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Home My WebLink About01-08-1315D5610143 REV-1500 ~` (02-"''~' PA Department of Revenue nns Ivania OFFICIAL USE ONLY Bureau of Individual Taxes ~ y county coda veer File Number OWARTMENT aF IIlV[NUE PO 60X.280601 INHERITANCE TAX RETURN 21 11 1066 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 10 09 2011 03 O1 1911 Decedent's Last Name Suffix Decedent's First Name MI STUART GRACE S (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 1. Original Return O 2. Supplemental Retum ^ 3. Remainder Retum (Date of Death Prior to 12-13-82) 4. Limited Estate ^ qa. Future Interest Comppromise (date of death after t2-12.82) ^ 5. Federal Estate Tax Retum Re wired 9 ® g. Decedent Died Testate (Attach Copy or will) ® ~ e~ader~t Maintained a Living Trust ~At at he Copy of Trust) 1 8. Total Number of Safe Deposit Boxes ^ 9. Litigation Proceeds Received ~ 1 p, b~otweeri PQvg~Cee~dlt jDat@~ t Death 2 3t i tl l 95 ^ 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 ARNOLD 8 KOGAN 71 ~ 2 3 4 4~ 1 ~ ~ First Line of Address 4250 CRUMS MILL ROAD Second Line of Address PO BOX 6991 Ctty or Post Office HARRISBURG State ZIP Code PA 17112 corresponden 's -mail address: aDK(mQOlgDer9K~ItZman.COm Under penalUe wry, I deGare t I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, co mplete. areUon of preparer other than the personal representative Is based on all Information of which preparer has any knowledge. SIGNATLIRF F P AC. mop c rnn o. ~.~...,rr. ~...~ _. James Allan Stuart III SIGNATURE OF DATE ADDRESS ` ~ .. ~ y ~~ Goldberg Katzman PC, 4250 Crums Mill Road, Suite 301, Lower Paxton, PA 17112 Side 1 THAN PA r~r R~ISi~F VS U~ s~ILY ~ 1~ r`- W-.l ti~ ~` c-~ _-Q _. ~ .. ~ DAT LEDU7 ~` Arnold B Kogan L 1505610143 1505610143 J ,, i,-~/ PA Inheritance Tax Return Signature of Additional Fiduciaries ESTATE OF FILE NUMBER Stuart, Grace S 21-11-1066 Under pena8ies of perjury, l declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge arxi beNef, R is true, correct and complete. Declaration of preparer other than the personal representative is based on all informatbn of which preparer s any edge. Siunature #2 / ~. Name Address1 Address2 city, state, zip Date •- cn.aa ~ u.s ..mac Mn E Stuart 1818 N. Lakeshore Drive Chapel Hlll, NC 27514 /-y-/3 1505610243 REV-1500 EX Decedent's Social Security Number Decedent: Neme: Stuart, Grace S RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 4 , 2 6 9 . $ 4 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3. 4. Mortgages i~ Notes Receivable (Schedule D) ........................................................ 4. 5. Cash, Bank Deposits i~ Miscellaneous Personal Property (Schedule E) ............... 5. s. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous -Probate Property (Schedule G) ~ Se ar t Billi R d p a e ng equeste ............ 7, 2 90 , 000.00 8. Total Gross Assets (total Lines 1 through 7) ........................................................ 8. 2 94 , 2 69.54 9. Funeral Expenses and Administrative Costs (Schedule H) .................................... 9. 64 , 415.81 10. Debts of Decedent, Mortgage Liabilities and Liens (Schedule I) ............................ 10. 11. Total Deductions (total Lines 9 and 10) ................................................................ 11. 64 , 415.81 12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. 22 9 , 853.73 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. 22 9 , 853.73 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 911 s (a)(1.2) X .00 15. 0.00 16. Amount of Line 14 taxable 229 853.73 at lineal rate X .045 r 1s. 10 , 343.42 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18. 0. 0 0 19. TAX DUE ................................................................................................................ 19. 10 , 343.42 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 1505610243 1505610243 J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-11-1066 DECEDENT'S NAME Stuart, Grace S STREET ADDRESS 2424 Lincoln Street CITY STATE ZIP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 12,122.16 3. Interest 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2, Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. Make Check Payable to: REGISTER OF WILLS, AGENT. (3) 10,343.42 12,122.16 (4) 1,778.74 (5) PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :............................................................................... b. retain the right to designate who shall use the property transferred or its income :.................................. c. retain a reversionary interest; or ............................................................................................................... ^ x 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?....... Ox 4. Did decedent own an individual retirement account, annul or other non- robate ro e ......... ty~....... P P P rty 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 January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0 percent p2 P.S. §9116 (a) (1.2)]. . The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 P.S. §9116 (a) (1)]. . The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. (1) Total Credits (A + B) (2) Rev-1g0~ EX+ (g-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS ~ BONDS ESTATE OF FILE NUMBER Stuart, Grace S 21-11-1066 All property Jointly-owned with right of survivorship must be disclosed on Schedule F. ~., ~•~.,•a °M°w is ncauvu, auunivnal pages or me same s¢e) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule 6 (Rev. 6-98) Rsv-1510 N7(+ (08-08) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TA% RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Stuart Grace S 21-11-1066 This schedule must t>e completed and filed if the answer to eny of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBER DESCRIPTION OF PROPERTY THE DATE OF TRCAFNSFER.SATTACFI ACOPY OF THE DEED FOR REAL ES ~ E. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE 1 2424 Lincoln Street, Camp Hill, PA 17011 -Single 290,000.00 290,000.00 family dwelling. Owned solely by Decedent's living trust. Deed dated August 13, 1996, Record Book 144, Page 560. TOTAL (Also enter on Line 7, Recapitulation) I 290,000.00 (If more space is needed, additional pages of the same size) Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 08-09) REV•1151 EX+ (10-09) COM~N~~D~FECE~J~~AN IA SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Stuart, Grace S 21-11-1066 ITEM DESCRIPTION AMOUNT A. FUNERAL EXPENSES: See continuation schedule(s) attached 122.70 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) James Allan Stuart III Street Address 3507 North Front Street City Harrisburg state PA zio 17110 Year(s) Commission Paid 2012 3,000.00 See continuation schedule(s) attached 2. Attorney's Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zin Relationshio of Claimant to Decedent 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 61,293.11 See continuation schedule(s) attached TOTAL (Also enter on 11ne 9, Recapitulation) 64,415.81 Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-09) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Stuart Grace S 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Harrisburg Cemetery Association -Association fees. 122.70 H-A 122.70 Personal Representative Commissions 2 James Allan Stuart, III -Executor's Fee -Check No. 185 dated 8-14-2012 drawn from Merrill 1,000.00 Lynch Account 3 James Allan Stuart, III, son, by check no. 156 dated 06/15/12 -Executor's fees. 2.000.00 Drawn from Merrill Lynch Account. H-B1 Other Admi i t ti 3,000.00 4 n s ra ve GoQte American Radon Solutions -Work performed at 2424 Lincoln Street, Camp Hill, PA 980.00 5 Bitner Electric -Work pertormed at 2424 Lincoln Street, Camp Hill, PA 1,256.14 6 Bitner Electric -Work performed at 2424 Lincoln Street, Camp Hill, PA 186.67 7 Bitner Electric -Work performed at 2424 Lincoln Street, Camp Hill, PA 104.00 8 Bitner Electric -Work pertormed at 2424 Lincoln Street, Camp Hill, PA 1,085.46 9 Boscovs -Miscellaneous expense for 2424 Lincoln Street, Camp Hill 60.64 10 Boscovs -Miscellaneous expense for 2424 Lincoln Street, Camp Hill 60.39 11 Camp Hill Sewer -August service to 2424 Lincoln Street, Camp Hill (Quarterly Payment) 165.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF Stuart Grace S FILE NUMBER 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 12 Camp Hill Sewer -October service to 2424 Lincoln Street, Camp Hill (Quarterly Payment) 165.00 13 Central State Overhead Door -Repair garage door to 2424 Lincoln Street, Camp. Hill 458.00 14 David Nye -House maintenance and construction (2nd Installment for repair of roof) 3,710.00 15 David Nye -House maintenance and construction (final installment for roof). 3,710.00 16 David Nye -House maintenance and construction (1st installment for repair of roof) 3,710.00 17 David Nye -House maintenance and construction 7,450.00 18 David Nye -House maintenance and construction 1,400.00 19 David Nye -House maintenance and construction for 2424 Lincoln Street, Camp Hill, PA. 1,540.00 20 Dennis Stover Appraiser -Appraisal of 2424 Lincoln Street for death tax purposes 375.00 21 Essis 8~ Sons -Carpeting for 2424 Lincoln Street, Camp Hill, PA 100.00 22 Essis 8ti Sons -Carpeting for 2424 Lincoln Street, Camp Hill, PA 356.00 23 Fehl Awning Company, Inc. - Repair to 2424 Lincoln Street, Camp Hill, PA. 29.68 24 Giant -Household supplies for 2424 Lincoln Street, Camp Hill 10.56 25 Giant -Cleaning supplies for 2424 Lincoln Street, Camp Hill. 20 12 26 Good's Tree Care -Tree and stump removal at 2424 Lincoln Street, Camp Hill, PA 1,517.00 27 HB McClure -HVAC work performed at 2424 Lincoln Street, Camp Hill, PA 85.00 28 HB McClure -HVAC work performed at 2424 Lincoln Street, Camp Hill, PA 679.54 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF Stuart, Grace S FILE NUMBER 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 29 Jeny Sweeten Lawn Care - May 2012 lawn care for 2424 Lincoln St., Camp HIII 714.44 30 Jerry Sweeten Lawn Care -June 2012 lawn care for 2424 Lincoln St., Camp Hill 330.72 31 Jerry Swseten Lawn Care -July 2012 lawn care for 2424 Lincoln St., Camp Hill 59.36 32 Jerry Sweeten Lawn Care -August 2012 lawn care for 2424 Lincoln St., Camp Hill 332.84 33 Jerry Sweeten Lawn Care -September 2012 lawn care for 2424 Lincoln St., Camp Hill 168.54 34 Jerry Sweeten Lawn Care -October 2012 lawn care for 2424 Lincoln St., Camp Hill 159.00 35 Jerry Sweeten Lawn Care -November and December 2012 lawn care for 2424 Lincoln St., Camp Hill 404.92 36 JoAnn Fabric -Curtains for 2424 Lincoln Street, Camp Hill 20.25 37 K-Mart -Products for 2424 Lincoln Street, Camp Hill, PA 17 79 38 Karns Prime 8 Food -Household supplies for 2424 Lincoln Street, Camp Hill 23.71 39 Karns Prime 8 Food -Household supplies for 2424 Lincoln Street, Camp Hill 25.80 40 Midtown Paint 8~ Hardware 24 77 41 Mike Biediler, Inc. -Work performed at 2424 Lincoln Street, Camp Hill, PA 415.00 42 Mr. Sandman -Hardwood flooring repair to 2424 Lincoln St, Camp Hill 1,322.50 43 Mr. Sandman -Hardwood flooring repair to 2424 Lincoln St, Camp Hill. 1,322.50 44 Mr. Sandman -Hardwood flooring repair to 2424 Lincoln St, Camp Hill. 1,242.50 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Stuart, Grace S 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 45 Mr. Sandman -Hardwood flooring repair to 2424 Lincoln St, Camp Hill -balance due 1,242.50 46 Neil Osmun -carpentry -Storm door shimmed, closet door repaired, miscellaneous 195.00 47 Neil Osmun -carpentry -Miscellaneous 69.00 48 Penn Waste -June 2012 waste disposal for 2424 Lincoln St, Camp Hill 48.75 49 Penn Waste -September 2012 waste disposal for 2424 Lincoln St, Camp Hill 48.75 50 Penn Waste -December 2012 waste disposal for 2424 Lincoln St, Camp Hill 44.55 51 Pennsylvania American Water -June 2012 water service to 2424 Lincoln Street, Camp Hill 41.99 52 Pennsylvania American Water -July 2012 water service to 2424 Lincoln Street, Camp Hill 57.43 53 Pennsylvania American Water -August 2012 water service to 2424 Lincoln Street, Camp Hill 29.28 54 Pennsylvania American Water -September 2012 water service to 2424 Lincoln Street, Camp 29,Y8 Hill 55 Pennsylvania American Water -October 2012 water service to 2424 Lincoln Street, Camp Hill 28.53 56 Pennsylvania American Water -November 2012 water service to 2424 Lincoln Street, Camp 29 46 Hill . 57 Pennsylvania American Water -December 2012 water service to 2424 Lincoln Street, Camp 30 39 Hill . 58 Pier 1 -Miscellaneous furnishings for 2424 Lincoln Street, Camp Hill, PA. 24.02 59 Pipe flx - at 2424 Lincoln Street. 175.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Forth PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Stuart Grace S 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 60 PPBL -June 2012 electric service to 2424 Lincoln Street, Camp Hill 51.35 61 PPBL -July 2012 electric service to 2424 Lincoln Street, Camp Hill 96.50 62 PP&L -August 2012 electric service to 2424 Lincoln Street, Camp Hill 85.73 63 PPS:L -September 2012 electric service to 2424 Lincoln Street, Camp Hill 49.28 64 PPBL -October 2012 electric service to 2424 Lincoln Street, Camp Hill 45.41 65 PPB<L -November 2012 electric service to 2424 Lincoln Street, Camp Hill 40.57 66 PP8~L -November 2012 electric service to 2424 Lincoln Street, Camp Hill 42.40 6T Register of Wills Cumberland County -Fee to file Inheritance return 15.00 68 Register of Wills Cumberland County -Fee to file supplemental Inheritance return 15.00 69 Ratters Lemoyne Hardware 15 88 70 Roberto Ortega -painter (2424 Lincoln Street, Camp HIII, PA) 350.00 71 Roberto Ortega -painter (2424 Lincoln Street, Camp Hill, PA) 500.00 72 Roberto Ortega -painter (2424 Lincoln Street, Camp Hill, PA) 550.00 73 Roberto Ortega -painter (2424 Lincoln Street, Camp Hill, PA) 180.00 74 Roberto Ortega -painter (2424 Lincoln Street, Camp HIII, PA) 350.00 75 Roberto Ortega -painter (2424 Lincoln Street, Camp Hill, PA) 100.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Stuart, Grace S 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 76 Sale of 2424 Lincoln Street expense -Real Estate broker's fee for sale of 2424 Lincoln Street, 16,225.00 Camp Hill, PA, as shown on Net Proceeds to Seller document. 77 Sale of 2424 Lincoln Street expense -Notary fee for sale of 2424 Lincoln Street, Camp Hill, 20.00 PA, as shown on Net Proceeds to Seller document. 78 Sale of 2424 Lincoln Street expense -Sellers Assist as shown as "Asbestos" on Net 880.00 Proceeds to Seller document. 79 Sale of 2424 Lincoln Street expense -State Transfer Tax as shown on Net Proceeds to Seller 2,900.00 document. 80 UGI -May 2012 gas service to 2424 Lincoln St., Camp Hill 69.12 81 UGI -June 2012 gas service to 2424 Lincoln St., Camp Hill 10.00 82 UGI -HVAC Services 52.00 83 UGI -HVAC Services 52.00 84 UGI -November 2012 gas service to 2424 Lincoln St., Camp Hill 80,82 85 United States Postal Service -Shipping fees 45.00 86 Verizon telephone service for 2424 Lincoln Street, Camp Hill -June 2012 81.51 87 Verizon telephone service for 2424 Lincoln Street, Camp Hill -July 2012 82,gg 88 Verizon telephone service for 2424 Lincoln Street, Camp Hill -August 2012 82,gg 89 Verizon telephone service for 2424 Lincoln Street, Camp Hill -September 2072 82.81 90 Verizon telephone service for 2424 Lincoln Street, Camp Hill -October 2012 gy,81 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Stuart Grace S 21-11-1066 ITEM NUMBER DESCRIPTION AMOUNT 91 Verizon telephone service for 2424 Lincoln Street, Camp Hill -November 2012 92 Verizon telephone service for 2424 Lincoln Street, Camp Hill -December 2012 H-B7 83.24 83.05 61,293.11 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) E REY•1S1J EX~ (01.10) i '' coM i i 1€L~~r~~~wu a SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Stua Grace S 21-11-1066 RELATIONSHIP TO NUMBER NAME AND ADDRESS OF DECEDENT SHARE OF ESTATE OU PERSON(S) RECEIVING PROPERTY (Words) I~ TAXABLE DISTRIBUTIONS (include outright spousal distributions, and transfers under Seca 9116 a 1.2 1 Robin N Stuart Daughter-in-Law 3507 North Front Street Harrisburg, PA 17112 2 Ann E Stuart Daughter .50.00°~ plus 1818 N. Lakeshore Drive ;155,000 for Chapel Hill, NC 27514 advancement given to other 3 James A Stuart Son 50% less 3507 North Front Street ;155,000 for Harrisburg, PA 17110 advancement for 3507 N. Front ~ ~ Total Enter dollar amounts for distributions shown above on lines 15 throw h 18 on Rev 1500 cover sheet as a ro i II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS ementalOnly ;o.oo i 5117,297.05 5117,297.05 ~ v ~ na. yr rArc 1 11 - Crv 1 CR 1 v 1 A~ nVn-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright (c) 2010 form software ony The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 01-10) f OF ESTATE (aaa) WILL AND TRUST DOCUMENTS PROVIDED IN ORIGINAL RETURN FILED ON JULY 6, 2012 STANDARD AGREEMENT FOR T$E SALE OF REAL ESTATE ASR This form recommended and appaoved foG but not resticted m use bv. the members of Hu P~-lvsnia .4xeno~ ~fttF n r ~rna e~ ro ab, PAR TIES suY~r~(s). R ~ rsN ~+ ~ n ~ +~-~ ~ T3 e-rr t~ c~n.- sELLE~ts): ~ tti-AC~ s . s r~ a nom- . Tt~ 3 r BUYER'S MAILING ADDRESS: SELLER'S MAILING ADDRESS: PRpI'ERTY PROPERTY ADDRESS 2 ~ ~~ t.1 rr ~ O t,..r.t S j . ~' '1 '7 0 } f __ , in the municipality of t`,~~ P }t t 4..i ~{ q i~~ y ca N ,County of G.Ntrt ~t ~ ~- ~..,rty.~ ~ in the 5d~rool I3isrrict of wry, ~ j,~. t ~ , in the Commonrresith of Pennsylvania. Identification (e.g., Tax ID #_ Parcel #; Lot, Bivcl;; Deed Book, Page, Recording Date): ~ j .. ~ -- ~ +~ ~ ~ ~ ~ {~ p BUYER'S RELATIONSHIP WTI'H PA LICENSED BROKER © No Business Relationship (Buyer is eat represented by a broker) Broker (Company) ~2 s'/2 /~ r-4 i.,T' [~~..~~ t,.~ ~ Licensex(s} (Name} ~ ~4/~VL~t-y~r n.~p ~~t„i fi,,,J Company Address ~ ~,,,,,v ~ ~..{ r ~ Direct Phvzze(s) tt.~~cs~+ rv c _ ~,P, i'7A ~t s Cell Phone(s) _ ~ `f 1. - t~ ~1 Company Phone _ 1 1„ 3 -~ t 2 i Z Fax Company Fax Email Broker is: Licensee(s) is: ' Guyer Agent (Broker represents Buyer only) ~uyer Agent with Designated Agency [~ Dual Agent (Sec Dual ansllar Designated Agent box helo~3rj Buyer Agent without Designated Agency ~ Dual Agent (.Sec Dual and/or Designated Agent box below} Q Tr+r~~+on l,~icensee {Broker and Licensee(s) provide real estate services but do not represent Brayer) SELLER'S RELATIONSHIP WITH 1PA LICENSED BROKER ^ No Business Relationship (Seger is not represented by a broker) Broker (Company) _}~ O ~ n t~~© j-}y4,rtrr~ Licensee(s) (Alsme) Cr-4 ~c`-~s c.~ t ~ ~.i ~..... Company Address ~ 3 t o Ma ~c-t-T- -5't- -~*~P Hiz-~-~ IAA ~i"j~[f Company Phone 7 ~ i - ~ 41 ~ Company Fay ~-"` Broker is: eller Agent (Broker represents Sel ler only} Dual Agent (See Dual and/or Designated Agent box below) Direct Phone{s} CeIl Phone(s) ~ Z a -- ~ ~ ~ Q Fax 1n1arI ca? i4 '- c.~s E t. s a .~ ~., {'{ o..+r q ~,ap M"C~4 .L~sR Licensees) is: .Seller Agent with Designated Agency Q Seller Agem without Designated Agency ^ Dtlal Agern {See Dual and/or Designated Agent box below) ^ Transacticm Licensee (Broker and Licensees}provide real estate services but do not represent Seller) DUAL ANDJOR DESIGNATED AGENCY A $roker is a Dual Agent whoa a Broker represents both Buyer and Seller in the same transaaiion. A Licensee is a Uual Agent when a Licensee reprosentss Buyer and Seller in the salve ttansaation. All of Broker's licensees arc also Dual Agents UNLESS there are separate Designated Agents for Buyer and Seller. If the same Licensee is designated for Buyer grid Seller, the I.icsnsee is a Due[ Agent. $y sigrtiug this Agreerneat, Sayer and Seller each 9eknvwled a havla been reviaus appiicalsle. g g P lY informed of, and eonseated to, deal agency, if Buyer ~ldalsc / ASR Psge 1 of 11 Shcerlnitiai / yr Revised I/12 CaPYRIGHT gexntSYLVAT[IA AssOCIA?iON OF TQRS® y@l~ Penns sVanfe Associafian of RF.~4LT©R5 vto RSR REALTQIa. LLC 3lernayneIhive Lemoyne PA I7Q43 ~ Phena: ^67343.g4pp Fsrc 717-763-IB55 Gasrac Roduoaa ?roa~rJ wdh apFarm~ by zipCoglx 18070 Fdleerr bSJe Road, Fraser, Mkhigan 48038 www.~loLoa&.com ilnd8e3 1 ~. By ~hiS Agreement, dared t ~ - 2s. - i ~ 2 Seller hereby agrees to sell sad convey to Buyer, who agrees to pn 8se, a identified Property. ' 3 Z. PURCHASE PRICE AND DEPOSITS (I-IOj 4 {A) Purcltasc Price S - ~ ~-~ ~ f ~: ~ 4 • U J 4 5 ( ~ H ,r at a t~-4b T~}o v s A 5 ~ ~ ~ ~ , b der as o owe: 7 I. posit at signing o is Agreement; $ 2. Deposit vFithin `,_ days of the Execution Date of this Agreement: $ ~ , o u v, e a 9 3. $ l0 4, Rtmaurrng sore ~ pat at emerrt: 11 {B) All funds paid by Bayer, including deposits, wjll be paid }sy check, cashier's check or wired thnds. All funds gaid by buyer 12 within 30 DAYS of settlement, includikg funds paid at ;settlement, will be by cashier's check or wired funds, but nor by per- I3 sonal check. 14 {G') Deposits, regardless of the form of payment and the person designated as payee, will be paid in U.S. Dollars to Broker for Seiler 1s (unless otherwise stated hen: ) 15 who will rc#ain deposits in an escrow account to ormtty w app rca a ws an re atrons utstt consummatyon ar ter- 17 urination of this .4,greement. Only rest estatt brokers are required to hold deposits in aacardance with the rules and regulstions of t8 the State Real Estate Commission. Chocks tenderal as deposit monies may be held tmcashcd pending the execution of this 19 Ap~eemen#. 24 3. SELLER ASSIS'li (If Applicable) (1-10) 21 Seiler wr1l pay $ or °lo of 1'tuehase price (0 if not speci#3ed) toward ~ Buyer's costa as by fire mortgage lender, r any. Seller is only o tigatcd tq pay up to the amount ar percernage which is ~ approved by mortgage iertder. 24 +f~ SETTLEMENT AND POSSESSION (I-IO) 1~ ~ (A) Settlement Date is t --~ ~ -- ,~.~ , or before if Buyer and Seller agree, ~ (B) Settlement will oc.,,., :„ iuc wuQry whore operty s Or in an'~jacent county, uring normal tsusiness hours, unless 27 Buyer and Seller egret otik-rwise. 2S {C} A,t time of sctxlesnent, the fallowing will bepro-rated on a daily basis between Buyer sad Seller, reimbursing where applicable; 29 current taxes (see Notice Regarding Rea] Estatt Taxes); mats; interest oa mortgage assum 3t1 ptians; condominium fees and homt- owner association fees; wafer andlor sewer fees together with arty other licnable municipal service fees. All charges will be ptn- 31 rated for the period(s) covered. Seller will pay up to and including the date of settlement and Buytt will pay for alt days !ollow- 32 trig settlement, unless otherwise stated here: 33 34 {D) onveyance from a er wt -set strop e o specs warrant ess o erwrse state re: 35 36 (E) vment of transfer taxes will be ioded eq ly een uyer and Selitr unless o awtse ere: 37 38 (~ ossesston is to rv by existing eye •stca possession to a vacant 39 broom-clean, at day and time of settlemem, unless Seller, before signing this Agreeutent, has de~tttifitd in r~ziting tl~tat the Pr~c>pe~rtys 4p , is subject to a lease_ 41 {(}) If Seller has identified in writing the{ the property is sub,}ect to a lease, possession is to bt dcfivertd by deed. existi k sand 42 assigr>atent of existing Rases for rho troperty, together with security deposits and interest, if any, at day and time of settlemen~Seller 43 will not enter into arty new leases, trot extend existing leases, for t3te '~ acknowlad a txistin ~p~y without fife written consent of Buyer. Buyer will g g lease(s) by initialing the lease(s) at the execution of this Agreement, unless otherwise stated in this Agreement. 45 ~ Tenant-0ccatpied Property Addendum (PAR Form TOP') is attached. ~ 3. DATES/TI;ME LS OF THE ESSENCE (1-IO) 47 (A) Written acceptance of all parties witl be on or before; _ , Errs"" ~ $•--'rte ~ 2, 3 ~ (',Z 48 {B) The Settlement Date and all other dates and times t ens: r or perlrnsnance o any o tgations o is gteemeut art of 49 esstmee and are binding. 54 (C) The Execution Dste of this Agreement is the date when Buyer and Seller have indicated full acceptance of this Agent by sign- ing atadJor initialing it. Eor purposes of this Agreement, the narstiter of days will be counted from die Execution Daft, excluding ~ the day this Agreement was executed and including the last day of the time period. All changes to this Agreement should be ini- 53 !jaded and dated. 54 (D) The Settlement Date is not extended by any other provision of this Agreement and stray only be extended by mutual written agree- 55 mutt of the parties_ s6 (E) Certain tennis and tirtte periods are prt-printed in this Agrerxnent as a camenieitce to the Buyer and Seller. All preprinted terms G7 and rims periods are negotiable and tea ~ be ch , 58 3 arrged b3 stnlcing oat the Orin-printed t~cxt and inseTGng differ+egt terms acceptably to all parties. 59 6. ZONING {1-10) ~ Farhrre of this Agceeatent to contain the zoning classification (excxpt in cases where the property (and each parcel thereof if sabdi- Gl vidable) is zoned sorely or primarily to permit single-famiEy dweUiaas) will render this Agreement voidable at Buyer's option, and, if 52 voided, any deposits tendered by the Buyer wr71 be returned to the Buyer without any requirement for court action. ~ Zoning Classiftation: 64 Boyer Inftfals: / ASR Page Z o! II Seller Initjst / Revised I/12 Producsd with bpFams®by z1pLOgtx t807t) FiRaen MFIe Rood. Freoer, Michipen 48!726 w~rw z3oLoaex cam UntiHed 65 66 67 68 69 70 71 n 73 74 75 76 77 78 79 80 81 82 83 84 SS 86 87 88 89 90 9I 92 93 94 95 9b 97 98 99 100 101 t02 103 104 10S 106 la7 108 109 1l0 lI1 112 113 114 115 116 ll7 Its 119 1?D 121 122 123 124 125 126 I?.7 128 129 130 7. FIXTURES AND PERSONAL PROPERTY (1-10) (A) 1NCLUDEl3 in tills sale are all existing items petmaritatly installed in the Property, free of liens, and other items including plumbing; heating; radiator covers; lighting fixtures (i~luding chandeliers and ceiling fans): pool and spa equipment (including ~caveis and cleaning equipment); elecb-ic animal fencing systems (excluding collars}; garage door openers and transmitters; tcle- visian arucnnas; unpottcd slrruhbery, plantings and tries; say remaining heating and cooking fuels stored on the Property at the time of settlement; smoke detectors and carbon monoxide detectors; sump pumps; storage sheds; fences; mailboxes; wall to wall carpeting; existing window scraests, storm windows and screen/storm doors; window counting hardware, shades and blinds; awnings; built-ia air conditioaet~ built-in appiiatu-es; the rangeJoven, unless otherwise stated; and, if owned, wafer treatment sys- tems, propane tanks, satellite dishes and security systems. Also included: {B) o ou~rtg itearrs are no own a er . tact c prove r van or or more onnahon eg., water ant cystems, pmpanc tanks, satellite dishes and security systems}; {C} EXCL(IDED fixtures and items: & MO ^ WAIVED. This sale is NOT contingent on mortgage financing although Buyer may obtain mortgage financing and/or tht par- ties may include an appraisal contingency. ELECTED. A) This sale is contingent upon Buyer obtainaig mortgage financing accordimg to the followingterms: - IkSrst Mortgage an #be Property LoanAmount $ ~ 2b ~ p a 4 Minimum Term # c years ~r:sr+eu.e.d~o.~ Type of mortgage exa Kowi'! aF. ~4s.. )Qw -tie K ~e ~ ~+ ~4~e9 Loan=£o-Value (L torte: For non-FHA/VA loans LTV ratio not ter) exceed °io Mortgage lender __~.,~ ,. Z-,c y.+ E~ ri ~ 11t~-y,,,, TQD forest talc ~ . g "r a waver, uytr agrees to accept the interest rate as may be committed by the mortgage lender, not tc exceed a ma~cimum interest rate of 3 . ~' °!a Discount points, loan origination, oan p acarient and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance premiums or VA funding fee) not to exceed % (0°fo if not specified} of the mortgage loan. Second Mortgage on the Property LoailAmount $ 11+1; imum Tents years of mortgage Loan-To-Va]ue (L' raha: For non FHA/VA loans LTV ratio not to exceed Mortgage lender forest rate o; owcver, uyer agrees accept e interest rate as array be cam miffed by the mortgage leader, not to exceed a maximum interest rate of %a Discount poiti#s, loan origination, a pan piut7-Tent and other fees charged by the lender as a percentage of the mortgage loan (exclud- ing any mortgage insurance pretniutns or VA funding fee) not to creed % (0% if not specified} of the mortgage loan. i e interest rate(s) and fee(sj provisions in Paragraph 8(A) are satisfied if the mortgage lender{s} gives Buyer the right to guar- antee the interest rate(s) and fee(s) at or below the: maximum levels stated. If l~tder(s) gives Buyer the right to lock in the ittter- cst tart(s), Buyer will do so at least l5 days before Set#lemetif Date. Buyer gives Seller the right, at Seller's sole option and as permitted b}~ law and the raartgage lest s~ to contribute financially, ;wthout promise of reimbursement, to the Buyer snd/or the mortgage lenders} fo make the above mortgage term{s) available to Buyer. {C} Within days (7 if not specified) from the Execution Data of this Agreement, Buyer will make a completed, written mort- gage app~T~`on (including payment for and ordering of appraisal and credit reports without delay, at the time r+equirtd by lender(s)} for the mortgage terms and to the mortgage tender(s) idcatified m Paragraph 8(A}, if any, otherwise to a responsible mortgage lender(s) of Buyer's choire_ Bral-cr for Buyer, if any, otheru~se Broker for Seller, is authorized #u communicate with the mortgage lender(s) to assist in the mortgage loan process. (D) Buyer will be in default of this Agreement if Buyer farnislrea false information m anyone concerning Buves's fraancial and/or employment status, fails to cooperate in good faith with processing the atortgage loan application (including delay of the appraisal), fails to lock is interest rate{s) as stated in Paragrapb S(S}, or otbervtiise consent fire leader to reject, refuse to approve or issue a mortgage loan comauitrnent. (£} 1. Mortgage CaramitmentDate: y ~ ~ ~ t "3 . Upon receiving a mortgage commitment, Buyer will promptly deliver a copy of the commiinitntto a cr. 2 If Seller dots not receive a ropy of the mortgage commiunani{s) by the Mort~~age Commitment Date, Seller may t~erininate this Agreement by written notice to Buyer. Seller's right to tcrmirrate continues until Buyer delivers a mortgage commitment to Seller. Unti] Seller terminates this Agreemenn, Buyer is obligated to make agoad-faith effort to obtain motA,.gage financing. 3. Seller may terminate this Agt~eemerat by written notice to Buyer after the Mortgage Commitmetrt Date ifthe mortgage cornmitrnerit: a. Does not satisfy the terms of Paragraph 8(A), OR b. Contains arty condition nqt specified in this Agreernetat (e.g., the Buyer must stole on another property, an appraisal roust bt received by the leader, of the mortgage commitment is not valid through the Settieraent Date} that is not satisfied and/or removed in writing by the mortgage lender(s) within 7 DAYS after the Mortgage Cornmitrncnt Date in Paragraph 8(£}{1), or any extension thereof, other than those conditions that art customarily satisfied at or neat settlement (e.g, obtaining insurance, confirming employnnent). 4. If this Agreement is terminated pursuant to Paragraphs 8(E~Z) or (3}, or the mortgage loera(s} is not obtained for settlement; all deposit monies will be returned fo Buyer according to the terms of Paragraph 23 and this Agi'eemerit will be VOl'D. Buyer wiII be responsible far any costs incurred by Buyer for any inspections or certifications obtained according to the farms of this Agreement; and any costs inrt~d by Buyer for: (I) Title search, title insurance and/or mechanics' liars insurance, or any fee for cancellation; {2} Flood insurance, fine insurance, hazard insurance, urine subsidence insurance, or any f for cel- ]ation; (3) A~al fees and charges paid in advance to mortgage lender(s)- 131 Bayer iolti9rls: ~ A3R Page 3 of 11 Seller Cn" ~ ~j I2tvlaed 1/12 1'~" ProdursC with zipfam~ dr ziplogix 98070 Fitters 6911° Road. Fcaser, Nltrhlgign •98026 vim' q Untitled 132 333 134 135 136 137 138 L39 140 141 142 143 144 l4S 14fi 147 148 149 i 5i1 151 1S2 153 154 155 156 157 1S8 ls9 too 161 162 163 164 165 166 167 168 169 170 171 172 173 17A 175 176 177 17$ 179 t80 1$1 182 183 184 135 186 187 18$ i89 190 191 192 193. I94 19S 196 (F) if the mortgage lender(s), or a properly and casualty insurer providing insurance required by the mortgage lender(s): requites repairs to the Property, Buyer will, upon receiving the requirements, deliver a copy ofthe requirements to Seller. Within > DAYS of receiving the copy of the tequiraneats, Seder will notify Buyer whether Seller will make the required rtiparrs at Seller's expense. 1. if SeIler makes the required repairs to the satisfaction of the mortgage lender and/or insurer, Buyer accepts the Property and agrees to the RELEASE in Paragraph 2S afthis Agreement. 2. If Seller x'11 not make the required repairs, or if Seller fails to respond within fire stated time, Buyer will, within $ BAYS, notify Seller of Bu}+er's choice to: a Make the repairs/improvemerrts at Buyer's expense, with paclni9sion and access tz- the Property gnr~ by Seller, which will not be unreasonably withheld, OR b. Terminate this Agreement by written notice to Seger, with all deposit monies resumed to Buyer according to the terms of Paragraph 23 of this Agrocmeat If Buyer falls to respond within the time sorted in Paragraph ti(Fj(2} or fails to terminate this Agreement by written nnti~r. av ucaac~ ....+,.,..~. uw~C, buyer w~u aCCepi rye rroperty anQ agree tO the RELEASE in Paragraph 25 of this Agreement, FHAfVA, IF' APPLICABLE (G} Ii is expressly agreed that notwithstanding any other provisions of this contract, Buyer will not be obligated to complete the pur- chase of the Property described herein or io incur any penalty by forfeiture of earnest money deposits ar otherwise unless Buyer has beat given, in accordance with HUDlPHA, or YA requirements, a written statement by the Federal Housing Commissioner, Veterans Administration, ox a Direct Endorsement Lender setting forth tyro appraised value of the Property of not less than $ (the Purchase Pricy as stated in this Agrcerneat}. Buyer will have the privilege and option of pr mg wt consumrnatzon o e contract without regard ro the amount of the $pprarsod valuation. The appraised valuation is arrived at to determine ibe maximum mortgage the Departmett of Housing and Urban Development will insure. HUD does not warrant the value nor the condition of the Property. Buyer should satidy himself/herself that the price and conidition of the Property are acceptable. ~'Varning: Section 1010 of Title 18, U.S.C., Departmenrt of Housing gad Urban Development and Fed:erai Housing Administration Transactions, provides, "Whoever for the purpose of ...influencing in any way the action of such Departmcn~ makes, passes, utters or publishes any statement; knowing the same to be false shat! be fined under tole ritle or ixttprisoned not more than two years, or both." t;H) U.S. Department of Housing and Urban Development (HUD) 1~TQTICE TO PURCHASERS: Buyer's Acltnawiedgement ^ i3uyer has received the HUD Notice "For Your Proteckion: Cet a Home Inspection." Buyer understands the importance of getting an independent Name inspection and has thought about this before signing this Agrecrrreirt. Buyer understands that FHA will not pedaan a homy inspection nor guarantee the price or condition of the Property. (I) Cer#ification We the undersigned, Seller(s) and Buyer(s) party to this transaction each certify that the terms of this contract for purchase art true to the best of our lmowledge and belief, and that any other agreement orrtered into by any of these parties in connection with this aansaction is aitnchod to this Agn'eemerit 9. CHANCE IN BUYER'S FLM1IANCIAL STATUS (3-11} In the event of a change is Buyer's fuutncial status affecting Buyer's ability to purchase; 8uyer shall promptly notify Seller and lender(s) to whom the Buyer submitted mortgage application, if asry. A change in financial status includes, but is not limited to, loss Or a change in emgloymcnt; failure ar loss of solo of Buyer's home; Buyer's having incurred a new financial obligation; entry of a Judgment against Buyer. Bayer understands #haf applying for and/or incurring an additional tnancial obligation may affect Buysr'a abilityto purchase. 10. SELLER REPRESENTAT[4NS (1-1t1) (A} Radon Testing and Remediatian (See Notict Regarding Radon) Seller has no knowledge about the presence ar absence of radon unless chcck~ below: ~J 1. Seiler has knowledge that the Propeciy was Bested on the dates and by th;e methods (e.g. charcoal canister, alpha track, etc.), which prodibced the results indica#ed below: Date Type of Test Results (picvCuriesJliter orworking levels) Name of Testing Service ~-- q r e ~ ai /~~.._ 2. a er as lmowle ge Properly radon removal system 5 as low: Date Installed Type of System Provider I -- Copies a all available test reports will be de ivered to Beyer w th Agreement, ter oes not warrant too meth- ods or the rtsnitc of radon tests. (B) Status ofTVater Seller represents that the Property is served by: Public Water ^ Community ViTater ^ On--site Water ©None ^ (C) Status of Sewer Seller represents that the Property is served by: [~ Public Sewer ^ Coffisiunity Scwvage Disposal System ^ Ten-Acre Penult irxem flop sec S ^ Individual On-lot Sewage Disposal System (see Sewage Notice 1 P ( ewage Notice 2) [] Holding Tank (see Sewage Notice 3} Q Individual On-lot Sewage Disposal System in Proximity to'W'e11(see Sewage Notice l; sec Sewage Notice 4, if applicable} ^Q None (see Selvage Notice 1) ©None Avai(able/Permit Limitations in Effect (see Sewage Notice S) ~~ .~~ 297 Bayer initlala: ~!'~"~`- ASR Page 4 of TZ Revised inn Produced with z~FOrm® by ripLogix 15070 Filleen ~ Road F~aaer. Mich~ar148029 N~1NM.23oLaoccrlxn Untitled t98 (D) Historic Preservation i99 Seller is not aware of historic preseivatiaun restrictions regarding the Property unless otherwise stated here: 304 201 (E} ^ Property, or a portion of it, is preferentially assessed far tax putgoses under the following AaG(s} {sec Notices Regarding band 2oZ Use Restrictions): zo3 ^ Farmland aad Forest Land Assessmen# Act (Clean and Grcera Progrme; Act 3 ! 9 of 1474; 72 F.S. § 5490. I. at seq_) 204 ^ Open Space Act (Act 442 of 1467; 32 F.S. $ 5#l(il et seq.} ~$ ^ Agricultural Area Security Law (Act 43 of 1981; 3 F.S. §901 ct seq.) 24b ^ Other 207 (~ Seller represents as the daft Scl er s' Agreemenrt, no pu ~ improvement, cAtt inium or ameowner assoaa- 248 tion asscssrnettts have been made against the Property which remain unpaid, and that no notice by any government or public 2(?9 authority has been saved upon Seller ar anyone on Seder's behalf, iechrding entices rclatiag to violations of zoning, housing. 2t0 building, safety or fire ordinances that rammsin rincorrecied, and that Seder Imows of no condtiatt that would constitute aviola- 211 ti:on of any such ordinances that remain unca~rre~,~ted, unless otherwise specified here: 212 213 ((',) el er Wows a no o er paten#r notices me g vto abons or assessmen#s except as o ows: 214 2i5 (1•i) Access to apu ac r may requrre is~ianee o a ~ way occupancy permrt a apartment o r roe. 2is 11. WAIVER OiF CONTINCENCIES {9-05) 21.7 if this Agreement i~ contingent on Buyer'i right to inspect and/or repair floe Property, or to verify i~nsnrahility, environtmental 218 eonditidna, boundaries. certificatioas, zoning elassificatlon ar use, or any other Information regarding the Property, Buyer's 219 failure to exercise aay of buyer's options within the lames set forth in this Agreement is a WAVER of that contingency and 220 Buyer accepts the Property and agrees to the RELEASE in Paragraph Z5 of this Agreement. 221 12. INBPECTi(fNS (1-laj (see Notices Regarding Prope: ty and Envimnmenial Inspections) 222 (A) Rfghta and Responsibllitles 223 1. Seller will provide access to insurers' representatives and, as may be required by this Agremcment or by mortgage lender{s}, to 225 surveyors, municipal officials, appraisers and inspectons. All parties and their real estate licemsee(s) may attend any inspections. 226 2_ Buyer may make apre-settlerae~ watlc-through inspection of the Property. Buyer's right to this inspection is not waived by any other provision of this Agreement 227 3. Seller will have heating and all atilittes {including fuel(s)) oa for all inspectionslappraisttis. zz8 4. All inspectors, including home inspectors, arc authorized by Buyer to provide a copy of any iuspegaon Rcpori to Broker for Buyer. 229 S. Seller has the right, upon request, to receive a Prey copy of aay inspection Report from the party for whom it was prepared. 230 (B) Buyer waives or elects at Buyer's expense to have the fallowing Inspections, certificstitxrs, a.-ad irrvestigations (rofcnred to as 231 `Inspection" ar "Inspections") performed by professional contractors, home inspectors, eagtnaers, architet~ts aad other Properly 232 licensed or otherwise qualified professionals. if the same inspector is iitspectirag more than one system, the inspector must cam 233 ply with the Home Inspection Law. (See Notice Regarding the Home Inspection Law) ~ (C) For elected Inspection(s), Buyea will, within Llac Coetirageney Pcriod(s} stated in Paragraph 13(A), complete Inspe~etions, oblate any inspection Reptms ar results {referred to as "Report" ar '°Reparts"), and accept the Property, temiinate this Agreement, ar submit a 236 Written Corrective Proposals) to Seller, according 1A the terms of Paragraph 13(B). 237 HomefProperty Inspections and Eraviranmentat Hazards (mold, eta) Elected Buyer may conduct sn inspection of the Pr ' ~9 operty s structural components: roof; exterior windows and exterior Waived ~/ ~ doors; exterior siding, Exterior Insulation and Finish Systems, fascia, gutlaers and downspouts: swimming pools, hot ^,~/ 240 tubs and spas; applianrxs; electrical systems; interior aad exterior Iambi systems; heart and cool- . 741 p ng; Public sewer ng ing sY~~; water penetrniion; electromagnetic fields; wetlands and flood plain delineation; structure square 242 footage; mold and other eatviroamentsl hazards {e_g_, fungi, indoor air quality, asbestos, underground storage tanks, 243 etc.); and any other items Huyer may select If Buyer elects to have a home inspection of the Property, as defined iri 244 the Home Inspection Law, the home inspection must be peforrned by a frill member in goad standing of a nations! 245 home inspection association, or a person supervised by a full member of a national hatne ' 246 accordance with the ethical standards grad code of conduct or practice of that association, oatrspection associ~ion, in 247 or registered engineer ar architect (See Notice Regarding the. Aome Inspection Lavr) ~ ProP~IY ~~~ 2`~ Wood Iafestatton z49 _y~lerted_ _ Buyer may obtain a written "Wood-Destaoying Imsect Infestation Inspection Report" ftvrn an ~~,,ikc~j inspector certi5ed as Waived 750 / awood-destroying pests pesti~tide applicator and will deliver- it sod alt suppartirag documents and drawings provid- f at ed by the inspector to Seller. Ttae Report is to be made satisfactorq to and in compliance with applicable laws, mort 25z gage lender requirements, and/or ficderal Insuring and Guaranteeing Agency requirements. The Ins 253 limited to all readily-visibiG and accessible areas of all srttctures on the Property, except fenees_ Ifon~ Ids ~~ ~$ reveals active irafestation(s}, t3uyer, at Buyer's Expense, may obtain a Proposal from awood-destt+aying Pests s- ticide applicator to treat the Property, If the action reresis ~ 255 Insp damage from active of previous iafestation{s), Buyer may obtain a written Report from a professional contractor, home inspector or structural engineer that is IimiGed to 2.i3 structural damage to the Property caused by wood-destroying organisms and a Proposal to repair the P Water Service ~~'~ 259 Elected Buyer may obtain err Inspection of the quality and quantity of the water system from a properly licensed or otherwise Waived '-~ „_„~, / qualified wa#er/wcd testing company. If and as required by the inspection company, Seller, at Ballet's expense will ~/ 7r''- 26i Locate acrd provide access to the on-site (or individual) water system. Seller will restore tfrc 2b2 condition, at Seller's expense, prior tv settlement rh' to its previous 263 Buyer Tnitiais; ~ 1 A8R Page 5 of it Shcer tai / Revised 1lI2 Produced with zipFatn~ by ziP~a66t 18070 Frleen Mlb 3tar7d, Fraser. M~hfprn 48026 www.zfoLootr onto 1lrttilled 264 2b3 266 267 2b8 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 /286 ~/ z87 288 289 29a 291 292 293 294 295 296 297 298 294 300 301 302 303 304 303 306 307 308 309 310 311 312 313 3i4 315 31b 317 318 319 320 32I 322 323 324 323 326 327 328 329 330 331 Radon Elected Buyer may obtain a radon test of the Property from a certified inspector. The U.S. Environrneastal Proration Waived . / Agency {EFA) advises coaective action if the average annual exposure to radon is et}ual to or higher limn 0.02 ~/~~ working levels or ~ pic.oCurics/liter {4pCi/L). On-lot Sewage (If A~Ileable) . Elected Bayer may obtain an Inspection of the individual orrlat sewage disposal system from a qualified, professional Waived / inspector. If and as required by the inspection company, Scl]cr, at Seller's expense, wil! locate, provide access to, ~/'~~ and empty the individual on-lot sewage dispose] system. Seller will restore the Property to its prcvioas condition, at Seller's expense, prior to settlement: See paragraph l3{C} far more information regarding the Individual Chi-lot Sewage Inspection Contingency. Propertylnsuranee Elected Buyer may determine the insurability of the Property by making ~slication for property and casualty iasuuance for Waived f the Property to a responsble insurer, Bmlcex far Bayer, if any, otherwise Broker for Seller, may communicate with ~ / r/ the insure to assist in the insurance process_ If the Property is located in a flood plain, Buyer may be required to carry flood insurance at Buyer's expense, which may need to be ordered 14 days ar more prior to Settlement Date. Property Boundaries Elected Buyer may engage the services of a surveyor, title abstractor, or other qualified professional t0 assess the legal Waived / description, certainty and location of boundaries and/or quassium of ]awl. Most Sellexs Nava not had the Property ~// surveyed as it is not a requirement of property transfer in Permsyivania Any fences, hedges, galls and other natural or constructed barriers nsay ar may not represent the true boundary lines o#'the p,-operty, Any nam~ical represcn.. lotions of size of properly are approximations only and maybe m~'~r'ate_ Deeds, Restrictions and Zoning Elect~uyer may investigate easements, deed and us:: restrictions (including any historic preservation restrictions or ordi- Waived ~./ nances) that apply to the Property and rvvicw local zoning ordinances, Buyer may verify that the present use of the / Properly (such as in-law quarters, apartmems, home office, day care) is permitted and may elect to make the . Agreement eorningern upon an anticipated use_ Present use: Lead-Based Psiat Hazards (Rat Properties prior to 1978 an y) EleMrd Before Buyer is obligated to purchase a residential dwelling built prior to 197$, Buyer has the option to conduct a Waived / risk asscssmant and/or insperxion of the Property far the presence of lead-based paint and/or lead-based paint ham J.,~, arils unless Buyer waives that right. Kegardless of whether this inspection is elected or waived, the Residential Lead-Based Paint Hazard Reduction Act rogafres a Seller of property built priest to 1978 to provfde the Buyer with an EPA-approved lead hazards information pamphlet titled Prntect Your Famsly from Lead ire Your Home, along with a separate form, attached bo this Agrerruent, disclosing Seller's l:nawiiedge of tead- based paint hazards and any lead-based paint records regarding the Property. {See Notices Regarding Residential Lead-Based Paint Hazard Reduction Act) Other Elected J Waived The Inspections a ecte a ove not app y to e o owing ey:ssteng trans as or (A) The Contingency Period is ~ days (10 if not tnf`ied from the Execution Date of this A ~ ) greement for each Inspection elect ed in Paragraph I2(C), except e a owing: I~ospect'on(s) Contingency Period days days Sys (B} as ~n a rasa. o arty aspectxon a ecte m days ' u tinsels actory to uyer, oyez will, within the stated Contingency Period: 1. Accept the Property with the iuforntation stated in the Report(s) and agree to fire RELEASE in paragraph 25 of this Agreement, Ott 2. Terminate this Agreement by written notice to Seller, with ell deposit monies r+ebirocd to gayer according to the terms of Paragraph 23 of this A,g3reerssent, OR 3. Present the Report(s) to Seller w;#h a Written Corrective Proposal (KProposa!^) Sating saresectioss and/or. cr,~dits de~dre~ bF gayer. 'ilse Proposal may, but is not required to, include the namo(s) of a pmperiy licensed or qualified professional(s) to perform the cot= rectians requested in the Proposal, Provisions for payment, including retests, and a projected date for completion of the correc- tions. Buyer agrees that Seller will not be held liable for corrections that do not comply with mortgage lender or governmental zequiremerrts if performed in a worknurrtlike ma„ner according to dse tarns of Buyer's Proposal a No ]aterthaa days (i ifnat specified} from the cad of the Contiingen¢y Period(s), Seller will inform Buyer in writ ing that Seller wt {1) Satisfy all the terms of Buyer's Proposal(s), OA {2) Not satisfy all the tests of Buyer's I'mposat(s). b. If Seller agrees to satisfy the terms of Buyer's Proposal, Buyer accepts dsc Property and agrees to the: EASE in Paragraph 25 of this Agreement c. Within days (2 if not specified) of the receipt of written notification that Seller will nut satisfy all °s Bnyrr Initials:, , , ! ~ ASR Page t5 of I1 @evised V12 Seller Ini ! Produced w~t1 ?1pFG~ by Z~1e.ogi% l96F0 FYEBen M8e Read, Fraser, A~cflig~ -080?B www,zto[.aahe coin Untitled 332 Proposal, or the time stated is paragraph 13{Bx3)(a) if Seller fails to choose either option in writing, wtiehever occurs 333 first, Buyer wt71: 33¢ (l) Accept the Property with the information stated is the R 335 Agreement, OR oPO1'~s) and agree to ffie RfiLEASB in Paragraph 25 of this 33b (2} Terminate this Agreement by written notice to Seller, witfi all deposit monies returned to Buyer according to the terms 337 of Paragraph 23 of this Agreement, OR 338 (3) Eater into a mutually acceptable written agreement with Seller, providing for any repairs or improvements to the 339 Property anQlor any credit to Buyer at settlement, as acceptat-le to the mortgage lender, if any. 3'~ if Buyer fails to respond within fire time stag in Paragraph 13(B)(3)(c) or folio to terminate this Agreement by 34I written notice to Seller withlo that time, Buyer wi[l accept the Property and agree to the RELEASE in Paragraph 342 25 afthis Agreement 343 (C) if a Report reveals the need to expand or replace the existing individual on-lot sewage disposal system, Soler may, within 344 days (25 if not specified) of receiving the Report, submit a Proposal to Buyer. The Proposal will include, but not be ltmtt ta, the 345 name of tare company to perform the expansion or tcplacetneni; provisions for payment, including retesla• and a projected com- 346 pletion date for corrective measures. Within S DAYS of receiving Seller's Proposal, or if no Proposal is provided within the 347 sated time, Buyer v-~ill notiij~ Seller in writings Buyer's choice to: 348 i. Agree to the terms of the Proposal, accept the Property and ages to the RBi,EASE in Paragraph 25 of this Agrrcmetti OR 349 2. Terminate ttris Agreement by written notice w Seller, with all deposit monies returned to Buyer according to the terms of 350 Paragraph 23 of this Agreement, OR 351 3. Accept the Property and the existing system and agree to the RELEASE in Paragraph 25 of this Agreement, if rcgnired by any 352 mortgage leader and/or any govcrnmeatal authority, Buyer will correct the defects before settlernom or within the time required 353 by the mortgage lender and/or govemmerrtal authority, at Huyer's sole expense, with pernuisasion and. access to the Property given 354 by Seller, which Wray not be unreasoaab!<y withheld. T;f Seller denies Buyer permission and/or actxss to correct the defects, Buyer 33$ may, widua 5 DAYS of Self's denial, terminate this Agrcancttt by written notice to Seller, with ati deposit monies returned 356 to Buyer arc r~`3i `g to the terms of Parag-~ph 23 of this Agreement. 357 If Bayer faits to respond within the time stated in Paragraph l3(Cj or fails to terminate this Agreement by written notice 358 to Seller withut that time, Buyer will accept the Property and agree to the RELEASE is Paragraph Z5 afthis Agreement. 359 14. NOTICES, ASSESSMENTS AND ]HUNI CIPAL REQiJIREMENT5 (1-ltl) 3b0 (A) In the event any notices, atcluding violations, and/or assessments are received after Seller has signed this AgreCnzeni and before 36i settlement, Seller will within S DAYS of receiving the notices and/or assessments provide a copy of the notices and/or assess- 3~ menu to Buyer anti will notify Buyer in writing that Seller will: 363 1. Fully comply rkitlt the notices and/or assessmetts, at Sealer's expense, before settlement. if Seller fully complies with the 364 notices and/or assessmems, Buyer accepts the Property and agrees to the RELEASE in Paragraph 25 of #his Agreement; OR 3~ 2. Nat comply with the notices and/or assessments, If Seller chooses not #o comply with the notices and/or assessments, or fails 3~ within the stated time to notify Buyer whether Seller will comply, Buyer will notify Seller in writing within a DAPS 3b7 drat Buyer will: 368 a. Comply with the notices and/or assessments at Buyer's ~e~e, accept the Property, and agree to the RELEASE in 3Sg Paragraph 23 of this Agreemert, OR 370 b. Terminate this Agreement by written notice to Seller, with all deposit monies returned to Buyer according to the terms of 37l Paragraph 23 of this Ageemettt. 37Z if Brayer fob to respond within the time stated in Paragraph ~4(A)(Z) or fails #o ruminate this Agreement by written aotioe 373 fo Seller within that rime, Brayer will accept tit a Property and agree to the RELEASE in Paragraph ZS of this Agreement 374 (B) if regaated by Saw, within 34 DAYS $am the liYCCatian Dafe of this Agretimerrt; but in no case iattr than ZS DAYS prior 375 to Settlement Date, Seller wil o at Seller's expense a certification from the appropriate municipal departm s disc osing notice 3T6 of ally uncorrected violations of zoning, housing, building, safety or fire ordinances and/or a certifica#e permitting occupancy of the 3n Property. Lf Buyer receives a notice of any required repairs/fmprovements, Buyer will promptly deliver a copy of the notice to Seller. 378 i. Within S DAYS of receiving notice from the muniripatity that repairs/unprovements era required, Seller wilt deliver a 379 copy of tfie notice to Buyet and notify Buyer in writing that Seller will: 381 a. Make the required repairs/improverr~ems to the satisfaction of the municipa7aty. if Seller snakes the required repairs/improvements, BBuyer acccptsthe Property and agrees m the RELEASE is Paragraph 24 of this Agreemen>; OR 382 b. Not make the required repairs/improvemcnis. if Seller chooses not to make the required ~epairs/improvements, Buyer will 383 notify Seller in writing within 5 DAYS that Buyer will: 384 {1) Make the repairs/improvements a uyer's expense, with permission and acoess to the Property gives by SeII~, which 385 will not be unreasonably withheld, OR 386 {2) Terminate this Agreement by v~ritren notice to Seller, with ai] deposit monies returned to Buyer according to the terms 387 of Paragraph 23 of this Agreement. 388 If Boyar sails to respond wi#hia the time stated in Paragraph 14iB)(>ixb) ar fags to terminate this Agreement by 389 written notice to Se13es within that time, Bayer will accept the Property and agree to the RELEASE in Paragraph 3~ 25 of this Agreement, and Bayer accepts the responsibility to perform the repairs/improvements according to the terms of the notice provided by the muaieipality. 3~ 2. If Seller denies Buyer permission to make the required repairsCmprovements, or does not provide Buyer acce~ before 393 Settlement Date m make the required repairs/unpmvements, Brayer may, within S DAYS terminate this 3~ written notice to Seller, with aIl de osit taonies returned to B Agreement by p uyer according to a terms o aragraph 23 ofthis Agreement. 396 3. If repaits/improvemcats are required and Seller fails to provide a copy of the notice to Buyer as required in this P ph, Seller will perform all repairs/improvemeuis as requited by the notice at Seller's expense. Paragraph I4(Bx3} wt'11 su set#I ens 397 $uyer iinitiats: ~ / ASR Page 7 of 11 St1kr ~ / `~~~>-J Revised i/L? Prodtkxd wit#t zQFon~ by ~6a 19U7t} FHfeen Mi1~ Roed, Fneaer, Nf~higan a802g ~ Untitled 398 15. CONDOMI[NIUMIPLANIYED COMMTJ1~lITY (HOMEOWNER ASSOCIATIONS) RESALE 1114TICE (Y-YO) 399 Property is NO'C a Condominium or part of a Planned Community unless chcciced below. '~ ^ CONDOMINii11~I. The Property is a unit of a condominium that is primarily run by a unit owners' association, Section 3407 of the 401 Uniform Condominium Act of Pennsylvania {see Notice Regarding Condominiums and Planted Communities) requ'rres Seller to 402 furnish gayer with a Certificate of Resale and copies of the condominium declaration (other than plats and plans), the bylaws and 403 the rules and rtgrrletions of the association. 404 ^ PLANNF.I? COMMUNITY (HOMEOWNER ASSOCIATION). Tlrc Property is part of a planned community as defined by the 405 Uniform Rlanried Community Act (sec Noiicr Regarding Condominiums and Planned Communities). Section 540?(a} of the Act ~ requires Seller to furnish Buyer with a copy of the Declaration (other than plats and plans), the bylaws, the rotes and regulations 407 of the association, and a Certifeca#e cortt'ainitrg the provisons set forth in section 54.07(aj of the Act 408 THE FOLLOWING APPLIES TO PROPERTIES THAT , :L`T OS A CONDOMINIUM OR A PLANNED COMMUNITY, 409 (A) Within 1S DAYS from the Exrcutian Date of thi ~.'~'~ement; 5clitr, at Seller's expense, will request fizRn the association a 410 Certificate o~esale and any other docum~ts noeessary io enable Seder to comply wit3a the relevant Act. The Act provides that 411 the assoeistien is required th provide these documents rrithin ! 0 days of Seller's request 41Z {$} Seller will promptly deliver to Buyer all documents rcccived from the association_ Under the Act, Seller is not liable to Buyer far 413 the failure of the association to pt•pvidc the Ce~eate in a timely manner or for any incorrect information provided by the also- 4 i4 elation iri the Certificate. 415 (C) The Act provides that Buyer may declaro this ~eement VOID at arty time before Buyex rcxeives the association documents and 416 for 5 days after receipt, OR until settlement; :whichever occurs fast: Buyer's notice to Seller must be in writing upon Huyer 417 declaring this Agreement void, all deposit monies will be returned to Buyer according to the terms of Paragraph 23 of this 41a Agreemat. 419 (D) Tf the association has the right ip buy the Property (right of first refusal), and the association oxetcises that right, Seller t}-i11 reim- 42D burse Huyer for any costs incurrcxi by Buyer for any Inspections or certifications obtained according to the terms of the Agreement, 421 gad eery costs incurred by Buyer far: (I) Title search, title insurance and/or mechanics' lien insurance, or any fee for cancellation; 422 (Z) Flood insurance, fire tnatrance, hazard it>surautCe, mine subsidence insurance, or any fee for cancellation; {3) Appraisal fees 423 and charges paid in advance to mortgage lender. 42.4 tG. TITLES, SURV•&XS AND COSTS (I-IZ) . 425 (A) The Property will be conveyed with good and marketable title that is insurable by a reputable title insurance company at the reg- 424 nine rates, free and clear of all lIcns, enclutlbrances, and easements, ezcep•f>ung however the following: existing deed restrictions; 427 historic preservation restrictions or ordinances; building restrictions; ordinances; easements of roads; casements visible upon the 428 penned; easements of record; and privilcgcs ~ rights of public service companies, if an . Y 429 {B) Buyer will pay for the following: (1) Title search, title insurance and/or mechanics' lien insurance, ar say fee for cancellation; 430 (2) Flood insurance, fuz insurance, hazard ln~-~cr, mine subsidence insurance, ar any fee for cancellation, (3) Appraisal fees 43 i and chargers paid in advance to mortgage lender; {4) Bayer's customary settlement costs and accruals. 432 (C) Any survey or svrvey~ required by the title insurance eamparry or the abstracting co am for mP Y preparing an adequate legal 433 description of the Property {or the cortoction thereof} will be obtained and paid far by Seller. Airy survey ar surveys desired by 434 Buyex or zequired by the mortgage lender will be obtained and paid for by Buyer. 435 (D) If Sella is unatsk to give good and marketable title that is insurable by a reputable title in~~rPr*+ce compeay at the rogutar rates, as 436 specified in Paragraph 16(A}, $uycr may trrm,nat~ this Ageement by written notice to Seller, with all deposit monies retuned to 437. Buyer according to the terms of Paragraph 23 of this Agteemcrt#. Upon termination, Seller wiU reimburse Buyer for any costs 438 incurred by Huyer for any inspections or ardfrcations obtained according to the terms of this Agreement, end for those items speo- 43g ified in Paragraph I ti(e) ;tans (I }, (2), ~3) and in Paragraph 16(C). 44U (>r) Oil, gas, mineral, or other rights of this Property may have been previously conveyed or leased, and Sellers make no representation about 441 the status of those rights unless indiartcd elsewhere in this Agreernerrt. •442 ^ Oil, Gan and Misieral Righrts Addendum (FAR Form OGM} is at#ashed. 443 (F) COAL NOT'IC'E (Where Applicable} 444 TH15 DOCI7MF.I~iT MAY NOT SELL, CONVEY. TRANSFER, ING7,IJDE flR INSt}RE THL• TITLfi TO TF1E COAL AND ;LIGHTS i?F SUPPORT UHI?BRNEATii 445 7~ STJRFAGE LAUD D1:SCRlHEi3 OR REFERRED TO HEREIN, AND THE 4WNBR OR OGVN£RS OF SIICH COAL MAY RAVE TEIE COMPLETE LEGAL 446 RIGHT TO RfiMOVE ALL SUCft COAL AND 1N THAT CONNECTION, DAMAGfi MAY RESULT TO THE SURFACE OF TH£ LAT1D AND ANY HO(3SE, 447 13UfLDiNG dR OTF~R STRUCTURE ON OR tt`T SUCH LANt7. (This notice is set Earth in the manna provider; in Section 1 of the Act of 448 Iuly 17, I95?, P.L. 984.) "Btryer ackJwwledges that he may not be obtaining the right of prol~eetion against subsidence resulting 449 from coal mining operations, and that lire property dcscn`bed herein may be protected from damage tine to mine subsidence by a 450 private contract with the owners of the economic interests in the coal. This acknowiedgetnent is made for the purpose of com- 451 plying with the provisions of Section 14 of the Bitnrrrinous Mine Subsidence and the Land Conservation Act of April 27, i 966," 452 Buyer agrees to sign the deed from Seller which dyed will contain the aforesaid provision. 453 (G) The Property is not a "recrrationaI cabin" as defined in the Pennsylvania Construction Cade Act unless otherwise stated here {see 454 Notice Regarding Recreational Cabins): 435 ~ This property is not subject to a PriYOte ran er 'ee © 'patron unless a erwrsc ere {see. otrce Regarding 1?rrvate ra er 456 Fees): . 457 © ~'r ate teas Er ee err um orm ) rs a 458 17. MAINTENANCE A)1'D RISK Op' LASS (1-10) 4$9 (A) Sellex will maintain rile Property. grounds, f~ures ,and personal property specifit~rlly listed in this Agreement in its present can- `-~ dition, normal wear and fret excepted. 461 {B) If any system or appliance included in the sale of Property fails before settlement, Seller will: 4~2 I. Repeat or replace the farted system or appliance before settlement, OR 463 2. Provide prompt written notice to Buyer of Seller's decision to: 464 a. Credit Buyer at serttemerrt far the fair market value of the failed system ar appliance, ag acceptable to them a dal, '~$ f. airy, OR - 466 Buyer IaiNais:~ / ~ ASR page 8 of I t Sdkr Iu / Produced Revised lfi2-~ with zipFarmBF by apLo~ 1807D FfT(een Nfae Road, Fencer. M6ch)pem 40026 ~ ±InL i,cmm Ur-tiNtd 467 b. Not repair or replace the failed system or appliance, and not credit Buyer at settlement for tine fair market value of the 468 failed system or appliance. 4b9 3. Ff Sella dons not repair a'Y replace the r'ailcd sy~ean or appliance or agree to credit Buyer for its fair market value, ar if Seiler 470 fails to notify Buyer st Seller's choice, $uyer will notify Seller in writing within 5 DAYS or before Scttlemerit Dale, 471 whichever is earlier, that Buyer will: 472 a. Accept the Property and agree to the RELEASE in Paragraph 2S of this Agreement, OR 473 b_ Terminate this Agreement by written notitx to Seller, with all deposit monies returned to Buyer according to the leans of 474 Paragraph 23 of this Agreement 475 If Bayer fails to reapand within fire font stated In Paragraph 17(Bx3) ar fans to teraiiaate this Agreement by written 476 notice to Seller within that tune, Bayer will accept the !Property and agree to the RELEASE is Paragraph 25 of this 477 Agreement 478 (C) Seller bears the risk of Ions from fire or other casualties until settlement. if any property included in this sale is destroyed and not 479 replaced prior to s~ettkment, Buyer will: 480 I. Accept the Property in its then cement condition together with the prot;eeds of any insurance recovery obtainable by Seller, Olt 481 2. Terminate this Agreement by written notice to Seller, with all deposit monies returned to Buyer act,-ording to the terms of 4>i2 paragraph 23 of this Agreement 483 i8. lidME WAIitRANTIES (1-IO) 484 AC or before settlement, tither party may purchase a horn;, warranty for the Property from a third party vendor. Buyer and Seller uader- 485 stared that a homt warranty far file Property dots not niter any disclosure retpiiremeats of Seller, will not cover or vuatrant any pttr 48b existing defects of die Pi+opesty, and .will not alter, waive or extend any provisions of ihig Agreement regarding Inspections or certifi- 487 catia®s that Buyer has elected or waived as part of this Agrectaeat Buyer and Seller understand that a broker who recomaiends a home 488 wairanty may have a business relationship with the home warranty company that provides a financial benefit to the broker. 489 I9. RECORDIiNG (9-057 490 This Agreement will not be retarded in the Office of the Retarder of Deeds or in any other office or place of public rcca~rd. If Buyer 491 causes or permits this Agreement to be recorded, Seller may elect to fecal such ace as a default of this Agreement 492 2t1. ASSIGNMEi~TT (1-id) 493 This Agreement is binding upon the parties, their heirs, personal represetitadves, guardians and successors, and to the extent a5signa- 494 ble, an the assigns of the parties hereto. Buyer will not transfer or assign this Agreement without the written consent of Seller tinless 495 otherwise stand in this Ag~ree7nent Assignment of this Agreement may result in additional transfer takes. 496 21. GOVERNllvC T.AW, VENUE AND PERSONAL JURISDICTION (9-05) 497 (,~) The validity and construction of this Agreemern, and the rights and duties of the parties; will be governed in accordance with the 498 laws of the Cotmnonwrealth of Pennsylvania. 449 (B} The parties agree that any dispute, controversy os claim arising under or in connection with this Ageemenr or its performance by 50o either party submitted to a court shall be fled exclusively by and in the state or federal courts sitting in the Commonwealth of 501 Pennsylvania Sot 22. REPRESENTATIONS {1-10) SQ3 {A) All represeritstioas, claims, advertising„ promotional activities, brochures or plans of at~y kind made by Seller, Brokers, their 504 licensees, employees, affts<rs or parpicrs arc not a part of this Agreement unless expressly incorporated or stated in this 505 Agreemenk This Agreement contains the whole agreement between Seller and Buyer, and there are no other terms, obligations, 506 covenants, representations, statements or conditions, oral or otherwise, of any kIr-d whatsoever tcxiceming this sale. This 507 Agreetneni will not be altered, amended, changed or modified except in writing executed by the parties. 508 ($) Unless otherwise stated in this Agreeiaeat, Buyer has iaapected the Property (including futures and any personal prnp- 509 erty spccifcal~y listed herein) before signing this AgrceRnent ar has waived the right to do so, and agrees to purchase fire 310 Property IN lily PRESENT CONDITItOI~i, suhj~eet to inspection coatingeneies elec#ed in this Agreement. Buyer acknawl- 511 edges that Brokers, their licensees, employees, officers or partners have not made an independent examination or deter- 512 il4ination of the structural soandnesa of the Property, the age or condition of the components, environmental conditions, 513 the permitted uses, nor of conditions eristing is the locale where the Property is situated; nor have #hey made a mechan- 514 icai inspection of any of the systeaas contained thersio. S 15 (C} Any repairs required bar this Agreetneiit vn~l be completed in a workrnatilike manner. sib {D} $roker(s} have provided ar !nay provide services to assist unrepresetifed parties in complying with this Agreernenf. 517 ~3, DEFAULT, TERIVIINATIOIY AND RETURN OF DEPOSITS {X-I;O) S18 (A) Where Buyer terminates this Agreerneat pursuant to any right granted by this Agreement, Buyer will be crRitled fo a return of s 19 sll deposit monies paid on account of Purchase Price pursuant to the terms of paragraph 23{B}, and this Agreement will be 520 VOID. Temvnation of this Agreemem may occur for other reasons giving rise to claims by Buyer and/or Seller for the deposit 521 monies, SZ2 {$) Regardless of the apparent entitlement to deposit monies, Penns;~lvania taw does not allow a Broker holding deposit monies to 523 determine who is entitled to the deposit monies when settlement does not occur, Broker can only release the deposit monies: $~ 1. If this A-~neemarsi is terminated prior to settlement and there is no dispute over etrtitiement to the deposit monies. A written 525 agreenxetit signed by bath parties is evidence that there is no dispute regarding deposit monies. 526 2. Ii; after Broker has received deposit monies, Broker receives a written agreement that is signed by Buyer and Seller, direct 527 ing Broker how to distritsute some or ail of the deposit monies. 528 3. According to the forms of a foal order of court 529 4. Accarci iztg to the terms of a prior written agreement between Buyer and Seller that directs the Broker how to disjribute the 530 deposit monies if there is ~[ dispute baiwecn the parties that is not resolved. (See Paragraph 23(C)) / 531 !gayer Initials: ! ASR Page 9 of I I Setkr ix' ' Bruised Lit Produtyed w1@7 NpParttM~J by ~P~9~ X8074 FPtean MHe Road, Ernest, HGchigmt 49026 www.aetanncmrn lJndiilecl 532 {C) Buyer and Seller agree that if them is a dispute over the cntrtlcment to deposit monies that is unresolved 365 days a#l:er 533 rite Settlement Date stated in Faragtaph 4(A}, or atry writrzn exuenslons thereof; the Broker bolding the epos~t mo'~'nt wee ill, with 534 in 30 days of receipt of Buyer's written request; di~ribute the deposit monies to Buyer unless the Broker fs in rect:ipt of verifi- 535 able written notice that the dispute is the subject of litigation. If Broker has received verifiable written notice of litigation prior 336 m the receipt of Buyer's request for distribution, Broker wilt continue to bald the deposit monies until receipt of s writxen distri- S37 button agreement between Buyer and Seller or a final court order_ Buyer mtd SeIIer are advised bo initiate litigation for xny por- 538 lien of the deposit monies prior to any distn'butioa made by Broker pursuant to this paragraph. Buyer and Seller agree that the 539 distn'bntion of deposit monies based ugon the passage of time does net legally determine er-tftlement to deposit monies, and that 540 the parties maintain their legal rights to pursue litigation even after a distribution is made. 541 (D) Buyer and Seller agree that Broker who holds or distributes deposit monies pursuant to tbe terms of Paragraph 23 or Petmsylvania 542 law will net be liable. Buyer and Sella ogre that if any Broker or affiliated licensee is named in litigation regarding deposit 543 monies, fine attorneys' fees and costs of ifte Brokers} and licecssec(s) will be paid by the party naming them in litigation. 544 (E} Seller has the option of retaining alt sums paid by Buyer, including t}te deposit monies, should Buyer; 545 1. Fail to make any additional payments as specified in Paragraph 2, OR 546 2. Famish false or incomglcte information tQ Seller, Brokers}, or any other patty identified in this Agreement concerning 547 Buyer's legal ar financial status, OR 548 3. Violate or fail to fulfil! and perl'arat a~+ ether term3 or eoaditioas of this Agreement 549 {F} Unless otherwise checked in Paragraph 23(G), Seller may elect to retain those sums paid by Buyer, including deposit monies: 554 1. Oa account of purchase prit:e; OR 551 2. As rnonles to be applied to Seller's damages, OR 552 3. As liquidated damages for such default: 553 (G)~c, SEF,LER IS LiMTTED TO RETAINING SUMS PAiD BY BUYER, INCLUDING DEPOSTT MONIES, As LIQumATED X54 DAMAGES. 555 {H) If Stller retains all sums paid by Buyer, including deposit monies, as liquidated damages pursuant to Paragraph 23(F) qr (G), 556 Buyer and Seller are released from further liability or obligation sad this Agreement is VOID. 557 {l) Brokeas and licensees are not responsinle for unpaid deposits. 558 24. MEDIAT110N (i-t0) . S59 Buyer and Seller ~i submit sil disputes or claims that arise from this Agreement, including disputes and claims over deposit marries, 560 to ntediatian. Mediation will be conducted in accordance whit the Rules and Procedures of the Home Sellershiome Buyers Dispute Sbl Resaludon System. unless it is not evadable, in which cast Buyer and Seller will rriedistc according to the terms of the mediation sys- 562 tern offered ar endorsed by the local Association of R£AI,TORS~. Mediation fees, contained in the mediator's fee schedule, will be 563 divided equally among the parties and will be paid before the mediation castferratcx. 'This rnediatinn process must be concluded before 564 nay party to tfte dispute may initiate legal proceedings in any courtroom, with the acceptian of filing a summons if it is necessary tQ 565 stop any staiuoc of limitations from e~iring. Any agreement reached through mediation and signed by the pafies will be binding (see 566 Notice Regarding Mediation). Any agreement to mediate disputes or claims arising from this Agreement will stmrive settlement 567 Z5, RELEASE {3-05} 568 Buyer releases, quit claims and forever discharges SELLER, ALL BROKERS, their LICENSEES, EMPI~OY]EES sad any 569 OFFICER or PARTNER of any one of them acrd any other PERSON, 1<IRM or CQRPORATIOt+f who may be table by or 570 through therm, from any and all claims, leases or demands, including, but not limited tq personal injury and property dam- 571 age and all of the consequences thereof, whether known or not, which may arise from the presence of termites or other wuod- 572 boring insects, radon, lead-based paint hazards, mold, fungi ar indoor air finality, environmental hazards, any defects i'u the ST individual on-tat sewage disposal system or defieieucies in the ors-site water service system, or any defects or conditions an the 574 Property. Should Seller be iu default under the terms of this Agreement or in violation of any Seller disclosure law or reguis- 575 tion, this release does not deprive Buyer of any right to pursue nay remedies that may be avat7able under law or equity. This 576 release will survive settlement. 577 26. REAL ESTATE RECOVERY FUND (9-OS) . 578 A Real Estate Recovery Ftmd exists to reimburse any persons whrt have obtained a final civil judgment against a Permsyivania tea! 579 estate licensee (or a licensee's affiliates) owing to fraud, misr'epreserttatioa, or deceit in a rral estate transaction and who have been 580 unable to collect the judgment after exhausting all legal and equitable remedies. For complete details about the Fiord, call (717) 783- s8i 3658 or {840} 822 2113 {within Pennsylvania) and (717j 783-4854 (outside pennsylvauia}. 582 27. COMMiJNICATIONS WTFH BUYER AND/OR SELLER {1-10) 583 Wherever this Ageemem contains a pmvlsion chat requires ar allows commimicationldelivery to a Buys, that 584 provision shall be satis- fied by comrriurtiartion/delivery to the Broker for Bayer, if any, euept fur documents required to be delivered pursuant tv 585 Paragraph 15. If there is no Broker for Buyer, thane provisions may be satisfied only by eommunic~tionldelivery being made direct. 586 ly to the Buyer, unless otherwise agreed to by the parties. W'hertwer this Agreement contains a provision that requires or allows com- 587 munication/delivrry to a Seller, that provision shall be satisfied by cammunicatitm/delivery to the Broker for Seller, if aay_ if there is $~ no Broker far Selltr, those provisions may be satisfied only by communicationfdelivcry being made directly to the Seller, unless other- $~ wise agreed to by the parties. 596 2R SPECIAL CLAUSES (l-IO} 591 (A) The foibwing are part of this Agreement tf checked: 592 ^ Sale & Settlement of Other Property Contingency Addendum (PAR Fenn 5SP) 594 ^ Sale dr Seriiement of Other Property Contingency with Right to Continue Marketing Addendum {PAR Form SSP-CM} ^ Settlement of Atha Property Contingency Addendum (PAR Form SOP) 595 ^ Short Salt Addendum to A 596 gttiement of Sale (PAR Form SHS} 597 a Appraisal Contingency Addendum (PAR Porrn ACA) 598 ^ 599 600 Bayer iaitix]s: ~ /~ ASR Page 14 of 11 Seller t ' ' ! Revised 1112 P~Cduood with zlpFd'nt®bY z~l.ndix 18070 f=iReen Mile Read. Fraser, Ntichge~ 46028 ~..zid:oacc cwn Urrtitted 601 (B) Additional Terms: b02 603 604 60~ bOb 607 608 609 610 611 b1z 613 6I4 615 bib 617 618 Buyer and Seller acltaawledge receipt of a copy of this Agreement at the time of signing 619 This Agreement may be executed in one or more counterparts. each of which shall be deemed to be an original and wbiich coon- 620 terparb togethra' shat2 constitute one and the same Agreement of the Parties. 621 NOTICE TO PARTIES: WHEN SIG1V~'D, THIS AGREEMENT T$ A BINDING CONTRACT. Parties to this transaction are b22 advised to consult a Pennsylvania real estate attorney before signing if they desire [egaE advice. " ~ Return of this Agreement, sad any addend: and amendments, including return by electronic transmission, bearing the signatures b24 of all parties, constitutes acceptance by the parties. ~ ~ Buyer has received the Consumer Notice as adopted by the State Real Estate Commission at 44 Pa. Code §35336. ~7 ~~ Buyer bas received a statement of Buyer's estimated closing costs before signing this Agreement. ~ Buyer has read and understands the notices and explanatory information in this Agreement. 630 ~/~Bcryer bas received a Seller's Property Dlsctosare Statement before sigaiag this Agreemeu#, ff required by Iaw {see Informat'an Regarding the Real Estate Seiler Disclosure Law), ~ 1 ,~ / Buyer has received the Deposit Money Notice {for cooperative sales when Broker for SeIkr is holding deposit 63~ rnoaey) before signing tins Agreement. 633 ~ / Buyer has received the l.,ead-Based Paint Hazards Disclosure, which is attached td this Agreemen# of Saie, sad ~ the pamphlet Protect Yaur Family from bead in V our Rome (for properties built prior to i97>3) 635 Bi7'L'ER b35 BUYER __ ~~K;11 ~s~~ ~.J-~~ b37 BUYER 638 Seiler bas received the b39 Seller has received s st 640 SeIIer has read and 641 SELLER _ ~ 642 SELLER b43 SELLER DATE I ~ Z ~} f i DATE ~~ ~ 2-~ ~ Z DATE er Notice as adopted by the State Real Estate Commission at 49 Pa. Code § 35336. of Seller's estimated cbsing vests before stgning ibis Agreeuterrt the no nd explanatory information fh ibis Agreement rus~tt- ASR Page 11 of I I Prnduaed with z~Form® 1Re~Cd I/12 by zlpLogbc 18070 Fa7leen M8s Road. Fraae , ~ch®an 48028 w~,a~o~x. eom DATE !~ ZI~~i DATE I,Zl3/~Z DATE Uatified NOTICE REGARDING COl•IVICTED SEX OFFENDERS (MEGAN'S LAW) The Pennsylvania Gcncral Assembly leas passed kgistation (often referred to as "Megan's Law,~ 42 PaC.S. § 9791 et seq.) providing far eommtueity nntiiication of the presence of certain convicted sex offenders. Buyers are encouraged to contact the municipal police departaaent or the Peansylvaaia State Police for fniormatian relating to the presence of sex offenders near a particular property, ar to cheer: the informttifln ore ffie Peanaylvania State Police Web site at wwrrpamegansiaw.atate.pa.us, FOREIGN IiNVESTMIP.NT IN REAL PR©PERTY TANG ACT QF' 198A (FIRPTA) The disposition of a U.S. real property interest by a foreign person (the transferor} is subject to the Foreign Investmetst in Real Properly Tax Act of 1980 {FIRP'i'A) income tax witlihoIding. FiRP to authorized the United States to tax foreign persons on dispositions of U.S. real property interests.'fhis includes but is not limited to a ale or exchange, liquidation, redemption, gift, transfers, etc. Persons ptuchasittg U.S. real property interests (transferee} from foreign persons, certain purchasers' agents, and s~tlexnerrt officers are required to withlwid 10 peseent of the amount realized (special rules for foe+eign corporations). Withholding is intended to ensure U.S. taxation of gains realized on disposition of su~rh interests. The transfcreclBuyer isthe withholding agerrt_ [f you are die transfcree/Buyer you must fend out if the transferor is a foreign person. If the transferor is a foreign person and you fail to withhold, you may beheld liable for the tax. NOTICE REGARDING REAL ESTATE TAXIES (Paraioe~aph 2: Purchase Price cad Deposits) Real Estate Tax Preratian: For purposes of prorating real estate taxes, the "periods covered" by the tax bills are as follows: Mnuicipal Taxes: For all counties and municipalities in Pennsylvania, tax bi11s are far the period January t to December 31. School Taxes: For all school districts, other than the Philadelphia, Pittsburgh and Scranton school districts, the period covered by the tax bill is July 1 to June 3Q. For the PhiIadctphia, Pittsburgh and Scranton school districts, tax bills are for the period January 1 to Daember 31. Real Estate Assessment: [n Peemsyivanis, taxing authorities (school districts and municipalities} and property owners may appeal the assessed value of a property at the fine of sale! or at any #ime thereaftcr_ A successful appeal by a taxing authority may result in a higher assessed value for the property and an increase is property taxes. Also, periodic county-wide property reassessmeer#s may change the assessed value of tilt property and result is a change in property tax. NOTICE TO BUYERS SEEKING MORTGAGE FINANCING {Paragraph S: Mortgage Con#iageeecy) The appraised value of the Property is used by tenders to determine the maximum amount of a mortgage loan. The appraised value is determined by an independent appraiser, subject to the mortgage larder's underwriter review, and may be higher or lower than the Purchase Price and/or mark:.t price of the property. The Loan-Ta-Value Ratio (LTV} is used by lenders as one tool to help assess the potential risk of a mortgage loan. LTV is deisnmined by dirKding the requested loan amount by either the Purchase Price or the appraised vahie of the property, whichever is lower. A particular LTV maybe necessary to qualify for certain loans, or Buyers might be required to pay additional fees if the LTV exceeds a specific level. NOTICE REGARDING TRIfTH. IN LENDING {Paragraph S: Mortgage Contingency) The Mortgage Disclosure Improvement Act regriires mortgage larders to provide Buyer with a Trade in Leading ('I'IL} statemerrt at the time of mortgage applicsiian (early disclosure} and anytime thereafur (re-disclosure) if the annual percentage rate (APR} changes by more Aran .12~ percent Settlement canxiot Decor within 7 days of the early disclosure or within 3 days of rerdisclasurc, If a re-disclosure of a T1L starernent is made within 3 days of the Scttlemerrt Daze in the Agr~emcnt, settlement for the Property would have to occtu- after the Settlement Data stated. Buyer and Seller are advised that t~ APR may change by more than . i?5 percent based on factors including, but not lienibed to, Boller credits, changes is loan amowrt or duration, and Settlement Date change. If the Buyer and Seller agree to modify the Settlement Date is response to the TTL stataneat waiting period, or for any other reason, it should be dor-a by lnuiual written agreement of the parties. Bayer lnitiala: BackoiPxEe L Revised 7117 Seller laftla ~ IlrmRi Jed Produced with zipFortn®byzlpL~c ieeto F'~Eteen emie Roaq Fraser. tWdilpaat X0'28 SEWAGE NOTICES {Paragraph 10: Seller Relsreseatations) NOTICES PURSUANT TO THE PENIYSYI.VANIA SEWAGE FACII,ITIF,~S ACT NOTICE 1: THERE l5 NU CURRENTLY EXISTING COMMUNITY SEWAGE SYSTEMAVAILABLE F'OR THE SUBJECT PROPERTY. Section 7 of the Pennsylvania Sewage Facilities Act provides that rw person shall ir>staii. construct, request bid proposals for constnLCtion, alter, repair or occupy any building or structure far which an individual sewage system is to be instailcd, without ftrst obtaining a pemvt Buyer is advised by this notice that, before signing this Agreemezrt, Buyer should contact the total agency cdLtrged with administering the Act to detarrniae the procedure atsd requireu~cnts for obtaining a permit for an individua! sewage system. The total agency charged with administering the Act wip be the municipality where the Properly is located ar that municipality working eooperdtively with others. AIOTICE 2: THIS PROPERTY IS SERVICED BY AN INDIVIDUAL SEWAGE SYSTEM INSTALLED UNDER THE TEN ACRE PERMIT EXEMPTION PROVISIONS OF SECTION 7 OF THE PENNSYLVANIA SEWAGE FACILITIES ACT. (Section 7 provides that a permit may no# be required before instaliiag, constructing, awarding a contract for construction, altetyng, repairing or connectingto an individual sevuage system where 8 ten-acre parcel or lot is subdivided fratn a parent tract after January 10, 1987). Beer is advised that soils and site testing were not co~uci~d and that; should the system malfunction, the owner of the Property or properties serviced by the system at the iirne of a malfunction may be held liable For airy panta~mirtAtion, poQurion, public health hazard or nuisance v-~ich occurs aS a result NOTICE 3: THIS PROPERTY IS SERVICED BY A HOLDING TANK (PERMANENT OR TEMPOIt4RY) TO WHICH SEWAGE IS CONVEYED BY A WATER CARRYING SYSTEM AND WH[CH IS DESIGNED AND CONSTRUCTED TO FACILITATE ULTIMATE bLSPOSAL OF TIME SEWAGE AT ANOTHER S1TE. Pursuant to the Femisylvania Sewage Facilities Act, Seller must provide a history of the annual cost of maintaining the tank from the date of its instalLitian a Decenber 14, 1995, whichever is later. NOTICE 4: AN INDIVIDUAL SEWAGE SYSTEIK AAS BEEN INSTALLED AT AN ISOLATION DISTANCE F'IiOIK A 'WELL. THAT IS L~S.S THAN THE DISTANCE SFECXRLED BY REGULATION. The regulations at 25 Pa Code §73.13 pertaining to minimum har;zontal isolation distances provide guidaace_ Subsection (b) of §73.13 states that the minimum hori~ntal isolation distance between an individual water supply or water supply system suction lint and treatment ranks shalt be 50 feet. Subsection {c) of §73.13 states that the horizontal isolation distance between the individual water supply ar water supply system suction ling and the perimeter of the absorption area shall be It)0 feet NOTICE S: THIS L.OT IS WITHIN AN AREA IN WHICH PERMTI` LIMITATIONS ARE iN Ek'FECTAND IS SUBJECT TO THOSE LIMITATIONS. SEVYAGE FACILITIES ARE NOT AVAILABLE FOR ISIS I.OT AND COh*STRUCTION 8FA STRUCTURE TO BE SERVED BY SEWAGE FACII,ITIES 141AY NOT BEGIlV UNTIL THE MUNICIPALITY COMPLETES A MAJOR PLANNING REQUIRF.MEI*7T PURSUANT TO TRI; PENNSYLVANIA SEWAGE FACILITIES ACT AND REGULATIONS PROMULGATID THEREUNDER. Buyer Initials: ~/ _„n-~( ~ Back of Page 2 Reri:ied 7111 Setter In: ' I t~r2titlEd P~oda~ed wilh zrpForm® bVtipL,oguc 18070 Fifteen bale Road, Fnlsar Mwiapan ~mar.zloLmfxram N©TFCES REGARDING LAl\D USE RESTRiCTIQNS (Paragraph 10: Seller Representatioas3 NOTICE PURSt3ANT TO THE PENNSYLVANIA R1GHT-TO-FAR14I LAW (3. P.S, §951-95'~ The property you are buying may be lotted in an area, where agricultural operations take glatx. Pennsylvania protects agricultural resources for the production of food and agricuttural products. the law iiraits cir~cumsmnces where normal agricultural operations may be subject to nuisance lawsuits or restrictive ordinaaccs. FA1tMI,AND AND FOREST LAND ASSESSMENT ACT (CLEAN AND GREEN PROCRAA~[} (72 P.S. ~ 5490.7 et seq.) Properties enrolled in tt2a Clean and Goren Program receive preferential tax assessment. Notices Required by Seller: A Seller of Property enrolled in the Clean anti Green Program must submit ntrtice of the sale and any proposed changes in the Use of Seller's remaining carolled Property to the County Assessor 30 days before the transfer of title to Buyer. Notices Required by Sscyer: A Buyer of Properly earol3ed in the Clean and Crreen Program must submit notice of any proposed changes Boyar intends to make in the use of the Property being purcha3ed to the County Assessor at least 30 da3~s prior to undcrtakissg any changes. Loss of Preferential Tax Assessmmst: The sale of the Property enrolled in the Clean and Green Progrztm may result in the loss of program earoIhnesst and the loss of prcfetential tax assessment far the Property and/or tine lead of which it is a part and from which it is being separated. Removal tinm earollsnerstsn the Clean cad Green Program may result in the charge of roil-hack taxes and interest. A roll-back tax is the difference in the amount of taxes paid under the program and the taxes that would have been paid in the absence of Clean and Green enrollment. Theroll-back taxes are charged for each year that the Property was enrolled in the progaas, limited to the past 7 year,. Baytr and Seller have been advised of the need to determine the tax implications that will or may resulf From the sale of the Property to Sayer or that may result in the tlctnre as a result In any change in use of the Property or the Iand from which it is being separated by contacting the County Tea Assessment Ufi'jce hEfore the execution of this Agreement of Sale. OPEN SPACE ACT 32 P.S. ~ 5007 et seg. This Act etsables counties to enter into covetssats with owners of land designated as farm, forest; water supply, or open spaAC land on an adopted municipal, county ar regional plan for the purpose of preserving the land as open space. A covenant between the oR~ser and county is binding upon any Buyer of Ilse Properly doting the period of time that the covenant is in effect (5 or 10 years}. Covenants automatically renew at the end ofthc covenant period unless specific teirminaxion notice procedures arc followed. Buyer at•.lrnowlc~ges that the purchase of Property far which there is a covenant will not extinguish the cavenarrt used that s change in the use of fist land to any otlsex use other tIsaa that designated in the covenant will constitute a breach.. When a breach of the covenant occurs, the then-owner is ~requircd to pay roll-back taxes and irttetest. A roll-back tax is the ditl:'erence in the amaurst of taxes paid aasd tlse taxes that would have been paid in the absence of the covenant. The tall-back taxes arc charged for tech year that the Property was subject to the covenant, limited to the past 5 yews. Buyer bas been advised of the need to determine the restrictions that well apply from the sale of the Property bt- Buyer and the tax iusplications thatsvill or Huey result from a change in ose of the Property, or any portion of it. Buyer is further advised to determine the term of arty covenant Haw is effecK. Bnycr 7ae:;als: F,~ 1 Back of l'xga 3 ~~ TT"""`-"" Revjsed 7/ll Salter Ia" ! /Y !// Produced wNh zipFortnA byr z~-og6t 18070 FrReen fd19 Road. Prase , Midypan AgOZ6 ~ ~, Looacoom 7"-~'c' U~itled 1tiFOTICES REGARDING PROPERTY & ETiVIItONMENTAI, INSPECTIONS (Paragraph 12: Inspections) Exterior Insulation and Finish Systems (EIkS): Exterior Insulation and Finish Systems - somsdimes referred to as synthetic stucco--arc multi-layered wall systems appUed to the exterior of some homes, Poor or improper installation of EIFS may result in moisture penetrating the surface of a structure where il• may cause damage to the building's frame. Leakage most frcquectly occurs near doors and windows, gutters, the roof connection and at the lowermost edge of the exterior surfatx. Vulnerability to leakage depends on snvcttue dca-ign as well as the experi9sc and application skills of the contracts. Damage caused by water intrusion may be both cactansive and expensive to repair but may go undetet:ted in the absence of an adequate inspection. Buyers purctrasing homes with EIFS corrstructioa may seek to engage an inspector experienced in testing far EIFS-relatzd problems who c~ determine the moisture cornent of the huilding's frame. Asbestos: The heat-rtsistaat and durable nature of asbestos makes it useful in construction. The ph}~sical properties that give asbestos Sts resistance to heat and decay are tanked with several adverse health efforts. Asbestos can easily break into nticroscoplc fibers that remain suspended in the ear for long periods of time. When inhaled, these fibers easily penetrate body tissue. Asbestos is known to cause Asbestosis and various forms of cancer. lnqua~ies or requests for more irrformatiotr shout asbestos can be directed. ED the U.S. Earvironmerrtal Protection Agency, Ariel Rios Building, 1200 Pennsylvania Ave., N.W., Washington, D.C. 20460, and/or the Department of Health, Commonwtalth of Pennsylvania, I}ivision of Envit+cntmental Health, Harrisburg, PA 17120. Electromagnetic Fields: Elec~romagaetic Fields {F.MFsj occur around all electrical appliances and power lines. Conclusive evidence that EMFs pose lmalth risks does not exist at present, and Pennsylvania has no laws regarding this issue. Enviroamerttsl hazards: The U.S. Environmental ProLZCtion Agency has a li,~ of hazardous substances, the use and disposal of which are restricted by law. Generally, if hazardous substances arc found on a. property, it ix the property owner's responsibility to dispose of them property. For snore informntioa and a list of hazardous substances, contact the U.S. Environmenaa! Protection Agency, Aria Rios But7ding, 1200 Pennsylvania Ave., N_W., Washington, D.C. 20460, (202) 260-2490. ~Vetlsrtds: Wetlands are protected by the federal and state governments. Buys may wish to hire an environmental engineer to investigate whether the Property is located in a wetlands area to determine if permits for plans to build, improve or develop the property would be affected or denied because of its location in a wetlands area. Mold, Fnagi sad Indoor Air Quality: Indoor mold contamination and the inhalation of bioaerosols (bacteria, mold spores, pollen and virasesj have been associated with allergic responses including upper respiratcny congestion, cough, mucous membrame irrita#on, fever, chills, muscle ache ~ or other txansieat inflammation or allergy. Claims have been assisted that exposure to mold contaaninafion and bioaerosols has !ed to serious infection, immunosuppression and illnesses of neuro or systemic toxicity. Sampling of indoor air quality and other methods exist to determine the presence end scope of indoor contsrnination. Because individuals may be a$ecled differently, or not affected at aI[, by the presence of mold ~ other bioaerosols, Buyer may wish w engage the services of a qualified professional to undertake an assessment and/or sampling of the Property. Assessments and samplings for the presence of mold and bioacrosols can be performed by qualified industrial hygienists, engineers, laboratories and home inspection companies that offer these services. Information about indoor air quality issues is available through the U.S_ Exrvironmentat Protection Agency and may be obtained by contacting IAQ lIVFO, P.O. Box 3X33, Washington, D.C. 20413-7133, 1-800-438-4318. Ration: Radon is a natural, radioactive gas that is produced in the ground by the nomral decay of uranium and radium_ Studies indicate that extended exposure to high levels of radon gas can increase tht risk of lung c~trcer. Radon can fin$ its way into any air-space and can permeate a structure. If a house eras a radon problem, it usually can be cured by increased ventilation and/or by preventing radon entry, Any person who tests, mitigates or safeguards a building for radon in Pennsylvania must be certified by lire Department of Environmental Protrction. In#'orma#ion about radon and about certified testing or mitigation firms is available through Department of Environmental Protection, Bureau of Radiation 1'roteciioa, 13th Floor, Roche! Carson State OfEtce Building, P.O. Box $469, Harrisburg, PA 17105-8469, (800) 23RADQN or (717) 783-3594. www.cpa.gov NOTICESREGARDING RE.SI:DENTIALLEAD-BASED PAINT HAZARD 1ZEDUCTIUN ACT (Paragraph I2: Inspections) Lead--Bused Paint Hazards Disclosure Rtgviremanis (for properties bails before 1978): The Residential Lead Based Paint Hazard Reduction Act requires soy Scaler of property built before 1978 to provide the Buyer with an Epps-approved lead traiards information pamphlet titled protest Your Fmnily fit7l11r Lead ur Your Home and to disclose to the Player and rho broker{s) the known presence of lead-based paint and/or lead-based paint hazards in or on the property being sold, along with the basis used for determining that the hazards exist, the Iocation of the hazards, sad the condition of painted surf~cs. Any Seller of a pre-1978 srructwe mrtst also provide lire Buyer with any records or reports available to the Seller regarding lead-based paint and/or Iead-based paint har~rds in or about tfie p~-perty being sold, the common areas, or other residential dwellings in mu1~i-family housing. Before a Buyer is obligated to purchase a~+ housing constructed prior to 1978, the Ant requires the Boller to give the Buyer l0 days (unless Buyer and Seller ague in writing to soother rime period) to conduct s. risk assessment or inspection for the presertoe of lead-based paint and/or lead-based paint hazards. The opportunity to conduct a risk assessTrrcnt or inspection may be waived by the Buyer, in writing. Neither testing nor abatement is required of the Seller. Ho ing built in 1978 or later is sot subject to the Act Buyer Ialtials: ?~J it /~yt~ ]Back ot'Page 4 Seller / }~( l!/ l~ev;sea ~n t ~~ Producstl v~ zlpForm®bY apLogix t ao. 0 tiReen Mde Road, Fraser. l~tkM9an qap~ www.zi oahc~ U~rtitled LEAD WARNIlYC STATEMENT (FOB PROPERTIES BUILT BEFORE 1978] Every purchaser of any interest in residential real propeaty on which a residential dwelling was built prior to 1978 is notified that such ProP~y ~Y Prestnt exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning; Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotietrt, behavioral problems, and impaired rnrmory. Lead poisoning also poses a particular ris]r to pregnant womon. The Seller of nay interest in residential real property is required to provide the Buyer with any information on lead-based paint hazards from risk assessments ar inspections tII the Seller's possession and notify the Buyer of any known lead~ased paint hazards. A risk assessnsent or inspecfion for possible lead-based paint hazards is recommended prior to purchase. . NOTICE REGARDING THE HOM1L INSPECTION LAW {68 Pa. C.S.A. §7501, et seq.) {Paragraph 12: Inspections) Appligbilttp: The Home Inspecxion Law applies to "residential real estate transfers," dc1med as a sale, exchange, itsstallment sales contract, lease with an optian to bun,, ~ or other transfer of an interest in real property where NOT LESS TARN ONE AND NOT MORE THAN FOUR RESIDENTIAL DWEL),1NG UNITS are involved. (See 1Votice Regarding The Real Estate Seller Disclosure Law (exceptions 1-8) for a list of exceptions to this general rule.) The following definitions are taken from rise text oftlse Home Inspection Law 1€Iome Inspection: Anon-invasive, visual examination of some consbination of the mechanical, electrical or plumbing systems or the structural and essential components of a residential dwelling designed to idcrstify material defects in those systems and compaaents.. and performed for a fee in comsectian with ar preparation for a proposed ar possible residential real estate transfer. 'The terra also includes any consultation regarding the Property that is represented to be a home inspection ar that is described by any confusit-gly sitttilar Lslm The t~crns does not include an examination of a single system or component of a residential dwelling such as, for example, its electrical or plumbing system ar its roof. The term also does not include an examination that is limited to inspection for, or of, one or mare of the following: wood-destroying Insects, undergrotmd teaks and wells, septic systems, swiratrting pools and spas, alarm systems, air and water quality, ttnnis courts and playground equlPment, pollutants, toxic chemicals and environmental hazards. 'The scope of s home inspection, the services to be pe~brmed cad the systems and conditions to be inspected or excluded from inspection may be defined by a contract between the home inspector and the client. Horne inspection Report: A written report on the results of a home inspection, A home inspection report shall include: (1) A description of the scope of the inspection, including without limitation an identification of the structural elements, systems and subsystems covered by the report (2) A description of arty material defects noted during the inspection, along with any recommendation that certain experts be rotained to determine the extent of the defects and any corrective action that should be takers. A "material defect" that poses an unreasonable risk to people an the property shat! be conspicuously identified as such. A home inspector shall not express either orally ar in writing an estimate of the cast to repair any defect found during a home inspection, eccept that such as estinsatc maybe included in a home irsspectiott report if: (1) the report identifies the source of the estimate; (2} the estimate is stated as a range of casts; and {3) the report states that the parties should consider obtaining an estimate from a contractor visa performs the type of repair involved. Seiler shaiI have the right, upon request; fin receive without charge a copy of any inspection report froa2 the party far whom it was prepared. Home inspector: An individual who perfomss a home inspecdan. National home inspectors association: Any national association of home inspectors that (l) is operated on anot-for-profit basis and is not opexated as a franchise. (Z) Has members th more than tea states, (3) Requires that a pes~son may not become a full member unless the person has performed or participated in more than 100 home inspecti d has passed a rzcognized ar accredited examination testing knowledge of the proper' procedures for conducting a home ' on. (4) Requirrs that its members comply with a code of conduct and attend continuing professional education classes as an ongoing condition of membership. home i~ motor ibex a fait member m ~~ ' ~tho~ independent investigation, on a written representation by a borne inspector drat the ~P good standing of a national Name inspection association. Material defect; A problem with a residential real property or any portion of it that would have a significant adverse impact on the vatue of the property or that involves an unreasonable risk to people on the property. The fact that a structural element, system or subsystem ' car, at or beyond the end of the normal useful life of such a structural elemerst, system or subsystem is not by itsctf a material defect. Buyer Initixla: ~ Back ot'Page S Revised 7/II Setkr €ui / Produced wiTh apFann® by 1 X70 Flheen Ede Rost Fraeer, Michigan 48026 www. oLoalz_eom Untitled NOTICES REGARDING CONDOMINIU1kLS AND PLANNED COMMUNITYES (Paragraph 15: Condominlum/Plaoaed Cammuaiiy (IlomeasvnerAssociation} Resale Notice) Definition ofa Condominlum The Uniform Condominium Act defines a "condominium" as real estate., portions of which are designated for separate ownership and the remainder of which is designated. for common ownership solely by the owners of these portions. Real estate is not a condominium unless the tmdir7ded iittCrests in the common elements are crested in the unit owners. De~fmition of a iPlaan~d Community The Uniform Planned Comrrrunity Act defines a "planned community" as roal estate with respect to which a person, by virtue of ownership of an interest in any portion of the real estate, is or may become obligated by covetsarrt, casement or agrocmert ittrposcd on the ownrr's interes# to pay any amount for real properly tastes, insurance, maintettaace, repair, improvc:mern, management, administration or regulation of any part ofthe real estate other than the portion or interest owned solely by the person. The term excludes a cooperafivc and a condominium, but a cooperative or condominium may be part of a planned cemmurrity. Foc the purposes of this definition, "ownership" includes holding a leasehold interest of morn than 20 years, including renewal options, in deal estate. The term includes non-residcutiai campground communities. Exemptions from the Uniform Planned Community Act and the Uniform Condominium Act: When a Cert~cate of Resale Is Not Required The owner of a property located within a planned community is not required to furnish the gayer with a certificate of resale under the following CirClitrtStanCe$: ' (1) The Planned Community contains no more than 12 units, provided there is na passibility of adding teal estate or subdividing units to increase the size of the Planned Community. (2} The Planned Community/Condominium is one in which all of the units are restricted exclusively to non-residential use, unless the declaration provides that the resale provisions are nevertheless to be followed. (3) The Planned CommuaitylCondominium or units are located outside the Commonwealth of Pennsylvania. (4) 'I~c transfer of the unit is a gratuitous transfex. (S) The transfes of the unit is required by court order. {6} The transfer of the unit is by the government or a governmental agency. (7} The tratLSfer of the unit is the result of foreclosure or in lieu of foreclosure. Notices Regarding Public Offering Statemettfs and Right to Rescission if Seller is a Declarant of the condominium or planned community, Seller is required to furnish Buyer with a copy of the Public Offering Statement and its amendmc~ts. For condominiums, the delivery of the Public Offering Statement must be made no later than the date the Buyer executes this Agreement Buyer rnary cancel this Agreement within 15 days after receiving fire Public Offering Statement and any amendments that materially and adversely affect Buyer. For planned coanmunitics, .the Declarant must provide the Buyer with a copy of the Public Offering Sraternent and its amendments no later than the date the Boyer executes this Agreement. Buyer may cancel this Agreemem within 7 days after receiving the Public Offering Statement and arty amendments that materially and adversely affect Buyer. NUTi€CES REGARDING RECREATIOi~TAL CABINS (Paragraph l6: Tit[e; Sarveys & Casts) The following definitions and requirements ere taken from the Pennsylvania Constructions Cade Act (35 P.S. §?210.I01 et.seq.} A 12ecrestiottal Cabin is a stractnre ~rhich is: (1} Uti(iudprincipally for rrcreatianat activity; (2} Not utilized a3 a domicile or residence for any indiv'sdual for any time period; (3) Nat utilized for commercial purposes; (4} Nat greater than two stories in height; exclud'utg basement; {3) Not utilized by the owner or any other person as a place of employmern; (6~ Not a mailing address for bills and correspondence; and (7) Not listed as an individual's place of residence on a tax return, driver's lic;eose, car registration or voter registration. A recreational cabin may tee exemp# from the provisions of the Pennsylvania Construction Code Act if: (1) The cabin is egraipped with at ]east one smoke dctcetor, one fire exxtinguisher and one carbon monoxide detector in both the kitchen and sleeping quarters; and {2) The ownes• of the cabin Sles wide the municipality either: (a) A4 affidavit otz a farm prescn'bed by the Pennsylvania Department of Labor and industry attesting to the fact that the cabin meets the definition of a "recreational cabin" in Section 103 of the Act; or (b) A valid proof of insurance for fire recreational cabin, written and issued by an insurer authorized to do business in this Commonwealth, stating first the structure meets the definition of a "recreational cabin" as defined in Section 103 of the Act. If a recreaiionat cabin is subject to exclusion from the Pattnsylvania Construction Code Act, neon transfer of ownership of the recreational cabin, written notice mast be provided in the sales agreement and the deed thaf the recreational cabin; (I) IS exempt from this Act; (2} May not be in conformance with the uniforar construction code; and (3} is oat subject to municipal regufation. }?ailurx to comply with this notice xequiremeni shall render the sale void at the option of the purchaser, it Buyer Initisis: ~ I~ Beek of Page 6 Seiler ~"~' Rerised 7/11 Pro~+cad w~h z by zipLopix 18W0 Fifteen iYRe Reed, Fraser. MichiAen 48026 Untitled NOTICES REGARDIIVG PRIVATE TRANSFER 1rEEESS (Paragraph I6: Title, Sarveys 8r Costs) In Pennsylvania, Private Transfer Fees are defirtcd and regulated in the Private Tn3risfer Fee Obligation Act (Act i of ZOl l; b8 Pa.C.S. §§ $10I, eL seq.), which defines a Private Transfer Fee as "a fee that is payable upon the transfer of an interest in real properly, or payable for the right to matte or accept the transfer, if the obligation to pay the fee or charge runs with title to the property or otherwise bands subsequent oK~ners of property, regardless of whether the fee or charge is a fixed amount or is determined as a percentage of the value of the property, the purchase price or other consideration given for the transfer." A Private Transfer Fee must bt properly recorded to be binding, and sellers must disclose the eh`istence of the fees to praspectivc buyers. Where a Private Transfer Fee is not properly recorded or disclosed, the Act gives certain rights and protcctians to buyeers_ NOTICES REGARDING MEDIATION (Paragraph 24: Mediation) HOME S)G4LERSJHOME BUYERS DISPUTE RESOLUTION SYSTEM RULES AND PROCEDURES 1. Agreement of Portia: The Rules and Procedures of the Dispute Resolution System (DRS) apply when tbe parties have in writing to median under DlLS. The written agreement can be achieved by a standard clause in an agreement of sale, an addendum to an agreement of sale, ar through separate vai#te<r agreement. Z. llnitixtie+n of Mediation: of a dispute exists, any party may start the mediation process by submitting a completed Request to Initiate Mediation DR T~*+~+yttal Fenn (Transmittal Form) to the local Associarion of. REALTOR3® (herea#ter "Administrator"). The Transmittal Form should be availabL through the Administrator's office. The initiating party shaald try to include the following information when sending the completed Transmittal Form t~ the Administrator: a. A copy of the written agrceme~t to mediatae if there is one, OR a request by the initiating party ro have the Administrator contact the othc parties to the dispute to inviu diem 13o join the mediation process. b. The names, addresses and telephone numbers of the parties involved in the dispute, including the name of evezy insurance company lcnawn U have received notice of the dispute or claim and the corresponding file or claim number. c. A brief statement of the fads of the dispuu and the damages or relief sought. 3. SeieMfion of 1Vtediator: Wrthth five days of receiving the cornpletcd Transmittal Form, the Administrator will send each party to the dispute a copy o the Transtnittsl Form sad a list of qualified mediators and their foe schedules. Each party then has ten days to review the list of mediators, cross off the name of any meditator th whom the party objects, and return the List to the Administrator. The Administrator will appoint ffie fast available mediator whs is acceptable to all parties involved. A mediaoor who has any financial or personal interest in the dispute ar the results of the mediation cannot serve as mediator to that dispute, unless al parties are informed and give their written consent" 4. Mediation Fees: Mediation fees will be divided equally among rho parties and will be paid before the mediation conference. The parties will follow the payment terms contained in the mediator's fee schedule. 5. Tune and Place of Mediation Conference: Within ten days of being appointed to the dispute the mediator will contact the parties and set the daft, time and place of the mediation conference. 'the mediator must give at least twenty days' advance notice to all parties. The mediation conference should no be more than sixty days from fife mediator's appointment to Q~c dispute. 6. Conduct of Mediation Conferencee: The parties attending rho mediation conference will be expected tat a_ Aave the; authority to enter info and sign a binding settlement W the dispute. b. Produce ail information required for the mediator to understand the issues of the dispute. The information may include relevant written materials, descriptions of witnesses and the content of their t~estimany. The mediator can require the parties to deliver written materials aac information before the dais ofthe mediation conference. The mediator presiding aver the conference: a. Will impartially conduct an atdecly settlement negotiation, b. Will help the parties define the matters in~dispute and reach a mutually agreeable solution. e. Will have no authority to render an opinion, to bind the parties to Iris or her decision, or to farce the parties to reach a sei#lememL Formal rules of evidence will eat apply to the mediation conference. ~. Representation by Coun3ei: Any party who intends to be accompanied to the mediation canfereulce by legal counsel will notify the mediator and the other parties ofthe intent at ]eas# ten days before the conferencx. S. Coafidentiali#y: No aspect of the mediation ran be relied upon or introduced as evidence in any arbitration, judicial or other proceeding. This includes. but is net limited ta, any opinions or suggestions made by any party regarding a possible settlemer~ any admissions made during the course of the mediation; any proposals or opinions expressed by the mediator; and arty responses given by any party to opinions, suggestions, or proposals. No privilege; will be affected by disclosures made in the course of the mediation. Transcripts or recordings of the mediation will not be allowed without the prior, written consent of all parties and the mediator. Records, resorts, and other documents received or prepared by the mediator or Administrator cannot be rampelled by an arbitradan, judicial, or other proceeding with the exception of an agrecrrtttrt that was reached in the course of mediation and sighed by all the parties. Neither the mediator nor the Administrator c~rr be compelled to testify in any proceeding regarding information given or representations made either in the course of the rrcdiation ar in any confidential cammnnicaiion. 9. Mediated Settlement: When a dispute is re5olvcd through mediation, the mediator will put the complete agreement in writing and ail patties will sign the writtarl agreement wititin ten days of the conclusion of the mediation conference. Every reasonable efi~prt will be made to sign the written av~cexrltnt at the end of the conference. 10. Judicial Proceedings and Immunity; NBITHER THE ADMllVISTRATQR, THE MEDIATOR, THT IVATIOMAI. ASSOCIATION CF REALTORS®, TH1r PENNSYLVANIA A5SOC1ATION of RFALTORS~i, NOR ANY oP 1T5 MEMBER BOARDS, WILL BE DEEMED NECESSARY OR TNDISPEIVSABLB PARTIES II•i ANY IUDiCIAT. PROCt~DIIdCS RELATFNG TO MEDIATION UNDER THESE RULES AxD PROCI3DURES, NOR WILL ANY OF TREM SERVING I)NDER FROCJs'DURES IiE LIABLE TO ANY PARTY FOR ANY ACT, igRflR OR OMISSION IN tY1NINECTION WI7T{ ANY SERVICE OR THE OT'ERATION OF TI3E HOME $EC, ~(7YEgg DlsptrtE R1rsoLtrtlox SYS'FEAs Buyer Inirais: / Back of Page 7 Seller Iai J RevLsea ~r~i P~redwat, ayFotm®by ttp6opix 18070 fiPtean Mlle Road. Fraser, > 48026 ~ Unfitted RTOTICES REGARDING THE REAL ESTATE SELLER Di($CiLQSURE L.4W {Page I1: Signature Page} The Real Estate Seller Disclosure Law requires that before an agreement of sale is signed, the Seller in a rzsidantiai real estate transfer must make certain disclosums regarding the property to potential Buyers is a form defined by the law. A residotltial real estate transfer is defined as a sale, exchange, insta]lrucnt sales contract, lease with an option to buy, g=ent or other transfer of an interest in real prapetiy where NUT LESS THAN ONE AND NOT M©RE 7HAN irOURRESIDENTIAL DWELLIAIG UNITS are ittvolvcd. The Law defines a number of exceptions where the disclosares do not have W tee made: ' 1. Transfers that are the rtsuh of a court order. 2. Transfers to a mortgage lender that result from a .Bayer's default and subsequent foreclosure sales that result from default. 3. Transfers from a cn-owner to one or more other ccrownets. 4. Transfers made to a spouse or direct descendant. 5. Transfers between spouses that result from divorce, legal separation or property settlemeQt. b. Transfers by a corporation, partnership ar other association to its shareholders, partners rn other equity owners as part of a plan of Iiquidatian. 7. Transfer of a property to be demolished ar everted to non-residential use. $. Transfer of unimproved real property. 4. Transfers by a fiduciary during the administration of a decedent estate, guardians32ip, conservatorship or trust. 10. Transfers of new eonstnrction that has nave been occupied when: a. The Buyer has received none-pear warranty covering the construction; b. The banding has been inspected for compliance with the applicable building code or, if none, a nationally recogni2ed model building code; aa><rl c. 4 certificate of occupancy or a certificate of code compliance has been issued for the dwelling. 1n addition to these exceptions, disclosures for condominiums and cooperatives are limited to the Seller's particular units}. DisGbsures regarding common areas ar facrlitIes are not required, as those elements are already addressed in the caws that govern the resale of condominium and coapcrative interests. Bayer initials: Sack ot'Page S Rtrvfsed 7lI1 Produced wih s]pFortn~ byr ~08~ 18070 Fifteen little Road, FrBSer; Micfwgan 48026 wwwzioLOO6cean Seller / ~~ U~itled DoatSign Envaldpe 1E7: JBFC3EAF-449D-4248-93P,C•709~D6BF7354 RI'Pl.Y TO INSPECTIQNStR~'t3RTS A~DIIU.UM TC? 41G1~EN11~NT bl` SALE Thtsicnn reoor+vneerbtl and aVPmveufo4 bnt nat rsatriated a uw by, 9re rrtxrlbera orihe ppri+sylverrCa Aspoc~uon cr RF/al.7oR&~(aa~tl ~ PRtJ~P~RTY .a o3n .8 t c ~ >~ • l g . :7.'70.11. . 2 SELLE~t ~n~ s...~rus~ct. °;rr~;,r. . 3 BUYERg~,,.o DATE (}r ~~~e~~n~ 1~fe~~r 3 ,,,,,,~A-~.2 "`"..._.. ~-"` ,.. way.. + .s........ ~.~. L._..._. "'~~ ~ ~nr1Syl~Yf(P.>~S.lgai~timq ofRF./41.'FUNS` ~ 'C6ipYRIGHT r'EfiIHSKLVAt11A AS&CfLIA'RON +Op ItEAi.7083~ 2010 7116 > uoac«r~o+~unay:;e.Pnl~+xs ar~.~.,~et ~m~x- P~ n~re~~dsa i bY~1{M.ocllir'18010FrAs~aYpgfRC~d,RaA+~,1~9t}ap21n9841s u,w:,:- k~°----~"'m RR Net f'roceegs to Seller for The following data is for information purposes only and accuracy of the figures hereinafter set forth is not guaranteed. The actual costs with respect to each trasaction will vary depending upon the circumstances. Sale Price $290,000.00 • Estimated Closing Costs Present Mortgage Balance -Loan 1 $0 00 Present Mortgage Balance -Loan 2 $0.00 Broker Fee $16,22.00 Seller Discount Points $0.00 Tax Service Fee $0.00 Notary Fee $20.00 Document ~ Deed Preparation Q ~ o a State Transfer Tax $2,900.00 ~Sbe.s~af © a ~ 8 ~0 Estimated Repairs . $0 ~ Home Warranty $0.00 Hydraulic Load Test $0.00 Locate and Pump Septic $0.00 Private Wafer Testing $0 ~ Resale Certification Fee $0.00 Overnight Fee $0 00 City Fees $0.00 Buyer Closing Costs Paid by Seller $0 00 Total Expenses ,~ o? p ~ o Z S ~ ,~ Net Proceeds to Seller ~ 0?l~9 , ~ ~~ oc) THE ABOVE PROCEEDS AT SETTLEMENT DO NOT INCLUDE PRO-RATION OF REAL PROPERTY TAXES AND RENTS, MORTGAGE LIENS, MUNICIPAL ASSESSMENTS, CONDOMINIUM CHARGES OR APPLICABLE CERTIFICATION AND/OR INSPECTION FEES. THE AMOUNTS ABOVE ARE ESTIMATES. ACTUAL COSTS WILL VARY WITH EACH PROPERTY. 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