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Home My WebLink About07-22-13 (2) � 150561014� REV-1500 EX �°2.,,,`F'> �t14TiCd=9L E`.r?d G7V�Y � PA Department of Revenue � Bureau of Individual Taxes Counry Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN Harrisbura PA 17128-0601 RESIDENT DECEDENT 2 1 1 3 0 7 1 ENTER DECEDENT INFORMATION BELOW � Social Security Number Date of Death MMDOVVYY Date of Birth MMDDYYVr 1 � 2 0 2 0 1 2 � 4 2 6 1 9 4 3 Decedent's Last Name Suffix DecedenYs First Name MI K 0 U G H J A C 0 B E (If Applicable)Enter Surviving Spouse's Information Below . Spouse's Last Name Suffix Spouse's First Name MI K 0 U G H D E S S I E N Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 1 8 6 3 6 2 9 4 9 REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW Q 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 Taz ReWm Required death after 72-12-82) �X 6. Decedent Died Testate � 7.Decedent Maintained a Living Trust � 8.Total Number of Safe Deposit Boxes (Attach Copy of Wilq (Attach Copy of Tmst.) � 9.Litigation Proceeds Received � 10. Spousal Poverty Credit(Date of Death � 11. Election to Tax under Sec.9113(A) Belween 1237-91 and t-1-95) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTEO T0: Name Daytime Telephone Number I V 0 V . 0 T T 0 I I I 7 1 7 2 4-';3 3 �i 4 1 � �., � n yRE 1 TER OF c LS USE O Y p '� � . �. C5 T � , First Line of Address i-�- � �; � {,� � 1 0 E A S T H I G H S T R E E T � � 4J -.� � -� I Second Line of Address c� � - � � � � Q � ' :� C? � i.J �' S'�l . � City or Post Offce State ZIP Code � � oqTEEJLeo �� C A R L I S L E P A 1 7 � 1 3 CorrespondenYs e-mail atldress: IOTTO(a�MARTSONLAW.COM Under penalties of perjury,I declare that I have ezamined lhis reNrq including accompanying schedules and stalemenis,and[o the best ot my knowledge and belief, it is tme,wrrect and complete.Oeclaretion of preparer other than the personal represeniztive is based on all information olwhich preparer has any knowi¢Oge. SIGN TU OF R ON RESPONSIei:i" � G RETURN �I Dl�� / �� ADD S 195 G EN SPRIN ROAD NEWVILLE PA 17241 SIGNATURE O RE RE HAN REPRESENTATIVE DAT �lI2Z 1� ADDRESS 10 EAST HIGH STREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 � 1505610140 15�5610140 � J 1505610240 REV-1500 EX(FI) DecedenYs Social Security Number oecedenrs Name: J A C 0 B E • K 0 U G H RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . . . . . . .. . . . . �� • � � 2. Stocks and Bonds Schedule B � • � � � ) . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .. . . . 2. 3. Closety 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. Q • � � 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested . . . . . . . 6. � • � � 7. Inter-Vivos Transfers&Miscellaneous Non-Proba[e Property 9 6 6 3 5 8 , 2 5 (Schedule G) � Separate Billing Requested . . . . . . . 7. 8. Total Gross Assets(total Lines 1 through 7) . . . . . . . . . . . . . . . . . .. . . . . . . . . 8. 9 6 6 3 5 8 . 2 5 9. funeral Ezpenses and Administrative Costs(Schetlule H) . . . . . . .. . . . . . . . . . . 9� 2 � � � 0 . � 0 10. Debts of Decedent,Mort a e Liabilities, and Liens Schedule I 10. 0 . 0 � 9 9 ( ) . . . . . . . . . . . . . ��. ToWI Deductions(total Lines 9 and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . 11. 2 0 � � 0 . 0 � 12. Net Value of Estate(Line 8 minus Line 11) . .. . . . . . .. . . . . . .. . . . . . . . . . . . 12. 9 4 6 3 5 8 . 2 5 13. Charitable and Governmental BequesislSec 9113 Trusts for which an eledion to ta�c has oot been made(Schedule J) . . . . . . . .. . . . . . . . .. . . . . 13_ • 14. Net Value Subject to Tax{Line 12 minus Line 13) . . . . . . . . . . .. . . . . . . . . . . 14. 9 4 6 3 5 8 . 2 5 TAX CAI.CULATION-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 _ � . � � 15. 0 . � � i6. Amount of Line 14 taxable at linea�rate x.oa5 2 5 4 8 6 3 . 7 4 �6. 1 1 4 6 8 . 8 7 17. Amount of Line 14 fazable at sibling rate X.12 � . � � 17. 0 . 0 � 78. Amount of Line 14 taxable atco��atera�rate X.�s 6 9 1 4 9 4 . 5 1 �8. 1 0 3 7 2 4 . 1 8 19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 19. 1 1 5 1 9 3 • 0 5 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑ Side 2 � 15�5610240 1505610240 � REV-1500 EX(FI} Page 3 File Number DecedenYs Complete Address: z� i3 o�i DECEDENT'S NAME JACOB E. KOUGH STREETADDRESS 195 GREEN SPRING ROAD q7y STATE ZIP � NEWVILLE PA 17241 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 115,193.05 2. CreditslPayments A.Prior Payments 105,000.00 B.Discount 5,526.15 Total Credits(A+g) (p) I 10,526J 5 3. Imerest (3) 4. If Line 2 is greater than Une 1+Line 3,enter the diHerence.This is the OYERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00 5. If Line t +�ne 3 is grealer than Line 2,enter the diHerence.This is the TAX DUE. (5) 4,666.90 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 trans(er and: Yes No a. retain the use or income of ihe property transferred ...................................................................... ❑ � b. retain the right to designate who shall use the propeAy transferted or its income .............................. ❑ 0 c. retain a reversionary interest ..................................................................................................... ❑ � d. receive the promise for life of eilher payments,bertet(s a care? ....................................................... ❑ � 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequale consideralion7 ....................................................................................... � ❑ 3. Did decedent own an'in trust fof'or payable-upon death bank accounl or security at his or her death? ......... ❑ ❑X 4. Did decedeM own an individual retirement account,annuity or other non-probate propedy,which coniains a beneficiary designation7.................................................................................................. ❑ � IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AMD F1LE 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 transters to or for the use of the surviving spouse is 3 percent�72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of trans(ers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1)(ii)).The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for discfosure oT assets and filing a tax retum are still applicable even if ihe 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 naiural parenY,an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on lhe net value of transfers to or for fhe use of the decedenPs lineal beneficiaries is 4.5 percent,except as noted in p2 P.S.gette(a)(tp. • The tax rate imposed on the net value of transfers to or for the use of the decedenYs siblings is 12 percent(72 P.S.§9116(aj(1.3)j.A sibling is defined, under Section 9102,as an individual who has at least one parent in common with lhe decedent,whether by blood or adoplion. REV-1510 EX*(08-09) � , pennsylvania SCHEDULE G UEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND � iNHeaiTnNCErnxaETURN MISC. NON-PROBATE PROPERTY ftESIDENT DECEDENT ESTATE OF FILE NUMBER � JACOB E. KOUGH 21 ]3 07] 7his schedule must he completed and filed it the answer to any of questions 1 through 4 on page three of Ne REV-1500 is yes. ITEM DESCRIPTION OF PROPERTY INCWDETHENPMEOFTHETRANSFEREE,THEIRRELATIONSHIPt00ECE0EMAND DATEOFDEATH °IoOFDECD�S EXCLUS(ON TAXABLE NUMBER THE�ATEOFTRANSFER.ATfACNACOPYOPTHEDEEDFORREALESTATE. VALUEOFASSET INTEREST OFnrtticaBLE� VAWE 1, Real estate located at 309 Green Spring Road,North Newton Twp., 640,000.00 25.00 I60,000.00 0.00 Cumberland County,PA,known as Taac Parcel No. 30-08-0591-002 being described in Deed dated December 28,20]l, in Cumberland Counry,PA, being conveyed to Michael E.Kough(son). See attached Deed,appraisat and Agricultural Use Bxemption, 2. Real estate located at West Main Street,Newville Borough, 270,000.00 25.00 67,500.00 Cumberland County, PA,known as Tax Parcel No.27-20-1752-002 being described in Deed dated December 28,2011, in Cumberland County,PA,beiog conveyed to Michael E.Kough{son). See attached Deed and appraisal. 3. Real estate located at R.Pipeline Road, Lower Mifflin Twp., 38,000.00 25.00 9,500.00 Cumberland County,PA,known as Tax Parcel No. 15-03-0057-007 being described in Deed dated December 28,2011, i�Cumberland Counry,PA,being conveyed to Michael E.Kough(son). See attached Deed and appraisal. 4. Real estaYe bcaYed at 235 Steelstown Road,North Newton Twp, 815,000.00 25.00 203,750.00 0.00 Cumberland County,PA,known as Tax Parcel No.30-07-0485-010 being described in Deed dated December 28,2011, in Cumber]and County,PA,being comeyed to Michae]E.Kough(son). See attached Deed,appraisal and Agricultural Use Exemption. 5. Real estate located at 195 Green Spring Road,Nodh Newton Twp., 795,000.00 25.00 198,750.00 0.00 Cumberland County,PA,known as Tax Parcel No. 30-08-0591-002B,being described in Deed dated December 28,2011,in Cumberland County,PA,being comeyed to Michael E.Kough(son). See attached Deed,appraisal and Agricultural Use Exemption. 6. Real estate located at Fry Road,North Newton Twp.,Cumberland 32Q000.00 25,00 80,000.00 0.00 County,PA,known as Tax Parcel No.30-OS-0593-064,being described in Deed dated December 28 2011 in Cumberland TOTAL (Also enter on Line 7,Recapitulation) $ 966 35825 If more space is neetletl,use addilional sheeGs of paper of the same size. _ . . _ . . _ .. . _ . Continuaaion of REV-1500 Inheritance Taz Return Resident Decedent JACOB E. KOUGH 21 13 071 Decedeni's Name Page 1 File Number Schedule G -Inter-Vivos 7ransfers & Misc. Non-Probate Property DESCRIPTION OF PROPERTY ITEM iNCwoerneNnMeoFrHerRaNSFeaee,rneiRaEUtioNSNiaTOOECeoeNrnNO DATEOFDEATH %OFDECD'S EXCLUSION TAXABLE NUMBER THE�ATEOFTRANSFEF.ATIACHACOPYOFTHEDEEDFDFREA1ESiA7E. VAWEOFASSET IN7ERES7 pFneNCeB!� VALUE Counry,PA,being conveyed to Michael E. Kough(son). See attached Deed,appraisal and Agricultural Use Exemption. 7. 1/Sth of 25%interest cash,accounts receivable and farm equipment 52,340.00 25.00 13,085.00 transferred to Michael E.Kough(son),Kenneth E. Kough,h. (nephew),Jeffrey A.Kough(nephew),Duane E.Kough(nephew) and Daniel P. Line(great nephew)on December 31,2011. See attached valuation azid 5 years of tax retums. 8. 1/Sth of 25%partnership interest in Kough's Oi] Service 3,565,093.00 25.00 15,000.00 876,27325 transferred to Michae]E.Kough(son),Kenneth E.Kough,Jr. (nephew),Jeffrey A.Kough(nephew), Duane E. Kough(nephew) and Daniel P. Line(great nephew)on December 31,2011. 0.00 See attached valuation and 5 years of tax returns. *sabject to payment of attorney's fees($2Q000)reported on Sch. SUBTOTAL SCkEDULE G 889,358.25 GRAND TOTAL SCHEDULE G $ 966,35825 REV-1517 EX+(10-09) . pennsylvania SCHEDULE H DEPARTMENTOFREVENUE FUNERAL EXPENSES AND INHERITANCETAXRETURN ADMINISTRATIVE COSTS RESIOENT DECEDEM ESTATE Of FILE NVIMBER JACOB E.KOUGH 21 13 071 DecedenPs debts must be repoAed on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERALEXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)ot Persona�7tep�esentative(s) Street Address City State ZIP Year(s)Commission Paid: Z, Anomey Fees: MaRson Law Offices 20,000.00 3. Family Exemption:(If decedenPs address is notihe same as claimanPs,attach explanalion.) Claimant Sireet Address City State ZIP Relalionship of Claimant to Decedent 4. Probate Fees: 5 AcwuntantFees: 6. iax Retum Preparer Fees: 7. TOTAL(Also enter on Line 9,Recapitulation) $ 20 000.00 If more space is needed,use additional sheets oi paper of lhe same size. REV-1513 EX+(01d�) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES � INNERITANCE TAX RETURN RESIDENT�ECE�ENT ESTATE OF: FILE NUMBER: . JACOB E. KOUGH 21 13 071 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLEDISTRIBUTIONS [IncludeouGightspousaltllstnbutionsandtransfersunder Sec.9116(a)(1.2).] 1. Michael E.Kough(son) Li�eal 254,863.74 530 Shed Road Sch.G,Items 1-6; Newville,PA 17241 1/Sth of Sch.G,Items 7-8 2. Kenneth E.Kough,Jr.(nephew) Collateral 172,873.63 147 Steelstown Road 1/Sth of Sch.G,Items 7-8 Newville,PA 17241 3. Jeffrey A.Kough(nephew) Collateral 172,873.63 235 Steelstown Road 1/Sth ofSch.G,Items 7-8 Newville,PA 17241 4. Duane E.Kough (nephew) Collateral 172,873.63 451 Steelstown Road 1/Sth of Sch.G,Items?-S Newville,PA 17241 5. Daniel P. Line(great nephew) Collateral ]72,873.62 1]5 Clay Road 1/Sth of Sch.G,Items 7-8 Carlisle,PA 17015 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. Ij, NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: t. 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. ' ' F9FlLES!CGrnts�5853EKoush�5853JEF5853.J.hwi11 , LAST WILL AND TESTAMENT I,J. EARL KOUGH,ofNorth Newton Township,Cumberland County,Pennsylvania,being of sound and disposing mind and memory, do hereby make,publish and declare this to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils made by me. 1. I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and all death taxes(whether such taxes may be payable by my estate or by any recipient of any property) shall be paid from my residuary estate as soon as practicable after my decease and as part of the administration of my estate. My Executrix shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance oc other property not passing under this Will. 2. In the event my spouse shall predecease or fail to survive me by thirty(30) days,then I give such items of personalty as are itemized in a certain list,if any,to the persons named thereon,which list is signed and dated by me at the end thereof. 3. I bequeath any automobiles or motor vehic]es I may own at my death, my personal effects, such household goods if any as may be my individual property and not the property of my wife or owned jointly by me with my wife,and other tangible personal property of like nature(not including cash or securities),together with any existing insurance thereon, to my wife, DESSIE N. KOUGH, providing she survives me by thirty(30) days. Should my wife predecease me or die on or before the thirtieth day following my death, I bequeath such tangible personal property and insurance thereon to such of my children as are ]iving on the thirty-first day after my death, to be divided between or among them with due regard for their personal preferences in as nearly equal shares as practical and as they shall mutually agree. I direct that any of the foregoing articles not selected by such children or about which there is no agreement shall be sold at public or private sale by my personal representative(s),and I fixrther direct that the net proceeds thereof shall be administered and distributed as a part of the residue of my estate. [Ini[ials] Page 1 oF 5 Pages �f J� 4. If my wife, DESSIE N. KOUGH, survives me by thirty(30) days, then I give, devise and bequeath all the rest, residue and remainder of my estate, of whatever nature and wherever situate, unto my wife, DESSIE N. KOUGH, absolutely. 5. If my wife shall predecease or fail to survive me by more than thirty(30)days, then I give, devise and bequeath all the rest,residue and remainder ofmy estate,both real and personal property, in equal shazes unto my children, MICHAEL A. KOUGH and JAMES E. KOUGH, with substitution of issue. 6. a. In the event that either of my said children shall predecease or fail to survive me by more than thirty(30)days, and shall be survived by issue,then such deceased child's share shall be held by the surviving pazent of the issue of such deceased child as trustee, in the following manner: (1) I direct that my trustee shall hold, invest and reinvest the same, collect the income arising therefrom, and after paying all expenses incident to the management of the hvst, to use and apply as much of the income and principal as may be necessary in the sole discretion of my trustee, in equal shares, for the support, well-being and education of the issue of such deceased child. (2) I direct that each of such issue shall have the right of withdrawal of his or her equal shaze of the principal of such trust as he or she attains the age of twenty-five (25) years. (3) Prior to the distribution of the principal, my trustee shall have the sole discretion to invade the principal of said trust for the support,maintenance and education of the beneficiary thereof,regardless of age. b. In the event that either of my said children shall predecease or fail to survive me by more than thirty(30) days, and shall not be survived by issue,then his share shall be distributed to my remaining child in accordance with the terms hereof. [Ini[ials] Page 2 of 5 Pages ��'�fr c. To the extent that the same is permitted by]aw,none of the beneficiaries hereunder sha(1 have any power to dispose of or to charge by way of anticipation any interest given to such beneficiary;and all sums payable to such beneficiaries hereunder shall be free and clear of the debts, contracts, alienations and anticipations of the beneficiaries, and all liabilities for levies and attachments and proceedings of whatsoever kind, at law or in equity. 7. I nominate,constitute and appoint my wife,DESSIE N.KOUGH,as Executrix of my estate.• In the event my said wife shall be unable or unwilling to serve in such capacity,then I appoint my sons, MICHAEL A. KOUGH and JAMES E. KOUGH, to act in such capacity. 8. I direct that all fiduciaries acting under this Will,whether or not named herein, shall not be required to give bond for the faithfui performance of their duties in any jurisdiction. 9. I authorize and empower my Executrix and trustees, and their successors, in their sole and absolute discretion,to purchase or otherwise acquire and retain any invesrinents of which I die seized or any real or personal property of any nature; to. sell, lease, pledge, mortgage,transfer, exchange, dispose of or grant options in regazd to any or all property of any kind forming a part of my estate for such terms and such prices as they may deem advisable; to bonow money for any purposes connected with the protection and preservation of my estate; to mortgage or pledge any real or personal property forming a part of my estate or to join in or secure the partition of same; to compromise any claims or demands of my estate against others or of others against my estate; to make distribution in kind and to cause any share to be composed of cash, property or undivided fractional shares in property different in kind from any other share;to employ agents,attomeys and proxies and to delegate to them such power as my Executrix and trustees, and their successors, consider desirable and to payreasonable compensation for such services as may be rendered by such agents, attomeys and proxies; and to execute and deliver such instruments as may be necessary to carry out any of these powers. In addition,I direct that my Executrix, and her successor, shall have [Initials] Page 3 of 5 Pages � �J� the power to conduct an inventory of any safe deposit box necessary to the administration of my estate. IN WITNESS WHEREOF I have hereunto set my hand and seal this � day of �QC��b.e� , � G11 . , �,� �� (SEAL) J. 1 Kough SIGNED, SEALED,PUBLISHED AND DECLARED by the above-named Testator,as and for his Last Will and Testament,in the presence of us,who at his request,have hereunto subscribed ou�names as witnesses thereto, in the presence of the said T ator and of each other. �`�>�7 " " (�Gt�c G Page 4 of 5 Pages COMMONWEALTH OF PENNSYLVANIA ) : SS. COUNTY OF CUMBERLAND ) We,J.Eazl Kough,Ivo V.Otto III,and �� -1'(�S� l� L, C-�C ,the Testator and the witnesses,respectively,whose names are signed to the foregoing instrument,being first duly swom, do hereby declaze to the undersigned authority that the Testator signed and executed the instrument as his last Will and that the Testator has signed willingly, and that the Testator executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the best of his/her knowledge the Testator was at that time eighteen yeazs of age or older,of sound mind and under no constraint or undue influence. �t � . arl Kough, Testator Witnes L�14(.�.. � itness Subscribed, swom to and acknowledged before me by J. Earl Kough, the Testator, and subscribed and sworn to beFore me by Ivo V.Otto III and v �L�Cf�lZ �-� �',"t0 ,the witnesses, this �� day of J�C?�`n�•Q � , �� . ��1�/+X L�� 1� ,/ , COMMONWEALTH OF PENNSYLVANIA Npt21'y Public NoWAaI Seal �9rlissa A.ScholN�Notary Publit South Middleton 7wp.,Cumberland Caunry My Commissloo F�cpires)an.19,2014 MemS^r.�=nnsvivaNa Ass'ociaUon of Notades Page 5 of 5 Pages FVILI(S\ClirnLC\I4015Kau6hHmlhers\I40151.dmd�ek.wpJ - Parcel Nos.: 30-08-0591-002 30-08-0591-002B 30-07-0485-01� 30-08-0593-064 27-20-1752-002 ' 15-03-0057-007 k'�n DEED MADE THE �/ day of December , 2011. BETWEEN J.EARL KOUGH and DESSIE N.KOUGH,husband and wife, ofNorth Newton Township, Cumberland County, Pennsylvania, hereinafter referred to as: Grantor, AND MICHAEL A. KOUGH,of North Newton Township, Cumberland County,Pennsylvania, hereinafrer referred to as: Grantee, In consideration of ONE AND 00/100 ($1.00) DOLLAR, the receipt whereof is hereby acknowledged,the Grantor does hereby grant and convey to the Grantee, his heirs and assigns,the undivided one-half interest of Grantor in and to: PARCEL NO. 1: ALL that certain tracts of land situate in North Newton Township, Cumberland County,Pennsylvania,together with the improvements thereon erected,bounded and described as Yollows: TRACT NO. 1: BEG[NNING at a post formerly on a point at the right-of-way line of Pennsylvania Railroad Company, at corner of lands now or formerly of William McAlister; thence by said latter lands north 27 '/4 degrees west 100.9 perches to a point in the center of Route No. 641; thence by said road north 74 degrees east 20.6 perches to a post in the center of same; thence north 18 '/e degrees west 62 perches to a point at the land now or formerly of O.C. Stum; thence by the same north 79 '/< degrees east 50.6 perches to a stone at the corner of the Lot now or formerly oF the Heckman Estate; thence north 78 degrees east 37.5 perches to a point; thence south 46 %z degrees east by Township Road No. 357, 59 perches to a post;thence by Route No. 641 south 74 degrees west 39.6 perches to a pointin the center of said road; thence by Township Road No. 357 south 32 degrees east 75.2 perches to a point in the center of L.R. 21002, Route 533; thence south 57 degrees west 443 perches to a post; thence south 46 degrees west 34 perches to a point at the Pennsylvania Railroad; thence by the same south 80 degrees west 20.6 perches to a poin[, the PLACE OF BEGINNING. CONTAINING 86 acres, 157 perches, more or less. 5ch. � , ��Ms i -� LESS, HOWEVER, the following tracts of ground previously conveyed by E. E. Kough, a/k/a Elmer E. Kough: I. The premises described in a deed to John O. Rebok and Barbara L. Rebok,his wife, dated May 5, 1965 and recorded in Deed Book "O", Volume 21, Page 930. 2. Premises described in a certain deed to Ronald R. Cramer and Shirfey M. Cramer, his wife, dated May 31, 1968 and recorded in Deed Book "U", Volume 22, Page 322. 3. Premises described in Order of the Pennsylvania Public Utility Commission entered in Deed Book "L", Volume 22, Page 960. 4. Land described in condemnation proceedings appearing in Deed Book "Z", Volume 22, Page 413. 5. Premises described in Pennsylvania Public Utility proceedings recorded in Deed Book "Z", Volume 22, Page 566. 6. Premises described in a certain deed to Eugene W. Deihl and Marie C. Deihl,his wife,dated July 11, 1969 and recorded in Deed Book "I", Volume 23, Page 681. 7. Premises described in a certain deed to Leon W. Deihl and Doris R. Deihl, his wife,dated July I l, 1969 and recorded in Deed Book "P', Volume 23, Page 915. 8. Premises described in a certain deed to Ronald R. Cramer and Shirley M. Cramer,his wife,dated July 11, 1969 and recorded in Deed Book "L", Volume 26, Page 958. LESS, HOWEVER, the tract of ground previously conveyed by William W. Kough and Carolyn H. Kough, his wife; Kenneth E. Kough and Mildred Kough, his wife; and J. Eazl Kough and Dessie N. Kough, his wife to Charles A. Shaffer and Mary Phyllis Shaffer, his wife, by deed dated June 30, 1971, recorded in Deed Book "G", Volume 24, Page 84. TRACT NO. 2: BEGINNING at a point in the middle of Route No.641 at lands now or formerly of E.E. Kough a/k/a Elmer E. Kough; thence by said road north 71 %z degrees east 105.5 perches to a point; thence north 20 degrees west 2.8 perches to a point;thence to the formerNewville Borough line,north 7'/:degrees east 1.2 perches to a point; thence by the same north 3 degrees west 64 perches to a point in the center of the public road, L.R. 21003; thence along said road south 82 degrees west 55 perches to a point; thence south 58 degrees west 4 perches to a point; thence by the same south 70 '/z degrees west 42 perches to a point;thence north 1 degree east 59.3 perches to a point; thence along lands now or formerly of J.A. Woodburn south 88 '/< degrees west 80.5 perches to a point; thence by the same south 45 degrees west 24.5 perches to a point; thence by lands now or formerly of A. Bowers, south %z degree east 62.5 perches to a point in the public road, L. R. 21003; thence in same south 75 degrees east 9.5 perches to a point; thence along same north 76 %: degrees east 20.6 perches to a point in said road; thence by lands now or formerly of Daniel Heberlig and Township Road No. 357,south 43 degrees east 23.1 perches to a point; thence by Tract No. 1 herein and said road south 49 %: degrees east 60.7 perches to a point in the middle of Route No. 641, the PLACE OF BEGINNING. LESS HOWEVER, the following described premises previously conveyed by E. E. Kough, a/k/a Elmer E. Kough: 1. Premises conveyed to Home Association of Hamilton-Myers Post No. 6070, VFW, by deed dated January 29, 1952 and recorded in Deed Book "X", Volume 14, Page 368. 2. Premises conveyed to Stanley E. Cohick,et ux,by deed dated February 23, 1957 and recorded in Deed Book "Q", Volume l7, Page 530. 3. Premises conveyed to School District of the Borough of Newville by deed dated September 27, 1961 and recorded in Deed Book "1", Volume 20, Page 144. 4. Premises conveyed to G. Leonard Snyder, et ux, by deed dated July 31, 1962 and recorded in Deed Book "P",Volume 20, Page 1000. 5. Premises conveyed to John R. Morrison,et ux,by deed dated April 4, 1964 and recorded in Deed Book "E", Volume 21, Page 436. 6. Premises conveyed to Edward L.Watson,et us,by deed dated June 18, 1965 and recorded in Deed Book "S", Volume 21, Page 24. 7. Premises conveyed to Charles L. Gutshall, et ux, by deed dated April 23, 1968 and recorded in Deed Book"T",Volume 22, Page 671. 8. Premises conveyed to David C. Jumper and Paula Jean Jumper, his wife, by deed dated July 11, 1969 and recorded in Deed Book "H", Volume 23, Page 911. LESS, HOWEVER, the following tracts of ground previously conveyed by William W. Kough and Carolyn H. Kough, his wife; Kenneth E. Kough and Mildred Kough, his wife; and J. Earl Kough and Dessie N. Kough, his wife: 1. Premises conveyed to H. Bruce Conover and Janet Louise Conover,his wife,by deed dated May 12, 19'70,and recorded in Deed Book"Q", Volume 23, Page 125. 2. Premises conveyed to Lester D.Clippinger,Jr.,and Diana W. Clippinger, his wife, by deed dated June 30, 1970, and recorded in Deed Book"S", Volume 23, Page 284. BEING the same premises which E. E. Kough, also known as Elmer E. Kough, by Deed dated July 1 l, 1969, and recorded in Cumberland County,Pennsylvania Deed Book "M", Volume 23, Page 515, granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Eazl Kough. ALSO BEING the same premises which Carolyn H. Kough, Executor of the Estate of William W. Kough, by Deed dated December 19, 1994,and recorded in Cumberland County,Pennsylvania Deed Book 116, Page 466, granted and conveyed his one-third interest in the proper[y unto Kenneth E. Kough and J. Earl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Eazl Kough, Grantor herein. PARCEL NO. 2: ALL that certain tract of farm land situate in the Township of North Newton,County of Cumberland and State of Pennsylvania, bounded and described as follows: BEGINNING at a point in the Steelstown Road, thence by said Road 87 '/< degrees East 12.7 perches to a point; thence by same South 87 %< degrees East 16 perches to a point, thence by same South 89 '/o degrees East 56.9 perches to a point; thence by land now or formerly of Rush Hollar, North 52 degrees East 21 perches to a stake; thence by same, South 8 degrees West 1.4 perches to a pine; thence by same North 45 %2 degrees East 70.8 perches to a stake;thence by same and land now or formerly of George H. Stewart,North 18 degrees East 16.5 perches to a stake; thence by said lands now or formerly of Stewart, North 34 degrees East 30.3 perches to a stake; thence by the same,North 25 degrees East 41 perches to a white oak;thence by same North 77 '/4 degrees West 10.4 perches to a white oak; thence by same, North 11 '/< degrees East 30.5 perches, to a point in a public road, thence by said road North 1 degree East 8.6 perches to a point in the same;thence by the same,North 71 degrees West 11.3 perches to a point, thence by lands now or formerly of W. Z. Fry, South ]8'/<degrees West 57.5 perches to a point thence by same North 68 '/z degrees West 43.4 perches to a stone; thence by the same, South 49 '/< degrees West 49.7 perches to a Hickory Tree; thence by the same, South 59 '/< degrees West 61.6 perches to a stake; thence by same, North 71 '/e degrees West 15.7 perches to a stake neaz a pin Oak;thence by land now or formerly of Joseph Hoover, South ll degrees West 82.3 perches to a post; thence by a private road, South 67 degrees East 14 perches to a point; thence by same South 33 degrees West 6/10 of a perch to a point in [he aforesaid Steelstown Road, the place of BEGINNING. CONTAINING ll 7 Acres, strict measure. LESS, HOWEVER, the tract of ground previously conveyed by William W. Kough, Kenneth E. Kough and J. Earl Kough to the Commonwealth of Pennsylvania by deed dated September 14, 1992 recorded in Deed Book"X", Volume 35, Page 768. BEING the same premises which Mary C.Loy and William S. Loy,Executors ofthe last Will and Testament of Sazah J. Loy, by their deed dated June 10, 1961 and recorded in the office of the Recorder of Deeds in and for Cumberland County in Deed Book "F", Volume 20, Page 502, granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Earl Kough. ALSO BEING the same premises which Carolyn H. Kough, Executor of the Estate of William W. Kough, by Deed dated December 19, 1994,and recorded in Cumberland County,Pennsylvania Deed Book 116,Page 491,granted and conveyedhis one-third interest in the property unto Kenneth E. Kough and J. Eazl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Earl Kough, Grantor herein. PARCEL NO. 3: ALL that certain tract of land situate in North Newton Township, Cumberland County, Pennsylvania, bounded and described pursuant to a survey by Thomas A. Neff, Registered Surveyor on June 17, 1969 as follows: BEGINNING at a stake on the Northern side of Township Road T-357; thence by land now or formerly ofJames S.Weller,North 22 degrees 25 minutes West 220 feet to a stake;thence by said land and land now or formerly of Roy David Bender,North 85 degrees 25 minutes West 300 feet to a stake; thence by land now or formerly of Helen Fry,North 22 degrees 22 minutes 50 seconds West 1076.14 Feet to a stake; thence by the rear of various lots fronting on State Highway Route No. 641, North 79 degrees 8 minutes East 497.3 feet to an iron pin; thence North 10 degrees 52 minutes West 200 feet to a point in the center of State Highway Route No. 641; thence by the center of said Road,North 79 degrees 8 minutes East 25 feet to a point; thence South 10 degrees 52 minutes East 200 feet to a stake;thence continuing by the rear line of vazious lots fronting on State Highway Route No. 641,North 79 degrees 8 minutes East 688.4 feet to an iron pin; thence by land now or formerly of E.E. Kough,South 22 degrees 50 minutes East 1445.41 feet to a stake;thence by land now or formerly of Cumberland Valley Railroad, South 88 degrees 20 minutes West 282.15 feet to a stake;thence by the same, South 72 degrees 35 minutes West 488.4 feet to a point on the Northern side of Township Road T-357;thence by the Northem side of said Road, Nor[h 85 degrees 25 minutes West 213.15 feet to the Place of BEGINNING. LESS, HOWEVER, the tract of ground previously conveyed by William W. Kough and Carolyn H. Kough, his wife; Kenneth E. Kough and Mildred Kough, his wife; and J. Earl Kough and Dessie N. Kough, his wife to Nellie M. Shaffer, widow, by deed dated October 12, 1977, recorded in Deed Book "M", Volume 27, Page 816. BEING the same premises which Dewey Shaffer and Nellie M. Shaffer, his wife,by their deed dated August 20, 1969,and recorded in the office ofthe Recorder of Deeds in and for Cumberland County in Deed Book"I",Volume 23,Page 769,granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Earl Kough. ALSO BEING [he same premises which Carolyn H. Kough, Executor of the Estate of William W.Kough,by Deed dated December 19, 1994,and recorded in Cumberland County,Pennsylvania Deed Book 116,Page 483,granted and conveyed his one-third interest in the property unto Kenneth E. Kough and J. Earl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Earl Kough, Grantor herein. PARCEL NO. 4: ALL that certain tract of land situate in North Newton Township, Cumberland County,Pennsylvania,bounded and described pursuant to a survey by Eugene Albert Hockensmith, Registered Surveyor, dated September 27, 1977, as follows: BEGINNING at a railroad spike in the center of Pennsylvania Highway Route No. 641, at corner of land now or formerly of Keller O. Jumper; thence by said land, South 10 degrees 30 minutes East 200 feet to an iron pin; thence by other land now or formerly of William W. Kough, Kenneth E. Kough and J. Earl Kough,North 79 degrees 30 minutes East 25 feet to an iron pin; thence by land now or formerly of Clarence E. Shaffer,North 10 degrees 30 minutes West 200 feet to a railroad spike in the center of Pennsylvania Highway Route No.641 aforesaid;thence by the center of said Highway, South 79 degrees 30 minutes West 25 feet to the place of BEGINNING. BEING the same premises which Nellie M. Shaffer, widow, by her deed dated October 12, 1977, and recorded in the office of the Recorder of Deeds in and for Cumberland County in Deed Book"M",Volume 27,Page 819,granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Earl Kough. ALSO BEING the same premises which Carolyn H. Kough, Executor of the Estate of William W. Kough, by Deed dated December 19, 1994, and recorded in Cumberland County, Pennsylvania Deed Book 116,Page 479,granted and conveyed his one-third interest in the property unto Kenneth E. Kough and J. Earl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Earl Kough, Grantor herein. PARCEL NO. 5: ALL those certain lots of ground situated in the Borough of Newville, CounTy of Cumberland, State of Pennsylvania, bounded and described as follows, to wit: TRACT NO. 1 -BEGINNING at a point in the State Road;thence along Penn Street, South Twenty-three (erroneously refened to as Thirty-three in previous deeds) and Three-Fourths(23'/4) degrees East Two Hundred Seventy-six(276) feet to an alley; thence by said alley South Sixty-six and One-fourth (66'/a) degrees West Four Hundred Twenty (420) feet to a point at land now or formerly of W. I. Spangler; thence by same, North Twenty-three and One-fourth (23Y<) degrees West Two Hundred Thirty-five(235)feet to the State Road;thence by said road North Seventy- four (74) degrees East Four Hundred Twenty-two (422) feet to the place of BEGINNING. CONTAINING Two Acres and One Hundred Fifry-two (152) perches. TRACT NO. 2 - ALL those certain lots situated in the Borough of Newville and being part of Skinners Addition as shown in Plan of Lots No. 2 and recorded in Plan Book , Page . Being Lots Nos. 117, 122, 127, 132, 137, 160, 118, 123, 128, 133, 138, 161, 142, 143, 144, 145, 146, 147 and 148. BEING the same premises which Elmer E. Kough and Rachel S.Kough,his wife,by their deed dated June 13, 1962 and recorded in the office of the Recorder of Deeds in and for Cumberland County in Deed Book"N",V olume 20,Page 960,granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Earl Kough. ALSO BEING the same premises which Carolyn H. Kough, Executor of the Estate of William W. Kough,by Deed dated December 19, 1994,and rewrded in Cumberland County,Pennsylvania Deed Book I 16,Page 471,granted and conveyed his one-third interest in the property unto Kenneth E. Kough and J. Earl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Earl Kough, Grantor herein. PARCEL NO. 6: ALL that certain piece of mountain land situated in Doubling Gap, in the Township of Mifflin,County of Cumberland and State of Pennsylvania,bounded and described as follows: BEGINNING at a post by land now or formerly of Thomas C. Scouller and Robert Middleton; thence by said Middleton's land South 24 degrees West, 13.8 perches to a pile of stones at comer of Lot#2, formerly of same tract; thence by said lot North 53 '/4 degrees West, 131.4 perches to a stone by land now or formerly of Andrew Middleton;thence by said land North 45 degrees East 13.8 perches to a post by lands of said Middleton and Thomas C. Scouller;thence by said Scouller's land South 53 '/< degrees East, 126 perches to the place of BEGINNING. The same containing 10 acres and 130 perches, strict measure. BEING the same premises which E. E. Kough, Widower, individually and E. E. Kough,Executar under the Last W ill and Testament of S.Rachel Kough,by his deed dated October 30, 1975 and recorded in the office of the Recorder of Deeds in and for Cumberland County in Deed Book °H", Volume 26, Page 790, granted and conveyed unto William W. Kough, Kenneth E. Kough and J. Eazl Kough. ALSO BEING the same premises which Carolyn H. Kough, Executor of the Estate of William W. Kough,by Deed dated December 19, 1994,and recorded in Cumberland County,Pennsylvania Deed Book 116,Page 475,granted and conveyed his one-third interest in the property unto Kenneth E. Kough and J. Eazl Kough, as tenants in common. Thus vesting an undivided one-half interest in J. Earl Kough, Grantor herein. • AND the said Grantor hereby covenants and agrees that he will warrant specially the proper[y hereby conveyed. THIS CONVEYANCE IS FROM FATHER TO SON AND IS THEREFORE EXEMPT FROM REALTY TRANSFER TAX. iJNDER AND SUBJECT to a certain unrecorded Agreement Among Tenants in Common of even date herewith, entered into by and among the Grantee herein and Jeffrey A. Kough and Duane E. Kough, providing for certain restraints on alienation and rights of first refusal. IN WITNESS WHEREOF,said Grantor has hereunto set his hand and seal the day and year first above written. SIGNED, SEALED AND DELNERED IN THE PRESENCE OF O<�� ,��7� (SEAL) �J. Earl Kough -P.4,d.�-� / , ' �� (SEAL) � Dessie N. Kough � COMMONWEALTH OF PENNSYLVANIA ) ): ss. COUNTY OF CUMBERLAND ) On this, the��,day of December, 2011, before me, the undersigned officer, personally appeared J. EARL KOUGH and DESSIE N. KOUGH, known to me or satisfactorily proven to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official seal. COMMONWFALTH OF PENNSYI.VANIA n NoteAalSeal ( � `G�/ � . �� SEAL MNissa A.Scholly,Notary Public South MlEaletan Twp.,CumbeA2M Wunty �'� `� � ) MyCOmmislonExpireslan.l9,zoin NotaryPublic Member.vrnnsManla ass�daUOn W NotaAes I hereby certify that the precise residence and complete post office address of the within Grantee is � �� S�\ � �c� � �� Attomey for Grantees MARTSON DEARDORFF WILLIAMS OTTO GILROY cXt FALLER MARTSON LAW OFFICES 10 EASI'HIGH STREET Caet,is�r;,Pr:�NSV�vn��n 17013 Te�er�io�e 717-243-3341 FaCSnut.E 717-243-1850 INTEHNE7' www.martsonlaw.com F\FII,ES\Clienisu4015 Kough�rmhcrsV4015_�Cortw�ivcDCad FKoubh.wOd Parcel No. 27-20-1752-002 CORRECTIVE DEED MADE THE zZ� day of July, 2013. BETWEEN DESSIE N. KOUGH, widow, of North New�ton Township Cumberland County, Pennsylvania, hereinafter referred to as: Grantor, AND MICHAEL A. KOUGH, of North Newton Township, Cumberland County, Pennsylvania, hereinafter referred to as: Grantees, In consideration of ONE AND 00/100 DOLLAR ($1.00), the receipt whereof is hereby acknowledged, the Grantor does hereby grant and convey to the Grantee, his heirs and assigns, as tenants in common, the undivided one-half interest of J. Earl Kough, deceased, in and to: ALL THAT CERTAIN tract of land situate in the Borough ofNewville,Cumberland County, Pennsylvania, bounded and described according to a Property Survey for Ken Kough prepared by Eric L. Diffenbaugh, Professional Land Surveyor, dated January 28, 2013 (a copy is attached hereto), as follows: BEGINNING at a point on the centerline ofGreenspring Road,S.R.0641 (50'ROW) at the northwestem corner of land now or formerly of T. Anthony & Cazolyn B. Sangrey;thence along said land of Sangrey,South 26 degrees 00 minutes 00 seconds East 276.82 feet to a set p.k. nail; thence along Church Alley (unopened) and crossing Washington Street (unopened), South 64 degrees 00 minutes 00 seconds West 460.00 feet to a set iron pin; thence along said Washington Street, South 25 degrees 59 minutes 32 seconds East 38.56 feet to a set iron pin; thence along an unopened alley, South 63 degrees 58 minutes 32 seconds West 600.00 feet to a set iron pin; thence along said unopened alley and land now or Yormerly of Leland A. & Betty A. Searfoss, South 25 degrees 59 minutes 32 seconds East 169.00 feet to a set iron pin; thence along Parsonage Street, South 63 degrees 58 minutes 32 seconds West 35.55 feet to a set iron pin;thence along land now or formerly of the Newville Cemetary Association the following two courses and distances: (1)North 37 degrees 56 minutes 15 seconds West 57.96 feet to a set iron pin; and(2)NoRh 48 degrees 39 minutes 30 seconds West 669.86 feet to a point in said Greenspring Road; thence along the centerline of said Greenspring Road, North 71 degrees 55 minutes 47 seconds East 1378.80 Yeet to a point, the place of Beginning. BEING Parcel No. 5: Tract No. 1 and Tract No. 2, which J. Earl Kough, married man, by his Deed dated December 28, 2011, and recorded in Cumberland County, Pennsylvania, at Instrument No. 2013 granted and conveyed unto Michael A. Kough the undivided one-half interest of J. Earl Kough. The said J. Earl Kough having died on , 2012, title vested by operation of law in Dessie N. Kough, surviving spouse, who released her interest in the real property unto Michael A. Kough in Deed dated December 28, 2011, which is recorded as aforesaid. THIS CORRECTIVE DEED is being recorded to correct the description of Pazcel No. 5: Tract No. I & Tract No. 2 in the prior Deed dated December 28, 201 l, and recorded in Cumberland County, Pennsylvania at [nstrument No. 2013 , and is exempt from realty transfer tax. AND the said Grantor hereby covenants and agrees that she will wanant specially the propeMy hereby conveyed. IN WITNESS WHEREOF,said Grantor has hereunto set her hand and seal the day and year first above written. SIGNED, SEALED AND DELIVERED IN E RESENCE OF � C1J, � (SEAL) Dessie . Kough COMMONWEALTH OF PENNSYLVANIA ) ): ss. COUNTY OF CUMBERLAND ) � On this,the �a� day ofJuly,2013,before me,the undersigned officer,personally appeared DENNIS N. KOUGH, known to me or satisfactorily proven to be the person whose name is subscribed to the within instrument,and acknowledged that she executed the same for the purposes therein contai�ed. IN WITNESS WHEREOF, I hereunto set my hand and official seal. �'1 V \ ,✓� % (SEAL) Notary Public COMMONWEALTH OF PENNSYLVANIA � Notarial Seal Melissa A.Scholly, Notary Public SouM Mid01e[on Twp.,CumbedanA County My Commis;ion F�cpires Jan. 19,2014 t-0emb=c P?nnsvlvanla?ssaiation of NoUdes 1 hereby certify that the precise residence and complete post office address of the within Grantee is �(� � �ay' 1�. O. �cX 13 y , N e4%�l�� (Seal) Attorney for Grantee MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER MARTSON LAW OFFICES 1O EAST Hlf.li S"1'REET C.�Hi.is�.e, Pe��sv�.v,��i�� 17013 Tr:i.eriwve 717-243-3341 Fncs��tn.e 717-243-1850 IN7'ERNE'r www.mnrtsonlaw.com � e r��i �� Ill .,.e.�....�. a � lyl ,..a,r .. I. 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Z ' � � . a � , , ,---- i_,. 1 : �� _ � , � � __ - � a � � '� j � �, ..,,.a,.,.e•,.x . „ . � .� _' —_. pl � � -' .__TIC � � ' s�f ` . �� g � _ --,,.,a, r k5 F 7 1L— ""—�� I � � ; , s �+,� E°� � T � 1 � � e sc.•x.z s—�i - ' �j� Ir I I �a,.�.., _"_ _"_ '4' .., �.,,.6.%s� �� :�� I I ~— ,,,--��, � ' � f, $ � � � . -__ �i. � .6 Sk � I 1 ,o �i _ j �� , �aT"' �s ;.3 F �° I I � � �f° �� .,,. __ �� , €�` 0 � LL • II I Y--_'___ `° I I � ...., x . y � I 1 I � ..^',.'/" ��c. @� � 1 � � ��. s�� wsu� U N � i � �'` s��. e } Y � i i ��.� � � Z � � '� �� W a Y �;r1 � �{ p � �� `! �� h f�J � i.`I .I if� ; g 5 , � _ � }, � i�� !,' 1 AEV-I197(5-]3) � pennsylvania SCHEDULE AU DEPAflTMENTOFREVENUE BURFAVOFINOMDUALTAXES AGRICULTURAL USE [NHERITANCE TA7(DNISION E X E M PTI O N S PO BOX z8o6oi HARRISBURG PAa7iz8-o60t ESTATE OF: �acob E. Kough FILE NUMBER: 21-13-071 Use this schedule to report real estate for which you claim an exemption from inheritance tax under the°Farmland - Other" Exemption (72 P.S. § 9111(s.i)j or the "Business of Agriculture" Exemption (72 P.S. § 9111(s)). Check the box below next to the exemption you are claiming (select only one): � Business of Agriculture Exemption ❑ Farmland - Other Exemption Complete Parts 1 and 2 of this form. Agricultural Conservation Easement; Agricultural Reserve; Agriculturel Commodity; Agricultural Use Property; or Forest Reserve (Definitions on back of form). Complete Part 1 and check the applicable category on the back of this form. Attach a written statement explaining in detail how the real estate qualifies for the claimed exemption. In addition, if you are claiming an exemption for any structure a�xed to the real estate, identify the structure and explain in detail how each s[ructure qualifies for the claimed exemption. Structures affixed to the real estate that do not qualify for an exemption must be valued and reported on Schedule A to the Inheritance Tax Retum. Please also attach all supporting documents with the written statement, including the county assessment card. Failure to provide this information may result in a denial of the ciaimed exemption or a delay in processing your return. PART 1: PROPERTY INFORMATION Property Parcel Identification Number: 30-OS-0591-002 Percentage of Parcel Exempted: �00% Date of Death value under 72 P.S. § 9121: $�60,000.00 Physical location: 309 Green Spring Road Newville Cumberland STREET ADDRE55(DO NOT REPORT P.O. BO%) CITY COUNTV PART 2: OWNER(S)'S INFORMATION Provide the name and mailing address of all transferees of the real estate listed above (attach additional sheets if necessary): Michael E. Kough Son OWNER NAME RELATIONSHIP 70 DECEDENT OWNER NAME - RELA710NSHIP 70 DECEUENT 530 Shed Road MAILING ADDRE55 MAILING qDDRE55 Newville PA 17241 CITY STATE ZIP CITY SiA7E 2IP OWNER NAME RELA7IONSHIP TO DECEOENT OWNER tYAME RELATSONSHIP TO DECEDENT MAILING ADDRESS MAILING ADDRE55 CI7Y STATE ZIP CI7Y S7ATE ZIP Farmland - Other Exemption Categories and Definitions: If claiming the "Farmland - Other" exemption, indicate the category below the real estate identified on this form qualifies: ❑ Agricultural Commodity - Any and all plant and animal products, including Christmas trees produced in Pennsylvania for commercial purposes. ❑ Agricultural Conservation Easement - An interest in land, less than fee simple, which interest represents the right to prevent the development or improvement of a parcel for any. purpose other than agricultural production. The easement may be granted by the owner of the fee simple to any third party or to the Commonwealth, to a county governing body, or to a unit of local government. It shall be granted in perpetuity as the equivalent of covenants running with the land. The exercise or failure to exercise any right granted by the easement shall not be deemed to be management or control of activities at the site for purposes of enforcement of the act of October 18, 1988 (P.L 756, No. 108), known as the "Hazardous Sites Cleanup Act" ❑ Agricultural Reserve - Noncommercial open space lands used for outdoor recreation or the enjoyment of scenic or natural beauty and open to the public for such use, without charge or fee, on a nondiscriminatory basis. ❑ Agricultural Use Property - Land used for the purpose of producing an agricultural commodity or devoted to and meeting the requirements and qualifications for payments or other compensation pursuant to a soil conservation program under an agreement with an agency of the federal government. ❑ Forest Reserve - Land of 10 acres or more, that is stocked by forest trees of any size and capable of producing timber or other wood products. Business of Agriculture Exemption - Annual Certification To maintain the "Business of Agriculture" exemption, each member of the same famiiy who has inherited real estate for which the business of agriculture exemption was ciaimed is required to certify to the department that the real estate still qualifies for the "Business of Agriculture Exemption" for a period of seven years beyond the decedenYs date of death. If during the seven-year post-death period the real estate ceases to be used in the business of agriculture at any point or does not generate a minimum of $2,000 of gross income in any year, the owner(s) must notify the department within 30 days of such occurrence and will be liable for inheritance tax in the amount that would have been paid on the fair market value of the real estate as of the date of the decedent's death, plus interest. The department will supply the owners with the annual certification form. � S.W.Barrelt Real Estate 8 A�al Services File No.7 T-0022 i __ . .. . _ _. . _ -_ .. _ __.__ ___, i I APPRAISAL OF � � t � — � a+�� -. T -�.�', , - -�1 . �li � .�" :4� . _ b __ .1� i — � � _ . __ .._.._ . �c —"' . .�_ . , - .i' •!. ' ! `_"' —_ ' _... .._ ____ . _ _ ^ f" � �� t , �t - - _ - I _ri _ , _ _ �._ - -- , - � - -- �.�..... - _.__ - -- _ . _._.. :_ LOCATED AT: I 309 Greenspdng Road ' I Newvlile,PA 17241-9808 I CLIENT: I MaRSOn Law OHlus 7en East High Street Carliale,PA�7013 I I AS OF: i February 10,2012 i BY: I i Stan A.Skowronek � PA Certifled Residential Real Estate Appraiser 'I I I I � _ _____ _ _ ___ ____ _ _ __ ____ �h . � ��m ` � S.W.Barrett Real Estale 8 A�al Senices Fik No.1I-002Z il I i I i I 07Hfi14072 ' � il 'I Martson Law OfFlcea Ten East High Streel CaAisle,PA 17013 File Numher. 72-0022 I In accordance with your request, I have appraised the real properry at 309 Greenspring Road Newville,PA 772At-9808 The purpose ot this appraisal is�o develop an opinion of the defined value of the subject pmperry,as impmved. 7he prope«y rights appraised are the tee simple interest in the site and improvements. In my apinion, the defined value of ihe properry as of February 10,207] is: f610,000 I Six HunCreC FoRy Thausand Dollara The attached report contains the tlescription, analysis and supportive tlata for the conclusions, I . final opinion ot value, descriptive photographs,assignment conditions and appropriate certifications. . � I Respectfully submittad ��`,��-��. � SGn A.Skowronek PA CertiFled Residential Real Estate Appraiser � i i � ._ '_ ' _ ' .___ ___. .... . . __. � Summary ResidentialApprais port Faeno ix•oozz TM1e pwpose ol Ihis apP�aisal iepon is In pioviae Ine cbenronth a oeU�b�e apinion ol ine tlelinetl value ol Ihe subletl pmpe�y,grven Ne inlentle0 use alNe appreisal. Ciiem�uamenmenaeeuserMartsonLawOttleaa e�madNlA � Ciien�naoreu Ten Eaet HI h Street ci Carlisle siare PA zi 17013 ; naamonai mrenaea uzer s The Inlended User of this a ralaal re ort is the Client. No additional intended Ussrs ars ermitted without . the ermisalon o/the a reicer s. m�eiMea Use The Intanded Usa la to evaluate the ro e that is tha sub eet ot thla a ralaal to rovide the Cllent with an accureta and ade uatel au orted o inlon M value. wa e� namess 309 Greens rin Road C� Newville 5ta�e PA n 1724L9808 o+meiolPUGlicRecoiaKOU h KennothE.BJ.Ead eoun Cumbedand Le al0euri 'n Daed Book 118 a e 488 " ASUSSOrsaaicelaJ0-08-0591•002 tyxveu2011 aE.raves52318.00 � Ne nbomooE Name North N�w[on TOwnshi ma RekreMe OB•0591 Census nact 0128.00 vm N'hbA ialsetl X FepSm k leaseholtl X ONer Gescnce A�set ValuaUOn Pur oses iesearch tlld dIQI1MIQVpold IIOf5dIp501bdII5�PfS0�1�1EW�Pf110lI �pI1hP1�112! PdI51pII41112PAMYFr2GdR��IM58 I81511. arbr saiertmnste�� oare 12120H994 riKe S49 571 somre s Courthouse anarysisolpibiwkoivanskr�isroryoitAew0l�P�opettyla�compa�aeksaks,ilappteaEk) No Aortranafaroofthesubeetwithintha ast3B montha nor were tharo an Aor tronsfers of[he com arablee wlthin 12 months of thelr sala date. 011eeinBS.optbnsanACOnuac6asattheelkcwe0a�sotmeapP�a�sal Nonenoted .MMOMOMOWCIWM.bMitlCt+. OMLnkN0uWq1M1M�. OnlUnMMOUMM Cr�NnItaMIM�N LocaOOn WAan SuW�Oen X Rwal Pia VaF�es Inaeesi X SIeGk Daclinin PRICE AGE One-UnX 30% Buitt�U O�xriS% X 7515% VnGe�25% Oemend5u SM X In9alance PmSU OUO 5 2d�nn 0% GrvM� Ra i0 X Slebk Sbx Meikeo ime ViMer�mtlis 7l 3-6 mNS Ovn 6 mMS 80 lov: 10 Mu10-Fami 0% Neqheoinooeeaiaarks Tha suh ett ia bounded on iha north b Gresna dn Rd on M� 450 H h 100 Commerciel 0% � • aast b W�r6vills RC on the eauth b Ritn�r anC on tha wast b Newbur Rtl. t20 arm. 75 Om.er Vaa 70 ve � tueqhoornoon cear�poan The nub ect Is lofated In an aroa of mixad rosidentlal end a deWWral ues whieh ia eommon to Western Cumbsrland Coun . It Is wlthln reaaonable dNvin dlatance to ammanities such as schoob sho in and em lo ment. Merke�COnUmons(incNOinqappa�b�meaGV.ewnvlumns) SeeAttacheEAddendum amenvons Sea le al deaetl tlon niea 85.54 Aerea m0 sna Irro uler view O en eount 5 irrt Zani Clasvrcamn None known zonm oescn non NIA Zonin Cam Ience L al le al Non[aMOrmm GraMhttrt�eE Uu X No Zomn ilk al Cescn�e Istlreng�eslan�beau�olmevhjec�o�opeMasimo��tl(oiaso�oposeCpeiplansanespecmrations)meD�euntuse? X Yes No i1NO.EexnOe. UIIIIOea VuElic Otl�ee Oeurlpe WOlic OIMr tleutl0e an-niteim rwemmlFt e iu011e vriv�[e E�ectrr X wa�¢r % Wall Sneei Mawdam X Gas Nona Seniu 5exer % $e tit Ai None sireeommenn Thare are no a arant advene easemente eneroaehment�w other advene eonditlon. Ths sub ed Is not in a FEMA e sclal flootl hazertl area er FIOOA Ma f14215830795Eltlatetl 011&20092ona X. . GEN FWNO�MIN' EXTER TNNI- ma@IWt' WTERKKi� melerbb Unirs X One OreWO¢.uM � Concie45Wb Gtaw15 ace FpuMalionWa115 S�OM Fbon Cf fMll xo�5rorres 2 vulleasemem X vamalBasemem Emmrwalls WOOd Walls PlatrlPnl/DW T X Det Ftl. S�OeIiEnJUn�1 BesemenlArea 400 .R ROO�SURace MGtel TiirtJFinisl� WOOd X E+isli Pm 5N UneeiCOnA. 9asemenlFinish 0% Gu0ei560oxns ulsGelvB�IZed BaNFbor VIl1 De n 5 2 St0 OulsiEeEn IEdI Sum Pum WiMmvT Wootl Frama BaqWainxol D ell reerBmn1850 5mrm5asnnnwW�eCYes Ca�smiae None Enectiven rs 80 Sneens Yes X DrNexe xalters 4 Fltic None Healin FWA % HW RaGant Rmenities Wao45WVe s n oirvewa sunare Grevel Dm Slae X Stlns Otl�ei Poel OII Fiie ba s a Fence Gara e u o1 ears 0 7( Fboi ScMk Cooli CenbalAnCOnOilpnin GaWiDec4 7I Pa¢h Cai rl uolGais 0 FmisheG Heat¢0 InG'rviEUal OIAe� Poal Olhei Atl. Del. Bwl4in R liences % Pelr' iala� 7I Pan IWen �i5hwasAe� Dis sal Mqiv.vaue Was�etl0 i OIAei dexn0e , Fmis�etl area ebove reEe conleins'. 7 Rooms 4 BeUraoms 7 Ba 5 1 838 5 uare Feel ol Gioss Lm Aiea AEOVe GiaEe � nOtliAOnalFeaWres Rear eneloaed oreh. Smali tront eovered oreh. Commemsanthe imorovemenn Im rovements am in falr eonEltlon. Ths eo r IumEln �as heen removed b thleves. Ths furnaes needa to Os re laced er Mr.Hou h. 7ha home haa been vacant fa an e#ended time. The interlor and exterlor ahow sxtenslve defarretl malntenanca. .��n..,. . . vroN[MUfn9N]xAxveMlY�itiwwn.wl¢m IntlImmCM1T1MOAG.A�OWVnsrnMi50LYrroS�rvuf�x.4MiMaPefery i.-. >Wlld� (�1F^)GmntlVVV�VPUVINe4^�131EM cr�x�ow_osmuroio ADDENDU Lllenr. MansonLewOmus FileNO.: 12-0027 Pro MAdd � 709GC D' RO C CeseNO' Ciry: Newville S�ale: PA ZIO� 1�2a1�8fi08 , Nelgh6orhood MeMet Conditlone llsUSale�alio approRlmeteiy 98%.1 have considared relevant compeNtive Ilstings and/or controcl ofterinpe In the peAOrman�e af thla appralaal and In the trending Intottnation reported in th�n aection. If e trenE Is Indicated,1 have attached an addendum providing relevant competitive Ilatlne��a�tract oHering date. Lxal multl•Ilet data Indicatea stable merket in the past calendar yeer with na appreciation in the au6Jecta markel erea,with en averege marketing time o190•180 deya. Economic trenda and lendinq ratea have remelned favoreble. Salee conceaelona an occuring more frequently, however,there le no Mnown prevelence o/unusual seller flnanclnB�onceealonn or buydowna. 7hero ere new homee under conatructlon In aunounding developemente,ea well ee reaalea evelleble In the neighbarhood. Commenta on Selee ComDeAeon The eubJect han two older outbuilAlnBa wilh the largeet heing n 40x60 benk bam and an 1Bs40 wooE frame machine ehad. Theae outbulldinge aro In talr conditlon. Compereble K1 hee alml�er outbulldinya with the lergeet heing a 53x100 metal pole bullding and e 52z7B benk ham, all 6einp In averege lo good condilion. Comparable p2 hee elm�ler outbulldlnpe with the IarOeet being a 40z58 banF barn end e YBa3{wood freme mechin� enea. ComOareble q3 hee elmllar outbulldings with the lergest balnq a 66x5611veatxk bullding end e 20x10 pols bullAing In poor to everage condition. - rdxmw+vaw�n� y Summary ResidentialApprais :". port FaeNa. �s•oozs FEATURE � SUBJECT COMPARABLE SAIE N0.1 COMPARABLE SRLE N0.2 COMPARABLE SALE N0.] 309 Greenapring Road 1481 Newburg Roatl 241 Kernvllle Roatl 72 Covered Bridge Road nnareu Nawvllle PA 17241 Shl enabur PA 17257 Carilale PA 17015 Newbur PA 17240 vio.�m ro 5ub�a 8.01 milea SW 5.20 mllea ENE 6.33 mlles WSW Sale Grke S E 750 000 S 599 000 f 850 000 SakPiim,iosslaPrea s 0.00 ,M1. E 27d.38 .�. f 259.08 .tl. 5 408.85 .�. Da�aSOU¢es In� lon. Courthouse Courthouse Courthouse VeiAKa�ronsou¢es COURhout� VALUEAO)USTMENTS OESCRIVTION DESCRIPTIINJ •�)tea'wmen DESGRIPiION •{s uwr�.n OESCRIPTION .p�snn�ame+ sakoiFinancinp NIA� . Unknown Unknown Unknown Conceurons ' ' Unknown UnknOwn UnknOwn Da�ealSaleRime IUIF 1312912011 07/0112010 10101/2010 Lowiion Rural Rural Rural Rural LeasenoulFee Sim ie Fee Slm le Fee Slm la Fee Sim le Fes Sfm le Si2 BS.56 Acrea m!I 88.t4 Acres mll -1�500 BO.AB Acrea mll 125 300 99.27 Acraa mll •53 850 view O an eount O en eount O en eount O en eount Des n 5 T Sto 2 Sto 2 Sto ]Sto aii o�Wnwuc�ion Avere e Avara • Avera s Avera e .' ncmai n 181+1-Years 1 J7+1-Yeare 739+1-Yeara 122+1-Years : conaroon Falr Avera a -tOYe -75000 Avara a •10% -59900 Avera e -10% -85000 AEMeGaee *ox ea.n e.ae raa eam� eaib raa sema e�tte raN admv axie Room Couni 7 4 1 10 / 2.1 -7 500 7 4 1.1 •2 500 5 3 7.1 -2 500 : c+os C� nreal 5.00 1 838 .n. J 200 ,n. 43 470 2�12 .A. -10 710 2 O80 .n. -8 830 � Basemen�6FinisheC Partlal Bsmt Partlal Bsmt Partlal Bamt Partlal Bemt noomsBebwGreee UnflnlaheE Unflnlahed Unflnished Unflniahed wnctionaiuur Avera Avera Avara Avera • � neao oolin HW/NOne EB&Nana HWB&NOna FWA/Nons E�r enkienu�ems T Ieal 7 Iql T iwl T ieal Gaie eitar n Nons 3CarGlWksh 40 000 Nona SCarGNVksh ZO 000 Pmcnmatiavect Por�hat Porehes Porehas Pore�ss None 7 Fire lace� -7 000 7 Fire laca -J 000 None OuroullCln a OutbullCin s 0 Ou[bulitlin 0 Outbulltlln a 0 18x�91n Paol •10 000 r+n na zmem oui % � s 148 430 % � S �9 790 % - S 187 780 AENmOSakPrke � Ne1PAj. -19.SC� Ne�nA6 8.8% Neinaj. -18.7% o1CO eraeks � �� Cms . 19.SW S 803570 C+as ' 75.2% S 838790 Goa 19.7% S 882220 5umma olsa�escom rimn n imcn Site ad ustmant la made at SS 000 r aera. Condltion ad ustment wvero all im rovamants includin outbullEin n. Unad uatad rica ar acrs whlch Includes Im rovementa la S8 SOO lo S9 904 r acrs. Tha atl ueted rics er acre ran a hom SB 840 to S70 584 ar acre. See a@ached addendum. io �o rov��u�. � SMevaWeCammen�s Coata roaehnot rovlded ESTIMATED REPROOUCTIONOR FEPLACEMENiCOSTNE`N OPINIONOFSREVALUE .......-5 0 - ..........._...... ........._. . Sau¢laicaStleO �ellin S .Ft S ............=5 ,' al ia4 homcoSSenice EIIe[OVeDaleolco94aN S .FI. f _..........=5 0 . LommenttanCoslA �oach ioaiM arearalculahans,tle iecalnn.ek. � Coat A roach deemetl e oor InCicator of valus. The caia l[ar n 0 .f�. S ....._ .=s 0 • EntimatadRemalnin EeonomleLife-5 an touiesnmareo�tos-r+ew ........_..=S 0 tess P � I FuncAanal Etlemel oe ittetion =S 0 Oe ieciauNCa9o�im mamen6...._......... ............ . =S 0 'ASis'Value ai Sik Im rwemen6...... ......................_ =5 INpiCATEOVAWE8VCO5TAPPROACH..................... =5 O INCO�!1 V PRO�CN TO V1 W[� Es6mamaMOnm MariceiaenR NlA xGmssRemMUni lin NIA =5 N/A mECaceovalue Inmmen roacn • SummnryofincomeAppma<�(incNEinpwppo�kimarkelientanEGRM) N/A mem.uev.w.n: s.�neom .aune ,o.cns840 000 ea.0 m.cn nam�em f 0 �nmmen rwcn naevam •NIA Ths Market Oata Anal In su oAS m o Inlon of value for the aub ect. The Coal A roach was not deemed an a ro riata Indloator of value antl theretore was not Inoluded heraln.Th�Incoma A roech was alno deemsd ina ro riate for this , anal I�. The ad ualed rlee r a�re ren e is SS 840 to f10 582:SAV•S7 500 r aero timaa 85.54 aeras� 5841 550 O inlon of value for the sub ect ro Is 5840 000. TnitaoVraisalismaEe 7('asis.' w��eclmcompkron0er01ansar�CSpeaficaoonsonMeOassatahypoNencalmMiuonNatTeimO�avemen¢naveEeencomple�M, ❑siEjMWlheblbMrgiepaiisoraMiaAansonlM1ebaSisolaAyyoUlOCalronOilionNalNeiepaiisoiaAeiaWnslwvebeencom0�� ❑wbjeqrot�eblbmnp'. � Tha ro art has been a �alaed In currant conditlon. This la(or the clients usa onl . , BuetlmNexopsotwplyu�umptlona,limMnqconEltlana+ntl�ppral�eYace�Eflcatlon,my(aurJopinbnWNaEaXneEV�uvotthsretlproperty Nubtheaub�xtofMMrtpartlai 840,000 afo10211012012 .whkhbiMeMecUVederooltlibapPr�isal. .. PaM'NUnMAGwMU�AtliL�IPrnnMeYtem IMMmfQ�'�ONbA14K1Cmfandl500mm5lM[e�u[uIPq�OnefeME � ��,,,/!p��1 GMiMI (4VM^IfmntlVUVwlmnulP�'JSOSIlA�10 �...�w��••:��.•�„•,,.�� - . -•• S.W.Barree Real Estate 6 Appraisal Servlcaa Fne No. 12-0022 Scope of �- ,Assumptions antl Limiting Conditions Scope af wwk is EefineE in Me UnHVm 54ntlarES ol G�ofeasional qpptaisalPraetiee u"Me rype anE e�tentol researc�antl analy�es in an aasiqnment"In short,ecopa olwak if aimpy w�at tl�e eppniser EiE mA tlitl natlotluring tl�e[oun¢MNe aefignment Itinclutlm,C W ia not limitatl to:Me exMnttowhleh tha prope�ly is iEentifieA an0 inspecceU,Ihe rypeantl exrontol Cab reseucheE,Ne rype enC ez[entotanayeea aOP�Ktl tour'rve at opinions«conclueions. T�e seope olNie apprais�l entl eneuing Oiscuesion in Il�is�eportare apecilk IoNe nnEa M Mecllen4�e�IEantlfleC In�enEetl users anE roNe intenEeE use ol Ma rtport Thii report waf prepareE for the sde antl ezcluaive use otNecliententl oUer itlentifleE intantletl uaerstor Ne itlentifie0 inten0etl uae anE ks use by anyoNer partiee is prohibirotl.The app�aixr ie notrenponaibb IarunauMaizetl uae ol Na reOOM1 The appreieer'a ceNikafbn appertinp in Nie apPraisal re0��a sublK«�e lollwvinq contlPomf antl ro suc�other speciflc conEMOns u ve aetloeN by the appniaer in Ine re0�p��exhaorElnary assumptlona and Irypaheriul cmtlibonf are sptetl inMe repartanE mig�thave�XechE Me asalBnmen[reeulb. L 1he aPP�aiser emmes no respona�iliry br maAeis al a legal naWie aAeciinB�he pmpeM aDU�aiseC oi utle 0eieio,nm dces�he appiaiser ienaer any opmbn as m�Ae li�k.wAK�is ' aswmeC�aUegooJaMmahe�aEle.iAepioperryisappwisetlasihaoA�untleiresDOnSiblemvnerNip. 2.riny skekh in IAis iepon mdy s�ow a0p�a*�mate Uimensions aM is incNUetl ony lo assiLOe�eadet m viwali:rtp Ne pioperty. TAe eDPraiser has maJe no wrvey oi Ne piaOertY. 3.Tbe appiaisei is nol reQuiieU�O gbe IeAimony or appear m mml�e[ause ol�ahnB��Ne apP�aiSalwi@ releience lo IAe piopeM in quesipn,unkss nrangementl�ave Eeen D�QVi0115F/IIIBOP IIIPIPM. 0.Neil�er all,noi arry Dait al I�e conknlol Nis repon,copy oi al�et meAia Nereal(mcNtlinA conclusionsas W IAe properryveWe,l�e benliry oi�he appmisei,pmkssonel tlesipne�ions. oi IAe firm wim wlikh ihe aPVraixr is connttlea),sAall�e uud lo�any Omposes by anyp^e putNe tl�ent and olAer inle�eE users es qen�ifie0 m mis repoM1 nor stiatl il be comtyeE Uy anynne lo IAe publk NioupA aGVei05ing,publk ielalrons,news,sales,oi olher meUU,wi�Aoul Ihe wriMn consenl al tl�e appralse�. 5,T�e ap0�aiui will no1 bwlo5e Ne conren6 0l @is appiaisal ieporWnksS reOUireE 0y applicableWw ai as 5pecifieU in 1Ae Unibtm 51anGaiUS oI Pmksswnal ApOraisal P�aclice. 6.Inbrmation,esumales,and opinqns NmisheG m iAe ap0�aiur,anE conlaine0 in tl�e repon,v.xre o4�alne0 hom wurces con5itlereE reliable ana believe0 m Ee vue anC coirect. Hwrcuet no iesponsibiliy lai accumry ol wch iMms Iumis�e0 m me appraise�is ammeC by 0e approiser, ].iAe a00�aiser assumes Ihal Neie are no NJden oi unappeienlconGNOns ol Ne piapeM��Owil,or simcNreSwhph�wultl re,Mei n more ai less valwpk.T�e appraisei asmmes na iesponsibiliry kr wch rontli�ions,or loe enBi^eennB oi testinp,w�kn mpAt Oe rcquneE m Discovei wcA lacmrs This appmiul rs wl an enNmnm¢nul assesunema�Ne piaperty ana sAOUtl not be cansbeie0 as wc�. B.TheaOpraise�specializesml�evalua�qnolrealO�oPe�baMisnaleAameinspecbi.OmbirqconM1aclor.NrucWialenpinreLorsmilaiex0etl.unkssaNernisenol¢O. Tl�eappmisei tliE nOt contlud Ihe intensM lype ol fieltl observalpns oI lAe kmU mleMeE ro Seek anJ�ISOwei propeM Oekc15.llie viewinp W IheO�oDery antl any impiammenb rs Im pmposes ol tle�ebping an apinqn al tl�e UehneC value ol l�e piopeM�A��he inlenEeU use ol Ihis asspnmenL SlaRmenk reAaiEiip mndilian are OaseO on wrlace observalons ony.Tpe aOU�aiser claims iro speciel expeitise repaiaing issues incWGinp,bW no111mneE m�bun0aoon setllement.baumeni moisWreOmbkms,xaoe tlestroying(o�oNep inxcls,pe#inhstaWn, �aUOn gas.lead baseE peim.motl oi enHronmen�al issu¢s.Unless oNermse iMkate�,mechanical s}slemswere nM acWattE o�le9ttl. TAdapP�aisalreponstiouknotheuse0totlixloseme[onUNOnoilliepmpeMastlreWlesromepieuncela05¢nceolEekt6.TheclientismvMdantleircauragetlmempbyqualifieE pMppM1S10in5plL�dIIQdQUlPSSdfpd50�[011[¢IR IIOQAdINlCOOQIU01153RdIY0V¢�¢d.tlllOplllqll�lYdWQTdybP811BClfb. Unkff otharwifa nohA,the epprNaer assumn Me<dnponenta thstcrosCON Me suCjectpropertylmprovemmt(s)ueNnEamenWy sountl�nE in WM�t�11Q IXQlf. Airy vievnn0 0l Ne pmceM by 0e appieisei we5limAeO�o ieaDiMoOServaOk a2az.tlnkss otliemvs noRC,a1MS antl cmvASpace areas vreie nM accessee.The ap0�aisei CiE not move A�m�ure,Aoor caverinps oi alhei ilems Ihal may resli¢I tAe viewinp ol Ne pmpeiry. 9�AOO�aisah invaMip hypoih¢6ca1 mMilions reWiM ro campkipn ol nex con9mclbn,iepairsor a�eiaaon are Aazea an Ne atwmption I�at vcA compRlp^.allera�on or reDarts m0 be compecenty perbimeC. 10.Unless II�e inhMeG uu af mis apPiaisal5pecificalM incluCes issues ol propeM inarance<oveiaAe•�his app�aisal sMUb iw10e uxM Mr wch pwposes.RepioOiwtian ai RPp18CpI11pM C05 fQIlfQS USPQ Ifl Ihp CO51 dpQf�dC118!¢kl VdFJdC011 p111p05250I1M,QNEfI IFR NRnUEE IlY 0�IhldS5g11RR111.1TE�MIIp1101VdIIlE I15P4 i�111i5 dSV,11111211I IS�IlllkEly m Ee coni9enl wA�Ne JefiniAan ol InvraUk Value bi O�opeiry inwiena coverapeNSe. 31.T�e ACI Genanl Porposs�ppnisal Report(GPpR•')i�na[indntled farute in h�nf�ctlOn�Na�requiro�F�nnie M1Le 100ClFreEdia M¢]O lam, �Iw knoxn n Ma Un Harm PesiEan W I/p prals�l Reppt(11(UI». . AtlCiHOn�l Commmb Rek4E ToSCape Ot Wark,Aaaumptlona anC LMWng CmOHbns Nona �"' ��w�m��ana.u�.�eoon.�:zr....�..ew. m.ro.wmamorasmioiwm.o�nwa..+s.�....�a.uaa�v..�..a .� �n >a9�lolt I9��P^IGemYV�nV�Y�OY��falFeVn IL3W5 �� G>WLiY�y11AN oir uo. 12-0022 Appralser ification . Theappraise�(s�certiliesU�a(tothebeetoitheap0�aiser'sknowletlgeantlbelieC , 1 I�e siaiemen�s of lacl mn�ameJ m IAis reppp are Iwe an�wnecl. ].ihe reparictl awtyses.o0imm�s,antl conclusions aie hmne�onty Oy 0e reponetl asvimpipns an0 IimNng coMnions anp aie�Ae appraiser's peiwnal,unpailul,antl unbmsetl O�OIPSSqlldl TIITI�SCS,Op11110115,dlld(OnCI115qI15. 3 Unl¢55alnervnseAalea,�heappieiSei�unoprev!ntolpmspeclrv2iniele5linl�epiopelylAx1i51M1ewb�ecloflhisrepoi�dn4�ll5nopeWnahntereshvh�iespe[Iiol�epaNes invoNeO. d inea0p�eaei�asnn005wili�respec11o11�epmpe�ryl0alisl�esubl��ollllrs�¢po�imlalhepLpieSinvoNedw�ih�llrsaisignmenl. 5.il�eaVP�aiselsenqagemenunNrsasSi�nmenlwdsnolronnngenlu0on4evebpmgonepoNngpiedeleimnmtlresutls. 6. f�eap0�aiseismmpenuponbicomple0ngl�isassignmenlrsnolron�ingenlvponlhe�evebpmentoiieOoNngolaO�eDeRiminetivalueoiMecWninvalcet�a�lam�sl�eczuseol I�e cbenl.l�e amounl ol l�e vabe opinion.Ipe allninmen�ol a sOpulale0 rewtt,o�ihe ocNUence ol a AIOSCQuenlevpnl Entttty lelale�lo IAe mlendetl use ol lh�s aOPraiShc 1 T�eappiaseisanayies.opinions,an0[ontlusions�reretlevebpedan01hi5mpailhasbeenpiepaiedimm�brmM��eUnAOim51an7ai�5olPml¢ssronalAppiaisalPia<Iree 9.Unless ul�eiwise noled,@e apprsser�as made a peimnal inspeclpn ol @e pro0erry IAat rs�Ae w0�e[I ol t�rs repon. 9 Unless no�e0 Oelpw,no one OimMetl sqnihcant ieal pmpeiy appmisal assistairce lo IAe aPO�aiser sgnmg Niscertil¢alma Sigmkanneal0iopeiry appiaisal assistance piovMeU�y. ACOi�ionalCertifica6one: ' . None OefinitionWVLUe: X�AyrkAValue �OttierValue: SourceaiDeM1nnon USPAP The most probable price in terma of money whic�a O�oPenY should bring in competitive antl ope�market under all contlitiona requisite to a fair sale,Me buyer and seller,each acting prudently,knowladgeably antl assuming the price is nat aHecteA by undue stimulua. ADDFE55 OF THE PROPERTY PPPRAISED'. 309 GreensDring Road Newville PA 17241-9608 EGPEClNE DATE OF iHE APPRAISAL F¢b�UdlY 70 2012 APPFAISEO VALUE OF THE SUBJECi PROPERTY E B40,000 APPRAISER SUPERVLSOf1YACPRpISEH SgnaWre ��r.fC(� SignaW�e�. �� vame� SWn A.Skowronek r�ame- Steven W.Bartett,SRPA,SRA,ASA S�aieCerunceuonn RL001572L SiareCernMawnp GA000Y98L OILICPIISCk OILMPIISPp ' � oi OIM1e�IdescnGel. Sule p: Sule. PA Slate� PA Erpnalron0atealCemMauono��icenx�. 0 613 012 01 3 Expua�mnoaieolCeninca�mnmlkense�. Q6I30/2071 �a�eol5gnawre-. 03H6I2012 Da�e ot 5gnamie and aepon. 0 311 6/2 01I oare ol Pmpeiry v�ng. 0 2/1 012 01I oa�e al Prope�ry Vievnng: 02H01P01I oegree al propeM hewing: ��egreeo�piopetryviewmg QlmeioranOE�@rror �EeteimrOnN ❑DiUno�personaltyview `nJln�emran0E+�enoi �EeleiwrOny �ppnotpeiwnalyhew - �•�Y.uMUSryAPWMmBA)Y[I)�mmr�mM�un �M1SbrmCM�+qXO]I.OVAl0�ll0ixmndi50Uairs5mmtsixnni�pnRxeurvp ' �ry'Iq3 fWnP^IGmnAevpsnM�i�U�M�moLi06 � ' � - S.W.Barrett Real Estate&App2isal Sarvices FLOORPL . Client Ma� n Law Otficea File No� 12-0022 Properry Atldresst 309 Careensorina Road Case No� Ciry:Newville Sta�e' PA Zi0' 17241•9808 I ._ . ___ . . _—_- _ - __ .._ _ __ _ . _— ___— _. ____._ --_____. . ___ __.__._—_____.__ —,I : : Ericlo'sed:poPch: : :-: : �' Dining Kitchen � Living .'.PaFCIf.°.'. Bedroom � � Bedroom Bedroom � eedroom �,Bath nM�va COrtXfI!l1�5� " . AREA CALCULATIONS SUMMARV LIVING AREA BREAKDOWN CoA� ��walPMm NN91a NMTdW BnaMEwvn SubtoUb pLAy }Sr�t [SOOr 819.0 819.0 lSr�t lSOOr �i.A] e�conE [loor 819.0 819.0 ]1.0 x 19.0 819.0 P/P molo��E Porc4 300.0 9�conE llooi eozch 55.0 355.0 21.0 x 39.0 819.0 I Net LIVABIE Area (rounded) 1638 2 Itema (rounded) 1638 �UBJECTPROPF_RTVPHOTO qODENDUM Clieni'. Nart w Offices � File No' 12-0022 _ _— __.. _—__ ._ __-_—_ __ — . __.__ _. __ Prooerty Addr 9 Greenspring Raatl _ CaSe No_ Ciry:Newville — —� -- Ia�e� PA ZiP' 17241 -- - FRONT VIEW OF SUBJECTPROPERTY Apprai5ed Daie:February 10,2012 — - �!��"�. Appraised Value:$ 'y� Y -..� ...,,� ..,,� -_ _� =� � "� �---- -- - - i. '� � _ . �� _ � - ;' � `, - , � _ - - - - --- -- - � I REARVIEWOF 7� � SUB.IECTPROPERTY IA w. Is �I i\ / STREETSCENE \ I , � ��M ' I�in' � � l � �� e. i �:,, Client: Marts w OHices /� File No.: 12-0022 Pro�erry Addr Greens�g Road � — � � ! Case No.: Ci : Newville �� e: PA Zi :17241 � . . . . . _ _. . I I I ' I,'��-'_..��.�'� 4�� _ i �h I � �" :L � �:.. ,-,�.. 4 ; ._ ,r .�;.� - � �....ad....�N„��_�,.m, ,.�,��.�,o QienC INarts wOffices ,, FileNO.. 12-0022 ___ __ _ Piogerry Addr�Greenspring Raad ____ .� CaSe No, _ __ ___ Ciry' Newv Ile yiate PA Zip- 17247 - - . -, ,,,,�v+�,..�,�,�,�..,�,�, � �i Ili t � -_ _. ..�..� _ � � '_ I, '�� .; ` � -�. I _-: "t" i �� 'r__- �� i �� , ' � _ ... . ` J I .... -. . i\ . . _. _" ' " __ " __"'_" _ ' _ _ ' _ ' � � � ' I ' _— ._ :`Y _ � ^ � �.tl� �,_ .- . : ' �-�'�� ' r. A "�'�i. 15 Y �i ;"„�R^��`„��;�,°_ i a'i ��- 1 I' � ' ^ — - — — — -�� ,� _ I - �, •'`�'� - � � . I � � � �� ' i � II li �'�■ �t . _ A��,�,�,�.�,,,,a,..,.a.,�� ,,,,,�,�,o,� I Q�eni: Marts OHicee , File No.. 12-0022 . . . _ .� . . _ _ __. .. _ PropetlyAddre� GreenepringROaO� _ CaSeNO.�. Gry'. Newvilie �- - - -- - - --- --� $tate� PA ZiO� 172H- —� � - yq� i f' � '�P�, � �r. 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"?� � ,a, . , ' T� �} � � t;'? �k' ` 1 ' � , � !.-�'P , A �. ,, . � � , � .�` i f � n, ,a . -�� i . . �x . ' � �} � t � ` ': ` F' l�j A 1 � / � �.I * f. , • �� fYny��S �k4 �,k 1 � C., � � � +� . , k+� �-�i�.��'"��r� �,l `?n ., � • �' f Y� ."' .T 5�y� � �''-� y�� " h_ � �� • �'f1, t' � .. a� 6 .. ,a.+n' � ? '. a _�.M\ �: '{«'� '��» r . 3' -.� t. �;.� % w ,. � \,,.. �`�'�i.,;F,','`��.s�Yy �� . ,�r '�, �j•�' 1 �4�� -� � � �Y'', � r�r � '�"� �. �n� ��i� �.\\ � .kY. , �� , �.£' � �, .�r� � N� :t'� ' '� ..\n . �.,1 1�`,� ��.;; � � �' � �� f � C� � ��+a�� . ' � ''x\ , .. . r ,,�' W�': .�!�� x 4• ��- �^\ `,, ✓ r�� '�' �- `, t .� e- H. e i: � 'al�� '� _-f1'" �'r �1.� '", � *� +c. � a '�r i� , � K� 1 ***��\\\ � ..';�I�''� '{ � I J � � ' 1 � !� �1.� ' �rWR .+' ' ., � r y� t . ' i � ' � �"� 9 . ��r h-4`y .A,�9 7 t"�'� }. � . �� I � e i 1 '� .J�... iF � � - \ � � .y.X q L� , ,h.l �+ � �,� i � �j �, t •�r� � y�4 / .y �. ` �� l '� � r � � q� .�` D c7 fy ... • � .�' '•nr, g.� 4� 3 ' . r�� 'Y� `' " �% ... q .r "\ �� • , . � . ,• ,� / Z��p�y�! �+ ^q� ,""r$� I � �, �� M 'af.'�}'�� f �f� 1 r a� • „� � T � �'�.� � � , \} �r �� > . `�� ! 4' . t -} rJ `i��. , ��'��, •� '' \�f` ' ` f e J" f 11R `a 4� yYV1 �Aw� t , �� .. ��f��1'A � �� frQ- � � �h' ''� • 1 4 T • ` LOCATION : Client Ma �on Law Offlcas Pile NO.; 12-0022 Property Addre55:309 GreensprinaRoad ' Case No.: Ci �.Newvilie State: PA Zi : 77241-9608 � I i. II , � I �o�bliny GaV I I� �i I i � e'' � n lo�sc Fre ` 6�d�aa 6'aeaernHe 1.no'�0.n 9JA I ♦ I4 99] � C � �l� ` Comparable Sale 2 I . . 241 Kerrsville Rd _ ,P�htY\v��aS9� � (5 20lmile5 ENE115 I He6eding � _ -__ D �:.3 ��_ ,�,.� .'�� _' ' zaa [ A . . � q_-,.. ......_ ^ Kc,.y.�.�,t. : .��-.. . • Sub)ed un _ A _ --�:-� 309 Greenspring Rd �ke'-_- � s Newville,PA 17241 t' ej 's�,_", c �' eet �� Comparable Sale 3 "�,0.d 533 Idount�xk 72 Covered Bridge Rd �°�� '3J Newburg,PA ll240 � � ❑ (fi33 m11ES VJSW) Greeniurinu `+4 - Nty�.l s s `'/i 3 4� rKK� _ I p ` (Oa4ville '� N ' Y.� t � Comparable Sale 1 s:�°� i ' 1aB1 Newburg Rd ., °�ry OickihsOn I 5hippensburg,PA ll257 � "� S:uuq1,>W�.vr ' (8.01 miles sw) � ; 4� Pn<RA 11 °� �% � . •9a.;d�� L I � I � 7rm1i1Jwn W alwt 0ottom I . +.IIUU'e - I ;y�l . . .ad • y I �,.n . � .aNO3°':. � � R Na.,�. �33 I +� lp1 i �'.c ; I i R�r Shippensburg cnesir.m , i CrossmaJ� �. �`� i r,�.�ut�,r �<h• a., I � R��e t �`v �mi n96 � a�l � . � .II�dInplGp Tr,y I . `;1�9dE . . .55Ri1e5 I f 1 ' y�'��'. cdn�� ' e . .. _ __.__ __ '" '"_ " _ "_'" I ClienC Martaon_Law OHices_________ Fi�e No.: 12-0022 Pmperry Address;I09 Greena�ringRoad_ Case No.: Ci� : Newville S�a�e', PA Zi : 11241-9806 .�-.� �� ..r e... _ . .r_ . . y u \ - ..`H:.,,,.,,y�_ YvM� ��" . � . \ y SF �"i°T�' �3 ~, w,��• rtxA ,� � # ,�.d� 5� ar � 4 ,-��. �' .. �\ �� ..1Y �` �� . Y r ' \ 4.,r 4.V�i' 4 '0�.� M f f./ i t� �. \� �i,��, s t ,?;.»r- .a��.. � " f_ :.,;:-#.4 c4 �*. , :s.. .. >��,.� ;�x�x,�C�,'��. � �� . . �� :` ._r� n � a .'7 � .�� t� �,ty ww„�.+ � pw �_ r, r s�° � �z �` �e � � �i ,U � �� ^� i � � a :� � ! � � �"�u�� a , � Su bject ��°� �a� � 309 Greenspring Road '� k ` i ' Newville, PA 17241-9608 � • � ! . ��O E�^ 1 �0 �'f�. ��V I I I �,�� ` � m:s± � � :ty' a sr�;. i ,P auelznu g� i 6 � p I `�-q 1 „ I I NJ RaiMOaA �8ti f � � T35� F RE ;'s ./D0 I S �� I i µa m° I *ryl�d .t� C� � V� ' �• � A �I �, �+ ��%� d C t 9�y di° eZ FIOOA I�formation FIOOdM2PL@gf(Id :ommurL`o 42+583-•1^!EL'JTONT4MP0�CUb�6EA._ANC P'oo9 Zones Frope.ry is rct ir a FEFAA spoual flooC Pazac uroa ans,rvwn�IMqSGOV�xMaAPp '+1apNumt�er42'5A7(1195f. llrpUarxp3:lfr:'CG Parel'CI95E P PS a20at MnaUfWmIMi00.�Ml06y�arMOOp�rm Zaiie'X : �� .r.:..� a�e�.�urtGMraey+o6puneaaNp �I l � Nr��nwMM.tl4yrppY�ar�eoGM9+�nvNxNynvir! .� I � Faoox um w,mvr ' , •/ i,nr.��.u.�l..i Ii��.tlrvve..:L.r'i0:.e�.✓��I i�i r,.r PGU.na.o� �' rnpreun:alory cr v�ammLea•o any party crcem ng me con�e+�,acruraco o� I � f�9lP�ray/e�efwSM1V�lat<Y�u��d ompe�enebfo�th�s'ov_npoY,in:'�i�penvo'��on>�Mme�:-�ma>tlieyn� � c i Atq�lIW�OIIMTINODMO�iOMIb0G11.1i1103 �9ieeelwAPaN: ..n1. �Vnrr �...lpnffll^.u.nwql":xiLn.clln��f1�-. I �eo0 ie0or,snau�vre��,ieulcy ro anti.p.c pa?:t�r;n; ,e�r m�su:.e n� I I N�mMlmppJ011NypyW�M1�Ei111fA ihisfl=�»moo^. � � Fde No 12-0022 I """"'""QUALIFICATIONS""M " 'I II T�e iollowing chacked itema are SPECIFIC SPECIAL CONDITIONS thal were IdenUtled by thla apPniaer duNng Ne inspection at t�a su6�ect property,Ne comp�nblee aales,and their neighborhoode ana locatlona. Unleaa othorwise � nate4 t�e condiNona that apply to t�e aubJed property or Me compa2ble aalea used DO NOT AFFEC7 THE MARKET � � VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. Thle la not a home + inspecUon service. Thie ie an apPnisal to eatlmate markel value. , i � i _x_t. The aub�ect le located in a rural area and is leee than 25%6uilFUp. I I2. Commerc1a111nAuetrial usen are locatetl within Ne nubJect'e neighborhood. Theee usea are typi�al of eimilar neighborhooda. � _a_7. Vacent and undevelopeE land uaea are located within Ihe auDJecPS neighbarhooE. These usee are typical for the area. x <. Tha predominant value In tha noiqhbarhood ie loae lhan that af the market value of Ne aubject property. Thla I la due to the very wi0e nnga af value of propeNes In Me area and nupeHo�qualiry ol Ne aubject properry. 5. The aubJaet property Is located in a F.E.M.A.IdenUlleC Flood Zone. Flood Ineunnce coverage is requfred anA I auggeated. 8. Dampnese Is noted In the baaement of tha au6JecL Shnding ar running water waa not O�eM on baeemant I flooa TNa conditlon ie conaltlared rypical In dwellinge af thie etyle. ! _Y_7. The aubject properry le aervlceA by pAvate well andlor septic eyetema whiah la�ommon for the area. _a 8. T�e suDJect Is olAar Man flva�5)yean. All mechanical syatamn Including Ne heating,electrical and plumbfng eyetemn appear u0on a vieual evWAOr Inspection to 6a in working ordar. No warrantles arv Implied in Mis atatemenL 9. ReDair Itemn were nototl In the commenb eectlon ot Ne reporL T�ese commenls on repafr itema are For � Oeacdptiva purpoaee only and are not repuiretl mpain. The tteme Iiated am conmedc in nature. I 10. The baaement iloor in a diA flaor. Thb conditlon is common and typical(or the area.and doee not poae a � health ot aafery�anN. 17. The eubject properry Eoea conhin functlonal obaolescence a!noteA In Na report This canEltlon is � conaidered typical an0 tommon for Na area and thle atyle dwelling. tY. The lan0 valua excaeda JOX o/total value Aue to Ne�Igh demand for vacant land in this neigADOrhood. This I conditian la coneldereC common anA typical for the nelghborhooA. � 1 _a 19. The Ia�O value ecceeds 30%ot toUl value. T�ie ia due to Me large alze of the eite. Thi�tondition is � conniderad to be typlcal and common. ■ 14. Individual adjuatmenb were requlreA Nat excead 75%. These adJuefinents were requlretl Eue to lack of more aimllar comparablee on t�at Intlividual nLnp. All tomparablee useE are Ne Oeat avallaEle. � x 75. Tatal adJuatrnants exceetl 25%. Thia la due to the lack ol companble aalea that were more similar in Ne aubJecCe markat area. All comparablee useA are th�beft availa6lo. s 18. Ona or mora compareble aalee arv olCer than a1:�8�monfhe. Althaugh Nore are companble propertiva in tho � suEject's area,nona�ave eold retently; Nerefore,aalee in excees of niR�6)montM have to Ue uaed. All compare6lea usod are Ne heet availaEl�. x 17. One or more comparablee uaed were in eYaeae of one(1)mile from Ne suD�eet properry. Although thore ara I tomparable propertiee in Na ImmeOiate area,none have nold retently. Therefore,it was neceanary to uae comparaDle salee outslde of the immediate erea. All com0arablea ueed are located In almilar nelg�0orhoods anA within Ne same markating area. All comparaElaa uaaA are Ne beat available. _78. The elecMcal ayatem was not connected tluring Inspection. _79. T�e watet aervice wae not cannected Euring innpectlon. I _20. T�e heating ayetem wan ehut down during Inepectlon. � I _21. Rooflng_Plumbing_ElecMtal_Heatlng_cartiflcatlon�e�ielare auggeaWd. I 2]. Inground awlmming Oool_,out buildings_are IncluAeA�not IncluAed according to IendeYa � guidolinea. — i 2�. According to IenEeYa gulCelinea a maaimum of_aores wera conslAereC!or this valuation. Remaining acreage wan given no value. • I '�r/ 'v+' Fiie nb.12-0022 i � �` """""'QUALIFICATIONS"""'�*"" � i, I � _24. The subject propert/is lowted on a private mad. �� _25. Wood intesWtian inspection is suggeated. III Ix 26. Last retortlad deed tnnater: Date_12120H994_,Consitler�tion:S_d9,571_ � II _27. ProposeE conatructionlrenovation in accordance to plane and speci�catiana to ha completetl in a workman-like 'i man�er_ I I _28. Seller is paying paR or all ot tlosing costs. I x T9. All companble eales are varifiad cloaed salea. i � x 90. There are no apecial contlitione or other requiremenb that would aflett matket value or Iuture marketability in I the Appraieal RepoR I _31. AMC fee was required in order to aCtept this apD�isal request I . I II I I I I � . I � II � � I . I � I .. . . __ . . . _ __ .. _ .. . _ �� i � � cik Na.12-0022 i � *"`""*""QUALIFICATIONS*'"`""'" ' i i Confidentialiry and Security Policy � � We consider privacy to be fundamental to our relatlonship with clienfs. We are committeA to mainGining the i confiden[iality,integriry and security of clients'personal Info�maUon. Internal policlea have bcen developed to protect i ihis conFlEentiality,while allowing client neetla to be served. � We restrict access to penonal infortnatlon to autho�ized indivitluals who need to knaw this information to comply with � Ifetlerol standards to protect your nonpublic pe�sonal in(ormatlon. We do not disdase thie informaUon about you or I any former conaumen or customen to anyane,exoept aa pertnitted py law. The law permib us to share this information with our aHiliates. The law alao permits us to share thia infomiaNOn with compaNes that pedortn li marketing. I When we share nonpublic infortnation referre0 to aDOVe,the InformaGOn is matle available for limited purposea and i under conV011ed circumsfances. We tequire third partlea to comply wiN our standarda for securiry and confientiality. We do not pertnit use of conaumer/cuatomer intormation for any other purpose nor do we permit third parties to rent, � se16 tratle or otherwiae ra�eaae or disdoae informaNOn to any other Darly. I Educatioo Aa of Ne date of this repart,I andlar Steven W.Barrett,SRPA,SRA,ASA have completad the requiremenb under tha continuing edutation progrem of the Appniaal InatlNta and Ne American Society o(Appraiaen. I I i I il I . � i � I I I I I • � I ' . _ . _ . _ .. _ ' " _ _____.. . ... ._... ._. . .. . . . .. . . I � . . . . � . , . 4�.F� �S'��if q�1�``��t � ; ,�y ° ti� r�ip`��ti�+ Y�V rf`'>�.A�Y" 4 i A i� � ' P r �e �� s°"1" :�t.3i $�,� i,�M1'.r.n� i � �j A/-- � �p e �-.: � ,y ' u� r • "µ='� 1 ��, �" a}J �"+pq r� ? �. -2i�,�•e��i��;Y i� � '�t�'�j��+ e��i��11 1d1��d'S t��,.�� . �� .' +�tn ��i� 1 �n�il A�k' 9 ��.r�Fd;, N�a1 i rL. ��} i�}4 � +'��v+�" ¢ �i�q��('Yi,a 1' Y� � �. � N' �`�1�f� � �� I�� ilf� '.�I� 7 � � 3�"'{ pa y f; j i4�Yi'E , F'�j -�.'� . .,q ,:r.:. �.a�'-.�'�+�'ri�. R� '� i,d �. '��.i ��d,a ' ��<< . ' K^,.i� fry, "''-"' 'A�w i t�:�""`' :.e�..-iM .-*A -Z`'�`:_`.•, ' � iL i . R +�r...� P .t``s` �°'G,. � ' �'.� - ., v.�y - „'.,r.a�� ... ;i. ',�y�`j,:'°,^9'c '.',.9;,,.�y'a,.- .,�� c�e�.� . ' _' �—r11y._'=-�� . - z. - ��'T� . . . . . n ,w,. rve.ca.._s ,n.,,r. =1n. �,..zs,.,':.'c 1 Js� _ �� _ "' .... . .__. . • � • • - • _ • ' ' • • • i � � � 5. 4�'�21RRETi REAL ESTATE ANO APPRAISAL �ICES L y� F�ieNO tz-ao2a I----- — --- --- — ------- Ii I i 03/091Y012 ' I � I Martaon Law 0t8ces � I Ten East High Slreet I Carllsle, PA 17077 I File Number: 14-00Y4 Dear Sir: In accordance with your request, I have appreised the real property at West Maln Straet Newville, PA 77241 The purpose of this appraisal is m develop an opinion of the market value of the suhject property, as impraved. The property rights appraised are the iee simple inteiest in the site and improvements. In my opinion, ihe market value of ihe property as ol February 10, 2012 is: 5270,000 7wo Hundred Seventy Thouaand Dollara The attached report contains the descriplion, analysis and supporlive dala lor the conclusions, final opinion of value, descriptive photographs, limiting condilions and appropriate certifications. I Reapectfully submittatl, , I . s� 3 �- Steven W. Barratt, SRPA, SRA, ASA PA Certlfied Genaral Real Estate Appraiser i � I I I I I I i J S. W. Barrell Real Estate 8 Apprai5al Servicas ' ' LAND APPRAISAL REPORT F��P��. �2-oo2a TAe puipose ol ihis summery aOP�aisal ieparl is lo p e i�e IenJeiRlienl wilh an a�wiale anE adequalely sup _ oDimm� ol lhe murkel value ol lhe suE�en piopeily. Ciope�ryA�ldress'. W08t Main $�feSt •Ciry:Nawvllle s�atc PA Zip�.17241 Banower. Kenneth E. 8 J. Eafl KOUCaH owne�olaublicaecoie�. Kough Kenneth E tounry�. Cumberland tegai0esnioiion: Deed Book 178 Pa a 471' Tax 10 # 27•]0•1I52-002 nssessor'saaiaeln�, $'/.p0•7752•003 Taxvear 10•71 aE Taxes: 1 181.00 ueiqhbo�hooaName- NBWVIIIe Borough UaoReieien<e' 20-7752 censusiran: 0210.00 Speuainseessmenis: Non6 PUD �Ves � Na HOA:S Q.QQ O C¢rYPa� � �e�MOntA Pioperty 9ipMS App�mseU. O Foe SimDle �LeeseAOltl � Olhn(tlesuibe) Assiqnmenl iype'. �Purthase T�ansa�lmn �Relinance tiensaclian Q ome��desuiEe) V LenEe�IClienl: AtlJiess'. T I O Eid O Citl no� anelyze�he ronVaallm sale loi�he subjen pwahese transeclion Explain ihe iesulls olihe anatysis ol ihe conVanloi sale o�w�y��e analyvs was nolpedmmetl. I f ComenciiceS: NIA Oa�eoiGOnheu'. N/A Isihepiopeirysellei�AeowneialpuElicreoard? Yes Na DateSawae(5) Ist�ereanyLnan<ielassislen<eQoan<harges.salecanrossions,B��oiAOwnpeymenlessislmoe.elcJioOePaidEyenypetlyanbe�ellaltAebonawei? ❑Yes No IIYes,iepaitlheloialdollaiemounlenEdestnbeiAen¢msloEeOaiE. 5 NIA Nme Rate enA Ihe ncial cam asilian ol lhe nei Aboihaad ero nal a iaisal I�clou. NeiQhborhootlChemt�eils�ios One�UnilMOUSingTienES One-0mlHOUSing PreseniL�ndUSeN Lo<elion U�ben X SubueEen Rmel Pio en V+lues Inaeesm J� SieEle Oeolinin VqIGE AGE One�Unit Bd X Buil4u Ovei]5% X 25�15M Untler 25N Oemmdl5u I sharla e % in 0elentt Ovm Su S 000 is ]�a Unil 5 ri Giow�A Re iE % Smble Slow Madeiin time Untler3m��s X 3�6m��f Over6mlAa 50 Low 0 Mulli�Femil S °h Nei hCO�hoodeounEenes�. Newvl119 BO�OU h and eu�rou�dlrl tOwnehl e 500 Ni h 100 Commemi�l S % 150 v�ee. 30 ome� Indust. 1 x Gaae Avei. Faii Vaai Gaaa Avec Fair Poo� ConvenienoetaEm lo mem X Pia en Com alebilit X Convenience�a S�a m R GeneulA ee�ente o1Gm enies X ConvenienaetaPrimei Edu<alion X AJe uec a1Pab�elFneVmle<lion X LanvenientemFeveelionalFacililies % Piatectianhom0elrimenlelCOndilians X Em lo meni5lebili 7� Over+IlA eelloMerMel X N<i nbo�noodoesni uan: There are no advarsa faeto�e to affect marketabllit of Me aub eet. Dlversa stahle em lo ment and all au ortin amenitles are within eas drivin distanee. MSA 3240 Muke�LOndilions incivain s� oiilo�iheebove<ondusians: Pro ert valuea eurrentl are etabla. Avera a marketin tlme tor a ro arl sueh ae t�e eub sct would Oe al: monthe to two ears. Economic trende and lendin rales heve remainetl favorabls. Salae eonceaafons are occurin m ore fre uentl • hawevar there le no known revelan�e of unusual seller finaneln concesalone or bu downs. oimznsiom: See LeAal Deaerlption nu.: 18 X nares sq.ci. snape: Irragulsr vrtw: O sn countr ZomngCless�fi<eimn: IpAupt�lal zo��naoes<npron: IndustNal menu/aeturin commarelaluaea � 2oningCamplience' X legei LegalNOnconlarmmg(GmntliatAeietlUSe) Na2aninB IIIeA�I(descripe) NIA Usespeimll�ed untleiamrenlzoning ieguleiians: S!9 ZOl1111 ordlnanee In the addsnda of thls a raiaal. H�qnens ees�use�. See Attaehed Addendum Desonbe eny Imo�ovemenis: O Id9/ be�n' ave0 aeeeaa ebova r2d0 etroleum / oll tank! OaD�esenilmpiavementsconioimmzaninq9 Xves No Naimp�avemems iiHa,e�pl�in: NotontNbutlonvalusatldadforexietin Im rovemenla Piesenluseofsub�eUSile ThB eurrsnt uae le p0f�111ttBC by flghL CunentmpioposeCgioundienR Yes R No IIYes,f N/A - rapoy�ao�v� Level to rollin - s�xe: Lar e for Borou h Of Newvllle ominegr. A eare aAe uate Comeilol: X Yes No undvB�aunAU�ili�ies' ves X No Fenced: X Yes No Ilves.rype�. SOme thaln Ilnk Special FIOOG Hezeid AiPe � Yes O Na FEMA Flaotl 2ane: FEMR MeD X: FEMA Mep Oele: UTILIiIES Pubbc Ot�ei PmvideiaDesui Imn OI65ilelm iovemenls T el0esai lian Vublic ��hei � eieam�u X Publie PPL SbeelSmlece Macadam X Ges None soee�i ennituence Munlel al/Nautral waiei X Avallable to be exfandetl to site CurblGUllei None samie� sewe� X Available lo he extended to alla s�aeweiw None Ol�er S�reeiLi ��s NOne mne� ane None Aieiheuuliliesentlol6sileimpiovemenl5typiaelloilAemaik¢�? 7( Yes Na IINO.AesariEe'. Arel�ereenyaEVersesitecandiUansorexlemallealon(easemenis,enomac�menls,enenonmenlelconEpions,lantlusas,em.)? Yes X Ne I�Yes,tlescribe: TAere ara no a arant ativeraa eaeements or encroachmanta. Si�eCOmmen�s�. There are no a aront adverae eaeemenb eneroaehmente or othar adverae eondltione. SIN eurrentl In uaed as a etroleum stora e com lex no vinible ai ns of an environmantal hazarde. :� o,ea...a., 9.��,a��....v�o�.�w��,....��,e.em �. . ��mo�� ADDENDUM Borrower: Kenneth E.8 J. Ead KOUGH ��- e No.: 12-0024 Property Address: West Main Sireel Case No.: Ciry: Newville State: PA Zip: 17241 Lender: Martson Law Offices Highest& Best Use The subject property as currently improved, as industrial. This type of use is permitted within the existing zoning regulations and therefore meets highest and best use requirements "as improved". Addendum Page 1 of 1 S. W. 8arratt Real Estata 8 Appraisal Sarvices ' � LAND APPRAISAL REPORT Fiie�+n �2-0034 TM1ere aie 0 cam emble siles auuen0 ofleied lai sal`��T ¢sub<cl nei �bo�M1aaJ ian in m uce ham 3 0 m 5 0 T�em are 1 rom aiable siles soltl in ihe esl 11 months in ihe sub eal nei �OmM1OOE ian in m sale i¢e hom f 90 000 io S 170 000 FERiURE SUBJECT COMGAPRB�ESALEN0.1 COMPAPPBLESALENO.t COMGARABLESALE N0.3 naaress West Maln Street East Maln Street R Fayette Street 220 M111 Slreet cn isuzi Newvllle Went PennaEOro Tw . Shl ensbur 7w . South Middleton Tw . vmx�mn msueen 0.18 mlles ENE t0.6B milea SW 12.09 mllea ESE oara sourae s �na eetion Courihouae Reeorde Courthouse Reeorde Courthouse Reaorde vri�rcanonsau�ces Courthouse Courihouse Courthouse Courthouse 5ale viice S NIA S 1�0 000 S 785 600 E 90 000 PuceiAere 3 0.00 S 18 497.18 S 20 000.00 f 70 975.81 D��eaisale MoloAna NIA 1II2010 BII011 712010 � oa son Maike� Nona not fof sale Unknown 0 Unknown 0 Unknown 0 cmen<'�n t e N/A Unknown 0 Unknown 0 Unknown 0 eoncessions NIA NIA 0 NIA 0 N/A 0 Lacaiian 3uburban Suburban 0 Su erlor •10Ye -2 000 Subur6an 0 vm en ai A19A ra�see Fee Sim Is Fea Sim le 0 Fee Sim le 0 Fee Sim le 0 suesixe Aerea 18 7.03 0 8.28 0 8.20 0 View O an eountr Reeltll0 Cnir 0 Induetfiel 0 CommlO Cntr 0 ra o i. n Leveilrollin Level/rollin 0 level/rollin 0 Levellrollln 0 AveilebleUltlifms Publicnotextend Slmilar 0 Simllar 0 Publio •70°b -1098 SueetFronla e 62I 950.04 -YO% •3 898 None +205L 4 000 80 mll •20X 2 195 5iieeit e Muniel el MunlCl el 0 Muniel el 0 Muniel al 0 Weleiinlmenca Pond None 0 None 0 Nons 0 cencin Cheln Link Nona 0 None 0 None 0 Im �avemems None Conlributln Nona 0 None 0 Nona 0 Zonin Indust�lal Commercial 0 Manufacturin 0 Vllla e +10% 1 OBB Motivatlon•20Y. -4000 NeiAe ustment reui in S X � S 3 898 X - S 2 000 X f 2 193 AUrysledseles0��ceol�he NeiAdj• •10.0% Ne�Aa�• •10.0% NelAtll• 20.0% Com eiebte5ales inS GmvAd'. ]O.ON S U 794 GmssAe'. 50.0% f 78 000 GmssAe'. d0.0% s 13 789 T�e PpP�o�se�hes�eseart�eE IM1e Venslei hislary al��e auCle<I piopeiry lor I�e O�si 3 yeers end Ihe lisling�istory ol�he subjeol im ihe pesl 31 moNhs piioi lo I�e e�leclive dale ol lhis epp�anel. TAe ep0�eiser�es alsa mseemAeU TAe banslei antl listing Aislory aiNe oampereble seles Im I�e pes�12 man��v Theepp�eiseisroseeroA ❑a�a � tlidnal revee�enypnoisalesoiironsteisoltAesubjeupioperlyloifhelNeeyeeis0�ioilo�heellecliveJebalt�e�ppuisel. Oe1e Sawces: TneeOP�eiseismsee¢n did EiEnat revealenyp�ioiselesmhensleisall�ecompuaElesaleslortAeyeeiprioriol�edeleolseleoll�e<ampaieblesele. Orte Somaes: Theeppieiseisieseuo� tliE EiEna� ievealenypeiailis�ingsa�ihesubjeapmperlymoompuaEleseleslorl�tyeerpum�o�heelteniveCeleo�theeppraisel. Do��Sauaes: Lis�inBRmnsierHistary Tianslerl5ele(ONLY)ol�Ae LrslinBendiransl<ihistmyal LislinganETiensle��isroryol lislingenETenslerhisloryof Sub�ect in pes136 maN�s: Comp 1 in past 12 manl�m ComD��pa5131 momhs: CamO 1 in Desl lt manl�r. (ilmore i�an twa,use commenls S 0 S 0 S 0 S sec�iono�anadaeneum.) S 0 S 0 S 0 S 703000 itl1B91 SubeclPio e❑ Istmienil Lis�eEFOisele+ ves No OeuSam<e: Pro e1� Ownef Cunen�LivingHistmy LislDem tisiPriae DasanMeMel DateSOUrce NA s N/A None Pro ert Ownar Sub'enPro ei M1esbeenlineEwilhinlM1eles�ItMOntAS? Yes X No �eu5om<c Pi0 Bff OWOB! 11 Monih lis�ing Hisloiy Lisl Dele lis�Price Oaye on M�del Dala Source NIA s N/A Nona Pro ert Owne� _ Lommen�sonPiimSeiesRmnsleisanECmien�enEGim�Lislin s: NO further reeent �BCO(d9d 116�Il1 altrana/era wera found. summer o��Ae SelesCOm a��son a ioach�. Three com arable land salan were anel ead. Before atl uatm enta a value ran e of 510 B75 to E20 000 waa indicated atter ad ustmenta a value ran a ot 511189 to f�8 000 was detarminad with a mean valus Indleator of S1 S 7YY• E ual wel ht wan a Ilad lo all tom arablea. Choeen value Indicator er aere S15 000. Therefora 18 acres timea 15 000 e uala 270 000. No other ad ustm ants were re ulred. All com arablee ere cloaetl traneactlons as o/the valuatlon date. Tha aelectetl m arkat com arablee ere considered a ro riata value intll�atore tor com arison ur oeae. No value wa6 Iven to site Im rovementa er cllenta re ueet. Recon<ilieiion Comments'. The Dlreet Salea Cam erleon A roaeh wae utllizln to arrive at a final value eonelusion for the sub eet ro ert . Ths Coet and Incom e A roachea were not utllizetl. Final value conclualon for the nub eet ro ert la 5270 000. ihisa �eiviismetle X 'esis',ar suE'eum��elailawm oonEUionsmins e<iionr Pro er� he6 been a �alb0d In ita "AS IS" atate wlth no aCditlonal conditlonn conaitlere0. eu.a en.mm o�.�.m.u.i m.p.c�wn otm..uepm.u..�a mo..im orev.m.��.upen..ia.u..e.nn.a.cao.a�wo.w..u�.m.n�oru�um o�ien.�na um wnq conmuon.,.na.vor.i..r�c.nmc.uon,mY(ouq aoinian etm.rx.�v.m...e a.nn.e.orm.n.�orop.nv�nn i.m..uel.moimia npon i.: o mmno�rn.�w��v.m.:a 270 000 ..o�� 02H0/2072 wmm��.m.a.�.ouna .onen.nem.nr.cnv.a.�.onni+. r.i.�i. o,ea�..a...a. op:o:'ioi:� ,n....��..e.e. �. _ zoe:o�o S.W. Barrelt Reel Eslata & Appralsal Services S. W. 9arrett Real Estate 8 Appraisal $ervices � � LANDAPPRAISALREPORT Fieua. l2•0024 IeiM1eEevelopeilbmldeimconliololiheHOmeowners'ASSoaielmn(HOA)? ❑Yes ❑ No ' Uniirype(s): ❑ De�aaheJ ❑ anacnea ProviOe Ihe lollowing inlaimaimn lai�UOS ONLY d Ihe Eevelopetlbmltlei is in conbololtAe HOA and�he sublenpio0e��y is an altached dw¢Ilrng uml. �egel Name a1 Gralect'. Tolal num ber ol phases: To�al num bei ei onils. Taial nnmbei ot uni�s soltl: To�alnumberolunnsienhE', To�alnumbeialum�slorvale. Daiasouae�s)' WaslhepioleuueaietlEy�he�onversionoleeislrngbmlding(s)in�oaFUO� ❑Y?s No ilves,tla�eatconveision: Daesihepioieucomarnanymulti�tlwellingun�is+ ❑ Yes ❑ No DaiaSOUrre A�eiheumts,commonelemen�s.anareueaimnlanlitiesaonple�e) ❑Yns � No ilNO,descnpethes�awsol�ompleiian. Oesuibe common elemenis an�ie<realional laulnies: This�e0oil lorm is de5igneE b iepan en ap0�eisal al a partel ol land wh¢h m ey heve sam e m inm im0�ovemenl5 but o nol aans�tleieE to be an'im pmveJ sile'.All im piovements aie wnsidered to Oe ol rele0vety mmor velue impecl on�he oveiell vaiue al�he sile.i��s repatl larm is no�Designea Io iepon on an'im DroveE sile'wheie signili<em velue is Eerived bam�he impmvem enls. This eppnisel ropail lorm mey be used Im single lamily,mulli-lamily siles anE may be inclv�etl wilhm e PUO tlevelopmen�. This eppuiael iepan is suDle��io��e lollowmq scape olwod,inlended us4 m�enJeE usei,delinition al m�det velue,slelemem ol essumptians anJ limiting condiuons enE oetlilioal�ons. MoJiliuhons,aJCilions,ar Eelelians lo the inlenAeE use,iniendeJ user,Celinilion al meiMel value,oi assum0��ons and limiunq�ondilions e�e nal peimitteC.TAe eppmisai mey eapenC��e s<o0e ol work io in<IUtle+ny�EDnionel ieseuah or enalysis necessery baseJ on�he<ommplerily ol l�is eppmisal essignmenl.!A aCdicelions or deleuons ia lhe renriiuiions aie elso nm perm i1teE.However,adCition�l�ertilitalions ihe�do nai<onstilme m atenal allemlians lo Ihis appraisel repon,such es i�ose iequveE by lew oi mose ielaied�a me av0�eisers<omimm�g etluu�ion ar memheiship in en appnisaloigen¢e�ion,e�e permnled. s[oveofwonK: T�estaDeolwmMloilhisappieiselistldineJEylheaomplev�lyal�hiseppieisalassB�memanE�Aeieporlingro0uiiemenlsallAisappuiselmpaillaim,includingt�e lollawing Eelim�mn ol mmkel velue,sle(emenl al assumplions and lim iting<onEilians enA certili[el�ans.TAe ap0�eisei m usl,el a m inim um;(1)pedoim e aomplele visuel inspeatinn ol lhe subjec� sile and any limned impiovemems,(I)mspeu Ihe neighEoehooE,(3)ins0«l each o�lAe oompmable seles Irom al leesl the sueeL�/)reseeiaA,velity en0 enaly[e dele Irom relie0le public en0loi pnvale sourtes,entl(5J iepon his oi hm anelysu,opinions and aancluvans in iAis epOmrs�l ieporL INTENDED USE: Th!I�IPlIElC YSC OI IIIP Bpp�eISGI I¢p011151011hG IBlltllll[IIPIIIIO¢VdIY�IP 111!pf00ltly Ihl141h!SYEj¢f10I1hi5 eppuisal loi a moilgeBe M1�ance Innseclian. IHiEN0EDU8ER: ThlinlpnAeduserollhisreparlis@elenCeilclienliEenliliedwilhin�heeppienelmporl. OEFINITION OF M�NI(ET VhLUE: Th!IIIOSIpIOEGEIe pf¢P wAl[A G piopeny shoulE bnng in e campeUlive an0 open mukel unEerell�onEOions requisile�a a lai�sale,ihe e�y��a�e sellei e�oh eUinB OmEenlly end knowledBeaEly,enA assuming ihe pnce is nmalle<ieE by unEUe stimulus.lmplici�in ihisaefin�lion is�he cansummaimn ola sale u ala spe<ilieE dale enA ihe passing ol ltlle bom sellei lo buyei unEei aontlilions whemEy.(1)Euyei enE seller me lypically maiiveleEl(2)bol�OeOies are well inlaimed or well edviseE,antl eeah a<Imp in w�ellM1ey consrtler I�eir own Cev mteresp(�)a reuanable lime is alloweE foi evDasure in��e open m erkel;(0�peymenl is mede in leims al ush in Uniletl Sleles Eollers oi in ieems al linanoial anangem ems com O��aEle ihereto;anE(5)I�e piice repiesenis Ihe na�m�l�onsiEeu�inn toi Ihe D�oeeity solE unel�eaetl Dy speual oi oiealne linanunp ar seles<ancessions•gnnie0 Cy anyone�sso<irtetl wii� IAe sele(SOUrce-.00C.OTS.fFS,d FDIC Ivinl iegulationa OublisheE Jvne 1,1990) 'Atlluslmenis lo�he aampeiebles m ust be maCe loi speciel ai uealive[maessions.No edNSlmenls aie neaevary lar Ihose oasis whioh ae norm ally p�iJ by selleis as e resull af Iradilian ai law m a maikel aree:lhese cosls ere�eadily iEemihaEle sinoe the seliei peys Ihese casls m vinu�lly alisales bans�nione.5peaial o�neative linencinp edjuslmenls een be mede lo Ihe oompeieble piopeny by cam par�sons lo linenoing te�ms olleietl by a thiiE paity insuwiional IenEei�h�t is no�abeedy Involved m�he propmry ar hensealian.Any eJ�us�m enl shoultl nol be<alculeleE on e mec�ani<el Calle�Im Ealler cos�al t�e linenoing or canoession bul @e dollai am oun�ol any edlus�menl shoulE eppmxima�e i�e m eiMe1T reenion m�he hnencinp m wncessions basetl on i�e appuisers IuOgmem. ST�lEMENTOF/�SSUMOTIONB�NOLINITIN6CONOITIONS: ih¢eppmisa'scetlilicauoninl�isiepoilissupjeci�oi�elollowinqassumphansenElimilingconEinans: 1 Thea00uiseiwillneiberespansiplelormeVeisa�elegelneWrelha�ellecttAesubjeupiopenyheinAappieiseCOrlhelilleloi�,excepllminlormalianlhelheorshe , became ewue olCming the ieseerch involveJ in pedmming I�is aDP�eisal,ihe epp�ersei essumes IheltAe�ille is pmE anE mukelaEle enE witlnol rende�anyapinians eEOUI lhe I�IIe 1. The apP�eisei hes eKamineE i�e eve��able IImE maps ihaure provided Ayt�e FetlaelEmer9en<y MenaqememPgenry(oralher Can samaes)anE M1as noleA in�his appiaisal�epor�whe�Aer eny po�iion ol�he subjeal sile is IocaleG in an iEenitlietl Spec�el FIOOJ Haia�E Aiee.Because IM1!aDV�aisl�is nol e swveyor,�e oi sM1e mekes no gueiemees,e�prese oi implled,reparding IM1is Ee�erminalion. 3. TAe eppmisei wJlna�give leslimony m appear m courlbecause�e ors�e made an appieisalollhe piopeiry in yuestion un�ess specilic ananqemenis lo tlo so heve be¢n maCe CeloiehanE,oi u olM1mwise iepuireC�y law d. TM1eappreiseihesnoleEin0ise0pmiseliepatlanyaaveneconeliians�su�M1as��ep�es<naeol�eEertlauswestes,be¢subslmaes,elc)abserveAJVmgihe inspea�wn oiihe subjealpropeilyai I�el�e ai she beaeme aware olJUrinp Ihe msea«�invalvetl�n peiloiming this appmisel.Unbss oiheiwise sieletl m IMS appieisel �epotl tAe appieism Aes no knowhEge a�any hiEEen oi unappeient pM1yslul tlehcienues a�ativerse conJilmns oI lAe suble��O�aPmry(su<h as,Eut nol lim iretl lo. nee0ed repu�s,deleriorelian,IAe p�esen<e ol�ezertlous wasles,lovrt suESlance9,adverse enviionm ent�l conEilions,ela.�Ihal woultl make tAe piopeily less valuable. and bes assumetl�hai�here aie no such conCilions end m aNes na guaien�ees a�wananlms expmst oi rmplieE.ihe ap0�eiser will no�Oe ms0onsiEle lor any w�� ondiuons�hal do eeisi er lai��e engineering ar lesling IAe�mighl Ce reyuiieE lo discaver w�eiher such<ondinon erisL Be<ause Ihe eppieuei is nol an expeil in�M1e IieIJ ol envuonmenlel hazerCS,i�is eOD�eisel musl nal be aansitlereE as an enanonmen�al assessm em ol ihe prope�ry •OVR�ISER'SLERTIGICIITION: TM1¢ApOfdiS!![etlilleSanJBg�¢¢91�81' t i�ave,eiemmimum,tlevelapeEanEiepo��ediM1isappiaiselmauoiaencewl�hi�es<opealwarkiepuhemen�snatetlin�M1rsepP��isaleepatl. x. i pe�Po�metl e aamplert visual mspeuion alihe sub�eU site and any limiletl imomvemems.l have iepaned Ihe inlo�melion in laeival ana spe<ilic leims.l�Eemilietl and ieponetl Ihe delinenues ol ihe suble<I sile thel could allecl Ihe ulibry at Ihe sne anE II5 uselulness ei e bwltling l0l(5). 3 I pedormeU��rs ap0�aisalin aaorEence wilh Ihe iequiremenis ai�he Uniloim SlendmOS oiFiolessianelAppmisaiPnu¢e�he�weie adapie�enC pmmulgued Ey I�e nppuisal SlenEertls Baaid alihe AOP�elsalioontlation enE ihaiwe�e in plece ei iAe ume ihis appiarsel ieponwes O�epared. 4 I developeE my opimon oi IM1e m eiNe�value ol ihe ieal piopeny ihat is ihe sub�eu al this iepon hased on Ihe sales com perison a00�oaah la velue.I neve adeqoa�e aompuaEle maiketdam ta develop e i¢liabl¢seles compenson approach lai ihis aDP�arsal�ss�gnmeni.11wthei�enily ihelloonsideietl I�e cosl anE inoome aDD�aaches io value bu1EiE no�Geve�op�hem unless inE¢eled elsewM1eie wihiin IM1is iepon es�Aeie are na arvery limiied impiovemems anE ihese appmaches to value aie nai �eemeE necessary bi credihle iesuli anCla�reliable inErtelars alvelue loi tAn epp�aisel assignmen� 5. iieseartheE.veulieE,enalyzeC,enAreparleEOnanycvuemagieementlarsalelori�esuEjeapra0e�q.anyollerm9loiseleo�Ihesub�eupmpenyin�M1e�welvemonlhs pnor ta�Ae ellecuve Eale of ihis appraisel,enJ�he pimr sales ai I�e subjed piopeny lai�m mim um ol thiee yeeis pum to��e elleuive Daie al ihis appmivl,unless oiherw�se inEiwleA m�his report fi. I ieseerc�eE.verdieE,enelyietl,anC ie0o��eJ an ihe pnoi sales of IAe<ompemEle seles lar e minimum olone yeei prw�io�ne dae ollhe sale ollne tompa�a�le sale, unless olhe�wise inEi<aleE in IAis iepoit 1. 1 seletleE enE used aampveble seles tAei aie louiianelly,physrtelly,anE luncuanelly the mos�simile��o�he suElen P�openy. e. I heve not usetl wm pereE�e sales Ihal weie t�e resull al oambming m ulliple ttansaUiens ima reponetl sales 9. I Fave ieponeC aElus�menl5lo t�e aompmable vle5lhali¢IIlc11M1e meiMePS maclion to the tlJleiences Gelween t�e supl¢<Ip(ope�ly anC IM1e compemEle sai<5. 10. I have veYifiee,Oom a disintemsletl somae.all Inlo�meuon in ihrs iepai�IAaI was O�ovided py panies who M1eve a hnanual mteiest m I�e sale oi Lnanung al the subjeU piopetly. 11. I have knowletlge anE erpenen�e in ap0�eismg iAis lype of propeny in�Ais maikeiaiea lZ I am awme ol.anA heve aaaess io,I�e ne�essa�y anA apDiapnate puEl¢ana pnva�e data sou«es,such as mulu0le hsling seivi�es,tar assessmem ierorES,pub�ic land �eco�ds end oihei sucn Eeia saumes lor��e aiea m wh¢�ine pioperp rs lauietl. �„a...o��:.o.v ae�. �n...�.�,.eea. "e"nu��on ,. soe�me 5. W. Barrett Real Estate 8 Appraisal Sarvices ' LAND APPRAISAL REPORT c�euo +Z-aoz� 1]. I ob�aineE ihe mloimation,esUmeaies,anE opmions lumish¢tl by o�hei panies nnE exP�esseE in this apP�eisalieponlmm ielieEh sources�hal l believeE m be bue antl �mien. lE. i have IaNen inta oonsideia�ion t�e laa�ms Ihel�ave an impanon velue with iespeq�o IM1e subleq neighboihooE,suble<I proDeily,and I�e proximiry ol�Ae subje�i O�oOeily to aJVeise mlluences m@e developm em al my opimon ol mnke�value.i have no�etl in�his appimsal i¢porl any aJVerse<anEilwns(ma�as,bul not lim netl io,needea iepaus,de�euoralian.Ihe piesen<e al haeaidous was�es,mxia subslences.adve�se envnonm enlal aontlmans,ela.)ohserveE dvm9 IAe inspeciion ol lhe sub�eu D�opetly ai IM1aI l heaame awa�e altlunng 1�¢resea�ah invalveE in perloimmg ihis a00�aisal.lheve aonsiCeietl Ihese aaveae contlilions in my analysis olipe piopeiryvalue,antl M1eve ieporied on ihe ellenol�he<ontlilions an ihe value and mertetabiply ol Ihe sub�eU piopeny 15. I have nol Nnow ingly wuh�elC any z�gmh�enl�nlmm aiion hom Ihis a p0iaisel�epen and,m ihe besi ol my Mnowletlge,all s�a�em enls enC inloim ation in�Ais aDV�aisel �eparlare ime and am�ecl. lfi. is�ateEmi�isappiaisalie0orimyownpeisonal.unpia5e0.andpiolessmnelanely5is.apinions,anC<onclusmns,wh¢haresubleUanty�oiheessumplionsandlimiting conEilions in IAis appra�sel iepotl. 1T. I�ave no p�eeenl or pros0ev�ive inieiesl in�he prapeny i�el is iM1e suEjeci of ihis iepa�t enE I M1ave na p�esent a�piaspeclive personal intems�ar bms wilA respeal�o Ihe paiuupems m I�e vensaauon.I CiE not bese,enAe�penially m aom ple�ely,my analysis andlar aP��an ol mai4el value m Ihis appiau�i iepmi on ihe ma0.tolm,rebgion. se�,ape,m�rnal stems,hendi<ap,lemtliel staws,ai nahonel mlgin al eiUe�tAe piospecirve awnms m oaoupams al�he sub�eat piapmly or ol the piesent owners a� oacupeNS o�I�e o�eperlies m the vinnny al the sub�ect propetly or an any olner basis pmhibned by law. 1B. MyemploymenlanElorcom0enselionloi0��a�minglhiseppmiseloranylwwemantiupeteEeppmisetswesnolwndioonetlonanyaB�eemeniorunEersanEinp. wiillen ar olhe�wisa ihei I woulU m0otl(o�piesenl enelysis supPOrting)a pmtlelerm metl s0e�ili�velue,a pieaelmm med minim um value,a range ar diieclian in value, a velue Ihel fevau Ihe<ause ol eny Oaily,or�Ae auainm ent ol e spe�itic rosull or ottunen<e ol a speci�ic suESeyueN event(sucA es e00��vei ol a pending mmtAape laen e001iu�ion 19 1 peisanelly prepueE ell aonclusians and apinions a0ow ihe ieel eslele Ihel weie set fon�m��is appieisel ie0arl.Ii i re�ieE on siqni�icenl reat Oroperly appnisal assisunoe Iram any indrvi0ue15 in I�e perloim ance aI lAis appreivl oi t�e preDemnon ol lhis appuisal�epoil,I heve nemeE su[h indiviCUai�e)end Eisclosetl�Ae speaili�bsks OetluimeE in i�is aOP�aisel re0o��Icertitythaleny indrvidu�l sa nameC isqualdied to pedoim Ihe usNS.��eve no��ulAOiiieE enyane �o m ake e ahan8e lo eny ilem in Ihis apP�msai repmP.Ihere�ore,any ohenge maEe lo @is appnisel is uneul�aiizeC anE 1 will��Me no iespansibiliry tor i�. i0. I IGenlifieE Ihe IenEerlclienl in Ihis eppreisel re0orl w�o is Ihe intliviCUd,oipemieuan,or egent lar Ihe mpeniislion i�e�o�Eemd anU will ie[eiveE i�is eppnisel eepo��. 31. Thelended<IiemmaydisolaeeoidisblbulelhiseppieisaliePa��a'��heborroweqanoihmlenEmetlhe�equeilallAeLOnowm;l�emoetge9eeoiibsuaessa�sentl assipnr,ma�tpape insmem',Qavemmeni s0onsoieE emerpmes:olher setandery m�Me�puuaipanls;Eal�colleolion m repor�ing seiv¢es;O�olessionel epprusel orgenmetions;any d<penmenq epen<y,o�inslrumeNeliry ol��e UniieE Slatef',anE eny slale,�he Disbicl al Colum bi�,a�alher Iunstliolions',wi�Aaul h�vinq m obtain�he eppieiseYS oi eupeivisory aDO�siser's(il eppliaable)consent SuaA<onsent musl Ee ableined beloie Ihis epP�aisal mpoit m ey Ee disclaseE ar dishiEoleE to any oihu pany(indutlinq,Eul na1 lim ileU lo,�he pu0lic�Aioug�etivenisinB.Oublic relwons.news,seles.ar al�ei m edi��. A2 I�m awaie I�el any Eisclosure m EisbiEU�ion ol l�is eppnisal mparl by me oi the 1<nEeJOliem mey be subRa�lo cerl�in lewf�nd regul�lians.Fml�ei,1 em also SuUiect lo the pmvisions ol lhe Uniloem SI�nEertls o�Pmlessianel Appieis�i Piealiro t�el pm�ein to disclosme oi tlislnhu�ian Ey m e. 33. i�ebortoweLSnol�ailenEe�e�IhereQUefiali�ebonoweq�hemotlAegeeoiilssuoaesmisendeisiqn5,moi�geqeinsmen,gave�nmenls0onsa�etlenlerpiifes.anE oi�er seaanEUy meikei perticipenb mey mly on ihif aDp��is¢I ieporl es pmt ol eny mn�ipeBe linan<e hensealian I�al InvoNes any one o�moie oi i�ese pu�ies. 2<. Illhis ap0��is�l iepmiwes M1enfmipeE ss�n'ehtliania mcoid'conl�ininp my'elealmnia si9nelme',es ihose leims am Celined in ep0��ceEle letlmelentllar s�aU lewe (eMtluEmp autlio and viCeo iecoitlinBS),m a fecsim ile hensm iasion o�I�if appre�s�i iepatl conlaininA e aopy oi iepmsenlehon al my signalme,I�e eppieisel repoil shell be as elleclive,enlorceeble enJ velitl es ii e pa0<r veision oi Ihis appieisel repmt we�e delivemC oanleininp my oiiqinel��ntl wnVen signeWw. 25. Anyimenlionalaineplipenlmisre0�eseme�mn(s)aonlamedinihisaOD�aieelrepoi�meymsullinoivdliebililyenElmaimmelDe�elliesinaludin9,bulnollimiled�o,�ineor im prisonmenl oi bolh untlm Ihe piovisians al Ti�le 19,U nneE Sleles CoUe,Seclion 1001,e�sep..oi sim ilai sbte lews. $IIPERVI400.YGPYF�ISER'SCENTIi1GTION: ThGSUDlNi501YAppfB15lICUlib!lenEl91lPS�hG�'. 1. I Oiiec�ly superv�setl�he ep0�aisei loi Ihis eppmisei assqnment,heve�ead I�e app�eisel�eDOq anE egiee wilh Ihe aDOUiser's anelysis,a0imon5,slelemen�s, condusionf,anE the appieiseYS oai�ificeiian. 2. ia<ceplluilmsponsihilily loiihe oonlenis o11Ai5 GOP�OISdIIlp011i11CIYEI�p.EU��011iNillE IO,IhE Gpp1G15lIS lOGIYSi5.00��10115,51dIG10lOb.000t10510115.e1Id�A! eo0+isei's omti�i�enon. 3. TheepD�arseiiEen�ifieCinlhiseOV�alsslreDOnisenAeiesu��onlmUOroienemployeeall�esu0��soiyepP�aisei(arlM1eapP�eiseliiim),isquelilleElapedorm�his apprersel,enEisecupieEle�opedaimi�iseppieise�untlmlAeapp6aaGlestuelew. - a. This eppiaiviieponaamplies wil�I�e Unitorm S�enEa�tls olPialessional AOO�aisel Praotiae thelwue eCOD�ed snd pramulgeieE by the aoP�au�ISientle�tle Board ol The Appnisel FounEaiian entl ihel wme m plcce�i�M1e�ime i�is appmisnl mporl wes O�eOeieE. 5. Il lhis eppuis�l re0aetw�s innsmiueC as an'eleclwnio�e[mJ'comnninp my'eleoVOn¢signetwe',es��ose Imms ere delined m eppliuble IeEerel anEbr slale lews (¢Xf I�EIIIO i�tl10 GIIC ViAlO�lCOIAl11g3),01�IdGSiln II!VGn51ni55ip11 OI I�iS eppieisel iepotl aonuininq a copy m mpmeenbtian oi my signalure.I�e eppuisel reparl s�ell Ee es elleclne,enlartee�le anE valitl�s il�pepei veisian ol�Ais�ppieis�l mpoil weie EelrveieG cameininy my on9in�l�enA w�iuen sipnetuie. 11pOP1115EM SUVEFVilORY 1VVF�ISEN(ONLY IF REQUINEU) Signelwe �`� � ��~^� Signewre Neme Stsven W Barrott. SRPA, SRA. ASA r�ame eompenyueme 3. W. Berrott Real Eateb 3 Aoo�alaal Svice eomoenyrvame � eompa�yneeress 505 South Hanovar Street. eompanynda�ess Carliele PA 17013 TelepnaneNUmbei 717•243•8848 lelephaneNUmCe� EmailAdEiess SIlv8�6Wb81lBfLCORI EmeAAddress ❑artol5igne�uieenEPepoO 03I0812072 Oaieol5ignume Elle<tive Oele ol Rppieisel 0 2/7 012 0 7 2 S�eie ce�idme�ian n sia�eee�tn¢euonx GA000]BBL arsbielioenseM oi Slale lmense a Su�e o�ome�(ee:c�me� Sle�e N Expiielion Oeie ol Ceniliceiion ai l�aense Steie PA EapnuionDeleolCeniliceliana�li<ense 08�30/$013 SUBJECTFROPEFiV PA Certlfied General Rsal Eetats Appralaer o�anoimsoen:�e�e<ip�oP<<iy AD�RE55 OF PRO VERTY ApGHA ISE� OiE insDe��evleiiar ol subjecl properry Irom sbeel W B5� M 21n S�roet D��e ol Inspeclian Newvllle. PA 17441 � APPPAISEOVALUEOFSUBJECiPROPERTYf 270.000 LENDERICLIENT COMPFRABtE5ALE5 Name DiE nm inspeo�extenoi ol com peieble seles hom stmei eampenyrvame Meltson LeW OtflCe6 Did�nspenerteiioral<ampm�Cleseleshamsueel Camp�nyAEEnss 7en Eaat Hlph Street Oeleoflns0e��ion Carlisle PA 77013 Em eil Addmss ��v�..a...�o �ao�e:'ioi.»� �n".��,.<e�o,. u .oma.xma S.W. Barrelt Real Eetate 8 Appraisal Servicea . . . . . . . . . . � :, �- .,� • .: . ,. . t� ;� � . 4 �ra � �'',ia hF iMfiA� i � �� - . . :�" .. . �y�t�RFt,�"k`'` � � ,3 � -z I '� , _ - • • .,± ;!�f �S',,�'d} �-�n��;��¢ �> �' A� r�4��` i�� . .. � � �� l�1+y � 1 A r ! Y . '� 1 ! }� 11 ' '��. � � � � .l.�{�� Lj , ��,'?°� I i a��I� ! li.�?' �}� Y' ' Ys � ip. 1 . i� . 1 � 'J a� yj.,� � i ! �t%,�� I �� ' i M�. �� ( ��f��X �' ` ' -'4 y vi %t fI x 1 � r'+, i i �� i � ��ll,,y� :ri n3�.t'�-'1 I ��j�� ' : '� . J} .r:� �I'fi>$� +,�R�p`j,�vy�, �r.'• d� r �� . , g'':','� ;y"�1 ti�� h�7�w�� , ' ' .^W ..,q'.�s r.�:� . .. .i i:� - . 4.... +ir. .�—' • _. 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'::+i��wz�"""^`°'�:. ..... .� ... .. ,. . . - 1 . ,. �',� . . d 1 .+'A`ti.�� • t '.:'�;� £ M. w "� n 1'. . . . . .. , . •-'.µ�{�" � .i."�J"Z ! � .. . . ,��•, - • M•i.. �� i° � ` _ � F� � ! . r' i' w+ I �. „ � : � _'J�_.i �}. � �' • 1 � • ' J S r' �p� .f . ♦ • r7Jl4�.. Yi':3> i°n�"'��iU : '1 1�_ >t�i!�e1�t�� t,1��P�g,� !��- x , � �11 ia� � �i� 'y .p�R�}Y �q'fy � `�S � ° • 3 �* a)' : F'� � � .�(.;�d , �� , _ ��t � i�r tr ,. 4 s Ift}[�id ( n � ' . . +�!��:iti! � �� f _ s, rs I . ' `i:�� • � �,:. r , �;� .�: ', ��• b;4 „d .^l __��r . . ' . , 9.; I�I . . - T . � nfr� . : . ' ' . " . . . �_ o � �1dS n�� r.�m-2ai�s�-0oz TIIIS DECD ' MADE T}� ��dry of�PL in Ihe ydr o(our Lord one Ihounnd eiro hundred nfnelykur (1991). BE7WEEN CAltOI.YN H. KOUGH, Eaewtm of the Eat�te of WIILtAM W. KOUGH, of Nevrvill4 Cumberlud Cwnry.Penmylv�m+4 hveiiuRa refined to u: CnMw, u�d KPNNETH H. ICOUGFI ud ). 6ARL KOUGH, of Neorvilk, Cumberlud Cowrty, �Crv�ry�v�tll��ItttiMflG R(lREd l0 Y: �iIN�Gd� �TM{�1�$��+♦�N CORVdM�10110�0��.5�.��O��V 111�Ylld ptld.1�1E ' reeept xiwwf u hmeby ecknowledgad.the aiA G�urta don hareby yme u�d ca�vey m the edd Gnntea,lhdr hdn ud wiBn,n eQual tm�nU In commoq tM mdivided a�lhird intaot af dnntm in ud lo: "' ALL�Mse aruin lou ot ground�iNUed in the Bo�vuqh o[Nearvid4�+�'of Cumbrlui4 Stue of Pennrylvuo�bounded ud daaibed u folbwi,to wil: TRACE NO.I-BEGINNW6�t�paint in Ihe Shh Rod:tAeroe don4 Penn Stral, South Twenty-thrae(erconeoudy rafined to u Tfiirty-Wee in pmio�u dadi)ad TlvedPaurth�(37'h)dygrao EW Two Hundrod Sevrnty-rix(376)@e1 to�n dle�; the�a br eaid dby Swlb Sixty-�u ud O�fwnh (66Y1)deg�cs Wa!Four ' Hundrad Twentr(4NIJ foet la a point�t land iroa or formnl�o(W.1.$p�nglu; ihaKe by etmC Nmth Twenry-tMee and Ono-fwrth (17%.)d�Wat 7wo Hudred'Ifii(ry'Ifw(213)fie to�he Sute Ro�d:Ihmm by nid�oad North SeverAy- . fwr (71) degtea Fau Fwr Hundrtd Tw�my-hvo (131) fcd ta Ihe phce of HeOfNNMG. COM'AfNINO Two Aaea �nd Oiro Hund�ed Flly�hvo (I31) pereha. TRACT NO.I•AI.L thoae mtain Id��iw�lcd in Ihe Bo�ougA of Newn'lle nrid brina put af Stirviae Addition u�hown in Plm of Loh No.2 md raardad in Mm Book ,P�ga . Bemg Latn No�. 117.127, 137. I7; 177. 160. I I E.127, I38, 17), IJB, I61.I<l, IU, 141. 103. 1�6. 1�7 ud IIE. BEMO the aune prrnd�a whid�Elma E.Kwgh u�d Racbd S.Kwgl4 his vrif4 by thdr dad d��cd lu'ro 1), 1967 ud rewrded in�he ofliw of U�e Raoordar af Deedt in�M for Cumbalud Cwnry in Qxd Hook'N', Volume 20,P�ge 960, granted and wmeyed unto Williun W. Kwgh, Kmnkh E Kough u�d 1. Eerl e�� 1i.6 qN 471 � � Kaugh, The s�id Wil6un W. Kough Yuvina died Febiu�ry 16. 199�. Latae Taumrnury were duly gru�ted by the Regisier of WiA�ot Cum6erl�nd Counry, pcnnrylvmi�,u Fte No.21-94I49,to Cuolyn H.Kough.lhe Caenlor herdn. �Dlp�he uid Gnntor hereby wvwn��and �erea thu she will wurmt�paidy the propeny haeby wnveyed. M�SS�gpF.yid Gnnlor An Mrwnlo W har hu�d+od ud the J�y snd yur finl sbove wrium. SIGNFD.SHALED AND DELIVERED M 7ry8 PFESENCE OP �—� `��LLi��58AL) CeralynH!�Cough.P.x or Ihe E+lale of Williun W�Kough COMMONWEALTH OP PENNSYLVANIA ;:n. courrrv oF �'G�dnd On tM1i�,the �ihdsy of �U�' .1994.beFore me.the undaniQned oQiur.perwnelty — epp�CAµpLyN FL KOUG}(Pxaariur of iM E+uta o[WD.LIAM W.KOUGH,known�o me («utiefcetorily proven)ro be the pawR+whou mme i�wbscnbd to the wilhin instrument.s� �c wled8ed tlut ahe executed tha wne for the puryof�therdn ronmined. �: ;� ir,,, ° .:WITNHSS W}�REOF.1 herwnto eet my hand�nd ot6ciJ I. � �� 4 ' � (SEAL) `'�j:�rr^ . rwti4r �': °!n TNi1.JnrMm'r�^ . C�bbBOa E�'�� '�% ,'� . yP��eri qM.. �„�hereyy�rtily th�t the prcciu rwidenw end complan poat ot6w�ddra�of tAe within ,u�.f1Y1n1laif j3.,,. ily . �(.�P.-../�r, � /'�.7v � � � ``��----==�.=-. 5. ��o��,. e�c��«� 9oac 11G recF A72 . ' �- . � ' '. COFIIAONWBALTHOFPQJNSYLVANIA ) 1 � ):a �o��c�� ,.. � RECORD�on Ihia i'.�li dry of ��A.D.1�y in the Raordd�ORu of�ha�id CouMy in D«d Book I��.Valume— ,Pege �I�� , Givm u�a my lund end Ihe sal oFthe aaid olfi«,Uro date�bovn vrtittrn. %rJ��x� �s�-- � � 1 C =T 9 p O m�� yp� '��5�C�e � � � Q Am��' n1 y v�° rf fi �a C yy o a'� Q �'�' �.A�C �� om y v �y �� .� i°n.i � �...:1� � r '�Y .� � � .V� 4pA i � P� ��p} m �N � (� G?{ �� L� �ag �',�� a�� _ � a�y�k y �,�� 6 � � . �§g ��ss _ � , �:r.. , � �r � " � � � � � � �� ` �•' _ � . �, � � � � �� . . � �� 'ly'� � � � BOOS ;�6 PAI;f 473 f�� 0t6:�lC�9 � . � � ,.roe.,« � .ecawnuxaxr . . 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Clwi A�r�MM�M.Mfw M1.l.�ryrlr'CYw�J _ ❑ Y/Yaiw�eww�sW� y��w �.y r . ❑ Tm��lr ie Wwrie1 Dwk/^w+M+F� ❑ t..d..�.w+w+n-wm.I��•m�oaM+�.�•w^r•w�+�b ❑ TrwM bwr M��Mw�I�Md�M'd wMM�m�W^+�1.1u�1 MW M�S . ❑ w..b..#.ce+*a:�.-�eih.�M yww{Ix"J?sq,�nw.nu..Wte.�Y�.4r.wn m•�ed...i.c...r..w�.:«. �A�iyy J m.F+b�. ❑ RaiuM IrM�+^YM��FWr.I o m.rp.q M 4w�./tirry.p Mi N�.J.. .tiH N+�Yr . ❑ [ar�elw dr�µwd sM1�l�M prly d�M. . . ❑ �+�r ww�.mn..'d�nr..«e•'a 3dmn:�IMed.wr�1 arria«I. . ❑ ad..ln......ru...«y�w+d.m�.l.rt dx..�o xw�<6....t Udr Mr11W�l Mw 14/r�IAr I Mw�p�IW MM f1�+.rM.hMr�lry�a.n�a.�IA�wY�.�Jf�ilr4wN�n�rrlMM .r bYN,u b ww..«�.....I w�yti. ' ~ ��_EOOK �,IB PAGf 474 /1�/9�f� I ' (S[F 1lVQRfi� • . � * . . ,� � N a� z -� / � � f ��. �� • M ''� � �� j. y� � � l rj� '`�� .��.� •.� 'C ,r I�i,�( O(��'� ^,� � 1�. . 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G � � � � . •. - �� ...,• : �� • �� : ��i,�, •.• Newville Borough Zoning f,� � � � � N \�,..�, `'`- °'`�, Rl W�£ ' s � i', �? �, • �� . /!�• � �� North Newton �'� . �. ��'�� / �� ,�/ . � � � � � / , �-' ,�.' � , � � �--_ � , \ � �d�� . : , � �� : ', �� Rl ` . � '' �� ,«__ � . � � _ �_ _� ,� � ..� . " _ , � �� _ .�-_� � , ---- ` � .�,�'� ' .,�,! j, ' westPennsboro Y ,, ,, . �: . 0 0.05 0.1 0.75 0.2 025 Miles 1:4,000 p�.�,° O . TVDISC .n�M R _y,�, m..n..aw��r.n..,.wn.�e..r«.r�..s..�aY.o.�a.w�w.r.w�.n.�. w�.nun�w.«wr.�a.�.swp �errw�.w...'.�.roww..��.roeX.wy �w�+� v'w��MAM�4uryMMYNlM1rn1M� wnM YMa�pYwYMryve�Ml M1��y� ✓I�M�Pb��w.Nl�W��M�Wa�+M uM��TOYFnMniwl1F� j,M1110 vYp.V �M�YMfeur��1Y�ONY1Ytln�rMwl��n�rYwii�n/Yl�nwpW�� nrMM '�LTFN��4nnsn.Y{C �`�4 V�uorn��asp,�eivr.�.ww�r�e��.'a�4ncu�rwo.�e.M �. Pww�[wVmf I rYtl��t�F�walTYwM1�^^WL^NO`w�o'Yµrnb�r9KIMVwM�1 LVAfU W1nOMIM1eiYi.l1} �O�ru�YUV w�WNanN Wrb1w ptlw�b iww'0 MnqMYtinS< 1�wb�h I1��sf1.�1 � � p J Section 3.4 {I) Industrial District. 3.4.1 Characteristics. The purpose of these Districts is to identify and consolidate locations of industrially rela[ed land uses which, because of their shipping, storage and other requuements, exert special demands on the Borough. 3,4.2 Permitted Uses. In an (I) Industrial District, no building or premises shall be used and __ no building shall be erected which is arranged, intended or designed to be used in whole or in part for any purpose except those listed below, and all such uses shall be subject to Site Development Plan approval in accordance with Section 8.3 and those regulations specified elsewhere in This Ordinance. 3.4.2.1 Manufacturing, assembling,converting, altering, finishing, cleaning or any _ other processing, handling, or storage of products or products and materials involving the use of oil, gas or electricity for fuel; except for uses specifically prohibited in Section 3.4.4,hereof. 3.4.2.2 Research, design and development laboratories. 3.4.2.3 Railroads and public utility rights-of-way and structures as listed and regulated in Section 3.13.5, hereof. 3.4.2.4 Wholesaling, storing and wazehousing, including building contractors, farming supply and building material yazds. 3.4.2.5 Newspaper and printing establishments. 3.4.2.6 Bus and truck terminals. 3.4.3 Accessorv Uses. Accessory buildings, structures or uses subordinate and customazily incidental to and located on the same lot with any of the foregoing principal uses and that will not create a nuisance or hazard to life or property. 3.43.1 Dwellings only for use of bona fide cazetakers or watchmen and their families. 3.4.3.2 Signs. Subject to the procedural requirements of Section 5.5 entitled Supplementary Sign Regulations in all Districts. 3.4.4 Cohditional Uses. 3.4.4.1 Adult Businesses. Adult Book Stores, Entertainment Centers, Massage Parlors, Modeling Studios and similar activities, the following Special Design Criteria shall be applicable: 1. No more than five (5.0) percent of the lot may be covered by buildings or accessory buildings. 2. A buffer strip shall be provided which shall be not less than 100 feet in width encompassing the entue perimeter of the lot, which buffer strip shall be planted with evergreen, shrubs or other screening vegetation, provided that on the side of such lot fronting on the stceet, the buffer strips shall be - not closer than fifty(50) feet to the street. 3. A sing(e unlighted sign, not more than twentv sauaze feet in size shall 28 . � � be provided and shall face the street, set back not less than fifty (SO) fect from the right-of-way line of the street. Sign message shall be limited to verbal descriptions of material and services available on the premises. Sign messages shall not include any graphic or pictorial description of material or services available on the premises. 4. Pazking shall be provided for not less than one motor vehic]e per 200 squaze feet of building area. 5. Notwithstanding anything to the contrary herein, none of the foregoing businesses shall be permitted within: a. Five hundred feet of any residentially zoned district. b. One Thousand (1000) feet of any of the following uses: 1. Churches, monasteries, chapels, synagogues, convents, rectories, religious article or religious appazel stores. 2. Schools, public or private, and the adjacent play azeas or related spaces. 3. Public playgrounds, swimming pools, picnic areas, pazks, librazies and conservation or natural azeas. c. For the purposes of this section, spacing distances shall be measured from the outwazd boundary line of all residential zoning districts or from all property lines of any use in pazagraph "b° above. 6. No building shall be erected which shall be higher than twenty (20) feet when measuced from the ground level at the lowest point to che highest point on said building. 3.4.4.2 Auto Wrecking Yards(Junk Yards) only when screening is provided as in Section 33.8 3.4.5 Prohibited Uses. The following uses aze express►y prohibited in the(I) Industrial District. 3.4.5.1 Residences, except as set forth in Section 3.43.1 above. 3.4.5.2 All uses that do not meet the requirements of Section 4.6 entitled Performance Standazds. 3.4.53 Uses of a heavy industrial nature including: (1) Manufacturing uses involving primary production of the following products &om raw materials; asphalt, cement, charcoai and fuel briquettes. Chemicals: aniline dyes, arrunonia, cazbide, caustic soda, ccllulosc, chlorine, carbon black and bone black, cresnte, hydrogen and oxygen, industrial alcohol, nitrates (manufactured - and natural) of an explosive nature, potash, plastic materials and synthetic resins, pyroxylin, rayon yam and hydrochioric, nitric, 29 , � � phosphoric, picric and sulphuric acids. Coal, coke and taz products, including gas manufacturing; explosives; Fertilizers; gelatin, glue and animal size. Linoleum and oil cloth, matches, paint, varnishes and tutpentine. Rubber (natura) or synthetic); soaps, including fat rendering;stazch. (2) The following processes; nitrating of cotton or other materials, milling or processing of flour or grain; magnesium foundry; - reduction, refming, smelting and alloyin� of inetal or metal ores; refining secondazy aluminum, refming petroleum products such as gasoline, kerosene, naptha, lubricating oil, distillation of wood or bones. (3) Bulk storage of oil, gasoline or similar flammable liquid above ground. 3.4.6 Area and Bulk Reeulations. (minimum Required) Lot Area- 20,000 square feet. Lot Width- 75 feet. Lot Depth- 150 feet. Front Yazd- 35 feet. Side Yard - 30 feet. _ Side Yazd abutting a residential district- SS feet. Reaz Yard - 35 feet. Reaz Yazd abutting a residential district -60 feet. Maximum Building Coverage- 50%. Maximum Building Height -45 feet or 3 %: stories. 3.4.7 Use Standards. Uses permitted in the (I) Industrial District shatl be subjec[ to Ihe following conditions: 3.4.7.1 Pazking, loading or service azeas used by motor vehicles shall be physically separated from all streets by a suitable barrier against unchanneled motor vehicle access or egress. The roads, driveways, parking areas and walks shall be paved and maintained in good condition with hazd surface materials. 3.4.7.2 All access roads or driveways shall be located a minimum of forty feet &om the intersection of any street right-of-way lines and shall be designed in a manner conducive to safe ingress and egress. 3.4.7.3 Screenina. Along each property line which is adjacent to a Residential District or lot in residential use, the owner shall be required to maintain a buffer strip twenty-five (25) feet wide upon which shall be planted suitable vegetation to provide appropriate screening of al] operations on the lot and against noise, glaze, fumes, dust and other hazmful effects consistent with the permitted use. 30 � � A required screen shall be composed of evergreen trees at least four (4) feet in height. Such trees shall be planted offset in two (2) pazallel rows, with six-foot minimum distance between the trunks of each of the plants, measured in one continuous d'uection. All requ'ved plant materials shall be well maintained and any that die within twelve (12) months of installation shall be replaced by the present owner. 3.4.7.4 Illumination. When lot lines lie within 35 feet of a residence district boundary of any lot in residential use, any illumination of floodtighting shall be ananged so there will be no glaze of lights towazd such lot or district boundary line. 3.4.7.5 Landscaoine. At least 20% of the lot shall be maintained with vegetative cover. All areas of the lot not paved shall be landscaped with a mixture of trees, shrubs, flowers and grass to retazd water runoff, restrict blowing trash and deter unsafe access to the site. Existing desirable vegetative materials shall be preserved wherever possible. 3.4.7.6 Additional conditions and safeguards as the Borough may impose in order - to protect and promote the health and safety and general welfare of the community and the character of the neighborhood in which the proposed use is to be erected. 3.4.8 Offstreet Parkina Reeulations.Article IV, Section 43.1 of This Ordinance. 3.4.9 Si�n Re¢ulations. Article IV, Section 4.5 ofThis Ordinance. 3l � � Section 3.5 Generalized Districts Use Schedule. The following schedule shows which uses, permitted, wnditional and accessory, apply to the vazious zoning districts established by This Ordinance. This generatized informational schedule is designed and is intended to wmp(ement the detailed district use regulations contained herein; but it does not replace Article III or any other detailed regulations that aze adopted and declared to be a part of This Ordinance. 3.5.1 Generalized District Use Schedule. Generalized Uses Zoning Districts R-1 R-2 VD LI/CC I One-Family Residence P p P A A Two-Family Residence p p p - Multi-Family Residence C p Row or Attached Residence C p Federal, State, &Municipal Buildings &Uses P P P p Chucches C p p Schools C p p Other Institutions C C P Membership Clubs C C P P Public Utitities C C C P P Cemeteries C Residence Conversions p C Boazding, Lodging & Rooming Houses P C Retai]Businesses, excluding drive-in establishments C P P — Business Services, excluding drive-in establishments C P P Personal Services, excluding drive-in establishments C P P Repair Services � p p Automotive Sales& Service C p p Processing for Retail C p p Wholesale p p p - Warehousing q p Printing Establishments � p p p Vehicle Terminals p Light Manufacturing p p Laboratories p p Customary Home Occupations A A P — Professional Office or Studio A A P P Tool House &Private Pools A A A Private Gazages A A A Domestic Animals A A A Storage Buiidings A A A A A S�S� A A A A A WirelessCommunicationFacilities C C - P - Permitted Uses C - Conditional Uses A- Accessory Uses 32 , , LOCATION iWAP BOrfower' Kenneth E. 8 J. Earl KOUGH NO.: 12-0024 Pro ert Adtlre55:West Maln Street a5e Na.: Ciry Newville Slate' PA ZiP: 17141 Lender: M artson Law Otfices ¢i I Honay Grww':' FonN°ix�uonK, N6r �2is I , oine Grwe Ellio[tthurq ip(fO�d e'a P E fl 0. 'I � �C a pA shertnMn��terNd WYs�ille Miilmwn So,A E A p p a I a ]lain �� i 3a �°� �S� Sh¢rmanf Dale Va1kY R `�4 �.�P�• c cenex °-" a � Squue . ____ ) _ ..• . � » � . --- -- -- '- " �a oa,�� , Doab4ngGaD _ - �� ola0.�' .' .- � " ��l ._ p� LownFnnYb�tlTwp S�Iu55lf.. ,,..��- . McCrx Blaserrilb �+4 . .g � . MiEdlese� ' -'' Sublect ��a�lisk , � He6erli W Mdin St � c u �!nn,R� . �� Newville,PA 17241 � , JF� r � Ne k Comparable Sale 3 � �,��R 220 Mill St Comparable Sale 1 �. Mount Hollq Springs,PA ll065 �- ��+P'�°g� E Main St r (12.09 miles ESE) � NeWViIIe,PA 17241 � � .- .. -�°� � � . , Newburg (0.16 miles ENE) � . . oaMi .� Mount Holly Rdq•� Okkinson arnepa Spririgs klnqs ;� Gap Comparable Sale 2 e�.Vri R. FaYette St � '��m E°Q t�" ��. Shippansburg,PA 17257 � (10.fi8 mi185 SW) �133 ro1,� , y �q �' ShipPFmburg . Urlalf � � -PiMGmve Fu�wce I'.�1 IJ $O �nTnN ' -' - Gardnen Yotk Sprl � Wmbrilk � � ASNe�s 15 4 J e�y� Neidkn �I � Biglerville f` � Cakdonu �� I W :�� . Iznx AreMtsvilk � �;,.iayettevilk,. Par�. : � `='.__:_'.,_—�:.�;,_ Brawnrvilk �;..30 . ThePine! '-`�ba�bu�gM.,� ��'� MummasOurg \. d .'o . �E� Guldens�� I Yqr�� M�c3 �1.�� . . ),tl19�1.'llEq �N:L1U ��!712idi��3�I:rurpanSimi Orttanru � ' 11 mild —� i � i I � � :.��,,, ,.,.��.�:�•..r�,.,,�.,,.�:�-..r,:,.,,n...�:�-..�:,.��1,...��-..,::,..,.n..�.� ,,,.,�: �+'� ti'�y'�f ' .-t�'�� . . .S'�7 .��Ff ,,,.y . �'n'r.,/r-'��?g r� � � ' � � s ,r � i .��la-a �.hv� : " %fJ g Y � —_/ �` �``�'��" ;.` � ` '�```��. `�i.:', "'"_� \�.�— /' .�;.�'\� , '� �1�_h"" .� 1 .. ' / _ ... u�! �� \ `� '.'.` ' - , �j � . � 1 � !�/ � l* � �y n1 I �`�\ ` ` �� _Y��\�I) i \�/� ` t �/^�t"�%% � ,� � .� _ � _. ' � � � �`-- . .y ' .•' ' � � . f4� / /��r1�� l-- ,�i � i;� ��. �� f��_� ; �y�� r�� : : �� . /'��. \\�jj .. /;,��\� \`�� i l -r-� i- - a,�� _ _ /�\\\�\\-�� 1�� JI—, �/y' /��a�„/��' r��-s—��,� '1, t� �� _/ \\S� y��`'f'�d�s— j� >)�—��)��r�1�� > o , , `,� �, ,�,�'.''_��l��.9�r��y�..,7i w. �,�5�� \'��k�. �`�' '_S"� i\i?��.k�,.1:�� p �I..'��. _� � �4� \��+�- �. �//,^� /��'� \�\��T��`�F,` .X�r,��rJ �/(-�'ly�� /�� `v u„��/ ' :. .� ��'� — ��l " ��` �'�+�i��.'.�� _�,��/�t ,�" � • . ��J ��r��\��,�'\\\\'� _ ��.,��`�- -,: ;�� y��`��!��" ;�_. ��. , �. � ,� ,�� . „ � �� ,� - � ��-,�� w +� r. • � ��> ` � �x; '�`"�j,��,�� ,.°.. , _ � / �t � rn � �t�;� � ��i � _, }��'\� .r— `F�41Y�i , r .. ' a�s-"��'�� ,y,�-11 �1� � � "'7�� ?� `�'�'// � - � i } �. \\ o ��— � it �'11�S[ ��,� ��`rk:,vti{.i..- ,\\��{ ,�/\��,�/��^� � S'"z?;�, h d "�''tUIrE.:,.�a�.� 7j�k-,- .�/, _ �,j,-;��,',v. �.�� ' • ��j�'`?� � A% ' �� jv 4,��/�i,�\�"�� z�'��`!. .�j, ' , .`�(��_ " �/ � " i�A`\\\/�`r.r \\l��1��; 7: �T a� -• Bt�..r v<�;r� • �• . ,//-x- ''{� t' �_ a � ._��" "` � . �.: �� .,P��,��; � 1.�;�=�:Yr� - �• ' �t�-"'_=}�`� ti/��'��—�l;�, �'%--'�--�„`\�4,1= � _ � `� .� +�� , �'�'-�" ' c y�,` N ° �r k'�,�^y� ^;`�` �"'r � ` \. /� .�i � `'v�:s �'`l�`�#"� �! _ ,'� �'�� .� \ � . //\�� \\��;"�'�_ � f= < ,.,f` _„_,--�..; � 4 °,;� �� ° _ H fl � � � � � 1� ' �� /; / o � � �� _ rj �� '� ; �\ w€�h'; l /i_.� r - //.. . �i ' n ;� �F �.� ` �� , ./ � .j J,:�� ` �.�/j��\v �i � � �//�� . �x��i�' \�\� � � - . �� #(�3% ``1 r.i �� ' � , - ''�� ,��, �';' � /- \\\ �„ � .� � , ., /�`- °\` , \\ �/j�,�`�,�� , \ /- �C: // ; � , , �raCp�\ v-�'Z�.�1Z�rcr f°,�«-r'��a�?—.rl��!`tf!'�`��/ �—]i�. ��"�t� ��{�I'=="��sfi.`I��r� ��, '�"'��.\\Y4FJlqP:s��s<.!.l\\\1:F/I/L!?rs►�sS?\\\\if/!//.!?!s��R1\\\ll!!//.!�'��c�i.U1l'4f/// ` . � �� STEVEN W. BARRETT Steven W. Barrett Real Estate& Appraisal Services-Established 1976 505 South Hanover Street,Carlisle, PA 17013 Phone717-243-6646 FAX717-243-8627 E-Mail—Steve@swbarrett.com PROFESSIONAL LICENSES: PA S[ale Certified General Appraiser,GA-000298-L PA Real Estate Broker, RB-026921-A Certified PA Evaluator, AV-00003J-L PROFESSIONAL DESIGNATIONS EARNED: SRPA, Senior Real Property Appraiser, I 1/90 CPE,Certified Pennsylvania Evaluator, I I/88 Appraiser fnstitute—General Member Assessors Association of Pennsylvania SRA,Senior Residential Appraiser,9/83 CRB,Certified Real Es[ate Brokerage Manager, Appraisal Institute— Residential Member 2/86, Real[ors National Marketing[nstitu[e ASA,Accredited Senior Appraiser, Real Property CRA,Ce�Yified Review Appraiser, Senior Member Urban, 7/90, American Society of Appraisers 4/81,National Association of Review Appraisers GAA, General Accredited Appraiser, I 1/94 Realtors Appraiser Section ASSOCIATION MEMBERSHfPS: Appraisal Instimte American Sociery of Appraisers Assessors Association of Pennsylvania REALTORS-National, State& Local Organizations OFFICES HELD: 2006 Board Member, Greater Harrisburg Assoc. of Realtors 1984-86 Presidenl, Chaprer 70, 2003•2005 Board Member, Carlisle Board of Realtors Society of Real Es[a[e Appraisers 2001 President,Appraisal Institure, Central PA Chapter 1982-83 Vice President, Chapter 70. Sociery 1998 Chair,Appraisal Section, of Real Estate Appraisers Harrisburg Associa[ion of REALTORS 1981 Vice Presiden[, Carlisle Board of 1989-90 V ice Governor, Dish'ict 20. Society of Real Realtors Estate Appraisers 1982 Presiden[,Carlisle Board of Realrors APPRAISAL AfVD REAL ESTATE EDUCATION: Appraisal Instimte/SREA -Cow�ses Penn S[ate University-Courses SREA Course 101, An Introduction ro Appraising Real Estate Appraising I SREA Cowse 102,Applied Residential Property Valuation Real Estate Appraising ll SREA Course 201, Principles of Income Property Valuation Real Estate Appraising-Right of Way SREA Course 202,Applied Income Property Valuation Real Estate Theory and Practice SREA Comse 301, Special Application-Appraisal Analysis Real Estate Finance Af Course 510, Advanced Income Capitalization Real Estate Administration & Mana�ement , Residential Demonstra[ion Report Real Estate for the Small Invesror Income/Commercial Demonstration Report of Business Valua[ion Appraisal Ins[i[ute/SREA Seminars: Online Business Practices and Ethics '04 � _ . . � � Greening Historic Bldgs.31". Century '09 I<eep Yourself Safe& Legal '09 PA State Mandated Course '03 USPAP 3009 Uniforn� Appraisal Standards for In[ernet Search S[rategies for R.E. Appraisers '07 for Federal Land `08 Appraisal Review&the Process of Reviewing '07 Appraising Environmentally Contaminated Tax Assessment law &Tax Appeal Process in PA `07 Properties '09 Review of'PA Appraiser Certification Act `07 Appraiser Liability '03 Penn Dot Right of Way Procedures '06 Appraising from Blueprints and Specifications '01 Professional Guide [o the Uniform Residentiai Regression Analysis in Appraisal Practice '01 Appraiser's Report 'OS FHA Appraisal Inspection Rom the Ground Up 'O1 Review of PA Appraiser's Certification Act `OS Narrative Appraisal Report Writing Appraiser's in the Ring 'OS Partial Interest Valuation—Undivided '00 Tax Free Like-King Bxchanges 'OS Technology Form—Parts I and 2 `99 Appraiser's in Uie Ring 'OS Litigation Skills for the Appraiser `98 7 Hour Elective Continuing Education Dynamics ofOffice Building Valuation '98 Course 11 '03 Loss Prevention `98 7 Hour Elec[ive Continuing Education Uniform Residential Appraisal Report `97 Course X '03 Small Residen[ial Income Properry Appraisal '97 Inform Standards of Professional Valuation of Leasehold Interest'97 Appraisal Practice '03, 'O5, '07 Valuation of Leased Fee Interest `97 Residential Construction '03 Underwriter's Guidelines to Real Property Appraisal `97 Appraising the Oddball: Nonconfonning Appraisal of Mixed Use Property Types `96 & Difficult Propeities Oiher Seminars: Veterans Administration Training 'OS Veterans Administration Training '03 Appraisal of a For-Profit-Cemetery—AAP '96 Mandatory Brokerage- Kell '00 Appraisal of an Operating LandfiU - AAP '96 Agency Changes,Choices and Fonns Nursing Home Valuations -AAP '95 Realrors fnstitute '99 Realtors National Marketing fnstitute Law and Order. USPAP and PA Course 302, Marketing Management '86 Realtors Institute '99 FIl1D-FHA Training Seminar Elective Brokerage -Shearer '97 Pennsylvania Appraisal Statutes Mandatory Brokerage-Shearer'97 Two to Four Family Finesse -Appraising Appraising High-Value Residential Multi-Family Properties 200.5 Properties 2005 WORK EXPERIENCE: Real Estate Property Manager. 1979 Real Estate Broker, 1974 Real Es[ate Appraiser, 1975 Real Esta[e Salesman, 1971 EXPERT WITNESS: ' Cumberland and Dauphin Counties Penn DOT Board of View Cow7 of Common Pleas and Domesti� Various Municipal Zoning and Master Hearings Planning Boards TYPES OF PROPERTIES APPRAISED: Residentiai Connnercial Indushial Investment Multi-Family Mixed Use Agricultural Retai� Easemen[s Eminent Domain Right of Ways Subdivisions Feasibility Studies Cash Plow Analyses Assessment Appeals Consulting REAL ESTATE BROKERAGE: Listings, sales, leasing and consulting of all types of real estate in south-cen[ral PA �� ,� --' S.W. BARRETT REAL ESTA7E ANDAPPRAISAL SERVICES Fik Na.12-0023 f "._ . _ _ _ . ._ .. ._ _ _-_ _ . . . . .__ . _ _ _ . �i � �I i � APPRAISAL OF i'. � - ---- --F—_ . .y;� � --- - --- -- � - - - � i _ ,". .:�p(. ! ` -/ � �.i I 'r- �' ,� .�'. I�, �41_.,� j��.. . � ; i IIi b I v�.b,.� -� .� . ` �c. r1# � •y_ 4 � I �• � ' y ' G' �+t ..,�r �.�� _ �. � r � i e, . ` .._ __ . ' _.__ _ __� ._ . . _.._. I � � � LOCATED AT: I R.Pipellne Road Newvllle,PA 17241 FOR: Martaon Law Officas Ten East High Street Carllala,PA 17013 BORROWER: . � � KenneM E.8 J.Ead KOUGH I � AS OF: i February 10,201Y � I BY: I, ' Stan A.Skowronek i I PA CertiFled Realdential Real Estata Apprelae� I � I � .___.— _ '— .—""_ I �G�. �, S-�2n� 3 "' S.W. BARRE77 REAL ES7ATE AND AVPRAISAL SERVICES Fik No.12-0023 I II I 03@OI401Y I Martson law OHicea Ten Eaet High Street � Carliaie,PA 77013 File Number: 12.0023 Oear Sir: In accordance with your request,I have appraised[he real properry at R.Pipellne Road Newvllle,PA 177d1 The purpose ot this appraisal is ro develop an opinion of the market value of the subject properry,as imprwed. � The property rights appraised are the fee simple interest in ihe site and improvements. In my Opinion,(he market value ol the pioperty a5 of February 70,2072 is: 538,000 � Thirty-ElghtThousand Dollars The attached report comains the tlescription, analysis and supportive tlata For the conclusion5, final opinion ot value, descriptive phorographs, limiting conditions and appropriate certifications. f RespecMully eubmltleA � "C�� Stan A.Skowronek PA Certifled Realdantlal Real Estate Appreiser I �_'_'_-__ ___—.__ _ . � S.W.Barrett Real Es[ale 6 al Servicas LANDAPPRAISA�PORT cueN� iz.00sa ihe purpose ot I�is summaiy appraisal ieparl iSlo pioviae ihe ienAeilclienl wil�an accwale anU aGequalely supporteG opinion oi iM1e maike�value ol tAe su0�ec1 pia0erry, �• �• • � � aioperynaaiess: R.Plpalins Road ciry�.Newvllle swre�. PA ziy:17241 eonowEC Kennath E.8 J.Ead KOUGM ownerotvueikaxore: Kough,Kenneth I Counry CumbarlanA �eeai oexnpuon: Deed Book 118 pape C75 nssessorsvamelp� 1503-0057•007 ta.veac 3011 R.E.ia.es: 18.00 `�eign�omaoaName'. LowerMlHlinTOwnshio �ua0pe��ence. 03•0057 Cenwsnaa' 0130.00 Specialnssessmems' NOnaknown PUD �Yes Q No HOA'.ENIA � Pe�Yea� � PeiMOnN ProOeMp�B��sAppraiSeC: aFeeSimpk �leasehop �Oihei�tlescnee) AssgnmeniType'. �PurchaseTransaclion �qeHnanceTransacAOn Q Olnei�tlesni0e)Oolnlon of value LentlenCl�enc M Ofli neUreu'.Ten E h Iln P 1 � i QtlN otlqnat analyze�Aeconttac�brsaleroilAewb�ecipu¢�auvansazWn.E�pWinlAeiemtlsoHheamysisolMeconnxlbrwkorxTyNeanaysswesnolperlormM. ComactPr¢ef'.NIA oaieaiCOnuacc NIA ISIAPO�OPQM�IIPI�IIEOLNRIOIOUEIKIpCOIOP Yes uo DauSOU¢e(s)N IsNereanyMancialassigance(bencAarA¢s,saleconcessions,giAarEmmpaymenlassis�ance,¢�p.)mUepaiGGyenyperryon�e�eAOimeEa�roweR �ves No HYes.ieportNelolal�olleramoumanOEesnioemeilemsmeepab, SN�p q/p • •�� NaR:RaceanEMeieculmm sNOnalTeM Abar�ootlaienola raisellecmrs. N¢IaI1MIIILpU[IldfMll11511C5 OnPUIIIIMWSXIgT1¢II�S 0l12�Uni�H0uA110 PfpY��antlUSC% Localian Wban SuWiCen x Rurel Pra e values IrKieav % Subk Oeclini PR�CE PGE On�Unp 5 W Bmtl�V Prei15%X t5��5% Unan15% OemanNSU SAO�e X InBaW�e PrerSU SU00 is 2�<Un0 0% �iwM F i0 X Slabk Sbw Maikeo Time UM¢r3mNS X 3�6mihs O�erfimlhs 110LV,v 20 MuNFem 0% r+e hhoinooaBaunaaier 1B0 H'h 75 Commercal 0�e 140 are0. 45 ONer Vat 95 9t Gpotl Avpi. Fax Ppo� WoE Avyi. Fair Pooi ComenrtnceloEm nt X Pia er Cam qbil' J( ComaniencebSho ' X G¢neralA aiaMea�Pm Nps X Com2niencPlOPilma EGU[a0on 7( FC oIVOIF¢IFii¢Ptole[ppn J( ComenienceroRarea6onelfacililias X Piolec0onhom0ebimeMelCanditions X E b n156Ai1 X Or2�aNA a1WMa�ke� X Ne neorirooe oes.n non� Ths aub eet aeroa e la loeated In the North Mounqln�wIM aoeesa oH of PI ellne Roatl•no roeordsd rl ht of w exl�ts r Mr.Kou h•howaver It haa been accsased for wall ovsr twent ean. Sub ect ro I�not In a flood hazarC area r ma 42099C dated 8NBI7009 Zon�X. Made�can0iiionsmvlWm w nbrmeaoovecorcwsions: I.IaUSelsretlOa roximatel 9B%.IhaveGOnaltlafedreleventCOm atltlVSllatln s andlor contrac[oHerin a In tha sAOrmanp of lhie a relsal and in ths trendin Infotmatlon re ortsd In this sactlon. If a trentl Is Indlcatsd I havs attachs0 an addsndum rovldin relevant com Illve Ilatin controd offarin tlata. Local multl•Ilst Oata Indleatee etabl�mark�t In ths ast calendar ar with no a reGatlon In the sub xts market area with an evere markstin tims ot 90-180 d . E�onomle tronES and lendin rates hava ramalneC favorabls. Salss concasalons ara xcurin mora fra uantl • howavN thers le no known rovelenea o!unuaual eeller flnaneln concssslons or bu down�. Thers aro new homss under conatruqlon In aurroundin devalo mant� as vnll a�reaalq avallabl�In Ms nei hbortiootl. oimemm�s Ses lapal daserlotlon qree:11 X ncin Sa.Fl. snape Redanoular vKw.Wootls zonuqcwssrtcaoom CON zoninpcettrp�mn: Connervation ioningCamplaMe: X Lepal lepelNOManlorming�GianC2NerMUSe) rlo2minp n�epal(Cecribe) usesce�mnredunUe�cmremzonuqregub�ons: Realdentlallaaoermitteduse NqAe568e9UR'. V8C311tmOUtiIOGfO00tl OescnbeaMimpiavemen6: NOna �O�eremimpiaucmen6conbimmzonmpP ves rvo X No'improvemenn �INO,ea0lain. N!A PRSemuSPOfv6jett5ql: VdCiOtlllOUpf2111plOUOd CmrenlarD�oOOXtlqrwMieM? Yes % No tlYes,fNlA ropoqravM� s�o In mountaln rounC sae:T Ical for area oiainage: Appeara Atlaquab CoinerLOl: Yes X No UnUeiprountlUAlNes: Yes X No FenceO' Yes X No i�Yes,rype: SpenelFboaHazv�Aree � Yes %Q No FEMAFIOaaZOne'X FEMRMapM: 4I041C0015E FEMAMapDale: 03H&2009 UTILITIES Publ'r ONe� Pbvdeio��escri 'n OX�Silelm mvxmpMS T iDesai ion PuElk OMei Ek[tti[ NOO! SUeelSUrlace M8CBd2T X cas None suenr ennmerrce Muniei a1/Neutral watei Nona CumlGUner None 5antta 5eeei None SiOewalk None amer None Sueea�nn Nons ��e� None qlk None Are1�euUFle5an0oll5ileim0��sN�Kellorihemaikel? 7( Yes No I�NO,Gexripe: AfENCfQdlrydMp6¢y1pCOMI�p�SMQttpl�9118[IOfS(EBYIIIpI115,POCfWt��IR�B,Plrv1lONIIpOtlIC00tl11b11S,WIIQORS,¢�C.)� Y¢5 X No IIVes.Oexiibe' There are no a aront ativersa easementa eneroaehmenta or olher adverse conditlona. Private watar and sanita s tems are common to the area and hava no adverse aHed u on marketablll . SileGOmmena: Woodad 510 in mountaln round. o,em�.ewa.nm..�..vrun:,....�..,.e..,.� � . _ _. . .. . _.. _. _ .. . . _ . . _. ._. _. _ _. . 5.W.Barrett Real Estate 8 A al Services LANDAPPRAISA �"� PORT cnemo. t2-0023 mereare 0 mm iablewesa�rent oileiealo�salemihewb nne nnomooU�an m m ikehom S 40000 m 5 150000 Tneieare 3 romaiable5iteswMmihe agl2monihsinNewee[�nei hEmhooUran m mule i¢ehom S d0000 io E 150000 � .. FEAiIIRE SUB]EC7 COMGnRABLESFLEN0.1 COMPARABLESAlEN0.1 COMPARABLESALEN0.3 aetlress R.Plpeline Road Bobcat Road Meana Hollow Rd High Mountaln Rd. c� iSUti Nawville PA 172dt Nawvllle 43•Ob0385-0BO Shi .�9-150177-055 Shl .07-14-0187-011 awnmi rosuoxi 7.08 milea NE 12.52 milee SSW 9.01 mllea SSE �ausoumes Courthouse Courthousa Caurthousa venl¢alian Sam[e s Sale wwe E NIA E 138 000 E 40 000 2 82 000 airceiACre s a.00 s 2 95 S J 5 S 8 OB W�eolsak MOiDaYR N/A 07/07/4012 OSN9I2011 10NL2011 oasonrnaaei N/A Unknown Unknown Unknown wnannn T e N/A Unknown Unknown Unknown concessians N/A Unknown Unknown Unknown tocaiwn Runl Rural Rural $u ariw -]0% -1 813 vm e� a nna ia�sea Fea Slm le Fea Sim Is Pee Sim la Fee Sim ta stesue Acres 10.81 48.77 71.30 10.77 view Wootla Woade Wooda Wootls To a ra Slo In ooda Slo In ooda Slo In oods Slo in ooda nvaiwokU�iinres None Nane Nona None SVeelFmn�a e Nons Nane 720 ft 0 1 207 R -10°k -808 svee�T e Pdvats Ln.Acceas Pdvate Ln.Aca 0 Public •5Y, -177 Publlc -5°k -403 wa�eim�We�e Nons Nane Nons Non� cenn Nons Nons None Nona im rmremen¢ Nons Nons None Nons Ne1M' s�ment Tolal,m5 X . f 0 X - 5 177 X - S 2 822 AGryzeCalesp�iceolihe NeIAG�. 0.0% NeIAEj• •5.0% Ne�Ad�• J5.0% ComaraGkSaksin3 Gros . 0.0% 5 2953 Gms ' S.096 S 3383 f�oss . 35.0% S 5241 � 1�eADD�aiseihasres¢eic�eGlheuanskr�isroryoll�esubRV.YD�oceMrorlM1epast3yxarsanENglinnpAislpryolVi¢wOjenroiNepaslltmonlhs0�b�roNeeMecMeEaleolNissppraial. T�e ap0�eiur�es also re5eertheJ Te Venskr antl lis�ng M1imry ol Me compaiebk seksbi tl�e peA B monNs meaoV�eisersiesemcn ❑Qitl �Aqrq� iev¢elarrypiqisalesmlmnshiSalmemb�MpiopeMbrlheMtreyearsprbikNeeXecti�e0aleoll�ee00�eisal. Odld$WfceS: TM1eappmisefsiesee¢h Aq apip� inpalerryp�pisaksoiUan5lersoltAe<ompeia0kselesbiNeyeai0�brlotAEGaleolsa@olmemmpara�ksek. oau5owar o u 6 IDeeppwisehreuarch tlb CiCno� ievealaMVrioilisnipsaltl�ewCjenpmpertyoicomOaraGksalesroiNeyzai0rpr�oiAeellearvxda2afNeappraisel. Dala Somces: Li511ngRiansle�Hisrory •iran5kr15ak(ONLV�aINe LisnrqaMiranskrAMaryal listinpan0iranslerAislaryol �istinpa,MTranster�isioryof (A moie Nan Ma,use comments Subjecl in paA 36 monl�s Comp 1 in 0��x Com02 m pag 31 moiMS: Comp 3 m pe5i 12 mon11i5' ununoranaetle�kum.) s NlA s NIA NIA s NIA N/A S N/A NIA S NIA s N/A N/A s NIA N/A s NIA NIA SuE �Pio isGUnen 1i51¢OFOISak? v¢s % NO oau5ou¢e: MWq-LIb�3 i0m NrrenlliSdnpHigpry Li5lDale Li9Pde DaysanMerke� pab5awtt N/A s NIA N/A NIA Sub'tlPm �as�een45tetivnllunNelagl2MOnNS? YPS XNO Oa�sSaice' M�NI-L16tS E�8�11 12MOnIhLrstingMislory Li510ace LiSVeke DaySanMarke� paNSOwce NIA s N/A N/A NIA N/A 5 N/A N/A NIA commenrson vrbr5ekyrranshrsana CuSemann Frbe�istin s: No dor tranafere of the sub eq wNhin the aat 38 months nor wera thsn an rfor trenafen of the com arables within 12 month�of thalr sale date. summa oime sa�es com iwn n macn: The lowtlon ad ustment for eom arabla Y7 rofleeb the eom ara6le beln looated in an area of realdsntlal use wlth Aomea IocataA tlirectl In Ihs com arablea Immadiats nel hDorhood on simllar alze acrea e. Ths unad uated rlce er acro ren �le f2 953 to SB 087.Th�low volume of mountaln round land aalas re uired an ex anded search area in bolh time and distance. T�ene are the 6est mountain land salas com arablen known to ha avallable. Rconce�anan Commen�s: Tha atl uetetl dee er aere ran e ia SZ 953 to 55 241-SAV•S7 S00 r aera with the most wel ht Iven to com arabla#1 due lo ite almllar locatlon and lack of road fronta e. SuE ect acrea �-10.87 S3 500=S37 835-SAV-538 000 misa raisaiismane X 'es�s,or mo uomebiio-mn conaaronsa�in �wns:The ro art hae6eana ralaeAlncurtenteondition. Thlals for tha cllent6 uae onl . ' Buee on�com plete M au�I i moMlon al in e w C�M ene anE Mou Im o��em enb upon uie eib,eM nM¢oo�ol xaM,p�bm ent ol neu m ptlem nM Ilmitlnp Contlll�ana,NE�pprUxY�ceniflcallon,my(aur�o0inion ol mrthHqlue,utlMbrcE,oltMretl propltryNNbM!wE�KYa�tMarepatl Ic ' o �mono�wrknv�wr.s 38000 uoc 02H0/2012 xmicMStheaauollm ettion�naMeenenNeoateounls• niw �,��a�.�...ro n�nn,..m.n� n.p�za� u�o_:omo v S.W.Barrett Real Estate 8 ADP�aisal Servicae � S.W.Barrett Real Estate 8 A I Servicea LANDAPPRAISAL-� ORT Fae�+o. 12-0023 15tM1eGCmlopetl�uildermcomrololtheHOmeowners assooaoon(HOa�� Yes ❑No • ,Unilrype(s�' ❑ �elacA¢4 ❑ AnatAetl Pmvq¢�he loliavnng inkimalian lor PUDS ONLY tl Ine�evelaperlOwltler is m conlml ol Ihe MOA aiM IAe su��eat P�opeiry is an aluc�eE tlwellmq uml. �eBal Name oi vm�ecr.NlA Tolalnumeeroiphases: N/A intalnumberatunils: N/A iatalnum�erotuntlssoq: Toialnumh¢ioluni¢remea�. N/A Totalnumberalunnsloiwk' N/A oausoume�sP N/A WasOepiole«<reatetlbythemmersanolensungbmltlmg�s)imoaPUD? ❑ves vo i1Ves,tlateolcomersbn'. NIA Ooest�epmleciconlainaMmul0.Mrellingunit5? ❑ Yes � Ao �aWSOmce'.NIA Aremeunns,cammonelements,anUrecrea�ronlacUmesmmpkteP Qves ❑ No iINO,GexnOe��esiawso�romD��n: N/A cescn0ecommoneiemenisanGrecreatwnalfacAides N/A , � Thls repail b�m is tlesgnetl N iepon an a0p�ai5810l e pa¢el ol IaM wfipA mdy Aav¢same mmoi im0��menl5 bW is WI wnsitler¢0 N�e en'impiweG site'.All im0��n6 are consi0ere4 W�e o�relalbey minorvalue impacl on Ne overall value ol tAe sAe.T�is iepotl larm is nol tlesgneG W repoit on an'impro�eE sile'w�eie s�gni&anlvaNe is OeiNeE M1om IAe im0�%'ementa. This ap0�aisal iepon Imm may De usetl lor gnpk lemity,mul0.hmity sAes an0 may Ge inchqe0 wilhin a PUD Oerebpment. This ap0�aisehepon i5 sub�e[I to me rolbvnn0 uope olxnrX,intentletl use,intenOeE user,tleM1nmm�al maiketvalue,Sqremenl al assumppOns an0limNnp cnnEilpns an0 ceilifKations. MoGiACaWns,aDOAans,oi tlek�uns to I�e mlentltb use.inten4e0 usei,tleAnNOn ol markel value,or aswmpW ns aM IlmNip conGNOns eie nol peiminea.TAe appia5¢t may expaM IM1e xope ol work b in[M1Me a�ry aEailpnal reieerzh or analysis irecessery baseE an 0e commpknity of tl�is apDraiyal a55iB��nt MoOificairons o�tleleAOns la Ihe ce�lificaHOns aie slw no� petmitletl.Hov.evei,aGOilional[eMKdlion5 mal Uo no�[onSYMle male�ial atleralians ro Ihis appraisel reporl,such as Ihose iequir¢tl by law o�IAOSe ielaleC la 0e appiaisei's conlinwp etlucalun oi memhershry in an app�aisal oigan¢alan,a�e peimitteG. SCOOEOFVqRK: TAlSfAplplWO(kIp11M19d0��dl5dli5tlEA0ltltrylA¢COIIIpIQXIly011M5dp0�815818551A1II1M111dIlONPIQPONIKffEQUilp�11Ep60�05dpOfdi59��Qpptll0tf11,i0[NDi11QIX! lalbxing Gefintlbn ot merketvaWe,Llcemenl ol aswmplwns antl hmuinp wntlNOns anG ceilAkalronx iAe apD�a�ser muY ata minimum;(1)perbim a mmOkk visuel inspeclion ol Ihe wUjen sile aM airy IimiteG imprpvemenn,(1)Inspxt Ne nephAOrM1ooO,(3)inspecl eac�ol Ne camparaUk sales M1om al�ea91M1e sbeel,(Q reseertR�rerM anE anayte tla0 M1om rela0le puLlk anNa�p�ira@ wu¢es,aiM(5)apotl his a��ei ana�s,opimm�s and wnclusnns m Nis appiaisal reparl. MlENUEOOSE: ThQIOIQ04l40201Nldpplel$911pp01115�0lIOp�PlldlAClkpINPVd�OdlPl�llpl��2fl)'NdfSNlYJ�jPC1011�16dPpldlStlMlgRq�IQdA!(IWMRVdfIHC(100. INTENOEOUSER: TliPiplpiq¢QySlIOINiS�¢pJf1�5NCknGPlhll¢OIkGOtifIM'MNinIhCBppfdL50h¢p011. oEflxrtloHOGwMRETVeLUE: T�emoAD�oGaOkD�kewAK�apioplMshoubGrirqinacompeliB.eaMopenmaikemnCerall[anEApnsiepui5ileloebii5dk,meMryeiand uller ex�a�CnB 4�udenUy eiq knovAeEpeaby,antl assuminp the pike'is noi alkcleC pyundue sumulus.Implicil in mis definipon is Ihe conwmmelqn ola sak azol e specifiM tlak antl Iha pd55iipoltilklromxlk�bWyeiwMeicoMNanswl�eieby:�1)MrytreMSPlkra�etypF0lymptivalM;�2)OONpailKSarevRAinbtmGOOrw¢Aa0n5C0.aMeeC�ecuiginwMttlreyconsqei � meii ovm pesl inrere5t(3)a reaSanaAle Ome is allmvetl Mr evp05we in Ne oce��C(a)Oaymenl is maUe m ceims otcaN in Uni�eG 50R5 tlolkrs a�in lerms ol finaMiel arranpemenR compa�a0k Ilrerero',aM(5)Ne O�we�eD25enb U�e noimal consN¢ielion br Ne propeM1y mH unallecletl by special oi cieahre financinp oi sales cancessions•Brant¢J by aman¢a55aciahE xvT Ne sek.�Swrce:OCC,OTS,FPS,6 FDIC pm�reguWbons Ou�lisOeE Nne i,1994) 'Atllus�ments ro Ne compamOks�A Ce meUe Iw special o�cieaVR coMessions.No aGNS�me�S a�e necessarybi Ilwse co95�Mic�aie roimalN paiE Oy selk�5 as e iesutl ol vadilion or law in a maiNel aiea',Nese cos6 aie iee0iy dPnAfia�k sirice Ne sellei pays Neu coAS in viiWalN aN sakSVensa[Mns.Specal oi creadre finencirp aON��e compara0k OmceM1Y M<ompamm�s W funcinp leims olleretl by a IAiiE Oatly m9imuonel IerMei Na�is nolakeatly imn�etl in Ne pmpeiry ar uanssceon.AM adrystrnent shouN na!be[akvlaletl on a me[Aani[el doller br CpPe�<oA olll�e financiip ar concession ON Ihe OoIWr amoumal eiry atlluSVnen1 sliwk appionmale Ne markel's ieedpn m Ne finanitp or coMesswns Eased on Ilre a00reisels WEgmem. ST�TEMENTOGI155UMPfIONS�NDLIMTINGtON01tIOX5: ih¢appiYS¢ISC¢NfiCapp�NlAi5iep0�i5wbjlE�IONlbIlU.vinpd55Um0��58nd1immi1pC011d@0115: 1. Theappiai5�.xwillnolpeiesponvEkbrmaMr�olaieBalnaNreNalalle[�IAesubjeclpiope�N�iipappiaise4ortAetitleloA,e�replbiinbrmalpnNel�eaisM Oecame awaa ol aunnq Ne reuvc�ImoFeC in perbimmq Nis epD�eisal.ihe aDVmisei asmmes i�aUlm npe is gao0 aM maiketa0k and wili iwi ienaei e�ry opinbns a�oulNetNe ' Z. TM1ea00��rhaserami�retllheavailaEklbotlmapsNataie0�a✓4��YmeFeOeralEmeipentyManaBemenlApem.y�oromeiCatasomres)aM�asirolMinNis apprarsal iepo�wheNer any poroon o�Ihe w0�ec1 sil¢is bwME in an deMifieC Specal FboE NazatE Nea.Bewuse Ihe appraisei is nol a wrvepq Ae oi sh¢makes no guaianlees,eep�e5sormiplied,iegai0nq1Ais0eleimination. 3. Tlreepp�aix�uipnolB��^bMO�appeaiin�ounEecauseAearshematleanappiaisalo��hepiopeflyinquesUOnunkssspeciheiranpemen6roAOw�ara�een ma(k bebrz�anQ m es omemise require0�y law. a. TM1eaOVraiSeinaSiwhEintAisepD�eisalieponairyad.eiseconaitions(wc�azlneOreseMeafnaza�aauswa5tes,losicw�slances,eK.�oUServeGtluringlhe inspeclnn oi Ne svOje[t propeiry ar Nat M oi she Ceceme awaie ol e�mp IAe researc�immA20 x�pe�brminp Uis appraitel.Unkss ol�eiwise 9etetl in J�is appra�sel reporl the epOraise�nes no kno.NeJpe ol a�ry Aitleen o�unappaieM pl�ysical Gekercks or aMErse con0ibom olthe supje[t O�apetry(wcA as,bul irot IimiRE m. ne¢JeE iepens,tlelerioralqn,l�e O�esence ol naza�aous wasks.ronc 5u09rmces.aQreise emiranmenlal conGNpns,eRJ I�alv.nup maMe Ne piapery kss reWaDle, an00az assumetl Na11Mie aie no suc�mnONOns ana maMes no guaiamees orweimnAes erpiess or implpC.The apDraisei will no�be�esponsbk Iw any sut� coibmons Na�tlo edsla�br Ne eigineennq or restlnB�at mqM Ge require0 m Giaarti wheNei wch wnOmon eviA.Bttause 0e ap0�aisei is rw�an expen m�Ae ireWOfemrcanmenlel�axaiE;lArsa00�aisalmubnatbe<onsitleietla5enenNronmenlalasse5smemollAepiop¢M� . RPVRI115ER'SCEflTIFIC11T10N: Th¢Pp0�di5QlCPIIIfiPShcl�dqfPe5N9C 1. I hae2,al a minimum.0evebp�tl ene r¢porteG Ihis appraisal in accoitldncemN IAe scope ol wnrk repuiiemen651ateE in I�iS appraisal ieporl. i. I peibimM d rom0'�re viwal inspe[Ipn 01 N¢wbjecl vt!eM drty limitetl improvemen6.I hew repoitetl me inbimation in k[Wal and specific leims,l iJen4lieG dnC reporlea tlre Jef�ce�cs ol Ne wG�ecl sM�hal coultl afhcl t�e utiliy altlre sM aM�s useNln¢ss as a builtlinp bUs). J. 1 peiloimM IAe appralsal in acmi0ance vnN IAe ieqwremenl5o11Ae Unilorm Slantlaitls oi GioRSSmnal Appiaisal Fiacfice�hal vreie a0o0�0 aM piamulgalM 6y tAe ADPraoa151an0ai0s Boa�d ol me Appiaiul Fountlalbn ana IAalwere in Od�e atllie lime Ihls apP�aisal iepan was prepaietl. a. ideveppeAmyopinpnoilAemark¢IValueoltheiealpmOerryl�ebzVxsuE�eclolNrsiepanEas¢tlonttksalescompansonapproacArovaWeJ�aveaJequate compaiaAk maike�EaU lo der2bp a i¢I�apk saks campanson appioa��b�Nis apOraisal xs5qnmenL I Ni��e�ceMy Nal I consiUered t�e co9 ana income appma[Ires m vaNe EW Ep nM CevebO��em unless rtdicare0 elsevmeie vnAOn ihis iepon az Nere are no oi very hmitM impouemenn anE IAese apDmac�es m value are no� UeemM Mcessary br cre�i�le msuttaiMbr reliaok inaramrs olvaAie ronms appiaisa�assqnment 5. �i¢semciietl.rznfiedanalyte4,anEieponeJOnairyanentaA��bruleroiNe.w�I�PropeM.arryoHenngbisaleolPiesub�enpropeiryln�Aet+.ehxmonNs O�ar Io Vi¢ellec0.x tlale of mis aDO�aiwl,antl Ne proi sales otNe wA�M D�apeiN bi a minimum ol Miee yeais pipi lo Ne ellecVre dele af Nis app�aisel,unkss alhercnse ineirahtl in Ihis repon. fi. ireseart�e�,w�ilieU,analyreU,anOrepo�etlonNep�bisalesol0iecompaiaUkSaksNrammimumoloneyempibitoNe4aeolNesako�Necampera0ksak. unle55olhervn5¢i�ltlddl¢�in�his�epo�. 1. ISelecleC anE usetl compaiabk sales tAalare braUOnaIN.V�alry,aib Nncronaly Ne rtqsl simi�a�to me wbjeG propeiry. e. ihavenomseCCOmOaiablesalesma�were��¢iew8otcom�mngmuNip�ettansacnonsmmieponeUVln 9. I Aa�z iepoiRG atllu9men6 ro��e compaiabk saks Nal refletl Ne maheYS reaCOOn la Ne ailleienres beb.xen Ihe wbjlcl pmpeM antl Ne compaia�le sekf. 10. I haw veiified,hom a Uisinleie9eE savice,all inbrmalpn in IAis�epon Natwas proviGM by Oarlres xfio nave a fna�ial ince�eA in Ihe sale or linanciig oi Ihe svUjecl pioperry. l l. I IIdVQ kpON�p(1pp entl eYp¢IipnCP in d00�disillg�hLS lypp OI OfOP!@/01�I5�Idlkl191ld. 31. I dlll dWdf!0(dIN��IdV2 dW25510,�hE IIECPSSdI`/d04 dPOfaD��P OUhIIC dll�pfNelC tl9I85011![C5,SllCll d5IIM11AQIP NAl11Q SQNIEQS,WY e5R55111E0bEL01�5,p0�lk 190tl ieroi0s anE atM1ei ach dap sources br Ue mee m wAkM�e D�opeiry Is KKa�ea. ,m,na�.m r.a K+«R.w rv nn......�e r..� Pap]d� uru_IOOSOSF /!J� S.W.Barretl Real Estate 8 A I Services �� LANDAPPRAISAL:�: ORT FAeNa. 12-0027 • 17. I o0lainetl Ihe Inbrmation,e9imeates,ane a0inbre IumisAeG oy o�hei patlies antl evpresSeC in�his ap0�aisal iepotl hom reliabk sowces IM1aI I EelieveG ro Oe(rve anE wrtect. Ia. I nave taken into consiGerauon tM1e laclors tnal havx an imoaq on value wn�iespecl la me m�jeq neigh6prno0e,w0�¢CI pmpeM�ane I�e piorimily ol IIM wbj¢t1 O�opeiry lo aRvgrse inlluen[es in tire tlevelopmenl ot my oP�man al markel vaNe.I Aave note0 in IMS aOPraisal iepoh any aMeise conEilrons(wch as.�N iwllimtle0 m,needea�eDairs.Ge�erorauon.the Oresence ol hazartlaus wastes,mve wCVances,aMeru enNmnmen�ai conGArons,ek.�observeE tluring Ne mspecnon ol t0e su0�en pmpeM oi IAa110e[ame awaie of tlmmg�pe rr.searth invobetl in peibimmB��is ap0iaisal I�avx[ons�tle�e0 Nese aCvx�se contlnnns in my anaysisal lhe Vmpeiry value,an0�ave repotletl on IAe eA¢ci o�me mntl0onson 0e value anE maikeu�tlM o�Ne wEIK�OrOpeM �5. I have nol knowinglywn�neltl any sgnilkanl mroimalion M1om�Ais appiaisal iepoil an0,to me Oe9ol my kmmNeGge,all sta�¢menu anC inlmmalbn m@rs aDP�aisal Rpon aie iNe anU corte[I. 16. I S�dIQd 10(h15 dppld1531 ROOfblly NM p¢ISOndI,�O�HSPtl,Tlltl 0�0�¢4100d1 d11dFf5i5,OO��b�S.d04 CQIICNSIppS,vRIICA d!B Sllbl�O�fy�OIIIP dSSIIDIpW�S hclU IiINVIIQ r.oneilbns in 0is aOD�ais9 i¢po�. V. I have no O�as¢nt oi O�ospe[ti�e mieie9 in @e pmpeiy mal is t�e m��ecl ol l�n repatl,a�b I nave no OieSent a�OmspecWe permnal intere9 ar�as mA iespecl N ine pa��m�penls in IAe uansaznon.I tlb no�hax,eAhe�penwliy ar com0leley,my anaysis anWOr o0inbn ol madel value in Nis appiai5al i¢porl on Ihe race.cobi,ieligioM1 ser,age,maiilal s1aWS,nand¢ap,lamilial 51aWS,ar nalwnal anBin ol en�ei�he pms0��'e owneis or ocmpan6 ot Ihe vE�ecl pmDeM or ol the O�es¢nl owneis a� ocapantt ol roe pmpeines m�he mcinM ol IAe w0�ec�OmOeMar on any olAer bass pm�i�i�eU Ay�aw. iQ. MYQI11pI0y111QlIId0�l0![OmPC�5d�q01JfDP�b�I11i�IM5dpQfdlSd�UIdIIYIIINIPOfd��l[ip81P4Bppfdi5315Wd5�01C00C11p11lQOOdf�'dQIPE111P�I�lU1MP15130EI11Q. wunen oi olheiwise.Ina�I woub repon(oi prttenl analysis wp0oiting)a pieEeleiminea spec�M1C value,a o�etlere�minetl mmimum value,a range or eiieclwn in value, a value Inat lawrs Ihe cause ol arty Oairy,or ine allammentai a spenfic reallar acmance al e spenfi[w�sepuenl event(wc�as apPrmel ol a penEiip moilBape ban applkauon. t9. I peisonalry prepaieE all caircWSions and opinans a0ou1 me real estale Na6�ere 521 bM in IA¢a00�aisal repod if I rebeJ on spnifiwnl ieal D�oVeM appraisei assisunce hom arry mtlHkuals in Ne petlormarrce ol mrsapD�aisal or Ne peparation ol Nis appwlsal repon,�have nametl suc�iMrvEUaqs)anC tliubsetl Ihe sp¢cifiC lasks peilormeG in IAis appiaisal ieport I[e21y I�al any iMrvtluel So nemetl is qual�filE 10 pPrbrm NR Nsks.I hew nol aullroi4etl airyone lo make a clwnpe ro atry Mm in Nis appiaisal re0otl:lherebre,atry<�ange maCe to miSapPrbsal is unauNOrk¢a aM I wi0�ke iro respons��iliry Iw il. PO I itlentifieJ IAe IenJetl[Irem in tAiS appraisal iepotlw�a is�Ae IiMrvbual,o�panuation,oi apem br IAe orpanizaAOn mal ar4eieE aM wiil iecerv2G Nisapptaisal iepotl. 11. T�eknaerlclkmmaytliscbseortlirributeNisappraisabeponto:Nehanmxr,anatAeiie�eralNeiequeslofNebonower,memonpaBeeoritssuuessorsan0 I assipns;morryapelnwiers:BwernmentsponsoieCemerpnses;oUeesecontlaryma�ket0ertxipanes:Ea�ecollenwnorrepoNnqsernres0�olessnnale00ralsal � o�BanrzaWns:aMtleparMenLaBe^�Y�onnsttumenuliryalNeUnneESta�es:aiMenyslale,iheDi5VC1oICobmOia,oiotl�eilwistlk0ons',xilhoN�avinB�oblainTe � aODreisei'S o�supervrsory appiaisefs(il apPlkable)consent Suc�consem mu5 be ob�smetl Eebrt Nis a0praisal iepotl mey Ee tliubseE oi tl�sViEURtl ro airy aHrei paM linclu0np,�u�not Iimi1M lo,Ihe Pu�lp Niwg�ative�lisnp,publk relaopns,nexs.sale;oi oNei meUn). 11, iamawaremalanytliscbsuieartlabipulqnolmneppraisalieporlbymearMe'arAerhlieMmeyEea�jecttoceilemlawsanO�eguleMns.FUiNer,lamalmwEject lo me pioviswns olthe Unilorm StantlarES ot Piokssbnal nODiaissl Piacli[e Nat pe�lam m Giscbm�e ai GishiWUOn try me. 23. 1�e Eorrm�ei,anomer krder et�lie requeslN Ne�a�rw.ei,Me morlqapee or i6 sit'cesso�s aM essgns,moiyage inwrees,Aweinmen�spon5ore0 enrcrpiises.enE omer seconaery maik¢I pLnrcipants may rey on Nis aOV�eisal repon es pa�al eM��9ape LneMe tranSacW n Ne�imnlveSaMa^e oi mare ol NeSe pa�e5. 26. II mis ap0�aiset reparl wes vensmAletl as an'ekcvomc iecorC wnlaini�p my'ele[bonp sipnaWie',as Nose Nrms aie tlefineU in appliceEk hJe�al an0lor 9aR lav5 (e�cNGinp auCq anG vitlea recorGinps),ai a lazsimik transmission ol Nis appraisai rtpotl mntlimip e wpy or repiesenduon ol my sgnaWre,the app�aisal ieport sAaA be as elle[Ibx,enb¢eable aiq valuJ as B a paper versbn ol Nis appiaisel repahwere 4eR.xietl conqininp my oiqinal�ana x+men sgnaNre. 25. Anyinrenlbnalorne8lipenlmisrepieunla�on(s)canWineEinNisappiaiseliepa�mayiesupin[rvillabilirya�oiniminalce��SincNJinB��utiwllimite0t0,bneor impmm�men�Oi bnlh untler Itie pioHSions ol Title 1B.UnikE Slates CoEe,Seclion 1001,e�sea.,ar similai sdh lews. SUVEPNSOPY�CVN�ISEP'SCEMIFICITION: Ti¢$Up¢mmryAp0�0ii[fc2NfiP5diqdA��SIIWC l. idve[ItywceNiseUNeappaiSerluiNisaDP�aaelasspnmenthavtreeENeapp�aisabepoil.a�bapieevnmMeapp�eisersanaysis,apinbns.sulemenls, concWsqns,aM tl�e aDD�aisels cenRration. 2. I acce0��II responsipiliry bi Ne conlenUO1 mis apP�aisal iepoh iricludnp,Oul nol LmileO b.Ne appeaite�sanalysis,a0��a�s,9e�emenl5,concNSpns,aM Ne appa�xfsceitiH[abon. 3. TM1ea00�ars¢iitlenufieUinNiseppieiulreportrsei0ieiamtrconlmcloioranempbyeeolNe5v0ernwryaOVraiui�arinee00raaelfrm�,is0ueliM1eEroperbrmNs appiaisai,ana is accepu�le ro peibrm Nis appmrsa�unEe�0e applicabie su�e law. E T�isappralsalreparlmmpleswitAlAeUnilmm5bn0arG5aiProkssianelAppmisalpeatliceWlweieatlop�¢tlaMpiamulpale4�yNeApP�aisal5�aiqai05Baaitlol T�!l�ppfdi9l FOMddWO anG�Adl W!(!m pl3ce d�111E time IAIS dOD�ai591 Rpotl W&S 0�¢p812� 5. II IArs apOraiul iepohwatVansm�eJ as an'ek[vonk�ecorC wnlaininp m�'ekNoni signaNre'.aslhox leims are defi�in aOVlicable htleral amLbr s0R lav5 (ezcwGiig aWio aiM vdeo recoNings),oi a lacsimik hansmissim of IM1is appraisal ieporl conuining a coQy m repiesenb0on ol my spnaNre,lAe appraisal repo�sAetl Ge as ellecure,enb¢eaek anU va�q as A a pepei veiswn al�Ais aOPraiul reponwere ae�i.xreO conpining my oipinal narA mmm srynamre. APiRNSEH SUVENNSONYIVVRMSEP(OMLYIGXEQYINED) SpnaNie �4`-^' —lEJwf�--- SgnaWre �—�� Name Stan A.Skowronek Name Steven W Barrett SRPA SRA.ASA companyName S.W.Barrott Raal Eatate 8 Aooreiaal Svea compaMName S W Barretl Real Eetals 6 Appralsal5vea CompanyAetlress 505$outh Hanovar Slreet Compe�Aae�ea 505 Soulh Henowr Stfeet Carllela PA.17013 Carllsle.PA 17013 TelepMneNUmoei 1•T17-203-6846 TekO�oneNUmner 1-717-243-8848 Emailneaiess stanakawronek@lyahoo.eom emadaaoress Steve�3WBarretteom �amalSqnamieaMRepon 03I20/I012 oareolSipremie 03/Y012012 ElkcmzDateolnppraimi 07/70/201Y S�e�eCeififiwoona GA000298L SureCerUHCanonx RL0015731 or5laleL¢enseX ai Slare Lkenu a State PA or0lner(Oewn�e) Su�e# ErpnalionDareoiCenihwlrvna�lkente OBI30/2013 s�aie PA PA Certifled Gsneral Real Eatate Appreiser EzD��aibnoaieatcenrtcationorlkenre 08/3012013 SuBJE[rvaovEerv ' PA Carliflad ReeidenHal Real Eetat�Appralser OdnolmspeclsubjetlP�opeiry AOORESSOFGROPERTYFPPRA�SEO X oainspec�eeeiuiolwEjecto�operrynomsueel R.Plpelina Road oareolmsce�� OYI10/2012 Newvllla,PA 17241 APPRAISEOVPLUEOFSU&IECTPROPEPttS 38,000 LENDEFICLIENT COMPARABLE SALE$ NamE X�OXl nol inspfclett¢tqi ol compara�k 59ks hom s0ee1 [amvanyName MartsonLawOifleea ❑�itlmsDeaemiioralmmpaia0kvksM1Oms�reet companynaaress Ten Eaat Hiph Street Da�eounspecuan Cadlale,PA 1701� EmaARtlOress . mm�ae�s�a�u cm..�.eoo zv nn.we+.e�om Ke1W� � . v.tt.rt S.W.Barrett Real EsWte 8 Appraisal Servicea •.• . .. . y `� . <? , �',.: .,, , . � �� ": 'd��'i i i 3�'�:f � � �� i� ` i� #� � � � � � -. . 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Yr T ./�"f �Ny"y- �ro ' �i� ' ..i� ' ' ' . - ' ♦ . . � ��i ,? ;.:w. {�. . :t R' ��t_ .w. �u w. • � " • . t � ' �y. ] .y r�' N ��•�t� i � � �.... '�� , . � � '� ' � .�[V�'TY � �� •.�• _ � . .ti `� . _�..�w � � ' .r 1.. a i'�'+�. ..�.. ` T ' . � �� • } �• y . « �' '' - r�v...��:�. .,^ . .. • ,• w ,,, +1.�+.��.T.,�, �j '�.^njf. < .v'�..`K1.+... .�.-., Y � �1�� .« � �y1 7 � t'4 �-.� y- :� , • �°'' .aP' n �Jr :-v. : ♦"�'• �♦ '1'R.. t0� � LOCATION M� - Bofrowerl Kenneth E.8 J.Ead KOUGH Fil2 No.: 12-0023 ProoertV Address:R.Pipeline Road CaSe No.: CiN: Newvilla State: PA Zip:17241 lendef:Martsan Law Otflces _ __ _ . _____. .____ . . . __. . . . _ .. _ _ ___ � . Manm�ilR -.. .. . I New Bloamfieh HaneyGrove.' [�nPeb:nwnQ� I� IPine Gmre Jlmttiburq li ' 6ist Watetlo�tl - �Pd o _ P P I ' � d La rville a Slq.rman+Ve�YP Y Milhowr �P II Sa. ' Blain � ;$' :3�� I �°�� 51�¢rman5 f �ye`` c I Qntn `�P- ' y ! �a� �"'� Comparable Sale 1 ,,.p . - 0obcat Rd �� o+a �„a�,,,y�,p' Carlisle,PA ll015 _ - - �� " � _n�� (7.08 milas NE) �o„pe �3 w°� • lmve�imnM'o+erwp � Schlusser , � mccrea 91os.ervitb � pb ��{�� ."__" ��P�"__. � Su6jeQ _-------=—�_"� Cadisle � R.PiPeline Road �--�... --. ."'s�ie . Hebedirg Newrille,PA 17241 � L y�""� _ � � .:�".._--_ "�� Y��~. N ille - w � .�� :�:. % � . n � Mount Rock% o pa � � � Gmen� 9 ' � �� `' lurgan . Nawburq - � �j::'' ,p*�F'` �� `n'. Oalmlk j�' Mount Holly pJ i... '. aA9' /? Dickinsan n,net� Springs klv9i �3��. - -% Gen _ ��^Twu Comparable Sale 3 E'".�� g ; �1 Et��cnron � - P^P�� i'� � � Newville,�PAa�ll241 — �<��, i " i� (9.01 miles SSE) �zl°� roiand Monqul �' �^�N+�� Comparable Sale 2 � � Means Holiow Rd �"'" Ei_ ShiDPens6urq,PA 17257 v'"°�1O"• . Furrxe $ (12.52 miles SSW) � ti� SouU+ar�plEnTwp . � �� . �idItl112l5 f /,% Wenksdlle % � � � � Aspers % em d �._�kerown H. ,rs��//�� Biglerville Are�MUVille ,��U�Cqrtµ.. CdeCOra �133� ' / yF Fayetteville ��a.� : %r� . � 9mwmalk- ' - �30t C . � ��^T�nWqAtl /. Mummashurg liwv��u':.[ . �30j ,� ' . __'l10�1:\YfE �Ai1J�.<712nliuo.::l!!'utpu(Y!iuu Mont Alfn . il rrulm Or i � � Q F��r� ,z.00za _ - - — -- _ _ _-- — — --- -- — ---... -- ---- --- � ""'*""QUALIFICATIONS'"""'"" I i (� The followin checked Items are SPECIFIC SPECIAL CONDITIONS that were IdenHfled b this a 8 y ppraiser dw(ng the � inspection of the sub�ect property,the comparablea salea,and their neighborhoods and locatlone. Unlese otharwise noletl,ths condltiona that apply to the subfect property or the compan6le salen used DO NOT AFFECT THE MARKET i VALUE OR THE FU7URE MARKETABILITY OF THE SUBJECT PROPERTY BEING APVRAISED. This ia not a homa I inspectian service. Thia is an appralsal to estimate market value. �� x_t. The su6Ject le located In a rurel area and is leas than Y5X built-up. I� i Y. Commarclalllntlustrlal uses am Ixatetl wNhln the subject'e nelghborhood. Theae uaea are typlwl of simllar I nelghborhooda. x 3. Vacant antl undevelopad land usea are lowtetl within the sub�eot's neighborhood. Thess usea a�s typical tor the area. I � 4. Tha pretlominant value In the nelghborhood Is lesa than that of the market value of the subJect property. This is I due to the very witle range of vaiue of propertiea in tha area antl auperlor quality of the suDJect proparty. 5. The subJeot p�operty ia located In a F.E.M.A.Identifled Flood Zone. Flood Insurance coveraga Is raqulred and suggested. e. Oampnesa la noteA In the basement of the aubJect. Standing or running water was not preaent on baaemant Ifloor. Thls wnditlon is canaltlered typical In dwallings ot thle styla. i _7. The sub�eot property ia aerviced by pNvate well antllor septle systema whlch la comman for ths area. I 8. TMe subJect le oltler than flve(5)yean. All mechanlcal systama including th�heating,electrical and plum6ing sYStema app�ar upon a visual e#erlor Inspection to bs in working ordar. No warrantles are impliad In this s[atement I�, 9. Repalr itams wers noted in the comments ssctlon of the report. Theee eommenta on repair Hems aro for I descriptive purDe6as only and are not rsquiraA repaln. 7he items IIStM aro cosmatic In nature. 10. The 6aaement floor b a dirt�oor. This eondNlon ia common and typleal for the area.and does not pose a health ar saiety hazard. 71. The auhJect property doea contaln functlonal obaolescanu ae nWad In the report. Thla con0ltlon Is consideretl typical and common for the area and thla style dwelling. 17. The IanE value exceeds 30°/.of total value du�to Iha high demand for vawnt lan0 In thla nelghborhood. 7hla condltlan le canelderetl common anE typical for Me nelghDOrhood. ' 13. The land valus exueda�0%of tolal value. Thia le due to the large sim of ths slte. This conditbn ia considered to ba typical a�d common. 14. Individual aAjustments wera requiretl lhat exceed 75Yo. Thaaa adJuatmenb were requlre0 Cue to lack of more similar comparables on that Intlivitlual reting. All compare6lse used are tha bast avallable. 75. Total aEJuetmenta exceetl 23%. Thls la due to th�Ixk of comparable sales that were more simllar In the subJecYS market area. All compara6les used are the beet available. x 18. One or more comDereble sales are older than siz(8)mo�the. Although there ars comparable propertles in the subjed'a aree,nona hava aold recently; therefore,sales in excese of six(8)months have to be used. All comparables used are tha beat available. � _x 17. Ona or more comparables uaed were in excass of one(1)mile from the subJecl proparty. Although thare ars compareble propertlea In lha Immediate area,none have aold recently. Therefore,it waa neceasary lo use comparabla saiae outaide of ths Immediate area. All comparahles used are localad in simflar neighborhoods and within the eame marketing area. All comparables uaed are the best avallable. _18. 7ha electrical syntem waa not connected during inspaction. _19. The water aarviw waa not connected during Inspeclion. _70. The heating syetam wes shut down during Inapactlon. _21. Rooflng_Ptumbing_Electrtcal_Heating_certiflcation(a)Islare suggeatetl. 22. Inground swimming pool_,out bullAinga_are IncluAad_,not Included_according to lendar'a gultlelines. _23. According to lentler'e guidelinea a maxlmum of_acres wera conaidered for this valuatlon. Remaining acreage waa glven no value. � � ____. . File No.13-0023 � - . _'--_ "- '___ . _ .__ ___ ___. . � """*"*"*QUALIFICATIONS"""""* _24. 7he subject propeny is located on a private road. � _]5. Wood infestation inspection is suggested. �i ! x 28. Laet recordad tleed transfar: Data_12@0/1994_,Considaratlon: S_49,571_ �, I i _27. Proposed conahuctioNrenovation in accordance to plans and speciflwtlons to be completed In a workman•like II � manner. � _28. Seller is paying part or all of closing costa. � � I — I x 19. All comparehle sales are verified closed salea. x 30. There are no speclal condittonn or other raqulremenls that would aHect market vatua or future markatabllity in the Apprelsal Report. i CHECKEO ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDEN7IFIED BY THIS APPRAISER DURING INSPECTION. I I I I �i I I I I � I � I �3 � ��e rro.,Z.��2� �_. . . .. _' '_'__ _.. __ ...._ . ... ' . '_ . _. _..._____ i I """""QUALIFICATIONS'"""**""" --- — _ ._. __ . ---- .. I I ' I Conlldentlailry anC Securlty Policy i We consider pHvacy to he fundamental to our relatlonship with cllents. We are commltteE to maintalning the conflOenllality,Intagrity and securlty of cllenta'penonal In(o�mation. internal pollcien have been Eeveloped to protect i tNe conflEentlality,whlle allowing cllent neetla to be eerveC. ' We restrict acceas to peraonal Informatlon lo authorized Indlviduale who need to know thle Informetlon to comply with � (ederel standards to protect yaur nonpublic peroonal inlormatlon. We do not dinolose thls Informatlon about you or � any former coneumere or cuetomen to anyone,eYCept ae permitted hy�aw. The lew permite us to aAaro thie informatlon with our aHlllatea. The law also permlta ue to aharo thie Informatlon wlth companlec thal pertorm marketing. i VYhen we ehare nonpublic information referred to above,lhe Intormallon Is mede avallable!or Ilmited purpoees and I under cantrolled cirtumatances. We requlre MIrC parties to comply with our atandarda fot seturity an0 conflentfality. i We do not permit use of consumer/cuetomer Informallon for any other purpose nor tlo we permit Ihird partlea to rcnt, aeil,trado or olherwlae release or dlecloee informatlon lo any other party. j Education As ot the tlate of t�la report,I andlor Steven W.8arrett,SRPA,SRA,have compiated the raqulramenis under the continuing education progrem of the Appralael Instltute. � I � � L. __ REV�1197(S�I3) � � pennsylvania SCHEDULE AU � DEPARTMEN70FREVENUE BURFAUOFINDMDUAL7AXES AGRICULTURAL USE INHER[7ANCE TA%DIVISION E X E M PTI O N S PO BOX z8o6oi HARRISBURG PA 17i2&0601 � . ESTATE OF: �acob E. Kough FILE NUMBER: z1-13-071 Use this schedule to report real estate for which you claim an exemp[ion from inheritance tAx under the"Farmland - Other" Exemption (72 P.S. § 9111(s.l)) or the "Business of Agriculture" Exemption (72 P.S. § 9111(s)). Check the box beiow next to the exemp[ion you are claiming (select only one): � Business of Agriculture Exemption ❑ Farmland - Other Exemption Complete Parts 1 and 2 of this form. Agricultural Conservation Easement; Agricultural Reserve; Agriculturel Commodity; Agricultural Use Property; or Forest Reserve (Definitions on back of form). Complete Part 1 and check the applicable category on the back of this form. Attach a written statement explaining in detail how the real estate quaiifies for the claimed exemption. In addition, if you are claiming an exemption for any structure affixed to the real estate, identify the structure and explain in detail how each structure qualifies for the claimed exemption. Structures affixed to the real estate that do not qualify for an exemption must be valued and reported on Schedule A to the Inheritance Tax Return. Please also attach all supporting documents with the written statement, including the county assessment card. Failure to provide this information may resuit in a denial of the claimed exemption or a delay in processing your return, PART 1: PROPERTY INFORMATION Property Parcel Identification Number: 30-07-0485-010 Percentage of Parcel Exempted: �00% Date of Death value under 72 P.S. § 9121: $203,750.00 Physical Location: 235 Steelstown Road Newville Cumberland S7REET ADDRESS (DO NOT REPORT P.O.BOX) CI7Y COUN7Y PART 2: OWNER(S)'S INFORMATION Provide the name and mailing address of all t2nsferees of the real estate listed above (attach additional sheets if necessary): Michael E. Kough Son OWNER NAME RELATIONSHIP TO DECEDENi OWNER NAME RELATIONSHIP 70 DECEDENT 530 Shed Road MAILING ADDRE55 MAILING ADDRE55 Newville PA 17241 CITV S7ATE 2IP CITY STATE 2IP OWNER NAME RELATIONSMIP TO DECEDENT OWNER NAME RELATIONSHIP TO DECEDENT MAILING ADDRE55 MAILING ADDRE55 CIn' STATE ZIP CITY STATE ZIP Farmland - Other Exemption Categories and Definitions: � ` If claiming the "Farmland - Other" exemption, indicate the category below the real estate identified on this form qualifies: ❑ Agricultural Commodity - Any and all plant and animal products, including Christmas trees produced in Pennsylvania for commercial purposes. ❑ Agricultural Conservation Easement - An interest in land, less than fee simple, which interest represents the right to prevent the development or improvement of a parcel for any purpose other than agricultural production. The easement may be granted by the owner of the fee simple to any third party or to the Commonwealth, to a county governing body, or to a unit of local government. It shall be granted in perpetuity as the equivalent of covenants running with the land. The exercise or failure to exercise any right granted by the easement shall not be deemed to be management or control of activities at the site for purposes of enforcement of the act of October 18, 1988 (P.L 756, No. 108), known as the "Hazardous Sites Cleanup AcY' ❑ Agricultural Reserve - Noncommerciai open space lands used for outdoor recreation or the enjoyment of scenic or natural beauty and open to the public for such use, without charge or fee, on a nondiscriminatory basis. ❑ Agricultural Use Property - Land used for the purpose of producing an agricultural commodity or devoted to and meeting the requirements and qualifications for payments or other compensation pursuant to a soil conservation program under an agreement with an agency of the federal government. ❑ Forest Reserve - Land of 10 acres or more, that is stocked by forest trees of any size and capable of producing timber or other wood products. . __ .... ...... . Business of Agriculture Exemp#ion - Annual Certification` To maintain the "Business of Agriculture" exemption, each member of the same family who has inherited real estate for which the business of agriculture exemption was claimed is required to certify to the department that the real estate still qualifies for the "Business of Agriculture Exemption" for a period of seven years beyond the decedenYs date of death. If during the seven-year post-death period the real estate ceases to be used in the business of agriculture at any point or does not generate a minimum of $2,000 of gross income in any year, the owner(s) must notify the department within 30 days of such occurrence and will be liable for inheritance tax in the amount that would have been paid on the fair market value of the real estate as of the date of the decedent's death, plus interest. The department will supply the owners with the annual certification form. � 5.W. BARRETT REAL ESTATE AN�RAISAL SERVICES ' _ _.... _..__. __ cae No.1&0025 i ____ _.. . _ ________.. _ . . ' _.___— _. _ . _ _ '_ _ ' � I i APPRAISAL OF ! I �� -_---��-�- --�-- � �---------------=-..�i��:�:...., '�,/ � - , .. -...�:"€�r i � i . �� r��>,� , � - I'' � ,,.,� �. ,., i r_� -� , ' � i �t�1y � �" Im"#1 �'� � � - I `� ] �T i inG �� I I � � �P I � I- __ _ -�- -- I LOCATED AT: � 2J5 Sleelstown Road �' Nawville,PA 77241•9804 � � I CLIENT: j Martson Law O/ficea I 7en Eaet Hig�Stroel I I Cadfale,PA 17013 I � AS OF: i I February 10,2012 � I I ' BY: ; Slan A.Skowronek I PA Certifled Resltlentiai Real Estate Appraiser I � I ...----- ---- --- ---------- -- -----------------�---- - ---�� SCh. CY, �`�rn � i� 7 S.W. BARREIT REAL ESTATE AH�RAISAL SERVICES �r✓ Fae wo.12-0025 , i _. . _ . . .. . i � I I i I I � 07I19/2012 i MaAaon Law Otficea Ten Eeet High Straet CaAlsle.PA 17017 File Number: 12-0025 • In accorUance with your request, I have appmisetl the real propeny at ]355teelstown Road Nowvllle.PA 17241-960t The purpose ot Ihis appraisal is to tlevelop an opinion of the defined value of the subject properry,as imprwed. The property rights appraised are the tee simple imerest in the sile and improvemenls. In my opinion, lAe delinetl value olthe property as ol Feoruary 10,]012 is: 5815.000 Eight Hundred Fikeen Thouaantl Dollare 7he attached repon coMains the descripiion, analysis and supporiive data ior ihe concluslons. final opinion of value, descriptiv¢ phofographs,assignment conditions and apP�opriate cenilica�ions. Reepeettully eubmitted ��` �K�Y^� • Stan A.Skowronak I PA CertifleE Reeide�tial ReOt Estate Apprafaer • � I Summary ``. Residen[ial Apprais�;, port F�QNO: iz-oozs IDe ouroos¢ol inis apv�aisal iepoil is N oiovitle ine clienl•min a«eGibk opimm�al lhe aelineJ value o1 ine wA�¢cl pmpeM�9�n me inlenGep use oi Ne appiaRal. CbemuamenmentleG usei Martson Law OHiees e�mae NIA � Ciiemaa0ress Ten Easl HI h Sireet Ci Carllsla S�aie PA Zi 17013 ; atltlnionai m�eMea user s The Inlendad Usar of thls a raisal re ort is the Client. No addiHonal inlendad Users are ermiHed without . the ermisalon of the a raiser s. imentlea uu 7�e Intentled Use Ia to evaluate ths ro e that ls the sub eet ot thla a raiaal to rovide tha Cllent with an accurata and ade uatel au ortetl o inion of value. aio i nneress 235 Staelatown Road a Newville s�aie PA L 17241-9804 awnerolpublicRecomKOU h KennBthE.6J.ESd Coun Cumharland Le aioeuri uon Dead Book 118 a s 491 " assesmrsPa¢e1a30•07•0458-010 iavveei2071. qE.Taxess3815.00 Ne neornootl uame North Newton Townahl Ma Rekrenoe 07•0458 censucTiatl 0128.00 Pio i R AISA raiseE X FeeSm k Leasehob X Omer tlescribe Asset Valuatlon Pur O5B5 M IQSQdICh �IQ XGiCrwireveala io�saksmoansleisounesu0 11021 �pIN2NlQQ d15 fpllONlEItQCIAR4d1201II115d IBISdI, vrurSakRranskr' oarc7Y120H994 arice549571 Swrces Courthauns Anaysisol0�a�sakornans2ihrsbryalMewbjecl0�ope�ry(andWmpaiaEksales.tlapO�KaEk) Na rlortronsfano(thesubaetwlthinthe a6tJB montha nor were Ihere an rlor trensfers of the com arablea within 12 months ot thalr sale date. 011eiings,opuonsaMCantrec¢azoiNeelkairetlaieollAeappiaisal NonenoteA l- HNY�0ah0alCMrstlrlqlcr dkUNtXWWqTY�Ml� OMYntlNeuNnP PnrnlLUqUMN LocaMn Urban SuWrEan X Rwal Pio VaWes IMieay X S�nbk Declinin GqICE AGE OM�Unil 30% BuAI-U Qrer]5% 7(25�i5% NMe�15% pemanb5� Slwib X In Balerce Pret Su OOp 5 2d UnM1 0% G�mM Pa k X SIaOk Sbw MerMeO Time Untlei3mlhs X 3�fimih5 6rer6mN5 80 Lvx 10 Mul&Femi 0 Po • Neqneornoon eounavies The su6 eet Ia 6ounded on the north b Staalstown Rd on tha eaet ]50 N�n 700 [ommercai 0 vc � b roub 130 on lh�eouth b Ritner nnG on the weet 0 Newbur Rtl. 730 wea. 73 oma Vae 70 w ; weqnbwhaoa ceurio�� The suh eet Is lo�ated In an area oi mixeA reaidentlal and a rleultural una whi2h is eommon to Wastern " Cumberland Coun . It la wlthin roaaoneble drivin dlstanp to ammaniHea such as echools aho in and em lo ent. Marketcar�einons(inclutllnpappanbrNeaGOVeconclusbre) SaeAHaChedAddandum D�mensions Saa la al deaed tlon pree 118.35 Aere�mll Sna Irro ular view O sn eouM 5 ikZOni Clas4fcetlon Nane known ionm Dexii wn NIA 2om Com la�rce l 1 Le alNOmm�brmi Gia�qhmeieEUSe 7( NoZOn II el Uescnpe IStl�ehqheSanEOeAUSeaIN¢wC�ectproOeMasimprovetl(oiaspmpas¢tlper0��5anaspecfitdbOnS)IAepiesenluse? % Yes �uo IINO.Gexnbe. IMIIOn Vu011c OMn tlnctlee vu01k qner aexn4e OM��iblm ra emenl�—i PobIIC vrlv�le E�nK % Watn % WNI Sveet Mepdam X Gu None sanro 5exer X Se tie ni None Sdecammm¢ The�e are no a arent adveroe easaments eneroaehmente or other advers�condition. The nub eet Is not In a FEMA s eclal flood harard area r Flootl Ma Md215830195Eldlaed 031&200B/ZOne X. GENFAK�OESCRI WUNW1710M5� . EX7EHIOi1DE5CflPTION, mebrcl9, INiER melMeb U�ib 7I Qx OneWP¢.Urel Contr¢k$Id0 C�ew15 FwnEaOOnWe115 $l0l1! FborS C! fM� " X01$NIMS Z FUIIBdYIMfiI X P311N�Bd5PIfiPM E[@lpIWd115 WOOd Wd115 Plstr'� T X DeL AM1 SAeIiEnEUnil Basemin�Aiee 420 .R RoofSUihce MG181 inm�FiniSi WOOd" X 6i59 Pro seJ UnOeiCOng. BaxmentFinish 0% GuMrsBDOrm ueGi1Ve01Htl 9aNFbm Vln ° Oe'n5 2Sto puuM¢En �EVn Sumvum winaowr WoodFrame BaNWainsmD all" Yeei Bui111900 Sbim SasMnsuWhG NO Car Sbr None Elleclrvep e vrs SD Scieens NO X DiNewn eolCars 10 p� NOn¢ H¢atin FWq X HW RaJian� Amenities WapE510M 5 k o�Newa surmce Gravel Dm S�air x 5dirs Otne� Poel OII X Fire 0ce s a 1 Fen[e Geia e a o1 Wrs Nons Fbor Scultle Coolin CenlialN�Contl�qnin PelioNeck X Vmch Cai 0 �olCaiS Nons finishetl Hea�eG InJNNUaI ONei Pool X OIAe�B21Cn AM1 Oel. BwA�in A lierces R ' ialoi J( Ran elO.en DishaaSAn pi5 sal MrcrOwa�e Washe�l r' 011�ei Eescribe � Finisliepareeabwa iaGeconlems: BROOms 3Be0iooms 1 Balhs 7784 uareFee�alGiossLM AreaAEweGrade � naeinonaiceawres Rear oreh and baleon . "An interlor Ins ealon was not srmitletl with soma of lha Inbtlor featuraa tlescrlhad b Mr.Kou h. The room count la r ths Cumberland Count Tax Aasesamant records. Commenoan me imprmemen�e qn interlor ins etlon of ths eub eePe Interior was nat armittetl thua the eandltion la eonsltleretl to bs falr baeeA aolel u on tha condltlon of the exterlor of the nub ect and a convarsatlon with Mt.Hou h. �� w , >iwuefuvro�oair.neeootvnzrw...x..erm �nirsmempwnomoswfonuom.ao.mimn.�vunvevm�.ua�p,nvn..wa :�f.r . Gayld� (QpM^IGmntlVivL��vIP�.31lA�la ADDENDUM Climl: MarlsonLawOKCes FileNO' 12-0025 PmpertyAtlEre9s: 27551ttIS1ownROaE � ry . City. New�lla Slate: PA ZiO: 172d1-960d Nelghborhood MarNet Canditlons LIaUSale ratlo ap0�oalmately 98%.I have considered relevant competlNve Iiatingn andlor contract of(eringe in lhe peAOrmence o/Ihls appralaal and In the trending Infortnation reported In this aectlon. If e trend In Indicated,I have attecheE an atldendum prorlding relevent compatltive Iintinglcontract oHering deta. Local multi•Iisl date Indicatee eta6le markel In tha past calendar year wilh no apprecletion in the aubJecte market aroe,with an averege marketing tlma oi 90•180 daye. Economic trcnAe end tending ratea have remained(evorable. Selee conceaalone are occuAng more frepuently, howaver,there la no known prevelan�e o1 unuaual seller flnancing oonceaalone or buytlowna. There are new homea under construcllon In surtoundin8 developements,ee well ee reaalen evailable In Ihe nelghborhood. Comment�on Selee CompaAeon The au6Ject hee e number of older outbulldingn with the largeet being a t6a�2 ehed,e d2s71 benk hem,a 12x48 wooden leen-to,e 12x80 ello and a 22i37 matal Ilveetock bullding. Thsee bulldinpe aro In falr to poor conditlon. Thero elno ie a�Ox40 metel ahop,a 60x84 metel ehop anA e 30x40 pala bullding. Theee bulldinpn aro In evarage to ' good condlllon. Compera6le 111 hee tewar out6uildlnps with the lerpest being a 36x7Y811veatock huilding,a]6x60 open meUl ehed anC a 40a58 hlock mechine ehed ell In fair to poor conditlon. Compereble p7 hee fewer outbuildinge with lhe largent heing a 46xfi81iveatxk building end e 20x40 pole bu�lAing In poor to averoge conditlon. Compereble A3 hen fewer outbuildinge with the lergent 6eing a 57x100 metal pole bullding and e 52z78 bank bern ell being In everage to 800d condition. The adJuetment for the outbulldingn�eflecis the number ot outbulldinge and nat tha conEltlon. P4CenEUm Pape 1 0l l Summary :s{ ResidentialApprai -, - port �,euo �zoozs FEAiURE SUB]ECi IOMPpRABLES/•LE N0.1 COMPApA9LE SALE N0.2 COMPqFABIE$ALE N0.3 235 Steelstown Road �i 205 Centerville Roatl 72 Covered Bridge Road 1481 Newhurg Road Aamess Newvllla PA 'Newville PA NewEur PA 17240 Shi ena6ur PA 17257 amnm ro Suben 1.88 miles ESE 8.33 milea WSW 8.24 mllea SW Sak Pnce S S 910 000 S 850 000 s 750 000 Sapprce�c+osslvaiea E 0.00 .n. S SSJ.S� .A. S 408.85 .M1. S 234.]8 .A. oa�a5ou�ces ExbAwlns etn Courthousa CouRhouse Courthouse Venfrcafion5om[es COU14hOYf� VqLOEAWUSTMENTS OESLRIGTION DESCPIPTION •�s<unmm DESCRIPTION •��sn��mm�n DESCRIPTION •� �� uamee 5aieorcinannnB N!A Unknown Unknown Unknawn concessrons Unknown Unknown Unknown oareo�5alertime WA• Ot105/2017 10/01/2070 1]@912011 locairon Rural Rural Rural Rural �eeuhaiwree S��m k Fee Slm Is Fee Sim le Fee Sim le Fee Sim le Si�e 118.35 Acres m/I 1]5.79 Ac mll -47 400 98.Y7 Acree m/I 700 500 88.Y4 Acree m/I 140 550 view O en count O en counl O en count O n eounl oes n S �e 2 Sto 2 Sto 2 Sto 2 Sto ar mCOnsrmaron Avera e Avera e Avera e Avero s ' acwaip 112H-Yeara 172t1-Veare 122�/•Yearn 137+!-Yeara � coaarooa Fair Arere -tU% -91000 Avar a •10% -85000 Awra e -10% -75000 .O�pVE�i�dQP iatl BJme Bab iwl 8?mf BLb IpY Blms Enb intl BAm� PN¢ � Raomcoum 8 3 7 8 3 1 5 3 1.1 -4 500 10 4 21 -T SUO : G�si- aeet 5.00 1 184 .n. 7 84A .n 1 800 2 O80 .rt. -a 740 �200 .n. -Yt 500 � aasememecmisnea Partlal Bsmt Partlal Bamt Partlal Bsmt PaAial Bamt aoomsBebwG�aee Unflnis�ed Unflnlehed UnFlnlahed Unflnlshetl cun<iionaiuor Avera a Avera s Avera e Avara e � t�e - HWINona HWINOns FWNNona EBBINona Eire� Eifcienlllems T ICdI T ICeI T IGBI T Iwl Wie iGi n Nona None 7CarGIWksh •2U DUU 1CarGlWksh -2C UUU aoirnraatiomeck Poreh/Baleon Porehes Porohea Porehss 1 Firc laca Nona 3 000 None 3 000 7 Fire I�s -5 000 Outbulltlin a Out6ullAln a 25000 Outbulltlin a 25000 Outbuildln a 23000 NNpd' mem mal X � E 108 000 7( . f 18 280 7t + S 36 510 P4N��kPike NelAdl. -11.9% Ne�AOj. 1.9% NelAtll. d.9% mcom iabks ' ' ' . Gma ' 18.SV6 S 8�1 840 Goa ' 28.3% S 888280 G� - 19.3^k s T865f0 summa atSaksCam aiisona mam Acrca e ie ad ustad at SS 000 er acre. Conditlon ad wtment coven all Im rovamanta Includin the out bulldin �.The unad usted rics ar acre ran e ia S7 434 to SB 500 with the ad ustsA rice r acre ran e baln 58 373 to f8 913. Ses Attachad AdAendum �c �.ma� .�ovewa�'� SAe Vaqre CommenM EStIMATED PEPROOUCTIONOR REPLAGEMEN(GOSTNEW OGWIONOGSITEVAIUE........ _.._ .... ........._. .-5 O . SarteM<oslEaO Oxtl4n S .FL S ..._.......=E 0 .' ali rali homcoAUrvice EAecihzda�POlcoAdata 5 .Ft S ... . ....=S 0 . CpI1IIIIP11�5011Ca9A 1o8C11 Io551rvin de¢9CdkLIaMnS,EG I¢Cid40n.eK. � Cwt A roac�deamed a oor indiwror ot value. Tha cara a�tar rc 0 .Fi s ............=s 0 • EatfmatedRemafnin EwnomfeLffe- 10Yean ro�alesnmeteorcoa�New ._...._..=5 0 Less P I Funcipnal Evle��al oe�ecatron =S 0 ce ittialed[ogol�m iovemenB............ ............ .... =3 0 'AS�iY VabE M Sile M mrEmen6..........._......... . ...... =S INOICATEDV/WEBYCOSTAPPROACH....... .. ...... =5 O INCql�VPpO\CMiOVALU ESIimBiPOMOnIh Markt�RenlS N/A %Gro55Ren�MUtli Irer NIA =5 N/A IMmalepVawe IncpmpR ioacM1 ' SummaryallncomeApproac�(incluGmO�PWrtlnrmarketrentaMGFM� NIA maknmvaue : s�ineom mwne ro�cnf815000 eoatn fONll IIENl10!E�O mcomee ro¢n�meveio ea s NIA The Markat Data Anal eia au orts m o Inlon of value(or tha sub ect. The Gost A roach waa not deemed an a ra r�ata InWCatm of vatus and therefora was noi included hereln.The Incoms A roach wae alao daamad ina ro rlats for thls , anal Is.Thsadunted ric� eracrenn slaf8371to8913-SAV-57000 718.35=SS8�4450-SAV-S8�5000. Thisappraisalismatle %'as�s,- wOjeclNmmpklionperPlansanEScenficatlonsonlMbavSataAypoNencelcontlitionNelmeimpiovemenlshaveEeC��omO�e�QO, ❑91AjM11UNlIOIIVMlIg!¢pdIROldll!lBW�SOOIflE09§50�d�yqJlM12�lL91[0110i0001Ad�1A21Pp9��501d�lCIdA0�5h8'RUPEO[01110�� ❑a�M��mlAelolbwtng: The ro a hae been a raised in current condition. Thia la for tha clienta use onl . BueE antlroacapa otwak,ueumptiana,llmitlng crntlition�entl appreien's cerGikatlon,my(q��)opinbn ol Ne daflnetl value ol Me real praperty metbtheaubiMOfmifrepoalel 875.000 aa(O�HOI2012 ,w�khieMeeMectivetlaroofthbepprusal. ��..n ., .. e,mum�srv.o+aw�weemn�nn�...�e.e�oe mn�em*Memmia�am+xi�axoo,u.s�rv+.e..ix wo�pnve..e,.e .�`. ^mtm� (9��A�I4erwuvwwxPW�nn:ow�o51�no � S.W.BarreN Real Estata 8 Apprafsal Services t'iwmo �Z_0025 Scopeot � ,ASSUmptionsantlLimrtingCantlitions Scope of wnk is tlefinetl m I�e Unibrm SUndartls ol Prokssional Fpprei5ai Frac4ce as"[�e rypa antl ex�ent of r¢search anU analyxs in an assignmen[."In snort,scope otwork is simpN�+'hatMe appraiser Jitl an0 tli0 notEODUring Oie course M Ne azsignment tl mclutlee,Out is nal limi[eE[a:��e ez[en[W which Ne pmperry is identtlietl antl inspecteQ t�¢type y�tl exlentoitlah researGheQ t�e rype antl esRnto�analyses applie0 f03lliv¢dlOpllliqlf IXCOIIC�IlSi0119. The scape ot t�is appraisal anE ensuing Ciscwsian in this repMare epecifw NMe neeGe ol Me clienq otl�er itlen6fietl inMnaeE users anE N II�e inttnEetl use oiihe report.T�ie reportwas P�eparetlfw tl�e sWe anE esclusive use ol Me<IientanE Wher idenfiTiOtl inhntletl usen tw Ihe itlenuM1eE intmEetl u5e antl Ib useEy any oMer parties is prohibileE.T�e appraieer�s not respanvple fw unaulM1wized use oiMe report The appraisefs ceruficefiM appearing in��ia appraisal repMis su0jec[ro tlie bllaving contliUOns mE rosuch oNer specific canEi4ons as art setio�UEytheappmixrinMerepwt altenpaa0imrya�eumplionsand�ypolbetlWCOntlMonsuesdtetlinMereporlantlmighf�aveatlectetlihe assignmen(resullf. 1 i�eap0��5eiaswmesnorespons�tlirylmma�leiSnlaiegaliaWmatlecU�Nepmpe�ryapqa¢eUaiOkAS�eio,��fo¢51�eapp+annren�eianyopmrona5tomeuAe,wN��is as'sume�lo be pootl ana maike�a0le.ihe praVe�ry�s appiaiutl as Noug�vndenespons0k awners�ip, 2.My SkPICb ill IhiS�6p�1�mdy SIIOW 000�OXII1181C tli1�12pL0�5 dllU IS�IICIUQC�011�y IO d5L9�hC fP64E1 Ip VI WdIR�1191110 plOpQf[y.ihp dpy[942[lIdS11G1�Q rt0 41ryQy Ol lh¢O�Upylly 1 I�e appinisei is no�ieqwieU to grve IesUmony or appeai�n courl because oi hamng maGe Ihe appraiwl vntA ieleiance la Ne O�opeM�^quevion,unkssarrrngemenis�ave been pmmousry made merem. . e ryeil�eiall,noranypailoim¢contenlol0�smpotl,mpyoia�herme4iaNe�ealQnclvOingcondusonsasto��epmpeiryvalue.Ne�tlenliryollAeapOraise�.pmlessronaltlesx�nMionS. oi Ihe hrm vnih viA¢�Ipe appiaisens mnnmhtl�,sAall Oe use0loi any pwposes by anyone�m Ne clrem a�oNer mten0ed useis as i0enlilie�m Nis report,nar s�alt u be mmeyea by anyJne to��e puplp I��ough a4ve�li5n1g,4u01r teldlans,nevrs,Ltks,o�at�e�rt�etlH.wi01Wtl Ilm w�+ikn ro05EM oflbe app�a�5e�. i IM1eaOp�aiseivnllnN4is�bse�hemnlen�sal�hisapO�awliepotlunless�equrte�0yap01eabklawora5spenliedml�eUnAOrmStanEaiJSOlPiofessmnalAp0�ai5alPraclrte. fi.Inta�matnn.ea�maRS,aatl oD��sIDm�she0�o Rre appmix�,an�con�ameJ in me reDarl,nxie oLtaine0 bom sowces[onsitlereJ reliaple and believea ro Ue vue ana mirea. Movre�xc no�esponsbiliry loi aama�y ol mcA i�ems Nmis�eJ N I�e appraisei is asmmeJ hy me a00�aisei. ]. IDe ap0�aisei aswmes mal theie are no hbtlen or unapqare�l canauronsot 14e qro{ttM.wOwO.oi Awc9re5,rMk�wwk ienOn tl rtme o�ieuvaluatle.IDe apPiaisei assumes noteSponAOihrylo�wcll[anQilians,nrlolengmeenngo�leSLng,whRhmightbPrepune0loUiswvelSUCAldclors. inisapO�aiWl�sno[anenvilanmenmlasSPSSmenlolllleproperryan4 50auM no10e mnstleieU as wc�. H.iM1edppiai5¢rspecializesinihevaluaWnofiealpiopP�ryaMiSnolaAOmP�nSpe[IOCbmWing[onha[lol.s9u[Wr2lengineeiAlvmiWiexpP4unIe5541iM�w�S¢no1P�. itreaOP�aiSee dw�o�ronQUCllnemlensrrerypeolheltloEServa�i0nso�NPkmam2n�edloseeMantldacaverpioperlyGeMc6. i�evremngolNepmPeiryendanyrmp�wemenlS�slprDwposesol tlevelaping an o0inpn ol�Ae pehne0 value aI lAe O�operry,grven ihe m2�Me0 u5e a�I�is essp�ment Sta@mentsiega�Nng ca�MUwn a�e 6asetl on sxRCe a�ServMr�nSonM-TRe aOP�aiser claims no specal ex0e��egartling��es m<luding,bul noi limiled ro.IounUalun setllement�95emenl moalwe prablems.wm�tle5lrayinp(0�olher)insecis,De��statian. ia0on gas,leae�ase0 pam(mo10 or enWronm¢nlal isves.Ilnless oe�en:ise mJicaRO,meo�anirsl rystem5 xeie nol aqrvaled oi lesred. ipisappiaWliep0i13bWtlnN�eusPdlo�isb5¢IhecoMtli0nulNepropeiryasilielaleslo111e0�eiericelaLUnceolEChv.tt. iheclienl�SinvAeJa�bencourdgetlloempbyqualiM1ee erpens�omsce��anJaeeressaieasolmnam.ilne8atrrecontlitqnsa�e0iscm2ieJ.IlreopinianalvabemayOeaAea�eO. Unless otlMrxiae naletl,lhe ippraiur uwmei lM canponenbMatcrostiNleNa suEjectO�oPerty imprwemenq�7 ere�untlam<nWy awntl anG in wpking waer. Fnyvrewingo�tAeO�opeirytryiAeappiai5eiwasbmne4Wreatliryopservabkareas UnkssatAemisenore0.ancsa00uawlspaceareair.e�enataccesmA TM1eapw��abnotmae Nmimie,iboi covenngs oi oihenlems��a�may iesumi me vkvnng ot Ihe pmceM� 9 PpPraiSalsimoNmghy[qAletCalcon4ilions�elaletllocompleAano�nNVwnSbuclron,iepdrtsofaXeraW�aie�aSC4onI�ea55llmpMn1Aa15u[�complelmn.alleialwnortepansvnll oe ca�werentry pntoimea. 30.Unlessi�einRntleJUUOI1n�sappraisalspecA[altyincNtlesixwesofpropeMinmranvecwe�aAe.NisappieisalshoubirolEeusetlbiwc�pmpotes.ReO��unana� Repla[¢menl cosl figwe5 usPd i(I l�e[OLaqptOdcM1 d!¢IW vdlualwn OwpoS¢5 w11y,gvelllt�e mlen�¢OU5¢M tlre TSSgmm¢M.i�e p¢M1IIYtion plValu¢u5e0�n Il�is a55gnme111 is unlik¢�y lo pe mn99en�wn��he tleM1nNOn ol�nwiable Value lor O�opeM insutanre cavnageNSe. 11.T�e AC�Gene�dl Purywe Appraisal qeport(GVAR'•J is nd intenEeO tar we in 4anaac0'bns Mahequue aFannk AYel0UC1ired71H/ac TOtam, aleoknewn aa Ilie Unibrm Reaitlentlal�ppraiaL Reporl(UR�R). Rtlditionel Commenls RelafetlTO Scape OI Work,Ps�umptlana anE LimiM�9��dlt»nn None wnqnCir!weMO))�EI}�y�Krv.M�mn I�narmCml�pma.WSAi�µirvnevnpifVtlanrt•.mcninM Y��AUI�`�-'.M ..p�,. ��.� ��,w= �a�.w.��o,.�a.�.,r�,A� �� aM,�� i nc Na 12-U025 Appraise rtification The apprars¢rp�cerulies iha�.to��e bes�M Me app�aiseYS knauAedge aMheliel; 1. I ha tu��emn��ol I.�ticonlained in Ihis twpotl ere Ime an�mrrecl 2 theiepoqeJ.melyy,zopuwls.uulcmkWSansa�etnm�edonNW�he�epoiro�axumphonsantlbmilingcontlilwnsandarp�M1eappmiseiSpeiwnal,nnpenrdlantlonbiase� � omlessional analyses,upinians,anA mnclusmns. . 3 UnlrSSot�rlwaeqalCtl.I�edpprqisCrhasnopiesenloiptosperinernte<,4t�tM0�opetry@abslpewb�eclMlhisiepoiPa�ttlhaznopersonafmleie51wi1hR5yttitiolTPpd�ties �nwMrd. 4. fheupPiAisei�atna�mswn�respecnO��cOropei7ih��rsihesu�Ie��oliAiS�epai�ariolM1epaNasmvoNedwi�M1ihrsossWnmeut. 5.itie appiaisei s enqa9emem m t0is assgnmen�wns no�mnlingenl upon tlevebping oi mpoNng pietle�eiminetl resulls. 6 ihCOpO�eiWr'scompencnimnloicom0�eunqNisass'ignmenUSmtu�aungeotuponlhetle�ebpmeMOiiepotlingo�ap�e4e�ermine�IValueortluetlaninvaWelhaiMwis�Aecauseat �ne clienl.IAC amounl�I lhe value apimon.ihe anainmen�ol T sUpulaleo iewlt,oi IAe occurrence ol a Su�se0uenl Nenl tlneQfy telal¢tl lo�ne iniendetl use ol Ihis apprdisal. � tAeappidisefsanalyseso0imons,anOCancN5an5neieDevelopeU,analAisreparlhaSGeenprepaietl,muoNo�maywpplheWAamSta�ula�dsolPtotP,sxwnalApqeisafPmr.iice. 8.UnlesSOi�eiwisenoleO.IMapP�aiSer�asmadenpermnalinspealiono11Ae0�opeM�nT�isNemb�enol�M1isrepon 9.Unless noteA below,no one pmv�0e11 signiACenl mal piopeiM a4P�aLsatflms�aM1ce b R�¢appa¢e�sqmt�,p tlrs cenMCetron S�pntlrcan�ieel pmpeiryaYO�eisal assrs�enw V�oviaetl Uy AEEiOOnal C¢rtiflw[iona: None Oefini6onWyalue: �M1LrMttValve �OlherVLuE: Samce ol oeiini�wn:USPAP .. 7he most probable price in terms of monay which a praperty should bNng in competltive anA open market under all conditions requisite to a fair safe,the buyer and seller,each acting prutlently,knowledgeably and assuming the price is not affectatl by undue stimulus. N�OFE55 OF iNE PROFERTV nPPRaISED. 215 Steelstown Road Newville PA 17247-9604 EFFECiIVE0ATE0FiHEAPGRA�SAI FB6fOdtV�0,207Y AvpFnISF.O VnW E OF THE SUBJECi PROaERTY E 815.000 APVqAISER SUFERVISORYqPVRaISER Signawe: �y•�{,Vf71{ SignaNre. � �� Name: SGn A.Skowronek a � uame� Steven W.Barrett,SRPA.SRA.ASA � SuieCenihca�ionn RL001572L Su�eCeriiMatiuna GA000298L ar l¢ense w or lcense a —��— ar0iner�aescri�e�� S�aien� S�a�e' PA 5ute: pA ExprtaeonDaleolCeni�aiionor�icense�. O6/30/2073 Expuau.nnoaieolCeiutKy,wnoilcense 061301201� �a�ealSignamie: 03N9/207{ J-- oate ol5ignaWre an0 PeOOiP. 03H 9/201$ q�1¢oi Pioperty V�ewing: 02/2012012 oa2 oi PmOerry viewnp�. 01/70(2U12 p¢9iee M p�oPeM vrtw+�g. Degreeo�propeirynewing: �m�eipran4Eirterbr ❑E+tenoi0nry ❑oi4nolDermnalyview ❑X In�enoianOEneipr �Ex2iroi0nN ❑DiJnolpeisOnaltymew _:��.,. �.d��M�np.�,�.�,�,,,,.�..o�,�om M,b.m �� ,��, ��,�e.,,mu,�..mrs. Nm:�� _M. vWOxdl �o�la�nn°If�mroriqum.ppmmi�µ��Li%e � S.W.Barrett Real Esfate 8 Appreisal Servicea FIOORPLA Client: MarisYfi Law Offices File No.: 12-0025 Property Atldre55:235 Steelstown Road Case No.: Ci�y: Nawville State: PA 2ip: 172d1•9804 _ _. . _ .. _ _ _ . _ _.. _ . _... .___ __ _ . ._ ... . . ... ___.. � � i I I I I f I i I '.'.Potch'.'.' �,a .'.BalCOrty.`.'. �a � P� P� �� I � i . � � S4nNpnp�MUV^ I � _� _ �_.�.... ._ _ ._____ . . � . i Commems: _'_----_—'_' � � AREA CALCULATiONS SUMMARY I.IViNG AREA BREAKDOWN coe. o.unpno� wesn. �raw e,.aeo.m s�e�ar. I 4LA1 !ls/C llooi 940.0 HiiC llooL [irq lloos 840.0 SB.O 30.0 J60.0 � BQtovy Bf.O 1J61.0 35.0 3].0 1BG.0 � P/P Porep 81.0 B{.0 18.0 30�0 360.0 I 35.0 x R.0 480.0 � Belcony i 6.0 x 14.0 84.0 I 1 I 1 I ; � Net LIVABLE Area (rounded) 7764 5 Items (rounded) 1764 � �___—._� _._'_—__.___ .________..._ _._. _._----_�__ I SUB3ECTPROPERTYPHO70ADDEN�UM I C�ient Mans w Otficee File No. 12-0025 ..—._— _.�__.. ..._____. _ __ ___�_ ._� _ - ._ . _ + Propet�y Addr Steelstown Road CaSe No: ___,____ _ � CiN: Newville --- - ` -----� ----�- a�e PA ZiP 17241 \ ` �. l .. �- „" ,% - . �' -� 4 FRONTVIEWOF i f , 4-�� + � �, i SUBJECTPROPERTY }Y �1�` f ' '' � � . � Appraised Date:Feeruary�0,2at2 t , � �.-_ �µ � appraisedValue:8 I �, . �c. ?'�h, . . . �!I . i� s . \;' �.'.� T . � � � y .i.u. ly_f � l.. ' . i ' � �. I. y �_ C� �� _ _ . . . . ._._ ___ . ._... _ .. _ .. ... � I REARVIEWOF r SUBJECTPROPERTV � I 'i �.v'. �. .:�' .,;. � �.. -.. ^^,.�. : r�: j �"' � � � � �/� " � STREET SCENE �. ._ _ � � , ':i��' ;�v; f �. -� ` w ��{ _ 7 , \ ,i' - I`. y,! � . �: { �'. I�� f' r�� f? ' I° li � � �, , . � : _ ... : . . „ ;�" - r�. __... _ w #��__ ' e ��i `� . 7.: '��/V; •3 ' •.�-_."i''.� . ,i . � .� i 3�" ��1`i �� • �_, ��.�il A '� ' � ^ ....- 4 C� ' , . .� � � ,�� - _ � . � .f•, "'"'"��.� � .��;-- - — r . � � : �, " � � �• ,:,� ° , .. ��y� � °'�,�:t; '�,�^,�`��: � '. '' � � -e:.'S K �r�, - �� ?y.r��g_+ �.c; � =r+'��1.�`��^�'""].---�'k � :..j- i.� ;:_ . - • - _ —_� ' ' �='��E:` �-{j; ::--�4: �. , � - a� ---� : i �---� ; ' � j 4 - - ^t _ y� �' ��.' 't (- �1y 11+ W�1 •l:Yit Q. �N � y �� 1([^+'6�.+a�+t•�'�.as� 'WLP��r��..�i+i.rt1��.-�..�w.� y . �.t� �� ' � , Q :1 �'� �.w_ ^�� 1 - �( `w ±, �� .' �. .!: ......:".� r—.s...,. �` — � " �.�.+rw�ri •��rw. $��'�=r Y ",'� � .��y�y�J� �n4� � . 3 Y / ..:T..�ya�'� T ti � �J'� � �-•+L.r.y "i;;F �.`f��r•.r. _ C6ent Maris w Offices Fde No: �2-0025 Propetly Atldr�S Steelstown_Road _ ,, - Case No - ___ ___ _— ___ _—_ . _. _ —_ ._ . —____ __—___ Qry: Newville alE PA Zlp 17241 � � I � � �� I i`�!,. I i ' � � I i i i�l��. � \ . �u. � mm'.,. i .. . . m, ,. r.,�:+:�._ r'kw:eS7:. ( . . , ,_ . . . . . ,,. . I * . ,y � , . ':, r',.�,',`.: � -{-� �"}'1Y ,i I J �', . '�; � � ''�� h:; � �� i ; � :i, r � � ' £�� I. � ;+� � �� -,r„' � . il + � 'i —� �: '� } f�, � 'e � s . , . ... - -.t.;. :,.�.,.. rf:i- � ' .. . .. ' �� . I i+ _ Y ✓-. . . t.. , ..� ., , W A I I i � i�,. ` �,�� b. r�:,� .,,'�'�;�",��„. ;, �I �� 'i�� IIII I iill' �I' I i � — i;�v.,�.� .h-..'... �,;`.'-` �. , - �.��m�w�.�,n,��,M...o.�,� � ,,,�.,F Client Marts wORices FdeNO.' 72-0025 PmQe�ry Addc�S Steelstown Road � CaSe NO.. __ CiiV' NewvJle � - --� -� - -' —�—�_ —�� o ale: PA ZiP: 772/1 -. � i ^,.r.,__ . ..':�" � i � �.�. _ .�% I 5 �I �wl I ' � y��//j �� II' ��f1 y'I MI� t � � � � T ,� _ �^�C..y�..t��r�r ..Gta...�.. I 'l II \� `�; �� ''4• ( - ..i�, - • '� ;'� ,. R ' ` i, 4 I J ��,y , �� ; . _ ��. � Q I'�_�'� � �, �'}.;',, I` d{� - � A. � l O p ��f7 tl: . � ��: � .. .._ x �+' <�';rr�p� , � ' '�r'� �� ''i , '• '� ir •" � `k"�' •ir ' . 1>iY�� . ,`�Y� � t �;� � .,A`�' Y`a ..� .. , , r ��[ v 'Q`tt f.M, i�f. 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S. , ".� �� a� ��. !�'.:�. '� ,rw � .s44 ,`� "C . _ ' � Y � .� � .I' s1 t' ,,"� ' '`� � � � w� ��p� , � ;�.�. . f �{. 1�1�,(.k�,Yy �' �y't ' iti'�l_u np, �"il ��tl l��W j {� ' & y:j�f i � �� . ��/ .'� .� �:t � �1;�{ �;.�;� ` 1 �. ;/ %� ''}�' r, '�'��"►3 °��'ti �'i '. �� . 1 ` f , �'. ��,�r; ��v.�.', ,J:� !r r '� y ` t .�S.r��, �� +,��'t�i±' "€.#i''�A �' u , i �t A� # .��,�!-{� � . � � �� ' a, i� s ...� 1� ;i��)�",��',•��y, ,�*F �.,�?�r.. �,;.�� r� � � ��"f. . �i..i't'�`�� _'»''"'�._'-,{==� w r�,. 3 �"�.'1a.�� +�t: ; «�,tiN . µ �� E.��ur .w',�! l��l^l�d'iyTyF�y" 1.:- ' '� ,f t q '11 � y�,i.. `�„"' �'1. . (y5, '!'ad ` 'y�I :i1" ,Yi�� f IY:'� { ? ' �.. . �� D� '� '+-� Q �. 1 ' � ` y � i� ��f�'� i i� � �r � ��-�/{^�/?Zt ^ , Y �i 1 ��y� 3y�� 1^ b,r' .Sl .�� .� � � 6� �t��• 6.� �� . � a r � t 1 . �' F �i' �� . �+��., ' ��. �� ,;1+ � '.�"a t �� -'M•"�r� �j ' { `� '+!I tr.C.��x,�'�'�� r �YL �+� �r R . `j��; 1 >.' .�.. ' ~ + �3 ` 'a'44� YC'i �+#ti ��1�2.{ t �f�j!, ' r �` '.'•�� .,. t ��s ,I4 ;lf' ;47�4� , �.F�.ti:�-.r.c ,� 5`' } 8 'j � ` , ' 3 �x{�� 1� � � a� ��- � jr .,r .�d S;�t ��°+ � � ` � � � f�.y, a ^ / '� � w, .n '�x� . � rr �i � ,/�� ; {{ ✓ R h °"V �.;, } I �,, ,� :! Y��`� �� ,� ` ,�a i�,��r •'h:,�.—�.� �� e .�ny'.'� � �'=� fi:_ � ��:;� r-� ±.� . � �, " ' :_ . ;�.� , :� ��i ..:w�.',"ai: .�' . '� Z fti `.�r�Y��'.�•::a� .'.;+.� f�....- :...�. _. F�.� x � h IOCATION M Client Ma �� Law OHices File No.: 12-0025 Property Atldress:235 Steeisawn_Road _ � � � Case No.: Ci : Newville State: PA ti :17241-9604 II :JVI1::i11.(f laJf� I � I ' Il �I 3'� 7.� 1�� f1 . , �!CCfCd Gi�f)CYY�iIu � 4.M'��Q 4A{ I � 99i � � !� .l� I 9 9 F YpKC.��. .— � - _ . I y lva� ^ Hcbc%linq `h,F . SubjeC[ o�`P � �� µ=��a ,.-:k%'-� 2355teels[ownRd �� . _ ,__ ..- q' Newville, PA 17241 j `- i.-:-.-., ,. _�,: .- " 9 6q � __" " \�, i lvamo?�P�"�� .'� v"',�°��u° NewVillf , ennsY , � e ° -Y. I , «:� �, � Compara6le Sale 2 �+*aa s33 ' 72 Covared Bridge Rd c'� Comparahle Sale 1 Newhura,PA 17240 �`°t � » (6,33 miles WSW) Gieen imin 205 CenCerville Pd �I a � �JewvillP, PA 17241 ��v� �/ y�' (1.88 miles ESE) I µt� � Newhurg � r�' 's O�kville � y`Y I R. Comparable Sale 3 ,v"p <�"¢ �y' 1481 Newbu�9 Rd �'4.,. � � I Shippenshurg,PA ll29 ° �'"oo S!ouyl�>m�.vn � ,oia; �9�4milessW) 3' - � . . 't�n.4) / 1� ' tNalo�h& � Walnut eottom I411JJIe I SV nn9 . • ..�� . m 0.A a� � W¢cU`�lN � f �_ I I ^ P� b1 ys IP.r.t�:w . , 1 '^�r Shippens6ur9 c�,e:u�ui . lmnrwa� I ifuNlLn' ��g i� � � i""e � °v �`�� 696 ♦'N � � Sautl�m•+ytun Twy <`� i I � ' . . . '.'dd . ._ . ' . . � ii ''`q,.��t 5.5�r(les — l L i i I I Gien[ Ma n Law OHicea File No._12-0025 Pmperl�AUtlresi 275 Steeletown Road_ Case No,: — Cil : Newville Sfate: PA Zi :172t1•960A f � -� - .�+,,,, � � I� :., . , 'A��` \ -4 i a � � s> r;`:•'� , . ' sr° � �, a i E�� / � . \ � �4•i -}j.�,�t� d,.ad � i � `\ ,�'T yR�� .- _ =��'.� .��1, I .� �� +. ` .r� .r . :c� �= T' 1 t'.Nia�v t«��- L. w: .,u� �iY �t j'r ^,'��1 ri .a I V. ♦ ♦ - .i�' �� 1 ` �'� . .�. . � F.. .i. y �. �A, ' ' �'1 � - �yi � ' � � �"F'" NI } J �.. ' Y.w I �i . .�� > .�l ,;f:.�i-3' . �»..�' � , ..;�.# .� � p,, a i _��",�;-1.,1� � e i � }F � . p#� R> I I t� ' � I ' Subject "R� � i � ! 235 Steelstown Road a � Q�' � � Newville, PA 17241-9604 � �"� � I f I I 5tc��Y a006 I L�� II �P T t� i O � � i 1 ��y� � f��'~ � i A�� 9 vin7` I ' -- -- ��°�y �w ? 1 � �9 n.c� e.. � 'v � � y� •d!R"'_ i I � 3��m � �>� �Mt3eT'�F`A RrFOadAr�N J� rae` I ,, 357 Fry� ��^Q.s, ��y�� r�J" C ' �s w Q ! � I P� � � � $ � ♦ as . � FloodMap Log�nd Flood lntormation Commurl.y.-02'S87-7t![tNOk.NIP O�CUk6ERLldJC � F�O�Zanet Pralcrty IS ro:ir a F[NA spoGid flpW�Y'aT ofoa a�n+vnw�aM59oywrrooW�p NepN�urMr47'AY7G7�5F. �IxPl:aiw�u:3:i�i::n9 Parel 6I�E F��S 42011 u�nN�woriMt00.rq500.y�w�ooqVn Zunn % � •1� �•��N�e[ry�06y��rMmhg 1 �y,� N��hr�n�EAY'O�1M�rMean9wEn.wstllyM�N � �� F'OVQnryaf��5 ....ttin•r.n�nru�rr.� MnlPU.r, Grr'MbJ.wul l�_I.... .V':lun:r..^y 1 I � �'OeOnly�l/liM�v�lp[1yMIMd flDI1VII:A:10'ft(Nllll�.lp�'Oin�Lpmpp':��IM4M1'l�I.ACCJIMYi' compvHn��t d•1ns'ooc u[o.b:.ain em oarinty�l m�•:°.n:a•ili'�^i Mr��NVM�ihnMr00NNfL0YfeeElwarOi 1!re_>.I.na�i.ub�. .nyy..,� ...��r�1112inw�rl...u.�..#�:rY �r.. 1ME I�pOf.fMll IliM1i MlrYl.'AYy;p a�y M1�]PBrN(.l.�n: Sn tl�itNUY.rt i 4�e1M+M9rEMMy0uN111�afqrl M�11-0Et�M� � � rile No.12-0025 I '""""'""QUALIFICATIONS"'"*""*" I , The following checketl items are SPECIFIC SPECIAL CONDITIONS[hat were identifled by tMe appraiser during the I inspection of Me subject property,the companbtea sales,anC thair neighborhoode and locations. Unless otherxise j notetl,the canditlons that apply to the subJact property or the compareble salea used DO NOT AFFECT THE MARKET � VALUE OR THE FUTURE MARKETABILIiY OF THE SUBJECT PROPERTY BEING APPRAISED. 7hia is not a home j � inspection service. Thie is an appnisal to estimate market value. i _x_7. The subject ia located in a rurel area antl is leaa Nan 45%built-up. I �I2. Commercialllndustrial uses are located within tha sub�ecYs neighborhood. Theae uses are typical of similar I neighborhooEa i x_3. Vacant and undevelopetl land uaes are located within Ne subject's neighborhood. These uses ara rypical far the area. I a_4. The predominant value in t�e neighbor0ood is lesa than that p(the market value o(the sub�ect property. Tbia l is tlue to the very wide range of value of propertiee in the area and superior quality of the subJect property. I _5. 7he aubject proparry ia located In a F.E.M.A.ItlentiRetl Flood 2one. Flood insurance coveroge ia required and Isuggested. , I 6. Dampneas Ia note0 in the basement of the aubject StanAing or running water was not preaent on baaement �I floor. This conditlon ia considaretl typical in tlwellings ol thia atyle. z_7. The sub�eet property ia serviced by private well andlor aeptic nystems which is common for the area. x 8. The sub�ect is oltler than five�5)yeara. All mechanical systema including the heating,electrical anA plumbing I systems appear upon a viaual e:teAor irepecUon to be In working order. No warranties are implied in this sbtement 9. Repair iteme were nofed in the commenta eection ot Ma repoR These commenta on repair items are for i descriptive purposes only and are�at required repain. The itema liated are cosmetic in nature. 70. The basement Iloor ia a dirt floor. This conditfon ia comman and typical tor the area.and dces not pose a I health or safety haur0. ' I 77. The auEject properry tloea contain tunotlonal obeolescence as noteA in tha repoR. Thls contlitlon is considereE rypical and cammon for the area anA thle style Awelling. I _1Y. 7�e land value exceetls JO°h of tolal value due to Me high tlemand for vacant land in this neighborhood. 7hie i condition la conaidered common and typical for the neighborhood. _x 1J. The land val�a exceede�0%of tofal value. Thia ia tlue to the large aize of Ne site. This conAiNon ia consideretl to be rypical and common. _t4. Intllvidual atl�ustments were required that exteed 75Y.. Theae adjus6nents were required dus to lack of mora similar comparablea on Nat intlivitlual rating. All comparablee uaetl are the beat available. z_75. Tofal adjustmenb exceed 25°b. 7his is due to Uro lack of comparable salea that were mare similar in Ihe � subjecPa market area. All comparablee usetl are the beat available. I I _x_78. One ar more companble aalea are oltler than eix�8)monthe. Although Ihera are compan6le propertiea in the IsuCjectS area,none have aoltl recently; therefore,ealee in exceas of siz�6)monNe hava to be used. All wmpare6les � useC are the beat available. i : 77. One or more companblea uaetl were in exceas of one(1)mile Imm tha subject property. Althoug�Mere are I compara6le propertiea in t�e immetliate area,none have sold reeently. Therefore,it was naceasary to uae compare6le I salea outsiAe o(the immedlate area. All comparablea used are located in similar neighborhooda antl within the same markeBng area. All comparablea useU are the beet available. � i _78. The electriwl system was not connecteA during inspectlon. i i _19. The water service waa not connecMd during inepecGOn. i i _20. 7�e heatinq syatem waa ahut down Auring inapectioa � I _21. RooMg_Plumbing_ElectAcal_HeaUng_certificatlon�s)lalare auggeatetl. i I _27. Inground swimming pool_,out builtlinge_are included_,not included_according to lender s guiAelines. �I 27. AccarOing to IendeYS guidellnea a mazimum of_acres were conaidered for this valuation. Remaining I acreage was given no value. . . . _ . ._ __ .. _.. ..._. _.. _. i __ .. __. _. _. _ � � riie No 12-0025 i "'�""*"""QUALIFICAT�ONS*"""'""*' ; I � _24, �he subject propeAy is lowted on a private road. i �25. Wood intestation inapection ie suggested. { i _z_26. Last recoMeA deetl tronsfer: Date 1&20H990�Coneidention:S_49.517 I i _27. Proposed constructionlrenovation in accordanca to plana and speciflcatioro to be completeA in a workman-like � manner. I _28. Seller Is paying part or all ot cloaing costa. I z_29. All comparable salea are verifled closed sales. �I { � x 30. There are no special conditiona or other requiremenb that woultl aRect markel valua or future markeGb�lity in Ma Appreisal Report. _31. AMC fee was required in ordet to accept thia appniaal requeat � . ` I I i i i I � � i � . I I � il i 1 I � � I I � �i � I I �� , , � . � � F�ieNO iz-oozs ""'""""'QUALIFICATIONS"*""'""" � IConfidentialiry and Security Policy . �I IWe consider privacy to be fundamenGl to our relationship.with clienb. We are committetl to mainWining the f iconfidentiality,integriry and security of clienU'personal information. Internal poticles have been Aeveloped to protect I this confitlentiality,while allowing client needa to be served. � We restrict access to personal infortnation to authorized intlividuala who neetl to know this information to comply with I fedenl stantlarda to protact your nonpubiic personal informaUon. We do not diacloee thia infortnation about you or I any tormer consumers or cuatomera to anyone,axcept aa permittetl by law. The law permits us to share this I information with o�r aKllates. The law also permib ua to ahare thla in(ormadon with companies that pertorm Imarketing. i When we share nonpublic Informatlon re(erred to above,the informadon is made availaUle for limitad purposes anA i untler controlled circumshncea. We requlre thirtl partiee to comply with our sWndarde tor securiry and confientiality. � We tlo not permit use o(conaumedcuatomer informapon for any oNer purpoae nor do we permit third partiea to renq I sell,tnde or otherwise releaae or discloae InformaHon to any other parry. I Educallon As of the tlate ol thia report,I and/or Staven W.Barratt,SRPA,SRA,ASA have completed the requirements under the continuing edu�ation prognm ot the Appraiaal ina6tute antl the American Society of Appreisers. 1 . I I I I l � � . I � � I . i I . .. _ . _. ___. . _ .. __. .. _ . . _ _.. j 0.EV-119](5�13) � pennsylvania SCHEDULE AU OEPARTMENTOFREVENUE BUNFAUOFINDIVIDUALTA%ES AGRICULTURAL USE INHERITANCE TN(DMSION E X E M PTI O N S PO 80X z8o6oi HARRISBURG PA 1yi28-0601 � ESTATE OF: �acob E. Kough FILE NUMBER• 2�-�3-071 Use this schedule to report real estate for which you claim an exemption from inheritance tax under the "Farmland - Other" Exemption (72 P.S. § 9111(s.i)) or the "Business of Agriculture" Exemption (72 P.S. y 9111(s)). Check the box below next to the exemption you are claiming (select only one): � Business of Agriculture Exemption ❑ Farmland - Other Exemption Complete Parts 1 and 2 of this form. Agricultural Conservation Easement; Agricultural Reserve; Agricultural Commodity; Agricultural Use Property; or Forest Reserve (Definitions on back of form). Complete Part 1 and check the appiicable category on the back of this form. Attach a written statement explaining in detail how the real estate qualifies for the claimed exemption. in addition, if you are claiming an exemption for any structure affixed to the real estate, identify the structure and explain in detail how each structure qualifies for the claimed exemption. Structures affixed to the real estate that do not qualify for an exemption must be valued and reported on Schedule A to the Inheritance Tax Return. Please also attach all supporting documents with the written statement, including the county assessment card. Failure to provide this information may resuit in a denial of [he claimed exemption or a delay in processing your return. PART 1: PROPERTY INPORMATION Property Parcel ]dentification Number: 30-08-0591-002B Percentage of Parcel Exempted: 100% Date of Death value under 72 P.S. § 9121: $198��50.00 Physical Location: 195 Green Spring Road Newville Cumberland STREET ADDRE55(DO NOT REPONT P.O. BO%) CITY COUN7Y PART 2: OWNER(S)'S INFORMATION ' Provide the name and mailing address of all transferees of the real estate listed above (attach additional sheets if necessary): Michael E. Kough Son OWNER NAME RELATIONSHIP 70 DECEDENT OWNER NAME RELATIONSHIP TO DECEDEN7 530 Shed Road MAILING ADDRE55 MAILING ADDRE55 Newville PA 17241 CITV STA7E ZIP CITY STATE ZIV OWNER NAME RELATIONSHIP TO DECEDENT OWNER NAME RELATIONSHIP TO DECEDENT MAILING ADDRESS MAILING ADDRE55 �In' STATE ZIP CI7Y STATE ZIP Farmland - Other Exemption Categories and Definitions: , If claiming the "Farmland - Other" exemption, indicate the category below the real estate identified on this form qualifies: ❑ Agricultural Commodity - Any and all plant and animal products, including Christmas trees produced in Pennsylvania for commercial purposes. ❑ Agricultural Conservation Easement - An interest in land, less than fee simple, which interest represents the right to prevent the development or improvement of a parcel for any purpose other than agricultural production. The easement may be granted by the owner of the fee simple to any third party or to the Commonwealth, to a county governing body, or to a unit of local government. It shall be granted in perpetuity as the equivalent of covenants running with the land. The exercise or failure to exercise any right granted by the easement shall not be deemed to be management or control of activities at the site for purposes of enforcement of the act of October 18, 1988 (P.L 756, No. 108), known as the "Hazardous Sites Cleanup AcY' ❑ Agricultural Reserve - Noncommerciai open space lands used for outdoor recreation or the enjoyment of scenic or natural beauty and open to the public for such use, without charge or fee, on a nondiscriminatory basis. ❑ Agricultural Use Property - Land used for the purpose of producing an agricultural commodity or devoted to and meeting the requirements and qualifications for payments or other compensation pursuant to a soil conservation program under an agreement with an agency of the federal government. ❑ Forest Reserve - Land of 10 acres or more, that is stocked by forest trees of any size and capable of producing timber or other wood products. Business of Agriculture Exemption - Annual Certification To maintain the "Business of Agriculture" exemption, each member of the same family who has inherited real estate for which the business of agriculture exemption was claimed is required to certify to the department that the real estate still qualifies for the "Business of Agriculture Exemption" for a period of seven years beyond the decedenYs date of death. If during the seven-year post-death period the real estate ceases to be used in the business of agriculture at any point or does not generate a minimum of $2,000 of gross income in any year, the owner(s) must notify the department within 30 days of such occurrence and will be liable for inheritance tax in the amount that would have been paid on the fair market value of the real estate as of the date of the decedenYs death, plus interest. The department will supply the owners with the annual certification form. QS.W. BARRETT REAL ESTATE AN�2AISAL SERVICES . Fie No.12.0028 ' ' i I I + APPRAISAL OF I ��4 ' � � " - . . . 'y_ j�'�� .. ^��/�.�� . � ' '.? . -. i -�a�,r,�.,� / " . . � —._... I � I \ � ' I i � �� ` `��°��'�� `� �` I � eNc�yyf..�„'f f.-• � �� I !II'��I�I� ` . �`6y�� a. ��:I. ! .,...,� � �'.. _ , �,�-'+{ � r�,� �'3,•,'✓+t�.,�s, L '_ I .#,k �.Y r � � - I ` ':�' +iy �� E..�, I I i :.�. i . :.:� ,�; --..��:�g'`c'i�=�:.._ _ , i �('�y.� y�� .r -�.c I �' 'R.��ssL�,'„(��Lwr'y T r �"^e i�,��ir 't ` _ ' I �,.._.r.. _. ;� �-;... I �%��°'�,�,�+ra -_ __ _ --- .• ... . _at�. . � ! LOCATED AT: � 795 Greenapring Road Newvllle,PA 17741-0007 CLIENT: Martson Law Of(ICes Ten East High Streel Carllsle,PA 17017 AS OF: February 10,1012 i ' BY: ! Stan A.Skowronek PA CertlBad Residentlal Real Estata Appreiser I I � � i s�h , C, -��, s � 3.W. BARRE77 REAL ES7ATE AN�p,ISAL SERVICES Fiie No.12-0026 i I I � IO�H9/2011 � I I I � I I i Martson Law Offlcea . i Ten East Migh Straet . Carlisle,PA 77013 IFiie Numher: 1L0026 I In accordance with your request, I have appraised the real properry at: 795 Greenspring RaaO I Newville,PA 17241-9607 The purpose of Ihis appraisal�s Io develop an opimon of the def�ned value of the subject properry,as impmved. The pioperty righis appraised are the fee simple imerest in [he site and improvements. I In my opinion, the detined value of(he propeny as of February 10,2012 is: E795,000 Seven Huntlred Ninety-Five Thoueand Dollaro I The attached repmt contains ihe description, analysis and supportive data lor ihe conclusions, linal opinion of value, descriptive photographs,assignment conditions and appropriate certifications. ReepecMully submiHed �,.Q_ �,,,�� SWn A.Skowronek � � PA CertiFietl Resitlentlal Real Estate Appreiser I I � I I ( � . I Summary �- Resideatial Apprais ',,:-�� port c��Pma. tiz•oo2e The Owpose ol ihn apP�aiul repo0 is�o O�a��e ihe clieni wim a aetlible opiman ol ihe tlehnca value al�he subint piapeiry,grven Ne m�en0ea vu ol0e appiaisal. G�zatNamenni¢�weaUU� MartSan law O�ceb E�ma�NIA Cikmnaaress 7en East HI h Stree[ c� Carllale 9a1e PA z� 17013 � nddnwnai ime�deo uu�s The IntendeA User o(tNa a raisal re rl is the Cllent No additlonal IatendaQ Usen ara ermittad wilfiout , tha ermisalon oi the a ralaer s. imeneeo use The Intended Uae is to evaluate the roparty that Is the sub�ect of this apprelsal to provide thB Cllent with an accurate and ade uate� au orted o inion of value. am e nearess 195 Greene rin Road o Newville Sia�e PA z� 17241-8807 ame�oiaub�caecweKou KennethE.BJ.Ead coun Cumberland � i oeun�ion Deed Book H 8 a e d88 " ASSessorsPa¢e1a30•OB-0581•0028 taxvea�1011 aE.iares55455.00 Ne nbomope Name North Nawton Townahi �Na PeRrence OB-0587 Cenwsnact 0128.00 Pra e a�n�sn iaisea X fees�m k �easenoa X omer aeur�be Asaat Valuatlon Pur oaes �25¢drtA tlN JqnOUE`Rdld� ip�5dk50iVdn5R�501NeW�M1 i0 I lo�lh¢N�¢P d15 ib�101�¢efleCU✓2Ea1[allhnd �ei5d1. RbrSakrtrenskr Oaie1D20/1995 anre50 SomcesCOUrthouaa Anays�sotpiiarukorrvanstei�is�oryol�ewb�eclpmoerry(anticompa�abksaksAappliwCk) No rfortranaferoofthesubeetwithlnlhe aat38 montha nor were there an rlor transtera of the com a�ables within 1Y months of thair sale date. OMerinBS,op4onsanaconvacBasollneenenbeoaleatNeapP�aisal NonenolBd N borMMCXVItMIWN, OnWMtMauYnpT��nE�� OnWMtMau4np. R�awittutlUxN LocaWn Urban $upurpan J� Fwal Pro vaWes Increasin x Slabk Declini PBICE AGE One-UnA 30 W Bui2-U Ovei15% X i&]5% Un0er25% OemanERU 5nona 7I InBaWnce QrerSU 5000 5 t�dUnO 0% Gro�xtl� Ra iE 1( SIaLk Sbx MeiMeli T�me Untln 3 ml�s 7I }6 mNS Omi fi mlhs 80 Low 10 Mu�PFami 0% sepnuornooe eounaaiies Th�auh eet la boundeA on tha north 6 6raene rin Rd on th� 250 H n 100 Cammemai 0 a. � east b Kercavllb Rd on the aouth b Rfiner anE on ths wa�t b Newbur RO. 120 P�¢G. 7S OIMi Vac 70 ss • Neqnnomoon oescupuon Th�sub eet Ia loeated In an area of mlaed reaidantlal an0 a deultural uaa whieh la oommon to Weatern • Cumbatland Coun . It Ia wlthin reaaonable drivin dietanu to ammaNllaa such an actiool� aha Irt and am lo me�l. MarkelCaMNpns�inc4Jmg5u0WrtbilM1eeWVeconcNSions� SeeA@aehetlAddentlum omrens�ons Sa�le al tleeed tlan aiee 93.78 Atrea mll s� Irte ulaz v�ew O en eouM S cific Zomn Class�ficelwn Nona known ZaNn Descri 'n NIA � Zanin Com IieMe L 1 le INOnconbimin GianJlal�ereJUm X NoZOn III al ptscriE¢ ISNe�q�es�antlAeruseolNewbl�P�oOeiryaSimpiweJ(aiaspiopasetlOe�Plansa�SpeoACa�bre�roepiesemuse? X ves No ilNO.desnibe. W{N11ei hElc q�n Eeurlb OuMic Ofl�o tlefcrlEe OMa1Rlm rovemenl�—T vubllc Vrlqtl Ekco-k % Y00 Am wamr X Well srcee� MaeaEam % eas Nons sanna sewe� X Sa tie Nane 5ite[omments There aro no a arent adveroa easements eneroaehments or other ativene tonditlons. Su6 ect ro Is not In a flootl nazard area r Flood Ma 174715830195E dated 3118/700B 2one%. GENEILLLDESCRIPTIOp- FOUNpqTlql�, E%1ERIORDESCflIP npMr4b INTEPIdt mebMb Unfls XOre 6ievAhcunil Lanc�ere5lab CiavAS ce FwrkalqnWalls PldCone Gbors HldwdNn tl015Neies 1 X FuIlBasemenl PailialBaserrcm EpeiurWalls VIl1 'd'alls U 011 T X OM. A11. S��elhntlUn� Bamm¢nlPied tn0 .n. aoois��ro� COT OSh 18 Trim�Finisl� WOOd X Emtin Pm sed UnUerCOnA. Basemenlfinisli 0% Gullers6�ovms u�sAluminum BaihFlom Vin �e' n S 1 Sto OmsaeEm IExn Su �um WnMmvi DoublaHun Ba1PWainual D all Yeerg�iu2U04 SimmSasnnnwkma Th8rmal Ca�Swa None EIIecINea e Yis 5 Screens Yeb X pi.ewa QolCars 1� AN[ Nane Heah FWA X HW FaGianl AmeMreS Woo�Sloves x ormewa SunaceGravel om SUir S�airs omer Poei OII Fiie iare s p Fence X Cara e a ol ca�s 3 Fbor % S[u0k Caalin C¢nbalAnCanONOni Galio�Deck Pa¢� Cai h uolCais 0 Fini5Te4 HealeJ InOmGual O��e� Fool Olhet A4 X Oel. BwX�in A IaORS FeV erab� X Ran NOVEn OiSRMash¢i Ois Shc MKroxg�2 WasAPUD r Ol�n Cescribe , FiM�gCareaWwe �a6ew�mMS BROOmS 3BlWooms 'IBaNS 1720 uaraFeelolG�osslM AieaApoveGaoe � PEdi�bnalFeaWres FfOnt 8nd�ear o(Che6. ' Cammennon me improvemenu Im rovementa are in avera e eontlltlon with no h ie91 or lunetlonal inade uaeles noletl. ,� �, ea.xw.y.vassmm.morNnn...n.nrm� mumrmwmemoranm�o.ao-.wniwn..es.�wn.i.UaMece«n.a `f Oage l d� I9��^I GFntl Vu{me�m.p��E@5��1]AI4 ♦r.�..uim� .� . aooeNOu � Clicnl: Martson nw OHices Fila No.: �2-0026 ProoeM AdOreSS: 195 Greensoring Road Cau No.: City: Npwville Stale: PA ZiO: 17Y41�%07 Nalghhorliood Merket Conditlone LIaUSale ratlo apprciimately 98Ye.1 have considered refe�ent compelNlve ifsUngs an0lor coMroct oNednga in lhe peAOrmance of lhie appra�eal and In the trentling informatlon raported In thie eecdon. 1/e trend la Intlicated,1 have enac�etl an aAdendum proNding retevent competltive Ilstinp/contract of/ering date. Lacal multl-Ilst date Intllcetes stable merkel In the paat calendar year with no apprecletion In lhe suC�ecta markat eres,with an average marketing time of 90•180 daya. Economic tronds and tentling ratee hevs remelned tavonble. Seten conceaelona ero occuring more IreQUently; however,thera la no known O�eveiance oT unusunl aatler flnaneing concaeslona ar Euydowne. There are new homee under constructlon In aurrounding Eevalopementa,as well aa renelea avellable In the nelghhorhooA. Commenn on Salee ComOarleo� The aubJect hen numaroue outbufldings wfth the IarBeet ot them being a 48x8C benk bam,a 15x5T woaden leen-to, e t0i60 sllo,e SOx100 metel methine sheA end e t6xa6 freme ahed. A�I ot Me 6ulldinga ero In falr to averag� contlitlon. Compara0le ft1 han fewer outbullEinpg with IAe largeat 6einp a 53c100 matat pole bullding and a 52x78 6enk bam, all befn8��average to pood condttlon. Comperable A2 hee�ewar outbulldinge wlth the lergeat hel�g e 40a58 benk ham end a 26x34 wooC ireme mechtns ehetl. Comparable A3 hee�ewer outbu�lAlnpa with Ihe largent being e d6M5B IlveetocF bu��ding and a 20x40 Oole bullAing in poor to averaee Contlltlon i AOEenOUm Pape t d t Summary ResidentialApprai port Fn�u�. �2-aoze fEATURE SUBJECT 'OMPAFAB�ESALEN0.1 ' ONPAFABLESALEN0.3 �' COMPARABlESPlEN0.3 195('ireenspring Road 1481 Newburg Road 207 Kerrsville Road 72 Covered 8rldge Road Aetlress Newville PA 17241 Shi ensbur PA 17257 Cadi5le PA 17015 New6ur PA 17240 v�ar�m� m5utixi 8.4I mlles SW <.87 mlles ENE 8.88 milea WSW Sale Prke E E 750 000 E 598 000 S 850 000 SakvaeT+os�N.niea E 0.00 n. S 2�d.38 ,n. 5 259.08 .n. f 408.85 .n. oata5rnnoes 1m on Courthousa ICourlhouse Courthouse Venficalion5ou¢es CouAhouw VAWEADJUSTMENiS �ESCftIPT10N pESCRIG�ION ��)s� � DESC0.IGTION q.uc�,wmem UESCRIPTION �l)innme+.n Sa�eorfinanang N/A. Unknown Unknown Unknown tonceubns Unknown Unknown Unknown �areoisa�ertime WA 1T@912011 07107/2010 t0101I2010 tacaib� Ru�al Rural Runl Rural Leasenola�Fee Sim k Fee Sim le Fee Slm le - Fee S�m le Fee SIm le 5ire 97.78 Acrea mll 88.24 Acres mll 17 700 80.48 Acrea m/l 188 500 9817 Acrea mll -1 Y 450 view O n count O n count O en count O en count oes n 5 1 Sto 2 Sto 2 Slo 2 Sto uali otCOnslmawn Avera s Avera a Avere e Avera , acmei A e 8•/-Years 137�l-Vears 10 000 139 FI-Yearo 10 000 14N1-Years 10 000 : Connmon Avera e Avera Avere e Avere Abore Gratle *aa eam� euM ru� ae� enk *ne eam.. enb ra� amm exM ' aoam Gount 8 J 1 10 4 YA •7 500 7 4 1.1 •2 500 S 3 1.1 -2 500 '. crvs aea30.00 1 740 .h 3 200 .n. -d4 A00 ]312 .n. -17 780 2 OBO .n. •�0 800 ' Basementsvinisnea Full Bsmt Partlal Bsmt 2,500 Partial Bamt 2,500 Partlal Bamt 2,500 � aoomsee�nxG�ane UntlNahed UnftnlaheG Unflnishetl UnBnlshad cuncwreiwai Avera s Avera a Avera s �lvera e � Neaun cooii HWB&NOns EBBINone HWBB/NOne fWAlNone Ener Elfcreninems T Ieal T Ieal T Ieal T Ieal careercar n 3CarGM/keh 3CarG/Wkah Nons 20000 3CarGM/keh Paiuvraiiamecx Vorehes Porehae Porehes Porehea Nona 7FIro Iw •7000 1Fire lace -3000 Nons Outbuiltlin a OutOUllCln a 23000 OutEulltlin a 23900 OutbuflEln 25000 18a381n Pool -10000 Ne�ntl sunem rou % . S 8�00 X . E 190 740 X . S 11 750 MjuileESaleG�ee ' Ne1NGj. 0.8% Ne1r101 3��8% N¢�Atll� 7.4Vfi o1COm �aeks Gross 18.5% S 748300 GmsPd'. d2.9% S 789710 Gros '. 7.4% S 881750 Summa otsakscom a�imnn iwch The acrea a is ad uated at S 000 er acra. The ad ustment for outbulltlin s roflacts[he numher of out6ulldin n and not thair condition. Ths unad unted rics ar aora ran e ia B 500 to S9 9�0 with ths ad usted rice r awe ran bal� fe SCO to S13 058. Ses Attxhed Addendum COlTI1PMOA TOW1W[.� Sue vawe cammems A two ar rsvtaw of land salea did not loeate an sWtabls aales wNbM ifie sub eets market thereforo the o inlon ot value for tMe site is based u on the 2010 tax aeseasment of Se2�000 which Ie a aub sdive�alus. O Inion of value tor the aub ect site-3825 000. ESTIMPTED REPRODUQIONOF REPLACEMEMCOSTNEW OPINIONOFSttEVAWE............... __................ . .=5 O , SourceolcaACata DeclLn .f�. f ........... =2 0 , li raG homcogse�r,ce EtleqHetlakolca9tlaro .FI. f .............5 0 . Camm¢MSa�CanR oach wsslN a�eecakulalans, eoalion,el[. Caal A roaeh deemaA a oor indlwtor of value. The Ga�a erca� n 0 5.c�. s ... ......,.=s 0 • EatlmataA Ramainln Eeonomie Life•55 ean romiEVimamoicon-New ............=S 0 l¢55 PA I fvnclunal E�1ema1 oe iecialion =S 0 OP rtcialetlCa5lollm rovem¢n6... ............. ........... =E 0 'RS�iSVdWC015iIPIRIfaVP11M06....................... ....... =5 INDICATEOVAWEBYCOSTAPPFO/GH. ....... . .......... =5 0 ' INCOIEAVONM TOV�WE� Estimahtl ManIM1 Markef Fen15 NIA X Gioss Fen�Multi ler N/A =5 NIA In0¢a1M Vabe� ��ome A ioac� SummaryolinoomeApproac��incWJingwpponMrmarNelienlanaGRM) NIA �nwcneavuue : s�xneom �aonn oacnsT95000 tone oacnimnboeea0 �MOme� a�cn0aweio sN1A The Market Deta Anal la su orta m o Inion of value for lhe sub ect. Ths Cost A roach wae not deametl an a ro rlate Intlicator of value and tharefore waa not Inclutled hareln.The Ineoma A roach was alao deemetl Ina ro riate for thls to , Sanal le. The ad uatetl rlu r acre ran e Is E8 S00 to 513 O58•SAY•SB 500. 97.78 acree SE 500=5797 170 SAV-f795 000. lnkapOreisalismaGe X 'd5i5� aGjecllOComD�elionp¢rD�d�sanUSpe[ifkaWnsanpeEasisol2hypoMeli[alcoMAbnlha�IheimpimremenishavxEeencompleletl. ❑wtlkclbNebltoningrepeiisoiatl¢�aponsonmeba95ola�ypdAGiiral[onJilqnl�alNeieOansoratleralronsAaveGeencom0�� ❑wOjeclbineblbwing: � The ru R hea been a ra4sad tn current cond4lion. Th1a�n 1m 1he dienta uae onl . Bsaed on tlie ecopeofwmk,asaumptlona,IlmMnpca^Eitbna an0 appraieers eertlflc�4an,my(arz)opf�iq�oltha deflnetl vel�e otNe real Oreperry NslisMeauOjectofihiareportbi 795,000 aeof 07/10IZ012 .whkhiallieeMecMetleMOlNhappnb�l. ma�w�+�q.Kima.n.emrv�z....o.ea�om rnum�meovn�Memm.mio�eiw.rnaiwa..,se..wm�.ue,e,�au.n.a. ��Jp��1 C�}ol� 19��A^)GmwYPUipa��[PI�_�0505]A�10 •-�.��.�•��=N��-� ��=• 3.W.Barrett Real Estate 8 Approiaal Serv�ces t,�'•�'� 12-0�26 Scopeaf � ,ASSUmptionsandLimitingCOntlitions ' Scope ol work is Gelmetl in t�e Unilrnm StanUartls of Professional Appraisal Prac6ce aa"t�e ype anG eahm W research anC analyses in an usignmenC'In s�or�,scope of wwk ie simpy w�at Ihe appraiser EiE anC tliE natEO Juting Ne cwrse ol Me uvqnmenl If inclutles,EW is nM limi�etl to:the extenitowp¢��pe properry is itlenUfietl and inspec[eE,��e rype an0 exRnt al aala reaeam�eE,Ne rype antl exMnt olamyxs applieC ro arnve al opiniws ar conclusipns. T�e scape otMis appraisal anU ensuing tliscuszian in t�is reportare s0��rot�e nreES W the clien4 aM1er idenfi(eC intenOetl usen antl ta Me incendeJ uae Mt�e report.TM1is reportwai prepaeetl tor Me sde antl e�clusive use oiMe clientantl oMer iGentifietl inlentled usere tw Me itlentifiCC intentleE use antl ib me Cy any rn�er pamef is proliiEitM.T�e appraser is nIXrespensiple lor unauthpizeE use ofMe repart Tpe appraiser's cenilintion appearing m Mis appraieal reportis suCjec�to the fdbning conEiponn antl to suc�oNer specific cantlinons az are se[lorlti Oy I�e appraiser in t�e report.pll exhamEinary usumpbons antl hypathetical cmOiuons are staRC in Me repwt an0 might have aXec40 Ne a9signmenVeeulb. 1. I�e appiaum aswines na ies'ponsibeiry�oi matleis ol a�egal naNre aXecung I�e pmpeiry aDOraiuC onitle tAerelo.nor Joes��e appiaisei mnaei any opinwn as�a Ne lilk,w�¢�is assumetliabegootlanOmaMeia�le IDepmpeiryisaypiaisetlasi�oug�on�enesponsibleownership. 2.AnyskO[nrnl�¢�e�lorlm.ryslmwapproximalepirtMnSmnsdnQRN[btl¢UOny�aaSVS1111Preatlennvisudl�Iing�hep�ap¢rN�T�apP�a�SelAasmaGenpSUrvEyolihep�ope�ry 7 i�eappiaisensnulre�uvealogrtrele50monyo�appearmcowtbecauseol�annqmatle��eaOP�aiulwi�Arelerenretol�eP�opeirymques�ron.unlessarrangemen[slravebem pmvmusty matle Uerero. E. Nen�eiall,no�anypapollhecon�eniollhisie0orl.copyoro�heimetl�al�eieol(inclutlnqmn[WUansa5lol�epiope�lyvaNe.UeiJenpryollAeaOP�aisei.pmlesswwlJesgnations. oi I�e Irtm wi��wheM1 me aOP�aiser rs ronnec�e��,s�all be uxd Ni any Owposes by anyone but me tlient ana oNennlenOeU users as�enliAeO m Ihis reporl,noi sAall n�e conveye0 Oy an}rone lo I�e pvblK mioug�aUVenisnq,puGirt reUhons.�ws,avles,or oi�e�media,wiNoullAe wntlen aonsen�ol�he appiarse�. 5. iM1eaypiai5eiwillimltliubselAemn�enlSOlmisaOP�a�salrepoilunkssieqm�MtryaOD��aElelawoiasspenM1etlinNeUnibim5�antlaiasolPmkssmnalAppiaisalPixaKe. 6 InM�matNq efimales.anJ o0��bns NimSM1ed lo 0e dpp�aisei,antl mnlaine��n I�e�ep0it.were obldin¢fl M1om mu¢es cons4ere0 relNpk an00elpvptl to be Ime anU cortecl. Howevei,no responvAilrty loi a¢wary ol suc�nems bims�M�o�he ap0�arsei¢asSUmeU by me ap0�aiser. ]. ��e appinisei aswmes��a��heie aie no M1 itlen or unappaienl conOnrons ol tlre piopeiry,su0wil,or slmcNies,w�[�wouq ren0e�n more oi less valua�k.iAe a00�aisei aswmes noiesponsi0tliryloisuc�con4ilmn5,oiloiengineenngoi�esling,w�c�mqMOeitqmieJ�uOiscaverwcAla[lois. iAisaOp�aisabs�anemimnmemalasiessmenloli�eproperryane s�ou'q nol�e mnsqereG as sut�. 8 TheaOpraiserspenal¢esml0evalualnna�realpiaperryanAiSnotahomemspecmi,Wiltl�rgconuacNi,swcWialergineeqorvmtlaieryep,onlessoNemise�etl. iM1enppraisei tli0notconOUClmemtensrrelyp¢olM1eboGServatmnsol�hekmdm�entletlmseekanddiurnerpiopeirydelec6.Themewinga�NepmpeiNandanyimpio�emenlsisioipurposesol �levelopmg an o0innn al ihe Jelinea value a�t�e O�operry,grvxn IAe m�enOeJ use ub�is assgnment SWRmen6 regmding con0ilun aie OaseO on wnc�e o05enatrons any. ihe aOPraisei cWims iw specml expe�pse rega�0ing issues incWtliig,pu�nol Ilm�ed lo�.Nmtlalwn setl@mem,pasemenl morsNie pmElems,woatl aeAmymg(or otheQ insec6,pesl intes�alion. �aaon gas.kaU�asetl pmnt,mola oi emironmenul issues.Unless olAermu macaRa,mx�anral rybems v}eie iwl aowaled or�eAeO Th4dpp131S311Pp0lISIIWI�IIpIbPU5P111041YbSP111QL0��llpllQ�IAPp�OpPl(ydS�f¢Id@SIOIIIPpf¢YII[QId�520CP01�QIpCR.TII¢tlIP0�6iM11¢tldfltlPMOYfdB�bPm010yqY21iii¢Q expeB la inspen anA atldress aieas otconcem.II negalrve conOtlons are OiscoveieC,Ne opinpn otvaNe may be allecle0. Unkis othervlbe noRU,Me a00niseraesumes Iliecwnponend NatcmatiWOe Ne su01«<O�oVeity im0�wement(�)amluntlamenbly ewntl antl in waking aEer. nny viemng ol t�e piopeiry Oy tAe appiaiset was limiletl lo iea0iy oGServaple a�eai llnkss oNerv�ise rroled,etlRS antl uawl space aieas vrere nai atte55eU.iAe ap0�aise�Ji0 rrol move NiMwe.Aaor cmenngs or omei items iAa1 may resbml Ihe xewing ol�Ae O�operry. 9.App�aisals inMMng�ypo�M1etrtal contlilwns relalpo la mmpk�i0n ol new con50u[hOq re0an5 oi alleiaWn are�aSeJ on I�e a55vm0��on IM1aISUCA mmpk4pq Btleia�on o��epans will De campetenity perbrmep. 10.UnMssmeintentle�uSeollAisapO�awlspeciM1CalNinclutle5is5uesalpiopeM��w�ance[oireiaAe.NisaOV�ssalsM1auNnalbeusealorwoM1purpaus Peprotlucipnor ReplacemCnl co9lgures uietl in��e msI appioaz�Ure kr vaWaWn pW pOSes only,grv2n Ne mRnUpd use oI Ne 055gnmPnL The DeOni�on of VaWe use0 in tl�is assgnmpnl is unhkety lo�e consslenl wM Ipe OeflmAon 01In5Na�l¢Value q�p�pyp�ry�nSNanC¢cOVP�ageNS¢. ll.The FCI Gene�al Pu�posa Rppreisal fteport(GPl1q•")is nqinMnEetl fp use in tranfacGms Maf requirea Fannie Mae IOOMFreEtlia Maz]Olwm, also known ae Me UnNarm qeeiEenpal qppnistl Reparf(URAfi�. RGOitlonal Lanmenb ReMhC To Scope OI Wpk,Assumppms anE Limiling Contlilians NonB �ov�.��:eu��m..��xon<ersi....au.m�oR. iM�mcw„ynorm,roio.wi�.�.w�cison.�s....n�H.u�wnnn.u,Ke �y ��#'1 US IfP�P°I G�tlY PoN<A[P'969 ReLP�lL]ilVi n AY[:IXUe ' i a�,tun. 72-002fi Appraiser tification The apprmscr(s�cerlilies thaq W I�e bes�ol Me appraxYS knowle0ge anC belief: l. fM1asiammeniS��ItaciconwineOmiArsieponaieVUeano�mrw 2 ihcrepunNanarySes.opininns.antlmncWVOnsareumiteAUntyOV��erepor�eaassunrplionsanrlhmmngmntlnwnSanOnie�AeappiaiseispeimnalimVarOal.amfun�msed pmles5�onalanaryses,o0��ro�s,anArantlusions. 3 Unleiioi�eiw¢cs�aieU.Ihenpp�Tiypipasnopmun�oipro5peo�rvem�eresiml�ep�opeirylhansi�evi�pclMt�umpartantl�esnopeisonalmmiesn»IM1mspeqNi�eO��es mwNetl. 4- �henppmonitnsmb�aSVnp�ouspec11o0n0�o0erry�palislhesuh�ecloft�6repo�lorlol�eEa�oesmvoNeUwi011nsossgnment. 5 iM1eapp�a�seisenpagementmi�isassgnmen�wasno¢omingenluponJevelopmgoneponmgpreJeleimineUreSNts. 6. Ihe appimse�s cumpensaupn Nr complennq Nis assrynmenbs nm conpngem npon Ihe Oevebpmen�onepamng ol a yre�eleimine0 value oi tlirecimm�vaNe ihal favors(he cause ot Ine tlmn�.�pe amoonl ot�M1e value oo�npn,Ipe al�animen�ol a 9ioul.Ted re W A.u�I�e occuuence o�a whse0uenl event tlirttly ielaletl lo�he mNn�e4 use ot Inis nop�a�sal. ]. ilieapp�aiser'sawyses.opmpns.anpmncWSmnswemdevelope0,an41Arsmpoi��sbeenprepareG.inconloimiryvvilAmeUmbim5landa�tl5ulPiolessmnalApOmisalGiacuce. 8.UnlesSO�lie�wlsenole4,l�eappioi5eihasma�eayCisonalinspecuonol�Aeprope�rylAelislAevh�CCloliAisieDon. 9,umessnoieohelow,nooneO�o�MeUSgnihcamrealpiopeiryap0�aisalassistance�oiheapprarseisiqning�biscenn¢atron.Sgnificamrealpiopeiryappiarsalasnstancepmvidea0y: AEUi[IOpL CeNficaG0113: None DefinitionWVNUe: �Mykttvalue �Otl�ervalue: Somceoloehnnion�USPAP The moat probable price in[erma ot money which a property shoultl bring in competitive anA open market under all contlitions requisite to a fair sale,the buyer and seller,eac�acdng prutlently,knowledgeably an0 assuming Ne price is not a/lecteA by untlue stimulus. AODFE55 OF THE PROPEFTY APPRAISEO: 195 Greens�ing Road Newville,Pq 172A1-9607 EFFECTNEDATEOFiHEAPPppISALFEb�UdlY10,2012 ' APPRAISE�VALUE OF tNE SUBIECi PR�PERiV 5 79$,000 APCRRISEF SUPERVISORY APPRqISER Sqnaluie' �_�_�u�� SgnaNre-�� ame� SWn A.Skowronek rvame� Steven W.Barretq SRPA�SRA ASA S�areWn�hcamna RL001572L S�ateCerufioa�rona GA000298L m lkense w — m l¢ense p oi omei Itleuunel'. S�aie a� Six�e: PA -' Siaie. PA EvyiialbnoaleolCenilkanonmLrtense O6I30/2013 E+pnaiwn0aieolWniM1CalmnorLxense' 06170/201J DaRa�SipnaWre� 0717912012 Oaleot5ignaNiean4RepoR 03HBI2UIY DaleolPioperNViemng'. 02IYO/T072 Oale ol Piopeiry Vrewing'. 02H01207I OeBree ol DmOeM�iewing. �egme a�piapeiry vievnng�. % Inlerior an0 Eqerui X❑InierioraneExlermr E�ieiw�On � ❑ExWwiOnry �Oianoipeisanalyvrew ❑ N ❑�tlnol0eisonalynew '�rv Rr4rtMUCn9POUMme.eWmelJ�.m��'veEwm I�il[rmGVn9niu:lViAiu�GPimnqiWNmsvrm�rt.:m •'ivn �a yn¢v maez,u 19'rn�lennwvweaenmui`�iva°nwibw�'ie S.W.Bartett Real Esfate 8 Appraisal Services - . . _ . .. . _ _ . . .. _ __ FLOORPL Client: Ma n Law OHices File No.: 12•0028 ProoerN Addre55:185 Greanaprinp RoaE Case No.: CiN:Newville SIatO: PA 2i0:172A1-g807 I . . .. . . . —_ _'"_""_. ' _. . ..__�_ " .'.___. '__'__ .. _..__'.'_"._'_._'—_. '. � � y � i i .'.PCrGh'.'. � • 1, : �. � .�� I Mud Raom ca � � O�`�`� u KI[chen m Bedroom l�s��_ Lau nd ry �� L+ving Bedroom Bedroom '-'�6orc6.•'• � � I I r , rtnbYren. _ _ _ . ._. fqmmenl3: AREA CALCULATIONS SUMMARV LIVING AREA BREAKDOWN Cuy pncrlpym N�191a IMTOIaM BnatEOwn 9�taCd� OS..�1 Ht�G /laac 1T10.0 1110A �Si�t f]oo[ P/P PoreE 13.0 1{.0 6.0 ]6�.0 Pore� � '11.0 1��.0 56�0 x 16.0 1156.0 NetLIVABLEArea (rounded) 7720 21tems (rounded) 1720 SdBJECTPHOPERTYVHOTOADDENDUM � Client: Nart aw Offices rde No: 12-0026 ' Property Addr�S Greens rin RoaG � � �- - "- 4_ g_ _— - __—.____.—„ CaseNO.: � Gry: Newvilie -' _ '__'_ _._.__' _ _'_. ' _ . tale� PA Zio t72a1 - - �, � -�`-'Z� . ! � �� FRONT VIEW OF � n I SUB3ECTPROPERTY % � ApArdised�ate:February 10,1412 .,.�, X� Appraised Value:S 4Y�� ' A[q�Y1 - _ ^��!►i Y ��„� �1M"a yF - �� . ,.I��II ... �.`,..�� . ('+-=t. _;-. ... ' ._ '1 .``_ .� � 'R : S r'':i i �r� ,�` - ' .+�1,'�'. t,:' _ ' �I" , +c� ��, _ ��... � ,.�t: r•-�C� . � . �_ ��,��ii•�"�i^`2"r+wbi .�j�"fi�y�, �� '^ -• ` �4-.�_�'L l�' �L� a��f �l��._�!-.."fs. �. �� ' REARVIEWOF I . I� SUBJECTPROPERBY � I �� , } I -�. . i � - . - "'1L�, : .:�- � 1 ;�� . � STREETSCENE _ �� 't �.� l r '`--,�� I�. ,.6 is�r �I��'' µ�.n � , �t'�� I , I�� . _ .. . .. .. _. .. . i Cliem. Maro�^'�w Officea /�■ F�le No., /2-0026 IPropetly Addrl )5 Graenepnng Raatl � /� J Case No._ f CiN"Newville'� —'— --� �� Slate� PA Lo 172N' . I �� l � l� i ' "` '_" ' '- —'l� ' . � :{ �."r�'L�'��a't� ,- Kr � -^!�n .�.� ,) � � �' i ..�;,. � �1 _ ..t. .±kv.;,. � "^" . :�' '.'��:��<'� ,.�..�_{��:.� �'-`� ,. � .� .'� tqr'� , . . . .. �f? �. "'�`1.�;t -rr~.�'� C'��`'•�`�'' 'rv �. .v- r^'„y.a�.,..'�'-•, a$,.� . .;i `r. +�a�� ..�,-�y� ;-i ,;,;•ny : sr , ?_ _ " ...� .�.-��s."1'y!�%`y.:�!{!'. � '„�' t��., a ` ,�'.� � �,, " ��y .,L,.+6.� Ja�� .ti:�� !4��' i ��' - /� , r ,; i 1 � ` ` ' y �y� �'� �;.� ."� ' � •y ` �x,n ,JM1G�• ,�.'. '...r -_ �'*�ye']- y . � 7 � � _ _ �T.�'.'�.�A/� ... �i� ��.'• . .`�Y Y � -----� _�. � ,-b'. .� . � � _ � . ^- �� '��_` ` . _ ( � I_ ' _ -- -- - ---- -��- � � " � I , ----_� ' . 1�:. • .��.�' � Y ,M�r• .s�� '��. � Cit� ,�' - �p r� ��,J 1 n t, . ! %L_ 3 : : 1 fl :: : �� '. G'! , �. �y�� , �+'� _�.< _ .__ �_ �Y .h. y M�—� i�� ..�_� �'�<y��A� �� 4 .rq;� .�"'�...-�..-�""'" '� . vww+rwrw wn��n.....na. ...,wi..oio '"Cni; tdart9�yawOf�ces ^ FileNO.: 12-0026 ' Properly AdJ,'/� y�5 Grocnspring Road_._ (� J7 CaSe No.: � - I Ciry: Newville`� - - —-"--- '--- �tefP' PA ��ZiO'17i41 —~_..- I - . .. .h . . � � {. .`:r` -` � �� ' :.j;.� � ..,�. �'�' } . .�.�.K � .et' y t� '� .t , , ' � .'� ,'.�,' I' a'� � 4" i .. 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I!-, ^� �� , . � �t'.� � y - � �' � .�AY� j. 1 ;sF,l' S �� ,� �, t� + '�;i. � , ,.�' l � '" `'�. s � ' ' � I - � �N �:•� k,�. ��'�'�� + `", ��.t ;t � . . . �A�t.." � ,`��,�t � .r . . i ,' •�r � 4' � a�r,��;e � .c �. j, •, ; �. � `� 1 i� � l .�.� . � � . ♦ t� ` �' � �J " � �54 ��l1 .F\�" ��,�. �l ,. d'-� - � - i ..� �_ '+t4'A' . $� {• _ � �' , �� R"r�,.r ` , t. t, . .' � � '� �� . ,�Sv��p4w,. •� � �� ' • ,�,� �'1 y ��\,. �•�;.: �r`�''' ' � . � � - � ..�,,i ,f ,r f � ;, ; + �''� 'f � �r � • e '� � � _, . � ��, , ; , , 1`. ��, . > � i � ' 1` /•� � � . . 'i : . - �l` ,� ' . _ ' 1 ..�`• � \ w 1 � 4y.. „ . . "�j r�Y .. : yK,`1 . r. '• t . �ws s ,�, .. �r.. ` . . "� , � . . .� � s'' ' , �. . . . . �� . �� ' � i;{Y.� . ' . �;' : .. i y _"4. �. � . .,t y �� t � . .� , �Y .� .� , � x� a «. 4 � .e'�' - - _ , �r ; _ i ^� t . . ,. �� ' - � . �.�t � . . r ' r � � J� � . ' `�� / '�l�� 4 ' - .�` . � Y� . � ��t > LOCATION M � Clienl: Ma � .'��Law OHice� File No.: 12-0026 Propefty Addre55:195 GreensprinqRoaEu ^_ � Case No.: � Cit : Newville State'.PA Zi :177bt-9607 � Q;; i . ibwiir,y GJp I ` t p�� 2 • I f� �U�IC'I �IJ \dc�re� 0!osaeivi'le ! E�"n� �4 �I E 1 �� _ � — � I I �' Comparable Sale 2 � � `� �. _ _ .. 241 Kerrsville Rd 1 ��aw"Tpy'� � - CarIi518,PA ll015 I pgpcnq (4.87 miles ENE) Hebeding �� —�_�. '. � � � J�J J. Newvil�le,PA 1 241 �\ . N�.;,:�� _„t-=- �'`y� '. '� — - � �.-0 195 Greens rin Rd �"""'�'�` — .' sa i � - _ �kc:_". - ' �.�edua wc ud �lfwvllle � �� .nc�r kn Wt Comparable Sale 3 .°�°A S33 Z33 ' tA�u�rtV,ak � 72 Covered Bnd�e Rd ,+�� M1lewbur9,PA 1724� �3` ++ ,' � � (6.69 miles WSW) G,ec«scnny �' ':i� � m N°w•.� � , a' � � � ' �`� �� ,. ! VoC,llle . � ` i S ��' cCOmpara6le 5ale 1 `1 rs� 2 � 1�81 NewbuYg Rd P 4h,^ ~` DiCkinson � ShiPPensbUrg,PA 17257 �� Swu4P..tu�.vn i (8.42 mile5 SW) �� . i ^� yrePd / ` tl. •,4aiTM1PNb! I l F , + � . . � 3ros!no-xn . W alnut 6ottcm i MlJule i I iV�ui4 . . ' . i I `�� . via�o�+`a6N'"Vyf z33 � i �'`� . li� . � i �. c t, � Ru Shippensburg , rne,m�� , � � c,o.ao�a: I I '`�i3 e i��scuWm q . P:��e c c o ruu e 696 � JlLamp�un T::p C�V _ _, �. . _ . . . . ' � . & aaa 5.Smilrs _ _ _ i � � .. �,,,�f�� . . ' ChenL Ma�Law OHicea File No.' 7Z-0036 Properly Atldress:195 Greens�ring Road ^� � Case No.: CitVt Newville Sta�e� PA Zip� 17241-9607 i - . _ .>x � �� . . . . i ' ';�.. �:�.�a .. .�t . . � � " � ,. . . ' �; ` e ��, ��.,� oTaRd * �,r .' . x'. x \ ;--. "�,R,�'r%'�y�,�N' n'-.' .Y ��N ,� .r' I� �� ,'� 9 Y�°d'�`z`*��--: „kt t''�"°,�' �'�+ ro�"k, ::".� �p ��. ,..K�l �� .'.�' _ � � ; �� - fi,. i y � , x,M I I \ M� K'i�" �y I 9 „�� i °aq � 2 I �� P µ � -��_ P�a I Tqn p�e � ly� � � e � P I�I i Subject o ` „a� ' 195 Greenspring Road �.��`� yay Newville, PA 17241-9607 ��'`` _ P> � L°�� IA�� p�s1 a a' a ��n . �Ra EM- o� �8 '�+�� '�O 31 �� I ��`'• � U yP N �� °"� °�~% �j9 a 5� ' i g M�S � I v-e+a�" ,,.,,,wr�a �",='�n t i RnNOaE •,. T35� S 357 Fry R� @.�m 6 m� '� P,G ./�b` � ��° I , �s� � R i Q e � I ��C i F�oo6 ln/otmation FtoodMap LegQnd Comrrurl,y 421593-Y vEV•/TON N;P 0=CUId6ER'_/�ND Pbo4 Zones Praperly Is ro;�rt 8 PUFA ipeci�l M�Fa:av��rea N��+rrw�lMth'S06y�rtnoaanp �aPNumher'A2'SA3n1�5E �Iai:L`r:w'03:1G:;':DV I �ereLC195E FPS 4200� '+�esoutsw�ofrtw�O6u�a506y�wt.oaep�wrt 2una�% � `„y +ne��Mr�OyRq.yur�aeaMq i ',j� ti��++waM�a9Y�oaria�nown0,mnwrospynuro I � fqpy�/yll�d! .u1L�..�'cnr. i�ixil.e I...�tlP.v�.n.. G.Cile.il.ni:l I �.Iw: T!:Inn�2.r�y I � apreune»Jnns e•wauanys•a in.,parry co-:em ng�r,e cnma^t,eccvury ar FbeOnryUOaMll�vnlobtypuar0 .omp.e�ene �. oocrnmr Ol�enm� tr� �i e.- a ili'yor a.m e(ueaN�rmin�alN C�sW raelnarYas �.nen r,n r . ,i n q�� '-n rf Hr. . i� i�.: n: �t�n.. n,a rev�n snai n � an.i� n �c u ��MC a r e _ .e o i swe ar �I s.�efnMmspplA0noy0�fM�0FIT/ iM1is�aMmpo� � • _. . ._. ... . .. __ _ � � Fle No.12-0026 '*"""'"'QUALIFICATIONS"*'"'"'" � The tollowing checked itema are SPECIFIC SPECIAL CONDITIONS that were identifietl hy this appraiser during the inspection of the subject property,Me compa�ablea sales,antl their neighborhooda and locations. Unless otherwise nated,the conditions that apply to the subject property ar the comparable sales used DO NOT AFFECT THE MARKET iVALUE OR THE FUTURE MARKETABILIN OF THE SUBJECT PROPERTV BEING APPRAISEO. This is not a home inspec[ion service. 7his is an appreisal to estimate market valua. i � � _X_7. The subject is located in a rural area and ia lesa than 25%buil4up. i 2. Commercial/IndustAal usee ara located within tha subject's neighCarhood. 7hese uses are rypical of similar � i neighborhoodn. - I � _X_J. Vacant and undevelopee IanG uaes are locatetl withln the subject's neighbarhood. These usea are rypical for �� the area. i _X_4. The pretlominant value in the neighborhoo0 ia less[han that of the market wlua ot the subject properry. 7hia ' I� Iis due to Ne very wide range ot value of propertiea in the area and superlor qualiry of the subject properry. I 5. The suhject property ia located in a f.E.M.A.Identifietl Fiaotl Zone. Flood inaurance coverege ia required and suggeated. i I 6. Oampnesa is nated in tbe basament of Me subject Shnding or running water was not present on basement I floor. Thia condition ia conaidereA typical in Ewellinga of this aryle. i X_7. The subJect property is serviced by private well anAlor ee0tic�syatema which is common for the area. i % 8. The aubject is older than five�6)yean. All mechanical aystema including the headng,electrical and plumbing i syatema appear upon a viaual exterior inapectlon to 6e in woAing ordar. No wamntiea are implied in thia shtement _9. Rapelr itema ware noted in the commenb aection of the report. Theae commenb on repair itema are for j deacriptive purpoaea only anA are not required rapaln. The itema Ileted are coametic In nature. 1U. 7he basement Floor ie a dirt floor. Thia contlitlon ia common and rypical for the area.and does not pose a I health or saMty harartl, � i 11. The su6ject propaRy doe�conUin tuncdonal obsoleacence as noted in the report Thia condition ie I considere0 typical antl common for the area and thla sryle dwalling. 12. The lantl value exceeda 30%of toWl value tlue to the high tlemand(or vacant lantl in this neighborhood. Thia l condition is conaiEered common and typlcal for the neighborhood. X_17. The lantl value exceeds 70 k of total value. Thia is due to the large sim of Ne site. This condition ia �� conaiAereA to 6e typicai antl common. X 14. Indivtdual adjusbnenb were required that exceed 15X. These adjuatrnenq were requiretl due to lack of more similar comparables on Mat intllvidual nUng. All companbles ueed are the Ueat available. _%_75. ToGI atl�ueMenb exoeatl 25X. Thia is tlua to[he lack ot comparable sales that were more similar in the I subjecPs markat area. All comparables used are the hest available. i _X_t6. One m more wmparable salen are oltler than aix�6)monihs. Although thera are comparable propertiee in the i subjectb area,none have ealtl rocenUy; theretore,salee in eaceee of six�6)montha have to be useA. All comparablea I used are the Eeet evailable. � _%_17. One or more campanblea usetl were in excess of one(1)mile fmm Ne su6 ect ro e � I 0 P KY. A��hough there are compare0le propertiea in the immediate area,none have SoIA recently. Therefora,it waa neceasary to uae comparable I sales ouhitle o/the immediata area. All comparables use0 ara located in similar neighhorhoods and wifhin the same � marketing area. All comparables useA are the bent available. _1B. The electrical system was not connecte0 Curing Inspeclion. _79. 7he water service was not connected during inspection. . _20. 7he heating syatem was ahut down during inspecUon. i _21. RooMg_plumbing_Electrital_Heatlng_certlOtation�s)islare auggeated. i i 22. Inground swimming pool_,out builtlings_are IncluEed_,not inclutled according to lentlefs � guiCelines. — 2J. According lo lender'a guidelines a mazimum of_acrea were considered for this valuation. Remaining acreage waa given no value. I inerro.72-0026 I '""""'"QUALIFICA710NS'""""'"" � � � � _2d. 7he subject property ia located on a private road. j � i � _25. Wood intestation Inspection is suggesteC. ' X 26. Last recorAed deed hans(er. Date 1YI20H995_,Conaidaretlon:f_0 . � 27. Proposed conatrucUon/renovatlon in accordante to plans anA apecllcationa to be comp�eted In a workman-like i manner. _28. Seller ia p�ying part or all o!cloaing coeta. � %i9. All comparz6le sales are varified closed salea. % 70. ihere are no apecial conCitiona or oMer mquiremants t�at would aHect market ve�ue or future mar%aGbility In I the Appraisal RepoR. � _Jt. AMC!ee waa requlred In OMer to atcept thia apO�Eisal requeat I ( � . � � I �I 4 . I 1 f { � I I i . I � � Fee Na.12-0028 "°'"'*""QUALIFICAT�ONS'*"*"*"" Confitlentiafiry antl Securiry Policy ' IWe consider privary to be tundamenGi to our relationship wilh clients. We are committed to maintaining the � � confldentiality,integrity anA security of clienb'pereonal intaanatlon. Intemal policies ha�e been daveloped to protect � � this confidentiality,while allowing client neeAS to De servetl. iWe restrict access to personal in(ortnation to authodzed individuale wbo aeed to know Nis infortnatian to comply with � , fetleral sWndarda to protect your nonpubllc personal infortnation. We do nol disclose this infortnation about you or � any tormer conaumers or cuatomen to anyone,excepi ae permitted by law, The law permita us to share this infortnation wiN our aKliates. The law also pertnita ua to share this infolmation with companiea that OeAorm I marketing. When we share nonpublic information referred to above,the information ie matle available for limited purpoaea anA under controlleC circumalancea. Wa require third patliea ro comply with our sUndards for securiry antl con�entialiry. II We tlo not permit uae of coaaumerlwstomer Information(or any other purpose nor Ao we pertnit third partiea to rent, 'I selL irede or oMerwise release or discloae InformaUOn to any other party. i Etluwtlon � I, As of the date of NIa faporf,1 antl/or Steven W,Bartelt,SRPA,SRA,ASA have completed the requiremenb nnder Ihe i continuing education program of the Appre(aal Institute and Ma American Society of ApproiseB. � , �� I I I I I I I i I I � I . � � I I � I I � I I I I I j 0.EV419I(S�t3) �� pennsylvania SCHEDULE AU DEPARTMENTOFREVENUE BUREAUOF[NDMDUALTAXES AGRICULTURAL USE INHERRANCE TA%DMSION E X E M PTI O N S PO e0X z8o6oi HARRISBURG PA 1yi28-o601 ' ESTATE OF: Jacob E. Kough FILE NUMBER: 2�-�3-071 Use this schedule to report real estate for which you ciaim an exemption from inheritance tax under the "Farmland - Other" Exemption (72 P.S. § 9111(s.i)) or the "Business of Agriculture" Exemption (72 P.S. § 9111(s)). Check the box below next to the exemption you are claiming (select only one): � Business of Agriculture Exemption ❑ Farmland - Other Exemption Complete Parts 1 and 2 of this form. Agricultural Conservation Easement; Agricultural Reserve; Agricultural Commodity; Agricuitural Use Property; or Forest Reserve (Definitions on back of form). Complete Part 1 and check the applicable category on the back of this form. Attach a written statement explaining in detail how the real estate qualifies for the claimed exemption. In addition, if you are claiming an exemption for any structure affixed to the real estate, identify the structure and explain in detail how each structure qualifies for the claimed exemption. Structures affixed to the real estate that do not qualify for an exemption must be valued and reported on Schedule A to the Inheritance Tax Return. Please also attach all supporting documents with the written statement, including the county assessment card. Failure to provide this information may result in a denial of the claimed exemption or a delay in processing your return. PART 1: PROPERTY INFORMATION Property Parcel Identification Number: 30-08-0593-064 Percentage of Parcel Exempted: �00% Date of Death value under 72 P.S. § 9121: $80,000.00 Physical Location: Fry Road Newville Cumberland STREET ADDRE55 (DO NOT REPORT P.O. BOXJ CITV COUN7Y PART 2: OWNER(S)'S INFORMATION Provide the name and mailing address of all trensferees of the real estate listed above (attach additional sheets if necessary): Michael E. Kough Son OWNER NAME RELATIONSHIP TO DECEDENT OWNER NAME RELATIONSMIV TO OECEDENT 530 Shed Road MAILING ADDRE55 MAILING ADDRE55 Newville pq 17241 �IT� STATE ZIP CITY STATE 2Ip OWNER NAME .RELATIONSHIP TO DECEDENT OWNER NAME RELA7IONSHIP TO DECEDENT MAILING ADDRE55 MAILING ADDRE55 CITV STATE ZIP CITY STATE ZIP Farmland - Other Exemption Categories and Definitions: - If ciaiming the "Farmland - Other" exemption, indicate the category below the real estate identified on this form qualifies: ❑ Agricultural Commodity - Any and all plant and animal products, including Christmas trees produced in Pennsylvania for commercial purposes. ❑ Agricultural Conservation Easement - An interest in land, less than fee simple, which interest represents the right to prevent the development or improvement of a parcel for any purpose other than agricultural production. The easement may be granted by the owner of the fee simple to any third party or to the Commonwealth, to a county governing body, or to a unit of local government. It sha�l be granted in perpetuity as the equivalent of covenants running with the land. The exercise or failure to exercise any right granted by the easement shall not be deemed to be management or control of activities at the site for purposes of enforcement of the act of October 18, 1988 (P.L 756, No. 108), known as the "Hazardous Sites Cleanup AcY' ❑ Agricultural Reserve - Noncommercial open space lands used for outdoor recreation or the enjoyment of scenic or natural beauty and open to the public for such use, without charge or fee, on a nondiscriminatory basis. ❑ Agricultural Use Property - Land used for the purpose of producing an agricultural commodity or devoted to and meeting the requirements and qualifications for payments or other compensation pursuant to a soil conservation program under an agreement with an agency of the federal government. ❑ Forest Reserve - Land of 10 acres or more, that is stocked by forest trees of any size and capable of producing timber or other wood products. - - _. Business of Agriculture Exemption - Annual Certificetion - To maintain the "Business of Agriculture" exemption, each member of the same family who has inherited real estate for which the business of agriculture exemption was claimed is required to certify to the department that the real estate still qualifies for the "Business of Agriculture Exemption" for a period of seven years beyond the decedenYs date of death. If during the seven-year post-death period the real estate ceases to be used in the business of agriculture at any point or does not generate a minimum of $2,000 of gross income in any year, the owner(s) must notify the department within 30 days of such occurrence and will be liable for inheritance tax in the amount that would have been paid on the fair market value of the real estate as of the date of the decedent's death, plus interest. The department will supply the owners with the annual certification form. � ;) 5.W. OARRETT REAL ESTATE AN�AISAL SERVICES e.i� Fiie No.12-0027 -_ _ _ . _--__ . . _,-. . _ __... . . _ _...... __ . . ___—_ - . .. . _'____ _ 1 � i � I i � APPRAISAL OF i � � - -- -- - --- `- --- - �--- - - -� ----___ _. .. i -- � I I i I """ �. � � . : . �- I ..�+I�+YIF�l��wr.ws�es'�....�.��x+�+Ka.a... � � _ _ I Ier�J.WI�� 'S�_y w�.��.'��`�" -�..v[ ��'n'b a' � I�'�' " ,-.�'!�.� 7�+��r"+^'�� i ��., "� —s��.— Jr,� -.�... I-��"' .r��,.,d"_. I Im,.�, '''_� i ._ , .� ; I ---"- _ - ------- - - - -- - - I I �I LOCATED AT: " I I Fry Road I Newvflle,PA 17241 � I FOR: I I Marlson Law Ofiicea Ten East High Street Carllsle,PA 17013 �I I BORROWER: � Kenneth E.8 Earl J.KOUGH I AS OF: IFebruary 10,2017 � ' i I � j BY: I Stan A.Skowronek I PA Certiflad Resitlentlal Real Estate Appralser �� i �_ . I 5Gh. �, �-�em l.o � S.W. BARRETT REAL ES7ATE AN�AISAL SERVICES S�� File No.12-0017 . � I I 03N5@012 ' i I l Martson Law OKCes ! Ten Eaat High Street I Carlisle,PA 77011 li File Num6er' 12-00]7 I f I 1 I In accordance with your request, I have appraised the real properry at: � Fry Road � Nevnilla,PA 17I47 � 7he purpose ot this appraisal is to tlevelop an opinion ohhe market value ot the subject properry,as improved. ��i The properry rights appraised are the fee simple interest m the site and improvements. I � In my opinion, the market value of ihe properry as of February 10,2012 is: i i E340,000 Three Huntlred Twenty Thousand Dollan �'� � i The attachetl report contains the description, analysis and supportive data tor the conclusions, � Ifinal opinion of value, tlescriptive photographs. limiling condrtions and appropria[e certifications. �I Respectlully au0mittetl i I I ��Wr� I SGn A.Skowronek IPA CertiTied Residentlal Real Eata[e Appniser � I � I 1 I � � i I � - _' . '__. "' ____ __ "'_'__._' ._- _ ' _ __'_' _._ ._ _ ___ _ ._ 5.W. Barrett Real Estate 8 Appraisal Services LANDAPPRAISAL ORT �nPNO. tz-aon �;. iM1e pmpose al . mary appiaisal iepo�l is to pmmtle tne IentleilUientw�l�an accu�aie �:�� Quately suppoi�ea opimon ol tne maikelvalue o��he sup�eq O�operry. vmve�rynnmess�. Frv Road ciry.Newvllle s�are�. PA zip:17241 eo«owec Kenneth E.8 Earl J.KOUGH Q,vneiolcubucRecmO: Kough.KennBtM counry: Cumberland tegal oescripiion� �eetl Book 118 page 483 'E.8 Earl J. asssswrsaaiceib'. 30•08•059Y084 Ta�veac 2011 R.E.Tares�. 408.00 r�eiqhbomootl�vame:� North Newlon Township uaoReieience'08-0593 cenwsiiacc 0128.00 SOecialASSessmen�s: Nonaknown PUD (�ves �]NO HOA'.ENIA � vervea� � Peimonm PmperryRigAtsAppiaiseC: aFeeSimple �LeaseM1OM �O�hei(desoibe� AssignmenlTyOe: �Po¢haseTianuclion �RefinenceTiansiclion �Olher(tlewibe� V21 I tIPIII lenGerlClient Me a atlGress T r r I PA 1701 � • I OaW ❑Oidnot ana�rzeNemnuaclbisalelarlhew�jeclpurchase0an5acMn.ExplamlAeiewASOlNeanaysisalMeconhatlN�wkarvAiyNeenaysswasnolperbimeC. ConratlPnceS'. NIA OaleolCOnVacl: N/A Is�nepmperryselleilheowreialpublinecmd9 Yes No OataSamoe(s)NIA Is@erearrylinanoalassi5lanre(Iwncharges.alPCOncession5.gAlmdovmpdymen�assislairce.eleJNbepaqGyanypairynnCe�allo11he0onoe.eO ❑Yes No II ves,r¢Oan IM1e�olal Jollai amoun�anC Dexiipe�Ae items lo Ue pai0. E N/A Na�e'.PeceantlUemcialcom sMnallhene n�omao0areiwta iaisalhcrors. Negh�or�oopC�aiacleristics On¢-Uni1HOU5irqit¢nOS OOP�UOAHOUSinp PiPS¢nlldOtlUSP% Laewn Wban SuEUrban X Rwel wn e VaNes �Mieasm J( SIaOk OMinin PRiLE nGE One-Unn 30% Buip�U Orti]5%X 15-1594 Untlei25% OemanNSu SAorla X InBalance OveiSU E000 s 1-dUnit 0% GioMA ftatl X Slablp Sbw Markeli Timg Untln3m11i5 X 3�6m05 Ovei6mtl�s BOlaw 10 MuAiFemi 0% r�e�nbamooa eou�aaiies: The su0 eet ie bounded on the north b Enola Rd on the east b 240 H n 100 eommemmi 0°m Bloservills Rd on the soulh b route 11 and on t�e west E route 898. 720 crea. 75 omei Vae 70 as G000 AvH, Fdll PWI �iOU� Av2L Feil F001 ConvenlenceloEm b menl 7( Pi e Gom ala�ili X COnVQniepCP105h0 i X �iPIM181A PdIdnCP0lPto IDls X ConvemeMetoPiima ECUwAan X Atl ua olvolke�Fiavmixtion X Comenien[eNRenea6onelFetililief R PmkcOOnhomOettimenialCOnEitions X Em ent5lnbil' X UemllA eelloMarMel X Ne heomoaa oemn oon�. The eub ect is IocateA in an area o1 mixeA realdentlal and a rlcultural uas whieh(s common to Weatern Cumberland Coun . It le wtthin reaaonable drivin dletance to ammenitlas such as schools sho In and sm lo ment. Maikeiconanbnsnrcbnin si rtbimeaowecoMNSions. LISVSaleratloa roximatel 98N..IhavsCOnaldaredrelevanteom alitivellatin s antllor controct o(terin s In the eAormanu of thla a raleal and In the trendin Intormatlon re orted In this aeMlon. N a trsnd Is Indlcata0 1 have attaehed an addendum rovidin relevant com titiv�Ilatin eonin�t oHerin data. Lxal muld-Ibt tlata indicatee atable markat in t�a aat calantlar ear with no a rociadon In the sub ecta markat area with an avera e marketin time ot 90•180 da . Economic trenda and lendln raten have remelned favo�abla. Salea concesalona ara occurin moro fre uentl � howavar thers ia no known revelanu of unusual seller flnancin conusslons or bu tlaxna. Tharo are new homes untler conalructlon in surrountlln develo amanta aa well as reealea availabla In lh�nei hborhood. Dimensions: S!!1lg31 d86GdptlOn Aiea:40 X Acres Sp.FI. S�ape'. IfRgUl2! Yew O �COUOt 2aninpciass'ificatbn: Nonsknown ZonmBOex�io��: NIA ZoningCOmpliana: Legal LeBalNOnconbiming(GraMlalheieEUte) X NaZanmq Ilkgal(EeuriOe) Usespeimilleeun0eimnemzonnqregulatrons�. A dCUltunl/Reeidentlal Hignest68estUS¢: Re6ldBnt181 Dewnoeany'imoiovements: None Dopresenlimpraremen¢conbrmrozoninB° Yes No % uaimprovemems iiNp,exDlain- vreunmseoiwo�ensae: VaeantLand Curremaro�oposeGBmuntlrenn ves X Ho ilves,EN/A T000qrapM'� ��al Sae.Lar er than normal oieMege:A ars Atl uate CameiLOC ves X No VntlerAiounUUlililres'. Yes X No FenceO' ves X No Itves.rype: NonB SpecielGboOHazaiJAree ❑Yes ❑% No FEMAFIOoOZOne'.X FEMAMaOM- 42041C0195E FEMAMap�ak'. 03H812009 UTILITIES Pu�lb Olhei Piovitleior0escri�ion Ofl�Sittlm iwemen6 T eNesni tion >uElm Ol�ei Ekco-ki X Publie SueeiSwiace Maeatlam x cas snee�r nnnuen�e Seeonda INautral Wat¢r X To be Well CurWGUtlei None Sanna Sewer X To be se tlC Smewalk None othei Streeui nu None ONer Alle NOO! Are�AeutillliesanOaX-sileimprovemenl5rypicalloilAPmaikPl? X Ves No IINO.tlescnpe'. A�elhereanyeR.EiS¢si@condiWnsme�temallactors(easemenls.encmachmenls.enrmnmenidlcondilions,�aneuies,e�C)? Yes 7� No IIYes,tle5Gi0¢: sire eommenn� There are no a arent adverse eaeaments eneroaehmenls or other adverse eontlitlons. Cartwa aeeesa to rear' of slte oH of Greene dn Roatl. o�oa.na�mawwm....wa�eri��....«,.ewr. wo_:omo+u�o � 9.W. Barrett Real Estate 8 Appraisal Services LANDAPPRAISAL RT vuerm. t2-0027 � fheiea�e 0 iablesilesounenl olleieGrorsalemmesu�PqneiAbomootlianin in iicefu? 00000 to E 500000 rne�e aie 3 mm aiabie si�es wI0 in�ne ast l2 manms in me su�ea nei hoorhoaa ian in in sak iKe hom S 400 000 io S 500 000 FEAiURE SUBJECT COMGqqqBI.ESALEN0,1 COM�APABlESALEN0.2 COMPARABlESFLEN0.3 �atlress Fry Roatl 39•10-OJ12-O50 48•OB•059L001 43•OSO417-09J a 5�n Newville PA 1724t Duncan Rd.Shi ensbur M4 Rock Rd.Newvllie Enola Rtl Newville aro.�m� msub n 8.74 miles SW 7.73 mi�as ENE 5.25 miles NNE oausowres Ins ection Courthouse Gourthouse Courthouse venhcatlon5ou¢es Courthouse saie ance E NIA E 455 000 s 478 000 E 618 000 wke�Acra E 0.00 s 8 45 s 7 57 S 7 80 oa�eo�saie MO��nna N/A OS/OS/2011 17/08/2010 03/011T011 oa onMeikei NIA NIA NIA N/A Financin i e N/A NIA NIA NIA Concessions N/A NIA N/A NIA locauon Rural Rural Runl Rural Pio er a� n�sa raisea Fea Sim le Fee Sim le Fee Sim le Fee Slm le Sne size Acraa 40 53.82 89.08 53.59 view O en Count O en Caunt 0 en Count O en Count To ia Level Level Level Level AvaiiabkUmmes Elecltic Elecldc Electtic EletMe Suee6mnW e 888.4 fl 4d8 fl 100 k. r5% 379 1 700 k -5% -390 sbeeii e Seconda Seconda Seconda Seconda waie�meuen<e None Nona None None Fencin None None None Nona im rwemems None None None None Zonin None AC 0 R2 0 Nona 0 Nel AO'uslmenl TaWI,in E X « 5 0 % � S 379 X - S J90 A�jus�5akspncealNe NeIAUI� 0.0% NeIACI� 5.0% NeIAtlL -S.OVo Com iab�e Saks in5 Gios 0.0% 5 8 454 C+asae. 5.0% S 7 957 Gross . S.0% S 7 d10 The Nppiaisei�aveuaahe0 Ne Vanshr hismry o0he su6�ec10�opeiry br�M1e Oa9]years ane ihe IisUnB h�7 oI lAe abjM br I�e pas112 monlAS piior lo me ellectrux tlale ol ihis appieisal. IDe appreisei�as also resemcheE��e«ansR�antl listlng his�ory ol ilre mmpam0le uks br Ne pa912 monNS. iAeapp�aiseisieseartA ❑tlb �Jbno[ �evealanypiiorsaksorVansR�salNembjeclD�opeitylarNe�n�eeyeais0�w�rolneellecm2Ua�eollheaDO�a�sal. oau5aurres'. r TOeapOra�sei'veseart� Uitl tlbno� revealany0�a��saruanskroofNerompaia0ksaleskn�eyearOnonoihetlateolsaleolNecompaiabksak. oa�e sowces: Tnea00�aiseisreseercA tlitl tltlnoi revealaMP�wrlisxinpsolNewbjec�pmpeMm�ompmablesalesbnheyearpiioirolheetlxlive0ateoltheapP�aisal. oau sawces'. ListingRmnshrHmory Tran51eU5ak�ONLY)oiNe LiAinga�dIIanskiAismryol LiS�inganaTrantler�isroryoi listlngaiMtianslerhisloryaf (it mme man nro,use commenn Su�jM in past 36 monNS: [omp 1 in pan 12 months�. Comp 1 in past 12 monNS'. Comp 3 in pag 12 monms�. section m an atlEenEum) S N/A NIA s NIA NIA S NIA NIA S NIA N/A S s s s SubeclPme isCwrenl LiS�eUFOiSak? Yes 7( NO oausou¢e: CentralPennMUltbUstS IBT CwrenlUStingHislory Li5tDa1¢ li9GiKe OaysonMerk¢I DalaSOmce NIA 5 N/A N/A N/A Sue tame nasCcenlisleGwnninmelastl2Momhs? ves % NO DataSaurce: CBntralPBnnMultl-liatS tem 12 Man1�lisling Hislory LislOate UsI Frke DeySOn MmNe1 Data 5owce N/A f NIA N/A N/A NIA E N/A N/A N/A cammen�san armr sakvrransrers ane cwremana wni t�rm s: No rbr tranafera of the sub eet within tha ast 38 montha nor wem there an rior tranafero of the com areblea within 12 montha oi their sala date. 5umma oiNe 5aks[am ariwn n ioazh Allhou h com arable No.21s mnatl R2 It Is similar to the 5ub eeYS HI heat antl Best use' theretora no ad untment taken. The riu er acre ren e is S7 d00 to S8 400 r acre: SAY SB 000 er acre. Sub ect acrea e of 40 acres times 58 OOOlacre= 5320 000 for sub ect ro rt . aeconnra�mn Cammenn: The Dimet Salea Lom arison A roaeh was utllized to arrlve at tha o Inion of value for the sub eel aite. The Cost antl In�ome A roaches were not utilized. Tnisa raisalismaoe X 'asiC,oi mbe<tlomebilawinconnnansarmsectians' NOaddltlonaleondlHonaeonsidered. BneE on acomplete W au�l imvK��anoltne sub�ecbite ma tM1OSelmpmvemmbupon aaie viM1,aerineE rtooeaH.ork,nmmentalnaumo��omana IlmitlnpconUltlona,anOappqlaer'fcertilicatlon.my�ovqo0��ionotmarketv+lue,uEeflneU,olt�e�o10/opetrytbatist�efuEjedolihbrtporHS: - o imanonMrtervelue:f 320000 aso6 07110@012 wnicniametl��eonns«nan�nemeenec�W<aneafmiae aia�i. �,omK�a�o-v�u mw...em ev e rn..�..a.e.em >.p�zd. i . wRmia S.W.Barrett Real Estata 6 Appralsal Servicee S.W. earre[t Real Estate 8 Appraisal Services LANDAPPRAISAL ORT FneNO. i2-ooz� .- . IsiheUevelnpei�buA�ennconuololi�e Homeavme�s'PSSOaalion�H0A1° ��es O Na • UnitNOe(s): ❑ DeucheE ❑AllacheE PiovitlelAefollnvnnAi�loimalqnbrPU�sONLY At�eOevelo0atl�mberiSmcOn�mlo�fne HOAandihe sutl�e[IO�opeiryrs an aRa[�eC tlwelhng pnil. 1eg31 Nflme nf Pmlpt,�r1(A irnalnumbeio�ohases N/A Tnia�nnm�ero�unns: N/A Tota�nvmberolunnssok' N/A To�alnum�erolunnsienietl: NIA roialnumneiolunASioruk. N/A oalamwce(sp. WA 'Na51Ae0�o�¢clneatedbymeronveisiono�exisnngbmitlmg(s�inloaPUO? ❑Yes No ilYes.daieotca�v¢ison'. NIA Doesl�epm�ecimnumanymulo�dwelhngunnsl ❑'/es � No DataSomre'NIA AreNPUnils,commonelemenlS,anGiett¢d�ronla01itie5[omple�e) �Yes ❑ No IINO.aexripe0e51aNSOl[amplelan: NIA oeuribemmmanekrtrenlsantlieaealmnallanlitks. N/A � � • This reporl bim is Oesgnetl N repotl an appiaisel oi a paicel ol lantl whrtn may Aave mrtie mmonmprovemenR bubs not consideretl lo be en'impiavetl sile'.FII impiovementl are consiJeieO lo b¢olrelalNeMmmorvalueimpadan@e overallvalue ollY�e sile.IDisiepohlmm rs noltlesgneGloiepoilanan"impiovetl Sle'wAei¢sipmlicanlvalue RdemMhomlAeimprovemanls. Tpis apprai5al repon brm may be used lor sinBle hmiN.mWli�lamily sles an0 may�e indu0e0 m@m a PUO Gevelopment T�rs aOG�aisal iepail is su0lecl to Ihe bllu�nA scope af wark,mtenaetl use,m(endetl uuL OeM1nNOn oi maikelvalue,S�atementaf assumplions antl limnmp<antlitrons an0 cernikalwns. MoUAkalrons,aetlnwns,or0ekoonstotne�neenGeCUSe,inlenUeeuser,tlefinnnn olmaike�value,o�asvmpt�onsan0iimiiiiptonGi�wnsare no�0e�mirted.TAe appraiseimayexpanUt�e scope otvrorM w inclutle any atlGitional resea¢h or a�aysis necesssry�aseA on the commpkxiry a1Nis apptaisal assignme^t Motlil'eations oi�eleiions to Ihe ceinMauans eie ako no� pe�mmeG.Ho+rtvei,a0dmonal rerM¢ations mat Oo nalconsumre maierial alterelwns ro tnis appraisal repon,wc�as 0ou reWrtetl Gy law oi 0ose relaletl ro�ne ao0�aisei s camimm�g e0ucalionm mem0e�5M1�pinan apprdiselorganrzaliOM1 aie p¢imillep. scoeeocwonK: inexopeMwoikfi��i5appreiv1i50eM1netlbymecomplexiryo�Nlsa07�aiulasslpnmemaMtherepomnBiequirememsoiNisapDraisalreponbim.l�Wdingme IolbwinB Definitbn ol ma�ketvaUe,staremenloiassumptqns anJ IimNnB co�Milq^s anG rerliFCelbns.Tiie appmise�muA,at e minimum;(1)perl0�m a compkk vig�al inspecfion ai Ihe sub�ect sne anC airy IimAetl imprmremenuc,(2)InsO��me neigAUmhootl,(3�ms0ec�each ai Ne camparehk ssks hom at�ees��Aa SUeal(a)�eseam4 verip antl aney[e aata M1om Bliabie publc anWOr pmale somces,an0(5)i¢paR ha or Ae�anatyps,opi0ions an0 mMNSbns in�hrs appreisal iepoM1 mTExoEOUSe: TAeinMntlECUSeolmeappiaisabepo��SNrlhllenaepclrenlNevalwlelAepiaperryNa�uthESU�jec101Ni5a00raiwlloiamoilgagefinanc<tranu[Fnn. INTENOEOVSEN: ThP10�¢IIfIPdO5PI0INRIP�tl15111¢IEIIQ¢Ik1iPI1�1dPllbl'RQwtlIII111A¢dppldK31R�M1 OEFINRIpNOFM/.RKEfY/.WE: iM11qAP(OOd�IQQfR¢WQIUIdD��H�W�O��dW111P2WRdIldppC11111dfYRlUNJ21duCAlbM1qn5f0]ul$QCVlfl13u531Q,(h¢UUy2tflfld selk�eac�acling pru4enRy an0 Mnowletlpea0ly,an0 assumiig Ne pise is not alleneE by un0ue sAmulus.ImplKil m tM18 Eeflnnion rs me conmmmation oi e sale az o�a 5peoheE eare aiM�Ire pasurg othtl¢fiom selki ro dry¢r urMer coMilipns�Mre�e�y:(i�buye�ana selki eie rypicaly molt+aletl;(2)bom Oarlres are xc�l inloim¢tl or well ativisetl,e�G eacA aNnB m�a11�eY cansber Neu wm besi inreresl;(3)a ieawnabk ume is albxeE loi erposure in roe open markei;(a)paym¢nt is made in krms olwsh in Wnetl Sta�esC011ars ann termsoHmannal anangemen& comparabk Nere�o:anG(5)tAe prke repreunls0e mrmal consiDeiaoon bi Ne piopeM s^�unatlecled Ey speciat o�nea�rve bnancrtig o�seks conresuans•B�enkE by anyone assonatN wn� Ihe sale.�SOorte:OGQ OiS,FPS,&FDIC joim ieguW(wns pu�lisTep]une i.159e7 'Atl�usMenls lo Ne[ompam�les musl be maUe b�sD��l at creaAVe mn[¢upns.No dGN��aie�Eessary lot Ihpse rqsls NTe�are noimaly PeiO bY seller5 as a resutl o�Vatl�vn ar Ww M d111Mkp\Bi2H',111M![0515 dR I¢Etli�j idE�lllf2blC 5111C2 N85¢YRi Dd'/5�I1PSE COSiS111viMdNy dI1Si'R3M1di1WUM�5.5ytt131q CIEdVI!iX�2M111D 3tljJ5hMM5 W114R IN62t0111¢[0111pd1d0�.P pmpeiry�y compaumnsio financiip leims oAeieG Gy a IAVd paM�^��wnal knGer IAaI n nol aheaGy imroNeE in Ne pioDeM a�oanseclion.AM atlryslment sAauW not Oe cakuW�ed an a mecAanwl tlo1Wi br aoliar cosl ol Ne finencmg or toncenion Outthe tlollv amaum olairy aajus�mentshoub appionmate��e maiXefs ieanion ro roe linananp oi concessio�s base0 on me appraisefsryCgmem. STITEMENiOLI�55111�T10H5�NDLIMTINGCONUITIONS: TI@BppIdIYYS[P�IIILdIb11111NISIPp4111591�IC[INNL101bW1lIAd591111pIKN5dI141i0NOQC011�11qlI51 L Tbeappreiseixillnotbere5ponsi0lebimalleisDlakgalnaWrethetallectUesuCjeclpioOeMbeinqapp�aisedormelAleroA.erreptloimbimappnlAalheoislie �ecame aware oitlwiig tl�e reuvc�inwFxtl in perloimmg IAisaDD'aisal.TM eppiaise�eswmes��al t�e Mk is gaotl aiq markelable enE will not renaei aM op�ans abauU�e lAk i. Th¢appraiSeiM1aseremmeEOeawAablellooGmapsihe�aiepiwdetlbyNeFetleralEmergeM.yManagementAAercy(aioth¢etlalasaurres)an4�a5�otetlinAn appraisal r¢ponwfie0ei airy poNOn o�Ne w�l��s�e is Ipcaletl in an denldWOSpttul fbpa Meiaia Prea.BecauSe IM appmisens nol a suNeyoi.Ae o�sAe makes no guaranires,erpiess onmpled.reBartling 0rs Ue�erminalqn. 3. TM1eap0�ei5eiwillnolB^ti'IeAimonyoiappearincowlbKauseAeorshemaJeanap0�eisalMlAepiopeM�^9��w^unkssspecd2ananBemenlstotlosohavebeen ma0e�eb�e�anG,or as omerMSe reqW�eO PyWw. d. Tp¢dpD�a��lAdSnOK'�iI11AKd00�dl5dllepohd�'dWFlSCton�ilplls(91CAa5111PpIP5POCeal�azd�00U51Yd51¢AIONI[511tl5UMPS.ek.)oGSGNCd00dnBN2 mspectpn o��he wE�enpmpeM or ihai�e ai s�e Oxame awaa o�UUrlip IAe researc�imoNeO��perbtminpNaappreisal.Unkss oNerwiu bereE in IAis appiarsal IQpOlI IM1Q ep0�di5P!fId5110 NIIOW@�BQ 0�d�F/hIQ�P110�0110ppNCl11 p�yMdl�PfifRlIO250f dRYClY[O�tl�Ip0501 tl1P 91b�Ed pf0plfly(SIIfA 85.bll��OI IIIIIi�Qd N, n¢etlPtl tepeiis,4eleiqraMn,l�e pfp5¢Me a�AetarMUS wa�es,loerc aLSlaMes,aMYrSP emnionm¢nldl<onENOns,elc)I�al wJUM make NOO�op¢Ry less valuabk, anE haz assumeJ IASt�here are no sucp conEnrons anE makes no guarantees or wa�ra�[�es erpressar impli¢E.T�e aDOraise�wlll nal be respansible br any wch cOn�hwns IAalOO exisl oi br tAe engmeenng oi tes�ng Na�mgAl b¢repurtM N discovei wtiertM�w[A contliiion eMisL Befause Ih¢appeaiui rs not an e*pe�in Ne li¢'A W¢nN1pIf4MM2{�did�dS.IMS dppldSN IIX�S IMib!COM14NEtl d5 M¢MMO�mM1121 dS5t55�12�1�i ih!pi00HN/_ •VpR111$EP'SCENTIFICGt1pN: TIIPAQp18�5CICP�111k5d114da�E¢Stl18t 1. I M1ave,a�a minimum.UzvxbDeO antl repoited lhis app�aisal in accorUance wM t�e sc00e ol vmiM iepmremenB awletl in IN5 appra5al repoR 1. I perblme0 e wmpMle uiwel in5p¢clb0 al�pp SYb�e[(sAp dnE aIry hmi�¢tl im0��m¢OR.I haw�epOrt¢0 Ne inb��la40n�n IdcNal aM spetlfit lefms.I denlifietl AnC �ep0itetl Ihe dPlKiencieso�ihE w0�Gt1 site t�al coulJ all¢[�Ilie u01iry ol IIM 5A2 atM i6 u5¢IYlness as a OWIUnp bl(s�. 3. 1 peibrmed Nis aPG�aisal ln accoNance ml�Il�e requvemenis ol Ne Uniioim Siandaidsal PioMssronal Appmisal Pra[ICe Inal wert ado0�e4 and pmmuyalM�y��e Appmisal5lanJaiGS BoarJ oi ihe Appraisal Poundalbn antl Natwi�e m D�a�e at Ne lime IAis aOP�aisal rtpo�was O�epaieJ. 0. I IIPVQbOed mY OOIIIq11011h2111df�lElYd�IIE 01 NQ IP,d�p(4PCM1y lAd{IS l�lE 9}b�ECIUI(�1ISlEp.'II(�d'SCQOII l�lE 53�P.SfA�114Nl5011 dp0��YS�LLE.1 hdv¢dS�EQlldl2 compaiaUk mmke�daie�o ap+ebp a rsllabk sales<omparimn a0p'oach lor mis apP�aisal asvp�mem.I Nit�erteNy Nal I convpeiltl�ne m9 ana income appioac�es ta value bW tltl not devebp @em unless mEkated elSewM1ere vnAlin Ihis repo�as Iher¢a�e no or very Ilmi�eU improvemen63ntl Ihese approacPes to value aie nnl aeemeJ necessary roi cieU01¢rewltantllonel�eble inGkators of vaWe bi I�is a00�eisal assynmeni. 5. �resea¢hetl,veiilied,enaY�zeqanarepone0onanyanemagreememioesakbr0¢w��e<tpmpeM.am/ottenngbrsakoflhesub�eclpiopeiryinlherweNemomns p�ia to9�eeqe[Vap dMe o11MS app�aisal,an0 Me piioi 5aks MNe wb�ett D�opeRyio�a mmimum otltiieeyea�s pibr lo 11ie eNeclive tlale o11M1is apDraisa�,unku Olh¢�vn5e IndGl¢tl N IM1K!¢pOM1 fi. iiesearcheC,renfied.anahze0,antlieparle0on�hepirorseksolllrecompampksaksbiamimmumoloneyeaiprarN�betlaeoil�esakoltAecampaiabksale, u01¢55 of�QlWiS¢InQCd�in IAi51ep01L Z ISelecleOa�EUSeU[ampaia0k59ksNa�arebcaAOnaly.p�ysrtalry,anpNnclanalryNemoslsimilerlo�Aew�pnpiapeiry. B I�a�renotunWCompaiapk581esihatwerel�erewAOlcampmmgmWtipleVansacGOnslnlortporteGSales 9. I pave iepohe0 a0rysimen6la Ihe[ampdiabk saks Iha�iellecl0e ma�kefs reaclion to me GMe�enaes�eNreen I�e w�l��PmpeM end IAe compaia�IC sales. L�. iMVeverAie4.pamadisMx¢�¢uednwce.aNmb�mmwninl�is�eponNatwasqwqeCCypaiceswho�aveafmancmlim¢�esfinthesakmlinairc.nqoiNesuo�ecipope�ry. 11. I�ave knpwledpe an0¢ryeiienre in a00reismp IM1is rype oi piaOeM in Nis market aiea. 12. 12Ri 2VldfQ 01.30d M1dV!3CC24 N,�hP OPLPSWIY dIM d�P�Oplld@ pllbl[dlld pMd�P dd�d 5002E5,SU[II d511NI�QlE IISIIpQ SQNI[ES,IdX d55Q551�20�@C0145,p11G161d1111 rrtcarCS antl olAer such tla�a Wwces b�Ne aiea�n whkh t�e O�operry is bcaled. �.�m�a.9��c�n..seoon.errr....awer�. m�o r.a�a� ` ' 9.Nl. 3arrett Real Estate 8 Appraisal Services LAND APPRAISAL ORT Fee,vo tz.00z� . , 13 Inhidinetllhelnlormrlion.e9imea@s,antlnpiNOnshrtnishetl�yo1M1¢rpdNesdnd exOreSiPtl mlh6apPi�i3xlieppilhomieba�le Sourcesl�allpP.liev¢Ulo be Vueana toneaL 1<. I have laken mto consbeialron @e lactors IAA have an impad on value with respect to Ine w��eci negAbo�hoaJ,sub�e[t pm0e�ry,an�IAe pmvimiry ol Ihe su0�ec1 prop¢iryla ativeruinlluencesinlhe developmenlolrtyppmionolmaikelvalue Ihave noleOin�NSapp�a�salie0oilany a0vei5e contlinons�su[�aS bu�nollimiNJ ID IIQPQptllppolB,4F@lb�d�Ipp,IhP PIP520L¢Olhd2dltl0Y5WT51Q5.�OXlf SU�SId(RPS.dM2lSC pOVI�ON11P,01d1[OMi�qpS.pff)Ob5¢NPd tl011�g�11Pi050PCIp0 Ofl11P aublet�p�opetly or Ihal I became awaie ol durmq�I�p res¢nrcM1 implveJ in peibrmi��MS appiai9l.I�ave Cans�p¢i¢tl t�ese advPise candil0n5 m my anayAS ol Ihe propeiryvalu¢,anU Aaverepor�eG on�he eXectalihe mntlitionsonl�evalue an0 maike�abiliryotlhe sub�eclpiop¢rry. 15. I M1ave no�knowingty wh��eb any sigmM1Cani inkima�ion hom�p�s a0p�aisabe0o�t anq 1a Ne besl ol my knowledge.all s�alemenls an0 minima Wmn Ws aDP�aiul iepo��are Vue antl mnetl. Ifi. I s�aletl in IM1iS appraisal repo�t my awn persondl,un�iaseG,anJ piolessronal analyss,o0inans,anG ooncWSans,wheh ar¢wb�ecl onN�a��e assvmpuons antl Iimiling con4nwnsininisaoVraiSalreOon. ❑. IAave no presen�arprosDecltveinlereslinihe propeiNlhaliS�Ae w0�e[lo�thivepor�,antlihave no presenloipmspeclrve personahnhieslarpiaswilh resDetllolhe panmpan6 in tAe Iransaclron.I GiC nol base.eilM1er pa�0aly oi campletery,my anat�5is anAlor opinron alma�kel value in Ms appia�sal iepoil on tAe race.<alo�.rehgron, SCX.dAP,1112111y�5�dN5,lydOdICBP.Id11111i315WW5,01lId4pOdI01RfIIl0IP1111P1111P p�OSpQCINQ OWfIPlSOIIXCp08�IS01�hQ N�IQtIplIIpC11Y010�111P OIP,Spp�OW�QI50f acupanis ol ihe piapemes in Ne viciniry ol ihe mbjecl pmperry o�an any oNer basis pio�i0netl tly Ww. 1B. MyemploymenlanGloicompensatlonlorperbrminplAis appraisalorartyluNreoraniinpaletl aOP�aisalswasno�contlilmnedon anyaqieemenlorunGerstantlinp, wntlen oroNervnse.lAallwoultliepml�m pi¢sentanalysis su0po��g)a Oretlelerminetl speolkvalue,a O�ede�ermme0 minimumvalue,aianAe orOneclronin vabe. a value Ihat lawrs me cause ol any parry,or Ibe allainmen�of a spenM iesutl ar ocwiren[e ol a spenM1C wbuquenl event�w[A as appiaval ol a pendmg morlgege loanapplmalpn. 19. I peiwnalN P�eOaietl all contlusions antl apinions about Ihe real es�ale ma�wxrt sei Imlh in IAis ap0�aisal repoR II I relieE on sipnilicant real pmpeiry appraisal assislance hom any InUrvitluals in me perlormance ol ihis appraisal oi IM1e preparatan ol @is app�aivl repoq I have nametl wcA intlrvitlwl(s)and tlixloseJihe specific 05NS peilormeJmlAis ap0�ai91iepon.ICenirylhatanyin0ivbual5onameUisqualAiMla Oe�lormlAetasks Inave notaut�onzeU an}rone io maMe a<hange N any ilem m�Ais appiaisal iepoh:lAerehre,any cAange matl¢m Nis appiaisal isunauNOnzeG an01 mll lake no respons�ilily bi tl. 10. I benlifieU I�e knaeiltlienl in Ni5 a00�aisal reparl who is Ne in0i+itlual,organ¢a0on,or aAem loi IAe oigan¢adon[�al oiGereE aiM vnll recervetl mis appieisal reppR 21. iAeienGeOClren�mayG�scbseortlisui�uteihisapP�aisalreponm�.tAe boriower,ar�alnerknaeralNerequestattheeormwer,��e moi�gagee ori�smaeswrsana assgns',morlpaBeinswers.gav¢mmenlsponsoietlente�pnus;a�hersecontlarymarke�paiM1npanR:tla�acollecMnpnepoilmp sernres:pmkssionalappreisal oiganilniqns;any tlepaiMenl,agenry,onnAmmenlaliry oI lAe WiteU SUtes;an�airy s�a@,Ne Di9ik1 otCOWmOia,or o�her juriSErtMns;wit�oul AamnB�o0lain Ine aUO�aisersm wpemsory apOraiser's�napplwa�le)consem.SucA consent mus be obumeE�elore ims aOP�aisal repon may be tliscbse0 0�tlismhutea m any oNer paiy(mcluDinp,putnollimiletl b,lhe puhlpWOUgAaMeiiising,puhleielalwns,nev.s,sylps,orolheimeeia). 22. I am awdR thal eny dixlovre or tlislripulion 0�Nis app�aisal i¢ppp py me or IM1e knOeAtlenl may�e w�l��IO cerlain laws an0 iegulalrons FuMet I am alw suhjecl m�he piovtians ol l�e Unibrm Staneai05 al Pialesspnal Appraisal Fracl2e Ibe�petlain ro Eiscbwie oi tliLiibulmn by me 23. Tne�onrvmi,anoNeilentleralMerequestofAreOOnower,Ihemor�gaBeearnssuccessorsanEasspns,mor�gaBe��wie�s.govemmemsponmreEemerpiis¢s,an0 othei serontlarv�rte�oarlkioants may reN on�nis aooraisal repon as oan ai airy morlgape MnaMe transarnon 0at imoNes arry one oi moie ol ihese parties. 1<, ilt�isappiaisalreparlwasttansmit�¢Oasan'elecvonmiecoiE'�anlemvgmy'ekNOncsqnaMe'.asNOSelermsare4eHire4inapplicabkleaemlanEloislattlaws (eFCbtlinA auaq an0 mCea iemetlirps),or a lacsimile Vansmisspn al NIS appieisal repoit wnleminp a copy or re0�eunlaWn ol my siBnaNr¢,Ne a00�aisabepotl s�allpeasellecV+e,enb¢eaEle anOValq asila paperversqnallliisappiaisalieportwxie aelrvereticonNmng myoiginalhanU wntlen sgnaNie. 25. AIryln�enlpndl0lnPAlppn�pli5lQp!¢Spn�d�pn(5)COnl3inpQIn11115dOp�di911e0011111dyflWllln crvillid�ililydnNalClimindlQPnaIGPSIfICIUtlInB•�u�Mlllltlikd W,lin¢UI imo��wnnrentoebotA untleilAe piovi5ronsofTiM1p 18.11niteC Slales[o0p,5eclwn 1001.eiseQ..aisimilaistalelaws. SUCERNSONY�VpRIJSEp'SCENTIFILATIpN: TM1QSpp¢rylSpryAPP1315¢ILPNHCShcl�delQQSI�dC 1. I tlrtecty evpemsetl Ihe a00raiser br Nis appreisal assipnmerit have rea0 Me appreisal repoq antl agiee wilh Ne appiaisei's anaysis,opinnns.slacements, conGUSbns,antllM aOP�aiseisceNhcalion. 2. iacceO�NllrespansiprlirybiNe con�entsoiNrsapp�aiseliepotli�Ndnq,bulnollimiteClo,lhe appimsefsana�s.apinbns.sta�emenl5.canclusqns,anOl�e appaisefsceitiAwtion. 3 t�ea00�aiseipent@etlm015appraisaliepatlrsetlheiaw0�wrihaoloiaianempbyeeMl�eapervimryaPG�aiur�anh¢aDP�aiulfirm�.isquah0e01operformNis a00�aisal,enEisacce0��le ro perbrm Nrs appiaiwluntlerlAe ap0lcabk s�alelaw. 4. T�isappraisalreportcomplieswiMlheUnila�m5lantlaitl5olFrofessqnalAOVraisa�P�acliaNaixeiea4op�etlanCO�omulAaLLNAyNeA00raisal5�aneaitlsBOaiOOi TAe Fpprai5dl FountlaWn anG I�al w2r¢in pldce al Ne nilie IAis apD�a�Shc repptlwas preOeleG. 5. IIN15d0U�diYIIPp01IWdSh8115111A�P0958M1'PIM�100[!P[014'C011�dlllillgllry'plpCpO�ICS1�I1dWlP�,d51hO5PIQlTSd!¢QPfi�p�IfldpPlMd�kIPQPIdId�dIplSldhldWS (erclu0inp autlp anU vitlro�xortlings),oi a lacs�mik transmisswn oI lAisappraisal ieponcomammp e[opy oi repiesenution oi my vgnaNre,ihe appiaisal repon s�ail be as elkclrve,enbrceabk aW velitl as A a papeneisron ol0isappia�wl reparlwere tlelrverM mnmininq my orginel Aaml vniMn sgnaWie. PVOR�ISEN $UVENVISORY/�VpRNSER(ONIYIFREQUIREp) SgnaWre �� • I rd/.�, Signan�ie� `� ��_ Name Stan A.Skowronak ruame Sleven W.Barreq SRPA SRA ASA companyHame Bartett Real Estate anA Aop aleal S es compamName Bartett Real Eatate antl Approisal Sves Comparynnaress SOS S.Hanover Street ComoanyAeOress SOS S.HanovBr 5treet Carlisle PA.17011 Carlisle,PA 17013 teieD�oneNUmne� 1-717•2A3-8848 ieie0nonervumtei 7-717-243-BBCB emaanaoress stanakowronek[�yahoocom emanptlGress StaveCdSWBartett.eom Daieol5ignamreantlFeporl 03H512012 oaieoiSgnaNre OJfS/2012 EIIecINeWleolAppraisa� OTH0/2012 5�a�etendvamna GA000298L S�iteCerlilcatanp RL0015721 oi5laleLwenseC oi S�a�e��cense x State PA or0lAer(tlexribe) Sqte� ExprtaUOnOaieolCeitihcalronoiLtenu O6/30@013 s�a�e PA PA CartifleA Genenl Real Estate Approise� ExOnalronpaleolLerlificationorL¢ense 08I30/7013 SU9JECTPROPERTV PACertifledRenlCenqalRealEatateAppraiser ❑o�eno�inspmisuoienumoeiry AppRE550FPROPERTYAPPRAISED �X Di0i05pPLlPtlP�pf0�511��QC�p�Op¢IfyIl01M1511pP1 FryROatl Daieolmspxuan 02H0/7012 Newville PA 17241 nPPRA5E0VAWE0F5UBJECTPROFEPtt3 320000 lENOERICLIENT COMGqRPBLE SALES Name Q Ditl nal mspecl eneiqr ol comparaEk sales bom SVeet Compenyr�ame MartaonlawOffleee ❑Dioinspenenerbiolcomoare�lesaleshamsreet CompairyAaOiess TenEaatHlphSlreet �a�eolmspecwn Carliale.PA 1707J EmatlAUaress nw.w�.�o.n�.��..emrv enr.,..,,i,.e.� awn�e� v,ro i�anumio S.W.Barrett Real Estate 8 Apprelsal Services . •.• . .. . _� „ , � . -. . .... . , .. . - - r• �_.... _ _�:.___ - .. _ .�� 1 . '�� w � �:4 ' ...f!flU ' �� - �^' t �` ..+��-�w I f�''��}....p'�:IL"�. . 'r.. .�:� �q�'-'.7',.F�� , :h �'_ .. 1 .ti • ..� . . T ♦ ,- '•• .,. �� . . , . _ . . . +-i"'.hg.-"--��r1.i_+iSC.1/��v►fvsni �.-��7a. `--.r..-..wl:�'�� . �� L�'$�"�___ �6. • •�- � .,r�'^r,v.:J '��+-- • ' �=" '��'r3—.i'��. - Ts " _-=. '.. - ,---~`r�`�wa—�=��-��t.... '�_��.r� � . _" : _ /_a•i.�r . . —_...-� _ _._��;. y'--'_ • -. �` . ' _�_�.�' Y ��,.:�..��Y�i�. �� .Y�� ' .�J� I .`� ..` . _ �t��eTw�r�( / �f ) 'p u �;-� ��M`�/ �.��. ' •y�'' . �' �� `�?:;'�.� i jP..r�q�;� e'� � � '� �. •;�7. f��.�,['•� ,;:'� sr+h� ;..S'�°- �r a' ��. a�z� � 'S+�,V,�'¢) J"'�'`�;a'•1-^,. y�%�1�' :+f '1j�. _ .} �'�? � v�� R' :'g�. t== �-. r;� `:� t, .i��. ,�� ` ', 2 � *�;r ;��?�;,�i';;�.��"h�f� F,••°5. .*... ; .�� .� .. ,��,r� , Y � � . , � � - , , s .. � �sk�� •' ;� jj��, :�� ,, ; , ' . � .�rJ� - �'"'''{' � .... ,.e i .-��_ � . . ,,,,•. ,.. ». .. 5 - ' _...; ..n. .. �. •,,..,,,.,�.�-•�.. ry ' � i S.T��r..w"�"� ..a.n-�< M . �+� � � �«a�f �T�. �{ � fµ •�+��-.��W . ✓�h�yy� j '.��''y`� g•y' 't'~'ri.�;'/:�Sr�Y.'s"'vy.�! �il .��' \!V I��Mi"'�'�� ^![�!14 BOrfmVeft Ken E.8 Ead J.KOUGN �`'�� FiIE N0.'. 12-9027 _ ProperryAddr � Roatl ! "'�� C2se No� City_Newville�J--�—'--- ��-�---�.-�ate: PA ZiP:17241 Lender:Martson Law OHices I [� - .,�. _ . . . . . . . .. . . . _ . . . 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UN SuEElvbtOn D��AUOpY Acna9�50�an Valu��uIIEInp V�IV� Ptic� SaI�Dat� Y��r MunICIO�IItp� 3 CoA� D�tVlOtlon Ff@ = V�lu�� S f lullt 30- KOUGH, OB- KENNETH FRY uND ��6. I NO0.TN I 0591-ESE�RLnO�D ^�II Iq nvll �voa0za0 OW83 40 0 ]8)000 ]8)OOa95)tl3/l0/199any11 NEWTON 05� ] �CRES — TOWNSHIP 3��5/�0�[ LOCATION M 6ormwer,K h E_8 Earl J_KOUGH File No.: 12-0027 PropertYAddress�. FrYRoad _ CaSeNO.: City_Newville __ __ State: PA ZiQ:17241----�� Lender.Martson law Offices — i i i I u `'3 � ,..eie _ .. I • . � I Jubli�ll`Q W�I . I I � I� , Comparable Sale 3 � a`` 43-OS-0417-093 Enola Road,Newville,PA 17241 � � (5.25 mlles NNE) i � II � �ecGce e '✓-'�G'.�new'h I {.non . 9.t1 I I - I99) . _ � e - 3'\ I 4 . t ke:'Sx✓- . _'_. ... _: -N I -Ve�nsYNama P I il Hebc�line 'y _ _ � � tic�'� � ,, RetevfY c� .,.. >... 33' �;:° � � - ' y Xc: _ _ ... � `'6 6''1 I _�_�- Subject � ke:'. ' Fry Rd .nnsy��p9�a P Newville,PA 17241 �,, ' _ � , I 'e sn . _ i Com arable Sale 2 C P > R �73 I ' _ ' li - 46 OB-0591 001 re, � Mt.Rock Rd,Newville,PA 1?2a1 � ' ¢ (1J3 mtles ENE) � G�een t„rinu c4 I ,�O Pi N°w�:;�[ �`• �~n nfM�lllLj S i � �. Comparable Sale 1 � I .r._ 39-30-0312-050 � � Duncan Rd,Shippenshurg,PA ll257 '��r =4 {6.14milesSW) I G !•� � J I , v � �,h:> o��k� ��4� $:JJU�`)IV'.�I. l u0 I ' ' ❑ ai:�.n. � I � '.Vnr:�G� " � i Iu W alnut Cottnr r1lvu.c � SP:.iu � .a0ouo,�. �.�' qaa^' . L a VA ., I � ��`O"'•>.: Shippensburg ° I n..�,u�� I irmsmad� � �i w I T'Jftolmr `� B,i .�� . �:� 5`miles � �' I + 696 � , �, �I BOrrower .` h E.8 Earl J.KOUGH File No.: 12-0027 PmQert�Atltlre55_FrYROatl Case No.: � Ciry: Newville _ State: PA Zj �p.17241 — �entler:Martson Law Officea � I /� `�\ , � , 9\ I �� . �cx� '. _ f � P G�„ I rq� �n. � y £. i tig�o� I I a d� i � 3 �J I StabNWyd00fi � --------- �� ; ; � , ; ��a �1� � � � �rR° Subject . ��,„.�^� �i Fry Road ��`G'�� ._ i�-'Y��yy� - - Newviile, PA 17241 • ` " ,g eoenen�e3� � A��y1 �1�� I �1�� / QC4-N+(Tdirs� I' I V 1.. C�qde RaitroM �36� ; I l'�� 359 Fry� � �s ��,��°`a� �" a� � I i � � F� i, �.!'-�� , � . ` lr/_\L, I u U � : i � . I . � I m � x g 44� I 8� r— \ � � I g �6 �� I / o FloodM3p�pgend ' FIOOA InTOrmation Gc�nn�urlt).42'S8J-9.'lE`;vTOh T'NF O'f UP:�ERI+WG P'oc�ZOnes Pio�cr,ylsrc:irafflhhS;PJUUlllncd�aza��cr„n � `rlapNnmbwr'9Jpl1t;f11"r.SF `.la^Gn!wU3�li::;'.pn I� +•ws�rv�0wed ny St?y<er 9ooelnq , Parel:�InSE F'PS 9�0J� I +nasou��e�o�iM�06ma504�ewheeP�-r Zunxx :34�� +ne�+•m<M�a ey'OPyMU fleeClny .�y�q� a,rn:rvnemCGY�LFYrnr9eaEM9,rXnv��lYnvaG � ,^�!�J� i'_�e'GyaV LNf �..�.Ilnn rn�: � �vi.:e A .J I'n,. . ::��Ac .l'w�l : �.,.�f.�:l n n..•n ♦ I yj� P'fGh]yY!lS�vr�v�lOt'YM.ViIE l9PIf5B11':f:l]'SC1..M:!!3.'I?S"J.l';C'N�Y��'_i.flt�l�IfP['I:i'v'�..i�:r�ll:':�i' wrto"�ane;:r�.h,�x-reG^rtin:.dra:m n�rr.n'.:.•m -- arilry..r ! a�.efNv.dMqminnaeNOO�:eYfeaanaLrna iw...l.�.i��.ul. np.iP,n.� ',.ili.illll'n..�a-I-.ii�a..�p^i�.n�h-, i P'�IS�91.T.f 'I"�41lp.11'.StNI'M1n:..:M�II!_Ili'�:u '�:f�'�.ra"I:'.�.ii..,p�!i�l.SUlq�� 'OY�4 0(I a^f PvC'Sllntl�IRM 1�n5 M1':-rA ic��^ I _ . . _ Fiie No.12-0027 "'""""" "QUALIFICATIONSTM*""*"*" The(ollowing checked items are SPECIFIC SPECIAL CON�ITIONS that were identifiad by this appraiser during the inspec[ion of lhe subject property,the comparables sales,antl[heir neighborhoods and locationa. Unlesa o[herwise noted,the conditions that apply[o the subject property or the comparable salea used DO NOT AFFECT 7HE MARKE7 � VALUE OR THE FUTURE MARKETABILITV OF THE SU&IECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appreisal to estimate market value. i I z_1. The su6ject ia locatetl in a rural area and ia lesa than 25%built-up. i 2. Commercial/lndustrial usea are locatetl within[he subject's neighborhootl. These uaes are typical of similar � neighborhootls. j I x_3. Vacant antl undeveloped IanC usea are IocateA within the sub�ect'a neighborhooA. These uses are rypical for tbe area. i � I _4. 7he predominant value in the�eighborhood is lesa Nan that of the market value of the subject property. This is due to the very wide range of value of propertiaa in the area antl supedor quality o/the subJect property. �I i i I _5. The subject property ia located in a F.E.M.A.Identifletl Flood Zone. Flood inaurance coverage is required and I suggested. 6. Dampnesa is noteU in the basement ot tha subject Stantling or running water waa not present on baaement � floor. 7hia contlition ie considered typical in dwellinge ot thfa sryle. � I x_7. Tha subject property ia servicetl by pdvate well andlor septi�systema which is common for the area. �I I _8. The suUJect ia older Man five�5)yean. All mechanical systema Including tha heating,elecMcal and plumbing I Isystems appear u0on a visual exteriw inapection to Ee in wo�king ortler. No wartantles are impBed in this etntament. i i _9. Repalr items were noted in the commenffi section of the repart. Theae commend on repair itema are for � Idescriptive purposes only antl are not required repalrs. The items IlsteO ara cosmatic In nature. I _70. The basement Floor ia a dirt Flaor. This contlitian Is common and typical for the area.and dces not pose a I health or safery ha¢ard. I I _71. The subJect property does conGin functlonal obsolescenee aa notetl In the report. This contlition is conaitlered typical and common for Ne area and thla style dwell{ng. 72. The lan0 value axceetla 30°h of toGl value due to Ne high demand tor vatant land in thia neighborhood. Thia � Icontli0on ia coneitlereE common and rypical for the neighborhood. .. � _13. The Iand value exceeda JO%of toUl value. This is tlue to Ne large gize of the site. This condiNon ia � � considered to be typical anE common. i _74. intlivitlual atljuatments were reqWred[hat exceed 1SYe. These adjusLnenls were required Aue to lack ot more similar compara6lee on that indlvldual rating. All comparables usetl are the Deat available. I _75. 7oUl adjustmenb exceatl 25%. Thie ia tlue to the lack of comparable sales that were more similar in the �� subjecPs market area. All comparablea uaed are the beat available. I x 16. One or more comparable salea are older than siz�6)montha. Although there are compara6le propeKiea in the I subjecPS area,none have so10 recenLy; Merefore,salea in e:ceae o(six�6)monNa have to ba usetl. All comparablea used are the beet available. I x 77. One or more comparablee usetl were in ezcess of one(t)mile from the aubject property. Although there are I comparaCle pro0ertiea In the immetliate area,none have sold recently. Tharefore,it wa6 necesaary to use compa2ble isalea oubide of the immetllate area. All compa�ables used are IocateE In simllar neig�borhooOS anC within the same j I marketing area. All compan6lea useA are the beat available. I I 18. The electrical system was not connected tluring Inspection. i I _i9. The water service was not connacted dudng inspection. I _20. The heating syatem was shut tlown tluring inspectton. " I _21. Roofing_Plumbing_Electrical_Heating_certification�a�ishre suggested. I _22. Inground awimming pool�out buiidinga_are included_,no[inclutletl according to lender's �I Iguitlelines. — � I � _27. Accortling to lender'a guidelinea a ma:imum of acmn were conaidered for thia valuation. Remaining � acreage was given no value. II ' __ _._ ___._.. .___—____— i �k rro,12-0027 . . . __ __ . _ ' _' ._ ' `_ _ I """""""QUAIIFICATIONS"""""' � � _26. ihe suh�ect proporty Is IocateA on a private roatl. _25. Wood infestatlon Inspection Is suggeated. � z 26. Last recoMed dectl trana(er: Date_til]OH994�Consitleration:E_19,571_ � _27. Proposed conatructionlrenovatlon In accordance to Olans and epeciflcatlons to be complated in a workman-like I manner. i 28. Seller la a in ! P Y 8 Gart or all of closing toab. � ' - 1 ■ ]9. All companbla sales are verified cloaed salea. I x �0. 7hare are no spocial conditlona or other requiremanb ihet woulA aHect market value or future marketablliry in the Approlaal RepoR I I _]t. AMC foe wae requlrod in order to eccept this aOP��na1 requeat � � I ( I . ' I 1 I I I i � I � � i � I � � ! i I i � I 1 I � i � f-ite Nn.12-0027 ' """"*" '•QUALIFICATIONS"'^'*'*"'* Confidentiality and Security Policy We consider privacy to 6e fundamentai to our relationship with clienb. Wa are committed[o mainhining the � confidentiality,integrity and security o(clients'personal intarmation. Internal policiea have 6een developed to pmtect this confitlentiality,while allowing client needs to 6e served. We restrict acceas to penonal information to authorized individuals who need to know this information to comply with IfeAeral sGntla�tls to protect your nonpublic personal infarmation. We do not tlisclose thie in(ormation about yau or any former consumers or customen to anyone,ezcept as permitted by law. 7ha law permits ua to share thia � infortnation with our affiliates. The law also pertnita us to share this information with companies that perform marketing. IIWhen we ahare nonpublic information referred to above,the informatlon ia made available for limitetl purposes antl li under canV011ed circumsfances. We require third parties to comply with aur shndartls�or securiry and confientiality. iWe do not permit use of conaumer/cuatamer informatlon(or any other purpoae nor do we pertnit thtrtl parties to rent, �' sell,trede or otherwise release or discloae in(ormation to any othar party. Education i IAs of the date of this report,l andlor Steven W. Barretq SRPA,SRA,ASA have completed the requirementa unCer the I continuing education progrem of the Appraisal Institute and the Amerlcan Soclery of Appraiaen. � II � II I I � I � I , I � I � i I I I ' I I i � i � I � i � � I � � E ' I I I � I � " _ _ __'_— � . ._ _ .. .. __ . _ Estate of Jacob E. Kough File No. 21-13-071 Valuation of Business 1/Sth of 25% partnership interest in Kough's Oil Service value determined by average weighted eamings over last 5 yeazs at 20%cap rate,with additions for excess working cap�tal in the form of ' cash and accounts receivable no allowance for management expense or rental value of real estate separately appraised and reported on this return; capitalized earnings value = $1,910,329 excess cash=$937,664 A/R=$717,100. Total value= $3,565,093; 25%interest=$891,273.25 (5 yeazs tax returns attached) F:�FILESCIimt�\S851 KwghJ Ev1�5853.9 Esute FarI�585J.4,wlueuon.wpd Se4�. G-, s��,s -► - g 231038925�9l0 V2C10 � , U.S. Return of Partnershi Inco Form 1065 � p � OMBNO. 1545-0099 Department of the Treasury For calendar y..,.r 007,or tax year beginning ,endi ' . ^0 0+ ... ... ....... . .. .... � Internal Revenue Service ► See sepa�at¢instfuctlons. / A Principal business activity Name of partnership D Emplayer identification number Use the FUEL DELIVER �RS lahe�. KOUGHS OIL SERVICE 23-1638925 B Principal product or service OthB�- Number,slreet,and room or suite no.I(a P.O.6os,see the instructions. E Date business startetl FUEL OIL W15e� P.O. BOX 116 6/15/1957 print C Business code number Or type. Ciry or town,state,and ZIP code F Total assets(see the instmctions) 454311 NEWVILLE PA 17241 $ 2 854 525 G Check applicable boxes: (1) Initial retum (2) � Final retum (3) � Name change (4) � Address change (5) � Amended reWrn H Check accounting method: (1) Cash (2) � Accrual (3) � Other(specify)► .... .......... _...... ....... . I Number of Schedules K-1.Atlach one for each person who was a paRner at any time during the tax year ► Q ..... ..... . ... ........._. ❑ J Checkif Schedule M-3 attached..... ....._........ ............................._.................. .... . . . ... .... . ... . ... . Caution.Include onty trade or business income and expenses on lines ta through 22 below.See the instructions for more information. 1a Grossreceiptsorsa�es 1a 4 715 243,,..,,a: b Lessreturnsandallowances �b 1e 4 715 243 _................ 2 Cost of goods sold(Schedule A,line 8) 2 4 038 064 �' s 677 179 � 3 Gross profit SubUact line 2 from line 1 c ..... ...,. .. .. ....... ................ .... .. � 4 Ordinary income(loss)from other padnerships,estates,and trusts(attach slatemeni) q � 5 Net farm profit(loss)(attach Schedule F(FOrm 1040)) � � �� g ..__............._.................................. 6 Nel gain(loss)from Form 4797,Part II,line 17(attach Form 4797) ........................................ 6 7 Other income(loss)(attach statement) � ............._................................................... .. , 8 Total income loss .Combine lines 3 throu h 7 8 677 17 9 � 9 Salaries and wages(other than to partners)(less employment credits) g o ............ ....._.................... �� 10 Guaranteed paymentsto paAners .............. ....................................................... 10 1�8 0 0 0 � E 11 Repairs and maintenance — » 10 636 _.... o �2 Baddebts " �Z ......... ........ ........ ...................... . 5 13 Rent .. ................................. 1J .... .._.... . ....... ...... ...... ................. .. ............................ .. � 14 Taxes and licenses _ �a 3 023 _... ............. .. ... ......_.. . ....,..... � 15 Interest � ....................... ............... ._.......... .......... .... .. 15 . ..... ......._..... ...,.... � 76a Depreciation(if required,atlach Form 4562) 16a 40 499`��-."' .... ............ ............... .,.. .��:.: � b Less depreciation repoAed on Schedule A and elsewhere on return 16b 16c 40 449 ... ......... y 17 Depletion(DO not deduct oil and gas depletion.) �� c _... ..._......................_............ . ..... « 18 Retirement plans,etc. ._.............._................._.... ........ ............._................. .. 18 � 19 Employee benefit programs �y .... .... .. . . . .. .. . . ...... ... .... .... ..... .. . .. ...... ......... ... .. ... ... y 20 Otherdeductions(attachstatement) SE9 Statement 1 20 116 923 _... . ......... ...... .. . .... . ............ ..._... 0 21 Total deductions.Add the amounts shown in the far ri ht column for lines 9 throu h 20 ,..,..., 21 2 7 9 031 ................ 22 Ordina buslness income(loss).Subiract line 21 from line 8 ........ .......... ...... 22 398 1.4 B Untler penalties of peryury,I declare that I have exemined lhis return,including accompanying schaEules anC statements,antl ro Ihe best ot my knowledga antl Oelief,it is true,correct,antl complete.Declaretion of preparer(other than general partner or limited liabiliry company member manageq is based S•I n on all info�mation o(which prepare�has any knowleCge. g May Ihe IRS discuss Ihis relum Here with the preparer shown below(see ' inslructions)? � Yes � No SignaNre of generel partner or IimiteE liabiliry wmpany mamber manager / Date Preparers Date PrepareYS SSN or PTIN Paid siqnaw�e 9/Ol/10 self-emlployed ► P00224543 Preparer's Firm'sname(oryours' Howard' 3 ACCOIIIItiII EiN ► 23-2270133 UseOnly itself-employed), e West Biq Spring Ave. Pnooa address.a�dziPCoae Newville PA 17241 fO 717-776-5864 For Privacy Act and Paperwork Retluction Act Notice,see separate instructions. Form 1065(2o0�) DAA 231G38925C9/OV2010 �� . ... . . ._ . . ... �. - . � Form to65(2007) KOUGHS OIL SER E 23-163 5 Page 2 5Chedpie A Cost of Goods Sold � ' the instructions t �nventoryatbeginningofyear 1 109 283 __ _._ . 2 Purchases less cost of items wifhdrawn for personal use 2 4 065 92 3 .............................._................... ... . . 3 Cost of labor 3 ....._.....,,_..................... .................._........... ........_....., .......... . 4 Additional section 263A costs(attach statement) q � .......................................................... ..... 5 Other costs(atlach statemenQ 5 .. . . .... .... ...._.. .,.. . . ... .. . . 6 ToWI.Add lines 1 lhrough 5 6 4 175 20fi . ... . .... .........._._..... . ...... ....... . 7 Inventory at end of year 7 137 142 .. .. ....... . .._......._..... ... ....._................... 8 Cost of goods sold.Subtract line 7 from line 6. Enter here and on page 1,line 2 8 4 038 064 ......._._..................... . 9a Check all methods used for valuing closing inventory: (i) �X Cost as described in Regulations section 1.471-3 (Ii) Lower ot cost or marke[as described in Regulations seclion 1.471-4 (ili) Other(specify method used and attach explanation)► ................._._.............. ..... ............ .......,..,.. ,.... ... .... 4 Check this box if there was a writedown of"subnormal"goods as described in Regulations section 1.471-2(c) ► ...... . .................. c Check this box if the LIFO inventory method was adopted ihis tax year for any goods(if checked,atlach Form 970) ► ... . .. ...... . ... d Do the rules of section 263A(for property produced or acquired for resale)apply to the partnership7 Yes X No ........._............... e Was there any change in determining quantities,cost,or valuations between opening and closing inventory? Yes No .................. If"Yes;'attach explanation. SClF�d�i�H= Other Information 1 What type of entity is filing this return?Check the applicable box: ye$ Na a Domestic general partnership b Oomestic IimAed partnership c Domestic limited liability company d Domestic limited liabiliry partnership e Foreignpartnership f Other► � ... ......................................... ..... ........ .... .. ..__.�... .......: 2 Are any partners in this partnership also partnerships9 ][ ............................................................................. 3 During the partnership's tax year,did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entiy separate from its owner under Regulations section 301.7701-2 and 3017701-3?If"Yes,"see instructions for required attachment g ....................._...._................ . ..._.........._... 4 Did the partnership file Yorm 8893,Eleclion of Partnership Level TaxSreatment,or an election slatement under section 6231(a)(1)(8)(ii)for partnership-level tax treatment,that is in effecl for this tax year?See Form 8893 tor more details X ..................... 5 Does this partnership meet all three of the following requirements9 a The paRnership's total receipts for the tax year were less than$250,000; b The partnership's lotal assets at the end of the tax year were less than$600,000;and �.;.. ...... -� c Schedules K-1 are filed with the return and furnished to the partners on or before lhe due date(including ..� .....:�. e#ensions)for the partnership return g ._.................................................._........,............................. If"Yes,"the partnership is not required to complete Schedules l, M-1,and M-2; Item F on page 1 of Form 1065; or Item L an Schedule K-1. 8 Does this partnership have any foreign partners7 If"Yes,"the partnership may have to fle Forms 8804,8805 and 8813.See the instructions -�� - ��g�- .....,..._ . ................................................_...........,........ ..................... 7 Is this partnership a publicly traded partnership as defned in section 469(k)(2)7 7{ ............ ............ . . . .. 8 Has this partnership fled,or is ii required to f le,a retum under section 6111 to provide information on any reportable transaction? X 9 At any time during calendar year 2007,ditl the partnership have an interest in or a signature or olher authoriry over a financial account in a foreign country(such as a bank account,securities account,or other financial account)7 See the instructions for exceptions and filing requirements for Form TD F 90-22.1.I�"Yes,"enter the name of the foreign country. ► }[ ...................__.......,.............,..,........ .. .................,.............,....... 10 Durinq the tax year,did the paMership receive a distribulion from,or was it lhe grantor of,or transferor to,a foreign irust?If"Yes,"the partnership may have to file Form 3520.See the instructions X ........................... ......._............ t t Was there a distribution ot property or a trans�er(for example,by sale or death)of a partnership interest during the tax yeaR If'Nes,"you may elect to adjust the basis of the partnership's assets under section 754 by at- taching ihe statement described under Elections Made By Ihe Partnership in the instructions X _......... ......_.... . .. ........,.. 12 Enter the number of Forms 8865, Return of U.S. Persons With Resped to Certain Foreign Partnerships,attache0 to this return ► ' "�. ....:....::. .:..... Designation of Tax Matters Partner(see the instructions) Enter below the generel partner designated as the tax matters partner(TMP)for the tax year of this return: Neme af designared Identifying number TMP JACOB KOUGH of7MP Addressal 195 GREENSPRING ROAD designared rnna NEW�/ILLE PA 17241 Form 1065(zoo�) DAA 231u3l39250'I/Ui!2010 � - .. . . . . .._ . . _ . -. .- - �- - Form �oss(2007) KOUGHS OIL SE E 23-16 n 5 Page 3 Schedule:K Partners' Distributiv ` are Items rotai amount 1 Ordinary business income(loss)(page 1, line 22) 1 398 148 ....... ...... ......... .._ .... 2 Net rental reai estate income(loss)(attach Form 8825) , �� Z ...... . ........ . .. . .. 3a Othergross rental income(loss) 3a ��.�:-:. .................._... ..... ............ b Expenses from other rental activities(anach statemenl) 3b ............. .............. ,:.3C:� c Other net rental income Qoss). Subtract line 3b from line 3a ....... ........ ........ .. ..... .. y a Guaranteed payments 4 108 000 _ . . . Jnterestincome 5 56 984 ............. 6a � ividends: a Ordinarydividends 398 y E b Qualifed dividends 66 398 ...,... ...... ........ ... � 7 Royalties � � � �� c .,._. . ......... . . . ..... ...... .,....... ......... .......... ........ ... ,. .. — 8 Net short-term capdal gain(loss)(attach Schedule D(Form 1065)) . .... . ..... 8 9a Nel long-term capital gain poss)(attach Schedule D(Form 1065)) .,,. 9a . ..... ..... .................... .. b Collectibles 28% ain loss 9b -��? )9 ( ) ........... ............................ 9c c UnrecapNred section 1250 gain(anxh s�a�eme�t) ...... . ........ .... .. 10 Net section 1231 gain(loss)(attach Form 4797) , .. .... .._..._ ................. . .......... �� t er income loss see instructions T a ► .............. �� ................_. ..........,.......... y 12 Section 179 deduction(attach Form 4562) 12 p 73a Contributions See Stat6IRent 2 13a .................................................................._........ ........ � � b Investment interest expense .. ..............................._.................................... .. .. 13b � c Section 59(e)(2)expenditures: � � (�)TYPe ► O ........ .................................................. ..... .......... (2) Amount ► 13c(z d Other deductions(see instructions) Type ► ,,,,,,,,,,,,,,, ,. 13d ................. . . ,. > �4a Netearnings(loss)tromself-emp�oyment 14a 506 148 o ................. _ .................................... ........ .. , � E m b Gross farming or fishing income �4b ..........................................................._... .. �n w c Gross nonfarm income....._ .._. ...... ....... ........ 14c 677 17 9 15a Low-income housing credit(section 42Q)(5)) ................................ ....... .. 15a ................... � b Low-income housing credit(other) .... ................................ 15b �p c Qualifed rehabilitation expenditures(rental real estate)(attach Form 3468) 75c ............._.... .... ....... .. � d Other rental real estate credits(see instructions) Type► 15d U .................................. .. e Other rental credits(see instructions) Type� �ge ................................. f Other credits see instructions T e►,....,,,,. 75f . ....................... .. 16a Name of wuntry or U.S.possession► ...... .,... . ..... ........... ........... ........ .. �'� y b Gross income trom all sources t6b ... ...... . . ...... . ...... ......_................. ...... _ 16c � c Gross income sourced at partner level O ..............................................._.......... ....... '� Foreign gross income sourced at partnership level y d Passive category► e Generel category ► f Othei ► ��76f�� ............... .. .... .. ............... .. � Detluctions allocated and apportioned at partner level f`- 9 Interestexpense ►..... ......................... h Other ► :�16h�: ........................ ........ ..... � �eductions allowted and ap0ortioned at partnership leval to foreign source inwme .....,..;, '` i Passive category► j General category ► k Other ► tBk ............... .................... LL � Tolal foreign taxes(check one):► Paid � Accrued � .,., 16� m Reduction in laxes available for credit(attach statemenp � 16m .. . ...... ......... ._..... .......... .. n Other foreign tax information(attach statement) ; _ ,o ......._ . ..... ...... ... .... ..... .._..... �' -: ..-�: � 17a Post-1986depreciationadjustment 17a —404 N .......... ........ . ......... ........ ..._... ........ 17b � F E b Adjusted gain or loss � � � . ............_...........,............._......,._.... ... .... ,... .._..... � �^ c Depletion(other than oil and gas) �� ` �� d Oil, as,and eothermal ro erties- ro � ......... ............. _... . 17d � �— 9 9 p p g ss income � ....................... .............................. . a �? e Oil,gas,and geothermal properties-deductions � �7e . . ...... ......... . ....... .. .. . . ...... . f Other AMT items(apach statement ..,..,,., � -- �� f .......... ......... .._.._ ................. .. � 18a Tax-exempt interest income p ........................_.... ..,..............._................._..... 18a ;., b Other tax-exempt income � ............. .............. 18b ........................... ..........._ ......... 18c E c Nondeductibleexpenses ` ..... ........... ....................._..,................,......._.......... 19a p 19a Distributions of cash and marketable securities w ........................_..................., ,.. ......... c b Distributions of other property .... ......_.._................. ................................. ._.... 19b d 20a Investment income 20a 57 382 L . . ....... .... ....... ................. ... , O nvestmentexpenses 20b ..... ... ......... ..... ................ ..... .._ . ...... c Other items and amounts attach statement ,,,,,,,,,,,,,,,,, .._; ��.:_; � _..._.. ......._... ............. . . . . . .. .:: .. . . . Form 1065(zoo» DAA _ _ _ _ Form��6�c(�8bc�oioiCOUGHS OIL SERVICE 23-1638925 Pagea , Anal sis of Net Income Loss 1 Net income(loss).Combine ScheCule K,lin through 11.from the resWt,su6tract the sum of Schedule K.lines 12 throu h 130 and �6i ................................................................... .. t � 5 63 530 2 Analysis by (ii)Individual (iii)Intlividual (v)Exempl artner (0 Corporate (iv)Partnership (vi)Nominee/Olher p type: active assive or anization ' a Genere�padners 563 530 b Limited artners ��":SChOdUIe;L�':�! Balance Sheets er Books Be innin of tax ear End of tax ear Assets (a) (b) (e) (tl) � Cash � �� t � '� 1 220 314 :-,;:-_h ` , - ' .,: 1 413 858 2a Trade nores and aaaunts receivable 1 105 876 � `:-,�:, 1 256 098 :� , >� � ,. ,.: . . .; .. ,, .. , b �essal�owancetorbaddebts 1 105 876 1 256 098 3 �nvenrories � s c` 109 283 � 137 142 ' , 4 U.S.government obligahons `�` y -�� `3 �� ' . .. .... E .�.. . . . V . :�. 5 Tax-exempt securities ,,,., � � ' � u{ . �; � 8 Othercurtentaseets .. ....... . �� : � t,: ' .�: :.� r ,' (anach stetemenQ ........... . .... 3... n,� a .: �� .�.�z: . ;� :.> 7 Mortgageandrealestateloans.,..,.,, .�3� , .� s�� .:, �. ?.. 8 Other Investments � -:, a ��: r�. :: . �: (elteUSte�BmEnij.. ....... .. . .......... s....�,. �.: F :, � ., : :. . ..is.:3 ., t» 3' F� ,.....< ,<. .. :: e. ..�... 9a Buildingsando�herdepreciableassets 930 392 :,,F` ;," , ' , ;, 930 392 :;;; _ <� � .; .�;., b Lessaccumulateddepreciation ...., $42 516 87 876 B82 965 47 427 10a Depletable assets �� - �.;� .�:, , .�� -��_ - �� ........... .... .. .... ,..<;.... ,.. . ,,:. .;� .. � :,: .,....,:,.......<...._,...:.:?,...,,....,,::.«! b Less accumulated depletion � � � � .............. H Land(net of any amotlization) ��s Y , ;z�,.x � ��" �.. .......... . l..e. ...:). . „ 'i. Y o,._ '� �., x 12a Intangible assets(amortizable only)� � ��'� �?`?- � �� r -^-,' �� ..:..... u.. ::d a .a..: .,::i ,..e.iu 3,c.:_.[ � b Less accumulated amortfzation �-�� 13 Otheresseq �� - � � .. .. . (ettecti statement). .... . ... . .. � . .. , c � �a Tota�assets , ` < � '�� ' 2 523 349 z ' : � 2 854 525 LlabilitlesandCapiWl ��,sn � �§2. � .a�...:... s �:* 5� � y-.. s '.� . �. ..,s �:. � ��:: > a..�,....,.. �.;�-,;. 15 Accounts payable � ,s 3 l� �. o � .............. ..... �. � 16 Morlgages,notes,bonds payable in less than 1 year �s�-.�, � �'s 'x �s�` :� � Y � t 17 Other current Iie011ities � < �� (etleUStatemenl) .. .. ... . .. . a'sn � s'�s� e'rs,.: y t..: �, a�. ', 18 Allnonrecourseloan9 f -Y y � '�7 '� . �# �� 3 � � I . 19 Mort880as,notes,bonds Oayeble in 1 yeer or more s � "�� a s '�-: ' 20 Ol�er IiabiliUes t �.� �� s '� �� $' �} �. s ��, (ettech stetemenp ..... ..% � � '. � 3 3 7 S� s r s . . 21 Partners'capitalacwunts,... ...�. � ' G " ., yr 2 523 349 2 '' ` � � :��- 3 004 381 22 Tota�liabilitiesandca ital... . ....... ;:? �.,.';,: , .�`;':' 2 523 349 s ;, ry',-:; a�:: 3 004 381 Scfiedule M=1.� Reconciliation of Income (Loss) per Books With Income(Loss) per Retum Note.ScheAule M3 may be required instead of ScheCule M-1 (see instructions). � Net income(loss)per books � 4$1 032 6 Income rewrded on baoks this year not included 2 InrAme included on Schedule K,lines 1,2,3c, on Schedule K,Ilnes 1 through i t (itemize): 5,6a,7,8,9a,70,and 77,nrn recorded on a Tax•exem t imerest S book5thisyear P ........................ � (itemize): ............................. . ........................................... ..................................... . ........................................... - 3 Guaranteed payments(other than health 7 Deduclions included on Schetlule K,lines 1 insurance) 108 000 through 13d,and 161,not charged against 4 Expenses recurded on boolis Uiis�year�not� book income this ear itemize ' included an Schedule K,lines 1 through Y � �� 13d,and 161(itemize): a Depreciation $ 25 502 ......................r...... a oevreciation $ . b Traveland ....................... . ........................................... entertainmant $...................... 25 5�'L � . ........................................... ..................................... � 8 Add lines 6 and 7 25 502 ............................ ..................................... 8 Income(loss)(Anarysis of Net Income(Loss), 5 Add�ines t throu n a .............. . 569 032 line� .Subtrad�ine e trom�ine 5 . .. ...... 563 530 s;=Scfiedule#M=7'.::` Anal sis of Partners' Ca ital Accounts 7 Balanceatbeginningofyear 2 523 349 e Dlstnbutions: a Cash ....................... 2 Capital contributed: a Cash b Properry 6 P�OpCRy 7 OMerdecreeses ""�'�""""'�""' ...... (itemize): .................................... 3 Net income(loss)per books .......... 481 032 4 Otherinueases . ........................................... (itemiza): ....................... . . ........................................... � ...................................... 8 Addlines 6 and 7 ............................ 5 Ada iines� throu h a................. 3 004 381 9 Balance at end of ear.Subtract line 8 from line 5 3 004 381 �� Form 7065(2007) 331G3892509l01/2010 � � � - .. _ . . . . .. - � ' ///�++�� 651107 , Partner# 1 � �oo� � FinalK-1 entledKi OMBNo. 15450059 Schedule K-1 Pa�� Pattner's. are af Curreret Year Income, : (Form 1065) � Detlu�fi�nS Cr�dits and Othgr,lfem$ ; . `. Department of the Treasury For calendar year 2007,or tax 1 Ortlinary business income Qoss) 15 Cretlits Internal Revenue Service 199 074 year beginning ending p Net rental real estate income(loss) Partner's Share of Income, Deductions, Credits� @tC. � See back of(orm antl separa[e instructions. 3 Other net rental income(loss) 16 Foreign transactions �71'C� InformationfA6auf tfie Partnershi i: a Guaranreed payments A Partnership's employe�iden6fcatian number 4$ Q Q Q 23-1638925 5 �nterestinwme B Partnerehip's name,aatlress,ciry,state,antl ZIP code Q 8 q 92 KOUGHS OIL SERVICE sa Ordinarydivitlends 199 P.O. BOX 116 6b �ualifed divitlends NEWVILLE PA 17241 199 7 Royalties C IRS Center where partnershiplAed return Cincinnati OH 45999-0011 8 Netshort-tertncapitalgain(loss) D � Check if this is e publicly traded partnership(PTP) �9a Net long-tarm capitai gain(loss) 17 Allemative minimum lax�AMT)ifems A -202 �rt 1 1n.pmtgiiqrl Y444t�f tt1e:"F�rtn6� ;: eb Collectibles(28°h)gain(loss) E PartneYSitlentlrying number 9c Unrecapturad section 1250 gain F PaRneYS name,address,ciy,state,entl ZIP code �p Nat section 1231 gain(loss) 78 Tax-exempt income and �TACOB K�UGH nondetluctible ezpenses 11 Other income(loss) 195 GREENSPRING ROAD NEWVILLE PA 17241 G � General partner or LLC ❑ LimiteA partner ar othar llC � memhervmanagar member 19 Distnbutions H � Domestic partner ❑ Foreign partnar �Z Section�79 Cetluction I What type ot entity is this partne/! Individual 13 Other detluctions J Partner's share of proft,loss,and tapital: 20 Other informetion eegfnning Ending Prafi� 50. 000000 �� 50 . 000000 � A 28 691 Loss $0. DD�O�Q % rJO . �� % Capital �J0.0��0�0 % .5� . 000000 % 14 Sel6employment eamings(loss) K Partner's snare ot liacilities at year entl; A 2 47 0�74 Nanrecourse y .................... qualitetlnonremursefinancine b C 338 rJ90 ......... .... R��fSe s 'See attached statement for additional information. L Patlnefs capital acwunt anatysis: ,� , , , , ,�p , Beginning capital account S 1, '161, fi77 � �s t L }, �� !� I + _,... ........ , � Capital contnbuted during the year y O • ' ' ....... ... v , � � � I � Current year increase(decrease) g 2 4�,516 j � { , .. ...... .... + .+� r � � Withdrawals 8 distriDUtions � § ( � � + 5 •� + ............. ... Ending capita�account S 1, 502,193 � ................. ... o LL eTax basis � GAAP ❑ Section 704(b)book Other(eaplain) For Paperwork Reductlon Act Notice,see Instructions for Form 1065. Schedule K-1(Form 1065�2007 own 23163&925G9/C1i2010 . . . _ . . . . . ' 651107 , Partner# 2 Q 2007 � FinaIN1 entledK-1 OMBNO. 1545-0099 Schedule K-1 Bar�Elt Partner's are of Current Yeai lncome,;; (Form 1065) � peducEion5,CtOdits .and Otheiltems Department of the Treasury For calentlar year 2007,or tax 7 Ordinary 6usiness income(loss) 15 Credits Intemal Revenue Service yeareeginning 199 �'��} entling 2 Netrentalreal estateincoma Qoss) Partner's Share of Income, Deductions, Credits� QtC. ► See back of/orm an0 separeta instmctions. � Cther net rental income(loss) 16 Foreign transactions Part E Infomtatlon:'Ahout fhe.Partne�shi r a Guaremeetl payments A Partnership'semployeritlentifcationnumber 60 OQQ 23-1638925 5 �nteres�incoma B Partnership's name,address,ciry,stata,and ZIP cotle 2 8 q gp KOUGHS OII,i SERVICE sa ominarya��idends 199 P.O. BOX 1�,6 6b �ualified divitlends NEWVILLE PA 17241 199 7 Royaltiae C IRS Center where partnership fleC raturn Cincinnati OH 45999-0011 8 Netshort-termcapitalgain(loss) D � Check if this is a publicry Iradetl partnership(PTP) 9a Net long-tarm capital gain poss) 77 Altemalive minimum lav�AMT)items A —202 S.fClt I(1,;(kfllt�tjES�T,.; (�ik�� ,,F7�rtf[g( ;��.; .: 9b Collecti6les(28%)gainQoss) E Partnefs identirying number 9c Unrecapturetl section 7250 gain F Partner's name,address,city,stata,and ZIP cotla 7p Net section 1231 gein Qoss) �8 Tax-exempt income antl KE2INETH KOUGB nondeducti6le expenses 11 Othar income(Iwe) 215 STEELSTOWN ROAD NEWVILLE PA 17241 G � Ganerol paMeror LLC ❑ Limitetl patlneror other LLC membervmanager member 19 Distributions H � Domestic patlner ❑ Foreign paMer �Z Section 178 tleduction 1 Whallypeofentityislhispartnerl Individual 13 Otherdetluctions J Partner's share of pm�t,loss,an0 capital: 20 Other information Beginning Entling Prort 50. 000000 � 50 .000000 � A 28 691 �oss 50 .000000 � 50.000000 / capita� 50. 000000 � 50 000000 � 74 Self-employment eamings(loss) K Partnelssnareotliaoiutiesatyearena: A 259 074 Nonrecourse y ............... ... . �ualifietlnonrewurse(nancing y C .$38 $B9 Rewurse S 'See attached statement for additional information. L PertneYS capital account analysi9: iy + �t �} 5 Beginning capital account S 1,261, 6'�2 a • � ,� , � � • � ....... ... c I � I Capital contributed during the year y O , , � Current yeer increase(aecrease) g Q Q Q,51( � � , , � , r5 � .. ........ . � _y � Wit�tlrewals8distributions , g ( � � 1Y , �„ , , ; Ending w0ital account ..... .... . ... a 1 .,S�Z � 188 � ..... .......... o LL 8 Tax basi9 ❑ GP.AP � Section 704(b)book Other(ezplain) For Papervvork Reduction Act Notice,see Instructions for Form 1065. Schetlule K-t(Form 1065)2007 DAA . 231638925 KOUGHS OIL SE ICE 9/1l2010 ' 23-1638925 � Federal Statements � FYE: 12/31/2007 Statement 1 - Form 1065, Pacte 1, Line 20 -Other Deductions Description Amount ADVERTISING $ 6, 552 DUES 656 EQUIPMENT FUEL 19, 605 INSURANCE 15, 919 OFFICE 6, 686 PROFESSIONAL SERVICES 350 TANK REGZSTRATION 625 TRUCKING 50, 543 UTILZTIES 2, 018 TRAINING 845 SALES TAX REMITTED 12, 624 BAI�iK CHARGES 1, 000 Total S 116, 923 1 . 231638925 KOUGHS OIL SE CE 9/1/2010 23-1638925 � Federal Statements 0 FYE: 12/31l2007 Statement 2 - Form 1065. Schedule K, Line 13a - Contributions Description 50% 30% 20% Total S S S S Total S 0 S 0 S 0 S 0 2 _ _ _ . _ _ _ 3�1G39925^9/01/201011'S0?nA . .. _ � 1065 � U.S. Return of Partnershi Inco� FOfro `� p �° OMBNO. 1545-0499 �epartment of the Treasury For calendar year T008,ar tax year 6eginning ,ending ' ^o o w ................. x Intemal Revenue Service ►See separa[e instfuttlons. y A Principal business activiry Name of partnership D Em lo U9e the p yer identification number FUEL DELIVER label. KOUGHS OIL SERVICE 23-1638925 B Principal protluct or service Oth¢h Number,street,and room or suite no.I(a P.O.box,see the instructions. E Date husiness startetl E'IJEL OIL wise, P.O. BOX 116 6/15/1957 C Business cotle numher P<<�t Ciry or town,state,antl ZIP coda F Total assets(see the 454311 �7/Pe• $ inso-�cuons� 3 088 828 or �y,NILLE PA 17241 G Check applicable boxes: (7) Initial retum (2) � Final retum (3) � Name change (4) � Address change (5) � Amended retum (6) Technical termination-also check(t)or(2) H Check accounling method: (7) Cash (2) � Accrual (3) � Other(specify)► ............. ........... . . .. ... umber of Schedules K-1.Atlach one for each person who was a paMer at any time during the tax year► 2 ........ . ......... . ....... . .. .❑ heckif Schedule M3 atlached ...._............................................................. ... ....... ........ ..... .. ..... . Caution.Include only trade or business income and expenses on lines 1 a through 22 below.See the instructions for more information. 1a Grossreceiptsorsales 1a 5 797 587 b Lessretumsandallowances 1b tc 5 797 587 2 Cost of goods sold(Schedule A,line 8) y q g g g 927 .......... ........... E 3 Gross profit.Sub�raa line 2 trom�ine 1c 3 897 660 __..... _. � 4 Ordinary income(loss)from other partnerships,estates,and tmsts(attach statement) q � 5 Netfarmprofit(loss)(attachScheduleF(FOrm1040)) � �� g ................._.........,...... ................... 6 Net gain(loss)from Form 4797,Part II,line 17(attach Form 4797) . ..........._.......................... 6 7 Other income poss)(attach statemenq � 8 Total income(loss.Combine lines 3 throu h 7 8 697 660 � 9 Salaries and wages(other than to partners)(less employment credits) g o ..._.......... ..._ .............,.... . � 10 Guaranteed payments to partners �0 167 000 __......... . �� 13 196 .E_ 11 Repairs and maintenance — ........ .. ........ ................._..............................._..... � 12 Baddebts 12 . � .............................. ............................................ 0 73 Rent . ................... 13 _ ......_......................._......._...................._................................... z 14 Taxas and licenses t4 ._ .. . . .. .... ...... .. .._. .... ............ .......... ....._..... = 75 Interest �� 15 3 02 9 � . . ........ . .. ....... ........ ......... ................ ................... ....... s 16a Depreciation(it required,attach Form 4562) 16a 19 653 ;:�. 83 _............... .._. b Less depreciation reported on Schedule A and elsewhere on return 16b 16c 19 653 � .......,.... � 17 Depletion(DO not deduct oil and gas depledon.)..................................................... . 17 � 18 Retirement plans,etc. � ..... __.........._........ ........... . . 18 .. .................... ................... � 19 Employee benefit programs .. ..... .. . . ._. . . .. .,... .. . .... 19 .. ... ..... ..... .............. .._..... .. d 20 Otherdeductions(attachstatement) See Statement 1 20 147 284 ... . ... . .. ..................... ...... � 21 Total deductions.Add the amounts shown in the far ri ht column for lines 9 throu h 20 . .................... y� ,3S Q 1(Q 22 Ordinary business income(loss).Subtract line 21 from line B .,..,,. ..,,,....., yp $Q 7 4 98 Under penalties of perjury,I declare that I have e:amined thia return,InciuCing eccompanying schetlutes antl statements,and to the best of my knowletlge and belief,it is true,correcl,antl complete.Decleration of preparer(other I�an general partner or timited liability company mem6er manager)is basetl Sign °^all infortnation of which preparer has eny knowletlge. May the IRS tliscuss this retum Here with the preDarer shown 6elow(see ' ' instmctions)7 � Yes � No Signature of general partner or limited liabili�y company membet manager Date Preparels Data Preparer's SSN or PTIN Paid signalure Check if 9/O1/10 seit-emo�oyed► P00224543 Preparer's Flrm'sname(oryours ' Howard' 3 Accountin EIN► 23-2270133 UseOnly �fseif-emplayed), 8 West Big Spring Ave. Pno�e adEres5,an4ZlPCOde Newville PA 17241 °0� 717-776-5864 For Privacy Act a�d Paperwork Reduction Act Notice,see sepa�ate Instructions. porm 1065(zoos� DAA 231 fi38J25 U9/0 V2010 I1.50 AM ... . . . . . . . . . . .- Form tOSS(2008) KOUGHS OIL SE�CE 23-1�'� )925 page 2 Schedule A Cost of Goods Sold see the instructions t �nventoryatbeginningofyear 1 137 142 2 Purchases less cost of items withdrawn tor persona�use �� y 4 838 049 ................................................. ..... .. 3 3 Cost of labor _......._.......,.._.._........................................ .._..... ...... ..... .... .. 4 dditional section 263A wsts(attach statement) . ............. .......................... ...................... .. 5 Other costs(attach statement) .._.......................................................................... .. `' 6 ToWI.Add lines 1 through 5 6 4 975 191 .. .. ....... .. .. ..... . .............. .......... 7 mvemory at end of year 7 75 2 64 _.. . , 8 Cost of goods sold.Subtrect line 7 from line 6. Enter here and on page 1,line 2 8 4 899 927 .............. .......... ........ .. 9a Check all methods used for valuing closing inventory: (i) X Cost as described in Regulations section 1.471-3 (il) Lower of cost or market as described in Regulations section 1.47t-4 (iii) Other(speciry method used and attach explanation)► ............................... .............. .._.......... ........... . ....... b Check this box if there was a writedown of"subnormal"goods as described in Regulations section 1.471-2(c) ► ...... ................... c Check this box if the LIFO inventory method was adopted Nis tax year for any goods(i(checked,attach Form 970) ► ............... .............. .. d Do the rules of sedion 263A(for property produced or acquired for resale)apply to the partnership7 Yes No ........ . ..... ............ e Was there any change in determining quantities,cost,or valuations belween opening and closing inventory? Yes No .................. If"Yes,"attach explanation. ��h�dule 8: Other Information 7 What rype of entity is filing this return?Check the applicable box: Yes No a Domestic general paAnership b Domestic limited partnership e Domestic limited liability company d Domestic limited liability paAnership e Foreign pahnership f Other► � . .. ........._................................................. _..........._..: 2 At any time during the tax year,was any partner in the partnership a disregardetl entiry,a partnership(including an entity treated as a partnership), a trust,an S corporation,an estate(other lhan an estate of a deceased partner), or a nominee or similar person? ]( ................. ...._.... . ........ ....._..........,...... ........... .......... 3 At the end of the tax year: � a Did any foreign or domestic corporation,partnership(including any entity treated as a partnership),or trust own,directly or indirectty,an interest of 50%or more in the profit,loss,or capital of the partnership9 For rules of constructive � ownership,see insiruclions.If"Yes,"com lete(i throu h v below ,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , , ][ (i)Name o!Entlty (ii)Emplqrer (ili)Typa of (iv)Count o( ry (v)Maximum Identification Entiry Organization Percentage Owned in Number if an Pmfit Loss,or Ca ital b Did any individual or estate own,directy or indirectly,an interest of 50°/,or more in the profit,loss,or capital of the partnershipl For rules of constmdive ownership,see instructions. If"Yes,"complete(i)through(iv)below ,,... . ................. X (i)Name of Individual or Estale (ii)Social Security Number or (iii Count of � ry (Ivj Maximum Employer ldantification Number Citizenship Percentege Ownetl in it an see instrudions Proft,Loss or Ca ital 4 At the end of the tax year,did the partnership: a Own directly 20%or more,or own,directly or indirecty,50°/or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic wrporation?For rules of constructive ownership,see instruclions. If"Yes," ....::..... .. . �� com lete(i)throu h(iv betow }( t , .P.Y.. ...._.... .. ......... ........... ............ .. .... .. . (i)Name of Corporation d Em to er ldantiliwtion (ifi)Country ol (iv)Percentage Number(if any) Incorporation Owned in Voting Stock Fo�m 1065�zooe> DAA r,isaaszsoorovzuioiisanM � . . . . . � Form 1065(2008) KOUGHS OIL SE CE 23-1' 925 Page 3 b Own directly an interest of 20%or more,or own,directly or indirectly,an interest of 50°/,or more in the profit, loss, Yes No or capital in any foreign or domeslic partnership(including an entity treated as a partnership)or in the beneficial interest of a trust?For rules of constructive ownership,see insiructions. If"Yes,"complete(i)throu h(v)below g�� (i)Name of Entity n Em lo er �� ......... 9 (") P Y (iii)Type ot (iv)Country ot (v)Maximum Identifwtion Entity Organization Percenta e Owned in Number if an Profit,Loss,or Ca ital 5 Did the partnership file Form 8893,Election of Partnership Level Tax Treatment or an election statement under section 6231(a)(1)(B)(ii)for padnership-level tax treatment,that is in effect for this tax year?See Form 8893 for more details � � .............._......, ......... . . .... X.. ..... ..._........ ..........._.. ............................ . 6 Does the partnership satisfy all four of the following conditions9 a The partnership's total receipts for the tax year were less than$250,000. b The partnership's total assets al the end of the tax year were less than$1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date(including extensions) tor the partnership retum. d The paAnership is nol fling and is not required to file Schedule M3 g�� ................................................................. If"Yes,"the partnership is not required to complete Schedules L,M-1,and M-2;Item F on page 1 of Form 1065; or Item L on Schedule K-t. 7 Is ihis arinershi a ublid traded aAnershi as defined in section 469(k)2 7 ��][�� 8 During the tax year,did the partnership have any debt that was cancelled,was forgiven,or had the terms modified so as to reduce the rinci al amount ot the debt? ........,.,, }( ................................................ 9 Has this paAnership filed,or is it required to file,Form 8918,Material Advisor Disclosure Slatement,to provitle information on an re oAable trensaction? X 10 At any time during calendar year 2008,did the partnership have an interest in or a signature or other authority over a financial account in a foreign country(such as a bank account,securities account,or other financial account)?See the instructions for exceptions and filing requirements for Portn TD F ' ' 90-22.1,RepoA of Foreign Bank and Finaneial Accounts.If"Yes,"enter the name oi the foreign ,__:'... .......� count . ► ... ...:j��. 11 At any tima during the tax year,did tha partnership receive a distribution trom,or was it the grantor of,or Uansferor to,a foreign trust?If"Yes,"the patlnership may have to file Form 3520,Annual Retum To Report ..::..... ...._,,;: Transactions With Forei n Trusts and Recei t of Certain Forei n Gifls.See instructions 7( 12a Is the partnership making,or had it previously made(and not revoked),a section 754 election? X .............. ..............._.. , :. See instructions for details regarding a section 754 election. b Did ihe paRnership make for this lax year an optional basis adjustment under section 743(b)or 734(b)?If"Yes," attach a statement showing the computation and allocalion of the basis adjustment.See instructions X .................................... c Is the partnership required to adjust the basis of partnership assets under section 743(b)or 734(b)because of a substantial built-in loss(as defned under section 743(d))or substantial basis redudion(as defined under section 734(d))?If"Yes," � �i: .::::::::: .::....... attach a statement showin the com utation and allocation of the basis ad'ustmenL See instructions ..........._....,..._........,... X 13 Check ihis box if,during ihe current or prior tax year,the partnership distributed any properry received in a like-kind exchan e or contributed such ro e to anolher enti includin a disre arded enti ..:................_.......... ► �� 14 At any time during the tax year,did the partnership distribute to any partner a tenancy-in-common or other undividedinterestin artnershi ro e ? ,.,,,,._,,,,,,,,,,,,,,,,,, , X ... ,..... .... ................._..... 75 If the partnership is required to fle Form 8858, Information ReWrn of U.S.Persons With Respect To Foreign Disre arded Entities,enter the number of Forms 8858 attached.See instrudions► 16 Does ihe partnership have any foreign partners?If"Yes,"enter the number of Forms 8805,Foreign Partner's Information Statement of Section 1446 Withholdin Tax,filed for this artnershi . ► X � 17 Enter the number of Forms 8865,Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return.► . ._ ................ �-� Designatlon of Tax Matters Partner(see the instructions) Enter below the general partner designated as the tax matters partner(TMP)for the tax year o�this return: Name ot tlesignateC Identirying number rMP JACOB KOUGH o(TMP ACtlressof 195 GREENSPRING ROAD TeMeP nated NEWVILLE PA 17241 D� Fo�m 1065(zooe� '_?dG38825 G91�N2010 11'S0 AM . Pormto65�2ooe) KOUGHS OIL SE E 23-1s 925 Pagea SGhedule:it, Partners' Distributive Share Items Towi amount 1 Ordinary business income(loss)(page 1, line 22) 1 547 4 98 � ........ . ........ . ........ ...... .. 2 Net rental real estate income(loss)(attach Form 8825) ... ...,., y ......... ......._ .. 3a Othergross rental income(loss) 3a .. ....................................... �: b Expenses from other rental activities(aftach statement) 3b ...................... .... ....�-� c Other net rental income(loss).Subtract line 3b from line 3a 3c� ........_.... ..............._. ......._. y 4 Guaranteedpayments a 167 000 J 5 �nterestincome 5 32 437 .................................................._.................................. � 6 Dividends: a Ordinarydividends 6a 201 y _... Q b �ualifiedtlividends 6b 201 ...., �:.`� ....................................... .,,:.7>,>. � � 7 RoyaAies C ............................. ........ ............................ ..... .. — 8 Net short-term capital gain(loss)(attach Schedule D(FOrm 1065)) g ......................... ....... ....... 9a Net long-term capital gain (loss)(attach Schedule D(FOrm 1065)) ga . .......... ......... . b Collectibles(28%)gain(loss) gy .......... . ................ '. t Unrecaptured sedion 1250 gain�altach s�atemenq g� ' .. ........................... �.;r,::.::.;:•: 10 Net section 1231 gain(loss)(attach Form 4797) .............. 10 ................................. ......... 11 Other income loss see instrudions T e► ................. �� ..................................... 12 Section 179 deduction(attach Form 4562) �p N .. .... .. . ...... ... a t3a Contributions See StBtement 2 13a 1 315 _.................................. _....... ..... � b Investment interest expense 13b ............... .........................................,.... � c Section 59(e)(2)expenditures: 9 � (��TYPe� ................................................. p ........................ (2) Amount ► 13c(2 d Other deductions(see instructions) Type► .................... 13d r 14a Net earnings(loss)trom self-employment 1qa 714 498 0 ....... ......... .... b Gross farming orfishing income 14b ,� n� .... ... ... ........._.............................................. ..... ......... in w E c Grossnonfarmincome .. ..................................... �4c 897 660 75a Low-income housing credit(sedion 42G)(5))......................:..................................... 15a b Low-income housing credit(other) 15b � .................... ..... ...... � c Qualified rehabilitation expenditures(rental real estate)(attach form 3468) 15c ....... ... . ...... V d Other rental real estate credits(see instmctions) Type► .,... 15d ...................... e Other rental credits(see instructions) Type► 15e .......................... .. _.. f Othercredits seeinshuctions T e► ................................. 75f 16a Name of country or U.S.possession► ............ ........................................... ....._.. �;�.,:.;:,�4 y b Gross income from all sources �16b ....... . ....... ... .. � c Gross income sourced at partner level t6c ...... ...... ......... ..............._................ � Foreign gross income sourced at partnership level y d Passive tategory► ........................ e General category► t Other ► .:16f�� ...................... ... � Deductions allocated and apportioned at partner level .......;;' F`. g Interest expense► h Other � ��gh .......... . ....._._,...... ..... ........... ......_. ....._.... � Deductions allocated and appodioned at paMership level to foreign source income m '` f Passivecategory► J Generalcat o ► k Other ► �16k� ....... ............... e9 7 ....... .................. 161 LL � Total foreign taxes(check one):► Paid Accrued � m Reduction in taxes available for credit(attach statement) 16m ........... .......... ........ ... ......... n Other foreign tax information(attach statement) .... ..... ... ..... ..... . ...... �: �� -: x �7a Post-�s86depreciationadjustment 17a —1 980� N ........ ... ... ..... . ...... . ... ... � � E b Adjusted gain or loss � � �� b ............................. .................................................... � �^ c Depletion(olher than oil and gas) �� ................... .........._........................ .............. 17d u E� d Oil,gas,and geothermal propeAies-gross income = ......................................... ......._.... 17e a f a e Oil,gas,and geothermal properties-deductions ....................._............ ...,........... .... ... f Othar AMT items atlach statement ............ ........................ .. .............. 17f ............... � 18a Tax-exempt interest income .._........ _... _....... 18a 0 ....................... ........_................ 786 ;., b Other tax-exempt income � ................_.........................._...., . ............... ......... E c Nondeductible expenses ......................... ...................................... ....... ..._.. 18e p 19a Distributions of cash and marketable securities 79a ..........................._..,......................... 19b c b Distributions of other properry — ._.................. ............_......................,. ......, ..... y 20a Investmentincome 20a 32 6 3 8 _...... .. .._. _.. ...._. ..... ..... . . ........._............. O b Investmentexpenses 20b ........... ._...... ........ ...,.... . ._... . ..... ... ... ... c Other items and amounts attach statement), ,,.,,. ��; ,;� : ..... ........ . ........ .......... Fo,m 1065�zoaa� DAA 27a6�8925 U9/01I:01U 11:SJ AM Form t065(2008) KOUGHS OZL SE CE 23-16 8925 Pa9e 5 • Anal sis of Net Income Loss t Net income(loss).ComDine Schedule K,lines 1 ihrough 11.From the result,subirad the sum of Schedule K,lines 12 throu h 13d and 161 '..................................................................... 1 745 821 2 Anatysis by (li)Individual (ili)Individual � aAner (9 Corporate (iv)PaAnership ( 1 Exempt �� Nominee/Other p rype: (active) (passive) organization ( � a General partners 745 821 b Limited aAners ' ' �i�SGh@dUl@rL:=: Balanee Sheets per Books Beginning o(tax year End of tax year Assets (a1 (b) (cl ld1 � Cash...... ; , , ., .:>; , 1 413 B58 ..' . .. 1 776 431 : .: 2a Tradenmesandaaountsreceivable 1 256 098 1 209 359 ..,:; " .. �,:.: :,: ..,.;., <: b Lessa�lowancetorbaddebts 1 256 098 1 209 359 3 Inventories :; ' °`z 137 142 '_ � ::: ` 75 264 < s. 4 U.S.governmentobligations : ': ,t --� i. ;�;f Y� � . . ... . -... h . f 5 Tax�xem isecurities r�:v ; :;.. .�, : P ............ . . ., 6 Other curcent asseb � s z '' s �. 9� - (attec�statement) ....... ..... ... : ' r. .� ; . ..: s < �� .: 7 Moegage and real eslate loans ,... �� ' s �` ,;t � �' 8 Ot�er investmenta �..; � � s m-�� . �;.r s .. (enach statemenq .......... :.� ... � r - . .: � ..; x . �: �, .s: .. ...... .... ', ..: ...-' :_, r .,i,.:� �e... 9a eui�dingsandotherdepreciab�eassets 930 392 's':' = x ,': ; _..� . :..,...<<..>.:. 930 392 u...:...........,........;.:,:..,..,...:.:.:,:: b Lessaccumulateddepreciation ,. 882 965 � 47 427 902 618 27 774 10a Depletable assets �-'a; � u��': .�� : �.- -,.�• ......... .. .... ...... .»�. ...4....'..�.� ,a.....��. �',:: " ...:3., �::..: b Less aaumulated depletion � .........'. ' N land(netofanyamortization) ;�.,m ,y _ .�.� : �:: ` u.. �� 72a Intangible assets(amortizaDle onry) a:-: 4 � ��- �� ---:; a_-� . - � � ..,,. ...�..: s.. ... ., <.:....... ...:. .... b Less accumulated amortization 73 Ot�eraeseU ....... .... c :- .. . ., (ettaehstatement) . .. ..... ... .. . ... e �f, ,. ✓ ' .;s y ...k < �a 7ota�assets S' "`, s� ' 2 854 525 ,` x E 8 2 �� 3 08 8 8 LIahIIltlesandCOpiWI '� �:c ; ��' .. s '� ° y .:': c s ,-:,. ca j�c sr . >,.:,,�....., �:.:1 .s�<::A: 15 Accounts a able � � � ��"`y ` P Y ' ' s �6 Mortgages,notes,bonds payable in less than 1 year � 'y � ''a� �' '� �sY � ��, a � 17 Other curtent IiaOiliGea :�.� � Sy y � .! �#' ,� S ! (BtlBCh 9f8�2rt12111) .L 3" i . : ':' < 5 .' ........ .. 1. � '18 All nOnreeoUrse ban9 ' ': s � x 'e, a', t; .a ' ', ?.. k ..y S�" H) �.. � .:.:£ fl � ,j• ... ... .. ... . � 19 Mortgapea,notee,honEa payable in 1 year a mora 4 � T � � e' . :' z TO Ofherliebllitles y; �."� � 6 £': �.; � s :_ s i (Btlech9tet8menl). � '� rL ' 3t;" � t " . ............ ' . 21 Partners'wpitalaccounts � ' , r w ` r . : 2 854 525 ' � , r 3 088 828 . ... ... .. �,�«L � .... �a :� � ': 22 Totalliabilitiesandca Itai ` , s, ;` y .,:: 2 854 525 , ; 3 088 628 �;3cNUdut� M:=4-,; Reconciliadon of Income (Loss) per Books With Income (Loss) per Return � Note.Schedule M-3 may be required instead ot Schedule M-1 (see instruetions). 1 Net income(loss)per books : 587 797 6 Income recorded on books this year not included 2 Income inUuded on Schedule K,lines t,2,3c, on Schedule K,lines 7 through 11 (ifemize): 5,6a,7,B,9a,70,and 71,not recorded on a Tax-exempt interest E books this year ........................ (itemize): ............................. . ............................................ . .................................... . ............................................. 3 Guaranteed payments(other than health 7 Deduclions included on Schedule K,lines 1 insurence) 167 000 through 13d,anC 161,not charged against 4 Expenses recwded on books th�is year not book Income lhis ear itemize included on Schedule K,lines 1 Ihrwgh Y ( )� . . 13d,and 161(itemize): a Depreciation E • B 976 .......................i....... a Depreclation S b ireveiana ....................... entertainment � ....................... . ............................................ 8 976 ...............................:.... . B Addlines 6 and 7 � 8 97 6 � ............................. . .................................... 9 Income(loss)(Analysis of Net Income(Loss), 5 -Add lines 1 throu h 4 ................. 754 797 line 1 ..Subtract line B from line 5 ...... ....... 745 821 x ScNedufe M'?2!;;; Anal sis of Partners' Ca ital Accounts 1 Balanceatbeginningofyear 2 854 525 8 Distributions: a Cash � ........................ 2 Capital contributed: a Cash b Property - 7 Otherdecreases ....... ........... b Property SE0 SY.att 3 • -(ifemize): ............................. 3 Net income(�oss)perbooks ........... 587 797 353 494 4 Otherinueasee . .....................................�. �item�ze>: 353 494 . .................................... � 8 Addlines6and7 353 494 ............................. . 5 Add lines t throu h 4 ................ 3 442 322 9 Balance at end of ear.Subtract line 8 from line 5 3 0 B 8 828 �� Form 1065(2008) 'JI73d92509(Otl'2010�1'SOAM � � - .. . 4 6511�8 • Partner# 1 � Final K-1 entletl K-1 OPAB No 1545-0099 Schedule K-1 �� part tll Partner's hare of Curcent Year Income;. (Form 1065) Deductiv�s Credits;ana Other Items , Department of the Treasury For wlenEar year 2008,or tax 1 � Ordinary Cusiness income(loss) 15 Credits Intemal Revenue Service yearbeginning 2�]3 749 mding 2 Net rental real estate income(loss) Partner's Share of Income, Deductions, Credits� @tC. ►See back of form and separete instructions. � Othar net rental income(loss) 78 Foreign transaaions ParEt ;:tnfarma#ianAbouttheParfnershi a Guarenteetlpayments A Partnership'semployeritlentificationnumber ']3 OQQ 23-1638925 5 �nterestincome B Partnership's name,address,city,state,antl ZIP code 1() 219 KOUGHS OIL SERVICE ea Ominarydi��dends 101 P.O. BOX 11 fi 6b Qualified dividends NEWVILLE PA 17241 101 7 Royalties C IRS Center whera Dartnership filed retum Cincinnati OH 45999-0011 8 Netshort-termcapitalgain(loss) D � Check if lhis is a publicly traaetl paMership(PTP) 9e Net long-term capital gain(loss) 17 Nlemafive minimum tax(AMT)items !�� I 'it Oc�lfi0n+�ppUt.tlleF�rtne'- A —990 E Partnefa identiying number 9b Collectibles(28%)gain(loss) F Pertners name,etldress,ciry,slata,anE ZIP code 9c Unrecaptured sec[ion 1250 8ain JACOB KOUGA �0 Net section t23t gain(�oss) 18 iax-exempt inwme ana nondeductible expenses 195 GREENSPRING ROAD tt otnerinmmeposs7 NEWVILLE PA 17241 G � General partner or LLC ❑ Limited paMer or other LLC member-manager member H � Domastic partner ❑ Foreign partner 19 Disiri6ulion9 I What ypa o(antity is this paMer7 Individual �� Section 179 tletluction J PartneYS ahare of profit,loss,anA wpital(see instmctions): Beginning Entling �3 Othertletluctions Prafit 50 . 000000 �� 50 . 000000 � A 658 zo omeri�formation �oss 50. 000000 � 50. 000000 � Capital 50. 000000 � 50. 000000 � A 16 320 K Parinefs share af liabili6es at yeer enE: Nonrewurse $ 14 SelFemploymenteamingsQoss) Quali(adnonrecourse(nancing 8 A 34fi 749 ....... ...... Rewurse $ _......._..... ..._ C 448 830 L Partner's cepital account anatysis: �See attached statement for additional information. seeinning capita�account 5 1 � 427�2 6'2 Capital contribuled 4unnB�he year $ , Cument year increase(decrease) 8 11'�� 15'2 • • • • O � ' i ' y ' t 5 ............ Withtlrawals 8 distnbutions $ ( ) � , , , Entlingcapitalacwunl ,,,,,,,,, ,,,,,,,, $ 1, 544� 914 N +� ' ; , , 8 OthaUra(explain� GAAP ❑ Section 704(D)book � For Paperwork Reduction Act Notice,see Instructiona for Form 1065. Schedule K-1 (FO�m 1065)2008 DAA 231838925 09/0 V 2010 11 50 AM � � 651108 Partner# 2 � Final K-1 entled K-1 OM8 No. 1545 0099 Schedule K-1 2��$ pa�� Partner's har�of Currenc Yearincome, ;. (Form 1os5) �e.ductians :Gredits,and f�ther:items �epartment of the Treasury For calentlar year 2000,or tax 7 � Ordinary business income(loss) 75 Cretli[s INemalRevenuaService yeat6eginning 273 7'49 ending 'T"'�' NcTt rental real estate inwme Qoss) Partner's Share of Income, Deductions, Credits� EtC. ►See batk of form and separete inst�uttions. 3 Other net rental income(loss) 16 Foreign transactions PBit l :liif4z[matiCi►h 14bouC f19'e Pe�iC7te[Shi P o Guarenteed payments A Partnership'semployeridentilwtionnumber 94 ��Q 23-1638925 5 �merestincome B Partnership's name,address,ciry,stete,end ZIP coda 16 218 KOUGHS OIL SERVICE 6a Ordinarydividends 100 P.0. BOX 1�.6 - 6b Qualifed tlividends NEWVILLE PA 17241 100 7 Royelties C IRS Center where partnemhip fled return Cincinnati OH 45999-0011 8 Netshort-termwpitalgain(loss) D � Check if t�ie is a publicry tradetl paMership(PTP) 9a Net long-tertn capital gain(loss) 17 AltemaUve minimum tac(AMT)ilems F!arkll InfOrm�tio�i:kbCUttiiBp� �t A -990 E F Partner's name,address,ciry,state,and 21P code 9c UnrecapNreE secGOn 1250 gain KENNETH KOUGS �0 Net secfion 1231 Bain(loss) 18 iax-exempt income and nondetluctible expenses 215 STEELSTOWN ROAD N Otherincome(loss) NEWVILI,E PA 17241 . G � General partner or LLC ❑ Limitetl partner or other LLC member-menager member H � Domeatic partner ❑ Fareign partner � 19 Dishi6utians 1 What rype of entily is Nis peMe�7 Individual �Z Sectian 179 dedudion � J Pertnefs shere of prat,loss,and capital(see instructions�: Beglnning Entling �3 Otherdetluctions Pro(it rJO . �0��0 %I �j0 . 000��0 ^/o A 657 20 Otherinformalion �oss 50 . 000000 � 50 . 000000 % caa�te� 50.000000 � 50 . 000000 v A 16 318 K PartneYS share of liabilities at year entl: Nonrecourse E 14 SelFemploymeM eamings(loss) ............................ � Qualifednonrecoursafnancing E A 367 749 ............. Recoursa E � 448 630 L PaRner's ca0ital account analysis: ;See attached statement for additionai information. Beginnin8�Pital account S 1�4'2 7 ,2 63 Capital contnbuted durin9 the yeer S � ........ T � � .` � � 5 � , f Current year increase(aecrease� . S 117� 151 0 � � i Withdfawa1984isV10utions 5 ( ) � � � Entling capital account ...............�. S 1 �544� 414 � J ; t' � � � � Tax basis ❑ GAAP ❑ Section 704(b)7ook o Other(explein) LL For Paperwork Retluction Act Notice,see Instructlons for Form 1065. Schedule K-1 (Form 1065)2006 onn 'Z31638925 KOUGHS 01� SE CE J/1/2010 11:50 AM 23-1638925 � Federal Statements Q FYE: 12/31l2008 Statement 1 - Form 1065, Page 1, Line 20 - Other Deductions Description Amount ADVERTI5ING $ 3, 947 DUES 689 EQUIPMENT FUEL 35, 524 INSURANCE 21, 561 OFFICE 5, 668 PROFESSIONAL SERVICES 395 TANK REGISTRATION 625 TRUCKING 57, 390 UTILITZES 2, 226 TRAINING 1, 531 SALES TAX REMITTED 16, 728 � BANK CHARGES 1, 000 Total $ 147, 284 1 � � � � � � � a m � N 0 � � ri � � O � F O � O N <n �n � � 0 0 O N � � N O o i+ 7 a r � c o o r� U � � � .M- �T ur L. d � c � J u� �n � � � Y M r+1 � 7 0 � � N L � � V � y L � O � � • d � � � O O LL o � o C O d � d � �r m � W U � � W � J � � O _ � - O � U O � Y N � � � � � N � M � M M � F � � � W M M �' N N lL �231638925 KOUGHS OIL SE CE 9/1/2010 11:50 AM 23-1638925 � Federal Statements � FYE: 12/31/2008 Statement 3 - Form 1065. Schedule M-2. Line 7 - Other Decreases Description Amount $ 353, 994 Total S 353, 494 3 ' � Form 1065 U.S. Return of Partnership Inco� OMB No. 1545-0099 DepartmentoftheTreasury Forcalendaryear2009,ortaxyearbeginning �¢�d�^9 �oo� .. .. ......... . .... . .... � Internal Revenue Service ►See separate inStluctions. A Principal business activiry Name of partnership U5e the D Employer identifiwtion number FUEL DELIVER 1abe1 KOUGHS OIL SERVICE 23-1638925 B Principal product or service OthBf- Number,street,antl room or suite no.I!a P.O.Cox,see the instmctions. E Date business started FfJEL OIL wise, p,p, BOX 116 06/15/1957 C Business cotle number print Ciry or town,state,and ZIP code F Total assets(see the 454311 ortype. NEy�TVILLE PA 17•241 instructions) $ 3 267 203 G Check applicable boxes: (1) Initial return (2) � Final reWm (3) � Name chanqe (4) � Address change (5) � Amended retum (6� Technical termination-also check(1)or(2) H Check accounting method: (1) Cash (2) � qccrual (3) � Other(specify)► .............._. ....._ ... . . .. um er o chedules K-7.Attach one for each person who was a partner at any time during the tax year► � Q ...._. . ....... . .... ..... .. . ..❑ J Check if Schedules C and M-3 are attached ......... ........_,,_.._,, �� ........ ..... ,. _.... .. ........ . .. . ........ Caution.Include only irade or business income and expenses on lines ia ihrough 22 below.See the instructions for more information. 1a Grossreceiptsorsales �a 3 847 713 _........ ............... b Lessreturnsandallowances 1b 1c 3 $47 713 ............................................... y 2 Cost of goods sold(Schedule A,line 8) 2 3 O50 594 � 3 Gross pmfit.Subtrect line 2 from line 1c 3 797, 119 ....... ...1... ......)... ....... . ..... .......... 4 � 4 Ordinary income(loss)from other padnerships,estates,and trusts attach statement .............................. ....... � 5 Net farm p�oft(loss)(attach Schedule F(Form 1040)) g — ...................................._..... ....._.... B 8 Net gain(loss)from Form 4797, Part II,line 17(attach Form 4797) ..._................................... 7 Other income(loss)(attach statemenq .............._..................,................................, � 8 ToWI income loss.Combine lines 3 throu h 7 B 797 119 � 9 Salaries and wages(other than to patlners)(less employment credits) g .......................... ........._... �y 10 Guaranteed payments to partners _......,.._................. _.... 10 212 000 .E 11 Repairs and maintenance » — ... ............................_............................_................. � 12 Bad debts _..........._ ......... �z 11 847 � 13 Rent �� ... ....... 13 � __......... _ _ _....... . .... .......... �a 3 108 14 Taxes and licenses ...... ...... . ....... .................. .. .._......_............ = 15 Interest � .............. .......... ..... .. ,. . ............... ......... ... 15 . ....... . .............. = 16a Depreciation(if required,attach Form 4562) tBa 8 342 ` � ............................._.. :,.....,.:. � b Less depreciation reported on Schedule A and elsewhere on return 16b i6c 8 342 .. ......... 17 C 17 Depletion(DO not deduct oil and gas depietfon.) ................_..................................,..... � 7 B Retirement plans,etc. ..... ..............................._.............._....................... 18 � 19 Employee benefit programs .................................._......_.... ........................ .... 19 0 2o Otherdeductions(attach statement) See Statement 1 20 140 921 _. ....... 27 Total deductions.Add the amounts shown in the far ri ht column for lines 9 ihrou h 20 ,,,,,,,, , , ,,,,,,,, 21 $7 6 218 22 Ordina 6usiness income poss).Subirect line 21 from line 8 ....., ,._._,_. 22 420 901 UnCer penaltrea ot perjury,I declare Ihat I heve examined Nis return,including accompanying schedules anC stalements,and to ihe bast of my knowledge antl belief,it is tma,carrect,antl wmplete �eclaralion o(Oreparer(other than general partner or Iimite0 liabiiiy company member manager) S ign �s based on all information ot which preparer has any knowledge May ihe IRS tliswss this retum Here with the preparer shown 6elow(see ' ' instmctions)? � Vas � No Signature of general paMer or limitetl liability company member manager Dale Preparefs �ata Preparer's SSN or PTIN Paid �ienam�e 09/O1/10 s If-employetl► P00224543 Preparer's Firm'aname(oryours ' Howard' s Accountin eiN► 23-2270133 UseOnly ifselFemployeA), 8 West Big Spring Ave. ano�e address,andZlPcode NEFlV1116 PA 17241 °0� 717-776-5864 For Privacy Act and Papenvork Reduction Act Notice,see separate instructions. Form 1065(zaoe� onn � Form�065(2009) KOUGHS OIL SE�CE 23-1�925 Page2 3c.Itedule A; Cost of Goods Sold see the instructions 1 Inventory at beginning of year 1 �5 2 64 . .............. ....................._......................_ ...,.... ,........ 2 Purchases less cost of items withdrawn for personal use 2 3 �2$ 697 ......._.......,..._................. ......... .. ...... 3 Cost of labor 3 _.. ...._ ....._ .. ............. ............ ....._.._......... ..._._. ........ ...... ........ 4 Additional section 263A costs(attach statement) � q ........... ...................... ..................... ........ 5 Other costs(atlach statemenp 5 . ... .� .. _.. .. .... ...,. .............. ....... 6 Total.Add lines 1 through 5 6 3 103 961 ..... .................................... 7 �nvenrory at end of year 7 53 3 67 _._...._...... ... . ... 8 Cost of goods sold.Subtract line 7 from line 6.Enter here and on page 1,line 2 8 3 O50 5 94 ..._....._........... _... ... ... 9a Check all melhods used for valuing closing inventory: (i) X Cost as described in Regulations section 1.471-3 (ii) Lower of cost or market as described in Regulations section 1.477-4 (iii) Other(specify method used and atlach explanation)► ............................._ ..... ...... ........, .................... ...... b Check this box if there was a writedown of"subnormal"goods as described in Regulations sedion 1.471-2(c) ► ... . ... ...... c Check this box if the LIPO inventory method was adopted this tax year Por any goods(if checked,attach Form 970) ► ............................. .. d Do the rules of section 263A(for properry produced or acquired for resale)apply to the paAnership9 Yes No .. ...... .................. e Was there any change in detertnining quantities,cost,or valuations behveen opening and closing inventory? Yes X No ............... ... If"Yes,"attach ezplanation. SeEledule 8• Other Information 1 Whal rype of entity is filing this return9 Check the applicable box: Yes No a Domestic general padnership b Domestic limited padnership � � c Domestic limited liability company d Domestic limited liability paAnership � - e Foreign partnership f Other► �,. �� ............_..................................................._.. ....... .. . ,2 At any time during the tax year,was any partner in the partnership a disregarded entity,a padnership(including an entiry treated as a partnership),a trust,an S corporation,an estate(other than an estate of a deceased partner), or a nominee or similar person7 X .............................._._............................................., ................ . 3 At the end of the tax year: a Did any foreign or domestic corporation,Partnership(including any entity treated as a padnership),trust,or tax- ...............:�. exempt organization own,directly or indirectly,an interest of 50°/a or more In the proft,loss,or capital of the partnership?For rules of constructive ownership,see instructions.If"Yes,"attach Schedule B-1, Information on PaAners Owning 50%or More of the PartnershiP ..................................................._.._..................__.... X b Did any individual or estate own,directly or indirectly,an interest of 50%or more in the profit,loss,or capital of the partnership?for rules of constructive ownership,see instrudions.If"Yes,"attach Schedule B-1,Information on Partners Owning 50°/,or More of lhe PartnershiP _..........._..............._................................... ......,..... X ..._......... 4 At the end of the tax year,did the partnership: a Own directly 20°h or more,or own,directly or indirectly,50%o,more of the total voting power of all classes of stock entitled to vote ot any foreign or domeslic corporation?For rules of constructive ownership,see instructions. If"Yes;'com lete i throu h(iv below ,,,,,,,,,,,,,,,,,,, � X� .................................. ..........._............ (i)Name of Corporation (ii)Employer ldentification �ifi)Couniry ot (iv)Percentage Numbar(if any) Incorporetion Ownetl in Voting Stock b Own directly an interest of 20%or more,or own,directly or indirecty,an interest of 50°/,or more in the profit,loss, _,. ,..,,.`;��:, or capital in any toreign or domestic partnership(including an entiry treated as a partnership)or in the beneficial � _ interest of a lrust?For rules o�constructive ownershi ,see inslructions.If"Yes,"com lete i ihrou h v below. ...... ......... X (i)Name of Entiry (ii)Employer (iii)Typa of (iv)Country ot (v)Maximum Identifcation Entiry prganization Percentage OwneC in Number if an Pmfit,I.oss,or Ca ital Fo�m 1065(2oos� DAA � Form �065(2o0s) KOUGHS OIL SE CE 23-1 925 Page 3 Yes No 5 Did the partnership file Form 8893,Eiection of Partnership Level Tax Treatment,or an election statement under section 6231(a)(1)(B)(ii)for partnership-level lax Ireatment,that is in effect for this tax year?See Form 8893 for moredetails .._....... . .................._ ........ ...... .. ... .. � ...... ..... . _..... ............ .... ........... X� 6 Does the partnership satisry aU four of the following condifions7 a The partnership's total receipts for the tax year were less than$250,000. � ...,,.,�-- b The partnership's total assets at ihe end of the tax year were less than$1 million. �,..,..... .:...:�� c Schedules K-1 a�e filed with the return and fumished to the partners on or before the due date(including extensions)for the partnership return. d The partnership is not filing and is not required to file Schedule M3 � X� ... . ............_....... .. ..._............. It"Yes,"the partnership is not required to complete Schedules L,M-1,and M-2; Item F on page t of Form 1065; or Item L on Schedule K-1. 7 Is this aRnersbi a ublid traded aMershi as defined in section 469(k) 2 ? X�� 8 During the tax year,did the partnership have any debt that was cancelled,was forgiven,or had the terms modified so as to reduce the rinci al amount of the debt? .............. X ............................... ...._.. ..,..,...._..... 9 Has this partnership filed,or is it required to file, Form 8918,Material Advisor Disclosure Statement,to provide information on an re ortable transadion? X 10 At any time during calendar year 2009,did the partnership have an interest in or a signaWre or othe�authority over a fnancial account in a foreign country(such as a bank account,sewrities account,or other fnancial account)? See the instructions tor exceptions and filing requirements for Form TD F 90-22.1,RepoA ot Foreign Bank and Financial Accounts.If"Yes;'enter the name of the forei n count .► � - �- ��X��- 11 At any time during the tax year,ditl the partnership receive a distribulion from,or was it the grantor of,or �::....... ...... � transferor to,a foreign Irust7 If"Yes,"the partnership may have to file Form 3520,Annual Return To Report Transactions With Forei n Trusts and Recei t of Certain Forei n Gifts.See instructions � --� ��g � 12a Is the partnership making,or had it previously made(and not revoked), a section 754 election7 }( ....... .............. ........... ee instructions for details regarding a sedion 754 eledion. b Did the partnership make for this tax year an optional basis adjustment under section 743(b)or 734(b)9 It"Yes," attach a statement showing the computation and allocation of the basis adjustment.See instmctions }[ ........... .._............ c Is the partnership required to adjust the basis of partnership assets under section 743(h)or 734(b)because of a �� su6stantial 6uilt-in Iws(as d�ned under seclion 743(d))or substantial basis reduction(as defined under section . 734 d ?If'Yes;atlach a statement showin the wm utation and allocation of the basis ad'ustment See instructions. .,...,. � ........ ....._.... X .: . 13 Check this box it,during the wrrent or prior tax year,the partnership distributed any property received in a like-kind ezchange or contributed such property to another entity(other than entities wholly-owned by the artnershi throu hout the tax ear ...._.. ':. :' ........................... ,..... ........... ► _....................... ........ ..:._._... ... 14 At any time during the tax year,did the partnership distribute to any partner a tenancy-in-common or other undivided interest in artnershi ro e ? ... ................. X ...... ........._................ .......,........ 15 If the partnership is required to file Form 8858, In(ormation Return of U.S.Persons With Respect To Foreign Disre arded Entities,enter Ihe number of Forms 8858 attached.See instructions► : 18 Does the partnership have any foreign partners7 If"Yes;'enter the number of Forms 8805,Foreign PaAneYs Information Statement of Section 1446 Withholdin Tax fled for this� artnershi . ► �� g�� 17 Enfer the number of Fortns 8865,Return of U.S.Persons With Respect to Certain Foreign Parinerships,attached `� :�-� to this return. ► ,. .,-::...:. ::....:';� Designation of Tax Matters Partner(see instructions) Enter below fhe general partner designated as the tax ma8ers partner(TMP)for the tax year of this return: Name of deaignated itlentiying TMa JACOB KOUGH numberolTMP 184-38-1925 If the TMP is an ' entity,name Phone number ot TMP reoresentative of TMP nderessot 195 GREENSPRING ROAD T�P nated �,�IL�, PA 17241 Form 1065(zaos) onn . Formt065(2009) KOUGHS OII� SE�CE 23-1;';': 925 �age4 S¢heduie K Partners' Distributive Share Items Total amount t Ordinary business income poss)(page 1, line 22) t 42 0 901 _ ,. _ ... ..... .......... ...... . 2 Netrentalrealestateincome(loss)(altachFOrm8825) ...... .................................... .. ..... 2 3a Other gross rental income(loss) 3a .. .... ......... . . ..... .. ..... .� b Expenses from other rentai activities(attach statement) 3b =� � ............ ......... c Other nel rental income(loss).Subtract line 3b from line 3a 3c . ................. ........... ....... .......... N a Guaranteedpayments a 212 000 _ 0 5 Interestincome 5 40 802 J ................................... .......................... ....... ................. 6 Dividends: a Ordinarydividends 6a 242 'y _. .. E b Qualifed dividends 6b 242 ��:. ........ ........ . ....... - � 7 Royalties ......................................._......._............. ......_... _.......... ..... � � 8 Net shod-term capital gain Qoss)(atlach Schedule D(Form 1065)) 8 .................. .... . .......... ..... 9a Net long-term capital gain(loss)(attach Schedule D(FOrm 1065)) 9a ...._...... .......... ............ ..... b Collectibles(28%)gain(loss) 9b ....................... ................. : c Unrecaptured section 1250 9ain�auacn sutemenq 9c , .... .......... 10 Net sedion 1231 gain(loss)(ariach Form 4797) �p .............................. ....................._... N Otherincome lass seeinstructions T e► ........... .............................. ................. 11 12 Sedion 179 deduction(attach Form 4562) 12 7 214 .... .. ..... . . � 13a Contributions Se9 StdtEIdeEt 2 13a 1 95� ....._................................_ ....._.......... ..........._............ ..... � b Investment interest expense 13b ........... ................ ............. � c Section 59(e)(2)expenditures: 9 p (�)TYPe� ......._.................. .. ..................... (2) Amount ► 1�c(2 ............. ......... d Other deductions(see instructions) Type► ................ . ,,. 13d ....__.. .............................. a 14a Net earnings(loss)trom self-employment 14a 632 901 w H m b Gross farming or fishing income 14b . . . . .... .... . �n w E c Gross nontarm income 14c 797 119 _............ ._........................ 15a Low-income housing credit(section 42Q)(5))............................................................ 15a � b Low-income housing credit(other)..................................................................... 15b �p c Qualified rehabilitation expenditures(rental real estate)(attach Form 3468) 75c � d Other rental real estate credits(see instructions) Type► 75d V e Other rental credits(see instructions) Type► 15e .._....._......._.........._. f Other credits see instructions T e► .._............ ...._........_. 15f 18a Name of country or U.S.possession► ................. .............................. ................. 5 y b Gross income from all sources 16b ............._......, ... ....,. � c Gross income sourced at partner level 16e � Foreign gross income sourced at partnership level y d Passive category► e General category► f Other ► 16f� ....... ............ ..... ........_.......... .. .. � Deductions aliowted and apportioned at paAner level A F g Interesf expense► h Other ► 16h� ... ........................... ,..._.. ..... ......... ..........,..... � �eductions allocated and appodioned at partnership level to foreign source income � 'd i Passive category► J General category► k Other ► 18k �, .............. ....... ..............._.... .... LL � Total foreign taxes(check one): ► Paid � Accrued � 181 m Reduction in taxes available for credit(attach statement) tBm ._.._..._......,._......... ...._...,... .... n Other(oreign tax information(attach statement)., �� ' �� - ...._ ........ . ..... ..... ..... .... . .. .. . x 17a PosF1986depreciationadjustment 17a —2 842 ........ ......... . ...... ..... . ..,._.. y!— � b Adjusted gain orloss ..................................... 17b ........._..._................_ .......... � �� c Depletion(otherthan oiland gas) ................................................... .......... 17c ` E F d Oil,gas,and geothermal properties-gross income 17d ..._... ..........._............_..... ..... . .... ;;C� e Oil,gas,and geothermal properties-deductions 17e Q�a f Other AMT items atlach statement 17f _. ........ ...._ .... . .... . _._... ...... .. � 18a Tax-exempt interesl income 18a � ................:...... .... ......... . ......... .. ;-, b Othertaz-exemptincome 18b � c Nondeductible expenses .. ..........�. ................................... ............. ............. 18c � 19a Distributions of cash and marketable sewrities 79a 431 1.61 w e b Distribulions ot other propeRy 19b _ ... .... ..... ......... � 20a Investmentincome 20a 41 044 d _.. � b Inveslmentexpenses 20b O _ . ..._..._.._......... ._.._.... .... _. c Other items and amounts attach slatement .,,,,,,,., ,, .. �- � ...... .... . . .. . Form 1065(zoos� DAA 'FormtOtiS(2009) KOUGHS UIL SE CE 23-1 925 �aoes ` Anal sis of Net Income Loss • 1 Net income(loss).Combine Schetlule K,lines 7 throuqh 11.From lhe resull,subtract the sum of ScheEUle K,lines 121hrou h 13d,and i61 ..................................................................... 1 664 781 2 Anarysis by (ii)Individual (ili)Individual (v)Exempt (vi partner rype: (�)Coryorate (active)� (passive (iv)PaAnership � ) organization Nominee/Ot�er a General partners 664 781 b Limited artners r SCh@dUles�:ti Balance Sheets per Books Beginning of tax year End of tax year Assets (a) (b� (c) (d) t Casn........ . .. ..... . .... ... ' � . . . :`;. :� 1 776 431 ;,::',. ; .:�` 2 028 256 2a Trede notes and aaounts receivable 1 209 359 .�.o, , 1 159 965 .�:' > , .:; ;:,. ..: .':> b Lessallowancefarbaddebts . 1 209 359 . � 1 159 965 1 �nvenrories ' ' 75 264 :' ; 53 367 r 5 � f :' � � � l _� , 4 U.S.governmentobligations. ;r - m ' � �, . z y 5 Tax-exemptsewrities ,...,,..,., �' ; -.� '` �'� -.< 45 ��.� a : 6 � Other current eesed ' - r k "�� ', _:�.; �' s � . (attBCh stetemenl) ...... �� .�. � . � : .... .. . . : . 7 MoAgage and real estate loans , , . � �.; '' 8 Other investments ��!�r � ��- `� � �:% � (ettach stetemenp ......... . . ............ :.., �. :...:.:v. ...:-v xk::: ' � •" .. �. ...:;, 9a eui�dingsandmherdepreciabteassets ,,,,. 930 392 �„ ? 937 606 �� ' . . .�...r . .,..> . �:: .' ;, b Lessaccumulatedde reciation 902 618 27 774 911 991 25 615 P ........... 10a Depletableassets �� -�._ h.� �'? "° � ' ......... .. .......... ':3 ..z� c >,.:: �'_ .-'; b Less accumulated depletion - � �� ............... 11 Land(net of any amortization) ��` � �,� :�s -�:.; t'��-:; .�� .� ....... . . s:: ,..M,.>..... . .: ,..�..................:....<;^..:�..,.:....,...>... 12a Intangible assets(amortizable only) _� �;t ' �Y� " :'::� � �'�k :::� ........ . �..,..:�. ..,.,:...; ,:;.<, ..,...,.,.. � . b less accumulated amortizalion � �� $ OihBf 0998b - '.'. .. . , (BnBCh S�BlOTBM) ...... ... s .; f $?s 3 �; - • . �' ! . 1a Tota�assets � a 3 08B 828 � k s 3 267 �203 LIabIIltlesandCapltel ��.:a S� � ?�-� � � � � � � g ' .5,....:.: tYc '. 9. .,o- , x . s r:< ,, .,. . 15 Acwunts payable ....... ....... N:�^ h � � � r �, -. ; s � �° w ..;�� 18 Mortgages,notes,bonds payable in less than 1 year ''„ s � � ; . r a 17 OthercurtenNia6ilities "^` s � z� y'- 's (etteehslatamem) ........ ... . ..�:�! ty �_p ..; e,..-,a -.,; 18 All nonrecoune loens �x � "� � 5 � ' ^ t: ...... ... .... . � x r --,. 19 Mortgeges,nOtel,EonCS payaWe ln 1 yeef Of more .� k�z � � �F �.ys° °� � 20 OtherllaDili�iee � � x ��' s � s �„ r y (enach statamem) . ... .. .. .... �;. ' .� �� :-:s E g 21 Pmmers'cav�waocauntc . .. : a � � 3 088 828 �° ' : 3 267 203 , zz Totalliabilitiesandca ita� � � � „';: 3 OBB 828 � '' �: 3 267 203 ,;'SChedule M;:1,';; Reconciliation of Mcome (Loss) per Books With Income (Loss) per Return Note.Schedule M-3 may be requlred Instead of Schedule M-1 (see instructions). - 1 Net income(loss)per books 459 680 6 Inwme recorded on books this year not included 2 Income inGuded on ScheOule K,lines 1,2,3c, on Schedule K,lines 1 t�rough 11 (itemize): 5,6a,7,8,9a,10,anE 71,not recorded on a 7az-exempt interest S baokS�hiS year � . ............. ........... (itemize): ............................. - ............................................. . . .................................... � ............................................. � 3 Guarenteed payments(other Ihan 7 Deductions included on Schedule K,lines • heallh insurance) 212 000 1 through 13d,and 161,not charged � � 4 Ex�nses recorded on books this year noi against book income lhis year(itemize): ' inc uded on Schedule N,lines 1 UrougA 13U,and 761(itemize): a Depreciation 5 6 8 99 .......................r...... e Deprecletion $ , b Trave�enE ....................... enteneinment 8 ....................... ............................................. 6 699 �, ............................................. ' . .................................... . 8 Addlines6and7 _6 899 ............................. . ................. � .,,,,,,,,., 9 Income(loss)(AnarysisotNetlncome 5 Add lines 1 throu h 4 ....... ......... 671 680 Loss line t .Subtract line 8 from line 5 ....... 664 7 B1 i'SctieduleiM-2;:` Anal sis of Partners' Ca ital Accounts 1 ea�ance at beginning of year 3 238 684 6 oistributions: a Cash 431 161 2 Capital wntribuled: a Cash b Property b Property 7 Other Eecreasee ....... (itemize): ..................................... 3 Net income(loss)per books ........... 459 6B0 � 4 Ot�erinaeasee . ............................................. (itemize): ........................ ............................................. . .................................... 8 Add lines 6 and 7 4 31 161 ............................. 5 Atld lines 1 throu h 4 ................. 3 698 3 64 9 Balance at end of ear.Subiract line 8 from line 5 3 2 67 2�3 �A'°' . . Form ��s�J(2009) - SCHEDULE B-1 ��mation on Partners Ownin�0% or (Form 1065) (Decemher2009) More of the Partnership OMBNO.i545-0099 Department of the Treasury ►q�ch to Form 1065.See instructions on back. Internal Revenue Service Nama of partnership Employer itlentification number(EIN) KOUGHS OIL SERVICE 23-1638925 PairC ! : Entities Owning 50%or More of the Partnership (Form 1065, Schedule B, Q�uestion 3a) Complete columns(i)through(v)below for any toreign or domestic corporetion,partnership(including any entity treated as a partnership),trust,ortax-exempt organization that owns,directly or indirectly,an interest of 50%or more in the profit,loss,or capital of the partnership(see instructions). (ii)Empioyer (v)Maximum (i)Name of Entity IdentiBwtion Num6er (iii)Type ot Entiry (�°) PercaMage Ownea (if any) Country oi Organization in PmBt,Loss,or Capital Fart [F:? Individuals or Estates Owning 50°/,or More of the Partnership (Form 1065, Schedule B, Question 3b) Complete wlumns(i)through(iv)below for any individual or estate Ihat owns,directy or indireclly,an interest ot 50°/a or more in the profit,loss,or capital of the partnership(see instructions). (iv)Maximum (i)Name of Individual ar EsWte (ii Identi in Numher Percentage Owned in ) M1/ g (iii)Country o/Citizenship(see instructions) Pmfit Loss, (if any) or Capital JACOS KOUGH 184-38-192 United States 50 . 000000 KENNETH KOUGH 181-32-3472 United States 50 . 000000 For Paperwork Reduction Act Notice,see the Instructions for Form 1065. Schetluie s-1(Form 1065)(12-2009� ona �'+� �5110 9 - Partner# 1 ` J � Fnal K 1 mentled K-1 GhiB No 1545-0099 ScheduleK-1 ZOO9 Partlil Partner's;ShareofGurrent:Yearincome;< , �Form 1065) Reducticans; Credits;and Othe��tems �epartment af the Treasury For calendar year 2009,or taz 1 Ortlinary business income(loss) 15 Cretlils Intemal Revenue Service yearbeginning '210 �]�j]. entling 2 Net rental real estate income Qass) Partner's Share of Income, Deductions, Cred its� @tC. ►See back of form and separate instructions. � ��her net rental income(loss) 16 Foreign iransactions Barf t : t�farmaft�n I#bo�t tiie Pattners6i a GuaranteeA peyments A Pannership's emp�oyer identifcation number 93 6�� 2 3-163 8 92 5 5 Imerest income B Partnership's name,adtlress,city,state,and ZIP co0e 2� 4�], KOUGHS OIL SERVICE ea ommerydi�iaends 121 P.O. BOX 116 6b �ualifetl dividends NEWVILI,E PA 17241 121 7 Royalties C IRS Center where partners�ip filetl reWm Cincinnati OH 45999-0011 8 Netshort-tertncapitalgain(loss) D � Chetk if this is a publicly traded partnenhip(P7P) 9a Net long-term capital gain(losa) 17 Altemative minimum la�(AMT)items aa,tu ;:Inf rmation,4uoutthePartneri A -i 42i E F Partner's name,adtlress,ciry,state,and ZIP cotla 9c Unrecaptured section 1250 gain �lC�B KOU(�a� �p Net saction 123t gain Qoss) 18 7ax-exempt income antl nonCetluctible expenses 195 GREENSPRING ROAD �1 otherincameposs) NEWVILLE PA 17241 G � Generel partneror LLC ❑ Limitad patlneror other LLC member-managet member H � Domesticpartner ❑ ForeiBnpartnar 18 DisMDutions I W�attypeofentityisNispartneR Individual 12 Section1794aduction A 21rJ rj8]. J PartneYa share of pmlt,lass,antl capitel(see instruclionsJ: 3 607 Baginning Entling 13 Otherdeductions Profit 50. 000000 ^/e� 50 . 000000 � A 975 zo otne�i�torma�ion Loss �JO .UOOOOOY �JO . OUOOOU % Capital 50. 000000 � 50 . 000000 � A 20 522 K Parinefs share o/IiaOilitiea at year entl: Nonrewurse E 14 Self-employmenteerningsQoss) Oua�ieednonrawursaflnancing g A 304 OS1 . . ... .. ...... Recourse § _..... .. C 398 560 L PertneYSCapitataccountanalysis: iSee attached statement for additional information. Beginning wpitai account 5 1 , 619�34$ Capital wntributed dunng the year $ Currentyearincrease(decrease) .,. .....,,, S 229 , 840 i �� i ' � � r � � � Withdrewala 8 disinbution9 $ ( 21 r'J� rJ 81) c ' , � t ' Entlmgcapitalaccount S 1 � 633, 604 N � , BOther(explain� GAAP ❑ Section 704(b)book � + f +' • � LL M Did Ne partner contnbute property with a builFin gain or loss7 ❑ Yes � No If"Ves",atlath sta�emen�(See insUUCtions) For Paparwark Reduction Act Notice,see Instructiona for Form 1065. Schedule K-1(Form 1065)2009 DAA _ SS11�9 ` Partner# 2 � 2009 � Final K i entle0 K-1 CM8 No �545-OG99 Schedule K-1 Part III Partner's hare of Gurrent Year incame, (Form 1065) Deductiane, Credits;and Otfier Items , Oepartment of the Treasury For calendar year 2009,or tax 1 prtlinary business income(loss) 15 Credits Internal Revenue Service yearbeginning '21� 450 ending 2 Net rental reai estate income(loss) Partner's Share of Income, Deductions, Credits� @tC. ►See back of form and separate instructions. � Other net rental income(loss) 16 Foreign transactions ; Parf 1 infarmafion Rbout the Pa�tneeshi ; a Guaranteetl payments A Partnership'semployeridentifiwtionnumber 118 4�0 23-1638925 5 interestincome B Partnership's name,aEtlresS,uy,sWte,and ZIP wEe '2 0 401 KOUGHS OIL SERVICE ea OrtlinarytlividenGs 121 P.O. BOX 116 6b Qualifetl divitlenda NEWVILLE PA 17241 121 7 RoyaNies C IRS Center where pannership filed return Cincinnati OH 45999-0011 8 Netshort-termcapiWlgainposs) D � Check if ihis i9 a pubiicly tradad partnarohip(PTP) 9a Net long-term capital gein(loss) 17 Aitema�ive minimu'm�ar�AMT)ilems F�ar�l! tnfatmakionaqo rthep�rtri�? a -1 a2i E PartneYS F PartneYS name,atltlress,ciry,state,an0 ZIP cotle 9c Unracaptured section 1250 gain �+''�.T'1TH ROU(i$ �p Net section 1231 gein(loss) 18 Tax-exempt income and nontleductible ezpensea 215 STEELSTOWN ROAD �� otnerincome(�oss) NEWVILI,E PA 17241 G � General partneror LLC ❑ Limiled parineror other LLC member-mane8er mem6er H � Domestic partner ❑ Foreign partner 19 Distributiona I Whettypeofentityisthispartnef� Individual 12 Section179detluction A 215 580 J Petlner's share of pmfit,losa,antl wpitel(sea instructions): 3 6�7 Beginning Entling 17 Otheraetluctions v�oet 50 . 000000 i 50 . 000000 i A 975 zo otne��nro�mauon �oss 50 . 000000 v, 50 .000000 r casita� 50. 000000 � 50 000000 a, A 20 522 K Partner's share o1 liabilities at year end: Nonrecourse $ 14 Self-emplaymentearnings(loss) .... ...... ..... ........... . �ualifeEnonrecoursefrnancing S A 328 850 Rewurse g ................... ............ L Partner'scapitalaccountanalysis: C$ee at(aChed 8a e�pe�(fOf BddltiOflB� IflfOflTlOtlOf1. eeginning capita�account S 1 , 619, 33 9 . ... .. ......._ .. . CaO�tal contnbuted tluring the year $ Current year increase(tlecrease) ...,,,,, .,, g Q Q 9, $Q Q '� , 1 , �y ' y' � Withdrewals 8 distn6ulions g ( Q 1�j, �j8 Q) c J , ' i Endin9wPitalaccount ... ......... ........ 5 1 . 633. 599 � 1 � � � � ' eTax basis ❑ GAAP � Section 704(b)book � � � � ' '1 J Other(explain) o` LL M Did the paAner contnbute property with a builMin gain or loss9 ❑ Yes � No If"Yes",atlach statement(see inslrutlions) For Paperwork Reduction Act Notice,see Instmctions for Form 1065. Schedule K-1 (Form 1065)2009 DAA ' 4562 � Depreciation and Amortizati� OMBNO 1545-0172 Form �1ncluding Information on Listed Property) 2009 Department of the Treasury Intemal Revenue Service Attachment (es) ► See se arate instructions. ►Attach to our tax return. Se uence No. B7 Name(s)shown on rewm Identitying number KOUGHS OIL SERVICE 23-1638925 Business or adiviry to which t�is form reiates � Regular Depreciation Part i ! Election To Expense Certain Property Under Section 179 Note: If ou have an listed ro e com lete Part V before ou com lete Part I. 1 Maximum amounl.See the instructions for a higher limit for certain businesses 1 250 000 _......................... ... ...... 2 Total cost of section 179 properry placed in service(see instructions) 2 7 214 ............................... ..._ ...... ... 3 Threshold cost of seqion 179 property before reduction in limitation(see instructions) 3 800 000 ..._........... . .... ....... .. 4 Reduction in limitation.Subtract line 3 from line 2.It zero or less,enter-0- 4 0 ................_........ , _., ...,..... 5 Dollar limitation for tae eac Subtred line 41rom line 1.If zero or less enter-0,If marned filin se aratel see instructions .. ...... . .. 5 2 50 0 00 g (a)�escriptian of properry (6)Cost(business use only) (c)Elected cost E UIPMENT ADJ 7 214 7 214 ' 7 Listed property.Enter the amount from line 29 7 ..........._............_....... .._.... :: . .. ;, 8 Total elecled cost of section 179 property.Add amounts in column(c),lines 6 and 7 8 7 214 ............................... 9 Tentative deduction.Enter the amallar of line 5 or line 8 9 7 214 .. .................._................, ,................ 10 Carryover of disallowed deduction from line 13 ot your 2008 Form 4562 10 11 Business inwme limitation.Enter the smaller of business income(not less than zero)or line 5(see instructions) 11 2 50 00 0 12 Seclion t79 expense deduction.Add lines 9 and 10,but do not enler more than line 11 .,.,... 12 7 214 13 Car over of disallowed deduction to 2010.Add lines 9 and 10 less line 12 .,......,... ► 13 �� '� `:: Note:Do not use Part II or Part III below for listed property.Instead, use Part V. Pdt'E!I :< S ecial De reciation Allowance and Other De reciation Do not include listed ro e . See instr. 14 Special depreciation allowance for qualified property(other than listed propeAy)placed in service during the tax year(see instructions) 14 .......................................................................... 15 Property subject to section 168(�(1)election 15 . .... .... .... . ... 18 Other de reciation includin ACRS .. , ....,.... 16 71 f . .... .... .... . ....... ....... .... .. , Pa�t1I1` MACRS Depreciation (Do not include lisfed property.) (See instructions.) Sectlon A 17 MACRS deductions for assets placed in service in tax years beginning before 2009,..... � .. ................... .. 17 '18 It you are electin0 ro group any assets pleced in servica OunnA the lax year into one or more Beneral esset eccounts,check here� � Sectlon B—Assets Plaeed in Servica During 2009 Tax Year Using the Generel Depreciation System (b) Month and yaer (c) Basis far tlepreciation (d)Rewvery (a) Classi(cation o(property placeE in (busines�nvestmant use (e) Convention �� Methotl (g) Depreciation tleduction service onl-see instructions periotl 19a 3- ear ro e b 5- ear ro e c 7- ear ro e f�: .....': �': d 10- ear ro e e 15- ear ro e � f 20- ear ro e " ............. 25- ear ro e 25 rs. S/L ........_ .......:..�,� h Residential rental 27.5 rs. MM S!L property 27.5 rs. MM S/L I Nonresidenlial real 39 rs. MM 9/L property MM S!L Section C—Assets Placed in Service During 2009 Taz Vear Using the Alternative Depreciation System 20a Class life S/L b 12-year 12 yrs. � S/L c 40-year 40 vrs. MM S/l PartiY Summa See instructions. 21 Listed property.Enter amount from line 28 27 - ........................................................ .. . ....... .. 22 Total.Add amounts from line 12,lines 14 through 17,lines 19 and 20 in column(g),and line 21. Enter here and on the appropnate lines of your return.Partnerships and S corporations—see instructions ............ . ........ 22 8 342 23 For assets shown above and placed in service during the current year,enter the ortion of the basis attributable lo section 263A costs ,.. ........_.._.......... 23 ` �� For Paperwork Reductlon Act Notice,see separete instructions. Form 4562�zoos� DAA There are no amounts for Page 2 ' '23-1638925 �ederai Statements Statement 1 - Form 1065. Paae 1. Line 20 - Other Deductions Description Amount ADVERTISING $ 4, 337 GUES 6B8 EQUIPMENT FUEL 25, 906 INSURANCE 34, 678 � OFFICE 6, 589 PROFESSIONAL SERVICES 1, 978 TANK REGISTRATION g�5 TRUCKING 53, 117 UTILITIES 2, 017 TRAINING 1, 249 SALES TAX REMITTED 8, 887 BANK CHARGES 500 Total $ 140, 921 � 0 0 � � � rn rn N � � ti O H � � O 0 O N � � N C p o :+ 7 a M O C Q O M V N � � � � = C � J o 0 u� v� � Y � � �+ d r � � � O � L � � <,1 � � 'a o �n �r ti E ° 0 LL o � o C o N E d � � � � � 0 ` U N N � � 'i N b � � � O M E" � � M N ;��,�aaszsroizvso-ii ii:�a„m � - - . . . . . Fo�m ' � �65 � U.S. Return of Partnership Inc� OM9NO 1545-0099 Department of the Treasury For calendar year 2010,or tax year 6eginning ,ending ., . ^O� O ....... . ....... L Internel Revenue Service ► See separete inStluttions. A Principal busmess activiry Name o/partnenhip D Employer identification number FUEL DELIVER Print KOUGHS OIL SERVICE 23-1638925 B Principal product or service �� Number,street,antl room or suite no.It e P.O.boz,see the insWCtions. E Date business starteC FUEL OZL tyPe' P.O. BOX 116 06/15/1957 C Business cotle number Ciry or town,stata,and ZIP code F Total assets(see the instmctions) 454311 NEWVILLE PA 17241 $ 3 282 260 G Check applicable boxes: (1) Initial return (2) � Final reWm (3) � Name change (4) � Address change (5) � Amended retum (B) Technical termination-also check(t)or(2) H Check accounting method: (7) Cash (2) � Accrual (3) � Other(specity)► _.............._... .... . . . . ... . 1 Number of Schedules K-1.Attach one for each person who was a partner at any time during ihe tax year► 2 ... ......_......... ............ . ... . . .. . .❑ J CheckifSchedulesCandM-3areattached .........................._,......_,,.,,.,,,, .. ......................_._....... . . Cautlon.Include only trede or business income and expenses on lines ta through 22 below.See the instructions for more information. ta Grossreceiptsorsales. ta 4 582 707 „ ' b Lessretumsandallowances . _ �b 1c 4 582 707 � 2 Cosl of goods sold(Schedule A, line 8) 2 4 0$6 118 � .. ..... .. ..... ...... 3 Gross profit.Subtract line 2 from line 1c 3 496 589 E _ ..........................................._............... � 4 Ordinary inwme(loss)hom other partnerships,estates,and Wsis(attach statemenQ q � 5 Net farm profit(loss)(attach Schedule F(Form 1040)) 5 — .... ................................_....... ......... 8 Net gain(loss)from Form 4797,Part II, line 17(attach Form 4797) g ....._................ .................... 7 Other income(loss)(attach statement) 7 ................................................ .................... 8 Total income Ioss.Combine lines 3lhrou h 7 a 496 589 � 9 Salaries and wages(other than to partners)(less employment credits) g o .................... ........... . ........ = 70 Guaranteed payments to paAners ............... ......_................. .._.. ..... .. ..... _.......... 70 � E 17 Repairs and maintenance �� _ _................. t2 2 0 9 4 9 � 12 Bad debts y ....................................................�......................... ................ � 13 Rent 13 ............................_......... ..............,........... � 14 Taxes and licenses .............._..........................................., ...._ .................... �a 3 029 � 15 Interest .......,...._.... ..................... ..._......................... ....... .................... 15 a 5 16a Depreciation(i(required,attach Fortn 4562) 18a 7 716 ..._............................ ,.::,..;f.` � b less depreciation reported on Schedule A and elsewhere on return 16b 18e 7 716 ............ C �7 Depletion(DO not deduct oil and gas depletlon.) �7 .............................. 0 18 Retirementplans,etc. �g y ..... .............. ......... .... .................. ............. .................... � 19 Employee benetk programs �g . ...... . . .. .. . ... ....... .. .. ......... ... d zo Otherde0uctions(attachslatement) SEe StdteiREIIt 1 20 149 335 _.............. . � 2� ToWI dedueNons.Add ihe amounts shown in the far ri ht column/or lines 9lhrou h 20 ........ ............... 27 181 02 9 22 Ordina business fncome poss�.Subtrad line 21 trom line 8 ....... ................... yp 315 5 60 Untler penaNes a(perjury,I declare Ihet I have azamined this retum,including accompanying schedules anC statamenb,and to the Oest of my knowletlpe and belief,it is true,conecl,anE complete.Declaretion of preperer(olher Nan general partner or limited liabiliy company membar manager) S,1 n �s basetl on all in�ormation of which preparer has any knowle0ge. 9 May tha IRS tliscuss lhis reWrn Here wdh ihe preperer shown below(see ' instructions)7 � Yes � No Signature of general partner or limitetl IiaGiliry com manager ' Date PrinVTypeOreparer'aname pere signaWre Date Check it PTIN P81d Ronald Sickee 10/21/il self-em lo ed P00224543 P�eparef Firm'sneme ► Howard' ntin Firm'sEIN► 23-2270133 UseOnly Firm'saddress ► 8 We9t B Sprinq Ave. Newville PA 17291 Pnonano. 717-776-5864 For Paperwork Reduction Aet Notice,see separete instructions. Form 1065(zaio� onn ..I�SC9251VIZVZU1111 ?SHiW � - - - , Form7065(2010) KOUGHS OIL SE�CE 23-1{ �s925 �age2 SCF�edule A< Cost of Goods Sold's�ee the instructions `' 1 Inventory at beginning o(year 1 53 367 ....._....... ..._.. ..... ..... .... ...... ..... 2 Purchases less cost of items withdrewn for personal use 2 4 143 470 ........................ ... ..... ................. . . ..... 3 3 Cost o(labor .......................................... .............................................. . .. .. ... 4 Additional section 263A costs(attach statement) q ......... ..................................................... . 5 Other costs(attach slatement) ...._.................... ...................... ........ ....................... . `' 6 Total.Adtl lines 1 through 5 ..................... ..._ .........._..................., ..............._ _ .. ... 6 4 196 837 7 Inventoryatendofyear .. _...._... ...._._........._... ._.... ... ......... ......... . ... 7 110 719 8 Cost of goods sold.Subtract line 7 trom line 6.Enter here and on page 1,line 2 8 4 0 8 6 118 .._......_............ ....._.. . 9a Check all methods used for valuing closing inventory: (i) X Cost as described in Regulalions section 1.4713 (ii) Lower ot cos�or market as described in Regulations section 1.4713 (iii) Other(specify method used and attach explanation)► . ....._.................................. ........ . ..................... . . . .... b Check this box if there was a writedown ot"subnormal"goods as described in Regulations section 1.471-2(c) ► c Check this box if the LIFO inventory method was adopted this tax year for any goods(i(checked,atlach Fortn 910) ► ...... ....... ....... ...... . .. d Do the rules of section 263A(for property produced or acquired for resale)appty to the partnership? Yes No ........... .. ..... ...... .. e Was there any change in detertnining quantities,cost,or valuations behveen opening and closing inventory9 Yes No ... ........... .. .. If"Yes,"attach explanation. Schedule B€! Other Information 7 What rype of entity is filing this return7 Check the applicable box: Yea No a Domestic general partnership b Domestic limited partnership c Domestic limited liabiliry company d Domestic limited liability partnership e Foreign paAnership f Other► ....................... ............................................. . ..'�.. .. ..,.....� 2 At any time during Ihe tax year,was any paAner in the paAnership a disregarded entity,a partnarship(including an entiy treated as a partnership),a trust,an S corporetion,an estate(other than an estate ot a deceased partner), or a nominee or similar personl ]{ ..........................................................._................ ....... .............. 3 At the end of the tax yeac a Did any foieign or domestic corporation,partnership(including any entity treated as a partnership),Irust,or tax- exempt organization own,directly or indirectly,an interest of 50°/a or more in ihe profit, loss,or capital of the partnership9 For rules of constructive ownership,see instructions.If"Yes,"attach Schedule B-1, Information on Partners Owning 50°/,or More of ihe ParinershiP .................._.............................................._..... ......... X b Did any individual or estate own,directly or indirectly,an interest oi 50°/a or more in the profit,loss,or capital of the partnership7 For rules ot construdive ownership,see Instructions.If"Yes,"atlach Schedule B-1,Intormation on Partners Owning 50%or More of tha PartnewhiP .............._......................................... ...................... X 4 At the end of the tax year,did the partnership: � � _};;,,,,,,,,,,, '�� a Own diredly 20°/a or more,or own,directly or indirectly,50%or more of the total voting power of all classes of stock entiNed to vote ot any foreign or tlomestic corporetion7 For rules of constructive ownership,see .,.�, ... .,..,.,:'� ..:.. .... .. .... instructions. If"Yes,"complete i throu h iv below ,, ,,,,,,,,,,,, , ,,, ]{ ....... ....... ....... ... Q)Name o(Corporation (ii)Employer Itlentificatlon (ili)Country o/ (iv)Percantage Numbar(if eny) Inwrporation pwnetl in Voting Stock b Own directly an interest of 20%or more,or own,directty or indireclly,an interest of 50°/a or more in the profit,loss, or capital in any foreign or domestic paAnership(including an entity treated as a paAnership)or in the benefcial . _ inteiesf of a trust?For rules ot constmctive ownershi ,see instrudions.Ii"Yes,"com lete i throu h v below ..,,_.. ,..,... . � X (i)Nama of Entiry (ii)Employer (iii)Type of (iv)Country o( (v)Meximum Itlenti�cation Entity Organization Percentage Ownetl in Number it an Pro�t,Loss or Ca rtal Form 1065(zoia) onn . _ _. .:"r1 d'J8925 1 C21/2J 11 17'.74 F Y7 �— � Form 1065(20�0) KOUGHS OIL SE CE 23— 925 Page 3 ' Ves No 5 Did the partne�ship fle Form 8893,Election ot Partnership Level Tax Treatment,or an election statement under section 6231(a)(1)(B)(ii)for partnership-level tax treatment,that is in effect for this tax year?See Form 8893 for ,,, more details � X ............... .................... ................................_.... ......._..... ............... ... .......... 6 Does the paAnership satisfy all four of the following conditions7 a The partnership's total receipts for the tax year were Iess than$250,000. b The partnership's total assets at the end of the tax year were less than$1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date(including extensions)for the partnership reNm. d The partnership is nol filing and is not required to file Schedule M-3 ��$� ...................._................ ....... ....._... ,......... If"Yes,"the partnership is not required to complete Schedules l,M-1,and M-2;Item F on page 1 of Form 1065; or Item L on Schedule K-1. 7 Is this artnershi a ublicl iraded artnershi as defined in section 469 k 2? X . . . ....... . . .. . .. 8 During the tax year,did the partnership have any debt that was cancelled,was forgiven,or had the terms modifed so as to reduce the rinci al amount of the debt9 ............ ......................................... .................... X 9 Has this partnership fled,or is it required to fle,Fortn 8918,Material Advisor Disclosure Statement,to provide information on an re ortable transaction7 X 10 At any time during calendar year 2010,did the paAnership have an interest in or a signature or other authority over a financiat account in a foreign country(such as a bank account,securities account,or other fnancial account)� See the instructions for exceptions and filing requirements for Form TD F 90-22.1,Report of Foreign Bank and � Financial Acwunts.If"Ves,"enter the name ot the forei n count .► X 11 At any time during the tax year,did the partnership receive a distnbution from,or was it the grentor ot,or transteror to,a foreign trust7 If"Yes,"the partnership may have to fle Form 3520,Annual Return To Report Transactions With Forei n Trusts and Recei t of Certain Forei n Gifts.See instructions X 12a Is Ihe partnership making,or had it previously made(and not revoked),a sedion 754 election7 X .................. ...................... See instructions for details regarding a section 754 eleclion. b Did the paAnership make for this tax year an optional basis adjustment under section 743(b)or 734(b)?If"Yes;' � � attach a statement showing the computation and allocation of the basis adjustment.Sae instructions X .................................... c Is!he partnership required to adjust the basis of partnership assets under secllon 743(b)or 734(b)because W a substantial built-in loss(as defined undar section 743(d))a substantial basis reduclion(as de9ned under secGOn 734 d 9 If'Yes,'attach a statement showin the com uWtion and allocatlon of lhe basis ad'uslmenL See insW ctions. ..... ............................. X �� 13 Check this box if,during the current or prior tax year,the paAnership distributed any property receiveC in a like-kind exchange or contributed such property to another entity(other than entities wholly-owned by the artnershi throu houtthe tax ear ........ .................. .......... .......... ......... ............. ..... ..... ► :� 14 At any time during the tax yeai,did the partnership distribute to any partner a tenancy-in-common or other undivided interest in aAnershi ro e 7 X ........ ._...... ....... . ........ .......... ...... ...... ..... ..... 15 If the partnership is required to file Fortn 8858,Information Return of U.S.Persons With Respect To Foreign Disre arded Entities,enter the number of Forms 8858 attached.See inslructions► 2 16 Does the partnership have any foreign partners?If"Yes,"enter lhe number of Forms 8805,Foreign Partnefs Information Statement of Section 1446 Withholdin Tax filed for this artnershi .► X�� 17 Enter the number of Forms 8865,Return of U.S.Persons With Respect to Certain Foreign Partnerships,attached to this reNm.► Designatlon ot Tax Mattars Partner(see instructions) Enter below ihe general paAner designated as the tax matters partnei(TMP)for the tax year of this return: Name of Identiying tl�Pnatetl JpCOB ICOUGH numbero(TMP ' It the 7MP is an entiry,name Phone number ' of TMP re�resentative of TMP nadresaot ' 195 GREENSPRING ROAD 7MP�atad NLpWVILLE PA 17291 � Form 1065�zoto� onn .:"IUJtld25101"1LZ011 11:34AM ... . .. .. . . . .. _ .�� . � . . .. -- . _ . . - . � Form 1065(2010) KOIIGHS OIL SE CE 23-1 925 Page 4 ScNedule K Partners' Distributive Share Items � Total amount 1 Ortlinary business income(loss)(page 1,line 22) 1 315 560 .. .. ................ ...._.............. ....... ,...... 2 Net rental real eslate income poss)(attach Form BB25) ,, ,,,,,,,,,,,,,,,,,,, y 3a Other gross rental income(loss) 3a ......................................... � b Expenses from other rental activities(attach statement) 3b ........................... -:.;�:,:::: c Other net rental income(loss). Subtract line 3b from line 3a .............. ....................... c y 4 Guaranteed payments �� "� 4 .._...._...... ........................................... ....._ . ...... . ., J 5 IMerestincome 5 31 123 _... ................ .._._....._... ..... � 6 Dividends: a Ordinarydividends 6a 365 ...... ........... ............ .... .... .. ................ ...... E b Qualified dividends 6b 365 �'�- v7 Royalties .............. .... ....... . . ... .... .................. 7�;: c . ..... ... . ........ ...... ..... ............ 8 Net short-term capital gain(loss)(attach Schedule�(Form 1065)) g ... .................................... 9a Net long-teim capital gain(loss)(attach Schedule D(Form 1065)) ga .. ....................... ... b Collectibles(28°/a)gain(loss) . ................ . .... gp . .... ................. :: c Unrecaptured section 1250 gain�anach statemanp g� .. .........._....... ...... .:::,::;:.:.' 10 Net section 1231 gain(loss)(attach Form 4797) 70 ................................._..........., .._. .. N Other income loss see instructions T e► �� N 12 Section 179 deduction(attach Form 4562) SE6 StdtP3Rent 2 12 20 305 ............. ... ......... .. .. 0 13a Contributions 13a ........................................................... ............................. � b Investmentinterestexpense ......................................................... .............. . 13b � c Section 59(e)(2)expenditures: v °J ��)TyPe� .................................................. p ................ (2) Amount ► 13c(z d Otherdeductions(seeinstructions Type► See Statement 3 13d 6 733 �. 14a Net earnings(losa)from seli-employment taa 315 560 o ................... ....... _ ...................._....... m E w b Gross fartning or fishing inwme 14b ............... ........................................................ mwE c Grossnonfarmincome ..........................._„_,.,..,. 14c 496 589 15a Low-income housing credit(section 42(j)(5))..................._................................_..... 15a � b Low-income housing credit(other) .................._. ......................,....................... .. 15b =p c Qualified rehabildation expenditures(rental real estate)(attach Form 3468) 15c � d Other rental real estate credils(see instmctions) Type► 15d V ..................... ........... e Other rental credits(see instructions) Type► 15e ................................. �5f f Other credits see instructions T e► 16a Name ot country or U.S.possession► ..................................... ....... _................. >.,:��,�:>:f. y b Gross income from all sources 16b ........................................................................ 18t � c Gross income sourced at partner level O ............................. ......... . .......... ...... .... � Foreign gross income sourced at partnership level y d Passive category► e General category► f Other ► ��18f�� ,. ._...................... � Deductions allocated and apportioned at partner level H g Interestexpense► h Other �� ... ........................... .............................. 16h � Deductions allaatetl and apportioned at paAnership level to foreign source income o� '` I Passive category► j General category► k Other ► �16k .... . .................. LL � Total foreign taxes(check one): ► Paid � Accrued � .,,,, �g� m Reduction in taxes available for credit(attach statement) � 76m . ...... ...... ...... ........... n Other foreign tax information(attach statemenq, .:- °- ..... . ..... ....... ....... ...... :. - x t7a Post-1986depreciationadjustmenl 17a —2 838 ..... ........ . ..... .. ...... ..... �F— E b Adjusted gain or loss ��b .. .............................._................................_........_. .. '� �« c Depletion(other than oil and gas) ................. .._....... ................._...................... c ` E� d Oil,gas,and geothermal properties—gross income 17d ........_....... ......... .......... .............._. ::,c� e Oil,gas,andgeothermalproperties—deductions »B . .................................................. .... 77f a�a f Other AMT items attach statement ...... ............ .. . ........ ....................._......... O 18a Tax-exempt interest income �ga ................................ ........................................... 18b � b Othe�tax-exempt income � ..... ............................._......._................................ E c Nondeductible expenses .................................................. ........................... 16c �� 19a Distributionsotcashandmarketablesecurities 19a 320 679 ..._......._......................................... .. c b DisUibutions of other property �gb ........ ................_..................,........................ ,... � 20a Investment income d _.._...._. ................ ........_. ...... .. ......... .............. 2oa 31 488 O b Investment expenses 20b . ........... ..._..._............... ,......................... ........ ....... .. c Otheritemsandamounts attachstatement ................. .... ......... . ... !:' :;�.: . ... ... ... ..... - . Form 1065(zo�o� DAA _}�63d925 70/2tR017 11:74 FM Fnrm to65(20�0) KOUGHS OIL SE CE 23-1 8925 'oge 5 • Anal sis of Net Income Loss t 'Net income(loss).Combine Schedule K,lines 1 through 11.From the result,subtrad the sum of Schedule K,lines 12 throu h 73d and 161 ............... ..................................................... 1 320 O 10 2 Anatysis by (�)Corporate (�i)Individual (Iii)Individual (��)partnership (�)Exempl (vi) � paMer rype: (active) , (passive) organizalion Nominee/Other a Genera�partners 320 O10 b Limited artners s�neaure i;� Balance Sheeb per Books Beginning ot tax year End of tax year Assets la1 Ibl (�1 (dl 7 Cash ........ . ....... ............... .:.` . s..�.-a,.�<a��>`s'.:': 2 028 256 ..:�-r. .�:�•, ;� 1 850 976 2a 7rade notes and accounts receivable. ... 1 159 965 'y " � ;.<�.� `: 1 287 028 �"; w., . :::: b Lessallowanceforbaddebts 1 159 965 1 287 028 3 �nvenrories ,' � ;s` ' r 53 367 . :: z 110 719 ....... ............. . . ; k � : . - 4 U.S.govemment obligatfons � L'`a ��, �y �;� ' ,: e'� s,. ', 5 Tax-exemptsecurities ,., ., . ., .�` t.,� ;: i � 6 Other wnent asseta �,,,;r .. x i •." , �-' (attachstatement) ...... ' � .., .. . . . .. n .: � .t':_ 'o . 7 MoAgage and real eslate loans . .. `b�` '"� : t + "�� i 8 Other invastmenU ��."' > . :° ,# �3� .�,; -: ', (attach slalement) .......... .... .. .. - ..s:.'s.�� a.;:c�, .w: d s f ...;;� - 9a Buildingsandotherdepreciableassets 937 606 �;,;�;, ,g .,.r , , 957 911 .. � , ,;;::,,,, ' ..� ' , D Lessaccumulateddepreciation 911 991 25 615 924 374 � 33 537 t0a Depletable assets -��; H � �.,�:.4 � ��, �..' ' � ............... ........ c,.<...,,_................,... ,,....' �o>.':a,.. .... ...,r�.:.n ,�:�:: 6 Less accumulate0 depletion ............... � 11 Land(net o(any amoRization) � :�-�� y. .�. ��' ....�� .. ' � .::: .. . ....:? .. .. ...H . .-1:$:' �'�' . >�[vv ,. a�.�m.$.� ... 12a Intangible assels(amortizable ony) . �n i� " -�--` �� ":�� ,: x �-� ..... ..�v s. .,.<.a.� ,.a .� .....,.... 5:.:. b Less accumu�ated amortization � 13 OlhBf898BU' :. C .�.t ry � .: 3 " ....� .'. (ettechstatemenq. ................ � �.�� . � �% ;. ta 7ota�asseta ` � ' � � 3 267 203 �.�� ' 3 282 260 L10bIIItIB80ndC2pifel '�N'� � �'�s r t 95��., i.wz. .i.. i f'-.;� � i T,'.. ° ES ;_�.�Y.s,? ., , ,. .. �9! l ' h I..: ..4� , . . . J..% 15 Accounts payable ................ ��`s; % a � '�� e '�. t :'s ' 3� ; � ' ��. 18 Mortgag9S,nOt¢5,�OndS p2yablE in 1255�hen 1 yPar � � �" � a =�.� ��yh �P s �' � ' 17 Ot�ar curtent IleOilitiea .. .: r. .� � v �. �� x a s � (ettaUt s�etemeni) .. .......... .. . i y �t g r 3. �� a � s :. 18 Ail nonrecourse laane s (�r .:.'� � �' �. 19 Mortgagea.natas.6onds payeble in 1 Yeer or mora � � � � ,.��` �.. �it� 7 F' Z �. 20 Ot�ef118WIIHee sz.' .� �'�F � .� t � �f� . s (anecn statemenq ........ .. .. ..... r sf x� ; s �.s a .,. r - f YE-� 21 Parmers'cep�scmu�e..... t °� t a F zf ��' 3 267 203 Y ;,;€ j, � � 3 282 260 22 Tota��iabi�itiesandw ita� . ' s :,z?� ,,��.: 3 267 203 , :Y,'„ s ,� 3 282 260 . � . ; ,;,SCh@tl1�tA,M?!t"_� Reconciliation of Income(Loss) per Books With Income (Loss) per Return Note.Sehedule M-3 may be required instead of Schedule M-1 (see instructions). 1, Net inwme(�oss)per books ....,...,. 335 73 6 s Income racorded on books this year not inclutled 2 Inwme i�luded on Schedule K,Iines 1,2,3c, on Schedule K,lines 1 through 11 (itemize): 5,6a,7,B,9a,10,anC 17,nM recorded on a Tax-exempt interest S . baoks Nisyear ........................ (itemize): ............................. ............................................. . .................................... � ............................................. 3 Guaranteed payments(other than 7 DeduIXians included on Schedute K,lines health insurance) 1 Ihrough 13d,and 161,not charged 4 Expenses recaded on Dooks lhi4 year dd� against book inwme thls year(itemize): included on Sc�edule K,lines 7 Nroug� 130,and 161(itemize): a Depreciation $ 15�726 .............................. e DepreUetlon $ b Travelantl ....................... 15 726 entenainment S ....................... .............................................. 8 Add lines 6 and 7 15 72 6 . .................................... ............................. 9 Inwme(loss)(Analysis of Net Income 5 Add lines 1 throu n a ................. 335 7 3 6 Loss line 1 .Subtrect line B from line 5 ....... 32 0 O 10 x=3efi`edu[a M?2'-€ Anal sis of Partners' Ca ital Accounts 7 Ba�anceatbeginningotyear .,... 3 267 203 6 DlstribuNons: a Cash 320 679 2 Capital contributed: a Cas� b Property b PropCAy 7 Ot�er decreasee ...... (itemizeJ:..................................... 3 Net inwme(�oss)per books ........... 335 736 4 Otherinueesee ............................................. (itemiza): ........................ ............................................. 8 Aa0 lines 6 and 7 32 0 67 9 . .................................... ............................. 5 Add lines 1 t�rou h 4 ........... ..... 3 602 939 9 � sa�ance at end ot ear.Subtract�ine e(rom�ine 5 3 2 82 2 6 0 onn Form 1065(zoto) _ _ �31538925 10/2 V2011 I P34 AM � � - - � . SCHEDULE B-1 ��mation on Partners Ownir�0% or (Form 1065) (December2009) More of the Partnership o^^BNO. ,545-oo99 Departmem of ine rreasury ►Attach to Form 1065.See instructions on back. Internal Revenue Service Name ot partnership Employer identification number(EIN) KOUGHS OIL SERVICE 23-1638925 Part !';j°;; Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3a) Complete columns(i)through(v)below for any foreign or domestic corporetion,partnership(including any entity treated as a partnership),trust,or taz-exempt organization that owns,directly or indirectly,an interest ot 50°/,or more in the profit,loss,or capital of the partnership(see instructions). (ii)Employer (v)Meximum (i)Nama ot Entity Identiflcation Number (iii)Type of Entiry (1°) Percentage Ownetl (if any) Country ot Organization in PmfiL Loss,or Capital �ai�k[E; Individuals or Estates Owning 50%or More of the Partnership (Form 1065, Schedule B, Question 3b) Complete columns(i)through(iv)below for any individual or estate that owns,directly or intlirectly,an interest of 50°/,or more in the profit, loss,or capital of the partnership(see instructions). (iv)Ma:imum (i)Name of Intlividual or Estate Percente9e Ownetl in (ii)IUentifying Numbar (iii)Country of Citizenship(see instmctions) Profit,Loss, (if any) or Capital JACOB KOUGH 184-38-1925 United States 50 . 000000 KENNETH KOUGH 181-32-3472 United States 50 . 000000 For Paperwork Reduction Aet Notice,see the Instructions for Form 1065. Scnedule B•1(Form 1o65�(�z-zoo9) onn "iG3d925I0/21/2919 IL34AM � � - . . - . - . 651110 � Partner# 1 � .1 Final K 1 mendad K-� OMB No i545-�099 Schedule K-1 �� 20 1 � I�art III Pa�tner's tiare of CurrenC Year Income,.; (Form 1065) peductiuns� Credits,;and Qther Items ` Oepartment of t�e Treasury For calendar year 2010,or tax 7 � Ordinary business inwme(loss) 75 Cretlils Internal Revenue Service year beginning 1�j�] �]8� enEing 2 Net rental reel esteta income Qoss) Partner's Share of Income, Deductions, C redits� @tC. ►See back of form and separate instruc[ions. 1 Other net rentel income(loss) 18 Foreign vansactions FarE 1 <[nfarmatlon Aboa!the Pacfnershi `, s �uaramead Paymenta A Parine�ship'e employer itlantification number 23-1638925 5 �ntereatincome B Partnership's name,address,city,state,and ZIP code 1�j �j('1 KOUGHS OIL SERVICE 6a ordi�a�yniviaenes 183 P.O. BOX 116 Bb aualifed tlividenda NEWVILLE PA 17241 183 7 Royaltiea C IRS Center whara partnenhip Netl retum Cincinnati OH 45999-0011 8 Netshort-termcapilelgain(losa) D I_,� Check if this is e publicN tradetl pertnership(PTP) 9a Nat lang-term capital Bain(losa) 17 NtemaGve minimum tac(AMT)i�ems �tt I [ti{CrM�l� �:�d�ti t114� �lttt�l' :' A -1 419 F Periner's nema,atldress,clry,steta,antl ZIP wtle 9c Unrecaptured seqlon 1250 gain aTACOB FCOUGA �a Netsectioni231 ain 1099 9 ( ) 18 Tax-ezempt income entl nondeductible expensas 195 GREENSPRIN6 ROAD 7� otherinwma(�oss) NEFNILLE PA 17241 G �X� General peRner or LLC ❑ Limited partner or olher LLC member-manager member H _J Oomesticpanner LJ Foreignpartner 79 Distributions I Whatrypeofentiryisthispartnar9 Individual 1Z SecUon178tleducUOn A 160 340 J Partner'a share of pmfit,losa,antl capilal(see irmtructions); * 1� 153 Be9lnNng Entling 1� Otherdeductione Pmfit 50.000000 � 50 .000000 vo M 3 367 zo otne�i�tormation �oss 50. 000000 r 50 . 000000 � caPita� 50 . 000000 v, 50 . 000000 v, A 15 745 K PartneYS share of liabilities at year entl: Nonrecourse $ 14 Sel(-employmenteamings(loss) .......................... .. Qualifiadnonrecoursefnancing ,,, § A 157 78� Remurse § � 248 295 L Partner's capital account analysis: 'See attached statement for additional information. eeginning wo��ai eccaunt E 1 , 63$, 604 . ....._.. ........ Capital contnbuted dunng the year $ ..... .,... . � � . , current year increase(dacrease) S 1O7,86$ �� ' Withdrewals 8 aistnEUtions g ( 1 G 0, 34�) D � � , ��' � t ', � Endin9 caPitel account ............ .. .... .. E 1 r 641 r 132 O � ' � y � � X! Tax basis i _,� GAAP � J Section 704(b)book � � ` • 'i J Other(axpiein) — `o LL M Ditl the partner contnbuta property with a builFin gain or loss7 • I j ye, �RI No If"Ves",attach slatement(see instmctions) For Paperwork Reduction Act Natice,see Inatructions far Form 1065. Schedule K-1(Form 1065)2010 OAA _".G3892510/21/lllit 111.4AM � - Ss111u ` Partner.# 2 � FinalK-1 entletl K-1 OMB No 1545-0099 'r� Schedule K-1 �Q� � Part IH Partne►' ' hare of Gurrent Year income� (Form 1065) I�educ#tans., Credits; and Qtner Items :s Department of the Treasury For calendar year 2010,or tax=m�.,,: � 1. �M Ortlinery businass inwme Qoss) 15 Cretlits Internal Revenue Service year6eginning lrj'] '780 entling 2 Net rental real estate incrome Qass) Partner's Share of Income, Deductions, Credits, @tC. ► See back of form and separate instructions. � Other net rental income(loss) 16 Foreign transactions Fartl Infcrmad�rrAboutth�Parfner§hi a Guaranreetlpaymenh A Partnership's employer identifcation number � 23-1638925 5 �nterastincome B Partnership's name,adEress,city,stata,and ZIP code 1 rJ 5 61 KOUGHS OIL SERVICE sa oreinarydivicends 182 P.O. BOX �.1 G 6b �ualifiee dividends NEWVILLE PA 17241 lg2 7 Royalties C IRS Center whare partnership fletl retum Cincinnati OH 45999-0011 8 Netshort-termcapitalgain(1o99) D I � Check iF this is e publicly iredeE partnerehlp(PTP) 9a Net long-term capital gain(loss) 77 Allema�ive minimum tae(AMT)items Part I� lnfOrnl�t�on 1�40ut tt�a arMer A -1 419 E Partnefs identltying number � 9b Collectibles(28Ye)gain(loss) F Pertnefs name,aCdress,ciry,slate,antl ZIP cotle 9c UnrecapWred section 1250 galn KFNNETH KOUGH �p Nat section 1231 gain(bss) 18 Tex-exempt inwme antl nondeductible ezpenses 215 STEELSTOWN ROAD ii pNerinwma(loes) NEWVILLE PA 17241 G .XJ Generel panner or LLC �_�� Limited partner or other LLC , member-manager memEer H �'`I Domestic partner ❑ Foreign partner 79 Distdbu[ions 1 Whatrypao/entiryisthispartner7 Individual tz Sedion179tleductlon A 160 339 J Partner's share of prMt,loss,and capital(see instmqions): * 1� 152 Beglnning Ending �; Othertletluctiona P�ort 50 . 000000 / 50 .000000 ve M 3 366 so otne.inrormanon �oss 50. 000000 / 50 . 000000 ^/< caP��ai 50 . 000000 r 50 . 000000 w, A 15 743 K Pertnef9 shere of liabilitiea at year entl: Nonrewurse y ' 14 Self-employment eamings(loss) ' ............................ . Oualifietl nanrecouree financing a jl� ],�j'� ']$� Recourse y � 248 294 L Parinefs capital account anatysis: 'See attached statement for additional information. Beginningcapitalaccount S 1, 633,599 ............ .. .. .. i Capital wntributed during the yaer g ' Current year increase(eecreasa) ,,. .._.,. S 167, 8 6$ �� ' s ' i '� � r WithtlrewalsBOistributions 5 ( 160,339� 2� 7 � ' � � EndinpcapiWleccount S 1� 641,128 � � I � , � ............ ........ � � � � I '� m � O�ther(ezplain� GAAP u Section 704@)book � � o` M Ditl the partner contnbute ro e LL p p rty with a builhin gain or loss7 ves Xj No 1!"Yes",attach statemant(see instructions) For Paperwork Retluctlon Act Notice,see Instmctions fo�Fo�m 1065. Schedule K-1(FOrm 7065)2010 DAA ,^G88925 iNG1/20�11'i'.°aPoN ... . ... �cc� � Depreciation and Amortizati� OMBNO 1545-0172 Form J V n O� 0 (Including Information on Listed Property) L Department of the Treasury Intemal Revenue Service (99) �SBB 58 arete instructions. ►Attach to oUf tax retum. Se�auence�NO. B7 Name(s)shown on return Idantiying number KOUGHS OIL SERVICE 23-163B925 Business or activiry ro which Nis form ralates Portfolio P8[t f ; Election To Expense Certain Property Under Section 179 Note: If ou have an listed ro e com lete Part V before ou com lete Part I. � Maximumamount(seeinstructions) 7 500 000 _.. ..... .............. 2 Total cost of section 179 property placed in service(see instructions) 2 2 0 3 O5 ............................................. 3 7hreshold cost of section 179 p�operty before reduction in limitation(see instructions) 3 2 000 000 .............................. 4 Reduction in limitalion.Subtrad line 3 from line 2. It zero or less,enter-0- 4 0 ........................................ 5 Dollar limitation for la�c ear.Subtract line 4 6om line 1.If zero or less enter-0-.If mamed flin se arate see insVUCtions ........... 5 500 00 0 .._ ...._............ ........... . .. ..... ............ ....._. ........ . . g (a)Descnption of property (b)Cost @usiness use only) (c)ElecreC cosl �' �� TANK VALVE SWITCHES 20 305 20 305 : 7 Listed properry.Enter the amount from line 29 7 .. ......._...........................__ : ;: 8 Total eleded cost of section 179 property.Add amounts in column(c),lines 6 and 7 . 8 20 305 9 Tentative dedudion.Enter the smaller of line 5 or line B 9 2 0 305 ........................................................ 10 Carryover of disallowed deduction from line 13 of your 2009 Form 4562 10 .......................................... 11 Business income limitation.Enter the smaller of business income(not less than zero)or line 5(see instructions) 11 315 5 60 12 Section 179 axpense deduction.Add lines 9 and 10,but do not enter more than line 11 . 12 2 0 305 13 Ca over of disallowed deduction to 2011.Add lines 9 and 10 less line 12 . . ........ ► �3 - Note: Do not use Part II or Part III below for listed property.Instead,use PaA V. F�drt�t :: S ecial De reciation Allowance and Other De reciation Do not include listed ro e . See instructions 74 Special depreciation allowance for qualified property(other than listed properry)placed in service during the tax year(see instrudions) .................................................................._..... . 14 15 Propetly subjed to section 168(Q(1)election 15 ....... ............................................................ 18 Other de reciation includin ACRS ......_...._..................... -....... 18 .,. ........ ............ Pa[f 111;: MACRS Depreciation (Do not include listed propertY.) (See instructionsJ Section A 17 MACRS deductions for assets placed in service in tax years beginning before 2010......... .................... 17 0 78 If you ere electing to gmup any assets pleced in service Cudng the tax year into ane ar more generel assat accounb,check hare► � � Saction 8—Asseta Placed In Servica During 2010 Ta:Year Using the Generel Depreciation System (D) Mont�and year (c) Besis for deprecietion d Recova (a) Classification of proparty placeE In (business/invesMent use ( � ry (e) Conventlon (� Method (g) Depreciation detluction sarviCB onl—see insVuCUOns �� .. .. . ....... ....... . . . . 19a 3- ear ro �� b 5- ear ro e e 7- ear ro e d 10• ear ro e e 15- ea� ro e f 20- ear ro e 25- ear ro e 25 rs. 5/L h Residential rental � � 27.5 rs. MM S/L property 27.5 rs. MM S/L i Nonresidential real 39 rs. MM S/L pioperty MM S/L Section C—ASaeta Placed in Service During 2010 Tax Year Using the Alternative Depreciatlon System 20a Class life S/L b 12.vear ''� ..,:....r 12Yrs. S/L e 40-�ear 40 vrs. MM S/L PartlY° Summa See instructions. 21 Listed property.Enter amount trom line 28 , , , ,,,. 21 ................................................. 22 Total.Add amounts from line 12,lines 14 through 17,lines 19 and 20 in column(g),and line 21.Enter here and on the appropriate lines of your return.Partnerships and S corporations—see instmctions ...................... 22 23 For assets shown above and placed in service during the current year,enter the ortion of the basis attiibutable to section 263A costs ..... .. . ......_......_. ...... 23 �: ': -'�� For Paperwork Reduction Act Notice,see separete Instructions. Form 4562(20�0) onn There are no amounts for Page 2 231638925 f(OUGHS OIL SERVICE 10/21/2011 1 1:34 r�Nt 23-16389.25 � Federal Statements � FYE: 12/31/2010 Statement 1 - Form 1065. Paqe 1, l.ine 20 - Other Deductions Description Amount ADVERTISING $ 5, 981 DUES 589 EQUIPMENT FUEL 29, 709 INSURANCE 30, 943 OFFICE 7, 838 PROFESSIONAL SERVICES 395 TANK REGISTRATION 975 TRUCKING 58, 712 UTILITIES 2, 626 TRAZNZNG 975 SALES TAX REMITTED 10, 592 BANK CHARGES 500 Total $ 149, 335 1 � 231638925 KOUGHS OIL SE ICE 10/21l2011 11:34 AM 23-163$925 � Federal Statements � FYE: 12/31/2010 Statement 2 - Form 1065, Schedule K, Line 12 - Section 179 Deduction Description Amount Section 179 - Personal Prop $ 20, 305 Tota1 $ 20, 305 Statement 3 - Form 1065. Schedule K, Line 13d -Other Deductions Description Amount Health Insurance for Partners $ 6, 733 Total $ 6, 733 2-3 �.,:, ,._ . _ : � � 1 Q65 U.S. Return of Partnership Income_ :��,, Fo m —— ForcalenJUyear2ott,muayeerneglnning � ,e�Winy 2011 !`i?pol:r'.Bnl JI!!`B I'eLS�-ly e��a��ai aa�P„„r sa�.�.�, ► See Separate instructlons. � A Pncona�oasmess acuviry rvaine m pannersnm D empioyer immmca�mn nwnoe� FUEL DELIVER print KOUGHS OIL SERVICE 23-1638925 g P��nopai omtlucl or sen¢a tyPe NumCe� s�reel an�mom o�s:.!e no I!a P 0 >or aae Ina�.r.su�u�ons E La�.?��.sm.nss sianea FUEL OIL P.O. BOX 116 06/15/1957 C �vsiness ccae n•amoer l;ry oriown sie�e ana LiP„!e F ��o�nssa�.s s...c " �'S'''l.:'-.i 5 454311 NEWVILLE PA 17291 5 1L889�368 G Check aOPlicable boxes�. (1) � InNal reNm (2) � Final re�um (7) � Name change (4) � Atltlress change 15) iJ qmenUed reD.rtn (6) 7echn�cal termination-also check(1)or(2) H Check accounling method �1) Cash (2) � Accrual (3) ��; Other lspecilyl ► I Number of Schetlules K-1.Attach one for each person who was a pahner al any hme donng�he tax year► 2 J Check ii Schetlules C and M-3 are attached ,_ _ Cautlon. Include only trade or business mcome antl expenses on hnes ta through 22 below See the mslruct+ons lur more informal+on 1a Merchant cartl ana third-party payments(mcludmg amounts reporte0 on Form(s) 1099-K).For 2011, enter-0- ta 0 b Gross receipts or sales nol reportetl on line 1a (see instruchons) 1b $ 53 B 586 c Toiai Aad i,�es �a aod iu �0 5 538 586 y d Returns and allowances plus any other aqjustments to line ta (see instructions) td � e Subuad�ineidfrom�ineic te 5 538 586 0 � � Costofgoodssoltl (attachFormi�z5-n� 2 4 , 828 , 944 c 7 Gross proft.Subtract hne 2 Irom line 1e J 7�9 642 4 Ordinary mcome poss)from other patlnerships,estates,and trus�s iaitach slaiemenQ 4 _ 5 Nel farm pm01 poss)(altach Schedule F (Form 10401) 5 _ 6 Nel gam(loss) from Form a797. Par1)I, line 17(attach Form 47971 6 7 Other inwme Qoss)(attach statement) 7 1 0 8 3 e Total income poss .Combme hnes 3 mrou h 7 B 710 7 2 5 � 9 Salanes and wages(other Ihan to panners)Iless employment credits) . 9 ,�--, 10 Guaren�eeE payments to partners 70 165 338 E 11 Repairs and maintenanCe >> s �z Baddebts tx 19 429 0 13 Renl �3 = 14 Taxesantliicenses 14 3 096 = 15 interesl �5 c t6a Depreciahon(if requiretl,atlach Form 4562) t6a 7 �14 � b Less tlepreciation repoqed on Form 1125-A ana elsewhere on return 16b 16c 7 719 y 77 Deple�ion (Do nat deduct oil antl gaa dapletion.) 17 C -' 0 18 Retiremen!plans,etc. �8 _ � 19 Employee benefit pro9rams �9 � zo Otherdeductions(attachstatement) See Statement 1 zo 172 568 � 21 Total deductlons.Add the amounis shown in Ihe far ri hl coWmn for luies 9 thro� h 20 21 3 68 1 45 22 Ordina husiness income(loss). Subtract line 21 from line B 22 3 4 2 58 Q U��e�OenalLes o�pequry I Qe:,la/e Inat I nava o�aim::etl 1�'.�s ieiurn :�O�riny ac{�mryqn}r;s�"n�W�as zn�]aab�rn:�ns .�u. . ,.�_�p�,„ my nOWIBtl9B d�d�BIiB1 il�S IryB fA!'BG: d�U CJ�n�IBI[ IlP!13'PIiOl�OI p�OOB�B� JII'i�'�e"�].�^H�dl��'��pr}I:'��:e��'.fU� �� Jn'0��,� �a�'�I)d� � Sign nd�dQnO 5 p35BdOn ell n!O�meliM�I wniS�ptgp8�0�f�ds�ny ki`a)wieOgb ��nr'P9 iAti tl3c.551Pra ; Here ,. ,,P�.�:»,�, s �. ' nSbuC.iomi` �'.�YefM1 '_ Hn S�gnawre ol gene�ai pannar or emiteG i�a0nity company membei mxnapa� ' Da:e linllT)UBpfPOB�O(SlvdmB P�BOd�9/f5iyn21'�!B �]�le L4p�k �� 'TIN Paltl Ronald FickeO 04/15/12 sei'-e�zoioyea p002245Q3 PrePa.er .,�m��a�ra ► Howard' s Accountin F�:�,e�N► 23-2270133 __ useoniy �,:�r,aaa,es, ► 107 Doublinq Gap Rd Newville PA 17241-9448 ��•��0 717-7�6-5864 For Paperwork Reductlon Act Notice,see separa[e instructlons. t:,�� 1065 . � u•u 3P9?5 pan 5R0�� xm �065 �2o�t) KOUGHS OIL SERVICE 23-1638925 Page 2 Schedule 8 Other Information 1 r�W,1ha� ype ot entiry is fding Ihis return�Check Ihe applicable box Ves � No a �ly Domest�c general parinership 6 � Domesbc limited partnersnip c �� Domestic Irmited liability company d Domesdc 6mned liab�liry partnership e �J Poreign partnership f Other► 2 At any time during the lax year,was any pariner in�ne pannership a disregarded endry, a partnership(mcludmg an entiry treated as a partnership),a IrusL an S corporation. an estate(other than an estate of a tleceased panner�. or a nominee or similar person� X 3 At the entl of ihe lax yea� a Ditl any foreign or domesGC corporabon,pannership(including any en�iry trealed as a partnership) trust.a � tax-exempt organizafion,or any toreign government own,directly o�indirecEly,an mlerest of 50%or more in�he profiL loss, or capital o(the partnership7 For rules of constructive ownership,see instructions I�"Ves,' attach Scheduie B-1, Informalion on Pariners Owning 50°/or More of the Partnership X b Ditl any md�vidual or estate own,directly or indirectly,an interest of 50%or mora m the pro(R, loss,or capital of the partnership?For rules ol construdive ownership,see instructions If"Yes,"aUach Schetlule B-t, Information on Pariners Owning 50%or More of the Partnersh�p X 4 AI the entl of the taz yeai,Oid�he partners�ip a Own direclly 20%or more, or own,directry or indvecfly. 50%or more of Ihe total voting power ot all classes o� stock entitled to vote of any foreign or tlome5tic corporation?For rules of constructive ownership.see instructions. H"Yes,"com lete(Q throu h (iv)belaw X II Empm a ioenenceuon pv�Pe�ceniace �q Neme oi Corporetwn � � Y I�Ip Cowv�>al Ow��PC.n va�uG Numoe�ul eny� L�rorCA'anon Smu� b Own tlirecfy an interes!ot 20%or more, or own,directly or intlirectly,an inleresl of 5D%or more in the prolit, loss, or capnal in any foreign or domestic partnership(including an entiry trealeo as a paAnership)or in t�e benefiaal inle�esl of a trust�For rules of constructive ownershi ,see instrucfions. If"Yes,"com lete(i throu h(v below X pp Empiovar plp Tvoe ol Ihl counuy o� hl l.�?,�in�••, UI Name ol Eniny IaenLlrcancn Perceniaqe Jwnev . Numberp(an Emny 0'ganaavor, P:ohi �oss aiCacia. lo�m �O6rJ !"�' � � :r•�}�i3i:_,✓.:: - - � . Fonnt065i20t11 KOUGHS OIL SERV 23-163,; 5 �� nca ' Yr.s No ��— 5 Did ihe partnership(�le Form 8893,Election of Parinership Level Taz Treatmenl, or an elechon s�ateinenl i,�.icer � section 623t(a)(1)(B)(i'rJ !or partnership-level tax treatmenC that�s m eftec+(or this fax yeai�See Foim 8893 for more aetads X 6 Does Ihe paqnership sa�isfy all Iour of the following contlitions? a The partnership's total rece�pts for�ne tax year were less than 5250,000 b The partnership's total assels al Ihe end of the tax year were less than 51 million c Sched�les K-1 are Gled wdh the reWrn a�d fwnished to ihe partners on or betore Ihe due tlale(incWdiog ex�ensions)for Ihe paRnership return d The partnership Is not filing antl is nol requ�red lo�fe Scfie�u�e M-3 X If"Yes,"the partnership is not required to complete Schedules L. M-1. and M�2, Item F on page t of Form 1065. or Item L on Schedule K-1 7 Is this artnershi a ublicl Iraded partnership as deMed m section 469 k){2)� X 8 During the tax year,did the partnership have any debt that was cancelle4 was forg�ven or had t�e terms i moddied so as to reduce ihe rinci al amount of the tlebt� X 9 Nas ihis partnership(iletl,or is d requved to file, Form 09t 8. Malenal Advisor Disclosure Statemeni to provitle inlorma�ion on an re otlable transacUon? X f0 At any Gme dwirtg calendar year 2011,did Ihe part�ership have an mterest m or a signalure or other authordy ooer a financial account in a loreign couniry(such as a bank account,securiUes account.or ofher(inanaal account)� See the instructions for excepfions and lilmg reqwrements�or Form iD F 9042 7,Report ol Fore�gn Bank and Financial Account5.If"Yes,"enter the name of the lorei n count . ► X 11 At any time tlunng ihe tax year,did the partnership receive a distribution from,or was it the grentor of,or transteror lo,a foreign Irust?If"Ves,"Ihe parinership may hava to fle Form 3520,Annual Retum To Repon Transactions With Forei n Trusts and Recei t of Ceqain Forei n Gifls.See instructions X 12a Is the parineiship mak�ng,or had it previonsly made(and not revokad), a seqion 75a a�ectio�? X See inshuctions for delails regartling a seIXion 754 election. b D�d the paA�ership make for this lax year an optional basis adjustmenl under sechon 743(b{or 734(b)?I("Yes," . attach a statement showing the compulation and allocation ol the basis aG�ustment See insiruchons J{ c is(he paMers�ip reqwred to ad�us�Ihe basis ol partnership assets undei section 74J(b)or 734(�)because of a subslanfial buAb�n loss(a5 Oe0ne0 un0er section 74J(d))or substantial basis reduqion(as definc�d under secuon i 74 d �If'Yes.'altach a sta�ement shcwin Ine com utation ano allocation of Ine bas�s aC uslmem See�nstrucuons X 17 Check ihis 6oz i!,during(he current or prior fax year,Ihe partnership d�stnbuted any property recerved m a hke-kind exchange or contributetl such propeny to anothei entiry(other ihan disregartled enliUes wholl -owned b Ihe arinershi Nrou hoW the tax ear ► I� 14 At any lime during the tax year,ditl Ihe partnership distnbule to any padner a tenancy-in-common or other undrvitled interest in artners�i ro ert ? X 15 if the partnersNp is reqwred to(ile Form 8858. !n(ormahon ReWm ot U S Persons Wilh Respect To Foreign Disre arded Entihes,enter Ihe number of Forms 8858 attached See msVuchons► 2 16 Goes Ihe patl�ership have any foreign pariners?If"Yes,"enter ihe number of Fom�s 8805 Foreign Partner's Information Slatement of SecUon 1446 Wil�holdin Taz,fled for this arinershi ► X 17 Enrer the number of Forms 8865,ReNrn of U S. Persons With Respecl to CeAain Foreign Panne�ships. attached to Ihis raWm ► 18a Did you make any payments in 201 t that woultl reqmre you�o lile Form(s) 1099� See mstruchons X b II"Yes,"did ou or will ou fila all re uved Fomr 5 1099? 79 Enter the number ot Form(s) 5471, Information Return of LLS Persons With Respect To Certam Fore�gn Cor Orahons.atiached to this retum ► - Designation of iaz Matten Partner(see inslructrons) Enter below lhe general pariner designated as the tax matters partner(TMP)for Ihe tax year of this return Nama cl oes�gnaieo laxv�ty�nq ,rnP JACOS KOUGH �.-moF-��.+�� , ii ma rnnc.s an en0ly �ame � V'lore n�.mCei ot'MPre esant ��e p1 ��'�� — no��assai 195 GREENSPRING ROAD TMP'��PO NEWVILLE PA 17241 v�.m 1065 : c,,� . :��, ,,�� , Foimto65!zo��) KOUGKS OIL SERV� 23-163�5 r '� a _Schedule K Partners Distributive Share Items Total amounl i Ordinary busmess income(loss)(page t, line 22) 1 342 , 5 B 0 2 Net rental real estate Income(loss){attach Form 8825) Z 3a O�her gross rental mcome Iloss) 3a b Expenses Irom cther rental acnvrties lattach staremenq Jb c Other net rental mcome pass). Subiract I:ne 3b from Ime 7a �� m 4 Guarenteedpaymems I 4 165 338 0 5 imerest�ncome ! 5 18 971 � 6 Drvidends a Ordinary drvidentls y I sa 460 E b Quali(ed dividends 6b 460 � 7 Royalties � C 8 Net short-term capital gain jloss) (attach Schedule D(Form 10651) i g 9a Net long-term capital gain poss)�attach Schedule D(Form 10651) � ga b Collectibles(28%)gain(loss) 9b c UnrecapNred section 7250 gam�anan siaie,nenp gc 10 Net section 1231 gain(loss)(attach Form 4797) �p 11 Other income Ioss Sae in5iruchons T e ► 11 y 12 Sedion 179detluction (attach Form a562) �p � 1�a Coniributions 13a '� b Investmenl interest expense 13b � c Section 59(e)(2)expendiWres� 9 d (i)Type► �2) Amoun� ► uqz� � d Oiherdeductions(see insiruclwns) Type ► SB9 Statement 2 13d 7 958 0 14a Ne�earmngs(loss)frpm self-employment 74a 5�� 918 t n m b Gross larming or fishing income 14b vmi w E c Grossnon(armmcome 14c 710 725 13a Low-irtcome housing credrt(section 42�)(5)) i 5a I y� b Low-income housing credit(other) 15b .. �p c dualifiad rehabit�laUOn expandfWres(�ental real esfate)(attach Form 3d68) 15c Utl Other'rental reai estate cretlits�.see insiruc�ionsl Type► 15d g Other rental credds(see inslructions) Type ► 15e f Olher credits see instruclions T e► 15f i8a Name of counlry or U.S.possession ► N b Gross income(rom all sources 16b � c Gross income sourced al partner level �6� O 'V Foreign gmss mcome sourced at paAnership level N tl Passrvecategory► e Gene�alca�eqory► ( Other ► t6f � Detluchons allocated and apportioned at partner IEVeI A F g Interestexpense► h Other ► 16h � Detluaions allocaled and apportioned at OaAnership level to�oregn source mcome m 'y i Passive category► 1 veneral categay► k Other ► 16k 0 � Total toreign taxes(check one). ► Paid � Accrued � 161 LL. _ m Retluction in taxes available for cretlit(altacfi s�atemen(} 16m n Other loreign tax information(altach statemenQ � 17a Pos�-1986tlepreciauonad�ustmem �7a —Q �_8Q? v F— E b Ad�usted gam or loss �7b •,.�—. E d c Depletion{other than ml and gas) �7� �0 7� _—__ ` E� d OJ, gas.and geoNermat properties—gross mcome 77d �,c� e O�I.gas,andgeolhermalproperties—tleduchons �78 <�� f Olher AMT dems(atlach statement) ��( p 18a Tax-exempt interesl income 1Ba •� b Other laz-exampt income 18b � c NanOeductibleexpenses �g� E � 19a Disiributions of cash and marketable secunties 79a 1 745 799 e b Distn6utions of other property 1gb d 20a �nvestmem income 20a 19 931 L b invesimant expenses 20b � c Other items antl amounis atlach statemenq r�,�, 1065 _:� „� ,.:�..>�.,.;;::: . . _ _ _ _ _ Fonn tu65�2oit) KOUGHS OIL SEAV 23--163 25 i=.iqe s Analysis of Net Income (Loss{ � 1 . Net mcome(loss).Combine Schcdule K Imes t itrou n 11 Fmm tne reswt suotrar,i�ne s��n sl Scrr-�;:ie R,�.�r„s +2 inrowh 1 sd :mJ 'nl � 1 519 , 3 91, 2 Analy�is by (ii) Indiwtluai (ili) Indwitlual (v)Exempt (vil 'i (l)Corporate (Iv)Partnership partner type. (acnve) �passrve) organ¢auon NomineelOt�er �i a Generel partners 519 391 b Limdetl artners SChB(lU�@ L Balance Sheets per Books Beginning of lax year Eed of tax year Assets la) Ibl I�1 Idl 7 Casn 1 850 976 937 664 2a Trooenotesandaccountsrecervab�e 1 287 028 717 100 b Lessaliowanceforbadaebts 1 287 �28 7].� 1�0 s �nventones 110 719 210 015 4 U.S. government obligalions 5 Tax-exempt securities � 6 Omar wrrem asseu �alla�lt slatemant� - 7a Loans ro paMers(w persons refated ro pattners) � b Mortgage antl real estale loans 8 omer�nvevmenia �alw�n sta�emmp 9a Bui�dings antl other depreciaole assets 957 911 957 911 b Lessaccumulateddepreciation 924 374 33 537 938 322 19 589 10a Depletable assets b � Less accumulated Oepletion 11 Land(net of any amonizahon) 12a IManqible assets(amortizable only) b less accumulaled amorlization 13 O�ner aese�s �avacn sa�emenp �a 7ota�assets 3 282 260 1 884 368 Liabllities and CapiWl 15 Accounls payable 16 Mongages,noles,bonds payable in less than t year 17 Oma�cu�reni na�nieee �auaU s�aiemanq . 18 au nonrecwrse loam . ' ' 19a Loans Irom partners(or persons relafed ta partners) - - - b MonBaBOe no�as Conds Oayable m t year o�mora 10 Omar oaoinuae (atcacn na�amanq 21 Panne�s caw��xcounis 3 2 8'2 2 6� 1 8$4 3 6 8 22 Toia�habi�itiesandca ita� 3 282 260 1 884 368 3ebedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note.SchedWe M-3 may be reqmred msleaq of Scnetlule M-� (see mstruclions) t Net income(loss}per books 347 907 8 Income recorded on books ihis year no1 mclutleo 2 Income mcludetl an ScheOUle K,lines 1,2,7c, on Schedule K. I�nes 1 ihrough 11 (item�ze) 5,6a, 7,8,9a,t0,and 11,nol recorde0 on a Taz-exempl mterest S bcoks Ihis year Otem�zej. 3 Guaranieed paymenis(o�ner�han nealln msmance� 165 3 3 8 7 Cenerno�s��cwoa�o�:xra�,iie� ��res�inrn�9n�y 4 Evpenses recordcd on�ookslhis year not ,na i6i �oicnar ro mcludetl on Sc�Edule K,I�neb 1 thrOUgh 9. a9��sl cooM mw��r�e m�s�ear Inem¢eJ 13d,and i61 pfemizej�. a Depreaation S a oeva��a�� 6 6 � 14 6 b r�a.erarw emanemmem $ 8 Add lines 6 and 7 6 146 9 Income(loss)(Analysis of Nel Income 5 Add lines 1 Ihrou h 4 519 391 Loss �ine 7 Subtract hne e trom�ine 5 519 391 Sehedule M•1 Anal sis of Partners' Ca ital Accounts 1 Ba�anceatbegmningotyear 3 2B2 260 6 D�stnbutions a Casn 1 745 799 2 Capital contributetl: a Cash b Property _ b Properry 3 Net mcome(�oss)per books 3 Q'7 g p'J � Otner aecreases 4 Omei w�reases (dB1i112B�- iuem�xei e Add�mes6and � 1 745 799 5 add i�nes i mrou n a 3 630 167 9 5aiance ai end ot ear Suotract �ine e trom hne 5 1 884 368 n-n r,�.�. 1065 :.� ,� . . , _ . .... .q:G. � F„m .� 1 L 5-M � Cost of Goods Sold � �p�eamDar20111 -�A1HNn bay_.•. uApanme��orme.reas�ry ► Attath [o ForT 1120, 1120-C, N20-F, t120S, 1065, antl 1065-0. mrernai Reveiu:a se.v�ce Name Employe�iUenuOCailun numhar KOUGHS OIL SERVZCE 23-1638925 7 Invemory at beginnmg o(year 1 110 71 9 2 Purchases 2 4 428 2 4 0 3 Cost ol IaDor ; 4 Atldqional section 263A costs(atlach schedule) q 5 Olher casfs(attach schedule) 5 6 Total.Adtl lines t lhrough 5 e 5 038 959 7 Inventory at end of year 7 210 O 1 S 8 Cost of goods sold.Subtract Iine 7 (rom line 6 Enter here and on Form 1120. page 1 Ime 2 or tne appropriate line of your lax reWm (see instrucuons) 8 4 82 8 94 4 9a Check all methods used(or vaWing ctosmg+nventory� (p X Cosl pi) Lower of cos�or markel (ui) Other(Speciry method used and attach explanation.l► b Check it there was a writedown of subnormal goods ► c Check d!he LIFO inventory method was adop�ed Ihis ta*year for any gootls�if checkad, attach Form 970) ► d if(he lIFO inventory methotl was used for ihis tax year,enler lhe amount ol closmg invenlory computed under LIFO 9d e If property is producetl or acquiretl(or resale,do the rules of saction 263A appty to Ihe corporation? Ves X No t Was there any change in determining quantities,cost,or valuations between opening antl ciosing invenlory?If"Yes," atlach explanation � Ves � No For PaperworA ftaAUCtlan Acf Notics,�n MR,vcflont Porm ��Z'J-A�tJ:'c't. DAA . . :a�ni;ar,..ir.�:. - . _ _ . . _ _ _ SCHEDULE B-1 Info�'�Ifation on Partners Owning o or (Form 1065) ��+n�'oa<em�ti m,,i More of the Partnership � '°°,�° ��..�°°" nAOan.T,am oi ma tr�a:��y ► Attach to Form 1085. See instruc[ions on back. m:ernal Pevenue Sornce Nama ul par:nersm0 Emp�oyar inenullu�lnn num0er�EiN� KOUGHS OIL SERVZCE 23-1636925 ParC ( Entities Owning 50% or More of the Partnership (Form 1065, Schedule 8 Question 3a) Compiete columns(Q Ihrough(v)below for any foreign or tlomestic corporetion pannership(includmg any emdy Ireatetl as a partnership),Irust,tax-ezempt orgamzalron,or any loreign govemmenl lhat owns.direc�ly or mtlirectly,an inlerest ol 50%or more m Ihe profit, loss,or capital ol the partnership(see ins(ructions) .,,�na.�r> L�)Employar , Percerla9e Uw��ea p)Name o!Enlrry iaanulica�ion Nombar ,��I rype ol Eniiry �ounvy o�Orqanv.alion ,n P�nln us. pl any) ni CaV��a� ParE IE Individuals or Estates Owning 50% or More oi the Partnership (Form 1065, Schedule B, Question 3b) Complete columns(i)ihrough(iv)below(or any individual or estate that owns,directly or indirectly,an interest of 50°/ or more in ihe profiL loss,or capital of�ha paAnership(see instructions). nv�Ma.imum Pa�wri-aqe Ownea ,. p�NameollnOmidualorEslate �n7ldenufyrrgNUmDBr I�nlGoumryolC��xenznqisee�nslmc;ions� Pmin I.ms ��a�y� or Captlel JACOB KOUGH 1B4-38-192 United States 50 . 000000 KENNETH KOUGH 181-32-3472 United States 50 . 000000 For Paperwork Raductlon Act Notice, see the Instructions for Form 1065. s�n.ame e��iFo.m iossi ir+e� �zso+�•� r..�n . . . . . . . . . . . _ ... . . _. _ .en�.:�:an.,:c�:� .. . _ . � 651111 Partner# 1 , � ,,;r • ;.��:��. .:. .. . Schedule K-1 2011 Part III Partner's Share of Current Year income, (Form 1085) Oeductions, Credits, and Other items CPpartmenlallnefreasWy (Y<dren;arr�arrU!� .i'Si � , . . S�sn�essxn.,i i,_ 15 � l^.1�e Irnema�Nevanueyerv�ce �aarcegirn�ng 171 290 endiog 2 uel�ema�rea evate u�cena�ross1 Partner's Share of Income, Deductions, Credits, QtC. ► See back of form and separete fnstructlons. � ��nA��<�ra„�ai ocome ro:s� ie �ao9��a�so��o�s Part I Information About the Partnershi � c��a��a�w�^a^�, n aan�a.�o�p:amwovar,ae�uawiio�o�moe� BZ 669 23-1638925 6 ��o�a•„^<ama B Pannersh�p's nama a0arec�.ciry,siaie anE ZIP cotle 9 4 B 6 ROUGHS OIL SERVICE e, om��a�ro�.aa�a: 230 P .O. BOX 116 zo o„a��i�aam��aams NEFNILLE PA 17241 230 l Royarnes C iftSCanierwha�eyannersniphletl;ewrn O den OT e r�e�s�o�.�a��n-BPnai eo�:�o:s, 0 Cneck d inis is a o�b�¢ry traeed Oannersmp(PTP� plternairvp mmimum!an 0. i tlems 9� Na�lo��ie�m rapnei qam ucss; 1i l M � PaR li informatiqn AbouE the P2rtnsr A -1 421 E f Patlnxr's name aUO�efa b1Y ��ate antl LP coae 9c Unraca0�ureG seClioM t�5p 3ei� .TACOB KOUGH �o Nei�en�o�i aa+��iio,n �e ra..�,amPi��oma e�a no�aea�a�oie e.oe�ses 19S GREENSPRING ROAD ++ o�^a��^�^��•� NEWVILLE PA 17241 G X Generel panner or LlC Limuea panner or otqa�LLC membei managei �`�^� H X oomesecGanner Go�x�pnoxnner — 1B I)�51!'GUI�G(IS r w�,e��,�o�e��,�Y,s��aa��e�� Individual +� s��^,'9==��=�o^ A 872 900 J Pa�ina/s snara ol p�oln ioss.aM cap�la��see meVUa�om) 9epinnlnp EnE1nP 1� Omer�a:a�ceons v��iii 50 . 000000 •a 50 . 000000 v M 2 669 m o��e��o��a�o�, �os� 50 .000000 � 50 . QOOOQO � Cp 50 . 000000 � 50 . 00OOOOx W* 1 310 A 9 716 N Patlne�f share OI IiaOi�i�ie!el year en0 rvonreco��se S 1� Sa�bempioymenl earmrpa(lase� o�a�,r,aa„aM�o,,,.an�ar,��e s A 253 959 aeco�,:e s C 355 363 � ra,��e�.<ac��e�M��a�r�s •See attached statement tor additional information. eeo��qcapuaiaao�m t 1 , 641 � 1.32 Gapnai mnmouiea Cming me yaar E '� I,,,{{{�� Cunen�year inoease Idenaaae7 3 10 73� 9S 4 � )))'''yyyjjj�� '� � � mmcreweiz 8 aeinoutians f l 0 7 2 i 9�� ' � 942 , 186 0 EnamB cao��eiaccoum f v ' � � � , .'�i! , ' ,' , �� ' n+ X Tan Dasis GAAP Secnon PJ4�o��ook N ll Olher(e+piain� 0 LL M D�u Ne oenne�mn�r�bme p�openy wnn e Omn.in gnin or�oss� Ye� }� Ho 0'ves ailacnsla�ament(soemstrz�clane� For P�perworM Re0uc0on Att Nollp,ua InUNCtlon�lar Form 1066. ScMCUIe M�t�form 1065�30t t irW � . �tri-a�C;2o12' � � - . . . . � � 651111 Partner# 2 cra�� : . oF.�. �r.mria •�_a,.�..=:. SchRdule K-1 2011 Part ili Partner's Share of Current Year Income, (Form 1065) Deductfons, Credits, and pther Items papqhnBnlcllneireasury fcrcaien�aiyea�?Ott pr.a. 1 O�maarybua�na�sIf1incomqei(b]se� 15 Crnnns Irlb�nal Fevxnue Sawca yZgr beginn�ny 1 /1 G D� _ ��ilOii�Q j ^IPIl2��I3I1901d5191BiI1COTBIlO551 Partner's Share of Income, Deductions, C�OCIItS, BtC. ► See back of form and separeta instructYons. � ��^9�^P��e��.a��coma;i�ss, is -o�e�,q��•��a�,,a<�,��,s Partl informationAboutthePartnershi + :".A��Ae��=�,°°-�� n van�a�:mp:emc�ore��ca�oow��o��noa, 82 6 6 9 23-1638925 6 �^�A�as��^«^e e Pa��o,:ma'.,,ema,aca,as� ��iY :�a�a a�czia�oaa 9 485 KOUGHS OIL SERVICE s� om��rm,aa��os 230 P .O. BOX 116 ee o�aeeeo a�.�ae�ae NEWVILLE PA 17241 230 , aa,e��,<. C iR5 Cemer where pannenn�p hied roWm O den UT e Nal aMn tmm capital gain posf� D CnecM d i0n u a puDlitly VaGeO petlnenn�p(PTP) 9� NM lonp-term capnei qain poss) 11 A�ICrndln¢mmimum lar{AMT)ilems Fart ll Cnfor�adan Abouf fhe Pa�trter A -1 421 E Pannefs iaen�Aying number BE CoOecopie>(2B%)gain(ioea) ' F Pennor's�eme adOrass,oiy.siata an�ZIP wde 9c Un:ocaV�urea sea�on t?50 gain REPINETH KOUGH ,o rva�+e�i�o�,,za,ga��:io:si ,e r�..e.o„�o� ��ea�� non�atluctiUle 5rpenses 215 STEELSTOWN ROAD ,+ ��^�� ^�^�a�'°*�� NEWVILLE PA 17241 Q X Generaipennero�L�C ��mneU oenner o�oinar LLC :nxmce�.mana9er nemoxr . H X Oomesuc panne� Foreipn parinar 1B Dis�nouuons i vvnai ivoe m e�o,v,:im:exn��.� Individual +� s�a�«�+�soaa��«� A 872 899 � Pannerssnareao�o�� we.aoawv^e�!seemsVUC�ione� Entlln 1] O��erOBd�:cUwf eaQlnnlnp 7 P,a�i 50 . 000000 �� 5_0 . 000000 v. M 2 669 :o oi�»��o.mai�o� 50 000000 � 50 . 00OOOOx W* 1 310 A 9 715 co 50 OOOOOOw SO . 00OOOOw R Pet1nB�5 zM1B�B O�Iiab�liliBf el yBB�end 4nniacoune E t� SeiLempioyman�eernmps Uoss� n�d��a�o�,a�o��san�a��g a A 253 959 �a�o��sa S C 355 362 � v„��,ar.:ao��a�a��a^a'�rs�s c �Jf� 'See attached statemeN for addit�onal m(ormahon. Oeyim��ng capilal ac[ounl f � O�� i �``° Caunei coninomea tlunng ipe Vear S Currernyearmcreesetaeueafel f 173, 953 � 1 ` I ' Wnhorewals a aistnout�ons S I �� . �� I� � ' � � Ena�n9wV��aiauoum S 942 � 182 � 1 ' � ,. , � , ?, E � ' �,� ��l X ia�oam G.WP Saclion 1�44b1�k � � O�neri,e+Viarnl `p LL M Jm n'�a par:nar conoouie O�oOeny w��h a bain-in gain or ioss� y�� X No u ves'anacnsia�emam�aeeinsimcao�e) For PapemoM1 FeEUCllan Act Nalicr,�e�In�WCtlom for Farm 1066. Scnetlule N�t�for�n 10651�Ot t liM 231638925 KOUGHS OIL SERV � 4/15/2012 23-1638925 �ederal Statements �1'E: 12/31/2011 JACOB KOUGN 184-38-1925 Schedule K-1, Line 13 - Other Deductions Code Description Amount Gi Penalty Early W/D Savings S _ , siG 231638925 KOUGHS OIL SERV}r� 4I1512012 23-1638925 `-�Federal Statements � �YE: 12/31/2011 KENNETH KOUGH 181 -32-3472 Schedule K-1, Line 13 - Other Deductions Code Description Amount ,J Penalty Early W/D Savinys � � = '�- � Pennsylvania Return Summa� For calendar year 201 t,or!ax year beginning ending KOUGHS OIL SERVICE 23-1638925 Form PA-65 Return Intormatlon Apportlonment 7o�a� an taxab�e business income 345 � 676 Property 0 . 000000 Appomoned�Allowted PA taxable business mcome O Payroli - O . OOOOOO nuocated o�he�Pn PiT�ncome liossY Sa�es 0 . 000000 In�erest�ncome Gom Schedule A 18 , 971 Dividend income rrom Scheduie 0 460 n�erage 1 . 000000 Net gain iloss)Irom SchedWe D � RenVRoyaity net income(loss)trom Schedule E 0 Eslales or Irusls income trom Schedule J 0 Gambhng and lottery winnings from Schetlule T Q Total other PA PIT income Qoss) 19� 431 Firtal payment o�nonresidenl withholding tax � , • Form PA-40 NRC Retum Information Tolal PA taxable income Refund PA taz due Cretlit i Aliowable PA withholding a�d credits � Tax tlue!(overpaymenq Form PA-65 Corp Return lnformation Number ol corporate partners Number registered in PennsyWania Corporate partner wdhholtlmg Form RCT-101 CepitallFrencbfse Tax Summary Total book mcome Total lax due Average book mcoma Payments and credits Net worih Net tax due Capnal stock value Refund Taxable value Credil lo nex�year Cav�lal stock/foreign Iranchise lax Corporate loans!az Apportlonment Estlmates Property istquarter Payroli 2nd quarter Sales 3rd quarter Average 4th quarter Single Total estimated tax Form RCT-101d Inactive PA Corporate Tax Report(iled Form RCT-101D Declaration of de miniim5 eClrvity filad � � 1106014127 � � PA-20SIPA-65 2011 Pennsylvania (OB-11��Page 7 of 3� PA S CorporationlPartnership Information Return � :.,.._ ,.,.,,,�............. N ENTER ONE LETTER OR NUMBER IN EACH BOX. �,,,a�Y�a� N �.�a�aa��,� N Fnnp S�aws PAQOS N PA�66 Y PA-KOL PS H FEININamalAda�ess N 231638925 C 454311 N ��e�9e Amenaea iniornni�on N KOUGHS OIL SERVICE R91uf� MaIhM ol Pcrournmg A F,�ivaa� N s�o�vee� N A=a�„a� c=caso. o=rn�e� oa.Uma PO B�X 1]1{a Daieaco-,ay �9a�,�,,, 06151957 NEWVILLE PA 17241 Part 1.Total Taxable Business Income(Loss)from Operatlons Everywhere i a Taaable Business Income(LOSS)Irom Operetions Everywhere L a 34 5'6 7 6 tb Share of Business Income(Loss)from All Other Entities 1 b 0 tc Totai Income(LOSS) Add Line�a and Line tb 1 c 3 4 56 7 6 td Previously Disallowed CNI Deductiona-PA S Corporatlone only 1 d 0 1e Total Adjusted Business Income(Loss). Subirac��ine 1d from Line 1 c 1 e 34 5.6 7 6 PaR II.ApportionedlAllocated PA•Tazable Buslneas Income(Loss� 2 Net Business income(LOSS) 2 d � (2a= Oulsida PA) (2e=PA Source) 2 e Q 2 Share of Business Income(Loss)trom Other Entities 2 b � (2b= OutsiCe PA) (2f=PA Source) 2 f � 2 Previously Disallowed PA Source CNI Deductions-PA S Co�porations only 2 C � (2c=Outside PA) (29=PA Source) 2 9 � 2 Calculale Ad�ustedlApportioned Net Business income(LOSS) 2 d ❑ (2d=Outside PA) �2h=PA Source) 2 h � Part III.Allocatad Other PA PIT Income(Losa) 3 Interest Income(rom PA Schadula A 3 18971 4 Dividend Incame from PA Sc�edule B 4 4 6� 5 Net Gain(LOSS)from PA Schedule D 5 d 0 (5a=Outsitle PA)(Sb=PA Source) S b ❑ fi RenVROyatty Net Income(LOSS)Irom PA Schedule M, PaR B 6 d ❑ (6a=Outside PA)(6b=PA Source) 6 b � 7 Estales or Trusts Income lrom PA Schedule J 7 d � (7a=Outside PA)pb=PA Source) 7 b � 8 Gambling and Lottery Winnings(Loss)Irom PA Schedule T 8 a � (Ba =Outside PA)(8b=PA Source) 8 b � 9 Total Other PA PIT Income(LOSS) 9 19 4 31 SUBMIT ALL SUPPORTING SCHEDULES EC Page 1 0l 3 FC � 1106�14127 m m 1106014127 � � � 1106114133 � � PA•tOSIPA-65-2011 (OB-71)(Page 2 of 7) 231638925 C KOUGHS OIL SERVICE Part IV.ToWI PA S Corporetlon or Partnership Income(LOSS) �0 Totallntome(Loss)per800ksantlRecorOS 10 347907 i 1 Total Reponable Income(LOSS) Ad0 Lmes te and 9 or Add L�nes 2n an0 9 11 36 510 7 t2 Total NontaxablelNOnreportable Incoma(loss) Subtract Line 11 lrom Line �0 12 —17 2�0 Part V. Pasa Through Credita-See the PA-20SIPA-65 Instructlons 19a Total Other Credns.SubmA PA-20SlPA-65 Schedule OC 1 3 A � 13b Residenl Credit 1 3 b 0 74a PA 2011 Quarterly Tax With�ol0ingfExtension Paymenis for Nonresident Owners 1 4 d 0 74b Final Payment of Nonresident Ta+Wilhholding 14 b 0 14c Total PA Incame Tax WithhelE.Add Lines 14a antl 14D 14 C " � Part VI.Olstributlons•See the PA-20SIPA-66 inntruetlone Partnerohipa Only 15 Ois�ribu�ions of Cash,Marketable Securities,and Property 1 S 174 579 9 16 Guaranteed Payments for Capital or OMer Serncea 16 � 17 Au Other Guaranteed Paymems lor Services Renaereu 17 16 5 3 3 8 1B Guarentee0 Payments to Retired Partners 18 0 Distributlone•See the PA•20SIPA-BS Inatructlone PA S Corporatlona Only , 19 Distribuuons from PA Accumulated Atljuslmenls Acwum 19 � 20 Disinbuuons ol Cash,MarkelaDle Securities,antl Properiy 20 � Part VII.Other Infortnatlon-See the PA•10S/PA-66 Inalructlona for each Ilne . 1 Dumg I�e entitys t0z y¢ar,d�d t�e entity own any in�OrCSt in anolher paMership or in any loregn enliry InOt � N was disregarAed as an entiry separate trom its avner un0er federal regulations Sections 30t 7101�2 antl 701 7701�3? II yes,suDmB s�alement. 2 Goes t�e enti�y have any lax�ecempt partners/memDers/share�daers?I;yes,submit statement Z N 3 Ooes t�e enliry have any laeign panners/memberslsharendders(atsi0e Ihe U.S��II yes,suEmit statement 3 N 4 Was Ihere a distribution ofqroperty or a transfer(e.g.,by sale or dealh)al a pertner/member interest 4 N Gunng Iha lax year?(PaAnership only)II yes.submit statement. 5 Has Ihe(etlerel governmant changetl tasable income a6 onginaly reported for any prior period? If yes,intlicate periotl on supplemental statement,and submit final IRS determina�ion paDerwork. 5 N 6 Oces tne entiry have any foreign operalions a ownership in a laeign bank acc0unt?If yes,submll slatement. 6 N 7 Is Ihis emiry mvolved in a reportable transaction,6sled transaction,or regislere0 lax shelter withm ihis reWm� 7 N II yes.submit slatement. 8 Does the enliry nave any wrporate partners?Provide lhe PA AccouM 11�o�each corporate panner listed on the PaMerlMember/Shareholder Direclory e N 9 Has the eNity SoIG any lax creEits?If yes. submil stalemenL 9 N 10 Has Ihe entiry changed ita melhod of accounUng for lederel mwme lax purposes Aunng this tax year�I(yes, �o N submR lederal Form 3115. ll Nas Ihe enliry entered into any like-kmtl exc�anges untler IRC Sectwn t03t�II yes,submn lederal Form 882a t t N 12 PA Apportionment as reporleC on PA-20S/PA-65 Scnedule H-Corp 12 a a a o a o 0 � Page 2 af 7 � 1106114133 11�6114133 J4� 1107215392 � � PA Sthedufe RK-1 (08-11) 2011 Resident Schedule of ShareholderlPartnerlBeneficiary Pass Through Income, Loss and Credits 181323472 KOUGH KENNETH �..,a, N (InOmrtluerv� PA S CaG=: Pli O:Per CorO'] O�.nei y Es�aie/Tr�s1=< PanneroM1�D=S LLC-�'i E.ampv'!) 215 STEELSTOWN ROAD s��a�a�oioa��s��kow�a�.��o� 0000� am�,a� N NEWVILIE PA 17241 oe�ai��ansvae�.e�ao�s��m��o��e 000�� Panne�s%ol KOUGHS OIL SERVICE P��,�e��9 05�0❑ NEWVILLE PA 17241 23,1638925 �o�sana��g 0500❑ ceo��ei Fiecel Yeer N (EsiaieRrmr-E.Panne�smp=P.Pn 5 Gorp=5 LLGLI P Gwrs�snm D.r]0 0� Snon Yeer N Ge�erel Penner cr Y Lmned Panne�o� H LLC Mem�er-MenaQer Omar LLC Memoer t PA�Taxable Business Income(Loss)(rom Operations 1 1728 38 2 �nterest�ncome 2 9485 � 3 Div�dendincome 3 230 a q Net Gain(Loss)(rom Ihe Sale, Exchanga or Disposition of PropeRy 4 � 5 Net Income(loss)from Rents,Royalties, Patents and Copyrights 5 0 6 income of/from Estates or Trusis 6 ❑ 7 Gambling ana Lottery Winnings(Loss) 7 0 � 8 Resident Credit Submil statement 8 � y 9 Total Other Credit5. SuOmit statement. 9 � ? 10 �istributions ol Cash,Marketable Securities,and Property�not inctuding guaranteed payments 1� 8 7 Z 8 9 9 q 11 Guaren�eed Payments for Capital or Olher Sarvices 11 � a t2 nu Otnar Guaranteee Paymenls lor Services Randaretl 12 82669 > 13 Guarameetl Payments to the Retired Pariner 13 � r 14 Disinbutions(rom PA Accumulated Ad�ustmenls Account Liqu�daung N ],4 � m a 15 DistribWions of Cash, Marketable Securities.antl Property 1 S � > i6 Nontaxable income(loss)a nondeductible expenses required to calculate owners�asis 16 � A Submrt statement. a Note: Lines 17 through 20 are for information purposas only. j 17 Owner's Share of IRC Section 179 allowed according to PA rules 1 7 ❑ r 18 Ownei s Share of Straight-Line Depreciation 7+8 � R a 19 Partner's Share ol Nonrecourse Liabilities at year-end 1 9 � 20 Partner's Share of Recourse L�abiiities at year-end 2� 0 NOTE: Amounts from this schedule must be reported on the approprlate PA Tax Return. � 11�7215392 , 1107215392 ,� � � 1106214149 � � PA-20SlPA-65-2011 (08•11)(Page 3 ot 3) 231638925 C KOUGHS OIL SERVICE Part VIII. PA S Corporations Only-Accumulated AtlJustmenta Account(AAA)and Accumulatetl Earnings and Profits(AEBP� AAA AEBP 1 Balance at the beginning of Ihe taxable year. 1 � � 2 Total repoAable mcome from Part IV,Line 11 2 � NIA 3 Other a0ditions. Submit an itemized slatement. 3 0 0 4 Loss/rom Part IV,Line 11 4 0 N/A 5 Other reducti0ns.Submit an itemized statemen�. 5 � � 6 Sum of lines 1 through 5 6 0 ❑ 7 Distnbutions � 0 0 8 Balance at taxable year-end. Subtract Line 7 from Line 6. 8 0 � Part I%. Ownership In Pasa Through Entitles If the entity received incoma Qoss)from an 5 corporetion,partnerehip,estate or Irust limited liahiliry company or any other pass throuqh.entiry includmg a quaidied subchapter S su0sitliary(OSSS). list below Ihe FEIN,name antl address for each enLry It additional space is needed,submit a separate statement If the mcome Iloss) �s 6om a OSSS enter'yes"in the OSSS boz FEIN �SSS NAME 8 ADDRESS A B C D Mey Ihe Deparlment of Revenue tllacuse thls re[um wlt�the preparer ahown below9 N Part X. Signature and VetlFlcatlon ❑ndar penallies o�par�ury.I Oeclare I nava eramined IM1is remm,incNa�ng accOmpenyme fcne4Nee eM flalemenle,oM�o ine oesl of my xnpwle.lge antl oehel it p Irue,carBGl end t'Amplele O![lerat�m ol paid peparer u baseE on all iMwmaliOn ol w1Ldi pepazel�aa dny knowleUqG Pnn�/lype name ol generei panne� 0��pai Sipnewm ol Benma�pennx 0��^��Pei paie Oayuma Pnone no Oh�cel Of dulFwlxaO�ndividudl 0�1iCB/M dulM1wiZBd IntliviGU21 JACOH KOUGH 717-776-5685 Paid Praparer'a Use Only PnnlRypeD�eOe�Nfname PreperelimQneWra Dale CM1e�kJ O Aonald Fickes 04/15/12 aeuemplayea X firm s name(oi yours�I HOWAAD'9 ACCOUHTINC N847VII.LE Oay��me Phone na F,�m,a��e.e iov DOVBLING crr ao PA i�zu-eaae 717-776-5864 Prepere�sPTW FrmsfElN P0�224543 232270133 � FILE ALL J PAGES � 1106214149 Pa9e� O�� 1106214149 � � 1107616490 � � PARTNER/MEMBER/ SNAREHOLDER DIRECTORY •2011 PA-20S/PA-85 Directory(OB-11) KOUGHS OIL SERVICE 231638925 C f he enn�y musl I�st�ts vannersinemDers.snmenomers on ims scnMWe CODE�Enter t�e rype ol owrer co0e RI=Pes�neni inain�fua NR=YOnresiaenl intl�nuva�.PI=°an-�em!�esqmi naiv�auai iS Corp Oniy).P=Pannersnip C=C Corp,E=Esiaie,T=i�ust 5=S Cap L=LLC ta��as a Pattnersn�o.LC=LLC laaea u a C CorD LS=I�C iaxM az an 5 Co�p OE=[�srega��W Enlily B=Bank/Finacciel msiilulwn.1=lnsurance Comoany X=E�empt SSNIFEIN;PA Aeeount p;Ownerthlp R�lemer exn oxnai s peicereage� i��a Name antl Adtlrene. 1 coae RI ssNiFeiN 184381925 PAACCOUnIp owr,e�SmP�i 05000000 NameBAddress�. JACOB KOUGH NEWVILLE 195 GREENSPRING ROAD PA 17241 2 Code RI SSN/FEIN 181323472 PAAccount# Owne�ship% �50�0��0 Name�Address. KENNETH KOUGH NEWVILLE 215 STEELSTOWN ROAD PA 17241 3 Code SSN/FEIN � PA Accouni k Ownership% Name 8 Address: � 4 Code SSN/FEIN PA Accoun�tt Ownership% Name 8 Address: $ Code SSN/FEIN PA Accoum p Ownership% Name 8 AdGress: 6 Code SSN/FEIN PAACCOUntlt Ownersh�p% Name 8 Address� I,�„� 1107616490 1107616490 � � � 1107215392 � � ' PA Schedule RK-1 (OB-11) 2011 Resident Schedule of ShareholderlPartnerlBeneficiary Pass Through Income, Loss and Credits 184381925 KOUGH JACOB n�,�a� N ��naniave�=� Pn s corv='- mi ome,co.p=� o.v�e� ], EstaleRNSI=<,Pahnership=5 LLGfi,E+empi=]) 195 GREENSPRING ROAD s�e�ano�aa�,s�«wo.,,a�,n�,� D0000 n�a.a N NEWVILLE PA 17241 o�,a��<�erys,ae�-a�d�,�,�,�,o��b 0��0❑ � Panners x ol KOUGHS OIL SERVICE ��o��.�a��a 0500❑ NEWVILLE PA 17241 231638925 �a�.�ne��e 05000 Capnai FeCdl Vear N (EfleleRmsl=E.Panne�s�iD=P-PA 5 Cory=S,LLGL� p Ownersnip O S�Q O Snon Yaar N Ganeral Panner or Y Limilea Pxnner or N � LLC Membm-Menaper OA+er llC Mnmoer 1 PA-Taxable Business Income(LOSS)from Operahons 1 1728 3 8 2 interestlncome 2 9486 r 3 Dividendlncome 3 23� a 4 Net Gain(Loss)(rom the Sale, Exchange or Disposition of Property 4 � 5 Net Income(LOSS)trom Rents,Royalties, Patents and Copyrights S 0 6 Income ofqrom Estates or Trusis 6 0 7 Gambling and Loltery Winnings(Loss) 7 0 C 8 Resident Credit.Submit statemenL � 8 � a 9 Total Olher Cradits. Submit stalemen�. 9 0 ? 10 DisiribuUOns of Cash, Marketable Securitias,and Property-not including guaranteetl payments 1� 8 7 2 9 00 � �i Guaranteed Payments for Capital or Other Services 11 � a 12 All Other Guaranleed Paymenls lor Servicee Rentlered 12 82669 ) 13 Guaranteed Payments to Ihe Reti�ed Partner 13 � r 14 Dishibuuons Irom PA Accumulatetl Adjustmenls Account �iqmdaung N 14 Q a 15 Distributions of Cash,Marketable Securilies,and Property 1 S � > 16 Non�axable income(loss)or nondeducnbfe expenses required ro calculate ownets basis. 16 � m Suhmit statement. a Note: Lines 17 through 20 are for Inlormatlon purposes only. j 17 Ownefs Share of IRC Section 179 allowad according lo PA rules ],7 0 q 18 Owners Share of Siraight-Line Deprecialion 1 8 � � 19 Pariners Shara ol Nonrecourse Liabtlilies at year-end 19 � 20 Pariner's Share of Recourse Liabilitias al yeai-end 2� � NOTE: Amounts from thls achetlule must 6e raported on the approprlate PA Tax Return. L1107215392 1107215392 ,J � PA SCHEDULE M� 1107010�25 � ftaconclll�tlan ol FaOanl.Tauole ' Incame�LoulloPA�TaaaCle Income�LOO� PA�3031PP�96M O:�ti !i� �O� � C14�C,N.uSEGNIv N.ime es ei•own on Pq4091PA-661nPoimatlon Relum GEIN PA S�le�Ia.lrtenae NumOer - KOUGHS OIL SERVICE , 23-1638925 PA Schedule M, Part A. Classifying Federal Income (Loss) for PA Personal Income Tax Purposes Classity,wtlhoW adjustmenl,the federal income(loss)trom Scnedule K of tetleral Fortn 11205 a Irom Schedule K ol tMeral Form 10fi5 7he ennpy musi ailaate or apponion �he amaunts trom t�e federal calegories Io ihe reportable PA PIT classes.The total of t�e specifc federal line ilems should equal ihe tolal of ihe fe0eral schedule. Federal Form Clasaitied for Penns Ivanla Personal Income Tax ur oses Form 1120S,Schedule Kline (a) @) (c) (tl) (e) (� description Federal PA Business Interest Dividen0 Gam (loss) Ren1 8 Royalty Form 1065.ScheOule K line Income Incoma Income �ncome From Sales Income(loss) descri tion (loss) (lass) PA Schedule A PA Schedule B PA Schedule D PA Sc�edule E 1 Ordinary incoma(loss)from tradeorbusinessactivities 342 580 342 580 2 Ne�income(loss)from rental real estate actiwties 3 Other gross rental income(loss) 4 Interest income 18 971 18 971 5 Dividend5 460 460 6 Royalry income 7 Net shoA-term capital gain Qoss) 8 Nel long-lerm capital gain (toss) 9 Nel gain(loss)from disposal of IRC Section 179 ro e 10 Net iRC Seclion 1231 gain(ioss) Irom Form 4797 11 Other income(loss) 12 Total PA income(loss)by dassrfication.Total ihe amounts in eacn column. 362 O11 342 580 18 971 460 � 11�7010�25 1107010�25 � J � 110711�023 � PA SCHEDULE fleconulbtlon ol FeanU.T�aabla . Incom�(LOU)Io PA.TauGb IncaT1�LO�� q PA304/P�i6M 05-1� � l.O� � GFFiCiAIUSF.ONLi Name as snown on P1403�PAfib inlormtllon R�lum FEIN KOUGHS OIL SERVICE 23-1638925 PA Schedule M,Part B.Detarmining PA Reportable Income(Loss)by Classifiwtlon Tne enmy may nead to prepare a PA Sq�eWle M,Pan tl il n mu�t make atlryf�menu io pro0etly qelermine ite mpam0le classilieU�ncome(losq lor ib PA-7p51PAfi5 Infwmeiwn ReWrn T�is spoufm os�o�ad�usimen�e eppbae io�ncome�iwe1 Imm e eueineae or iarm,ana rmiaumyniry income Ilou� ioUl Rmt�l Income�LO�q or PA Alloc�n0 Tobl Buslneu Income Loat Enbr w�ol�tloll�n onlv. ( I Incama Lou Bafon P orllonmenl Se<OOn A.FeESnI Claullletl Incom��LOn�.Incane ciae�Irqn Pan A Co�vmn B Erier�neinnalol�neCoWmm�O�or(�oniy � � 3!j'2 . 58� S�cllon B.Memlz�Incom��E�wimmU iNl Incnua PA nport�01�Incem��reUUC�t��b��. a DelerraC mcome reixlup lo aGVOnce paymenie lor g000e entl sanmes i o Diflere�ce in gan�bss�lor ed[�Ousiness sale o�Ompprty w�ere Ihc O�a:�s were remuesle0 m!ne same I�ne ol Dusmess � ^ c Gam hom bumnecs IiMtrxiM e.cM1anges,sae PA PIT GuiAe Iw�nein�nion� 5 y tl Gam(loea)an involumary mnvenrom�IPC$ecuon 1�33 � � 9 Income Imm cancallaliW ot Qe01 inet Prl«eab�iMBrenlly hom!etle�el rul9! q �p � Increases in incwre in Ne year ol chaige�esul�ig Irqn sp�ea�in tl�e year ol cnange assoaa�eG wil�IRC SecUOn 481�a)adrystment t t iY g Income from o0ligelions ol olhe�alalen aM a9enizeliona Ibal�e no�etempl lor PA purpoeet �� p n Oiner lavaoie income Iw PA Wrposes Il�e ennry does noi report br fede�al u� se5 SvOmiIS�dIBmBn1 �5 t6 8 Tot�l t) 1! $1CIIOO C.II�TII�IfICOT�IG�Y�111110p M�t EKIHN�fl�PA fl�IOR�011�MOT��IOCA�N 1�1�IO��'. a Diflerence in gan(bss)la eac�6usiness sale Mien praeed5 werB reinvesled in IAe same 6ne d Ousiness i 1 o Income han odgaDons of Ihe U S.govammanl arM oUer agan2alrons I�at rs ml tmiade lor PA purpcyea � a c DBCrea5C51a pariously reporlBd irMOnte in priot yex resulling hom spred�a55oCialBE wilh IRC$ettan 4811a) 5 6 e Ot�er PA nonla+aGe nicare the enbty reporteC lor�etlera�W�W� Su�mil slalement � a C Tal�l B 10 Sectlon�.AE u�b0 P�R� roGb Incom�.9e�PA�IOSiPA�66 Sch�tlub M In�lructlan�. � 3 3 4 2 5 8 0 SecHOn E.Itemlz�Mou�ipmm Ritl PA bw Eoe�nal�Ilow N�t tN mtlry E�EUCteE on Ib NCn�I lorm. Thase a0rystmMb uwease PA repUable��wome(reauce Ine losq o a Ta+as pab on�r¢ome from IM1e woAa�ee�in t�e PA PIT Gwtle SuDmn�.wNSneai 2 .J 0 9 6 0 D�Ilerencea in depreae�im iaxen lor PP a�a ieGerei purpose� � a c Ney man iile msurance premmma�ownan ae benelipanas) 5 5 4 Ortlerencee in Pq beaiment ol puerameea paymanb b�caPeel q e OiflarBMRS�n Oep�BOdl�on IIN Wnu��ap�eGalion iPA�ew doe!nol allOw CO�us tlep/ECietion j 9 � 10 1 6pe�se eC�m�mams�o Guahfy lor ine PA uaGi�c cieimed m Pen V W ihe PP.OS/PAbS �2 q Cl�er Bapensas��e B�uly GeGucted on i6letlaral relum Ihal PA Go¢s rot allOw �� Submil slalem0nl �� '° e roa� ie �e 3 096 9actlon F.Ibmlza I�ou n0��NI PA law tllow�t�tl M�eMMy coul�nol OMU[�on IU IMmI b�m. Tnase aaryeimenb derlea¢e PA reporte0ie rtrnme pnuearo�M ioss) G 50 pltGOnl ol�minee�meeb,enlntlBmmenl en0 GuC Oue�IM1iI IM�nl�ly could n01 QBEW 1 1 � Shces lar an Oep/eciable amal! � 4 c Dnlerencea m oapieaaum iawen lor Pn anG lederel purpoaae 5 6 � iRC Seaion t]9 expenwa pM1e meMimum Ior Pq O��WSa�u f75,0001 � B e 6pensee�or emp�oyeeL rticlWng�A S corporauon fharoOO�Omemp�oyee� 9 �0 � i.de msuranu o�am�uma�PA S wrporei�on a Oennaenio es eene/K�ery� �> >� g E�pens¢adWStmenls to queldy for tederal credit� » �4 n Other expense5 PA a'lows Nat Ihe enliry ab nol aW utl m tlie IrAEaI Rlum SubnllslaleR'9n1 �s 15 UseTarclaimBCanEremitleC-not renoufl ca i1a1¢ed Intludeacop ollnaPF�l�orm P �9 r ro�.� is :o SacGOn Q Tolal Au01e Incom�(LOn�.AOU S�cllon D,pN�E,minu�F. � Z 3 4 5 6 7 6 � 1107110023 1107110�23 � � � 1108610021 � ' PA SCHEDULE A Inlen�t Incom� PA305lPAb6A(05�11)Ip 2011 OFFi;IAL USE GNi.i Name as shown on PA•20SIPA�651nformation Retum FEW i KOUGHS OIL SERVSCE 23-1638925 � See Ihe PA-20S/PA-65 Schetlule A insVUCtions and the PA PIT Guitle on the depariment's websile t INerest income from federal Schetlule K i 18 971 2 Less business or ranlal mterest income(working cap�tal)-report on PA-20S/PA-65 Schetlule M, Part A 2 3 Ad�usted letleral mteresl mcome-subtract Line 2 from Line 1 3 18 971 4 Federel-exempf interest income taxable for PA PIT-demize below 4 5 Othe�mterest mcome no�inciutletl on Lme 3 and Line 4 5 6 Gross PA interest income-adtl Lines 3 thiou h 5 6 1 B 971 7 PA-exempf interest income included on Lme 6-item¢e below 7 PA-taxable interest income-sublrad line 7 from Line 6 Entar the result on lhe PA-20SlPA-65 8 Informalion Retum, Page 1, PaA 111,Line 3. 8 18 971 Federal-exempt interest income-list sources and amounts PA-exempt interesl income-lisl sources and amounts � 1108610021 1108610021 � � � 110871�029 � • PA SCHEDULE B oroia.�a.�a cav��•�c,ms va�:osirn ce e os�:�i q 2011 0!��CIFL USE ONIY Name as shown on PA-20SIPA-651nformation Retum . FEIN ' KOUGHS OIL SERVICE I23-1638925 I See the PA-20S/PA$5 Schedule B mstrucUOns and ihe PA PIT Guitle on�he departmenl'S websile. 1 Ordinary dividenC income from fetlerel Schetlule K i 4 60 2 Less business or rentak dividend income�(working capitap-report on PA-20S/PA-65 Schedule M. Part A 2 3 Adjusted federal dividend incoma-subiract Line 2 from Line 1 3 4 60 4 Federal-ezempt dividend income taxable(or PA P�T-itemize balow q 5 Other dividend income not included on Line 3 and Line 4 5 6 Capital gains distributions income g 7 Gross PA-taxable dividend income-add Lines 3 throu h 6 7 4 60 8 PA-exempl dividend income included on Line 7-itemiza below g PA-taxab�e dividend income and capital gains dishibutions incoma-subtred Lina 8 from Line 7 9 Enter Ihe resW�on�he PA-20S/PA-65 Informalion Retum, Paqe 1, Part III, Line 4 s 4 60 Faderal-exempt dividentl incoma-list sources and amounts PA-exempt dividend income-list sources and amounis � 110871Q029 11�8710029 � . _ . . Fo�m A Schedule M - Tax Worksheet -----i PA-20S/ � � 2011 PA-65 For calentlar year 2011 or tax year bea nnino �.di q j ' Name Federal Identdir,ation Numner KOUGHS OIL SERVICE j 23-1638925 , t065, �ine t4 3 096 0 1065, Tax mcluded in Schedule A . � 11205. Line 12 a 11205,Tax included m Schedule A Toial 7axes Deducted on Fade�ai Rewrn 3 096j Part � � � 1 Taxing �escnption of Total PoNon of Tax in Portion af Taz m Jurisdidion Tax Tax Column 7 Tax Not Column 1 0ased on based on Net Income Plel Income , Taxes 3 096 3 096 3 4 5 6 l B 9 I 10 tt 2 19 14 IS �6 I] 1B ,9 TotalTa:es 3 0 9 6 3 0 9 6 This amounl musl This amouM is To PA Schedule M. eQUal Me amount tleductible(or PA PIT Pan B, Section E. Li�e in line te. above purposes and for a from Federal Federat income tax TaY Form. ur oses � � 1107215392 � � � PA Schedule RK-1 (OB-11� 2011 Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits 184381925 KOUGH JACOB , �� N n.,m��a�ai=� rn s co.o=z nn oi�»,co.o=3 o�.,,n� 1 Ls�abrTr�ei=4 Pannersni0'S LLC=5 E.empi=]i 195 GREENSPRING ROAD s�a�anawe�.si«wo».,a�sn�cvu 00��❑ a�a�aea N NEWVILLE PA 17241 3e�a�=�a�ws,ea�A�d�s��o�� 0000 Pannar s b o� KOUGHS OIL SERVICE ��,�a��9 05�0� NEWVILLE PA 17'c41 231638925 ��,.s��G 05�00 cao isi e Fisca�Vear H (ESw�elirue�=E,PannersNp=P PA 5 CorO=5 LLC=I) P Ownx�sM1io 0 J��❑ Short Vear H Gereral Ganrer or Y l�mnod Penner or H LICMemper�ManaVar Ome�LIC."�empar , 1 PA-Taxable eusiness Income(loss)Irom Oparations 1 17 2 b 3 8 2 �meres�lncome 2 9486 C 3 Dividendlncome 3 230 a 4 Nel Gain(LOSS)Irom Ihe Sale, Exchange or OisposRion ot Property 4 � 5 Net Income(LOSS)from Rents, Royalties. Patents and CoDYrighls 5 � 6 Income ol/from Estates or Trusls 6 � 7 Gambling and Lotlery Winnings(Loss) 7 � � 8 Resident Credil Submit statement. 8 0 a 9 Tolal Other Cretlits.Submit slatement. � 9 � > 10 Distributions ol Cash,Marketable Securities, and Property� not including guaranteetl payments L 0 8 7 2 9 0 0 C 11 Guaranteed Payments for Capital or Other Services 11 � a 12 82669 12 All Other Guarantead Payments for Services Rendered > 13 Guarenleetl Payments lo Me Retired Partner L 3 0 q 74 Distribulions from PA Accumulated Adjustments Account Liqwdating N 14 � a 15 Distributions of Cash, Marketable Sewrities, and Property L 5 � > ts Nontaxab�e income(�oss)or nondeducubie expenses reqmred to calculate owners oasis 1 b 0 m Su6mi�s�atemen�. a Note: Lines 77 through 20 are fo�information purposes only. a � 17 Ownefs Share of IRC Section 179 allowea accordmg to PA rules 1 7 ❑ r 18 Owner's Share of Straigh4Line Deprecialion 18 a L9 � 19 Partnefs Share o�Nonrecourse Liabilitias at yearend O 20 PaMefs Share ol Recourse Liabililies at year-end 2� NOTE: Amounts from thle schedule must be raported on the approprlate PA Taa Return. � 1107215392 11�7215392 � J � 1107215392 � � PA Sthedule RK•1 (OB-11� 2011 Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits 181323472 KOUGH KENNETH �,-a� N d�a�.m�,ai=� NA s r.ap=z_nu o��e,co,p°a owna� ], EewreRwsi=a Py�n�ar5n�o=5 LLC=6 6empi=%� 215 $TEELSTOWN R4AD s��a-e„�:,��;s��<,o..�a�.�.p•� pp000 anawea H NEWVILIE PA 17241 �a�a„��a�;s,�a��u,=��r.�.o,�+, 00000 V��1��9['S°h 01 KOUGHS OIL SERVICE f•,o��.�,,; ❑5000 NEWVILLE PA 17241 231638925 �o��„a��.a OSq00 Caonai ef1 F�s�a�Vear H (Esta�eRrmi=E PannersNp=F PP 5 Cwp=S LLC=L) {� OwnersniV ❑p y Q Q Sno/t Ye4r N GenerelPanr�er or Y L�mitea POnnerw N L�G Mamper�ManeQer Oihar LLC Membar 1 PA-Taxable Business Incoma(Loss)6om Operalions 1 17 2 8 3 8 2 mterest Income 2 9 4 8 S ti 3 Dividend Income 3 2 3 a a 4 Net Gain(LOSS)from the Sale, Exchange or Disposition of Properry 4 0 5 Net Income(LOSS)Irom Ren�s,Royaities,Patants and Copyrights $ � 6 Income oAfrom Estates or Trusts - 6 0 7 Gamb6ng and Lotlery Winnings(LOSS) 7 � � 8 Resident Credit Submit statement. 8 � y 9 Total Other Credits. Suhmil statemenL 9 � � >_ 10 Disfnbutions of Cash,Marketable Secunties, and Property- not mcluding guaranteetl payments 1� 87 Z 9 9 9 q 11 Guaranteed Payments for Capital or Other Serv�ces L 1 � °' t2 AIIOIherGuaranreeoPayman�slorServicesRendered 12 82669 � 13 Guaran�eed Payments to the Retired Partner L 3 0 q 74 D�stnbutions from PA Accumulated Adjustments Account Liquidaling N L 4 � °� 15 Distributions of Cash, Marketable Securdias,and Properry 1$ 0 > 16 Nontaxa�le income(loss)or nondeductib�e expenses reqwred lo calculate ownels basis. L Ia � m Submitstatement. n Note: Unes 17 throu8h YO are for informatlon purposae only. � 17 Owner's Share of IRC Section 179 allowed according lo PA rules 17 � r t8 Owner's Share of SiraigM-Line Depreaabon L 8 0 m a 19 Partners Share of Nonrecourse Liabilities at year-end 19 0 20 Partner's Sha�e of Recoursa liabilihes at year-end 2� Q NOTE: Amounts from thls schedule must be reported on the appropriata PA Tax Raturn. L, 1107215392 1107215392 �