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Home My WebLink About04-26-13 (2) � 1505610140 REV-1500 EX �°'_,°, PA Department of Revenue Bureau of Individual Taxes County Code Year�a File Number Po Box 2soso� INHERITANCE TAX RETURN 2 1 -� 0 0 8 4 8 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 0 7 2 9 2 0 1 2 0 4 1 8 1 9 3 0 Decedent's Last Name Suffix Decedent's First Name MI K U N K L E P A U L W (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW � 1.Original Return � 2.Supplemental Return � 3.Remainder Return(date of death prior to 12-13-82) � 4.Limited Estate � 4a.Future Interest Compromise(date of � 5.Federal Estate Tax Return Required death after 12-12-82) QX 6.Decedent Died Testate � 7.Decedent Maintained a Living Trust 1 8.Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) � 9.Litigation Proceeds Received � 10.Spousal Poverty Credit(date of death � 11.Election to tax under Sec.9113(A) between 12-31-91 and 1-1-95) (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number H U B E R T X • G I L R 0 Y 7 1�7 2 4 � 3 3�4 1 c u., �' r*� R�ol R OF WI�US� � t�7 -� -t7 � � � Z3 t.fl :�"J First line of address � � � � �t �''°"t A- � � :� � M A R T S 0 N L A W 0 F F I C E S a � � ..� � � Second line of address � � � � .,a� �``� ;� '� �= �.j 1 0 E A S T H I G H S T R E E T � � `~' � � City or Post Office State ZIP Code DATE�tL�ED (/ti 4 M C A R L I S L E P A ], 7 0 1 3 Correspondent's e-mail address: HGILROY(a�MARTSONLAW.COM Under penalties of peryury,I deGare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE F PERSON RESP SIBL OR FIL G RETURN DATE � ��c r � �- -l ADD ESS 430 � R VE CARLISLE PA 17015 SIG T F PA THAN REPRESENTATIVE /P�� / � d � ESS 10 EAST HIGH TREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 � 1505610140 1505610140 J �W � 1505610240 REV-1500 EX Decedent's Social Security Number �ecedent's Name: P A U L W• K U N K L E RECAPITULATION 1. Real Estate(Schedule A) . . .. . . . .. . . . . . . . . . . ... . . . . . . ..... . . . .... .. . 1. 1 5 2 0 0 0 , 0 0 2. Stocks and Bonds(Schedule B) . . .. . . . . . . . . . . . . . . . . ..... . . . . . .. . . .. . . 2. 1 5 2 4 0 2 . � l, 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . . . . . 3. • 4. Mortgages and Notes Receivable(Schedule D) .. . . .... .. . . . . . . .. . . . . . . . . 4. • 5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E)... . . . . 5. 4 0 0 2 4 3 . 9 4 � 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested . . . . . . . 6. 7 8 8 4 . 4 8 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property (Schedule G) � Separate Billing Requested . ... . . . 7. 1 8 8 6 8 3 . 2 7 8. Total Gross Assets(total Lines 1 through 7) . . ... . . . . ........ . . . ... . .. . 8. 9 0 1 2 1 4 . 4 0 `` 9. Funeral Expenses and Administrative Costs(Schedule H) .. . . ..... . . . . . . . . . 9• 7 8 5 4 8 . 4 � 10. Debts of Decedent,Mort a e Liabilities,and Liens Schedule I 10. 5 0 7 1 2 . 5 7 9 9 ( ) . . . .. . . . . .. . . 11. Total Deductions(total Lines 9 and 10) . . . . . . . ... . . . . . . . .... . . . . . . . . .. 11. 1 2 9 2 6 1 . 0 4 12. Net Value of Estate(Line 8 minus Line 11) . . .. . . . . ... .. . . . . .. . . . . . . . . . 12. � 7 1 9 5 3 . 3 6 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. 7 7 1 9 5 3 . 3 6 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 (a)(1.2)X.0 0 . 0 0 �5. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate X.0 0 . � 0 �6. O . 0 � 17. Amount of Line 14 taxable at sibling rate X.12 2 8 7 6 9 2 . 8 1 ��. 3 4 5 2 3 . 1 4 18. Amount of Line 14 taxable at co��atera�rate X.15 4 8 4 2 6 0 . 5 5 �8. 7 2 6 3 9 . 0 8 19. TAX DUE ... . ... . . . . . . . . . . . ... . .. .. . .. . ... .. . . . . . . .. ... . . ... . .. 19. 1 0 � 1 6 2 • 2 2 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT � Side 2 � 1505610240 1505610240 J REV-1500 EX Page 3 File Number � Decedent's Complete Address: 2i i2 oos4s DECEDENT'S NAME PAUL W.KUNKLE STREET ADDRESS 700 Walnut Bottom Road CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: �• Tax Due(Page 2,Line 19) (1) 107,162.22 2. Credits/Payments A.Prior Payments 70,000.00 B.Discount 3,684.10 Total Credits(A+B) (2) 73,684.10 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00 5. If Line 1+Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 33,478.12 Make check payable to: REGISTER OF WILLS, AGENT _ _ _ _ _ _ PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred: ...................................................................... ❑ ❑X b. retain the right to designate who shall use the property transferred or its income; ............................... ❑ � j c. retain a reversionary interest;or ................................................................................................ ❑ � ' d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ � 2. If death occurred after December 12,1982,did decedent transfer property within one year of death '= without receiving adequate consideration? ....................................................................................... ❑ � '': 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death? ......... ❑ ❑X 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation?.................................................................................................. � ❑ 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 3 percent[72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent � [72 P.S.§9116(a)(1.1)(ii)J.The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)J. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in ; 72 P.S.§9116(1.2)[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)j.A sibling is defined,undE 3 Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. REV-1502 EX+(01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: PAUL W.KUNKLE 21 12 00848 All real property owned solely or as a tenant in common must be reported at fair market value.Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller,neither being compelled to buy or sell,both having reasonable knowledge of the relevant facts. Real property that is jointly-owned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION 1. Real property located at 2159 Newville Road,West Pennsboro Township,Carlisle,PA,known as 35,000.00 Ta�c Parcel No.46-18-1400-016A,being described in Deed dated Apri18, 1971,and recorded at . Book A24,Page 495,and conveyed to Paul W.Kunkle,decedent herein. See attached Deed and appraisal. 2. Real property located at 403 Walnut Street, South Middleton Township,Boiling Springs,PA, 52,000.00 known as Tax Parcel No.40-30-2659-002,being described in Deed dated October 31, 1977,and recorded at Book M27,Page 583,and conveyed to Paul W.Kunkle,decedent herein. See attached Deed and appraisal. 3. Real property located at 405 Walnut Street,South Middleton Township,Boiling Springs,PA, 65,000.00 known as Tax Parcel No.40-30-2659-003,being described in Deed dated October 24, 1989,and recorded at Book G34,Page 193,and conveyed to Paul W.Kunkle,decedent herein. See attached Deed and appraisal. TOTAL(Also enter on Line 1,Recapitulation.) $ 152 000.00 If more space is needed,use additional sheets of paper of the same size. REV-1503 EX+(6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER PAUL W.KLJNKLE 21 12 00848 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. One Series E savings bond and two Series EE savings bonds 8,941.OS See attached. 2. 5,509.908 shares,AIM Growth Series,Invesco US Mortgage A,CUSIP 921129102 71,959.40 See attached. 3. 594 shares,Weyerhaeuser Co., CUSIP 962166104 13,923.36 See attached. 4. 400 shares,Coca Cola Co.,CUSIP 191216100 31,988.00 See attached. 5. 600 shares,PPL Corp.,CUSIP 69351T106 17,455.50 See attached. 6. 1460.492 shares,Prudential High Yield Fund,Inc.,CL A,CUSIP 74435F106 8,135.40 ($8,091.13+$44.27 daily dividend accrual)See attached. TOTAL(Also enter on line 2,Recapitulation) $ 152 402.71 (If more space is needed,insert additional sheets of the same size) REV-1508 EX+(11-10) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: PAUL W.KLJNKLE 21 12 00848 include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. iTEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Members 1 st Federal Credit Union, Savings Acct.No. 198069-00 3,610.74 See attached. 2. Members 1st Federal Credit Union,Checking Account No. 198069-11 4,274.72 See attached. , 3. Members lst Federal Credit Union,Acct.No. 198069-42(18 month certificate) 34,658.68 See attached. 4. Members 1 st Federal Credit Union,Acct.No. 198069-45 (48 month certificate) 40,481.97 See attached. 5. Members 1 st Federal Credit Union,Acct.No. 198069-52(30 month certificate) 66,610.95 See attached. 6. Members 1 st Federal Credit Union,Acct.No. 198069-56(Certificate of Deposit) 67,403.20 See attached. 7. Members 1 st Federal Credit Union,Acct.No. 198069-57(Certificate of Deposit) 67,404.42 See attached. 8. Members lst Federal Credit Union,Acct.No. 198069-58(Certificate of Deposit) 49,938.14 See attached. 9. Members 1 st Federal Credit Union,Acct.No. 198069-59(Certificate of Deposit) 13,456.98 See attached. 10. PNC Bank,Savings Acct.No. 51-3038-4631;($3,577.34+$0.02 accrued interest) 3,577.36 See attached. 11. PNC Bank IRA Contract No.65001016424;($7,158.22+$0.85 accrued interest) 7,159.07 Beneficiaries:Nellie and Earl Kunkle,deceased. Payable to Estate. See attached. 12. Wells Fargo Checking Acct.No. 1000324236122 1,642.15 See attached. 13. Wells Fargo Money Market Acct.No.4932-8059,cash balance 3,406.38 14. Allianz Life Insurance Company,Annuity Contract No.70448317,payable to Estate 13,621.12 See attached. 15. Allianz Life Insurance Company,Annuity Contract No.70474970,payable to Estate 21,645.96 See attached. 16. Checks from Allianz and Wachovia Securities-not cashed until after date of death 352.10 TOTAL(Also enter on Line 5,Recapitulation) $ 400 243.94 If more space is needed,insert additional sheets of paper of the same size Continuation of REV-1500 Inheritance Tax Return Resident Decedent PAUL W. KUNKLE 21 12 00848 Decedent's Name Page 1 File Number Schedule E-Cash, Bank Deposits,& Misc. Personal Property ITEM VALUE AT DATE NUMBER DESCRIPTION ' OF DEATH 17. Personal property 1,000.00 SUBTOTAL SCHEDULE E 1,000.00 GRAND TOTAL SCHEDULE E a 400,243.94 REV-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: PAUL W.KUNKLE 21 12 00848 If an asset was made jointly owned within one year of the decedent's date of death,it must be reported on Schedule G. SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A.Donna K.Baker 126 Channel Drive Friend Carlisle,PA 17013 B. C. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENT'S VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER.ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1, A. 10/2006 Members lst Federal Credit Union,Acct.No. 198069-53 15,768.96 50. 7,884.48 12 Month Certificate TOTAL(Also enter on Line 6,Recapitulation) $ �gg4.48 If more space is needed,use additional sheets of paper of the same size. REV-1510 EX+(08-09) pennsylvania SCHEDULE G DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCETAXRETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER PAUL W.KUNKLE 21 12 00848 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. DESCRIPTION OF PROPERTY ITEM INCLUDE THE NAME OF THE TRANSFEREE,THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH %OF DECD�S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER.ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 1. American National Insurance Company Annuity,No. 14284601 78,418.69 100.00 78,418.69 Beneficiaries:Benjamin D.Rutz(33.3%);Austin J.Rutz(33.3%); Aaron M.Rutz(33.3%);great nephews. See attached. 0.00 2. Aviva Life and Annuity Company,Contract No.603382AAI 63,590.85 100.00 63,590.85 Beneficiary:Donna Baker(100%);friend 3. RBC Wealth Management IRA Account No.304-05626 5,441.75 100.00 5,441.75 Beneficiaries:Benjamin D.Rutz(33.34%);Austin J.Rutz(33.33%) and Aaron M.Rutz(33.33%);great nephews See attached. 4. Jackson National Life Insurance Company, 16,467.82 100.00 16,467.82 Annuity Policy No.0059177910; Beneficiaries: Austin Rutz(50%);Aaron Rutz(50%);great nephews 5. Wells Fargo IRA Account No.4899-5287 24,764.16 100.00 24,764.16 Beneficiaries:Benjamin D.Rutz(33.3%);Austin J.Rutz(33.3%); and Aaron M.Rutz(33.3%);great nephews See attached. TOTAL (Also enter on Line 7,Recapitulation) a 188 683.27 If more space is needed,use additional sheets of paper of the same size. - REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENTOFREVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER PAUL W.KLJNKLE 21 12 00848 DecedenYs debts must be reported on Schedule L ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hoffman Roth Funeral Home 4,513.68 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Kim E.Rutz 29,879.00 Street Address 430 Hillcrest Drive City Carlisle State PA ZIP 17015 Year(s)Commission Paid: 2013 2. Attomey Fees: Martson Law Offices 31,769.00 3, Family Exemption:(If decedenYs address is not the same as claimanYs,attach explanation.) Claimant Street Address City State ZIP : Relationship of Claimant to Decedent 4. Probate Fees: Register of Wills,Cumberland County 588.50 5 Accountant Fees: 6. Tax Retum Preparer Fees: Smith,Elliott,Kearns&Company 75.00 7, Register of Wills,filing fee inheritance tax return 15.00 8. Computershare Shareowner Services-fee for lost certificates 208.60 9. Estate Valuation Reports 10.75 10. Cumberland Law Journal-advertising 75.00 11. T'he Sentinel-advertising 200.16 12. McCorkel Construction Services-house repairs 501.50� 13. Diversified Appraisal Services 1,050.00 14. RT Carey Trucking-trash dumpster service 341.36 15. Anthony DeLuca,Esquire-initial estate consultation 500.00 16. Landex Title Search 1.06 17. Copies,Title Search 5.50 18. Deed recording fee paid by Estate 62.00 TOTAL(Also enter on Line 9,Recapitulation) $ '78 548.47 If more space is needed,use additional sheets of paper of the same size. Continuation of REV-1500 Inheritance Tax Return Resident Decedent . PAUL W. KUNKLE 21 12 00848 Decedent's Name Page 2 File Number Schedule H -Funeral Expenses&Administrative Costs-B7. ITEM NUMBER DESCRIPTION AMOUNT 19. Realty Transfer Tax paid by Estate 1,041.00 20. Foremost Insurance company-homeowner's insurance pending dispostion of real estate 1,681.00 21. Robert C.Cairns- real estate taxes pending disposition of real estate 2,698.96 . 22. Debra Piper-real estate taxes pending disposition of real estate 1,181.40 23. West Pennsboro Township-expenses pending sale of real estate 500.00 24. James Hockenberry-survey of real estate 60Q.00 25. Register of Wills-additional probate 50.00 26. Miscellaneous expenses 1,000.00 SUBTOTAL SCHEDULE H-B7 8,752.36 REV-1512 EX+(12-08) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT� INHERITANCETAXRETURN MORTGAGE LIABILITIES, &LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER PAUL W.KUNKLE 21 12 00848 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Philhaven,account payable 30.00 2. Forest Park Home,account payable 3,716.96 3. Department of Public Welfare,CIS#840300571 46,965.61 See attached. TOTAL(Also enter on Line 10,Recapitulation) � 50 712.57 If more space is needed,insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: PAUL W.KUNKLE 21 12 00848 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outrig ht spousal distributions and transfers under Sec.9116(a)(1.2).] 1. Arlene M.Group Sibling 287,692.81 118 West Willow Street,Apt.A 1/2 of residue Carlisle,PA 17013 2. Benjamin D.Rutz Collateral 95,897.61 840 North Pitt Street 1/6 of residue Carlisle,PA 17013 1/3 Sch.G,Items 1,3,5 3. Benjamin D.Rutz Collateral 36,208.20 840 North Pitt Street 1/3 Sch.G,Items 1,3,5 Carlisle,PA 17013 4. Austin J.Rutz Collateral 95,897.61 1441 Dekalb Avenue,Apt.2 1/6 of residue Brooklyn,NY 11237 5. Austin J.Rutz Collateral 44,442.10 1441 Dekalb Avenue,Apt.2 1/3 Sch.G,Items 1,3,5 Brooklyn,NY 11237 1/2 Sch.G,Item 4 6. Aaron M.Rutz Collateral 95,897.60 430 Hillcrest Drive 1/6 of residue Carlisle,PA 17015 7. Aaron M.Rutz Collateral 44,442.10 430 Hillcrest Drive 1/3 Sch.G,Items 1,3,5 Carlisle,PA 17015 1/2 Sch.G,Item 4 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. jj. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed,use additional sheets of paper of the same size. Continuation of REV-1500 Inheritance Tax Return Resident Decedent PAUL W. KUNKLE 21 12 00848 Decedent's Name Page 3 File Number Schedule J -Beneficiaries-1 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE ' NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outrig ht spousal distributions and transfers under Sec.9116(a)(1.2).] 8. Donna K.Baker Collateral 71,475.33 126 Channel Drive Sch.F,Item 1 Carlisle,PA 17013 Sch.G,Item 2 ._ , _ .�..�-;-� -'_`�" LAST WILL AND TESTAMENT OF PAUL W. KUNKLE I , PAUL W. KUNKLE, a resident of 403 Walnut Street, Boiling Springs, Cwizber3.and County, Pennsylvania being of sound mind, memory and understanding, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils heretofore made by me. ITEM 1 : I direct that all my just debts, the expenses of my l.ast illness and funerai expenses be paid as soon after my decease - as the same can conveniently be dane. ITEM 2: I direct that there shall be paid out of my residuary estate all estate, inheritance and like taxes together with any interest or penalty thereon imposed by the government of the United States, or any state or territory thereof, or by any foreign government or political subdivision thereof, in respect to all property required to be included in my gross estate for estate, inheritance or like tax purposes by any of such govern- ments, whether the property passes under this Will or otherwise, excluding, however, any property over which I have a taxable power of appointment, provided, however, that no residuary beneficiary shall by reason of this provisian be denied the benefit of any deduction, credit, favorable rate of tax or other benefit which by .�. law enures to such beneficiary. .� .i'y� �� i p / A `;.. : [y�j� s � tf�r(j s s�q y/,{� . �_ `��• ��if ( \✓`i.��.1+-��y�G.i. PAtIL W. KUATKLE _1_ ,.. ; _ ,.... _ ,:. . ��,�..._;;.�:..�...�.;.,.,;��-<..�..,..�..-..r-..� .,�.,...—�...y.�,..x,,,,�. ,. ....�.w.��, . �.�..�, <.. >. .:: ,.�.,»�..,..N..�.�...��.,� ,., . ::. . ,.�,,;� :�:..-„ - �H..,:��.� LAST WILL AND TESTAMENT OF PAUL W. KUNKLE ITEM 3: I give, devise and bequeath all of the rest, residue and remainder of rr�y estate, rea2, personal and mixed, of whatsoever kind and nature, and wheresoever situate at the time of �my_ death, unto my mother, NELLIE M. KUNKLE, provided, however, tnat she survives me and is living sixty (60) days after the date of my�.death. . ITEM 4: If and in the event that my mother, NELLIE M. KUT�3KL��,. :does not survive me and is not living sixty (60) days aft�r;::tI1e .date of my death, then and in such event, I give, devise and bequeath all of the rest, residue and remainder of my estate, real, personal. and mixed, of whatsoever kind and nature, and wheresoever:�_s�ituate at the time of my death, as follows: Fifty Percent (50�) unto my sister, ARLENE M. GROUP Fifty Percen�" (50%) , divided in equal shares, unto my �_ephews, BENJA�'�fI� GROUP, AARON GROUP and AUSTIN RUTZ. ITEM 5: I herel�y nominate, constitute and appoint my sister, ��EIVE M. GRDUP, Executrix of this my Last Will and Testament, •��:full pawer to da any and all things necessary for the � .� c��3:ete administration of my estate, and direct that no bond or ot�er :surety is required of her in this or any other jurisdiction for her performance of this office. �t% '' � � ` �`�± � ��k.�+� �...'�..i• r��s't��-Ct PAUL W. KUNKLE -2- � • i �: - . :..; ...... . .. . „�... ...`�r.-� .. _ `ie..�c. . . r— .M.a.?.�_..t.+...uYn , i.n..a?..�.�r..��... .... ,` �j .,, :_:.. :._. .._-. .. .' . ,:.. .. ��'. . .. .i..:-:: . �Ni:�+...�'c=.+.+i,.a..'.�i�>.ezr*,z5a"Yn;>:1�N._ � . ... .. � . ....... .. . . . " .. . ... , ._ . . . . � . . LAST WILL AND TESTAMENT OF PAUL W. KUNKLE If and in the event that my sister, ARLENE M. GROUP, does not survive me and is not li�ring sixty (60) days after the date of my death, or does not complete her duties as Executrix, then and in such event, I hereby nominate, constitute and appoint KIM RUTZ, Executrix of this my Last Will and Testament, with full power to do any and all things necessary for the complete administration of my estate, and dir�ect that no bond or other surety is required of her in this or an� other jurisdiction for her performance of this office. ITEM 6: If any provision of this Will or of any Codicil hereto is held to be inoperative, invalid or illegal, it is my intention that all the remaining grovisions thereof shall continue to be fully operative and effective, so far as is possibl.e and reasonable. IN WITNESS WHEREOF, I, PAUL W. KUNKLE, the Testator, have to this my Last Will and Testament, typewritten on four (4) consecutively numbered pages, subscribed my name and affixed my � seal this -�`��day of October, 1989. :� , .; �-`+��...u..�� j � .��,.f� y" (SEAL) -3- �� + • `-'°_;••� ' , . .. , . ' � � , . • . . , . _ ... . . .:.. ' i ' . . • , w.x.S.. . � , Ilw�!NW.~N.MbMr�r h. T�rw. AM M IN�-�A/e��M�M lMls.l4t�e�i�t . . I .. � ' ' . . . . � . . . . . ' ' ., . � ,' � .. . 1 � , . � .� � • � • ' : � f �• � JIlAD�Tllls^ � g'� . ds� a/ April tw tAs y�ar , � ! . . o/o�r Lord eKS tAowssd x��Au�dred aevenLy•one. . , J ' , . . � .RETW�I�N MINNIE�3. �IIHNESTOCK, widox of West Penasboro To.anship� . � � t � Cumberland Couri�y, Pennsylvania� party o� tih• firat part� � . > , . . � . _ � . , . .. . � , , � . . , � ,. , . ' G+�lo��. . �. � � '! and PAUL W. KUNKLE, sirigle a,an, of Soath Middleton Toxnship� � �� ' .Cumbedand County, Pennsyl�ani�►� party ot Lhe second parL, • . , . � . . � � . ; - � � Cm�ttec : � � • , ' ' � 1VITNESSETX,tka,t ix e�►naideralion oJ ' � f . Nine Thousand ($9�000.00) - -- ---------------------•--•----DoUnrr, . i . ln JYa�d paid.tho nceipt whcreo/u Jker�6y ackno�nledped,tlea aaid prantor do es AaraLy p�+sKt . � : s�d omvcy to tAo aaid pr+sxt�a , hia heirs and assigns � �. -. ALL Lhat certain tracti ol.la�d aituate ia West Pennsboro ToNns��p,� , � . . Cumberland County, Pennsrl�ania. bounded and described aa tol3.orva: ' ' � � BEGINNING at a point in Lhe center of the i►till Creek Road, ,' � : .� � � � � opposite a t'ence posti aL corner of the said Road ahd land noN or . . . � , � � i'ormerly ot Lewia Brymesaer; thenee EastNardly along the line oP � . : � � ; • land of aaid Lewia Brymesser, a diatance of 85'teet•to an iron pin 0 • ' • � � at corner of land now or rormerly ot Edward G, Bloser and Betty Jane � , � J ' , Eckhard; thence Southwardly along the latiter land� Lhrough an iron . � � � . . � pin between the garage on the land herein conveyed and an outside � � . � . � ' LoileL on the laad nor+ or formerly o!' said Bloser and Eckhard, 148.5 ?� . -� . . . � ., . I � � feet, more or lesa, to en iroe► pfn; Lhence Soathoastwardly� rurining � i �� , . ; ' � along Lhe insids ot a concrete curb� 15.5 feet tio an iron pin on ths � '� ; � . , . • . I y • northern side or the C,arlisle �o Newville Road; thence iVestwardlr , 1 ' , � ;. . �4 ;. r, � • along the latter line, 9� teet to the eenter line of the Mill Cre�k .: � � � �I ' Road aforesaid; tihencs Northwardly along the center .line of aaid �� Road, 165.5 •f�et� more or leas� 'to the Place of Beginning; boing� . �'� ; I . � I '. , impro�ed.with a trams s�ore buildin6� and Prame garage. _ .r • . • . , � . � � � . . ' . • . ' n • � � � � . � � � . eoo�24�� 495 � . (� � �; . . . � . . � � � . . , . , , . 1.1.. . . �C � , ��.� 1 �� . . ( o� . • . , _. , , • • • r , . • , ' ' • �. i • . , . • : . � � f __,_:.__._.�._._. . . �.__...,,------......._ .._. : ..._...._... ._ . . . . , .� . �• . , • ' ' . ,•.� ' � . . �ING Lhe aame propertr which ras con�ey�d to William H. • � , � - � Fahnestock and Minnie 3, Fahneetock, his xite, bp deed ot Q�lair D. ' � Paxton and aa le A P � � y . axton� dated �pril 2$� 1955, and recorded in• : . • ., the Otfice ot the Iteaorder�ot D�ed� iti at�d�.�c�r Cumberland Countr • . . ; . in Deed Hook J, Vol.'16, P�ge 42$. : . • • � " . The said William H. Fahnestock died Mar 2g, 1968, thua vestiag � � . • the �ntire tiLle� by oparation ot la��in hia xidow, Minnie S. ; • � ' Fahnestock. � __ . � , . � • . .. i�',�r,�.j.^--.�� ; .' �' ,y f . . n . n�: �i v , C'y. ' Q) , � . , / , � ..�, • , (c�,- .I�-::,, .••�/f-ri �* %� }''--,._...I f � ''' � ., � �M/A��•�.�....• •��• � ,.� ��. � � Cu�nL. C�., P�. Sehool Diat.Cumb,Co.,F'a .��?`�, I�✓ , ' , ,; . . � �� „ , ��Rwl E�w�Te��iN T� i 1 �wl id�T�+inhr in ' , . , . ' �� , u. �' ( . . � .►M •�i��i• �� J� y�il��•�i -..k�r�G . . . � �.• ; � � I "I '%/' -F��''�.. . .,... , . . . , �, l'L,��l .�� ,-�. . , , '•�" .1,,,�,/ . _ . �.�,.�..o..a.�.c.�.�►.�. n o..�.a.o�.w.,,,,. �- . . � � . � • • . 1 ' . ... . 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' ' • • ' . ; . . � ' AND tAs aii pra+�tor Aersbfr oo++enaxt a s�ei apres s tbst she � ai�!wsrna�e gsnerallr��y ��"'r�. . .. � . � � . ,, ; . � . � . � . , . � . � ' , : . , . , ', . . . . , • , ; � � � . . , , . � A ' - A � . . .. � �,I . . ... � C I�1 O . . . . . . . . . •-� . .. . . . . �. � , . ... ��m00 ' � � . �. �. . ' . � . . • '� � Y',TyAp � .. . � . .,. . � , . . . . , . � � � � . . .. .. . • ��A M�� . ' * . � . � � . . . ' . � .' ' . ,' ' ' . .� �� . . . .. .. � �r �0+�1� • . . . . : . . . . �h, xao� �� , , • ;_�= ; , +�v�w� . � �r.!� . . . , � • � • � . . : � � � . • • . . . IN WITNBSS tiYBEREOF,asid at�atxtor Aas kerr�nto�st he1' �a�td axd sea! , . . � �dsy s�d yoar�iri!abovs wrr�ittte�. . . � � � . � � ��J�aLlii t S6AL . i . . •�r�.p•.u�.r p.u.a.� . nn e . es o c ' ' 'Y UI�jlsne�n rt � ass� . � � � . � � f . . • , . . ' BZ�L . � , ' • } . , r. ...�.+�.�...�� ..�.......+....�....�.- qAL ( • . . ,, � ' . . . . 1 . � : r !" • . , f � Stsls oi PENNSYLYANiA a.. . , ' Cwrnty o/ CU MBERLAND � .� � • On tku�the �'� day o/ April �1�71 .bcJo*e aic, � tk�w�dentpned o�icsr,per+o+w1lv cppearod Minnie S. Fahnestock knowri to Me�o'r,ae�,taeto*�ty r++o�►e+�,t to b.exe r�r.o+► w1w+s tuems is iubacri6�d to tl�c �� wteMn t�.MaKC�t,s�d aela�o�u�sd tAbt ahs � sncuted aa�e�Jor tbe parp�al�e. .1Cg�::v i . . e.��a. . • :;.'`�+'-'��.�+�'�i�';�;�f�: I JN W1TNF�.4 WX1�"SZ'OF,I AersK+elo kt n►y Aa�d and o�icial�tat. � :..+� . ;�;.t; . . .,..�.��.. .. • .I4�C".."�.�' S ••� ss�►L�r; • . . �,�...• �:? .,S'.-�.,� � • � � .�tya►rx...P.�►b?,.i.c.._._. �'•��''��'�. , ....._..�..::....: ,« T1tI�oJ��r� � . . . � M�r commisalon expiras 2/23/72 � � � , . , � • ! . , • ' ! ' . • . i I . . j do Aereby ctrit/y lAat tAs preciac ra+ide�ee arid complete pat oDfoe addre+� � � : . .e/eAr toitbtx wa�nsd praKtt� ir R•D.l� �jis�r:•�S�'�"`�, � Pa. 1700'7 . ' . A " 6 �,7(' � ` . '' , � � � . ��.1��.............�...... � ' � � A �o�, C�-h� -�-�---� � , f eoacf�24r� 49? ' � � . � , i , � � . � - . -- ____ � . . . , . � � �--�� , , SUMMARY APPRAISAL REPORT . 2159 NEWVILLE ROAD CARLISLE, PENNSYLVANIA PREPARED FOR PAUL W. KUNKLE BY LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES 35 EAST HIGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717)249-2758 . � ��,�7 �� t � Diversi x�ed Appraisal Services Rea!Estate Appraisers and Cansultants 35 East High Streef Carlisle,PA 9 7013-3052 (717)249-2158 FAX�79 7}258-4709 August 2'7,2012 TO: Paul W. I�unkle FM: Larry E. Foote RE: Summary Appraisal Report Residential Property 2159 Newville Road Carlisle,Pennsylvania At your request, I have appraised th�captioned property. The appraisal report,which fvllows this letter,is submitted in support of my opinion of Market Value of the Fee Simple Interest in the property, as of August 24, 2�12. I hereby certify that,ta the best of my knowledge and belief,the data,facts, and apinions set forth therein,are accurate, subject ta the Statement of Assumptions and Limiting Conditians that is also made a part of the report,and that the indicated Market Value of the subject property,as of August 24,2012 is: THIRT�-FIVE THOUSAND DQLLARS $35,OQ0 . This appraisal has bee�made in conformity with the standa�ds of professional practice of the Natianal Assaciation af Realtors Appraisal Section. I appreciate your having considered me for this assignment and trust that yvu f nd the repart entirely satisfactory. Respectfuily submitted, _ . �/" Larry E. Foate Pa. Certified Gener�l Appraiser GrA-0{}OQ 14-L z �' o� �'7 SUMMARY OF IMPORTANT FACTS AND CONCLI�SIONS LOCATION: 2159 Nevwille Road Carlisle,Pennsylvania TAX PARCEL NUMBER: 46-18-1400-016A IMPROVEMENTS: One-story detached single-family dwelling. PROPERTY RIGHTS: Fee simple interest. OWNERSHIP HISTORY: The subject property is owned by Paul W. Kunkle. The property last transferred on April 8, 1971 for a reported consideration of$9,000 and ownership conveyed on deed reference 24-A-495. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valuation of the subject. CLIENT: Paul W. Kunkle. IN1'ENDED USER: Paul W. Kunkle. OBJECTIVE: To estimate the market value of the subject property as unencumbered. EFFECTIVE DATE: August 24, 2012. INSPECTION DATE: August 24, 2012. HIGHEST AND BEST USE: Continued use as a single-family residence. COST APPROACH: N.A. SALES APPROACH: $35,000 INCOME APPROACH: N.A. FINAL VALUE CONCLUSION: $35,000 3 � CP a� a� ; . - _ Appraisal Institute, as"a systernatic set c�f procedures an appraiser fc�llaws ta pravide ans�v'ers -- _ _. _ _.... to a client's questions about�real property value." It consists of a series of steps that are appropriate to a specific and particular appraisal assignment that begins with a client engaging a real estate appraiser to develop an opinion af value for a specific property as c�f a given effective date and ends when the appraiser communicates and reports the final conclusions and opinions to the client. Definition of the Appraisal Problem: The first step in the appraisal process includes the presentatian of the fallowing: 1. Identification af the client,the intended use, and the intended users of the appraisal report. 2. The purpose of the appraisal, including a definition af the value being reported. 3. Determination of the effective date af the appraisal report. �. Extraordinary assumptions that are applicable to the appraisal assig�nment. 5. Hypothetical conditians that are applicable to the appraisal assignment. Scope of Work: Scope of work is defined in the Uniform Standards af Professionai Practice as being "the type and extent of research and analyses in an assi,�r�ment." This includes the degree and extent of research and the data that is deemed as necessary to develap a credible opuuan of va.lue for the praperty being appraised. Data�ailection and Analysis; The appraiser must gather and analyze market area data, subject property data, and comparable property data that is relative and relevant to the appraisal assignment. Develapment and Application of Traditional Approaches ta Value: The appraiser must consider which of the three traditional approaches tc�value are applicable,relevant,and necessary for develaping a credible opinion of value for the subject property. These three traditional approaches to value include the Cost Approach, Sales Comparisan Appraach, and Incame Capitalization Approach. VVhen two ar mare of these approaches to value are developed,the appraiser must determine the amount of emphasis and cansideration to be given to each of those approaches to value, since one or rnore may have greater significance in the appraisal af a specific property. Reconciliation of Value Indications and Final Opinion of Value: The final step in the valuation pracess is the reconciliativn of the value indications developed by the appraiser. Rec+�nciliation is the analysis of alternative conclusions to arrive at a final value estimate, Reconciliation is required because different value indications result from the use af multipie approaches to value and within the application of a single approach. The final value estimate is not derived simply by applying technical and quantitative 4 � �� r - procedures, rather, it involves the exercise of judgment, and the value conclusion reached must be consistent with market thinking. 5 � � �� , APPRAISAL �ERTIFICATION I hereby certify that upon applicatic�n for valuation by: PAUL W. I�LTNI�LE the undersigned personally inspected the following described property: Ali that certain piece or parcel �f land, with the improvements thereon erected, situate in West Pennsbcaro Township, Cumberland County, Pennsylvania, bounded and described as follows. Beginning at a point in the center of the Mill Creek Road, oppasite a fence post at corner of the said Raad and land now or formerly of Lewis Brymesser•,thence Eastwardty along the line of land of said Lewis Brymesser,a distance of 85 feet to an iron pin at corner of land now or formerl�r of Edward G. Bloser and Betty Jane Eckhard;thence Sauthwardly along the latter land,through an iron pin between the garage on the land herein described and an outside toilet c�n the land now or formerly of said Bloser and Eckhard, 14$.5 feet,more or less, to an iron pin;thence Southeastwardly,running along the inside of a concrete curb, 15.5 feet to an iron pin on the northern side of the Carlisle to Nevwilie Road;thence Westwardly along the Iatter line,97 feet to the center line of the Mill Creek Road aforesaid;thence Northwardly along the center line of said Road, 165.5 feet,more or less,to the place of beginning. To the best af my knowledge and belief the statements cc�ntained in this repart are tru.e and correct, and that neither the employment to make this appraisal nor the cornpensation is contingent upon the value reported, and that in my opinion the Market Value as of August 24, 2012 is: THIRTY-FIVE THt}USANl3 D{�LLARS $35,Otll� The property was appraised as a whale, subject to the cantingent and limiting conditions outlined herein. , Larry E. Foote Pa. Certified General Appraiser GA-000014-L 6 � � �� INTENDED USE OF TFIE APPRAISAL T`he intended use of this appraisal is to estimate the Market Value of the subject property as of August 24,2012. Market Value is defined as the rnost probable price wh%ch a property should bring in a competitive and open market under ail canditians requisite ta a fair saie, the buyer and se�ler, each acting prudently, knowledgeably and assuming the price is not af`fected by undue stimulus. Implicit in this definitian is the consummatian of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: a. Buyer and seller are typically motivated. ' b. Both parties are well informed ar well advised, and each acting in w�at he considers his own best interest, c. A reasonable time is allowed far exposure in the open market. d. Payment is rnade in terms of cash in U.S. dollars or in terms of financial arrangements comparabie thereto. e. The price represents the normal consideration for the praperty sald unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. Saurce: Of�ice of the Cornptroller of the Currency, 12 CFI �34.42(f}. HIGHEST AND BEST USE : Highes# an�. Best L3se is defined by the Appraisal Terminology and Handb�ok, published by the Appraisal Institute, as "the most proftable likely use to which a property can be put". The opinion af such use may be based on th� highest and most profitable cantinuous use to which the prt�perty is adapted and needed, or likely tv be in demand, in the reasonable near future, However, elements affecting value that depend upon events or a combination of occurrences which, while within the realm of possibility, are not fairly shown to be reasanably prabable, shouid be excluded from cansideration. Aisa, if the in#ended use is dependent on an uncertain act of another person,the intentian ca:nnot be considered. Based on the above definition and after seeing the site, neighborhaad, and area, it is my c�pinian that the present use of the subject is its Highest and Best Use. 7 � � � � OWNERSHIP HISTCIRY : The subject property is c�wned by Paul W. I�unkle. The property last transferred on April 8, 1971 for a reported consideration of$9,000 and ownership conveyed on deed reference 24-A-495. ESTIMATED MAP:KETING TIME The reasonable marketing time is an estimate 4f the a�nount of time that it would take to se11 a property at the estimated market value during the period of time immediately after the effective date of the appraisal assignrnent. It is estimated that if i:he subject property were affered far sale at the indicated Market Value, a reasonable marketing time would be one to two years, This estimate is based upan quarterly sales figures published by Central Penn Multi : List,Inc. EC+�I'�OMIC TRENDS Historically, property values fc�r similar praperties have steadily increas�d, with vacancy ra.tes remaining stable. Ht�wever, the recent lag in the economy has resulted in a leveling of appreciation rates and Ionger marketing times. Financing is readily avaitable to quaiified purchasers at reasanable ra#es and terms. EXP`+t�SURE TIME The len�th af time the property being appraised would have been offered on the market prior ta the hypothetical consummatian of a sale at the rnarket value on the effective date af the appraisal. Expersure time is pres�ed ta precede the effective date of the appraisa.l. The reasonable exposure period is a function of price,time and use. It is not an isolated opinion of time alone. Exposure time is different for various types of properry and under various market conditzons. It is a retrospective opinion based on an analysis of past events,assuming a competitive and open market.It assumes not anly adequate, su�f'icient and reasonable time but adequate, sufficient and a reasonable marketing effort. Exposure time and conclusion of value are th�erefare interrelated. Based upon the information presented in this report,a reasanable . exposure time for the subject praperty is estimated to be one ta two years. 8 � � �� SITE DATA � ADDRESS: 2159 Newville Road TOWNSHIP: West Pennsboro COtJNTY: Cumberland � STATE: Pennsylvania LOT SIZE: .28 acre. SEWERS: On-site septic system. WATER: On-site well. ELECTRICITY: PP&L LANDSCAPING: Typical for the area,with a sodded lawn,trees and shrubs. DETRIMENTAL INFLUENCES None. Pride of ownership is evident throughout the neighborhood. DESCRIPTION OF IMPROVEMENTS GENER.AL DESCRIPTION: One-story deta.ched single-family dwelling containing approxi- ; mately 1,040 square feet of gross living area above grade with a detached two-car garage. , CONDITION: Exterior: Fair Interior: Fair ROOMS: First Floor: Living room, kitchen,two bedrooms and one-half bathroom. Basement: Crawlspace. Due to the overgrown shrubs and trees around the exterior of this dwelling and the fact that old televisions and parts covered the floors throughout, no access to a basement could be found. Therefore,this { information was obtained from the Cumberland County Assessment Office records and is deemed to be accurate. , ; , � � 9 � � � �� v0 � . £ � - t EXTERIOR: Foundation: Paured cancrete. Walls: Waod,painted. Sash; Wood-framed, single-glazed. Gutters. 1`lone Raof; Crable,with shingles. Storm units: Combination storm and screen units. INTERIOR, PR.��C�PAL RC�OMS: Flooring: Hardwood and asphalt tile blocks. Walls: Wood paneling and drywall. Ceilings: Drywall and wood panels. Trim: Wood, stained and vamished. KITCHEN: Cabinets: Knotty pine,natural finish. Counters: Laminate W�ls: Painted drywall and vinyl sheathing. Flaoring: Hardwoad Sink: Double-bawl,porcelain. BATHROCIM: Flooring: Vinyl t�alls: Papered drywall and vinyl sheathing. Bathtub: Nc�ne Lavatory: Wa1l-maunted. Water closet: Two-piece. Medicine cabinet: Wall-mounted. HEATIN�'x: 0►il-fired,hot water. C(JOLING: None t�THER: Attached to the front of the dwelling is a covered concrete porch. � �ENERAL CC}NDITION: All impravements are considere�d to be in fair condition an the � interivr and vn the exterior,with#he exceptivn of the bathroom ceiling, which is falling in, and � the garage roofing shingles, which are in poar condition. No electricity was turned on during � the inspection. Since this structure has been vacant for several years, it is unknown if the � mechanical systems are adequa.te ar fiunctioning properly. Although the interior of the dwelling was inspected, access to the basement could not be obtained, due to the accumulatian of debris on the interiar and overgrawn trees and shrubs against the exterior of the dwelling. .$ 10 � �� THE APPRAISAL PROCESS T'hree approaches to value are generally included in an appraisal report. These ; techniques include the cost approach, sales comparison appraach, and income approach to value. The cast approach to value is based on the assu.m�ption that the reproductian cost of a building plus land value,tends to set the upper limit ta va�ue. A key assumptic�n is that a newly constructed building would have advantages over the existing build'zng, therefore an evaluation focuses upon disadvantages or deficiencies (depreciatian) af the existing building compared to a new facility. Due ta the age of the subject improvements, the cast approach is considered to be inapprQpriate and has, therefore, not been included in the development of this appraisal repart. The sa.les cQmparison approach to value assumes that under narmal conditions, a given number of parties acting inteliigently and voluntarily, tend to set a pattern from which value can be estimated. Application af this approach relies on a camparison of the subject with a sufficient number of recent transactions of camparable properties in the market, based on a carnmon unit, such as price per square faat of building area. The income approach concerns itself with present worth of the future potential benefits of a property. The inirial estimate involves #he net income, which a fully informed person is justified in assuming the property will produce during its remaining useful life. This estimated net income is then capitalized into a value estimate, based upan the level of risk as compared with that of a similar type and class. Since homes sirnilar ta the subject are not typically utiiized as incorne-praducing investment properties,the income approach to value is considered to be inappropriate and has, therefore, not been included in the development of this appraisai repart. < a � 2 a 11 � L� �� ; SALES C�JMPARISON APPROACH In arriving at this conclusion af the value csf the subject prc�perty, the appraiser made a survey of properties that have sald in the area of the subj�ect property. Consideratian was given and adjustments were made on each cc�mparable sale as to time 4f sale, size, location, as well as ail other factors that might affect value. A resurne of so�ne of the sales considered by the appraiser is as follows: SALE l�tQ. 1; Location: 128 Wynnwood Drive, Carlisle. Date of Saie. June I 5,2�12. Sa1e Price: $52,040 � Size: 1,U56 square feet. Urvt Price: $49.24 per square f+aot. SALE NO. 2: Lvcation. 44�Cranes Gap Raad,Carlisle. Date af Sale; April 2Q,2012. Sale Price: $55,OQ0 Size: 1,112 square feet. Unit Price: $49.4fi ger square foot. SALE NO�. 3: Locatian: 7$5 Upper Bermudian Road, Gardners. - Date of Sale: August 13,2010. Sale Price: $f 2,5�0 Size: 1,142 square feet. Unit Price; $54.73 per square foot. � The appraiser, in addition to the sales listed, alsc� considered several additional sales in � arr%ving at his final opinion af value. On the Sales Comparison Analysis form that follows this s page are dollar adjustments reflecting market reactiori to th�se items af significant variation between the subject and comparable �3�'flp�1'�1�5. If a significant item in the comparable , property is superio:r to, or more favorable than, the subject property, a minus (-) adjustment is � made,thus reducing the indicated value of the subject; if a significant item in the cc�mparable is � � inferior to, vr less favorable than, the subject property, a plus �+) adjustment is made, thus increasing the indicated value of the subj ect. After making alI �f the necessary adjustments, it is the appraiser's considered apinion { that the indicated value of the subject property by the Sales Comparison Approach is$35,000. 4 � � 12 I � �� SALES CClMPA►RIStJN A►NALYSIS ITEM SUBJECT �OMPARABLE #1 C(jMPARABLE #2 Ct�MPA�.RABLE #3 ' 2159 Newville Road 128 Wynnwood Drivc 44d Cranes Gap Road 785 Upper Bermudian Road � Address Carlisle Carlisle Cariisie Gardners i � Proximiry to Subject 9,14 miies 10.49 miles 22.25 mites '3 Sale Price 1'd.A. �52,000 SS5,000 $62,5t�t} � Price/Sq.Fi.GLA N.A. $49.24 $49.46 $54.73 Data Source inspection Courthouse&Ccntral Penn MLS Courthouse&Central Penn MI.S Caurthouse&Central Penn MLS ADJUSTMENTS DESCRtPTION DESCRiPTtON $ Adjust. DESCRIPTIt3N $Adjust, DESCRIPTI4N �Adjust. Sales or Financing Concessions None Nane None � DateofSaleJTime Asaf&24-12 6-lS•12 4-24-12 8-13-i0 Locatioa Average Simiiar Similar Similar Site/Yiew .28 acre .30 acre .98 acre -3,Oild .73 acre -2,000 Dcsign and Ap�al One-story detached Similar Similar Similar Construction Waad Aluminum siding -3,OU4 Vinyt siding -3,OU4 Atuminum siding -3,QQ4 Age Unknown 6A years G7 years 49 years Conditian Faic Suptriar -10,400 Superior -II,OOU Superior -i2,500 Abave Grade Tot, Bed. Bath Tot. Bcd. Bath Tot. Bed. Bath Tot. Bed. Bath ; Roam Count 4 2 '/x 5 2 1 -4,000 5 2 1 -4,000 5 2 I -4,OOQ :� Gross Living Area 1,p44 square feet 1,OS6 square feet 1,112 square feet -1,400 1,142 square feet -2,OQ0 } Basement&Finished Roams Betaw Grade Crawlspace Crawlspace Fult basement -2,U00 Full basement -2,000 Functionat Utili Aver e Simitar Similar Simiiaz Htatin /Coolin Oii-fired hot water Similar 4i1 hat air,wlcen.air Sim'slar G e i C rt Two-car e Two-car Two-car e Two-car e Porches,Fatios Two sma�l covered Parch,enclosed _ Poals,eic. Covered frant rch rchcs. Twa small rches. orch. -1,OQO 5peciai Ener�y TypicB!for ihe Efficicnt ltems re ion, Similar Similar " Sirnilar F'sre 1 s None None None None Other(e.g,kitchen � equip.,remodeling) Built-ins. Similar Similar Simiiar � � Net Ad'. to#a1 -17,44U -24,QQ0 -26,SQ0 � Indicated Value � af Sub'ect 34,600 30,600 3�,000 � � �; FINAL INDICATED VALT.TE tJF SUBJECT PRCOPERTY: $35,0�0 z � � � a :� 13 � � �� CtJP:RELATION Carrelation may be def ned as "the bringing together of parts in a proper relationship." The parts of this appra.isal report are the foliawing approaches ta value your appraiser used: Value Indicated by Cost Approach N.A. Value Indicated by Sales Comparisan Appraach $35,t�U0 Va1ue Indicated by Income Approach N.A. These approaches are representative of the market value af the subject property. I have carefully reexamined each step in each method, and I believe the conclusions accurately reflect the attitude of typical purchasers of this type praperty in this neighborhaod. It is my belief that this reexamination has confirmed the original conclusians. The �ost Approach will result in an excellent estimate if all elements are figured accurately, because na prudent person will pay more for a property than the cost to produce a substitute praperty with equal desirability and utility. Purchasers of the type of dwelling typical of the subject property are more concerned urith amenities than with hypothetical replacement of the praperty. Due to the age of the subject improvements,the Cost Approach is cansidered to be inapprapriate and has not been included in this appraisal report. : The Sales Comparisan Appraach was based an several recent sales of praperties similar to that of the subject, a11 of which are lvcated in the same general area. The adjusted sales prices are most consistent under cornparison. This approach is the most reliabie because it reflects the reactians af typical buyers and sellers in the market. The Income Approach is most applicable to income producing properties or prvperties that are pri�marily utilized for income producing purpases. Pwrchasers of income producing : properties are willing to pay no more for a particular property than the net operating income will support. Since the majority of properties similar to the subject are not utilized for incame : producing puzposes,this approach to value has not been included in this appraisal report. Therefare, as a result of this appraisal and analysis, it is this appraiser's considered judgment and opinion that the Market Value of#he subject property,as of August 24, 2012, is: THIRTY-FIVE THOUSAND Dt�LLARS $35,000 14 � � � �� UNDERLYING ASSUNiPTIONS AND LIMITING Ct3NDITIONS SUBJECT TCt THIS AFPRA.ISAL 1, i assuane na responsibility for rnatters legal in nature, nor do I render any opinion as to the title, which is assumed to be marketable. The property is appraised as though under responsible ownership. 2. The legal description used herein is correct. 3. I have made nc� survey of the property, and the boundaries are taken from records believed to be reliable. �. I asswme that there are no hidden vr unapparent conditians af the praperty, subsoil or structures which would render it more or less valua.ble. I assume no responsibility for such conditians or for engineering which might be required to discover such factars. 5, T"he information, estimates, at�d opinions fiarnished to me and conta.ined in this repart were obtained from sources cansidered reliable and believed ta be true and carrect. Hawever,no res�nsibility for accuracy can be assumed by me. 6. This repart is to be used in its entirety and only far the purpase far which it was rendered. 7. �Teither aII nor any part of the contents of this repart (especially any conclusions as to value, the identity of the appraiser or the firm with which he is cannected) shall be reproduced, published, or disseminated to the public through advertising media, public relations media,news media, sales media, ar any other public means of ca�ununicatian, without the prior written ec�nsent and apprc�val of the appraiser, 8. 'I'his appraisal was prepared under the extraordinary assumption that any easements or : rights af way of record have no adverse impact upon the highest and best use or value herein reported, A title search was nat requested nor included in the scope of work for ' this assignment. 9. "This appraisal was prepared for the exclusive use of the client identified in this appraisal . report. The information and opinions contained in this appraisal set forth the : appra,iser's best judgment in light of the infc�rmation available at the time of the preparation of this report. A.ny use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are the sale responsibility and at the so�e risk of the third p�rty. The appraiser accepts no responsibility for damages suffered by any third party as a result of reliance an or decisions made or actions taken based on this report. 15 � � �� ,� CERTIFI�ATE OF AFPRAiSAL I certify that,to the best a►f my knowledge and belief: 1. The statements of fact contained in this report are true and correct. �. The reparted analysis, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartiai, and unbiased professianal analyses,opinion�,and canclusions. 3. I have no present or prospective interest in the property that is the subject c�f this repart and no persanal interest with respect#o the parties i�nvolved. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assig�c�ment. 5. My engagement in this assignrnent was not contingent upan develaping or rept�rting predetermined results. 6. My compensation for completing this assignment is not contingen# upon the deve�apment or reporting of a predetermined value or direction in value that favors the cause of th�client,the amount of the value opinion,the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use af this appraisal. 7. My anal'yses, opiniarYS, and conclusians were deveioped, and this report has been prepared,in conformity with the Uniform Standards of professic�nal Appra.isal Pxac#ice. 8. I have made a personal inspection of the property that is the subject of this repart. 9. No one pravided significant real property appraisal assistance to the perspn sign- ing this cert%fication. , � Lany E. Foote Pa. Certified Greneral Appraiser GA-040014-L 16 �� PRIVACY Nt3TICE Pursuant to the Gramr.n-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of persanal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal inforrnation. As professic�nals,we understand that your privacy is very import:ant to you and are pleased to provide you with this information. In the caurse af performing appra,isals,w+�may callect what is I�n.aum as"nonpublic : personal information"about you. This information is used to faciiitate the services that we provide to you and may include the informatian provided to us by you directly or received by us from vthers with your authorization. V�`e do not disclose any nonpublic personal information obtained in the c4urse of our engagement with our clients ta nonafFiliated third parties,except as necessary ar as required by law, By way of example,a necessary disclosure would be to our independent contractors, and in certain si#uations,to unrelated third party cansultants who need to knaw that infQrmation to assist us in providing appraisal services to yau. All of our independent contractars and any third pa�rty consultants we engage are informed that any information they see as part af an : appraisa� a�ssignment is to be maintained in strict confidence within the firm. A disclosure required by law vvould be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party. We will retain records retating to prafessional services that we have provided tc►you for a reasonable time so that we are better able to assist you with your needs. In order to protect yaur nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic and procedural safeguards that comply with aur professional standards to insure the security and integrity of yaur infarmatian. 17 d� �� LARRY E. FCaOTE RE.AL ESTATE APPRAI�ER EXP�RIENCE: 1979-Present: Chief Appraiser,DIV�2`3lft�A��f'd1SSI S�1V1C�5,Carlisle,Pa. Principal Braker, LaRue Development Campany,Carlisle, Pa. 1976-1979: Associate Broker,Colonial Reatty,Carlisle,Pa. 1972-1476: Realtor Associate,Jack Gaughen Realtar,Carlisle,Pa. Appraisal experience included undeveloped 1and,farms,buiiding lots,single-family dwellings,mobile home parks,medicai centers,nursing homes,motels,apartment buiidings and comp]exes,o�ce buildings,service stations,veterinary clinics,rehabilitatian centers,retail buildings,daycare centers, warehouses,and manufacturing facilities. ED►UCATIC}11I: Bachelor af Business Administratian, Pennsylvania State University, 19'76. Associate Bachelor of Business Administration, Harrisburg Area Community Colle�e, 1974. Diploma„Carlisie Senior High Schoal, 19fi5. Certifcate,Pennsylvania Reaitors Institute,GRI I,GRI II,GRI III. Certificate,Realtors National Marketing Institute,CI 101,CI 102,CI 103,CI t44, CI 105. Standards of Prflfessional Practice,American Institute of Real Estate Appraisers. Real Estate Appraisai Principles,American Institute of Real Estate Appraisers. Residential Valuation,American Institute of Real Estate Appraisers. : Appraisal Procedures,Appraisal Institute. Princip}es of Income Property Appraising,Appraisal Institute. Case Studies in Real Estate Valuation,Appraisal Institute. Report Writing and Valuation Analysis,Appraisal Institute. PROFESSIUNAL LICENSES: : General Appraiser#�A-044414-L,Commanwealth of Pennsylvania. Real Estate Broker#RB-029729-A,Commonwealth af Pennsylvania, PROFESSIUNAL DESIGNA'TICINS EA►�t�YED: GRi: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyl- vania Association of Reaitors. CRS: Certified Residential Speciatist,awarded by the Realtors Natianal Market- ing Institute of the National Association of Realtors, CCIIVI: Certified Cc�mmercia�Investment Member,awarded by the Realtors National Marketing Institute of the National Association of Realtors. PROFESSI�NAL URGANIZATIQN AFFILIATIONS. National Association of Realtors Appraisal Section. Greater Harrisburg Assaciation af Realtc�rs. Pennsylvania Association of Realtors. National Association of Realtors. Realtors National Marketing Institute. 18 . � � �� M� PAST CLIENTS: Borough of Carlisle American Home Bank Keystone Financial Mortgage Trans Union Cornerstone Federal Credit Union M&T Mortgage Corporation Pennsylvania State Bank Cody Financial Mortgage Services Commerce Bank Waypo�nt Bank Cumberland-Perry Association for Retarded Citizens Northw 11 N tional Bank Car lis le Su bur b a n A u t h o r i t y B l u e B a Members 1�`Federal Credit Union Adams County National Bank Pennsylvania National Bank Countrywide Home Loans Evans Financial Corporation Aarrow Mortgage Greenawalt&Company,CPA Various law firms and individuals Smith's Tra.nsfer Corporation Carlisle Department of Parks and Recreation Executive Relocation Services Carlisle Area School District Messiah Homes,Incorporated ERA Eastern Regional Services Pennsylvania Turnpike Commission Chase Home Mortgage Corporation Defense Activities Federal Credit Union Pennsylvania State Employees Credit Union PNC Mortgage Corporation F&M Trust Company National City Mortgage Corporation Washington Mutual Home Loans,Inc. Prudential Relocation Services Lender's Choice Market Intelligence,Incorporated United Telephone Employees Federal Credit Union Cumberland County Commissioners Allstate Enterprises Mortgage Corporation Dickinson Coliege PPG Industries,Incorporated Gettysburg College Redevelopment Authority of Cumberland County Record Data Appraisal Services,Incorporated First United Federal Savings Association Fulton Bank United States Marshall Service GMAC Mortgage Corporation Orrstown Bank Letterkenny Federa.l Credit Union BancPlus Mortgage Corporation Coldwell Banker Relocation Services,Incorporated Central Pennsylvania Savings Bank Mellon Bank Provident Home Mortgage Corporation Drovers Bank 19 � � �('j � � J �{ �� y 'a ' � ' _ i ' _. s�- �?.♦ yS'�`4 K �t�'t . �� _t t t _ . ' ^ A. � ; � �; - r' ' r. . , - " A � .. s�r. . . , . 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' t��'�s":� �;'!! ,.�. .. . _'. �, �. .. +._,�r � � � � � � �:'M.:' , . �, . - . � - �.�-.. . .�. "Kr ?� �� .. . , . +� . .. �, �. - . .. . . . ...�.. V>. , 4,' '1 ��, . . . .�.�... ` . � .. � . � , . . N . . . ... .... ... STREET SCENES AT THE SUBJECT PROPERTY 22 � �5 �� '�•.. -� �, ,.�� -, x ^ ' �i. .-� - , i ' rt , • - �' • �� - � �� - � .�� . � , ::g� � �� , � . � . ; � T� � -:. `+�'�°, 4 1'.. �' 'i ' "'�'' � 3• �.�� ._ "� ►�� . �,�hi 4�� tl.�t 5•5� ..-� �r«S� 9'°��.. �3�� 7 ��e ��I� Y "i7 Ar� �1,�";�. s �'; t `��; !� ?�P� ij� iu2.�'YM Si�..- �w.. h�}fK �s.4��t' 4 K �`� b `� � {}�� ,:�"A �� 1 �`s�p�{.. .�lF - i f• � � i.�� ..�5 ;. ''+�w< ', r� r.:: �� ♦- ti��`��1� - ��,;��, � �`''l, �� . r'� .. . .. �� t t � . . 4 - . ' ,�s. .V- A'°`wti r .. . . y�.M ai, , . � .�... ~'�.{ � '�,�.� � � � �` �f ,. � � � �r... �.� J , � • � • j , '� `-Y ;I 1 ' t � ` . �� ♦ _ � T y y. _ .7 ^� , y _`Y+ �. . -. � . . .�E� , + y r i. �. .i��, Y.�'N� . '� '� 1'. .',tl.v,.•�:-. ..__��.. :�:. . ,.�.3�. ...� .+...:�s�..:....r�� —� n.. `��: ' '� � �. � �� .� �� 4�, "v � �._ ` i ,. i* K ±y,y'•. _ �..�: �i�� . t -.w� w,.. � ,�-�.°�Ss�"ar . � :: , .. . :�. v -,�.: - �� . � / � � ' � � / r � r �m -:. � 6�ft o, .........�r�-...,..-.:�,�,..,..�..--,-...__, ;N P I K E �._....:,.�.,�.:�.,...----..,�.�.......�,..�-.Y---�. - �:._..:._,-��......�.,� ._.�Y...... - .,...r�.-......�...�-.:�..-..._�.�..�_� �ewv i i Ic Rd r.. . ._. `�".`' :. 1,641 fi Subject p �� 171d�QU�S� f�2012 MaR4�est Portions,(�►�jA�'2 N�1Y1EA _�. SUBJECT PROPERTY LOCATION MAP 24 �� :el-w1'rw.r:.n+�D..a. ahort Foem.wec or lioY. � H�ns7 Hall.Ine..Iad1w.Pa. � � MADE THE 31st day of October i.n the year of our Lord ane thousand nine hun.dred seventy-seven (1977). BETWEEN MEDA S. MINNICH, widow, of 1215 North Pitt Street in the Borough of Carlisle, Cumberland County, Pennsylvania, party of the first part, Grantor , and PAUL W. KUNKLE, of 405 Walnut Street in the Village of Boiling �rings, in South Middleton Township, Cumberland County, Pennsylvania, party of the second part, Grantee . WITNESSETH, that in considemtion of Thirty Thousand and 00/100-------------- �$30,000.00)----------------------------------------------------- Dollars, in hand�paid,the receipt whereof is Jtereby acknowledged, the aaid grnntor do es hereby grant and convey to tl�e aatid prantee , his heirs and assigns, ALL that certain tract of land situate in the Village of Boiling S�rings, in South Middleton Township, Cumberland County, Pennsylvania, bounded and described as follows: BEGINNiNG at a point in the Western curb line oF Walnut Street at its intersection with the Northern line of a �xteen (16) feet wic�e Alley which bounds the property now or formerly of Frank Wilson; thence in a westerly direction along the Northern side of said Alley, a distance of One Hundred Twenty-eight (128) feet Two (2) inches, more or less, to the Eastern side of Sixteen (16) feet wide Alley bounding the property now or formerly of Philip Brechbell; thence in a Northerly direction along the Eastern side of said Alley a distance of Seventy-five (?5) feet One (1) inch, more or less, to a point; thence in a Easterly direction along line of land now or formerly of Richard R. Carr a distance of One Hundred Twenty-eight (128) feet Two (2) inches, more or less, to the western curb line of said Walnut Street; thence in a Southerly direction along the Western curb line of said Walnut Street a distance of Seventy-five (75) feet One (1) inch, more or less, to the Place of BEGINNiNG. (The northern boundary line of the above described property is at a right angle with the line of Walnut Street as defined by the concrete sidewalk now laid on the Eastern side of said Walnut Street.) THE above described premises have erected thereon a one-story brick bur�galow �.nd garage known as and numbered 403 Walnut Street. BEING the same premises which Jennie Heller, widow, by deed dated October 17, 192? and recorded in the Office of the Recorder of Deeds in and for Cumberland County at Carlisle, Pennsylvania in Deed Book "Q" Volume 10, Page 331, grarrted and conveyed to Ralph Minnich and Meda S. Minnich, husband and wife. The said Ralph Minnich having died in December 1935, title to the above described premises remained vested by operation of law solely in his surviving spouse, Meda S. Minnich, Grantor herein. s o-u,t.��;��4n- fownship of ..............•••�• Cumb. Co., Pa. � I% Real Estate Transfer Ta> �Q��_, C � .. �r �.� I �� :�� PA�!' a7g.` . ,� , a��. .. . �c�.� �-�e� � ___ ��R __ _ ---� _�. ___ , , • . AND the said grantor hereby covenant s and a�ree s tha± she will warran.t generally the property hereby conveyed. " COMMUNWEALTN OF PENNSYLVANI/� = "' DEPARTMENt O'r REVENUE _ ;� ' �,,, REALfY �.. _ c�A� N T�ANSFER OCT31'1� �'' 3 � �. � Q � � mo';� TAX v-' e�,r,oL-, � � � P.B.!I 162 _ ��cn�.N � ,nir r \O•r 2""r r.,+!+ �7► ,.;�r. � -c.r+,=:, itf ' � �+�,x ♦ � � \ \ IN WITNEISS WHEREAF, said prantor has hereunto set her hand and seal the dacy and year first above ivritten. ' i �&ignsd.:&ea1cD anD�cliucrrD ----- - ��.---- r.. ..�ti�i,r,� ----. s�si �� - ------------------ (� in ths�rtscncc af �eda S.�1riY11C�'1 `��S`=� �� ----------------------------------------------...-------------------------------. a$e.L / �"' �--� ---•�-------- - -----f�4------------------- ----°---------- ...-----------°------°------. 1lEAL � ----------------------------°-----°-°----------- r -----------------------_...�.--------------------------__...---------- --------------------------------------------------------------------------------- e$sL I do hereby certify that the precise residence and complete post office address of the within named Grantee is R. D. #1, 405 Walnut Street, Boiling S�rings, Pennsylvania 1700?. ��t�"-� a Attorney State of pe��,lvania ss. County of Cumberland On this, the 31st day of October , 1977 , before n�c, thc undersigned o�}'icer, personally a�peared Meda S. Minnich, widow, knawn to me (or Satisfactoril�proven) to be the person u�hose namie is 8ub8cribed to tiie within instremrcent,and acknozvled,�ed that s he exeeuted the aame jor the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my h,and and o,�eial seal. . - � ,. .V�1��r�......1...---- --------...__. ----.. a�� Y,�' !�- ': Notary Public Carfisle .y¢' :"`�y •:'�j` Curt�uerland C '' �'' MY Commissia� Expires tY ��(j t . y. ,% un , � , �� . .._�.».A,"..Rust.l¢t.l`17:i...................sr.`;'._.._. �.,� 2�itte-0� O,�e�r. : �>�� . !,�'' ';-.'. .' ; .. o� 5 �p�'��'y F{rr v�� !, � � State of sa. County o f On this, the day of , 19 , bef ore me, the undersigrned offccer, personally appeared lcnown to me (or satisfactorily proven) to be the peraon whose narme subscribed to the tvithin instru�rcent,and acknozvledged that he executed the same f or the purposea theretin contained. IN WITNESS WHEREOF, I hereunto set my hand and o,�cial seal. ,--� -----------------_._.._._._.._...._...__.--------------------------------....---.... 8�<L . i , ' -------°-°-----------------°--°-------------------------°--------°--�------------ � � . ° Title of 0�"icer. do hereby certif y ticat th,e precise residence and com�lete post o�ce address o f the uritkin named grantee is • : i9 "• ., ,., Attorney far ._--------------------__..------- �..__._._------ _. . _.. ,_ .._- �-.. -� , , _ ... � , „ � t ..�„ . , .. . , , , . . . , , � I ' � \ ' � � � a Z � � � � � � � ° x � � • � : � � � . a o � � � � a �_ COMMO EALT�OF PENNSYLVA IA, `' � as. Coun of..___.�:tt.�-r:t% �-�'.__. _ � /�,-�' ; RECORDED an ticia ._s�l.�'� day of ..._..... __ .._ � 1..`„__ A. D. 19� iyt the Reoorder's O,�tce of said County,in Deed Book�� _�Vol. ._---�„?��----,Page.�_ . � CYiven under my hand and th.e aeal of the said o�'cce,the date above wr�tten. --------------T�,i, ,-�---� ------_.....,Recorder. 3 a-� �S . � � APPRAISAL REPORT 403 WALNUT STREET BOILING SPRINGS, PENNA. PREPARED FOR PAUL W. KUNKLE . BY . LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES 35 EAST HIGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717)249-2758 � y � as r 1 SUMMARY UF [MPORTANT FACTS AND CONCLUSIONS LOCATION: 403 Walnut Street Boiling Springs, Pennsylvania TAX PARCEL NUMBER: 40-30•2659-002 IMPROVEMENTS: One and one-half story detarched single-family dwelling. PROPERTY RIGHTS: Fee simple interest. � �WNERSHIP HIST�RY: The subject property is owned by Paul W. Kunkle. The properry last transferred on October 31, 1977 for a reported consideration of $30,000 and ownership conveyed on deed reference 27-M-583. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valuation of the subject. CLIENT: Paul W. Kunkle. INTENDED USER: Paul W. Kunkle. OBJECTNE: To estimate the market value of the subject property as unencumbered. EFFEeTIVE DATE: March 26, 2012. INSPECTION DATE: March 26,2012. HIGHEST AND BEST USE: Continued use as a single-family residence. COST APPROACH: N.A. SALES APPROACH: $52,000 INCOME APPROACH: N.A. FINAL VALUE CONCLUSION: $52,000 2 5 6-� �� . THE VALUATION PROCESS The valuation process is defined in The Appraisal of Real L�state as published by the t�ppraisal Institute, as"a systematic set of procedures an appraiser follows to provide answers to a client's questions about real property value." It consists of a series of steps that are appropriate to a specific and particular appraisal assignrnent that begins with a client engaging a real estate appraiser to develop an opinion of value for a specific property as of a given effective date and ends when the appraiser communicates and reports the finat conclusions and opinions to the client. Definition of the Appraisal Problem: The first step in the appraisal process includes the presentation of the following: 1. Identification of the client,the intended use, and the intended users of the appraisal report. 2. The purpose of the appraisal, including a definition of the value being reported. 3. Determination of the effective date of the appraisal report. 4. Extra�ordinary assumptions that are applicable to the appraisal assignment. 5. Hypothetical conditions that are applicable to the appraisal assignment. Scope of Work: Scope of work is defined in the Uniform Standards of Professional Practice as being "the type and extent of research and analyses in an assignment." This includes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the property being appraised. Data Collection and Analysis: The appraiser must gather and analyze market area data, subject property data, and comparable property data that is relative and relevant to the appraisal assignment. Development and Application of Traditional Approaches to Value: The appraiser must consider which of the three traditional approaches to value are applicable,relevant,and necessary for developing a credible opinion of value for the subject property. These three traditional approaches to value include the Cost Approach, Sales Comparison Approach,and Income Capitalization Approach. When two or more of these approaches to value are developed,the appraiser must determine the amount of emphasis and consideration to be given to each of those approaches to value,since one or more may have greater significance in the appraisal of a specific property. Reconciliation of Value Indications and Final Opinion of Value: The final step in the valuation process is the reconciliation of the value indications developed by the appraiser. Reconciliation is the analysis of alternative conclusions to arrive at a final value estimate. Reconciliation is required because different value indications result from the use of multiple approaches to value and within the application of a single approach. The final value estimate is not derived simply by applying technical and quantitative 3 � C.� �� procedures, rather, it involves the exercise of judgment, and the value conclusion reached must be consistent with market thinking. 4 � � �5 � � APPRAISAL CERTIFICATION I hereby certify that upon application for valuation by: PAUL W. KUNKLE the undersigned personally inspected the following described property: All that certain piece or parcel of land, with the improvements thereon erected, situate in the Village of Boiling Springs,Cumberland County,Pennsylvania,bounded and described as follows: Beginning at a point in the Western curb line of Walnut Street at its intersection with the Northern line of a 16 feet wide alley which bounds the property now or formerly of Frank Wilson;thence in a westerly direction along the Northern side of said alley, a distance of 128 feet 2 inches,more or less,to tha Eastern side of 16 feet wide alley bounding the property now or formerly of Philip Brechbell;thence in a Northerly direction along the Eastern side of said . alley a distance of 75 feet 1 inch,more or less,to a point;thence in an Easterly direction along line of�and now or fonnerly of Richard R. Carr a distance of 128 feet 2 inches,more or less,to the western curb line of said Walnut Street;thence in a Southerly direction along the Western curb line of s�id Walnut Street a distance of 75 feet 1 inch,more or less,to the place of beginning. To the best of my knowledge and belief the statements contained in this report are true and conect, and that neither the employment to make this appraisal nor the compensation is contingent upon the value reported, and that in my opinion the Market Va1ue as of March 26, 2012 is: FIFTY-TWO THOL7SAND DOLLARS • $52,000 The property was appraised as a whole,subject to the contingent and limiting conditions outlined herein. . Larry E. Foote Pa. Certified General Appraiser GA-000014-L 5 � � � �� . INTENDED USE OF THE APPRAISAL The intended use of this appraisal is to estimate the Market Value of the subject property as of March 26,2012. Market Value is defined as the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: a. Buyer and seller are typically motivated. b. Both parties are well informed or well advised, and each acting in what he considers his own best interest. c. A reasonable time is allowed for exposure in the open market. d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto. e. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. Source: Office of the Comptroller of the Currency, 12 CFI §34.42(fl. HIGHEST AND BEST USE Highest and Best Use is defined by the Appraisal Terminology and Handbook, published by the Appraisal Institute, as "the most profitable likely use to which a property can be put". The opinion of such use may be based on the highest and most profitable continuous use to which the property is adapted and needed, or likely to be in demand, in the reasonable near future. However, elements affecting value that depend upon events or a combination of occurrences which, while within the realm of possibility, are not fairly shown to be reasonably probable, should be excluded from consideration. Also, if the intended use is dependent on an uncertain act of another person,the intention cannot be considered. Based on the above definition and after seeing the site, neighborhood, and area, it is my opinion that the present use of the subject is its Highest and Best Use. 6 � � �� 5 OWNERSHIP HISTORY The subject groperty is owned by Paul W. Kunkle. The property was purchased on October 31, 1977 for a reported consideration of $30,000 and ownership transferred on deed reference 27-M-583. ESTIMATED MARKETING TIME The reasonable marketing time is an estimate of the amount of time that it would take to sell a property at the estimated market value during the period of time immediately after the effective date of the appraisal assignment. It is estimated that if the subject property were offered for sale at the indicated Market Value, a reasonable marketing time would be six to twelve months. This estimate is based upon quarterly sales figures published by Central Penn Multi List, Inc. ECONOMIC TRENDS Historically, property values for similar properties have steadily increased, with vacancy rates remaining sta.ble. However, the recent lag in the economy has resulted in a leveling of appreciation rates and longer marketing times. Financing is readily available to qualified purchasers at reasonable rates and terms. EXPOSURE TIME The length of time the property being appraised would have been offered on the mazket prior to the hypothetical consummation of a sale at the market value on the effective date of the appraisal. Exposure time is presumed to precede the effective date of the appraisal. The reasonable exposure period is a function of price,time and use. It is not an isolated opinion of time alone. Exposure time is different for various types of property and under various mazket conditions. It is a retrospective opinion based on an analysis of past events, assuming a competitive and open market.It assumes not only adequate, sufficient and reasonable time but adequate, sufficient and a reasonable marketing effort. Exposure time and conclusion of value are therefore interrelated. Based upon the information presented in this report, a reasonable exposure time for the subject property is estimated to be six to twelve months. 7 � � � ��"J . SITE DATA ADDRESS: 403 Walnut Street TOWNSHIP: Village of Boiling Springs, South Middleton Township CO[JNTY: Cumberland STATE: Pennsylvania LOT SIZE: .22 acre. SEWERS: Sepric tank. Will be required to connect to public sewer line. WATER: Water line is connected to water line at 405 Walnut Street.. ELECTRICITY: Public utility. LANDSCAPING: None DETRIMENTAL INFLUENCES None. Pride of ownership is evident throughout the neighborhood. DESCRIPTION OF IMPROVEMENTS GENERAL DESCRIPTION: One and one-half story detached single-family dwelling containing approximately 1,704 squa�re feet of gross living area above grade. CONDITION: Exterior: Fair . Interior: Poor ROOMS: First Floor: Living room,dining room, kitchen,three bedrooms and a full bathroom. Second Floor: One bedroom. Basement: Full,with one-half concrete floor. EXTERIOR: Foundation: Stone. Walls: Brick Sash: � Wood-framed, single-glazed. Gutters: Steel,painted. ; Roof: Hip,with shingles. 8 II o-� �� INTERIOR, PRINCIPAL ROOMS: Flooring: Carpet, hardwood and asbestos tile blocks. Walls: Plaster Ceilings: Plaster Trim: Wood, stained and varnished. KITCHEN: Cabinets: Wood, stained and varnished. Counters: Tin Walls: Vinyl and painted plaster. Flooring: Asbestos tile blocks. Sink: Single-bowl, porcelain. BATHROOM: Flooring: Carpet Walls: Vinyl and painted plaster. Bathtub: Built-in. Lavatory: Wall-mounted. Water closet: None Medicine cabinet: Built-in. CONSTRUCTION: Joists: Wood Beams: Wood Columns: Wood Plumbing: Copper and iron. HEATING: Oil-fired steam system. Not operable at time of inspection. COOLING: None HOT WATER: Supplied by the heating system.. ELECTRIC: 100-ampere,disconnected at time of inspection. �THER: There is a brick fireplace located in the living room. Attached to the dwelling is a covered front porch and an enclosed rear porch. Also located on the site is a one- story detached brick garage. GENERAL CONDITION: All improvements are considered to be in generally poor condition on the interior and on the exterior. It is unknown if the mechanical systems are adequate and functioning properly. 9 � a � a� THE APPRAISAL PROCESS Three approaches to value are generally included in an appraisal report. These techniques include the cost approach, sales comparison approach, and income approach to value. The cost approach to value is based on the assumption that the reproduction cost of a building plus land value, tends to set the upper limit to value. A key assumption is that a newly constructed building would have advantages over the existing building, therefore an evaluation focuses upon disadvantages or deficiencies (depreciation) of the existing building compared to a new facility. Due to the age of the subject improvements, the cost approach is considered to be inappropriate and has, therefore, not been included in the development of this appraisal report. The sales comparison approach to value assumes that under normal conditions, a given number of parties acting intelligently and voluntarily, tend to set a pattern from which value can be estimated. Application of this approach relies on a comparison of the subject with a sufficient number of recent transactions of comparable properties in the market, based on a common unit,such as price per square foot of building azea. The income approa�ch concerns itself with present worth of the future potential benefits of a property. The initial estimate involves the net income, which a fully infonned person is justified in assuming the property will produce during its remaining useful life. This estimated net income is then capitalized into a value estimate, based upon the level of risk as compared with that of a similar type and class. Since homes similaz to the subject aze not typically utilized as income-producing investment properties, the income approach to value is considered to be inappropriate and has, therefore, not been included in the development of this appraisal report. 10 � 13o�' a� '� SALES COMPARiSON APPROACH In azriving at this conclusion of the value of the subject property, the appraiser made a survey of properties that have sold in the area of the subject property. Consideration w�s given and adjustments were made on each comparable sale as to time of sale, size, location, as well as all other factors that might affect value. A resume of some of the sales considered by the appreiser is as fotlows: SALE NO. 1: . Location: 10 East Street, Mt. Holly Springs. Date of Sa1e: July 19,2010. � Sale Price: $76,000 Size: 1,887 square feet. Unit Price: $40.28 per square foot. SALE NO. 2: Location: 158 "A" Street, Carlisle. Date of Sa1e: November 8, 2010. Sale Price: $72,500 Size: 1,599 square feet. Unit Price: $45.34 per square foot. SALE NO. 3: Location: 900 Franklin Street, Carlisle. Date of Sale: February 28, 2011. Sale Price: $70,000 Size: 1,632 square feet. Unit Price: $42.89 per square foot. The appraiser, in addition to the sales listed, also considered several additional sales in atriving at his final opinion of value. On the Sales Comparison AnaTysis form that follows this page are dollar adjustments reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made,thus reducing the indicated value of the subject; if a significant item in the comparable is inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject. After making all of the necessary adjustments, it is the appraiser's considered opinion ; that the indicated value of the subject property by the Sales Comparison Approach is $52,000. 11 I � �� SALES COMPARISON ANALYSIS ITEM SUBJECT COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 403 Walnut Street 10 East Street 158"A"Strcet 900 Franklin Strat Addreu Boiling Springs Mt Holly Springs Cariisle Cariisle Proximity to Subject 3.93 miks 6.1 l miiq 6.62 miles Sak Prioe N.A. 576,000 572,500 570,000 Price/Sq.Ft.GL.A N.A. 540.28 543.34 542.89 Data Source Inspection Courtf�ouse dc Centn!Penn M1.S Courthouse 8t Central Penn MIS Courthouse dt Centra!Penn M[S ADJUSTMENfS DESCRIP'tION DESCRIP'TION S Adjust. DESCRIPTION S Adjust. DESCRIPTION S Adjust. Sales or Financing 54,000 buyer cl.costs Concdsio�s paid by scller. -4,000 None None Date of Sale/Time As of 3-26-12 7-19-10 l 1-8-10 2-28-11 [.ocation Aver�ge Similar Superior -7,300 Su petior -7,000 Site/View .22 ecx+e .38 acre -2,000 .I'l acro .23 acr�e Design�d Appeal 1 h-story detached Similar Similar 2-story detached ConsWction Bridc Vinyl siding +5,000 Aluminum siding +5,000 Vinyl siding +5,000 Age 89 yeara 70 years 110 years 83 years Condidon Poor Superior -?,600 Superior -7,300 Superior -7,000 Above(}rade Tot. 8ed. Bath Tot. Bod. Bath To� Bed. Bath To� Bed. Bath Room Count 7 4 1 7 3 2 -2,000 7 3 1'/: -I,000 7 4 l Gross Living Area 1,704 squaro feet 1,887 square fat -3700 1,599 square feet -2,100 1,632 square foet B�e�nent�Finishod Rooms Below C3nrde FuU ba,4ement Similar Similsr Simil� Fwtctional Uqli Av a Similar Similar Similar Heatin /Codin I 1 steam Oil-fircd hot air -2 000 Ga�-fired hot water -2 000 Oil-fired hot air -2 000 /C OcK-car None +2,000 None +2,000 None +2,000 Porchea,Patios Porch,enclosed 2 porches,2 storage Porch,attachcd swr. Pools etc. h buildin . -500 Porch, bld buildin Special Er�gy Typical for the E�cient Items Similar Similar Similar Fi 1 s Fi lace None +1,000 None +1,000 N�e +1000 Ottkr(e.g.kitchen No pub.sewer conn., Public water and Public watu and Public water and equip.,remodeling) water fm.ne�ct door. sewer conr�ections. -l 0,000 sewer connections. -10,000 sewa connecdons. -10,000 Nd Ad'. total -23,800 -17,500 -18,000 Indicatod Value of Sub'ect 52 00 55 000 52 000 FINAL INDICATED VALUE OF SUBJECT PROPERTY: $52,000 : 12 I 5 0-� �� . CORRELATION Correlation may be defined as "the bringing together of parts in a proper relationship." The parts of this appraisal report are the following approaches to value your appraiser used: Value Indicated by Cost Approach N.A. Va1ue Indicated by Sales Comparison Approach $52,004 Value Indicated by Income Approach N.A. These approaches are representative of the market value of the subject property. I have carefully reexamined each step in each method, and I believe the conclusions accurately reflect the attitude of typical purchasers of this type property in this neighborhood. It is my belief that this reexamination has confirmed the original conclusions. The Cost Approach will result in an excellent estimate if all elements are figured accurately, because no prudent person will pay more for a property than the cost to produce a substitute property with equal desirability and utility. Purchasers of the type of dwelling typical of the subject property aze more concerned with amenities than with hypothetical replacement of the property. Due to,the age of the subject improvements,the Cost Approach is . considered to be inappropriate and has�not been included in this appraisal report. The Sales Comparison Approach was based on several recent sales of properties similaz to that of the subject, a11 of which are located in the same general area. The adjusted sales prices are most consistent under comparison. This approach is the most reliable because it reflects the reactions of typical buyers and sellers in the market. The Income Approach is most applicable to income producing properties or properties that are primarily utilized for income producing purposes. Purchasers of income producing properties are willing to pay no more for a particular property than the net operating income will support. Since the majority of properties similar to the subject are not utilized for income producing purposes,this approach to value has not been included in this appraisal report. Therefore, as a result of this appraisal and analysis, it is this appraiser's considered judgment and opinion that the Mazket Value of the subject property,as of March 26, 2012, is: FIFTY-TWO THOUSAND DOLLARS $52,000 13 �c� � as UNDERLYING ASSUMPTIONS AND�L[MITING CONDITIONS SUBJECT TO THIS APPRAISAL 1. I assume no responsibility for matters legal in nature, nor do I render any opinion as to the title, which is assumed to be marketable. The property is appraised as though under responsible ownership. 2. The legal description used herein is correct. 3. I have made no survey of the property, and the boundaries are taken from records believed to be reliable. 4. I assume that there are no hidden or unappazent conditions of the property, subsoil or structures which would render it more or less valuable. I assume no responsibility for such conditions or for engineering which might be required to discover such factors. 5. The information, estimates, and opinions furnished to me and contained in this report were obtained from sources considered reliable and believed to be true and correct. However, no responsibility for accura�y can be assumed by me. 6. This report is to be used in its entirety and only for the purpose for which it was rendered. 7. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser or the firm with which he is connected) shall be reproduced, published, or disseminated to the public through advertising media, public relations media,news media, sales media, or any other public means of communication, . without the prior written consent and approval of the appraiser. 8. This appraisal was prepared under the extraordinary assumption that any easements or rights of way of record have no adverse impact upon the highest and best use or value herein reported. A title search was not requested nor included in the scope of work for this assignment. 9. This appraisal was prepared for the exclusive use of the client identified in this appraisal report. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the infonnation available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are the sole responsibility and at the sole risk of the third party. The appraiser accepts no responsibility for damages suffered by any third party as a result of reliance on or decisions made or actions taken based on this report. 14 ( �"lo-� a5 CERTIFICATE OF APPRAISAL I certify that,to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analysis, opinions, and conclusions aze limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses,opinions,and conclusions. 3. I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5. My engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this aPPraisal. 7. My analyses, opinions, and conclusions were developed, and this report has been . prepared, in conformity with the Uniform Standards of professional Appraisal Practice. 8. I have made a personal inspection of the property that is the subject of this report. 9. No one provided significant real property appraisal assistance to the person sign- ing this certification. . Larry E. Foote Pa. Certified General Appraiser GA-000014-L 15 I a-� �S � PRIVACY NOTICE Pursuant to the Gramm-Leach-Billey Act of 1999,effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. » In the couxse of performing appraisals, we may collect what is known as"nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties,except as necessary or as required by law. By way of example,a necessary disclosure would be to our independent contractors, and in certain situations,to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of ow independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal assignment is to be maintained in strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better a�le t4 assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties,we maintain physical, electronic and procedural safeguards that comply with our professional standards to insure the security and integrity of your information. 16 c b� �� I � LARRY E. FOOTE REAL ESTATE APPRAISER EXPERIENCE: 1979-Present: Chief Appraiser,Diversified Appraisal Services,Carlisle, Pa. Principal Broker,LaRue Development Company,Carlisle, Pa. 1976-1979: Associate Broker,Colonial Realty,Carlisle,Pa. 1972-1976: Realtor Associate,Jack Gaughen Realtor,Cartisle,Pa. Appraisal experience included undeveloped land,farms,building lots,single-family dwellings,mobite home parks,medical centers,nursing homes, motels,apartment buildings and complexes,o�ce buildings,service stations,veterinary clinics,rehabilitation centers,retail buildings,daycare centers, warehouses,and manufacturing facilities. EDUCATION: Bachelor of Business Administration,Pennsylvania State University, 1976. Associate Bachelor of Business Administration,Harrisburg Area Community Collego, 1974. Dipioma,Carlisle Senior High School, 1965. Certificate,Pennsylvania Realtors Institute,GRI I,GRI II,GRI III. Certificate,Realtors National Marketing Institute,CI 101,CI 102,CI 103,CI 104, CI 105. Standerds of Professional Practice,American Institute of Real Estate Appraisers. Real Estate Appraisal Principles,American Institute of Real Estate Appraisers. Residential Valuation,American Institute of Real Estate Appraisers. Appraisal Procedures,Appraisal Institute. Principles of Income PropeRy Appraising,Appraisal Institute. Case Studies in Real Estate Valuation,Appraisal Institute. Report Writing and Valuation Analysis,Appraisal Institute. � PROFESSIONAL LICENSES: General Appraiser#GA-000014-L,Commonwealth of Pennsylvania. Real Estate Broker#R.B-029729-A,Commonwealth of Pennsylvania. PROFESSIONAL DESIGNATIONS EARNED: GRI: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyl- vania Association of Realtors. CRS: Certified Residential Specialist,awarded by the Realtors National Market- ing Institute of the National Association of Reaitors. CCIM: Certified Commercial Investment Member,awarded by the Realtors National Marketing Institute of the National Association of Realtors. PROFESSIONAL ORGArTIZATION AFFILIATIONS: National Association of Realtors Appraisal Section. Greater Harrisburg Association of Realtors. Pennsylvania Association of Realtors. National Association of Realtors. Realtors National Marketing Institute. 17 ao � �S PAST CLIENTS: Borough of Carlisle American Home Bank Keystone Financial Mortgage Trans Union Comerstone Federal Credit Union M&T Mortgage Corporation Pennsylvania State Bank Cody Financial Mortgage Services Commerce Bank Waypoint Bank Cumberland-Perry Association for Retarded Citizens Northwest Savings Bank Carlisle Suburban Authority Blue Ball National Bank Members 1�Federal Credit Union Adams County National Bank Pennsylvania National Bank Countrywide Home Loans Evans Financial Corporation Aarrow Mortgage Greenawalt&Company,CPA Various law firms and individuals Smith's Transfer Corporation Cariisle Department of Parks and Recreation Executive Relocation Services Cariisle Area School District Messiah Homes,Incorporated ERA Eastem Regional Services Pennsylvania Turnpike Commission : Chase Home Mortgage Corporation Defense Activities Federal Credit Union Pennsylvania State Employees Credit Union PNC Mortgage Corporation � F�M Tnist Company National City Mortgage Corporation Washington Mutual Home Loans,Inc. Prudential Relocation Services Lender's Choice Market Intelligence,Incorporated United Telephone Employees Federal Credit Union Cumberland County Commissioners Alistate Enterprises Mortgage Corporation ' Dickinson College PPG Industries,Incorporated Gettysburg College Redevelopment Authority of Cumbertand County Record Data Appraisal Services,Incorporated First United Federal Savings Association Fulton Bank United States Marshall Service GMAC Mortgage Corporation Orrstown Bank Letterkenny Federal Credit Union BancPlus Mortgage Corporation Coldwell Banker Relocation Services,Incorporated Central Pennsylvania Savings Bank Mellon Bank Provident Home Mortgage Corporation Drovers Bank 18 a � � �s .i" r.' ;�r - att' F� ., ,� y f .t . � - s /. �y � .f . i! °.'�4. +?K r �.. . . �'� '-�"j��1a}� .., r�. � , , t�,� .; " ��' ,, ,. . � , �� ., '� �� . � �� ,�� s � � . . i ,,� _.:�v, � ",F� ,� }�. ' . �"'�M� ��,,,.. 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Y� . . . .. ` .. _ . . "�,�F , ' � " ,"R,..N � , ."3� r►' ' ,. , n �� i .r:� �� " , . �*rt�_ .._ � ) .. -..�.t . .. ...i._-_--� � .�� . �..��r;4,� �, W� s r. ,. :•� � :� '."�-4:., -"C_$��}-2,e(.., �K�{r=�...y� �` k , .. / � . . / � _ .. � y!�� xW1 �_t f.�""'.+'h= �� /�J ,�.i:• . � 1 � , , � 1 � , �' � '� ' / � ' � � =_ N w . � � � i I I t �' �� i � �' ��r � �h ��"3 =�. . ; � i ; '� i ; � � , � � . � •� ' , I � � i' ,.±v PHOTOGRAPHS OF THE SUBJECT IMPROVEMENTS 20 �3 � �5 ,� � ,�o� � �' �- ,• ,� '�= , �� . � . ^i �.i � t � � �A i w �_ . R �'.c . �'' ..._. � �, 4:- .,._� ' . „ . �- .-.,.,�� s .,��, .�", '.i,, 'ii_ _ .�; • - '" _k � ' �4 ._. ��` � L; + �. _ r r j ,� ,�,, +��: . ,►r�.t'4 �� l s�. •� t J^�,M��. �.�. � ' , ' , � . . * � '" ` :�� . . � =A� " . �� I,.. , . `, . 7 1 ,'. . t.��y�. � .. ar��` � �� _ _� �� n � , �� .� . � f� .�. -,_ :�s:.. ____,�. � � . . � . -�`��,:' _ � A � . �� ..�w � __ — �:��.�'�� _ �. ._ '° ` ° �.��_.'�_� ._'J� � I � _� . � �_ � � �.`�.'r , . �:� _ ,, ' ' ' � , � � , - • . _ M . 0 6m ft � f`� �1�$� ��.._J ? p—`, ;�.,_.,,e!�'�''' � �V q��s ,�' � � � '�'1"' �' _ � � � � �.gt �7t ' � � -�� -. . 2�� g� .I 3i� ; ti,�,...,. � �,'� � � �� Subject 9�,� � � �� `�a. a��.� �ti �� Q � � _ � � � � . � Yeftow �� . ' � � ,,,,, ,� .,�•-f,.. . . t4�� . .. . .. . � . Cr+�edk {r ITiSpQI!@St �� , m2�12.� ��ttM�s m2�12 Mts�a�N�AVTE4 SUBJECT PROPERTY LOCATION MAP 22 ��,� o-� a� . N - t01•AT—Warranty Deed, Short Fo►m,Act of 1909. lienry Hall, Inc., indiana. Pa. � � MADE THE � �� day uf October i�r thP ��ar of u��r Lor�1 m1e thor�san�l nine h��nd��ed Eighty-Nine (1989) . �ETWEEN NELLIE HAMILTON KUNKLE, Widow, of Boiling Springs, South Middleton Township, Cumberland County, Pennsylvania Grantu�� , and PAUL W. KUNKLE, single man, of Boiling Springs, South Middleton Township, Cumberland County, Pennsylvania � Grante� . WITNESSETH, that in conaideration of ONE DOLLAR------------------------- ------------------------------------------------------($1.00) Dollars, tin ha�ul paid, the reeei�t zuhe.rc�of is he�rc�l►y aekn�nvled�e.d, thc� said �rc!ytto�• do e8 hereb{/ qrart and eon��ey to the said g�rnntee . his heirs and assigns ALL THAT certain messuage and tract of land situated in the Village of Boiling Springs, in the Township of South Middleton, County of Cumberland, State of Pennsylvania, bounded and described as follows: BEGINNING at a post at corner of Walnut Street and an alley; thence along Walnut Street, South 34 3/4 degrees, East, Sixty (60) feet to a post, corner of lot now or formerly of .Tames Miller; thence by said lot of James Miller, South 55 1/4 degrees West, one hundred twenty-six (126) feet to an alley; thence along said Alley, North 34 3/4 degrees West, Sixty (60) feet to another alley; thence along said second alley, North 55 1/4 degrees, East� one hundred twenty-six (126) feet to a post, the place of BEGINNING. BEING the same premises which Emily B. Wilson, single woman, by her Deed dated April 18, 1946 and recorded in the Office of the Recorder of Deeds in and for Cumberland County, Pennsylvania, in Deed Book "�" Volume �_3 , Page ��, granted and conveyed unto Earl W. Kunkle and Nellie Hamilton Kunkle, his wife. The said Earl W. Kunkle died on October 8� 1989 and, by operation of law� title to said premises vested solely in his wife, Nellie Hamilton Kunkle, Grantor herein. This is a conveyance between parent and child and therefore is not subject to the realty transfer tax. i - � � � � o� �, �` f c� �, �� , —� �,� • ; v � T} � W � �.� -., � � i G'" ��.�, • r ; � �� doox�3� PacE 19� ;+ . ;. � h. �, �s-�� ` � �� N � � � AND the said g�'�tintor leer��by eoz�e�nant and agree that will warrant SpeCially the �rop�'•rt;a/ hereby conve.yed. IN WITNESS WHEREOF, 8aicl grarrtnr ha S herea�nto set her hund and seal the day and yea.r first above writte�+. /�Q c ( " �l-�2.-('rL-�i.C�._.,_.�''�'_---- --•- • -•-�'� . ��gneD,�eale�anD#�rlibereD -�Ve1lie Ham�ton Kun � in tye�re�cncc of f � � --- �� -- --- --T-- --�r-�----- ------------------- ss�L � ' ...-•--------- ----_ t�AL ----�-•-•-- --•-------------•---••-------------.....---....--- - Stcct,e �if PENNSYLVANIA 8S. Cot�rytt?/ nf CUMBERLAND O�. thi�, thc� �� ?! of OCtober . 19 gg . 1►efur•� m.�, the t�nder$i�ned �►jficer, personallg/ aip�pcarc�l Nellie Hamilton Kunkle ��,r, .. .,� �r. �. , k�lu�vn. to m�� (or satisfacto-r•il�y Uruven) to l�c th��p��r•so�n �<�ho�c n«nre is st�bsc.ri�fi�s�'�pyt'; `y�''.;, u�ithiir inst�-rcment,a-rt.rt�reknrrieletic�rd thal Sh�� :recr�t��l th.e samc fur thc��tr'�'��.'��'�;�,�;.0;. contain,��l. ' ':' - . ` ��, �, 1�'�� t�'ITNF;.tiS N'HI.�F,nF. 1 her��,rntn s��t ►ii.?.� h«n�l and offi�in.l �eal. '�,�»�`�*�� '� _ , � ;,� ----....�!�l�'7. -- ��--4.(--'�-�?X�--- � � �; �O � • � ��,, .�-�� •,,>�. G� � , '•,'`C' ---------------��%/-l--(J --•�-- ------ '' ---�a'-�1� -�1' (�Y. .,.. . BO�� NQTAR,AL 5fA! PAGE MAR,lORIE A DetUCA,NOTARY PUBLIC B�ILING SPRtN(`� CUk"F'«�A�JG COl.l1:7Y r . MY Cnhi� I;t�fl?.'Ft�it rc,ri :i'•c�,��i�) �qCl�:� � � �� . �as�,:...-"c�<.sxeKO:.�_�--..�-^�a:ws,�sa� � 5tate of l ` .>,5, C,'ottnt�� of ( � On this, the +l�ri/ oj , l9 , Uefore �na��, � tlte lencle�:si.�/�ned u�fi.cf��, pe�•tioraiilly a.�pNr�arecl Icrtu�►vn to me (��•x�tti�juc•toril�y ��►�oeF�n) to I�r� th� l�erson tvhvse ,rarr�e �r�Uscri6e�l to t,he �vithin.inst�rar,ment, �c��i.d ack►i��cledc/��cl that ize ��.recz�tr�d the sa�me fu�r the piu•poses therei�rt �ont,ained. IN 66'ITNF,SS 6YHEREOF, ! h.ei•e�ruto set i�iy liand ctncl oifieial aeal. .----•----------------•-..--------,--------- ---- -------�----------•-•---•-�-- s�AL � -•--•----- -•---------------------------••----••----•-•--•-•-•-----•----.... " Title of OJficer. do hereb� ce►•tif� th�tt th:� �rr•ecise reside�ece ��ncl co-mplet� ust uJf�ce«dd�•esa of the within nnnted gr•crRtev is �S �� ) , L , �Q� �Q�.K CJlt�t.l�.. V C� \�1 � 1y U --- �•--- ------•---�-----�--�--�...............•••-•--••---••---._...---•-----•- .4ttown��y f�r ------------••--•------------••-------------•--••-•----•---•• � � � O � -+� +> a ro b ' �"' � Z c�7 C7 I E"" b° d, � � z � Z - d d,0 G:, o ° � � i`� � � z Q a � I T � �W-+ 3 � a � w Q z a COMMONtiVEALTH OF PENNSYI,VANIA , / � ss. Corr�r.ty uf ----- -�N�l QJiti--------------- � . �� C.� .: • RECORDED on thzs _ _..�----�------_ da.� nf --------� --------------�------------ -- • � �. -,:< F,-» .,.. ;. , .�. D. i�� in th� Peco►•rler's u/}'cce. of the, sni�! Co+r►�tr�, in Deed, Eook � , 1 ' ,'R� ' �� . - � � � .' 1 . • �tl�~ � � 5. • j � � .� 3 -� � �'�� ----------. Pane --- ------------------• -.� - ; ------ a �� ' ;' ,A Gi��n rrn�l:• �� cc�i�l ctnrl the l o � � ' of�ice, the dccte atxrve w►•tilten. .. ... . .r ' ' � ��\e.!o.x�+�a..� . ,, ,.w... .. ' .._ . . , -. -:� • � Reeorder. �., -----------------------------�----.....-----------------------------� _ _ BQO�� PAGE �9S 3 (5-�" �j � . � . APPRAISAL REPORT 405 WALNUT STREET BOILING SPRINGS, PENNA. PREPARED FOR PAUL W. KUNKLE BY LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES 35 EAST HIGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717)249-275 8 �_..� a<..e., � . � � a� _ w _ � SUMMARY OF IMPORTANT FACTS AND CONCLUSIOKS LOCATION: 405 Walnut Street Boiling Springs, Pennsylvania TAX PARCEL NUMBER: 40-30-2659-003 IMPROVEMENTS: Two-story detached single-family dwelling. PROPERTY RIGHTS: Fee simple interest. , OWNERSHIP HISTORY: The subject property is owned by Paul W. Kunkle. The property last transferred on October 24, 1989 for a reported consideration of$1.00 and ownership conveyed on deed reference 34-G-193. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valua,tion of the subject. CLIENT: Paul W. Kunkle. INTENDED USER: Paul W. Kunkle. OBJECTIVE: To estimate the mazket value of the subject property as unencumbered. , EFFECTIVE DATE: March 26, 2012. INSPECTION DATE: Mazch 26, 2012. HIGHEST AND BEST USE: Continued use as a single-family residence. COST APPROACH: N.A. SALES APPROACH: $65,000 INCOME APPROACH: N.A. FINAL VALUE CONCLUSION: $65,000 2 �' � �5 _ . . THE VALUATION PROCESS The valuation process is defined in The Appraisa!vf Real Estate as published by the Appraisal Institute,as"a systematic set of procedures an appraiser follows to provide answers to a client's questions about real property value." It consists of a series of steps that are appropriate to a specific and particular appraisal assignment that begins with a client engaging a real estate appraiser to develop an opinion of value for a specific property as of a given effective date and ends when the appraiser communicates and reports the final conclusions and opinions to the client. Definition of the Appraisal Problem: The first step in the appraisal process includes the presentation of the following: 1. Identification of the client,the intended use, and the intended users of the appraisal report. : 2. The purpose of the appraisal, including a definition of the value being reported. 3. Determination of the effective date of the appraisal report. 4. Extraordinary assumpdons that aze applicable to the appraisal assignment. 5. Hypothetical conditions that are applicable to the appraisal assignment. Scope of Work: Scope of work is defined in the Uniform Standards of Professional Practice as being "the type and extent of research and analyses in an assignment." This includes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the property being appraised. Data Collection and Analysis: The appraiser must gather and analyze market area data, subject property data, and comparable property data that is relative and relevant to the appraisal assignment. Development and Application of Traditional Approac6es to Value: The appraiser must consider which of the three traditional approaches to value aze applicable,relevant,and necessary for developing a credible opinion of value for the subject property. These three traditional approaches to value include the Cost Approach, Sales Comparison Approach, and Income Capitalization Approach. When two or more of these approaches to value are developed,the appraiser must determine the amount of emphasis and consideration to be given to each of those approaches to value, since one or more may have greater significance in the appraisal of a specific property. Reconciliation of Value Indications and Final Opinion of Value: The final step in the valuation process is the reconciliation of the value indications developed by the appraiser. Reconciliation is the analysis of alternative conclusions to arrive at a final value estimate. Reconciliation is required because different value indications result from the use of multiple approaches to value and within the application of a single approach. The final value estimate is not derived simply by applying technical and quantitative 3 (� o� �� procedures, rather, it involves the exercise of judgment, and the value conclusion reached must be consistent with market thinking. 4 �l a� �� s � APPRAISAL CERTIFICATIt3N i hereby certify that upvn application for valuation by: PAUL W. KUNKLE the undersigned personally inspected the following described property: All tlilat cer�tain piece or �azcel of tand, with the improvem�nts thereon erected, situate in the Village of Bviling Springs,Cumberland County, Pennsylvania, baunded and described as follows: . Begunr�,iac�g at a past at corner of Walnut Street and an a11ey;thence along Walnut Street, Sauth 34.75 degrees East,6U feet to a post,corner of lot naw or formerly of James 1Vliller; . thence by said Iot of James Miller, South 55.25 degrees West, I2b feet ta an ailey;thence along said alley,North 34.75 degrees West,b0 feet to another alley; thence alang said secand alley, North 55.25 degrees East, 126 feet to a post, the place of beginning. To the best of my knowledge and belief the statements contained in this report are true and correct, and that neither the employrnent to make this appraisat nor the compensation is contingent upon the value reparted, and that in my opinion the Market Value as of March 26, 2U 12 is: SIXT"Y-FIVE T"HC�USANI} I�OLLARS $65,U40 The praperty was appraised as a whvle,subject to the contingent and timiting conditians outlined herein. � ' �.. : Larry E. Foote Pa. Certified C�eneral Appraiser GA-(}Q001�#-L 5 � O� �� > INTENDED USE OF THE APPRAISAL The intended use of this appraisal is to estimate the Market Value of the subject property as of March 26, 2412. Market Value is defined as the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the - passing of title from seller to buyer under conditions whereby: a. Buyer and seller are typically motivated. b. Both parties aze well informed or well advised, and each acting in what he considers his own best interest. c. A re�asonable time is allowed for exposure in the open market. d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto. e. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. Source: Office of the Comptroller of the Currency, 12 CFI §34.42(�. HIGHEST AND BEST USE Highest and Best Use is defined by the Appraisal Terminology and Handbook, published by the Appraisal Institute, as "the most profitable likely use to which a property can be put". The opinion of such use may be based on the highest and most profitable continuous use to which the property is adapted and needed, or likely to be in demand, in the reasonable near future. However, elements affecting value that depend upon events or a combination of occurrences which, while within the realm of possibility, are not fairly shown to be reasonably probable, should be excluded from consideration. Also, if the intended use is dependent on an uncertain act of another person,the intention cannot be considered. Based on the above definition and after seeing the site, neighborhood, and area, it is my opinion that the present use of the subject is its Highest and Best Use. 6 � ��F �� OWNERSHIP HISTORY The subject property is owned by Paul W. Kunkle. The property was purchased on October 24, 1989 for a reported consideration of $1.00 and ownership� transferred on deed reference 34-G-193. ESTIMATED MARKETING TIME The reasonable mazketing time is an estimate of the amount of time that it would take to sell a property at the estimated mazket value during the period of time immediately after the effective date of the appraisal assignment. It is estimated that if the subject property were o�ered for sale at the indicated Market Value, a reasonable marketing tirne would be six to twelve months. This estimate is based upon quarterly sales figures published by Central Penn Multi List, Inc. ECONOMIC TRENDS Historically, property values for similar properties have steadily increased, with vacancy rates remaining stable. However, the recent lag in the economy has resulted in a leveling of appreciation rates and longer markering times. Financing is readily available to qualified purchasers at reasonable rates and tenns. EXPOSURE TIME The length of time the property being appraised would have been offered on the market prior to the hypothetical consummation of a sa,le at the market value on the effective date of the appraisal. Exposure time is presumed to precede the effective date of the appraisal. The reasonable exposure period is a function of price,time and use. It is not an isolated opinion of time alone. Exposure time is different for various types of property and under various market conditions. It is a retrospective opinion based on an analysis of past events, assuming a competitive and open market. It assumes not only adequate, sufficient and reasonable time but adequate, sufficient and a reasonable marketing effort. Exposure time and conclusion of value are therefore interrelated. Based upon the information presented in this report, a reasonable exposure time for the subject property is estimated to be six to twelve months. 7 I U �� S[TE DATA ADDRESS: 405 Walnut Street "rOWNSHIP: Village of Boiling Springs, South Middleton Township COLJNTY: Cumberland STATE: Penrisylvania LOT SIZE: .17 acre. SEWERS: Public utiliry. WATER: �'ublic utility. ELECTRICITY: Public utility. LANDSCAPING: None DETRIMENTAL INFLUENCES None. Pride of ownership is evident throughout the neighborhood. DESCRIPTION OF IMPROVEMENTS GENERAL DESCRIPTION: Two-story detached single-family dwelling containing approxi- mately 1,056 square feet of gross living area above grade. CONDITION: Exterior: Fair to poor. Interior: Poor ROOMS: First Floor: Living room, dining room and kitchen. Second Floor: Two bedrooms and a full bathroom. Basement: Full,with dirt floor. EXTERI�R: Foundation: Stone. Walls: Aluminum siding. Sash: Vinyl-clad, double-glazed replacement windows. Gutters: Steel,painted. Roof: Gable,with slate; and shed,with metal.. 8 ( � b� �� INTERIOR, PRINCIPAL ROOMS: Flooring: Yellow pine and vinyl. Walls: Plaster Ceilings: Plaster Trim: Wood, painted. KITCHEN: Cabinets: Wood, painted. Counters: Linoleum Walls: Plaster, painted. Flooring: Vinyl Sink: Single-bowl,porcelain. BATHROOM: Flooring: Wood,painted. Walls: Plaster,painted. Bathtub: Built-in. Lavatory: Wall-mounted. Water closet: None Medicine cabinet: Built-in. CONSTRUCTION: Joists: Wood • Beams: Wood Columns: Wood Plumbing: Copper and iron. HEATING: Oil-fired steam system. Not operable at time of inspection. COOLING: None HOT WATER: None ELECTRIC: 100-ampere,disconnected at time of inspection. OTHER: There is a brick fireplace located in the dining room. Attached to the front and one side of the dwelling are covered porches. Also located on the site is a one-story brick storage building and a one-story frame storage building. GENERAL CONDITION: All improvements are considered to be in generally poor condition on the interior and on the exterior. It is unknown if the mechanical systems are adequate and functioning properly. 9 ( � � a� THE APPRAISAL PRO�'ESS T`hree approaches to value are generally included in an app�raisal report. "Chese techniques include the cast approach, sales comparison approach, and income appraach to . value. T"he cost approach ta value is based on the assumption that the reproductian cost of a building plus iand value,tends to set the upper limit ta value. A key assumptian is that a newly cons�tructed building would have advantages aver the existing building, therefore an evaluatian focuses upan disadvantages or deficiencies (depreciation) of the existing building compared to a new facility. Due to the age of the subject improvements, the cost appraach is considered ta be inappropriate and has, therefore, n4t been included in the devetopment of this appraisal report. T`he sales cc�mparison approach t� va�,ue assumes that und�r norrnal conditions, a given number of parties acting intelligently and valuntarily, tend ta set a pattern frozn which value can be estimated. Application af this appmach relies on a eomparisan of the subject with a su.fficieni nwnber of recent transactions of comparable properties in the market, based �n a common unit,such as price per square foat of building azea. The income approach concerns itself with present wc�rth of the futtue pc�tentia.l benefits of a property. The initial estimate involves the net income, which a fully informed person is � justified in assuming the property will produce during its remaining useful life. This estimated net income is then capitalized into a value estimate, based upon the levei of risk as comgared with that of a similaz type and class. Since homes similar to the subject are not typically utilized as incame-producing investment properties, the income appraach to value is considered ta be inapprapriate and h.as, therefare, not been included in the development of this appraisal report. 10 � � t�� J SALES CC3MPARiSC�N APPROACH In arriving at this conclusion of the value of the subject prop�rty, the appraiser made a survey of praperties that have sold in the area of the subject property. Consideratian was given and adjustments were made on each comparable sale as to time c�f sale, size, location, as well as all other factors that might affect value. A, resume of some of the sales considered by the appraiser is as follows: SALE �t0. 1: Location: 29 Mountain Street,Mt. Holly Springs. Date vf Sale: C►ctober l8,2011. . Sale Pnce: $81,000 Size: I,3b4 square feet. Unit Price: $59.38 per square foot. SALE NO. 2: Location: 1 t�3 W. Butler Street,Mt. Hc�lly Sgrings, Date of Sale: Septernber 34,2010. Sale Price: $95,U00 Size: 1,2f�4 squ.are feet. Unit Pnce: $78,90 per square foot. SALE NC}. 3: Location: 26 E.Pine_Streei,Mt. Holly Springs. Date of Sale: May 19,2011. Sale Price: $65,{}�}0 Size: 1,316 square feet. Unit Price: $49.39 per square faot. The appraiser, in addition to the sales listed, also considered several additianal sales in arriving at his final opinion of value. On the Saies Camparison Analysis form that follows this . page are dollar adjustments reflecting market reactivn to those items of significant variation between the subject and comparable properties. If a significant item in the comparable praperty is superior to, or more favorable than, the subject property, a minus (-} adjustment is made,thus reducing the indicated value of the subject; if a significant item in the comparabte is inferior ta, or less favorable than, the subject property, a plus (+) adjustrnent is made, thus inereasing the indicated value of the subject. After making all of the necessary adjustments, it is the appraiser's considered apinion tha�t the indicated value of the subject property by the Sales Comparison Approach is$6S,OOU. 11 �� SALES Ct�MPARISON ANALYS�S ITEIVf SUBJE�T CC}14�IPA,FCABLE #1 C+()MPARABLE #2 C{�MPARABLE #3 40S Wslnut Stroet 29 Mcwntain Strat 143 W.Butla Stnxt 26 E.Pine Strdet Adde�sa i3oiling Sprin�s M�Nally Springs Mt Haliy Springs Mt.E{aily Springs Praximity ta Subja;t 4.02 miks 4.39 miiar 4.75 miles Sak!'ric� N.A. �►8t.000 S95,000 xl5rS,000 Prica/Sq.Ft.GL.A N.A. SS9.38 578.90 $49.39 Dap►Sc�urcx Inspoction Courthouse,�Ces�mtl Penn MILS Caurthoust dt Cattrsl P+�sui MILS Cowthause&Cent:ai Penn MELS ADJUSTMENTS DESCR[P'l"10N DESCRIPTtON $ Adju�st. D�SCRiPT10N S Adjust. DESCR1PT14N $Adjust. Saks or Firtrtcing S2,8S0 buyer ci.costs Conc�essivns None Paid by scUer. -2,$SO Noae Dat�af Ssk/Tim�e As of 3•26-12 10-18-1 l 9•30-10 5-19-11 Location Avernga Similar Similar Simi}er Siu!View .!7 ac�re .t6 acre .1 S acre .l?acre . Design and Appeel Twa-story d�� Simitar Similar Simitar ConsUuciion Al�inum sidi�tg Vinyl siding A1um.&vinyt siding Aluminum siding Age 82 yea�rs 11 l ycsrs I 10 ycars 63 yea�rs Condition Poor Snperior -8,i 00 Superior -t 9,008 Superior -6,500 : Afiar►e Gtsde Tc�. Bed. Bath TtK. Btd. Batlt To�. Bcd. Battt Tot, Btd. HaLh Room Count S 2 1 S 2 l 6 3 1 -2,000 4 2 l -1,000 Grosa Liviag Arca 1,�56 squar+e fat i,3b4 squarc fieet -9,2t}0 1,204 square fect -4�40a t,31b squ�rt fcet •�,800 Bmemeni dkFin� Rooma Belaw Grade Fuit basernent Simiiar Simiiar Similar Funcponsl Utiii Av e Similar Similar Similmr Hatin /Cooli I st�am 4i1-fu+ed hot air -2 OO�D Bsbd.ekc.&hat air -2 000 Gas-fircd hd water -2 000 1 C Na�e None Ncxto One-c�v -S OOQ Porchos,Patiaa Two porches,large Porch,patio,rncl. Porch,wood deck,2 Pool buildin Porch, b1d +2 000 ch,2 stor.bl s buildin +SOQ Special E�nergy Typical for the � Ffftciet�Items 'an. Similar Similar Simil� Fi I s Fi la�x None +t,Q00 None +i,Q00 Fi iace Other(e.g,kitcheri equip.,remodelin�} Buih-ins. 3imiiar Simifias Similar Nd Ad'. t� -tb,300 -29 00 -�1 00 Indicmtod Value af Sub' 64 7t)Q 6S 800 60 8U0 FINAL II'+IDICATED VALiJE C)F SUBJECT PRC�PERTY: $65,UQ0 12 � -r�5 c5-� ��' CORRELATION Correlation may be defined as "the bringing together of parts in a proper relationship." The parts of this appraisal report are the following approaches to value your appraiser used: Value Indicated by Cost Approach N.A. Value Indicated by Sales Comparison Approach . $65,000 Value Indicated by Income Approach N.A. These approaches are representative of the market value of the subject property. I have carefully reexamined each step in each method, and I believe the conclusions accurately reflect the attitude of typical purchasers of this type property in this neighborhood. It is my belief that this reexaminarion has confirmed the original conclusions. The Cost Approach will result in an excellent estimate if all elements are figured accurately, because no prudent person will pay more for a property than the cost to produce a substitute property with equal desirability and utility. Purchasers of the type of dwelling typical of the subject property are more concerned with amenities than with hypothetical � replacement of the property. Due to the age vf the subject improvements, the Cost Approach is considered to be inappropriate and has not been included in this appraisal report. The Sales Comparison Approach was based on several recent sales of properties similaz to that of the subject, all of which are located in the same general area. The adjusted sales prices are most consistent under comparison. This approach is the most reliable because it reflects the reactions of typical buyers and sellers in the market. The Income Approach is most applicable to income producing properties or properties that are primarily utilized for income producing purposes. Purchasers of income producing properties are willing to pay no more for a particular property than the net operating income will support. Since the majority of properties similar to the subject are not utilized for income producing purposes,this approach to value has not been included in this appraisal report. Therefore, as a result of this appraisal and analysis, it is this appraiser's considered judgment and opinion that the Market Value of the subject property, as of March 26, 2012, is: SIXTY-FIVE THOUSAND DOLLARS $65,000 13 (� a-� a5 UNDERLYING ASSUMPTIONS AND LIMITING CONDITIONS SUBJECT TO THIS APPRAISAL 1. I assume no responsibility for matters legal in nature, nor do I render any opinion as to the title,which is assumed to be marketable. The property is appraised as though under responsible ownership. 2. The legal description used herein is correct. 3. I have made no survey of the properry, and the boundaries are taken from records believed to be reliable. 4. I assume that there are no hidden or unappazent conditions of the property, subsoil or structures which would render it more or less valuable. I assume no responsibility for such conditions or for engineering which might be required to discover such factors. 5. The information, estimates, and opinions furnished to me and contained in this report were obtained from sources considered reliable and believed to be true and correct. However, no responsibility for accuracy can be assumed by me. 6�. This report is to be used in its entirety and only for the purpose for which it was rendered. : 7. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraiser or the firm with which he is connected) shall be reproduced, published, or disseminated to the public through advertising media, public relations media, news media, sales media, or any other public means of communication, without the prior written consent and approval of the appraiser. • 8. This appraisal was prepared under the extraordinary assumption that any easements or rights of way of record have no adverse impact upon the highest and best use or value herein reported. A title search was not requested nor included in the scope of work for this assignment. 9. This appraisal was prepared for the exclusive use of the client identified in this appraisal report. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are the sole responsibility and at the sole risk of the third party. The appraiser accepts no responsibility for damages suffered by any third party as a result of reliance on or decisions made or actions taken based on this report. 14 �� b� �S CERTIFICATE OF APPRAISAL I certify that,to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analysis, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional anatyses,opinions,and conclusions. 3. I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5. My engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7. My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of professional Appraisal Practice. 8. I have made a personal inspection of the property that is the subject of this report. 9. No one provided significant real property appraisal assistance to the person sign- ing this certification. . Larry E. Foote Pa. Certified General Appraiser GA-000014-L 15 I � � a� PRIVACY NOTICE ' Pur.�uant to tl�e Gramm-Leach•Billey act of 1999,ef�'ective July 1,2001, appraisers, ` along with all praviders of personat financial services are now required by federal Iaw to infonn their clients of the palicies of the firm with regard to the privacy of client nonpubiic p�ersonal infonnation. As professionals,we understand that your privacy is very important to you and are pleased ta provide you with this information. In the course of perfarnung appraisals,we may collect what is known as"nonpublic personal inf'arna�►.tion"about you. This information is used to facilitate the services that we pravide to you and may include the informatian provided to us by you du�ectly or received by us from other�with yout authorization. : We du not disclase any nonpublic p�ersonal informatic�n obt�uned in the co�rse of vur engagement with our client.�ta nonaff'iliated third parties,except as neces:�ary or as required by law. By way of exarnple,a necessary disclosure would be to our independent contractors,and : in ce��ain situations,t8 ut�re�ated�pa�rty consu)tants who need to lcnow t1�at inf8nnatian ta ' 33325�US IIi�IOYiC�lII�►Sp�?1'8138�.S�7Y1C�S t4 yOU. All ef our independent contractors and any third party consultaaa.ts we engage are informed that any information they see as part of an appraisal assignment is to b�main#��ined in strict confidence wit��in the firm. A disclos��re reguired by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard.to a legal action to which you are a party. We will reta�in records relating to professional services tha.t we have provided ta you for a reasonable time so tha�we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthc�rized access by third parties,we maint��in : physicat,electronic and procedural safeg�uards#hat comply with our professional standards to insure the security and integrity of your infornxatian. . 16 �� LARRY E. FOOTE REAL ESTATE APPRAISER EXPERIENCE: 1979•Present: Chief Appraiser, Diversified Appraisal Services,Carlisle, Pa. Principal Broker, LaRue Development Company,Carlisle, Pa. 1976-1979: Associate Broker,Colonial Realty,Carlisle,Pa. 1972•1976: Realtor Associate,Jack Gaughen Realtor,Carlisle, Pa. Appraisal experience included undeveloped land, farms, building lots,single-family dwellings, mobile home parks,medical centers,nursing homes,moteis,apartment buildings and complexes,office buildings,service stations,veterinary clinics,rehabilitation centers,retail buildings,daycare centers, warehouses,and manufacturing facilities. EDUCATION: Bachelor of Business Administration,Pennsylvania State University, 1976. Associate Bachelor of Business Administration, Harrisburg Area Community College, 1974. Diploma,Carlisle Senior High School, 1965. Certificate,Pennsylvania Realtors Institute,GRI I,GRI II,GRI III. Certificate,Realtors National Marketing Institute,CI 101,CI 102,CI 103,CI 104, CI 105. Standards of Professional Practice,American Institute of Real Estate Appraisers. Real Estate Appraisal Principles,American Institute of Real Estate Appraisers. Residential Valuation,American Institute of Real Estate Appraisers. APPraisal Procedures,Appraisal Institute. Principles of Income Properly Appraising,Appraisal Institute. Case Studies in Real Estate Valuation,Appraisal Institute. Report Writing and Vatuation Analysis,Appraisal Institute. PROFESSIONAL LICENSES: General Appraiser#GA-000014-L,Commonwealth of Pennsylvania. Real Estate Broker#RB-029729-A,Commonwealth of Pennsylvania. PROFESSIONAL DESIGNATIONS EARNED: GRI: Graduate of the Pennsylvania Realtors Institute,awarded by the Pennsyt- vania Association of Realtors. CRS: Certified Residential Specialist,awarded by the Realtors National Market- ing Institute of the National Association of Realtors. CCIM: Certified Commercial Investment Member,awarded by the Realtors National Marketing Institute of the National Association of Realtors. - PROFESSIONAL ORGANIZATION AFFILIATIONS: National Association of Realtors Appraisal Section. Greater Harrisburg Association of Realtors. Pennsylvania Association of Realtors. National Association of Realtors. Realtors National Mazketing Institute. 17 �� b� �� PAST CLIENTS: Boraugh of Carlisle American Home Bank Keystone Financial Martgage Trans Union Cornerstone Federal Credit Unian M&T Mortgage Carporation Pennsylvania State Bank Cody Financial Mortgage Services �ommerce Bank �aypoint Bank Cumberland-Perry Associatian for Retarded Citizens Narthwest S�vings Bank ' Carlisle 5uburban Authority Btue Ball National Bank : Members l�Federal Credit Union Adams Counfiy National Bank Pennsylvania National Bank Countrywide Home Loans Evans Financiat Carporation Aarrow Mortgage Greenawatt&Campany,CPA �arious!aw firms and individuals Smith's Transfer Corparation �arlisle I3epartment of Parks and Recreatia►n Executive Relucation Services Carliste Area Schoot District Messiah Homes,Incarpurated ERA Eastern Regional Services : Pennsyivania Turnpike Commission Chase Hame Mortgage Corperation Defense Activities Federal Credit Union Pennsylvania State Ernployees Credi�Union PNC Martgage Corporation F&M Trust�ompany National City Mortgage Cvrpc�ration Washington Mutual Home Loans,Inc. Prut�ential Relocation Services [.ender's Chaice Market Intelligence,Incorporated United Telephane Employees Federa�Credit IJnion Cumberland County Commissioners Allstate Enterprises Mortgage�orpcaration Dickinson College PPG Industnes,Incorprorated Gettysburg College Redevelopment Authority af Curnberland County Record Data Appraisal Services,Ineorporated First United Federal Savings Association Fulton Bank . United States Marshal�Service GMAC Mortgage Corporativn On�stown Bank : Letterkenny Federal Credit Union BancPlus Martga�e Corporation Caldwetl Banker Relacatian Services,Incarporated Central Pennsylvania Savings Bank Mellon Bank Provident Hame I'Vfortgage Carparatic�n Drovers Bank , 18 � � � �� y '.. a � �-�tsN � ro� ,r � ,� µ .. 4- '"�'�. ,-yr� � '� .. � . q� �'� yp�,y�,�t�� 3.;�.�'�„�;,�. ��,"?�C,��' L,� ttF �Y;��{f{f I# '�-��y� 1 ++�.� • �,1�4 . . �a`c�'rt" t YE'� . "y�.a!T' ��" .wy AJ.�`�! f+ ' _ t^.` . . 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Kunkle Valuation Date: 07/29/2012 Account: 14874.1 Processing Date: 10/15/2012 Report Type: Date of Death Number of Securities: 2 File ID: 14874.1.kunkle Shares Security Mean and/or Div and Int Security or Par Description HighlAsk LowlBid Adjustments Accruals Value 1) 594 WEYERHAEUSER CO (962166104) COM New York Stock Exchange 07/27/2012 23.99000 22.77000 H/L 07/30/2012 23.71000 23.29000 H/L 23.440000 13,923.36 2) 5509.908 AIM GROWTH SER (921129102; VKMGX) INV US MORTAGE A Mutual Fund (as quoted by NASDAQ) 07/27/2012 13.06000 Mkt 13.060000 71,959.40 Accrual as of 07/29, payable 07/31/2012 200.98 Total Value: $85,882.76 Total Accrual: $200.98 Total: $86,083.74 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.3.0) ��CII�, � ��n; a - 3 Estate Valuation Date of Death: 07/29/2012 Estate of: Paul W. Kunkle ':'aluation Date: 07/29/2012 Account: 14874.1 Processinq Date: 03/27/2013 Report Type: Date of Ceath Number of Securities: 3 File ID: 14874.1.kunkle Shares Security Mean and/or Div and Int Security or Par Description Hiqh/Ask Low/Bid Adjustments Accruals 'lalue 1} G�0� COCA COLA CO (191216100; KO) COM New York Stock Exchange 07/�7/2012 80.�4000 78.90000 H/L 07/30/2012 81.17000 79.57000 H/L �9.9�0000 31 , 988 . 00 2) 600 PPL CORP (69351T106; PPLJ COM New York Stock Exchange 07/27/2012 29.22000 28.90000 H/L 07/30/2012 29.29000 �8.96000 H/L 29.092500 17,455.50 3) 1460.492 PRUDENTIAL INVT PTFLOS INC 15 (74435E106; PBHAX) PRUD HI YLD A Mutual Fund {as quoted by NASDAQ) 07/2�/2012 5.54000 Mkt 5.540000 8,091.13 Daily Div. Accrual as of 07/29/2012 94.27 z'ota� va�ue: 57534.63 Total Accrual: 544.27 Tota1: .�r��578.90 Paqe 1 This repor*_ was produced with EstateVal, a p:oduct of Estate Valuations & Pricing Systems, Inc. If you ha��e questior.s, please contact EVP Systems at iB18) 313-6300 or www.evpsys.com. (Revision 7.3.1) � h. L'� , ��m`� � - l� St � MEMBERS 1't FEDERAL CREDIT U1�1ION PRIMARY OWNER: Paul W. Kunkie REGULAR SAVINGS ACCOUNT: Account Number/Suffix 198069-00 I Date Account Established 10/23/2000 . � �� Principal Balance at Date of Death $3,610.05 �--�h, � � Accrued Interest to Date of Death $.69 Total Principal and Accrued Interest �3,61Q.74 Name of Joint Owner None CHECKING ACCOUNT: Account NumbedSu�ix 198069-11 Date Account Established 05/25/2007 � --��(� � Principal Balance at Date of Death $4,274.21 �C� � Accrued Interest to Date of Death $.51 � Total Principai and Accrued Interest $4,274.72 Name of Joint Owner None � CERTIFICATE OF DEPOSIT Account Number/Suffix 198069-42 Date Estabiished 05/25/2007* Principal Batance at Date of Death $34,637.42 � Accrued Interest to Date of Death $21.26 ` L . �i ��m Total Principal and Accrued Interest $34,658.68 � C� � Name of Joint Owner None *Rollover from Money Management Account 198069-05,originally established 05/08/2003. CERTIFICATE OF DEPOSIT Account Number/Su�x 198069-45 Date Estabiished 10/28/2004* Principal Balance at Date of Death $40,372.03 , ( Accrued Interest to Date of Death $109.94 C'� ��('1('� �-r Total Principal and Accrued Interest a40,481.97 �h. � 1 Name of Joint Owner None •Rollover from Money Management Account 198069-05,originally established 05/OS/2003. CERTIFICATE OF DEPOSIT Account NumbedSuffix 198069-52 Date Established 10/03/2006* � Principal Balance at Date of Death $66,540.00 � �� Accrued Interest to Date of Death $70.95 C Total Principal and Accrued Interest $66,610.95 ---�C • � Name of Joint Owner None *Rollover nom cert�cate 198069-44,originally established 10/01/2004. CERTIFICATE OF DEPOSIT Account Number/Suffix 198069-53 Date Established 10/12/2006* Principal Balance at Date of Death $15,760.50 ��` � , �,�,e� I Accrued Interest to Date of Death $8.46 Total Principal and Accrued Interest $15,768.96 Name of Joint Owner ponna K.Baker Date Joint Owne�ship Established 10/12/2006 *Rollover from certificate 198069-46,originally established 10/11/2005. - --�-�M� ` - � , 5��a C , �.., �C h� F� ��'�Y1 � � bt � 5000 Louise Drive • P.O. Box 40 • Mechanicsburg,Pennsylvania 17055 • (800) 283-2328 • wwwmembersl st.org CERTIFICATE OF DEPOSIT Account Number/Su�x 198068-56 Date Established 07/10/2008` ( ,� Principal Balance at Date of Death $67,321.09 r ��(1t"� `�t` Acc�ued Interest to Date of Death �82.11 —��' C� , �� Total Principal and Accrued Interest $67,403.20 Name of Joint Owner None *Rollover from certificate 198069-40,originaily established 10/23/2000. CERTIFICATE OF DEPOSIT Account Number/Suffix 198069-57 Date Established 07/10/2008" � P�incipal Balance at Date of Death $67,322.31 ��(n Accrued Interest to Date of Death $82.11 /C� � Totai Principai and Accrued Interest $67,404.42 =� � Name of Joint Owner None *Roilover from certificate 198069-43,originally established 07/08/2004. CERTIFICATE OF DEPOSIT Account Number/Suffix 198069-58 Date Established 08/30/2008' �j Principal Balance at Date of Death $49,903.69 � ��('� O Accrued Interest to Date of Death $34.45 �C� Total Principal and Accrued Interest $49,938.14 ` � ' Name of Joint Owner None *Rollover from certificate 198069-54,originally established 10/01/2007. CERTIFICATE OF DEPOSIT Account Number/Suffix 198069-59 � Date Established 12/05/2008* �� Principal Balance at Date of Death $13,447.18 � � Accrued Interest to Date of Death $9.80 �� Total Principal and Accrued Interest $13,456.98 ' Name of Joint Owner None *Rollover from Money Management Account 198069-05,originally established 05/08/2003. MEMBERS 1ST FEDERAL CREDIT UNION G��zG*2�- ' Leigh-Anne Stallings Lending Insurance Support Supervisor October 22,2012 Estate of:Paul W.Kunkle Date of Death:07/29/2012 Social Secu�ity Number:208-24-0802 2 � b� � � Oct, 22. 2012 9:57AM PNC Bank No. 9689 P, 1 .� �- ��''� ��. � :��.�� . October 22,20I2 1Vlelissa A Scholly Martson L,aw Offices � 10ET�ighSt C�zlisle,PA 17013 �: Paul W Kunkle SSN: 208-2�4-0802 DOD: 07-29-20 x 2 � Dear Ms. Sc1�olly: . In response to your request for�ate of Dea.th�(D4D)balances for t�e cra,stomer noted above,our records show t�e follo,wing: �a�vings Accou�nt Account#5130384631 Established: 01-1�4-�992 FAUL�W K�N�,� ` � . DO�balance: $3,�77.34+0.02 accrued interest -rjC,�1 '� , �� Ynterest pa�id 0�-01-2012 thrv.07-Z9-2012� 0.I S YZ'D IR.�.Account Account#65001016424 Established: 04-16-1994 P.A.U�.W KUN�.Y,E DQ�b�lance: � 7,1�8.22+0.85 accrued intere�t +- � ��Qa^� � 1 . Ynterest �id O 1-01-2012 tbru 07-29-2012� 5.34 YTD �L C`' � P �or benefici�ry i�o�mation,please ca111-888-762-4727.� PXcase nate that this office provides date of deat�balances for deposit accounts(�.As,CDs,Checking and Savings). 'VVe do not process a►ny fina.nciai transactions ar pro�vide si�atement.s. If�ou�need assistance with a�.y o�'these items,please call 1-$88-PNC-BANK(1-$$8-762-2265)or stop by your local PNC Bank braaeh off'ice, Sincerely, �ialaonal�'inancial Services Center PNC�ank,N.A. Member FD�C Page 1 of 2 . ��1�j .�� ' � � �ch . � t � � 3 d .ti � a� o �, o� '� � �U � � � � � y � N �� g�� A.� ER Q � � � � d O� �O � "� � C� �O A" p�q � � �y � � '" y F," U � � bA � p � � 0 � � � aa° � � � N d.� � � � � � N � w a. � � 0 ,d �i O t�" � ,�Q �,��p � 'Ly �0 � O �p � a� � � � � �� O +-� ,p � �b � � � � �' � �. � a� o °, �� ' o ,C 0 '�j v� a� ~ � 3 CV a� ,o � � r� � � ; 3 � � � �, � �: � 3 � � ��, .� ,� N o � � �" � � � 3 � 'O ;7 � � M Q � � d� � � � ~ � K � �"' �p i� t�1 �i Cw � � � +, w c� c� c� A � � � � �, � � o � � �, � � � � � � �1 U � � O A a,�,, � ,�' ° a $ w � � � � o •� � � w � ,�,� �,, .v •a � a�oi � � � 0 � N p � p +► � "d � c, !� a N .0 � � � � :Q a � 3 a��i � � `� 3 � � o v ty � '� d � xa � " ' � .� ° 3 �' � � � � ° � � o �, � � � � � r� � y � � � � p• � � � � � 3 � N b �,, � � ° b � � � �. � �c � o v � Q a� � ca �, cv +, � a � � � � \ � o � � � � v � � � U � � � v � � o N � o a� ,� [ -d � � 3 C� � � o � � � � � o S �° �, � oo � � � w � � � °` � (CS �, � � t`�. M V O� � *' N � � � � /4�) o ,� 3 ° � o a� � v ,��, � �. F�1 � N � � M � � 4-� �� C� 3 � � 'b Q �D .'"�,, � �i� � � i.: � 'G a� � .r � . � d �n a p � O � ,ao � .� �, 4 +' .d � n � � a°�o = � � °�,O o � � � � � x Qd,, � � • C� � c a � � `�' � ° °�' � c`�° o � �' � �v � � �. � a '�'� b p �: � � � r� £ � � x a� �p N a� � t� �, � y , � � � d � � c�a � p C � O � U z a � Q. c�v O '-' -� •... Q q q pG � � a E-• �• z U � 3 � .� v� a o c� �o c`� a ¢`� �`�� .� �n { � Allianz Life Insurance Company • of North America �il l�an z �1� PO Box 59060 Minneapolis, MN 55459-0060 800.950.1962 September 12, 2012 ESTATE OF PAUL W KUNKLE C/O 430 HILLCREST DR CARLISLE PA 17015-4330 Dear Executor: This letter is in reference to your cali request for cost basis information. The Total Cost Basis for the Policies Contract Number Total Cost Basis 70448317 $13,621.12 70474970 $21,645.96 Should you have any questions, please feel free to contact our office at 800.950.1962. Thank you. Annuity Claims Allianz Life Insurance Company of North America ��rr� ly �� IS LCL-1020 ��'�" � � rev 7/1/09 . ��u� American National insurance Company ��1�A��1 Home Office: One Moody Plaza, Galveston, Texas 77550 NA�ONAL American National Processing Center: 4500 Lockhill-Selma Rd. San Antonio, Texas 78249 Toll Free Telephone Number: 1-800-252-9546 Business Hours 7:30AM-5:OOPM CT, Monday-Friday Quarterly Statement Wealth Quest Flexible Premium Annuitv PAUL W KUNKLE Owner: PAUL W KUNKLE 405 WALNUT ST Annuitant: PAUL W KUNKLE BOILING SPRINGS PA 17007 Contract Number: 14284601 Annuity Type: Non-Qualified Contract Date: 01/13/2003 Statement Period: 04/01/2012 thru 07/01/2012 Annuity Summary Beginning Annuity Premium Withdrawals Accrued Interest Ending Annuity Ending Surrender Value as of Paid During Value Value 04/01/2012 Statement Period $77 842.91 50.00 S0.00 S575.78 S78 418.69 S78 418.69 Activit Durin Statement Period Effective Activity Amount Interest Date Rate The average interest rate in effect for this annuity on 07/01/2012 is 3.00%. This is a weighted-average rate determined from the individual rates each premium is earning on 07/01/2012 and is subject to change. If you have any questions, please call your representative or catl our toll free number 800-252-9546. Would you like to see your Life and Annuity policy information online? Accessing this information is easy and convenient. To sign up, please go to: www.anico.comlcustorr�er Agent: CRAIG A. NISSLEY Agency Code: 1-9XB-CN FINANCIAL NETWORK INV CORP 1166 WALNUT BOTTOM RD CARLISLE PA 17013 NER COPY �� L� � �`�� OW t i > c°n � � � ti � � � � � � � b' o � � w p 0 � � E. r � "�� n "' �' � '� � � � .. 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O ��O � O �' a � -� � _ ' f � D � � Z � a � � � � � 3 a � n � 0 S � 1 `� � � � �° �' � O � � s � ' � < � � ~ � � � N � � z � � /v� s w�� A ^ � �V � ` - � `� ~ D � a g � � V1 r' D � � C1 � � c �, �.oo. m � � C r ""� �p � -� ?� 1� i �' � o � A m w � �1 o� b � c =� rn _' �,°� � �O � o rn m �' � � � � �, z m �o c ,� � --� Z � � � � —�1 � `�' 1 � � � � � � � �+ N M = � � � � � Q � 3 � v o0 0 'up, � a •� vvi rn °o °o � o � 5 ° a o � �c � w y q, ?7 � � � C ,�,� M M C r, � n ;n � "� � .ia � ' r � S� '�' -� � N VZ—i C � : '+ W 01 Q� t0 `� U� :�ir .r � "'I v vt O � '< O �� f'! �� V#I� wI°oIv'� �� , -' h. �, �� Estate Valuation Date of Death: 07/29/2012 Estate of: Paul w. Kunkle valuation Date: 07/29/2012 Account: Wells Fargo - IRA Account 4899-5287 Processing Date: 04/24/2013 Report Type: Date of Death Number of Securities: 2 File ID: 14879.1.we11sfargoIRA Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 1295.917 PRUDENTIAL INVT PORTFOLIOS INC (744339102; PGVAX) CL A Mutual Fund (as quoted by NASDAQ) 07/27/2012 10.15000 Mkt 10.150000 13,153.56 Daily Div. Accrual as of 07/29/2012 22.46 2} 1767.731 PRUDENTIAL INVT PTFLOS INC 15 (74935F106; PBHAX} PRUD HI YLD A Mutual Fund (as quoted by NASDAQ) 07/27/2012 5.54000 Mkt 5.590000 9,793.23 Daily Div. Accrual as of 07/29/2012 53.59 Total Value: $22�946•79 Total Accrual: 576.05 Total: 523,022.84 c �h , , -,� � . 3 � �� . � � � : Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.3.1) �-�. � ��-e. � � �� , . pennsylvania DEPARTMENT OF PUBLIC WELFARE October 16, 2012 MARTSON LAW OFFICES HUBERT X GILROY ESQUIRE 10 EAST HIGH STREET CARLISLE PA 17013 Re: Paui Kunkle CIS #: 840300571 SSN: ###-##-0802 Date of Death: 07/29/201 Z Dear Attorney Gilroy: Please be advised that the Department of Public Welfare maintains a claim in the amount of�46,965.61 against the above-mentioned estate. This claim is for restitution of medical assistance granted on behalf of the decedent for which the Probate Estate is now responsible to reimburse the Department according to Act 49, 62 P.S. 1412, effective August 15, 1994, as amended by Act 20-95, effective June 30, 1995. Enclosed is the Department's itemized staternent of claim. A portion of this medical expense, namely $32,871.22, was incurred during the last six months of the decedent's life; therefore, it is a Class 3 claim pursuant to Section 3392 of the Decedents, Estates, and Fiduciaries Code, 20 Pa. C.S.A. 3392(3). The balance of the claim, namely $14,094.39, is to be entered as a priority Class 5.1 claim against the estate. Please acknowledge receipt of this letter and advise whether the Commonwealth's claim is admitted and when payment may be expected. If the estate accounting is complete, please provide a copy. If the estate contains real estate, please provide copies of the deed, the latest tax assessment, and a current appraisal, if available. Sincerely, . . G�� Desiree D. Havasi Claims Investigation Agent 717-772-6961 717-77Z-6553 FAX Enclosure _ ��n. � , z�e�n 3 Bureau of Program Integrity ( Division of Third Party Liability � Recovery Section PO Box 8486 � Harrisburg, Pennsylvania 17105-8486