cal Condgbtts Ebreordina Assum 'ens I Cliem Comact Cllem Name: Tom Pane EMall: Address: 605 GrandNew Clrcte LeMSbe PA 17339 APPRAISER SUPERVISORY APPRAISER (If required) or CO-APPRAISER pT epplfcable) '^/ ~ ~ ^ ver Appraise Name: Dennis Co-Appral~ser Name', Company Clouser Real Estate Apo aisels Comparry: . Phone: (7171737-7300 Fax: (7171730-0922 _ Phone: Fax E-MaA: dstovermaxdtlcomcast net E-Mall: Date d Report (SlgttaNre): JWV 28 2011 Gate N Repel (SgnaNre): License or CerOfkatlon #: RL 138906 Sbte: PA Loanse er Cetlfbatlon #: State: Desgnalbn: Dasgnation: Expkatbn Dak of License a Cettifroation: 06/30/2013 E~Iratlon Dab of License or CertiAcatlon: bspecdan of Subject ®kdebr 8 Exteda ^ Exbda Only ^ Nona Inspection of SuhjecC ^ kderler & Exoda ^ Exoria Only ^ Nare Date al Ins 07/2fi12011 Date of Ins ctlon: r,uwermo xvntua Y mesa. Ye. This Imm may b nmmYiae ummNYM MYournaYn wmUam, powese, eY moae, lnc, meGee xbwr4Mae orb ueem e' RESIDENTIAL FormGPRES2-M1YInTOTAL'appraisalsoftwarebyabmode,inc.-1-BOQALAMODE ~2~7 (Main Flle Na 11-W26 B-21 Paae #01 Sutr)ect Photo Page Lando/Clierd Tom Pane PmceM Address 1703 Brandt Ave City New Cumberland Caumy CumberlanM Stale PA Zi Code 17070 Barmwe- Tom Pane Subject front 7703 Brand! Ave Sales Pdca Gross LINIy Area Total Booms Total Bedrooms Telal BalArooms Location 4u!w Site Oualiry Age NA 1,080 5 3 t Suburban Avg 21 Acres Avg/BdcWSiding 54 Subject Rear Subject Street Form PICPIX.SB -"NnTOTAL' appraisal saflware W a la mode, im.-1-B00-ALAMOOE interior Photos tMalp Ile no. 71-U/Ztl H-Z( /aQe #lUi LeiMer/Cllent Tom Pane Property Atldmss T703 Brarldi Ave ~CM1y New Cumberland Courdy Cumberlantl SUte PA L Cade 17070 ~BOrtower Tom Pane LIVING ROOM KITCNEN $ATH BEDROOM BEDROOM BEDROOM HVAC BASEMENT HOT WATER HEATER Farm PICINTIS -'NIpTOTFI' appraisal soMrere M' a d made, Inc.-1-A00-ALMAOOE Buliding Sketch IMale rile N0, t i-0!ZO H-Lf Ya0e Ri if LeMedCfem Tom Pane FmpElty Address 7703 BrerWl AVe City New Cumberland CoumV Cumberland State PA Z Code 17070 Bonawer Tom Pane 1703 BRANDT AVE. FIRST FLOOR _ ~ ..u mew 6y F •e®,ax~ ym uw R 1~ W BASEMENT F nawrun a ~MNe~/ AREA CALCULATIONS SUMMARY Cotle Daecd n Nsl81a Net TOWe 0I ~1 PirtG Ploor 1080.00 1060.00 66MT Beeement lO6o.0o LOBO. o0 aaB cetport axo.oo axo.oo Net LIVABLE Area (Rounded) 1080 LIVING AREA BREAKDOWN Breakdown SublObb Piret. Ploor av.oo : ao:oo a6ea.oo 11tem (Rounded) 1080 Form SKi.BIdSVJ-^NInTOTAL• appraisal sottwale by a la mode, fnc.-1-B~AIAMOOE IMain Flle No 11-0726 fl-21 Paae #721 Plat MaD ~9 i'~ c~~t'Bc'A gTRFeT ~t$ Fs ~~r i ~~ i ]08 LOOUD~~EET 42B '1708 BRANDTAVENUE '1724 BEL KLEY DRIVE ,~ / ~~ 394 ~~° 4U2 / Ty4 ^~ '{. O.13Ac. 702 CO0IJDGE STREET `~ 39J 0.22Ac. ~ ,~' Ty4 704 COOUD GE STREET p~ O.20Ac. rY~ ~`~~ 4QU 397 1703 BRANDTAVENUE 425 ROB BRANDTAVENUE ~pC 4D4 `~<~bc RgFT O F`9T subtect 1D73 Brandt Ave. ~, 398 /~ 1700 BRAND TAVENUE 0.3OAC. M `424 ~00~ 1]02 BRAN DTAVENUE p 1T ~' 423 aam ~j ~Om 399 f,,~~ Dui Q ~~ \ T~ Ty4 Fam MAP.PLAT-'WInTOTAL' appraisal soMxare Dy a W mode, inr..-1-800.ALAMODE (Main Flle Nc ii-0726 R-21 Pane #131 Comparable Photo Page Lender Ferri Tom Pane Pn-- M Address 1703 Brandt A e ~C' New CUmbedand CamIN Cumbedantl State PA 2i Code 17070 Bertower Tom Pane Comparable 1 501 Hillside Rd Prax. to Sublect 0.95 miles SE Sale Price 146,500 Gross LMnA Ama 1,102 Total flooms 5 Trial Bedrooms 2 Total BaNrcoms 1 LocaBon Suburban View Equal SBa .26 Acres Oualiry Avg/Bdck/Sltlin9 Age 51 Comparable 2 1717 Sherwood Rd Prar. to Suhjecl 0.22 miles SW Sak Price 142,500 Grass LFdng Ana 1,033 ToW flooms 6 Total Bedrawns 3 Tolal6adtrsams 1 Locatlan Suburban View Equal Site .15 Acres Oualiry Avg/Siding AAe 56 Comparable 3 719 Barbere St Prox. to Suhjecl 0.34 miles SE Sak Price 143.000 Gross LlvbA Ara 1,333 Trial Rooms 6 Total Bedrooms 3 Total Bathrooms 1.5 Lgratlan Suburban Vlew Equal SAe .33 Acres OualBy Avg/Siding Age 59 Farm PICPO(.CR -'WInTOTAI.' appraisal software by a b matle, inc.-1-800-AAAMODE IMaln Flle Na 11-0726 R-21 Paae 8141 Location Mao Portn MAP.LOC - WnTOTAL' appraisal software by a M male, in:.-1-800-A1AM00E (Main Hie No 71-UI'La H-ZI Paae #751 Special Conditions 51e Ns. it-0726 R-2 Lander/CNeM Tom Pane Prooedv Address 1703 Brendt Ave City New Cumberand COamy Cumberland State PA P Code 17070 ~Boaower Tom Pane SPECIAL CONDITIONS ADDENDUM The follpwing checked ttems are spacifa special conditbns Nal were identified by the appraiser dudng the inspection of the subjeM property, the Incomparable sales, and their naighbortaods and locations. 1. The subject is located in a rurel area end is less than 25% built-up. The aandition is typical and common for the area and DOES NOT affect the market value. _X_ 2. Commercial uses era boated within Ne subject's neighborood. Those uses era typical of similar neighhortwods and DO NOT affect the market value. _%_ 3. IMUSbial uses are located within the subjecYS neighborhood. Tha presence of indusMal uses, is typical for the neighbomood and DOES NOT affect the market value. _X_ 4. Vacant arts underdeveloped land uses are boated within Ne subject's neighborhood. These uses are typical for the area and DO NOT affeM the market value. _X_ 5. The predominant value In Ne neighborhood is greater than that of the market value of the subject property. This condttion DOES NOT have an adverse affect the rnarket value. _ 6. The subject property Is located In a F. I. A. Idenl~ed Food Zone. -7. Dampness is noted In fhe basement of the subject Scantling err runrnng water was not presets on basement fbor. _X_ 8. The subect is oltler than Me(5) years old. All mechanical systems InGUdirq the heating, electrical and plumbing system appears upon a Nsual a#edor inspecion to be in woddrg order. No wartantles ere Implied in this slatemaM. _ 9. The elecaical system w% rat connected dudng inspection. _ 10. The water servira was not connected tludng inspection. _ 77. The heating system was shut dorm during inspection. _ 12. Well end septic are common to the area. _ 13. Repair ttems were rated in the comments section of the report. These comments on repair items are for tlescrtpfive purposes only and ere not required repairs. The repair ttems are cosmetic In nature and DO NOT affect the market value.. _ 14. Subject is new construction arts was 90% completed on date of Inspecthon. ComINiance and completion Inspections suggested prior to settlement. 75. Shouts property be soW, termite and radon certficafions are suggested, with aDDraisetl value based on clear results. i6. The land value exceeds 30% of total value due to the high demand for vacam land in this neighborhood. This condition u wnsidered common and typical for the neighborhood and DOES NOT affect the market value. 17. The land value exceeds 3D% of total value. ThIs fs due to the large size of the sHe. this condition is considered to 6a typical eM common end DOES NOT affect there market value. 16. IMividual edjuslmeMS were required Nat exceed 10%. These adjustments were requiretl due to the lack of more similar comparaNes on that individual rating. All three comparables are the BEST AVAILABLE. 19. Total Bdjustmem8 exceed 15%. This Is due to the lack of wmparebles on that individual retfng. All three comparaDles are Ne BEST AVAILABLE. _X_ 20. Ona or more comparable sales are older than sIZ(6) months oltl. Altiwugh there are comparable propeNes in the subject area, rane have sold recently, thlrrafore, sales in excess of six (6) monhs old had o he used. 21. One or more of the comparebles used were in excess of one(1) mile from the subject property. Alttaugh there are comperebles M the immediate area, rarer have soltl recency. Therefore, I[ was necessary to use comparable sales outside of the knmediate area. All comperebles used are boated in similar neighbodaods and within the same marketing area. All three comparahles used were the BEST AVAIIABLE. _ 22. Roofing certi0catlon Is suggested. _ 23. PlumNng certification is suggested. 24. ElectrtCel cert'daation is suggested. _ 25. Healing certification Is suggested. _ 26. Fkwd Hazard Insurance is suggested. _ 27. Seller is paying part or all of closing cost. ThIs DOES NOT affect the market value. _X 28. All comparable sales era closed sales, _X_ 29. The subject property has not transferred in the pest Mree years.. _X_30. This appraisal is a Summary Report wtth complete data retained in aDpaisal file. Folm SUP-1YmTOTAL' apgalsal softumre sY a b mode, inc.--1-N00.ALAMODE IMain Flle No. it-0726 R-21 Pane #161 DEFINITION OF MARKET VALUE: Tha mast probable pdce which a property shale hdng in a compeAtlve and open madam antler all condNOns requisge m a fair sale, the buyer and saga, each actlng pmdeMy, knowletlgeaWy and assumirg ma pdu is trot ahbckd by undue stimuks. ImpNCh in mis definifon is tlee consummaAon of a sale as of a specified date and me passing of tltle from seller m buyer ants condlAons whemby: (1) buys and sells are lypicalty moAvafed; (Z{ hods paN'es are wag hdoimed a weA adaised, ant each acAnp h what De croskas N5 own best inkmst (3) a reasonaae Ame Is albwed far e~osura m Are open marks; (4) payment k made k kmis d cash k U.S. dollars or in terms al fnanciil anangemads compatible meren; ant (5) me pdce repesads the normal considetitlon for the propedy sold unstated by spedal Or creative financing or sales comesaims• gtinkd by anyone assodated wgh the ale. Adlustrnelds m ma canparables must he made for special or crea8ve fnanclnp or sales concessons. No adrysanems am necessary fa moss costs whkh are namagy pill by sellers as a result of tladi8on a law in a marks area; mesa casts are reality Idelnifabk since me sells pays mesa casts in viraalty aN sales Dansaabn5. Gpxiil a creatve fkuncfg. adptatmeds can be made to me comparehle proDarty by canphdsons to finaminp tams oferedhy a mird Dady insAtuAonal IaMe mat Is nN almady involved in me propety a fansactlon. Arty a0pisDnem should na be calculaled on a mechanical dagar tm dWar cost of me financing or comasion but me dollar amount al any adjustmem should approximate me maBet's reacfon to me fmanckg ar concessions based m me appraisers judgement STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINDENT AND LIMRINO CONDRIONS: The appraises ceNficatlon mat appears m the appralsm report is suD;wzd to the following ca~Aans: 1. The appraise wAl nal be responsible fa magers of a legal nanm mat afect etther me property being appraised a me Btle to k. The appraiser assumes mat me Atle is good and marketable and, memfae, wiN not rertdsr anp opMlona about the DAs. The property b appraised on the Dasis of k being ands esponsible ownership. 2. The appraiser Des provided a sketch in ma appraisal copal to show approxlmak dimensions N me improvemads and ma skech Is included Doty to asskt the made d gm repot k viaualalr~g me prapedy and urMerskMing ma appraisers dmeiminatlon a As sin. 3. The apptika has examined Cm available flood maps tlut am provided by me Fedeal Emergency Management Agency {a oma dale soumas) and has rioted k me appraisal report whetlrer me suhJea silo Is bcakd In an Handfed Speckl Rood Hazard Ama. Because ma appreker k rat a surveyor, he a she makes no Auammees, erymss or impged, regardmp mk detemdnatlon. 4. The appraiser wAl ml plus testlmony a aDPear k court because M ar she made an appraisal of me prop,ury k quesfian, uNess specAlc anangemads n do so have been made hmaeharM. 5. TM appraiser has esAmak0 ma value al me land k fin cost approach al gs hiphem and best use and me Improvements at meir comdbutay value. These separak vakatlons of me land and Nnprmaimms must not he used k conjonctlan wtth airy ants appraisal and are mvalM g Ihey are so used, e. Tha appraiser has noted in ma apptiisil report airy adverse cmd'Nms (such as, needed repairs, depreciafal, ma Dresence of hanrtlous wastes, mdc substances, me.) obsaved dudng the inspectlon al me subbed property or mat he a she became awtm of dudnp tlw mmai research nvdved M patomdng me appraisal. Unless egalwise staled m ma apprakal mpat me appraise has m knowkdpe a any hidden or unapparem condiAms of tlsa propedy a adverse anwronmamal condNOns (includirp th praseue d hazaNous wastes, to>ic substances, ek.) thm umuld make me aoperty mom or lass valuable, and has assumed that rase am no such cand'NOns and makes no guarardees a vnneNes, express a implkd regarding tlw wmlAon al me propetry. The appraiser will na ba resparslble is any such condPoons coal do extra or for any engineaing a leafing mat might ba mquDed m discover whatllar such conditlons exist Because me apptiisa Is nm an expel in me field N envlronmadal hanrds, me appraisal report mum not he caxsidemd as an envirenmeMal assessmem of me propary. 7. The appraiser obklned tlw Inlormatlon, esAmmes, and opinions coal wem e~ressed ktle apprakal epod tram sources mat he a she consldem W ba reliable and hegaves mem to be We and coirecL The appraise does na assume msponsibigry fa the accuracy of such dams tAat wem lumhhed by oma paNes. 8. TM aDDralaer wiN na disclose ma comet of IDs appraisal repel except as provided for in me Ungoim Standards of Prolesskml Appraisal Practlce. 9. The apprake has based his or her aDMaisal mpod and valuatbn conclusion to an apprsisil mat is suhbcl m satlsfac/ay completlon, repairs, or aAetitlons on me assumpAm coal canpktlm of me improvements wig be pedomad k a warkmmgke mama. 1D. TM appraiser mum provi0a his ar ha pda wdAen conceal balsa me lender/cfem apecfied in tlw appraisal mpat ran dkhibuk the appmkm report (Includ'Nq axmkskns abaa me property vales, me aDprakers kantlry arm pMassknal tleslpnatlans, and ialarelmes m any prMessbnal appraisal organkatlons a ma tinn vnzh which me appraka b asso-lakd/ n anyone aMr than dw borrower, tln malpagee or tts successors and assigns; the modgage iireumr, consuttards; professional appraisal aganlzagons; any male w tedetilly approved mancial Insmutlon; a am/ deparMem, aparoy, a InsWmemality il the UNtad Stmes a any stale ar tla DlaMct a CalumMa; except coal me lender/egad may dshPoute da prapedy ~scdptlm sectlan a 1M spat Dray k data cagectlon or rapagng servke(a) widam having k oMaln ma appraiser's prig wmren cansem. The appraises wdgas consent ant approval mum ako he obnined before me aDMalsal can 6e emvayed by anyone to ma Wbge mroDAh advaASirq, puhgc ralatlans, taws, sales, ar oma media. keddie Mu form 4396.93 Page 1 of 2 Fannk Mae Form 10048 &93 GEORGECtAUSEI from ACR-"AfinTOTAL' appraisal software by a la mode, inc. -1-BOD-ALAMODE (Main F'le No 71-0726 R-21 Paae #171 APPRAISER'S CERTIFICATION: tM Appraise serApes and agrees that 1. I have researohed the subject market area and Lave selected a mkxman of Wee retem sales of ProPermrs most shnllar and prokmale to the subject property for corrsberalion qr the sales canpadsm analysis and have made a dollar adjushnent when appropriate m reflect me market reacecn to moss dams of significant variation. d a sigrdBrard hem M a carryarebk propary k supeda to, a mom lavaabla man, me sutryect pmpedy, I have made a negafive ad'psMem to reduce me adlusad sales price al me canpamhk aM, h a signilkam hen In a compamMe propedy k Irderior to, a less favaabk man me subject property, I here made a posNVa adjasmrem a increase me adjuskd sales price of th temperable. 2. I have taken Into cansidemflar the tatters mat have an impart on value in my davalopmeM of me aztlmak d marks valae kr me appraisal report 1 have not lawwln9ry withheld any sigrdlkaM kdomudon hom the appraisal raper and I belkve, to me hest m my Imowledga, mat all satemems and irdarmafign in me appmkal report are We antl correct 3. I slated In ma appraisal report only my own personal, unhiased, and pMessional analysis, opinons, and conclusions, which are suhjsct adY b the corrdngenl and IimNng conditlons spechkd in mis form. 4. I have na presem a prospecdre interest in ma propedy mat k me subject to mis repot, and I have no presem a Orospectlve personal interest or bias wdh mspesa to tla parOCryams in me lransacDOn. I did na base, eitlrer padatly or campktely, my anaysis and''a me estlmate al market value In me appraisal repot on me race, cdor, religion, sex, ha~cap, familial status, a natlonal odgkr of ekher me Drospectlve owners a occupaMS of me subled propedy a of me presem owners ar acupana of ma properDes in me vicinhy al me subject prepeDy. 5. I have no presets or comemplated tuWre imeron in the subject property, and nefiher my curram or fuNm emplaymem nor my compensation for Dedarming mis appraisal Is conageman me appraked rase aP Bra property. 6. I was not required to report a predetermined value ar direcdcn b value mat hvora me cause d me cAem or any relakd party, th amoum of me value esdmah, me attaimnem N a specAb result a me accurtence a a subsequwd evem in ordm to receive my compensatlon arrdrar employment fa performing me appasal. I did not base me apprasal report on a requested minimum vabat'wn,aspechk vakaflon, a me need a approve a specific mortgage ban. 7. I periamed mis appraisal in cordormhy wim me Urdtorm Sandams d PMesslonal Appraisal Prectlce mat were adopted aM pranulgak0 by me Appraad SarMards Board a The Appraisal Faandatlon aM that were in place as d me eflectlve date of ma appraisal, wfih me mccepflon of me depaMre provision a mass Standards, which does not apply. I acknowledAe mat an asdmak of a reazonahle tlme fa exposure in ma qnn market k a candhbn a me deflnPoan of market value and me estlmak I devebped k consiskm wim the marketlng Ama noted in me neyhharhood sectlon d mis repot unless I have omerwise stated In me reconclliatlon sactlon. A. I have personaly Inspeckd me aarior and extaicr areas M th subect property and me exterior d all pmpertles lisah as comparables in the appraisal report. I IuMer cerDfy mat I have noted any apparent a known adverse cand'NOns in the subject knprovemana, an ma subject she, or an airy site wimin its Immedaa NcInM of me subJod prppedy N which I am aware and have made adjusMems is tlrese adverse candmons in my analysis N me property value a me exkm mat I had market evidence to suppam mom. I have also cammenkd atom me effect of tlw adverse cardificns on tlva markehhil'dy of me subjea property. 9. I personally prepared ant cancluslons and opinions aboa me real esak tlwt were sa ant in me appraisal report. N I relied on sipndicanl prolnsslonal assistance iron arty individual a individuals in ma pedonnance of th appraisal a me preparetbn d tlae appraisal report, I have named such Nd'Mdual(s) ant dlscicsed me spxdk asks pedarmed by them M me reconcAiadon section of Ws appraisal report. I cnrdiy mat arty individual so named is quaAfkd to pedorm me tasks. I have not aumorized anyone to make a change to arty hem in the report; merdom, tl an unamimrited change Is made b me appraisal rood, I wNl take na respanslNlAy fa rt SUPERVISORY APPRAISER'S CERTIFICATION: H a supervisory appriser signed me appraisal report M a she cerDtlas and agrees mat I directly supervise th appraiser who papered me apDraisd repot, have reviewed the apgalsal repod, agree wdh me satemada and conclusions of me appmaer, agree to ha bouts by ma appraisers cedlfmatlons numbered 4 mrough 7 above, and am aNinp luq responslNlity fa me appaisal and me appraisal sport. ADDRESS OF PROPERTY APPRAISED: 1703 Brandt Ave. New Cumbedand. PA 77070 APPRAISER: SUPERVISORY APPRAISER (only If requlrad-: Signature: ~_._ ~ ~~ Signature: _ Name: Dennis L. Stover Nama: _ OaU Signed: July 2B. 2077 Date Slpned: _ Saa CeNficaDan #: RL 138908 Shia Cedmpadm #: or State Lcense #: a 3aa Lkmar. #: Soh: PA Sak: _ Expkatlan OaM a CertlBCagon a Lkensa' 08/30/2073 Expiretlon Dale of Certificafien a License; ^Did ^ Did NNlnspect Property Freddie Mac Form 439 6-93 Paga 2 0l 2 FanNe Mae tam 10046 &93 Form ACR -'WinTOTAL' appraisal software by a a mode, n:. -1-9g0.ALAMOf7E IMam Poe No 11-0726 R-21 Paae #78! Signature Compliance RIe No.11-0726 R-2 ~~nOx/ch m Tom Pane ~ProgeM Address 1703 Brandt Ave New Cumberland Ca0nN Cumberland Sgte PA Ii Code 17070 Ba[rower Tom Pane ELECTRONIC SIGNATURE COMPLIANCE W inlotal and Pro(ecl 2000 ara fully ASB (Appraisal Standards Board) comDlient in their security. The signatures on this report have not been altered in arty way and the digital signatures are fo be mnslderetl as original. Farm SUP- WmTOTAI• aDiaaisel software 6y a la made, inc. -1-800-AIAM1IODE IMamFl NO 11-0726 R-21P #191 Certificate Form MAP.PUT-'WinTOTAL' appraisal soilware 6y a la made, inc. -1-800-ALAhtODE IMdnrlla NO it-U/Lb M-GI YdeB VLUI Qualifications LendedClierA Tom Pane - PmpadpAdtlross 7703 BrarWt Ave ~cn4 New Cumberland County Cumberland State PA 2i Code 17070 ~Bauower Tom Pene Dearda L Stover, GRI, CSP PA Certified Residential Real Estate Appraiser Certification Number RL 138906 CLAUSER REAL ESTATE APPRAISALS, LLC PO Box 777 Camp HIU, PA 17001-0777 Phone (717)737-7300 Fax (717) 730-0922 E-mail address: datovermex(ajcomcast.ner www cla7rserauoraisals corn OU T IFI ATION T Harrisburg Area community College Associate in Business Administration Graduate Realtor Instinrte ORI Designation New Home Sales Professional Corase CSP Designation Jnstimte of Rae( Estate Studies USPAP-March 1998 USPAP- Jmuary 2002 Basics of Residential Valuation & Sales Comparison Appmacb-Ap[i12002 eesic Income Property VehurtionJanuery 2002 Advanced Income Property Vahurton-Jmuery 2002 Reaidentiat Construction-September 2002 National USPAP-September 2003 All courses to complete Pennsylvmia State Residential Certification- All continuing education co7nses to maintain current license Pennsylvania State Certified Residerrfial Real Estate Appraiser qRL 138906 Pemsytvenia Real Estate Salesperson- License #RS ]50605A National Association of Realtors® Pennsylvania Association of Realtor:® Greater Harrisburg Association of Reeltora® Fmm MAP.PLAT-'Wh170TA1' appraisal sohware by a la mode, sw~. -1-80o-AlAMODE IMain F le No i 1-0726 R-21 Paae #211 Qualifications LeMUICIkM Tom Pane PropeM Address 1703 BrarWt Ave CiN New CumberlarW County CumbedaM State PA Zi Code 17070 Borrower Tom Pane REAL ESTATE EXPERIENCE: 2003-Present PA State Certified Residential Real Estate Appraiser, George C. Clavaer Rest Hstate Appraisals 2004-Present Realtor, Union Realty, Inc., Middletown, PA 1997-2003 Aaaistant to the Appraiser, George C. Ctausar Reel Estate Appraisals 1991-2004 Realtot~, RE/MAX Realty Professiomis, Herrisbivg, PA 1986-1991 Reaitotdt, lLe Homea[ad Group Realtor, MiddletowNHarrisburg TYPPS OF APPRAISALS COMPLETED• RESIDENTIAL- Single Family Residences, Multi-family 1-4 units, and land Appraisal samples upon request. APPRAISALS HAVE BEEN COMPLETED FOR: Adams County Nedonel Bank Allied Home Morlpage CepllA Corp. Amedcholee Federal Credk Union Centrk Bank Commun8y FMet Fund Flrot Netkanel Bank Fkal Netlonel Bank of Marysville Fultga Benk Greyatone Benk Herbortown Mortgage Integrity Benk Jonestown Bank Legacy Bank M & T Benk Mellon Benk Members Fket Faders( Credit Unbn Mid Penn Benk Memlxro FkM Federal Credtt Unbn Metro Benk Negonal City Mortgage Natlaraal Penn Bank Northweal Sevln~ Bank Omega Benk Orratown Bank Pennaylvanle Slate Bank PNC Province ink Prudantlel Relacegon PSP Flnenclal Sovereign Benk Sla'ling Flnandal Corp. Wachovla Wells Fargo Form MAP.H.AT-'WInTOTAL' appraisal sMlwam 6y a la mode, inc. - I-B00-AIAMODE