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HomeMy WebLinkAbout11-13-13 1505611185 REVREV-1500 EX(02-11)(FI) -1 OFFICIAL USE ONLY Department of Revenue Bu reau of Individual Taxes County Code Year File Number Bu PO BOX 280801 INHERITANCE TAX RETURN 21 13 0636 Harrisburg, PA 17128.0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW 05222013 10191926 Decedent's Last Name Suffix Decedent's First Name MI LOGAN JOHN B (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) ® S. Decedent Died Testate ❑ 7, Decedent Maintained a Living Trust 1— 8, Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) ❑ 9. Litigation Proceeds Received ❑ 10.Spousal Poverty Credit(Date of Death ❑ 11. Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule 0) CORRESPONDENT- THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Tel one Numberr",;, STEVEN J . SCHIFFMAN, ESQ. 717-5k0�170 M RECUR OWLLSVE Ole � Se J^ rTt W rrl r First Line of Address Q:r SUITE 201 " c VE Second Line of Address r� co 2080 LINGLESTOWN ROAD to o City or Post Office State ZIP Code DATE FILED HARRISBURG PA 17110 Correspondents e-maltaddress: SSCHIFFMANa3SSBC-LAW-COM Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,correct and complete. Declaration of preparer other than the personal representative is based on all information of which pteparer has any knowledge. SIGNATURE OF PERSON RESPONSIBL FO FILING RETW DATE ADDRESS 110 SQiGAR E nIVE ETTERS, PA 17319 SIGMA BEESE I THAN REPRESENTATIVE DATE SS ADD 2080 STOW Zq RD- , SUITE 201 HARRISBURG, PA 17110 PLEASE USE ORIGINAL FORM ONLY Side { 1505611185 0M46413.000 1505611185 J 1505611285 REV-1500 EX(Fl) Decedents N l OGAN 10HN B RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 871500 - 00 2. Stooks and Bonds(Schedule B). . . . . . . . . . . . . . . . . . . . . . . . . 2. 1011397-00 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C), , , , , 3, 0 . 00 4. Mortgages and Notes Receivable(Schedule D) , , , , , , , , , , , , , , 4. 0.00 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E) 5. 66,337 - 00 6. Jointly Owned Property(Schedule F) D Separate Billing Requested - 6. 0.00 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) 0 Separate Billing Requested . . . . 7. 2,818-1'904 - 00 8. Total Gross Assets(total Lines 1 through 7) , , , , , , , , , , , , , , , , , , 8 3,074,138-00 9. Funeral Expenses and Administrative Costs(Schedule H). . . . . . . . . . . . . 9, 321480 - 00 10. Debts of Decedent, Mortgage Liabilities,and Liens(Schedule I) , , , , , , 10. 291l43-00 11. Total Deductions(total Lines 9 and 10), , , , , , , , , , , , , , , , , , , , , 11. 61,623 .00 12. Net Value of Estate(Line 8 minus Line 11) , , , , , , , , , , , , 12. 3,012,515 . 00 13. Charitable and Governmental BequestslSec 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, 3,012,515 . 00 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers unsier Sec.9116 (a)(12)X.O- 0 . 00 15, 0 . 00 16. Amount of Line 14 t cable at lineal rate x.D t?A 31012,515-00 16, 135,563-00 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 0.00 18. 0 .00 19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 135,563.00 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505611285 1505611285 OM4648 3.000 REV-1500EX(FI) Page Fite Number Decedent's Complete Address: 21 13 0636 DECEDENTS NAME d4HN B STREET ADDRESS 14 PARK CTRrIF CUMBERLAND CITY STATE ZIP CAMP HILL PA -6 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 1351563 .00 2_ Credits/Payments A. Prior Payments 1 13 ,15 3•0 0 B. Discount 61 558,• 00 Total Credits(A+B) (2) 1371711 . 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) 2,148 - 00 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 0 • 00 Make check payable t0: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN"X"IN THE APPROPRIATE BLOCKS I. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred . . . . . . . . . . . . . . . . . . . . . . . ❑ ��(L�-A����—} b. retain the right to designate who shall use the property transferred or its income . . . . . . . . . . ❑ 1 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 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 percenti72 P.S.§9116(a)(1.1)(i)j. For dates of death on or after Jan, 1, 1995, the tax fate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116 (a) (11)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000- • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent[72 P.S.99116(a)(1.2)]. • The tax fate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)j. • 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(3)(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 of adoption. CM4671 2,000 REV-1502EX+11e SCHEDULE A pennWOFREnia DEPARTF.e=MOF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENTDECEDENT ESTATE OF: FILE NUMBER: JOHN B LOGAN 21 130636 All real properly 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. Reat property that is jointly-owned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 14 PARK CIRCLE CAMP HILL, PA 17011 87,500 (SEE ATTACHED APPRAISAL) TOTAL (Also enter on Line 1,Recapitulation.) S 87,500 2w4695 2.000 If more space is needed,use additional sheets of paper of the same size. REV-1 W3 EX*(642) pennsylvania SCHEDULE B DEPARTMENT OF REVENUE STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER JOHN B LCSGAN 21 13 0636 All property jointly owned with right of survivorship must be disclosed on Schedule F. --MTE—M TF VALUE AT DATE NUMBERI DESCRI"ON OF DEATH 1255.232471 Shares CHEVRON STOCK 32,106 2 US SAVINGS BONDS 69,291 (SEE ATTACHED BOND REDEMPTION RECEIPTS) TOTAL. (Also enter on Line 2,Recapitulation) $ 101,397 2w4696 2.000 if more space is needed,insert additional sheets of the same size REV-1509 E%*(0612) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS &MISC. REnRp�cECEDENT RETURN PERSONAL PROPERTY ESTATE OF: FILE NUMBER: JOHN B. LOGAN 21 13.0636 Include the proceeds of litigation and the date the proceeds were received by the estate. All prope 'clod owned with ri ht of survivorshi must de discicsed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH t. 1996 SUBARU LEGACY (SALE PRICE) 1,500 2 M&T CHECKING ACCOUNT #56139586 6,784 3 M&T SAVINGS ACCOUNT #15004222179275 29,691 4 HOUSEHOLD PERSONAL PROPERTY 1,040 (SEE ATTACHED APPRAISAL) 5 BANK OF AMERICA REFUND 280 6 UNITED STATES TREASURY (YEAR END 12/2010 REFUND) 8,915 7 UNITED STATES TREASURY (YEAR END 12/2012 REFUND) 9,330 8 COMMONWEALTH OF PENNSYLVANIA PENSION 8,538 9 PA DEPARTMENT OF REVENUE (INCOME TAX REFUND) 117 10 VERIZON WIRELESS REFUND 43 11 ALLSTATE INSURANCE REFUND 10 12 PENNSYLVANIA TREASURY UNCLAIMED PROPERTY UNCASHED CHECKS 50 13 PPL REFUND 20 14 UNITED WATER REFUND 19 TOTAL(Also enter on line 5,Recapitulation) S 66,337 2w46AD 2.000 If more space is needed,use additional sheets of paper of the same size. REV-1510 EX+(08-09) V S� ED��G V pennsytvania DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC.NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER JOHN B. LOGAN LL 21 13 0636 This schedule must be completed and filed if the answer to any of questions t through 4 on page three of the REV-1500 is yes, DESCRIFFiON OF PROPERTY ITEM iw.inETtEw.Me OCT,EmaraFEREE,THEIRRElnTI0n5MP TO DECEDENTA,D DATE OF DEATH %OF DECO'S EXCLUSION TAXABLE NUMBS TIEDATEOF TRAaFEt ATTAOTAM"OF TIe DEED FOR REAL ESTATE VALUE OF ASSET INTEREST IFAPPUCABLB VALUE 1, WESTERN NATIONAL ANNUITY #AN203236 158,271 100.0000 0 158,271 BENEFICIARY: CATHERINE HAMILTON REALTIONSHIP: DAUGHTER 2 WESTERN NATIONAL ANNUITY CONTRACT #AN206567 37,141 100.0000 0 37,141 BENEFICIARY: ELIZABETH PIRIE RELATIONSHIP: DAUGHTER 3 COMMONWEALTH OF PA - DEFERRED COMPENSATION PLAN 374 100.0000 0 374 BENEFICIARY: ELIZABETH PIRIE RELATIONSHIP: DAUGHTER 4 EDWARD JONES ADVISORY ACCOUNT #616-18566-1-9 925,649 100.0000 0 925,649 BENEFICIARIES: NANCY LOGAN (25%) , CATHERINE HAMILTON (25%) , ELIZABETH PIRIE (25%) , EVAN DYNE (13%) , AND ALISSA LACNY (12%) RELATIONSHIP: CHILDREN 6 GRANDCHILDREN 5 �M&T IRA ACCOUNT #35004201716163 3,963 100.0000 0 3,963 Beneficiary: Elizabeth Pirie (formerly Wyche) 6 �Relationship: Daughter ED JONES STOCK ACCOUNT #616- 07871-1-2 1,688,067 100.0000 0 1,688,067 BENEFICIARIES: NANCY LOGAN (25%) , CATHERINE HAMILTON (25%) , ELIZABETH PIRIE (25%) , EVAN DYNE (13%) , AND ALISSA LACNY (12%) RELATIONSHIP: CHILDREN 6 GRANDCHILDREN 7 M&T IRA ACCOUNT #35004201716155 5,439 100.0000 0 5,439 Beneficiary: Elizabeth Pirie (formerly Wyche) Relationship: Daughter TOTAL(Also enter on line 7,Recapitulation)$ 2,818,904 If more space is needed,use additional sheets of paper of the same size, 9 W46AF 2.000 REV-1511 E*(pe) SCHEDULE H pennsylvania DEPARTMENT OF REVENUE FUNERAL EXPENSES AND NHERiTANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER JOHN H. LOGAN 21 13 0636 - Decedent's debts must be reported on Schedule L ITEM NUMBER DESCRIPTION AMOUNT A. FUNERALEXPENSES: t PARTHEMORE E'UNERAL HOME 5,697 Total from continuation schedules . . . 504 B. ADMINISTRATIVE COSTS: I. Personal Representative Commissions: 5,000 Name(s)of Personal Representatives)CATHERINE HAMILTON Street Address 110 SUGAR MAPLE DRIVE City ETTERS State PA—zip 17319 Year(s)Commission Paid: 2014 2. Attorney Fees: 15,000 3. Family Exemption:(If decedent's address is not the same as claimant's,attach explanation) Claimant Street Address, City State PA ZIP Relationship of Claimant to Decedent 4. Probate Fees: 384 5. Accountant Fees: 450 6. Tax Return Preparer Fees: 7. 1 HENRY'S LANDSCAPING 97 2 VERIZON 351 3 UGI UTILITIES, INC. 40 Total from continuation schedules 4,957 _ TOTAL(Also enter on Line 9,Recapitulation) $ 32,480 9w4eac 2.000 _ If more space is needed, use additional sheets of paper of the same size. Estate of: JOHN B. LOGAN 21 13 0636 Schedule H Part 7 (Page 2) 4 LOWER ALLEN TOWNSHIP (SEWER) 118 5 SUBURBAN PROPANE 74 6 PPL ELECTRIC UTILITIES 302 7 PENNSYLVANIA AMERICAN WATER 274 8 DIRTY DOG HAULING (JUNK REMOVAL) 600 9 HEPFER ACE HOMECENTER 30 10 BONNIE K. MILLER, TAX COLLECTOR (REAL ESTATE TAXES) 2,564 11 MITCH LACHEY (Dempster) 412 12 CUMBERLAND LAW JOURNAL (ESTATE ADVERTISEMENT) 75 13 THE SENTINEL (ESTATE ADVERTISEMENT) 83 14 ROBERT ENSMINGER APPRAISALS (REAL AND PERSONAL PROEPRTY APPRAISAL) 425 Total (Carry forward to main schedule) 4,957 REU,st2 EX-(,2 SCHEDULE t Penn nsylvania DEPARTMFNr OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES&LIENS RE�ENr DECEDENT ESTATE OF FILE NUMBER JOHN B. LOGAN 21 13 0636 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, TOYOTA MOTOR CREDIT CORP (AMOUNT OWED ON 2011 TOYOTA COROLLA CAR LEASE) 4,218 2 INTERNISTS OF CENTRAL PA 20 3 UGI UTILITIES, INC. 33 4 THE STATE EMPLOYEES' RETIREMENT SYSTEM (REIMBURSEMENT OF PENSION OVERPAYMENT- FOR MAY 2013) 2,277 5 AMERICAN EXPRESS CIO DCM SERVICES 13,383 6 M&T CHECKING CLEARED CHECKS AFTER DATE OF DEATH 147 7 INTERNAL REVENUE SERVICE UNITED STATES TREASURY (YEAR END 12/2010 CHANGES RESULTING IN AMOUNT OWING) 7,774 8 HANK OF AMERICA 114 9 IMOGEN, INC. 92 10 MACK GERBERICH S ASSOCIATES, PC. 1,085 TOTAL(Also enter on Line 10,Recapitulation) $ 29 143 2w46AH 2.000 If more space is needed, insert additional sheets of the same size. i REV-1513E penns SCHEDULE J ennsylvania DEPART WOFREVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT -t ESTATE OF: FILE NUMBER: JOHN B. LOGAN 21 13 0636 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE 1 TAXABLE DISTRIBUTIONS(Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 1, ELIZABETH PIRIE 6346 CONCORD ROAD MECHANICSBURG, PA 17050 COMMONWEALTH OF PA - DEFERRED COMPENSATION PLAN Inventory Value: 374 ED JONES STOCK ACCOUNT #616-07871-1 -2 Inventory Value: 422,017 EDWARD JONES ADVISORY ACCOUNT #616- 18566-1-9 Inventory Value: 231,412 WESTERN NATIONAL ANNUITY CONTRACT #AN206567 Inventory Value: 37,141 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEEF,AS APPROPRIATE. ii NON-TAXABLE DISTRIBUTIONS A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. S.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0 SW46AI 2.000 If more space is needed,use additional sheets of paper of the same size. Estate of: JOHN B. LOGAN 21 13 0636 Schedule J Part 1 (Page 2) Item No. Description Relation Amount 1 M&T IRA ACCOUNT #35004201716155 Inventory Value: 5,439 M&T IRA ACCOUNT #35004201716163 Inventory Value: 3,963 258 of Residue: 48,403 Daughter 748,749 2 CATHERINE HAMILTON 110 SUGAR MAPLE DRIVE ETTERS, PA 17319 ED JONES STOCK ACCOUNT #616-07871-1 _2 Inventory Value: 422,017 EDWARD JONES ADVISORY ACCOUNT #616- 18566-1-9 Inventory Value: 231,412 - WESTERN NATIONAL ANNUITY #AN203236 Inventory Value: 158,271 258 of Residue: 48,403 Daughter 860,103 3 NANCY LOGAN 1160 PEEKSKILL HOLLOW ROAD CARMEL, NY 10512 ED JONES STOCK ACCOUNT #616-07871-1 -2 Inventory Value: 422,017 EDWARD JONES ADVISORY ACCOUNT #616- 18566-1-9 Inventory Value: 231,412 258 of Residue: 48,403 Daughter 701,832 Estate of: JOHN B. LOGAN 21 13 0636 Schedule J Part 1 (Page 3) Item No. Description Relation Amount 4 ALLISA LACNY 1810 DEVONSHIRE DRIVE FLORENCE, NC 29505 ED JONES STOCK ACCOUNT #616-07871-1 -2 Inventory Value: 202,568 EDWARD JONES ADVISORY ACCOUNT #616- 18566-1-9 Inventory Value: 111,078 12.5 of Residue to ALLISA LACNY 1810 DEVONSHIRE DRIVE FLORENCE, NC 29505: 24,201 Granddaughter 337,847 5 EVAN DYNE 1810 DEVONSHIRE DRIVE FLORENCE, SC 29505 ED JONES STOCK ACCOUNT #616-07871-1 -2 Inventory Value: 219,449 EDWARD JONES ADVISORY ACCOUNT #616- 18566-1-9 Inventory Value: 120,334 12.5 of Residue to EVAN DYNE 1810 DEVONSHIRE DRIVE FLORENCE, SC 29505: 24,201 Grandson 363,984 REV-485 EX(05.04) 48500041046 SAFE DEPOSIT BOXINVENTORY PA Department of Revenue PLEASE USE ORIGINAL FORM ONLY Social Security or Death Certificate Number Date of Death County Code Year File Number Decedent's Last Name Suffix, First Name MI t� cin j h l ©ADDR SS OF DECEDENT STREET: `4 !CITY:_ ;Jj-./I ST ZIP NAME ANO ZIODF; S OF PERSON,R`EQU S G TKHEkj /!CITY: iO•F THE SAFE DEPOSIT 86X NAME: tj..`Y.L.1LIf�li/jVr �/! (� F� C� E, STREETADDRESS:(I/1 S.0 W . .. . ... .��.. _. .. .. �{y. Sf� . 7G�.JD') NAME,ADDRESS A/NLD RRELATI HIP(IF ANY)TO DECEDENT,OF PERSON(S)PRESENT AT THE BOX OPENING �"�(,C�E„ a. NAME- a I j RE IONS/ L / STREDD S: n Lam.J /1 . .. ..... "V TE: LiE: b. NAME: _ RELATIONSHIP[ STREETADDRESS: CITY: STATE: ZIPCODE c. NAME: RELATIONSHIP: STREETADDRESS: CITY: STATE: ZIP CODE: NAME AND ADDRESS OF FINANCIAL INSTITUTION WHERE THE SAFE DEPOSIT BOX IS LOCATED NAME:II� // STREETAODRESS`� rr i y` . .. . . _.._ CITY:( nr S NAME OF PERSON MAKING LAST ENTR6 1 ,,, DATI!7T n OF LAZYMpn DAT F�1 0 "TO RENT BOX NUMBER OF BOX l t TITLE UNDER WHICH BOX IS REQUESTED NAME ANl1D ADDRCSS OF PERSON(S)HAVING ACCESS TO BOX a. NAME: b. NAME: STREETADDRESS: STREETADDRESS: CITY: STATE: ZIP CODE: CITY: STATE: ZIP CODE: NAMC AND TITLE OF EMPLOYEE TAKING THE INVENT WAS A WILL IN THE BOX? YES NO if yes, a. Date of will; b. Name and address of p representative,if named in the will NAME: STREETADDRESS: CITY: STATE: ZIP CODE; c. Name and address of attorney,if any NAME: STREETADDRESS CITY: STATE: ZIP CODE: 48500041046 48500041046 REV-485 EX SAFE DEPOSIT BOX INVENTORY Page of INSTRUCTIONS (1) Cash: Report total only. (2) Stocks:List in detail every common or preferred certificate,warrant or other rights found in box.Stocks are to be designated by name of company,certificate number,date of certificate,name in which stock is registered,and number of shares and class of stock. (3) Obligations of U.S. Government:Number of items,date of issue,face value,names in which registered and type of ownership, i.e.,jointly held,payable on death,etc. (4) Bonds:Designate by name,amount,serial number,or other designation.(Bearer Bonds) (5) Bank and Savings and Loan Passbooks:State name of depositor,number of book,last date appearing in book,name of bank and branch,and balance. (6) Jewelry,Coins,Stamps,Manuscripts,etc:List and describe as fully as possible. (7) Deeds,Mortgages,Current Insurance Policies or other evidences of indebtedness:List and describe as fully as possible. (8) All other contents. (9) Return completed form to: DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT.280601 HARRISBURG,PA 17128-0601 ITEM NO. ITEM DESCRIPTION ��"( WS�1 �<v+L'l.i�C.�lt�.lt..-f C.Yr..,t L'L• t !`i ... . _ _.. .---- - --. .... ' VU f �, 1! �v CV iSS acid. . v3t �C `? ! ff rn 933 x, 77 c` r� S�� IOLV�I CERTIFY UNDER PENALTY OF PERJURY THAT THE ABOVE RECORD IS PERSON RECEIVING COPY OF CORRE ND COMPLETE TO THE BEST OF MY KNOWLEDGE AND BELIEF. SAFE DEPOSIT BOX INVENTORY: -51GNAT RFj" PRINT NAM ()t PRINQM. N HE R AT6 XB�ELDww.�C/ '-i.! s`— PRINT TITLE fJ/iY� I DATE CHECK APPROPRIATE Box- �j ( ���✓ Pi6--mrivmx []Ad..toii iir&} ✓ �ES[Hlb RepresenWlrvo �JOibt(+caner of safe deposit box NOTE:Attach additional 81h" x 11" sheet(s) if necessary or use duplicates of this page of form. The Depadm at is authorized by law,42 U.S.C.§405(c)(2)(Qi),to require disdosure of Social Seelsity numbers in connection with adndnsterirg state tax laws.The Defortmeni uses ft Soda[Security number to Identify the decedent and personat representatives of the estate.The Commonwealth may also use the inforration in exchange of lax information agreements with Federal and local taxing authorities.The state law prohibits the Commonwealth's personnel from disclosing confidential tax information except for official purposes. b5o'�21�1y I_Y\ 1bS61'3o�e, M 3 N.Sul3SS sp13S�9G , Lso'l'3335�' tM�SOIy '� IMbS-nWb It—>C -_ sa7s�a' ► ,_ IM�So15v7 e2 -ti� � W6Sos1l'+5 K 5nsabw,c "6S �3t�t�r6r���� _ t�so1 1q► � s����� r w1 -0-7 v) 3v3?0 t�c; __ _ '\A -j V\j-7q cc I��bS�l 1�3 6t � ►tit�,.Sts1 ? 3 7 REGISTER OF WILLS CERTIFICATE OF CUMBERLAND COUNTY GRANT OF LETTERS . PENNSYLVANIA No. 2013- 00636 PA No. 21- 13- 0636 Estate Of: JOHN B LOGAN MD fRIst,Middle,LesA a/k/a: JOHN SLOGAN Late Of: L 0 WER A L L EN TO WNSHIP CUMBERLAND COUNTY 0 Deceased Social Security No: 152-22-3259 WHEREAS, on the 13th day of June 2013 an instrument dated January 22nd 1997 was admitted to probate as the last will of JOHN B LOGAN MD (First Middle,Last] a jkja JOHN B LOGAN late of LOWER ALLEN TOWNSHIP, CUMBERLAND County, who died on the 22nd day of May 2013 and, WHEREAS, a true copy of the will as probated is annexed hereto. THEREFORE, I, GLENDA FARNER STRASBAUGH , Register of Wills in and for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby certify that I have this day granted Letters TESTAMENTARYto: CATHERINE HAMIL TON who has duly qualified as EXECUTOR(RIX) and has agreed to administer the estate according to law, all of which fully appears of record in my office at CUMBERLAND COUNTY COURTHOUSE, CARLISLE, PENNSYLVANIA. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of my office on the 13th day of June 2013, ' _L. r L m - egisteF or wil s Ll ) el; **NOTE** ALL NAMES ABOVE APPEAR (FIRST, MIDDLE, LAST) ti C) c rr1 CD m c C) o 0m z U) a M y C-) _I y r r•n m rZm cn :a y LAST WILL & TESTAMENT ry m v —{ F. in o OF n JOHN B. LOGAN,M.D. I,JOHN B.LOGAN,M.D.,having my domicile in Camp Hill, Cumberland County,Pennsylvania, revoke my prior Wills and Codicils and declare this to be my Will: Article I. Family Information. A. I intend references to 'children" and "descendants" to include persons whenever born. I note that my children born before the date of this Will are: I. My daughter NANCY LOGAN of Carmel,New York. 2. My daughter MARGARET DYNE of Sumter, South Carolina. 3. My daughter CATHERINE HAMILTON of Etters,Pennsylvania. 4. My daughter ELIZABETH WYCHE of Camp Hill,Pennsylvania. Article II. Appointment of Fiduciaries. A. I appoint CATHERINE HAMILTON, my daughter, residing at Etters, Pennsylvania,to be the executor of this Will. If my daughter is unable or unwilling to act then I appoint my daughter NANCY LOGAN of Carmel New York. B. Provisions governing the compensation of executors and the appointment of executors by persons other than myself appear elsewhere in this Will. Article III. Tangible Personal Property. A. I give all my tangible personal property as follows: 1. My Executor may sell any such property that my Executor may determine I 1 would not wish to have preserved for my children, and shall add the proceeds of any such sale to my estate. I give the balance of such property to such of my children as survive me, to be divided among them as they may agree in as nearly equal shares as practicable, or in the absence of agreement or if any of them is a minor, as my Executor shall determine. 2. The term "tangible personal property" does not include personally held art, antiques, stamp and coin collections, and other collectibles. It does not include property primarily held for investment purposes. It does not include any property held for use in a trade or business, ordinary currency and cash, or bullion. B. Except when I have specifically provided otherwise, any gift to an individual under this Article shall take effect only if the individual survives me, and no anti-lapse rule shall apply. C. A gift of property under this Article includes my rights under any related insurance policies or the proceeds of such policies. Article IV. Powers of Appointment. I declare that I do not by this Will intend to exercise any power of appointment. Article V. Residue. A. I give my residuary estate, real and personal, wherever located, including any property mentioned above but not effectively disposed of to my descendants who survive me, per stimes. Article VI. Takers of Last Resort. If the provisions of this Will fail to effectively dispose of any property,that property shall be distributed to the persons, and in the proportions, that my estate would be distributed if I died at the same time as the expiration of the interest of the last beneficiary of the property hereunder, without a will, unmarried, a resident of Pennsylvania, owning only that property, under the law then in effect. Article VII. Retirement Benefits. The following provisions concern qualified retirement benefits that become distributable to the Trustees under this Will (whether directly or through my estate)by reason of my death. "Qualified retirement benefits" means amounts held in or payable pursuant to 2 /,`�L a plan (of whatever type)qualified under Section 401 of the Internal Revenue Code or an individual retirement arrangement under Section 408 of the Code or a tax-sheltered annuity under Section 403 of the Code or any other benefit subject to the distribution rules of Section 401(a)(9) of the Code. A. If retirement benefits are made payable to my estate or directly to the Trustees without specifying a particular trust, then: 1. The balance of the retirement benefits shall be disposed of in the same manner as my residuary estate under this Will. B. The Trustees may in the Trustees' absolute discretion exercise any right to determine the manner and timing of payment of retirement benefits that is available to the recipient of the benefits. C. The Trustees are authorized to identify and designate the person who,pursuant to the Regulations under Sec. 401(a)(9), is the "designated beneficiary" whose life expectancy may be used to measure payments to any trust. Article VIII. Payment of Death Taxes. A. All estate, inheritance, legacy, succession, generation-skipping, or other wealth transfer taxes that result from my death, including any additional estate tax on an excess retirement accumulation,imposed by any domestic or foreign taxing authority with respect to all property taxable by reason of my death,together with interest and penalties on those taxes, shall be paid out of my estate "off the top" as an administration expense without apportionment and with no right of reimbursement from any recipient of any such property. B. However,the following clarifications and/or modifications of this general rule shall apply: I. The tax on any property over which I had a general power of appointment and which is included in my gross estate under Section 2041 whether or not the power is.exercised shall be apportioned and paid in the manner provided by the Code and applicable law, provided that if the general power is exercisable by this Will,I hereby exercise the power to the extent of directing the trustee of the trust or other custodian of the property to pay to or on behalf 3 of my Executor all the additional tax at the marginal rate caused by its inclusion and not just its proportionate share of tax at the average rate. However,this shall not apply to taxes on property included in my gross estate solely because I had a so-called "five and five" withdrawal right over the property, which shall be paid out of my estate 'off the top" as an administration expense without apportionment and with no right of reimbursement from the trustee or other custodian of the property. C. I here make specific reference to Section 2207A(concerning tax on QTIP property), Section 2207B (concerning tax on property included under Section 2036), and Section 2603(b) (concerning the generation-skipping transfer tax under chapter 13) of the Code and to corresponding provisions of state law (such as EPTL 2-1.12 and 2- 1.13) and direct that they shall apply to the extent they are consistent with the above, and shall not apply to the extent they are inconsistent with it. D. If payment of taxes from my residuary estate in accordance with the foregoing exhausts my residuary estate,the balance of tax due shall be apportioned to property passing as part of my estate and outside my estate,in accordance with the rules of tax apportionment rather than the rules of abatement. Article IX. Fiduciary Powers. My Executor may, without prior authority from any court, exercise all powers conferred by this Will or by law, including without limitation any Fiduciary Powers Act or other statute of Pennsylvania or any other jurisdiction whose law applies to this Will. My Executor shall have absolute discretion in exercising these powers. In order to fully effectuate the powers of the my Executor, specific reference is now made to Probate, Estates and Fiduciaries Code, 20 Pa. C.S.A. 101, et seq. Except as specifically limited by this Will, these powers shall extend to all property held by my Executor until the actual distribution of the property. The powers of my Executor shall include the following: A. Power in my Executor to pay my debts as soon as practicable in the course of the administration of my estate, and to pay my funeral and burial expenses without regard to any limits otherwise imposed by law on funeral and burial expenses. B. Power to pay out of my general estate administration expenses incurred in connection with real or tangible personal property located outside of my domicile. 4 n C. Power to determine what property is covered by general descriptions contained in this Will. D. Power to make any election available under the tax laws in such manner as my Executor shall determine, even though an executor may have an interest affected by the election, except where an executor is prohibited from participating in the election by another provision of this Will. E. Power to retain any property originally owned by me, and/or to invest and reinvest in all forms of real and personal property,whether inside or outside the United States, including without limitation common trust funds of a corporate executor, mutual funds, partnerships (including a partnership in which an executor is a general or limited partner), and other forms of joint investment (which may but need not be managed by, advised by, or affiliated with an executor), without regard to any principle of law limiting delegation of investment responsibility by executors. F. Power to compromise claims or debts and to abandon or demolish any property which my Executor shall determine to be of little or no value. G. Power to sell property at public or private sale, for cash or upon credit, and to exchange property for other property, and to lease property for any period of time, and to give options of any duration for sales, exchanges or leases. H. Power to join in any merger, reorganization, voting-trust plan or other concerted action of security holders,and to delegate discretionary powers(including investment powers) in entering into the arrangement. I. Power to borrow from anyone,even if the lender is an executor under this Will, and to pledge property as security for repayment of the funds borrowed, including the establishment of a margin account. No executor shall be personally liable, and any such loan shall be payable only out of assets of my estate. J. Power without the consent of any beneficiary to distribute in cash or in kind, and to allocate specific assets in satisfaction of fractional shares or pecuniary sums among the beneficiaries (including any trust) in such proportions, not necessarily pro rata, as my Executor may determine,even though an executor has an interest affected by the distribution and even though different beneficiaries entitled to the same sum or share may thereby receive different mixes of assets,possibly with different income tax bases, so long as the fair market value of property on the date of distribution is used in determining the extent to which any distribution satisfies a sum or share. K. Power to apply to the use of any individual, any property, whether principal or income, that otherwise would or could be distributed directly to such individual. L. Power with respect to any real property(I)to partition,subdivide or improve such property and to enter into agreements concerning the partition, subdivision, improvement, zoning or management of any real estate in which my estate has an interest and to impose or extinguish restrictions on any such real estate, (ii)to sell, exchange,lease for any period,mortgage,alter,or otherwise dispose of such property and to execute any instrument necessary to do that,and(iii)to charge to principal the net loss incurred in operating or carrying non-income producing real property. M. Power to permit any individual eligible to receive distributions of income from a trust to occupy any real property or cooperative apartment or use any tangible personal property forming part of the trust upon such terms as the Trustees shall deem proper, whether rent free or in consideration of the payment of taxes,insurance,maintenance and ordinary repairs, or otherwise. N. Power to employ a custodian, to hold property unregistered or in the name of a nominee (including the nominee of any bank, trust company, brokerage house or other institution employed as custodian),and to pay reasonable compensation to the custodian in addition to any fees otherwise payable to my Executor,notwithstanding any rule of law otherwise prohibiting such dual compensation. O. Power to divide any trust into two or more separate trusts and administer them as separate trusts,either before or after the trust is funded,to enable GST exemption to be separately allocated to one of the trusts, or to enable the election under Sec. 2652(a)(3)of the Code to be made separately over one of them,or to otherwise make possible a separate trust with a zero inclusion ratio, or because the trusts have different transferors for GST purposes,or for any other purpose. Any such division shall be a division into fractional shares with each share participating pro rata in income, appreciation, and depreciation to the time of division. Any relevant pecuniary amount(such as the obligation to pay an annuity,or the right to withdraw 6 { t. $5,000) shall be applied pro rata to the separate trusts based on the fractional shares into which they are divided. P. Power to make loans to,and to buy property from,the trustee of any trust subject to any wealth transfer tax upon either of our deaths, regardless of the fact that one or more or all of the persons serving as executor hereunder are also serving as a selling or borrowing executor or trustee; provided that such loans shall be for adequate interest and shall be adequately secured and such purchases shall be for fair market value. Q. Power to employ and to rely upon advice given by accountants,attorneys,investment bankers,and other expert advisers,and to employ agents,clerks and other employees, and to pay reasonable compensation to such advisors or employees in addition to fees otherwise payable to my Executor, notwithstanding any rule of law otherwise prohibiting such dual compensation. R. Power to accept or to decline to accept additions whether made by me or from some other source. S. Power in the Trustees(excluding,however,any interested trustee)to allocate receipts and disbursements to income or principal in such manner as the Trustees(excluding, however, any interested trustee)shall determine, even though a particular allocation may be inconsistent with otherwise applicable state law. My Executor shall follow any direction by the Trustees of a trust(excluding,however,any interested trustee) with respect to allocations affecting property passing to that trust. Article X. Accountings & Other Proceedings. A. I direct that my estate be subject to independent administration with as little court supervision as the law allows. My Executor shall not be required to render to any court annual or other periodic accounts,or any inventory, appraisal, or other returns or reports, whether required by statute or otherwise. My Executor shall take such action for the settlement or approval of accounts at such times and before such courts or without court proceedings as my Executor shall determine. My Executor shall pay the costs and expenses of any such action or proceeding, including but not limited to the compensation and expenses of attorneys and guardians,out o f the property of my estate. ry 7 /A- B. I direct that in any proceeding relating to my estate service upon any person under a legal disability need not be made when another person not under a disability is a party to the proceeding and has the same interest as the person under the disability. The person under the disability shall nevertheless be bound by the results of the proceeding. The same rule shall apply to non judicial settlements, releases, exonerations, and indemnities. Article XI. Various Provisions Regarding Fiduciaries. A. Except to the extent specifically provided otherwise in this Will, references to my Executor shall, in their application to my estate, refer to all those from time to time acting as executors and if two or more executors are eligible to act on a given matter they shall act by majority. B. Individual executors shall receive compensation in accordance with the law of Pennsylvania in effect at the time of payment, unless the executor waives compensation, provided that my wife and descendants shall serve without compensation. A corporate executor shall be compensated by agreement with the individual executors or in the absence of such agreement in accordance with its fee schedule as in effect at the time of payment. I authorize a corporate executor to charge additional fees for services it provides to my estate that are not comprised within its duties as executor, for example a fee charged by a mutual fund it administers in which my estate invests, or a fee for providing an appraisal, or a fee for providing corporate finance or investment banking services. I also recognize that a corporate executor may charge separately for some services comprised within its duties as executor,for example a separate fee for investing cash balances or preparing tax returns. Such separate or"unbundled" charges shall not be treated as improper or excessive merely because they are added on to a basic fee in calculating total compensation for service as executor. Insurance proceeds and retirement benefits payable to my estate shall not be subject to executor's compensation. C. No executor shall be liable to anyone for anything done or not done by any other executor or by any beneficiary. D. The fact that an executor is active in the investment business shall not be deemed a conflict of interest, and purchases and sales of investments may be made through a corporate executor or through any firm of which a corporate or individual executor is a partner, shareholder, proprietor, associate, employee, owner, subsidiary, affiliate or the like,and property of my estate may be invested in individual securities,mutual funds, partnerships, private placements, or other forms of investment promoted, underwritten, managed, or advised by an executor or such a firm. E. I authorize my Executor to employ and rely upon advice given by investment counsel, to delegate discretionary investment authority over investments to investment counsel, and to pay investment counsel reasonable compensation in addition to fees otherwise payable to my Executor,notwithstanding any rule of law otherwise prohibiting such dual compensation. My Executor shall not be under any duty to diversify investments regardless of any principle of law requiring diversification. F. The fact that an executor(or a firm of which an executor is a member or with which an executor is otherwise affiliated)renders legal or other professional services to my estate shall not be deemed a conflict of interest, and I authorize my Executor to pay fees for such services to such executor or firm without prior approval of any court or any beneficiary and whether or not there is a co-executor to approve such payment. I intend an attorney or other executor who also renders professional services to receive full compensation for both services as executor and the professional services rendered, except as specifically limited by law. G. I direct that the so-called rule against self-dealing shall not apply to an executor who is a descendant of mine. Except when prohibited by another provision of this Will, such an executor may enter into transactions on behalf of my estate in which that executor is personally interested so long as the terns of such transaction are fair to my estate. For example, such an executor may purchase property from my estate at its fair market value without court approval. H. Any executor may delegate to a co-executor any power held by the delegating executor, but only if the co-executor is authorized to exercise the power delegated. A delegation may be revocable,but while it is in effect the delegating executor shall have no responsibility concerning the exercise of the delegated power. 9 Article XII. Alternate or Successor Fiduciaries. A. Any executor may resign at any time without court approval and whether or not a successor has been appointed. B. Each individual executor (including successors) shall have the right to appoint a successor individual executor by an instrument in writing, such appointment to take effect upon the death, resignation or incapacity of the appointing executor. An appointment may be changed or revoked until it takes effect. If I have named an alternate or alternates to the appointing executor in this Will, the appointment of a successor under this paragraph shall take effect only if and when those alternates fail to qualify or cease to act. C. The individuals(and any corporation) acting as my Executor may at any time acting unanimously by written instrument appoint an individual or a corporation with fiduciary powers as a co-executor. D. If the office of executor is vacant, and no successor takes office pursuant to any other provision of this Will, an individual or corporation with fiduciary powers may be appointed as executor by a majority of my adult descendants then living and competent. E. An executor may be appointed pursuant to this Article for a limited purpose or to hold only specified powers. Article XIII. Exoneration From Security. No executor shall be required to give bond or other security in any jurisdiction, and if despite this exoneration a bond is nevertheless required, no sureties shall be required. Article XIV. Other Definitions. The following terms used in this Will shall be defined as follows: A. Whether an individual is a minor or an adult shall be determined under the laws of the individual's domicile at the time in question. B. References to the "Internal Revenue Code" or"Code" or to provisions thereof are to the Internal Revenue Code of 1986, as amended at the time in question. References 10 Signed, sealed, published and declared by JOHN B. LOGAN, M.D., the testator above named, as and for his last will and testament, in our presence, and we in his presence, and in the presence of each other, have hereunto subscribed our names as witnesses: residing at , residing at ���� � �P (dka l 12 SELF-PROVING AFFIDAVIT (Contemporaneous) COMMONWEALTH OF PENNSYLVANIA ) ss: COUNTY OF ) We,JOHN B.LOGAN,M.D., " ��f IT/h/� and the testator and the witnesses, respectively, whose names are subscribed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his last Will and that he had signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testator, signed the Will as witness and that to the best of each such witness's knowledge the testator was at that time eighteen (18) years of age or older, of sound mind, and under no constraint or undue influence. JOHN B. L�6GAN, t ess Witness Subscribed, sworn to and acknowledged before me by JOHN B. LOGAN, M.D. , the testator, and subscribed and sworn to before me by ;-ze"e'l 1 ,jr.,( il,1411 and L 'C 114 witnesses, this _�� day of 19 7_. Notary Public 1 IN RE: ESTATE OF JOHN B. LOGAN, : REGISTER OF WILLS Deceased : CUMBERLAND COUNTY, PENNSYLVANIA NO. AFFIDAVIT OF STEVEN J. SCHIFFMAN,ESQ. I,STEVEN J.SCHIFFMAN, ESQUIRE, being duly sworn according to law, depose and say: 1. John B. Logan, MD executed his Last Will and Testament which was prepared by me on January 22, 1997.The preprinted date on the signature page (page 11) of the Will indicates the year as "1996". 2. The Self-Proving Affidavit,witnessed by Steven J.Schiffman and Lisa Conway(also employed by Serratelli, Schiffman & Brown) and notarized, contains the correct execution date of January 22, 1997. 3. The distribution provided for in the Will would be the same distribution under the intestate laws of Pennsylvania. 4. The correct date of execution has been provided on the Petition for Grant of Letters. Dated: (� -L 3 S�fEVEN J. SC IFFMAN Sworn to and Subscribed Befor e this � day Of 2013. m '° c M -9 o, r D r rr NOTARY PUBLIC co c c, .-, 1, -r; 71 My Commission Expires: ZD -o N cn o n o ri COMMONWEALTH OF PENNSYLVANIA NOTARIAL SEAL DEBRA A.EVANGELIST],Notary Public Susquehanna Two.,Dauphin County M Commission Expirc-king ? 201E ::l Y. •�1•i l�� 3.,�11)1 l 6011fi�•:�i•4���1: IF �� Allb •'i f •�� .•fig �. :.';`.l y'�.,� � y`�� APPRAISAL LOCATED 14 Park Cir Camp Hill,PA 17011 Cumberland County D- :0 • • Estate of John B.Logan c/o Catherine Hamilton Etters,PA 17319.PA 17319 AS • Robert A.Ensminger Penns�lvania Certified Residential Appraiser Certificate Number 000. ROBERT ENSMINGER APPRAISERS PHONE 3557 ELMERTON AVENUE FAX 717-541-9444 HARRISBURG,PA 0. f Robert Ensminger Appraises 11marrol Order No.1307OZZ21 Appraisal Report 14 Park Cir ° Camp Hill, PA 17011 i Robert Ensminger Appraisers �i (717)652-4111 threecomps arc, omcast.net "y. Appraised Value as of: 5/2212013 $ 67500 Style/Design: Colonial Lot Size: 0.17 Acres living Area(Sq.Ft.): 1,855 Neighborhood: Highland Park Total Bedrooms: 3 Total Baths: 1.2 Year Built: -1950 Effective Age: 35 Condition: Fair to poor Date of Report: 07 12612013 Client: Estate of John B.Logan Address: c/o Catherine Hamilton City: Etters,PA 17319 State: PA Zip: 17319 Phone: 717-938-3008 Fax: E-mail: CatherineHamitton@frontier.net;devangelisti@ssbc.com; Name: Robert A Ensminger Designation: PA Certified Res.R.E.Appraiser l Certification or License#: RL000952L 'I(11c�J/�p( /Y• Expiration Date: 06130/2015 ST: PA Appraiser's Signature E-mail: robert&nsmingers.net Client File#: None Appraiser File#: 13070227 The value opinion expressed above is only valid In conjunction with the attached av Lsal report.This value opinion may be subleor to HypethelicaI conditions andlor Extraordinary Assumptions as I=icatod in the body of the report A tore and complete copy d this Summary Appraisal Report contains 30 pages. mCONSUMERSFrapp gyp 111,1,a b mode,k.�I"may be gxo6rced m�aa mktm pmdssim. .ab axde. mere aclaoMdiod ad MI&M. Form GPCSF LT—WinTOTAL'appraisal software by a la mode,im.—141MAIAMODE 10.2007 RESIDENTIAL APPRAISAL SUMMARY REPORT SUBJECT PROPERTY IDENTIFICATION Property Address: 14 Park Cir City: Camp Hill State: PA Zip Code: 17011 County: Cumberland Legal Description of Real Property: Cumberland County Deed Book 17-J Page 380 Tax Assessor's Parcel#: 13-23-0547-082 R.E.Taxes:S 2.512.00 Tax Year: 2013 Special Assessments:S None Known Current Owner of Record: John B.Logan occupancy: ❑ Owner ❑ Tenant ®Vacam Current Occupant(it occupied): Vacant Project Type(d applicable): ❑ Planned Unit Development ❑ Condominium ❑ Cooperative ❑ Home Owners'Associzimn Membership Fees(if applicable): $ ❑ per year ❑ per month Market Area Name: Highland Park Map Reference: 25420 Census Tract: 42041-0109.00 ASSIGNMENT The purpose of this appraisal is to develop a Current opinion of Market Value(as defined elsewhere In this report). Property Rights Appraised: ® IN Simple ❑ Leasehold ❑ Leased Fee ❑Other(describe) Intended Use: Estate purposes Intended User(s)(by name or type): Catherine Hamilton Executrix of the estate of John B.Logan Client: Estate of John B.Logan Address: c/o Catherine Hamilton,Esters PA 17319,PA 17319 Appraiser: Robert A.Ensminger Address: 3557 Elmerton Ave Harrisburg PA 17109-1132 I -- MARKET AREA DESCRIPTION 'Location: ❑ Urban ® Suburban ❑ Rural Built Up: ® Over 75% ❑ 25-75% ❑ Under 25% Growth Rate: ❑ Rapid ❑ Sable ® Slow Property Values: ❑ Increasing ® Stable ❑ Declining Demand/Supply: ❑ Shortage ® In Balance ❑ Over Supply Marketing Time: ® Under 3 Mos. ❑ 3.6 Mos. ❑ Over 6 Mos. Typical One-Unh Price:($) Low 85,000 High 220,000 Predominant 142,900 Housing Ranges: Age:(yrs.) Low 40 High 70 Predominant 55 Present Land Use: One-Unit: 85% 2-4 Unit: 2% Muld-Unit: 5% CommT 3% Other 5% Change in lend Use: ® Not Likely ❑ Likely ❑ Is Changing' 'To: Market Area Comments: The subject is located in the Highland Park area of Lower Allen Township The area consists of small ranch style houses and modest 2 story homes Commercial uses are on the fringe of the neighborhood All amenities are within a short commuUrm distance. ! SALE/TRANSFER/LJSTING HISTORY OF SUBJECT PROPERTY My research: ❑ Did ®Did not reveal any prior sales or transfers of the subject property for the three years prior to the Effective Date of Uis appraisal. Data Source(s): Deed Cumberland County Tax Assessment Office 1st Prior Sale I Transfer 2nd Prior Sale I Transfer 3nd Prior Sale/Transfer Date of Prior Sale/Transfer: 9/4/1956 Price of Prior Sale I Transfer: 23.000 Source(s)of Prior Sale I Transfer Data: Cumberland County Deed Analysis of sale/transfer history,any current agreements of sale or listing,and listing history(If relevetn): There are no km m recent sales or listings of the subject prr Client: Estate of John B.Logan Client File No.: None Appraiser File No.: 13070227 CON$UMERSFcaryr ozambya hmode.kc.Pisfpmmaybe r�odudwmpffaArimpxmktmpem�ion.lxmx.ahimde.bc.meAbeXbMNgedaMoEdW. Form GPCSF LT—W nTOTAL'appraisal software by a la mode,inc.—1-800-ALAMODE 10007 linternal Order N .130702271 Paae#4 Of a0l RESIDENTIAL APPRAISAL SUMMARY REPORT Dimensions: 93.4161.4 x 42.2 x 116.1 x 35.9— _ Site Area: 0_17 Acres Zoning Classification: R-1 _ Zoning Description: Single Family Residential-Established Neighborhood Zoning Compliance: ® Legal ❑ Legal Non-Conforming(Grandfathered) ❑ Illegal ❑ No Zoning Regulations Deed Restrictions: Are Covenants,Conditions,&Restrictions(CC&Rs)applicable? ❑ Yes ® No ❑ Unknown Have the documents been reviewed? ❑ Yes ❑ No ® N/A Ground Rent(if applicable) E / Comments: There are no restrictions noted in the deed. Highest&Best Use,as improved,is the: ®Present use,or ❑ Other use(explain) Characteristics: Topography: Basically Level Size: Average for the area Shape: Irregular(Cul-de-sac lot) Drainage: Average for the area View: Average for the area Landscaping: Overgrown Other features: ® Inside Lot ❑ Corner Lot ❑ Cut de Sac ❑ Underground Utilities ❑ Utilities: Public Other Provider/Description Off-site Improvements: Type Public Private Electricity: ® ❑ PP&L Street: Asphad ® ❑ Gas: ® ❑ UGI Curb/Gutter: Concrete ® ❑ Water: ® ❑ PA American Sidewalk: None ❑ ❑ Sanitary Sewer: ® ❑ Lower Allen Township Alley: None ❑ ❑ Is the property or the Improvements located in a FEMA Special Flood Hazard Area? ❑ Yes ® No FEMA Flood Zone: X FEMA Map# 42041CO282E FEMA Map Date: 03/16/2009 Site Comments: Overgrown landscapinand_very large trees on th�rop>a II have a negative impact on the value of the prop�_There is an _ apparent easement along the right side of the property for drainage DESCRIP,fII O�THE_IMPI20VEMENTS "`- General Description: #of Units: 1 ❑ +Accessory Unit #of Stories: 2 Design(Style): Colonial Type: ® Detached ❑ Attached ❑ Status: ® Existing ❑ Proposed ❑ Under Construction Actual Age(years): 63 Effective Age(years): 35 Year Built: -1950 Exterior Description: Foundation: Concrete Block - Exterior Walls: Brick Roof Surface: F11bem1w Shingles Gutters&Downspouts: Aluminum Window Type(s): Double Hung Storm/Screens: Insulated glass screens Heating System: Oil forced hot air Cooling System: None Car Storage: ❑ None ❑ Garage ❑ Carport ® Driveway (Surface: Concrete _ ) Total#of Cars: 2 Livable area above grade contains: 6 Rooms, 3 Bedrooms, 1.2 Bath(s),and 1,855 Sq.Ft.of GLA Describe Additional Features and Improvements: See scope of work addendum Clienly'•,?E's"Yaf6k'004 Lb9+.a„- Client Filo No.. None Appr"r81ser File No;': 13070227 �� �������eap O10 2007 by a h mode,ix.Ris form may be repmxcea unmadfid wi0mm w km permissbn,hmmr,a b mode,ex.nr s be Kkamkdged and oredxed. Form GPCSF_LT—'WinTOTAL'appraisal software by a la mode,inc.—1-800-ALAMODE 1012007 Order No.130702271 # f RESIDENTIAL APPRAISAL SUMMARY REPORT SALES COMPARISON APPROACH TO VALUE For the Sales Comparison Approach,the appraiser selects comparable sales that they consider the best matches to the subject in terms of physical characteristics,physical proximity,and time of sale. The appraiser then makes adjustments to the known sale price of each comparable sale to account for differences that are recognized by the market. For example,if the subject has a single bathroom but a comparable has 2,the comparable's sale price would be reduced by the attributable value given to the extra bathroom based on the market's reaction. Likewise,if a comparable sale has a smaller square footaqe than the subject.its sale price would be adjusted upward in the same manner. By weighting and reconciling these adjusted sales prices together,an opinion of value for the subject can be determined. FEATURE SUBJECT COMPARABLE SALE#1 COMPARABLE SALE#2 COMPARABLE SALE#3 Address 14 Park Cir 1510 Carlisle Rd 54 Westerly Rd 237 N 26th St Camp Hill,PA 17011 Camp Hill,PA 17011 Camp Hill,PA 17011 Camp Hill,PA 17011 Proximity to Subject 0.11 miles 1.73 miles 1.51 miles NW Sale Price $ N/A Is 105,000 8 95,000__ $ 92,000 Sale Price/GLA $ /Sq.Ft.$ 63.41/Sq.Ft.1 $ 48.96/Sq.Ft. Data Source(s) Inspection MLS,Public Records MLS,Public Records MLS,Public Records ADJUSTMENT ITEMS DESCRIPTION DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. DESCRIPTION +(-)$Adjust. Sales or Financing Cash or Equiv. Cash Conventional Conventional Concessions 15 DOM 165 DOM 15 DOM Date of Sale/Time As of 5/22/2013 Contract 4/16/13 0 8/24/2012 3120/2013 Rights Appraised Fee Simple Fee Simple Fee Simple Fee Simple Location Lower Allen Lower Allen _ Camp Hill Boro -2,500 Camp Hill Boro -2,500 Site 0.17 Acres 0.20 Acres -400 0.1 B Acres 0 0.16 Acres 0 View Average Average Average Average Design(Style) Colonial Colonial Colonial Colonial Quality of Construction Brick Average Brick Average Brick Average Brick Average Age 63 64 0 64 98 Condition Fair to poor Fair -7,500 Fair to poor Fair to poor Above Grade Total Bdnns Baths Total Bdims Baths Taal Bdrms Baths Total Bdnns Baths Room Count 6 3 1.2 7 3 2.0 -1,000 7 3 1.2 6 3 2 -1,000 Gross Living Area 1,855 Sq.Ft. 1,656 Sq.Ft.l +3,000 2,022 Sq.FI. -2,500 1,879 Sq.Ft. 0 Basement Total Area Parl.Basement Part.Basement Full Basement -1,000 Full Basement -1,000 Basement Finish Area Unfinished Unfinished Unfinished Unfinished Functional Utility Poor Fair -7,500 Fair -7,500 Poor Heating/Cooling Oil/None Gas/Central -5,000 Electric/None 0 Gas/None VAdjustrinert fficipnitems Thermopanes Storm Units +1,500 Storm Units +1,500 Storm Units +1,500 Carport None 1Car Carport -1,500NOne None atio/Deck Porch,Patio Sm.Porch +1,OOOFront Stoop +1,500 EnclPOrch,Patio -1,500 s Fireplace Fireplace Fireplace None +1,000 tures None None None Fence 1,000 tures stment(Total) ❑+ ®- $ -17,400 ❑+ ®- $ -10,500 ❑+ ®- E -4,500 Sale Price Net 1&6% 1 Net of Comparables Gross 27.0%1$ 87.6001 Gross 17.4%E 84,500 Gross 70.3%8 87,500 Comments on the Sales Comparison Approach: Comparables#1 &#4 are in the immediate neighborhood of the subject. The condition of the DroDerty has a signlfiDant impact on the estimated value Cost of repairs could vary widely depending on the extent of repairs undertaken. Every effort to estimate the repairs in line with the comparable sales was made The wmparables indicate the range of value for the subject prooerN. Appraiser's Indicated Value by the Sales Comparison Approach: S 87,500 Client: Estate of John B.Logan Client File No.: Noma Appraiser File No.: 13070227 CONSUMERSF Copyrghlo 1117 by a h mode,inc.Ins form may be reproduced unmociilied without wraen permission.however.a b mode,mr.mu9 be ac!,nm edged and aedaed. Farm GPCSF_LT-"WinTOTAL-appraisal software by a la mode,inc.-1-800-ALAMODE 10/2007 [internal Order No.130702271 NiE= RESIDENTIAL APPRAISAL SUMMARY REPORT RECONCILIATION Final Reconciliation of the Approaches to Value: AI12Dproaches to value were wnsideretl. The cost approach and the income approach were deemed not to be appropriate in R!Rblishing the value of the subject property and were not utilized M the preparation of this report. Even if other approaches to value are used the Sales Comparison Approach is the best indicator of market value. This appraisal is made ® "as Is'; ❑ subject to completion per plans and specifications on the basis of a hypothetical Condition that the Improvements have been completed; ❑ subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed; ❑ subject to tine following required inspections) based on the Extraordinary Assumption that the following condition- or deficiency does not require alteration or repair: This appraisal is made in as is condition. The overall value of the property is severely affected by It's wment conditron. Not only are costs to repair the home significant the typical purchaser of a home in this condition will require an entrepreneurial profit for risk of unknown conditions use of capital and project management ❑ This report is also subject to other Hypothetical Conditions or Extraordinary Assumptions as specified elsewhere In this report. ATTACHMENTS A true and complete copy of this report contains 30 pages, including all exhibits which are considered an integral part of the report. This appraisal report may not be property understood without reference to the information contained in the complete report. Attached Exhibits: ® Scope of Work PA Limiting CondJCemfications ® Narrative Addendum ® Photograph Addenda ® Sketch Addendum ® Map Addenda ® Additional Sales ❑ Cost Addendum ® Flood Addendum ❑ Manuf.House Addendum ❑ Hypothetical Conditions ❑ Extraordinary Assumptions ❑ ❑ ❑ ❑ - - _-- - OPINION OF VALUE - - This Opinion of Value may be subject to other Hypothetical Conditions and I or Extraordinary Assumptions, if so Indicated above. Based on the degree of Inspection of the subject property as indicated below; the defined Scope of Work for this appraisal assignment; the attached Statement of Assumptions and Limiting Conditions; and the attached Appraiser's Certifications, my (our) Current Opinion of the Market Value or value range), as defined elsewhere in this report, of the real property that is the sub' of this report is: f 87500 ,es of: 51222013 which Is both the Inspection Date and the Effective Date of this appraisal. �.—.. .—._.._.. - SIGNATURES APPRAISER SUPERVISORY APPRAISER(if required) or CO-APPRAISER(if applicable) Ap Appraiser Name: Robert A.Ensminger (J Co-Apprallsse Name: Company: Robert Erlsminger Appraisers Company: Phone: (717)652-4111 Fax:1717)370-5557 Phone: Fax: E-mail: robert ensmi ers.net E-mail: Date of Report(Signature): 07262013 Date of Report(Signature): License or Certification#: RL000952L Slate: PA License or Certification#: State_ Designation: PA Certified Res.R.E.Appraiser Designation: Expiration Date of License or Certification: 06130/2015 Expiration Date of License or Cedifiratron: Inspection of Subject: ® Iniedor&Fxwvia ❑ Exterior Only ❑ None Inspection of Subject: ❑ Interior&Exterior ❑ Exterior Only ❑ None Date of Inspection: 5/2212013 —_ Date of Inspection: Client: Estate of John B.Logan Client File No.: None Appraiser File No.: 13070227 mCONSUMERSF`°ppio°aaalayalaMDW.ix.IN=Imnmyae �,,,9wx.�rmp�on.a ,aaa .ix.must Ww a*WgMWrsrfted. Form GPCSF LT—WmTOTAL7 appraisal software by a la erode,inc.—1-800-ALAMODE 1012007 Internal Order N .130702271 f 0 ADDITIONAL COMPARABLE SALES SALES COMPARISON APPROACH TO VALUE FEATURE SUBJECT COMPARABLE SALE#4 COMPARABLE SALE#5 COMPARABLE SALE#6 Address 14 Park Cir 1814 Letchworth Or Camp Hill,PA 17011 Camp Hill,PA 17011 _ Rozimhy to Subject 0.39 miles W Sale Rice E N/A E 94,500 . E E Sale Price/GLA E /Sq.FLE 69.84/Sq.Ft E /Sq.FI. Y /Sq.Ft. Data Source(s) Inspection MILS,Public Records ADJUSTMENT ITEMS DESCRIPTION DESCRIPTION +(-)E Adjust. DESCRIPTION +(-)E Adjust. DESCRIPTION +(-)E Adjust. Sales or Financing Cash or Equiv. Conventional Concessions 94 DOM Date of Sale/Time As of 5/22/2013 4/4/2012 Rights Appraised Fee Simple Fee Simple _ Location Lower Allen Lower Allen She 0.17 Acres 0.33 Acres -2,200 _ View Average Average Design(Style) (Colonial Cape Cod 0 Quality of Construction Brick Average Frame/Average +2,500 Age 63 62 0 Condition Fair to poor Fair -7,500 Above Grade Total Bdrms Baths Total Berms Baths Total Bill Baths Total Bdrms Baths Room Count 6 1 3 1 1.2 6 3 1.0 +1,000 Gross Living Area 1,855 Sci Ft. 1,353 Sq.Ft +7,500 Sq.Ft. Sq.Ft. Basement Total Area Part.Basement None +5,000 Basement Finish Area Unfinished _ functional Utility Poor Fair -7,500 Nearing/Cooling Oil/None Gas/Central 5,000 —___ Energy Efficient Items Thertnopanes Thennopanes Garage/Carport None Large Shed -1,500 Porch/Patio/Deck Porch,Patio SmPorch,Patio +500 Fireplaces Fireplace None +1,000 Other Features None None Other Features Net Adjustment(TOtal) T ❑+ ®- E -6,200 ❑+ ❑- Y ❑+ ❑- Y Adjusted Sale Price "tdef" 8.6% rNQF.. '% Net % of Comparables Gross 43.6%E 88,300 Gross %E Gross E Comments: Client: Estate of John B.Logan Client File No.: None Appraiser File No.: 13070227 m CONSUMERSF Copyright®2007 by a made,inc.This fame may be reproduced unmodified edhad Witten permission,hmverar,a b wile,ice.mug be acurmaledged and award, Form GPCSF_LT.AC)--WinTOTAL"appraisal software by a la mode,inc.—1-8040.LAMODE 10/2007 linismal Oda No.1 7 ASSUMPTIONS & LIMITING CONDITIONS to _ SUBJECT PROPERTY _. Property Address: 14,Park Cir City: Coma Hill State: PA tip Code: 17011 County: Cumbedand STATEMENT OF ASSUMPTIONS&LIMITING CONDITIONS —The appraiser will not be responsible for matters of a"at nature that affect either the property being appraised or the title to ft.The appraiser assumes that the We 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. —The appraiser may have provided a sketch in the appraisal report to stow approximate dimensions of the€mprovements,and any such sketch is included only to assist the reader of the report in visualizing ft property and understanding the appraiser's determination of its size, Unless otherwise indicated,a Land Survey was not performed. —If so indicated,the appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or otter data sources)and has rioted 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. —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. —The appraiser has noted in the appraisal report any adverse conditions(including,but not limited to,needed repairs,depreciation,the presence of hazardous wastes,toxic substances,etc.)observed during the inspection of the subject property,or that he of 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,but not limited to,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 Wig 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. —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. —The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice,and any applicable federal,state or Local laws. —U this appraisal is indicated as subject to satisfactory completion,repairs,or alterations,the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. —An appraiser's client is the party(or parties)who engage an appraiser in a specific assignment.Any other party acquiring this report from the client does not become a party to the appraiser-client relationship.Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment. —The appraiser's wrillen consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising,public relations,news,sales,or by means of arty other media,or by its inclusion in a private or public database. —An appraisal of real property is no a'home inspection'and should not be construed as such.As part of the valuation process,the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value.Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to Investigate. —In developing this appraisal,the appraiser has incorporated only the Sales Comparison approach.The appraiser has excluded the Cast and income approaches.The appraiser has determined that this appraisal process is not so limited that the results of the assignment are no longer credible. Client: Estate of Jotvt 8.Logan client Fite No.: None Appraiser Fite No.: 13070227 �o`aY+�`.a.wy++�Copyright®2007 by a W ngde,im.Ties form may be repmduce0 onmdiried wRbW written permission,hwhri mr,a 0 moue,W.muu be wknewletlged and,mked. ry� MERS Form GPCSFAD_LT— WmTOTAL'appraisal software by a to mode,inc.—1.800-ALAMOOE Page 1 of 3 10/2007 linternal Order No.1 702 7 Pime#9 f 0 DEFINITIONS & SCOPE OF WORK SUBJECT PROPERTY Property Address: 14 Park Cir —___ _-_- City: Camp Hill — State: PA Zip Code: 17011 County: Cumberland DEFINITION OF MARKET VALUE*: Market value means 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 and 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 acting in what they consider their own best interests; 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. * This definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery,and Enforcement Act(FIRRFA)of 1989 between July 5,1990,and August 24,1990,by the Federal Reserve System (FRS),National Credit Union Administration(NCUA),Federal Deposit Insurance Corporation(FDIC),the Office of Thrift Supervision(OTS), and the Office of Comptroller of the Currency(OCC).This definition is also referenced in regulations jointly published by the OCC,OTS, FRS,and FDIC on June 7,1994,and in the Interagency Appraisal and Evaluation Guidelines,dated October 27,1994. The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results,given the nature of the appraisal problem,the specific requirements of the intended user(s)and the intended use of the appraisal report.Reliance upon this report regardless of how acquired,by any party or for any use,other than those specified in this report by the Appraiser,is prohibited.The Opinion of Value that is the conclusion of this report is credible only within the context of the Scope of Work,Effective Date,the Date of Report,the Intended User(s),the Intended Use,the stated Assumptions and Limiting Conditions,any Hypothetical Conditions and/or Extraordinary Assumptions,and the Type of Value,as defined herein.The appraiser,appraisal firm,and related parties assume no obligation,liability,or accountability,and will not be responsible for any unauthorized use of this report or its conclusions. Additional Comments(Scope of Work,Extraordinary Assumptions,Hypothetical Conditions,etc.): It is noted that this appraisal is not home inspection. Client: Estate of John B.Logan Client file No.: None Appraiser File No.: 13070227 (�!1 f'�CC Copyright®2007 by a la mote,kx This form may be reproducal unmod'Axtl wilhwl vinm permission,howmr,a d mode,kx.muA be acknowledged aq aareed. 92 CONS+` E `SF Form GPCSFAD_LT—'WinTOTAr appraisal software by a la mode,im.—1-900-ALAMODE Page 2 of 3 1012007 Internal Order No.1307OU21 PRFWIU� CERTIFICATIONS_ SUBJECT PROPERTY Property Address: 14 Park Cir City: Camp Hill State: PA Zip Code: 17011 County: Cumberland APPRAISER'S CERTIFICATION I certify that,to the best of my knowledge and belief: —The statements of fad contained in this report are we and correct —The credibility of this report,for the slated use by the stated user(s),of the reported analyses,opinions,and conclusions are limited only by the retorted assumptions and limiting conditions,and are my personal,impartial,and unbiased professional analyses,opinions,and conclusions. —I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. —I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. —My engagement in this assignment was not contingent upon developing or reporting predetermined results. —My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. —My analyses,opinions,and conclusions were developed,and this summary report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. —I did not base,either partially or completely,my analysis and/or the opinion of 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. —I have made a personal inspection of the property that is the subject of this report. —No one provided significant real properly appraisal assistance to the person(s)signing this certification. Additional Certifications: I certify that I have performed no services regarding the subject property within the prior three years,as an appraiser or in any other capacity. SIGNATURES APPRAISER SUPERVISORY APPRAISER(if required) or CO-APPRAISER(if applicable) peul� Supervisory or Appraiser Name: Robert A.Ensminoer Co-Appraiser Name: Company: Robert Ensminger Appraisers Company: Phone: j717 652-0111 Fax: (717)370-5557 Phone: Fax: E-mail: robert ensmirgem.net E-mail: Date of Report(Signature): 07/2612013 Date of Report(Signature): License or Cenlfication#: RL000952L State: PA License or Certification#: State: Designation: PA Certified Res.R.E.Appraiser Designation: Expiration Date of License or Certification: 06/30/2015 Expiration Date of License or Certification: Inspection of Subject: ® Interior&Exterior ❑ Exterior Only ❑ None Inspection of Subject: ❑ Interior&Exterior ❑ Exterior Only ❑ None Date of inspection: 522/2013 Date of Inspection: Client: Estate of John B.Logan Client File No.: None Appraiser File No.: 1,3070227 ervr�Nx°zoos q a u noise.mac.TW I=my be npoaad unmodred wawa w ounn pernshm.h°v1a�.e e mods,bx.nun he arbrmrkdged and°arxed. m CONSUMERSF Form GPCSFAD_LT—W nTOTAL'appraisal software by a la mode,inc.—1-800-ALAMODE Page 3 of 3 1012007 finnemal Order No.130702271 P e#11 of 30 Supplemental Addendum File No.13070227 Owrrer John B.Logan 1'ro Address 124 Park Cir City Camp Hill Counly Cumberland State PA Zi Code 17011 lAppraiser Robert A.Ensminger Clarification of Assumptions, Limiting Conditions, Certifications and Scope of Work On the page 9 of this Appraisal Report,the Scope of Work is defined. The following comments expand the Scope of Work to include any additional research or analysis necessary,based on the complexity of this specific appraisal assignment. The scope of work explanations discussed here and within the body of the report further define,clarify and document what the appraiser did for did not do]in order to develop the appraisal and report the value opinion,based on the complexity of this appraisal assignment and/or as a result of a supplementary Agreement or Engagement Letter"as accepted by the appraiser,Robert A.Ensminger and his client, Estate of John B.Logan. If no written specific and or supplemental Scope of Work was agreed upon with the client(prior to accepting the assignment,by formal engagement letter and included in this report)the Scope of Work outlined here and within the report,is considered to be representative of what typical users of appraisal services would require and in general,what appraisers would provide as reasonable,acceptable and sufficient for the stated intended user's needs. COMPLETE VISUAL INSPECTION: It should be noted that the Appraiser conducted a visual inspection of only the readily accessible areas of the property,viewing only those components of the property which were dearly visible from the ground or floor level.No tests we made of the mechanical,plumbing and electrical systems as such tests are not within the standard guidelines of FNMA or FHLMC. Comments on the condition of the foundation, roof,exterior,interior,floors,mechanical,plumbing,electrical,insulation and all other matters relating to the construction of the subject property is based on a casual observation only and which may have been limited by the placement of personal property,furnishings,etc.so as to preclude observation of the items blocked by same.There was not observation of the attic,crawl space or other areas that would not be visible by the typical visitor to the home and components that are hidden within walls. Although the report may ate a general rating of the adequacy and or condition(based on observation only)it should be clearly understood that these statements are a general guide for comparison purposes(as part of the valuation process)and are not a detailed report on the physical and or operational condition of these items.The appraiser(s)is not an expert in these matters and any opinion stated is advisory based only upon observation.This report is not a home inspection.While others may choose to rely on the report,they should not rely on it to disclose condition and defects.Such knowledge goes beyond the scope of this appraisal and as such,comments on observed conditions given in this report should not be taken as a guarantee that a problem does not exist. The following chart is to assist the intended user in understanding the scope of a complete visual inspection: Complete Visual Inspection Includes: Complete Visual Inspection Does/Did NOT Include: ist the amenities Testing or activating mechanical systems iew readily observable exterior areas Activating appliances View readily observable interior areas Observation of crawl spaces and attics ote quality of materials and workmanship Observation of areas not readily accessible Measure the exterior of the improvements Building Code compliance issues bserve the floor plan and room layout Moving furniture or personal property sess the functional utility of the property Mold Assessment ote the subject's conformity to the market area. Removing or moving)floor coverings Iola style/design. ITesting or inspection of the well and septic. bserve the general condition of the improvements I Reporting ersonal property. bserve a representative sampling of closets,windows,electrical Roof Condition report beyond an observation from ground level. witches,and doors. hot rah exterior and view site around the improvements lRadon Assessment "Inspection the neighborhood"was limited to driving through the area and a representative number of streets,reviewing maps and other appropriate data including observing the comparables from the street,to determine the general factors that may or may not influence the value of the subject property and research to the extent further defined in the sections below. REPAIRS I DETERIORATION: An effort was made to report those repair items that,in the appraiser's opinion,will affect safety,adequacy, and marketability of the property. Deterioration consistent with the age of the home has not been itemized. form TADD_LT—WinTOTAL'appraisal software by a to mode,inc.—1-800-ALAMODE Internal Order No.130702271 P #1 f Supplemental Addendum File No.13070227 Owrrer John B.Logan Pro Address 14 Park Cir City Camp Hill County Cumberland State PA L Code 17011 Appraiser Robert A.Ensmin er COST APPROACH:The cost approach is typically utilized when improvements are new,near new or are of an unusual construction method. Additionally,the cost approach is only considered appropriate when sufficient land or building sites are available to a potential purchaser so as to make construction of improvements similar to the subject a viable alternative to purchasing the subject.In areas where vacant sites (similar to the subject property in location,zoning,use and utility)are not available to a potential purchaser,use of the cost approach and reliability on the same as a value indicator could be misleading.In cases where the Cast Approach is not required(per USPAP)or deemed necessary to the development of a reliable value opinion,the cost approach has been excluded and such exclusion has been so stated with the body of the report. The definition of"market value"on page 9 of this report is not consistent with the definition of"insurable value." As such,it should not be relied upon for insurance purposes. INCOME APPROACH:The income approach is typically developed when sufficient investor owned properties exist with the subject's immediate area or neighborhood and when investors regularly acquire such properties that are similarly desirable to the subject for the express purpose of the investment income they provide.While rental properties may exist within any area,their existence alone should not be considered as evidence of a viable rental and investor marketplace. As such,in areas dominated by'owner occupied"units,it may not be appropriate to present or employ the income approach,unless the approach clearly represents the motivations and actions of investors in the marketplace as it relates to the subject property and immediate area.If the approach is included within the report,it was because sufficient data was found to support conclusions by the appraiser that it was appropriate and meaningful to the analysis and value opinion.If the income approach was not included,it was the appraiser's opinion that the data was insufficient to provide a useful and meaningful conclusion. EXTENT OF DATA RESEARCH-SALES/LISTINGS: Sales and listings of the subject property and comparables have been researched, verified,analyzed,and reported. Sales data(including listed,closed,pending and expired listings)of properties that are geographically, physically,functionally and economically similar to the subject property and that are sufficiently recent to reflect current buyer and seller actions were researched and considered.If necessary and applicable,the appraiser also researched data on comparable land and improved sales,income and expense information and construction costs;confirmed comparable sales information(as noted under'EXTENT OF INFORMATION VERIFICATION;"(see next section))and analyzed the information in applying the approach(es)used. Depending upon the availability and reliability of various data sources,the appraiser(s)used any combination of reasonably available information from city/county records,real estate agents,owner's comments,buyer's description,assessor's records,multiple listing service (MLS)data,brochures,web site listings and visual observation to identify the relevant characteristics of the subject property.Comparables were selected based on physical,functional,economic and location characteristics with the sales cited in the report considered to be most relevant to the analysis of subject property.These sales were adjusted to the subject to reflect the market's reaction to differences If any). EXTENT OF INFORMATION VERIFICATION: Representative samples of disinterested sources for information and data verification include but are not limited to County/City/Township online records-Recorder of Deeds,Treasurer,Zoning,GIS,Online Assessor Property Databases,and the Appraisers electronic and paper files gathered in the ordinary course of business. Information includes sales history, property characteristics,personal observation of condition,location,physical attributes,real estate transaction declaration documents,sale date,and personal property included in a sales transaction,In addition,the subject's market area was examined to determine the demand for and marketability of the property within the subject's classification. When and where passible,the applicable information was verified with sources deemed to be reliable and from a disinterested party or corroborated with a 3rd party source. In some rases,the motivations of the parties and other factors(terms,anus-length transactions,etc.)may not have been available and the data was used at'face value as factually accurate." The appraiser was not supplied with a survey of the subject site and did not check the land records for recorded easements. Only readily apparent and observable easements and encroachments have been reported. Unless otherwise stated within the report,no effort has been made to ascertain whether the subject is located within the appropriate setbacks,as dictated by zoning,building or other regulations. ADVERSE NEIGHBORHOOD FACTORS: While some in the market may consider factors such as drug labs,registered sex offenders, criminal activity,interim rehabilitation facilities,halfway houses or similar uses as"adverse,"unless cited within the report,the appraiser has made no attempt to investigate or discover such activities as part of this assignment,unless such factors were readily apparent and obviously impacting the subject property as evidenced by market data.If the intended user has concerns in these areas it is highly recommended that they secure this information from a reliable source. Farm TADD_I T—"WinTOTAL"appraisal software by a la mode,inc.—1-800-ALAMODE linlernal Order No.1 7 7 P a#1 f Supplemental Addendum File No.13070227 Owrrer John B.Logan Ro Address 14 Park Cir city Camp Hill Courdy Cumberland State PA Zip Code 17011 Appraiser Robert A.Ensminger DISCLOSURE/DISTRIBUTION: Regardless of who paid for this assignment,the intended user is only the client stated within the report. The appraisal and report may be inappropriate for use by parties other than the intended user and could place them at risk.Despite the means of possession of the report,this appraisal should not be used or relied on by anyone other than the stated intended users and for the stated/intended purpose. The Intended User of this appraisal report is the Client,The Intended Use is to evaluate the property that is the subject of this appraisal for personal reasons,subject to the stated Scope of Work,purpose of the appraisal,reporting requirements of this appraisal report form,and the Definition of Market Value. The nature of the assignment may infer Additional Users of this report. Examples would be where this appraisal is to be used for(a.)legal purposes whereby the client's attorney and authorized court personnel become users of this report on behalf of the diem and(b.)estate purposes whereby the client's attorney and authorized taxing authorities become users of this report. This report is copyrighted by Robert A.Ensminger,©2010 and may be registered in the U.S.Copyright Office. Any reproduction,electronic or otherwise,of analyses,drawings,contents,representations or opinions of value made in this report for purposes other than those stated in this report,is not permitted. THE VALUE OPINION:The value opinion stated in the report is based on my analysis as of the effective date shown in the report.The value opinion considers the productivity,economic and physical conditions of the property only as of the effective date of this appraisal. As market conditions change,this value opinion may not be valid in another time period.Personal property such as furnishings,equipment or other items that may be included with a sale or transfer of the property were excluded from the value unless such Aems are necessary for the operations of the property(garage door remotes,pool fitters,etc)and would normally be a part of the mechanical or operational equipment that is considered really. • Description of the Improvements - Property Condition The subject property is in fair to poor condition when compared to other properties in the area. Maintenance of the property has been deferred beyond a reasonable point. Water standing on the basement floor- no sump pump and inadequate foundation drainage, negative slope exterior grading exacerbates foundation drainage. Settlement issues were noted at the front porch and laundry areas. Kitchen and bath room need total renovation. Jack &Jill half bath is not operational. Electrical system is outdated and needs to be upgraded to current standards. Damage from prior roof leaks noted in the kitchen & den. Painting and wall & ceiling repairs are needed throughout the home including the basement walls. Asbestos and lead base paint issues need correction and/or abatement. No smoke detectors were noted. Very large trees in the yard overhang the house and are cause for potential damage to the roof. Plantings around the perimeter of the home need to be cut back. Form TADD_LT—"WinTOTAL"appraisal software by a la mode,inc.—1-800-ALAMODE finternal Order No.1 7 227 P e#14 f Owner John B.Lo an File No.13070227 Property Address 14 Park Cir City Camp Hill County Cumberland State PA Zip Code 17011 Appraiser Robert A.Ensmin er APPRAISAL AND REPORT IDENTIFICATION This Appraisal Report is one of the following types: ❑ Self Contained (A written report prepared under Standards Rule 2-2(a) ,pursuant to the Scope of Work,as disclosed elsewtuare in this report.) ® Summary (A when report prepared under Standards Rule 2-2(b) ,pursuant to the Scope of Work,as disclosed elsewhere in this report.) ❑ Restricted Use (A written report prepared under Standards Rule 2-2(c) .pursuant to the Scope of Work,as disclosed elsemiere in this repot, restricted to the stated intended use by the specified client or intended user.) Comments on Standards Rule 2-3 1 certify that,to Ube best of my knowledge and belief: —The statements of fact contained in this report are true and correct. —The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are my personal,impartial,and unbiased professional analyses,opinions,and conclusions. —Unless otherwise indicated,I have no present a prospective interest in the property that is the subject of the report and no personal interest with respect to the parties involved. —Undess o0erwise indicated,I have performed no services,as an appraiser or in any other capacity,regarding the property that is the subject of this report within the three-year period immediatefy precee irq acceptance of this assignment. —I have no bias with respect to the property that is the subject of this report a the parties involved with this assignment. —My engagement in this assignment was not contingent upon developinq or reporting predetermined results. —My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value a direction in value that favors the cause of the den,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. —My analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Undam Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. —Unless otherwise indicated,I have made a personal inspection of the property that is the subject of Ws report. —Unless otherwise indicated,no one provided significant real property appraisal assistance to the person(s)signing this certification(f there are exceptions,the name of each individual providing significant real property appraisal assistance is stated elsewhere in UHS report). Comments on Appraisal and Report Identification Note any USPAP related issues requiring disclosure and any State mandated requirements: APPRAISER: Co-Appraiser: Signature: J� �(" / Signature: Name: Robert Ensminper Name: Designation: PA Certified Res.R.E.Appraiser Designation: Dale Signed: 07/26/2013 Date Signed: Slate Certification#: RLO00952L Slate Certification#: or State License#: or State License#: State: PA State: Expiration Date of Certfication or License: 06/30/2015 Bpration Date of Certification or License: Inspection of Subject: Inspection of Subject: ❑ None ® Interior ❑ Exterior ❑ None ❑ Interior ❑ Exterior Dale of Inspection 5/2212013 Date of Inspection Form ID10_LT—"WinTOTAL"appraisal software by a la mode,im.—1-800-ALAMODE Irrt mat Order N 130702271 Pj #1 f Subject Photo Paqe Owner John B.Logan Property Address 14 Park Cir city Camp Hill COLWAy Cumberland State PA li Code 17011 Appraiser Robert A.Ensminger Subject Front 14 Park Or S Saks Price N/A Goss Living Area 1,855 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 1.2 Locadon Lover Allen Yew Average Site 0.17 Acres Quality Brick Average Aqe 63 tT Subject Rear Subject Street Form LPICPI%.DSS_LTR—'WinTOTAL"appraisal software by a la mode,inc.—1-BOO-ALAMODE 1 s y of Y, :7 lit 44 tc. i i `�. `S� '� Y 'Y5D].��.v}}'+,L�.Y•�5Y}y�yr:' �. TM� , a :11 11 lingernal Order No.1 7 227 Page#17 of 301 Interior Photos Owner John B.Logan Property Address 14 Park Cir city Camp Hill County Cumbertand State PA li Code 17011 Appraiser Robert A.Ensmin er r x .F s -rJ Basement . . nT sLl,' O Kitchen Kitchen ��1�NNFFFYl/ Kitchen Bath Form PICINT6–LT—"WinTOTAC appraisal software by a la mode,inc.—1-8o0-ALAMODE IrKemml Order N .130702271 PauT#18 of Interior Photos Omer John B.Logan property Address 14 Park Cir city Camp Hill Courly Cumberland State PA Zip Code 17011 Appraiser Robert A.Ensminger Bedroom Bedroom t .x i ra Bedroom Attic tl Bath Jack&Jill 112 Bath Form PICINT6_LT—"WinTOTAL"appraisal software by a la mode,inc.—1-800-ALAMODE Irtamal Order ..130702271 Interior Photos Iovrrer John B.Logan I Property Address 14 Park Cir I City Camp Hill Cwq Cumberland State PA ZipCode ADDraiSar Robert A.Ensminger Electric senrice Laundry Kitchen Ceiling in 1 1 ' ci •� V R y I I • `I �� 1- � t c v r �• ;` ralti . •" 11 1 11 11 IlMemal Order. ,. 130702271 '.:' . 41 . J Comparable Photo Paqe ir city Camp Hill C%M Cumberland State PA ZipCode 1 1 Appraiser Robert A.Ensminger r 1510 Carlisle Rd q Prox.to Subject 0.11 miles S Sales Prim 105.000 Gross Living Area 1,656 Total Bedrooms , Average VM• Site 0.20 Acres Guilty Age 64 AW CPML Comparable 2 54 Westerly Rd Piox.to Subject 1.73 miles W Sales Price 95,000 Gross Wnq Aim 2,022 Total Bedrooms 3 jF Total Baftooms 1.2 Location Camp Hill Bom View Average Site- .Sy;.j 7 S!� irk,i is" R\A—T'�, View .? •�. w?I 0.18 Acres Qmfily Brick Average Age 64 Comparable 3 237 N 26th St Prox.W Subject 1.51 miles NW �•-r-�..•1 _ Sales Price 92,000 Gross Living Area 1.879 Total Rooms 6 Total Bedrooms 3 Location Camp Hill Boro ,—� v; • • 'L., Ski t�~ i—` 42�stt�"'. Vim Average Site Quality Brick Average Age 98 0.16 Acxes 1 1 :II 11 higml p hh.130702271 Comparable Photo Page 0w John B.L an R AGdess 14 Park Gw Courky Cumberland Aare PA Do Code 1 liuooratmr Robert A.Ensmi r Comparable 4 1614 Letchworth Or Prm.to bW 0.39 mikes W Sales Rke 94.500 Grass lrvirg Area 1,353 TMI Rome 6 ti Total Bebootm 3 Trial Batlucnms 1.0 }' Lorsboo Lower Allen Ynvr AwaBe Soo 0.33 Acres tt`{ OMIy Frame/Average Age 62 Comparable 5 Pmx.n Abject Sales Rice Gross LMrg Area Total Rooms TMI Bodromis Trial Balkome Lm Vx SBe URy Aqe Comparable 6 Sales Price Gross LMM Area Trial Room Teal Bedrowm Talal BalMopns Localpn V. me Uu y Aqe Fpm PICPU CR—WmTOTW appraisal software by a b mode,mc.—1-BM AUM00E lintemal Order No.130702271 Pa i a# f Buildinq Sketch n.Lo an t:v Address John ci, city Camp Hill County Cumberland State PA ZipCode 17011 Apiniser Robert A.Ensminger 7. 6' 12' 1 35' 7' 19, 91 35- 23' 23' I$19 ft $19 sq ft Rw ToW lniW (Raundad): MsSqft op�� Wsqft Form SKT LT.BldSkl—"WinTOTAr appraisal software by a la mode,iK.—1-B00-ALAMODE Irgemai Order No.1 70227 Pace#2 of Building Sketch Owmr John B.Logan Ro Address 14 Park Or city Camp Hill County Cumberland State PA Zi Code 17011 Appraiser Robert A.Ensmin er Rrst{kw r0.365aft 29. 3] M35=IOIS Secaq Im 819 s9 ft 7 x 3 Is 35:23= 805 TnmLNq 4u rrb ): less sgft a4_ oven wim lw s9n sxa rw meM 529'q ft D x 33= 539 Form SKT_LT.BMSkI—"WinTOTAL"appraisal software by a la mode,inc.—1-800-ALAMODE Location Map On John B.Logan Propuly Address 14 Park Ck City Camp Hill C Cumberland Stale PA li Code 17011 Appraise Robert A.Ensmi r a la mode inc: a. ` i, [ -::,; \.,' b \`• a,,., - .s, T] Keay N. i c �vQI❑ w U. y/IJJL . +tr ^\ e �1 �` > dL� Form MAP LT.LOC—'WinTOTAL'appraisal software by a la mode,im.—1-BOD"ALAMODE ®.J • � *PLR '� .• ,y y `� ie— p . t , + �• `� Subject 24 Park Clr • ;b '�s ,r�'��.•. .a mi 10 i r .c ,. .y a , ��' •� t t s;11 � r x •i Y4 4 Y� r =. . i� Let ( .�..I wwv•pit t aµ 1 71 y f 1 1 I •11 11 mal Order No.1 7 7 P # f Plat Map Owns John B.Logan Pro Address 14 Park Cir Cit Cam Hill C Cumberland State PA Zip Code 17011 A aiser Robert A.Ensmin er Mapper OP y� { 85 `'''A`W Mt 'f IV 84 -" ' .» duo 43 An '; I� } � M a� 4 R. .„aS J�itii, � i YN 0 �j ,M �yi,i ft r .'.72.'>s'i7...1 Y � _ a _.l_.L-. fam MAP_LTPLAT—'WinTOTAL”appraisal software by a la mode,iK.—1-800-ALAMODE 11riterrial Order No, 7 f Flood Map Owner John B.Logan Property Address 14 Park Cir city Camp Hill CUM Cumberland State PA ZipaCode 17011 Appraiser Robert A.Ensminger o Prepared for: Interftodg&e Robert EnsmingerAppraisers a.r•wa 14 Park Cir www,inter/lood.tom•1-800-252-6633 Camp Hill,PA 17011-3926 Subject ' 3 y +� M ' 1 I Park Cir N a w z na. z_ FLOOQSCAPE Fbod Hazards Map Map XOm6er 12011Ca282E EMecXve aete Mercr�ta,2(If� bti.]].F�OOD w•w.tbmaa,roe.mm O 1§. 2012 Y rce w ardor Floe as Corppr .At right,move.Pat,rar e.e31,325 W e.eia,ala.ONar pitmtt pvr*V, Fu Icro.vn;o$nooaawttt.mn. 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Sa s Bo d tion Re 75TATE OF JOHN B LOGAN CATHERINE HAI 466-83-1722 Redemption Date: 07/25/2013 t0 SUGAR MAPLE DR ETTERS PA 17319-0000 Transaction Number: 4325206073 Serial Number Series Denom Issue Issue Price Interest Earned Redemption Date Value 10041784220 EE $1,000.00 06/ 1992 $500.00 $952.00 $1,452.00 10045698317 EE $1,000.00 08/ 1993 $500.00 $600.80 $1,100.80 10055215209 EE $1,000.00 12/ 1993 $500.00 $586.40 $1,086.40 10059344563 EE $1,000.00 03/ 1994 $500.00 $575.60 $1,075.60 10062288165 EE $1,000.00 09/ 1994 $500.00 $554.40 $1,054.40 10062288515 EE $1,000.00 11 / 1994 $500.00 $547.60 $1,047.60 30041784772 EE $1,000.00 11 / 1992 $500.00 $923.60 $1,423.60 40055214860 EE $1,000.00 10/ 1993 $500.00 $593.60 $1,093.60 40059344931 EE $1,000.00 05/ 1994 $500.00 $568.40 $1,068.40 40059345316 EE $1,000.00 07/ 1994 $500.00 $561.60 $1,061.60 60041784478 EE $1,000.00 08/ 1992 $500.00 $92160 $1,423.60 60045697629 EE $1,000.00 03/ 1993 $500.00 $618.80 $1,118.80 70062288853 EE $1,000.00 01 / 1995 $500.00 $540.40 $1,040.40 70062289205 EE $1,000.00 03/ 1995 $500.00 $533.60 $1,033.60 80045697994 EE $1,000.00 06/ 1993 $500.00 $608.00 $1,108.00 90062289559 EE $1,000.00 05/ 1995 $500.00 $506.80 $1,006.80 Total Total Total Price Interest Value Imq Total number of bonds redeemed: 16 $8,000.00 95.20 LO',,S'b. Savings kBot 0 empt on Receipt STATE OF JOHN B LOGAN CATHERINE HAM 466-83-1722 Redemption Date: 07/26/2013 IO SUGAR MAPLE DR ETTERS PA 17319-0000 Transaction Number: 4325207074 Serial Number Series Denom Issue Issue Price Interest Earned Redemption Date Value 00062290199 EE $1,000.00 08/ 1995 $500.00 $504.00 $1,004.00 00062290518 EE $1,000.00 10/ 1995 $500.00 $504.00 $1,004.00 10062289892 EE $1,000.00 06/ 1995 $500.00 $506.80 $1,006.80 20041785123 EE $1,000.00 01 / 1993 $500.00 $923.60 $1,423.60 20062290872 EE $1,000.00 12/ 1995 $500.00 $502.80 $1,002.80 30062293821 EE $1,000.00 03/ 1997 $500.00 $340.40 $840.40 40062293250 EE $1,000.00 12 / 1996 $500.00 $342.80 $842.80 50041793013 EE $1,000.00 04/ 1992 $500.00 $952.00 $1,452.00 50062291568 EE $1,000.00 04/ 1996 $500.00 $500.00 $1,000.00 50062292250 EE $1,000.00 07/ 1996 $500.00 $500.00 $1,000.00 60041792783 EE $1,000.00 01 / 1992 $500.00 $980.80 $1,480.80 60062291910 EE $1,000.00 05/ 1996 $500.00 $500.00 $1,000.00 80062293529 EE $1,000.00 02/ 1997 $500.00 $340.40 $840.40 90062291220 EE $1,000.00 02/ 1996 $500.00 $500.00 $1,000.00 90062292573 EE $1,000.00 09/ 1996 $500.00 $359.60 $859.60 90062292870 EE $1,000.00 11 / 1996 $500.00 $342.80 $842.80 Total Total Total Price Interest Value Total number of bonds redeemed: 16 $8,000;00 $8,600.00 $16,600.00 U.S. S I gp pj B i d I Redemp ron R p `ST OF JOHN B LOGAN CATHERINE HAMILTC 466-83-1722 Redemption Date: 07/29/2013 J SUGAR MAPLE DR ETTERS PA 17319-0000 Transaction Number: 4325210075 Serial Number Series Denom Issue Issue Price Interest Earned Redemption Date Value 00062294181 EE $1,000.00 05/ 1997 $500.00 $363.60 $863.60 00065072814 EE $1,000.00 08/ 1998 $500.00 $315.60 $815.60 20065073355 EE $1,000.00 11 / 1998 $500.00 $295.60 $795.60 40062294449 EE $1,000.00 06/ 1997 $500.00 $363.20 $863.20 50062295011 EE $1,000.00 10/ 1997 $500.00 $361.20 $861.20 50065072038 EE $1,000.00 04/ 1998 $500.00 $336.00 $836.00 50065072281 EE $1,000.00 05/ 1998 $500.00 $316.80 $816.80 60065073590 EE $1,000.00 01 / 1999 $500.00 $294.80 $794.80 70062294694 EE $1,000.00 08/ 1997 $500.00 $362.40 $862.40 70062295805 EE $1,000.00 02/ 1998 $500.00 $336.80 $836.80 70065072601 EE $1,000.00 07/ 1998 $500.00 $316.00 $816.00 80062295509 EE $1,000.00 12/ 1997 $500.00 $338.00 $838.00 80065073053 EE $1,000.00 10/ 1998 $500.00 $314.80 $814.80 90062295246 EE $1,000.00 11 / 1997 $500.00 $338.40 $838.40 90065073835 EE $1,000.00 02/ 1999 $500.00 $294.40 $794.40 90065074132 EE $1,000.00 04/ 1999 $500.00 $293.60 $793.60 Total Total Total Price ■■ Interest Value Total number of bonds redeemed: 16 ST OF JOHN B LOGAN CATHERINE HAMILTC 466-83-1722 Redemption Date: 07/29/2013 10 SUGAR MAPLE DR ETTERS PA 17319-0000 Transaction Number: 4325210076 Serial Number Series Denom Issue Issue Price Interest Earned Redemption Date Value 00065075366 EE $1,000.00 12/ 1999 $500.00 $261.60 $761.60 00065075806 EE $1,000.00 03/ 2000 $500.00 $260.40 $760.40 00065076004 EE $1,000.00 04/ 2000 $500.00 $260.00 $760.00 10065075497 EE $1,000.00 01 / 2000 $500.00 $261.20 $761.20 10065076916 EE $1,000.00 11 / 2000 $500.00 $222.00 $722.00 20065076446 EE $1,000.00 08/ 2000 $500.00 $241.60 $741.60 10065074368 EE $1,000.00 05/ 1999 $500.00 $278.40 $778.40 30065076139 EE $1,000.00 05/ 2000 $500.00 $242.80 $742.80 40065074600 EE $1,000.00 07/ 1999 $500.00 $277.60 $777.60 40065075678 EE $1,000.00 02/ 2000 $500.40 $260.80 $760.80 60065075152 EE $1,000.00 10/ 1999 $500.00 $276.40 $776.40 70065074823 EE $1,000.00 08/ 1999 $500.00 $277.20 $777.20 70065075021 EE $1,000.00 10/ 1999 $500.00 $276.40 $776.40 70065076627 EE $1,000.00 09/ 2000 $500.00 $24120 $741.20 80065076331 EE $1,000.00 07/ 2000 $500.00 $242.00 $742.00 80065076738 EE $1,000.00 10/ 2000 $500.00 $240.80 $740.80 Total Total Total Price Interest Value Total number of bonds redeemed: 16 $ "000. 0 $ 120.40 $12 120.40 U.S. Savings Bond Redemption Receipt --ST OF JOHN LOGAN CATHERINE HAMILTON 466-83-1722 Redemption Date: 07/29/2013 :10 SUGAR MAPLE DR ETTERS PA 17319-0000 Transaction Number: 4325210077 Serial Number Series Denom Issue Issue Price Interest Earned Redemption Date Value 00065078479 EE $1,000.00 12/ 2001 $500.00 $186.00 $686.00 10065077226 EE $1,000.00 02/ 2001 $500.00 $220.80 $720.80 10065077512 EE $1,000.00 04/ 2001 $500.00 $220.00 $720.00 10065077917 EE $1,000.00 07/ 2001 $500.00 $201.60 $701.60 10065078370 EE $1,000.00 11 / 2001 $500.00 $186.40 $686.40 20065077337 EE $1,000.00 03/ 2001 $500.00 $220.40 $720.40 20065077810 EE $1,000.00 06/ 2001 $500.00 $202.00 $702.00 30065078636 EE $1,000.00 01 / 2002 $500.00 $185.60 $685.60 40065077625 EE $1,000.00 05/ 2001 $500.00 $202.40 $702.40 50065078737 EE $1,000.00 02 / 2002 $500.00 $185.20 $685.20 60065078078 EE $1,000.00 08/ 2001 $500.00 $201.20 $701.20 60065078199 EE $1,000.00 09/ 2001 $500.00 $200.80 $700.80 80065077046 EE $1,000.00 12/ 2000 $500.00 $221.60 $721.60 Total Total Total Price Interest Value Total number of bonds redeemed: 13 $6,500.00 $2,634.00 $9,134.00 Linglestown Office 2600 Linglestown Road Harrisburg, PA 17110 (717) 652-0885 ROBERT ENSMINGER APPRAISERS REAL ESTATE and PERSONAL PROPERTY 3557 Elmerton Avenue July 26, 2013 Harrisburg,PA 17109-1132 Steven J. Schiffman, Esquire 717-6524111 voice Serratelli Schiffman & Brown, PC 717-370-5777 Fax 717-877-7350 Cell 2080 Lin g lestown Road Harrisburg, PA 17110 threecomosQ,comeastmet or Rober1QEnsnunRers.net RE: Estate of John B. Logan w .Eusmingersm Dear Mr. Schiffman: In accordance with the request of Catherine Hamilton, executrix of the Estate of John B. Logan, Deceased, I have appraised the listed personal property. The property is located at 14 Park Circle, Camp Hill, PA 17011. 1 have made a physical inspection of the items listed in the attached report on July 2, 2013. 1 have also appraised the real estate for the property address listed above. The values shown have been arrived at after a careful study of the property. I believe it to reflect a true measure of its estimated value as of May 22, 2013. The intended users of this report are the executor(s) or the administrator(s) of the estate, estate attorneys and the PA Department of Revenue. There are no other intended users. The intended use of this report is for estate purposes. Estimated value is defined as the appraiser's professional opinion of the estimated gross amount, expressed in terms of cash, which the listed assets would typically realize if exposed for public sale at a properly advertised and professionally managed orderly liquidation at a listed or negotiated price usually within a short period of time of the effective date of this report. Further consideration is given to the ability of the assets to draw sufficient prospective buyers to insure competitive offers are considered. All items are valued on a per item basis, in "as is" condition, with purchasers responsible for removal of assets at their own risks and expenses. Any deletions or additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated. Taking into account all of the factors set forth in the pages that follow, it is the opinion of the undersigned that the estimated value of the listed personal property is One Thousand Forty Dollars ($1,040.00.) The value of the real estate, as detailed in a separate report is Eighty-Seven Thousand Five Hundred Dollars ($87,500.00.) Employment in and compensation for making this appraisal are in no manner contingent upon the value reported and I certify that I have no financial interest in the property appraised, present or contemplated. Very truly yours, Robert A. Ensminger ITEM VALUE Samsung 32" N $ 150.00 Bose Wave radio $ 125.00 10,000 BTU portable air conditioner $ 200.00 Dell XP Home computer, printer, 24" monitor $ 75.00 Corner cabinet & contents $ 50.00 Maple drop leaf thble $ 30.00 Oreck air purifier $ 25.00 Misc. household items $ 25.00 Sony boom box $ 15.00 Kenmore canister vac $ 45.00 Kenmore sewing machine $ 30.00 Total Gym 1000 $ 70.00 Weider weight bench & weights $ 75.00 Misc. tools $ 30.00 Records (45's) $ 15.00 Footlockers $ 20.00 Misc. in bedrooms $ 60.00 TOTAL $ 1,040.00 Note: Most household furnishings are old and worn out and/or are in poor condition and have no value. Scope of Work The following comments expand the Scope of Work to include any additional research or analysis necessary, based on the complexity of this specific appraisal assignment. The scope of work explanations discussed here and within the body of the report further define, clarify and document what the appraiser did[or did not do]in order to develop the appraisal and report the value opinion, based on the complexity of this appraisal assignment and/or as a result of a supplementary Agreement or Engagement Letter'as accepted by the appraiser, Robert A. Ensminger and his client. If no written specific and or supplemental Scope of Work was agreed upon with the client(prior to accepting the assignment, by formal engagement letter and included in this report) the Scope of Work outlined here and within the report, is considered to be representative of what typical users of appraisal services would require and in general, what appraisers would provide as reasonable, acceptable and sufficient for the stated intended user's needs. COMPLETE VISUAL INSPECTION: It should be noted that the Appraiser conducted a visual inspection of only the readily accessible areas of the assets, viewing only those components of the asset which were clearly visible. No tests we made of any mechanical, electrical or electronic systems as such tests are not within the Scope of Work. Comments on the condition of the asset are based on a casual observation only and which may have been limited by the placement of assets so as to preclude observation of the items blocked by same. Although the report may cite a general rating of the adequacy and or condition(based on observation only)it should be dearly understood that these statements are a general guide for comparison purposes(as part of the valuation process)and are not a detailed report on the physical and or operational condition of these items. The appraiser is not an expert in these matters and any opinion stated is advisory based only upon observation. While others may choose to rely on the report, they should not rely on it to disclose condition and stated defects. Such knowledge goes beyond the scope of this appraisal and as such,comments on observed conditions given in this report should not be taken as a guarantee that a problem does not exist. REPAIRS/DETERIORATION: An effort was made to report those repair items that, in the appraiser's opinion, will affect safety, adequacy, and marketability of the property. The Market Data or Sales Comparison Approach to value compares recent sales of similar assets to the subject asset being appraised. Adjustments may be made to the comparable sale for such items as condition, age, provenance, obsolescence and time of sale to arrive at an indication of the most probable selling price of the asset. The Market Data Approach is based on the premise that the asset is easily substituted in the market place for a similar asset of similar quality and price. The market is an established means of buying and selling assets through established channels including auctions, second hand dealers, public and private sales. Auctions are the preferred method of marketing when a liquidation value is being sought. Auctions are usually properly advertised and professionally managed and assets can be liquidated in a relatively short period of time. The orderly liquidation value as reported herein is not consistent with the definition of"insurable value" and should not be relied upon for insurance purposes. The Cost Approach measures value by determining the current cost of an asset and adding for appreciation or deducting for depreciation. Several types of depreciation can be associated with an asset including,but not limited to physical deterioration, functional, economic and technological obsolescence. Since depreciation is very subjective and sometimes difficult to prove, use of the cost approach and reliability on the same as a value indicator could be misleading. In most cases the Cost Approach is not deemed necessary to the development of a reliable value opinion, therefore the Cost Approach has been excluded and was not used in this report. Scope of Work (Concluded) The INCOME APPROACH is typically developed when the value is related to the economic return that an asset can produce. It is usually not applied to individual assets due to the difficult task of identifying individual income streams. The Income Approach is typically used with assets that produce rental income, especially large, movable construction equipment,and commercial transportation vehicles. The appraiser has determined the Income Approach was not appropriate and meaningful to the analysis and value opinion. For this reason, the Income Approach was not employed as a valuation tool. EXTENT OF DATA RESEARCH: Sales and listings of assets comparable to the assets being appraised have been researched, verged, analyzed, and reported. Sales data of assets geographically, physically,functionally and economically similar to the subject assets and that are sufficiently recent to reflect current buyer and seller actions were researched and considered. If necessary and applicable,the appraiser also researched data on comparable income and expense information and replacement costs. Depending upon the availability and reliability of various data sources,the appraiser used any combination of reasonably available information from owner's comments; buyer's descriptions; manufacturer's and dealer's web sites; brochures; Internet auction sites such as eBay or Auction Arms; informational web sites such as Kelley Blue Book, NADA, Edmunds, Machinery Trader,Art Facts, Prices for Antiques and the like; posted auction prices of other auctioneers; the appraiser's own experiences selling similar type assets at public auction and the appraiser's personal library. When and where possible, the applicable information was verified with sources deemed to be reliable and from a disinterested party or corroborated with a 3rd party source. In some cases, the motivations of the parties and other factors(terms, arms-length transactions, etc.)may not have been available and the data was used at"face value as factually accurate." DISCLOSURE/DISTRIBUTION: Regardless of who paid for this appraisal report, the intended user is only the client stated within the report. The appraisal and report may be inappropriate for use by parties other than the intended user and could place them at risk. Despite the means of possession of the report, this appraisal should not be used or relied on by anyone other than the stated intended users and for the stated/intended purpose. The Intended User of this appraisal report is the Client. The Intended Use is to evaluate the assets that are the subject of this appraisal for reasons stated elsewhere in this report, subject to the stated Scope of Work, purpose of the appraisal,the developmental and reporting requirements of the Uniform Standards of Professional Appraisal Practice(USPAP,), and the Definition of Value. The nature of the assignment may infer Additional Users of this report. Examples would where this appraisal is to be used for(a.) legal purposes whereby the client's attorney and authorized court personnel become users of this report on behalf of the client; and (b.) estate purposes whereby the client's attorney and authorized taxing authorities become users of this report. This report is copyrighted by Robert A. Ensminger,©2010, and maybe registered in the U.S. Copyright Office. Any reproduction, electronic or otherwise, of analyses, drawings, photographs, contents, representations or opinions of value made in this report for purposes other than those stated in this report, is not permitted. THE VALUE OPINION: The value opinion stated in the report is based on my analysis as of the effective date shown in the report. The value opinion considers the productivity, economic and physical conditions of the assets only as of the effective date of this appraisal. As market conditions are constantly changing,this value opinion may not be valid in another time period. Statement of Assumptions and Limiting Conditions 1. In preparation of this appraisal report, no investigation was made as to the actual ownership of personal property herein appraised. Unless otherwise stated, the personal property has been valued in fee simple, unencumbered by liens and fractional interests. 2. All opinions as to values stated are those of the appraiser and are based upon the facts and data made available to me. The appraiser assumes no liability or responsibility for changes in the market place or in technology, which may in some way, alter or change the stated values. 3. No responsibility is assumed for information furnished by others and the appraiser assumes no responsibility for matters of a legal nature. 4. This appraisal was made for the purpose stated and is not to be used for any other purpose. 5. Possession of this appraisal report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed and the stated users without the express written consent of the appraiser. 6. The appraiser, by reason of this appraisal, shall not be required to give testimony as an expert witness in any legal hearing or before any court of law unless advance arrangements have been made with the appraiser at an additional fee. 7. Leasehold improvements have not been taken into consideration unless specifically noted in the appraisal report. 8. The appraiser has used his best professional judgment to accurately value the subject according to the specified definitions, and the values reported in the appraisal documents represent the opinion of the appraiser as of the effective date of the appraisal. Such values are subject to significant alteration and will be affected by time, changes in condition, obsolescence, changes in the market place or in the economy and many other factors beyond the control of the appraiser. Reliance upon stated values for any purpose, beyond the effective date of this appraisal is inadvisable. 9. Authenticity of paintings and art work and provenance of antiques and decorative arts is assumed, but not guaranteed. Paintings and art work under glass were not examined out of frames and are assumed to be as identified and in good condition unless otherwise stated. Statement of Assumptions & Limiting Conditions (Concluded) 10. Services containing multiple pieces may or may not have been completely examined, and are assumed to be complete and in good condition, unless otherwise stated. An individual piece is assumed to be representative as to condition. If values are given per set or per lot, the value is for the set or the lot, and no opinion is given as to an individual value, or to proportionate values. 11. Porcelains, pottery, ceramics, and other fragile items have not been examined to museum standards or methods, for repairs or hidden damage, and are therefore subject to further examination. 12. Colored stones and diamonds may be enhanced by using one or more techniques including, but not limited to, clarity enhancement, resins, and heat treatment. In many cases, it is impossible to tell whether a natural stone has been enhanced without a detailed report from a qualified laboratory. The value determination in this report assumes that no major enhancement has taken place unless so stated. 13. Ivory, jade, bronze, gold, sterling silver, and similar materials have not been tested by laboratory standards, or methods for purity and authenticity, and are subject to further examination. 14. Coins and paper currency were not examined for authenticity or counterfeits and were not removed from books, flips, slabs, rolls or other packaging. In most cases the package markings are assumed to contain the listed contents. 15. Machinery, equipment and vehicles were not operated and are assumed to be in working condition unless noted. 16. Electronics and computers were not tested and are assumed to be in working order unless noted. 17. Firearms were not examined internally and were not fired. Various component parts were not checked for matching serial numbers. All firearms are assumed to be in working order unless noted. 18. Measurements and weights are approximate. Wood identity is not guaranteed without further research. 19. It should be noted, that any additions or deletions to the total assets could change the psychological and or monetary appeal necessary to obtain the values indicated within this report. Certifications I certify that, to the best of my knowledge and belief; • The statements of fact contained in this report are true and correct. • The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. • I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved. It is noted, however that the appraiser is also an auctioneer that regularly conducts liquidation services for clients. At the present time there are no contracts for future services. • I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. • My engagement in this assignment was not contingent upon developing or reporting predetermined results. • My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. • My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. • I have made a personal inspection of the property that is the subject of this report. • No one has provided significant personal property appraisal assistance to the person signing this certification. • I have not performed any business services, as an appraiser or in any other capacity, for the party whose assets are being valued within the past three years. Robert A. Ensminger July 26, 2013 Y. O W Q O r I+ Q CO LL a r- i N + W a W O E x vl E H W w ° a "' 0 z z ar � � x :::) U oNw . zcn z O �caaxw W3W ,'7H w woa U0U � U ' . r L s P a� m � N O m ti A v m .- � � a E o !G w a N y � C N �J= SERRATELLI SCHIFFMAN & BROWN P.C. LORI K.SERRATELLI November 12 2013c w rn STEVEN J.SCHIFFMAN ' C p O MICHAEL F.BROWN .rn O Ri rn JOHN D.SHERIDAN` r Irn W 9 C7 Cumberland County Register of Wills F.R.MARTSOLF Cumberland County Courthouse D��. ;K -a °-+° a�,1 cARAA.soYANOwsxl 1 Courthouse Square � m MERRITT C.REITZEL Carlisle, PA 17013 ^' r U JENI S.MADDEN Re: Estate of John B. Logan GARTH A.STEPHENSON No. 21-13-0636 of counsel(IfD&Dc bars only') SPERO T.LAPPAS of.-am Dear Register of Wills: NEIL E. HENDERSHOT aft.ab N]`` •ADMITTL➢IN P Enclosed for filing,.please find the Inheritance Tax Return with regard to the above captioned matter. 2080 LINGEESTOWN RD.STE 201 Please time and date stamp the extra copy and return it to me in the HARRISBURG,PA 17,10-9670 enclosed self-addressed stamped envelope. tel 717.540.9170 Thank you, in advance, for your assistance in this matter. fax 717.540.5481 w .SSBC-LAW.Col.[ Very truly yours, SERRATELLI, SCHIFFMAN & BROWN, PC Q Debra A. EVngelisti, Paralegal Mae Enclosures