The URL can be used to link to this page

Home My WebLink About12-30-14 � r * r--- 150567�0149 --� REV-'lSaQ �"°��"'�� OFFICIAL USB flNLY PA oepartmern at Revenue ""'""f°`�""'" Courdv Code Year F(I�Number 8ureau of lndiNdusl Tax� INHERITANCE TAX RETURN Qo sox zaoeot 21 14 0�4 6 +tarr�sdu�,PA 1712&08D1 RESIDENT DECEDENT E�ITER DEGEI}�N7 IN�OWNATION BEL4W Soci�Securlty Number Date of Peath MMDDYYYY Date of Sirth MMDDYYYY 12 03 2013 �9 05 1923 Decedent's Last N�ne Suflix Deceder►Ys First Name MI Reeves John G (If Appllcabis)EMer 3urviving Spouse`s Information Selow Spousa'slasi Name SuNfx Spa,se's First Name Ml spouse's socta�5ecurny tvumt�er THIS R�TURN MUS7 BE FtLED tN DUPI.iGATE WITH THE REGISTER OF WILLS FILL IN APPROPRIAT�OVALS BEi.OW � l.Oripinal Retum O �. Supplemenial Retum O 3. Remalnder Retum{Date of Death Prior to 12-19•82) � 4.Limited Estaate L 4a. Future Int�eai Camp�omise(date of C� 5. Federal Estate 7sx iieium ReQuired aa$tn at��2-T2-aa) � B.pecedent Died Testate O 7. Decedertt Msk�talned e Llvf�g Trust 8. 7oiai Number ot Sefe Depoeit Boxes {Att9Ch Copy of WUIj (AtlaCh Copy of Tcust.} Q 9.liflgaqon Praceeds Receiv�d � 14. Spousal Povefty Credit{Daie ot Death Q 11.Electfon to Tax under Sec.9913(A) Between 12-31-91 pnd 1•t-96� {AitaCh Sctredula�) COi'�tE8PONDENT-THIS SF�TION MUST�t�AOPLETEQ.ALL CQRRESPdNDEHCE AND WNFiDENML Tl4)(INFQRI�tAT�DN SHOULO BE DIRECTED T0: Ne� Dayfime Telephone Number Jahn A • Feichtel, Esqui�e 7Z7 612 5803 RE�ISTER OF WIIE�iJSE ONLY� � � �'i rn ,� �' �—� c� � Flrst Une of Address � � � c,n p Saidis, Sullivan & Ragers ��f� � � W �-ri � o . .a r� Secand Une of Address • `;- , -�•� e"'> 6�5 North 12�h Street, Suite 4t7D + �' `�.' .� :V , -�T� , c> � --DA�FlLED c�y or Po�t ot�� stace z�p coaa .�:� rv r�-. rn E.emoyne PA �,7a4� � u, v� ,� � w correaporutent�s e-mau aadress: J�ichtel c�,,Dss�-attorneys.com lmder�nalUes of parjury,I deciera that I have�amir�ed ihia retum,lncludln�aaoanpanylr�sctr�ulae erid atatet�nts,and ko the best of my kno�Med9e and beiet, R Is tnie,c:wred end complete.8edatatbn o(prepsrer oiher than the person�repreaent�hre k besed on eil Mo�rsatWn oi v�tcl�prepa�has arryr knowledge. SiGNATUR F pE SON RESP�NSIBLE R FItINO FtETURN DATE . ` ' '-�-� `Z — �� AODRE85 1 Shady Cove Court Chesapeak ,VA 23320 SIGNATURE OF PREP E T �a DATE c.._.______. - --A—.�--� -. l � A�ss o ui e Lernayne, PA 17043 PLEASE U$E ORIt91NAL FORM ONLY Side 1 � 15Q561�1�49 7�a1756z01,49 J i � 150561�249 REV-1500 EX(FI) DecedenYs Social Security Number DecedenYs Name: John G Reeves RECAPITULATION 1. Reai Estate(Schedule A) ... ...... . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 1. � - �� 2. Stocks and Bonds(Schedule B) 2� � • �� . . . . . . . .. . ..... . . . . . . . . . .. . . . . . . . . . . 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) . . . . . 3. � - �0 4. Mort a es and Notes Receivable(Schedule D 4, � • �� 9 9 ) .. . .. . . . . . . . . . . . . . . . . . . . . 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E) . . . .. . 5. 10,5 5 5 • 71 6. Jointly Owned Property(Schedule F) � Separate Biiling Requested . . . . 6. 9 0 ,9 0� • �� 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property � • �0 (Schedule G) O Separate Billing Requested . . . . 7. 8. Total Gross Assets total Lines 1 throu n 7 . . . , ... ... . . 8. 101,4 5 5 • �1 � 9 ) . . . . . . . . . . . . . . . 9. Funeral Expenses and Administrative Costs(Schedule H) . . . . . . . . . . . . . . . . . 9. 11 ,4 4 6 • 8 0 10. Debts of Decedent, Mort a e Liabilities and Liens(Schedule I 10. 7 6 ,515 • 7 3 9 9 ) . . . .. . . . . . . . . . 11. Total Deductions(total Lines 9 and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 8 7 ,9 6 2 • 5 3 12. Net Value of Estate(Line 8 minus Line 11) . . . . .. . . . . . . . 12. 13, 4 9 3 • 18 . . . . . . . . . . . . .. . 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) . . . . . . . . . . . .. . . . . . . . . . . 13. � • �0 14. Net Value Subject to Tax(Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . . 14. 13, 4 9 3 • 18 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 Q • �� 15. � • 0� (a)(1.2)X.0 0 16. Amount of Line 14 taxabie at lineal rate X.0 45 � • 00 16. 0 • �� 17. Amount of Line 14 taxable at sibling rate X.12 � • �� 7• � • �� 18. Amount of Line 14 taxabie 13 ,4 9 3 • 18 �$. 2,0 2 3 • 9 8 at coliateral rate X.15 19. TAX DUE . . . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 19. 2 ,0 2 3 • 9 8 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT � Side 2 � 1505610249 150561,0249 � REV-1500 EX(FI) Page 3 File Number Decedent's Complete Address: 21 14 0046 DECEDENT'S NAME John G. Reeves STREET ADDRESS 3505 Raintree Lane CITY STATE ZIP Mechanicsburg PA 17050 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 2,023.98 2. Credits/Payments A.Prior Payments 0.00 B.Discount 0.00 Total Credits(A+B 1 (21 0.00 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1+Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 2,023.98 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 .. . . . . . . . . . . . . .. . . . . . .. . . . . . . . ❑ 0 b. retain the right to designate who shall use the property transferred or its income . . . . . . . ❑ ❑X c. retain a reversionary interest . .. .. . . .. . . . . .. . . . . . .. . . . . . . . . . . . . . . . . . .. . . . .. .. . ❑ X❑ d. receive the promise for life of either payments, benefits or care? . . . . . . . . . . . . . . . . . . . . ❑ 0 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . .... . ... .. . . . . . . . . . . . . . . . . . . . . . . . . ❑ � 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her tleath?. . . ❑ � 4. Did decedent own an individual retirement account, annuity or other non-probate property,which contains a beneficiary designation?.... .... .... . . . . . . . . .. . . . . . . . . . . . . ❑ 0 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[l2 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,antl the statutory requirements for disclosure of assets antl filing a tax return are still applicable even if the suroiving spouse is the only beneficiary. For tlates 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 naturai 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 tlecedenYs lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedenYs siblings is 12 percent[72 P.S.§9116(a)(1.3)].A sibling is defined, under Section 9102,as an intlividual who has at least one parent in common with the decedent,whether by blood or adoption. , � REV-1548 EX+ (OS-12) ' : pennsylvania S C H E D U L E E '�� OEPARTMENTOFREVENUE CASH, BANK DEPOSITS & MISC. INHERITANCETAXRETURN pERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: John G. Reeves 21 14 0046 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointty owned with right of survivorship must be disclosed on Schedule F. ITEM DESCRIPTION VALUE AT DATE NUMBER OFDEATH 1 Welis Fargo Checking Account 1016265777 5,536.72 Per 3/4/14 letter 2 Welis Fargo Savings Account 1016274548 4,539.41 Per 3/4/14 letter 3 Health Insurance Refund 194.13 4 Magazine Subscription Refund 84.31 5 American Express Travel Related Services 53.74 6 Long Island Railroad Pension Check 147.40 TOTAL (Also enter on Line 5, Recapitulation) 10,555.71 If more space is needed, use additional sheets of paper of the same size. , � REV-1509 EX+ (01-10) . -: pennsylvania SCHEDULE F � DEPARTMENT OF REVENUE INHERITANCETAXRETURN JOINTLY-OWNED PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: John G. Reeves 21 14 0046 If an asset became jointly owned witl�in one year of the decedenYs date of death,it must be reporbed on Schedule G. SURVIVING JOINT TENANT(S) NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A. Beryl L. Hill 8 Parkside Circle Friend Levittown, PA 19056 B. C. 70INTLY OWNED PROPERTY: ITEM LETTER DATE DECSRIPTION OF PROPERTY DATE OF DEATH �OF DATE Of DEATH NUMBE FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR VALUE OF ASSET ECEDENT'S VALUE OF TENANT JOINT SIMILAR IDENTIFYING NUMBER.ATiACH DEED FOR JOINTLY HELD REAL ESTATE INTEREST DECEDENT'S INTEREST 1 A 11/2002 8 Parkside Circle, Levittown, PA owned jointly 181,800.00 50.000 90,900.00 with Beryl Hill Total assessed value x common level ratio= $181,800 TOTAL (Also enter on Line 6, Recapitulation) 90,900.00 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (08-13) �� pennsylvania S C H E D U L E H 6EPARTMENT DF REVENUE FUNERAL EXPENSES AND INHERITANCETAXRETURN ADMINSTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER John G. Reeves 21 14 0046 DecedenYs debts must be reported on Schedule I. ITEM DESCRI PTI ON AMOU NT NUMBER A. FUNERALEXPENSES: 1 Funeral Expenses 9,246.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personai Representative(s) Street Address City State ZIP Year(s) Commission Paid: 2. Attorney Fees: 1,500.00 3. Fdmily Exemption: (If decedenYs address is not the same as claimanYs, attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: 178.50 5. Accountant Fees: 6. Tax Return Preparer Fees: See schedule attached 522.30 TOTAL (Also enter on Line 9, Recapitulation) 11,446.80 If more space is needed, use additional sheets of paper of the same size. Page 2 Estate of: John G. Reeves 21 14 0046 Schedule H, Part B - Administrative Costs Miscellaneous Expenses Item Number Description Amount 7 Saidis, Sullivan & Rogers, reimbursement for legal advertising to the 75.00 Cumberland Law Journal 8 Holy Spirit Hospital 150.00 9 Saidis, Sullivan & Rogers, reimbursement for legal advertising to The 169.30 Sentinel 10 Wells Fargo, monthly service fees 28.00 11 Saidis, Sullivan & Rogers, out of pocket expenses (reserve) 100.00 TOTAL. (Carry forward to main schedule) . . . . . . 522.30 REV-1512 EX+ (12-12) �' pennsylvania S C H E D U LE I OEPARTMENTOFREVENUE DEBTS OF DECEDENT, INHERITANCETAXRETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER John G. Reeves 21 14 0046 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,induding unreimbursed medical expenses. ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH 1 Verizon Financial 59�87 2 Check number 7187 made payable to Sara Semcheski written prior to, but 25.00 clearing after Decedent's date of death 3 Financial Freedom Mortgage joint with Beryl Hill 76,430.86 Total balance$152,826.72 plus $35.00 monthly service fee TOTAL (Also enter on Line 10, Recapitulation) 76,515.73 If more space is needed, insert additional sheets of the same size REV-1513 EX+ (01-10) : pennsylvania S C H E D U L E 7 �� OEPARTMENT DF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF: FILE NUMBER: John G. Reeves 21 14 0046 NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY RELATIONSHIP TO DECEDENT AMOUNT OR SHARE Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS(Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 4 Beryl L. Hill Friend 13,493.18 8 Parkside Circle Levittown, PA 19056 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: TOTAL OF PART II- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. If more space is needed, use additional sheets of paper of the same size. � � a � � � b '' � � a �? , a c°�i .o d� � y � ��: N � �. � N N W O M � �.. A .a .-��. ff! EA L N � Q d � �D 'C ++ �p iC ti Cd y,�. Vi � U q cd C. N � V y O O � d O o t� � C C v " O O U .� P. 0.. � � 0� �) �. Q�',��' :E5 tR � M � �D � ;� O lfj � ;� o � o,�. � � � yb � � v � F 3,� ;. o 0 c+ O M A � '.'.� >'�O :��. .' � 5�9 v'� � d ^b . � �.Q,.�: ' . d N � ,',C� �'..'�. :: n � a,fl ,o d, w .� p, , � � a �. ' :� � i. d � G�7 � � .0 , � d �r" �� ' « �. ; � � � , ' � a � � � � � � � � � U U U A � � i--i >, � M O o � U � �o e C/1 N rn � M , ?? ,9 � M .. � � � L' � S b � � � U � y O. ,. 't'�' .� c0 � C � 6J '.1 •� � �i V N 'r"j y '�C � � � � � � � � � . � ^ b U � � �- . V �i � � � � -: V � � O A O "� ~ � � d v�i w � � � � � � � O O J O � y Q a� �, � z ►� �. �. � � � � a �p � � � x � E"� � M � 3 � � � � .� � � � : ��. � � � d � N � C: � � C V �°n a c° a°-� e �v � � � CCS = b �° '—+ a CCi �, � � � � � $ o ,� a - U � � A . � � � .,, .. •.. . _- : � cwc � � , � "; . . � � �" p 0 � 'b C��J Z7 i : 6�7 j � > C G cNc � a+ CG a� f.� a� O � b O d � , C7 � � � � � a3i a..� � � .. � ,� O ', - C m C vi w � a�i � Q A A R', � _ � ° c°4 �°, cG° z° c°� E�-� Bucks County, Pennsylvania � Board of Assessment Page 1 of 1 PQRID: Q5-021-263 MUIV: Q5- BRISTOL TWP HILL, BERYL L 8 PARKSIDE CER Assessment History �Jate Reason CD Cdotice��fe EfFectit�e Land Eido Toiai 319 319 319 Homestead Tax Date Asmf A.smt Asmt Land Bldg Totai t�ailed? Year 07-JUL-14 390 - School $4,120 $15,880 $20,000 $0 $0 $0 2014 22-JAN-14 999 -YearEnd $4,120 $15,880 $20,000 �0 $0 $0 2014 Certification 28-JUN-13 999 -Year End $4,120 $15,880 $20,000 $0 $0 $0 2013 Certification 23-JAN-13 999 -Year End $4,120 $15,880 $20,000 $0 $0 $0 2013 Certification ZS-APR-11 374 - Ratio Change 05-JAN-05 O1-JAN-05 �4,120 $15,880 $20,000 $0 $0 $0 2011 2005 Tax Year 28-APR-11 374- Ratio Change 05-JAN-05 O1-JAN-05 $4,120 $15,880 $Z0,000 $0 $0 $0 2010 2005 Tax Year 28-APR-11 374- Ratio Change 05-JAN-05 O1-JAN-05 $4,120 $15,880 $20,000 $0 $0 $0 2009 2005 Tax Year 28-APR-11 374- Ratio Change 05-JAN-05 01-JAN-05 $4,120 $15,880 $20,000 $0 $0 $0 2008 2005 Tax Year 28-APR-11 374 - Ratio Change 05-JAN-05 O1-JAN-05 $4,120 $15,880 $20,000 $0 $0 $0 2007 2005 Tax Year 28-APR-11 374 - Ratio Change 05-JAN-05 O1-JAN-05 $4,120 $15,880 $20,000 $0 $0 $0 2005 2005 Tax Year ASSESSMENT HISTORY Note: To find the current assessment for totallv exemot�arcels you MUST refer to the Values Tab. Parcels that are partiallv taxable and partiallv exempt will show the assessed taxable portion only in the Assessment History Tab. a � ` b� � � � � � �� =-�.�.�.�,x�_�_�. �� I � � � ,, a--° http://��v.buckscountyboa.org/pt/Datalets/PrintDatalet.aspx?pin=05-021-263&gsp=AS SES SHL.. 10/27/2014 , -: File No. 02-582 Parcei ID No. 5-21-263 This Indenture, �de�S 18�' day of November,2002 Between BERYL L.ffiLL (hereinafter called the Grantor),of the one part,and BERYL L.HILL and JOHN G.REEVES,as joint tenants with the right of survivorship (hereinafter called the Crrantees),of the other part, Witnesseth, that the said Grantor for and in consideration of the sum of OrE and 40/104 Dollars(�1.d0) lawful money of the United States of America, unto her well and truly paid by the said Grantees, at or before the sealing and delivery hereof, the receipt whereof is hereby aclrnowledged, has granted, bargained and sold, released and confrmed, and by these presents does grant, bargain and sell, release and confirm unto the said Grantees, as joint tenants with the right of sur�-ivorship their assigns and unto the survivor af thezn, and the surviror's personal representatives and assigns,their heirs and assigns, ALL THAT CERTAIN lot,piece or parcel of land with the building and improvements thereon, Situate in the Township of Bristol, County of Bucks and Commonwealth of Pennsylvania, shown and designated as Lot 4770-R on Subdivision Map of "Plumbridge", Levittown, Section 54 filed in the Office of the Recorder of Deeds of Bucks County, PA, on 1/7/1954 in Plan Book 7 page 40, hounded and described as follows: BEGIlV'1�TING at a point on the Northeasterly side of Parkside Circle (50 feet wide) at the distance of 100.47 feet measured Northwestwardly frorn the Northwesterly side of Plumbridge Drive(50 feet wide}; thence extending along said Parkside Circle on the arc of a circle curving to the right having a radius of 149.31 feet the arc distance of 56.94 feet to a point of tangent; thence still along the same, North 21 degrees 24 minutes 51 seconds �'est 50 feet to a point; thence along Lot 4771R, North 68 degrees 35 minutes 09 seconds East 138.25 feet ta a point;thence along Lot 4788R, South 53 degrees 55 minutes 52 seconds East 7.51 feet to a point; thence along the rear of Lots 4789R, 4769R and 4768R, South 31 degrees 33 minutes 26 seconds West 1b4.79 feet to the first mentioned point and place of beginning. BEIl�'G known as 8 Parkside Circle. BEING Parcel#5-21-263. BEING THE S�NLE PREMISES which Susan V. Hill by Deed Dated 8/24/1984 and Recorded 9/4/1984 in Bucks County, in Deed Boak 2574, page 263 granted and conveyed unto Joseph T. Hill and Beryl L.Hill, h/w, in fee. t : �� 3 .� .� AND THE SAID Joseph T. Hill has since departed tlus life an May Sth, 1990 thereby vesting title into Beryl L.Hill by right of sun�ivorship Together with all and singular the buildings and improvements, ways, streets, alleys, driveways,passages, waters, water-courses, rights, liberties, privileges, hereditaznents and appurtenances, whatsoever unto the hereby granted premises beIonging, or in anywise appertaining, and the reversions and remainders, rents, issues, and profits thereof; and alI the estate, right, title, interest, praperty, claim and demand whatsaever of her, the said grantor, as well at Iaw as in equity,of,in and to the same. 7'O have and to hold the said 1ot or piece of ground described above, ��ith the buildings and improvements thereon erected., hereditaments and premises hereby granted, or mentioned and intended so to be, with the appurtenances,unto the said Grantees,their heirs and assigns, to and for the only proper use and behoof of the said Grantees,their heirs and assigns,farever. 1�I1C3. the said Grantor, for herself and her heirs,executors and administrators, does,by these presents, co�c�enant, grant and agree,to and with the said Grantees,their heirs and assigns,that she,the said Grantor, and her heirs,all and singular the hereditaments and premises herein described and granted, or mentionec3 and intended so to be, with the appurtenances, unto the said Grantees, their heirs and assigns, against her, the said Grantor, and her heirs, and against all and every other person and persons whosoever lawfully claiming or to claim the same or any part thereof,by, from or under him,her,it,or any of them, shall and R�ili Warrant and Forever Defend. ITl W1t11eSS �IeT80f the party of the first part has hereunto set her hand and seal.Dated the day and year first above w7itten. � Sealed and Delivered LN THE PRESENCE OF US: � "�� {SEAL} Beryi Hill # i39�3� f1-45'-C� f3:�7CC30� i�Sbb9 ; . � �� TRA�J TRX ._ �fr5$.00 : �sR�:ST�3L TG�P` . �3e�.I.� - �STL '€�F' SD �3�7.{]t3 % .,. , •. � - : Commonwealth of Pennsylvania . County of Bucks ; ss ; � � On this the 18th day of November,2002 before me, Howard C. Strong a Notary Public for the o Couunonwealth of Pennsylvania, residing in the County of PropertyCourity, the tandersigned Officer, personally � appeared Beryl L. HiIl, lmown to me (or satisfactorily proven) to be the person whose nameis subscribed to the vcnthin instrument,and acknowledged that she executed the same for the purposes therein conta' . -° � N 1N��VTTNESS V4'HEREOF,I hereunto set my hand and off cial seal. '� _.. �. Notary Public My commission expires NOTa1RiAt�E-^.L The address of the above-named Grantees is: �a�;r��n c s:�c„r, hGThRY PU8lIC '— S Parkside Circle �:AA�:PiE T�t�+P �".a`�r'1�F7� GOL}?JTY � �.;v CO:c�Nii5St�6"d �;::,"-;*cS SEPT 6".'.^y CD Levitto«�n,A 19056 � - f �, � NOTARIAt SEAi. � 1fOWARD C STRONQ,NOTARY PttBLfC On behalf of t e Grantees MARPLE TWP DELAMtARE CCUNTY MY COMI4RlS510N EXAtRES SEPT 8 2065 File Na OZ-582 Record and return to: � Strong Abstract,Inc. 1990 Sproul Road _ - BroomaIl,PA 19008 �, � �� i ��«��i��i��f�r��f�� o ,r�,� 0502N1263 1 =� �' ,i S��[U��,1��I�Il��3�k1��i�u��ll��I . '4��1 .�� :•1�,:�f 7� SS ._.' .._. ........ ._...__ ._ . . .._.... • ...._ _._ _...,o.,.�.� �. r:-:� r��.�:.�.�.<S. r� �`r' � �� ^-vv«��.t T'}'' � :a fj � ',r � ' Inst. # 2D09083556 - Page 1 of 3 BUCKS COUNTY RECORDER OF DEEDS 55 East Court Street Doylestown, Pennsylvania 18901 (215) 348-6209 Instrument Number-2009083556 Recorded On 10/6/2009 At 10:�2:46 r�� Total Pages-3 *Instrument Type-11'IORTGAGE ASSIGNIVIENT In��oice Number-3330�6 User- SA�IC *11'Iortgagor-FINANCIAL FREEDOA'I SR FND CORP �Mortgagee-FINANCIAL FREEDOM ACQiJISITION L L C �Customer-FINAIVCIAL FREEDOA� *FEES RECORDING FEES $35.50 TOTAL PAID $35 .50 This is a certification page DO N�T DETACH This page is no�� part of this legal document. RETURN DOCUI��IENT TO: FIN�IVCLAL FREEDOM C/O NTC 2100 ALT. 19 NORTH P_�I.112IIARBOR,FL 34653 I hereby CERTIFY that this document is recorded in the Recorder of Deeds Office of Bucks County,Pennsylvania. LO�ERS O � ��' tc'� C.� r•� ��. )��- t��' x � �� Edward R.Gudknecht SCOUN� Recorder of Deeds *-Information denoted by an asterisk ma�change during the��erification process and ma}�not be reilected on this page. Boot�: 6238 Page: 131j ' � Inst. # 20D9083556 - Page 2 of 3 Prepared by: Jessica Fret��eIUNTC�2100 CERTIFIED PROPERTY IDENTIFICATION NTR�ERS :�lt. 19 North,Palm Harbor, 05-021-263- - BRISTOL Twe FL 34683(800)346-9152 CERTIFIED io oe 2009 BY bIDM Return To: Financial Freedom C/O NTC 2100 Alt 19 North Palm Harbor,FL 34683 Loan#: 0004$01178 Ef�'ecti�=e Date: OS/Ol/2009 UPI#: 5-21-263 aSSIGNMENT OF AZORTG?�GE FOR GOOD �'D VALL?�1BLE CONSIDERATION, the sufficiency of which is hereby ackno«�ledged, the undersigned, FINANCLAI, FREIDOR2 SE11'IOR F'CTNDING CORPOI2ATION A SUBSIDL4RY OF LEHII�AN BROTHERS BA:'�TK FSB,«'HOSE ADDRESS IS 190 TECHNOLOGY PARKR'AY SUTTE 100 , NORCROSS, GA 30092 by these presents does convey, grant, sell, assign, transfer and set over the described mortga�e together`vith the certain note(s)described therein together with all interest secured thereby,all liens,and any rights due or to become due thereon to MORTGAGE ELECTROl�'IC REGISTRATIOIV SYST��iZS,INC. (11�RS), A DELA`'�'ARE CORPORATION, ITS SUCCESS�RS OR ASSIGNS, AS NOn'lINEE FOR FINANCIAL FREED0112 ACQUISITION LI,C, P.O. BO� 2026, FLINT, 11�II 48501-2026, (_ASSIGNEE) Said mortgage dated 11/18/2002, in the amount of $217,500.00 made by BERYZ L. HII,L A1V7� JOHN G. REE��ES to FTNANCIAL FREIDOM SEIVIOR FUNDING CORPOR4TION A SUBSIDLARY OF LEH11�1N BROTHERS B_�1VK FSB recorded on 11/25/2002,in the Office of the Recorder of Deeds of BUCKS County,Pennsylvania,in Book 2993,Page 0969{or pocument No.) Mortgage Premise:8 PARKSIDE CIRCLE T��rP. OF BRISTOL LE��ITTOti��N,PA 19056 THE FOREGOING ASSIGNMIENT IS MADE VVITHOUT RECOURSE, REPRESENTATION OR WARRANTY,EXPRESS OR II��IPLIED,BY FINANCII�L FREEDOM SENIOR FUNDING CORPORr1TION. In ��Titness «�hereof, the said Corporation has caused this instrument to be eaecuted in its corporate name by DHLTRATA DOKO its VICE PRESIDENT and authorized signer, THIS OSTH DAY OF OCTOBER IN THE YEAR 2009 FIN�IVCIAL FREIDOM SF1�'IOR FUNDING CORPOR�TION A SLTBSIDL4RY OF LEHI1�N BROTHERS B.Al�'I�FSB ;�u�},a��' ,��_'' BY: Dhurata Doko Vice President FFSAM 10277797 Nl NIIN 1U085490004801178�I��RS PHO?�E 1-888-679-I��.RS formSBFRI��IPA1 � � Inst. # 2D09083556 - Page 3 of 3 Loan Number 0004801178 � STATE OF FLORIDA,COUNTI'OF PINELLAS On 10/05/2009, before me, CHRISTOPHER JONES the Undersigned, Notary Public, personally appeared DHUR4TA DOKO l�ow�n to me to be the VICE PRESIDENT of FINANCL4L FREEDOM SENiOR FLTNDING CORPORATION A SUBSIDIARY OF LEHMAN BROTHERS BANK FSB a corporation, and that s/he as such, being authorized so to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by themselves as such corporate officers. IN WZTNESS ��REOF, I hereunto set my hand and official seal. .,��. � �.a Y,+,�y= CHRfSTO � kES � Mot�ry Pubik-SWt at Floridf --.- e� : 1Yly Comm.Expitts Au4 a,20t2 ._.._. � '` _ _ s;�,� �:= Ccmmiatlon�DO At1478 Cluistopher Jon Notary Public '��°;�t,��'° gondaE T'Mrauph N�tionil Nottry Assn. Comm.Expires:Aug 3,2012 Certificate of Residence I, DHL�RATA DOKO, do certify that the Assigness's precise address is MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. �I��RS), A DBLAWARE CORPORATION, ITS SUCCESSORS OR ASSIGNS, AS NOMII�TEE FOR FINANCIAL FREEDOM ACQUISITION LLC, P.O. BOX 2026, FLINT, MI 48501-2026,(ASSIGI�TEE) ��' ��-�- Dhurata Doko Vice President Assignment of Mortgage from: FINAIvCIAL FREEDOM SEI�IOR FLTNDING CORPORATION A SUBSIDIARY OF LEHMAN BROTHERS B4NK FSB, WHOSE ADDRESS IS 190 TECHNOLOGY PARK��AY SLTITE 100,NORCROSS, GA 30092 to: MORTGAGE ELECTRONIC REGISTRP.TION SY STETZS, INC. (I��RS), A DELAWARE CORPORATION, ITS SUCCESSORS OR ASSIGNS, AS NOMIIv�EE FOR FIN�NCIAL FREEDOM P.CQUISITION LLC,P.O.BOX 2026,FLINT,I��48501-2026,(ASSIGNEE) I��ort�agor:BERYZ L.HILL 1�ND JOHN G.REEVES When Recorded Return To: Financial Freedom C/O NTC 21001�1t. 19I�Torth Palm Harbor,FL 34b8� All that certain lot or piece of ground situated in Mortgage Premise: 8 PARKSIDE CIRCLE TWP. OF BRISTOL LE��ITTO��rN,PA 19056 BUCKS (Borough or Township,if stated),Commorn�ealth of Penns}�lvania. �eing more particularly described in said mortgage. *10277797�` FFSAM 10277797 N1 I��IlN 100854900048011753 I��RS PHONE 1-888-679-A�RS form�.BFRI��IPAl . ,; � Strong Abstract, fnc. 1990 Sproul Road, 2nd floar BroomaJl, PA 19008 �Z�SlY Record and Return to: Financia� Freedom Senior Funding Corporation, a Subsidiary of Lehman Brothers Bank, FSB 784Q Roswell Road, Building 300, Suite 340 Ailanta, Georgia 30350-6877 FIiA Case Number: 44I-7039968 OPEN-END MORTGAGE (HOME EQUTTY CONVERSIUN) Commonwealth of Pennsylvania LOAN NO: 4801178 THIS MORTGAGE("Security Instnunent")is given NOVEMBER 18,2002. 3'he Mortgagor is BERYL L. HII,L, A SINGLfi WOMAN AND JOHN G. REEVES, A SINGLE MAN, whose address is 8 PARKSIDB CIRCLE, LEVITTOWN, PENNSYLVANIA 19056("Borrower"). This Securiry Instrument is gi�en to Financial Freedom Senior Funding Corporation, a Subsidiary of Lehman Brothers Bank, FSB, wiuch is organized and existing under the laws of the State of Delaware, and whose addcess is 784{) Roswell Road, Building 300, Suite 340, At�anta, Georgia 3Q35Q-6877("Lender"). Borrower has agre�d to repay to I.ender amounts which Lender is obligated to ad��ance, including future advances,under the terms of a Home Equity Conversion Loan Agreement dated the same date as ttus Securiry Instnunent{"Loan Agreement"). The agreement to repay is e�ridenced by Borrower's Note dated the same date as this Security Instrument {"Note"). This Security Instrument secures to Lender: (a) the repayment of tl�e debt e��idenced by the Note, with interest at a rate subject to adjustmen#, and all renewals, extensions and modifications of the Note, up to a maximum principal amount of$227,500.00; (b)the paymeat of ail other sums, with interest, advanced under Pazagzaph 5 to protect tlte security of this Security Instrument or otherwise due under Ehe terms of this Security Instrument; and(c)the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose,Borrower does hereby mortgage, grant and convey to Lender the following described property located in BUCKS County, Pennsylvania: 'The reaI property located at the address 8 PARKSIDE CIRCLE, LE��IT"FOVJN, PENN3YLVANIA 1905b, in the counry of BUCKS, state of PENNSYLVANiA, describad more fully on E�ibit A attached to this Martgage. TOGE'FHER WITH all the improvements now or hereafter erected on the property, and a�l easements, rights, appurtenances, and fixtures now or hereafter a part of the properiy. All replacements and additions shail also be covered by this Security Instrument. AIl of the foregoing is referred to in this Security Instnunent as the „Property." BORRO�VER COV$NANTS that Bonower is lawfulty seised of the estate hereby conveyed and has the right to mortgage, gzant and convey the Property and that the Property is unencumbered. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THTS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVE.NANTS. Borrower and Lender covenant and agree as foliows: 1. Payment oi Principal and Interest. Borrower shall pay ��hen due the principal of, and interest on, the debt evidenced by the Note. 2. Payment of Property Charges. Borrower shall pay all property charges consisting of ta�ces,ground rents,flood and haaard insurance premiums,and special assessments in a timely manner, and shall provide evidence of payment to Lender,tinless Lender pays property charges by withhoiding funds from monthly payments dae to the Bonower or by charging such payments to a line of credit as provided for in the Loan Agreement. -I- �K29q3 PGORbg EXHIBIT A Exhibit A io the Mortgage given on NOVEMBER 18, 2002, by BERYL L. HiLL, A SiNGLE WOMAN AND JOHN G. REEVES, A SINGLE MAN("Borrower") to Financial Freeclom Senior Funding Corporation, a Subsidiary of I.shrnan Brothers Bank, FSB {"Lender"). The Property is located in the oounty of BUCKS, state of PENN5YLVANIA, described as fotlows: ALL THA.T CERTAIN lo�,piece or parcel of land witli the building and imgrovements thereon, Situate in the Township of Bristol,County of Bucks and Commonwealth of Pennsylvania,shovc�and designated as Lot 477U-R on Subdivision Map of"Plumbridge", Levittown, Sect�on 54 f Ied in the Office of the Recarder of Deeds of Bucl�s County, PA, on 1/7/1954 in P1an Book 7 page 40,bounded and descn�bed as foliows: BEGINNING at a paint an the Northeasterly side of Paricside Circle .(50 feet wide} at the distance of 100.47 feet measttred Northwestwardly from the Northwesterly side of Plumbridge Drive{50 feet wide}; thence extending along said Pazkside Circle on the arc of a circle curving to the rigbt having a radius of 149.31 feet the arc distance of 56.94 feet to a point of tangent; thence still aiong the same, North 21 degrees 24 minutes 51 seconds West 50 feet to a point; thence along Lot 4771R, North 68 degrees 35 minutes 09 seconds East 138.25 feet to a point;#hence along Lot 4'I88R,South 53 degrees 55 minutes 52 seconds East 7:51 feet to a point; thence along the rear of Lots 4789R, 4769R and 4768R, South 31 degrees 33 minutes 26 seconds West 164.79 feet to the first;nnentioned point and pIace of beginning. BIING known as 81'arkside Circie. BEING Parcel#5-21-263. .• �K � � q � Pca � � � 3. Fire, Flood and Other Hazard Insurance. Borrower shall insure all improvements on the Property, whett�er now zn er.istence or subsequendy erected, against any hazards, casualties, and conringencies, including fire. This insurance shall be maintained in the amaunts,io the extent and for the periods required by Lender or the Secretary of Housing and Urban Development("Secretary"). Borrower shall also insure all improvements on the Property, whether now in existence or subsequently erected, against loss by floods to the extent reyuired by the Secretary. All insurance shall be carried witl�companies approved by Lender. The insurance policies and any renewals shall be held by Lender and shall include loss pa}�able cIauses in favor of, and in a form acceptable to, Lender. In the event of loss,Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made promptly by Borrower. Each insurance company concernetl is hereby authorized and directed to make payment for such loss I,ender, instead of to Borrower and Lender jointly. Insurance proceeds shall be applied to restorarion or repair of the damaged Property, if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's securiTy would be lessened,the insurance proceeds shall be applied first#o the reduction of any indebtedness under a Second Note and Second Securiiy Instrvment held by the Secretary on the Property and then to the redvction of the indebtedness under the Nate and this Security Instrument. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity Iegally entit�ed thereto. In the event of foreclosure of this Security Instrument or other transfer of title to the T?roperty that extinguishes the indebtedness, all right,title and interest of Borrower in and to insurance policies in force shall pass to the purchaser. 4. Occupancy, Preservat�on, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence afrer the exectution of this Security Instrument and Borrower(or at least one Borrower, if initially more than one person are Borrowers) and shall continue to occupy the Property as Borro��er's principal residence for the term of the Security Instrurnent. "Principal residence" shall have the same meaning as in the Loan Agreement. Borrower shati not commit waste or destroy, damage or substantially change the Property or allow the Pragerty to deteriorate, reasonable wear and tear excepted. Borrower shall also be in defauit if Borrower, during ihe Ioan application pracess, gave materially false or inaccurate information or statements to Lender (or failed to pravide Lender with any material info�nation)in connection with the Laan evidenced by the hTote,inciuding,but not limited to, representations concerning Borrower's occupancy of the Praperty as a principal residence. If this Securiry Instrument is on a leasehold, $orrower shall comply withe the provisions of the lease. If Borrower acquires fee title ta the Property, the leasehold and fee title shall not be mergad unless Lender agrees to merger in writing. 5. Charges to Borrower and Protectron of Lender's Rights in the Propecty. Borrower shall pay all governmental or municipal charges, fines and iznpositions that are not included in Paragraph 2. Bortower shafl pay these obligations on time directly to tt�e entity which is owed the payment. Tf failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Bonower shali promptly furnish to Lender receipCs evidencing these payments. Borrower shalI promptly discharge any lien which has priority aver this Security Instrument in the manner provided in Paragraph 12(c). If Borrower fails to make these payments or the property chazges required by Paragraph 2, or fails ta perform any other covenants and agreements containeti in this Securiry Instrument, or there is a Iegal proceeding that may signi�cantIy affact Lender's rights in the Property {such as a proceeding in bankruptcy, far condemnation or to enforce laws or regulatians),then Lender may do and pay whatever is necessary to protect the vaiue of the Property and Lender's rights in the Property, including payrnent of taxes, hazard insurance and other items mentioned in Paragraph 2. To protect Lender's security in the Property, Lender shail advance and charge to Borrower all amounts due to the Secretary for the Mortgage Insurance Premium("MIP")as defined in the Loan Agreement as well as all surns due to the loan servicer for servicing activities ("Servicing Fee") as defined in the Loan Agreement. Any amounts disbursed by Lznder under this Paragraph are obligatory and shall became an additional debt of Borrower as provided for in the Loan Agreement and shail be secured by this Security Instniment. -2- 6K29q3 �`G0 � 1 ! 6. Inspection. Lender or its agent may enter on, inspect or make appraisals of the Property in a reasonable manner and at reas�nable tunes provided that Lender shail give the Borrower notice prior to any inspection or appraisal spacifying a purpose for the inspection or appraisaI which mt�st be related to Lender's interest in the Praperty. If the Property is vacani or abandoned or the laan is in Qefault, Lender may take reasonable action to protect and preserve such vacant or abandoned Property wiEhout notice to the Borro��er. 7. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnaiion, or other taking of any part of the Property, or for conveyance in place of condemnation shall be paid to Lender. The proceeds shall be applied fizst to the reduction of any indebtedness under a Second Note and Second Seeurity Fnstrument held by the Secretary on the Property,and then to the reduction of the indebtedness under the Note and this Security Tnstrument. Any excess proceeds �ver an amaunt required to pay all outstanding indebtedness under the Note and this Securiry Instrument shall be paid to the entity legally entitled thereto. 8. Fe�s. I,�nder rnay collect fees and charges aathorizati by the Secretary. 9. Grounr�s for Accelerateon of Debt. (a) Due and Payable. Lender may require immediate payment in fnit of all sums secured by this Security Instnunent if: (i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; or (ii) Atl of a Bonower's title in the Properiy (or his or her beneficial interest in a trust awning all or part of the Property)is sold or otherwise transferred an no other Borrower retains{a)title to the Property in fee simple,(b)a leasehald under a lease for less than 99 years which is renewable or a]ease having a remaining period of not less than 50 years beyond the date of the lOQth birthday of the youngest Borrawer, or(c} a life estate in the Property {or a beneficzaI interest in a trust with such an inTerest in the Property). {b) Due and Payable vc�ith Secretary Approval. Lender may re�uire immediate payment ir�full of all sums secured by this Security Instrument, upon approval by an authorized representative o€the Secretary, if: (i) The Property ceases to be the principal residence of a Borrower for reasons other than death and the , Property is not the principal residence of ai least one other Borrower; or (ii} F�r a period of longer than twelve(12)consecutive months, a Borrower fails to physically occupy the Property because of physica�or mental illness and the Property is nat the principal residence of at least one other Borrower; or (iii} An obligation of the Bonower under this Security Instnunent is not performed. (c)Notice to Lender. Borrowar shall notify L.ender whenever any of ihe events listed in snbparagraphs(a)and (b)of this Paragraph 9(a)(ii)or(b)occur. (d) �rotice to Secretary and Borro�cer. Lender shall notify the Secretary and Borrower whenever the loan becomes dve and payable under this Paragraph 9(a)(ii) and(b). Lender shalI not have the right to commence foreclosure until Borrawer has had ihirty (30)days after notice to either: (i} Correct ttze matter which resulted in ti�e Security Instrument coming due and payable; or (ii) Pay the balance in full; or (iii) 5eil the Property for the lesser of the balance or 95% of the appraised value and apply the net proceeds of the sale toward the balance; or -3- �lt29q3PGt� � � 2 (iv) Provide the Lender with a deed in lieu of foreclosure_ (e) Treists. Conveyance of a Borrower's interest in the Property to a trust which meets the requirements of the Secretary, or conveyance of a trust's interests in the Property to a Borrower, shall not be considered a conveyance for purposes of this Paragraph. A trust shall not be considered an occupant or be considered as having a principal residence for purposes of this Paragraph 9. (fj Mortgage Not Insured. Borrower agrees that should this Security Instniment and the Note not be eiigible f�r insurance under the National Housing Act within eight(8)months from the date hereof, L,�nder may, at its option,require immediate payment in full of aiI sums se�ured by this Security Instrument. A written statemeat of any authorized agent of the Secretary dated subsequent to eight{8)months from the date hereof, declining to insure this Security Instrument and the Note, sl�ati be de�med conclusive proof of such ineligibility. Notwithstanding the foregoing,this option may not be exercised by Lender when the unavailabiFity of insurance is solely due to L.ender's failure to remit a mortgage insurance premium to the Secretary. 14. No Deficiency.Tudgements. Borrower shall have no personal liabiliry for payment of the debt secured by this Security Instrument. Lender may enforce the debt only through sale of the Property. L.�nder shall not be pemiitted to obtain a deficiency judgement against Borrower if the Security Instniment is foreclosed. If this Security Instnia�ent is assigned to the Secretary upon denland by the Secretary, Borrower shall not be liable for any difference between the mortgage insurance benefits paid to Lender and the outstanding indebtedness, including accrued interest, owed by Borrower at the time of the assignment. 11.Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full. This right applies evea after foreclosure proceedings are instituted. To reinstate this Securiry Instnunent, Borrower shaii correct tbe condition which resulted in the requirement for immediate payment in fuli. Foreclosure costs and reasanable and customary attomeys' fees and expenses properly associated with a foreclosure proceeding shall be added to the principal baIance. Upon reinstatement by Borrower, this Security Tnsznunent and the obligations that it secures shali reu�ain in effeet as 'if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if:{i} I,ender has accepted reinstatement after the commencsment of foreclosure proceedings within two (2) years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement wiil preclude foreciosure on different grouucis in the future, �r(iii)reinstatement will adversely affect the priority of the Security Instrument. 12. �irst L.ien Status (a)Aiodification. Borrower agrees to extend ttiis Security Instrument in accordance with this Paragraph 12(a). If Lender determines that the original lien status of the Security Instniment is jeopardized under state law (inciuding but not limited to situations where the amonnt secured by the Security Instnunent equals or exceeds the maximum principai amount stated or the maximum geriod under which loan advances retain the sazne lien prioriry inirially granted to loan advances has expired} and state law pemuts the original iien status to be maintained for future loan advances tlaroagh the execution and recordation of one or more docuinents, then F.ender shall obtain title evidence at Borrow°er's expense. If the title evidence indicates that the Property is not encumbered by any liens(exeept this Security Instrument,the Second Security Tnstrument described'zn Paragraph 13(a)and any subordinate liens that the Lender deter�unes wil]aiso be subordinate to any future loan advances), Lender shail request the Borrower to execute such documents. If state Iaw does not permit the originai lien sta#us to be extended to future loan advances, Borrower will be deemed to have failed to have performed an obligation under this Security Instrumeni. (b) Tax Deferral Programs. Borrower shaif not participate in a real estate tax deferral program, if any liens created by the tax deferral are not subordinate to this Security Instrument. (e) Prior Liens. Borrower shall promptly dischazge any lien which has priority over this Security Tnstrument uniess Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating -4- �� Zqq3 PG0 � 13 the lien ia alI amounts secured by tl�is Security Instrument. If Lsnder @etermines that any part of ihe Property is subject to a lien which may attain priority over this Security Instrument,I.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or ta3�e one or more of the actions set forth above within ten (10}days of the giving of natice. 13. Relatior�ship to Second Security Instrument. (a) Secand Security Insttvment. In order to secure payments which the Secretary may ma}:e to or on behalf of Bonower pursuani to Section 255(i){I)(A)of the National Housing Act and the L,oan Agreement, unless otherwise provided by the Secretary, the Secretary has required Borrower ta execute a Second Note an@ Second Security Instc�ument on the Praperty. (b) Relat�onship of�'irst and Second Security Instruments. Payments made by the Secretary shall not be included in the debt under the Note unless: (i) This Security dnstrument is assigned to the Secretary; or {ii) The Secretary accepts reimbursement by the Lender for all payments made by the Secretary. If the circumstances describad iti(i)or(ii)oecur, then all payments by the Secretary, including interest on the payments but excluding late charges paid by the Secretary, shall be inctuded in the debt under the Note. {c) Effect on Borrawer. Where there is no assignment or reimbursement as described in(h}(i)or{ii)and the Secretary makes paymenis to Borrower, then Borro�ver shall not: {i) Be required to pay amounts owed under the Note,or pay any rents and revenues of the Property under Paragraph 19 to Lender or a receiver of the Property,until the Secretary has required pa5nnent in full of aii outstanding principal and acerued interest under the Second Note; or (u) Be obligated to pay interest or shared appreciation under the Note at any time,whether accruetl before or after the papments by the Secretary, and whether or not accrued interest has been included in the principal balance under the Note. (d) No Duty of the Secretary. The Secretary has no duty to Lender t� enforce covenants of the Second Security Instrument or to take actions to preserve the va�ue of the Property,even thou;h L�nder may be unable to coilect arnounts owed under the Note because of restrictions in this Paragraph 13. 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. I5. Successors and Assigns Bound;Jaint and Several L'eability. The covenants and agzeements of this Security Instcument shall bind and beneftt the successors and assigns of T.�nder. Borrower may not assign any rights or obligations under this Security Instrument or nnder the Note, except to a trust that meets the requirements of the Secretary. Borrower's covenants and agreements shal2 be joint and several. 16.Notices. Any notice to Bonower provided for in this Security Tnstrument shall be given by deliveriag it or by maiiing it by fust class maiI unless appiicable law requires use of another method. The notice shail be directed to the Property Address or any other address alI Borrowers jointly designate. Any notice to Lender shall be given by first class maiI to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in This Security Tnstnunenl shall be deemed to have been given to Borrower or Lender when given as provided in this Paragraph 16. 17. Governing Law•; Sec�erabiIity. This Security Instrument shall be governed by Federat law and the law of ihe jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrvment or the Note conflicts with applicable law, such conflic#shall not affect other provisions of this Security Instniment ar the Note which can be given effect without the conflicting provision. 'Fo this end the provisions of this Security Instrument and the Note are declared to be severable. 18. Borrower's Copy. Borrower shall be given one conformed copy of the Note and this Security Instnunent. -5- �� g � � • �f NON-UNIFORM COVENANTS. Borrower and Lender fiirther covenant and agree as follows: 19. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender alI the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to colIect the rents and revenues and hereby dir�ts each tenant of the Property ta pay the rents to Lender or L,ender's agents. Hawever, prior to Lender's Norice to Borrower of Borrower's breach of any covenant or agreement in the Secnrity Instrument, Borrower shall collect and receive aiI rents and revenues of the Pmperry as trustee for tl�e benefit of L�nder and B�rrower. This assignment af rents constitutes an absolute assignment and not an assignment for additional security anIy. If Lender gives notice of breach to Borrower: (a) all rents rec�ived by Borrower shall be held by Borrower as trustee for benefit of L.ender only, to be applied to the sums secured by tlus Sacuriry Insmxment; (b)Lender shall be enritled to coilect and receive all of the rents of the Property; aad (c} each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent an L.en@er's written demand to the tenant. Barrower has not ezecuted any prior assignment of the rents and has not and will not perform any act that wouId prevent Lender from exercising its rights under this Paragraph 19. Lender shall not be required to enter upon, take cantrol of or maintain the Property befoze or after giving notice of breach to Borrower. However,Lender or a judicially appointed receiver may do sa at any time there is a breach. Any appiication of rents shall not cure or waive any defauIt or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by this Security Instrument is paid'zn full. 20. Foreclosure Procedure. If Lender reciuires immediate payment in fnll under Paragraph 9, L.ender may foreclose this Security Instrument by judicial proceeding. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Pazagraph 20, including,but not limited to, attorneys' fees and costs of title evidence to the extent permitted by applicable law. 21. Lien Priority. The full amount secured by this Security Instrument shall have the same priority over any other liens on the Property as if the full amount lzad been disbursed on the date the uutial disbursement was made, regardless of the actual date of any disbursement. The amount secured by this Security Instrument shall inciude all direet payments by L.ender to Borrowez and all other Ioan advances permitted by th.is Securiry instrument for any purpose. 'This lien priority shall agply notwithstanding any State constitution, law or regulation, except that this lien priority shalt not affect the priority of any liens for unpaid State or local governmental unit special assessments or iaxes. 22. Adjiastable Rate Feature. Under the Note, the iniiial stated interest rate of TWO AND NINETY-SIX HUNDREDTHS percent(2.960%)which acerues on the unpaid principa�balance("Initial Interest Rate")is subject to change, as described below. When the interest rate changes,the new adjusted interest rate will be applied to the total outstanding principal baiance. Each adjustment to the interest rate wiii be based upon the weekIy average yieid on United States Treasury Securities adjusted to a constant znaturity of one yeaz, ("Index"} plus a margin. The Index is pnblished in the Federal Reserve Bullstin and made available by the United States Treasury Depaztment in Statisticat Release H.15 (519). If the Index is no longer available, Lender will be required to use any index prescribed by the Department of Housing and Urban Development. The new index wiit have a historicai movement substantialIy similar to the original index, and the new index and margin will result in an annual percentage rate that 9s substantia[iy similar to the rate in effect at the time ihe original index becomes unavailable. Lender will perform the calculations described below to determine the new adjusted interest raTe. The interest rate may cbange on FEBRUARY 1, 2003, and on the frst day of and on that day of each succeeding year, or X the first day of each succeeding month(Change Date)until the loan is repaid in full. T2�e value of the Tndex will be determ.ined, using the most recent Index figuze available thirty(30)days before the Change Date {"Current Index"). Before each Change Date, the new interest rate v��iii be ca�culated by adding a margin ta the C�rrent Index. The s�nt of the margin plus the Current Index will be called the "Calculated Interest Rate" for each Change Date. The Calculated Interest Rate will be compared to the interest rate in effect immediately prior to the current Change Date (the "Existing Interest Rate). -6- sK2 � � 3 �G0g �15�; . ,.' � . Annualiy Adjusting Variable Rate Feature. X Monthly Adjusting Variable Ra#e Feature - The Calculated Interest Rate will never increase above TWELVE AND NINETY-SIX HUNDREDTHS (12.96%). The Calculated Interest Rate will be adjusted if necessary to comply with the rate limitation(s)described above and wili be in effect untii the next Change Date. At any change date, if the Calculated Interest Rate equals the Existing Interest Rate, the interest rate will not change. 23. ReleasQ. Upon payment of aII sums secvred by this Secnrity Instrument,this Security Instrument and the estate conveyed shall terminate and become void. After such occurrence, Lender shall discharge and satisfy this Security Instnunent without charge to Borrower. Borrower shall pay any recordation costs. 24. Waivers. Borrower, to the extent permitted by applicable law, waives and releases any error or defects in procaedings to enforce this Security Instniment, and hereby waives the benefit of any present or future laws providing for stay of execution, extension of tune, exemption from attac�unent, Ievy and sale, and homestead exemprion. 2S. Reinstatement Period. Borrower's time to reinstate provided in Paragraph 11 shaIl extend to one hour prior to khe commencement of bidding at a sheriff's sale or ozher sale pursuani to this Securiry Tnstnunent. 26. Purchase Money Mortgage. If any of the @ebt secured by this Security Instrument is lent to Borrower to acquire title to the Property, this Securiry Instrument shall be a purchase money mortgage. 27. Interest Rate After Judgment. Borrower agrees that the interest rate payable after a juctgment is entered on the Note or in an action of mortgage foreclosure shall be the rate payable from time to time under the Nofe. 28. Obligatory Loan Advances. Lender's responsibility to make Loan Advances under the tern�s of the Loan Agreement, including Loan AQvances of principal to Barrower as weli as Loan Advances of interest,MTP,Servicing Fees, and other charges shall be obligatory. 29. Riders to thes Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instnlment, the covenants of each such rider shall be incorporated into and shai! aznend and supplement the covenants and agraements of this Security Instrument as if the rider(s)were in a part of this Securiry Instrument. [Check applicable box(es}.] � Candominium Rider � PUD Rider � Shared Appreciation Rider � Other: BY SIGNTNG BELOW, Borrowez accepts and agrees to the terms contained in this Secnrity Instrument and in any rider(s) executed by Bo ow corded with it. Witnesses: �%��' � � Signature = `i- � "--•----- J HN G. REEVES (Borrower) BERY L. HI L �( orrower} -7- �� q3 �� aq -� � �� Notarv Acirnowtedgement Commonwealth of Pennsyivania County of �(fGl�-� F �1 (f�� _ S�K-(��L1 , a Notary Public in and for said county and state do hereby certify that JOHN G. REEVES AND BE L i,. HILL, personally known to me {or proved ta me on the basis of sarisfactory evidence}to be the persons whose names are subscribed to the foregoing instrument, appeared before me this day in person, and acknowledged that they signed and delivered the said instniment as their free and voluntary act, for the uses and purposes therein set forth. � Given under my hand and official seal N4VEMBER 18, 2002. r � NaTARIAL SEAL ' Sig uT (SEALa HO'NAAD C S7R011G,NOTARY PUBL�C NIARPLE tWP D�LAINARE COUNTY h7Y CONEMISSION EXPSRSS SEPT 6 2005 My conamission expires: ' CERTIFICATE OF RESIDENCE OF MORTGAGEE _ '�� /�,`,'. . . ; '..,C' The address of the within-named mortgagee is: - _, 7844 Rosweli Road, Building 3Q0, uite 34�, Atlanta, Georgia 30350-6877 : - On behalf of Financial Freedom Senior�undin orporation, a Subsictiary of Lehman Brothers Bank, FSB -8- . � �K�Zgg3 �� C• .�, � � •.L � Ori �C1 � N . ^� -• � � a � � � � � � �� ,-y � �• �� N� � :_r � � — m.+� � � N"�� < �� r�.�.. y � �� .' `• �� 07 s � ` W� „ �.. � � �� , � ^ �� B _�-.,_" �� 4� �� "� y - .��„ �. ' = .�� # ! ��. � � �� --� �� _ � � . .. .. W 's,�i � —': � � `�v � ` � '? � �. . � �� n� � � CU �'�?: . � !,7 :�? � �- � N -`:-�• ."�34 �� .�; �� :�� ' L!'� � . BK2993 PGOq i � , � . Strong Abstract, inc. � 1990 Sproul Road, 2nd floor Broomall, PA 1900$ �Z-�� _ _ . __ _ __ __ __ _. Record and Return to: Finat�cial Freedom Senior Funding Corporation, a Subsidiary of Lehman Brothers Bank, FSB 7&40 Roswell Road, Building 30(?, Snite 340 Atianta, Georgia 30350-6877 FHA Case Number: 441-�039958 OPEN-END SECOND MORTGAGE (HOME EQUITY CONVERSIOl� Commonweatth of Pennsylvania LOAN N0: 4801178 MORTGAGE("Security Instrument" or "Second Seeurity Instniment") is given on NOVEMBER 18, 2002. The Mortgagor is BERYI.L. HILL, A SINGLE WOMAN AND JOHN G. RfiEVES, A SINGLE IvIAN, whose address is 8 PARKSIDE CIRCLE, LEVITTOWI�T, PENNSYLVANIA 19�56, ("Borrower"). The beneficiary is the Secretary of Housing and Urban Development, and whose address is 451 Seventh Street, S.W., �TJashington, -- D.C. 20414("Lender" or "Secretary"). Borrower has agreed to repay to L,ender amounts which Lender is obZigated to advance, including future advances, under the ternts of a Home Equity Conversion Loan Agreement dated the same date as this Securiry Instnunent("Loan Agreement"). The agreement to repay is evidenced by Borrower's Note dated the same date as this Seeuriry Insutiment("Second Note"}, This Securiry Instrument secures to Lender: (a) the repayment of the debt evidenced by the Second Note, with interest at a rate subject#o adjustment, and alI renewals, extensions and modificafions of the Note, up to a maxiznum principal amount of $217;500.00; (b)the payment of all other sums, with interest, advanced under Paragraph 5 to protect the security of this Security Instrument or otherwise due under the terms of this Security Instrument; and (c) tha perfoimance of Borrower's covenants and agreemenis under this Security Instrument and the Second Note. For this purpose, Borrower does hereby mortgage, grant and convey to I,ender the following described property located in BUCKS Counry, Pennsylvania: The real property located at the address 8 PARKSIDE CIRCLE, LEVITT��VN, PENNSYLVANIA 19056, in the county of BUCKS, state of PENNSYLVANIA, described more fuIIy on Exhibit A attached ta this Mortgage. TOGETHER WITH all the improvements now or hareafter erected on the property, and all easements, rights, agpurtenances, and fixtures now or hereafter a part of the property. All replacements and additions s�a.11 also be covered by this Security Instrument. All of the foregaing is referred to in this Security Instrument as the "Property. BORROWER COVENANTS that Borrower is lawfulIy seised of ihe estate hereby conveyed and has the right to grant and convey the Properry and that the Property is only eneiunbered by a First Security Instrument given by Borrower and dated the sazne date as this Security Tnstrument{"First Security Instrument"). Bonower wazrants and will defend generally the title to the Property against all claims and demands, subject to an�� encumbrances of record. THIS SECURTTY INSTRUMENT combines uniform covenanis for nationai use and non-uniform covenants with Iimited variations by jurisdiction to constitute a uniform securiry instrument covering real property. -1- �K2 � � � ��? � � � � / EXHIBIT A Exhibit A to the Mortgage given on NOVEMBER 18, 2�2, by BERYI.,L. HILL, A SINGLE WOMAN AND JOHN G. REEVES, A SINGLE MAN("Borrower") to the Secretary of Hausing and Urban Development, and whose address is 4S1 Seventh Street, S.W., Washington, D.G 2041Q, {"Lender" or "Secretary"}. The Property is iocateci in the county of BUCKS, state of PENNSYLVANIA, described as follows: ALL THAT CERTAIN lot,piece or parcel of land with#he building and improvemen#s thereon, Situate in the Township of Bristol,County of Bucks and Commonwealth of Pennsylvania, shown and designated as Lat 4770.R on Subclivision Map of"Plumbridge", Levittown, Section 54 filed in the Office of the Recorder of Deeds of Bucks County,PA,on 1/7/1954 in Plan Book 7 page 40,bounded and descnbed as follaws: BEGINNING at a point on the Northeasterly side of Pazkside Circle (50 feet wide} at #he distance of 100.47 fee#measured NorthwestwardIy fram the Northwesterly side flf Piumbridge Drive(50 feet wide); thence extending along said Parkside Circie on the arc of a circle curving to the right having a radius of 1493I feet the arc distauce of 56.94 feet to a paint of tangen� thence still along the same, Narth 21 degrees 24 minutes 51 seconds West SO feet to a poin� thence aFong Lot 47?1R, Narth 68 degrees 35 minutes 09 secands East 138.25 feet to a poin� thence along Lot 4788R, South 53 degrees 55 minutes 52 secands East 7:51 feet ta a point; thence along the rear of Lots 4789R, 4759R and 4768R, South 31 degrees 33 minutes 26 seconds West 164.79 feet#o the first mentioned point and place of beginning. BEING Irnown as 8 Parkside Circle. BEING Parcel#5-21-2b3. .• eK29q3 PG0 � 8 � �- -- __ --------- _. _ _____ ____— UNIFORM COVENANTS. Borrower and Lender covenant and agree as foliows: 1. Payment of Princepal and Interest. Barrower shall pay when due 2he principal of, and interest on, the debt evidenced by the Se�ond Note. Z. Payrnent of Property Charges. Borrower shall pay aIl property charges consisting of taxes, ground rents, flood and hazard insurance preminms, and special assessments in a timely manner, and shall provide evidence of payment to Lender, unless Lender pays property chazges by withholding funds from monthly payments due to the Borrower or by charging such payments to a line of credit as provided far in the Loan Agreement. Lender may require Borrower to pay specified property c�arges directly to the party owed payment even though Lender pays other property charges as pravided in this Pazagraph. 3. Fire, Ffood and Other Hazard Insurance. Borrower shalt insure all improvements on the Property, whether now in exisience or subsequentIy erected, against any hazards, casualties, and contingencies, including fire. This insurance shall be maintained in the amounts, to the extent and for the periods required by Lender. Borrower shall a?so insure aIl improvements on the Property, whether now in existence or subsequently erected, against loss by floods to the extent required by Lender. The insurance policies and any renewals shall be heId by Lender and shall include loss payable clauses in favor of, and in a form acceptable to, Lender. In the event of loss, Borrower shall give Lender immediate notice by mail. Lender may make prvof of loss if not made promptly by Borrower. Each ittsurance company concemed is hereby authorized and directed to make payment for such loss to Lender, instead of to Borrower and L.�nder jaintly. Inswrance procaeds shail be appli�to restoration or repair of the damaged Property, if the restoration or repair is economically feasible and i.ender's securiry is not lessened. If the restoration or repair is not economically feasible or L,ender's security would be lessened, the insurance proceeds shall be applied first to the reduction of any indebtedness under the Second Note and this Security Instrument. Any excess insurance proceeds over an amount required to pay all outstanding indebtedness under the Second Note and this Security Instrument shatl be paid to the entity legally entitled thereto. In the event of foreclosure af this Security Instrument or other transfer of title#o the Property that extinguisYees the indebtedness, a11 right, title and interest of Borrower in and to insurance policies in force shaii pass to the purchaser. 4. Occupancy, Preservation, Maintenaace and Protection of the Property; Borrower's Loan Application; Leaseholds. Borrower shail occupy, establish, and use the Property as Borrower's principal residence after the exectutian of this Security Instrument and Borrower(or at least one Borrower, if initially more than one person aze Borrowers) and shall continue to occupy the Property as Borrower's principal residence for the term of the Security Instrumant. "Principal residence" shatl have the same meaning as in the Loan Agreement. Borrot�ver shall not commit waste or destroy, damage or substantiaUy change the Property or allow the Property To deteriorate, reasonable wear and tear exc�pted. Borrower shall aiso be in default if Borrower, duriag the loan appIication process, gave materially false or inaccurate infortnation or statements to Lender (or failed to provide Lender with any materiat information)in connection with the L.oan evidenced by the Note, including, but not limited to, represeniations concerning Borrower's occupancy of the Property as a principat residence, If this Securiry Instiument is on a leasehold, Borrower shall comply withe the provisions of the lease. If Borrower acquires fee title to ihe Property, ihe leasehold and fee title shall not be merged unless Lender agrees to merger in writing. 5. Charges to Rorrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipaI cbarges, fines and impositions that are not included in Paragraph 2. Borrower shall pay these obligaiions on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. Borro��er shall promptly discharge any lien which has priority over this Se�urity Tnstnunent in ttze manner provided in Paragraph 12(c). -2- BK2g93 PG0 � 8 [ Tf Borz'ower fails to make these payments or the properiy charges required by Paragragh 2, or fails to perform any other covenants and agreements contained in this Sece�rity Instniment, or there is a tegal proce�dirtg that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce Iaws or regulations}, then Lenfler may do and pay whatever is necessary to pmtect the value of the Properry and Lsnder's rights in the Property, including paymemt of taxes, hazard insurance and other items mentioned in Paragraph 2. To protect Lender's security in the Property, I.ender shall advance and charge to Borrawer ail amounts due to the Secretary for tha Mortgage Insurance Prernium("MIP")as defined in the Lflan Agreement as well as aiI sums due to the loan servicer for servicing activities("Servicing Fee") as defined in the I.flan Agreement. Any amounts disbursed by Lender under this Paragraph are obigatory and shatl become an additionaI debt of Borrower as provided for in the Loan Agreement and shall be secured by this Security Instrument. 6. Inspection. I.�nder or its agent may enter on, inspect or make appraisals of the Praperty in a reasonable maaner and at reasonable times provided that Lender shall give the Bonower aotice prior to any inspection or appraisal spacifying a purpose far the inspection or appraisal which must be related to Lender's interest in the Property. If tbe Properiy is vacant oz abandoned or the loan is in default, Lender may ta�:e reasonable action to protect and preserve such vacant or abandoned Property withaut notice to the Borrower. 7. Condemnation. Tlie proceeds of any award ar claim for damages, direct or consequential, in connection with any condemnatian or ather taking of any part of the Property, or for conveyance in place of condemnation, shall be paid to Lender. The proc�ds shall be appiied first to the reduction of any indebtedness under a Second Note and Second Security Lnstnunent held by the Secretary to the Property, and then to the reduction of the indebtedness under the Nate and this Securiry instnunent. Any excess proceeds over an arnount required to pay all outstanding indebtedness under the Note and this Security Insinunent shall be paid to the entity legally entitled there#o. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleratian of Debt. (a) Due and Pa,yable. Lender may require immadiate payment in full of all sums secured by this Securiry Instru.ment if: (i) A Borrower dies and the Property is not the Principal residence of at least one surviving $orrower; or (ii) All of a Borrower's title in the Property (or his or her beneficial interest in a trust owning ali or part of the Property) is soid ar otherwise transferred an no other$orrower retains (a) title to the Property in fee simple, (b)a leasehold under a lease for less than 49 years which is renewable or a lease having a remaining period of not less than 50 years beyond the date of the 100th birthday of the youngest Borrower, or{c) a life estate in the Property (or a beneficial interest in a trust with such an interest in the Property). (iii) The Progerty ceases to be the principal residence of a Borrower for reasons other than death and the Property is not the principat residence of at least one other Borrower; or {iv) For a period of longer than twelve(12) conse�utive months, a Borrower fails to physically occupy the Property because of physical or mental illness and she Property is not the principal residence of at least one other Bonflwer; or (v) An obligation of the Bonower under this Security Tnstrument is not performed. -3- gK2qq � PGU � � Z ,._ _ __ _. ._.. ..------ _ __-- -- - --_ --_ _----_. , __. (b) Notice fo Lender. Borrower shall notify ihe Lender whenever any of the events listed in Pazagraph 9(a)(ii}-(v) occur. (c} Notice to Sorrower. Lender shall notify$orrower whenever the loan becomes due and payable under Paragraph 9(a)(ii)-{v). Lender shaiI not have the right to commence foreclose until Borrower has had thirty(30)days after notice to either: (i) Conecc the matter which resulted in tHe Security Instrument coming dae and payable; or {ii} Pay the balance in full;or {iii} Sell the Property for the lesser of the balance or 45% of the appraised value and apply the net proceeds of the sa�e toward the balance; or (iv) Provide the I,ender with a dead in lieu o€foreclosure. (d) T�sfs. Conveyance of a Borrower's inierest in the Property to a trust which meets the requirements of the Secretary, or conveyance of a trusYs interests in the Property to a$orrower, shall not be considered a convayanc� far purposes of this Paragraph 9. A trust shall not be considered an occupant or be considered as having a grincipal residence for purposes of this Paragraph 9. 10. No Deficiency Judgements. Borrower s3aa11 have no personal iiability for pay�nent of the debt secured by this Security Instrument. Lencler may enforce the debt only thraugh sale af the Property. Lender shall not be pemutted to obtain a defciency judgement against Borrower if the Security Instrument is foreciosed. 11. Reinstatement. Borrower has a right to be reinstated if Lender has required immediate payment in full. This right applies even after foreciosure proceedings are institui�. To reinstate this Security Instrument, Borrower shali correct the condition which resulted in the requirement for immediate payinent in full. Foreclosure costs and reasonable and customary attomeys' fees and expenses properly associated with a foreclosure procQeding shall be added to the principal balance. Upon reinstatement by Borrower, this Security Instrument and the obligations that ii secures shall remain in effect as if I.ender had not required immediate payment irt fuIl. Hawever, Lender is not required to permzt reinstatement if: (i) Lender has accepted reinstatement after the commencement of forecIosure proceedings within two (2)years immediately proceeding the cammencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different gzounds in the future, or (iii}reinstatement will.adversely affect the prioriry of the Security Instnunent. 12. Second Lien Status (a)Modification. Borrower agrees to extend this Security Instrument in accordance with this Paragraph 12(a). If i.ender determines that the original lien status of the Security Instrument is jeopazdized nnder state]aw(including but not Iimited to situations where the amount secured by the S�uriTy Instrument equals or exceeds the maximum principal amount stated ox the maxim3am period under�t�hich ioan advances retain the same Iien priority ini[ialIy granted to loan advances has expired) and state law pernuts the original ' Iien status to be maintained for future loan advances through the execution and recordation of one or more documents, then Lender shall obtain title evidence at Borrower's expense. If the title evidence indicates that the Property is not encumbered by any liens (except the First Security Instrument described in Paragraph 13(a), this Second Sacurity Instnunent and any svbordinate liens that the L.ender determines will also be subordinate to any future loan advances), Lender shail request the Borrower to execute such documents. ff state law does not perniit the original lien s#atus to be extended to future loan advances, Borrower will be deemed to have failed to have performed an abligation under this Security Instrument. -4- �X2qq3 �caq $ � � _----- _,_ __- - ----- (b)Tax Deferral Programs. Bortower shall not pariicipate in a real esiate tax defemal program, if any liens created by the Tax deferral are not subordinate to this Securiry Instrument. (c) Prior Liens. Borrawer shall promptly discharge any lien which has priority over this Securiry Instrument uriless Bonower: {a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien by, or defends against enforcement of ti�e lien in, legal proceedings which in the Lender's opinion operate to prevent t1�e enforcement of the lien or forfeiture af any part of the Property; or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to all amounts secured by this Security Instrument. If Lender determines ihat any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within ten (10)days of the giving of notice. I3. Relationship to Ficst Security Instrument. c�) se�o�a s�u�cy �c�,enx. In order to secure payments wiuch the Secretary may make to or on behalf of Borrower pursuant to Se�tion 255{i){1)(A)of the National Housing Act and the Loan Agreement, the Secretary has required Borrower to exeeute a Second Note and this Second Securiry Instnunent. Borrower has also executed a First Note and First Security Instnunent. (b) Retationship of First and Second Security Instramen#s. Payments made by the Secretary shall not be included in the debt under the First Note untess: (i) The First Security fnstrument is assigned to the Secretary; or (ii) The Secretary accepts reimbursement by the holder of the First Note for all payments made by the Sacretary. if the circumstances described in (i) or(ii) occur, then all payments by the Secretary, including interest on the payments, but exeIuding late charges paid by the Sacretary, shall be inciuded in the debt under the First Note. (c) Effect on Borro��er. Where there is no assigncnent or reimbursement as described in(b}(i)or (ii) and the Secretary makes payments to Borrower, then Borrower shall not: (i) Be required to pay amounts owed under#he First Note, or pay any renis and revenues of the Property under Paragraph 19 to the holder of the First Note oz a receiver of the Property, until the Secretary has required payment in full of all outstanding principal and accrued interest under the Second Note; or (u) Be obligated to pay interest or shared appreciation under the First Note at any rime, whett�er accrued before or after the payments by the Secretary, and whether or not accraed interest has been includeci in the principai ba�ance under the First Note. (d;No Duty of the Secretary. The Secretary has no duty to the holder of the of the First Note to enforce covenants of the Second Security Instnunent or to take actions to preserve the vatue of the Property, e��en though the holder of the First Note may be unable to coilect amounts awed under the Pirst Note because of restrictions in this Paragraph 13. (e) Restrictions on Enforcement. Noiwithstanding anything else in this Securiry Instrument, the Borrower shaIi nat be obligated to comply with the covenants hereof, and Pazagraph I9 shali have no force and effect, whenever there is no outstanding balance under the Second I�'ote. -5- �K2qq3 P6 � � 8 � ----- ._ - --._ --- ._. ------ - __-- ; _ 14. Forbearance by Lender Not a Waiver. Any forbearance by Lenc3er in exercising any right or remedy shall not be a waiver of or precIude the exercise of any right or remedy. I5. Svccessors and Assigns Bound;3oint and Severai Liability. Borrower may not assign any rigliis or obligations under ihis Se�urity Instrument or under the Second Note, except to a trust that meets the requirements of the Secretary. Borrower's covenants and agreements sha�l be joint and several. 16. Notices. Anq notice to Borrower provided for in this Security Instiument shail be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be diracted to the Property Address or any other address all Borrowers jointly designate. Any notice to the Secretary shall be given by first class mail to the HUD Field Offce with jurisdiction over the Property or any ather address designatec}by the Secretary. Any notice provided for in this Security Instrument shall be deemed to have be�n gi��en to Borrower or Lender when given as provided in this Paragraph 16. 17. Governing Law; Severabiiity. This Security Instrument shall be govemed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Second Note conflicts with applicable law, such conflict shall not affect other provisions of this Securiry Tnstnunent or the Second Note which can be given effect c�rithout the conflicting provision. To this end the provisions of this Security Instrument and the Second Note aze declared to be se��erable, 18. Borrower's Copy. Borrower shall be given one conformed capy of the Second Nate and this Security Instrument. NON-UNIFORM COVENANTS. Borrower and Lender fiuther covenant and agree as follows: 19. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of#he Property. Borrower authorizes Lender or L.�nder's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's Notice to Bonower of Borrower's breach of any covenant or agreement in the Security Tnstrument, Borrower shall collect and receive all rents and revenues of the Property as t�ustee for the benefit of iznder and Borrower. This assignmenf of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives natice of breach to Borrower: (a) all rents received by Borrower shall be held by Borzower as trustee for benefit of Lender only, to be applied to the sums secured by ihis Security Tnstrument; (b)L.snder shali be entitled to collect and receive atl of the rents of the Property; and(c)each tenant of ihe Property shall pay ali rents due and unpaid to Lender or I.ander's agent on I.ender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this Paragraph 19, ezcept as grovided in the First Security Tnstrument. I,ender shal[not be required to enter upon, take control of or maintain the ProperEy before or after giving notice of breach to Borrower. However, Lender or a judicially appointed reeeiver may do so at any time there is a breach. Any application of rents shall not cure ar waive any default or invaiidate any other right or remedy of Lender. This assignment af rents of the Property shall terminate when the debt secured by this Security Instrument is paid in full. 20. Foreclosure Procedure. If Lender requires immediate payment in full under Pazagraph 9, Lender may foreclose this Security Tnstrument by judicial proceeding. I..ender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Paragraph 20, including,but not limited to, attomeys' fees and cosEs of title evidence to the extent permitted hy applicabie law. -6- -----__ _ -- __-- ---______ a� � q93 �Gaa � � ; _ . _ --- 21. Lien Priority. The full amount secured by this Security Insttument shall have a lien priority suborc3inate only to the full amount secured by the First Security Instnxment. 22. Adjustable Rate Feature. Under the Nate, the initial stated interest rate of TPJO AND NINETY-SIX HUNDREDTHS percent {2.960%)which accrues on tt�e unpaid principat balance ("Initial Interest Rate") is subject to change, as described below. When the interest rate changes, the new adjusted interest rate will be applied to the total outstanding principa�balance. Each adjustment to the interest rate w�ill be based upon the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year, ("Izzdex") plus a margin. The Index is published in the Federai Reserve Balletin and made avaitable by the United States Treasury Department in Statistical Release H.15 {519}. If the Index is no longer available, Lender will be required to use any index prescribed by the Depamnent of Housing and Urban Development. The new index wii�have a historical mo��ement substantially similaz to the original index, and the new index and znargin will result in an annual percentage rate that is substantially similar to the rate in effect at the time the original index be�omes unavailable. Lender will perform the calculations described below to determine the new adjusted interest rate. The interest rate may change on FEBRUARY 1, 20(}3, and on the first day of and on that day of each succeeding yeaz, or X the first day of each succeeding month(Change Date) until the laan is repaid in full. The value of the Index will be detemuned, using ihe most recent Index fgure availabte thirty(30)days before the Change Date ("Current Index"). Before each Change Date, the new interest rate will be calculated by adding a margin to the Cnrrent Index. The sum of the margin plus the Current Index will be cal�ed the "Calculated Interest Rate" for each Change Date. The Caiculated Interest Raie will be compared to the interest rate in effect unmediateIy prior to the cuaent Change Date(the "Existing Interest Rate). . AnnuaUy Adjusting Variable Rate Feature. X A'Ionthly Adjusting Variable Rate Feature- The Catculated Interest Rate��ill never increase above TWELVE AND NINETY-SIX HUNDRED'FHS(i2.96%). The Calculated Interest Rate will be adjusted if necessary to comply with the rate limitation(s)described above and will be in effect until the next Change Date. At any change date, if the Calculated Interest Rate equals the Existing Interest Raie, the interest rate wi11 not change. 23. Release. Upon payment of aIl sums secured by this Security Instrument, this Seeurity Instrumsnt and the estate conveyed shall terminate and become void. After such occurrence, I.ender shall discharge and satisfy this Security Instrument without charge to Borrower. Borrower shall pay any recordation costs. 24. VVaivers. Borrower, to the extent pemutted by applicable law, waives and releases any error or defects in proceedings to enforce this Securiry Instrument, and hereby waives the benefit of any present or future laws providing for stay of execution, extension of tune, exemption from attachment, levy and sale, and homestead exemption. 25. Reinstatement Period. Borrower's time to reinstate provided in Paragragh 11 shall extend to one hour prior to the commencement of bidding at a sheriff's sale or other sale pursuant to this Security Instrument. 26. Purchase Mone3 Mortgage. If any of the debt secured by ttus Security Instrument is lent to Borrower to acquire title to the Property, this Security Instrument shall be a purchase money mortgage. 27. Interest Rate Aftec Judgment. Borrower agrees that the interest rate payable after a judgment is entered on the Note or in an action of mortgage foreciosure shall be the rate payabie from time to time vnder the Note. -7- �K2993 PG � � 8b ' ' �. 28. Obligatory Loan Advances. Lender's responsibility to make Loan Advances under the terms of the Loan Agreement, including Loan Advances of principal to Borrower as well as Loan Advances of interest, MIP, Servicing Fees, and other charges shall be obligatory. 29. Riders Ya thes SecuriEy Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and snpplernent the covenants and agreeraents of this Security Instnunent as if the rider(s) were in a part of this Security Instrument. [Check applicable bax(es).] � Condominium Rider � PUD Rider � Shared Appreciatian Rider � Other: BY SIGNING BELOW, Borrower accepts and agrees to the terms contained in this 5ecurity Instrument and in any rider(s}executed by Barrow d orded 'th iS. Wimesses: Signature 3 HN G. RE VES (Bonower) . D ERYL . HILL Bor�F ( ) Notarv Acknowled�ement Commonwealth of Peunsylvania County of ��Y/G�S I � �•"`/�`�"' " , a Notary Public in and for said county and state do hereby ce ify that30HN G. REEVES AND ERYL L. HILL, personally known to me (or proved to me on the basis of saiisfactory evidence) to be the persons whose names are subscribed to the foregoing instrument, appeared before me this day in person, and acknowiedged.that tt�ey signed and delivered the said instrument as their free and voluntary act, for the uses and purposes therein set forth. Given under my hand and official se on NOVEMBER 18, 2002. __. ° ,,� Sign Tur - [SEAL] � ' � �.::, My commission expires: - ;' . fi 1 ` NOTARIAi SEAL lioWARD C STAONO,N07ARY PUBLlC '8' MARPLE TWP DELAINARE CQUN7Y '' a}�g,J ,. }�iY C4NEMlSStQN EXPIRES SEPT 6 20p5 ��tZ993 PGOqB � , , Y CERTIFICATE OF RESIDENCE OF M4RTGAGEE The address of the within-named mortgagee is: 7844 Roswell Road, Buiiding 3 , Saite 34U, Atlanta, G-eorgia 30350-6877 On behalf of Financial Fr orn Senior F ding Corporation, a Snbsidiary of Lehman Brothers Bank, FSB -9- � � ` �'�;;2 � � � P'� 0 '1 [� � -�: � .�, � 0 � :v � -� :.�.. �: �� :�� - �� •- u-� :7 � � � �o �E f'�h � �� F�� .,< vd �� N�� ' N i '! � (F" � �Jn7� � r� �� _� �� r z �� r '�� y � �� i� � �� _ � = . ^ �� {�� \iJ .�....... .. . .... :�. .- 1 V _.. W . N �.� ,� r .� �" '��.' . �, - - . ,, •: ;-; ;.,., - ,; `i `� � -_ _ :x � � ;i. v � � `-�,° �� : � ,-; ?� �:-- ,�r � . � � ; BK299 � PG � � � � � . � Financial P.O.Box 85400 Home Equity Conversion Mortgage (HECM) Freedom Austin,TX 78708 Monthly Mortgage Statement THEREVERSEMORTGAGESPECIRLIST+� StatementPe��(� �`LfO��Z��3'�2�3��ZQ�3 Statement Date 01/13/2014 Page 1 of 1 m— .. � �:� FHA#:4417039968 0= Customer Service 800-441-4428 's— M-F 7:00 AM-7:00 PM CST TTY Device Users 866-293-2889 — RETURN SERVICE REQUESTED Telecommunications Relay — Hin,Beryi�. Service for hearing impaired:711 = 8 Parkside Cvcle = �evittown,PA 19056 Program Type: Line of Credit = Term of Monthly Payment: NIA — Amount of Monthiy Payment: $0.00 = Interest Rate Change Notice The interest rate on your reverse mortgage is 1.6300%.Your rate is based on an index value of 0.1300%plus a margin o= of 1.500%.The index used is the 1-year treasury constant maturities security which was published on 12/30l13 in the = Federal Reserve Statistical Release H15.Your next rate change date is 02/01/2014. a- N� • Original Principal Limit $96,425.00 December Rates MIP Interest _ Growth of Principal Limit $50,393.73 Rateo Rateo _ Service Fee Set Aside $(5,140.06) Daily Periodic Rate .001370/o .004411 /o _ Outstanding Principal Balance $(153,130.44) Monthly Periodic Rate .041667% .134167% = Repair Set Aside $0.00 Corresponding APR .500% 1.610% = Tax Set Aside $0.00 — Insurance Set Aside $0.00 January APR 1.6300% Current Net Principal Limit $(11,451.77) o �— February APR 1.6300/o �_ Servicing Advances $0.00 — Available Line of Credit $(11,451.77) Historic APR 2.330% — APR=Annual Percentage Rate � � — Date Description Type t = 11/30/13 Previous Outstanding Principal Balance €� $152,826.72 � � 12/01/13 Monthiy Servicing Fee Finance Charge `Y ��00�� 12/31/13 Monthly Interest Finance Charge $205.04 12/31/13 Monthly Mortgage insurance Premium Finance Charge $63.68 12/31/13 Current Outstanding Principal Balance $153,130.44 Financial Freedom wishes you a Happy New Year!We hope 2014 will be filled with health and happiness and that your reverse mortgage has helped you gain financial independence. Enclosed you will find your 2013 Annual Statement detailing your loan activities for the year. If you made payments toward your outstanding balance in 2013,you may receive a form 1098 that will report any mortgage interest you paid. 1098 forms wili be mailed at the end of January 2014.Fina�cial Freedom recommends that you consult with a Tax professional for any questions you may have regarding your income tax. Cut here and ma/l ro the adtl2ss shown on the Request ior Funds form (THIS SPACE INTENTIONALLY LEFT BLANK) 000aeoii�e FFOD41� I IIIIII IIIII'IIII IIIII II�II IIIII IIIII III�I IIIII II�II III)IIII I IIIIIII IIIII IIII i'lll I�III�I�II IIII�IIII IIII ,� W I L L , I , JOHN G, f3EEVES, of Middletown Township, Bucks County, Pennsylvania, declare this to be my last will and revoke all wills which I have previously made. FIBST: Gift to Wife : I do hereby give, devise and bequeath unto my beloved wife, CLAII3E E. AEEVES, her heirs and assigns forever, if she survives me six months, all of my estate of whatsoever it may consist and wheresoever situate. SECOI�TD: Jift to Children: In the event my said uife should predecease me or die �Tithin six months after my death, I do hereby give, devise and bequeath all of my estate of whatsoever it may consist and wheresoever situate in equal shares unto my children, JOHN G. HEEVES, JA. , KAAEN ANId t3EEVES, FiOSS ??OBEAT AEEVES, and any other children my wife and I may have, their heirs and assigns forever. In the event any of my children predecease me or die within six months of my death leavin� children; the share of the deceased shall go to the chil3ren of the deceased child, In the event any of my children predecease me or die within six months of my death leaving no children surviving, the share of the de- ceased child shall go to my surviving children, in equal shares. THIF3D: Trust Provisions : In the event that any of the beneficiaries of my will are under twenty-one (21 ) years of age at the time of .my death, all of my estate shall be held in trust. Until my youngest child reaches twenty-one (21) years of age, my trustee shall expend as much of the income SNIPES & WHITE ATTORNEYS AT LAW and principal of the trust as he, in his discretion, may deem � ' aa appropriate to provide for the different needs, including without limitation support , medical care , education and com- fort of the beneficiaries of the trust. Since the needs oi the beneficiaries may be of a different nature and amount , there is no requirement that an equal amount be expended for each trust beneficiary. Any income not expended shall be accumulated. ��hen my youngest child reaches twenty-one (21 ) years of age , the principal of the trust as then con- stituted, together with any accumulated income, shall be divided into as many shares as there are children living and children then deceased leaving children surviving in order to make distribution, per stirpes. If my deceased child leaves a spouse , the spouse shall be the trustee of the minor children's share with the same trustee powers as set forth in this will. There shall be no requirement that the divisio� of shares shall be adjusted to equalize unequal distributions of principal or income theretofore made to any beneficiary. After the division into shares each person twenty-one (21) years of age or older entitled to a share or part shall haye the right to withdraw the part to which he is entitled by written direction to the trustee. FOU�3TH: Protective Provision: All principal and income shall, until actual distribution to the beneficiary, be free of the debts , contracts , alienations and anticipations of any bene- ficiary, and the same shall not be liable to any levy, attach- ment,execution or sequestration while in the hands of my Executor or Trustees . FIFTH: Po�aers of Executor and Trustee : I authorize SNIPES & WHITE my executor and trustee and their successors to exercise the ATTORNEYS AT LAW -2- � ? �, r �. <. . =� - following powers , in addition to those given by law, to be � exercised in their sole discretion: - I! - - �� (a) To retain any real or personal property which may at an,y time form bart of my estate. _ � (b) To invest in any real or personal property without - restrictions to legal investments . J� (c ) To purchase investments at premiums ; to charge - �_� �` premiums to income or principal or partly to each. � (€I To subscribe for stocks , bonds or other investments ; � �� i to 'oindin any plan of lease , mortgage , merger, consolidation, ��--`� `� � foreclosure or voting trust and to deposit I �� reorganization, � � securities thereunder; and generally to exercise all the rights I �� ' of security holders of any corporation. ��3 �� securities held by � 3.�� (e ) To vote , in person or by proxy , '�� E1 them and in such connection to delegate their discretionary � � � ��' f4 powers e � ` �' eriod k� (f ) To repair, alter, improve or leas?, for any p �-��`� (l of time , an,y real or personal property, and to give options �� ; for leases, � �� P for cash or credit , �- `, (g) To sell at public or privat., sale , � �"�; �=-`�= I� with or without security, to exchange or to partition any rea �� I i � or personal property and to give options for sales or exc anges. `�� = (h) To conduct any business in whichdeath,efor�sachr in � � which I have an interest at the time of my i! periods as they may deem advisable and with po4ver to borrow t money and pledbe assets �of the business , and do a11 other acts �� k v,Thich I, in my lifetime , could have done or to delegate such �� powers to any partner, manager or employee, without liability I �� f or any loss occurring therein; provided, however, that no �� asset of my estate which I have not devoted thereto in my �� lifetime shall be liable for the debts and contracts of suc �� business . �� i ( i) To organize a corporation, without leave of court , �-� ' to carry on any business in which I am engaged or in whic ( � � I have an interest at the time of my death, by themselves or ';?�; ; with others , and to contribute all or part of the assets of �� such business as capital to such corporation and aceept stock xii, � in the corporation in exchange therefor. ; � ( j ) To accept as correct, in the absence of actual � �� [I notice to the contrary, finar_cial and other statements rendered } � I, from time to time by any incorporated or unincorporated bvsiness �, �, as to its condi�ion and operations . s � �I (k) To execute partnership agreements and amendments � thereto. i SNIPES & WHITE�I j ATTORNEYS AT LAW�� -� f I / I � � ��- � � . � � r � � �bd I' , /�� f � �- (1 } To modify and renegotiate any agreements for the sale of any business interest or for the sale of any real or personal property thereof or to waive provisions of any such agreement if it is in the interest of my estate so to do. (m) To borrow money from .any person and to mortgage or pled�e any real or personal property, sub�ect, however, to the limitations of subparagraph (h) hereof. (n) To compromise claims . (o) To add to the principal of any trust created by this will any property received from any person by deed, wi11 or in any manner. (p) To make distribution in cash or in kind or partly in each. (q) To exercise all power, authority and discretion given to him by this will after the termination of any trust created herein until the same is fully distributed. SIXTH: Appointment of Trustee : I appoint JOHN G. AEEVES, JA. , 1901 N. Nova Aoad, Ormond Beach, Florida 32074, trustee for this will. No trustee named herein shall be required to give bond or furnish sureties in any jurisdiction. SEVE�TH: Appointment of Guardian: In the event my wife should predecease me, I appoir_t JOHN G. BEEVES, JIi. , guardian of the person and of the estate of each of my minor children, and authorize_the guardian to receive all_proceeds of insurance on my life payable ..to any minor child of mine. In addition to the powers given by 1aw I authorize the guardian to: (a) use such amount of both income and principal as . he , in h�.s sole discretion, deems proper for the support, education and welfare of any such minor child without leave of court, and _ (b) invest in any real or personal property without restrictions to legal investments. EIGHTH: Appointment of Executor: I appoint my wife, CLAIAE E. f3EEVES , executrix for this will. Should my said wife for any reason fail to qualify or ce�.se to act as such � SNIPES & WHITE during the ad.ministration of my estate , I appoir�t JOHN G. ATTORNEYS AT LAW -�- �. �� 44 : .� FiEEVE5, J13. , executor for this will with the same duties , powers and discretion as if originally appoir.ted. I�o executor named herein shall be required to give bond or ' - furnish sureties in anv jurisdiction. NINTH: Burial Zdish: It is my wish and desire to be buried along side of my beloved wife, CLAI�3E E. F3EEVES, should she predecease me. If she is living at the time of my death, I wish to have a_ plot provided for her at my grave site so that_ she will be interred along side of ine � at the time of her death. � IN WITNESS WHEAEOF, . I have hereunto set my hand and ' seal this /J� day of C�� , 1968. �J, (SEAL) , o n . eeves SIGNED, SEALED; PUBLISHED and DECLAFiED_ by the above-named ; JOHN G. FiEEVES, as and for_his_ last Will_ and Test�ment, consistirg _of fiye pages ,_ in the presence of us, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. � i //'// / / V ✓�/✓h^�4. �//✓17J A L- `��'�%� /L� SNIPES & �IIHITE -5- ATTORNEYS AT LAW 44 y 1 Cayle Swindler _ From: Kelly Howell Sent: Tuesday, September 02, 2014 11:53 AM To: RA-InheritanceTaxExt@pa.gov ��; John Feichtel; Cayle Swindler Subject: John G. Reeves (File No. 2014-00046) This e-mail will serve as our request for a six(6) month extension of time to file the PA inheritance tax return due to the unavailability of records for the following decedent: John G. Reeves Date of Death: 12/03/2013 SSN: 195-14-9312 File No.: 2014-00046 If you have any questions or require additional information, please do not hesitate to contact us. Kelly Saidis,Sullivan 6z Rogers - Trust Matters Kelly R Howell � Legal Assistant 635 N12th Street� Suite 400 � Lemo5lie,PA 17043 Phone(717)612-5800 � Fas(717)612-5805 � Email kl�ou�ell@ssr-attomeps.com 71iis e-mail may contain pri��ileged,confidential,cop}�righted,or other legallp protected information. If pou are not the inrended recipient(even if the e-mail address aUove is yours),you may not use,copy or retransmit this e-mail. If you ha�•e recei��ed this by mistake please notify u�by rerum e-mail,then delete. Thank you. Saidi;,Sulli�an&Rogers'weU site is uv��-ssrattornet�s.com We ad«se you that an}�di,cus,ion of federal t�i,sues in this e-mail i�uot to Ue used,and cannot Ue relied upon by you(i) to avoid an}�penalry imposed under the Intemal Revenue Code,or(ii) to promote, market or recommend to another party any transaction or matter addressed in this e-mail. �: 1 , .. \v �� _i,�- �' � � , � , � � ,� �� 1'� Law Offices of SAIDIS, SULLIVAN & ROGERS A PROFESSIONAL CORPORATION 635 NORTH 12TH STREET,SUITE 400 LEMOYNE,PENNSYLVANIA 17043 ROBERT C.SAIDIS TELEPHONE:(717)612-5800-FACSIMILE:(717)612-5805 CARLISLE OFFICE: DANIEL L.SULLIVAN 26 WEST HIGH STREET ELYSE E.ROGERS EMAIL:attorney@ssr-attorneys.com CARLISLE,PA 17013 JOHN A.FEICHTEL www.ssr-attorneys.com TELEPHONE:(717)243-6222 MARYLOU MATAS FACSIMILE: (717)243-6486 ANNA BORIZO HAYS O Coiinscl DEAN E.REYNOSA f TODD F.TRUNTZ STEPHEN L.GROSE SEAN M.SHULTZ REPLY TO LEMOYNE HANNAH WHITE-GIBSON Direct Dial: (717)612-5803 Email: ifeichtel(n�ssr-attornevs.com December 30, 2014 VIA HAND DELIVERY Register of Wills �., � � � Cumberland County Courthouse One Courthouse Square, Room 102 � � �r'�'., � � Carlisle PA 17013 `yi�' � " ' �' � �•=' ;,. r-` t�J ;.� rrt +�'" -.. �� c� .:-� c� � �r� .' �:;; � Re: Estate of John G. Reeves , ;M.� �; •-v --_-, -��'� File No: 2014-00046 � �� `�� = �-�-' DOD: 12/03/2013 � � � N �_ � ..J � � A .. W 'F1 Dear Madam: Enclosed for filing with your office in the above estate are the Pennsylvania lnheritance Tax Return(in duplicate) and Inventory. Please note that there is tax due of$2,023.98, but we are requesting separate billing for the jointly owned property listed on Schedule F. Please time-stamp the extra copy of this letter and return it with our messenger. Thank you for your attention to this matter. Very truly yours, SAIDIS SULLIVAN & ROGERS, P.C. �_._.__.... �.. By f; �._..__- -- - _ ;, � ,/ � 1� _-�.��_.�--��/ :: �,.. .._ , ....._. �. .. - r _...6..-.�-�� t_.,.,. John A�:�Feichtel JAF/krh Enclosures cc: John G. Reeves, Jr. (w/encl.)