HomeMy WebLinkAbout02-12-15 (2) � �pennsyWania 1505614105
�.,`�..,.'a`�.,.` �m3-i<I(eJ
REV-1500 OFFIGIRL USE ONLY
Bureau of Individual Tazes CountyCak Y�r. FleNom�er
PO Box 28o6oi INHERITANCE TAX RETURN � � " �
Harrisburg, PA v128-o601 RESIDENT DECEDENT �� �� �S Q�(,(��
ENTERDECEDENTINFORMATIONBELOW
Social Secunly Number Da�e of Death MMDDYYYY Oate of Birth MMDOYYYY
05122074 12071924
�ecetlenPs Las[Name � Sufix DeceJents First Name MI
Brenneman Mary J
.._ . ._ ._. .__ __ _. . .
(If Applicable)Enter Surirving Spouse's Info�mation Below
Spouse's Last Name Sufix Spouse's First Name MI
� THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
� 1.Onginal ReNm p 2.Suppkmental Re[um O 3. Ramaintler ReWm(Eate ot tleatM1
ptlorto 12-1302)
� 4.AgnculNre Exemption(tlate of p 5.Future Interesl Gompraniu(tlale of p 6. Fetleral Esbte Tax Retum Reqviretl
tleaM on or a(ter]-1-2012) tleatM1 afler 1212-82)
p ].�ecetlent Oietl Testale � 8.Oecedent Maintainetl a Living Tmst 0 9. Total NvmEer of Safe Deposit Boxes
(AttacM1 copy ot wI1L] (Attach copy of Wst)
p ID. Lifigation Pmceetls Receivetl � 11. Non-Pmbele Transferee RaNrn O ��� �efertaVElec6on of Spousal Tmsts
(Schetlule F antl G Assets Only)
O 13. BuslnessPssets O �q.Spouu is Sole Benefcary
(NO M1us�involvetl)
CORRESYONDENT- THIS SEGIION MUST 9E COMPLETEO.ALL COFRESPONDENCE RNO LONFIOENTIRL TAX INFORMRTION SHOUID BE DIFECTED TO:
Name Day�ime Telephone Number
.__. - .______ .
Lynn K Brenneman �(717)766-0942
Firet Line ot Atltlress
180 Texaco Road
SemrW Line of AGtlress . ...... .�. ...���. . .
Cily or Post�ce Sta�e ZIP Cotle
.._____.___. . . ... _.__ ._.
Mechanicsburg PA 77050
. . _ _..._. ____.___ .
conesponaenPs emall aaaress: �brenneman@ve�ZORnet n - a
r, -i m
REGSTEROFVMLLSIISE�W , ; ��
REGSTEROFWILLSUSECNLY , -� � �� � -��
DATEFILEDMNO�WYY � � �--' �
fV � �
�
'n
=d i
c�
OqTE FIL6D STAMfrv T
Vl U� O
W T
PLEIISE USE ORIGINAL FORM ONLY
Side 1
L IIINII���NI��I��I�I��I��IINIIIIIIIHIIIv Lsos6141os _J
J 15�56142�5 .
REV4500 EX(F1)
Decetlen�'s Social Secunty Number
oe«ae�r.Heme: Mary J Brenneman . .. ..
RECAPITULATON
1. RealEstate(SchetluleA). .............._............................ i. . . . ._. .. .. . . . . 0.00
___.- _. .. .. .. . . . ._ __._..
2. S[ock5 erM eOntl9 BCheGule B) ... ................._........ ....._.._ 2 . �.0�
3. Closely Heltl C�xporeUon, Parinership or SolaPmpnetorship(Schetlule C) ..... 3. � � �0.00 �
..____ _.. _. -_ __ . ..
4. Mohgages antl Notes Receivable(Sc�edule�).._....... ............ 4 0.00
__.___.__.. ..
5. Cash,Bank�eposits antl Miscellaneous Personal Property($chetlule E)....... S Q��
6. Jdntly Ownetl Proparty(Schetlule F) O Separote Billing Requestetl ....... 6. � � � 0.00
___. _ _
. nNr-Vlvos Transfers 8 Miscellaneous Non-Probate Properly ��� � � � � � "��� �� -�
(Schedule G) O Separate Billirg Repuestetl........ ]. 458,75Z88
__. _...._ . . . _ .. ._. _"_'.___._ .
8. Todl Gross Assets Qdal Lines 1 ihrou9h])............................. 8. 458�757.88
9. Funerel Ezpertses arM AEministrative Costs(Schetlule H)................... 9. . 53,470]9
_.... . . _ . __._-.__. . _
10. Debts o(Deceden4 Mortgage Liadlitles antl Liens(Schetlule I).........._ _. 10. 28,60324
. . ... . __.___. .
11. Tobl Oeductlons(tofal Lines 9 antl 101................................ . 11. 62�074.0�
t2. Net value oi Estate(Li�8 minus Line t1) ............._............... 12 .. ....�...... . .. . . .. .376,883.85
13. Charita0le aiM Govemmen�al BaquesislSec.9113 Trusls for which � �-���� ---- - ""�� ��
an election b tax hes irol been made(Schedule J) ... ..................... 13. 0.00
. . . . . . ._ _..._. .. . .
14. NM Value Subfecl M Taz(Line 12 minus Llne 13) ........_.............. tA. 3�6,683.65
TAX CALCULATION-SEE INSTRUCTIONS fORAPPLICABLE RATES
15. Amount of Li�1A�able
et Ihe spousal taz 21e.or
Gansfers untler Sec.9116 . .. . . . . . . ... . . . .--..
(a)(12)X.0_ 15.
i6. AmountMilnel4bxable . . . . . . . ... . __ _.. _.___ . ___... .. .. .
auinealrate %.045 376,683.85 is. 16,950.77
1Z AmountWLiiul6taxable . .. .. .. .. ....._ __...._ .__. .__... _ ._. ._.
atsiblligrate X.12 �p.
18. ArtwunlofLinet4�sxaWe . .. . . . . .. . ... . .-----�- "" --
at wllateral rate %.15 � ig,
. _______.__. _ _ . . .... . . ... .
,9- Tnxoue ... . _ __ . ,s �e,eao.n
20. FILL IN THE OVAL IF YOU ARE REQUESTNG A REFUND OFAN OVERPAYMENT p
Untler penaNles of pe�ury,I tlalare I M1ave asemineJ Mls mlum,inGutling eccanpanyinB SU�ules antl stetemanls,aM to�Ire Oesl N my MowlMga erM baliei,
�t is Irue, rorred antl mmpe�e.Declaretion ot Dre{rerer o1M1ar Man IM1a person responsqk fw filinB Ne reNm is Casetl an sll nbmielion of whiM qeptre�has
any knovnetl9e.
SIGNATURE OF PERSON RESPONSIBLE FOR FILMG REfURN � pATE
ADDRE55 a � � a I a ' s
SIGNATURE OF PREPRRE0.OTHER THAN PERSON RESPONSIBLE FOR FILING THE REfURN DATE
NODRESS
L i�uii�ad�������u�ii��i S,aez
1505614205 �
REV-0500 E% (Flj Page 3 File Nvmber
DecedenYs Complete Address:
OECEOENTSNAME
Mary J Brenneman
. ... . __.. . .__
-STREETADDRESS
5 Evergreen Lane
CITY STATE � ZIP
Cadisle � PA not5
Tax Payments and Credits:
1. Tax Due(Page 2,�'ne 19) (1) 16,950]7
2. CretlilslPaymenis
A.PnorPaymenk �
B.Dismunl
(See IosVucUons.) Total Credits(A.B� (2) 0.00
3. Inlerest
(3) 0.00
4. If Line 2 is greaier ihan Line 1+Lirre 3,enler Ne tliRerence. This is�he OVERPAYMENT.
Fill in oval on Page Y,Line 20 to request a rePonO. (4)
5. If Line 1+Line 3 is greater than Line 2,enter t�e�iRerence.This is the TAX DUE. (5) 16,950.77
Make check payable to: REGISTER OF WILLS,AGENT.
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Ditl decedent make a Uansfer and: Yes No
a. retain�heuseorincomeoflhePmPeMtransfeired....._......_............_..............................._......................,..... ❑ �
b. retain the nght to Oesignale who shall use Ue PropeM transferred or i6 irroome ............._........._.._.._....._._ ❑ �
c. retainareversionaryin�erest. ._......_ . . . ..._........ . . ..._....._.._ ___.... _.............. ❑ �
d. receive the promisa for life of ei�her paymenls,benefits or are� .........__ . . _....___ __........... ❑ �
2. If dea�h occurted afler Dec.12.1982,did decedent�ansfer property wi�hin one year of death
wiltwmreceivingadequateconsiaeration?.................._.___.............__................_.............................._............._ � ❑
3. Did decedent own an in Wst far'or payable-uporvdea�h bank aaoun�or secunty a�his or her death?............_ ❑ �
4. D'M decetlent ovm an inaividual 2tirement aarount,anmiity or other non-prohate property,which
conhins a beneficiary desigrefion? .......... ........... .............. . . . ............._ ............. � ❑
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 aRer July 1,1994,and hefore Jan.1,1995,the tax rate imposetl on ihe net value M iransfers to or for t�e use of ihe surviving spouse
is 3 percent[/2 P.S.§9116(a)(1.7)(i�j.
Foi tlates of Oeath on or afler Jar. 1, 1995, ihe tax rate imposed on the net value of hansfers to or fw ihe use of ihe surviving spouse is 0 percent
(72 P.S.§9116(a)(1.1)(ii)].The staW�e dces not exempt a Vansfer lo a surviving spouse hom Wx,and the statutory requirements for disclosure of assets and
filing a tax retum are sfill applicable even if Ihe surviving spouse is Me only 6eneficiary.
For dates of dealh on or afler July 1,2000:
• The tax ate imposed on Ne net value W transfers from a deceasetl chiltl 21 years of age or younger at tleaM to or for ihe use of a naWal parent,an
adoptive parent or a step�parent of the child is 0 percent[72 P.S.§9116(a)(12)].
. TheNaxrateimposedonthenetvalueofiransfersioorfurlheusaofihedecedenTSlinealhenefidanesis4.5percent,�ceptasnotedin[/2P.5.§9116(aJ(1)).
. The t�2�e imposed on�he net value of transfers�o or for ihe use of ihe decedenfs siblings is 12 percent�72 P.S.§9116(a)(1.3)].A sibling is defned,
under Section 9102,as an indiNdual who has ai least one pareM in wmmon with ihe decedent,whether by blood or atlopM1on.
REViSID Exa (09�09)
� pennsylvania
SCHEDULE G
oevnnrnenrornEve+ue INTER-VNOSTRANSFERSAND
�xneuinx���a�rvw+ MISC. NON-PR08ATE PROPERTY
�siotttr oEc[oern
ESTATE OF FILE NUMBE0.
Mary J. Brenneman
fiis Sc�eEule must Ee rompleteG and fileE if the answer to any of quesfions 1[hmugh 4 on page Mree oF Me REV-150�is yes.
DESCRIPTIOfiOFPROPERiY DAlEOFDFATH %OF�EC05 EXCW90N TPXABLE
REM �n�MEw�crrrt�uvaa.iwaxrL�navNmmrc�xrezo VRWEOFASSET INiERFST o�wvuwn VALUE
NUMBER vmwsra^^^a'•cw'°'TE°�m'"rua*�re
t. Residentual parce127-17-7692-030 at 5 Evergreen Lane,CaA�le,PA and 195,000 00 100 23.916.54 tti3OB3 4s
fitled Vicror C 8 Mary J Brennema Rev.Living Tmst dated March 3,1999
Z Farm pa�cels 38-08-0569-013,38�0&0569-074,3&OB-0569-015 and i�,q7,a00.00 100 t,697.aao 00 0.0�
38-0&0569-�421xated generally at 180 N.Laus[Point Rd.Mechaniaburg .
(continued from 2 above)PA and 6tled Vctor C&Mary J Brenneman Rev.
Livinq Trusf dated Ma�ch 3, 1999(see atlache0 Schedule AU Exemp6on)
3 Defened annuity at AMene Mnuity and Life Co.policy tt 326028 beneficary �g5,69924 100 795,69914
Vclor C&Mary J Brenneman Rev.Living Trust tlaled March 3, 1999
y Deferred annuity at Protecfive Life Ins.Co.poliq#FK0736413,beneficary 31,825 99 100 31,825.99
Viclor C 8 Mary J Brenneman Rev.Livin9 Trust dated March 3,i999
5 Norihem Trust Co.Aliy Demand Notes Accoun�#9211007370,beneficary �755�� �pp 26755.11
Victor C&Mary J Brenneman Rev.Living Lusl dafed March 3,1999
s M 6 T Bank Acwunt It 8892309504,ben�cary Victor C&Mary J 8renneman �095A2 100 7.Os6.o2
Rev.Living Trust dated March 3,1999
� Monelary giR given to daughter,Doris Law on March 17,2014 6,00�.00 100 3,���
8 1985 Chevmlet Van(1G8EG25L4F7162062)title tt 37359515001 UtIeO Victor Z 4�� ��Q p qpp.pp
C 8 Mary J Brenneman Rev.Living Trusi daled Mamh 3,1999
9 1999 Chevmlet Tahce(1 GNEK13R6XJ318054)fitle q 52006354201 ti�led 5�� ��� 5,000.00
Yktor C&Mary J Brenneman Rev.Living Trust dated March 3,1999
�Q 1988ChevroletPickup�iGWC14H2JZt23374)tltle#39720847901tltled �,Spp,pp 100 �.��
Victor C 8 Mary J Brennaman Rev.LiNng Trust daled March 3,1999
�� 19GS Fortl Grain Truck(F75EU802664)fitle#818636883 inUuded in the p,ppp.00 100 2,200.00
UMw C 8 Mary J Brenneman Ree Living Tnist dated Merch 3, 1999
�Z 198GChevrolelPickupTk(2GCEC14H1E1109081�NNe#35711782603 fipp,pp 100 600.00
included in Victor 8 Mary Brenneman Rev.Liv.Trust dateC March 3,1999
13 Money retumed 6om tl�e Bndges At Bent Creek Re6rement Home on May 20, 3,1898fi 100 3,189.86
2014
�a Money reNmeA 6om American Progressive Life and Healih Insurance Co.on 3,143 20 100 3.14320
June 17,2014
15 Money retumed from ComrtwnvrealM Mobile Den�stry,Inc on August 18, »5 a0 100 >>5�
2014
76 Remaininglarmequipmentnotpreviwslywld. 1975NHmanurespreader 2,450.00 100 ZA���
$800,1968 JD horrow$1000&1964 Smoker Elevator$650
�� Shop small tools,dnll press,aircompressor,efa 2,7p0.00 100 2,700.00
TOTAL(Also enter on Line 7, Rxapitulation) S 458,757.88
If more space is neeGeq use addiHonal sheetr of paper of tl�e same size.
RFVdIll E%+(OB-13)
�pennsylvania SCHEDULE H
iV oEraamewroFaevenuE FUNERAL EXPENSES AND
��xea�ax�ETAxa�*ua� pDMINISTRATIVE COSTS
aes�oe+r oeceo�rrr
ESTATE OF FILE NUMBER
Mary J Brenneman
DeceAeM's tlebts must be reported on&hMula 7.
ITEM
NUMBER DESCRIPIlON AMOUNT
A. I Fl1NERAL EXPENSES:
t' Malpezri Funeral Home,mortldan services 5,475.00
z Casket,VaultandCemetaryequipment 4,680.00
3 Regisfration package($195),Newspaper notices($335.13),Flowers($200)Death Cerfificates($150) 880.13
< Longsdorf Cemetary($600)antl Guy EckeA($300)for SaWrday grave serdces 900.00
5 PastorEncFunk 150.00
s New Kingslown Fire Co.for Funeral Meal 29929
� GraveMarker 3,800.00
B. ADMINISTRATIVE CO5T5:
�. Personal RepreseMative Commissions: 2,500.00
Name�s)of aersonal Representabve(s) Lynn K Brenneman ___
streee naaress 180 Texaco Road ,__ _
__
c,ry Mechanicsburg . . _ stnte PA. Zip 17050
vear(s)[ommission Paia: 2014
2. qttarney kes:
3. Famity Exemption:Qf decedenPs address is no[Me same as tlaimanCs,atdch explanation.)
❑aimant
Street AGEress .
CiN .__Sta[e__ZIP_ ._
RelatlonshlDofOaiman[roDecedent .. __ _
4. Prabate kes:
5. Acmuntant Fees:
6. Tax ketum Preparer Fees: 95.37
�� �iversified Appreisal Services(Farm and House Appraisal) 875.00
East Pennsboro Ambulance(Trenster from hospital back ro retirement home) 108.00
Pederal Income Tau Retum 29,917.00
State Income Tax ReNm 3,791.00
TOTAL(Also enter on Line 9, Recapi[ulation) S 53,470.79
If more 50ace is neetleQ use atldNonal shee6 of DaDer of Me same size.
aEv-isiz Ex+(ix-iz�
� pennsylvania SCHEDULE I
oecanrnervranevervue DEBTSOFDECEDENT�
wxennzucE r�nEn,nx MORTGAGE LIABILITIES &LIENS
aEsioervr oeceoee�r
ESTATE OF FILE NUMBER
Mary J Brenneman
Report OebK in[urteE by the Oettdent priar to dea[h Nat remaine0 un0aid at the da[e of death�includinp unreimbursed meEiol erpenses.
REM VALUE AT DATE
NOMBER pESCRIPIlON pFDEATH
�� Repayment of deb[Mr refirement home,medical and other vanous expenses paid by Brenneman 28,603.24
Farms,Lynn Brenneman,PropneWr when available funds were deple�ed. (see adached record)
She bovowed money to pay bills instead of liquidatlig ihe deferted annuitias ihat were still paying 3.5%
interest
TOTAI(AI50 en[ef on Line 10,Re[apitulation) S 28.60324
IF more space is neeGeG,insert atlditional sheets of the same size.
R&-119�(S�ll)
�i pennsylvania SCHEDULE AU
DEPAFTMEMOFFEVENUE
euneauaFwomoun�rnues AGRICULTURAL USE
INHEPRANCETq%DMSiON EXEMPTIONS
PO BOX x8o6o1
HFflP[5011FG PA ryu8-ofiov
ESTATE OF: Mary J erenneman FILE NUMBER:
Use this schedule to re0ort real estate for which you claim an exemption from inheritance [ax untler the "Fartnlantl - Other"
Exemption (72 P.S. § 9111(s.l)) ar the "Business of Agricul[ure" Exemption (72 P.S. § 9111(s)). Check ihe box below next
to the exemption you are claiming (select only one):
� Business of Agriculture Exemp[ion ❑ farmland - O[her Exemption
Complete Parts 1 and 2 of this form. Agricultural Conservation Easement; Agricultural
Reserve; A9ncWtural Commodity; Agricultural Use
Property; or Forest Reserve (Definitions on back of
form). Complete Part 1 and check the appliwble
category on the back of this form.
Attach a wri[[en sta[ement explaining in de[ail how the real estate qualifes For the daimed exemOtion. In addition, if you
are claiming an exemption for any structure affixed to the real estate, iEentify the structure and explain in detaii how each
s[mcture qualifes for the daimed exemp[ion. Struc[ures affixed to the real estate that Oo not qualify for an exemption must
be valued and reported on Schedule A to the Inheritante Tax Re[urn. PleaSe also attach all supporting documen[s with the
written statement, includinq the munty assessmen[ card. Failure to provide this information may resW[ In a denial of the
claimed exemption or a delay in processing your return.
PART 1: PROPERTY INFORMATION
Property Parcel Identificaiion Number: 38-08-0569-013
Percentage of Parcel Exemptea: �00%
Date of Death value under 72 P.S. 4 9121: Assessment x CLR=$1,171,566.00
Physical Location: �80 N. Locusi Point Rd. Mechanicsburg Cumberland
SfREEf ADDRE55(DO NOT REPONT P.O.80X) C[TY COUNTY
PART 2: OWNER(S)'S INFORMATION
Provide the name and mailing address of all transferees of ffie real estate listed above (attach atldi[ional sheetr if necessary):
Lynn Brenneman Son Charles Brenneman Son
OWNERNAME RELA1[ONSHIPTODECEOENT OWNERIUME REIATIONSXIVTODECFDENT
780 Texaco Roatl 194 Konhaus Road
MAIL[NG AODRE55 MAII]NG ADDRE55
Mechanicsburg PA 17050 Mechanicsburg PA 17050
cro srqTe nv cm STATE z�o
Ronald Brenneman Son
OWNERNAMC NELAT[ONSNIVTODECEDENT OWNERNpME 0.EUITIONSHIVTODECEDENT
180 N. Locust Point Road
MIIILING YDORE55 MNITNG 4DDRE55
Mechanicsburg PA 17050
Citt STGTE IIP CITY 5{ph yp
PE0.1t9J(513�
,�i pennsylvania SCHEDULE AU
ry� DEPAFTMEMOFFEVENpE pGRICULTURAL USE
BUNFAV Of INDMDUNLTA%ES
mneaRanceraxorvcsorv EXEMPTIONS
PO BOX aBOW1
HRFIllSBUPG PA�)uB-o60i
ESTATE OF: Mary J B renneman FILE NUMBER:
Use this schedule to re0ort real estate for which you claim an exemption from inheritance tax under the "Farmland - Other"
Exemption (R P.S. § 9111(s.l)) or the"Business of Agriculture" Exemption (72 P.S. § 9111(5)). Check the box below neat
to the exemption you are claiminq (select only one):
� Business of Agrialture Exemption ❑ Farmland - O[her Exemption
Comple[e PaKs 1 and 2 of this form. A9ricWhral Conservation Easemenq AgricWturat
Reserve; Agricultural Commodity; A9ricultural Use
Property; or Forest Reserve (Defnitions on back of
form). ComDlete Part 1 anE check the applicable
category on the back of this form.
Attach a wntten statement explaining in deWil how the real estate qualifes for the daimed exemption. [n addition, if you
are daimin9 an exemption for any s[mRure affxeA to the real es[ate, iden[iry the struQure antl explain in detail how each
struc[ure qualifes for the daimed exem0[ion. 5[ructures affixed to the real estate that do not qualiry for an exemption must
be value0 antl reported on Schedule A to the Inhentance Tax Retum. Please also attach all supporting aocumen[s with the
written statement, includin9 [he county assessment card. Failure to provide this information may result in a denial of the
claimed exemption or a delay in processing your retum.
PART 1: PROPERTV INFORMATION
Property Parcel Identifcation Number: 38-OB-0569-014
Percentage of Parcel Exempted: 100%
Date of Death value under 72 P.S. § 9121: Assessment X CLR= $913,671.00
Physical Location: �80 N. Loast Point Road Mechanicsburg Cumbedand
STREEf ADORESS(UO NOT REPoRT P.O. BO%) CITY COUNiY
PART 2: OWNER(S)'S INFORMATION
Provide the name and mailing address of all transferees of the real estate listed above (attach additional sheetr if necessary):
Lynn Brenneman Son Chades Brenneman Son
OWNERNAME REl4TIOX5XIPTODECEOEIR OWNERNAME 0.EU1iIONSNIPTOOECE�EHT
180 Texaco Roatl 194 Konhaus Roatl
MAII3NG ADDRE55 MNLING ADDRE55
Mechanicsburg PA 17050 Mechanicsburg PA 17050
QTV SfRTE ZIP CITY STATE IIV
Ronald Brenneman Son
OWNERNGME REIATIONSXlVTOOECEDENT OWNERNAME NEIAiIONSXIPTODECEDENT
180 N. Locust Point Road
MAtLIHG ADDRE55 MNLING RDDREA
Mechanicsburg PA 17050
CITY STATF IIV CIiY STA1E IIV
REVd19]�5-13)
� pennsylvania SCHEDULE AU
�EPAPTMENTOFPEVENUE AGRICULTURAL USE
BtIFFAO OF INOMOUFL TN%F5
ir�HeARnNceraxorv�s�an EXEMPTIONS
co eox�eowi
HAflRI58URG VA apa&o6ot
ESTATE OF: Mary J B renneman PILE NUMBER:
Use this schedule ta report real estate for whith you [laim an exemption from inheritance tax under the"farmlantl - Other"
Exemption (72 P.S. 4 9111(s.i)) or[he "Business of Agnculture" Exemption (72 P.S. 4 9111(s)). Check the box belaw next
ro the exemption you are claiming (select only one):
� Business of Agria�ture Exemption ❑ Farmland - Other Exemp[ion
Complete Parts 1 antl 2 of this form. Agricultural Conservation Easement; Agrlcultural
Reserve; AgricWtural Commodity; A9ricultural Use
Property; or Porest Reserve (Definitions on back of
form). ComplMe Part 1 and check the applicable
category on the back of this form.
Attach a written statement explaining in detail how [he real estaie qualifies for the claimed exemDtion. In addition, it you
are claiming an exemOtion for any structure affixed to the real estate, identify the structure and explain in detail how each
structure qualifes for the claimed exemption. Structures a�xed to the real estate that do not qualify for an exemption must
6e valued and repoKed on Schedule A [o the Inhentance Tax Retum. Please also attach all supporting documents with the
written statement, induding the munty assessment card. failure to provide this infortnation may resWt in a tlenial of the
tlaimed exemption or a delay in processing your return.
PART 1: VROPERTY INFORMATION
Property Parcel Identifcation Number: 38-08-0569-015
PercenWge of Parcei Exempted: 100�0
Date of Dea[h value under 72 P.S. 4 9121: Assessment X CLR=$298,287.00
Physical Location: 180 N. Locust Point Road Mechanicsburg Cumberlantl
STREEf ADDAFSS(DO NOT RFPORT P.O.BO%J CITY COUNTY
PART 2; OWNER(5)'S INFORMATION
Provide the name and mailing address of all [ansferees of the real estate listed above (attach additional sheets if necessary):
Lynn Brenneman Son Charles Brenneman Son
OWNE0.NAME REL1lION5HIP TO DECEOEM OWNER NAME REIqTIONSMIV TO DECEDElR
180 Texaco Roatl 194 Konhaus Roatl
MAILING PODRE55 Ml1[LING RDDRE55
Mechanicsburg PA 77050 Mechanicsburg PA 17050
cro srare nv tm srqr¢ ziv
Ronald 8renneman Son
OWNERHAME ItELqTIONSHIPTOOECEDENT OWNERNAME REIATtONSHIVTODECEOENT
180 N. Locust Point Road
MRILiNO l�OORE55 MI1IL[ryfi qDDRE55
Mechanicsburg PA 77050
CITV STpTE ZIP CITY SfpTE IIP
ee�+�w(s.i3l
� pennsylvania SCHEDULE AU
�EPAfRMENTOFFEVENIIE pGRICULTURAL USE
80FEAU OF INDNI�UALtAXES
:r�seRcrnncernxotvis�on EXEMPTIONS
PO BOX aB06o�
HFPFi59UFG PN t�f�8-afiol
ESTATE OF• Mary J e renneman FILE NUMBER:
Use this schedule to report real estate for which you daim an exemption 6om inheritance tax untler the"FarmlanG - 0[her"
Ezemption (R P.S. § 91ll(s.l)) or the "Business of Agnculture" Exemp[ion (72 P.S. 4 9111(sp. Check the box below next
to the exemption you are daimin9 (select only one):
� Business of Agriculture Exemption ❑ Farmland - Other Exemption
Comolete Par[s 1 and 2 of this form. Agri<Whral Conserva[ion Easement; A9ricWtural
Reserve; AgricWtural Commodity; Agncultural Use
Proper[y; or Forest Reserve (Definitions on back of
fortn). Complete Part i anE check the appliwble
category on the back of this form.
Attach a wntten statemen[ explaining in detail how the real estate qualifes for the ciaimed exemption. In addition, if you
are claiming an exemption for any s[ructure affixed to [he real es[ate, identify the struRure and explain in detail how each
structure qualifies for the daimed exemption. 5[ructures affxed to the real estate that do not qualiN for an exemp[ion must
be valuetl and reported on ScheAule A to the Inheritance Tax Retum. Please also attach all supporting documents with the
written statement, including the county assessment card. Failure to provide this information may result in a denial of the
daimed exemption or a delay in processing your return.
PART 1: PROPERTY INFORMATION
Property Parrel Identification Number: 38-0BA569-042
Percentage of Parcel Exempted: 100°�
Da[e of Death value under 72 P.S. § 9121: Assessment X CLR=$59,994.00
Physical Location: �80 N. Locusl Point Road Mechanicsburg Cumbedand
SiREET RDD0.E55(DO NOT REPORT P.O. BOX) QTY COIlNT'
PART 2: OWNER(S)'S INFORMATION
Provide the name and mailing address of all transferees oF[he real estate lis[ed above (attach addi[ional sheets if necessary):
Lynn Brenneman Son ChaAes Brenneman Son
OWNERNRME RELAT]ONSHIVTODECEDENT OWNERNRME REIATlOHSNIVTOOFCEDEM
180 Texaco Road 194 Konhaus Roatl
MAILING ADDNE55 MIliL1NG ADDRE55
Mechanicsburg PA 17050 Mechanicsburg PA 17050
QTY STNTE ZIV [ITY STATE 2IP
Ronald Brenneman Son
OWNEM1N/1ME RELAT[ONSNIpTOOECEDFNi OWNERNIIME 0.ELATIONSNIPTOOECEOENT
180 N. Locust Point Road
MPILiNG ADDRE55 MI1iLING AOORESS
Mechanicsburg PA 77050
�ITy STRTE ZIV QTY STATE 2[P
Attachment to Rev. 1197—Schedule AU
Property parcel#s induded in the Agricultural Use Exemption are 38-08-0569-013, 38-08-0569-014,
38-08-0569-035 and 38-08-0569-042. The parcel ending in 013 consists of 79.49 acres with a house,
barn,[wo large equipment sheds and several other structures.The otherthree parcels are farmland
only,with 95.7 acres combined. The Brenneman family has operated this farm since the early 1960.5.
Victor&Mary were the operators till 2001 and Mary continued[ill her heal[h failed in 2008 when,son,
Lynn took over as the operator purchasing almost all of the equipment in the years since. This
farm has had gross incomes well over one hundred thousand dollars for the last 5 years. (see included
tax forms)We grow corn,wheat and soybeans. We also bale large quantities of straw.
Structures purpose:
Hl house—One of the owners lives in the house. There are farm records kept here and it is important to have
someone living there to keep the farm secure. On a PA Dept. of Revenue issued statement called Informational
Notice Inheritance Tax 2012-03 dated September 06,2012 it states that"residential homes on a real estate
parcel that otherwise qualifies for the exemption will be presumed to be used in the business of agriculture:'
There is nothing done in[hat house that would disqualify it from the exemptioon
tt2 Barn—It is used to store up to 7,000 bales of straw along with wagons and grain heads for harvesting.
#3 Pump house—Used for storage of supplies and some lawn care equipment.
k4 Small Shed—Storage of farm equipment.
7t5 Milkhouse—Used for storage of anything that can't freeze including seeds and spray chemicals.
#6 Large shed—Used to store the big equipment and it has[he shop for repairs on the one end.
q7 Old chicken houses—Used to store tires and less used item needed to farm.
NS Silo—Not used and has no value as anything useful to another farmer.
#9 All other small structures are used for storege of parts or to store equipment.
Date of death value:
The figures used on the form AU for date of death value are the county assessment values[imes the
common level ratio as requested in a phone conversation to a representative from the PA Dept. of
Revenue, Inheritance Tax Department. Please do not ignore the appreisal report submitted with this
return.
� 'Cumberland County Board of Assessment Appeals •
Old Courthouse, First Floor � �
� One Courthouse Square
Carlisla, PA 17013 ' -
38003058-3A-30300
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HItENNE[4AN REV LIV TR� VICTOA x30 ¢1
& MARY J HRF.NNEMAN
5 EVEnGREEN IaNE Deadline for Scheduling an Informal Raview
CTALISLE, PA 17015-8873 Appointment: nupust 10, 2010
For tletails, please see the reverse sitle. �
� • •
The Cumberland County Board of Assessment Appeals is providing you with notice of lhe value on this property,
de[erminetl as a result of the Cumberland County countywitle reassessment completed this year. The county.vide
reassessment values each property at current Fai� Market Value, as of January 1, 2010, equalizing antl establishing a
uniform tax base so Ihat pmperties of like characteristics and Ihe same actual Fair Market Value wili be taxed the same.
• • FORMAL APPEAL DEADLINE: I
A�gusY 10, 2010
dnxzxac nnms: suiy i, zoia Parcel ldentifier:
Xunic.: 3B - 8ILV6R 9PAIN0 �,mm 38-08-0569-013 . �
School: 6 - CfRIBBRI.\N� VdLLEY SD
Locatien: 2010BaseYear AssessedValua OldAsxssedValue
Falr Marke[Value 30t0 Markatx t00Y•) (2004 Market)
aeo v cacosm noxm aoAn 957,600 957,600 364,950
LTlID dPPRO% Y9 ACR6S V�d
Builtlings 225,800 225,800 189,670
TOTAL 1,183,600 1,183,600 554,6Y0
:=.avie s:�e�cy 201U Glean antl Green Values
Land 72.300 '/2�300 67�810
zaM Size: '/9.69 aczea Bulltlln9s 225.800 225.800 189�670
TOTAL 298,100 298,100 �57,480
eroperry 1ype: A
aeaidanci¢1 110+ acree) pean end Grean values appty to qualifeC faim antl foresl IaM antl becoma eRective
6nio11eG Sn Cleav and Gieen o��Y upon applicatlon antl apP�°al. C/ean antl Green applicetions mu4l be�eceived
. . _ . . Dy.t�e Pssessment OtOce rro later than 6:30 p.m. on Octobe� 15, 2�10. Those
prtvlously epprovetl for Clean and Green tlo not nwtl[o reapply.
�
Below is your preliminary estimate of county taxes for 2011 (after reassessment), compared with your 2010 (current)
county taxes. A total estimated tax profile (county, municipal, school district) is available online. See our webpage,
w.wv.ctDa.net Click under"ReassessmenY'in lower right of home paga .
Current 2010 County mills = 2.579
Adjusted 2010 County milla = 2.074
$ 664 : 2010 COVNTY Tau SEFORE Reaseeeement baeed On Clean & GrCen.
$ 618 : 2010 COUNTY Tax AFTER Reassessment based on Clean & Green.
(see reverse side)
� Cumberland County Board of Assessment Appeals •
. Oid Courthouse, First Floor
One Courthouse Square .
Carlisle, PA 17013 � ' .
3H001060-3A-30302 �
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ioaaa
SREId7EMAN, VICTOA TR T30 Pl
8 MARY J SAENNE[91[J
5 EvmGxEEN r.uae Deadline for Schetluling an Informal Revlew
CARLISLE, PA 17015-8873 - Appointmant: nuqust 10, 2010
� For details, please see the reverse side.
• • •
The Cumberland County Board of Assessment Appeals is providing you with notice of the value on this property, �
detertninetl as a result of the Cumberland County countywide reassessment completed this year. The countywitle
reassessmeni values each property at curtent Fair Market Value, as of January 1, 2010, equalizing antl establishing a
unifortn tax base so that properties of like characteristics and the same actual Fair Market Value will be taxetl the same.
• � • FORMALAPPEALDEADLINE:
Auguet 10, 2010
wnxcxvc unms: .nir i, �alo . Parcel Itlentlfler. �
m.oi�.: 3e - sxcven anaxac rwn 38-OS-0569-015 .
School: 6 - C01�6RLMU VALL6Y SO �
cocatioo: 3010 Base Vear AssesseA Value Old Asseuetl Value
FairMarketValue (2U10Marketzt00R� 1z004MarkeQ .-
ieo na a cocvex noxrer nw.n 301,300 301,300 128,920
W[ID APPROX 16 ACRCs Lantl
Buildings 0 0 0
TOTAL 301,300 301,300 128,920
xexeble nroyercy 2�10 G/ean antl Green Values �
��d 16,000 ia,000 13,090
zana size: is.eo ecrae Builtlings 0 0 0
rrepazcy syp.. v TOTAL 16,000 SA,000 13,090
vncenc una Clean antl Green values apply to pualifetl faim antl forest lantl anU become efleqive
�rolled in tlesn aud 0v��n only upon appilw�ion entl approval. Clean e�M Green appliradons musl be receivetl
�y ihe Assessment Office no later ihan 430 p.m. on OpoOer 15, 2010. Those
previously approvetl for C/ean antl Green tlo not need ro rcappty.�
�
8elow is your preliminary estimate of county taxes for 20'i t (aker reassessmenQ, comparetl with your 2010 (current)
c0unty[axe5. A total estimatetl tax proflle (county, municipal, school district) is available online. See our webpage,
wwvd.ccoa.net. Click under"ReassessmenY in lower right of home page.
Current 2010 County mills = 2.579
Adjusted 2010 County mills = 2_074
$ 34 : 2010 COVNTY Tax BEFOAE Aeaseeasment based on Clean & Green.
$ 29 : 2010 CODNTY Tax AFTER Aeassessment based on Clean & Green.
(see raverse siae) .
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PHOTOGRAPHS OF THE SUB.TECT Il1�ROVEMF.NTS
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PAOTOGRAPHS OF THE Si7BiECT DKPROVEMENTS
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J Pw�dULe F 0903310027
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se r�� o�+...,�.
��Ft���9) w �Z PIM1pePM30.5PA-
iO_ / 65 or Ppol OfflCIpLLLSfOwIY
Name of owna s�own an PA dx retum: �.��s
L1T*N $ 2R5h7l�lAN SotlalSemnry Numbrl 2 0 0 3 6 9 5 9 "1
A. /9naO+I�4iI4Ee.W�MeMemhNa[M#Eco�M�0�^oW�lnmmc B fliMWlhatluROp.'vbeinCnPwtwOwwGSYarpnntlP31
;..=-�ns�-+b:�zaaNammmerevers.suedu.ssneeuk.► 0120 aw«ouWtfameomntdvw. ►GRAIN
. .'--s�1 a mnnotlAes rectleeE unEer me paymaRstin-Wntl pmgam,M1il in Ue oval(s)tlwt apply: Taxpayer IOmtifimtlan Number(not SSN)
= fisL(or livestwk p 5old antl reported in inmme z 6 3 0 1 3 4 0 8 C
Farm Income-�ash Methotl�cmplete Parts I and II $�Ta��:rennse Number(if applicaMe)
(Accrual meHwtl tazpayers mmqy�¢parts II a�III aM Li�ce 12 of Part I.)
1. Sales W lives[od and aMer Rems bought fa resale__.._________ �
""_"""""'___'""__"_"_'""'""_'""""""""___'"' 1.
2. Cost or other basis M livestork arW Mher items bou9h[fn resale_"'"__""'"""__"'"'""""___""""___"""'"""'"_"" Z. �
3. Sub4aR Lin2 2 Gom Line 1 O
__'"_'""'"__"_'_'"""'"""_ 3.
4. Sales af livestpdc,potluce.92ins and oMer producE raised _ "'___""""'"""""""_ q, 228,326
"' _ '""
__""' _"'"_"_" --Q
5. a. Total dis[nbu�ons recerveG fiom caopemtives((rom Porm 1099-PATA) Sa.
0. LeSs: Nominmme i[ems_ Sp p
"""____"""'"__'"_'_'_'_"'"___"_'___"
6. Net OistribuHans.Subtract Gne Sb(rom line Sa ____""_""__-'""'_'__"'"__'"_"'""'""_""""__""___"'_ 6• p
]. FgncuRual progam payments:
a. Cash ]a. 4,120
_'"___"""'_"'____"'"_"_""""'__"""___.____""'""__'""_"_""'_'""'""'""_'""""__-__""__"_
b. Matenals antl services o
""'__""'"____'__"'".....
__..____"""___..'"'__""___....._.
__"""____"'"___ .
8. Commotlfly uMd loans untler election(or foReited)_.._ _ _ __ _ Q
9. Cro insu2n[e - ..""_"__ 8.
P� P�eeds_...._"'__'_"_""__
'""'"""__"""__'"""__""""'_'""'"___"_""___""_'__"____ 9' p
10. Machine work lo O
'""'""""'_"""""'__...... .. ..
._._'-_'""'__"____""""__"'""__'...'_""'""'""_"""......_.
-_"..__..""'"_'
11. OMer inmme,indutling fetleal anG state gasoiine tax ae0it or reNnd,interesi inmme antl sales oF
opeational asse[s_____._____,. 11. B, 952
__""""'__.....'""_""'___.___'""""_'""'_""...
_"" """""""__"...._'__....___"'"_""_
12. Grou income.Add amounts on Lines 3,4, 6 antl 7a through 11.If using the acuual methad,en[er[he
amowt hom Part III,lirre 53_._..._'"__"""'_"""'"___....__" " _. 12.
""""_""""'""__"_"__"""""__"'....."'"""'""""'""_' 291.398
Farm DetlyQjp�gW�and Aarual Method.pn�p�inaude personal or living expenses.Reduce Me amounc of
Y�r farm tleGuctions W a'ry Mmburaemmts befara en[arin9 the datluNon.
13. Brreding lers _""""_"""__"""""_"""""'_ 0 2]. Othtt inhrest "
""""""_"""'___"'_ 1
14. Chemirals _"_'""""'"""'_'_"__"___"""""'_ 9 162 7& Pensian and
15. Conurvation expenses_.....____....__._. P�t-shanng plans far
0 emWWees _"""'"_"""__""""""""_...._._ 0
i6. a. Regulartlepreriation _____________ 10, 81 29. Rmtaffarm,pasture _._......__....__ 13,330
b. Section ll9 expmse _____. _ 15,B38 ;0. Rcpyirs,main@nance 18, 091
''_'""_ _ _"_'__""_"_
v. Employee benefit pmg2ms oMerthan 31. Seaas,plan[s purtliysed__ 19,615
_'""""_'_
c ose on h'ne 28 _.._"__'"'_"__'"""__"' 1, 399 32. Stom9e,warehau4n9 _"__""'__"_"
18. Feed purUaseA _____ 33. Su Iies � �
_'_'__""""'_""'""""_' 0 PV WrthasM_'_'__""_'_""_" '/85
19. Fertilizersantllime'"___""___""__""'""' 49� 055 34. Taxes_'_'"""_'__'...."__"_...__"'"_'_ 4, 113
]0. Freigh[,huckin9 __"'__""'"__'"'"'__'_ 9,9"10 35. U[ili6es __"'.....____" 3, 150
. ...."_""""'"'_
21. Gasaline,fuel,ail "__""""_ 15,449 �• ��narylees,medltlne _..._....'__ �
__._'____'
3I. Ipsu2nCe _...... ""_ 13.084 3]. OtherezP�ses(spedfy):
23. a Laborhiretl 15,389
aOFFICS 8XP8NSE
_ ...__"""__....""'_""".___.._ 155
b. ]oM cretlR p b.'_""""""_"'.._'__'"..._......_'_""..._ 0
a Balance(subbaR line 23b from °�_.."___....__'"'""""_'""'___""'____' 0
Line23a) _.... _.....__ 15.389 3]. Tafalothern�Penses _'__'"""""""""'_' 155
__.....'__...._
2/. lznd deann9____."_""""""""_""'"___"'"_ Q 38. Total expenses(Md Lines 13
25. Machinefiire ' Mmu9h3J.)_""___"'_'_'"_"'""_..."_ 205,022
_'_"_""""_'""""_'""'_""""' 7, 83 39. Redure exPenses W the toml busines
26. Mortgage in[eres[paid[o finanual nedi6 daimed(fw exzmple,
inspNGOns_"'"""_"'_._.... EmploYmerrt IncenGve Payments
- _'__"__"""_
0 CredR)on your PA 40._"_"""'"_""'_ 0
40. To�l deduNonz Subbact Line 39 from line 38 �
'""...___.__"_'""'_""...__ . .
-__'__'"_'""_"...._._."__'..�� 205,022
41. fiet larm pmfR or loss SubVact Line 40 bom fine 12 If a neI lass Is shown,fll In Ne oval.
En[er the rewl[m your PA tax reNm.
_'"_'_"'_""""__.___.."__""'"'___.__...'_'"'_"""""'"__..."__O 41. 36,376
�sss
L a�.,,,,3,,,,�
0903310027 SIDE 1 ❑903310027 J
� PAScheduleF �y 130331�021
Farmincome Y1
and Expenses ?`�""',rs°.',T,'
VA-qOF(03-13���) �p IntlutlewiM'rorm
�O d P/-CO�YRQUS/PRbSorVA-CI omcwluseorvLr
Name of owner as shown on PA taa return: Owner's
LYNN K BRBNNEMAN Social Sxunry Number Z 0 0 3 6 9 5 9 "]
p, pqriculNal N[INHy CaEe.Wn@ Ihe ca'Ie Ma[�csl desalbes your pnncipal lnrome- B Ynndpal RaEUR 0eunbe in one o�Mo watl5 your pMcipal
pmtiv[ing attiviry.Co0e5 are Gzled on[M1e reverse side of Ihis s[M1etlule. � �12 0 ���or outpul for[�e mrtenf tax year. �GppIN
If you tlispose�of mmmodibes reoeiveU unEerMe paymen6-imkin0 proq2m,fill"m Me oval�s)IM1at apply: TdXp3y¢f IOCntifiUli00 Nu01b¢f(n0[SSN)
O Feed For livesrock O Sold and reported in income 2 6 3 0 1 3 4 0 8 C
Fartn Income-Cash MMhod-Complele Parts�antl II Sales Tas License Number(A avv�icable)
(Accmal method taxpayers complete Paris II antl III antl Line 12 of Part I.)
1. Sales of livesro&an0 other items bough[For resale .._.._. _ 1. 0
2. Cos[or o[her basis of livestak anG other i[ems bought for resale__, ___ .__.._ 1• 0
3. Subbact Line 2 fmm Line 1 _._ _.._ ____ 3. 0
4. Salesoflivestock,pmEuce,grainsando[herproduc[sraised _____ _. ._..._�_ a. 202,088
5. a. ToGI dis[ributions received fiom coope2[ives(from Fortn 1099-PATR) 5a. 0
b. Less: Non-income items 56. 0
fi. Net Oistributions. Subtract Line Sb from �ne Sa ._..__ ___..._____. 6. 0
___________.___._.. .
7. Agricultural pmgam payments:
a. Cash ___._. ]a. 0
b. Materials an0 semces � �_____ 1b. 0
_
e. CammoGity cretlit loans under electlon(or forteired) __ _. .. .___ e� 0
9. CmOinsurancepmceeds_.___ __. ._. _.. __ 9• 4
_._ --___ ...._..
10. Machine work .___.._ 30. 0
11. Other inmme, mclutlmg federal and s[a[e gasoline tax cretlit or refund,mterest inmme and sales of
opera[ional assets __.__ _ 11. 11,346
13. Gross income Add amounts on Lines 3,4, 6 and]a[hmugh 11. If using[he a¢mal method,enter the �
amount fmm Part 111, ��e 53 _ --- .__.. __- 12. 213,434
Farm Deduction5-Cash and Aarual MMhod.Do not incluEe personal or living ezpenses•Retlum the amount o!
your(arm Oetluations by any reimbursemeMs before eMering tha Eatluction.
13. 0ree0ing kes 0 D. Other interest Z
14. Chemicals �,311 Z8. Pension antl profiFshanng plans for
15. Conservation expenses . _....._ ___ 0 employees 0
lfi. a. Regular depreciation 16, ll5 Z9� Rent of farm,pasture 5,519
b. SeRion ll9 expense 23,500 30. Repairs, main[enance 9,145
1l. Employee benefit progams other[han 33. Seeds, plan6 purchased _ _______ 16, 843
those on Gne 28 0 33. 5[orage,ware�ousing __�___________ p
18. Feedpurchased � 33. Suppliespurchased __ _ _ BB2
19. Fertillzersandlimc __ ___ 38,195 ;4. Taxes _,... __ __ 4, 326
30. Freighq[mcking � 207 ;5. Uhlities _. ____ --__ 3,286
21. 6asoline,fuel oil 6,426
36. Vetennary fees, mediane _. _......._ 0
32, insurance __ ______..._ 14,260 ;�' Q�her expenses(spenfy):
aOFFICE EXPENSE 511
33. a. Labar hiretl 10,069 b DRYING EXPENSE� 1, 919
b. ]obscredl[ 0 -"'-' --- ---
c.
c Balance(sub[rsct�ne 23b hom ;), TOWI other expenses ...._ 2,428
�ine 23aj ---- -
24 Lantl clearing___,__..._____________ � p 38. To[al expenses(Hdd�ne513 169,412
Ihrough 3]) _....
35. Machine hire ________......_.....___. 3, 902 3g, Reduce expenses by Me[otal business
36. Mortgage in[eres[paid ro fnancial creGits claime0(Por example,
iretitubons Employmen[Incentive Payments
-- ------� � --- 0 Cretlit)on your PA 40 0
40. Total tletluctions.5ubhact Line 39 From Line 38 ..._.._ _.__._-� 4�� 169,412
41. Ne[farm pm t or loss Subtract Line 40 from Line 12 If a ne[loss is shown, i in[ e ova. mss
Enter the resul[on your GH tnx reNm O 41� 44, 022
tsss
REVOY15116T1W
L 1303310021 SIDE 1 130331�021 J
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Farmincome iil �c� ���T��-a�}z , JOn� � �. �an� < S
antl Ezpenses °°L",:�:'...n° p � ,
PA'Io F(09-�9) w A NCIOEa wM Porm ��Ct�( IJ-Z ���CtG��C_ �c(� �! � h� ♦
`O�Y PM90�VI14M/PR-65 or Pp-41 / ofFlant u5e On�v
Name o!owner as shown on PA Gx return: Owner's
LYNN K BRENNEMAN Social Semrity Number 2 0 0 3 6 9 5 9 9
. _
p. .�gticulWnl M[IWIy Cotle.Wn[e[M1e co4e f�at 0est tl�mb¢your pnnn0al inmme B PrindW I VroCUQ.ce5cnbe In me or Mo waNs your princlpal
pme�c�ngaammv.coaesarer�smeo�merererses�aeorm'�:uneewe. ► o120 ��a�o�co�<<orcnea�.e�na.�ea�. ►GRAIN
[f Ya Oisporea of mmmotli[ies receivea untler tM1e payments�in-k�m�pmgmm,fill ln tM1e ovai(s)tM1at aD�ly: Taxpayer ldentification Number(not SSN)
O FeeO for lives[ock O Sold antl reparted in inmme y 6 3 0 1 3 4 0 B C
Farm Incom�Cash Method�omplete Parts I and II 5alesTaxLicenseNumber�iiavVlicab�e)
(Accrual me�hatl taxpayers complete Parts II and III antl Line 12 of Part I.)
1. Sales of livestak antl ofher items bought for resale 1. 0
2. Cos[or other basis of livesrock and o[her items bought Por resale__ __ _.__ �� 0
3. Subhact Line 2 from Line 1_ _ _ ..._____ __, ___ ________ 3. 0
4. Sales of livesrock,pro0uce,grains anE other pro0ucts raised __ ..,_ ____ 4. 144,288
5. a. Ta[al distributions received bom mopera0ves(hom Fortn 1099-PATR) Sa. 0
b. Less: Non-inmme items .___..____.______.._._. Sb. 0
..____.___._. ..
6. Net tlis[ributions.Sub[2c[Line Sb from Line Sa 6. �
7. AgricWNral pmg2m payments:
a. Cash ..__._____ 7a. o
b. Materials antl services ___._ .__ 7b. 0
______...._.
8. Commodirycredi[loansunderelxtion(orPorfeiteG) .__..__._ 8. 0
9. Cmp insuranre proceetls .__ .._. ____ 9. 0
10. Machine work .._.__ "__ _____ _____- . _..._._ 10. 0
11. Other income, induGing Federal ana s[ate gasoline[ax aedi[or reNnq interest inmme and sales of
operationalassets ______ . .__..._ . Il. 9,839
12. Grass income.Add amowts on Lines 3,4,6 and 7a thmug� 11. If usng the accmal meMotl,en[er the
amowt fmm Part fli,Lne 53 .. ..__ -------- -------- 12. 154,125
Farm Deductions-CaSh anA Acc�ual MMhod.Do nof incluAe persanal or living etpenses•Retluce the amount of
your farm Oetluc[ions by any reimbursemen6 be(ore entering the tletluQion.
13. BreedingFees ._._. _.___- 0 I7. O[herin[erest a
10. C�emicals �,606 28. Pension and pmfiFshanng plans for
15. Conserva[ion expenses 0 employees 0
16. a. Regula�Eeprecia[ion _.... 15,550 Z9, Rentoffartn, pas[ure 9,500
b. Se¢ion ll9 expense .._ __ B,600 30. Repairs, main[enance 6,201
ll. Employeebenefitprogramsother[han 31. Seeds, plantspurchase0_.__________ 18,']38
those on We 28 0 33. Srorage, warehausing __________ p
33. Supplies purchased 3'14
18. FeeG purchased � 34. Taxes 4, 591
1A Fertilizersandlme 13, 019 35. Ublities __ 3,6"I6
70. Freight,tmcking 6,153 36. Veterinary fres, medicine _.. _....._ 0
31. Gasoline,fuel, oil .___ "1,0'/2
32. Insurance _-_ ___ 12,410 37. Other expenses(spentyJ:
23. a. laborhiretl 12,918 � a.�FFICE EXPENSE_ 144
. bDRYING EXPENSE 139
e. �obs�reme o - -- ----
<.
e Balance(subtac[Line 23b from ;), toWl othe�expenses _.___ 283
Line 23a) ___ - --
20. �antl tlearing _..... -__. 0 38' [hmugh 37)��ptltl Lines 13 126, 344
._____ .... _
35. Machine hire 9,655 ;g, Reduce expenses by the rotal business
36. Mortgage interest paia ro fnancial creGits daimeG(kr example,
ins[itu[ions Employmen[Incentive Payments
-- 0 CreEit)on your PA 40 0
40. TotaltleEUQiare.SubtraR�ine39fromLine38 ______ __-� 4�� 126, 344
41. NM farm p R or bss Subhac[Line 40 rom Gne 12 If a ne!loss is shown, i I in[ e ovaL ��:
Enter the result on your PA tax re[um O 41� 29,981
�sss r+evivivurrw SIDE 1
L iiimiiiiiiiiiii�iG��9�����iiiiiiiiimimi 1403310020 J
Attachment To Schedule 1
The first sheet lists all the bills of Mary Brenneman that were paid by Brenneman
Farms when she ran out of cash as described on Schedule I. I also included some
ofthecanceled checksforyourinspection.
Attachment To Schedule I Estate of Mary J. Brenneman
Date Ch# Name Purpose Amt. Paid Paid Back Balance
1/23/2073 OL HSBC/CVS Pharmacy Personal Hygene/Depends $ 14 49 $ 14.49
4/26/2013 OL HSBC/CVS Pharmacy Hearing Aid 8atteries $ 17.98 $ 32.47
6/19/2013 Mary Brenneman Repay Double B-day Amt. $ (200.00) $ (16Z53)
6127/2013 OL HSBC/Boscovs-Amazon MJ8 Clothes/Home Sup. $ N5.15 $ (52.38)
7125/2013 OL Capital OnelAmazon Refund MJB Clothesl Home Sup. $ (15.48) $ (6Z86)
9/24/2013 OL Capital One/Amazon Refund MJB Cbthes/Home Sup. $ 23.15 $ (4471)
9/20/2013 OL Alert Pharmacy Home-Phartnacy $ 5.02 $ (39.69)
9/26/2013 1484 The Bndges At Bent Creek Retirement Home Rent $ 5,490-17 $ 5,450.48
$ 5,450.48
8/25I2013 Mary Brenneman Borrow Money $ 6,000.00 $ 11,450.48
10/17/2013 OL Alert Pharmacy Home-Phartnacy $ 5.02 $ 11,455.50
10/29/2013 0L MTMA House/Water Sewer $ 78J5 $ 11,53425
11I5/2013 7495 The Bridges At Bent Creek Retirement Home Rent $ 5,48870 $ 17,022.95
11/7/2013 1496 Joyce B. /Kohls-Boswvs MJB Clothes- Batteries $ 295.97 $ 17,318.92
11/25/2013 1505 Alert Pharmacy Home-Pharmacy $ 5.02 $ 17,323.94
11/25I2013 1506 The Bridges At Bent Creek Retirement Home Rent $ 5,519.67 $ 22,843.61
11/26/2013 1508 Silver Spring Ambulance Ambulance Membership $ 85.00 $ 22,928.61
12I5/2013 OL PPL Hause Electric $ 56.01 $ 22,984.62
12/19/2013 OL Alert Phartnacy HomrPharmacy $ 5.02 $ 22,989.64
12I20/2013 OL Capital One/ Boscovs Retund MJB Clothes Refund $ (21.00) $ 22,966.64
12/31/2013 1515 The 8ridges At Bent Creek Retirement Home Rent $ 5,506.55 $ 28,475.19
$ 28475.19
1/7/2014 OL PPL House Electric $ 39.44 $ 28,514.63
1l9/2014 OL Alert Pharmacy Home-Pharmacy $ 8.52 $ 28,523.15
2/4/2014 OL PPL House Electric $ 55 27 $ 28,578A2
2/1/2014 1517 The Bridges A[Bent Creek Retirement Home Rent $ 5,448.69 $ 34,027.11
2/19/2014 0L MTMA House/Water Sewer $ 86.63 $ 34,11374
2/192014 OL Alert Pharmacy Home-Pharmacy $ 25.61 $ 34,139.35
2/25/2014 1522 The Bridges At Bent Creek Retirement Home Rent $ 5,542.13 $ 39,681.48
2/25/2014 $ 23,000.00 $ 16,681.48
3/5/2014 OL PPL House Electric $ 72.1fi $ 16,753.64
3/14/2014 1541 Mutual Beneft House Insu2nce $ 603.00 $ 17,356.64
3/18/2014 OL Capital One/Walmart MJB Personal Supplies $ 31.83 $ 17,388.47
3I27I2014 1545 The Bndges At Bent Creek Retirement Home Rent $ 5,661.95 $ 23,O50A2
3/27/2014 1546 Republic Services House Gar�age Charge $ 76.68 $ 23,127.10
3/31/20140L PPL HouseElectric $ 38.02 $ 23,165.72
4/17/2014 OL MTMA House/Water Sewer $ 78.75 $ 23,243.87
4/17/2014 OL Alert Pharmacy Home-Pharmacy $ 8.10 $ 23,251.97
4/26/2014 1550 The Bridges At Bent Creek Retirement Home Rent $ 5,63Z56 $ 28,889.53
5/9/2014 OL Alert Pharmacy Home-Pharmacy $ 5.81 $ 28,895.34
517/2074 OL PPL House Electric $ 27.55 $ 28,922.89
5/21/2074 1553 Advanced Disposal House Garbage Charge $ 70.20 $ 28,993.09
4/29/2014 Close 5511 Acct. Bank Acct Closed $ (44526) $ 2$547.83
6/11I2014 OL Alert Pharmacy Home-Pharmacy $ 29.41 $ 28,57724
6/9/2014 OL PPL House Electric $ 26.00 $ 28,603.24
9/5I2014 Repay Brenneman Farms Loan Repaid $ 28,60324 $ -
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24]t]65a92 pID] �1/14/14 E3]39 24]iJ65092 #1521 0221/10 $22,900.00
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24)i]6509] M1511 a121/14 S14]000 24)1]65092 N995396 02/]0/14 886.63
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24]t]65092 »151) 02/12/14 85,448.69 24]D65092 p99539] 0120/14 525.61
page 5 of S 7aI1765a91
Attachments to Schedule G—Items 1 and 3 thru 6
Attachment To Schedufe G, Item # 1 )�, � � Estate Of Mary J. Brenneman
Expenses Of The House At 5 Evergreen Lane, Carllisle, PA Prior To Sale
Date Ch# Name Purpose Amt Paid Balance
7/8/2014 OL PPL House Electric $ 3132 $ 31.32
7/152014 OL MTMA House/Water Sewer $ 78.75 $ 170.07
BI27l2014 OL PPL House Electnc $ 56.43 $ 166.50
8/272014 7136 F2nk Roberto, Tax Coll. House Tazes $ 1,89026 $ 2,056.76
1 V52014 OL PPL House Electric $ 50.41 $ 2,107.77
11/7/2014 OL MTMA House/Water Sewer $ 7875 $ 2.785.92
12/82014 OL PPL House Electnc $ 24.81 $ 2,21073
72/31/2014 OL PPL House Electric $ 31.63 $ 2,242.36
2/2I20151141 MTMA House/WaterSewer $ 86.63 $ 2,328.99
2/3/2015 OL PPL House EleCtnc $ 57.55 $ 2,386.54
i��'.��=�.c )� �+e.� -l- �� .S< h�a�U �2 �:� � T-Eem� � ;�9 �
- C�;,„«;o,� Net Proceeds to Seller for Mary Brenneman Estate
The following tleta is for Infortnatlon purposes onry and accuracy M ihe flgures hereinafter set forth is not guareMeed.
The aduel msts with respect to each trasaction will vary depending upon the dtcumstances.
Sale Pnce $195,000.00
EsUme[ed Glosing Costs
Present Mortgage Balance-Loan 1 $���
Present Mortgage Balance-Loan 2 $0.00
Broker Fee 811.995.00
Seller Discount Points $0.00
Tax Service Fee $0.00
Notary Fee $20.00
Document&Deed Prepe2tion $250.00
State Trensfer Tax $1,950.00
EsGmated Repairs 81,600.00
Home Warrarrty $715.00
Hyd2ulic Load Tes[ $0.00
Lowte antl Pump Septic $0.00
Povata Wa[erTestirg $0.00
Resale Certificetlon Fee $0.00
Ovemight Fee $0.00
Ciry Feas $0.00
Buyer Closing Cosis Paitl by Sellar $5,000.00
TofalFxpenses $27.530.00
Net Proeeetls to Seller $773,470.00
THE ABOVE PROCEEDS AT SETTLEMENT DO NOT INCLUDE PR0.RATION OF REAL
PROPERTY TAXES AND RENTS, MORTGAGE LIENS, MUNICIPAL ASSESSMENTS,
CONDOMINIUM CHARGES OR APPLICABLE CERTIFICATION ANDlOR INSPECTION FEES.
THE AMOUNTS ABOVE ARE ESTIMATES. ACTUAL COSTS WILL VARY WITH EACH
PROPERTY.
I/We hereby acknowledge receipt of a wpy of this Statement of Estimated Seller's Casts, and
understand and agree to the charges indirated herein.
yy��: Seller
Seller
Selier
PrepreCby:CPML on JanuaryTe,20t5
f}t--� u� ti,� �,,� � S� J,z�.I��It� C—� r-(� n, .3
� � DATE �. :ACCOUM N0. � ��� � � � bESCRIPTION . � � AMOUNT
06/27/2074 40157 32W28 PRINCIPAL �� 708,920.67
06/27/2014 40152 3260281NTEREST -86,778.57
O6/27/2014 20719 326028 FEDEflAL TAX 45,47L06
O6/27/2014 20071 326028 STATE TAX 3,438.01
06/27/2014 40752 326028 DEATH BENEFIT INTEREST 18.45
/
� �� 4� l.-� L , � 7
�� , 77.�. s 7
l 95, 1-� . �y
Athene Annuit�and L'rfe Company
noo Mais cNm am�ay
West De5 Main¢s, IA 502663862 g3�g�q '$V6,808.62
800-266-8489
, ,.,�e,w-eoP� �- 9� �o /y
� »
�-��.xhn,�»-} 7'0 �chz�.��,� � � 7'Ee ,
ProbcUve Life Nsurance Company �/�}AI��e�/�
401 Nort�RanLall Road Sulle NO � �v��y
Li(e Insu�ance Company
EIgIn,IL 6012J-8408
Victor & Mary Brenneman Rev Liv Trust
Lynn Brenneman, Successoi Trustee
180 Texaco Rd
Mechanicsburg� PA 17050
^:ary Hrenneman, Deceased July 30, 2015
Contract No. FK0736913
Claim No. CL 07234°
�ear Mr. Sucessor Trustee:
It Ras beee our privilege to serve you by handli�g the claim for the contract
listed above. We have completed our processing and a check has been sent
under separate cover. This check is made payable to: Victor 6 Mary
Brenneman Rev Liv TrusC. After careful review, we have determinetl the mtal
value of the claim as £ollows:
Trust's Share of the Death Benefit . + $ 32,059J5 jZi°.5`t��5
less Federal Taxes Withheld . - 5 9, 378.01 _ 23;j ."( �.l
less Sta[e Taxes Withheld . - 5 972.89 �jU
�I,I1:�.5 �
Total Check Amouni . = 5 26,706.85
The total amount to be shown as taxable is 529,322.26. We will crea[e ine
relevant tax foim at the e�d of the calendac year. The bene£it inclvdes
interest at a rate o£ 3.58 from 5/12/2�19 to 7/30/2019 .
If you have any questions, please feel free to contact [he Claims Department
at 1-888-39"1-8985. We wi.1]. be alatl to assi.st you in any way oossible.
Sincerely,
�� �� ��
^/i�
�� P
Linda Sugg
Claim Examiner
I Note:9201007370
A"- I J { I�:C�ll�le�� i �p SC �lt' IV�� � Fo�theperiod: 05/Ol/14 - U5/31/14
y � EMANO NOTES � Page 1 of 1
�,e�„
iBWNCKKV Untler 515,000 to Over
i4880430033567382i 6eginning 315,Oao 550,000 f50,000
MDG20050W6056 1 AB 0406092375 Montlay Ra1e Rale Rate
THE VICTOP C 8 MARV J BRENNEMAN R W/28/14 134 134 1.34
+ 03R3/1999 oLo5/14 .95 1.10 1.25
LVNN K.BRENNEMAN TTEE OS/12/14 .95 1.10 1.25
180 TEXACO RO o5/19/14 .95 1.10 1.25
MECHANICSBUFG PA i]050
05/26/14 .95 1.10 3.25
VOUR DEMAND NOTES STNTEMENTS ARE AVAILNBLE ONLINE!
LOGIN TO YOUR NOTE NND CLICK THE'E-STATEMENTS'TAB TO CHOOSE THIS OPTION.
Y011 WILL RECEIVE AN EMAIL WHEN YOUR E-STATEMENT IS READV FOR VIEWING.
18 MONTHS OF HISTORY IS AVAILABLE ONLINE, 24 HOURS/7DAY5 A WEEK
SAVE PAPER! STOP CLUiTER! REGISTER FOR E-STATEMENTS AT DEMANDNOTES.COM
Opening Balance Investments Interest Redemptions Other Charges Closing Balance �
526�]20.23 5.00 525.15 5.00 5.00 526,]45.38 �
Date Type oi AMivity Amoun[ / Balance Intormation =
05/31/14 INTEREST 25.15✓ 26�]45.38 Cumnl Rates and Invesiment
Information are avallaUle �
24�ours a tlay at
www.aemanano�es com
SeMceAgents —
/ I1 n vailablefmm �
�kJ ��—I�� . J %S B�M nEaY�nEayESi =
�,��' +� i.eoo sea-eeza =
o� —
�l�r�.� i:l ,��'�= .� � , � 5� . I i i-s�z-ssr-sase _
For �
ACH and Wire Transfers =
use �
Northern Truat Ca. =
ABA#071000152
Vear Intereslfhis Ve�iotl Totallnleres�Vear-Io�Da[e Taz WithhelU
Summary of
In�eresllnveslea 2014 525. 15 5142.61 5 .00
Delac�Here
Additional Invesimenf Porm Ally Demand Notes
eneck(s) Enclosed
Make checks paya0le lo: S
lJly DlmiM NOIes
Inves[menis must be mawn in
Note:9201007370 u.s. Dollars on a U.S. Bank.
Investmenis matle�y check
cannot be reoeemetl ror M1ve Tot21
business days atter[�e c�xk
is tirst cretlited to[he note. Invesimenl musl total at leasl S 50.00
�w . Maiicneck(s)anatmsrormro: THE VICTOR C & MARY J BRENNEM
03/03/1999
Ally Demand Notes
The Northern Trust Company
PO BOX 75987
Chicagq IL 60675-5987
II 9201007370
ALLV ]]9f) P NNN
� .
2 / ��0.Li �l ��lE�l � ��J S(���V ��- ly- �Lvn �j
FORINOUIRIESCALL (800�TL0.2000 � � � �� ACCOUNfTYPE �
M8T CLNSSIC CHEGIUNO WIINTEPEST I
00 004342MNM �17 ��UMNUMBER SfATEYENfPER10D
P gggy3pg5p9 MAY.09JUN.0/,2014 I
000003923 FID5154iG]0108061406 01 000000 BE6INNING BAUINCE 57,09502
VICTOR 8 MARY BRENNEMAN REV LIV TRUST DEPOSff58 CREDffS �•�
� TUADTD3/3/1999 �Egg�{5���pEeRS . gy�.yy
LYNN K BRENNEMAN,TRUSTEE , Y.+. Q�
180 TEXACO RD p,ap
MECHANIGSBURG PA 17050 �pyg,gp
INTEPEST EAPNED FOR STATEMENT PEflIOD $0.06 CARLISLE PIKE
INTEREST PAIO VEAR TO DATE 5��44
ACCOUNTSUMMARV
BEGiNNING DEPOSITS&OTXER CHECKSPAID OTiEHDE&TS(-) CUNNENf ENDINO
E IM PO BA E
NO. AMO M NO. M N . I1MOU
$1.096.02 0 $0.00 4 $85]29 0 $U.00 $0.0] $6.238.80
ACCOUNT ACTIVITY
8 �T��' THANSNGTIONUESCRIPfION DEPOSRS&OTHER WffHURAWALS& DAILY
� TE CREORS a O - � BA N E� �
� OSN32019 BEGINNIN68ALANCE J71�,, � •�p)Lt 5�.096.02
� 05222074 CHECKNUMBER 1733 � $150.00 s,946.02
x OSY28I2014 CHECKNUMBER1134 1p9.00 6,838.02
� 06/02/2014 CHECKNUMBER1131 3�'�
O6M?Y201d CHECKNUMBER1132 299.?9 6,238.]3
0 06/04/2014 INTERESTPAYMENT $0.0] 6,238.80
g ENDINGBALANCE z�'�
8 CHECKS PAID SUMMARY
§ CHELKNO. OATE AMOUNT CHECKNO. DATE AMOUNf CHECKNO. DATE AMOUM
1131 W/02/19 300.00 1132 Ofi/02I14 29929 1133 OS/22/14 150.00
1134 W28/14 108.00
ANNUAL PERCENTA6E VIELD EARNED=0.00%
PAGE 1 OF 2
11t5M�IG'li
These are copies of the deeds of the property listed on Schedule G—Items 1 and 2
� �
�v ;:C'-'' V I j
� � QUIT CLAIM DEED
i:.;;;:1
' Dated this , 3�day of �9RG/t- , 1999.
II The Grantoi(s): Victor C. Brenneman and Mary J. Brenneman
; whose address is 5 Everg�een Lane, Caclisle, Cumberland County, Pennsylvania 17013
quit-claim(s) to THE VICTOR C. BRENNF.MAN AND MARY J. BRENNEMAN
REVOCABLE LIVING TRUST
whose address is 5 Evergreen Lane, Carlisle, Cumbedand County,Pennsylvania 17013
Consideration: TEN DOLL�I RS($10.00J and other good and va[uable consideration in
handpaid.
Property (including any improvemen[s): �
ALL THOSE CERTAIN two tracts of farm land, with the improvements thereon erected,
situate in the Township of Silver Spdng, County of Cumberland and State of Pennsylvania,
bounded and described as follows, to wit:
� 38— � s3'—�Sh9 —� 13
Tract No. l: BEGINNING at a stone in a public road, north 38 degrees wes[, one hundred ninety
six and seven tenths perches to a stone; the�ce by lands of Longsdorf Cemetery Association,north
67 degrees eas[,twenty six and five tenths perches to a point; thence by same, north 23 degrccs
west, nine[een and nine tenths perches to a point on line of lands now or formedy of Lena Han;
thence by lands of said Lena Hart, north 6G-1/2 degrees east, fifty three and four[enths perches to
a stone; thencc by lands formcrly of James Martin and Iohn Loudon's heirs, now of Mrs. J.
Minnich heirs and Clyde L. Shaull (formerty of Miles Brougher), south 23 degrees east, one
hundred twenty eight and five tenths perches to a stone; thence by lands formerly of Miles
, Brougher, now Clyde L. Shauli Estate, south 37-1/2 degcees east, sixty four and nine tenths
� perches [o a stone; thence by same,north 63 degrees eas[, seven and eight tenths perches; thence
by the same, south twenty five degrees east, forty two and three tenths perches to a stone; thence
by lands fonnerly of Jesse Bucher,now of Frances E. Ritter, south 89-1/2 degrees west, fifty eight
and seven tenths perches to a stone in the public road, the place of beginning. Contaimng 80 acres ��,
BRET"t'B. WEINSTEIN and 150 perches,more or less.
ATf00.NET AT UW
rov�=oEn..�,r��s��rez EXCEPTING the following described tract of land,having an area of one acre and seventy
GUCafPauss�n.PA19dC6 I
«m 33ra�33 two and one half perches,more or less, adjoining o[her lands of the Longsdor emetery I
�000xw�oa�E.s��.Ezool Association, to wit: BEGINNING at a point in said public road at line of other land of the I
Mowwnui[.Pn I5146
�az�asa�nni �II Page l of 3 .. , . / ..
4' r;,�.:C i.iJ�
b�Uf 1 'D
��' STATE OF PENNSYLVAMA} �
� COUNTY OFCUMBERLAND} ss.
li��' On this, the � day of /%��C!? , in the yeaz �9y1� , '..
i beFore me, �E � E , a Notary Public in and for satd state, ��,
Ipersonally appeazed ictor C.Brenneman an Mary I. Brenneman,lmown to me to be[he persons I
I who executed the within quitclaim deed and acknowledged to me that they executed the same for I
��� the puiposes therein statcd. i
_� � �
i Notary Public, �/CES�Ei2 County,Pe�nsylvania
G �
�I My commission expires: Ri� a �D
NOTAflIP.L SEAL
$7EPNEN A.STAOPE.No�eey FUW�c
SchuyIMll4wp.,Chestar Ce�nry
IM Comm�ssionExplresApnl7-.2Ci2
I hereby certify the address of the within gantees is 5 Evergreen Lane, Cazlisle, County of
Cumberland, State of Pennsylvania 17013.
Attested to y: � .
� -_-'c�`�� �
cSfE,��r nJ � S�R�.D6 _
Attest (pleaseprint) �_�
I -_ _
'—' . _ I�
� II c.� —
i �BRETT B. WEINSTEIN
nrmw+er n*uw I
10)Win DeKnu Flu.suii�.2 I
%Mco�Pnus9n.PA19d06 b�
(610133)-3)33 „'.�"Ui. .�r���..✓ ��1..'.: �;FV4e
300 Oxww Dwvc Smrz 200
MONwEvit�t..PA15146 �
cn�2�asa-an� Page 3 of 3 ,
�I� I
1 � '��„� ��- QUIT CLAIM DEED
C��'r
���II�I Dated this ' 3�day of /�ff'reGG� , 1999. ��,
�I� The Grantor(s): Victor C. Brenneman and Mary J. Brenneman ��I
whose address is 5 Evergreen Lane, Carlisle, Cumbedand County,Pennsylvania 17013
I quit-claim(s) to THE VICTOR C. BRENNEMAN AND MARY J. BRENNEMAN
iREVOCABLE LIVING TRUST
whose address is 5 Evergreen Lane, Cazlisle, Cumberland Counry,Pecutsylvania 17013
IConside�arion: TENDOLLARS(,610.00) aad othergood mad valuable consaderation i�v
�� hand paid.
i
�, Property (including any improvements):
i
ALL THAT CERTAIN tract of land situa[e in the Township of Silver Spring, Cou�ty of I
'; Cumberla�d and State of Pe�nsylvania,bounded and described as follows, to wit
�y 3g �s3 -� sC-�� o I�t
BEGINDTING at a point in the center line of a public road known as Texaco Road, at
II� corner of land now or formerly of Mrs. Rudy;thence along the center line of said Teacaco Road,
�� south 89 degees 19 minutes west, eleven hundred eighty five and eighry seven hundredths feet to
II a point; thence along land now or fomierly of Joel Senseman Heirs,the following courses and
distances: north 25 degrees 29 minutes 30 seconds west,nmety mne and eighteen hundredths feet;
Inorth 38 degrees 03 minutes 30 seconds west, sixteen hundred eighry three and thirty nvo
hundredths feet; and north 23 degrees 09 minutes west, eight hundred eighry three and seventy
five hundredths feet to a point thence along land now or late of Victor E. Brenneman and Mary J.
�� Brermeman,his wife,the following courses and dis[ances: north 72 degees 55 minutes easi, six
Ihundred forty nine and five tenths feet; south 24 degrees east,two hundred seventy two Ceet; and
north 74 degrces 15 minutes eut, seven hundred eighty nine feet to a point thence along land
.� now or tonnerly of Mrs. Rudy, the foilowin�cowscs and distances: south 25 degrees 34 minutes
east, sixteen hundred ninety one and three hundredths feet and south 24 degees 57 minutes east,
nine hundred thirty one and twenty seven hundred[hs feet to a point in the center line of Texaco
BRETT B. WEMSTEIN Road,the p(ace of beginning.
ATTORNETATUY/
ro�Wss.oE�un�.s��,�z CONTAINTNG seventy seven and five hundredths acres of]and.
pec a Paussin.M 19d06
(610)339-3TJ3
aoo o.�o�oa�s��zoo For chain of title see Deed recorded in the aforesaid County in Deed Book V30 Page 360.
Moxwenur..w.i51a6 .
wiz�ase-m» Page 1 of 2 �'�.
i8�!ud 1'C�:J '�..�- �=CY� �I
DEED Dated:
VICTOR C. BRENNEMAN and
MARY 7. BRENNEMAN,his wife
Record &Retum to:
Grantors,
BRETT B. V✓EINSTEIN
Attomey at Law
TO 707 West DeKalb Pike
Suite 2
King of Pmssia,PA. 19406
THE VICTOR C. BRENNEMAN AND
MARYJ. BRENNEMANREVOCABLE
LNING TRUST
Grantees.
" ' � �s.ltziial}
h u'3 �D
'�' " cc for t„e recording of Deads
�' � .�
c-�L[�_� �,��r-�.._'!�;�CevnY, P
� wl" p�9e 'aL-�..
anda J�(
�' r � ;�•s,tM��°` `ficeof
'�/ `' � � ,�
day _. J<h�/, %
Recorde�,=j=`
�,c�"_' ( 6 �� � III�IINNIII�IIIIIIIII
� 0023R0
Tax Parcel #
38 - �5- a��;i- v-�i
��� �� �'v
MADE this � ��- day of January 2011.
BETWEEN Brian T. Brenneman and Heather Y. Brenneman, husband and wife, of
Mechanicsburg, Cumberland County, Pennsylvania,
"GRANTORS",
AND The Victor C. Brenneman and Mary J. Brenneman Revocable Living
Trust, of Mechanicsburg, Cumberland County, Pennsylvania,
"GRANTEE",
W�TNESSETH, that in consideration of the sum of ONE and 00/100 ($1.00) DOLLAR, i�
hand paid, the receipt whereof is hereby acknowledged, the said Grantors do hereby
grant and convey in fee simple to said Grantee, its successors and assigns,
ALL THAT CERTAIN tract of land, situated, lying, and being in the Township of Silver
Spring in the Counry of Cumberland and Commonwealth of Pennsylvania, being Lot 3A
as described in the Final Subdivision Plan for Brian T. 8 Heather Y. Brenneman,
recorded on November 17, 2010 in Instrument Number 201033521, more particularly
described as follows:
BEGINN�NG at a point at lands now or formerly of Longsdorf Cemetery Association and
Brian T. 8 Heather Y. Brenneman, said point being NoRh 64 degrees 09 minutes 40
seconds East a distance of 413.24 feet from a point along the northern right-of-way of
N. Locust Point Road (S.R. 1007) and at lands now or formerly of Longsdort Cemetery
Association and Brian T. 8 Heather Y. Brenneman; thence through lands now or
formerly of 8rian T. & Heather Y. Brenneman, North 64 degrees 09 minutes 40 seconds
East a distance of 881.11 feet to a point at lands now or formerly of Matilda A. Minnich;
thence along lands now or formerfy of Matilda A. Minnich, South 25 degrees 17 minutes
55 seconds East a distance of 146.03 feet to a point at lands now or formerly of The
Victor C. & Mary J. Brenneman Revocable Living Trust; thence along lands now or
formerly of The Victor C. & Mary J. Brenneman Revocable Living Trust, South 63
degrees 53 minutes 54 seconds West a distance of 881.15 feet to a point at lands now
or forrnerly of Longsdorf Cemetery Association; thence along lands now or formerly of
Longsdorf Cemetery Association, North 25 degrees 17 minutes 55 seconds West a
distance of 150.07 feet to a point, being the place of BEGINNING.
CONTAINING: 130,442 Square Feet (2.99 Acres)
ROBERT P. ZIEGLER
RECORDER OF DEEDS ,
CiJMBERLAND COUNTY `
1 COURTHOUSE SQUARE = � - _a>
. � .
CARLISLE, PA 17013 =
717-240-6370 � = a ; ' -
; a ,
Inshument Number-201101695
Recorded On 1/12/2011 At 2:32:10 PM *Total Pages-4
•Instrumeot Type-DEED
[nvoiceNumber-80347 UserID-ES
*Greotor-BRENNEMAN,VICTOR C
*Grantee-BRENNEMAN,VICTOR C
"Customer-D[JNCAN
`FEES
STATE TWaPISFER TAR $300.00 COrfITICBYIOO PHgO
STATE WRIT TAX $0.50
STATE JCS/ACCESS TO $23.50 DO NOT DETACH
NSTICE
RECORDING FEES - $12.50
RECORDER OF DEEDS This page is now part
PARCEL CERTIFICATION $10.00 of this legal document.
FEES
AFEORDABLE HOUSING $11.50
COUNTY ARCAIVES FEE $2.00
ROD ARCAIVES FEE $3.00
CtiMBERLAND VALLEY $150.00
SCROOL DISTRICT
SILVER SPRING TOANSHIP $150.00
TOTAL PAID $663.00
I Certify this to be recorded
in Cumberland County PA
O � N
4 �� �
J
° � RECORDERO D EDS
+reo
"-Information denotrd by an aehrisk may chenge duriog
the verificatlon process and may mt be re0ected on tbis page.
00n23Rp0 qu'
IIIIIIII�IIIIIII�III111
�g�,Y �
(�.�d' QUIT CLAIM DE6D
/
Da�edlM1is�tlny0f /'//1iCC.Q . 1999.
TheGmnloKsp. Muyl9reevenuo
whasu eJdrtss is 5 2vagrca We,Grlielq Ctunbc�leud Caun�Y.Pmnryivania 1]013
qui�-cldm(i)IOTFlE VICTOR C.BIiENMEMAN AND MARV J.BRENNBMAN
REVOCABLC I.IVINC TRUST
whme addnss is S Ewgran WS Cetlisl4 Cumbaland Coun�y,Pu�nrylv�ni� �)013
CmuiJamion: TENOOLURS(510.00JariddAngowlandveluab(rromidnaiiw�in
lranA paul.
Proprty(i�luJing uny impmwnew):
A�L THAT CERTAM�nc�ofluM si�w�e in�M1e Towmliiy af MiJElasz,Cmmy of
Cumberland 0M$ILLe OfPCnmyiv�oi4���8 Lal No.3 on Ne Plen O(Evwgem Ewmc
Sm�ion"A".wbicM1 Plm iv moNed in Mc Cumbclud Coun�Y RecoNda ORa in Phn Baok 8.
pege 2l,beingmme pmiculWy bawdW aM dwbW as kllow�,m wit:
HEGIIVNI�G u a poim an Ne naM dde ofEveegrcm Wrt m Wo tlividing line of Lo�s
Naz.2 end J o(aeid Plen,whirA�line u ako Ne mlvn udcofpmpulynow o�fotmcly of
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Attachment to the Appraisal Report for the house at 5 Evergreen Lane, Carlisle, PA
This is a list of explanations for the low appraisal that was professionally completed.
#1 This house has been uninhabited since October 20011eaving manythings needed to be updated and
repaired.
it2 The brick chimney needs major repairs because the face of many of the brick are breaking off.
H3 The driveway is badly deteriorated and needs resurfaced.
tt4 The aluminum siding is badly faded and should 6e replaced
tt5 There is no central air and the wall mount unit does not work.
The plan is to sell this house when spring gets here which should resolve any valuation issues.
The sheet showing estimated selling expenses was done by a licensed Real Estate Agent.
SUMMARY APPRAISAL REPORT
� 5 EVERGREEN LANE .
CARLISLE, PENNSYLVANIA
PREPARED FOR
THE ESTATE OF MARY J. BRENNEMAN
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST' HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA .
17013-3052
(717) 249-2758 �
� -r�",� �°�°
SUMMARY OF [MPORTANT FACTS AND CONCLUSIONS
LOCATION: 5 Evergrcen Lane, Cazlisle, Pennsylvania
TAX PARCEL NUMBER: 21-17-2692-030
[MPROVEMENTS: Two-s[ory detached single-family dwelling.
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is deeded to The Victor C.
Brenneman and Mary J. Brenneman Revocable Living
Tmst. The property last transferred on March 3, 1999 for
a reported considera[ion of $10.00 and ownership
conveyed on Deed Book 105, Page 387.
� SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the
subjecYs azea, an inspection of the subject proper[y, an
es[imation of the property's highest and best use,
consideiation of all t}uee approaches to value, and the
application of those relevant to the valuation of [he
subject.
CLIENT: The estate of Mary J. Brenneman.
INTENDED USER: The estate of Mary J. Brenneman and others.
OB7ECTNE: To estimate the market value of the subject property as
unencumbered.
USE OF THE APPRAISAL: Use by the client in an estate settleme�t.
EFFECTIVE DATE: May 12, 2014.
INSPECTION DATE: June 23, 2014. �
HIGHEST AND BEST USE: Condnued use u a single-family residence.
COST APPROACH: N.A.
SALES APPROACH: $195,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION: $195,000
3
procedures, rather, it involves the exercise ofjudgment, and the value wnclusion reached must
be consistent with market thinki�g.
�
INTENDED USE OF THE APPRAISAL
The intended use of this appraisal is to estimale the Mazke[ Value of the subject
proper[y as of May 12,2014 for use in an estate settlement. �
Mazket Value is defined as the most probable price wlrich a property should bring in a
competi[ive and open mazke[ undec all conditions requisite to a fair sale, the buyer and seller,
each ac[ing prudently, knowledgeably and assuming the price is not affected by undue
stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the
passing of atle&om seller to buyer mder conditions whereby:
a. Buyer and seller are Typically motivated.
b. Both par[ies are well informed or well advised, and each acting in what �
he cousiders his own best interest.
c. A reasonable tune is allowed for exposure in the open market.
d. Payment is made in terms of cash in U.S. dollars or in terms of financial
aaengements comparable thereto.
e. The price represents the normal consideration for the property sold
unaffected by special or creative financing or sales concessions granted
by anyone associated with[he sale.
Source: Office of the ComptroLler of Ihe Curtency, 12 CFI §34.42(�.
HIGHEST AND BEST USE
Highest and Best Use is defined by the Appraisal Terminology and Handbook,
published by the Appraisal Institute, as "the most profitable likely use to which a proper[y can
be put". The opi�ion of such use may be based on the highest and most profitable continuous
use to which the property is adapted and needed, or likely [o be in demand, in the reasonable
neaz future.
However, elements affecting value that depend upon events or a combination of _ -
occurtences whicky while within the realm of possibility, are not fairly shown to be reasonably
probable, should be excluded from consideration. Also, if the in[ended use is dependent on an
uncertain act of another persoq ffie intention cannoi be co�sidered.
Based on the above definition and after seeing the site, neighborhood, a�d azea, it is my �
opinion thet the present use of the subject is its Highest and Best Use.
7
SITE DATA
ADDRESS: 5 Evergreen Lane
MUNICIPALITY: Middlesex
COl1NTY: Cumberland
STATE: Pennsylvania
LOT SIZE: .67 acre.
SEWERS: Publicutility.
WATER: Public utiliTy.
ELECTRICITY: PP&L
LANDSCAPING: Typical for the azea, with a sodded lawn,trees and shrubs.
DETR[MENTAL INFLUENCES
None. Pride of ownership is evident tluoughout the neighborhood.
DESCRIPTION OF 1MPROVEMENTS
GENERAL DESCRIPTION: Two-story detached single-family dwelling containing approxi-
mately 1,384 square feet of gross living azea above grade, with an attached two-caz garage.
CONDITION: Exterior: Average
Intenor: Average
ROOMS: First Floor. Living room, den, office, kitchen and a full bathroom.
Second Floor: Eat-in kitchen,tluee bedrooms and a half batluoom.
Basement: Concre[e slab.
EXTERIOR: Foundation: Concrete block.
Walls: Brick and alurtunum siding.
Sash: Wood-framed, single-glazed.
Gutters: Aluminum, pain[ed. .
Roof: Gable, with shingles.
Storm units: Combination storm and screen units.
9
THE APPRAISAL PROCESS
Three approaches to value are generally included in an appraisal report. These
rechniques include the cost approach, sales comparison approach, and income approach to
value.
The cost approach to value is bued on the asswnption that the reproduction cost of a
building plus land value, tends to set the upper limit to value. A key assumption is that a newly
constructed building would have advantages over the existing building, therefore an evaluation
focuses upon disadvan[ages or deficiencies (depreciation) of the existing building compazed to �
a new facility. Due to the age of the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
report.
The sales comparison approach to value assumes that under normal conditions, a given
❑umber of parties acting intelligently and voluntarily, tend to set a pattem from which value
can be estimated. Application of this approach relies on a comparison of the subject with a
sufficient number of recent transactions of compara6le properties in the mazket, based on a
common unit, s�ch as price per squaze foo[of building area.
The income approach concems iuelf with present worth of the future potentia] benefits
of a property. The initial es[imate involves the net income, which a fully infoaned person is
jusdfied in assuming [he property will produce during its remaining useful ]ife. Tlvs estimated
ne[ income is ttten capitalized into a value estimate, based upon the level of risk as compared
with that of a similaz type and class. Since homes similaz to the subject are not typically
utilized as income-producing iuvestment properties,the income approach to value is considered
to be inappropriate and has, therefore, not been included in the development of tltis appraisal
report.
]1
SALES COMPARISON ANALYSIS
ITEM SUBJECT COMPARABLE #1 COMPARABLE #2 COMPA[tABLE #3
5 Evergreen Isnc I I I Fieldstone Onve 14 SAova Drive 1IS Skyline View
Addrtss CWiile Carlisle Carlisic Carlislc
Proximity m Subject 2.9 milcs 2.86 mila 52 miles
SalcPria NA 5215,000 5213,900 T205,00p
Itice/Sq.Fl.GLA N.A. SIO].93 5105.4] I98.65
Ue�v Source Inspa[ion Counhouu&exlenre insp. CouMouu,MIS&exmeior irep. CaunAouee,MLS&oRaior insp.
ADIUSTMENTS DESCRIP110N DESCRIPTION E AOjusL DESCRIPI'ION $Adjurt. DESCRIPTION SAdjust.
Sales or Financing
Concessions Naw Nonc Nonc
DateofSale/Time Asof5-12-14 Sd0-13 8-0-12 5-I-14
Locetiun Aveeage Similar Similar Similar
Si¢I Vicw b1 eca 34 ecre t2,0011 L00 ac¢ -2,000 l0 acre +}„ppp
IJesign enJ Appeal Two�s�py MachW Two-story dcfnched Two-story detached Two-rtory detac�W
ConsWction Britk&alumsi0ing Vinylsi�ing +1,000 Brick&alum.siding Vinylsiding
Agc 39yws 2lyeers -10,600 95Y�% Ieyca�s -10,300
Condition Avenge Superior -10,800 Supenor -10)00 Suprnor -10}00
46uvc Gredc To[ Bed. Ba1h Tot Bcd. Be�h Ta. �ed. Bath Tot Red. Bath
Raom Comt
8 3 2'h ] J 2h +2.000 8 4 IPoII +1.000 ] 3 3Y, +2.000
2'h s
Gross Livin6�� ��squerc fxt 1.992 squere fcn +8.300 2.028 squarc fce[ +].200 2.0]8 yuart fat +5,)00
BnsementffiFinishM
RoomsBClowGrWe Cowm[eslab Fullbasemcm -10,000 Pertialbasemem -5,000 Fullbaumcnt -]0,000
Func[ionel Unii Av e Similar Similar � Similar
Hwlin /Goolin BSbd.Gcc./Wa11AC GasM1oleir/Ccn.air 3,000 Oilhawu./Cm.ur d,000 Hwt um d,000
Cv e/C n Two-cv Twu.er Two-car Two-car
Parcnes,Pe�ios HptcE mcf.porch, Porch,waod deck, 2 poroAa,[rnced
Pools,ctc. belwn ;smr.bld . Port�,encl. ¢h +I,SW score e buiiain +J,000 ara �o :m�.em +I,OOp
Spccial Energy Typiml for ihe
BRcirnt Itcros re ion. Similar Similar Similar
Fire lece s) Fi lace Firc laa Fire lace No�< +1,000
O�her(e.g.ki[chen
I equip.,remotleling) Buill-ins. Similar Similar Similet
NmAd'. roW -19X00 -9,500 -20900
Iodicatc9 Velue
o[Sub'wt 195,200 , 204,400 184,100
FINAL INDICATED VALUE OF SUBJECT PROPERTY: $195,000
13
UNDERLYING ASSUMPTIONS AND LIMITING
CONDITIONS SUBJECT TO THIS APPRAISAL
1. I assume no responsibiliry for matters legal in nature, nor do I render any opinion as to
the title,which is assumed ro be marketable. The property is appraised as though under
responsible ownership.
2. The legal description used herein is correct.
3. I have made no survey of the propeRy, and the boundaries aze taken from records
believed to be reliable. ,
4. I assume that there aze no hidden or unappazent conditions of the property, subsoil or
s[ructures which would re�der i[ more or less valuable. I assume no respoasibili[y for
such conditions or for engineering which might be required to discover such factors.
5. The infoimation, estimates, and opiuions fiunished to me and contained in this report
were obtained from sources considered reliable and believed to be true and correct.
However, �o responsibiliry for accuracy can be assutned by me.
6. This report is to be used in its entirety and only for the purpose for which i[ was
rende�ed.
7. Neither all nor any part of the contents of this report (especially any conclusio[is as to
value, the identiry of the appraiser or the firm with which he is connected) shall be
reproduced, published, or disseminated to the public through advertising media, public
relations media, news media, sales media, or any other public means of communication,
without the prior written consent acid approval of the appraiser.
8. This appraisal was prepared under the extraordinary assumption that any easements or
rights of way of record have no adverse impact upon the highest a¢d best use or value
herein reported. A title search was no[ requested nor included in the scope of work for
this assignment.
9. This appraisal was prepared for Ihe exclusive use offfie clien[identified in Utis appraisal
report. The information and opinions contained in this appraisal set forth the
appraiser's best judgment in ligh[ of the information available at the time of Ihe
prepazation of this report. Any use of this appraisal by any other person or entity, or
any reliance or decisions based ou this appraisal are [he sole responsibility and at ffie
sole risk of the third party. The appraiser accepts no responsibiliTy for damages
suffered by any third par[y u a result of reliance on or decisions made or actioas taken
based on this report.
15
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Billey Act of 1999,effective July 1, 2001,appraisers,
along with a11 providers of personal fmancial services are now required by federal law to
inform their clients of the policies of the fivn with regazd to the privacy of client nonpublic
personal information. As professionals, we understand that your privacy is very important to
you and aze pleased to provide you with this information.
In the course of performing appraisals,we may collect what is known as"nonpublic
personal information"about yoa T7us information is used to facilitate the services that we
provide to you and may include the infortnadon provided to us by you directly or received by
us from others with your authorizaaon.
We do not disclose any nonpublic personal infortnation obtained in the course of our
engagement with ow clients to nonaffiliated third parties,except as necessary or as requved by
law. By way of example,a necessary disclosure would be to our independent contractors,atid
in certain situations,to unrelated third party consultanu who ueed to know that information to
assist us in providing appraisal services to you. All of our independent contractors and any
third party consultants we engage are infom�ed that any information they see as part of an '
appraisal assignment is to be maintained in skict confidence within the firm. A disclosure
required by law would be a disclosure by us that is ordered by a couR of competentjurisdic[ion
with regard to a legal actiou to which you are a party.
We will retain records rela[ing to professional services that we have provided to you For
a reasonable time so that we aze better able to assist you with your needs. In order to protect
your nonpublic personal infomiation from unauthorized access by third parties, we maintain
physical,electronic and procedural safeguazds that comply with our professional standards to
insure the security and integrity of your informa[ion.
17
PAST CLIENTS:
Borougt�of Carlisle American Home Bank
Keystone Financial Mortgage Trans Union
Comerstone Federal Credi[Union M&T Mortgage Corporecion .
Pennsylvania S[a[e Bank Cody Financial Mortgage Services
Commeme Bank Waypoint Bank
Cumberland-Perry Associa[ion for Retarded Citizens Northwest Sevings Bank
Cazlisle Subwban Au[hority Blue Ball National Bank
Members 1°Federnl Credit Union Adams CounTy National Bank
Pennsylvania National Bank Countrywide Home Loans
Evans Financial Corporntion Aarrow MoRgage
Greenawalt&Company,CPA Various law firms and individuals
Smith's Transfer Cotpora[ion
Carlisie Department of Parks and Recreation
Executive Relcea[ion Services
Carlisle Area School District
Messiah Homes,]ncorporated
ERA Eastem Regional Services
Pennsylvania Tumpike Commission
Chase Home Mortgage Corpora[ion
Defense Activi[ies Fedeml Credit Union
Pennsylvania State Employees Credit Union
PNC Mottgage Corporation
F&M Trust Company
National City Mortgage Corpomtion -
Washington Mutual Home LoanS,InC.
Prudential Relocation Services
Lender's Choice
Market Intelligence,Incolporated _
United Telephone Employees Federal Credit Union
Cumberland Counry Commissioners
Allstate Enterprises Mortgage Corporation
Dickinson College
PPG Indushies,lnw'porated
Gettysburg College
Redevelopment Au[horiry of Cumberland Counry
Record Data Apptaisal Serviccs,Incorporated
First United Federal Savings Association
Fulton Bank
United Sta[es Marshall Service
GMAC Mortgage Corporation
Orts[own Bank
Letterkenny Federal Credit 13nion
BancPlus Mortgage Corporation
Coldwell Banker Relocation Services,fncorporated
Centml Pennsylvania Savings Bank .
Mellon Dank
Pmvident Home Mortgage Corpola[ion
Drovers Bank
l9
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22
SUMMARY APPRAISAL REPORT .
180 N. LOCUST POINT ROAD
MECHANICSBURG, PENN5YLVANIA
PREPARED FOR
THE ESTATE OF MARY J. BRENNEMAN
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, YENNSYLVANIA
17013-3052
, (717)249-2758
CO �Y
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 180 N. Locust Point Road
Mechanicsburg,Pennsylvania
TAX PARCEL NUMBER: 38-08-0569-013, 38-08-0569-014, 38-OS-0569-015 and
38-08-0569-042.
ZONING: Agriculture District.
IMPROVEMENTS: Two-story detached single-family dwelling,bam and
other farm buildings..
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject properiy is deeded to The Victor C.
Brenneman and Mary J. Brenneman Revocable Living
Trust No Vansfers of the subject property have taken
place during the past[hree yeazs.
SCOPE OF THE ASSIGNMENT: The scope of the assig�ment included an analysis of the
subject's azea, an inspection of the subject property, an �
esUmaUon of the property's highest and best use,
considera[ion oF all tivee approaches to value, and the
application of those relevant to the valuation of the
subject.
CLIENT: The estate of Mary J. Brenneman.
INTENDED USER: The estate of Mary J. Brenneman and others.
OBJECTNE: To estimate the market value of the subjec[property as
� unencumbered.
USE OF THE APPRAISAL: Use by the client in an estate settlement.
EFFECTNE DATE: � May 12, 2014.
INSPECTION DA1'E: June 23, 2014.
HIGHEST AND BEST USE: Conlinued use as a farm.
COST APPROACH: N.A.
3
THE VALUATION PROCESS .
The valuation process is defined in The Appraisal of Real Estate as published by the
Appraisal InsU[ute,as"a systematic sct of procedures an appraiser follows to provide answers
to a clienPs questions about real property value."
It consists of a series of steps that are appropriate ro a specific and particular appraisal
assignment that begins with a clien[engaging a real estate appraiser to develop an opinion of
value for a specific property as of a given effective date and ends when the appraiser
communicates and reports the final conclusions and opinions to the client.
Definition of the Appraisal Problem:
The first step in Ihe appraisal process includes the presentaUon of the following:
I. Identifica[ion of the client,the intended use, and the intended users of the appraisal
re�rt.
2. The purpose of the apprnisal, iucluding a definition of the value being reported.
3. Determination of the effecfive date of the appraisal report.
4. Extmordinary assumptions tt�at aze applicable to the appraisal assignment.
5. Hypothetical condiUons that are applicable to the appraisal assignme�t.
Scope of Work: .
Scope of work is defined in the Uniform Standards of Pmfessional Practice as being
"the type and extent of research and analyses in an assignment" This includes the degree and
extent of reseazch and the data that is deemed as necessary to develop a credible opinion of
value for the property being appraised.
Data Collection and Anatysis:
'I'he appraiser must gather and analyze market azea data,subject property data, and
comparable property data that is reladve and relevant to the appraisal assignment.
Development and Application of Traditional Approaches to Value:
The appraiser must consider which of the three traditional approaches to value are
applicable,relevant,and necessary for developing a credible opinion of value for[he subject
pioper[y. Thcse three traditional approaches to value include the Cost Approach, Sales
Comparison Approach, and Income Capitaliza[ion Approach. When two or more of these
approaches m value aze developed,the appraiser mus[determine the amount of emphasis and
consideration to be given to each of those approaches to value, since one or more may have
greater si�ificance in the appraisal of a specific property.
Reconciliation of Value[ndications and Final Opinion of Value: '
The final step in the valuation process is the reconciliation of the value indications
developed by the appraiser. Reconciliation is the analysis of al[emative conclusions to amve at
a final value estimate. Reconciliation is required because different value indications result
from the use of multiple approaches to value and wit}tin the application of a single approach.
The fmal value estimate is not derived simply by applying technical and quantitative
5
APPRAISAL CERTIFICATION
I hereby certify that upon applicalion for valuation by:
THE ESTATE OF MARY J. BRENNEMAN
the undersigned personally inspected the following described property:
All those certain pieces or pazcels of land, with the improvements thereon erec[ed,
situate in Silver Spring Township, Cumberland Counry, Pennsylvania, bounded and described
as follows:
TRACT NO. 1: Beginning at a stone in a public road, nor[h 38 degrees west, 196J
perches to a srone;thence by lands of Longsdorf Cemetery Association,north 67 degrees east,
26.5 perches to a point;thence by same,north 23 degrees west, 19.9 perches to a point on line
of lands now or fortnerly of Lena Hart;thence by lands of said Lena Hart, north 66.5 degrees
east, 53.4 perches to a s[one;thence by lands now or formerly of Mrs. J. Minnich heirs and .
Clyde L. Shaull, south 23 degrees east, 128.5 perches to a stone;thence by lands now or
formerly of Clyde L. Shaull Esta[e, south 37.5 degrees east, 54.9 perches to a stone;thence by
same, north 63 degrees east, 7.8 perches;the�ce by the same, south 25 degrees east,423
perches to a srone;thence by lands now or fortnerly of Frances E.Ritter,south 89.5 degrees
west, 58J perches ro a stone in the public road,the place of beginning. Containing 80 acres
and I50 perches,more or less.
TRACT NO. 2: Beginning at a post on the Ilne of land of Mary C. Shaull at the comer
of land now or formerly of Luke Minnich; thence along said land now or formerly of Luke
Minnich, uor[h 63 degrees 45 minutes east, 65835 feet[o a stone; [hence along land of same,
north 24 degrees west,28215 feet to a stone;thence along lands of same, north 69 degees
east, 744.15 feet to a rock;thence along land now or formerly of Mxs. Rudy, souffi 26 degrees
15 mirmtes east 8442 feet ro a post;thence along line of la�ds of the Clyde L. Shaull Estate,
sou[h 74 degrees l5 minutes wes[, 789 feet to a point; thence along lands of same,north 24
degcees wes[, 272 feet to a poinT,the¢ce along tands of same, south 72 degrees 50 minutes
west, 660 feet to a post on the line of lands now or formedy of Mary C. Shaull;thence along
the line of snid Tract No. 1 above,north 24 degrees west, 11�S feet to a post,We place of
beginning. Containing 15.8 acres,neat measure.
TRACT NO. 3: Beginning at a point ia the center line of a public road known as �
Texaco Road, at comer of land now or formerly of Mrs. Rudy; thence along the center line of
said Texaco Road, south 89 degrees 19 minutes west, 1,185.87 fee[to a poiM; thence along
land now or formerly of Joel Senseman Heirs,the following courses and distances: north 25
degrees 29 minutes 30 seconds west,9918 feet;norfh 38 degrees 03 minutes 30 seconds west,
1,68332 feet;and north 23 degrees 09 minutes west, 883.75 feet to a point;thence along land
now or late of V ictor B. Brenneman and Mary 7. Brenneman,the following courses and
7
INTENDED USE OF THE APPRAISAL
The intended use of tlus appraisal is to estimate the Market Value of the subjut -
property as of May 12,2014 for use in an estate settlement.
Mazket Value is defined as the most probable price which a property should bring in a
competitive and open mazket under all conditions requisite to a fair sale, the buyer and seller,
each acting prudendy, knowleAgeably and assuming the price is not affected by undue
stimulus. Implicit in Uils definition is the consummation of a sale as of a specified date and[he
passing of title from seller to buyer under conditions whereby:
a. Buyer and seller are[ypically motivated. �
b. Both parties aze well infocmed or well advised, and each acting in what
he co�siders his own best interest.
c. A reasonable time is allowed for exposure in the open market.
d. Payment is made in terms of cash in U.S. dollars or in tetms of financial
anangemen[s comparable therero.
e. The price represents the normal considera[ion for the property sold '
unaffected by special or creative financing or sales concessions granted
by anyone associated with the sale.
.. Source: Office of[he Comptroller of the Currency, 12 CFI §34.42(�.
HIGHEST AND BEST USE
Highest and Best Use is deFmed by the Apptaisal Terrninology and Handbook,
published by the Appraisal Insti[ute, as "Ihe most profitable likely use to which a property can
be puY'. The opinion of such use may be based on [he highest and most profitable continuous
use to which the property is adap[ed and needed, or likety to be in demand, in [he reasonable
neaz future.
However, elements affecting value that depend upon evenu or a combination of
occursences which, while within the realm of possibiliry, aze not fairly shown to be reasonably
probable, should be excluded from consideration. Also, if the intended use is dependent on an
uncertain act of ano[her person,the intention cawot bc considered.
Based on the above definition and aRer seei¢g the site, neighborhood, and azea, it is my
opinion that the present use of the subject is its Highes[and Best Use.
9
SITE DATA
ADDRESS: 180 North Locust Point Road
MIJNICIPALITY: Silver Spring Township
COiJNTY: Cumbedand
STATE: Pennsylvania
LOT SIZE: 17533 acres, according to Cumberland Counry Assessment records.
SEWERS: On-site septic system.
WATER: On-site welL ,
ELECTRICITY: PP&L
LANDSCAPING: Typical for the area, with a sodded lawn,hees and shrubs.
DETRIMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OFIMPROVEMENTS
GENERAI. DESCRIPTiON: Two-story detached single-family dwelling containing approxi-
ma[ely 2,169 square feet of gross living azea above grade.
CONDITION: Exterior. Average
Interior: Average
ROOMS: Fvs[Floor. Living room, office, kitchen,dining room,bativoom and
' laundry room.
Second Floor: Four bedrooms and a bathroom.
Basemen[: Full,with a concrete floor.
EXTER[OR: Foundation: Stone
Walls: Brickveneer.
Sash: Wood-framed, single-glazed.
Gutters: Aluminum, painted.
Roof. Gable, with shingles.
il
TIiE APPRAISAL PROCESS
Three approaches to value aze generally included in an appraisal report. These
techniques include the cost approach, sales comparison approach, and income approach to
value.
The cost approach to value is based on the assumption that the reproducrion cost of a
building plus land value,tends to set the upper limit[o value. A key assump[ion is that a newly
construc[ed bwlding would have advantages over the existing building, therefore an evaluation
focuses upon disadvantages or deficiencies (depreciation) of the existing building compazed to
a new facility. Due to the age of the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
report.
The sales comparison approach to value assumes that under normal condi[ions, a given
number of parties acting intelligendy and voluntarily, tend [o set a pattem from which value
can be estimated. Application of t6is approach relies on a comparison of the subject with a
sufficient number of recent transactions of comparable properties in the mazke[, based on a
common unit, such as price per squaze foot of building azea.
� The income approach concems itself with present worth of the future poten[ial benefiu
of a property. The initial estimate involves [he net income, which a fully informed person is
justi6ed in assuming the propeRy will produce during its remaining useful life. This estimated
net income is then capitalized into a value estimate, based upon the level of risk as compared �
with that of a similaz rype and class. Since homes similaz to the subject aze not typically
u[ilized as income-producing investment properties,the income approach to value is considered
to be inappropria[e and has, therefore, not been included in the developmenl of this appraisal
report.
l3
inferior to, or less favorable than, the subject proper[y, a plus (+) adjustment is made, thus
increasing the indicated value of the subject.
After making all of the necessary adjustments, it is the appraiser's considered opuuon
that the indicated value of the subject property by the Sales Compazison Approach is
$1,697,000.
IS
CORRELATION
Conelation may be defined as "Ihe bringing together of parts in a pmper relationship."
The paRs of Uils appraisal report are[he following approaches to value your appraiser used:
Value Indicated by Cost Approach N.A.
Value Indicated by Sales Comparison Approach $1,697,000
Value Indicated by Income Approach N.A.
These approaches are representative of the mazket value of the subject property. I have
cazefully reexamined each step in each method, and I believe the conclusions accurately reflect
the attitude of typical purchasers of this type property in this neighborhood. It is my belief that
tlils reexazvination has confinned the original conclusions.
The Cost Approach will result in an excellent estimate if all elements are figured
accurately, because no prudent person will pay more for a property than the cost to produce a
subsGtute property with equal des'vability and utility. Purchasers of the type of dwelling
typical of the subject property are more concemed with amenities than wi[h hypothetical
replacement of the property. Due to the age of the subject improvements,the Cost Approach is
considered to be inappropriate and has no[been included in this appraisal report.
The Sales Comparison Approach was based on several recen[ sales of properties similaz
to that of ihe subject, all of which aze located in the same general azea. The adjusted sales
prices aze most consisten[ under comparison. This approach is the most reliable because it
reflects the reactions of typical buyers and sellers in the market.
The Income Approach is most applicable to income producing properties or properties
tttat aze pdmarily utilized for income producing purposes. Purck�asen of income producing
properties aze willing [o pay no more for a pariicular property than the net operating iucome
will support. Since the majority of properties similaz w the subject are not utilized for income
producing pucposes, this approach to value has not been included in this appraisal report.
Therefore, as a resul[ of this appraisal and analysis, it is this appraiser's considered
judgment and opinion that[he Mazket V a(ue of the subject property, as of May 12, 2014, is:
ONE MILLION SIX HUNDRED NMtTY-SEVEN THOUSAND DOLLARS
$1,697,000
17
CERTIFICATE OF APPRAISAL
I certify that,to the bes[of my knowledge and belief:
1. The statements of fact wntained in this report aze true and correct.
2. The reported analysis, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions and are my personal, unpartial, and unbiased
professionel analyses,opinions, and conclusions.
3. I t�ave no presen[ or prospective interest in the property that is the subject of tivs report
and no personal interest with respect to the parties involved.
4. 1 have �o bias with respect m the property that is the subject of this report or to the
parties involved wiffi this assignment.
5. My engagemen[ in tlils assignment was not contingent upon developing or reporting
predetermined results.
6. My compensation for compleriag Utis assignment is not contingent upon the
development or reporting of a predetermined value or direction in value [ha[ favors the
cause of the client,the amount of ihe value opution,the attainment of a stipulated result,
or the occunence of a subsequent event directly related to the intended use of this
appraisal.
7. My az�alyses, oputions, and conclusions were developed, and this report has been
prepazed,in confomvty with the Uniform Standards of professional Appraisal Practice.
8. I have made a personal inspection of the property that is the subject of this report.
9. No one provided sig�ificant real property appraisal assistance to the person sign-
ing this ceRification.
10. I have performed no services,as an appraiser or in any other capacity,regazdiug
the proper[y that is the subjec[ of tivs report within the three-yeaz period immediately
preceding acceptance of this assignment.
��
Larzy E. Foote
Pa. Certified Generat Appreiser
GA-000014-L
19
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCE:
1979-Present Chief Appraiser,Diversified Appraisal Services,Carlisle,Pa.
Principal Broker,LaRue Development Company,Carlisle,Pa.
1976-1979: Associate Broker,Colonial Realry,Carlisle,Pa.
1972-1976: Realror Associate,Jack Gaughen Realtor,Carlisle,Pa.
Appraisal experience included undeveloped land,farms,building lou,single-family dwellings, mobile
home parks,medical centers, nursing homes,mo[els,aparhnent buildings and complexes,office
buildings,service stations,ve[erinary clinics,rehabilitation centers,re[ail buildings,daycare centers,
warehouses,and manufacNring facilities.
EDUCATION:
Bachelor of Business Adminisvation,Pennsylvania State Universiry, 1976.
AssoCia[e Bachelor of Busine,ss Administra[ion,Harrisburg Area CommuniTy
College, 1974.
Diploma,Carlisle Senior HigA $chool, 1965.
Certificare,Pennsylvania Realtors InstiNre,GRI I,GRI II,GRI III. .
Certificaze,Realtors National Marketing Instimte,CI ]Ol,CI 102,CI 103,CI 104,
CI 105.
Standards of Professional Practice,American InstiNte of Real Estate App'aisers. .
Real Estste Appraisal Principles,American Institute of Real Estate Appraisers.
Residential Valuadon,American Instimte of Real Estate Appraisers.
Appraisel Procedures,Appmisal InstiNie.
Principles of Income Property Appraising,Appraisal Ins[imte.
Case Studies in Real Estate Valuatioq Appreisal Instituce.
Report Writing and Valua[ion Analysis,Appraisal Ins[itute.
PROFESSIONAL LICENSES:
General Appraiser#GA-000014-L,Commonwealth of Pennsylvania.
Real Es[ate Broker#RB-029729-A,Commonweaith ofPennsylvania.
PROFESSIONAL DESIGNATIOTIS EARNED:
GRI: Graduare of Ihe Pennsylvania Realtors Institute,awarded by the Pennsyl-
vania Association of Realrors.
CRS: Certified Residential Specialist,awartled by the Realtors National Market-
ing InstiNte of the Na[ional Association of Realrors.
CCIM: Certified Commercial Investrnent Member, ewerded by the Realtors
National Marke[ing Institute of the National Assceiation of Realtors.
PROFESSIONAL ORGANI7.ATION AFFII.IATIONS:
National Association of Realtors Appraisal Section.
Greater Hazrisburg Association of Realtors. �
Pennsylvania Association of Realtors.
National Associazion of Realtors.
Real[ors National Marketing Ins[iNte.
21
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SUBJECT PROPERTY LOCATION MAP
31
THE VICTOR C. BRENNEMAN AND MARY J. BRENNEMAN
REVOCABLE LIVING TRUST AGREEMENT
DATED: MRRI'�fL ,3 � 19�Q
BETWEEN: VICTOR C.BRENNEMAN AND MARY J. BRENNEMAN,
ASSETTLORS
AND: VICTOR C. BRENNEMAN AND MARY J.BRENNEMAN,
ASTRUSTEES
VECTOR C. BRENNEMAN AND MARY 1. BRENNEMAN, residents of the Commonwealth of
Pennrytvania,County of Cumbedand,do hereby establish a Tmst npon the conditions and for the purposes
hereafter se[forth.
ARTICLE ONE
Sectioo 1.01 Trust Estate Defined
This Revocable Tros[ is formed to hold title[o real and personal proper[y for[he benefit of Ihe Settlors o!
this Trus[and[o provide for the orderly use and[ransfer of these assets upon the death of the Settlors. The
"Trust Estate"is defined as ail property trensferred or conveyed to and mceivcd by the Trustee held pursuant
�� to the terms of this instrument The Trus[ee is rcquired ro hold, adminisrer, and distribute this proper[y as
provided in this Trust Agreement.
Section 1.02 Definitions
As used in this Tmst Agreement:
I. The term"Husband"shall mean VICTOR C. BRENNEMAN.
2. "Che term"Wife"shall mean MARY 7. BRENNEMAN.
3. The term"Settlor"shall refer individually and collectively to Husband and Wife.
4. The [erm "DescendanY' shall mean [he lawful issue of a deceased parent in the line of
descent, but does not include the issue of any parent who is a descendan[of the deceased
person in question and who is livmg at the time in question.
5. The[erms "Child" and "Descendant" include any issue bom [o decedent, a child legally
adopted by the decedent, and a pos[humous child of a decedent. A pos[humous child is[o
be considered as living at[he[ime of his or her parenPs dea[h.
6. The term `5urvives"or"Surviving", unless otherwise indicated hereiq shall be constmed
to mean surviving the decedent for at least sixty (60) days. If[he person referted to dies
within sixty (60) days of the death of tlie decedent, the reference to him or her will bc
REVOCABLE LIVING TROST AGREEMENT
Page I
constmed as if he or she had failed to survived the decedent; provided, howeveq that any
.. such person will have,during such period,the right to the use and enjoymen[as a lifc tenant
of all property in which his or her inrerest will fail by reason of death during such period.
7. The [ertn "lasue' will include all na[ural and adopted childreq if applicable, and
descendants and those legally adopced into[he line of descent.
8. The term "Per Stirpes" means strict per stirpes and does not mean per capita with
represen[ation. Reneficiaries entitled m take under a"per stirpes"clause will include both
namral and adop[ed children and[heir descendants.
9. Theterms"TmstAssets"and"TrustEstate"includeallassetsofanytrustcreatedhereunder
and income derived from such assets and all proceeds of any description derived from the
sale,exchange, or other disposition of such asse[s.
10. When required to give reasonable effect to the con[ext in which used, pronouns in the
masculine, feminine, or neuter gender indude each o[her, and nouns and pronouns in the
plural or singular number include each o[her.
Section 1.03 Tmstec Desiena[ion
Husband and wife are hereby designa[ed as Co-Tmstees. The Co-Trustees shall servejointly and severally
and eiffier shall have full au[horiTyto act for[hc Tms[independently. Should either husband orwife become
unable because of dea[h, incapacity,or other cause ro serve as a Co-Trustee,or should either resign as Co-
Trustee before Ihe natural termination of this 'I}ust, the remaining Co-Tmstee, husband or wife, shall
—� thereafter serve as sole Trustee. The term"Trustee"as used in this Tmst Agreement shall reFer collectively
to husband and wife so long as they serve as Co-Trustees, to the spouse who serves as the sole Trustee,
and/or[u any Successor Tmstee who assumes the mle of Trustee. These Trustees shall serve in[he order
as provided in Section 9.01 of Ihis Trust Agreement.
Sec[ion 1.04 Additions to Tmst Pmperties
1. The Tmstee, at any [ime during[he con[inuance of this Trust in his or her sole discretion
after consideration of the possible tax consequenws to all concemed, is authorized to
receive into[he Trust addi[ions of cash and other properties from any source whatsoever,
whether by gifr,will,or otherwise. However,the Tmsree shall accep[all assets which any
person or persons may give,devise,or beyuea[h by Last Will and Tes[amen[[o this Tms[,
and shall accept all asse[s transferted to this Tmst pursuant to[he provisions of any other
Tmst document or documents.
2. In addition,any person or persons may designate this Tmst as[he Benefciary,Primary or
Contingent,of any death benefits to include insurance benefi[s,pension benefits, or o[her
benefits. Until such benefits mature,the Trustee shall have no responsibility with respect
to those benefits.
Section 1.05.A000intmen[.
The Trustee of the Tmst is directed to apportion receipts and expenditures of the rypes described below
between principal and income as follows:
REVOCABLE LIVING TRIIST AGREEMENT
Page 2
1. Whenever the principal, or any pxrt thereof,oFthe Trust proper[y is imested in securities
. purchased a[a premium or at a discoun[,any premium wiil be charged against principal and
any discount will be credi[ed to principal;
2. Anystockdividendsandrights[opumhaseadditionalstockfssuedonsewritiesheldintrust
will be treated as principal. All o[her dividends, except liquidating distributions, will be
trcatcd as income; and
3. "I�he amount of a�y applicable depletio�allowance for fcderal income tax purposes will be
trealed as income.
Section 1.06 Administration of Tmst Durine Our Lifetime
During our lifetime,[hc tmst shall be held and administcred as follows:
t. All property and olher asse[s [ransfcrred to this trust shall be allocated to and held in
separate shares,the first such share being designated the"V ictor C.Qrcnneman Trust Share"
and the second share being designated the"Mary 1. Brenneman Tmst Share".
2. Each Granior's separa[e Trust Shaze shall be composed of[he assets as foliows:
a. TheGran[or'sone-halfinterestinjointlyheldpropertytransfertedtotheTrust;and
b. "I'he Grantor's individually owned property which is transferred to the Trust.
— While each share shall be held and administered separate from the other, for tae and accounting
purposes,the Trustee is authorized[o hold or invest the separate shares in common investments and
co-ownership of asse[s.
3. The"fmstee shall pay to or apply for the benefit of VICTOR C. BRENNEMAN all of the
net income of the VICTOR C. BRENNEMAN Trust Share,in comenient ins[allmen[s,not
less often than quartervannually, and in addition thereto, shall pay so much of the income
and principal of such Tmst Share to or for the benefit of VICTOR C.BRENNEMAN as he
may direc[from time[o time,or in[he absence of a directioq as the Tmstee may detertnine
to be advisable for his medical care, support, maintenance, and general welfare.
4. The Trustee shall pay to or apply for the benefit of MARY 1. BREMJEMAN all of the net
income of the MARY l. BRENNEMAN Tmst Share in convenien[ ins[allments, not less
often [han quarter-annually, and in addi[ion[hereto, shall pay so much of Ihe income and
principal of such Tms[Share to or for the benefit of MARY J. BRENNEMAN as she may
direct from time to time, or in the absence of a direction, as the Trus[ee may determine to
be advisable for her medical care, support,maintenance,and general welfare.
All proper[y that a Settlor Vansfers to the Tmstee pursuant to this instrument which was
communiry property, quasi-communiry proper[y, or separate property at the time of the
[mnsfer shall remain respec[ively community proper[y, quasi-communiTy property,or[he
separa[e property of the Settlor[ransferzing such proper[y to the Trust.
REVOCABLE LIVING TRUST AGREEMENT
Page 3
Community and quasi-communiTy property transfemcd m[he Trus[ec by thc Settbrs shall
be their community proper[y and[reated as such. This proper[y,as invested and reimested,
together with lhe rents, issues, and profits therefroro (hereinafter referted to as the
"Communiry Es[ate"orthe"Community Proper[y")shall retain its character as wmmuniTy
property during the joint lifetimes of[he Settlors in spite of any change in the situs of the
Trust, subject,however,to the provisions ofthis Agreement.
Section 1.07 DiscreUonarv Termination
The Trustee may[ermina[e any Trust wheq in the opinion of[he Trustee,the principal is reduced[o such
an exten[ that it is not in the best interest of the Beneficiary or Beneficiaries to continue the Tmst. The
judgment of the Trus[ee with respect to this decision [o[ermina[e will be final and not subject to judicial
review. If ffie Trustee terminates a Trus[ according[o this Sectioq [he date [he Tms[[ermina[es will be
deemed the date fixed for [ermination of the Trus[, and the Trustee will distribute the assets of the
terminating Trust to the Beneficiary or Beneficiaries pursuant to this Agreement.
Section L08 Amendment and Revoca[ion
We here6y retain thc following powers, exercisable at any time during our lifetimes:
I. Towithdrawanyof[hepropertyincludedinourseparateshareoftheTrustEs[a[ebygiving
the Trustee written notice specifying the property so withdrawn,in which even[,the Tmstee
shall promptly trnnsfer and deliver wch property to us or our designee.
2. To ameud the provisions of this Trus[declaration in any respect without the neeessiry of
�— securing [he consent of [he Trus[ee to such changes, in which event, a copy of the
amendment shall be promptly furnished m the Tmstee; provided, howeveq[ha[following
the death of one of us, the survivor shall have no power[o amend [he terms of the Tmst
declara[ion with respect to lhe Trust Share of the £rs[of us to die.
3. Torevoke[hisTrustbygiving[heTrusteewrittennoticeofsuchrevoca[ion,inwhichevent,
the Trustee shall promptly transfer and deliver Ihe property constim[ing the Trust Esta[e[o
us or our designee together with an accounting therefore;provided,however,[hat following
the death of one of us, the survivor shall have no powcr to rcvuke the terms o([he Trust
declaration wi[h respect[o the Trust Share of[he fvst of us to die.
Section 1.09 Revoca[ion or Altera[ion bv Settlor Alone
The rights of revocation, wi[hdrawal, altera[ion, and amendment reserved in this Article may only be
exercised by the Settlor and may not be exercised by any other person, including an agent,a guardian,or a
conservator.
Section I.IOlrrevocabiliN
Except as otherwise provided,on the death of either Settbr,[he designation of Beneficiaries of specific gifts
in [his Tmst shall become irtevocable and not subject to amendment or modification.
REVOCABLE LIVAJG TRUST AGREEMENT
Pagc 4
Sution 1.1 I Settlor Powers
The surviving Setllor shall be Ihe Trus[ee unless and until he or she resigns in writing or is determined
incompetent under the [erms provided hereia The surviving Settlor shall retain all absolute righ[s [o
discharge or replace any Successor Tms[ee of any portion or share of the Tmsi which is revocable by the
surviving Settlor so long as the Settlor is compe[en[.
AATICLE TWO
Section 2.01 Trust Income
During the joint lives of the Settlors,the Trustee shall at least annually, unless otherwise directed by both
Settlors in writing pay to or apply for[he benefi[of husband and wife,all of the ne[ income from the Trus[
Es[ate in Ihe same proportions as each of the spouse's respective interests in the Trust Estate.
Section 2.02 Protection of Settlor in Event of Incaoaciri
During thejoint lives of[he Settlors, should either Settlor become incapacitated as defined in Section 2.03
below,[he Trustee may, in the Tmscee's absolute disaetioq pay income and principal for[he benefit ofthe
incapacitated Settlor. In addition,the Trustee,in his or her absolute discre[ion,may pay to or apply,for the
benefit of that Settbr,such sums from[he net income and from the principal of the Settbr's separate Estare
as the Tmstee believes is necessary oradvisable forthe medical care,comfortable maintenance,and welfare
of the Settlor.
— Section 2.03 Inca aci
1. A person is detertniced to be incapacitated iF any Trustee or Beneficiary hereunder comes in[o
possession of any of the following:
a. Ajurisdictionally applicable court order holding[he party to be legally incapacita[ed to ae[
on his or her behalf and appointing a guardian or conserva[or to act for him or her; or
b. Written certifica[es which are duly executed,witnessed,and acknowledged oftwo licensed
physicians, each certifying tha[the physician has examined [he person and has concluded
Hiat, by reason of accident, men[al deterioration, or o[her cause, such person has become
incapaci[a[ed and can no longer act rationalty and pruden[ly in his or her own financial bes[
interest: or
a Evidence which such Tmscee or Beneficiary deems to be credible and curten[ly applicable
that a person has disappeared, is unaccountably absent, or is being detafned under duress,
and [hat he or she is unable to effectively and prudently look afrer his or her own best
interes[s,then in that event and under[hose ciroumstances:
1) Such person is deemed [o have become incapaci[a[ed, as that term is used
in this Tmst agreement; and
2) Such incapaciry is deemed ro continue wtil such court order,certificates, and/or
circumstances are inapplicable or have been revoked.
REVOCABLE LIVING TRUST AGREEMENT
Page 5
2. A physiciads certificatc to the effcct that the person is no longer incapacitated shall revoke a
. . certifica[e declaring the person incapacitated. The certi£cate which revokes lhe earlier certificate
may be executed by either[he original certifying physician or by twu other licensed,board certified
physicians. No Tms[ee shall be under any duty to insti[u[e any inquiry in[o a persods possible
incapacity. The reasonable expense of any such inquiry shall be paid from the Trust Assets.
Section 2.04 Princioal Invasion
During the joint lives of the Settbrs,should[he net income of asse[s con[ained in this Tms[be insufficient
[o provide for[he care, maintenance, or support of[he Settlors as herein defined, the Tmstee may, in the
Trustee's sole and absolute discre[ion,pay to or apply for the benefit of the Settlors or either ofthem,or any
oftheir dependents, such amounLs from the principal ofthe Trust Estate as the Tms[ee deems necessary or
advisable for the care,maintenance, or support of the Settlors.
Section 2.05 Residence
If the Settbr's residence propeRy is a part of the Trust, the Settlors shall have possession of and full
management of the residence and shall have the right to ocwpy it Cree of rent Any expenses arising from
the maincenance of the property and from all taxes, liens,assessments, and insurance premiums, are to be
paid from the Trust to the ex[ent[hat assets are available for payment It is the in[ent of[he Settlors to retain
all homestead rights available to them under the applicable sta[e law.
ARTICLE THREE
-- Section 3.01 Provisions After"I�he Firs[Death
On the death of either Settlor leaving the other Settbr surviving him or her, the Tms[ee shall collect all
insurance proceeds payable to the Trustee by reason of such death and alI bequests and devises distribu[able
to the Tmst Estate.
Section 3.02 Control of Asse[s
The surviving spouse may, at any time by written nolice, require the Trus[ee either to make any
nonproductive property of this Trus[productive or ro comert produc[ive property to no�produc[ive property,
each wi[hin a reasonable time. The surviving spouse may Porther require[he Tms[ee to invest part or all of
Ihis share of Trust Assets for[he purpose of maximizing income rather than growth or grow[h rather[han
income.
Section 3.03 Division inro Shares
L Upon the death of either Settlor, if the deceased Settlor is survived by the other Settlor, the
deceased's indiviJual Trust Share, induding any additions made by reason of[he deceased Settlor's
death, shall be divided into two shares.
2. The Trustee, in his or her sole discretion, may defer the division or distribution oF the deceased's
individual Trust Share un[iI six mon[hs after [he deceased Trus[or's death. If[he division or
distribution of the deceased's individual Trust Share is so deferred, the deferted division or
distribution shall be made as if it had taken place ai the[ime prescribed above. In additioq all rights
REVOCABLE LIVING TRUST AGREEMENT
Page 6
given to the Beneficiaries under the prwisions of this Trust Agrecment which follow shall be
. wnsidered to have accrued and vested as of that prescribed time.
3. Upon the death oF Ihe first Settbr to die ("PredeceaseA Spouse"), the 'Cmstee shall divfde the
deceased's individual Trust Share(which shall include any property which may be added from the
Predeceased Spouse's general esta[e)as follows:
a. The Tms[ee shall divide[he balance of the deceased Trustor's individual Tmst Share in[o
[wo(2)separare shares(hereinafter desi�ated as"Share A"and"Shaze B"). Share B shall
be composed of cash, securities, and/or o[her property of[he deceaseJ's individual Trust
Share(undiminished by any estate, iuheritance,succession,death,or similar taxes)having
a value equal ro the maximum marital deduction as 6nally determined in the Predeceased
Spouse's fcdcral estate taz proceedings, less the aggregate amount of marital deductions,
if any, allowed for such es[ate tax purposes by reason of property or interest in property
passing or which have passed [o the Surviving Spouse otherwise than pursuant to the
provisions ofthis paragraph;provided,however,that the amount of Share B hereunder shall
be reJuced by [he amoun[, if any, needed to increase the Predeceased Spouse's [axable
estate (for federal estate tac purposes) to the larges[ amount that, after allowing for the
unified credit against federal estate tax and the sta[e death tac credit agains[such tax(but
only to[he exten[[hat the use of such state death tax credit does not increase[he death tax
payable[o any state),will result in the smallest(if any)federal esta[e tax being imposed on
the Predeceased Spouse's es[ate. The term "Mazimum Marital Deductiod' shall not be
constmed as a direction by[he Predeceased Spouse to exercise any election respec[ing[he
deduction of estate administra[ion expenses,the determination of the estate taY valuation
date, or any other tax elec[ion which may be available under any tax laws, only in such
- manner as will resul[in a larger allowable esta[e tau mazital deduction than if the contrary
elec[ionhadbeenmade. TheTrusteeshallhave[hesolediscretion[oselecctheasseuwhich
shall consti[ute Share B. In no event,howevey shall there be included in Share B any assets
or the proceeds of any asset which will not qualify for the federal es[ate tax mari[aI
deductioa Share B shall be reduced to the ex[ent that it cannot be created wi[h such
qualifying assets. The Trus[ee shall value any asset selected by the 7'rustee for distribution
in kind as a part of Share B at the value of such asset at the da[e of distribution of such asset.
The balance of[he deceased's individual Trust Share,aker the assets have been selected for
Share B, shall be allocated to Share A.
Share A and Share B shall be adminis[ered and dis[ribu[ed as hereinafter set forth.
Section 3.04 Credit Shel[er Tmst
If either ofthe Settbrs survives[he otheq[heTrustee shall set apart and hold as a separete trust(the"Credit
Shelter TrusP')the assets referred to as Share A in Section 3.03 above. The 1'rustee shall hold, manage,
invest,and reinvest the asse[s of this Credit Shelter Trust,shall collect the income therefrom,and shall pay
the net income ro or for the benefit of the surviving Settlor in wnvenient installments at least quaner
annualty;provided, however,tha[the surviving Grantor may elec[[o pass any portion of said income[o[he
remainder Beneficiaries of the Trust.
In additioq the Tms[ec may pay to or for the benefi[ of the surviving Settlor for the heal[h, educa[ioq
main[enance,or support of[he surviving Settlor,any part or all of the principal of this Trus[,az the Trustee
may de[ermine in its sole discretion,withou[considering o[her resources available[o Ihe surviving Settlor.
REVOCABLE LMNG TRUST AGREEMENT
Page 7
Thc surviving Senbr s6a11 have thc right to demand and receive,from the principai of this Tmst in each o£
its fiscal years,the greater of five thousand dollars($5,000.00)or five percent(5%)ofthe fair market value
of such principal determined as of the Iast day of such fiscal year. Such right shall lapse to the exten[i[is
not exercised in any year. Any commission payable wi[h respec[to principal so wilhdrawn shall be charged
against such principal.
No persoq who at any time is acting as Tnistee hereunder,shall have any power or obligation to participate
in any discretionary authoriTy which the Settlor has given to the Trustee to pay principal or income to such
person, or for his or her bcnefit or in relief of his or her legal obliga[ions; provided, however, that if an
individual Trustee has discretion ro invade principal for himself or herself and such discretionary authority
is Iimited by an asccrtainable standard,then such Trustee may invade principal(if limiced by such standard)
for himself or herself, but no[in relief of his or her legal obligations.
The plan of distribution and all tertns of[his Credi[Shel[erTrus[shall be irrevocable and unamenable at any
time afrer said Credit Shelter Tms[comes inro being.
The Credi[ Shel[er Trustee(s) shall invest Ihe assets of ffie Credit Shelter Trust to produce a reasonable
income for the benefi[of the surviving Grantor without subjecting the principal to unreasonable risk of loss.
The Credit Shelter Trustee(s) shall be au[horized and empowered to inves[,reimest, manage,transfeq and
comey any and al I property held in this Credi[Shelter Tmst,including al I powers now or hereafter conferted
upon Tmstees by applicable state law, and also [hosc powcr appropriate ro [he ordedy and effective
administration ofthe Trust.
The Credit Shel[er Tmstee(s)shall make a written accounting[o all income and remainder Beneficiaries or
to their guardians a[least annually and at the time that alI assets of this Credit Shelter Tmst are distributed.
�� Said accounting shall wnsist of a record showing assets on hand at the time of the last accounting, plus
addi[ions, minus ezpenses and distribu[ions,which shall equal current assets on hand. Thc Credit Shel[er
Tmstee(s) shall not be required to obtain authority or approval of any court in the exercise of any power
conferred upon the Tmstee(s), nor shall said Tmstee(s)be required to make accountings or reports to any
court.
Upon[he death ofthe surviving Settbr,any accrued income shall be paid to the esta[e of the surviving Settlor
and the remaining principal of this Credit Shelter Tms[ shall be held, administered, and disposed of in
accordance with Ihe dispositive provisions of[his agreement.
Section 3.05 Oualificd Tcrminable Interest Trust
Ifeitherof[he Grantors survives the other a�d there are assets allocated[o Share B described in Section 3.03
above, then the Tmstee shall set apart said asrets and hold them as a separate trust (the "Qualified
Terminable Interest Tmsf'). The Trustee shall hold,manage,imest,and reinves[the asse[s of this Qualified
Terminable lnterest Tmst, shall collect the mcome ffierefrom, and shall pay the set inwme to or for the
benefit of the surviving Grantor in comenient ins[allmen[s at least quartervannually.
Upon the surviving Grantor's death,any accrued,undistribu[ed income shall be dis[ribu[ed[o said surviving
Grantor's esta[e. The remaining principal shall be added[o and become part of the Credit Shelter Trust and
shall be held and administered and disposed of in accordance with the plan of distribWion for the Credit
Shelter Trus[as provided in Sections 3.04 and 4.03,after provision has first been made for the payment of
any estate, inheritance,transfer,succession, or other death taxes, payable by reason of the inclusion of the
value of[he Trus[property in said surviving Grnnror's estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 8
The Tmstee(s) of the Qualified Terminable Intcrest Trust are hereby authorized, in the Tmstee(s) sole
_ discretioqtodeterminewhethertoelect(under5ection2056(b)(7)ofthe]ntemalRevenueCode)toqualify
al l or a specific portion of the Qualified Terminable Interest Trust created herein for the federal estate tax
marital deduction. The Tmstee(s)of the Qualified Terminable Interest Trus[, in exercising such discre[ioq
shall attemp[[o minimize,or elimina[e if possible,[he federal estate tax payable by the esta[e of[he deceden[
spouse's est2[e.
However, ifthe Trustee(s)ofthe Qualified Terminable Interest Trust detertnine that it is in the bes[interest
of the persons who may receive any assets afrerthe deceden[spouse's death and after the surviving Granror's
death to pay some federal estate tax in the deceden[spouse's estate,taking into consideration any other tax
that is to be paid because of[he decedent spouse's death and the surviving Grantor's death,and any income
tnx IiabiliTy[ha[may be affected by the electioq the Trustee(s)of[he Qualified Tertninable In[erest Trus[
may elect to take a marital deduction that does not reduce the tax to zero if the payment of the tax will not
jeopardize the ability of[he Qualified Terminable In[erest Trust to provide the surviving spouse wi[h the
level of support and maintenance contemplated by this Declara[ion of TrusL The decision of the Qualified
Terminable Interest Trustee(s)[o make this election shall be final and binding on all persons.
The Trustee(s) of the Qualified Terminable In[erest Tms[ is (are) authorized and empowered to invest,
reinvest,transfer, and comey any and all properly held in this Qualified Tertninable In[erest Trust This
includes all power now or hereafrer conferred upon Tmstees by applicablc state law,and also those powers
appropriate to the orderly and effective administration ofthe Trust.
The Trus[ee(s)shall make a written accoun[ing[o[he surviving Grantor at leas[annually and shall make a
written accoun[ing to all remainder Beneficiaries at the time that all assets of Ihis Qaalified Terminable
Interest Tmst are distribu[ed.
Sec[ion 3.06 Power m A000int Aeents
The surviving spouse shall have[he right to retain an accountant and/or an attorney at law for professional
services on behalf of the Trust Estate or Estates herein. 'Che survivi�g spouse shall not bc responsible for
[he acts of such agen[s beyond his or her obligation to use reasonable care in[he selec[ion of such agen[s.
Section 3.07 Maximum Marital Deduction
Except as otherwise expressly stated herein,the tertn"Macimum Marital Deduction"shall not be consWed
as a direc[ion by the deceased Se[tlor [o exercise any election respec[ing [he deduction of Es[a[e
administra[ion expenses,[he de[ermination of the Estate tax valua[ion da[e,or any other tax election which
may be avnilable under any taz laws, only in such manner u will result in a larger allowable Estate tu
marital deduc[ion[han if the wntrary election had been made.
Section 3.08 Trust Income After 1 he First Death
Following the death of either Settlor and until the death of the surviving Settlor, [he Trus[ee shall,at least
annually,pey to or apply for the benefit ofthe surviving Settlor all ofthe net income from the Trust Estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 9
Section 3.09 Simultaneous Dcxth
If the Settlors should die under circumstanccs which would render it doubtful as to which Settlor died first,
it shail be conclusively presumed for the purposes of this Trust that Victor C. Brenneman died Frst If any
o[her Beneficiary and a Settlor should die under such circumstances, it shall be conclusively presumed that
Ihe Beneficiary predeceased such Settlor.
Section 3.10 Lazt Exoenses
Upon[he death of each of the Settlors,the Trustee of this Trus[may, in its discre[ion,pay any part of or all
of the funeral and burial expenses, proba[e claims, adminis[ra[ion expenses, and any esta[e, inheritance,
succession,or other death taxes,which are payable as a result of the death of each ofthe Settlors,ou[of[hac
portion of[he Trust Estate constituting the deceased Settlor's separate Trust Share. The Trus[ee may make
any such paymen[s direc[ly to the creditors or[axing authority in ques[ioq or may remi[funds m the personal
representative of the Estate of the deceased spouse for such payments.
ARTICLE FOUR
Section 4.01 Common Po[Trust
At the death of the Surviving Settlor, the Tmstee shall not create a Common Pot TrusL All of Ihe Trust
Estate that has not been distributed under prior Articles ofthe Trust Agreement shall be held,adminis[ered,
divided, and distribu[ed according ro the provisions[ha[follow.
- Sution 4.02 Second DeaCh
On the death of thc last Settlor to die(the"Surviving Settlor"),the Trus[ee shall distribute the principal of
[he Trust and any accrued or undistributed income from the principal of the Trust in such a manner and to
such persons, including the Es[ate or the Credirors, as directed in[his Trust Agreement.
Sec[ion 4.03 Payment of The Second Death Expenses
On the death of the Surviving Settbr,the Trustee shall pay from tha[portion of the Tms[Esta[e constituting
[he deceased Settlor's separa[e Trust Share[he expenses of[he surviving Settlor's last illness,funeral,burial,
and any inheritance,es[a[e,or dea[h taxes that may be due by reason of the Surviving Settlor's death,unless
[he Trustec in his or her absolute discre[ion determines[ha[other adequare provisions have been made for
the paymen[of such cxpenses and taxes.
Section 4.04 Trus[Income and Princ�oal Distribution Uoon The Death of Thc Survivine Tmstor
1. The Tmstee shall apply and distributc [he net income and principal of each of[he shares of the
resulting Tms[Estate, after giving effect to Ihe sec[ion of this Trust Agreement entitled "Special
Directives"to[he following Beneficiaries in the indicated fractional shares:
LYNIV K BRENNEMAN 1/4
DORIS B. LAW 1/4
CEiARLES V.BREIYNENUIN 1/4
RO�YALU L.BRENNEMAN 1/4
REVOCABLE LIVING TRUST AGREEMENT
Page 10
2 If any of the above Beneficiaries, or any other Beneficiary, is under the age of 25 years when the
distribution is to be made,the Trustee shall have authoriryto distribute the same,in whole or in part,
to a ws[odian for the minor appointed imder a Unifortn Gifts or Transfers to Minors Act, or[he
Tmstee may retain any such property and administer and distribute[he same for the benefit of thc
minoq paying to or for the benefit of such minor so much of the income and principal ofthe re[ained
property from[ime to time as the Tms[ee dccros advisable for the health, educa[ion, support, and
main[enance of the minor. When the person for whom [he proper[y is held attains [he age of 25
years,the proper[y shall[hereupon be dis[ributed to him or her free of trust unless otherwise s[ated
in this Ageement. If the minor should die before attaining the age of majority,the property shall
then be paid and distributed to the estate of the minor.
3. If all of the Settlor's Beneficiaries and their children should fail[o survive the final distribution of
the Tmst Estate,all of the Tmst Estate not disposed of as hereinabove provided shall be distribu[ed
as provided for in this Trust Agreemen[.
Sec[ion 4.05 Princiole of Representation
Unless indica[ed differently in this Trus[Agreement or in the"Special Directives" seetion [ha[follows, in
the even[any of the named Beneficiaries should predecease both Settlors, all of tha[persods share of the
I'mst Estate is[o be divided equalty among the deceased Beneficiary's children or issue per stirpes. In the
event[he predeceased Beneficiary leaves no surviving children or issue,then aIl ofthat persods share of the
Trust Es[a[e shall be divided equally among the remaining Beneficiaries per stirpes.
�- If a Beceficiary ofthe Settlors survives both Settlors,but should fail[o survive[o collect his or her share at
distribu[ion,tha[share shall pass to the surviving issue of that deceased Beneficiary per slirpes and with right
ofrepresentation.
ARTICLE FNE
Section S.OI Non-Income Producine Prooertv
During thejoint Iives ofthe Settlors,the Tmstee is au[horized[o re[ain in the Tms[,for so long as the Trustee
may deem advisable,any property received by the Tnistee from[he Settlors,whether or not such proper[y
is of the character pertnitted by law for the imes[men[of Trust funds.
Section 5.02 Trus[ee Powers
The Trustee shall have all puwers conferted upon a Tmstee by law for the orderty administra[ion of the Tmst
Estate. If any property is distributed outright under thc provision of this Trust Ageement to a person who
is a minoq distribution may be made under the Pennsylvania Unifortn Transferto Minors Act("PAUTMA").
The Tmstee is further au[horized to sigq deliver, and/or receive any documen[s necessary to carry ou[the
powers contained within this Section.
The Trustee of anytmst created under this Trust Agreement(including any substitu[e or successor Trustee)
will have and be subject to all oF the powers, duties, and responsibilities granted or imposed by the
REVOCABLE LNING TROST AGREEMENT
Page 1 I
Pennsylvania Consolidated Stawtes(20 Pa.GS.Section 101 e[seq.)as such Statute may provide at the time
_ of administra[ion of the Tn�st,excep[to[he extent that the same are inconsistent with the provisions ofthis
Agreement.
Section 5.03 Soecific Powers of Trustee
[n addition,[he Trustee will have the following specific powers:
I. Tmst Estate: The Truscee may leave imested any property coming into its hands hereunder in any
form of imestment even though the investment may not be of the charac[er of imestments permitted
by law to trus[ees, without liability for bss or depreciation in value. The Trustee may sell,
exchange,or otherwise dispose of and reimest proper[y which may a[ariy time be a part of the Trus[
Estate upon such[ertns and co�ditions as the Trus[ee may deem advisable. The Trustee may invest
and reinvest the Trust Asse[s from[ime ro time in any proper[y,real,personal,or mixed, induding
wi[hou[ limi[atioq securities of domestic and foreign cotporations and investme�t Gusts or
companies,bonds,dcbentures,prefelred s[ocks,common s[ocks,mortgages,mortgage participation,
and interests in common [rus[funds,all with complete discre[ion to convert realty into personalTy
or personalty in[o realty or otherwise change [he character of the Trust Estate, even though such
investmen[ (by reason of i[s charac[er, amoun[, proportion m the total Trus[Estate, or otherwise)
would not be considered appropriate for a fiduciary apart from this provision and even though such
investment caused part or all of the to[al Trust Estate[o be imested in investmen[s of one type or
of one business ar company.
2. Holding Property: The Trus[ee may hold property in the Tms[ee's name,as trustee,or in[he name
of a nomincc without disclosing the Trust.
3. ReleaseofPower. If[heTms[eedeemsi[[obein[hebestin[erestoftheTmstanditsBeneficiaries,
the Trus[ee, by written inshument signed by such Trustee, will have the power and authoriry to
release, disclaim, or restric[the scope of any power or discretion granted in this Trust Agreement
or implied by law.
4. Agents, Employees: The Tmstee may employ one or more agen[s [o perfortn any ac[ of
administration,whetheror not discre[ionary,including attorneys,auditors,investment managers,or
others, as the Tmstee shall deem neccssary or advisable. The Trus[ee may compensate agen[s and
other employees and may delega[e to[hem any and all discretions and powers.
5. Leases: The Trustee may lease any Tmst Assets generally or For oil,gas,and mineral development,
even though the lease term may extend beyond the term of the Trust of which the property is a part.
The Tms[ee may enter in[o any covenants and agreements relating to the property so leased or
conceming any improvements which may Ihen or thereafter be erecced on such proper[y.
6. Common Funds: The Trustee may hold any of the Trus[Asse[s in a common fund with property
from other trust estates and may make imestmentsjoinNy wi[h any other[rust,[he property of which
is included in[he common fund.
7. Securities: Wi[h respect [o securities held in the Tmst Estate, [he Tmstee may exercise all the
rights, powers, and privileges of an owmr, including bu[ not limited to, the power lo vote, give
proxies,and to pay assessments and o[her sums deemed by the Trustee necessary for the pro[ection
of the Trust Esffi[e. In additioq the Trustee may participate in voting tmsts, foreclosures,
REVOCABLE LMNG TRUST AGREEMENT
Page 12
reorganizations,consolidations, mergers, and liquida[ions,and in connection therewith, to dcposit
.. securitieswithandVansfertitletoanyprorec[iveorothercommitteeundersuch[ermsasthe"I�mstee
may deem advisable. [n additioq the Tmstee may exercise or sell stock subscription or conversion
rights and may accept and retain u an investment any securi[ies or other property received[hrough
the exercise of any of [he foregoing powers, regardless of any limitations elsewhere in this
ins[rument relative to investments by the Trustee.
8. Purchases from Esta[e: The Trustee may purchase property of any ki�d from [he Exew[or or
Administrator of our Estates.
9. Lending: The Tms[ee may make loans,secured or unsecured,ro the Executor or Administrator of
our 8sta[es,to any Bene&ciary of the Trus[, or to the Trustee. Furtheq Ihe Trustee may use Trust
Assets to guarantee obligations of any incomc Beneficiary of the Trust(unless such Beneficiary is
serving as Trustee).
10. Distribu[ions m or for Beneficiaries: The Trustee may make any distribution contemplated by[his
Tmst Agreemen[ (I) to the Beneficiary; (2) if the Beneficiary is under a legal disability or if the
Trustee determines that the Beneficiary is unable to propedy manage his or her affairs,to a person
fumishing support,maintenance,or education for the Beneficiary or with whom the Beneficiary is
residing for expenditures on the Beneficiary's behalf,or(3)ifthe Beneficiary is a minoq to a trustee
of an existing trust established exclusively for the benefit of such minoq whether created by this
Trust Ag�eement or o[herwise,or to a custodian for the Beneficiary,as selected by the Tms[ee,under
[he Pennsylvania Unifortn Transfer[o Minors Act. Altematively,the Trus[ee may apply all or a part
ofthedistribu[ionfor[heBeneficiary'sbenefit Anydistributionunderthisparagraphwillbeafull
discharge of[he Trustee wi[h respect thereto. On any partial or final dishibution of ffie Trus[Assets,
— the Trustee may apportion and allocate[he asse[s of[he Trust Estate in cash or in kind,or partly in
cash and partly in kind, or in undivided interests in the manner deemed advisable a[[he discretion
of the Trustee and to sell any proper[y deemed necessary by the Trustee ro make the distribution.
The Trustee may distribute giRs of up to $IQ000.00 per year per donee out of principal and/or
in[eres[.
11. ]nsurancc: 'Ihe Trus[ee may purchasc new life insurance, pay the premiums on existing life
insurance on [he life of any Tmst Beneficiary, purchase annuities (either commercial or priva[e)
fmm any corpora[ion,lms[,or individual,and may procure and pay[he premiums on other insurance
of the kinds, forms, and amoun[s deemed advisable by Ihe Trustee to pro[ec[the Trus[ee and the
Trust Es[a[e.
12. Bortowing: The Trustee may borrow money from the Trust Estate and others. To secure Ihe
repaymentthereof,[he Trustee may mortgage,pledge,or othe`wise encumber part or all of the Tmst
Assets, and in connection with the acquisition ofany property,[he Trustee may assume a liability
or may acqufre property subject to a liabiliry.
13. Repairs: The'frustee may make ordinary and extraordinary repairs and altera[ions[o buildings or
offier Trust Assets.
I4. Reserves: TheTmsteemayestablishwchreservesoutofincomefortaxes,assessments,repair,and
maintenanCe asthe Trustee considers appropriate.
REVOCABLE LIVING TRUST AGREEMENT
Page 13
•
15. Continuation oFAusiness: The Trustee may continue any business or businesses in which the Trust
. has an interest atthe time ofthe Settlors'death for so long as the Trustee may,in its sole discretion,
wnsider necessary or desirable,whe[her or no[[he business is conducted by[he Settlors a[thc timc
of[heir death individualty,as a partnership,or as a corpora[ion wholly owned or controlled by them,
with full au[hority ro sell, settle, and discontinue any of[hem when and upon such terms and
conditions as[he Tms[ee may, in its sole discre[ioq consider necessary or desirable.
]6. Retain Proper[y for Personal Use: The Tmstee may retain a residence or o[her property for the
personal use of a Beneficiary and allow a Beneficiary to use or occupy[he retained property free of
rent and main[enance expenses.
U. Dcalings with Third Parties: The Trusree may deal with any person or entity regardless of
relationship or identiry of any Trustee to or with that person or entity. The Trustee may hold or
invcst any part of or all of the Trust Estate i� common or undivided interests with that person or
en[ity.
18. Partitions, Divisions, Distributions: The Trustee will have the powcr to make all parti[ions,
divisions, and distributions con[emplated by this Trust Agreement. Any parti[ions, divisions, or
other disvibutions may be made in cash,in kind,or partly in cash and partly in kind, in any manner
[ha[ [hc Trustce deems appropriate (including composing shares differently). The Tms[ee may
determine [he value of any property, which valuation will be binding on all Beneficiaries. No
adjus[ments are required ro compensa[e for any parti[ions,divisions,or distribu[ions having unequal
consequences to the Beneficiaries.
19. Claims,Controversies: TheTmsteemaymaintainanddefendanyclaimorconvoversybyoragainst
- [he Trust without thejoinder or consent of any BeneSciary. The Trustee may commence or defend
at the expense of the Trust any litiga[ion wi[h respect to the Trust or any pmper[y of the Trust Estate
as the Trustee may deem advisable. The Tmstee may employ, for reasonable compensation, such
counscl as thc Trustee shall deem advisable for tha[purpose.
20. Merger of Tms[s: If at any[ime the Trus[ee of any[mst created hereunder shall also be acting as
trustee of any other trus[ created by tmst instmment or by [rust declara[ion for[he benefit of the
same beneficiary or beneficiaries and upon substantially the same tenns and conditions,[he Trustee
is authorized and empowered, if in[he Tmstee's discretion such action is in the best interes[of[he
Beceficiary or Bene£ciaries,to transfer and merge all of the assets then held under such trust created
pursuan[to[his Trust Agreement to and with such other tmst and thcrcupon to terminaM the trust
created pursuan[ro this Tmst Agreement The Trustee is Further authorized to accept the asse[s of
any other tmst which may be transferred to any trust created hereunder and [o administer and
distribute such assets and properties so transferred in accordance with the provisions of this
Agreement.
21. Tennina[ion of Small Trust Any rorporate Tmstee which is serving as the sole Trustee of any
Trust or any Share[hereof may at any time[ermina[e such Trust or Share if, in the Trustee's sole
judgment,[he continued management of such Trust or Share is no longer economical because ofthe
small size of such Trust or Share and if such action will be deemed to be in the best interests of the
Beneficiary or Beneficiaries. In case of such termination,the Tmstee will distribute forthwi[h the
share of the Tms[ Es[a[e so termina[ed to the income Beneficiary, per s[irpes. Upon such
distribution, such Tmst or Share will terminate and the Trustee will not be liable or responsible to
REVOCABLE LNING TRUST AGREEMENT
Page 14
any person or persons whomsoever for its action. The Tmstee will not be liable for failing or
refusing at any[ime to terminate any Trust or a Sharc thereof as au[horized by this paragraph.
22. Power to Derermine Income and Principal: Dividends payable in stock oF[he issuing corpora[ion,
stock splits,and capital gains will be trea[ed as principaL Excep[as herein otherwise specifically
provided,[he Trus[ee will have full power and authoriryto detertnine[he manner in which expenses
are to be borne and in which receipts are to be credited as between principal and income. The
Tms[ee has[he power to determine what will constitute principal or income a�d may wi[hhold frum
income such reserves for depreciation or depletion as[he Trustee may deem fair and equi[able. In
determining such matters,the Trustee may give consideration m the provisions ofthe Pennsylvania
Statutes (or its successor statutes) relating to such matters, but it will not be bound by such
provisions.
23. Genera[ion-Skipping Taxes and Payment: If the Trustee considers any disaibution or tertnination
of an intcres[or power hereunder as a distribu[ion or[ermina[ion subjec[to a generation-skipping
[ax,the Tmstee is authorized:
24. To augment any taeable distribution by an amount which the Truscee estimates to be sufficient to
pay such ta�c and charge the same to the particular trust to which the ta<related without adjusenent
ofHie relative interests ofthe Beneficiaries;
a. To pay such tax, in[he case of a tasable terminatioq from the particular trus[to which the
[ax rela[es withou[adjustment of the relative interests of the Beneficiaries. If such tax is
imposed in part by reason of the Tmst Asse[s,the Trustee will pay only the portion of such
tax attributable to the taxable[ermination hereunder[aking into consideration deductions,
- exemptions, credi[s, and other factors which the Trus[ee deems advisable; and
b. To postpoce final termination of any particular trust and to withhold any portion or alI of
the Trust Estate until the Trustee is satisfied that the Trustee no longer has any liability to
pay any genera[ion-skipping tax with reference to such trust or its tertnination.
Scction 5.04 Soecial Provision for 5 Comoration Stock
Nohviths[anding wha[is otherwise provided in this Tmst Agreemen[, if a[any[ime the Tmst coniains any
s[ock of a corpora[ion which elects or has elected [reatment as an "S Corpora[iod' as defined by Section
1361(a)(1) of[he Internal Revenue Code (or any wrresponding successor s[atu[e), such stock will be
segrega[ed from the other asse[s of such and treared as a separate[rust The Trus[ee will further divide the
separate[mst inro shares for each Beneficiary and such shares will be distributed outright or held in trus[as
herein provided. In addition,all o[her provisions of[his i'rust Agreement will apply to each share held in
[ms[(and constitu[ing a separate trust) excep[tha[[he Trus[ee will distribute aIl of[he income from each
separate trust to its Beneficfary in convenien[installments a[least annually. I[is[he Settlors'intent that each
separate trust will be recognized as a"Qualified Subchaprer S TrusY' ("QSST")under Section 1361(d)(2)
of[he In[ernal Revenue Code(or any corresponding successor s[a[ute). No[wi[hs[anding any provisions of
[his Tmst Agreement[o the conhary,[he Trustee's powers and discretions wi[h respec[[o Ihe administra[ion
of each separate trust (including methods of accounting, bookkeeping, making distributions, and
characterizing receipts and expenses)will mt be exercised or exercisable except in a manner consis[ent with
allowing each separa[e Irust to be treated as a QSST as above described.
REVOCABLE LIVING TRUST AGREEMENT
Page I S
AR7ICLE SIX
Section G.01 Coordina[ion with Settlor's Probate Es[a[e
l. Atanytimeduringthecontinuanceof[hisTrus[,includingsubsequenttothedeathofeitherSettlor,
the Trustees may, in their sole and uncontrolled discretioq distribute to the deceased Settlor's
Probate Esta[e cash and/or other property as a Beneficiary of[he Tmst.
2. All other provisions [o the contrary nohvithstanding, under no circumstances shall any restricted
proceeds, as hereinafter defined,be either directly or indirectly: (i)distributed[o or for the benefit
of the Settlor's Exewrors or[he Settlor's Proba[e Estate;or(ii)used ro pay any other obligations of
lhe Settlor's Estate. The tarm"Restrioted Proceeds"me¢ns:
a. All qualified plans, individual re[irement accoun[s, or similar benefits which are received
or receivable by any Trustee hereunder, and which are paid solely [o a Beneficiary o[her
than the Execu[or of the Settlor's Gross Es[a[e for Federal Estate Tax purposes; and
b. All proceeds of insurance on the Settlor's life which, if paid to a Beneficiary other than[he
Settlor's Esta[e,would be exempt from inheri[ance or similar death taxes under applicable
s[a[e death laws.
Section 6.02 Direction to Minimize Taxes
In the administration ofthe Trust hereundeq its Fiduciaries shall exercise all available tax related elec[ions,
options, and choices in such a manner as [hey, in their sole but reasonable judgment (where appropriate,
� receiving advice of tax counsel), believe will achieve the overall minimum in [otal combined present and
reasonably anticipatcd future administra[ive expenses and taxes of al I kinds. This applies no[only ro said
Trust,but also to its Beceficiaries,to thc other Tmsts hereunder and their Beneficiaries,and to the Settlor's
Probate Estate.
W i[hout limitation on the generality of the foregoing direction(which shall to that ex[ent supercede the usual
fiduciary duTy of impartiality),such Fiduciaries shall not be accountable[o any person interested in this Trus[
or[o Settlor's Esta�e for the manner in which[hey shall carry out[his direction to minimize overall[axes and
expenses(inc luding any decision they may make m[to incur[he expense of a detailed analysis of altemative
choices). Even Ihough Iheir decisions in this regard may result in inereased taxes or decreased distributions
to the imst, ro the Es[are, or to one or more Beneficiaries, [he Ffduciaries shall not be obligated for
compensation readjusnnents or rcimbursemen[s which arise by reason ofthe manner in which the Fiduciaries
carry out[his direction.
Section 6.03 Judement and Discretion of Trustee
In the absence of proof of bad faith, all questions of construction or interpretation of any trusts created by
[his Tmst Agreemen[ will be finally and conclusively de[ermined solely by [he Tms[ee, according to the
Trustec'sbes[judgmen[andwithoutrecourse[oanycourt. Gachde[ertninationbytheTrusteeisbindingon
the Beneficiaries and prospective Beneficiaries hereunder, both in being and unborn, as well as all other
persons, firms, or corporations. The Trustee, when ezercising any discre[ionary power relating to the
distribution or acwmulation of principal or income or ro the cermination of any trus[,wi II be responsible onl}'
for lack of good faith in the exercise of such powec Each determination may be relied upon to the same
extent as if i[ were a final and binding judicial determinatioa In the event of a conflict between the
REVOCABLE LIVING TRUST AGREEMENT
Page 16
provisions of this Trust Agreemwt and lhosc of lhe Pennsylvania Statuces,the pmvisions of this Agreement
will control.
ARTICLE SEVEN
Section 7.01 Resolution ofConElict
Any controversy benveen[he Trus[ee or"Cms[ees and any other Trusiee or Tmsrees,or between any other
parties to[his Trust, including Beneficiaries, involving the construction or applica[ion of any of[he[erms,
provisions,or conditions of this Trust shall,on the written request of ei[M1er or any disagreeing party served
on the other or others, shall be submitted to arbitratioa The parties m such arbitration shall each appoint
one person to hear and decermine the dispute and,if they are unable to agree,Ihen the two persons so chosen
shall select a[hird impartial arbitra[or whose decision shall be final and conclusive upon bo[h parties. The
cost ofarbitration shall be borne by the losing party or in such proportion as the arbitretor(s)shall decide.
Such arbitra[ion shall compty wi[h[he commercial arbi[ra[ion rules of the American Arbitration Associatioq
140 West S lst Street,New York,NY 10200.
Section 7.02 Incon[es[abiliN
The beneficial provisions of[his Tmst Agreement are intended to be in lieu of any other rights,daims, or
interes[s of whatsoever namre,whether statutory or otherwise,excep[bona fide pre-death debts,which any
Beneficiary hereunder may have in Settlor's Estate or in the properties in trust hereundec Accordingly, if
any Beneficiary hereunder asserts any claim(except a legally enforceable debt),statutory elec[ioii,or other
right or interest against or in SettloPs Estate, or any propertics of this Trust, o[her [han pursuant to the
- express[enns hereof,or direc[ly or indirec[ly contes[s,disputes,or calls into questioq before any court,the
validiTy of this Trust Agreemen[,[hen:
L SuchBeneficiaryshalltherebyabsolutelyforfeitanyandallbeneficialinteres[sofwhatsoeverkind
and nature which such Beneficiary or his or her heirs migh[ otherwise have under this Trust
Agreement and the interests of the other Beneficiaries hereunder shall thereupon be appropria[ely
and proportionately increased; and
2. All of[he provisions of[his Tmst Agreemen[,to the exten[tha[they confer any bencfi[s, powers,
or rights whatsoever upon such claiming,elec[ing,or contesting Beneficiary,shall thereupon become
absolu[ely void; and
3. Such claiming, electing, or contesting Beneficiary, if then acting as a tmstee hereunder, shall
automatically cease to be a Trus[ee and shall thereafter be ineligible ei[her to select, remove, or
become a Tms[ee hereunder.
Section 7.03 Specific Omissions
My and all persons and entities, excep[ [hose persons and en[ities specifically named hereiq have been
inientionally omitted fmm this Tmst Agreement. If any person or eniity shall successfully chalienge any
tertn or condition of Ihis Tmst A�eement,then,to that person or entity shall be given the sum of one dollar
($L00)in lieu and in place of any other benefit,gra�t,or interes[which that person or in[crest may have in
the Tmst Estate.
REVOCABLE LNING TRUST AGREEMENT
Page l7
Section 7.04 Becefits Con£dential
"rhe Settlors further declare that i[is their desire and intent that the provisions of[his Tmst Agreement are
to remain confidential as to all parties. The Settlors direct that only[he information concerning the benefits
paid to any particular Bene£ciary shall be revealed to such individual and that no individual shall have a right
ro informa[ion concerning the beneFts being paid [o any o[her Beneficiary.
AATICLE EIGHT
Sec[ion 8A I Distribution in Kind or in Cash
On any division of the assets of[he Trust Estate into shares or partial shares, and on any final or partial
distribu[ion of[he assets of[he Tmst Estate, [he Trustee,at his or her absolu[e discre[ioq may divide and
distribute undivided intcrests of such assets on a pro raffi or non-pro ra[a basis,or may sell any part of or all
of such asse[s and may make divisions or distributions in cash or partly in cash and partly in kind. The
decision of the Trustee,either prior to or on any division or distribu[ion of such asse[s,as to what cons[i[utes
a proper division of such assets of the Trus[Estate, shall be binding on aIl persons interested in any tmst
provided for in this Trust Agreement.
Section 8.02 Soendthrift Provision
Neither the principal nor the income of the trust shall be liable for[he debts of s Beneflciary. Except as
otherwise expressly provided in this Agreement,no Beneficiary of any trust shall have any right,power,or
authority to alienate,encumber,or hypothecate his or her interes[in the principal or income of this Trus[in
�- anymanner,norshalltheinterestsofanyBeneficiarybesubjecttotheclaimsofhisorhercreditorsorliable
[o attachment,execirtion,or other process of law. The I imitations hercin shall not restrict the exercise of any
power of appointmen[or the right to disclaim.
Section 8.03 Definition of Children
The terms"Child" and "Children"as used in [his Agreement mean [he lawful issue of a Settlor or of Ihe
Settlors together. This defini[ion also includes children legally adop[ed by a Settlor or by the Settlors
together.
Section 8.04 Handicaooed Beneficiaries
Any IIene£ciary who is determined by a court of competentjurisdiction to be incompetent shall not have any
discretionary rights of a Beneficiary with respect to this Trust, or to their share or portion thereo£ The
Tmstce shall hold and maintain such incompetent Beneficiary's share of the Trust es[ate and shall, in the
Trustee's sole discretioq provide for such Beneficiary as [hat Trustee would provide for a minor.
Notwithstanding[he foregoing,any Beneficiarywho is diagnosed for the purposes ofgovemmen[al benefits
(as hercina(ier delineated) as being not competen[ or as being disabled, and who shall be en[itled to
govemmental support and benefits by reason of such incompetency or disabiliry, shall cease to be a
Beneficiary of[his Tmst Likewise, they shall cease to be a Beneficiary if any share or portion of the
principal or income of[he Tmst shall become subject to the claims of any governmental agcncy for costs or
benefi[s, fees, or charges.
REVOCABLE LIVING TRUST AGREEMENT
Page 18
The portion of the Tmst F,sta[e which, ebsent the provisions of this sectioq would have been the share of
. such incompetent or handicapped person shall be retained in trust for as long as that individual lives. The
Trustee,a[his or her sole discre[ion,shall utilize such funds for[hc main[enance of[hat individuaL If such
inJividual recovers from his or her incompetency or disabili[y and is no longer eligible for aid from any
guvernmental agency, including costs or benefi[s,fees,or charges, such individual shall bc rcinsta[ed as a
BeneSciary after 60 days from such recovery and the allocation and distribution provisions as stated herein
shall apply to that portion of the Tmst Estate which is held by the Trustee wbject to[he foregoing provfsions
of this section. If said handicapped Beneficiary is no bnger living and shall leave children then living,the
deceased child's share shall pass to those children per stirpes. If there are no children, the share shall be
allocated proportionately among the remaining Beneficiaries.
ART[CLE NINE
Section 9.01 Tmstees
All Tmstees are to serve without bond. 'Phe following will ac[as Tmstees of any Trus[s created by this Trust
Agreement, in the following order of succession:
First i'he undersigned, VICTOR C. BRENNEMAN and / or MARY J.
BRENNEMAN.
Second: The Surviving Spouse.
Third: AtthedeathorincapaciryoftheSurvivi�gSpouse,LYNNKBRENNEMANshall
- scrve as First Suceessor Tmstee.
Fourth: DORIS B. LAW shall serve as Second Successor Trustee.
Fifth: CHARLES V.BRENNEMAN shall serve as Third Successor Trustee.
Sixth: RONAI,D L.BRENNEMAN shall serve as Fourth Successor Trustee.
Last: A Trus[ee chosen by[he majority of Beneficiaries, with a parent or legal guardian
wting for mimr Benef ciaries;provided,however,tha[the children of any deceased
Beneficiary shall collectively have only one vote.
Section 9.02 Albca[ion and Distribu[io�of The Tms[Assets
"Che Tmstees shall allocate, hold,administer, and distribu[e the Tms[Assets as hereinafter provided:
1. Upon [he dea[h of[he first Settlor, the Tmstee shall make any separate distributions that
have been specified by Ihe deceased Settlor. The Trustee shall also take into considera[ion
the appropriace provisions ofthis Article.
2. Upon[he dea[h of the Surviving Spouse,[he Tmstee shall hold,adminis[er, and distribute
the Trust Assets in the manner hereinafter prescribed.
REVOCABLE LIVING TRUST AGREEMENT
Page 19
Section 9.03 Personal Pmocrtv D'stribution
Notwithsianding any provision of this Tmst Agreemen[ to the contrary, [he Tmstee must abide by any
memorandum by the $ettlors, particularly Ihat con[ained in the section entit�ed "Special Directives"
incorporated in[o this Trus[Ins[rumen[,directing the disposition of Trust Assets of every kind including bu[
not limi[ed tq fumiNre,appliances,furnishings,pictures,china,silverware,glass,books,jewelry,wearing
apparel,and all policies offire,burglary,property damage,and other insurance on or in connection with ffie
use of proper[y. O[herwise,any personal and household effec[s of[he Settbrs shall be distribu[ed wi[h the
remaining assets of the Tmst Estate.
Sec[ion 9.04 Liabiliri of Tmstee
The Trustee will not bc responsible or liable for any loss which may occur by reason of depreciation in value
of the properties a[any time belonging to[he Trus[ Esta[e nor for any other loss which may occur, except
[hat[he Trus[ee will be liable for each Trus[ee's own negligence, neglec[, defaul[, or willfW wmng. The
Trustee will no[be liable or responsible for[he acts, omissions, or defaults of any agen[or o[her person[o
whom duties may be properly delegated hereunder(cxcep[officers or regular employees of the Trustee) if
such agen[or person was appointed wi[h due care. The Trus[ee may receive reimbursement from thc Trust
Estate for any liability, whether in contract or in tort, incurred in the administration of[he"frust Esta[e in
acmrdance with the provisions hereof,and the Trustee may contract in such fortn Ihat such Truscee will be
exempt from such personal IiabiliTy and[hat such liability will be limited to the Trust Assets.
Section 9.05 Successor Trustees
Any Successor Tmstee shall have all[he power, righ[s,discre[ion, and obliga[ions conferred on a Tmstee
� by this Tms[Agreement. All rights,titles,and interest in the proper[y of the Trust shall immedia[ely vest
in [he successor Trustee at the time of appointmcnt The prior Tmstee shall,without warranty, hansfer to
the Successor Trustee the exis[ing Tmst property. No Successor Trustee shall be under any duTy to examine,
verify, question, or audit [he books, records, accounts, or transaction of any preceding Trus[ee; and no
Suecessor Trustee shall be liable for any loss or expense from or occasioned by any[hing done or neglec[ed
to be done by any predecessor Trustee. A Successor Tmstee shall be liable only for his or her own acts and
defaults.
ARTICLE TEN
Sec[ion ]0.01 PerpeNities Savines Clausc
Notwithstanding any other provision ofthis instrument,the Trusts created hereunder shall[erminate not later
than twentyrone (21)years after the death of the last survivor of all Settlors and any other Beneficiary or
Beneftciaries named or defined in this Trust living on the date of the death of the first Settlor to die. The
Tms[ee shall distribu[e remaining Trus[principal and all accrued or undisVibu[ed net income hereunder m
the BeceFciary or Beneficiaries. If[here is more [han one Beneficiary, [he distribution shall be in the
proportion in which they are Beneficiaries; if no proportion is designa[ed,then the distribution shall be in
equal shares ro such Beneficiaries.
REVOCAB[.E LIVING TRUST AGREEMENT
Page 20
AR I ICLE ELEVF.N
Section 1 I.01 Governine Law
[t is not in[ended tha[the laws of only one particular state shall necessarily govern all questions pertaining
to all of Ihe Tmst hereunder.
I. The validity of the Trust hereunder,as well as Ihe validiry of the particular provisions of that Trusi,
shall be govemed by the laws of the sta[e which has suff cient connection with the Trus[ro support
such validiTy.
2. The meariing and effect of the[erms of this Trust Agreement shall be govemed by[he laws ofthe
Commonwealth of Pennsylvania.
3. "Che administra[ion of this Tmst shall be governed by Ihe laws of[he state in which [he principle
office of the Tmstee then having cus[ody of[he TmsPs principal asse[s and records is located.
The foregoing shall apply even though the si[us of some Trust Assets or the home of the Settlor, a Trustee,
or a Beneficiary may at some time or times be elsewhere.
Section 11.02 ImalidiTy of Any Provision
If a court finds[ha[any provision of this Trust Agreement is void, invalid,or unenforceable,the remaining
provisions of[his Agreement will continue to be fully effective.
�-� Section 11.03 Headines
The use of headings i�connec[ion with the various articles and sections of this Trust Agreemen[ is solely
for comenience and the headings are to be given no meaning or significance whatsoever in construing[he
terms and provisions of this Agreement.
Section I 1.04lntemal Revenne Code Tertninoloev
As used herein, the words "Gross Estate; "Adjusted Gross Estate," "Taxable Esta[e," "Clnified Credit,"
"S[a[e Dea[h Tax Credit," "Maximum Mari[al Deduc[ion," "Marital Deduction," and any other word or
words which &om the context in which i[ or they are used refer [o [he In[emal Revenue Code shall be
assigned the same meaning as words have for [he purposes of applying the Intemal Revenue Code to a
deceased SettbPs Estate. Reference to seclions of the In[emal Revenue Code and to the In[emal Revenue
Code shall refer ro[he Intemal Aevenue Code amended[o the date of such Settbr's death.
REVOCABLE LIVING TRUST AGREEMENT
Page 2I
SPECIAL DIRECTIVES
OF
VICTOR C.BRENNEMAN
[, VICTOR C. BRENNEMAN, a residen[ of the Counry of Cumberland, Commonweal[h of
Pennsylvania, being of lawful age, and of sound and disposing mind and memory, and no[ acting under
duress, fraud, or undue influence, hereby make, publish and declare this to be my Special Direc[ive, and I
incorporate TtIE VICTOR C. BRENNEMAN AND MARY J. BRENNEMAN REVOCABLE LIVING
TRIIST AGREEMENT.
FIRST
The na[ural objects of my affec[ion are:
1. My wife- MARY J. BRENNEMAN
2. My Children- LYNN K. BRENNEMAN
DORIS B. LA W
CHARLESV. BRENNEMAN
RONALDL. BRENNEMAN
SECOND
I direct that aIl estate and inheri[ance taxes payable as a result of my death, not Iimited to taaces
assessed on property, shall be paid out of the residue of my Estate, and shall not be deducted or collected
from any League, Devisee, or Beneficiary hereunder.
THIRD
In[he event any of my named Beneficiaries should predeceased me,all oftha[person's share ofthe
Trust Estate is to be divided equally among that person's issue per s[irpes unless o[herwise stated in [hese
directives.
FOURTH
I direct that, before any distribution of the assets of the Tms[ Estate to the named Beneficiaries,
certafn specific distributions,if any,shall be made from the asrets as set forth on the list attached here[o and
marked "Exhibit A."
FIFTH
I hereby acknowledge and accept the "Special Directives," if any,of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 22
SPECIAL DII2ECTIVES
OF
MARY J. BRENNEMAN
I, MARY J. BRENNGMAN, a residen[ of the CounTy of Cumberland, Commonweal[h of
Pennsylvania, being of lawful age, and of sound and disposing mind and memory, and no[ ac[ing under
duress, &aud, or undue influence, hereby make, publish and declare this to be my Special Direc[ive, and I
incorporate THE VICTOR C. BRENNEMAN AND MARY J. BRENNEMAN REVOCABLE LNING
TRUS"CAGREEMENT.
FII2ST
The namral objects of my affection are:
1. My husband- VICTOR C. BRENNEMAN
2. My Children- L1'NN K. BRENNEMAN
DORIS B. LAW
CHARLESV. BRENNEMAN
RONALD L. BRENNEMAN
SECOND
I direct that all estate and inheri[ance [axes payable as a result of my dea[h, not limited to [a�ces
assessed on property, shall be paid ou[of the residue of my Estate, and shall not be deducted or collected
from any League, Devisee,or Beneficiary hereunder.
TEiIRD
In the event any of my named Beneficiazies should predeceased me,all ofthat person's share of[he
Trust Estate is to be divided equally among that person's issue per stirpes unless otherwise s[a[ed in [hese
directives.
FOURTH
1 direct tha[, before any distribution oF the assets of the Trus[Estate to the named Beneficiaries,
certain specffic distributions,ifany,shall be made from the assets as se[forth on the list attached hereto and
marked "E�ibit A."
FIFTH
I hereby acknowledge and accep[the "Special Directives," if any,of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 23
DATF,D[o be cffective this ��day oC /'/A-RG62 , 19�.
SETTLORS:
��%�h.C��,�=„�.�,..�<<
VICTOR C. BRENNEMAN
� � a p�/�l��v(N1�1'v� L��
MAI{Y J. BR�IVQGEMAN
ACCEPTED BY CO-TRUSTEES:
�� ����
VICTOR C. BRENNEMAN
� � � ,��r-.--
MARYI. tMAN
' COMMONWEALTHOFPENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged hefore me on the date herein set forth by VICTOR C.
BRENNEMAN as Settlor and Co-Tmsree to certify which wimess my hand and seal of offic//e.
'c���� L!'r o
Notary P b c Commonwea th of Pennsylva �a
COMMONWEALTH OF PENNSYLVANIA N07aaia�Sen�
Sworn to aMS��ed be(9 re�ne
57EPHEN A.STROPE Nolary PUMc »n �p [
COUN"CY OF CUMBERLAND schuv�k���Twp..Cnes�e.r,ou�ry tlus�._tlay �.f4 •��
M Commission Expirea Ap 129,2002
This instmment was acknowledged before me on the date herein set forth by MARY J.
BRF7VIVF,MAN as Settlor and Co-Tmstee to certify which wimess my hand and seal of office.
��ll./�J/.w / .Y �Y.r9-o R
Notary Public, mmonwealt of Pennsylva�p
NOTARIP.L SEAL
$'fEPHEN A.SiAOPE,Noury Pub1�c S�Y�a�subsuibetl before me
�kiqiwc..ChescerCau�ry 9bs�1_.daYo AR �9�
�— M Commission Ex Iree A n129,2002
REVOCABLE LIVING TRUST AGREEMENT
Page 24