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09-27-13 (2)
J 1505611185 REV-1500 EX(02-11)(FI) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number , Bureau u of of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN 21 12 0763 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 06282012 01121926 Decedent's Last Name Suffix Decedent's First Name M I CARTER MATHILDE YATES (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW ® 1. Original Return ❑ 2. Supplemental Return ❑ 3. Remainder Return(Date of Death Prior to 12-13-82) ❑ 4. Limited Estate ❑ 4a. Future Interest Compromise(date of ❑ 5. Federal Estate Tax Return Required death after 12-12-82) ® 6. Decedent Died Testate ❑ 7. Decedent Maintained a Living Trust a-- 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) ❑ 9. Litigation Proceeds Received ❑ 10. Spousal Poverty Credit(Date of Death ❑ 11. Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT- THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number ELIZABETH P . MULLAUGH 717-237-5243 REGISTI,ROF WILLS USE;ONLY c-> First Line of Address P- O - BOX 1166 Le Second Line of Address City or Post Office State ZIP Code r ,DATE FILED a HARRISBURG PA 171081166 Correspondent's is-mall address: EMULLAUGH@MWN• COM Under penalties of perjury, I declare that I h ined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,corr 2 complete ration of pr Wwr other than the personal representative is based on all information of which preparer has any knowledge. SIGNA RESPONSIB ILING RETURN DATE ADDRE S 1571 BOILING SPR14GS RD . , P . 0 - BOX1f6 BOILING SPRINGS, PA 1 007 SIGNATURE OF PREPARER OT R THAN REPRE E DATE MCNEES WALLACE NURICK L ADDRESS 100 PINE STREET, P . O . BOX 116 HARRISBURG, 17108-1166 PLEASE USE CIRV31NAL FORM ONLY Side 1 L 1505611185 OM46478000 1505611185 J _J 1505611285 REV-1500 EX(Fl) Decedent's Social Security Number Decedent's Names CARTER MATHILDE YAT Q RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 179,000 .00 2. Stocks and Bonds(Schedule B). . . . . . . . . . . . . . . . . . . . . . . . . 2 0 .00 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C), , , , , g 0•00 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . . . . . . q 0. 00 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E) , , , , . 5 65,743.00 6. Jointly Owned Property(Schedule F) F-1 Separate Billing Requested , , , , 6. 0.DO 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) 0 Separate Billing Requested . . . . 7. 514 ,386-00 8. Total Gross Assets(total Lines 1 through 7) , , , , , , , , , , , , , , , , , , 8. 7591129.00 9. Funeral Expenses and Administrative Costs(Schedule H). . . . . . . . . . . . . 9. 27,524 .00 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) , , , . , , . . . 10. 161977.00 11. Total Deductions(total Lines 9 and 10), , , , , , , , , , , , , , , , , , , , , 71 441501-00 12. Net Value of Estate(Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . 12 714,L.2 8 . 00 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J), , , , , , , , , , , , , , , , 13 0.00 14. Net Value Subject to Tax(Line 12 minus Line 13) . 14. 7141628. 00 TAX CALCULATION .SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers unfler Sec.9116 (_111.2)X.0- 0 . 00 15. 0.00 16. Amount of Line 14 t xable at lineal rate X.0 4 9 11-00 16. 0 . DO 17. Amount of Line 14 taxable at sibling rate X.12 0 .00 17, 0. 00 18. Amount of Line 14 taxable at collateral rate X.15 7141628 - 00 18. 107,194 .00 19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 107,194 .00 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT -1 Side 2 L 1505611285 1505611285 OM4648 3.000 REV-1500 EX(FI) Page 3 File Number Decedent's Complete Address: 21 12 0763 DECEDENTS NAME CARTER MA L E Y E STREETADDRESS CUMBERLAND COUNTY CITY STATE ZIP BOILING SPRINGS p ?— Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 107,194 .00 2. Credits/Payments A.Prior Payments 10161000-00 B.Discount 5,360.00 Total Credits(A+B) (2) 111,360.00 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1+Line 3,enter the difference.This is the OVERPAYMENT. Fill In box on Page 2, Line 20 to request a refund. (4) 4 ,166 - 00 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) Q.0 Q 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 . . . . . . . . . . . . . . . . . . . . . . . . 1:1 7 b. retain the right to designate who shall use the property transferred or its income . . . . . . . . . . ❑ ❑X c. retain a reversionary interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ d. receive the promise for life of either payments,benefits or care? . . . . . . . . . . . . . . . . . . ❑ 2. If death occurred after Dec. 12, 1982,did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ 3. Did decedent own an"in trust for'or payable-upon-death bank account or security at his or her death? ® ❑ 4. Did decedent own an individual retirement account,annuity,or other non-probate property,which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994, and before Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116 (a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from lax,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. 1 For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in 172 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)]. A sibling is defined, under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. e M4a71 2.00e REV-1502 Ex t(01-10) pennsylvania SCHEDULE A DFPPRI WOFREVENUE WIURITANCE TAX RETURN REAL ESTATE RESIDEWXMDENT ESTATE OF: FILE NUMBER: Mathilde Yates Carter 21 12 0763 All real property owned solely or as a tenant in common must be reported al fair market value.Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller,neither being compelled to buy or sell,both having reasonable knowledge of the relevant facts. Real property that isjointlyowned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet ifthe property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Real Estate known as 115 Front Street, South Middleton Township, Cumberland County, Boiling Springs, PA appraised value 179,000 TOTAL (Also enter on Line 1,Recapitulation.) E 179,000 9w4695 2.000 If more space is needed,use additional sheets of paper of the same size. REV-1508 EXa(08-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. REs ENTI)ECeoENiTUR" PERSONAL PROPERTY ESTATE OF: FILE NUMBER: Mathilde Yates Carter 21 12 0763 Include the proceeds of litigation and the date the proceeds ywe received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. PNC Bank Checking Account #5140181715 58,825 Interest accrued to 6/28/2012 0 2 Mountainview Thoroughbred Racing Association Account 2,618 3 1998 Cadillac Eldorado @ sale price 4,300 TOTAL(Also enter on line 5,Recapitulation) $ 65,743 2w48A0 2.000 if more space is needed,use additional sheets of paper of the same size. REV-1510 EX.i0 SCHEDULE G pa nnsylvania DEPARTMENT OF REVENUE INTER•VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC.NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Mathilde Yates Carter 21 12 0763 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. DESCRIPTION OF PROPERTY ITEM N E�w rOF,>E FERSE, �a aEUnOOSHP TO MCEDErn . DATE OF DEATH %OFDECD'S EXCLUSION TAXABLE NUMBEF TE OF ER,ATTr AO OR TR DEER FOR REAL ESTA:E. VALUE OF ASSET INTEREST (FO UCABEE VALUE 1. Stifel Nicolaus Account Number C141 6417-4944 513,120 100.0000 0 513,120 Transfer on Death to Marshall L. Dixon, Nephew Interest accrued to 6/28/2012 1,266 100.0000 1,266 TOTAL(Also enter on line 7,Recapitulation)$ 514,386 If more space is needed,use additional sheets of paper of the same size. 9W46AF 2.000 REV-s„EX.c pe SCHEDULE H nnsylvania DEPARTMEWOF REVENUE FUNERAL EXPENSES AND NNFRITMCE TAx RETURN ADMINISTRATIVE COSTS RESIDEMDECEDENT ESTATE OF FILE NUMBER Mathilde Yates Carter 21 12 0763 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERALEXPENSES: 1, Hoffman - Roth Funeral Home & Crematory, Inc. Funeral expense 10,808 Total from continuation schedules . . . . . . . . . 900 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2. Attorney Fees: 12,600 3. Family Exemption:(If decedent's address is not the same as claimant's,attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: 410 5. Accountant Fees: 6. Tax Return Preparer Fees: 7. 1 McNees Wallace & Nurick LLC Costa: Exemplified Copies $ 80.00 EVP pricing 27.90 Postage Expense 8.13 Photocopy Expense 13.40 129 Total from continuation schedules . . . . . . . . . 2,677 TOTAL(Also enter on Line 9,Recapitulation) $ 27,524 9w46AC 2.000 If more space is needed,use additional sheets of paper of the same size. Estate of: Mathilde Yates Carter 21 12 0763 Schedule H Part 1 (Page 2) Item No. Description Amount 2 Gingrich Memorial cost of memorial 900 Total (Carry forward to main schedule) 900 Estate of: Mathilde Yates Carter 21 12 0763 Schedule H Part 7 (Page 2) 2 Suburban Propane balance due 1,374 .3 McNees Wallace & Nurick LLC Costs: Legal Adv. $ 225.00 Postage Exp. 9.15 Short Certificate 12.00 Photocopy Exp. 11.80 258 4 PNC Bank Service Charges 150 5 Don Logan Services rendered 895 Total (Carry forward to main schedule) 2,677 REV-1512 EX.(12-08) pennsylvania SCHEDULE I DERARm-ENroF REVENUE DEBTS OF DECEDENT, NHMTANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDEMDECEDENT ESTATE OF FILE NUMBER Mathilde Yates Carter 21 12 0763 Report debts Incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. PA Department of Revenue Final 2012 Personal Income Tax paid 1,833 2 Internal Revenue Service Final 2012 Personal Income Tax paid 3,603 3 Yellow Breeches EMS Medical services rendered 550 4 Internal Revenue Service 2011 Personal Income Tax paid 9,549 5 PA Department of Revenue 2011 Personal Income Tax paid 1,442 TOTAL Also enter on Line 10,Recapitulation) $ 16,977 BW46AH 2.000 If more space is needed, insert additional sheets of the same size. REV-1513 EX-( SCHEDULE J Pennnsns ylvania DEPARTMENL OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Mathilde Yates Carter 2112 0763 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustees) OF ESTATE I TAXABLE DISTRIBUTIONS(include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 1, Marshall L. Dixon 1571 Boiling Springs Road P.O. Box #6 Boiling Springs, PA 17007 Stifel Nicolaus Account Number C141 6417-4944 Inventory Value: 513,120 Accrued: 1,266 100% of Residue: 200,242 Nephew 714,628 2 Charlotte Dixon Altschul 323 Bayview Street Camden, ME 04843 Niece 0 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0 9W46AI 2.000 If more space is needed, use additional sheets of paper of the same size. RECORDED OFFICE OF REGIS ER OF VIUS 1011 JUL I I PM 4-- 00 J ORPHAN'S COURT LAST WILL AND TESTAMENT CUMBERAD CO., PA OF MATHILDE YATES CARTER I, MATHILDE YATES CARTER, a/k/a MATHILDE Y. CARTER, of Boiling Springs, Cumberland County, Pennsylvania, make this Will, hereby revoking all my former Wills and Codicils. ARTICLE ONE TANGIBLE PERSONAL PROPERTY § 1.1 1 bequeath all my tangible personal property, other than the contents of my condominium unit located in Fort Lauderdale, Florida, at 1956 South Ocean Lane, #10(the "Florida Apartment"), which shall pass under§1.2 below, including by way of illustration but not by way of limitation, my household furniture and furnishings, paintings, books, automobiles, jewelry and personal effects, exclusive of any such property used in a trade or business, in accordance with the terms of a signed and dated memorandum I may prepare. If no such memorandum is received or located by my Executor within sixty(60) days after being appointed as such, after a reasonable.search for such memorandum, my Executor shall be held harmless for distributing such assets as hereafter provided. I bequeath any such property not disposed of by such memorandum, or all of such property If no such memorandum.is sc.received or!ccated, to my nephew, MARSHALL L. DIXON ("Marshall"), if he survives me. If Marshall does not survive me, I bequeath all such property to my niece, CHARLOTTE DIXON ALTSCHUL, n6e CHARLOTTE IVY DIXON ("Charlotte"). § 1.2 The contents of the Florida Apartment shall pass to the recipient of such real property under the terms of"The Mathilde Yates Carter Revocable Trust" created under Agreement dated as of even date herewith, by myself, as Settlor, and myself, as Trustee, as the {A2600135:1) same may have been or may be further amended or restated prior to my death ("My Revocable Trust"), or, if such trust is not in existence, to Charlotte, and if Charlotte is not then living, to Marshall. § 1.3 To the extent practicable in the Executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. § 1.4 1 direct that the expenses of storing, packing, shipping, insuring and delivering any such property to the beneficiary entitled thereto shall be paid by the Executor as an administrative expense of my estate. ARTICLE TWO SPECIFIC DEVISE AND BEQUEST §2.1 1 devise my real property located at 115.Front Street, Boiling Springs, Pennsylvania, to MARSHALL L. DIXON, if Marshall survives me. If Marshall does not survive me, I devise such property to CHARLOTTE DIXON ALTSCHUL, if she survives me and if she does not survive me,to her then living issue, per stirpes, as tenants in common. § 2.2 1 intend that the Florida Apartment be distributed in accordance with the terms of My Revocable Trust; however, if My Revocable Trust is not in existence as of the date of my death, the Florida Apartment shall be devised to CHARLOTTE DIXON ALTSHUL, If she is then living and if she is not then living, to MARSHALL L DIXON. §2.3 If, prior to my death, I have sold the Florida Apartment to a person other than Charlotte or an entity in which Charlotte does not have a beneficial interest, I bequeath to Charlotte the sum of One Hundred Thousand ($100,000)Dollars, if Charlotte survives me. tA2640135:11 -2- ARTICLE THREE RESIDUE § 3.1 1 devise and bequeath all the rest, residue and remainder of my estate to MARSHALL L. DIXON, if he survives me. If Marshall does not survive me, I bequeath such assets to CHARLOTTE DIXON ALTSCHUL, if she survives me and if she does not survive me, to her issue then living, per stirpes. ARTICLE FOUR APPOINTMENT OF FIDUCIARIES §4.1 1 appoint MARSHALL L. DIXON as Executor of this Will. If Marshall is unable or unwilling to act or continue to act,for any reason whatsoever, I appoint CHARLOTTE DIXON ALTSCHUL as successor Executrix. All references herein to the"Executor" shall mean my originally appointed Executor or my successor Executrix, as the case may be. §4.2 1 appoint the then serving Executor as Guardian of the estates of any minor beneficiaries under this Will, including the proceeds of any life insurance on my life payable to such minors and any other property, rights or claims with respect to which I am entitled to appoint a guardian and have not otherwise specifically done so. The Guardian shall have full authority to use such assets, both principal and income, in any manner the Guardian shall deem advisable for the best interests of the minor, including preparatory, college and graduate education, and professional, vocational or technical training, without securing a court order. ARTICLE FIVE POWERS OF FIDUCIARIES §5.1, No fiduciary under this Will shall be required to give bond or other security for the faithful performance of the fiduciary's duties. (A2640135:1) -3- §5.2 Any such fiduciary shall have, without restriction or qualification, all powers given by law, including without limitation those under the Pennsylvania Probate, Estates and Fiduciaries Code, in addition to the following powers: § 5.2.1 To invest in, accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction to legal investments. § 5.2.2 To sell, exchange, partition or lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without.security. § 5.2.3 To borrow money from any person Including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property. §5.2.4 To hold shares of stock or other securities in nominee registration form, including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery. § 5.2.5 To engage in litigation and compromise, arbitrate or abandon claims. §5.2.6 To make distributions in cash, or in kind at current values, or partly in each, allocating specific assets to particular distributees on a non-pro rata basis, and for such purposes to make reasonable determinations of current values. § 5.2.7 To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax returns and the payment of such taxes,without obligation to adjust the distributive share of income or principal of any person affected thereby. § 5.2.8 To determine the apportionment of receipts and expenses, including extraordinary cash dividends, stock dividends, capital-gain dividends of regulated investment companies and proceeds and expenses of the sale of unproductive real estate, between income and principal, such apportionment to be made so as to balance fairly the interests of any income beneficiary and the remaindermen. §5.2.9 To allocate, in the Executor's sole and absolute discretion, any portion of my exemption under Section 2631(a) of the Internal Revenue Code to any property as to which I am the transferor, including any property transferred {A21540135:1) -4- by me during my lifetime as to which 1 did not make an allocation prior to my death. §5.2.10 To disclaim any interest I may have in any estate if the Executor deems such disclaimer to be in the best interests of my estate and the beneficiaries thereof. ARTICLE SIX PROVISION FOR TAXES § 6.1 All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature payable by reason of my death to any government or subdivision thereof upon or with respect to any property subject to any such tax except any such property passing under the terms of My Revocable Trust, and any penalties thereon, shall be paid by the Executor out of the principal of that portion of my estate disposed of by Article Three of this Will, and all interest with respect to any such taxes shall be paid by the Executor out of the income or principal or partly out of the income and partly out of the principal of such portion of my estate, in the absolute discretion of the Executor. My Executor shall not make apportionment among or seek reimbursement from the beneficiaries, recipients or owners of such property for any such taxes, penalties or interest. Notwithstanding any provision of this Article Six to the contrary,the Executor shall not pay any such taxes, penalties or interest attributable to any property included in my estate solely because of a power of appointment thereover that I possess but have not exercised, any qualified terminable interest property or any property passing under the terms of My Revocable Trust. (A2640135:1) -$- COMMONWEALTH OF PENNSYLVANIA_ ss. COUNTY OF DAUPHIN We, MATHILDE YATES CARTER, the testatrix, E l;`�5`f`` P, /4,AtiL and \kan y- yrlabe ,the witnesses, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her Last Will; that the testatrix signed willingly and executed it as her free and voluntary act for the purposes therein expressed;that each subscribing witness in the hearing and sight of the testatrix signed the Will as a witness and that to the best of his or her knowledge the testatrix was at that time eighteen (18)years of age or older, of sound mind and under no constraint or undue influence. MATHILDE YATES CARTER Ines it ess Subscribed, sworn to and acknowledged before me by MATHILDE YATES CARTER, the testatrix. and// subscribed and sworn to before me by C1;z.4.x P. A.f te.4 k and Jeu� V• Y( tiL f E the witnesses, this 2nd day of November, 2011. Notary Public (SEAL) COMMONWEALTH OF PENNSYLVANIA NOWW 5--4 MaHanW H.Aa1,NOMY ROC city of Hamwxn,0auom ownty W cwmk wDOM3 n 10,2014 (A2640135:1) - $- BASSETT APPRAISAL SERVICES File No 12-107 APPRAISAL OF PUL t' Limited Appraisal Report LOCATED AT: 115 Front Street Boiling Springs,PA 17007-9418 FOR: Marshal Dixon PO Box 6 Boiling Springs,PA 17007 BORROWER: N/A AS OF: June 28,2012 BY: William A.Bassett PA General Certified Appraiser/PA-GA001 61 8L BASSETT APPRAISAL SERVICES File No.12-107 December 11,2012 Marshal Dixon PO Box 6 Boiling Springs,PA 17007 File Number: 12-107 Dear Mr.Dixon: In accordance with your request, I have appraised the real property at: 115 Front Street Boiling Springs,PA 17007-9418 The purpose of this appraisal is to develop an opinion of the market value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of June 28,2012 is: $179,000 One Hundred Seventy-Nine Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Sincerely yours, William A.Bassett PA General Certified Appraiser/PA-GA001618L BASSETT APPRAISAL SERVICES Pro monlDescrotifichn UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 12-107 Property Address 115 Front Street City Boiling Springs; State PA 2n Code 17007 Legal Description Deed Book 25U/Page 388 County Cumberland Assessors Parcel No.Tax 40-29159 Tax Year 2012 R.E.Taxes 12327.00 Secial ASSessmems$ N/A Borrower N/A Cuna!Owner Estate/Malhilde Y.Carter Occu ant Owner Tenant X Vacant „ Primary rights a raised X Fee Sim le Leasehold Project Type U BUD U Condominium HUDNA only) HOA$ Me, Neighborhood or Project Name South Middleton Township Map Reference Map 29-2482 Census Tract 0125.02 Sale Price$ N/A Date of Sale N/A Description and$amount of loan thanes/concessions to be pandbysoirl, N/A LendenClient Marshal Dixon Address PO Box 6 Boiling Springs PA 17007 A raiser W Iliam A.Bassett Address 716 West North Street Carlisle PA 17013 Location Urban Suburban LJ Rural Predominant Single family housing Preuvrtlanduse% Land use change Built up X Over 75% 25-75% occupancy PRICE AGE p ❑ ❑ Under 25% stmt �I One family 80% ❑X Not likely ❑Likely Growth rate ❑ Rapid ®Stable ❑Slow ❑X Owner 100 Low 50 2-4 family 10% ❑ In process Property values ❑ Increasing X❑Stable ❑Declining ❑Tenant 300 Hi h 150 Mapamiy 5% TO: Demand/supply ❑Shortage X❑In balance ❑OasXpy ©Verert(05%) .a Predominam NB' Commercial 5% Marketing time Under 3 mos. 1 3-6 mos. Over 6 mos, vxwx ma 5%) 225 100 Note:Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: Front Street to the east Leg islative 174 to the north Hi q IT Street to the west 4th Street to the south • Factors that affect the marketability of the properties in the neighborhood(proximity to employment and amenities,employment stability,appeal to market,etc.): Set becl property is located within South Middleton Township in a village known as Boiling Springs.It is located approximately 5 miles south of the Borough of Carlisle. Carlisle is the county seat of Cumberland County and is the ma or employment,po ulation and shopping centers for the central section of Cumberland County. Overall all amenities are within a short distance of the subject property 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 neighborhood,description of the prevalence of sales and financing concessions,etc.): Property values are currently stable to slightly increasing. Interest rates range between 3.5 to 5 per cent for conventional FHA and VA financing within the local market area. The local market conditions appear to show a steady Flow of sales within the past three months.. _ Project Information for PUDS(II applicable)- Is the developerlbuilder in control cribs Home Owners'Association(HOA)? LJ YES NO Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Describe common elements and recreational facilities'. N/A Dimensions See Legal Description Topography Basically Level Silence .09aeres Corner Lot X Yes LJNo Size Typical for area Specific zoning classification and description Villa e-V Shape Rectangular Zoning compliance ®Legal El nonconforming(Grandfathered use) Illegal No zoning Drainage Appears adequate firmest&bestuse as improved present use Other use ex lain View Residential/Lake Utilities Public Other Off-site Improvements Type Public Private Landscaping Typical Electricity ❑X Street Asphalt ® ❑ Driveway Surface Concrete Gas 0 Curblgmtor Concrete ® ❑ Apparent easements None a anent Water © Sidewalk Concrete X❑ ❑ FEMA Special Flood Hazard Area Yes No Sanrtarysewer ❑X Streetlights Yes ® E) FEMA Zone Map Dare 03/16/2009 Storm sewer Alloy None FEMA Map No 42041CO244E Comments(apparent adverse easements,encroachments,special assessments,slide areas,illegal or legal nonconforming zoning,use.etc.): There are no apparent adverse easements encroachments orspecial assessments or illegal or legal nonconforming zoning. Sub ect property is located directly across the B hind Scribes Lake a main recreational and landmark of Bo inq Sibrinazis. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No of Units One Foundation Stn/Concrete Slab No Area Sq.Ft. 520 Roof ❑ No of Stories Two Exterior Walls S(n/Alum/Gd Crow Spare NO %Finished Yes Ceiling Unk ❑ Type(Terri Detached Roof Surface Shingle Basement Partial Ceiling Open Joist Walls Unk ❑ Design(Style) Two Story Gutters&Dwnspts. Aluminium Sump Pimp None Walls Stn/Conc Floor Unk ❑ ExisonglPhe.sed Existing Window Type D.H. Dampness None noted Floor Concrete None ❑ Age(Yes.) 1899 StiamlSCreens Yes/Yes Settlement None noted Outside ErNy No UrOnmn ❑ Effective Ads fftl 20 yrs Manufactured House No Infestation None noted ROOMS Foyer Livin Dining Kitchen Den Fairly Rm. Rec.Run. Bedrooms J Baths auntlr Other Area S Ft. Basernern Level 1 1 1 1 1 226 • Level 3 1 1 836 0 • Finished area above grade contains: 6 Rooms: 3 Bedrooms 1 Baths: 1.963 So are Feet of Gross Living Area INTERIOR MeterialslCondition HEATING KITCHEN EQUIP. ATTIC AMENITIES CARSTORAGE Floors C t/HdwNin I Type FHA Refrigerator © None ❑ Fireplace(s)M1_ ® None ❑ Walls Plaster/Avg Fuel Oil RangelOwn © Stairs © Patio ❑ Grudge Nol cars TrimlFinish Wood/Avg ConditiorrAV Disposal ❑ Drop Stair ❑ Deck ❑ Attached 0 Bath Floor Vin I/Av COOLING Dishwasher ❑ Scuttle ❑ Porch Front/Rr X❑ Detached 0 Bath Wainscot DW/Plaster/Avq Central None FanlHOOd ❑ Floor © Fence W Yard ® Buitl-In 0 Doors Wood/Avg Other None Microwave ❑ Heated ❑ Pool ❑ Carbon 2 Courtra N/A Wash-ra r Finished R Driveway 0 Additional features(special energy efficient items,etc.): Front porch,rear enclosed porch,fenced in rear and. Condition of the improvements,depreciation(physical,functional,and external).repairs needed.quality Of construction remodeling/additions,etc.: The subject property is in average condition and is well maintained. • Adverse environmental conditions(such as,but not limited to,hazardous wastes,toxic substances,etc.)present in the improvements,on the site,or in the immediate vicinity of the subject property: No adverse environmental conditions noted on the site or in the immediate vicinity. F...,N.In eras PAGE 10F2 Na MaeF-1001 ass rm mmnn w.Am.aszu em—1.svw BASSETT APPRAISAL SERVICES Valued..Section UNIFORM RESIDENTIAL APPRAISAL REPORT File NO. 12-107 ESTIMATED SITE VALUE S Comments on Cost Approach(such as,source of cost estimate. ESTIMATED REPRODUCTION COST NEW OF IMPROVEMENTSi site value,square loot calculation and for HUD.VA and FmHA,the of" 1.963 Sq.Ft. 0$ S 0 estimated remaining economic Ice of the property): Bsmt.520 Sq.Ft.0 S 0 The Cost Approach will generally result In an excellent F/P Porch Fence estimate of value if the building Is new or reasonably new. GuageCarpm _Sq.Ft. V$- and the Improvements reflect the highest and best use of the Td0f Estimated Cost Nov, ,,,,, ,,,,,,,, , f 0 land. _ Less Physical Functional Eaemal Est.Remaining Econ.Life: 30 However,when items of physical depreciation must be Deprecation . S 0 estimated an area ofjudgement is involved which is sub ct Depreciated Value of Improvements ,,,,,,,,,,,, ,,,,, .3 0 to error.The 'AS4s'Vekhe d Slice Improvements,,,,,,,,,,,,,,,,,,, .S Cost Approach was not utilized due to theage of the subecl INDICATED VALUE BY COSTAPPROACH .. . f 0 ITEM I SUBJECT COMPARABLE NO.1 COMPARABLE NO,2_ COMPARABLE NO.3 115 Front Street 380 Wilson Street 520 West South Street 593 West First Street Address Boillno S rills PA Carlisle PA Carlisle PA 17013 Boiling S tins PA Proximity to Subtlest 5.11 miles NW 5.18 miles NW 0.74 miles W Seim Price S N/A f 217,000 r f 190,000 1$ 190,000 PrkdGas W.Amer S 0.00 0 $ 124.64 0= S 95.24 0 r S 125.50 0� Dam awo, Inspection CentralPenn MUCt.Hs.Recerds CentralPenn MUCt.HS.Records CentralPenn MUCLHS.Recerds Verification Sources VNLEADJUSTMENTS DESCRIPTION DESCRIPTION s DESCRIPTION ,.. DESCRIPTION ..s Sales or Fhandug N/A None None None Concessions DOM 168 DOM 252 DOM 70 Date of Salelnme 09/2812012 04/2012 i 3/2012 10/2011 Location Urban Urban Urban Urban Leasdetlfee Shape Fee Simple Fee Simple Fee Simple Fee Simple Ske .09 acres .49 acres .13 acres .09 acres Vtw Residential Residential Residential Residential Design and Appeal TWO Sto /Det Two Sto /Det Two Sto /Det Two Sto /Det Curaho(Ocnandon Stn/Alum/Good Vin BricklVin UGood Vinyl Age 113 ears Mrs 73 years 22 years Condabn Avera a Good .10 000 Good -10.000 Good 10,000 Above Grade Tar'ores• anv ran•asm' are tau'arras' eat Tu„'male• am Room Lams 1 fit 3 1.00 8 4 2.00' -2,000 89 45 1.50• •1,000 7 3 2.10' .2,000 Goss LMno Area 1.963 SQTt. 1.741 S .Ft. 2.220 1,995 Sq Ft. -320 1,514 SqTt. 4,490 Basmim It Finished Partial Bsmt Full Bsmt Full Bsmt Full Bsmt Rooms Belo,Come Unfinished Partial Finished -5000 Part.Finished -5000 Unfinished Fumb."I UdIRY Typical Typical Typical Typical HeauncifCocang Oil FHA/None OFHA/CA -5 000 ORAD/None GFHA/CA -5,000 Ent ERden kart Typical Typical T seal TYPIcml GaregruCarptan 2 car carport 1 cer are a -2,000 1 car garage -2,000 1 car ara a -2,000 Perch,Patio,Deck. Fr/Encls porch Porch/Patio Porch/Patio PoPC patio Fhepl etc. 1 Fire lace 1 Fire lace I 1 Fireplace None 3,000 Fence Pool.etc. RrFenlnYd None 1,000 None 1,000 None 1 000 Net Ad. our •f 20780 •$ ' 17320 •f ' 10,510 A*sLd Sets Price Gross:12.5% Gross- I Gross:14,5% d Can rode Not: -9.6% S 196.220 Nn: -9.1% S 172,680 Net: -5.5% IS 179,490 Comments on Sales Comparison(Including the subject property's compatibility to the neighborhood,etc.): The SUblecl pro e and coin arables are located in similar market areas within Cumberland County. All the Coin arables are similar in age,style,utility,and condition with proper adjustments made for differences. All the Coin arables are verified sales and are the best available. After a search of the Boiling Splines and the surrounding area no coin arables were located similar to the subject property,therefore a search of South Middleton and Carlisle which is located approximately 5 miles awe y was utilized. ITEM I SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Dxte.PdceanGDam 0911611974 01122/2010 11/30/2000 08/13/2004 SotrcefwPicrwes $31,900 $1.00 $140,000 $156,000 , wahin d Ct Hse Records I Ct Hse Records Ct Hse Records Ct Hse Records Analysis of arty amen agreement of sale,option,a ring of the subject property and analysis of any prla sales of stoJataMmryaaOtsxfoin oreyexdth¢dted appraisal: The subject property has not sold or been listed within the past 3 years.The coin arables sales have not sold or been listed the year riot to the Current sale. INDICATED VALUE BY SALES COMPARISON APPROACH ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,s 236,000 INDICATED VALUE BY INCOME APPROACH Estimated Market Remf / Ador Corsi Rent / -S itds appraisal H made X '9s Is. Pgeamtierepeks elation inpctba a ardiias Wed bebx s stkJed lomnhpletionpa p'asehdspHkutm. Cat9bsdnpprahak The subject property was appraised in AS IS Condition Property was Inspection on December 5 2012. The As Is date is June 28 2012 Date of Death Final Reconciliation:Market Analysis consistently supports my estimated market value. GRIM and Cost Analysis was found Ina date for this analysis, Greatest weight is applied to the Market Data Analysis. SupPorting file Information substantiates these estimates. • The purpose of the appalsel is to estimate me market nkm of the real property that Is the subject of this repel,based on the above artlkkns and lheadilmlo.mbrgen and Mmkbig cOndkbns,and mahkt value deDhktn eat are staled in detached Fmd*Mx Farm 4394arNe Mae Farm 10048(Revised ). I(WE)ESTMATETHE MARKETVALUE,ASDEFINED,OFTIJE REALPROPERTVTNATISTHESUBIECTOFTHSREPORT ASOF June 28 2012 DOD (WHICHISTHEDATEOFINSPECTIONANDTHE DATEOFTMSREPORT)TOBES 179,000 APPRAISER: SUPERV60RYAPPRAMER(ONLYIF REOUR D): Siaatue���. p... CJ�ea-a Sig-- ❑ad ❑DI6Na Name William A.Bassett Name Impact Properly Date Report Simed 12/1212012 Date Raw Signed Sate CeNdcatani GA-001616-L State PA State Cenfxatni State G State License i State G State Lkense it State rat rtv FO„m cm PAGE 20F2 Fn.eu..Finah)Or am namuyvn„n_.,mannn...o.me,,, Bassett Appraisal Services File No. 12-107 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 area;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'sjudgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENTAND 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 the 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 cast 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 hazardous 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 slated 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 property. . 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;professmnal appraisal organizations;any state or federally approved financial institution;or any department,agency,or instrumentality of the United Slates or any slate or the District of Columbia; except that the lender/client may distribute the properly description section of the report only to data collection or reporting serwce(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 Page 1 of 2 Fannie Mae Form 10048 6-93 File No. 12-107 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: 1. 1 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,I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. 1 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 withheld any significant information from the appraisal report and I believe,to the best of my knowledge,that all statements and information in the appraisal report are true and correct. 3. 1 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. 1 have no present or prospective interest in the properly 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. 1 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. B. I 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. 1 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 I have otherwise staled in the reconciliation section. B. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as(omparables in the appraisal report, I 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. 1 personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I 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 individuals)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 repair,t will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal 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: 115 Front Street,Boiling Springs PA 17007-9418 APPRAISER: l/' SUPERVISORY APPRAISER(only if required) Signature: ��;, t."A Z%�nx+y,� Signature: Name. Wiliam A.Bassett Name: Dale Signed: 12/12/2012 Dale Signed: Stale Certiflcation#: GA-001618-1- Stale Certification#: or Slate License#: or Slate License#. Slate: PA Slate: Expiration Date of Certification or License: June 30,2013 Expiration Date of Certification or License: O Did ❑ Did Not Inspect Property PA General Certified Appraiser/PA-GA001618L Freddie Mac Form 439 693 Page 2 of 2 Fannie Mae Farm 1004B 693 SUBJECT PROPERTY PHOTO ADDENDUM Borrower:N/A File No.: 12-107 Progeny Address:115 Front SVeet Case No Cily: Bolling Sodngs Slate' PA Zip' 17007 Lender:Marshal Dixon FRONTVIEWOF SUBJECT PROPERTY a Appraised Date:June 29,2012 • a Appraised Value:S 179,000 0 _ - / •�• ' Ck 1 REAR VIEW OF SUBJECTPROPERTY rr ? .y" v>•, 11 a i �M r Ire ;••� • ��' STREETSCENE COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: NIA File No.: 12-107 Properly Address:115 Front Street Case No City: Boiling Springs Stale'PA Zip'17007 Lender:Marshal Dixon r;�211 .a,,.,, Cv• .�y'�•i �, COMPARABLE SALE F7 •y w+!� '-=J �fii:ri' i0�'t I 380 Wison Street �.•" -w 4' , . •i=, Carlisle,PA � <,iee, Sale Dale:0412012 i �� �- 1 Sale Price:f 217,000 4 � 1 COMPARABLE SALE 82 520- .-• "` . �, 111 Car West South Street Carlisle,� 4 isle,PA 17013 Sale Date:312012 - Sale Price:$190,000 COMPARABLE SALE F3 • ',� , 593 West First Street Boiling Springs,PA Sale Date: 10/2011 Sale Price:$190,000 PW 111 i FLOORPLAN SKETCH Borrower NIA File No.: 12-107 Propeny Address:115 Front Street Case No' City: Boiling Springs Slate' PA Zip'17007 Lender:Marshal D'aon 18' zi m Closed P 1 (Area:199 'J' R 26' 17 First Floor (Area:1027 fl'( a m Second Floor M M (Area:938 flj 28 1 26 10 ft I 1. Mi a Fln oo Fysl Floc r Froo. . -+an n 'Semoe Ftior-_ - - - ---- — -- _— e1"sre -- __-- _ r`.__ _._ _._ .dsb. - 4S ftl G _ JJ'x Is9i.. 9.H• 2n.5E' Gosed POrtn 199 A'9 _p7 x-`- - _ ;-_r -_-1G.59� - _ Stlr.' e 9e•w.-. zs. M7. - - ---sam Second Floor a IA0.9m n' e--- Sax` -- - l5'ii. - osd� ' ...40 LOCATION MAP Borrower: N/A File No.: 12-107 Property Address:115 Front Street Case No City. Boiling Sprinos State: PA Zip: 17007 Lendef:Marshal Dixon a � Schlusser �F -�a crrrk y 3A+ Op 1 .1 Middies Hartfsbgrg Pike ca. Comparable Sale 1 380 Wilson St Carlisle,PA 17013 a •�if *o (5.11 miles NW) i✓ ast CR u / to 3 Bs .our- YwmlkU Cdiq Cdkgv High 51 Carliste Comparable Sale 2 520 W South St W A"'1 Carlisle,PA 17013 Hickorytown (5.18 miles NW) or Rd N g )A W Bonny Brook 7! Subject 115 N Front St z� ?y Boiling Springs,PA 17007 8 d y "0ssc zi o sA > d = oa +IA EOb Ypt Rtl � JA our , Boil lg e +. Springs j' — '. ,"d yoh Fd CoylE i C U M B I ',,Owvy%d Comparable Sale 3 593 W 1st St v.*or Boiling Springs,PA 17007 south (0.74 miles W) �^ anon 1* d.+ pr prk Aad �cD I+.rk or r.rk or •� �F' Barnum Mount Holly Springs` s s : I.a .r � ^ '9?UIU iL\7(^_O Jiti•ID dtU1J P.Ctt J+JIL CUIp:f.lL'JII 6 Fd 2.7 milt! ,T W Ju1. 25. 2012 10:44AM PNC Bank No. 3912 P. 1/1 'PNC L"DING THE WAY July 25,2012 David E Gruver McNees Wallace &Nurick LLC 100 Pine St P 0 Boa 1166 Harrisburg, PA 17101 RE: Mathilde Y Caner SSN: 428-54-2236 DOD: 06-28-20I2 Dear Mr. Gruver: In response to your request for Date of Death(DOD)balances for the customer noted above, our records show the following: Checking Account Account# 5140181715 Established: 05-01-1969 MATHILDE Y CARTER DOD balance: $ 58,825.38 +0.35 accrued interest Interest paid 01-01-2012 tl=06-28-2012 $3.35 YTD Please note that this office provides date of death balances for deposit accounts(ITtAs,CDs, Checking and Savings). We do not process any financial transactions or provide statements, If you need assistance with any of these items,please call 1-888-PNC-BANK(1-888-762-2265) or stop by your local PNC Bank branch office. Sincerely, National Financial Services Center PNC Bank,N.A. Member FDIC This message is intended for the use of the individual or entity to which it is addressed and may contain information that is privileged, confrdenrial and exemprfrom disclosure under applicable law. If the reader of this message is not the intended recipient or the employee or agent responsible for delivering this message to the intended recipient,you are hereby notified that any dissemination, distribution or copying of this communications is strictly prohibired. If you have received this communication in error,please notify me immediately by reply or by telephone ar 800-762-1775 and immediately destroy this faxed document. Page 1 of 1 Estate Valuation Stifel Nicolaus Brokerage Account No. 6417-4944 Date of Death: 06/28/2012 Estate of: Estate of Mathilda Y. Carter Valuation Date: 06/28/2012 Account: 32298-0001 Processing Date: 03/05/2013 Report Type: Date of Death Number of Securities: 17 File ID: Carter - Jt. Stifel Nicolaus Account Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 500 AT&T INC (00206R102; T) COM New York Stock Exchange 06/28/2012 35.40000 34.95000 H/L 35.175000 17,587.50 2) 1200 ACCURAY INC (ARAY) COM The NASDAQ Stock Market LLC 06/28/2012 6.74000 6.37000 H/L 6.555000 7,866.00 3) 500 CATERPILLAR INC DEL (149123101; CAT) COM New York Stock Exchange 06/20/2012 82.70000 80.96000 H/L 01.830000 40,915.00 4) 200 CORNING INC (219350105; GLW) COM New York Stack Exchange 06/20/2012 12.60000 12.40000 H/L 12.500000 2,500.00 Div: 0.075 Ex: 05/29/2012 Rec: 05/31/2012 Pay: 06/29/2012 15.00 5) 800 PROGRESS ENERGY INC (743263105; PON) COM New York Stock Exchange 06/20/2012 60.20000 59.51000 H/L 59.855000 47,884.00 6) 1000 ENTERPRISE PRODS PARTNERS L P (293792107; EPD) COM New York Stock Exchange 06/28/2012 50.15990 49.21000 H/L 49.684950 49,684.95 7) 162 EXPRESS SCRIPTS HLDG CO (30219G108; ESRX) COM NASDAQ Stock Market 06/28/2012 54.95000 52.33000 H/L 53.640000 8,689.68 8) 500 EXXON MOBIL CORP (302310102; XOM) COM New York Stock Exchange 06/28/2012 83.46000 82.01860 H/L 82.739300 41,369.65 9) 600 GENERAL ELECTRIC CO (369604103; GE) COM New York Stock Exchange 06/28/2012 20.20000 19.87000 H/L 20.035000 12,021.00 Div: 0.17 Ex: 06/21/2012 Rec: 06/25/2012 Pay: 07/25/2012 102.00 10) 600 HEINZ H S CO (423074103; HNZ) COM New York Stock Exchange 06/28/2012 53.32000 52.71000 H/L 53.015000 31,809.00 Div: 0.515 Ex: 06/20/2012 Rec: 06/22/2012 Pay: 07/10/2012 309.00 11) 1290 HILTON HOTELS CORP (432848307) QUIDS 8$081531 Other OTC 06/28/2012 22.31250 Mkt 22.312500 28,783.13 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.2.0) Date of Death: 06/28/2012 Estate of: Estate of Mathilda Y. Carter Valuation Date: 06/28/2012 Account: 32298-0001 Processing Date: 03/05/2013 Report Type: Date of Death Number of Securities: 17 File ID: Carter - Jt. Stifel Nicolaus Account Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 12) 1000 KRAFT FOODS INC (50075N104; KFT) CL A New York Stock Exchange 06/28/2012 37.75000 37.10000 H/L 37.425000 Div: 0.290000 Ex: 06/27/2012 Rae: 06/29/2012 Pay: 07/16/2012 + 0.290000 37.715000 37,715.00 13) 2000 MERCK & CO INC NEW (58933Y105; MRK) CON New York Stock Exchange 06/28/2012 40.70000 40.18500 H/L 40.442500 80,885.00 DIV; 0.42 Ex: 06/13/2012 Rae: 06/15/2012 Pay: 07/09/2012 840.00 14) 492 PFIZER INC (717081103; PRE) COM New York Stock Exchange 06/28/2012 22.70000 22.26000 H/L 22.480000 11,060.16 15) 500 SOUTHERN CO (842587107; SO) COM New York Stock Exchange 06/28/2012 46.67000 46.10000 H/L 46.385000 23,192.50 16) 813 STIFEL FINL CORP (860630102; SF) COM New York Stock Exchange 06/28/2012 30.49000 29.80000 H/L 30.145000 24,507.89 17) 46649.69 Cash (CASH) 46,649.69 Total Value: $513,120.15 Total Accrual: $1,266.00 Total: $514,386.15 Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.2.0) Gruver, David From: RV, Inheritance Tax Extension [RA-InheritanceTaxExt @pa.gov] Sent: Monday, March 18, 2013 12:18 PM To: Gruver, David Subject: Out of Office: Carter Estate- Cumberland County- 2012-0763 The Department of Revenue no longer issues letters confirming receipt and approval of inheritance tax filing deadline extension requests. The Department allows one 6 month extension to filie the return. This extension only covers the filing of the return and does not extend the period of time to make a payment without the imposition of interest. Please note the specific name of the estate in the subject line of the e-mail and, either in the subject line of the body of the message, note the name of the decedent, file number, decedent's soical security number, and date of death. If any of these items was missing from your original e-mail submission, please resubmit your request. We also suggest that you keep a copy of this auto-reply, containing the name of the estate in the subject line, for your file as acknowledgement that you requested an extension. Questions on requesting an extension may be directed to the Inheritance and Realty Transfer Tax Divsion at 717-787-8327. i Gruver, David From: Gruver, David Sent: Monday, March 18, 2013 12:18 PM To: RV, Inheritance Tax Extension Cc: Mullaugh, Elizabeth, Gruver, David Subject: Carter Estate- Cumberland County- 2012-0763 RE: PA Inheritance Tax Extension Estate of Mathilde Yates Carter, a/k/a Mathilde Y. Carter Date of Death: June 28, 2012 SSN: 428-54-2236 File No. 2012-0763 Due Date: March 28, 2013 Dear Sir or Madam: We represent Marshall L. Dixon, Executor for the above mentioned Estate. Due to various unresolved issues, we are requesting an extension of time to file the PA Inheritance Tax Return. If you have any questions, please contact me. Thank you. Very truly yours, David Gruver, Pa.C.P. Paralegal McNees Wallace& Nurick LLC 100 Pine Street, P.O. Box 1166 Harrisburg, PA 17108-1166 Telephone: 717.23 7.5 362 Fax: 717.260.1658 daruver anmwn.com , McNees Wallace&Nurick LLe The foregoing message may be protected by the attorney-client privilege. If you believe it has been sent to you in error,do not read it. Please reply to the sender that you have received the message in error,then delete it. Thank you. Pursuant to U.S.Treasury Department Circular 230, unless we expressly state otherwise,any tax advice contained in this communication(including any attachments)was not intended or written to be used,and cannot be used, for the purpose of(i)avoiding lax-related penalties or(ii)promoting,marketing or recommending to another party any matter(s) addressed herein. 1 lollMcNees Wallace & Nurick LLC 100 Pine Street* PO Box 1166 • Harrisburg,PA 17108-1166 David E.Gruver, Pa.C.P. Tel: 717.232.5060 e Fax: 717.237.5300 Paralegal Direct Dial:717.237.5362 Direct Fax: 717.260.1658 dgruver @mwn.com September 26, 2013 Cumberland County Register of Wills 1 Courthouse Square Carlisle, PA 17013 RE: Estate of Mathilde Yates Carter DOD: June 28, 2012 File No: 21-12-0763 Dear Sir or Madam: Enclosed are the following items for filing: 1. PA Inheritance Tax Return 2. Inventory 3. Filing check in the amount of$30.00 Please date stamp our file copy and return to me in the envelope provided. If you have any questions or need additional information, feel free to contact me. Thank you. ID. Paralegal deg Enclosures c: Marshall L. Dixon, Executor wym.mm.com HARRISBURG, PA • LANCASTER, PA • SCRANTON, PA • STATE COLLEGE, PA • COLUMBUS, OH • WASHINGTON, DC 0 M N 'FE OF Z II M N .. .J F O t M ©RPR. ".i ; LL MBERL A 'w < H Q S N O -i O M cc (-) :;� w ° owU � ZOOa J x 2 W jr— H � J c� c . O af um C`J J u L;J r-i C� C3 U N � J � J Y ob V p zZ o CVO o m N N G CL _.� ,. _�,� , , , ' ,� � I s