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HomeMy WebLinkAbout10-01-121505611185 REV-1500 EX (02-11) (FI) PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes County Code Year File Number PO BOX 280801 INHERITANCE TAX RETURN 21 12 010 5 Harrisburg, PA 17128-0801 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 01142012 01142012 Decedent's Last Name Suffix Decedent's First Name M 1 HARDMAN SYLVIA W (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name M I Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE - - REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW ® 1. Original Return ^ 4 . Limited Estate ® 6. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received ^ 2. Supplemental Retum ^ 4a. Future Interest Compromise (date of death after 12-12-82) ^ 7. Decedent Maintained a Living Trust (Attach Copy of Trust.) ^ 10. Spousal Poverty Credit (Date of Death Between 12-31-91 and 1-1-95) ^ 3. Remainder Return (Date of Death Prior to 12-13-82) ^ 5. Federal Estate Tax Retum Required ~ 8. Total Number of Safe Deposit Boxes ^ 11. Election to Tax under Sec. 9113(A) (Attach Schedule O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number DAVID M• WATTS, JR•, ESQ• 717-237-~44 First Line of Address 100 PINE STREET Second Line of Address P•0• BOX 1166 City or Post Office HARRISBURG State ZIP Code PA 171081166 REGISTER OS USE t`r3~ ~ -, ~C~t'- ~ Q `r~ a -~ Correspondent's e-mail address: D W A T T S a~ M W N• C O M 1 .... ..a W cn .i~ :!j ~- C' T i z.; _ .--. ;=~ =-~; .. --r, rn' ~~ Under penalties of perjury, I declare that I have examined this return, inGuding accompanying schedules and statements, and, to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. 1109 RANA VILLA AVENUE CAMP HILL, PA 17011 51GNATURE OF PREPARER OTHER THAN REPRESENTATIVE DA E MCNEES WALLACE & NURICK LLC, BY: ~ ~~g117~ ADDRESS 100 PINE STREET, P•0• BOX 1166, HARRISBURG, PA 17108-1166 PLEASE USE ORIGINAL FORM ONLY Side 1 1505611185 OM46473.000 1505611185 J 1505611285 REV-1500 EX (FI) Decedent's Social Security Number decedent's Name: H A R D M A N S Y L V I A W RECAPITULATION 1. Real Estate (Schedule A) 1. 16 2 , 5 0 0.0 0 2. Stocks and Bonds (Schedule B) . 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) , 3. 4. Mortgages and Notes Receivable (Schedule D) 4 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E) 5, 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested g. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 8. Total Gross Assets (total Lines 1 through 7) 8 Side 2 9. Funeral Expenses and Administrative Costs (Schedule H). g, 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) 10 11. Total Deductbns (total Lines 9 and 10) , 11 12. Net Value of Es~ts (Line 8 minus Line 11) 12 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) , , 13. 14. Net Value SubJect to Tax (Line 12 minus Line 13) . 14 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 16. Amount of Line 14 xable at lineal ratex o 4~ . 493, 936.50 1(i. 17. Amount of Line 14 taxable at sibling rate X .12 0 • 0 0 17. 18. Amount of Line 14 taxable at collateral rate X .15 D • 0 D 18. 19. TAX DUE 19. 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 1505611285 1505611285 82,883.44 0.00 0.00 25,811.34 130.94 248,845.56 520,171.28 23,134.78 3,100.00 26,234.78 493,936.50 0.00 493,936.50 0•DO 22,227.14 0.00 0.00 22,227.14 a OM4648 3.000 REV-1500 EX (FI) Page 3 Decedent's Complete Address: File Number ~L 1~ n~,n DECEDENTS NAME A STREET ADDRESS CITY M U STATE ZIP Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments 19 , 4 0 8 •5 0 B. Discount 1, 0 21 - 4 7 3. Interest (1) 22,227.14 Total Credits (A + B) (2) 4. if Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. 20,429.97 (3> 0.00 (a) 0 • D 0 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) ], , 7 9 7 • ], 7 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred ^ 0 b. retain the right to designate who shall use the property transferred or its income ^ c. retain a reversionary interest . ^ d. receive the promise for life of either payments, benefits or care? ^ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . ^ 3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or her death? ® ^ 4. Did decedent own an individual retirement account, annuity, or other non-probate property, which contains a beneficiary designation? ® ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S. §9116 (a) (1.1) (ii)). The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent [72 P.S. §9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 P.S. §9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. OM4871 2.000 REV-1502 EX+ (01-10) Pennsylvania DEPARTirEM'OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF: FILE NUMBER: Sylvia W. Hardman 21 12 0105 All roal property owned solely or as a tenant In common must be reported at fair market value. Fair market value is defined as the price at which properly 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 that Is Jolntlyowned with right of survivorship must bs disclosed on Schedule F. 9W4695 2.000 If more space is needed, use additional sheets Of paper of the same size. REV-1503 EX + (8-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDE~IT DECEDENT SCHEDULE B STOCKS & BONDS Sylvia W. Hardman 21 12 0105 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1.2,119.246 Shares The Income Fund of America class A held at American Funds Account #62787600 35,751.68 2 1157 Shares Prudential Financial, Inc. & Co., Inc. Account number A09-0009075 3 12,423.964 Shares Nuveen Invt Tr V Pfd Secs Cla Mutual Fund (As Quoted By IP: NPSAX 4 170.849 Shares Putnam High Yield Tr Sh Ben Int A Mutual Fund (As Quoted By Nasdaq) CUSIP: 746782101 8,559.25 37,304.81 1,267.70 TOTAL (Also enter on line 2, Recapitulation) I $ 82 , 883 44 3W4696 1.000 (If more space is needed, insert additional sheets of the same size) REV-1508 EX+ (~~-t 0) Pennsylvania SCHEDULE E DEPART1uENTOF REVENUE CASH, BANK DEPOSITS, & MISC. TATAf ~T ~IMTURN PERSONAL PROPERTY ESTATE OF: FILE NUMBER: Sylvia W. Hardman 21 12 0105 Include the proceeds of litigation and the date the proceeds were received by the estate. All roe 'ointl owned with ri ht of survivorshi must be discbsed on Schedule F. ITEM VALUE AT DATE NUMBER ~CRip-~~ OF DEATH 1. Members 1st Federal Credit Union Savings Account #313436-00 1,767.42 Interest accrued to 1/14/2012 0.12 2 Members 1st Federal Credit Union Checking Account #313436-11 1,995.88 3 10,589.43 Par Members 1st Federal Credit Union Certificate of Deposit #313436-44 10,589.43 Interest accrued to 1/14/2012 1.70 4 refund of newspaper subscription 98,g7 5 Cash found in house 360.00 6 Erlich, refund 185.75 7 refund of car insurance 316.00 8 1994 Chevrolet Cavalier Convertible 1,200.00 9 Internal Revenue Service, personal income tax refund 702.00 10 Blue Cross, refund of premium 463.10 11 Commonwealth of Pennsylvania, personal income tax refund 250.00 12 Personal Property @ sale price 362.67 13 Personal Property @ appraised value 2,875.00 Oppenheimer ~ Co., Inc. Account number A09-0009075 14 Advantage Government Liq. Fund CUSIP: CASH 4,643.30 OW46AD 2.000 TOTAL (Also enter on line 5 Recap If more space is noeded, use additional sheets of paper of the same size. 25,811.34 REV-1509 EXt(01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULEF JOINTLY-OWNED PROPERTY ESTATE OF: FILE NUMBER: Sylvia W. Hardman 21 12 0105 H an asset became jokltly owned wkhkt one year of the decedent's date of death, K must be reported on Schedule G SURVNNG JON~liTByANT(S) PIAA~E(S) ADDRESS REiAT10NSFPTO DEC®B~fT A Weaver, Dream A 138 N. 33rd Street, Camp Hill, PA 17011 Granddaughter B Weaver, Paige M 138 N. 33rd Street, Camp Hill, PA 17011 Granddaughter JOINTLY OWNED PROPERTY: r1a~ IaauBER LETTER FDR JgNT TENANT DATE MODE JDiPR INCLUDE NAME aF FlNA~ LC~~TITJUTION ANDYCCOIXff NUABER pt SIMUR IDENfIFYINONUABERATTACHDEEDFrnJgNTLYHELDREALESTATE. ~~~~ATM VALUE OF ASSET % OF DECEDEtft~3 INTE176ST DATE OF DFATH VALUE OF DECEDENPSMH~EST 1 B 6/25/200 Members 1st Federal Credit Union Savings Account #360314-00 70.82 50.0000 35.41 Interest accrued to 1/14/2012 0.01 50.0000 0.01 2 A 11/19/20 9 Members 1st Federal Credit Union Savings Account #372205-00 191.04 50.0000 95.52 TOTAL (Also enter on Line 6, Recapitulation) S 130.94 9vw8AE 2.000 ff more space is needed, use additional sheets of paper of the same size. REV-1510 EX + (08-p9) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF _ FILE NUMBER Sylvia W. Hardman 21 12 0105 This schedule must Ue completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBE DESCR~TION OF PROPERTY ML^LIDETFEprV`EOFThETWN6F~,TFfJRRFlATIONSFIPTOOECEDENr/ND 7FELV~TEOF7W~9FHtATfPpiACOP1'OFTT£D®FORRE4LESTATE DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION IFAPPLJCABLE TAXABLE VALUE 1• Nationwide Best of America IV Variable Annuity contact #013030213 48,006.87 100.0000 0.00 48,006.87 Beneficaries: Raymond C. Hardman, Jr., Son Warren T. Hardman, Son Sylvia W. Hardman T/W f/b/o Lynne M. Weaver, daughter 2 ING Golden Select Premium Plus Annuity contract #c130005-ow 99,197.18 100.0000 0.00 99,197.18 Beneficaries: Raymond C. Hardman, Jr., Son Warren T. Hardman, Son Sylvia W. Hardman T/W f/b/o Lynne M. Weaver, daughter 3 Oppenheimer & Co., Inc. IRA Account No. A87-0904545 101,641.51 100.0000 0.00 101,641.51 Beneficaries: Raymond C. Hardman, Jr., Son Warren T. Hardman, Son Sylvia W. Hardman T/W f/b/o Lynne M. Weaver, daughter TOTAL (Also enter on line 7, Recapitulation) $ I 248 845 56 If more space is needed, use additional sheets of paper of the same size. 9W48AF 2.000 REV-1511 EX+(~p.pg) SCHEDULE H Pennsylvania DEPARTI~ENTOF REVENUE FUNERAL EXPENSES AND INFEPoTANCETAxRETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Sylvia W. Hardman 21 12 0105 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~. Flowers for the funeral service 243.83 Total from continuation schedules . 1,251.63 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: 2. Attorney Fees: 19 , 000.00 3. Family Exemption: (If decedent's address is not the same as daimant's, attach explanation.) Claimant Street Address 4. 5. 6. 7. 1 City State ZIP Relationship of Claimant to Decedent Probate Fees: Accountant Fees: Tax Return Preparer Fees: Members 1st Federal Credit Union Deluxe Check Charge Total from continuation schedules . 15.95 2,623.37 TOTAL (Also enter on Line 9 Recapitulation) ~ $ 23 ,134 78 9W46AG 2.000 If more space is needed, use additional sheets of paper of the same size. Estate of: Sylvia W. Hardman Schedule H Part 1 (Page 2) Item No. Description 2 David Payne singer for funeral service 3 David Glasgow Pianist for funeral service 4 bag piper for funeral service 5 vases for funeral flowers 6 Auer Cremation Services of Pennsylvania, Inc. E~neral expense 7 three twelve sound system for funeral service 21 12 0105 Amount 200.00 200.00 150.00 16.92 559.71 125.00 Total (Carry forward to main schedule) 1,251.63 Estate of: Sylvia W. Hardman 21 12 0105 Schedule H Part 7 (Page 2) 2 McNees Wallace & Nurick LLC Costs: Probate Fees $ 339.50 Legal Advertising 250.00 Postage Expense 15.35 Photocopy Expense 14.20 619.05 3 Water water service 85.68 4 PPL Electric electric service 627.85 5 cost to appraised personal property 100.00 6 County Real Estate Taxes 709.17 7 Sewer Utility expense 224.00 8 Lawn Care 79.92 9 Allied Waste Services trash removal 77.70 10 Cumberland County Register of Wills Additional probate fees 100.00 Total (Carry forward to main schedule) 2,623.37 REV-1512 EX t (12.08) Pennsylvania DEPAR'nuENrOF REVENUE INFEPoTANCE TAX RETURN RESIDENT DEC~DENr SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABILITIES 8 LIENS ESTATE OF FILE NUMBER Sylvia W. Hardman 21 12 0105 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH ~• Members 1st Federal Credit Union VISA Credit Card Account #4833660000026654 86.58 2 tax preparation fee for personal income tax returns 300.00 3 PinnacleHealth Medical services rendered 100.00 4 Paramedics Medical service rendered 1,147.10 5 Ambulance Medical Services Rendered 356.82 6 Vascular Associates Medical services rendered 5.00 7 Unitarian Universalists of the Cumberland Valley Balance of pledge 500.00 8 Holy Spirit Hospital Medical services rendered 467.50 9 Outstanding Checks: Check No. 690 $ 25.00 Check No. 689 112.00 137.00 TOTAL (Also enter on Line 10 Recapitulation) ~j 3 100 00 awasArl 2.000 If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (01-10) Pennsylvania DEPARf1~ENr OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF: FILE NUMBER: S lvia W . Hardman 21 1 2 0105 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEMNG PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).) 1. Warren T. Hardman 1109 Rana Villa Avenue Camp Hill, PA 17011 Nationwide Best of America IV Variable Annuity contact #013030213 Inventory Value: 16,002.27 ING Golden Select Premium Plus Annuity contract #c130005-ow Inventory Value: 33,065.69 Oppenheimer 6 Co., Inc. IRA Account No. A87-0904545 Inventory Value: 33,880.47 One Third of Residue: 81,653.33 Son 164,601.77 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. = 0.00 9W48AI 2.000 ~~ n~~~e space is neeaea, use aaamonai sneers oT paper o1 Tne same sae. Estate of: Sylvia W. Hardman Schedule J Part 1 (Page 2) Item No. Description 2 Raymond C. Hardman, Jr. 201 Westminister Avenue Hanover, PA 17331 Nationwide Best of America IV Variable Annuity contact #013030213 Inventory Value: 16,002.27 ING Golden Select Premium Plus Annuity contract #c130005-ow Inventory Value: 33,065.69 Oppenheimer & Co., Inc. IRA Account No. A87-0904545 Inventory Value: 33,880.47 One Third of Residue: 81,653.33 3 Sylvia W. Hardman Trust under Will f/b/o Lynne M. Weaver c/o Warren T. Hardman, Trustee 1109 Rana Villa Avenue Camp Hill, PA 17011 Nationwide Best of America IV Variable Annuity contact #013030213 Inventory Value: 16,002.32 ING Golden Select Premium Plus Annuity contract #c130005-ow Inventory Value: 33,065.79 Oppenheimer & Co., Inc. IRA Account No. A87-0904545 Inventory Value: 33,880.57 One Third of Residue: 81,653.33 4 Paige M. Weaver 138 N. 33rd Street Camp Hill, PA 17011 Members 1st Federal Credit Union Savings Account #360314-00 Inventory Value: 35.41 Accrued: 0.00 Son Trust Relation Granddaughter 21 12 0105 Amount 164,601.77 164,602.02 35.42 Estate of: Sylvia W. Hardman Schedule J Part 1 (Page 3) Item No. Description 5 Dream A. Weaver 138 N. 33rd Street Camp Hill, PA 17011 Members 1st Federal Credit Union Savings Account #372205-00 Inventory Value: 95.52 Relation Granddaughter 21 12 0105 Amount 95.52 LAST WILL AND TESTAMENT OF SYLVIA W. HARDMAN I, SYLVIA W. HARDMAN, now domiciled in Cumberland County, Pennsylvania, declare this to be my Last Will. I revoke all other Wills and. Codicils that I may have previously made. Article I My just debts and expenses of my last illness, funeral, and administration of my estate shall be paid by my Executor from the principal of my residuary estate as soon as practicable after my death. Article II All inheritance, estate, and succession taxes {including interest and penalties thereon, but not including any generation skipping tax) payable by reason of my death shall be paid out of and be charged generally against the principal of my residuary estate without reimbursement from any person. This provision is not a waiver of any right which my Executor has to claim reimbursement for any such taxes which become payable as the result of any property over which I have the power of appointment. ~, C p s ~ ;~ ~ x~ ,'~ ~; r,~ ~ U] ~ i ~ p ~ [~ c~,'+ ~ rr T~"~ ~ D ~ .~- :~ O N Article III I give, devise and bequeath my tangible personal property in accordance with any memorandum I have handwritten or signed, located with my will or with my valuable papers and found within 30 days of the probate of my will. Gifts may only be to persons who survive me or to organizations which exist at my death, and if there is a conflict, the memorandum having the latest date shall govern. To the extent no such memorandum is found, or all of my tangible personal property is not disposed of pursuant thereto, my tangible personal property shall be added to my residuary estate and pass under Article IV hereof. Article N All the rest, residue and remainder of my estate, of whatsoever nature and wheresoever situate, I give, devise and bequeath to be EQUALLY DNIDED and distributed to my step-son, son and daughter, WARREN T. HARDMAN of Cumberland County, Pennsylvania, RAYMOND C. HARDMAN, JR., of York County, Pennsylvania, and LYNNE M. WEAVER, of Cumberland County, Pennsylvania. The share of LYNNE M. WEAVER shall be held intrust and managed and administered according to Article V herein. If a beneficiary does not survive me by thirty (30} days, but leaves descendants who survive me by thirty (30) days, those descendants shall receive, Per Stirpes, the shaze the beneficiary would have received had he or she survived me by thirty (30) days. The shaze of any deceased child who does not have living issue shall be divided and distributed to my surviving beneficiaries, Per Stirpes. _2_ Article V The share of my daughter, LYNNE M. WEAVER, shall be held intrust for her benefit. The terms and conditions of the Trust for the benefit of LYNNE M. WEAVER shall be as follows: A. To expend and apply so much of the net income and so much of the principal of the Trust as the Trustee shall consider advisable for the support, health, and care of LYNNE M. WEAVER for the remainder of her lifetime. It is my desire that my daughter maintain a comfortable lifestyle. In making distributions, my Trustee shall consider other resources and sources of income available to LYNNE M. WEAVER. Distributions from principal for the education, health or welfare of the children of LYNNE M. WEAVER may be made if both LYNNE M. WEAVER and the Trustee agree that such distribution should be made. The amount of such distributions should be in the discretion of the Trustee with the approval of LYNNE M. WEAVER B. In the event of LYNNE M. WEAVER'S death, the trust shall terminate, and the remaining principal and accumulated income of the trust shall be distributed in equal shares to her issue, Per Stirpes, and held in trust according to the terms of Article VI and VII hereof. C. No beneficiary or remainderman of this Trust shall have any right to alienate, encumber, or hypothecate his interest in the principal or income of the Trust in any manner, nor shall any interest be subject to claims of his creditors or liable to attachment, execution, or other processes of law. _3_ Article VI If a beneficiary under this Will has not attained the age of thirty (30) years, the share of the beneficiary shall be placed in a separate trust, for the benefit of that beneficiary according to the terms in Article VII. Article VII In the event that a Trust is created by or as a result of any part of this Will, the terms and conditions of the Trust shall be as follows: A. To expend and apply so much of the net income and so much of the principal of the Trust as the Trustee shall consider advisable for the support, health, care and education of the child until the child attains the age of thirty (30} years. B. Upon attaining the age of thirty (30), the remaining principal and accumulated income of the child's share shall be distributed outright to the child. C. No beneficiary or remainderman of this Trust shall have any right to alienate, encumber, or hypothecate his or her interest in the principal or income of the Trust in any manner, nor shall any interest be subject to claims of his or her creditors or liable to attachment, execution, or other processes of law. Article VIII In order to carry out the purposes of any Trusts established by this Will, the Trustee, in __ ___ ___ addition to all other powers granted by this Will or by law, shall have the following powers over the Trust estate, subject to any limitations specified elsewhere in this Will: _9_ (a) to retain in the form received and/or to sell either at public or private sale, any real estate or personal property except that which I specifically bequeath herein, (b) to manage real estate, (c) to invest and reinvest in all forms of property without being coned to legal investments, and without regard to the principal of diversification, (d} to exercise any option or right arising from the ownership of investments, (e) to compromise claims without court approval and without consent of any beneficiary, (f) to file fiduciary/income tax returns and pay the tax due for any year for which such a return is required, (g) to make distributions in cash or in kind, or in both, and to determine the value of any such property, (h} to receive required minimum distributions from any individual retirement account of which the trust is the beneficiary; to make elections with regard to individual retirement accounts; and to distribute the required minimum distributions to the trust beneficiary(ies) in my trustee's discretion. The. trustee(s) hereunder shall not use the proceeds of any individual retirement account(s) for the payment of estate expenses or debts, (i) to employ any attorney, investment advisor, or other agent deemed necessary by my Executor; to pay from my estate reasonable compensation for all their services, (j) -- or~i~Sran-y~LlSiAess in which T am ~gagPrl in nr hav an interest in at the time of my death, and (k) to receive reasonable compensation in accordance with their standard schedule of fees in effect while their services are performed. Article IX I hereby appoint.my son, WARREN T. HARDM.~N, as Trustee of any Trust(s) created in this Will. In the event of the renunciation, death, or inability to act, for any reason whatsoever of WARREN T. HARDMAN, I nominate, constitute and appoint my granddaughter, SHANA LONGENECKER, successor Trustee of any Trust(s) created in this Will. Article X I nominate, constitute, and appoint my son, WARREN T. HARDMAN, Executor of my Last Will and Testament. In the event of the renunciation, death, or inability to act, for any reason whatsoever of my Executor, I nominate, constitute and appoint my granddaughter, SHANA LONGENECKER, successor Executrix of my Last Will and Testament. I direct that my Executor or successor Executrix be permitted to serve without bond. In addition to those powers granted by law, I grant them power to distribute in cash or in kind, in like or in unlike shazes, and to file any qualified disclaimer I could have filed if living. My Executor or successor Executrix shall receive reasonable compensation for services rendered to my estate. Article XI In addition to the powers conferred by law, I authorize my Executor or successor Executrix in his/her absolute discretion: (a) to retain in the form received and to sell either at public or private sale, any real estate ttieh~-specific-ally-bequeatlrhareir~, ---.-_--- (b) to manage real estate, (c) to invest and reinvest in all forms of property without being confined to legal investments, and without regazd to the principal of diversification, _ 6_ (d) to exercise any option or right arising from the ownership of investments, (e) to compromise claims without court approval and without consent of any beneficiary, (f) to file any federal income tax return for any year for which I have not filed such return prior to my death, (g) to make distributions in cash or in kind, or in both, and to determine the value of any such property, (h) to employ any attorney, investment advisor, or other agent deemed necessary by my Executor or successor Executrix; and to pay from my estate reasonable compensation for all their services, (i) to conduct alone or with others, any business in which I am engaged, or have an interest in at time of my death, and (j) to receive reasonable compensation in accordance with the standard schedule of fees in effect while their services are performed. 1N WITNESS WHEREOF, I, SYLVIA W. HARDMAN, hereby set my hand to this my Last Will and Testament, on ~ -~ ~-' , 2006, at Harrisburg, Pennsylvania r' sYivlA w. HARDMAN'' In our presence, the above-named SYLVIA W, HARDMAN signed this and declared this to be her Last Will and now at her request, in her presence, and in the presence of each other, we sign Name ~ L .` . i Address 2000 Lin~lestown Rd., Suite 202, Harrisbure PA 17110 2000 Lin~lestown Rd., Suite 202, Harrisburg rA 17110 -~- I, SYLVIA W. HARDIVIAN, Testatrix, who signed the foregoing instrument, having been duly qualified according to law, acknowledge that I signed and executed this instrument as my Will, and that I signed it willingly as my free and voluntary act for the purposes therein expressed. Sworn to or affirmed and acknowledged before me by SYLVIA W. HARDMAN, the Testatrix, on _~a~ ~,z.~ G, , 2006. Not Public SYLVIA W. HARDMAN NWEA TH .NNSY V Notarial Sal Marielk F. Hazen, Notarx Public My QOnrnisaioa~ExpraD~l. v cw° We, the undersigned witnesses who signed the foregoing instrument, being duly qualified according to law, depose and say that we were present and saw the Testatrix sign and execute this instrument as her Will; that she signed and executed it willingly as her free and voluntary act for the purposes therein expressed; that each of us in her sight and heazing signed the Will as witnesses, and that to the best of our knowledge, that she was at that time. eighteen (18) years or more of age, of sound mind, and under no constraint or undue influence. Sworn to or affirmed and subscribed to before me and~~yl~l'«o ~ri_ Ili ~. Notary Publ iNWE H OF PENNSY V Notarisl Sal Marielle F. Hagen. Nolatr Public susq.e6ana 'I1~.. n.~h~a county MY Connniuion pint Sept. 23, 2006 -8- Witne Witness ESTATE OF SYLVIA W. HARDMAN FAMILY SETTLEMENT AGREEMENT This FAMILY SETTLEMENT AGREEMENT (the "Agreement") is made and entered into as of the 6th day of July, 2012 (the "Effective Date"), by and among WARREN T. HARDMAN, EXECUTOR OF THE ESTATE OF SYLVIA W. HARDMAN (the "Estate"), WARREN T. HARDMAN, individually, and the beneficiaries of the Estate (collectively, the "Parties"), who are WARREN T. HARDMAN, RAYMOND C. HARDMAN, the SYLVIA W. HARDMAN TRUST UNDER WILL F/B/O LYNNE M. WEAVER (the 'Trust"), and LYNNE M. WEAVER, as beneficiary of said Trust. Backs~round WHEREAS, Sylvia W. Hardman died testate on January 14, 2012 leaving a Last Will and Testament dated September 6, 2006 (the "Will"); WHEREAS, Article IV of the Will provides, in part, for the residue of the Estate to be divided equally among the decedent's children. The share passing to Lynne M. Weaver is to be held in trust; WHEREAS, all of the decedent's children, the undersigned beneficiaries hereto, survived the decedent and were over the age of twenty-one on January 14, 2012; and WHEREAS, Warren T. Hardman, the Executor, and the undersigned beneficiaries agree that the real estate located at 303 Hemlock Road, Upper Allen Township, Mechanicsburg, Cumberland County, PA {the "Real Estate") has a value of One Hundred Sixty Two Thousand Five Hundred Dollars 00/100 ($162,500.00); and WHEREAS, Warren T. Hardman desires to purchase the interests in the Real Estate to be distributed to Lynne M. Weaver, Raymond C. Hardman and the Sylvia W. Hardman Trust Under Will f/b/o Lynne M. Weaver; NOW, THEREFORE, in consideration of the foregoing background, and for other consideration the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 1. The Parties have inspected the Real Estate and agree that the Fair Market Value of the Real Estate is One Hundred Sixty Two Thousand Five Hundred Dollars ($162,500.00). 2. The Real Estate shall be distributed to the beneficiaries of the Estate in equal shares. 3. The Parties agree that Warren T. Hardman shall purchase the interest of Raymond C. Hardman in the Real Estate for Fifty-Four Thousand One Hundred Sixty-Six Dollars and Sixty-Seven Cents ($54,166.67) and the interest of the Sylvia W. Hardman Trust in the Real Estate for Fifty-Four Thousand One Hundred Sixty-Six Dollars and Sixty-Seven Cents ($54,166.67), at a time to be determined by the Parties. 4. Real estate taxes, water, sewer and other current lienable charges, if any, shall be apportioned pro rata as of the date of the transfer of the Real Estate on the basis of the fiscal taxing periods of the taxing or assessing authorities. The Estate and Warren T. Hardman shall divide equally the payment of any real estate transfer taxes required to be paid as a result of this transaction. Raymond C. Hardman and the Sylvia W. Hardman Trust Under Will f/b/o Lynne E. Weaver shall not be liable for any charges hereunder. 5. The transfer of the Real Estate shall be accomplished by an Estate deed transferring its interest in the Real Estate in equal one-third (1/3) shares to Warren T. Hardman, Raymond C. Hardman and the Sylvia W. Hardman Trust Under Will f/b/o Lynne M. Weaver, followed by deeds transferring the interests of Raymond C. Hardman and the Sylvia W. Hardman Trust Under Will f/b/o Lynne M. Weaver to Warren T. Hardman. 6. EACH OF THE BENEFICIARIES HEREBY RELEASES AND FOREVER DISCHARGES THE EXECUTOR, IN HIS FIDUCIARY CAPACITY AND INDIVIDUALLY, OF AND FROM ANY AND ALL ACTIONS, SUITS, PAYMENTS, ACCOUNTS, RECKONINGS, CLAIMS AND DEMANDS WHATSOEVER ARISING OUT OF OR RELATING TO THE PURCHASE OF REAL ESTATE BY WARREN T. HARDMAN. 7. Each beneficiary understands that this Agreement affects the beneficiary's legal rights a+rith respect to the Estate and each beneficiary acknowledges and agrees that the terms and conditions of this Agreement are true and correct in all material respects. 8. All the terms and provisions of this Agreement shall be legally binding upon and inure to the benefit of and be enforceable by the parties and their respective heirs and permitted assigns. 9. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. 10. This Agreement may be executed in multiple counterparts, each of which may contain the signature of one or more of the parties, all of which, taken together, shall constitute on and the same instrument. 11. This is the entire Agreement between the parties hereto encompassing all matters agreed upon or understood in this transaction. Other than as herein expressly set forth, there are no other terms, conditions, understandings, obligations, covenants, representations or statements, oral or written, of any kind whatsoever. This Agreement shall not be altered, amended or changed except by written agreement signed by all of the parties. [Signatures Appear on Next Page.] 2 IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties have entered into this Family Settlement Agreement as of the Effective Date. Executor: ESTATE OF SYLVIA W. HARDMAN Warren T. Hardman, Executor Beneficiary: Warren T. Hardman, Individually Beneficiary: C Ra and C. Hardman Beneficiary: Sylvia W. Hardman Trust Under Will f/b/o Lynne M. Weaver Warren T. Hardman, Trustee Beneficiary of Sylvia W. Hardman Trust Under Will f/b/o Lynn I~A. Weaver: eaver 3 Borrower/Ckerd Warren Hardman File No. 12072302 Pro Address 303 Hemk>ck Rd C' fviechanicsbu Cou Cumberland State PA D Code 17055 Lender AmeriChoice Federal Credit Union TABLE OF CONTENTS Cover Page ............................................................... Lefler od Transmitlal .................................................. l1RAR ........................................................................ Additlonal Corrrparables 4.5 ....................................... UAD Ddinidons Addendum ....................................... Supplemental Addendum w/sig dock ........................ Market Conditions Addendum to the Appraisal Report USPAP Mentificatlon .................................................. Subject Plwtos ........................................................... Subject Photos ........................................................... Photograph Addendum ............................................... Photograph Addendum ............................................... Photograph Addendum ............................................... Comparable Photos 1.3 .............................................. Comparable Pfxttos 4-8 .............................................. Building Sketch (Page • 1) .......................................... Locatlon Map .............................................................. Rood Map ................................................................... Legal Descriptlon ........................................................ Legal Descriptoin ........................................................ Legal Descriptlon ........................................................ Plat Map ...................................................................... Tax Assessment Document ......................................... Appraiser CeNfication ................................................ 1 2 3 9 10 13 15 i6 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Form TOCNP -'WinTOTAL• appraisal software by a b made, Inc. -1-800-ALAMODE -. ~ _ . L /~ /,/' I .. APPRAISAL OF REAL PROPERTY LOCATED AT: 303 Hembck Rd Record Book 0022M /Page 00570 Mechanicsburg, PA 17055 FOR: AmeriChoice Federal Credit Union 2175 Bumble Bee Holknv Road Mechancsburg, PA 17055 AS OF: 0 7/2 612 0 1 2 BY: Vicki L Wickwire,PA Certified,Residential R/E Appraiser ~' '~ ; Form GAS -'1MnTOTAI' appraisal software by a b mode, Inc. -1-814ALAMODE W bkwire Appraisals, InC. P. O. Box 21 Lewisberty, PA 17339 717-938-5819 AmeriChoice Federal Credit Unbn 2175 Bumble Bee Hollow Road Nlecharwcsburg, PA 17055 Re: Property: 303 Hemlock Rd Mechanicsburg, PA 17055 Bortower: Warren Hardman File No.: 12072302 In accordance with your request, I have appraised the above referenced property. The report of that appraisal is attached. The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership. This report is based on a physical analysis of the site and improvements, a bcatbnal anaysis of the neighborhood and city, and an economb analysis of the market for properties such as the subject. The appre~al was devebped arxt the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The value conclusbns reported are as of the effective date stated in the body of the report and contingent upon the certification and limiting cond'dbn5 attached. It has been a pleasure to assist you. Please do not hesitate to contact me if I can be of additbnal service to you .S.i~nc~ere~ly, p ~ ~~ Vicki L Wickvdre,PA Certified,Residential R/E Appraiser PA State Certified Real Estate Appraiser RL 003279 L Wickwire Appraisals Inc Uniform Residential Anoraisal Reoort ~,a;;n;;MOO1326 Tfye se of this summa a sal rt is to ovide tlye lender/dlent with an accurate, and a ua su rBed, inbn of the market vabe of gie su ' Pro Address 303 Hembck Rd Ci Mechanicsbu State PA ~ Cade 17055 Borowa Warren Hardman Owner of Public Record Estate of S W Hardman Cou Cumbertand L I Descrt tlon Record Book 0022M / Pa a 00570 ASSessor's Parcel # 42-31-2151-081 Tax Year 2012 R.E. Taxes S 3444 hborhoad Name U r Allen Townshi Ma Reference ADC529951/3228/1<5 Census Tract 0118.05 and Owner Tenant Vacant S bl Assessmerds S 0 PUD HOA S 0 r month ' Pro fti s iced file SI k Leasefyold Otlrer describe Ass T Purchase Transactlon Refinance Transaction Otlyer describe Lenda/Ctlent Am riChoice Federal CredR Unbn Address 2175 Bumble Bee Hollow Road Mechanicsbu PA 17055 b the sub' t Conant offered fa sale a has tl been offered fa sale b the 1weNe montl>s or to tre ettecgve date of tNs a rsisal? Yes No R data sources used ottert rice s and dates . DOM 0•The sub act ro i Conan offered rivatel for sale b the estate. No informatlon concemi listi 'ce der on market etc. has been made available to the a raiser I ®did ^ did not anayze the contract fa sale to dye subject purchase transacibn. Expldn the resutls of the anaysis of the cordract fa sale a why de anatysLs was not rfomyed. Arms le to sale• 3 es of the sales reement were reviewed.The sales reemeM did not s ec of flnanci . No rsonal ro was noted to be inGuded in the sale. Contract Prtce S 162 500 Date of Contract 07/06/2012 Is the sdbr the ewner of lc raced? Yes No Data Sources Tax Records Is there arty ffnancid assistance (loan drarges, sale concessions, gHt a downpayment assistance, dc.) to be paid by any party on trdair of the borowa? ^ Yes ®No tl Yes, ro tfye total dollar amount and describe the Items to be id. 0'• 1Vok: Rrra and tfN raydal cam of Uye boyhood are not a bat faeMye. Orx•{!t!i! OnrUdt Land the % Locatbn lhban Sutwrban Rural Ro Yakles Yrcreasf Stable DecliN PRICE AGE Ore-Unit 80 % Built-U Over 75% 25-75% lJnda 25% DemanNS Shorts b Balance Over Su Z 000 2-4 UNt % Growth Ra d Stable Skrw Marketl Time Under 3 mths 3-6 mms Ova 6 mths 145 Low 20 Multl-Farm % fybalwod Boyxdarbs Bounded on the north b the Penns nia Turn ike on the south b the 200 HI h 75 Comrryacial 10 % Cumberland/York Co Lines on the east b York Road on the west b Route 15. 165 Pred. 45 Olha 10 % tlbOrhood Descri Bon The sub'ect b located in U r Allen Towrrshl Cumberland Count PA.The sub'ect ne' hbortrood is com rised of si le farm detached homes of various s sin rimari the medium rice ra e. All ublb amenities are within a short commuti distance from the sub'ect. Market Caditlons Mckxlin su fa the above conclusions General market conditions at the tlme of this re rt are considered aver a for this Ome of err. There are various s of conventional and vemment ban rams avatlable. Dimensiays Please See Attached Le al Descri lion Mee 19 166 sf She Recta ular View MRes•Res iflc Zori Classl0catfonR-2 Zod Descd ibn Medium Dens Residential Zori C once L I L al Nancodorrnf Grandfathered Use No Zod d describe Is ttye hest and best use of sub' 1 as I roved or as osed ns ands tliradars fhe resent use? Yes No tl No describe IMlaka PubOc Other deaerbe Puhtlc lTMerfdeacdbe) (Mf-W lm rovemeMe-1 Publk PrNate Electric Water Street As halt Gas None Sarihd Sewer None F'EMA S iat Fbod Hazard Area Yes Ne FEMA food Zone X FEMA M # 42041C0286E FEMA Ma Date 03/16/2009 Are trye utltltles and off-sih I emends cal fa the market area? Yes No tl No, describe Are there a adverse stle conditlons a external factors easements, alcroachrryenls, environmental caydidons, IarM uses, etc. ? Yes No tl Yes, describe Units tNle One with Access Untt Concrete Slab Crawl S ce ~` Foundatbn Watls Concrete/Ave a Fbors WdC tCer/Avers # of Stories 1 T Det Att. S-Dethnd Unit fvl Basemem Partial Basemerd Basarxarl Mea 1 592 .tt. Exterbr Wals Brick AlumlAve a Rooi Surface Shi les/Avere a Walls DWBPaneVAvere e TrirtyRrYsh RanchlAvere e Exists Pro sad Under Coast Desl n S le Ranch Basarxayt RNsh 25 % Outside E /Exit Su Po Guders & Downs outs Aluminum/Averse Window T Double H A Batrl Fkxx CeremiGAvere Bath Wainscot Ceremb/Avere Year Bunk 1 7 Evidence of Irdestatlon Storm SasfVinsubted Storm UnRs/AVe a Effective rs 20 Da s Settlernad Screens Yes/Avere Attic None Heatr FWA HWBB Radio Ayrrenitles Woodstave s # 0 Dro Stair Stairs Otlya Pod Electric fl bce s # 0 fence Cf>ainLink Fba Scuttle Coati Cadral Air Condttbrd PadalDeck Patio Perch None Rdshed Heated kdMdual Otfxr Pod I round Otlra None arrces Refri a Ra en Dishwasher Dis osal Microwave Washer r Otlya describe Car Stan None Drivewa # of Cars 1 Drivewa Surface As hah Gara # of Cars 1 Ca # of Cars 0 Att. Det. Buttl-In Rnished area above de cordairs: 7 Roans 3 Bedrooms 2.0 Baths 1 592 S uare Feet of Gross Livl Area Abo~ Grade • Additlond feaWres s eGal ettiGert itayu etc.. Hardwood }hors Celli fans rear do i round I chain link fence in rear rd.Rec Room in • basement minimal finished wRh d file Celli Haled walls Ca ell Describe the conditlon of tlye hrcbdin needed r ins deterioration raava0ons remodel dc.. C4•No u ales in the ria 15 areThere was no functbnal obsolescence noted duri the ins action. The roof is in avers a condrtbn and shows no s' ns of leaks in the Interior. The scat deterioretbn h bat of the effective a of the sub ed. See su lemental addendum concerns evidence of water in basement. Are there a skal deflcierycies or adverse condidons that affect dye NvaW soundness, or simctaal Int of the ? Yes No tl Yes, describe Does trte enera conform to the boyhood functional utl s k condttbn use, constroctlon etc. ? Yes No tl No, describe rreaale Mac Fonn 70 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Farn 1004 March 2005 Fonn 1004UAD -'WinTOiAL• appraisal software by a b mode, inc. -1-1100-ALAMODE Uniform Residential Aooraisal Report ~~ ;YO;E'MOO1326 There are 5 co table r carent offered fa sale in the sub' nd hbodl ood I In ce from S 145 000 to S 180 000 There are 10 co table sales in tlx; sub' rlei hborfrood wiVan the st twelve rtara hs I in sale ce tram S 145 00 0 to S 180 000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 303 Hemlock Rd Mechardcsbur PA 17055 126 Holly Dr Mechenicsbur PA 17055 1000 Sheffreld Ave Mecharucsbur PA 17055 111 Stover Rd Mecharric:sbur PA 17055 Proud 10 SUb CI 1.7B miles NE 0.58 miles NW 0.15 miles NW Sale Price S i 62500 S 174 900 S 175 000 E 152 000 Sale PrkelCiess Uv. Area S 102.07 s .il. S 107.17 .tt. S 116.05 .tt. 5 132.87 S .fL Data Spaces MLS #10219747•DOM 69 MLS #10217159•DOM 12 MLS #10214950•DOM 55 Yertlkatlan Sources Tax Record Tax Record Tax Record VALUE ADJUSTMENTS DESCRIPTgrr DESCRIPTION + • S Ad' slmerV DESCRIPTION + - E Ad'usimerd DESCRIPTION + - S Ad' stntent Sales a Rnandrp Concessions AnnLth F •5000 -5 000 ArmLth V •0 ArmLth Conv0 Date of SalrJTime s07112•Unk s03/12~Unk s12/11 •Unk Locatbn N•Res•Res N`Res•Res N•Res•Res N•Res•Res LeaselakUFee Si k Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site 19 166 sf 11 761 sf 0 19 166 sf 11 761 sf 0 View N•Res•Res N•Res•Res N•Res•Re N•Res•Res Deli b Ranch Ranch Ranch Rarxh Ouatl of Canstroctlon Q4 Q4 Q4 4 Actual A e 45 43 0 39 0 50 0 Cortlltlon C4 C3 -5 000 C3 -5 000 C3 -5 000 Above Grde Tetal Bdrms. Beals Trial Bd•ms. Batlis Total Bums. Baths Total Bdrms. Batlis Room Coura 7 3 2.0 7 3 1.1 +1 000 6 3 2.0 0 6 3 1.1 +1 000 Gross Livl Area 1 592 .tt. 1 632 s .tt. 0 1 508 s .tt. 0 1 144 .tt. +6 700 Basement 8 Rrashed Roads Bebw Grade 1592sf398sfin 1 rrObrO.ObaOo 1632sf402sfin 1 rrObrl.Oba10 0 -2 000 1508sf336sfin 1 rrObrO.ObaOo 0 1144sfOsiwu 0 +1 000 Funcibn~ Utll' Ave a Averse Aver a A r e Heatl o EledRadMone EBBD/None 0 EBBD/Central -3 000 EBBD/Central -3 000 ,' Ever Effk;ient tlems Storm Units Thermo apes -2 000 Therm apes -2 000 Thermo apes -2 000 tiara Ca 1 Car Attached 1 Car Attached 2 Car Irate rat -2 000 2 Car Attached -2 000 • PorcfVPatlaJDeck Patio Deck 0 Deck 0 Patio • R e None Fire lace -1 000 None Fire lace -1 000 Pool I round Pool None +2 000 None +2 000 None +2 000 • List 10 Sale Price Ratlo Not licabk+ Not livable Not livable Not livable • Net Ad' stmellt oral + - S -12000 + - S -10 000 + - S -z 300 Adjusted Sale Price of C shies • I did did not research ale sale a iransier hi Net Adj. 6.9 % Gross Ad'. 10.3 % S 162 900 sto of the su and c bl Net Adj. 5.7 % Gross Ad . 8.0 % e sales. V not, ex lain S 165 000 Net Adj. 1.5 % Gross Ad'. 15.6 % S 149 700 M research did did not reveal or sales or transfers of the sub act ro fa the arse ears riot to ale effective date of VYs a sisal. Data Spaces Tax Record /Area MLS Records research did did rat reveal br sales or transfers of the co de sales for Vie ear to the date of sale of the c reble sale;. Data Solaces Tax Record /Area MLS Records R rt Vie resWls Of the research and an sls of Vie a sob or transta histo of the su ' ant c able sales additional da sales on 3 . ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3 Date of Prig SalelTrarufer Price of Prbr SaleJfrerlsfer Data Spaces Tax Record Tax Record /MLS Record Tax Record /MLS Record Tax Record /MLS Record Effectlve Date of Data Sources 07/23/2012 07/27!2012 07/27/2012 07/27/2012 Arg sis of da sale a transfer Mst of ale sub' and co table sales A minimal of a 36 month sale or transfer histo of the sub'ect ro e and a 12 month sale and transfer histo of the cum arable sales was researched and re rted. An sale that has been riot to those ammeters and considered relevant has been re rted as well on the su IemeMal addendum. Summa of Sales Com risen A roach See attached addenda. Indicated Value b Sales C 'sera ach S 163 000 IndkxtM Value b .Sala Cum roach S 163 000 Cast eh (M Bevel ) i Income roach Ile - S The Sales Com rison roach to Value eneral indicates the best value for the sub'ect ro .The Cost roach to Value and the Income roach were considered but are not a ro date for this a sisal. THs appraisal is made ®'as is', ^ subject to conpletlan per pons and spedflcetlons on the basis of a hypollieVcal condfaon Vlat Vie Improvements have been completed, ^ subject to the fotlOwinp repairs a atleratlons an the basis of a hypoVtedcel conditlon Vrat the repairs a atlaaaons have been competed, or ^ subject to Vie foWwi r aired leis based on Vie e>araordira ass on that Vie coMitlon or deficient does tat Wre atlerstlon or re air. No re its r aired. This a sisal is not valid without all of the attached addenda. Bored on a complete visual in on of Vie interbr and exterior srea of the subject property, degned scope o} work, statement of aswmptlons and IirNting eondVions, and appniara , my lour) opinbn of the mtrkd value, a defined, of the l~al properly that Is the subject o1 this roport b S 163000 aof 07/26/2012 which Is the date of In ion and the effecdve date of thb al. r-resale Mac Fonn 70 March 2005 UAD Version 9/2011 Page 2 of 6 Fannie Mae Fonn 1004 March 2005 Form 1004UAD -'WinTOTAL' appraisal software by a e mode, inc. -1-8(10-AlAMO~ Uniform Residential Appraisal Report Fws 1207231326 The a raiser is not a home or environmental ins r. The a raiser rovides an o inion of value. The a sisal does not uerentee that the r is free of defects w environmental roblems. The a raiser rforms an ins ectan of visible and accessible area o .Mold ma be resell in areas the a raiser cannot see. A rofessional home ins Ion or environmental Ins n is recommended. The a raiser is not ualified to determine the cause of an mokl the of mold or whether the mold m' M ose an risk to the or Its Inhabitants. Additional ins bn b a ualified rofessbnal is recommerWed. The intended user of this a sisal is the LenderlClient. The interxied use is to evaluate the ro that is the sub ect of this a sisal for a mort a e finance transaction sub'ed to the state Sco a of Work u se of the a sisal re rte re uiremeMS of this a sisal re ort form and Definition of Market Value. No additional interxied users are identified b the a aiser. Professional standards wires me to maintain a ve strict confidence. B the client wdl rookie written author¢ation I will consult wtth others on the re rt for a redetermined consultation fee to be aid at the time of consultation. ' Neither all nor a rt of the contents of this re rt shall be conve d to an rson or eMi other than the a raiser's or firm's client thro h advertise solicitation materials ublic relatans news sales or other media without the written nsent and a roost of the authors rticula as to valuatbn contusions the iden of the a raiser or firm with which the a raiser is connected. tt this re ort is laced In the hands of a ne but the client Gient shall make such a aware of all the assum tans emitl condhiwu and additional la ua of the ass nment. CQSI' TO YALUE not fri Provide uate information fortare lentler/cgen[ to ate the blow cost ures and calcuBtbns. Su Tor the o neon Of site value summa of c ble land sales or other nleVtods for esUnraV site value Due to the limited data on land sales in the sub'ect munici li the land value is derived frwn the most recent tax assessment records. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE ...................................................................... =S 53 900 . Source of cost data N / A DWELLWG S .Ft S ............. =E Dua rdtl from cost service N / A EBectlve date of cost data N !A S .FL S ............. =S - CortVrterds on Cost ch oss liv area cakda0ons iatlon dc. .. =E See attached buildl sk tch with dimensbns and sub'ect drawl .The Gera Ca rt S .Ft. S =E e of a structure creates deficiencies in the value established with the Told Estlmate of Cast-New =a ............. Cost roach to Value. This nerel leads to the inaccure of the Less sical Functional bdemal Cost roach to Value and leads the Gient to im ro r conclusions. For reClatbn =$ this reason altho h considered the Cost roach to Value is fated Cost of I vemarts .................................................... _$ ins ro riate for use in this a sisal re rt. •AS-is' Value of Stte I ovements .................................................... =S Estimated Remy Ecorrorric Life (HUD and VA o ) 40 Years INDICAIEDVALUE BY COSTAPPgOACH ............................................. x: INGpYE 'C4~i-lU E ~ Esdmated Maricet Rent S X Gross Renl Mufti Tier = S Indicated VaMre o Income ch Sunrre of Income ch rncMtdin su h fw market rent and GRM N / A PROJ~T TIONI~i (tt ) Is Ute de rNuader in control of the Horrreowrrers' Associalbn OA ? Yes No Urrt s Detached Attached Provide the follows krfonrration fw Pl1Ds ONLY Vthe dev /builder is in rxvrtrol G the HOA and the sub' t o is an attached dwdNn uNt. L I Name of Pro' Total comber of ses Total number of uNts Total nlar~er of units sold Total number of untts rented Total member of urrtts for sale Data source s - Was Ure ro ect created b Ure conversion of e>asV buikli s Into a PUD? Yes No If Yes, date of canversion. Does Ure o' t contdn a mulV•dwali units? Yes No Data Source Are Ure uMis, common ekrrrerds, and recreation facilVies ? Yes No tt No, describe the status of co on. Are Vie common demems leased to w b the Homeowners' Assaciatlon? Yes No tt Yes describe the rental terms and o brrs. Describe camnron demerrLs and reaeadonal facilitles. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 3 of 6 Fannie Mae Fonn 1004 March 2005 Form 1004UAD -'WInTOTAL' appraisal software by a h mode, Inc. -1.80(1-ALAMODE un~torm Residential Appraisal Report Fa.r ~~m~am '"`" This report form is designed to report an appraisal of a one-unlt property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certdications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, addtional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certfications. The appraiser must, at a minimum: (1) pertorm a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under alt conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Impliclt in this defintion is the consummation of a sale as of a spec'rfied date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. ddlars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special ar creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily ideMrfiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to lt, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the tale. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an ident'rfied Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specdic arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental condltions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes na guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditons exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be pertormed in a professional manner. ""~~ ,.,ate ~~~ ~ ~ ~ ~ ~ maim cwa unu version a/zoi 1 Page 4 of 6 Fannie Mae Forth 1004 March 2005 form 1004UAD -'WInTOTAL' appraisal software by a la made, Inc. -1-800-ALAMODE Uniform Residential Appraisal Report Faex;2oissoz APPRAISER'S CERTIFICATION: The Appraiser cert'rfies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I pertormed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specfic terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I pertormed this appraisal in accordance with the requirements of the Un'rforrn Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and Income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locafionally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I ver'rfied, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions famished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in pertorming this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting condttions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of etther the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or an any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the pertormance of this appraisal or the preparation of this appraisal report, t have named such individual(s) and disclosed the specific tasks pertorrned in this appraisal report. I certify that any individual so named is qualified to pertorm the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for tt. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. rreaare nnac ronn ~u March 2005 UAD Version 9/2011 Page 5 of 6 Fannie Mae Fonn 1004 March 2005 Form 1004UAD -'WinTOTAL' appraisal software by a h mode, inc. -1-800-ALAMODE unnorm Kesiaentiai Appra~sai Keport Frt,~r izoizsoz 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organaations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's ('d applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not IimRed to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Unform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, govemment sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certrfies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identrfied in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qual'rfied to pertorm this appraisal, and is acceptable to pertomt this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature " as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER-~fVic~ki L Wickwire Signature /± c.~~ ~.~. ,~~tfr' Name Vicki L Wickwire.PA Certified Residentlal RIE Appraiser Company Name Wickwire Appreisals. Inc Company Address P. O. Box 21 Lewisberrv, PA 17339 Telephone Number (717) 938-5819 Email Address wickwireappreisals(c~frontier.com Date of Signature and Report 07!30/2012 Effective Date of Appraisal o7i28no12 State Certification # RL003279L or State License # or Other (describe) State # State PA Expiration Date of Certification or License 08/30/2013 ADDRESS OF PROPERTY APPRAISED 303 Hembck Rd Mecharwcsburo, PA 17055 APPRAISED VALUE OF SUBJECT PROPERTY$ 183.000 LENDER/CLIENT Name No AMC Company Name AmeriCtaice Federal Credit Unbn Company Address 2175 Bumble Bee Hollow Road. Mechanicsburg, PA 17055 Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ^ Did not inspect exterior of comparable sales from street ^ Did inspect exterior of comparable sales from street Date of Inspection rreapie nnac romt N Marcn ZOU5 UAD Version 9/2011 Page 6 of 6 Fannie Mae Fonn 1004 March 2005 Form 11104UAD -'WInTOTAL' appraisal software by a b mode, Inc. -1-BOl}ALAMODE 1207EM001326 Uniform Residential Aooraisal Report Fa.r ~~mnn~ FEAIllRE SUBJECT COMPARABLE SALE #4 COMPARABLE SALE #5 COMPARABLE SALE #6 Ad~ess 303 Hembck Rd Mecharucsb PA 17055 939 Hennan Dr Mecharwcsbur PA 17055 2636 N Rosegarden Blvd MecNrarresbur PA 17055 412 Orchard Ln Mechar>icsbur PA 17055 Praod to Sub' ct 0.59 miles W 0.63 miles W 2.15 miles NE Sete Pdce S 162 500 S 172 000 S 170 000 f 174 900 Sale Pdce/Gross Liv. Area S 102.07 s ~ n b 96.09 S .tt . S 107.26 S .tt. E 152.35 S .tt. Data Sources MLS #10208777•DOM 3 MLS #10210323•DOM 7 MLS #10225264•DOM 6 VerOkatlon Sources Tax Reco Tax Record Tax R VALUE ADJUSTMENT'S DESCRIPTION DESCRPTION + - ti Ad' SbTIeM DESCRPTION + - S Ad' stment DESCRIPTON + - S Ad' lment Sales or Rnandnp Concessions ArmLth FH •4000 -4 000 ArtnLth Corrv•1550 -1 600 Listing Date of Sal4/Rme s09/11 •Unk s07/11 •Unk c07/12 Locaflon N•Res•Res N•Res•Res N•Res•Res N•Res•Res - Leasetald/Fee Si k Site Fee SIm le 19 166 sf Fee Sim le 1 B 988 sf 0 Fee Sim le 11 326 sf 0 Fee Sim le 11 761 sf 0 •_ New N•Res•Res N•Res•Res N•Res•Res N•Res•Res Des! k Ranch Ranch Ranch Ranch Oua' of ConsbucOon Q4 Q4 : Actual a 45 41 0 36 0 43 0 ' CondlOon C4 C3 -5 000 C4 C3 5000 Above Grade ToW Bdrms. Baais Total Bdrms. Baths Taal Bdrms. Baths Taal Bdrms. Baais Room Count 7 3 2.0 6 3 2.0 0 8 4 2.0 0 6 3 1.1 +1 000 Gross LIN Area 1 592 .tt. 1 790 S .tt. -3 000 1 585 S .tt. 0 1 148 S .tt. +6 700 Basemerd&Rdshed RoomsBebwGrade 1592sf398sfin 1rrObrO.Oba0o 1790sf780stwo 1rrObrl.lbalo 0 -2500 1585sfOsfm 0 +1000 1148sf1148sfwo 1rrObr0.Oba1o 0 -1000 Functbnal Aver a Avera a Avera a Ave Fleatl Co ElectRad/None EBBD/Central -2 000 OFWAICentml -2 000 Heat Pum -2 000 Ever Etticierd flans Storm Units Thermo apes -2 000 Thermo arses -2 000 Thermo arses -2 000 Gera Ca h 1 Car Attached 1 Car Attached 1 Car Attached Off SUeet +2 000 PactVPatloJDeck Patio Patio Deck 0 Deck 0 Deck Patio 0 Rro lace None Fire lace -1 000 Fire lace -1 000 Fire lace -1 000 Pod I round Pool None +2 000 None +2 000 I round Pool List to Sale Price Ratio Not liceble Not livable Not livable livable 98% -3 500 Net Ad' ShrM3M otal + - S -17 500 + - S -3 600 + - S -4 B00 Adjusted Sale Price of C tiles R rt the resufls of Oce research and an sis of the Net AOJ. 10.2 % Gross Ad'. 12.5 % or sale ar transfer h S 154 500 ls[o of Ore sub' Net Adj. 2.1 % Grass Ad'. 5.6 % and c arab Z le sales 166 400 addfli Net Adj. 2.7 % Gross Ad'. 13.8 % onal rbr sales on S 170 100 3 . ITEM SUBJECT COMPARABLE SA LE # 4 CO MPARABLE SALE # 5 COMPARA BLE SALE # 6 Date Of Pda SaleJTrartsfer Pdce of Prbr Sab/Transfer Data Solaces Tax Record Tax Record /MLS Record Tax Record /MLS Record Tax Record /MLS Record Ettecih~e Date of Data Sources 07/23!2012 Area sis of ria sale ar transfer hilt of the sub' 07!27/2012 07/27/2012 07/27/2012 o and co cable sales A minimal of a 36 month sale or transfer histo of the sub'ect ro e . and a 12 month sale and transfer histo of the com arable sales was researched and re rted. An sale that has been rior to those ammeters and considered relevant has been re orted as well on the su lemental addendum. Arta sis/Comments "'See su lemental addendum for the com amble arse is"' rreacre nnac rortn ru nnarcn zuua UAD Version 9/2011 Fannie Mae Forth 1004 March 2005 Form 1004UAD.JAC) -'WInTOTAL' appraisal software by a b made, Inc. -1-80QALAMODE 1207EM001326 File Na. 12072302 UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source: Fann/e Mae UAD Append/x D: UAD FielrtiSpecH/c Standardization Requirements) Condfdon Ratings and Definitions C1 The Improvements have been very recently consWCted and have not previously been occupied. The entlre structure and all components are new and the dwelling features no physical depreciation.* *Note: Newly constructed improvements that Iealure recycled materials and/arcomponerrts can be considered new dwelangs provided Mat the dwelNrrp !s placed on a t00% new foundatlon and Me recycled materials arM Me recycled components have been rehabilnated/re-manufactured into //ke-new condition. Recently consbuctedlmprovements that have not been previously occupiedare not cons/dered "new' if Mey have any s/gn/tlcant physcca/ depreclatlon (l.e., new/y consbucted dwellings thathave been vacant loran extended period of t/me without adequate maintenance or upkeep). C2 The Improvements feature no deferred maintenance, IlUle or no physical depreciation, and require no repairs. Virtually all building components are new or have been recentty repaired, refinished, or rehablNtated. All outdated components and finishes have been updated and/or replaced wtth corrrtfwnents that meet current standards. Dwellings In this category either are almost new or have been recently completely renovated and are similar in condttion to new constroction. C3 The improvements are well maintained and feature Iimtted physical depreciation due to normal wear and tear. Some components, but not every major buNding component, may be updated or recently rehabilttated. The structure has been well mairrtalned. C4 The Improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to buckling components/mechanical systems and cosmetic repairs. All major building components have been adequatey maintained and are functionally adequate. C5 The improvements feature obvious defemed maintenance and are in need of some significant repairs. Some building components need repairs rehabilttation, or updating. The functional utiltty and overall INablitty is somewhat diminished due to condftlon, but the dwelling remains useable and functional as a residence. C6 The Improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safely, soundness, or structural Integrity of the Improvements. The improvements are in need of substantial repairs and rehabilttation, Including many or most major components. Duality Ratings and Detinitlons D1 DweNings with this quality rating are usualy unique structures that are Individually designed by an arohttect for a specified user. Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionaly high level of workmanship and exceptionaltyhigh-grade materials throughout the interior and exterior of the structure. The design features exceptonally high~ualtty eMedor refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishes throughout the dwelling are of exceptionaly high quality. D2 Dwellings wtth this quality rating are often custom designed for construction on an Individual property owner's site. However, dwellings in this quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highty modified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinemerts, and detail. The workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality. Q3 Dwellings wtth this quality rating are residences of higher quality built from Individual or readily available designer plans inabove-standard residential tract developments or on an indhddual property owrrer's stte. The design includes significant extedor omamentatlon and Interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been upgraded from "stock" standards. Q4 Dwellings wtth this quality reting meet or exceed the requirements of applicable building codes. Standard or modified standard buildlrtg plans are utilized and the design includes adequate fenestration and some exterior omantentatlon and interior refinements. Matedals, workmanship, finish, and equipment are of stock or builder grade and may feature some upgrades. UAD Version 9/2011 Farm UADDERNE -'wInTOTAL' appraisal software by a la mode, Inc. -1-800-ALAMODE UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source: Fann/e Mae UAD Appendix D: UAD Fie/ttiSpeci/!c Standardization Requirements) ~ualtty Ratings and Definitions (cortUnued) 45 Dwellings wtth this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior omamentatlon and Iimtted Interior detail. These dwellings meet minimum building codes and are constructed wlth Inexpensive, stock materials wtth Ilmtted refinements and upgrades. QB Dwellings with this qualtty rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans Or without plans, often utilizing the lowest qualtty building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal constmctbn skills. Electrical, plumbing, and other mechanical systems and equipment may be minimal or nonexistent. Older dwellings may feature one or more substandard ornon-conforming additions to the original structure Definitions of Not Updated, Updated, and Remodeled Not Updated Little or no updating or modemlzation. This descriptbn Includes, but is not limited to, new homes. Residentlal propertles of fifteen years of age or less often reflect an original condltbn with no updating, tt no major components have been replaced or updated. Those over fifteen years of age are also considered not updated tt the appliances, fixtures, and finishes are predominanty dated. An area that is 'Not Updated' may still be well maintained and fully functional, and this ratng does not necessarily impty deferred maintenance or physicaUfunctional deterioration. Updated The area of the home has been modtlled to meet current market expectations. These modHlcations are Ilmfted In terms of both scope and cost. An updated area of the home should have an Improved look and feel, orfunctlonal utiNty. Changes that constitute updates include refurbishmentand/or replacing components to meet existing market expectations. Updates do not Include signttlcant alterations to the erdstlng stmcture. Remodeled Significant fiMsh and/or structural changes have been made that Incroase utlllty and appeal through complete replacement and/or expansion. A remodeled area reflects fundamental changes that Include multiple atteratlons. These alterations may include some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tlie), relocatbn of plumbing/gas fbdures/appliances, signtticant structural ateratons (relocating walls, and/or the addfdon of) square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not included in the bathroom count. The number of full and half baths Is reported by separating the two values using a period, where the full bath count is represented to the left of the period and the half bath count is represented to the right of the period. Example: 3.2 Indicates three full baths and two half baths. UAD Version 9/2011 Farm UADDERNE -'WinTOTAL• appraisal software by a la mode, inc. - i-800-ALAMODE UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM (Source: fann/e Mae UAD Appendvr D.• UAD field-Speclf/c Standardization Requirements) Abbreviations Used In Data Standardization Text ~' F ac Acres Area Stte Ad'Prk Ad'acertt to Park Locatbn Ad'Pwr Ad'acent to Power Lines Locatbn A Adverse Locaton & View ArmLth Anus Len Sale Sale or Financin Concessions ba Bathrooms Basement & Finished Rooms Below Grade br Bedroom Basement & Finished Rooms Bebw Grade B Benefbial Locatlon & View Cash Cash Sale or Financin Concessions C S C Vlew S line Vlew View C Str C Street Vlew View Comm CommerclallMluence Locatbn c Contracted Date Date Of Sale/Time Conv Conventbnal Sale or Financin Concessions CrtOrd Court Ordered Sale Sale or Financin Concessions DOM D s On Market Data Sources e ration Date Date of Sale/Time Estate Estate Sale Sale or Financin Concessions FHA Federal Housin Autho Sale or Financin Concessions GlfCse Golf Course Locatbn Glfvw Gott Course View Vlew Ind IndusMal Locatbn & Vlew In Interior Onl Stairs Basement & Finished Rooms Below Grade Lndfl Landfill Locatbn LtdS ht Limtted SI ht Vbw Listin Listt Sale or Financin Concessions Mtn Mountain View View N Neutral LocaUOn & Vlew NonArm Non-Arms Len Sale Sale or Financin Concessons Bs d Bus Road Locatbn o OUrer Basement & Finished Rooms Below Grade Prk Park View View Pstrl Pastoral View View PwrLn Power Lines Vlew PubTm Public Trans rtatton Location rr Recreational Rec Room Basement & Finished Rooms Below Grade Relo Relocatton Sale Sale or Financin Concessions REO REO Sale Sale or Financin Concessions Res Resklential Locatlon & Vlew RH USDA -Rural Housi Sale or Financin Concessions s Settlement Date Date 0f Sale/Time Short Short Sale Sale or Financin Concessions sf S uare Feet Area, Stte, Basement s m S uare Meters Area Stte Unk Unknown Date Of Sale/Time VA Veterans Administretlon Sale or Financin Concessions w Withdrawn Date Date of Sale/Time wo Walk Out Basement Basemert & Finished Rooms Below Grade wu Walk U Basement Basement & Finished Rooms Below Grade WtrFr WaterFrorrta a Locatbn Wtr WaterVlew Vlew Woods Woods View View Other Appraiser-Defined Abbreviations UAD Version 9/2011 Form UADDERNE - •WinTOTAL' appraisal software by a la node, inc. -1-800-ALAMODE Suuolelmental Addendum aeu„ ,~~~~~~~ Banower lierit Warren Hardman Fto Address 303 Hemlock Rd Ci Mechanicsb Cau Cumberland State PA D Code 17055 Lender AmeriChoice Federal Credit Unbn yFORMATION CONCERNING ZONING WAS OBTAINED FROM LOCAL MUNCIPAL AND COUNTY ZONING MAPS. FLOOD INFORMATION IS SUBJECT TO FLOOD CERTIFICATION AND CURRENT SURVEY TO VERIFY SITE INFORMATION. ALL COMPARABLE SALES ARE VERIFIED SOLD AND SETTLED PROPERTIES. REAL ESTATE TAXES ARE ROUNDED TO THE NEAREST DOLLAR. LOT SQUARE FOOTAGE IS DERIVED FROM PUBLIC RECORDS AND IS ROUNDED TO THE NEAREST FOOT. BELOW GRADE LEVEL SQUARE FOOTAGE AND THE FINISHED SQUARE FOOTAGE AREA FOR THE COMPARABLES IS DERIVED FROM A COMBINATION OF PUBLIC RECORDS AND THE MULTIPLE LISTING SERVICE. THE APPRAISER HAS NO FIRST HAD KNOWLEDGE OF THIS INFORMATION AND THE INFORMATION IS A BEST GOOD FAITH ESTIMATE IN THE APPRAISER'S PROFESSIONAL OPINION. THE APPRAISER CANNOT VERIFY THIS DATA INDEPENDENTLY AND CANNOT GUARANTEE THE INFORMATION FROM THESE SOURCES. THE COMPARABLE'S GROSS LIVING AREA SQUARE FOOTAGE IS DERIVED FROM PUBLIC RECORDS. AND THE MULTIPLE LISTING SERVICE. THE DATA SOURCES USED ARE BELIEVED TO BE THE MOST RELIABLE SOURCES AVAILABLE. THE APPRAISER HAS NO FIRST HAND KNOWLEDGE OF THE INFORMATION AND CANNOT VERIFY THIS DATA INDEPENDENTLY OR GUARANTEE THE INFORMATION FROM THESE SOURCES. AREAS OF THE LOCAL MARKET HAS BEEN DECLARED A "DISASTER AREA" IN THE PRIOR YEAR DUE TO UNPRECEDENTED RAINFALL AMOUNTS AND FLOODING. THERE WAS NO VISIBLE EVIDENCE THAT THE SUBJECT PROPERTY HAS BEEN AFFECTED BY THE DISASTER. ALL OF THE SUBJECT AND COMPARABLE PICTURES HAVE BEEN TAKEN BY THE APPRAISER. THE MOST LIKELY BUYER FOR THE SUBJECT PROPERTY IS AN OWNER. OPINION OF REASONABLE EXPOSURE TIME:60-90 DAYS THE APPRAISER HAS NEVER PERFORMED AN APPRAISAL ASSIGNMENT OR ANY OTHER SERVICES AS AN APPRAISER OR IN ANY OTHER CAPACITY ON THE SUBJECT PROPERTY. THE UTILITIES WERE ON AND OPERATING AT THE TIME OF THE INSPECTION. BASEMENT WATER: THERE WAS EVIDENCE OF WATER LEAKING INTO THE REAR CORNER OF THE BASEMENT. AT THE TIME OF THE INSPECTION THERE WAS NO WATER (PUDDLING, MOISTURE, DAMPNESS), HOWEVER, THERE WERE WATER STAINS VISIBLE ON THE FLOOR THE PERSON PROVIDING ACCESS TO THE PROPERTY STATED THAT AT TIME OF HEAVY RAINS THERE IS WATER THAT COMES IN AROUND THE SEWER PIPE. SEE ATTACHED PICTURES OF BASEMENT. ORIGINAL LIST PRICE OF COMPARABLES Comparable 1-$174,900 Comparable 2-$174,900 Comparable 3-$169,217 Comparable 4-$173,900 Comparable 5-$175,900 Comparable 6-$174,900 CLOSING DATES FOR THE COMPARABLE SALES IN THE MONTH/DAY/YEAR FORMAT: Comparable 1-07/18/2012 Comparable 2-03/2812012 Comparable 3-12/23/2011 Comparable 4-09/01/2011 Comparable 5-07/29/2011 Comparable 6-Not Applicable/Pending Sale SignaWre ~' ~-k-~ (~'~ {~(rt,lr(N't Name Vicki L Wickwire.PA Certified.Residential R/E Aooreiser Date Signed 0 7/3 012 01 2 State Cedficatlon # RL003279L State PA Or State License # _ State Slgnabae Nagle Date Signed State Certlficatlon # Or State Lcense # State State Form TADD2 -'WInTOTAL' appraisal software by a b mode, Inc. -1-800-ALAMODE CunnlRmnn*91 Adda^^d^^^n Borrower/CWent Warren Hardman Ro Address 303 Hembck Rd C' Medranicsbu Cou Cumberland State PA D Code 17055 Lender AmeriChoice Federal Credit Unan • y6AR :Sales Comparison Anahrsis - 3ummarv of Sales Comoarlson Aooroa -ti The appraisers search area began in the subject neighbofiood as described in the report for ranch style homes considered to be comparable to the subject in size, age, utility, and amenities. There were comparebles located within these parameters. However, due to the limited number of comparebles located the search parameters were expanded to indude properties in the same municipality, market area, and affected by the same external conditions. The search included properties that have sold and settled in the prior 12 months, are pending sales,and adive listings. All of the comparebles are ranch style homes located in the same market area as the subject. Comparables #1-5 are solo and settled properties. The subjed property has an inground pool and no comparable sales with an inground pool were located within the search parameters defined. Comparable #5 is a comparable pending sale with an inground pool wthin the search parameters. It is used to support the value of simNar properties to the subject wkh a pool. The subjed market area does not divulge contract prices on pending sales and therefore could not be reported. The comparebles that have sold and settled are the only properties used to established the estimated market value of the subjed properly. The adjustment for condition of comparebles 1,2,3,4, & 6 is due to the sales having updating to the kitchens and baths superior to the subjed. The value shown in the grid section is the estimated readion in the market place based on the data available. Information concerning the interior of the comparable sales was derived from the MLS descriptions and the MLS pidures provided to the appraiser. The market conditions addendum developed in the appraisal report provides support information for supply and demand, housing trends, and the list to sale price ratio reported The sales with adjustments represents a range of value for the subjed property and are considered to be the best available to report. Signature r' R-~-~ p"~ y(rt~Ci-'r Name Vk:ki L Wickwire.PA Certifled.Residential R/E Aooreiser Date Signed 07/30/2012 State Cerpficatlan # RL003279L State PA Or State License # State Signature Name Date Signed State Certlfkatlon # Or State License # State Form TADD2 -'WinTOTAI' appraisal software by a b mode, Inc. -1-800-ALAMOpE Market Conditions Addendum to the Appraisal Report ~,,~ ;;n;;~001326 ~ ne purpose a tas aaaeneum us to provide the Ienaer/cYent wtth a clear and accurate understanding of the mazket trends and condNlons prevalerd in the subject hboriiood. THs Is a eked addendum fa ad sisal re wtth an effective date an a after dl 1, 20119. Pro Address 303 Hembck Rd C Mechanicsbu State PA ZIP Code 17055 Bonowe Warren Hardman katnrctbne: The appraise must use the Information required an tlds Corm as the basis fa Hs/ler concgrslon, and must provide support fa tlase corebsion, regardirg housing trends and ovead market coMitlons as reported In tie Nelghbahddd sectlon of the appraisal repel form. The appraiser must tiN In ad the irdormatlon to tre exkrd tt is available and rdlabk and must provide analysis as Indicated bebw. d any required data Ls unavailable or is considered urredabk, tte appraiser must provide an e~lanatbn. tt is recogNzed tlet not aN data sources wid be able to provide data for the shaded areas bebw; tl tt is available, however, tle appraiser must Include Ge data In the anaysis. d data sources provide the regdred infarrnatlon as an average Instead of tle median, de appraise should repel the available figure and identify tt as an aveage. Sales and Ystkgs must be properties that compete with the subject properly, detenrdned by appying the crtterta that would be used by a prospective buyer of tie sub' . The a raiser must in arrorrelies In the data, such as seasonal markets, rew contrucdon, forecbsures, etc. Prig 7-12 Mordlrs Prldr 4-6 Months Currerd - 3 Mordhs Overall Trend Total # al C bk Sales Settled 5 2 3 Increasl Stable DacY tbn Rye Dial SaleslMorths 0.63 0.67 1.00 krcr~si Stable Dell Total # of Com rabk Actlve List s 0 4 5 Dec Stable Mordfrs d H S opt Llstl Ab.Rate 0 BA 5.0 Dec `Stable Medan SNe 611rt SeM/IMI % Prbr 7-12 Montle Pria 4-6 Montle Cunerd - 3 Madhs Overall Trend Median C bk Sale Price 170 000 161 750 145 000 hereas Stable DecNd Median C bb Sales Da on Market 55 11 54 Decd Stable krcreas Median Co arable List Price 187 900 174 800 169 900 5t1~1e Dec Median C bk llstl s Da on Market 65' 89 71 Stabe #ICt - Median Sale Price as % of List Price 96.65 97.33 99.38 krcreas Stable DecY - Seta- deveb , bulkkr, etc. aid financial assistaree revalerd? Yes No DecNM Stable Increasi E~lain in detail the seder concession b'erbs fa the past 12 months (e.g., sects cdnlribudon Increased from 3% to 5%, Increasing use of buydowns, dosing costs, condo - fees, o s etC.. Seller concessions are bei more readi acre led as incentives to rocure nicker sales and bei com thive in the current market lace. There a ors to be no evidence of a trend in seller concessions used to inflate ro values. There is no data indicat that seller aid financial assistance is considered to be revalent. Are torecbsure sales REO sales a facto in tle market? Yes No B es, in incbd tte trends in dsg sand sales of forecbsed ro rties . There are forecbsure ro rfles in the market lace• however the do not seas' nif'rcant factor in the market area. Gk data soaves fa above kdomratlon. Local MLS. The informatbn used to rovide the irneM anal is is vided b the local MLS and is the best iMonnatbn aveNable to the a raiser. 1 believe the data source used to be reliable. I cannot ve ' all of the data rode ends and cannot uareraee an ana is made with the data. Summarize Me above bformatlon as support for your carcbslon in the Ndgfdwrhood section of the appraisal repot fem. tl you used arty additlonal information, such as an are is d ndl sales andlor a red and withdrawn Ifstl s to formulate r conclusion ovide both an natbn and su rt fa our conclusion. The invento ana is shows the overall trend over the st 12 months to be stable wkh on minor fluctuatons in the sub ect market area with ro s that com to with the sub'ect o .Minor fluctuations in the market area can be attributed to the time of the ar where real estate transectbns in the market area increase and decrease historical) .The market area has a historical tends to see an increase in active lisfl sin the March - Ma time rind and a decrease in sales in the November-Februa time rind. P rties used in the ana is are in the same market area and are affected b the same external conditions as the sub'ect roe M the k a unk h a aMdominfum a mtNe , corn the folbwin : Pro Name: ~ t ~~ ~a Prior 7-12 Mattf-s Prior 4-6 Mordhs Curm11- 3 Madhs Overall Trend Thal # of C rabk Saks Settled bcreasi Stable DecYnl Ab don Hate Dial Sales/IAordhs Yrcreasi Stable DecNrY TMaI # of Actlve rabk Lfstl s Stetrle > Mordhs of lMtt Su Dial Lk s/Ab.Rak Dec!'. Stele ~ Are faecbsure sales (REO sales) a tacta in the project? Yes No tl yes, indicate tre number of REO Ystlngs and e~laln the trends in Ystings arM sales ct forecbsed ro e,. . Summarize tie above trends orb address the Im ct on tie sub t untt and ro ct. Si lure r Isar Name Vicki L Wickwire PA Certfied Residential R/E rei C Nang Wickwire sisals Inc SI nature Su Is A raiser Name C Norris Co Address P. O. Box 21 Levvisber PA 17339 Co Address State Ucense/Cetlficatlon # RL003279L State PA Stale Licena/CeNficatlon # State EmaN Address wickwireappreisals~frontier.com Freddie Mar. Frcm 71 March 7(YW Email Address - -a- ~ -• , o„„o ~.wo rum ivwm~. march LUITJ Form 1004MC2 -'WinTOTAL' appraisal software by a la made, inc. -1-N04ALAMODE Wickwire Appraisat~ Inc APPRAISAL AND REPORT IDENTIFICATION This Apprdsal Report Is !>ofl of the fdbwMp types: ^ Self Contekred (A vvrttten report prepared under Standards Rule 2-2(a) , pursuant to the Scope d Wak, as disclosed elsewhere in this report) ® Summary (A written report prepared under Standards Rule 2-2(b) , pursuant b the Scope d Work, as discbsed elsewhere in this report) ^ Restricted Use (A written report prepared under Standards Rule 2-2(c) , pursuant to the Scope d Work, as discbsed elsewhere in 1Ms report, restricted to the stated irdended use by the specified cNerrt or kdended user.) Comments on Standards Rule 2.3 I certify that, to the best of my knowledge and belief: • The statements of fact contained fn 1Ns report are true and correct. • The reported anayses, opinkxrs, and conclusions are Nmtled ony by the reported assumptlons and Iimlling condNons and are my personal, impartial, and nrnbiased prolessbnal analyses, opidons, and ceaduslans. • I have no (a the specidied) present or prospective irderest in the propey that is the subject of 1Hs repot and rro (or the specified) personal interest wtlh respect to the parties invelved. • I have no bias with respect to the property that is the subject of this report or the parties involved with fds assignmerd. • My engagement in this assignment was not cardingent upon developing a reportlng pn:determkred resups. • My comperrsatbn for compkdng tMs assigmend is not coMirgeN upon the devebpmend or reporting of a predetenNned value or direction in value drat favors tle cause of the tied, the amaum of the value opinbn, tle attainment of a stipubted resul, or the occurrence of a subsequent evert directy related to the intended use of this appraisal. • My anayses, opinions and conclusion were devebped and 1Ns report has been prepared, in contom>ity wtth the UMtonn Standards of Professional Appraisal Practice. • I have (a have not) made a personal inspection of the property that is tlne subject of this report. • No one provided signfcant real property appraisal assistance to tl1e person signing 1Ns certification. (ti there are exceptbns, the name of each IndMdual providing significant real property appraisal assistance is stated elvewhee in this report.) Signatlre: ' ' ~'-k-j D"'1 K+tl~, p1r t lE...4,., Name: Vicki L Wickvdre.PA Certified.ResideMial F2/E ll~oreiser Date Signed: 0 713 0/2 0 1 2 State Certlficatlon #: RL003279L a State Ucense #: State: PA Expiratlon Date of Cetificatlon a Ucense: 06/30/2013 Eflectlve Date of Appraisal: SignaWre: Name: Dale Signed: State Certlfkatlon #: a State Ucense #: State: Expiration Date of Cetttk;atlon a Ucense: Supervisory Appraise irepectlon o(SdrJect Property: ^ Did Not ^ Exterta-any from street ^ Inlela and Exterior Fonn IDO6 -'WInTOTAL' appraisal software by a la mode, Inc. -1-804ALAMODE APPRAISER: SUPERVISORY APPRAISER (only If roqulred-: Subject Photo Page Borrows CYerit Warren Hardman Pro Address 303 Hemlock Rd C Mechanicsbu Coo Cumberland State PA ~ Code 17055 Lendx AmeriChoice Federal Credit Union Subject Front 303 Hemock Rd Sales Pdce 162,500 Gross LINng Area 1,592 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.0 Location N;Res;Res View N;Res;Res Site 19,166 sf Quality Q4 Age 45 Subject Rear Subject Street Form PICPIX.SR -'WinTOTAL• appraisal software by a b mode, Inc. -1-d00•ALAMODE Subject Photo Paoe Borrower Chad Warren Hardman Pro Address 303 Hemlock Rd C Mechanicsbu Cou Cumberland State PA D Code 17055 Lender AmeriChoice Federal Credit Union Subject Front 303 Hemlock Rd Sales Price 162,500 Gross LINrq Area 1,592 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.0 Location N;Res;Res View N;Res;Res Slte 19,166 sf Quality q4 Age 45 Subject Rear Subject Street Form PICPD(.SR - 9NinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Photograph Addendum Borrower lent Warren Hardman Pro Address 303 Hembck Rd Ci Mechank:sbu Cou Cumberland Slate PA D Code 17055 Lender AmeriChoice Federal Credft Unbn Subject Rear Inground Pool Living Room Form GPICPIX -'WInTOTAI' appraisal software by a la mode, Inc. -1-800•ALAMODE Photograph Addendum Borrower CYern Warren Hardman Address 303 Hemlock Rd C fdechanicsbu Ccu Cumberland State PA D Code 17055 Lender AmeriChoice Federal CredR Union Kitchen Hall Bath Owner's Bath Form GPICPIX -'IMnTOTAL' appraisal software by a la mode, inc. -1-80QALAMODE Photograph Addendum BarrowerCYernt Warren Hardman Pr Address 303 Hemlock Rd C' Mechanicsb Cou Cumberland State PA D Cade 17055 Lender AmeriChoice Federal Credit Union BasementlEvidence of Water Leakage BasementlEvidence of Water Leakage Form GPICPIX -'VNnTOTAL' appraisal software by a la mode, Inc. -1-80t}AUIMODE Comparable Photo Page BorrowerCNent Warren Hardman Add s 303 Hembck Rd C tvlechanbsbu Cau Cumberland State PA D C 17055 Lender AmeriChoice Federal Credit Unbn Comparable 1 126 Holly Dr Prox. to Subject 1.76 miles NE Sales Price 174,900 Gross Llvirp Area 1,632 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 1.1 Locatbn N;Res;Res V1ew N;Res;Res Site 11,761 sf Quality Q4 Age 43 Comparable 2 100o snerf~a Ave Prox. to Subject 0.58 miles NW Sales Price 175,000 Gross Living Area 1,508 Tonal Rooms 6 Total Bedrooms 3 Total Bathrooms 2.0 Locabon N;Res;Res Yaw N;Res;Res Site 19,166 sf Quality Q4 Age 39 Comparable 3 111 Stover Rd Prox to Subject 0.15 miles NW Sales Price 152,000 Gross Livng Area 1,144 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.1 LoCatbn N;Res;Res View N;Res;Res Site 11,761 sf OUalay Q4 Age 50 Form PICPIX.CR - "yVinTOTAI• appralul software by a la mode, Inc. -1-BOQALAMODE Comparable Photo Page Borrower/CNerM Warren Hardman Address 303 Hemlock Rd I tvlechanicsbu Cou Cumberland S e PA 7J 17055 Lender AmeriChoice Federal Credit Unan Comparable 4 939 Herman Dr Prwc tD Subject 0.59 miles W Saks Price 172,000 Gross LINng Area 1,790 Total Rooms 6 Total Bedroortls 3 Total Bathrooms 2.0 Location N;Res;Res Vlew N;Res;Res Site 16,988 sf Dualtty Q4 Age 41 Comparable 5 2636 N Rosegarden Blvd Prox b Subject 0.63 miles W Saks Price 170,000 Gross Living Area 1,586 Total Roams 8 Total Bedrooms 4 Total Bathrooms 2.0 LoCatbn N;Res;Res Yew N;Res;Res She 11,326 sf Duality Q4 Age 36 Comparable 6 412 Orchard Ln Prox. b Subject 2.15 miles NE Saks Rice 174,900 Gross Livirp Area 1,148 Total Rooms 6 Total Bedroans 3 Total Bathrooms 1.1 Locatkn N;Res;Res YH;w N;Res;Res Sfk 11,761 sf Dualtty 04 Ape 43 Form PICPIX.CR -'WInTOTAL' appraisal software by a la mode, inc. - t-804ALAfuWDE Building Sketch BoROwer/CNeIK Warren Hardman Pro Address 303 Hemlock Rd C Mechanicsbu Cou Cumberland State PA D Code 17055 Lender AmeriChok:e Federal Credit Unbn 24R Uncoverod Patio 22R 23R Bath Kitchen Dining Bedroom Bath First Floor il ~ F c, ~ [1592 Sq R] am y v ? N ~t ~ Bedroom Living Bedroom 13R $6R 22R 23R r lift Laundry w ~ Basement n Storage [1592 Sq R~ Rec Room 56ft ww.a M a r rwe.,.x. Aran Gka6tlwa Soataarir ~..Arer Cakulatln DatalM Rest Pbot 1592 Sq tt 30x23 = 690 29 x 22 =638 11 x 24 =264 Total 11vin0 Aran (aoaaded): 1502 Sq R MOM~fk10 A-ea _ 1 Car Mtached 312 Sq R 24x13 = 312 Ua~~ Patlo 258 Sp R 24 x 12 =288 Basement 1592 Sq ft 30x23 =690 29 x 22 =638 I1 x 24 =264 Form SKT.BIdSId -'WInTOTAI• appraisal software by a b mode, Inc. -1-800-ALAMODE Location Map BorrOwerClfent Warren Hardman Ro Address 303 Hemlock Rd C Mechanicsbu Cou Cumberland State PA D Code 17055 Lerber AmeriChoice Federal Credit Unbn a la mode inc ~~\ t> fPf' J' - ~ i Ra~amrntnx Ind~acrfa' ' ~~ i 1~ - Cumbe~ldnd a~ &otsM ~Oy.Y ~~~rxiin} ,~ ~[~r.en. Heaght5 Wa ~~ (.e ,Ntery N WIM~fi ~ kl) Eh~mut ~ ~ ~' 'Cemacery ~ ~ ~ --rhRer'pd ~ ~ fi ,t r! f,~ ~, i~~, ~ III L ~ '~ Ry ~ c ~° is , ,r ' , ~ f ~~, ~' ~ N3 ilt "aa' nt y n~ ; '~ ~ Bgwrttar3sd81e "~O a may v7 s'S1p" ~ - ~ ~' w ~st",rr, as ~~ f.~ ~ -erea~es~" c,~s~ ' `a f% 2f ~ d', 4~ ., a Rd " Gr ~~ GrantPx'trn eAexswr+'.~ircw .~ °~ W ir . <~ . ~ a , '1'p _ . ~~ o ~~ 4fl ~~ ~y~°+t~ 5idcfanstwrg ~ ~~ ~ ~ ~~ ~ a ~ ~ $ r, ,a d ratr 9 R~ is~oatx 4? 2 ~ scsram++a+^t1d Mot~gE,atr ~- Ttxvnship act... • ~ ~ r,,,~p~ ~a ~~~ ~ Earruil b~l~l~`Totivnsht ~ O.Gaalcs .9-?iE+ 7.~: ~+F3 _,~...~~~»~,::,,~~ ymtenr-,xn3 ~,~xv Fonn MAP.LOC -'WInTOTAL' appraisal sollware by a la mode, Inc. -1-80o-AWdODE Flood Map BOrtOwer CNent Warren Hardman Pro Address 303 Hembck Rd C MecharYcsbu Cou Cumberland State PA Zf Code 17055 Lender AmeriCFrok:e Federal Credit Uraon +c- Preparod for: ~ntE'.I'F~t'~{3~ ~~ WickwireApptasals inc '='~ ~' a ~'"" 303 Hemlock Rd www.int'erNood.com . 1-800-252-6633 Mechanicsburg; PA 17055.. ' ~a ZONE X ;; 7 HBxeadei ~P Number EfiecWe Dete AitlrcA 1B, 20D$ Peorwdty FI~od4ource an.r.F wu~w:rnodio~xtt.ernrt form MAP.FLOOD -'WInTOTAL' appraisal software by a b mode, Inc. -1-804ALAMODE Legal Description BorrowerlCNerR Warren Hardman Pro Address 303 Hemlock Rd CI Mechanicsbu Cou Cumberland State PA D Code 17055 Lendw AmeriChoice Federal Credit Union ;ls~.r... ~ ..w..~.t ircunu:.N,.~w._ uru, ~,.w..::..... ,,,., ,` }~~~ . ~ r ~~ ~~~ ~ - _ _ ~._. ~~.~ ~~~ F 4 ~ ~ hd. }f 4,:_~~, r?' rl~nsrtrttrii ` . ... ~ ~ 7 3,#q~ 91V . I ~i' f ;~ w. s~ ~~~ ~ .1,~ ramwru aaio•.+*~r "7'm to N ~'a~Tt»~ oe.Yt- ~. ,i. rw N .. i«t o. i '' i TlrrrJ Nir 1taa7~+l ..t ~utf•Rpr (1%7}. . [ ~tlM1l .ilac t; mttalis'd...nt tIt1Y1 iL IQ'[OwklR.. W aita. at tM lb.eaahll e! fMar 111ar..Cae.t7 at O+.iiriaul aN •taa a! }rwllr gala. ~rtesa W 3 lxttw s! si. ftra mc, f ~ ~ t , ~ ~ at010Kt C. >itt11a10 cot tYiilrl. Y. 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Alin afr Hod n•t Suu't d O~ . +AN -•.._...~. w.~~__~___- ley of € ~~~~ 'i eta~i2t:,~ 572 . v - i ' I ~7 i I i ~ ~ I Form MAP.Legal -'WInTOTAL' appraisal software by a b mode, Inc. -1-80t}ALAMODE Plat Map BortowedCient Warren Hardman Pro Address 303 Hemlock Rd C tvlechanicsbu Cou Cumberland State PA D Code 17055 Lender AmeriChoice Federal Credit Union Form MAP.PLAT -'VYIniOTAI' appraisal software by a la mode, inc. - t-800-ALAMODE Tax Report page http:llcpmLparagaauels.camlparag .atvc:?la#... Fuif Report C __ _.__._ MMIrr _._._..._....- owter a2 owur tr~a Haw, tYLVIA w Pacsl ro 423~Z+a+o61 INMAddr 303 HEMLOCK RDAp Ptaperyr Addy 303 HEA/.OCK RD llht Addr•2 NIECHAIMCSBURCiPA 17056 t~rthN 27p MECHA-aCSBIIRO PA t705S 5620 t~dNYbn St9KMOUt ACRES OwnerDi6Pfay SYLtM W HARDMAN NsuN.laeaher 303 Last tW Dato Year Bsia 1967 t.aat tats Prla PrOprty and C?wnx t1110r1r11t1011 - -_. . _._ . . Pht lwsts - . _ __ ... Rgwgr 7ypa R RES~Dt~iTiA1 BUILDIt4O Cna d ~* Land Uss CaM f01. RE~DERT1Al.1 FAMILY SeJMW Ofainu 8 land DaaeAplon LAPID'LOT69 Naiybotaood 4271 Lot.Cado LMiK70 40066 C«nwa Taet tt6.09 LatMUda -78.996408 Orrurr 61MrOry 4 __.__._.-_ LafpNwla x.457923 yapw T Land VSlw 163,900:00 SWWNy.Va1w tf3T,000.00 TaafV!alw f190;800.00 .._....... ......................'- dasnAlW6Yesn ~TranaNrFSala)Mk~ ___ Cdnraetarhrtka ..~~. _..-..__........- Year rwla 1967 OaW W Aces O.M EM'YSar 6ufk 1967 tEOrha ; t.ivlapAnatF 7574 OwNinOTYW DETACH LNNyAnaFector 79.76 tasrarTYW PU9UC LIvMp Ama ToW 125574 Rssd 7ypa PAVED uarkwr'.aora NMhrtoura PUdUC t of I 7!2312012 T:19,PM' Forth SCA - •WInTOTAL• appraisal software by a la mode, Inc. -1-800-ALAMODE ~ 0 068fl828 , Cammaanealth ~f Pennsylvania D~eP~r~nga~t~~`jtte Bttreau of P'ro,y~'ei~a#`stntl ~c'ea~ips~t~pnal Affairs PAD Bgz,~rt51°`~IarrlSbur~ F~j ~~1~$649 .' ~~~ t'ertit7cate T1 pe ~ ; t' Certificate Status , C~~rtNied Residential Appraiser '~ b ~ Active >- _. ~ ~, 2 '~~s - Initiu! Cettil~catipuDute _.. 08/2511995 i ViCKi L 1ViCKWIRE Certifcate T97 OLD QUAKE'ti ROAD Number LEN136ERRY PA 17339 RLOO3279L Expiration Daie 1a O6f3O/2O13 S ~}rlDl~irt ~. der C< v~n~cr Gn k~Vlk.;~onal.~nd f: ~.woaro.:71 A)7uu~t. .. Form SCA -'WInTOTAL• appraisal software by a la mode, Inc. -1.80(1-ALAfdODE ROBERT ENSMINGER APPRAISERS 3~5? (~anieru~~z :lvauuc E~~arrisEn~r~, E'A 1?t{i9-I 13? ?17-~i77-"r"~~f7 C~rEt threec:omns;i~~mcast.net Ear o~iert,~+ .Fnsmin¢ers.net March 26, 2012 Warren Hardman 1109 Rana Villa Ave. Camp Hill, PA 17011 RE: Estate of Sylvia Hardman ~~~.,~.t>nsmineers.net ~ Dear Mr. Hardman: In accordance with your request, I have appraised the personal property of Sylvia Hardman, Deceased. The property is located at 303 Hemlock Road, Mechanicsburg, PA 17055. I have made a physical inspection of the items listed in the attached report on March 1, 2012. The values shown have been arrived at after a careful study of the property. I believe it to reflect a true measure of its estimated value as of January 14, 2012. ',The intended users of this report are the executor(s) or the administrator(s) of the estate, estate attorneys and the PA Department of Revenue. There are no other intended users. The intended use of this report is for estate purposes. Estimated value is defined as the appraiser's professional opinion of the estimated gross amount, expressed in terms of cash, which the listed assets would typically realize if exposed for public sale at a properly advertised and professionally managed orderly liquidation at a listed or negotiated price usually within a short period of time of the effective date of this report. Further consideration is given to the ability of the assets to draw sufficient prospective buyers to insure competitive offers are considered. All items are valued on a per item basis, in "as is" condition, with purchasers responsible far removal of assets at their own risks and expenses. Any deletions ar additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated. Taking into account all of the factors set forth in the pages that follow, it is the opinion of the undersigned that the estimated value of the listed personal property is Two Thousand Eight Hundred Seventy-Five Dollars ($2875.00.} Employment in and compensation for making this appraisal are in no manner contingent upon the value reported and I certify that I have no financial interest in the property appraised, present or contemplated. Very truly yours, ~~ Robert A. Ensminger ITEM VALU E Lawn & Garden tools & equipment $ 150.00 Misc. in Garage $ 25.00 TV & DVD player $ 25.00 Sofa & Chair $ 50.00 End & coffee tables $ 40.00 Desk $ 25.00 Glass shelf $ 30.00 Bar $ 50.00 Picnic table $ 15.00 Traps $ 20.00 Glass table & chairs $ 125.00 Refrigerator $ 150.00 Small kitchen appliances $ 25.00 Misc. items in kitchen $ 25.00 Dining table & 6 chairs $ 100.00 Buffet $ 125.00 Hutch $ 200.00 Royal Dalton china "Thistledown" service for 8 $ 150.00 Holmes & Edwards flatware (silver plated) service for 8 $ 50.00 Silver plated serving pieces $ 40.00 Tempus Fugis clock $ 250.00 Bookcases $ 25.00 Living room furniture $ 100.00 Wicker child's chair $ 50.00 Vacuum $ 20.00 Misc. items in bedroom 1 $ 20.00 Misc. items in bedroom 2 $ 15.00 Wicker baby carriage $ 250.00 Wicker baby carriage $ 125.00 Bedroom suite- double bed, vanity, dresser & mirror, chest of drawers, night stand $ 200.00 Misc. items in bedroom 3 $ 10.00 19 Mercury dimes (closing silver price 1/13/2012 = $29.77) $ 45.00 4 Silver Dollars $ 120.00 Dresser set $ 5.00 Costume Jewelry $ 25.00 Freezer $ 50.00 Dehumidifier $ 40.00 Washing machine $ 50.00 Sleds $ 35.00 Misc. items in basement $ 20.00 TOTAL $ 2,875.QQ Scope of Work The following comments expand the Scope of Work to include any additional research or analysis necessary, based on the complexity of this specific appraisal assignment. The scope of work explanations discussed here and within the body of the report further define, clarify and document what the appraiser did [or did not do) in order to develop the appraisal and report the value opinion, based on the complexity of this appraisal assignment and/or as a result of a supplementary Agreement or Engagement Letter * as accepted by the appraiser, Robert A. Ensminger and his client. * If no written specific and or supplemental Scope of Work was agreed upon with the client (prior to accepting the assignment, by formal enpapement letter and included in this report) the Scope of Work outlined here and within the report, is considered to be representative of what fypical users of appraisal services would require and in general, what appraisers would provide as reasonable, acceptable and sufficient for the stated intended user's needs. COMPLETE VISUAL INSPECTION: It should be noted that the Appraiser conducted a visual inspection of only the readily accessible areas of the assets, viewing only those components of the asset which were clearly visible. No tests we made of any mechanical, electrical or electronic systems as such tests are not within the Scope of Work. Comments on the condition of the asset are based on a casual observation only and which may have been limited by the placement of assets so as to preclude observation of the items blocked by same. Although the report may cite a general rating of the adequacy and or condition (based on observation only} it should be clearly understood that these statements are a general guide for comparison purposes (as part of the valuation process} and are not a detailed report on the physical and or operational condition of these items. The appraiser is not an expert in these matters and any opinion stated is advisory based only upon observation. While others may choose to rely on the report, they should not rely on it to disclose condition and stated defects. Such knowledge goes beyond the scope of this appraisal and as such, comments on observed conditions given in this report should not be taken as a guarantee that a problem does not exist. REPAIRS/DETERIORATION: An effort was made to report those repair items that, in the appraiser's opinion, will affect safety, adequacy, and marketability of the property. The Market Data or Sales Comparison Approach to value compares recent sales of similar assets to the subject asset being appraised. Adjustments may be made to the comparable sale for such items as condition, age, provenance, obsolescence and time of sale to arrive at an indication of the most probable selling price of the asset. The Market Data Approach is based on the premise that the asset is easily substituted in the market place for a similar asset of similar quality and price. The market is an established means of buying and selling assets through established channels including auctions, second hand dealers, public and private sales. Auctions are the preferred method of marketing when a liquidation value is being sought. Auctions are usually properly advertised and professionally managed and assets can be liquidated in a relatively short period of time. The orderly liquidation value as reported herein is not consistent with the definition of "insurable value" and should not be relied upon for insurance purposes. The Cost Approach measures value by determining the current cost of an asset and adding for appreciation or deducting for depreciation. Several types of depreciation can be associated with an asset including, but not limited to physical deterioration, functional, economic and technological obsolescence. Since depreciation is very subjective and sometimes difficult to prove, use of the cost approach and reliability on the same as a value indicator could be misleading. In most cases the Cost Approach is not deemed necessary to the development of a reliable value opinion, therefore the Cost Approach has been excluded and was not used in this report. Scope of Work (Concluded) The INCOME APPROACH is typically developed when the value is related to the economic return that an asset can produce. It is usually not applied to individual assets due to the difficult task of identifying individual income streams. The Income Approach is typically used with assets that produce rental income, especially large, movable construction equipment, and commercial transportation vehicles. The appraiser has determined the Income Approach was not appropriate and meaningful to the analysis and value opinion. For this reason, the Income Approach was not employed as a valuation tool. EXTENT OF DATA RESEARCH: Sales and listings of assets comparable to the assets being appraised have been researched, verified, analyzed, and reported. Sales data of assets geographically, physically, functionally and economically similar to the subject assets and that are sufficiently recent to reflect current buyer and seller actions were researched and considered. If necessary and applicable, the appraiser also researched data on comparable income and expense information and replacement costs. Depending upon the availability and reliability of various data sources, the appraiser used any combination of reasonably available information from owner's comments; buyer's descriptions; manufacturer's and dealer's web sites; brochures; Internet auction sites such as eBay or Auction Arms; informational web sites such as Kelley Blue Book, NADA, Edmunds, Machinery Trader, Art Facts, Prices for Antiques and the like; posted auction prices of other auctioneers; the appraiser's own experiences selling similar type assets at public auction and the appraiser's personal library. When and where possible, the applicable information was verified with sources deemed to be reliable and from a disinterested party or corroborated with a 3~d party source. In some cases, the motivations of the parties and other factors (terms, arms-length transactions, etc.} may not have been available and the data was used at "face value as factually accurate." DISCLOSURE/DISTRIBUTION: Regardless of who paid for this appraisal report, the intended user is only the client stated within the report. The appraisal and report may be inappropriate for use by parties other than the intended user and could place them at risk. Despite the means of possession of the report, this appraisal should not be used or relied on by anyone other than the stated intended users and for the stated/intended purpose. The Intended User of this appraisal report is the Client. The Intended Use is to evaluate the assets that are the subject of this appraisal for reasons stated elsewhere in this report, subject to the stated Scope of Work, purpose of the appraisal, the developmental and reporting requirements of the Uniform Standards of Professional Appraisal Practice (USPAP,), and the Definition of Value. The nature of the assignment may infer Additional Users of this report. Examples would where this appraisal is to be used for (a.) legal purposes whereby the client's attorney and authorized court personnel become users of this report on behalf of the client; and (b.) estate purposes whereby the client's attorney and authorized taxing authorities become users of this report. This report is copyrighted by Robert A. Ensminger, ©2010, and may be registered in the U.S. Copyright Office. Any reproduction, electronic or otherwise, of analyses, drawings, photographs, contents, representations or opinions of value made in this report for purposes other than those stated in this report, is not permitted. THE VALUE OPINION: The value opinion stated in the report is based on my analysis as of the effective date shown in the report. The value opinion considers the productivity, economic and physical conditions of the assets only as of the effective date of this appraisal. As market conditions are constantly changing, this value opinion may not be valid in another time period. Statement of Assumptions and Limiting Conditions 1. In preparation of this appraisal report, no investigation was made as to the actual ownership of personal property herein appraised. Unless otherwise stated, the personal property has been valued in fee simple, unencumbered by liens and fractional interests. 2. All opinions as to values stated are those of the appraiser and are based upon the facts and data made available to me. The appraiser assumes no liability or responsibility for changes in the market place or in technology, which may in some way, alter or change the stated values. 3. No responsibility is assumed for information furnished by others and the appraiser assumes no responsibility for matters of a legal nature. 4. This appraisal was made for the purpose stated and is not to be used for any other purpose. 5. Possession of this appraisal report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed and the stated users without the express written consent of the appraiser. 6. The appraiser, by reason of this appraisal, shall not be required to give testimony as an expert witness in any legal hearing or before any court of law unless advance arrangements have been made with the appraiser at an additional fee. 7. Leasehold improvements have not been taken into consideration unless specifically noted in the appraisal report. 8. The appraiser has used his best professional judgment to accurately value the subject according to the specified definitions, and the values reported in the appraisal documents represent the opinion of the appraiser as of the effective date of the appraisal. Such values are subject to significant alteration and will be affected by time, changes in condition, obsolescence, changes in the market place or in the economy and many other factors beyond the control of the appraiser. Reliance upon stated values for any purpose, beyond the effective date of this appraisal is inadvisable. 9. Authenticity of paintings and art work and provenance of antiques and decorative arts is assumed, but not guaranteed. Paintings and art work under glass were not examined out of frames and are assumed to be as identified and in good condition unless otherwise stated. Statement of Assumptions & Limiting Conditions (Concluded) 10. Services containing multiple pieces may or may not have been completely examined, and are assumed to be complete and in good condition, unless otherwise stated. An individual piece is assumed to be representative as to condition. If values are given per set or per lot, the value is for the set or the lot, and no opinion is given as to an individual value, or to proportionate values. 11. Porcelains, pottery, ceramics, and other fragile items have not been examined to museum standards or methods, for repairs or hidden damage, and are therefore subject to further examination. 12. Colored stones and diamonds may be enhanced by using one or more techniques including, but not limited to, clarity enhancement, resins, and heat treatment. In many cases, it is impossible to tell whether a natural stone has been enhanced without a detailed report from a qualified laboratory. The value determination in this report assumes that no major enhancement has taken place unless so stated. 13. Ivory, jade, bronze, gold, sterling silver, and similar materials have not been tested by laboratory standards, or methods for purity and authenticity, and are subject to further examination. 14. Coins and paper currency were not examined for authenticity or counterfeits and were not removed from books, flips, slabs, rolls or other packaging. In most cases the package markings are assumed to contain the listed contents. 15. Machinery, equipment and vehicles were not operated and are assumed to be in working condition unless noted. 16. Electronics and computers were not tested and are assumed to be in working order unless noted. 17. Firearms were not examined internally and were not fired. Various component parts were not checked for matching serial numbers. All firearms are assumed to be in working order unless noted. 18. Measurements and weights are approximate. Wood identity is not guaranteed without further research. 19. It should be noted, that any additions or deletions to the total assets could change the psychological and or monetary appeal necessary to obtain the values indicated within this report. Certifications I certify that, to the best of my knowledge and belief: • The statements of fact contained in this report are true and correct. • The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. • I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. It is noted, however that the appraiser is also an auctioneer that regularly conducts liquidation services for clients. At the present time there are no contracts for future services. • I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. • My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. • My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. • I have made a personal inspection of the property that is the subject of this report. • No one has provided significant personal property appraisal assistance to the person signing this certification. • I have not performed any business services, as an appraiser or in any other capacity, for the party whose assets are being valued within the past three years. ~~~ Robert A. Ensminger March 26, 212 ROBERT ENSMINGER APPRAISERS REAL EST~ITB crnd PERSON~IL PROPERTY :;; 5? l~an~ertc~ri Avetattr E~arrishiir~. E'A 171{)9-1132 i 1'.-6~'?-91 t I '4'«iot; Miry-3?i)_~.,.,;, t==~~. ?1 t-s,r~r-~r~~r~~ c~~~t threecomps~icwmcast.net ~~E n ert,~ nsmmeers.net ~a~vw.Iinsmineers.net INVOICE Federal Tax ID 23-2492038 March 26, 2012 Warren Hardman 1109 Rana Villa Ave. Camp Hill, PA 17011 Professional Appraisal Services: Personal Property Appraisal Sylvia Hardman 303 Hemlock Road Mechanicsburg, PA 17055 ~~s~.o R (~PPE~~~ February 14, 2012 David Gruver McNees, Wallace & Nurick, LLC 100 Pine Street P.O. Box 1166 Harrisburg, PA 17108-1166 RE: Sylvia W. Hardman (deed) Date of Death Valuation Dear Mr. Gruver: oppenhe~mer & co. -nc. 1015 Mumma Road Wormleysburg, PA 17043 Phone 717-763-g200 Fax 717-763-1765 Toll Free 800-722-2294 Tnnutts Business on all Principal Exchanges Listed below is the date of death valuations that you requested. As Jan. 14, 2012 was a Saturday, we've provided values for Jan. 13, 2012 and Jan. 17, 2012. The market was closed on Jan. 16, 2012. Oppenheimer & Co. Inc. Acct #A09-0009075 (Non-IRA Account) Jan. 13, 2012: (a) Advantage Government Liquidity Fund: $4,643.30 (b) Nuveen Investors Trust Preferred Securities: $37,135.13 (c) Putnam High Yield: $1,267.70 Jan. 17, 2012: (a) Advantage Government Liquidity Fund: $4,643.30 (b) Nuveen Investors Trust Preferred Securities: $37,377.52 (c) Putnam High Yield: $1,269.41 Total Value: Jan. 13, 2012: $43,046.13 Jan. 17, 2012: $43,290.23 PPENHEIMEI~ Oppenheimer & Co. Inc. Acct #A87-0904545 (IRA) Total Value: Jan. 13, 2012: $101,632.87 Jan. 17, 2012: $102,231.00 American Funds (a) Income Fund of America Acct# 62787600 Jan. 13, 2012: $35,501.97 Jan. 17, 2012: $35,628.27 Nationwide (Tax Deferred) Annuity Contract # 013030213 (a} Best of America IV Jan. 13, 2012: $47,943.83 Jan. 17, 2012: $48,069.91 ING (Tax Deferred) Annuity Contract # C130005-OW (a) ING Golden Select Premium Plus Jan. 13, 2012: $99,072.02 Jan. 17, 2012: $99,322.34 oPPrnhe;ma & Co. Inc 101 S Mumma Road Wormleysburg, PA 17043 Phone 717.763-g200 Fax 717-763-1765 Toll Free 800-722-2294 Transacts Businas on all Prindpal Exchanges The deceased also had a Nationwide Single Premium Immediate Annuity. This contract was established on 03/10/2011. The deceased had partially annuitized the above- referenced Best of America contract. She had $50,000.00 transferred from the Best of America contract into the Immediate Annuity (contract #016160510). She elected a Lifetime payout option with a 10 Year Period Certain. First monthly payment was 04/04/2011 in the amount of $352.30 gross ($327.30 net). If you need any additional information, please feel free to call me. Respectfully, r ~~~~~. Mich el G. Crouse Financial Advisor MGC/hk MEMBERS 1't P~BRAL CABDIT UNION SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner CHECKINCzACCOUNT: 313436-00 09/07/2007 $1, 767.42 $.12 $1,767.54 None Account Number/Suffix 313436-11 Date Account Established 09/07/2007 Principal Balance at Date of Death $1,995.88 Accrued Interest to Date of Death $.00 Total Principal and Accrued Interest $1,995.88 Name of Joint Owner None CERTIFICATES OF DEPOSIT: Account Number/Suffix 313436-04 Date Account Established 09/OS/2011* Principal Balance at Date of Death $10,589.43 Accrued Interest to Date of Death $1.70 Total Principal and Accrued Interest $10,591.13 Name of Joint Owner None *Rollover from certificate 313436-43, originally established 02/05/2011. VISA ACCOUNT: Account Number Date Account Established Principal Balance at Date of Death Name of Joint Cardholder 4833880000026654* 1 vos/2oa7 $86.58 None *Contractual Pledge of Shares. Estate of: SYLVIA W. HARDMAN Date of Death: 01/14/2012 Soclal Security Number: 185-28-2481 EMB RS 1ST FEDERA CRE~I~N~ION ~~-~c-"~ Danielle A. Kline Lending Insurance Support Specialist February 9, 2012 5000 Louise Drive P.O. Box 40 Mechanicsburg, Pennsylvania 17055 (800) 283-2328 wwwmembersls~org e MEMBERS in FsnawU.cxenrr UNIDN PRIMARY OWNER: SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established PAIGE M. WEAVER 36031400 6/25/2009 $70.83 $.01 $70.83 Sylvia Hardman 06/25/2009 E BERS 1~sTQF~E~D~E L CRED NION Danielle A. Kline Lending Insurance Support Specialist February 9, 2012 Estate of: SYLVIA W. HARDMAN Date of Death: 01/14/2012 Social Security Number: 185-28-2481 5000 Louise Drive P.O. Box 40 Mechanicsburg, Pennsylvania 17055 (800) 283-2328 wwwmemberslstorg • MEMBERS 1'~ F~BRALCRSDff UMON PRIMARY OWNER: SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued Interest to Date of Death Total Principal and Accrued Interest Name of Joint Owner Date Joint Ownership Established DREAM A. WEAVER 372205-00 11/19/2009 $191.03 $.01 $191.04 Sylvia Hardman 11 /19/2009 M B RS 1sT FEDERAL REDIT ION Darnelle A. Kline Lending Insurance Support Specialist February 9, 2012 Estate of: SYLVIA W. HARDMAN Date of Death: 01/14/2012 Social Security Number: 185-28-2481 5000 Louise Drive P.O. Box 40 Mechanicsburg, Pennsylvania 17055 (800) 283-2328 wwwmembersls~org Estate Valuation Oppenheimer & Co., Inc. Account No. A09-0009075 Date of Death: 01/14/2012 Valuation Date: 01/14/2012 Processing Date: 03/16/2012 Shares Security or Par Description High/Ask Low/Bid 1) 4693.3 Cash (CASH) 2) 2423.964 NWEEN INVT TR V (NPSAX) PFD SECS CLA Mutual Fund (as quoted by NASDAQ) 01/13/2012 3) 170.849 PUTNAM HIGH YIELD TR (796762101; PHIGX) SH BEN INT A Mutual Fund (as quoted by NASDAQ} 01/13/2012 Total Value: Total Accrual: Total: $93,215.81 Estate of: Estate of Sylvia W. Hardman Account: 31663-0001 Report Type: Date of Death Number of Securities: 3 File ID: Hardman - Oppenheimer Acct Mean and/or Div and Int Security Adjustments Accruals Value 9,693.30 15.39000 Mkt 15.390000 7.92000 Mkt 7.420000 37,304.81 1,267.70 $43,215.81 $0.00 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricinq Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) Estate Valuation Oppenheimer & Co., Inc. IRA Account No. A87-0904595 Date of Death: 01/19/2012 Estate of: Estate of Sylvia W. Hardman Valuation Date: 01/14/2012 Account• 31663-0001 Processing Date: 03/16/2012 Report Type: Date of Death Number of Securities: 6 File ID: Hardman - Oppenheimer IRA Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 74.61 Cash (CASH) 74..61 2) 7069.809 AIM GROWTH SER (AMKBX) INVSC MDRT ALL B Mutual Fund values reported to NASDAQ 01/13/2012 10.52000 Mkt 10.520000 79,379.39 3) 333.125 AMERICAN MUT FD (027681105; AMRMX) COM Mutual Fund (as quoted by NASDAQ) 01/13/2012 26.29000 Mkt 26.290000 8,741.20 4) 226.377 CAPITAL WORLD GROWTH 6 INCOME (140593109; CWGIX) COM Mutual Fund (as quoted by NASDAQ) 01/13/2012 32.59000 Mkt 32.590000 7,377.63 5) 392.701 WASHINGTON MUT INVS FD INC (939330106; AWSHX) COM Mutual Fund (as quoted by NASDAQ) 01/13/2012 28.86000 Mkt 28.880000 9,897.20 6) 149 NUVEEN QUALITY PFD INCOME FD 2 (670720105; JPS) COM New York Stock Exchange 01/13/2012 8.18000 8.05000 H/L 01/17/2012 8.16000 6.07000 H/L 6.115000 Div: 0.055000 Ex: 01/11/2012 Rec: 01/15/2012 Pay: 02/01/2012 + 0.055000 8.170000 1,176.48 Total Value: $101,691.51 Total Accrual: $0.00 Total: $101,691.51 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) ~ nvo~ C:U # `~ I vJ~ ~~. ~