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10-22-14
REV-1500 EX 1'"o' 1505610140 OFFICIAL USE ONLY PA Department of Revenue CountyCode Year File Number Bureau of Individual Taxes PO BOX 260601 INHERITANCE TAX RETURN 2 1 1 3 0 3 1 0 Harrisburg,PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 2 0 2 2 0 5 9 3 4 1 2 1 2 2 0 1 2 1 2 1 6 1 9 2 6 Decedent's Last Name Suffix Decedent's First Name MI N 0 L L R 0 B E R T L (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW Q 1.Original Return D 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) Q 6.Decedent Died Testate 7.Decedent Maintained a Living Trust 8.Total'Number of Safe Deposit Boxes - (Attach Copy of Will) (Attach Copy of Trust) u 9.Litigation Proceeds Received 10.Spousal Poverty Credit(date of death Q 11.Election to tax under Sec.9113(A) between 12-31-91 and 1-1-95) (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number D_ 0 U G L A S G - M I L L E R 7 1 7 2 4 9 2 3 5 3 REGISW OF WILLS USE)ONLY i : r'-I First line of address t I R W I N & M c K N I G H T P C ,. r- rNv Second line of address '"'1 6 0 W E S T P 0 M F R E T S T R E E T _r.1 City or Post Office State ZIP Code AA 'DE FILED C A R L I S L E P A 1 7 0 1 3 Correspondent's e-mail address: 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 comple .Declaration f preparer other than the personal representative is based on ali information of which preparer has any knowledge. $11314ATURE OF PERSON R SPON DLE I NG-RETURN DATE ADDRESS 2 VISTA CIRC E LEMOYNE PA 17043 SI URE O?j PREPA ER HE HAN REPRESENTATIVE A S 60 WEST POMFRET STREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505610140 1505610140 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name: ROBERT L - N O L L 2 0 2 2 0 5 9 3 4 RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Stocks and Bonds(Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 5 7 7 3 7 7 . 4 9 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . . . . . 3. 8 9 2 5 3 1 . 3 7 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E). . . . . . . 5. 9 0 2 2 • 8 1 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested . . . . .. . 6. 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) ❑ Separate Billing Requested . . . . . . . 7. 3 9 5 1 7 . 9 6 8. Total Gross Assets(total Lines 1 through 7) .. . . . . . . . . . . . . . . . . . . . . . . . . . 8. 1 5 1 8 4 4 9 . 6 3 9. Funeral Expenses and Administrative Costs(Schedule H) .. . . . . . . . . . . . . . . . . 9. 5 1 4 1 8 . 1 0 10. Debts of Decedent, Mortgage Liabilities,and Liens(Schedule 1) . . . . . . . . . . . . . 10. 3 1 4 6 . 1 6 11. Total Deductions(total Lines 9 and 10) . . .. . . . . . . . . . . .. . . . . . . . . . . . . . . . 11. 5 4 5 6 4 . 2 6 12. Net Value of Estate(Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 1 4 6 3 8 8 5 . 3 7 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) . . . . . . . . . . . . . . . . . . . . . . 13. 1 0 0 0 0 . 0 0 14. Net Value Subject to Tax(Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . . 14. 1 4 5 3 8 8 5 . 3 7 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 (a)(1.2)X.0 _ 0 . 0 0 15. 0 . 0 0 16. Amount of Line 14 taxable at lineal rate X.045 1 415 3 8 8 5 . 3 7 16. 6 5 4 2 4 . 8 4 17. Amount of Line 14 taxable at sibling rate X.12 0 . 0 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 0 . 0 0 18. 0 . 0 0 19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 6 5 4 2 4 . 8 4 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑ Side 2 L 1505610240 1505610240 J REV-1500 EX Page 3 File Number Decedent's Complete Address: 21 13 0310 DECEDENTS NAME ROBERT L. NOLL STREET ADDRESS 100 CHESTER STREET CITY STATE ZIP CARLISLE PA 117013 Tax Payments and Credits: I. Tax Due(Page 2,Line 19) (1) 65,424.84 2. Credits/Payments A.Prior Payments 30,000.00 B.Discount Total Credits(A+B) (2) 30,000.00 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 35,424.84 Make check payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ...................................................................... ❑ ❑X b. retain the right to designate who shall use the property transferred or its income; ............................... ❑ 0 c. retain a reversionary interest;or ................................................ .. ❑ R d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ❑ IZI 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death? ......... ❑ 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation?.................................................................................................. ❑ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994,and before Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(i)]. For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in 72 P.S.§9116(1.2)[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)].A sibling is defined,under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption. REV-1503 EX+(8-12) pennsylvania SCHEDULE B DEPARTMENT OF REVENUE INHERITANCE TAX RETURN STOCKS & BONDS RESIDENT DECEDENT ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. JANNEY MONTGOMERY SCOTT LLC 99,532.50 INDIVIDUAL ACCOUNT#2513-9103 3000 SHARES ALTRIA GROUP, INC. 2. JANNEY MONTGOMERY SCOTT LLC 17,000.00 INDIVIDUAL ACCOUNT#2513-9103 2000 SHARES ORRSTOWN FINL SVCS INC. 3. JANNEY MONTGOMERY SCOTT LLC 114,975.00 INDIVIDUAL ACCOUNT#2513-9103 3000 SHARES PENNS WOODS BANCORP INC. 4. JANNEY MONTGOMERY SCOTT LLC 58,250.00 INDIVIDUAL ACCOUNT#2513-9103 2000 SHARES PPL CORP 5. JANNEY MONTGOMERY SCOTT LLC 37,082.50 INDIVIDUAL ACCOUNT#2513-9103 1000 SEADRILL LIMITED 6. JANNEY MONTGOMERY SCOTT LLC 58,331.33 INDIVIDUAL ACCOUNT#2513-9103 5655 SHARES SUSQUEHANNA BANCSHARES INC. 7. JANNEY MONTGOMERY SCOTT LLC 44,680.00 INDIVIDUAL ACCOUNT#2513-9103 1000 SHARES VERIZON COMMUNICATIONS INC. 8. JANNEY MONTGOMERY SCOTT LLC 23,583.00 INDIVIDUAL ACCOUNT#2513-9103 700 SHARES WASTE MGMT INC. DEL 9. JANNEY MONTGOMERY SCOTT LLC 78,260.00 INDIVIDUAL ACCOUNT#2513-9103 2000 SHARES AMERIGAS PARTNERS L P 10. ORRSTOWN FINANCIAL ADVISORS 8,224.66 INDIVIDUAL ACCOUNT#4N2255525 PIMCO GLOBAL MULTI-ASSET A 11. ORRSTOWN FINANCIAL ADVISORS 5,044.28 INDIVIDUAL ACCOUNT#4N2255525 PIMCO HIGH YIELD A 12. ORRSTOWN FINANCIAL ADVISORS 3,318.88 INDIVIDUAL ACCOUNT#4N2255525 PIMCO LOW DURATION A 13. ORRSTOWN FINANCIAL ADVISORS 14,329.73 INDIVIDUAL ACCOUNT#4N2255525 PIMCO REAL RETURN A 14. ORRSTOWN FINANCIAL ADVISORS 14,765.61 INDIVIDUAL ACCOUNT#4N2255525 WASHINGTON MUTUAL TOTAL(Also enter on Line 2,Recapitulation) $ 577 377.49 If more space is needed,insert additional sheets of the same size REV-1504 EX+(6-98) SCHEDULE C CLOSELY-HELD CORPORATION, COMMONWEALTH OF PENNSYLVANIA PARTNERSHIP OR INHERITANCE TAX RETURN RESIDENT DECEDENT SOLE-PROPRIETORSHIP ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 Schedule C-1 or C-2(including all supporting information)must be attached for each closely-held corporation/partnership interest of the decedent,other than a sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 1/3 INTEREST-NOLL ASSOCIATES 892,531.37 TOTAL VALUE$2,824,594.65-$147,000.53/3=$892,531.37 CASH IN CHECKING ACCOUNTS - $20,610.31 PNC BANK-CHECKING ACCOUNT#50-0575-7638 ORRSTOWN BANK-CHECKING ACCOUNT#114030 NET TAX BASIS OF EQUIPMENT, APPLIANCES, AND VEHICLE $18,984.34 REAL ESTATE (SEE ATTACHED APPRAISALS) 909 NEWVILLE ROAD, CARLISLE, PENNSYLVANIA $280,000.00 14 BROOKWOOD AVENUE, CARLISLE, PENNSYLVANIA $665,000.00 111 McCLURES GAP ROAD, CARLISLE, PENNSYLVANIA $900,000.00 122 VIRGINIA AVENUE, CARLISLE, PENNSYLVANIA $104,000.00 126 VIRGINIA AVENUE, CARLISLE, PENNSYLVANIA $104,000.00 36 COURTYARD DRIVE, CARLISLE, PENNSYLVANIA $138,000.00 901 NEWVILLE ROAD, CARLISLE, PENNSYLVANIA $132,000.00 1878 DOUGLAS DRIVE, CARLISLE, PENNSYLVANIA $115,000.00 1873 DOUGLAS DRIVE, CARLISLE, PENNSYLVANIA $115,000.00 1881 DOUGLAS DRIVE, CARLISLE, PENNSYLVANIA $115,000.00 1879 DOUGLAS DRIVE, CARLISLE, PENNSYLVANIA $117,000.00 LESS 1/3 LIABILITIES OWED -$147,000.53/3=$49,000.18 SECURITY DEPOSITS HELD FOR TENANTS $3,733.33 NOTES PAYABLE- PNC BANK $69,637.05 PAYROLL TAX LIABILITIES $1,315.73 1/3 TOTAL VALUE $941,531.55 LESS 1/3 LIABILITIES OWED $49,000.18 TOTAL $892,531.37 TOTAL(Also enter on line 3,Recapitulation) $ 892 531.37 (If more space is needed,insert additional sheets of the same size) REV-1506 EX+(12-11) pennsylvania SCHEDULE IC-2 DEPARTMENT OF REVENUE INHERPARTNERSHIP RESIDENT DECEAX DENT INFORMATION REPORT RESIDENT DECEDENT ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 1. Name of Partnership NOLL ASSOCIATES Date Business Commenced 1/1/1977 Address 906 NEMILLE ROAD Business Reporting Year 2013 City CARLISLE State PA Zip Code 17013-1735 2. Federal Employer ID Number 23-2069339 3. Type of Business REAL ESTATE HOLDING Product/Service RENTALS &SALES 4. Decedent was a ® General 0 Limited partner.If decedent was a limited partner,provide initial investment $ 5. PARTNER NAME PERCENT PERCENT BALANCE OF OF INCOME OF OWNERSHIP CAPITAL ACCOUNT A. ROBERT L. NOLL 33.3% 33.3% 601 173 B- MARY E. NOLL 33.300 33.300 601 264 C_ SUSAN J. SHERMAN 33.3% 33.500 D. 6. Value of the decedent's interest $ 892.531.37 7. Was the partnership indebted to the decedent? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Yes ® No If yes,provide amount of indebtedness $ 8. Was there life insurance payable to the partnership upon the death of the decedent? . . . . . . . . ❑ Yes ® No If yes,Cash Surrender Value $ Net proceeds payable $ Owner of the policy 9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was prior to 12-31-82? ❑ Yes ® No If yes,❑ Transfer ❑ Sale Percentage transferred/sold Transferee or Purchaser Consideration $ Date Attach a separate sheet for additional transfers and/or sales. 10. Was there a written partnership agreement in effect at the time of the decedent's death?. . . . . . . . ® Yes ❑ No If yes,provide a copy of the agreement. 11. Was the decedent's partnership interest sold? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Yes ® No If yes,provide a copy of the agreement of sale,etc. 12. Was the partnership dissolved or liquidated after the decedent's death? . . . . . . . . . . . . . . . . . ❑ Yes ® No If yes,provide a breakdown of distributions received by the estate,including dates and amounts received. 13. Was the decedent related to any of the partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ® Yes ❑ No If yes,explain SPOUSE/DAUGHTER 14. Did the partnership have an interest in other corporations or partnerships?. . . . . . . . . . . . . . . . . ❑ Yes ® No If yes,report the necessary information on a separate sheet,including a Schedule C-1 or C-2 for each interest. THE FOLLOWING INFORMATIONra WITH THIS SCHEDULE A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or federal partnership income tax returns(Form 1065)for the year of death and four preceding years. C. If the partnership owned real estate,submit a list showing the complete address/es and estimated fair market value/s.If real estate appraisals have been secured,attach copies. D. Any other information relating to the valuation of the decedent's partnership interest. REV-1508 EX+(08-12) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: ROBERT L. NOLL 21 13 0310 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. JANNEY MONTGOMERY SCOTT 3,272.81 INDIVIDUAL ACCOUNT#2513-9103 CASH 2. 2005 SMART CAR 5,500.00 VIN: WME4503321J247814 3. 1986 DEMCO TRAILER 250.00 VIN: 15DK10102GAD 18283 TOTAL(Also enter on Line 5,Recapitulation) $ 9,022.81 If more space is needed,use additional sheets of paper of the same size. REV-1510 EX+(08-09) pennsylvania SCHEDULE G DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. DESCRIPTION OF PROPERTY ITEM INCLUDE THE NAME OF THE TRANSFEREE,THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER.ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 1. JANNEY MONTGOMERY SCOTT LLC 15,681.16 100.00 I 15,681.16 IRA#3930-4487 CASH 2. JANNEY MONTGOMERY SCOTT LLC 19,006.65 100.00 19,006.65 IRA#3930-4487 390 SHARES OF PENN NATL GAMING INC. 3. JANNEY MONTGOMERY SCOTT LLC 3,669.85 100.00 3,669.85 IRA#3930-4487 64.844 PNC FINL SVCS GROUP INC 4. JANNEY MONTGOMERY SCOTT LLC 1,160.30 100.00 1,160.30 IRA#3930-4487 SIRIUS XM RADIO INC. BENEFICIARIES: SUSAN J. SHERMAN JODY L. GILBERT TOTAL (Also enter on Line 7,Recapitulation) $ 39 517.96 If more space is needed,use additional sheets of paper of the same size. REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 Decedents debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. EWING BROTHERS FUNERAL HOME 114.60 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2. Attorney Fees: IRWIN & McKNIGHT, P.C. 45,000.00 3, Family Exemption:(If decedents address is not the same as claimant's,attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: REGISTER OF WILLS 793.50 5 Accountant Fees: GREENAWALT&COMPANY, P.C. 2,545.00 6. Tax Return Preparer Fees: 7. REGISTER OF WILLS -SHORT CERTIFICATES 15.00 8. S.W. BARRETT REAL ESTATE-APPRAISALS (1/2) 2,950.00 TOTAL(Also enter on Line 9,Recapitulation) $ 51 418.10 If more space is needed,use additional sheets of paper of the same size. REV-1512 EX+(12-12) pennsylvania SCHEDULE DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES&LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER ROBERT L. NOLL 21 13 0310 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. ORRSTOWN FINANCIAL ADVISORS 14.50 INDIVIDUAL ACCOUNT#4N2255525 CASH ACCOUNT DEFICIT 2. BANK OF AMERICA-CREDIT CARD 710.99 3. ROBIN K. SOLLENBERGER, TAX COLLECTOR- PERSONAL TAXES 9.80 4. STATE AUTO INSURANCE COMPANIES - INSURANCE 239.00 5. PA DEPARTMENT OF REVENUE - INCOME TAXES 40.00 6. MELANIE STRICKLAND- REAL ESTATE TAXES (1/2) 2,131.87 909 NEWVILLE ROAD TOTAL(Also enter on Line 10,Recapitulation) $ 3,146.16 If more space is needed, insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: ROBERT L. NOLL 21 13 0310 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec.9116(a)(1.2).) 1. TRICIA FRAMPTON Lineal 10,000.00 467 CROSSROADS SCHOOL ROAD CARLISLE, PA 2. NICHOLAS GILBERT Lineal 10,000.00 202 STEELSTOWN ROAD NEWVILLE, PA 17241 3. SUSAN J. SHERMAN Lineal 2 VISTA CIRCLE 70% REMAINDER LEMOYNE, PA 17043 4. JODY L. GILBERT Lineal 26 CHESTNUT STREET 30% REMAINDER NEWVILLE, PA 17241 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. H. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. WAGGONERS UNITED METHODIST CHURCH 7,500.00 1271 LONGS GAP ROAD CARLISLE, PA 17013 2. THE SALVATION ARMY, INC. 2,500.00 20 E. POMFRET STREET CARLISLE, PA 17013 TOTAL OF PART YY-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. I $ 10,000.00 If more space is needed,use additional sheets of paper of the same size. LAST WILL AND TEST"ENT I, ROBERT L. NOLL, of North Middleton Township, Cumberland County, Pennsylvania, being of sound mind, disposing memory and full legal age, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils heretofore made by me. 1. 1 direct my Executrix or Substitute Executrix, as the case may be, to pay all of my debts-, funeral and administrative expenses as soon as convenient after my decease. Furthermore, I direct that all state, inheritance, succession and other death taxes imposed or payable by reason of my death and interest and penalties thereon with respect to all property composing of my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid by the Executrix or Substitute Executrix from my estate, and that none of the aforesaid taxes shall be prorated among those persons named herein or are otherwise beneficiaries hereunder. 2. My Executrix or Substitute Executrix may, at her discretion, compromise claims, borrow money, retain property for such length of time as she may deem proper; lease and sell property for such prices, on such terms, at public or private sales, as she may deem proper; and invest estate property and income without restriction to legal investments unless otherwise provided hereunder. I authorize and empower my Executrix or Substitute Executrix to sell any realty and/or personalty owned by me at my death and not specifically devised or bequeathed herein, at public or private sale or sales and to give good and sufficient deeds and/or bills of sale therefor, in fee simple, as I could do if living. My Executrix or Substitute Executrix is authorized and empowered to engage in any business in which I may be engaged at my death, for such period,of time after my death as seems expedient to said Executrix or Substitute Executrix. .f 3. 1 give, devise and bequeath all of my estate of whatever nature and wherever situate to my wife,MARY E.NOLL. 4. If MARY E. NOLL does not survive me by a period of at least sixty (60) days after my death,then my estate I give,devise and bequeath as follows: a. The sum of$7,500.00 to the WAGGONERS UNITED METHODIST CHURCH,Carlisle,Pennsylvania; b. The sum of$2,500.00 to THE SALVATION ARMY,INC., Carlisle,Pennsylvania; c. The sum of$10,000.00 to TRICIA FRAWTON; d. The sum of$10,000.00 to NICHOLAS GILBERT; and e. All the rest,residue and remainder of my estate is to be distributed as follows: (1) Thirty Percent(30%)to JODY L.GILBERT; and (2) Seventy Percent(70%)to SUSAN J.SHERMAN. 5. I nominate and appoint MARY E.NOLL to be the Executrix of this my Last Will and Testament. In the event she has predeceased me,failed to qualify or is not able or does not serve for whatever reason, I then appoint SUSAN J. SHERMAN to be the Substitute Executrix of this my Last Will and Testament with the same powers as are given to the original Executrix hereunder. 2 6. No person(s) shall benefit hereunder unless such beneficiary shall survive me by sixty (60)days. 7. No Executrix or Substitute Executrix acting hereunder shall be required to post bond or enter security in this or any other jurisdiction. 8. No beneficiary may assign, anticipate or pledge her,his or its interest in any income or principal held or distributable hereunder, and no beneficiary's creditors may levy, attach or otherwise reach any such interest. 9. If any person entitled to share in any distribution under the terms of this my Last Will and Testament becomes an adverse party in any proceeding to contest the probate of this Last Will and Testament, such person shall forfeit his or her entire interest inherited hereunder and all provisions in favor of such person shall be declared void and of no effect. The share of such person so forfeited shall be distributed as part of the residue pursuant to Paragraph No. 4 hereof, as the case may be, except that if such person is entitled to share in the said residue,that interest shall be distributed proportionately to the other residuary beneficiaries. 10. 1 hereby suggest that my personal representative retain the services of Irwin & McKnight,P.C. as attorneys in the settlement of my estate. 3 w J^ . ACKNOWLEDGMENT AND AFFIDAVIT WE, ROBERT L. NOLL, MARTHA L. NOEL and SHARON L. SCHWALM, the Testator and witnesses respectively, whose names are signed 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 purpose herein expressed,and that each of the witnesses,in the presence and hearing of the Testator, signed the Will as a witness and that to the best of their knowledge the Testator was,at that time,eighteen years of age or older,of sound mind and under no constraint or undue influence. ROBERT L.NOLL MART L.N L SHARON L.SCHWALM COMMONWEALTH OF PENNSYLVANIA : : SS: COUNTY OF CUMBERLAND : Subscribed, sworn to and acknowledged before me by ROBERT L. NOLL, the Testator herein, and subscribed and sworn to before me by MARTHA L. NOEL and SHARON L. SCHWALM,witnesses,this 21"day of November 2011. /3 o ary Public COMMONWEALTH OF PENNSYLVANIA Notarial Seal Roger B.tnemn,Notary Public Carlisle Boro,Cumberland County My Commission ExriiresUet 3, 012 5 Member,Pennsylvania Association of Notaries j I J anney Estate Valuation Date of Death: 12/12/2012 Estate of: Robert L Noll Valuation Date: 12/12/2012 Account: 2513-9103 Processing Date; 07/24/2013 Report Type: Date of Death Number of Securities: 10 File ID: Robert L Noll-2513-9103-DOD-12-12-12 Shares Security Mean.and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 3272.81 Cash (CASH) 3,272.81 2) 3000 ALTRIA GROUP INC (022095103; MO) COM New York stock Exchange 12/12/2012 33.47000 32.88500 H/L 33.177500 99,532.50 3) 2000 ORRSTOWN FINL SVCS INC (ORRF) COM The NASDAQ Stock Market LLC 12/12/2012 8.60000 8.40000 H/L 8.500000 17,000.00 4) 3000 PENNS WOODS BANCORP INC (708430103; PWOD) COM The NASDAQ Stock Market LLC 12/12/2012 38.11000 37.60000 H/L 37.855000 Div: 0.470000 Ex: 12/11/2012 Rec: 12/13/2012 Pay: 12/21/2012 + 0.470000 38.325000 114,975.00 5) 2000 PPL CORP (69351T106; PPL) COM New York Stock Exchange 12/12/2012 29.29000 28.96000 H/L 29.125000 58,250.00 Div: 0.36 Ex: 12/06/2012 Rec: 12/10/2012 Pay: 01/02/2013 •720.00 6) 1000 SEADRILL LIMITED (G7945E105; SDRL) SHS Other OTC 12/12/2012 37.90000 36.86500 H/L 37.082500 37,082.50 Div: 0.85 Ex: 12/04/2012 Rec: 12/06/2012 Pay: 12/21/2012 850.00 Div: 0.85 Ex: 12/04/2012 Rec: 12/06/2012 Pay: 12/21/2012 850.00 7) 5655 SUSQUEHANNA BANCSHARES INC PA (869099101; SUSQ) COM The NASDAQ Stock Market LLC 12/12/2012 10.47000 10.16000 H/L 10.315000 58,331.33 8) 1000 VERIZON COMMUNICATIONS INC (92343V104; VZ) COM New York Stock Exchange 12/12/2012 44.94000 44.42000 H/L 44.680000 44,680.00 9) 700 WASTE MGMT INC DEL (941061,109; WM) COM New York Stock Exchange 12/12/2012 34.11000 33.27000 H/L 33.690000 23,583.00 Div: 0.355 Ex: 11/26/2012 Rec: 11/28/2012 Pay: 12/14/2012 248.50 10) 2000 AMERIGAS PARTNERS L P (030975106; APU) UNIT L P INT New York Stock Exchange 12/12/2012 39.44000 38.82000 H/L 39.130000 78,260.00 Total Value: $534,967.14 Total Accrual: $2,668.50 Total: $537,635.64 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) ry Estate Valuation Date of Death: 12/12/2012 Estate of: Robert L Noll Valuation Date: 12/12/2012 Account: 3930-4487 Processing Date: 07/24/2013 Report Type: Date of Death Number of Securities: 4 File ID: Robert L Noll-3930-4487-DOD-12-12-12 Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 15681.16 Cash (CASH) 15,681.16 2) 390 PENN NATL GAMING INC (707569109; PENN) COM The NASDAQ Stock Market LLC 12/12/2012 49.16000 48.31000 H/L 48.735000 19,006.65 3) 64.844 PNC FINL SVCS GROUP INC (693475105; PNC) COM New York Stock Exchange 12/12/2012 56.99000 56.20000 H/L 56.595000 3,669.85 4) 421.16 SIRIUS XM RADIO 'INC (829660103; SIRI) COM The NASDAQ Stock Market LLC 12/12/2012 2.79000 2.72000 H/L 2.755000 1,160.30 Total Value: $39,517.96 Total Accrual: $0.00 Total: $39,517.96 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) RUG-16-2013(FRI) 13: 37 ORRSTOWN BANK (FAX)7172498010 P. 0011/005 tjq1q[ qg!!i by Robert L Noll Bradley Gerlach Combined Account Portfolio 100 Chester Street Date: 12/12/2012 ,,Carlisle,PA 17013 427 Village Drive Created.0711112013 Carlisle,PA 17015 717-240-0803 Robert L Noll Acct Name:ROBERT L NOLL 100 CHESTER ST. CARLISLE PA 17013-1004 Acct No:4N2255525 Acet Typo:Individual Rep.No:OXK Uri,RE 011�11111fap10'0 NQ P2,22k" 3 PIMCO GLOBAL MULTI-ASSETA PGMAX BONDS PIMCO FUNDS 715.19 11.54 8,224.66 RETAIL PIMCO HIGH YIELD A PHDAX BONDS PIMCO FUNDS 520-57 6.69 51044.28 -RETAIL" PIMCO LOW DURATION A. FTLAX '- BONDS PIMCO FUNDS 31-4.88 10.54 3,318.88, RETAIL PIMCO REAL RETURN A PRTNX 'BONDS PIMCO FUNDS 1,149.14 '. 12.47 14,329.73 RETAIL WASHINGTON MUTUAL INVESTORS AWSHX US STOCKS AMERICAN - 468-4.5 31.52 14,765.61 FUNDS CASH •CASH _14.50 1;00 -14.50 Account Total, $45.668.66 InvestorTotal: $45,668.66 Incomplele if presented without accompanying dIsCIOSLIte PIPS Page 1 of 2 RUG-16-2013(FRI) 13: 37 ORRSTOWN BANK (FAY)7172498010 P. 005f005 ' "oldri s by Investor _ , Robert L Nall Bradley Gerlach Combined Account Portfolfo "100 Chester Street gate: 1211212012 Carlisle,PAA 17013 427 Village Drive Created:07/11/2013 Carlisle,PA 17015 717-240-0803 Disclosure: Registered Representative of and securities offered through Cetera Advisor Networks LLC,member SIM.is not affiliated with Cetera Advisor Networks LLC.Valuos aro as of 12112/2012 unless otherwise noted. We believe the sources to be reliable,however,the aecuracy and completeness of the Information is not guaranteed,as It Is a compilation of information from various financial sources(mutual funds,dIrW participation programa, correspondent brokers,etc.). In the event of any discrepancy,the sponsor's valuation shall prevail. Performance data quoted roprosents past performance and does not guarantee future results. The Investment return and principal of an investment will fluctuate so that an Investor's sharos whom redeemed may be worth more or less than the original cast The valuos represented In this report may not reflect the true original cost of the client`s Initial Investment. For fee-hased accounts only:the figures may or may not reflect the deduction of Investment advisory fees. if the Investment Is being managed through a fee-basod account or agroomenk the returns may be reduced by those applicable advisory fees_ Refer to your Advisor's Form ADV,Part 11, Tho Information contained In these reports is collected from sources believed to be reliable. However,you should always rely on your statements received directly from product sponsors. If you have any questions regarding your report,please call your roprosontative. Tho source data for the following accounts was provided by Pershing: 4N2255525 gage 2 o12 I •s' ' I +� `�Gt >. CERTIFICATE OF TITLE FOR A VEHICLE . � , 4 A 'u ,��cfi``' --•------..._.-._---._____.___^._._._..._.TOOT.__TOOT �.F 51 (. �6z660054CiQ284b 13131 r w6E4 SQ33211J2�k7i�zt4 gra u,. p 5F1ART 637g221S3,02 NO ; x L: .:. .. •. VEHICLE IDENTIFICATION NUMBER YEAR MAKE OF VEHICLE TITLE NUMBER ' .. ..,,. .. TOOT } P BODY TYPE DUP SEAT CAP PRIOR TITLE STATE ODOM.PROCD.DATE ODOM�a O ,❑ I T=. �(� 111Z7/Ob aQ TOOT. .. .:. ." ,... .. .,,.. .MILESI ODOM.STATUS 1 111/13 DATE PA TITLED I DATE OF ISSUE I UNLADEN WEIGHT GVWR I GCWR TITLE BRANDS• t, ODOMETER STATUS Ct 0=ACTUAL MILEAGE I=MILEAGE EXCEEDS THE MECHANICAL !'`�.�.'• LIMITS _ 2=NOT THE ACTUAL MILEAGE ' 3.NOT THE ACTUAL MILEAGE-ODOMETER TAMPERING-VERIFIED I=EXEMPT'FROM ODOMETER DISCLOSURE REGISTERED OWNER(S) TITLE ORANDS „fib / R }{)(vi '. A=ANTIQUE VEHICLE '>”) •! C=CLASSIC VEHICLE %r.. ROBE R T L N 0 L L ` " D=COLLE&BLE VEHICLE F •fit '� .*-ti a �1 F =OUT OF COUNTRY 10 d CHESTER ST Y, a 1i G=ORIGINALLY MFGU.FOR NON-U.S. �x �?�..1 ) f4 F} � DISTRIBUTION CARLISLE PA 17 013 `. `;� •,' ' H-AGRICULTURAL VEHICLE L =LOGGING VEHICLE P=IS/WAS A POLICE VEHICLE CCC R=RECONSTRUCTED qr .. S.STREET ROD . • t;- T e RECOVERED THEFT VEHICLE VVEHICL = E CONTAINS REISSUED VIN W.FL000 VEHICLE -SECOND LIEN FAVOR OF: FIRST LIEN FAVOR OF: X=ISNJAS A TAXI :s If a second%llenholder is listed upon satisfaction of the first lien, the first l .. Ilenholder must forward this Title to the Bureau of Motor Vehicles with the ���;• FIRST LIEN RELEASED eppropdate form and fee. DATE BY SECOND LIEN RELEASED AUTHORIZED REPRESENTATIVE DATE MAILING ADDRESS BY - • - AUTHORIZED REPRESENTATIVE ROBERT L NOLL y 100 CHESTER ST CARLISLE PA 17013 1 �TOOT. 1 certify as of the date of Issue. the official records of the Pennsylvania Department ALLEN D B I E H L E R -"- -of Transportation reflect that the person(s)or company named herein is the iawlul owner - - - � a• of the said vehicle. Secretary of Transportation F ` 4 SUBSCRIBED AND SWORN If a co-purchaser other than your spouse Is listed and you want the title to TO BEFORE,ME y 9 P ( ' ��:.. be listed 'Joint Tenants With Right of Survivorship* On death of one F Mol DAY YEAR owner,title goes to surviving owner.)CHECK,HERE O.,Otherwise,the title will be issued as"Tenants in Common'(06 death of one owner,interest 0i deceased owner goes to his/her heirs or estate): vat :�y• SIGNATURE OF PERSON ADMINISTERING OATH a.• y,;y;,• 1ST LIEN DATE: ♦, IF NO LIEN,CHECKEl qt Y. 1ST LIENHOLDER STREET _ ► CITY s STATE ZIP IF THIS IS AN ELT,CHECK HERE FINANCIAL R!•F•' W - NOTE:FIN REQUIRED INSTITUTION NO. 2ND LIEN DATE: ♦ IF NO LIEN,CHECK r 3 Tre undarelgnail nmeby makes application for CeNlicale of Title to rhe vohkle desentled El above.sub!ed 10 the mbrances end other legal claim sat IoM h •" i 3 encuere. 2ND LIENHOLDER.. _ (�"] STREET /+e_—� SIGNATURE OF APPLICANT OR AUTHORIZED SIGNER _ V 1 CITY ' - STATE ZIP - l W IF THIS IS AN ELT,CHECK HERE FINANCIAL ,f� SIGNATURE OF CO-APPUCANT/TITLE OF AUTHORIZED SIGNER NOTE:FIN REQUIRED ❑ INSTITUTION NO. "•�%' �m Fg-1 Trrrr I + Al 9 1 IMS U 210ILT3 I DEPARTMEhI'T:Q TRAIVSP4RtATION }t>igQt3 ;CERTIFICATE OF TITLE FOR A VEHICLE issued iii aeeordarsce wtt/i$e¢fton 1X05 of th¢V¢hteX¢Code, Title 75;P¢nnsytvunia.Cottsolidat¢{[Ston'tes- '. 87.02.9007900134& 001 ROBERT L NqL!< 906 NEtIIVILLE ROAD CODELEGEND I it C:ARLI'SLE",PIA 1 /CI A._ANTIGIUE.VEHiGLE C`' CLASSIC VEHICLE ab" F =:OUT.OF STATE VEHICLE , f I H .AGRICULTURAL VEHICLE, L LOGGING VEHICLE _.*,.. sa�_ � o r "x :POIEi#LYGA PfLfi10E�VEFiI,CLE I R RECONISTRUC.TED VEF_CLE X FORMERLY A TAXIAwS R9 i ss I i 9 ►> 2IN T'TL�NCIR I�I1PL YtAk MAXEaF'V RIGIN •3 Rb50KOb # GAfl $*13 st,' 0.: , '.. '�I�HIGLEI,QEPITIFI^/.ti'II7Ni4UjyRf3ER .,... .... '; MAX<. H'. S;t!EfllCt !l/EiGH�' sscplt�.vu U< ADEIJWEIGI}...>. �AT3asUk.?. ft £PATEi1, Ot7trtgF7ERTtTbtlt{EHAE013Es... ........ T e yelttcle d¢sz ttLtrd]tare{1n is sttblect to*ItE foti{1wng ti#Itx . tFIRST LIEN Ftl3R.�t :..: y � 'LIEN RELEASEE}' �'Z rt LIEN:HOGDFR e ap �:,'i1lCC.•.fii3oG'S.."34'ta^�iF.`s SAH..jN^¢�'$e iu9'+''+°.�M!:t'ALF.:1",,... :wi..'ald:�� .'�e...'..,.:(ti.:'.-�o.....-..5,.. J>,::.!`:,....' b- BY 5� AUTHORIZED REPRESENTATIVE SE.COND'LIEN FAVOR,Or: ... _. „...- t LIEN RELEASED "..DATE - _ LIEN HOLDER i BY r i` " - AUTHORIZFD,REPRF3ENT4TIVE , I certify that reasonable diligence has been used in examining the statements i presented rn the ap Itcatiari for Certt�cate of Title to the veTricle described hereon, a ` and that the pr oo of ownership of said vehicle presented with said application warrants the issudnce of thiscerhficute naming,the applicant as lawful owner of said vehicle.Wherefore 1.ee ify that as of the'date inserrbed.lrereon,the official HDINAEiI?Y� IJSA(1M+A�rTll$G .' records of the Pih;is;lvania Deparhnent of?'rdnsportalion reflect that said apphcnnt rs the.laivfuf ownergjsgid vehicle Secretary of Tniusportat)on Y I i C' SUMMARY REAL ESTATE APPRAISAL REPORT 909 NEWVILLE ROAD CARLISLE, PA 17013 i "AS OF" December 26, 2012 I PREPARED FOR Douglas G. Miller, Esquire Irwin & McKnight, Attorneys at Law 60 West Pomfret Street Carlisle, PA 17013 PREPARED BY Steven W. Barrett, SRPA, SRA PA State Certified General Appraiser General Member—Appraisal Institute S. W. Barrett Real Estate & Appraisal Services ` File No. 14-0036 APPRAISAL OF 14r � Y�. " _ 1 LOCATED AT: 909 Newville Road Carlisle, PA 17013-1736 CLIENT: Irwin & McKnight, P.C., Miller Esq. 60 West Pomfret Street Carlisle, PA 17013 AS OF: December 26, 2012 BY: Steven W. Barrett, SRA. SRPA PA Certified General Real Estate Appraiser i I S. W. Barrett Real Estate & Appraisal Services File No. 14-0036 0311812014 Irwin & McKnight, P.C., Miller Esq. 60 West Pomfret Street Carlisle, PA 17013 rl File Number: 14-0036 : i In accordance with your request. I have appraised the real property at: ' t 909 Newville Road Carlisle, PA 17013-1736 The purpose of this appraisal is to develop an opinion of the defined value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the defined value of the property as of December 26, 2012 is: $280,000 Two Hundred Eighty Thousand Dollars I The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, assignment conditions and appropriate certifications. Respectfully submitted, } Steven W. Barrett, SRA. SRPA PA Certified General Real Estate Appraiser } . i r � Summary Residential Appraisal Report File No. 14-0036 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. I Client Name/Intended User Irwin & McKnight, P.C. Miller Esq. E-mail Client Address 60 West Pomfret Street city Carlisle state PA zip 17013 . I Additional intended Users The Intended User of this appraisal report is the Client. No additional Intended Users are permitted without the Permission of thea raisers . Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an f't accurate and adequately supported opinion of value. Property Address 909 Newville Road city Carlisle state PA zip 17013-1736 1 OwnerofPublicRecord Noll Associates county Cumberland Le aiDescri tion Deed Book 00256 Page 01557 r Assessor's Parcel# 29-20-1794-086 Tax Year 2013 R.E.Taxes s 5,078.00 Neighborhood Name Eckels Park 7— Map Reference 20.1794 Census Tract 0 119.0 1 Property Ri hts Appraised X Fee Simple L ILeasehold Other describe My research did IX Idid not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. PriorSale/7ransfer: Date 03/31/2003 Price $280,000 Sources Courthouse 11 Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) NO further recent recorded transfers were found. f i i 1 Offerings,options and contracts as of the effective date of the appraisal C u rrently the subject is listed for sale in CPM LS #10242409 for $295,000. : 1 i t l N�Ighborhood-t:harwterlatles One-Unit.Housing Trends Ooe•U.nItHOusing PressntLend'Use% - Localion Urban X Suburban �72 Rural Property Values X increasin Stable :��Declininq PRICE AGE One-Unit 90 % Built-up JOver 75% X 25.75% Under 25% Demand/Supply Shorts e Win Balance I Over supply $(000) (yrs) 2.4 Unit 0 % r Growth ]Rapid IX IStable LJSlow Marketing Time Under3 mills LXJ3-6 mlhs Over"o mths 120 Low 20 Multi-Family 0 6h + Neighborhood Boundaries Subject is bounded on the north by PA Turnpike Rt. 76- east by 181 200 High 100 Commercial 5 % i south bv Old York Rd.,west by Burnt House Rd. 150 Pt ad. 50 Other Vacant 5 % Neighborhood Description The subject is located In an area of mixed residential agricultural and commercial uses. There are no iI adverse factors to affect marketability of the subject. Diverse stable employment and all supporting amenities are within eas drivina distance. MSA 3240 ; i Market Conditions(including supportfortheabove conclusions) Property values currently are stable. Local multi-list data indicates an average marketing time of 90-180 days for single family homes. Economic trends and lending rates have remained favorable. Sales concessions are occurina more frequently; however, there is no known prevalence of unusual seller financing concessions or bu downs. L I Dimensions 320x242.10x403.20x235.60 Area 1.99 Shape Irregular View Resid/Comm. Specific ZoninClassification NC Zoning Descri tion Nei hborhood Commercial Zonin Com liance X Le al Le al NonconformingGrandfathered Use No Zoning "Illegal describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes LJNo If No,describe. Current use is residential and is considered to be an interim use until site is redeveloped. Utilities Public Other describe Public Other describe Off-site lm provern ents—Type Public Private Electricit X Water IXI Street Asphalt X Gas None Sanitary Sewer X J I Alley To rear X Site comments Corner location previously used as a sales location for a used car lot . Previously, in the 1920's the subject site a i was planned as a subdivision see addenda in this report. Uses subject to current zonin . GEN.ERA'L DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION materials INTERIOR materials, - 1 Units X One Onew/Acc.unit Concrete Slab crawls ace Foundation Walls Stone/ConcBlock Floors Cr t/AS ItTI/Wd #of Stories TWO X Full Basement ParlialBasement Exterior Walls Alum/Vn I/Stone Walls Plaster T e X Det. Alt. S-Det./End Unit Basement Area 3706 sq.ft. Roof Surface SSM/Shingle Trim/Finish Wood iX Existin Pro osed Under Const. Basement Finish 0% Gutters&Downspouts Aluminum Bath Floor Vin 1/AS hTille Desi n(Style) Traditional X Oulside Entry/Exit "sump Pum window Type DoubleHuna Bath Wainscot Plaster Year Built Existing Storm Sash/Insulated Existina Car Stora a None Effective Age Yrs 30 Screens Existin X Drivewa #of Cars 3 Attic IX INone Heatina FWA HW X lRadiant Amenities WoodStove s # Driveway Surface Asphalt Droo Stair I ISlairs gE� Fuel O it X Fire faces # 1 Fence X Gara s #of Cars 4 Floor Scuttle ral Air Conditionin PatiolDeck X Porch )Carport #of Cars Finished Heated X OtherNOne Pool X Other BaIcon Att. X Det. X Built-in Appliances X Refri erator X Ran a/Oven Dis osal Microwave X .-asherlDr erI 10ther describe Finished area above grade contains: 11 Rooms Bedrooms 3 Balh s 3,706 Square Feet of Gross Living Area Above Grade Additional Features Basement bath and laundry area are unfinished and In fair condition no value alven. Comments on the Improvements Im provem ants are in ave rag a condition with no p h ysicaI or functional inade q uacies ap pa ren t. Additional 2 bedroom in-law quarters included in the room count and gross living area of the main portion of the property. Alley to rear was partially snow covered - appeared to be paved and in use. Form er used car lot/paved area estim ated to provide a m inim um of 20 paved parkina spaces. N ���TM Protluttd using ACI SOPage a00.204.etti www.aciweb.com This lOrm CODVrianl a 10054010 ACI ARI-101150 Claims Services,Inc..all Rights Reserve 0. Daae 1 01 6 (g DAR'-)General Purpose appraisal Report i05120 is—e. G P AR 1004 10 05262010 Summary Residential Appraisal Report File No. 14-0036 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 rt 909 Newville Road 20 Marsh Drive 1224 Holly Pike 1198 Newville Road Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Proximil to Subject - - 2.21 miles SSE 1.92 miles SE 0.93 m lies W Sale Price E E 245 000 s 250,000 E 235.000 Sale Price/Gross Liv.Area E 0.00 sq.ft. E 153.51 sq.it. E 195.62 s .ft. E 127,72 s .ft. Dela source s Courthouse Records Courthouse Records Courthouse Records Verification Source(s) Appraiser's Data Appraiser's Data VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION SAd'ustment DESCRIPTION SAd'ustmenl DESCRIPTION SAdustment Sale or Financing Unknown Unknown Unknown Concessions Unknown Unknown Unknown Date ofSale/Time None Pendin /C 6113 Pendin /C 3/13 02/22/2011 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Sim pie Site 86,684 SF 60,113 SF 0 52,899 SF 0 184,259 SF -48,787 iView Resid/Com In Resid/Comm Resid/Com m Resid/Com m Design(Stle) Traditional Cape Cod Cape Cod One Story Quality of Construction Alum/Vn i/Stn Brick/Frame Frame Brick/Frame Actual Age 100± Years 73± Years 0 75± Years 0 52± Year 0 Condition Average Avera a Av IGood 5% -12,500 Avera e Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. BathTotal 18cilms.1 Balhs Room Count 11 3 7 1 1 1 10,000 6_L 1 10 000 6 1 1 2 5 000 - GrossLivinQ Area20.00 3,7 0 6 s .it. 1,596 s" 42,200 1,278 s" 48,600 1,840 s" 37,300 Basement&Finished Full Bsmt/ Full Bsmt/ Full Bsmt/ Partial Bsmt/ 0 Rooms Below Grade Unfinished/Bth Unfinished 0 Unfinished 0 Unfinished 0 Functional Utility Average Avera a Averacie Average I Heating/Cooling GFHA/None HW/None FWA/CA -5 000 HW/CA -5,000 Energy Efficient items Typical Typical Typical Typical Gare e/Car ort 2 2CGr s10SP 2 C Gara a 15,000 1Gr /1Cr t/OSP 12,500 2 C Gr /OSP 10,000 Porch/Patio/Deck Lr Pors/Blc/IFP Deck/Porch/1FP 2,000 Porch 7,500 Porch/Pat/2FP 0 Zoning NC C2 C2 12 Net Adjustment Total - X + E 69,200 X + E 61,100 + X - E 1,487 t Adjusted Sale Price NetAdj. 28.2% NetAdj. 24.4% NetAdj. -0.6% oiCom arables GrossAd'. 28.2% E 314,200 GrossAd'. 38.44/o E 311 700 1 Gross Ad. 45.1% E 233 513 Summary of Sales Comparison Approach Comparable Nos. 1 & 2 were pending at the "as of" date of this appraisal and closed in 2013. Excess sitesquare footage adjusted at $.50/s ft. taking into consideration the economy of scale where larger sites sell for less per square foot than sm Biller sites. Site for Com parable No. 3 was adjusted at$.50/s ft. and site for Comparable No. 4 was adjusted at$1.00 per square foot. No other site adjustments were considered. Comparable No. 1 has a typical driveway associated with a single family dwelling with 2+ parkina spaces. Comparable No. 2 has 12 paved parking spaces; Comparable No. 3 has a large parking area unlined estimated at 8± spaces; Comparable No. 4 has 20± paved parking spaces. Ran a of value is $233,000 to $325,000, Say: $280,000 C OST�AP.PROACH TO VALUE Site Value Comments Site value from recent local land sales. Four land sales were analyzed, two from N. Middleton Twp. and two from the 2nd. and 3rd. wards of Carlisle Borough ranging from .55Ac to 7.47 Acs with a price per acre ranging from $66,934 to $92,105 per acre Say: $85 000/ac. 1.99 acres x $85 000/ac = $169,150, Say: $169,000. Remaining value is for the depreciated im rovements. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE........................................= E 169,000 Source of cost data Dwelling Sq.Ft.@$ ............= E 0 Quality rating from cost service Effective date of cost data Sq.Ft. E ............= E 0 Comments on Cost Approach ross living area calculations depreciation,etc. -Garage/Carport S .Ft.Q $ ............ = $ Total Estimate of Cost-New ............= $ 0 Less Physical Functional External Depreciation I = E 0 Depreciated Cost of Improvements................................ = $ 0 "As-is"Value of Site Improvements................................ = E INDICATED VALUE BY COST APPROACH...................... = E 0 INCOME APPROACH TO VALUE Estimated Monthly Market Rent$ N/A X Gross Rent Multiplier NIA =s 0 Indicated Value by Income Approach Summary of Income Approach(including support for market rent and GRM) NIA Indicated Value by: Sales Com parlsonApproach s280,000 Cost Approach It develo ed S 0 Income Approach It develo etl S 0 Market Analysis consistently supports my estimated market value. Cost Approach and GRM analysis were found inappropriate for this analysis. Greatest weight is applied to the Market Data Analysis. Supporting file information substantiates these estimates. This appraisal is made X "as is," LJsubject 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 the following: Appraisal is for client only, nontransferable. Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion ofthe defined value of the real property that is the subject of this report is s 280,000 as of 12/26/2012 ,which is the effective date of this appraisal. .w, Produced usmg ACI software,800.234.8727 www.aciweb.com Thin loan CopyrlghtC 20052010 ACID,--.1 1SO Claims Services,Ine..All Rights Reserved. Page 2 of 4 (gPAR`-)General Purpose Appraisal Report 0512010 t r GPAR1004_10 05252010 ^. R^^"atP",v^-,,.,Pr,,,.....• ,, S.W. Barrett Real Estate & Appraisal Services Summary Residential Appraisal Report File No. 14-0036 FEATURE SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO.5 COMPARABLE SALE NO.6 t 909 Newville Road 101 Petersburg Road Address Carlisle PA 17013 Carlisle PA 17013 Proximit to Sub'ect 2.49 miles ESE Sale Price E E 285,000 S S Sale Price/Gross Liv.Area E 0.00 sq.It. $ 86.05 s .1t. E so.fl. E sq.It. Data sources Courthouse Records Verification'Source(s) VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION 3Ad6ustment DESCRIPTION SAdustment DESCRIPTION SAdjustment Sale or Financing - Unknown Concessians Unknown Date of Sale/Time None 05/02/2012 Location Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Sim pie Site 86,684 SF 30,056 SF 56,628 View Resid/Com m Resid/Com m Deal n(Style) Traditional One Story Quality of Construction Alum/Vn I/Stn Brick/Frame Actuala a 100± Years 80± Years 0 Qr Condition Avera a Av /Good 5% -14,250 Above Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Room Count 11 1 1 3 6 1 1 3 0 Gross Living Area 20.00 3,706 sq.ft. 3 312 sq.ft. 7 900 sq.11, s .ft. Basement&Finished Full Bsmt/ Full Bsmt/ s s Rooms Below Grade Unfinished/Bth 5 Rms/2 Baths -20,0 0 Functional Utility Average Average + , Heatin ICoolinq GFHA/None FWA/CA -5,000 Energy Efficient Items Typical Typical Gara a/Car ort 2 2CGr s/OSP 20 OSP 10,000 e Porch/Patio/Deck Lr Pors/Bic/IFP Porches 5,000 Zoning NC V 0 Net Adjustment Total X + E 40,278 X + E 0 IX71+ E 0 Adjusted Sale Price - Net Adj. 14.1% NetAdj. 0.0% NetAdj. 0.0% ai Com ambles Gross Ad'. 41.7% E 325 278 Gross Ad'. 0.0% E 0 Gross Ad'. 0.0% E 0 Summary of Sales Comparison Aroach Comparable No. 4 was an existing dwelling with a church addition. S { `? Produced using ACI sollware,800.274.8727—ecrweb.com This loan Copyright 0 2005.7010 ACI),-,oh of Iso Claims Services,Inc.,All Rights Reserved. Additional Comparables (gPAR"')General Purpose Appraisal Report 05/7030 ;,,,.f�i T GPAR1004_1005262010 nunwrwlPurPnw' ,.P�•....:.r ,.;..n, Summary Residential Appraisal Report File No. 14-0036 Scope of Work,Assumptions and Lim iting Conditions Scope ofwork is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment." In short,scope ofwork is simply whatthe appralserdid and did notdo during the course ofthe assignment. Itincludes,butis not limited to: the extentto which the property is identified and inspected, the type and extent of data researched, the type and extent of analyses applied to arrive atopin)ons or conclusions. The scope ofthis appralsaland ensuing discussion in this reportare specific to the needs of the client,other Identified intended users and to the 1 intended use of the report. This report was prepared for the sole and exclusive use of the client and other identified intended users for the Identified intended use and its use by any other parties is prohibited. The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the report. All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignmentresults, 1. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or title thereto,nor does the appraiser render any opinion as to the title,which is assumed to be good and marketable. The properly is appraised as though under responsible ownership. I'. 2. Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property. The appraiser has made no survey of the property. 3. The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. y(4 4. Neither all,nor any part of the content of this report,copy or other media thereof(including conclusions as to the property value,the identity of the appraiser,professional designations, 1 of the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 1 5. The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. I 6. Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. i 7. The appraiser assumes that there are no hidden or unapparent conditions of the properly,subsoil,or structures,which would render it more or less valuable. The appraiser assumes no responsibility for such conditions,or for engineering of testing,which might be required to discover such factors. This appraisal is not an environmental assessment of the property and ) should not be considered as such. B. The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted. The appraiser i } did not conduct the intensive type of field observations of the kind intended to seek and discover property defects. The viewing of the properly and any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment. Statements regarding condition are based on surface observations only. The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues. Unless otherwise indicated,mechanical systems were not activated or tested. IThis appraisal report should not be used to disclose the condition of the property as it relates to the presence/absence of defects. The client is invited and encouraged to employ qualified (_ + experts to inspect and address areas of concern. If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumas the components that constitute the subject property im provem ent(s)are fundamentally sound and in working order. r Any viewing of the property by the appraiser was limited to readily observable areas. Unless otherwise noted,attics and crawl space areas were not accessed. The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9. Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10. Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes. Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment. The Definition of Value used in this assignment is unlikely f to be consistentwilh the definition of Insurable Value for property insurance coverage/use. 1 11. The Act General Purpose Appraisal Report(G PAR is notintended for use in transactions thatrequire aFannie Mae 1004/Freddle Mac 70 form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of W ork,Assumptions and Limiting Conditions LI . i r , i i i r _i r I� Produced using ACI soltware.800.234.8727 www.etiweb.com This form CopyiightO 2005.2010 ACI Omsion of ISO Claims Services,Inc..All Rights Reserved. f "p�i"'Twr page 3 of 4 (gPAR"I General Purpose Appraisal Report 0512010 i,�-+.i.1 GPARl001_1005262010 QnnnralnurP Summary 1 Residential Appraisal Report File No. 14-0036 Appraiser's Certification T The appraisers)certifies that,to the bestof the appraiser's knowledge and belief: I1. The statements of fact contained in this report are true and correct. 1 2. The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. } 3. Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. t ' 4. The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. S. The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. The appraiser's 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 !I the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. ' 7. The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8. Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9. Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this cerlificalion. Significant real properly appraisal assistance provided by: 6 j 1 Additional Certifications: I' f 4 il ii rr 7 Definition of Value: F—IMarketValue ❑Other Value: Source of Definition: r. L1 i- L1 r r t ADDRESS OF THE PROPERTY APPRAISED: 909 Newville Road Carlisle, PA 17013-1736 f i EFFECTIVE DATE OF THE APPRAISAL: 12/26/2012 I APPRAISED VALUE OF THE SUBJECT PROPERTY s 280,000 L APPRAISER SUPERVISORY APPRAISER Signature: �` Signature: Name: Steven W. Barrett, SRA. SRPA Name: State Certification# GA000298L State Certification# or License# or License# or Other(describe): State#; Stale: Slate: PA Expiration Date of Certification or License: Expiration Dale of Certification or License: 061301201 5 Date of Signature: Date of Signature and Report: 03/18/2014 Date of Properly Viewing: Date of Properly Viewing: 02/25/2014 Degree of property viewing: Degree of property viewing: Dlnlerior and Ext edor ❑Exterior Only []Did not personally view –(interior and Exterior QExterior Only QDid not personally view � Produced using ACI sollw are,800.274.8727 www.aciweb.com This form Capyrirhl®2005.2010 ACI Dwslon of ISO Claims Services.lac.,All Rights Reserved !2 Page 4 of a (gPAR"'I General Purpose Appraisal Report 201 1 GPAR10e4]005252 12010 -,, P. In.PP..• S.W. Barrett Real Estate & Appraisal Services r t S. W. Barrett Real Estate & Appraisal Services USPAP ADDENDUM Pile N4, 14-0036 Borrower: Noll Associates Property Address: 909 Newville Road City: Carlisle County: Cumberland State: PA Zip Code: 17013-1736 Lender: Irwin & McKnight, P.C. Miller Es Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: 180-220 days a ' Additional Certifications j]l 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 I period immediately preceding acceptance of this assignment. A []i HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. i k ) S r i 1 i 3 7 ! t Additional Comments t . j : 1 1 . I } t e I APPRAISER: SUPERVISORY APPRAISER(only ifrequired): LJ Signature: Signature: Name: Steven W. Barrett SRA. SRPA Name: jDate Signed: 03/18/2014 Date Signed: State Certification #: GA000298L State Certification #: or State License#: or State License#: or Other(describe): State #: State: State: PA _ Expiration Date of Certification or License: } Expiration Date of Certification or License: 06/30/2015 S.u_pervisory Appraiser inspection of Subject Property: Effective Date of Appraisal:12/2612012 [� Did Not ❑ Exterior-only from street (._1 interior and Exterior Pl.d—d ming ACI sPllw ere.800.1]t.BTll www.a ciw eE.cam USPAP_l4 Ni 010V014 f SUMMARY REAL ESTATE APPRAISAL REPORT. 14 BROOKWOOD AVE CARLISLE, .PA 17015 "AS OF" December 26, 2012 PREPARED FOR Douglas.G. Miller, Esquire Irwin & McKnight; Attorneys at Law 60 West Pomfret Street Carlisle, PA 17013 PREPARED. BY Steven W. Barrett, SRPA,.SRA PA State Certified General Appraiser General Member—Appraisal Institute S.W.Barrett Real Estate&Appraisal Services Appraisals Brokerage Counseling 14 BROOKWOOD AVENUE .77 I� } 1 'yR\j l) .y1L. Yf ._ �x 0 P . 5 �� •��, � C„yl _� R � 1 _:_.:1' � �?;\ qtr'. 4 S.W.Barrett Real Estate&Appraisal Services Appraisals Brokerage Counseling S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES Appraisals Brokerage Counseling 505 S.Hanover St.Carlisle,PA 17013 Phone(717)243-6646 or(717)-243-1800 FAX 717-243-8627 annraisalsna,swbarrett.com February 26, 2014 Douglas G. Miller, Esquire Irwin &'McKnight, Attorneys at Law 60 West Pomfret Street Carlisle, PA 17013 RE: 14 Brookwood Avenue Carlisle, PA 170.15 Dear Mr. Miller: In accordance with your request, we have inspected:and.appraised the captioned property and have prepared the attached appraisal. report. This,appraisal is intended to comply with the:reporting.requirements set forth under Standard Rule 2-2(b) of the Uniform Standards of Professional Appraisal Practice (USPAP) for an appraisal report. As such, it presents only summary discussions of the data,..reasoning, and analyses that were.used in the appraisal process to develop the Appraiser's opinions of.value. Supporting documentation concerning the data, reasoning., and analyses is retained in the Appraiser's file. The Appraiser is not responsible for unauthorized use of this report. The value estimate applies to the land and improvements as physically.constituted on the valuation date and the estimates. reflect prevailing trends of the real estate market in the general Carlisle and South Middleton Township area, located in the central region of Cumberland County. The Appraiser has made.a careful inspection, study, and analysis of the property, and has considered all factors which,in my opinion, would tend to influence the market value of the subject. Should.you care to discuss this.report, please do not hesitate to contact our office. Thank you for allowing us to be of service. Respectfully submitted, S. WnE E &APPRAISAL SERVICES Steven W. Barrett, SRPA, SRA PA State Certified General Appraiser GA-000298-L ' 14 Brookwood Avenue Carlisle,RA 17015 TABLE OF CONTENTS LetterofTransmittal . . , . ` Table of Contents Iderntification/ U���nf ' �oora��| . , . 2 ' `°p"s~ =°"^ "'°~"°"° "~~ ,-- '--. '' ---,_'.--' ----'----'----- ofCeDt.`~_`-__'--..-.--..—_--..'.,,,—..----._.---------..2 | ------.2 Summary d �Condition of the .............._�-__.,---_..-----.---.2 � -...---.2 General AssuAssignment-----..3 Scope of Work Used al...........^...................5. ` Type and Definition of Value Required forthis ............... .........................6 ` . � '^- B __-' .-,-. ,_'-- ---- --------' .. .. ... ,.-~_.^._---._.-_-------.O � �Data ...................................................................8 Neighborhood Description _-.----_.---...__..'.�--.--_.--.--_---.----.8 High est a nd-Best -.---.-�-.~- �--`.'`..`....^--.--..�..�-^^-------'---�9 . ' `' ' ' ' � .'. . —.----..''.'^—�---.`--^---.-----------..--. � Real Es-"°"'`ss~°="°.` -.—'---.'_.--.-_-------...............................................10 � .Site.Description,--_.-',._.—._---.-,.._.,..--,,'-.—'----_---.------.1O ���e |rn _-.------'�_._.�'---._.-'--..'------.----.------..10 ' ' ' ' ' ' ' ' ' . Easements, encroachments, and restrictions...................................................... ......................1[> Utilities-.-.-..`----'_---..---------'---.-----.-------------.1O ' ' � � 1D Flood: .-.----`—.---------^---_---^---^------.—. � ADA .-,.-.._~__---_,-,.__.._.__--`.-.,_._-..'_----.-..11 Building' ,' ...................................................... ..................... ............................12 Method of\/61 '-_.----..--..-.,---'.-----.--------..13 Sales [�on1 ' .--'----.-------..----.---.---------..13 | Capitalization - �'--..---.--._.—.--._�------------.18 � �ion of Value ....... ........... - ..................................... ....... . ....................... ..............3O Certification--.,------`_..._-`.__---.----_._.---'---.,-----.----..31 � ' ` ADDENDA � ' ' ' sw Barrett � ' 14 Brookwood Avenue Carlisle,PA 17015 t PURPOSE AND INTENDED USE OF THE APPRAISAL The.objective.of this report is to estimate the market value of.the subject property's leased fee estate interest."AS OF'.' December.26, 2012. We understand that this appraisal will be used by the.client in.conjunction with estate planning and establishing retrospective market value for the subject. property. This. :appraisal report. is non. .transferrable to. Another user without the permission of S. W. Barrett.Real Estate and..Appraisal Services.. , IDENTIFICATION.OF CLIENT The:client i.n* . this assignment. is Douglas G. .Miller, Esquire, partner .in the.firm. of Irwin & McKnight,.Attorneys at Law, for the estate..of.Robert L. .and MaryE. Noll-(Noll Associates) c/o r , Susan Sherman. IDENTITY AND OWNERSHIP OF THE SUBJECT PROPERTY The-parcel currently.is owned by Noll Associates, a partnership composed .of Robert L. Noll, Mary E. Noll; and Susan J. Noll: recorded'in the Recorder.of.Deeds.Office in the.Cumberland County Courthouse; Deed iBook L-32.Page-445. Tax Parcel 40-22-0479-019: Last transfer is dated January 16, 1987: fora consideration of .$85;000. A. copy of the legal description is included in the addenda of this report.. REASON AND HYPOTHETICAL CONDITION OF.THE APPRAISAL This analysis is based on current market conditions that were in effect on the "AS OF" date of the inspection of the subject. property. There .are NO hypothetical conditions that were considered,for this analysis. SUMMARY OF FINAL CONCLUSION Sales Comparison Approach: $670,000 Income Approach: $660,000 Cost Approach:- Not.Utilized Final Value Conclusion: $665,000 S.W.Barrett Real Estate&Appraisal Services Page 2 Greenawalt & Company, P.C. James E.Lyons CERTIFIED PUBLIC ACCOUNTANTS Deborah J.Kelly Since 1955 Scott J.Christ a4cclo,* October 9,2014 Ronald S.Morgan Howard R.Greenawalt Douglas G Miller, Esquire CreedonR.Hof&nan Irwin & McKnight, P.C. Law Offices 60 West Pomfret Street Carlisle, PA 17013 Re: Robert& Mary Noll Noll Associates Dear Doug, You inquired as to the tax values for any Noll Associates equipment,appliances and vehicles owned at date-of-death as well as any liabilities owed by the partnership. We prepared the income tax return for Noll Associates for 2012. Based on the account balances from that income tax return we noted the following values: Assets other than real estate: Cash in checking accounts $20,610.31 Net tax basis of equipment, appliances,and vehicle 18,984.34 Total assets other than real estate $39,594.65 Liabilities owed: Security deposits held for tenants $ 3,733.33 Notes Payable-PNC 69,637.05 Notes Payable-Orrstown 72,314.42 Payroll tax liabilities 1,315.73 . Total liabilities $ 147,000.53 The partnership commenced business on January 1, 1977. The balances in Robert and Mary's capital accounts at date of death were as follows: Robert $601,173 Mary 601,264 Robert and Mary each owned a 1/3'd interest in the partnership. If you need any additional information,do not hesitate to give me a call. Sincerely, Deborah J. Kelly,CPA GREENAWALT&COMPANY, PC 400 West Main Street•Mechanicsburg,PA 17055 e 717.766.4763.Fax 717.766.2731 62 West Pomfret Street•Carlisle,PA 17013.717.243.4822.Fax 717.258.9372 www.greenawalt.cc NOLL ASSOCIATES Summary of net tax basis for equipment/appliances at DOD 2002 Ford Ranger $ 1,343.80 Lincoln car 16,460.25 1878 Douglas-refrigerator 23.85 122 Virginia-appliances 61.20 901 Newville Road-oil tank 938.12 1879 Douglas-shed 157.12 $ 18,984.34 Summary of liabilities: Security deposits held for tenants $ 3,733.33 Notes payable-PNC 69,637.05 Notes payable-Orrstown 72,1214.42 Payroll tax liabilites 1,315.73 $ 147,000.53 S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES Appraisals•Brokerage•Counseling 505 S. Hanover Street Carlisle, PA 17013-3919 Phone (717) 243-6646 or(717) 243-1800 FAX (717) 243-8627 appraisals@swbarrett.com Steven W.Barrett,SRPA,SRA,ASA State Certified General Appraiser Real Estate Broker Appraisal 1¢sGlute SRl'A SRA rM Q Q REALTOR® March 18, 2014 Douglas G Miller, Esquire. Irwin& McKnight Attorneys at Law 60 West Pomfret Street , Carlisle, PA 17013 U1 RE: Noll Associates Vacant Land McClures Gap Road Parcel#29-08-0579-005 Dear Attorney Miller; Per you request, I have inspected.the subject property and completed market research to arrive at a value range on a per acre basis for the above captioned subject property. I was able to find nine potential residential development sales that have transferred within Cumberland County with a value range per acre from$9,544 to$27,087 per acre having a mean value of$17,661 per acre. Based on these market sales and personal knowledge of local market conditions;the subject's per acre value should range from $15,000 to$20,000 per acre. Please, review my research results and should you desire to have a detailed appraisal completed let me know. I certify that there is no financial interest, present or contemplated,in this property,and that neither the employment to provide an opinion of per acre range of value nor the compensation therefrom is contingent upon the per acre value range reported. Sincerely, LJ T-?' 7t/- Steven W. Barrett,SRA,SRPA PA Certified General Real Estate Appraiser GA000298L POTENTIAL • ' Prepared by Steven W. Barrett, SRPA,SRA, Certified General Real Estate Appraiser SALE SALE LAND PRICE PARCEL DATE PRICE SITUS SIZE ACRE ZONING UTILITIES 42-11-0274-023A 11/6/2007 $1,000,000 MCCORMICK ROAD 50.97 $19,619 RL NONE 13-10-0258-017+ 7/21/2010 $1,120,000 1525 SLATE HILL ROAD 45.76 $24,476 R2 NONE 42-11-0272-001 9/1/2011 $3,800,000 707 HERTZLER ROAD 146.98 $25,854 R1 W/S/G 17-09-0543-001 1 6/6/2013 $5,000,0001 HESS FARM li4.591 $27,087 R2 W/S 38-06-0009-007A 1 2/26/20131 $1,000,0001136 SAMPLE BRIDGE ROAD 1 90.631 $11,034 R1 I W/S/G 21-07-0565-006 2/15/2011 $825,000 121 COUNTRY CLUB RD 69.7 $11,836 RC-UDA NONE 21-08-0573-029 10/14/2011 $1,500,000 1650/1652 W TRINDLE ROAD 139.27 $10,770 RF NONE 40-11-0286-001 3/20/2013 $900,000 331 E OLD YORK ROAD 94.3 $9,544 AC NONE 05-19-1647-102 4/24/2009 $550,000 MEETING HOUSE ROAD 29.37 $18,727 R1 W/S/G •�. r F,�v.- _2 m':�a• t REM', .:,, .. ._ .. :::� .,gym. `- ' �..^x'11,. ..Y.: te ..e.�...rnJ:v.,::ii:TJ.I, _ -„Ii -:C.._ ',i':: ._C: .`.Y:v 'ae_f.. 4:.r•. .e.� �Y - 3 ; a tJ ,-c= r'k,:. ..'ct,_. mak:? .,-.�`,. ,.-••r'— .... 7-y ..:. 5 .N._ .,b "T^4...1.:.,n•,t.f:.:....:r'i'': ....:: .,?i'? 'dl_: L"2 ,h - ».f_.......�n.WJ..Y�j....-...t.»t.s...l'.IF�.JIi..vl... •1.... .. ._h. i .„ :...v .....::, .. f:liu ':1.". -:Vc1.it:, - ter.: .. . •il ..».n-..,.,,.-._.....°.�-1r....t.4..:v t...wi.i....-.'4' n...., ,.....;. ,:4..': ..�.,.8 L_.»..`°'�.',:._�.Su ..k.�.?'.�..:.5.'"�o i' J..I.A. w+.�.59'�+ r,. Market Indicators-All Sales Range Average Value(Sale Price) $550,000 to$5,000,000 Value(Sale Price) $1,743,889 Price Per Acre $9,544 to$27,087 Price Per Acre $17,661 Acreage 29.37 to 184.59 Acreage 94.62 Borrower: 00 Property Address:I 11 McClures Gap Road Case No.: City: Carlisle State: PA Zip: 17013 • � •- > , -t•t ,TSS l` � � , - - ( - / S, ,, 1 ✓' y_I .^ _ f t, l �. ., f 1. .r �, _ i S " �Sg•'��. ,,ri fit~'+ Y� '"'{7„t.. 1 ' S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.140034 APPRAISAL OF 7 LOCATED AT: 2 1W Virginia Avenue Carlisle,PA 17013-1072 CLIENT: Irwin$McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012 BY: Stan A.Skowronek PA Certified Residential Real Estate Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0034 02124/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0034 In accordance with your request, I have appraised the real property at: A26 Virginia Avenue Carlisle,PA 17013-1072 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December 26,2012 is: $104,000 One Hundred Four Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 14-0034 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Nametintended User Irwin&McKnight,P.C. Miller Esq. E-mail N/A Client Address 60 West Pomfret Street city Carlisle state PA zip 17013 Additional Intended users The Intended User of this appraisal report is the Client. No additional intended Users are permitted without the permission of the a raisers. intended use The Intended Use is to evaluate the"property that is the subject of this appraisal to provide the Client with an accurate and adequately supported opinion of value. Pro erty Address 4WVirainia Avenue i2v city Carlisle state PA zip 17013-1072 owner of Public Record Noll Associates county Cumberland Legal Descrition P/O Deed Book 31S,page 1000 " Assessor's Parcel# 29-16-1094-401 Tax Year 2013 R.E.Taxes$1,803.00 Neighborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Proa Ri hts A raised X Fee Simple Leasehold other describe M research did did not reveal any prior sales or transfers of the subject property for the threw years prior to the effective date of this appraisal. Prior Salefrtansfer: Date 01/30/1986 Price P/O$105,000 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) No prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables;within 12 months of their sale date.NOTE: The subject's previous sale on 01/30/1986 included 126 Vir inia A-venue(parcel#29-16-1094-309). Offerings,options and contracts as of the effective date of the appraisal None noted ';^NeiBhborliootl'chi iacterh Ics.'.' one=llnitHousingoTtentls :_:One-UnitHousing>f '.Presenfl.amd Use%.'' Location Urban X Suburban I I Rural. Property Values I I increasing - X%abte Declining PRICE - AGE One-Umt 82% Built-Up X Over 75% 25.75% 1 Under 25% 1 Demand/Supply I Shorts e X In Balance over Su I $oo0 s 2.4 Unit 0% Growth Rapid X Stable LJ Stow I Marketing Time LJ Under 3 mths X 3.6 mihs J Over 6 mills 110 Low 20 Multi-Family0% • Neighborhood Boundaries The subject is bounded on the north by Vir inia Ave on the east by 250 High 140 Commercial 3% Sterretts Gap Rd on the south by Pheasant Or N and on the west by Mary Ln. 130 Pred. 40 other Vac 15% Neighborhood Description The subject is located in an established residential subdivision amongst homes of varying size style and quality. It is within close proximity to ammenities such as schools sho in and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 154.14x22.05x155:60x22 Area 3410 sf Shape Rectangular View Residential S ecificZanin Classification MHD ZoningDescription Medium to Hi h Densi Residential Zonin Com lance X Le al Legal NonconformingGrandfathered Use No Zonin Ille al describe Is the highest and best use of the subject property as improved(or as proposed per pians and specifications)the present use? X Yes No d No,describe. .Utilitles P Iaflc Other tlescribe Public Other describe Off-site lm rovements—T a Public Private Electric Water street Macadam Gas I I I None Sanitary Sewer x Alley None Site comments There are no apparent adverse easements encroachments or other adverse condition. The subject improvements are not in a FEMA special flood hazard area r Flood Ma #42041CO231 Mated 03-06-2009/Zone X. GENERAL DESCRIPI10f9 _ FOUNDATION EXTERIOR DESCRIPTION." :materials MTERIOR' . ;`matenah units X one Onew/Amunit Concrete slab Crawls ace Foundation Walls Conc Blk/Av Floors Cr tMn I/Av #of Stades 2 X FuII Basement Partial Basement Exterior Walls BricktVin/AY Walls D all/Av 14e Det. X Aa. S-DetJEndUnit Basement Area 660 sq.ft. RoolSurface Com oSh le/Av" TrimlFinish Wood/Av X ExistingPro osed under Const. Basement Finish 0% Gutters&Downspouts Aluminum/AvgBath Floor Vinyl/Avg Design S e Townhouse X outside En !Exit Su Pum Window T Double Hun Av Bath Wainscot D ail/Av Year Built 1983 Storm sashAnsutated Thermal/Avg Car Store e X Nane Effective Age(Yrs)15 Screens Yes/AvgDriveway #of Cars 2 Attic None HeatingX FWA HW Radiant Amenities WaodStove s#0 Driveway Surface Mac/Offstreet Ora Stair Stairs Other Fuel Effect Fre tacos#0 Fence None .Galatea #of Cars Floor X Scuttle Cooiin X Central Air Conditionin X PatiolDeck Deck Porch None Car on #of Cars Finished. Heated - Individual Other PooINOne Other None Ad. Dat. Built-in Aiarrces X Re'eraror X R n X Dishwasher X Dis osai Miicrowave WasherlD r Otherdescr�e Finished area above rads contains: 5 Rooms 2 Bedrooms 1 Bath(s) 1,320 Square Feet of Grass LNin Area Above Grade Addtional Features Rear wood deck. Two paved parkingspaces per townshouse. Comments on the Improvements Improvements are considered to be in average condition with no physical inadequacies noted based on exterior Inspection.Functional adjustment"made for the two bedroom floorplan. PmduttdusingAd xo74wre.800.2348YLtwtmecttm6.com TNsbrm igM020p51Ot0Ad 6'ri9aniflsadxPUSaMces,kK.AeAigh6Re Papelof4 (pPAR-)Genoai Purpose Appraisal RepOn e5=0W2016 GPAR1006_100528t010 ge....1P"PuceaPPruisolrePOrt ADDENDUM Client: Irwin 8 McKnight,P.C.,Miller Esq. File No.: 14-0034 Property Address: 126 Virginia Avenue Case No.: City: Carlisle State: PA Zip: 17013-1072 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,1 have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Conditions of Appraisal The property has been appraised in current condition. This is for the clients use only.NOTE: THE OPINION OF VALUE IS BASED SOLELY UPON AN EXTERNAL INSPECTION AND COURTHOUSE AND OWNER INFORMATION DUE TO THE INABILITY TO MAKE CONTACT WITH THE CURRENT TENANT. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0034 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 126 Virginia Avenue 148 Virginia Avenue 1214 Pheasant Drive S. 1674 Douglas Drive Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Proximity to subject 0.08 miles WSW 0.19 miles SE 0.15 miles SSE Sale Price $ NIA s 11B4O00 $ 117,600 s 126,000 Sale PrkoeGtossLiv.Area $ 0.00 sq.ft. $ 88.46 sq.It $ 89.09 sq.ft.I $ 91.30 so.ft. Data Sources CPMLS 10219062 CPMLS 10218417 CPMLS 10215707 Verification Sources (Courthouse Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +{-)b DESCRIPTION (-)$A4uP, DESCRIPTION Sale or Financing NIA None,VA $3,000 Cl.Csts 0 None,Conv Concessions DOM 21 DOM 123 DOM 54 Date otSafetTime VA NIA 06/28/2012 0212912012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple site 3410 sf 3485 sf 0 2614 sf 0 2614 sf 0 view Residential Residential Residential Residential Design s a Townhouse Townhouse Townhouse Townhouse Quality of Construction Avera a Average Average Average Actual Age 31 Years 36 Years 0 35 Years 0 35 Years 0 Condition Avera a A vg -5.000 Av /Goad -5,000 Av Good -5,000 Above Grade Ta a Batts Tea Bdrmg Bats Tau floats Batts • Room Count 5 2 1 -2 500 5 2 2.5 -T 500 6 3 2.5 -7.5001 Gross Living Area30.00 1 320 s.ft. 1 334s,ft, 0 1,320 sq.ft. 0 1,380 sq.ft. 0 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt • Rooms Below Grade Unfinished Familv,Room -2,000 Unfinished Family Room -2,000 Functional Utility 2 Bedroom 2 Bedroom 2 Bedroom Average -21000 Heating/Cooling FWA/CA FWA/CA FWA/CA FWA/CA Energy Efficient items None None None None Gara elcar ort Offstreet Offstreet Offstreet Offstreet PorchlPatiolDeck Wood Deck Deck/Shed -3,000 SCinP/Shed -3 000 Patio/Fence -3,000 None None None Fireplace -2,000 Net Adjustment Crotap I. X- Is 12500 + X- $ 15,500 + X- $ 21,500 Adjusted Sale Price NetAdj, -10.6% NetAdj. -13.2% NetAdj. -17.1% - ofComarables GrossAd'. 10.6% $ 105,500 Grossadj. 13.2% $ 102,100 Gross Ad. 17.1%1$ 104.500 Summary of Sales Comparison Approach Opinion of value range is$102,000 to$106,000. A closing cost adjustment is not made for comparable#2 since it sold at final list price. The condition adjustments reflect recent upgrades. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the final reconciliation.The best available comparable sales were selected and used for this appraisal. cos*APPROACH TO VAcuii ... - . Site Value Comments NIA ESTIMATED REPRODUCTION OR Ll REPLACEMENT COST NEW OPINION OF SITE VALUE........................................_$ N/A Source of cost data Dwelling Sq.Ft.@$ ............_$ 0 all rating from cost service Effective date of cost data Sq.Ft.@$ ............=$ 0 Comments on CostA roach(gross living area calculations,depredation,etc. Cost Approach deemed a poor indicator of value. The Garage/Carport sq.Ft.@$ .......,:..._$ • Estimated Remaining Economic Life.-15 years Total Estimate of Cost-New ......... $ 0 Less Physical Functional Extemai Depreciation I $ 0 Depreciated Cost of improvements................................=$ 0 -As-is"Value of Site Improvements................................=$ INDICATED VALUE BY COST APPROACH...................... =$ N/A INCOMEAPPROAGHTOVACUE..' . . - .. .. _ . .. .. Estimated monthly Market Rent$ N/A X Gross Rent Multiplier 0.00 =$ 0 indicated value b income Approach Summary of Income Approach(including support for market rent and GRM) NIA Indicated value : Sales Comparison Aroach s104,000 Cost A roach if developed)s NIA income A roach if develo etl$0 The Market Data Analysis supports m inion of value for the subject The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income A roach was also deemed inappropriate for this • analysis. This appraisal is made X-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 the following: • The roe has been appraised in current condition based on exterior inspection only. This appraisal is for client only, nontransferable. See attached addendum. Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(aur)opinion of the defined value of the real property that is the subject of this report is s 104,000 as of 12126/2012 ,which is the effective date of this appraisal. Pgtltudushg A0%xr* .eao.2t4.4727 wMn.atkRU.com nM-mC¢pylight020W2010AG OMSI¢n¢ft50CIa S.,*.1g AN Rosaese Page 2 of 4 (gPARTM)General Purpose AplNaiszt Rer 0512010 g¢p¢ralpurposc¢ppraisnlrcport S.W.Barrett Real Estate&Appraisal Services GPARl loos2e2om Summary Residential Appraisal Report File No. 14-0034 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment."In short,scope of work is simply whatthe appraiser did and did not do during the course of the assignment.It includes,but is not limited to:the extent towhich the property is identified and inspected,the type and extent of data researched,the type and extent ofanalyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other identified intended users and tothe intended use of the report.This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or fitle thereto,not does the appraiser render any opinion as to the fitle,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the properly.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the properly in question,unless arrangements have been previously made thereto. 4.Neither all,nor any part of the content of this report,copy or other media thereof[including conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected);shall be used for any purposes by anyone but the client and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the,written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the properly;subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the properly and should not be considered as such. 8.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of theJand intended to seek and discover property defects.The viewing of the properly and any improvements is for purposes of developing an opinion of the defined value of the properly,given the intended use of this assignment Statements regarding condifion are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property improvement(s)are fundamentally sound and in working order. Any viewing of the property-by the appraiser was limited to readily observable areas:Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverage/use. 11.The ACI General Purpose Appraisal Report(GPAR'"')is not intended for use in transactions that require a Fannie Mae 1004/Freddie Mac 70 form, -also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions None par Prokmo u5ng ACI mRwNe e00.33EeT]T—Cwebwm This f0m Capyrlght 02005-NIO ACI ciman ar iso Oaft Servl=I .AR Pjgh6 Res-ell. Page 3014 (gPAR"')General Purpose Appraaal Report Ob MO GPAR300a 10052fi2010 generalpurposeapprarsalrepar[ Summary Residential,Appraisal Report File No. 14-0034 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. -6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the,value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None Definition of Value: - XQMarketValue �❑other Value: Source of Definition:USPAP The most probable price,in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not affected by undue stimulus. ADDRESS OF THE PROPERTY APPRAISED: 126 Virginia Avenue. Carlisle:PA 17013-1072 EFFECTIVE DATE OF THE APPRAISAL:12/26/2012 APPRAISED VALUE OF THE SUBJECT PROPERTY$104,000 APPRAISER SUPERVISORY APPRAISER .Signature: �A Signature: �4 Name: Stan A..Skowronek Name: Steven.W.Barrett.SRA.SRPA State Certification# RLOO1572L State Certification# GA000298L or License If or License# or Other(describe): State#: State: PA State:PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Date of Signature: 02/24/2014 Date of Signature and Report: 02/24/2014 Date of Property Viewing: Date of Property Viewing: Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior OnlyXQDid not personally view ❑Interior and ExteriorXO Exterior Only ❑Did not personally view Pm and using Ad wfv ,800130.8)77 msw dmb.wm TNS form Upydgtn a 2005-2010 ACI DMsion of ISO Balms SBMtt;Inc,All Rl8hb;Resemd Page 4 014 (gPAR-)Gerersl Purpm Appraisal Report 05'2U1 I GPM1004_1005262010 geno�e�Pu,osenpPrarsnl�npart S.W.Barrett Real Estate 8:Appraisal Services Summary USPAP ADDENDUM File No. 14-0034 Borrower: Noll Associates Property Address:126 Virginia Avenue City: Carlisle County: Cumberland State: PA Zip Code: 17013-1072 Lender: Irwin&McKnight P.C., Miller Esq Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is: Additional Certifications 01 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 immediately preceding acceptance of this assignment. C3 I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments t APPRAISER:Q SUPERVISORY APPRAISER(only if required): Signature: - Signature: LID V___ Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/24/2014 Date Signed: 02/24/2014 State Certification#: RL001572L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 ,Su ervisory Appraiser inspection of Subject Pro pe : Effective Date of Appraisal:December 26,2012 LJ Did Not ❑Exterior-only from street Interior and Exterior Pm&ud AN as wft m SM.134.e727 xxw.ectmbe USPS 14Uf 01061014 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.140033 APPRAISAL OF LOCATED AT: 126 Virginia Avenue Carlisle,PA 170131072 CLIENT: irwin&McKnight,P.C.;Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012 BY: Stan A.Skowronek PA Certified Residential Real Estate Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0033 02/24/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number. 14-0033 In accordance with your request, I have appraised the real property at: 126 Virginia Avenue Carlisle,PA 17013-1072 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December 26,2012 is: $104,000 One Hundred Four Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted CU►tR---- Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 14-0033 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Name/Intended User Irwin&McKnight,P.C. Miller Esq. E-mail N/A Client Address 60 West Pomfret.Street city Carlisle stare PA zip 17013 Additional Intended users The Intended User of this appraisal report is the Client. No additional intended Users are permitted without the permission of theappraiser(s). Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequately supported opinion of value. PropenyAddress 126 Virginia Avenue city Carlisle state PA zip 17013-1072 Owner of Public Record Noll Associates county Cumberland Legal Description P/O Deed Book 31S page 1000 " Assessor's Parcel# 29-16-1094-399 Tax Year 2013 R.E.Taxes$1,803.00 Neighborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Property Rights Araised X Feesim le Leasehold her describe M research I Idid X did not reveal an rior sales or transfers of the subject roe for the three ears rior to the effect ve date of this a raisal. Prior Sale/Transfer: Date 01/30/1986 Price P/O$105,000 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) No prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables within 12 months of their sale date.NOTE: The sub ect's revious sale on 01/30/1986 included 122 Virginia Avenue(parcel#29-16-1094-401). Offerings,options and contracts as of the effective date of the appraisal None noted Nelght)6 d Chaiacteristles one-unitHousing Trends - ''One-Uhh Rousing `; Pieserit Land Use%.:- .LocationF. Urban X Suburban Rural Property values Increasin X Stable Declining PRICE AGE One-Unit 82% Built•U X Over 75% J 25-75% 1 Junder25% Demand/Su I )Shortage IX I In Balance I oversupply $(000) s 24 Unit 0% Growth ]Rapid N1 Stable Slow Imarketingnme LJunder3mths X 3-6 mths L Over 6 mths 110 Low 20 Multi-Fami 0% Neighborhood Boundaries The subject is bounded on the north by Virginia Ave on the east by 250 High 100 Commercial 3% Sterretts Gap Rd on the south by Pheasant Dr N and on the west by Mary Ln. 130 Pred. 40 Other Vac 15% Neighborhood Description The subject is located in an established residential subdivision amongst homes of varying size style and quality. It is within close proximity to ammenities such as schools shopping and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 152.68x22.05x154.14x22 Area 3360 sf Shape Rectangular view Residential 5 ecficZanin Classificaton MHD ZoningDescri bon Medium to Hi h Densit Residential Zoning Compliance X Le al Le al Nonconformin Grandfathered Use No Zonin III al describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes LJNo If No,describe. Utilities Publictlescr!be Public Other describe off-sitelm rovements—T a Public Private ElectricityX Other 200 Pump Water X Street Macadam X Gas I I None sanitary Sewer X I I Alley None site comments There are no apparent adverse easements encroachments or other adverse condition. The subject improvements are not In a FEMA special flood hazard area per Flood Map#42041 CO231 E/Dated 03-06-2009/Zone X. ' GENERAL DESCRIPTION - = FOUNDATION-."� - EXTERIOR DESCRIPTION-: mar rials' ` .I4TERIOR6matedals Units X One Onew/Acc.unit Concrete Slab Crawls ace Foundation Walls ConCBlk/AV Floors Cr t/Vin /Av #of Stories 2 X I Full Basement Partial Basement Exterior Walls Brick/Vin/AV Walls D all/Av T e Det. [X]Att. I JS-DeIJEndunit Basement Area 660 sq.ft. Roof Surface Com oSh Ie/AV Trim/Finish Wood/AV [XIExistino LJProposed I Junderconst. Basement Finish 0% Gutters&Downspouts Aluminum/Avq Bath Floor Vinyl/Avg Design(style)Townhouse JX I Outside En /Exit I 1SumpPumpwindow Type Double Huna1AV9 Hun /AVBath Wainscot D all/AV Year Built 1983 Storm Sash insulated Thermal/Avg Car Storage JXJNone Effective Age(Yrs)15 Screens Yes/AV Driveway #of cars 2 Attic None Heafina X FWA HW Radiant Amenities -WoodStove s#0 Driveway Surface Mae/Offstreet Dra Stair Stairs Other Fuel Elect Fire laces#0 Fence None Gara e #of Cars Floor X Scuttle �'CoolirmX Central Air Conditionin X Patio/Deck Deck Porch None Car ort #of cars Finished Healed Individual Other Pool None Other None Att. Det. Built-in A liarlces X Retri erator X Ran sloven X Dishwasher X Di osal Microwave I lWasher/Drve. Other describe Finished area above arade contains: 5 Rooms 2 Bedrooms 1 BaIhfsJ Square Feet of Gross LivingArea Ahove Grade Additional Features Rear wood deck. Two paved off street parkina spaces per townhouse. Comments on the Improvements Improvements are In average condition with no physical inadequacies noted.Functional adjustment made for the two bedroom floor Ian. rTM Pr uM using ACI SoM1wele.=.Zda.a727 ewv Webs TOTS form CWJeq%02005-2010 ACI DMsion or ISO aWM Ser*M I=,A.Mghrs RMPMd. Page l M 4 (gPAR-)General Pwpoae AP%WS8i Repan osmio gnaGPAA1005_100526a110 9eneralpurpasc aPP"aisalrenart ADDENDUM Client: Irwin&McKnight,P.C.,Miller Esq. File No.: 140033 Property Address: 126 Virginia Avenue Case No.: City: Carlisle State: PA Zip: 17013-1072 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend Is indicated,1 have attached an addendum providing relevant competitive listingicontract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0033 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 126 Virginia Avenue 148 Virginia Avenue 1214 Pheasant Drive S. 1674 Douglas Drive Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 ProAmiry tosubiect 0.07 miles W 0.19 miles SE 0.15 miles SE Sale Price $ N/A $ 118,000 $ 117,600 Is 126,000 Sale Price/Gross Liv.Area $ 0.00 sq..ft. s 88.46 sq.ft.I s 89.09 sq.ft. s 91.30 sq.ft. Data scurce s . CPMLS 10219062 CPMLS 10218417 CPMLS 10215707 Verificationsources Courthouse' Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION -)EA ummert DESCRIPTION +(-)$Adfuttmen DESCRIPTION +(-)BAdpramert Sale or Financing N/A:'. None,VA $3,000 Cl.Csts 0 None,Conv Concessions DOM 21 DOM 123 DOM 54 Date of SalelTime :N/A 04/27/2012 06/28/2012 02129/2012 Location Suburban Suburban I Suburban Suburban LeaseholdlFee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 3360 sf 3485 sf 0 2614 sf 0 2614 sf 0 View Residential Residential Residential Residential Desins a Townhouse Townhouse Townhouse Townhouse Quality of construction Average Avera a Averacie Avera e Actual Age 31 Years 36 Years 0 35 Years 0 35 Years 0 condition Avera a Avg/Good -5,000 Av /Good -5,000 Av /Good -5,000 Above Grade Tm9 11dms amts Tot9 Stir 9a hs TOW 1191,5 Tao I Bmms Sans Room Count 5 2 1 5 2 1.1 -2,500 5 2. 2.5 .-7,500 6 3 2.5 -7,500 Gross Livino Area 1,320 s.ft. 1,334 sq.h. 0 1 320 sq.h. 0 1,380 sq.ft. 0 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt Rooms Below Grade Unfinished Family Room -2000 Unfinished Family Room -2000 Functional Utilitv 2 Bedroom 2 Bedroom 2 Bedroom Avera a -2,000 Heating/Cooling FWA/CA FWA/CA FWA/CA FWA/CA Energy Efficient Items None None None None Gara elcar on Offstreet Offstreet Offstreet Offstreet PorchlPatiolDeck Wood Deck Deck/Shed -3,000 SCInP/Shed -3,000 Patio/Fence -3,000 None None None Fireplace -2,000 NetAd'ustmentoral + X - s 12,5001 + X s 15,5001 + X- s 21 500 Adjusted Sale Price NetAdj. -10.6% NetAdj. -13.2% NetAdj. -17.1% of Comparables GrossAd'. 10.6% $ 105500 GrossAd'. 13.2% $ 102100 GmssAd'. 17.1% s 104,500 Summary of sales Comparison Approach of value rancie is 102,000 to$106,000.A closing cost adjustment is not made for comparable #2 since it sold at final list price. The condition adjustments reflect recent upgrades made. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the .final reconciliation.The best available comparable sales were selected and used for this appraisal. COST APPROACH TO VALUE Site Value comments N/A ESTIMATED Ll REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE........................................_$ NIA Source of cost data Dwelling Sq.Ft.(01$ ............=$ 0 Quality rating from cost service Effective date of cost data S.Ft.@$ ............_$ 0 Comments on Cost Approach(gross living area calculations,depreciation,etc. Cast Approach deemed a poor indicator of value. The GaraaelCarport 0 Sq.Ft.@$ ............_$ 0 Estimated Remaining Economic Life- 45 years Total Estimate of Cost-New ............ 0 Less Ph sinal Functional External De reciation =$ 0 Depreciated Cost of imrovements................................=$ 0 "As-is"Value of Site improvements................................=$ INDICATED VALUE BY COST APPROACH...................... =$ 0 INCOMEAPPROACHTOVALUE r - Estimated Monthly Market Rent$ N/A X Gross Rent Multiplier 0.00 =.$ 0 Indicated Value by Income Approach • Summary of Income Approach(including support for market rent and GRM) N/A Indicated Value by: Sales Com arisonApproachs104,000 Cost A roach if developed)$0 IncomeA roach ifdevelo etl$0 The Market Data Anal sis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income Approach was also deemed inappropriate for this analysis. This appraisal is made X"as is," LIsubjectto completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ❑subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the following: The property has been appraised in current condition. This is for the clients use only. Based on the scope of work,assumptions,limiting conditions and appraisers certification,my(our)opinion of the defined value of the real property that is the subject of this report is$ 104,000 asof 12/26/2012 ,which isthe effective date ofthis appraisal. Proamdus�griasofrme,M.M8727 ww.aoeb.mm This form copyright02oosmlgriaDMdonofISOCIW aseMce Im.AMRghtsRemme. �'�/"��'"' Pape 2 of 4 (gPARw)Gemral Pixpow Appr95al Ratan 0512010 ■�KM'y GPARigal,}11a526301a generolpmposcapprnisnlrcpor[ S.W.Barrett Real Estate&Appraisal Services Summary Residential Appraisal Report File No. 140033 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment."In short,scope of work is simply what the appraiser did and did not do during the course oftheassignment.it includes,but is not limitedto:the extent to which the property is identified and inspected,the type and extent of data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are speck to the needs of the client,other identified intended users and to the intended use of the report.This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other speck conditions as are set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility formatters of a legal nature affecting the property appraised or tide thereto,not does the appraiser render any opinion as to the tide,which is assumed to be good and marketable:The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,nor any pan of the content of.this report,copy or other media thereof(including conclusions as to the property value.the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the diem and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,esdmates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no iresoonsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the propertyand should not be considered as such. 8.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive We of field observations of the kind intended to seek and discover property defects.The viewing of the property and Any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment.Statements regarding condition are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or.tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.if negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property Improvement(s)are fundamentally sound and in working order. Any viewing of the property by the appraiser was limited to readily observable areas.Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,door coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs wig be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverageluse. 11.The ACI General Purpose Appraisal Report(GPAR—)is not intended for use in transactions that require a Fannie Mae 1004IFreddie Mac 70 form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions None ft&. .*q AO mft—e00.non1—.0mbmm nb lam Cayr1gh!o700,2010 AO 01v19m dl30 CWM Sentra.1c AN fttft RaeM1 Page 3 0f C (gPAR-)Gererar Pw;xw AppBiS01 ReOpI 0YN10 r(/.{���(�J�{ GPARl 1005262010 V6' Benernl p"ryo9cnOp'n:nlreP� Summary Residential Appraisal Report File No. 14-0033 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are nue and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this repos has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None Definition of Value: XQMarketValue .C]OtherVaiue: Source of Definition:USPAP The most probable price.in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not affected by undue.stimulus. ADDRESS OF THE PROPERTYAPPRAISED: - 126 Virginia Avenue.. Carlisle,PA 17013-1072 _ EFFECTIVE DATE OF THE APPRAISAL:12/26/2012.. - APPRAISED VALUEOFTHE SUBJECT PROPERTY$-104,000 .APPRAISER SUPERVISORY APPRAISER Signature: V��-�C• c_J�� Signature: L)V--17L Name: Stan A.Skowronek Name: Steven.W.Barrett:S SRPA. State Certification# RLD01572L State Certification# GA000298L or License# or License# or Other(describe): State#: State: PA State:PA Expiration Date o1 Certification or License: 06/30/2015 Expiration Date of Certification or License: 06130/2015 Date of Signature: 02/24/2014 Date of Signature and Report: 02/24/2014 Date of Property Viewing: Date of Property Viewing: Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior Only QX Did not personalty view XQinterior and Emrior ❑Exterioronly ❑Did not personally view P ucm using Aa sotcme.000.234.8127%—adib— Ties I—Opoght 020053010 Aa Wsbn W I50 OWM SerW=Inc..AM RIghni Reserve0 P800 0 M O (OPAR"')General PUIproE AppraaBl Report OS'201 GPAR10g6_1g 05262010 general pur apprni-I report S.W.Barrett Real Estate&Appraisal Services Summary USPAP ADDENDUM File No. 14-0033 Borrower: Noll Associates Property Address:126 Virginia Avenue City: Carlisle County: Cumberland State: PA lip Code: 17013-1072 Lender: Irwin&McKnight P.C., Miller Esq Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 days Additional Certifications Q 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 immediately preceding acceptance of this assignment. 0 I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment,Those services are described in the comments below. Additional Comments APPRAISER: SUPERVISORY APPRAISER(on] if required): LJ Signature: Signature: Name: Stan A.Skowronek Name: Steven W.Barrett S SRPA Date Signed: 02124/2014 Date Signed: 02/24/2014 State Certification#: RL001572L State Certification#: GA000288L or State License M or State License M or Other(describe): State#: State: PA 0613012015 State: PA Expiration Date of Certification or License: Expiration Date of Certification or License: 06/3012015 Supervisory Appraiser inspection of Subject Propf: Effective Date of Appraisal:December 26 2012 ®Did Not ❑Exterior-only from street L J Interior and Exterior Pl d..d u*9 ACI W—.M23C0727db... USPS MNT 0106Mi4 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0027 APPRAISAL OF r• ;.mac. LOCATED AT: .36 Courryard.Drive Carlisle,PA 17013-4908 CLIENT: Irwin B McKnight,P;C.;Milier Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012 BY: Stan A.Skowronek PA Certified.Residential Real Estate!Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0027 02/2512014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0027 In accordance with your request, I have appraised the real property at: 36 Courtyard Drive Carlisle,PA 17013-4908 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December26,2012 is: $138,000 One Hundred Thirty-Eight Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Individual Condominium Unit Appraisal Report File No. 14-0027 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Name Irwin&McKnight,P.C. Miller Esq. E-mail N/A Client Address 60 West Pomfret Street city Carlisle state PA Zp 17013 Additional intended users The Intended User of this appraisal report is the Client. No additional intended Users are permitted without the permission of theappraiser(s). Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequate y supported opinion of value. PropenyAddress 36 Courtyard Drive city Carlisle state PA zip 17013-4908 Owner of Public Record Noll Associates county Cumberland Le al Description Deed Book 252 page 562 " Assessor's Parcel# 06-18-1371-002U216 Tax Year 2013 R.E.Taxes$2,555.00 Neighborhood Name COu ards of Carlisle Ma Reference 18-1371 Census Tract 0120.00 Pro a Ri htsA raised X FeeSim le Leasehold Other describe M research did IX I did not reveal—nrior sales or transfers of the sub'ect roe for the three years prior to the effective date of this appraisal. Prior Sale/rransfef: Date 06/07/2002 Price$113,851 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) NO prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables within 12 months of their sale date. Offerings,options and contracts as of the effective date of the appraisal None noted Neigh borhoodCharacteris'cs" .Condominium Unit RdusingTrends. - :Condorn'InfulfwWousigg_. Present,cand Use%'r'•`;,; Location Urban X Suburban I Rurai I Property Values Increasin X Stable Declining PRICE AGE One-Unit 90% Builf-Up IX I Over 75% 1 125-75% 1 JUnder25% I Demancirsupply IShortafte X I In Balance I loversupply $000 s 2-4 Unit 0% Growth LJ Rapid IX I Stable Slow I Marketing Time I JUnder3mths X3-6 mths Ll Over 6 mths 110 Low 5 Multi-Family 0% Neighborhood Boundaries The subject is bounded on the north by Franklin St on the east by 158 High 78 Commercial 10% K St on the south by West St and on the west by H St. 130 Pred. 20 other 0% Neighborhood Description The subject is located Ina medium sized condominium develo ement comprised ofvarying size condominiums. Single family residential attached and detached housing is within its immediate neighborhood with some commercial use nearby. It is within close proximity to ammenities such as schools shopping and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Topography Level to sloping size.T ical.for area Density Medium view Residential Specific Zonin classficaton R-2 tonin Descn tion Medium DensityResidential Zonin Com liance X Le al ]Legal Nonconforming - No ZGnin ]illegal describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes LJNo If No,describe. Utilities .Public . Other tlescribe Public Other describe OH-skelm rovements—T a Publtc Private . Electrici X 100 am Water X street Macadam X Gas 1XI I I Sanitary Sewer 1XI I I Alley None Li Site Comments The subject Improvements are not in a FEMA special flood hazard area per Flood Map a!I42041CO229E/dated 03-16- 2009/Zone X. Data sources for projectinformation Courthouse/Central Penn Multi-List .Pro'ect Descn tion Ll Detached LX1 Row or Townhouse Garden- Mid-Rise Hi h-Rise Other describe General Dekiription ' General Dew nption ' ' '. .'..GeneralMscription . .. . .Ge'ne-ralDescription' Project info" ' s of stories 2 Effective A e 3 Fete for walls Vin/Drvt Ratio s aceslunits Patio #of Units 140 #of Elevators N/A X Exisfin Proosed Roof surface-Com pSh Type Garage/OSP If of Units Completed 1140 Year Built 2001 Under Construction Total#o 2� Guest Parkin Overflow #of Units Rented I Unk Describe the condition of the project and quality of construction. The quality of construction.in Courthouse of Carlisle is average for the area. The project appears to be in good condition and well maintained with privatepatio/deck,storage shed and off street parking or ars a with each unit. Describe the common elements and recreational facilities. Exterior building and rounds-medians and_quest.parking. GENERAL DESCRIPTION.. -.;-"INTERIOR -.. 'niatenals -' ":`AMENITIES. .AP,PLIANCES. : >CARSTORAGE Floor#TWO Floors Vinyl/Drywall X Fire laces# 1 X Rehi erator None #of Levels TWO Walls Drywall Woodstove s# 0 X Ran elOven X Gara a LJCovered Oen HeafinQ Type FWA Fuel Gas Trim/Finish Wood X DecIdPatioPatio X Disp I Microwave #of Cars 1 X Central AC D Individual AC Bath Wainscot Vinyl PorchiBakorry None X Dishwasher I lAssioned Owned Other describe Doors HOIIOw Core Other None wash-In—, Parking Space# Finished area above grade contains: 7 Rooms 3 Bedrooms 2.5 Baths 1.640 Square Feet of Gross Living Area Above Grade Comments on the improvements: Side patio. UNABLE TO PROVIDE REAR PHOTOGRAPH OF SUBJECT SINCE UNIT 213 BACKS UP TO . SUBJECT. par Pm&m0 u5ng ACI s. b— nis Ioa CW#gMO1005-P10AaDMdon d ISO Cl m5eM ,Im,AN Rl"It t. Page 1of4 (ffPARTM)G"rat Pu"%Appraisal,RgT 092010 GPMI073_500525=0 general pu,pass apprsisal rcporc ADDENDUM Client: Irwin&McKnight,P.C.,Miller Esq. File No.: 140027 Property Address: 36 Courtyard Drive Case No.: City: Carlisle State: PA Zip: 17013-4908 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,I have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Individual Condominium Unit Appraisal Report File No. 14-0027 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 Address 36 Courtyard Drive 111 Courtyard Drive 73 Courtyard Drive 49 Courtyard Drive and Carlisle,PA 17013 Carlisle,PA 17013 Carlisle,PA 17013 Carlisle,PA 17013 Unit#216 154 �1211 94 ProjectNameand Courtyards.of Carlisle Courtyards of Carlisle Courtyards of Carlisle Courtyards of Carlisle Phase 4 4 4 4 Proximilyto Subject - : 0.06 miles WNW 0.02 miles WNW 0.00 miles NNW Sale Price $ N/A s 133,000 .,5-137,000- s 133,000 Sale PdcelGross Liv.Area $ 0.00 sq.ft. s 81.10 sq.ft. :.": s 86.06 sq.ft.I- - ' $ 81.10 sq.ft.1 Data Sources Ins "ctiori '-I CPMLS 10193778 CPMLS 10217595 CPMLS 10219172 Verification sources Courthouse. Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .-$Aduamem DESCRIPTION .-SA MM DESCRIPTION -SA uslmem Sale or Financing WA .. ' ' None,Conv None,Cash None,Conv Concessions DOM 848 DOM 140 DOM 73 Date of Sale/rime NIA.'' " 10/12/2012 06/14/2012 06/15/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple HOA Mo.Assessment $118.00 $118.00 $122.00 $118.00 Common Elements Exterior Bldg Exterior Bldg Exterior Bldg Exterior Bldg and Rec.Facilities Grounds Grounds Grounds Grounds Floor Location Two Two Two Two View Residential Residential Residential Residential Desion(Style) Condo Condo Condo Condo Quality of construction Avera a Average Average Average Actual Age 11 Years 7 Years 0 8 Years 0 10 Years 0 Condition Good Good Good Good Above Grade TOW B Bau6 Tee cams effifs Teti B effiI s Taa a Mrs Room Count 7 1 3 1 2.5 6 3 2.5 6 3 2 2 500 6 1 3 1 2.5 Gross Living Area30.00 1,640 sq.ft. 1,640 sq.ft. 0 1 592 sq.n. 01 1,640 sq.ft. 0 . Basement&Finished Slab Slab Slab Slab Rooms Below Grade Functional Utility Average Average. Average Average Heating/CoolingHeating/Cooling FWA/CA FWAICA FWA/CA FWA/CA .Energy Efficient Items None None None None GaragetCarport 1 Car Garage 1 Car Garage None 5,000 1 Car Garage PorchlPatiolDeck Patio Patio Patio Deck 0 1 F/P None 3,000 1 F/P None 3,000 Net Adjustment(Total) X+ S 3 000 X+ s 7,500 X+ s 3,000 Adjusted Sale Price NetAdj: 2.3% Net Adj. 5.5% Net Adj. 2.3% of Comparables GrossAd'. 2.3% s 136 000 GrossAd'. . 5.5% $ 144 500. Gross Adj. 2.3%1$ 136 000 Summary of sales comparison Approach Opinion of value range is$136,000 to$1",500. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the final reconciliation. The best available comparable sales were selected and used for this appraisal. Indicated Value by Sales Comparison Approach$138,000 .INt:OMEAPPROACX TO VALUE Estimated Monthly Market Rent$ N/A X Gross Rent Multiplier 0.00 =$ 0 Indicated Value by Income Approach Summary of Income Approach(including support for market rent and GRM) N/A Indicated Value by: Sales Comparison Aroachs138,000 IncomeA roach ifdevelo etl$0 The Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income Approach was also deemed inappropriate for this analysis. This appraisal is made X"as is; LJ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, 0subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the following: The property has been appraised in current condition. This is for the clients use only. Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subject ofthis report is$ 138,000 as of 12/2612012 ,which is the effective date of this appraisal. Pm8ua8 using ACI sehwve,800.2318777 vw Chwbsom TMs form cowght a 2005.2010 Ao DF"w of iso Gloms servim lne.M RIgh%Resave0. PaP M 4 (gPAR-)Gen W Papose Apprffisal Regxr 0512010 rBJ���rpp']� GPM1073_3005252010 @�' genernlpurpaseapprnisnl report S.W.Barrett Real Estate&Appraisal Services Summary Ind ividual.Condominium Unit Appraisal Report File No. 140027 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment"In short,scope of work is simply what'the appraiser did and did not do during the course of the assignment.it includes,but is not limited to:the extent to which the property is Identified and inspected,the type and extent of data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are speck to the needs of the client,other identified intended users and to the intended use of the report This report was prepared for the sole and exclusive use of the client and other identified intend"users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report.- The appraisers certification appearing In this appraisal report is subject to the following conditions and.to such other specific conditions as are set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or fide thereto,not does the appraiser render any opinion as to the title,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,not any part of the content of this report,copy or other media thereof(induding conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal repon unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained hom sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the property and should not be considered as such. 8.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive We of field observations of theldrid intended to seek and discover property defects.The viewing of the property and any improvements is for purposes of developing-an opinion of the defined value of the property,given the intended use of thisassignmea Statements regarding condition are based on surtace observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problem's,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated'or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presence/absence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property improvement(s)are fundamentally sound and in working order. Any viewing of the property by the appraiser was limited to readily observable areas.Unless otherwise noted,atfics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals imrolving hypothetical conditions related to completion of new construction,repairs of alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coveragefuse. 11.The ACI General Purpose Appraisal Report(GPAR—)is not intended for use in transactions that require a Fannie Mae 1073/Freddie Mac 465 form, also known as the Individual Condominium Unit Appraisal Report(Condo). _Additional Comments Related To Scope Of Wo*,Assumptions and Limiting Conditions None P.&-d u*V Aa sol—eao.zu.am rrmr,edit— TNS Idm GdPJ"O two ono ACI Wsimd ISO ndlns S&*M 4K„AN%10 Resnred. �"' Pape 3or4 (IFAR�")GmEJPurpose Appreael RePon OYMIO GPAR1 acnaalp",pmanPPrnlnelreport 013_I0 05751010 Summary Individual Condominium Unit Appraisal Report File No. 14-0027 Appraiser's Certification The appraisers)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not confingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. B.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None Definition of Value: XOMarketValue -OOtherValue: Source of Definition:USPAP. The most probable price in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,.the buyer and seller,each acting prudently,knowledgeably and.assuming the price is not affected by undue.stimulus. ' ADDRESS OF THE PROPERTYAPPRAISED: - - - - 36 Courtyard.Drive Carlisle:PA 17013-4908 EFFECTIVE DATE OFTHE APPRAISAL:12/26/2012 .. - APPRAISED VALUE OF THE SUB.IECT'PROPERTY$138,000 - APPRAISER - - SUPERVISORY APPRAISER - - Signature: �.�f(�;..�Q[ka3Ta+ll� Signature. Name: Stan A.Skowronek Name: Steven.W.Barrett,SRA..SRPA State Certification# RL001572L State Certification# GA000298L or License If or License# or Other(describe); State#: state:.PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Date of Signature: 02125/2014 Date of Signature and Report: 02/25/2014 Date of Property Viewing: Date of Property Viewing: 02122/2014 Degree of property viewing: Degree of property viewing: 0 Interior and Exterior ❑Exterior Only XQ Did not personally view XO interior and Exterior ❑Exterior Only ❑Did not personallywew s Produced using Act sa�,800.20.8727 wxx dmbmm 70h form Copyighl O 2 MIO O not IS0M SeMM Inc.,M Mghts RMWg. ��" P 4 M d upm AgpreiSel R M 05=0 GPAR1073_10052SM10 generalpurposcappra%alreporc S.W.Barrett Real Estate.&Appraisal.Services Summary USPA P ADDENDUM File No. 14-0027 Borrower: Noll Associates Property Address:36 Courtyard Drive City: Carlisle County: Cumberland State: PA Zip Code: 17013-4908 Lender: Irwin&McKnight,P.C.,Miller Esq. Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 days Additional Certifications Q 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 immediately preceding acceptance of this assignment. I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: SUPERVISORY APPRAISER(onI Cifrequired): Signature: Signature. ✓ �V Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/25/2014 Date Signed: 02/25/2014 State Certification#: RL001672L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Supervisory Appraiser inspection of Subject Properly: Effective Date of Appraisal:December 26,2012 a)Did Not ❑Exterior-only from street ❑Interior and Exterior PMOdusag ACI sDW—800.234.8727 www.meb— USPS 14MU1OW14 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.140035 APPRAISAL OF LOCATED AT: 901 Newville Road Carlisle,PA 17013-1736 CLIENT: Irwin&'McKnight;P.C.,Miller'Esq. 60 Wesf Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012 BY:. Stan A.:8kowrortek PA Certified Residential Real EstatdAppraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0035 0212612014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0035 In accordance with your request, I have appraised the real property at: 901 Newville Road Carlisle,PA 17013-1736 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December 26,2012 is: $132,000 One hundred Thirty-Two Thousand Dollar The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value,descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 14-0035 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Name/Intended User Irwin&McKnight,P.C. Miller Esq. E-mail N/A Client Address 60 West Pomfret Street city Carlisle state PA zjp 17013 Additional Intended users The Intended User of this appraisal re ort is the Client. No additional intended Users are permitted without the permission of theappraiser(s). Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequately supported opinion of value. PropertyAddress 901 NevIville Road city Carlisle State PA Zip 17013-1736 Owner of Public Record Nell Associates County Cumberland Legal Description Deed Book 31A pane 670 " Assessor's Parcel# 29-20-1794-022 Tax Year 2013 R.E.Taxes$2,300.00 Neighborhood Name Eckels Park map Reference 20-1794 Census Tract 0119.01 Pro a Ri htsA raised X Fee Simple Leasehold Other describe My research Udid X did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Prior SalerFransfer: Date 12/14/1984 Price$67,500 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) No prior transfers Of the subject within the past 36 months nor were there any prior transfers of the comparables within 12 months of their sale date. Offerings,options and contracts as of the effective date of the appraisal None .Neighborhood-dharacterisdts _ One-UnitHousingTrends. One-UnItHousing'' Present Land.USe%:. Location urban X Suburban IRural I Pro a values I Increasin X Stable Declining PRICE AGE One-Unit 90% Buill-Up X Over 75% 25-75% 1 Junder25% I Demand/Supply Shortage X I In Balance Over Su $000 (Yrs) 2.4 Unit 0% Growth I lRapid X Stable LJ Slow I Marketing Time LjUnder3mths X 3.6 mths LjOver6mths 120 Low 20 Multi-Family 0% Neighborhood Boundaries The subject is bounded on the north by Newville Rd on the east by 200 High 100 commercial 5% Orange St on the south by Ritner Hwy and on the west by Greason Rd. 150 Pred. 50 Other Vac 5% Neighborhood Description The subject is located along a major route between Carlisle Newville and Shippensbura and is comprised ' of single family and attached residential housing of varying size,style,age and quality. Some commercial use is within the subject's immediate neighborhood. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 160x237.3x160.2x240.50 Area.88 ac Shape Rectangular View Stora a Units Specific Zonin Classification M H D Zonin Descri tion.Medium to Hi h Densi Residential Zonin Com fiance X Le al Le al NonconformingGrandfathered Use No Zonin Ille al describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use; X Yes LJNo If No,describe. .Utilities Public Other describe Public Other describe off-site improvements—Type Public Private Electricity X Water X Street Macadam X Gas I I I I None Sanitary Sewer X' Septic Alle None site comments Private sanitary systems are common to the area and have.no adverse affect upon marketability. The subject improvements are not in a FEMA special flood hazard area per Flood Map#42041CO229Eldated 03-16-2009/Zone X. GENERAL DESCRIPTION.' .: FOUNDATION EXTERIOR DESCRIPTION: materials INTERIOR'. 'materials': Units X One OnewlAcc.unh Concrete Slab X Crawl S ace Foundation Walls Stone/Ava Floors Cr t/Vin I/AV #of Stories 1 Full Basement X Partial Basement Exterior Walls Alluminum/Ava walls Drywall/Avg T e X Det. [ JAtL S-DetJEndunit Basement Area 600 sq.ft. Roof Surface Com OSh le/AV Trim/Finish Wood/AV [XJExisfina t 1proposed I lunderconst. Basement Finish 0% Gutters&Downs outs Alluminum/Avg Bath Floor Vinyl/Avg Design(Style)One Story X Outside Ent [Exit I JSumpPumpWindow Type Wood Frame/AyBath wainscot D all/Av Year Built 1941 Storm Sashlinsulated Thermal/Avg Car Stora a None Effective A e(yrs)20 Screens Yes/Ava of Cars 2 Attic None Heating FWA X HW- Radiant Amenities WoodStove s#0 Driveway Surface Macadam Drop Stair IX I Stairs I Other I Fuel Oil -. Flre laces#_0 Fence None X Gara a #of Cars 2 Floor Scuttle Coolin -J Central Air Conditioning X Patio/Deck-Patio X Porch COv'd WCarport #of Cars 0 X Rnished Heated Indivdual Other Pool None X Other Pavilion if JAR. JXJDet. Built-in A liances X Rehi emtnr X Ran elOven X Dishwasher Dis—sal Microwave I ]WasherlDrver I 10ther(clescribe) Finished area above grade contains: 4 Rooms 2 Bedrooms 1 Baths 1,114 Square Feet of Gross Living Area Above Grade Additional Features Front covered porch. Rear patio. Covered pavilion. Detached garage.Approximately 60%of the attic is finished-however,it does not have direct heating and is not included in the subject's GLA. Comments on the Improvements Improvements are in average condition with no physical inadequacies noted. A functional inadequacy exists in the two bedroom floor Ian. pa�,,� Produced ang ACI mhwere a00.M8727 Wx dvA.= TNS Conn CoWghl o 2005.2010 ACI MrWon of ISO ptim55enim,ft.AN Rights Rend. Page 1 of 4 (gPAR-)General Rpm AppraiS11 RB00n 0592010 GPAl11 1005262010 generalpurposc:ippraix�lreporc ADDENDUM Client Irwin 8 McKnight PC Miller Esq File No.: 140035 Property Address: 901 Newville Road Case No.: City: Carlisle State: PA Zip: 17013-1736 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,I have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market In the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. I Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0035 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 901 Newville Road 1118 Newville Road 2092 Newville Road 1194 Newville Road Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 ProAmity toSub'ect 0.45 miles W _ 4.23 miles W 0.95 miles W Sale Price $ S 134 000 $ 140 000 S 145,000 Sale PdcelGross Liv.Area $ 0.00 .ff. $ 124.07 .ft. S 125.00 .h. $ 136.28 sq.iL Data Sources fns ction• CPMLS 10225527 CPMLS 10217803 CPMLS 10220492 Verification Sources Courthouse Courthouse I Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION -$Ada9aea DESCRIPTION 41.)SACIVOrant DESCRIPTION -s A4.WM Sale or Financing N/A' $4,900 Cl.Csts 0 $4,245 Cl.Csts 0 None,Conv Concessions FHA DOM 38 Other DOM 134 DOM 106 Date of Salerrme N/A 10/16/2012 07124/2012 08/27/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Sim le Fee Simple Fee Simple Fee Simple Site .88 ac .54 ac 1,700 .53 ac 1.750 .44 ac 2,200 View Storage Units Residential 0 Residential 0 Storage Units Design(Style) 1 Story 1 Story 1 Story 1 Story Quality ofComgruction Average/Alum Average/Alum .Avera a/Brick -3000 Av /BrkVin -11500 Actual Age 73 Years 84 Years 0 58 Years 0 156 Years 0 Condition Averacte GoodlAvera a -5,000 Averacie GoodlAvera a -5,000 Above Grade Tam I B&A sada Tool sods Taal'B a1M Tow 8ftJ Barts • Room Count 4 2 1 5 2 1 6 3. 1 4 2 1 1.1 -2,500 Gross Living kea30.00 1 114 sq.h. 1,080 sq.A. 0 1,120 sq.ft. 0 1,064 sq.it 0 Basement&Finished Partial Bsmt Full B6mt 0 Full Bsmt 0 Full Bsmt 0 • Rooms Below Grade Unfinished. Unfinished Unfinished Unfinished Functional UblitV 2 Bedroom 2 Bedroom. Avera a -2.00012 Bedroom Heatin Coolin HWBB/None FWA/CA -3.000 FWA/None 0 FWA/CA -3,000 Energy Efficient items None None None. None Garalie/Carplon 2 Car Garage 2 Car Garage 2 Car Garage 2CarGar11 CCrpt -1,000 PorchiPatiolMeck Porch/Ptio/Pavi. Porch/Deck 0 EnclPorch/Fns 0 Sun orch -2,000 Net Adjustment ota + X - Is 6,3001 + X • Is 3,250 1 1+ . 1xJ- Is 12,800 Adjusted Sale PdCe '. Net Adj. 4.7%1Net Adj. -2.3%1Net Adj. -8.8% of Comparables GromAdl. 7.2% $ 127,700 GrossAd.. 4.8% .t 136 750 Gross Ad. 11.9% $ 132 200 Summary of sales Comparison Aroach Opinion of value ran a is.$128 OOO.to$137,001 Closing cost adjustments are not made for comparable#'s 1&2 since they sold.at or below the final list price. The surplus acreage adjustments are made at$5,000 per acre. The condition adjustments for comparable#'s 1&3 reflects recent upgradesand renovations. All.of the sales are closed transactions as of the date utilized. All comparable sales are considered'equal indicators of value and weighed equally in the final reconciliation.The best available comparable sales were selected and used for this appraisal. COST APPROACH TO VALUE"�': ';':'. .'-'. •. . . . . ,. . .. . . . . . . . ... -. . Site Value Comments N/A ESTIMATED LJ REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE........................................=$ N/A Source of cost data Dwelling --Sq.Ft.@$ ............=$ 0 Ouality rating from cost service Effective date of cost data Sq.Ft.@$ ............=$ 0 Comments on Cost Approach(gross thing area calculations depreciation,etc. Cost Approach deemed a poor indicator of value. The Garage/Carport 0 sq.Ft.@$ ...........=$ 0 • Estimated Remainina Economic Life-40 years Total Estimate of Cost-New ............=$ 0 Less Physical Functional Extemal Depreciation =$( 0 Depreciated Cost of Improvements.......................:........=$ 0 'As-is"Value of Site improvements................................=$ INDICATED VALUE BY COST APPROACH....................... _$ N/A INC0b1EAP0R6ACN TOVALIIE`:'...;.; :.• ,.:- � : ," .''--' Estimated Monthly Market Rent$ N/A X Gross Rent Multiplier, 0.00 =$ 0 Indicated Value by Income Approach • Summary of Income Approach(including suppon for market rent and GRM) N/A Indicated Value : Sales Comparison Aroachs 132,000 Cost Approach ofdevelo 5 N/A Income Approach ifdevelo ed$0 The Market Data Analysis su orts my opinion of value for the sub ect. :The Cost Approach was not deemed an appropriate Indicator of value and therefore was not included herein.The income Approach was also deemed Inappropriate for this • analysis. This appraisal is made X-as is; LJ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ❑subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the following: • The property has been appraised in current condition. This is for the clients use only, Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subject of this report is$ 132,000 as of 12/26/2012 ,which is the effective date of this appraisal. P.&.d uup Aa sob—e00.M11727,mw.de— Tmtam*W"a 20052010 Act UV M a iso sum SIM=mn,N Rglm RMr d. Pepe 2 a 4 (BAR"')General Pupme Appraaa REuar 052010 K Audi, GPARI 10MM2010 gencrol purposenppreisolrcpar[ S.W.Barrett Real Estate&Appraisal Services Summary Residential Appraisal Report File No. 140035 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment"In short;'scope of work Is simply.what the appraiser did and did not do during the course of the assignment.ttincludes,but isnot limitedto:the extent to which the property is identified and inspected,the type and extent of data researched,the type And extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other identified intended users and to the intended use of the report This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified Intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the report.All extraordinay assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or title thereto,nor does the appraiser render any opinion as to the title,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,nor any part of the content of this report,copy or other media thereof(including conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this report,not shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,esdmates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that-there are no hidden or unapparent'conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering ortesting,which thight be required to discover such factors.This appraisal is not an environmental assessment of the property and should not be considered as such. 8.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects.The viewing of the property and arty improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment.Statements regarding condition are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presence/absence of defects.The diem is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property improvement(s)are fundamentally sound and in working order. Any viewing of the property by the,appraiser was limited to readily observable areas:Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairswill be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are tot valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverageluse. M The AC!General Purpose Appraisal Repon(GPA.R—)Is.not Intended for use in transactions that require a Fannie Mae 10041FreddieMac 70form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work Assumptions and Limiting Conditions None "' vm&=d�m nctPte.=. tAW naw.edebs rftf—oWr"o 3ooimlo AO Mi soMtm me.Oil"aemrcd. 3 of P` rxrmto �caiaia�osudmto �peralp„�,osenyprnisnlrcpmt - Summary Residential Appraisal Report File No. 14-0035 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,.and conclusions are.limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased, professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this repos and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None Definition of Value:. )Market Value ❑Other Value: Source of Definition:USPAP The most probable price.in terms of money which.aproperty should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting.prudentiy,knowledgeably and:assuming the price is not affected by undue.stimulus. ADDRESS OF THE PROPERTY APPRAISED: 901 Newville Road Carlisle;PA 170134736 EFFECTIVE DATE OFTHE.APPRAISAL'-12/26/2012.'.- APPRAISEDVALUE OFTHE SUBJECTPROPERTY$.132,000'. - - - - .APPRAISER SUPERVISORY APPRAISER- Signature: G' �IJO r Signature'— � Name: Stan A.,Skowronek Name:' Steven.W.Barrett,SRA.SRPA State Cerdrabon# RLOO1512L State Cerfification# GA000298L or License# or License# or Other(describe): State#: State: PA State:PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Date of Signature: 02/26/2014 Date of Signature and Report: 02126/2014 Date of Property.Viewing: Date of Property Viewing: 02/22/2014 Degree of property viewing: Degree of property viewing: - . ❑Interior and Exterior p Exterior Only X❑Did not personallyview X❑Interior and Exterior ❑Exterior Only Did not personallyview gmr- Pm4U0¢O USMg ACI soft m.800.234.0727 vraw dwb.= TM loon Copyllghl 02005-2010 ACI Dh'1 of ISO OWM Smi—'I-.An r4-Reserve6 Page 4014 (SPAR^')General PupbSe Appraisal r 05201 GPARI 1005262010 gencoalpu p.—pprWl.1-p— S.W.Barrett Real Estate&Appraisal Services Summary USPAP ADDENDUM File No. 14-0035 Borrower: Noll Associates Property Address:901 Newville Road City: Carlisle County: Cumberland State: PA Zip Code: 17013-1736 Lender: Irwin&McKnight P.C. Miller Esq. Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 Additional Certifications Qx 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 immediately preceding acceptance of this assignment. I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: SUPERVISORY APPRAISER(onlyif required): Signature: �a Signature: � li "'——'-11 Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/26/2014 Date Signed: 02126/2014 State Certification#: RL001572L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Ell Appraiser inspection of Subject Prop: Effective Date of Appraisal:December 26,2012 Did Not ❑Exterior-only from street Interior and Exterior aramrced uAVAC1 oftODD.234,e727 wx dwee.= USPAP 14Nf 0102014 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0032 f APPRAISAL OF LOCATED AT: 1878 Douglas Drive Carlisle,PA 170134623 CLIENT: Irwin&McKnight,P:C.i Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012. BY: Stan A.Skowronek PA Certified Residential Real Estate Appraiser �w4 =lt �l i' S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0032 02/18/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0032 Dear Attorney Miller: In accordance with your request, I have appraised the real property at: 1878 Douglas Drive Carlisle,PA 17013-4623 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December 26,2012 is: $115,000 One Hundred Fifteen Thousand Dollafs The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 14-0032 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Name/Intended User Irwin&McKnight,P.C. Miller Esq. E-mail N/A Client Address 60 West Pomfret Street city Carlisle state PA zip 17013 Additional Intended Users The Intended User of this appraisal report is the Client. No additional intended Users are permitted without the permission of thea raisers. Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequately supported opinion of value. PropenyAddress 1878 Douglas Drive city Carlisle state PA zip 17013-4623 Owner of Public Record Noll Associates _ County Cumberland Legal Description P/O Deed Book 251 page 1689 " Assessor's Parcel# 29-16-1094-371 Tax Year 2012 R.E.Taxes$1,803.00 Nei hborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Property Rights Araised [XI Fee Simple LjLeaseholdTOther describe M research I Idid IX I did not reveal a rior sales or transfers of the subject roe for the three years prior to the effective date of this appraisal. Prior Salelt ranter: Date 04/2212002 Price P/O$310,000 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) NO prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables;within 12 months of their sale date. Offerings,options and contracts as of the effective date of the appraisal None noted , ..'. .:N2lphborhdod Charaete[Istles: "��'.-�:. � `_;.: "�.-. . � One-UnftHouSing Trends� OnezlinlFHousnp RtesenCLanituse -Location UrbanX Suburban Rural Property values Increasing X Stable Declining PRICE AGE One-Unit 82% Built-Up X Over 75% 1 25.75% Under 25% Demand/supply Demand/supplyShortage XJ In Balance Over supply $000 s 2-4 Unit 0% Growth I JRapid I X I Stable I ISlow Marketing Time LJ Under 3 mths IX 3-6 mths I lOver6mths 110 Low 20 Multi-Family0% Neighborhood Boundaries The subject is bounded on the north by Faith Cr on the eastt-b 250 High 100 commercial 3% Spring Rd on the south by Pheasant Dr.Sand on the west by Douglas Dr. 130 Pred. 40 Other Vac 15% Neighborhood Description The subject is located in an established residential subdivision amongst homes of varyina size,style and quality. It is within close proximity to ammenities such as schools shopping and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 137.63x22x136.75x22.018 Area 3018 Shape Rectangular view Residential Specific ZoninClassification MHD zoningDescri tion Medium to Hi h Densit Residential Zoning Com liance X L al Legal NonconformingGrandfathered Use No Zonin Ille aldescribe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes LJNo If No,describe. Utilities Public Other describe Public Other describe off-site lm rovements—T a Public Private ElectricityX water 1XI I Street Macadam 1XJ Gas None Sanitary Sewer 1XI I I Alley None Ll Site comments There are no apparent adverse easements encroachments or other adverse condition. The subject improvements are not in a FEMA special flood hazard area per Flood Map#42041CO231E/Dated 03-06-2009/Zone X. GENERAL DESCRIPTION.` ' `FOUNDATION - EXTERIOR DESCRIPT!ON.:: materials _:INTERIOR" - ,:matedals` Units 1XIOne Onew/Aoc.urfit I I Concrete Slab - Crawl S ace Foundation Walls Conc l3lk/AvQ Floors C thin /Gd #o1 Stories 2 X Full Basement I IPartial Basement Exterior Walls BricklVin I/Av Walls Drywall/Avg T e Det. X Att. S-DetJEndUnit Basement Area 660 sq.ft. Roof Surface Com OSh le/Av Trim/Finish Wood/Good X ExistinI 1proDosed I lunderconst. Basement Finish 0% Gutters&Downs outs Aluminum/Avg Bath Floor Vin /Good Design(Stye)Townhouse outside En /Exit I 1SumPPumpwindow Type Double Huna/Aya Hun /AyBath Wainscot D all/Av Year Built 1988 Storm Sashlinsulated Thermal/Avg car Storage [XI None Effective AgeNis)15 Screens Yes/Avg Drweway #of cars 2 Attic I None Heatin X FWA HW Radiant Amenities WoodStove s#0 DrivewaySurface Mac/Off Street Dro Stair Stairs . OtherI Fuel Elect Fire laces#0 Fence None Gara e #of Cars Floor X ScuWe Coolin X Cenbal Air i idonin X Patio/Deck Deck Porch None Car ort #of Cars Finished Heated Individual 011ier Pool None Other None Att. Det. Built-in Amnliances X Refi erator X Ran cloven X Dishwasher X Dis osal Microwave WasherlD erLl Other describe Finished area above grade contains: 5 Rooms 3 Bedrooms 1.5 Bath(s) 1,320 Square Feet of Gross Living Area Above Grade Additional Features Rear wood deck. Two paved off street parking spaces per townhouse. Comments on the Improvements Improvements are in avers e/ ood condition with no physical or functional inadequacies noted. �TM Pmdumd using AM same.900.234.8)2]mww a eb. Tis tonnCopydpin 0200&2MO ACI I)Ww of Iso Oelms SenimS.Inc.M Rxghtt Reserved. Page 1 of 4 (gPAR-)General Purixse Arr%:S l RepM M=0 GPAR1oo6_1005262010 general p,xpose appraiseI report ADDENDUM Client: Irwin&McKnight,P.C.,Miller Esq. File No.: 140032 Property Address: 1878 Douglas Drive Case No.: City: Carlisle State: PA Zip: 17013-4623 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,I have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0032 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 1878 Douglas Drive 1674 Douglas Drive 1214 Pheasant Drive S. 152 Faith Circle Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 ProAmily to Subject 0.22 miles S 0.23 miles SSE 1.32 miles NNE _ Sale Price $ Is 126,000 $ 117,600 $ 127,000 Sale PricelGross Liv.Area $ 0.00 sq.ft. $ 91.30 s.ft. $ 89.09 s.ft. $ 98.60 .ft. . Data Sources linsiplectiton Courthouse Courthouse Courthouse Verification Sources Courthouse CPMLS CPMLS CPMLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .r-)sA uamea DESCRIPTION .(-SA avmen DESCRIPTION +-)s A4UWMr1 Sale or Financing N/A`, None,Conv $3,000 Cl.Csts 0 $6,350 Cl.Csts 0 Concessions DOM 54 FHA DOM 123 Other DOM 23 Date of Sale/rime N/A 02/29/2012 06128/2012 08/03/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 3018 sf 2614 sf 0 2614 sf 0 10019 sf 0 View Residential Residential Residential Residential Design s a Townhouse Townhouse Townhouse Townhouse Quality of Construction Average Average Average Average • Actual Age 26 Years 35 Years 0 35 Years 0 38 Years 0 Condition Av /Good AV 00 1 Av Good Av /Good Above Grade Taa cams Marts -111 Ildrirl Bah. Tdla Ba hG Toa a earns • Room Count 5 3 1.5 6 3 2.5 _5,000 5 12 1 2.5 -5,000 6 3 1.5 0 Gross LivinaArea30.00 1,320 sq.ft. 1,380 sq.ft. 0 1,320 sq.ft. 0 1,288 sq.ft. 0 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt • Rooms Below Grade Unfinished Familv Room -2000 Unfinished Family Room -2000 Functional Utility Avera a Average 2 Bedroom 2,000 Average Heating/Cooling FWA/CA FWA/CA FWA/CA FWA/CA Energy Efficient Items None None None None Garage/Carport Offstreet Offstreet Offstreet Offstreet Porch/Patio/Deck Wood Deck Patio/Fence -3,000 ScinP/Shed -3,000 Deck/Ptio/Shed -5,000 None Fireplace -2,000 None Fireplace -2,000 Net Adjustment(Total) + X- $ 12,0 + X• $ 6 000 + 1x1- Is 9,000 Adjusted Sale Price Net Adj. -9.5% [Net Adj. -5.1% NetAdj. -7.1%of Com arables rI—a' 95% $ 114 000rossAd'. 8.5% $ 111,600 GrossAd'. 7.1%1$ 118,000 Summary of Sales Comparison Approach opinion of value ran-e is$111,000 to$118,000.Closing cost ad-ustments are not made for comparable#'s 2&3 since they sold at or below final list price. All the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and wei hed.equally in the final reconciliation. The best available comparable sales were selected and used for this appraisal. COST APPROACH TO VALUE - Site value Comments N/A ESTIMATED REPRODUCTION OR LJ REPLACEMENT COST NEW OPINION OF SITE VALUE........... ..... N/A Source of cost data Dwelling Sq.Ft.@$ ............_$ 0 Duality ratma from cost service Effective date of cost data Sq.Ft.@$ ............_$ 0 Comments on Cost Approach(gross living area calculations,de red on,etc. Cost Approach deemed a Door indicator of value. The Garage/Carport, 0 Sq.Fl.@$ ............=$ 0 • Estimated Remaining Economic Life-45 years Total Estimate of Cost-New I..........._$ 0 Less Physical Functional External Depreciation =$ 0 Depreciated Cost of improvements................................=$ 0 "As-is"Value of Site improvements...........I..........I.........=$ INDICATED VALUE BY COST APPROACH...................... =$ NIA INCOMEAP14R6ACHTOVALUE7 - Estimated Monthly Market Rent$ N/A x Gross Rent Multiplier N/A =$ N/A Indicated Value by Inco meApproach • Summary of Income Approach(including support for market rent and GRM) N/A Indicated Value by: Sales Comparison Aroach$115,000 Cost Approach If developed)S N/A Income Approach if developed)$N/A The Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income Approach was also deemed inappropriate for this • analysis. This appraisal is made X"as is,^ LJ 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 the following: • The vrODerty has been appraised in current condition. This is for the clients use only. Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subject of this report is$ 115,000 as of 12/26/2012 ,which is the effective date of this appraisal. Pmdumd umir ACI wtt—.610.234.8727—ad-b— T sfarmO"vn O2W5-N10 Aa 0,YNon of ISO owns seMm,Inc..At Pophm Reserved. Pape 2 a 4 (;PAR^')G—aI PuTm Appraise Repan 05 010 gnaGPARIOOd_10 05262010 aencealPu,�e.PP....ulcePnrc S.W.Barrett Real Estate&Appraisal Services Summary Residential Appraisal Report File No. 140032 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment:"In short;'scope of work is simply what the appraiser did and did not do during the course of the assignment hIncludes,but isnot limkedto:the extenttoWhich the prooertyisidentified and inspected,the type and extent of data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are speck to the needs of the client,other Identified intended users and to the intended use of the report This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser In the report.Ali extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or fide thereto,not does the appraiser render any opinion as to the fide,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,nor any part of the content of this repor4 copy or other media thereof(including conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connecter),shall be used;or any purposes by anyone but the client and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be we and correct. However,mo responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the property and should not be considered as such. B.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects-The viewing of the property and arty improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment:Statements regarding condition are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not fimited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property Improvement(s)are fundamentally sound and in working order. .Any viewing of the property by the appraiser was limited toreadily observable areas.Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals invoMng hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of thisappraisal specificalty includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverageluse. 11 The ACI General Purpose Appraisal Report(GPAR-)is not intended for use in.transactlons that require a Fannie Mae 1004/Freddie Mac 70 form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions None Prado d,.IgAa SWO WO 2X8n?wxx.eO�S.A.tan THS rem Copoght 020452010 aHYm b ISG a*n Senwes.VK.N RIOW R-1K -Page 3 014 OPAR"')Gererel P.P.ApprffiSal RePV 052030 GPAR1aW_100526a110 9enemlpurposcapprni5nl,epor[ Summary Residential Appraisal Report File No. 14-0032 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the partes involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the rause of the.client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. B.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None Definition of Value: XQMarketValue QOtherValue: Source of Definition:USPAP. The most probable price in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,.the buyer and seller,each acting prudently,knowledgeably and:assuming the price is not affected by undue stimulus. ADDRESS OF THE PROPERTY APPRAISED: 1678-Douglas Drive Carlisle,PA 17013-4623 EFFECTIVE DATE OF THE APPRAISAL:12/26/2012 APPRAISED VALUE OF THE SUBJECT PROPERTY$115,000 APPRAISER SUPERVISORY APPRAISER Signature: � �. Signature:. ! / Name: Stan A.Skowronek Name: Steven W:Barrett,SRA,SRPA State Certification# RLOO1572L State Certificafion# GA0002981- or License# or License# or Other(describe): State#: State: PA state:PA Expiration Date of Certficabon or License: 06/30/2015 Expiration Date of Certficadon or License: 06/30/2015 Date of Signature: 02/18/2014 Date of Signature and Report: 02/18/2014 Date of Property Viewing: Date of Property Viewing: 02/13/2014 Degree.of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior Only XO Did not personally view XQInterior and Exterior ❑Exterior Only ❑Did not personally view Prod, using ACI oft—,a 00.204.9727 xwx.eW2E.mm This form CoWght O 20052010 Act Wdm of 150 CIWM ser iw;Inc,AN RIft Reserved, Page 4 of 4 (gPARTM)General Purpwe Appraisal Report gnRr- GPAR1004_10012a2010 geveretporpnseepprnisal,ep— - S.W.Barrett Real Estate&Appraisal Services Summary USPAP ADDENDUM File No. 14-0032 Borrower: Noll Associates Property Address:1878 Douglas Drive City: Carlisle County: Cumberland State: PA Zip Code: 17013-4623 Lender: Irwin&McKnight P.C.,Miller Esq. Reasonable Exposure Time My opinion of a reasonab!e exposure time for the subject property at the market value stated in this report is:90-180 days Additional Certifications x01 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 immediately preceding acceptance of this assignment. 01 HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: SUPERVISORY APPRAISER(only if required): Signature: u(�. t Signature: S_—�z—Lt) ' , Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/18/2014 Date Signed: 02/18/2014 State Certification#: RL001572L State Certification#: GA000298L or State License M or State License M or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Suul�ervisory Appraiser inspection of Subject Pro pe : Effective Date of Appraisal:December 26,2012 X Did Not ❑Exterior-only from street Interior and Exterior Ro&wduMV Ad ob—800.234.e727 wxw=K*b.= USPS 1MT01062014 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.140031 APPRAISAL OF � �.. LOCATED AT: 1873 Douglas Drive Carlisle,PA 17013-4612 CLIENT: Irwin&McKnight,P.C.;Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December.26,2012 BY: Stan A.Skowronek PA Certified Residential.Real Estate Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0031 02/24/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0031 In accordance with your request,1 have appraised the real property at: 1873 Douglas Drive Carlisle,PA 17013-4612 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the defined value of the property as of December 26,2012 is: $115,000 One Hundred Fifteen Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value,descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted IESa • c ASR�"t — Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report Fife No. 140031 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. ClientNamelIntended User Irwin&McKnight,P.C. Miller Esq. E-mail NIA Client address 60 West Pomfret Street city Carlisle state PA 7jp 17013 Additional Intended users The Intended User of this appraisal report is the Client. No additional intended Users are Permitted without the permission of theappraiser(s). Intended use The intended Use is to evaluate the property that is the sub ect of this appraisal to provide the Client with an accurate and adequately supported opinion of value. Property Address 1873 Douglas Drive city Carlisle state PA zip 17013-4612 Owner of Public Record Noll Associates county Cumberland Legal Description P/O Deed Book 251 page 1689 " Assessors Parcel# 29-16-1094360 Tax Year 2013 R.E.taxes s 1,795.00 Neighborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Pro Ri his A rased X Fee Sim le Leasehold. Other describe M research did LJ did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Prior salerrianSter. Date 04/22/2002 Price P/O$310,000 sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable} N6 prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables within 12 months of their sale date. Offerings,options and contracts as of the effective date of the appraisal None noted : Nelphborhood cltataetedstirs '. one-Unit Nousinp Trends,. ..' - .• ... -.::. O,ne-Unit HOUSinp'.. ..Present Lerid Use.%, ... Location lUrban " X Suburban Rural Properly values I increasi X]Stobie I Declining PRICE AGE One-Unit 82% Bu -Up X Over 75% 25-75% Under 25% DemandiSuppty Shorta e X In Balance I Over su $(000) (yrs) 24 Unit 0% Growth Rapid X Stable Slow marketing Time Under 3 mths X 3.6 mths LJ Over 6 mths 110 Low 20 Multi-rami 0% Neighborhood Boundaries The sub ect is bounded on the north by Faith Cr on the east by 250 High 100 Commercial 3% S rin Rd on the scuth by Pheasant Dr.S and on the west by Douglas Dr. 130 Prod, 40 Other Vac 15% Neighborhood Description The sub ect is located in an established residential subdivision amongst homes of varying size style and quality. It is within close proximity to ammenities such as schools shopping and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 145.97x22.018x146.86x22 Area 3221 shape Rectangular view Residential s ecific Zonin Classification MHD tonin Description Medium to Hi h Densit Zonin Gom lance X Le Le ai Nonconformin Grandfathered Use No Zonm Ine al describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes ONO d No,describe. Utilftfes Public Other describe Public Omer describe Off-sitelm rovements—T a Public Private Efechici X water 1XI street Macadam Gas None Sanitary Sewer X I I I Ailey, None site comments There are no apparent adverse easements encroachments or other adverse condition. The subject improvements are not in a FEMA special flood hazard area per Flood Map#42041CO231EIDated 43-06-2009/Zone X. GENERAL DESCRIPTION. :.00ONDAT16N EXTERIOR DESCRIPTION:' materials '.`INT'ERIM', .'nfatenais - Units [XI One Onew/Acc.unit - CGncrele Slab Crawl S ace Foundation Walls Conc Bik/Avq Floors Cr tfVin IAV #of stories 2 X Fun Basement I 1pardwBasement enteriorwalis Brick/Vinyl/Ay walls Drywall/Avg T e Det. JXJAtI. S-DetAnd Unit Basement Area 630 sq.h. Roof Surface Com oSh le/Av Trim/Finish Wood/AV LXJ Existing Proposed Llunderconst. Basement Finish 15% Gutters&Downspouts Aluminum/AvA BathFloor Vin-/Av Design S Townhouse Outside En !Exit SumpPump Window Type - Double Hung/Avg Bath Wainscot D all/Av Year Built 1987 - StormSashlinsulated Thermat/Av- Car Storage -X None Effective Age(Yrs)20 ScreensYea4v #Drivewa of Cars 2 Attic None Heatn X ANA HW Radiant Amenities Woodstove s#0 Drivewa surface Mac/Offstreet DropStair Stairs Other I Fuel Elect Fire tace s.#0 X Fence Privacy Gara e. #of Cars Floor 14Scutde Cooling X Central Air Conditioning ato/Deck Patio Porch None Car ort #of Cars Finished Heated - Individual Other Pool None Other None FTAti Deo Buib-in A fiances IRe'orator X Ra elOven X Dishwasher Xpisposai t Microwave WashettD Other describe Finished area above grade contains: 6 Rooms 3 Bedrooms 1.5 Baths 1,260 Square Feet of Gross Living Area Above Grade Additional Features Rear wood deck. Two paved off street parking spaces per townhouse. Comments on the Improvements Improvements are in avers-e condition with no physical or functional inadequacies noted: NOTE: There is a bath with a shower in the basement which does not function and has not functioned for several years,thus it is not valued herein. PmtluttOusinSACt➢9 Page I o4.23i,8727 w.xa.aWibta4 7N➢imm CaPY7l88r820452414 ACIAR-)GenemilP SzMAppai,A➢RiBhtFRKNrRd. Pepe 1010 (gPAR^')GBnerel Pupmx ApprPAR Repoli GS'2010 generalpurpa➢oo Irc n GPARIOW 1445282014 ppraisn po ADDENDUM Client Irwin&McKnight PC Miller Esq File No.: 140031 Property Address: 1873 Douglas Drive Case No.: City: Carlisle State: PA Zip: 17013-4612 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,1 have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevalence of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0031 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 1873 Douglas Drive 124 Faith Circle 152 Faith Circle 1674 Douglas Drive Address Carlisle.PA 17013 Carlisle.PA 17013 Carlisle PA 17013 Carlisle PA 17013 Proximity toSub'ect 1.24 miles NNE 1.33 miles NNE 0.19 miles S Sale Price $ . $ 126 400 $ 127,000 Is 126,000 Sale PdWGross Liv.Area $ 0.00 sq.ft. s 99.37 sq.ft.I s 98.60 sq.ft.'` $ 91.30 s.ft. l. Data Sources CPMLS10217935 1 Courthouse Courthouse Verification Sources Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION -$A 1MWM DESCRIPTION -SA4uamea DESCRIPTION +(-)$Aqustmea Sale or Financing N/A;'. $3,500 Cl.Csts -1,500 $6,350 Cl.Csts 0 None,Conv Concessions Other DOM 30 Other DOM 23 DOM 54 Date of Sale/rime 'NIA . 04130/2012 08/03/2012 02/29/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Sim le Fee Simple Fee Simple Fee Simple site 3221 sf 10890 sf 0 10019 sf 0 2614 sf 0 View Residential Residential Residential Residential Design s a Townhouse Townhouse Townhouse Townhouse Quality of construction Average Average Average - Average Actual A e 27 38 0 38 Years 0 35 Years 0 Condition Average Av /Good -5,000 Av /Good -5.000 Av /Good -5,000 Above Grade TOW B Baths Tda a Bahl Tdel Bd BattS Taal Barns e�s Room Count 6 1 3 1 1.5 6 3 1.5 6 3 1 1.5 6 3 2.5 -6,000 Gross uivinaArea30.00 1,260 sq.ft. 1,272 sq.ft. 0 1,288 sq.ft. 0 1,380 sq.ft. -3,600 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt • Rooms Below Grade Den FamRm/Bath -5000 Famliv Room 0 Family Room 0 .Functional Utility Average Average Average Average Heatin lCoolin FWA/CA FWA/None 3,000 FWA/CA FWA/CA -Energy Efficient nems None None None None Gare elCar on Offstreet Offstreet Offstreet Offstreet Porch/Patio/Deck Patio/Fence Patio/Shed/Fnc -2,000 Deck/Pt)o/Shed -2,000 Patio/Fence None None Fire lace -2,000 Fireplace -2,000 Net Adjustment otal I. 1x1- s 10 500 + X - s 9 000 + X- s 15,600 Adjusted Sale Price . . Net Adj. -8.3% Net Adj. -7.1% Net Adj. -12.4% of Comparables GrossAd'. 13.1% s 115900 Gross Ad. 7.1%1$ 118000 GrossAd. 12.4%1$ 110400 Summary of Sales Comparison Approach Opinion of value range is$110,000 to$118,000i The closing cost ad ustment for comparable#1 reflects the amount of the closing costs above the final list price. A closing cost adjustment is not made for comparable#2 since it sold at final list price. The condition adjustments reflect recent upgrades. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the final reconciliation.The best available comparable sales were selected and used for this appraisal. COsT APPROACH TO VALUE .: . '.. Site Value Comments N/A ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW 0PINION OFSITE VALUE........................................=$ N/A Source of cost data Dwelling Sq.Ft.@$ .I..........=$ 0 Quality rating from cost service Effective date of cost data Sq.Ft.@$ ............=$ 0 Comments on Cost Approach(gross living area calculations,depreciation,etc. Cost Approach deemed a poor indicator of value. The Garage/Carpo-.t Sq.Ft @$ ............=$ 0 • Estimated Remaining Economic Life- 40 years Total Estimate of Cost-New ............_$ 0 Less Physical -Functional External Depreciation =$ 0 Depreciated Cost of imrovements................................=$ 0 "As-is"Value of Site Improvements................................=$ INDICATED VALUE BY COST APPROACH...................... =$ N/A INCOMEAPPROACHTOVALUE - Estimated Monthly Market Rent$ NIA X Gross Rent Multiplier 0.00 =.$ 0 Indicated Value by Income Approach • Summary of Income Approach(including support for market rent and GRM) N/A Indicated Value : Sales Comparison Aroach$115 000 Cost Approach if develo etl$NIA Income Approach rfdevelo ed$0 The Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income Approach was also deemed Inappropriate for this • analysis. This appraisal is made X"as is," subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ❑subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the following: • The property has been appraised in current condition. This is for the clients use only. • Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subjectofthisreport is$ 115,000 asof 12/26/2012 which is the effective date of this appraisal. Pmduted udng ACl s wue,a1UU.9727—adweb.mm TNS Tann CopydgN 0200S2DIO ACI Dmdan d lSO C'alme SeMtts,Inc.N Ripb6 Regie . Pegg 2 of 4 (gPARTM)General Pupase Apprffiml Repoli 092010 GPM1ooe_10 OMQUIo generalpuposeappreisatrepoK S.W.Barrett Real Estate&Appraisal Services Summary Residential Appraisal Report File No. 140031 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment:"In short;scopeof Work is simply what the appraiser did and did not do during the course of the assignment.it includes,but is not limited to:the extent to which the property is identified and inspected,the type and extentof data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other Identified intended users and to the intended use of the report.This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or tide thereto,nor does the appraiser render any opinion as to the tide,which is Assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.Ttie appraiser is not required to give testimony,of appear in court because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,nor any part of the content of this report,copy or other media thereof pncluding conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected);shall be used for any purposes by anyone bui the client and other intended users as identified in this report,nor shall it be'corweyed by anyone io the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law oras specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,'estimates,and opinions tarnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser.. 7.The'appraiser assumes thatthere are no hidden or unapparent conditions of the property,'subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors,This appraisal is not an environmental assessment of the property and should not be considered as such. 8.The appraiser specializes in the valuation of real property and isnot a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects.The viewing of the property and any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment:Statements regarding condition are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.d negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property improvements)are fundamentally sound and in working order. Anyviewing of the property by the appraiser was limited to readily observable areas.Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competenty performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to he consistent with the definition of Insurable Value for property insurance coverageluse. 11.The ACI General Purpose Appraisal Report(GPAR")is not intended for use in transactions that require a Fannie Mae 1004/Freddie Mac 70 form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions None P,mea,rimyaasarw,a.aoozw.ernwm...ar.:e.Wn, f1ft I..C.PiftmaMmmonaof,arsoft.sm+Mmc.Mwprn+a-,K PaW 3014 (nPAR^')G01CeI Pm?se AMNIASA�IBM [p(�a��WW9 GP 1005240110 1Y/ 9cnerolP�PCs oPProimlrcPort Summary Residential Appraisal Report File No. 14-0031 Appraiser's Certification The appraiser(s)certifies that,to the best of theappraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parries involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications-. None Definition of Value: ❑X Marketvalue ❑Othervalue: Source of Definition:USPAP The most probable price.in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and:assuming the price is not affected by.undue stimulus. ADDRESS OF THE PROPERTY APPRAISED: - 1873.101ouglas Drive Carlisle:PA 17013-4612 .EFFECTIVE DATE OF THE APPRAISAL:12/2612012 . APPRAISED VALUE OF THE SUBJECT PROPERTY$1451000 APPRAISER - SUPERVISORY APPRAISER Signature: r Si nature: Name: Stan A..Skowronek Name: Steven.W:Barrett,S SRPA State Certification tt RLQ01572L State Certification# GA000298L or License u or License it or other(describe): State M state: PA State:PA Expiration Date of Certification or License: 06130/2015 Expi.radon Date of Cerrtificauon or License: 06/3012015 Date of Signature: 0212412014 Date of Signature and Report: 02/24/2014 Date of Property Viewing: Date of Property Viewing: 02124/2014 Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior Only ❑X Did not personally view Q Interior and Exterior ❑Exterior Only ❑Did not personally view Pm&xtd using Act sof—800.7!1.8127 WWw.etlWeb.= TMs fon Copyright 02005-2010 ACI GMSIan o7150 Claims Seivl ,IN..An%N,ResoNM Page 4 014 (gPAR-) ppGemral Pwpose Areisel Report 09201 r GPARIOOC 1005MA10 a na�a1P��P �PP�i��IrcP�« S.W.Barrett Real Estate&Appraisal Services - Summary USPAP ADDENDUM File No. 14-0031 Borrower: Noll Associates Property Address:1873 Douglas Drive City: Carlisle County: Cumberland State: PA Zip Code: 17013-4612 Lender: Irwin&McKnight,P.C.,Miller Esq. Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 days Additional Certifications XJ 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 immediately preceding acceptance of this assignment. I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: SUPERVISORY APPRAISER(only if required): OL Signature: Signature:` Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/24/2014 Date Signed: 02/24/2014 State Certification#: 111-001 572L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Supervisory Appraiser inspection of Subject Prop: Effective Date of Appraisal:December 26,2012 ®Did Not ❑Exterior-only from street (_J Interior and Exterior Pm u"ACI sdl ,M.2U.8727 wmv dmb. USPAP_14WDIW2014 J S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0029 APPRAISAL OF ;�=aa 7. �A. LOCATED AT: 18.81 Douglas Drive Carlisle,PA 17013-4612 CLIENT: Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012. BY: Stan A.Skowronek PA Certified Residential Real Estate Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0029 02121/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0029 In accordance with your request,I have appraised the real property at: 1881 Douglas Drive Carlisle,PA 17013-4612 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the defined value of the property as of December26,2012 is: $115,000 One Hundred Fifteen Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted <)6.JrA Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 14-0029 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Namelintended User Irwin&McKnight,P.C. Miller Esq. E-mail N/A ChentAddress 60 West Pomfret Street city Carlisle state PA zjp 17013 Additional Intended User(s)The Intended User of this appraisal report is the Client. No additional intended Users are permifted without the permission of theappraiser(s). Intended use The Intended Use is to evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequatelV supliorted opinion of value. PropertyAddress 1881 Dou las Drive city Carlisle state PA zip 17013-4612 Owner of Public Record Noll Associates County Cumberland Legal Description P/O Deed Book 251 page 1689 " Assessor's Parcel# 29-16-1094-356 Tax Year 2013 R.E.Taxes$1,803.00 Neighborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Pro a Ri his A raised X Fee Sim le Leasehold Other describe M research did IX I did not reveal any prior sales or transfers of the sub'ect property for the three years prior to the effective date of this appraisal. Prior Salerrransfer: Date 04/22/2002 Price P/0$310,000 Sources Deed Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable). No prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables within 12 months of their sale date. offerings,options and contracts as of the effective date of the appraisal None noted ^" t^:?Ner hbortrooB CharacM[ieUcs" ;":its.C �, , -�;°,ORe;tJnk[iousin rents" c 4 E- .�r ,�`, +u A.,.3...a.,_.9............... ...... ( _ .s.r,,. I .., nit,Housin9+s._a,..`.,.Presets LarM Use9fi. K Location Urban 1XISuburtian I JRural Property values I increasing X Stable . �Declininq PRICE AGE One-Unit 82% Built-up X Over 75% 1 125-75% 1 JUnder25% Demand/su I Shortage IX I In Balance oversupply $000 (yrs) 2-4 Unit 0% Growth Rapid X Stable Slow I marketing Time. Under 3 mans X 3-6 mths LjOver6mths 110 Low 20 Multi-Family 0% Neighborhood Boundaries The sub'ect is bounded on the north by Faith Cr on the east.by 250 High 100 commercial 3% Spring Rd on the south by Pheasant.Dr.S and on the west by Douglas Dr. 130 Pred. 40 other Vac 15% Neighborhood Description The subject is located In an established residential subdivision.amon st homes of varying size,style and quality. It is within close proximity to ammenities such as schools shoppina and employment. Market Conditions Including support for the above conclusions) See Attached Addendum Dimensions 137.63x22x 136.75x22:018 Area 3018 Sh a Rectangular view Residential S ecificZonin Classification MHD Zonin Descri ton Medium to Hi h Densit Residential zoningCom fiance X Le al. Le al NonconformingGrandfathered Use No Zonin Ille al describe Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes UNo if No,describe. Utilities Public Other describe Public other describe Oft-site Improvements—Type Public Private Electricity X water X Street Macadam X Gas I I J I None Sanitary Sewer X I Alley None Site comments There are no apparent adverse easements encroachments Or Other adverse condition. The subject - Improvements are not in a FEMA special flood hazard area per Flood Map#42041CO231 E/Dated 03-06-2009/Zone X. " �' Atv.„.:,.GENERAI;DESCRIBTION.`i,„ c - - � • .: 'Odd ND'ATION ,: �trF_XTEFIORDESGRIPTION....?�c•matenals-'.'ve`:;INTERIOR:yt ,sr�l;,,:matenals. Units X One Onew/Acc.unh Nconcrete Slab . CrawlS ace Foundation Walls Conti Blk/Avig 0 Floors Cr t/ViD /Av #of Stories- 2 IXIFullBasement I .]Partial Basement Exterior wails -Briek/Vin A/Av q Walls D all/Av T e Det. JXJAtL I IS-DetiEndUnit Basement Area 660 sq.ft. Roof Surface Com oSh le/Av Trim/Finish Wood/Avg 1XIExisting LJOroposed LJunderConst. Basement Finish 0% Gutrers&Downs ours Aluminurn/Avg Bath Floor Vinyl Design(Style)Townhouse Outside-En /Exit [-]SumpPump Window Type .Double.Hung/Avg Bath Wainscot D all/AV Year Built Storm Sash/insulated Thermal/Ava car storage UX None Effective Age(Yrs)10 Screens Yes/Av . - . Driveway #'of Cars 2 Attic None- Heafin X FWA HW Radiant Amenities' -WoodStove s#0 D r ii ay surface Mae/Off Street Dro Stair stairs Other I Fuel Elect I .Fre laces#.0 Fence None Garage #of Cars Floor X Scuttle coolin X central Air Conditionin X Pafio/Deck Deck Porch None .-carport #of cars ]Finished. Heated Individual Other Pool None Other None AtL Det. Built-in A liances X Refi erator X Ran a/Oven X Dishwasher X Dis oral Microwave Washerl0 r Other describe Finished area above grade contains: 6 Rooms 3 Bedrooms 1.5-Bath(s)- 1,320 Square Feet of Gross Living Area Above Grade Additional Features Rear wood deck. Two paved off street parking spaces per townhouse. Comments on the improvements Improvements are in average condition with no physical or functional inadequacies noted. par Pmeuu4 u5 p AO mW—,M.M.8727 wwea1.6— TRIS Mn CWhl0]005]01D Aa om*n of iso lemB seMttB.ft.M RIg86 R—ed. Page 1 or 4 (gPARTM)Geeral Pvpase Appre Repos 0512030 GPM1004 1005262010 generpl pvrppseapprnisnlrepart ADDENDUM Client: Irwin 8 McKnight,P.C.,Miller Esq. File No.: 14-0029 Property Address: 1881 Douglas Drive Case No.: City: Carlisle State: PA Zip: 17013-4612 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. If a trend is indicated,I have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0029 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 1881 Douglas Drive 1674 Douglas Drive 1214 Pheasant Drive S. 152 Faith Circle Address Carlisle PA Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Proximity to Subject 0.22 miles S 0.23 miles SSE 1.31 miles NNE Sale Price $ $ 126,000 Is 117,600 Is 127,000 Sale Price/Gross Liv.Area $ 0.00 s.ft. s 91.30 s.ft.; $ 89.09 s.ft.: $ 98.60 s.ft. Data sources - . Courthouse Courthouse Courthouse Verification Sources Courthouse' CPMLS CPMLS CPMLS VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .(-)$A as Wnt DESCRIPTION +-t$ACILISIMent DESCRIPTION +(-)$AtlUSInnerd Sale or Financing N/A:i( None,Conv $3,000 Cl.Csts 0 $6,350 Cl.Csts 0 Concessions DOM 54 DOM 123 DOM 23 Date of Salerrime N/A "i 02129/2012 06/2812012 08/03/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple she 3018 sf 2614 sf 0 2614 sf 0 10019 sf 0 View Residential Residential Residential Residential Desian(Style) Townhouse Townhouse Townhouse Townhouse Quality of Consducdon Average Average Average Average Actual Age 28 Years 35 Years 0 35 Years 0 38 Years 0 Condition Average Av /Good -5.000 Av /Good -5,000 Avg/Good -5,000 Above Grade Tara B Be. Tota I Btl Baths Tara I Ba Batts Tote a Baths • Room Count 6 3 1.5 6 3 2.5 -5 000 5 1 2 1 2.5 -5,000 6 Gross LmngArea30.00 1,320 sq.ft. 1,380 sq.ft. 0 1,320 sq.ft. 0 1,288 sq.ft. 0 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt • Rooms Below Grade Unfinished Family Room Unfinished Family Room Functional Utility Average Average 2 Bedroom 2.000.Averacie Heafin/Coolin FWA/CA FWA/CA FWA/CA FWA/CA Energy Efficient Items None None None None Gara efCar ort Offstreet Offstreet Offstreet Offstreet Porch/Patio/Deck Wood Deck Patio/Fence -3,000 SCInP/Shed -3,000 Deck/Ptio/Shed -5,000 Shed Fireplace 0 None 2,000 Fireplace 0 Net Adjustment(Total) + Ixi- Is 13,000 1 1- JX1- Is 9,00o + X- Is 10,000 Adjusted Sale Price NetAdj. -10.3% NetAdj. -7.7% Net Adj. -7.9% of Comparables Gross Ad. 10.3%1$ 113,000 GmssAd. 14.5%1$ 108,600,Gross Adj. 7.9%1$ 117,000 Summary of sales Comparison Approach Opinion of value range is$109,000 to$117,000. Closing cost adjustments are not made for comparable Ws 2&3 since they sold at final list price. The condition adjustments reflect each of the comparables having had recent updates and/or upgrades. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the final reconciliation.The best available comparable sales were selected and used for this appraisal. .COSFAPPROACH.TOVALUE- • Site value Comments NIA ESTIMATED LJ REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE.............................I..........=$ NIA Source of cost data Dwelling Sq.Ft.@$ ............=$ _ 0 Quality retina from cost service Effective date of cost data Sq.R.@$ ............=$ 0 Comments on Cost Approach(gross living area calculations depreciation,etc. Cost Approach deemed a poor indicator of value. The CatagelCarport 0 Sq.Ft.@$ ............=$ 0 • Estimated Remaining Economic Life-60 years Total Estimate of Cost-New ............=$ 0 Less Physical Functional External Depreciation =$ 0 Depreciated Cost of Improvements................................=$ 0 "As-is"Value of Site Improvements................................=$ INDICATED VALUE BY COST APPROACH...................... =$ N/A INCOhE'APP.ROACHTCVALUE'....: Estimated Monthly Market Rent$ NIA X Gross Rent Multiplier 0.00 =$ 0 Indicated Value by income Approach Summary of Income Approach(including support for market rent and GRIM) N/A Indicated Value by: Sales Comparison Aroach$115000 Cost Approach ifdevelo ed s NIA income Approach If develo ed$0 The Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate indicator of value and therefore was not included herein.The Income Approach was also deemed inappropriate for this • analysis. This appraisal is made W"as is," U subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ❑subject to the folio ving repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the follow ng: • The property has been appraised in current condition. This is for the clients use only. Based on the scope of work,assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subject of this report is$ 115,000 as of 12/26/2012 ,which is the effective date of this appraisal. ar- Pm&ndusmg ACls*me,B00.23Ae127N a wbmm TM51mm COW9M 02DV12010 ACI DMgon d I50 CW=seMcrs,Inc.AN Rit;ttReserved. Page 2 of 4 (gPAR-)Gervxai Purpose AppraSal Repos 052030 GPAR1004-10 a 5282010 general purpac..pprai"I"p— S.W.Barrett Real Estate&Appraisal Services Summary Residential Appraisal Report rile No. 140029 Scope of Work,Assumptions and Limiting Conditions Scope of work is definedinthe Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment."In short,scope of work is simply what the appraiser did and did not do during the course of the assignment.It includes,but is not limited to:the extent to which the property is identified and inspected,the type and extent of data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other identified intended users and to the intended use of the report.This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or file thereto,not does the appraiser render any opinion as to the title,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only.to assist the reader in visualizing the properly.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in court because of having made the appraisal with reference to the properly in question,unless arrangements have been previously made thereto. 4.Neither all,nor any part of the content of this report,copy or other media thereof(including conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this report,nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the properly and should not be considered as such. S.The appraiser specializes in the valuation of real properly and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects.The viewing of the property and any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment.Statements regarding condition are based on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal repos should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subj ect property improvement(s)are fundamentally sound and in working order. Any viewing of the properly by the appraiser was limited to readily observable areas.Unless otherwise noted,aides and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverage/use. 11.The ACI General Purpose Appraisal Report(GPAR-)is not intended for use in transactions that require a Fannie Mae 10041Freddie Mac 70 form, also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions None r„., Proaumd udng ACI soMMe,e00.23aAM vm cimb— TMs 1—CaWgM 02005-2010 ACI Oh4don of l50 aaftSeria Ina,MRIpMS R-11d, Pepe 3 of 4 (pPAR")Gererel Pwpm Appraisal RepOR oa2Mo ga GPAR100!_1005262010 generalp�,poseepprawlr,p m Summary Residential Appraisal Report File No. 14-0029 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the properly that is the subject of this report or to the parties involved with this assignment. S.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended.use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. B.Unless otherwise doted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: Definition of Value: X❑MarketValue ❑Oth'erValue: Source of Definition:USPAP The most probable price.in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting.prudently,knowledgeably and assuming the price is not affected by undue stimulus. ADDRESS OF THE PROPERTY.APPRAISED: 1881 Douglas Drive . Carlisle:PA 17013-4612 EFFECTIVE DATE OF THE APPRAISAL:12/26/2012. APPRAISED VALUE OF THE SUBJECT PROPERTY$115,000 APPRAISER SUPERVISORY APPRAISER Signature: Signature'. Name: Stan A.Skowronek tt Name: Steven.W.Barrett,SRA SRPA State certification# 111-001572L, State certification# GA000298L or License# or License# or Other(describe): State#: State: PA State:PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Cenificadon or License: 06/30/2015 Date of Signature: 02/21/2014 Date of Signature and Repon: 02/21/2014 Date of Property Viewing: Date of Property Viewing: 02/20/2014 Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior OnlyX❑Did not personally view X❑Interior and Exterior ❑Exterior Only ❑Did not personalty view P ced using AM m%ve.a00.234.e727wxx amb— TMs[on Mpydglo 020 201DAO DM*n or l50 awms sergi7m lnc.,ld Rights Resenm6 Page 4 of 4 (gPAR-)Ger ere)Pwpow Appraisal Repoligmr- OSr201 generalpurppseappreisalrepprt GPAR1004_100526N10 S.W.Barrett Real Estate&Appraisal Services Summary USPAP ADDENDUM File No. 14-0029 Borrower: Noll Associates Property Address:1881 Douglas Drive City: Carlisle County: Cumberland State: PA Zip Code: 17013-4612 Lender: Irwin 8,McKnight,P.C.,Miller Esq. Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 days Additional Certifications XO 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 immediately preceding acceptance of this assignment. I HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: ,.+y SUPERVISORY APPRAISER(only if required): —7 Signature: Signature: lot—/ Name: Stan A.Skowronek Name: Steven W.Barrett,SRA SRPA Date Signed: 02121/2014 Date Signed: 02/21/2014 State Certification#: RL001572L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Supervisory Appraiser inspection of Subject Prop: Effective Date of Appraisal:December 26,2012 ©Did Not ❑Exterior-only from street Interior and Exterior Pmd=dtWng AC1wft u 800.234.8727wMwa Wv b. USPAP_1/M01062014 S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.140030 APPRAISAL OF �i x w ,� - s, LOGATED AT: 1679 Douglas Drive Carlisle,PA 17013-4612 CLIENT: Irwin&McKnight,P;C.;Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 AS OF: December 26,2012. BYi Stan A.Skowrgnek PA Certified Residential Real Estate Appraiser S.W. BARRETT REAL ESTATE AND APPRAISAL SERVICES File No.14-0030 02/26/2014 Irwin&McKnight,P.C.,Miller Esq. 60 West Pomfret Street Carlisle,PA 17013 File Number: 14-0030 In accordance with your request,I have appraised the real property at: 1879 Douglas Drive Carlisle,PA 17013-4612 The purpose of this appraisal is to develop an opinion of the defined value of the subject property,as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion,the defined value of the property as of December 26,2012 is: $117,000 One Hundred Seventeen Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs,assignment conditions and appropriate certifications. Respectfully submitted Stan A.Skowronek PA Certified Residential Real Estate Appraiser Summary Residential Appraisal Report File No. 140030 The purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject properly,given the intended use of the appraisal. Client Name/Intended User Irwin&McKnight;P.C. Miller Esq. E-mail NIA Client Address 60 West Pomfret Street City Carlisle state PA Zip 17013 Additional Intended User(s)The Intended User of this appraisal report is the Client. No additional intended Users are permitted without the permission of theappraiser(s). Intended use The Intended Use is to.evaluate the property that is the subject of this appraisal to provide the Client with an accurate and adequately supported opinion of value. ProperyAddress 1879 Douglas Drive city Carlisle state PA Zip 17013-4612 Owner of Public Record Noll Associates Counry Cumberland Legal Description P/0 Deed Book 251 page 1689 Assessor's Parcel# 29-16-1094357 Tax Year 2013 R.E.Taxes S 1,803.00 Neighborhood Name Noll Manor Map Reference 16-1094 Census Tract 0119.02 Property Rights raised XFee Sim le LJ Leasehold I Other describe M research I Idid I X I did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Prior Sale/Transfer: Date 04/2212002 Price P/O$310,000 Sources Deed. Analysis of prior sale or transfer history of the subject property(and comparable sales,if applicable) No prior transfers of the subject within the past 36 months nor were there any prior transfers of the comparables within 12.months of their sale date. Offerings,options and contracts as of the effective date of the appraisal None noted Neightibihooa Charaeferistis-- ,:1 '. .' One-UelfHousing 7renAs' °.,'One-UnRHousing. r Presets L'anU Use% Location Urban X Suburban I Rural Prope Values F1 Increasing X Stable JDeciininq PRICE- AGE One-Unit 82% Built-U X Over 75% 25-75% 1 Under 25% DemandlSu I Shorla a X-I in Balance - Over supply- S oo (yrs) 2.4 Unit 0% Growth Rapid X Stable Slow — ' fino Time I I Under 3 mths IX 3-6 mths Over 6 mths 1 110 Low 20 Multi-Family 0% Neighborhood Boundaries The subject is bounded on the north by Faith Cr on the east b 250 High 106 commercial 3% Spring Rd on the south by Pheasant Dr.Sand on the west by Dou las Dr. 130 Pred. 40 other Vac 15% Neighborhood Description The subject is located in an established residential subdivision amon st homes of varying size style and quality, It is within close proximity to ammenities such as schools shopping and employment. Market Conditions(including support for the above conclusions) See Attached Addendum Dimensions 145.97x22.018x146.86x22 Area 3221 sf Shape Rectan ular view Residential Specific ZoninClassifiXianation MHD ZoningDescription.Medium tHID iZoningCom lal in be) Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? X Yes LJNo If No,describe. Utilities Public Other describe Public Other describe Off-site lm rovements-7 a Public Private ElectricityX water X street Macadam X Gas None Sanitary sewer X Alley None Site Comments There are no apparent adverse easements encroachments or other adverse conditions. The subject int rovements are not in a FEMA special flood hazard area per Flood Map#42041CO231.E/Dated 03-06-2009/Zone X. GENERAUDESCRIPTION. .:-r i. FOUNDATION EX'MRIORDESCRIPTION'.;��materials. . IiJTERIOR� `. matenals'. Units X One- OnewlAcc.unit-LJ Concrete slab Crawl S ace Foundation Walls Conc Blk1AV Floors Cr i tn I/Gd #of Stories 2 X FUIl basement _ Partial Basement_ Exterior Walls Brick/Vin/Avg Walls DrywalliGood Type Det. JXJAtL S-DetJEnd Unit Basement Area 660 sq.-ft. Roof Surface Com oSh le/AvQ Trim/Finish Wood/AV X I Existino I 1Pr000sed I UnderConst. Basement Finish 0% Gutters&Downspouts Aluminum/AyBath Floor Vin /Good Design S e Townhouse I Outside Ent /Exit IsumpPump Window Type .Double.Hung/Avg Bath wainscot Drywall/Good Year Built 1986 Storm Sash/Insulated Thermal/Avg car storage Ll None Effective Age(Yrs)10 Screens Yes/AV Driveway #of Cars 2 Attic None Having X FWA -I HW Radiant Amenities WoodStove s#0 Driveway surface Mac/Offstreet JDrociStair I IStairs Other I Fuel Elect .Fire laces#.0 Fence None Gara e #of Cars Ll Floor X I scuttle Coolinq X Central Air ConditioningX Patio/Deck Deck Porch None carport #of Cars Finished Heated Ind'Rddual Other Pool None Other None I 1AtL I i Det. El Built-in Appliances X Retri erator [X]Ra------- 1XIDishwasher 1XIDisposal Microwave Washer/Dryer Other describe Finished area above grade contains: 6 Rooms 3 Bedrooms 1.5 Baths .1,320 Square Feet of Gross Living Area Above Grade Additional Features Rear wood deck.Shed.Two paved off street parking spaces pertownhouse. Comments on the Improvements Improvements are in average/good condition with no physical or functional inadequacies noted. �,TM Produced using Ad Tfloone,1100.234.8727 - TMs form Copyilgh102 2010 ACI DMtlan of ISO OWm9 Serer-Int.,AN Rlgha Reserved. Pape l of 4 (gPAR1)General PupM APp'aspl Repan 0 ZOO general purpose sppro,sslrepprt GPARI000 1005282010 ADDENDUM Client: Irvin&McKnight,P.C.,Miller Esq. File No.: 14-0030 Property Address: 1879 Douglas Drive Case No.: City: Carlisle State: PA Zip: 17013-4612 Neighborhood Market Conditions List/Sale ratio approximately 98%.1 have considered relevant competitive listings and/or contract offerings in the performance of this appraisal and in the trending information reported in this section. if a trend is indicated,I have attached an addendum providing relevant competitive listing/contract offering data. Local multi-list data indicates stable market in the past calendar year with no appreciation in the subjects market area,with an average marketing time of 90-180 days. Economic trends and lending rates have remained favorable. Sales concessions are occuring more frequently; however,there is no known prevelance of unusual seller financing concessions or buydowns. There are new homes under construction in surrounding developements,as well as resales available in the neighborhood. Addendum Page 1 of 1 Summary Residential Appraisal Report File No. 14-0030 FEATURE SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 1879 Douglas Drive 1674 Douglas Drive 1214 Pheasant Drive S. 152 Faith Circle Address Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Carlisle PA 17013 Pio)dmity toSubject 0.22 miles S 0.22 miles.SSE 1.31 miles NNE Sale Price $ N/A Is 126,000 Is 117,600 $ 127,000 Sale PdcelGross Uv.Area $ 0.00 s.ft. $ 91.30 s.ft.. $ 89.09 s.tt['. $ 98.60 sq.fL. Data sources Inspection Courthouse Courthouse Courthouse Verification Sources Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION -SAcILMM DESCRIPTION +-1SAdlumnen DESCRIPTION +I-)$ACII Sale or Financing N/A; None,Conv $3,000 Cl.Csts 0 $6,350 Cl.Csts 0 Concessions DOM 54 FHA DOM 123 Other DOM 23 Date of Salerrime N/A 02/29/2012 06/28/2012 08/03/2012 Location Suburban Suburban Suburban Suburban Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Fee Simple Site 3221 sf 2614 sf. 0 2614 sf 0 10019 sf 0 View Residential Residential Residential Residential Design(Style) Townhouse Townhouse Townhouse Townhouse Quality of construction Average Average Average Average Actual A e 28+/-Years 35 Year's 0 35 Years 0 38 Years 0 Condition Av /Good Av /Good Av Good Avg/Good Above Grade Tarn a avis Total 18drmd Ba h5. Total I Bans Bair Taal B Bels Room Count 6 3 1.5 6 3 2.5 -5 000 5 2 F 2.5 -5,000_6_J 3 1 1.5 Gros.sLivingArea30.00 1 320 sq.ft. 1,380 sq.ft. 0 1,320 sq.ft. 0 1,288 sq.ft. 0 Basement&Finished Full Bsmt Full Bsmt Full Bsmt Full Bsmt Rooms Below Grade Unfinished Family Room -2000 Unfinished Family Room -2000 Functional Utility Average Average 2 Bedroom 2,000 Average Heating/Cooling FWA/CA FWA/CA FWA/CA FWA/CA Energy Efficient Items None None None None Garage/Carport Offstreet Offstreet Offstreet Offstreet Porch/Patio/Deck Wd Deck/Shed Patio/Fence SCinP/Shed -1,000 Deck/Ptio/Shed -1,000 None Fire lace -2,000 None Fireplace -2 000 Net Adjustment oral + 1XI- Is 9 000 + X- $ 4,6667 1X1_ $ 5'000 Adjusted Sale Price Net Adj. -7.1% Net Adj. -3.4% Net Adit. -3.9% of Com ambles GrossA . 7.1% $ 117,000 Gross Al. 6.8%1$ 113,600 1 GrossAd'. 3.9%1$ 122,000 Summary of sales Comparison Approach Opinion of value range is$114,000 to$122,000.Closing cost adjustments are not made for comparable Vs 2&3 since they sold at or below final list price. All of the sales are closed transactions as of the date utilized. All comparable sales are considered equal indicators of value and weighed equally in the final reconciliation.The best available comparable sales were selected and used for this appraisal. _.. . . .. COST APPROACH TOVALUE Site Value Comments .N/A ESTIMATED Ll REPRODUCTION OR Ll REPLACEMENT COST NEW OPINION OF SITE VALUE........................................=$ N/A Source of cost data Dwelling Sq.Ft.Q$ ............_$ 0 Quality rating from cost service Effective date of cost data Sq.Ft.@$ ............=$ 0 Comments on Cost Approach(gross living area calculations,depreciation,etc. Cost Approach deemed a poor indicator of value. The Garage/Carport sq.Ft.@$ ............=$ Estimated Remaining Economic Life-50 years Total Estimate of Cost-New ............=$ 0 Less Physical Functional External De reciation =$ 0 Depreciated Cost of Improvements................................=$ 0 "As-is"Value of Site Improvements................................=$ INDICATED VALUE BY COST APPROACH...................... =$ NIA .. .. _ INCOME'APPROACH TOVALUE: - Estimated Monthly Market Rent$ 0.00 X Gross Rent Multiplier 0.00 =$ 0 Indicated Value by income Approach Summary of Income Approach(including support for market rent and GRM) N/A Indicated Value by: Sales Comparison Aroach$117,000 Cost Approach ifdevelo ed s N/A IncomeA roach rfdevelo ed$0 The Market Data Analysis supports my opinion of value for the subject. The Cost Approach was not deemed an appropriate Indicator of value and therefore was not included herein.The Income Approach was also deemed inappropriate for this analysis. This appraisal is made X°as is; LJ subject to completion per plans and specifications on the basis of.a hypothetical condition that the improvements have been completed, ❑subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed ❑subject to the following: The property has been appraised in current condition. This is for the clients use only. Based on the scope of work assumptions,limiting conditions and appraiser's certification,my(our)opinion of the defined value of the real property that is the subject of this report is$ 117,000 as of 12/26/2012 -,which is the effective date of this appraisai. Pmduadudng AClseaexve,8M.M.a727w,nv.r0mb.can TMs roan eopAhre 200S2olo Act Dmon or iso claims Serviom In..AA Fbilm Reserved. Pape 2 d 4 (pPARTM)Gmeral Pupose Apgaal Re0at1 057010 gror-9enernlpurposepppraisnlreporc S.W.Barrett Real Estate&Appraisal Services sPAR2 10 gs26201D Summary Residential Appraisal Report File No. 140030 Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research and analyses in an assignment."In short,scope of work is simply what the appraiser did and did not do during the course of the assignment.it includes,but is not limited to:the extent to which the property is identified and inspected,the type and extent of data researched,the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other identified intended users and tothe intended use of the report:This report was prepared for the sole and exclusiveuseof the client and other identified intended users forthe identified Intended use and its use by any other parties is prohibited.The appraiser is not responsiblefor unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are - set forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for of a legal nature affecting the property appraised or fide thereto,not does the appraiser render any opinion as to the title,which is assumed to be good and marketable.The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is not required to give testimony or appear in coun because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4.Neither all,nor any pan of the content o1 this report,copy or other media thereof(including conclusions as to the property value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this report,not shall it be conveyed by anyone to the public through advertising,public relations,news•sales,or other media,without the written consent of the appraiser. S.The appraiser will not disclose the contents of this appraisal repon unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.Information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparentconditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the property and should not be considered as such. B.The appraiser specializes in the valuation of real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects.The viewing of the property and any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment.Statements regarding,condidon are fused on surface observations only.The appraiser claims no special expertise regarding issues including,but not limited to:foundation settlement,basement moisture problem's,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated•mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as it relates to the presencelabsence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.If negative conditions are discovered,the opinion of value maybe affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property On provement(s)are fundamentally sound and in working order. Any viewing of the property by the appraiser was limited to readily observable areas.Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or other items that may restrict the viewing of the property. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of thisappraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes.Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable value for property insurance coverageluse. • 1L The Act General PurposeAppraisalReport(CPAP.'"')is not intended for use in transactions that require a Fannie Mae 100MFreddfeMac 70form, also known as the uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and limiting Conditions None Roduxd u9rp A0 Wt—!0017447[2 erow.AN,e0M TWI-Cop"020053010 ACI DWM of iso Odd Sewtt mc.Ar wrens Reserve0. Pae 3 014 WPAR")Genvel Purpose Appraisal:r 05!2010 0encrnlp,rtpaacnppr"iwlrcPors GPAR1 1005242010 Summary Residential Appraisal Report File No. 14-0030 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal;impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's compensation for completing this assignment is not contingenI upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the.value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: None -Definition of Value: �X❑MarketValue ❑OtherValue: Source of Definifion:USPAP The most probable price in terms of money which a property should bring in competitive and open market under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not affected by undue stimulus.- ADDRESS OF THE PROPERTY.APPRAISED: - - 1879 Douglas Drive.. Carlisle;PA 17013-4612 EFFECTIVE DATE OF THE APPRAISAL:12126/2012 . APPRAISED VALUE OF THE SUBJECT PROPERTY s 117,000 APPRAISER SUPERVISORY APPRAISER - Q . Signature: �. Signature:. Name: Stan A.Skowronek - - Name: Steven.W.Barrett:SRA.SRPA state Certification# RL001572L State Certification# GAO0O298L or License# or License# or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Date of Signature: . 0212612014 Date of Signature and Report: 0212612014 Date of Property Viewing: Date of Property Viewing: 02/26/2014 Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior Only XO Did not personally view X❑Interior and Exterior ❑Exterior Only ❑Did not personally view Pmduxd using ACI soften,80o.734.6717rm &ftb.mm TMs lmm Copyright 020057010 ACI OMsan of ISG Germs SeMaes.Inc,M Rights Reseni¢d ar� Page4of4 (gPARn)GMaIPupMAppr61s61Re0at O2201 GPARI 1005762010 genaralpurpaseeppraisnlreporc S.W.Barrett Real Estate.&Appraisal Services - Summary USPAP ADDENDUM File No. 14-0030 Borrower: Noll Associates Property Address:1879 Douglas Drive City: Carlisle County: Cumberland State: PA Zip Code: 17013-4612 Lender: Irwin 84 McKnight,P.C.,Miller Esq. Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is:90-180 days _ Additional Certifications ❑X 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 immediately preceding acceptance of this assignment. (:31 HAVE performed services,as an appraiser or in another capacity,regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment.Those services are described in the comments below. Additional Comments APPRAISER: - SUPERVISORY APPRAISER(only if required): Signature: LA Signature: Name: Stan A.Skowronek Name: Steven W.Barrett,SRA.SRPA Date Signed: 02/26/2014 Date Signed: 02/26/2014 State Certification#: RL001572L State Certification#: GA000298L or State License#: or State License#: or Other(describe): State#: State: PA State: PA Expiration Date of Certification or License: 06/30/2015 Expiration Date of Certification or License: 06/30/2015 Supervisory Appraiser inspection of Subject Property: Effective Date of Appraisal:12/26/2012 X Did Not ❑Exterior-only from street ❑Interior and Exterior Rodu du5g ACI solur4,6,800.M8727 wxxarweb— USPAP14Mr 01062014 Ewing Brothers Funeral,Home, Inc. _ 630 South Hanover Street Carlisle, PA 17013- (717)243-2421 December 16,2012 Mary Esther(Bailey)Noll 100 Chester St. Carlisle, PA 17013 The Funeral Service for Obert L.NoII We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way we can. Please feel free to contact us if you have any questions in regard to this statement. THE FOLLOWING IS AN ITEMIZED STATEMENT OF THE SERVICES,FACILITIES,AUTOMOTIVE EQUIPMENT, AND MERCHANDISE THAT YOU SELECTED WHEN MAKING THE FUNERAL ARRANGEMENTS. 1. PROFESSIONAL SERVICES Basic Services of Funeral Director/Staff , , , , , , , , , , , , , , , , , $1300.00 Bathing&Embalming , , , , , , , , , , , , , , , , , , , , , , $895.00 Dressing,Casketing,Cosmotoiogy etc, , , , , , , , , , , , , , , , , , $295.00 2. FACILITIES/SERVICES/STAFF/EQUIPMENT Basic Use of Facility, , , , , , , , , , , , , , , , , , , , , , , $200.00 Document Prep/Permanent Recording, , , , , , , , , , , , , , , , , , $325.00 Facility Usage for Viewing/Visitation. . . . . . . . . . . . . . . . . . $375.00 Staff Usage for Viewing/Visitation. . . . . . . . . . . . . . . . . . . $375.00 Facility Usage for Funeral/Memorial . . . . . . . . . . . . . . . . . . $375.00 Staff Usage for Funeral/Memorial , , , , , , , , , , , , , , , , , , , $375.00 Staff for Graveside/Interment . . . . . . . . . . . . . . . . . . . . $125.00 3. AUTOMOTIVE EQUIPMENT Vehicle to transfer remains to Funeral Home, . . . . . . . . . . . . . . $295.00 Hearse(Casket Coach) , , , , , , , , , , , , , , , , , , , , , , $295.00 Safety Lead/Clergy Car , , , , , , , , , , , , , , , , , , , , $135.00 Utility Car , , , , , , , , , , , , , , , , , , , , , , , , , , $135.00 Family Car, , , , , , , , , , , , , , , , , , , , , , , , , , $250.00 FUNERAL HOME SERVICE CHARGES . . . . . . . . . . . . $5750.00 SELECTED MERCHANDISE: 18G White Sands Casket, , . , , , $2275.00 #12 OBC with setup , , , , , , , , , , , , , , , , , , , , , , , $1395.00 Acknowledgement cards, , , , , , , , , , , , , , , , , , , , $10.00 Register Book(s) , , , , , , , , , , , , , , , , , , , , , $40.00 Memorial folders , , , , . . , , , , , , , , , , , , , , , , , , $85.00 THE COST OF OUR SERVICES,EQUIPMENT,AND MERCHANDISE THAT YOU HAVE SELECTED . . . . . . . . . . . . . . . $9555.00 Cash Advances Sentinel Obituary w/Photo . . . . . . . . . . . . . . . . . . . . . $381.90 Patriot Obituary small one , , , , , , , , , , , , , , , , , , , , , $102.72 Certified Copies of Death Certificate . . . . . . . . . . . . . . . . . . $60.00 Clergy Honorarium , , , , , , , , , , , , , , , . . . . , . $125.00 Flowers, , , , , , , , , , , , , , , , , , , , , , , , , , , $174.90 Honor Guard , , . , $50.00 TOTAL CASH ADVANCES AND SPECIAL CHARGES . . . . . . . . $894.52 cve-g' Pte_ Tota! Total'Cost ' $10449.52 SUB-TOTAL $10449.52 INITIAL PAYMENT f DISCOUNT 1 CREDITS 0.00 TAL The unpaid balance over 30 days is subjected to a 1.50%service charge per month-18.000Oannum, nnum E $74449.52 �o -P, ezle�o w .td %,��- RECEIPT FOR PAYMENT ------------------- ------------------- GLENDA FARNER STRASBAUGH Receipt Date : 3/14/2013 CumberlanWPAU7� ounty - Register Of Wills Receipt Time : 16 : 04 : 03 One Courtse Square Receipt No. : 1073447 Carlisle 17613 NOLL ROBERT L Estate File No. : 2013-00310 Paid By Remarks : IRWIN & MCKNIGHT PC HMW ------------------------ Receipt Distribution ------------------------ Fee/Tax Description Payment Amount Payee Name PETITION LTRS TEST 710 . 00 CUMBERLAND COUNTY GENERAL FUN WILL 15 . 00 CUMBERLAND COUNTY GENERAL FUN SHORT CERTIFICATE 10 . 00 CUMBERLAND COUNTY GENERAL FUN JCS FEE 23 . 50 BUREAU OF RECEIPTS & CNTR M.D AUTOMATION FEE 5 . 00 CUMBERLAND COUNTY GENERAL FUN INVENTORY 15 . 00 CUMBERLAND COUNTY GENERAL FUN INH TAX RETURN 15 . 00 CUMBERLAND COUNTY GENERAL FUN ---------------- Check# 033424 $793 . 50 Total Received. . . . . . . . . $793 . 50 STEVEN W. BARRETT REAL ESTATE AND APPRAISAL SERVICES 505 S. HANOVER STREET, CARLISLE, PA 17013 (717) 243-6646 INVOICE 03/25/2014 Douglas G Miller, Esquire Irwin&McKnight Attorneys at Law 60 West Pomfret Street Carlisle, PA 17013 CLIENT: Noll Associates 14-0027—36 Courtyard Drive 14-0028- 111 McClures Gap Road 14-0029- 1881 Douglas Drive 14-0030—1879 Douglas Drive 14-0031- 1873 Douglas Drive 14-0032— 1878 Douglas Drive 14-0033—126 Virginia Avenue 14-0034—122 Virginia Avenue 14-0035—901 Newville Road 14-0036—909 Newville Road 14-0037C— 14 Brookwood Avenue Total Amount Due: $5900 i Terms: Payment Due Upon Receipt Please Make Checks Payable To: STEVEN W. BARRETT REAL ESTATE AND APPRAISAL SERVICES 505 SOUTH HANOVER STREET CARLISLE, PA 17013 Fed Id#236646804 YOUR SINGLE SOURCE...Professional, Efficient Service THANK YOU iA World'oirits ROBERT L NOLL Account Number:5466 32QO 4638 5892 December 12-January 10,2013 Account Information. www.bankofamerica,com i Payment Information Account Mail billing inquiries to: New Balance Total................................:.......................................$710.99 Previous Balance.......:....................$642.15 Bank of America Current Payment Due... ........................................................$27.00 Payments and Other Credits....................0.06 P.O.Bax 982235 Past Due Amount............................................................................$15.00 Purchases and Adjustments...............,,..48.16 EI Paso,TX 79998-2235 Fees Charged.....:.......................................... ..:15.00 Mail payments to: Total Minimum Payment Due...............7 ..........................................$42.00 Interest Charged............:,.....................:........ :..5.68 Bank of America .......... -.. .-._.. ......._.......... ... ...... _....--._. Payment Due.•Date- 2 9 33 P.O.Box 15019 New Balance Total.............:.........:...$710,99 Wilmington,DE 19886-5019 Late Payment Warning:If we do not receive your Total Minimum Payment by Customer Service: the date listed above,,you may have to pay a late fee of up to$35.00 and Total Credit Line..........................$49,700,00 L800.250.6628 your APRs may be increased up to the Penalty APR of 29.99%. Total Credit Available...................$48,989.01 Total Minimum Payment Warning:If you make only the Total Minimum Cash Credit Line......:..................$15,000.00 ;1.800,346.3178 TTY} Payment each period,you will pay more.in interest and it will take you longer Portion of Credit Available to pay off your balance.For example: for Cash.....................................$15,000.00 Statement Closing Date...................1/10/13 no You will payofr And you will end Days in Billing Cycle..................................30 using this • shown • • and c-a&h rnionth you pay Only the,Total: 5 years $900.28 Minimum Payment If you would like information about,credit counseling services,call ' 1-866-300-5238 .................................. .....:...........................................................................:...................._...........:...-.... . ............... _ Transactions rransectlon Posting Reference Account Date oats Descrlptlon Number Number Amount Tore/ Purchases and Adjustments 12/11 12/12 RITE AID STORE 3607QO5 CARLISLE PA 4453 5892 33.36 12/14 12/15 S CLYDEWEAVER-W SHORE LEMOYNE PA 0421 5892 14.80 $48.16 Fees 01/09 01/09 LATE FEE FOR PAYMENT DUE 01/09' 0690 15A0 TOTAL FEES,FOR THIS PERIOD $1590 { Of You have rewards points that may expire soon,please visit www.bankofamerica.com/worldpoints to redeem your points for cash,merchandise,great gift cards, travel and more. { Be entered for a chance to win great prizes by simply sharing your opinion.We invite you to join the Bank of America Advisory Panel to help shape your j banking.You can tell us what you think we're doing right and what we need to do better.To learn more,visit www.bankofamerica.com/advisorypanel GREENAWALT& COMPANY, P.C. 400 WEST MAIN STREET MECHANICSBURG, PA 17055 717-766-4763 (phone) 717-766-2731 (fax) Robert Noll 906 Newville Road Carlisle, PA 17013 April 23, 2013 Client#2485 Invoice#3106 For Professional Services Rendered: Preparation of 2012 individual Federal, State and local income tax returns $ 1.040.00 AMOUNT DUE IS PAYABLE UPON RECEIPT OF BILL.DELINQUENT ACCOUNTS WILL BE CHARGED A SERVICE CHARGE OF 1.50%PER MONTH.THANK YOU FOR KEEPING YOUR ACCOUNT CURRENT. Greenawalt & Company, P.C. 400 West Main Street Mechanicsburg, PA 17055 717-766-4763 April 6, 2014 Estate Of Robert L.Noll Susan J. Sherman 60 West Pomfret Street Carlisle,PA 17013 For professional services rendered in connection with the preparation of your fiduciary tax forms for the tax year ending 11/30/13. Amount due $ 1,175.00 Payable To: Office Hours: MAR,.APR,JUL,AUG TUES 10.4,THUR 10-6 Bill No: 4416 ROBIN K SOLLENBERGER,TAX COLLECTOR MAY,JUN,SEP,OCT THURS 10-6 Bill Date: 3/1/13 5 HILL DRIVE APPT ONLY JAN,FEB,NOV,DEC;. Control No:29-004626 CARLISLE,PA 17013 PHON ►249-0747 OCC Discount Face Penalty COUNTY PC $4.90 $5.00 $5.50 $1.00 FEE FOR ADDITIONAL RECEIPTS MUN PC $4.90. $5.00 $5.50 4 Tax Payer: ROBERT L.NOLL TAX AMOUNT DUE $9.80 $10.00 $11.00 100 CHESTER ST If Date of Payment Is on 311/13 thru 4/30/13 5/1/13 thru 6130/13 7/1/13 or Late CARLISLE PA 17013-1004 r rm uv«wrcnivwnIync, C,rA,r,nV 3, tN-.r _ 0333�i3 . 013 • f PAGE I OF I rSTATE At" DATE: 05/09/2023 vu Insurance Companies NOTICE OF PAYMENT DUE AGENT: MILLER INSURANCE ASSOC INC PHONE: 717-243-4400 PA 000261 . • �oze� ROBERT L KOLL "i0.' fl' ::.;>::;...#..:.;<�..�.�>:: .t�►..�:.;:.;:.;:.:� �.>:.>:.;:. 906EW ILLE RD N V 'Y PA 17013 _............. CARLISLE . I ;::::; :;:::::<:::::::>:<::<::=::<:::::>:<:;:>::::>:::>::::::> :::::::::::::>::::::::.::;. >::::,. <;«:::>; RIES ' ::.01 :<:::>::>:>:::::::>.... �►1 .I .........:.1�' � ::::;_::>::;�::::::<.:;:.;;;::;,::..;;.,::.:;..::y::.;.;.,;:::,;;•::,;::;;.y.;;:;;:,:••::; :;::;;f:::S::;isS:;::;:[:::a:;::;::;s>::>SS:%�::::;ii::�>::<::>:::::z:::;::::::;:>::>::::>:>:.>:;;<:::::>:::::::;:::>::>::>:<::>:::>::<::�::>::>::>:<z:;::e>?:>::::>::::'StjSiL'.::. ::::.::.::::::::.::.:.::::::::::::.::::::::::::::::::::::::::::::::.::.$............................................. 1� a PAYMENT OPTIONS :;:: :.; .; .:.:.. .::: .: . ..�;:::: `�t::�>�:;Ifs'�"�►1wil� �t��3.::��`.�� tSJ. �:.::...E::...��1�'.�..IIS.AI��t( �+3:�''::�!:L;�{�1::::>::::>::::>::::»: PAY $239.00 Not Applicable ELECTRONIC FUNDS TRANSFER OPTION - Complete the "E-PAY" Payment Plan Authorization form(see reverse side of billing stub) so we can automatically withdraw future monthly payments from your bank account. PAY $47.80 now via check nw �or� w c-- }+vratrcm v�u acr-�Ki�sr �`i�...:iMAW �.,.'"^—— •"'"S;k`�s�i�`'�tiSF''"i��;�r.S�.s`�°^nb'�w?����•':5�� _ —..._ F' Bills nowdue and payable To: 2014-2015 CARLISLE AREA SCHOOL DISTRICT REAL ESTATE BILL MELANIE STRICKLAND 2053 SPRING RD 2%Discount Face 10%Penalty CARLISLE PA 17013 Tax Type(s) Mills Jul 01-Aug 31 Sep 01-Oct 31 Nov 01-Dec 31 School 12.9333 $4,263.74 $4,350.76 $4,785.84 Office Hours: See Reverse Side 1D N Phone: 717-254-1291 �� 1 201y tals S�R�C i�pElP�1E�5����R NOLL ASSOCIATES T� Bill# 03Ok3 Parcel 29-20-1794-086. 906 NEWVILLE ROAD Issue 7/1/201 Land Use 105 CARLISLE, PA 17013 Location 909 NEWVILLE ROAD Beginning Assessment $336,400 Homestead Reduction $0 HOME OWNER COPY Farmstead Reduction $0 SII I' �pp� pIp I�pp��pII Net Assessment $336,400 II�IfVI�INIII1911I1I1'WIIIIII�IIIIIIIIIGIIIuII IF PAYING-INSTALLMENTS, START WITH COUPON#1 AT THE BOTTOM - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bills nowdue and payable To: 2014-2015 CARLISLE AREA SCHOOL DISTRICT REAL ESTATE BILL MELANIE STRICKLAND 2053 SPRING RD No Discount Face 10%Penalty CARLISLE PA 17013 Tax Type(s) Mills Before Oct 31 After Oct 31 3 School 12.9333 $1,450.26 $1,595.29 Office Hours: See Reverse Side Phone: 717-254-1291 Installment 3(Discard if paid in Full) i ° t$ rEVENN ' . ��'� �'r�TOTALS`�``''"�`�.�1�450��6 � `�` '1 595129 "'.. �u * .,..4 ?'; NOLL ASSOCIATES Bill# 003063 Parcel 29-20-1794-086. 906 NEWVILLE ROAD Issued 7/1/2014 Land use 105 CARLISLE, PA 17013 Location 909 NEWVILLE ROAD Beginning Assessment $336,400 Homestead Reduction $0 IMPORTANT! Farmstead Reduction $0 READ INSTRUCTIONS ON BACK Net Assessment $336,400 ����IIIIIIIOIIIIII�lllll�inllll�ll��l��lllll�l TEAR HERE - --... ...__.. -. _.._...._...-...._...__._.. ................ - ..._... .............................._................ ... _... ._._... ..... ......._......._.. ... ... - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - = - - - - - - - - - - - - - Bills nowdue and payable To: 2014-2015 CARLISLE AREA SCHOOL DISTRICT REAL ESTATE BILL MELANIE STRICKLAND 2053 SPRING RD No Discount Face 10%Penalty CARLISLE PA 17013 Tax Type(s) Mills Before Sep 30 After Sep 30 2 School 12.9333 $1,450.25 $1,595.28 Office Hours: See Reverse Side Phone: 717-254-1291 . 1.+GLr�,A.. *+,fr,� �-'Es. :'4- r9 Installment 2(Discard if paid in Full) nWTOAL $1,45025 NOLL ASSOCIATES Bill# 003063 Parcel 29-20-1794-086. 906 NEWVILLE ROAD Issued 7/1/2014 Land Use 105 CARLISLE, PA 17013 Location 909 NEWVILLE ROAD Beginning Assessment $336,400 Homestead Reduction $0 IMPORTANT! Farmstead Reduction $0 READ INSTRUCTIONS ON BACK Net Assessment $336,400 �IIII I�IIII DII III II{�III IIII�11111111{I 11111�1IIII�I TEAR HERE