Loading...
HomeMy WebLinkAbout02-0370ROBERT H. LONG, JR.z SHERILL T. MOYER 3AN P. PADEN RICHARD B. WOOD LRWRENCI! B. AKqAMS Ill: J. BRUCE WALTER JOHN P. MANBECK FRANK J. LEBER PAUL A. LUNDEEN JACK F. HURLEY~ JR. DAVID B. DOWLING DAVID F. O'LEARY DAVID O. TWADDELL CHARLES J. FERRY STANLEY A. SMITH JENS H. DAMGAARDz DRAKE D. NICHOLAS THOMAS A. FRENCH DEAN H. DUSINBERRE DONNA M.3. CLARK CHARLES E. GUTSHALL PAUL F. WESSELL SHAWN D. LOCHINGER JAMES H. CAWLEY DEAN F. PIERMATTEI KENNETH L. ]OEO DEBRA M. KRIETE TODD ]. SHILL DAVID M. BARASCH LORI 3. McELROY THOMAS ~. NEHILLA KEVIN M. GOLD CARL D. LUNDBLAD JAMES E. ELLISON RICHARD E. ARTELL ROBERT J. TRIBECK TIMOTHY J. NIEMAN PAUL 3. BRUDERt 3Rtl JOANNE BOOK CHRISTINE AMY J. MENDELSOHNz MICHAEL W. WINFIELD3 KATHRYN G. SOPHYt STEPHANIE E. DIVITTORE KATHLEEN O. BRUDER*'s .IOHN M. COLES I ALSO ADMITTED TO THE DISTRICT OF COLUMBIA EAR 2 ALSO ADMITTED TO THE FLORIDA BAR 3 ALSO ADMITTED TO THE MARYLAND BAR 4 ALSO ADMITTED TO THE NEW JERSEY BAR 5 ALSO ADMITTED TO THE NEW YORK BAR VIA FEDERAL EXPRESS Mrs. Mary C. Lewis Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, PA 17013 Re: ATTORNEYS AT LAW TW'E LFTH FLOOR ONE SOUTH MARKET SQUARE P.O. BOX 1146 HARRISBURG, PA ].7108-].].46 TELEPHONE (717) 233-5731 FAX (717) 232-1459 WEBSITE: www.rhoads-sinon.com EMAIL SSMITH~ RHOADS-SINON.COM April 9, 2002 Estate of Barbara J. Fressie Date of Death: March 29, 2002 OF COUNSEL HENRY W. RHOADS JOHN C. DOWL[NG RETIRED FRANK A. SINON PAUL H. RHOADS 1907-1984 JOHN M. MUSSELMAN 1919-1980 CLYLE R. HENDERSHOT 1922-1980 DIRECT DIAL NO. 231-6628 4439/02 FILE NO. Dear Mrs. Lewis: We are writing to request that you issue Letters Testamentary for the above Estate. Enclosed are the following documems: 1. Original Death Certificate. 2. Original Will. 3. Petition for Grant of Letters (Oath was administered in York County). 4. Estate Information Sheet. 5. Check in the sum of $168.00 in payment of filing fee and cost of five Short Certificates. 6. Photocopy of this letter, together with a copy of each document, which we ask that you time-stamp and return to us. 7. Self-addressed stamped envelope for your use in returning the time-stamped copies to US. Please process these documents and forward the Letters Testamentary and Short Certificates to us in the envelope provided. 426445.1 YORK: AFFILIATED OFFICE: LANCASTER: STE. 203, 1700 S. DIXIE HWY, BOCA RATON, FL 33432 TELEPHONE (717) 843-1718, FAX (717) 232-1459 TELEPHONE (561) 395-5595, FAX (561) 395-9497 TELEPHONE (717) 397-4431, FAX (717) 232-1459 Mrs. Mary C. Lewis April 9, 2002 Page 2 If you require any additional documentation or information, please contact the undersigned. Very truly yours, RHOA~ LLP By:~'"q Enclosures cc: Jennifer Patton Clancy, Esquire Register of Wills of Cumberland County, Pennsylvania PETITION FOR GRANT OF LETTERS Estate of Barbara J, also known as Petitioner, who is18 yeara of age or older, aCoJy(ies) for: (COMPLETE "A" OR "B" BELOW:) Freesia Barbara Ed,qerly Freesia , Deceased .o. _21- o 2- $70 Social Security No. 382-40-2941 Jennifer Patton Clancy A. Probate and Grant of Letters and aver that Petitioners are the executors named in the Last Will of the Decedent, dated $'~j~'. ¥, 2,o00 and codicil(s) dated None ! State relevant circumstances, e.g., renunciation, death of executor, etc. Except as follows, Decedent did not marry, was not divorced, and did not have a child born or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incompetent: No Exceptions B. Grant of Letters of Administration (d.b.n.c.t.e.: pendente lite; durante abaentla; durante minoritate) Petitioner(s) after a proper search has/have ascertained that Decedent left no Will and was survived by the following spouse (if any) and heirs: Name Relationship Residence 1 (COMPLETE IN ALL CASES:) Attach additional sheets if necessary. Decedent was domiciled at death in Cumberland County, Pennsylvania, with her last family or principal residence at 1133 Nanroc Drive, MechanicsburR, Upper Allen Township, Cumberland County, PA 17055 (list street, number and municipalityl Decedent, then 60 years of age, died March 29, 2002, at Messiah Villa.qe, Upper Allen Township, Cumberland County, Pennsylvania 17011 (Location) Decedent at death owned property with estimated values as follows: (If domiciled in PA) All personal property ............................................................................ $ (If not domiciled in PA) Personal property in Pennsylvania .......................................................... $ (If not domiciled in PA) Personal property in County .................................................................. $ Value of real estate in Pennsylvania .......................................................................................................... $ "/O;0C~¢,2 · ~ Total ................................................................................................... $ Real Estate situated as follows: i~ ';~'~ /~II('O~L J)c ,. JV~ ~c.[,t~lCS~ ,.~."~. ~,,~- Wherefore, Petitioner respectfully requests the probate of the last Will presented with this Petition and the grant of letters in the appropriate form to the undersigned: Signature Typed or printed name and residence Jennifer Patton Clancy 1480 Wyndham Drive South York, PA 17403 42~5o6r~77R~V-1 Page1 of 2 (Dau.hi. County)- Rev. 9/92 Oath of Personal Representative Commonwealth of Pennsylvania County of The Petitioner(s) above-named swear(s) and affirm(s) that the statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the Decedent, Petitioner(s) will well and truly administer the estate according to law. Sworn to and affirmed and subscribed before me this ,5 t_h day of ADz: ± l 2002 nC~fer Patt~n Clancy No. 21-02-0370 Estate of Barbara J _ Fressie Deceased Social Security No: 382-40-2941 Date of Death: March 29, 2002 AND NOW, APRT~. 10~ 2002 , 20 02 , in consideration of the Petition on the reverse side hereon, satisfactory proof having been presented before me, IT IS DECREED that Letters [] Testamentary [] of Administration d.b.n,c.t.; pendente lite; durante absentla; durante minorltate are hereby granted to Jennifer Patton Clancy in the above estate and that the instrument(s) dated SEPTEMBER 9, 2002 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters ........................... 115.00 Short Certificate(s) .....~.... $ 15.00 Renunciation .................. Affidavit ( ) ................. Extra Pages (11) ............ $ 33.00 Codicil .......................... JCP Fee ........................ $ 5 o 00 Inventory ....................... Other ............................ $ 168.00 TOTAL ................ Form RW-1 Page 2 of 2 (Dauphin County) - Rev. 9/92 Register of Wills Attorney?'-~ I.D. No: 33782 Address: Rhoads & Sinon LLP, PO Box 1146 1 S. Market Square, Harrisburq, PA 17108-1146 Telephone: 717-233-5731 MAILED TO ATTORNEY APRIL 10, 2002 WILL 21-02-370 I, BARBARA J. FRESSIE, of the County of Cumberland and Commonwealth of Pennsylvania, do make this my Will, hereby revoking any and all Wills and Codicils at any time heretofore made by me. HRST: Payrnent of Expenses. I direct that the expenses of my last illness and funeral be paid out of my estate as soon as may be convenient after my death. SECOND: Tangible Personal Property. (A) Memorandum. I may leave among my personal papers a memorandum identifying certain items of my tangible personal property for distribution at my death to one or more persons, including family members and personal fi'iends. I do hereby incorporate said memorandum by reference as a part of my Will and direct my Executor to make distribution of the items listed thereon in accordance therewith. If no such memorandum is found within thirty (30) days after the date of my death, it shall be conclusively presumed that no such memorandum exists, even if such memorandum is thereafter discovered. I do hereby expressly relieve my Executor and any other personal representative fi.om any liability whatsoever to anyone having any interest in my estate for complying with the provisions of any such memorandum, and my estate shall indemnify them against any claims or expenses, including counsel fees and any surcharge, arising out of their complying with the provisions of such memorandum. 03) Other Tangible Personal Property. I give and bequeath any remaining items of my personal effects, including without limitation, automobiles, boats, library, records, household goods and furnishings of all kinds, silverware, objects of art, clothing and jewelry, which I may own at the time of my death and which are not distributed by the terms of any above-described memorandum, together with any insurance policy thereon, to my children SHERI PATTON, KAMELA PATTON, JENNIFER PATTON CLANCY, and JENELL PATTON who sm'vive me, so much of said property as they may each select and any items that my children do not select shall be sold and the proceeds distributed as part of the rest of my estate. THIRD: Residue. For reasons known by my daughter, SHERI PATTON, I give no portion of the residue of my estate to her or her issue. Excepting my daughter, SHERI PATTON, all the residue of my estate shall be divided into as many shares as I have children then living and deceased children with descendants then surviving. The share of each living child shall be distributed to such child, the share of each deceased child shall be distributed to his or her descendants, per stirpes, subject to the provisions of Article FOURTH below. FOURTH: Trust for My Grandchild. The share of any grandchild of mine shall be distributed to my daughter, KAMELA PATTON, to be held in trust and distributed as follows: (A) During the Lifetime of My Grandchild. During the lifetime of each grandchild, the Trustee shall pay the Income of his or her trust in quarter-annual or more fi:equent installments to or for the benefit of my said grandchild and may expend in addition such sums from principal as the Trustee considers advisable, in view of other readily available fimds of which the Trustee has knowledge, to provide for the health, comfortable support and maintenance of my said grandchild and his or her children, if any, including educational and funeral expenses; PROVIDED, however, that prior to my said grandchild's twenty-fa'st (21st) birthday, the Trustee 2 may add to principal and invest as such any Income which the Trustee considers not to be needed for such purposes; and PROVIDED, further, that after his or her twenty-fifth (25th) birthday, my said grandchild may withdraw one-half (1/2) of the principal of his or her trust; after his or her thirtieth (30th) birthday or twenty-one (21) years after the death of the survivor of all of my descendants living at my death, whichever date first arrives, my said grandchild may withdraw any or all of the principal of his or her trust. (B) Upon the Death of My Grandchild. Upon the death of each grandchild, if his or her trust has not already terminated, or upon the division into shares under Article THIRD above in the case of a grandchild who is not then living, the principal of my said grandchild's share, or so much thereof as may then remain, shall be distributed outright to or on further trust for such one or more of my descendants, other than his or her own estate, as my said grandchild directs by specific reference to this power of appointment in his or her Will; PROVIDED, however, that my said grandchild may appoint any portion that he or she could have withdrawn before death in favor of anyone. Any unappointed portion shall be paid, per stirpes, to his or her then-living descendants, or if he or she has none, to the then-living descendants of his or her parent who was my child, the share of any other grandchild of mine is to be added to his or her separate trust hereunder if it is still in existence. FIFTH: Disposition If No Descendants. IfI have no other descendants living at the death of the survivor of my daughters KAMELA PATRON, JENNIFER PATTON CLANCY, JENELL PATRON, and me, any remaining unappointed principal shall be distributed to my daughter SHERI PATRON if she survives me. If SHERI PATTON does not survive me, any remaining unappointed principal shall be distributed to those persons who would have been entitled 3 thereto if I had died at that time intestate, unmarried and domiciled in the Commonwealth of Pennsylvania. SIXTH: Successor Trustee. If my daughter, KAMELA PATTON, is unable or unwilling to serve as Trustee, my daughter, JENELL PATTON, shall serve as Trustee in her place. SEVENTH: Appointment of Executor. I appoint my daughter, JENNIFER PATTON CLANCY, as Executor of this my Will. If JENNIFER PATTON CLANCY is unable or unwilling to serve or to cominue to serve as Executor, then my daughter, KAMELA PATTON, shall serve as Executor in her place. EIGHTH: Provisions Applicable to Executor and Trustee. (A) General Powers of Executor and Trustee. My Executor and Trustee and their successors shall have the following powers, in addition to those now or herea~er conferred by law, to be exercised by them in their absolute discretion, which powers shall be applicable to all property held by them, effective without the order of any court: (1) Retain Assets. To accept in kind and retain any or all property received fi:om me, my estate, or fi:om any other source, regardless of non-productivity and without diversification. (2) Investments. To invest and reinvest in any kind of property, real or personal, without being limited by any statute or rule of law concerning investmems by fiduciaries; and to make joint investmems for any trusts having the same trustee, allocating to each trust a proportionate undivided interest in such investments and dividing the income proportionately among them. (3) Sell and Exchange. To sell, exchange, grant options to acquire any property at public or private sale and at times and prices and on terms and conditions (including credit) as they may determine. 4 (4) Manage Securities. To exercise in person or by proxy all voting and other rights, powers, and privileges and to take all steps to realize all benefits with respect to stocks or other securities and to enter into, oppose, alone or with others, voting trusts, mergers, consolidations, foreclosures, liquidations, reorganization, or other changes in the financial structure of any corporation or other entity. (5) Manage Other Property. To manage, operate, control, repair, and improve real and personal property, and to lease real estate and other property upon such terms and for such period as they deem advisable though commencing in the future or extending beyond the term of any trust, and to take any other action with respect to any real or personal property which an individual owner thereof could take. (6) Stock Options. To exercise any stock options which they may receive. (7) Nominee Registration. To register investments in the name of a nominee or to hold the same unregistered in such form that they will pass by delivery. (8) Borrow and Mortgage. To borrow money from any fiduciary or from any other source, to extend or renew any indebtedness upon such terms as they consider proper; and to secure the repayment thereof by mortgage of real or personal property, pledge of investments or otherwise. (9) Termination of Small Trusts. If any Trustee who is not a beneficiary considers the principal of any trust to be insufficient to warrant establishing or continuing the trust, such Trustee may pay the principal to the Income beneficiary or, if he or she is under the age of twenty-one (21) years, to a Custodian for him or her under an appropriate Uniform Gills or Transfers to Minors Act, to be selected by such Trustee. The receipts and releases of the distributees will terminate absolutely the rights of all persons who might otherwise have a future interest in the trust, whether vested or contingent, without notice to them and without the necessity of filing an account to the Court. (10) Lend. To make loans in such amounts, upon such terms, secured or unsecured, at such rates of interest, and to such persons or entities as they may deem advisable. (11) Compromise. To compromise any claim or controversy. (12) Disclaimers. To disclaim all or any portion of any interest in any property passing to or for me under any will, trust or otherwise. discretion~ (13) Abandon Property_. 5 To abandon any property in their (14) Principal and Income. To allocate receipts and expenses to principal or income or partly to each as they deem proper. (15) Distributions and Allocations. To make distributions in cash or in kind, or partly in each; to allocate different kinds or disproportionate shares of property or undivided interests in property or property having different bases for Federal income tax purposes among the beneficiaries or separate trusts, without obligation to make compensating adjustments; and to determine the value of any asset. (16) Employ Agents. To employ and compensate such brokers, banks, custodians, investment counsel, accountants, attomeys, and other agents, and to delegate to them such of their duties, rights and powers, including, among others, the right to vote on shares of stock held by them, as they may determine, and for such periods as they think proper. (17) Business Interests. To carry on, alone or with others, any business in which I had an interest at my death for whatever period of time they shall deem proper, and to do any and all things they deem necessary or appropriate in connection therewith, with all of the powers of any owner with regard to the business, including the power to organize a partnership, corporation or other entry to conduct the business, to borrow and pledge assets as security for such borrowing, to delegate discretionary authority to others, to make additional investments in the business, to borrow and pledge assets as security for such borrowing, to distribute any part or all of any such business interest in kind, and to liquidate or sell any such business interest at such time and upon such terms as they shall determine. (18) Combine Trusts. To combine, without prior court approval, any trust herein with any other trust with substantially similar provisions, the same beneficiaries and the same trustee. (19) Divide Trusts. To divide (whether before or after a trust is funded), without prior court approval, any trust or any property which is used to fund or augment any trust herein into two or more fiactional shares. Said shares shall be held and administered by the Trustees as separate shares with identical terms although the Trustees, in the sole discretion of the Trustees, may manage and invest separate trusts as one. (20) Insurance. To carry insurance against such risks and for such amounts, and upon such terms as they determine. (21) Transactions with Fiduciary_. To deal with, purchase assets fi:om, or make loans to, any fiduciary of any trust established by my spouse or me or a trust or estate in which any beneficiary hereunder has an interest, though a fiduciary hereunder is the fiduciary. (22) Other Discretionary_ Powers. I realize that executors and trustees are given discretion by law to make various elections which affect the income and estate taxes payable by estates, trusts and beneficiaries, as well as the relative shares of beneficia- ties, such as taking administration expenses as deductions for either estate or income tax purposes, selecting options for the paymem of employee death benefits, electing to take qualified terminable interests as part of the marital deduction, selecting alternate valuation dates, postponing the payment of taxes, filing joint income tax or gift tax returns, allocating my exemption from generation- skipping tax, filing estimated income tax returns and making payments thereon, and redeeming corporate stock. The decisions made by my fiduciaries in any of these matters shall be binding upon, and not subject to question by, any affected persons. I rely upon my fiduciaries to take into consideration the total income and estate taxes payable by reason of their decisions, including those payable by my survivors, and they are authorized in their discretion, but not required, to make adjustments between income and principal as a result thereof. (23) Executor's Power to Bypass Trust. Any property, or portion thereof, given to the trustee of a trust idemified in this Will, which property pursuant to the terms of the trust would be immediately subjected to distribution upon receipt, may be distributed by my Executor directly to the beneficiaries of the trust in order to avoid the needless transfer of property to the trustee as a preliminary step to distribution to the ultimate beneficiaries. (24) Delegate Powers. Any individual Executor or Trustee from time to time may delegate in writing any of his or her powers and duties (whether such power and duties are discretionary or ministerial) and any of his or her discretion to any Co- Executor or Co-Trustee not precluded by law or this Will from exercising or discharging that power, duty, or discretion, and may revoke the delegation at any time. (25) Additional Powers. To do all other acts and things necessary or appropriate in the management, administration and distribution of my estate or trust, and to execute and deliver necessary instruments and give full receipts and discharges. 03) Limitations on Powers. Any individual fiduciary hereunder (1) shall have no incidem of ownership or power or discretion with respect to any policy of insurance upon such individual's life, (2) shall have no power or discretion with respect to the allocation or distribution of assets to the extent that such would discharge such fiduciary's legal obligation to support any beneficiary, or directly or indirectly benefit such fiduciary unless necessary to provide for such fiduciary's health, support, maintenance and education, considering such fiduciary's other resources, and (3) shall have no other power or discretion which would be deemed a general power of appointment under Section 2041 of the Internal Revenue Code unless such fiduciary has such power in other than a fiduciary capacity. (C) Special Trustee. If for any reason a Trustee is unwilling or unable to act as to any property or any decision hereunder, such individual or qualified corporation as the Trustee shall from time to time designate in writing shall act as Special Trustee as to that property or decision; provided that the individual or corporate Special Trustee is not related or subordinate to the Trustee (within the meaning of Section 672(c) of the Internal Revenue Code). Each Special Trustee shall have the powers delegated by the Trustee. (D) Waiver of Bond; Exculpatiova No bond shall be required of any fiduciary hereunder in any jurisdiction. No fiduciary hereunder shall have any liability for any mistake or error of judgment made in good faith. (E) Incapacity of Fiduciary. For purposes of this instrument, a fiduciary shall be deemed to be "unable" to serve during any period in which, in the opinion of such fiduciary's attending physician, such fiduciary is not able, because of illness, injury or any other cause, to manage his or her property or financial affairs; the physician's opinion shall be delivered in writing to the successor fiduciary. (F) Compensation of Fiduciaries. My corporate fiduciary shall be entitled to compensation in accordance with its schedule of fees in effect at the time when its services are provided. NINTH: Payment of Death Taxes. I direct that all estate, inheritance and other taxes in the nature thereof, together with any interest and penalties thereon, becoming payable because of my death with respect to the property constituting my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid fi:om the principal of my residuary estate; and no person receiving or having a beneficial interest in any such property whether under this Will or otherwise, shall at any time be required to contribute to or refund any part thereof; PROVIDED, however, that this direction shall not apply to the taxes on any property included in my estate solely because of a power of appointmem thereover which I possess but have not exercised or on any qualified terminable interest. TENTH: General Provisions. (A) Adopted Children. For the purposes of this Will, adopted children shall be considered the natural children of the adopting parents, provided that such child was a minor on the date of adoption. 03) Definition of Minor. For the purposes of this Will, the term "minor" shall mean any person who has not reached the age of twenty-one (21) years. (C) Provision for Minor Beneficiary. If any beneficiary other than any of my children or grandchildren entitled to a share hereunder is under the age of twenty- one (21) years, the Trustee may deliver such share to any individual or corporation selected by the Trustee, including the Trustee, as Custodian for him or her under an appropriate Uniform Girls or Transfers to Minors Act. (D) Protection fi:om Creditors. The interest of any beneficiary hereunder, including a remainderman, in Income or principal, shall not be subject to assignment, alienation, pledge, attachment or claims of creditors until after payment has actually been made by the Trustees as hereinbefore provided. (E) Disposition of Accrued Income. Onthe deathofany income beneficiary, any income accrued or received after the last regular income payment date shall be treated as accruing after the beneficiary's death. received in shares principal, regardless of the distributing corporation. (F) Corporate Stock Distributions. Corporate distributions of the distributing corporation or another corporation shall be allocated to number of shares and however described or designated by the (G) Per Stirpes. Whenever assets are to be allocated to the descendants of a person in shares "per stirpes", such assets shall be divided into equal shares, one for each then living child of such person and one such share for each deceased child of such person who has descendants then living. Any such deceased child's share shall then be allocated to such child's descendants in shares per stirpes in accordance with the preceding sentence. (H) Number and Gender.. As used in this Will, the singular may include the plural and the plural the singular, and the use of any gender shall be applicable to all genders. 10 (I) Headings for Reference Only. The headings preceding the text hereof have been inserted for convenience and reference only and shall not be construed to affect the meaning, construction, or effect of this Will. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~P~m~ ~ ,2000. __ day of Signed, sealed, published and declared by BARBARA J. FRESSIE, the Testator above named, as and for her Will in the presence of us, who at her request, in her presence and in the presence of each other, have hereunto subscribed our names as witnesses hereto. Address: 11 ACKNOWLEDGMENT AND AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) ) COUNTY OF ALLEGHENY ) SS.' We, BARBARA J. FRESSIE, the Testator, and the witnesses, whose names are signed to the foregoing Will, being first duly sworn according to law, do depose and say that the Testator signed and executed the foregoing instrument as her Will, that she signed willingly, that she executed it as her f~ee and voluntary act for the purposes therein expressed, that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witnesses and that to the best of the knowledge of each of them the Testator was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. BARBARA J. FRES~IE /~o~' ~ /f~. ~~ (Witness, Testator, and subscribed Subscribed, sworn to and acknowledged before me BARBARA J. FRESSIE, the and sworn to before me by //~Fi [531-i f'~. ~D,~q°f_] and , witnesses, this qr~ __ day of 5eP-r,~tnt~.,q, 2000. Notary Public / ' - Notarial Seal Donald W. Johnston Notary Public HamPton Twp., AIl~'ghsny County My Commission Expires, Nov. 2, 2003 Member, Penrt~ylv~nia ASSoci~n ~ Nel=ries Register of Wills of Cumberland County, Pennsylvania INVENTORY Estate of Barbara J. Fressie No. 2002-003?0 also known as , Dec, eased Date of Death March 29, 2002 Social Security No. 382-40-2941 I, Jennifer Patton Clancy, Personal Representative of the above Estate, deceased, verify that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this inventory. I vedfy that the statements made in this Inventory are true and correct. I understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unswom falsification to authorities. Name of Attorney: Stanley A. Smith, Esquire I.D. No.: 33782 Address: Rhoads & Sinon LLP, P.O. Box 1146 Harrisburg, PA 17108-1146 Telephone: (717) 233-5731 Personal Representative: J[/nnifer Pa{ton Clancy, Executrix Dated: See attachment Description (Attach Additional Sheets if necessary) Value $79,462.18 Total: $79,462.18 NOTE: The Memorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative, include the value of each item, but such figures should not be extended into the total of the Inventory. Form RW-7 (Dauphin County - Rev. 9/92) 453963.1 Barbara J. Fressie Estate Inventory Valued as of Date of Death Cash & Cash Equivalents PSECU Checking Account PSECU Savings Account 4,823.73 33.97 Total Cash & Cash Equivalents 4,857.70 Tangible Personal Property Household and personal property Total Tangible Personal Property 2,555.00 2,555.00 Miscellaneous BOSCOV'S, refund of overpayment on credit card account State Farm Insurance, proceeds payable on account of Chevrolet totalled in accident before decedent's death (1/2 joint check) Erie Insurance Company, insurance proceeds payable for personal property damaged in auto accident before death Erie Insurance Company, reimbursement for hotel expense relating to auto accident before death Money orders in possession of decedent Harrisburg School District, decedent's final paycheck Ingersoll-Rand Prorated pension payment Sears, Refund of overpayment on credit card account 26.54 872.93 1,450.00 96.12 25.00 3,608.72 574.02 200.00 Page 1 (1) Estate Inventory Miscellaneous State Farm, auto insurance refund Central PA Hematology & Medical Oncology Refund of overpayment on account Monumental Life Insurance Company Refund, life insurance policy Washington Mutual, Refund of premiums for discount membership in National Homeowner's Group Total Miscellaneous 171.94 50.00 108.68 290.00 $ 7,473.95 Real Property Residence (townhouse) located at 1133 Nanroc Drive, Mechanicsburg, PA 17055, more particularly described in Deed Book 162, Page 1103, in the Office of the Recorder of Deeds in Cumberland County, Pennsylvania. Valued per sale contract price, which was calculated by averaging two appraisals and deducting 6%, giving the purchaser the advantage of the discount because no broker was involved 64,155.00 No. of Shares Total Real Property Mutual Funds Franklin Templeton Investments 420.53 64,155.00 Total Mutual Funds Total Inventory 420.53 $ 79,462.18 Page 2 (2) Name of Decedent: Date of Death: Will No. To the Register: CERTIFICATE OF NOTICE UNDER RULE 5.6(a) BARBARA J. FRESSIE MARCH 29, 2002 2002-00370; PA No. 21-02-0370 I certify that notice of estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on April 15, 2002. Name Address Jennifer P. Clancy 1480 Wyndham Drive South York, PA 17403 Sheri Patton 1.00 N. 20th Street Camp Hill, PA 17011 Kamela Patton 2715 Tigertail # 107 Miami, FL 33133 Jennell Patton 1530 Mifflin Street, Apt. 2 Huntingdon, PA 16652 Notice has now been given to all persons entitled thereto under Rule ~6(a) except Date: April 15, 2002 Signature: [. ( ) .v/ L/[_/L/LT'~ Name: ~~_~v/A. Smith, EsquireN~ Address: Rhoads & Sinon LLP ,.c~ P.O. Box 1146 ~':~ Harrisburg, PA 17108 ~: Telephone: (717) 233-5731 Capacity: (X) Counsel for Personal Representative 426124.1 4a 819750817696 [-: FedEx Pri0riW Overnight i FedEx Standard Overnight 1 From ThispordoncanberemovediorRecipient'smcmds. Date 4 / 0/0 2 FedExTracking Number Lu ~m Sender's ,~ ~' Phone §epUFIoor/Suite/Room 2 Your Internal Billing Reference 3 1o Recipient's ?lAitY C. L[.,Hi$~ REG1STEE ,DF ~,~ILLS Name Phone ~ompany Address c~ CA&LI.~JLL State l'f, ZIP L · FedEx 2Day* [ FedEx Express Saver* Second business day Third ~usiness day FedEx 2Day Freight FedEx 1Day Freight* [ ~:'~ FedExEnvelope/Letter* · FedEx Pak* Speci.,~ Handling SA1URDAYDelivery ~ SUNDAYDelive~ r iHOLDWeel ~ Available lot FedEx Prior~/ ~ Available for FedEx Priority L~ at FedEx Lo Overnight and FedEx 2Day Overnight to sale ct ZIP codes to select ZIP codes Does this shipmerA contain dangerous goods? No ~ Yes ~ Yes [~ DD~ 7 Payment Billm: ~ Sender [~ Recipient [~ Third Party [] Ci Acct NO in Sechon Total Pa~ Total Weight g tour lia bilrty is limited to $100 unless you declare a higher value. See t~e FedEx Se~ic~ 8 ReleGse Signature Signmauthonzedehveryw~outebtalnl~gsignature By signing you authorize us to deliver this shipmemwithout obtaining a sign~ and agree to indemnify and hold us harmless flora any resul~ng claims. Oueetions? Call 1.800.Go. FedEx' (800-463-3339) ViMt our W~b ~it~ at w~.~.fedex.com SRS tOO,Rev Oa~e 8/99,Part ~154813S,©100~99 Fe~Ex,P~NTED IN U SA ROBERT H. LONG, SHERILL T. MOYER .1AN P. PADEN RICHARD B. WOOD LAWRENCE B. ABRAMS III 3. BRUCE WALTER [OHM P. MANBECK FRANK 3. LEBER PAUL A. LUNDEEN ,1ACK F. HURLEY, 3R. DAVID B. DOWLING DAVID F. O'LEARY DAVID O. TWADDELL CHARLES .1. FERRY STANLEY A. SMITH 3EMS H. DAMGAARD2 DRAKE D. NICHOLAS THOMAS A. FRENCH DEAN H. DUSINBERRE DONNA M.]. CLARK CHARLES E. GUTSHALL PAUL F. WESSELL SHAWN D. LOCHINGER .1AMES H. CAWLEY DEAN F. PIERMATTEI KENNETH L..1OELa DEBRA M. KRIETE TODD .1. SHILL DAVID M. BARASCH LORI .1. McELROY THOMAS .1. NEHILLA KEVIN M. GOLD CARL D. LUNDBLAD ]AMES E. ELLISON RICHARD E. ARTELL ROBERT .1. TRIBECK TIMOTHY .1. NIEMAN PAUL .1. BRUDER, .IR.4 .1OANNE BOOK CHRISTINE AMY .1. MENDELSOHNz MICHAEL W. WINFIELD~ KATHRYN G. SOPHY~ STEPHANIE E. DIVI'FFORE KATHLEEN D. BRUDER4's ~OHN M. COt.F.S HEATHER Z. KELLY 3AMES ]. 3ARECKI JENNIFER ZIMMERMAN ALSO ADMITTED TO THE DISTRICT OF COLUMBIA BAR ALSOADMITTED TOTHEFLORIDA BAR ALSOADMITTED TOTHEMARYLAND BAR ALSO ADMITTED TO THE NEW JERSEY BAR ALSO ADMITTED TO THE NEW YORK BAR ]~IIOAD9 &SINON LLP ATTORNEYS AT LAW TWELFTH FLOOR ONE SOUTH MARKET SQUARE P.O. BOX 1146 HARRISBURG, PA 17108-1146 TELEPHONE (717) 233-5731 FAX (717) 232-1459 EMAIL ydurham@rhoads-sinon.com W E B S ! T E: www.rhoads-sinon.com December __, 2002 Re: Estate of Barbara J. Fressie Date of Death: March 29, 2002 Your File # 0370 of 2002 OF COUNSEL HENRY W. RHOADS RETIRED FRANK A. SINON .1OHM C. DOWLING PAUL H. RHOADS 1907-1984 JOHN M. MUSSELMAN 1919-1980 CLYLE R. HENDERSHOT 1922-1980 DIRECT DIAL NO. (717) 231-6677 FILE NO. 4439/02 Cumberland County Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, PA 17013 Dear Sir or Madam: Enclosed are the following in connection with the above-captioned Estate: ° Insolvent Pennsylvania Inheritance Tax Return, in duplicate. Inventory. Check in the amount of $26.00 in payment of your filing fee ($10 filing fee for insolvent return; $16 filing fee for Inventory of 3 pages). A copy of this letter, with the first page of Return attached, which we ask that you time stamp and remm to us. Self-addressed stamped envelope for your use in returning time-stamped copies to US. Should you have any questions regarding the enclosed, please do not hesitate to contact the undersigned. Very truly yours, RHOADS &SINON LLP By: Y/;,O~(ne R. Durham Long'al Assistant Enclosures 455540.1 YORK: AFFILIATED OFFICE: LANCASTER: STE. 203, 1700 S. DIXIE HWY, BOCA RATON, FL 33432 TELEPHONE (717) 843-1718, FAX (717) 232-1459 TELEPHONE (561) 305-5595, FAX (561) 395-9497 TELEPHONE (717) 397-4431, FAX (717) 232-1459 ?~=V.. 1500 EX + (6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV- 1500 INHERITANCE TAX RETURN RESIDENT DECEDENT DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) OFFICIAL USE ONLY FILE NUMBER 21 02 0370 COUN'F%' CODE YEAR NUMBER SOCIAL SECURITY NUMBER Fressie Barbara J 382 -40 -2941 DECE- DENT DATE OF DEATH (MM-DD-YEAR) I DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPUCATE 03/29/2002 I 05/05/1941 WITH THE REGISTER OF WILLS (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER CHECK APPRO- PRIATE BLOCKS CDR- RE- ~PON D_~'NT NAME Stanley A. Smith, Esquire 3. Remainder Return 1. Original Return [~ 2. Supplemental Return r'] (date of death prior to 12-13-82) 4. Umited Estate ~ 4a. Future Interest Compromise (_date of death after 12-12-82) 5. Federal Estate Tax Return Required 6. Decedent Died Testate 7. (_Attach a copy of Trust) 0 8. Total Number of Safe Deposit Boxes (Attach copy of Will) Decedent Maintained a Living Trust 9. Litigation Proceeds Received 10. Spousa112_31.glPOVertYand I-I-ss)Credit (date of death between , , (Attach Sch O) r-~ 11. Election to tax under Sec. 9113(A) FIRM NAME (If Applicable) Rhoads & Sinon LLP RECA- PITULA- TION TAX COMPU- TATION TELEPHONENUMBER 717-233-5731 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (5) 6. Jointly Owned Property (Schedule F) ~-] Separate Billing Requested (6) 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) (7) COMPLETE MAILINGADDRESS One S. Market Sq., P. O. Box 1146 Harrisburg, PA ~17108-1146 64,155. oo 420.53 0.00 0.00 14,886.65 105.26 0.00 8. Total Gross Assets (total Lines 1-7) (8) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 18, B 65. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 78,182. 11. Total Deductions (total Lines 9 & 10) (11) 12. Net Value of Estate (Line 8 minus line 11) (12) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax (13) has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Une 13) (14) 85 52 OFFICIAL USE ONLY 79,567.44 97,048.37 (17,480.93) 0.00 (17,480.93) 15. 16. SEE INSTRUCTIONS ON PAGE 2 FOR APPLICABLE RATES Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9118 (aX1.2) Amount of Line 14 taxable at lineal rate Amount of Line 14 taxable at sibling rate Amount of Line 14 taxable at collateral rate Tax Due 0.00 x.0 00 (15) 0.00 0.00 x.0 0.045 (16) 0.00 17. 0.00 x.12 (17) 0.00 18. 0.00 x.15 (18) 0.00 19. (1~) 0.00 0 PA15001 NTF 29755 Copyright 2000 Greatland/Nelco LP - Forms Software Only PA REV-1500 EX (6-00) Decedent's Complete Address: Page 2 STREETADDRESS 1133 Nanroc Drive I ST^TE I Mechanicsbur~ PA 17055 Tax Payments and Credits: 1. Tax Due (Page I Uae 19) (1) 2. Credits/Payments A. Spousal Poverty Credit 0.00 B. Prior Payments 0 o 0 0 C. Discount 0.00 0.00 Interest/Penalty if applicable D. Interest E. Penalty Total Credits (A + B + C) (2) 0.00 0.00 0.00 Total Interest/Penalty (D + E) (3) If Une 2 is greater than Une I + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page I Une 20 to request a refund (4) 5. If Line I + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.0 0 ,~ A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (59) 0.00 0.00 0.00 0.00 , Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ....................................... ~ 1 b. retain the right to designate who shall use 1fie property transferred or its income; ................. c. retain a reversionary interest; or ........................................................ d. receive the promise for life of either payments, benefits or care? .............................. 2. If death occurred after December 12, 1982. did decedent transfer property within one year of death wi~out receiving adequate consideration? ................................................... ~ ~:~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................ B g IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Unde,r Renal*des of perjury, I declare that I have examined l~,is returnL including a,ccompan~ng schedules and statement, and. to the best of my kn. ow. leoge and .behef, it !s true., c. orrect and complete. Declaration ot preparer omar ~an me personal representative is oaseo on information of wnicn preparer nas any Knowleoge. SIGNATURE OF. PERSON RESPONSIBLE FOR FLUNG RETURN DATE ¢/oRhoads & Sinon LLP, P. O. Box 1146 Harrisbur~, PA DATE 17108-1146 SIGNATU RE ~~4~ E R T~A..~EPRESENTATIVE ^ REss > '" Rhoads & S-~non LLP, P. O. Box 1146 Harrisburg, PA 17108-1146 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. ~ g 118 [a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate is imposed on the net value of transfers to or for the use of the surviving spouse is 0°/6 [72 P.S. ~ 9118 (a) (1.1) (ii)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even If the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 99116(aXl.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedenrs lineal beneficiaries is 4.5%, except as noted in 72.P.S. I 9111~1.2) [72 P.S. 19118(aX1~]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 19116(aXl.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 0 PA15002 NTF 29756 Copyright 2000 Greatland/Nelco LP - Forms Software Only REV- 1502 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Barbara J. Fressie 21 02 0370 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NO. DESCRIPTION OF DEATH 1. Residence (townhouse) located at 1133 Nanroc Drive, Mechanicsburg, PA 17055, more particularly described in Deed Book 162, Page 1103, in the Office of the Recorder of Deeds in Cumberland County, Pennsylvania. Valued per sale contract price which was calculated by averaging two appraisals and deducting 6%, giving the purchaser the advantage of the discount because no broker was involved. Copies of appraisals attached. TOTAL (Also enter on line 1, Recapitu!~tio~ $ (If more space is needed, insert additional sheets of the same size) 9 PA15021 NTF 10871 Copyright 1999 Greatland/Nelco LP - Forms Software Only 64,155.00 64,155.00 REV-1503 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF Barbara J. Fressie RLENUMBER 21 02 0370 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NO. 11. DESCRIPTION Franklin Templeton Investments TOTAL (Also enter on line 2, Recapitulation) VALUE AT DATE OF DEATH 420.53 420.53 (If more space is needed, insert additional sheets of the same size) 9 PA15031 NTF 10872 Copyright 19gEl Greatland/Nelco LP - Forms Software Only REV-1508 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF ~ILE NUMBER Barbara J. Fressie 21 02 0370 Include proceeds of litigation & date proceeds were received by the estate. All prop. Jointly-owned with right of survivorshl 3 must be disclosed on Sch. F. ITEM NO. 11. 10 11 DESCRIPTION BOSCOV'S, refund of overpayment on credit card account State Farm Insurance, proceeds payable on account of Chevrolet totaled in accident before decedent's death (1/2 joint check) Household and personal property Valued per attached Memorandum. Erie Insurance Company, insurance proceeds payable for personal property damaged in auto accident before death Erie Insurance Company, reimbursement for hotel expense relating to auto accident before death Money orders in possession of decedent Harrisburg School District, decedent's final paycheck Ingersoll-Rand Pension payment prorated to date of death PSECU Checking Account PSECU Savings Account Sears, Refund of overpayment on credit card account Total from continuation pa~es TOTAL (Also enter on line 5, Re¢~_pitulafion) VALUE AT DATE OF DEATH 26.54 872.93 2,555.00 1,450.00 96.12 25.00 3,608.72 574.02 4,823.73 33.97 200.00 620.62 14,886.65 (If more space is needed, insert additional sheets of the same size) 9 PA15081 NTF 10878 Copyright lg99 Greatland/Nelco LP - Forms Software Only Schedule E (Page 2) Estate of: Barbara J. Fressie Item No. Description 12 State Farm, auto insurance refund 13 Central PA Hematology & Medical Oncology Refund of overpayment on account 14 Monumental Life Insurance Company Refund, life insurance policy 15 Washington Mutual, Refund of premiums for discount membership in National Homeowner's Group Value at Date of Death 171.94 50.00 108.68 290.00 Total (Carry forward to main schedule) 620.62 REV- 1509 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY E~/ATE OF ~LE NUMBER Barbara J. Fressie 21 02 0370 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO D_FC~_nENT A. Jenell Patton 1530 Mifflin Street, Apt. 2, Huntingdon, PA 16652 Daughter JOINTLY-OWNED PROPERTY: DESCRIPTION OF PROPERTY LETTER DATE Include name of financial ins~tutJon and bank % OF DATE OF DEATH ITEM FOR MADE JOINT account number or similar idenfifljin9 number. DATE OF DEATH DECD'S VALUE OF NO. TENANT JOINT Attach deed for jointhjoheld real estate. VALUE OF ASSET INTEREST DECEDENT'S INTERNS; 11. AA. 06/24/1991 South FL Educational Credit Union Account 117.00 50. 000 58.50 2 A 04/15/1991 American Funds 93.52 50.000 46.76 TOTAL (Also enter on line 6, Recapitulation) $ 105.26 NTF 10876 (If more space is needed, insert additional sheets of the same size) Copyright 1999 Greatland/Nelco LP - Forms Software Only REV-1510 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF ~LE NUMBER Barbara J. Fressie 21 02 0370 This schedule must be completed and filed if the answer to any of questions I throu~h 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY % OF INCLUDE NAME OF THE TRANSFEREE, THEIR ITEM RELATIONSHIP TO DECD & DATE OF TRANSFER. DATE OF DEATH DECD'S EXCLUSION TAXAB~ VALUE NO. ATTACH COPY OF THE D~ FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICAB~) 11. Decedent owned a retirement account with the Pennsylvania Public School Employees' Retirement Fund, having a date of death balance of $263,918.08. The beneficiaries on the account are decedent's four children. Said account is exempt from Pennsylvania Inheritance Tax under 24 PA C.S.A. 8533. 0.00 100.000 0.00 0.00 TOTAL ~1~ en~ronlineT, Recap~l~on) $ 0.00 9 PA15101 NTF 10877 (If more space is needed, insert additional sheets of the same size) Copyright 1888 Greatland/Nelco LP - Forms Software Only REV-1511EX + (1-97) COMMONWEALTH OF' PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ~&¥ATE OF Barbara J. Fressie FILE NUMBER 21 02 0370 Debts of decedent must be reported on Schedule I. DESCRIPTION ITEM NO. A. 1. 2 FUNERAL EXPENSES: Christ Community Church Pastors' honorarium for funeral service Malpezzi Funeral Home Funeral and burial expense ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s)/EIN No. of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: Attorney Fees Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Stare Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees Cumberland Law Journal Advertising grant of letters The Patriot-News Classified advertisement The Patriot-News Advertise grant of letters Total from continuation pa~es TOTAL (Also enter on line 9, Recapitulation $ (If more space is needed, insert additional sheets of the same size) 9 PA15111 NTF 10878 Copyright 1999 Greatland/Nelco LP - Forms Software Only AMOUNT 260.00 6,940.00 2,500.00 168.00 75.00 8.00 125.71 8,789.14 18,865.85 Schedule H part 2 (Page 2) Estate of: Barbara J. Fressie Item No. Description Amount 4 10 11 12 Erie Insurance Co. Real property insurance, townhouse Estimated closing costs for sale of Townhouse: Seller's costs 3,000.00 MC Walker Realty 1,200.00 Jennifer Patton Clancy, reimbursement, Executrix' expenses as follows: Office supplies Postage expense Film & developing York County, filing fee Phone & fax lines (thru 8/26) Cell phone (thru 8/26) Mileage (thru 8/26) Reserve for final exp. 161.51 144.08 29.35 10.00 428.85 126.80 241.63 500.00 MC Walker Realty Appraisal fee, townhouse Mellon Bank Estate checks (12.92) and returned check fee (10.00) PennDot Vehicle title requests Townhouse expenses: Screen door repair 36.97 Carpeting bedrooms 1,127.00 Less: Carpet upgrade check from renters (68.08) Blinds, paint, labor 398.50 Fees, June & July 136.00 Vern Martin, CPA Estimated tax preparation fees for 2002 taxes Vern Martin, CPA Tax preparation fees for 2001 income tax returns 222.00 4,200.00 1,642.22 100.00 22.91 45.00 1,630.39 210.00 210.00 Total (Carry forward to main schedule) 8,282.52 Schedule H part 2 (Page 3) Estate of: Barbara J. Fressie Item No. Description 13 Waste Management Dumpster rental and pickup expense Amount 506.62 Total (Carry forward to main schedule) 506.62 REV-1512 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FILE NUMBER Barbara J. Fressie 21 02 0370 Include unreimbursed medical expenses. AMOUNT ITEM NO. 3 4 8 10 11 12 DESCRIPTION Bon Ton Balance due on charge account Discover Card Balance due on credit card account MBNANEA Balance due on credit card accou/~t MBNA Sigma Kappa Balance due on credit card account PSECU Balance due on line of credit account Erie Insurance Co. Deductible owed for decedent's auto accident before death Holy Spirit Hospital Balance due Joseph Olivetti, DDS Balance due Keystone Urology Balance due Lower Allen EMS Balance due Orthopedic Institute of Pennsylvania Balance due West Shore EMS Balance due Total from continuation pages TOTAL (Also enter on line 10, Recapitulation) 163.58 6,473.38 10,221.85 4,356.89 8,582.36 500.00 79.08 125.00 20.00 407.50 10.00 74.55 47,168.33 78,182.52 9 PA151;~1 NTF ~0S?4 (If more space is needed, insert additional sheets of the same size) Copyright lggg Greatland/Nelco LP - Forms Software Only Schedule I (Page 2) Estate of: Barbara J. Fressie Item No. Description 13 One-half proceeds due Jenell Patton due to joint ownership of Chevrolet automobile totalled before decedent's death 14 15 Law Offices of JPC Services rendered before death Revised Health Care Power of Attorney Mortgage balance due on decedent's Townhouse at date of death 16 17 18 Townhouse assessments Outstanding at death 2001 Income Taxes due (fed/state/local) Estimated 2002 Taxes owed (federal, state, local) 19 Cell Phone Balance due 20 Local/long distance phone Balance due 21 PP&L Balance due 22 United Water of PA Balance due 23 Upper Allen Township Balance due During decedent's last illness, her four daughters paid personal and household expenses on behalf of their mother. The following reimbursements represent each person's contribution during that time: 24 Jenell Patton Expense reimbursement Total (Carry forward to main schedule) Amount 872.93 75.O0 35,551.55 304.00 718.98 700.00 184.71 457.06 404.38 93.19 206.59 580.26 40,148.65 Estate of: Barbara J. Fressie Item No. Description 25 Jennifer Patton Clancy Expense reimbursement 26 Kamela Patton Expense reimbursement 27 Sheri Patton Expense reimbursement Schedule I (Page 3) Amount 1,390.17 4,317.51 1,312.00 Total (Carry forward to main schedule) 7,019.68 REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE J BENEFICIARIES Barbara j. Fressie NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I TAXABLE DISTRIBUTIONS [include ou~icjht spousal dislributions, and ~'ansfers under Sec. 9116 (a) (1.2)] Insolvent Estate FILE NUMBER 21 02 0370 RELATIONSHIP TO DECEDENT Do Not Ust Trustee(s) AMOUNT OR SHARE OF ESTATE OLLAR AMTS. FOR DISTRIBS. SHOWN ABOVE ON UNES 15 THROUGH 18 AS APPROPRIATE ON REV-1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: 1. A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -- ENTER TOTAL NON-TAXABLE DISTRIBS. ON LINE 13 OF REV-1500 COVER SHEET (If more space is needed, insert addi~onal sheets of the same size) 0.00 0 PA15131 NTF 33293 Copyright 2000 Greatland/Nelco LP - Fo,'ms Software Only EXHIBIT WILL I, BARBARA J. FRESSIE, of the County of Cumberland and Commonwealth of Pennsylvania, do make this my Will, hereby revoking any and all Wills and Codicils at any time heretofore made by me. FIRST: Payment of Expenses. I direct that the expenses of my last illness and funeral be paid out of my estate as soon as may be convenient after my death. SECOND: Tangible Personal Property. (A) Memorandum. I may leave among my personal papers a memorandum identifying certain items of my tangible personal property for distribution at my death to one or more persons, including family members and personal friends. I do hereby incorporate said memorandum by reference as a part of my Will and direct my Executor to make distribution of the items listed thereon in accordance therewith. If no such memorandum is found within thirty (30) days alter the date of my death, it shall be conclusively presumed that no such memorandum exists, even if such memorandum is thereafter discovered. I do hereby expressly relieve my Executor and any other personal representative from any liability whatsoever to anyone having any interest in my estate for complying with the provisions of any such memorandum, and my estate shall indemnify them against any claims or expenses, including counsel fees and any surcharge, arising out of their complying with the provisions of such memorandum. 03) Other Tangible Personal Property. I give and bequeath any remaining items of my personal effects, including without limitation, automobiles, boats, library, records, household goods and furnishings of all kinds, silverware, objects of art, clothing and jewelry, which I may own at the time of my death and which are not distributed by the terms of any above-described memorandum, together with any insurance policy thereon, to my children SHERI PATTON, KAMELA PATTON, JENNIFER PATTON CLANCY, and JENELL PATTON who survive me, so much of said property as they may each select and any items that my children do not select shall be sold and the proceeds distributed as part of the rest of my estate. THIRD: Residue. For reasons known by my daughter, SHERI PATTON, I give no portion of the residue of my estate to her or her issue. Excepting my daughter, SHERI PATTON, all the residue of my estate shall be divided into as many shares as I have children then living and deceased children with descendants then surviving. The share of each living child shall be distributed to such child, the share of each deceased child shall be distributed to his or her descendants, per stirpes, subject to the provisions of Article FOURTH below. FOURTH: Trust for My Grandchild. The share of any grandchild of mine shall be distributed to my daughter, KAMELA PATRON, to be held in tmst and distributed as follows: (A) During the Lifetime of My Grandchild. During the lifetime of each grandchild, the Trustee shall pay the Income of his or her trust in quarter-annual or more fxequent installments to or for the benefit of my said grandchild and may expend in addition such sums from principal as the Trustee considers advisable, in view of other readily available funds of which the Trustee has knowledge, to provide for the health, comfortable support and maintenance of my said grandchild and his or her children, if any, including educational and funeral expenses; PROVIDED, however, that prior to my said grandchild's twenty-first (21 st) birthday, the Trustee may add to principal and invest as such any Income which the Trustee considers not to be needed for such purposes; and PROVIDED, further, that after his or her twemy-fifth (25th) birthday, my said grandchild may withdraw one-half (1/2) of the principal of his or her trust; after his or her thirtieth (30th) birthday or twenty-one (21) years after the death of the survivor of all of my descendants living at my death, whichever date fa'st arrives, my said grandchild may withdraw any or all of the principal of his or her trust. (B) Upon the Death of My Grandchild. Upon the death of each grandchild, if his or her trust has not already terminated, or upon the division into shares under Article THIRD above in the case of a grandchild who is not then living, the principal of my said grandchild's share, or so much thereof as may then remain, shall be distributed oUtright to or on further trust for such one or more of my descendants, other than his or her own estate, as my said grandchild directs by specific reference to this power of appointment in his or her Will; PROVIDED, however, that my said grandchild may appoint any portion that he or she could have withdrawn before death in favor of anyone. Any unappointed portion shall be paid, per stirpes, to his or her then-living descendants, or if he or she has none, to the then-living descendants of his or her parent who was my child, the share of any other grandchild of mine is to be added to his or her separate trust hereunder if it is still in existence. FIFTH: Disposition If No Descendants. IfI have no other descendants living at the death of the survivor of my daughters KAMELA PATRON, JENNIFER PATRON CLANCY, JENELL PATRON, and me, any remaining unappointed principal shall be distributed to my daughter SHERI PATRON if she survives me. If SHERI PATTON does not survive me, any remaining unappointed principal shall be distributed to those persons who would have been entitled 3 thereto if I had died at that time intestate, unmarried and domiciled in the Commonwealth of Pennsylvania. SIXTH: Successor Trustee. If my daughter, KAMELA PATTON, is unable or unwilling to serve as Trustee, my daughter, JENELL PATTON, shall serve as Trustee in her place. SEVENTH: Appointment of Executor. I appoint my daughter, JENNIFER PATRON CLANCY, as Executor of this my Will. If JENNIFER PATTON CLANCY is unable or unwilling to serve or to continue to serve as Executor, then my daughter, KAMELA PATTON, shall serve as Executor in her place. EIGHTH: Provisions Applicable to Executor and Trustee. (A) General Powers of Executor and Trustee. My Executor and Trustee and their successors shall have the following powers, in addition to those now or hereafter conferred by law, to be exercised by them in their absolute discretion, which powers shall be applicable to all property held by them, effective without the order of any court: (1) Retain Assets. To accept in kind and retain any or all property received Ii:om me, my estate, or firom any other source, regardless of non-productivity and without diversification. (2) Investmems. To invest and reinvest in any kind of property, real or personal, without being limited by any statute or rule of law concerning investments by fiduciaries; and to make joint investments for any trusts having the same trustee, allocating to each trust a proportionate undivided interest in such investments and dividing the income proportionately among them. (3) Sell and Exchange. To sell, exchange, grant options to acquire any property at public or private sale and at times and prices and on terms and conditions (including credit) as they may determine. 4 (4) Manage Securities. To exercise in person or by proxy all voting and other rights, powers, and privileges and to take all steps to realize all benefits with respect to stocks or other securities and to enter into, oppose, alone or with others, voting trusts, mergers, consolidations, foreclosures, liquidations, reorganization, or other changes in the financial structure of any corporation or other entity. (5) Manage Other Property. To manage, operate, control, repair, and improve real and personal property, and to lease real estate and other property upon such terms and for such period as they deem advisable though commencing in the future or extending beyond the term of any trust, and to take any other action with respect to any real or personal property which an individual owner thereof could take. (6) Stock Options. To exercise any stock options which they may receive. (7) Nominee Registration. To register investments in the name of a nominee or to hold the same unregistered in such form that they will pass by delivery. (8) Borrow and Mortgage. To borrow money from any fiduciary or fi.om any other source, to extend or renew any indebtedness upon such terms as they consider proper; and to secure the repayment thereof by mortgage of real or personal property, pledge of investments or otherwise. (9) Termination of Small Trusts. If any Trustee who is not a beneficiary considers the principal of any trust to be insufficient to warrant establishing or continuing the trust, such Trustee may pay the principal to the Income beneficiary or, if he or she is under the age of twenty-one (21) years, to a Custodian for him or her under an appropriate Uniform Girls or Transfers to Minors Act, to be selected by such Trustee. The receipts and releases of the distributees will terminate absolutely the rights of all persons who might otherwise have a future interest in the trust, whether vested or contingent, without notice to them and without the necessity of filing an account to the Court. (10) Lend. To make loans in such amounts, upon such terms, secured or unsecured, at such rates of interest, and to such persons or entities as they may deem advisable. (11) Compromise. To compromise any claim or controversy. (12) Disclaimers. To disclaim all or any portion of any interest in any property passing to or for me under any will, trust or otherwise. discretion. (13) Abandon Property. 5 To abandon any property in their (14) Principal and Income. To allocate receipts and expenses to principal or income or partly to each as they deem proper. (15) Distributions and Allocations. To make distributions in cash or in kind, or partly in each; to allocate different kinds or disproportionate shares of property or undivided interests in property or property having differem bases for Federal income tax purposes among the beneficiaries or separate trusts, without obligation to make compensating adjustments; and to determine the value of any asset. (16) Employ Agems. To employ and compensate such brokers, banks, custodians, investment counsel, accountants, attorneys, and other agents, and to delegate to them such of their duties, rights and powers, including, among others, the right to vote on shares of stock held by them, as they may determine, and for such periods as they think proper. (17) Business Interests. To carry on, alone or with others, any business in which I had an interest at my death for whatever period of time they shall deem proper, and to do any and all things they deem necessary or appropriate in connection therewith, with all of the powers of any owner with regard to the business, including the power to organize a partnership, corporation or other entity to conduct the business, to borrow and pledge assets as security for such borrowing, to delegate discretionary authority to others, to make additional investments in the business, to borrow and pledge assets as security for such borrowing, to distribute any part or all of any such business interest in kind, and to liquidate or sell any such business interest at such time and upon such terms as they shah determine. (18) Combine Trusts. To combine, without prior court approval, any trust herein with any other trust with substantially similar provisions, the same beneficiaries and the same trustee. (19) Divide Trusts. To divide (whether before or after a trust is funded), without prior court approval, any trust or any property which is used to fired or augment any trust herein into two or more fi.actional shares. Said shares shall be held and administered by the Trustees as separate shares with identical terms although the Trustees, in the sole discretion of the Trustees, may manage and invest separate trusts as one. (20) Insurance. To carry insurance against such risks and for such amounts, and upon such terms as they determine. (21) Transactions with Fiduciary. To deal with, purchase assets fi.om, or make loans to, any fiduciary of any trust established by my spouse or me or a trust or estate in which any beneficiary hereunder has an interest, though a fiduciary hereunder is the fiduciary. 6 (22) Other Discretionary_ Powers. I realize that executors and trustees are given discretion by law to make various elections which affect the income and estate taxes payable by estates, trusts and beneficiaries, as well as the relative shares of beneficia- ries, such as taking administration expenses as deductions for either estate or income tax purposes, selecting options for the payment of employee death benefits, electing to take qualified terminable interests as part of the marital deduction, selecting alternate valuation dates, postponing the payment of taxes, filing joint income tax or git~ tax returns, allocating my exemption from generation- skipping tax, filing estimated income tax returns and making payments thereon, and redeeming corporate stock. The decisions made by my fiduciaries in any of these matters shall be binding upon, and not subject to question by, any affected persons. I rely upon my fiduciaries to take into consideration the total income and estate taxes payable by reason of their decisions, including those payable by my survivors, and they are authorized in their discretion, but not required, to make adjustments between income and principal as a result thereof. (23) Executor's Power to Bypass Trust. Any property, or portion thereof, given to the trustee of a trust identified in this Will, which property pursuant to the terms of the trust would be immediately subjected to distribution upon receipt, may be distributed by my Executor directly to the beneficiaries of the trust in order to avoid the needless transfer of property to the trustee as a preliminary step to distribution to the ultimate beneficiaries. (24) Delegate Powers. Any individual Executor or Trustee fi'om time to time may delegate in writing any of his or her powers and duties (whether such power and duties are discretionary or ministerial) and any of his or her discretion to any Co- Executor or Co-Trustee n°t precluded by law or this Will from exercising or discharging that power, duty, or discretion, and may revoke the delegation at any time. (25) Additional Powers. To do all other acts and things necessary or appropriate in the management, administration and distribution of my estate or trust, and to execute and deliver necessary instruments and give full receipts and discharges. 03) Limitations on Powers. Any individual fiduciary hereunder (1) shall have no incident of ownership or power or discretion with respect to any policy of insurance upon such individual's life, (2) shall have no power or discretion with respect to the allocation or distribution of assets to the extent that such would discharge such fiduciary's legal obligation to support any beneficiary, or directly or indirectly benefit such fiduciary unless necessary to provide for such fiduciary's health, support, maintenance and education, considering such fiduciary's other resources, and (3) shall have no other power or discretion which would be deemed a general power of appointment under Section 2041 of the Internal Revenue Code unless such fiduciary has such power in other than a fiduciary capacity. (C) Special Trustee. If for any reason a Trustee is unwilling or unable to act as to any property or any decision hereunder, such individual or qualified corporation as the Trustee shall fi:om time to time designate in writing shall act as Special Trustee as to that property or decision; provided that the individual or corporate Special Trustee is not related or subordinate to the Trustee (within the meaning of Section 672(c) of the Internal Revenue Code). Each Special Trustee shall have the powers delegated by the Trustee. (D) Waiver of Bond; Exculpation. No bond shall be required of any fiduciary hereunder in any jurisdiction. No fiduciary hereunder shall have any liability for any mistake or error of judgment made in good faith. (E) Incapacity of Fiduciary_. For purposes of this instrument, a fiduciary shall be deemed to be "unable" to serve during any period in which, in the opinion of such fiduciary's attending physician, such fiduciary is not able, because of illness, injury or any other muse, to manage his or her property or financial affairs; the physician's opinion shall be delivered in writing to the successor fiduciary. (F) Compensation of Fiduciaries. My corporate fiduciary shall be emitled to compensation in accordance with its schedule of fees in effect at the time when its services are provided. NINTH: Payment of Death Taxes. I direct that all estate, inheritance and other taxes in the nature thereof; together with any interest and penalties thereon, becoming payable because of my death with respect to the property constituting my gross estate for death tax purposes, 8 whether or not such property passes under this Will, shall be paid from the principal of my residuary estate; and no person receiving or having a beneficial interest in any such property whether under this Will or otherwise, shall at any time be required to contribute to or refund any part thereof; PROVIDED, however, that this direction shall not apply to the taxes on any property included in my estate solely because of a power of appointment thereover which I possess but have not exercised or on any qualified terminable interest. TENTH: General Provisions. (A) Adopted Children. For the purposes of this Will, adopted children shall be considered the natural children of the adopting parents, provided that such child was a minor on the date of adoption. (B) Definition of Minor. For the purposes of this Will, the term "minor" shall mean any person who has not reached the age of twenty-one (21) years. (C) Provision for Minor Beneficiary_. If any beneficiary other than any of my children or grandchildren entitled to a share hereunder is under the age of twenty- one (21) years, the Trustee may deliver such share to any individual or corporation selected by the Trustee, including the Trustee, as Custodian for him or her under an appropriate Uniform Gills or Transfers to Minors Act. (D) Protection from Creditors. The interest of any beneficiary hereunder, including a remainderman, in Income or principal, shall not be subject to assignmem, alienation, pledge, attachment or claims of creditors until after payment has actually been made by the Trustees as hereinbefore provided. (E) Disposition of Accrued Income. On the death of any income beneficiary, any income accrued or received after the last regular income payment date shall be treated as accruing after the beneficiary's death. (F) Corporate Stock Distributions. Corporate distributions receiVed in shares of the distributing corporation or another corporation shall be allocated to principal, regardless of the number of shares and however described or designated by the distributing corporation~ (G) Per Stirpes. Whenever assets are to be allocated to the descendants of a person in shares "per stirPes'', such assets shall be divided into equal shares, one for each then living child of such person and one such share for each deceased child of such person who has descendants then living. Any such deceased child's share shall then be allocated to such child's descendants in shares per stirpes in accordance with the preceding sentence. (H) Number and Gender.' As used in this Will, the singular may include the plural and the plural the singular, and the use of any gender shall be applicable to all genders. 10 (I) Headings for Reference Only. The headings preceding the text hereof have been inserted for convenience and reference only and shall not be construed to affect the meaning, construction, or effect of this Will. IN WITNESS WHEREOF, I have hereunto set my hand and seal this qr'H ....~.e'Pr',~.e, ~',q ,2000. day of Signed, sealed, published and declared by BARBARA J. FRESSIE, the Testator above named, as and for her Will in the presence of us, who at her request, in her presence and in the presence of each other, have hereunto subscribed our names as witnesses hereto. I 11 ACKNOWLEDGMENT AND AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) ) ss: COUNTY OF ALLEGHENY ) We, BARBARA J. FRESSIE, the Testator, and the witnesses, whose names are signed to the foregoing Will, being first duly sworn according to law, do depose and say that the Testator signed and executed the foregoing instrument as her Will, that she signed willingly, that she executed it as her free and voluntary act for the purposes therein expressed, that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witnesses and that to the best of the knowledge of each of them the Testator was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. B ~A~ARA J. ~Q~S$IE /~t~ · /~/D~ (Witness) '~ ~c~~f(.~ (Witness) Subscribed, sworn to and acknowledged before me BARBARA J. FRESSIE, the Testator, and subscribed and swom to before me by , witnesses, this qr~t __ day of 5E-P-r~.tn,O~R, 2000. Noiar~Public / ' - Notarial Seal Donald W. Johnston, Notary Public HamPton Twp., Allegheny counW My Commission Expires Nov. 2, 2003 Member, penr~$ylvani~ AS~ ~ Nd~r~s 14 North Walnut Street Mechanicsburg, Pennsylvania 17055 Telephone (717) 697-9487 Fax Number (717) 697-9480 A SYMBOL OF REALTY EXCELLENCE OFFICIAL NOTICE COPY PAGE ONE (1) COMPARATIVE MARKET ANALYSIS FOR THE PROPERTY LOCATED AT: 1133 Nanroc Drive, Mechanicsburg, PA 17055 STREET MAILING ADDRESS, CITY, STATE, ZIP CODE Upper Allen---Mechanicsburg MUNICIPALITY ........ SCHOOL DISTRICT Act 112, effective November 25, 1999, is the only legislation in Pennsylvania that describes/defines "comparative market analysis". As such, a comparative market analysis must contain the following statement printed conspicuously and without change on the first page: "THIS ANALYSIS HAS NOT BEEN PERFORMED IN ACCORDANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE WHICH REQUIRES VALUERS TO ACT AS UNBIASED, DISINTERESTED THIRD PARTIES WITH IMPARTIALITY, OBJECTIVITY, INDEPENDENCE AND WITHOUT ACCOMMODATION OF PERSONAL INTEREST. IT IS NOT TO BE CONSTRUED AS AN APPRAISAL AND MAY NOT BE USED AS SUCH FOR ANY PURPOSE." CMA PREPARED BY:MARK C. WALKER-Broker M. C. WALKER REALTY 14 NORTH WALNUT STREET, MECHANICSBURG, PA 17055 MEMBER-CENTRAL PENN MULTI-LIST, INC. °. WA L KER REA L T ¥ 14 North Walnut Street Mechanicsburg, Pennsylvania 17055 Telephone (717) 697-9487 Fax Number (717) 697-9480 A SYMBOL OF REALTY EXCELLENCE -Page 2- 6/4/02 Mrs. Jennifer Clancy Executrix, Estate of Barbara Fressie 1480 Wyndham Dr. South York,PA 17403 Dear Mrs. Clancy, I, Mark Walker, do hereby state that upon your request, I have made an investigation and analysis of the following described property: 1133 Nanroc Drive, Mechanicsburg, PA 17055 and that I am of the opinion that on 5/31/02, when a detailed inspection of the premises was made, the comparative market value of the land and improvements thereon was: $69,000.00 I further state that, to the best of my knowledge and belief, the evaluation contained in this comparative market analysis report is correct. The physical condition of the improvements described herein was based on visual inspection. Respectfully submitted, Mark Walker, Broker MEMBER-CENTRAL PENN MULTI-LIST, INC. Dynamic Appraisals Inc. "Specializing in Residential Real Estate Appraisals" Residential Appraisal Report 'COPY Of Condominium NANROC DRIVE #1133 MECHANICSBURG, PA 17055 For PRIVATE (PATTON) As of JUNE 18, 2OO2 Dynamic Appraisals Inc. .!l/~/ll='ll~=/ll. Serving Central Pennsylvania WEDNESDAY, JUNE 19, 2002 PRIVATE (PATTON) In Reference To: NANROC DRIVE #1133 MECHANICSBURG, PA 17055 Dear Lender: In accordance with your request, I have completed an appraisal of the real estate described above. A complete and thorough personal inspection of the property has been performed. The attached report was prepared to estimate the market value of the fee simple interest in the subject property. A full legal description will be found herein. In my opinion, the estimated market value of the property as of JUNE 18, 2002 is: SIXTY-SEVEN THOUSAND, FIVE HUNDRED DOLLARS $67,500 The attached report contains the description, analysis and supportive data for the conclusion and final estimate of value together with descriptive photographs. Respectfully submitted, Daniel A. Hoffman, RL-001638-L PA State Certified Residential INDIVIDUAL coNDOMiNIUM-u~iT APPRAISAL REPORT Fi,eNo. 021482 I~P~operty Add_r~_ss_ _ NANROC DRIVE ....... C_%___ MECHANICSBURG state PA Zip Code 17055 [] L~scripbon SEE A'I-rACHED DEED 162-1103 County CUMBERLAND u~ ~ ~- ~ ~ - - ~ __. 4~2- 24.-.0_7_92-0_69- U31133 ~_rolect r~a~me/~ __ UBERTY SQUARE .... _Ma_p Reference SEE APN Census Tract 118 [] Borrower PA'I-FeN Current Owner__ FRESSIE ESTATE Occupant --i Owner -' Tenant X Vacant ~ Property ri,qhts appraised i X Fee Simple i Leasehold Monthly Home Owners' AssOC4ation Unit Charge $ 8 5 []Sales Pnce $ N/A~__ Date of Sale N/A Description and $ amount of loan char~es/concessions to be p~id.d~by selle~ N/A ~1~ Lender/Client PRIVATE (PA-CrON) Address ~ Appraiser DANIEL A. HOFFMAN Address 5001 CARLISLE PIKE MECHANICSBURG, PA 17050 Location ~ Urban Built up _ _ Over 75% Growth rate__ Rapid Property values ~X Increasing Demand/supply __ Shortage time Under 3 mos. Present land use %: One family Land use change: ~X Not likely '~X Suburban Rural Pra~o,,,;nant Single family housing Predominant Condominium housing -~ single fatuity PRICE AGE condominium PRICE AGE ~ 25-75% __i Under 25%occupancy S (0oo) (yrsJ occupancy $ (0oD) (yrs) ~X Stable .~ Slow ~X! Owner 5 5 Low ~ ; X Owner 4 5 Low ~ Stable __ Declining __imenant 250+ High 85+ ! -' Tenant - 10~+ H~h__._ 3__5+ ~-~ In balance~_ Over supply -X-~ Vacant (0-5%) Pre~ominant : -~ Vacant (0-5%) Predominant X 3-6mos. Over6mos. ;Vacant(ov~5%) 85-135 NEW-40 ~ Vaca_nt(o_v_er5% ~ ~65_-8_5 __ 15-~5_ ~, 2-4 Family ___ , Apartments ...... , Condominium 1 00, Commercial____, Industrial __ , Vacant _, Other ~ Likely In processto N/A Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: SEE OUTLINE ON MAP ADDENDUM. Factors that a~/ect the marketability of the properties in the neighborhood (proximity to employme~ an~-~me~:rli--es, employment stability, appeal t .... ket, etc): THE SUBJECT IS LOCATED IN A PREDOMINANTLY RESIDENTIAL AREA AMONG PROPERTIES OF SIMILAR STYLE AND- MARKET APPEAL. THIS AREA IS CONVENIENTLY LOCATED IN RESPECT TO SCHOOLS, SHOPPING, EMPLOYMENT, AND TRANSPORTATION ACCESS. HOMES IN THE NEIGHBORHOOD ARE OCCUPIED AND APPEAR TO BE WELL MAINTAINED~-~HI~ -' AREA PROVIDES REASONABLE SAFETY AND SECURITY COVERAGES. THE SUBJECT IS LOCATED IN UPPER ALLEN TOWNSHIP. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time - - such as data on competitive properties for sale in the project and neighborhood, descripbon of the prevalence of sales and financing concessions, etc.): IT PROVIDES AN AVERAGE ENVIRONMENT FOR THE HOUSE BEING APPRAISED. THERE ARF NO KNOWN FACTORS THAT NEGATIVELY APH-CT THE MARKETABILITY OF THE HOUSE. ALL OF THE ITEMS IN THE NEIGHBORHOOD RATING GRID ARE RATEr' GOOD OR AVERAGE. THE PUBLIC SCHOOLS, PARKS, VIEWS, AND NOISE LEVEL ARE TYPICAL FOR THIS TYPE OF NEIGHBORHOOD. THIS IS A FAIRLY ACTIVE MARKET WITH NO MAJOR CONCESSIONS. Specific zoning classification and description RESIDENTIAL Zoning compliance X~ Legal ~ -- -- Legal nonconforming (Grandfathered use) -" Illegal H~_hest & best use as improved X' Present use Other use (expla~ N / A Utilities Public Other Off-cite Improvements Type Electricity :-X- ___ Street ASPHALT Gas __~, Curb/gutter Water X~ i Sidewalk CONC~ Sanitary sewer ; X · Street lights Storm sewer X Alley Topography LE~ _~ No zoning Size TYPICAL Density TYPICAL Public Private View TYPICAL ~ ~ , Drainage APPEARS ADEQUATE ~X ~; Apparent easements NONE APPARENT ,__X~_' ~ FEMA Special Flood Hazard Area~ _.: Yes ~ ~i ~ , FEMA Zone C Map Date 02 / 15 / 80 ~ ~ ! FEMAMapNo. 420372 Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): THERE ARE NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS. THE SUBJECT DOES NOT APPEAR TO BE LOCATED IN A FEMA FLOOD NO. of Stories ___2~ Exterior Wails STN,VN~ if Project Completed: ! If Project Incomplete: Subject Phase: NO of Elevator(s) 0 ; Roof Surface CS Total No. of Phases__ 4~ _~ TO~ No. of Planned Phases N / A Total No. of Units 6 Existing/Proposed EXIST~ Tota~ No. Parking 6 8 Total No. of Units 2 4 ' Total No. of Planned Units. N~/_A_. Torsi No. of Uni~ Completed __.. 6~ Ifconvers~°n. ong. use N/A Ratio(spaoas/units) 2;l_~TotalNo. of Units for Sa~e 0 =TotalNo. of Units for Sale N/A i TotalNo. ofUnitsfo~SaJe 0 Date of Conversion N / AType OPE~I ~ Total No. of Units Sold _2~4_ _, Total No. Units Sold N / AI Total No. of Units Sold 6 Age(Yrs.) 21 i Guest Parking 20 ;TotaINo. of Units Rented ~11___TotaINo. of Units Rented ~N/A I TotaINo. of Units Rented 0 _Effect~ive~A_~e_ (Yrs.) ~ Data Source M LS/LA Data Source ~ Data Source M LS/LA Project Type: ~X! Primary Residence i Second Home or Recreational ! ! Row or Townhouse~ Garden ~1Midrise !~=' Highrise ~ Condition of the project, quality of consbuction, unit mix, appeal to market, etc.: GOOD RATING FOR THIS DEVELOPMENT. THE ITEMS ADDRESSED ARE CONSIDERED TO BE AVERAGE OR Are the heating and cooling for the individual units separately metered? ~X Yes ~_~] No if no, describe and comment on compatibility to other projects in market area and market acceptance: N / A Describe common elements and recreational facilities: MINIMUM COMMON AREAS AND FACILITIES Are the common elements completed? ~X Yes ~_ No Is the Builde~r/Developer in control of the Home Owners' Association? -~i Yes ~ No elements leased to or by the Home Owners' Association? ' ! Yes '~i No If yes, attach addendum describing rental terms and options. ROOMS Foyer I Livin~ Dinin~ Kitchen Den Family Rm.i Rec. Rm. Bedrooms ! # Baths I Laundry i other i A~ea Sq. FL Level I 1 1 I i Level 2 ' ~ ~ 0.50 HKUPS ~ ~ i 435 i ~- i ~ 2 i 1.00 [ i 435 ; Finished area above grade contains: 5 Rooms; 2 Bedroom s(~;; 1.5 Bath(s): 8 7 0 Square Feet of Gross Living Area For Unit GENERAL DESCRIPTION HEATING KITCHEN EQUIP. AMENITIES CAR STORAGE INSULATION Floor No. 1~ ........ Type _FWA ._ Refrigerator ~ Fireplace(s) # None Roof - - No. of Levels 2 Fuel ~ _ Range/Oven ~ Patio ....... Garage "'- Ceiling INTERIOR Materials/Condition Condition AVG oispesal ~X Betcony ~. No. of Cars -- ,~} i Walls Flooring CARPET/AVG COOLING Dishwasher ~X~ Deck ~ _ ~ Open __ Floors Wails DRYVv'ALL/AVG ~ Cenbal YF_S Fan/Hood ~ i Porch ~ .~N_o: of Cars2 ! None ...... SathFIoor VINYL/AVG Other NC~E , Microwave~' Fence ~ ParkngSpa. ceNo. N/A ~Unkoown Bath Wainscot FIBERGLASS/AVG Condition AVG Washer/Dryer ~ [ ] AssJgnel~OWl~e~ N / A I Condition of the unit, depreciation, repairs needed, quality of construction, remodeling/modernization, additional features (special energy efficient items, otc): SEE COMMENT ADDENDUM immediate vicinity of the subject property: NO KNOWN OR OBSERVED ADVERSE ENVIRONMENTAL CONDITIONS WERE NOTED AT THE TIME OF THE INSPECTION FOR THIS APPRAISAL. Freddie Mac Form 10-94 Page 1 of 2 MacAppraiserTM Real Estate Appraisal Software by Bradford Technologies, Inc. (800) 622-8727. Fannie Mae Form 107310-~4 INDIVIDUAL CONDOMINIUM UNIT APPRAISAL REPORT Fi~e No. 021482 Unit Charge $ 8 5 per mo. x 12 = $ 1,0 2 0 .per yr. Annual Assessment charge per year/square feet of gross living area = $ 1,1 7 Is the pro~ect subject to ground rent? Yes X No If yes, $ N / A per year. Note any fees, other than regular HOA changes, for use of facilities ~ Compared to other competitive projects of similar quality and design, the subject unit charge appears: High _X~ Typical __ Low To properly mamtain the project and provide the services anticipated, the budget appeam: ~X Adequate { Inadequate Unknown Management Group: '_X_. Home Owner's Association .! Developer Management Agent (Identify) Quality of management and its enforcement of Rules and Regulations based on general appearance of pro~ect appears: ~ Adequate ~-- Inadequate Special or unusual characteristics in the Condominium Documents or other information known to the appraiser that would affect marketability (if none, so state) NONE I'~IOWN, OBSERVED. OR REVEALED - ' iTEM SUBJECT COMPARASLE NO.r COMPARABLE NO. 2 ' _~_--~.~P*_~¢E ~_ Address, Un,t #. 1133 NANROC DR 1141 NANROC DR -1~ ~N~ ~)R 1101 NANROC DR LIBERTY SQUARE MBERTY SQUARE LIBERTY SQUARE _ UBERTY SQUARE SAME DEVELOPMENT SAME DEVELOPMENT SAME DEVI~_LOPMEN~_ Sales Price $ N/A $ 68.000 $ 67 950 S 83,900 Pnce/Gross I iv. Area $ 25 73.28 --~- S 73.22 .7- S 61.69 -~- Data and/or INSPECTION MLS/COUNTY RECORDS MLS/COUNTY RECORDS MLS/COUNTY RECORDS Verification Sources DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) SAdjustment_ Sales or Financing CONVENTIONAL FHA FHA Concessions NO EFFECT NO EFFECT NO EFFECT Date of Sale/Time I 0/15/01 09/10/01 1 I /20/01 Location AVERAGE AVERAGE AVERAGE AVERAGE Leasehold/Fee Simple FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE HOA MO. Assessment 85 85 85 - --~-NI~- / Common Elements MINIMUM MINIM UM MINIMUM and Rec. Facilities COMMON AREAS COMMON AREAS COMMON AREAS _ ' COMMON?R__F~_S AVERAGE AVERAGE .... _AVE_._RA~E ............ ._1/2 ........ AVERAGE ...... TOWNH-END - 5,000L.- Fioor Location 1 / 2 1 / 2 I / 2 View AVERAGE AVERAGE AVERAGE TOWNHOUSE TOVvNHOUSE TOWNHOUSE of Construchon STONE,VINYL BRICK.VINYL BRICK,VINYL BRICK,ALUM 21 A 20A EST 20A EST ............. _2_1 A Condition AVERAGE AVERAGE AVERAGE &___A_ _VE_R~A_ _G_E ....... Above Grade Total BdrmsBathsTotal BdrmsBaths Total BdrmsBaths . Total ~rms. Baths ._ RoomCount 5 2 1.5 5 2 1.5 4 2 1.5 6 ~ ; 2.5 -3,500I Gross Living Area 870 Sq. Ft. 928 Sq. Fi_. 0 928 Sq. Ft. 0i ~1, ~6-0 -- ~ ~=~-' ....... -4,900_, / Basement & Finished N~ N~ N~ Rooms Below Grade N / A N / A N / A N / A Functional Utilit~ AVERAGE AVERAGE AVERAGE AVERAGE _H_ eati~Coolin~ _-- EHP/CA EHP/CA EHP/CA EHP/CA Energy Efficient Items STORM UNITS SIMILAR SIMILAR SIMILAR Balcony, Patio, D~-CK ~ DEC~ DEC~ Fireplace(s), etc. N~ I FIREPLACE -500 I FIREPLACE -500 1 FIREPLACE -500 Net~Adj(tofal) + ~- S -500 ~+-~- $ -500 + X- $ -13,900 Adjusted Sales Price of ~arable $ 67,500 . . ~S 67,450 ,$ 70,000 Comments on Sales Comparison (including the sub~ect property's compatibility to other condominium units in the neighborhood, etc.): SEE COMMENT ADDENDUM. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Date, Price and Data NO TRANSFERS NO TRANSFERS NO TRANSFERS NO TRANSFERS source for prior sales WITHIN ~ WITHIN WITHIN WITHIN within year of appraisal_ ~ ONE~ L ONE~ ONE YEAR ......... ONE ~YEAR Analysis of any current agreement of sale, option, of listing of the subject ~operty and analysis of any prior sales of subject and comparables within one year of the date of appraisal: SEE A'FI'ACHED FIRREA ADDENDUM -~~ ................... , ~7,500 INDICATED VALUE BY SALES COMPARISON APPROACH INDICATED VALUE BY INCOME APPROACH (If Applicable) Estimated Market Rent $ N / A /Mo. x Gross Rent Multiplier = $ 0 INDICATED VALUE BY COST APPROACH (Attach If Applicable) $ N / A This appraisal is made i~' "as is" ;_-~ subject to repairs, alterations, inspecaon~, ~r'c~nditlo~s iisie~l I~el~' .... ~_~ ~bj~'ci t(~ ~o~p'le§o~ ~e; pi ..... d specifi~J .... Conditions of Appraisal: SUBJECT IS APPRAISED IN ITS PRESENT CONDITION AS OF THE TIME OF INSPECTION. ~ina~nc~~~,CH FOR THIS TYPE OF PROPERTY AND THE ONE FOR WHI~_H TH~ MOST RELIABLE-DATA CAN BE OBTAINED. THE COST APPROACH IS N/A FOR CONDOS. THE INCOME APPROACH IN N/A. The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac 439/Fannie Mae Form 1004B (Revised 6 - 93 O~ -~2 I {WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS (WHICH IS THE DATE OF IN~I~=~TION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $ 6 7,5 0 0 APPRAISER: ~ . ~ ~ /'", SUPERVISORY APpRAISER (ONLY IF REQUIRED): Signature %'~_~]_(~ ~ __ __ __ Signet .............. :___~Did L~.DIdNot Na~ ...... bANIEL A. HOFFMAN __ Name ............. Inspect Property Date Report Signed JUNE 19, 2002 Date Report Signed State Certification # RL-001638-L statePA State Certification # sta~te Or state license #PA STATE CERTIFIED RESIDENTIALState Or State License # State Freddie Mac Form 465 10-94 Page 2 of 2 MacAppraiser'" Real Estate Appraisal Software by Bradford Technologies, Inc. (800) 622-8727. Fannie Mae Focrn 1073 10-94 COMMENT ADDENDUM File No. 02_1482 Borrower PATTON F~roperty Address NANROC DRIVE #1133 _c~__. _ MECHANICSBURG Coun_ty ..... CUM~R_~L/~_D. state PA Zip Code i ~055 Lender/Client PRIVATE (PATTON~_ Address THIS REPORT HAS BEEN PREPARED FOR USE IN A MORTGAGE FINANCE TRANSACTION BY THE LENDER/CLIENT, AS LISTED IN THE SUBJECT SECTION OF THIS REPORT, AND/OR THEIR ASSIGNS ONLY. THIS REPORT MAY ALSO BE UTIUZED BY HUD FOR ANY FHA FINANCING FOR WHICH IT IS APPROPRIATE. THE USE BY ANY OTHER PARTY WITHOUT THE WRITTEN CONSENT OF THE APPRAISER AND/OR APPRAISAL FIRM IS PROHIBITED AND VOIDS THE APPRAISAL REPORT. THIS REPORT HAS UTILIZED MODERN ACCEPTED TECHNOLOGIES IN ORDER TO ENSURE THE EFFICIENT PRODUCTION OF A QUALITY APPRAISAL REPORT IN A TIMELY MANNER. THESE TECHNOLOGIES MAY HAVE INCLUDED THE USE OF DIGITAL PHOTOGRAPHS, DIGITAL MAPPING, AND/OR DIGITAL SIGNATURES. PLEASE BE ADVISED, THAT IF DIGITAL PHOTOGRAPHS HAVE BEEN UTILIZED, AS PER APPRAISAL GUIDELINES, WE CERTIFY THAT NO TOUCH-UPS OR MODIFICATIONS HAVE BEEN PERFORMED TO THE PICTURES WITH THE EXCEPTION OF ACCEPTED DARKENING OR UGHTENING AS MAY HAVE BEEN REQUIRED FOR CLARITY. ALL DIGITAL/ELECTRONIC SIGNATURES IN THIS REPORT HAVE A SECURITY FEATURE MAINTAINED BY INDIVIDUAL PASSWORDS FOR EACH SIGNING APPRAISER. NO PERSON CAN ALTER THE APPRAISAL REPORT WITH THE EXCEPTION OF THE SIGNING APPRAISER. THOMAS M. VOGELSONG, PA STATE CERTIFIED RESIDENTIAL APPRAISER RL-003572-L, PROVIDED SIGNIFICANT PROFESSIONAL ASSISTANCE IN ONE OR MORE OF THE FOLLOWING AREAS, SUBJECT/COMP DATA RESEARCH, VISUAL INSPECTIONS, REPORT PREPARATION, AND/OR OVERALL APPRAISAL REVlEVV. ALL SALES ARE CLOSED TRANSACTIONS AND DATES UTIUZED ARE SE'I-rLEMENT DATES AND NOT CONTRACT DATES. ALL COMPARABLES ARE CONSIDERED EQUAL INDICATORS OF VALUE AND WEIGHED EQUALLY IN THE FINAL RECONCILIATION. A SLIGHTLY WIDER TIME FRAME THAN IS CONSIDERED IDEAL WAS REQUIRED TO LOCATE SUITABLE COMPARABLES. THE BEST AVAILABLE COMPARABLES WERE SELECTED AND USED FOR THIS APPRAISAL THE SUBJECT IS A TYPICAL TOWNHOUSE STYLE CONDOMINIUM FOR THIS AREA WITH A NORMAL AND ACCEPTED FLOOR PLAN FOR THIS STYLE OF HOME. MAIN ENTRY LEADS TO THE LIVING ROOM WHICH HAS A NEWER BOW WINDOW AND A COAT CLOSET. THE DINING ROOM IS DIRECTLY BEHIND WITH ACCESS TO THE REAR WOOD DECK THE KITCHEN INCLUDES AN L-SHAPED DESIGN AND UTIUTY CLOSET. THE SECOND FLOOR FEATURES TWO BEDROOMS WHICH BOTH HAVE A BI-FOLD DOOR CLOSET. THE PRECEDING ITEMS MENTIONED AS ADDITIONAL FEATURES DO NOT WARRANT INDIVIDUAL ADJUSTMENTS IN THE COST APPROACH OR SALES COMPARISON ANALYSIS. THEY WERE WORTHY OF MENTION BECAUSE THEY DO INDEED AFFECT THE COST OF CONSTRUCTION, QUALITY OF CONSTRUCTION, APPEAl., UTIUTY, AND MARKETABILITY OF THE PROPERTY. IF ANY ADJUSTMENTS ARE REQUIRED THEY WILL BE TAKEN IN THESE CATEGORIES. MacAppraiserTM Real Estate Appraisal Software by Bradford Tect~nologies, Inc. (800) 622-8727. Page 1 of 1 SUBJECT PHOTO ADDENDUM F~.o ..... 02t4_S~ _ ~orro.~ PAll'ON Property Address NANROC DRIVE #1133 ch'y MECHANICSBURG co~mty CUMBERLAND sam PA PRIVATE (PATTON) Z~pC.~de 17055 FRONT OF SUBJECT PROPERTY 1133 NANROC DR LIBERTY SQUARE pete JUNE 18, 2002 va~ 67,500 Site View D~gr~o'~ TOWNHOUSE co~u(~y STONE,VINYL Age 21A sq~ 870 Total Rm$ 5 ~ Z ~a~ 1 o5 Garage NONE F~ace NONE REAR OF SUBJECT PROPERTY STREET SCENE SKETCH ADDENDUM F,. No. 021482 Borrower PA'I-I'ON Propell~ Address NANROC DRIVE #1133 city MECHANICSBURG County CUMBERLAND State PA Lender/Client PRIVATE (PA'CrON) Address ZipC~e 17055 Scale: linch = 10 ft 1 0.0; Deck I i < 15.0 > 29J Kitchen Dining Rm 1/2Ba Living Room '< 15.0 > 29.0 Bath Bedroom Bedroom 15.0 1st Floor 2nd Floor Sketch Calculations Location Dimensions Area A 15.0' x 29.0' 435.0 Gross Living Area 435.0 TOTAL GLA 870.0 MacAppraiserTM Real Estate Appraisal Software by Bradford Technologies, Inc. (800) 622-8727. COMPARABLES 1-2-3 PHOTO ADDENDUM Borrov~ PATTON ~ Addres~ NANROC DRIVE #1 13:3 c~/ MECHANICSBURG county CUMBERLAND State PA z~p Code 17055 Lem~'~ier, t PRIVATE (PA'I-ION) Ad,mss COMPARABLE SALE #1 1141 NANROC DR LIBERTY SQUARE Sale Date 10/15/01 sam va~ 68,000 site AVERAGE v~w AVERAGE [:)~gn/~'~ TOWNHOUSE cons~3~ BRICK,VINYL ~e 20A EST SqFt 928 To~al Flms 5 ~ Z sam 1.5 earage NC~ Flmm~ 1 FIRE.ACE COMPARABLE SALE 1131 NANROC DR LIBERTY SQUARE Sale Date 09/10/01 Sam Va~ 67,950 s~e AVERAGE v~ew AVERAGE De~/~ol TOWNHOUSE ~ BRICK,VINYL A~e 20A EST ~qR 928 Tolal Rms 4 eedmo.. Z eam~ 1.5 1 FIREPLACE COMPARABLE SALE r3 1101 NANROC DR LIBERTY SQUARE saeoae 11/Z0/01 ~va~ue 83,900 S~e AVERAGE vmw AVERAGE o~grV&o'~ TOWNH-END comu(~ BRICK,ALUM ~e Z1A SqFt 1,360 Total Rm~ 6 Bedroor~ 3 ~ 2.5 Garage NONE Rrec~ce 1 FIREPLACE LOCATION MAP ADDENDUM File NO.. .~2'J48~__ Bo.ower PATRON Property Ad, mss NANROC DRIVE #1 133 c~ty MECHANICSBURG County CUMBERLAND state PA 7Jp c.~e 17055 Le~der/Clien~ PRIVATE (PATTON) Ad~mss Home. Fbr Children 1101 NANROC DRIVE 133 NANROC DRIVE Il 141 NANROC DRIVE 1131 NANROC DRIVE Street Arias USA 6.0 ® for Macintosh MacAppmiearTM Real Estate Appraisal Software by Bradford Technologisa. Inc. (800) 622-8727. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone aSsociated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether tile subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazard wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the properly. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 (6-93) MacAppraiserTM Real Estate Appraisal Software by Bradford Technologies, Inc. (800) 622-8727. Fannie Mae Form t O04B (6-93) APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, ! have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly wilhheld any significant information from the appraisal report and l believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. 1 was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless l have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. 1 further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If l relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraiser report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: NANROC DRIVE Unit #1133 MECHANICSBURG, PA 17055 APPRAISER: Signature: ~{Sa~ ~ ~'N-~.... Signature: Name: D,~l~gSL A. HOFFMAN Name: Date Signed: JUNE 19, 2002 State Certification #: RL-001638-L or State License #: PA STATE OERTIFIED RESIDENTIAL State: PA Expiration Date of Certification or License: 06/30/03 SUPERVISORY APPRAISER (only if required) Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: ~ Did ? Did Not Inspect Property Frectdie Mac Form 439 6-93 MacAppraiser" Real Estate Appraisal Software by Bradford Technologies, Inc. (800) 622-8727. Fannie Mae Form I004B 6-93 TAX PARCEL NO. 42-24-0792-069 MADETHE / .,~/-4~ dayof ~-~ ~ ~ in the ye~ one thous~d nine hundred nineW-seven (1997) B~N THOMAS F. B~LEY ~d BRENDA LLOYD BAILEY, his wife, of M ech~icsburg, Pennsylv~ia, Grantors, U31133 BARBARA E. FRESSIE~, single woman, of Mechanicsburg, Pennsylvania, Grantee, WITNF, S~F, TI-I, that in consideration of SIXTY-FIVE THOUSAN~ ....................................... ................................. ................. ($65,000.00) ............................................. Dollars, in hand paid, the receipt whereof is hereby ack~.owledged; the said grantors do hereby grant and convey to the said grantee, ALL THAT CERTAIN townhouse dwelling unit situated in Liberty_..Square Condominium, Upper -Allen Township, Cumberland County, Pennsylvania, being designated as Unit No. 1133 in the Declaration and Declaration Plans of said condominium, recorded in the Recorder of Deeds Office of Cumberland County, Pennsylvania, 'in Miscellaneous Book 260, Page 362, and Plan Book 37, Page 144, respectively under the' provisions of The Uniform Condominium Act of July 6, 1980. · TOGETHER with ail fight of title and interest, being a 3.63% interest, of, in and to the Common' Elements are more fully set forth in the aforesaid Declaration of Condominiums and Declaration Planst. UNDER AND SUBJECT to ail agreements, conditions, easements and restrictions of record and to the provisions, easements, covenants and restrictions as contained .i..n the Declaration and tl~e claration Plans. BEING known and numbered as 1 i33 Nanroc Drive, Mechanicsburg, Pennsylvania. BEING THE SAME PREMISES which Keith D. Feree,. a/k/a l~eith D. Ferree, and Karen L. Feree f/k/a Karen L. Brenneman, his wife, by their Deed dated April 9.9, 1988 and recorded May 3, 1988 in the Office of the Recorder of Deeds in and for Cumberland County in Deed Book H, Vol- ume 33, Page 995, grartted and conveyed unto Thomas F. Bailey and Brenda Lloyd Bailey, his wife, Grantors herein. MULTI-PURPOSE SUPPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS p_ BOr rowe_~/Client PA'I-FON ropeny Address 1133 NANROC DRIVE F~-ity MECHANICSBURG Count,/ I Lender PRIVATE APPRAISAL 021482 CUMBERLAND State PA Zip Code 17055 This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a con- venient way to comply with the current appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of Currency (OCC), The Office of Thrift Supervision (OTS), the Resolution Trust Corporation (RTC) and the Federal Reserve. This Multi-Purpose Supplement Addendum is for use with any appraisal. Only those statements which have been checked by the appraiser apply to the property being appraised. · J II -' I '.lel-1-11;~ fill ~ [*11 [ol ~ l.e] 1ILL,1 '.I '.1 :t'_q k-~i~ The purpose of the appraisal is to estimate the market value of the subject property as defined herein· The function of the appraisal is to assist the above-named Lender in evaluating the subject property for lending purposes. This is a Federally related transaction. _X~: The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and neighborhood, and selection of comparable sales within the subject market area· The original source of the corn- .parables is shown in the Data Source section of the market grid along with the source of confirmation, if available. The original source ]s present first. The sources and data are considered reliable. When conflicting information was provided, the source deemed most reliable has been used. Data believed to be unreliable was not included in the report nor used as a basis for the value conclusion. REPLACEMENT -'-~__ The ~ Cost is based on N/A supplemented by the appraiser's knowledge of the local market. -- ~Xi Physical depreciation is based on the estimated effective age of the subject property. Functional and/or external depreciation, if present, is specifically addressed in the appraisal report or other addenda. In estimating the site value, the appraiser has relied on personal knowledge of the local market· The knowledge is based on prior/or current analysis of site sales and/or abstractions of site values from sales of improved properties. _X_ The subject property is located in an area of primarily owner-occupied single family residences and the Income Approach is not consi- dered to be meaningful. For this reason, the Income Approach was not used. __ The Estimated Market Rent and Gross Rent Multiplier utilized in the Income Approach are based on the appraiser's knowledge of the subject market area. The rental knowledge is based on prior and/or current rate surveys of residential properties. The Gross Rent Multiplier is based on prior and/or current analysis of prices and market rates for residential properties· ~ For income producing properties, actual rents, vacancies and expenses have been reported and analyzed. They have been used to pro- ject future rents, vacancies and expenses. According__ to CENTRAL PENN MULTI-USTSERVICE . __ the subject property: _X__, has not been offered for sale in the past 30 days. : is currently offeredfor sale for $ .............. . was offered for sale within the past 30 days for $ __ Offering information was considered in the final reconciliation of value. .~ Offering information was not considered in the final reconciliation of value. __ Offering information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum· According to COUNTY REOORDS OFFICE-RECORDER OF DEED the subject property: ~ has not transferredin the past twelve months. ~ has not trausferredin the past 36 months. ~ has transferred in the past twelve months. ~ has transferredin the past 36 months. __: All prior sales which have occurred in the past months are listed below and reconciled to the appraised value, either in the body of the report or in the addenda. __D.a_te Sales Price Document # Seller Buyer- .......... X__, Subject property is not located in a FEMA Special Flood Hazard Area. __' _~_u_bjectj:)ro~_~_r_ty_ i_s located in a FEMA Specia~l Flo~od_ H_a_z_a_r._d _Area_. _ __ Zone ........ _FEMA Ma~/Pa_q_e~ .............. Map D~te __~ The community does not participate in the National Flood Insurance Program. ~ The community does participate in the National Flood Insurance Program. ~ It is covered by a regular program. : j It is covered by an emergency program. FW-70M November 1991 MacAppraiserTM Real Estato Appraisal Software by Bradford and Robbins {800) 622-8727. Page I 021482 I X _XX The subject property iscurrently not under contract. _ The contract and/or escrow instructions were not uvailable/or review. The unavailability of the contract is explained later in thc addenda section. The contract and/or escrow instructions were reviewed. The following summarizes the contract: Contract Date A~nendment Date Contract Price Seller ~ The contract indicated that personal property was not included in the sale. ~ The contract indicated that personal property was included. It consisted of Estimated contributory value is $ .................. . ;~X Personal property was not included in the final value estimate. __~ Personal property was included in the final value estimate. The contract indicated nofirtancing concessions or other incentives. __ The contract indicated the following concessions or incentives: __. If concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made, if applicable, so that the final value conclusion is in compliance with the Market Value defined herein. 2 - 6 months is considered a reasonable marketing period for the subject property based on MARKETING TIME AS AVAILABLE FROM CENTRAL PENN MULTI-LIST SERVICE I X The Appraiser certifies and agrees that: (1) Their analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of Professional Appraisal Practice ("USPAP"), and in accordance with the regulations developed by the Lender's Federal Regulatory Agency as required by FIRREA, except that the Department Provisions of the USPAP do not apply. (2) Their compensation is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. (3) This appraisal assignment was not based on a requested minimum valuation, a specific valuatlon, or the approval of a loan. I x -'I J] ~11 i tel ~q r-'1 Igl=l~tTJllial~hTJl::l~q I L'I II! Ii'rd ill~[c~a]~li] I / ti] { ~ The value estimated is based on the assumption that the properly is not negatively affected by the existence of hazardous substances or detrimental environmental conditions unless otherwise stated in this report. The appraiser is not an expert in the identification of hazardous substances or detrimental environmental conditions. The appraiser's routine inspection of and inquires about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively unless otherwise stated in this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would negatively affect its value. Appraiser's Signature ..... /'''rd ~'~ Effective Date 06/18/2002 Date Prepared _. 0_6.[! 9/200_2 Appraiser's Name (print) DANIEL A. HOFFMAN Phone # ( 717 ) 7~3~7-9~43~ ............. State P~A ~ License ~ Certification # RL-001638-L Tax ID # 25-1715857 PENNSYLVANIA STATE CERTIFIED RESIDENTIAL APPRAISER The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an exterior inspection of all comparable sales listed in the report. The report was prepared by thc appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report including the value conclusion and the limiting condi- tions, and confirms that the certifications apply fully to the co-signing appraiser. _~ the co-signing appraiser has not personally inspected the interior of the subject property and: I-_~ has not inspected the exterior of the subject property and all comparable sales listed in the report. ~ has inspected the exterior of the subject property and all comparable sales listed in the report. :~ The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the co-signing appraiser with the exception of the certification regarding physical inspections. The above describes the level of inspection performed by the co-signing appraiser. -- The co-signing appraiser's level of inspection, involvement in the appraisal process and certification arc covered elsewhere in the addenda section of this appraisal. Co-Signing Appraiser's Signature ............ Effective Date .............. Date Prepared Co-Signing Appraiser's Name (print) Phone # ( __ ) State i~ License ~--I Certification # ,-- Trainee Tax ID tl FW-70M November 1991 MacAppraiserTM Real Estate Appraisal Software by Bradford and Robbins (800) 622-8727. Page 2 5001 Dynamic Appraisals, Inc. "Specializing in Residential Real Estate Appraisals" Serving Central Pennsylvania Carlisle Pike · Mechanicsburg, PA 17050 · (717)737-9433 Professional Qualifications Following are the qualifications of the Chief Appraiser, Daniel A. Hoffman, who supervises the appraisal staff of Dynamic Appraisals.. Education Daniel A. Hoffman and Dynamic Appraisals is of the strong belief that to be one of the best in any profession, requires a deep commitment to a continuing education program that keeps the ~rofessional abreast of all changes in their industry. Educational Division of DPS, Inc. Camp Hill, PA 1980 Real Estate Practice .1980 Real Estate Fundamentals PennSylvania Real Estate Commission Harrisburg,' PA 1980 PA Real Estate Salesperson License FFR, META University Salt Lake City, UT 1981 Income Producing Property Management 1982 Private Property Management lg84 Single and Multi-Family Investment Analysis 1986 Real Estate Tax Training 1989 Asset Protection - Real Estate Trusts Academy of Real Estate Studies Philadelphia, PA 3/91 Real Estate Practice The Institute of Real Estate Studies Camp Hill, PA 5/9 1 Real Estate Fundamentals Pennsylvania Real Estate Commission Harrisburg, PA 5/9 1 PA Real Estate Salesperson License Larry Foote Institute of Real Estate Carlisle, PA 10/91 Appraisal of Residential Property The Real Estate School Camp Hill, PA 11/91 Narrative Appraisa~ Report Writing I 2/91 Standards of Professional Appraisal Practice Pennsylvania REALTORS Institute Harrisburg, PA 10/92 GRI-1 1 1/92 Cost and Income Approaches - RA4 12/92 GRI-2 03/93 GRI- 3 The Institute of Real Estate Sludies Camp Hill, PA 07/93 Residential Construction PA Board of Real Estate Appraisers Harrisburg, PA 09/93 PA State Certified Residential Appraiser Pennsylvania REALTORS Institute Harrisburg, PA 09/93 RS-203 Cincinnati Board of REALTORS 09/93 CRB-421,422,423 Pennsylvania REALTORS Institute 03/94 RS-205 06/94 RS-204 Cincinnati,OH Harrisburg, PA Pennsylvania Real Estate Commission 08/94 PA Real Estate Brokers License Harrisburg, PA AIIgood Appraisal Training I 1/94 FHA Appraisal Training Harrisburg Realtors Institute 04/95 USPAP-Mandatory New Cumberland, PA Camp Hill, PA Dynamic Appraisals, Inc. "Specializing in Residential Real Estate Appraisals" Serving Central Pennsylvania 5001 Carlisle Pike · Mechanicsburg, PA 17050 · (717)737-9433 Education, Con't Polley Association Newtown Square, PA 06/95 Environmental Appraisal issues Harrisburg Realtor Institute Camp Hill, PA 02/96 Broker Recertification-Mandatory School of Real Estate Appraising King of Prussia, PA 06/97 USPAP-Mandatory School of Real Estate Appraising King of Prussia, PA 06/97 Fair Lending & The URAR School of Real Estate Appraising King of Prussia, PA 06/97 Guide to Relocation Appraisals School of Real Estate Appraising King of Prussia, PA 06/97 The FHA Appraisal Harrisburg Realtor Institute Camp Hill, PA 3/98 A Closer Look at Home Construction Harrisburg Realtor Institute Camp Hill, PA 4/98 Ethics-Doing the Right Thing Real Estate School of York & Adams Counties York, PA 5/99 Intro to Commercial Appraisals Real Estate School of York & Adams Counties York, PA 5/99 Law and Order:USPAP and PA Law McKissock Data Systems Richmond, VA 3/98 A Closer Look at Home Construction Harrisburg Realtor Institute Camp Hill, PA 9/00 Understanding Depreication · Harrisburg Realtor Institute Camp Hill, PA 10/00 USPAP-Mandatory Professional Memberships and DesicJnations Memberships Greater Harrisburg Board of REALTORS Lancaster County Board of REALTORS Lebanon County Board of REALTORS Pennsylvania Associalion of REALTORS National Association of REALTORS York & Adams Counties Board of REALTORS Designations State Certified Real Estate Appraiser GRI - (Graduate of the Real Estate Institute) PA State Real Estate Broker Experience Dynamic Appraisals, Inc. 1993 - Present Certified Residential Appraiser/President J.H. Troup REALTOR/Appraisals 1991-1993 Assistant Appraiser Self;Employed 1979-1991 R.E. License, R.E. Investment Analysis Rental Property, Property Management Appraisal Experience Daniel A. Hoffman/Dynamic Appraisals, Inc. currently services 9 counties in South Central Pennsylvania and these 17,805+ appraisals, totalling over 1.9 billion dollars, have been performed on existing residential, new builds, construction, vacant land, subdivision, multi- family income producing, and some commercial property. A client list is available upon request. MEMORANDUM ESTATE OF BARBARA FRESSIE HOUSEHOLD AND PERSONAL PROPERTY VALUATION Article Tiffany lamp Kitchen table with four chairs Appliances: refrigerator, dishwasher, stackable washer and dryer Juicer Wall plaques, trivets, etc. China cabinet and contents Bird feeder Patio table with four chairs Pots and pans Wooden chest German wall clock Wall mirror Wooden butter chum Wooden violin Poster bed Guest bedroom furniture: desk, bed, dresser, hutch Quilt hangings Wooden bookshelf Bedroom lamps Rocking chair Wooden school desks Microwave Value $ 100 $ 250 $ 600 $ 20 $ 10 $ 200 $ 15 $ 5O $ 2O $ 10 $ 5O $ 5O $ 5 $ 100 $ 200 $ 500 $ 100 $ 50 $ 50 $ 25 $ 100 $ 50 Total Value $2555.00 MEMORANDUM ESTATE OF BARBARA FRESSIE EXPENSE REIMBURSEMENTS Jenell Patton Storm door replacement- 1133 Nanroc Drive Car return fee to Jeff' s auto CcH phone bills while caretaking for mom (Jan-Mar 2002) Total sought for reimbursement Jennifer Patton Clancy Piano moving fee - Ostrander pianos Window replacements - 1133 Nanroc Drive Grandchild birthday gifts Walker and compression stockings Family meals during two days of sorting house contents Family meal on night of viewing Family meal on night of memorial service Total sought for reimbursement Kamela Patton Big K: organizers, shoe boxes, elite zoom, hooks, bounty, shelf Walmart: batteries, wm white 1/2, goo gone Office depot: extension cord Lowe's: perfoma-dishwasher, hurricane lamp Lowe's: dishwasher installation fee Walmart: 900 ph/ld phone Walmart: 2 black cartridges Home Depot: microwave, fire ext., 409, garbage disposal Aim-n-flame, schlag Office Max: self-service copies, imaging Sears: outfit Home Depot: rod, mntg, 60 mm slide, 12" turntable Super Shoe: diabetic socks, heavy socks, navy socks Super Shoe: heavy socks Walmart: clx wipe, chore boy, cascade, val gardland, poise poufunigel Brookstone: magnifying lens Lowe's: extension cords $ 200.00 $ 100.00 $ 280.26 $ 58O.26 $ 324.20 $ 557.30 $ 35.00 $ 143.99 $ 155.23 $ 100.81 $ 73.64 $1390.17 $ 186.63 $ 20.00 $ 6.34 $ 335.95 $ 89.80 $ 42.36 $ 59.30 $ 208.69 $ 51.30 $ 23.20 $ 20.31 $ 41.93 $ 19.98 $ 23.00 $ 32.10 $ 3.06 Value City: couch return and restocking fee Healthy Choice: frequency machine, juicer Sears: underwear US Airways: flight change fee Sears: extra photos Vern: door installation, garbage disposal installation, fire ext Rite Aid: gel pen, cards, superglue, tape, cuticle cream Super Shoe: 6 pairs socks Office Max: 1 EZD viewbinder Office Depot: labels, address book Staples: fax cartridges Office Max: notebook Lowe's: door numbers, hinges, gripper SuperPetz: fish items CVS Pharmacy: band-aids Boscov's: tea kettle Boscov's: spa Afterthoughts: gloves Sears: rug Boscov's: frames, comforter CVS Pharmacy: band-aids, aquaphor Rite Aid: post-its, reading glasses, envelopes Office Max: notebook Franklin Printing: state requests Staples: sheet protectors, protect-n-tab Home Depot: keys Giant: groceries Healthy Grocer Weis: prescriptions Weis: groceries SuperPetz: ammonia items JC Penney's: traverse rod Staples: tape, notebook WalMart: suave shampoo, band aids, socks, coke WalMart: tape, candles SuperPetz: system 6 filters Staples: copies, notebook, protect-n-tab Family cemetery plot Gingrich: headstone RadioShack: tape recorder, tapes Office Max: yellow files, sharpie, copies, notebooks Draperland: rod installation Healthy Grocer Giant: groceries CVS: tape CVS: pill cutter, band-aid $ 238.98 $3,200.0O $ 3O.00 $ 70.00 $ 44.00 $ 60.00 $ 17.89 $ 36.96 $ 6.88 $ 25.55 $ 24.97 $ 6.70 $ 30.20 $ 117.56 $ 11.96 $ 15.89 $ 105.99 $ 16.96 $ 19.99 $ 38.28 $ 26.63 $ 13.84 $ 4.98 $ 4.45 $ 13.94 $ 6.58 $ 15.48 $ 11.58 $ 13.00 $ 33.16 $ 11.10 $ 34.98 $. 12.21 $ 30.52 $ 8.05 $ 10.59 $ 10.39 $1050.00 $ 470.00 $ 58.73 $ 41.55 $ 70.00 $ 19.33 $ 9.85 $ 19.82 $ 6.77 2 Footlocker: socks Healthy Grocer Rite Aid: envelopes, paper Afterthoughts: gloves Radio Shack: phone cord Giant: groceries Giant: groceries Weis: bags Office Max: envelopes, letters Office Max: gel pens, envelopes, copier paper Office Max: copies Signal Graphics: funeral brochures Signal Graphics: funeral brochures Rite Aid: film, mounting tape Ben Franklin: stamp, scissors Airline ticket promised for family friend to attend funeral Office Max: post its, tape, bags Office Max: pads, copies, sharpie pads Messiah Village: deposit Post office: postage CVS Pharmacy: denure bath, TDX tapes Office Depot: envelopes, letters Post office: postage Caretaker fees Cell phone bills for mother's health & personal affairs (Jan-May 2002) Out-of-state land-based phone calls for mother's health & personal affairs (Jan-May 2002) Auto rental for daughter in town for funeral week Wingate: hotel accommodations for daughters funeral week $ 19.48 $ 23.96 $ 6.68 $ 8.00 $ 6.01 $ 18.87 $ 15.37 $ 1.88 $ 34.92 $ 53.34 $ 7.32 $ 508.80 $ 791.67 $ 37.28 $ 14.29 $ 232.00 $ 26.99 $ 13.33 $ 500.00 $ 12.45 $ 8.08 $ 29.24 $ 60.00 $ 125.00 $ 1074.73 $ 459.55 $ 292.88 $ 705.15 Total expenditures ($12,377.51) less life insurance monies to Kamela earmarked for estate ($ 8,060.00) Total sought for reimbursement 4317.51 Sheri Patton Digestive enzymes from Jean Reist Cell phone bills while caretaking for mom (Jan-Mar 2002) Lost evening job income for emergent caretaking of mom Total sought for reimbursement $ 42.00 $ 270.00 $1000.00 $1312.00 3 First Class Mail ATTORNEYs AT IAW ONE SOUTH MARKET SQUARE P.O. BOX 1146 HARRISBURG, PA 17108_1146 3'0: Cumberland Cotinty Register of Wills Cumberland Com~.ty Courthouse 1 Courthouse Square Carlisle, PA 17013 BUREAU OF ZNDZVZDUAL TAXES INHERITANCE TAX DIVISION DEPT. Z80601 HARRISBURG, PA 171Z8-0601 CONMONNEALTH OF PENNSYLVANZA DEPARTNENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAZSEHENT, ALLO#ANCE OR DZSALLONANCE OF DEDUCTIONS AND ASSESSHENT OF TAX RE¥-16~? EX AFP C01-05) STANLEY A SHITH ESQ RHOADS 8 SINON PO BOX 11q6 HBG PA 17108 DATE 05-17-Z005 ESTATE OF FRESSIE DATE OF DEATH 0:5-Z9-2002 FILE NUNBER Z1 02-0:570 COUNTY CUMBERLAND ACN 101 Amount BARBARA J HAKE CHECK PAYABLE AND REN'rT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 1701:5 CUT ALONG THIS LINE II~ RETAIN LONER PORTION FOR YOUR RECORDS ~ REV-1547 EX AFP (01-03) NOTICE OF INHERITANCE TAX APPRAZSENENT, ALLONANCE OR DZSALLONANCE OF DEDUCTIONS AND ASSESSNENT OF TAX ESTATE OF FRESSIE BARBARA J FILE NO. 21 02-0370 ACN 101 DATE 03-17-200:5 TAX RETURN NAS: (X) ACCEPTED AS FILED ( ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAZSED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Roe1Estato (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) $. Closely Held Stock/PertnershAp Interest (Schedule C) (3) q. Nortgegas/Notes Receivable (Schedule D) (q) 5. Cash/Bank Deposits/Hisc. Personal Property (Schedule E) ($) 6. Jointly Owned Property (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. Tote1 Assets APPROVED DEDUCTZONS AND EXENPTZONS: 9. Funeral Expanses/Ada. Costs/Hisc. Expanses (Schedule H) (9) 10. Dobts/Nortgega Liabilities/Liens (Schedule I) (10) 11. Total Deductions 12. Net Value of Tax Return 6q,155.00 ~20 53 O0 O0 1~/886.65 105 26 O0 (8) 18,865.85 78,182.52 (11) (12) 13. 1~. NOTE: ASSESSMENT OF TAX: 15. Amount of LLne 1~ at Spouse1 rate 16. Amount of Line 1~ taxable at Lineal/Class A rata 17. Amount of Line 1¢ et S/bling rate 18. Amount of Line lq taxable et Collateral/Class B rate 19. Principal Tax Due TAX CREDZTS: PAYHENT RECEXPT DXSCOUNT DATE NUHBER INTEREST/PEN PAID (-) CharAteble/Governmental Bequests; Non-elected 911:3 Trusts (Schedule J) (13) Not Value of Estate Sub.~ect to Tax (1~) Zf an assess;ant Nas issued previously, lines 14, 15 and/or 16, 17, reflect figures that include the t0tal of ALL returns assessed to date. NOTE: To insure proper credit to your account, submit the upper portion of th~s fora w~th your tax payment. 79,567.qq IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. 97.0~8.37 17,q80.95- .00 17,q80.95- 18 and 19 Nill (15), .00 X O0 : .00 (16). .00 X Oq5 = .00 (17), .00 x 12 = .00 (18), .00 x 15 = .00 (19)= . O0 ANOUNT PAID TOTAL TAX CREDIT I BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE .00 .00 .00 .00 ( ZF TOTAL DUE ZS LESS THAN $1~ NO PAYHENT ZS REgUZRED. IF TOTAL DUE ZS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.) Name of Decedent: STATUS REPORT UNDER RULE 6.1 ~ Barbara J. Fressie Date of Death: March 29, 2002 Will No. Admin. No. 00370-2002 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration o£the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: Yes If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? No X 496014.1 b. The separate Orphans' Court No. (if any) for the personal representative's account is: Co parties in interest? Yes Did the personal representative state an account informally to the X No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: Signamre(~ff,-~ Stanley A. Smith, Esquire Name (Please type or print) Rhoads & Sinon LLP P. O. Box 1146 Harrisburg, PA 17108-1146 Address 717-233-5731 Tel. No. Capacity:~ X Personal Representative __Counsel for personal representative